Search found 1031 matches

by sergeant
Mon Feb 18, 2019 4:56 pm
Forum: Personal Investments
Topic: “Won the Game” how do you know?
Replies: 32
Views: 2692

Re: “Won the Game” how do you know?

We define it as having 20x yearly expenses in fixed income AND pensions that provide 4x expenses AND 15x expenses in equities AND a paid off residence which would net 10x expenses if sold.
by sergeant
Mon Feb 18, 2019 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Problems signing the tax return
Replies: 11
Views: 1055

Re: Problems signing the tax return

I e-sign for my wife every year. The IRS SWAT team has yet to raid my home and take me away in chains. When there is no intent to fraud I doubt they really care.
by sergeant
Sun Feb 17, 2019 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 110
Views: 10019

Re: Losing a job in your 50's...

I really sympathize with those who lose their jobs and have bleak job prospects ahead.
by sergeant
Sun Feb 17, 2019 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Easiest Way to Give $100k Cash to Non-Family Member
Replies: 53
Views: 3601

Re: Easiest Way to Give $100k Cash to Non-Family Member

baxterboy12 wrote:
Sun Feb 17, 2019 4:08 pm
The recipients would know about the gift, however, we prefer to keep it confidential from other parties. So I should have said confidential, not anonymous.
Having just read another thread on senior citizens getting ripped off the confidentiality here has me bothered.
by sergeant
Sun Feb 17, 2019 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Parents fell for scam: sent cash -- what now?
Replies: 46
Views: 4841

Re: Parents fell for scam: sent cash -- what now?

William Webster, former head of the FBI and CIA, and his wife were victimized but didn't lose any money. FBI did launch an investigation as suspect was threatening to kill him. Scammers knew who he was and still harrassed him constantly. It took years but they finally got the scumbeg in custody. At ...
by sergeant
Fri Feb 15, 2019 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: Do you tell your beneficiaries?
Replies: 69
Views: 4184

Re: Do you tell your beneficiaries?

Do you tell your beneficiaries that they are beneficiaries? I would prefer not to, in case one of them decides I'm more valuable dead than alive. What do you do? I have no felons listed as beneficiaries on any of my accounts. I listed my wife and children. They know that they are my beneficiaries.
by sergeant
Thu Feb 14, 2019 11:36 pm
Forum: Investing - Theory, News & General
Topic: How does your stable-value fund stack up with G Fund?
Replies: 36
Views: 2142

Re: How does your stable-value fund stack up with G Fund?

4.21% guarantee for 6 months. SAGIC Diversified Bond 2 through MassMutual.

Edit to add that this is indeed a stable value fund.
by sergeant
Thu Feb 14, 2019 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: A different kind of midlife crisis
Replies: 60
Views: 7043

Re: A different kind of midlife crisis

My father had this type of midlife crisis. He asked me my opinion on if he should stay a few more years at megacorp or join a small business owned by my BIL that was very successful but needed some strong management. I told him to stay at his current job until max. retirement pension level was reach...
by sergeant
Wed Feb 13, 2019 10:28 pm
Forum: Investing - Theory, News & General
Topic: How do I respond to this advisor?
Replies: 30
Views: 3733

Re: How do I respond to this advisor?

It sounds like you want to go even though you have been warned here not to go. So go. Let us know how it turns out.
by sergeant
Fri Feb 08, 2019 12:31 am
Forum: Personal Finance (Not Investing)
Topic: Need Help - DW Laid Off and Company wants her back now
Replies: 107
Views: 10727

Re: Need Help - DW Laid Off and Company wants her back now

I know exactly what happened and have all the facts and know exactly how much her company will offer her to come back. I sent the OP all the relevant information in a certified letter. OP started a thread 6 months ago about taking possession/or not of a certified letter. It went four pages and he ne...
by sergeant
Thu Feb 07, 2019 7:30 pm
Forum: Personal Investments
Topic: What do you use for your bond exposure?
Replies: 47
Views: 3025

Re: What do you use for your bond exposure?

willthrill81 wrote:
Thu Feb 07, 2019 6:08 pm
Earl Lemongrab wrote:
Thu Feb 07, 2019 5:28 pm
I use 50/50 bond index fund and stable value in MegaCorp's 401(k). Does that help?
A good stable value fund can be an 'no-brainer' when it comes to fixed income.
Which is why we are 95%/5% Stable Value/TBM for fixed income. My SV fund has a guaranteed rate over 4%.
by sergeant
Thu Feb 07, 2019 7:25 pm
Forum: Personal Investments
Topic: Lost Job - Paying off Mortgage or Not
Replies: 14
Views: 1650

Re: Lost Job - Paying off Mortgage or Not

Do NOT ruin your liquidity by paying off the mortgage. If things don't turn around in a year I would consider selling the rental. Have you worked on lowering your budget? In a couple years if things were still bad I would consider moving to a less expensive home. Good luck.
by sergeant
Wed Feb 06, 2019 11:07 pm
Forum: Personal Investments
Topic: Real estate investment Cabo San Lucas Mexico- vacation home
Replies: 17
Views: 1939

Re: Real estate investment Cabo San Lucas Mexico- vacation home

...We warned him that if he went into Mexico we would cease paying his way through school. Way to give him life experience! He did ok. He has a Masters degree. He has been a commissioned officer in the US Army for 6 years. He has seen many parts of the world. He seems to have healed from my over-pa...
by sergeant
Wed Feb 06, 2019 11:01 pm
Forum: Personal Investments
Topic: Real estate investment Cabo San Lucas Mexico- vacation home
Replies: 17
Views: 1939

Re: Real estate investment Cabo San Lucas Mexico- vacation home

I wouldn't consider a vacation home in Mexico an investment especially if you won't be renting it out. Our son's friend was murdered near there last month.

My son went to college in San Diego. We warned him that if he went into Mexico we would cease paying his way through school.
by sergeant
Wed Feb 06, 2019 9:45 pm
Forum: Personal Investments
Topic: State Pension DROP decision
Replies: 19
Views: 2193

Re: State Pension DROP decision

Another retired Lt. here. Wow you guys get to retire young. We have to go to at least 50 but don't usually max out until 55. I'm in California. I worked for a PERS agency and DROP wasn't an option. What is the guaranteed interest rate after the 3 years? Any chance of a captain spot opening up for y...
by sergeant
Wed Feb 06, 2019 6:52 pm
Forum: Investing - Theory, News & General
Topic: My trend following strategy and experience
Replies: 292
Views: 14896

Re: My trend following strategy and experience

and he is not bragging about how great he is doing with it. That's a good point, and a prime difference between this thread and other market-timing threads we've seen in the past. Market-timer's thread too was like this one, and it was better received than most for the same reasons. It would be pre...
by sergeant
Wed Feb 06, 2019 6:33 pm
Forum: Personal Investments
Topic: State Pension DROP decision
Replies: 19
Views: 2193

Re: State Pension DROP decision

Another retired Lt. here. Wow you guys get to retire young. We have to go to at least 50 but don't usually max out until 55. I'm in California. I worked for a PERS agency and DROP wasn't an option. What is the guaranteed interest rate after the 3 years? Any chance of a captain spot opening up for yo...
by sergeant
Tue Feb 05, 2019 1:18 pm
Forum: Investing - Theory, News & General
Topic: If you are old, why bother with rebalancing!!?
Replies: 114
Views: 7609

Re: If you are old, why bother with rebalancing!!?

Dottie57 wrote:
Tue Feb 05, 2019 11:57 am
I guess I turn OLD in March. /sigh
I have 6 more years of being young and fretting about my AA and rebalancing. :D
by sergeant
Tue Feb 05, 2019 1:01 pm
Forum: Personal Consumer Issues
Topic: How exactly are eligible deaths determined for term life insurance
Replies: 27
Views: 1775

Re: How exactly are eligible deaths determined for term life insurance

My guess is like any other insurance. They probably don't pay until you make them. People keep mentioning suicide after two years, but I wouldn't assume that without looking at a plan description and the laws of your state (unless this is some federal law I've never heard of). I wonder if getting l...
by sergeant
Tue Feb 05, 2019 12:46 pm
Forum: Personal Consumer Issues
Topic: How exactly are eligible deaths determined for term life insurance
Replies: 27
Views: 1775

Re: How exactly are eligible deaths determined for term life insurance

My guess is like any other insurance. They probably don't pay until you make them. People keep mentioning suicide after two years, but I wouldn't assume that without looking at a plan description and the laws of your state (unless this is some federal law I've never heard of). I wonder if getting l...
by sergeant
Mon Feb 04, 2019 11:20 pm
Forum: Personal Consumer Issues
Topic: How exactly are eligible deaths determined for term life insurance
Replies: 27
Views: 1775

Re: How exactly are eligible deaths determined for term life insurance

My guess is like any other insurance. They probably don't pay until you make them. People keep mentioning suicide after two years, but I wouldn't assume that without looking at a plan description and the laws of your state (unless this is some federal law I've never heard of). I wonder if getting l...
by sergeant
Mon Feb 04, 2019 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Help for friend who makes lots of mistakes.
Replies: 24
Views: 2187

Re: Help for friend who makes lots of mistakes.

Stay out of it. Any recommendation you make may end up in a loss of some of her money and you will be blamed.
by sergeant
Mon Feb 04, 2019 2:13 pm
Forum: Personal Investments
Topic: Besides your core.. anyone also hold a play account?
Replies: 61
Views: 3140

Re: Besides your core.. anyone also hold a play account?

Yes I have a play account in cash in my safe. I use it to play BJ a few times a year in Vegas. I once had a large play account but AP has dried up and now I'm basically a Ploppie who has fun at the BJ table.

Our real money is invested in a Boglehead fashion.
by sergeant
Mon Feb 04, 2019 2:03 pm
Forum: Personal Investments
Topic: My Vangaurd vs UBS Accounts
Replies: 6
Views: 471

Re: My Vangaurd vs UBS Accounts

What are your holdings at UBS? As it is now your post does not give adequate information for us to make a recommendation.
by sergeant
Sun Feb 03, 2019 11:50 pm
Forum: Personal Investments
Topic: What would your retirement strategy be in my case? (UPDATED info)
Replies: 14
Views: 1373

Re: What would your retirement strategy be in my case? (UPDATED info)

How do you plan on collecting SS when you are 55? It wouldn’t be at 55. Wouldn’t tap SS until other accounts are depleted, and I pass 62. Oh ok! your original post says otherwise. I don't think you're putting away enough to retire in 12 years. $1200 a year in the 457b isn't much. Try to max your de...
by sergeant
Sun Feb 03, 2019 9:58 pm
Forum: Personal Investments
Topic: What would your retirement strategy be in my case? (UPDATED info)
Replies: 14
Views: 1373

Re: What would your retirement strategy be in my case? (UPDATED info)

How do you plan on collecting SS when you are 55?
by sergeant
Fri Feb 01, 2019 6:32 pm
Forum: Personal Investments
Topic: We won the game, went to 50/50, but it just doesn't feel right
Replies: 108
Views: 11476

Re: We won the game, went to 50/50, but it just doesn't feel right

It doesn't always feel right to order healthy food when my friends are eating pastrami sandwiches. It doesn't always feel right to only have one beer when others are drinking more. It doesn't always feel right to wake up early and exercise when others are sleeping in or lounging in front of the TV. ...
by sergeant
Fri Feb 01, 2019 2:23 pm
Forum: Personal Investments
Topic: Making a 3.8 million deposit
Replies: 96
Views: 10424

Re: Making a 3.8 million deposit

Vanguard Prime MM with an ACH to your checking account. I wouldn't worry about the FDIC.
by sergeant
Wed Jan 30, 2019 6:36 pm
Forum: Personal Investments
Topic: Good Time Charlie Faces Reality
Replies: 30
Views: 3118

Re: Good Time Charlie Faces Reality

I wouldn't get involved in his finances. I have acquaintances all over town. I have never given financial advice. Well, sometimes I might suggest they order off the happy hour menu cause it's cheaper, or let them know pitchers are half price on certain beers, but I wouldn't want the blow back when t...
by sergeant
Wed Jan 30, 2019 6:27 pm
Forum: Personal Investments
Topic: Newly retired, new to you, seeking a plan we can trust
Replies: 15
Views: 2646

Re: Newly retired, new to you, seeking a plan we can trust

Say goodbye to Jeff and Chris (actually don't, let Schwab or Vanguard do it for you) and go with Vanguard PAS to get everything set to how you want it. In a year or two dump PAS and do it yourself. Schwab is good too if you insist on the face to face time.
by sergeant
Wed Jan 30, 2019 6:17 pm
Forum: Personal Investments
Topic: open a trad to avoid holding bonds in ROTH?
Replies: 8
Views: 296

Re: open a trad to avoid holding bonds in ROTH?

Why can't her Roth be all in equities? What is driving you to add some bonds in 2019?
by sergeant
Wed Jan 30, 2019 6:14 pm
Forum: Personal Investments
Topic: What would you do with 100k inheritance.....
Replies: 17
Views: 1806

Re: What would you do with 100k inheritance.....

I would blow it on a great vacation with my DW and adult children. But I've alerady won the game and really 100k is no big deal for me. For your sister it absolutely is a big deal. With how you describe her it would probably be best to put it in a MM fund and have a set amount sent from the MM fund ...
by sergeant
Tue Jan 29, 2019 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA conversion questions
Replies: 20
Views: 837

Re: Roth IRA conversion questions

OP, are you calculating your RMD properly? It seems that you have about 100k now in a traditional IRA at 43 years old yet you're claiming that your future RMD will be over 100k?
by sergeant
Tue Jan 29, 2019 2:11 pm
Forum: Personal Investments
Topic: "Steelmanning" the case for owning individual stocks
Replies: 52
Views: 3377

Re: "Steelmanning" the case for owning individual stocks

Do it. Post your account activity in real time.
by sergeant
Mon Jan 28, 2019 9:52 pm
Forum: Investing - Theory, News & General
Topic: Unconventional investment choices
Replies: 79
Views: 5787

Re: Unconventional investment choices

Minimum 20 years of expenses in fixed income, mainly stable value funds. The rest in equities. I have been as much as 30 years in fixed income (beginning of December) but never go below 20 years. I just checked my AA and it's pretty close to 40/60. Many would consider this way too conservative for a...
by sergeant
Sat Jan 26, 2019 2:43 pm
Forum: Personal Investments
Topic: No index bond options in retirement account
Replies: 27
Views: 1538

Re: No index bond options in retirement account

I have had a SV fund for over 35 years with three different providers. The reported interest rate has always been AFTER expenses. My current SV fund pays over 4%. Most of our fixed income is in that fund.
by sergeant
Sat Jan 26, 2019 2:37 pm
Forum: Investing - Theory, News & General
Topic: Stable Value funds can report yield *before* expenses!?
Replies: 14
Views: 869

Re: Stable Value funds can report yield *before* expenses!?

I have or had stable value accounts with three different providers, VOYA, ICMA, and MassMutual. Over a 35 year period all providers yield was AFTER expenses. I have checked and always received the full reported yield.
by sergeant
Thu Jan 24, 2019 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: When (if ever) does taking the max pension option make sense?
Replies: 12
Views: 681

Re: When (if ever) does taking the max pension option make sense?

My DW will take the max on her pension in September when she retires. She is a few years younger and family history shows she should outlive me by a decade or two. If she goes first I receive a 40% survivor benefit. My pension is 4x her pension and I chose a 75% survivor benefit for her as opposed t...
by sergeant
Wed Jan 23, 2019 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Setting up Will, do we need trust?
Replies: 50
Views: 3499

Re: Setting up Will, do we need trust?

I'm in a similar position and a trust offered me no benefit. I'm in California so my house is worth almost 7 figures. The State allows a TOD of residential property that avoids probate. Simply fill out the form with your county and you're all set. The investment accounts and bank accounts skip proba...
by sergeant
Wed Jan 23, 2019 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Why doesn't a lot of money feel like a lot of money?
Replies: 205
Views: 21242

Re: Why doesn't a lot of money feel like a lot of money?

I won a few bucks on a game show and it felt like a lot of money. I was pretty excited. https://www.youtube.com/watch?v=APhpt_uEJ-E

EDIT: I have also been awarded 10x what I won on the game show in a lawsuit but "winning" the smaller amount felt much better.
by sergeant
Tue Jan 22, 2019 11:45 pm
Forum: Personal Investments
Topic: Contributed to Roth, may make too much in 2019
Replies: 21
Views: 1559

Re: Contributed to Roth, may make too much in 2019

I'm going to have to do some serious research on how exactly this works out this weekend - I guess I'm not as knowledgeable about conversions as I thought I was. For me the case is straightforward since this is the first year I've opened a traditional IRA for myself. I'll see if I can figure out my...
by sergeant
Tue Jan 22, 2019 11:34 pm
Forum: Personal Investments
Topic: Back-door Roth with Existing tIRA Balance
Replies: 24
Views: 1570

Re: Back-door Roth with Existing tIRA Balance

Yes, your plan is correct.
by sergeant
Tue Jan 22, 2019 9:31 pm
Forum: Personal Investments
Topic: Contributed to Roth, may make too much in 2019
Replies: 21
Views: 1559

Re: Contributed to Roth, may make too much in 2019

I'm going to have to do some serious research on how exactly this works out this weekend - I guess I'm not as knowledgeable about conversions as I thought I was. For me the case is straightforward since this is the first year I've opened a traditional IRA for myself. I'll see if I can figure out my...
by sergeant
Tue Jan 22, 2019 9:18 pm
Forum: Personal Investments
Topic: Bonus and 401K Stable income fund option
Replies: 8
Views: 645

Re: Bonus and 401K Stable income fund option

If you are sure, and have some sort of inside information, then sure do it the way you describe. The rest of us here are not sure and have no inside information. We decide on an appropriate asset allocation and try to stay near it. We don't try to time the market though some of us play around when w...
by sergeant
Tue Jan 22, 2019 2:56 pm
Forum: Personal Investments
Topic: Should I sell or hold this house?
Replies: 14
Views: 921

Re: Should I sell or hold this house?

Dump it! I could make a list as long as your arm for reasons to sell it but lack the motivation to do something that you are capable of doing yourself.
by sergeant
Mon Jan 21, 2019 7:27 pm
Forum: Personal Consumer Issues
Topic: Paying thousands per ticket to attend the NFL Super Bowl?
Replies: 138
Views: 6600

Re: Paying thousands per ticket to attend the NFL Super Bowl?

I wouldn't pay. I much prefer going to my rich friend's SuperBowl party and enjoying the game while eating his wonderful catered food and having the bartender mix my drinks. I work at a professional sports stadium and get my fill of crowded events while making a few bucks. My neighbor owned a chain ...
by sergeant
Mon Jan 21, 2019 6:42 pm
Forum: Personal Investments
Topic: Afoot or on horseback?
Replies: 24
Views: 1813

Re: Afoot or on horseback?

Dump the advisors and set up a three fund portfolio or target date at Vanguard. Use PAS for a year if you are unsure. Charge your brother rent or let him purchase your half of the house. Keep consulting, you need to keep bringing in an income so you don't start taking from your accounts just yet. Am...
by sergeant
Sun Jan 20, 2019 2:21 pm
Forum: Investing - Theory, News & General
Topic: What does 20% extra of portfolio allocated to equities get you?
Replies: 112
Views: 7154

Re: What does 20% extra of portfolio allocated to equities get you?

I like to think of investments as a sail boat, with stocks being the sails and bonds the keel. You can go all sail with great performance, but you're likely to flip unexpectedly. Too much keel slows you down. Both are necessary, and depending on a person's situation and proximity to the goal our ch...
by sergeant
Sun Jan 20, 2019 1:51 pm
Forum: Personal Investments
Topic: Investment advice - Retire early with 457 and pension plan
Replies: 1
Views: 281

Re: Investment advice - Retire early with 457 and pension plan

You have a long way to go in your career. Do what you can to max your 457b (lots of OT) and as you promote and/or get step increases put part of it into the 457b. Public pensions are back loaded, the last few years count for bigger increases than the earlier years. Don't leave the big money just to ...
by sergeant
Sun Jan 20, 2019 1:30 pm
Forum: Personal Investments
Topic: Ny 457 plan: bond index fund or stable fund
Replies: 21
Views: 963

Re: Ny 457 plan: bond index fund or stable fund

Thanks for all the replies! I think my enemy here is complexity and my friend is simplicity so I am going to just leave it in the bond fund and check on it in 30 years. That was my original goal and I want this as boring/sleepy as possible with no tinkering allowed. Good decision! For me though I w...