Search found 435 matches

by John Laurens
Mon Jun 21, 2021 4:54 pm
Forum: Personal Investments
Topic: Risk Parity
Replies: 5
Views: 1090

Re: Risk Parity

I’ve listened to the podcast. You will find better and more knowledgeable content elsewhere.

Best Regards
by John Laurens
Wed Nov 06, 2019 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage to prepay or not prepay
Replies: 83
Views: 8564

Re: Mortgage to prepay or not prepay

I was just wondering where individuals thought the collective Boglehead group was on the subject.

I know the majority of investing subjects there is a general consensus on broad principles.

My thinking is it’s probably 60% prioritize taxable investing over prepay mortgage. I figured others had a better sense than me.

Regards,
John
by John Laurens
Wed Nov 06, 2019 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage to prepay or not prepay
Replies: 83
Views: 8564

Mortgage to prepay or not prepay

Where would you say the consensus is for Bogleheads who have maxed all tax advantaged accounts with 2019 tax laws for prepaying mortgage over taxable investing? Is it 50:50? 60:40 in one direction or another, etc? If there were a poll, what would you guess the results?

Regards,
John
by John Laurens
Wed Sep 11, 2019 3:19 pm
Forum: Personal Investments
Topic: How to handle 529 with full scholarship
Replies: 13
Views: 1987

Re: How to handle 529 with full scholarship

Thank you for all the suggestions. These definitely give us something to work with.

Regards,
John
by John Laurens
Wed Sep 11, 2019 9:51 am
Forum: Personal Investments
Topic: How to handle 529 with full scholarship
Replies: 13
Views: 1987

Re: How to handle 529 with full scholarship

greg24 wrote: Wed Sep 11, 2019 9:18 am Huge congrats on West Point!
Thank you very much. Today hits home that I’m giving my kid over to a cause greater than myself. The gravity of my son, who’s the most mature 17 y/o one minute and still a knucklehead the next minute, taking a life long oath is starting to sink in.

Regards,
John
by John Laurens
Wed Sep 11, 2019 9:46 am
Forum: Personal Investments
Topic: How to handle 529 with full scholarship
Replies: 13
Views: 1987

Re: How to handle 529 with full scholarship

are the amounts reserved for the his siblings enuf to cover their college expense for four years? If not, then another option is that you could rename his 529 to a brother/sister and just give the West Pointer the equivalent cash in kind (assuming that you have the $). Grad school is a possibility for him, but if he enjoys Army, might as well have them pay for Grad school, too. And 'Grats. Thank him for serving. You are allowed to withdrawal the money in the event of a scholarship. West Point however may not equate to a scholarship... Yes, the academies count as a scholarship. But, taxes are still due on the earnings -- not the principal which was already paid with after-tax dollars. https://www.savingforcollege.com/article/the-truth-about...
by John Laurens
Wed Sep 11, 2019 9:01 am
Forum: Personal Investments
Topic: How to handle 529 with full scholarship
Replies: 13
Views: 1987

How to handle 529 with full scholarship

Hello, Thank you in advance for your wisdom. I have 3 teenagers that we have funded 529s through the years. My oldest, a senior, has received a letter of assurance, to USMA at West Point. This is his dream come true since he was in junior high. Assuming he receives an appointment, he will accept. We have told our boys that whatever 529 assets are theirs in the hopes that they would make value based decisions in determining where they went to college. There is currently a little over 100k in his 529. What is your advice on how to eventually make sure he receives the value of the 529 in a tax efficient manner. I suppose the best way would to hold on to the 529 for his possible graduate education or his future children. Any advice would be app...
by John Laurens
Wed Aug 21, 2019 9:31 pm
Forum: Personal Investments
Topic: $1M cash: how to invest
Replies: 40
Views: 4842

Re: $1M cash: how to invest

Statistically you are better off lump sum investing it. It will be easier to TLH your lots as well. Assuming you want to maintain your FA recommendation of 70/30, do you have room in your tax advantaged accounts to buy bonds there for tax efficiency sake? I’m sorry for your loss, but the decedent obviously wanted to leave a legacy. That is admirable.

Regards,
John
by John Laurens
Mon Jul 15, 2019 1:34 pm
Forum: Personal Consumer Issues
Topic: I think i can spend 30k on this vacation, but wife not sure
Replies: 77
Views: 9887

Re: I think i can spend 30k on this vacation, but wife not sure

Yes. Enjoy your trip! I would be more worried about having such a significant portion of your net worth in Municipal bonds.

Regards,
John
by John Laurens
Sat Apr 20, 2019 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Where do you keep your emergency fund?
Replies: 99
Views: 15482

Re: Where do you keep your emergency fund?

I have my checking, emergency fund, quarterly tax fund, big purchase fund in FZDXX at Fidelity.

Regards,
John
by John Laurens
Wed Apr 10, 2019 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Planning for Mother in Law
Replies: 41
Views: 2821

Re: Estate Planning for Mother in Law

... If a 10 year SPIA was issued for all four or a 10 year trust payout occurred, what are the tax implications? Pondering it a bit more, here's my thinking. For an SPIA paid for out of taxable funds, the payout is mostly return of capital and a small amount is earnings. The capital has already been taxed but the earnings are taxed as interest income. So for the SPIA scenario where payouts are $113,400 per year, taxes would be due on $13,400. Divided four ways, that is $3,350 in taxable income per year. For the trust scenario, the trust pays income tax on earnings every year (up to 37%). The payouts to the beneficiary would not be subject to further income tax. That's my lay-person understanding and it certainly can be wrong. Verify the af...
by John Laurens
Wed Apr 10, 2019 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Planning for Mother in Law
Replies: 41
Views: 2821

Re: Estate Planning for Mother in Law

Sorry about that. I have only made a couple of new topic posts.

Regards,
John
by John Laurens
Wed Apr 10, 2019 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Planning for Mother in Law
Replies: 41
Views: 2821

Re: Estate Planning for Mother in Law

I was curious about how an SPIA payout compared to a trust so I did some quick calcs in Excel. Assuming a 10-year time frame for both and a modest return on the trust holdings, it looks like they come out about even. A 10-year certain SPIA has a payout of 11.34% as quoted for a 54-year old male. I don't think acturarial considerations come into play on a 10-year SPIA. On assets of $1M that comes out to $1,134,000. A trust holding assets yielding 3.5% nominal would have payouts starting at $100,000 the first year and growing over time to $120,000 the 10th year. Total payout would be $1,092,278. Administrative fees and taxes would eat up around $97,000. The trust payout method matches the SPIA payout when the after-fee return exceeds 4.2%. E...
by John Laurens
Wed Apr 10, 2019 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Planning for Mother in Law
Replies: 41
Views: 2821

Re: Estate Planning for Mother in Law

I have suggested that she should see an attorney to draft a revocable trust and express those wishes. I have suggested that she make my wife the trustee so I/we can continue managing the investments at Vanguard. You should know that taxes on a trust can be brutal. The longer the trust lasts, the more of it will be lost to taxes. On the other hand, the beneficiaries won't be responsible for the taxes as long as the trust pays them. She wants the money to be given over a period not less than 10 years and for each child to be treated the same. I’m thinking a 10% distribution or 100k whichever is greater split 4 ways each year. She meets with an attorney in May. I don't see any problem with your wife being trustee if the trust spells out the d...
by John Laurens
Wed Apr 10, 2019 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Planning for Mother in Law
Replies: 41
Views: 2821

Re: Estate Planning for Mother in Law

I don't have an expertise to offer, but kudos to your MIL. Obviously she is a smart cookie to identify the problems, and strong enough to do something about it. :beer In truth, the two who have money management issues can easily put 25 or 50k on credit cards knowing they they'll be getting the lump sum at a given time each year. Nonetheless, worth a try especially if if can be structured to protect the money in the case of divorce. he substance abuser: they should be cut out or the funds tied to clean drug tests (or something). I would give it all to charity before I'd gift anyone, let alone my child, the funds to go off and OD. Yes these are the issues I’m trying to help her navigate. I have explained that the one sibling can/will just bo...
by John Laurens
Wed Apr 10, 2019 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Planning for Mother in Law
Replies: 41
Views: 2821

Re: Estate Planning for Mother in Law

For a period of less than ten years, my opinion is that the funds for estate distribution should be invested very conservatively - perhaps only in short term high quality bonds or bond funds or in CDs. As the spouse of the Executor (or equivalent) - I would advise against managing the funds. Sounds like one (or more) of the siblings who will be inheriting may not be happy with how and when funds are disbursed. I would not do anything to give them more ammunition to challenge how the "estate" is handled. Is there a reason there funds can not be divided into 4 portions and each recipient allowed to manage the investment of their own funds? The first year 1/10 is distributed, the second 1/9, etc. Some of the recipients may be more s...
by John Laurens
Wed Apr 10, 2019 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Estate Planning for Mother in Law
Replies: 41
Views: 2821

Re: Estate Planning for Mother in Law

Dale_G wrote: Wed Apr 10, 2019 11:22 am Note: The OP stated that all beneficiaries would receive the payout over 10 years.

It sounds like a good plan John. I would lean to a LifeStrategy fund of your choice.

Dale
That is correct. I have advised her to treat all children the same in terms of receiving funds.

Regards
John
by John Laurens
Wed Apr 10, 2019 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Estate Planning for Mother in Law
Replies: 41
Views: 2821

Re: Estate Planning for Mother in Law

ohai wrote: Wed Apr 10, 2019 10:44 am I'm pretty sure Vanguard itself offers trustee services. It's probably worth checking their rates. If you end up paying like $10k out of that $1.1 million, so what.
Just so I understand, Vanguard can provide trustee services without managing the investments?

Regards,
John
by John Laurens
Wed Apr 10, 2019 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Estate Planning for Mother in Law
Replies: 41
Views: 2821

Re: Estate Planning for Mother in Law

jebmke wrote: Wed Apr 10, 2019 10:29 am If it were me, I'd find an independent trustee. It doesn't seem like there is upside and only downside with respect to family relationships if something were to go wrong - either in reality or perceived.
That is definitely a valid point to consider. I would assume a third party trustee would charge an AUM to manage? It’s anathema to me pay for management, but I would be ok with it if this is the prevailing opinion.

Regards,
John
by John Laurens
Wed Apr 10, 2019 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Estate Planning for Mother in Law
Replies: 41
Views: 2821

Estate Planning for Mother in Law

Hi Bogleheads, I need some estate planning advice for my mother in law. My MIL is single 74 y/o has a home worth 200k and investments of 1.1 million between a taxable account (majority of the funds), rollover IRA, and a Roth IRA. I have managed her investments over the last 12 years or so. This has not been a problem from a family relationship standpoint. She has a 50/50 allocation at Vanguard. Currently she has a will in place, with my wife the youngest of four children, as the executor. As it stands now, all 4 children ages 57-43 will receive the estate in equal share. She has now expressed that she does not want a couple of the children to receive the inheritance all at once due to financial responsibility issues and marital issues with ...
by John Laurens
Fri Apr 05, 2019 9:12 pm
Forum: Personal Investments
Topic: Strategy in SEP IRA
Replies: 6
Views: 710

Re: Strategy in SEP IRA

cyin1 wrote: Fri Apr 05, 2019 9:00 pm I appreciate your advice! Indeed, "Fidelity Freedom® Index 2030 Investor" is great choice.

You also suggest adding "Fidelity® US Bond Index Premium." Would you mind to explain the reasons to add the bond fund? And what the allocation should be for the 45k?

Lastly, what does "Fido Target Retirement Fund" stand for? Thank you.
Fido is an abbreviation for Fidelity. The poster didn’t give the retirement year because he was suggesting you may want a higher/lower equity/bond allocation than the retirement year you plan on actually retiring.

Regards,
John
by John Laurens
Tue Apr 02, 2019 9:35 am
Forum: Investing - Theory, News & General
Topic: Are annuities the best way to fund one's retirement?
Replies: 190
Views: 13644

Re: Are annuities the best way to fund one's retirement?

There is no free lunch. One can not transfer risk without accepting lower returns. Total return is what matters. If you are susceptible to behavioral mistakes then a SPIA is reasonable.

Regards,
John
by John Laurens
Fri Mar 29, 2019 12:51 pm
Forum: Personal Investments
Topic: Mortgage as negative bond = YIKES! Should I panic?
Replies: 42
Views: 5237

Re: Mortgage as negative bond = YIKES! Should I panic?

Not necessarily. When you retire in 5 years, will you receive a pension or be able to add significantly to your retirement accounts? The reason your "negative bond" numbers look that way is your home seems to be a very significant portion of your net worth.

Regards,
John
by John Laurens
Sat Mar 23, 2019 2:02 pm
Forum: Personal Investments
Topic: At which point do you sell index funds/stocks and take a profit?
Replies: 22
Views: 2429

Re: At which point do you sell index funds/stocks and take a profit?

sport wrote: Sat Mar 23, 2019 1:56 pm
Jesteroftheswamp wrote: Sat Mar 23, 2019 1:50 pm I’m not about market timing
Jesteroftheswamp wrote: Sat Mar 23, 2019 1:50 pm what circumstances would create a favorable opportunity to sell?
These two statements seem to be contradictory. IMO, there are two times to sell.
1. When you need the money.
2. When you need to rebalance.
+1
by John Laurens
Thu Mar 21, 2019 10:07 am
Forum: Personal Finance (Not Investing)
Topic: 60 YOs ask a BH for advice - 200K+ student loan debt, and more...
Replies: 66
Views: 5471

Re: 60 YOs ask a BH for advice - 200K+ student loan debt, and more...

Goodness. This is why student loans need to be privatized. But to make my advice actionable, Stop going to school immediately.

Regards,
John
by John Laurens
Sun Mar 10, 2019 7:29 pm
Forum: Personal Investments
Topic: Investing large sum, wait or buy?
Replies: 14
Views: 1716

Re: Investing large sum, wait or buy?

If there is decline from current prices, you should invest at the nadir. If today’s prices are the lowest they will ever be going forward, you should invest all of it now. If you will admit to yourself that you don’t know what prices will do in the short term and neither does anyone else, you should study historical, empirical, and behavioral finance to come to a conclusion.

Regards,
John
by John Laurens
Thu Mar 07, 2019 10:18 am
Forum: Personal Investments
Topic: Most NON obvious thing for new investors
Replies: 58
Views: 9061

Re: Most NON obvious thing for new investors

The thing I see over and over here on Bogleheads for new/ young investors...they are more concerned with the value of their accounts now rather than where they want to be 30-40 years from now.

Regards,
John
by John Laurens
Tue Mar 05, 2019 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford a more expensive home? And is it wise?
Replies: 35
Views: 3116

Re: Can we afford a more expensive home? And is it wise?

A lot depends on the salary breakdown between your wife and you. Buying this house locks her into working outside the home. Having a child changes priorities. This house severely limits your options. Women can have health problems during and after pregnancy that could force her out of workforce. Children can be born with or acquire health problems. Many unknown variables can cause this house to own you rather than you own the house.

I would at a minimum wait until your first child is born and until you can afford the house on your salary alone.

Regards,
John
by John Laurens
Sun Mar 03, 2019 2:31 pm
Forum: Personal Investments
Topic: Starting over at 28 and need a plan going forward
Replies: 23
Views: 3447

Re: Starting over at 28 and need a plan going forward

I don’t see how anyone can be “too debt averse”. I’m debt free best thing I’ve ever done. It allows me to take other risks in my business.

Your net worth at age 28 probably puts you in the the top 1% of 28 year olds. Most have a negative net worth. Stay a Boglehead and you won’t believe where you will be in 10 years.

Regards,
John
by John Laurens
Sat Mar 02, 2019 6:39 pm
Forum: Personal Investments
Topic: Lots of cash .. Scared to put it to work now
Replies: 207
Views: 21621

Re: Lots of cash .. Scared to put it to work now

All of the high cash allocation market timing questions we get, the OP is always more concerned about their present net worth and not where they want to be at some point in the future. I think this natural but not helpful. First, define your goals. It may be that 100% cash will meet your goals. I wouldn’t invest anything in equities until you understand the risks and benefits of capital markets and especially your behavioral response to those risks. Regards, John I think the other posters who talked about psychological barriers pretty much nailed it. I would add philosophical ones as well. I haven't been looking at the forum that long but even I have a decent grasp on the underlying philosophy espoused here. I guess anyone can post if they...
by John Laurens
Sat Mar 02, 2019 6:19 pm
Forum: Personal Investments
Topic: Lots of cash .. Scared to put it to work now
Replies: 207
Views: 21621

Re: Lots of cash .. Scared to put it to work now

All of the high cash allocation market timing questions we get, the OP is always more concerned about their present net worth and not where they want to be at some point in the future. I think this natural but not helpful.

First, define your goals. It may be that 100% cash will meet your goals. I wouldn’t invest anything in equities until you understand the risks and benefits of capital markets and especially your behavioral response to those risks.

Regards,
John
by John Laurens
Mon Feb 25, 2019 8:58 pm
Forum: Personal Investments
Topic: Need help grading my "Fee Only" provider
Replies: 59
Views: 5755

Re: Need help grading my "Fee Only" provider

I grade him as an A+ for constructing such a complex portfolio that would make the average person never believe they could manage their own portfolio, making it prohibitively difficult to unwind this monstrosity, making it difficult to compare your returns to benchmarks, and most importantly leading you to believe that he is a fee only FA when he is an AUM fee based advisor. He did the job he was trained to do very well for his gain and at your expense. No need to meet with him. I would politely email him that you want to decrease your all in fees below 10 basis points

Regards,
John
by John Laurens
Mon Feb 25, 2019 6:46 pm
Forum: Investing - Theory, News & General
Topic: "Warren Buffett says if you invested $10,000 in the S&P 500 in 1942, you'd have $51 million today"
Replies: 110
Views: 9912

Re: "Warren Buffett says if you invested $10,000 in the S&P 500 in 1942, you'd have $51 million today"

For all those posting “that’s 154k in today’s dollars”, it seems every other day someone is posting “I have 100k+ sitting in cash. Should I wait for the inevitable market crash”.

Regards,
John
by John Laurens
Sat Feb 23, 2019 6:47 pm
Forum: Personal Investments
Topic: bitcoin guy wants to stock market
Replies: 234
Views: 16487

Re: bitcoin guy wants to stock market

Bizarre that your living expenses are $450 dollars per month and you want to get them lower yet you are considering paying much more than that per month for an advisor. fair point. i'm not willing to pay alot for an adviser. i was considering those guys for 1 to 1.5%, but they aren't gonna get my money. i was just considering them cause i have to probe all options. vanguard for 0.3% or the robos for 0.25% still seems reasonable so i have not ruled them out yet. i also find it equally bizarre you guys are so hard about manager fee's and obsess about 0.0X% expense ratios but are willing to throw money away on insurance. Saving the 25 basis points of a Robo Advisor on a million dollar portfolio increases your standard of living by 30% based o...
by John Laurens
Sat Feb 23, 2019 6:11 pm
Forum: Personal Investments
Topic: bitcoin guy wants to stock market
Replies: 234
Views: 16487

Re: bitcoin guy wants to stock market

Bizarre that your living expenses are $450 dollars per month and you want to get them lower yet you are considering paying much more than that per month for an advisor.

Not having health insurance with your assets is crazy.

Regards,
John
by John Laurens
Sun Feb 17, 2019 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Easiest Way to Give $100k Cash to Non-Family Member
Replies: 62
Views: 6378

Re: Easiest Way to Give $100k Cash to Non-Family Member

sergeant wrote: Sun Feb 17, 2019 4:00 pm
baxterboy12 wrote: Sun Feb 17, 2019 3:08 pm The recipients would know about the gift, however, we prefer to keep it confidential from other parties. So I should have said confidential, not anonymous.
Having just read another thread on senior citizens getting ripped off the confidentiality here has me bothered.

Very generous of the OP. I find it odd that the friends would even accept such a gift.

Regards,
John
by John Laurens
Wed Feb 13, 2019 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan Repayment Puzzle
Replies: 22
Views: 1798

Re: Student Loan Repayment Puzzle

If he is going to pay a “set monthly amount”, he should pay the highest interest rate first. There have been studies that state paying off the lowest balance debt first results in a positive behavioral benefit that results in getting out of debt faster. He may even decide that after paying off the lowest debt balance first to pay way more than “one thousand per month” lowering his overall interest he pays.

Regards,
John
by John Laurens
Wed Feb 13, 2019 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a 2019 RAV4 hybrid - how to pay for it?
Replies: 76
Views: 5962

Re: Buying a 2019 RAV4 hybrid - how to pay for it?

Putting that many miles on a vehicle, I wouldn’t buy a new car. I also wouldn’t buy a car unless I paid cash.

Regards,
John
by John Laurens
Tue Feb 12, 2019 3:26 pm
Forum: Personal Investments
Topic: Best Money Market in Fidelity Roth IRA? SPRXX/ SHV/SHY/SUB
Replies: 9
Views: 1641

Re: Best Money Market in Fidelity Roth IRA? SPRXX/ SHV/SHY/SUB

I find it odd that you want to hold cash in your Roth IRA? Prevailing wisdom is to hold your highest growth investments in this space. I can’t determine if you are trying to market time or have some other rationale?

Edit: sorry, looked back at a one of your posts regarding your 2019 IPS. Yes, you are a market timer. I would just use the fidelity cash sweep for your purposes. On 15k you are only talking a couple dollars difference. Not really worth worrying over.


Regards,
John
by John Laurens
Mon Feb 11, 2019 11:09 pm
Forum: Personal Investments
Topic: Roth Advantage not discussed?
Replies: 26
Views: 2404

Re: Roth Advantage not discussed?

I don’t know? What did the person do with the upfront tax savings from the pre-tax 401k contribution? Did they fund their HSA, Backdoor Roth, taxable investment account, 529, prepay their mortgage, or pay off other debts? Or did they just blow it on a boat payment?

Regards,
John
by John Laurens
Sat Feb 09, 2019 7:24 am
Forum: Personal Investments
Topic: How To Invest Now and Best Limit Risk of Big Recession Loss
Replies: 19
Views: 2979

Re: How To Invest Now and Best Limit Risk of Big Recession Loss

Before we can help, how is your situation different than someone who has invested a couple thousand a month over a long period of time and now has 1MM+ invested? Would they not experience the exact same “loss” during a recession as you? You have a financial behavioral problem to work out.

I would consider using the 1MM+ to become completely debt free if you are not already. Keep six months of cash in your “monkey market” and invest the rest in a 3 fund portfolio in an allocation that matches your need, ability, and willingness to accept risk.

Regards,
John
by John Laurens
Thu Feb 07, 2019 1:49 pm
Forum: Personal Investments
Topic: Is the VPAS Service worth the 0.30%?
Replies: 32
Views: 3313

Re: Is the VPAS Service worth the 0.30%?

I’m assuming that you thought Ameriprise fees and purchasing individual stocks were worth it as one point or another? If so, you will be tickled pink with PAS.

Once you develop an IPS and feel confident you won’t make behavioral mistakes you can cancel PAS.

Regards,
John
by John Laurens
Thu Feb 07, 2019 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Private school tuition on $200k hhi
Replies: 55
Views: 3967

Re: Private school tuition on $200k hhi

The strongest positive correlation between a student and test scores is the education level of their mother. You are behind on retirement savings for age 48. Based on your income, a 48 year old should already be a millionaire. I would do public school.

Regards,
John
by John Laurens
Mon Feb 04, 2019 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you need to live on 200k/ year forever?
Replies: 90
Views: 14111

Re: How much do you need to live on 200k/ year forever?

You are all out of touch with reality. I asked Dave Ramsey. To generate 200k indefinitely, you need about 500k in good growth stock mutual funds and a thousand dollar beater car to deliver pizzas 9 nights a week.

Regards,
John
by John Laurens
Fri Feb 01, 2019 6:15 pm
Forum: Personal Investments
Topic: HSA to Fidelity, now where to park the funds?
Replies: 19
Views: 3634

Re: HSA to Fidelity, now where to park the funds?

I would consider 100% bonds within your HSA, but maintain your 50/50 allocation across all accounts.

Regards,
John
by John Laurens
Thu Jan 31, 2019 8:31 am
Forum: Personal Investments
Topic: Fidelity solo 401k question
Replies: 15
Views: 1232

Re: Fidelity solo 401k question

I contribute monthly to my fidelity solo 401K. It’s 12 stamps and 6 minutes per year of time.

Regards,
John
by John Laurens
Thu Jan 31, 2019 8:20 am
Forum: Personal Investments
Topic: Got suckered into universal life insurance
Replies: 27
Views: 3585

Re: Got suckered into universal life insurance

You do not need life insurance of any kind besides the free work LI.

Regards,
John
by John Laurens
Wed Jan 30, 2019 2:46 pm
Forum: Personal Investments
Topic: Eligible for 401K at work, Roth or Pre-tax?
Replies: 33
Views: 2004

Re: Eligible for 401K at work, Roth or Pre-tax?

As a side note to the OP. In your post, you stated that you had an “array” of mutual funds in your Roth with a balance of $20k. I would simplify that down to one mutual fund.

Regards,
John
by John Laurens
Tue Jan 29, 2019 2:35 pm
Forum: Personal Investments
Topic: Should I pay off my mortgage?
Replies: 37
Views: 3794

Re: Should I pay off my mortgage?

If she has “heard she can make more money in the stock market”, she should pay off the mortgage immediately.

She’s not prepared for a potentially 40% drop in equities. She will most likely make a huge behavioral mistake with this money.

Regards,
John
by John Laurens
Wed Jan 16, 2019 5:01 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 82087

Re: John Bogle is dead at 89

John Bogle is and always will be a Vanguard for the individual investor. May he find rest and his family peace. May our community continue to spread his ideas to many generations.

Regards,
John