Search found 2907 matches

by delamer
Sat Oct 21, 2017 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Buying a house in retirement - what funds to use?
Replies: 16
Views: 1029

Re: Buying a house in retirement - what funds to use?

Here's some food for thought: https://www.fidelity.com/viewpoints/retirement/tax-savvy-withdrawals It is possible to get a mortgage in retirement, including one based on your assets. But apparently the asset-based mortgages can be hard to find. Otherwise, you are limited to qualifying based on inco...
by delamer
Fri Oct 20, 2017 7:05 pm
Forum: Investing - Help with Personal Investments
Topic: To invest or not to invest
Replies: 6
Views: 526

Re: To invest or not to invest

Welcome to the forum! Get the full company match on your 401(k) first; that is free money. Beyond that, paying down the student loan is probably your best investment, because it is a risk-free return of 6.8%, which is a much better deal than you can get elsewhere; the low-risk funds in your 401(k) ...
by delamer
Fri Oct 20, 2017 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: [If I die before my spouse, how to direct Vanguard advisors?]
Replies: 38
Views: 2586

Re: [If I die before my spouse, how to direct Vanguard advisors?]

Some of the posters above are not giving their spouse enough credit. He/she may defer to your recommendations now, for any number of reasons, but I have yet to meet a widow or widower who did not care about their finances (except for those who had cognitive decline who should have someone else mana...
by delamer
Fri Oct 20, 2017 6:33 pm
Forum: Investing - Help with Personal Investments
Topic: Young FERS Special Provision- TSP and Extra Money Questions
Replies: 4
Views: 392

Re: Young FERS Special Provision- TSP and Extra Money Questions

Read this: https://www.fedsmith.com/2015/04/05/can-you-retire-before-age-59-5-without-incurring-tsp-penalties/ Yes, consider paying down your mortgage with part of the money going to your taxable account given the 4.25% interest rate. You'll pay 15% (plus any state taxes) on your earnings from the S...
by delamer
Fri Oct 20, 2017 6:13 pm
Forum: Investing - Help with Personal Investments
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 86
Views: 5030

Re: Does anyone here with net worths north of $1 mil use financial advisors?

The only difference to a FA . . and broker. . . and brokerage rep. . . between a small, medium, and substantial net worth is the amount of "drooling" and the size of the bib. I have at times been in a room full of helpful professionals and felt like the lobster, or was it the lobster picture on the...
by delamer
Fri Oct 20, 2017 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Lender Advice (I may just be venting here...)
Replies: 4
Views: 349

Re: Mortgage Lender Advice (I may just be venting here...)

It bugs me too when I have to go through a lot of hassle to get a better deal out of a seller (or mortgage broker, in this case) when obviously they were willing to do the better deal all along. My time might not be valuable to the seller, but it is to me. It just seems short-sighted; I won't recomm...
by delamer
Fri Oct 20, 2017 3:20 pm
Forum: Investing - Help with Personal Investments
Topic: Looming Retirement & Market Jitters
Replies: 43
Views: 3015

Re: Looming Retirement & Market Jitters

Are you retiring under MRA+10?
by delamer
Fri Oct 20, 2017 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house in retirement - what funds to use?
Replies: 16
Views: 1029

Re: Buying a house in retirement - what funds to use?

Here's some food for thought: https://www.fidelity.com/viewpoints/retirement/tax-savvy-withdrawals It is possible to get a mortgage in retirement, including one based on your assets. But apparently the asset-based mortgages can be hard to find. Otherwise, you are limited to qualifying based on incom...
by delamer
Fri Oct 20, 2017 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Turning 65, and choosing not to take Medicare Part B
Replies: 16
Views: 1063

Re: Turning 65, and choosing not to take Medicare Part B

I have fairly comprehensive health coverage in retirement; which I plan to keep. And I will not collect social security till 70 years of age. I am turning 65 in 3 months and am considering not signing up for Medicare Part B. Are their others here who have chosen to not sign up for Medicare Part B? ...
by delamer
Fri Oct 20, 2017 11:33 am
Forum: Personal Consumer Issues
Topic: Mercedes Benz E300 Navigation System
Replies: 33
Views: 1100

Re: Mercedes Benz E300 Navigation System

OP, have you gone through the settings on the in car GPS and verified the route selection/guidance is what you desire? Avoid freeways, shortest, fastest, use side streets, avoid traffic. Most are highly customize-able. It may never match Google Maps or Waze which I think have more users/data points...
by delamer
Fri Oct 20, 2017 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Inheritance and Retirement Savings
Replies: 19
Views: 2193

Re: Inheritance and Retirement Savings

No one knows what will happen with Roths in the future, in terms of taxation. And you can't let paranoia drive your decisions. Find a good CPA who will focus not just on this year's and 2018 taxes, but develop a long run plan. You also can try using the TaxCaster app to try different scenarios in yo...
by delamer
Fri Oct 20, 2017 10:50 am
Forum: Personal Consumer Issues
Topic: Mercedes Benz E300 Navigation System
Replies: 33
Views: 1100

Re: Mercedes Benz E300 Navigation System

We have not had any problems like you describe with our E350 navigation. When we are traveling we use some combination of the built-in nav, Apple maps, and Waze on our phones to navigate. There are occasional minor differences in recommended routes (and the phone apps show traffic issues, which is a...
by delamer
Thu Oct 19, 2017 7:05 pm
Forum: Investing - Help with Personal Investments
Topic: TSP to Vanguard?
Replies: 125
Views: 14607

Re: TSP to Vanguard?

Thanks for the feedback. Maybe I should adjust my thinking. I had envisioned G as my primary FI investment in retirement, but perhaps I should consider using F instead. retiredjg - it wasn't easy to find but I think (at least in 2016) TSP had ~500 billion in assets and ~44% of that total was in G f...
by delamer
Thu Oct 19, 2017 7:03 pm
Forum: Investing - Help with Personal Investments
Topic: Need help with Trust
Replies: 8
Views: 449

Re: Need help with Trust

One basic truth regarding the Ameriprise account -- you have to evaluate whether a return is reasonable relative to the level of risk being taken. So you would expect, especially given the rise in the stock markets over the last several years, that a portfolio which was 100% in stock mutual funds/ET...
by delamer
Thu Oct 19, 2017 11:36 am
Forum: Investing - Help with Personal Investments
Topic: TSP to Vanguard?
Replies: 125
Views: 14607

Re: TSP to Vanguard?

In reference to Oncorhynchus's comment above - the House has passed a budget resolution that contains the following language regarding savings that could be obtained by shrinking the return of the G fund... (via My Federal Retirement) The resolution "assumes savings by correctly aligning the rate o...
by delamer
Wed Oct 18, 2017 9:16 pm
Forum: Investing - Help with Personal Investments
Topic: Help me convince my parents to leave their advisor
Replies: 11
Views: 1263

Re: Help me convince my parents to leave their Edward Jones advisor

Have your parents asked for your advice or asked for your help in moving their assets? If not, I'd buy them one or two of the investment books recommended in the Boglehead wiki and tell them you've found the information valuable. Then see what they say. If they don't follow up, then drop it. And if ...
by delamer
Wed Oct 18, 2017 9:00 pm
Forum: Personal Consumer Issues
Topic: Europe vacation, family of 5
Replies: 15
Views: 1347

Re: Europe vacation, family of 5

Have you considered doing a cruise? The upside is that the logistics are much easier then traveling on your own, including the huge advantage of only having to unpack and repack once for the entire trip. (Although you'll probably spend at least one night prior to sailing in a hotel in the city where...
by delamer
Wed Oct 18, 2017 8:31 pm
Forum: Personal Consumer Issues
Topic: 1st Time Cruise - Princess and wifi
Replies: 21
Views: 1498

Re: 1st Time Cruise - Princess and wifi

When you are move than a few miles from port both phone and wifi need to go by satellite. Think $, or maybe $$$ or $$$$$. It's a vacation. Lose the phone and the email. Agree with all of the above. We did one cruise during a minor family emergency when we did login fairly regularly, but otherwise n...
by delamer
Wed Oct 18, 2017 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Any Red Flag with Canceling Federal Employee Health Insurance?
Replies: 11
Views: 1020

Re: Any Red Flag with Canceling Federal Employee Health Insurance?

1. Example of retirement issue/risk - a friend was a longtime federal employee and his wife received free or very low cost family health insurance. So, he dropped his federal health insurance to save money. Now, in retirement, the wife's former employer provides NOTHING to retirees for health benef...
by delamer
Wed Oct 18, 2017 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Any Red Flag with Canceling Federal Employee Health Insurance?
Replies: 11
Views: 1020

Re: Any Red Flag with Canceling Federal Employee Health Insurance?

... FYI, I also think if the OP should become disabled before traditional retirement eligibility and have to retire, he couldn't get FEHB coverage either. For clarification, do you mean if the employee doesn't take FEHB? Or even if they do have FEHB at the time of disability? If he isn't enrolled i...
by delamer
Tue Oct 17, 2017 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: Any Red Flag with Canceling Federal Employee Health Insurance?
Replies: 11
Views: 1020

Re: Any Red Flag with Canceling Federal Employee Health Insurance?

... The only possible concern would be if you should die while the family was covered through your wife's job (or before you got your 5 years of coverage pre-retirement), I believe your wife/family would lose the opportunity to get back into FEHB. Taking that into consideration, does the benefit of...
by delamer
Tue Oct 17, 2017 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Any Red Flag with Canceling Federal Employee Health Insurance?
Replies: 11
Views: 1020

Re: Any Red Flag with Canceling Federal Employee Health Insurance?

We too got our health insurance through my husband's private sector job rather than my federal job because, like with your family, the private sector insurance was better. When I was 6 years from my planned retirement, we switched back to coverage through my job (to leave myself a cushion). I retire...
by delamer
Tue Oct 17, 2017 9:50 pm
Forum: Investing - Help with Personal Investments
Topic: Deciding between Roth TSP and Trad TSP
Replies: 26
Views: 1448

Re: Deciding between Roth TSP and Trad TSP

This isn't an either/or choice. You can split your contributions between the accounts.
by delamer
Tue Oct 17, 2017 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: Grandparents want to give to grandkids
Replies: 33
Views: 2962

Re: Grandparents want to give to grandkids

I don't want to come across as unappreciative but as someone who "paved" their own way without an inheritance along the way I feel that I have benefited tremendously relative to close friends who squabbled their inheritance and/or did not developer a proper work ethic in the real world. I am convin...
by delamer
Tue Oct 17, 2017 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Protecting modest assets (house/IRA) from Medicaid/taxes
Replies: 9
Views: 589

Re: Protecting modest assets (house/IRA) from Medicaid/taxes

Why even consider using Medicaid with her house and IRA? If care is needed don't just rely on Medicaid, let her have the best care available until it runs out then use Medicaid. Does SHE want to rely on Medicaid? Has she visited facilities that accept Medicaid and compared that with private pay onl...
by delamer
Tue Oct 17, 2017 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Protecting modest assets (house/IRA) from Medicaid/taxes
Replies: 9
Views: 589

Re: Protecting modest assets (house/IRA) from Medicaid/taxes

You seem to be very focused on preserving assets, but have you discussed with your parents what they -- particularly your mother -- want to do in the event that one of them needs long-term care? Do they understand that the better long-term care facilities won't accept people who are on Medicaid from...
by delamer
Tue Oct 17, 2017 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Grandparents want to give to grandkids
Replies: 33
Views: 2962

Re: Grandparents want to give to grandkids

I am talking about maintaining parental control and knowledge of a savings account; people can't access an account that they aren't aware exists. It doesn't have anything to do with the child's level of responsibility. Do the kids do their own taxes? After age 18, they are adults and no one should ...
by delamer
Tue Oct 17, 2017 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security - Maximizing a couples benefits
Replies: 35
Views: 2730

Re: Social Security - Maximizing a couples benefits

Thanks to some of you. Priceless 8-) Yes, that comment made me laugh also. I know this isn't what mrgeeze wants to hear, but I'll agree with the others (who are not being thanked) that he should wait as long as possible to claim, to maximize the benefit for the survivor. My husband is 7 years older...
by delamer
Tue Oct 17, 2017 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Grandparents want to give to grandkids
Replies: 33
Views: 2962

Re: Grandparents want to give to grandkids

The concern about your kids getting control of the money at 21 is overblown. My kids knew that there was money set aside for their college costs. They did not know that some was in UTMA accounts that they could access themselves. There was no need to volunteer that information, and they never asked...
by delamer
Tue Oct 17, 2017 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Grandparents want to give to grandkids
Replies: 33
Views: 2962

Re: Grandparents want to give to grandkids

The concern about your kids getting control of the money at 21 is overblown. My kids knew that there was money set aside for their college costs. They did not know that some was in UTMA accounts that they could access themselves. There was no need to volunteer that information, and they never asked.
by delamer
Tue Oct 17, 2017 9:48 am
Forum: Investing - Theory, News & General
Topic: Vanguard expects "decent sized correction" soon, sometime, maybe later
Replies: 68
Views: 6761

Re: Vanguard expects "decent sized correction" soon

KyleAAA wrote:
Tue Oct 17, 2017 9:42 am
A "decent sized correction" at "some point." Really stepping out on a limb there, Vanguard.
:)

Of course there will be a decent sized correction at some point. If Vanguard didn't collectively believe that, it would be delusional.

I too don't see the word "soon" in the quote.
by delamer
Tue Oct 17, 2017 9:41 am
Forum: Investing - Help with Personal Investments
Topic: Thrift Savings Plan
Replies: 22
Views: 1842

Re: Thrift Savings Plan

I meant these: https://www.bogleheads.org/wiki/Lazy_portfolios Still wouldn't know how to balance those for the TSP. I look at the 2 fund portfolio and I'm guessing 60% C fund 40% I fund. Also how do you get Admiral shares again? The expenses are much lower it has to do with the balance right? You ...
by delamer
Mon Oct 16, 2017 9:23 pm
Forum: Investing - Help with Personal Investments
Topic: Thrift Savings Plan
Replies: 22
Views: 1842

Re: Thrift Savings Plan

There are lots of "lazy portfolio" options that are outlined in the Bogleheads wiki. Most can be implemented with the funds in the TSP.
by delamer
Mon Oct 16, 2017 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: couple of questions regarding inflation and the 4% rule
Replies: 19
Views: 1976

Re: couple of questions regarding inflation and the 4% rule

could you calculate you own personal rate of inflation by comparing your increase in spending over the previous 2 years? The CPI does not track changes in spending. It tracks the change in prices of a fixed market basket of goods/services. Say you spent half of your income on 500 gallons of milk an...
by delamer
Mon Oct 16, 2017 5:26 pm
Forum: Personal Consumer Issues
Topic: contributing to friend's non-profit?
Replies: 36
Views: 1875

Re: contributing to friend's non-profit?

Does this new nonprofit duplicate the efforts of an existing nonprofit? My observation is that there is a lot of that going on. I would not attend the gala if there are existing charities that fill the same need. This smacks of your friend setting up a nonprofit with the intent of supporting himself...
by delamer
Sun Oct 15, 2017 6:06 pm
Forum: Investing - Help with Personal Investments
Topic: Help/Input 71yr old mother- firing current advisor; simplifying at Vanguard
Replies: 2
Views: 386

Re: Help/Input 71yr old mother- firing current advisor; simplifying at Vanguard

A good first step is to contact Vanguard (or another acceptable broker) and explain what you want to do. They can bring over her investments in kind with possibly little conversation with the current FA. They can advise if there are any funds that cannot be brought over. Selling old funds and buyin...
by delamer
Sun Oct 15, 2017 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security - Maximizing a couples benefits
Replies: 35
Views: 2730

Re: Social Security - Maximizing a couples benefits

My point is that you never know. We don't know what will happen but we have a pretty good idea about the likelihood of what will happen. Agreed -- but given the devastating impact of a surviving spouse being left with very little income, even an unlikely outcome has to be considered in planning.
by delamer
Sun Oct 15, 2017 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: Over $10k in taxes owed for using 529s
Replies: 10
Views: 1579

Re: Over $10k in taxes owed for using 529s

So the withdrawal was not for an emergency, but because you found an investment that you believed would yield a return making it worth paying the penalties? Not sure what type of advice you are looking for in that context. Invest in the 529s again, but don't take money out? Don't ever put money in 5...
by delamer
Sun Oct 15, 2017 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Buying 2nd House - Affordability Check
Replies: 17
Views: 1965

Re: Buying 2nd House - Affordability Check

You haven't mentioned your level of liquid assets. Part of the issue is that it isn't wise to tie up a large chunk of your net worth in 1) illiquid assets and 2) in one type of asset (real estate in one locality). And there will inevitably be months that the house is not rented, which means the mort...
by delamer
Sun Oct 15, 2017 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security - Maximizing a couples benefits
Replies: 35
Views: 2730

Re: Social Security - Maximizing a couples benefits

In your position -- and in your wife's -- I'd be focused on making sure my wife had adequate income once I died, given that I expect her to outlive me. I don't know exactly what we expect, but our SS strategy includes consideration of what happens when one of us is gone. That has also been our focu...
by delamer
Sun Oct 15, 2017 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security - Maximizing a couples benefits
Replies: 35
Views: 2730

Re: Social Security - Maximizing a couples benefits

I think your focus is wrong: "The focus is maximizing benefits for both of us to lets say age 82." In your position -- and in your wife's -- I'd be focused on making sure my wife had adequate income once I died, given that I expect her to outlive me. Her survivor benefit will equal the Social Securi...
by delamer
Sun Oct 15, 2017 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Estimating Taxes
Replies: 8
Views: 711

Re: Estimating Taxes

The TaxCaster app is another option.
by delamer
Sun Oct 15, 2017 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Help with retirement decision
Replies: 11
Views: 1430

Re: Help with retirement decision

Bonbon you need to be careful here. The issue is what happens in a few years if you lose your husband? How are you going to pay the bills on half income? Then 10 years after that with some inflation that pension is not so good. And you with only one ss check may need some income from your investmen...
by delamer
Sat Oct 14, 2017 6:16 pm
Forum: Personal Consumer Issues
Topic: How long for hedonic adaptation to set in?
Replies: 109
Views: 7078

Re: How long for hedonic adaptation to set in?

OP, If you have spare aka unallocated money, A) You save it. Then, you are a miser. You unnecessary reduce your current lifestyle when it may not matter. B) You spend it. But, in this case, you spend it just because it is there. It is not necessary gives you the best value for your money in term of...
by delamer
Sat Oct 14, 2017 5:39 pm
Forum: Investing - Help with Personal Investments
Topic: ETF index funds for hesitant Retiree
Replies: 7
Views: 615

Re: ETF index funds for hesitant Retiree

You might show her this, and see where her comfort level is:

https://personal.vanguard.com/us/insigh ... llocations
by delamer
Sat Oct 14, 2017 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Help with retirement decision
Replies: 11
Views: 1430

Re: Help with retirement decision

Would you explain what "joint allowance half" means?

Regarding taking a partial lump sum, you asked about downsides but what is the upside that makes you think it is a good idea? You already have $600,000 invested.
by delamer
Sun Oct 08, 2017 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: Pare back allocation?
Replies: 10
Views: 871

Re: Pare back allocation?

I struggle with this. I have lump sum account that I know will give me about $475,000 in 4 years when I have to retire (State job). I can't manage that it is basically fixed at CPI. What's the struggle and what is the reference to CPI? I'm a state employee, and there are no CPI adjustments either w...
by delamer
Sun Oct 08, 2017 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: TSP to Vanguard?
Replies: 125
Views: 14607

Re: TSP to Vanguard?

I have essentially all of our 401K money in the TSP. I am considering switching to Vanguard for more choices, but mostly for more flexible withdrawal options. We are now in the annual period in which I can change my monthly withdrawal amount and I find this very restrictive and I dither over what i...
by delamer
Sat Oct 07, 2017 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: Is it time to jump off the ship (career question)
Replies: 10
Views: 1723

Re: Is it time to jump off the ship (career question)

What age is the owner? Old at 62 is different than old at 75.

If the owner is 75 (or more) and you know that his heirs don't want to be involved in the business, then I would look for a new job.