Search found 1595 matches

by sergeant
Fri Sep 25, 2020 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Gift Tax Question
Replies: 10
Views: 544

Re: Gift Tax Question

You won't have to pay any tax. Just give them the car and file the appropriate Form 709 when you do your taxes.

Fear of the dreaded "gift tax" is way over done. Not an issue for 99.9% of us folks with estates less than 12 million dollars.
by sergeant
Thu Sep 24, 2020 4:18 pm
Forum: Personal Investments
Topic: Does my house payment budget make sense?
Replies: 24
Views: 2517

Re: Does my house payment budget make sense?

Where is the down payment coming from? It matters. If you are going to deplete your taxable savings for the down payment you will get different advice. Comes from the $675K of non-retirement savings. Figure $200K-$300K assuming range we're dealing with is $1.0M to $1.5M and 20% down, leaving with n...
by sergeant
Thu Sep 24, 2020 3:40 pm
Forum: Personal Investments
Topic: Does my house payment budget make sense?
Replies: 24
Views: 2517

Re: Does my house payment budget make sense?

Where is the down payment coming from? It matters. If you are going to deplete your taxable savings for the down payment you will get different advice.
by sergeant
Thu Sep 24, 2020 12:17 pm
Forum: Investing - Theory, News & General
Topic: Is anyone waiting until after the election?
Replies: 145
Views: 12988

Re: Is anyone waiting until after the election?

Nope. Timing based on elections doesn't lead to optimal results. Just look at the last election.
by sergeant
Tue Sep 22, 2020 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Should we pay our 2.75% interest mortgage sooner?
Replies: 23
Views: 3652

Re: Should we pay our 2.75% interest mortgage sooner?

The IRA's should be your #1 course of action. The EF increase would be next on my list followed by the mortgage reduction. For me 6 months EF is more than adequate as I had very stable employment.
by sergeant
Mon Sep 14, 2020 10:06 pm
Forum: Investing - Theory, News & General
Topic: Variable Universal Life Insurance Experts - Seems Like a No Brainer - Please Read
Replies: 90
Views: 4453

Re: Variable Universal Life Insurance Experts - Seems Like a No Brainer - Please Read

OP, congratulations! You seem to have found a product that works for you. Not sure why you're asking for opinions and not posting what exact product you are interested in? Let us know how it goes. Good luck.
by sergeant
Mon Sep 14, 2020 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate Agents: Advice Wanted
Replies: 12
Views: 1175

Re: Real Estate Agents: Advice Wanted

I'm not a real estate agent but agree with others that this needs to be fixed. I helped a handyman friend repair a similar issue a few years ago at my neighbor's home.
by sergeant
Sun Sep 13, 2020 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Home Build - What to do with current house?
Replies: 7
Views: 944

Re: Home Build - What to do with current house?

OP, good choice. Max out all your retirement accounts. I think you will have greater success building wealth through equities than rentals.
by sergeant
Sun Sep 13, 2020 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Incentives? New Construction - California
Replies: 1
Views: 193

Re: Tax Incentives? New Construction - California

Are you prior military? Are you a first time home buyer? California has incentives for certain purchasers. We are looking for a second home in SB County. I want solar panels. Check your micro-climate, it may make sense to have solar.
by sergeant
Sat Sep 12, 2020 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Should we buy a $3M+ house with parental help?
Replies: 167
Views: 11582

Re: Should we buy a $3M+ house with parental help?

I would accept the gift and start looking for a home. We are very methodical and would probably need a couple years to find the right home. Good luck and let us know what you decide to do.
by sergeant
Sat Sep 12, 2020 12:18 pm
Forum: Personal Investments
Topic: Father has 300k+ as a 68 year old. What investing strategy would you advise?
Replies: 33
Views: 4469

Re: Father has 300k+ as a 68 year old. What investing strategy would you advise?

OP, I think you and your father would be best served by recommending VPAS. You are not the best person to manage his finances.
by sergeant
Wed Sep 09, 2020 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Rice & Beans [limiting food expenses]
Replies: 96
Views: 13922

Re: Rice & Beans [limiting food expenses]

OP was active in March of this year so probably still around. I wonder how the marriage went and what he is eating. Hopefully better than just beans and rice.
by sergeant
Wed Sep 09, 2020 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: ‘Play money’ invested by Dad growing huge - what would you do?
Replies: 99
Views: 13135

Re: ‘Play money’ invested by Dad growing huge - what would you do?

celia wrote: Thu Sep 03, 2020 2:18 am
tim1999 wrote: Wed Sep 02, 2020 10:54 pm I swear I'm the only person not getting rich off Tesla right now. I may buy a share just to put an end to the endless price increase and make it go down.
Please do! I will only buy if it goes down significantly (at least 20%). :D
How much did you buy?
by sergeant
Wed Sep 09, 2020 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Check my thinking on investing in our home
Replies: 15
Views: 1369

Re: Check my thinking on investing in our home

I would question that the value of your home only increases and that you will recoup 100% of the improvement costs. I would make the improvements though. There is something to be said about enjoying your home. You're still contributing to accounts through your wife's income. Are you doing the work y...
by sergeant
Mon Sep 07, 2020 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Cancel Husband's Term Insurance?
Replies: 41
Views: 3264

Re: Should I Cancel Husband's Term Insurance?

A very quick and back of the envelope guesstimate says that you should obtain a million dollar, ten year term policy on your husband and then cancel the current policy. You know your situation better than anyone else though. What does your husband think?
by sergeant
Mon Sep 07, 2020 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Any gaps in our thinking?
Replies: 46
Views: 3442

Re: Any gaps in our thinking?

Updated plan of selling the townhome gets my total approval. Good luck to you.
by sergeant
Mon Sep 07, 2020 3:08 pm
Forum: Personal Investments
Topic: Additional investment when the market is down
Replies: 54
Views: 3718

Re: Additional investment when the market is down

I would lump it into an AA that allows me to SWAN. OP would probably end up way better off picking a balanced fund and taking their emotions out of the whole equation.
by sergeant
Tue Sep 01, 2020 3:34 pm
Forum: Investing - Theory, News & General
Topic: Investors Were Warned.
Replies: 171
Views: 14301

Re: Investors Were Warned.

I appreciate all the warnings but I'm doing fine with my small and midcap blend tilt. I could never decide if the value folks or the growth folks had a better argument so went with blend 30 years ago. I also invest outside the US and feel fine with the greater diversification.
by sergeant
Tue Sep 01, 2020 3:04 pm
Forum: Personal Investments
Topic: Buying Pension Time
Replies: 21
Views: 1245

Re: Buying Pension Time

Usually, it is a no-brainer decision to buy service time. That is why so many pension systems have curtailed it. A quick skim of your circumstances indicate that it is not a no-brainer decision. If you were going to stick around for another decade and receive some pay raises I would say buy the serv...
by sergeant
Thu Aug 27, 2020 1:44 pm
Forum: Personal Investments
Topic: Add to 457b or start taxable?
Replies: 15
Views: 1163

Re: Add to 457b or start taxable?

1. Seems the 6 month EF and 35k in the CD should take care of any big purchases. How about splitting the difference and increasing 457b contributions by half and the other half goes into your CD?
2. Depends on what AA you are comfortable with. Your current AA looks fine.
by sergeant
Wed Aug 26, 2020 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: Maintenance and Repair of HVAC, Water Heaters, etc
Replies: 28
Views: 2456

Re: Maintenance and Repair of HVAC, Water Heaters, etc

Re hose the AC units, doesn't rain take care of that? Anyone has experience with a good home warranty company? Few years back they were asking for 400 a year and 60 per call. So if you had one hvac call and one plumbing issue, you covered the cost I think that "a good home warranty company" is an o...
by sergeant
Fri Aug 21, 2020 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Should I become a Professional Gambler?
Replies: 84
Views: 8310

Re: Should I become a Professional Gambler?

The lifestyle seems horrible. I was an AP BJ player years ago but as I aged I quit enjoying it and actually get headaches now when I count for over a couple hours. I still play as a ploppy a few times a year with friends for an hour or two per session. If you have a serious play that no one else kno...
by sergeant
Fri Aug 21, 2020 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Cash out refinance
Replies: 10
Views: 486

Re: Cash out refinance

You could save for it. Might take a year or two, until then I'm sure the wife and kids could hit the community pool during off hours when no one else is around. Have you checked in with your HOA to curb the improper behavior?
by sergeant
Fri Aug 21, 2020 1:29 pm
Forum: Personal Investments
Topic: Real estate continues to soar (great for landlords)
Replies: 71
Views: 5906

Re: Real estate continues to soar (great for landlords)

tomtoms wrote: Fri Aug 21, 2020 11:58 am RE is up 8.5%:

https://www.nar.realtor/newsroom/existi ... -7-in-july

Is it safe to say real estate investing has provided the best return this year?
Gold and silver have appreciated more.
by sergeant
Fri Aug 21, 2020 12:58 pm
Forum: Personal Investments
Topic: Please review my de-risking/cash-out plan
Replies: 111
Views: 5479

Re: Please review my de-risking/cash-out plan

I'm not sure why this Poster asks for advice. Nothing will change his mind and when people give reasoned answers the Poster argues and dismisses their input. :annoyed To anyone else in the same position as KF, I recommend paying off your mortgage and simplifying your AA not making it more complex. T...
by sergeant
Fri Aug 21, 2020 12:27 pm
Forum: Personal Investments
Topic: When to transition away from Target Date fund
Replies: 25
Views: 2485

Re: When to transition away from Target Date fund

I concur with those who say to stay in the TD fund. The simplification and expert management is worth the small expense.
by sergeant
Thu Aug 13, 2020 9:23 pm
Forum: Personal Consumer Issues
Topic: Products that last forever
Replies: 238
Views: 15601

Re: Products that last forever

I have a shotgun more than 100 years old. My oldest item that I own is a Prentiss vise that I use several times a week. It was made around 1904 and belonged to my FIL. After he passed I took it home and did a rebuild and paint. Works great. I have many made in America tools and tool boxes that I bet...
by sergeant
Thu Aug 13, 2020 8:44 pm
Forum: Personal Investments
Topic: $20,000 windfall- Help!
Replies: 67
Views: 4227

Re: $20,000 windfall- Help!

Windfall usually means a significant amount of money. 20k is not a significant amount of money for you as you say it is less than 1% of your NW. I would just plug it into my AA. I would also take the dream vacation that you want to go on. We did a dream vacation to Europe late last year. My wife wan...
by sergeant
Thu Aug 13, 2020 2:17 pm
Forum: Personal Investments
Topic: Assets going from 600K->15M, should I change my asset allocation?
Replies: 175
Views: 17588

Re: Assets going from 600K->15M, should I change my asset allocation?

Again. It’s possible to invest in the total market without accepting large dividends. Not in the US, unfortunately. Neither VUG nor the tax managed funds will mimic it. Futures, with the $15M in T-bills as collateral. That’s just one idea and I’m not even an expert. Imagine what a good advisor coul...
by sergeant
Sat Aug 08, 2020 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Starting divorce process - how to succeed financially?
Replies: 79
Views: 10299

Re: Starting divorce process - how to succeed financially?

Get a really good attorney. I wouldn't do real estate. I would not count on everything promised. Sure, give medicine a go if that's what you want to do. I wouldn't go into business with my ex. Good luck, let us know how it plays out!
by sergeant
Sat Aug 08, 2020 2:25 pm
Forum: Personal Investments
Topic: Advice on best strategy to supplement pension in early retirement
Replies: 9
Views: 1291

Re: Advice on best strategy to supplement pension in early retirement

I like simple. I would just pull the needed funds from the 401k. That may get the balance down enough over the next 17 years that the RMD's won't be such a concern.
by sergeant
Tue Jul 28, 2020 1:39 pm
Forum: Personal Investments
Topic: Retirement account with 3.5% guaranteed return - a good option?
Replies: 26
Views: 3703

Re: Retirement account with 3.5% guaranteed return - a good option?

Following this closely as I have the same fund with substantial tax-deferred dollars in it. My husband passed away 3 years ago quite unexpectedly at a young age. He had transferred all his 457 money into this fund two weeks prior to his death and I have left it there. I considered it as a "bond fon...
by sergeant
Tue Jul 28, 2020 1:31 pm
Forum: Personal Investments
Topic: Retirement account with 3.5% guaranteed return - a good option?
Replies: 26
Views: 3703

Re: Retirement account with 3.5% guaranteed return - a good option?

I have a guaranteed 3.5% stable value fund in my public agency 457b account. I have close to 7 figures in it and it makes up about half of our fixed income. The only gotcha is that it is dependent on the stability of the provider. Our provider is MassMutual. I feel confident that MassMutual will be...
by sergeant
Tue Jul 28, 2020 1:24 am
Forum: Personal Investments
Topic: Retirement account with 3.5% guaranteed return - a good option?
Replies: 26
Views: 3703

Re: Retirement account with 3.5% guaranteed return - a good option?

I have a guaranteed 3.5% stable value fund in my public agency 457b account. I have close to 7 figures in it and it makes up about half of our fixed income. The only gotcha is that it is dependent on the stability of the provider. Our provider is MassMutual. I feel confident that MassMutual will be ...
by sergeant
Mon Jul 27, 2020 5:44 pm
Forum: Investing - Theory, News & General
Topic: Everyone's a Day Trader Now (WSJ article)
Replies: 48
Views: 6344

Re: Everyone's a Day Trader Now (WSJ article)

000 wrote: Sat Jul 25, 2020 8:45 pm
whodidntante wrote: Sat Jul 25, 2020 7:34 pm
000 wrote: Sat Jul 25, 2020 7:29 pm At least stocks have a positive expected return, unlike casino or sportsbook gambling.
Depends.
on your luck :twisted:
Sometimes advantage play opportunities present themselves. No luck needed, just math.
by sergeant
Sat Jul 25, 2020 11:30 am
Forum: Personal Investments
Topic: Why is this SPIA a bad idea?
Replies: 68
Views: 5397

Re: Why is this SPIA a bad idea?

It might be a great idea but there isn't enough provided information to give an answer.
by sergeant
Tue Jul 21, 2020 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: Evaluating State of TX Pension Service Time Purchase (4 months for $8,000)
Replies: 12
Views: 1080

Re: Evaluating State of TX Pension Service Time Purchase (4 months for $8,000)

Usually buying time in a public pension is a no-brainer. You can usually use 457b or 401 funds to pay for it. We just did payroll deduction when we bought 6 months for my wife. I didn't want to take from her 457b account. You wont get taxed twice.
by sergeant
Tue Jul 21, 2020 11:03 pm
Forum: Personal Investments
Topic: So.. with all the stuff going on .. is this a time to put into cash my 401
Replies: 8
Views: 1263

Re: So.. with all the stuff going on .. is this a time to put into cash my 401

No. Seems like you are saying your AA is 50/50. If so that is an appropriate asset allocation for someone your age. There really isn't enough info to give a detailed response. You could use the search function and look at the many threads answering the same question. You have been a member here for ...
by sergeant
Mon Jul 20, 2020 1:50 pm
Forum: Investing - Theory, News & General
Topic: Dr. Wade Pfau will be my next Bogleheads podcast guest
Replies: 42
Views: 3884

Re: Dr. Wade Pfau will be my next Bogleheads podcast guest

Is he still a proponent of reverse mortgages? Under what circumstances? Who funded his reverse mortgage research?
by sergeant
Mon Jul 20, 2020 1:30 pm
Forum: Investing - Theory, News & General
Topic: Convince me not to sell all my US equities to Cash temporarily
Replies: 135
Views: 11341

Re: Convince me not to sell all my US equities to Cash temporarily

" I am not one to try and time the market." :annoyed

I wouldn't bother trying to convince you to do anything though I hope that if you do this that you will report in on the results. We seem to have lost just about everyone who makes these types of moves.
by sergeant
Fri Jul 17, 2020 6:33 pm
Forum: Investing - Theory, News & General
Topic: Questions for Rick Ferri and Paul Merriman?
Replies: 62
Views: 6463

Re: Questions for Rick Ferri and Paul Merriman?

Is there anything wrong with a retirement minded investor just going with a target date fund and riding it into retirement? What is the simplest portfolio they recommend for someone with a savings rate that will more than provide for a comfortable retirement? What AA do they recommend for someone wh...
by sergeant
Fri Jul 17, 2020 6:20 pm
Forum: Personal Investments
Topic: $13 Million Goal for Early Retirement (am I crazy?)
Replies: 202
Views: 47435

Re: $13 Million Goal for Early Retirement (am I crazy?)

Thanks for the update. I'm glad 13 million is no longer the goal because it is not gonna happen. My only advice would be to simplify. There is no need to have 4 different Target Date funds in the same account. Just pick the one closest to your desired AA. I would go Target Date in every account (eve...
by sergeant
Sat Jul 04, 2020 2:33 pm
Forum: Investing - Theory, News & General
Topic: A Must Listen! Dr. Burton Malkiel is my guest on the "Bogleheads on Investing" podcast.
Replies: 112
Views: 9627

Re: A Must Listen! Dr. Burton Malkiel is my guest on the "Bogleheads on Investing" podcast.

Interesting interview. I enjoyed it but will echo those who have pointed out the inconsistency of his SWR statements. I wonder if the Army still uses the accounting tools he implemented when he served?
by sergeant
Wed Jul 01, 2020 11:06 pm
Forum: Personal Consumer Issues
Topic: Landlord expectations: Rats in the yard
Replies: 80
Views: 5748

Re: Landlord expectations: Rats in the yard

OP, I suggest you relax and let them be.... as long as they are not in the home. FWIW, it is not legal to trap and relocate wildlife (rats included) in California. WoodSpinner Not rattus rattus ... "According to Section 116125 of the California Health & Safety code, California citizens aren't just ...
by sergeant
Wed Jul 01, 2020 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: Payoff Mortgage?
Replies: 15
Views: 1304

Re: Payoff Mortgage?

I just sold some stock and will be paying off my mortgage on Friday. My pay was recently cut heavily and I am having cash flow problems so this will be some welcome relief. This is one of the few situations where I would not sacrifice liquidity for cash flow. I would keep the mortgage if I was in y...
by sergeant
Tue Jun 30, 2020 4:19 pm
Forum: Investing - Theory, News & General
Topic: My next move: 1 M in gold and 1 M in Zoom
Replies: 75
Views: 4043

Re: My next move: 1 M in gold and 1 M in Zoom

OP, on May 24th you posted that you had 5% of your portfolio in gold and had anxiety about that holding. Did you dump it? What makes you so confident now? 5% seems to be about half a million dollars based on some of your other posts, did you increase the amount of gold owned? How do you own it? What...
by sergeant
Tue Jun 30, 2020 4:08 pm
Forum: Investing - Theory, News & General
Topic: My next move: 1 M in gold and 1 M in Zoom
Replies: 75
Views: 4043

Re: My next move: 1 M in gold and 1 M in Zoom

I read your other thread. I couldn't find where you actually invested in your two stock picks. You said that you were thinking about it. Congratulations if you actually pulled the trigger. How much are you up? Have you sold? Around here you will get much better feedback if you tell us what you did n...
by sergeant
Tue Jun 30, 2020 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Question - Reloc to TX
Replies: 105
Views: 8003

Re: Question - Reloc to TX

Rent. If you can stand the summer the weather is amazing for about three weeks in the fall and three weeks in the spring. Very nice. wow, that's quite a negative view of Dallas :shock: My understanding is that besides June, July, August it's moderate and not too bad. My primary motivation to move t...
by sergeant
Mon Jun 29, 2020 11:56 pm
Forum: Personal Investments
Topic: Do Not Go Gentle On Us!!! Personal Portfolio Suggestions Needed!!
Replies: 67
Views: 6119

Re: DO NOT GO GENTLE ON US!!! PERSONAL PORTFOLIO SUGGESTIONS NEEDED!!

What a mess! I would pick one Target Date Fund with the appropriate asset allocation (2050) in each and every account and be done with it.

All Caps is yelling. It isn't polite to yell at folks who just want to help.