Search found 163 matches

by Malinois000
Sun Jul 19, 2020 10:08 am
Forum: Personal Investments
Topic: Roth Eligibility Question
Replies: 6
Views: 376

Re: Roth Eligibility Question

Depends on her income: https://www.irs.gov/retirement-plans/plan-participant-employee/amount-of-roth-ira-contributions-that-you-can-make-for-2020 If she doesn't qualify or is in the phaseout range, she can do the backdoor: https://www.bogleheads.org/wiki/Backdoor_Roth Thank you. Her income exceeds ...
by Malinois000
Sun Jul 19, 2020 10:03 am
Forum: Personal Investments
Topic: Roth Eligibility Question
Replies: 6
Views: 376

Re: Roth Eligibility Question

Not a direct reply to your question, but please advise your daughter to never close her TSP account. TSP has one of those rare unicorn benefits: ability to rollover pre-tax assets into the plan, even if you are no longer employed at the employer that offered the plan (Fed Gov). There are only two o...
by Malinois000
Sun Jul 19, 2020 9:19 am
Forum: Personal Investments
Topic: Roth Eligibility Question
Replies: 6
Views: 376

Roth Eligibility Question

I need some help. I assist my 29 year old daughter with her investments. She is a well paid lawyer and has a 1) Schwab After Tax Account 2) Schwab Roth IRA that was funded by a 401k Roth from her first Firm after Law School 3) TSP 401k from when she clerked for a Fed Judge and a Traditional 401k fro...
by Malinois000
Sat May 02, 2020 10:37 pm
Forum: Personal Investments
Topic: Help evaluating whole life policy- in force illustration
Replies: 8
Views: 883

Re: Help evaluating whole life policy- in force illustration

Your Mother took out the policy and kept in force for 19 years. That alone would be plenty reason for me to maintain the policy. Also, she's paid all the front loaded expenses. I would keep. Lastly, thank your Mom.
by Malinois000
Sun Apr 26, 2020 9:23 pm
Forum: Personal Investments
Topic: Invest in TIPS?
Replies: 10
Views: 910

Re: Invest in TIPS?

I rolled over my wife's 401k to an IRA at Schwab and am building a 60% stock 40% fixed portfolio. 15% 0f the fixed portfolio will be SCHP (TIPS ETF).
by Malinois000
Sat Apr 25, 2020 9:50 pm
Forum: Personal Consumer Issues
Topic: Go or no go on Carnival cruise
Replies: 116
Views: 7546

Re: Go or no go on Carnival cruise

Bail!!!! I'd bet your $100 that Carnival will cancel that Cruise anyway. They will not be ready in July.
by Malinois000
Sun Apr 05, 2020 10:51 am
Forum: Personal Investments
Topic: Do You Use Vanguard AND Fidelity?
Replies: 26
Views: 1704

Re: Do You Use Vanguard AND Fidelity?

Vanguard and Schwab.

Vanguard - Wife's Roth IRA

Schwab - Joint After Tax Account (Stocks and ETFs)
Schwab - Wife's 401k Rollover
Schwab - My Roth IRA

I prefer Schwab.
by Malinois000
Sun Mar 08, 2020 9:57 am
Forum: Personal Investments
Topic: EFT Selection Assistance Desired
Replies: 1
Views: 127

EFT Selection Assistance Desired

We're refinancing our mortgage from 30 yr fixed to 15 year fixed and rolling over my spouses 401k to Schwab to qualify for a reduced interest rate. My spouses 401k has been invested in a "balanced" account from her prior employer (she and I are both retired) and the value is $450k. We will not withd...
by Malinois000
Mon Feb 17, 2020 4:03 pm
Forum: Personal Investments
Topic: 60/40 Doesn't Cut it Anymore?
Replies: 84
Views: 12590

Re: 60/40 Doesn't Cut it Anymore?

rustymutt wrote:
Wed Feb 12, 2020 11:30 am
I saw 2 20% drops in my investments over the years, and the 60/40 held as it was suppose to fit into my life situations. Many smaller ones, so let it ride and go enjoy something.

:sharebeer
Touche....thanks!
by Malinois000
Thu Feb 13, 2020 10:21 pm
Forum: Personal Investments
Topic: Vanguard vs Schwab - customer service
Replies: 34
Views: 2691

Re: Vanguard vs Schwab - customer service

I have both too. I prefer Schwab for both service and website.
by Malinois000
Mon Feb 10, 2020 8:18 am
Forum: Personal Investments
Topic: 60/40 Doesn't Cut it Anymore?
Replies: 84
Views: 12590

Re: 60/40 Doesn't Cut it Anymore?

As a new retiree, I'm interested in everyone's point of view on the recent Jeremy Siegel comments. I currently have my DW and my 401ks under the 60/40. I have a pension that is sufficient for our spending needs so am not planning to withdraw 401k assets until RMD but still found Jeremy's comments i...
by Malinois000
Sun Feb 09, 2020 9:11 am
Forum: Personal Investments
Topic: 60/40 Doesn't Cut it Anymore?
Replies: 84
Views: 12590

60/40 Doesn't Cut it Anymore?

As a new retiree, I'm interested in everyone's point of view on the recent Jeremy Siegel comments. I currently have my DW and my 401ks under the 60/40. I have a pension that is sufficient for our spending needs so am not planning to withdraw 401k assets until RMD but still found Jeremy's comments in...
by Malinois000
Tue Nov 19, 2019 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: Best insurance company for auto, renters, umbrella insurance
Replies: 28
Views: 2294

Re: Best insurance company for auto, renters, umbrella insurance

All my insurance needs are handled by State Farm and I am very satisfied.
by Malinois000
Tue Oct 29, 2019 8:25 pm
Forum: Personal Investments
Topic: Universal Life Policy Help
Replies: 15
Views: 1074

Re:

Get an in force illustration. I had a UL that my dad bought me. At year 27, I surrendered it, having looked at the policy and understanding that the insurance cost increases every year. In my case, it was fixed premium, so at a point (age 70), cash value would go to zero and death benefit would go ...
by Malinois000
Thu Sep 19, 2019 6:36 pm
Forum: Personal Investments
Topic: Is private wealth management worth it?
Replies: 47
Views: 6599

Re: Is private wealth management worth it?

$20 Million is a lot of money. If I were you, I would begin interviewing companies and/or advisors for at least a fee only type of fiduciary plan for you to consider. Get a sense of what they could offer but I wouldn't just invest all that money into a three fund plan.
by Malinois000
Thu Sep 19, 2019 6:23 pm
Forum: Personal Investments
Topic: Sell individual stocks to buy index funds?
Replies: 55
Views: 6596

Re: Sell individual stocks to buy index funds?

Those are great stocks - your Grandparents made terrific selections. They also pay nice dividends (free money). I suggest you hold them for decades. There is no reason to sell for a passive index fund in my view. I certainly wouldn't. In fact, I own J&J - purchased at $95 per share and it's currentl...
by Malinois000
Sat Aug 24, 2019 6:01 pm
Forum: Personal Investments
Topic: Schwab user. Where should I put my Emergency Fund?
Replies: 35
Views: 5523

Re: Schwab user. Where should I put my Emergency Fund?

I use SWVXX...it currently pays a little over 2% and convenient if you need in an emergency.
by Malinois000
Sat Aug 17, 2019 3:36 pm
Forum: Personal Consumer Issues
Topic: Aliens have captured my husband [wants to buy a Porsche]
Replies: 138
Views: 12063

Re: Aliens have captured my husband [wants to buy a Porsche]

Hey - we only have so many car buying opportunities! Sounds like my wife and I are the opposite. Three years ago she says to me I want a Porsche. I resisted but eventually gave it. She selected a new Porsche Macan GTS. It's funny but I absolutely love the car....I'm glad she was persistent. Good luc...
by Malinois000
Sun Jul 28, 2019 9:14 pm
Forum: Personal Investments
Topic: Investing in a non-qualified plan
Replies: 16
Views: 1263

Re: Investing in a non-qualified plan

Sounds like a 409a plan. I've been investing in one for the past several years and plan to retire at the end of the year. What's most important is to ensure you are comfortable with the financial health of the employer. If so, it's a great way to sock away additional tax deferred funds for your reti...
by Malinois000
Thu Jul 04, 2019 6:39 am
Forum: Personal Investments
Topic: What percentage of total portfolio in REIT's do you have? Why? . . Why not?
Replies: 229
Views: 19891

Re: What percentage of total portfolio in REIT's do you have? Why? . . Why not?

I've owned VNQ since 2008. I purchased after the crash so my timing was good. It is 5.4% of my taxable portfolio. The distribution to current price is about 4.6%, the distribution to my original cost is 9.6% so it has turned out to be a very good investment. I have not reinvested dividends.
by Malinois000
Thu Jul 04, 2019 6:22 am
Forum: Personal Consumer Issues
Topic: how do couples work together on home finance
Replies: 60
Views: 5209

Re: how do couples work together on home finance

My wife and I have been married for 30 years. I have always had far more of an interest in financial matters but her interest has increased over the years. I am planning to retire in the near future so we have reviewed our finances in detail together for multiple reasons. 1) I want to ensure we make...
by Malinois000
Wed May 22, 2019 7:34 pm
Forum: Investing - Theory, News & General
Topic: Delaying social security = harming nest egg?
Replies: 74
Views: 6884

Re: Delaying social security = harming nest egg?

I plan for the wife to draw at 62 and myself at 70 so a combination of both options.
by Malinois000
Sat May 18, 2019 1:11 pm
Forum: Personal Investments
Topic: Does your retirement plan work if stocks are flat or in decline for decades?
Replies: 180
Views: 12055

Re: Does your retirement plan work if stocks are flat or in decline for decades?

I'm retiring at the end of 2019: Wife and I both have pensions. Plan SS at 62 for wife and 70 for me. Deferred comp (409a) for 120 months will serve as a bridge to RMDs (401Ks and Roths). We are comfortable that we're fine even if market declines as our pensions and SS total more than living expense...
by Malinois000
Thu Apr 04, 2019 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Amica hiked my insurance, thoughts on alternatives?
Replies: 50
Views: 5708

Re: Amica hiked my insurance, thoughts on alternatives?

State Farm handles my autos, homeowner, PLUP, Life, PAP...and have done so for 30 years.
by Malinois000
Fri Mar 29, 2019 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: How often do you check your net worth?
Replies: 257
Views: 17750

Re: How often do you check your net worth?

Weekly with my home made excel spreadsheet but I have obsessive tendencies.
by Malinois000
Fri Mar 22, 2019 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance
Replies: 43
Views: 2914

Re: Life insurance

I'm a long time State Farm insured and they handle my life, auto, home, PAP, PLUP....you name it, my State Farm agent handles it. I have both term and universal life policies. I guess the first step in realizing you got ripped off by Snake Farm is to state it out loud. Nothing like a some horrible ...
by Malinois000
Fri Mar 22, 2019 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance
Replies: 43
Views: 2914

Re: Life insurance

I'm a long time State Farm insured and they handle my life, auto, home, PAP, PLUP....you name it, my State Farm agent handles it. I have both term and universal life policies.
by Malinois000
Sun Mar 10, 2019 8:14 am
Forum: Personal Investments
Topic: Thoughts on VNQ? [Vanguard Real Estate ETF]
Replies: 43
Views: 9001

Re: Thoughts on VNQ?

I've owned VNQ since 2008 and it's 5.8% of my portfolio. It has performed well both in appreciation and income distribution.
by Malinois000
Sun Feb 03, 2019 1:32 pm
Forum: Personal Investments
Topic: Consolidate to Schwab
Replies: 24
Views: 2980

Re: Consolidate to Schwab

I have both a Schwab and Vanguard accounts and prefer Schwab by far - great customer service and their user interface is top notch. Also, best in class cost/fees.
by Malinois000
Wed Jan 16, 2019 7:19 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 61074

Re: John Bogle is dead at 89

Sorry to hear the news. RIP, John B.
by Malinois000
Wed Nov 28, 2018 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance Never Paid Up
Replies: 7
Views: 1415

Re: Life Insurance Never Paid Up

I certainly suggest that you continue the policy at this point.
by Malinois000
Sun Nov 11, 2018 9:00 am
Forum: Personal Consumer Issues
Topic: Point and shoot camera
Replies: 130
Views: 7420

Re: Point and shoot camera

A little costly but I purchased a fixed focal Leica Q three years ago and I absolutely love it. Highly recommended.
by Malinois000
Fri Oct 05, 2018 7:47 pm
Forum: Personal Investments
Topic: 47yo funded college, paid house, maxed retirement...now what?
Replies: 22
Views: 3099

Re: 47yo funded college, paid house, maxed retirement...now what?

Congrats - good for you! How about an IWC Big Pilot. Panerai? Panerai moved to my 'don't buy' list after the Brooklyn Bridge edition scandal. I'm not familiar with that event - I will google. I have two Panerai's that I purchased several years ago so I'm clearly have a bias. Good luck in your search.
by Malinois000
Fri Oct 05, 2018 6:48 pm
Forum: Personal Investments
Topic: 47yo funded college, paid house, maxed retirement...now what?
Replies: 22
Views: 3099

Re: 47yo funded college, paid house, maxed retirement...now what?

Congrats - good for you! How about an IWC Big Pilot. Panerai?
by Malinois000
Fri Sep 21, 2018 3:25 pm
Forum: Personal Investments
Topic: 409A/Backdoor Roth - Question
Replies: 2
Views: 234

Re: 409A/Backdoor Roth - Question

retiredjg wrote:
Fri Sep 21, 2018 8:15 am
What is required for a Roth contribution is "compensation".

Publication 590A has some examples of what compensation is or is not. In general, payout from a retirement plan is not compensation. I don't know anything about a 409A, but I would expect that it is not compensation.
Thank you!
by Malinois000
Fri Sep 21, 2018 6:56 am
Forum: Personal Investments
Topic: 409A/Backdoor Roth - Question
Replies: 2
Views: 234

409A/Backdoor Roth - Question

I'm planning to retire next year. I have participated in a 409A Deferred Comp over the years which has a 5 year payout after I retire. Will the taxable payout of a deferred plan allow me to continue funding my Backdoor Roth if desired?
by Malinois000
Sat Sep 15, 2018 8:23 am
Forum: Personal Investments
Topic: How much in a brokerage account?
Replies: 7
Views: 967

How much in a brokerage account?

I realize Brokerage accounts are not insured in the way the FDIC serves for Banks. However, is there a threshold where it makes sense to move additional funds to a different brokerage account. Or, are you comfortable accumulating and growing your account with a Vanguard or Schwab as a single investm...
by Malinois000
Sat Aug 25, 2018 1:02 pm
Forum: Personal Investments
Topic: How to Begin with 1M
Replies: 150
Views: 23765

Re: How to Begin with 1M

I have a Schwab account with the same balance as yours and my wife has a Vanguard account. I don't think there is much difference - in fact, I prefer Schwab. However, I did not sign up for their advisory services as I invest on my own. No AUM charges if you decide to go that route. In other words, y...
by Malinois000
Fri Jun 15, 2018 6:29 am
Forum: Personal Investments
Topic: Sell T & buy VZ to realize a $10,000 loss?
Replies: 14
Views: 1301

Re: Sell T & buy VZ to realize a $10,000 loss?

I owned them both as they are both great dividend stocks if that is the way your portfolio is designed. In that case, why not just hold as T is a great dividend stock. However, if your motivation is to Tax Loss Harvest and exchange into a similar industry which also pays a good dividend, then I thin...
by Malinois000
Sat Jun 09, 2018 6:50 am
Forum: Personal Consumer Issues
Topic: Porsche Macan
Replies: 28
Views: 4554

Re: Porsche Macan

I purchased a 2017 Macan GTS in 2016 for my wife. I'm not a huge fan of spending a lot of hard earned money which could be growing in Vanguard funds on quickly depreciating expensive cars but my wife would not accept no for an answer. After spending quite a bit of time on the Macan forum, we offered...
by Malinois000
Thu Jun 07, 2018 8:31 pm
Forum: Personal Consumer Issues
Topic: Best insurer? Allstate vs chubb vs AAA or others
Replies: 44
Views: 6356

Re: Best insurer? Allstate vs chubb vs AAA or others

State Farm hands down. I've been insured with them for all my insurance needs for over 30 years.
by Malinois000
Sun May 27, 2018 9:11 am
Forum: Personal Finance (Not Investing)
Topic: work one more year or attend law school
Replies: 67
Views: 6237

Re: work one more year or attend law school

My daughter attending a top 5 law school. It will open a lot of doors; however, she received a generous scholarship and we paid the remainder and living expenses so she graduated with no dept. Many of the students graduate with a heavy debt load.
by Malinois000
Wed May 23, 2018 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Buy this home?
Replies: 39
Views: 4817

Re: Buy this home?

Coming from a person that has relocated in the double digits during the past 30 years so have purchased a number of homes, I think you and your wife make a nice income and have a substantial down payment. However, I would not recommend a home at that price point given your income. There are so many ...
by Malinois000
Wed May 23, 2018 5:21 pm
Forum: Personal Investments
Topic: Best buy and hold vanguard fund forever...
Replies: 28
Views: 5619

Re: Best buy and hold vanguard fund forever...

Have you considered a back door Roth? That's what may wife and I have been using the past years...
by Malinois000
Sat May 19, 2018 7:31 pm
Forum: Personal Investments
Topic: Wife Retiring hesitant to roll-over funds to Vanguard
Replies: 36
Views: 5661

Re: Wife Retiring hesitant to roll-over funds to Vanguard

I agree with wifey. We have both Schwab and Vanguard. Both are great but I prefer Schwab. The overall diversification argument of your wife is compelling in my view although I wouldn't personally worry about the total at Vanguard.

Happy wife, happy life!
by Malinois000
Wed May 16, 2018 7:22 pm
Forum: Personal Consumer Issues
Topic: how do you tip on wine at a restaurant
Replies: 209
Views: 16342

Re: how do you tip on wine at a restaurant

I tip 20% on entire bill including wine.
by Malinois000
Tue May 15, 2018 2:26 pm
Forum: US Chapters
Topic: Yes, I'm 89 all right! [Jack Bogle]
Replies: 126
Views: 16211

Re: Yes, I'm 89 all right!

Happy Birthday, Jack! Celebrate! We look forward to reading your 12th book when it's available.
by Malinois000
Sun May 13, 2018 1:46 pm
Forum: Personal Consumer Issues
Topic: New Car Suggestions: BMW Crapping Out
Replies: 61
Views: 7267

Re: New Car Suggestions: BMW Crapping Out

We have a 2008 BMW X5 that has 120k miles. We tend to pay approx $3000 annually with maintenance...there is always something. I purchase cars very infrequently and pay cash when I buy them. I always tell myself writing a $3,000 check is better than writing one for $50k. I plan to consider a replacem...
by Malinois000
Thu May 03, 2018 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate Commissions - How Negotiable?
Replies: 31
Views: 2823

Re: Real Estate Commissions - How Negotiable?

Great feedback all. Thanks so much for all the advice!