Bogleheads.org

Olemiss540

My portfolio has gone down by $12000 over the past few days. I know people on here say it's a blip on the radar, but when I think about what I have to go through to earn $12k ($12k = two months of STRESSFUL hard work) it doesn't seem that trivial any more. Have you thought about how many months you...

Olemiss540

Edward Jones will become your best friend for about 1% of your net worth per annum. :D Investing seminars for the elderly including a free dinner at MCL cafateria! Now that is service. As an owner of Vanguard, I would like to apologize to everyone here for this latest ranking and let you know that ...

Olemiss540

Deontic wrote: ↑
Wed Nov 14, 2018 6:15 pm
Also consider that the Roth IRA does not require an annual RMD after attaining age 70.5, but Roth 401(k) does require RMDs to be taken out of these accounts.

Excepting that a Roth 401k can be rolled over into a Roth IRA upon separation from your employer which makes this a moot point.

Olemiss540

Always the same story by the same posters with regards to Trad/Roth. This issue will result in a right/wrong solution in HINDSIGHT only. People speaking in definitive terms of one being wrong or right without having ALL relevant facts INCLUDING current state/local/fed marginal tax rates and actual t...

Olemiss540

http://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/ Looks like a 30% savings rate would net you retirement in approximately 28 years. No point in looking into the past at your mistakes but instead planning and working towards your new goals. Everyone else's ...

Olemiss540

Sold my home and netted $94k from the sale. Currently renting, but will be looking to purchase a new home fairly soon next 3-6 months. I plan to use all of 94,000 to put a hefty down payment and necessary repairs to the next house. This money was tied up in a house, so it's not like I ever knew tha...

Olemiss540

I do not speculate on precious metals so I prefer the other brand of permanent portfolio (target date index funds).

Olemiss540

Honestly, you are talking about nickles either way. I would happily keep the money in either Fido investment for the convenience of not having to perform a rollover.

Pick one and move on to more important things.

Olemiss540

I would rent, just for the sake of simplicity and convenience. If you have a noisy neighbor or decide to relocate later (or have health issues), it just seems easier. It obviously matters little in the grand scheme which way you go though, not really a numbers game considering you have the financial...

Olemiss540

I do not see any downside to placing these funds into a brokerage act. If you have losses, then you are able to TLH, if gains, then you made more than it just sitting in a bank account.

Anything else is just a thinly veiled attempt at market timing.

Olemiss540

Only 1000 sq ft per person?

What's the rest of your financial picture? Any loans/debt? How much cash on hand?

Olemiss540

Plan looks great. Hardest part will be avoiding lifestyle inflation and doing whatever you can to maintain a 25-30% savings rate moving forward. Great job getting debt free by spring, now stay that way until you retire!

Olemiss540

Market is not a sure thing... Sep 2000 - Sep 2012 a 70/30 domestic equities/bonds portfolio would have had ZERO inflation adjusted returns. That is 12 years of nothing to show for in terms of growth. Sure, I am cherry picking dates but so what... if you had invested at that top it would've taken yo...

Olemiss540

I’m confused. You have a minivan that your nanny never actually uses, but you state it’s inconvenient for her not to be able to use it. Your wife has a car that should be able to seat 3 kids in a pinch. Why do you need a 4th car? This. What's the issue if the nanny doesnt really need a vehicle? Why...

Olemiss540

Not incredibly familiar with the process, but I would think a call to Vanguard would be a great start. Do you have all of the cost basis for these stocks or are the cost basis reset due to inheritence? You can sell all of the losers or ones with minimal capital gains ASAP while they are at MS, to mi...

Olemiss540

I believe the correct answer is extremely individualized. Are you the organized type that can file your taxes in pencil and have 2 cloud based backups for all of your weekly expenses? Then hoarding HSA receipts and keeping that money growing in an investment tax free may be the best option. Believe...

Olemiss540

I believe the correct answer is extremely individualized. Are you the organized type that can file your taxes in pencil and have 2 cloud based backups for all of your weekly expenses? Then hoarding HSA receipts and keeping that money growing in an investment tax free may be the best option. Believe ...

Olemiss540

Looks like a great plan for the most part. I would disregard your impulse to get into high risk asset classes as you are just speculating (gambling). Personally, would ease off the 529 throttle a bit and ramp up taxable investments and mortgage payoff a bit. You need to set the cruise control soon a...

Olemiss540

The math is easy once you assume reasonable rates of return. Retirement is based on savings rate or percentage of your income is spending versus savings. http://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/ Keep in mind this does not include social security, ...

Olemiss540

Harbor Freight for hand tools, vehicle Jack's (not stands), and zip ties,etc. Have held up to relentless abuse, without an issue. A HECK of a lot cheaper than comparable craftsman so if it ever does break I can buy another set and still be above water. Absolutely love that place and has helped me af...

Olemiss540

I believe you are in a great position to lower your savings rate. No one here can tell you the best ratio for your family, but I have recently started letting off the pedal myself.in a few years I expect to be right back at 30% or so, but trying to spend a year or two creating lasting memories with ...

Olemiss540

If I was trying to market time condo selling in a HCOL area and had the potential for 350k in profit, better believe I would be selling today and renting.

As a matter of fact I am doing that right now for a much smaller spread.

Olemiss540

True - "exploded" was probably too strong of a term. Also - in response to the 30% bond allocation. It does seem like a lot, but I was just following what is recommended in Taylor Larimore's "The Bogleheads' Guide to the Three-Fund Portfolio" which says the bond allocation % should be around your a...

Olemiss540

Age 31 I was in the process of restructuring my portfolio that I rolled over from my previous employer. My plan was to put 30% in total bond fund, 55% in Total Market Index Fund and 15% in Total International Index. However, the stock market has exploded the last few days so I am hesitant to make a...

Olemiss540

I am not sure you are ready based on recent performance tracking. There is nothing to say that over the next 5 years the boglehead portfolio will overperform your current portfolio. The boglehead portfolio does not promise over performance, but rather MARKET performance. You need to get comfortable ...

Olemiss540

The main reason why I don't get worried is that I have enough drawdown invested in short term bonds and FDIC products to take me to age 90. That sounds pretty relaxing to me... What market drop? My target date funds maintain my asset allocation, so really no need to track day to day noise. You can ...

Olemiss540

What market drop? My target date funds maintain my asset allocation, so really no need to track day to day noise.

Olemiss540

Sounds like a thought exercise to justify market timing.

What other investments do you have (retirement, etc)?

How much liquidity do you really NEED?

Olemiss540

Can you afford it? Do you have 75k set aside for a toy? If not than no. If so than yes. A GT3 RS would be amazing, but there is a reason I have never test driven one. Your retirement assets do not matter since those are earmarked for 15 years from now, it is a matter of lifestyle inflation and in 3 ...

Olemiss540

Jags4186 wrote: ↑
Wed Oct 03, 2018 5:05 pm
Personally I think the AMEX BCP is a garbage card. The absolute best you can do is 4.4% cash back on groceries if you spend exactly $6000/yr after subtracting the $95 annual fee. Too much work for too little reward. Of course this is what AMEX wants.

Conveniently ignoring the $200 sign up bonus.

Olemiss540

You are worried about percentage points on groceries but ignoring a 10% fee (tip) for delivery? Why is delivery even an option if you are worried about an extra 40 dollars in rewards spend each year?

Olemiss540

Will you meet your retirement goals by strictly maxing out your 401k/Roth? No point in considering unless you are on path with regards to your projected nest egg and retirement age.

Olemiss540

Personally I would get any free match money from my employer and then use every spare dollar to pay down a 7% loan. No way are you going to get that return on any other risk free investment, doubtful you would get that return with a risky investment either. You will be able to supercharge retirement...

Olemiss540

I would knock the student loans out ASAP. Consider keeping a 7k EF and then try and get the loans kicked in the next 14-16 mo! Congrats.

Olemiss540

Not sure how I feel about prepaying daycare, but prepaying taxes should be stopped ASAP. Ensure your withholdings are accurate to zero out your tax liability before tax season so you have more money in your pocket now. There is a good worksheet on MMM or can always estimate by hand and then fiddle w...

Olemiss540

[(removed) --admin LadyGeek] With 750k at 33, you are in the .1%. Quit reading financial forums, running portfolio visualizers, and humble bragging to a bunch of strangers. You could probably retire at 40. If you cant retire at 55, most won't be able to retire at 90. I am done with this place for a...

Olemiss540

Did I miss the current combined retirement balance? I saw the "projected" but realize you are one correction or downturn from having 200k at 41. A house and a car are the two largest expenses a family has and you went high with both of them. They are dragging your budget down and are a remnant of al...

Olemiss540

You can easily buy a 2013 or 2014 3 series with 50k miles for 10-12k ALL DAY LONG. Given how many miles you drive, I would be surprised if you had any maintenance issues at all over the next 10 years. These cars may not be appliances like Honda or Toyotas, but repairs can be reasonable if you do it ...

Olemiss540

I don't think it matters what you gus do, you both seem setup to be in an amazing position with your level of assets at your age.

You truly appear to be crushing it!

Olemiss540

I am guessing after 70 years, bankruptcy, providing assistance, etc is not going to change much of anything. They need to try and get through the next few months dealing with health issues and then try to convert to a Dave Ramsey style change of habits. Try to get them the Total Money Makeover or in...

Olemiss540

I would have kept the locks the same and worried about theft once it happened. I am assuming the car is insured? Odds are nothing would have happened and I would be $500 richer. I grew up in a lock shop and if someone wants to steal your toyota, they don't need a key. I always make sure to have spar...

Olemiss540

I like the simplicity of buying 10k cars in CASH from a paperwork, monthly hassle, and insurance cost standpoint. The 10k car versus the 22k car seems like a 12k difference until you factor in state and local registration/taxes, increased insurance coverage costs, etc. If I could afford the 22k car ...

Olemiss540

That's an incredible story, and I like to think that FI gives someone the ability to turn ladders upside down, or jump from one ladder to another. In other words, I hope that the ability to take risks with my career (once FI) leads to the fulfillment in a role or task to do it for the rest of my lif...

Olemiss540

Keep putting 15% away for retirement, and then save as hard as you can. By the time you have a 20% downpayment (40-50k) and a sufficient emergency fund, you will probably have an income to support the townhouses you are looking at. Probably 2-3 years out. Personally, I would rent and try and stick e...

Olemiss540

run away from those advisors, and seek help with vanguard or fidelity. Only. +1. Sharks are in the water.... Invest the time and learn how to manage this money not only for near term items (home/car) but future retirement. Pls don't this the wrong way but I wonder if the $ would be a distraction fo...

Olemiss540

I am going to be MR NO as that's a NO from me.

You are killing it, and can consider splitting extra taxable cash between investments and mortgage pay down. That's a great mortgage rate to tax a big tax hit to pay off IMO.

Olemiss540

If he's mentally sharp, he should learn how to WIN. It's not that hard to have an edge over casinos. You need some specialized knowledge and lots of discipline. Start here: https://www.amazon.com/Advanced-Advantage-Play-Safeguarding-Promotions/dp/1883423392/ref=sr_1_1?ie=UTF8&qid=1536520006&sr=8-1&...

Olemiss540

I have been going to the Sanibel/Captiva area for decades in the winter time and personally would not hesitate the book a family vacation that time of year. We have kids and adults alike swimming/beaching it all the time. We usually VRBO condos on South seas, but that would require you to split up y...

Olemiss540

Target date fund for me atleast until/if I ever wratchet up the taxable investing. I find the ability to just shovel money into a pool simple and automatic. It also keeps me from constant internal banter regarding allocations and prevents tinkering. To each the own but I enjoy my extra 15 min of sle...

Olemiss540

2005 Silverado with 197k. I do all of my own maintenance which really stretches the buck and allows me to keep a vehicle to its full potential. I have no plans of getting rid of this beast. I just did a ton of work on it and it's running better than ever. I need a new O2 sensor and / or catalytic c...

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