Search found 23 matches

by somber
Wed Sep 16, 2020 7:28 pm
Forum: Personal Consumer Issues
Topic: PC Build Thread 2020
Replies: 321
Views: 19711

Re: PC Build Thread 2020

Most of the tech news sites are still referring to them as Ryzen 4000 series desktop CPUs. I think it would be a mistake to bump up to 5000 just because the 4000 mobile chips are Zen 2, but AMD certainly doesn't need my opinion :wink: . I'm reading that the Zen 3 CPUs are going to be announced on Oc...
by somber
Wed Sep 16, 2020 10:30 am
Forum: Personal Consumer Issues
Topic: PC Build Thread 2020
Replies: 321
Views: 19711

Re: PC Build Thread 2020

I'm holding off my next build for another month or so, in anticipation of Ryzen 4000 series processors becoming available for desktops. You can already buy laptops with R5 4600H and 4600U, so the desktop versions should be here soon. I'm expecting significantly better performance and lower power con...
by somber
Thu Sep 10, 2020 9:21 am
Forum: Investing - Theory, News & General
Topic: Where do you put cash now? Vanguard's Prime Money Market is too low!
Replies: 80
Views: 14134

Re: Some things are worth more than money

We have learned this as well. We moved back to a large bank, Wells Fargo, and the experience has been very good. We have no issues when calling or having to stop into the branch. Many years ago we were with an internet bank and preferred a physical location. Some things are more important than a li...
by somber
Thu Aug 13, 2020 8:21 am
Forum: Personal Consumer Issues
Topic: Retirees: How you spend your time?
Replies: 63
Views: 7615

Re: Retirees: How you spend your time?

A few close relatives are retired. I always mock them saying since everyday is a Saturday for you stop going to Home Depots on my Saturdays so us working stiffs can get out quicker, and don't leave for your RV trip on Monday morning rush hour as they do. I always think this when we go to the grocer...
by somber
Thu Jun 04, 2020 9:00 pm
Forum: Personal Consumer Issues
Topic: To what Broadband Speeds do you Subscribe and Why?
Replies: 123
Views: 6115

Re: To what Broadband Speeds do you Subscribe and Why?

I pay $57 a month for 768 kbps DSL. Best I can get here. For a very limited amount of data (25 GB/ month) I can use my cell as hotspot and get nearly 8 Mbps down, but 25 GB cap isn't even enough to download Fallout 4 from Steam. So it took almost 4 days to download it on my DSL connection. I live in...
by somber
Wed May 27, 2020 7:22 am
Forum: Personal Consumer Issues
Topic: What will you NOT buy online?
Replies: 96
Views: 7016

Re: What will you NOT buy online?

Ice cream
by somber
Mon Mar 02, 2020 7:07 am
Forum: Investing - Theory, News & General
Topic: Where My 100% Equities Peeps At?!?
Replies: 211
Views: 21480

Re: Where My 100% Equities Peeps At?!?

59 years old and I've been 100% in broad-based stock index funds since 1985.
by somber
Sat Feb 29, 2020 1:09 pm
Forum: Personal Consumer Issues
Topic: Should I get a safe? What kind? What would you do? How safe is a "safe"?
Replies: 91
Views: 6412

Re: Should I get a safe? What kind? What would you do? How safe is a "safe"?

Clark Howard recommends against using bank safe deposit boxes:

https://clark.com/personal-finance-cred ... posit-box/

They are basically unregulated. If something goes missing, the bank is not even required to apologize.
by somber
Sun Feb 23, 2020 8:49 am
Forum: Personal Consumer Issues
Topic: Assuming you were going to buy a cargo van (new vs carmax)...
Replies: 43
Views: 2478

Re: Assuming you were going to buy a cargo van (new vs carmax)...

I would buy new as cargo vans tend to take a lot of abuse from their previous owners. Also, I would pick the Ford Transit over the Promaster (I would never buy something with a Fiat engine), just my opinion. Promaster has a 3.6L Pentastar, which in my opinion, is the best V6 made. I have it on 3 ve...
by somber
Wed Feb 05, 2020 7:55 pm
Forum: Personal Consumer Issues
Topic: What video games are you currently playing?
Replies: 288
Views: 38386

Re: What video games are you currently playing?

Decided to post because I didn't see my favorite game franchise mentioned - Dishonored. I find myself replaying it a lot. If you like stealther games, I highly recommend it. The original game is $10 on Steam, or $20 for the bundle with all expansion packs. I only play PC games, and I now avoid onlin...
by somber
Mon Sep 30, 2019 7:22 am
Forum: Investing - Theory, News & General
Topic: Jonathan Clements: About half your retirement accumulation is just the dollars you put in
Replies: 92
Views: 15832

Re: Jonathan Clements: About half your retirement accumulation is just the dollars you put in

I have been 100% stock (in broad index funds) in my 401K since 1985. I just checked my contribution + match percentage against current balance, and it's slightly over 14%.
by somber
Thu Jul 04, 2019 8:28 am
Forum: Personal Investments
Topic: For anyone who retired early
Replies: 13
Views: 1751

Re: For anyone who retired early

To access retirement tax-deferred funds prior to age 55 there is a technique called the Roth conversion ladder. It requires a 5-year lead time to prime the pipeline. A good description of this is at https://www.madfientist.com/how-to-access-retirement-funds-early/ A caveat here is that she likely ca...
by somber
Sat Jun 29, 2019 7:06 am
Forum: Personal Investments
Topic: Requesting a retirement consultation
Replies: 7
Views: 1181

Re: Requesting a retirement consulation

I would consider the taking the defined benefit as a lump sum. I like Clark Howard's 6% rule, which is: - if 1 year of monthly benefits is less than 6% of the lump sum offered, take the lump sum.
by somber
Fri Jun 21, 2019 7:03 am
Forum: Personal Investments
Topic: E-Trade for Solo 401K
Replies: 5
Views: 638

Re: E-Trade for Solo 401K

Just remember that solo 401K isn't a qualified plan, so you lose your federal ERISA protections when you roll in your 401K. Depending on your state rules on asset protection from creditors for solo 401Ks, you may want to consider keeping your 401K separate.
by somber
Fri Jun 14, 2019 12:59 pm
Forum: Personal Investments
Topic: Asset allocation for those in their late fifties
Replies: 35
Views: 4345

Re: Asset allocation for those in their late fifties

I'm 58, and at 100% stocks since age 24 (not counting emergency fund).
by somber
Mon Jun 10, 2019 7:10 am
Forum: Personal Finance (Not Investing)
Topic: In-Plan Roth 401k Conversion?
Replies: 8
Views: 1205

Re: In-Plan Roth 401k Conversion?

But it is still better to do an in-service rollover to a Roth IRA because then the money isn't trapped in the investment options and fees of the plan, and so you can access the contributions later on for early retirement, etc. so long as you respect the five year rule. Whether that is better or not...
by somber
Tue May 21, 2019 5:13 pm
Forum: Personal Investments
Topic: Early Retirement Bridge Approach
Replies: 18
Views: 3107

Re: Early Retirement Bridge Approach

1 - Max 401k and ROTH IRA first, then fund the bridge over time through taxable accounts/investments. 2 - Max 401k and ROTH IRA, then 5-years before retirement follow the roth conversion ladder process. 3 - Max 401k and ROTH IRA, then pay 10% early withdraw penalty on funds (as needed). I'd be a bi...
by somber
Wed May 15, 2019 9:46 pm
Forum: Investing - Theory, News & General
Topic: Financial podcasts
Replies: 38
Views: 6120

Re: Financial podcasts

I like a lot of podcasts, but my favorites are:

Clark Howard (a kind and decent man)
Radical Personal Finance
Stacking Benjamins
The White Coat Investor (I'm not a doctor, but great podcast)
Jill on Money
ChooseFI
by somber
Wed May 15, 2019 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: mechanics of paying taxes on a Roth Conversion
Replies: 26
Views: 2368

Re: mechanics of paying taxes on a Roth Conversion

I think best is to adjust pension or paycheck withholdings. I did the estimated quarterly tax method and almost got nailed with massive penalty if it not for extra grace after tax cut act even though I sent quarterly check for taxes timed exactly with conversions. Withholding is much better option....
by somber
Wed Apr 10, 2019 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: What counts against the $56000 defined contribution limit?
Replies: 14
Views: 1884

Re: What counts against the $56000 defined contribution limit?

If you're going to do the Mega-backdoor, and you normally front-load your contributions, remember to allow for the employer matching true-up that occurs after the year is over.
by somber
Mon Mar 18, 2019 4:05 pm
Forum: Personal Investments
Topic: The case for 100% equities
Replies: 200
Views: 16005

Re: The case for 100% equities

KlangFool wrote: Mon Mar 18, 2019 3:57 pm
somber,

So, you can predict the next recession/market downturn would be exactly like 2008?

KlangFool
No, I can't. It could be worse, the same, or better. But chances are decent that the market would recover after a drop like that. I'm a believer that the market will go up over time.
by somber
Mon Mar 18, 2019 3:43 pm
Forum: Personal Investments
Topic: The case for 100% equities
Replies: 200
Views: 16005

Re: The case for 100% equities

if not, just work 2-3 years more, channel all money into bonds and then retire at 58 instead of 55. stocknoob4111, <<if not, just work 2-3 years more,>> Show me the calculation of how this is possible. For example, you are at 2 million and 100/0. The stock market drops 50% and you are down to 1 mil...
by somber
Thu Mar 07, 2019 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: [Financial] Habits of the Rich
Replies: 238
Views: 37470

Re: [Financial] Habits of the Rich

I've really enjoyed this thread. It's impressive how financially disciplined most here are. It's embarrassing how undisciplined I've been, but I thought that my experience might interest some. For me it was: 1. Autopilot payroll deduction. Putting it in my 401K before I had a chance to spend it. 2. ...