Search found 5826 matches

by delamer
Tue Sep 25, 2018 11:33 pm
Forum: Personal Finance (Not Investing)
Topic: Suggestions for Online Banking (Having Problems w/ USAA)
Replies: 5
Views: 261

Re: Suggestions for Online Banking (Having Problems w/ USAA)

We’ve had checking at USAA for over 20 years, and have had a $5,000 transfer out limit for as long as I can remember.

So now I am wondering why you didn’t.

I always assumed they had a limit to reduce their liability in case of identity thrft.
by delamer
Tue Sep 25, 2018 9:32 pm
Forum: Investing - Help with Personal Investments
Topic: Helping a sibling
Replies: 8
Views: 1081

Re: Helping a sibling

Is it possible that they would benefit from using a financial company with a local office that they could visit? If they have a Schwab or Fidelity office nearby, maybe you could suggest making an appointment to make arrangements to transfer out of EJ. Some people do better person-to-person and are m...
by delamer
Tue Sep 25, 2018 7:53 pm
Forum: Investing - Help with Personal Investments
Topic: SIL - 25x vs firecalc
Replies: 15
Views: 1328

Re: SIL - 25x vs firecalc

How's her health? And what would she get in social security if she delays it to later? If she's generally healthy, delaying SS is likely the best way she can invest her spare cash. And given her financial skills and habits, I suspect it'd be the best way to ensure she has money at an older age. The...
by delamer
Tue Sep 25, 2018 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Home purchase and 401K loan..
Replies: 5
Views: 501

Re: Home purchase and 401K loan..

My thinking was, I can pay back 401K when I get more funds...Basically using the tax free loan. ( I understand I pay interest from after tax $$ ) This way I have cash on hand for emergency. But why not wait until you have an emergency to take the loan? It is extremely rare that you need $50,000 so ...
by delamer
Tue Sep 25, 2018 6:50 pm
Forum: Investing - Help with Personal Investments
Topic: SIL - 25x vs firecalc
Replies: 15
Views: 1328

Re: SIL - 25x vs firecalc

How's her health? And what would she get in social security if she delays it to later? If she's generally healthy, delaying SS is likely the best way she can invest her spare cash. And given her financial skills and habits, I suspect it'd be the best way to ensure she has money at an older age. The...
by delamer
Tue Sep 25, 2018 4:38 pm
Forum: Investing - Help with Personal Investments
Topic: SIL - 25x vs firecalc
Replies: 15
Views: 1328

Re: SIL - 25x vs firecalc

She needs to take $20,000 from the portfolio over the next 3 years in order to spend $40,000 per year. That’s almost 1/4 of her portfolio and she will be down to $190,000 at 65 (assuming the return keeps pace with inflation). Or about $8,000 per year at a 4% withdrawal. Is the pension inflation adju...
by delamer
Tue Sep 25, 2018 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Trustee for sixty something sister
Replies: 22
Views: 2005

Re: Trustee for sixty something sister

Better to pay high management fees to a corporate trustree than to stress yourself out about your sister’s behavior. I also am guessing your parents would be willing to pay fees to ensure that all the inheritance doesn’t disappear or get spent frivolously. In other words, sometimes the best way to s...
by delamer
Tue Sep 25, 2018 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Home purchase and 401K loan..
Replies: 5
Views: 501

Re: Home purchase and 401K loan..

Jobs is OK. Will get 130K plus in severance if anything happens.. My overall expense will go up by 1K by buying a house and will be left with emergency fund enough for 4 months.. It will be replenished for 7 months in Jan when I get my bonus.. I have car loan of about 25K. I wouldn’t bother with th...
by delamer
Tue Sep 25, 2018 3:36 pm
Forum: Investing - Theory, News & General
Topic: Inflation and withdrawal from portfolio
Replies: 23
Views: 802

Re: Inflation and withdrawal from portfolio

My brother in law is retired. He told me he uses 33% of what his portfolio generates ( cap gains , dividends and interest) every year for his expenses. He reinvests all capital gains and a portion of the dividends and interest. We are trying to figure out what you are saying here. How does his port...
by delamer
Tue Sep 25, 2018 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage application: Disclosing All Assets?
Replies: 16
Views: 1601

Re: Mortgage application: Disclosing All Assets?

Banker here. Technically you're pledging that you are disclosing all income and assets on a URLA mortgage application when you sign at the bottom, but in practice many people leave off some assets (and even debts, which we later discover on the credit reports). Leaving off some retirement assets is...
by delamer
Tue Sep 25, 2018 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Home purchase and 401K loan..
Replies: 5
Views: 501

Re: Home purchase and 401K loan..

Two other questions —

How much will your total monthly expenses be, with the new mortgage?

How secure is your job?
by delamer
Tue Sep 25, 2018 1:52 pm
Forum: Investing - Theory, News & General
Topic: Inflation and withdrawal from portfolio
Replies: 23
Views: 802

Re: Inflation and withdrawal from portfolio

He should become familiar with the concept of “safe withdrawal rates.”

Here is some information from the wiki: https://www.bogleheads.org/wiki/Safe_withdrawal_rates

He is being extremely conservative with his current system.
by delamer
Tue Sep 25, 2018 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Mom died, financial guidance welcome.
Replies: 21
Views: 3109

Re: Mom died, financial guidance welcome.

I don’t know if it is possible to pull a credit report for someone who is deceased, but it would list all of her debts. No. The loans would most likely be on there, and it would let them know what the active credit cards accounts are, but that's about it. Wouldn’t credit cards plus other loans be h...
by delamer
Tue Sep 25, 2018 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Mom died, financial guidance welcome.
Replies: 21
Views: 3109

Re: Mom died, financial guidance welcome.

I don’t know if it is possible to pull a credit report for someone who is deceased, but it would list all of her debts. No. The loans would most likely be on there, and it would let them know what the active credit cards accounts are, but that's about it. Wouldn’t credit cards plus other loans be h...
by delamer
Tue Sep 25, 2018 1:33 pm
Forum: Investing - Help with Personal Investments
Topic: Early mortgage payoff- a hoax?
Replies: 11
Views: 1266

Re: Early mortgage payoff- a hoax?

The interest applies to the outstanding balance. You pay more interest at the beginning because the balance is larger at the beginning. But the rate remains a constant 3%. Correct. If you currently owe $100,000 with a 3% interest rate, you’ll pay $250 in interest next month. 100,000 X (.03/12) = 25...
by delamer
Tue Sep 25, 2018 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Comparing Fed vs. Contracting Job Compensation
Replies: 11
Views: 500

Re: Comparing Fed vs. Contracting Job Compensation

For most people in normal jobs, the benefits cannot be beat. FERS and TSP are both incredible benefits. Paid holidays and flexibility are great. You can carry life insurance through retirement until death for both you and your spouse, as others have detailed above. That might honestly be the bigges...
by delamer
Tue Sep 25, 2018 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Comparing Fed vs. Contracting Job Compensation
Replies: 11
Views: 500

Re: Comparing Fed vs. Contracting Job Compensation

I'm not the OP, but I've been looking at Fed jobs recently. I've seen both the 5 and the 10 year numbers for qualifying for early retirement. Does this vary by position? Also, does health insurance coverage continue after early retirement? I'm having a heck of a time sorting through the info availa...
by delamer
Tue Sep 25, 2018 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Comparing Fed vs. Contracting Job Compensation
Replies: 11
Views: 500

Re: Comparing Fed vs. Contracting Job Compensation

You can retire with a pension with 10 years of service at your minimum retirement age (varies by birth year; roughly 56). But the pension will be small. For the type of work you do, you are basically trading the higher salary in the private sector for more security and generally better benefits in w...
by delamer
Mon Sep 24, 2018 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage application: Disclosing All Assets?
Replies: 16
Views: 1601

Re: Mortgage application: Disclosing All Assets?

We were asked about accounts we didn't list on our application in 2015. They found them. Tax-deferred accounts from which you were not taking withdrawals? My memory isn't that good. I just remember being surprised that they asked about accounts we had either forgotten / decided not to include. In o...
by delamer
Mon Sep 24, 2018 5:09 pm
Forum: Investing - Help with Personal Investments
Topic: To rent out our house or not
Replies: 25
Views: 1319

Re: To rent out our house or not

How much of your net worth would be tied up in the rental property? If you are going to buy in the new city, how much of your net worth would be tied up in residential real estate? About a third of net worth would be tied up in current property. Maybe a fifth would be tied up in the new city. So a ...
by delamer
Mon Sep 24, 2018 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Options on how to finance a new home without selling existing home?
Replies: 2
Views: 310

Re: Options on how to finance a new home without selling existing home?

You could take a cashout first mortgage on your current home and use it to buy your new home.
by delamer
Mon Sep 24, 2018 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: To rent out our house or not
Replies: 25
Views: 1319

Re: To rent out our house or not

How much of your net worth would be tied up in the rental property?

If you are going to buy in the new city, how much of your net worth would be tied up in residential real estate?
by delamer
Mon Sep 24, 2018 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Mom died, financial guidance welcome.
Replies: 21
Views: 3109

Re: Mom died, financial guidance welcome.

Thanks for the responses so far. Unfortunately, I have very little information. My sister dug through mail at my moms house. It appears that after the financial collapse my mom did some kind of refinancing/restructuring of her debt, perhaps through a government program of some kind. My sister belie...
by delamer
Mon Sep 24, 2018 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage application: Disclosing All Assets?
Replies: 16
Views: 1601

Re: Mortgage application: Disclosing All Assets?

annielouise wrote:
Mon Sep 24, 2018 1:19 pm
We were asked about accounts we didn't list on our application in 2015. They found them.
Tax-deferred accounts from which you were not taking withdrawals?
by delamer
Mon Sep 24, 2018 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage application: Disclosing All Assets?
Replies: 16
Views: 1601

Re: Mortgage application: Disclosing All Assets?

Banker here. Technically you're pledging that you are disclosing all income and assets on a URLA mortgage application when you sign at the bottom, but in practice many people leave off some assets (and even debts, which we later discover on the credit reports). Leaving off some retirement assets is...
by delamer
Mon Sep 24, 2018 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Long Term Care
Replies: 77
Views: 3683

Re: Long Term Care

I've been retired for several years so have read all the posts on LTC here and have considered this question multiple times. I have half the number of people, half the assets, and half the annual retirement income, and I feel very comfortable self insuring. It is easier to make the decision to self...
by delamer
Mon Sep 24, 2018 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Debt pay off with taxable stocks or ira?
Replies: 5
Views: 439

Re: Debt pay off with taxable stocks or ira?

Could you distribute the withdrawals between the two accounts to reduce the tax hit?
by delamer
Mon Sep 24, 2018 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage application: Disclosing All Assets?
Replies: 16
Views: 1601

Mortgage application: Disclosing All Assets?

My husband and I expect to be applying for a mortgage for a 2nd/retirement home within the next few months. Here are the major income and assets that we have (parentheses show number of sources/accounts between us): W-2 salary (1) Monthly pension (1) IRAs (3) 401(k) plans (2) Taxable portfolio (1) W...
by delamer
Sun Sep 23, 2018 11:03 pm
Forum: Investing - Help with Personal Investments
Topic: Take out 15 year Mortgage in time we have left?
Replies: 5
Views: 1037

Re: Take out 15 year Mortgage in time we have left?

Here’s how I’d look at the decision, whether you keep the same mortgage or refi. There is no obvious answer — Would you be able to pay off the mortgage by the time you are both fully retired if you dropped your retirement contributions? **If no, then what would be the advantage of prepaying? **If ye...
by delamer
Sun Sep 23, 2018 10:33 pm
Forum: Investing - Theory, News & General
Topic: Another SS question - unique situation
Replies: 5
Views: 983

Re: Another SS question - unique situation

A widow/widower has to be age 60 to get survivor benefits.

(Earlier if disabled or caring for minor children.)

ssa.gov has plenty of information on this topic.
by delamer
Sun Sep 23, 2018 10:26 pm
Forum: Investing - Help with Personal Investments
Topic: How much is too much in one stock?
Replies: 13
Views: 1436

Re: How much is too much in one stock?

Another related thought —

I inherited a portfolio with quite a few individual stocks. One of the first actions that I took was to get rid of stocks with small positions (like less than $10,000), just to simplify the portfolio.
by delamer
Sun Sep 23, 2018 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care
Replies: 77
Views: 3683

Re: Long Term Care

National Guardian and One America. I show both to my clients. One big obstacle however, is about 30% of those that apply can't qualify medically. Make sure you talk with a independent broker and let them ask about medical history. We often submit preliminary info to the insurer to get an idea of in...
by delamer
Sun Sep 23, 2018 6:06 pm
Forum: Investing - Help with Personal Investments
Topic: How much is too much in one stock?
Replies: 13
Views: 1436

Re: How much is too much in one stock?

vineviz wrote:
Sun Sep 23, 2018 6:03 pm
I wouldn’t worry about any stock worth less than 5% of the total portfolio, unless maybe if you had more than two in the same industry or sector.
I agree.
by delamer
Sun Sep 23, 2018 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care
Replies: 77
Views: 3683

Re: Long Term Care

Are there any long-term care policies? The ones I've seen are called long-term but are really short-term, only covering the first few years. A long-term policy would cover an unlimited amount of time, but not the first few years. This is exactly the type if policy that I’d like. We can self insure ...
by delamer
Sun Sep 23, 2018 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care
Replies: 77
Views: 3683

Re: Long Term Care

There are "long term" policies that will pay benefits for life. Self insuring is great as long as you don't need it. If you do have insurance after a few months of claims all premiums are more than returned in the form of claims. Self insuring can cost much more if one goes on claim. There are some...
by delamer
Sun Sep 23, 2018 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care
Replies: 77
Views: 3683

Re: Long Term Care

Assisted living in San Diego costs about $120k/year for a couple. A nursing home costs more, but with hospice and a DNR it shouldn't be necessary. LTC insurance is paid from day one and may not be needed by both of you or even one of you. And the contract tells you when you'll be eligible to collec...
by delamer
Sat Sep 22, 2018 9:08 pm
Forum: Investing - Help with Personal Investments
Topic: Mom's Estate: Can you help please?
Replies: 44
Views: 1988

Re: Mom's Estate: Can you help please?

The first ADT necklace we had produced a lot of false positives, so we had them send a new one. Much improved, and truly a lifesaver as she fell on the garage floor. Unfortunate that she cannot live on one floor. Do any of her friends live in retirement homes that allow the transition to AL? Can yo...
by delamer
Sat Sep 22, 2018 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: How to fund education for grandchildren: various strategies? Help?
Replies: 23
Views: 1268

Re: How to fund education for grandchildren: various strategies? Help?

First step is to consilt with your sons to see if they have preferences. You can certainly limit their options, but it is unfair to set up any investments for their children without giving them a chance to weigh in. Your decisions can have tax implications for them and/or affect how they invest any...
by delamer
Sat Sep 22, 2018 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: How to fund education for grandchildren: various strategies? Help?
Replies: 23
Views: 1268

Re: How to fund education for grandchildren: various strategies? Help?

I am one of those who uses the expression "man plans and God laughs". If you could afford it I just think it's best to pay for it when the time comes. You can write the check directly to the educational Institution. But this gets back to my point about allowing the parents to plan. “I’ll write a ch...
by delamer
Sat Sep 22, 2018 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: How to fund education for grandchildren: various strategies? Help?
Replies: 23
Views: 1268

Re: How to fund education for grandchildren: various strategies? Help?

First step is to consilt with your sons to see if they have preferences. You can certainly limit their options, but it is unfair to set up any investments for their children without giving them a chance to weigh in. Your decisions can have tax implications for them and/or affect how they invest any ...
by delamer
Sat Sep 22, 2018 11:33 am
Forum: Investing - Theory, News & General
Topic: Time periods for personal investment
Replies: 25
Views: 1650

Re: Time periods for personal investment

Your #1 implies a binary decision on investing in stocks — either you do or you don’t, rather than a possible continuum from 0% to 100% for stock allocation.

Are you asking at what time horizon I’d invest any money in stocks?
by delamer
Sat Sep 22, 2018 11:27 am
Forum: Investing - Help with Personal Investments
Topic: How do I allocate social security in retirement?
Replies: 19
Views: 1779

Re: How do I allocate social security in retirement?

The degree to which Social Security benefits cover your expenses in retirement is a more important factor in deciding on an allocation.

If SS covers 80% of your expenses you should invest differently than if it covers 20% of your expenses.
by delamer
Fri Sep 21, 2018 3:48 pm
Forum: Investing - Help with Personal Investments
Topic: Timing vs planning -- what would you do?
Replies: 8
Views: 631

Re: Timing vs planning -- what would you do?

This is not something we are doing at roughly the same age (although much closer to retirement.). It is market timing. This best thing you can do as you approach retirement is to get a good handle on your expected expenses and your expected income (from Social Security, pensions, investments). The a...
by delamer
Fri Sep 21, 2018 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: HELOC as a bonds replacement for drawing down from in a downturn?
Replies: 36
Views: 2167

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

It's good question. I never had the need to access my emergency funds. BofA never closed the account, even during the financial crisis. I doubt it would have been difficult to access the fund if I did need them. The HELOC came with checks, a VISA or I could have had the $$ directly deposited into m...
by delamer
Fri Sep 21, 2018 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement investing help...please
Replies: 7
Views: 457

Re: Retirement investing help...please

Good for for you for getting her way from EJ. Is she withdrawing 5% of the assets now at Schwab or is she withdrawing 5% of the total $460,000? If she is market phobic, then her comfort level with stocks is the most important factor in determining her stock allocation. You could suggest a fund-of-f...
by delamer
Fri Sep 21, 2018 1:49 pm
Forum: Investing - Help with Personal Investments
Topic: Proposed Retirement Portfolio Critique Solicited
Replies: 7
Views: 737

Re: Proposed Retirement Portfolio Critique Solicite

Even if this portfolio was absolutely appropriate in terms of allocation (stocks/bonds) and number of funds, there are many similar funds/ETFs that have much lower ERs that would accomplish the same thing. Vanguard, for example, has similar funds that are available with ERs of 0.1% or less. That sai...
by delamer
Fri Sep 21, 2018 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement investing help...please
Replies: 7
Views: 457

Re: Retirement investing help...please

Good for for you for getting her way from EJ. Is she withdrawing 5% of the assets now at Schwab or is she withdrawing 5% of the total $460,000? If she is market phobic, then her comfort level with stocks is the most important factor in determining her stock allocation. You could suggest a fund-of-fu...
by delamer
Fri Sep 21, 2018 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Rate our 5 yr plan and beyond
Replies: 25
Views: 1468

Re: Rate our 5 yr plan and beyond

What are your priorities? Is it for your wife to be able to find a job with a shorter commute, even if it means less money? It is to be able to afford a child in 4 years? Why 4 years? How will you afford child care with a reduced income? Is it for you to be able to retire/take a pay cut at 55? Is t...
by delamer
Thu Sep 20, 2018 9:35 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice. 3 fund?
Replies: 7
Views: 872

Re: Portfolio advice. 3 fund?

Is this money you are saving for retirement, or is it for some other purpose?
by delamer
Thu Sep 20, 2018 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Best Way to Apply for Social Security Widow Benefits and More
Replies: 14
Views: 1068

Re: Best Way to Apply for Social Security Widow Benefits and More

Hello - Sorry for your loss. I believe I can answer question 1. You may take a spousal benefit at anytime beginning at age 62 if your spouse has begun their worker benefit (but it is discounted if you start it prior to your FRA) and it does not grow if you start the spousal benefit after your FRA. ...