Search found 2752 matches

by fortfun
Wed Sep 16, 2020 10:38 am
Forum: Personal Investments
Topic: Use Brokerage Account to Pay down mortgage OR purchase Roth IRAs
Replies: 6
Views: 442

Re: Use Brokerage Account to Pay down mortgage OR purchase Roth IRAs

Since you already have a Roth IRA, you can keep your emergency fund there, keeping that part of your portfolio in low-risk bond funds. Contributions to a Roth IRA can be withdrawn tax-free and penalty-free at any time. This will allow you to take more out of your taxable account to pay down the mor...
by fortfun
Tue Sep 15, 2020 12:28 pm
Forum: Personal Investments
Topic: Use Brokerage Account to Pay down mortgage OR purchase Roth IRAs
Replies: 6
Views: 442

Use Brokerage Account to Pay down mortgage OR purchase Roth IRAs

DW and I are implementing a 4 year retirement plan (below). We have decided to pay down a big chunk of our mortgage, instead of buying bonds . This will free up $1,200/month in retirement. We are planning to max out our 8 tax advantaged accounts for the next 4 years. However, this will cause our eme...
by fortfun
Mon Sep 14, 2020 9:23 pm
Forum: Personal Investments
Topic: Using after tax investment to purchase Roth IRA.
Replies: 5
Views: 336

Re: Using after tax investment to purchase Roth IRA.

What are the pros and cons of DW and I using after tax investments to purchase our Roth IRAs the next couple of years? They've been invested for over 1 year (minus the dividends, tot us and tot int). Are you saying you want to sell from your brokerage account, then put those funds in the Roth IRA? ...
by fortfun
Mon Sep 14, 2020 9:16 pm
Forum: Personal Investments
Topic: Using after tax investment to purchase Roth IRA.
Replies: 5
Views: 336

Using after tax investment to purchase Roth IRA.

What are the pros and cons of DW and I using after tax investments to purchase our Roth IRAs the next couple of years? They've been invested for over 1 year (minus the dividends, tot us and tot int).
by fortfun
Sun Aug 30, 2020 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: Chase closed my accounts and banned me and I don’t know why
Replies: 48
Views: 7529

Re: Chase closed my accounts and banned me and I don’t know why

Pretty sure I'm banned from Barclays. I don't think their algo likes my bonus chasing. Oh well...
by fortfun
Fri Aug 28, 2020 10:13 pm
Forum: Personal Investments
Topic: How to compare performance of Vanguard vs Edward Jones accounts?
Replies: 35
Views: 2606

Re: How to compare performance of Vanguard vs Edward Jones accounts?

Many companies, like American, juice their target date funds by using a much more aggressive glide path. Of course, with a higher percentage of stocks, they are very likely to outperform a more conservative glidepath. You need to compare apples to apples, which is not the date of the target date fu...
by fortfun
Thu Aug 27, 2020 9:53 pm
Forum: Personal Investments
Topic: How to compare performance of Vanguard vs Edward Jones accounts?
Replies: 35
Views: 2606

Re: How to compare performance of Vanguard vs Edward Jones accounts?

Many companies, like American, juice their target date funds by using a much more aggressive glide path. Of course, with a higher percentage of stocks, they are very likely to outperform a more conservative glidepath. You need to compare apples to apples, which is not the date of the target date fun...
by fortfun
Thu Aug 20, 2020 10:49 pm
Forum: Personal Investments
Topic: 529 Age Based Plans AND the poor outlook for bonds
Replies: 17
Views: 1213

Re: 529 Age Based Plans AND the poor outlook for bonds

I recently decided that our 529s could well be over-funded (kids turn 2 and 3 next month), so I re-allocated to 50% cash and 50% TIPS. More specifically, the cash is in Vanguard Interest Accumulation portfolio, which has been earning close to 2% over the last 30 days - better than any other cash op...
by fortfun
Thu Aug 20, 2020 10:47 pm
Forum: Personal Investments
Topic: 529 Age Based Plans AND the poor outlook for bonds
Replies: 17
Views: 1213

Re: 529 Age Based Plans AND the poor outlook for bonds

Bogleheads, I'm second guessing the moderate, age-based 529 I've selected for my kids. They are off to college in 4 and 6 years. With the outlook for bonds, I'm wondering if I should get them into conservative (more cash, sooner) or aggressive (more stocks, longer). My fear is that bonds decline ov...
by fortfun
Thu Aug 20, 2020 9:35 pm
Forum: Personal Investments
Topic: 529 Age Based Plans AND the poor outlook for bonds
Replies: 17
Views: 1213

Re: 529 Age Based Plans AND the poor outlook for bonds

FelixTheCat wrote: Thu Aug 20, 2020 3:42 pm What's wrong with bonds? Vanguard Total Bond Market Index made 8.01% as of 7/31/2020.
Everyone keeps saying that interest rates can only go up and that means bonds will go down...
by fortfun
Thu Aug 20, 2020 3:43 pm
Forum: Personal Investments
Topic: 529 Age Based Plans AND the poor outlook for bonds
Replies: 17
Views: 1213

Re: 529 Age Based Plans AND the poor outlook for bonds

Crazy timing. I just two nights ago rebalanced everything. One kid is two years out and the aggressive age-based for my state has them more bonds than stocks. Two years to start so I'm okay with that. But my next kid is still 4 years away and the aggressive plan is 50% bonds. No way. I moved that o...
by fortfun
Thu Aug 20, 2020 3:40 pm
Forum: Personal Investments
Topic: 529 Age Based Plans AND the poor outlook for bonds
Replies: 17
Views: 1213

Re: 529 Age Based Plans AND the poor outlook for bonds

Personally, I'd go with something like 15/15/70 stocks/bonds/cash, then aim to have it be all cash in a few years. For the bond portion, you could do something like short-term TIPS to reduce both interest rate and inflation risk. Thanks Noob. I need to see if something like that is available in my ...
by fortfun
Thu Aug 20, 2020 3:39 pm
Forum: Personal Investments
Topic: 529 Age Based Plans AND the poor outlook for bonds
Replies: 17
Views: 1213

Re: 529 Age Based Plans AND the poor outlook for bonds

000 wrote: Wed Aug 19, 2020 9:40 pm Have you considered a barbell of cash + <20% stocks?
Yeah, that's what I've been thinking about for the one that is 4 years out.
by fortfun
Wed Aug 19, 2020 8:37 pm
Forum: Investing - Theory, News & General
Topic: Cannot Get Myself To Index
Replies: 29
Views: 2983

Re: Cannot Get Myself To Index

I look at retirement investing as being able to finish the game, not winning the game. VTSAX serves that purpose for me.
by fortfun
Wed Aug 19, 2020 8:34 pm
Forum: Personal Investments
Topic: 529 Plans - Locking in gains
Replies: 18
Views: 1543

Re: 529 Plans - Locking in gains

I posted 3 years ago about my kids 529 plans. I had stopped monthly contributions and only made a few contributions when the markets dipped. The balances have grown from $100k each to about $150k each. One just turned 15 and the other is a senior and will be 18 in Nov. They are both in age based mo...
by fortfun
Wed Aug 19, 2020 8:27 pm
Forum: Personal Investments
Topic: 529 Age Based Plans AND the poor outlook for bonds
Replies: 17
Views: 1213

529 Age Based Plans AND the poor outlook for bonds

Bogleheads, I'm second guessing the moderate, age-based 529 I've selected for my kids. They are off to college in 4 and 6 years. With the outlook for bonds, I'm wondering if I should get them into conservative (more cash, sooner) or aggressive (more stocks, longer). My fear is that bonds decline ove...
by fortfun
Mon Aug 10, 2020 4:13 pm
Forum: Personal Investments
Topic: Poke holes in this early retirement plan (I've got 4 years to figure it out).
Replies: 16
Views: 1484

Re: Poke holes in this early retirement plan (I've got 4 years to figure it out).

2. Switch AA to 70% USA stock and 30% International. Currently, 20% fixed, 70% US, and 10% international. Considering switching AA due to fact that we will NOT need these funds for 10 years and it seems stupid to buy bonds in this environment. This seems dumb but see #3 for explanation. I would gra...
by fortfun
Mon Aug 10, 2020 2:11 pm
Forum: Personal Investments
Topic: Poke holes in this early retirement plan (I've got 4 years to figure it out).
Replies: 16
Views: 1484

Re: Poke holes in this early retirement plan (I've got 4 years to figure it out).

HomerJ wrote: Mon Aug 10, 2020 2:07 pm
Brianmcg321 wrote: Mon Aug 10, 2020 1:50 pm I wouldn't pay anything extra on the house. Keep that money invested working for you. Then when you want to retire, just pay off the mortgage. You will have a lot more money that way.
This, of course, might not be true.
Yeah, four years is a bit too risky for my blood.
by fortfun
Mon Aug 10, 2020 2:09 pm
Forum: Personal Investments
Topic: Poke holes in this early retirement plan (I've got 4 years to figure it out).
Replies: 16
Views: 1484

Re: Poke holes in this early retirement plan (I've got 4 years to figure it out).

I would grab most, if not all, of your fixed-income allocation and use it to pay down the mortgage. It doesn't make a ton of sense to lend your money out at 0-1% while you borrow at 3%. I wouldn't pay anything extra on the house. Keep that money invested working for you. Then when you want to retir...
by fortfun
Mon Aug 10, 2020 2:07 pm
Forum: Personal Investments
Topic: Poke holes in this early retirement plan (I've got 4 years to figure it out).
Replies: 16
Views: 1484

Re: Poke holes in this early retirement plan (I've got 4 years to figure it out).

2. Switch AA to 70% USA stock and 30% International. Currently, 20% fixed, 70% US, and 10% international. Considering switching AA due to fact that we will NOT need these funds for 10 years and it seems stupid to buy bonds in this environment. This seems dumb but see #3 for explanation. I would gra...
by fortfun
Mon Aug 10, 2020 2:04 pm
Forum: Personal Investments
Topic: Poke holes in this early retirement plan (I've got 4 years to figure it out).
Replies: 16
Views: 1484

Re: Poke holes in this early retirement plan (I've got 4 years to figure it out).

I would not go 100% stocks even with your pension covering all spending. 80/20 perhaps. I would do 20% international max, but this is not one of those threads. :D What is your cost of healthcare? Could that double or triple in before Medicare? I think you have it well thought out. Maybe we should a...
by fortfun
Mon Aug 10, 2020 2:01 pm
Forum: Personal Investments
Topic: Poke holes in this early retirement plan (I've got 4 years to figure it out).
Replies: 16
Views: 1484

Re: Poke holes in this early retirement plan (I've got 4 years to figure it out).

Pension will cover ALL living expenses. -Car, or other major purchases come up. Continue working or reduce discretionary spending. -529s not adequate. Continue working or reduce discretionary spending. Children work to pay for the amount short. -Medical bills. Use HSA to cover unexpected/large medi...
by fortfun
Mon Aug 10, 2020 1:56 pm
Forum: Personal Investments
Topic: Poke holes in this early retirement plan (I've got 4 years to figure it out).
Replies: 16
Views: 1484

Re: Poke holes in this early retirement plan (I've got 4 years to figure it out).

Nothing jumps out at me. Since retirement will likely be longer than 30 years, I would not use all of the 4% rate discretionary spending. But you didn't actually say you plan to spend it, only that you had it. :happy Thanks retiredjg! We will probably go with something closer to 3%. Thank you for a...
by fortfun
Mon Aug 10, 2020 1:15 pm
Forum: Personal Investments
Topic: Poke holes in this early retirement plan (I've got 4 years to figure it out).
Replies: 16
Views: 1484

Poke holes in this early retirement plan (I've got 4 years to figure it out).

Him: 47, Her: 49 Goal: Retire in <4 years at 51 and 53. Him: Full pension (full spousal benefits) at 50. 1.5% COLA (not guaranteed). Pension will cover ALL living expenses. Health insurance available through the state pension. Using 4% rule, investments should allow for 40-80k in discretionary spend...
by fortfun
Sat Aug 08, 2020 11:01 pm
Forum: Personal Investments
Topic: Bonds or Payoff Mortgage (in my case).
Replies: 7
Views: 887

Re: Bonds or Payoff Mortgage (in my case).

aristotelian wrote: Sat Aug 08, 2020 10:53 pm Better return on the mortgage. You could do some of each if you want to build liquidity.
Thanks aristotelian.
by fortfun
Sat Aug 08, 2020 10:45 pm
Forum: Personal Investments
Topic: Bonds or Payoff Mortgage (in my case).
Replies: 7
Views: 887

Re: Bonds or Payoff Mortgage (in my case).

nix4me wrote: Sat Aug 08, 2020 10:38 pm I would pay off mortgage if i were you. Time the mortgage pay off with your retirement date and get it paid off. If there is excess, put in cash or bonds or stocks.
Thanks nix.
by fortfun
Sat Aug 08, 2020 9:55 pm
Forum: Personal Investments
Topic: Bonds or Payoff Mortgage (in my case).
Replies: 7
Views: 887

Bonds or Payoff Mortgage (in my case).

DW and I are already maxing out 7 tax advantaged accounts in preparation for early retirement in 4 years (51 & 53). We are light on bonds at the moment. I had been considering using the 3 year catch up provision, in our 457s, and begin loading them up with bonds. However, with bonds looking pretty b...
by fortfun
Sun Aug 02, 2020 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: USPS insurance claim.
Replies: 22
Views: 1721

Re: USPS insurance claim.

My impression is that if an item is too large for the po box, they store it elsewhere and put a note in the box. Perhaps I am wrong. But if I were you, I'd go to the local post office and ask in person or phone the local post office directly (not the general po number.) Rereading you say envelope a...
by fortfun
Sat Aug 01, 2020 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: USPS insurance claim.
Replies: 22
Views: 1721

Re: USPS insurance claim.

My impression is that if an item is too large for the po box, they store it elsewhere and put a note in the box. Perhaps I am wrong. But if I were you, I'd go to the local post office and ask in person or phone the local post office directly (not the general po number.) Rereading you say envelope a...
by fortfun
Fri Jul 31, 2020 2:31 pm
Forum: Personal Investments
Topic: How to use and fund a 457 for early retirement (and other techniques)?
Replies: 9
Views: 605

Re: How to use and fund a 457 for early retirement (and other techniques)?

Depending on the funds available in the 457b plan there may be a cost difference that influences your decision. What you buy now in the 457 doesn't really matter because one can sell within a tax-advantaged account and not have to worry about capital gains or other taxes. So it isn't until you are ...
by fortfun
Fri Jul 31, 2020 2:27 pm
Forum: Personal Investments
Topic: How to use and fund a 457 for early retirement (and other techniques)?
Replies: 9
Views: 605

Re: How to use and fund a 457 for early retirement (and other techniques)?

Read this for ways of accessing retirement accounts before age 59.5: https://www.madfientist.com/how-to-access-retirement-funds-early/. Pay particular attention to the Roth conversion ladder. Also, you can withdraw funds without penalty from the employer plan (401k) if you retire in the year in whi...
by fortfun
Fri Jul 31, 2020 2:26 pm
Forum: Personal Investments
Topic: How to use and fund a 457 for early retirement (and other techniques)?
Replies: 9
Views: 605

Re: How to use and fund a 457 for early retirement (and other techniques)?

I plan to have us use the special 3 year catch-up provision of the 457 and double our contributions that last 3 years (roughly 40k/yr each). Look closely at your 457b plan docs to see what the normal retirement age is. My understanding is that the catch-up only applies in the 3 years before normal ...
by fortfun
Fri Jul 31, 2020 10:47 am
Forum: Personal Investments
Topic: How to use and fund a 457 for early retirement (and other techniques)?
Replies: 9
Views: 605

Re: How to use and fund a 457 for early retirement (and other techniques)?

Congratulations on your excellent progress so far! Keep in mind that if you need/want to access 403(b) or 401(k) funds prior to age 59.5, rule 72(t) is an option. A conservative asset allocation in your 457 seems reasonable while a more aggressive allocation is likely appropriate for your 403(b) ac...
by fortfun
Thu Jul 30, 2020 10:12 pm
Forum: Personal Consumer Issues
Topic: Replacing appliances--buy dumb
Replies: 53
Views: 4332

Re: Replacing appliances--buy dumb

Got my last washer and dryer off of facebook market place. Maytags from the 80s. I made a few little repairs and they run like a champ. I'm not really so concerned about the "better cleaning part," I'm more concerned with the reliability and ability to repair them myself. These older machines lack a...
by fortfun
Thu Jul 30, 2020 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford a second home?
Replies: 73
Views: 5664

Re: Can we afford a second home?

Just one reason, using myself as an example. There is not a single AirBNB listing within 12-15 miles of the place I'm looking for my vacation home. Have you tried VRBO or one of the other vacation rental sites? Of course everyone is different, but there are so many beautiful places to see in the co...
by fortfun
Thu Jul 30, 2020 7:06 pm
Forum: Personal Investments
Topic: How to use and fund a 457 for early retirement (and other techniques)?
Replies: 9
Views: 605

How to use and fund a 457 for early retirement (and other techniques)?

BHs, DW and I are about 4 years out from an early retirement. We will be age 51 and 53. That means about six years until we can tap 401k, 403b, and traditional IRAs. I'm getting ready to write my IPS and would like some assistance around the 457. Here's where I need some advice: I plan to have us us...
by fortfun
Wed Jul 29, 2020 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford a second home?
Replies: 73
Views: 5664

Re: Can we afford a second home?

I don't understand why anyone would buy a second home when you can go to a different location every year using AirBnB or VRBO. Both have very reasonable accommodations in beautiful locations. Just my 2 cents. Just one reason, using myself as an example. There is not a single AirBNB listing within 1...
by fortfun
Wed Jul 29, 2020 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford a second home?
Replies: 73
Views: 5664

Re: Can we afford a second home?

I don't understand why anyone would buy a second home when you can go to a different location every year using AirBnB or VRBO. Both have very reasonable accommodations in beautiful locations. Just my 2 cents. Just one reason, using myself as an example. There is not a single AirBNB listing within 1...
by fortfun
Wed Jul 29, 2020 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford a second home?
Replies: 73
Views: 5664

Re: Can we afford a second home?

I don't understand why anyone would buy a second home when you can go to a different location every year using AirBnB or VRBO. Both have very reasonable accommodations in beautiful locations. Just my 2 cents.
by fortfun
Tue Jul 28, 2020 5:51 pm
Forum: Personal Consumer Issues
Topic: Middle of Nowhere Retirement
Replies: 108
Views: 12503

Re: Middle of Nowhere Retirement

Bonanza, Colorado. Just a short drive to the hospital in Salida, Colorado. You're welcome :)
https://www.uncovercolorado.com/ghost-towns/bonanza/
by fortfun
Tue Jul 28, 2020 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: USPS insurance claim.
Replies: 22
Views: 1721

Re: USPS insurance claim.

Sorry, no advice on your question, but this is why it's never really worth paying for insurance on something that won't cause financial hardship. On average you lose, and even if you didn't there's the hassle of filing a claim. Priority mail is automatically insured for $50. $50 is not really the e...
by fortfun
Tue Jul 28, 2020 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: USPS insurance claim.
Replies: 22
Views: 1721

Re: USPS insurance claim.

What are the exact dimensions of the package vs the box? That is how I would convince them I guess but they could blame you for foolishly sending as well I suppose. Although, I don’t agree that a small package of masks would not fit in a small post office box. I know first hand that is not true. No...
by fortfun
Tue Jul 28, 2020 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: USPS insurance claim.
Replies: 22
Views: 1721

Re: USPS insurance claim.

runner3081 wrote: Tue Jul 28, 2020 4:22 pm If sent priority mail (or with insurance), no harm in filing a claim as not delivered.

It will likely be denied if marked as delivered.
That's the problem. It says delivered but was not and could not fit in their po box.
by fortfun
Tue Jul 28, 2020 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: USPS insurance claim.
Replies: 22
Views: 1721

Re: USPS insurance claim.

My impression is that if an item is too large for the po box, they store it elsewhere and put a note in the box. Perhaps I am wrong. But if I were you, I'd go to the local post office and ask in person or phone the local post office directly (not the general po number.) Rereading you say envelope a...
by fortfun
Tue Jul 28, 2020 4:47 pm
Forum: Personal Investments
Topic: Emergency fund has grown too big. Recommendations?
Replies: 19
Views: 2153

Re: Emergency fund has grown too big. Recommendations?

Due to the stimulus (and another one coming) and refunds of our summer vacation, our EF has grown way too large. I'm not really ready to pull the trigger on VTSAX just yet. We max out Roth IRAs, 457(2 of them), 401k, and Roth 403b. Aftertax is really my only other option. I've been thinking about p...
by fortfun
Tue Jul 28, 2020 4:23 pm
Forum: Personal Investments
Topic: Emergency fund has grown too big. Recommendations?
Replies: 19
Views: 2153

Re: Emergency fund has grown too big. Recommendations?

bloom2708 wrote: Tue Jul 28, 2020 4:12 pm If you are 80/20, keep investing. Same for Roth. Same for 401k.

Otherwise just be fine with having extra cash. Maybe it is your 2021 Roth lump on Jan 2nd.
Thanks Bloom.
by fortfun
Tue Jul 28, 2020 4:05 pm
Forum: Personal Investments
Topic: Emergency fund has grown too big. Recommendations?
Replies: 19
Views: 2153

Re: Emergency fund has grown too big. Recommendations?

zimmer0 wrote: Tue Jul 28, 2020 3:44 pm live a little, or keep it stashed for next years hopeful vacation :sharebeer
Next year's vacation sure sounds nice! Thanks zimmer.
by fortfun
Tue Jul 28, 2020 4:03 pm
Forum: Personal Investments
Topic: Emergency fund has grown too big. Recommendations?
Replies: 19
Views: 2153

Re: Emergency fund has grown too big. Recommendations?

Brianmcg321 wrote: Tue Jul 28, 2020 3:55 pm Ill send you my address.
Check's in the mail :)
by fortfun
Tue Jul 28, 2020 4:03 pm
Forum: Personal Investments
Topic: Emergency fund has grown too big. Recommendations?
Replies: 19
Views: 2153

Re: Emergency fund has grown too big. Recommendations?

7eight9 wrote: Tue Jul 28, 2020 3:58 pm Las Vegas is open. Well, not all of it but a lot of properties are open.

If you don't solve your problem at first just stay longer.

Eventually the house edge will work its magic.
Thanks 789. And, if that doesn't work, Covid should kill me ;)