Search found 263 matches

by Fishing50
Mon Nov 12, 2018 3:06 am
Forum: Investing - Help with Personal Investments
Topic: Roth vs. Traditional for low tax bracket
Replies: 10
Views: 964

Re: Roth vs. Traditional for low tax bracket

Keep plugging into ROTH... Once your income gets above $100k (before deductions), then you can start thinking about traditional. This is the point that your marginal tax rate goes from 12% to 22%. As long as you guys stay all in the 12% bracket, keep putting all you can in the Roth. +1 Pretty good ...
by Fishing50
Fri Nov 09, 2018 3:48 am
Forum: Personal Finance (Not Investing)
Topic: Tax software: online vs download versions
Replies: 15
Views: 1771

Re: Tax software: online vs download versions

I prefer download version because I can make a new file to project the following years tax bill. When I last used the online version, I couldn't see the forms prior to to filing...which I can with download version.
by Fishing50
Sun Nov 04, 2018 4:54 am
Forum: Investing - Help with Personal Investments
Topic: Help With Deciding to Start TSP Withdrawals/IRA Conversions
Replies: 7
Views: 658

Re: Help With Deciding to Start TSP Withdrawals/IRA Conversions

Spouse 403b ~$15K ($400 added monthly) Mom is 92yo, and my share of inheriting her: Trad IRA ~$33K Annuity (Non-Qual) ~$150K I do have my Mom take funds out of her Annuity each Dec, but it doesn't make a dent. If there's no match in the 403b, no need to contribute. You are deferring 12% taxes, and ...
by Fishing50
Sun Nov 04, 2018 3:00 am
Forum: Investing - Help with Personal Investments
Topic: Military Pilot- 8/10 yrs to FIRE, need help! BONDS/ Taxes
Replies: 22
Views: 2746

Re: Military Pilot- 8/10 yrs to FIRE, need help! BONDS/ Taxes

During low taxable income years, harvest capital gains at 0% taxes in the 12% tax bracket to simplify taxable holdings. Sorry, what does this sentence mean and how is it accomplished? Roth IRA should be stocks. If you want Vanguard Healthcare Index (VGHAX), Vanguard REIT (VGSLX) hold them in Roth I...
by Fishing50
Sat Nov 03, 2018 7:23 am
Forum: Investing - Help with Personal Investments
Topic: Military Pilot- 8/10 yrs to FIRE, need help! BONDS/ Taxes
Replies: 22
Views: 2746

Re: Military Pilot- 8/10 yrs to FIRE, need help! BONDS/ Taxes

Duckie's portfolio is an excellent goal. With taxable, IRA, and TSP accounts you can take advantage of asset location better without lifecycle funds. Priority 1, Bonds in TSP. Use inter fund to transfer L 2050 to G Fund to hit your target bond allocation. Consider adding F Fund because it outperform...
by Fishing50
Thu Oct 18, 2018 1:55 am
Forum: Investing - Help with Personal Investments
Topic: $50,000: Should I buy now or wait for the market to drop further?
Replies: 43
Views: 7083

Re: $50,000: Should I buy now or wait for the market to drop further?

Over the past couple years, we've developed a strategy for military retirement in about 3yrs: - Cornerstone is tax efficient placement: https://www.bogleheads.org/wiki/Tax-efficient_fund_placement Keep total market index and total international index funds in taxable with dividends paid in cash. Bon...
by Fishing50
Sun Oct 14, 2018 2:41 pm
Forum: Investing - Help with Personal Investments
Topic: $50,000: Should I buy now or wait for the market to drop further?
Replies: 43
Views: 7083

Re: $50,000: Should I buy now or wait for the market to drop further?

These are all great suggestions-I really appreciate the feed back. I also see why including more vs less information is important. We are currently maxing out all of are tax exempt options: TSP, His/Her Roth. We have no debt and have an emergency fund. That's why the itch to do something with the w...
by Fishing50
Sun Oct 14, 2018 2:40 am
Forum: Investing - Help with Personal Investments
Topic: $50,000: Should I buy now or wait for the market to drop further?
Replies: 43
Views: 7083

Re: $50,000: Should I buy now or wait for the market to drop further?

Hello all, Currently we have an AA of 90/10, with all of the bonds being in Wellington. The goal is going 80/20 or 70/30 in the next few years when we get closer to military retirement. We have just received $50,000. G Fund in TSP is a terrific bond option. If you cannot afford monthly deductions t...
by Fishing50
Sun Oct 07, 2018 2:12 am
Forum: Investing - Help with Personal Investments
Topic: 41yo Military Member with a Plan?
Replies: 8
Views: 819

Re: 41yo Military Member with a Plan?

I learned about tax exempt TSP to Roth IRA conversions from members of the forum. Under current rules a large partial withdrawal from TSP bring the balance near the TSP minimum for an IRA rollover will separate traditional and Roth in the company you choose for the rollover with a check returned to ...
by Fishing50
Sat Oct 06, 2018 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: 41yo Military Member with a Plan?
Replies: 8
Views: 819

Re: 41yo Military Member with a Plan?

You are in a great position. I found staying active duty easier after 20 Yrs because the worst deployments were in the past. With a reliable paycheck, and future retirement checks you can reduce the emergency funds. Get the money invested. I like the 90% stocks / 10% bonds asset allocation. If you a...
by Fishing50
Sat Oct 06, 2018 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: 41yo Military Member with a Plan?
Replies: 8
Views: 819

Re: 41yo Military Member with a Plan?

You are in a great position. I found staying active duty easier after 20 Yrs because the worst deployments were in the past. With a reliable paycheck, and future retirement checks you can reduce the emergency funds. Get the money invested. I like the 90% stocks / 10% bonds asset allocation. If you a...
by Fishing50
Mon Oct 01, 2018 1:34 am
Forum: Investing - Help with Personal Investments
Topic: Pay 22.85% taxes to diversify?
Replies: 26
Views: 1925

Re: Pay 22.85% taxes to diversify?

I too am suspect of the adviser, but I'll give him a chance at the end of year meeting. While not optimal, I'm starting to think the DCI position is acceptable with a properly allocated IRA and home equity. Transferring larger portion to home equity in previous years was obviously a good move. IRMAA...
by Fishing50
Sun Sep 30, 2018 12:03 pm
Forum: Investing - Help with Personal Investments
Topic: Pay 22.85% taxes to diversify?
Replies: 26
Views: 1925

Re: Pay 22.85% taxes to diversify?

She has $255K in capital gains. So that's a a good problem. $255k in capital gains? So she has $272,000 in DCI and $255,000 of that is capital gains? That does not sound right to me. Maybe there is more to know about that holding. Yes, $255K capital gains. She retired after a 30yr career having nev...
by Fishing50
Sun Sep 30, 2018 11:42 am
Forum: Investing - Help with Personal Investments
Topic: Pay 22.85% taxes to diversify?
Replies: 26
Views: 1925

Re: Pay 22.85% taxes to diversify?

It appears she has about $81,600 in capital gains. If she sells $20k in gains each year, that will reduce her risk of the 1 stock considerably and the entire problem can be gone in 3 or 4 years if she wants to keep some of it. I'd get that stock position down to what she can afford to lose - maybe ...
by Fishing50
Sun Sep 30, 2018 11:23 am
Forum: Investing - Help with Personal Investments
Topic: Pay 22.85% taxes to diversify?
Replies: 26
Views: 1925

Re: Pay 22.85% taxes to diversify?

PFInterest wrote:
Sun Sep 30, 2018 11:08 am
i think you mean 29.85% in your title.
i would run from UBS.
i agree w/ minimizing fees.
sell the indiv funds to fund her retirement and shift things around over the years.
15% LTCG + 7.85% state = 22.85%
We're in complete sync with selling indiv funds in IRA instead of messing with taxable.
by Fishing50
Sun Sep 30, 2018 11:04 am
Forum: Investing - Help with Personal Investments
Topic: Pay 22.85% taxes to diversify?
Replies: 26
Views: 1925

Pay 22.85% taxes to diversify?

Mom is retired and own's her house. RMDs from the IRA provide the required income from a reasonable allocation. She survived the financial crisis through naivety, and the concentrated position in her former employer does not concern her. At this point I'm thinking it's better to focus on reducing fe...
by Fishing50
Sun Sep 23, 2018 2:39 am
Forum: Investing - Help with Personal Investments
Topic: Roth vs Traditional IRA
Replies: 11
Views: 932

Re: Roth vs Traditional IRA

It depends. As a senior officer about 3 yrs from retirement, we're 100% traditional TSP because we know our retired income tax bracket will be the same or lower. When we were unsure about our future plans, we chose a mix of Roth and traditional. Good post on the topic: https://thefinancebuff.com/mos...
by Fishing50
Sat Sep 08, 2018 3:19 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Guidance needed
Replies: 7
Views: 913

Re: Portfolio Review - Guidance needed

I have a lot of my savings sitting in a USAA Savings and Checking account, largely because I'm afraid / unsure what to do with it in a taxable account. I've made some hasty decisions in the stock market and pretty much lost $5,000 grand in investing in single stocks. I am currently single, but am l...
by Fishing50
Mon Sep 03, 2018 4:31 am
Forum: Investing - Help with Personal Investments
Topic: Should I sell 5-star/gold-rated mutual funds?
Replies: 11
Views: 1297

Re: Should I sell 5-star/gold-rated mutual funds?

I'd take the opportunity to tax gain harvest into broader diversified funds. Win-Win if you have funds that have out performed the market and do not have to pay capital gain taxes. We tax gain harvested individual stocks in 2016, 2017 & 2018 into S&P 500. I accepted more risk during accumulation, bu...
by Fishing50
Sat Aug 25, 2018 6:15 am
Forum: Investing - Help with Personal Investments
Topic: New Beginner - Basic Help Requested
Replies: 7
Views: 860

Re: New Beginner - Basic Help Requested

As a govt employee, don't go overboard with your Emergency Fund. You have a reliable govt paycheck, ready access to Roth IRA contributions, and extremely safe bonds with G Fund. 90% Stocks/ 10% Bonds is a perfect allocation for a govt employee with a probable future pension. 25% International Alloca...
by Fishing50
Sat Aug 11, 2018 4:36 am
Forum: Investing - Help with Personal Investments
Topic: Order of selling equities in taxable account
Replies: 9
Views: 1057

Re: Order of selling equities in taxable account

Make sure to max out the 12% tax bracket for 0% capital gains tax. :beer
by Fishing50
Thu Aug 02, 2018 1:11 am
Forum: Personal Finance (Not Investing)
Topic: If History says.... would you change 4% rule ?
Replies: 27
Views: 2873

Re: If History says.... would you change 4% rule ?

I am really open and wanting to learn about other options. To be honest if I had the funds I would quit tomorrow. I don't see it happening for at least 3-4 years when youngest is 1/2 through college. I look at the 4% as a recommendation but know if really differs for each situation. (Wants, needs, ...
by Fishing50
Wed Jul 18, 2018 12:57 am
Forum: Investing - Help with Personal Investments
Topic: Quick question on taxable account in early retirement
Replies: 9
Views: 1132

Re: Quick question on taxable account in early retirement

Thanks all. We're still about 15-17 years from early/partial retirement, I just couldn't search for this topic effectively to get the answer I was looking for. So, practically speaking, if you only needed enough money to not trigger any capital gains then the only difference between a Roth and taxa...
by Fishing50
Sat Jul 14, 2018 1:25 am
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation in Taxable
Replies: 8
Views: 978

Re: Asset Allocation in Taxable

OP - I have a very similar AA by account type and am also 90/10 in taxable. You can certainly hold more there if you want, but the market downturn argument doesn't really make sense. You can always reallocate to stocks in your 401k if needed. +1 if you need to sell from taxable during a downturn, y...
by Fishing50
Fri Jul 13, 2018 1:21 am
Forum: Investing - Help with Personal Investments
Topic: Withdraw Roth contributions to max TSP/get more G Fund?
Replies: 24
Views: 1353

Re: Withdraw Roth contributions to max TSP/get more G Fund?

Leave the Roth alone, and ensure you are making Roth contributions to TSP.
by Fishing50
Fri Jul 13, 2018 12:47 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio help - particularly with dilemma of Roth conversion
Replies: 8
Views: 1057

Re: Portfolio help - particularly with dilemma of Roth conversion

Do the Roth conversion, 24% tax bracket is a bagain with your expected income.
by Fishing50
Sun Jul 08, 2018 9:10 am
Forum: Investing - Help with Personal Investments
Topic: Deployment TSP limitation question
Replies: 8
Views: 1187

Re: Deployment TSP limitation question

Nords wrote:
Sat Jul 07, 2018 12:23 pm
Fishing50 wrote:
Tue Jul 03, 2018 1:57 am
'Nords' has written quite a bit on the topic. Search his posts & PM him with your situation.
Thanks, Fishing50, and I've swapped PMs with the OP!

Thanks for your dedicated support of our service members! Seeming small nuances are not something personnel clerks are prepared to answer.
by Fishing50
Sun Jul 08, 2018 4:04 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Simplification and retirement prep?
Replies: 8
Views: 858

Re: Portfolio Simplification and retirement prep?

Welcome to the forum. Please edit your original post using the pencil in the right hand corner, so your portfolio shows only 100% of assets as a unified whole rather than look at accounts in isolation. Morningstar XRay is also a great tool using the proxies provided. You'll be past the finish line i...
by Fishing50
Tue Jul 03, 2018 1:57 am
Forum: Investing - Help with Personal Investments
Topic: Deployment TSP limitation question
Replies: 8
Views: 1187

Re: Deployment TSP limitation question

'Nords' has written quite a bit on the topic. Search his posts & PM him with your situation. I understand $18.5K limit applies to contributions before and after deployment. For you, DFAS computers will stop tax deferred (tax exempt in CZTE) contributions this year at the allowable max. Next year you...
by Fishing50
Thu Jun 28, 2018 2:21 am
Forum: Investing - Help with Personal Investments
Topic: Thoughts on AA, tax strategy, TSP changes
Replies: 5
Views: 809

Re: Thoughts on AA, tax strategy, TSP changes

If I change all of the TSP to G fund, sell all the I bonds and buy VTSAX with the funds, and when the T bills mature in 3 months I buy VTSAX with those funds, that would get me to 55.6% stocks (31% in international), 17.5% securities, and 26.9% cash. An improvement from 51.6% Stocks, 12.7% securiti...
by Fishing50
Sun Jun 24, 2018 1:43 am
Forum: Investing - Help with Personal Investments
Topic: Sell individual stock, or index fund
Replies: 12
Views: 1190

Re: Sell individual stock, or index fund

I have $100K cost basis in a fund at VG that is worth about $112k. I could sell the whole lot and buy something similar but not identical. I think I'd swap my Vanguard Developed Markets index for maybe total international or similar. In tax gain harvesting, you can buy the same fund. That said, I'd...
by Fishing50
Sun Jun 17, 2018 3:56 am
Forum: Investing - Help with Personal Investments
Topic: Retooling Portfolio After Job Change
Replies: 4
Views: 492

Re: Retooling Portfolio After Job Change

Few thoughts: As a fed with reliable income and taxable assets available for real emergencies, you can have less EF. New car purchase is not EF. Use deployable cash to purchase the car and then pay down the mortgage. I would't raid the taxable account to pay off the mortgage, just get it to a much l...
by Fishing50
Thu Jun 14, 2018 2:34 am
Forum: Investing - Help with Personal Investments
Topic: Dilemma: Roth conversions vs. Taxable cap gains from Rebalancing
Replies: 2
Views: 305

Re: Dilemma: Roth conversions vs. Taxable cap gains from Rebalancing

Might be a good time to reconsider your target allocation. Rising equity glidepath in retirement is a reasonable option, especially when pension and SS provide for your needs. https://earlyretirementnow.com/2017/09/13/the-ultimate-guide-to-safe-withdrawal-rates-part-19-equity-glidepaths/ You seem to...
by Fishing50
Sun Jun 10, 2018 4:57 am
Forum: Investing - Help with Personal Investments
Topic: 49 Year Old Retirees - Tax Planning Strategy Questions
Replies: 5
Views: 1036

Re: 49 Year Old Retirees - Tax Planning Strategy Questions

You don't need an adviser for the easy answer: Harvest 0% long term capital gain to the ACA cliff but not over. You can generate more cash flow by selling the shares with lowest gains because a higher percentage will be return of capital rather than gains. At 59yrs old, begin IRA withdrawals to the ...
by Fishing50
Sun Jun 10, 2018 2:55 am
Forum: Investing - Help with Personal Investments
Topic: Trad. Vs. Roth with pension, re: Conversion Ladder
Replies: 8
Views: 823

Re: Trad. Vs. Roth with pension, re: Conversion Ladder

Your future pension will fill the lowest tax brackets so planning large conversions will not provide you the largest advantages. You should be utilizing Roth TSP in the 12% tax bracket, especially if passive losses further lower your taxes. Paying zero taxes now probably isn't the best option for yo...
by Fishing50
Sun May 27, 2018 9:53 pm
Forum: Investing - Help with Personal Investments
Topic: Military Equity/Bond Allocation
Replies: 6
Views: 785

Re: Military Equity/Bond Allocation

I think you are fine for now. With a military pension 95/5 or 100 equity is reasonable as long as you can stay the course during a downturn. I recommend total stock market Index and total intl stock market index in taxable accounts because you can hold them forever with tax efficiency. In 4 or 5 yea...
by Fishing50
Sat May 26, 2018 9:34 am
Forum: Investing - Help with Personal Investments
Topic: A Lonely T. Rowe Price Account - Transfer?
Replies: 21
Views: 1435

Re: A Lonely T. Rowe Price Account - Transfer?

I'm in a similar situation. I have all of my investments with Vanguard with the exception of one IRA at TRP. I've had it there for probably 15 years or so. Just like you, I've considered moving it to Vanguard several times, but haven't pulled the trigger. And mine has a bigger expense ratio than yo...
by Fishing50
Sun May 13, 2018 6:43 am
Forum: Investing - Theory, News & General
Topic: Guidelines on ratio of Pre-tax, Roth, Post-tax Investing
Replies: 35
Views: 2362

Re: Guidelines on ratio of Pre-tax, Roth, Post-tax Investing

Given all that, my general approach is that I am happy to pay 12% tax on any money that can put away using that rate, like into a Roth or a taxable account. Money that is in the 22% bracket, I try to shield by putting into the pre-tax 401k. I think it makes sense to have a tax diversified set of ac...
by Fishing50
Fri May 11, 2018 2:10 am
Forum: Investing - Help with Personal Investments
Topic: Traditional or Roth TSP with New Tax Brackets?
Replies: 18
Views: 1442

Re: Traditional or Roth TSP with New Tax Brackets?

Emergency funds: 4-6 months expenses Tax Rate: 22% Federal?, 7% State State of Residence: SC VTSAX-Taxable- 14% of portfolio VTIAX- taxable- 8% of portfolio Questions: 1- I am a frequent browser of this forum, yet rarely post anything. Long story short, with the new tax brackets, I am seeking feedb...
by Fishing50
Tue May 08, 2018 2:04 am
Forum: Investing - Help with Personal Investments
Topic: When did you start drawing profits from taxable?
Replies: 48
Views: 3905

Re: When did you start drawing profits from taxable?

NextMil wrote:
Mon May 07, 2018 1:50 pm
And when you did, did you start with just dividends or cash out part of your yearly returns to enjoy it?
We take dividends in cash. Every couple months we decide to spend the cash or reinvest. :beer
by Fishing50
Wed May 02, 2018 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement at 43-45 (Military)
Replies: 17
Views: 3088

Re: Retirement at 43-45 (Military)

I was interested in starting TSP/IRA for both of us but we cant touch the growth before 59.5 without penalties from my understanding. Ideal scenario would be to invest in taxable investments, then start with drawing once she retires (2036). This would mean we are both 43 which is under the 59.5 thr...
by Fishing50
Wed May 02, 2018 2:17 am
Forum: Investing - Help with Personal Investments
Topic: Retirement at 43-45 (Military)
Replies: 17
Views: 3088

Re: Retirement at 43-45 (Military)

Your goal is achievable with a pension and TRICARE Health Coverage. Check your tax rate, you are not 25% Fed because it doesn't exist. MFJ over $77,400 in taxable income is 22%. If you are below that number, you definitely want to maximize Roth IRA and Roth TSP because you are in the 12% tax bracket...
by Fishing50
Mon Apr 30, 2018 12:52 am
Forum: Personal Consumer Issues
Topic: 3 days in London - must dos?
Replies: 31
Views: 2271

Re: 3 days in London - must dos?

Do NOT miss Borough Market.
by Fishing50
Sun Apr 29, 2018 4:11 am
Forum: Investing - Help with Personal Investments
Topic: Early Retirement using Mega Back Door Roth - Need advice
Replies: 8
Views: 1508

Re: Early Retirement using Mega Back Door Roth - Need advice

I likely would stay in the same tax bracket when I retire, so did not want to bother much with Traditional IRAs or Pre-Tax 401k. I doubt it. If you are saving over $70K a year, you are higher than the 12% tax bracket. For a single person retired at 50yrs the first $50,700 of income (401K distributi...
by Fishing50
Sun Apr 22, 2018 3:43 am
Forum: Investing - Help with Personal Investments
Topic: What should I change or adjust in my portfolio?
Replies: 3
Views: 486

Re: What should I change or adjust in my portfolio?

From a military officer 3yrs from retirement, I think you are doing great--you don't need to adjust anything. I offer the following: Emergency funds: Do don't really need 6 months with a reliable government paycheck and taxable investments. Keep a couple thousand around for a spending cushion, and g...
by Fishing50
Sun Apr 15, 2018 4:32 pm
Forum: Investing - Help with Personal Investments
Topic: 401k rollover to TSP, 457 plan or IRA
Replies: 5
Views: 415

Re: 401k rollover to TSP, 457 plan or IRA

TSP has great options...Don't ever give it up!
by Fishing50
Tue Apr 10, 2018 1:02 am
Forum: Personal Finance (Not Investing)
Topic: Rent or Buy? Military Doc. What would you do?
Replies: 46
Views: 3666

Re: Rent or Buy? Military Doc. What would you do?

Thanks again for everyone’s insight and opinions. We decided to continue to rent and will have more to aggressively save/invest each month. I added some REIT fund exposure to our portfolio (I know there are diverse opinions on that). If I do wait to purchase a home after the military (10+ years), h...
by Fishing50
Wed Apr 04, 2018 2:21 am
Forum: Investing - Theory, News & General
Topic: Bonds in TSP - but what if it’s split 50% Roth TSP?!
Replies: 20
Views: 2130

Re: Bonds in TSP - but what if it’s split 50% Roth TSP?!

Over time, through contributions, the TSP will grow much larger than a Roth IRA. I’m in a situation where I’m heavily sheltered from taxes now. However I anticipate to be in a higher tax bracket later with a pension - so I was entertaining the idea of increasing tax free growth by splitting TSP int...