Search found 3635 matches

by delamer
Thu Feb 22, 2018 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement strategy for wife
Replies: 10
Views: 987

Re: Early retirement strategy for wife

Why have you chosen not to count income from your commercial building? I can understand discounting it, but excluding it seems severe. Wouldn’t it allow you to contribute some to retirement even if your wife stopped working? I am still having trouble with the taxes being included in your expenses. O...
by delamer
Thu Feb 22, 2018 4:38 pm
Forum: Investing - Help with Personal Investments
Topic: Joint Taxable Account
Replies: 17
Views: 981

Re: Joint Taxable Account

Considering cost basis if the OP dies first — how is the step up affected if the account is held by the OP only versus jointly?
by delamer
Thu Feb 22, 2018 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement strategy for wife
Replies: 10
Views: 987

Re: Early retirement strategy for wife

So your yearly expenses are currently $60K including income and payroll taxes? If the taxes are not included in the 60K then you have a distorted picture of your expenses. You can access IRA money before age 59.5 without penalty under the 72(t) rule: https://newdirectionira.com/education/blog-and-ar...
by delamer
Thu Feb 22, 2018 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Pay cash or get mortgage for 2nd home?
Replies: 11
Views: 755

Re: Pay cash or get mortgage for 2nd home?

If you pay cash, how much would that reduce your liquid assets?
by delamer
Thu Feb 22, 2018 3:23 pm
Forum: Investing - Help with Personal Investments
Topic: <gulp> Expensive mistake
Replies: 47
Views: 6854

Re: <gulp> Expensive mistake

Why rely on quarterly paper statements?

Sign up for online TSP access, and check your account after each paycheck to make sure you are seeing what you expected to see.
by delamer
Thu Feb 22, 2018 3:10 pm
Forum: Investing - Theory, News & General
Topic: I'm thinking about buying some real estate to diversify my virtual wealth - agree?
Replies: 17
Views: 1158

Re: I'm thinking about buying some real estate to diversify my virtual wealth - agree?

Let’s say you buy a home that you’ll live in, with no mortgage. So you have eliminated your current rent payment and reduced your monthly cash needs. But that’s it, as far as housing goes. You still have to pay utilities, property taxes, homeowner’s insurance, plus repairs/maintenance to keep the pl...
by delamer
Thu Feb 22, 2018 12:38 pm
Forum: Personal Consumer Issues
Topic: Caribbean Cruise 1st timer Cash or Card?
Replies: 24
Views: 1129

Re: Caribbean Cruise 1st timer Cash or Card?

We have cruised the Caribbean with several different lines. In our experience gratuities to the cruise director and to staff must be cash and can be recommended in the $20 day range. Depending on the cruise line and the "level" of your cabin bottled water may or may not be furnished gratis, or for ...
by delamer
Thu Feb 22, 2018 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance when retiring or self employed before Medicare age?
Replies: 14
Views: 795

Re: Health insurance when retiring or self employed before Medicare age?

Questions for those of you who retired before Medicare age, especially to those who still have dependents. What are you doing for health insurance? Roughly, what type of coverage do you have and what do you pay for it? For those of you that have had individual coverage for a few years, how have the...
by delamer
Wed Feb 21, 2018 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Spending and saving - am I on it, or in for it?
Replies: 15
Views: 2317

Re: Spending and saving - am I on it, or in for it?

It’s not as if I’m investing in the market, people always need rentals (where we live anyway) One more thing. You'll note that there are some on bogleheads that are pretty strongly against real estate. That is not the case for me, I think real estate is fine for investing if you're willing to put i...
by delamer
Wed Feb 21, 2018 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Rant about Savings Rate
Replies: 25
Views: 1862

Re: Rant about Savings Rate

Seems to me that the only thing that matters is whether the dollar amount is on track to meet your objectives. Agreed. What if we have the same salary with no other income. And I save 20% of my earned salary and you save 20% of your salary. Does that mean we are equivalent savers? Maybe. What if yo...
by delamer
Wed Feb 21, 2018 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Spending and saving - am I on it, or in for it?
Replies: 15
Views: 2317

Re: Spending and saving - am I on it, or in for it?

It’s not as if I’m investing in the market, people always need rentals (where we live anyway) One more thing. You'll note that there are some on bogleheads that are pretty strongly against real estate. That is not the case for me, I think real estate is fine for investing if you're willing to put i...
by delamer
Wed Feb 21, 2018 7:17 pm
Forum: Personal Consumer Issues
Topic: Mental Accounting -- How to solve problem
Replies: 31
Views: 2562

Re: Mental Accounting -- How to solve problem

I would aim at having the bonus fit the future year, not the end of the year you are in. That way you could (eventually) have future bumpy expenses covered ahead of time, not trying to catch up at end of the year. Had a young friend who was always running out at end of month, so he would eat out an...
by delamer
Wed Feb 21, 2018 6:10 pm
Forum: Investing - Help with Personal Investments
Topic: Balance in Marriage and Student Loans
Replies: 26
Views: 1588

Re: Balance in Marriage and Student Loans

This is a very personal decision but below is what I would do. $25,000 to emergency fund $63,000 to Parent PLUS loan $12,000 to Private loan Let him then send the $1200/month to the private loan. I would not accelerate payments on a 1% interest loan. If you accumulated $100,000 in the last 5 years ...
by delamer
Wed Feb 21, 2018 5:59 pm
Forum: Investing - Help with Personal Investments
Topic: Advice request: Managing Mom's Money
Replies: 11
Views: 824

Re: Advice request: Managing Mom's Money

Your worry that she will run out of money is well-founded. If she consider at her current rate, she will have nothing left in less than 3 years — especially given that all of the account income is going to fees. Does your mother understand the consequences of her withdrawals? If she isn’t spending a...
by delamer
Wed Feb 21, 2018 5:32 pm
Forum: Personal Consumer Issues
Topic: Alaska Cruise Suggestions
Replies: 23
Views: 1551

Re: Alaska Cruise Suggestions

Wow, thank you your input. This put things in perspective for me. It's looking like it'll be tough to cruise with our infant for the next several years. I was expecting the cruise experience to be mostly in the ship. I didn't think we'd be going in and out of the ship like that. If that's the case,...
by delamer
Tue Feb 20, 2018 10:56 am
Forum: Investing - Help with Personal Investments
Topic: What do Bogleheads think of Passive income through Dividend Stocks
Replies: 49
Views: 4624

Re: What do Bogleheads think of Passive income through Dividend Stocks

Have just skimmed the replies, so this may be repetitive. If you have $50,000 saved for living costs while you are in school and need $100,000, there is no magic formula that will get you the $100,000 via dividend investing or any other means. In fact, when you need to use money within a 5-year peri...
by delamer
Tue Feb 20, 2018 10:48 am
Forum: Personal Consumer Issues
Topic: Alaska Cruise Suggestions
Replies: 23
Views: 1551

Re: Alaska Cruise Suggestions

I wouldn’t do an Alaska cruise if you feel the baby would limit your activities off the ship. You’ll want to do excursions that involve lots of walking or getting on smaller boats, or you’ll miss too much. One of our best memories was getting on a small crabbing boat and then having a crab feast aft...
by delamer
Mon Feb 19, 2018 11:33 am
Forum: Personal Finance (Not Investing)
Topic: I think we can swing this! ($1M retirement home)
Replies: 27
Views: 3274

Re: I think we can swing this! ($1M retirement home)

There doesn’t seem to be any problem with you affording the house. We are having trouble finding a home and location that we want to retire to, so I am envious. :happy However, you should be prepared for the likely scenario that one of you will outlive the other. So run your numbers with DW as the s...
by delamer
Sat Feb 17, 2018 1:30 pm
Forum: Investing - Help with Personal Investments
Topic: Investing vs paying off debt
Replies: 28
Views: 1653

Re: Investing vs paying off debt

Those interest rates are low enough to focus on investing. Should the OP finance the next time they buy furniture, a new computer or remodel their kitchen if they can get a sub 3-4% interest rate? There is a big difference between the cost of furniture/computer versus a kitchen remodel. I wouldn’t ...
by delamer
Fri Feb 16, 2018 9:58 pm
Forum: Investing - Help with Personal Investments
Topic: Investing vs paying off debt
Replies: 28
Views: 1653

Re: Investing vs paying off debt

Some of your expenses seem high, like dental insurance, vision insurance, and water.

Maybe self-insure for dental and/or vision?

The mortgage includes taxes and insurance?
by delamer
Fri Feb 16, 2018 9:39 pm
Forum: Personal Consumer Issues
Topic: Transition from house to apartment
Replies: 28
Views: 2653

Re: Transition from house to apartment

I shared walls with other living units for (too) many years before I got married and was able to afford a single family home. Noise pollution is a fact of life in apartments. There are some things you can do to mitigate it, like remting on the top floor. But due diligence is needed. My in-laws each ...
by delamer
Fri Feb 16, 2018 8:30 pm
Forum: Investing - Help with Personal Investments
Topic: Investing vs paying off debt
Replies: 28
Views: 1653

Re: Investing vs paying off debt

You’d probably be appalled at how much interest you will pay on the car loan if you hold it for the full term, even at 3.3%. I wouldn’t trade it in because of the likely drop in value, plus transaction costs, but I’d try put at least half of that $1,000 toward the loan and keep the car for a long ti...
by delamer
Fri Feb 16, 2018 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Refinance
Replies: 2
Views: 238

Re: Mortgage Refinance

I know the sound advice is to bite the bullet and pay off the $20K over the next couple of years but the interest is just killing me mentally (it will actually be less money than closing costs and appraisal fees but it is the idea that is causing me angst). Our normal mode of operation is not to ca...
by delamer
Thu Feb 15, 2018 8:08 pm
Forum: Investing - Help with Personal Investments
Topic: Disabled and need Investment Advice
Replies: 10
Views: 831

Re: Disabled and need Investment Advice

To be completely honest, you sound like a good candidate for an annuity. I would cash out the retirement assets (avoid penalties but prepare to pay the taxes owed) and buy an annuity for your spouse with the remaining assets. A quick quote shows you would get at least 1500/month or so, which combin...
by delamer
Thu Feb 15, 2018 7:53 pm
Forum: Investing - Help with Personal Investments
Topic: Disabled and need Investment Advice
Replies: 10
Views: 831

Re: Disabled and need Investment Advice

Once you and your wife are both in Social Security, what will your total benefits be? What do you expect your expenses to be once you are both 65 and eligible for Medicare? The difference between your Social Security benefits and your monthly expenses is what you’ll need to withdraw from your saving...
by delamer
Thu Feb 15, 2018 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: Just wondering if you do this...
Replies: 10
Views: 1693

Re: Just wondering if you do this...

You are talking about two different things — one is the goal for your investments (retirement, college, house downpayment, etc.) and the other is the type of investment (bond funds, individual stocks, REITS, etc.) You can have dividend stocks in your retirement savings and you can have a S&P 500 ind...
by delamer
Thu Feb 15, 2018 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: Interest-only mortgage/HELOC as a refi? (retired and low income)
Replies: 12
Views: 729

Re: Interest-only mortgage/HELOC as a refi? (retired and low income)

I agree with the previous posters that it is time for your relative to sell.

If he has no savings, he is one major repair away from not being able to keep the house in any case.

At 4.5% for 30 years, the PI on a $90,000 mortgage would be about $456/month. With taxes and insurance, could he qualify?
by delamer
Thu Feb 15, 2018 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Changing from SS Spousal to Survivor
Replies: 26
Views: 1608

Re: Changing from SS Spousal to Survivor

She effectively receives my father full SS and a percentage of her old. Are you sure? Nobody is supposed to receive more than one benefit. You are supposed to receive your own benefit or your deceased spouse's benefit, whichever is larger - not both. If your deceased spouse had a higher benefit tha...
by delamer
Thu Feb 15, 2018 3:43 pm
Forum: Forum Issues and Administration
Topic: Doesn't seem like people respond to portfolio assessments like they did a few years ago.
Replies: 103
Views: 8371

Re: Doesn't seem like people respond to portfolio assessments like they did a few years ago.

What happens when someone offers advice and they don’t believe it? Continuing with their theory without providing resources or evidential proof to back the claim? What happens when the response back from OP is catty with name calling or there is no response at all? Seems to me that some portion of ...
by delamer
Thu Feb 15, 2018 12:11 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie: retirement vs. college savings vs. life insurance
Replies: 33
Views: 1256

Re: Newbie: retirement vs. college savings vs. life insurance

What do you mean by: "I hate the idea of having to somehow cover an additional 50%."? You said your 529 will cover 50%. So sure....you'll cover the other 50%. I'm wondering if the whole life sales man sold you policies with the assumption that these will "hide" the money from FAFSA. Sure, it will. ...
by delamer
Thu Feb 15, 2018 11:55 am
Forum: Investing - Help with Personal Investments
Topic: Using multiple asset allocation numbers more appropriate?
Replies: 11
Views: 582

Re: Using multiple asset allocation numbers more appropriate?

If the accounts have different goals, then they can have different allocations. I have inherited taxable assets that I intend to use for my kids — both for gifting while I am alive and for passing on once I die. Those assets are invested with a largish cash component and an aggressive stock allocati...
by delamer
Thu Feb 15, 2018 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Strategy to sell a sought-after condo
Replies: 15
Views: 1000

Re: Strategy to sell a sought-after condo

There is a real estate agent in our area who seems to have the following M.O. during seller-friendly markets. Holds an open house over an upcoming weekend. Home is available for touring for a few hours on both Saturday and Sunday. (in addition to other times agreeable to seller leading up to the wee...
by delamer
Thu Feb 15, 2018 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Friend with extremely high interest credit card debt
Replies: 20
Views: 1509

Re: Friend with extremely high interest credit card debt

If she hasn’t specifically asked for your help, then stay out of her affairs. Particularly with a work friend, the risk if you damage the relationship is high.
by delamer
Wed Feb 14, 2018 8:40 pm
Forum: Investing - Help with Personal Investments
Topic: How to advise a parent
Replies: 22
Views: 1881

Re: How to advise a parent

Thank you all for the thoughtful responses...truly appreciated. I have read the If You Can article and actually have it saved...just thought that was geared more toward the younger investor, but I am sure there are good bits of information in there that would be applicable to my mother. She is in h...
by delamer
Wed Feb 14, 2018 7:32 pm
Forum: Investing - Help with Personal Investments
Topic: Suggestions for Reasonably Safe Funds
Replies: 27
Views: 1859

Re: Suggestions for Reasonably Safe Funds

It is a difficult question to answer. The perception of “reasonably safe” varies a lot from person to person. Take a look at these charts, and pay particular attention to the worst year and years with a loss. They may help you decide what you can live with: https://personal.vanguard.com/us/insights/...
by delamer
Wed Feb 14, 2018 7:06 pm
Forum: Investing - Help with Personal Investments
Topic: Helping Parents Get Portfolio On Track
Replies: 5
Views: 588

Re: Helping Parents Get Portfolio On Track

Your dad can’t contribute to a traditional IRA at his age. In fact, he needs to start RMDs from his IRA and 401(k). Is everything but the cash and 401(k) with the advisor? There is a pretty wide range of appropriate allocations at their age(s). How much do they need to withdraw from their assets onc...
by delamer
Wed Feb 14, 2018 6:38 pm
Forum: Investing - Help with Personal Investments
Topic: Planning Using Nominal or Real Return
Replies: 13
Views: 661

Re: Planning Using Nominal or Real Return

I personally use real return when planning long term. It's just easier for me to think in terms of "today's dollars" instead of trying to account inflation. I use 4% as my assumption (approx 7% nominal with approx 3% inflation). I use real too, for the same reason. But it is simple enough to run th...
by delamer
Wed Feb 14, 2018 6:24 pm
Forum: Investing - Help with Personal Investments
Topic: How to advise a parent
Replies: 22
Views: 1881

Re: How to advise a parent

Is your mother fully retired or will she be adding to her nest egg? If she is fully retired, is she drawing down the account? I am not sure anything but a CD ladder is a good idea if she will not be adding to the account. I tend to agree with livesoft; she can’t escape the fees if she wants to inves...
by delamer
Wed Feb 14, 2018 6:14 pm
Forum: Forum Issues and Administration
Topic: Doesn't seem like people respond to portfolio assessments like they did a few years ago.
Replies: 103
Views: 8371

Re: Doesn't seem like people respond to portfolio assessments like they did a few years ago.

^ Yes. I've grown tired of posters who do nothing but defend their position. "I don't understand. Why would I consider your advice for 5 minutes when this thing I have already said is true, even if it isn't?" I'm reminded of the recent thread about a portfolio with literally 90+ holdings and the OP...
by delamer
Tue Feb 13, 2018 11:05 pm
Forum: Investing - Help with Personal Investments
Topic: G Fund in Wife's TSP
Replies: 4
Views: 569

Re: G Fund in Wife's TSP

The new rules have not yet been implemented.

Why would you specifically move the G fund money? Is that her only holding?
by delamer
Tue Feb 13, 2018 7:13 pm
Forum: Investing - Help with Personal Investments
Topic: New Career with benefits.
Replies: 7
Views: 770

Re: New Career with benefits.

A quick online search shows that the Target Date funds are composed of non-index funds, so I suspect that the fees posted are in addition to fairly high fees for the underlying funds. You can confirm that with a bit of research. If so, 0.26% is just the tip of the iceberg. If you check the wiki on t...
by delamer
Tue Feb 13, 2018 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: Federal Retiree Health Care with/Medicare
Replies: 206
Views: 15252

Re: Federal Retiree Health Care with/Medicare

... I think you'd be better off financially with Aetna Direct or BCBS-Basic. I have GEHA-HDHP, family plan, and wife is covered with my plan and separately she has Medicare Part B. Aetna Direct and BCBS-Basic are very inexpensive plans, perhaps, as cheap as GEHA-HDHP, more importantly, they waive a...
by delamer
Tue Feb 13, 2018 6:20 pm
Forum: Investing - Help with Personal Investments
Topic: TSP and otherwise for income
Replies: 14
Views: 940

Re: TSP and otherwise for income

I appreciate all of your responses and efforts to understand what I'm saying. Full disclosure, I've been meeting with various investment peeps who say the prob with staying in TSP and taking monthly withdrawals is the money is comes from each of my investment funds (20G, 80C), apparently bad if C i...
by delamer
Tue Feb 13, 2018 6:00 pm
Forum: Investing - Help with Personal Investments
Topic: TSP and otherwise for income
Replies: 14
Views: 940

Re: TSP and otherwise for income

I appreciate all of your responses and efforts to understand what I'm saying. Full disclosure, I've been meeting with various investment peeps who say the prob with staying in TSP and taking monthly withdrawals is the money is comes from each of my investment funds (20G, 80C), apparently bad if C i...
by delamer
Tue Feb 13, 2018 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Federal Retiree Health Care with/Medicare
Replies: 206
Views: 15252

Re: Federal Retiree Health Care with/Medicare

Obviously, you need to take into account that your wife will not be eligible for Medicare until long after you. You might need to take one type of coverage until she is Medicare eligible and then switch at that point. I thought the wife was a federal employee now and would retire as a federal emplo...
by delamer
Tue Feb 13, 2018 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Federal Retiree Health Care with/Medicare
Replies: 206
Views: 15252

Re: Federal Retiree Health Care with/Medicare

I am in a similar situation as the OP. I plan on retiring next year at age 62 with an immediate annuity. I had a few questions and hope that other folks here may be able to answer. My wife is also a federal employee but will not be retiring from the federal government. She plans on quitting her job...
by delamer
Mon Feb 12, 2018 9:28 pm
Forum: Investing - Help with Personal Investments
Topic: Best course of action to withdraw Roth IRA contribution?
Replies: 6
Views: 528

Re: Best course of action to withdraw Roth IRA contribution?

...earning a grand total of $3,006.85 net pay (according to my pay stub, as I have yet to look at my W-2.) What do you mean by "net" pay? The amount in W-2 box 1 (sometimes called "W-2 income" on pay stubs) is what will matter. Since you have a pay stub, it is gross pay that you need to look at. Th...