Search found 926 matches

by soccerrules
Wed Nov 13, 2019 1:50 pm
Forum: Personal Investments
Topic: SIL retirement puzzle
Replies: 49
Views: 3350

Re: SIL retirement puzzle

:happy I'm not suggesting a reverse mortgage on a newly purchased condo. Instead, I'm pointing out that the $ spent for the condo have been converted to equity which can be tapped. If a reverse mortgage is a bad idea, then my BIL and my wife can have my SIL write a note against the condo equity. an...
by soccerrules
Wed Nov 13, 2019 1:35 pm
Forum: Personal Investments
Topic: Is this too simple
Replies: 16
Views: 2527

Re: Is this too simple

I can see I have some work to do research wise, thanks to all...my simple thinking was basic put 5 years worth of normal withdrawl amouts into a CD ladder...we are assuming 3.5% with draw each year of our total balance, so keep 17% in the ladder and the rest in our Roths, IRAs and 403Bs which we wi...
by soccerrules
Tue Nov 12, 2019 1:33 pm
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 176
Views: 13225

Re: Spend It All vs. Leave $$ for the Kids

Interesting question and like many things, there is no right or wrong answer. We plan to be FI by age 60.(5-6 years) We also expect a mid/high 6 figure inheritance. We are currently on the verge of needing to help the other set of parents who have no deb but little savings and living/surviving on SS...
by soccerrules
Wed Nov 06, 2019 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Excess Cash- What to do with it?
Replies: 14
Views: 1659

Re: Excess Cash- What to do with it?

runner3081 wrote:
Wed Nov 06, 2019 7:41 pm
Extra money goes into post-tax index fund investing for us.
^^^^^ This!
by soccerrules
Wed Nov 06, 2019 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Should be I be investing anything in my current situation?
Replies: 19
Views: 1601

Re: Should be I be investing anything in my current situation?

1. Thank you for your service! And congratulations on getting married! 2. I'd focus on the credit card debt first. Maybe check out Dave Ramsey for tips. Then come back here for advice on the investing side of things. +1. Tackle the debt first. Yes thank you for your service! I wish I had a site lik...
by soccerrules
Mon Nov 04, 2019 6:21 pm
Forum: Personal Investments
Topic: What's the Best Investment in Your Opinion?
Replies: 23
Views: 2311

Re: What's the Best Investment in Your Opinion?

arca- Looks like you joined 5 years ago and have posted only a handful of times. I am not sure if you have read many of the other posts about similar questions. Honestly, you didn't provide enough info for anyone to give you solid advice. is this money you want to spend in 6 mo to 3 years? Is this m...
by soccerrules
Thu Oct 24, 2019 3:43 pm
Forum: Personal Investments
Topic: Are we on the right track?
Replies: 6
Views: 859

Re: Are we on the right track?

I will make a general statement as someone further down the road of life. I would focus on trying to save more but not to the point of not enjoying life. If you are doing essentially what you want, take a few trips etc. --then I would try and save everything else. Putting away money sooner is usuall...
by soccerrules
Tue Oct 22, 2019 11:31 am
Forum: Personal Investments
Topic: Advice on my investment strategy please
Replies: 17
Views: 987

Re: Advice on my investment strategy please

Wizard - Looks like you signed up on BH more than 6 years ago. I am not sure if you have continued to browse the forum or made 1-2 posts and never returned. here are some general suggestions and thoughts. 1) READ! -- check out the wiki, videos and books. Information is powerful and important. The ad...
by soccerrules
Wed Oct 16, 2019 12:13 pm
Forum: Personal Investments
Topic: HSA and/or 401K
Replies: 19
Views: 797

Re: HSA and/or 401K

Based on your OP and replies it appears you are not where you want to be for savings / retirement. I also you did not supply enough information of your financial picture and what you are proposing from a dollars perspective. if you are discussing reducing your HSA contributions by 50% but continuing...
by soccerrules
Wed Oct 16, 2019 8:07 am
Forum: Personal Investments
Topic: More than one Investment Company
Replies: 21
Views: 1464

Re: More than one Investment Company

Having worked most of my career for a well managed company that provided a global online service I know that most if not all companies will experience systems outages and will occasionally become targets for cyber criminals. These problems will often be resolved reasonably quickly but if they happe...
by soccerrules
Tue Oct 15, 2019 12:29 pm
Forum: Personal Investments
Topic: Where to Put "Extra" Taxable Savings
Replies: 28
Views: 3371

Re: Where to Put "Extra" Taxable Savings

here are a few thoughts to chew on, if I were you. Keep EF as is. Create a budget for discretionary spending ( trip,splurges) if you are truly on a solid path to FI then it is OK to enjoy life now. I would invest the remaining according to your AA. One idea might be to set aside some money for the l...
by soccerrules
Tue Oct 15, 2019 9:28 am
Forum: Personal Investments
Topic: How to Use Withdrawn Money
Replies: 10
Views: 947

Re: How to Use Withdrawn Money

a little different view. Why not put it towards your current mortgage as a one time principal payment -- a guaranteed return of ~ 4% ? Then when you sell the house you have the funds back to reinvest in the market. This may require you to withdraw another $65K in 18 months, unless you can have a dua...
by soccerrules
Mon Oct 14, 2019 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: poor Boglehead sending my kids to college
Replies: 69
Views: 5833

Re: poor Boglehead sending my kids to college

Seems like you are getting some solid input. At the end of the day -- "You do you" if you guys spend $50K a year and you have north of $1M in savings -- you are in a good place and will have options in 4-5 years to do what YOU think is best for YOUR kids. I like the idea of sitting down with them an...
by soccerrules
Mon Oct 14, 2019 9:49 am
Forum: Personal Finance (Not Investing)
Topic: 2020 Social Security Maximum Taxable Earnings $137,700
Replies: 39
Views: 5114

Re: 2020 Social Security Maximum Taxable Earnings $137,700

There has been a lot of information about the 2020 SS COLA of 1.6%. What has not been mentioned in the SSAs same day release of 2020 SS changes from the CPI-U release on 10/10/2019. Is that those changes also included an increase in the Maximum Taxable Earnings from $132,900 (2019) to $137,700 (202...
by soccerrules
Tue Oct 08, 2019 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: What would you do? New to this stuff
Replies: 33
Views: 4023

Re: What would you do? New to this stuff

Thanks for the replies everyone. I guess where I am at is deciding to just go for debt first or do a hybrid. the 6% return of paying it off is a good point Forget the hybrid, take the bird in hand. Who is providing a guaranteed 6% return to you today with zero risk, anywhere? No one, except the stu...
by soccerrules
Mon Oct 07, 2019 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Tactics to pay off Mortgage Early??
Replies: 60
Views: 6306

Re: Tactics to pay off Mortgage Early??

your interest rate is pretty solid. I would just pick a set amount each month to ADD to principal above the payment. About 10 years ago when we refi'd, our payment dropped several hundred dollars. I continued to pay the previous mortgage payment for a few years until there was a need to for more "ca...
by soccerrules
Thu Oct 03, 2019 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: SS Question -- Timing of PIA Calculation
Replies: 19
Views: 1024

Re: SS Question -- Timing of PIA Calculation

Why I am asking : I was born before 1954 and am able to claim spousal SS when my wife claims her own SS benefits. We are self-employed and have variable incomes. 2019 was a big year for her, which makes me think that her PIA will go up when her 2019 earnings are folded in. If we claim without that ...
by soccerrules
Thu Oct 03, 2019 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: Home repair - paying cash (dollar bills)
Replies: 60
Views: 5082

Re: Home repair - paying cash (dollar bills)

Right, and with a project of this size, you might not know what corners have been cut until the guy is long gone. I do pay cash sometimes for small things, say less than $300, but I wouldn't for work of this scope. Agreed. I have done this on a few occasions for tree/yard work. I would not feel com...
by soccerrules
Thu Oct 03, 2019 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Lump Sum Payout Option Offered
Replies: 3
Views: 291

Re: Pension Lump Sum Payout Option Offered

JOEVANDAL wrote:
Thu Oct 03, 2019 6:26 pm
I would take the lump sum and roll it into an IRA. This way the money is yours and you can invest it and let it grow for for 25-30 years.
+1
by soccerrules
Wed Oct 02, 2019 8:46 am
Forum: Personal Investments
Topic: Asset Allocation Question
Replies: 7
Views: 667

Re: Asset Allocation Question

RNJ wrote:
Wed Oct 02, 2019 7:25 am
The latter.
+ 1
by soccerrules
Wed Oct 02, 2019 8:43 am
Forum: Personal Investments
Topic: What do I do with IRA?
Replies: 17
Views: 1269

Re: What do I do with IRA?

Thanks for your reply. I am very aware of he rules for the backdoor Roth, which is why I am asking if I should leave it or roll it over. In reading your post you are actually discussing "converting" your Trad IRA to your Roth IRA and paying the taxes. A roll-over implies moving the funds from IRA t...
by soccerrules
Tue Oct 01, 2019 5:24 pm
Forum: Personal Investments
Topic: Back door roth IRA
Replies: 3
Views: 387

Re: Back door roth IRA

roll the pre-tax money into your current companies 401K - if allowed. That will clear the way for you to do the backdoor Roth IRA with ease. (Vote this if you can). You will need to make sure the funds have rolled over and our settled in your 401K to avoid any glitches. you could also just convert t...
by soccerrules
Tue Oct 01, 2019 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Laid off, but going to be OK! A thank you post.
Replies: 16
Views: 4258

Re: Laid off, but going to be OK! A thank you post.

willthrill81 wrote:
Mon Sep 30, 2019 4:08 pm
$500k in assets and no debt at age 29 is astonishing. Good for you!

I have no doubt that you'll find another job that was better than the last.
+1 -- great job --stay the course.
by soccerrules
Mon Sep 30, 2019 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: New job and dislike it ... go back to old employer?
Replies: 43
Views: 4601

Re: New job and dislike it ... go back to old employer?

I would have put a red X on the new job with the commute/commute times. Life is too short. When you took the new job was a move closer to the job if it "worked out" in the cards? I don't think you have given the new job enough time (business is cyclical) but, the commute and getting up at 4:30 won'...
by soccerrules
Mon Sep 30, 2019 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Do you know what your partner spends money on?
Replies: 80
Views: 6546

Re: Do you know what your partner spends money on?

Backdrop we got married right out of college and grew up with single income parents and the husband handled the money. That was what was modeled for us. (not right or wrong, just what we knew) We did start from the beginning by having 1 checking account and 1 credit card account. We are in this toge...
by soccerrules
Mon Sep 30, 2019 11:47 am
Forum: Personal Finance (Not Investing)
Topic: How are we doing? Need your input, please
Replies: 10
Views: 1460

Re: How are we doing? Need your input, please

Looks like a good savings rate. If you are doing what you want and still have money left over, I would increase your savings rate. Increase tax deferred $500/mo and then $500 to Taxable Investments, or all to tax deferred. you will get different responses on the 0% car loan. The thing to think about...
by soccerrules
Mon Sep 30, 2019 11:32 am
Forum: Personal Finance (Not Investing)
Topic: New job and dislike it ... go back to old employer?
Replies: 43
Views: 4601

Re: New job and dislike it ... go back to old employer?

I would go meet with the CEO of former company. I think you need to make sure you are OK stepping back into the same situation. I would want to know if things are same (toxic culture, tyrant) or have then gotten better ? worse? Find out what would be expected of you when you return (increase pay= in...
by soccerrules
Wed Sep 25, 2019 2:03 pm
Forum: Personal Investments
Topic: Need investment review
Replies: 12
Views: 939

Re: Need investment review

first of all-- looks like you are doing a great job and probably ahead of 95% of your colleagues. A few thoughts 1) Keep after traditional 401K -- seems like Roth does not offer a big advantage unless you see a BIG increase in tax brackets (income) in retirement 2) You can do backdoor Roth if your c...
by soccerrules
Wed Sep 25, 2019 11:54 am
Forum: Personal Investments
Topic: What to do next with our money
Replies: 22
Views: 4362

Re: What to do next with our money

Reading you post but have not read other responses. Don't live in the past, let it drive you to better decisions and habits. Keep saving, push to get up to 20% minimum more if possible. Keep it simple-- Invest in an AA that meets you ability and willingness risk and helps you sleep at night In order...
by soccerrules
Wed Sep 25, 2019 11:11 am
Forum: Personal Investments
Topic: Roth Question
Replies: 5
Views: 462

Re: Roth Question

I believe if this money is considered earned income --then yes you can contribute to a Roth up to the lower of your "Earned Income or IRA limit for the calendar year"
by soccerrules
Wed Sep 25, 2019 10:01 am
Forum: Personal Investments
Topic: 401K Conversion to IRA
Replies: 4
Views: 291

Re: 401K Conversion to IRA

as I understand it -- you combined 2 IRA accounts -- one was a Rollover IRA (401k) and the other was a Traditional IRA that you contributed deductible contributions. Combining the "tax-deferred" IRA monies into 1 account is fine and simple. Did you ever have IRA contributions (direct to IRA account)...
by soccerrules
Wed Sep 25, 2019 9:48 am
Forum: Personal Investments
Topic: Advice regarding portfolio (3-fund approach)
Replies: 17
Views: 3102

Re: Advice regarding portfolio (3-fund approach)

OP- Looks like Duckie has you taken care of. I will make a few comments for you to consider. 1) Simplify where you can 2) Focus on increasing your savings amount, where it goes right now is not as important 3) at age 30 there are many that are 100% stock , 90/10 80/20 and 70/30 -- all are acceptable...
by soccerrules
Wed Sep 25, 2019 8:01 am
Forum: Personal Investments
Topic: Need review of my finances
Replies: 13
Views: 1492

Re: Need review of my finances

As others have mentioned, thin out your portfolio, look at ALL accounts as one to determine AA. 70/30 seems reasonable. Presently you have a lot of overlap, and WAY too many funds. Simplify, simplify, simplify! A simpler portfolio will reduce the overlap, and be easier to manage, fewer funds to loo...
by soccerrules
Wed Sep 25, 2019 7:49 am
Forum: Personal Investments
Topic: I am being asked to retire. Am I ready?
Replies: 84
Views: 10580

Re: I am being asked to retire. Am I ready?

On the surface 3% of $4 million is $120k so you're good to go! 👍 What does the non discretionary include? Mortgage and car payments? No mortgage. Paid off the house a few years ago. It includes property taxes ($1,000/month), electricity, water, gas, food, insurance, automobile costs (fuel, service,...
by soccerrules
Tue Sep 24, 2019 4:14 pm
Forum: Personal Investments
Topic: Verge of Retiring, Portfolio Analysis Help
Replies: 46
Views: 4505

Re: Verge of Retiring, Portfolio Analysis Help

a. All your individual stocks look sound. I wouldn't be in a rush to unload them. Maybe lighten up on the oil stocks a bit. JPM at 10% is okay; it's a great bank and has room to grow. I know that any time I look at each indiv. stock it's never sell but usually hold, buy or strong buy so I have conf...
by soccerrules
Tue Sep 24, 2019 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Quiz: How Well Do You Know Social Security
Replies: 37
Views: 3507

Re: Quiz: How Well Do You Know Social Security

had some text anxiety, guessed on a couple based on "most reasonable" answer
9-9. lol

Now back to the grind
by soccerrules
Tue Sep 24, 2019 11:17 am
Forum: Personal Investments
Topic: I am being asked to retire. Am I ready?
Replies: 84
Views: 10580

Re: I am being asked to retire. Am I ready?

On the surface 3% of $4 million is $120k so you're good to go! 👍 What does the non discretionary include? Mortgage and car payments? No mortgage. Paid off the house a few years ago. It includes property taxes ($1,000/month), electricity, water, gas, food, insurance, automobile costs (fuel, service,...
by soccerrules
Tue Sep 24, 2019 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Should I take a pension buyout?
Replies: 15
Views: 1125

Re: Should I take a pension buyout?

I am no pensions expert, but have a few questions that might helps others 1) will you receive SS ? 2) What are your anticipated yearly expenses in retirement? 3) Seems like you plan to continue to work if job is still there? 4) is pension a mandatory 1/1/2020 pay out ? or take a lump distribution ? ...
by soccerrules
Mon Sep 23, 2019 11:52 am
Forum: Personal Consumer Issues
Topic: Physical activity suggestions for a non athletic youth
Replies: 189
Views: 9527

Re: Physical activity suggestions for a non athletic youth

I am sure others will have possible options. In general I would suggest "just getting him up and moving". Bike Riding Nature walk-- with some terrain (use those muscles a little more and burn more calories) Golf is good -- but walk or use pull cart. Get him in an active group (Boy Scouts, Adventures...
by soccerrules
Wed Sep 18, 2019 2:06 pm
Forum: Personal Investments
Topic: Withdrawal Approach
Replies: 29
Views: 2436

Re: Withdrawal Approach

Pensions ? or Investments ?-- a little confused. I am 5-6 years away from pulling the plug on the monthly earned income. Here is my plan (could change) I will likely have 2 years of living expenses in fixed income (CD ladder, TIPS and cash). The rest of my assets will be in a 3 fund portfolio with a...
by soccerrules
Wed Sep 18, 2019 1:52 pm
Forum: Personal Investments
Topic: Donor-Advised Funds (DAFs)
Replies: 25
Views: 1637

Re: Donor-Advised Funds (DAFs)

DAFs only really help in the event you itemize. That means you have to evaluate in relation to the standard deduction. As a married couple, your standard deduction is $24,400. DAF thus only really helps if you already have more than $24,400 in possible itemized deductions or if your giving to a DAF...
by soccerrules
Tue Sep 17, 2019 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: How do you spend money to gain time? (young family)
Replies: 155
Views: 11627

Re: How do you spend money to gain time? (young family)

i will add a couple (not having read the whole thread) 1) paper plates -- easy for meals -especially what toddlers eat. 2) Find a drop off babysitter (these are businesses in bigger cities) or parent day out programs. You would be surprised what having 2-3 hours 2 times a week can do for you. 3) if ...
by soccerrules
Fri Sep 13, 2019 1:36 pm
Forum: Personal Investments
Topic: Three Fund Portfolio taxes
Replies: 13
Views: 2006

Re: Three Fund Portfolio taxes

not enough info -- hard to know what you know or what additional information you are looking for, so here is a stab in the dark. If you put in tax deferred account (like 401k,403b) you will pay no taxes now (only when you withdraw, ideally after age 59.5) If you can deduct contributions to Trad IRA ...
by soccerrules
Fri Sep 13, 2019 8:38 am
Forum: Personal Finance (Not Investing)
Topic: Am I just playing mind games with myself?
Replies: 23
Views: 3260

Re: Am I just playing mind games with myself?

I am curious if I am just playing useless mind games? Here is the scenario with the numbers adjusted for simplicity. Let us use the following factitious numbers: I have a 60/40 portfolio with $2 million. That comes out to $800k in bonds and equivalents. Half of the portfolio is in a taxable account...
by soccerrules
Fri Sep 13, 2019 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Should I Stay or Should I Go?
Replies: 18
Views: 2748

Re: Should I Stay or Should I Go?

thoughts what is the likelihood they can hire and you could train the individual over the next 6 months ? I would ask for either 6 more months of employment and/or an increase in the severance equal to 2 weeks for each year of employment and then healthcare through 12/31/20. If i read your post you ...
by soccerrules
Thu Sep 12, 2019 10:56 am
Forum: Personal Investments
Topic: Where should we cut back saving/investing?
Replies: 58
Views: 6486

Re: Where should we cut back saving/investing?

quick comments if you need to reduce savings -- 529 1st and then taxable next is looking for ways to increase income-- look for growth oppty's at current fed employment (add skills on the side to improve options) . Side Gig ? Do you have a skill or hobby that could bring in extra money ? just $300 ...
by soccerrules
Thu Sep 12, 2019 8:02 am
Forum: Personal Investments
Topic: Where should we cut back saving/investing?
Replies: 58
Views: 6486

Re: Where should we cut back saving/investing?

quick comments if you need to reduce savings -- 529 1st and then taxable next is looking for ways to increase income-- look for growth oppty's at current fed employment (add skills on the side to improve options) . Side Gig ? Do you have a skill or hobby that could bring in extra money ? just $300 a...
by soccerrules
Fri Sep 06, 2019 8:32 am
Forum: Personal Finance (Not Investing)
Topic: HSA guidance
Replies: 9
Views: 854

Re: HSA guidance

thanks all
by soccerrules
Thu Sep 05, 2019 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: HSA guidance
Replies: 9
Views: 854

Re: HSA guidance

Yes, you can rollover an HSA to another HSA custodian. You can also contribute to you current employer's HSA custodian to get a FICA exemption. Then you can periodically rollover from your current employer's HSA custodian to another HSA custodian. Fidelity is the current HSA custodian of choice. Th...