Search found 893 matches

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: 5511

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: 58
Views: 5324

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: 4586

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: 5511

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: 6845
Views: 1495878

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: 3923

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: 3276

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: 2502

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: 142
Views: 9987

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: 142
Views: 9987

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: 1759

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...
by sergeant
Fri Sep 14, 2018 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: Planning to Contact Vanguard
Replies: 29
Views: 1759

Re: Planning to Contact Vanguard

Right, but how could I make a switch and move the assets to VG funds without knowing their plan? I'd have to give them $10k to figure that out. This only furthers my argument that the common man could not ever really retire. The system is designed to destroy and eat normal people. I'm a common guy ...
by sergeant
Thu Sep 13, 2018 9:50 pm
Forum: Investing - Help with Personal Investments
Topic: Flipping a home Resident Physician flipping a home while in debt? help me weigh my pros and cons
Replies: 21
Views: 1388

Re: Flipping a home Resident Physician flipping a home while in debt? help me weigh my pros and cons

Beware "Blah, blah, blah, 5 income streams from real estate" advice. Go back to WCI. What does he recommend?
by sergeant
Thu Sep 13, 2018 9:42 pm
Forum: Investing - Help with Personal Investments
Topic: Frozen In Place - Buying a Home - Don't know what to do
Replies: 13
Views: 919

Re: Frozen In Place - Buying a Home - Don't know what to do

Do a rent vs, buy calculation to see what leaves the largest amount for your heirs. I definitely WOULD NOT shortchange my comfort to leave my heirs more money. As Nike says "just do it." If you at least give your age you might get better informed input.
by sergeant
Tue Sep 11, 2018 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Working for a municipality
Replies: 26
Views: 2414

Re: Working for a municipality

It always helps to talk to people at the organization prior to the interview. Mention who you spoke with and what you learned during the interview. Of course, don't snitch anyone off or mention anything negative during the interview. I loved working for a municipality.
by sergeant
Mon Sep 10, 2018 4:09 pm
Forum: Personal Consumer Issues
Topic: Botched countertop installation - leave it as-is or risk the repair?
Replies: 78
Views: 8247

Re: Botched countertop installation - leave it as-is or risk the repair?

I would probably just do a better job on the caulk and not make it a major deal but totally support you're decision to have them do it to manufacturers specs.
by sergeant
Mon Sep 10, 2018 2:09 pm
Forum: Investing - Help with Personal Investments
Topic: Paying off mortgage with 87K left on it
Replies: 69
Views: 6079

Re: Paying off mortgage with 87K left on it

I would pay off the mortgage, get a new Toyota truck, change AA to 70/30, and roll your rollover IRA to your 401k (if they allow it) so you can do backdoor Roth.
by sergeant
Sun Sep 09, 2018 10:44 pm
Forum: Investing - Theory, News & General
Topic: Commodities have never been cheaper - time to buy?
Replies: 46
Views: 4873

Re: Commodities have never been cheaper - time to buy?

market timer wrote:
Sun Sep 09, 2018 10:10 am
Yes, I like commodities now.

My portfolio looks something like this:

20% gold
15% crude oil (via long-dated futures)
15% emerging markets equities
10% non-US developed markets equities
25% long term bonds
15% cash
How did your Tesla short go?
by sergeant
Sun Sep 09, 2018 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: I think my father has a gambling problem
Replies: 78
Views: 6669

Re: I think my father has a gambling problem

If he's mentally sharp, he should learn how to WIN. It's not that hard to have an edge over casinos. You need some specialized knowledge and lots of discipline. Start here: https://www.amazon.com/Advanced-Advantage-Play-Safeguarding-Promotions/dp/1883423392/ref=sr_1_1?ie=UTF8&qid=1536520006&sr=8-1&...
by sergeant
Sun Sep 09, 2018 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Successful techniques to helping parents be less risky?
Replies: 15
Views: 1188

Re: Successful techniques to helping parents be less risky?

I don't know any and haven't met anyone that knows someone that does.
by sergeant
Sun Sep 09, 2018 3:49 pm
Forum: Investing - Help with Personal Investments
Topic: Early retirement fund choice (Roth IRA & 457)
Replies: 7
Views: 539

Re: Early retirement fund choice (Roth IRA & 457)

I guess going to target date funds would be fine as long as your AA desires are met. I'm not sure what you are asking in regards to doing a backdoor Roth? Are you confusing the backdoor with Roth conversions? If you're asking whether it is best to take from bonds or equities, it depends. There are m...
by sergeant
Sun Sep 09, 2018 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: Early retirement fund choice (Roth IRA & 457)
Replies: 7
Views: 539

Re: Early retirement fund choice (Roth IRA & 457)

To answer your question we would need to know what funds/AA you're moving from, but really it's your call and you've been here for awhile and seem to have a good understanding of this.
by sergeant
Sat Sep 08, 2018 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: Switching Careers - From IT to Police Officer
Replies: 23
Views: 2302

Re: Switching Careers - From IT to Police Officer

I did 32 years and loved most everyday. You can do pretty well financially in many areas but some places pay horribly. Seattle pays well, has a decent 457b, and OT is available. Police pensions are solid and allow an early retirement, though Illinois and a few other places have pension issues. When ...
by sergeant
Fri Sep 07, 2018 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: new homes being built next door, effect on value of my home?
Replies: 20
Views: 2060

Re: new homes being built next door, effect on value of my home?

Too many variables to give an answer. I guess some people may not like to live next to ongoing construction and it's inherent noise, and parking issues. Real estate is local!
by sergeant
Fri Sep 07, 2018 6:05 pm
Forum: Investing - Theory, News & General
Topic: D. E. Shaw fund prospectus - would you invest?
Replies: 35
Views: 2191

Re: D. E. Shaw fund prospectus - would you invest?

No! AND market returns are not always slow and steady AND Bogleheads complain plenty!
by sergeant
Fri Sep 07, 2018 5:47 pm
Forum: Investing - Help with Personal Investments
Topic: Newly retired - need to make a big change
Replies: 51
Views: 10055

Re: Newly retired - need to make a big change

Good job, and thanks for the updates. Don't worry about the international stock choice, many here agree with you. Disclosure: I'm about 30% international so obviously think differently.
by sergeant
Thu Aug 30, 2018 1:06 pm
Forum: Investing - Help with Personal Investments
Topic: 457(b) error
Replies: 7
Views: 802

Re: 457(b) error

Well, at least you didn't find a bone in your chicken at Chipotle. Seriously though, this is your responsibility not your employers.
by sergeant
Wed Aug 29, 2018 2:09 pm
Forum: Personal Consumer Issues
Topic: How to repel wild dogs?
Replies: 65
Views: 5332

Re: How to repel wild dogs?

One Ping wrote:
Tue Aug 28, 2018 11:14 pm
Would pepper/bear/OC spray work to discourage the local raccoons from using our backyard as a hangout/latrine? :twisted:
If you directly spray them maybe. If you're just going to spray the area then probably not. I would recommend trap and euthanize.
by sergeant
Wed Aug 29, 2018 1:28 pm
Forum: Investing - Theory, News & General
Topic: Pensions and retirement savings rate
Replies: 30
Views: 2552

Re: Pensions and retirement savings rate

I never tried to save a certain percentage of my income. I paid 9% towards DB pension. I always tried to max 457b, kept debt to a minimum, saved for kids college, leftover money went into taxable accounts, contributed to IRA, DW did the same and it all worked out fine.
by sergeant
Tue Aug 28, 2018 10:41 pm
Forum: Investing - Help with Personal Investments
Topic: What do you know about LPL Financial?
Replies: 26
Views: 2411

Re: What do you know about LPL Financial?

LPL is the largest independent broker dealer in the US. They have 15,000 plus financial advisors. A friend of mine told me that independent broker dealers used to derive most of their money from trading stock commissions and loaded mutual fund sales. If I recall correctly, that has shifted more tow...
by sergeant
Tue Aug 28, 2018 2:37 pm
Forum: Personal Consumer Issues
Topic: How to repel wild dogs?
Replies: 65
Views: 5332

Re: How to repel wild dogs?

I have used OC on over 100 humans and over 2 dozen dogs with great success. I was our main chemical spray instructor for 15 years. Get a quality product that sprays 15 feet at least. Dealing with dogs can be tricky. OC will work after commands fail. I was our K9 supervisor for almost 20 years and ha...
by sergeant
Tue Aug 28, 2018 2:00 pm
Forum: Investing - Help with Personal Investments
Topic: thinking of paying off mortgage pls help
Replies: 51
Views: 2823

Re: thinking of paying off mortgage pls help

Paying off the mortgage would be a good idea. Sorry for your loss. Take your time making financial decisions. Thank goodness your husband left you in good financial shape. Please beware of salesmen that want to get their hands on your money. Your idea to place the remainder of the 800k into low cos...
by sergeant
Tue Aug 28, 2018 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: Retired Cop/Wannabe Boglehead Needs a Bit of Help
Replies: 16
Views: 1649

Re: Retired Cop/Wannabe Boglehead Needs a Bit of Help

Paying the 1% isn't an optimal strategy but we see much worse here. I would try to pump up the return on your savings account by going with a CD with no EWP or Prime MM. Keep reading and learning. The wiki has loads of good information. Too bad you're retired already I would be telling you to max yo...
by sergeant
Tue Aug 28, 2018 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: thinking of paying off mortgage pls help
Replies: 51
Views: 2823

Re: thinking of paying off mortgage pls help

OP, <<we have 3 kids (14, 14 and 12) >> 1) Between keeping the house versus funding your kids through college, what would you choose? <<I am planning to go back to school in a comm college next year to further improve my income earning potential. >> 2) How are you going to pay for your own college?...
by sergeant
Tue Aug 28, 2018 12:53 pm
Forum: Investing - Help with Personal Investments
Topic: thinking of paying off mortgage pls help
Replies: 51
Views: 2823

Re: thinking of paying off mortgage pls help

Paying off the mortgage would be a good idea. Sorry for your loss. Take your time making financial decisions. Thank goodness your husband left you in good financial shape. Please beware of salesmen that want to get their hands on your money. Your idea to place the remainder of the 800k into low cost...
by sergeant
Mon Aug 27, 2018 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Getting out of vacation club contract
Replies: 10
Views: 1842

Re: Getting out of vacation club contract

Why do you care about their credit rating? I briefly browsed your other thread and they look pretty close to judgement proof. My friend's dad was in a similar position. He just had his dad stop making the monthly payment. That was 8 years ago and nothing bad happened.
by sergeant
Thu Aug 23, 2018 10:09 pm
Forum: Investing - Help with Personal Investments
Topic: Where to stash funds for adult daughter?
Replies: 15
Views: 1837

Re: Where to stash funds for adult daughter?

Sounds like you have already "stashed" it, not for but away from...not enough info was given for me to give a recommendation.
by sergeant
Wed Aug 22, 2018 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Two cars (90K) and 75K home renovation? (retiring in 4 yrs)
Replies: 19
Views: 1703

Re: Two cars (90K) and 75K home renovation? (retiring in 4 yrs)

If your concerns are real then maybe you should each work an extra year to pay for the two cars and home renovations. I think you would be fine making the purchases now though.
by sergeant
Wed Aug 22, 2018 6:20 pm
Forum: Investing - Help with Personal Investments
Topic: Am I Wrong for being 100% Equities ?
Replies: 62
Views: 5617

Re: Am I Wrong for being 100% Equities ?

What are your income needs in retirement?
by sergeant
Tue Aug 21, 2018 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Do Universities "Bait and Switch" Financial Aid?
Replies: 16
Views: 1420

Re: Do Universities "Bait and Switch" Financial Aid?

I had this same thought for both of my children. They both did four years at their schools with no change to their scholarships. Tuition did go up about 4% a year though.
by sergeant
Tue Aug 21, 2018 5:37 pm
Forum: Investing - Help with Personal Investments
Topic: What should I do with my pension lump sum?
Replies: 11
Views: 1192

Re: What should I do with my pension lump sum?

Is the lump sum now or two years from now the only option? Based on the extremely limited information, I would wait the two years and then have it put in a low-cost IRA consisting of an appropriate target date retirement fund.
by sergeant
Mon Aug 20, 2018 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Edward Jones rep door knocking
Replies: 90
Views: 8699

Re: Edward Jones rep door knocking

FBN2014, You can move to a gated community to curtail such visits. We have one gated community in my town. I know the code, though. I suspect everyone does. The EJ door to door is part of the I just never answer my door unless I am expecting someone. Why answer the door if you don't know who it is?...
by sergeant
Mon Aug 20, 2018 1:02 pm
Forum: Personal Consumer Issues
Topic: Reckless driving ticket in VA-Help!
Replies: 124
Views: 7596

Re: Reckless driving ticket in VA-Help!

westie wrote:
Sun Aug 19, 2018 7:42 am
Can't say it doesn't happen, but instances of cops not showing up for court don't happen much anymore.
Happens in about 40% of traffic cases in my area. Happens in about 0% in true criminal cases. CHP shows up about 95% of traffic cases. Local agencies much less.
by sergeant
Thu Aug 16, 2018 9:55 am
Forum: Investing - Theory, News & General
Topic: Article: A family of 3 gets by in San Francisco without anyone working a job
Replies: 9
Views: 1622

Re: Article: A family of 3 gets by in San Francisco without anyone working a job

6 years severance probably helped! To those who haven't read the article, don't bother!
by sergeant
Mon Aug 13, 2018 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: Clarification ref Governmental 457b distributions
Replies: 11
Views: 748

Re: Clarification ref Governmental 457b distributions

457b withdrawals are "penalty-free", but are subject to the underlying taxation. This means that traditional (pre-tax) 457b distributions are 100% subject to ordinary income tax. Unlike a Roth IRA where there are ordering rules allowing contributions and 5+ year conversions to come out tax-free. No...
by sergeant
Sun Aug 12, 2018 10:20 pm
Forum: Investing - Help with Personal Investments
Topic: Clarification ref Governmental 457b distributions
Replies: 11
Views: 748

Re: Clarification ref Governmental 457b distributions

No, that's incorrect. You will owe no taxes on any part of the Roth portion. You have already paid those taxes.


The non Roth 457b will be considered income for tax purposes.
by sergeant
Sun Aug 12, 2018 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing a house, downpayment vs. retirement and other considerations
Replies: 170
Views: 8518

Re: Purchasing a house, downpayment vs. retirement and other considerations

Congratulations on the home purchase. I hope it all works out for you. Did the in laws come through with the 200k down payment?
by sergeant
Sat Aug 11, 2018 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: What to ask agent when seeking to cash out of Whole-Life policy?
Replies: 28
Views: 1988

Re: What to ask agent when seeking to cash out of Whole-Life policy?

At the moment I don’t think I do. But I’m wondering if I should wait til I retire and then get term life, just so I can leave something for the wife and kids You're not required to leave "something" to your heirs. If there is a need to be met, then get an appropriate term policy. If you need to get...
by sergeant
Sat Aug 11, 2018 12:45 pm
Forum: Investing - Help with Personal Investments
Topic: Buy back service time on pension
Replies: 42
Views: 3422

Re: Buy back service time on pension

Thanks Madbull. My Pension people aren't always very helpful, but I'll give it a try. Here's a another thought. We are in the 24% tax bracket. The $58,643 cost to buy back the service time would come out of my paycheck pre-tax. So doesn't that mean that on $58,643, it's a $14,074 savings that would...
by sergeant
Fri Aug 10, 2018 10:42 pm
Forum: Investing - Help with Personal Investments
Topic: Buy back service time on pension
Replies: 42
Views: 3422

Re: Buy back service time on pension

In every single question on buying time in public pensions on this site it is a no-brainer to do the purchase. Retirement boards have made it less lucrative over the past few years but it is still the way to go. 70% funding isn't great for sure and would give me some concern. What is your current ag...