Search found 575 matches

by hnzw rui
Tue Apr 26, 2016 7:38 pm
Forum: Investing - Help with Personal Investments
Topic: What do you wish you had known in your early 20's?
Replies: 46
Views: 6315

Re: What do you wish you had known in your early 20's?

Wish I knew how easy opening a Roth IRA and investing is. Having my savings inside Roth invested in mutual funds would probably have prevented some extreme hedonistic spending in my late 20s.
by hnzw rui
Sun Apr 24, 2016 10:37 pm
Forum: Investing - Theory, News & General
Topic: how do people keep AA constant with ongoing contributions?
Replies: 23
Views: 2798

Re: how do people keep AA constant with ongoing contributions?

That said, I don't have taxable investment accounts at the moment. I reckon once I do, that might complicate things a bit. Especially if/when VG changes the underlying allocation or composition of the TD funds. Yeah, this is my primary concern. I'm considering just having taxable 100% equities. Aft...
by hnzw rui
Sun Apr 24, 2016 12:33 pm
Forum: Investing - Theory, News & General
Topic: how do people keep AA constant with ongoing contributions?
Replies: 23
Views: 2798

Re: how do people keep AA constant with ongoing contributions?

This is why I switched back to balanced funds (Target 2040) after an attempt with some slice and dice. No muss, no fuss. That said, I don't have taxable investment accounts at the moment. I reckon once I do, that might complicate things a bit.
by hnzw rui
Sat Apr 23, 2016 7:33 pm
Forum: Investing - Help with Personal Investments
Topic: Early pension vs Normal Age- why so similar
Replies: 10
Views: 1337

Re: Early pension vs Normal Age- why so similar

Shouldn't "Years of Service" be 10 greater for age 62 than 52? Also, there will probably be 10 years worth of raises to bump up the "Average Monthly Compensation" which should also bump up the ultimate benefit. Quick guess, the OP retires now but has the option of taking reduced pension now or dela...
by hnzw rui
Thu Apr 21, 2016 11:32 pm
Forum: Investing - Help with Personal Investments
Topic: Tiers of E-Fund in Roth IRA?
Replies: 4
Views: 539

Re: Tiers of E-Fund in Roth IRA?

But one fills up Roth space that one may not have been able to do if one put the money in a taxable Ally savings account. That is, if the budget allows $11,000 in savings to be split between a Roth IRA and Ally, then the clear place this money should go is the Roth IRA. 1. If one is going to have t...
by hnzw rui
Wed Apr 13, 2016 9:43 am
Forum: Personal Consumer Issues
Topic: Harry Potter World: Trip Advice
Replies: 30
Views: 3982

Re: Harry Potter World: Trip Advice

Wow, appreciate all of the advice and recommendations! Didn't anticipate the costs to be so high. For two people, including flight (only 1 remember, mine is paid by work), would you say $2k is about what we are looking to spend between parks/line bypass/food/etc? With not much merchandise and for 2...
by hnzw rui
Wed Apr 13, 2016 9:18 am
Forum: Personal Consumer Issues
Topic: Cell phone bills and annual expednitures
Replies: 29
Views: 3773

Re: Cell phone bills and annual expednitures

Cricket Wireless is $60/mo ($55/mo with autopay) for 10GB high speed data. The unlimited data part is so slow as to be almost useless. If you can cut your usage to 10GB, that's a good option, imho. Too bad Cricket doesn't have their double data promo anymore (20GB for $60/mo). That seems like it mig...
by hnzw rui
Tue Apr 12, 2016 9:26 am
Forum: Personal Consumer Issues
Topic: Harry Potter World: Trip Advice
Replies: 30
Views: 3982

Re: Harry Potter World: Trip Advice

There are plenty of things to do near Orlando if you have a car. For two adults, I would say 1 day is enough there. Get there early and knock it out.. Hit up any of the other major things local, some cheap and some not.. Sea World, Universal, Disney, Discovery Cove, Cape Canaveral, just drive over ...
by hnzw rui
Tue Apr 12, 2016 8:47 am
Forum: Personal Consumer Issues
Topic: Harry Potter World: Trip Advice
Replies: 30
Views: 3982

Re: Harry Potter World: Trip Advice

I highly recommend staying at one of their three "premier" on-site hotels: Loews Portofino, Hard Rock Hotel, Loews Royal Pacific. That gets you Unlimited Express (front of line pass) to almost all rides except Forbidden Journey, Escape from Gringotts and Hogwarts Express. It also gets you inside the...
by hnzw rui
Wed Apr 06, 2016 2:20 am
Forum: Personal Finance (Not Investing)
Topic: Advice with Roth IRA/emergency fund, Age 29/married
Replies: 7
Views: 1451

Re: Advice with Roth IRA/emergency fund, Age 29/married

Perhaps consider opening a myRA (pretty much TSP G fund)? It doesn't go down in value. It's really just meant as a starter account so I believe there's a $15K account maximum.
by hnzw rui
Fri Apr 01, 2016 5:25 pm
Forum: Investing - Help with Personal Investments
Topic: Money From Heaven: Pension Rollover Question & More
Replies: 12
Views: 1898

Re: Money From Heaven: Pension Rollover Question & More

If you're concerned about Vanguard's customer service, then how about rolling over to a traditional IRA at Fidelity? The Fidelity Freedom Index funds are pretty diversified and low-cost.

I wouldn't roll over the lump sum to your 401k. All your 401k fund options are expensive.
by hnzw rui
Sat Mar 26, 2016 12:27 pm
Forum: Investing - Help with Personal Investments
Topic: At Age 55, too late to start Roth IRA?
Replies: 8
Views: 1844

Re: At Age 55, too late to start Roth IRA?

It's never too late. Another thing, you could always do Roth conversions when you retire.
by hnzw rui
Fri Mar 25, 2016 6:27 pm
Forum: Investing - Help with Personal Investments
Topic: Total newbie, late starter, freaking out a little ...
Replies: 13
Views: 2131

Re: Total newbie, late starter, freaking out a little ...

Stop using Roth in your 401k. Until you have around $2 million in tax deferred, you're likely just paying more taxes than necessary with the Roth. If you want Roth, open a Roth IRA with Vanguard and invest in low fee funds. LifeStrategy Moderate Growth (60/40) is a decent starter fund with an asset ...
by hnzw rui
Fri Mar 25, 2016 6:13 pm
Forum: Investing - Help with Personal Investments
Topic: Best & Worst Financial Decisions?
Replies: 92
Views: 11521

Re: Best & Worst Financial Decisions?

Best: Working for gov't. Worst: Letting myself be convinced to go for single-family instead of buying a townhome back in 2010-12. Still renting and prices for townhomes have almost doubled since. :oops: 2nd worst: Blowing DP money on random crap after being frustrated about not getting the SFH we li...
by hnzw rui
Thu Mar 24, 2016 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Defined Benefit Pension - Joint Survivor Annuity
Replies: 41
Views: 3400

Re: Defined Benefit Pension - Joint Survivor Annuity

the advice that many public employees get is to take the single annuity and buy a life insurance policy. Of course this assumes that the annuitant is of good health to where the policy's cost is reasonable. This isn't even an option for our public pension plan. If you have an eligible spouse, the s...
by hnzw rui
Thu Mar 24, 2016 5:17 pm
Forum: Personal Consumer Issues
Topic: $184,000? How do you like your cell phone now?
Replies: 59
Views: 7546

Re: $184,000? How do you like your cell phone now?

I'm not doing any of those things above because in addition to investing, I'm also trying to enjoy my life a little bit. I'm not going to live miserably for the chance that I'll live long enough to enjoy it when I'm old later. I invest what I need to hit my goals and then I enjoy the rest. My smart...
by hnzw rui
Thu Mar 24, 2016 2:51 pm
Forum: Personal Consumer Issues
Topic: $184,000? How do you like your cell phone now?
Replies: 59
Views: 7546

Re: $184,000? How do you like your cell phone now?

Covered by pension with retiree medical. Assuming rate of return at 6% real, ditching the smartphone and mobile plan wouldn't make a darned difference in my retirement date. It just gives me a bigger stash that will likely just increase my taxes. I would need 11% return to be able to retire just 5 y...
by hnzw rui
Thu Mar 24, 2016 1:34 am
Forum: Personal Finance (Not Investing)
Topic: Defined Benefit Pension - Joint Survivor Annuity
Replies: 41
Views: 3400

Re: Defined Benefit Pension - Joint Survivor Annuity

" My "guess" is that the 50% might (don't know for certain) may be some kind of law or regulation to protect the financial interests of the spouse, when the retiree is married." Employee Retirement Income Security Act (ERISA) of 1974. Here is more from the DOL: http://webapps.dol.gov/dolfaq/go-dol-...
by hnzw rui
Wed Mar 23, 2016 11:26 pm
Forum: Investing - Help with Personal Investments
Topic: Target Retirement Fund
Replies: 22
Views: 2696

Re: Target Retirement Fund

Are the Vanguard retirement funds a better choice then betterment funds? Does tax loss harvesting play a significant factor in it? In a 401k or IRA, there's no tax loss harvesting. Better, no idea. Betterment does some factor investing. Whether that gives better returns to offset the additional fee...
by hnzw rui
Wed Mar 23, 2016 10:08 pm
Forum: Investing - Theory, News & General
Topic: Article by Michael Kitces makes the case that gov. bonds are a better diversifier than corporates (against the S&P500)
Replies: 34
Views: 3962

Re: Article by Michael Kitces makes the case that gov. bonds are a better diversifier than corporates (against the S&P50

..... I say Kitces seems to be technically correct but at the same time it's not a very big deal. Nisi, you are right that the data is not very conclusive, but for me there is an important psychological reason to prefer treasuries. When it appears that everything is going to hell in a handbasket - ...
by hnzw rui
Wed Mar 23, 2016 3:22 pm
Forum: Investing - Help with Personal Investments
Topic: Stay with ROTH or switch to Traditional?
Replies: 1
Views: 313

Re: Stay with ROTH or switch to Traditional?

Download IRS Form 1040 and Instructions and read them. Check your state's income tax return form, too, if you have state income tax. They're very useful to tax planning. For 2016: Single Standard Deduction: 6,300 Exemption: 4,000 Taxable Income: Adjusted Gross Income - Standard Deduction - Exemption...
by hnzw rui
Wed Mar 23, 2016 2:41 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Questions
Replies: 7
Views: 1103

Re: Roth IRA Questions

rick0 wrote:For a new investor, the precise asset allocation, and expense ratio (within
reasonable limits) is not very critical. Putting the $$ in is what counts.
+1. Personally like the glide paths for Vanguard Target Retirement funds so I'm in one of those. It doesn't hurt that the minimum is small ($1,000).
by hnzw rui
Wed Mar 23, 2016 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Financially, how have you done/doing vs. your parents?
Replies: 134
Views: 14814

Re: Financially, how have you done/doing vs. your parents?

There's a lot written that the young folks today won't do as well as their parents did financially perhaps for the first time. I was wondering how you feel you are doing or have done compared to your parents? If you could explain why that would be helpful. Older millennial here. Income-wise, defini...
by hnzw rui
Wed Mar 23, 2016 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Has your definition of "a lot" of money changed?
Replies: 57
Views: 7201

Re: Has your definition of "a lot" of money changed?

Living in the Philippines, PHP1m (~$20k) seemed like an absolute fortune. I think our household income then was $300/month. When we moved to the US, had quite a bit of sticker shock over the price of goods. $3 for lunch seemed like too much. I first started working at $12/hr. $5-10 for the occasiona...
by hnzw rui
Wed Mar 23, 2016 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Take Small Mortgage or TSP Loan?
Replies: 11
Views: 1256

Re: Take Small Mortgage or TSP Loan?

In the TSP, the interest is at the G fund rate, so if you take the loan from the G fund, you break even. For example, if the G fund is yielding 2%, and you borrow $10,000 and pay back $10,200 a year later, you will have the same TSP balance as if you had left the $10,000 in the G fund. (There is a ...
by hnzw rui
Tue Mar 22, 2016 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: How much is your allowance?
Replies: 40
Views: 5042

Re: How much is your allowance?

$1,000 discretionary/month which includes eating out for a family of four, fun money, weekend expenditures, gifts, charitable donations, etc. Ok, we usually go over it by a couple hundred dollars but it works for us :-) Yup, pretty similar. I've got budget line items for savings (have automatic xfr...
by hnzw rui
Tue Mar 22, 2016 10:44 am
Forum: Personal Finance (Not Investing)
Topic: $1 Million+ Nest Egg From Less Than $100k Yearly Income
Replies: 45
Views: 9812

Re: $1 Million+ Nest Egg From Less Than $100k Yearly Income

Build that nest egg so that one day your nest egg/Vanguard becomes your "employer" and it generates the income you need and can take the place of your current job. Vanguard will be my future "boss", with many fringe benefits! I get monthly and quarterly dividends for which I don't have to do any of...
by hnzw rui
Tue Mar 22, 2016 3:10 am
Forum: Personal Finance (Not Investing)
Topic: Is California income tax-friendly for early retirees?
Replies: 71
Views: 8177

Re: Is California income tax-friendly for early retirees?

@hnzw rui: the house is 3500 sf and my outdoor space is xeriscaped. I think part of the reason my water bill is so high is because I was so conservative in my use in 2013 which is what they base current rates on. You are expected to reduce your use by 45%? off of what your use was in 2013. This pen...
by hnzw rui
Tue Mar 22, 2016 1:21 am
Forum: Personal Finance (Not Investing)
Topic: Take Small Mortgage or TSP Loan?
Replies: 11
Views: 1256

Re: Take Small Mortgage or TSP Loan?

I would do the TSP. On a related note, people always seem to talk about the "missed" opportunity from using the tsp or other 401(k) loans. But in reality one probably has fixed income part of their portfolio anyway. If the liability amount is similar to the fixed income allocation you lose nothing....
by hnzw rui
Mon Mar 21, 2016 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: How much is your allowance?
Replies: 40
Views: 5042

Re: How much is your allowance?

$100-400/paycheck ($2600-10400/year) depending on other obligations. That's inclusive of vacation/travel (pretty much going back to Philippines to visit family) that's why it's on the high side.
by hnzw rui
Mon Mar 21, 2016 6:23 pm
Forum: Investing - Help with Personal Investments
Topic: Ameriprise, Performance
Replies: 8
Views: 1210

Re: Ameriprise, Performance

Also, it seems we have a fair amount of fund overlap with Ameriprise, for example: TWEAX, INUTX, & SVAAX which all seem to be Large Value funds. Can anyone recommend a tool I can use to say look at 10K invested April 16, 2010 and "easily" see performance of 2 or 3 funds. I want to see what that 10K...
by hnzw rui
Mon Mar 21, 2016 5:45 pm
Forum: Investing - Help with Personal Investments
Topic: Tech-Tilted Investment Portfolio
Replies: 51
Views: 5869

Re: Tech-Tilted Investment Portfolio

Or if you want to follow the Boglehead principles and diversify, maybe put 10-15% in an emerging markets index fund. Emerging market is already up ~20% from the 2016 low. I'm somewhat annoyed since my state tax refund got delayed and I was hoping to use it to buy some EM ETFs for my vacation fund (...
by hnzw rui
Mon Mar 21, 2016 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: $1 Million+ Nest Egg From Less Than $100k Yearly Income
Replies: 45
Views: 9812

Re: $1 Million+ Nest Egg From Less Than $100k Yearly Income

....So I think this is doable for a lot of folks, sure not for a couple making minimum wage but you can tweak the assumptions a lot... I reckon you're going to need a lot more than minimum wage to make the $23k/year contributions. Even at $15/hour, that's just annual gross income of $31k/year. That...
by hnzw rui
Mon Mar 21, 2016 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Is California income tax-friendly for early retirees?
Replies: 71
Views: 8177

Re: Is California income tax-friendly for early retirees?

I would find it very difficult to believe, based on tax structure and cost of living, that California was an ideal state to retire in. It may not be ideal but it's likely demonized worse than it actually is. Taxes and government subsidies depend on where you are on the payscale. Just as an example,...
by hnzw rui
Mon Mar 21, 2016 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: $1 Million+ Nest Egg From Less Than $100k Yearly Income
Replies: 45
Views: 9812

Re: $1 Million+ Nest Egg From Less Than $100k Yearly Income

Traditional 401 k + IRA @ 23k per year = 29 years of compounding at 3% real returns (my assumptions for a heavy equity portfolio). So I think this is doable for a lot of folks, sure not for a couple making minimum wage but you can tweak the assumptions a lot (lower the contributions, extend the tim...
by hnzw rui
Mon Mar 21, 2016 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Is California income tax-friendly for early retirees?
Replies: 71
Views: 8177

Re: Is California income tax-friendly for early retirees?

I am amazed at those with low utility bills in CA. My water bill varies from $350 to high $600s every two months (despite extreme conservation). I also pay trash pick up of $60/month. Electric bill is about $300/month (I just spent 27k to go solar due to this). I live in coastal San Diego and rarel...
by hnzw rui
Mon Mar 21, 2016 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Is California income tax-friendly for early retirees?
Replies: 71
Views: 8177

Re: Is California income tax-friendly for early retirees?

There are inexpensive areas in California. Problem is they're usually pretty far from where the jobs are (sometimes 2+ hour one-way commute because of traffic). If you're already retired and have no such requirement, you can find places with more reasonable prices and Prop 13 limits property tax inc...
by hnzw rui
Sat Mar 19, 2016 8:02 pm
Forum: Investing - Theory, News & General
Topic: "You Are Thinking About Risk All Wrong"
Replies: 26
Views: 3720

Re: "You Are Thinking About Risk All Wrong"

one things that's funny that i may post about here soon. i play around with a 100 year (or more) simulation based on historical average monthy return and STD and it is completely shocking to me how much different 2x100 year periods average return may be based on the SAME underlying "mean return" an...
by hnzw rui
Sat Mar 19, 2016 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Paid another's taxes, who gets the deduction?
Replies: 5
Views: 989

Re: Paid another's taxes, who gets the deduction?

You don't get the deduction, the owner does. You have only made a gift to him. Gill Thanks for the speedy reply! Now I have a sticky situation ... if I ask them if they took the deduction, they may think I'm reminding them that they owe me money, which I don't want to do... :/ I guess I'll just ass...
by hnzw rui
Sat Mar 19, 2016 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Millionaire Next Door and Budgeting
Replies: 81
Views: 11538

Re: Millionaire Next Door and Budgeting

Never really set a formal budget. Saved for retirement first, then spent as necessary for rent/mortgage, utilities, food, clothing, insurance. Anything left over was saved/invested. It works, you don't have to have a formal line by line budget like a public corporation does. +1 First, max out your ...
by hnzw rui
Sat Mar 19, 2016 5:29 pm
Forum: Investing - Help with Personal Investments
Topic: Target Date Fund vs. 3 Fund Portfolio
Replies: 45
Views: 15999

Re: Target Date Fund vs. 3 Fund Portfolio

Another vote for target date funds here. I have 95% of my retirement savings in Target 2040. My 457 is at Schwab and there's a $50 fee for purchasing funds not part of OneSource so what I do there is have new contributions auto-invested in Schwab Target 2040 (0.77% ER) and at end of year, transfer t...
by hnzw rui
Sat Mar 19, 2016 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: Health Care fund for Roth IRA
Replies: 5
Views: 724

Re: Health Care fund for Roth IRA

Given the $5,500 ($6,500 for 50+) limit, I reckon your best, least expensive option for a mutual fund is the actively managed Vanguard Health Care VGHCX ($3K minimum, 0.34% ER). If you're okay with the ETF route, the index-based Vanguard Health Care ETF VHT has ER of 0.09%. Alas, VG's mutual fund ve...
by hnzw rui
Fri Mar 18, 2016 8:01 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7350
Views: 1542560

Re: U.S. stocks in freefall

I have a strong gut feeling that all hell is about to break loose, but an equally strong gut feeling that everything is coming up roses. I guess I'll do nothing and see what happens. And this is why I'm so glad I switched from ETFs to mutual funds with automatic investing. I don't have to place buy...
by hnzw rui
Fri Mar 18, 2016 7:47 pm
Forum: Investing - Help with Personal Investments
Topic: Wellesly Income - Single Best Investment for not losing money in massive downturns, with upside? Better alternatives?
Replies: 39
Views: 5875

Re: Wellesly Income - Single Best Investment for not losing money in massive downturns, with upside? Better alternative

A lot of people like this fund as well as its counterpart Wellington. There are no guarantees that it can outperform in the future despite its stellar track record. I would be willing to take this kind of gamble though. Others prefer not to. I put my mom in 50/50 Wellesley/Target Income with no reb...
by hnzw rui
Fri Mar 18, 2016 7:36 pm
Forum: Investing - Help with Personal Investments
Topic: VGHAX (Vanguard Health)....whats up with that?
Replies: 17
Views: 4132

Re: VGHAX (Vanguard Health)....whats up with that?

I think the general assumption is that you would only invest in a sector fund if you were intimately familiar with the sector, and therefore people are surprised that you'd ask the question. Some of us do invest in sector funds without any special knowledge, but that's probably not a good idea. My ...
by hnzw rui
Fri Mar 18, 2016 7:22 pm
Forum: Investing - Help with Personal Investments
Topic: Wellesly Income - Single Best Investment for not losing money in massive downturns, with upside? Better alternatives?
Replies: 39
Views: 5875

Re: Wellesly Income - Single Best Investment for not losing money in massive downturns, with upside? Better alternative

Indeed, Wellesley Income did quite well during the downturn. That said, that probably owes more to the 65% holding in fixed income. https://www.portfoliovisualizer.com/backtest-portfolio?s=y&endDate=03%2F18%2F2016&allocation2_2=100&symbol4=VFITX&lastMonth=12&allocation4_3=65&symbol1=VWINX&endYear=20...
by hnzw rui
Fri Mar 18, 2016 5:39 pm
Forum: Investing - Help with Personal Investments
Topic: Quick question [Which Roth to contribute to?]
Replies: 16
Views: 1131

Re: Quick question [Which Roth to contribute to?]

Does wife work? Are you eligible for Savers Credit?
by hnzw rui
Fri Mar 18, 2016 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: giving car to child
Replies: 12
Views: 2438

Re: giving car to child

exoilman wrote:I am giving our car to one of our children. It's value is ~ 20k. Do I report as a gift or what do I do?

Thanks
Sam
Are you married? If so, you and your spouse can make gifts up to $28K ($14K each) without needing to report to the IRS.
by hnzw rui
Fri Mar 18, 2016 11:07 am
Forum: Investing - Help with Personal Investments
Topic: Worth having both 401k and 457 plans?
Replies: 7
Views: 917

Re: 401k and 457 plans - worth having both

What's the expense ratio on your fund options? If the fee per account is a flat $80 per year and ER for funds is relatively cheap (0.02-0.10 bp), I'd just keep both. The $160 per year will be a smaller and smaller percentage as your contributions and balance grow. Mind, I'd probably prioritize 457 o...