Search found 128 matches

by hafjell
Fri Nov 10, 2017 9:19 am
Forum: Investing - Help with Personal Investments
Topic: What is a reasonable emergency fund for HI family?
Replies: 67
Views: 3771

Re: The "Emergency Fund" Myth

Once your portfolio becomes large enough in the taxable/Roth section (i.e. money you could get access to if you needed it), I think maintaining a separate emergency fund is a bad decision driven by risk-aversion gone awry. You can get access to money in these accounts in a week. For those of us wit...
by hafjell
Thu Nov 09, 2017 1:41 pm
Forum: Investing - Help with Personal Investments
Topic: What is a reasonable emergency fund for HI family?
Replies: 67
Views: 3771

Re: What is a reasonable emergency fund for HI family?

Does anyone disagree with counting your emergency fund as part of your AA? Since ideally I'd never use it, and I will eventually use the fixed/bond allocation, would it be ok to ignore the E.F. when planning investments and retirement?
by hafjell
Tue Oct 31, 2017 10:12 am
Forum: Investing - Help with Personal Investments
Topic: Bi-weekly rebalancing with purchases a bad idea?
Replies: 14
Views: 588

Re: Bi-weekly rebalancing with purchases a bad idea?

hafjell...The short answer to your question is that there is nothing wrong with what you're doing (directing contributions to keep your portfolio close to specified limits). I have Fidelity (401K, Roth, and soon taxable); I adjust my contribution percentages to keep my portfolio in alignment with m...
by hafjell
Tue Oct 31, 2017 10:10 am
Forum: Investing - Help with Personal Investments
Topic: Bi-weekly rebalancing with purchases a bad idea?
Replies: 14
Views: 588

Re: Bi-weekly rebalancing with purchases a bad idea?

I don't completely understand what you are doing and why. If you are underweight equities are you saying that ever two weeks you are buying more fixed income to bring the account closer to your allocation? If so, how does this make you feel like you are buying at a lower cost unless you assume the ...
by hafjell
Tue Oct 31, 2017 9:47 am
Forum: Investing - Help with Personal Investments
Topic: Bi-weekly rebalancing with purchases a bad idea?
Replies: 14
Views: 588

Re: Bi-weekly rebalancing with purchases a bad idea?

What are the alternatives you are considering? Buy all assets at set target levels throughout the year and then rebalance by selling and buying on a single day (birthday, for example). In this scenario, if target AA is 75%/25%, I would buy at 75%/25% throughout the year and then rebalance on a sing...
by hafjell
Tue Oct 31, 2017 8:44 am
Forum: Investing - Help with Personal Investments
Topic: Bi-weekly rebalancing with purchases a bad idea?
Replies: 14
Views: 588

Re: Bi-weekly rebalancing with purchases a bad idea?

What are the alternatives you are considering? Buy all assets at set target levels throughout the year and then rebalance by selling and buying on a single day (birthday, for example). In this scenario, if target AA is 75%/25%, I would buy at 75%/25% throughout the year and then rebalance on a sing...
by hafjell
Tue Oct 31, 2017 8:34 am
Forum: Investing - Help with Personal Investments
Topic: Bi-weekly rebalancing with purchases a bad idea?
Replies: 14
Views: 588

Bi-weekly rebalancing with purchases a bad idea?

Hi, I've been rebalancing for a few months towards target AA with bi-weekly new investments in 401k and IRA. The bi-weekly amounts don't achieve complete balance; and all asset classes are within a percentage point of target. So, essentially, I'm just chasing basis points weekly. I'm doing this beca...
by hafjell
Mon Oct 30, 2017 12:31 pm
Forum: Investing - Help with Personal Investments
Topic: Inheritance and Joint account with Siblings
Replies: 44
Views: 1836

Re: Inheritance and Joint account with Siblings

I truly hope for the OP's sake that he remains close to his siblings throughout his life. But, there's no guarantee, and problems can crop up later in life--job loss, divorce, medical issues--that can change the dynamic. Better to protect his own assets. +1. What the OP and others are suggesting is...
by hafjell
Fri Aug 25, 2017 8:08 am
Forum: Investing - Help with Personal Investments
Topic: Getting the lay of the land
Replies: 10
Views: 1125

Re: Getting the lay of the land

We have talked about moving into a bigger place/better school district at some point, You should answer the house question first. If you don't think you'll move within five years, consider a taxable account. Or, at minimum, CD ladders. $400k in savings is a lot if you have no looming cash need. Mos...
by hafjell
Wed Aug 23, 2017 1:49 pm
Forum: Investing - Help with Personal Investments
Topic: 26 years old, strategy help, need some wisdom
Replies: 12
Views: 1181

Re: 26 years old, strategy help, need some wisdom

comeonyouspurs wrote:
Wed Aug 23, 2017 11:44 am
It seems like from all of the posts that I should prioritize the wedding, followed by loans, and then the down payment. So much great info and a lot to weigh!
Note that nobody suggests an extravagant wedding. They're simply advising you to save for a known expense in the near term.
by hafjell
Wed Aug 23, 2017 10:27 am
Forum: Investing - Help with Personal Investments
Topic: 26 years old, strategy help, need some wisdom
Replies: 12
Views: 1181

Re: 26 years old, strategy help, need some wisdom

Thank you, Taco Knight and hafjell! I really appreciate the advice. As to hafjell's point, I usually have an extra $750-$1000 left over each month to save. I keep my expenses fairly low. When are you getting married? If in one year, that's $9,000 to $12,000 extra in savings. That amount of money in...
by hafjell
Wed Aug 23, 2017 10:19 am
Forum: Investing - Help with Personal Investments
Topic: Financing new home purchase
Replies: 17
Views: 1253

Re: Financing new home purchase

Adding to the above, do you need to buy a $580k home just to tear it down? Is all the value in the land, and the house is crap? Or could you buy an open lot and avoid tearing anything down, probably for a much cheaper price? How much do you plan to rent it out for? Do you already have a renter line...
by hafjell
Wed Aug 23, 2017 10:15 am
Forum: Investing - Help with Personal Investments
Topic: 26 years old, strategy help, need some wisdom
Replies: 12
Views: 1181

Re: 26 years old, strategy help, need some wisdom

You're doing well for your age. Some thoughts: 1. I'd start saving intentionally for the wedding until you're certain her parents and your parents will cover the cost. Once she says yes, you know you have a looming, big-ticket expense. Best to prepare for it. Anything left over after the wedding (in...
by hafjell
Wed Aug 23, 2017 7:45 am
Forum: Investing - Help with Personal Investments
Topic: 33 years old, how am I doing ?
Replies: 54
Views: 8506

Re: 33 years old, how am I doing ?

Seems that reducing shifts would bring me more happiness in the interim but wondering if it would be better to push hard over the next 5-10 years to better prepare for early retirement. Under this scenario, in ten years, just as you retire your oldest turns thirteen and stops talking to you. The ne...
by hafjell
Tue Aug 22, 2017 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: 33 years old, how am I doing ?
Replies: 54
Views: 8506

Re: 33 years old, how am I doing ?

I'm not sure why you are getting so much flak for being burned out. How many years does someone have to work in a stressful job (in your case making literal life or death choices) for being burned out to be OK? I'm not a doctor but I know many well and it's not like Med School and Residency are cak...
by hafjell
Tue Aug 22, 2017 11:59 am
Forum: Investing - Help with Personal Investments
Topic: 33 years old, how am I doing ?
Replies: 54
Views: 8506

Re: 33 years old, how am I doing ?

With regard to the house, I would not consider this to be a reasonable comparison. Reits are typically commercial & industrial buildings not residential housing. You will always need a place to live and its great that you are nearly through with that huge mortgage. This again is another mater of pr...
by hafjell
Tue Aug 22, 2017 7:57 am
Forum: Investing - Help with Personal Investments
Topic: 33 years old, how am I doing ?
Replies: 54
Views: 8506

Re: 33 years old, how am I doing ?

Personally I would ditch the 5% allocation to REIT's. IMO with tilts in general, a 5% allocation is just a distraction -- go big or stay simple. Not arguing, just noting that William Bernstein and David Swensen and others would say that 5% is the smallest recommended percentage of an asset class. I...
by hafjell
Mon Aug 21, 2017 8:03 am
Forum: Investing - Help with Personal Investments
Topic: Dollar cost averaging on withdrawals?
Replies: 16
Views: 1426

Re: Dollar cost averaging on withdrawals?

Olemiss540 wrote:
Sun Aug 20, 2017 8:58 am
Personally, I think you have already taken the risk (and won) by having the money invested building up to now. What's your AA? I would be satisfied with the run up in recent returns and not worry if you are stuck with a portion not getting as good of returns for the next 12 months.
+1
by hafjell
Mon Aug 21, 2017 7:47 am
Forum: Investing - Help with Personal Investments
Topic: Cancer at 38. Going from high income to no income. Need help generating income from $5m portfolio
Replies: 45
Views: 9799

Re: Cancer at 38. Going from high income to no income. Need help generating income from $5m portfolio

The suggestion above is very important under the circumstances. If you don't already, you need to have a full estate plan in place for yourself (and your husband, though that is more straightforward). This plan may need to include more life insurance on your own life so that your children will be p...
by hafjell
Fri Aug 18, 2017 8:44 am
Forum: Investing - Help with Personal Investments
Topic: Cancer at 38. Going from high income to no income. Need help generating income from $5m portfolio
Replies: 45
Views: 9799

Re: Cancer at 38. Going from high income to no income. Need help generating income from $5m portfolio

The suggestion above is very important under the circumstances. If you don't already, you need to have a full estate plan in place for yourself (and your husband, though that is more straightforward). This plan may need to include more life insurance on your own life so that your children will be p...
by hafjell
Fri Aug 18, 2017 8:40 am
Forum: Investing - Help with Personal Investments
Topic: Lost $7000 today in ONE DAY!
Replies: 183
Views: 16838

Re: Lost $7000 today in ONE DAY!

It's not your risk tolerance, asset allocation or frequency of viewing your portfolio that's the problem. And it's not your short term view. You're investing in the wrong funds. Only buy funds which go up every day. You'll sleep much better.

You're welcome.
by hafjell
Wed Aug 16, 2017 11:50 am
Forum: Investing - Help with Personal Investments
Topic: Cancer at 38. Going from high income to no income. Need help generating income from $5m portfolio
Replies: 45
Views: 9799

Re: Cancer at 38. Going from high income to no income. Need help generating income from $5m portfolio

My advice is to thoroughly research the medical facilities that specialize in treating this type of cancer. If you have to move across the country to be closer to one of the best ones, fine. And to research the exact doctors and care providers who will be taking care of your husband, to ensure that...
by hafjell
Wed Aug 16, 2017 10:44 am
Forum: Investing - Help with Personal Investments
Topic: Cancer at 38. Going from high income to no income. Need help generating income from $5m portfolio
Replies: 45
Views: 9799

Re: Cancer at 38. Going from high income to no income. Need help generating income from $5m portfolio

Sorry to hear about your bad news. From a strictly financial POV, you seem like your in great shape to handle an indefinite number of years with no income: $3.9M in cash $1M in tax advantaged accounts. $1.5M in home equity Net Worth roughly $6.5M So here's my biggest concern. I don't believe your s...
by hafjell
Wed Aug 16, 2017 10:22 am
Forum: Investing - Help with Personal Investments
Topic: 30,000 in Checking Account
Replies: 136
Views: 21866

Re: 30,000 in Checking Account

GridironGems wrote:
Tue Aug 15, 2017 9:31 pm
It seems a lot of you guys think a 4% return is good and I should be happy with that.
Not happy with 4% for the portfolio. Happy with 4% from the fixed/bond portion of the portfolio.
by hafjell
Tue Aug 15, 2017 7:42 am
Forum: Investing - Help with Personal Investments
Topic: 30,000 in Checking Account
Replies: 136
Views: 21866

Re: 30,000 in Checking Account

I work for the state and it doesn't invest my money, it has a 4% rate, so not interested in putting in more than that Have you factored in taxes on that 4%? Could be a much higher real return if you're not taxed on contributions. Lots of folks who know more than me will chime in, but it seems like ...
by hafjell
Thu Aug 10, 2017 8:45 am
Forum: Investing - Help with Personal Investments
Topic: Israel ETFs
Replies: 17
Views: 1390

Re: Israel ETFs

jbolden1517 wrote:The Israeli economy like many smaller countries is not diversified. You can track the Israeli economy or be diversified in industries/sectors but not both.
Thanks.
by hafjell
Thu Aug 10, 2017 8:13 am
Forum: Investing - Help with Personal Investments
Topic: Israel ETFs
Replies: 17
Views: 1390

Re: Israel ETFs

Otherwise simply directly own Israeli stocks, a small portfolio. Should be reasonably easy to open up an Israeli broking account? Or a US online account that allows dealing in Israeli stocks? Say an equally weighted portfolio of the top 10 stocks. Put $5k in each? Not sure I could sleep at night wi...
by hafjell
Fri May 19, 2017 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: My dad is taking Social Security at 62, why would anyone not? (If they already quit working)
Replies: 114
Views: 17108

Re: My dad is taking Social Security at 62, why would anyone not? (If they already quit working)

Possibly or not--an important consideration could be the relative earnings of the two spouses. If the younger spouse (let's say it is the wife) has little or no earnings history of her own, then value of deferral by older spouse increases even more since his deferral is purchasing an inflation-adju...
by hafjell
Fri May 19, 2017 2:50 pm
Forum: Investing - Help with Personal Investments
Topic: Life's big ticket items to save for
Replies: 37
Views: 3615

Re: Life's big ticket items to save for

It might be easier than not working and being home with the crying baby all day. Yes. My wife and I both have opportunities to work late in very social settings and we often lovingly fight over who "gets to work more." I lost this week but will win big next week. I would plan on being able to cash ...
by hafjell
Fri May 19, 2017 2:42 pm
Forum: Investing - Help with Personal Investments
Topic: My dad is taking Social Security at 62, why would anyone not? (If they already quit working)
Replies: 114
Views: 17108

Re: My dad is taking Social Security at 62, why would anyone not? (If they already quit working)

Sorry for the thread hijack, but what if you have a history of health problems and your 7 year younger spouse does not? Would that change the withdrawal strategy?
by hafjell
Fri May 19, 2017 9:24 am
Forum: Investing - Help with Personal Investments
Topic: Life's big ticket items to save for
Replies: 37
Views: 3615

Re: Life's big ticket items to save for

We are paying just under $30k per year for day care. After tax. We are paying to work. Get used to that idea. But if you find a good center with qualified people, it will be money well spent.
by hafjell
Mon Mar 06, 2017 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: 100K gift for kids education...where to put it.
Replies: 35
Views: 2785

Re: 100K gift for kids education...where to put it.

aristotelian wrote:By the way, if that is what GP wants, they open their own 529 accounts with the kids as beneficiaries. There's no reason to go through you.

I thought grandparent 529 accounts were included in financial aid applications as the student's assets. Am I wrong?
by hafjell
Mon Mar 06, 2017 2:35 pm
Forum: Investing - Help with Personal Investments
Topic: 100K gift for kids education...where to put it.
Replies: 35
Views: 2785

Re: 100K gift for kids education...where to put it.

I guess if I was 100% accepting of my decision, I would not have asked. And I do go back and forth with my reasoning.

But, the GP wants the gifts to go to the 529. UTMAs interest neither the GPs nor me. So, yes, on balance, I think this is an ethical way to provide for them.
by hafjell
Tue Feb 28, 2017 12:13 pm
Forum: Investing - Help with Personal Investments
Topic: 100K gift for kids education...where to put it.
Replies: 35
Views: 2785

Re: 100K gift for kids education...where to put it.

flyingbison wrote:Is it ethical to keep someone else's money in your own account?

Gifts are from grandparents for the 529's made payable to the grandchildren (my kids) as a way of distinguishing which accounts to direct the funds to. Am just concerned with legal impropriety.
by hafjell
Tue Feb 28, 2017 10:08 am
Forum: Investing - Help with Personal Investments
Topic: 100K gift for kids education...where to put it.
Replies: 35
Views: 2785

Re: 100K gift for kids education...where to put it.

Am I correct in thinking that if you live in a state with no income tax, checks made out to your infants' names can be deposited to a 529 in your name without any unethical tax considerations? I'm not benefitting in any way (except by lowering my cost of their education).
by hafjell
Fri Feb 10, 2017 8:30 am
Forum: Investing - Help with Personal Investments
Topic: Life insurance policy question
Replies: 23
Views: 1589

Re: Life insurance policy question

Thank you all for the advice and little lessons as well. I feel at this time I should shop for term life insurance, to reduce my current premium and get a better payout. I am working to understand the cancellation process with my current agency - and shopping for new via an independent agent. I als...
by hafjell
Thu Feb 09, 2017 12:20 pm
Forum: Investing - Help with Personal Investments
Topic: Life insurance policy question
Replies: 23
Views: 1589

Re: Life insurance policy question

OP, I completely understand why you bought the whole life policy when you did, but whole life is a terrible mistake for most people because it mixes insurance and investing, which is a bad idea almost 100% of the time. Level term is the way to go if you can get it. Because of your prior cancer diag...
by hafjell
Fri Aug 12, 2016 9:51 am
Forum: Investing - Theory, News & General
Topic: Fidelity Go (Robo-Service) has launched nationwide
Replies: 25
Views: 5801

Re: Fidelity Go (Robo-Service) has launched nationwide

Tommy wrote:Interesting that they are recommending mid and small funds separately and in equal allocation, but not extended market fund, what usually recomended to compliment S&P 500

Or, just total US market instead of large, mid and small cap funds.
by hafjell
Mon Aug 08, 2016 9:46 am
Forum: Investing - Help with Personal Investments
Topic: 529 for Second Child?
Replies: 3
Views: 463

529 for Second Child?

Second (and final) child arrived last month. His grandparents write three-figure checks to me a few times a year (birthdays, Christmas, etc.) I have a set up a 529 for his older sister. We intend to contribute to their college funds after the full-sized emergency fund is in place (six months) but do...
by hafjell
Tue May 31, 2016 7:59 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones or TIaa Creff
Replies: 52
Views: 4918

Re: Edward Jones or TIaa Creff

I really just want out of EJ and am trying to figure out where to go from there. TIAA seems like a good option since they are already handling my retirement account and have a fiduciary responsibility. As you haven't posted your portfolio, it's hard to see what you're really facing. If we knew the ...
by hafjell
Thu May 26, 2016 11:34 am
Forum: Investing - Help with Personal Investments
Topic: We are late starters, curious how aggressive others would be to catch up
Replies: 13
Views: 2676

Re: We are late starters, curious how aggressive others would be to catch up

To reach $1.5mm by age 59 (20 years from now), at a 5% rate of return, will require $2900/month or $34k/year. Your described plan is $6.5k/month or $78k/year, which means at your current savings rate you should hit your mark no problem. In fact, at the current savings rate with 5% annual return you...
by hafjell
Tue May 24, 2016 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: Inheritance Recommendations
Replies: 14
Views: 1909

Re: Inheritance Recommendations

3 In All About Asset allocation, Rick Ferri offers two portfolio options and I can't decide if the additional funds/ increased expenses is worth it. Option #2 25% US Core Equity 10% Small Value 5% Microcap 5% REIT 5% Pacific Rim-large 5% Europe-large 5% International Small cap value 5% Emerging Mar...
by hafjell
Tue May 24, 2016 9:19 am
Forum: Investing - Help with Personal Investments
Topic: Advice for a soon-to-be MLB draftee
Replies: 68
Views: 10695

Re: Advice for a soon-to-be MLB draftee

1. If they are so risk averse, they need to stay away from 1% of AUM model. Strongly consider VG at 30 basis points. 2. Remind him and them that this is his money. No cousins get a new car, nobody gets co-signed loans, no restaurant investments (as noted above). 3. They are reliant on a lot of advic...
by hafjell
Mon May 23, 2016 9:47 am
Forum: Investing - Help with Personal Investments
Topic: re-evaluating my investment strategies
Replies: 9
Views: 1080

Re: re-evaluating my investment strategies

What I don't have is a nestegg - all my money seems to go towards my investments ~$1000 a month. It's hard to save up 2-3 months of salary. Scale back the investing and increase the savings. Simple math: $750/month x 8 months = $6,000. That's just over one month of pre-tax salary. With a house, you...
by hafjell
Sun May 22, 2016 10:59 am
Forum: Investing - Help with Personal Investments
Topic: Rollover - silly concern
Replies: 27
Views: 2868

Re: Rollover - silly concern

Yes. Just have them write the check to "New Company Name FBO John Doe". I bet VG has an address/PO box specifically for these checks. This is what I had to do because my former megaoil company employer only issues paper checks both for 401(k) rollovers and lump sum pension payments. I tal...
by hafjell
Sun May 22, 2016 6:48 am
Forum: Investing - Help with Personal Investments
Topic: Rollover - silly concern
Replies: 27
Views: 2868

Re: Rollover - silly concern

As I understand it (YMMV): 20% Federal tax is withheld only if the check is made payable directly to the person. If the check is made to the new custodian: " The Vanguard Group FBO John Doe " (FBO = "for the benefit of"), no taxes are withheld. That's been my experience. Yes. Ju...
by hafjell
Sat May 21, 2016 8:18 am
Forum: Investing - Help with Personal Investments
Topic: DODIX [Dodge & Cox Income]
Replies: 53
Views: 3475

Re: DODIX

BTW, over both the last five year and ten year periods DODIX has performed ever so slightly better than both Barclays US Agg and Vanguard's Total Bond Admiral..... so exactly where were you going to put your bond money that you were expecting to do better, if not meaningfully better? Better than To...
by hafjell
Fri May 20, 2016 5:36 pm
Forum: Investing - Help with Personal Investments
Topic: Updated Asset Allocation Help
Replies: 9
Views: 1183

Re: Updated Asset Allocation Help

Her Current Company Retirement Plan The best options listed are: Columbia Large Cap Index - NINDX - 0.20 Columbia Mid Cap Index - MFESX - 0.20 Columbia Small Cap Index - MVCHX - 0.19 Europacific Growth Fund - FIMAX - 0.53 DFA Intermediate Govt Fund - DFIGX - 0.12 The Standard Stable Asset Fund - 0....
by hafjell
Fri May 20, 2016 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: Updated Asset Allocation Help
Replies: 9
Views: 1183

Re: Updated Asset Allocation Help

Updated today. Would appreciate any advice. Thanks.
by hafjell
Wed May 18, 2016 6:53 pm
Forum: Investing - Help with Personal Investments
Topic: My Own Investment Post (Following Bogle Template)
Replies: 10
Views: 1243

Re: My Own Investment Post (Following Bogle Template)

heybro wrote:New annual Contributions:

4% of income that is matched to 401k (8% of income total)

8% of income to Roth IRA

34% of income to taxable account. (once mortgage is paid).

You are missing out on great tax advantages by avoiding your 401k. Reconsider the 34% to taxable.