Search found 208 matches

by togb
Sat Dec 14, 2019 11:13 pm
Forum: Personal Finance (Not Investing)
Topic: Gifts to your employees- how much?
Replies: 69
Views: 3321

Re: Gifts to your employees- how much?

My current company does not give gifts, it's just not part of the culture. We don't take staff out for lunch or dinner because we're geographically diverse- the six people who report directly to me are spread out across North America. That said, they are good peeps and work hard-- I sent them each a...
by togb
Thu Dec 05, 2019 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: termination with out severance from a mega-corp
Replies: 51
Views: 8584

Re: termination with out severance from a mega-corp

Read that paperwork, because it probably states that your job is not protected in your absence. I don’t know what this term “protected” means. There is no real “protection” in the world of at-will employment. Some absences are protected-- your job or another like it will be available when you retur...
by togb
Thu Dec 05, 2019 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: termination with out severance from a mega-corp
Replies: 51
Views: 8584

Re: termination with out severance from a mega-corp

There are quite a few bits of information missing, but you did say it was an unpaid leave without job protection, for three months. I'm assuming you applied for a leave and someone approved it, and that there was paperwork involved. Read that paperwork, because it probably states that your job is no...
by togb
Wed Nov 06, 2019 2:27 pm
Forum: Personal Investments
Topic: Will we be OK at 3% WR?
Replies: 342
Views: 24955

Re: Will we be OK at 3% WR?

Ask me again in 30 years..... because when you project it in advance you're somewhere between guessing/hoping, and making estimates based on your research and modeling.... of the past. I tend to think 3-3.5 is safe. Because it would have been in the past. But who knows? So I'm planning on about 3.5-...
by togb
Fri Oct 25, 2019 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: How often do you shop for better insurance rates? (auto, life, home)
Replies: 24
Views: 1768

Re: How often do you shop for better insurance rates? (auto, life, home)

I used to shop every few years. I could always find a better deal, and never had filed a claim. Then I dealt with USAA for my mother's estate, and was so impressed with the service that I priced them at the next renewal. When I needed two roofs replaced, the check came so fast it sat around while I ...
by togb
Fri Oct 25, 2019 12:20 pm
Forum: Personal Investments
Topic: Bonds or just use Money Market/ Savings??
Replies: 25
Views: 3668

Re: Bonds or just use Money Market/ Savings??

I'm targeting 30% in bonds/fixed income. I am accepting more risk due to the low yields. Vanguard's LT Corp bond EFT yield about 4%, and I have a good bit in that. The same in their ST Corp bond, with lower yield but I've basically subbed it for MM. PONAX bond fund has an ugly ER but it yields 5% so...
by togb
Sun Oct 20, 2019 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Landlord Question
Replies: 16
Views: 2287

Re: Landlord Question

If I have a good tenant, I want my rent to be at or slightly lower than the market for a similar property. And I'll skip years on increasing rent. When I do increase the rent, it's modest and I'll explain why. (Taxes went up-- and I'll absorb half the other half increases rent). My most recent incre...
by togb
Sun Oct 13, 2019 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: What’s the proper way to pay yourself in retirement?
Replies: 66
Views: 8584

Re: What’s the proper way to pay yourself in retirement?

I'm still a few years away and I have no idea if this is the proper way, but here's what I think I'll do: 1. have SS come monthly, to checking-- after withholding federal taxes. 2. Then I'll be pulling from MM, which will hold about a year's expenses. I'll probably pull monthly, and again have feder...
by togb
Mon Oct 07, 2019 9:37 pm
Forum: Personal Investments
Topic: Portfolio Review, round 2
Replies: 7
Views: 963

Re: Portfolio Review, round 2

It sounds like you have achieved your before tax goal, but with 70% stocks, that number can really fluctuate downward from where we are today. Assuming you are comfortable with that. Keep maxing out that HSA, it will be great to use when you hit Medicare copays. Like you,our income will be similar ...
by togb
Sun Oct 06, 2019 8:29 pm
Forum: Personal Investments
Topic: Portfolio Review, round 2
Replies: 7
Views: 963

Re: Portfolio Review, round 2

401K at current employer- about 12% of the big picture. Happy with my investment options but no good bond options here so I am using target date fund and a safe retirement income alternative. You could put all your bonds in your Rollover IRA at Schwab and have just stocks in the 401k. SWAGX is an e...
by togb
Sun Oct 06, 2019 4:42 pm
Forum: Personal Investments
Topic: Portfolio Review, round 2
Replies: 7
Views: 963

Re: Portfolio Review, round 2

Almost all of your portfolio is held in 401k and IRA accounts. There are no tax consequences to changing your investments in these accounts. If, as you say, you would like fewer accounts and fewer funds with lower ERs, why not sell (almost) everything and start over with a simple low-cost three-fun...
by togb
Sun Oct 06, 2019 2:46 pm
Forum: Personal Investments
Topic: Portfolio Review, round 2
Replies: 7
Views: 963

Portfolio Review, round 2

I've been learning a lot here, and had a preliminary review some time ago. I've made some adjustments- sold equity and high ER holdings and used proceeds to move from 95/5 to current state with EF funded, and down to 70% stocks, 30% bonds/cash. Now I’m ready for round 2. EF - yes, I have cash in aft...
by togb
Tue Oct 01, 2019 11:08 pm
Forum: Personal Investments
Topic: 1 year checkup since getting my first job (age 24)
Replies: 9
Views: 1308

Re: 1 year checkup since getting my first job (age 24)

Kudos for getting off to such a strong start! You're making good money, and doing well on your savings. I'd probably favor Roth since you have so many decades for those investments to grow, and never pay tax again. Your tax rate will only get higher as you earn more.... It's very generous of your pa...
by togb
Sun Sep 15, 2019 11:33 pm
Forum: Personal Finance (Not Investing)
Topic: > 6 months medical leave
Replies: 23
Views: 2513

Re: > 6 months medical leave

FMLA is something that's very easy to research-- it does not vary from state to state or employer to employer. Having not worked for six months, I doubt you qualify at this time, so it may be a moot point. It sounds like HR is saying that after six months, they may or may not hold a job for you. If ...
by togb
Tue Sep 10, 2019 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: FMLA (or Other) Leaves Potential Negative Impact?
Replies: 17
Views: 1992

Re: FMLA (or Other) Leaves Potential Negative Impact?

Does he really need to leave work to make better eating choices, get a good nights rest and exercise? Those are things that many people incorporate while working-- and if he is to maintain his health, he'll have to maintain healthy habits AND work, not eat well/sleep/exercise instead of working. If ...
by togb
Mon Sep 09, 2019 8:43 pm
Forum: Personal Investments
Topic: Too late for a Roth?
Replies: 20
Views: 2507

Re: Too late for a Roth?

It's only too late if you don't start now. (one of my mantras) Seriously, I am 3 years from retirement and obsessed with building my Roth. I love the idea of having some "reserves" that I can draw upon without it being a taxable event. And, if I don't live long enough to enjoy it all, my beneficiari...
by togb
Mon Sep 02, 2019 9:41 pm
Forum: Personal Investments
Topic: Learnings/Regrets from last two recessions
Replies: 91
Views: 12604

Re: Learnings/Regrets from last two recessions

In 2008/9, I learned (or maybe validated) that patience is not "desirable" it's imperative. The sure way to lose money is to sell at a loss. I wish I had been smart enough to have more free cash to buy stocks when they were crazy low. But at least I did not sell low. I also learned about the 72t rul...
by togb
Sat Aug 31, 2019 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: I have 8 checking accounts?????
Replies: 32
Views: 4479

Re: I have 8 checking accounts?????

OP here. I think I can get down to 4 very quickly. Then I'll reevaluate in a year. No more direct deposits to 4 different accounts will also simplify things. I'll keep the checking attached to brokerage. I've probably written 10 checks in 10 years, but there are times I need a large check, without t...
by togb
Sat Aug 31, 2019 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: I have 8 checking accounts?????
Replies: 32
Views: 4479

I have 8 checking accounts?????

I was working on finances, and had a hugely embarrassing "aha moment". I have a lot of checking accounts. I don't write very many checks-- most bills are paid online. But there are a few people who get checks-- so yes, I should have a checking account and paper checks. But I have 7 checking accounts...
by togb
Sat Aug 31, 2019 6:34 pm
Forum: Personal Investments
Topic: Later in life ROTH conversions - does it make sense???
Replies: 13
Views: 2078

Re: Later in life ROTH conversions - does it make sense???

very interesting thread. I've read many times that tax deferred always comes out ahead, but with this window of lower taxes, and being single (so ONE big exemption, not two, etc etc) I was very interested in the article posted in near the top of this thread. I have to replicate the math with my own ...
by togb
Fri Aug 23, 2019 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: How to help an employee who is in debt and requesting a loan
Replies: 110
Views: 8726

Re: How to help an employee who is in debt and requesting a loan

This is a tough situation, and tougher because your spouse has already crossed the line by making monetary gifts and loans. This blurs the line of employer, and perpetuates dependency beyond employer/employee. It's hard to unscramble eggs-- so you can't undo the fact that she's been allowed to share...
by togb
Wed Aug 21, 2019 12:46 pm
Forum: Personal Investments
Topic: When Did You Ease Up On Saving Aggressively?
Replies: 170
Views: 14005

Re: When Did You Ease Up On Saving Aggressively?

I started saving early-- and started small, took me a couple years to spare enough from my tiny salary to even capture the 401K match. But I increased it every year, for 20 years, typically saving 12-15% of what I earned, and getting another 5% in matching funds. Then was out of the workforce for se...
by togb
Tue Aug 13, 2019 9:27 pm
Forum: Personal Investments
Topic: How much to rollover from IRA to Roth IRA
Replies: 35
Views: 3510

Re: How much to rollover from IRA to Roth IRA

I suggest converting until the traditional (pre-tax) balances reach about $1.5 million. Do this conversion before December 31, 2025. This just made my day. That's the target I set for my tIRA balance at age 70-- for the same reasons-- it "right sizes" my RMD. Seeing that target explained so well, m...
by togb
Sun Aug 11, 2019 10:59 pm
Forum: Personal Investments
Topic: Roth conversion/AGI question
Replies: 5
Views: 647

Re: Roth conversion/AGI question

additional info from OP: I contribute to my 401K Roth, and it's in Vanguard funds. I also contribute to my Roth IRA to the maximum that my AGI allows. That account is with Schwab, plenty of good options. I'm also doing some Roth conversions from tIRA to Roth IRA (both with Schwab), but this is the h...
by togb
Sun Aug 11, 2019 3:30 pm
Forum: Personal Investments
Topic: Roth conversion/AGI question
Replies: 5
Views: 647

Roth conversion/AGI question

I've been heavily focused on before tax 401K contributions, but also contributing a smaller amount to the Roth portion of my 401K. I also plan to do Roth conversions most years, albeit relatively small amounts since I'm on the verge of the 24% marginal rate. It occurred to me, that it may be no diff...
by togb
Thu Aug 01, 2019 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting my Toyota to parents?
Replies: 18
Views: 1033

Re: Gifting my Toyota to parents?

You're a good person, to want to get your mom a car. If it's not important for it to be a surprise, maybe offer her both options and let her choose? One of the best things I have done in my life is buy my mom a car. It was a year old rental, and my spouse did the research so we had narrowed it down ...
by togb
Thu Aug 01, 2019 12:55 pm
Forum: Personal Investments
Topic: Pay off Mortgage? Pay down Mortgage? Let it ride?
Replies: 15
Views: 2170

Re: Pay off Mortgage? Pay down Mortgage? Let it ride?

The mortgage is part of the rental property. Paying it off means more taxable income, and your money is not liquid. If a property cash flows well with a mortgage, it's a good rental. If it doesn't, I would not pay off a mortgage to make it cashflow. That's a good rate.... It's the rate I have on my ...
by togb
Sun Jul 21, 2019 10:35 pm
Forum: Personal Investments
Topic: specific investments when market crashes
Replies: 38
Views: 4320

Re: specific investments when market crashes

I would do Roth conversions on some of the stock funds in a tIRA, putting them in Roth instead. The taxes on the Roth conversion will be a bargain compared to converting at almost any other time! PS. This is what I did in 2008. THIS!! Genious. I so wish I had done that in 2008. I was not working, w...
by togb
Sun Jul 21, 2019 9:29 pm
Forum: Personal Investments
Topic: specific investments when market crashes
Replies: 38
Views: 4320

Re: specific investments when market crashes

If it crashes, it's the actions I took in advance (AA) that will help me. Once it crashes, I have funds set aside for just that eventuality, that tide me over while things normalize. And I reconsider retirement plans.... I do have a modest $$ amount set aside that I would use to bargain hunt. Last t...
by togb
Tue Jul 09, 2019 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: If there are no close or trusted relatives close by, who will care for you, pay your bills, etc.
Replies: 140
Views: 12472

Re: If there are no close or trusted relatives close by, who will care for you, pay your bills, etc.

I've followed this with more than a little interest. I was the one who looked out for my mother, then took care of her estate. I don't have a spouse or children but do have a young relative who would be willing (if not skilled) if the need arose. Once I lost a parent, and some other relatives who we...
by togb
Tue Jul 09, 2019 7:53 pm
Forum: Personal Investments
Topic: 34yo, baby on way, leaving expensive financial advisor... Please Help!
Replies: 27
Views: 2818

Re: 34yo, baby on way, leaving expensive financial advisor... Please Help!

you've gotten a lot of good advice already. For your tIRA, you can sell there without triggering taxes on gains-- but honestly you are not doing very well with those investments. I'd dump them all, and get 2-3 better funds. You are young enough to be aggressive, but get low cost index funds. In your...
by togb
Sun Jul 07, 2019 3:39 pm
Forum: Personal Investments
Topic: Question for the 5%...Anyone buying any individual stocks?
Replies: 51
Views: 4812

Re: Question for the 5%...Anyone buying any individual stocks?

I have not bought any individual stocks for a while, but they do represent about 1/3 of my portfolio. Stock funds/efts are another 1/3 and bonds/things I consider bond-like make up the final 1/3. I have reduced my individual stocks pretty significantly in the last few years. I took profits, sometime...
by togb
Mon Jul 01, 2019 11:39 pm
Forum: Personal Investments
Topic: Investment Property Mortgage Rate
Replies: 7
Views: 765

Re: Investment Property Mortgage Rate

I'm told that rental/investment property rates will run 1% higher than rates for primary residence. If it were your primary residence, you might want to explore refinancing, but that's not a bad rate for investment property.
by togb
Sun Jun 23, 2019 9:15 am
Forum: Personal Investments
Topic: Roth IRA all the way?
Replies: 26
Views: 3004

Re: Roth IRA all the way?

As with most questions on finances, the answer is: "it depends". Mostly on tax rates now-- which you know. And tax rates in the future, which you don't know. I am very close to retirement, and the overwhelming majority of my savings are in tIRA that was rolled over from previous employer's 401K. Bac...
by togb
Fri Jun 21, 2019 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage or max out 401K?
Replies: 7
Views: 2022

Re: Pay off mortgage or max out 401K?

Paying off the mortgage is a risk-free 3.375% return, and since you now take the standard deduction, that is a tax-free 3.375%. To pay down the mortgage at the same risk level, you would invest less in bond funds, and those bond funds return slightly less, currently 2.65% on Total Bond Market Index...
by togb
Thu Jun 20, 2019 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage or max out 401K?
Replies: 7
Views: 2022

Re: Pay off mortgage or max out 401K?

thanks all, for so many useful observations, questions and opinions. First more fact base. I'm 61, and planning to retire around 65, maybe 66. My goal is to have 25x desired income (after SS) in tax advantaged accounts. I'm currently at 21x, but I'm optimistic about getting to 25x in the next few ye...
by togb
Tue Jun 18, 2019 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage or max out 401K?
Replies: 7
Views: 2022

Pay off mortgage or max out 401K?

I'm currently on track to max out my 401K (25K since I am eligible for catch up contributions) with about 17K before tax and 8K Roth. I have not focused at all on paying off my mortgage due to the favorable (3.375%) interest rate-- theory being even bond funds make more than that. But now with this ...
by togb
Sun Jun 16, 2019 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: With hindsight, what signs indicated you were about to lose your job?
Replies: 127
Views: 13343

Re: With hindsight, what signs indicated you were about to lose your job?

I've never been fired or laid off, but have been part of handling both situations as a manager. There's lots of signs that might or might not indicate job loss is imminent for you or others. The single most important thing you can do to avoid that is to ensure you add value. The best people will be ...
by togb
Sun Jun 16, 2019 5:36 pm
Forum: Personal Investments
Topic: HSA investment advice
Replies: 25
Views: 2662

Re: HSA investment advice

I'm very close to retiring (so MUCH older than OP) and I max out my HSA and it's 100% equities. Like has been mentioned this is the only triple tax advantaged option, so I want to leverage it. I used to leave one year's deductible as a hedge against a major expense that I could not absorb in the bud...
by togb
Wed Jun 12, 2019 9:19 pm
Forum: Personal Investments
Topic: Asset allocation for those in their late fifties
Replies: 35
Views: 4101

Re: Asset allocation for those in their late fifties

Plan is to let AA drift naturally to 70/30 to age 70 as equities left untouched while covering expenses with COLA'd pension and Traditional drawdowns while performing tax efficient Roth conversions of equities. Silk, I'm fascinated by your plan-- particular the bit I snipped above. I'm 93/7 Traditi...
by togb
Sun Jun 09, 2019 8:31 am
Forum: Personal Investments
Topic: How to protect your IRA, 401k, savings in Retirement??? - Trust Fund?
Replies: 5
Views: 1020

Re: How to protect your IRA, 401k, savings in Retirement??? - Trust Fund?

When you're saving for retirement, you have to save for all your expenses. If you have not provided for medical insurance and expenses, that's a big oversight. (Just the same as if you did not save enough to cover travel, or groceries or housing.) My personal plan includes enough in the living expen...
by togb
Fri Jun 07, 2019 10:00 pm
Forum: Personal Investments
Topic: $10,200 Gross commission Check... What would you do with it?
Replies: 31
Views: 3520

Re: $10,200 Gross commission Check... What would you do with it?

I'd do #3, put 3K in EF earning interest or dividends, and splurge with the remaining ~300ish.
by togb
Sat May 25, 2019 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Senior management/executives
Replies: 51
Views: 4470

Re: Senior management/executives

agree with the posts that say without knowing more, it's hard to give advice. If it's sexual harassment, then ABC. Within the company, it's hard to be a bribe for a contract, unless the boss is asking OP to do something that would violate compliance policies. And it's possible its a misunderstanding...
by togb
Mon May 13, 2019 8:49 pm
Forum: Personal Investments
Topic: Feeling late to the game and hoping healthcare savings will help. Thoughts?
Replies: 4
Views: 1113

Re: Feeling late to the game and hoping healthcare savings will help. Thoughts?

I agree with you that you are right. You have not shared enough information for anyone to be able to tell for sure. And that's okay if you are not comfortable. Here's some stuff to mull over. 1. 85% of your living expense is not the same as 100%. And you will pay tax on your pension, so gross vs net...
by togb
Mon May 13, 2019 8:17 pm
Forum: Personal Investments
Topic: Thoughts on Schwab
Replies: 37
Views: 4460

Re: Thoughts on Schwab

DE11 wrote:
Mon May 13, 2019 7:06 pm
I just opened a Schwab checking/brokerage account last wekk and am working on getting it funded. What money market fund are you using that yields 2.9%?
[/quote]

Sorry, I was typing too fast-- it yields 2.29. (I missed the second 2... have edited my post above.) It's SWVXX.
by togb
Mon May 13, 2019 5:57 pm
Forum: Personal Investments
Topic: Thoughts on Schwab
Replies: 37
Views: 4460

Re: Thoughts on Schwab

I currently have accounts at Schwab, Fidelity, TRowePrice. In the past, with employer 401Ks or on my own, I've had accounts with TD Ameritrade, Ameriprise and Wells Fargo. Schwab has been my main brokerage for many years, and I have no plans to change that. They are very easy to do business with and...
by togb
Mon May 13, 2019 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Inherited ranch
Replies: 97
Views: 8527

Re: Inherited ranch

My family has dealt with two of these situations. The first was when my grandmother got tired of paying taxes on a property (homestead with acreage) that had been used only for weekends, summers etc. She left it to all the children equally, knowing the children did not play well together. Some paid ...
by togb
Sun May 12, 2019 5:00 pm
Forum: Personal Investments
Topic: Feeling late to the game and hoping healthcare savings will help. Thoughts?
Replies: 4
Views: 1113

Re: Feeling late to the game and hoping healthcare savings will help. Thoughts?

Welcome, this is a great forum and you will get lots of useful information and observations here. First, let me recommend that you and your wife consider changing from targeting 15% contribution rates, to both of you maxing out contributions. You have a great pension-- but since she's self employed ...
by togb
Sun May 12, 2019 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited ranch
Replies: 97
Views: 8527

Re: Inherited ranch

The executor is responsible for having the property appraised to establish the fair market value as of the date of death. If this has not been done, prompt him/her. See if there is anything in the will about terms of inheritance, or how it would be sold. You can either sell it from the estate to who...
by togb
Sat May 11, 2019 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Cash - Throw it all on the table!!!
Replies: 182
Views: 33304

Re: Cash - Throw it all on the table!!!

Wow very interesting to read all the different perspectives. When I think about my "cash" or "cash equivalents" for AA, I lump lots of bond funds, CDs etc in that bucket. But as OP defined it, just plain true cash, I don't keep a lot. A few thousand in true cash, in the house. Usually $50-$200 in my...