Search found 37 matches

by BFive55
Wed Dec 16, 2020 12:43 pm
Forum: Personal Consumer Issues
Topic: Who's keeping Netflix now? (price increased to $13.99)
Replies: 200
Views: 14356

Re: Who's keeping Netflix now? (price increased to $13.99)

Nothing is free. Netflix has been burning through cash to bring content to people. Now, Netflix probably needs to stop just producing anything and everything and throwing it against the wall to see what sticks. But this is what entertainment media is. This is just like cable TV except with streaming...
by BFive55
Tue Feb 04, 2020 1:47 am
Forum: Personal Finance (Not Investing)
Topic: 22 year old - Should I focus more on saving for a house or retirement?
Replies: 41
Views: 3333

Re: 22 year old - Should I focus more on saving for a house or retirement?

So you can save $8,500/year. You're 22 years old. Your rent is not outrageous. Is it a single bedroom apartment and is it a decent apartment? Are you happy living there? I guess you would also need to look at the housing prices in Seattle, which are insane. While having a home would be awesome, you'...
by BFive55
Wed Jun 26, 2019 6:35 am
Forum: Investing - Theory, News & General
Topic: Why do 401k's limit investment options?
Replies: 30
Views: 2462

Re: Why do 401k's limit investment options?

Too many choices can make things difficult. At my work (gov) we have a 457 with about 20 different options. I was asked by one guy about them all and he was having difficulty choosing. I thought 20 wasn't that much. But there is a paralysis by too much choice. If you want a real world example look a...
by BFive55
Sat Jun 15, 2019 7:47 am
Forum: Personal Investments
Topic: Starbucks; buy, sell, hold?
Replies: 41
Views: 3730

Re: Starbucks; buy, sell, hold?

I think Starbucks coffee is overrated and as coffee becomes bigger, I think local roasters will become even more popular. Sort of like beer, with microbreweries in the last decade or so. I'm not sure about the stock. If you're torn, maybe sell half your holding - then you'll be right one way or the...
by BFive55
Tue Apr 30, 2019 9:56 pm
Forum: Personal Investments
Topic: Biggest Investment Mistake
Replies: 276
Views: 30639

Re: Biggest Investment Mistake

My grandma left us an inheritance and it was pretty good at $50,000. A 21 year old getting that (parents got.. a lot more) was a big deal. I kept it invested and opened a Roth a few years later. But I didn't know much about investing like index funds so Merrill Lynch took it and invested some. But m...
by BFive55
Wed Apr 24, 2019 4:25 pm
Forum: Personal Consumer Issues
Topic: Pros/Cons of Condo Living?
Replies: 83
Views: 12627

Re: Pros/Cons of Condo Living?

I recently moved from a townhome to an apartment and this is the first apartment I have ever lived in. It's an interesting experience. Part of it is nice in that there is no work to do on the exterior or lawn but at the same time it is louder. I don't know if I could buy a condo though and as much a...
by BFive55
Thu Apr 04, 2019 5:16 pm
Forum: Personal Investments
Topic: Defined Benefit Plans after leaving job - how to decide whether to leave in or withdraw?
Replies: 11
Views: 774

Re: Defined Benefit Plans after leaving job - how to decide whether to leave in or withdraw?

Hi all, I have a question on behalf of another. I am not as familiar myself with defined benefit plans and trying to help assess whether one should leave money in, or take it out, after leaving the job. I have read some threads here and elsewhere, but don't quite have the right lingo to understand/...
by BFive55
Sun Mar 17, 2019 9:07 am
Forum: Investing - Theory, News & General
Topic: Shifting retirement funds
Replies: 1
Views: 361

Shifting retirement funds

I'm a public employee switching jurisdictions from one state to another. I cannot buy back retirement time at the new place. That's not a big issue as they have a good retirement plan. So, the meat and potatoes of the post: My current place is a pension system, with contributions taken out pre-tax. ...
by BFive55
Sun Nov 04, 2018 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Teaching kids there is an ample amount of money
Replies: 108
Views: 9275

Re: Teaching kids there is an ample amount of money

I don't have children. But I know when parents have failed to teach their children about money. Especially when the parents are wealthy. Kid: "I'm wealthy." No, you're not. Your parents are wealthy, you are not. If a child says this to others, then whoever the parents are have failed to te...
by BFive55
Tue Apr 24, 2018 11:16 pm
Forum: Personal Investments
Topic: Vested in pension... leave it in or take it out?
Replies: 10
Views: 1480

Re: Vested in pension... leave it in or take it out?

The "tax rate" you are being quoted is the tax withholding rate and not the actual amount of tax that will be due when you file a return. If you receive a large taxable lump-sum the tax bite may be considerably more, a lot depends on your other income during the tax year. Based on your &q...
by BFive55
Tue Apr 24, 2018 10:51 pm
Forum: Personal Investments
Topic: Vested in pension... leave it in or take it out?
Replies: 10
Views: 1480

Vested in pension... leave it in or take it out?

So with life comes change and I've been contemplating a big move to a new employer. I work for a government agency and am vested in our retirement plan. The plan, between what I have contributed and what the government has contributed equals nearly $125,000. I spoke with our personnel office and the...
by BFive55
Fri Apr 20, 2018 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Effects of 20% Down payment over time, thoughts?
Replies: 19
Views: 3230

Re: Effects of 20% Down payment over time, thoughts?

I bought in the last few years. I was a little conflicted, as I had $50,000 to put down. I was conflicted because interest rates were low and I didn't plan on being in my residence for more than 5-7 years. Should I have put $15,000 and put $35,000 into index funds? I put $50,000 down. I don't regret...
by BFive55
Fri Apr 20, 2018 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Interesting vs higher paying job
Replies: 40
Views: 4480

Re: Interesting vs higher paying job

The last few years at my job has enabled me to do a lot financially. Before I started I was not in a good financial position. I've been able to pay off $15,000 in student loans. I saved enough for a 20% down payment on my residence. I then went from low savings to having about 120% of my salary save...
by BFive55
Tue Apr 10, 2018 1:40 pm
Forum: Personal Investments
Topic: Too many funds in retirement accounts
Replies: 12
Views: 1689

Re: Too many funds in retirement accounts

Thanks for the update. It seems like there are some moves you can make now. Being shocked by the 37 funds suggests they would be amenable to some simplification here. You could slowly help them move towards a 3-fund or fund-of-fund portfolio. For example, Roth is only 2.7% of portfolio. You could s...
by BFive55
Tue Apr 10, 2018 1:00 pm
Forum: Personal Investments
Topic: Too many funds in retirement accounts
Replies: 12
Views: 1689

Re: Too many funds in retirement accounts

If you have to advise the financial adviser, what are they there for? Exactly! I just set my Vanguard account to automatically withdraw money from my checking each month, and when I get bonuses I throw that money into my account into the same funds I already own. I think it would best for your rela...
by BFive55
Tue Apr 10, 2018 11:13 am
Forum: Personal Investments
Topic: Too many funds in retirement accounts
Replies: 12
Views: 1689

Re: Too many funds in retirement accounts

I think with the tax bracket and most of the gains are long term capital gains, so selling would be 15%. Would it make sense to put the bonds that are in the tIRA and Roth into the US Total Bond Market fund or an Intermediate Bond Fund (VBILX/VFICX or VBTLX)? And then move the equity funds into the ...
by BFive55
Mon Apr 09, 2018 7:13 pm
Forum: Personal Investments
Topic: Too many funds in retirement accounts
Replies: 12
Views: 1689

Too many funds in retirement accounts

So, in a relatively medium COLA of Hampton Roads, VA. This is for a family member who wants to consolidate and simplify but isn't too sure and has been going back and forth. Just need to make a convincing argument I think. The BIG thing here is SIMPLICITY because as you'll see, this is a mess... but...
by BFive55
Sat Apr 07, 2018 1:23 pm
Forum: Personal Investments
Topic: A consolidation question
Replies: 3
Views: 342

Re: A consolidation question

You didn't tell us enough information to answer your questions. 1. What kind of accounts are her investments held in? Roth IRA? Traditional IRA? Annuities? Taxable account? Something else? 2. If one is reduce the number of investments, then one will have to sell some of them. If she sells in a taxa...
by BFive55
Sat Apr 07, 2018 6:23 am
Forum: Personal Investments
Topic: A consolidation question
Replies: 3
Views: 342

A consolidation question

Hi all, My mother is consolidating some of her investments. She has like 15 or 20 with Merrill Lynch and I've been trying to get her to consolidate. I had a few questions: If she consolidates, that requires selling (? I've never consolidated, I've always just been in 3 funds with Vanguard), so will ...
by BFive55
Fri Mar 30, 2018 3:10 pm
Forum: Personal Investments
Topic: Percentage to Retirement
Replies: 13
Views: 2700

Re: Percentage to Retirement

So - automatically contribute 7.5% to Virginia Retirement System (Tier 1) Is that instead of Social Security? If so then I would not count it all and probably increase your other contributions. Virginia Retirement System is in addition to Social Security. I'm in the same boat, which is nice. I have...
by BFive55
Tue Jun 06, 2017 9:06 pm
Forum: Personal Investments
Topic: Invest with ICMA or not... fees/taxes question
Replies: 4
Views: 1933

Invest with ICMA or not... fees/taxes question

As a public employee we have access to a 457 via ICMA. There is a index fund similar to the VSTAX. My income fluctuate because of overtime (yay government work!) but I assume a salary of about $69,000 -after- my mandatory pension contributions are taken out. I try to invest $600 a month into my Vang...
by BFive55
Mon Apr 17, 2017 11:54 am
Forum: Personal Finance (Not Investing)
Topic: 'True' Cost Of A More Expensive House
Replies: 22
Views: 5160

Re: 'True' Cost Of A More Expensive House

I bought my place in a working class neighborhood. It's nice. It has apartments, townhomes, and single family homes. If you go further back into the neighborhood the houses actually get really, really nice. I was doing some landscaping the other day and the neighbor said now he has to do some becaus...
by BFive55
Mon Apr 17, 2017 11:40 am
Forum: Personal Consumer Issues
Topic: You can never go "home" - retirement
Replies: 85
Views: 16223

Re: You can never go "home" - retirement

"Home" isn't some place I haven't been in years. Maybe that's growing up in a military family, but I never understood the fascination or how people refer to some place they don't live as "home." Home is where I have my family, where I throw up my feet at night, and where I work. ...
by BFive55
Sun Mar 05, 2017 12:00 pm
Forum: Personal Investments
Topic: Ever dip your feet into individual stocks?
Replies: 63
Views: 5831

Re: Ever dip your feet into individual stocks?

I used to own Microsoft. It was a gift to me. It went up super high then down and just lagged for a bit before I sold it. My mom... she bought Apple and Starbucks. She bought Apple when it was $30 a share and Starbucks when it was cheap. She's held onto them for about 6-8 years. On Apple alone she's...
by BFive55
Sun Mar 05, 2017 11:55 am
Forum: Personal Finance (Not Investing)
Topic: The Joys Of Tax Season! :(
Replies: 55
Views: 6025

Re: The Joys Of Tax Season! :(

I screwed up on my taxes from last year and got hit from the automatic undereporting division or whatever it is called. When the tax bill came I almost had a heart attack. I walked away after looking at it for about an hour. Went out to the gym. Came back and looked at it and was relieved that my th...
by BFive55
Wed Mar 01, 2017 8:09 am
Forum: Personal Finance (Not Investing)
Topic: New YouTube TV Service $35 per month
Replies: 43
Views: 6572

Re: New YouTube TV Service $35 per month

I hate cord cutters. How do you think the networks pay for the shows they make? By charging the cable companies a fee to carry their channels. This is literally a "cut off your nose to spite your face" situation. A la cart doesn't work either. You may not watch channel XYZ but I do. Just l...
by BFive55
Tue Feb 28, 2017 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Fees at Vanguard for non-Vanguard funds
Replies: 2
Views: 867

Fees at Vanguard for non-Vanguard funds

Hi, sorry for this topic. I checked Vanguard's website and was a little confused. I posted earlier about my mom's finances. She and I are going to get all her mutual funds, IRAs, etc. transferred over to Vanguard due to the high costs associated with Merrill Lynch and their management costs. What is...
by BFive55
Tue Feb 28, 2017 11:10 am
Forum: Personal Investments
Topic: the tax pain of rebalancing
Replies: 2
Views: 475

Re: the tax pain of rebalancing

I hear you. I just experienced this yesterday. I'm a relatively new investor but when a relative died I had a small inheritance. It was invested into a taxable account which I sold to help pay for my house (the investments were doing absolutely terrible and somehow were flat despite the bull market ...
by BFive55
Tue Feb 28, 2017 12:06 am
Forum: Personal Investments
Topic: Picking funds (aggressive)
Replies: 10
Views: 2094

Re: Picking funds (aggressive)

So I finally made my decision on everything. I invested in the following: 10% VBIIX (Intermediate Term Bond) 20% VSIAX (Small Cap Value) 70% VTSAX (Total Stock Market) It took me some time to finally come to a decision. I was starting to definitely suffer the "analysis paralysis" syndrome....
by BFive55
Sat Feb 25, 2017 7:18 am
Forum: Personal Investments
Topic: Please evaluate our situation
Replies: 47
Views: 4377

Re: Please evaluate our situation

When does your wife plan on retiring and how much more would she need to work to get a pension?
by BFive55
Fri Feb 24, 2017 12:17 pm
Forum: Personal Investments
Topic: VBILX vs VBTLX [Vanguard Intermediate-Term vs. Total Bond]
Replies: 49
Views: 17706

Re: VBILX vs VBTLX [Vanguard Intermediate-Term vs. Total Bond]

I've decided to put approximately 10% or a little more (I like rounding my investment money up, a bit weird I know) and I can't decide between these two. It would go into a Roth. I like the advise early on about not looking at a bond fund for returns... and invest in more index funds for greater ret...
by BFive55
Fri Feb 24, 2017 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing a new house -- Are we being stupid to consider it?
Replies: 35
Views: 5700

Re: Purchasing a new house -- Are we being stupid to consider it?

- The benefit of moving now versus in a couple of years is that the kids could stay in the same home for years to come and won't have to deal with switching schools. I guess I'm trying to give them the same upbringing that I had (parents are in the same house 40 years later), which I know can be a ...
by BFive55
Wed Feb 22, 2017 5:47 am
Forum: Personal Investments
Topic: Mother's finances... lots of stuff spread all over
Replies: 10
Views: 1837

Re: Mother's finances... lots of stuff spread all over

So this is a list of questions I developed: General Questions: 1. What is the expense ratio for my portfolio? 2. How much was I charged in fees for 2016? 3. How much was I charged in management fees for 2016? 4. What is the management fee percentage? Can it be decreased? Portfolio Questions: TAXABLE...
by BFive55
Sun Feb 19, 2017 11:59 am
Forum: Personal Investments
Topic: Mother's finances... lots of stuff spread all over
Replies: 10
Views: 1837

Re: Mother's finances... lots of stuff spread all over

Thank you for the advice all. I think that yes, the biggest thing is figuring out what the capital gains would be and any taxes associated with that. This is what I was thinking to start: 1. Transfer ALL the IRAs to Vanguard and close the two tIRAs with $6,500 sitting in them and make contributions ...
by BFive55
Sun Feb 19, 2017 12:16 am
Forum: Personal Investments
Topic: Mother's finances... lots of stuff spread all over
Replies: 10
Views: 1837

Mother's finances... lots of stuff spread all over

So, I was visiting my mother. She received a large inheritance from her mother about a decade ago. She has not actively kept up with her portfolio. She has put it in Merrill Lynch accounts (Bank of America customer)- actively managed- and doesn't pay attention to them. In a word... it seems like a m...
by BFive55
Tue Jan 31, 2017 3:10 am
Forum: Personal Investments
Topic: Picking funds (aggressive)
Replies: 10
Views: 2094

Re: Picking funds (aggressive)

I know the Boglehead MO is to diversify into bonds. At my age would it make sense to try something more aggressive? I've been doing more research and it looks like the VTSAX would probably be a wiser investment, with a percentage allocated into small value stocks. I do have a question concerning adm...
by BFive55
Sun Jan 22, 2017 8:53 pm
Forum: Personal Investments
Topic: Picking funds (aggressive)
Replies: 10
Views: 2094

Picking funds (aggressive)

Hello! I'm trying to figure out a decent allocation based on an aggressive investment strategy. I'm looking at low fees (leaning towards passive management). I've had a good amount of money sitting in my savings account. I've just been so wary of where to invest it. I take a lot of time to look at t...