Search found 87 matches

by lionroar22
Sat Aug 29, 2020 3:22 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1845
Views: 235938

Re: Post your Financial Milestone Announcements Here

Wife and I (31/30) just passed 500k net worth this week. It feels like we could be further ahead when measured against other techies that post here, but we are single income in HCOL, and come from very lower-middle-class households. We are by default richer than anyone in either of our families, an...
by lionroar22
Sat Aug 29, 2020 2:56 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1845
Views: 235938

Re: Post your Financial Milestone Announcements Here

I told my wife earlier this year that she was a millionaire, and she broke out into tears. When we met 7yrs ago, she was a 26yr old single mom with no education, making $11/hr, and with a negative net worth. That's VERY NICE to hear. This shows no matter where you are in life (age, situation, incom...
by lionroar22
Sat Aug 29, 2020 11:02 am
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1845
Views: 235938

Re: Post your Financial Milestone Announcements Here

We paid off our mortgage on Tuesday. 8-) Is there anything else I might be missing? Go to your county website, make sure UCC-3 loan termination has been posted, along with removal of any liens, the county is a public webiste all across the country. Thanks much. Is there a certain section of the web...
by lionroar22
Fri Aug 28, 2020 5:56 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1845
Views: 235938

Re: Post your Financial Milestone Announcements Here

^^^ I received the notification (from my county) with the mortgage company letter. As to what you're missing - I think you might want to sample that bourbon again to be sure that it did taste smoother. Thanks much for the notification info. Regarding the bourbon, I took your advice. :beer The count...
by lionroar22
Thu Aug 27, 2020 5:11 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1845
Views: 235938

Re: Paid Off Mortgage

We paid off our mortgage on Tuesday. 8-) I wanted to thank everyone for all the replies from other "Paying Off Mortgage" posts. The information/advice was VERY helpful in making the decision. I'm not sure how it should feel, although the bourbon I had that evening did taste a bit smoother....
by lionroar22
Wed Aug 12, 2020 6:37 pm
Forum: Personal Consumer Issues
Topic: Retiring this Friday. Now what?
Replies: 99
Views: 9284

Re: Retiring this Friday. Now what?

My last day is August 14th, as I retire at age 59 1/2. No regrets on the decision - financially OK (including health insurance until 65), and excited (for several reasons) to leave my current employer after nearly 2 decades. Have thought about all the advice to retire "to" something, but ...
by lionroar22
Wed Aug 12, 2020 4:36 pm
Forum: Personal Investments
Topic: New to investing, need advice please!
Replies: 8
Views: 568

Re: New to investing, need advice please!

You likely will get better responses if you post your information using this suggested format as a guideline, but you do not need to follow it exactly. https://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212 If your user name is based on your real name you may want to change that to something...
by lionroar22
Wed Aug 12, 2020 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Large pay cut for better quality of life
Replies: 82
Views: 7627

Re: Large pay cut for better quality of life

Current job is very stressful and taking a toll on my health. Other job would be a fantastic experience that would likely set me up for much more higher paying work in a couple of years if I was interested in making another switch. The other job is a rare opportunity that does not come up very ofte...
by lionroar22
Wed Aug 12, 2020 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: For those that have taken a break from work... [Military to civilian career change]
Replies: 17
Views: 1455

Re: For those that have taken a break from work... [Military to civilian career change]

In April of 2022 I will be retiring from the USAF as an E9 w/ 22 years of service. Funny coincidence, April 2022 I'll be retired 20 years after 22 years of service. Time flies by quickly, and your boys will be men off to their own lives before you know it, so take advantage of this opportunity whil...
by lionroar22
Wed Aug 12, 2020 10:38 am
Forum: Personal Investments
Topic: 3 fund portfolio - Bond indexes bad in this environment?
Replies: 30
Views: 2365

Re: 3 fund portfolio - Bond indexes bad in this environment?

We hold Vanguard Intermediate-term Bond Index Fund (VBILX) in my rollover IRA (tax-deferred). In general it is not suitable for a taxable account, in general bond funds are not very tax-efficient. In a taxable account instead consider a tax-exempt bond fund, like Vanguard Intermediate-Term Tax-Exem...
by lionroar22
Tue Aug 11, 2020 5:22 pm
Forum: Personal Investments
Topic: 3 fund portfolio - Bond indexes bad in this environment?
Replies: 30
Views: 2365

Re: 3 fund portfolio - Bond indexes bad in this environment?

We wanted more corporate bonds, with a little higher expected return. Vanguard Intermediate-term Bond Index Fund (VBILX) is about 1/2 government bonds, and 1/2 corporate bonds. Jack Bogle had criticised the U.S. Aggregate Bond Index for being so heavy in government bonds. "When we look at how ...
by lionroar22
Tue Aug 11, 2020 1:55 pm
Forum: Personal Investments
Topic: 3 fund portfolio - Bond indexes bad in this environment?
Replies: 30
Views: 2365

Re: 3 fund portfolio - Bond indexes bad in this environment?

Are other people adjusting the bond portions of their portfolios to account for increased bond risk? If so, what are you doing? I’m trying to determine if this risk should be proactively actionable on my part, or just noise and “stay the course?” We only adjust when our AA dictates, or in your case...
by lionroar22
Mon Aug 10, 2020 3:36 pm
Forum: Personal Investments
Topic: Stock/Bond Ratio
Replies: 7
Views: 765

Re: Stock/Bond Ratio

There are different schools of thought.

https://www.bogleheads.org/wiki/Fixed_income

You could go 47/40/13, or you could go 47/53 (Equity/Fixed). It really comes down to your preference.

I lump Bonds/Cash/CDs as "Fixed" to keep things simple.
by lionroar22
Sun Aug 09, 2020 1:50 pm
Forum: Personal Investments
Topic: Bonds or Payoff Mortgage (in my case).
Replies: 7
Views: 903

Re: Bonds or Payoff Mortgage (in my case).

[quote=fortfun post_id=5421825 time=1596941758 user_id=108797 Current mortgage: 9yrs remainging, 100k, 3%. FYI: My pension will cover all living expenses. Paying off mortgage would free up $1,200/month during early retirement. Thoughts? [/quote] I made a similar post recently, and based upon the fee...
by lionroar22
Sun Aug 09, 2020 1:11 pm
Forum: Personal Investments
Topic: TSP: G and F fund
Replies: 30
Views: 3697

Re: TSP: G and F fund

Roths are your most valuable tax-advantaged space. You would be well-served to fill it only with equities, which have the highest expected return, since you will pay no tax on the gains. +1 So, I try to follow the three fund philosophy in both my TSP (CSI and a bit of G) and brokerage account (VBTL...
by lionroar22
Thu Aug 06, 2020 2:40 pm
Forum: Personal Investments
Topic: Any reason to go Roth over traditional even if staying in 22% tax bracket?
Replies: 52
Views: 2048

Re: Any reason to go Roth over traditional even if staying in 22% tax bracket?

If we get into retirement and we're doing fantastic with more money than we imagined, we'll be in a higher tax bracket and easily have the ability to pay the taxes that were deferred. Sure, we'll probably come out behind where would have had in this case had we done Roth, but so what? We'll forget ...
by lionroar22
Thu Aug 06, 2020 2:23 pm
Forum: Personal Investments
Topic: Any reason to go Roth over traditional even if staying in 22% tax bracket?
Replies: 52
Views: 2048

Re: Any reason to go Roth over traditional even if staying in 22% tax bracket?

I am in a similar situation as you. After my 401k and my Roth IRA and wife's traditional IRA contributions, we're in the 22% tax bracket. I am as well. We contribute as described above, except my wife does the 401K/Roth and I do the Traditional. For her the Roth was an easy choice since she couldn'...
by lionroar22
Tue Aug 04, 2020 5:01 pm
Forum: Personal Investments
Topic: Portfolio Review Please
Replies: 9
Views: 866

Re: Portfolio Review Please

Yes. That is exactly what I mean. :happy Got it, thanks. :happy Please note that this approach may be different from what many people will suggest. Not everyone agrees with my opinion that you can put too much into tax-deferred accounts. Noted. 8-) I've read the different approaches in other posts ...
by lionroar22
Tue Aug 04, 2020 1:50 pm
Forum: Personal Investments
Topic: Portfolio Review Please
Replies: 9
Views: 866

Re: Portfolio Review Please

I think you should consider putting all of your future savings into Roth. If not forever, at least until tax rates go back up in 2026. By "all", is it safe to assume you mean for her TSP, AND both of our IRAs? FYI, her IRA choice of a Roth has been the easy part as she is not eligible to ...
by lionroar22
Tue Aug 04, 2020 10:18 am
Forum: Personal Investments
Topic: Portfolio Review Please
Replies: 9
Views: 866

Re: Portfolio Review Please

02x years from retiring with a military pension, we've wrestled some of these questions. Yes, 2 pensions (while of course a great "problem" to have) do warrant these questions. Also, thanks much for your service! 3. I recommend paying off the mortgage with current cash on hand. Thanks, th...
by lionroar22
Mon Aug 03, 2020 6:50 pm
Forum: Personal Investments
Topic: Portfolio Review Please
Replies: 9
Views: 866

Re: Portfolio Review Please

As to the question about whether to contribute to Traditional or Roth, it's a bit of guesswork. In your tax bracket I'd probably lean toward a traditional 401k and a Roth IRA. I was thinking the same. Perhaps her sticking to the traditional 401k and both of us going Roth IRAs will provide a nice ba...
by lionroar22
Mon Aug 03, 2020 3:35 pm
Forum: Personal Investments
Topic: Portfolio Review Please
Replies: 9
Views: 866

Portfolio Review Please

Years ago, thanks to MANY Bogleheads graciously taking the time to educate me (Taylor, Mel, others at the old MStar site), we were able to break away from our FSB, establish an IPS, and set-up our Vanguard/TSP portfolios. Thanks to MANY on this forum graciously taking the time, (Still Taylor, Mel, l...
by lionroar22
Sun Aug 02, 2020 4:43 pm
Forum: Personal Investments
Topic: Soon to be maxing TSP, what to store in taxable?
Replies: 25
Views: 1514

Re: Soon to be maxing TSP, what to store in taxable?

retiredjg wrote: Sun Aug 02, 2020 4:34 pm
Blue456 wrote: Sun Aug 02, 2020 4:29 pm 40% equity and 30% G fun inside of TSP and 30% equity inside taxable (VT vanguard total world)
Winner!
+1

FYI, my TSP is 100% G fund and my Taxable is Stock. My spouse uses C/S/G in her TSP in proportion to our desired AA. Have you also funded an IRA?
by lionroar22
Sun Aug 02, 2020 1:31 pm
Forum: Personal Investments
Topic: Roth IRA Idea: Burst my bubble
Replies: 35
Views: 4235

Re: Roth IRA Idea: Burst my bubble

New Jersey may be the odd state in this respect, but you must research your own state's laws to be absolutely sure. I just happen to be familiar with NJ laws because I live here ... probably retire here and die here (extended family lives here). I concur with your "odd state" comment. I'm...
by lionroar22
Sat Jul 25, 2020 3:30 pm
Forum: Personal Investments
Topic: Young investor- index funds, Roth IRA advice?
Replies: 9
Views: 542

Re: Young investor- index funds, Roth IRA advice?

Welcome to the forum! I know that most people tend to say that Roth IRA's are the way to go and to open one at a young age, but if my goal is to retire early, then I would be facing the 10% fees if pulling out my profits at an early retirement age. For normal life expectancy, there will be many year...
by lionroar22
Sat Jul 25, 2020 12:20 pm
Forum: Personal Investments
Topic: 29 Year-Olds First IRA
Replies: 16
Views: 1042

Re: 29 Year-Olds First IRA

Yep, she would get her tax liability back up to $1K, but for $17K income her tax liability would have been less, maybe around $500, in which case she would get all of that back. (This is the bizarre thing about the Saver Credit, in many, probably most cases you cannot get the full amount because it...
by lionroar22
Mon Jul 20, 2020 11:54 pm
Forum: Personal Finance (Not Investing)
Topic: Presidential Bank 2.25% Advantage Checking
Replies: 4
Views: 782

Re: Presidential Bank 2.25% Advantage Checking

TheDDC wrote: Mon Jul 20, 2020 11:45 pm It would appear that The Bank of Denver offers a Kasasa 3% checking account (up to $25k). That would seem to be a better deal.

-TheDDC
Thanks much for the info. I will for sure check that out. :happy
by lionroar22
Mon Jul 20, 2020 11:28 pm
Forum: Personal Finance (Not Investing)
Topic: Presidential Bank 2.25% Advantage Checking
Replies: 4
Views: 782

Re: Presidential Bank 2.25% Advantage Checking

LadyGeek wrote: Mon Jul 20, 2020 3:31 pm This thread is now in the Personal Finance (Not Investing) forum (bank).
Sorry bout that. :oops:
by lionroar22
Mon Jul 20, 2020 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Presidential Bank 2.25% Advantage Checking
Replies: 4
Views: 782

Presidential Bank 2.25% Advantage Checking

Presidential recently added this checking account. It replaces another checking account they previously offered. Here's a link from DepositAccounts that discusses it: https://www.depositaccounts.com/banks/presidential-bank-md/offers/ For those who already have a checking account there, you can excha...
by lionroar22
Tue Jul 14, 2020 2:05 pm
Forum: Personal Investments
Topic: Paying off Mortgage
Replies: 19
Views: 1932

Re: Paying off Mortgage

I'm in a similar situation (15 yr, 2.625%, $58K left; the only difference being I have 7 yrs left). I asked this same question back in May, and the folks here (some who have replied to your post) provided great feedback that helped me make a decision. Here's the link should you want to check it out:...
by lionroar22
Sun Jul 12, 2020 12:26 pm
Forum: Personal Investments
Topic: 29 Year-Olds First IRA
Replies: 16
Views: 1042

Re: 29 Year-Olds First IRA

What a great gift! Cheers to you, she is very lucky to have you. Thanks so much for the kind words! She's a good child (for the most part, lol), so we're lucky to have her too. We're also fortunate to be in a position to give such a gift. We have MANY Bogleheads to thank for that. :D Cheers back at...
by lionroar22
Sun Jul 12, 2020 12:09 pm
Forum: Personal Investments
Topic: 29 Year-Olds First IRA
Replies: 16
Views: 1042

Re: 29 Year-Olds First IRA

Yep, she would get her tax liability back up to $1K, but for $17K income her tax liability would have been less, maybe around $500, in which case she would get all of that back. (This is the bizarre thing about the Saver Credit, in many, probably most cases you cannot get the full amount because it...
by lionroar22
Sun Jul 12, 2020 11:58 am
Forum: Personal Investments
Topic: 29 Year-Olds First IRA
Replies: 16
Views: 1042

Re: 29 Year-Olds First IRA

either's fine for now, she can always change it later if it's more or less aggressive than she wants as she gets older. For now the 2055 or 2060 are both going to be 90/10 stock/bond for at least 10 more years before the 2055 starts downshifting from stocks to bonds before the 2060 does. as an indi...
by lionroar22
Sat Jul 11, 2020 7:30 pm
Forum: Personal Investments
Topic: 29 Year-Olds First IRA
Replies: 16
Views: 1042

Re: 29 Year-Olds First IRA

It's better than that! It's a tax credit, so it's deducted from her tax liability (if she had one). A $1K tax credit is worth a lot more than a $1K tax deduction. It is not refundable, though, so it cannot make her tax liability negative. (To be clear: liability here just means the calculated incom...
by lionroar22
Sat Jul 11, 2020 6:53 pm
Forum: Personal Investments
Topic: 29 Year-Olds First IRA
Replies: 16
Views: 1042

Re: 29 Year-Olds First IRA

What would you recommend for a Target fund for a 29 year-old? I would think the 2055 or 2060 would be "most" appropriate? As for her learning, I hope so. She's expressed interest now, so time will tell if that interest grows or subsides. :sharebeer You can look on Vanguard's site at those...
by lionroar22
Sat Jul 11, 2020 6:21 pm
Forum: Personal Investments
Topic: 29 Year-Olds First IRA
Replies: 16
Views: 1042

Re: 29 Year-Olds First IRA

first off, the target date wouldn't be 80/20, it would be 90/10 until she's in her 40s (provided she's picking a target date 2055 or later fund) and then and only then go to 80/20 in her 40s (and continue reducing risk from there). for simplicity (auto rebalancing and reducing risk over time) I'd s...
by lionroar22
Sat Jul 11, 2020 6:15 pm
Forum: Personal Investments
Topic: 29 Year-Olds First IRA
Replies: 16
Views: 1042

Re: 29 Year-Olds First IRA

Good plan. Yes the Roth IRA is probably the right way to go. I would go with a target retirement date fund for the international diversification and "ease of use." But Total Stock is also fine. I believe she should also qualify for a Saver's Credit: https://www.irs.gov/retirement-plans/pl...
by lionroar22
Sat Jul 11, 2020 5:37 pm
Forum: Personal Investments
Topic: 29 Year-Olds First IRA
Replies: 16
Views: 1042

29 Year-Olds First IRA

For her 29th birthday today, we are giving our daughter the gift of a Vanguard IRA (that is, $6K to open a VG account and fund it, lol). If we can get this done before Wednesday, it will be for Tax Year 2019. We plan to do this for her 30th as well to give her a financial kickstart so to speak. As s...
by lionroar22
Tue Jul 07, 2020 4:37 pm
Forum: Personal Investments
Topic: Roth Advice, Military Related
Replies: 22
Views: 943

Re: Roth Advice, Military Related

What I was hoping would happen is someone would say "Look dummy, you have a military pension and 2 VG Roths. Just put some savings into a XYZ account and forget it". When it comes to finances, I just want to be a set it and forget it guy. i hope that doesn't offend anyone here, lol. (A li...
by lionroar22
Tue Jul 07, 2020 3:18 pm
Forum: Personal Investments
Topic: Roth Advice, Military Related
Replies: 22
Views: 943

Re: Roth Advice, Military Related

An automatic 1% of base pay started in 1/1/2018, so if nothing else you should look into that with your Finance folks. Only if he opted into BRS, which I hope he didn't with 4 years until retirement. In fact, I think only service members with less than 12 years got the option to do so. Thanks; not ...
by lionroar22
Tue Jul 07, 2020 2:06 pm
Forum: Personal Investments
Topic: Roth Advice, Military Related
Replies: 22
Views: 943

Re: Roth Advice, Military Related

Hi, I am a retired military member. Thanks for your service! You can use TSP in addition to your VG Roth. It is essentially a 401K for federal employees. The 2020 contribution level is $19500 (if you are 50+ you can add another $6500). The best thing is they match the first 5% of your contributions ...
by lionroar22
Tue Jul 07, 2020 1:22 pm
Forum: Personal Investments
Topic: Ally CD maturing
Replies: 30
Views: 2174

Re: Ally CD maturing

I have 2 maturing this month as well. Based on only those 2 options, I would leave it in the savings for now as anon stated. What I've decided to do is pay off the mortgage since the CDs will cover it, and then the remainder I'll leave in the savings. Have you thought about using the funds to pay do...
by lionroar22
Sun Jul 05, 2020 8:11 pm
Forum: Personal Investments
Topic: Critique my attempt at a 3-fund lazy portfolio
Replies: 35
Views: 1848

Re: Critique my attempt at a 3-fund lazy portfolio

I always do two-factor authentication as well. And text message alerts on all my accounts. :happy But I'm a little concerned how easy it is for a company to do a bank draft on your account with just the acct number and routing number. Vanguard at least deposits some small amount in your account tha...
by lionroar22
Sun Jul 05, 2020 7:08 pm
Forum: Personal Investments
Topic: Critique my attempt at a 3-fund lazy portfolio
Replies: 35
Views: 1848

Re: Critique my attempt at a 3-fund lazy portfolio

It appears to me that you'd need a bond (or bond fund) that can yield 2.625 or more after taxes. If you can find one that isn't risky, then buy the bond (or bond fund). Since the mortgage payoff route is a guaranteed return that you're not likely to match in the current bond environment, I'd sugges...
by lionroar22
Sun Jul 05, 2020 7:02 pm
Forum: Personal Investments
Topic: Critique my attempt at a 3-fund lazy portfolio
Replies: 35
Views: 1848

Re: Critique my attempt at a 3-fund lazy portfolio

I know I'm being paranoid and believe me, It permeates everything I do online from using virtual credit card numbers to never sending physical checks and so on. I don't think you can be too careful in this day and age, within reason. As Outer Marker stated, you can use two-factor authentication, wh...
by lionroar22
Sun Jul 05, 2020 6:46 pm
Forum: Personal Investments
Topic: Critique my attempt at a 3-fund lazy portfolio
Replies: 35
Views: 1848

Re: Critique my attempt at a 3-fund lazy portfolio

Retired@50, Thanks much for your reply. I had previously read that link, but was curious about if your take would change if the mort rate went lower. I can see that as the gap gets smaller, other factors play a part in the decision. 8-) Personally, I'd pay off the mortgage until investing in the bo...
by lionroar22
Sun Jul 05, 2020 3:44 pm
Forum: Personal Investments
Topic: Critique my attempt at a 3-fund lazy portfolio
Replies: 35
Views: 1848

Re: Critique my attempt at a 3-fund lazy portfolio

Retired@50,

Thanks much for your reply. I had previously read that link, but was curious about if your take would change if the mort rate went lower. I can see that as the gap gets smaller, other factors play a part in the decision. 8-)
by lionroar22
Sun Jul 05, 2020 3:06 pm
Forum: Personal Investments
Topic: Critique my attempt at a 3-fund lazy portfolio
Replies: 35
Views: 1848

Re: Critique my attempt at a 3-fund lazy portfolio

So, one factor to consider is your own comfort level. Paying off the mortgage (4%) is clearly a better return than buying a bond at 1% or 2%. However, you can't sell off $10k of your house to cover an emergency like you could with a bond fund. Thus, this creates liquidity concern. If I were in your...
by lionroar22
Sat Jul 04, 2020 3:18 pm
Forum: Personal Investments
Topic: Am I crazy to do this? [Equity Allocation 50/50 TSM/NASDAQ]
Replies: 150
Views: 10326

Re: Am I crazy to do this?

LOL!! We had heard the same story before: "This time will be different!". You are probably too young to know this. Every generation needs to have its own bust. KlangFool P.S.: If you believe what you posted, why buy the Nasdaq Index? Just buy Amazon and Google. LOL, well stated; couldn’t ...
by lionroar22
Fri Jun 26, 2020 10:55 am
Forum: Personal Investments
Topic: HSA in New Jersey
Replies: 26
Views: 1297

Re: HSA in New Jersey

For example, I contributed to 403(b)s in several states in 1997-2001. If I had filed a NJ tax return for any of those years, I would have reported the 403(b) contribution as NJ income, but the contribution was deducted from income in all the states where I worked. I later rolled the 403(b)s into a ...