Search found 214 matches

by FederalFIRE
Thu Oct 03, 2019 6:46 am
Forum: Personal Investments
Topic: TSP Help
Replies: 11
Views: 990

Re: TSP Help

Sorry, are you telling me that you cannot exchange from one fund to another within TSP? I can understand that you have to *contribute* the same way whether in Roth or traditional, but after the contribution is settled, can’t you go in and exchange from G fund to C or I fund? In other words, TSP doe...
by FederalFIRE
Tue Oct 01, 2019 7:34 am
Forum: Personal Consumer Issues
Topic: HVAC advice - ac or ac + furnace
Replies: 11
Views: 992

Re: HVAC advice - ac or ac + furnace

Agree with several of the above comments. An 11 year old furnace should have 10-20 years of life left. Unless you're thinking about seriously upgrading your compressor - say from a single stage system to a variable drive system - a new AC unit without a new furnace probably won't matter. However, if...
by FederalFIRE
Thu Aug 08, 2019 4:38 pm
Forum: Personal Consumer Issues
Topic: Extreme Anxiety with Time/Money
Replies: 95
Views: 9175

Re: Extreme Anxiety with Time/Money

I dealt with issues around extreme anxiety over time management a few years ago. I was travelling a lot for work, but had tons of things to do in the office on a daily basis. I was first line supervisor, rater, approver, etc. for 36 employees, so just keeping that going was a full time job. On top ...
by FederalFIRE
Wed Aug 07, 2019 6:33 am
Forum: Personal Consumer Issues
Topic: Extreme Anxiety with Time/Money
Replies: 95
Views: 9175

Re: Extreme Anxiety with Time/Money

I dealt with issues around extreme anxiety over time management a few years ago. I was travelling a lot for work, but had tons of things to do in the office on a daily basis. I was first line supervisor, rater, approver, etc. for 36 employees, so just keeping that going was a full time job. On top o...
by FederalFIRE
Thu Jul 18, 2019 7:59 am
Forum: Personal Investments
Topic: Clean up my portfolio
Replies: 7
Views: 547

Re: Clean up my portfolio

Even though you're wanting to focus on this taxable account as a single "portfolio" you're likely to get a lot of responses suggesting you change your thinking first. Unless you have specific and materially different purposes for each account - for instance, one is for a 5 year savings target like a...
by FederalFIRE
Thu Jul 18, 2019 5:35 am
Forum: Personal Finance (Not Investing)
Topic: How unpleasant is the home buying/selling experience??
Replies: 40
Views: 3938

Re: How unpleasant is the home buying/selling experience??

We went with option 1 originally and made a few mistakes with it: the biggest one being that we were too quickly enticed to move to buying the "forever home" and left the first place too early. We had plans and expectations for a growing family, and wanted our own place instead of the condo that we ...
by FederalFIRE
Thu Jul 18, 2019 5:25 am
Forum: Personal Finance (Not Investing)
Topic: How much house to buy?
Replies: 14
Views: 1264

Re: How much house to buy?

Definitely a personal question, and probably one that should be built into a larger financial plan and approach. Someone looking to retire early will answer this totally differently than someone who plans to retire at 62. It also depends on your other debts and liabilities - essentially, if it all h...
by FederalFIRE
Thu Jul 18, 2019 5:15 am
Forum: Investing - Theory, News & General
Topic: TSP 3-Funds or TSP Target Date Fund?
Replies: 67
Views: 4528

Re: TSP 3-Funds or TSP Target Date Fund?

Can’t you hold a 3 or 4 fund index portfolio in the tsp? Im not giving advice, I’m more or less interested in the answer to your question. Yes I can. Why do most people hold a 3 or 4 Fund portfolio in their retirement account and not a target date fund? Is it the higher fees for target date funds? ...
by FederalFIRE
Thu Jul 18, 2019 5:12 am
Forum: Investing - Theory, News & General
Topic: TSP 3-Funds or TSP Target Date Fund?
Replies: 67
Views: 4528

Re: TSP 3-Funds or TSP Target Date Fund?

I hold only L funds in my TSP right now and use a 3-fund in our taxable and IRAs. I do this because, as tadamsmar correctly pointed out, the expense ratios for lifecycle funds are the same as or lower than (by 0.001%) the individual funds. Since I'm in an accumulation and growth phase, the blend use...
by FederalFIRE
Wed Jul 17, 2019 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Working 4 days a week?
Replies: 39
Views: 3270

Re: Working 4 days a week?

Like Chevca, I have also done the 4/10 schedule before as well as a 5-4/9 schedule (every other Friday off). The extra weekend day is great, and I would still do that now if it was feasible in my job. It's definitely likely that your benefits would be affected by going to 80% time, so you'll want to...
by FederalFIRE
Wed Jul 17, 2019 7:22 am
Forum: Personal Investments
Topic: Should I refinance my home loan?
Replies: 13
Views: 1158

Re: Should I refinance my home loan?

There are plenty of arguments both ways on whether you should refi, pay early, 15/30 year, etc. You'll hear them all here :D I was in nearly your exact situation in 2011. We were less than one year into a 30 year mortgage and rates had dropped 0.375%. We weren't looking to change the overall situati...
by FederalFIRE
Mon Jul 08, 2019 4:00 am
Forum: Personal Finance (Not Investing)
Topic: 529 to pay off student loans?
Replies: 4
Views: 711

Re: 529 to pay off student loans?

This appears to have started as House Resolution 529: "529 and ABLE Account Improvement Act of 2017". From the bill summary, HR529 "permits 529 funds to be used for education loan payments or charitable contributions without being subject to the additional tax for distributions that are not used for...
by FederalFIRE
Wed Jul 03, 2019 9:51 am
Forum: Personal Consumer Issues
Topic: how do couples work together on home finance
Replies: 60
Views: 4988

Re: how do couples work together on home finance

We set major goals together, but aside from that I do most of the execution because my wife isn't all that interested. We have 100% co-mingled assets, and have a high level of trust both directions. As some others have mentioned, we are both more naturally inclined to be frugal, so we don't often ha...
by FederalFIRE
Mon Jul 01, 2019 4:27 pm
Forum: Personal Consumer Issues
Topic: Where to sit at Wrigley?
Replies: 18
Views: 1542

Re: Where to sit at Wrigley?

OP here. We had a really great trip to Chicago, and a really great time at Wrigley. Due to ticket availability (and price), we ended up sitting in section 412 (3rd base side), 9 rows back - no obstructions of any kind and a fantastic view of the field. We were just under the roof overhang, which pa...
by FederalFIRE
Fri Jun 28, 2019 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Pursued the wrong career?
Replies: 37
Views: 7198

Re: Pursued the wrong career?

I haven't had the similar feeling of being post-grad and realizing you don't like the career, but can sympathize with the long path through a PhD and questioning a bit of whether or not it was actually worth it. That said, I think you should hold off on totally changing career fields, but keep it in...
by FederalFIRE
Sun Jun 23, 2019 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: Which Fed Employee Health Insurance Plan?
Replies: 39
Views: 3102

Re: Which Fed Employee Health Insurance Plan?

The best plan is also going to have a lot to do with providers available in your area. I've used Blue Cross Blue Shield Federal Employee Program (FEPBlue) basic for about 7 years and it's good for what we need where we are. One thing I wanted when switching from my previous provider to FEPBlue was k...
by FederalFIRE
Fri Jun 21, 2019 3:58 am
Forum: Personal Finance (Not Investing)
Topic: Behaviour once the game is won
Replies: 18
Views: 3428

Re: Behaviour once the game is won

What is your primary goal, capital growth or capital preservation? The answer to this question should guide your allocation choices. Spot on. It's impossible to have a strategy without a goal, otherwise you're just throwing darts in the dark... and there may not even be a dart board on the wall you...
by FederalFIRE
Fri Jun 21, 2019 2:33 am
Forum: Personal Finance (Not Investing)
Topic: Permanent DINK couples - Considerations, thoughts, etc?
Replies: 97
Views: 10831

Re: Permanent DINK couples - Considerations, thoughts, etc?

Married, approaching 40, will not have children. Was wondering if there were other BHs in the same situation and what (if anything) you may be doing that might be slightly (or very) different to general financial advice? A couple of things off the top of my head: Emergency fund: With each person ma...
by FederalFIRE
Thu Jun 20, 2019 4:35 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1052
Views: 145908

Re: Post your Financial Milestone Announcements Here

With the new S&P All Time High's today has anyone exceeded a personal milestone they'd like to share? It's been a fun June so far after a bit of a crummy May. Just today, for the first time ever we've entered the 2 comma club for investments alone, (not counting cash/EF/home equity). This has been ...
by FederalFIRE
Thu Jun 20, 2019 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Capital Cash
Replies: 22
Views: 3532

Re: Personal Capital Cash

Does it just make sense to put it to Vanguard Federal Money Market Fund (VMFXX)? It yields 2.32% right now as well. I understand that Personal Capital Cash is FDIC insured but... Yes. Absolutely. All day. Yup. This is where I am with cash position. The FDIC insurance is of very little value to me i...
by FederalFIRE
Thu Jun 20, 2019 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Capital Cash
Replies: 22
Views: 3532

Re: Personal Capital Cash

I like PC but you have to be good at saying no both externally to their marketing attempts and internally through having confidence in your ability to manage your own investments. +1 for this. Their "Investment Checkup" feature is entirely designed to try and drive business to their services. My th...
by FederalFIRE
Thu Jun 20, 2019 7:42 am
Forum: Personal Finance (Not Investing)
Topic: First Child - Writing a Will
Replies: 11
Views: 803

Re: First Child - Writing a Will

My wife and I just had our first child 6 months ago. We had preliminary discussions about who we'd want to have custody should we both perish simultaneously, how we'd want assets distributed, etc. before the baby was born and before we met with an attorney. The actual drawing up of the documents is...
by FederalFIRE
Thu Jun 20, 2019 7:11 am
Forum: Personal Finance (Not Investing)
Topic: First Child - Writing a Will
Replies: 11
Views: 803

Re: First Child - Writing a Will

I am not a fan of DIY estate documents. Like parachutes, these have to work correctly the first time. You typically don't get a do-over. Agreed. My intent is to use an attorney and get it done right. I know there's a mixed bag of opinions for the online DIY wills, but we can afford an attorney to w...
by FederalFIRE
Thu Jun 20, 2019 7:03 am
Forum: Personal Finance (Not Investing)
Topic: First Child - Writing a Will
Replies: 11
Views: 803

Re: First Child - Writing a Will

Why can’t you do it now? Put stuff in there referencing any children born to both of you, with language that distributes your estate differently should there be no surviving children. You should probably have that “if, or” language anyway. Thanks - this is sort of the genesis of my question. My awa...
by FederalFIRE
Thu Jun 20, 2019 6:55 am
Forum: Personal Finance (Not Investing)
Topic: First Child - Writing a Will
Replies: 11
Views: 803

First Child - Writing a Will

My wife and I are expecting our first child and want to make sure we have things lined up well in terms of financial security through insurance and a will. My simple question is - should I plan to write/sign a will before the child is born and then just update it, or would it be best to draft the wi...
by FederalFIRE
Wed Jun 19, 2019 5:17 am
Forum: Personal Finance (Not Investing)
Topic: Career advice: How to phrase job-change for family reasons?
Replies: 13
Views: 1666

Re: Career advice: How to phrase job-change for family reasons?

Also consider that if you're applying for a job in City A and tell the hiring manager that you took a new job in City B, found out you really didn't enjoy the location and wanted to back in City A, that could be a positive for the hiring manager. It shows that you like the area in City A and would b...
by FederalFIRE
Sun Jun 02, 2019 3:34 am
Forum: Personal Consumer Issues
Topic: Should I buy Euros from local bank or use ATM in Europe
Replies: 37
Views: 3090

Re: Should I buy Euros from local bank or use ATM in Europe

As others have suggested, use an ATM. I use Fidelity and Schwab. I also bring along 100 euros or so just in case. My in-laws are coming to visit the wife and I in London next month and this is exactly what I suggested to my FIL. Just to have enough cash in case your bank screws up and doesn’t unloc...
by FederalFIRE
Sat Jun 01, 2019 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Resources for Federal Employees
Replies: 16
Views: 1329

Re: Resources for Federal Employees

Thanks for the tip on Tammy Flanagan, especially the index page. Great resource. Definitely agree that feds are as informed as they want to be, though I do think some would be more informed if there were easy places to find a lot of info in a digestible format. Seems like Tammy Flanagan’s spot is a ...
by FederalFIRE
Sat Jun 01, 2019 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Resources for Federal Employees
Replies: 16
Views: 1329

Re: Resources for Federal Employees

I think this often creates a void where people simply don't plan or understand their options until too late - often when an agency provides "retirement training", which many take in their last 5 years of working. Amongst many careers, a Federal position is one that should result in a comfortable re...
by FederalFIRE
Sat Jun 01, 2019 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Resources for Federal Employees
Replies: 16
Views: 1329

Re: Resources for Federal Employees

Thanks everyone for the suggestions and direction. To add a bit more clarity, I'm considering the possibility of building a resource myself through a blog that would be freely available and a good go-to resource for Feds that helps put things into terms they see in the workplace and gives actionable...
by FederalFIRE
Sat Jun 01, 2019 8:51 am
Forum: Personal Investments
Topic: Federal Gov't Early Retirement?
Replies: 52
Views: 4864

Re: Federal Gov't Early Retirement?

Also, there is no inflation adjustment to the FERS pension until you reach age 62. On the other hand, there is the FERS Supplement from age 56 - 62 that partially compensates the lack of inflation adjustment. Note also that if you retire in the year that you turn 55 or later, you can withdraw from ...
by FederalFIRE
Sat Jun 01, 2019 8:49 am
Forum: Personal Investments
Topic: Federal Gov't Early Retirement?
Replies: 52
Views: 4864

Re: Federal Gov't Early Retirement?

One FEHB trick I have read about is the ability to go back and get any Fed job at your MRA. This shouldn't be that difficult since you would have preference for hiring as a former Fed. As long as you had coverage during the last 5 years of your employment before you separated for your "early" retire...
by FederalFIRE
Sat Jun 01, 2019 7:37 am
Forum: Personal Finance (Not Investing)
Topic: Critique of Saving/Investing/Life Plan for 21 Year Old
Replies: 18
Views: 1685

Re: Critique of Saving/Investing/Life Plan for 21 Year Old

Even with less than ideal expense ratios, a 50% match is an amazing return for little to no work. The worst case scenario is you don't vest in the program, they take back your match, and you roll that into your own account. Alternatively, if you stay with the company 4 years you essentially make 50%...
by FederalFIRE
Sat Jun 01, 2019 6:11 am
Forum: Personal Finance (Not Investing)
Topic: Resources for Federal Employees
Replies: 16
Views: 1329

Re: Resources for Federal Employees

Check with your agency’s HR department or training/learning and development branch. My agency offers regular benefit/retirement seminars for employees. There are usually two versions: one for mid-career employees and one for employees looking to retire in the next couple years. Some are webinars, o...
by FederalFIRE
Sat Jun 01, 2019 5:21 am
Forum: Personal Finance (Not Investing)
Topic: Resources for Federal Employees
Replies: 16
Views: 1329

Resources for Federal Employees

As is the case with many of you here, I am often astounded at the lack of knowledge in my workplace about basic financial planning. However, as a Federal employee I also often see that people simply don't understand the Federal retirement system, nor do they recognize that general advice is often re...
by FederalFIRE
Sun May 12, 2019 7:08 am
Forum: Personal Finance (Not Investing)
Topic: What are your Podcasts?
Replies: 1
Views: 361

Re: What are your Podcasts?

This topic comes up pretty frequently, you can find a lot of threads if you search "Podcasts" in the search bar.

Here's a recent thread: viewtopic.php?t=275488
by FederalFIRE
Sun May 12, 2019 6:51 am
Forum: Personal Consumer Issues
Topic: Using my Cell Phone in England
Replies: 47
Views: 2399

Re: Using my Cell Phone in England

Primary thing is to make sure your phone is unlocked from your US carrier. That *should* be the case, but probably good to give them a call and check. Once you get to the U.K. You can buy a SIM at an airport kiosk, most newsstands, a Carphone Warehouse store, etc. Should be pretty quick and easy and...
by FederalFIRE
Wed May 08, 2019 5:38 am
Forum: Personal Investments
Topic: How to Rollover TSP to Vanguard IRA
Replies: 10
Views: 1274

Re: How to Rollover TSP to Vanguard IRA

FYI - here's a link to the apparently now defunct form TSP-70 https://formswift.com/downloads/tsp-70/tsp-70.pdf While it doesn't look like this is in force anymore, it's likely a good indicator of what information you'll need when completing the Withdrawal Wizard on the TSP site. Note that section V...
by FederalFIRE
Wed May 08, 2019 5:18 am
Forum: Personal Investments
Topic: How to Rollover TSP to Vanguard IRA
Replies: 10
Views: 1274

Re: How to Rollover TSP to Vanguard IRA

I would at least wait until fall when the new withdrawal rules go into effect later this year. I am surprised her family can’t invest in TSP. Its funds track basic indices. Very plain vanilla. Ultimately those funds are managed by a firm - currently that is BlackRock - so as others have alluded, th...
by FederalFIRE
Tue May 07, 2019 9:07 am
Forum: Personal Consumer Issues
Topic: Summer Vacation UK vs. Spain
Replies: 41
Views: 3253

Re: Summer Vacation UK vs. Spain

Thanks in part to all the advice, we have decided on Spain. Does anyone know a good way to go about planning a Spain vacation? In the past I’ve used preorganized tours or relied on family advice, but this time I want to try and book everything myself. Any suggestions for a 2 week trip? Of course it...
by FederalFIRE
Mon May 06, 2019 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Side Hustle Ideas ?
Replies: 19
Views: 3122

Re: Side Hustle Ideas ?

Agree with the general sentiment here - being a Realtor isn't likely a good side hustle if you're already working a normal 40 hour week. The only practical way I see part-time realty working is for someone who is retired or only working for pleasure and not around another office job (i.e. SAHM, etc....
by FederalFIRE
Mon May 06, 2019 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: taxable vs mortgage paydown
Replies: 16
Views: 1697

Re: taxable vs mortgage paydown

Paying that cheap mortgage off early would be my last priority. You're saving 18% a year toward retirement, which is great especially if there's an employer match on top of that. And $18K a year toward college means you're probably on track for that too. But I'd bump your EF up to 1 year of expense...
by FederalFIRE
Mon May 06, 2019 4:38 am
Forum: Personal Consumer Issues
Topic: ants - aargh
Replies: 69
Views: 4657

Re: ants - aargh

Have you done anything to address what is drawing the ants in? Trying to plug up holes and place traps will help, but they’ll likely keep finding their away around unless you can get rid of whatever is attracting them. They go to the cat's food dishes. I don't know what to do about that. No other f...
by FederalFIRE
Mon May 06, 2019 4:07 am
Forum: Personal Consumer Issues
Topic: ants - aargh
Replies: 69
Views: 4657

Re: ants - aargh

Have you done anything to address what is drawing the ants in? Trying to plug up holes and place traps will help, but they’ll likely keep finding their away around unless you can get rid of whatever is attracting them.
by FederalFIRE
Sun May 05, 2019 3:03 am
Forum: Investing - Theory, News & General
Topic: Equity funds for taxable accounts
Replies: 23
Views: 3025

Re: Equity funds for taxable accounts

Excellent advice. Thankfully I made this mistake early on by trying to do asset-class based investing in a mutual fund portfolio. I ended up selling all those funds and dealing with the taxes, but it was before I had a substantial investment in my taxable. In hindsight, the move to a Boglehead philo...
by FederalFIRE
Sun May 05, 2019 2:48 am
Forum: Personal Finance (Not Investing)
Topic: Should I sell stock and trigger capital gains or spend my emergency fund?
Replies: 15
Views: 1893

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 FederalFIRE
Fri May 03, 2019 4:23 am
Forum: Personal Investments
Topic: Owning 2 accounts of Roth ira
Replies: 18
Views: 1768

Re: Owning 2 accounts of Roth ira

As others have said, it seems odd to keep an account at Fidelity where you've only put in $1,000 and plan to stop contributing. If the primary reason is that you would prefer to have your assets at Vanguard, then it might make more sense for you to transfer the Fidelity account to Vanguard rather t...
by FederalFIRE
Thu May 02, 2019 2:43 pm
Forum: Personal Investments
Topic: Owning 2 accounts of Roth ira
Replies: 18
Views: 1768

Re: Owning 2 accounts of Roth ira

As others have said, it seems odd to keep an account at Fidelity where you've only put in $1,000 and plan to stop contributing. If the primary reason is that you would prefer to have your assets at Vanguard, then it might make more sense for you to transfer the Fidelity account to Vanguard rather t...
by FederalFIRE
Thu May 02, 2019 2:21 am
Forum: Personal Finance (Not Investing)
Topic: The goal of achieving FI
Replies: 41
Views: 3790

Re: The goal of achieving FI

You’ll find about 50 different definitions of FI. Some are tied to the idea of doing whatever, whenever, which is usually the retire early concept as well. Some think of the FI as meaning you could walk away from work at any time, and others may consider a more hybrid idea where you have something l...
by FederalFIRE
Thu May 02, 2019 2:14 am
Forum: Personal Investments
Topic: Owning 2 accounts of Roth ira
Replies: 18
Views: 1768

Re: Owning 2 accounts of Roth ira

I started the investment in fidelity but decided to invest in vanguard both taxable and roth. My husband later will roll over his 403b to vanguard. I decided to keep all accounts in one brokerage. If i will transfer my fidelity roth ira, do i need to sell the index fund before i can roll over it to...