Search found 29 matches

by Edge_90
Thu Sep 06, 2018 1:49 pm
Forum: Personal Investments
Topic: Psychology of saving for college vs retirement
Replies: 66
Views: 4365

Re: Psychology of saving for college vs retirement

Just another experience here from a 2 income HH, $170k gross annually. - 2 daughters, 1 in college (junior, state school), 1 HS senior looking at state schools, undecided - still have mortgage debt x 13 yrs ($1300/mo) at 2.875% - car loan x 1 more year, $300/mo @1.9% - not maxed out in ret accounts,...
by Edge_90
Wed Aug 22, 2018 12:28 pm
Forum: Personal Consumer Issues
Topic: Good Non-Boring Boglehead Cars Under $30k
Replies: 247
Views: 17835

Re: Good Non-Boring Boglehead Cars Under $30k

Is a Nissan Rogue (AWD) is out of the question? We like ours and it's not as boring as the Camry, though that's not saying much :P

https://www.nissanusa.com/vehicles/cros ... rogue.html
by Edge_90
Tue Aug 07, 2018 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Milestones on the way to FI [Financial Independence]
Replies: 33
Views: 4914

Re: Milestones on the way to FI

If you are a homeowner: When your net worth (including equity in home) goes positive. I made a chart that showed me the progress to that crossover point. Not sure I understood this (but then I've never been a homeowner). If you borrow 100k and buy a house worth 100k, surely this doesn't bring your ...
by Edge_90
Mon Mar 05, 2018 1:47 pm
Forum: Personal Investments
Topic: Portfolio Checkup: What have I missed? Some questions (pension buyout, DW SSA filing)
Replies: 14
Views: 1155

Re: Portfolio Checkup: What have I missed? Some questions (pension buyout, DW SSA filing)

Just w/respect to the pension buyout option, I'd definitely take it. A 101,500 lump sum, earning 4% would give you the rough equivalent of your monthly payment option, only it would preserve principal which may grow as well. Just my opinion, but it seems pretty straightforward. It will take you 24 y...
by Edge_90
Thu Mar 01, 2018 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Ratio of minimum vs discretionary retiree couple expenses
Replies: 51
Views: 3544

Re: Rock bottom minimum retiree couple expenses

I did some admittedly crude back of the napkin calculations and I'd say we're living comfortably today on 60% of our net income. I used net so that automatically backs out tax-deferred employer-based retirement savings. Then I backed out the mortgage (but not the real estate taxes), 24k savings/year...
by Edge_90
Fri Feb 16, 2018 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: How to get child's skin in the game for college?
Replies: 135
Views: 8793

Re: How to get child's skin in the game for college?

Father of 2 here, oldest daughter in second year of college at state school. We're close to being able to cover 100% of her expenses, and may cover it all by the end, but there are some minor interim student loan balances. We'll help wipe those out after graduation if necessary. Many other developed...
by Edge_90
Wed Jan 31, 2018 10:28 am
Forum: Personal Investments
Topic: Do it myself or hire a pro?
Replies: 27
Views: 3304

Re: Do it myself or hire a pro?

Great advice already given above. I just can't imagine paying all those loads and fees, especially after having "won". It sounds like you could be overwhelmed by the number of options. It also sounds like this all could potentially go into taxable? In at least the short term would something like Van...
by Edge_90
Wed Jan 10, 2018 2:35 pm
Forum: Personal Investments
Topic: An economist dismisses the idea of dollar cost averaging
Replies: 71
Views: 6727

Re: An economist dismisses the idea of dollar cost averaging

Back to the OP, I'm not quite getting how the subsequent investments of $1k are some how expanded to a re-spinning of the wheel for the whole amount previously invested. Those funds are not being reinvested. They were initially invested and their spin is over: Spin 1 - $1,000 Spin 2 - $1,000 Spin 3 ...
by Edge_90
Mon Dec 11, 2017 12:01 pm
Forum: Personal Investments
Topic: What might you ask In-laws' FA?
Replies: 39
Views: 3821

Re: What might you ask In-laws' FA?

Any updates? Yep, I can update. So we (SIL, DW, MIL, and myself) sat down with the FA in their office the next county over. It's a local outfit who primarily uses American Funds. The initial meeting was to sign some POA documents, but after that we started asking questions. FA wasn't totally prepar...
by Edge_90
Mon Nov 13, 2017 4:37 pm
Forum: Personal Investments
Topic: What might you ask In-laws' FA?
Replies: 39
Views: 3821

Re: What might you ask In-laws' FA?

3a) A risk, in your situation, of pushing a viewpoint to hard is that if the in-laws do follow that viewpoint, and bad things happen afterwards (i.e. the market crashes or whatever), that it may strain personal relationships. Think about how much you want to get involved and how hard you want to pu...
by Edge_90
Mon Nov 13, 2017 2:36 pm
Forum: Personal Investments
Topic: What might you ask In-laws' FA?
Replies: 39
Views: 3821

Re: What might you ask In-laws' FA?

Of note, my wife and her sister are attending the meeting as well. Sis in law is newly married to a banker and I believe she'll have a list of questions As Randomguy mentioned, the in-laws' intent of this meeting might not be for you to grill the FA on fees and compensation but rather to introduce ...
by Edge_90
Mon Nov 13, 2017 2:04 pm
Forum: Personal Investments
Topic: What might you ask In-laws' FA?
Replies: 39
Views: 3821

Re: What might you ask In-laws' FA?

4. If on the other hand the FA takes 1% per year AUM (which is what we suspect), then they are paying him $2500 (.01 X $250,000 = $2500). Highly likely. OP, Using Arctic's example: Make sure they understand that If they are withdrawing 4% from the portfolio and paying him (or her) 1%, that's fully ...
by Edge_90
Mon Nov 13, 2017 2:02 pm
Forum: Personal Investments
Topic: What might you ask In-laws' FA?
Replies: 39
Views: 3821

Re: What might you ask In-laws' FA?

Is the FA a fiduciary? I believe the answer is "No" Again I appreciate the "be cautious" responses. Any potential changes will be 100% their decision. Of note, my wife and her sister are attending the meeting as well. Sis in law is newly married to a banker and I believe she'll have a list of quest...
by Edge_90
Mon Nov 13, 2017 12:20 pm
Forum: Personal Investments
Topic: What might you ask In-laws' FA?
Replies: 39
Views: 3821

Re: What might you ask In-laws' FA?

Just great feedback all around, thank you so much everyone. It helps for perspective and potential pitfalls. I'll re-read all of the responses throughout the week as I prepare for the meeting, keeping all points in mind. My intention is to support my in-laws, and simply make things (costs) clear to ...
by Edge_90
Mon Nov 13, 2017 10:33 am
Forum: Personal Investments
Topic: What might you ask In-laws' FA?
Replies: 39
Views: 3821

What might you ask In-laws' FA?

I've been asked by my in-laws to go along for a meeting with their FA, a local outfit. They are mid-70s and have been with this guy for decades. They are financially ignorant when it comes to investing. They are unable to articulate how the FA is compensated and to what degree. I think this is my ba...
by Edge_90
Mon Oct 23, 2017 3:33 pm
Forum: Personal Investments
Topic: Advice needed: Savings & investment strategy
Replies: 7
Views: 845

Re: Advice needed: Savings & investment strategy

Based on your current retirement savings ($437k) and annual contributions ($21,500) a compound interest calculator comes up with over $2.5M after 25 years at 5%. Wish I had that much saved when I was your age (now 51)! Seems like you're doing fine w/savings and your earnings are likely to increase t...
by Edge_90
Fri Oct 13, 2017 10:14 am
Forum: Personal Consumer Issues
Topic: Which Streaming Service/Live TV?
Replies: 53
Views: 10362

Re: Which Streaming Service/Live TV?

We cut cable and we now: 1) Have an antenna in the attic 2) Antenna is connected to Tivo OTA with lifetime license 3) Roku for streaming Netflix, Amazon Prime, Acorn (British shows relatively cheap), PBS (costs $5 per month to get access to everything) and Hulu (almost making #1 and #2 redundant ex...
by Edge_90
Sun Oct 01, 2017 3:45 pm
Forum: Personal Investments
Topic: Asset Allocation between IRAs (Roth, Traditional, Inherited) - Three Fund
Replies: 5
Views: 665

Re: Asset Allocation between IRAs (Roth, Traditional, Inherited) - Three Fund

I'd ultimately like to grow this further with no plans of taking any additional distributions. This just caught my eye. I inherited an IRA from my Mom and did as you did - transferred to VG. Beneficiary IRA rules require you to take RMDs over the course of your life expectancy. Not much initially t...
by Edge_90
Wed Sep 20, 2017 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 32662

Re: Calling out the not so rich bogleheads

I can appreciate what the OP's intent is I think - to help be a little more "real" about the financial situations of the BH board as a whole and make it less daunting to admit our financial shortcomings or poor situation(s). Working as a non-physician in healthcare it can be a bit off-putting to rea...
by Edge_90
Thu Aug 03, 2017 2:56 pm
Forum: Personal Investments
Topic: Young, first time investor
Replies: 11
Views: 1547

Re: Young, first time investor

Hello martin101010, Lots of possibilities, but in an effort to simplify here is just what I would do. Your number 1 asset is your youth and the length of time you will be invested in the market. Sounds like you can possibly have an annual salary at this point of $15,00 or so? I would immediately: 1)...
by Edge_90
Wed Aug 02, 2017 5:03 pm
Forum: Personal Investments
Topic: Young Investor, What am I doing?
Replies: 12
Views: 1291

Re: Young Investor, What am I doing?

Hey just wanted to chime in and say you're light years ahead of where I was at 21. You are in the right place. Sounds like you have your whole life in front of you for sure. This means you have one of the greatest investing assets: time in the market. Having not started a Roth until age 50, I can te...
by Edge_90
Sat Feb 11, 2017 4:29 pm
Forum: Personal Investments
Topic: Thinking of changing up 403b - does this look reasonable to save on ER/maximize earnings?
Replies: 7
Views: 508

Re: Thinking of changing up 403b - does this look reasonable to save on ER/maximize earnings?

Considering: 50% VG Insitutional Index Fund - VINIX (0.09) 20% VG Mid Cap Index Admiral - VIMAX (0.13) 10% VG Small Cap Index Admiral - VSMAX (0.13) 20% VG GNMA Fund Admiral - VFIJX (0.16) I think using the GNMA fund for all of your bond allocation is not ideal. You would be better off with a bond ...
by Edge_90
Sat Feb 11, 2017 4:20 pm
Forum: Personal Investments
Topic: Thinking of changing up 403b - does this look reasonable to save on ER/maximize earnings?
Replies: 7
Views: 508

Re: Thinking of changing up 403b - does this look reasonable to save on ER/maximize earnings?

Can you post the complete list of the funds available in your 403b? Especially all the bond funds and their ERs? Yep I'll give it a shot: Inv Option Inv Type Ticker ER Admin Fee Total ER Stable Value Fund Fixed N/A 1.11 0.00 1.11 DFA Inflation-Protected Securities I Bond DIPSX 0.12 0.10 0.22 Metrop...
by Edge_90
Sat Feb 11, 2017 3:41 pm
Forum: Personal Investments
Topic: Thinking of changing up 403b - does this look reasonable to save on ER/maximize earnings?
Replies: 7
Views: 508

Re: Thinking of changing up 403b - does this look reasonable to save on ER/maximize earnings?

That portfolio looks reasonable to me. Your weighted ER would be 0.116% with that portfolio, a bit less than half what you're currently paying. I think that saving 13 basis points is worthwhile. Are you comfortable with an 80/20 portfolio, given your goals and time frame? Thanks so much for doing t...
by Edge_90
Sat Feb 11, 2017 3:07 pm
Forum: Personal Investments
Topic: Thinking of changing up 403b - does this look reasonable to save on ER/maximize earnings?
Replies: 7
Views: 508

Thinking of changing up 403b - does this look reasonable to save on ER/maximize earnings?

Hello, I started out contributing pretty late to my 403b, and with little knowledge. Have since increased both my contributions and investing education thanks to this site and multiple recommended books. Age 50, planning to retire in 15 years. This isn't as much about my entire portfolio as it is ab...
by Edge_90
Mon Aug 01, 2016 2:16 pm
Forum: Personal Investments
Topic: Advice for a new investor: modest inheritance
Replies: 8
Views: 1195

Re: Advice for a new investor: modest inheritance

Thanks for everyone's thoughtful replies. There is a lot to consider - it's good advice to "sit tight" I suppose and leave with Wells Fargo until I figure out a strategy. New poster here so thanks for bearing with me.
by Edge_90
Mon Aug 01, 2016 8:49 am
Forum: Personal Investments
Topic: Advice for a new investor: modest inheritance
Replies: 8
Views: 1195

Re: Advice for a new investor: modest inheritance

Wow, not enough info? Ok, as stated in the OP my retirement age is 65 (15 years). As far as AA I am pretty heavily in stocks with 403B (80/20), not sure about my wife's 403B yet, will be learning more on that shortly. But you are right AA is really something that I have not specifically defined at t...
by Edge_90
Mon Aug 01, 2016 8:11 am
Forum: Personal Investments
Topic: Advice for a new investor: modest inheritance
Replies: 8
Views: 1195

Re: Advice for a new investor: modest inheritance

I'll follow up the original post by acknowledging that we have no Roth IRAs at this time. Whether its a matter of using a portion of the 50k or digging into emergency fund I do feel my wife and I both need to invest in Roths. Also, we have two older children, 1 starting college and 1 going into 10th...
by Edge_90
Sun Jul 31, 2016 9:53 pm
Forum: Personal Investments
Topic: Advice for a new investor: modest inheritance
Replies: 8
Views: 1195

Advice for a new investor: modest inheritance

Emergency funds: 4 months of expenses, very stable employment (knock on wood of course) Debt: mortgage only, just refinanced at 2.875/15yr (a little over 200k); equity approx $120k Tax Filing Status: Married Filing Jointly Tax Rate: 28% Federal State of Residence: PA Age: 49 Inheriting approx 100k i...