Search found 224 matches

by retiredflyboy
Sat May 16, 2020 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Increase Emergency Fund?
Replies: 16
Views: 1537

Re: Increase Emergency Fund?

You are wise beyond your years! Looks like you have 120 days of expenses which is a decent emergency find. But yes, increase that fund given the situation you are in. Divert dollars from retirement and cut back where you can. Perhaps as a compromise contribute up to the matching limit of you 401k bu...
by retiredflyboy
Tue May 12, 2020 9:58 pm
Forum: Personal Investments
Topic: Paul Merriman VG recommended emergency fund
Replies: 68
Views: 6857

Re: Paul Merriman VG recommended emergency fund

Keep it simple and keep all emergency funds in Prime Money Market and be done. I personally use high yield online bank for emergency fund, but vanguard prime is a good choice. This is what we have done. Prime money market fund and done. I assume you hold this in a taxable account for easy access? A...
by retiredflyboy
Mon May 11, 2020 9:30 pm
Forum: Investing - Theory, News & General
Topic: At what moment does retirement begin?
Replies: 64
Views: 5012

Re: At what moment does retirement begin?

Last day was December 31, 2012. So at 12:00 am on Jan. 1, 2013 I was retired. I rang in the new year as a new retiree! From a more practical perspective, when I left work on December 31, 2012 I was retired.
by retiredflyboy
Sun May 10, 2020 8:31 pm
Forum: Personal Investments
Topic: Illinois 529 Brightstart investment option & fees question
Replies: 9
Views: 541

Re: Illinois 529 Brightstart investment option & fees question

Illinois resident and 529 plan holder. I have age based aggressive using vanguard index funds for my two grandchildren. Expense .12%. This is the same expense regardless of aggressive, moderate or conservative using the index option.
by retiredflyboy
Tue May 05, 2020 10:22 pm
Forum: Personal Investments
Topic: 100K savings, where to invest for long term?
Replies: 8
Views: 1120

Re: 100K savings, where to invest for long term?

529 plan in an age based target fund if available. Total stock market index fund at Vanguard for retirement. If your state has a good 529 and taking the deduction works well do that, if not look at some other plans to have low cost index/target age funds.
by retiredflyboy
Tue May 05, 2020 9:52 pm
Forum: Personal Investments
Topic: Best online savings bank
Replies: 21
Views: 2846

Re: Best online savings bank

Ally Bank is a solid choice for checking and savings. I have both and am pleased.
by retiredflyboy
Mon Apr 20, 2020 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: How concerned should I be about being over the FDIC Insurance Limit
Replies: 11
Views: 1182

Re: How concerned should I be about being over the FDIC Insurance Limit

I would not put one penny at risk! Stay under the FDIC limit with all dollars. Not a risk worth taking.
by retiredflyboy
Fri Apr 17, 2020 12:11 am
Forum: Personal Finance (Not Investing)
Topic: [Government stimulus payments]
Replies: 351
Views: 27170

Re: [Government stimulus payments]

Received $2350 direct deposit on Wednesday 4/15. Filed 2019 taxes in time for it to be used. The 2018 AGI was higher then 2019.
by retiredflyboy
Wed Apr 08, 2020 5:56 pm
Forum: Personal Investments
Topic: Move Vanguard funds to Fidelity?
Replies: 20
Views: 1243

Re: Move Vanguard funds to Fidelity?

To answer your question, nothing wrong at all.
by retiredflyboy
Tue Apr 07, 2020 10:27 pm
Forum: Personal Investments
Topic: Another Lump Sum vs Monthly Pension Question
Replies: 26
Views: 1413

Re: Another Lump Sum vs Monthly Pension Question

Life time income is a very nice thing to have. The 100% survived benefit is even more appealing. Certainly consider all the excellent advice you are receiving, but I would have as your default to take the pension and become convinced otherwise.
by retiredflyboy
Sat Mar 14, 2020 11:00 pm
Forum: Personal Investments
Topic: Sell bonds and buy stock now?
Replies: 7
Views: 829

Re: Sell bonds and buy stock now?

No body knows where the low is. I would just sell bonds to rebalance your desired asset allocation. If you can increase contributions to rebalance that is good as well.
by retiredflyboy
Fri Mar 13, 2020 10:17 pm
Forum: Non-US Investing
Topic: Market crash. Should I put it all in at once or dollar cost average???
Replies: 10
Views: 1420

Re: Market crash. Should I put it all in at once or dollar cost average???

My approach is to hedge by putting 1/2 in lump sum and dollar cost average the remaining 1/2. If the market continues down you continue to buy lower with up to half the money and if the market goes up from here you caught the bottom with 1/2 the money. Of course it will be some variation of my examp...
by retiredflyboy
Sat Feb 22, 2020 7:39 pm
Forum: Personal Investments
Topic: Fidelity vs Vanguard difference for taxable account?
Replies: 23
Views: 1928

Re: Fidelity vs Vanguard difference for taxable account?

I’m in Vanguard, but just use Fidelity to keep it simple. Both are great fund families!
by retiredflyboy
Thu Feb 13, 2020 11:05 pm
Forum: Personal Investments
Topic: Investing money for the next 6 years
Replies: 34
Views: 4255

Re: Investing money for the next 6 years

30% total stock market and 70% prime money market.
by retiredflyboy
Mon Feb 03, 2020 11:22 pm
Forum: Personal Finance (Not Investing)
Topic: who do you bank with and why?
Replies: 97
Views: 6945

Re: who do you bank with and why?

My local B&M bank for checking and day to day. Ally bank for savings tied to local checking account for ACH transfer if needed.
by retiredflyboy
Sat Dec 28, 2019 11:22 pm
Forum: Personal Investments
Topic: Should I sell my farmland and buy stocks?
Replies: 65
Views: 5316

Re: Should I sell my farmland and buy stocks?

Keep the land. Cash rent seems very reasonable and my guess is your tenant brings additional value if he has farmed it for 30 years. A long term relationship can be very valuable. A good steward of your land represents value. I think as you get older you will value the land and it’s heritage more an...
by retiredflyboy
Sun Dec 22, 2019 8:34 pm
Forum: Personal Investments
Topic: May I expedite early retirement?
Replies: 71
Views: 7377

Re: May I expedite early retirement?

Make sure how your parents feel about this. They may be doing better then you think. Keep working, much to young to retire. Keep good contact with them and at least wait until needed. They have been through much in their lives and I doubt that a broken wrist is going to stop them.
by retiredflyboy
Sat Dec 21, 2019 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 896
Views: 149916

Re: High Earners - What's Your Profession?

I was a pilot. Fixed wing and rotorcraft.
by retiredflyboy
Fri Dec 13, 2019 10:46 pm
Forum: Personal Consumer Issues
Topic: Should I buy a new or used Toyota Camry?
Replies: 83
Views: 4359

Re: Should I buy a new or used Toyota Camry?

Buy new and keep the car for many years. There are a lot of safety features on the new Camry.
by retiredflyboy
Mon Dec 09, 2019 10:10 pm
Forum: Investing - Theory, News & General
Topic: What return is Vanguard Prime Money Market Fund returning?
Replies: 21
Views: 1853

Re: What return is Vanguard Prime Money Market Fund returning?

:wink:
Jesteroftheswamp wrote:
Mon Dec 09, 2019 8:36 pm
greg24 wrote:
Mon Dec 09, 2019 11:59 am
Current 7-day yield is 1.72%.

I have found that PMM is near the top in money market returns. There is always something better, but generally not by a lot.
Does the 1.72% include expense ratio already factored in?
Yes
by retiredflyboy
Sat Dec 07, 2019 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: Where to hold cash/emergency fund money?
Replies: 23
Views: 3248

Re: Where to hold cash/emergency fund money?

I like what you are doing
by retiredflyboy
Sat Dec 07, 2019 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: Help me pick a health plan (PPO vs EPO vs HDHP)
Replies: 17
Views: 1074

Re: Help me pick a health plan (PPO vs EPO vs HDHP)

HD and take the employer $500 HSA offer. I assume you can change each year during an open enrollment.
by retiredflyboy
Wed Dec 04, 2019 9:48 pm
Forum: Personal Investments
Topic: Choosing between 529 Plans
Replies: 22
Views: 927

Re: Choosing between 529 Plans

Here’s what Morningstar had to say about Bright Start in October 2019: “The Illinois Bright Start Direct-Sold College Savings Program boasts an impressive fund lineup, strong plan oversight, and competitive fees. It remains a top choice for college savers and retains its Morningstar Analyst Rating o...
by retiredflyboy
Tue Dec 03, 2019 2:04 pm
Forum: Personal Investments
Topic: Choosing between 529 Plans
Replies: 22
Views: 927

Re: Choosing between 529 Plans

My wife and I have been using the Illinois (Bright Start) 529 for our 2 grandchildren for about 4 years. As you probably know, Illinois is one of a handful of 5 star rated states and has funds with very low expenses. We use the age based plans for a one and done solution. You are very responsible an...
by retiredflyboy
Fri Nov 29, 2019 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance for 64 yr old until Medicare
Replies: 10
Views: 996

Re: Health insurance for 64 yr old until Medicare

Could you dad work 8 more months? Any chance of less days/hours but still keep health insurance? Cobra, ACA, or check with health care broker and see what’s available off the health care exchange. There are short term policies if your mom is healthy that might be worth a look? Not sure how long they...
by retiredflyboy
Fri Nov 29, 2019 8:18 pm
Forum: Personal Investments
Topic: Recovering from bad advice from advisor
Replies: 25
Views: 2908

Re: Should I sell my dreadful energy fund at a bad loss?

It’s only 1.7% of your portfolio so I would just hold onto it. If this is in s taxable account and you have had some gains you could sell it. I guess you could hedge and sell 1/2 of it. Might be able to feel better and if it skyrocketed you kept some. Keep in mind, that total stock market index hold...
by retiredflyboy
Wed Nov 27, 2019 2:21 pm
Forum: Personal Investments
Topic: What am I doing Incorrectly? [Help with Roth 401(k)]
Replies: 52
Views: 3681

Re: What am I doing Incorrectly?

Congrats on how well you are doing at such a young age. Time is on your side and the best thing you can do is pay yourself first with pretax dollars and/or into Roth. Good on getting all the match you can and 15% is a good amount to be putting away, but 20% is even better. The power of time and comp...
by retiredflyboy
Wed Nov 27, 2019 2:09 pm
Forum: Investing - Theory, News & General
Topic: Where to put the money saved for home down payment?
Replies: 27
Views: 3375

Re: Where to put the money saved for home down payment?

I always try and keep things as simple as possible so I would just stay where you are or any other online high yielding bank or something like Vanguard Prime Money Market. I am keeping some dollars liquid for a purchase of some farm land but only after the sell of some other land. I have that all in...
by retiredflyboy
Tue Nov 26, 2019 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement age for planning purposes
Replies: 41
Views: 3245

Re: Retirement age for planning purposes

I think for many people it is age 65 (Medicare age) simply because of health insurance.
by retiredflyboy
Tue Nov 26, 2019 12:20 am
Forum: Personal Investments
Topic: Paul Merriman VG recommended emergency fund
Replies: 68
Views: 6857

Re: Paul Merriman VG recommended emergency fund

Keep it simple and keep all emergency funds in Prime Money Market and be done. I personally use high yield online bank for emergency fund, but vanguard prime is a good choice.
by retiredflyboy
Tue Nov 26, 2019 12:17 am
Forum: Personal Investments
Topic: Another take a lump sum or pension question
Replies: 23
Views: 1208

Re: Another take a lump sum or pension question

Given your situation where you have plenty of life time income..... pension and SS keep it simple and take lump sum and be done with it.
by retiredflyboy
Tue Nov 26, 2019 12:09 am
Forum: Personal Finance (Not Investing)
Topic: Medicare: Just Starting Down The Rabbit Hole
Replies: 53
Views: 4341

Re: Medicare: Just Starting Down The Rabbit Hole

I should have added to make sure you sign up for medigap coverage on time during your guarantee sign up period. After the 6 month window you can be turned down or have premium increased because of existing health issues. So to really emphasize, be early/on time and make your default original Medicar...
by retiredflyboy
Mon Nov 25, 2019 11:48 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare: Just Starting Down The Rabbit Hole
Replies: 53
Views: 4341

Re: Medicare: Just Starting Down The Rabbit Hole

You are dead on when it comes to making sure you sign up for Medicare part A &B when eligible to avoid laps in coverage and also higher fees for being late. Also true for Part D prescription drug plan. There are a few exceptions to the above rule, but this should be your default position and since y...
by retiredflyboy
Sun Nov 17, 2019 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: Are federal health benefits worth postponing early retirement?
Replies: 60
Views: 6548

Re: Are federal health benefits worth postponing early retirement?

57 is still very young. Nice to have health care insurance in retirement. Health insurance is provided for me in retirement and that’s huge in order to get to Medicare age.
by retiredflyboy
Sun Nov 17, 2019 8:52 pm
Forum: Personal Investments
Topic: Dividends or Re-balance?
Replies: 9
Views: 770

Re: Dividends or Re-balance?

Stick with your plan. I take my pension, interest from bond fund and dividends from stock fund. All are direct deposited to my checking account. I am assuming a taxable account.
by retiredflyboy
Fri Nov 15, 2019 10:54 pm
Forum: Personal Investments
Topic: What is YOUR formula in determining whether you're FI? And what did you do after you reach FI?
Replies: 25
Views: 2920

Re: What is YOUR formula in determining whether you're FI? And what did you do after you reach FI?

When pension (COLA) income covered all necessary expenses and the house was paid off. Also, investment income covered the rest of the budget not counting rental realestate income or social security. I retired and my wife started a phase out and retired 2 years later.
by retiredflyboy
Mon Oct 07, 2019 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security
Replies: 7
Views: 1460

Re: Social Security

Hard to find an investment where you get a 6 to 8% increase on top of inflation for each year you delay. :sharebeer
by retiredflyboy
Sun Sep 29, 2019 10:23 pm
Forum: Personal Investments
Topic: stock investing for house downpayment
Replies: 15
Views: 1523

Re: stock investing for house downpayment

Yes, sell stock and place in an online bank such as Ally.
by retiredflyboy
Sun Sep 29, 2019 10:00 pm
Forum: Personal Investments
Topic: Advice regarding asset allocation
Replies: 13
Views: 1252

Re: Advice regarding asset allocation

I would recommend you use a total stock market index fund and a total international index fund.
by retiredflyboy
Tue Sep 24, 2019 10:51 pm
Forum: Personal Investments
Topic: Do I need to become more conservative as I age
Replies: 22
Views: 3160

Re: Do I need to become more conservative as I age

If you have won the game, don’t risk loosing it.
by retiredflyboy
Tue Sep 24, 2019 10:26 pm
Forum: Personal Investments
Topic: Withdraw Pension Contributions vs. Keep Pension
Replies: 6
Views: 855

Re: Lump sum math

Lifetime income is a very nice thing. 2 pensions and 1 Social Security makes for a nice base line of monthly income. Might allow you to invest a bit more aggressively in 401k/457/403b etc.
by retiredflyboy
Mon Sep 23, 2019 10:27 pm
Forum: Personal Investments
Topic: Currently invested in 100% stock
Replies: 138
Views: 16172

Re: Currently invested in 100% stock

Yes, 100% stock is fine. Just don’t decide to change when the next bear market hits.
by retiredflyboy
Mon Sep 23, 2019 10:17 pm
Forum: Personal Investments
Topic: Should I buy I-bonds when I'm >30 years from retirement?
Replies: 50
Views: 4814

Re: Should I buy I-bonds when I'm >30 years from retirement?

At 27 I question wanting any fixed income other then cash,cd or short term bond for emergency fund.??100% stock! Disability insurance for your occupation, live a bit below your means while plowing dollars into stock index funds. If you run out of tax preference space put dollars into total stock mar...
by retiredflyboy
Mon Sep 23, 2019 9:57 pm
Forum: Non-US Investing
Topic: equal-weighted index fund
Replies: 16
Views: 1825

Re: equal-weighted index fund

Bottom line— Invest your equity dollars in the total stock market index and enjoy life. The more we tinker and think about these things the worse we generally do. Good question from an academic perspective, but nothing to act on.
by retiredflyboy
Mon Sep 23, 2019 9:42 pm
Forum: Investing - Theory, News & General
Topic: Robinhood: 3 fund portfolio?
Replies: 42
Views: 4654

Re: Robinhood: 3 fund portfolio?

Vanguard,Schwab, or Fidelity are my recommendation. Super low fees, and very solid!