Search found 51 matches

by EricLThomp
Wed Jul 29, 2020 5:08 pm
Forum: Personal Investments
Topic: Portfolio Analysis please
Replies: 56
Views: 4876

Re: Portfolio Analysis please

Assessing outcomes. Your intended rate of contributions is excellent ($69k annually). Here are calculators you can use to assess the range of possible outcomes, based on your expected levels of contributions: 1) www.firecalc.com; and 2) www.i-orp.com. Education. A quick education for a beginning in...
by EricLThomp
Wed Jul 29, 2020 1:23 pm
Forum: Personal Investments
Topic: Portfolio Analysis please
Replies: 56
Views: 4876

Re: Portfolio Analysis - Advisor moved me from all S&P to these...thoughts?

Desired International allocation: Not sure. One reason I’m here. Will she be eligible for both a pension and Social Security? (This will impact the asset allocation decision, and also the traditional vs Roth choice.) Yes, we will actually both be eligible for SS. Thinking we should take it at 67. H...
by EricLThomp
Wed Jul 29, 2020 11:18 am
Forum: Personal Investments
Topic: Portfolio Analysis please
Replies: 56
Views: 4876

Re: Advisor moved me from all S&P to these...thoughts?

Thanks so much all for your comments and guidance. I took the advice and posted a request for portfolio review here: viewtopic.php?f=1&t=321453
by EricLThomp
Wed Jul 29, 2020 11:16 am
Forum: Personal Investments
Topic: Portfolio Analysis please
Replies: 56
Views: 4876

Portfolio Review Please (guidance greatly appreciated)

[Update starts here --admin LadyGeek] Emergency funds: $26,000 with CapOne 360 (currently earning .8% ugh) monthly expenses roughly $3,000 Income: his W2 - $60k her W2 - $36k both 1099 side hustle income reported in 2019 - $23k Net income for 2019 (after 401k contributions, etc.) - $72k (was on une...
by EricLThomp
Wed Jul 29, 2020 12:23 am
Forum: Personal Investments
Topic: Portfolio Analysis please
Replies: 56
Views: 4876

Re: Advisor moved me from all S&P to these...thoughts?

Thanks for all the tips everyone. I am getting together everything to be able to fill out the template for a review. I’ll post the link here probably tomorrow.... man that’s a lot of info to get together with the available funds, ERs, etc. I’ll do my best!
by EricLThomp
Tue Jul 28, 2020 9:48 pm
Forum: Personal Investments
Topic: Portfolio Analysis please
Replies: 56
Views: 4876

Re: Advisor moved me from all S&P to these...thoughts?

OP here. So the consensus is basically we’re better off leaving the accounts in the lower ER S&P500 funds and not really worry about diversification?
by EricLThomp
Tue Jul 28, 2020 9:38 pm
Forum: Personal Investments
Topic: Portfolio Analysis please
Replies: 56
Views: 4876

Re: Advisor moved me from all S&P to these...thoughts?

OP here. By “free” I mean I am not paying the advisor. I know every 401k plan etc collects fees from the participant, but how would this advisor be getting any fees from me, if they have no access to my accounts and there is no actual funds under management by the advisor?
by EricLThomp
Tue Jul 28, 2020 8:00 pm
Forum: Personal Investments
Topic: Portfolio Analysis please
Replies: 56
Views: 4876

Re: Advisor moved me from all S&P to these...thoughts?

1. Tread carefully 2. Edward Jones? 3. Read the wiki and “getting started” before committing and shifting funds. 4. Why do you need a financial advisor? 5. Search the forum archives for “financial advisor” and read and keep reading the threads. And then read more. 6. You have nothing to lose and ev...
by EricLThomp
Tue Jul 28, 2020 7:50 pm
Forum: Personal Investments
Topic: Portfolio Analysis please
Replies: 56
Views: 4876

Portfolio Analysis please

[Title was "Advisor moved me from all S&P to these...thoughts?", see update below . --admin LadyGeek] UPDATE: posting the request for review here at the top, because it feels like the merge buried it. Thanks. Emergency funds: $26,000 with CapOne 360 (currently earning .8% ugh) <-- any...
by EricLThomp
Fri Nov 08, 2019 2:39 pm
Forum: Personal Investments
Topic: Out of my current stocks, what should I buy/sell?
Replies: 4
Views: 541

Out of my current stocks, what should I buy/sell?

Here are my stock pies.
Any current sells/buys to be had here? Advice appreciated.

https://m1.finance/8EIeIf3oy
https://m1.finance/rKidoOznt
by EricLThomp
Thu Apr 25, 2019 12:58 pm
Forum: Personal Investments
Topic: Roth IRA allocation advice needed
Replies: 2
Views: 376

Re: Roth IRA allocation advice needed

It is impossible to answer your question without more information. Do you have any other accounts? How are those allocated? Even without context I can tell you that $10,000 is nothing so it doesn't matter what you hold. But certainly 5% of $10,000 is completely irrelevant. It wouldn't affect your r...
by EricLThomp
Thu Apr 25, 2019 12:34 pm
Forum: Personal Investments
Topic: Roth IRA allocation advice needed
Replies: 2
Views: 376

Roth IRA allocation advice needed

What do you think of this mix, and how would you re-structure it? Roth IRA, balance below $10,000, retirement horizon 12 years.

VTI - 65%
BSV - 15%
VXUS - 10%
VNQ - 5%
VYM - 5%
by EricLThomp
Thu Apr 04, 2019 3:15 pm
Forum: Personal Investments
Topic: Ultimate Buy and Hold...thoughts?
Replies: 43
Views: 8551

Ultimate Buy and Hold...thoughts?

Thinking of doing "portfolio 8" in a Traditional IRA and just letting it ride until I die. Thoughts?

https://paulmerriman.com/the-ultimate-b ... tegy-2019/

https://paulmerriman.com/wp-content/upl ... eturns.pdf
by EricLThomp
Wed Mar 13, 2019 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for advice - HELOC, Refi or do nothing?
Replies: 9
Views: 697

Re: Looking for advice - HELOC, Refi or do nothing?

Good point. I discarded the credit score part. OP, are you checking your credit scores from Credit Karma or somewhere like that? Realize the mortgage folks see a different credit score than that and it's lower than what you will find on your own. I don't know why or what score they see. But, your 7...
by EricLThomp
Tue Mar 12, 2019 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for advice - HELOC, Refi or do nothing?
Replies: 9
Views: 697

Looking for advice - HELOC, Refi or do nothing?

My wife and I are retiring in 12 years. We have a mortgage that we want to get rid of, and sell the house about the time of retirement, or a year or so before. So we want to "keep it", just long enough to have a place to stay while we finish working, pay it off... and then sell it. Here ar...
by EricLThomp
Sat Feb 09, 2019 2:52 pm
Forum: Personal Investments
Topic: What to invest in after 401k and Roth maxed?
Replies: 8
Views: 1296

What to invest in after 401k and Roth maxed?

What do you put in your taxable account once all other vehicles are maxed?
Who do you use and how are they?
by EricLThomp
Thu Feb 07, 2019 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: When to withdraw from these accounts after retirement?
Replies: 11
Views: 1345

Re: When to withdraw from these accounts after retirement?

You may know this, but it's unclear from your post, so keep in mind that the "rule" of 55 simply states that a plan MAY allow penalty free withdrawals for those who separate from service in the year they turn 55 or older, not that they must, so check with your particular plan. That's not ...
by EricLThomp
Wed Feb 06, 2019 3:25 pm
Forum: Personal Investments
Topic: Need advice on M1 investment allocations (2 links)
Replies: 2
Views: 220

Need advice on M1 investment allocations (2 links)

Should I replace these:
https://imgur.com/M9O365O

With this one:
https://imgur.com/40fKnlO

Never mind, VINIX isn't available on M1. Is there something comparable?

Thanks!
-Eric
by EricLThomp
Wed Feb 06, 2019 3:10 pm
Forum: Personal Investments
Topic: Mass Mutual investment election assistance please
Replies: 8
Views: 504

Re: Mass Mutual investment election assistance please

OK, looks like I've made my choice. The 2030 fund is .09% expense ratio and the Vanguard Institutional Index Fund is only .04%, not to mention the performance looks a lot better.

Thanks for the input!
-E
by EricLThomp
Wed Feb 06, 2019 11:32 am
Forum: Personal Investments
Topic: Mass Mutual investment election assistance please
Replies: 8
Views: 504

Mass Mutual investment election assistance please

Hypothetically, this person is retiring in 12 years. For someone who has basically very little saved up, what would be the way to go? This is a MassMutual 401k. Employer match 3%. These are the choices: Fixed Interest Fund MassMutual Premier U.S. Government Money Market Fund PIMCO Real Return Fund W...
by EricLThomp
Mon Feb 04, 2019 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: When to withdraw from these accounts after retirement?
Replies: 11
Views: 1345

When to withdraw from these accounts after retirement?

Planning to retire early. What is the proper timing to draw from the accounts below? Any tips, gotchas or uh-ohs? Should we pull from one account until depleted, or jump to the next account at the appropriate age, leaving a balance? I'm currently 43, will be 55: 1st - 401k - IRS Rule of 55, pull wit...
by EricLThomp
Sun Feb 03, 2019 10:35 pm
Forum: Personal Investments
Topic: What would your retirement strategy be in my case? (UPDATED info)
Replies: 14
Views: 1565

Re: What would your retirement strategy be in my case? (UPDATED info)

sergeant wrote: Sun Feb 03, 2019 9:58 pm How do you plan on collecting SS when you are 55?
It wouldn’t be at 55. Wouldn’t tap SS until other accounts are depleted, and I pass 62.
by EricLThomp
Sun Feb 03, 2019 9:39 pm
Forum: Personal Investments
Topic: What would your retirement strategy be in my case? (UPDATED info)
Replies: 14
Views: 1565

Re: What would your retirement strategy be in my case? (UPDATED info)

Have you taken a 1-2 week vacation and rented an airstream to try out the lifestyle? Would be a shame to aim in that direction and then decide you actually hate it. Your mortgage rate is insanely high. Are your credit scores poor? Why haven't you refinanced? If you refinanced into a 15 year @ 3.75%...
by EricLThomp
Sun Feb 03, 2019 9:12 pm
Forum: Personal Investments
Topic: What would your retirement strategy be in my case? (UPDATED info)
Replies: 14
Views: 1565

What would your retirement strategy be in my case? (UPDATED info)

I posted this about 6 months ago, but have updated the numbers and ask some different questions... My wife and I are planning to retire early...Jan 2031. I will be 55, she will be 52. I'm currently 43, she is 40. The reason we want to retire early is we are both already fed up of working basically, ...
by EricLThomp
Thu Nov 22, 2018 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: DIY way to leave beneficiaries your home
Replies: 7
Views: 1092

DIY way to leave beneficiaries your home

Have a house valued about $150k. My wife and I are co-owners. We want to leave it to our two sons if we were to both die (in a car crash for example) I know she gets it if I die, and vice versa...We are 43/39 and kids are 20/15 Wanted to know the best DIY way to avoid probate or have the need to hav...
by EricLThomp
Tue Oct 09, 2018 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to pay this car loan off?
Replies: 17
Views: 982

Re: Best way to pay this car loan off?

all those payments and you really only paid $55 extra $1205-($575*2 months)=$55 make the monthly payment and add a few extra dollars... I'm surprised the loan company is even letting you make these small payments (No expertise, just my thoughts) Well, technically, the loan originated at the end of ...
by EricLThomp
Tue Oct 09, 2018 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to pay this car loan off?
Replies: 17
Views: 982

Re: Best way to pay this car loan off?

As far as I know and from everything I have seen (I am in this business) - just making extra payments (of any amount) or including more with the regular payment reduces the interest you are charged and pays the loan off more quickly. Here is just one example - Suppose a car loan with 60 month term ...
by EricLThomp
Tue Oct 09, 2018 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to pay this car loan off?
Replies: 17
Views: 982

Re: Best way to pay this car loan off?

OP here. Everything else is fully funded (401k, Roth, HSA, etc.) so not worried about this small amount of cash. This is a credit union auto loan and I have an account there where money gets direct deposited in every 2 weeks from a small recurring side job, and weekly from my son who I'm selling ano...
by EricLThomp
Tue Oct 09, 2018 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to pay this car loan off?
Replies: 17
Views: 982

Re: Best way to pay this car loan off?

all those payments and you really only paid $55 extra $1205-($575*2 months)=$55 make the monthly payment and add a few extra dollars... I'm surprised the loan company is even letting you make these small payments (No expertise, just my thoughts) Well, technically, the loan originated at the end of ...
by EricLThomp
Tue Oct 09, 2018 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to pay this car loan off?
Replies: 17
Views: 982

Re: Best way to pay this car loan off?

Nissanzx1 wrote: Tue Oct 09, 2018 1:28 pm From what I'm seeing it doesn't look like you have ever payed a full payment? Check that you aren't showing late right now.

Generally you must at least pay one full payment every month.
No, it's showing a due date of 11/20 (skipping 10/20 according to them)
by EricLThomp
Tue Oct 09, 2018 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to pay this car loan off?
Replies: 17
Views: 982

Best way to pay this car loan off?

Below is what it's looking like now. We just throw money consistently at it every week. Should we let it build first, pay the actual required payment, and then pay another large chunk separate and apply towards principal only? Looks like they're taking out interest on just about every payment. Advic...
by EricLThomp
Sun Sep 30, 2018 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 no beneficiary option
Replies: 41
Views: 9892

Re: Capital One 360 no beneficiary option

I have an account with them also. Forgive me if this has been mentioned somewhere (haven't read all the replies yet), but you could just leave your user/password somewhere with your beneficiary (envelope marked "open when I die"), in a safe that they have a password to, in a will, and have...
by EricLThomp
Thu Sep 20, 2018 3:33 pm
Forum: Personal Investments
Topic: Massmutual 401k investment selections listed. What's best for me?
Replies: 2
Views: 457

Massmutual 401k investment selections listed. What's best for me?

Here's the list of all my choices. What looks worth checking into, and what would you stay away from? I am 43, retiring at 55, and I'm starting maxing all my accounts Jan 1. Obviously I don't have much time, so I need some growth. I have other accounts too, RothIRA, HSA, SS, so does my wife and we'r...
by EricLThomp
Thu Sep 20, 2018 3:08 pm
Forum: Personal Investments
Topic: Retiring at 55 - regular 401k vs. ROTH 401k....which?
Replies: 10
Views: 1225

Re: Retiring at 55 - regular 401k vs. ROTH 401k....which?

OP, (1) That depends on whether you want to reduce your current tax. Roth 401k will not be tax deductible now, but regular 401k will. (2) You can withdraw from your Roth 401k before 59 1/2. There are many threads on how to do this. (3) Most plans will match both roth and regular. Please check your ...
by EricLThomp
Thu Sep 20, 2018 2:51 pm
Forum: Personal Investments
Topic: Retiring at 55 - regular 401k vs. ROTH 401k....which?
Replies: 10
Views: 1225

Retiring at 55 - regular 401k vs. ROTH 401k....which?

My company has us setup in a regular 401k with mass-mutual by default (with a 3% match). It looks like they also have a Roth 401k available. 1) Would my best bet be to put everything into the Roth 401k, then when I retire at 55, roll it into my M1 or Vanguard Roth IRA account to be able to draw from...
by EricLThomp
Wed Sep 19, 2018 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: What's the best early retirement strategy for us?
Replies: 39
Views: 3402

Re: What's the best early retirement strategy for us?

What is a good basic strategy? Payoff mortgage early, refinance, max out retirement plans...we need some order to the chaos :) Doesn't really matter. Pretty much all that does is getting that 48k/year into savings by either paying off the house or getting in the retirement accounts. Save that for 1...
by EricLThomp
Wed Sep 19, 2018 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: What's the best early retirement strategy for us?
Replies: 39
Views: 3402

Re: What's the best early retirement strategy for us?

What is a good basic strategy? Payoff mortgage early, refinance, max out retirement plans...we need some order to the chaos :) Doesn't really matter. Pretty much all that does is getting that 48k/year into savings by either paying off the house or getting in the retirement accounts. Save that for 1...
by EricLThomp
Wed Sep 19, 2018 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: What's the best early retirement strategy for us?
Replies: 39
Views: 3402

Re: What's the best early retirement strategy for us?

We have been FT for 2 years now and love not having the yard work and home maintenance to do, along with being able to follow the weather and see new vistas outside our window. I do think that folks can boondock in an RV and live a very frugal lifestyle for $2000 per month or less for a few years. ...
by EricLThomp
Wed Sep 19, 2018 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: What's the best early retirement strategy for us?
Replies: 39
Views: 3402

Re: What's the best early retirement strategy for us?

We are fulltimers ourselves so I understand why it appeals to you. You think that you would be able to live on $2,000 per month in your paid for Airstream and truck because you have heard other people do it. You very possibly could, but have you actually figured out what your own budget would be, i...
by EricLThomp
Wed Sep 19, 2018 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: What's the best early retirement strategy for us?
Replies: 39
Views: 3402

Re: What's the best early retirement strategy for us?

You need to prepare more. Upping to $150 per pay period? I would think you would want to be putting more like a grand per period between the two of you. How do you plan to pay for health insurance? I understand you're figuring that selling the house will pay for the truck and trailer. Ok, for the t...
by EricLThomp
Wed Sep 19, 2018 11:12 am
Forum: Personal Finance (Not Investing)
Topic: What's the best early retirement strategy for us?
Replies: 39
Views: 3402

Re: What's the best early retirement strategy for us?

You're right, the plan is not even quite a year old. A year ago there were no RothIRA or HSA accounts, minimal saving for the 401k accounts, no money market account for emergencies (there's $14k there now), living paycheck to paycheck, no budget. The behavior has done a 180. All of those components...
by EricLThomp
Wed Sep 19, 2018 11:10 am
Forum: Personal Finance (Not Investing)
Topic: What's the best early retirement strategy for us?
Replies: 39
Views: 3402

Re: What's the best early retirement strategy for us?

Why did you not refinance to a lower mortgage rate anytime in the last 15 years? You could have saved tens of thousands. How will you pay for your 16YO's college tuition (assuming the plan includes college)? How will you pay for healthcare before Medicare kicks in? That alone can be many hundreds i...
by EricLThomp
Wed Sep 19, 2018 10:41 am
Forum: Personal Finance (Not Investing)
Topic: What's the best early retirement strategy for us?
Replies: 39
Views: 3402

Re: What's the best early retirement strategy for us?

It sounds like this is a new plan. If I'm reading correctly, you don't have much in the way of assets so far. While you are correct that the concept is achievable, I wonder if this is a bit of a pipe dream. The reason is that you don't appear to have taken much, if any, action toward saving this $4...
by EricLThomp
Wed Sep 19, 2018 10:24 am
Forum: Personal Finance (Not Investing)
Topic: What's the best early retirement strategy for us?
Replies: 39
Views: 3402

Re: What's the best early retirement strategy for us?

I would start by line-item estimation of expenses instead of relying on what others have told you. I don’t believe $2k. The Airstream purchase needs to be financed. Then it requires insurance and maintenance, depreciates in value and needs to be replaced, so you need its replacement in your savings...
by EricLThomp
Wed Sep 19, 2018 9:37 am
Forum: Personal Finance (Not Investing)
Topic: What's the best early retirement strategy for us?
Replies: 39
Views: 3402

Re: What's the best early retirement strategy for us?

Do you follow? https://astreaminlife.com/ 2031 is a (long) ways away. 55 doesn't qualify as "early" when people are doing it at 33,35,37. No magic answer. You have to spend less and save more. Set a goal of maxing your pre-tax 401k/403b and Roth IRA each year for both of you. That match i...
by EricLThomp
Wed Sep 19, 2018 9:29 am
Forum: Personal Finance (Not Investing)
Topic: What's the best early retirement strategy for us?
Replies: 39
Views: 3402

Re: What's the best early retirement strategy for us?

My wife and I are planning to retire early...in Jan 2031. I will be 55, she will be 52. I'm currently 43, she is 39. The reason we want to retire early is we are both already fed up of working basically, and more importantly, we got the Airstream bug and want to buy a nice rig and travel full time....
by EricLThomp
Wed Sep 19, 2018 9:20 am
Forum: Personal Finance (Not Investing)
Topic: What's the best early retirement strategy for us?
Replies: 39
Views: 3402

Re: What's the best early retirement strategy for us?

My wife and I are planning to retire early...in Jan 2031. I will be 55, she will be 52. I'm currently 43, she is 39. The reason we want to retire early is we are both already fed up of working basically, and more importantly, we got the Airstream bug and want to buy a nice rig and travel full time....
by EricLThomp
Wed Sep 19, 2018 8:46 am
Forum: Personal Finance (Not Investing)
Topic: What's the best early retirement strategy for us?
Replies: 39
Views: 3402

Re: What's the best early retirement strategy for us?

If you plan on living the rv lifestyle, I would assume that means you will sell your home when you retire, so I would not pay off the mortgage. You will need to save like crazy to make this work. Read about ways to access retirement funds early here: https://www.madfientist.com/how-to-access-retire...
by EricLThomp
Tue Sep 18, 2018 11:14 pm
Forum: Personal Investments
Topic: Please review my wife's 457 allocations
Replies: 3
Views: 406

Re: Please review my wife's 457 allocations

Sure, sorry about the lack of info. Nationwide Destination 2045 Fund - Institutional Service Class = 0.64% Nationwide Small Company Growth InSvc = 1.19% Nationwide S&P 500 Index Instl Svc = 0.42% T. Rowe Price Growth Stock Adv = 0.92% We have Roth IRAs with M1 and Vanguard that are just starting...
by EricLThomp
Tue Sep 18, 2018 11:06 pm
Forum: Personal Finance (Not Investing)
Topic: What's the best early retirement strategy for us?
Replies: 39
Views: 3402

What's the best early retirement strategy for us?

My wife and I are planning to retire early...in Jan 2031. I will be 55, she will be 52. I'm currently 43, she is 39. The reason we want to retire early is we are both already fed up of working basically, and more importantly, we got the Airstream bug and want to buy a nice rig and travel full time. ...