Search found 1505 matches

by sergeant
Sat May 23, 2020 6:18 pm
Forum: Investing - Theory, News & General
Topic: Has anybody heard of DriverLoan Investor Club?
Replies: 12
Views: 799

Re: Has anybody heard of DriverLoan Investor Club?

Thanks for the quick reply and assessment. It definitely does look too good to be true. SEC link is indeed generic and have have run into the issues with K1 when investing in MLPs. Daily deposits seem to be an optional feature which may or may not be availed. FDIC risk can be managed if total of pe...
by sergeant
Sat May 23, 2020 6:16 pm
Forum: Investing - Theory, News & General
Topic: What to expect from Stable Value funds (Yield) in the immediate future?
Replies: 7
Views: 675

Re: What to expect from Stable Value funds (Yield) in the immediate future?

bryansmile wrote:
Sat May 23, 2020 1:29 pm
I've been using it for years for half of my bond allocation. It's been great and current rate has been lowered to 3.3%, minus .3% expense ratio, so a 3% net return.
Usually the listed rate on SV is after the ER.
by sergeant
Fri May 22, 2020 11:22 pm
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 255
Views: 16265

Re: The axe falls and I am prepared. What's next?

Folks, I am asking two separate questions: A) Under what financial condition, it is rewarding for me to take on part-time project work. At this moment, it looks like anything less than $90 per hour is not worthwhile. B) Under what non-financial condition, would you go back to work? KlangFool A. Don...
by sergeant
Thu May 21, 2020 10:31 am
Forum: Personal Investments
Topic: Retiring fairly young with a govt pension and trying to put together a plan
Replies: 32
Views: 3928

Re: Retiring fairly young with a govt pension and trying to put together a plan

1. Keep my 457b in Vanguard Funds and use that money if I have any emergency bills or want to make any big purchases since I can withdraw it without penalty (but of course I have to pay taxes). 2. Move my wife's 401k into a Vanguard managed account. Still trying to decide how aggressive we want it ...
by sergeant
Wed May 20, 2020 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage - 15 year versus 30 year if both at same interest rate
Replies: 25
Views: 3159

Re: Mortgage - 15 year versus 30 year if both at same interest rate

Gosh I have been looking for a below 3% mortgage for a few weeks now. There is always some catch. Enormous closing costs. Points. "Not for your scenario." Ugh... Check out the mortgage refinance mega thread...I get the sense that there is a lot of variation in refinance rates based on the state you...
by sergeant
Wed May 20, 2020 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: At 30, what are some key financial milestones I should have hit?
Replies: 51
Views: 4265

Re: At 30, what are some key financial milestones I should have hit?

1. Have a job.
2. No debt other than mortgage. Renting is fine and probably preferred.
3. Contributing to IRA and 401k/457b.
4. Have an EF of at least 3 months.
5. Having lots of fun and doing things you enjoy.
by sergeant
Wed May 20, 2020 6:40 pm
Forum: Personal Investments
Topic: Retiring fairly young with a govt pension and trying to put together a plan
Replies: 32
Views: 3928

Re: Retiring fairly young with a govt pension and trying to put together a plan

Retired PSO here but with a 2% COLA. I also did the 3 year catch-up and regret not directing it to Roth as that is an option in our 457b plan. I think you're doing just about everything right. It is nice to retire and actually have your take home pay increase. I would look into the backdoor Roth fo...
by sergeant
Tue May 19, 2020 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Contemplating expensive house purchase during pandemic
Replies: 41
Views: 3841

Re: Contemplating expensive house purchase during pandemic

Property taxes do go up in California but never by more than 2% a year absent new construction or an addition to the property. Property taxes are regulated by Prop. 13. What area of So. Ca. are you looking? How much are you putting down? Buying land and developing the property is to be avoided in m...
by sergeant
Tue May 19, 2020 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: 20 year Term Life insurance—keep or renew?
Replies: 21
Views: 1280

Re: 20 year Term Life insurance—keep or renew?

I would keep current policy AND pick option 1. I think that you need additional insurance and doubling it to 1.5 million would be perfect.
by sergeant
Tue May 19, 2020 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Contemplating expensive house purchase during pandemic
Replies: 41
Views: 3841

Re: Contemplating expensive house purchase during pandemic

Property taxes do go up in California but never by more than 2% a year absent new construction or an addition to the property. Property taxes are regulated by Prop. 13. What area of So. Ca. are you looking? How much are you putting down? Buying land and developing the property is to be avoided in mo...
by sergeant
Tue May 19, 2020 5:43 pm
Forum: Personal Consumer Issues
Topic: Engagement Ring Help
Replies: 68
Views: 2908

Re: Engagement Ring Help

My fiancée wanted a moissanite ring. She thinks diamonds are a scam and bad for the environment. It was way cheaper than a diamond. We have been happily married for 30 years. I would steer clear of anyone that demanded an expensive trinket.
by sergeant
Mon May 18, 2020 2:46 pm
Forum: Personal Investments
Topic: Retiring fairly young with a govt pension and trying to put together a plan
Replies: 32
Views: 3928

Re: Retiring fairly young with a govt pension and trying to put together a plan

Retired PSO here but with a 2% COLA. I also did the 3 year catch-up and regret not directing it to Roth as that is an option in our 457b plan. I think you're doing just about everything right. It is nice to retire and actually have your take home pay increase. I would look into the backdoor Roth for...
by sergeant
Mon May 18, 2020 12:40 pm
Forum: Personal Investments
Topic: Please tell me I'm not crazy [Best way to manage an EF?]
Replies: 171
Views: 10352

Re: Please tell me I'm not crazy [Best way to manage an EF?]

Let's assume that the portfolio size is 25X expenses for the discussion. Let's assume the EF is part of the portfolio (I don't include EF as part of the portfolio). EF = 2/25 = 8% of the portfolio. 1% extra per year = 8% X 1% = 0.08% extra per year for the portfolio. If you believe that an addition...
by sergeant
Sun May 17, 2020 10:53 pm
Forum: Personal Investments
Topic: Governmental 457 safe?
Replies: 17
Views: 916

Re: Governmental 457 safe?

greg24 wrote:
Sun May 17, 2020 7:30 pm
sergeant wrote:
Sun May 17, 2020 5:56 pm
greg24 wrote:
Sun May 17, 2020 5:52 pm
How about university 457s?
Public or private?
Public.
It looks like a qualified plan. No risk to it during an employer bankruptcy. Prior to the OC bankruptcy, public 457b accounts were subject to employee creditors. Thankfully that got changed.
by sergeant
Sun May 17, 2020 10:45 pm
Forum: Personal Investments
Topic: Please tell me I'm not crazy [Best way to manage an EF?]
Replies: 171
Views: 10352

Re: Please tell me I'm not crazy [Best way to manage an EF?]

EnjoyIt, I am a "good enough" person. I do not care if my EF is not earning more money or earning nothing. KlangFool For someone who is so risk averse with so many risk aversion rules (which BTW, many I agree with,) that statement does not make any sense. 1% difference in returns on an emergency fu...
by sergeant
Sun May 17, 2020 6:24 pm
Forum: Personal Investments
Topic: Please tell me I'm not crazy [Best way to manage an EF?]
Replies: 171
Views: 10352

Re: Please tell me I'm not crazy [Best way to manage an EF?]

Im retired and have about 4 years expenses in a money mkt account with Vanguard making about 2%. About 25% of our total funds. Not as good a bonds, but no worries either. I can tell you stock market fluctuations are of no concern to me and I love that. Which Vanguard MM account is paying about 2%?
by sergeant
Sun May 17, 2020 5:56 pm
Forum: Personal Investments
Topic: Governmental 457 safe?
Replies: 17
Views: 916

Re: Governmental 457 safe?

greg24 wrote:
Sun May 17, 2020 5:52 pm
How about university 457s?
Public or private?
by sergeant
Sun May 17, 2020 2:26 pm
Forum: Personal Investments
Topic: Should a regular investor pump in more money on ETF during this time?
Replies: 14
Views: 955

Re: Should a regular investor pump in more money on ETF during this time?

I think with your knowledge level you would best be served investing in a target date fund which has your desired asset allocation. That's what I'm doing as I age for simplification purposes. Easier for me to manage, easier for DW to manage when I'm gone, results are superior to tinkering. I don't s...
by sergeant
Sat May 16, 2020 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking of buying a boat during pandemic – am I CRAZY?
Replies: 80
Views: 5319

Re: Thinking of buying a boat during pandemic – am I CRAZY?

Enjoy your 65k boat. You have my approval. You just might get a really great deal too.
by sergeant
Fri May 15, 2020 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home - low ball negotiation
Replies: 145
Views: 12001

Re: Selling home - low ball negotiation

I'd counter 10k above asking price. They mocked you and they should know. Yikes! I hardly think their offer was a shot at the OP. I've bought three homes, everyone below asking. I've made offers that were rejected. It was never personal, just business. OP, the offer is a beginning negotiation. Meet...
by sergeant
Fri May 15, 2020 1:00 pm
Forum: Investing - Theory, News & General
Topic: Why it’s a good idea to hold long term Treasuries as your emergency fund
Replies: 114
Views: 8988

Re: Why it’s a good idea to hold long term Treasuries as your emergency fund

I have no need for an EF as a retiree with a more than adequate pension and 20+ years of living expenses in fixed income. Most people that I know have an EF to cover expenses rarely encountered due to situations similar to this pandemic. They use the EF for unexpected car repairs, medical expenses, ...
by sergeant
Wed May 13, 2020 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Companies that have a pension and 401k?
Replies: 63
Views: 3425

Re: Companies that have a pension and 401k?

Are there any companies that offer both a pension and a 401K plan to its employees? Most state employees have a mandatory pension (defined benefit plan) where the employee pays a percentage out of every paycheck and the employer pays a certain percentage as well. On top of that, these employees usu...
by sergeant
Wed May 13, 2020 4:07 pm
Forum: Personal Investments
Topic: FDIC insured consideration... Big deal, overblown, what? Any case studies or personal experiences?
Replies: 24
Views: 1841

Re: FDIC insured consideration... Big deal, overblown, what? Any case studies or personal experiences?

A small bank went out of business in the town where I worked. I remember being dispatched there for a disturbance. The building was closed down but some entity had posted a poster sized list. The list contained hundreds of names with a dollar amount after each name. This dollar amount represented th...
by sergeant
Tue May 12, 2020 9:13 pm
Forum: Investing - Theory, News & General
Topic: Advantages of keeping your income below the stimulus check limits this year
Replies: 15
Views: 1897

Re: Advantages of keeping your income below the stimulus check limits this year

fatFIRE wrote:
Tue May 12, 2020 6:50 pm
How low can you reduce your AGI anyway? The only way I know of is to make 401k/HSA/IRA contributions...
Don't do Roth conversions.
by sergeant
Tue May 12, 2020 3:30 pm
Forum: Personal Investments
Topic: transfer from Edward Jones (*updated)
Replies: 12
Views: 1795

Re: transfer from Edward Jones (*updated)

You're not "betting against yourself" when you obtain life insurance to provide for your family in case of death. Providing for a dependent wife and two very young children is called being responsible.
by sergeant
Sat May 09, 2020 9:19 pm
Forum: Personal Investments
Topic: Would you go with a bond index fund or a 3% Guaranteed fund?
Replies: 54
Views: 4560

Re: Would you go with a bond index fund or a 3% Guaranteed fund?

The company has been in existence for 130 years and is highly rated for stability. I would go with the 3% guaranteed fund. I'm in a similar fund with MassMutual that is currently paying 3.5%. It has slowly lowered the guarantee every quarter since my past employer moved our 457b accounts. That was i...
by sergeant
Sat May 09, 2020 8:08 pm
Forum: Personal Consumer Issues
Topic: Got divorced how to get most value for exes wedding ring
Replies: 42
Views: 5074

Re: Got divorced how to get most value for exes wedding ring

How did you get it from her? I would donate it to charity. Bad mojo to do anything else.
by sergeant
Thu May 07, 2020 4:52 pm
Forum: Investing - Theory, News & General
Topic: A bond rule of thumb better than "age in bonds"
Replies: 152
Views: 10352

Re: A bond rule of thumb better than "age in bonds"

What the heck is "recklessly conservative"? "Age in bonds" is recklessly conservative. vineviz, I appreciate your contributions here. We have been pretty close to age in bonds for a couple decades, most of that in accumulation stage, it has worked out great for us. What is your definition of reckle...
by sergeant
Wed May 06, 2020 5:19 pm
Forum: Investing - Theory, News & General
Topic: Do you keep moving your cash around chasing yield?
Replies: 56
Views: 5291

Re: Do you keep moving your cash around chasing yield?

Could someone clarify the listed yield for money market funds (e.g. VMFXX or SWVXX) and clarify if that factors in the expense ratio? For instance, SWVXX has 7-day yield of 0.52% and expense ratio of 0.34%. What’s the overall yield? And is there a chance I’ll end up with negative return? Quoted yie...
by sergeant
Sun May 03, 2020 4:53 pm
Forum: Investing - Theory, News & General
Topic: Do you keep moving your cash around chasing yield?
Replies: 56
Views: 5291

Re: Do you keep moving your cash around chasing yield?

Could someone clarify the listed yield for money market funds (e.g. VMFXX or SWVXX) and clarify if that factors in the expense ratio? For instance, SWVXX has 7-day yield of 0.52% and expense ratio of 0.34%. What’s the overall yield? And is there a chance I’ll end up with negative return? Quoted yie...
by sergeant
Wed Apr 29, 2020 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Payoff house and quit good-paying job?
Replies: 112
Views: 8073

Re: Payoff house and quit good-paying job?

Have you worked in jobs like the zoos or theme park jobs you're dreaming of? Having patrons irrationally yell at you for things you can't control? Having your schedule and even the number of hours you work each week change weekly with no advance notice? Those jobs suck. This. I have friends from hi...
by sergeant
Wed Apr 29, 2020 5:54 pm
Forum: Personal Investments
Topic: Our Retirement Plan vs Financial Advisor Plan - Thoughts?
Replies: 60
Views: 4226

Re: Our Retirement Plan vs Financial Advisor Plan - Thoughts?

The FA we have been talking with at TIAA sent the wife email this morning... suggesting we go with a policy that has potential for returns based on an index. We are still waiting on our illustration from our existing policy. But, just for conversation (maybe laughs) here's what he mentioned today. ...
by sergeant
Tue Apr 28, 2020 7:12 pm
Forum: Personal Investments
Topic: Holding Gold as "Doomsday Fund"
Replies: 121
Views: 5012

Re: Holding Gold as "Doomsday Fund"

I would not. If "the worst" were to happen, what exactly does gold do for you? You can't eat it. It doesn't grow anything. Who would want it? I have a lot of ammo. If the price were right, I'd trade ammo for gold. Better yet, cast all your gold to bullets :) Silver bullets have more utility. They c...
by sergeant
Tue Apr 28, 2020 7:00 pm
Forum: Personal Investments
Topic: Switching to an actively managed plan in this market.
Replies: 14
Views: 969

Re: Switching to an actively managed plan in this market.

I’ve already been presented with simulations and cash flow data showing how they can lessen the standard deviation to minimize loss during down markets, which is pretty important now and during retirement. I welcome your feedback. Steve, simulations are exactly that, simulations. Back testing or fe...
by sergeant
Mon Apr 27, 2020 3:29 pm
Forum: Personal Investments
Topic: Why am I even saving for retirement?
Replies: 223
Views: 19818

Re: Why am I even saving for retirement?

Yes I will always have a house payment. Just like I will always have property tax bills, food bills, utility bills, you know, “cost of living” That's a false equivalency. How so? My monthly house interest payment is $2500. It’s about 1/3 of my expected costs in retirement. A difference in degree, n...
by sergeant
Mon Apr 27, 2020 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: State retirement pensions thoughts?
Replies: 46
Views: 5707

Re: State retirement pensions thoughts?

Part would depend if you are eligible for social security along with the pension. In our state, they are not. Because of that, by federal law they are required to provide a pension that is equal to the social security that would have been earned. So I guess that is the worst case scenario. Is there...
by sergeant
Mon Apr 27, 2020 2:53 pm
Forum: Personal Investments
Topic: Why am I even saving for retirement?
Replies: 223
Views: 19818

Re: Why am I even saving for retirement?

stoptothink wrote:
Mon Apr 27, 2020 2:52 pm
mptfan wrote:
Mon Apr 27, 2020 2:50 pm
sergeant wrote:
Mon Apr 27, 2020 2:41 pm
1. Because you are never going to not have a house payment.
Speak for yourself.
That was a statement directed specifically to the OP.
:sharebeer
by sergeant
Mon Apr 27, 2020 2:52 pm
Forum: Personal Investments
Topic: Why am I even saving for retirement?
Replies: 223
Views: 19818

Re: Why am I even saving for retirement?

mptfan wrote:
Mon Apr 27, 2020 2:50 pm
sergeant wrote:
Mon Apr 27, 2020 2:41 pm
1. Because you are never going to not have a house payment.
Speak for yourself.
OP has declared that he will always have a house payment and currently has an interest only mortgage. I'm speaking for him.
by sergeant
Mon Apr 27, 2020 2:41 pm
Forum: Personal Investments
Topic: Why am I even saving for retirement?
Replies: 223
Views: 19818

Re: Why am I even saving for retirement?

1. Because you are never going to not have a house payment. 2. SS could change. 3. Your excellent adventure could turn into a really bad trip. 4. You enjoy seeing your net worth go up. 5. Retirement accounts offer tax savings. 6. You realize that someday one of you will be alone and want to provide ...
by sergeant
Sun Apr 26, 2020 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Payoff house and quit good-paying job?
Replies: 112
Views: 8073

Re: Payoff house and quit good-paying job?

I had the same idea to someday work at a theme park or similar place. I work MLB games at a stadium in a near no stress environment in close contact with the players and team staff. It's a lot of fun. We are of course now not currently working. I waited until I had a full pension and millions of dol...
by sergeant
Sat Apr 25, 2020 9:12 pm
Forum: Personal Consumer Issues
Topic: I Got Scammed To Send Amazon Gift Cards
Replies: 119
Views: 9341

Re: I Got Scammed To Send Amazon Gift Cards

No one that truly knows me would ever ask me for money. If they did then they don't truly know me.
by sergeant
Sat Apr 25, 2020 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Moving out of NYC due to pandemic
Replies: 164
Views: 12684

Re: Moving out of NYC due to pandemic

Considering family ties SOCAL will be great but the state is so anti-physician, it wont be a wise move. Not a physician but know quite a few. I've never heard anyone say California is anti-physician. Is it because it is litigious? Very low pay...tons of regulations. Please site your source. https:/...
by sergeant
Sat Apr 25, 2020 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Moving out of NYC due to pandemic
Replies: 164
Views: 12684

Re: Moving out of NYC due to pandemic

Considering family ties SOCAL will be great but the state is so anti-physician, it wont be a wise move. Not a physician but know quite a few. I've never heard anyone say California is anti-physician. Is it because it is litigious? Very low pay...tons of regulations. Please site your source.
by sergeant
Sat Apr 25, 2020 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: DD's apartment complex requires renters insurance
Replies: 50
Views: 2062

Re: DD's apartment complex requires renters insurance

Smart move. I've handled thousands of incidents where renters insurance was utilized or could have been used if the victim would have had it. Burglaries and fires being the two most common.
by sergeant
Thu Apr 23, 2020 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Best Covid19 resistant job
Replies: 154
Views: 9605

Re: Best Covid19 resistant job

TP manufacturer.
by sergeant
Thu Apr 23, 2020 2:00 pm
Forum: Personal Investments
Topic: All the upside of the S&P with 10% downside protection "Free"?
Replies: 116
Views: 7843

Re: All the upside of the S&P with 10% downside protection "Free"?

Salesmen have got to Always Be Closing! OP, you have received appropriate information from this board. My MIL has spent way too much money on timeshares and continues to upgrade whenever the sales people get her alone. We stopped letting her be alone with them a handful of years ago. Stay away from ...
by sergeant
Wed Apr 22, 2020 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Any One-More-Year FIRE people sticking to their plan?
Replies: 72
Views: 8298

Re: Any One-More-Year FIRE people sticking to their plan?

Today on bogleheads I learned that I need to save for 100 years of long term care plus the worst great depression in the world. I have three kids so probably I need to worry about 250 years if long term care and I bet a supervolcano will explode at some point too. Stick a fork in me, I'm done. No f...
by sergeant
Wed Apr 22, 2020 4:56 pm
Forum: Personal Investments
Topic: State bankruptcy and pensions
Replies: 14
Views: 1423

Re: State bankruptcy and pensions

Pension through Cal PERS. Was 86% funded before all this. I've been retired for four years. I've always planned for pension to get cut 50% and have invested over the past 38 years with this in mind. The only thing you can do is LBYM, max out your IRA's, max your 457b account, and plan on having your...
by sergeant
Wed Apr 22, 2020 11:06 am
Forum: Personal Investments
Topic: Portfolio Review/Help Please
Replies: 5
Views: 458

Re: Portfolio Review/Help Please

Welcome to the forum. Consolidating from two funds to one in his 457b should be as easy as a phone call to your provider or establishing an account online to manage it. Contact Vanguard and they will help you pull the funds from Primerica. It is a good decision to leave Primerica. Take care of that ...