Search found 198 matches

by printer86
Sun May 24, 2020 9:58 am
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 306
Views: 21236

Re: The axe falls and I am prepared. What's next?

Folks, So, it happened. I will be laid off by the end of June. The basic financial stuff: B) 1 year subsidized medical insurance. C) 1 year COBRA These two items are what stuck out to me. I read three or so pages of this thread and saw a couple of people mention it as well, but these things do not ...
by printer86
Sun May 24, 2020 7:49 am
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 306
Views: 21236

Re: The axe falls and I am prepared. What's next?

Folks, So, it happened. I will be laid off by the end of June. The basic financial stuff: B) 1 year subsidized medical insurance. C) 1 year COBRA These two items are what stuck out to me. I read three or so pages of this thread and saw a couple of people mention it as well, but these things do not ...
by printer86
Sat May 23, 2020 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Designing a Better Life At Age 40
Replies: 15
Views: 2614

Re: Designing a Better Life At Age 40

I think you're creating a false choice for yourself. A high-paying tech sales career can be hard on your family - but it doesn't have to be. I do this, earning at least as much as you do in B2B tech sales in a VHCOL area. I set family boundaries and have a relatively relaxed pace of work and ample ...
by printer86
Sat May 23, 2020 8:28 am
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 306
Views: 21236

Re: The axe falls and I am prepared. What's next?

Folks, 1) Due to COVAD-19 and my age, I probably would only take a job/project that I can work from home. 2) I probably work part-time and/or project basis. 3) And, the job/project has to interesting and lucrative enough for me to consider. I am looking for opinions from those that had gone down th...
by printer86
Fri May 22, 2020 6:44 pm
Forum: Personal Investments
Topic: Has anyone ever used their Emergency Fund?
Replies: 84
Views: 6380

Re: Has anyone ever used their Emergency Fund?

Yes. Back in 2006, I found myself without a job after joining the wrong start-up company (my first commission check from them bounced). My emergency fund not only covered the time that I was out of work, but it also helped me pay our bills as I grew my commission based income at my new job. It took ...
by printer86
Fri May 22, 2020 6:27 pm
Forum: Personal Investments
Topic: Can retirement be this simple?
Replies: 31
Views: 4263

Re: Can retirement be this simple?

If things are so rosy, why not defer social security until you turn 70? That get's you an additional 24% monthly payment for the rest of your life. That's about the best deal out there. Plus, it's pretty good longevity insurance. I have considered that. I decided on 67 basically because i was in be...
by printer86
Fri May 22, 2020 3:28 pm
Forum: Personal Investments
Topic: How to invest Inherited IRA
Replies: 12
Views: 588

Re: How to invest Inherited IRA

Well, it's got to go somewhere. We parked DW's similar sized inherited IRA in the Vanguard LifeStrategy Conservative Growth Fund.
by printer86
Fri May 22, 2020 1:16 pm
Forum: Personal Investments
Topic: Can retirement be this simple?
Replies: 31
Views: 4263

Re: Can retirement be this simple?

If things are so rosy, why not defer social security until you turn 70? That get's you an additional 24% monthly payment for the rest of your life. That's about the best deal out there. Plus, it's pretty good longevity insurance.
by printer86
Mon May 18, 2020 8:54 am
Forum: Investing - Theory, News & General
Topic: Post Retirement Withdrawl Strategies
Replies: 8
Views: 872

Re: Post Retirement Withdrawl Strategies

I have definitely spent more time contemplating our financial journey thru retirement than the personal fulfillment aspect. A couple of personal thoughts that got me here. I have been a quota carrying sale rep for the vast majority of my career. Without a technical degree or professional skill, sale...
by printer86
Sun May 17, 2020 7:11 pm
Forum: Investing - Theory, News & General
Topic: Post Retirement Withdrawl Strategies
Replies: 8
Views: 872

Re: Post Retirement Withdrawl Strategies

Navigating early retirement relies heavily on one's individual circumstances. Everyone has a slightly different mix of investments and priorities. I am also retiring this year at about your age. Our taxable/tax advantaged accounts are about evenly split. I intend to pull from our taxable accounts fo...
by printer86
Sat May 16, 2020 3:52 pm
Forum: Personal Investments
Topic: Please tell me I'm not crazy [Best way to manage an EF?]
Replies: 171
Views: 10360

Re: Please tell me I'm not crazy

Koala, I have a feeling that my perspective may help a little: ... Money is fungible And Lots of Good Info You Should Read ... I hope this helps. If not, well, I wasted my time EnjoyIt, I very much enjoyed your post and it certainly wasn't a waste of time. It is important to understand that money i...
by printer86
Sat May 16, 2020 9:47 am
Forum: Personal Investments
Topic: Please tell me I'm not crazy [Best way to manage an EF?]
Replies: 171
Views: 10360

Re: Please tell me I'm not crazy

Let me also add that compromise isn't always the best advice in a marriage. Sometimes, having the the ability to accept your spouse's position without compromise is the right answer.
by printer86
Sat May 16, 2020 9:30 am
Forum: Personal Investments
Topic: Please tell me I'm not crazy [Best way to manage an EF?]
Replies: 171
Views: 10360

Re: Please tell me I'm not crazy

I copied a previous post of mine as I think it is relevant to the OP. I've shared this story before on Bogleheads. In 2006, I had an unexpected professional setback where I had to completely rebuild my sales career. It took about 20 months for me to become cashflow positive again. I relied on my eme...
by printer86
Sat May 16, 2020 8:25 am
Forum: Personal Finance (Not Investing)
Topic: [any downside to telling your parents your income?]
Replies: 32
Views: 2458

Re: [any downside to telling your parents your income?]

I've spent the last 30 or so years in the same role as you. I've also had several blowout years where I probably lapped all my sibling's earnings combined. Do not share your earnings numbers with family. Especially variable income earnings. If you want your mother to share in your pride, just tell h...
by printer86
Sat May 16, 2020 8:13 am
Forum: Personal Investments
Topic: Vanguard Wellington Fund vs TIAA-CREF?
Replies: 20
Views: 1860

Re: Vanguard Wellington Fund vs TIAA-CREF?

Slowtraveler wrote:
Fri May 15, 2020 10:54 pm
Wellington is amazing as long as it's not your only significant holding.
Please explain this statement.
by printer86
Fri May 15, 2020 1:50 pm
Forum: Personal Investments
Topic: Lost Job Temporarily -- Sell Brokerage?
Replies: 19
Views: 1814

Re: Lost Job Temporarily -- Sell Brokerage?

These are trying times. especially for those with travel and entertainment tied income. My advice would be to have about 18 -24 months worth of expenses out of risk assets. If 18 months expenses total $100k, and you have $70k in the bank, move $30k to a money market fund in your brokerage account du...
by printer86
Fri May 15, 2020 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Leaving a Job Voluntarily during a pandemic?
Replies: 31
Views: 2905

Re: Leaving a Job Voluntarily during a pandemic?

Yes, I would take the deal as the downside risk of a future layoff has now increased. Your CPA skillset should help you land another job. This opportunity may also provide you with a chance to explore new locales. I grew up in the NYC area, but took a relocation package to another part of the countr...
by printer86
Thu May 14, 2020 9:17 pm
Forum: Investing - Theory, News & General
Topic: If “cost” is the #1 reason Active managers lose, why not use Vanguard’s low-cost active funds?
Replies: 61
Views: 3702

Re: If “cost” is the #1 reason Active managers lose, why not use Vanguard’s low-cost active funds?

Aside from my spouse’s very small inherited IRA (too small for Admiral shares), all of our tax deferred funds are invested in the Wellington Fund. I was never a good rebalancer, so I pay Vanguard to do it for me.
by printer86
Wed May 13, 2020 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: finding someone to discuss numbers
Replies: 12
Views: 1131

Re: finding someone to discuss numbers

HansBoglehead , welcome to the forum. You could share rounded numbers using the Asking Portfolio Questions format and likely get worthwhile responses. Not exactly what you asked for, but maybe.... Just to add to the above comment. Once you start getting feedback from an "asking portfolio questions"...
by printer86
Tue May 12, 2020 7:57 pm
Forum: Personal Investments
Topic: Early retirement ladders for subsidies
Replies: 11
Views: 1371

Re: Early retirement ladders for subsidies

I'm retiring later this fall at 56 years old. We'll be drawing solely from our taxable accounts for the next several years in order to meet the ACA income limits. My plan is to hold off on drawing from our tax deferred accounts until sometime in my 60's. The timing will be contingent on our spending...
by printer86
Sun May 10, 2020 9:25 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2020!
Replies: 183
Views: 21004

Re: Roll Call for the Retirement Class of 2020!

Pleas add me to the retirement class of 2020. I contacted my manager a couple of weeks ago and told him that I wanted to retire later this year at 56 years old. We worked out a plan where I will train my replacement (remotely, as I already work from home) over the course of the summer. My last day o...
by printer86
Sat May 09, 2020 9:05 pm
Forum: Personal Investments
Topic: Goal Reached - Now What?
Replies: 30
Views: 3345

Re: Goal Reached - Now What?

The performance pressures of my job won’t allow me to ease into retirement over the course of a year or two. So, when I hit my number earlier this year, I contacted my manager and told him it was time to plan for my transition out. We worked out a process where I will train my replacement during the...
by printer86
Wed May 06, 2020 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: How Do Early Retirees Pay for Medical
Replies: 132
Views: 9725

Re: How Do Early Retirees Pay for Medical

If you are planning to use the ACA, make sure you keep your income above the minimum amount required to get subsidies. There is a minimum amount and a maximum amount you need to be in between to get the subsidies. Agreed. In addition to interest and dividends, I plan to do Roth conversions to meet ...
by printer86
Wed May 06, 2020 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: How Do Early Retirees Pay for Medical
Replies: 132
Views: 9725

Re: How Do Early Retirees Pay for Medical

I'm early retiring this fall. Our plan is to use my COBRA policy thru 2021 and then sign up for the ACA in 2022. I also plan to manage our MAGI starting in 2022 to obtain the ACA discounts. Things may change in the future, but that's my plan for now.
by printer86
Wed May 06, 2020 7:09 pm
Forum: Personal Investments
Topic: Rethinking Emergency / Savings Account options and risks: Ally / ICSH / MINT
Replies: 11
Views: 829

Re: Rethinking Emergency / Savings Account options and risks: Ally / ICSH / MINT

I've shared this story before on Bogleheads. In 2006, I had an unexpected professional setback where I had to completely rebuild my sales career. It took about 20 months for me to become cashflow positive again. I relied on my emergency fund to cover any income shortfalls during those 20 months. Hav...
by printer86
Tue May 05, 2020 1:21 pm
Forum: Personal Investments
Topic: Tell me what I don't know about retirement?
Replies: 55
Views: 4864

Re: Tell me what I don't know about retirement?

I just announced my plans at work to early retire (56yo) later this fall. I spent the last 3 years reviewing our expenses, aligning our portfolio and educating myself on what I need to do to ensure a steady retirement. Most of the important stuff has already been said in this thread. I just want it ...
by printer86
Mon May 04, 2020 10:33 am
Forum: Personal Investments
Topic: CDs as your fixed income, bonds, or both?
Replies: 13
Views: 1488

Re: CDs as your fixed income, bonds, or both?

I'm gravitating into two 3 year CDs and the rest in HYSA and just rotate two CDs. This keeps it pretty simple. About every 1.5 years I will search for the highest rate 3 year CD if the place passes my inspection and spend 20 minutes doing the paperwork. I just need to keep around 2 years of expense...
by printer86
Mon May 04, 2020 10:27 am
Forum: Personal Consumer Issues
Topic: Has Your Spending Changed Since The Shutdown?
Replies: 180
Views: 6586

Re: Has your budget changed? What items have you cut out?

My $20/mo. haircutting expense doubled in April as I had to invest in one of those buzz cut electric razors. It should be expense neutral by June. :D Last week, I announced my plans to retire in September from my megacorp sales job. Our future plans were to see and enjoy the world. Well, that part o...
by printer86
Sat May 02, 2020 9:16 pm
Forum: Personal Investments
Topic: Money manager, is it worth it ? 1M to invest.
Replies: 21
Views: 2317

Re: Money manager, is it worth it ? 1M to invest.

Cancel the meeting and keep the money parked in the money market funds while you educate yourself here. You’ll soon realize how simple managing your own account can be.
by printer86
Thu Apr 30, 2020 12:08 pm
Forum: Personal Investments
Topic: Confused on where to start 15% for retirement
Replies: 17
Views: 1368

Re: Confused on where to start 15% for retirement

You can always hold off on contributing to your Roth accounts until the time you prepare your taxes and ascertained your exact income for the previous year. If I understand it correctly, you have until April of the following year to write that Roth check. As stated above, fund your tax deductible an...
by printer86
Tue Apr 28, 2020 8:51 pm
Forum: Personal Investments
Topic: Recent Retiree using rising equity glide path - only increase equity during crashes?
Replies: 41
Views: 2255

Re: Recent Retiree using rising equity glide path - only increase equity during crashes?

20 years is a lot of opportunity cost it also seems like too clever a plan to defend against sorr, just start off with a fund like wellesley income (35/65) and dca into it over a period much shorter than 20 yrs wellesley lost about 20% recently and is close to recovered, your sorr worries will be m...
by printer86
Sun Apr 26, 2020 10:59 am
Forum: Personal Investments
Topic: Early retirees who were close - how are you adjusting
Replies: 45
Views: 6132

Re: Early retirees who were close - how are you adjusting

I posted a couple times on other threads about our current situation. We are a one income, two person household. As we entered the new year, my plan was to retire from my megacorp sales job sometime this summer, around my 56th birthday. I was waiting until mid-March, when I received a sizable commis...
by printer86
Thu Apr 23, 2020 11:19 am
Forum: Investing - Theory, News & General
Topic: Future 60/40 Portfolio has a 43% Chance of Failing with 4% Withdrawal Rate
Replies: 622
Views: 31414

Re: Future 60/40 Portfolio has a 43% Chance of Failing with 4% Withdrawal Rate

My post 90 plan is to sell the paid off house and use that money for CCRC expenses. You may be aware of this, but you might not be able to get certain CCRC contracts by that age due to very likely having chronic health issues. Sorry, I wasn't clear. We'd probably sell closer to 80, but the money fr...
by printer86
Thu Apr 23, 2020 11:11 am
Forum: Investing - Theory, News & General
Topic: Future 60/40 Portfolio has a 43% Chance of Failing with 4% Withdrawal Rate
Replies: 622
Views: 31414

Re: Future 60/40 Portfolio has a 43% Chance of Failing with 4% Withdrawal Rate

Smitkat,

Thanks. My point in stating our situation in this thread is that people really need to consider the value of these income streams when forecasting retirement needs. For us, the SS and small pension amount provide a material difference to our later retirement income.
by printer86
Thu Apr 23, 2020 11:03 am
Forum: Investing - Theory, News & General
Topic: Who has changed FROM the 3 Fund Portfolio?
Replies: 28
Views: 2162

Re: Who has changed FROM the 3 Fund Portfolio?

Anyone care to talk about the value of Market Education and coming to peace with this as a three fund person? This might make an interesting separate topic and I may repost, we will see what traction it gets here.... Yes, this would make a great (separate) topic. I was a stock picker, then a slice-...
by printer86
Thu Apr 23, 2020 10:40 am
Forum: Investing - Theory, News & General
Topic: Who has changed FROM the 3 Fund Portfolio?
Replies: 28
Views: 2162

Re: Who has changed FROM the 3 Fund Portfolio?

Over the years, our three tax deferred accounts have gone from holding 5 funds, to 4, then 3. All our tax deferred accounts are now invested in the Wellington fund. We plan on maintaining this position even after we start drawing on these funds in 5-15 years.
by printer86
Thu Apr 23, 2020 9:18 am
Forum: Investing - Theory, News & General
Topic: Future 60/40 Portfolio has a 43% Chance of Failing with 4% Withdrawal Rate
Replies: 622
Views: 31414

Re: Future 60/40 Portfolio has a 43% Chance of Failing with 4% Withdrawal Rate

"...The SS Calculator says that if I stopped working this year, my SS at 70 years old will be $43.5k/yr....." ... - Are you sure your projected SS at 70 was calculated by adding zeros for income in every year after age 56? Good question and worth checking, but the stated answer is at least plausibl...
by printer86
Wed Apr 22, 2020 10:33 pm
Forum: Investing - Theory, News & General
Topic: Future 60/40 Portfolio has a 43% Chance of Failing with 4% Withdrawal Rate
Replies: 622
Views: 31414

Re: Future 60/40 Portfolio has a 43% Chance of Failing with 4% Withdrawal Rate

will,

Should one add in the implied value of future SS, and any pension, to one’s total portfolio when calculating SWR like I noted in my above post? I find it difficult to calculate SWR when incorporating a two tiered annual drawdown amount structure (pre and post SS).
by printer86
Wed Apr 22, 2020 8:57 pm
Forum: Investing - Theory, News & General
Topic: Future 60/40 Portfolio has a 43% Chance of Failing with 4% Withdrawal Rate
Replies: 622
Views: 31414

Re: Future 60/40 Portfolio has a 43% Chance of Failing with 4% Withdrawal Rate

As I approach 56 years old, my Social Security earnings years are pretty much in the books already. The SS Calculator says that if I stopped working this year, my SS at 70 years old will be $43.5k/yr. DW will also be able to claim spousal SS in the amount of $17.5k. If you add in the $11k/yr. from m...
by printer86
Mon Apr 20, 2020 11:12 am
Forum: Personal Investments
Topic: Asset allocation with an HSA
Replies: 20
Views: 978

Re: Asset allocation with an HSA

We also cash flow our medical expenses and use the HSA as a retirement vehicle. The AA in our HSA mirrors our other tax deferred accounts (65/35). I accumulate funds in the HSA and use the intermittent purchases as a way to rebalance my account. We currently hold only 2 funds in our HSA (SPTM and SP...
by printer86
Sun Apr 19, 2020 9:31 am
Forum: Personal Investments
Topic: 2 years from retirement - add to total bond?
Replies: 23
Views: 2402

Re: 2 years from retirement - add to total bond?

You don't mention your plans for Social Security (when you plan to claim and what percentage of your retirement income the benefits are expected to provide), but my observation is that MOST investors with more than 30% in bonds need to start confronting the possibility of inflation risk . Right now...
by printer86
Sat Apr 18, 2020 9:05 pm
Forum: Personal Investments
Topic: 2 years from retirement - add to total bond?
Replies: 23
Views: 2402

Re: 2 years from retirement - add to total bond?

I hesitate to offer any recommendation without a more clear picture of your assets and spending plan. However, I agree with the above post saying that you should have several years of fixed income/cash as you enter retirement. Also, your age is an important consideration.
by printer86
Thu Apr 16, 2020 9:57 pm
Forum: Investing - Theory, News & General
Topic: Press Release 4/16/20– Vanguard Closes Treasury Money Market Fund to New Investors
Replies: 46
Views: 4089

Re: Press Release 4/16/20– Vanguard Closes Treasury Money Market Fund to New Investors

is SPAXX basically the same thing as VUSXX? my fidelity accounts parks cash in SPAXX and its 7 day yield is very low at .01%. why would anyone want to put their money in money market right now? could get 1.5% in Ally savings account. For me, I moved the money from a low yielding savings account ove...
by printer86
Fri Apr 10, 2020 8:27 am
Forum: Personal Investments
Topic: Follow Bernstein or Bogle
Replies: 99
Views: 7356

Re: Follow Bernstein or Bogle

This forum can help you out if you structure your question properly. Read this post to understand the format that will best help you learn from the smart folks here.

viewtopic.php?f=1&t=6212
by printer86
Thu Apr 09, 2020 9:26 pm
Forum: Personal Investments
Topic: Follow Bernstein or Bogle
Replies: 99
Views: 7356

Re: Follow Bernstein or Bogle

Don't you just hate it when someone posts and then runs. I’m not running...I’ve been doing my homework! Thank you very much to everyone who has posted a reply. I spent a good part of today trying to determine our monthly expenses which I have still to finalize. I was inaccurate in saying that 95 k ...
by printer86
Thu Apr 09, 2020 1:14 pm
Forum: Personal Investments
Topic: Follow Bernstein or Bogle
Replies: 99
Views: 7356

Re: Follow Bernstein or Bogle

Don't you just hate it when someone posts and then runs.
by printer86
Wed Apr 08, 2020 9:32 am
Forum: Personal Investments
Topic: Follow Bernstein or Bogle
Replies: 99
Views: 7356

Re: Follow Bernstein or Bogle

One other thing I would definitely give a hard look is your spending. You are a conservative investor and financial worrier, so it should be disconcerting (if I’m reading it correctly) that $95,000 is only 4-6 months of expenses with a paid for home. You could vastly improve you long term financial...
by printer86
Wed Apr 08, 2020 8:42 am
Forum: Personal Investments
Topic: Wellington vs. 3 fund
Replies: 17
Views: 2421

Re: Wellington vs. 3 fund

I'm your age and we have all of our tax deferred funds in Wellington. This amounts to 50% of our investable assets. I don't plan on accessing these funds for another 9-10 years. There is no tinkering with this part of our portfolio. None! You want to tinker, buy an old Jaguar.
by printer86
Tue Apr 07, 2020 2:50 pm
Forum: Personal Investments
Topic: Portfolio Review - Plan for safe bridge during "early" retirement
Replies: 13
Views: 1382

Re: Portfolio Review - Plan for safe bridge during "early" retirement

As a 55 year old couple planning to retire at any moment, health insurance is an important consideration for us. You will need to consider your health insurance plans prior to Medicare eligibility age. If you are considering the ACA, you may want to manage your taxable income from 55-65.