Search found 599 matches

by sergeant
Fri Nov 17, 2017 8:24 pm
Forum: Investing - Help with Personal Investments
Topic: An enviable problem?
Replies: 33
Views: 3999

Re: An enviable problem?

He should be at about six million now. Hopefully he has recognized how wealthy he truly is.
by sergeant
Fri Nov 17, 2017 4:26 pm
Forum: Investing - Help with Personal Investments
Topic: Help for semi retired friend with 8 figure savings
Replies: 68
Views: 4920

Re: Help for semi retired friend with 8 figure savings

Ok, I will imagine it is all in cash right now instead of it's current state of disarray. I would have 3 million in muni-bonds, 2 million cash, the remaining 21 million would be in an appropriate target date retirement fund that matches their desired AA. I would meet with an estate lawyer to make su...
by sergeant
Thu Nov 16, 2017 5:20 pm
Forum: Investing - Theory, News & General
Topic: Retirees: I got this!!
Replies: 79
Views: 9036

Re: Retirees: I got this!!

What type of pension is it? Many public pensions have a 70% purchasing power protection provision. State government employees (CalPERS) There is a provision that provides partial protection to pension recipients when inflation outruns the COLA. I don’t have the number in front of me but I think tha...
by sergeant
Mon Nov 13, 2017 10:57 pm
Forum: Investing - Help with Personal Investments
Topic: What might you ask In-laws' FA?
Replies: 37
Views: 2603

Re: What might you ask In-laws' FA?

An older aunt invited me in with her FA once. She was 80 and worth about 40 mil. Her FA at Merrill Lynch was an old fellow that she spoke highly of. They had been together for a long long time. I met the fellow. Smiled. Acted courteous. That was it. Her relationship with her FA was stronger than he...
by sergeant
Sun Nov 12, 2017 2:19 pm
Forum: Investing - Theory, News & General
Topic: Retirees: I got this!!
Replies: 79
Views: 9036

Re: Retirees: I got this!!

I retired 2 years ago at 59. I was comfortable from Day 1... mostly attributable to having learned to reduce my expenses for a dozen years prior to retirement in order to pay off consumer debt. I learned that I can live on much less. And lots of planning. Of three actual and potential income stream...
by sergeant
Sat Nov 04, 2017 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Should I decline Grand Prize trip because of taxes on winnings?
Replies: 89
Views: 7381

Re: Should I decline Grand Prize trip because of taxes on winnings?

Scam alert! I bet they want the "taxes" up front. I have had hundreds of victims/winners come into the lobby at work after winning a contest. Not one ever got their money back.
by sergeant
Mon Oct 30, 2017 10:40 pm
Forum: Investing - Help with Personal Investments
Topic: New guy here- almost 50 trying to help 70year old
Replies: 26
Views: 2608

Re: New guy here- almost 50 trying to help 70year old

Most every person her started as an active investor before finding the true path. Stick around awhile and you will join us.
by sergeant
Mon Oct 30, 2017 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: we bought a house - are we housepoor now?
Replies: 195
Views: 8907

Re: we bought a house - are we housepoor now?

rebellovw wrote:
Sun Oct 29, 2017 3:41 pm
If you were in CA - the property taxes on a 900K house would be crazy- and you would likely be house poor.
They would be about $9000 a year. Now if he was in Texas he would be paying about $27,000 a year! :shock:
by sergeant
Mon Oct 30, 2017 2:21 am
Forum: Investing - Help with Personal Investments
Topic: Should I pay off mortgage? Has this ever been asked before?
Replies: 41
Views: 3363

Re: Should I pay off mortgage? Has this ever been asked before?

Is there a "dirty little secret" house fund sitting around with 129k in it? :D I paid ours off a few months before retiring but the balance was much lower than yours. My recommendation is split the difference. Double up your payments and pay it off earlier that way.
by sergeant
Sun Oct 29, 2017 2:36 pm
Forum: Personal Consumer Issues
Topic: Sunscreen: use it all the time? (And what's a good one w/o sting?)
Replies: 58
Views: 3437

Re: Sunscreen: use it all the time? (And what's a good one w/o sting?)

I don't like chemicals and use coconut oil to moisturize. It only has an SPF of 4 but it's better than nothing. I do sometimes use sunscreen on ears, neck, hands, and face if going to be out in the sun for an extended period. I always wear a baseball cap or wide brim hat as well. I'm not in a high r...
by sergeant
Sun Oct 29, 2017 2:13 pm
Forum: Investing - Theory, News & General
Topic: Throwing Down with a Primerica Advisor
Replies: 49
Views: 4100

Re: Throwing Down with a Primerica Advisor

You can lead a horse to water... :|
by sergeant
Sun Oct 29, 2017 12:22 am
Forum: Personal Finance (Not Investing)
Topic: Can I retire today?
Replies: 132
Views: 7630

Re: Can I retire today?

Teague, I would just advise you to pay attention to pension happenings in your state. You're with CalPERS, right? They, and many other pension funds across the country, have very large unfunded liabilities. You have enough assets that you'll probably be OK, but be prepared to cut back if need be. I...
by sergeant
Sun Oct 29, 2017 12:09 am
Forum: Investing - Help with Personal Investments
Topic: What is the best AA for me?
Replies: 24
Views: 1570

Re: What is the best AA for me?

I read your other thread. Congrats on the retirement. Your AA sounds good for you. I'm 50/50, 54 years old and retired last year with a pension that supplies 3 times our expenses. I don't think you need to increase your AA.
by sergeant
Wed Oct 25, 2017 12:16 am
Forum: Investing - Help with Personal Investments
Topic: Commission only fiduciary planner
Replies: 129
Views: 4986

Re: Commission only fiduciary planner

So, are you going to the follow up meetings? I sure hope not. Also, Your friends are paying fees. Your explanation of the presenters explanation doesn't make sense.
by sergeant
Tue Oct 24, 2017 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: How to save inheritance from grandfather for 18 & 20 year old sons
Replies: 28
Views: 2880

Re: How to save inheritance from grandfather for 18 & 20 year old sons

How about they just gift you the money and you give it to your boys when you think it is the appropriate time. How about your BIL's gift it to their kids when it is the appropriate time. This isn't that complicated.
by sergeant
Sun Oct 22, 2017 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for medical school for son?
Replies: 79
Views: 4997

Re: Paying for medical school for son?

I am looking at potentially paying for or at least providing significant financial assistance for two children through medical school. It is a lot of money. These loan forgiveness programs have got me thinking if it would be better to have them borrow more and help less. Definitely agree with some ...
by sergeant
Sun Oct 22, 2017 7:02 pm
Forum: Investing - Help with Personal Investments
Topic: Commission only fiduciary planner
Replies: 129
Views: 4986

Re: Commission only fiduciary planner

Pdub, you do indeed sound like a nice fellow. You will soon be raked over the coals by salesman that you absolutely have no skills to counter. You also have no power to right the wrongs they have done to other people. I predict that if you go to the initial meeting you will not post here again as th...
by sergeant
Wed Oct 18, 2017 10:42 pm
Forum: Investing - Help with Personal Investments
Topic: Wondering if I need to balance better
Replies: 7
Views: 1007

Re: Wondering if I need to balance better

Bogleheads pride ourselves in NOT having any idea when the next correction is going to happen. We don't like the convoluted and expensive types of annuities that you own. That is why you were given the advice in the other thread. You can't predict or control the market but you can control costs. You...
by sergeant
Wed Oct 18, 2017 7:11 pm
Forum: Personal Consumer Issues
Topic: 1st Time Cruise - Princess and wifi
Replies: 23
Views: 1991

Re: 1st Time Cruise - Princess and wifi

Princess just sent me an ad for cruises that said book in the next month and get free wifi. Maybe you can call and ask if you can get that deal.
by sergeant
Wed Oct 18, 2017 7:10 pm
Forum: Personal Consumer Issues
Topic: Stains coming through white painted wood stair risers
Replies: 12
Views: 748

Re: Stains coming through white painted wood stair risers

Thanks all! Sounds pretty unanimous that I need to get some decent oil based primer or shellac. Hopefully that takes care of it because every time I go up the stairs it bugs me. Wife claims she didn't even notice until I mentioned it. If it didn't bother my wife it wouldn't have bothered me. :D The...
by sergeant
Wed Oct 18, 2017 6:59 pm
Forum: Investing - Help with Personal Investments
Topic: Wondering if I need to balance better
Replies: 7
Views: 1007

Re: Wondering if I need to balance better

You didn't get mixed advice in your annuity thread. The majority of experienced posters explained why and how you should get out of those annuities. You missed out on two and a half years of huge gains as you had said you would take the funds from the liquidated annuities and put them into the marke...
by sergeant
Tue Oct 17, 2017 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Help picking apart whole life insurance cash value
Replies: 39
Views: 1733

Re: Help picking apart whole life insurance cash value

It's Bogleheads! It's spelled correctly at the top of the page. You seem like you really want a WL policy and for a newbie are very knowledgeable about them. Good luck.
by sergeant
Tue Oct 17, 2017 4:29 pm
Forum: Investing - Theory, News & General
Topic: 30th Anniversary of October 19, 1987 stock market crash
Replies: 36
Views: 3028

Re: 30th Anniversary of October 19, 1987 stock market crash

I was on my day off and received a phone call from my watch commander. He ordered me to come to work. When I arrived there were several of us young guys in the locker room wondering why we had been called in. At briefing we were given our assignments. People had been showing up at their broker's off...
by sergeant
Tue Oct 17, 2017 3:55 pm
Forum: Personal Consumer Issues
Topic: Roofer stopped showing up - what are my options?
Replies: 22
Views: 3384

Re: Roofer stopped showing up - what are my options?

My roof was just completely renovated with new underlayment, vents, dormers, fascia and open valleys. They finished about an hour ago after six full days with a crew of six hard workers. I have never known an insurance company to require you pay a 50% down payment :oops: I bet they prefer your roof ...
by sergeant
Sat Oct 14, 2017 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Annuities - how does insurance company know you died?
Replies: 49
Views: 2905

Re: Annuities - how does insurance company know you died?

Japan started checking on their oldest pensioners and found thousands had been dead for decades. One guy had been dead for three decades, mummified in his bed, as his 81 year old daughter cashed his checks. :shock: Our county coroner's office makes notification to SS. There are thousands of cases ev...
by sergeant
Fri Oct 13, 2017 6:03 pm
Forum: Personal Consumer Issues
Topic: Liability of phone conversations while my client is driving (and I am not in the car)?
Replies: 64
Views: 4019

Re: Liability of phone conversations while my client is driving (and I am not in the car)?

A suit against you for damages sustained by a distracted driver would be no more successful than a suit against you by a caller who heeded your advice and was injured while calling from their home.
by sergeant
Fri Oct 13, 2017 9:58 am
Forum: Investing - Help with Personal Investments
Topic: Advice on Retirement Investments: IRA? High-Expense Govt 457b?
Replies: 12
Views: 783

Re: AdviceVT Vantag on Retirement Investments: IRA? High-Expense Govt 457b?

Check the expenses in the ICMA index funds again. I have my DC plan with them and the ER's on my index funds are .15 domestic, and .20 international. I double-checked the fees. A VT Vantagepoint Milestone 2035 fund, roughly equivalent to my Vanguard target-date fund, has a Gross and Net Expense Rat...
by sergeant
Thu Oct 12, 2017 11:54 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on Retirement Investments: IRA? High-Expense Govt 457b?
Replies: 12
Views: 783

Re: Advice on Retirement Investments: IRA? High-Expense Govt 457b?

Check the expenses in the ICMA index funds again. I have my DC plan with them and the ER's on my index funds are .15 domestic, and .20 international.
by sergeant
Sat Oct 07, 2017 6:30 pm
Forum: Investing - Help with Personal Investments
Topic: 2M savings investment help
Replies: 45
Views: 8318

Re: 2M savings investment help

Why not look into a variable rate annuity? That would protect your funds and give you some of the market returns. You lost a lot of money sitting on the sidelines based on last year's election results. An annuity would have saved you from yourself. I thought the market was overvalued awhile ago, bu...
by sergeant
Sat Oct 07, 2017 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49460

Re: Identity theft

Wow this is unbelievable! Why didn't Transamerica mail a letter to your father when the email change occurred? For the paperwork to be notarized the thief needed to present some form of official ID. At Vanguard I would have received multiple email and paper mailings. The change of email, then addit...
by sergeant
Thu Oct 05, 2017 9:15 pm
Forum: Investing - Help with Personal Investments
Topic: Trying to convince my sister not to use a financial advisor
Replies: 59
Views: 4213

Re: Trying to convince my sister not to use a financial advisor

:oops: My sister has $100k to invest and has an appointment tomorrow to wrap up the paperwork with a financial advisor who promised her a portfolio of Vanguard ETFs that he will balance for her, for a small fee of 1.4%! I told her to run and just open up an account herself on Vanguard and do it her...
by sergeant
Thu Oct 05, 2017 2:16 pm
Forum: Investing - Theory, News & General
Topic: Backdoor Roth: importance of spouse's tIRA
Replies: 5
Views: 508

Re: Backdoor Roth: importance of spouse's tIRA

No, your spouse doesn't need to do anything with her IRA for you to do the backdoor.
by sergeant
Wed Oct 04, 2017 12:10 am
Forum: Investing - Help with Personal Investments
Topic: Should I max out my Roth IRA as an 18 year old?
Replies: 15
Views: 852

Re: Should I max out my Roth IRA as an 18 year old?

Yes, but please also enjoy yourself. Don't become fixated on only saving. You're at an age that you should be having lots of fun! :beer (Drink depicted is non-alcoholic)
by sergeant
Wed Oct 04, 2017 12:05 am
Forum: Local Chapters and Bogleheads Community
Topic: Retirement Class of 1998 (Sheepdog's Experience)
Replies: 45
Views: 4280

Re: Retirement Class of 1998 (Sheepdog's Experience)

Thanks for the detailed post and congratulations. I hope to read many more updates through the years.
by sergeant
Tue Oct 03, 2017 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Senior citizens can lose everything [to professional guardians via court rulings]
Replies: 111
Views: 9562

Re: Senior citizens can lose everything [to professional guardians via court rulings]

My children are far too aware of our finances, and their inheritance, to let anyone attempt a similar ploy. I read the article, the "judge" should have been criminally charged or at least disbarred. I have often worked with the elderly in distressing conditions. It is easier for first responders whe...
by sergeant
Mon Oct 02, 2017 2:23 pm
Forum: Investing - Theory, News & General
Topic: Current Bull Market could last years
Replies: 89
Views: 9989

Re: Current Bull Market could last years

Just read an article that details pretty logical reasons why this bull market can last years and years: http://www.marketwatch.com/story/this-is-why-the-bull-market-can-keep-running-for-years-even-if-investors-dump-stocks-2017-09-29?siteid=yhoof2&yptr=yahoo I am wondering if it is time to rewrite a...
by sergeant
Sun Oct 01, 2017 4:47 pm
Forum: Investing - Theory, News & General
Topic: $10 million+ - Still Working and LBYM
Replies: 162
Views: 16779

Re: $10 million+ - Still Working and LBYM

My paid off home is worth 1/10th of yours and my portfolio is about 4/5ths of yours and I don't think that I have "significant" wealth but do feel that I have sufficient wealth. 1. We enjoy longer and more expensive vacations. We are generous with our adult children but not to the point of harming t...
by sergeant
Sat Sep 30, 2017 4:54 pm
Forum: Investing - Help with Personal Investments
Topic: How Safe are Stable Value Funds
Replies: 24
Views: 2077

Re: How Safe are Stable Value Funds

Well, let me phrase it this way, I am one year away from retirement. cannot afford to loose at this late stage of the game. My 401k is 75 percent stable value, twenty five percent domestic stock mutual fund. I seem to be the kind of personalty that would do well by buying an immdediate fixed annuit...
by sergeant
Sat Sep 30, 2017 3:50 pm
Forum: Investing - Help with Personal Investments
Topic: How Safe are Stable Value Funds
Replies: 24
Views: 2077

Re: How Safe are Stable Value Funds

Check your fund for stability. I keep the majority of our FI assets in our stable value funds and have done so for over 30 years. No problems or issues to complain about.
by sergeant
Sat Sep 30, 2017 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Question About Long Term Care
Replies: 75
Views: 6012

Re: Question About Long Term Care

LTC policies do not make sense to me (at least when I last looked at them) because their premiums can rise arbitrarily in the future. So, there is no guarantees as to how much you will be paying for your benefits. The company has control over it. You do not. E.g. We pay now about $2600 annual, with...
by sergeant
Thu Sep 28, 2017 6:09 pm
Forum: Investing - Theory, News & General
Topic: Guy proves that Buy The Dip strategy works (via backtests) any rebuttals?
Replies: 65
Views: 6614

Re: Guy proves that Buy The Dip strategy works (via backtests) any rebuttals?

I am a proponent of good market timing. I buy when prices drop in a specified way and rebalance shortly thereafter*. There has been backtesting performed as shown in this thread where many similar backtests fail, but a few are actually quite good. The trick is to be emotionally ready to not do the ...
by sergeant
Thu Sep 28, 2017 6:04 pm
Forum: Local Chapters and Bogleheads Community
Topic: Bogleheads you would most like to meet and why?
Replies: 134
Views: 9424

Re: Bogleheads you would most like to meet and why?

livesoft wrote:
Wed Sep 20, 2017 10:34 am
sscritic is alive and well. We had lunch together a little while ago.
Ask him to come back! Part time is good enough.
by sergeant
Mon Sep 25, 2017 9:20 pm
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 220
Views: 24899

Re: I won the Lottery. Need sound advice.

Don't wait 10 to 20 years. Give us updates as you progress and (I hope) get closer to FI.
by sergeant
Wed Sep 20, 2017 9:49 pm
Forum: Personal Consumer Issues
Topic: Uplifted Driveway = No Home Owners Policy ?!
Replies: 82
Views: 5412

Re: Uplifted Driveway = No Home Owners Policy ?!

Try other insurance companies if you don't want to fix it. USAA never sent anybody out to my old house that I owned when it was insured with them (I rent now and they didn't send anybody to this place either but that is a little different). My understanding is that the insurance companies send peop...
by sergeant
Wed Sep 20, 2017 2:47 am
Forum: Investing - Theory, News & General
Topic: A different approach to asset allocation
Replies: 1435
Views: 573690

Re: A different approach to asset allocation

market timer wrote:
Tue Sep 19, 2017 7:16 pm
Net worth: $1.2mn, not counting wife's assets
Equity exposure: $0
Children: 2
Congrats for sure, on the net worth and more importantly the children!
by sergeant
Tue Sep 19, 2017 2:36 pm
Forum: Investing - Theory, News & General
Topic: A different approach to asset allocation
Replies: 1435
Views: 573690

Re: A different approach to asset allocation

Net worth update? I was there for this entire journey. Glad you're doing ok.
by sergeant
Thu Sep 14, 2017 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: What do I need to do next?
Replies: 11
Views: 1810

Re: What do I need to do next?

I'm betting your 457b allows catch up contributions. If you are within three years of retirement age, which you are, you can double up the contribution amount. I think next year that will be $37,000. The good thing is you don't have to actually retire after the three years of double contributions, y...
by sergeant
Thu Sep 14, 2017 1:19 am
Forum: Investing - Help with Personal Investments
Topic: What is the largest percentage of your total portfolio value that you have exchanged to rebalance?
Replies: 58
Views: 3856

Re: What is the largest percentage of your total portfolio value that you have exchanged to rebalance?

When I retired 18 months ago my RHS account was credited with a pretty big dollar amount equal to all my accrued sick, vacation, and comp time off multiplied by my hourly pay. The only decent fund alternative in our plan was a broad market index fund which has a low ER. This took my 50/50 AA closer ...
by sergeant
Tue Sep 12, 2017 5:26 pm
Forum: Investing - Help with Personal Investments
Topic: Investing parents nest egg -- any final thoughts?
Replies: 37
Views: 2817

Re: Investing parents nest egg -- any final thoughts?

Some of the other reasons to take the pension instead of investing the lump sum are mentioned in the other thread. Market downturns, sequence of return risk, mental decline, scams, and especially damage to your relationship should your plan not be as beneficial as the pension.