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by goodoboy
Fri Jul 14, 2017 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: When to max out 401k (Aspiring Early Retiree)
Replies: 89
Views: 5179

Re: When to max out 401k (Aspiring Early Retiree)

My goal is to retire at 50. I am almost 27 years old and work a 9-5 steady job paying 76k/yr. I have 60k saved up, but I don't know if that's enough. I have no debt. I live with my parents and own my car free and clear. I am anticipating the following costs: - Maybe buy a home (still debating renti...
by goodoboy
Wed Apr 19, 2017 8:38 am
Forum: Investing - Help with Personal Investments
Topic: Helping Choosing 401k Bond fund
Replies: 17
Views: 940

Re: Helping Choosing 401k Bond fund

retiredjg wrote:Happy to help. :happy And do keep an eye on what the stable value fund is paying - it might go up as interest rates go up.


Very good suggestion. I shall keep eye on it as well. Thank you.
by goodoboy
Wed Apr 19, 2017 8:36 am
Forum: Investing - Help with Personal Investments
Topic: [Advice needed for mother's inheritance/finances.]
Replies: 129
Views: 15001

Re: Too much inheritance to handle. Advice needed

Thanks for the suggestion. I don't mean to be invasive, but are these annuities you mentioned guaranteed to return 2-3 % a year? EE bonds are guaranteed to double (3.5%) in 20 years. 10 year CD's are currently returning 2.8%. Vanguard Total Bond Fund is not guaranteed, but has an annual total avera...
by goodoboy
Wed Apr 19, 2017 8:31 am
Forum: Investing - Help with Personal Investments
Topic: Helping Choosing 401k Bond fund
Replies: 17
Views: 940

Re: Helping Choosing 401k Bond fund

Good question. That is because bonds were paying a lot more back then than now. That's because interest rates were higher during a lot of that 30 years. During that time, some stable value funds were paying 5% and 6%, not 3%. Maybe higher, I don't know. Todays SEC yield of JFLEX is 2.62%. The SEC y...
by goodoboy
Wed Apr 19, 2017 7:35 am
Forum: Investing - Help with Personal Investments
Topic: Why invest in International Index Fund?
Replies: 39
Views: 4427

Re: Why invest in International Index Fund?

In addition to all these great posts how about recency bias in FAVOR of international: http://lookpic.com/O/i2/1654/qp0l93xT.jpeg See how the U.S. has lagged international so far this year (past performance is no guarantee of future results). Aren't you now glad that your target date fund contains ...
by goodoboy
Tue Apr 18, 2017 4:27 pm
Forum: Investing - Help with Personal Investments
Topic: Helping Choosing 401k Bond fund
Replies: 17
Views: 940

Re: Helping Choosing 401k Bond fund

Thanks for response. The Prudential Guaranteed interest 3% per year. Its been at 3% for years. Then this is the one I'd use for at least half my bond allocation, maybe all. 3% is more than most bond funds are paying these days and the Guaranteed Interest fund should have less risk (as I understand ...
by goodoboy
Tue Apr 18, 2017 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: Why would anyone want to buy bond funds?
Replies: 92
Views: 10116

Re: Why would anyone want to buy bond funds?

Substantially better outcomes? Meaning less volatility? or actual dollar amounts? Someone who has been 100/0 their whole life has "more to lose" per se versus the 70/30 fellow. The 70/30 portfolio will, potentially, have significantly more dollars in the account, often not just during the...
by goodoboy
Tue Apr 18, 2017 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: Why would anyone want to buy bond funds?
Replies: 92
Views: 10116

Re: Why would anyone want to buy bond funds?

If stocks only went up, there would be no reason to have bonds. This is actually why I don't own any bonds, haha! Stocks, as a whole, do always go up. As a relatively young person, volatility is meaningless it is not a risk whatsoever, it is only noise. So stocks win in the long run. I'm not going ...
by goodoboy
Tue Apr 18, 2017 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: [Advice needed for mother's inheritance/finances.]
Replies: 129
Views: 15001

Re: Too much inheritance to handle. Advice needed

Hello everyone, My father passed away a few month ago and my mom and I were left over 1m+ in assets. Right now we have three accounts with a financial advisor who is a close friend of my fathers. He has set up 3 accounts for my mom: Inherited IRA: 400k Brokerage account: 400k Mom's IRA: 200k Both m...
by goodoboy
Tue Apr 18, 2017 12:28 pm
Forum: Investing - Help with Personal Investments
Topic: Which International Fund to Pick In 401K
Replies: 20
Views: 934

Re: Which International Fund to Pick In 401K

Thank you ruralavalon Are you making the maximum annual employee contribution of $18k to your 401k? Yes I am What is your marginal tax bracket, both federal and state? 22% i think. how do i check this? I live in Texas What is your tax filing status? married In general it's better to make the maximum...
by goodoboy
Tue Apr 18, 2017 12:24 pm
Forum: Investing - Help with Personal Investments
Topic: Which International Fund to Pick In 401K
Replies: 20
Views: 934

Re: Which International Fund to Pick In 401K

Never take too much or too little risk". Thanks ruralavalon, That's a complicated statement and I don't like thinking alot. Well, I started 401K at 27 and only contributed enough to get the match. For about 3 years I contributed $17.5K. Then i stopped 401K for about 2 years to rebuild my savin...
by goodoboy
Tue Apr 18, 2017 12:12 pm
Forum: Investing - Help with Personal Investments
Topic: Which International Fund to Pick In 401K
Replies: 20
Views: 934

Re: Which International Fund to Pick In 401K

You can't use the foreign tax paid by the funds against your taxes when they are inside a 401k/IRA/etc. Thanks Hyperborea, What do you mean by "foreign tax paid by the funds against your taxes" ? I am ignorant to this subject Thanks This refers to the fact that investments in internationa...
by goodoboy
Tue Apr 18, 2017 11:56 am
Forum: Investing - Help with Personal Investments
Topic: Which International Fund to Pick In 401K
Replies: 20
Views: 934

Re: Which International Fund to Pick In 401K

You should have about 40% in bonds or stable value. 80% is too risky at any age. Maybe 70% if you are under 25 years old. By 30, 60/40 and stay the course. To the question, the American Funds one is pretty good (the class R6 which is institutional w/ a fee-break that you have). I had it for years. ...
by goodoboy
Tue Apr 18, 2017 11:51 am
Forum: Investing - Help with Personal Investments
Topic: Which International Fund to Pick In 401K
Replies: 20
Views: 934

Re: Which International Fund to Pick In 401K

Hyperborea wrote: You can't use the foreign tax paid by the funds against your taxes when they are inside a 401k/IRA/etc.


Thanks Hyperborea,

What do you mean by "foreign tax paid by the funds against your taxes" ? I am ignorant to this subject

Thanks
by goodoboy
Tue Apr 18, 2017 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Which International Fund to Pick In 401K
Replies: 20
Views: 934

Re: Which International Fund to Pick In 401K

I"d be looking for a different place to hold international, if possible. If not, I'd happily use the American Funds fund. It's good enough and contains both the developed markets and the emerging markets. There is definitely no reason to use the Lazard fund. Thank you retiredjg, How did you de...
by goodoboy
Tue Apr 18, 2017 9:01 am
Forum: Investing - Help with Personal Investments
Topic: Which International Fund to Pick In 401K
Replies: 20
Views: 934

Re: Which International Fund to Pick In 401K

If you are eligible for an IRA, then let the IRA having your international (indexed) fund. m If not, I would personally go with the lowest ER Thanks BogleMelon, My wife has good index funds in her 401k, but I am using her account for the Extended market index fund to get the mid and small cap. We d...
by goodoboy
Tue Apr 18, 2017 8:14 am
Forum: Investing - Help with Personal Investments
Topic: Which International Fund to Pick In 401K
Replies: 20
Views: 934

Which International Fund to Pick In 401K

Hello, My AA is 45% - SP 500 index 15% - Mid Cap and Small Cap 20% - International 20% - Bonds My 401K account only has 2 international funds to pick: (International Stock Growth) American Funds Europacific Growth R6 (RERGX) ER - 0.50% (International Stock Emerging Markets) Lazard Emerging Markets E...
by goodoboy
Mon Apr 17, 2017 10:09 am
Forum: Investing - Help with Personal Investments
Topic: Why invest in International Index Fund?
Replies: 39
Views: 4427

Re: Why invest in International Index Fund?

Investing solely in the United States is a bet that the US will always outperform every other market in the world. Although past performance is no guarantee of future results, looking at historical data disputes this position. International equity has at times outperformed US domestic equity. Alway...
by goodoboy
Mon Apr 17, 2017 10:02 am
Forum: Investing - Help with Personal Investments
Topic: Why invest in International Index Fund?
Replies: 39
Views: 4427

Re: Why invest in International Index Fund?

Because the past doesn't always repeat itself in the future. The next 20 years could show a 9.49% return for Int'l and a 4.51% return for US. Thanks Jags4186, I am not sure I understand. But the past shows solid evidence of better returns, what suppose to change in the future? Its all buying stocks...
by goodoboy
Sun Apr 16, 2017 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: Why invest in International Index Fund?
Replies: 39
Views: 4427

Re: Why invest in International Index Fund?

Because the past doesn't always repeat itself in the future. The next 20 years could show a 9.49% return for Int'l and a 4.51% return for US. Thanks Jags4186, I am not sure I understand. But the past shows solid evidence of better returns, what suppose to change in the future? Its all buying stocks...
by goodoboy
Sun Apr 16, 2017 1:04 pm
Forum: Investing - Help with Personal Investments
Topic: Why invest in International Index Fund?
Replies: 39
Views: 4427

Why invest in International Index Fund?

Hello, I have currently been investing in Vanguard Target Retirement 2055 Fund (VFFVX) the past years in 401k. Alot (35.8%) of money is going into Vanguard Total International Stock Index Fund with no good returns. I would have made more money investing Vanguard Total Stock Market Index and some bon...
by goodoboy
Thu Apr 13, 2017 3:50 pm
Forum: Investing - Help with Personal Investments
Topic: Helping Choosing 401k Bond fund
Replies: 17
Views: 940

Re: Helping Choosing 401k Bond fund

Thanks for response. The Prudential Guaranteed interest 3% per year. Its been at 3% for years. Then this is the one I'd use for at least half my bond allocation, maybe all. 3% is more than most bond funds are paying these days and the Guaranteed Interest fund should have less risk (as I understand ...
by goodoboy
Thu Apr 13, 2017 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: Helping Choosing 401k Bond fund
Replies: 17
Views: 940

Re: Helping Choosing 401k Bond fund

I don't have an opinion on those three, but if you don't like them, one option would be to invest your 401K in 100% stock, and then buy the bond fund of your choice in your IRA and/or purchase I-Bonds from Treasury Direct. Thanks aristotelian, I don't have a IRA, just 401K account. I rather leave a...
by goodoboy
Thu Apr 13, 2017 3:38 pm
Forum: Investing - Help with Personal Investments
Topic: Moving to a Lazy portfolio : Should I wait for a market correction?
Replies: 16
Views: 2290

Re: Moving to a Lazy portfolio : Should I wait for a market correction?

Hi there, Until recently, since I did not have enough time to learn about investment, I've been relying on different financial advisors that charged me 1% per transaction and never increased my portfolio more than 2% annually. Now that I have more time, I have decided to ditch them and learn how to...
by goodoboy
Thu Apr 13, 2017 3:25 pm
Forum: Investing - Help with Personal Investments
Topic: Helping Choosing 401k Bond fund
Replies: 17
Views: 940

Re: Helping Choosing 401k Bond fund

I don't have an opinion on those three, but if you don't like them, one option would be to invest your 401K in 100% stock, and then buy the bond fund of your choice in your IRA and/or purchase I-Bonds from Treasury Direct. Thanks aristotelian, I don't have a IRA, just 401K account. I rather leave a...
by goodoboy
Thu Apr 13, 2017 3:23 pm
Forum: Investing - Help with Personal Investments
Topic: Helping Choosing 401k Bond fund
Replies: 17
Views: 940

Re: Helping Choosing 401k Bond fund

It didn't have as much of a drop in value as the other fund back in 2007/08. retiredjg Thanks for response. The Prudential Guaranteed interest 3% per year. Its been at 3% for years. Can you explain about "It didn't have as much of a drop in value as the other fund back in 2007/08" Thanks,
by goodoboy
Thu Apr 13, 2017 12:47 pm
Forum: Investing - Help with Personal Investments
Topic: Helping Choosing 401k Bond fund
Replies: 17
Views: 940

Helping Choosing 401k Bond fund

Hello, I am 37 years old. My allocation is 80/20 for my retirement 401K account. I do not have any other retirement accounts. My job only has the following options for bonds funds. Any recommendation on which fund I can go with? Prudential Guaranteed Interest Janus Flexible Bond I JFLEX , ER -0.56% ...
by goodoboy
Mon Feb 02, 2015 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: Poll: Do you contribute max to tax-advantaged before 529?
Replies: 50
Views: 5625

Re: Poll: Do you contribute max to tax-advantaged before 529

Have you ever met someone who is totally stressed out about their student loans? The government and the banks have their teeth into these people and they don't let go. They grab tax refunds, they make it impossible to get state licensing unless one is current on their payments, etc. I was once in t...
by goodoboy
Mon Feb 02, 2015 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: Poll: Do you contribute max to tax-advantaged before 529?
Replies: 50
Views: 5625

Re: Poll: Do you contribute max to tax-advantaged before 529

I only max my 401K.

We can not afford to contribute to 529. Our kid will have the best education in the world: all our mistakes given to her for free and great plan to get rich and educated. That's the best I can do and all I am going to do.
by goodoboy
Mon Feb 02, 2015 2:24 pm
Forum: Investing - Help with Personal Investments
Topic: Play money- what is your process?
Replies: 68
Views: 6888

Re: Play money- what is your process?

I have the perfect idea.

Private message me for my PayPal account and send me the your play money. Then I will save it for you.
by goodoboy
Sun Feb 01, 2015 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: How to Decrease Our Tax bill
Replies: 14
Views: 2134

Re: How to Decrease Our Tax bill

basspond wrote:
goodoboy wrote:
get your April 15th bill down to about $1,000.




Thanks,

How do I confirm my tax bill will be about $1000 next year on April 15th?

Do I use paycheck calculator to see how much tax withheld when drop dependents to 0, then multiply by 26 (paid bi weekly), then take that number here https://turbotax.intuit.com/tax-tools/c ... taxcaster/ ?

Thanks
by goodoboy
Sat Jan 31, 2015 12:40 am
Forum: Personal Finance (Not Investing)
Topic: How to Decrease Our Tax bill
Replies: 14
Views: 2134

Re: How to Decrease Our Tax bill

tludwig23 wrote: change your W-4 withholding.


Thanks,

When I changed my W-4 dependents to 0, I was still owing. So this is why I added extra $100 to withholding for me about $50 withholding for wife.

Any confirmation? I use https://turbotax.intuit.com/tax-tools/c ... taxcaster/ to help me.
by goodoboy
Sat Jan 31, 2015 12:36 am
Forum: Personal Finance (Not Investing)
Topic: How to Decrease Our Tax bill
Replies: 14
Views: 2134

Re: How to Decrease Our Tax bill

I have no idea why I am claiming 6 expemts. Been that way for years, but I recently changed to 0. I also sold a stock I been having for awhile now for a -$4000 loss last year. So you want two things : - To reduce your tax bill - To stop owing tax every year For the second one, there might be a happ...
by goodoboy
Sat Jan 31, 2015 12:01 am
Forum: Personal Finance (Not Investing)
Topic: How to Decrease Our Tax bill
Replies: 14
Views: 2134

Re: How to Decrease Our Tax bill

My est would be that your fed tax bill MFJ with std deduc and 4 pers exempt and maxing 401k would be about $7K Is only $3K being withheld? Why are you claiming 6 exemptions? If you are paying for college? The Amer Opportunity Tax Credit would be available which could cut your taxes up to $2500. Tha...
by goodoboy
Fri Jan 30, 2015 11:29 pm
Forum: Personal Finance (Not Investing)
Topic: How to Decrease Our Tax bill
Replies: 14
Views: 2134

Re: How to Decrease Our Tax bill

See if you can bunch enough deductions into alternate years that the standard deduction is greater than the itemized deductions that you cannot bunch. Here is an example with made up numbers: Your itemized deductions are 14k per year. The standard deduction is 12k. If you do not bunch, you get 28k ...
by goodoboy
Fri Jan 30, 2015 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: How to Decrease Our Tax bill
Replies: 14
Views: 2134

How to Decrease Our Tax bill

Hello all, I always come for for advice before making decisions. Thank you all. I am tired of owing a tax bill every year. This year I owe nearly $4000 according to Turbo Tax calculator. m How do I decrease my 2015 tax bill for next year? Here is our current data to-date: # of kids : 2 (13 and 18 (a...
by goodoboy
Thu Jan 29, 2015 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: Stop 401K To Save More Cash
Replies: 5
Views: 910

Re: Stop 401K To Save More Cash

How did you come up with the $50k amount? The Roth IRA has the benefit of being able to withdraw your contributions so if you feel you need the flexibility, that is a better alternative than to significantly reduce your retirement contributions. $40K will be good. I just like having lots of cash si...
by goodoboy
Thu Jan 29, 2015 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Stop 401K To Save More Cash
Replies: 5
Views: 910

Stop 401K To Save More Cash

Hello all, Just need some friendly advice. Right now, I max 401k to 17.5K per year. But this past year we had some repairs that cost money from the savings and now its down, I would like to increase my savings for about 2 years before returning back to 401k. I would like to increase savings to about...
by goodoboy
Sun Oct 19, 2014 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: "I've had it" at work - how often
Replies: 151
Views: 16431

Re: "I've had it" at work - how often

I share some of your pain. Here is how I think of work: 1. I am here to get paid only and do my work for 8 hours and go home. 2. I ignore all the BS and politics and do my job. 3. I don't take anything at work personally, just pay me. 4. When I get home, I figure out where to travel next and plan m...
by goodoboy
Sun Oct 19, 2014 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: When can I afford to buy a home?
Replies: 21
Views: 3327

Re: When can I afford to buy a home?

The safest route before buying a house is : 1. Saving for 20% to put down 2. Saving 12 months of emergency fund. 3. Save more money for new home stuff (like new furniture, appliances, lawn mower, etc) 4. Save some more money like $8K for anything that will break that first year just for home repairs...
by goodoboy
Sun Oct 19, 2014 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: "I've had it" at work - how often
Replies: 151
Views: 16431

Re: "I've had it" at work - how often

I share some of your pain. Here is how I think of work: 1. I am here to get paid only and do my work for 8 hours and go home. 2. I ignore all the BS and politics and do my job. 3. I don't take anything at work personally, just pay me. 4. When I get home, I figure out how to make passive income to en...
by goodoboy
Mon Sep 08, 2014 10:02 am
Forum: Personal Consumer Issues
Topic: Texas - Recommendation Where To Live
Replies: 60
Views: 5350

Re: Texas - Recommendation Where To Live

Hello, I live in Houston Texas and love it. Lots of jobs and good people and food.

Houses are cheap and no state taxes.
by goodoboy
Sun Sep 07, 2014 6:55 pm
Forum: Personal Consumer Issues
Topic: Travel Insurance for a "trip of a lifetime"
Replies: 36
Views: 3721

Re: Travel Insurance for a "trip of a lifetime"

Hi everyone! I recently booked a "trip of a lifetime" to the South Pacific. I normally do not buy trip insurance but since this adventure is quite pricey I figured it may be worth looking into. Does anyone have advice on this? Places to get quotes, etc? Thank you for your time! Chad Hello...
by goodoboy
Sun Sep 07, 2014 12:18 am
Forum: Personal Consumer Issues
Topic: Budget breakers
Replies: 37
Views: 3677

Re: Budget breakers

I am trying to set up a baud get for my family that will put us in a better position financially for the years to come. While doing this I am trying to figure out the most likely culprits that will ruin my budget. Here are the things I came up with: Me Gardening supplies (seeds, dirt, materials, bi...
by goodoboy
Sat Aug 02, 2014 11:05 pm
Forum: Investing - Theory, News & General
Topic: Dividend Strategy Ain't For Everyone
Replies: 149
Views: 14503

Re: Dividend Strategy Ain't For Everyone

retiredjg wrote:
goodoboy wrote: Get the simple things right first.

Wise words for many areas of life. :happy


Correct retiredjg! When it comes to investing rather it dividend investing or step 1 and 2, make sure its simple and easy.
by goodoboy
Sat Aug 02, 2014 5:35 pm
Forum: Investing - Theory, News & General
Topic: Dividend Strategy Ain't For Everyone
Replies: 149
Views: 14503

Re: Dividend Strategy Ain't For Everyone

+1 . It is so easy to feed off on each other's disdain for an approach. I do have a portion of my assets in Dividend Paying and Growing stocks. I am currently in accumulation phase and do not need dividends for income. I simply reinvest them back into stocks. I do not immediately reinvest upon divi...
by goodoboy
Sat Aug 02, 2014 5:26 pm
Forum: Investing - Theory, News & General
Topic: Dividend Strategy Ain't For Everyone
Replies: 149
Views: 14503

Re: Dividend Strategy Ain't For Everyone

As noted many times before, this forum is hardly the place for a rational discussion of income stock investing. It quickly degenerates into name calling and put downs; frankly, it's tiresome. To proudly assert that income stock investors are irrational, illogical, ignorant, with "blinders on&q...
by goodoboy
Fri Aug 01, 2014 7:04 pm
Forum: Investing - Theory, News & General
Topic: Dividend Strategy Ain't For Everyone
Replies: 149
Views: 14503

Re: Dividend Strategy Ain't For Everyone

I'll try to allay some concerns as a dividend investor. There are many different kinds of dividend strategies, some of which I strongly disagree with. However, one idea, which I profess to, is to own a basketful of stocks (around 15-20) and hold for the long-term. That means that your dividends, if...
by goodoboy
Fri Aug 01, 2014 6:39 pm
Forum: Investing - Theory, News & General
Topic: Dividend Strategy Ain't For Everyone
Replies: 149
Views: 14503

Re: Dividend Strategy Ain't For Everyone

Here is what is funny to me. People talking about buying dividends stocks and working everyday just like me! Maybe I am slow or too simple thinking. I rather do step 1 and 2 ANYDAY of the week, then sit in front of a computer watching a 30-70 dividends stocks daily and keeping up with who is paying ...
by goodoboy
Fri Aug 01, 2014 2:03 pm
Forum: Investing - Theory, News & General
Topic: Dividend Strategy Ain't For Everyone
Replies: 149
Views: 14503

Re: Dividend Strategy Ain't For Everyone

Why do so many people do and believe in dividend income strategy? One guy I talked to says he cares about the yield his dividends are producing him when retired he don't care about his portfolio return. I say doing, step 1 and 2, then once I reach my goal, I no longer need to invest a dime. Is it no...