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Things are getting difficult at work and I am feeling like pulling the plug and retire but I do not feel ready because everything changed in last 2 weeks. My company eliminated 10 people in a team 12 and I now have a crazy work load and I am being forced to go back to the office which I am not a fun off after really enjoying working from home for a few years after Covid. I am 38 and my wife 39 and we have two kids 7 and 4. Our portfolio is essentially my 401K and everything else on a single stock. Assets: House: $330K Cars: $80k Emergency funds: $12k Debt: $124k @ 3.5% Tax Filing Status: Married Tax Rate: 12% Federal, 7% State State of Residence: South Carolina Age: 38 and 39 Total Portfolio: $1.75M Taxable $270k His 401K: $284k 81% Fideli...

couple additional thoughts: 1. maybe picking at nits, but vanguard says vasix is 19.2% stocks with the rest bonds (source: https://investor.vanguard.com/investment-products/mutual-funds/profile/vasix#price). Won't make a hill of beans, really but this should be thought of as an 20/80 (stock/bond) fund because that's usually what it is/has been. 2. What they really should do is design their portfolio to match their need, ability and willingness to take risk. Perhaps they don't have a need to take risk (you said they can meet their obligations with their pension and SS), some say why take risk if you don't need to? They might have the ability (because they don't need the money to live), and might want to grow the pie to leave more to you, bu...

I have an annuity that I bought before discovering Bogleheads. The annual income from it along with social security more that cover basic expenses including taxes, medicare B,D and F. Under the secure act 2.0, I believe 100% of the annuity goes toward RMDs when they start. The remaining portion of my tIRA, about 70%, is all Total Market Index Funds and is only tasked with covering the effects of inflation on the annual 20k from the annuity. Looking back I would be dollars ahead if I had bought an index fund instead. But 20/20 hindsight is usually clearer that the road ahead. I will say this through, during all the market ups and downs since COVID and all the joy it brought, I have sleep well every night. So maybe for me the lower steady re...

Thank you Stinky Its a variable annuity No surrender charges, I have held it long enough. He told me he wanted to put the fund into the brokerage account. Unless I miss understood him. Yes. The advisor even though a fiduciary is still human and needs to look out for their own pocket. And I do question his "in your best interest" With that information, let me give you a few comments: --- If you surrender the variable annuity, you'll save the fees. Many variable annuities have base fees of roughly 1%, PLUS fees of roughly 1% on mutual funds that could purchased outside of the VA for almost zero fees, PLUS rider fees (if any). So you could be saving that 2% (or more) annual fee. --- Do you feel comfortable managing the investments y...

Everything Everywhere All at Once, watched last night. Me and SO (both very math, engineering, analytic brains) thought it was very bizarre and maybe a little creepy weird in some spots. Not sure if there was a deeper meaning other than about the relationships, we really didn't get. If anyone can explain more about the movie or why it was so lauded maybe we will be able to think back and understand it better? Wondering if anyone else had the same reaction to it or is it just us? If you didn't get it, you probably won't. It's about generational trauma and the attempt by both mother and daughter to resolve those issues at the precipice of disaster (possible Suicide). The writers and directors reach both the younger and older audience by comb...

Everything Everywhere All at Once, watched last night. Me and SO (both very math, engineering, analytic brains) thought it was very bizarre and maybe a little creepy weird in some spots. Not sure if there was a deeper meaning other than about the relationships, we really didn't get. If anyone can explain more about the movie or why it was so lauded maybe we will be able to think back and understand it better? Wondering if anyone else had the same reaction to it or is it just us? If you didn't get it, you probably won't. It's about generational trauma and the attempt by both mother and daughter to resolve those issues at the precipice of disaster (possible Suicide). The writers and directors reach both the younger and older audience by comb...

What happens if you wait, mortgage rates come down, and house prices go up? Will you be more upset paying more for a house?

Buy now, refinance later, and the money going towards rent will start paying down the principal.

I am a For Sale By Owner seller, in a college town of mid-west, listed on Zillow, got an offer with our listing price ($338k), from a buyer with agent. However the buyer's appraisal came in lower than offer (324k), with 14k gap. The buyer would like to add $6k, to bring a new contract price of $330k. I wonder the strategies to negotiate a higher price as a FSBO seller, and any inputs would be really appreciated. When we listed our home, we researched 8 comparable sales in neighborhood since last August, and chosen the median $/sq.ft and multiply our area. The local market is still hot, very low inventory, several recent pending sales in neighborhood still high. The appraiser was non-local, listed 10 comps, 4 were the sites we researched, w...

Perhaps they shouldn’t have loosened the Dodd-Frank regulations then. This was a thing that was partially repealed in 2018 by our lovely anti-regulation representatives. SVB previously had extra stress testing, and due to the regulatory changes, they no longer had the same level of stress testing. Perhaps it would have mattered. Or perhaps not, because it’s hard to prevent a bank run from ruining a bank What exact regulation are you referring to that would have prevented the collapse? If you can't name the regulation then your posts are non-actionable and trolling. They already said. Dodd-Frank. They rolled back oversight requirements back in 2018 for banks with less than $250 billion in assets (like SVB). https://www.nytimes.com/2018/05/2...

Serta Perfect Sleeper plush is the most comfortable mattress I've ever slept on. I've had the pillow top and non-pillow top. Both were about the same comfort level, and both can be purchased today under $1k. My 1st Perfect Sleeper cost over $2k from a local mattress store back in 2007ish and I didn't realize they were ripping me off. Check the coil count, the more coils the better. Probably a save bet...and coil count is a consideration. However, while I am a believer in facts & specs, it is also easy for manufacturers to focus on a particular measurement to the disadvantage of the buyer. Very similar to what has happened with dpi or thread count. Just thinking about coils: type of metal, thickness, variable spring rate, mechanism used...

US taxpayers will not be on the hook for either facility, the regulators said. But shareholders and holders of unsecured corporate bonds will not be protected by the regulators’ plan.

https://www.cnn.com/2023/03/12/investin ... index.html

Serta Perfect Sleeper plush is the most comfortable mattress I've ever slept on. I've had the pillow top and non-pillow top. Both were about the same comfort level, and both can be purchased today under $1k.

My 1st Perfect Sleeper cost over $2k from a local mattress store back in 2007ish and I didn't realize they were ripping me off.

Check the coil count, the more coils the better.

Stinky wrote: ↑Fri Mar 10, 2023 9:49 pm I’d say that if you see a rate that you like from a company that you feel comfortable with, buy it.

^^^ This right here!

Nobody knows which direction any of this goes. What do I know? I know that rates right now on fixed income devices are better than they've been for a long time.

When was the last time anyone could get these fixed rates?

OP, it appears that you and your wife don't need the windfall money to meet your retirement goals. I wouldn't let this windfall be the downfall of your marriage by pushing your wife to do something against her will. Let it go... poor financial decision that is may be. (My BH advice would be to invest this money all in the stock market since you don't need it. Then give the money to charity as it appreciates in value.) 1st charity should be children/grandchildren. I don’t do “should be’s” and the attached guilt. That may or may not be a good thing for the kids and grandkids, you know? She may need it for her own care one day, or to supplement her income if retirements don’t have survivor benefits. It’s very thoughtful the OP is soliciting i...

At the time, T bills were paying nothing and I somehow hoped that if I bought a bond fund when rates were close to zero, miraculously I would make a good return if I held to duration. This was childish thinking and I recognize that now. I should have known when I bought it that even if I held to duration I would get about 1-2% per year. Nothing more. People need to understand that. I agree that it needs to be understood. We got the double boost of yield plus appreciation due to falling rates for so long that it turned into a trap of unreasonable expectations. At least this past year has been good at educating people. Expect the starting yield as the approximate rate of return for the amount invested at that yield over the effective maturit...

At the time, T bills were paying nothing and I somehow hoped that if I bought a bond fund when rates were close to zero, miraculously I would make a good return if I held to duration. This was childish thinking and I recognize that now. I should have known when I bought it that even if I held to duration I would get about 1-2% per year. Nothing more. People need to understand that. I agree that it needs to be understood. We got the double boost of yield plus appreciation due to falling rates for so long that it turned into a trap of unreasonable expectations. At least this past year has been good at educating people. Expect the starting yield as the approximate rate of return for the amount invested at that yield over the effective maturit...

abuss368 wrote: ↑Sat Mar 04, 2023 9:30 am “Greenland” on Hulu. On of the best action thrillers I have watch in a while.

https://en.wikipedia.org/wiki/Greenland_(film)

Best.
Tony

I watched this movie after seeing your post. Thank you, good movie, I enjoyed it.

Rewatched RRR with my wife last night since she hadn't seen it. Still as amazing as the first time. The movie is simply an experience unlike anything else. Nice to see it getting some attention at the awards shows (not that those really mean anything but it brings wider audiences). I hadn't heard of it till I saw your recommendation. Mrs and I watched it tonight, hands down one of the most enjoyable movies we've watched in a long time. Just watched this, on Netflix right now. Fantastic, 10/10. Everything a Marvel movie wishes it was. Excellent pacing, bonkers over the top action that is still completely legible, a bromance for the ages, flowers of the British empire destroyed in a dance-off, intrigue and myth. Most fun I've had at a movie ...

ltgcc wrote: ↑Tue Mar 07, 2023 6:20 pm thanks to all. my biggest concern when working problems like this is I always seem to miss something obvious. And end up 'mistaken'. Long and proven history of it.

cola option it is.

Good call!

This is the longest lasting most comfortable chair I've ever owned. https://www.amazon.com/WorkPro-Quantum-Ergonomic-Mid-Back-Chair/dp/B00JRE37Z0/ref=sr_1_2?crid=15B74EZQST0ZW&keywords=workpro+9000+chair&qid=1678256616&s=home-garden&sprefix=workpro+9000+chair%2Cgarden%2C98&sr=1-2&ufe=app_do%3Aamzn1.fos.18630bbb-fcbb-42f8-9767-857e17e03685 I primarily used this exact chair until I bought a Herman Miller. Very good chair at a good price. I bought my Herman Miller Aeron from Craig List at $300. KlangFool The WorkPro Quantum 9000 is basically the same chair as the Herman Miller Aeron but half the price and has been around for a long time, is serviceable, with great customer service available from the manufacture (Raynor...

Seems some of the newer card's I've gotten, were too tuff for scissors and locked up the shredder.

Broken scissors, broken shredder, geeze what is it with these newer cards? No way I'm breaking my $1000 KitchenAid Convection microwave!

This is the longest lasting most comfortable chair I've ever owned.

https://www.amazon.com/WorkPro-Quantum- ... 7e17e03685

dogagility wrote: ↑Mon Mar 06, 2023 3:24 pm OP, it appears that you and your wife don't need the windfall money to meet your retirement goals. I wouldn't let this windfall be the downfall of your marriage by pushing your wife to do something against her will. Let it go... poor financial decision that is may be.

(My BH advice would be to invest this money all in the stock market since you don't need it. Then give the money to charity as it appreciates in value.)

1st charity should be children/grandchildren.

3funder wrote: ↑Mon Mar 06, 2023 2:13 pmFidelity.

X100

My daughter was given an opportunity to buy a rental property from her fiancé parents in another state and they seem to be considering it. The deal would be structured as a sale: Purchase price: $150,000 Home valued at $265,000 Down Payment: $30,000 Gift of equity: $115,000 Would they have to claim the gift of equity? Rental income would be $1,100, the tenant would be the fiance grandfather. The agreement is that the grandfather would live in the home until he passes or is no longer able to care for themselves. He is in his early 80’s. They also can’t raise the rent on him as long as he is living there, which means $1,100 won’t be adjusted yearly. Since the rental is being rented at below market rate (rentals in the area for the same size ...

rasputin wrote: ↑Thu Mar 02, 2023 1:24 pm I have stock options and Restricted Stock Units provided via my employer. I've been there for just over four years and for nearly all of that four years it was 30% year over year growth.

It's never wrong to pull profits!

I'm of the opinion that that one should only pay for college for their children if they have a passion to study and excel in a certain field. Myself? I couldn't imagine putting that burden on my parents when I was 18 years old, and my passion was hanging out with friends playing every game and sport known to man (and the after parties). So, I did meaningless jobs up until I got married and had a child at the age of 24, then it hit me (I need to plan for the future). Turned out I had a knack for electronics (and liked that sort of thing), so I took some low-cost courses. I took a job repairing office equipment and ended up service manager after a couple months (weird I know). Turned out I also had a knack for leading and training people and ...

The OP has not posted since August 2022, just saying.

Cocaine Bear in theaters. A rollicking good time, gory and darkly humorous. Everyone in the theater was LOL. It won’t win any academy awards, but does feature Ray Liotta in his last film before his passing. My son, who sees a lot of movies and has similar taste to mine, said that he and his housemate both thought this may have been the worst movie they have ever seen in the theaters. I have heard it's a movie you either really like or really dislike. We were going to go see it this week, but now I think I'll wait for it to come on cable/streaming. We just went to see Cocaine Bear yesterday, I enjoyed it, theater was laughing throughout the movie, and I did like the 80's theme and music. Also, the movie is loosely based on a true story abou...

Anybody that likes coffee, try mixing 1/2 Dunkin donuts original medium roast with 1/2 Gevalia House blend. I use 2.5 tbsp each per 20-22 oz water.

You're in for a treat!

The best vacuum is no vacuum! I went all hardwood and LVP, simple as that!

If you need a vacuum, you're doing it wrong!

A treadmill doesn't exercise in the same way that walking naturally does. Weather permitting, I'll walk a little over an hour each day - 4.33 miles. I walk at a fast pace which helps with endurance - it's more of a race walk. If I have to stay indoors, I'll use my elliptical trainer. That's in addition to playing pickleball 2 hours every day. I play with intensity and it does indeed stress different muscles. I agree to an extent. Most of the time I'm at a 7+% incline and do 4+ miles on the treadmill. Even then Pickleball creates more soreness in the calves, knees and hamstrings. I love outdoor hiking, but not in the cold weather. In warmer weather I use a local park that has several miles of some serious hills, I still feel more sore from ...

One more twist to this question. With the original 2023 $8k earned income and a $870 (regular) IRA deduction, I have now contributed $7k to my 2023 Roth IRA. Can I also contribute to a (deductible) HSA (health savings account) and deduct that amount from my 2023 (total) income or does the Roth IRA contribution preclude that. Please enlighten me yet again. And thank you for the help. It's an interesting question. If you contribute to an HSA through work, that would reduce your W2 box 1 income and thus your IRA limit, but if you make your own contributions outside of work, that is a deduction on Schedule 1, which does not reduce your income for IRA purposes. I had the same situation in 2021, when I got my bonus after retiring mid 2020. My pr...

I've noticed that I've started to play so much pickleball that I've reduced the number of walks that I take. My own observation is that I get more of a workout in my 2-3 hour pickleball sessions compared to my one to 1.5 hour (3-4 mile) walks. How about you-as you play more pickleball are your reducing other forms of exercise? Yes definitely, I used to treadmill allot at the gym, now playing Pickleball 4 days a week has pretty much eliminated the treadmill. I do still stretch and do machines. When I started playing pickleball at an intense level, I was surprised how sore my legs got since I regularly Hike and treadmill. The fast movements just use different muscles. Stretch and recovery is a must. Pickleball is way more fun than the treadm...

mrkteducation wrote: ↑Sat Feb 25, 2023 3:25 pm I have saved some cash and am wondering what’s the best path going forward for my particular situation. Here are my options:

1) get a $1M+ business loan and become partner with my dental practice. The terms of such loan is not determined yet (since I didn’t apply), but generally I would like to be a partner at where I work.

This is totally up to you!

2) invest in a short term syndication deal which promises 8% returns and 1.8x equity in exit after 18 months.

Does not sound like a "savings"!

3) invest in single family rental properties.

I found this to be very frustrating.

4) buy a home (we are renting now).

Spend here and buy the home that you will stay in, the longer the better!

EFT's take 2 to 5 business days.

My opinion is that if you used this thread to make a "Judgement" call for your in-laws' financial assets, you acted too hastily. There is allot of missing information in this thread, like their ages, income needs, other income, original cost of the annuities and their other assets. What caught my eye was the annuity with the income rider. In most cases it more effective to annuitize these as opposed to cashing out (by a long shot), you stated that this one is non-qualified which means the taxes on that income would be really low. I believe that OP said that these were his annuities, not his in-laws. On the annuities with an income rider, I disagree with your statement that “in most cases it is more effective to annuitize these as...

bsteiner - yes, I think I now (somewhat) understand the pros and cons involved - giving up of stepped up basis, addition of some fees, deferred taxes on growth, income tax rates rather than capital gains rates. I already made the judgment call based on the advice given on this thread. I moved from the earlier high fee annuities into the FPRA. My plan based on BH advice is to slowly whittle down these annuities over the next decade by cautious withdrawals so as to not trigger higher income tax rates. Cheers! My opinion is that if you used this thread to make a "Judgement" call for your in-laws' financial assets, you acted too hastily. There is allot of missing information in this thread, like their ages, income needs, other income...

retire2022 wrote: ↑Fri Feb 24, 2023 4:48 pm

albireo13 wrote: ↑Fri Feb 24, 2023 4:18 pm The 1% ….

They could put a pile of bricks, or a chimpanzee, in charge of my portfolio and I'd still lose 1%.

I am barely into 7 figures so 1% is roughly 10k.

op

check out this fee calculator: https://dqydj.com/fund-fee-calculator/

It would be nice to see that calculator include withdrawals.

Re-read my post " I didn't rebalance into Stocks to keep the portfolio 50/50, however if I had " portfolio value = 809.5k Also, I stated "not adjusted to inflation" for withdrawals (for both SSA and Buckets) So we agreer. If you use a bucket scheme you have 314k. If you don't use a bucket scheme and rebalance you will be up around 400k..... If you magically switch between using buckets and not depending on how you are feeling, you will have whatever you want... No, we don't agree, Fritz says you have to rebalance regardless of your strategy to maintain your asset allocation, he looks at this quarterly. To maintain 50/50 AA one would rebalance and with a total bucket portfollio of $816k you would have $408k in stocks. Ju...

Correct, I didn't rebalance into Stocks to keep the portfolio 50/50, however if I had the Bucket strategy would end up at $408k in Stocks. Your still splitting hairs! How are you getting 408k? PV is saying 500k of VTSMX turned into 314k..... Markets dropped roughly 10%,10%,20% so 408k seems absurdly high. The numbers I am getting from PV: 500k of stocks in VTMSX -> 314.6k at the end of 2002 500k split 76/24 VBMFX/CASHx where you take out 40k real = 494.9k portfolio value = 809.5k Now if you think holding 405k of stock versus 314k is important or not is up to you. One person is holding 50/50. The other is holding 38/62. To me that is getting sort of getting to the point where I care. Re-read my post " I didn't rebalance into Stocks to ...

Simple logic. We run out of money during a downturn. Spending cash instead of equities during a downturn is *necessarily* helpful. As I said, the gain of cash bucketing is lost during the upturn not the downturn. What gain during market drops? Lets see how a bucket scheme did in 2000-2. We will compare holding 3 years of cash to just holding a fixed AA. 1 million dollars and you start 500k stocks/ the rest in fixed income a) you hold a 50/50 AA and take 40k/year out of the portfolio. You end with 807k b) You hold 120k in cash (don't have to sell any equities when they are down right?), 500k stock, 380k bonds. you end with 780k Buckets cost you 27k during the market drop. You might make it back during the rally but that will depend on your ...

Simple logic. We run out of money during a downturn. Spending cash instead of equities during a downturn is *necessarily* helpful. As I said, the gain of cash bucketing is lost during the upturn not the downturn. What gain during market drops? Lets see how a bucket scheme did in 2000-2. We will compare holding 3 years of cash to just holding a fixed AA. 1 million dollars and you start 500k stocks/ the rest in fixed income a) you hold a 50/50 AA and take 40k/year out of the portfolio. You end with 807k b) You hold 120k in cash (don't have to sell any equities when they are down right?), 500k stock, 380k bonds. you end with 780k Buckets cost you 27k during the market drop. You might make it back during the rally but that will depend on your ...

I did a quick back test (2000-2002) using PV with one using $500k in Stocks no withdrawals and the other $500k using VBMFX/CASHX 76%/24% and withdrawing $40k annually (buckets). On the other, I did 50/50 VTSMX/VBMFX withdrawing $40k per annually from stocks/bonds. (SSA) Not inflation adjusted for both and the results were; Buckets = $816,229 SAA = $813,993 Your result seems in-line with what I would expect. Using buckets would be helpful during a downturn; where it loses the edge is during an upturn. Since I still had my PV sessions open, I changed the years to 2016-2018 (we can agree these were up years). results. Buckets = $1,0550,113 SSA = $1,051,827 So, you are correct! either way it appears we are splitting hairs even though the resul...

Can you tease that out more? What do you mean by overall? I would think never running out of money in retirement is a pretty good "overall" criteria of financial success (at least if you don't have to cut lifestyle significantly). Simple logic. We run out of money during a downturn. Spending cash instead of equities during a downturn is *necessarily* helpful. As I said, the gain of cash bucketing is lost during the upturn not the downturn. What gain during market drops? Lets see how a bucket scheme did in 2000-2. We will compare holding 3 years of cash to just holding a fixed AA. 1 million dollars and you start 500k stocks/ the rest in fixed income a) you hold a 50/50 AA and take 40k/year out of the portfolio. You end with 807k b...

Rajsx wrote: ↑Thu Feb 23, 2023 8:49 am A question,

I am 66, soon to be 67, so about say 6 yrs before my RMDs start at 73, how do MYGAs work during RMD time period.
Although I think there will still be BNDs left after Roth + MYGAs in my IRA, but what happens if there is no more BNDs left in the IRA account. So I guess just have to surrender the MYGA & take the RMD distribution

Other way is to buy in DW’s IRA as she is younger to me.

Typically MYGA's are RMD friendly, some are not. Just make sure you select one that is.

Here's a Stan the Annuity man video that covers this, you can skip to 7 minuets 42 seconds into the video.
https://www.youtube.com/watch?v=A5xWHmeL9gc

This is what matters. https://i.imgur.com/nkyVdow.png Around 2009, BlackBerry had over 50% market share of the US smartphone market. Not as high as Docusign but pretty darn dominant. I remember my daughter had a keyboard model her company had issued her, and she told me how great it was. My son got one a few years later, and it was their bungled touchscreen model, and he told me how bad it was. Market dominance can be lost quickly. Where it matters is that they become a takeover target for larger companies which I point out in my post which you left out of your reply. I'd guess a breakout in DocuSign stock would happen when it's announced that they get bought out by a larger company just to get their corporate customers. https://www.bogleh...

Thankyou Stinky for your input, I have read your many informative posts & you spoke about MYGAs at our Tampa Retiree Bogleheads Group . I think Blue Print Income is also a Broker like Fidelity, would one get similar rates at Fidelity (vs Blue Print) for similar annuities of same time period ? Being a DIY Investor, at times managing multiple investing companies becomes a drag. As we speak I am looking into consolidating our Vanguard, Fidelity & Schwab Accounts into only 2 Brokers, 1 for Tax Deferred & 1 for Taxable. I will probably not need to withdraw the annuity monies, paying penalties Let me give you a brief about our investments & Then ask you if I should buy a MYGA (3 to 5yr) in a Taxable vs Tax Deferred account, yes a...

It would be nice to see an Digital Signature market ETF, IDK, maybe there is one? It looks like there are some pretty big growth projections.

https://www.marketsandmarkets.com/Marke ... t%20years.