Search found 101 matches

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: 15220

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: 3094

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 abl...
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: 15220

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: 3094

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: 2518

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: 2518

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: 2518

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: 2518

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: 1441

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: 1441

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: 5444

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: 457

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: 4593

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: 2617

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: 1848

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: 10190

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: 1041

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: 2538

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: 2538

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: 3191

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: 1131

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: 1131

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: 1193

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.
by hafjell
Tue May 17, 2016 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: Early retirement: how to protect savings needed before age 59.5 against inflation?
Replies: 14
Views: 2672

Re: Early retirement: how to protect savings needed before age 59.5 against inflation?

Ron Scott wrote:Work 6 months longer and retire at 50 1/2. You'll earn an additional $400,000+ post tax and that's your inflation hedge with some room to spare.

Yes. Keep it simple.
by hafjell
Fri May 13, 2016 1:55 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Spartan Funds - name changes
Replies: 55
Views: 10357

Spartan Name Change and Investment Minimums to Change?

Just got a vaguely worded email from Fido with links that don't work. Spam?
by hafjell
Fri May 13, 2016 11:29 am
Forum: Investing - Help with Personal Investments
Topic: What's your EM tilt and why?
Replies: 43
Views: 3405

Re: What's your EM tilt and why?

I wanted 10% of total stock (25% of international) in EM. I have the option of tilting value and small. I broke it up as 40/30/30. EM is still 10% of the portfolio. I am willing to do the small amount of extra work. If it is irrelevant in the long run, I had a little fun doing something useless. If...
by hafjell
Fri May 13, 2016 11:25 am
Forum: Investing - Help with Personal Investments
Topic: What's your EM tilt and why?
Replies: 43
Views: 3405

Re: What's your EM tilt and why?

in_reality wrote:4% + 3% + 3% = 10%

10%>5%

I think Swensen's cutoff was 5% of total portfolio per subclass. Isn't this 10% of just his stock allocation? Can't tell what the real number is without knowing the stock/bond numbers.
by hafjell
Fri May 13, 2016 8:50 am
Forum: Investing - Help with Personal Investments
Topic: What's your EM tilt and why?
Replies: 43
Views: 3405

Re: What's your EM tilt and why?

My tilt is broken down as such: 4% stock portfolio in Vanguard EM 3% stock portfolio in DFA small EM 3% stock portfolio in DFA value EM What do make of Dave Swensen and others who say less than 5% of total portfolio is too small to make a difference? Not trying to start a fight. I'm interested in h...
by hafjell
Fri May 13, 2016 8:24 am
Forum: Investing - Help with Personal Investments
Topic: Intra-Family Mortgage INSTEAD of Investing
Replies: 27
Views: 2641

Re: Intra-Family Mortgage INSTEAD of Investing

In addition, we are as close as can be--it's just us. It's dramatic, but I'm sure she'd die rather than hurt me in any way. I feel the same about her. Loaning family members money (with or without paperwork) is a good way to strain the relationship. Are you positive a few percentage points is worth...
by hafjell
Thu May 12, 2016 1:41 pm
Forum: Investing - Help with Personal Investments
Topic: Who are the Best fiduciaries in RI?
Replies: 2
Views: 213

Re: Who are the Best fiduciaries in RI?

Head down to the corner of 45th and Washington. Ask for a guy named Buckshot. Actually, read this: https://www.bogleheads.org/forum/viewtopic.php?f=1&t=6211 Then read this: https://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212 Those exercises will take some time. But the upshot is you'll...
by hafjell
Wed May 11, 2016 2:33 pm
Forum: Investing - Help with Personal Investments
Topic: Feedback on fund/ETF selections
Replies: 3
Views: 367

Re: Feedback on fund/ETF selections

Fidelity funds: FUSVX (US large cap blend, 0.05%) FSCKX (US mid-cap blend, 0.08%) FSSVX (US small-cap growth, 0.09%) FSIVX (foreign developed, 0.12%) FPMAX (emerging market, 0.2 %) Consider: FSTVX at .05 FSITX at .07 FSGDX at .12 Also, take the weekend and ask yourself if you're being too cute with...
by hafjell
Wed May 11, 2016 11:39 am
Forum: Investing - Help with Personal Investments
Topic: Possible to contribute to 403b from my checking account?
Replies: 6
Views: 492

Re: Possible to contribute to 403b from my checking account?

ruralavalon wrote:Are you contributing to an IRA yet? You could use that for episodic contributions.

Yes, the IRA is maxed out. I'll have a talk with HR to see if there's an easy way to add to my current, bi-weekly contributions. Thanks.
by hafjell
Wed May 11, 2016 10:12 am
Forum: Investing - Help with Personal Investments
Topic: Possible to contribute to 403b from my checking account?
Replies: 6
Views: 492

Re: Possible to contribute to 403b from my checking account?

All contributions must come from payroll deductions. That's correct. If you have a large balance in checking or savings, you could increase your payroll deduction to the 403b at work and then draw from checking or savings to cover living expenses you would otherwise cover out of your paycheck. This...
by hafjell
Wed May 11, 2016 10:00 am
Forum: Investing - Help with Personal Investments
Topic: Possible to contribute to 403b from my checking account?
Replies: 6
Views: 492

Re: Possible to contribute to 403b from my checking account?

Rupert wrote:All contributions must come from payroll deductions.

Thanks. Thought so.
by hafjell
Wed May 11, 2016 8:19 am
Forum: Investing - Help with Personal Investments
Topic: Possible to contribute to 403b from my checking account?
Replies: 6
Views: 492

Possible to contribute to 403b from my checking account?

Hi, my HR rep is away and the 403b website is down so I can't research on my own. Is it typically possible to contribute to a 401k or 403b directly from a checking account (like I can to my IRA) or do all contributions have to come from payroll deductions? Thanks.
by hafjell
Tue May 10, 2016 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: Specx - front load
Replies: 11
Views: 773

Re: Specx - front load

Have you ever seen the old Saturday Night Live skit "Bad Idea Jeans"? This fund reminds me of it.

5.25 load and 1.19 ER. All to invest in the hard-to-find AAPL, Facebook, Amazon, Microsoft...

Buy a total market index fund (no load and .05 at Fido and VG) and save yourself a lot of money.
by hafjell
Tue May 10, 2016 8:25 am
Forum: Investing - Help with Personal Investments
Topic: Need help with portfolio outside of Vanguard
Replies: 6
Views: 633

Re: Need help with portfolio outside of Vanguard

FSTVX .05 same as VTSAX FSITX .07 .01 higher than VBTLX FSGDX .12 (not sure what the apples to apples here is, but the ER on VTIAX is .12; VG does have an international developed markets fund which is lower.) Pretty close to even between the two. I'd feel comfortable replicating your strategy at Fido.
by hafjell
Mon May 09, 2016 6:10 pm
Forum: Investing - Help with Personal Investments
Topic: Need help with portfolio outside of Vanguard
Replies: 6
Views: 633

Re: Need help with portfolio outside of Vanguard

Fidelity Spartan Index Funds, Advantage Class
FSTVX Total US
FSGDX International
FSITX Total Bond

Edited with correct ticker.
https://fundresearch.fidelity.com/mutua ... /316146141
by hafjell
Thu May 05, 2016 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: Need help with AA in our accounts--please.
Replies: 10
Views: 700

Re: Need help with AA in our accounts--please.

5. What questions are we not asking that we should be? You might spend some more time investigating basic AA questions such as stock vs. bond percentages and percentage of international within the stock allocation. 25% bonds at your age is still very aggressive and will offer returns without extra ...
by hafjell
Thu May 05, 2016 10:01 am
Forum: Investing - Help with Personal Investments
Topic: 57, widowed, looking for best path to invest windfall
Replies: 20
Views: 3101

Re: 57, widowed, looking for best path to invest windfall

Can she handle the carrying costs of a $900,000 property with $1.9M invested conservatively?
by hafjell
Thu May 05, 2016 7:26 am
Forum: Investing - Help with Personal Investments
Topic: How do 401k Contributions Affect Tax Rate?
Replies: 5
Views: 723

Re: How do 401k Contributions Affect Tax Rate?

I'm trying to create a spreadsheet.... Previous suggestions will get you the answer you want. If you want to create your own spreadsheet and are looking for some "for example"s, - http://www.excel1040.com may be the most sophisticated tax spreadsheet out there. - the MMM case study spread...
by hafjell
Wed May 04, 2016 12:10 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity or Vanguard
Replies: 93
Views: 10635

Re: Fidelity or Vanguard

If you and your heirs all have good sales resistance, Fidelity may be no problem. Ditto. I have had good experiences at Fido. I like their money management (free checking and ATMs with a chip card). The website is good. The customer service, from what I've read here, is superior to VG. When I start...
by hafjell
Wed May 04, 2016 9:10 am
Forum: Investing - Help with Personal Investments
Topic: How do 401k Contributions Affect Tax Rate?
Replies: 5
Views: 723

How do 401k Contributions Affect Tax Rate?

I'm trying to create a spreadsheet to determine how increased trad. 403b contributions will affect my taxes.

Married filing jointly
25% bracket, 0% state
Effective tax rate seems to be 18.77%, but am unsure how to calculate this.

Any suggestions?
by hafjell
Wed May 04, 2016 7:27 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Help for Early Financial Independence
Replies: 28
Views: 2721

Re: Portfolio Help for Early Financial Independence

I have recently been wondering if this was a good use of my money or not. I understand the logic behind your comment KlangFool. At the time when I set up the additional payment, I thought it was the right thing to do. When I was younger, people would always tell me to put additional payment toward ...
by hafjell
Tue May 03, 2016 9:55 am
Forum: Investing - Help with Personal Investments
Topic: Is there a web site that calculates correlations between different funds, etfs, and or indexes?
Replies: 16
Views: 1442

Re: Is there a web site that calculates correlations between different funds, etfs, and or indexes?

If you mean how would an individual investor come to be familiar with what assets (group A) have had low/negative correlations with other assets (group B) during times of distress for group B assets, investment books often discuss such things. This was what I meant. Can you recommend such a book? I...
by hafjell
Tue May 03, 2016 9:38 am
Forum: Investing - Help with Personal Investments
Topic: Ready to clean up a 400k portfolio that has gotten too unwieldy
Replies: 11
Views: 2314

Re: Ready to clean up a 400k portfolio that has gotten too unwieldy

ClaycordJCA wrote:You could keep the Roth IRA at Fidelity and sell the non-Spartan funds (excluding the Vanguard holding) and just invest in Fidelity Spartan Funds - they have both a Total Market Index and a U S. Bond Index with very low ER.

Your weighted expense ratio is about to plummet. Good job.
by hafjell
Tue May 03, 2016 7:21 am
Forum: Investing - Help with Personal Investments
Topic: Is there a web site that calculates correlations between different funds, etfs, and or indexes?
Replies: 16
Views: 1442

Re: Is there a web site that calculates correlations between different funds, etfs, and or indexes?

But if they held assets that historically have demonstrated low or negative correlation with the part of their portfolio that was being hammered, that surely was more likely to have bolstered their means to stay the course, even if those uncorrelated assets did not otherwise improve the long-term &...
by hafjell
Mon May 02, 2016 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: Is there a web site that calculates correlations between different funds, etfs, and or indexes?
Replies: 16
Views: 1442

Re: Is there a web site that calculates correlations between different funds, etfs, and or indexes?

As for all of the other stuff... the correlations are never really low, they are never really persistent, and chasing low correlations is probably no easier than chasing performance... and less rewarding. Correlations are unstable and fluctuate all over the place, so you get into correlation market...

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