Search found 53 matches

by tbone555
Wed Sep 11, 2019 2:17 pm
Forum: Personal Investments
Topic: Where should we cut back saving/investing?
Replies: 31
Views: 3285

Re: Where should we cut back saving/investing?

You are doing great. I think maxing tax-advantaged accounts before 529 and taxable makes sense. Unless you also need to save for something in the near future like a new roof.

Also. I believe you are in the 22% bracket not 24%?
by tbone555
Wed Aug 14, 2019 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Are you refinancing now?
Replies: 73
Views: 6803

Re: Are you refinancing now?

Is there a general rule of thumb on refinancing? I have a 30 year @ 4.375% with 27 years left. I owe 236k on a home valued at 500k. There are 15 year at 2.87%. Should i go from 30 year to 15? Personal choice. Would doing a 30-year lower costs enough to Max out a 401k for instance? See my post about...
by tbone555
Wed Aug 14, 2019 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Are you refinancing now?
Replies: 73
Views: 6803

Re: Are you refinancing now?

Why do people refi to a 30 year? Is it to get lower payments? Cash out? Reduce current mortgage % and lower payments? Or are they in ARMs that are about to jump? I don't understand the point. I am looking to cut my 23 years remaining on a 30 year conventional to 15 years if it's not a huge jump in ...
by tbone555
Wed Aug 14, 2019 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Are you refinancing now?
Replies: 73
Views: 6803

Re: Are you refinancing now?

Why do people refi to a 30 year? Is it to get lower payments? Cash out? Reduce current mortgage % and lower payments? Or are they in ARMs that are about to jump? I don't understand the point. I am looking to cut my 23 years remaining on a 30 year conventional to 15 years if it's not a huge jump in ...
by tbone555
Sun Aug 11, 2019 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Multiple appraisal for multiple quote for mortgage loan?
Replies: 11
Views: 434

Re: Multiple appraisal for multiple quote for mortgage loan?

This is a good article laying out the pros/cons of a no-cost mortgage. And it seems increasing the principle to pay for the costs is also considered a no-cost refi.

https://www.google.com/amp/s/www.bankra ... .aspx/amp/
by tbone555
Sun Aug 11, 2019 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Multiple appraisal for multiple quote for mortgage loan?
Replies: 11
Views: 434

Re: Multiple appraisal for multiple quote for mortgage loan?

FYI. I locked 3.375% 30-year with 0.25 points on Friday. I rolled the points into the new loan. Rates seemed to have increased a bit since then. Edit: this is a refinance Did you compare several lenders? I was told by one of the readers in the forum before. I should gather all required documents an...
by tbone555
Sun Aug 11, 2019 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Multiple appraisal for multiple quote for mortgage loan?
Replies: 11
Views: 434

Re: Multiple appraisal for multiple quote for mortgage loan?

FYI. I locked 3.375% 30-year with 0.25 points on Friday. I rolled the points into the new loan. Rates seemed to have increased a bit since then. Edit: this is a refinance Did you compare several lenders? I was told by one of the readers in the forum before. I should gather all required documents an...
by tbone555
Sun Aug 11, 2019 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Multiple appraisal for multiple quote for mortgage loan?
Replies: 11
Views: 434

Re: Multiple appraisal for multiple quote for mortgage loan?

FYI. I locked 3.375% 30-year with 0.25 points on Friday. I rolled the points into the new loan. Rates seemed to have increased a bit since then. Edit: this is a refinance Did you compare several lenders? I was told by one of the readers in the forum before. I should gather all required documents an...
by tbone555
Sun Aug 11, 2019 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Multiple appraisal for multiple quote for mortgage loan?
Replies: 11
Views: 434

Re: Multiple appraisal for multiple quote for mortgage loan?

FYI. I locked 3.375% 30-year with 0.25 points on Friday. I rolled the points into the new loan.

Rates seemed to have increased a bit since then.

Edit: this is a refinance
by tbone555
Sun Aug 11, 2019 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Multiple appraisal for multiple quote for mortgage loan?
Replies: 11
Views: 434

Re: Multiple appraisal for multiple quote for mortgage loan?

Not in my experience. But I use multiple mortgage brokers competing against each other. Thanks. ok. I'm looking at aimloan.com. it seems they'll provide rates before appraisal. It's kind of odd that chase will want to order appraisal before providing interest rates. Probably I should talk to the Lo...
by tbone555
Sun Aug 11, 2019 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Multiple appraisal for multiple quote for mortgage loan?
Replies: 11
Views: 434

Re: Multiple appraisal for multiple quote for mortgage loan?

Not in my experience. But I use multiple mortgage brokers competing against each other.
by tbone555
Thu Aug 01, 2019 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: financial to-do checklist for federal employees?
Replies: 36
Views: 1481

Re: financial to-do checklist for federal employees?

Make sure to have/keep FEHB once the federal employee reaches 10+ years of service. Make sure spouse and family is covered. Why? Because if the federal employees dies then the spouse gets to keep the FEHB for the rest of their lives. If federal employee dies and didn't have FEHB, then spouse loses c...
by tbone555
Fri Jul 26, 2019 4:15 pm
Forum: Personal Investments
Topic: $$$ on the sideline and other thoughts
Replies: 19
Views: 1856

Re: $$$ on the sideline and other thoughts

Best not to decide these things on your 'feelings.' Instead, develop an Investment Policy Statement and determine a stock/bond/cash ratio that you can live with even during a recession, while also meeting your goals/needs.
by tbone555
Wed May 15, 2019 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Max out TSP, 457, AND 403b
Replies: 33
Views: 3928

Re: Max out TSP, 457, AND 403b

Asset allocation is 100% total US stock market. Starting to buy total international with new money.

I'm 39. Probably would not retire before 57 when. I can keep Federal Health insurance for life.
by tbone555
Wed May 15, 2019 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Max out TSP, 457, AND 403b
Replies: 33
Views: 3928

Re: Max out TSP, 457, AND 403b

Quick update. Family income is now $230k. We are maxing 403, 457, and Roth TSP, plus two Roth IRAs. As our income has increased we have kept lifestyle creep mostly in check. I would love to retire as early as possible.
by tbone555
Thu Mar 07, 2019 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Recent Death of Father and Looking At Life Insurance Payout Options
Replies: 25
Views: 2039

Re: Recent Death of Father and Looking At Life Insurance Payout Options

I think in both cases you are only taxed on the earnings. Someone else will confirm what part of the payout is principle vs earnings. Are payouts taken from only principle until the principle is used up, and then all future payments count as earnings?
by tbone555
Fri Feb 15, 2019 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Depreciation
Replies: 10
Views: 819

Re: Depreciation

Wow. I see now that depreciation recapture is not a flat rate 25%, but a maximum rate of 25%. Really food to know this. Perhaps I can time the sale of my rental property the first year of early eetierment and save quite a bit on taxes. You can also spread out the gain via an installment sale agreem...
by tbone555
Thu Feb 14, 2019 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Depreciation
Replies: 10
Views: 819

Re: Depreciation

Wow. I see now that depreciation recapture is not a flat rate 25%, but a maximum rate of 25%. Really food to know this. Perhaps I can time the sale of my rental property the first year of early eetierment and save quite a bit on taxes.
by tbone555
Thu Feb 14, 2019 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Depreciation
Replies: 10
Views: 819

Re: Depreciation

I have been depreciating a real estate office for about 10 years but I recently began to wonder that since I am in a 15% tax bracket/rate whether it makes sense to continue to save 15% now but later pay 25% when disposing of the property? Is there any advantage to continue to depreciate my commerci...
by tbone555
Sat Jan 05, 2019 7:45 pm
Forum: Personal Investments
Topic: I now have a lot more traditional than Roth. Should I shift into Roth 401K ?
Replies: 47
Views: 2223

Re: I now have a lot more traditional than Roth. Should I shift into Roth 401K ?

Weighting bonds in your 401k (and stocks in Roth and taxable) would help slow the growth of the pretax. The relative amount of Roth/pretax is not really relevant. What matters is the sheer size of the 401k. It is only a problem if it is so big that you can't make withdrawals at a low tax rate. This...
by tbone555
Mon Dec 24, 2018 11:12 am
Forum: Investing - Theory, News & General
Topic: All the "should I be 100% stocks" threads over the last year.
Replies: 185
Views: 15394

Re: All the "should I be 100% stocks" threads over the last year.

I'm 100% stocks and am not losing any sleep. That said, I'm 38 and will have a federal pension. I will add more bonds someday much closer to retirement.
by tbone555
Sat Dec 08, 2018 6:25 am
Forum: Personal Investments
Topic: 58 y/o nearing retirement - looking at economic/stock market indicators
Replies: 36
Views: 5541

Re: 58 y/o nearing retirement - looking at economic/stock market indicators

Stock market is high. CAPE ratios high. Unemployment is at 10 year low. Housing near a bubble. Recession on the horizon in a year or so. Most experts predicting much lower stock market returns over the next ten years. All of this was true 5 years ago too (Except unemployment being low, but that's a...
by tbone555
Mon Oct 29, 2018 7:40 pm
Forum: Personal Investments
Topic: S&P 500 versus Total Stock Market
Replies: 8
Views: 2250

Re: S&P 500 versus Total Stock Market

Good question, but every time I check it seems like S&P 500 index out performs total stock market. Try to dig a little deeper than that. You will find that total stock market has a bit more small cap and a little more volatility. In the end there really isn't a big difference. I like total stock ma...
by tbone555
Mon Oct 29, 2018 7:25 pm
Forum: Personal Investments
Topic: S&P 500 versus Total Stock Market
Replies: 8
Views: 2250

Re: S&P 500 versus Total Stock Market

Please define what 'seems like' means?
by tbone555
Sat Oct 20, 2018 8:27 am
Forum: Investing - Theory, News & General
Topic: Protecting large sums of cash.
Replies: 30
Views: 4266

Re: Protecting large sums of cash.

Treasuries
by tbone555
Tue Oct 09, 2018 1:16 pm
Forum: Personal Investments
Topic: How to get over paper loss?
Replies: 43
Views: 4066

Re: How to get over paper loss?

Rather than stop looking, I think one needs to look even more. After awhile, one will get used to losing money. I am serious about this. I tend to agree with this. Playing mental games to 'hide' from the risk you are taking doesn't seem the right approach. Feeling the pain of paper losses is import...
by tbone555
Fri Jul 13, 2018 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Max out TSP, 457, AND 403b
Replies: 33
Views: 3928

Re: Max out TSP, 457, AND 403b

Thanks for all the feedback. I truly appreciate it.

Good funds in the 403b.

Having more taxable will give us more flexibility.

Food for thought!!!

Edited to add: cant up contributions to 403b until after getting next raise/promotion.
by tbone555
Thu Jul 12, 2018 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Max out TSP, 457, AND 403b
Replies: 33
Views: 3928

Re: Max out TSP, 457, AND 403b

Still analyzing my plan for more tax advantaged. I am working the numbers, but think my wife and I could retire at 57. This gives 13 years before RMDs where we can do roth conversions and withdrawals. That said, with our combined state+federal rate at about 32% is there an argument to do 3 x $18.5 i...
by tbone555
Thu Jul 12, 2018 5:42 pm
Forum: Personal Investments
Topic: What's your *real* asset allocation?
Replies: 30
Views: 3593

Re: What's your *real* asset allocation?

It certainly is part of your asset allocation whether you choose to count it or not. It is also part of your net worth. If you want to break it down as liquid vs illiquid that is reasonable, but it doesn't take it out of the overall calculations. Otherwise it seems like a mind game you are playing t...
by tbone555
Sat Jun 30, 2018 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: Local Bank Branch Consolidation - Huh?
Replies: 12
Views: 1134

Re: Local Bank Branch Consolidation - Huh?

It is how banks account for deposits and ultimately profit&loss of individual branches. Banks have been closing branches for a while because they are expensive to run. They use the P&L plus other metrics (such as average household income in the area around the bank) to determine when to close a bran...
by tbone555
Mon Jan 29, 2018 11:16 am
Forum: Investing - Theory, News & General
Topic: The Value of Your FERS Annuity and Your TSP Investment Strategy
Replies: 14
Views: 2070

Re: The Value of Your FERS Annuity and Your TSP Investment Strategy

Thanks for the responses so far. All valid points for me to consider.
by tbone555
Mon Jan 29, 2018 10:47 am
Forum: Investing - Theory, News & General
Topic: The Value of Your FERS Annuity and Your TSP Investment Strategy
Replies: 14
Views: 2070

The Value of Your FERS Annuity and Your TSP Investment Strategy

https://www.myfederalretirement.com/public/fers-tsp.cfm Good succinct article. Just looking for counterpoints as I am a Fed fully invested in stock indexes in my tax advantaged accounts. "From a logical investment perspective, most feds can afford to take significant risk in their TSP. HOWEVER, logi...
by tbone555
Wed Jan 24, 2018 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Max out TSP, 457, AND 403b
Replies: 33
Views: 3928

Re: Max out TSP, 457, AND 403b

Thanks for all the responses. I have decent funds in the 403b through fidelity.

I will do more Roth if I increase my savings in tax advantaged.
by tbone555
Wed Jan 24, 2018 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Max out TSP, 457, AND 403b
Replies: 33
Views: 3928

Re: Max out TSP, 457, AND 403b

New money from raises. Currently fund $18k TSP $18k government 457, $11k for Roth IRAs.

Yearly expenses around $120k with 2 yound kids.

I would consider cutting back a bit on TSP since I'm am building a pension...
by tbone555
Tue Jan 23, 2018 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: Max out TSP, 457, AND 403b
Replies: 33
Views: 3928

Re: Max out TSP, 457, AND 403b

Thanks for the insight. All solid points that point to the need for me to ramp up some taxable investing. I will consider this even more now that we have lower tax brackets.
by tbone555
Tue Jan 23, 2018 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Max out TSP, 457, AND 403b
Replies: 33
Views: 3928

Re: Max out TSP, 457, AND 403b

Now our combined income is $200k since I got my usual raise and my wife got a promotion. I'm wondering if I should start prioritizing taxable investing to some degree. All of my investments (net worth is about $600k) are tied up in tax-advantaged and real estate. I'm not sure if I'm asking a specifi...
by tbone555
Tue Dec 05, 2017 3:57 pm
Forum: Investing - Theory, News & General
Topic: Unsolicited advice - 32 yo w/ 80% bonds, fixed income fund
Replies: 36
Views: 3949

Re: Unsolicited advice - 32 yo w/ 80% bonds, fixed income fund

I believe KlangFool recommends investing as much as possible and then cash flow college expenses. I'm not sure what argument he has for 529 being less tax efficient. It does constrain funds in that they have to be used for college or face taxes and penalties on the earnings. I am taking a halfway ap...
by tbone555
Mon Nov 06, 2017 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Max out TSP, 457, AND 403b
Replies: 33
Views: 3928

Re: Max out TSP, 457, AND 403b

I finally had a chance to read that last link. I found it somewhat confusing. At one point, it almost sounds like the contributions will be taxed a second time and I feel sure that is not what the author intended. I agree that only the earnings will be subject to taxes if withdrawn before 59.5. I d...
by tbone555
Sat Oct 21, 2017 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Max out TSP, 457, AND 403b
Replies: 33
Views: 3928

Re: Max out TSP, 457, AND 403b

I suspect only the earnings will be subject to taxes if withdrawn before 59.5

Very confusing indeed.
by tbone555
Sat Oct 21, 2017 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Max out TSP, 457, AND 403b
Replies: 33
Views: 3928

Re: Max out TSP, 457, AND 403b

I think it is correct: https://financegourmet.com/blog/retirement/how-to-use-roth-457-plans/ Roth 457 aren't subject to 10% early withdrawal penalty (same as trad 457) BUT early withdrawals are counted as ORDINARY income! Crazy! So it seems I will stick with trade 457 to keep the early withdraw upon...
by tbone555
Sat Oct 21, 2017 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Max out TSP, 457, AND 403b
Replies: 33
Views: 3928

Re: Max out TSP, 457, AND 403b

It appears that I would have to wait to 59.5 to take qualified distributions from a Roth 457. https://www.irs.gov/retirement-plans/retirement-plans-faqs-on-designated-roth-accounts If this is the case, does it not make more sense to do a traditional 457 and Roth 403b? Then we would have the option o...
by tbone555
Fri Oct 13, 2017 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Max out TSP, 457, AND 403b
Replies: 33
Views: 3928

Re: Max out TSP, 457, AND 403b

Thought so. My thinking is I can fill that space up while paying the TSP loan back at the low G-fund rate. I realize some of the 50k will be waiting to be invested because I can only fund these accounts with each pay period. Then in two years or so our income would rise enough to be able to fill all...
by tbone555
Fri Oct 13, 2017 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Max out TSP, 457, AND 403b
Replies: 33
Views: 3928

Re: Max out TSP, 457, AND 403b

I am contemplating taking a max (50k) tsp loan so I can maximize contributions to my TSP, her 403b and her Roth 457 over the next couple of years. Am I crazy?
by tbone555
Sat Oct 07, 2017 5:54 am
Forum: Personal Investments
Topic: Should I keep my Stocks?
Replies: 42
Views: 5103

Re: Should I keep my Stocks?

There are no tax consequences if they are in an IRA. Sell them if you want to.
by tbone555
Wed Oct 04, 2017 10:09 pm
Forum: Personal Investments
Topic: 2M savings investment help
Replies: 49
Views: 11114

Re: 2M savings investment help

Please don't buy a variable annuity.
by tbone555
Wed Oct 04, 2017 7:00 pm
Forum: Personal Investments
Topic: 2M savings investment help
Replies: 49
Views: 11114

Re: 2M savings investment help

Tax managed is nice and simple. VTMFX "As part of Vanguard’s series of tax-managed investments, this fund provides exposure to the mid- and large-capitalization segments of the U.S. stock market with about 50% of assets, while the balance of assets are invested in federally tax-exempt municipal bond...
by tbone555
Wed Oct 04, 2017 6:38 pm
Forum: Personal Investments
Topic: 2M savings investment help
Replies: 49
Views: 11114

Re: 2M savings investment help

You are overthinking this IMO. Be happy for what you have achieved at such a young age instead of what could have been. You have more money than most people ever will and a great opportunity to continue to grow your wealth. I suggest a conservative allocation that will let you sleep at night. Why no...
by tbone555
Sat Sep 30, 2017 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Max out TSP, 457, AND 403b
Replies: 33
Views: 3928

Re: Max out TSP, 457, AND 403b

Starting to think about maxing TSP and 403B, then Maxing Roth 457. This could really help with early returment as we could withdraw tax-free from the Roth 457 once my wife quits her job.

Please let me know if this is a good way of thinking.
by tbone555
Thu Apr 20, 2017 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford to purchase this new house?
Replies: 13
Views: 1955

Re: Can we afford to purchase this new house?

You can afford this house. Go for the house that will work for the long term instead of moving twice. I believe bogleheads can be overly conservative at times. Put down 20% and spread your savings across other accounts instead of putting down a huge down payment. All that said, I strongly agree that...
by tbone555
Thu Apr 13, 2017 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Max out TSP, 457, AND 403b
Replies: 33
Views: 3928

Re: Max out TSP, 457, AND 403b

I have to think more about Roth conversions as regards to tax planning. Also need to think when my wife might be able to retire and how that will factor into our plans.

Thanks for the insight.