Search found 351 matches

by Misenplace
Sun Apr 21, 2019 2:07 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford a $1mil home?
Replies: 53
Views: 6408

Re: Can we afford a $1mil home?

It looks like the PITI for a $1M home with a 20% down payment is a very reasonable fraction of your income. You will have to judge how secure that income is. Wife and I bought a $900K home in the Bay Area in 2012. That was a bit of a pill to swallow, having moved from out of the area. Today it is w...
by Misenplace
Sat Apr 20, 2019 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: What is the Magic Formula for when One can RETIRE ?
Replies: 20
Views: 2229

Re: What is the Magic Formula for when One can RETIRE ?

This topic has been moved to the Personal Finance forum and locked pending review.

Moderator Misenplace
by Misenplace
Sat Apr 20, 2019 11:25 am
Forum: Investing - Theory, News & General
Topic: This could be the biggest risk that retirees face?
Replies: 117
Views: 7884

Re: This could be the biggest risk that retirees face?

This thread has run its course and is locked (topic exhausted). See: Locked Topics Moderators or site admins may lock a topic (set it so no more replies may be added) when a violation of posting policy has occurred. Occasionally, even if there are no overt violations of posting policy, a topic (or ...
by Misenplace
Sat Apr 20, 2019 8:59 am
Forum: Personal Investments
Topic: Portfolio Review Request
Replies: 5
Views: 374

Re: Portfolio Review Request

This topic is now in the Personal Investments forum
Moderator Misenplace



Welcome to the forum flyingcows!
by Misenplace
Fri Apr 19, 2019 7:49 pm
Forum: Personal Consumer Issues
Topic: Aloft Tampa Downtown-Late April 4 nights
Replies: 3
Views: 373

Re: Aloft Tampa Downtown-Late April 4 nights

This topic is now in the forum Personal Consumer Issues.
Moderator Misenplace
by Misenplace
Wed Apr 17, 2019 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security - How Secure?
Replies: 28
Views: 1454

Re: Social Security - How Secure?

This thread has run its course and is locked (conjecture on the future of Social Security, topic exhausted - no added value to continue). Changes in Social Security require changes in US law, a political process. As a reminder, see: Unacceptable Topics Politics and Religion In order to avoid the in...
by Misenplace
Wed Apr 17, 2019 2:31 pm
Forum: Personal Consumer Issues
Topic: seriously thinking about leaving S. CA but where to?
Replies: 177
Views: 9646

Re: seriously thinking about leaving S. CA but where to?

This topic has run its course and has been locked. Also, several posts veered political which is a violation of forum policies.
rules
by Misenplace
Tue Apr 16, 2019 12:17 am
Forum: Personal Investments
Topic: Converting to BH philosophies...suggestions?
Replies: 10
Views: 1106

Re: Converting to BH philosophies...suggestions?

Ah, just noticed your questions- we all seemed to miss them first time around. Question 1 I think we already commented upon. Question 2, that seems fine places for emergency fund. I expect you will be spending that down over the next couple years. Question 3- definitely look, right away (I think the...
by Misenplace
Tue Apr 16, 2019 12:03 am
Forum: Personal Investments
Topic: Converting to BH philosophies...suggestions?
Replies: 10
Views: 1106

Re: Converting to BH philosophies...suggestions?

Welcome to the forum. Well done on your planning and saving so far. Here are a few comments for your consideration. You didn’t list what other options you have in your 401k, but the only good fund you mentioned was the Fidelity 500 Index fund. The other ones were awful- what do you have in the bond ...
by Misenplace
Sat Apr 13, 2019 5:09 pm
Forum: Personal Investments
Topic: Update: 35 y/o Portfolio Review (new to investing)
Replies: 15
Views: 2449

Re: Update: 35 y/o Portfolio Review (new to investing)

Again, great job cleaning up the mess. I mostly agree with ruralavalon, but have a couple of points to make about the reinvesting dividends issue in case you decide to do tax loss harvesting (since in your initial post you seemed to want to do that- or at least that was the incentive for trying out ...
by Misenplace
Sat Apr 13, 2019 12:29 am
Forum: Personal Investments
Topic: Update: 35 y/o Portfolio Review (new to investing)
Replies: 15
Views: 2449

Re: Update: 35 y/o Portfolio Review (new to investing)

Just wanted to say, welcome back, and you seem to have done an admirable job cleaning up your portfolio and setting yourself up for success. Others may chime in, but I promise to look more closely this weekend. It’s Friday night and I never give advice after :sharebeer .
by Misenplace
Thu Apr 11, 2019 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford a $1mil home?
Replies: 53
Views: 6408

Re: Can we afford a $1mil home?

It looks like the PITI for a $1M home with a 20% down payment is a very reasonable fraction of your income. You will have to judge how secure that income is. Wife and I bought a $900K home in the Bay Area in 2012. That was a bit of a pill to swallow, having moved from out of the area. Today it is w...
by Misenplace
Mon Apr 08, 2019 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: After importing 1099-DIVs and 1099-Rs, what do you "clean up"?
Replies: 8
Views: 825

Re: After importing 1099-DIVs and 1099-Rs, what do you "clean up"?

Check that the qualified dividends are actually qualified for your holding period? The fund, not the taxpayer, would need to hold dividend-paying assets for over a year. But I recently read the fund (and the taxpayer) would have had to hold the security in the fund for 60 days before the x-dividend...
by Misenplace
Mon Apr 08, 2019 9:18 am
Forum: Personal Finance (Not Investing)
Topic: After importing 1099-DIVs and 1099-Rs, what do you "clean up"?
Replies: 8
Views: 825

Re: After importing 1099-DIVs and 1099-Rs, what do you "clean up"?

Check that the qualified dividends are actually qualified for your holding period?
by Misenplace
Mon Apr 08, 2019 12:00 am
Forum: Personal Finance (Not Investing)
Topic: In Need of Guidance - Relocating To Another State / Retirement
Replies: 11
Views: 1290

Re: In Need of Guidance - Relocating To Another State / Retirement

You are welcome. For us, the advantages of the expat becoming a US citizen outweighed anything else. After all, we were only able to earn what we did by being here and, as Warren Buffet says “winning the ovarian lottery.”

Be sure to check out the estate planning issues as well.
by Misenplace
Sun Apr 07, 2019 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: In Need of Guidance - Relocating To Another State / Retirement
Replies: 11
Views: 1290

Re: In Need of Guidance - Relocating To Another State / Retirement

Good that you have a CPA who is keeping you in compliance with those laws. I was not implying putting that saved cash in a pretax retirement account. You can have a taxable investment account invested for retirement as well as pretax 401k, IRA, 403b, etc. Consider it all one pot of saving for retire...
by Misenplace
Sun Apr 07, 2019 12:42 am
Forum: Personal Finance (Not Investing)
Topic: In Need of Guidance - Relocating To Another State / Retirement
Replies: 11
Views: 1290

Re: In Need of Guidance - Relocating To Another State / Retirement

Welcome to the forum. Be sure you are complying with the disclosure laws on ex-US accounts. Any amounts over 10k in foreign accounts (aggregating ALL accounts) triggers disclosure obligations. FBAR and FATCA. Does the name Paul Manafort ring a bell? You don’t want to overlook these laws. Read the wi...
by Misenplace
Sun Mar 31, 2019 11:28 pm
Forum: Personal Investments
Topic: 33 and finally broke down my portfolio - lots of newb questions! :-)
Replies: 13
Views: 1100

Re: 33 and finally broke down my portfolio - lots of newb questions! :-)

And a lot of times it’s the default. Which I just learned when taking over an elderly relative’s investments.
by Misenplace
Sun Mar 31, 2019 11:14 pm
Forum: Personal Investments
Topic: 33 and finally broke down my portfolio - lots of newb questions! :-)
Replies: 13
Views: 1100

Re: 33 and finally broke down my portfolio - lots of newb questions! :-)

Wait. So, if he reinvests Vanguard share dividends, he still has to pay tax for dividends, right? Why would he turn off reinvestment of dividends ( which is useful for increasing cost basis )? Does that prevent paying taxes of Vanguard share dividends? Also, is the scenario any different for indivi...
by Misenplace
Sat Mar 30, 2019 5:46 pm
Forum: Personal Investments
Topic: Asset allocation using Portfolio Question format
Replies: 4
Views: 342

Re: Asset allocation using Portfolio Question format

Welcome to the forum! You are doing well, maxing out your 401(k), and thinking of the future. Kudos to you. Asset allocation is a very individual decision. At your age, anything from 70% to 90% equities makes sense. It sounds as if you are on the conservative side. Vanguard has a nice questionnaire ...
by Misenplace
Fri Mar 29, 2019 11:38 pm
Forum: Personal Finance (Not Investing)
Topic: Stock Options
Replies: 21
Views: 1592

Re: Stock Options

Cipro wrote:
Fri Mar 29, 2019 3:25 pm
Just to update board. Sold $1.1 MM of company stock over past 3 days and it feels great!! Glad to have turned theoretical long term pay incentive into real money.
Bird in hand is worth two in the bush. Congratulations!🎈🍾🎉🎊
Now don’t look back and invest the Boglehead way.
by Misenplace
Fri Mar 29, 2019 12:30 am
Forum: Personal Finance (Not Investing)
Topic: 11-year old with iPhone - advice on how best to manage?
Replies: 68
Views: 4276

Re: 11-year old with iPhone - advice on how best to manage?

We started getting the pressure for a phone in grammar school. I noted the only kids that had cell phones, had divorced parents. So, no cell phone from us. When we finally gave in, in HS, the rule was no WiFi after a certain time, and NO screens whatsoever in the bedroom. It was a struggle. Whenever...
by Misenplace
Thu Mar 28, 2019 11:05 pm
Forum: Personal Consumer Issues
Topic: High School Senior Pictures
Replies: 91
Views: 4630

Re: High School Senior Pictures

We were lucky, we had a close friend who was an amateur photographer and who has known our child forever. At our child’s request, he did a photo shoot, took the photos and provided us with a couple of awesome shots. Our kid loved them, and has used them for various needs (Facebook, linked in, etc.)....
by Misenplace
Fri Mar 22, 2019 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Stock Options
Replies: 21
Views: 1592

Re: Stock Options

Thanks for your reply not4me, now I see better what you were thinking. Agree that in practice, it may be hard to determine price a and b. However, the put/call seems like a valid strategy for someone young who still has significant human capital still in front of them. If I were in OP’s case, I woul...
by Misenplace
Wed Mar 20, 2019 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Stock Options
Replies: 21
Views: 1592

Re: Stock Options

You seem to indicate you are a little over half way to your preferred retirement goal with 2-3 years left, although this might get you a little over your low end goal. From a fed tax view, selling immediately would put you in the highest bracket & might result in 5%+ of overall in extra taxes. Inst...
by Misenplace
Wed Mar 20, 2019 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Stock Options
Replies: 21
Views: 1592

Re: Stock Options

Are you so bullish that you would buy 1.3 M of former company stock? Because that is essentially what you are doing by holding it and not diversifying. Also, one could consider that you are not really 50:50 anymore with 1.3 M of pretax dollars in a single stock. Diversification is the only free lunc...
by Misenplace
Sun Mar 17, 2019 11:03 am
Forum: Personal Investments
Topic: Financial Planner/Fiduciary and Value--FOMO
Replies: 11
Views: 942

Re: Financial Planner/Fiduciary and Value--FOMO

One additional point to OP-you appear to be calculating future portfolio amounts after assuming 6% return over 10 years. Are you also calculating future expenses using assumptions about inflation? +1 to cherjoh’s points about maximizing contributions to TSP/TSP Roth (you have the over 50 y.o. catch ...
by Misenplace
Fri Mar 15, 2019 2:15 pm
Forum: Personal Investments
Topic: Help with Deferred Compensation Account Asset Allocation
Replies: 10
Views: 555

Re: Help with Deferred Compensation Account Asset Allocation

I used an executive Deferred Compensation Plan (DCP) to save for early retirement (and just pulled the 3rd out of 10 installments yearly installments since I retired 3 years ago), but I agree with Corn18 that you should max out all other tax advantaged space before you take advantage of it. There ar...
by Misenplace
Thu Mar 14, 2019 12:27 am
Forum: Personal Finance (Not Investing)
Topic: Should I give more money to a family member?
Replies: 107
Views: 6315

Re: Should I give more money to a family member?

Goodness gracious, what drama. We don’t have the complete story, but I can tell now that 69k will be a rounding error in OP’s portfolio in 10 years. And OP has only 2 sisters. Get some therapy and get over it. Not sure what else this thread can do.
by Misenplace
Sun Mar 10, 2019 1:09 am
Forum: Personal Finance (Not Investing)
Topic: What are your personal experiences with downside of early retirement?
Replies: 69
Views: 10089

Re: What are your personal experiences with downside of early retirement?

This is more in line with the OPs post, and not written with any intended ego. When I retired from the Army In 2008, i felt two emotions - one a combination of joy and relief as I’d used up 8 of my 9 lives in combat, and unexpectedly the othe was being shocked that the Army was letting me go at the...
by Misenplace
Sat Mar 09, 2019 1:24 pm
Forum: Personal Investments
Topic: Update: 35 y/o Portfolio Review (new to investing)
Replies: 15
Views: 2449

Re: 35 y/o Portfolio Review (new to investing)

Welcome to the forum and congratulations. You are in great shape, and not at all that behind. You have already gotten good advice. I write to add a few more comments, and to reinforce the rest. Your Personal Capital and Betterment portfolios are a hot mess. First, at your high income, you do not wan...
by Misenplace
Thu Mar 07, 2019 1:46 am
Forum: Personal Investments
Topic: Why aren’t Fido’s lower ERs a reason to switch from VG?
Replies: 43
Views: 2876

Re: Why aren’t Fido’s lower ERs a reason to switch from VG?

Well, I have money at both. Fidelity introduced zero expense ratio funds this past year, but to get them I would have to sell my current Fido index funds and realize a capital gain to convert my current Fido funds and buy the new shiny, pretty funds. Vanguard over the years has periodically LOWERED ...
by Misenplace
Wed Mar 06, 2019 2:06 am
Forum: Personal Investments
Topic: Robo-advisor through 401(k)
Replies: 6
Views: 495

Re: Robo-advisor through 401(k)

Kudos to you for getting a position with a great 401(k) with fund choices at the institutional level. If you are 30 or so, your target portfolio seems appropriate. I would ratchet down to 80 or 70% equities once you hit 40. Rebalancing to your desired asset allocation in your retirement account once...
by Misenplace
Wed Mar 06, 2019 12:06 am
Forum: Personal Finance (Not Investing)
Topic: Advice at 60
Replies: 52
Views: 4790

Re: Advice at 60

Yes, there are websites. https://www.healthcare.gov https://www.medicaid.gov I think you can't afford to hire someone, you will need to start figuring out how to access the resources that you need. Some states do have navigators to help. You can do it, lots of people in your situation have done it. ...
by Misenplace
Tue Mar 05, 2019 11:51 pm
Forum: Personal Finance (Not Investing)
Topic: Framework to evaluate life and lifestyle choices?
Replies: 38
Views: 2636

Re: Framework to evaluate life and lifestyle choices?

If you save 50% of your net income for 11 and some odd years, you can usually retire at that point. I would not plan for this party to last. I've seen too many 45-55 year olds RIFd just because management wanted to go in a different direction and younger workers were cheaper and besides Wall St seem...
by Misenplace
Sat Mar 02, 2019 8:13 pm
Forum: Personal Consumer Issues
Topic: Advice on Grand Pianos?
Replies: 57
Views: 3062

Re: Advice on Grand Pianos?

If you buy a grand piano, you have to go at least 6 ft long or larger or it is not worth it. Any so called grand less than 6 ft is called a PSO (piano shaped object) by those in the know. You would do better with a high quality upright. Charles R. Walter Inc. makes very high quality uprights (and a ...
by Misenplace
Sat Mar 02, 2019 12:07 pm
Forum: Personal Investments
Topic: Should I Keep or Sell my House/Financial Advice
Replies: 29
Views: 2043

Re: Should I Keep or Sell my House/Financial Advice

Ah, I see your point about working and survivors benefits. I have done taxes for widows getting survivor benefits and also working, but their earned income was very low. I did not realize there was an income test and your income is undoubtably above the threshold to take benefits before full retirem...
by Misenplace
Sat Mar 02, 2019 12:03 am
Forum: Personal Investments
Topic: Should I Keep or Sell my House/Financial Advice
Replies: 29
Views: 2043

Re: Should I Keep or Sell my House/Financial Advice

You won't have to pay capital gains on the sale of the house. Your new basis is the half the value on the date of your spouse's death + half the price you paid for it, plus you have a $250K exemption on top of that. Capital gains treatment of married couples’ property depends upon the state. In my ...
by Misenplace
Fri Mar 01, 2019 11:57 pm
Forum: Personal Investments
Topic: Should I Keep or Sell my House/Financial Advice
Replies: 29
Views: 2043

Re: Should I Keep or Sell my House/Financial Advice

I am sorry for your loss. It must be a hard time for you. You are doing amazingly well, and have a clear grasp of your situation-kudos to you in this difficult time. 1. My read on this is that you are house poor. You have more real estate than you can efficiently use, or enjoy. You don’t want to liv...
by Misenplace
Fri Mar 01, 2019 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Advice at 60
Replies: 52
Views: 4790

Re: Advice at 60

Would love help with figuring out healthcare. Exchange vs. not. What’s the best path? It sounds as if you cannot access any employer based retiree healthcare. Definitely look into that and whether you can. For example, since my spouse was a teacher, we can access our state employee retiree plan whi...
by Misenplace
Fri Mar 01, 2019 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Advice at 60
Replies: 52
Views: 4790

Re: Advice at 60

I wouldn't really say I'm playing in crypto. Bought a tiny $ amount a couple years ago, and letting it ride. Regardless of the the history by keeping it you are at keeping something that is way to risky. Note that "letting it ride" is a gambling term. Sell the crypto ASAP Pay off mortgage with my s...
by Misenplace
Fri Mar 01, 2019 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Trying to understand how I got hit with such a big amount in taxes owed
Replies: 41
Views: 5691

Re: Trying to understand how I got hit with such a big amount in taxes owed

We send additional withholding to IRS quarterly to make sure that we fall into a safe harbor. It’s really easy to do that online, IMO much simpler that trying to reverse engineer the withholding formulas. The one advantage of adjusting the withholding is that unlike estimated payments, any withhold...
by Misenplace
Mon Feb 25, 2019 5:11 pm
Forum: Personal Investments
Topic: Need help grading my "Fee Only" provider
Replies: 43
Views: 2825

Re: Need help grading my "Fee Only" provider

As others have stated, we can't really advise unless you post the fund expense ratios. You can't really decide unless you are looking at that as well. Also, don't move your wife's 401k to an IRA until you look at the expense ratio for all the funds she has access to there. Some 401k plans have bette...
by Misenplace
Mon Feb 25, 2019 4:48 pm
Forum: Personal Consumer Issues
Topic: Building a home
Replies: 31
Views: 2486

Re: Building a home

Builder mark-up can range from 12% to 20% (depending upon how in demand that builder is). 15% is on the low end. The mark-up is on Labor and Materials, and don't forget sales tax. What really kills the budget are the change orders. Say, you decide to upgrade the marble in a bathroom, you get quoted ...
by Misenplace
Fri Feb 22, 2019 2:16 am
Forum: Personal Finance (Not Investing)
Topic: How to finance car purchase for teen
Replies: 60
Views: 2805

Re: How to finance car purchase for teen

That dealer is loading you with BS. Are you telling me that if your kid bumps the car into something (99% chance he will), the dealer will repair it free of charge? You don't need a $20k loan to start establishing a credit score either. You should probably just do some NPV analysis and see whether ...
by Misenplace
Fri Feb 22, 2019 12:46 am
Forum: Personal Investments
Topic: Beware of the Edward Jones neighborly visit.
Replies: 89
Views: 7703

Re: Beware of the Edward Jones neighborly visit.

Watch out. It is lucky that you caught this.
You might want to ask your mother if you can have a limited access to her accounts. Just so you can get email notification of any withdrawals or changes so that you can check in with her and make sure there is not something going on.
by Misenplace
Thu Feb 21, 2019 1:39 am
Forum: Personal Investments
Topic: Hourly fee-based advisor?
Replies: 32
Views: 2155

Re: Hourly fee-based advisor?

Garret planning requires that their network advisors offer fee-only. When you drill down to the profiles of individual advisors, you will see that while some offer hourly only, most many offer both hourly and assets under management, and some are opaque whether an hourly is available for more than a...
by Misenplace
Thu Feb 21, 2019 1:19 am
Forum: Personal Investments
Topic: Hourly fee-based advisor?
Replies: 32
Views: 2155

Re: Hourly fee-based advisor?

I will also add that not only is Boglehead advice free, it is also rigorously peer reviewed.