Search found 146 matches

by Johnsson
Tue Nov 13, 2018 6:03 pm
Forum: Personal Consumer Issues
Topic: HVAC contractor swapped the furnace
Replies: 7
Views: 1015

Re: HVAC contractor swapped the furnace

DO NOT CLOSE until the unit is changed or there is sufficient money held in escrow to make the change. It may be inconvenient now, but after settlement you have almost no leverage. Though nowhere near an expert, I agree with your assessment of the performance differences.
by Johnsson
Tue Nov 13, 2018 10:34 am
Forum: Investing - Help with Personal Investments
Topic: How much should Son and DIL put into Roth & Pre-tax 401k accounts...?
Replies: 21
Views: 1116

How much should Son and DIL put into Roth & Pre-tax 401k accounts...?

My son and DIL are starting their first post-military jobs. They are in late 20s. Each has 6% matching available. Income, he ~100k, her ~25k. Only std deduction (only 1600/mo apt as far as fixed bills). No kids yet. House in the next 2 years and they have the down payment. I have offered suggestions...
by Johnsson
Sun Nov 11, 2018 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Regrets from canceling whole life insurance policy - anyone out there?
Replies: 27
Views: 2954

Re: Regrets from canceling whole life insurance policy - anyone out there?

Bought a policy in 1984 from a 'friend'. Received Christmas cards each year until we cancelled it in early 2000s after losing money for years... and invested it in mutual fund. Stopped getting Christmas cards. One of my smarter decisions.
by Johnsson
Sun Nov 11, 2018 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Doing taxes by hand
Replies: 83
Views: 4803

Re: Doing taxes by hand

I did my by hand for 30 years, then went to Turbotax a few years ago. Had to amend my DD's return for missed income... tried to do it by hand w/the instructions (it should have been simple!!) and could not get the numbers to work. Plugged the whole thing into Turbotax and it worked fine. Point being...
by Johnsson
Fri Nov 09, 2018 7:02 pm
Forum: Investing - Theory, News & General
Topic: Would you still jump if you were ready, then the market dropped 50%??
Replies: 40
Views: 4615

Re: Would you still jump if you were ready, then the market dropped 50%??

Yes, we cannot be prepared for everything. But, if you are prepared for more than 10 years and you still have a problem, it is no longer a money problem. Do you have enough physical gold to get yourself to somewhere else? This is what I do. It is part of my plan. Finances/the numbers are one thing,...
by Johnsson
Thu Nov 08, 2018 4:06 pm
Forum: Investing - Theory, News & General
Topic: Would you still jump if you were ready, then the market dropped 50%??
Replies: 40
Views: 4615

Re: Would you still jump if you were ready, then the market dropped 50%??

Why use the word "should"? Can your fixed income portion support at least 5 years of expense? 10 years? 20 years? I had been through many recessions/economy crisis. "Should" is not good enough for me to "Sleep Well At Night" (SWAN). In my opinion, if you are retiring, your fixed income portion shou...
by Johnsson
Thu Nov 08, 2018 7:40 am
Forum: Investing - Theory, News & General
Topic: Would you still jump if you were ready, then the market dropped 50%??
Replies: 40
Views: 4615

Would you still jump if you were ready, then the market dropped 50%??

Have this thought now and again. We're planning to walk away in ~ 2 years and this is something I'm trying to come to grips with now. With a 55/45 AA we should should have enough to weather most storms. I think I would still jump (with wobbly knees). What would you do? Better yet, did this happen to...
by Johnsson
Wed Nov 07, 2018 1:09 pm
Forum: Personal Consumer Issues
Topic: cost to rebuild hvac return in crawl space
Replies: 8
Views: 828

Re: cost to rebuild hvac return in crawl space

How about this...? https://www.homedepot.com/p/Water-Based ... /100396973

If the current setup functions, maybe some quality time in the crawl space can seal up the leaks and fix your problem for under $20. I used it to seal some air ducting and it works well.
by Johnsson
Wed Nov 07, 2018 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Ophthalmologist - Cornea Specialty... Best type of practice??
Replies: 8
Views: 1032

Re: Ophthalmologist - Cornea Specialty... Best type of practice??

Thank you all for your thoughts. Can I assume a private practice would be the best place to end, financially? Are people typically hired by such a group or do you buy in as a partner? Which is most common? If working for a university hospital, is the opportunity for higher income still there or is i...
by Johnsson
Tue Nov 06, 2018 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Ophthalmologist - Cornea Specialty... Best type of practice??
Replies: 8
Views: 1032

Ophthalmologist - Cornea Specialty... Best type of practice??

Hi folks. Hopefully there are some Ophthalmologists on this board. Asking this for DD in 2nd year of Ophtho residency. Thinking of Cornea (for quality of life) fellowship... Any suggestion for best fellowship programs? Also, and most importantly... What is the best type of practice to enter into out...
by Johnsson
Mon Nov 05, 2018 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Alliant Visa [credit card]
Replies: 20
Views: 1696

Re: Alliant Visa

Need to obtain a loan from them 1st (as stated on their website)?
by Johnsson
Mon Nov 05, 2018 12:47 pm
Forum: Investing - Theory, News & General
Topic: How to know if you’re “On Track”?
Replies: 13
Views: 2099

Re: How to know if you’re “On Track”?

https://www.firecalc.com/

Make sure you complete all the tabs across the top.
by Johnsson
Sun Nov 04, 2018 8:21 am
Forum: Personal Finance (Not Investing)
Topic: help this RN negotiate job change
Replies: 28
Views: 2875

Re: help this RN negotiate job change

If you move, it might be worth flexing in the old place for a few months to keep your seniority intact just in case the new place isn't all you're expecting (so you can go back if you wish).
by Johnsson
Sat Nov 03, 2018 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: help this RN negotiate job change
Replies: 28
Views: 2875

Re: help this RN negotiate job change

I work as an RN at a similar establishment. Bonuses/incentives come and go based on the current flux of employees. You could move and the extra money could disappear in 6 months. RN's are treated as a commodity. Don't expect that pay to be long-term.
by Johnsson
Sat Nov 03, 2018 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: What FIRE says to me [Financial Independence, Retire Early]
Replies: 10
Views: 1114

Re: What FIRE says to me

We all work for a purpose. Whether it's to trudging to work to earn a living/provide for your family or dancing from challenge to challenge, a career is what we all make of it, That's certainly a personal choice (or rather a series of many personal choices). While our children were involved in many ...
by Johnsson
Tue Oct 30, 2018 11:59 am
Forum: Investing - Theory, News & General
Topic: Should we discourage the bond tent?
Replies: 53
Views: 4148

Re: Should we discourage the bond tent?

I have no pension and don't plan to start SS until age 70 so all my living expenses for the first 10 years of retirement have to come from my portfolio. I set my bond allocation at the start of retirement based on the concept of a liability matching portfolio. I put ~30 years of minimal living expe...
by Johnsson
Mon Oct 29, 2018 5:30 pm
Forum: Personal Consumer Issues
Topic: Ancestry DNA changed my background
Replies: 32
Views: 4388

Re: Ancestry DNA changed my background

Mine and DW's did as well... similar to yours (for us it's the 3rd time). The new one makes more sense.
by Johnsson
Mon Oct 29, 2018 11:38 am
Forum: Personal Consumer Issues
Topic: Vehicle to vacation w/dogs (staying in hotels/VRBOs)
Replies: 32
Views: 2464

Re: Vehicle to vacation w/dogs (staying in hotels/VRBOs)

OP here. Does anyone know of any vehicle that would be a cross between an SUV and a Class-B (more SUV than class B)? Something a little bigger/more than a typical SUV with some RV type features in case you want to sleep one night not in a hotel (or want features such as a back up generator with A/C)...
by Johnsson
Tue Oct 23, 2018 3:33 pm
Forum: Personal Consumer Issues
Topic: Vehicle to vacation w/dogs (staying in hotels/VRBOs)
Replies: 32
Views: 2464

Vehicle to vacation w/dogs (staying in hotels/VRBOs)

Still working on a plan to retire with dogs. May be looking for something that doesn't exist. Traveling is the conundrum. We'd rather not leave them home but also don't want them waiting for us in a hot car when we're at an attraction or meal that doesn't allow dogs. Any vehicles (not an RV) we coul...
by Johnsson
Tue Oct 23, 2018 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: When Will Attaining Millionaire Status Be Obsolete?
Replies: 77
Views: 4814

Re: When Will Attaining Millionaire Status Be Obsolete?

It will become insignificant only when it becomes a much more common event.
by Johnsson
Mon Oct 22, 2018 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: WWYD, OMY? Portfolio, Do we have enough?
Replies: 14
Views: 1323

Re: What would you do, hoping for final year or work.

The real estate yield can't be beat. We are successful at it and would buy more in the right situation. My older mentors all have RE and one of them is still buying. If need be we can sell as we get older. We could also mortgage them a 2nd time if money were needed down the road. I agree that retur...
by Johnsson
Mon Oct 22, 2018 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: WWYD, OMY? Portfolio, Do we have enough?
Replies: 14
Views: 1323

Re: What would you do, hoping for final year or work.

What *I* would do. Sell all the rental properties, then retire. Agreed. We're both 57 and are working on selling ours (we've had them for almost 30 yrs). While the investment/income may make sense, I believe the overall aggravation/risk (from the myriad of tenant related issues) will only become mo...
by Johnsson
Fri Oct 12, 2018 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Home Purchase - Sellers Request Help with Repairs
Replies: 69
Views: 3199

Re: Home Purchase - Sellers Request Help with Repairs

How, exactly, is this 'willful neglect?' If nothing is backing up into the house, and it took an inspection and a specialist on-site to determine that there were problems with parts of the system buried underground, it is not at all surprising that the owners were unaware. If you are looking for a ...
by Johnsson
Thu Oct 04, 2018 9:36 am
Forum: Investing - Help with Personal Investments
Topic: Yet Another "Can I Retire Yet" Thread
Replies: 40
Views: 4853

Re: Yet Another "Can I Retire Yet" Thread

If you have enough equity in 'safe' assets to bridge an expected bad sequence of returns you will be fine. If that equity bridge can span into the time you can begin to take social security (and/or pensions) so much the better...
by Johnsson
Sun Sep 30, 2018 6:01 pm
Forum: Investing - Theory, News & General
Topic: Moneytalk with Bob Brinker coming to an end
Replies: 70
Views: 10370

Re: Moneytalk with Bob Brinker coming to an end

Correct... nothing new. Maybe it was his intent to continue with his newsletter?
by Johnsson
Sun Sep 23, 2018 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Considering Quitting Job - Seeking Advice. Would you do it?
Replies: 157
Views: 13116

Re: Considering Quitting Job - Seeking Advice. Would you do it?

Great thread! One thing I'd like to add is realated to OPs concerncern about his children. You are planning to allocate significant funds towards their well-being throught life. I believe that your time at home, focused on helping your children successfully launch (in whatever capacities they are ca...
by Johnsson
Sat Sep 15, 2018 12:28 pm
Forum: Investing - Help with Personal Investments
Topic: Mom has retired and I need to help
Replies: 12
Views: 2166

Re: Mom has retired and I need to help

If all her needs are covered by fixed income her allocation can be driven by her desire for risk. I personally would not go below 40% or over 70% equity. Appropriate, low-cost funds and complexity can be found here... https://www.bogleheads.org/wiki/Three-fund_portfolio For a single fund I'd prefer....
by Johnsson
Sat Sep 15, 2018 11:06 am
Forum: Investing - Theory, News & General
Topic: Pension alternatives
Replies: 41
Views: 3360

Re: Pension alternatives

We've had rentals for ~30 years. We've always had a manager (I learned young, managing my parents rentals that I did no want to do it myself). Our returns have been similar to yours. We're now 57 and planning to sell what we have. Even with a manager there's always a problem around the next corner (...
by Johnsson
Tue Sep 11, 2018 10:18 am
Forum: Investing - Help with Personal Investments
Topic: Is it worth doing a small Roth conversion now?
Replies: 16
Views: 1125

Re: Is it worth doing a small Roth conversion now?

To beat a dead horse (and understand the ground rules for my planning)... ----------------- In 2018 DW and I have created our Roth IRAs. If in 2021 (after FIRE) we roll over $200k into the Roth accounts, we will be able draw from principle AND income in those Roth accounts on January 1, 2023 (when w...
by Johnsson
Sun Sep 09, 2018 9:32 am
Forum: Investing - Help with Personal Investments
Topic: Is it worth doing a small Roth conversion now?
Replies: 16
Views: 1125

Re: Is it worth doing a small Roth conversion now?

Being financially astute and proactive, DW did it as well!!! :wink:
by Johnsson
Sun Sep 09, 2018 9:10 am
Forum: Investing - Help with Personal Investments
Topic: Is it worth doing a small Roth conversion now?
Replies: 16
Views: 1125

Re: Is it worth doing a small Roth conversion now?

Done!! or, I guess it'll be done on Monday.

$500 to VMMXX in my new Roth account. We'll see if it's allowed since there's a $3,000 minimum.

Thank you all!!
by Johnsson
Sun Sep 09, 2018 8:51 am
Forum: Investing - Help with Personal Investments
Topic: Is it worth doing a small Roth conversion now?
Replies: 16
Views: 1125

Re: Is it worth doing a small Roth conversion now?

So, it sounds like I should do it in my IRA instead... now. I'd be paying 24% federal taxes on the conversion to do it in my IRA, does it matter how small the conversion is to start the clock? $500? Then when I roll-over 401ks at FIRE and do a conversion the clock will have been ticking for 2.5 years.
by Johnsson
Sun Sep 09, 2018 8:44 am
Forum: Investing - Help with Personal Investments
Topic: Is it worth doing a small Roth conversion now?
Replies: 16
Views: 1125

Re: Is it worth doing a small Roth conversion now?

I was hoping to transfer the 401ks upon retirement to the IRA for simplicity.

The easiest would be... Shift contributions w/in my 401k to create the Roth and roll-over into our IRA at FIRE. However, would the roll-over start a new clock in my IRA?
by Johnsson
Sun Sep 09, 2018 7:03 am
Forum: Investing - Help with Personal Investments
Topic: Is it worth doing a small Roth conversion now?
Replies: 16
Views: 1125

Is it worth doing a small Roth conversion now?

DW and I have never contributed to a Roth. We're hoping to FIRE at the beginning of 2021 at the age of 59. Running i-ORP it is telling us to make a ~$200K Roth conversion during the 1st year of retirement, then spend from the Roth and taxable over the next 5 years (until Medicare)... keeping income ...
by Johnsson
Mon Sep 03, 2018 4:58 pm
Forum: Investing - Help with Personal Investments
Topic: Long term safe-asset plan (not long-term bonds) make sense...?
Replies: 7
Views: 784

Re: Long term safe-asset plan (not long-term bonds) make sense...?

I've been thinking about this for quite a while and continue to think. ----------------------------------- Stay with my plan, gliding to 50/50 (above) ,or... Continue to balance to 60/40 (instead of gliding to 50/50) with 6 years of CD ladder and 9 years of VSIGX (Vanguard Intmdt-Term Trs Idx Admira...
by Johnsson
Mon Sep 03, 2018 10:12 am
Forum: Investing - Help with Personal Investments
Topic: Long term safe-asset plan (not long-term bonds) make sense...?
Replies: 7
Views: 784

Re: Long term safe-asset plan (not long-term bonds) make sense...?

What does you overall asset allocation look like? What is your age? How long to retirement if not yet retired? Withdrawal rate? DW and I are currently 57 and plan to retire at the end of 2020. We are currently 60/40 and will be adding ~10% to the bond/safe side as I build the CD ladder. We SHOULD r...
by Johnsson
Sun Sep 02, 2018 4:34 pm
Forum: Investing - Help with Personal Investments
Topic: Long term safe-asset plan (not long-term bonds) make sense...?
Replies: 7
Views: 784

Long term safe-asset plan (not long-term bonds) make sense...?

I have read many threads about how people slice and dice their safe assets and have been trying to come up with one that feels right for me. My latest thought have been to break up our safe investments as follows... 6 years of basic living expenses in a CD ladder. 13 years of basic living expenses s...
by Johnsson
Mon Aug 27, 2018 9:48 am
Forum: Personal Consumer Issues
Topic: VRBO (or equiv) or RV to see America?
Replies: 12
Views: 1506

Re: VRBO (or equiv) or RV to see America?

This is why spouse is afraid to rent an RV. We'd probably get it right after you. :D I would plan to buy the RV as our concerns for renting would be similar to your wife's plus the expense of renting. I believe we could purchase an RV (new or lightly used), use it for ~5 years (or less) and sell it...
by Johnsson
Sun Aug 26, 2018 7:13 am
Forum: Personal Consumer Issues
Topic: VRBO (or equiv) or RV to see America?
Replies: 12
Views: 1506

Re: VRBO (or equiv) or RV to see America?

I expect our sight seeing would be more towards the scenery/parks rather than the cities... that's why I'm thinking RV. I know the pets will cramp our style a bit but think it's worth it. Would have an RV with A/C and a generator for short trips into store/restaurants. Pet sitting services/kennel at...
by Johnsson
Sat Aug 25, 2018 5:12 pm
Forum: Personal Consumer Issues
Topic: VRBO (or equiv) or RV to see America?
Replies: 12
Views: 1506

VRBO (or equiv) or RV to see America?

DW and I are planning to see the country, with our 2 dogs , in one month long excursions (3 or 4 a year) starting in 2-3 years, assuming FIRE. I've scoured the RV postings and think that is the way to go (in a larger class b or smaller class c... probably in an LTV or Pleasureway). DW would prefer t...
by Johnsson
Fri Aug 17, 2018 11:57 am
Forum: Investing - Help with Personal Investments
Topic: What are the cons of multi-family housing investments?
Replies: 4
Views: 646

Re: What are the cons of multi-family housing investments?

We had some multi-family units, years ago (1 & 2 bedrooms). We found that the people were more transient, causing higher tenant placement costs, maintenance from damage/painting/carpets and empty units while work was done and new tenants were found. We transitioned to double houses (similar to a tow...
by Johnsson
Tue Aug 14, 2018 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: Relocating/New Job - Feels Like a Good Time to Check In
Replies: 6
Views: 630

Re: Relocating/New Job - Feels Like a Good Time to Check In

Every time you or your spouse leave a job you should roll your 'old' 401k over into a self-directed IRA at the investment house of your choice (we use Vanguard), aggregating the old 401ks into two accounts (one rollover account for you and one for your spouse). Eventually you will end up with all yo...
by Johnsson
Sun Aug 12, 2018 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: How to invest ~$4mm for disabled-for-life 36-yo
Replies: 22
Views: 2874

Re: How to invest ~$4mm for disabled-for-life 36-yo

JBTX wrote:
Sun Aug 12, 2018 2:51 pm

Probably worth a conversation with an estate planning attorney who specializes in elder care.
+1
by Johnsson
Sun Aug 12, 2018 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: How to invest ~$4mm for disabled-for-life 36-yo
Replies: 22
Views: 2874

Re: How to invest ~$4mm for disabled-for-life 36-yo

I've personally seen younger folks living at CCRCs. While maybe not the desired demographic, a facility of this type should be well-equipped to provide support.

When residences are empty, money talks loudly (assuming the rules aren't being broken).
by Johnsson
Sun Aug 12, 2018 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: How to invest ~$4mm for disabled-for-life 36-yo
Replies: 22
Views: 2874

Re: How to invest ~$4mm for disabled-for-life 36-yo

Wow. I can understand why the parents need help. I think the first order of business is to address costs. With a current spend of $192k per year, that's a 4.8% draw rate... unsustainable... For someone of this age I think you're talking more like 2.5% draw rate, or $8333 a month (without an apartmen...
by Johnsson
Mon Jul 30, 2018 2:31 pm
Forum: Investing - Help with Personal Investments
Topic: Net worth of $3.7M at age 47 - can I retire?
Replies: 126
Views: 15019

Re: Net worth of $3.7M at age 47 - can we retire?

How much will healthcare be... added to the $150K?

With children at home I'd say 2.5 to 3%
by Johnsson
Wed Jul 25, 2018 7:28 am
Forum: Investing - Theory, News & General
Topic: "Money Talk" Radio Program with Bob Brinker
Replies: 33
Views: 4496

Re: "Money Talk" Radio Program with Bob Brinker

I listened and subscribed before the internet (and Bogleheads) because there were few good sources of information for the uninformed (me). He pointed me in the right direction and helped us get where we are today. Without him I would have had no idea what to do (in the late 80s early 90s). His newsl...
by Johnsson
Wed Jul 11, 2018 6:27 am
Forum: Investing - Help with Personal Investments
Topic: Transitioning from bond funds as retirement approaches?...
Replies: 6
Views: 1023

Re: Transitioning from bond funds as retirement approaches?...

Thank you for your suggestions. My concern is not the spending, it is the correct apportionment between the 3 vehicles as time goes on... Vanguard Prime (duration of zero) CDs (2 or 3 year) VFIDX and VBTLX (50/50... duration of 5.82 yrs) I'm looking to use these three to get the benefit of the inter...
by Johnsson
Mon Jul 09, 2018 8:02 am
Forum: Investing - Help with Personal Investments
Topic: Transitioning from bond funds as retirement approaches?...
Replies: 6
Views: 1023

Transitioning from bond funds as retirement approaches?...

Hi folks. For better or worse over the last 3 years we transitioned from 100% equities, working towards 60E/40B with the bonds split evenly between VBTLX (Vanguard total bond market) and VFIDX (Vanguard Intermediate investment grade). We plan to transition with this equity ratio into retirement at t...
by Johnsson
Tue Jun 26, 2018 7:16 am
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 345
Views: 35813

Re: What is/ was your career and would you recommend it now?

Was happily a mechanical (project) engineer that settled in a LCOL. The manufacturing plant where I worked closed and we chose to stay in area due to HQOL and kids in high school. Went back to school to be an RN (wife is also an RN) and have done that for 12 years. I would recommend healthcare. I ca...