Search found 3659 matches

by delamer
Sat Feb 24, 2018 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Federal Employees, leading up to retirement?
Replies: 21
Views: 971

Re: Federal Employees, leading up to retirement?

I didn’t see any reason to use up my leave. You do get a payout for unused annual leave. Not sure why you’d accelerate medical treatments, unless you are concerned about paying your out-of-pockets costs once you are retired. You are continuing your FEHB in retirement? I was told by our retirement sp...
by delamer
Sat Feb 24, 2018 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Federal Employees, leading up to retirement?
Replies: 21
Views: 971

Re: Federal Employees, leading up to retirement?

You can do retirement estimate online, there is no need to call anybody. In my agency, it could be requested via our employee intranet. It took a few weeks to get, via e-mail. Although, if your service has been pretty straightforward — all full-time with no interruptions in service — it is easy to ...
by delamer
Sat Feb 24, 2018 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: bypass trusts still good?
Replies: 7
Views: 465

Re: bypass trusts still good?

The bypass trust that my parents had was implemented in order to minimize federal estate taxes.

So a lot depends on the expected size of your estates.
by delamer
Sat Feb 24, 2018 5:20 pm
Forum: Investing - Theory, News & General
Topic: Atlantic Article: This Is What Life Without Retirement Savings Looks Like
Replies: 21
Views: 2816

Re: Atlantic Article: This Is What Life Without Retirement Savings Looks Like

Many people, especially from the socioeconomic class that tends to visit investing forums, have an inflated idea of how much money people need to have to live comfortable, meaningful lives. I live in an area full of unspoiled nature which has never offered decent jobs. Our median family income is $...
by delamer
Sat Feb 24, 2018 3:18 pm
Forum: Investing - Help with Personal Investments
Topic: Low-cost Financial Advisor options for parents
Replies: 14
Views: 561

Re: Low-cost Financial Advisor options for parents

We don’t know if they need to take risk or not. If one dies, ss is cut. We don’t know if pension is cut also, but certainly there is a good chance. The death of results in increased taxes. Inflation remains a risk, as ther is a possibility of at least one living for many more years. Kitces has a go...
by delamer
Sat Feb 24, 2018 3:13 pm
Forum: Investing - Help with Personal Investments
Topic: Rolling over deceased mom's accounts
Replies: 15
Views: 1220

Re: Rolling over deceased mom's accounts

Best to wait and let the brokerage do their thing. They should get the stepped up basis stuff correct, set up an account number for you, transfer to your account, sell as you direct, etc. You can count on them charging you a commission for all this. Just sit tight and let it play out - brokerages d...
by delamer
Sat Feb 24, 2018 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: Low-cost Financial Advisor options for parents
Replies: 14
Views: 561

Re: Low-cost Financial Advisor options for parents

Why do they want to get into stocks at this point? It sounds like the have no need to take risk.
by delamer
Sat Feb 24, 2018 1:20 pm
Forum: Investing - Help with Personal Investments
Topic: Wife's 401K Options, Need help while early in the game
Replies: 4
Views: 184

Re: Wife's 401K Optioins, Need help while early on the game

I agree with your choices, and the allocation. You are right to use those 3 low ER index funds rather than the other options.
by delamer
Sat Feb 24, 2018 1:07 pm
Forum: Investing - Help with Personal Investments
Topic: AA: am I being wise or missing something?
Replies: 19
Views: 785

Re: AA: am I being wise or missing something?

Our position is similar, with somewhat less assets but an even lower withdrawal rate than yours. We are invested about 75% stocks/15% bonds/10% cash. Our nest egg will go to the kids when we die, so in part we invest for their life spans (now in their twenties). We also expect to do more and more gi...
by delamer
Sat Feb 24, 2018 12:47 pm
Forum: Investing - Theory, News & General
Topic: Evidence that retirement account ID theft is increasing
Replies: 21
Views: 3174

Re: Evidence that retirement account ID theft is increasing

It's true that the chance of theft may be low, but if theft happens it is completely devastating. 93% safety is nowhere near enough for such a catastrophic risk. It isn’t 93% safety. The 7% is the portion of non-card related financial fraud that involved retirement accounts. It is NOT the percent o...
by delamer
Sat Feb 24, 2018 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: Rolling over deceased mom's accounts
Replies: 15
Views: 1220

Re: Rolling over deceased mom's accounts

Best to wait and let the brokerage do their thing. They should get the stepped up basis stuff correct, set up an account number for you, transfer to your account, sell as you direct, etc. You can count on them charging you a commission for all this. Just sit tight and let it play out - brokerages d...
by delamer
Fri Feb 23, 2018 11:52 pm
Forum: Investing - Help with Personal Investments
Topic: Help with my daughter's 401K
Replies: 11
Views: 527

Re: Help with my daughter's 401K

Jim Mac wrote:
Fri Feb 23, 2018 11:40 pm
Thanks all. If she stays there 5 years or less, would a traditional or Roth 401k be better? Does it matter?
Her time with the employer does not matter. The issue is her personal tax rate now and in the future. Unless she is very well paid, the Roth probably is her best bet.
by delamer
Fri Feb 23, 2018 11:49 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing a mortgage, plan to pay off ~7-10 years.
Replies: 6
Views: 748

Re: Choosing a mortgage, plan to pay off ~7-10 years.

Those closing costs all seem relatively high. How much are you actually paying in loan fees - points, origination fees, lender fees, etc? Yes. There are a lot “closing costs”that will not vary (or vary very little) from loan to loan, like government transfer fees, a few months escrow of property ta...
by delamer
Fri Feb 23, 2018 11:36 pm
Forum: Investing - Help with Personal Investments
Topic: Help with my daughter's 401K
Replies: 11
Views: 527

Re: Help with my daughter's 401K

From the wiki : Even in a bad 401(k), you should contribute up to the company match. Choose the lowest-cost funds; many bad 401(k)'s have a few lower-cost funds. If you are eligible, additional contributions should usually go into a Roth or Traditional IRA. But unless your 401(k) is very bad and yo...
by delamer
Fri Feb 23, 2018 11:22 pm
Forum: Investing - Help with Personal Investments
Topic: Rolling over deceased mom's accounts
Replies: 15
Views: 1220

Re: Rolling over deceased mom's accounts

I am sorry for your loss.

If there is an attorney for the estate, it never hurts to have the attorney send a short letter to or have a brief phone coversation with the brokerage asking for a speedy resolution of all issues related to your mother’s estate.
by delamer
Fri Feb 23, 2018 11:11 pm
Forum: Investing - Help with Personal Investments
Topic: Should I bite the bullet and invest in this market?
Replies: 43
Views: 3247

Re: Should I bite the bullet and invest in this market?

There have been many threads here started by people who have the same fear as you — namely, that the bull market has to be near an end. Those threads go back at least as far back as 2015 . In other words, people were afraid to get back into stocks even 3 years ago. My guess is that they have lots of...
by delamer
Fri Feb 23, 2018 10:41 pm
Forum: Investing - Theory, News & General
Topic: Evidence that retirement account ID theft is increasing
Replies: 21
Views: 3174

Re: Evidence that retirement account ID theft is increasing

So 93% of accounts are a non issue I love people that actively seek out things to worry about. Happy Friday BH! See ya Monday. Nope. The percent of all non-card financial fraud that involved retirement accounts went from 2% to 7%. So if the only two types of fraud were hotel rewards fraud and retir...
by delamer
Fri Feb 23, 2018 10:17 pm
Forum: Investing - Theory, News & General
Topic: What books changed your outlook on how you should invest?
Replies: 38
Views: 2206

Re: What books changed your outlook on how you should invest?

Not a book, but (now retired) Scott Burns’s syndicated personal finance newspaper columns introduced me to index investing.
by delamer
Fri Feb 23, 2018 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Defining "House Poor"
Replies: 129
Views: 6267

Re: Defining "House Poor"

eye.surgeon wrote:
Fri Feb 23, 2018 1:05 pm
anonenigma wrote:
Fri Feb 23, 2018 12:25 pm
I believe it is a variation of "land poor" - European aristocrats who owned land that wasn't productive. Think Chekhov's play, "The Seagull," or even Downtown Abbey.
Downtown Abbey sounds like the more urban, housing-project version of Downton Abbey
:D
by delamer
Fri Feb 23, 2018 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads: What are you doing to prepare for dementia/alzheimers?
Replies: 54
Views: 4356

Re: Bogleheads: What are you doing to prepare for dementia/alzheimers?

You may be young enough to qualify for long-term care insurance. It is expensive and not a complete answer, but it is a safety net. My mother had dementia the last year or so of her life. She had lived in a Continuing Care Retirement Community in an independent apartment for 14 years, and then moved...
by delamer
Fri Feb 23, 2018 11:44 am
Forum: Investing - Help with Personal Investments
Topic: Recent retiree - where to invest today
Replies: 23
Views: 1851

Re: Recent retiree - where to invest today

Not sure if it makes any difference, but my thinking when I put my money on the sideline on January 26, was that I should be satisfied with the money I made in the 7 months prior to then. It was an incredible run, to be up $30,000 from my original investment last July. I kind of felt, why be greedy...
by delamer
Fri Feb 23, 2018 11:26 am
Forum: Investing - Help with Personal Investments
Topic: What do Bogleheads think of Passive income through Dividend Stocks
Replies: 58
Views: 5745

Re: What do Bogleheads think of Passive income through Dividend Stocks

I am student who probably won't have time to work during school. I have enough to pay for tuition in cash. I don't want the rest of my money to just sit in a 2% CD during 4+ years of school and am looking for some passive income for living expenses during school. I think this is a critical statemen...
by delamer
Fri Feb 23, 2018 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Early retirement strategy for wife
Replies: 15
Views: 2015

Re: Early retirement strategy for wife

Why have you chosen not to count income from your commercial building? I can understand discounting it, but excluding it seems severe. Wouldn’t it allow you to contribute some to retirement even if your wife stopped working? I am still having trouble with the taxes being included in your expenses. ...
by delamer
Thu Feb 22, 2018 10:47 pm
Forum: Personal Finance (Not Investing)
Topic: Jumbo Mortgage - Local lender or ConsumerDirect
Replies: 3
Views: 301

Re: Jumbo Mortgage - Local lender or ConsumerDirect

It might be worth paying a bit more in order to have someone local to deal with, if time is important or you have any reason to think there might be glitches in the process.

Otherwise, no reason not to go with online.
by delamer
Thu Feb 22, 2018 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement strategy for wife
Replies: 15
Views: 2015

Re: Early retirement strategy for wife

Why have you chosen not to count income from your commercial building? I can understand discounting it, but excluding it seems severe. Wouldn’t it allow you to contribute some to retirement even if your wife stopped working? I am still having trouble with the taxes being included in your expenses. O...
by delamer
Thu Feb 22, 2018 4:38 pm
Forum: Investing - Help with Personal Investments
Topic: Joint Taxable Account
Replies: 17
Views: 1044

Re: Joint Taxable Account

Considering cost basis if the OP dies first — how is the step up affected if the account is held by the OP only versus jointly?
by delamer
Thu Feb 22, 2018 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement strategy for wife
Replies: 15
Views: 2015

Re: Early retirement strategy for wife

So your yearly expenses are currently $60K including income and payroll taxes? If the taxes are not included in the 60K then you have a distorted picture of your expenses. You can access IRA money before age 59.5 without penalty under the 72(t) rule: https://newdirectionira.com/education/blog-and-ar...
by delamer
Thu Feb 22, 2018 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Pay cash or get mortgage for 2nd home?
Replies: 11
Views: 829

Re: Pay cash or get mortgage for 2nd home?

If you pay cash, how much would that reduce your liquid assets?
by delamer
Thu Feb 22, 2018 3:23 pm
Forum: Investing - Help with Personal Investments
Topic: <gulp> Expensive mistake
Replies: 51
Views: 7941

Re: <gulp> Expensive mistake

Why rely on quarterly paper statements?

Sign up for online TSP access, and check your account after each paycheck to make sure you are seeing what you expected to see.
by delamer
Thu Feb 22, 2018 3:10 pm
Forum: Investing - Theory, News & General
Topic: I'm thinking about buying some real estate to diversify my virtual wealth - agree?
Replies: 17
Views: 1340

Re: I'm thinking about buying some real estate to diversify my virtual wealth - agree?

Let’s say you buy a home that you’ll live in, with no mortgage. So you have eliminated your current rent payment and reduced your monthly cash needs. But that’s it, as far as housing goes. You still have to pay utilities, property taxes, homeowner’s insurance, plus repairs/maintenance to keep the pl...
by delamer
Thu Feb 22, 2018 12:38 pm
Forum: Personal Consumer Issues
Topic: Caribbean Cruise 1st timer Cash or Card?
Replies: 32
Views: 1706

Re: Caribbean Cruise 1st timer Cash or Card?

We have cruised the Caribbean with several different lines. In our experience gratuities to the cruise director and to staff must be cash and can be recommended in the $20 day range. Depending on the cruise line and the "level" of your cabin bottled water may or may not be furnished gratis, or for ...
by delamer
Thu Feb 22, 2018 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance when retiring or self employed before Medicare age?
Replies: 14
Views: 884

Re: Health insurance when retiring or self employed before Medicare age?

Questions for those of you who retired before Medicare age, especially to those who still have dependents. What are you doing for health insurance? Roughly, what type of coverage do you have and what do you pay for it? For those of you that have had individual coverage for a few years, how have the...
by delamer
Wed Feb 21, 2018 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Spending and saving - am I on it, or in for it?
Replies: 25
Views: 3186

Re: Spending and saving - am I on it, or in for it?

It’s not as if I’m investing in the market, people always need rentals (where we live anyway) One more thing. You'll note that there are some on bogleheads that are pretty strongly against real estate. That is not the case for me, I think real estate is fine for investing if you're willing to put i...
by delamer
Wed Feb 21, 2018 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Rant about Savings Rate
Replies: 25
Views: 1911

Re: Rant about Savings Rate

Seems to me that the only thing that matters is whether the dollar amount is on track to meet your objectives. Agreed. What if we have the same salary with no other income. And I save 20% of my earned salary and you save 20% of your salary. Does that mean we are equivalent savers? Maybe. What if yo...
by delamer
Wed Feb 21, 2018 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Spending and saving - am I on it, or in for it?
Replies: 25
Views: 3186

Re: Spending and saving - am I on it, or in for it?

It’s not as if I’m investing in the market, people always need rentals (where we live anyway) One more thing. You'll note that there are some on bogleheads that are pretty strongly against real estate. That is not the case for me, I think real estate is fine for investing if you're willing to put i...
by delamer
Wed Feb 21, 2018 7:17 pm
Forum: Personal Consumer Issues
Topic: Mental Accounting -- How to solve problem
Replies: 31
Views: 2718

Re: Mental Accounting -- How to solve problem

I would aim at having the bonus fit the future year, not the end of the year you are in. That way you could (eventually) have future bumpy expenses covered ahead of time, not trying to catch up at end of the year. Had a young friend who was always running out at end of month, so he would eat out an...
by delamer
Wed Feb 21, 2018 6:10 pm
Forum: Investing - Help with Personal Investments
Topic: Balance in Marriage and Student Loans
Replies: 26
Views: 1767

Re: Balance in Marriage and Student Loans

This is a very personal decision but below is what I would do. $25,000 to emergency fund $63,000 to Parent PLUS loan $12,000 to Private loan Let him then send the $1200/month to the private loan. I would not accelerate payments on a 1% interest loan. If you accumulated $100,000 in the last 5 years ...
by delamer
Wed Feb 21, 2018 5:59 pm
Forum: Investing - Help with Personal Investments
Topic: Advice request: Managing Mom's Money
Replies: 11
Views: 835

Re: Advice request: Managing Mom's Money

Your worry that she will run out of money is well-founded. If she consider at her current rate, she will have nothing left in less than 3 years — especially given that all of the account income is going to fees. Does your mother understand the consequences of her withdrawals? If she isn’t spending a...
by delamer
Wed Feb 21, 2018 5:32 pm
Forum: Personal Consumer Issues
Topic: Alaska Cruise Suggestions
Replies: 23
Views: 1595

Re: Alaska Cruise Suggestions

Wow, thank you your input. This put things in perspective for me. It's looking like it'll be tough to cruise with our infant for the next several years. I was expecting the cruise experience to be mostly in the ship. I didn't think we'd be going in and out of the ship like that. If that's the case,...
by delamer
Tue Feb 20, 2018 10:56 am
Forum: Investing - Help with Personal Investments
Topic: What do Bogleheads think of Passive income through Dividend Stocks
Replies: 58
Views: 5745

Re: What do Bogleheads think of Passive income through Dividend Stocks

Have just skimmed the replies, so this may be repetitive. If you have $50,000 saved for living costs while you are in school and need $100,000, there is no magic formula that will get you the $100,000 via dividend investing or any other means. In fact, when you need to use money within a 5-year peri...
by delamer
Tue Feb 20, 2018 10:48 am
Forum: Personal Consumer Issues
Topic: Alaska Cruise Suggestions
Replies: 23
Views: 1595

Re: Alaska Cruise Suggestions

I wouldn’t do an Alaska cruise if you feel the baby would limit your activities off the ship. You’ll want to do excursions that involve lots of walking or getting on smaller boats, or you’ll miss too much. One of our best memories was getting on a small crabbing boat and then having a crab feast aft...
by delamer
Mon Feb 19, 2018 11:33 am
Forum: Personal Finance (Not Investing)
Topic: I think we can swing this! ($1M retirement home)
Replies: 27
Views: 3286

Re: I think we can swing this! ($1M retirement home)

There doesn’t seem to be any problem with you affording the house. We are having trouble finding a home and location that we want to retire to, so I am envious. :happy However, you should be prepared for the likely scenario that one of you will outlive the other. So run your numbers with DW as the s...
by delamer
Sat Feb 17, 2018 1:30 pm
Forum: Investing - Help with Personal Investments
Topic: Investing vs paying off debt
Replies: 28
Views: 1661

Re: Investing vs paying off debt

Those interest rates are low enough to focus on investing. Should the OP finance the next time they buy furniture, a new computer or remodel their kitchen if they can get a sub 3-4% interest rate? There is a big difference between the cost of furniture/computer versus a kitchen remodel. I wouldn’t ...
by delamer
Fri Feb 16, 2018 9:58 pm
Forum: Investing - Help with Personal Investments
Topic: Investing vs paying off debt
Replies: 28
Views: 1661

Re: Investing vs paying off debt

Some of your expenses seem high, like dental insurance, vision insurance, and water.

Maybe self-insure for dental and/or vision?

The mortgage includes taxes and insurance?
by delamer
Fri Feb 16, 2018 9:39 pm
Forum: Personal Consumer Issues
Topic: Transition from house to apartment
Replies: 28
Views: 2672

Re: Transition from house to apartment

I shared walls with other living units for (too) many years before I got married and was able to afford a single family home. Noise pollution is a fact of life in apartments. There are some things you can do to mitigate it, like remting on the top floor. But due diligence is needed. My in-laws each ...
by delamer
Fri Feb 16, 2018 8:30 pm
Forum: Investing - Help with Personal Investments
Topic: Investing vs paying off debt
Replies: 28
Views: 1661

Re: Investing vs paying off debt

You’d probably be appalled at how much interest you will pay on the car loan if you hold it for the full term, even at 3.3%. I wouldn’t trade it in because of the likely drop in value, plus transaction costs, but I’d try put at least half of that $1,000 toward the loan and keep the car for a long ti...
by delamer
Fri Feb 16, 2018 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Refinance
Replies: 2
Views: 241

Re: Mortgage Refinance

I know the sound advice is to bite the bullet and pay off the $20K over the next couple of years but the interest is just killing me mentally (it will actually be less money than closing costs and appraisal fees but it is the idea that is causing me angst). Our normal mode of operation is not to ca...
by delamer
Thu Feb 15, 2018 8:08 pm
Forum: Investing - Help with Personal Investments
Topic: Disabled and need Investment Advice
Replies: 10
Views: 837

Re: Disabled and need Investment Advice

To be completely honest, you sound like a good candidate for an annuity. I would cash out the retirement assets (avoid penalties but prepare to pay the taxes owed) and buy an annuity for your spouse with the remaining assets. A quick quote shows you would get at least 1500/month or so, which combin...