Search found 74 matches

by HJG0989
Fri Dec 15, 2017 3:08 am
Forum: Investing - Help with Personal Investments
Topic: Reached 50X annual spending. Now what?
Replies: 56
Views: 5749

Re: Reached 50X annual spending. Now what?

Nothing substantive to add on this, but wanted to say congratulations. That is pretty amazing. Well done. ^ this. Live it up. Just read your post and wanted to say congratulations. I say you throw a party every single day for the next 10 years to celebrate. 50x annual spending is nuts. Yes, congrat...
by HJG0989
Thu Dec 14, 2017 11:06 pm
Forum: Investing - Help with Personal Investments
Topic: Where do I put 50k I don't need?
Replies: 25
Views: 2764

Re: Where do I put 50k I don't need?

I use Vanguard's Wellesley fund for money like this. It's conservatively invested in dividend paying stocks and bonds. It does throw off taxable income if not in a tax sheltered account. I just moved the rest of my money from Vanguard to Fidelity so I will lose the admiral E/R, but I think it will b...
by HJG0989
Fri Dec 08, 2017 6:26 pm
Forum: Investing - Help with Personal Investments
Topic: Retire in my early 40s? Crazy or actually doable?
Replies: 71
Views: 8758

Re: Retire in my early 40s? Crazy or actually doable?

Yes, come on in the water is great! I didn't retire until I was 56, I would have gone sooner but needed 20 years of service to get subsidized health care. I was worried I wouldn't have friends to do things with but I joined a meet up group and met a lot of great people. Most of them still work, but ...
by HJG0989
Tue Feb 24, 2015 10:37 am
Forum: Investing - Help with Personal Investments
Topic: Breaking up with a Financial Advisor help?
Replies: 17
Views: 1869

Re: Breaking up with a Financial Advisor help?

3. As soon as those accounts are opened, and you have account numbers, call your current financial advisor and tell them you'd like to transfer your existing IRAs to Vanguard, where you plan to manage them yourself. Don't wait until later in 2015 / early 2016. Your current Financial Salesperson is ...
by HJG0989
Wed Feb 11, 2015 8:19 pm
Forum: Investing - Help with Personal Investments
Topic: Excess 2014 Roth contribution already did 2015
Replies: 10
Views: 1425

Re: Excess 2014 Roth contribution already did 2015

I did the exact same thing 2 years ago. Since it wasn't a large amount of money, I had Vanguard cash it out and I paid the penalty.
by HJG0989
Wed Jan 21, 2015 12:14 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity Concerns
Replies: 8
Views: 910

Re: Annuity Concerns

It is reasonable to annuitize up to 50% of the nest egg with SPIAS but in their case 50% seems aggressive due to their other guaranteed income. In their case I'd probably do no more than 25%, no one knows what interest rates are going to do (they are lower than last year and everyone thought they w...
by HJG0989
Tue Jan 13, 2015 9:06 pm
Forum: Investing - Help with Personal Investments
Topic: I have to leave Ameriprise
Replies: 23
Views: 5533

Re: I have to leave Ameriprise

We just went through a Medallion signature last week. Our credit union did it for free, but since the account we were transferring was over $250k, we had to go to a specific person who had the authority. They did not hassle us to let them manage the money for us.
by HJG0989
Thu Jan 08, 2015 10:56 am
Forum: Investing - Help with Personal Investments
Topic: Is Roth 401k better even if future tax bracket is lower?
Replies: 35
Views: 5055

Re: Is Roth 401k better even if future tax bracket is lower?

Folks, I contribute to the max 24K on the Traditional 401K. And, 2 X Roth IRA of 6.5K each. Does that mean I cannot contribute to Roth 401K?? Or, I can contribute another 24K to the Roth 401K?? Thanks. KlangFool No you can't max out both; unfortunately the limit is a 401k limit whether is be tradit...
by HJG0989
Thu Jan 08, 2015 10:42 am
Forum: Investing - Help with Personal Investments
Topic: stinky HSA
Replies: 16
Views: 3538

Re: stinky HSA

Most HSA custodians are lousy. You just need to do the transfer to a better one periodically. My employer this year switched from one lousy one to an even lousier one. Employers are lowering costs but luckily the market responds. I agree and it really ticks me off. I wish the TSP was open to everyo...
by HJG0989
Thu Jan 08, 2015 10:33 am
Forum: Investing - Help with Personal Investments
Topic: What to expect from fee based adviser?
Replies: 11
Views: 1589

Re: What to expect from fee based adviser?

I went to a fee only advisor (through the Garrett Financial Planning Network) and ended up getting my money back. The plan was filled with errors. The truth is, in order to assess whether your financial planner is good or not you need to know enough to do the planning yourself. What kind of issues a...
by HJG0989
Thu Jan 08, 2015 10:14 am
Forum: Investing - Help with Personal Investments
Topic: 50/50 simplicity
Replies: 25
Views: 4269

Re: 50/50 simplicity

why is 50/50 simpler than 60/40. or 90/10. Actually 100/0 or 0/100 seems the simplest. why is the goal to be simple? Quick, rebalance $188k 60/40.... Now do it 50/50.... But yes, 0/100 or 100/0 are the simplest... Quick... why is the goal to be simple. That's the part I do not understand. If I can ...
by HJG0989
Thu Jan 08, 2015 9:54 am
Forum: Investing - Help with Personal Investments
Topic: Examples of load-only fund families?
Replies: 36
Views: 3541

Re: Examples of load-only fund families?

Load funds usually have high expense ratios. It actually might not be worth the tax break. How long do you think you'll be with this company?
by HJG0989
Wed Jan 07, 2015 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with my stupid losses?
Replies: 16
Views: 1934

Re: What to do with my stupid losses?

So, I was stupid enough to get caught up in the marijuana penny stock hype, and lost ~1000. Being that it's now after the first of the year, do I just hold these (since I don't need the remaining $30 for anything) and hope they go up at some point, assuming that if they don't I will sell them befor...
by HJG0989
Fri Dec 19, 2014 4:01 pm
Forum: Investing - Help with Personal Investments
Topic: Looking to move inheritance from high-fee advisor
Replies: 30
Views: 3739

Re: Looking to move inheritance from high-fee advisor

Be sure to know the tax impact of selling any of the investments before you sell them. Sometimes it is better to stay with a less than ideal investment, even if you move them to a better place, just because of the tax costs. In other situations it could take a long time to break even but you likely...
by HJG0989
Mon Mar 10, 2014 3:26 am
Forum: Investing - Theory, News & General
Topic: Poll: When did you retire? Would you do it all over again ?
Replies: 103
Views: 15362

Re: Poll: When did you retire? Would you do it all over agai

I retired last May on my 56th birthday. I have not once regretted that decision. I have more time to exercise, eat healthier and sleep. In addition, I have been doing some fantastic trips (I just got back from a 19 day adventure (hang gliding, white water rafting, backpacking, sea kayaking, swim wit...
by HJG0989
Wed Dec 11, 2013 11:07 am
Forum: Investing - Help with Personal Investments
Topic: I just inherited $1 million
Replies: 65
Views: 12809

Re: I just inherited $1 million

if they're in community property state, the inheritance is 50 % his...just saying. Not according to this: m In community property states, the following is separate property: •gifts given to one spouse •property either spouse owned before the marriage and kept separate during the marriage, and •inhe...
by HJG0989
Tue Dec 10, 2013 12:06 am
Forum: Investing - Help with Personal Investments
Topic: Investing at end of year
Replies: 35
Views: 3825

Re: Investing at end of year

This was a very timely read for me. I have a large position in a single company. The stock price has had a large run up recently. I was going to sell about $200k of the stock and immediately purchase $200k of the Spartan Total Stock Mkt. Index Fund tomorrow morning. I could sell the stock and sit on...
by HJG0989
Sat Sep 28, 2013 8:51 am
Forum: Investing - Help with Personal Investments
Topic: How Close Are You To Your Number and Financial Independence?
Replies: 71
Views: 8018

Re: How Close Are You To Your Number and Financial Independe

Hit the number a few years ago and retired 4 months ago at age 56. Life is good!!!!
by HJG0989
Sat Oct 13, 2012 4:11 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation- just retired at 50
Replies: 26
Views: 4246

Re: Asset allocation- just retired at 50

Well I have 1.4 m in taxable 600k in equities and 800K in short and intermediate muni funds. I also have a year of withdrawals in a savings account. I also have 1.8 m in retirement accounts At 2.5% w/d rate should give ~80k/yr for 40yrs. Throw in kids(?), house(?), significant other (?), insurance ...
by HJG0989
Thu Sep 27, 2012 10:56 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review. 25 MILLION windfall; help me not lose it
Replies: 58
Views: 13737

Re: Portfolio Review. 25 MILLION windfall; help me not lose

Step 1. Move out of CA. Why pay 9% of your going forward income to the state? Even if you have to move your parents and others out of the state with you. Go to a low tax state. This would be your biggest expense saving available. With the kind of money the OP has, I think I would live where ever I ...
by HJG0989
Thu Jul 19, 2012 10:50 pm
Forum: Investing - Help with Personal Investments
Topic: Personal Investment help - what firm?
Replies: 8
Views: 848

Re: Personal Investment help - what firm?

So, my question. I was going to open with ML. they are going to charge me $50 a year for the mutual fund and no anuual fees for the 529 and ROTHs. I am quite sure that the $50 is the account fee. Where they make their money is by putting you in mutual funds that have a sales fee (load) and high exp...
by HJG0989
Thu Jul 19, 2012 10:42 pm
Forum: Investing - Help with Personal Investments
Topic: 100% stocks after retiring?
Replies: 57
Views: 5685

Re: 100% stocks after retiring?

OP, my parents lived off my Dad's pension and Social Security and let the stocks ride. As the dividends piled up they did start stashing some in CDs and their checking and savings accounts had a lot of cash. However, here is a quote to think about: "Anyone who bought stocks in mid-1929 and held...
by HJG0989
Thu Jul 19, 2012 8:26 pm
Forum: Investing - Help with Personal Investments
Topic: Stock inheritance
Replies: 32
Views: 3671

Re: Stock inheritance

I'm in a similar situation with a large inheritance, and a big percentage of it is in one stock. I received it after my Mother passed away. I didn't do anything with it initially, but it has been 2.5 years now and I need to start selling some every month and move it to a total market index fund. OP,...
by HJG0989
Mon Jul 16, 2012 11:14 pm
Forum: Investing - Help with Personal Investments
Topic: Fee Only Advisor in Charlotte, NC?
Replies: 12
Views: 1383

Re: Fee Only Advisor in Charlotte, NC?

Please note that the OP stated that "doing Vanguard index fund investing on my own". Not sure how you got from that he was unwilling to do anything on his own. I don't see anything wrong with talking to a fee-only adviser, especially if your income or your business creates investment or t...
by HJG0989
Sat Jul 14, 2012 3:53 pm
Forum: Investing - Help with Personal Investments
Topic: Impending 3.8% surtax on Net Investment Income
Replies: 14
Views: 2445

Re: Impending 3.8% surtax on Net Investment Income

40 years ago, I made a $20,000 investment in a friends start up business and after going public, my investment became 200,000 shares valued at $0.10/share. The company has been very successful and is now traded on NASDAQ at a little over $57.00/share. I had not sold any of this stock until last yea...
by HJG0989
Fri Jul 13, 2012 10:13 am
Forum: Investing - Help with Personal Investments
Topic: ?Wisdom of linking VG to personal online banking ?
Replies: 16
Views: 1996

Re: ?Wisdom of linking VG to personal online banking ?

Say that some sort of hacker on steroids breaks into Vanguard's systems, it's theoretically possible that she would liquidate OP's assets to OP's checking account and then EFT them out of there, but it seems more likely she would just liquidate to her own anonymous account in the Cayman Islands reg...
by HJG0989
Sat Apr 07, 2012 7:30 am
Forum: Investing - Help with Personal Investments
Topic: Take the Vanguard vs. Fidelity Challange
Replies: 37
Views: 5520

Re: Take the Vanguard vs. Fidelity Challange

What happens, if some time during the next few years, the Stock Market drops 60% and you are invested 80/20 Stocks/Bonds? I will tell you, the $480K drop in your $620K retirement assets is likely unrecoverable by the time you turn 60 or even 70. Ability and Need for risk are not just words, they re...
by HJG0989
Sun Jan 15, 2012 12:06 pm
Forum: Investing - Help with Personal Investments
Topic: My Tax-Inefficient Portfolio
Replies: 17
Views: 1754

Re: My Tax-Inefficient Portfolio

XOM (Exxon) - $67.34 (currently at 84.74) GE (General Electric) - $15.48 (currently at 18.93) As long as these two stocks are not too much of your portfolio, there is no need to sell them for tax reasons. An individual stock that you never sell is just as tax-efficient as an index fund that never s...
by HJG0989
Wed Jan 11, 2012 9:22 pm
Forum: Investing - Help with Personal Investments
Topic: Require help with $1.5 million portfolio
Replies: 66
Views: 9618

Re: Require help with $1.5 million portfolio

Good lord, you need to go back and read the OP. You are right. Thanks! I was just responding to YDNAL's discussion of taking $80k a year. Unfortunately, when I'm in reply mode, I can't go back to the first of the thread. At least that's how it is today in this thread - this has now happened 3 times...
by HJG0989
Wed Jan 11, 2012 3:40 pm
Forum: Investing - Help with Personal Investments
Topic: Require help with $1.5 million portfolio
Replies: 66
Views: 9618

Re: Require help with $1.5 million portfolio

Knowing your requirement from the portfolio ($80K/year you said), together with a maximum 4% withdrawal from the portfolio, means that you should have minimally $2million to withdraw for something like a 30-year period. I agree with this concept. I have a concern about the numbers. It is my underst...
by HJG0989
Thu Jan 05, 2012 12:01 am
Forum: Investing - Help with Personal Investments
Topic: Old Lady wants to Retire!
Replies: 27
Views: 4368

Re: Old Lady wants to Retire!

Susie,

I read your post earlier today and want to congratulate you on the amount of money you've saved for retirement. That is very impressive!

Best of luck to you.
by HJG0989
Wed Jan 04, 2012 11:53 pm
Forum: Investing - Help with Personal Investments
Topic: Require help with $1.5 million portfolio
Replies: 66
Views: 9618

Re: Require help with $1.5 million portfolio

We are fairly conservative as well, and are at the point where we likely have "enough": 1) Work part time from age 53 to 62 with the goal to make enough income to cover your $80K/yr in expenses until you collect the pensions and SS. That way you can slow down but won't need to tap into yo...
by HJG0989
Sat Oct 15, 2011 6:41 pm
Forum: Investing - Help with Personal Investments
Topic: How are TSPers planning to use the Roth option?
Replies: 21
Views: 1946

I'm going to skip the Roth TSP and do roll overs once I retire (which will hopefully be in 2013).
by HJG0989
Mon Oct 10, 2011 7:12 pm
Forum: Investing - Help with Personal Investments
Topic: 100% in Vanguard Target Retirement Income?
Replies: 25
Views: 6403

you give up the flexibility of being able to withdraw money from different funds within the all-in-one fund as the market dictates. I don't understand. Why would this be an advantage? Wouldn't this just be market timing, plain and simple? I would want my assets divided between stock and bond funds ...
by HJG0989
Sat Oct 08, 2011 3:56 pm
Forum: Investing - Help with Personal Investments
Topic: What do you like about your financial planner?
Replies: 34
Views: 3457

I went to a Garrett FP (fee only). [Stuff Deleted] This was the second fee only FP I had tried. The first one initally said she was fee only but then later switched to a percentage of assets. Neither my partner nor I liked her personality at all, it felt like she was trying to intimidate us. [Stuff...
by HJG0989
Sat Oct 08, 2011 1:24 am
Forum: Investing - Help with Personal Investments
Topic: What do you like about your financial planner?
Replies: 34
Views: 3457

I went to a Garrett FP (fee only). She was very nice and easy to talk to. We paid $2,300 for a financial plan. So, we met with her for the initial consulation, then faxed a lot of documents and links to websites regarding pension information, etc. We met with her a second time to spend about 45 minu...
by HJG0989
Sat Oct 08, 2011 1:04 am
Forum: Investing - Help with Personal Investments
Topic: ?Peter Lik photograph as investment
Replies: 15
Views: 11111

I was just at one of his galleries in Aspen a few weeks ago and love his photos. I don't know that it is a good financial investment, but I want one of his photos so I can stare at it. His work is amazing. The sales person was telling us about how the photos are great investments. I took a look at t...
by HJG0989
Sat Oct 01, 2011 5:58 am
Forum: Investing - Help with Personal Investments
Topic: Did you love your work?
Replies: 52
Views: 5527

I've been in IT for just over 30 years. The thrill is gone for me though I don't hate going to work. I am planning to retire in ~2 years at age 56. I am very much looking forward to it. It will be nice to get rid of the schedule and focus on new interests.
by HJG0989
Sun Apr 03, 2011 6:54 pm
Forum: Investing - Help with Personal Investments
Topic: Should I still bother with Fidelity?
Replies: 13
Views: 2985

It's all personal preference: I have accts at Fidelity, Schwab & Vanguard and find Fidelity to have the best website when it comes to things like YTD tax situation, trading, etc. Plus I think their customer service is the best. Schwab would be next-- I like their research -- and Vanguard the we...
by HJG0989
Sun Apr 03, 2011 6:41 pm
Forum: Investing - Help with Personal Investments
Topic: Finding an Honest Financial Planner
Replies: 47
Views: 5726

What does it matter if they're honest but incompetent? This sums up my recent experience perfectly. I just went ot a Garrett FP, what a mess that was. There were so many errors (one example, my social security payout at age 62 was off by $10k) and poor advice (move some of the bond money out of my ...
by HJG0989
Sat Nov 27, 2010 12:39 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Acct. Rep. compensation/behavour
Replies: 31
Views: 5904

I opened an account with Fido last May. This week I received a large amount of stocks from my parents trust. :^( My partner and I have accounts with Vanguard as well. I was not that impressed with Vanguard's website. When Fidelity opened a new office in a location that is very accessible to me I dec...
by HJG0989
Sat Nov 27, 2010 1:58 am
Forum: Investing - Help with Personal Investments
Topic: Can I retire with what I have?
Replies: 27
Views: 6371

Hi Quest$, This board is really, really good for asset allocation questions. The best board, IMO, for asking if you have enough to retire on is: m Once you've read and posted there you might want to consider a fee only financial planner which you will pay by the hour (this eliminates any conflict of...
by HJG0989
Wed Nov 03, 2010 9:39 pm
Forum: Investing - Help with Personal Investments
Topic: Invest for growth or tax efficiency?
Replies: 10
Views: 1625

Re: Invest for growth or tax efficiency?

Do I really want to park slow growing assets in my Roth or should I put them in my taxable account and use the interest and dividends as part of my 4% annual withdrawal? Thank you. What are "slow growing assets"? Are you referring to stocks that had a return of zero over the past decade? ...
by HJG0989
Wed Nov 03, 2010 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: Invest for growth or tax efficiency?
Replies: 10
Views: 1625

bettykayWAAZ wrote:
At 70 1/2 I will begin drawing down money from my Roth.


The advantage of the Roth IRA, over the traditional IRA, is that you don't have to draw down the Roth IRA at any age.


Thank you, I had forgotten that. They really make things complicated.
by HJG0989
Wed Nov 03, 2010 10:29 am
Forum: Investing - Help with Personal Investments
Topic: Invest for growth or tax efficiency?
Replies: 10
Views: 1625

Thanks for all the quick replies. Regarding my income after retirement, I will have a pension of ~$16,000. The rest of my income will be 4% of my assets, adjusted for inflation. My taxable income will be contingent on how the money is invested (capital gains, interest earned, dividends). At 62 I wil...
by HJG0989
Wed Nov 03, 2010 9:33 am
Forum: Investing - Help with Personal Investments
Topic: Invest for growth or tax efficiency?
Replies: 10
Views: 1625

Invest for growth or tax efficiency?

I am retiring in two years at age 56. I recently received $1 million which is in a taxable account. I also have $300k in my TSP which I plan to slowly convert to a Roth after I retire. I will be drawing down from my taxable accounts and leaving the Roth to grow tax free. I'm starting to question whe...
by HJG0989
Sat Mar 20, 2010 7:33 pm
Forum: Investing - Theory, News & General
Topic: Taxes and asset placement
Replies: 15
Views: 2373

Thank you DSInvestor.
by HJG0989
Sat Mar 20, 2010 3:30 pm
Forum: Investing - Theory, News & General
Topic: Taxes and asset placement
Replies: 15
Views: 2373

Nobody is suggesting that. You have the rebalancing backwards. Stock funds went down so you sell the losers in taxable and replace with other stock funds , either in taxable or in the TSP. That isn't rebalancing that's only TLH and does nothing at all to your AA. Rebalancing is going back to your o...
by HJG0989
Sat Mar 20, 2010 1:54 pm
Forum: Investing - Theory, News & General
Topic: TIPS vs. Nominal Bonds in a Retirement Portfolio?
Replies: 68
Views: 8072

Re: TIPS vs. Nominal Bonds in a Retirement Portfolio?

So the question is, if you voluntarily decide to hold your withdrawals down to a truly safe rate, then, yes, you can choose any asset allocation you like and you can "afford" to use riskier, higher-yielding assets. But what's the point? That's not to say there isn't any point, but what, e...
by HJG0989
Sat Mar 20, 2010 1:35 pm
Forum: Investing - Theory, News & General
Topic: Taxes and asset placement
Replies: 15
Views: 2373

Don't forget that your stock funds in the taxable account are also income producing investments (i.e. they pay a dividend). If you do not reinvest stock dividends, you can spend them without selling shares. $1.3 - 1.5M in stocks yielding 2% is 26-30K/yr. 15K pension income, 30K dividend income, sho...