Search found 28 matches

by BernardShakey
Wed Oct 09, 2019 5:41 pm
Forum: Investing - Theory, News & General
Topic: How many are switching from Fidelity?
Replies: 140
Views: 15869

Re: How many are switching from Fidelity?

I really like Fidelity's website and simplicity for transactions. I have my wife's rollover IRA, a 529, and one kid's Roth there and when I retire will put my 401k and HSA with them too. Love the 2% cash back credit card with no annual cap that dumps right into the 529 each month/quarter. I think Fi...
by BernardShakey
Mon Oct 07, 2019 11:50 pm
Forum: Personal Finance (Not Investing)
Topic: What are your personal experiences with downside of early retirement?
Replies: 95
Views: 17635

Re: What are your personal experiences with downside of early retirement?

Wow. I bet those brand new Nuclear Physics Engineers would like to keep the "old timers" around a bit longer... Oh and and maybe ask those new NASA engineers if those old timers are worth keeping around. They too are replaceable. The truly gifted, extremely knowledgeable, and highly experienced are...
by BernardShakey
Wed Oct 02, 2019 11:09 pm
Forum: Personal Investments
Topic: Retirement Planning Question
Replies: 11
Views: 1534

Re: Retirement Planning Question

Since your wife is 55, she should be able to leave her company today, leave the 401k with the company, and take annual withdrawals without penalty. That ability might vary from company to company but I believe most allow it. Others here much more knowledgeable than me could confirm.
by BernardShakey
Sat Sep 28, 2019 6:51 pm
Forum: Personal Investments
Topic: Portfolio review for a young investor
Replies: 14
Views: 1390

Re: Portfolio review for a young investor

You never know if you're "buying a dip" until after the fact...it doesn't work in the long run. Set your AA, choose low cost funds, invest regularly, and stay the course!
by BernardShakey
Sat Sep 28, 2019 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: My Personal Finance Breakdown... Good Start?
Replies: 11
Views: 1682

Re: My Personal Finance Breakdown... Good Start?

Other than that car lease, you are doing a fine job! Wish I was on top of things as much as you are when I was in my mid-20's. My advice would be to focus on buying the car and then paying down that student loan. Now is the time to rid yourself from the debt ball and chain....while you are young and...
by BernardShakey
Fri Sep 27, 2019 9:17 pm
Forum: Personal Investments
Topic: Portfolio review for a young investor
Replies: 14
Views: 1390

Re: Portfolio review for a young investor

Agree with lakpr on keeping your bond allocation low. I set up my daughter (age 22) in Vanguard Target Fund 2065 and I think it's like 91/9. At age 26, you just want to stick to a modest budget and pile up the savings in low cost stock funds. You are going great :beer
by BernardShakey
Fri Sep 27, 2019 9:03 pm
Forum: Personal Investments
Topic: Maxed out 401K
Replies: 6
Views: 1256

Re: Maxed out 401K

Yes, mine is on a paycheck to paycheck basis. And one year I did hit that 56K limit or whatever it was back then and lost the match on my last couple paychecks. Some megacorps have a supplemental plan for folks making over a certain amount and it serves as a "spillover" account in the event you hit ...
by BernardShakey
Fri Sep 27, 2019 8:56 pm
Forum: Personal Investments
Topic: Portfolio Review & Questions
Replies: 15
Views: 1308

Re: Portfolio Review & Questions

I would most certainly pay off that mortgage!
by BernardShakey
Fri Sep 27, 2019 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Saving Targets - Where to Next?
Replies: 6
Views: 571

Re: Saving Targets - Where to Next?

Sounds like education is important to you and funding your children's education will be a main focus. If so, I would continue maxing your retirement savings, max out similarly for wife, the HSA, and even make some after tax contributions to the 401ks and then roll those over into your Roth IRAs peri...
by BernardShakey
Sun Aug 25, 2019 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: [Please Review] Retirement Expenses in California and safe withdrawl rate of 3.5%
Replies: 25
Views: 2103

Re: [Please Review] Retirement Expenses in California and safe withdrawl rate of 3.5%

Looks like your withdraw rate might need to be closer to 4.5% if state and fed income taxes are included. Do you have pensions ? Assuming social security taken at 70, it looks like you will have a higher than 4% withdraw rate initially and then drop down.
by BernardShakey
Sun Aug 25, 2019 9:09 am
Forum: Personal Finance (Not Investing)
Topic: When to have an Umbrella insurance policy
Replies: 39
Views: 4366

Re: When to have an Umbrella insurance policy

I guess 'cheap' is relative. I recently looked into a $1M umbrella policy which would cost around $700 + an additional $300 to raise my policy limits to meet the eligibility requirements. The X factor being that I have 2 driving teenagers which drives up the cost. Is the consensus that the policy i...
by BernardShakey
Sat Aug 24, 2019 7:15 pm
Forum: Personal Investments
Topic: where does kids college funds come into play in my plan?
Replies: 24
Views: 2034

Re: where does kids college funds come into play in my plan?

OP - I would do a few things. 1) Look into refinancing the mortgage, With rates going a little lower, a low-cost re-fi might make sense if you are planning to stay put. 2) Aggressively pay down the student loan and just get rid of it. Gone forever. I know it's only 1.8% but with some focused attenti...
by BernardShakey
Sat Aug 24, 2019 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Allowable 529 expenses
Replies: 6
Views: 561

Re: Allowable 529 expenses

How about the cost of applications, specifically medical school applications ? Med school applications involve initial submittals and subsequent secondary applications and the costs can really add up. 529 eligible ?
by BernardShakey
Sat Aug 17, 2019 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Selective Colleges
Replies: 339
Views: 19440

Re: Merits of a Selective School

Merits of a Selective School: Will my second kid get a good education at the public engineering school? Yeah, I think so. And he'll (likely) be an engineer when he graduates. And, IIUC, the engineering grads at his school are well paid, and heavily recruited around this area, and probably further a...
by BernardShakey
Wed Aug 14, 2019 11:04 pm
Forum: Personal Finance (Not Investing)
Topic: Buy historic, walkable home or stay in blah subdivision with short commute?
Replies: 56
Views: 6097

Re: Buy historic, walkable home or stay in blah subdivision with short commute?

OP- Sounds like you are looking at a great property in an area you all will enjoy and that's worth a whole lot. You only live once...If you make an offer, let us know how it turns out!
by BernardShakey
Sat Aug 10, 2019 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Should we move
Replies: 45
Views: 4076

Re: Should we move

You've got a pretty good set-up. I'd probably look at maybe adding a bedroom and a full bath if your lot/layout is conducive to that. It can be expensive, but so is buying and selling. Your current arrangement is so convenient, it would be hard to give that up.
by BernardShakey
Sat Aug 10, 2019 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Buy historic, walkable home or stay in blah subdivision with short commute?
Replies: 56
Views: 6097

Re: Buy historic, walkable home or stay in blah subdivision with short commute?

We've made this move. We decided in 2012 when kids were in middle school to leave the bland, unfriendly, and soul-lacking tract neighborhood and move cross-town into a more historic, closer to downtown area. Absolutely no regrets. The neighborhood is alive and you feel more connected to people. One ...
by BernardShakey
Sat Aug 10, 2019 8:53 am
Forum: Personal Investments
Topic: 401 K allocation
Replies: 3
Views: 395

Re: 401 K allocation

+1 At your age, I'd go target fund too. Spend less time thinking about AA and focus instead on plowing as much $$ as you can into that TD fund. It's all about the savings rate. Attack your budget, focus on career, and let it pile up. International equities may not be in favor today, but their time w...
by BernardShakey
Tue Jul 09, 2019 11:06 pm
Forum: Investing - Theory, News & General
Topic: Retiring Early Correlates with Greater Longevity ?
Replies: 47
Views: 5189

Retiring Early Correlates with Greater Longevity ?

Hey all...Are there any definitive studies on this subject ? Seems to be a smattering of short articles out there but few if any comprehensive long-term / longitudinal studies on the subject. I imagine there are a myriad of factors that a study would have to consider. Anyone researched this and draw...
by BernardShakey
Sun Jul 07, 2019 11:58 pm
Forum: Personal Investments
Topic: Best Options/Strategies for Funding College in 18 years
Replies: 11
Views: 1163

Re: Best Options/Strategies for Funding College in 18 years

I think a low cost 529 plan with the state tax deduction if yours provides that would be a good way to go. I've done that with mine, even without the deduction, and it has turned out pretty well. Started when they were infants with monthly contributions. As my salary increased, we ramped up the cont...
by BernardShakey
Sun Jul 07, 2019 6:51 pm
Forum: Personal Investments
Topic: Request Review of Retirement Readiness
Replies: 13
Views: 1635

Re: Request Review of Retirement Readiness

lakpr, thanks for the insight regarding IRA protection. I believe I can roll pension to an IRA, not sure about 401k - will check. As I tried to mention in my original post, if you are not able to roll the pension amount into your 401k plan for now, that is ok. Roll to an IRA, then roll from IRA to ...
by BernardShakey
Sun Jul 07, 2019 4:44 pm
Forum: Personal Investments
Topic: Request Review of Retirement Readiness
Replies: 13
Views: 1635

Re: Request Review of Retirement Readiness

Stinky, we no longer earn service credits, only a very small interest credit each year. The 835k payout is the value for 2023 draw date. If earlier, it'll be a little less, if later a little more. Seems simply based on the date of draw as I've observed that the projected value doesn't change as int...
by BernardShakey
Sun Jul 07, 2019 9:09 am
Forum: Personal Investments
Topic: Request Review of Retirement Readiness
Replies: 13
Views: 1635

Re: Request Review of Retirement Readiness

OP here...Appreciate the thoughtful comments. It's a scary prospect going from a solid paycheck and established career to drawing down one's life savings and relying on pensions and SS knowing you won't ever make that kind of money again. Looking back, the accumulation part has been the easier phase...
by BernardShakey
Sat Jul 06, 2019 11:48 pm
Forum: Personal Investments
Topic: Under age 50 and have a stock allocation less than 50%?
Replies: 25
Views: 2796

Re: Under age 50 and have a stock allocation less than 50%?

I like it. I subscribe to the idea of not taking more risk than you have to in order to meet your goals. As someone mentioned in an earlier post, you do want to make sure your combined investments keep you well ahead of inflation. I'm 56 years old and am looking at a 50% stock / 35% bond /15% cash a...
by BernardShakey
Sat Jul 06, 2019 11:26 pm
Forum: Personal Investments
Topic: Anyone itching to dabble in crypto?
Replies: 46
Views: 3294

Re: Anyone itching to dabble in crypto?

Hmm, I wonder what Mr. Bogle would say. For me, I know I would lose my shirt before the year is out. I avoid almost all individual stocks but crypto / bitcoin would be a bridge too far. Seems like the I industry (if you can even call it that) is ripe with fraud.
by BernardShakey
Sat Jul 06, 2019 11:12 pm
Forum: Personal Investments
Topic: Request Review of Retirement Readiness
Replies: 13
Views: 1635

Re: Request Review of Retirement Readiness

Thanks Peter. :oops: Typo on my part, I meant "retire in March 2023" which is about 3.5 years from now. 2020 would be wishful thinking! Simplification does seem to be something I need to look at. Anyone else out there have any advice on proposed AA in retirement and lump sum vs. annuity pension opti...
by BernardShakey
Sat Jul 06, 2019 5:06 pm
Forum: Personal Investments
Topic: Request Review of Retirement Readiness
Replies: 13
Views: 1635

Request Review of Retirement Readiness

Hi All- I've been a BH Forum reader for a little while now and am so glad to have found this community! I'm seriously considering retiring from Mega Corp in about 3.5 years and am looking for a retirement readiness review from my favorite BH experts. I've got a few questions below and would apprecia...
by BernardShakey
Wed Jun 26, 2019 12:13 am
Forum: Personal Investments
Topic: Help a Boglehead feel comfortable about our portfolio...
Replies: 8
Views: 1341

Re: Help a Boglehead feel comfortable about our portfolio...

I think you're looking great! Very similar situation to my own, you are just a couple years ahead of me and in a little better shape. Couple suggestions to your questions.... 1) Roth conversion plan looks good. Will want to do the bulk of them by age 63 as there is a 2-year income look back for Medi...