Search found 60 matches

by chassis
Tue Oct 20, 2020 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Best online savings bank
Replies: 26
Views: 3885

Re: Best online savings bank

@Hoops I just opened a "direct online" account with First National Bank of Omaha, FNBO. I did it because of their interest rate. The opening process was average. Transactions have taken several days to clear/settle. I am used to transactions settling nearly instantly with Schwab and Fidelity investm...
by chassis
Sun Oct 18, 2020 7:35 pm
Forum: Personal Investments
Topic: Can I retire at 50?
Replies: 14
Views: 4276

Re: Can I retire at 50?

@One Day Closer Thanks, $1.8 + $0.7 = $2.5m net worth today. Is that figure when mortgage debt is deducted from assets? If your net worth is $2.5m, and this accounts for debt, and you believe in the "4% rule", then your living expenses need to be below $100,000 per year, at least until your income i...
by chassis
Sat Oct 17, 2020 10:14 pm
Forum: Personal Investments
Topic: Can I retire at 50?
Replies: 14
Views: 4276

Re: Can I retire at 50?

Thanks for everyone's reply and I am new here & don't know how to reply to each person. My original plan was to to do it at age 55. That way I will be closer to 60 & the pension gets a little bigger. It is the grind of every day at work looking at the laziest co-workers makes me depress. Nothing wr...
by chassis
Sat Oct 17, 2020 10:11 pm
Forum: Investing - Theory, News & General
Topic: 401(k) Conversion Question
Replies: 9
Views: 709

Re: 401(k) Conversion Question

With your solid financial condition, as you have explained it, do you think it affects your financial outcome at the end of your current life expectancy? How many dollars of net worth would it gain you at the end of your life expectancy, to convert the 401k as you describe? Does that dollar amount m...
by chassis
Sat Oct 17, 2020 10:02 pm
Forum: Investing - Theory, News & General
Topic: Consolidated view of married couple's accounts at one broker
Replies: 7
Views: 897

Re: Consolidated view of married couple's accounts at one broker

Fidelity's tool for this is called "Full View". It works for me.
by chassis
Fri Oct 16, 2020 8:41 pm
Forum: Personal Investments
Topic: Can I retire at 50?
Replies: 14
Views: 4276

Re: Can I retire at 50?

Emergency Funds: 38,000 in Vanguard Prime Money Market fund Debt: Mortgage 380,000 with 2.875% rate, just refinanced. Tax Filing Status: Married file separately. Tax Rate: 24% Federal, 9.3% State (California) Age: 46, wife 43. Desired Asset Allocation: 70% stocks / 30% Bonds, no international holdi...
by chassis
Fri Oct 16, 2020 8:37 pm
Forum: Personal Investments
Topic: Best way to stream income from a lump sum pension
Replies: 8
Views: 811

Re: Best way to stream income from a lump sum pension

I am 50 years old. I am wondering what the best way to stream income from a $680K lump sum pension buyout? I will have about 70K cash in savings in a regular savings/checking account. I plan on working part time still. Any advice would be greatly appreciated. Is there an option in the pension offer...
by chassis
Fri Oct 16, 2020 8:32 pm
Forum: Personal Investments
Topic: Lump sum on pension or wait
Replies: 14
Views: 1169

Re: Lump sum on pension or wait

I have a small pension from a former employer. I received an offer of a lump sum of $107,000 or take the pension when I retire. I'm currently 62 & plan on retiring in 3 years. The annuity at 65 would be $550/month, if I die first my wife would continue with the $ 550/month amount. I'm trying to dec...
by chassis
Fri Oct 16, 2020 4:48 pm
Forum: Personal Investments
Topic: Where to put $50k in a non-retirement acct?
Replies: 5
Views: 729

Re: Where to put $50k in a non-retirement acct?

For a financially secure 70 year old it almost doesn’t matter where $50k goes.

What is the time horizon?

- Online direct savings account at 0.5% interest for example with FNBO
- VTSAX
- QQQ
- MSFT
- DTE

Too many alternatives. I don’t think it matters.
by chassis
Wed Oct 14, 2020 9:54 pm
Forum: Personal Investments
Topic: Managing Parents' Retirement After Dementia Diagnosis
Replies: 27
Views: 2607

Re: Managing Parents' Retirement After Dementia Diagnosis

Sorry to hear about your father's diagnosis. In my view, two people with modest spending can live comfortably on the resources you shared. One suggestion is to seek simplification. For example, sell one of the two homes, and sell the investment property. Your father's health will likely become where...
by chassis
Tue Oct 13, 2020 7:50 pm
Forum: Investing - Theory, News & General
Topic: Questions About Interpreting 3 Decades of FRED Employment Rates Data
Replies: 5
Views: 425

Re: Questions About Interpreting 3 Decades of FRED Employment Rates Data

Employment is falling because participation rate is falling.

Image

Participation rate is falling because the baby boom (born 1945-1965, today aged 55-75) are exiting the workforce.
by chassis
Tue Oct 13, 2020 7:36 pm
Forum: Personal Investments
Topic: Fired financial advisor! NEED HELP simplifying accounts
Replies: 16
Views: 2427

Re: Fired financial advisor! NEED HELP simplifying accounts

These are the things I have done so far: Fired the advisor Made a written financial plan (with much help from White Coat Investor website/online course) with specific financial goals Moved all accounts for myself and my spouse to Vanguard (with the plan to move all money to low cost index funds) Mo...
by chassis
Tue Oct 13, 2020 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Should I quit high paying job?
Replies: 144
Views: 17208

Re: Should I quit high paying job?

@yosemite_mountain How are things going? Have you identified an internal to your company transfer opportunity? Have you considered telling your boss, "I am not comfortable with the way you are speaking to me. It feels like ____ (insert feeling word of your choice)". Have you ever had relationship c...
by chassis
Tue Oct 13, 2020 7:25 pm
Forum: Personal Investments
Topic: Active Mutual Fund vs Index w/ Fidelity
Replies: 12
Views: 1040

Re: Active Mutual Fund vs Index w/ Fidelity

Thank you for the detailed post! The evidence seems to be consistent across the board! Just to play devils advocate for a second: In reading Bogleheads guide to investing, Jack Bogle stated that him and his cadre all have actively managed funds. However, there seems to be pretty staunch opposition ...
by chassis
Sat Oct 10, 2020 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Should I quit high paying job?
Replies: 144
Views: 17208

Re: Should I quit high paying job?

@yosemite_mountain How are things going? Have you identified an internal to your company transfer opportunity? Have you considered telling your boss, "I am not comfortable with the way you are speaking to me. It feels like ____ (insert feeling word of your choice)". Have you ever had relationship co...
by chassis
Thu Oct 08, 2020 10:07 pm
Forum: Investing - Theory, News & General
Topic: Impact of Fracking on Energy / O&G Fund Prices
Replies: 12
Views: 882

Re: Impact of Fracking on Energy / O&G Fund Prices

@kookaburra Do you see fracking restrictions coming? If there are restrictions, frackers will be impacted. Their business potential (revenue and profits) will be limited or restricted by regulation. If one believes there is currently oversupply, then price of fracked product will not move much, or w...
by chassis
Mon Oct 05, 2020 8:31 pm
Forum: Personal Investments
Topic: How to Handle Large Pay Increase - No 401k Options
Replies: 5
Views: 647

Re: How to Handle Large Pay Increase - No 401k Options

Congratulations!

As others have said:

1. Max the IRA contributions
2. Open a taxable brokerage account (TD, Fidelity, Schwab, etc.) and pile in the cash. I like the homebuilding-related sector right now.
by chassis
Sun Sep 27, 2020 7:54 am
Forum: Personal Investments
Topic: Guidance for breaking the news to our financial advisor
Replies: 60
Views: 5184

Re: Guidance for breaking the news to our financial advisor

Octavia: Leaving our friend and advisor at Merrill Lynch in 1986 was one of the hardest things we ever did. It was also one of the best things we ever did. Best wishes. Taylor Jack Bogle's Words of Wisdom: "Index funds endure, while most advisers and funds do not." Thank you. There was no easy, pai...
by chassis
Sat Sep 26, 2020 10:37 pm
Forum: Personal Investments
Topic: Fired financial advisor! NEED HELP simplifying accounts
Replies: 16
Views: 2427

Re: Fired financial advisor! NEED HELP simplifying accounts

I have recently fired my financial advisor and moved money for 2 Roth accounts (myself and spouse) and a joint brokerage account to Vanguard. I need advice on selling funds in both Roth and taxable accounts in order to get down to a 3 or 5 fund portfolio. Both accounts have over 12 different funds ...
by chassis
Fri Sep 25, 2020 10:10 pm
Forum: Investing - Theory, News & General
Topic: Why are charts telling me different things?
Replies: 5
Views: 656

Re: Why are charts telling me different things?

Hello, I was recently looking into the past performance of mutual fund GuideStone Funds Growth Allocation Fund Investor Class (MUTF: GCOZX). When you take a look in Google Finance in the max range, it shows that the price was $13.38 USD on Aug 31, 2001 and is now $12.14 on Sept 24, 2020. However, I...
by chassis
Thu Sep 24, 2020 8:07 pm
Forum: Investing - Theory, News & General
Topic: CARES withdrawal
Replies: 9
Views: 816

Re: CARES withdrawal

Bringing this back up in hopes someone has more clarity. I was laid off due to Covid, I'm sure I can pull 100k from my 401k per the institutions web site. goal is to pay off some bills and put the rest in a tax friendly taxable account. What are the drawbacks? Ramifications are in my view not neces...
by chassis
Sun Sep 20, 2020 8:56 pm
Forum: Investing - Theory, News & General
Topic: The Fed, Snowflake, and Stocks
Replies: 53
Views: 5877

Re: The Fed, Snowflake, and Stocks

Let it ride! My opinion is that the governments of the world and their central banks will always provide more liquidity and increase the money supply in the face of economic slowdowns or possible depressions. That leads me to believe that inflation is coming. So buy some real assets (such as real e...
by chassis
Sun Sep 20, 2020 8:50 pm
Forum: Personal Investments
Topic: Financial Check Request
Replies: 4
Views: 591

Re: Financial Check Request

Emergency funds: In cash about 12 months of living expenses. Also have a bond that matures in 2026 that I view as my backup e-fund. Am currently saving up for house maintenance such as new HVAC (20 years old. Tech estimates replacement to be 5k), and roof (estimated 12-15k last year). Debt: Mortgag...
by chassis
Sun Sep 20, 2020 8:39 pm
Forum: Personal Investments
Topic: Best Vehicle for Home Savings
Replies: 30
Views: 2157

Re: Best Vehicle for Home Savings

If you were 5-10 years out from putting 20% down on a house, what is the best place to save money to fight inflation while protecting the savings from market swings? @bwn You mentioned inflation a couple of times, and protecting the money from market swings. Is this correct? If I said you have low ...
by chassis
Fri Sep 18, 2020 4:26 pm
Forum: Personal Investments
Topic: Is retirement in 2 years possible?
Replies: 43
Views: 5776

Re: Is retirement in 2 years possible?

@singlewhip2030

On paper your logic looks OK.

Healthcare for two people aged 50 and a 12 yr old child are less than $20k/yr.

I can't see any holes in the logic, other than to ask yourself if you can manage a lifestyle at the expense level you wrote (slightly north of $100k/yr).
by chassis
Fri Sep 18, 2020 4:22 pm
Forum: Personal Investments
Topic: Portfolio Critique - mid 60s
Replies: 8
Views: 993

Re: Portfolio Critique - mid 60s

@firefangle I suggest including all financial assets in your portfolio details. If I understand you correctly, that you did not include cash, this lowers the percentage of other asset classes. Number of investment positions is in the mid-teens, this seems manageable. It doesn't seem unmanageable. I ...
by chassis
Wed Sep 16, 2020 1:57 pm
Forum: Personal Investments
Topic: Throwing In The Towel on Portfolio Management
Replies: 61
Views: 7986

Re: Throwing In The Towel on Portfolio Management

@investor.saver1 Thanks for posting this, simplicity is a good thing. Some questions, if you care to share. 1. What is your age? 2. Are you retired, meaning do you receive an income for your time as an employee? 3. How many hours per day, week or month were you spending managing your portfolio when...
by chassis
Tue Sep 15, 2020 7:55 pm
Forum: Personal Investments
Topic: Throwing In The Towel on Portfolio Management
Replies: 61
Views: 7986

Re: Throwing In The Towel on Portfolio Management

I've come to a fork in the road with respect to managing my investment portfolio. DW isn't interested at all in managing the portfolio and I'm tiring of it. Even the 3-fund portfolio is too much work. I can get someone to manage it for me (for a cost) or I can establish a passive portfolio that tak...
by chassis
Mon Sep 14, 2020 9:48 pm
Forum: Personal Investments
Topic: Deciding between QQQ & VGT?
Replies: 23
Views: 2001

Re: Deciding between QQQ & VGT?

I have QQQ and am pretty satisfied.

I also have FTEC and FDGRX. FDGRX is my best investment for the past 25 years. It is still available in some plans, although as a general statement it is closed to new investors.
by chassis
Fri Sep 11, 2020 8:45 pm
Forum: Personal Investments
Topic: portfolio, plan and early retirement
Replies: 14
Views: 3024

Re: portfolio, plan and early retirement

@SSM1 Thanks for posting your progress. IMO international and bond investments are not good for you. They are good for investment advisors. If you are using a withdrawal rate of approx 4%, which is implied from your posts above, then I believe it is possible for you to grow your portfolio while with...
by chassis
Fri Sep 11, 2020 10:04 am
Forum: Personal Investments
Topic: Four-fund plans with a growth tilt
Replies: 8
Views: 449

Re: Four-fund plans with a growth tilt

I have a four-fund plan to divide a quarter million dollars in IRA. Any comments? I am looking at a 10-years. VTI - 30% VXUS - 20% VUG - 30% BND - 20% @ramven Plug the portfolio into portfolio visualizer. Growth investments are so-named for a reason. What many commentators exclude from the discussi...
by chassis
Tue Sep 08, 2020 3:19 pm
Forum: Personal Investments
Topic: Portfolio review - FIRE 2020?
Replies: 57
Views: 4521

Re: Portfolio review - FIRE 2020?

Re: question 1. Yes. Are you happy with a $75k/yr lifestyle? Do you think your all-in living expenses will increase if you get bored in early retirement? You have the opportunity to invest more agressively and build net worth while at the same time being retired early. I realize it breaks all rules ...
by chassis
Tue Sep 08, 2020 3:13 pm
Forum: Personal Investments
Topic: Best way to build an emergency fund?
Replies: 95
Views: 6499

Re: Best way to build an emergency fund?

It seems you are looking for support to decide to stop funding 401k and nieces/nephews account, right? You are pursuing PSLF, this means you have student loan debt, correct? To build an emergency fund, put money into the fund. If you are "maxed out" with other savings such as 401k or nieces/nephews...
by chassis
Tue Sep 08, 2020 1:57 pm
Forum: Personal Investments
Topic: Best way to build an emergency fund?
Replies: 95
Views: 6499

Re: Best way to build an emergency fund?

It seems you are looking for support to decide to stop funding 401k and nieces/nephews account, right? You are pursuing PSLF, this means you have student loan debt, correct? To build an emergency fund, put money into the fund. If you are "maxed out" with other savings such as 401k or nieces/nephews ...
by chassis
Mon Sep 07, 2020 2:13 pm
Forum: Personal Investments
Topic: Portfolio help with inherited IRA
Replies: 4
Views: 244

Re: Portfolio help with inherited IRA

Happy labor day everyone! I write this today hoping that you and your families are well, happy and safe. Over the last three months I have been digging deep into my financial situation and have found the community of Bogleheads’ to be extremely helpful as well as JL Collins’ book and the many books...
by chassis
Thu Aug 27, 2020 10:54 pm
Forum: Personal Investments
Topic: How to compare performance of Vanguard vs Edward Jones accounts?
Replies: 35
Views: 2738

Re: How to compare performance of Vanguard vs Edward Jones accounts?

A little over 3 years ago I stopped contributing to IRA accounts at Edward Jones. I left the existing funds in those accounts. I opened IRA accounts with Vanguard and have been contributing to these instead over the past 3+ years. At the time I had convinced myself that this was the better move. Bu...
by chassis
Thu Aug 27, 2020 8:08 am
Forum: Personal Finance (Not Investing)
Topic: How to find furnished apt. for short-term rental
Replies: 11
Views: 689

Re: How to find furnished apt. for short-term rental

VRBO.com
Airbnb
Craigslist.org
Zillow.com
by chassis
Wed Aug 26, 2020 9:25 am
Forum: Personal Investments
Topic: Help with portfolio: It's complicated right now
Replies: 15
Views: 1700

Re: Help with portfolio: It's complicated right now

Roll everything into one provider. I use Fidelity and recommend them. They offer both cash management and taxable brokerage accounts. Hi Chassis. I think we will eventually consolidate at Fidelity, but not until the inheritance funds are all received. Reduce total positions (investments) to less th...
by chassis
Wed Aug 26, 2020 9:16 am
Forum: Personal Investments
Topic: Looking for a True Fiduciary
Replies: 16
Views: 1244

Re: Looking for a True Fiduciary

Currently own some low credit quality bonds and might consider taking on market risk and credit exposure. Monthly income is essential. Any recommendations for strategic income funds? I don’t have the wherewithal to confidently make decisions in these very different times. I realize this blog is for...
by chassis
Wed Aug 26, 2020 9:07 am
Forum: Personal Investments
Topic: Consolidation of 401k plans
Replies: 14
Views: 946

Re: Consolidation of 401k plans

I'm new to Investing, and am trying to learn the best way to reinvest my current retirement savings to best maximize my returns with the time I have left until retirement (about 22 years out). I have accumulated a few different 401k and Roth IRA accounts with different employers over the course of ...
by chassis
Wed Aug 26, 2020 9:02 am
Forum: Personal Investments
Topic: As a 30 year old with extremely high risk tolerance should I even be holding bonds any more or should I go 100% stock?
Replies: 166
Views: 11893

Re: As a 30 year old with extremely high risk tolerance should I even be holding bonds any more or should I go 100% stoc

I recently put my non-stock money into FUAMX. I heard it was a good bond fund. But now I have been reading that some people say bonds are horrible investments these days because of the unique economic situation the world is now in. Is this true? Is FUAMX a good bond fund or not? Is it even worth ho...
by chassis
Wed Aug 26, 2020 8:22 am
Forum: Personal Investments
Topic: Real estate continues to soar (great for landlords)
Replies: 71
Views: 5970

Re: Real estate continues to soar (great for landlords)

NorCal and NYC 5 boroughs are not indicative of the greater trend. These two markets are cartoons, and make good headlines. Overall in the US, housing is tight, meaning demand is strong relative to the available supply that consumers seek. This is also true in Europe, Germany as an example. Do a wid...
by chassis
Mon Aug 24, 2020 3:05 pm
Forum: Personal Investments
Topic: What to do/read/follow if retiring in 8-10 years?
Replies: 20
Views: 2002

Re: What to do/read/follow if retiring in 8-10 years?

Hi I follow the 3 fund portfolio, with good NW and no EF, no debt and kids 529 paid off. Thinking forward, I plan to retire in 8 to 10 years. So do I keep going forward with my 3 fund portfolio with yearly re-balance with gradual increase in bond allocation until I retire OR do I have to do anythin...
by chassis
Mon Aug 24, 2020 8:29 am
Forum: Personal Investments
Topic: Rebalancing- sell and buy on the same market up day?
Replies: 7
Views: 620

Re: Rebalancing- sell and buy on the same market up day?

What is your time horizon? The longer your horizon, the less it matters whether you buy this hour, this day or this week.

Mutual funds update prices once per day, so the shortest time window for practical purposes is one day.
by chassis
Sun Aug 23, 2020 10:00 pm
Forum: Personal Investments
Topic: FDGRX - Growth Fund vs. SP500
Replies: 51
Views: 3774

Re: FDGRX - Growth Fund vs. SP500

I have held FDGRX for 30 years. It is my best fund and I am concentrated in it. I have increased my position in FDGRX in 2020, when and where it was possible, in several employer plans. It is closed to new investors as previously mentioned, which prevents me from further increasing my concentration,...
by chassis
Sat Aug 22, 2020 8:18 pm
Forum: Investing - Theory, News & General
Topic: Think no one can beat the index?
Replies: 158
Views: 15401

Re: Think no one can beat the index?

@000 Thanks for the reply. You answered a question with a question. Do you have input on the question regarding fundamental and macroeconomic analysis? Consider starting a new thread about "fundamental and macroeconomic analysis" and explain how you define those terms. @000 do you want to offer any...
by chassis
Sat Aug 22, 2020 4:06 pm
Forum: Investing - Theory, News & General
Topic: Think no one can beat the index?
Replies: 158
Views: 15401

Re: Think no one can beat the index?

@meowcat Thanks for the reply. Can you please provide more substance to the reply?

@000 Thanks for the reply. You answered a question with a question. Do you have input on the question regarding fundamental and macroeconomic analysis?
by chassis
Sat Aug 22, 2020 2:42 pm
Forum: Personal Investments
Topic: Riding the Tech Bubble
Replies: 20
Views: 2459

Re: Riding the Tech Bubble

tennisplyr wrote: Sat Aug 22, 2020 6:47 am Two guarantees: 1) the market will go up, 2) the market will go down

@tennisplyr I suggest an addition.

Three guarantees: 1) the market will go up, 2) the market will go down, 3) the market will go up

https://www.investopedia.com/all-stocks ... rm-5070505
by chassis
Fri Aug 21, 2020 8:54 pm
Forum: Personal Investments
Topic: Selling Short Term better than long term?
Replies: 3
Views: 401

Re: Selling Short Term better than long term?

Capital gains tax rate is lower than ordinary income tax rates. It seems like a no brainer to me that you should sell whatever portion of your long term position you need, rather than selling a portion of the short term holding that would generate the same amount of after tax cash.
by chassis
Fri Aug 21, 2020 8:48 pm
Forum: Personal Investments
Topic: Defered Comp 457
Replies: 3
Views: 432

Re: Defered Comp 457

Hi, I am a newbie to this forum and have retired when I was 60, now I am 66. I have accumulated some money in my employer 457 plan and have received about 50% of it via quarterly distribution. My money is 90/10 Stable Value/2020 Target Fund. Is it a wise choice or should I move more to the 2020 Tar...