Search found 57 matches

by Tracyfaa
Sun Feb 18, 2018 1:55 pm
Forum: Investing - Help with Personal Investments
Topic: Retired with backdoor roth quesiton
Replies: 5
Views: 423

Re: Retired with backdoor roth quesiton

If the money is already in an IRA, converting to a Roth is simply a Roth conversion, not a back door Roth. You will pay income tax on the amount you convert each year, so it may be worth converting over several years in case it bumps up your tax bracket. Or do it at once and get it over with. A bac...
by Tracyfaa
Sun Feb 18, 2018 11:21 am
Forum: Investing - Help with Personal Investments
Topic: Retired with backdoor roth quesiton
Replies: 5
Views: 423

Retired with backdoor roth quesiton

My question concerns nothing more than just how, and if feasible. If there is a thread that already covers the topic, please post for me. Wife and I both retired. All...meaning ALL...finances are handled by me. We are 56 and 53. While employed I was earning 200k+ for the last several years. Pension ...
by Tracyfaa
Fri Feb 16, 2018 7:23 pm
Forum: Investing - Help with Personal Investments
Topic: Why paying off loans would be better than fully funding 401k?
Replies: 97
Views: 8559

Re: Why paying off loans would be better than fully funding 401k?

Forgot to mention that we do have 529 plans for both kids. Not a ton in there and no new contributions going in. Have to get our finances in order before funding 529. He might have to delay college a year or 2. he can work and save if he really wants to go. Are you insane?? Not really trying to be ...
by Tracyfaa
Thu Feb 15, 2018 6:10 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2017!
Replies: 323
Views: 59044

Re: Roll Call for the Retirement Class of 2017!

I don't believe I posted this. Officially retired as of september 30, 2017! Very happy now, less stress, more time with family, especially more time to ensure finances are in order (they are)!

:sharebeer to all retirees!
by Tracyfaa
Thu Feb 15, 2018 6:06 pm
Forum: Investing - Help with Personal Investments
Topic: Buy or Rent under new Tax Law
Replies: 20
Views: 2326

Re: Buy or Rent under new Tax Law

Having been there/done that I have to say that you've set your budget way too high given your down payment, and 9 month old and wanting to have another, (kids are EXPENSIVE!!!) and especially the statement about your job stability. It would also be irresponsible for a lender to approve a loan that h...
by Tracyfaa
Thu Feb 15, 2018 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: Why paying off loans would be better than fully funding 401k?
Replies: 97
Views: 8559

Re: Why paying off loans would be better than fully funding 401k?

Jusy my $.02. I read every single post. Some helpful. Some were a little harsh, but it seems a little “tough love” really could be what’s in order here. Why the CPA? You’re unemployed dude! Take the time to really get to know your own finances! Is this the person who has gotten you mixed up in all o...
by Tracyfaa
Thu Jun 29, 2017 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Friend trades in cars every 2 years, but hates leasing
Replies: 17
Views: 2406

Re: Friend trades in cars every 2 years, but hates leasing

sunny_socal wrote:Let's be happy the world has people like that, it ends up providing a source of barely used vehicles for a good price! :beer

It's his money...
++1
by Tracyfaa
Thu Jun 29, 2017 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Friend trades in cars every 2 years, but hates leasing
Replies: 17
Views: 2406

Re: Friend trades in cars every 2 years, but hates leasing

I would've thought that bogleheads didn't lease or trade in cars every two years. Buy and hold baby!
by Tracyfaa
Tue Jun 27, 2017 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Financing Engagement Ring/ Credit Score Potential Consequences
Replies: 39
Views: 3665

Re: Financing Engagement Ring/ Credit Score Potential Consequences

Ask what the cash price would be. Then what everyone else has said!! And congrats on engagement! :sharebeer
by Tracyfaa
Tue Jun 27, 2017 6:01 pm
Forum: Investing - Help with Personal Investments
Topic: Looking into selling a structured settlement and need some advice
Replies: 66
Views: 6090

Re: Looking into selling a structured settlement and need some advice

Here is what I would do. I would keep the structured settlement and live off of it. That's my GUARANTEED cash flow that I can use to eat for the rest of my life. Next, I would work hard in my day job and save money. I don't need that salary to eat, so I can invest all that "extra" money to buy real...
by Tracyfaa
Sat Jun 24, 2017 6:32 pm
Forum: Investing - Theory, News & General
Topic: Federal Retirement Readiness Review...FREE
Replies: 3
Views: 796

Re: Federal Retirement Readiness Review...FREE

I'm a soon to be retired fed. Went through the process with Livingston Federal up until I was presented with the fee schedule and nearly choked. I admit though, I did learn a few things that I hadn't thought of during the presentation. Should you decide to at least see/hear some of their ideas, ask ...
by Tracyfaa
Sat Jun 24, 2017 2:33 pm
Forum: Personal Consumer Issues
Topic: emerald ash borer disaster
Replies: 35
Views: 2985

Re: emerald ash borer disaster

We had the same here in Illinois. Our big beautiful ash tree in front of the house had to go. But all was not lost. We planted three different maple varieties. A beautiful color palette in the fall. Bartlett pears WILL eventually split in a strong wind. They are beautiful when in bloom, but the blos...
by Tracyfaa
Fri Jun 23, 2017 9:30 am
Forum: Investing - Help with Personal Investments
Topic: Boglehead Challenge -- Help me "win the game".
Replies: 25
Views: 3133

Re: Boglehead Challenge -- Help me "win the game".

Need some FERS retirees to check in.
by Tracyfaa
Fri Jun 23, 2017 8:38 am
Forum: Investing - Theory, News & General
Topic: Costco vs. Amazon - Thoughts of Prime Members?
Replies: 80
Views: 12707

Re: Costco vs. Amazon - Thoughts of Prime Members?

IMHO the short term market reaction is a knee jerk. Give it a few months to see what Amazon's real plan is. My wife and I won't be changing our Amazon buying or our trips to Costco. Or Sams Club for that matter!
by Tracyfaa
Fri Jun 23, 2017 8:25 am
Forum: Personal Consumer Issues
Topic: New cars w/ no CD player -- what can I do with my CDs?
Replies: 47
Views: 25697

Re: New cars w/ no CD player -- what can I do with my CDs?

An old, no longer usable phone makes a great portable music storage device for a vehicle with no CD player. Even if the Bluetooth won't work, most head units have an aux input you could use. Ripped at 128 kbps, your music in the car will be virtually indistinguishable from the CDs themselves unless ...
by Tracyfaa
Fri Jun 23, 2017 7:59 am
Forum: Personal Consumer Issues
Topic: is luxury car a smarter purchase?
Replies: 102
Views: 10880

Re: is luxury car a smarter purchase?

Today, buying any car other than a self-driving car(Tesla?) is not a smart purchase. There is a revolution coming in the automobile world. Few more years, and all current car ownerships and insurance models will be history. We are living in the last years of manual driving. So, just wait for fully ...
by Tracyfaa
Fri Jun 23, 2017 7:48 am
Forum: Personal Finance (Not Investing)
Topic: New Baby - Wife stay at home for 1 year?
Replies: 48
Views: 5561

Re: New Baby - Wife stay at home for 1 year?

:thumbsup I just want to reflect that the OP didn't ask a question in the body of his post. He merely described that his wife would like to stay home and they are in good shape to do so. Go for it, man. Life isn't about an optimized spreadsheet. Life is about optimizing relationships. Your baby is a...
by Tracyfaa
Fri Jun 16, 2017 10:48 am
Forum: Investing - Help with Personal Investments
Topic: TSP options
Replies: 16
Views: 2515

Re: Federal Employee First Alliance - Annuities ?

Federal employee myself. Been to one of those so-called "retirement seminars", and even had been in contact with the representative about signing up. He had some very good ideas about how to move my money around, different "buckets", AA, life insurance, survivor benefits, etc. Livingston Federal was...
by Tracyfaa
Wed Jun 14, 2017 7:44 am
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2017!
Replies: 323
Views: 59044

Re: Roll Call for the Retirement Class of 2017!

Ahhh. I think I've got it!
The quoted part will be in beige and your direct reply will be in blue.
Thanks!

And congrats to all retirees!

D
by Tracyfaa
Tue Jun 13, 2017 5:03 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2017!
Replies: 323
Views: 59044

Re: Roll Call for the Retirement Class of 2017!

Retiring September 30, 2017 56 - mandatory retirement due to job CAMI rules, etc. Will have 32 years 9 months as an ATC specialist at 9 facilities across the country, much of my time in So. California. It's been an awesome journey, and I feel lucky to have seen so many changes and improvements in o...
by Tracyfaa
Mon Jun 12, 2017 4:53 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2017!
Replies: 323
Views: 59044

Re: Roll Call for the Retirement Class of 2017!

:sharebeer Retiring September 30, 2017 56 - mandatory retirement due to job CAMI rules, etc. Will have 32 years 9 months as an ATC specialist at 9 facilities across the country, much of my time in So. California. It's been an awesome journey, and I feel lucky to have seen so many changes and improve...
by Tracyfaa
Mon Jun 05, 2017 9:35 am
Forum: Investing - Help with Personal Investments
Topic: Liquidate or transfer of assets
Replies: 1
Views: 314

Liquidate or transfer of assets

Hi all,

I'm trying to transfer Roth IRA assets from CGM to Vanguard. Any info on the best way? Vanguard's info stated an MSG would be necessary, but CGM tells me not true. Is it easier to just liquidate, then deposit money to my Vanguard Roth IRA? (Within the 60 day requirement)

D
by Tracyfaa
Wed May 31, 2017 6:39 am
Forum: Investing - Help with Personal Investments
Topic: New to the forum and retiring this fall
Replies: 55
Views: 7747

Re: New to the forum and retiring this fall

Life insurance is not completely tax free although you are right it is not included as taxable income to the beneficiary. However, if the OP is planning for his family, he needs to know that it is included in the estate of the deceased (in most situations-unless the deceased has set it up in a cert...
by Tracyfaa
Tue May 30, 2017 8:03 pm
Forum: Investing - Help with Personal Investments
Topic: New to the forum and retiring this fall
Replies: 55
Views: 7747

Re: New to the forum and retiring this fall

You may want to do the math of what the combination of a 20 year and 30 year policy would cost. These numbers may not be right, but what if you got a $1MM 20 year policy and a $1MM 35 year policy? This helps account for the fact that you need more money to cover for your pension loss if you die ear...
by Tracyfaa
Tue May 30, 2017 6:35 pm
Forum: Investing - Help with Personal Investments
Topic: New to the forum and retiring this fall
Replies: 55
Views: 7747

Re: New to the forum and retiring this fall

Just stick with 25% and a term policy. 25% allows her to keep FEHB. And remember, your pension is taxable while life insurance is income tax free, so you'll need less insurance than you probably think. You have enough money that she'll be just fine with the reduced pension and life insurance. And i...
by Tracyfaa
Tue May 30, 2017 2:58 pm
Forum: Investing - Help with Personal Investments
Topic: New to the forum and retiring this fall
Replies: 55
Views: 7747

Re: New to the forum and retiring this fall

Well, I am sure she would much prefer the full benefit, even if it costs a little more from my pension. We discussed it today before I left for work. Of utmost importance is peace of mind for her and our son. And me.

D
by Tracyfaa
Tue May 30, 2017 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: New to the forum and retiring this fall
Replies: 55
Views: 7747

Re: New to the forum and retiring this fall

Definitely worth thinking about. Thanks. Are you signficantly younger than your spouse? It doesn't sound good for the spouse to have - 25% survivor pension even with a small (why Small?) insurance policy. If spouse is older, then maybe ok. Are you sure there isn't a 100% benefit forthe spouse with ...
by Tracyfaa
Tue May 30, 2017 11:54 am
Forum: Investing - Help with Personal Investments
Topic: New to the forum and retiring this fall
Replies: 55
Views: 7747

Re: New to the forum and retiring this fall

Definitely worth thinking about.

Thanks.
by Tracyfaa
Tue May 30, 2017 11:38 am
Forum: Investing - Help with Personal Investments
Topic: New to the forum and retiring this fall
Replies: 55
Views: 7747

Re: New to the forum and retiring this fall

As someone with a pension when I retire, I will just share my thoughts and personal philosophies and hope it helps. I consider myself moderate risk tolerant and that informs my personal choices. With a sizable pension coming, I figure I can afford to be not conservative in my asset allocation. At t...
by Tracyfaa
Tue May 30, 2017 9:44 am
Forum: Investing - Help with Personal Investments
Topic: New to the forum and retiring this fall
Replies: 55
Views: 7747

Re: New to the forum and retiring this fall

It can be changed back to 50% before officially retiring, but at what cost? The 25% costs 5% of my pension. The 50% (maximum) costs 10% of pension. That works out to an additional cost of approximately $5,000/year. The federal retirement experts I've spoken with so far have shown figures that the ex...
by Tracyfaa
Tue May 30, 2017 12:36 am
Forum: Investing - Help with Personal Investments
Topic: New to the forum and retiring this fall
Replies: 55
Views: 7747

Re: New to the forum and retiring this fall

A good approach is to treat everything as one big portfolio. I took your latest numbers and put them in a quick spreadsheet. What comes out immediately is that the TSP is a whopping 66.89% of your total portfolio. The next largest is your wife's Traditional IRA at 12.50%. I'm using the "Code" tags ...
by Tracyfaa
Mon May 29, 2017 11:16 am
Forum: Investing - Help with Personal Investments
Topic: Which is better? [Adjust AA yearly or every 6 months]
Replies: 13
Views: 2001

Re: Which is better?

ruralavalon wrote:
blueblock wrote:I re-balance annually, unless my AA is out of whack by 5%, then I re-balance at that trigger point.
Me too.
I like the idea of yearly, and any set trigger points as well.
by Tracyfaa
Sun May 28, 2017 10:38 pm
Forum: Investing - Help with Personal Investments
Topic: Which is better? [Adjust AA yearly or every 6 months]
Replies: 13
Views: 2001

Re: Which is better?

blueblock wrote:I re-balance annually, unless my AA is out of whack by 5%, then I re-balance at that trigger point.
:thumbsup
by Tracyfaa
Sun May 28, 2017 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: Which is better? [Adjust AA yearly or every 6 months]
Replies: 13
Views: 2001

Which is better? [Adjust AA yearly or every 6 months]

Hope everyone is having a safe holiday weekend, and let's always remember what Memorial Day commemorates. :sharebeer This isn't a poll. I'll be starting this soon. If given the option and you have the time, is it better or even advisable to adjust AA in the three fund portfolio once a year or every ...
by Tracyfaa
Sun May 28, 2017 10:53 am
Forum: Investing - Help with Personal Investments
Topic: New to the forum and retiring this fall
Replies: 55
Views: 7747

Re: New to the forum and retiring this fall

Just curious, but under FERS at 32.5 years, wouldn't you be at approximately 46.5% (1.7% x 20 = 34%) + (1% x 12.5 years = 12.5%) of your high three? And if so, your pension will be more than $100k? ATCs must get paid very well. Only at the busiest and most conplex facilities. Also under the new Vis...
by Tracyfaa
Sun May 28, 2017 10:49 am
Forum: Investing - Help with Personal Investments
Topic: New to the forum and retiring this fall
Replies: 55
Views: 7747

Re: New to the forum and retiring this fall

Roger. Please see updated info near the top of the thread now. I've not posted expense ratios/fees as I am not yet concerned with that part of our nest egg. My/our goal will be to simplify all moneys, over time, into a more manageable three to five fund portfolio, with Vanguard, unless alternate rec...
by Tracyfaa
Sat May 27, 2017 4:05 pm
Forum: Investing - Help with Personal Investments
Topic: EE and I Bonds
Replies: 44
Views: 6044

Re: EE and I Bonds

Here's a Forbes column I did on using EE Bonds to build your own retirement annuity. Laddering $10k for you and $10k for your wife annually would guarantee you a retirement income of $40K per year. https://www.forbes.com/sites/thebogleheadsview/2013/03/01/build-your-own-annuity/#7361aacb7ba3 Excell...
by Tracyfaa
Sat May 27, 2017 10:33 am
Forum: Investing - Help with Personal Investments
Topic: EE and I Bonds
Replies: 44
Views: 6044

Re: EE and I Bonds

Treasury direct guarantees that EE bonds will either be worth face value in 20 years if paper or double in value in 20 years if electronic. That's roughly 3.5% compounded annually, as long as you go the full 20. https://www.treasurydirect.gov/indiv/research/indepth/ebonds/res_e_bonds_eeratesandterms...
by Tracyfaa
Sat May 27, 2017 9:43 am
Forum: Investing - Help with Personal Investments
Topic: New to the forum and retiring this fall
Replies: 55
Views: 7747

Re: New to the forum and retiring this fall

fundseeker wrote:Just curious, but under FERS at 32.5 years, wouldn't you be at approximately 46.5% (1.7% x 20 = 34%) + (1% x 12.5 years = 12.5%) of your high three? And if so, your pension will be more than $100k? ATCs must get paid very well.
Only at the busiest and most conplex facilities.
by Tracyfaa
Sat May 27, 2017 9:37 am
Forum: Investing - Help with Personal Investments
Topic: New to the forum and retiring this fall
Replies: 55
Views: 7747

Re: New to the forum and retiring this fall

Sorry to be pedantic, but you're still not posting in the preferred format and editing the first post of your thread to keep it all in one place. This extra work on your part, to get ALL the information together in one post (the first post) allows members to easily see your entire financial picture...
by Tracyfaa
Sat May 27, 2017 7:15 am
Forum: Investing - Help with Personal Investments
Topic: New to the forum and retiring this fall
Replies: 55
Views: 7747

Re: New to the forum and retiring this fall

Hi all, here's an update: Mortgage: 3.125 APR, 238,000 remains, pmt is 1690/mo but we pay 1800. Can pay more. Wife IRAs: Traditional FDRXX $4323 FCNTX $31728 FBALX $23839 FLVCX $27546 FSPCX $20912 FEXPX $23365 FDVLX $26184 Roth FSLCX $15052 VIGAX $75096 non-retirement NYVTX $90697 VGHCX $47512 VFINX...
by Tracyfaa
Wed May 24, 2017 11:38 am
Forum: Investing - Help with Personal Investments
Topic: New to the forum and retiring this fall
Replies: 55
Views: 7747

Re: New to the forum and retiring this fall

Welcome to Bogleheads! About the mortgage with the 3.125% APR - what is the remaining balance, and would it be possible to pay off a large chunk of it, or even the entire amount? Any specific college funds such as a 529 plan for your soon-to-be-eighth-grade son, or do you plan to cash-flow his educ...
by Tracyfaa
Wed May 24, 2017 11:32 am
Forum: Investing - Help with Personal Investments
Topic: New to the forum and retiring this fall
Replies: 55
Views: 7747

Re: New to the forum and retiring this fall

I'll be in your exact spot in 2 years. So I'm very interested in the replies you get from your post. One thing I would like to add to all of the above so far is to take your time doing this. I've heard honor stories from former co workers about moving 100% of their TSP into an IRA (because of the w...
by Tracyfaa
Wed May 24, 2017 7:34 am
Forum: Investing - Help with Personal Investments
Topic: New to the forum and retiring this fall
Replies: 55
Views: 7747

Re: New to the forum and retiring this fall

Thanks! off the top of my head SS statement says about $3000/mo at 70. Wife hasn't worked since 2003, and I can't remember for sure what her statement indicates. Not as much, but still worth looking at. What have you done with your TSP? I have not touched it; I've been retired almost 2 years. My hu...
by Tracyfaa
Tue May 23, 2017 8:12 pm
Forum: Investing - Help with Personal Investments
Topic: New to the forum and retiring this fall
Replies: 55
Views: 7747

Re: New to the forum and retiring this fall

Thanks! off the top of my head SS statement says about $3000/mo at 70. Wife hasn't worked since 2003, and I can't remember for sure what her statement indicates. Not as much, but still worth looking at. What have you done with your TSP? I have not touched it; I've been retired almost 2 years. My hu...