Search found 35 matches

by iraconfused
Fri Apr 24, 2020 9:53 am
Forum: Personal Investments
Topic: Poor Publix employee seeking 401k investment advice
Replies: 169
Views: 11539

Re: Poor Publix employee seeking 401k investment advice

I'm not sure how much money I'll have in my retirement... any ideas what I can expect to have? I began working at Publix at age 26 and am now 33. So far I have roughly $13,900 in the profit plan, $9,600 in the 401k plan, and $3,000 that I spent on buying Publix stock via the Employee Stock Purchase ...
by iraconfused
Wed Mar 25, 2020 7:51 pm
Forum: Investing - Theory, News & General
Topic: What is the 30-year total return for S&P500 or VTI?
Replies: 20
Views: 1767

Re: What is the 30-year total return for S&P500 or VTI?

S&P 500 averages 10% a year. $50k after 30 years is $990k+/- providing you do not at more money.
by iraconfused
Thu Jan 16, 2020 10:25 am
Forum: Personal Investments
Topic: 25x-50x living expenses?
Replies: 104
Views: 10282

Re: 25x-50x living expenses?

I'm sure that your plan is feasible. The CD ladder of 800k producing 40k/year for 20 years sounds like the proceeds from CDs are being spent, so the 800k is gone in 20 years. Except that all the interest they produced isn't gone, so either that interest went toward paying for inflation (i.e. you do...
by iraconfused
Wed Jan 15, 2020 11:46 am
Forum: Personal Investments
Topic: 25x-50x living expenses?
Replies: 104
Views: 10282

Re: 25x-50x living expenses?

Hi Bogleheads. I am rewording this due to A LOT of confusion from people. Thank you GrowthSeeker. Hypothetically, if someone at retirement had accumulated a 401k of $2 mil between traditional and Roth and wanted $80k per year total money how feasible is this plan? Traditional 401k $1.2 mil Roth 401...
by iraconfused
Wed Jan 15, 2020 12:37 am
Forum: Personal Investments
Topic: 25x-50x living expenses?
Replies: 104
Views: 10282

Re: 25x-50x living expenses?

How does one retire a $44k truck loan in 3 years at $200/wk? Did you mean 5 years? More to the point why does someone with $1.8m in assets, 45k in income, and almost zero expenses need a truck loan? The OP has STILL (after two days) not posted anticipated yearly expenses, expected SS, or any sort o...
by iraconfused
Wed Jan 15, 2020 12:32 am
Forum: Personal Investments
Topic: 25x-50x living expenses?
Replies: 104
Views: 10282

Re: 25x-50x living expenses?

PaulF wrote:
Tue Jan 14, 2020 1:07 pm
How does one retire a $44k truck loan in 3 years at $200/wk? Did you mean 5 years?
PaulF,

I base my bills on 40 hr week. I work A LOT more than 40hrs. Anything over 40 goes to truck. 3.5 years tops pay off truck
by iraconfused
Wed Jan 15, 2020 12:27 am
Forum: Personal Investments
Topic: 25x-50x living expenses?
Replies: 104
Views: 10282

Re: 25x-50x living expenses?

iraconfused, I always had 25x expenses as a general goal.. I'm a bit over 30x and still employed. Why? I realized that I might want to expand my spending in the future. I have no plans to do so, but I want to leave the options open. That truck you plan on paying off... maybe you will need to buy an...
by iraconfused
Tue Jan 14, 2020 11:51 pm
Forum: Personal Investments
Topic: 25x-50x living expenses?
Replies: 104
Views: 10282

Re: 25x-50x living expenses?

OP. My intent here is not to insult you but rather is a plea for better communication. I have now spent maybe 20 minutes reading through this entire post, and some of your very first post. I find your writing style rather terse with key words sometimes missing to the point where I find it very conf...
by iraconfused
Tue Jan 14, 2020 12:20 pm
Forum: Personal Investments
Topic: 25x-50x living expenses?
Replies: 104
Views: 10282

Re: 25x-50x living expenses?

I am just trying to figure out what I read about 25X+ living expenses and how people decide which to take from. Stocks or Bonds? Or Both? I think you are mixing up a couple of items and that's why its confusing. The 25x your expenses comes from the the Bengen study and the '4% rule'. It basically s...
by iraconfused
Tue Jan 14, 2020 11:23 am
Forum: Personal Investments
Topic: 25x-50x living expenses?
Replies: 104
Views: 10282

Re: 25x-50x living expenses?

Still seems like you more overly complicating things, as well as not strategizing your tax planning. If your expenses are that low and you already have 7 figures you can do whatever you want at retirement age. It supports it. Why are you paying into a Roth 401k instead of traditional? You are locki...
by iraconfused
Mon Jan 13, 2020 12:35 pm
Forum: Personal Investments
Topic: 25x-50x living expenses?
Replies: 104
Views: 10282

Re: 25x-50x living expenses?

I am confused. If your expenses are 1k and wife’s income is 45k, does she save 33k? How much do you save/invest? I am 45. I put in 15% traditional and 5% Roth per week. Max out Roth IRA . House paid for. Only debt is 44k for truck. I pay 200 per week on until paid. Monthly expenses are 1k. Wife is ...
by iraconfused
Mon Jan 13, 2020 11:55 am
Forum: Personal Investments
Topic: 25x-50x living expenses?
Replies: 104
Views: 10282

Re: 25x-50x living expenses?

I am confused. If your expenses are 1k and wife’s income is 45k, does she save 33k? How much do you save/invest? I am 45. I put in 15% traditional and 5% Roth per week. Max out Roth IRA . House paid for. Only debt is 44k for truck. I pay 200 per week on until paid. Monthly expenses are 1k. Wife is ...
by iraconfused
Sun Jan 12, 2020 11:25 pm
Forum: Personal Investments
Topic: 25x-50x living expenses?
Replies: 104
Views: 10282

Re: 25x-50x living expenses?

I see. You mean to say that the withdrawal of contributions to a Roth IRA is not counted as income. However, this is not true of contributions to Roth 401k plans if withdrawn prior to age 59.5. willthrill81, Come on. All the person has to do is roll over that Roth 401K into Roth IRA and the restric...
by iraconfused
Sun Jan 12, 2020 11:06 pm
Forum: Personal Investments
Topic: 25x-50x living expenses?
Replies: 104
Views: 10282

Re: 25x-50x living expenses?

I believe that you meant to say that Roth rollovers are not counted as income. Taxes are paid on contributions to Roth accounts. Our discussion is about the withdrawal from those accounts. Withdrawal of Roth IRA's contribution is not counted as income. KlangFool I see. You mean to say that the with...
by iraconfused
Sun Jan 12, 2020 10:52 pm
Forum: Personal Investments
Topic: 25x-50x living expenses?
Replies: 104
Views: 10282

Re: 25x-50x living expenses?

I am confused. If your expenses are 1k and wife’s income is 45k, does she save 33k? How much do you save/invest? I am 45. I put in 15% traditional and 5% Roth per week. Max out Roth IRA . House paid for. Only debt is 44k for truck. I pay 200 per week on until paid. Monthly expenses are 1k. Wife is ...
by iraconfused
Sun Jan 12, 2020 10:16 pm
Forum: Personal Investments
Topic: 25x-50x living expenses?
Replies: 104
Views: 10282

Re: 25x-50x living expenses?

OP, You are simply wrong. What you choose to spend every year does not have to be the same as what you withdraw from the accounts. For example, if your annual expense is 60K but you can withdraw/convert your account of 100K at 0% taxes, why won't you do it? How much you withdraw/convert is dependen...
by iraconfused
Sun Jan 12, 2020 10:01 pm
Forum: Personal Investments
Topic: 25x-50x living expenses?
Replies: 104
Views: 10282

Re: 25x-50x living expenses?

OP, You are simply wrong. What you choose to spend every year does not have to be the same as what you withdraw from the accounts. For example, if your annual expense is 60K but you can withdraw/convert your account of 100K at 0% taxes, why won't you do it? How much you withdraw/convert is dependen...
by iraconfused
Sun Jan 12, 2020 9:49 pm
Forum: Personal Investments
Topic: 25x-50x living expenses?
Replies: 104
Views: 10282

Re: 25x-50x living expenses?

OP, I think the big thing you are missing is what your AA will be after you have exhausted the CDs.... Probably better to decide on this Allocation and then decide how to fund your expenses. Take from either the CDs or stocks to keep you AA in line. If I did the math right, you are looking for a 4%...
by iraconfused
Sun Jan 12, 2020 9:43 pm
Forum: Personal Investments
Topic: 25x-50x living expenses?
Replies: 104
Views: 10282

Re: 25x-50x living expenses?

What are your expense and do they include healthcare and income tax? 25 x expenses = 25 year retirement 50 x expenses = 50 year retirement Hopefully your portfolio is structured to keep up with inflation after taking your yearly allotment. I am tired an not making sense of what you wrote. It would ...
by iraconfused
Sun Jan 12, 2020 8:26 pm
Forum: Personal Investments
Topic: 25x-50x living expenses?
Replies: 104
Views: 10282

25x-50x living expenses?

Hi Bogleheads. I am rewording this due to A LOT of confusion from people. Thank you GrowthSeeker. Hypothetically, if someone at retirement had accumulated a 401k of $2 mil between traditional and Roth and wanted $80k per year total money how feasible is this plan? Traditional 401k $1.2 mil Roth 401k...
by iraconfused
Mon Dec 23, 2019 3:33 pm
Forum: Personal Investments
Topic: Planning around new Stretch IRA rules...
Replies: 24
Views: 1912

Re: Planning around new Stretch IRA rules...

Give 1/2 of what you get each year to charity. Lower tax bill. Pay any taxes owed and invest the rest. Merry Christmas
by iraconfused
Thu Dec 19, 2019 11:17 am
Forum: Personal Investments
Topic: New Dual Physican Couple
Replies: 60
Views: 6507

Re: New Dual Physican Couple

Just a quick question. If the 2 of you are making $650k per year why are you trying for debt forgiveness? Or are you? You could have all the debt paid off in 3-4 years.
by iraconfused
Wed Dec 04, 2019 9:52 am
Forum: Personal Investments
Topic: Does it make sense to defer 2019 Salary into 2020 401K?
Replies: 8
Views: 898

Re: Does it make sense to defer 2019 Salary into 2020 401K?

I work for GM. We can put 100% of profit share into 401k which helps with maxing out. The issue you might have if company does a match and you max out first of year are you missing out rest of year. GM does around 10% of my 40 hr paycheck each week regardless if I put money in or not. So might check...
by iraconfused
Fri Nov 29, 2019 6:51 pm
Forum: Personal Investments
Topic: Investment Strategy Review
Replies: 7
Views: 796

Re: Investment Strategy Review

Why TDF in Roth? Total stock, S&P 500 index, Reit index. Something that makes money with no bonds. Why waste money on loan interest? Take extra after money invested and pay off house.
by iraconfused
Sun Nov 17, 2019 8:37 pm
Forum: Personal Investments
Topic: How to combine finances with your spouse? Recently married/early30s
Replies: 72
Views: 5653

Re: How to combine finances with your spouse? Recently married/early30s

Do yourself a favor and keep your money separate from him. Not saying it would happen but if you paid off his debt and things went south you are out of money. I cleared out big chunk of what I had when I got married paying cash for my wife a new vehicle. My wife was forced into early retirement and ...
by iraconfused
Wed Oct 16, 2019 8:59 pm
Forum: Personal Investments
Topic: Your thoughts on these two portfolios
Replies: 4
Views: 547

Re: Your thoughts on these two portfolios

Ferdinand2014 I have already posted my info before. This is just a what do you think about these 2 portfolios? Curious if most Bogleheads were hardcore 2/3 totals or strayed outside of the box
by iraconfused
Wed Oct 16, 2019 8:20 pm
Forum: Personal Investments
Topic: Thoughts on 33% Large 33% Mid and 33% small?
Replies: 84
Views: 7156

Re: Thoughts on 33% Large 33% Mid and 33% small?

https://www.financial-planning.com/news/three-against-one-a-battle-of-index-funds. I am not sure how to post articles, but if you google three-against-one-a-battle-of-index-funds it shows this does better than total stock market. This is what I plan on doing once retired. I only have S&P 500 and Mid...
by iraconfused
Wed Apr 17, 2019 7:54 pm
Forum: Personal Investments
Topic: confused opening ira and withdrawal at retirement
Replies: 14
Views: 955

Re: confused opening ira and withdrawal at retirement

1st stocks and bonds inside TIRA I get. Pulling from both I get. What confuses me is people on here holding 2-5 yrs of expenses in bonds or MM funds. I would like to do that and let stocks grow. So are the 2-5 yrs held in the bond or MMF inside TIRA and then reallocated when empty? Is Vanguard MMF ...
by iraconfused
Wed Apr 17, 2019 4:25 pm
Forum: Personal Investments
Topic: confused opening ira and withdrawal at retirement
Replies: 14
Views: 955

Re: confused opening ira and withdrawal at retirement

An allocation of 90/10 or 85/15 in retirement is very aggressive. What’s appropriate for people with Warren Buffett kind of money may not be appropriate for folks like you and me. I do not mind aggressive. Maxing a Roth for her and myself plus maxing out 401k for 16 yrs averaging 10% we should be a...
by iraconfused
Wed Apr 17, 2019 4:22 pm
Forum: Personal Investments
Topic: confused opening ira and withdrawal at retirement
Replies: 14
Views: 955

Re: confused opening ira and withdrawal at retirement

OP, Why are you contributing 2k to trad IRA for just one year? Why dont you do the full to Roth IRA for this year as well? As for what to do at retirement which is 10+ years away, are you talking about RMDs or withdrawls for expenses? I just want something set up to roll my 401k into when I retire....
by iraconfused
Wed Apr 17, 2019 4:11 pm
Forum: Personal Investments
Topic: confused opening ira and withdrawal at retirement
Replies: 14
Views: 955

Re: confused opening ira and withdrawal at retirement

My TIRA is allocated about 21% equities and 79% fixed income. My Required Minimum Distribution (RMD) takes the withdrawal proportionately from each holding (except my CDs). I set this approach up with Vanguard 2 years ago and it will happen each year at the same time unless I change it. I have the ...
by iraconfused
Wed Apr 17, 2019 3:28 pm
Forum: Personal Investments
Topic: confused opening ira and withdrawal at retirement
Replies: 14
Views: 955

Re: confused opening ira and withdrawal at retirement

Welcome to the forum and congrats on paying off the mortgage! It looks like you have about $100k in annual income. After a $24k standard deduction that leaves you with $76k taxable income which is at the top of the 12% bracket. At least 15% of her SS income isn't taxed so you may be a little lower ...
by iraconfused
Wed Apr 17, 2019 3:21 pm
Forum: Personal Investments
Topic: confused opening ira and withdrawal at retirement
Replies: 14
Views: 955

Re: confused opening ira and withdrawal at retirement

An allocation of 90/10 or 85/15 in retirement is very aggressive. What’s appropriate for people with Warren Buffett kind of money may not be appropriate for folks like you and me. I do not mind aggressive. Maxing a Roth for her and myself plus maxing out 401k for 16 yrs averaging 10% we should be a...
by iraconfused
Tue Apr 16, 2019 5:51 pm
Forum: Personal Investments
Topic: confused opening ira and withdrawal at retirement
Replies: 14
Views: 955

confused opening ira and withdrawal at retirement

Hello Bogleheads, I have some questions I am hoping to get guidance on. About me EF none right now(new ac and vet bills). wife and I are putting in $100 each per month. Sep CU comes out of checks each week Debt $76k home to be paid off next week and cc paid off monthly. No other debt Married filing ...