Search found 152 matches

by hafjell
Thu Dec 13, 2018 10:40 am
Forum: Investing - Help with Personal Investments
Topic: 529 with a Windfall
Replies: 12
Views: 838

Re: 529 with a Windfall

weirs wrote:
Thu Dec 13, 2018 10:28 am
Nice to see your real life example. Any thoughts on what to do with the 180K that can't be put in immediately?
Simple CD ladder. You need it in the next two years, no? I wouldn't put it in the market.
by hafjell
Thu Dec 13, 2018 9:28 am
Forum: Investing - Help with Personal Investments
Topic: 529 with a Windfall
Replies: 12
Views: 838

Re: 529 with a Windfall

I wanted to start three 529's for my kids who are 3,2,& almost 1 (all girls :shock: ) . I am looking into the different state options and being from PA i'm going to get the tax benefit. My thought was to contribute the max amount ~$30K for all three and then to repeat this process for the next 3 ye...
by hafjell
Tue Dec 11, 2018 11:01 am
Forum: Investing - Help with Personal Investments
Topic: Great Personal Loss – Guidance and Financial Questions
Replies: 36
Views: 4882

Re: Great Personal Loss – Guidance and Financial Questions

6. Generally speaking is there anything that I should watch out for and avoid or conversely ensure that I do so that I don’t cause myself headaches down the road? So sorry for your loss. This is not the time to entertain offers of financial help from "investors" or salesmen or family who may have a...
by hafjell
Fri Oct 05, 2018 9:25 am
Forum: Investing - Help with Personal Investments
Topic: New immigrant with complicated situation
Replies: 24
Views: 2778

Re: New immigrant with complicated situation

I Know our situation is very complicated. Nowadays in many parts of the world, there are other things than living wealthy. yes, we had very wealthy living with the best lifestyle in our country, but now it is challenging to live there any more. I will try my best to find a job at least at the lower...
by hafjell
Mon Sep 24, 2018 9:56 am
Forum: Investing - Help with Personal Investments
Topic: What to do with a windfall
Replies: 10
Views: 1534

Re: What to do with a windfall

Without getting into details of where the money is coming from, I'll be receiving a tax-free windfall of about $40k before the end of the year. I am engaged to be married next year and will be paying for wedding expenses along the way. What would you do? - Invest it into taxable funds, following my...
by hafjell
Fri Aug 24, 2018 12:42 pm
Forum: Investing - Help with Personal Investments
Topic: How to invest $2+ million?
Replies: 5
Views: 1043

Re: How to invest $2+ million?

You need accountants in both countries who are experienced with US-Italian dual citizens. Keep us posted, please.
by hafjell
Wed Aug 15, 2018 10:57 am
Forum: Investing - Help with Personal Investments
Topic: Windfall proceeds - what to do?
Replies: 16
Views: 1543

Re: Windfall proceeds - what to do?

RRB214 wrote:
Wed Aug 15, 2018 10:36 am
I (jokingly) tell my wife that if we have twins, we'll sell 1 to pay for the other. :D
She doesn't think I'm as funny as I do.
Ha!
by hafjell
Wed Aug 15, 2018 10:29 am
Forum: Investing - Help with Personal Investments
Topic: Windfall proceeds - what to do?
Replies: 16
Views: 1543

Re: Windfall proceeds - what to do?

If you keep saying you're only going to have one child, God is going to give you twins who ride horses competitively.
by hafjell
Thu Aug 09, 2018 8:18 am
Forum: Investing - Help with Personal Investments
Topic: Investing in France
Replies: 24
Views: 1771

Re: Investing in France

mattfr wrote:
Thu Aug 09, 2018 1:20 am
I have yet to find a similar resource with the IRS…
Ha!
by hafjell
Thu Aug 09, 2018 7:18 am
Forum: Investing - Help with Personal Investments
Topic: What to do with Whole Life Policy
Replies: 13
Views: 1055

Re: What to do with Whole Life Policy

Plus, for that amount of cash they probably could have bought a term policy with a much higher death benefit. This is often lost in the discussion of the confusing math on whole life policies. Assuming decent health, $1,000 per year buys you a lot more term. Yes, different products. But if you're b...
by hafjell
Tue Aug 07, 2018 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: Withdrawal rate with option to go back to work
Replies: 9
Views: 803

Re: Withdrawal rate with option to go back to work

How about a 20 year time frame? And two people who have always had more than enough work and often opted to reduce work? Health issues is a big one, but they could arise while working or not Fair, but, if working, presumably there would be long-term disability insurance through the employer that wo...
by hafjell
Tue Aug 07, 2018 9:43 am
Forum: Investing - Help with Personal Investments
Topic: managing funds after divorce settlement
Replies: 13
Views: 1696

Re: managing funds after divorce settlement

I would do this after buying a 25-30 year Term Life policy at a face amount that you deem appropriate. That frees up quite a bit of money to pay extra on your mortgage (est $5k+ per year). You didn't mention the amount of your emergency fund but you will want to make certain it is beefy now that yo...
by hafjell
Wed Jul 18, 2018 8:05 am
Forum: Investing - Help with Personal Investments
Topic: short-term treasuries for short-term savings?
Replies: 9
Views: 710

Re: short-term treasuries for short-term savings?

Desert wrote:
Wed Jul 18, 2018 7:22 am
If you have a Vanguard account, you could consider the Treasury Money Market Fund yielding 1.84%. That would give a combination of simplicity and the safety of treasuries.
Anything similar at Fidelity?
by hafjell
Fri Jun 08, 2018 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for US permanent resident with £50k GBP in the UK
Replies: 19
Views: 1815

Re: Advice for US permanent resident with £50k GBP in the UK

In the UK there's a minimum down payment on properties. You fall below that, you cannot actually buy. £21k = £210k of property (about USD 300k). UK lenders *would* consider the amount of student loan (interest & principal are held at source ie at your place of employment before the money hits your ...
by hafjell
Wed Jun 06, 2018 8:20 am
Forum: Investing - Help with Personal Investments
Topic: Advice for US permanent resident with £50k GBP in the UK
Replies: 19
Views: 1815

Re: Advice for US permanent resident with £50k GBP in the UK

+1. Between the FBAR for non-US accounts over $10000 and the fact that you're unlikely to beat 1.5% by much keeping the money in the UK (and you'll encounter a ~1% transfer fee in exchanging to USD, so you'd have to get 2.5%+ to make bringing it to the US and depositing a better option), just pay o...
by hafjell
Fri May 04, 2018 12:16 pm
Forum: Investing - Help with Personal Investments
Topic: Berkshire Hathaway B
Replies: 65
Views: 7268

Re: Berkshire Hathaway B

BRKB = 2.44% of portfolio. My only stock.
by hafjell
Fri May 04, 2018 9:20 am
Forum: Investing - Help with Personal Investments
Topic: Too much cash - what to do?
Replies: 16
Views: 2853

Re: Too much cash - what to do?

If you earmark $30K of that for the car you are going to buy then that leaves $90K. Maybe $40K of that would be your emergency fund so you would want to leave that in the savings account, or something similar. That leaves you $50K to to figure out what to do with. I would just use that for a larger...
by hafjell
Mon Feb 05, 2018 7:53 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalance after today's drop?
Replies: 32
Views: 5119

Re: Rebalance after today's drop?

Newbie question here: After today's drop, I'm reading of some people rebalancing to a higher bond allocation. Is rebalancing during a drop considered a deviation of "stay the course?" Or is "stay the course" aimed at those wanting to sell? I'm currently at 60/40 and a little bummed out after today,...
by hafjell
Fri Jan 19, 2018 3:46 pm
Forum: Investing - Help with Personal Investments
Topic: Lost Job. Retirement/Portfolio Advice
Replies: 46
Views: 5004

Re: Lost Job. TIAA CREF Retirement/Portfolio Advice

Advice requested about TIAA CREF (see portfolio). Should I move it to a brokerage house or leave it? After a job change and a retirement plan provider change, we moved everything from TIAA-Cref to Fidelity except the Traditional. We got similar exposure to equity markets with dirt-cheap index funds...
by hafjell
Thu Jan 11, 2018 9:06 am
Forum: Investing - Help with Personal Investments
Topic: 25 Year Old Retiring Extremely Early-Domestic Wellesley or Half Global, Half Domestic Wellesley Better for my Bonds?
Replies: 55
Views: 7965

Re: 25 Year Old Retiring Extremely Early-Domestic Wellesley or Half Global, Half Domestic Wellesley Better for my Bonds?

I am seriously surprised at the pessimism on a 7 figure sum. I could work 5 more years (to 35) and reach 2M but that seems overkill and I'm not sure my work situation will last so long. I live in SE Asia. You could live like a king here for 1k/month. No need to go to war torn countries for saving m...
by hafjell
Wed Jan 10, 2018 11:00 am
Forum: Investing - Help with Personal Investments
Topic: 25 Year Old Retiring Extremely Early-Domestic Wellesley or Half Global, Half Domestic Wellesley Better for my Bonds?
Replies: 55
Views: 7965

Re: 25 Year Old Retiring Extremely Early

In five years you will (likely) be a completely different person with completely different concerns.
Stay the course. Sock money away. Revisit in five years if you don't have a spouse and kids who help you decide to keep working.
by hafjell
Tue Nov 28, 2017 9:41 am
Forum: Investing - Help with Personal Investments
Topic: Can I afford a $1,400,000 house
Replies: 93
Views: 11214

Re: Can I afford a $1,400,000 house

If you buy the house, you are effectively trading your wife's time with your children for a big house. I wouldn't do that.
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: 4999

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: 4999

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: 878

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: 878

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: 878

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: 878

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: 878

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: 2895

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: 1382

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: 1571

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: 1571

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: 1576

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: 1571

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: 9756

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: 9756

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: 9756

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: 9756

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: 1839

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: 10801

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: 10801

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: 20012

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: 10801

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: 10801

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: 24860

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: 24860

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: 1824

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.