Search found 840 matches

by soccerrules
Tue Jul 16, 2019 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: 1 million in liquid assets or paid off mortgage by 40?
Replies: 60
Views: 5303

Re: 1 million in liquid assets or paid off mortgage by 40?

I would have taken $1M assets.
I could have reduced future investment dollars and balanced our AA for a easier, less volatile guide path.
I would have been set to "win the game".
by soccerrules
Tue Jul 16, 2019 9:49 am
Forum: Personal Investments
Topic: Company Stock at discount - immediate sell
Replies: 16
Views: 873

Re: Company Stock at discount - immediate sell

thanks for the feedback. This is a fairly small amount (less than $3k a year i believe) in stock purchases. Wondering if he would be better off putting that money into 401K instead-- I don't know if he is taking full advantage of the company match -- which would be a better benefit than the "gain=t...
by soccerrules
Tue Jul 16, 2019 9:42 am
Forum: Personal Investments
Topic: Company Stock at discount - immediate sell
Replies: 16
Views: 873

Re: Company Stock at discount - immediate sell

thanks for the feedback. This is a fairly small amount (less than $3k a year i believe) in stock purchases. Wondering if he would be better off putting that money into 401K instead-- I don't know if he is taking full advantage of the company match -- which would be a better benefit than the "gain=to...
by soccerrules
Tue Jul 16, 2019 8:39 am
Forum: Personal Investments
Topic: Company Stock at discount - immediate sell
Replies: 16
Views: 873

Company Stock at discount - immediate sell

I wanted to confirm my thinking. I have never done this and have no experience I have a young friend that is buying his company's stock at a discount and then turning around and selling the stock within a few days/weeks. He pays taxes on the ST "gain" as ordinary income, there is no real win for him...
by soccerrules
Tue Jul 09, 2019 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Changing jobs need advice on 401K
Replies: 5
Views: 397

Re: Changing jobs need advice on 401K

Just wait and see what kind of options you have in your new 401K. When I switched jobs, I just did a rollover to my new 401K. FYI, we usually don’t list our employers on this site. + 1 I did the same. My new 401K options are not as good as a former employer.(.5% higher ERs) so I decided to leave it...
by soccerrules
Tue Jul 09, 2019 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Family Help
Replies: 10
Views: 1621

Re: Family Help

Sorry for your family's loss. On the information provided. Possible ideas. 1) Move to rental and sell presumably larger primary residence. More cash, less expenses (less taxes, insurance, upkeep-maybe?) 2) Add a paying roommate to current residence (offsets costs and provides social interaction ?) 3...
by soccerrules
Tue Jul 09, 2019 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Withdrawal Math Verification Needed
Replies: 20
Views: 1640

Re: Retirement Withdrawal Math Verification Needed

$2.5M is cash gives your 50 years of $50K withdrawals -- you are good to 115! (not factoring increased withdrawals due match inflation) in general 2% inflation adjusted withdrawal rate of portfolio assuming at least a 30-40% stock position -- is widely considered bullet proof to not run out of mone...
by soccerrules
Tue Jul 09, 2019 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Withdrawal Math Verification Needed
Replies: 20
Views: 1640

Re: Retirement Withdrawal Math Verification Needed

$2.5M is cash gives your 50 years of $50K withdrawals -- you are good to 115! (not factoring increased withdrawals due match inflation) in general 2% inflation adjusted withdrawal rate of portfolio assuming at least a 30-40% stock position -- is widely considered bullet proof to not run out of money...
by soccerrules
Fri Jul 05, 2019 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: How much did FIRE affect your SS payments?
Replies: 17
Views: 2440

Re: How much did FIRE affect your SS payments?

if it helps, once you have passed the 2nd bend point; each $100K of indexed earnings is worth @ $35/mo in SS benefit at FRA.
by soccerrules
Wed Jul 03, 2019 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Do we need life and/or disability insurance?
Replies: 7
Views: 336

Re: Do we need life and/or disability insurance?

I would keep both Disability/Life Insurance for at least 10 more years.

You could probably drop the disability sooner, but assume you have some LT Disab through your company ?
Life Insurance I would get $1M on a level premium policy and then either reduce amount after 10 years or cancel.
by soccerrules
Tue Jun 25, 2019 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Transition to management is stressful
Replies: 20
Views: 2620

Re: Transition to management is stressful

sorry but welcome to Management. It appears you may have gone into the Management for partially the wrong reason (resume builder). I would say the reason I moved into management was the following: 1) I liked it and I liked teaching and mentoring 2) I liked helping people succeed and watching (helpin...
by soccerrules
Fri Jun 21, 2019 1:44 pm
Forum: Personal Investments
Topic: Asset Allocation - Risk
Replies: 15
Views: 1293

Re: Asset Allocation - Risk

I read a post here once that suggested taking your portfolio and dividing into "our" money and "inheritance" money. Set aside and invest "our" money with a proper AA and SWR (3%? for your age) to live off of, maybe with a 20% extra cushion to last until your demise. Then the rest of the funds- "inhe...
by soccerrules
Thu Jun 20, 2019 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Another Can I retire Post? - Age 58
Replies: 22
Views: 3026

Re: Another Can I retire Post? - Age 58

OP- several years ago my former advisors ran monte carlo simulations for us -- Goal $100K year at age 60 >. This assumes SS at 70 and spousal benefit for spouse. Similar SS to yours, ours maybe a little higher. The number they gave us was $1.6M to have a better than 80% success rate. I am not sure ...
by soccerrules
Thu Jun 20, 2019 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Another Can I retire Post? - Age 58
Replies: 22
Views: 3026

Re: Another Can I retire Post? - Age 58

Interesting, I'm having trouble seeing it being that tight, even at the current spending level. OP doesn't say if the portfolio is pre-tax or in taxable, but assume the worst case that it's effectively all in a pre-tax retirement plan. Suppose OP uses the $46K military pension plus withdraws $60K f...
by soccerrules
Thu Jun 20, 2019 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Another Can I retire Post? - Age 58
Replies: 22
Views: 3026

Re: Another Can I retire Post? - Age 58

OP- several years ago my former advisors ran monte carlo simulations for us -- Goal $100K year at age 60 >. This assumes SS at 70 and spousal benefit for spouse. Similar SS to yours, ours maybe a little higher. The number they gave us was $1.6M to have a better than 80% success rate. I am not sure t...
by soccerrules
Thu Jun 20, 2019 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Another Can I retire Post? - Age 58
Replies: 22
Views: 3026

Re: Another Can I retire Post? - Age 58

How is your current health? What has been the average longevity in your side of the family, for males? The life expectancy your wife quoted is based on the average, 50% die earlier, 50% live longer. No one including me knows the future, but if you do a few things right and bearing any unforseen con...
by soccerrules
Thu Jun 13, 2019 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: 401K / tIRA conversions to Roth -help with guidance
Replies: 2
Views: 329

401K / tIRA conversions to Roth -help with guidance

First -- thanks to everyone for your wise counsel and opinions, it is invaluable! I am wanting to get my head straight with planning around doing Roth conversions age 60-70. I will provide my projected scenario and would appreciate assistance on what steps I can take or need to consider now and then...
by soccerrules
Tue Jun 11, 2019 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: What should we do next?
Replies: 13
Views: 1346

Re: What should we do next?

another vote for fill up your 401K's -- you can each contribute $19K a year. After 12/31 any space left in the $19K bucket is gone. You can not go backwards and fill up prior years. As your income grows over the next 10-15 years, you will wish you would have taken advantage of that "space" if you di...
by soccerrules
Thu Jun 06, 2019 9:56 am
Forum: Personal Consumer Issues
Topic: Does a big family need 2 big cars? Question for 3 kid+ families
Replies: 58
Views: 3714

Re: Does a big family need 2 big cars? Question for 3 kid+ families

as a family with 3 kids we had one family car (SUV) and then one sedan. I personally think 3 is the cutoff to determine a need for 2 "family" cars. I would go with the commuter and higher MPG. Most of the time when we needed more than the Family car- it was few and far between and we just drove 2 ca...
by soccerrules
Thu May 30, 2019 6:04 pm
Forum: Personal Investments
Topic: Change in 401K due to employer change
Replies: 17
Views: 834

Re: Change in 401K due to employer change

Thank you very much everyone. You all are great. Appreciate it. And yes the reason we are thinking of moving money to new 401K is there are better Vanguard fund options with lower expense ratios. ask currently employer about receiving incoming rollovers, some allow it , some don't. You can rollover...
by soccerrules
Thu May 30, 2019 5:12 pm
Forum: Personal Consumer Issues
Topic: Is there a free Carfax available?
Replies: 21
Views: 1353

Re: Free or Cheap Carfax ? Buying a used car

Carfax does not have some issues a vehicle may have in it's history. My son hit a deer, 5000.00 in damages covered by insurance and it doesn't show on Carfax. Overrated in my opinion. Check the vehicle over, a good mechanic can tell if a bad wreck is in vehicle's past. agreed with the pre-purchase ...
by soccerrules
Thu May 30, 2019 3:34 pm
Forum: Personal Consumer Issues
Topic: Is there a free Carfax available?
Replies: 21
Views: 1353

Re: Free or Cheap Carfax ? Buying a used car

every used vehicle i have bought has been through a dealer/business and they provided carfax as part of the buying process.

I have not bought directly from individual, criagslist etc.
by soccerrules
Wed May 29, 2019 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: Retire at 55, what's the magic number
Replies: 185
Views: 30022

Re: Retire at 55, what's the magic number

Question on the 25-30x expenses model. Does that assume that you have zero dollars left at the end of your life, or that there will be "some" money leftover? For example, if someone's expenses are $100k a year and they plan to retire at 55, and they have $3MM in invested assets, does this model say...
by soccerrules
Mon May 20, 2019 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 221
Views: 12803

Re: Should I encourage my kids to work in high school/college?

it depends School is #1, always. Our kids played sports, involved at church and also worked usually starting around 14/15. They didn't work full time but did everything from mow yards, referee youth sports, food service, lifeguard, pet sit, babysit, paid internship, warehouse workers/driver and summ...
by soccerrules
Thu May 16, 2019 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Error with Social Security Earnings History
Replies: 26
Views: 1454

Re: Error with Social Security Earnings History

It is probably worth continuing to find the records. It is odd that the company doesn't have records from 9-10 years ago. I would encourage you to keep copies of W2 and Tax Return for ALL years going forward. I keep 10 years of all tax documents and receipts, then shred a set of back-up receipts/pa...
by soccerrules
Wed May 15, 2019 6:23 pm
Forum: Personal Investments
Topic: How am I doing so far???
Replies: 15
Views: 1412

Re: How am I doing so far???

Great Start! -- agree with the rest of the comments. 1) Live below your means and save as much as possible 2) Be patient --this is a long race. 3) It will seem like nothing is happening the first 5-10 -15 years. Keep adding and increasing your savings. Compounding is working, just wait :happy . 4) R...
by soccerrules
Wed May 15, 2019 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Error with Social Security Earnings History
Replies: 26
Views: 1454

Re: Error with Social Security Earnings History

It is probably worth continuing to find the records. It is odd that the company doesn't have records from 9-10 years ago. I would encourage you to keep copies of W2 and Tax Return for ALL years going forward. I keep 10 years of all tax documents and receipts, then shred a set of back-up receipts/pay...
by soccerrules
Wed May 15, 2019 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Adult kids auto insurance
Replies: 9
Views: 1010

Re: Adult kids auto insurance

Here is what happened for us..... We have launched one -- but really they jumped out with no push (graduated college, married 2 months later). Child has an analytical math mind so they were all over the budget, getting married and accounted for car, Insurance,cell, rent,food, gas, utilities etc. I a...
by soccerrules
Mon May 13, 2019 4:13 pm
Forum: Personal Investments
Topic: Request Portfolio Assistance/Review for Mid 40's couple with 2 kids
Replies: 10
Views: 1261

Re: Request Portfolio Assistance/Review for Mid 40's couple with 2 kids

I will comment on a few things that jumped out at me. 1) Life Insurance. I would look at a level premium term policy on both of you for 20 years. At least $1M on him and $750k-1M on her. Lock in the rates now. You can always drop the policy at any time (kids out of college, debt paid off) or reduce ...
by soccerrules
Mon May 13, 2019 9:12 am
Forum: Personal Investments
Topic: Please review my portfolio and retirement readiness
Replies: 10
Views: 1347

Re: Please review my portfolio and retirement readiness

What is your housing situation? If you have a expensive paid off house your situation is a lot different than if you rent since you would have the home equity to fall back on if you needed to. The plan includes that I will receive 32K in SS at age 67 and my wife will receive another 32K when she hi...
by soccerrules
Mon May 13, 2019 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Does spouse get spousal SSN benefit if she had her own SSN
Replies: 20
Views: 2209

Re: Does spouse get spousal SSN benefit if she had her own SSN

In general the low earning spouse will receive up to 50% of the High earning spouses PIA (Primary Insurance Amount) which is the amount the higher earner will/would receive at FRA. Technically for the lower earner (if they qualify for their own benefit) will receive their own benefit plus additional...
by soccerrules
Fri May 10, 2019 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Continue working for benefit of adult children or retiring earlier?
Replies: 87
Views: 6374

Re: Continue working for benefit of adult children or retiring earlier?

short answer- YES If you really do like your jobs and do not have something pulling you away (non-profit work, hobby) - why not. Other than what you mentioned you might find other worthy causes to support with your extra financial means. I am willing to work a little longer to make sure my kids do n...
by soccerrules
Fri May 10, 2019 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Help me pull the trigger-need to quit
Replies: 41
Views: 5311

Re: Help me pull the trigger-need to quit

Have you approached your boss about a 75% or reduced schedule ? Or take a more flexible role with the company to work remotely etc. You have a solid nest egg for 41 but am concerned about your spending. Your chances of success increase if you reduce your spending. Very hard to drop your income by 55...
by soccerrules
Thu May 09, 2019 6:19 pm
Forum: Personal Investments
Topic: Turning 65 (And I really think I'd like to retire some day)
Replies: 14
Views: 2364

Re: Turning 65 (And I really think I'd like to retire some day)

somewhat simple math. Either increase Income or decrease expenses - or Both! Portfolio $870K + $50K add next 12 months= $920K $51,000 Annual Expense - $13,000 Girlfriend contribution $38,000 need for 5 more years (total $190K) -$16,000 (SS) at 70 $22,000 need age 70 forward (need $550K @ 4% SWR, $73...
by soccerrules
Thu May 09, 2019 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Part time job ideas
Replies: 10
Views: 1357

Re: Part time job ideas

it would help to know what you do in the "medical field" if you are a practicing medical professional (doctor, nurse, imaging tech, medical assistant, etc) there are many avenues for temp work through staffing agencies, many of which can be within 30-45 minutes of your home. You pick the assignments...
by soccerrules
Mon May 06, 2019 3:49 pm
Forum: Personal Investments
Topic: Please review my portfolio
Replies: 18
Views: 4840

Re: Please review my portfolio

A $1M+ for your age, you are doing, continue as-is. Thanks for the feedback! I plan to continue saving like crazy, but I'm also willing to take on a little more risk in the hopes of getting better returns on my savings/investments. Jimmy- I would figure out what you need/want to live on and then wh...
by soccerrules
Mon May 06, 2019 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Zelle [digital payment system]
Replies: 23
Views: 2701

Re: Zelle

I have used Zelle to send money between family members (sister or HS/College students) as well as pay independent services (pool, yard)
by soccerrules
Wed Apr 24, 2019 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Debt Repayment vs Continued Investment: philosophical question?
Replies: 5
Views: 350

Re: Debt Repayment vs Continued Investment: philosophical question?

What helps you sleep at night ? As I read through your post i think you are projecting potential problems (bad habits) that may not currently exist. If you have had bad spending/financial habits in the past --then OK.--if not, then why suggest they will appear out of nowhere? Lifestyle creep does ha...
by soccerrules
Wed Mar 06, 2019 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Advice at 60
Replies: 52
Views: 4845

Re: Advice at 60

I agree with much of the feedback. I think your biggest move is to sell the house. Based on what I have read you have too much house (sorry) You and you wife need to sit down and talk hard about what your goals are for retirement and what needs to be done in the next 4-5 years to make them happen. I...
by soccerrules
Mon Sep 10, 2018 11:12 am
Forum: Personal Finance (Not Investing)
Topic: How much do bogleheads save in 529?
Replies: 79
Views: 5271

Re: How much do bogleheads save in 529?

I used the $300/mo that we were paying for 2-3 day preK for our oldest and started funding a 529 when he went to public school Kindergarten. I also used $100K from a windfall (about 8 years out from 1st child going to college) to fund 3 - 529's for our offspring weighted a little more for the oldes...
by soccerrules
Mon Sep 10, 2018 11:07 am
Forum: Personal Investments
Topic: Newbie Questions on Asset Allocation
Replies: 4
Views: 697

Re: Newbie Questions on Asset Allocation

Sierra- Welcome to BH-! My advice is to read the wikis, books on the reading list and then read the forum to learn from others. You have a lot going on and I think Bloom gave you some good advice. It appears you somewhat dislike debt by paying off the mortgage but in turn have loans against 401K, UL...
by soccerrules
Mon Sep 10, 2018 10:30 am
Forum: Personal Finance (Not Investing)
Topic: How much do bogleheads save in 529?
Replies: 79
Views: 5271

Re: How much do bogleheads save in 529?

I used the $300/mo that we were paying for 2-3 day preK for our oldest and started funding a 529 when he went to public school Kindergarten. I also used $100K from a windfall (about 8 years out from 1st child going to college) to fund 3 - 529's for our offspring weighted a little more for the oldes...
by soccerrules
Mon Sep 10, 2018 10:08 am
Forum: Personal Finance (Not Investing)
Topic: How much do bogleheads save in 529?
Replies: 79
Views: 5271

Re: How much do bogleheads save in 529?

I used the $300/mo that we were paying for 2-3 day preK for our oldest and started funding a 529 when he went to public school Kindergarten. I also used $100K from a windfall (about 8 years out from 1st child going to college) to fund 3 - 529's for our offspring weighted a little more for the oldest...
by soccerrules
Mon Sep 10, 2018 9:44 am
Forum: Personal Investments
Topic: DAF > Roth IRA? 12% tax bracket, no taxable
Replies: 46
Views: 4015

Re: DAF > Roth IRA? 12% tax bracket, no taxable

I did not say it was a horrible plan, just not optimal IMO. There are very few FREE rides anymore, and I see a Roth as about as close as it comes, especially if you keep the money in there for years. :D Thanks, soccerrules. I agree that the Roth is very good. I think I am discovering one of those "...
by soccerrules
Fri Sep 07, 2018 1:41 pm
Forum: Personal Investments
Topic: DAF > Roth IRA? 12% tax bracket, no taxable
Replies: 46
Views: 4015

Re: DAF > Roth IRA? 12% tax bracket, no taxable

I like other posters think a withdrawal from your Roth is not optimal and perhaps hurting you in the long run with the LOSS of tax free growth and tax free withdrawals. I would rethink this move. I'm sorry - but I'm not sure I lose tax free growth & withdrawals :happy My initial $12k transfer from ...
by soccerrules
Fri Sep 07, 2018 11:27 am
Forum: Personal Investments
Topic: DAF > Roth IRA? 12% tax bracket, no taxable
Replies: 46
Views: 4015

Re: DAF > Roth IRA? 12% tax bracket, no taxable

OP- I posted a similar thread yesterday as well. I am moving appreciated assets from my taxable account to avoid the LT cap gain tax and take advantage of the every other year "bunching". I have not taken the additional steps to look at the DAF costs and mechanics of contributions, yet. Looking at J...
by soccerrules
Fri Sep 07, 2018 10:25 am
Forum: Personal Finance (Not Investing)
Topic: House strategy approaching FI and maybe RE
Replies: 9
Views: 1294

Re: House strategy approaching FI and maybe RE

Congrats. Not the expert but you might consider CD or TIPS ladders to meet your 2-4 year time frame. I assume you have looked on Zillow and consider the housing market in Dallas. The market has been pretty hot over the last 1-2 years and may be cooling just a tad. If you are going to rent first (wi...
by soccerrules
Fri Sep 07, 2018 9:13 am
Forum: Personal Finance (Not Investing)
Topic: House strategy approaching FI and maybe RE
Replies: 9
Views: 1294

Re: House strategy approaching FI and maybe RE

Congrats. Not the expert but you might consider CD or TIPS ladders to meet your 2-4 year time frame. I assume you have looked on Zillow and consider the housing market in Dallas. The market has been pretty hot over the last 1-2 years and may be cooling just a tad. If you are going to rent first (wis...