Search found 121 matches

by Cop51
Mon Dec 03, 2018 2:42 am
Forum: Personal Consumer Issues
Topic: declining employer benefits?
Replies: 36
Views: 3973

Re: declining employer benefits?

We get 25% of the premium cost up to $5000 for declining the healthcare/Rx/dental.
by Cop51
Fri Nov 02, 2018 10:04 am
Forum: Investing - Help with Personal Investments
Topic: 401k has high fees
Replies: 15
Views: 1098

Re: 401k has high fees

Do not use your ROTH IRA for bonds. You want this to be equities for the benefit of no taxes on the higher account at 59.5.
by Cop51
Sun Oct 14, 2018 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: Non-profit investing
Replies: 5
Views: 333

Re: Non-profit investing

It’s a Ferternal Order of Police Lodge and we have non-profit status. Unknow of the exact kind. As far as bylaws we don’t have specifics for investments. We can do investments without them, but would probably add them to cover investments in the bylaws prior to doing this.
by Cop51
Sun Oct 14, 2018 2:40 pm
Forum: Investing - Help with Personal Investments
Topic: Non-profit investing
Replies: 5
Views: 333

Non-profit investing

Our police union with less then 100 members is looking to start an investment account. I have several concerns reguarding how to set it up. 1. Is just a regular brokerage account in our organizations name the best option or is their some special account for non-profits? Taxes on capital gains? Well ...
by Cop51
Mon Oct 08, 2018 3:47 am
Forum: Investing - Theory, News & General
Topic: Why does Vanguard reccomend 60:40 US:International ratio?
Replies: 52
Views: 7844

Re: Why does Vanguard reccomend 60:40 US:International ratio?

I’m satisfied with my 20% international. It’s enough skin in the game to feel the impact either way but not make or break my portfolio.
by Cop51
Sun Oct 07, 2018 1:49 am
Forum: Personal Finance (Not Investing)
Topic: Mechanics of running a one-person S-corp without an accountant
Replies: 7
Views: 877

Re: Mechanics of running a one-person S-corp without an accountant

Someone just posted about this yesterday. The thread can’t be to far back. Was a helpful one.
by Cop51
Sun Oct 07, 2018 1:36 am
Forum: Personal Finance (Not Investing)
Topic: What is your annual cost for health insurance?
Replies: 137
Views: 10110

Re: What is your annual cost for health insurance?

28,000 for “gold” level healthcare
I pay $9,700 for family plan a year with Rx and dental
$250/$500 individual/family deductible
$1,000/$2,000 Out of pocket max
Unlimited yearly coverage.
by Cop51
Sat Oct 06, 2018 5:48 am
Forum: Personal Finance (Not Investing)
Topic: can i start a private investment firm?
Replies: 70
Views: 5293

Re: can i start a private investment firm?

Sounds like this guy invested in cryptocurrency and now thinks he’s a financial guru. I’d be surprised if he was over the age 25 with his writing style.
by Cop51
Sat Sep 08, 2018 7:01 am
Forum: Personal Consumer Issues
Topic: Building a web site-how to, costs?
Replies: 13
Views: 856

Re: Building a web site-how to, costs?

I think like 30% of websites are Wordpress themes. I myself am trying to build a website. The cost is minimal. $200 bucks a year can keep a site up and running. Adding e-commerce could cost slightly more. Wordpress can be a little tricky figuring out if you’re a total newbie. Plenty of YouTube video...
by Cop51
Sat Sep 08, 2018 6:49 am
Forum: Personal Consumer Issues
Topic: Your Favorite [Travel Destination] on Earth: Where and Why?
Replies: 155
Views: 16786

Re: Your Favorite [Travel Destination] on Earth: Where and Why?

Bora Bora was the most fabulous place on earth. I’ve been to a majority of Caribbean and various Mexico locations. Nothing compares to it. I loved the city of Positano Italy but the locations fall in different categories for me.
by Cop51
Sat Sep 08, 2018 6:47 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Allocation advice for new boglehead
Replies: 12
Views: 965

Re: Portfolio Allocation advice for new boglehead

You are certainly off to an excellent start just sometimes things happen in the markets that you can’t control. You have a plan which that alone is more than the majority. Stick to it and when you come 1-2 years out you’ll have a better picture where you stand and can reevaluate it.
by Cop51
Fri Sep 07, 2018 7:14 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Allocation advice for new boglehead
Replies: 12
Views: 965

Re: Portfolio Allocation advice for new boglehead

People have so many different oppinions on what being FI means. I think people need to be clear. For one person it might be I don’t have to work. For another it might mean working part time. Another would be just having the ability to quit your current high pay job whenever you want bc you don’t nee...
by Cop51
Wed Aug 29, 2018 9:18 am
Forum: Investing - Theory, News & General
Topic: Pensions and retirement savings rate
Replies: 30
Views: 2635

Re: Pensions and retirement savings rate

I pay 10% pension as well. When I started the job 10 years ago i was going 10% +2% into a 457. Every year when I got a raise I added 1%. It came to a point when I was getting a raise and didn't need to money for living expenses and increased both my 457 and ROTH to the IRA limits. Doing an additiona...
by Cop51
Wed Aug 29, 2018 9:13 am
Forum: Investing - Help with Personal Investments
Topic: Retired Cop/Wannabe Boglehead Needs a Bit of Help
Replies: 16
Views: 1701

Re: Retired Cop/Wannabe Boglehead Needs a Bit of Help

I always say you do what you're comfortable with. If 60/40 makes you comfortable, and you don't need to take the extra risk for the higher return because your pension is covering all your living expenses then keep it 60/40. The only thing to consider is, is your Pension COLA adjusted or fixed. If fi...
by Cop51
Tue Aug 28, 2018 7:47 pm
Forum: Investing - Help with Personal Investments
Topic: Where to put 6 figs cash before investing (to minimize income)
Replies: 7
Views: 905

Re: Where to put 6 figs cash before investing (to minimize income)

If its only 1-2 months I would do nothing and leave it there, or transfer to my money market account until I was ready.
by Cop51
Sun Aug 26, 2018 4:19 am
Forum: Investing - Help with Personal Investments
Topic: Take pension immediately upon retirement, or use 457 funds?
Replies: 36
Views: 1732

Re: Take pension immediately upon retirement, or use 457 funds?

Man. I thought my pension plan was good paying 65% of my final salary after 25 years of service regardless of age!
by Cop51
Thu Aug 23, 2018 1:33 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with cash in this market?
Replies: 34
Views: 3374

Re: What to do with cash in this market?

The best time to make an investment is today and the second best time to make an investment was yesterday.
by Cop51
Thu Aug 23, 2018 10:03 am
Forum: Investing - Help with Personal Investments
Topic: Include Bonds in Portfolio?
Replies: 19
Views: 2047

Re: Include Bonds in Portfolio?

32 y/o and I am 100% equities with 80/20 US To International AA. I have a significant pension that makes up 50-70% of my current income at retirement age depending on how long I stay working. Having this pension is my main reason for being 100% equities. I unknowing timed the stock market when I sta...
by Cop51
Mon Aug 20, 2018 7:00 pm
Forum: Personal Consumer Issues
Topic: I saved $3,200 on a $23,500 car with minimal stress.
Replies: 45
Views: 6177

Re: I saved $3,200 on a $23,500 car with minimal stress.

I’ve done exactly this with my 14 Subaru Crosstrek. I financed at 1.9% when I purchased it and also had my auto loan calculator up with the amortization schedule to make sure I wasn’t getting ripped off on the finance end. We were off by .20 a month so I called that right on. I worked at a car deale...
by Cop51
Mon Aug 20, 2018 9:01 am
Forum: Personal Consumer Issues
Topic: My son was scammed on Craigslist- how to get money back
Replies: 46
Views: 7707

Re: My son was scammed on Craigslist- how to get money back

Several people saying contact the FBI is probably not the best option. I’ve handled these cases before and they often lead you to a dead end. The local police can handle this. That being said if you go to the local police and it’s a 100 man police department generally they can help you. If you’re wa...
by Cop51
Mon Aug 20, 2018 8:45 am
Forum: Personal Consumer Issues
Topic: No advance notice to employer
Replies: 42
Views: 4202

Re: No advance notice to employer

I believe we need to give 3-6 months notice to retire from the police department just because it takes time to varify pension records and service credit. We can always start the process and then say no we’re going to stay.
by Cop51
Sun Aug 19, 2018 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Fixed Income in Fidelity Roth IRA
Replies: 5
Views: 499

Re: Fixed Income in Fidelity Roth IRA

A RothIRA account is great for the highest possible risk investment you are willing to take since any and all gains you make will be tax free when the time comes, so trying to load your rothIRA with your low risk part of the investment AA is not a good choice, low risk choices like CDs, Money Marke...
by Cop51
Fri Aug 17, 2018 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: Total Stock and Total Bond Market(s) at Vanguard
Replies: 29
Views: 4839

Re: Total Stock and Total Bond Market(s) at Vanguard

I tilt 5% Small cap 5% REIT for my equity portion.
by Cop51
Thu Aug 16, 2018 1:49 am
Forum: Investing - Help with Personal Investments
Topic: High tax bracket - Go 100% Roth in tax advantaged?
Replies: 47
Views: 4192

Re: High tax bracket - Go 100% Roth in tax advantaged?

I didn’t run numbers or projections but withdrawing at 59.5 gives your 11 years to withdraw prior to RMD kicking in. With that income I would also be looking to retire early. Early as the very latest 59.5 or 55 if you retire from your employer which holds your 401k so you don’t pay any penalty. He’s...
by Cop51
Wed Aug 15, 2018 9:07 am
Forum: Investing - Help with Personal Investments
Topic: Assistance with simplicity and asset allocation, in mid-20s
Replies: 10
Views: 907

Re: Assistance with simplicity and asset allocation, in mid-20s

I am a government employee and don’t have a 401k I have a pension but we offer a 457 plan. Ask if your employer offers 457 or a 403 account. Sounds like you have a lot of cash. I’d that earmarked for maybe a home purchase? If so that’s fine. If not that’s a lot of cash sitting in sidelines. But you’...
by Cop51
Wed Aug 15, 2018 8:50 am
Forum: Investing - Help with Personal Investments
Topic: Wife got a new job! Please evaluate my portfolio...
Replies: 24
Views: 2102

Re: Wife got a new job! Please evaluate my portfolio...

My equities are 70% Total stock market 20% Total international 5% REIT 5% Small cap. It’s my plan and what I stuck too. As far as your pension definitely stay 6 more years for the 70%. Staying longer for the extra 5% May or may not be worth it. I also will have a pension and I see my pension as my b...
by Cop51
Mon Aug 13, 2018 1:07 am
Forum: Investing - Help with Personal Investments
Topic: Best placement for Small Cap Value? Taxable, Roth or 403b7?
Replies: 21
Views: 1547

Re: Best placement for Small Cap Value? Taxable, Roth or 403b7?

Most advice you get here is you probably shouldn’t even have a taxable account unless you’re maxing out the 18,500 in 403b and the ROTH 5500 for both you and spouse if married. That being said ROTH would be the best place to put them vs 403b.
by Cop51
Mon Aug 13, 2018 12:54 am
Forum: Investing - Help with Personal Investments
Topic: Small business owner, mid 30s, doing great, clueless with investments
Replies: 22
Views: 2192

Re: Small business owner, mid 30s, doing great, clueless with investments

Do you have any other W-2 employees? You can really take advantage of the solo 401k max contributions of $55,500. Something to look in to.
by Cop51
Sun Aug 12, 2018 12:54 am
Forum: Investing - Help with Personal Investments
Topic: Just starting out, need some feedback
Replies: 12
Views: 1056

Re: Just starting out, need some feedback

IMO, that’s a high bond allocation for 26 years old. I was still 100% stocks in my 401k at 30. I agree. Right now you’re starting at $0 so going 100% equities isn’t going to hurt at all. Educate yourself some more and read a few books and within a year or so you should feel comfortable with 100% eq...
by Cop51
Sat Aug 11, 2018 7:24 pm
Forum: Investing - Theory, News & General
Topic: The Bigger Story: Fidelity Expense Ratios
Replies: 98
Views: 11023

Re: The Bigger Story: Fidelity Expense Ratios

What is most striking about that table is that the Vanguard fees are for Admiral class funds w/ $10k minimums, while the Fidelity funds and fees are for the very first dollar of investment. For new investors, I don't see how you wouldn't recommend Fidelity now. I agree with this specifically. Right...
by Cop51
Sat Aug 11, 2018 1:30 am
Forum: Investing - Help with Personal Investments
Topic: Brokerage Account for Minor
Replies: 28
Views: 2096

Re: Brokerage Account for Minor

Not sure I want to lock up her money until Age 59 (or at least not all of it). Is the only advantage of doing Roth vs. just a straight brokerage account as follows?... PROS: - No tax on earnings CONS: - Limited to only this years earned income account - Can't touch it for 40+ years She can withdraw...
by Cop51
Sat Aug 11, 2018 1:21 am
Forum: Personal Finance (Not Investing)
Topic: PMI at 80% question
Replies: 7
Views: 702

Re: PMI at 80% question

I ran into an issue a few years ago. the bank said reguardleas of the home equity and how much I paid down on original purchase price they would only drop PMI after 5 years in the home if it met the qualifications.
by Cop51
Fri Aug 10, 2018 8:45 am
Forum: Investing - Help with Personal Investments
Topic: Lazy Investment Porfolio Help
Replies: 17
Views: 1836

Re: Lazy Investment Porfolio Help

Continue what you can to get the max contribution from the employer match. After that contribute up to the $5500 into the ROTH IRA. If you still have money to invest go back to your 401k to add more to that. At far as the extra 5% in cash. You'll want 3-6 months cash emergency fund. Are you saving f...
by Cop51
Fri Aug 10, 2018 8:30 am
Forum: Personal Consumer Issues
Topic: Grind and Brew Coffee Makers - worth it?
Replies: 39
Views: 3518

Re: Grind and Brew Coffee Makers - worth it?

Jura A1 is what I have for about a year. My brother has the Jura E9 which has a milk container for lattes. A1 does just coffee or espresso.
by Cop51
Fri Aug 10, 2018 8:19 am
Forum: Investing - Theory, News & General
Topic: Offering 401k Advice to my coworkers?
Replies: 36
Views: 3560

Re: Offering 401k Advice to my coworkers?

I suggest a few things to co-works. I say select a target date fund and put 100% of your contributions into it. Every year when you get a raise add 1% to your contributions. I say leave it here until you know what your are doing, or someone you know is willing to help you (friend, family member). Av...
by Cop51
Fri Aug 10, 2018 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Saving for a downpayment on a house. Help?!
Replies: 15
Views: 1098

Re: Saving for a downpayment on a house. Help?!

Depending on the saving account interest rate yes it could be your best place. If its a low interest .05% you can open a high interest savings, or Money Market account (Ally, Capital One) getting around 2% interest on the money. I would put the money no where else if it was me. This is a short term ...
by Cop51
Mon Aug 06, 2018 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: Another CD Ladder Thread
Replies: 27
Views: 2735

Re: Another CD Ladder Thread

My idea of a CD ladder is I buy them in 1,2,3,4,5 years and 6 months later 1,2,3,4,5 years. Every 6 months I buy a 5 year CD regardless of rates. I just keep it going and don’t market time rates or anything.
by Cop51
Mon Aug 06, 2018 2:04 pm
Forum: Investing - Theory, News & General
Topic: How do you think about your mortgage in relation to your stock/bond portfolio?
Replies: 32
Views: 2638

Re: How do you think about your mortgage in relation to your stock/bond portfolio?

Mike Scott wrote:
Sat Aug 04, 2018 4:25 pm
Our mortgage means that we have a place to live. We don't plan to sell it to get money back out of it so it really has nothing to do with retirement or investment plans.
Well said. Exactly how I look at it. I just want back what I paid for it 15+ years from now and hopefully I’ll get more.
by Cop51
Mon Aug 06, 2018 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: understanding term life industry
Replies: 3
Views: 333

Re: understanding term life industry

The agent fee is built into the price of the policy and although you may find a company that you can go directly through them vs an agent you will generally find it to be the same price. Just more money for the company. I used term 4 sale about a year ago. No issues. If anything you have an agent yo...
by Cop51
Mon Aug 06, 2018 6:53 am
Forum: Personal Finance (Not Investing)
Topic: My Credit Card Rewards Strategy
Replies: 28
Views: 2784

Re: My Credit Card Rewards Strategy

I try to keep it simple. Chase SR for everything and chase freedom for the 5% quarter bonus. Then I roll the chase freedom points to the chase SR card for the increase in travel purchase through chase. Some will even say that’s to complicated.
by Cop51
Sun Aug 05, 2018 7:04 pm
Forum: Personal Consumer Issues
Topic: Nespresso?
Replies: 103
Views: 8612

Re: Nespresso?

I have a Jura A1 and it’s a fabulous machine. I buy whole beans from a local food market and it makes excellent coffee. Can’t find a coffee shop that makes coffee comparable to my Jura at home.
by Cop51
Sun Aug 05, 2018 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Is it worth getting BA after 16 years? Or should I go for certificate programs?
Replies: 10
Views: 1235

Re: Is it worth getting BA after 16 years? Or should I go for certificate programs?

You can also look into a certificate program that would count towards the BA degree if you moved forward with that. I finished my BA online at Thomas Edison State College. Now called Thomas Edison State Univisety (NJ). About 3 years online taking 6-8 courses a year which probable cost around $20,000...
by Cop51
Sun Aug 05, 2018 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Dear BH, what are non-BH [financial] actions you do?
Replies: 71
Views: 4969

Re: Dear BH, what are non-BH actions you do?

Im a police officer on the road at work and my wife is a physical therapist that does home care so we are both buying lunch out a lot during working hours. We don’t have that office or microwave to pack lunch or heat up left overs. It adds up but could be the first thing we cut back in if we needed ...
by Cop51
Sun Aug 05, 2018 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 16245

Re: Will you pay for your kids' college/graduate education?

For child 1 I started a 529 before he was born. Had about $2,000 in at birth. I put in $100 a month and probably all I’ll do for now. I also put in all gift money from family for birthdays and Christmas. Plan on child 2 in 1-2 years. I’ll wait until he/she is born to get a SS # put in $2,000 then se...
by Cop51
Sat Aug 04, 2018 7:39 am
Forum: Investing - Help with Personal Investments
Topic: What to do with too much cash?
Replies: 24
Views: 2914

Re: What to do with too much cash?

Maxing out 11k Roth and 37k for your 401k for you and your spouse is an extreme accomplishment. I would also consider taking advantage of HSA if available. From their with the cash it depends on your objective and goals. Paying down debt on the home is an option even if it’s good debt. Just do what ...
by Cop51
Sat Aug 04, 2018 6:18 am
Forum: Investing - Help with Personal Investments
Topic: $100k Liquid, 21, no college education
Replies: 25
Views: 2571

Re: $100k Liquid, 21, no college education

If the business is something that does not have a long term future, or something that someone may not find appealing bc you have no physical cridentals you may want to do local CC and or online college. You could sell the business or go out of business by 30 and now you’re eligible for a basic entry...
by Cop51
Wed Aug 01, 2018 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: 457 or taxable help!
Replies: 8
Views: 357

Re: 457 or taxable help!

I have a 457 and I’ve read somewhere on here but couldnt locate it for the exact numbers but even with high fees you’re still better to do 457 over taxable just for the tax advantage alone even with fees at 1% vs .04%.
by Cop51
Wed Aug 01, 2018 1:59 pm
Forum: Local Chapters and Bogleheads Community
Topic: New Jersey chapter needs new coordinator
Replies: 28
Views: 8513

Re: New Jersey chapter needs new coordinator

The best I would be willing to go is Union County area I have family there. I’m located outside LBI. Bergen County is a far ride for me.
by Cop51
Mon Jul 30, 2018 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Reserve travel insurance
Replies: 33
Views: 3743

Re: Chase Sapphire Reserve travel insurance

I had to cancel a flight due to being forced to work when I was previously scheduled off. I called and stated my case that did not qualify for reimbursement under cancellation policy. They said I could submit and application but I just ate the $300. I could have lied but wasn’t worth it. Why go thr...