Search found 932 matches

by sergeant
Thu Nov 15, 2018 12:25 am
Forum: Investing - Theory, News & General
Topic: Are you all staying the course?
Replies: 102
Views: 5830

Re: Are you all staying the course?

No worries here. I've been in Vegas for a week and never checked the market. I'm up a couple grand playing BJ. My playing partner checks the market every morning. A couple days ago he told me that I lost 10X more in one day in the market than I made playing BJ for the week. Didn't bother me a bit.
by sergeant
Fri Nov 09, 2018 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: State retirement pensions thoughts?
Replies: 36
Views: 3724

Re: State retirement pensions thoughts?

A state pension can be a huge part of a financially successful retirement. Manage debt, max IRA's, max 457b, have some in savings, combine with a pension and you're all set.
by sergeant
Mon Nov 05, 2018 11:22 pm
Forum: Investing - Help with Personal Investments
Topic: Pension vs. 457 plan
Replies: 5
Views: 578

Re: Pension vs. 457 plan

I would try to max out both. If you have to only pick one I would look at the pension's funding level. If well-funded I would max the pension first and work as much OT as possible to fully max the 457b.
by sergeant
Mon Nov 05, 2018 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Are we in trouble?
Replies: 106
Views: 12662

Re: Are we in trouble?

I just do not want to make decisions when i am feeling so upset and make things worse and hence looking for some outside perspective. Outside perspective? (IMO) You've purchased more house than you can afford! Twice! Good luck! a 1.2 mil house on 370k of income is hardly unaffordable. It might be. ...
by sergeant
Fri Nov 02, 2018 12:31 pm
Forum: Investing - Theory, News & General
Topic: What does your gut tell you; RMD now or in December?
Replies: 38
Views: 2200

Re: What does your gut tell you; RMD now or in December?

I never listen to my gut. I use facts to make decisions. When in the RMD stage I will pick a date and stick with it.
by sergeant
Tue Oct 30, 2018 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: How much to offer on new construction home
Replies: 31
Views: 2212

Re: How much to offer on new construction home

It's business not personal. Make the offer that you're comfortable with and get the extras you want thrown in. This is a slow time of year for new homes, loan rates have increased, and some prior hot markets are cooling. You're in the driver's seat. You would have gotten a better deal not showing up...
by sergeant
Sat Oct 27, 2018 9:08 pm
Forum: Investing - Theory, News & General
Topic: Total Bond Market Fund - interest rates rising!
Replies: 147
Views: 16546

Re: Total Bond Market Fund - interest rates rising!

Thank you to the contributors of this thread. I have learned a bunch.
by sergeant
Sat Oct 27, 2018 5:25 pm
Forum: Investing - Help with Personal Investments
Topic: How to exit out of the Stock Market?
Replies: 58
Views: 6125

Re: How to exit out of the Stock Market?

I understand and thank you ALL for replying. Such great questions posted and yes, they are making me think about getting things down in writing. I can see it is not easy to get out of the market once your in! There are just so many factors to consider. In a way, it's like they have us hostages to t...
by sergeant
Fri Oct 26, 2018 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Empty nester downsizing - any advice?
Replies: 51
Views: 5485

Re: Empty nester downsizing - any advice?

There is a good chance that your free dinners will dry up. The scamsters rarely send invites to folks that live in apartments. They target home owners in nicer areas. :D
by sergeant
Fri Oct 26, 2018 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: First time home buyer - gut check
Replies: 54
Views: 7030

Re: First time home buyer - gut check

It is normal to worry in your situation. These worries should start to diminish once you move in and the deal is done. You are right in that homes are not an investment and you would be better off financially continuing to rent. Buying a home is a lifestyle choice. Save and pay cash for new furnishi...
by sergeant
Thu Oct 25, 2018 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Making a substantial gift to a college
Replies: 27
Views: 2076

Re: Making a substantial gift to a college

This can work in reverse as well. FIL worked his way through an ivy league university and became a successful professional. When one of his children applied to that school, she was turned down because the school thought that FIL had not donated enough to them. So, she went to another fine universit...
by sergeant
Thu Oct 25, 2018 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: high yield savings account for windfall
Replies: 17
Views: 1640

Re: high yield savings account for windfall

There is a four page post on Ally and their accounts and a nice $1000 bonus for new money. If you and your wife each put $100,000 in new accounts you can double up on the bonus. They have some of the best terms right now with the bonus.
by sergeant
Wed Oct 24, 2018 3:00 pm
Forum: Investing - Theory, News & General
Topic: What's Your Fixed Income Strategy?
Replies: 89
Views: 8579

Re: What's Your Fixed Income Strategy?

I retired a couple years ago. DW will be retiring late next year. My 2% COLA pension provides 3X our minimum funding level. DW 2% COLA will provide 1X our minimum funding level. We are still adding to our investments through DW's deferred comp, Roth IRA's, taxable accounts We have 24+ years of expen...
by sergeant
Wed Oct 24, 2018 2:44 pm
Forum: Investing - Help with Personal Investments
Topic: New AA [Asset Allocation]
Replies: 47
Views: 7771

Re: New AA [Asset Allocation]

Good for you. No fear! Many would be posting that they are going to cash until the market settles.
by sergeant
Tue Oct 23, 2018 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: 2019 Expenses > 2019 Income – Help us close the gap
Replies: 101
Views: 5167

Re: 2019 Expenses > 2019 Income – Help us close the gap

Don't put the cat out, rent all your rooms, start eating cheap ramen etc... just take it from your EF. It's that easy.
by sergeant
Mon Oct 22, 2018 9:13 pm
Forum: Investing - Help with Personal Investments
Topic: Traditional IRA Interfering with Backdoor Roth Converstion
Replies: 14
Views: 810

Re: Traditional IRA Interfering with Backdoor Roth Converstion

Have you figured out how much in tax would be owed on the 45k IRA?
by sergeant
Mon Oct 22, 2018 8:42 pm
Forum: Investing - Help with Personal Investments
Topic: Timing the market - Some say it’s possible?
Replies: 44
Views: 2782

Re: Timing the market - Some say it’s possible?

Maybe some can do it. I certainly can not! I've tried several times and have been terrible at it.
by sergeant
Mon Oct 22, 2018 5:13 pm
Forum: Investing - Help with Personal Investments
Topic: WWYD, OMY? Portfolio, Do we have enough?
Replies: 14
Views: 1322

Re: WWYD, OMY? Portfolio, Do we have enough?

Yes, you can retire. You have adequate assets to support your expenses which I'm guessing will be about 5k a month from what I've read here. I don't like being a landlord nor do I think you should be 100% stocks but if you're comfortable with it then so be it. Managing a farm and rentals isn't every...
by sergeant
Sun Oct 21, 2018 8:00 pm
Forum: Investing - Help with Personal Investments
Topic: Should I sell or rent out my bay area house?
Replies: 27
Views: 2779

Re: Should I sell or rent out my bay area house?

I would absolutely sell it if under the same circumstances you listed. It's a no-brainer for me because I never want to be a landlord and definitely wouldn't be one with a negative cash flow.
by sergeant
Sun Oct 21, 2018 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Put more than 20% down on a house?
Replies: 33
Views: 3598

Re: Put more than 20% down on a house?

Those are incredibly cheap taxes on a house that price. I would jump on this deal right away with 20% or any down payment you are comfortable with. Whatever the P&I payment is almost does not matter since it's far offset by the low tax payment. I would die for taxes like that on house like that. I ...
by sergeant
Fri Oct 19, 2018 1:05 am
Forum: Personal Consumer Issues
Topic: unlicensed repair guy possibly spent our material deposit
Replies: 25
Views: 2954

Re: unlicensed repair guy possibly spent our material deposit

The guy violated California Penal Code section 484b. Call your local law enforcement agency and file a report. Bring the section I mentioned with you in case the patrol person tries to say it's a civil issue. The Da will file the charges and part of his sentence will be to reimburse you. I'm not say...
by sergeant
Mon Oct 15, 2018 1:02 pm
Forum: Investing - Help with Personal Investments
Topic: Feedback on Kai-Zen premium finance life insurance plan
Replies: 19
Views: 1445

Re: Feedback on Kai-Zen premium finance life insurance plan

Hi andy2012, you seem really interested in these type of products based on your past posts. In your prior threads no one has recommended them to you. Did you think that some how this time it would be different?
by sergeant
Sat Oct 13, 2018 9:41 pm
Forum: Investing - Help with Personal Investments
Topic: Please help with asset allocation - 63 yr old
Replies: 13
Views: 1678

Re: Please help with asset allocation - 63 yr old

summerof42 wrote:
Sat Oct 13, 2018 9:34 pm
Similar posts to mine have been posted on this site with replies of recommended fund allocation, which is merely what I am looking for. I'm sure there's room for improvement.
Ok, why not just put it in the Vanguard balanced fund where available. There's your 60/40 which is a viable AA for most.
by sergeant
Fri Oct 12, 2018 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: Pension terminated .. have options
Replies: 28
Views: 3637

Re: Pension terminated .. have options

I would take the 5% guarantee and count it as F.I. for AA purposes. We don't know enough about your finances to help you make the best decision. Are you all set with your financial plan and this is a small part of it? It does worry me that you are concerned about the ability to take a loan against t...
by sergeant
Fri Oct 12, 2018 6:18 pm
Forum: Investing - Help with Personal Investments
Topic: Get out of syndications?
Replies: 17
Views: 2187

Re: Get out of syndications?

Most here would agree that you are too concentrated in RE and should follow your plan to increase other assets. Some will say that you are way too concentrated in RE and should get out of your syndications asap. I like your plan of slowly lowering RE as a percentage of assets.
by sergeant
Fri Oct 12, 2018 5:56 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7832
Views: 1607243

Re: U.S. stocks in freefall

willthrill81 wrote:
Fri Oct 12, 2018 10:51 am
letsgobobby wrote:
Fri Oct 12, 2018 10:24 am
will, gotcha, you are using, what, the derivative of the unemployment rate?
The current UER compared to its 12 month moving average, which is what is referenced in the quote I linked to.
Interesting article, thanks for the link.
by sergeant
Thu Oct 11, 2018 11:55 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7832
Views: 1607243

Re: U.S. stocks in freefall

As it turns out, most of the time there have been 3%+ market losses they occurred when the market was doing a larger correction. So, it probably isn't over yet folks, even if there is a bounce - duck and cover! Unfortunately, 3%+ down days tend to occur during market sell-offs. I looked back at eve...
by sergeant
Thu Oct 11, 2018 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Lump sum instead of pension
Replies: 23
Views: 1270

Re: Pension instead of lump sum -- a no brainer?

Your numbers are way off. Back of the napkin says it will take you over a hundred years for $25,000 to get near a million at 3.5%. How old are you?
by sergeant
Wed Oct 10, 2018 6:55 pm
Forum: Investing - Theory, News & General
Topic: When will you backup the truck on stocks
Replies: 102
Views: 9869

Re: When will you backup the truck on stocks

30% drop would get my attention. I'm usually at 50/50 but drifted down to 35/65 over the past six months due to valuations and receiving a lawsuit settlement that I stuck in Prime MM. I would go back to 50/50 in a heartbeat if the market lost 40%. Today wasn't even interesting.
by sergeant
Tue Oct 09, 2018 10:42 pm
Forum: Personal Consumer Issues
Topic: Thinking of moving to Texas, Iowa, Idaho, or North Carolina
Replies: 216
Views: 15519

Re: Thinking of moving to Texas, Iowa, Idaho, or North Carolina

Definitely recommend getting accurate tax advice on the current home. Changing ownership may have a huge impact on property taxes. California reassesses tax base upon sale and you have a $260K increase in home value. In California parents pass on the current property tax to children when they trans...
by sergeant
Sun Oct 07, 2018 5:14 pm
Forum: Personal Consumer Issues
Topic: Thinking of moving to Texas, Iowa, Idaho, or North Carolina
Replies: 216
Views: 15519

Re: Thinking of moving to Texas, Iowa, Idaho, or North Carolina

Definitely recommend getting accurate tax advice on the current home. Changing ownership may have a huge impact on property taxes. California reassesses tax base upon sale and you have a $260K increase in home value. In California parents pass on the current property tax to children when they trans...
by sergeant
Tue Oct 02, 2018 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Root of Good's cost of raising a child: $3,300 per year
Replies: 163
Views: 5676

Re: Root of Good's cost of raising a child: $3,300 per year

My SIL has a 7 year old daughter that costs her about 70k a year. 35k for private school. The rest towards tutors, private coaches, music lessons for multiple instruments, gymnastics, language lessons, swim team, soccer, softball, karate, track and field, Disneyland, Legoland, special daughter/mothe...
by sergeant
Tue Oct 02, 2018 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: 49 at a crossroads and seeking investment advice
Replies: 31
Views: 5321

Re: 49 at a crossroads and seeking investment advice

What do you mean by "insured fixed income options"? Hopefully not options or another bogus annuity. Congratulations on your wife's improving health and the success of your children. You are now invested in a low-cost manner in an AA that you seem comfortable with. Stop tinkering. You can't time the ...
by sergeant
Tue Oct 02, 2018 2:28 pm
Forum: Investing - Help with Personal Investments
Topic: Suggestions for Investing $250,000?
Replies: 7
Views: 1149

Re: Suggestions for Investing $250,000?

Are you really doing Roth conversions or backdoor Roths? Do you really pay $500,000 in mortgage interest or do you have a $500,000 mortgage?
by sergeant
Thu Sep 27, 2018 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: Pension vs 401k, help
Replies: 31
Views: 2158

Re: Pension vs 401k, help

Florida's Pension Plan is very well funded at 86% of obligations. Anything above 80% is considered well funded. Not really! You can google"80% hall of shame" and hear from a real expert why the 80% isn't a good funding level. I do think that OP would be fine under both stated scenarios. If she stay...
by sergeant
Wed Sep 26, 2018 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: What is the sentence for laminating a Medicare Card?
Replies: 38
Views: 8963

Re: What is the sentence for laminating a Medicare Card?

Every time I arrested a rapist or murderer they asked why I was wasting my time on them while all the seniors were getting away with laminating their Medicare cards. :wink:
by sergeant
Wed Sep 26, 2018 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: I see now why Rollovers can take FOREVER ....
Replies: 74
Views: 7940

Re: I see now why Rollovers can take FOREVER ....

I recently transferred a large sum from my ICMA-RC 457b account to a Vanguard IRA in order to start Roth conversions. Took about a week and there were zero problems.
by sergeant
Wed Sep 26, 2018 8:42 pm
Forum: Investing - Help with Personal Investments
Topic: Pension vs 401k, help
Replies: 31
Views: 2158

Re: Pension vs 401k, help

Florida's Pension Plan is very well funded at 86% of obligations. Anything above 80% is considered well funded. Not really! You can google"80% hall of shame" and hear from a real expert why the 80% isn't a good funding level. I do think that OP would be fine under both stated scenarios. If she stay...
by sergeant
Wed Sep 26, 2018 7:34 pm
Forum: Investing - Help with Personal Investments
Topic: SIL - 25x vs firecalc
Replies: 39
Views: 4200

Re: SIL - 25x vs firecalc

Yes, if let to her own devices she will run through her nest egg. She has been enabled for years. She will have a pension and SS. I doubt she will end up in a van down by the river. There is absolutely nothing you can do to change anything. Let it go and send her $ when she needs it. This is just no...
by sergeant
Thu Sep 20, 2018 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Can I really retire? Please check my math and poke holes.
Replies: 48
Views: 5863

Re: Can I really retire? Please check my math and poke holes.

dknightd wrote:
Thu Sep 20, 2018 12:57 pm
I basically told my boss to F@ today. I may not have a job tomorrow. I guess it was time before I knew it.
Yikes! There goes that respect thing. Time for you to pull the plug and retire.
by sergeant
Tue Sep 18, 2018 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: I see now why Rollovers can take FOREVER ....
Replies: 74
Views: 7940

Re: I see now why Rollovers can take FOREVER ....

Dearest Brother-In- Law, for all the pleasure that you have brought me through the years I have bequeathed you my inactive TIAA 403b account.
by sergeant
Tue Sep 18, 2018 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Elderly parents are in debt - Need advice
Replies: 39
Views: 4852

Re: Elderly parents are in debt - Need advice

I would let the chips fall where they fall. What if you or an immediate family member is involved in an incident that brings civil liability just before he dies? The 200k would be at risk. What if you inherit the 200k, co-mingle assets, and your spouse files for divorce? Probably a whole lot of othe...
by sergeant
Tue Sep 18, 2018 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Can I really retire? Please check my math and poke holes.
Replies: 48
Views: 5863

Re: Can I really retire? Please check my math and poke holes.

Your numbers add up. I don't understand the buckets comment nor do I agree taking just from fixed income during that time prior to you collecting SS. Why not just take from the entire portfolio?


Good luck with your retirement. :sharebeer
by sergeant
Tue Sep 18, 2018 7:14 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7832
Views: 1607243

Re: U.S. stocks in freefall

I last rebalanced back in December 2017. Continuing on my program of mild rebalancing that has continued since July 2013. So I am five years into this program. My rebalancing is mild as each time I have sold 1% or less each time. That should put me at about 65% stocks and 35% bonds and cash. Market...
by sergeant
Tue Sep 18, 2018 6:53 pm
Forum: Investing - Help with Personal Investments
Topic: Taking Over Management of $7M Portfolio - Need Review/Help Allocating
Replies: 50
Views: 4125

Re: Taking Over Management of $7M Portfolio - Need Review/Help Allocating

Nate79 wrote:
Tue Sep 18, 2018 6:44 pm
I would have her transfer everything to Vanguard PAS advisory service and stay out of making recommendations.
I agree 100%!
by sergeant
Tue Sep 18, 2018 2:04 pm
Forum: Investing - Theory, News & General
Topic: Equity in house / Do you use it?
Replies: 56
Views: 3564

Re: Equity in house / Do you use it?

No. I also have equity in my truck and don't take car title loans.
by sergeant
Tue Sep 18, 2018 1:52 pm
Forum: Investing - Theory, News & General
Topic: How can I buy ALIBABA and TENCENT stock?
Replies: 29
Views: 2658

Re: How can I buy ALIBABA and TENCENT stock?

If you really believe all that you write about real estate, and I believe that you do, it makes no sense not to put everything you have into real estate. Good luck with whatever you decide, do let us know.
by sergeant
Sat Sep 15, 2018 4:21 pm
Forum: Investing - Theory, News & General
Topic: Age in Bonds - Still Recommended?
Replies: 152
Views: 11887

Re: Age in Bonds - Still Recommended?

We have 20+ years of expenses in FI. We have 20+ years expenses in equities. We are about 50/50 at 55 years of age. My pension provides 3X our expenses. DW's income provides 1.5X expenses. She retires next year and her pension will provide 1x expenses. I don't feel the need to take more risk since ...
by sergeant
Sat Sep 15, 2018 3:27 pm
Forum: Investing - Theory, News & General
Topic: Age in Bonds - Still Recommended?
Replies: 152
Views: 11887

Re: Age in Bonds - Still Recommended?

We have 20+ years of expenses in FI. We have 20+ years expenses in equities. We are about 50/50 at 55 years of age. My pension provides 3X our expenses. DW's income provides 1.5X expenses. She retires next year and her pension will provide 1x expenses. I don't feel the need to take more risk since i...
by sergeant
Fri Sep 14, 2018 8:48 pm
Forum: Investing - Help with Personal Investments
Topic: Planning to Contact Vanguard
Replies: 29
Views: 1882

Re: Planning to Contact Vanguard

What just happened here? What did the OP do wrong, what did we do wrong? I don't think it was intended, but an edge came though. Paul He started a thread two years ago and disappeared on that one too. Part of that thread was that attorneys wouldn't answer his estate questions for free. In this most...