Search found 4948 matches

by BolderBoy
Thu Sep 17, 2020 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: New York Life - Invest as Favor for Friend
Replies: 40
Views: 1985

Re: New York Life - Invest as Favor for Friend

Don't "invest" with an insurance company. Would you buy insurance from an investment company? All insurance companies are also investment companies. What do you think they do with the premiums? Then the OP should by all means buy investment products from his insurance salesman buddy. I'm sure he'll...
by BolderBoy
Thu Sep 17, 2020 3:42 pm
Forum: Personal Investments
Topic: Received Inheritance After Retirement
Replies: 10
Views: 1553

Re: Received Inheritance After Retirement

I'm throwing this out there while I still have a few months to decide how to proceed and hoping for some sound advice! There is a lot to consider and you've not provided enough info to consider it all. Two things you should think about: 1) taking SS at age 70 2) maximizing all the Roth conversions ...
by BolderBoy
Thu Sep 17, 2020 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: New York Life - Invest as Favor for Friend
Replies: 40
Views: 1985

Re: New York Life - Invest as Favor for Friend

Don't "invest" with an insurance company. Would you buy insurance from an investment company?
by BolderBoy
Wed Sep 16, 2020 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing for retirement in mid 30s
Replies: 311
Views: 19696

Re: Preparing for retirement in mid 30s

Dottie57 wrote: Wed Sep 16, 2020 7:35 pm
drk wrote: Wed Sep 16, 2020 7:14 pm
BolderBoy wrote: Wed Sep 16, 2020 6:43 pm At what inflation rate? I'm still surprised it works and would be biting my nails if I tried it.
It's using CPI to project the inflation rate, which honestly means that it's probably overestimating.
MMM started a second career.
Who or what is "MMM"?
by BolderBoy
Wed Sep 16, 2020 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing for retirement in mid 30s
Replies: 311
Views: 19696

Re: Preparing for retirement in mid 30s

drk wrote: Wed Sep 16, 2020 7:14 pm
BolderBoy wrote: Wed Sep 16, 2020 6:43 pm At what inflation rate? I'm still surprised it works and would be biting my nails if I tried it.
It's using CPI to project the inflation rate, which honestly means that it's probably overestimating.
Okay. The average annual inflation rate from 1900 - 2015 comes out to about 3.22%.
by BolderBoy
Wed Sep 16, 2020 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing for retirement in mid 30s
Replies: 311
Views: 19696

Re: Preparing for retirement in mid 30s

I just ran the numbers in Firecalc. $1,500,000 portfolio, 90/10 AA for 65 year retirement and here is what I got (much to my surprise I might add). People feel free to double-check. A spending level of $51,965 provided a success rate of 100.0% (85 total cycles, of which 0 failed). This spending lev...
by BolderBoy
Wed Sep 16, 2020 6:35 pm
Forum: Personal Consumer Issues
Topic: Furnace / Air Maintenance and Covid-19?
Replies: 15
Views: 927

Re: Furnace / Air Maintenance and Covid-19?

I have mine checked/cleaned every 2-3 years. The tech was here yesterday. I'm consistent in changing my filters every 3 months (the tech said that is the single most important thing for the resident to do.) 18 year old furnace, never had any trouble. He wore a mask, I wore a mask and I didn't feel a...
by BolderBoy
Wed Sep 16, 2020 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing for retirement in mid 30s
Replies: 311
Views: 19696

Re: Preparing for retirement in mid 30s

Do you see any big problems with our plan? We do not have wealthy family to fall back on, so we cannot fail. FIRECalc says we have 0% chance of failure even if we live to age 100. Sorry but I find it very hard to believe that firecalc reported a 0% chance of failure through age 100. Did you use wil...
by BolderBoy
Wed Sep 16, 2020 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: ethics concern with trust
Replies: 68
Views: 4190

Re: ethics concern with trust

Are you talking about a trust with $100s of millions in it? Or even $10s of millions?
by BolderBoy
Wed Sep 16, 2020 3:54 pm
Forum: Personal Investments
Topic: Taxable investment account
Replies: 7
Views: 604

Re: Taxable investment account

StarGazer81 wrote: Wed Sep 16, 2020 1:54 pmHow would you all chunk this money?
Well I would lump sum it. But you aren't living in my skin.

Do it however you feel you can live with doing so.
by BolderBoy
Wed Sep 16, 2020 11:24 am
Forum: Personal Consumer Issues
Topic: Tiffany Quality
Replies: 35
Views: 2633

Re: Tiffany Quality

acegolfer wrote: Wed Sep 16, 2020 10:09 amIf I were a newly wed, I'd like to get a top quality ($150+) 8" chef knife that will last generations.
+1.

Buying a high quality chef's knife is one of the best kitchen items ever.
by BolderBoy
Wed Sep 16, 2020 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford $550K house?
Replies: 17
Views: 1931

Re: Can we afford $550K house?

My only concern if there is one would be if my business went south. It's trending up (significantly), but you just never know in this crazy world. Worst case scenario if my business went to zero (hard to fathom, but I like to assume the worst) I'd just get a job in my field (wife could too), but th...
by BolderBoy
Mon Sep 14, 2020 8:59 pm
Forum: Personal Investments
Topic: Can I retire in 4 years?
Replies: 17
Views: 3952

Re: Can I retire in 4 years?

- Is it realistic to consider retiring at 60.5, given the above? FireCALC shows a 99.1% success rate using a 35 year plan with my current retirement savings, and pension / SS projections, and mortgage payoff. Yes. - does VMLUX remain a good choice for emergency fund? I would use the VWIUX (intermed...
by BolderBoy
Mon Sep 14, 2020 8:51 pm
Forum: Personal Investments
Topic: 401k caveat
Replies: 18
Views: 1498

Re: 401k caveat

Jack FFR1846 wrote: Mon Sep 14, 2020 3:30 pmPersonally, I would put zero into company stock in a 401k.
+1.

If it is a publicly traded company buy it via a mutual fund like Vanguard's VTSAX (total stock market index fund).
by BolderBoy
Mon Sep 14, 2020 8:44 pm
Forum: Personal Investments
Topic: Where to start - advising my DS #2
Replies: 28
Views: 1920

Re: Where to start - advising my DS #2

So I'm thinking the best choice for him would be to create a Roth IRA, and max it out at $6k and call it good for this year. Thoughts? I agree if you can get him to do it. $6k out of $8k gross is a lot to ask of a 20 y/o. If he does it, he should put it all in Vanguard's VTSAX mutual fund and not l...
by BolderBoy
Mon Sep 14, 2020 8:33 pm
Forum: Personal Investments
Topic: Financial Review / Baby Prep
Replies: 16
Views: 1394

Re: Financial Review / Baby Prep

Looks like you are pretty well set. My only other comment would be that if I were you I'd have at least some fixed-income, so at your ages I'd be shooting for 80/20 as an AA. Allows for strategic rebalancing when opportunities arise. For example, in March I rebalanced from VBTLX -> VTSAX and in Apri...
by BolderBoy
Mon Sep 14, 2020 8:09 pm
Forum: Personal Investments
Topic: starting out intelligently.
Replies: 19
Views: 1790

Re: starting out intelligently.

cause with the math, yes schwab or fidelity would work better in terms of index funds, yet vanguard has more invested and more options for index funds at higher market value - could that mean my return will be significantly less investing in a schwab or fidelity index vs a vanguard? Ummmmm, forget ...
by BolderBoy
Mon Sep 14, 2020 8:01 pm
Forum: Personal Investments
Topic: Help with Personal Investments
Replies: 4
Views: 619

Re: Help with Personal Investments

Timbus wrote: Mon Sep 14, 2020 7:05 amTax Filing Status: Single. I have my own business (LLC) as of 3 years ago...
If I were you (and your LLC doesn't have employees besides yourself), I'd open a solo401k at Fidelity and transfer in all your "former 401k" accounts.

That is where I would start.
by BolderBoy
Mon Sep 14, 2020 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: How do you change beneficiaries on a Vanguard Solo-401K
Replies: 4
Views: 220

Re: How do you change beneficiaries on a Vanguard Solo-401K

RoadRat wrote: Mon Sep 14, 2020 12:21 pmThanks...is the form on the Vanguard website?
Should be on the VG solo401k website.
by BolderBoy
Mon Sep 14, 2020 4:40 pm
Forum: Personal Consumer Issues
Topic: [Question regarding password security]
Replies: 101
Views: 3199

Re: Security question on one's passwords

steve321 wrote: Mon Sep 14, 2020 5:16 amDo you think it's ok to use KeePass...
Take a look at KeepassXC. I switched to it after years of using Keepass and have no plans to go back. Cross platform and doesn't require the .NET framework on a Windows machine.
by BolderBoy
Sun Sep 13, 2020 2:46 pm
Forum: Personal Consumer Issues
Topic: [Question regarding password security]
Replies: 101
Views: 3199

Re: Security question on one's passwords

What I do HATE is any site that requires the use an E-mail address for the user-id. Hear! Hear! Fortunately more-and-more sites are allowing anything as a username so I use KeepassXC to generate two, unique, very complex "passwords" of different lengths. One I use as the username and the other as t...
by BolderBoy
Sun Sep 13, 2020 2:24 pm
Forum: Personal Consumer Issues
Topic: [Question regarding password security]
Replies: 101
Views: 3199

Re: Security question on one's passwords

Read this Microsoft article on why your password doesn't matter. https://techcommunity.microsoft.com/t5/azure-active-directory-identity/your-pa-word-doesn-t-matter/ba-p/731984 Interesting article. About a year old. They use SHA256 to create the password hashes? At least one, much more secure method...
by BolderBoy
Sat Sep 12, 2020 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Help identify my blind spots
Replies: 33
Views: 1726

Re: Help identify my blind spots

Shikoku wrote: Sat Sep 12, 2020 2:56 pmCan I retire at 67 or early?
Maybe. What are your total annual expenses now and what do you project your expenses to be in retirement?
by BolderBoy
Sat Sep 12, 2020 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Self Directed IRA Custodians
Replies: 10
Views: 585

Re: Self Directed IRA Custodians

unclescrooge wrote: Sat Sep 12, 2020 9:20 amMitt Romney was head of Bain Capital. OP is not Mitt Romney.
How do you know?
by BolderBoy
Sat Sep 12, 2020 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Would you fire your financial advisor for this error?
Replies: 45
Views: 4693

Re: Would you fire your financial advisor for this error?

As my mother has been looking to downsize, she asked her financial advisor if she could make a cash offer on a condo she was interested in. The advisor said yes. Shortly thereafter, the advisor called back in a panic, because he had not looked at the tax lots in her account before replying yes. Thi...
by BolderBoy
Fri Sep 11, 2020 6:16 pm
Forum: Personal Investments
Topic: First time really getting into investing
Replies: 9
Views: 735

Re: First time really getting into investing

My goal is to achieve FIRE by 10 years time, if at all possible. It might be a very hard goal but I'm willing and able to learn and push myself as much as needed. This is very unrealistic given the info you've provided. Rather than disappoint yourself don't set a deadline-type of goal. Investing is...
by BolderBoy
Thu Sep 10, 2020 9:15 pm
Forum: Personal Investments
Topic: Tax loss harvest at vanguard
Replies: 6
Views: 615

Re: Tax loss harvest at vanguard

How do you avoid a wash sale if you have automatic monthly automatic investments into a taxable account? Won’t the most recent purchase always be disallowed? My plan was to switch my automatic investments to every other month but I don’t see that option on vanguard. What many folks do is keep a mon...
by BolderBoy
Thu Sep 10, 2020 9:06 pm
Forum: Personal Investments
Topic: starting out intelligently.
Replies: 19
Views: 1790

Re: starting out intelligently.

cause with the math, yes schwab or fidelity would work better in terms of index funds, yet vanguard has more invested and more options for index funds at higher market value - could that mean my return will be significantly less investing in a schwab or fidelity index vs a vanguard? Ummmmm, forget ...
by BolderBoy
Thu Sep 10, 2020 8:54 pm
Forum: Personal Investments
Topic: Where to invest fixed income?
Replies: 26
Views: 3238

Re: Where to invest fixed income?

You may be overthinking this.

Vanguard's VBTLX is showing YTD total return of 7% as of 8/31/2020.

Wouldn't that be good enough? It's where I have most of my bond exposure.
by BolderBoy
Thu Sep 10, 2020 8:45 pm
Forum: Personal Investments
Topic: Asset Allocation at age 61
Replies: 45
Views: 4002

Re: Asset Allocation at age 61

I'm inclined to go to 40 equities/40 bonds/20 cash 20% in cash is $400k. Don't do that. Plan on a 40/60 portfolio or even 30/70. If you want to keep some cash lying around, do 1-2%, live on that and replenish it by selling some of your portfolio from time-to-time. Do a forum search for "two fund po...
by BolderBoy
Sun Sep 06, 2020 8:22 pm
Forum: Personal Investments
Topic: Portfolio suggestions & critics
Replies: 6
Views: 416

Re: Portfolio suggestions & critics

Mario2222 wrote: Sun Sep 06, 2020 7:12 pm This is my Roth IRA portfolio.
VTSAX = 70%
VTIAX =20%
VBTLX =10%
90/10 AA at 40 years old is pretty aggressive. Is this all of your portfolio?
by BolderBoy
Sat Sep 05, 2020 8:27 pm
Forum: Personal Investments
Topic: Young Family - 7 Figure Inheritance
Replies: 15
Views: 2651

Re: Young Family - 7 Figure Inheritance

To be clear, unless you were written into the will, your wife inherited the money. Has she made it clear that she wants it to be treated as your joint property? For my personal education...isn’t it automatically joint since they are married? Enlighten me please. Many [most?] states have legal provi...
by BolderBoy
Fri Sep 04, 2020 4:52 pm
Forum: Personal Investments
Topic: Bond anxiety
Replies: 53
Views: 5024

Re: Bond anxiety

Why not just leave everything in stocks and let it ride. Do you now or will you ever need your all-equity invested portfolio to meet your ongoing expenses? If not and it is just for your heirs, then sure - remain 100% in equities. If, though, you will need this portfolio to live on in the future, c...
by BolderBoy
Fri Sep 04, 2020 4:43 pm
Forum: Personal Investments
Topic: Help with our investments
Replies: 3
Views: 333

Re: Help with our investments

I started thinking about the services and the costs. Our investments are our IRA’s, we do not have a large portfolio that requires a lot of buying and selling or tax planning. I do not think there is much there to “manage” so I am struggling with paying somebody to advise us to invest in what we ar...
by BolderBoy
Fri Sep 04, 2020 3:02 pm
Forum: Personal Investments
Topic: Double checking: Double Roth contributions possible, right?
Replies: 20
Views: 1454

Re: Double checking: Double Roth contributions possible, right?

livesoft wrote: Fri Sep 04, 2020 11:07 amAnyways, compensation can be used twice: Once for Roth 401(k) and once for Roth IRA, right?
Yes. And the rIRA part can be backdoor if income limitations eventually come into play.
by BolderBoy
Fri Sep 04, 2020 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Daughter almost ready to launch into professional life
Replies: 45
Views: 4185

Re: Daughter almost ready to launch into professional life

delamer wrote: Fri Sep 04, 2020 1:04 pmFind out what retirement savings option are available at her new employer and take full advantage of them.
+1.
by BolderBoy
Wed Sep 02, 2020 8:08 pm
Forum: Personal Investments
Topic: Portfolio review: Currently feeling foolish for being a Boglehead. Help!
Replies: 53
Views: 4810

Re: Portfolio review: Currently feeling foolish for being a Boglehead. Help!

Living in a tech hub, all my friends are investing in tech stocks like Apple, Zoom, Peloton, Salesforce etc. I am the odd one out investing in the 3 fund portfolio. They have gotten significantly better returns compared to my 3 fund portfolio, and I am beginning to feel a little foolish. It feels l...
by BolderBoy
Wed Sep 02, 2020 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: College financial advice for undecided rising high school senior
Replies: 71
Views: 3735

Re: College financial advice for undecided rising high school senior

What is "ED"? Doctor of Education? If it is, it certainly doesn't sound anything like what she's interested in. ED = Early Decision, my best guess - seems to fit. A question I have for the OP, if medicine is shunned, what is DD's ultimate plan with a CS/Econ undergrad education? I'm very inclined t...
by BolderBoy
Tue Sep 01, 2020 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: HELP with any advice for dealing with Paypal.
Replies: 25
Views: 1461

Re: HELP with any advice for dealing with Paypal.

Sort of sounds like theft by deception. Have you considered talking with the robbery division of the police and see what they suggest? Costs you nothing.

IANAL.
by BolderBoy
Tue Sep 01, 2020 10:45 am
Forum: Investing - Theory, News & General
Topic: [Vanguard Prime Money Market changes, gets new name. Treasury Money Market reopened]
Replies: 176
Views: 17587

Re: [Vanguard Prime Money Market changes, gets new name. Treasury Money Market reopened]

Kevin M wrote: Sun Aug 30, 2020 3:50 pmThe six per month limit is correct--that is due to a federal regulation that applies to all savings accounts, so not unique to your CU.
This federal regulation was repealed in July I think. Now any limits are left up to the entities themselves.
by BolderBoy
Tue Sep 01, 2020 10:32 am
Forum: Investing - Theory, News & General
Topic: 401k vesting? How does this work?
Replies: 7
Views: 547

Re: 401k vesting? How does this work?

The dollars that the company keeps can be used two ways that I know of- the company can withdraw them or they can keep them in the plan to use for future matches or to cover plan expenses. Either way, the company is saving money. Some companies allow you to recapture that match if you become re-emp...
by BolderBoy
Tue Sep 01, 2020 10:09 am
Forum: Personal Investments
Topic: transfer funds
Replies: 4
Views: 293

Re: transfer funds

Hello, I am in the process of transferring funds from my current wealth mgmt inst to Vanguard. However most of my funds cannot be transferred into Vanguard. So I have been told to liquidate in my current institute, pay any capital gains tax and then transfer money market to money market. Is this no...
by BolderBoy
Sun Aug 30, 2020 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Lump Sum Advice
Replies: 20
Views: 924

Re: Pension Lump Sum Advice

At your age I'd take the lump sum, roll it into a tIRA, then move it into a 401k if I could.

I had a similar offer from a previous employer when I was 45. Did the above and have never looked back.
by BolderBoy
Sun Aug 30, 2020 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Life change after laid off?
Replies: 30
Views: 3532

Re: Life change after laid off?

"tell us what kind of accounts hold the $6mil, break it down for us - retirement accounts (tIRA, rIRA, 401k, etc), non-retirement accounts? And where are your financial assets being held?" It's all in normal USD. About $5 million is in index ETFs in normal brokerage accounts. "Did you get a severan...
by BolderBoy
Sat Aug 29, 2020 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: Life change after laid off?
Replies: 30
Views: 3532

Re: Life change after laid off?

Looks like you have a lot of financial security. But your ego is crushed. That'll take some time to heal so be sure to take the time. Did you get a severance package? Can you describe it for us? In the meantime and in addition to the questions that others have asked, tell us what kind of accounts ho...
by BolderBoy
Sat Aug 29, 2020 1:21 pm
Forum: Personal Consumer Issues
Topic: Garage shelves?
Replies: 29
Views: 2451

Re: Garage shelves?

I was happy with the Rubbermaid Fast Track stuff - you install a top bar, then hang standards along the studs, adjustable shelves. The garage version is grey, and you can get 16" shelves. Then put things in storage bins and just stack it up. I've got them in both my garage and a separate shed.... G...
by BolderBoy
Sat Aug 29, 2020 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Should I quit high paying job?
Replies: 76
Views: 8522

Re: Should I quit high paying job?

but I'd first be sure that a reasonable HR department would see it as you do. Bad advice, IMHO. Don't be fooled - HR is there to protect the company, not the employee. They will most likely back up the manager, regardless of how things really are. I agree. Nothing good will come of escalating this ...
by BolderBoy
Sat Aug 29, 2020 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Should I quit high paying job?
Replies: 76
Views: 8522

Re: Should I quit high paying job?

anon_investor wrote: Fri Aug 28, 2020 10:50 pmAdvice: don't quit, look for a job while banking checks, leave as soon as you find another job.
+1. Don't lose out on any bonus you may get this year.

Once you are gone, the boss will find someone else to bully.
by BolderBoy
Fri Aug 28, 2020 4:55 pm
Forum: Personal Investments
Topic: Checking in with 2 and 3 fund portfolio people
Replies: 23
Views: 2558

Re: Checking in with 2 and 3 fund portfolio people

Cody wrote: Fri Aug 28, 2020 9:22 amWhat's on your mind 2 and 3 funders?
I did a little rebalancing today VTSAX -> VBTLX.