Search found 5773 matches

by delamer
Thu Sep 20, 2018 4:23 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie with no idea where to invest
Replies: 17
Views: 823

Re: Newbie with no idea where to invest

Vanguard Index 500 is average of 11.05% since 1976, VTSMX 9.72% since 1992, Wellington 8.26% since 1929 although I am not totally on Ramsey's side, he just states the averages (of his funds usually). Average is average if a fund has an average of 12% or 9% or 3% that is what you should expect until...
by delamer
Thu Sep 20, 2018 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Rate our 5 yr plan and beyond
Replies: 8
Views: 476

Re: Rate our 5 yr plan and beyond

Are you 41/37 now, or will you be in 4 years? I am asking because of fertility issues. You could have paid $30,000 for a car and gotten a reliable sedan, or bought a used Jeep. Best to not kid yourself about the Jeep. It was an indulgence that is interfering with your larger goals. in 4 yrs, and ye...
by delamer
Thu Sep 20, 2018 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Please help me assess condo purchase and overall finances
Replies: 22
Views: 1049

Re: Please help me assess condo purchase and overall finances

I can't risk missing my October 2 closing date. Can I negotiate origination fees? I don't know why there's an administration and processing fee. I'm sure the lender has a perfectly good reason... The reason is to take money out of your pocket and put it in the lender’s. Not to mention that your int...
by delamer
Thu Sep 20, 2018 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Rate our 5 yr plan and beyond
Replies: 8
Views: 476

Re: Rate our 5 yr plan and beyond

Are you 41/37 now, or will you be in 4 years? I am asking because of fertility issues.

You could have paid $30,000 for a car and gotten a reliable sedan, or bought a used Jeep.

Best to not kid yourself about the Jeep. It was an indulgence that is interfering with your larger goals.
by delamer
Thu Sep 20, 2018 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Please help me assess condo purchase and overall finances
Replies: 22
Views: 1049

Re: Please help me assess condo purchase and overall finances

I feel like my closing costs are relatively high. Even subtracting the single payment for PMI and mortgage points ($9,826 - $1,487 - $812) my closing costs are $7,527 or 3.96% of the sale price. Do any of these seem abnormally high to anyone? Can/should I negotiate this with my mortgage broker? htt...
by delamer
Thu Sep 20, 2018 3:31 pm
Forum: Personal Consumer Issues
Topic: Another Mini-split thread.
Replies: 1
Views: 137

Re: Another Mini-split thread.

Your subject line is confusing/misleading.

Suggest you change it to refer to AC.
by delamer
Thu Sep 20, 2018 3:27 pm
Forum: Personal Consumer Issues
Topic: MySocialSecurity and credit freeze block annoyance
Replies: 5
Views: 370

Re: MySocialSecurity and credit freeze block annoyance

I literally went through this a few days ago. I lifted my Equifax freeze (temporarily), waited 24 hours, and was able to create my Social Security account online. Lifting the freeze was free. It is disturbing that the government is relying on an outside agency to verify identities. On the other hand...
by delamer
Thu Sep 20, 2018 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Elderly parents are in debt - Need advice
Replies: 37
Views: 4043

Re: Elderly parents are in debt - Need advice

My parents, both in their seventies, have a lot of debt and no assets except a small amount of equity in their home. They owe money on their car, they have thousands (about 45k) in credit card debt, and they have other personal loans. They have zero in cash savings. They are looking into filing for...
by delamer
Thu Sep 20, 2018 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Hubby soon to be laid off
Replies: 30
Views: 1996

Re: Hubby soon to be laid off

If you want to stay, refinance your mortgage to a 30 year. That will cut your mortgage payment by 1/3 even with a higher interest rate. Let your heirs pay off the mortgage when they sell the house. If your husband gets another job you can aggressively pay it off. If you go that route the extra inte...
by delamer
Thu Sep 20, 2018 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Hubby soon to be laid off
Replies: 30
Views: 1996

Re: Hubby soon to be laid off

How much do you estimate you need in retirement? I think you need to make a budget. You don't seem in that bad of shape. the $2800 mortgage is tough though. Can you sell the house and downsize? You have over $500k in equity so maybe you can buy a smaller house. Agreed. You gave us information on pa...
by delamer
Thu Sep 20, 2018 12:11 pm
Forum: Investing - Theory, News & General
Topic: Simple-minded sayings?
Replies: 9
Views: 623

Re: Simple-minded sayings?

but in another thread someone will remind you to "Be greedy when others are fearful, and fearful when others are greedy" but then someone will decree "Don't try to time the market" Those aren’t contradictory, if that is what you are implying. The first refers to rebalancing — which means having the...
by delamer
Thu Sep 20, 2018 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie with no idea where to invest
Replies: 17
Views: 823

Re: Early Retirement Where to Invest

The 4% rule applies to portfolio survival for those in their 60’s. In your early 30’s, a 2% to 2.5% withdrawal rate is needed to provide assurances of portfolio survival. As pointed out earlier, the withdrawal rate is the percent of assets you can take from the portfolio. It is only somewhat related...
by delamer
Thu Sep 20, 2018 11:53 am
Forum: Personal Consumer Issues
Topic: Did you really have something to retire to?
Replies: 79
Views: 5163

Re: Did you really have something to retire to?

I originally planned to retire to reading all the books and music CDs accumulated over the years, getting reacquainted with model railroading hobby that my father and I enjoyed when I was a young boy, and doing some travelling to state fairs and air shows around the country. All that changed two ye...
by delamer
Thu Sep 20, 2018 11:35 am
Forum: Investing - Help with Personal Investments
Topic: HELOC as a bonds replacement for drawing down from in a downturn?
Replies: 19
Views: 892

Re: HELOC as a bonds replacement for drawing down from in a downturn?

I like(d) the strategy so much that I used it for a related reason. I used a HELOC as my emergency fund for >20 years, which allowed me to keep that money in the market instead of a low interest account. I set it up at my bank (BofA). Their HELOC came with a 25 year term/10 year draw, usually had 1...
by delamer
Wed Sep 19, 2018 9:52 pm
Forum: Investing - Help with Personal Investments
Topic: Paying off mortgage vs investing?
Replies: 14
Views: 1110

Re: Paying off mortgage vs investing?

I would pay $250 extra per month. Wraps up in 19 years and interest will be $95950. Versus $158900 in interest if you paid on the 30-year schedule. Thank you for the response above Thank you also mort. As someone who is frugal, paying an extra 100k in interest is crazy!! I can comfortably add $600 ...
by delamer
Wed Sep 19, 2018 9:23 pm
Forum: Investing - Help with Personal Investments
Topic: HELOC as a bonds replacement for drawing down from in a downturn?
Replies: 19
Views: 892

Re: HELOC as a bonds replacement for drawing down from in a downturn?

At some point, you’ll need to start paying back the HELOC principal too.

How does that figure into your plan?
by delamer
Wed Sep 19, 2018 3:11 pm
Forum: Personal Consumer Issues
Topic: Did you really have something to retire to?
Replies: 79
Views: 5163

Re: Did you really have something to retire to?

I retired in order to spend more time doing the things that I enjoy and less time doing the things that I don’t enjoy,

I am not sure what you mean by “solid.” If you mean a specific plan on how I was going to spend all the time that I previously spent working, then no.
by delamer
Wed Sep 19, 2018 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: What's the best early retirement strategy for us?
Replies: 39
Views: 2945

Re: What's the best early retirement strategy for us?

What is a good basic strategy? Payoff mortgage early, refinance, max out retirement plans...we need some order to the chaos :) Doesn't really matter. Pretty much all that does is getting that 48k/year into savings by either paying off the house or getting in the retirement accounts. Save that for 1...
by delamer
Wed Sep 19, 2018 2:41 pm
Forum: Investing - Help with Personal Investments
Topic: It seems simplke bot of course not! Benchmarking ...
Replies: 14
Views: 637

Re: It seems simplke bot of course not! Benchmarking ...

The best benchmark is probably a target date retirement fund that matches your age/expected retirement date. E.g. https://investor.vanguard.com/mutual-funds/profile/VFORX Trying to get up to speed on all this so a follow-up question … I'm thinking my goal is to self-manage my 401(k) using the 2-4 f...
by delamer
Wed Sep 19, 2018 2:32 pm
Forum: Investing - Theory, News & General
Topic: “Majority of working-age Americans have no retirement savings”
Replies: 73
Views: 3736

Re: “Majority of working-age Americans have no retirement savings”

Is is safe to say that "The majority of retirement-age Americans are retired" ? Majority, yes. This is from a report based on 2016 data from BLS: “In May, 18.8% of Americans ages 65 and older, or nearly 9 million people, reported being employed full- or part-time, continuing a steady increase that ...
by delamer
Wed Sep 19, 2018 2:18 pm
Forum: Investing - Help with Personal Investments
Topic: It seems simplke bot of course not! Benchmarking ...
Replies: 14
Views: 637

Re: It seems simplke bot of course not! Benchmarking ...

Each fund in your 401(k) has an appropriate benchmark noted in its fact sheet or its prospectus. So your first step is to identify that benchmark. Then find out the performance of each benchmark for the time period you want to look it. You also need to find out the performance of each of your funds,...
by delamer
Wed Sep 19, 2018 2:06 pm
Forum: Investing - Theory, News & General
Topic: Equity allocation for Flagship clients?
Replies: 47
Views: 3683

Re: Equity allocation for Flagship clients?

Anything over 60% equity after age 60 may indicate having an increasing marginal utility of wealth, which for a Flagship client at that stage of life seems a bit puzzling but to each his own. Perhaps reflects a legacy or charitable intent. Or the ability to cover expenses through pensions, Social S...
by delamer
Wed Sep 19, 2018 12:12 am
Forum: Personal Finance (Not Investing)
Topic: What's the best early retirement strategy for us?
Replies: 39
Views: 2945

Re: What's the best early retirement strategy for us?

I’d find out how much you can each expect from Social Security, especially given that you’ll be retiring so early. There are calculators where you can input zeroes for your non-working years to get accurate estimates. Then I’d calculate how much money you’ll need to spend from savings each your to c...
by delamer
Tue Sep 18, 2018 10:59 pm
Forum: Personal Consumer Issues
Topic: Experiences downsizing to single car
Replies: 34
Views: 2687

Re: Experiences downsizing to single car

Thesaints wrote:
Mon Sep 17, 2018 5:47 pm
How much does it cost to keep an extra car ?
Obviously, it will vary depending on the car and where you live.

But even if you rarely drive it, you need to pay for insurance and tags. So those are fixed costs.
by delamer
Mon Sep 17, 2018 11:13 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Double Check
Replies: 23
Views: 1527

Re: Retirement Double Check

You have a better shot at a 30 year retirement if you walk out at age 45 or 50 and still no guarantee of it either. You can do everything right and life happens. I wouldn’t be fixated on a 30 year retirement horizon unless family genetics is favorable towards longevity, though no guarantee. On aver...
by delamer
Mon Sep 17, 2018 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Double Check
Replies: 23
Views: 1527

Re: Retirement Double Check

You aren’t missing much, if anything. Your nest egg need to cover your net expenses (total expenses minus other income) with other income in retirement being — Social Security, pensions, annuities, and in your case, rental income. If your net expenses are minimal, then you don’t need a big nest egg....
by delamer
Mon Sep 17, 2018 2:57 pm
Forum: Investing - Help with Personal Investments
Topic: shorter term window
Replies: 3
Views: 255

Re: shorter term window

One solution is to keep several years of expenses into cash so that you won’t need to sell stocks if there is a correction/crash. Then the rest of money can be mixed into stock and bonds. You should familiarize yourself with the “bucket” approach to retirement investing: http://www.theretirementmani...
by delamer
Mon Sep 17, 2018 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: retiring soon, any advice on moving 401k?
Replies: 6
Views: 739

Re: retiring soon, any advice on moving 401k?

Please add the fund names to your post (use the little pencil on the upper right).

Most of us don’t know the ticker symbols.
by delamer
Mon Sep 17, 2018 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Dilemma: Add room to current house or buy new house?
Replies: 93
Views: 4348

Re: Dilemma: Add room to current house or buy new house?

Just to be fair to the OP, not all square footage is created equal. It sounds like he is including a lot of non-livable space in the 6000. A well planned out 1800 square foot house can feel bigger than a poorly planned 3200. I've seen big houses where all the square footage was in enormous master c...
by delamer
Mon Sep 17, 2018 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Playing catch up. Best methods to grow retirement in next 10+years?
Replies: 17
Views: 2087

Re: Playing catch up. Best methods to grow retirement in next 10+years?

Have come up with some decisions based on all the recommendation posted. Our income varies from month to month due to corporate profit sharing. Get monthly bonuses that fluctuate. Also not salaried positions and it just depends on how many hours we put in each month. I have to budget each month bas...
by delamer
Sun Sep 16, 2018 10:57 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking of Retiring at 52, Please Critique Plan
Replies: 42
Views: 5586

Re: Thinking of Retiring at 52, Please Critique Plan

I may be wrong, but if he does collect SSDI, he will be able to get onto Medicare 24 months later, so he doesn't have to deal with individual insurance. If I could do that, I would do it. Individual insurance is a mess! That is my understanding too, but they will still need insurance for the rest o...
by delamer
Sun Sep 16, 2018 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: Playing catch up. Best methods to grow retirement in next 10+years?
Replies: 17
Views: 2087

Re: Playing catch up. Best methods to grow retirement in next 10+years?

Other payments include a few big debts, but have planned to pay them off in the next few years. 1) Heloc that we had to get to finance our home when we converted the construction loan to a regular mortgage and the market crashed which left us stuck with our old home. Owe $38k with interest only pay...
by delamer
Sun Sep 16, 2018 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: Pension question - 65% J&S vs Single plus term insurance
Replies: 6
Views: 602

Re: Pension question - 65% J&S vs Single plus term insurance

Even if you can obtain an affordable life insurance policy on yourself that will cover you until your wife is 95, it seems to me that you are compromising her financial security by eliminating the survivor benefit. For one thing, If you die first she will also lose some portion of your family Social...
by delamer
Sun Sep 16, 2018 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Pension question - 65% J&S vs Single plus term insurance
Replies: 6
Views: 602

Re: Pension question - 65% J&S vs Single plus term insurance

Similar circumstances, but my spouse is 5 years older, and I was deciding between 100% or 67% pension survivor options. Did a spreadsheet and a 20-year term insurance policy (taking DH to age 82), plus the 67% survivor option for the pension came out ahead of the 100% J&S option by several hundred ...
by delamer
Sun Sep 16, 2018 8:48 pm
Forum: Personal Consumer Issues
Topic: Experiences downsizing to single car
Replies: 34
Views: 2687

Re: Experiences downsizing to single car

Somewhat similar to your situation but we haveUber/Lyft in our area. We have one old car and when either one of us has to go out of town, we just rent a car. If you rent locally instead of the airport, it is very reasonable. How do you get to/from the car rental? That and the trouble/time/cost of r...
by delamer
Sun Sep 16, 2018 8:47 pm
Forum: Investing - Help with Personal Investments
Topic: Does cash at Ally count in my asset allocation?
Replies: 22
Views: 1842

Re: Does cash at Ally count in my asset allocation?

I have different asset allocations for different goals. So my cash would be counted as part of the allocation for its purpose/goal.

So what is the goal for your cash?
by delamer
Sun Sep 16, 2018 6:03 pm
Forum: Personal Consumer Issues
Topic: Experiences downsizing to single car
Replies: 34
Views: 2687

Re: Experiences downsizing to single car

Somewhat similar to your situation but we haveUber/Lyft in our area. We have one old car and when either one of us has to go out of town, we just rent a car. If you rent locally instead of the airport, it is very reasonable. As long as you know at least a couple days in advance about your meetings,...
by delamer
Sun Sep 16, 2018 5:42 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking of Retiring at 52, Please Critique Plan
Replies: 42
Views: 5586

Re: Thinking of Retiring at 52, Please Critique Plan

Love everyone's feedback. I should provide more information to clarify the work situation. I put a lot of information out there though still wanted to stay somewhat anonymous. But It's only the internet. Who reads the internet. :? My husband was diagnosed with early onset of Alzheimer's last year. ...
by delamer
Sun Sep 16, 2018 5:32 pm
Forum: Investing - Theory, News & General
Topic: Equity allocation for Flagship clients?
Replies: 47
Views: 3683

Re: Equity allocation for Flagship clients?

Absolute asset levels don't matter particularly much, IMO. What matters is the assets-to-expenses ratio, and possibly your ability to cut spending in down markets. If your assets-to-expenses ratio is at 25 (that is, the 4% rule applies), then you can't afford to take significantly more risk than th...
by delamer
Sun Sep 16, 2018 4:10 pm
Forum: Investing - Theory, News & General
Topic: Equity allocation for Flagship clients?
Replies: 47
Views: 3683

Re: Equity allocation for Flagship clients?

Absolute asset levels don't matter particularly much, IMO. What matters is the assets-to-expenses ratio, and possibly your ability to cut spending in down markets. If your assets-to-expenses ratio is at 25 (that is, the 4% rule applies), then you can't afford to take significantly more risk than th...
by delamer
Sun Sep 16, 2018 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: Generous grandparents - trust?
Replies: 2
Views: 536

Re: Generous grandparents - trust?

Are the accounts actually in your kids’ names or are they just separate accounts that are still in the grandparents’ names?

Who has control over the investment decisions, you or the grandparents?

FYI, if there are taxable accounts in the kids’ names then you need to pay any taxes due each year.
by delamer
Sun Sep 16, 2018 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: How to get financially ready for death of parent
Replies: 22
Views: 2501

Re: How to get financially ready for death of parent

Your best option is to set up a consultation with an estate attorney for all three of you, Your mother needs to have a will and end-of-life plans drawn up anyway. And the attorney can answer your questions about debts and how accounts should be titled. These issues can vary a lot by state, so generi...
by delamer
Sun Sep 16, 2018 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Where to put saving for retirement house?
Replies: 6
Views: 666

Re: Where to put saving for retirement house?

Money that you need in 2.5 years should not be in stocks.

Generally, stocks should only be used if you are at least 5 years out from spending the money.
by delamer
Sun Sep 16, 2018 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: Am I "buying high" if I transfer stable value funds over to stock index fund now?
Replies: 26
Views: 1790

Re: Am I "buying high" if I transfer stable value funds over to stock index fund now?

I will be retiring between December 1 of this year and March 30th of 2019, depending on whether my wife needs a medical procedure performed or not. As of now, my entire 401k money has been moved over to a stable value fund as my employer offers some really poor mutual fund choices. Once retired, I ...
by delamer
Sun Sep 16, 2018 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking of Retiring at 52, Please Critique Plan
Replies: 42
Views: 5586

Re: Thinking of Retiring at 52, Please Critique Plan

At your low income needs, you will get substantial ACA subsidy. It is good that you have budgeted significant amount for healthcare. No need for health sharing ministry at your low income. Educate yourself on ACA subsidies and improve your planning accordingly. I would not plan retirement around th...
by delamer
Sun Sep 16, 2018 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Please help me assess condo purchase and overall finances
Replies: 22
Views: 1049

Re: Please help me assess condo purchase and overall finances

You guys have me worried now. I'm past the due diligence period and closing is set for October 2. If I get a another quote, I won't meet the closing date. The loan has not been finalized so I can still decide to put down 20%. Is it possible that my interest rate is in fact 5%? I think the daily ave...
by delamer
Sun Sep 16, 2018 2:36 pm
Forum: Investing - Help with Personal Investments
Topic: Am I "buying high" if I transfer stable value funds over to stock index fund now?
Replies: 26
Views: 1790

Re: Am I "buying high" if I transfer stable value funds over to stock index fund now?

What if the market rises another 15% and then there is a 10% correction? You will end buying on a dip but still pay more than if you bought today. There are have been threads on this forum at least as far back as 2015 started by people who were afraid to invest in stocks because they were convinced ...
by delamer
Sun Sep 16, 2018 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Please help me assess condo purchase and overall finances
Replies: 22
Views: 1049

Re: Please help me assess condo purchase and overall finances

Get mortgage quotes from a local bank, credit union, and a big national bank. I din’t think you’re getting good advice from your broker. For instance, there is an option to get a 80% 1st mortgage, a 10% 2nd mortgage (at a higher interest rate), and put 10% down. That way you avoid PMI and accumulate...
by delamer
Sun Sep 16, 2018 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Playing catch up. Best methods to grow retirement in next 10+years?
Replies: 17
Views: 2087

Re: Playing catch up. Best methods to grow retirement in next 10+years?

Saving for retirement is the top goal at this point. Like the title says, off to a slow start and need to catch up. Not comfortable with what we have right now. Not too worried about college. Can always borrow for that not retirement. Have some in 529 for 2 kids. Around 20k in each. Could also use ...
by delamer
Sun Sep 16, 2018 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Playing catch up. Best methods to grow retirement in next 10+years?
Replies: 17
Views: 2087

Re: Playing catch up. Best methods to grow retirement in next 10+years?

Lots going in in your post — a little white space would make it easier to sort through. And we need more information. Your subject line is about saving for retirement, but your real issue seems to be paying for college. What is your goal in terms of paying for your kids education? How many kids and ...