Search found 370 matches

by Fishing50
Tue Jan 21, 2020 9:24 am
Forum: Personal Investments
Topic: Emergency Fund in Taxable Account
Replies: 10
Views: 1539

Re: Emergency Fund in Taxable Account

With a military paycheck now and military pension in 2 years providing sufficient income...we don't have an emergency fund. We do have 27% of our wealth in taxable brokerage, invested in tax efficient, low cost equity funds that are available for an emergency. We no longer automatically reinvest div...
by Fishing50
Thu Jan 09, 2020 9:16 am
Forum: Personal Investments
Topic: Should I switch brokerages?
Replies: 13
Views: 1369

Re: Should I switch brokerages?

I made the TRP to Vanguard switch in 2016. TRP funds would not transfer in kind, so I had to sell each fund and transfer cash with a check sent to me to avoid medallion signature guarantee which was unavailable to me at an overseas location. TRP was very helpful with timely transactions, everything ...
by Fishing50
Sun Jan 05, 2020 10:53 am
Forum: Personal Investments
Topic: Aggressive(ish) Portfolio Recommendations
Replies: 10
Views: 921

Re: Aggressive(ish) Portfolio Recommendations

Bonus question: I have a brokerage account that is effectively long-term savings (might use it to buy another house in about 5 years, but maybe not). I'm more risk averse with this money, but still don't want it sitting idle. It's currently 25% VWITX, with the rest split between VWELX and VWINX. Wh...
by Fishing50
Fri Jan 03, 2020 8:08 am
Forum: Personal Consumer Issues
Topic: Latest updates driving from New Hampshire to Clearwater
Replies: 39
Views: 2984

Re: Latest updates driving from New Hampshire to Clearwater

I like the auto train from Lorton, VA (Washington, DC) Sanford, FL (Orlando).
by Fishing50
Thu Dec 26, 2019 10:55 am
Forum: Personal Investments
Topic: Age 25 - What is my next step?
Replies: 8
Views: 1101

Re: Age 25 - What is my next step?

Many thing can change in 25yrs, but early retirement with a military pension is possible. Roth TSP is likely the best option in the 12% tax bracket (about $100K combined taxable income) because the pension will fill the lowest tax brackets in retirement leaving TSP distributions in the 12% or higher...
by Fishing50
Tue Dec 24, 2019 10:30 am
Forum: Personal Investments
Topic: contribute to Roth or do TSP to roth conversion
Replies: 4
Views: 372

Re: contribute to Roth or do TSP to roth conversion

Sorry, but it is not clear. The answer lies in current and future tax brackets after RMD. You should spend some time mapping out future income to determine your tax bracket each year, before and after RMDs. I’m gonna guess saving taxes with a couple low income years will not be optimal. Maxing out y...
by Fishing50
Mon Dec 23, 2019 9:31 am
Forum: Personal Consumer Issues
Topic: Best Process for Buying a Used Car (Camry / Accord)
Replies: 18
Views: 1776

Re: Best Process for Buying a Used Car (Camry / Accord)

VROOM and Carvana are the business model we prefer buying a USED car.
by Fishing50
Tue Dec 17, 2019 9:32 am
Forum: Personal Investments
Topic: Convert IRA to Roth IRA, or stay the course?
Replies: 4
Views: 718

Re: Convert IRA to Roth IRA, or stay the course?

You are doing a great job saving money. I'm no expert but converting her traditional to Roth seems like the right answer, and 2019 might be a unique opportunity due to lower income. I recommend buying Turbotax PC version (do not use the online version) soonest to do your taxes. With the PC version y...
by Fishing50
Sun Dec 15, 2019 10:45 am
Forum: Personal Investments
Topic: How to best invest in wife's Roth IRA?
Replies: 12
Views: 634

Re: How to best invest in wife's Roth IRA?

I recommend funding your wife's (DW) Roth IRA in SWVXX as an emergency fund because contributions can be withdrawn anytime for any reason. Roth IRA space is precious because contributions are restricted to a limited amount each year. You will not be able to fund DW 2019 Roth IRA after Apr 2020. For ...
by Fishing50
Mon Dec 09, 2019 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Saving up for car vs Investing and take out car loan
Replies: 26
Views: 1653

Re: Saving up for car vs Investing and take out car loan

You can do both. Continue to fund your retirement accounts to the max as you have been doing. If your plans/the move/occurs earlier than expected - use whatever is the balance in your current car savings account for the purchase, finance the rest. But this is very IMPORTANT - make sure the car loan...
by Fishing50
Tue Dec 03, 2019 9:35 am
Forum: Personal Investments
Topic: Investment Advice - LTCG Opportunity
Replies: 8
Views: 534

Re: Investment Advice - LTCG Opportunity

Thanks again to all. Any other thoughts on where to reinvest the proceeds from the sale are welcome. Thought keeping a portion (~30%-50%) in VTSAX would provide possible appreciation. That portion is not essential to downpayment so would leave it in the market if timing is not right when go to buy ...
by Fishing50
Wed Nov 27, 2019 9:19 am
Forum: Personal Investments
Topic: Tax gain harvesting, Roth conversion and possible mortgage payoff questions
Replies: 12
Views: 773

Re: Tax gain harvesting, Roth conversion and possible mortgage payoff questions

I recommend Roth conversions.

We’re in a similar position. My military pension will cover the mortgage and our expenses. If I die early, DW loses 1/2 (or all, we haven’t chosen yet) of the pension income and taxes increase because she files single.
by Fishing50
Sat Nov 09, 2019 10:47 am
Forum: Personal Consumer Issues
Topic: Acura TLX owners
Replies: 17
Views: 1639

Re: Acura TLX owners

We’re extremely satisfied with our 2016 V6 FWD TLX purchased this year from VROOM for $19K.
I like the power, and we don’t miss the tech package because Bluetooth & backup camera are included.
by Fishing50
Sat Nov 09, 2019 10:25 am
Forum: Personal Investments
Topic: What’s in your TSP?
Replies: 47
Views: 3612

Re: What’s in your TSP?

Our TSP is 56% G Fund, which is our entire bond allocation.
Roth IRA is 100% equity including 5% emerging market
Taxable is 100% equities
by Fishing50
Sat Nov 02, 2019 11:40 am
Forum: Personal Investments
Topic: New BH seeking portfolio advice.
Replies: 6
Views: 712

Re: New BH seeking portfolio advice.

Roth TSP is a great option considering current income tax rates (which revert to higher rates in 2026), your age, and probable pension. Consider traditional contributions later in life. With reliable income and significant taxable assets, federal employees need less emergency fund...especially with ...
by Fishing50
Sat Oct 26, 2019 12:49 pm
Forum: Personal Investments
Topic: Military member portfolio suggestions/2020 game plan review
Replies: 5
Views: 630

Re: Military member portfolio suggestions/2020 game plan review

We're 2yrs from Fishing at 50, military retirement with a military pension and no need to work. Here's a few comments that might help: With reliable income and significant taxable assets, military members needs less emergency fund. Use credit card to pay for the emergency, and you have the option of...
by Fishing50
Fri Oct 25, 2019 7:30 am
Forum: Personal Investments
Topic: Emergency Fund - why not VTSAX?
Replies: 52
Views: 5065

Re: Emergency Fund - why not VTSAX?

Cash drag of an emergency fund isn’t necessary with sufficient taxable assets.
Big ERN has zero emergency fund. https://earlyretirementnow.com/2016/05/ ... ency-fund/
by Fishing50
Sun Oct 20, 2019 10:25 am
Forum: Personal Investments
Topic: After tax account allocation
Replies: 13
Views: 1427

Re: After tax account allocation

Search 72T rule. You can access retirement accounts before 59yrs old.
by Fishing50
Fri Oct 18, 2019 10:48 am
Forum: Personal Investments
Topic: Retirement Portfolio Help (ROTH with Vanguard and TSP)
Replies: 9
Views: 887

Re: Retirement Portfolio Help (ROTH with Vanguard and TSP)

Jamesmath- Your portfolio looks good, which probably limits comments. 1. 90/10 is a reasonable asset allocation 25yrs from retirement with a probable pension. Manage your asset allocation across all accounts, and TSP size will not be a problem. 2. Yes, you can add international fund in TSP or even b...
by Fishing50
Tue Oct 15, 2019 12:02 pm
Forum: Investing - Theory, News & General
Topic: $2,467 is a minimum emergency fund
Replies: 36
Views: 8127

$2,467 is a minimum emergency fund

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3455696 Jorge Sabat & Emily Gallagher study finds: Our key finding is that the threshold point is $2,467 with a 95% confidence interval of $1,814–$3,011 (in 2019 dollars) or roughly 1 month of income for the average low-income household – which is...
by Fishing50
Tue Oct 15, 2019 11:44 am
Forum: Personal Investments
Topic: Retirement Portfolio Help (ROTH with Vanguard and TSP)
Replies: 9
Views: 887

Re: Retirement Portfolio Help (ROTH with Vanguard and TSP)

Putting your question in the following format will help with more detailed responses, many people here are familiar with TSP. https://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212 If desired, you can make edits to your original post using the pencil in the upper right corner. You are doing well ...
by Fishing50
Thu Oct 03, 2019 8:20 am
Forum: Personal Investments
Topic: TSP Help
Replies: 11
Views: 1019

Re: TSP Help

BH's, Reaching out to get some TSP help: Military 31 y/o I currently hold 100% G fund in my Roth TSP. Should I do a fund transfer to get some C and S exposure? Current: [/b] Roth IRA: Vanguard 500 Index Fund;Admiral(VFIAX) Roth TSP: G fund Vanguard Taxable: VTSAX and VTIAX, Vanguard total stock and...
by Fishing50
Fri Sep 13, 2019 8:53 am
Forum: Personal Investments
Topic: Tax loss harvesting in brokerage accounts
Replies: 11
Views: 882

Re: Tax loss harvesting in brokerage accounts

I think tax loss harvesting is worth the small effort required. US Equities TSM (VTSAX), S&P 500 (VFIAX), Large Cap (VLCAX). International Total Intl (VTIAX), FTSE All-World (VFWAX), Developed Markets (VTGMX). Late 2018 was pretty active tax loss harvesting for us, we're still holding VTGMX, VTIAX, ...
by Fishing50
Thu Sep 12, 2019 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Military folks: choosing state for residence
Replies: 9
Views: 1233

Re: Military folks: choosing state for residence

We’re FL residents, so we’re able to maintain our homestead exemption on a rental property because we’re on orders away from our residence. Real estate taxes were even waived while I served in the CZTE. While stationed out of FL we were able to register vehicles in FL which was exempt from sales tax.
by Fishing50
Thu Sep 12, 2019 8:10 am
Forum: US Chapters
Topic: Long-time member Nords profiled in Forbes
Replies: 4
Views: 2011

Re: Long-time member Nords profiled in Forbes

Thanks for the personalized assistance you provide service members!
We’ll join you FatFI, Fishing at 50, upon military retirement in 2yrs.
by Fishing50
Fri Aug 30, 2019 8:58 am
Forum: Personal Investments
Topic: Young people with good earnings and still want to work do 100 equities
Replies: 44
Views: 4874

Re: Young people with good earnings and still want to work do 100 equities

No problem with 100% equities, if you can handle the down times.
My regret is failing to tax loss harvest each year.
by Fishing50
Fri Aug 30, 2019 8:51 am
Forum: Personal Investments
Topic: Portfolio review needed Pls
Replies: 14
Views: 1996

Re: Portfolio review needed Pls

- TSP balance is 40% bonds and 60% stocks. Does it make sense to keep TSP contributions in traditional vs TSP Roth? - All of bonds are in tax deferred accounts, with 20% of annual contributions, is that still the way to go? - What can I do to prepare for withdrawal phase? Have saved for so many yrs...
by Fishing50
Tue Aug 27, 2019 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Advantages to Military Service and Beyond
Replies: 4
Views: 940

Re: Advantages to Military Service and Beyond

Best of luck as a newlywed, it’s truly a blessing. $65K income after taxes makes Roth TSP the correct choice because you are in the 12% tax bracket and have a probable future pension. Re evaluate in 2025 when current tax rates expire. I assume some of the Vanguard investments are Roth IRA, if not......
by Fishing50
Thu Aug 22, 2019 8:30 am
Forum: Personal Investments
Topic: 25 yr old portfolio review
Replies: 3
Views: 753

Re: 25 yr old portfolio review

We're approaching military retirement in 2yrs with my military pension. You've recieved good advice, but mine has a different perspective. You'll need less emergency funds than most people because you have darn near guaranteed income and substantial taxable assets. I recommend keeping about $5K emer...
by Fishing50
Sun Aug 18, 2019 9:18 am
Forum: Personal Investments
Topic: Review - 34 yr old
Replies: 18
Views: 3403

Re: Review - 34 yr old

We're 2yrs from a military pension. Our TSP has traditional, Roth, and tax exempt money from the combat zone. A mix of Roth and traditional TSP contributions is best for you, but I'd recommend more Roth now because: 1. You are young. Tax free, compound growth in Roth will work to your advantage for ...
by Fishing50
Wed Aug 14, 2019 7:36 pm
Forum: Personal Investments
Topic: Traditional vs Roth TSP 35% bracket
Replies: 4
Views: 426

Re: Traditional vs Roth TSP 35% bracket

What would you do? Roth or traditional TSP or half and half? Is this impossible to know ahead of time given future uncertainty in tax law/rates? I'd choose traditional in the 35% federal tax bracket, I'd choose Roth TSP in the 24% tax bracket. 35% tax deferral is extremely hard to pass up, that's $...
by Fishing50
Tue Aug 06, 2019 8:26 am
Forum: Personal Investments
Topic: Portfolio Review Request [Military]
Replies: 15
Views: 2001

Re: Portfolio Review Request [Military]

You have done well creating a tax efficient portfolio & 529 plans. I’m not usually a Dave Ramsey fan, but I feel you are a good candidate for his debt free revival. A couple years of paying down debt would have you in a better position with her govt job & your military pension before you find a reti...
by Fishing50
Fri Aug 02, 2019 8:42 am
Forum: Personal Investments
Topic: Best retirement saving strategy using tax-free income
Replies: 7
Views: 1079

Re: Best retirement saving strategy using tax-free income

I like tax-exempt contributions because there are ways to convert tax-exempt contributions from the CZTE to Roth IRA upon withdrawal. 1. White Coat investor outlines a more complicated procedure in this post: https://www.whitecoatinvestor.com/how-t ... -roth-ira/ . Later this year, TSP improvements ...
by Fishing50
Mon Jul 29, 2019 9:00 am
Forum: Personal Investments
Topic: Combat Zone Tax Exclusion question
Replies: 8
Views: 1105

Re: Combat Zone Tax Exclusion question

There are ways to convert tax-exempt contributions from the CZTE to Roth upon withdrawal. 1. White Coat investor outlines a more complicated procedure in this post: https://www.whitecoatinvestor.com/how-to-get-your-tax-exempt-tsp-money-in-to-a-roth-ira/ . TSP will increase withdrawal options later t...
by Fishing50
Wed Jul 24, 2019 8:24 am
Forum: Personal Investments
Topic: Which do I max first, TSP, ROTHs or HSA?
Replies: 14
Views: 1323

Re: Which do I max first, TSP, ROTHs or HSA?

1. Roth TSP is definitely the best option if you are in the 12% tax bracket which is about $102K of taxable income MFJ. Roth TSP is still a good option at 22% tax bracket because you have a probable future pension that will fill the lowest tax brackets in retirement. 2. I like Roth IRA before maxing...
by Fishing50
Sun Jul 14, 2019 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Buying a used car: 0-interest loan over 15 months, or buy in cash
Replies: 32
Views: 2239

Re: Buying a used car: 0-interest loan over 15 months, or buy in cash

We have $24K on a 0% promotion rate. It cost $37 in cash advance interest from a convenience check payment that was later transferred to the promotional rate, but now we have a year to pay the loan by reducing taxable investments. We saved about $360 in capital gains taxes by not selling equities. O...
by Fishing50
Sun Jul 14, 2019 7:58 am
Forum: Personal Investments
Topic: First post of confused retiree
Replies: 20
Views: 3609

Re: First post of confused retiree

Transfer in Kind of your equity portfolio to Vanguard or another discount brokerage will reduce any advisor fees you are paying. You could also stop any automatic dividend reinvestment which would provide some additional cash to spend or save in a money market account. I wouldn’t be in a hurry to li...
by Fishing50
Sat Jul 13, 2019 11:59 am
Forum: Personal Investments
Topic: Portfolio Review Request
Replies: 10
Views: 1027

Re: Portfolio Review Request

Questions: 1. I feel pretty comfortable with our AA at age 32 and 29, so no real questions there - I guess this is more of a statement. Understand I still have some bonds in taxable and my Roth, but don't want my TSP to be virtually all bonds and I don't think I'm going to get killed by the tax-ine...
by Fishing50
Mon Jul 08, 2019 12:08 am
Forum: Personal Finance (Not Investing)
Topic: Any Reason not to Go 100% Roth 401K?
Replies: 17
Views: 2414

Re: Any Reason not to Go 100% Roth 401K?

My advice is to diversify your tax shelters as well, who known what the future holds. You could be at 0% tax bracket in the future or 60%, So do both... Max your Roth IRA and your 401k! The TSP is the same as a 401K. I am curious on whether to go 100% in Roth 401k or keep some in traditional. I als...
by Fishing50
Sun Jun 02, 2019 10:14 am
Forum: Personal Consumer Issues
Topic: Negotiate for Used Car via Email
Replies: 13
Views: 1053

Re: Negotiate for Used Car via Email

CarMax, Carvana, & Vroom are good 'no haggle' used car dealers. I was very happy selling to CarMax in 2015, and today's delivery of a 2106 Acura from Vroom is delayed until tomorrow. I'm satisfied the quality of the car will be as Vroom described.
by Fishing50
Sun Jun 02, 2019 10:01 am
Forum: Personal Investments
Topic: Pre-Military Seeking Investment Planning
Replies: 49
Views: 2708

Re: Pre-Military Seeking Investment Planning

Dantheman221-You have set a good course, staying on course will be the challenge. I'm absolutely impressed with your questions, you could do real well financially if you read through the suggested books mentioned above in this thread. Couple thoughts from a career officer approaching retirement in 2...
by Fishing50
Sat Jun 01, 2019 7:02 pm
Forum: Personal Investments
Topic: Portfolio advice for a military member
Replies: 15
Views: 1022

Re: Portfolio advice for a military member

We're active duty, 2 yrs from retirement. Couple comments I wish I knew earlier to help you get more money invested sooner: 1. Track 100% a across all accounts (taxable, Roth IRA, TSP), not each account. 2. With large taxable investments, you only need a minimal emergency fund because you have highl...
by Fishing50
Sun May 26, 2019 1:15 am
Forum: Personal Investments
Topic: Portfolio advice for a new investor
Replies: 9
Views: 843

Re: Portfolio advice for a new investor

Contributions New annual Contributions 6K his Roth IRA 6K her roth IRA Roth TSP 18K I plan to separate from the military in Jul 2020 We are planning to max out our Vangaurd IRAs and the TSP. We are paying an additional 600$ per month on our mortgage to treat it like a 15 year mortgage. Consider red...
by Fishing50
Fri May 24, 2019 2:56 am
Forum: Personal Investments
Topic: Taking advantage of tax-exempt pay (and simplifying this portfolio)
Replies: 5
Views: 635

Re: Taking advantage of tax-exempt pay (and simplifying this portfolio)

1. Sell UGMA account and Roth conversion of the remaining traditional IRA. In 2019 excellent plan to max Roth IRA, Roth TSP with additional tax exempt contributions that can probably be converted to Roth in the future. Get the money invested for retirement! 2. For future tax efficiency I recommend c...
by Fishing50
Tue May 21, 2019 12:04 am
Forum: Personal Investments
Topic: VASIX or VWINX for emergency savings: crazy?
Replies: 26
Views: 3137

Re: VASIX or VWINX for emergency savings: crazy?

Two years from retirement with a military pension, we don't have an emergency fund.
https://earlyretirementnow.com/2016/05/ ... ency-fund/
by Fishing50
Sun May 05, 2019 2:30 am
Forum: Personal Finance (Not Investing)
Topic: Should I sell stock and trigger capital gains or spend my emergency fund?
Replies: 15
Views: 1902

Re: Should I sell stock and trigger capital gains or spend my emergency fund?

So I think after you have hit >100k in outside of retirement accounts and you are also in target for retirement the need for a dedicated "emergency fund" is zero. It's all just "available cash" so if it makes sense to lock in the gains and decrease the risk of a solo stock do that. If not then don'...
by Fishing50
Thu May 02, 2019 12:55 am
Forum: Personal Investments
Topic: Where to put extra savings to be accessible?
Replies: 14
Views: 2201

Re: Where to put extra savings to be accessible?

I recommend investing it in Fidelity total stock market or total international stock market which are extremely tax efficient. I'm not a Fidelity customer, but I'm sure you can set up transfers between checking and Fidelity. Keeping unnecessary cash, reduces returns. If you don't have plans to spend...
by Fishing50
Wed May 01, 2019 12:13 am
Forum: Personal Investments
Topic: others say I can follow this plan. what do you think?
Replies: 30
Views: 3631

Re: others say I can follow this plan. what do you think?

With the decision 3 years away, you have time to make the correct decision. Working and saving full earning potential is a possible solution. Reducing work for many years is also a long term solution to ease the transition and minimize withdrawals. Big ERN has some good analysis of how much money is...
by Fishing50
Sun Apr 28, 2019 10:04 am
Forum: Personal Investments
Topic: Made a mistake putting bond funds in taxable account - how to correct mistake?
Replies: 37
Views: 4231

Re: Made a mistake putting bond funds in taxable account - how to correct mistake?

bloom2708 wrote:
Sun Apr 28, 2019 9:41 am
Switch to pre-tax TSP. Bonds with new pre-tax dollars.

Tax savings to Roth IRA. Extra to taxable.

Sell the bonds in taxable.
Roth TSP a great option in the 22% tax bracket, when the future pension ensures 22% tax bracket in the future.
by Fishing50
Tue Apr 23, 2019 8:53 am
Forum: Personal Investments
Topic: Actual steps to take to maximize TSP contributions while deployed
Replies: 8
Views: 819

Re: Actual steps to take to maximize TSP contributions while deployed

168gr wrote:
Mon Apr 22, 2019 9:35 pm


SDP is a nice perk, but in the grand scheme of things though it's just a few hundred $ of interest. It's the whole bunch of extra tax-advantaged TSP space I'm lusting after. :)
AND Those tax-exempt TSP contributions will become Roth contributions after a roll over. :D