Search found 314 matches

by Fishing50
Mon Mar 18, 2019 1:11 am
Forum: Personal Investments
Topic: EF placement
Replies: 8
Views: 777

Re: EF placement

by Fishing50
Sun Mar 17, 2019 2:08 am
Forum: Personal Investments
Topic: Portfolio Review - 7 years until Retirement
Replies: 13
Views: 1921

Re: Portfolio Review - 7 years until Retirement

I'm a couple years away from a FERS retirement, and my wife has a pension from her state job. That coupled with SS will cover most of our expenses in retirement, Definitely it will cover the basics. With that in mind we've been comfortable keeping a 75/25 allocation. With retirement on the near hor...
by Fishing50
Sat Mar 16, 2019 4:22 am
Forum: Personal Investments
Topic: Portfolio Review - 7 years until Retirement
Replies: 13
Views: 1921

Re: Portfolio Review - 7 years until Retirement

Changing nothing is a reasonable option for you. 1. Should I max out my TSP before contributing to the IRAs since the ER is lower? I am doing the opposite now – maxing our IRAs first. Roth TSP now is a solid choice. You are paying 12% taxes, and you will be in the 12% tax bracket during retirement. ...
by Fishing50
Sun Mar 10, 2019 3:42 am
Forum: Personal Investments
Topic: Tax efficiency in a taxable account
Replies: 20
Views: 2148

Re: Tax efficiency in a taxable account

I am in a lower tax bracket, I think it is 12% this year. In 2017 my effective federal tax rate (line 56 / line 38) was 4.3% no state tax owed In 2016 my effective federal tax rate (line 56 / line 38) was 3.8% no state tax owed In 2015 my effective federal tax rate (line 56 / line 38) was 6.8% no s...
by Fishing50
Sun Mar 10, 2019 1:45 am
Forum: Personal Investments
Topic: [taxable] Mutual fund investment BEFORE maxing TSP?
Replies: 12
Views: 637

Re: [taxable] Mutual fund investment BEFORE maxing TSP?

Your plan makes sense: Max TSP, then make taxable investments.
TSP is a long term commitment, but you can reduce future savings rate if you need to increase spending in future years.

You should strongly consider Roth TSP because your future pension will fill the lowest tax brackets in retirement.
by Fishing50
Thu Mar 07, 2019 1:32 am
Forum: Personal Investments
Topic: 39 year old; Portfolio Review
Replies: 10
Views: 3184

Re: 39 year old; Portfolio Review

1. I like 70/30 allocation for a lifetime in early retirement. Withdrawal rate is the big variable. Big ERN Withdrawal Rate analysis helped me develop a plan. https://earlyretirementnow.com/start-here/ 4. Consolidation in TSP seems reasonable. 5. I'd simplify and sell. 6. Invest the cash in Vanguard...
by Fishing50
Thu Mar 07, 2019 12:54 am
Forum: Personal Finance (Not Investing)
Topic: Financial Check Up Before Move
Replies: 8
Views: 985

Re: Financial Check Up Before Move

Once you move, you can change residency to FL--No State Income Tax!
by Fishing50
Thu Feb 28, 2019 2:44 am
Forum: Personal Investments
Topic: Military Family- AA HELP!! Restructure HELP to GOALs
Replies: 9
Views: 591

Re: Military Family- AA HELP!! Restructure HELP to GOALs

I left comments on your other thread, but I'll give a quick recap. You have more than most, and if you (and/or your wife) stay for a pension you have an opportunity for a long, well funded retirement. Don't skimp on life to reach an overly aggressive savings goal, you are collocated with your family...
by Fishing50
Wed Feb 27, 2019 2:56 am
Forum: Personal Investments
Topic: 30 years old - Evaluate my finances, review request
Replies: 8
Views: 1131

Re: 30 years old - Evaluate my finances, review request

We're active duty military, 2 years from retirement. You have a good plan, get your money invested now and pay future obligations with future pay. I agree with megabad recommendation for investing the $180K in 140k VTSAX & 40k VTIAX because they are tax efficient, well diversified funds you can hold...
by Fishing50
Mon Feb 25, 2019 2:04 am
Forum: Personal Investments
Topic: Check-in for Military Family, Goal: FIRE in 8 yrs
Replies: 9
Views: 1370

Re: Check-in for Military Family, Goal: FIRE in 8 yrs

Couple of comments: Vanguard Health Care Fund Admiral (VGHAX) & Vanguard Wellington Admiral (VWENX) are certainly not tax efficient in taxable. If you don't want to sell it, at least stop reinvesting dividends and capital gains to mitigate the tax issues. The plan to to sell Wellington the next tim...
by Fishing50
Sat Feb 23, 2019 3:24 pm
Forum: Personal Investments
Topic: Check-in for Military Family, Goal: FIRE in 8 yrs
Replies: 9
Views: 1370

Re: Check-in for Military Family, Goal: FIRE in 8 yrs

Couple of comments: Vanguard Health Care Fund Admiral (VGHAX) & Vanguard Wellington Admiral (VWENX) are certainly not tax efficient in taxable. If you don't want to sell it, at least stop reinvesting dividends and capital gains to mitigate the tax issues. Tax efficient and asset location priorities:...
by Fishing50
Sun Feb 17, 2019 6:14 am
Forum: Personal Investments
Topic: Early retirement savings withdrawal strategy check-up
Replies: 11
Views: 2047

Re: Early retirement savings withdrawal strategy check-up

Some of your questions hit on some pertinent info I've left out... As far as my ability to contribute above the 19k limit for this year - I will be able to contribute just a shade under 19k to the Roth TSP, and then keep contributing to the Traditional TSP from tax-free pay, up to the 56k limit. Wh...
by Fishing50
Tue Feb 12, 2019 2:29 am
Forum: Personal Investments
Topic: TSP - how to allocate funding between ROTH TSP and Traditional TSP
Replies: 11
Views: 761

Re: TSP - how to allocate funding between ROTH TSP and Traditional TSP

Also to be noted - I believe that TSP forces you to withdraw TSP/ROTH TSP funds at equal rates. In other words, you cannot fully withdraw Roth first. TSP forces them to be equal based on holdings. So be prepared to roll your TSP to another firm if this is the case. Someone feel free to correct me i...
by Fishing50
Wed Jan 30, 2019 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage or taxable investing (with a twist)
Replies: 6
Views: 870

Re: Pay off mortgage or taxable investing (with a twist)

30year loan at 0% could be worth investing in a lump sum. This Big ERN article has a link recommending margin loans for retirement, so 0% loan would be much better. https://earlyretirementnow.com/2017/05/ ... isk-part2/
by Fishing50
Tue Jan 29, 2019 11:39 pm
Forum: Personal Investments
Topic: Roth or Traditional for Spouse IRA
Replies: 9
Views: 595

Re: Roth or Traditional for Spouse IRA

Roth IRA is the correct choice in the 12% tax bracket with a future pension.
Roth TSP might even be the correct choice in the 22% tax bracket. :shock:
https://thefinancebuff.com/most-tsp-par ... h-tsp.html
by Fishing50
Sun Jan 27, 2019 7:17 am
Forum: Personal Investments
Topic: Portfolio Checkup / Advice for Deployed Military
Replies: 4
Views: 392

Re: Portfolio Checkup / Advice for Deployed Military

You're doing spectacular for your age...well on course for early retirement, depending on college cost you assume. Your emergency fund is excessive, especially with sizable taxable resources. You could get much of that invested, and quarterly dividends could act as reserve cash. You're emergency fun...
by Fishing50
Sun Jan 27, 2019 4:01 am
Forum: Personal Investments
Topic: 29yo Military - Help, AA across Roth TSP & Roth IRA
Replies: 11
Views: 899

Re: 29yo Military - Help, AA across Roth TSP & Roth IRA

It's probably good to feel behind the power curve, but you don't need to dwell. You'll be fine with a pension and savings. Erase the debt. PCS time is expensive, it's good you saved money to buy cars and furnish a house. Those are expected expenses, NOT an Emergency Fund. You're emergency fund is pr...
by Fishing50
Sat Jan 26, 2019 5:30 am
Forum: Personal Investments
Topic: Advice for this 30 year old?
Replies: 22
Views: 2458

Re: Advice for this 30 year old?

Why are you doing Roth TSP? Just asking what your reasons are. It can make sense. I'm guessing you're looking forward to a pension. If that alone will get you into the same tax bracket after you retire, the Roth TSP can make sense then. If not, Trad. TSP would defer taxes now and you could be in a ...
by Fishing50
Tue Jan 22, 2019 3:05 am
Forum: Personal Investments
Topic: Military Paying down Mortgage Early
Replies: 19
Views: 1203

Re: Military Paying down Mortgage Early

I am confident we will not buy again until we are out of the service for good. On the surface, what types of tax advantages will this change bring assuming I contribute to the Roth option of TSP and max out my wife's traditional? I've read several topics on here about which type I should get into. ...
by Fishing50
Mon Jan 21, 2019 12:04 pm
Forum: Personal Investments
Topic: Military Paying down Mortgage Early
Replies: 19
Views: 1203

Re: Military Paying down Mortgage Early

4. Max out the retirement accounts we currently use.

Make Roth TSP contributions. https://thefinancebuff.com/most-tsp-par ... h-tsp.html
by Fishing50
Tue Jan 15, 2019 1:24 am
Forum: Personal Investments
Topic: Requesting Guidance - 29 y/o military investor
Replies: 20
Views: 1674

Re: Requesting Guidance - 29 y/o military investor

I don't believe military members needs a large emergency fund as other because absent severe misconduct, the next paycheck is darn near guaranteed. A couple thousand dollar savings account is enough for a car repair or a roundtrip plane ticket home if something devastating happens. I would submit t...
by Fishing50
Sun Jan 13, 2019 10:11 am
Forum: Personal Investments
Topic: Recently retired - Portfolio/plan review
Replies: 5
Views: 915

Re: Recently retired - Portfolio/plan review

Great. That helps a lot! Quick follow-up. I know that IRA contributions are limited to $7K/ea (>50) or to the extent of income. Do you know if a 457 Roth contribution decreases income for the purposes of this calculation? For instance, if spouse makes $35K and contributes $25K to a Roth 457, does t...
by Fishing50
Sun Jan 13, 2019 7:28 am
Forum: Personal Investments
Topic: Med student asking for portfolio help!
Replies: 11
Views: 1245

Re: Med student asking for portfolio help!

Based on your expected lifetime earnings, I'm guessing 12% tax bracket will be available for a limited time. Make withdrawals from the inherited to max out the 12% tax bracket every year ensuring $56,675 total income including your earned income. If possible max Roth 401k for $19K and Roth IRA for $...
by Fishing50
Sun Jan 13, 2019 5:12 am
Forum: Personal Investments
Topic: Recently retired - Portfolio/plan review
Replies: 5
Views: 915

Re: Recently retired - Portfolio/plan review

Yes, I think you have a reasonable approach to maximize the 12% tax bracket. 1. Determine your income needs from the portfolio and he withdrawal rate. It's probably in 3 pieces before SS, after SS, and after RMDs. You can afford a larger withdrawal rate early, if the withdrawal rate decreases after ...
by Fishing50
Sun Jan 13, 2019 3:51 am
Forum: Personal Investments
Topic: Requesting Guidance - 29 y/o military investor
Replies: 20
Views: 1674

Re: Requesting Guidance - 29 y/o military investor

Carmonkie, My current stock to bond portfolio (from what I've researched and seen) should be 80% stocks / 20% bonds, of that 80% stocks, 20% (not too informed on international funds) would be international. Does that sound far off from other young Bogleheads? Yes, 80/20 is good with 20% internation...
by Fishing50
Sat Jan 12, 2019 10:59 am
Forum: Investing - Theory, News & General
Topic: Vanguard Brokerage Accounts
Replies: 75
Views: 8220

Re: Vanguard Brokerage Accounts

2018 anther Vanguard Year-to-Date Staement with only December activity listed.
Very Frustrating...
by Fishing50
Sat Jan 12, 2019 7:46 am
Forum: Personal Investments
Topic: Requesting Guidance - 29 y/o military investor
Replies: 20
Views: 1674

Re: Requesting Guidance - 29 y/o military investor

You're doing a great job, keep saving! BRS is a good deal, but you need TSP contributions also. If you cannont afford to max out TSP, never drop below the max match. You should be contributing as least a portion to Roth TSP because your future pension will increase the tax bracket on TSP distributio...
by Fishing50
Wed Jan 09, 2019 2:57 am
Forum: Personal Investments
Topic: Portfolio/Strategy Review - Happy New Year!
Replies: 6
Views: 600

Re: Portfolio/Strategy Review - Happy New Year!

A mix of traditional and Roth TSP is probably correct. Your marginal tax rate is low, your 60 yr old self probably will not regret paying 22% taxes on Roth contributions https://thefinancebuff.com/most-tsp-participiants-should-switch-to-the-roth-tsp.html Paying 22% on Roth contributions is a sure th...
by Fishing50
Mon Jan 07, 2019 12:15 am
Forum: Personal Investments
Topic: 2019 Planning - Traditional and Roth in TSP/IRA
Replies: 8
Views: 554

Re: 2019 Planning - Traditional and Roth in TSP/IRA

25 years old with a future pension...Roth TSP is probably best.
https://thefinancebuff.com/most-tsp-par ... h-tsp.html

I wouldn't be afraid to pay 22% taxes now. You will probably pay higher taxes than 22% before you retire in 35 years.
by Fishing50
Mon Jan 07, 2019 12:08 am
Forum: Personal Investments
Topic: Military dentist -- portfolio review request (new to forum)
Replies: 11
Views: 1873

Re: Military dentist -- portfolio review request (new to forum)

Fellow military officer approaching 28yrs of service with a few comments: Look at your investments as one portfolio to achieve asset allocation. Based on tax efficient, it's most important hold only equities in taxable due to favorable tax treatment of dividends and capital gains then hold bonds in ...
by Fishing50
Sat Jan 05, 2019 3:26 pm
Forum: Personal Consumer Issues
Topic: USAA apology letter?
Replies: 42
Views: 6270

Re: USAA apology letter?

Well, I guess we now know at least one reason why USAA issued the odd apology letter: https://www.militarytimes.com/pay-benefits/2019/01/03/usaa-customers-to-receive-more-than-12-million-for-alleged-violations-in-handling-accounts-errors/ As a former 35+ year USAA member, I was sorry to see them go...
by Fishing50
Sat Jan 05, 2019 2:24 pm
Forum: Personal Investments
Topic: TSP vs IRA priority help
Replies: 21
Views: 1488

Re: TSP vs IRA priority help

I'm career military, 2 years from retirement.

I agree, it doesn't matter much. I'd prioritize his and her Roth IRA accounts over TSP because Roth IRA contributions can be withdrawn for any reason.
by Fishing50
Sat Jan 05, 2019 7:54 am
Forum: Personal Investments
Topic: Portfolio review and advice on inherited funds
Replies: 12
Views: 907

Re: Portfolio review and advice on inherited funds

I'd pay off the auto loan and lump sum invest the rest into a total equity market index fund for tax efficient placement. Have dividends paid in cash, so you can spend them or reinvest them. https://www.bogleheads.org/wiki/Tax-efficient_fund_placement Convert VFINX expense ratio .14% to admiral shar...
by Fishing50
Sat Jan 05, 2019 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Improving the TSP [for current participants]
Replies: 273
Views: 44986

Re: Improving the TSP [for current participants]

It will be interesting to see how changes monthly distributions are actually implemented . The notes mention a new TSP-95 form. Hopefully it can be on-line and e-signature rather than mail-in wet signature. And, for those who are married, hopefully it wouldn't require spousal signature and notary. ...
by Fishing50
Sat Jan 05, 2019 6:47 am
Forum: Personal Investments
Topic: 27 & 30 Year Old Married Couple - Need Investing Advice
Replies: 9
Views: 1204

Re: 27 & 30 Year Old Married Couple - Need Investing Advice

Darn good first post, you guys are doing great! I have a couple comments that may help: Investing priorities: 1. TSP and 401K to he max match 2. Max Roth IRA for husband and wife 3. TSP and 401K to the max 4. Taxable investing It's pretty simple. You are mostly in alignment, but I'm unsure if you ha...
by Fishing50
Wed Jan 02, 2019 6:44 am
Forum: Investing - Theory, News & General
Topic: How Do You Like My New 'Doo
Replies: 177
Views: 36622

Re: How Do You Like My New 'Doo

Nedsaid- Your detailed analysis has inspired active consolidation from individual stocks to broad index funds. I track our portfolio in Quicken and Morningstar also, and reading your post over the years has satiated my desire to do my own detailed personal performance analysis. My 2004 bet on Altria...
by Fishing50
Wed Jan 02, 2019 2:28 am
Forum: Investing - Theory, News & General
Topic: Will you contribute the max to your IRA and then invest it all in equities for the first market day of the new year?
Replies: 160
Views: 8328

Re: Will you contribute the max to your IRA and then invest it all in equities for the first market day of the new year?

Maybe: We could use some Small Cap Index (VSMAX). Our taxable account is locked out of broad market index funds needed for AA due to end of year TLH, and we have extra proceeds from selling Exxon Mobile (XOM) in Dec. If small caps show weakness early in Jan, I'll buy VSMAX in Roth. If small caps sho...
by Fishing50
Wed Jan 02, 2019 1:40 am
Forum: Personal Investments
Topic: TSP vs. IRA contributions and converting USAA to Vanguard
Replies: 3
Views: 345

Re: TSP vs. IRA contributions and converting USAA to Vanguard

I agree with O2nz, more info would be better. Investing priorities: 1. TSP contribution to the match. 2. Roth IRA accounts for you and your spouse. Largest advantage over TSP is the ability to withdraw contributions penalty free. With a future pension, Roth is probably the right option. https://thef...
by Fishing50
Fri Dec 28, 2018 10:28 am
Forum: Personal Investments
Topic: Portfolio Review
Replies: 8
Views: 553

Re: Portfolio Review

Your 401k gives you a tilt in small and mid-cap that is much greater than market capitalization. That sort of tilt comes with a little more risk, so if you want to go with a total-market balance it should be about a 4:1 ratio of VIIIX to VEMPX. Thank you for that information. Instead of out right r...
by Fishing50
Sun Dec 23, 2018 8:26 am
Forum: Personal Investments
Topic: Should - Can? - I start a Traditional IRA in 2019?
Replies: 7
Views: 586

Re: Should - Can? - I start a Traditional IRA in 2019?

At full retirement age, with a pension you will not regret paying taxes on your Roth contributions for the next few years because the current tax rates are temporary. As you age and salary increases, you'll need to think about the best option again.
by Fishing50
Sun Dec 23, 2018 8:12 am
Forum: Personal Investments
Topic: Roth or Traditional for second IRA?
Replies: 6
Views: 444

Re: Roth or Traditional for second IRA?

I was looking at the wrong figure. I am actually in the 12% bracket. 12% instead of 22% tax bracket: You just learned the most important fact about your Roth or Traditional question. The perfect answer $115K - $24K Standard Deduction - $12,049 Traditional = $78,951 top of 12% tax bracket After the ...
by Fishing50
Thu Dec 20, 2018 1:47 am
Forum: Personal Investments
Topic: Use TSP tax-deferred as part of TLH Plan
Replies: 14
Views: 874

Re: Use TSP tax-deferred as part of TLH Plan

I just finished a round trip back to my original fund and harvested another -5% during the 31 day period. You don't want to miss that opportunity. Holding an extra fund for 31 days combined multiple monthly lots into a larger, single lot which is now back in the original fund. I find less lots more ...
by Fishing50
Mon Dec 17, 2018 3:02 am
Forum: Personal Finance (Not Investing)
Topic: Military-Advice Needed
Replies: 13
Views: 1473

Re: Military-Advice Needed

1. I'd choose taxable investing. 2. You are correct, it's not necessary to be so aggressive. After being 100% equity until 2015, we're quite happy with 70% equity, 10% cash, and 20% G Fund. For tax efficiency keep bonds in TSP and 401(k). 3. Not really. You're just trading active duty for the headac...
by Fishing50
Sun Dec 16, 2018 3:12 am
Forum: Personal Investments
Topic: Portfolio for a military lifer, too conservative?!?
Replies: 27
Views: 2684

Re: Portfolio for a military lifer, too conservative?!?

brandonp311 wrote:
Sat Dec 15, 2018 12:51 pm

I think there is a fine balance between saving everything now and having no fun money or saving nothing.

Curious about you alls thoughts?
Correct, some in our business dont get out alive. Find the balance.
by Fishing50
Sat Dec 15, 2018 11:18 am
Forum: Personal Investments
Topic: Retiring next year, would appreciate some advice
Replies: 30
Views: 3051

Re: Retiring next year, would appreciate some advice

I'm trying to pry my mother away from a poor financial adviser that successfully nurtured the relationship for years before her retirement. He helped with NUA and raised cash to pay off her house, but now he's nothing but a financial products salesman because her tax/income situation is straight for...
by Fishing50
Fri Dec 14, 2018 2:49 am
Forum: Personal Investments
Topic: convert to TSP Roth or existing brokerage Roth?
Replies: 22
Views: 1465

Re: convert to TSP Roth or existing brokerage Roth?

I would at the very least convert up to the top of the 12% bracket. That's about $26,000 that you pay 12% tax on rather than 22%. That's probably a good idea. It may be relatively a "wash", but that assumes the tax cuts we enjoy now will stay. The tax deferred retirement accounts are captive to wha...
by Fishing50
Fri Dec 14, 2018 1:59 am
Forum: Personal Investments
Topic: Portfolio for a military lifer, too conservative?!?
Replies: 27
Views: 2684

Re: Portfolio for a military lifer, too conservative?!?

After reading this article https://thefinancebuff.com/most-tsp-participiants-should-switch-to-the-roth-tsp.html and reviewing the information above, I think it makes sense to focus efforts on maxing Roth IRA (his/hers) as well as my Roth TSP (not my traditional TSP). Spot check me here and make sur...
by Fishing50
Thu Dec 13, 2018 3:18 am
Forum: Personal Investments
Topic: Portfolio for a military lifer, too conservative?!?
Replies: 27
Views: 2684

Re: Portfolio Review!!! Thanks.

Well done with your planning, you've set a good course. If you're satisfied with your career, stay. I've found staying after 20yrs easier than wondering if I'd complete 20yrs. There's plenty of uncertainty with assignments and duty stations, but it's a well known and acceptable level of risk. Gettin...
by Fishing50
Sun Dec 09, 2018 3:32 am
Forum: Personal Investments
Topic: retirement contributions and tax diversification
Replies: 7
Views: 1123

Re: retirement contributions and tax diversification

We're about the same age with a military pension, we're contributing to Roth 401K in the 22% tax bracket.