Search found 3206 matches

by delamer
Sun Dec 10, 2017 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to live on one income?
Replies: 24
Views: 1320

Re: Can we afford to live on one income?

Just wanted to highlight what a couple others have mentioned -- what is your job security like? How difficult would it be for you to find a job if you were laid off? Do you have life insurance and disability that is not tied to your job? Have you priced health insurance for all three of you from you...
by delamer
Sun Dec 10, 2017 9:06 pm
Forum: Investing - Help with Personal Investments
Topic: Windfall advise for my parents
Replies: 14
Views: 1166

Re: Windfall advise for my parents

So I talked with my dad little on the phone today about their situation. Dad gets $2059 and mom get $750 in SS. No pension. They have no CC debt but two loans of $10k each. Approximately 6.5%and 7.5. Nothing else outstanding. I asked how much are they thinking they would need to live comfortably on...
by delamer
Sun Dec 10, 2017 8:50 pm
Forum: Investing - Help with Personal Investments
Topic: Windfall advise for my parents
Replies: 14
Views: 1166

Re: Windfall advise for my parents

So I talked with my dad little on the phone today about their situation. Dad gets $2059 and mom get $750 in SS. No pension. Mom should be eligible for a spousal benefit of half of Dad's SS, which is higher than the $750 that she seems to be getting on her own acct. They should contact SS and conver...
by delamer
Sun Dec 10, 2017 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: Fraud/401k sales and the elderly parent
Replies: 14
Views: 1363

Re: Fraud/401k sales and the elderly parent

My sympathy for your father's situation. Based on my understanding, the 60-day rule applies in this case. I would visit a local office of a company like Charles Schwab or Fidelity ASAP and ask for their help in rolling over the remaining 401(k) money (now at the bank) into an IRA for your father. Th...
by delamer
Sat Dec 09, 2017 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Does this happen to you? Educating friends about personal finance
Replies: 104
Views: 5364

Re: Does this happen to you? Educating friends about personal finance

It seems like lots of folks are happy to recommend a specific car brand or appliance or vacation spot, but not actually happy to recommend Vanguard and index funds. What's up with that? The consequences of a vacation recommendation that does not work out are a lot lower than those of a financial re...
by delamer
Sat Dec 09, 2017 2:49 pm
Forum: Investing - Help with Personal Investments
Topic: Windfall advise for my parents
Replies: 14
Views: 1166

Re: Windfall advise for my parents

I will add that they have had a living trust that was done when they bought their retirement house. Not sure if it matters much but the bulk if not all of the windfall will be from the selling of real estate. Wait, are you saying that there windfall is coming from the expected sale of their home? O...
by delamer
Sat Dec 09, 2017 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: Windfall advise for my parents
Replies: 14
Views: 1166

Re: Windfall advise for my parents

Don't give any further advice until you get more details, particularly about their current income and how it compares to their expenses. If they have been using their credit cards to make up for an income shortfall, you need to know that and take it into account when making suggestions. You'll also ...
by delamer
Sat Dec 09, 2017 12:29 pm
Forum: Investing - Theory, News & General
Topic: Stocks always in taxable for tax efficient investing?
Replies: 58
Views: 2186

Re: Stocks always in taxable for tax efficient investing?

I'm beginning to question the rule of thumb that stocks should always be in taxable account. There is no such rule of thumb. I don't know where people are getting this idea...you are certainly not the first. If it is from our Wiki page, it needs to be edited. The rule of thumb is more like... "Fill...
by delamer
Sat Dec 09, 2017 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Does this happen to you? Educating friends about personal finance
Replies: 104
Views: 5364

Re: Does this happen to you? Educating friends about personal finance

If friends ask you for advice, go ahead and offer what you know and stay on point. But don't go out of your way to criticize their approach. Replace "personal finance" with "diet" or "exercise routine." If I want someone's advice on my diet or exercise, I'll ask. But I don't want them interjecting ...
by delamer
Sat Dec 09, 2017 11:57 am
Forum: Investing - Theory, News & General
Topic: Trying to nail down asset allocation for second bucket
Replies: 43
Views: 1388

Re: Trying to nail down asset allocation for second bucket

The difference between a 50% stock allocation and a 70% stock allocation probably is not going to be very large, so maybe 60% is the way to go if you are vacillating. The other issue is what percent the first bucket makes up of your total assets. While your way of accounting for pre-FRA income needs...
by delamer
Sat Dec 09, 2017 11:49 am
Forum: Investing - Theory, News & General
Topic: Trying to nail down asset allocation for second bucket
Replies: 43
Views: 1388

Re: Trying to nail down asset allocation for second bucket

I've done a hybrid approach to compartmentalizing "buckets". But, only within the overall portfolio allocation. This might be helpful or a useful example: I have set aside 2 funds, Wellington and Balanced Index in my trust for my hares. Then, mentally , outside of that is my retirement 3 fund LMP p...
by delamer
Thu Dec 07, 2017 10:50 pm
Forum: Personal Consumer Issues
Topic: Gift Giving Strategy for Married Couples
Replies: 20
Views: 1549

Re: Gift Giving Strategy for Married Couples

Tickets to sport, theatre, etc.?
by delamer
Tue Dec 05, 2017 7:01 pm
Forum: Personal Consumer Issues
Topic: Philanthropy and related issues
Replies: 50
Views: 3236

Re: Philanthropy and related issues

Hi Everyone, Op here. Thank you for your responses. Lessons learned from this post: 1. The search engine is your friend. I will use it first from now on 2. Tone is easily/frequently misinterpreted in chat format 3. It would have been better to ask a specific question about donating and volunteering...
by delamer
Tue Dec 05, 2017 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: First post from this retiree with questions - my daughter sent me here!
Replies: 34
Views: 3773

Re: First post from this retiree with questions - my daughter sent me here!

There is a general rule that someone your age with your investments can take 4% from his portfolio in his first year of retirement. Then each year after that, he can increase the amount withdrawn by the rate of inflation. Following this rule will make it extremely unlikely that you'll run out of mon...
by delamer
Tue Dec 05, 2017 6:17 pm
Forum: Personal Consumer Issues
Topic: Philanthropy and related issues
Replies: 50
Views: 3236

Re: Philanthropy and related issues

If I post in the forum about buying a new car, I expect people to tell me what car to buy. If I post about what mutual fund to use in my Roth, I expect people to tell me which mutual fund to buy. Those are totally different than an unsolicited post about how we "financially fortunate" Bogleheads ou...
by delamer
Tue Dec 05, 2017 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 334
Views: 25789

Re: Why not take Social Security at 62

Making SS in its current form part of the planning is of mostly academic interest in my view. There's little chance that it will remain in its current form 12+ years from now. The current rules about ages, levels of income, lack of means testing, etc will in all likelihood change by then. Similarly...
by delamer
Tue Dec 05, 2017 10:52 am
Forum: Personal Consumer Issues
Topic: Philanthropy and related issues
Replies: 50
Views: 3236

Re: Philanthropy and related issues

...But an unsolicited comment on how "financially fortunate" people should spend their money -- nope. But that's half of BH! "Buy this car at this trim level and mileage." Or "Buy this investment but not that one!" It's all fair game, imo. No matter how much I give to charity, if someone were to sa...
by delamer
Tue Dec 05, 2017 12:47 am
Forum: Personal Finance (Not Investing)
Topic: Need advice regarding long term care insurance
Replies: 8
Views: 561

Re: Need advice regarding long term care insurance

Being singke and with your level of assets, there does not seem to be a need for ling-term care insurance.
by delamer
Tue Dec 05, 2017 12:18 am
Forum: Personal Consumer Issues
Topic: Philanthropy and related issues
Replies: 50
Views: 3236

Re: Philanthropy and related issues

If your point is to encourage others on the forum to donate, then I don't see why you think that is appropriate. Your post comes across is if you think people who have a certain level of wealth should contribute some portion of that wealth to good causes. How is that your concern? Every Boglehead k...
by delamer
Mon Dec 04, 2017 10:49 pm
Forum: Personal Consumer Issues
Topic: Europe Suggestions
Replies: 44
Views: 2693

Re: Europe Suggestions

There are several cities in Italy that I woukd be happy to visit again -- Rome, Venice, Naples/Pompei, Florence. If airfares haven't changed much, you are talking $4,000-$5,000 to go round trip across the Atlantic for 4 of you. Of course, it depend on where you are leaving from and going to. :) Thre...
by delamer
Mon Dec 04, 2017 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: Potential New Job Offer and COL
Replies: 11
Views: 1203

Re: Potential New Job Offer and COL

Difficult to quantify, but how much would you value the ability to work from home and/or have a shorter commute in the new job (if the later is possible)?

Is the new job match up to 6% or a match of 6%?
by delamer
Mon Dec 04, 2017 10:21 pm
Forum: Investing - Help with Personal Investments
Topic: Former employer preventing rollover?
Replies: 10
Views: 1006

Re: Former employer preventing rollover?

Since your friend is already on not-good terms, how about sending the forms via overnight mail with a letter saying if they are not signed and returned within a week that the employer will hear from friend's lawyer?

Not much to lose at this point.
by delamer
Mon Dec 04, 2017 9:29 pm
Forum: Personal Consumer Issues
Topic: Philanthropy and related issues
Replies: 50
Views: 3236

Re: Philanthropy and related issues

Hi All, I am very new to the forum and I certainly don't want to alienate anyone ( or break the rules). I genuinely appreciate the advice I have received. I have yet to see any posts by the financially fortunate people here about donating some of their wealth to charity or other non-profit causes. ...
by delamer
Mon Dec 04, 2017 9:03 pm
Forum: Investing - Theory, News & General
Topic: Have I put too much into the 529 plan?
Replies: 52
Views: 11768

Re: Have I put too much into the 529 plan?

So here is a 10 year follow up. I invested both my son's 529 plans with VNQ (Vanguard's reit index fund). This was done through a 529 based in Virginia (I personally live in California). That investment has done very well over the years. I have not added more to it over the years and it has doubled...
by delamer
Mon Dec 04, 2017 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Turning 65, and choosing not to take Medicare Part B
Replies: 37
Views: 3583

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

I retired this year from 10 years of federal service, at age 68. Signed up for Medicare Part A at 65, since I have been paying for it through payroll as we all do so it has no premium charge. The question is whether to take part B. My Federal Employee Health Benefit plan (FEHB) can continue in reti...
by delamer
Mon Dec 04, 2017 8:31 pm
Forum: Personal Consumer Issues
Topic: It's that time of year again... buying christmas gifts
Replies: 70
Views: 5635

Re: It's that time of year again... buying christmas gifts

My girl and I just had our annual fight about the Christmas budget. I absolutely hate the pressures of society forcing me to buy unnecessary gifts for people who don't need it. I checked our budget ($600 total ($300 each)) and it still frustrates me; my brain just isn't wired this way. How can I sh...
by delamer
Mon Dec 04, 2017 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Parents Retirement
Replies: 13
Views: 1755

Re: Parents Retirement

If they use all the money for an annuity, what will they do if they need a major repair to the house or other major expense? This is just one reason why using all the money for an annuity is probably not wise. OTOH, they may have lots more money elsewhere that you didn't tell us about. Agreed. Do t...
by delamer
Mon Dec 04, 2017 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 334
Views: 25789

Re: Why not take Social Security at 62

Doing any elaborate math or planning concerning social security when you are 12+ years away from it is an exercise in futility in my opinion... It's almost certain that the rules will change by then, so why bother. To be conservative/safe, I assume that the plan will be means tested, and that I wil...
by delamer
Sun Dec 03, 2017 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes in Retirement: Resources?
Replies: 11
Views: 1289

Re: Taxes in Retirement: Resources?

You can try the TaxCaster App. You can change entries for different income types and see how different scenarios affect your taxes.
by delamer
Sun Dec 03, 2017 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: When/how to pare back cash gifts to young relatives as they get older
Replies: 19
Views: 1657

Re: When/how to pare back cash gifts to young relatives as they get older

An age or milestone cut-off is the way to go.

No gifts after age 25 or after high school graduation for instance.
by delamer
Sun Dec 03, 2017 4:55 pm
Forum: Investing - Help with Personal Investments
Topic: Just downsized at age 60...input appreciated
Replies: 29
Views: 3526

Re: Just downsized at age 60...input appreciated

In addition to the 1% fee, an advisor is likely to put you in mutual funds that have high expense ratios themselves. So instead of an index fund with an ER of 0.05%, you'll end up in a similar fund that costs 1.2% (on top of the advisor's fee). You can tell your brother that in the 2007 crash, my re...
by delamer
Sun Dec 03, 2017 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: Simplifying Roth
Replies: 2
Views: 298

Re: Simplifying Roth

Silk McCue wrote:
Sun Dec 03, 2017 12:32 pm
If you want simple for an 80/20 go with Lifestrategy Growth Fund is a great option. Set it and forget it. LifeStrategy Moderate Growth Fund is 60/40.
Good suggestion.

If you want to keep the individual ETFs, get rid of VIG and EMB.
by delamer
Sun Dec 03, 2017 12:30 pm
Forum: Investing - Help with Personal Investments
Topic: Best accounts to hold lump sum
Replies: 9
Views: 897

Re: Best accounts to hold lump sum

So the 529 looks different than hoped. It seems like there is a lack clarity on secondary articles (money advisors, CNN, even Bogleheads) and even the IRS publication on how the withdrawals are treated. But, as best as I can tell, any withdrawal is treated as a mix of gains and principal. So I can'...
by delamer
Sun Dec 03, 2017 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: Why should I look globally at my portfolio between taxable and non taxable accounts ?
Replies: 13
Views: 1033

Re: Why should I look globally at my portfolio between taxable and non taxable accounts ?

I think the rule about allocating globally between taxable and non-taxable applies only for accounts belonging to the same goal. For example, if I have a portion of my retirement savings in taxable and a portion in non-taxable, it makes sense to allocate globally. But, for example, I have my emerge...
by delamer
Sat Dec 02, 2017 10:52 pm
Forum: Investing - Help with Personal Investments
Topic: Why should I look globally at my portfolio between taxable and non taxable accounts ?
Replies: 13
Views: 1033

Re: Why should I look globally at my portfolio between taxable and non taxable accounts ?

I think the rule about allocating globally between taxable and non-taxable applies only for accounts belonging to the same goal. For example, if I have a portion of my retirement savings in taxable and a portion in non-taxable, it makes sense to allocate globally. But, for example, I have my emerge...
by delamer
Sat Dec 02, 2017 10:28 pm
Forum: Investing - Help with Personal Investments
Topic: Best accounts to hold lump sum
Replies: 9
Views: 897

Re: Best accounts to hold lump sum

There are all sorts of arguments(and sometimes ARGUMENTS :D ) about this but I would keep it simple and just pay off your mortgage, you can then invest your "mortgage payment" each month. This would give you the advantage of dollar cost averaging and help you avoid a large market drop right after y...
by delamer
Sat Dec 02, 2017 9:46 pm
Forum: Investing - Help with Personal Investments
Topic: Best accounts to hold lump sum
Replies: 9
Views: 897

Re: Best accounts to hold lump sum

There are all sorts of arguments(and sometimes ARGUMENTS :D ) about this but I would keep it simple and just pay off your mortgage, you can then invest your "mortgage payment" each month. This would give you the advantage of dollar cost averaging and help you avoid a large market drop right after y...
by delamer
Sat Dec 02, 2017 8:58 pm
Forum: Investing - Help with Personal Investments
Topic: Best accounts to hold lump sum
Replies: 9
Views: 897

Re: Best accounts to hold lump sum

I'd take a step back and think through your retirement situation. How much money do you really want to plow into your TSP, above the match? With your pension plus Social Security, you will have retirement income of around $85,000. It also sounds like your mortgage will be paid off. So much much inco...
by delamer
Sat Dec 02, 2017 8:30 pm
Forum: Personal Consumer Issues
Topic: How to convince DW that high miles used car is OK
Replies: 106
Views: 6530

Re: How to convince DW that high miles used car is OK

I think your wife is right. If you have a car you are happy with that has 150,000 miles on it that you have been using for years keeping it longer is one thing, buying a car with 150,000 miles on it is asking for trouble. You could get a car with much lower miles and then keep it a long time, possi...
by delamer
Sat Dec 02, 2017 8:14 pm
Forum: Investing - Help with Personal Investments
Topic: New TSP Investing Strategy
Replies: 18
Views: 1910

Re: New TSP Investing Strategy

What is your goal? None of the L funds have out performed the C or S funds. My goal is to boost my retirement account. The reason I haven't quit the L Funds is because I'm still rather uncomfortable with the do-it-yourself approach. But if you keep moving around your allocation between the differen...
by delamer
Sat Dec 02, 2017 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Empty nesters, how did your finances change when the birds left the nest
Replies: 25
Views: 2282

Re: Empty nesters, how did your finances change when the birds left the nest

We were saving for college until our second was through freshman year, and we knew we had enough. So our big increase in spendable income was from "no more college money needed." Assuming that 1) parents stay in the same house and 2) with no change in employment then here is the impact on other expe...
by delamer
Sat Dec 02, 2017 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Plan for the Next Eight Years - Any Concern or Red Flag?
Replies: 21
Views: 2716

Re: Plan for the Next Eight Years - Any Concern or Red Flag?

It's unclear what your expenses are. It's also unclear why you have a $210k emergency fund. It's impossible to know whether you can pay 8 years of tuition payments on $112-152k annual employment income without knowing what your other expenses are, how likely it is that you'll make $152k/year vs $11...
by delamer
Sat Dec 02, 2017 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Million dollar NW poverty in retirement ?
Replies: 11
Views: 2828

Re: Million dollar NW poverty in retirement ?

"there are only two ways to overcome million-dollar poverty, Avallone said: Earn more or spend less." What about moving from high cost of living area to lower one? (i.e. NYC -> FL) It matters plenty if you own your home and whether it's a $200k or $600k neighborhood. And isn't the rule of thumb her...
by delamer
Sat Dec 02, 2017 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: Young Professional just starting needs advice
Replies: 5
Views: 568

Re: Young Professional just starting needs advice

Assuming that his income is going to be low this year (not the full $50,000), then your idea of just getting the 401(k) match and then doing a Roth makes sense. If his income was the full $50,000, then it might make sense to get his marginal rate down to 15% (which could happen with the match anyway).
by delamer
Sat Dec 02, 2017 2:57 pm
Forum: Investing - Help with Personal Investments
Topic: I soooo want to embrace the 3 fund portfolio, but...
Replies: 25
Views: 2860

Re: I soooo want to embrace the 3 fund portfolio, but...

Why are you assuming that your will "sacrifice a bit of growth" if you move to a 3-fund portfolio? I genuinely don't understand this. First, you can be as aggressive as you choose with a 3-fund portfolio. It depends on how you weight the three components. You don't have to put one-third of your mone...
by delamer
Fri Dec 01, 2017 4:49 pm
Forum: Investing - Theory, News & General
Topic: Is 60/40 mix the sleep mix or 80/20 mix
Replies: 38
Views: 3474

Re: Is 60/40 mix the sleep mix or 80/20 mix

Whose long term? A 25-year old's or a 65-year old's? Or another age? You can pass along 80/20 to your heir, can't you? Yes, but what does that have to do with sleeping well? Posts on the forum are supposed to be actionable. What are you trying to figure out for yourself? I am not the one asking the...
by delamer
Fri Dec 01, 2017 4:30 pm
Forum: Investing - Theory, News & General
Topic: Is 60/40 mix the sleep mix or 80/20 mix
Replies: 38
Views: 3474

Re: Is 60/40 mix the sleep mix or 80/20 mix

Whose long term? A 25-year old's or a 65-year old's? Or another age?
by delamer
Fri Dec 01, 2017 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Step by Step Vanguard Tax implications
Replies: 13
Views: 726

Re: Step by Step Vanguard Tax implications

You can download the TaxCaster App and enter your all of your income, deductions, etc. to get an estimate of your 2017 taxes. It also will tell you your marginal tax rate. And it will allow you to revise inputs to see, for example, how additional long-term capital gains would affect your taxes and m...