Search found 583 matches

by sergeant
Sun Oct 22, 2017 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for medical school for son?
Replies: 78
Views: 4361

Re: Paying for medical school for son?

I am looking at potentially paying for or at least providing significant financial assistance for two children through medical school. It is a lot of money. These loan forgiveness programs have got me thinking if it would be better to have them borrow more and help less. Definitely agree with some ...
by sergeant
Sun Oct 22, 2017 7:02 pm
Forum: Investing - Help with Personal Investments
Topic: Commission only fiduciary planner
Replies: 80
Views: 2491

Re: Commission only fiduciary planner

Pdub, you do indeed sound like a nice fellow. You will soon be raked over the coals by salesman that you absolutely have no skills to counter. You also have no power to right the wrongs they have done to other people. I predict that if you go to the initial meeting you will not post here again as th...
by sergeant
Wed Oct 18, 2017 10:42 pm
Forum: Investing - Help with Personal Investments
Topic: Wondering if I need to balance better
Replies: 7
Views: 953

Re: Wondering if I need to balance better

Bogleheads pride ourselves in NOT having any idea when the next correction is going to happen. We don't like the convoluted and expensive types of annuities that you own. That is why you were given the advice in the other thread. You can't predict or control the market but you can control costs. You...
by sergeant
Wed Oct 18, 2017 7:11 pm
Forum: Personal Consumer Issues
Topic: 1st Time Cruise - Princess and wifi
Replies: 21
Views: 1539

Re: 1st Time Cruise - Princess and wifi

Princess just sent me an ad for cruises that said book in the next month and get free wifi. Maybe you can call and ask if you can get that deal.
by sergeant
Wed Oct 18, 2017 7:10 pm
Forum: Personal Consumer Issues
Topic: Stains coming through white painted wood stair risers
Replies: 12
Views: 691

Re: Stains coming through white painted wood stair risers

Thanks all! Sounds pretty unanimous that I need to get some decent oil based primer or shellac. Hopefully that takes care of it because every time I go up the stairs it bugs me. Wife claims she didn't even notice until I mentioned it. If it didn't bother my wife it wouldn't have bothered me. :D The...
by sergeant
Wed Oct 18, 2017 6:59 pm
Forum: Investing - Help with Personal Investments
Topic: Wondering if I need to balance better
Replies: 7
Views: 953

Re: Wondering if I need to balance better

You didn't get mixed advice in your annuity thread. The majority of experienced posters explained why and how you should get out of those annuities. You missed out on two and a half years of huge gains as you had said you would take the funds from the liquidated annuities and put them into the marke...
by sergeant
Tue Oct 17, 2017 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Help picking apart whole life insurance cash value
Replies: 39
Views: 1587

Re: Help picking apart whole life insurance cash value

It's Bogleheads! It's spelled correctly at the top of the page. You seem like you really want a WL policy and for a newbie are very knowledgeable about them. Good luck.
by sergeant
Tue Oct 17, 2017 4:29 pm
Forum: Investing - Theory, News & General
Topic: 30th Anniversary of October 19, 1987 stock market crash
Replies: 36
Views: 2909

Re: 30th Anniversary of October 19, 1987 stock market crash

I was on my day off and received a phone call from my watch commander. He ordered me to come to work. When I arrived there were several of us young guys in the locker room wondering why we had been called in. At briefing we were given our assignments. People had been showing up at their broker's off...
by sergeant
Tue Oct 17, 2017 3:55 pm
Forum: Personal Consumer Issues
Topic: Roofer stopped showing up - what are my options?
Replies: 18
Views: 2587

Re: Roofer stopped showing up - what are my options?

My roof was just completely renovated with new underlayment, vents, dormers, fascia and open valleys. They finished about an hour ago after six full days with a crew of six hard workers. I have never known an insurance company to require you pay a 50% down payment :oops: I bet they prefer your roof ...
by sergeant
Sat Oct 14, 2017 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Annuities - how does insurance company know you died?
Replies: 49
Views: 2685

Re: Annuities - how does insurance company know you died?

Japan started checking on their oldest pensioners and found thousands had been dead for decades. One guy had been dead for three decades, mummified in his bed, as his 81 year old daughter cashed his checks. :shock: Our county coroner's office makes notification to SS. There are thousands of cases ev...
by sergeant
Fri Oct 13, 2017 6:03 pm
Forum: Personal Consumer Issues
Topic: Liability of phone conversations while my client is driving (and I am not in the car)?
Replies: 64
Views: 3862

Re: Liability of phone conversations while my client is driving (and I am not in the car)?

A suit against you for damages sustained by a distracted driver would be no more successful than a suit against you by a caller who heeded your advice and was injured while calling from their home.
by sergeant
Fri Oct 13, 2017 9:58 am
Forum: Investing - Help with Personal Investments
Topic: Advice on Retirement Investments: IRA? High-Expense Govt 457b?
Replies: 12
Views: 736

Re: AdviceVT Vantag on Retirement Investments: IRA? High-Expense Govt 457b?

Check the expenses in the ICMA index funds again. I have my DC plan with them and the ER's on my index funds are .15 domestic, and .20 international. I double-checked the fees. A VT Vantagepoint Milestone 2035 fund, roughly equivalent to my Vanguard target-date fund, has a Gross and Net Expense Rat...
by sergeant
Thu Oct 12, 2017 11:54 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on Retirement Investments: IRA? High-Expense Govt 457b?
Replies: 12
Views: 736

Re: Advice on Retirement Investments: IRA? High-Expense Govt 457b?

Check the expenses in the ICMA index funds again. I have my DC plan with them and the ER's on my index funds are .15 domestic, and .20 international.
by sergeant
Sat Oct 07, 2017 6:30 pm
Forum: Investing - Help with Personal Investments
Topic: 2M savings investment help
Replies: 37
Views: 4984

Re: 2M savings investment help

Why not look into a variable rate annuity? That would protect your funds and give you some of the market returns. You lost a lot of money sitting on the sidelines based on last year's election results. An annuity would have saved you from yourself. I thought the market was overvalued awhile ago, bu...
by sergeant
Sat Oct 07, 2017 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 229
Views: 28475

Re: Identity theft

Wow this is unbelievable! Why didn't Transamerica mail a letter to your father when the email change occurred? For the paperwork to be notarized the thief needed to present some form of official ID. At Vanguard I would have received multiple email and paper mailings. The change of email, then addit...
by sergeant
Thu Oct 05, 2017 9:15 pm
Forum: Investing - Help with Personal Investments
Topic: Trying to convince my sister not to use a financial advisor
Replies: 59
Views: 4055

Re: Trying to convince my sister not to use a financial advisor

:oops: My sister has $100k to invest and has an appointment tomorrow to wrap up the paperwork with a financial advisor who promised her a portfolio of Vanguard ETFs that he will balance for her, for a small fee of 1.4%! I told her to run and just open up an account herself on Vanguard and do it her...
by sergeant
Thu Oct 05, 2017 2:16 pm
Forum: Investing - Theory, News & General
Topic: Backdoor Roth: importance of spouse's tIRA
Replies: 5
Views: 479

Re: Backdoor Roth: importance of spouse's tIRA

No, your spouse doesn't need to do anything with her IRA for you to do the backdoor.
by sergeant
Wed Oct 04, 2017 12:10 am
Forum: Investing - Help with Personal Investments
Topic: Should I max out my Roth IRA as an 18 year old?
Replies: 15
Views: 808

Re: Should I max out my Roth IRA as an 18 year old?

Yes, but please also enjoy yourself. Don't become fixated on only saving. You're at an age that you should be having lots of fun! :beer (Drink depicted is non-alcoholic)
by sergeant
Wed Oct 04, 2017 12:05 am
Forum: Local Chapters and Bogleheads Community
Topic: Retirement Class of 1998 (Sheepdog's Experience)
Replies: 45
Views: 4082

Re: Retirement Class of 1998 (Sheepdog's Experience)

Thanks for the detailed post and congratulations. I hope to read many more updates through the years.
by sergeant
Tue Oct 03, 2017 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Senior citizens can lose everything [to professional guardians via court rulings]
Replies: 111
Views: 9249

Re: Senior citizens can lose everything [to professional guardians via court rulings]

My children are far too aware of our finances, and their inheritance, to let anyone attempt a similar ploy. I read the article, the "judge" should have been criminally charged or at least disbarred. I have often worked with the elderly in distressing conditions. It is easier for first responders whe...
by sergeant
Mon Oct 02, 2017 2:23 pm
Forum: Investing - Theory, News & General
Topic: Current Bull Market could last years
Replies: 89
Views: 9773

Re: Current Bull Market could last years

Just read an article that details pretty logical reasons why this bull market can last years and years: http://www.marketwatch.com/story/this-is-why-the-bull-market-can-keep-running-for-years-even-if-investors-dump-stocks-2017-09-29?siteid=yhoof2&yptr=yahoo I am wondering if it is time to rewrite a...
by sergeant
Sun Oct 01, 2017 4:47 pm
Forum: Investing - Theory, News & General
Topic: $10 million+ - Still Working and LBYM
Replies: 162
Views: 16318

Re: $10 million+ - Still Working and LBYM

My paid off home is worth 1/10th of yours and my portfolio is about 4/5ths of yours and I don't think that I have "significant" wealth but do feel that I have sufficient wealth. 1. We enjoy longer and more expensive vacations. We are generous with our adult children but not to the point of harming t...
by sergeant
Sat Sep 30, 2017 4:54 pm
Forum: Investing - Help with Personal Investments
Topic: How Safe are Stable Value Funds
Replies: 24
Views: 2000

Re: How Safe are Stable Value Funds

Well, let me phrase it this way, I am one year away from retirement. cannot afford to loose at this late stage of the game. My 401k is 75 percent stable value, twenty five percent domestic stock mutual fund. I seem to be the kind of personalty that would do well by buying an immdediate fixed annuit...
by sergeant
Sat Sep 30, 2017 3:50 pm
Forum: Investing - Help with Personal Investments
Topic: How Safe are Stable Value Funds
Replies: 24
Views: 2000

Re: How Safe are Stable Value Funds

Check your fund for stability. I keep the majority of our FI assets in our stable value funds and have done so for over 30 years. No problems or issues to complain about.
by sergeant
Sat Sep 30, 2017 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Question About Long Term Care
Replies: 75
Views: 5786

Re: Question About Long Term Care

LTC policies do not make sense to me (at least when I last looked at them) because their premiums can rise arbitrarily in the future. So, there is no guarantees as to how much you will be paying for your benefits. The company has control over it. You do not. E.g. We pay now about $2600 annual, with...
by sergeant
Thu Sep 28, 2017 6:09 pm
Forum: Investing - Theory, News & General
Topic: Guy proves that Buy The Dip strategy works (via backtests) any rebuttals?
Replies: 65
Views: 6490

Re: Guy proves that Buy The Dip strategy works (via backtests) any rebuttals?

I am a proponent of good market timing. I buy when prices drop in a specified way and rebalance shortly thereafter*. There has been backtesting performed as shown in this thread where many similar backtests fail, but a few are actually quite good. The trick is to be emotionally ready to not do the ...
by sergeant
Thu Sep 28, 2017 6:04 pm
Forum: Local Chapters and Bogleheads Community
Topic: Bogleheads you would most like to meet and why?
Replies: 134
Views: 9043

Re: Bogleheads you would most like to meet and why?

livesoft wrote:
Wed Sep 20, 2017 10:34 am
sscritic is alive and well. We had lunch together a little while ago.
Ask him to come back! Part time is good enough.
by sergeant
Mon Sep 25, 2017 9:20 pm
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 220
Views: 24295

Re: I won the Lottery. Need sound advice.

Don't wait 10 to 20 years. Give us updates as you progress and (I hope) get closer to FI.
by sergeant
Wed Sep 20, 2017 9:49 pm
Forum: Personal Consumer Issues
Topic: Uplifted Driveway = No Home Owners Policy ?!
Replies: 82
Views: 5163

Re: Uplifted Driveway = No Home Owners Policy ?!

Try other insurance companies if you don't want to fix it. USAA never sent anybody out to my old house that I owned when it was insured with them (I rent now and they didn't send anybody to this place either but that is a little different). My understanding is that the insurance companies send peop...
by sergeant
Wed Sep 20, 2017 2:47 am
Forum: Investing - Theory, News & General
Topic: A different approach to asset allocation
Replies: 1435
Views: 570885

Re: A different approach to asset allocation

market timer wrote:
Tue Sep 19, 2017 7:16 pm
Net worth: $1.2mn, not counting wife's assets
Equity exposure: $0
Children: 2
Congrats for sure, on the net worth and more importantly the children!
by sergeant
Tue Sep 19, 2017 2:36 pm
Forum: Investing - Theory, News & General
Topic: A different approach to asset allocation
Replies: 1435
Views: 570885

Re: A different approach to asset allocation

Net worth update? I was there for this entire journey. Glad you're doing ok.
by sergeant
Thu Sep 14, 2017 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: What do I need to do next?
Replies: 11
Views: 1764

Re: What do I need to do next?

I'm betting your 457b allows catch up contributions. If you are within three years of retirement age, which you are, you can double up the contribution amount. I think next year that will be $37,000. The good thing is you don't have to actually retire after the three years of double contributions, y...
by sergeant
Thu Sep 14, 2017 1:19 am
Forum: Investing - Help with Personal Investments
Topic: What is the largest percentage of your total portfolio value that you have exchanged to rebalance?
Replies: 58
Views: 3762

Re: What is the largest percentage of your total portfolio value that you have exchanged to rebalance?

When I retired 18 months ago my RHS account was credited with a pretty big dollar amount equal to all my accrued sick, vacation, and comp time off multiplied by my hourly pay. The only decent fund alternative in our plan was a broad market index fund which has a low ER. This took my 50/50 AA closer ...
by sergeant
Tue Sep 12, 2017 5:26 pm
Forum: Investing - Help with Personal Investments
Topic: Investing parents nest egg -- any final thoughts?
Replies: 37
Views: 2725

Re: Investing parents nest egg -- any final thoughts?

Some of the other reasons to take the pension instead of investing the lump sum are mentioned in the other thread. Market downturns, sequence of return risk, mental decline, scams, and especially damage to your relationship should your plan not be as beneficial as the pension.
by sergeant
Tue Sep 12, 2017 5:22 pm
Forum: Investing - Help with Personal Investments
Topic: Investing parents nest egg -- any final thoughts?
Replies: 37
Views: 2725

Re: Investing parents nest egg -- any final thoughts?

I'm confused! In one of your other posts longevity was a concern as your grandfather lived into his late eighties? Either way, your parents SS covers all expenses so your plan is fine. Pull the trigger already. I would probably have stuck with a pension but they want to lump sum and invest it. Good...
by sergeant
Tue Sep 12, 2017 1:52 pm
Forum: Investing - Help with Personal Investments
Topic: Investing parents nest egg -- any final thoughts?
Replies: 37
Views: 2725

Re: Investing parents nest egg -- any final thoughts?

I'm confused! In one of your other posts longevity was a concern as your grandfather lived into his late eighties? Either way, your parents SS covers all expenses so your plan is fine. Pull the trigger already. I would probably have stuck with a pension but they want to lump sum and invest it. Good ...
by sergeant
Mon Sep 11, 2017 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Should I do 20 or 25 Year Term Life Insurance?
Replies: 49
Views: 3513

Re: Should I do 20 or 25 Year Term Life Insurance?

20 for sure, adults don't need parents income replacement in the event of death. You will have plenty to pass on at 54. Unless you want to put your kids through college.... It depends on how one planned to pay for the kid's college education. If one was saving for it and had the funds built up befo...
by sergeant
Sun Sep 10, 2017 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: Flood Insurance when not in flood plain?
Replies: 39
Views: 3493

Re: Flood Insurance when not in flood plain?

I pay for flood insurance even though I am not in an official flood plain. My common sense tells me I am close enough to a river it could be a problem if the river floods.............. In So. California, the "rivers" are in flood control channels, those concrete ditches that control where the exces...
by sergeant
Fri Sep 08, 2017 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing Home With Girlfriend; Good or Bad?
Replies: 68
Views: 5688

Re: Purchasing Home With Girlfriend; Good or Bad?

What do you mean by long term? Is she coming in with half the down payment? Is the home an investment property or are you going to live in it? Are you both financially fit? Do you want to live with her? Have you discussed this in detail with her? What is the exit strategy?
by sergeant
Fri Sep 08, 2017 1:42 am
Forum: Personal Finance (Not Investing)
Topic: Guaranteed 7% Real Estate Deal: Pull from Stock Market?
Replies: 36
Views: 3900

Re: Guaranteed 7% Real Estate Deal: Pull from Stock Market?

This return of 7% is not guaranteed! If it was and could go as high as 15% than you should definitely invest half your net worth. It's not guaranteed though so don't do it.
by sergeant
Thu Sep 07, 2017 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Wife believes 7+% returns from stock market are guaranteed
Replies: 64
Views: 5736

Re: Wife believes 7+% returns from stock market are guaranteed

You have been here for three years. You post of your experience as a real estate professional. You have posted before about stock market returns not being guaranteed. Why are you unable to counter your wife's belief that stock market returns are guaranteed?
by sergeant
Mon Sep 04, 2017 8:29 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1547
Views: 273595

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

I'm up 6.7%, 60/40, 40% short bonds, 10% REIT, 10% foreign, 10% VZ, 30% total US. The VZ was almost 15%, I'm holding it for tax avoidance. :oops: If I figure in my savings and checking cash it's worse. This thread makes me sad. :( Don't be sad, Uncle Pennybags, it's all in the eye of the beholder a...
by sergeant
Mon Sep 04, 2017 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming a Landlord: My Experiences
Replies: 108
Views: 16547

Re: Becoming a Landlord: My Experiences

OP, thanks for the detailed post. My father owned numerous rentals in my teen years and was way too cheap to hire a handyman so I learned to do everything. Countless weekends were spent making repairs instead of surfing! It is beneficial now as I do my own home repairs. I swore to never be a LL whil...
by sergeant
Fri Sep 01, 2017 3:42 pm
Forum: Personal Consumer Issues
Topic: Dropped envelope of money at bank... Any lawyers here?
Replies: 72
Views: 4143

Re: Dropped envelope of money at bank... Any lawyers here?

If I didn't get results, and depending on the $ amount (which I am assuming was material enough to worry about) I'd probably be in there every day demanding to know the status. Go during the peak times. Make sure you are loud enough to make everybody, including other customers around you uncomforta...
by sergeant
Fri Sep 01, 2017 3:39 pm
Forum: Personal Consumer Issues
Topic: Dropped envelope of money at bank... Any lawyers here?
Replies: 72
Views: 4143

Re: Dropped envelope of money at bank... Any lawyers here?

More than likely the person feeding you the information is incorrect. I bet the bank is cooperating with LE. This will take LE a few days to handle. It's a property crime, not high on the list of things that need immediate attention. In my jurisdiction we would contact the person that "found" the c...
by sergeant
Fri Sep 01, 2017 3:16 pm
Forum: Personal Consumer Issues
Topic: Dropped envelope of money at bank... Any lawyers here?
Replies: 72
Views: 4143

Re: Dropped envelope of money at bank... Any lawyers here?

More than likely the person feeding you the information is incorrect. I bet the bank is cooperating with LE. This will take LE a few days to handle. It's a property crime, not high on the list of things that need immediate attention. In my jurisdiction we would contact the person that "found" the ca...
by sergeant
Thu Aug 31, 2017 12:54 am
Forum: Investing - Help with Personal Investments
Topic: Deferred compensation plan? risky?
Replies: 59
Views: 2423

Re: Deffered compensation plan? risky?

That looks like a terrible deal to me. The loans that the company gets are at fair market rates, so you're not getting ahead any by participating. Plus, you'd forfeit the contribution entirely if you leave. Which means that every dollar you put in reduces the value of all job offers you get until t...
by sergeant
Wed Aug 30, 2017 9:14 pm
Forum: Investing - Help with Personal Investments
Topic: Deferred compensation plan? risky?
Replies: 59
Views: 2423

Re: Deffered compensation plan? risky?

That looks like a terrible deal to me. The loans that the company gets are at fair market rates, so you're not getting ahead any by participating. Plus, you'd forfeit the contribution entirely if you leave. Which means that every dollar you put in reduces the value of all job offers you get until t...
by sergeant
Wed Aug 30, 2017 4:34 pm
Forum: Investing - Help with Personal Investments
Topic: Deferred compensation plan? risky?
Replies: 59
Views: 2423

Re: Deffered compensation plan? risky?

Run. Fast. Away. This is way too risky. Either 10% or 50%. LOL! So they won't allow a 25% deferral? :shock:
by sergeant
Wed Aug 30, 2017 4:06 pm
Forum: Personal Consumer Issues
Topic: Coyote Defense
Replies: 69
Views: 5226

Re: Coyote Defense

Unfenced neighborhood dogs would pose more of a danger on your walks than a coyote, or at least that's the way it is here, and we do have plenty of coyotes. Rather than carry something that screams "weapon," I carry a simple walking stick. A 1.25 inch poplar dowel makes a nice compromise in weight/...