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augryphon

Early in pandemic, I took the Schiller Finance course and thoroughly enjoyed it. He’s brilliant and very interesting.

augryphon

have owned several F-150's and also a 2011 Tacoma, there are several advantages: 1. Resale Value is high, that almost closes the deal in itself. 2. Reliability is fantastic for any Toyota 3. It is a smaller footprint than a full-size Ford or Chevy, i.e. it fits in the garage and is easily maneuvered...

augryphon

1/ I've learned in the last 10 years that my tolerance for risk is higher than I expected from the outset. [/list] I feel the same way at the moment, but realize that during 10 year bull market might not be the best moment to thoroughly evaluate my risk tolerance. The S&P500 has gone from 1100 ...

augryphon

I'm working thru this issue now and can add my experience to the discussion. On Saturday 1-2-21, I transferred $7k to both DW and my IRAs from ALLY at Fidelity. The money left the bank and appeared in our fidelity accounts on Monday 1-4. I tried to convert online and on was not able to do so that d...

augryphon

On Saturday 1-2-21, I transferred $7k to both DW and my IRAs from ALLY at Fidelity. The money left the bank and appeared in our fidelity accounts on Monday 1-4. I tried to convert online and on was not able to do so that day. Did you push it from Ally or pull it from Fidelity? If pulled, I can unde...

augryphon

I'm working thru this issue now and can add my experience to the discussion. On Saturday 1-2-21, I transferred $7k to both DW and my IRAs from ALLY at Fidelity. The money left the bank and appeared in our fidelity accounts on Monday 1-4. I tried to convert online and on was not able to do so that da...

augryphon

I can’t unsubscribe....I have to many friends and family members “borrowing” Netflix, I’d never get another Christmas card! Seriously, we share subscriptions among family, Netflix is mine to pay for. Others pay for Disney, Hulu, ESPN, which I use occasionally. It’s the best money I spend each month.

augryphon

Maybe this is a good time to pay a certified financial advisor to review our portfolio and make recommendations? Thanks in advance for sharing any thoughts/experiences to might help enlighten me. I would definitely recommend engaging an FA to help you work through this issue. With my FAs help, I di...

augryphon

For years I Pretended it wasn’t there, because so many pensions have been eliminated and I assumed mine would be too. Now I am at an age that I could retire before they could eliminate it, it has become real. In my retirement equation, I simply subtract the pension amount for my monthly expenses, th...

augryphon

Hi, I’m hiking 5 miles each day in the woods, the ground is getting slippery with leaves and such. Looking for a light pair of trail sneakers, not hiking boots, have those,, Thanks! I bought these a couple of weeks ago, they were recommended by a AT thru-hiker on a podcast I listened to recently: h...

augryphon

You have to hammer that debt down, you’ll be paying something like 25% Of your after tax income in interest alone. Not only is the rate high, but the debt is large relative to your earnings. Refi will help, but the principle is still high. I’d use the brokerage account to pay down the debt and focus...

augryphon

I, too, enjoy the scenery of the tour. Older town were laid out haphazardly wherever people wanted to build. Large cities became a particular problem. There was zero regard for streets/drainage/sewers. Cities developed around natural traits such as mountains and rivers. Streets had no need to be any...

augryphon

One of the first I read, and the only one that has remained on my shelf continually until today is “The Effective Executive” by Peter Drucker. Simple advice, that remains useful forever. Other favorites are Often biographies Rather than business books, including a great one I’m reading now, “Grant” ...

augryphon

After my last meeting with my FA, we transitioned from 60/40 to 50/50 stocks/bonds as we enter retirement. The biggest threat we see is a major loss in the first 3-4 yrs of retirement. We plan to begin raising our stock allocation after 5-7 years into our retirement if the markets are average. 65/35...

augryphon

When did you decide to cancel your term life insurance? It's $200/month for $3 million in coverage. We can swing it, but we probably have enough to pay for all kids college, my retirement, house, medical care etc. Husband and I are in our early forties/late thirties. Am I being penny wise, pound fo...

augryphon

Thank you both for the great thoughts and ideas/advice. It did take me 2 years to do this so the LS idea may be a great option for me- less to worry about. I need to examine those closer. And yes my $ are still in an IRA- settlement tomorrow and 5-10 days till it gets to VG. 2 years ago the theory ...

augryphon

From my parents Inherited a strong faith, focused worth ethic, an appreciation of the value of education, a love of family, and a passion to pass these qualities to my heirs. Financially, what was left at the end of their lives was a few thousand dollars which helped a young family member with a hom...

augryphon

I've located the original inforce illustration from when the policy was purchased and have the latest one requested. The lapse premium is indeed the same as the current premium. With that info I believe I have the information to update FIL and offer unbiased, semi-knowledgeable advice. Many thanks ...

augryphon

[/quote] Have you gotten an inforce illustration recently? If so, does it show that the policy runs out of cash value at age 88, but the death benefit remains inforce until age 100? Does the illustration show that premiums continue at the current premium rate to age 100? If so, I’d definitely keep t...

augryphon

One other thought - have you considered a viatical settlement? You may be able to sell your life insurance policy to a company for much more than the cash value. Think about it - the value of the life insurance policy is max(cash value, death benefit less premiums). I already argued that "deat...

augryphon

Based on current rates, the policy will expire in 2025 at FIL age 88, then It offers lapse protection until 100. Have you gotten an inforce illustration recently? If so, does it show that the policy runs out of cash value at age 88, but the death benefit remains inforce until age 100? Does the illu...

augryphon

Based on current rates, the policy will expire in 2025 at FIL age 88, then It offers lapse protection until 100. Have you gotten an inforce illustration recently? If so, does it show that the policy runs out of cash value at age 88, but the death benefit remains inforce until age 100? Does the illu...

augryphon

Based on current rates, the policy will expire in 2025 at FIL age 88, then It offers lapse protection until 100. Have you gotten an inforce illustration recently? If so, does it show that the policy runs out of cash value at age 88, but the death benefit remains inforce until age 100? Does the illu...

augryphon

My in-laws purchased a last to die UL policy years ago As estate tax protection and I Have been asked to look into it for the family and I need help deciding if/what to discuss with with the agent. I don’t not have a copy of the policy available to me at this time. Purchased: 2006, $1MM value, Curre...

augryphon

an old friend of mine always said "to retire you need two things, 1) to have enough (savings). 2) to have had enough(fed up with working)." From you discussion, I get the impression that you aren't quite ready to stop working. If I was certain in my own mind, I wouldn't make that move.

augryphon

congratulations on jumping into the fire (and also into the FIRE)!! Thanks for sharing your story! I kind of want to DCA this time, but at the same time I know that lump sum will beat DCA in 2/3 of the cases. The economical situation shouldn't matter. I lost 2 times with lump sum investing (Decembe...

augryphon

I’ve noticed that the vast majority of new posters on this forum are still convinced regarding market timing and other similar themes. The experienced, long term posters spend a lot of time trying to (often unsuccessfully) teach these newbies. Personally, I’m starting to find it quite tiring. Wonde...

augryphon

Hey there everyone, If you were to receive a $15,000 bonus, and you wanted to fund a first child's college expense with it, or get started: Would you: 1. Put it (or most of it) into two Roths, one being yours and one being a spousal Roth, because you knew you could always take out contributions fir...

augryphon

congratulations on jumping into the fire (and also into the FIRE)!! My company opened it's 401k on September 1, 1987. I started contributing on September 6, 1987. After I made 3 contributions, the market dropped ~20% in one day, the biggest one day drop in history! 100% of my net worth was in that m...

augryphon

I currently have a Three Fund Portfolio - 58/19/23 (Total Stock/Total Int Stock/Interm. Bond). Looking to diversify and take on some additional risk in hopes of greater return. gvsicavoe03: It is a mistake to complicate your simple, low-cost, diversified, three-fund portfolio which holds over 15,00...

augryphon

I'm confused, If the balance is due at the 15 yr mark, you don't have a 30 year mortgage.

Why not just refi the total owed and eliminate both mortgages?

augryphon

Hi group, I am turning 30 soon. When I was 22 and got my first job, I read a ton of what to do in my 20s that seems to have helped me a ton. Some things that have helped: - Maxed out my 401k every year. 401k is ~275k - Travelled as much as I could. Visited 10 countries in Europe. - Started an HSA a...

augryphon

In June 1986 I had nothing. By 1999 I thought I was rich. in 2000, 2008, and 2020 I became un-rich. Now I realize that I'll never be rich, but I'm doing pretty okay. FA says I can retire at 58 without taking a pay cut.

augryphon

If you ask for and receive a 3% raise, next year, you can fund your over-50 401k contribution at no additional cost to you.

And always say "thank you" for the job and the raise.

augryphon

Lately, I have been intrigued with VGT as tech has done very well over the past decade and I don't see this trend changing in the near future. That's what we all thought in 99 too. The problem is "we all thought" the same damn thing and took a kick in the teeth and wallet. Over the long t...

augryphon

When he finally graduated, we had significant extra money for the first time in 25 years. We just funneled that to additional investing and were able to make meaningful contributions annually to our favorite charities. We don’t buy differently than before.

augryphon

Some states are business as usual. Keep everything open, come down and vacation, go out to dinner, enjoy a concert. It’s madness! Which states are “business as usual”? The ones without any state-wide stay-at-home orders at this time: Tennessee * Non-essential businesses closed **No state-wide schoo...

augryphon

It’s the double whammy, It’s tax deductible going in and tax free coming out!! I plan to grow mine until I retire then begin to withdraw for medical needs. Until then, it’s there if I need it.

augryphon

I have a sibling paying about $13k to EJ. She hopes I am doing ok (investing) on my own and has offered to introduce me to her guy... She raves about his taking her and B-I-L to the nicest restaurant in town twice a year. I simply ask who do you think is paying for dinner? I also refer to her EJ gu...

augryphon

I re-balance on the same dates each year, my wife's accounts on her birthday in November and mine in December. I consider any deviation from that plan to be market timing.

augryphon

Great idea to support each other when things get squirrelly! I do with investing what i do what i do at work when the unexpected happens, I stop, take a deep breath, remember that I’ve seen this or something very similar before, then since I am prone to action, I ask myself “what is one thing that I...

augryphon

You didn’t predict this week, and you certainly cant predict tomorrow. You got extremely lucky with your timing. If I’d lump sum out, I’d lump sump right back in and be grateful that I avoided the loss of this week.

augryphon

3. Would there be a benefit to meeting with a fee-only financial adviser to review? Many thanks for any input you can provide! This is absolutely the first thing to do. Nothing against Bogleheads, we're a smart bunch, but we bring our own personal biases into the discussion and all those mixed toge...

augryphon

Graham's book has been lauded by Warren Buffet and many others, and rightfully so, but Graham's personal investing wasn't nearly as successful as his student's. I, too, would suggest reading Buffet's letter-better info and much more entertaining.

augryphon

Sadly, I have other friends (from different lazy portfolio persuasions) that have left and not returned because they felt unwelcome. It's the nature of anonymous communication, we can be so rude to each other, myself included sometimes But I would encourage anyone no to go away mad. There's a lot o...

augryphon

We chose 529, and not knowing where we’d live or where our son would go to school was a large part of our decision. It’s a sacrifice for parents to pay for kids education, but in today’s easy to borrow student loan environment, graduating debt free is a greater gift than an large inheritance, and y...

augryphon

I don’t follow Merriman’s strategies, but I’ve enjoyed his podcasts and articles for years, and I learned a lot from him. He’s a wonderful gift to the investing community. There’s nothing wacky about his mix of low-cost, buy and hold strategies and if you follow one in that spirit -low cost, buy and...

augryphon

We chose 529, and not knowing where we’d live or where our son would go to school was a large part of our decision. It’s a sacrifice for parents to pay for kids education, but in today’s easy to borrow student loan environment, graduating debt free is a greater gift than an large inheritance, and yo...

augryphon

Step 1 - calculate how much you expect education to cost (in today's dollars) for each child on an annual basis. :moneybag Step 2 - build a spreadsheet/plan modeling contributions and withdrawals (with inflation factored in for the cost of education-- I personally plan on 6% increase in tuition cos...

augryphon

... Not sure on the details at this point, but some of the things I'm reading about the Secure Act tell me it can leave a tax time bomb for heirs. I've seen discussions that one strategy to avoid this is Last-to-Die insurance. ... One shouldn't be related to the other. But if you're in sufficiently...

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