Search found 223 matches

by fujiters
Thu Jun 20, 2019 1:25 am
Forum: Personal Finance (Not Investing)
Topic: Getting my own Chase Sapphire Reserve or added as authorized user?
Replies: 17
Views: 941

Re: Getting my own Chase Sapphire Reserve or added as authorized user?

"added as an authorized user on my best friend's account" Your friend is letting you join their credit card? You must really be a good friend. The friend probably thinks the extra points he'll earn outweigh the risk OP won't pay. CSR earns 3 points per dollar back on travel and the points transfer ...
by fujiters
Mon Jun 17, 2019 10:28 am
Forum: Personal Investments
Topic: Any way other than real estate to leverage good income and credit?
Replies: 9
Views: 627

Re: Any way other than real estate to leverage good income and credit?

You can use your good credit to obtain credit cards with good sign up bonus. You'll only net a few thousand extra each year from this though, unless you get very involved in it.
by fujiters
Sun Jun 09, 2019 7:08 am
Forum: Personal Finance (Not Investing)
Topic: How to start outsourcing?
Replies: 21
Views: 1997

Re: How to start outsourcing?

Recommend hiring a house cleaner. It's totally worth the money IMO. For a stylist, try trunkclub. They're owned by Nordstrom and offer quality items and virtual stylists. I would find a local "health food" market/restaurant and just eat out there over hiring a nutritionist. A nutritionist won't cook...
by fujiters
Sat Jun 01, 2019 7:35 am
Forum: Personal Finance (Not Investing)
Topic: Resources for Federal Employees
Replies: 16
Views: 1121

Re: Resources for Federal Employees

I find the combination of the information on FERS retirement on OPM's website plus postings on forums like this one sufficient. Or are you looking for someone to tell you exactly what you should do given your personal circumstances (length of time worked, current grade/step, and the amounts in your ...
by fujiters
Sun May 26, 2019 4:17 pm
Forum: Investing - Theory, News & General
Topic: Is Cash Trash? The Purpose of Cash
Replies: 212
Views: 25871

Re: Is Cash Trash? The Purpose of Cash

It it were obvious there wouldn't be so many people disagreeing with it. I've always thought there was a lot of magical thinking about cash, and I saw Rick's post as saying 'stick to reality.' The original post is just an obvious statement. Nothing more, nothing less, nothing actionable. Indeed, th...
by fujiters
Sat May 25, 2019 6:03 am
Forum: Personal Finance (Not Investing)
Topic: Sending money to India.
Replies: 22
Views: 1717

Re: Sending money to India.

If this is a regular thing, or you might see doing it again, mail them an ATM card linked to your account, and let them withdraw the cash there. Ok, that might be iffy with a single large transaction, but I have a friend who does that with a relative out of the country. Best exchange rate. Send the...
by fujiters
Fri May 24, 2019 3:32 pm
Forum: Investing - Theory, News & General
Topic: Early retire and taxable. More bonds? Different AA than tax deferred space?
Replies: 26
Views: 1646

Re: Early retire and taxable. More bonds? Different AA than tax deferred space?

What happens when you are 55 and working part time, then a market crash hits and you are forced to sell your TSM at a big loss in the taxable? Wouldn't holding more bonds shield you from this more? If you are holding more TSM in tax deferred it won't matter as much since there will still be 5 years...
by fujiters
Wed May 22, 2019 10:47 am
Forum: Personal Finance (Not Investing)
Topic: If I Knew Then What I Know Now
Replies: 108
Views: 42037

Re: If I Knew Then What I Know Now

G. How much is enough before you can consider yourself financially independent? Twenty times annual spending is a good rule of thumb. If you do that and withdraw no more than 5 percent per year from your investments, odds are good you’ll never run out of money. Great post! So much good info here. I...
by fujiters
Tue May 14, 2019 12:42 pm
Forum: Personal Investments
Topic: 31 Years Old, Sold Company for 3MM. Want to retire. How to allocate in taxable?
Replies: 19
Views: 3088

Re: 31 Years Old, Sold Company for 3MM. Want to retire. How to allocate in taxable?

I have no money invested yet nor do I have any retirement accounts yet. I live in a no tax state. I plan to max out a SEP IRA this year, but apart from that, the rest will go in a taxable account. Let's say I want to retire from paid work and do something else. Couple questions: +After much researc...
by fujiters
Tue May 14, 2019 12:29 pm
Forum: Personal Investments
Topic: Advice for 20 year old Roth IRA investment.
Replies: 17
Views: 1001

Re: Advice for 20 year old Roth IRA investment.

Worry less about the most optimal option and more about what will help her learn about investing and set her up best for the future. I would think a 2065 (or later if they have those yet) Target Retirement fund would make the most sense. Something similar should be available to her when she gets he...
by fujiters
Sun May 12, 2019 11:40 pm
Forum: Personal Investments
Topic: Parking/Investing $100k in a tax-advantaged manner
Replies: 12
Views: 1045

Re: Parking/Investing $100k in a tax-advantaged manner

If you are willing to postpone your house purchase depending on market returns, I don't think there's a problem with investing the money in stock.
by fujiters
Sat May 11, 2019 8:51 am
Forum: Investing - Theory, News & General
Topic: Charlie Munger_WSJ interview
Replies: 17
Views: 3747

Re: Charlie Munger_WSJ interview

Dang... I've tried all the backdoor, private browsing, cookie deleting tricks I can think of but still can't get past. Have they finally perfected the paywall? Time to go to the library perhaps. Me too. Do a surprising (to me) number of people here have a subscription or are we missing a way around...
by fujiters
Sat May 11, 2019 2:56 am
Forum: Investing - Theory, News & General
Topic: Time to include new stocks in index?
Replies: 10
Views: 1594

Re: Time to include new stocks in index?

Glad I wasn't alone in my concerns that the constantly-operating-at-a-loss Uber would soon show up in my index funds. Having a consistent positive earnings record is a sensible threshold for inclusion in an index. And yet, the index fund that includes all companies including unprofitable ones (VTI)...
by fujiters
Sat May 11, 2019 1:18 am
Forum: Investing - Theory, News & General
Topic: Time to include new stocks in index?
Replies: 10
Views: 1594

Re: Time to include new stocks in index?

Glad I wasn't alone in my concerns that the constantly-operating-at-a-loss Uber would soon show up in my index funds.

Having a consistent positive earnings record is a sensible threshold for inclusion in an index.
by fujiters
Thu May 09, 2019 3:48 am
Forum: Personal Investments
Topic: I will inherit 2Mil What to do with it?
Replies: 54
Views: 8251

Re: I will inherit 2Mil What to do with it?

A Single Premium Immediate Annuity (SPIA) is a good choice for you, at least to cover your core expenses. This is because you don't have investing experience. This type of product is one in which an insurance company just mails you a check for the rest of your life. This is good because you don't h...
by fujiters
Sun May 05, 2019 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Should I sell stock and trigger capital gains or spend my emergency fund?
Replies: 15
Views: 1767

Re: Should I sell stock and trigger capital gains or spend my emergency fund?

A third option would be to get a new credit card with a 0% introductory rate for 12 months. Charge $18k on that, pay it all back over 9 months, then cancel the card. No interest, no realized cap gains. +1 for this, combined with utilizing the cash in your E-fund. Not having a total picture of your ...
by fujiters
Wed May 01, 2019 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: How much life insurance?
Replies: 8
Views: 1006

Re: How much life insurance?

Enough that your family could continue living at roughly the same standard without you. How much insurance you need depends on how much you already have saved and how much (if any) of a shortfall your spouse would have living on just her income.
by fujiters
Wed May 01, 2019 12:57 am
Forum: Personal Investments
Topic: Beginner investor seeks advice in record high stock market [2019]
Replies: 37
Views: 3339

Re: Beginner investor seeks advice in record high stock market [2019]

Get to your desired allocation now! The market being at all time highs is meaningless that happens all the time. Why is 80% of your 401k in stocks if it's not a good time to buy? Because I have to hit the minimum initial investment of $3,000 per Vanguard Admiral fund . That lump sum is giving me pa...
by fujiters
Sun Apr 28, 2019 8:26 am
Forum: Personal Investments
Topic: Early Retirement + TIPS + Pension
Replies: 7
Views: 1501

Re: Early Retirement + TIPS + Pension

Are you sure you get the full pension of 100k at 65 if you retire at 50? Is there inflation indexing from 50 to 65 (100k turns into 74k in purchasing power after 15 years of 2% inflation, for example).
by fujiters
Thu Apr 25, 2019 12:39 am
Forum: Investing - Theory, News & General
Topic: I don't understand the case for EE bonds
Replies: 420
Views: 41268

Re: I don't understand the case for EE bonds

I've recently become more negative on EE bonds and I thought I would share my situation. I will stand to inherit some EE bonds sooner rather than later. It is a substantial sum (for which I am thankful) across bonds with years of issue from 1990 to 2005. There are big lumps in a few years in the ea...
by fujiters
Thu Apr 25, 2019 12:32 am
Forum: Investing - Theory, News & General
Topic: Principles of Tax-Efficient Fund Placement
Replies: 15
Views: 2556

Re: Principles_of_Tax-Efficient_Fund_Placement

I do need to revise the article more extensively, as ETFs have succeeded in avoiding almost all capital gains, and yields have changed; it has now been 11 years that foreign stocks have had significantly higher yields than US stocks. I made these adjustments. Here is the current order of tax-effici...
by fujiters
Thu Apr 25, 2019 12:20 am
Forum: Personal Investments
Topic: Moving HSA from old job to Fidelity -- will I have to pay any fees?
Replies: 8
Views: 611

Re: Moving HSA from old job to Fidelity -- will I have to pay any fees?

I moved from Payflex to Fidelity. I used an indirect rollover, which seemed to avoid some of the problems people had with neverending direct transfers. Since it's Fidelity to Fidelity, I would expect the transfer process to be fairly seamless. I can recommended an indirect rollover for quickly fundi...
by fujiters
Wed Apr 24, 2019 11:59 pm
Forum: Personal Investments
Topic: Dump international?
Replies: 228
Views: 15124

Re: Dump international?

Selling due to underperformance (and buying after over performance) is the way individual investors underperform the market. If this is true, why has the obvious and simple strategy of buying after underperformance and selling after overperformance not been utilized to beat the markets? It's an hon...
by fujiters
Wed Apr 24, 2019 11:42 pm
Forum: Personal Investments
Topic: 40 years old and just trying to figure it out
Replies: 47
Views: 6927

Re: 40 years old and just trying to figure it out

I highly recommend using Mint or another similar app for tracking purchases. The fact that you have so much credit card debt implies you've been running a deficit. Have you completely corrected that? Even so, I find watching trends in purchase categories helps me to identify costs that should be cut...
by fujiters
Wed Apr 24, 2019 10:49 pm
Forum: Personal Investments
Topic: Dump international?
Replies: 228
Views: 15124

Re: Dump international?

IMHO, posts like that of the OP serve as evidence that many investors would be very well served with an all-in-one fund like a target-date fund or a fund with a permanent AA. Yes, the ER may be a little bit higher, but then the relative performance of each part of their portfolio is hidden from vie...
by fujiters
Sat Apr 20, 2019 9:02 am
Forum: Personal Investments
Topic: Invest 529 or taxable account?
Replies: 55
Views: 3822

Re: Invest 529 or taxable account?

Thank you all for the responses! Glad I asked. No I am not maxing my taxable and I know I should be :). At the moment, I am investing 6% of pay in my 401k (Get 100% match for 5%) and then I am investing $200/month towards my wife's IRA. Apart from this setting aside in HSA ($100/month). Next year I...
by fujiters
Mon Apr 01, 2019 3:03 am
Forum: Personal Investments
Topic: Bonds in taxable accounts
Replies: 10
Views: 1042

Re: Bonds in taxable accounts

It depends on the size of your tax advantaged accounts. Are your pre-tax accounts large enough to hold your bond allocation? If so, don't put bonds in taxable. If not, what other choice do you have (unless your need for extra bond space is small enough that it can be filled in taxable with your annu...
by fujiters
Mon Apr 01, 2019 2:58 am
Forum: Personal Investments
Topic: TIPS, I bonds, or taxable portfolio to get from 41 to 59.5
Replies: 11
Views: 1314

Re: TIPS, I bonds, or taxable portfolio to get from 41 to 59.5

What are your household expenses? Will you wife's income cover them? If so, you need no additional bridge and there is no reason to hold extra cash.
by fujiters
Sun Mar 31, 2019 4:26 pm
Forum: Personal Investments
Topic: Non-Deductible tIRA for Bonds?
Replies: 7
Views: 382

Re: Non-Deductible tIRA for Bonds?

In a typical back door Roth, you convert soon after contributing to tIRA, resulting in almost no tax upon conversion. Why wouldn't you convert anyway and hold the bonds there? That way the bonds won't be taxed at all. I don't see any point to contributing to a non deductible tIRA and not immediately...
by fujiters
Sun Mar 31, 2019 4:38 am
Forum: Personal Finance (Not Investing)
Topic: When to take social security for maximum inheritance?
Replies: 31
Views: 2820

Re: When to take social security for maximum inheritance?

The answer will inevitably be dependent on when you end up dying. Live to 110? Claiming at 70 is best. Die at 64? You should have claimed at 62. If you hold any bonds at age 62, it makes sense (on average) to spend those down in order to wait to withdraw SS, since the effective interest you get from...
by fujiters
Wed Mar 27, 2019 1:49 am
Forum: Personal Investments
Topic: Avoiding tax torpedo at 70.5
Replies: 36
Views: 4636

Re: Avoiding tax torpedo at 70.5

"extra income from paid off mortgage" isn't really a higher taxable income. It just decreases your expenses (so the amount you have to pull from your portfolio), right? Having a paid off house should decrease taxes, if anything. I think you should probably do Roth conversions to the top of the tax b...
by fujiters
Mon Mar 25, 2019 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance of Trad IRA
Replies: 40
Views: 2194

Re: Inheritance of Trad IRA

Why not do RMD from the inherited IRA according to your age? At age 60, you will only have to pull ~$4k this year based on the IRS Single Life Expectancy table.
by fujiters
Sat Mar 23, 2019 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Finding a Personal Finance Marriage Counselor
Replies: 34
Views: 3486

Re: Finding a Personal Finance Marriage Counselor

OnFire, I've read all of your posts on both of your threads. You and your wife are clearly in love and want to make this marriage work. Your MONEY needs to get a divorce. I say this as someone in a second marriage with a person who makes far less than I do and who is a spender. And from someone who...
by fujiters
Sat Mar 23, 2019 3:56 am
Forum: Personal Finance (Not Investing)
Topic: Finding a Personal Finance Marriage Counselor
Replies: 34
Views: 3486

Re: Finding a Personal Finance Marriage Counselor

OnFire, I've read all of your posts on both of your threads. You and your wife are clearly in love and want to make this marriage work. Your MONEY needs to get a divorce. I say this as someone in a second marriage with a person who makes far less than I do and who is a spender. And from someone who...
by fujiters
Sat Mar 23, 2019 3:42 am
Forum: Personal Finance (Not Investing)
Topic: Should I ditch bonds? (Because I have a mortgage)
Replies: 45
Views: 3913

Re: Should I ditch bonds? (Because I have a mortgage)

chevca wrote:
Fri Mar 22, 2019 5:35 pm
I tend to believe that if you have borrowed money (have a mortgage) then you shouldn't be borrowing out your money (buying bonds). But, that's just my take on it.
What if the bonds you can buy have a higher rate than your mortgage? Some of us have mortgages in the low 2% range.
by fujiters
Sat Mar 23, 2019 3:14 am
Forum: Personal Investments
Topic: Switch to Ally or just Keep more in Vanguard Federal Money Market Fund
Replies: 28
Views: 4812

Re: Switch to Ally or just Keep more in Vanguard Federal Money Market Fund

I've switched over to Ally bank recently, but have a question now for those that have been with the bank for a while. I don't yet have my debit card, but I read that in addition to the mobile app for Ally, there's a separate "card control" app that allows fine tuned control over use of the debit ca...
by fujiters
Fri Mar 22, 2019 5:55 pm
Forum: Personal Investments
Topic: Tax-efficient fund placement when considering early retirement
Replies: 28
Views: 2098

Re: Tax-efficient fund placement when considering early retirement

You can withdraw from a 401k or similar before 59.5 without tax penalty with one of the many exceptions, including taking substantially equal periodic payments (in short, you're allowed to take a reasonable amount out every year). https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding...
by fujiters
Wed Mar 20, 2019 4:28 pm
Forum: Personal Investments
Topic: How to get over a $25K stock market loss?
Replies: 125
Views: 10397

Re: How to get over a $25K stock market loss?

I don't think the lesson here is to only put money you won't want to use in the near term in the market. It's that if you're going to take on the risk, know that it comes with short term volatility and it's counterproductive to sell low. Personally, I think a house purchase is not something that has...
by fujiters
Sat Mar 16, 2019 4:02 am
Forum: Personal Finance (Not Investing)
Topic: Retiring- pension is 2x annual expense. Roth conversions/ss advice.
Replies: 39
Views: 4336

Re: Retiring- pension is 2x annual expense. Roth conversions/ss advice.

With 120k in pension income right off the bat, there really isn't room for Roth conversions in low tax brackets. They could still convert to the top of the 22% bracket for a few years before SS likely pushes them to 24%, where they'll probably stay, even after one dies and the other will file as sin...
by fujiters
Sun Mar 10, 2019 5:55 pm
Forum: Personal Investments
Topic: Investment noob needs help creating an IPS to ensure he doesn't outlive his money.
Replies: 23
Views: 1412

Re: Investment noob needs help creating an IPS to ensure he doesn't outlive his money.

Consider buying SPIAs as you retire, annuitizing a bit more every 5-10 years. This would allow a greater effective withdrawal, and you wouldn't have to concern yourself with your portfolio.
by fujiters
Sun Mar 10, 2019 9:13 am
Forum: Personal Finance (Not Investing)
Topic: First time homebuyer - tax deductions
Replies: 6
Views: 995

Re: First time homebuyer - tax deductions

That's pretty much it, unless you're renting out the property. You may want to read through IRS Publication 530 . You will want to make sure to store documentation for improvements you end up making to the property to support increased cost-basis when/if you sell the house. I wish I had realized tha...
by fujiters
Sat Mar 09, 2019 3:02 pm
Forum: Investing - Theory, News & General
Topic: Does The 4% Rule Work Around The World?
Replies: 23
Views: 1524

Re: Does The 4% Rule Work Around The World?

Also, the same could happen in the US, which is a strong incentive to diversify beyond a stock/bond portfolio and include direct real estate. Yes. Shouldn't we expect global market returns to converge to their average value based on the EMT? We were lucky that we happened to be one of the countries...
by fujiters
Sat Mar 09, 2019 2:52 pm
Forum: Investing - Theory, News & General
Topic: Does The 4% Rule Work Around The World?
Replies: 23
Views: 1524

Re: Does The 4% Rule Work Around The World?

I think most Bogleheads have implemented at least a somewhat globally-diversified portfolio, and put the 4% rule for 30+ years to bed a while ago. Now were' arguing over 2-something and 3-something. I certainly hope not. Just going from a 4% to a 3% will probably add 5-10 years to your accumulation...
by fujiters
Sat Mar 09, 2019 7:43 am
Forum: Investing - Theory, News & General
Topic: Does The 4% Rule Work Around The World?
Replies: 23
Views: 1524

Re: Does The 4% Rule Work Around The World?

Also, the same could happen in the US, which is a strong incentive to diversify beyond a stock/bond portfolio and include direct real estate. Yes. Shouldn't we expect global market returns to converge to their average value based on the EMT? We were lucky that we happened to be one of the countries...
by fujiters
Sat Mar 09, 2019 7:29 am
Forum: Personal Finance (Not Investing)
Topic: Airline travel and economy: pay $$ to pick seats
Replies: 116
Views: 7548

Re: Airline travel and economy: pay $$ to pick seats

If all else fails, you could switch with someone on the plane. They would be very likely to give up a middle seat for an aisle or window. If you don't pay for assigned seats, you are far more likely to end up in the middle. It's not unlikely that OP's family will all be assigned to middle seats.
by fujiters
Sun Mar 03, 2019 2:32 pm
Forum: Personal Investments
Topic: TSP Matching and Contribution Limits
Replies: 7
Views: 444

Re: TSP Matching and Contribution Limits

No, employer contributions don't count against the $19000 contribution limit (unlike HSAs).
by fujiters
Fri Mar 01, 2019 2:28 pm
Forum: Personal Investments
Topic: Tax Loss Harvesting at Vanguard
Replies: 8
Views: 865

Re: Tax Loss Harvesting at Vanguard

I thought you can't tax loss harvest from VTSAX to VTI because they are substantially identical since they have the same holdings and use the same index benchmark? The slashes in Duckie's list items are for things that are the same. So, for example: "VTIAX / VXUS (FTSE Global All Cap ex US Index)" ...
by fujiters
Fri Mar 01, 2019 12:25 am
Forum: Investing - Theory, News & General
Topic: The Extraordinary Upside Potential Of Sequence Of Return Risk In Retirement - Michael Kitces
Replies: 91
Views: 7334

Re: The Extraordinary Upside Potential Of Sequence Of Return Risk In Retirement - Michael Kitces

... that would be such a series of catastrophes (remember, Trinity worked for Great Depressions/World Wars/stagflation) that it's almost inconceivable to imagine society functioning soundly... Inconceivable? Hardly. It's not a minor point that the US homeland and industrial base was left unscathed ...
by fujiters
Fri Mar 01, 2019 12:03 am
Forum: Personal Finance (Not Investing)
Topic: Can I make a Roth IRA Contribution? Earned Income?
Replies: 5
Views: 412

Re: Can I make a Roth IRA Contribution? Earned Income?

Just to reiterate, if you contribute at least $6k to Roth 401k, you can then also use those funds to contribute to an IRA, if you don't have other household funds that would allow you to contribute to an IRA.