Search found 2215 matches

by ofcmetz
Wed May 17, 2017 10:37 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Retirment Savings trust II
Replies: 9
Views: 1185

Re: Vanguard Retirment Savings trust II

If you can live off of pensions you will be fine either way. That said, I'd put part of it in total market index funds and the rest in bond funds. I'd probably put 50% in each. Something that is going to probably lose to inflation and that is yielding less than a total bond market index fund doesn't...
by ofcmetz
Wed May 17, 2017 10:23 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3511
Views: 905864

Re: U.S. stocks in freefall

I just got through working 22 days straight at the PD. It's nice to get on the bogleheads.org and see this old friend of a thread. I read in the WSJ a few days ago that $10,000 of Amazon.com purchased on the day of the IPO 20 years ago this week is now worth 4.9 million. The article then says you'd ...
by ofcmetz
Sat May 13, 2017 11:58 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else dial down retirement savings?
Replies: 32
Views: 5047

Re: Anyone else dial down retirement savings?

It's hard to respond without knowing your income. If you make $90,000 and are saving $45,000 then yeah that's probably a bit much. If you are saving $45,000 off of a $200,000 income, well that's completely different. I've thought about decreasing my retirement saving to pay off my house, but using t...
by ofcmetz
Tue May 09, 2017 9:26 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads' Guide to Investing. Latest Edition???
Replies: 7
Views: 1008

Re: Bogleheads' Guide to Investing. Latest Edition???

I read the first edition in 2011 and that's how I ended up here. It's a book I like to give away.
by ofcmetz
Wed May 03, 2017 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: Favorite Financial Indulgences
Replies: 78
Views: 7392

Re: Favorite Financial Indulgences

1. Good beer
2. Good coffee
3. Giving
4. Frequent travel
by ofcmetz
Wed May 03, 2017 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: First Milestone of many!
Replies: 11
Views: 1944

Re: First Milestone of many!

Congrats! We just rolled a milestone which too and I celebrated as well.
by ofcmetz
Wed May 03, 2017 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Do you know exactly what % of income you spend?
Replies: 48
Views: 3433

Re: Do you know exactly what % of income you spend?

Grt2bOutdoors wrote:100% - living expenses, saving expenses, investing expenses and taxes account for all of it.


Is saving an expense now? :shock:
by ofcmetz
Wed May 03, 2017 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Do you know exactly what % of income you spend?
Replies: 48
Views: 3433

Re: Do you know exactly what % of income you spend?

Saving and giving take up 32.5% of gross. After taxes we spend the rest. We are close to spending about 50% of what we make.
by ofcmetz
Wed Apr 19, 2017 11:27 pm
Forum: Investing - Theory, News & General
Topic: Visualizing the devastating impact of fees
Replies: 54
Views: 4981

Re: The devastating impact of fees

Nice. I used to be around the 1% amount and am now around 0.25% for total fund ER plus account fees. It's nice to visualize the difference that can make.
by ofcmetz
Wed Apr 19, 2017 11:19 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodbye."
Replies: 336
Views: 36633

Re: Larry Swedroe says "Goodby."

I'm thankful for all the time he spent over the years posting and debating on this site. I will miss seeing his posts. I wish him well.
by ofcmetz
Mon Mar 13, 2017 8:24 am
Forum: Investing - Theory, News & General
Topic: Reasons not to check the account balance too often
Replies: 42
Views: 4071

Re: Reasons not to check the account balance too often

10 times a day seems like a lot to look at actual balances. I do that once a week. I can look at the markets app on my iPhone and have a pretty good idea of what my portfolio is doing for the day. I probably do this once or twice a day although sometimes when I'm busy I forget to check. I don't thin...
by ofcmetz
Mon Mar 13, 2017 8:16 am
Forum: Investing - Theory, News & General
Topic: Anyone sorry they used bonds when starting out
Replies: 94
Views: 7196

Re: Anyone sorry they used bonds when starting out

I've worn body armor at work everyday for last 18 years. I haven't been shot in the chest yet. I could of been a lot more comfortable and cooler if I hadn't worn it. I look at keeping part of my portfolio in fixed income the same way. You'll wish you had done it if you needed it. No regrets here.
by ofcmetz
Mon Mar 13, 2017 8:09 am
Forum: Investing - Theory, News & General
Topic: Sitting on cash....Waiting for a crash
Replies: 129
Views: 17929

Re: Sitting on cash....Waiting for a crash

I'all add that money you need in less than 10ish years shouldn't be in stocks right now anyway. If it's money you don't need now them let it ride and keep adding to it. So, should those who are living off of their portfolio have 10 years of expenses allocated to cash? Or does it all go to bonds? Se...
by ofcmetz
Thu Mar 09, 2017 12:11 am
Forum: Investing - Theory, News & General
Topic: Sitting on cash....Waiting for a crash
Replies: 129
Views: 17929

Re: Sitting on cash....Waiting for a crash

I'all add that money you need in less than 10ish years shouldn't be in stocks right now anyway. If it's money you don't need now them let it ride and keep adding to it.
by ofcmetz
Thu Mar 09, 2017 12:06 am
Forum: Investing - Theory, News & General
Topic: Sitting on cash....Waiting for a crash
Replies: 129
Views: 17929

Re: Sitting on cash....Waiting for a crash

I'm 37. Wife is 40. We are 70% equities, 10% TIAA Real Estate fund, and 20% fixed income. Bonds pay higher interest today than they did last year. Did you know they would drop in value then? Next year they may pay less interest and be up in value. Do you think that will happen? In 2016, stocks went ...
by ofcmetz
Mon Mar 06, 2017 11:36 pm
Forum: Personal Finance (Not Investing)
Topic: At what age did you drop life and disability insurance?
Replies: 56
Views: 3797

Re: At what age did you drop life and disability insurance?

I got about 9 more years on my 20 year term life insurance policy. It's cheap enough that I'll just keep buying it until it runs out. My kids will be in college at that point. I'm about to cancel my long term disability insurance as I could draw a pension now that would be worth more than the insura...
by ofcmetz
Mon Mar 06, 2017 11:27 pm
Forum: Personal Finance (Not Investing)
Topic: A surprise raise
Replies: 10
Views: 1344

Re: A surprise raise

Police officers in our area (medium cost of living) average between $90-$125k per year after overtime and traffic details. Plus, they receive 1% to 4% cost-of-living increases every year, no deductible ("Cadillac") health insurance and a full pension after 20 years. That's a lot better th...
by ofcmetz
Mon Mar 06, 2017 11:06 pm
Forum: Personal Finance (Not Investing)
Topic: A surprise raise
Replies: 10
Views: 1344

Re: A surprise raise

Thanks. Half of the new gross amount seems pretty nice to add to savings. Leave's a bit more to spend after taxes, but not too much.
by ofcmetz
Mon Mar 06, 2017 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: A surprise raise
Replies: 10
Views: 1344

Re: A surprise raise

Base was $64,000 and gross after overtime and holiday pay has been in the $120,000's. New base pay will be around just above $70,000 and should be getting a similar amount of overtime.
by ofcmetz
Mon Mar 06, 2017 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Wedding cash gift
Replies: 68
Views: 4203

Re: Wedding cash gift

OP, I think you are getting good advice by spending some and having a nice wedding. That's what they want to pay for. I think it's clear that you can do that by spending half of what they are offering if you do some of the work. I got married 17 years ago on a $6,000 budget. I don't recommend that b...
by ofcmetz
Mon Mar 06, 2017 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Net Worth Calculation (Question/Opinion)
Replies: 26
Views: 1748

Re: Net Worth Calculation (Question/Opinion)

I back out a 6% real estate commission and estimate my home on the low value just to keep myself honest.
by ofcmetz
Mon Mar 06, 2017 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: A surprise raise
Replies: 10
Views: 1344

A surprise raise

On Wednesday March 8, I will have been a police officer for 18 years. The last 10 years have been pretty tight at my department with 8 of the last ten annual merit steps being canceled. These steps are the only increases in pay that we normally get. We've gotten one step and one partial step and tha...
by ofcmetz
Sun Feb 12, 2017 5:48 am
Forum: Investing - Theory, News & General
Topic: Charles Schwab Experiences?
Replies: 68
Views: 6970

Re: Charles Schwab Experiences?

We are using Schwab for a custodial brokerage account for my son. Their $100 minimums for the total stock market index funds are great for this. Their customer service was nice even though we have just a small amount invested there.
by ofcmetz
Wed Jan 18, 2017 6:41 am
Forum: Personal Finance (Not Investing)
Topic: Let's say you are dying this year
Replies: 48
Views: 8151

Re: Let's say you are dying this year

I don't have much to add letsgobobby, but I want to let you know that we will be thinking of you and your family during this rough year. I'm hoping you are able to have a few more good times yet with them this year. I like the idea of donating the miles to a charity while they are still alive to enj...
by ofcmetz
Wed Jan 18, 2017 6:31 am
Forum: Personal Finance (Not Investing)
Topic: Determining max amount to spend on a house?
Replies: 27
Views: 3486

Re: Determining max amount to spend on a house?

We spend about 15% of our monthly take-home pay on the mortgage, tax, and insurance on our home. This has been a really comfortable amount for us to spend. I think the main thing is not to be that person who doesn't do something because you need to be able to make the house payment. Or you don't wan...
by ofcmetz
Wed Jan 18, 2017 6:23 am
Forum: Personal Finance (Not Investing)
Topic: Is it ok to stop contributing to retirement accounts?
Replies: 11
Views: 2450

Re: Is it ok to stop contributing to retirement accounts?

Does he get a match on his retirement contributions? If so at least put in enough to get this. If it were me I'd contribute less but still put in a little. As raises come in then raise it up what you save with each raise. Regardless of your situation if you can live on less than what you make you ar...
by ofcmetz
Tue Jan 10, 2017 4:55 am
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 245
Views: 29955

Re: Whats your number to walk away?

Age 66/ wife 44 5 kids youngest are 16/18, so still have some college expenses. Provide some support to older kids Currently $30mm At $50mm I would probably "retire", although my business is going well and gives me plenty of flexibility now. mm's is millions right? If it is then well play...
by ofcmetz
Mon Jan 02, 2017 1:33 pm
Forum: Investing - Theory, News & General
Topic: This is a good weekend to start tracking your net worth.
Replies: 69
Views: 5887

Re: This is a good weekend to start tracking your net worth.

Over the last 17 years, what actions have you taken based on this info? 1. Continued to save and increased my savings a bit. 2. Been reminded that some years you do everything right but your net worth may still go down. 2008. 3. Thought about finances more in terms of what actions increase wealth a...
by ofcmetz
Mon Jan 02, 2017 1:28 pm
Forum: Investing - Theory, News & General
Topic: This is a good weekend to start tracking your net worth.
Replies: 69
Views: 5887

Re: This is a good weekend to start tracking your net worth.

Watty I have been thinking about doing this. I guess I am just a little afraid of two things. I might start yield chasing to try to improve things. I might become too obsessed with my net worth and minimize thoughts of human capital. It might push me away from purchases that I can afford. How has t...
by ofcmetz
Mon Jan 02, 2017 1:16 pm
Forum: Investing - Theory, News & General
Topic: This is a good weekend to start tracking your net worth.
Replies: 69
Views: 5887

Re: This is a good weekend to start tracking your net worth.

OP, funny you should mention that. I keep a similar spreadsheet and have net worth and investment portfolio totals on it for the last 13 years. I just updated it yesterday. It has been helpful to me to track our progress and encourages us to keep living below our means.
by ofcmetz
Fri Dec 30, 2016 2:08 pm
Forum: Investing - Theory, News & General
Topic: Are International Markets overdue for great gains?
Replies: 43
Views: 3717

Re: Are International Markets overdue for great gains?

OP, no one really knows if it's due. I international invest for diversification and wouldn't put my money there if it was because I thought it was due.
by ofcmetz
Fri Dec 30, 2016 2:05 pm
Forum: Investing - Theory, News & General
Topic: If you only have 20% in bonds...
Replies: 42
Views: 7314

Re: If you only have 20% in bonds...

We are 37 and 40 and have 20% in fixed income. We have half in the TIAA Traditional GRSA account and half in a stable value fund as both of these had much higher interest rates than TBM. When/ if interest rates get higher we will go back to having half of fixed income in these funds and half in TBM.
by ofcmetz
Mon Dec 26, 2016 3:19 am
Forum: Investing - Theory, News & General
Topic: Financial Independence is not the Holy Grail
Replies: 85
Views: 9640

Re: Financial Independence is not the Holy Grail

OP, thanks for the post. I've enjoyed reading all the discussion up unto this point. I work in a job where reaching full pension eligibility is the term we use for financial independence. I'm 2.7 years from this which is probably not much different than the amount of time it will take WCI to arrive ...
by ofcmetz
Mon Dec 26, 2016 2:21 am
Forum: Investing - Theory, News & General
Topic: TIAA Traditional: "Fair Value" or "Free Lunch"?
Replies: 31
Views: 2592

Re: TIAA Traditional: "Fair Value" or "Free Lunch"?

OP, thanks for the links and detailed post. I have enjoyed Traditional in a GRSA contract 403B for several years now. It seems to me to be a better choice than CD's or bond funds in this low interest rate environment. It feels like a free lunch to me, but you know how feelings are.
by ofcmetz
Mon Dec 26, 2016 2:16 am
Forum: Investing - Theory, News & General
Topic: Pimco Income Fund vs. Vanguard Total Bond Market
Replies: 51
Views: 5017

Re: Pimco Income Fund vs. Vanguard Total Bond Market

I think these are two very different bond funds here. I don't see why it has to be one or the other with fixed income. My strategy is to use passive whenever possible when it comes to bond (and any other) funds, but this Pimco fund would be fine in my opinion if you prefer the active route. Just rem...
by ofcmetz
Sat Dec 17, 2016 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: When will savings account rates rise?
Replies: 16
Views: 4346

Re: When will savings account rates rise?

A recent Wall Street Journal article said that big banks are usually slow to raise the interest that they pay on deposit accounts after the fed raises short term rates. It gives them longer to pocket a bit of profit. Think of the delay in the drop of the price of gasoline at gas stations after oil f...
by ofcmetz
Fri Dec 09, 2016 1:31 pm
Forum: Investing - Theory, News & General
Topic: Why not have an Emergency Fund in your Roth...(for those who can't max out anyways)
Replies: 22
Views: 2338

Re: Why not have an Emergency Fund in your Roth...(for those who can't max out anyways)

It's very easy to get your principle back out of a ROTH if you need it in a pinch. Just make sure you invest the part you consider emergency savings in something safe, and if you fill up the ROTH space then continue to pump your savings account up if you can. One day if your liquid savings outside o...
by ofcmetz
Fri Dec 09, 2016 4:19 am
Forum: Investing - Theory, News & General
Topic: Why not have an Emergency Fund in your Roth...(for those who can't max out anyways)
Replies: 22
Views: 2338

Re: Why not have an Emergency Fund in your Roth...(for those who can't max out anyways)

My ROTH IRA is step 2 of my emergency fund. I will fund it before funding my savings account even if the savings account was low.
by ofcmetz
Sat Nov 12, 2016 5:11 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3511
Views: 905864

Re: U.S. stocks in freefall

Only bonds and foreign stocks in freefall right now. US stocks did great this last week.
by ofcmetz
Sat Nov 12, 2016 4:42 am
Forum: Personal Finance (Not Investing)
Topic: Monthly grocery costs? How do you keep it low?
Replies: 155
Views: 16488

Re: Monthly grocery costs? How do you keep it low?

Family of 4 here and we budget $550 a month for groceries. I eat out a lot of time during my police shifts, but I get a lot of half off deals at local restaurants. My kids have a cafeteria meal plan at school so our groceries only half to cover breakfast and dinner for them plus snacks. We shop at T...
by ofcmetz
Fri Nov 11, 2016 4:57 am
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 331
Views: 57095

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

I like fancy cars and expensive things, but I pay cash. To each his/her own! Life is too short to die with a gigantic pile of cash and never enjoy what you work for. I don't make enough to have all this^ and to still take vacations and save. I have friends who do and I actually enjoy hearing about ...
by ofcmetz
Tue Nov 08, 2016 1:40 pm
Forum: Investing - Theory, News & General
Topic: Secrets of the S&P500
Replies: 10
Views: 2431

Re: Secrets of the S&P500

Interesting look at the S&P500 by Josh Kennon. How Quiet Changes in the Methodology Are Fundamentally Transforming the Index http://www.joshuakennon.com/sp-500s-dirty-little-secret/ Paul Thanks for posting Paul. I found it interesting. We only use the S&P 500 in my wife's 401K where it's on...
by ofcmetz
Tue Nov 08, 2016 2:10 am
Forum: Personal Finance (Not Investing)
Topic: How to retire early (in your 30s or 40s)?
Replies: 173
Views: 24481

Re: How to retire early (in your 30s or 40s)?

Join the US Military at age 18, live below your means, save like crazy, & you can get out with immediate pension after 20y. Start a career in law enforcement at age 21 or 22, and with planning can be out in your forties. Be careful!, life gets in the way like mortgages, kids, and spouses! PS- 7...
by ofcmetz
Sun Oct 30, 2016 4:16 am
Forum: Personal Consumer Issues
Topic: Mr. Money Mustache donates $100k to charity, writes about effective altruism
Replies: 100
Views: 11344

Re: Mr. Money Mustache donates $100k to charity, writes about effective altruism

I don't subscribe to the giving has to be anonymous camp. If someone gives more to a good cause because they want to look good then who does that hurt. We give to our church, a local fund that supports police officers families after line of duty deaths, a program for kids in Ecuador, and to a charit...
by ofcmetz
Sun Oct 30, 2016 4:06 am
Forum: Investing - Theory, News & General
Topic: How much international?
Replies: 80
Views: 8114

Re: How much international?

I like simple round numbers. I'm 30% of total portfolio in international. In my experience international index funds don't increase in value, but they pay good dividends and one day they might increase a bit.
by ofcmetz
Sun Oct 30, 2016 4:02 am
Forum: Personal Finance (Not Investing)
Topic: Sued for General [Investment] Advice?
Replies: 43
Views: 5766

Re: Sued for General [Investment] Advice?

I tell people to save as much as they can in index funds. Hope that doesn't get me sued. I try to be prudent but I don't really worry about lawsuits. Of course in my line of work I've found that in cases where I just know I'll be sued I'm not. Then when I think there is no question that everything w...
by ofcmetz
Sun Oct 30, 2016 3:57 am
Forum: Personal Finance (Not Investing)
Topic: Count pension as a form of retirement savings.
Replies: 56
Views: 5842

Re: Count pension as a form of retirement savings.

I dismiss the pension I currently have and also dismiss social security when running my numbers. Those will simply be luxuries, but I want to have the investment earnings to retire, not rely on pensions. This may be a minority view, but I would rather over save then under save and be stuck in a pre...
by ofcmetz
Sun Oct 30, 2016 3:52 am
Forum: Personal Finance (Not Investing)
Topic: Count pension as a form of retirement savings.
Replies: 56
Views: 5842

Re: Count pension as a form of retirement savings.

Set your own savings goals and then try to meet them. Having a decent savings rate not only causes you to live below your means now but allows you to be used to spending less in retirement. My pension mandatory contribution is 9.5% of base pay. I view it as a tax and don't count it towards my saving...
by ofcmetz
Thu Oct 27, 2016 12:18 pm
Forum: Investing - Help with Personal Investments
Topic: Too much house down payment?(Please evaluate my portfolio)
Replies: 10
Views: 1505

Re: Too much house down payment?(Please evaluate my portfolio)

Having too much cash saved when you are planning to buy a home doesn't seem like a problem at all to me. Both times I bought houses I found myself in the opposite position with too little saved. At a 400K income with a massive down payment, I think a 750K house is doable. I probably wouldn't blow al...
by ofcmetz
Thu Oct 27, 2016 12:11 pm
Forum: Investing - Help with Personal Investments
Topic: Pension value increase. Is my thinking correct?
Replies: 12
Views: 1367

Re: Pension value increase. Is my thinking correct?

Only you can really know when your heart is no longer in it. Financially you should probably stay as long as you can, but there's no point having lots of money if you don't have the life to enjoy it. In other words, this is not a financial call, this is a personal call- -about emotions, life goals,...

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