Search found 79 matches

by just1question
Fri Dec 06, 2019 8:14 pm
Forum: Personal Investments
Topic: 2020 Plan for $45,000,000 in 2045
Replies: 81
Views: 14712

Re: 2020 Plan for $45,000,000 in 2045

I don't think $45M will be enough. Better raise your goal.
by just1question
Fri Nov 22, 2019 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: What's your FIRECALC number?
Replies: 58
Views: 8422

Re: What's your FIRECALC number?

95% or more.
by just1question
Fri Nov 01, 2019 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Financial Statement Template? Meeting with Advisor...
Replies: 29
Views: 2178

Re: Personal Financial Statement Template? Meeting with Advisor...

Now that you already enjoyed free drinks, nice hotel stay and free guided tours, it is the time to sneak out of this time share presentation surreptitiously. Ha I like the analogy (being one who will gladly do the time share dance for a good deal). I don't cave to high pressure sales. And even if I...
by just1question
Sun Oct 27, 2019 7:07 am
Forum: Personal Finance (Not Investing)
Topic: Traditional IRA Contribution Deductible? Am I correct
Replies: 12
Views: 805

Re: Traditional IRA Contribution Deductible? Am I correct

Thanks to all. Based on the responses, we will fund DW 403 and 457, forego any IRA contribution for now, and put any savings left over into our taxable account, until I qualify for SEP.

I greatly appreciate the advice I have received on this forum.
by just1question
Sat Oct 26, 2019 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Traditional IRA Contribution Deductible? Am I correct
Replies: 12
Views: 805

Re: Traditional IRA Contribution Deductible? Am I correct

Do the above background facts disqualify me from a deductible contribution to a traditional IRA in 2020 (assuming federal contribution limits remain unchanged)? Yes, if your IRA MAGI is > the limits. If I'm disqualified from 2020 deductible contribution, can I make a non-deductible contribution to ...
by just1question
Sat Oct 26, 2019 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Traditional IRA Contribution Deductible? Am I correct
Replies: 12
Views: 805

Re: Traditional IRA Contribution Deductible? Am I correct

You might want to just check the fees and offering for the 403(b) and 457 and make sure there aren't any surprises. But really, this should be a great work around, or even a permanent option for saving/investing up to your retirement ages. As far as ER and funds, there are not a lot of choices, so ...
by just1question
Sat Oct 26, 2019 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Traditional IRA Contribution Deductible? Am I correct
Replies: 12
Views: 805

Traditional IRA Contribution Deductible? Am I correct

Background: I've started a new job (I had a 401k at my old job), where I will not be eligible for the SEP retirement plan for 2 years. My DW and I are in our early 50s, and NW (excluding home value) is about 50% in tax-deferred accounts and about 50% in taxable accounts. We own our home outright, sh...
by just1question
Sun Oct 13, 2019 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Disadvantages to 401k Rollover into an IRA
Replies: 12
Views: 1644

Re: Disadvantages to 401k Rollover into an IRA

Distributions from an IRA aren’t eligible for exclusion from Maryland state income taxes, distributions from a 401k are. This could be a reason to keep some money in a 401k, at least if you’ll be withdrawing or doing Roth conversions before you start receiving Social Security benefits. https://taxe...
by just1question
Sun Oct 13, 2019 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Disadvantages to 401k Rollover into an IRA
Replies: 12
Views: 1644

Re: Disadvantages to 401k Rollover into an IRA

Biggest one for many is that you effectively cannot do a backdoor Roth IRA (if needed) without paying pro rata taxes on that IRA money. With a SEP IRA at his new job he'll have a pro-rata problem even if he doesn't roll the 401k over to an IRA. I'm unfamiliar with the "pro-rata problem". What is it...
by just1question
Sat Oct 12, 2019 7:11 am
Forum: Personal Finance (Not Investing)
Topic: Disadvantages to 401k Rollover into an IRA
Replies: 12
Views: 1644

Disadvantages to 401k Rollover into an IRA

I'm in the process of changing jobs, and have a 401k that I can either rollover to an IRA or leave at my old job. The 401k at my previous employer has good investment choices on the equities side, including several index funds and other low ER funds, and reasonable management fees. The fixed income ...
by just1question
Thu Sep 19, 2019 11:49 am
Forum: Personal Investments
Topic: Help with retirement date?
Replies: 14
Views: 1142

Re: Help with retirement date?

"My goal is to "get out" as soon as possible and do something more meaningful with my life."

Let me guess, lawyer?
by just1question
Thu Sep 19, 2019 11:35 am
Forum: Personal Finance (Not Investing)
Topic: “Upsizing” are we foolish?
Replies: 80
Views: 11180

Re: “Upsizing” are we foolish?

We were in a similar situations years ago, with one child and a "tight" house under 2000 square foot (IDK the exact footage). I think you will find as your child enters his or her teens, he or she will be around the house less and spending more time with friends, which will have the affect of freein...
by just1question
Fri Sep 13, 2019 11:15 am
Forum: Personal Investments
Topic: Vanguard Total Int'l Bond VTABX/BNDX Yield 0.29%
Replies: 32
Views: 4041

Re: Vanguard Total Int'l Bond VTABX/BNDX Yield 0.29%

Most of the returns from Intl Bond lately must be currency hedging because of the stronger dollar. The reverse will happen when dollar weakens. Although it's true that most of the return is due to currency hedging, the hedging has eliminated the effect of the strengthening dollar. That's the point ...
by just1question
Thu Sep 12, 2019 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: When do you start gifting the max to your family members? When is enough NW totally enough?
Replies: 80
Views: 10009

Re: When do you start gifting the max to your family members? When is enough NW totally enough?

Because the second part of your question is directed to NW, there is a 17-page (or so) thread from earlier this year (maybe last year) on when is NW enough to retire. Kind of goes hand-in-hand with NW being enough that you can gift money (instead of retire). I strongly recommend trying to find the t...
by just1question
Wed Sep 11, 2019 8:57 am
Forum: Personal Investments
Topic: Vanguard Total Int'l Bond VTABX/BNDX Yield 0.29%
Replies: 32
Views: 4041

Re: Vanguard Total Int'l Bond VTABX/BNDX Yield 0.29%

The SEC yield ignores the currency hedging; you expect a higher return from the fund than the SEC yield indicates. For example, if a euro bond has a 0% yield and a dollar bond has a 2% yield, and a contract to sell euros for $1020 next year costs $1000 in today's euros, then holding the euro bond a...
by just1question
Tue Sep 10, 2019 6:55 pm
Forum: Personal Investments
Topic: Vanguard Total Int'l Bond VTABX/BNDX Yield 0.29%
Replies: 32
Views: 4041

Re: Vanguard Total Int'l Bond VTABX/BNDX Yield 0.29%

I should add there are a couple of other options: money market and CD, but just keeping pace with inflation isn't ideal.
by just1question
Tue Sep 10, 2019 6:51 pm
Forum: Personal Investments
Topic: Vanguard Total Int'l Bond VTABX/BNDX Yield 0.29%
Replies: 32
Views: 4041

Vanguard Total Int'l Bond VTABX/BNDX Yield 0.29%

I've owned Vanguard Total International Bond Fund VTABX for several years, and it's performed well for me for a fixed income holding, actually outperforming the Vanguard Total Bond Market Index VBTLX. Here's the thing though. VTABX is part of my fixed income asset allocation, and the current SEC yie...
by just1question
Mon Sep 09, 2019 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard/Yodlee for Aggregation
Replies: 52
Views: 3532

Re: Vanguard/Yodlee for Aggregation

OP here.

Thanks to everyone who posted.

Given the lack of consensus on security, I think for now I will just continue to manually input information into spreadsheets. Not as convenient, but it only takes a few minutes, and adds a bit of peace of mind.
by just1question
Thu Sep 05, 2019 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard/Yodlee for Aggregation
Replies: 52
Views: 3532

Vanguard/Yodlee for Aggregation

I became aware of this service/product through another thread on this forum. Just add it to the loads of information I've learned since joining and lurking here. The accounts I'm considering aggregating include Vanguard, my and my DW's 401/403 plans, bank (B of A) accounts, and maybe credit cards so...
by just1question
Fri Aug 23, 2019 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Bought a home a year back, thinking of selling now
Replies: 51
Views: 5643

Re: Bought a home a year back, thinking of selling now

First and foremost, congratulations. You have purchased a home in one of the most highly desired areas of the country. Don't forget that. I'm sure there are many people living in the Bay area that wish they could say the same. What I'm not hearing is that you hate the house or the neighborhood or wi...
by just1question
Tue Aug 20, 2019 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Are there advantages to being married to a teacher?
Replies: 111
Views: 7813

Re: Are there advantages to being married to a teacher?

The Millionaire Next Door noted that teachers (or having a spouse who was a teacher) tended to achieve millionaire status. One of the reasons they cited was that teachers ran in peer groups that did not frown on them being frugal. Everyone knows that teachers don't make much money, so nobody expect...
by just1question
Tue Aug 20, 2019 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Are there advantages to being married to a teacher?
Replies: 111
Views: 7813

Re: Are there advantages to being married to a teacher?

Financially, the benefits noted above, including job security, health benefits, and (mostly) pension. Pay also isn't bad. Personally, and much more importantly, it's nice to come home at night to someone with stories about helping children. Not that it's all rosy. But usually more interesting than o...
by just1question
Sun Aug 18, 2019 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone retire in their 30s?
Replies: 108
Views: 15131

Re: Anyone retire in their 30s?

I’m 35, and reading the original post was a bit like looking in the mirror, to be honest. I’ve been working for the same company in a variety of jobs since graduation 13 years ago. I like most elements of my work (technical role), but it has grown to be too much, and it’s not fun anymore. It never ...
by just1question
Sat Jul 27, 2019 6:04 pm
Forum: Personal Investments
Topic: Vanguard Info Tech VITAX
Replies: 10
Views: 1039

Re: Vanguard Info Tech VITAX

I think with a minimum investment of $100,000, I didn't even consider it. I did buy the corresponding ETF some time ago because I thought technology had plenty of legs at the time, and it has performed very well for me. But most of my U.S. equity is in VTSAX (total stock market index). I haven't add...
by just1question
Sat Jul 27, 2019 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: How do you move past old financial mistakes?
Replies: 57
Views: 5527

Re: How do you move past old financial mistakes?

If I ever come up with an answer, I'll revive this thread and let you know. As for now, still working on it. So you're not alone.
by just1question
Sat Jul 27, 2019 5:52 pm
Forum: Personal Investments
Topic: Moving investments over to Vanguard- portfolio questions
Replies: 24
Views: 2223

Re: Moving investments over to Vanguard- portfolio questions

Oh, one more thing, if being out of the market is really a concern for you, simply stagger your transactions.
by just1question
Sat Jul 27, 2019 5:50 pm
Forum: Personal Investments
Topic: Moving investments over to Vanguard- portfolio questions
Replies: 24
Views: 2223

Re: Moving investments over to Vanguard- portfolio questions

HI Everyone! I posted a few weeks ago seeking advice about leaving my advisor and you were all a wealth of knowledge. If you'd like to look back on that thread, you can do so here: https://www.bogleheads.org/forum/viewtopic.php?f=1&t=285181. (don't know how to hyperlink, sorry) My questions now are...
by just1question
Wed Jul 24, 2019 7:39 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1492
Views: 198669

Re: Happiness

Congratulations. It takes a lot of hard work. Keep at it.
by just1question
Thu Jul 18, 2019 1:10 pm
Forum: Personal Investments
Topic: Just sat through a wealth-management sales pitch.
Replies: 96
Views: 10749

Re: Just sat through a wealth-management sales pitch.

I was going to chime in by piling on how bad the FA's advice is and expensive variable annuities (with a rider) are, but you seem to already know that. You've done your good deed (or mitzvah!). You don't owe anybody a second call. If you aren't going to use the FA, which it seems you are not, he pro...
by just1question
Mon Jul 15, 2019 4:39 pm
Forum: Personal Investments
Topic: Poor financial advisor performance
Replies: 71
Views: 4550

Re: Poor financial advisor performance

What does the advisor have you invested in? Is it 60/40 like the benchmark you mentioned? Is in actively managed funds, index funds, or a mix? Assuming your math is correct, you’re underperforming the benchmark by just over 2 percentage points. That can easily be explained by the AUM fee and expens...
by just1question
Mon Jul 15, 2019 4:34 pm
Forum: Personal Investments
Topic: Poor financial advisor performance
Replies: 71
Views: 4550

Re: Poor financial advisor performance

Given the nature of this forum, I think most people here will tell you to DIY (including me).
by just1question
Sun Jul 14, 2019 12:32 pm
Forum: Personal Investments
Topic: Would you exchange VTSAX to VTI ??
Replies: 42
Views: 4160

Re: Would you exchange VTSAX to VTI ??

I've been noticing slightly lower expense ratios on some ETFs relative to comparable MFs, as well as purchase fees (usually like 0.25%) on some MFs but not on ETFs (e.g., corp. bond funds). Does anyone get the sense that Vanguard is trying to move its business model away from mutual funds and over t...
by just1question
Fri Jul 12, 2019 3:59 pm
Forum: Personal Investments
Topic: $13 Million Goal for Early Retirement (am I crazy?)
Replies: 189
Views: 42179

Re: $13 Million Goal for Early Retirement (am I crazy?)

I haven't read through the entire thread, just kind of jumped to the end, so maybe this has already been covered. But be careful about extrapolating the returns you have seen over the past 10 years going forward. I started investing in the early-to-mid 1990s. The market was very hot. I even got in o...
by just1question
Tue Jul 09, 2019 11:27 am
Forum: Personal Consumer Issues
Topic: (Tall) Buyer Beware: Honda Accord.
Replies: 77
Views: 10259

Re: (Tall) Buyer Beware: Honda Accord.

Try 2019 Nissan Altima for more room and comfort, if you want to stay with a sedan. I don't know much about luxury class, e.g., acura, lexus, infiniti, benz, etc. The Murano is a crossover, but has the most comfortable seats I've sat in. I didn't like the new Accord. Besides uncomfortable and tight,...
by just1question
Mon Jul 08, 2019 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Going to law school question
Replies: 55
Views: 3982

Re: Going to law school question

If you have a masters in EE, I don't think law school will be as difficult for you as others. I say this as an engineer who found my undergrad classes harder than law school classes. You already know how to think analytically, otherwise you wouldn't be an EE. But with that said, law school is still ...
by just1question
Sun Jul 07, 2019 12:47 pm
Forum: Personal Investments
Topic: 6M retirement asset allocation and tax advice
Replies: 21
Views: 3758

Re: 6M retirement asset allocation and tax advice

Hello, and thank you. Looking for asset allocation and tax advice prior to impending retirement. Age 57 yrs Married filing jointly Retirement 1-2 yrs Marginal tax brackets: Fed 37% / NY 6.8% Residence: NY Two homes Debt free $6,000,000 liquid assets Tax advantaged accounts 401(k): Vanguard Target R...
by just1question
Sun Jul 07, 2019 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: The Day Has Come - Hit Retirement Number - Now What?
Replies: 103
Views: 11900

Re: The Day Has Come - Hit Retirement Number - Now What?

Congratulations on you getting to this point! I am 50 and am semi-retired. Last year I was laid off and decided to do photography as my new career. I did this the last two or three years as a hobby. I enjoy it and love living on my schedule! If you want to know what to do next read: How to Retire H...
by just1question
Sun Jul 07, 2019 10:46 am
Forum: Personal Finance (Not Investing)
Topic: When to find a Financial Advisor in Retirement
Replies: 20
Views: 1725

Re: When to find a Financial Advisor in Retirement

+1 Simplify your financial holdings by reducing # of accounts and funds held. If you need an advisor as you age, Vanguard Portfolio Advisory Services with a 0.3% fee might be an option to manage your investments. If you don’t have anyone to help manage your financial and medical affairs due to inca...
by just1question
Sun Jul 07, 2019 10:32 am
Forum: Personal Finance (Not Investing)
Topic: The Day Has Come - Hit Retirement Number - Now What?
Replies: 103
Views: 11900

Re: The Day Has Come - Hit Retirement Number - Now What?

Are your feelings of burn out from the pace of work, working a career you don't like, or both? If it's the first you could negotiate a less-demanding schedule in exchange for working less. if your firm is a partnership it could require working as an employee for less pay. You already have financial...
by just1question
Sun Jul 07, 2019 10:32 am
Forum: Personal Finance (Not Investing)
Topic: The Day Has Come - Hit Retirement Number - Now What?
Replies: 103
Views: 11900

Re: The Day Has Come - Hit Retirement Number - Now What?

A counterpoint to the majority of what I have read in this thread. The "easiest" thing you can do is keep working. It is something you have been habituated to for 35 years. I came to this realization watching a friend metaphorially kill themselves working 100+ hours a week. They wore their commimen...
by just1question
Fri Jul 05, 2019 9:46 am
Forum: Personal Finance (Not Investing)
Topic: How much did FIRE affect your SS payments?
Replies: 17
Views: 2799

Re: How much did FIRE affect your SS payments?

I'm no expert on this, but: 1. I'm pretty sure the projection that the SS website gives you is based on continuing work until retirement age at your latest salary, maybe with an increase for inflation. So it will not zero-out the 5 to 10 years short of 35 that you do not work. 2. Somewhere on this w...
by just1question
Thu Jul 04, 2019 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: The Day Has Come - Hit Retirement Number - Now What?
Replies: 103
Views: 11900

Re: The Day Has Come - Hit Retirement Number - Now What?

Here are a few suggestions you may consider (some regarding continuing to work, some not): 1. You indicate you do not like your job. Are you burned out on law in general or simply burned out working at your particular workplace? If you still have an interest in law, would working at a different fir...
by just1question
Thu Jul 04, 2019 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: The Day Has Come - Hit Retirement Number - Now What?
Replies: 103
Views: 11900

Re: The Day Has Come - Hit Retirement Number - Now What?

Before one spouse retires, and especially when the other continues to work, it is useful to discuss the division of housework. Will you be making dinner every night, dusting, making the bed, dealing with Roomba, taking out the trash, doing the laundry, tidying the linen closet, and all the other co...
by just1question
Thu Jul 04, 2019 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: The Day Has Come - Hit Retirement Number - Now What?
Replies: 103
Views: 11900

Re: The Day Has Come - Hit Retirement Number - Now What?

would suggest you look at the value of your stock allocation and cut that value in half. and then think if you would be comfortable retiring with that number. No, I would not be comfortable retiring in my early fifties (before SS and pension) on half the value of my mutual funds/ETFs. But I've look...
by just1question
Thu Jul 04, 2019 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: The Day Has Come - Hit Retirement Number - Now What?
Replies: 103
Views: 11900

Re: The Day Has Come - Hit Retirement Number - Now What?

Figure out why you hate work, and fix that. I like the people I work with, and my firm. The nature of the work, law, is confrontational and argumentative. It's hard to "fix" something that is inherently filled with stress and pressure. Some people thrive off it. I guess I did for a while. 25 plus y...
by just1question
Thu Jul 04, 2019 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: The Day Has Come - Hit Retirement Number - Now What?
Replies: 103
Views: 11900

Re: The Day Has Come - Hit Retirement Number - Now What?

would suggest you look at the value of your stock allocation and cut that value in half. and then think if you would be comfortable retiring with that number. No, I would not be comfortable retiring in my early fifties (before SS and pension) on half the value of my mutual funds/ETFs. But I've look...
by just1question
Thu Jul 04, 2019 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: The Day Has Come - Hit Retirement Number - Now What?
Replies: 103
Views: 11900

Re: The Day Has Come - Hit Retirement Number - Now What?

Not sure how much vacation time you have, but here is the test that I have been doing for the past few years. Take off 2 weeks and don't go on vacation during this time. Live your life like you were retired and it was just another 2 weeks in the year. If at the end of 2 weeks, you feel bored and re...
by just1question
Thu Jul 04, 2019 10:22 am
Forum: Personal Finance (Not Investing)
Topic: The Day Has Come - Hit Retirement Number - Now What?
Replies: 103
Views: 11900

Re: The Day Has Come - Hit Retirement Number - Now What?

With the recent run-up in the market, I hit my retirement number today. ... Absent a catastrophe, we should be fine. Didn't you hit the same mark or come close last September? I was reviewing an account and I thought I had reached a milestone last year, but as I was looking back, Y/Y for year end 2...
by just1question
Thu Jul 04, 2019 5:56 am
Forum: Personal Finance (Not Investing)
Topic: The Day Has Come - Hit Retirement Number - Now What?
Replies: 103
Views: 11900

Re: The Day Has Come - Hit Retirement Number - Now What?

Awkward to retire while your DW continues working; not quite as much freedom as we expect in retirement. Perhaps cut the cloth halfway and both of you retire in 5 years? I retired at 55 and 20 years later I still wonder what is it that kept me from retiring earlier. I did have a decent job overseei...
by just1question
Wed Jul 03, 2019 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: The Day Has Come - Hit Retirement Number - Now What?
Replies: 103
Views: 11900

Re: The Day Has Come - Hit Retirement Number - Now What?

As for your current job, you could just lay down on the job. Just coast. Work the absolute minimum. Wait for a severance. My parents instilled some idiotic value system in my that would prevent me from just coasting. Damn parents. JK. I'm a lawyer at a law firm. No work, no pay. Also, I've seen man...