Search found 4770 matches

by delamer
Wed Jun 20, 2018 11:57 pm
Forum: Investing - Help with Personal Investments
Topic: What should be my stock/bond allocation?
Replies: 8
Views: 682

Re: What should be my stock/bond allocation?

My husband and I just sold our business (we are 52 years old and still have 3 kids to put through college). We would need to live on 5-6% from our investments a year for the next 6 years then hopefully our cost of living will go down. Given the current market, would a 40/60 allocation be appropriat...
by delamer
Wed Jun 20, 2018 11:46 pm
Forum: Investing - Help with Personal Investments
Topic: help, inheritance of $3.5M, read & read BogleH, & still in the dark
Replies: 20
Views: 1785

Re: help, inheritance of $3.5M, read & read BogleH, & still in the dark

Have you looked into the carrying costs of a $1 million dollar home? Property taxes, utilities, insurance, lawn and exterior maintenance, furnishing, and repairs will use a big chunk of your income, even if you don’t have a mortgage. Frankly, it is not consistent with the behavior of someone who con...
by delamer
Wed Jun 20, 2018 7:03 pm
Forum: Investing - Help with Personal Investments
Topic: Continue 529 contributions or pay off rental RE?
Replies: 5
Views: 323

Re: Continue 529 contributions or pay off rental RE?

I am a little confused about the rental. Let’s say you did not do anything to prepay the principal. When would it be paid off? Are you making any profit on it now? You could save $38,000 in interest if you prepaid, but also miss out on any income you’d receive if you invested the funds in the 529. Y...
by delamer
Wed Jun 20, 2018 6:45 pm
Forum: Investing - Help with Personal Investments
Topic: Stock Investments questions and advice?
Replies: 7
Views: 470

Re: Stock Investments questions and advice?

Highly recommend that you read this 16-page paper designed for new investors:

http://www.etf.com/docs/IfYouCan.pdf

Dr. Bernstein is highly regarded by Bogleheads.
by delamer
Wed Jun 20, 2018 3:48 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking Advice For Portfolio Construction
Replies: 2
Views: 151

Re: Seeking Advice For Portfolio Construction

Where does your current income come from? Is it work and/or Social Security? Are there any other sources?

How much income do you hope to get from your $400,000?

Your best portfolio in part rests on how much money you need. And also whether you want to leave a legacy to heirs or a charity.
by delamer
Wed Jun 20, 2018 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: Target Date Fund in Taxable / Large Unrealized Gain Question
Replies: 11
Views: 641

Re: Target Date Fund in Taxable / Large Unrealized Gain Question

You’ll very likely pay 15% on the gains in federal tax. See the table in this article: https://www.fool.com/taxes/2017/12/22/your-guide-to-capital-gains-taxes-in-2018.aspx But you will probably pay NJ state taxes too. Your unrealized gains will continue to accrue so if that is what you want to avoid...
by delamer
Wed Jun 20, 2018 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Tracking spending before retirement useful for estimating retirement expenses?
Replies: 72
Views: 3960

Re: Tracking spending before retirement useful for estimating retirement expenses?

...What's actionable about tracking expenses? And by that I mean details on spending versus the big picture. Our savings (both retirement and non-retirement) comes out first, then spending and usually some is left over that gets added to extra savings or put in a big-ticket item spending account. O...
by delamer
Wed Jun 20, 2018 2:21 pm
Forum: Personal Consumer Issues
Topic: How to evaluate charities to donate to?
Replies: 28
Views: 791

Re: How to evaluate charities to donate to?

I donate anonymously using money orders and keep the receipts with the receiving organization noted.
by delamer
Wed Jun 20, 2018 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Tracking spending before retirement useful for estimating retirement expenses?
Replies: 72
Views: 3960

Re: Tracking spending before retirement useful for estimating retirement expenses?

...What's actionable about tracking expenses? And by that I mean details on spending versus the big picture. Our savings (both retirement and non-retirement) comes out first, then spending and usually some is left over that gets added to extra savings or put in a big-ticket item spending account. O...
by delamer
Wed Jun 20, 2018 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: Retire at 50: Should I?
Replies: 71
Views: 8000

Re: Retire at 50: Should I?

What did we do before the ACA was around? Just get private health insurance from ER to 65? Yes, if people could find it, if it covered pre-existing conditions, and if it was affordable. “Private” isn’t really the right term — individual or non-group coverage are more accurate. The pre-existing cond...
by delamer
Wed Jun 20, 2018 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: I feel like selling my 3 fund
Replies: 57
Views: 7266

Re: I feel like selling my 3 fund

Thank You all for the tremendous support! I have been doing a lot of reading and planning. I am definitely not going to sell anything. About how much are you considering adding to investing from savings, as a lump sum? All my savings at once. I don't need them and have that CD that will mature some...
by delamer
Wed Jun 20, 2018 1:39 pm
Forum: Investing - Help with Personal Investments
Topic: Safe Growth Strategy
Replies: 11
Views: 978

Re: Safe Growth Strategy

Thanks for that information; something I wasn’t familiar with. Basically a zero sum hedge against inflation that preserves what you have along with the liquidity (which to me, means having access to it within a year). By safest, I guess my definition lies somewhere between not losing anything (whic...
by delamer
Tue Jun 19, 2018 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: ARM options, thought process
Replies: 7
Views: 638

Re: ARM options, thought process

I agree with the suggestion above to figure out your new payments at various reset points, taking into account that your new payment will be based on a reduced balance. It is useful to know what your worst-case scenario is under the current loan before making any decisions. You did not say how far y...
by delamer
Tue Jun 19, 2018 10:01 pm
Forum: Investing - Help with Personal Investments
Topic: Safe Growth Strategy
Replies: 11
Views: 978

Re: Safe Growth Strategy

Consider one of the Vanguard LifeStrategy funds. You can choose the option that matches your risk tolerance, and you only need one investment:

https://investor.vanguard.com/mutual-fu ... estrategy/#/
by delamer
Tue Jun 19, 2018 9:49 pm
Forum: Investing - Help with Personal Investments
Topic: Can I break the tape in 5 years?????
Replies: 23
Views: 2507

Re: Can I break the tape in 5 years?????

Is this typical for a bogleheads to be this in doubt? Isn’t over $3m at age 51 a lot of money? :shock: Think of it this way — what if someone came on the forum and said “I weigh 160 pounds. Am I fat?” All of the responses would be “I have no idea. How tall are you?” Similarly, just knowing someone’...
by delamer
Tue Jun 19, 2018 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: I don't trust my own estimate of expenses
Replies: 28
Views: 1941

Re: I don't trust my own estimate of expenses

...Its much better to find your total actual spending and then bring it down than to try to do a bottoms up estimate. How is your spending complicated? In the most simple sense you can calculate your average spending from Spending+Savings = Income What he's saying is, use the Top Down method: Spend...
by delamer
Tue Jun 19, 2018 5:00 pm
Forum: Investing - Help with Personal Investments
Topic: Can I break the tape in 5 years?????
Replies: 23
Views: 2507

Re: Can I break the tape in 5 years?????

Finding a new low-paying and/or low-stress job in your 50’s that includes health insurance for a family is not easy, particularly if you don’t want to work full-time. In 5 years, you’ll still have 9 to 10 years until you are eligible for Medicare. So a “retirement plan” that requires that you hold a...
by delamer
Tue Jun 19, 2018 3:24 pm
Forum: Investing - Help with Personal Investments
Topic: Am I on track to retire at 55?
Replies: 23
Views: 2226

Re: Am I on track to reitre at 55?

One reason to hold out for a full retirement is the continuance of the Federal Employee Health Benefits. That's something to keep in mind as your opportunity for retirement nears. If you are instead intent on an early retirement and don't see the need for the FEHB, I recommend boosting your current...
by delamer
Tue Jun 19, 2018 2:33 pm
Forum: Investing - Help with Personal Investments
Topic: Am I on track to retire at 55?
Replies: 23
Views: 2226

Re: Am I on track to reitre at 55?

One reason to hold out for a full retirement is the continuance of the Federal Employee Health Benefits. That's something to keep in mind as your opportunity for retirement nears. If you are instead intent on an early retirement and don't see the need for the FEHB, I recommend boosting your current...
by delamer
Tue Jun 19, 2018 2:22 pm
Forum: Investing - Help with Personal Investments
Topic: Calculating safe withdrawal rate (dialing it back)
Replies: 8
Views: 1226

Re: Calculating safe withdrawal rate (dialing it back)

I do not have a specific suggestion on how to handle this issue, but — My supposition is that once your kids are raised (college paid for; supporting thenselves), that your expenses will drop substantially. Even if you decide to increase your annual travel budget by quite a bit, it will probably be ...
by delamer
Tue Jun 19, 2018 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: Am I on track to retire at 55?
Replies: 23
Views: 2226

Re: Am I on track to reitre at 55?

What is your Minimum Retirement Age? How much service will you have at that time?

If you can hold out until your MRA+30, your retirement finances will be much simpler.

But maybe that is too late?
by delamer
Tue Jun 19, 2018 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: Arrangements for spouse to manage investments on death
Replies: 15
Views: 816

Re: Arrangements for spouse to manage investments on death

You did not specify about the FA that you talked to, but it does not seem prudent to rely on a sole practitioner FA to carry out a plan for your wife.

You do not want her to be dependent on one individual who may not be around or practicing when the time comes.
by delamer
Tue Jun 19, 2018 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Will or Trust?
Replies: 41
Views: 2422

Re: Will or Trust?

My husband and my assets are not currently in a trust, such as the revocable trust that the OP and his wife apparently have. What my husband and I both have are wills. In those wills are provisions to set up a trust for the surviving spouse if one of us predeceases the other. Should my husband and ...
by delamer
Tue Jun 19, 2018 10:32 am
Forum: Investing - Help with Personal Investments
Topic: Retirement Investing With Healthcare $$ Concerns
Replies: 10
Views: 769

Re: Retirement Investing With Healthcare $$ Concerns

The basic issue is that once your COBRA benefits expire that you need health insurance coverage for your wife for 2.5 years until she is Medicare-eligible, and it is difficult to predict the cost. But the other issues is how you are going to support yourselves once the non-401(k) money is gone in a ...
by delamer
Tue Jun 19, 2018 10:01 am
Forum: Investing - Help with Personal Investments
Topic: Investment Help Retirement implications
Replies: 23
Views: 1382

Re: Investment Help Retirement implications

I didn’t mention my husband’s assets because I was more focused on my asset allocation and situation. His company offers portfolio management by Financial Engines and I do my own to save on management expenses and because the TSP offers limited choices. I was more concerned about cash flow for the ...
by delamer
Tue Jun 19, 2018 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Will or Trust?
Replies: 41
Views: 2422

Re: Will or Trust?

My husband and my assets are not currently in a trust, such as the revocable trust that the OP and his wife apparently have. What my husband and I both have are wills. In those wills are provisions to set up a trust for the surviving spouse if one of us predeceases the other. Should my husband and ...
by delamer
Mon Jun 18, 2018 8:30 pm
Forum: Investing - Help with Personal Investments
Topic: Difference in spouse’s age and asset allocation
Replies: 5
Views: 437

Re: Difference in spouse’s age and asset allocation

Your joint time horizon is more like 50 years, since it is very possible that your wife will live that long. Your allocation also should reflect when you’ll begin withdrawals and how much you will need to withdraw. For instance, if you’ll be able to cover expenses from your wife’s salary and your So...
by delamer
Mon Jun 18, 2018 8:19 pm
Forum: Investing - Help with Personal Investments
Topic: Messy Divorce -- Forensic Accounting Help....
Replies: 120
Views: 9534

Re: Messy Divorce -- Forensic Accounting Help....

I am so sorry; what a kick in the teeth. Random thoughts on the checks: 1. Cash that was being put into a safe deposit box or other secure location (even for a friend to hold). Same with jewelry. 2. Bribes to someone who was covering for her. 3. Repaying parents/others for gifts or loans. 4. Reimbur...
by delamer
Mon Jun 18, 2018 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Help From Cruel Stepmother
Replies: 15
Views: 2464

Re: Trust Help From Cruel Stepmother

I am sorry about your father.

You need a lawyer to represent your interests. I’d get a local attorney in the county where your father lived.

Find one tomorrow. The longer you delay, the more opportunity for your father’s wife to take control and for heirlooms to disappear.
by delamer
Mon Jun 18, 2018 7:46 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Help Retirement implications
Replies: 23
Views: 1382

Re: Investment Help Retirement implications

Other than needing a psychologist, any asset allocation guidance? Are the funds in the inherited IRA or Roth decent funds to stick with? These are holdovers from an old financial planner and I have just let them sit there. I realize the federal benefits changes are not set in stone and may not pass...
by delamer
Mon Jun 18, 2018 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: Will or Trust?
Replies: 41
Views: 2422

Re: Will or Trust?

My husband and my assets are not currently in a trust, such as the revocable trust that the OP and his wife apparently have. What my husband and I both have are wills. In those wills are provisions to set up a trust for the surviving spouse if one of us predeceases the other. Should my husband and I...
by delamer
Mon Jun 18, 2018 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Help Retirement implications
Replies: 23
Views: 1382

Re: Investment Help Retirement implications

Other than needing a psychologist, any asset allocation guidance? Are the funds in the inherited IRA or Roth decent funds to stick with? These are holdovers from an old financial planner and I have just let them sit there. I realize the federal benefits changes are not set in stone and may not pass...
by delamer
Mon Jun 18, 2018 6:25 pm
Forum: Investing - Help with Personal Investments
Topic: Retire at 50: Should I?
Replies: 71
Views: 8000

Re: Retire at 50: Should I?

It looks like you are in good shape. Presumably as two adults with no other obligations, you could cut back on your spending, if that was needed (unlikely), to keep yourselves solvent. With no mortgage and $75K in expenses (excluding health insurance and travel), you probably have some play in your ...
by delamer
Mon Jun 18, 2018 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security advice needed
Replies: 28
Views: 1910

Re: Social Security advice needed

Have you included the likely reduction in benefits in 2034 of 25%? Is it against board guidelines to suggest that the reduction in benefits is hardly "likely"? Good point. That reduction is pretty much assured under current law, if we take the SSA's accounting at face value, which I do... Who would...
by delamer
Mon Jun 18, 2018 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security advice needed
Replies: 28
Views: 1910

Re: Social Security advice needed

Have you included the likely reduction in benefits in 2034 of 25%? Is it against board guidelines to suggest that the reduction in benefits is hardly "likely"? Good point. That reduction is pretty much assured under current law, if we take the SSA's accounting at face value, which I do... Who would...
by delamer
Mon Jun 18, 2018 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Invest more or accelerate mortgage payoff?
Replies: 15
Views: 936

Re: Invest more or accelerate mortgage payoff?

Hard to say without more information — like interest rate on mortgage, level of other savings (by type), other debt, etc. Decisions like this should be made in the context of all your finances. Interest rate on the mortgage is 2.75% for a 7 year ARM. We have about $200k in retirement dedicated acco...
by delamer
Mon Jun 18, 2018 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Invest more or accelerate mortgage payoff?
Replies: 15
Views: 936

Re: Invest more or accelerate mortgage payoff?

Hard to say without more information — like interest rate on mortgage, level of other savings (by type), other debt, etc. Decisions like this should be made in the context of all your finances. Interest rate on the mortgage is 2.75% for a 7 year ARM. We have about $200k in retirement dedicated acco...
by delamer
Mon Jun 18, 2018 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Invest more or accelerate mortgage payoff?
Replies: 15
Views: 936

Re: Invest more or accelerate mortgage payoff?

Hard to say without more information — like interest rate on mortgage, level of other savings (by type), other debt, etc.

Decisions like this should be made in the context of all your finances.
by delamer
Mon Jun 18, 2018 4:17 pm
Forum: Personal Consumer Issues
Topic: "distilled" water for wife's CPAP machine
Replies: 39
Views: 2437

Re: "distilled" water for wife's CPAP machine

I am honestly dumbfounded that someone would ask this about something that costs a few pennies a day.
by delamer
Mon Jun 18, 2018 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: [Flawed?] Paying off mortgage in 5 years
Replies: 39
Views: 3340

Re: Using HELOC to pay off mortgage in 7 years?

This is a long known scam where you pay someone to teach you this idea which played on the average persons inability to do basic math and their ignorance about how a mortgage and helix works. No it is not a good idea..... I'm still scratching my head about why this is even supposed to work!? Unless...
by delamer
Mon Jun 18, 2018 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Will or Trust?
Replies: 41
Views: 2422

Re: Will or Trust?

Our two children are a couple years younger than yours. Our assets are roughly the same.

There is no way I’d hand that kind of money over to a couple of young adults, regardless of how responsible they were.

Keep the trusts.
by delamer
Mon Jun 18, 2018 3:30 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Help Retirement implications
Replies: 23
Views: 1382

Re: Investment Help Retirement implications

If you husband brings home $4,000/month and your expenses are $4,000/month, why are you scared to retire? Seems like your pension is a nice bonus. At your age, you can take about $25,000/year out of TSP and have a very low chance of running out of money. Your TSP allocation is fine if that is the ri...
by delamer
Mon Jun 18, 2018 2:44 pm
Forum: Investing - Theory, News & General
Topic: What does it mean: Rule No. 1: Never lose money
Replies: 66
Views: 5123

Re: What does it mean: Rule No. 1: Never lose money

Sounds sardonic to me.

As in “grimly mocking or cynical.”

Who has invested in anything other than cash equivalents and not lost money at some point?
by delamer
Mon Jun 18, 2018 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Tracking spending before retirement useful for estimating retirement expenses?
Replies: 72
Views: 3960

Re: Tracking spending before retirement useful for estimating retirement expenses?

It seems that the OP’s real question is “How do we estimate retirement expenses when we are moving to a much more expensive area?”
by delamer
Mon Jun 18, 2018 2:25 pm
Forum: Investing - Help with Personal Investments
Topic: Diversify within Roth account?
Replies: 14
Views: 928

Re: Diversify within Roth account?

Ok - "bet" was the wrong choice of wording. My point is that twenty years from now, I'll look back on the international investment and see that I either chose wisely, or not. If my entire Roth was in one International index fund, and that fund had zero or negative growth over twenty years, then I w...
by delamer
Mon Jun 18, 2018 9:32 am
Forum: Investing - Help with Personal Investments
Topic: Diversify within Roth account?
Replies: 14
Views: 928

Re: Diversify within Roth account?

Not sure what you mean by this:

“If I'm wrong on this International "bet", it will hurt doubly so because it is in a Roth.”
by delamer
Mon Jun 18, 2018 9:18 am
Forum: Investing - Help with Personal Investments
Topic: How to prioritize paying down loans vs. savings
Replies: 9
Views: 1086

Re: How to prioritize paying down loans vs. savings

Does your company match your 401k? Up to what percent? Your spouse puts 3% of their income into a regular (not tax differed) account? Why? Why not pay those student loans and make a guaranteed 6.5% return? You are still a couple of months from emergency funded? My suggestions. Your 401k up to match...
by delamer
Mon Jun 18, 2018 9:09 am
Forum: Investing - Theory, News & General
Topic: Which boglehead rule do you break--and are ok with
Replies: 151
Views: 10815

Re: Which boglehead rule do you break--and are ok with

While all my investments are aligned with boglehead principles (low cost, broad based market index funds with tax efficient placement), almost everything else in my life is un-bogleheadish e.g. frequent eating out, expensive clothing, cars, vacations etc. I have tried to be more frugal, reduce/elim...
by delamer
Mon Jun 18, 2018 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Looking for BLS data on retiree health costs
Replies: 8
Views: 688

Re: Looking for BLS data on retiree health costs

See page 19: https://www.bls.gov/opub/reports/consumer-expenditures/2016/pdf/home.pdf I'm curious whether that includes the cost of Medicare / supplement / Part D / etc. The ~$6000 average for the 65+ seems too low to include the insurance / Medicare cost. The survey does request information on the...
by delamer
Sun Jun 17, 2018 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for BLS data on retiree health costs
Replies: 8
Views: 688

Re: Looking for BLS data on retiree health costs

See page 19: https://www.bls.gov/opub/reports/consumer-expenditures/2016/pdf/home.pdf I'm curious whether that includes the cost of Medicare / supplement / Part D / etc. The ~$6000 average for the 65+ seems too low to include the insurance / Medicare cost. The survey does request information on the...