Search found 852 matches

by sergeant
Mon Aug 20, 2018 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Edward Jones rep door knocking
Replies: 57
Views: 5460

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: 103
Views: 5581

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: 1527

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: 707

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: 707

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: 8139

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: 1861

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: 3139

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: 3139

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...
by sergeant
Fri Aug 10, 2018 3:23 pm
Forum: Investing - Help with Personal Investments
Topic: Have you rebalanced to bonds this year?
Replies: 25
Views: 2176

Re: Have you rebalanced to bonds this year?

I rebalance to stable value and MM. Almost no bonds in my FI. I think rates will be rising.
by sergeant
Thu Aug 09, 2018 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Should I tell my family/friend that they are making a financial mistake?
Replies: 87
Views: 7716

Re: Should I tell my family/friend that they are making a financial mistake?

My brother in law makes really good money working for a company that legally assists those who haven't paid their taxes by representing them in IRS situations. In other words, mostly deadbeats that have screwed up their financial lives, and now the IRS has frozen assets. My BIL blows through his cas...
by sergeant
Thu Aug 09, 2018 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Help me design a strategy to buy this house!
Replies: 5
Views: 493

Re: Help me design a strategy to buy this house!

No, don't do that. Just rent your "sold" home from the new buyer for a couple months. Too much can go wrong with doing a lease to own as you describe it.
by sergeant
Thu Aug 09, 2018 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Help me design a strategy to buy this house!
Replies: 5
Views: 493

Re: Help me design a strategy to buy this house!

I'm not sure what you are asking? I have never heard of a two year closing period, I don't think anyone interested in selling their home would agree to it.
by sergeant
Mon Aug 06, 2018 1:31 pm
Forum: Personal Consumer Issues
Topic: Coldness Pismo beach water
Replies: 24
Views: 1707

Re: Coldness Pismo beach water

Lots of places there rent wetsuits for a reasonable price. Very worthwhile if you are planning to spend much time in the water. This is just for kids aged 8 and 5. Wanted to see what else can be done at Pismo beach if water turned our to be too cold. The Pismo Beach sand dunes. You can ATV over mil...
by sergeant
Mon Aug 06, 2018 1:00 pm
Forum: Personal Consumer Issues
Topic: Coldness Pismo beach water
Replies: 24
Views: 1707

Re: Coldness Pismo beach water

The water is cold but it is fine for splashing, a quick swim, or walking through while exploring for shells. Your kids will have a good time. There are also shops for browsing, some decent places to eat, and great local hiking.
by sergeant
Fri Jul 27, 2018 2:33 pm
Forum: Personal Consumer Issues
Topic: Toughest Purchase of my Life. Engagement Ring time
Replies: 207
Views: 9293

Re: Toughest Purchase of my Life. Engagement Ring time

Moissanite. Not as cheap as CZ, but just as good as diamond (perhaps slightly better in some regards, such as light refraction.) My wife's engagement ring has a 2 carat moissanite round center stone, expertly cut, set in platinum. She loves it, other people love it. They assume because I work in th...
by sergeant
Fri Jul 27, 2018 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Cash flow problems - best way to handle?
Replies: 151
Views: 11273

Re: Cash flow problems - best way to handle?

Good to hear your update! Great that you were able to do it with out selling your car, selling your home, forcing your young children to find jobs, taking on another job, eliminating all entertainment and joy from your life....sometimes the advice here is painful to read. Again, congratulations and ...
by sergeant
Wed Jul 25, 2018 10:20 pm
Forum: Investing - Help with Personal Investments
Topic: Invest in guaranteed return or stock market?
Replies: 73
Views: 3273

Re: Invest in guaranteed return or stock market?

Not enough information to have an answer. I do agree with those that would take the guaranteed 4% as part of their FI component of their portfolio.
by sergeant
Tue Jul 24, 2018 2:44 pm
Forum: Personal Consumer Issues
Topic: Son Hurt at Summer Camp
Replies: 65
Views: 7828

Re: Son Hurt at Summer Camp

Not sure about compensation for scars on a leg. I have several scars from surfing and scuba incidents and love them. I would just want any out of pocket expenses compensated.
by sergeant
Mon Jul 23, 2018 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Buying home, how to head off a bidding war.
Replies: 29
Views: 3869

Re: Buying home, how to head off a bidding war.

Shop around. Like anything else it pays to compare.
by sergeant
Thu Jul 19, 2018 4:08 pm
Forum: Investing - Help with Personal Investments
Topic: Tell me what's wrong with my strategy
Replies: 105
Views: 7450

Re: Tell me what's wrong with my strategy

Just because you have won 4 Super Bowls and was MVP in 3 of those games doesn't mean that you can pick stocks. This strategy is not sound! It is like throwing a Hail-Mary every single down. A better strategy is setting up your passing game with a strong running game.
by sergeant
Wed Jul 18, 2018 2:44 pm
Forum: Investing - Help with Personal Investments
Topic: Is my prudential account worth the fees?
Replies: 27
Views: 3061

Re: Is my prudential account worth the fees?

Thanks for the replies! So are these fees worth investing in or should I just open a brokerage account in vanguard? My base salary is only 44k with minimal overtime. Also a reason why I don’t like prudential is there aren’t many funds available and absolutely no target funds in the plan as an optio...
by sergeant
Tue Jul 17, 2018 5:49 pm
Forum: Investing - Help with Personal Investments
Topic: When to invest 100000?
Replies: 36
Views: 2699

Re: When to invest 100000?

vu8 is 100% sure a crash is coming and is out of the market. Sergeant is 100% sure a correction is coming (no idea when) and is 50/50 in his allocation. vu8 has 100k to invest. Sergeant would lose 10x that with a 50% correction and doesn't lose any sleep over it. Maybe vu8 should short the market if...
by sergeant
Tue Jul 17, 2018 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Bored
Replies: 25
Views: 3551

Re: Bored

Yea, you missed Roth IRA's for you and spouse.
by sergeant
Mon Jul 16, 2018 1:49 pm
Forum: Investing - Help with Personal Investments
Topic: Help me analyze this real estate sale
Replies: 15
Views: 1020

Re: Help me analyze this real estate sale

Are they good neighbors? That would be more important to me than trying to max your financial gain on the deal.
by sergeant
Wed Jul 11, 2018 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life - We're doing it. What to look for?
Replies: 128
Views: 7994

Re: Whole Life - We're doing it. What to look for?

As far as the policy, based on OP's posted graph I agree that it is the least bad WL policy that I have seen. "...the least bad WL policy that I have seen" That's funny. Appreciate your thoughts! I'm changing my assessment as you continue to provide more information. I think you're making a mistake...
by sergeant
Tue Jul 10, 2018 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: Stable Value Fund
Replies: 12
Views: 967

Re: Stable Value Fund

How about a MM fund? They're currently paying what your SV fund does.
by sergeant
Tue Jul 10, 2018 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life - We're doing it. What to look for?
Replies: 128
Views: 7994

Re: Whole Life - We're doing it. What to look for?

OP has everything set up financially in case he or SO dies. They have adequate term life insurance, months of cash flow to handle immediate expenses, and are BHish with investing. I don't see how receiving an unneeded bonus of 100k a couple months after the death will help deal with the loss? As far...
by sergeant
Tue Jul 10, 2018 12:23 am
Forum: Investing - Help with Personal Investments
Topic: Any Dry Powder Strategies?
Replies: 103
Views: 6135

Re: Any Dry Powder Strategies?

I don't think your plan is simple or elegant. It would be far simpler to put dry powder in a MM account. I don't think dry powder strategies are sound in increasing returns. They may help you sleep at night though. FWIW, the goal is to manage risk, not increase returns. Yes, which is why I said it ...
by sergeant
Mon Jul 09, 2018 7:28 pm
Forum: Investing - Help with Personal Investments
Topic: Any Dry Powder Strategies?
Replies: 103
Views: 6135

Re: Any Dry Powder Strategies?

I don't think your plan is simple or elegant. It would be far simpler to put dry powder in a MM account. I don't think dry powder strategies are sound in increasing returns. They may help you sleep at night though.
by sergeant
Sun Jul 08, 2018 2:13 pm
Forum: Investing - Help with Personal Investments
Topic: Socially Responsible Funds (I want to be socially irresponsible)
Replies: 34
Views: 1925

Re: Socially Responsible Funds (I want to be socially irresponsible)

Hmmm... So wife wants to go with the Vanguard "do-gooder" fund to feel better about her investments. Good for her! Don't say a negative word. What's the problem? So it returns a bit less than some other fund? She's investing not blowing it on shoes and a new car. :annoyed
by sergeant
Sun Jul 08, 2018 2:00 pm
Forum: Investing - Help with Personal Investments
Topic: Do you count pension contributions as a portion of your overall retirement contributions.
Replies: 47
Views: 3675

Re: Do you count pension contributions as a portion of your overall retirement contributions.

Cop51 wrote:
Fri Jul 06, 2018 12:24 am
I’m required to pay 10% of my salary into the pension system. I save another 10% of my salary into my 457 account and max out my ROTH IRA.
Hopefully, with step increases and promotions, you get to the point where you can max your 457.
by sergeant
Sat Jul 07, 2018 10:30 pm
Forum: Investing - Theory, News & General
Topic: “We have a lot to do, and very little time, so we must work slowly.”
Replies: 21
Views: 3967

Re: “We have a lot to do, and very little time, so we must work slowly.”

"If I had more time, I would have written a shorter letter." -Blaise Pascal
by sergeant
Fri Jul 06, 2018 10:16 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone hear of or invest in Rich Uncles?
Replies: 18
Views: 3628

Re: Anyone hear of or invest in Rich Uncles?

I have listened to their radio advertisements on KFI which is probably the #1 talk radio station in SoCal. The long time trusted DJ's go on and on about how they to are investors and what a great deal Rich Uncles is. I haven't heard much lately as Online Trading Academy seems to have taken Rich Uncl...
by sergeant
Fri Jul 06, 2018 5:09 pm
Forum: Investing - Theory, News & General
Topic: Tradional IRA conversion to ROTH IRA taxable amount?
Replies: 32
Views: 1486

Re: Tradional IRA conversion to ROTH IRA taxable amount?

FiveK wrote:
Fri Jul 06, 2018 4:30 pm
If MFS with $70K and $30K incomes:
$4453.50 + 0.22 * ($70000 - $12000 - $38700) = $8699.50
$952.50 + 0.12 * ($30000 - $12000 - $9525) = $1,969.50
Total = $10,699

If MFJ:
$1905 + 0.12 * ($100000 - $24000 - $19050) = $8739

You pay almost $2000 MORE by filing MFS.
OP, did you see this?
by sergeant
Fri Jul 06, 2018 3:10 pm
Forum: Investing - Theory, News & General
Topic: Tradional IRA conversion to ROTH IRA taxable amount?
Replies: 32
Views: 1486

Re: Tradional IRA conversion to ROTH IRA taxable amount?

I file MFS because my student loan payment is cheaper this way. If I do MFJ the loan agency will factor in my husbands income and then I will have to pay a higher loan payment each month. The loan company is the one who told me to file MFS so that I can have a lesser student loan payment each month...
by sergeant
Fri Jul 06, 2018 1:59 pm
Forum: Investing - Theory, News & General
Topic: Tradional IRA conversion to ROTH IRA taxable amount?
Replies: 32
Views: 1486

Re: Tradional IRA conversion to ROTH IRA taxable amount?

Your numbers look correct. Why do you file MFS? It may be advantageous to file MFJ.
by sergeant
Fri Jul 06, 2018 1:45 pm
Forum: Investing - Help with Personal Investments
Topic: Callable bond- maintain or take loss?
Replies: 35
Views: 2021

Re: Callable bond- maintain or take loss?

OP, you are a victim of some shady characters that placed you in instruments that only benefited them. The good news is that other than file a complaint with FINRA you don't have to be in a super hurry to do anything. Please answer the questions about other assets and income streams. It might be bet...
by sergeant
Thu Jul 05, 2018 12:28 pm
Forum: Investing - Help with Personal Investments
Topic: Pension, Income needs, and Asset Allocation Question
Replies: 32
Views: 4852

Re: Pension, Income needs, and Asset Allocation Question

Hah, you went with Livesoft's "flippant" recommendation. Good choice!
by sergeant
Tue Jul 03, 2018 7:44 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1937
Views: 353451

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

Up about 1.4%.
AA about 40/60.
Equities 50/50 Int./US.
Fixed Income almost all stable value with a chunk of Prime MM.
by sergeant
Tue Jul 03, 2018 7:37 pm
Forum: Investing - Help with Personal Investments
Topic: What’s your plan for a market downturn?
Replies: 114
Views: 9830

Re: What’s your plan for a market downturn?

My plan is to stay near my desired AA.
by sergeant
Tue Jul 03, 2018 7:36 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation once you reach your target
Replies: 42
Views: 3135

Re: Asset Allocation once you reach your target

I'm retired and have more than hit my number. I like 50/50. I do go between 40/60-60/40 based on valuations and other criteria. We have 20 years of expenses in FI. We have pensions that provide 3x our base expenses.
by sergeant
Sat Jun 30, 2018 2:24 pm
Forum: Personal Consumer Issues
Topic: glass cancer?( watermark etching)
Replies: 24
Views: 2763

Re: glass cancer?( watermark etching)

So I'm dating this girl and she wants me to meet her mother. I go over to her house and we are all getting to know each other in the living room. Every 10-15 minutes people knock on the front door and her mother ushers them into the bathroom as they speak in Spanish. This happens at least half a doz...
by sergeant
Thu Jun 28, 2018 5:18 pm
Forum: Investing - Help with Personal Investments
Topic: should I Help family member with investments?
Replies: 13
Views: 1447

Re: should I Help family member with investments?

I helped two older ladies that desperately needed help. My help has resulted in both being way ahead to the tune of hundreds of thousands of dollars over just over a decade. One lady (friend's MIL) has worked out ok. She is thankful and friendly and understands the value my help has provided. The on...
by sergeant
Thu Jun 28, 2018 1:45 pm
Forum: Investing - Help with Personal Investments
Topic: Stocks vs. rental property
Replies: 101
Views: 10103

Re: Stocks vs. rental property

You need not feel threatened if someone discusses the nuances/benefits of real estate on here. If index fund investing is so much better than investing in real estate, it should shine through no matter what anyone says about a different investment. Are you anti free speech? Last I checked, the word...
by sergeant
Thu Jun 28, 2018 12:36 am
Forum: Personal Finance (Not Investing)
Topic: Best portable air conditioner
Replies: 8
Views: 759

Re: Best portable air conditioner

At the high level it is a bit loud. It has a whisper level that is quiet.
by sergeant
Wed Jun 27, 2018 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: Best portable air conditioner
Replies: 8
Views: 759

Re: Best portable air conditioner

I have an upstairs master bedroom. I live in an area that can really heat up in the summer. In the last 10 years we have replaced our central air and ducting, new windows, awnings, shades/shutters etc...A month ago I bought one of these (see above link) units from Costco. It is vented out the window...
by sergeant
Wed Jun 27, 2018 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: Another should we buy this So. Cal house thread...
Replies: 42
Views: 2194

Re: Another should we buy this So. Cal house thread...

My son went to college in San Marcos. It's nice. I would prefer you have 20% down to eliminate PMI. I think you guys will be fine. Enjoy the new home. Get rid of PMI ASAP.