Search found 8857 matches

by KlangFool
Sun Jun 24, 2018 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE thought experiment
Replies: 16
Views: 1013

Re: FIRE thought experiment

OP, 1) Both my older brother and older sister early retired at 49 years old. They traveled all over the world with my cousins, uncles, and aunties. 2) I was unemployed for more than 1 year a few times. I do not feel guilty not working. The stress is coming from not having enough money. If I have eno...
by KlangFool
Sun Jun 24, 2018 6:25 pm
Forum: Investing - Help with Personal Investments
Topic: So much angst
Replies: 39
Views: 2501

Re: So much angst

billthecat, My point is this. Those questions and answers are more important than the AA and/or target date funds. If you are satisfied with those answers, any target date funds with AA between 70/30 and 30/70 will work. If not, your AA would not matter anyhow. For my own personal planning: A) I as...
by KlangFool
Sun Jun 24, 2018 5:39 pm
Forum: Investing - Help with Personal Investments
Topic: So much angst
Replies: 39
Views: 2501

Re: So much angst

billthecat, << The only way to maximize preparation for every unknown would be to work until the day you die. No thanks. >> Yes, that is true. But, there is a middle ground. There is a difference between assuming everything goes well. 1A) Fully employed between now (49) and 67 years old -> 18 years...
by KlangFool
Sun Jun 24, 2018 5:02 pm
Forum: Investing - Help with Personal Investments
Topic: So much angst
Replies: 39
Views: 2501

Re: So much angst

I've done the modeling on cfiresim, Schwab.com, firecalc, my 401K, and everything says I won't run out of money spending double what I spend today. billthecat, 1) Your modeling is only as good as your assumptions. You are 49 years old now. Are you going to be fully employed until 62/65/67 years old...
by KlangFool
Sun Jun 24, 2018 4:39 pm
Forum: Investing - Theory, News & General
Topic: Hidden Index Bubble - I'd love to hear some thoughts!
Replies: 27
Views: 1660

Re: Hidden Index Bubble - I'd love to hear some thoughts!

Folks,

Some people use S&P 500 Index as a strawman argument. But, the whole argument could be destroyed if we invest in the total stock market index fund. So, why do we need to discuss further? Do I miss anything?

KlangFool
by KlangFool
Sun Jun 24, 2018 3:49 pm
Forum: Investing - Help with Personal Investments
Topic: So much angst
Replies: 39
Views: 2501

Re: So much angst

I've done the modeling on cfiresim, Schwab.com, firecalc, my 401K, and everything says I won't run out of money spending double what I spend today. billthecat, 1) Your modeling is only as good as your assumptions. You are 49 years old now. Are you going to be fully employed until 62/65/67 years old...
by KlangFool
Sun Jun 24, 2018 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: Hitting your number---Now What?
Replies: 16
Views: 1559

Re: Hitting your number---Now What?

2015 wrote:
Sun Jun 24, 2018 3:13 pm
Before enlightenment, chop wood carry water. After enlightenment, chop wood carry water.

Stay the course.
+1.

KlangFool
by KlangFool
Sat Jun 23, 2018 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Laid off and need some advice on steps forward
Replies: 12
Views: 977

Re: Laid off and need some advice on steps forward

OP, 1) I was a product manager for 5+ years. I am no longer a product manager. I am a network architect now. Safer bet in my opinion. Product management is way too political for me as you mention. I come from a software engineering background. 2) What kind of product manager are you? A) Inward faci...
by KlangFool
Sat Jun 23, 2018 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Laid off and need some advice on steps forward
Replies: 12
Views: 977

Re: Laid off and need some advice on steps forward

OP,

Exercise regularly to relieve the stress. Have a consistent daily routine for your exercise. I cycled 10 to 20 miles every day while I was unemployed.

KlangFool
by KlangFool
Sat Jun 23, 2018 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Laid off and need some advice on steps forward
Replies: 12
Views: 977

Re: Laid off and need some advice on steps forward

OP, 1) I was a product manager for 5+ years. I am no longer a product manager. I am a network architect now. 2) What kind of product manager are you? A) Inward facing product manager / Product Line Manager -> The product manager that define feature and drive engineering to implement the product. B) ...
by KlangFool
Fri Jun 22, 2018 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: What do we mean when we say "HCOL vs LCOL" location?
Replies: 34
Views: 2094

Re: What do we mean when we say "HCOL vs LCOL" location?

OP, In my opinion, HCOL is the word that someone used to overspend on the house and be "House Poor". This word always shows up when someone wants to buy an expensive house. KlangFool Not always true. 699k for 2800 sqft is HCOL when the same houses could be had for 340k in another area. I've been in...
by KlangFool
Fri Jun 22, 2018 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 155
Views: 10342

Re: What is/ was your career and would you recommend it now?

OP, I believe the concept of career is out-dated. I believe in the capability/skill inventory model. I am an individual with a certain set of skills/capabilities. I traded my service for money. It could be with an employer and/or independent consulting. 1) I had a series of jobs: Software Engineer, ...
by KlangFool
Fri Jun 22, 2018 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: What do we mean when we say "HCOL vs LCOL" location?
Replies: 34
Views: 2094

Re: What do we mean when we say "HCOL vs LCOL" location?

OP,

In my opinion, HCOL is the word that someone used to overspend on the house and be "House Poor". This word always shows up when someone wants to buy an expensive house.

KlangFool
by KlangFool
Fri Jun 22, 2018 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 126
Views: 12384

Re: Can you retire on $2M?

I don't think that's true at all. Certainly it is possible. The median FAMILY income is what, 55k or something? A good reference for this is Table 1 on page 6 of this annual Census publication (for 2016) . This table indicates that in 2016, median household income in the United States was $59k per ...
by KlangFool
Fri Jun 22, 2018 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 126
Views: 12384

Re: Can you retire on $2M?

OP,

I could. My annual expense including the mortgage is 60K per year.

KlangFool
by KlangFool
Fri Jun 22, 2018 7:51 am
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 107
Views: 7837

Re: Did you celebrate when you finally hit $1m?

OP,

I celebrated by donating money to my university.

KlangFool
by KlangFool
Thu Jun 21, 2018 4:47 pm
Forum: Investing - Help with Personal Investments
Topic: 401k/Roth 401K split
Replies: 5
Views: 468

Re: 401k/Roth 401K split

I have a separate Roth IRA I contribute to when I have the extra cash that year which is at $7k. Mjar, Why would you contribute to Roth 401K when you can A) Contribute to the Trad. 401K B) Put the tax savings into Roth IRA. This gives you the best of both worlds: tax-deferred and Roth. Contributing...
by KlangFool
Thu Jun 21, 2018 1:24 pm
Forum: Investing - Help with Personal Investments
Topic: Where to invest $50K+ down payment money for five years?
Replies: 68
Views: 5256

Re: Where to invest $50K+ down payment money for five years?

What would really happen: Your emergency fund would remain at 60k and you would save for 1 year into a 80k short-term savings pot which you would spend on the not-an-emergency expected event of a house payment. triceratop, My point is simply this. Why would this person need to save 80K a few years ...
by KlangFool
Thu Jun 21, 2018 1:09 pm
Forum: Investing - Help with Personal Investments
Topic: Where to invest $50K+ down payment money for five years?
Replies: 68
Views: 5256

Re: Where to invest $50K+ down payment money for five years?

My emergency fund is 60K. My annual saving is about 60K. I would not buy a house costs more than 400K. So, my 20% down payment is about 80K. Why do I need to save for a house down payment? I don't. Between my emergency fund and my annual savings, I have enough money for a house down payment. An eme...
by KlangFool
Thu Jun 21, 2018 12:54 pm
Forum: Investing - Help with Personal Investments
Topic: Where to invest $50K+ down payment money for five years?
Replies: 68
Views: 5256

Re: Where to invest $50K+ down payment money for five years?

"Saving for a home and saving for retirement are two different things. A primary difference is the point in time when you want your money back. When you are ready to buy the home you will want to make sure all the money is still there maybe a few years from now. Retirement money is slowly spent ove...
by KlangFool
Thu Jun 21, 2018 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: Where to invest $50K+ down payment money for five years?
Replies: 68
Views: 5256

Re: Where to invest $50K+ down payment money for five years?

My emergency fund is 60K. My annual saving is about 60K. I would not buy a house costs more than 400K. So, my 20% down payment is about 80K. Why do I need to save for a house down payment? I don't. Between my emergency fund and my annual savings, I have enough money for a house down payment. An eme...
by KlangFool
Thu Jun 21, 2018 12:02 pm
Forum: Investing - Help with Personal Investments
Topic: Where to invest $50K+ down payment money for five years?
Replies: 68
Views: 5256

Re: Where to invest $50K+ down payment money for five years?

"Saving for a home and saving for retirement are two different things. A primary difference is the point in time when you want your money back. When you are ready to buy the home you will want to make sure all the money is still there maybe a few years from now. Retirement money is slowly spent ove...
by KlangFool
Thu Jun 21, 2018 8:02 am
Forum: Investing - Theory, News & General
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 518
Views: 31875

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

It all depends on the individual. Personally I am in the lowest tax bracket right now so I have no incentive to load up a 401k or tax deferred account. I have incentive to load up my roth account first and then other accounts. I also like the idea of having all the money that is in the account bein...
by KlangFool
Wed Jun 20, 2018 7:12 pm
Forum: Investing - Help with Personal Investments
Topic: Selling Amazon?
Replies: 17
Views: 1221

Re: Selling Amazon?

Long story short we have some individual stocks ±2000-5000 in I plan on selling most of them but was planning on keeping my biggest loser (GE) as a cautionary tale since it's worth very little now. But looking at selling Amazon, I have literally doubled my money since buying it and I really believe...
by KlangFool
Wed Jun 20, 2018 6:23 pm
Forum: Personal Consumer Issues
Topic: What will (or would) you tip when wages go up?
Replies: 53
Views: 3283

Re: What will (or would) you tip when wages go up?

Unless there is a service fee, 15%.

KlangFool
by KlangFool
Wed Jun 20, 2018 4:08 pm
Forum: Investing - Help with Personal Investments
Topic: Selling Amazon?
Replies: 17
Views: 1221

Re: Selling Amazon?

Long story short we have some individual stocks ±2000-5000 in I plan on selling most of them but was planning on keeping my biggest loser (GE) as a cautionary tale since it's worth very little now. But looking at selling Amazon, I have literally doubled my money since buying it and I really believe...
by KlangFool
Tue Jun 19, 2018 10:29 pm
Forum: Personal Consumer Issues
Topic: gray hair
Replies: 129
Views: 7405

Re: gray hair

Folks,

Due to the family gene, males in my family have gray hair from an early age. My son has some gray hairs since 4 years old.

KlangFool
by KlangFool
Tue Jun 19, 2018 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Do you think it is smart to disclose that you have passive investments to other people?
Replies: 43
Views: 4166

Re: Do you think it is smart to disclose that you have passive investments to other people?

Thank you guys for your responses. I can see the potential downsides and that it would be better just building trust/loyalty by focusing on what makes you serve your clients best. I see your OP being somewhat true in young entrepreneurs (under 30?). For example, my wife is a web developer who has m...
by KlangFool
Tue Jun 19, 2018 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Do you think it is smart to disclose that you have passive investments to other people?
Replies: 43
Views: 4166

Re: Do you think it is smart to disclose that you have passive investments to other people?

AlohaJoe wrote:
Tue Jun 19, 2018 2:23 am
I don't think it is smart. I don't think it would build trust. I can't imagine anyway this would come up in the normal course of business.
+1,000. I would rather not have to deal with this kind of person. In my opinion, this is highly unprofessional.

KlangFool
by KlangFool
Mon Jun 18, 2018 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Would you pay off mortgage in my situation?
Replies: 31
Views: 2493

Re: Would you pay off mortgage in my situation?

Net worth is 300K only. If I pay off house fully, then it will be 50% of my total net worth. Asset allocation in my tax advantaged accounts (including 403(b), 457, Roth and HSA) is 60:30:10 (stocks:bonds:cash) OP, 1) What is your net worth besides the house? Would you put too much your eggs into th...
by KlangFool
Mon Jun 18, 2018 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Would you pay off mortgage in my situation?
Replies: 31
Views: 2493

Re: Would you pay off mortgage in my situation?

OP, 1) What is your net worth besides the house? Would you put too much your eggs into the house basket if you pay off the house? 2) What is your Asset Allocation? You could invest that 130K based on your AA. Put that 130K into the 100% stock index fund and adjust your tax-deferred account investmen...
by KlangFool
Mon Jun 18, 2018 10:31 am
Forum: Investing - Help with Personal Investments
Topic: Young and rich
Replies: 33
Views: 5164

Re: Young and rich

OP,

You are rich if you do not live in California. So, do you really want to commit to staying in California by buying an expensive house in California? Think about this before you buy the house.

KlangFool
by KlangFool
Mon Jun 18, 2018 10:28 am
Forum: Investing - Help with Personal Investments
Topic: Young and rich
Replies: 33
Views: 5164

Re: Young and rich

That puts us about 67% invested. Eventually I hope to put about $250k into a house but that's probably 2-5 years away. afoolwithmoney, What is your budget for the house? 1 million? 2 million? California is a non-recourse loan state. You can walk away from the house if it is underwater. Do you reall...
by KlangFool
Mon Jun 18, 2018 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Sanity Check on House Purchase
Replies: 13
Views: 1678

Re: Sanity Check on House Purchase

OP,

1) What is your net worth excluding the house?

2) What is the size of your emergency fund?

KlangFool
by KlangFool
Sun Jun 17, 2018 8:52 pm
Forum: Investing - Theory, News & General
Topic: What do you sell after the emergency fund?
Replies: 25
Views: 1494

Re: What do you sell after the emergency fund?

I’d sell whatever was in my taxable account since I wouldn’t pull money out of a tax deferred account. Since I only have stock mutual funds and ETFs in my taxable account, it would have to be stocks. Next I’d move to Roth IRA contributiuons, and finally penalty withdrawals from tax sheltered accoun...
by KlangFool
Sun Jun 17, 2018 8:25 pm
Forum: Investing - Theory, News & General
Topic: What do you sell after the emergency fund?
Replies: 25
Views: 1494

Re: What do you sell after the emergency fund?

I’d sell whatever was in my taxable account since I wouldn’t pull money out of a tax deferred account. Since I only have stock mutual funds and ETFs in my taxable account, it would have to be stocks. Next I’d move to Roth IRA contributiuons, and finally penalty withdrawals from tax sheltered accoun...
by KlangFool
Sun Jun 17, 2018 7:02 pm
Forum: Investing - Theory, News & General
Topic: What do you sell after the emergency fund?
Replies: 25
Views: 1494

Re: What do you sell after the emergency fund?

Klang, For me, it would depend on my age. Is there a reasonable expectation that you can recoup any losses? During a brutal bear market, you're probably going to have a precipitous decline in your stock:bond ratio (unless there's also some sort of inflationary conflagration that causes your bond ho...
by KlangFool
Sun Jun 17, 2018 6:33 pm
Forum: Investing - Theory, News & General
Topic: What do you sell after the emergency fund?
Replies: 25
Views: 1494

Re: What do you sell after the emergency fund?

^ During an equity market swoon, I'd hope that a reasonable investor would not have to sell equities. However, I remember during the 2008-2009 meltdown, there were posters here who were too heavily invested in equities AND were forced to sell because they had literally nowhere else to get their liv...
by KlangFool
Sun Jun 17, 2018 6:30 pm
Forum: Investing - Theory, News & General
Topic: What do you sell after the emergency fund?
Replies: 25
Views: 1494

Re: What do you sell after the emergency fund?

I would have to consider a change to my IPS, as not having a job would change my need, ability, and willingness to take risk. My inclination would be to spend from bond but don't rebalance to my original allocation until I have a job. Also, I would mow lawns or drive Uber to cover expenses if I cou...
by KlangFool
Sun Jun 17, 2018 6:21 pm
Forum: Investing - Theory, News & General
Topic: What do you sell after the emergency fund?
Replies: 25
Views: 1494

Re: What do you sell after the emergency fund?

Klang, For me, it would depend on my age. Is there a reasonable expectation that you can recoup any losses? During a brutal bear market, you're probably going to have a precipitous decline in your stock:bond ratio (unless there's also some sort of inflationary conflagration that causes your bond ho...
by KlangFool
Sun Jun 17, 2018 6:11 pm
Forum: Investing - Theory, News & General
Topic: What do you sell after the emergency fund?
Replies: 25
Views: 1494

Re: What do you sell after the emergency fund?

If I was 60/40 and needed or wanted to sell, the fact that I just sold something wouldn't change what my desired asset allocation is. stlutz, I do not understand your post. A) Do you rebalance after the 50% drop and you are unemployed? B) Subsequently, if you need to sell for your monthly expense, ...
by KlangFool
Sun Jun 17, 2018 5:16 pm
Forum: Investing - Theory, News & General
Topic: What do you sell after the emergency fund?
Replies: 25
Views: 1494

What do you sell after the emergency fund?

Folks, Let's assume the following scenario, recession hits, and the stock market drops 50%. Then, you are unemployed. You used up your emergency fund. Now, you have to use your portfolio to feed your family. What do you sell next? For those that are 100/0 or 0/100, the answer is obvious. You either ...
by KlangFool
Sun Jun 17, 2018 4:52 pm
Forum: Investing - Help with Personal Investments
Topic: Can we afford to drop our 401k contributions to pay for college?
Replies: 17
Views: 2000

Re: Can we afford to drop our 401k contributions to pay for college?

OP. I am a bit confused by your post. You are 54 years old. In 10 years when your kid goes to college, you will be 64 years old. So, you could withdraw IRA/401K penalty-free at that time. Am I wrong in thinking this way? The problem with dropping 401K contribution is you will be paying a lot more ta...
by KlangFool
Sun Jun 17, 2018 7:10 am
Forum: Investing - Theory, News & General
Topic: Why is risk adjusted return important?
Replies: 35
Views: 2496

Re: Why is risk adjusted return important?

The first question that you should ask is what is Risk. Risk, in this case, means that you cannot reach your financial goal. So, unless and until you define your financial goals and let us know what they are, we cannot discuss whether risk-adjusted return matters to you. My definition of risk: I wo...
by KlangFool
Sat Jun 16, 2018 5:33 pm
Forum: Personal Consumer Issues
Topic: Standard buyer's remorse or poorly timed enlightenment?
Replies: 40
Views: 3484

Re: Standard buyer's remorse or poorly timed enlightenment?

My wife and I both work. Together we make about 180K/yr Sport014, 1) You bought the house. Even if you want to sell the house, it will take a while. So, take a deep breath and go over the numbers. 2) The numbers A) What is your net worth? B) What is your annual expense? C) What is your annual savin...
by KlangFool
Sat Jun 16, 2018 7:15 am
Forum: Investing - Help with Personal Investments
Topic: Which way to save for my child?
Replies: 32
Views: 1834

Re: Which way to save for my child?

1) Unless you are very certain that you will not be early retired (voluntary or involuntary) while the kids go to college. No 529 and no UTMA. Aka, no account under your child's name. Those accounts will hurt your kid's chance of receiving a financial aid. So, put the money in your own tax-advantag...
by KlangFool
Fri Jun 15, 2018 9:18 pm
Forum: Investing - Help with Personal Investments
Topic: Where to invest $50K+ down payment money for five years?
Replies: 68
Views: 5256

Re: Where to invest $50K+ down payment money for five years?

1. My portfolio size meaning all of my investments? If so I have a 401K, max out Roth, and about 22K in Vanguard Index Funds and about 3k in Vanguard Total Bond Fund (all held outside of retirement). I also have the $50K currently in a money market account earning 1.6%. $15-20K of this is my emerge...
by KlangFool
Fri Jun 15, 2018 8:41 pm
Forum: Investing - Help with Personal Investments
Topic: Where to invest $50K+ down payment money for five years?
Replies: 68
Views: 5256

Re: Where to invest $50K+ down payment money for five years?

I’m just going to contribute to that amount since I am indecisive. What I do know for sure is I want a house, and I want to buy it in 2-5 years. I also want enough money liquid so should I decide to buy in two years, I have over 50K ready to go. Should I decide to buy in five years, I’ll have well ...
by KlangFool
Fri Jun 15, 2018 8:16 pm
Forum: Investing - Help with Personal Investments
Topic: Where to invest $50K+ down payment money for five years?
Replies: 68
Views: 5256

Re: Where to invest $50K+ down payment money for five years?

Not sure what you mean. I already have $50K saved in money market account. Can you elaborate a little on what you’re getting at? Jesteroftheswamp, For example, if your annual saving is 50K, why do you do need to save 50K and wait 5 years for the house down payment? If and when you want to buy a hou...