Search found 508 matches

by Living Free
Thu Aug 06, 2020 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: How much can we comfortably spend on a house?
Replies: 12
Views: 1342

Re: How much can we comfortably spend on a house?

Basic Information: We want a new to us single family detached home, so no HOA fees. No problem with hiring a landscaper and a house cleaner for help No debt, 2 late model cars paid off No children, 2 adults, we are in our late 60’s, home paid off, on market, probably net $400,000 to $425,000 Cash a...
by Living Free
Tue Aug 04, 2020 3:44 pm
Forum: Personal Investments
Topic: Rebalancing my portfolio, need suggestions.
Replies: 17
Views: 998

Re: Rebalancing my portfolio, need suggestions.

I got your point. In fact, every year I'm transferring 50K from my Traditional IRA, then Roll-over and later SEP-IRA to Roth-IRA with Vanguard. That's why you can see my Roth-IRA account in Vanguard. With my new job , I don't know how long I will be here, so don't want to bring my tax-exempt accoun...
by Living Free
Mon Aug 03, 2020 3:30 pm
Forum: Personal Investments
Topic: Rebalancing my portfolio, need suggestions.
Replies: 17
Views: 998

Re: Rebalancing my portfolio, need suggestions.

As I just started my govt. job and have a new TSP account with a balance of 25K, I don't want to transfer into it any new money from Vanguard. The changes I want to do with Vanguard funds only which will give me flexibility with moving funds from one to another Vanguard funds. Now, I need to focus ...
by Living Free
Mon Aug 03, 2020 11:07 am
Forum: Personal Investments
Topic: Rebalancing my portfolio, need suggestions.
Replies: 17
Views: 998

Re: Rebalancing my portfolio, need suggestions.

Can you roll the non Roth IRAs into the TSP? That would allow you to do the backdoor Roth IRA. Does your spouse have any traditional IRA? Could you do a backdoor Roth IRA for your spouse? In your taxable account, default suggestion is to use broad stock market index funds. Can vary such as for folks...
by Living Free
Mon Aug 03, 2020 10:38 am
Forum: Personal Investments
Topic: Rebalancing my portfolio, need suggestions.
Replies: 17
Views: 998

Re: Rebalancing my portfolio, need suggestions.

Does the TSP accept rollovers? Also instead of investing in a lifecycle fund in the TSP you could just invest 100% in bonds in there. I think they have something called the "G fund" which is some sort of bond fund or stable value fund or such. I'm not too familiar with the TSP though as I've never b...
by Living Free
Mon Aug 03, 2020 9:57 am
Forum: Personal Investments
Topic: Rebalancing my portfolio, need suggestions.
Replies: 17
Views: 998

Re: Rebalancing my portfolio, need suggestions.

Sell stocks in the rollover or SEP IRA and use the proceeds to buy bonds in the rollover or SEP IRA.

Another question - do you have an employer sponsored retirement plan (such as 401k or 403b or TSP)?
by Living Free
Fri Jul 31, 2020 9:40 am
Forum: Personal Investments
Topic: Portfolio Review Request - 30yo Military member and Spouse
Replies: 12
Views: 883

Re: Portfolio Review Request - 30yo Military member and Spouse

Questions: 1. Where are we making tax efficiency errors? Not maxing out the TSP. As above, do that prior to taxable account investing. Also i'd avoid a balanced fund in the taxable account. Also why are you not doing any tax deferred at all? I'd recommend that you do some tax deferred investing (ie...
by Living Free
Thu Jul 30, 2020 11:58 am
Forum: Personal Investments
Topic: Advice for a newbie
Replies: 30
Views: 2213

Re: Advice for a newbie

Thanks for your input everyone. I have watched all those videos, and I do understand that stocks are a long term game. If you look above, you'll note that my current job offers a pension and I have a 457 which I contribute 10% of my salary to; that's my long term savings. The other 10% that I have ...
by Living Free
Wed Jul 29, 2020 10:54 am
Forum: Personal Investments
Topic: Vanguard Total World Stock ETF (VT) Index for Kid
Replies: 32
Views: 1647

Re: Vanguard Total World Stock ETF (VT) Index for Kid

I agree with the above suggestion to use the Roth IRA rather than a taxable brokerage account.
by Living Free
Wed Jul 29, 2020 10:51 am
Forum: Personal Investments
Topic: Advice for a newbie
Replies: 30
Views: 2213

Re: Advice for a newbie

Thanks for your input everyone. I have watched all those videos, and I do understand that stocks are a long term game. If you look above, you'll note that my current job offers a pension and I have a 457 which I contribute 10% of my salary to; that's my long term savings. The other 10% that I have ...
by Living Free
Tue Jul 28, 2020 6:22 pm
Forum: Personal Investments
Topic: Advice for a newbie
Replies: 30
Views: 2213

Re: Advice for a newbie

Are you filling all of your available tax advantaged accounts to the max? I'd do that before getting into taxable investing or real estate.
by Living Free
Fri Jul 24, 2020 4:01 pm
Forum: Personal Investments
Topic: Advice for a newbie
Replies: 30
Views: 2213

Re: Advice for a newbie

Hello everyone. I'm new here, and I've read through many form posts concerning "passive income", Real Estate, and REITs. The more I read the more lost and confused I get. So here's my situation: I'm 42, I work for for a city with a pension and 457 that I put 10% of gross income towards. About 5 yea...
by Living Free
Wed Jul 22, 2020 3:38 pm
Forum: Personal Investments
Topic: What's next after maxing out all tax-advantaged accounts?
Replies: 23
Views: 1750

Re: What's next after maxing out all tax-advantaged accounts?

Aside from paying down debt (or saving cash for the house downpayment), what other options are there other than a taxable account? You could get into real estate investing perhaps, or try to start your own business which might require some capital, but really that's about all the options I can think...
by Living Free
Wed Jul 22, 2020 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Financial Crisis: Advice needed
Replies: 90
Views: 7998

Re: Financial Crisis: Advice needed

What about the MIL? Does she not work? Is she able to work?
by Living Free
Mon Jul 20, 2020 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Should I raid my kids college fund to buy a new computer?
Replies: 29
Views: 2717

Re: Should I raid my kids college fund to buy a new computer?

sd323232 wrote:
Mon Jul 20, 2020 1:27 pm
I don't think you can afford the laptop, sorry
Haha! Funniest comment I've seen on bogleheads in a while :beer
by Living Free
Mon Jul 20, 2020 11:34 am
Forum: Personal Finance (Not Investing)
Topic: $359k in med school debt; advice for family member
Replies: 101
Views: 6987

Re: $359k in med school debt; advice for family member

I'm 100000% sure that he went to podiatry school in a VCOL area. I get that non-podiatrists be offended that I called it "med school" in the subject line. My apologies for the poor word choice. I don't really understand the huge negativity in the thread. Podiatrists can make good incomes to the poi...
by Living Free
Fri Jul 17, 2020 4:03 pm
Forum: Personal Investments
Topic: Which 529 plan did you choose and why? [Help select a 529 plan]
Replies: 28
Views: 854

Re: Which 529 plan did you choose and why? [Help select a 529 plan]

... Do you by any chance know if there is a benefit going through Nevada state, versus going directly through Vanguard? Thanks again! I believe that all 529 plans are sponsored by a state. The vanguard plan is a Nevada plan. That's the one that I use (I live in a no income tax state, so no benefit ...
by Living Free
Fri Jul 17, 2020 7:52 am
Forum: Personal Consumer Issues
Topic: Another Used Car Thread
Replies: 32
Views: 2022

Re: Another Used Car Thread

Just FYI you might consider a non owner auto insurance policy if you're going to be renting frequently.
You have an interesting dilemma and I'm curious as to what you ultimately choose.
by Living Free
Thu Jul 16, 2020 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Give new doctor a SSN?
Replies: 86
Views: 7150

Re: Give new doctor a SSN?

Major corporation with large IT departments get hacked so I wouldn't have much confidence in a small office's ability to safeguard private information. Clark Howard is concerned about the security issues and advises against giving out one's SSN in such an instance. See: https://clark.com/consumer-i...
by Living Free
Wed Jul 15, 2020 9:03 am
Forum: Personal Investments
Topic: What should I do with my money next?
Replies: 18
Views: 3043

Re: What should I do with my money next?

Is there a good reason to invest in an ETF over a stock index fund? I've read about it from the Boglehead's book but didn't see a good reason to invest in ETFs. If you are at vanguard, then no, unless you prefer ETFs. If you are are fidelity or another brokerage, then the ETFs will be slightly more...
by Living Free
Wed Jul 15, 2020 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Helping our Adult Child Buy a Home
Replies: 72
Views: 5627

Re: Helping our Adult Child Buy a Home

I agree - it would be very demoralizing to be an adult and live in a house half owned by one's parents (or even worse, by one's mother/father in law). Especially considering it seems that they both have good jobs. I also agree they should not buy a house together until they're married.
by Living Free
Tue Jul 14, 2020 1:21 pm
Forum: Personal Investments
Topic: TRSPX vs TRIRX
Replies: 5
Views: 272

Re: TRSPX vs TRIRX

well.. this account represents 15% of my Portfolio, I have about 20% international index fund and the rest 60% are between Vanguard Total Stock Market Index Fund and S&P 500 (between taxable and my wife's 401k). This account above will get a smaller percentage of my portfolio with time given it is ...
by Living Free
Tue Jul 14, 2020 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Should I fire my tax preparer?
Replies: 57
Views: 4610

Re: Should I fire my tax preparer?

So far she doesn't seem like she's open to fixing these issues based on our back-and-forth over the last few days. I just sent her an email firing her and asking for a refund. If she doesn't come through, I might pursue a chargeback (I paid with an Amex so my chances are reasonable). Wow, that's so...
by Living Free
Tue Jul 14, 2020 7:34 am
Forum: Personal Investments
Topic: TRSPX vs TRIRX
Replies: 5
Views: 272

Re: TRSPX vs TRIRX

Both US stock funds that track mostly large US companies. The S&P 500 will include value companies in addition to growth companies. Growth has been doing well this past decade so presumably the recent returns of the growth fund are better. I'd do the S&P 500 for the long haul.
by Living Free
Tue Jul 14, 2020 7:26 am
Forum: Personal Investments
Topic: What should I do with my money next?
Replies: 18
Views: 3043

Re: What should I do with my money next?

I agree with above suggestions to make sure you have enough cash (keep a bit more than you think you need but not an outrageous amount) and invest the rest in total US and total international stock index funds such as VTIAX and VTSAX (or the ETF equivalents such as VTI, VXUS, ITOT, IXUS, etc). It's ...
by Living Free
Mon Jul 13, 2020 11:01 am
Forum: Personal Consumer Issues
Topic: Elderly parent living situation
Replies: 37
Views: 2040

Re: Elderly parent living situation

I think your sister is being unreasonable. She wants you to do all the caregiving work and pay for it too. I wonder if she doesn't fully grasp just how much work it is to take care of someone given she's a DINKer and didn't seem to help with your mom either.
by Living Free
Fri Jul 10, 2020 5:56 pm
Forum: Personal Investments
Topic: Best alternative for VTSAX
Replies: 24
Views: 1749

Re: Best alternative for VTSAX

Here's a way to make this more simple for you - keep either one of the 3 funds (large cap index, 500 index, total US stock index) in your Roth IRA and ok to keep dividends automatically reinvested there. Use the other two as TLH partners in your taxable account. You won't be able to harvest quite as...
by Living Free
Fri Jul 10, 2020 7:58 am
Forum: Personal Investments
Topic: Should I leave Wealthfront????
Replies: 15
Views: 1823

Re: Should I leave Wealthfront????

I really don't see any benefit from using the robo advisors over just a target date fund if you're investing in only retirement accounts. A target retirement fund could be had more cheaply than the wealthfront fee. They do like to boast about their tax loss harvesting skills for taxable accounts, th...
by Living Free
Fri Jul 10, 2020 7:51 am
Forum: Personal Consumer Issues
Topic: Are basic minivans/suv "luxury" cars?
Replies: 77
Views: 4134

Re: are basic minivans/suv "luxury" cars?

You should be able to find a 2016 or 2017 sienna or odyssey with sub 45k miles for about $20k maybe a little less or more depending on how good a deal and what the trim/options are.
by Living Free
Wed Jul 08, 2020 7:33 am
Forum: Personal Finance (Not Investing)
Topic: How to sell my car in these times
Replies: 19
Views: 1247

Re: How to sell my car in these times

There are scams in this area where people may in rare cases steal your vehicle. I would not meet at my home but at a local police station. Ask for a copy of a driver's license to be brought, perhaps other identification, and let them drive without you for a specified period of time, definitely not ...
by Living Free
Tue Jul 07, 2020 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: 15 year or 30 year mortgage?
Replies: 104
Views: 7232

Re: 15 year or 30 year mortgage?

If you're unable to afford the home with a 15 year mortgage, there's a good chance that you're buying too much house. I'm not saying that you should go with the 15 year mortgage, but if you cannot afford one, then I wouldn't recommend that you go with a 30 year just to make ends meet. That's a reci...
by Living Free
Tue Jul 07, 2020 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Lexus 0% financing or $3000 cash rebate? Update with more questions
Replies: 79
Views: 5023

Re: Lexus 0% financing or $3000 cash rebate?

Can you take the $3000 rebate and pay cash for the car?
by Living Free
Tue Jul 07, 2020 10:00 am
Forum: Personal Investments
Topic: Keep on buying rentals? Home price is up 4.8%
Replies: 20
Views: 1022

Re: Keep on buying rentals? Home price is up 4.8%

Home price is up 4.8% year to year in May! https://www.calculatedriskblog.com/2020/07/corelogic-house-prices-up-48-year-over.html I own several single family homes as rental properties. Since my tenants paid for all expenses, I estimate my return is 19-24% YTY just on the appreciation alone (not in...
by Living Free
Tue Jul 07, 2020 9:21 am
Forum: Personal Consumer Issues
Topic: Time for a new car?
Replies: 41
Views: 2806

Re: Time for a new car?

Your car is totaled. I'd replace it unless there are economic circumstances which would preclude you from doing so.
by Living Free
Tue Jul 07, 2020 8:50 am
Forum: Personal Finance (Not Investing)
Topic: 15 year or 30 year mortgage?
Replies: 104
Views: 7232

Re: 15 year or 30 year mortgage?

If you're unable to afford the home with a 15 year mortgage, there's a good chance that you're buying too much house. I'm not saying that you should go with the 15 year mortgage, but if you cannot afford one, then I wouldn't recommend that you go with a 30 year just to make ends meet. That's a reci...
by Living Free
Tue Jul 07, 2020 8:15 am
Forum: Personal Consumer Issues
Topic: Password vault or generator?
Replies: 110
Views: 6904

Re: Password vault or generator?

The conclusion that I have come to is that you have 3 options to manage your passwords, which I'll list in order of preference: 1. Use a password manager. Some effort up-front to set up, but once it's there your life will be better. 2. Write down everything on a sheet of paper and store it somewhere...
by Living Free
Tue Jul 07, 2020 7:13 am
Forum: Personal Consumer Issues
Topic: 1st Car Purchase - Volvo XC90 vs. Lexus RX350
Replies: 70
Views: 4941

Re: 1st Car Purchase - Volvo XC90 vs. Lexus RX350

If you do have a 3rd child, a minivan would be the best choice. 3 row SUVs are not as practical as a minivan. Or alternatively try to do 3 across in a 2 row SUV.
by Living Free
Tue Jul 07, 2020 7:07 am
Forum: Personal Investments
Topic: How to invest 6,000 in a 3 fund portfolio when admiral shares have a minimal balance of 3,000?
Replies: 27
Views: 2216

Re: How to invest 6,000 in a 3 fund portfolio when admiral shares have a minimal balance of 3,000?

I agree w above suggestions to just use a single fund (such as target date or life strategy) and then once you have more money in there you can do something more like the 3 fund portfolio. ETFs are an option too but I'd prefer the single fund of funds. Neither is wrong though.
by Living Free
Mon Jul 06, 2020 1:03 pm
Forum: Personal Investments
Topic: 401K / New Job
Replies: 5
Views: 381

Re: 401K / New Job

One thing to consider would be this would potentially affect your ability to do the backdoor Roth IRA. So if your income puts you above the direct Roth IRA contribution range (or if your future income might) then I'd keep it in the 401k.
by Living Free
Wed Jul 01, 2020 8:30 pm
Forum: Personal Investments
Topic: What is the best investment to have for 50 years?
Replies: 16
Views: 1916

Re: What is the best investment to have for 50 years?

Where will this be held? In a taxable account or in a tax advantaged account?
by Living Free
Wed Jul 01, 2020 12:54 pm
Forum: Personal Consumer Issues
Topic: New Vehicle Suggestions - need more utility
Replies: 51
Views: 2865

Re: New Vehicle Suggestions - need more utility

Get a minivan - a toyota sienna with AWD or a front wheel drive sienna or honda odyssey. Easy to transport enormous loads with back row of seats folded down and can tow up to 3500lbs with a trailer when you need more than that (should be quite rare). This would be more practical for your needs than ...
by Living Free
Wed Jul 01, 2020 10:02 am
Forum: Personal Investments
Topic: What happens with the Backdoor Roth IRA if one leaves their job?
Replies: 16
Views: 965

Re: What happens with the Backdoor Roth IRA if one leaves their job?

Note that if you can get that rollover to the 401K done soon, you can still contribute non-deductible contributions to a new IRA for 2019 (to keep the rollover and new contribution separate from each other) if you had wages last year and didn't contribute to an IRA last year. July 15 is the contrib...
by Living Free
Wed Jul 01, 2020 7:30 am
Forum: Personal Consumer Issues
Topic: Thinking of buying a Mercedes SUV
Replies: 42
Views: 2261

Re: Thinking of buying a Mercedes SUV

You don't know true suffering until you've had to pay for maintenance and repairs on an out of warranty German luxury automobile.
by Living Free
Wed Jul 01, 2020 7:08 am
Forum: Personal Investments
Topic: What happens with the Backdoor Roth IRA if one leaves their job?
Replies: 16
Views: 965

Re: What happens with the Backdoor Roth IRA if one leaves their job?

Note that if you can get that rollover to the 401K done soon, you can still contribute non-deductible contributions to a new IRA for 2019 (to keep the rollover and new contribution separate from each other) if you had wages last year and didn't contribute to an IRA last year. July 15 is the contrib...
by Living Free
Tue Jun 30, 2020 8:49 pm
Forum: Investing - Theory, News & General
Topic: Replacing total bond index with gold ETF in my portfolio?
Replies: 16
Views: 1310

Re: Replacing total bond index with gold ETF in my portfolio?

Gold seems really popular lately, based on seeing two threads recently asking about abandoning bonds and using gold instead: viewtopic.php?f=10&t=318887.

Abandoning bonds completely seems excessive. Holding a small amount of gold is probably fine.
by Living Free
Tue Jun 30, 2020 6:57 pm
Forum: Investing - Theory, News & General
Topic: 50% VTSAX (VANGUARD) & 50% Gold (One Gold)
Replies: 53
Views: 4110

Re: 50% VTSAX (VANGUARD) & 50% Gold (One Gold)

Right now I’m 100% VTSAX which I love but I have been listening to people saying low bond yields, the dollar is heading for a decline and a mother of all bubbles will burst in us equities. Although I plan on 2% real. I’m just afraid that putting all my eggs in that basket could result in Japan’s -1...
by Living Free
Tue Jun 30, 2020 11:09 am
Forum: Personal Consumer Issues
Topic: Seeking input on type of family car to purchase and whether to buy new or used
Replies: 37
Views: 1524

Re: Seeking input on type of family car to purchase and whether to buy new or used

Used honda odyssey or toyota sienna minivan, about 4 years old with about 35k miles, can be found for about $20k pretty easily per my researching autotrader.com. We have two small kids and I wish we had a minivan. Our Mazda CX5 is very nice, but I'd like more room for when we go on trips and etc. I'...
by Living Free
Tue Jun 30, 2020 8:42 am
Forum: Personal Investments
Topic: Portfolio review please - [somewhere in the middle]
Replies: 6
Views: 630

Re: Portfolio review please - [somewhere in the middle]

It's been asked twice above already, but I also feel compelled to ask -- why not use your 401k?
by Living Free
Mon Jun 29, 2020 12:53 pm
Forum: Investing - Theory, News & General
Topic: 50% VTSAX (VANGUARD) & 50% Gold (One Gold)
Replies: 53
Views: 4110

Re: 50% VTSAX (VANGUARD) & 50% Gold (One Gold)

Why do you expect gold to return 2% real? I expect it to return 0% real, as it does not do anything (doesn't pay rent or sell products or give interest or etc).
by Living Free
Mon Jun 29, 2020 7:32 am
Forum: Personal Consumer Issues
Topic: Need tips on buying a used car with a trade in
Replies: 20
Views: 1029

Re: Need tips on buying a used car with a trade in

I've used autotrader for the search for my two recent used car purchases (in 2017 and 2019; a 2013 honda fit sport and then a 2016 mazda cx5). I was unfortunately not able to negotiate the price down further (the dealership network had a hard no haggle policy) but at least knew that the price was go...