Search found 1433 matches

by TravelforFun
Tue Oct 16, 2018 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: What do you consider 'enough'?
Replies: 65
Views: 6086

Re: What do you consider 'enough'?

Enough income: income that is high enough to support your lifestyle, save at least 15% for retirment, save sufficiently for your kids' education, and retire your debts agressively.

Enough asset: Asset that is equal to 33 times your gross annual expenses.

TravelforFun
by TravelforFun
Mon Oct 15, 2018 6:31 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3759
Views: 1067818

Re: What Movie Have You Recently Watched?

Just watched 'First Man'.

TravelforFun
by TravelforFun
Mon Oct 15, 2018 6:29 pm
Forum: Investing - Theory, News & General
Topic: Better to invest in taxable and not deferred?
Replies: 31
Views: 3007

Re: Better to invest in taxable and not deferred?

Besides the lower long-term capital gain tax rates the OP mentioned, don't forget when you pass your taxable accounts to your heirs after you pass, they pay nothing on the gains because of the step-up. Pass your IRA accounts to your heirs and here come RMD and the tax man. On the verge of retirment...
by TravelforFun
Mon Oct 15, 2018 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 166
Views: 12381

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

Ally Bank would have a lot more customers if they allowed customers to transfer their IRA accounts to Ally.

TravelforFun
by TravelforFun
Sun Oct 14, 2018 11:59 am
Forum: Investing - Help with Personal Investments
Topic: Early Retirement Health Insurance Strategy using Mega Back Door Roth IRA
Replies: 4
Views: 593

Re: Early Retirement Health Insurance Strategy using Mega Back Door Roth IRA

There are tradeoffs. You pay taxes now on the money you backdoor into Roth but you'll be able to keep your MAGI low for ACA subsidies or low Medicare premium while still maintaing a reasonable lifestyle in retirement.

TravelforFun
by TravelforFun
Sun Oct 14, 2018 11:41 am
Forum: Investing - Theory, News & General
Topic: Better to invest in taxable and not deferred?
Replies: 31
Views: 3007

Re: Better to invest in taxable and not deferred?

Besides the lower long-term capital gain tax rates the OP mentioned, don't forget when you pass your taxable accounts to your heirs after you pass, they pay nothing on the gains because of the step-up. Pass your IRA accounts to your heirs and here come RMD and the tax man. On the verge of retirment ...
by TravelforFun
Sun Oct 14, 2018 11:31 am
Forum: Investing - Help with Personal Investments
Topic: [How much should I contribute to my 401k?]
Replies: 8
Views: 546

Re: [How much should I contribute to my 401k?]

Maximum 401k contribution is $18,500 a year, $24,500 If you're 50 or older but why contributing the max to 401k? After you contribute enough to get the maximum mach, consider: - HSA account - Roth IRA or IRA - Building an emergency - Paying off debts - College savings - Taxable accounts. TravelforFun
by TravelforFun
Sat Oct 13, 2018 2:26 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1969
Views: 365940

Re: What are you up YTD? [Year To Date]

TravelforFun wrote:
Tue Oct 02, 2018 7:16 am
10.5% YTD. My asset is approximately 43% stock mutual funds, 30% individual stocks, and 27% cash/bonds/CDs.

Travelfor Fun
Down to 5.9% as of 10/13/2018

TravelforFun
by TravelforFun
Thu Oct 11, 2018 7:10 pm
Forum: Investing - Help with Personal Investments
Topic: Opinions on a large Roth conversion if we have a 30-40% correction.
Replies: 22
Views: 2325

Re: Opinions on a large Roth conversion if we have a 30-40% correction.

Are you going to need the Roth IRA money within the next 7-10 years. If you're not then I would convert. That money will gain back over time and all the gain would be tax free.

TravelforFun
by TravelforFun
Wed Oct 10, 2018 8:39 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7386
Views: 1549320

Re: U.S. stocks in freefall

If you happen to deal in futures you care about points A LOT. This is the history of emini SP futures drops. Today is the second worst in history, behind the February one. This is what Mr. Bogle was referring to during the spring........gigantic point moves even compared to 87. Second worst in hist...
by TravelforFun
Wed Oct 10, 2018 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Do you use your own cards for work travel?
Replies: 16
Views: 1099

Re: Do you use your own cards for work travel?

I use my personal card every chance I got. My company reimburses me within a week of my expense report submittal, and I don't mind filling out forms and handling receipts (mostly PDFs).

TravelforFun
by TravelforFun
Wed Oct 10, 2018 7:13 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7386
Views: 1549320

Re: U.S. stocks in freefall

3% drop and people panic? It dropped 23% on one day in 1987.

TravelforFun
by TravelforFun
Wed Oct 10, 2018 7:08 pm
Forum: Investing - Help with Personal Investments
Topic: Take a rish with Roth IRA or Personal Account
Replies: 5
Views: 302

Re: Take a rish with Roth IRA or Personal Account

If you don't touch your your Roth, invest it in 100% stock mutual fund. The reason is the market will rise overtime and your account will gain, and the gain will be tax free.

TravelforFun
by TravelforFun
Tue Oct 09, 2018 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: You're in the Top 1% if you have $2.5 million
Replies: 21
Views: 3398

You're in the Top 1% if you have $2.5 million

That's what this article states. Pretty low bar for one-percenters, isn't it?

https://finance.yahoo.com/news/apos-muc ... 00348.html
by TravelforFun
Tue Oct 09, 2018 7:58 pm
Forum: Personal Consumer Issues
Topic: Finally Cutting the Cord - YouTube TV
Replies: 57
Views: 8864

Re: Finally Cutting the Cord - YouTube TV

We cut the cord on cable, Netflix, and went with the lowest T-Mobile essentials plan on cell phones, bought a digital antenna at Wal-mart for 30 bucks, and we are saving around $2200 a year and we don't miss any of it at all. What do you get with a digital antenna? Just local channel? TravelforFun
by TravelforFun
Tue Oct 09, 2018 6:41 pm
Forum: Investing - Help with Personal Investments
Topic: Calculating amount needed for SS bridge
Replies: 50
Views: 2897

Re: Calculating amount needed for SS bridge

Another option could be an immediate annuity. $650k investment, 15 year, period certain, with CPI COLA would give you ~$54k/year For bridge amount, I would assume 0% real return i.e. my return would just keep up with inflation. Investing in an annuity would reduce the size of the bridge amount but ...
by TravelforFun
Mon Oct 08, 2018 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Raiding 401k/IRA - How much is peace of mind worth?
Replies: 13
Views: 1107

Re: Raiding 401k/IRA - How much is peace of mind worth?

How close are you to age 59.5? I don't mind cashing out a portion of my IRA to become debt free. I did that with my home in 2013 shortly after I turned 59.5 to avoid paying the 10% penalty.

TravelforFun
by TravelforFun
Mon Oct 08, 2018 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Need Health Insurance (Non-ACA Options)
Replies: 77
Views: 4920

Re: Need Health Insurance (Non-ACA Options)

I am considering short term plans, church plans, placing the kids on CHIP and not getting insurance for my wife and me... We currently have approximately $50,000 in an HSA account, and make approximately $200,000 per year. My wife and I are 37 and our kids are 3 and 4. How would you place your kids...
by TravelforFun
Mon Oct 08, 2018 1:10 pm
Forum: Investing - Theory, News & General
Topic: “It’s probably wise to sell to the sleeping point.” - Jack Bogle
Replies: 83
Views: 11520

Re: “It’s probably wise to sell to the sleeping point.” - Jack Bogle

Ask yourself the following questions. 1. What are the odds for the equity market (TSM) to gain 20% from this year’s S&P 500 high vs 20% loss within a couple of years considering the current valuation? I don’t know. Can you tell me the answer please? Someone asked the same question on this board 2-3...
by TravelforFun
Sun Oct 07, 2018 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone used software to write a Will?
Replies: 15
Views: 1270

Re: Has anyone used software to write a Will?

I use a software for our wills and I update them annually. 90% our assets is in 401K, IRAs, and Roth IRAs and will be distributed to the beneficiaries we've specified so the wills are only there to address our home and personal items. Our situation is not complicated enough to use a lawyer. Travelfo...
by TravelforFun
Sat Oct 06, 2018 12:39 pm
Forum: Personal Consumer Issues
Topic: Fall Foliage
Replies: 29
Views: 2277

Re: Fall Foliage

Thanks for all the feedbacks. I have bookmarked this very helpful page.

TravelforFun
by TravelforFun
Sat Oct 06, 2018 12:25 pm
Forum: Investing - Theory, News & General
Topic: Stress testing for those contemplating retirement in the next couple years
Replies: 28
Views: 2776

Re: Stress testing for those contemplating retirement in the next couple years

David Jay wrote:
Sat Oct 06, 2018 11:22 am
tibbitts wrote:
Sat Oct 06, 2018 11:05 am
Almost everybody here has moved past 25x to some higher number...
You are claiming to speak for “almost everybody” on BH. That is a strong statement that requires strong evidence. You certainly don’t speak for me.
Tibbitts definitely spoke for me. I'm 33x or 3% SWR.

TravelforFun
by TravelforFun
Sat Oct 06, 2018 10:06 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2924
Views: 575656

Re: What's Your Credit Card Rewards Strategy?

Nowadays the only card I go after is Southwest because of its companion pass (buy 1 get 1 free) program. My current pass expires in December and I will start the whole process again in January. TravelforFun Are you going to sign up for the Southwest business card and then the personal, hoping it go...
by TravelforFun
Fri Oct 05, 2018 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2924
Views: 575656

Re: What's Your Credit Card Rewards Strategy?

Nowadays the only card I go after is Southwest because of its companion pass (buy 1 get 1 free) program. My current pass expires in December and I will start the whole process again in January.

TravelforFun
by TravelforFun
Thu Oct 04, 2018 7:25 pm
Forum: Personal Consumer Issues
Topic: Still working after age 65, have employer furnished BC/BS Must I sign up for Medicare?
Replies: 7
Views: 736

Re: Still working after age 65, have employer furnished BC/BS Must I sign up for Medicare?

You don't have to sign up for Mediare. I am 66, work for company that has 600 employees, and receive medical insurance from them. Although I don't have to sign up for Medicare, I went ahead and signed up for Part A which costs nothing. Had I been eligible for an HSA, I wouldn't have signed up for an...
by TravelforFun
Thu Oct 04, 2018 7:20 pm
Forum: Personal Consumer Issues
Topic: Fall Foliage
Replies: 29
Views: 2277

Fall Foliage

Who live in an area where your fall foliage is spectacular? I'm trying to get some ideas on where to go see some next October.

TravelforFun
by TravelforFun
Tue Oct 02, 2018 7:05 pm
Forum: Investing - Theory, News & General
Topic: Social Security and Asset Allocation
Replies: 50
Views: 4947

Re: Social Security and Asset Allocation

My goal is to have a 50/50 Stock and Bond Asset Allocation. I calculate a NPV of my Social Security Benefit and include it in my bond allocation. Any thoughts on this? How would one calculate the NPV for SS benefits anyway? Would they make a guess on how long they and/or their spouse would live? Tr...
by TravelforFun
Tue Oct 02, 2018 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: In retirement
Replies: 22
Views: 2346

Re: In retirement

Are you still working? Are you filing as Married or Single? Taxes are not calculated on just your RMDs or dividends for the year. Everything on the front of the tax return contributes to your tax calculation so we would need to know more about your overall situation and current tax bracket and age ...
by TravelforFun
Tue Oct 02, 2018 11:09 am
Forum: Personal Consumer Issues
Topic: Your Favorite [Travel Destination] on Earth: Where and Why?
Replies: 155
Views: 16490

Re: Your Favorite [Travel Destination] on Earth: Where and Why?

Just got back from Greece. My third time to Athens and the islands where everything is mostly beautiful and inexpensive compared to other European locations


TravelforFun
by TravelforFun
Tue Oct 02, 2018 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Why is Home Part of NW [Net Worth]
Replies: 98
Views: 6697

Re: Why is Home Part of NW [Net Worth]

Net worth is not a meaningless number. I use it to gauge my finance progress. Should home equity be included in the net worth number? Of course, yes. Say I have $1 million of investable asset, a $500k home on which I owe $300k, my net worth would be $1.2 million. Tomorrow I take out $300k from my in...
by TravelforFun
Tue Oct 02, 2018 10:47 am
Forum: Investing - Theory, News & General
Topic: Enjoying your money before retirement
Replies: 65
Views: 6218

Re: Enjoying your money before retirement

Max your 401k. Max Your Roth IRA. Then open a brokerage account. Focus on growing your income if you want spending money for a brokerage account. I wouldn't automatically max my 401K if I was a younger person with low income tax rate. I'd do these first: 1) Contribute enough to 401k to get the maxi...
by TravelforFun
Tue Oct 02, 2018 7:16 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1969
Views: 365940

Re: What are you up YTD? [Year To Date]

10.5% YTD. My asset is approximately 43% stock mutual funds, 30% individual stocks, and 27% cash/bonds/CDs.

Travelfor Fun
by TravelforFun
Mon Oct 01, 2018 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2924
Views: 575656

Re: What's Your Credit Card Rewards Strategy?

Leesbro63 wrote:
Fri Sep 21, 2018 4:50 pm
JBTX wrote:
Fri Sep 21, 2018 9:37 am
I'll probably net around $4000-$5000 this year in various bonuses, without a lot of effort. To each his own.
The real money is in the brokerage bonuses, if you have a nice nest egg.
Nothing wrong with doing both.

TravelforFun
by TravelforFun
Fri Sep 28, 2018 8:43 am
Forum: Personal Consumer Issues
Topic: Good flip flops
Replies: 46
Views: 3453

Re: Good flip flops

We had a post a few weeks back about what's the best men underwear to buy and now flip flops. Can't wait to see what the future brings.

TravelforFun
by TravelforFun
Thu Sep 20, 2018 10:45 am
Forum: Investing - Theory, News & General
Topic: Age in Bonds - Still Recommended?
Replies: 152
Views: 11718

Re: Age in Bonds - Still Recommended?

I guess I'm the only one on this forum who doesn't care about AA. I keep 10 years worth of annual expenses in bonds, CDs, money market, and savings, and the rest is in stock regardless of the %. TravelforFun You are just expressing it in a different way. If using the 4% rule, roughly you'd have 25 ...
by TravelforFun
Thu Sep 20, 2018 12:12 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2924
Views: 575656

Re: What's Your Credit Card Rewards Strategy?

I don't have time to mess around with too many credit cards or manufacturing spending. Nowadays I just concentrate on Southwest Visa cards to maintain my Companion Pass which allows my wife to fly with me for free when I fly on Southwest.

TravelforFun
by TravelforFun
Wed Sep 19, 2018 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Reverse Mortgages - Pros, Cons
Replies: 55
Views: 3945

Re: Reverse Mortgages - Pros, Cons

If I didn't have kids or grandkids, I would definitely look into a reverse mortgage, the type that would pay me a stream of monthly payments until both of us pass. I would also take all my money and buy a deferred annuity to create another income stream. Add the third income stream called social sec...
by TravelforFun
Wed Sep 19, 2018 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Should we temporarily reduce our retirement contributions in order to pay off our $400k mortgage in 7 years?
Replies: 83
Views: 7459

Re: Should we temporarily reduce our retirement contributions in order to pay off our $400k mortgage in 7 years?

OP, You would have to be crazy to believe that paying 20% to 30% tax in order to save 4.75% interest is a good idea. It is a very simple math. 20% to 30% is bigger than 4.75%. KlangFool Not that simple. The 20% to 30% is not tax savings. You're just deferring it until later when you're forced to wi...
by TravelforFun
Wed Sep 19, 2018 6:51 am
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 293
Views: 25186

Re: What is your single most expensive mistake?

gator15 wrote:
Wed Sep 19, 2018 4:53 am
Pretty sure I’m making the single biggest mistake of my life right now. Only time will tell.
What did you do?
by TravelforFun
Tue Sep 18, 2018 11:07 pm
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 293
Views: 25186

Re: What is your single most expensive mistake?

Took out all the money from my 401K when I changed job to buy a Mercedes. I was 30.

TravelforFun
by TravelforFun
Tue Sep 18, 2018 10:56 pm
Forum: Investing - Theory, News & General
Topic: Bonds. Why? (vs. cds)
Replies: 59
Views: 4637

Re: Bonds. Why? (vs. cds)

Although I have some taxable CDs at Ally, I don't understand how I can buy CDs in my Fidelity IRA. I might prefer CDs, but if the choice is between a taxable CD and a deferred bond fund, I will go with the bond fund. Can someone help me with the mechanics of how to, say, buy $10,000, 2-year CD but ...
by TravelforFun
Tue Sep 18, 2018 7:18 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2019!
Replies: 102
Views: 12839

Re: Roll Call for the Retirement Class of 2019!

On the Q of whether one is retired or not, she decreed that the Roll Call is self-reporting - that is if you feel that you have punched out and are retired - then by golly, you are retired :D even though you may be engaged in other activities or hobbies or working part-time, pay or no pay. What? Wo...
by TravelforFun
Tue Sep 18, 2018 7:07 pm
Forum: Personal Consumer Issues
Topic: How much to spend on rent (balancing savings) - VHCOL area
Replies: 11
Views: 899

Re: How much to spend on rent (balancing savings) - VHCOL area

OP, not answering your question but why would it take you over a year to pay off your $80K student loan making almost half a million a year?

TravelforFun
by TravelforFun
Mon Sep 17, 2018 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another SS question - filing sequence
Replies: 3
Views: 483

Re: Yet another SS question - filing sequence

OP, JoeRetire provided you the answers. I went through what you described just a few months ago and the online filing process was very smooth. Here is my post on that.

viewtopic.php?f=2&t=247604

TravelforFun
by TravelforFun
Fri Sep 14, 2018 7:20 pm
Forum: Investing - Theory, News & General
Topic: Age in Bonds - Still Recommended?
Replies: 152
Views: 11718

Re: Age in Bonds - Still Recommended?

So if you use the 4% rule then 60/40. 3% rule 70/30. We keep 15 years of living expenses in FI and use the 4% rule so 40/60. I guess I'm the only one on this forum who doesn't care about AA. I keep 10 years worth of annual expenses in bonds, CDs, money market, and savings, and the rest is in stock ...
by TravelforFun
Fri Sep 14, 2018 7:13 pm
Forum: Personal Consumer Issues
Topic: Need burner phone for wife traveling in Italy
Replies: 24
Views: 1936

Re: Need burner phone for wife traveling in Italy

I rent a TEP hotspot when I go overseas. $9 a day and 5 devices can connect to it so may be she can get some of her friends to share . I have AT&T and they charge $10 a day for international plan.

TravelforFun
by TravelforFun
Fri Sep 14, 2018 7:02 pm
Forum: Personal Consumer Issues
Topic: Stereo receiver amp without aux plug or bluetooth ?
Replies: 23
Views: 1681

Re: Stereo receiver amp without aux plug or bluetooth ?

Look into getting an adapter.

TravelforFun
by TravelforFun
Fri Sep 14, 2018 6:58 pm
Forum: Investing - Theory, News & General
Topic: Age in Bonds - Still Recommended?
Replies: 152
Views: 11718

Re: Age in Bonds - Still Recommended?

I guess I'm the only one on this forum who doesn't care about AA. I keep 10 years worth of annual expenses in bonds, CDs, money market, and savings, and the rest is in stock regardless of the %.

TravelforFun
by TravelforFun
Thu Sep 13, 2018 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Laid Off, Considering Multiple Options - Which Would You Recommend?
Replies: 39
Views: 5463

Re: Laid Off, Considering Multiple Options - Which Would You Recommend?

- Keep a copy of all your work records if your company allows you to - Update your resume, and LinkedIn account or create one if you haven't - Do you or family members have medical, dental, vision procedure that you have planned on doing but haven't? Now may be the time - Work your network and let p...
by TravelforFun
Wed Sep 12, 2018 9:29 pm
Forum: Investing - Theory, News & General
Topic: Argument for taking social security before 70. Comments?
Replies: 134
Views: 10165

Re: Argument for taking social security before 70. Comments?

'YMMV' is exactly true. In my case, my wife is 62 and I'm 66 and the significantly higher income earner. All the calculators and my own spreadsheet show my wife should claim her benefits at 62, I should claim my spousal benefits at 66, then I would claim my own benefits at 70 and she would switch to...