Search found 432 matches

by Fishing50
Mon Sep 21, 2020 8:29 am
Forum: Personal Investments
Topic: Investing in the TSP and an IRA...and overlapping
Replies: 1
Views: 165

Re: Investing in the TSP and an IRA...and overlapping

You’re doing everything right. Keep saving in Roth accounts while you are young. Saving priorities should be: TSP to the match Max Roth IRA TSP to the max There is no problem with redundant highly diversified, low cost index funds. Roth IRA is contributions can be be withdrawn without penalty for an...
by Fishing50
Sun Sep 20, 2020 9:17 am
Forum: Personal Investments
Topic: Strategies for scenarios when using taxable with no EF
Replies: 32
Views: 2292

Re: Strategies for scenarios when using taxable with no EF

Thanks everyone for the responses. The general feeling so far is most of my concerns are just the way it is. You need money you sell. Having a taxable just gives you options, but you still have to have your plan. - wait 12 months before selling anything in taxable to get the LTCG. TLH. Avoid wash s...
by Fishing50
Thu Sep 17, 2020 8:25 pm
Forum: Investing - Theory, News & General
Topic: any lessons to remember from dot com bubble?
Replies: 22
Views: 2211

Re: any lessons to remember from dot com bubble?

Irrational exuberance was declared in 1996 (I think??) well before the peak.
by Fishing50
Thu Sep 17, 2020 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Where to put emergency fund money?
Replies: 20
Views: 1867

Re: Where to put emergency fund money?

Saving for a remodel & emergency fund are 2 different goals. Savings for a defined project should be in a savings account. EF is for unexpected emergencies. If you have significant taxable investments and job security, you can have your EF invested in ITOT which you can sell if you need to raise cas...
by Fishing50
Mon Sep 14, 2020 8:16 am
Forum: Personal Investments
Topic: Portfolio Checkup - Military Mid-Career
Replies: 8
Views: 839

Re: Portfolio Checkup - Military Mid-Career

We're 2 yrs from military retirement at 50yrs old, and we have an 80/20 portfolio because my pension will cover most needs. You seem to be 15yrs behind us. 1. Your cash savings is confusing, you should probably separate investments and savings. Savings for a new car is not retirement investment, so...
by Fishing50
Sat Sep 12, 2020 2:42 pm
Forum: Personal Investments
Topic: Portfolio Checkup - Military Mid-Career
Replies: 8
Views: 839

Re: Portfolio Checkup - Military Mid-Career

We're 2 yrs from military retirement at 50yrs old, and we have an 80/20 portfolio because my pension will cover most needs. You seem to be 15yrs behind us. 1. Your cash savings is confusing, you should probably separate investments and savings. Savings for a new car is not retirement investment, so ...
by Fishing50
Tue Sep 08, 2020 7:49 pm
Forum: Personal Consumer Issues
Topic: Trip to Key West
Replies: 25
Views: 2438

Re: Trip to Key West

If you’re willing to walk a few blocks free parking is available on the street.
I recommend a short snorkel trip or sunset catamaran sail as reasonable priced options to enjoy the water.
Fantasy Fest is cancelled this year. https://www.fantasyfest.com/
by Fishing50
Tue Sep 08, 2020 7:40 pm
Forum: Personal Investments
Topic: Best way to build an emergency fund?
Replies: 95
Views: 6437

Re: Best way to build an emergency fund?

Rather than halting Roth IRA contributions I would just use it as part of your emergency fund (leave it in money market). If an emergency comes up, you withdraw it penalty free and lose the Roth space, oh well. If no emergency comes up you can eventually move it to your asset allocation once you ha...
by Fishing50
Mon Sep 07, 2020 2:57 pm
Forum: Personal Investments
Topic: 22 y/o newer investor wanting to get out of active and into passively managed funds
Replies: 6
Views: 510

Re: 22 y/o newer investor wanting to get out of active and into passively managed funds

3. Should I even bother contributing to my taxable account right now, or should I just put that money in my 401(k) to try to max that out? I would not put retirement money into taxable until you are filling both the TSP and your Roth IRA. But you may have other shorter term goals for which saving i...
by Fishing50
Sat Sep 05, 2020 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency fund / taxable account funds
Replies: 17
Views: 1462

Re: Emergency fund / taxable account funds

No reason for you to have an emergency fund with monthly taxable investments and large taxable investments. You can easily reduce investments to pay credit card bills following unexpected expense. You can also take taxable dividends in cash to supplement any large bills. Get the money invested :bee...
by Fishing50
Sat Sep 05, 2020 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Emergency fund / taxable account funds
Replies: 17
Views: 1462

Re: Emergency fund / taxable account funds

No reason for you to have an emergency fund with monthly taxable investments and large taxable investments. You can easily reduce investments to pay credit card bills following unexpected expense. You can also take taxable dividends in cash to supplement any large bills. Get the money invested :beer...
by Fishing50
Sat Aug 29, 2020 4:14 pm
Forum: Personal Investments
Topic: Financial Advisor (Morgan Stanley) wants to end relationship with ("fire") my grandfather
Replies: 62
Views: 6829

Re: Financial Advisor (Morgan Stanley) wants to end relationship with ("fire") my grandfather

This is a blessing. Your grandfather did not want to leave Morgan Stanley but now he must. Good luck For whom? It would be that for you or me, but certainly not for OP's grandfather--and they are his assets. DW now manages her 92 y/o mother's finances. After seeing the fees, expenses, and unnecessa...
by Fishing50
Sat Aug 29, 2020 3:49 pm
Forum: Personal Investments
Topic: Considering direct rollover of TSP into solo 401(k)
Replies: 5
Views: 409

Re: Considering direct rollover of TSP into solo 401(k)

When I retired from the military in 2014, I left all my retirement funds in my TSP account. However, I am now considering doing a direct rollover of my TSP account into my solo-401K (individual 401k) at Schwab since I have more control over my investments. However, prior to doing so I wanted to det...
by Fishing50
Wed Aug 26, 2020 9:09 am
Forum: Personal Investments
Topic: Portfolio Help
Replies: 4
Views: 368

Re: Portfolio Help

I am 79, widow, live in Massachusetts, have really good long term care insurance, prepaid funeral trust, debt free home in irrevocable trust for benefit of adult children, no debt, military retiree with Tricare as supplement to Medicare and have 500K distributed as follows: Rely on withdrawal of 2....
by Fishing50
Wed Aug 26, 2020 8:56 am
Forum: Personal Investments
Topic: Retired - Fidelity to Vanguard 401K/IRA transfer $2.9m
Replies: 9
Views: 1949

Re: Retired - Fidelity to Vanguard 401K/IRA transfer $2.9m

Fishing 50, Thank you for your comments. 1. Process started - created an IRA and Roth IRA at Fidelity. 2. Upon completion of transfers - will lump sum $2m in VBIAX in Vanguard balance funds and 900K in to Total bond Index. 3. Will change Roth IRA beneficiaries to kids. 4. Please explain the reason ...
by Fishing50
Sat Aug 22, 2020 10:42 am
Forum: Personal Investments
Topic: Retired - Fidelity to Vanguard 401K/IRA transfer $2.9m
Replies: 9
Views: 1949

Re: Retired - Fidelity to Vanguard 401K/IRA transfer $2.9m

1. Is Vanguard balance admiral fund the best choice vbiax for ira account? Or Life Strategy moderate? 2. Plan to lump sum or over 12 months for $2m into balance funds? 3. Where to invest $900k in IRA for future Roth conversion age 69 to 71 and beyond? 4. Is trustee to trustee transfer from Fidelity...
by Fishing50
Fri Aug 21, 2020 9:39 pm
Forum: Personal Investments
Topic: Financial Checkup for a 20+ Year Boglehead
Replies: 25
Views: 3067

Re: Financial Checkup for a 20+ Year Boglehead

$106k Home Mortgage - year 17 of 30, ARM presently at 2.6%. Home loan 2004 originally $180k. Home value ~275k at the moment. I can easily afford to pay it off, but at such a low rate for the entire time, I've not. (11 of the 17 years thus far have been <3%) My Roth IRA: $211k - $176k Vang TSM - $35...
by Fishing50
Sat Aug 15, 2020 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Financially Independent young - why not retire?
Replies: 42
Views: 5740

Re: Financially Independent young - why not retire?

I'm fascinated...you are in exactly the right time to ponder these decisions. We're a year ahead of you retiring in 2022 at 52yrs old with a military pension and more investments than you. We already own our forever home in FL that will cost ~30% of the pension which is sustainable. We were FI in 20...
by Fishing50
Tue Aug 11, 2020 7:47 am
Forum: Personal Finance (Not Investing)
Topic: For those that have taken a break from work... [Military to civilian career change]
Replies: 17
Views: 1395

Re: For those that have taken a break from work... [Military to civilian career change]

Ripcord wrote: Mon Aug 10, 2020 12:08 pm
...Or am I over thinking it?

Thanks in advance.
Yep, overthinking it. Get you’re resume together to get that civilian job you will enjoy and wait for your wife to retire. The next transition (a different job, no job, etc) will be your choice. :beer
by Fishing50
Tue Aug 04, 2020 8:35 am
Forum: Personal Investments
Topic: Portfolio Review Please
Replies: 9
Views: 854

Re: Portfolio Review Please

02x years from retiring with a military pension, we've wrestled some of these questions. 2. Asset location is good. 3. I recommend paying off the mortgage with current cash on hand. The rest is art combined with math. I usually recommend Roth TSP and IRA for people with a pension, which is definitel...
by Fishing50
Sat Aug 01, 2020 3:22 pm
Forum: Personal Investments
Topic: TSP Allocation Advice @ 46
Replies: 10
Views: 1229

Re: TSP Allocation Advice @ 46

15 or 20% bonds over the entire portfolio is reasonable for you. Some G Fund in TSP would allow for rebalancing during market lows. Keep Roth IRA and taxable 100% equites to take advantage of long term tax free compound growth and tax efficiency of dividends & capital gains. :beer
by Fishing50
Sat Aug 01, 2020 3:22 pm
Forum: Personal Investments
Topic: TSP Allocation Advice @ 46
Replies: 10
Views: 1229

Re: TSP Allocation Advice @ 46

15 or 20% bonds over the entire portfolio is reasonable for you. Some G Fund in TSP would allow for rebalancing during market lows. Keep Roth IRA and taxable 100% equites to take advantage of long term tax free compound growth and tax efficiency of dividends & capital gains. :beer
by Fishing50
Sat Aug 01, 2020 3:13 pm
Forum: Personal Investments
Topic: >2055 TSP Lifecycle + 10% in G fund
Replies: 13
Views: 704

Re: >2055 TSP Lifecycle + 10% in G fund

Thoughts on holding one of the new TSP Lifecycle funds (which have almost no G or F fund, Right now I hold a 3-fund allocation in my TSP - C/S/I @ 60%/15%/25% and rest in G. But watching markets and allocation is driving me nuts, so I'd rather let some automatic re-balancing, especially if we see s...
by Fishing50
Sun Jul 12, 2020 9:57 am
Forum: Personal Investments
Topic: Portfolio Review - lost our way
Replies: 10
Views: 1564

Re: Portfolio Review - lost our way

1. Asset allocation is a personal choice. Early Retirement Now provides unique insights on equity glidepath. Studies reflect glidepath of equity weights should ideally start to increase (!) again once you retire. Michael Kitces wrote about this topic joint with Wade Pfau and proposed to keep the min...
by Fishing50
Sat Jul 11, 2020 10:19 am
Forum: Personal Investments
Topic: Investment strategy at 35
Replies: 30
Views: 2714

Re: Investment strategy at 35

Finally, there's no such thing as a "solid dividend stock". Enron paid dividends ("In its last four quarters of dividends it paid out $372 million"). How "solid" was that? Ever hear of GM? They paid dividends too. And then went bankrupt and all shareholders were wiped out in June 2009 (they are sti...
by Fishing50
Sat Jul 11, 2020 9:41 am
Forum: Personal Investments
Topic: New TSP Lifecycle Funds
Replies: 9
Views: 998

Re: New TSP Lifecycle Funds

Hello. My husband and I are looking for advice about the possibility of doing an intrafund transfer from the L2050 to the newly added L2055. The L2050 has seemed a bit conservative to us, but we are open to perspectives on whether switching to the more aggressive L2055 makes sense for us, and if so...
by Fishing50
Wed Jul 01, 2020 8:45 am
Forum: Investing - Theory, News & General
Topic: Retirement: Withdrawing from cash when do u replenish?
Replies: 37
Views: 2545

Re: Retirement: Withdrawing from cash when do u replenish?

I have a couple of questions for those that use a cash reserve (ie set aside) for withdrawing from their portfolio. I've read a number of threads during this recent downturn where people would state something to the effect "I keep 3 years in CD's, so I don't have to sell any investments " etc. (1) ...
by Fishing50
Fri Jun 26, 2020 7:28 am
Forum: Personal Investments
Topic: Your advice on this money move, please.
Replies: 8
Views: 1235

Re: Your advice on this money move, please.

I like the move. G fund is a real nice option these days.

We take taxable investment dividends in cash. Sometimes we spend it, sometimes we reinvest it.
by Fishing50
Sat Jun 20, 2020 11:31 am
Forum: Personal Investments
Topic: Portfolio Re-balance... What's Next?
Replies: 41
Views: 4466

Re: Portfolio Re-balance... What's Next?

Alright, #s are getting complicated but I really appreciate everyone's inputs. Can I get a sanity check here... TSP - 19500 / ROTH - 6000 / Taxable - 20000 = 45500) TSP (10% bond of 45500 / 51% US of 45500 in TSP) G - 23% of 19500 = 4485 F - 0 C - 65% of 19500 = 12675 S - 12% of 19500 = 2340 I - 0 ...
by Fishing50
Fri Jun 12, 2020 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Any suggested CU/Banks for a mortgage? I’m shopping now...
Replies: 18
Views: 1460

Re: Any suggested CU/Banks for a mortgage? I’m shopping now...

I’ll never leave Navy Federal Credit Union. This week I received a Streamlined Rate Reduction at no cost to 3.1% from 3.875% with 24yrs remaining which was much easier than a 2.75% refi. I regret saving about $1K closing the original mortgage with USAA instead of NFCU because USAA refused to refi th...
by Fishing50
Thu Jun 11, 2020 9:21 pm
Forum: Personal Investments
Topic: New Kid on the Block - A Wannabe Boglehead
Replies: 10
Views: 862

Re: New Kid on the Block - A Wannabe Boglehead

We're 2 yrs from a military officer pension, couple of thoughts: You are off to a great start- 10yrs in the military, single income, married filing joint income taxes...you are in the 12% Federal income tax bracket, so Roth TSP and Roth IRA are the correct choice. In retirement your pension will fil...
by Fishing50
Tue Jun 02, 2020 8:06 am
Forum: Personal Investments
Topic: Vandguard/TSP Evaluation
Replies: 9
Views: 1003

Re: Vandguard/TSP Evaluation

You are in the 22% tax bracket. A mix of Traditional & Roth TSP is good. I checked the numbers. An E-7 with 16 years of service makes $4753 per month, which is $57,036 annually. The top of the 12% tax bracket is $52,525 ($40,125 plus $12,400 standard deduction). Thus, unless some of your pay is tax...
by Fishing50
Sat May 30, 2020 2:16 pm
Forum: Personal Investments
Topic: Vandguard/TSP Evaluation
Replies: 9
Views: 1003

Re: Vandguard/TSP Evaluation

You are in the 22% tax bracket. A mix of Traditional & Roth TSP is good. If you’re planning to work after military retirement more Roth is probably best because the future pension and employment income will put you in a higher tax bracket making traditional a better choice in the future. If your son...
by Fishing50
Sat May 23, 2020 12:20 pm
Forum: Personal Investments
Topic: TSP in a Combat Zone
Replies: 2
Views: 502

Re: TSP in a Combat Zone

If Roth TSP contributions thus far are your only contributions, it will be difficult to get to the $57K max this year. You should aim to max Roth TSP this year and maximize tax exempt contributions in the combat zone. As of May you already have $9500 in Roth TSP during Nov and Dec you can contribute...
by Fishing50
Fri May 22, 2020 8:13 am
Forum: Personal Investments
Topic: Our Finances - A "Check Up" Post
Replies: 8
Views: 1320

Re: Our Finances - A "Check Up" Post

Some Roth 401k contributions is probably a good idea with the future pension. Re-evaluate the Roth contributions when current tax rates expire after 2025.
by Fishing50
Sun May 17, 2020 2:00 pm
Forum: Personal Investments
Topic: Portfolio Review and Retirement Planning - Next 16 Years
Replies: 12
Views: 1227

Re: Portfolio Review and Retirement Planning - Next 16 Years

We're 4 yrs ahead of you, retiring in 2022 with a military pension. My plan for Fishing at 50, has been derailed by an unexpected promotion which has us working until 52yrs old. An extra tour definately improves the retirement pension and financial situation. Retirement Expenses: ~$125k/year (expect...
by Fishing50
Sat May 16, 2020 12:49 pm
Forum: Personal Investments
Topic: Portfolio Review for 30th Birthday
Replies: 15
Views: 1049

Re: Portfolio Review for 30th Birthday

Emergency funds: Yes, about 6 months expenses (majority in Ally savings, some in checking accounts) Tax Rate: 22% Federal, 8.2% State and County Age: Both 30. DINK for now, unsure if kid(s) in future Portfolio Size: ~$200k Current Retirement Assets Taxable Brokerage Account at Vanguard 20% Vanguard...
by Fishing50
Sat May 16, 2020 7:55 am
Forum: Personal Investments
Topic: More to TSP or Taxable acct
Replies: 21
Views: 1129

Re: More to TSP or Taxable acct

I greatly appreciate the advice. Currently single. Govt civilian. Annual salary of 67,000'ish. 30k in Roth TSP, 8K in Vanguard Roth IRA, and 220k in Vanguard taxable. Georgia state taxes of 5.75%. I'm looking to retire in 25 years. Perhaps this extra info will help decide if I should go to Traditio...
by Fishing50
Fri May 15, 2020 8:11 am
Forum: Personal Investments
Topic: More to TSP or Taxable acct
Replies: 21
Views: 1129

Re: More to TSP or Taxable acct

Roth TSP is the correct choice in the 12% tax bracket.
With a probable future pension, Roth TSP could be the correct choice in the 22% tax bracket too.
by Fishing50
Tue May 05, 2020 7:32 am
Forum: Personal Investments
Topic: Portfolio Review - New Boglehead On the Right Track?
Replies: 21
Views: 972

Re: Portfolio Review - New Boglehead On the Right Track?

I'm currently working in public service and anticipate doing so for at least 10 years to get my loans forgiven and my pension to vest. Emergency funds: 6 months expenses in CIT Money Market account. Student Loans: $70,000 at around 5.5%. Pursuing public service loan forgiveness, already approved fo...
by Fishing50
Sat May 02, 2020 1:20 pm
Forum: Personal Investments
Topic: Question on how RMDs affect a spending plan in retirement.
Replies: 16
Views: 1241

Re: Question on how RMDs affect a spending plan in retirement.

I think you have the title slightly wrong. "How will RMDs affect income taxes" is a real question. I recommend mapping out your expected income tax rates, and determine traditional TSP withdrawal strategy if you are retiring before social security (SS) because you may be able to significantly reduce...
by Fishing50
Sat May 02, 2020 12:39 pm
Forum: Personal Investments
Topic: Most tax efficient way to liquidate $200k inherited tIRA
Replies: 20
Views: 1997

Re: Most tax efficient way to liquidate $200k inherited tIRA

Pension has a significant impact on your future tax rate for traditional accounts because you will never get withdrawals the lowest levels. Maximizing Roth contributions in the 12% bracket is absolutely correct. At your age I wouldn't defer 12% taxes with traditional contributions to save 10% taxes ...
by Fishing50
Sun Apr 26, 2020 6:12 pm
Forum: Personal Investments
Topic: S&P 500 vs Total Market Index funds
Replies: 67
Views: 5525

Re: S&P 500 vs Total Market Index funds

Just starting out, consider Fidelity ZERO expense ratio mutual funds.
by Fishing50
Sat Apr 25, 2020 2:12 pm
Forum: Personal Investments
Topic: 29 years old, newly married. [Update 2 years later]
Replies: 25
Views: 4316

Re: 29 years old, newly married. Need help allocating ~$3300/month

Yes taxable is all in stock. We have 4 months expenses in a HYSA, so it is liquid. I guess my thinking is if we lose one job we don’t have to pull from EF. If we both lose our jobs, with unemployment, we have about 6 months. Then with half our current taxable and half our current hsa that would get...
by Fishing50
Fri Apr 24, 2020 8:22 am
Forum: Personal Investments
Topic: Struggling to settle on a taxable portfolio
Replies: 8
Views: 800

Re: Struggling to settle on a taxable portfolio

2yrs away from military retirement at 52yrs old, I agree total stock market and total intl stock market index only in the taxable account for tax efficiency. Think about how much gap income you will need from taxable after other income sources. We've already stopped reinvesting dividends in taxable ...
by Fishing50
Wed Apr 22, 2020 9:29 pm
Forum: Personal Investments
Topic: Portfolio Review/Help Please
Replies: 5
Views: 475

Re: Portfolio Review/Help Please

With 2x future pensions, I recommend Roth 457 contributions if available until tax code reverts back to the old schedule in 2026. The pensions will fill the lowest tax brackets, so your 457 distributions will likely be in the 22% tax bracket or higher. The next couple years are an opportunity for yo...
by Fishing50
Sat Apr 18, 2020 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: What factors influenced you to maintain a perpetual mortgage balance on your primary residence?
Replies: 28
Views: 2346

Re: What factors influenced you to maintain a perpetual mortgage balance on your primary residence?

My pension will pay our mortgage when we retire from the military at 52yrs old.
If I die early, she can payoff the mortgage or sell and move to a lower cost area.
by Fishing50
Sat Apr 18, 2020 2:36 pm
Forum: Personal Investments
Topic: Beginner - Best way to start
Replies: 4
Views: 259

Re: Beginner - Best way to start

Bill Bernstein has great little book for free: viewtopic.php?t=163647

The etf.com link still works.
by Fishing50
Tue Apr 14, 2020 8:23 am
Forum: Personal Investments
Topic: 401K vs. brokerage account for 2 years
Replies: 10
Views: 643

Re: 401K vs. brokerage account for 2 years

Seems 50 years (or so) of tax free growth in the Roth will far surpass growth in a taxable account, making it better off not only to keep existing funds in Roth but to add as much as possible to the Roth 401k during the grad student years. Whether in-service withdrawals from the Roth 401k to a Roth...
by Fishing50
Sat Apr 04, 2020 2:12 pm
Forum: Personal Investments
Topic: Portfolio Review Request
Replies: 11
Views: 773

Re: Portfolio Review Request

In taxable accounts, prefer only total US market index fund and total intl market index funds for tax efficiency of 15% tax on dividends and capital gains if you choose. Tax loss harvesting saves a little money along the way. Keep bonds in 401K accounts. I recommend keeping TSP because G Fund is un...