Search found 672 matches

by sergeant
Sun Jan 21, 2018 11:28 pm
Forum: Personal Finance (Not Investing)
Topic: Can We Retire in Hawaii? Please Critique
Replies: 145
Views: 12304

Re: Can We Retire in Hawaii? Please Critique

Captain and Tennille:. Dual Retirement. Retired university professor. DW. Retired educator. Age 80's. No mortgage. No debts. Home value 1.2 million. They are a little comfortable. Very very frugal. And live well below their means. Sonny is a Boglehead with a large portfolio in a 50/50 allocation. 2...
by sergeant
Sun Jan 21, 2018 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: Should I buy a business or suck it up at a job(s) with a pension.
Replies: 42
Views: 2364

Re: Should I buy a business or suck it up at a job(s) with a pension.

Congrats, you have done a great job preparing for early retirement. My first recommendation is take a nice vacation in a warm climate to recharge your batteries. No way should you leave now to buy a car wash! Get to 50 and the pension and take it year by year. Are you sure that you get 3% COLA autom...
by sergeant
Sun Jan 21, 2018 1:22 pm
Forum: Investing - Theory, News & General
Topic: Dumb to use Vanguard Target date funds in Roth IRA?
Replies: 10
Views: 844

Re: Dumb to use Vanguard Target date funds in Roth IRA?

Makes sense to me. Our Roth's are in Vanguard Target funds. Easier for my wife to just stick with when/if I go first.
by sergeant
Sat Jan 20, 2018 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: $50K Whole Life Insurance Policy
Replies: 12
Views: 566

Re: $50K Whole Life Insurance Policy

Simply your problem: Just 2 Options. Not 3, 4 or 5. Let you spouse give you the answer. 1. Keeping WL: If you die, how much will the heirs get? 2. Getting TermLife: If you die, how much will the heirs get? Disclaimer: We had WL on Only when he was young because he wasn't eligible to get TL until we...
by sergeant
Sat Jan 20, 2018 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: $50K Whole Life Insurance Policy
Replies: 12
Views: 566

Re: $50K Whole Life Insurance Policy

schrute wrote:
Sat Jan 20, 2018 2:54 pm
Nate79 wrote:
Sat Jan 20, 2018 2:16 pm
Just get term insurance and cancel this junk.
Why is this considered junk?
There are numerous threads on just why these "are junk", we don't know all your information but for 99.9% of people these are no where near optimal for investing nor for life insurance.
by sergeant
Fri Jan 19, 2018 3:29 am
Forum: Investing - Help with Personal Investments
Topic: 457 worth it with these fees?
Replies: 45
Views: 1248

Re: 457 worth it with these fees?

fortfun, sounds like you have a good plan for retirement. Just remember the withdraw options change when you go from a 457b to an IRA.
by sergeant
Mon Jan 15, 2018 2:13 am
Forum: Investing - Help with Personal Investments
Topic: Looking for multiple sets of eyes to review
Replies: 51
Views: 4475

Re: Looking for multiple sets of eyes to review

Third update...STILL No call back from any of the agents. So, I was hoping that someone could provide any comments/insight on my Personal set up as is without looking into the 457/403b ideas. Than you @klangfool and others for all of your comments and thoughts so far. Have you checked with your HR ...
by sergeant
Sat Jan 13, 2018 11:01 pm
Forum: Investing - Help with Personal Investments
Topic: Are there any situations where you don’t max retirement opportunities?
Replies: 16
Views: 1975

Re: Are there any situations where you don’t max retirement opportunities?

Your plan makes sense to me. You have maxed retirement accounts for the last 30 years. You seem to have plenty saved up. Taking a year off or not fully maxing your retirement accounts will have no meaningful difference when you retire. Sorry to hear about the high medical costs, enjoy the remodel.
by sergeant
Sat Jan 13, 2018 10:22 pm
Forum: Investing - Help with Personal Investments
Topic: Pension service credit purchase: yes or no?
Replies: 16
Views: 917

Re: Pension service credit purchase: yes or no?

I have a similar option as OP. Except by statute , the retired employee receives 3% of the previous years benefits, each year. I have considered buying about 6 years of time. It would increase the monthly benefit substantially . But---here is the issue-- the plan is only 60% funded. It is a state p...
by sergeant
Sat Jan 13, 2018 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: why do banks bother offering lousy CD rates?
Replies: 49
Views: 4701

Re: why do banks bother offering lousy CD rates?

My MIL has most of her "savings" in an account at a B&M paying just about zilch. I pity the bank! She is in there several times a month for hours getting help balancing her check register, questioning her mailed statements, drinking the free coffee, and complainng to the manager if an employee looks...
by sergeant
Sat Jan 13, 2018 4:29 pm
Forum: Investing - Help with Personal Investments
Topic: Pension service credit purchase: yes or no?
Replies: 16
Views: 917

Re: Pension service credit purchase: yes or no?

It almost always pays to buy service time. California PERS eliminated this option (except for military buyback) several years ago due to the costs associated with it. Looking at your numbers I would absolutely do it. The purchase is even better if you have a survivor benefit. The only negative is i...
by sergeant
Sat Jan 13, 2018 2:39 pm
Forum: Investing - Help with Personal Investments
Topic: Pension service credit purchase: yes or no?
Replies: 16
Views: 917

Re: Pension service credit purchase: yes or no?

It almost always pays to buy service time. California PERS eliminated this option (except for military buyback) several years ago due to the costs associated with it. Looking at your numbers I would absolutely do it. The purchase is even better if you have a survivor benefit. The only negative is if...
by sergeant
Sat Jan 13, 2018 1:58 am
Forum: Investing - Theory, News & General
Topic: Invested in ROTH IRA but I appear to have crossed $186K mark
Replies: 15
Views: 2146

Re: Invested in ROTH IRA but I appear to have crossed $186K mark

Correct, you don't need to worry about pro-rata rule if no other IRA's. Vanguard has information on backdoor Roth on their website and check our wiki here.
by sergeant
Sat Jan 13, 2018 12:50 am
Forum: Investing - Theory, News & General
Topic: Invested in ROTH IRA but I appear to have crossed $186K mark
Replies: 15
Views: 2146

Re: Invested in ROTH IRA but I appear to have crossed $186K mark

Call your provider and they will assist you with the easiest way to handle it. Have you looked into the backdoor Roth?
by sergeant
Fri Jan 12, 2018 11:44 pm
Forum: Investing - Help with Personal Investments
Topic: How much more return would DFA funds produce?
Replies: 11
Views: 796

Re: How much more return would DFA funds produce?

You state that your 50/50 AA produces results in an up market similar to a 60/40 AA. If true I wouldn't change anything.
by sergeant
Fri Jan 12, 2018 4:42 am
Forum: Investing - Help with Personal Investments
Topic: Help with Mandatory IRA distributions. The IRS will take my money away!!
Replies: 29
Views: 1956

Re: Help with Mandatory IRA distributions. The IRS will take my money away!!

livesoft wrote:
Thu Jan 11, 2018 6:48 pm
For starters, stop working. Working only compounds your problem.
No it doesn't. In another post he claimed to be an extremely low earner and even said he is a "negative" earner, implying that he loses money while working. :-?
by sergeant
Thu Jan 11, 2018 2:06 am
Forum: Personal Finance (Not Investing)
Topic: Is it time for me to "call in rich"?
Replies: 75
Views: 12138

Re: Is it time for me to "call in rich"?

Do it. Now. You will spend the next two years getting your shop/man cave built and outfitted. That should keep you busy. Go to Garage Journal for ideas. Good job on the finances. Enjoy!
by sergeant
Thu Jan 11, 2018 1:57 am
Forum: Personal Finance (Not Investing)
Topic: How to pay for a new kitchen and dining room
Replies: 26
Views: 1563

Re: How to pay for a new kitchen and dinning room

He could take a few years and save the money by limiting other expenses like vacations and eating out. This is a want not a need.
by sergeant
Tue Jan 09, 2018 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: ID theft and check cashing fraud
Replies: 87
Views: 4490

Re: ID theft and check cashing fraud

This happens a few thousand times a day in the USA. If you think you are going to ask the local police department to assign an investigator to something this small you are mistaken. At which point and in which amount does it become worthy of investigation, in your estimation, and who should make th...
by sergeant
Tue Jan 09, 2018 1:37 pm
Forum: Investing - Help with Personal Investments
Topic: Maybe not a win for teachers/I need some advice
Replies: 46
Views: 2742

Re: Maybe not a win for teachers/I need some advice

After years of trying to get Vanguard/Fidelity on our 403b approved list they finally agreed. Our new contract clearly says that they will add Vanguard and Fidelity. Today they tell us that we can now invest with those companies by using another company called Aspire. At this point we cannot invest...
by sergeant
Mon Jan 08, 2018 7:06 pm
Forum: Investing - Theory, News & General
Topic: Memo to those who have won the game: it's time to quit playing
Replies: 210
Views: 17708

Re: Memo to those who have won the game: it's time to quit playing

WhiteMaxima wrote:
Mon Jan 08, 2018 4:06 pm
W Buffet has won the game long time ago but he is till playing the game. How to explain?
That has been answered in this thread. His money is going to the Gates Foundation. He is "playing" for future generations.
by sergeant
Mon Jan 08, 2018 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: protecting future inheritance
Replies: 31
Views: 2872

Re: protecting future inheritance

My father had a good pension and lots of money when he married his 3rd wife. I wasn't crazy about her. She got him to send all his money to her destitute family over the next 30 years. She also loved and cared for him during those years which included battling cancer for many years. I ended up being...
by sergeant
Mon Jan 08, 2018 6:39 pm
Forum: Personal Consumer Issues
Topic: The "Forever Home" Myth: Should I Plan on Buying 2 Homes?
Replies: 36
Views: 3294

Re: The "Forever Home" Myth: Should I Plan on Buying 2 Homes?

I think it is smart to have flexibility with your housing situation and applaud your process. I think it is far more important to just decide to live in a nice place that you can easily afford than to have detailed plans for the decades to come. Things change!
by sergeant
Sun Jan 07, 2018 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Disappointed in Missing a Long Term Financial Goal
Replies: 32
Views: 3919

Re: Disappointed in Missing a Long Term Financial Goal

Maybe you would be better served by having different financial goals. My goals were always reachable. I always had a goal to contribute max to our IRA's and 457b accounts each year. No matter what the market did those were achievable goals. I never had a specific dollar goal.
by sergeant
Sun Jan 07, 2018 6:36 pm
Forum: Investing - Help with Personal Investments
Topic: Do we have too much in bonds?
Replies: 25
Views: 2595

Re: Do we have too much in bonds?

AA looks good to me. Enjoy retirement.
by sergeant
Sat Jan 06, 2018 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: panicked- how to convince family to get life insurance
Replies: 21
Views: 2260

Re: panicked- how to convince family to get life insurance

Take a deep breath. Don't panic. No way they qualify for affordable life insurance as smokers with diabetes. No way you are going to change anyone's diet choices. No way are they all of a sudden going to start making good choices after a life time of making bad choices. Just let go. Doesn't sound li...
by sergeant
Sat Jan 06, 2018 6:27 pm
Forum: Investing - Help with Personal Investments
Topic: Am I market timing with my newly considered AA?
Replies: 11
Views: 852

Re: Am I market timing with my newly considered AA?

I think that you are reassessing your AA. Some will call it market timing but who cares. Moving from your AA to 60/40 when you realize that you've won the game is good planning in my book.
by sergeant
Fri Jan 05, 2018 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Too high income for Roth, but made contributions already - Can I still Backdoor?
Replies: 5
Views: 510

Re: Too high income for Roth, but made contributions already - Can I still Backdoor?

simplesimon wrote:
Fri Jan 05, 2018 2:46 pm
Do you have other tIRA accounts at all? I believe they all need to be converted or rolled out into a 401k to Backdoor.
Says they don't have any other IRA's.
by sergeant
Fri Jan 05, 2018 3:21 pm
Forum: Personal Consumer Issues
Topic: Buying a new home at age 50 in a nicer neighborhood
Replies: 133
Views: 16367

Re: Buying a new home at age 50 in a nicer neighborhood

I missed this when it started. Congratulations! Your new home is very nice, as was your last home. Are you happy with the move? Did the re-model come in under budget? How has the move impacted your finances?
by sergeant
Tue Jan 02, 2018 1:44 am
Forum: Personal Finance (Not Investing)
Topic: Embarrassment Preventing Retirement Work: A factor for you?
Replies: 131
Views: 12068

Re: Embarrassment Preventing Retirement Work: A factor for you?

Several of my friends have started working part time in similar type jobs and absolutely do not need the money. They do it for socialization and having fun. One works at Home Depot and likes it. Another works slicing cold cuts at the Italian deli. They don't care what others think.
by sergeant
Mon Jan 01, 2018 11:42 pm
Forum: Investing - Theory, News & General
Topic: REGISTRATION FOR 2018 BOGLEHEAD CONTEST
Replies: 142
Views: 8343

Re: REGISTRATION FOR 2018 BOGLEHEAD CONTEST

1984.73 Posted on form too.
by sergeant
Mon Jan 01, 2018 11:35 pm
Forum: Investing - Help with Personal Investments
Topic: Problems with EJ (Is anyone surprised?) [Edward Jones]
Replies: 30
Views: 4578

Re: Problems with EJ (Is anyone surprised?) [Edward Jones]

I wonder if Sue will come back in 18 months for the next update of her saga with EJ?
by sergeant
Mon Jan 01, 2018 2:50 am
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey's voice is in my head...(Updated 12/31/2017)
Replies: 101
Views: 15576

Re: Dave Ramsey's voice is in my head...(Updated 12/31/2017)

Good for you and your family. Don't stress if the wife needs to stay home for a few years. Just live within your means and save/invest what you can.
by sergeant
Sun Dec 31, 2017 7:29 pm
Forum: Investing - Help with Personal Investments
Topic: Requesting Roth and Deferred Comp Guidance
Replies: 7
Views: 586

Re: Requesting Roth and Deferred Comp Guidance

If temporarily or permanently injured on duty you should be fine with your workers comp or disability retirement. I assume it is similar to California where your disability pension will be enough to live on and tax free. You are far more likely to be injured off duty and should have disability insur...
by sergeant
Sat Dec 30, 2017 7:57 pm
Forum: Investing - Help with Personal Investments
Topic: Requesting Roth and Deferred Comp Guidance
Replies: 7
Views: 586

Re: Requesting Roth and Deferred Comp Guidance

I can't beat the excellent recommendations by Duckie, he answered all your questions. I do want to say that you should start sucking up more OT and max your 457b. Also, prepare as if you will only receive 75% of your pension. Many pension plans are not fully funded and it's better to have too much m...
by sergeant
Sat Dec 30, 2017 3:16 pm
Forum: Personal Consumer Issues
Topic: I Want to Buy a Horrible, Expensive Car
Replies: 155
Views: 9259

Re: I Want to Buy a Horrible, Expensive Car

Lease it. They fall apart like crazy.
by sergeant
Fri Dec 29, 2017 6:55 pm
Forum: Personal Consumer Issues
Topic: The Economics of a new Puppy
Replies: 113
Views: 7131

Re: The Economics of a new Puppy

The things that I would strongly recommend investing time and $ on are: 1. Crate Training: It makes housebreaking so much easier and less stressful, and having a dog that is used to/likes going into her crate makes travel easier and safer, and makes boarding at a facility (if needed) much simpler a...
by sergeant
Thu Dec 28, 2017 8:23 pm
Forum: Investing - Help with Personal Investments
Topic: General question on college savings
Replies: 60
Views: 2464

Re: General question on college savings

Good job providing for your child's education. I wish that I had gone the 529 route. It worked out pretty well for us just going the taxable account path though. We put about $500 a month in per each kid from when they were born. It was a 50/50 AA at Vanguard. First kid graduated high school in 2008...
by sergeant
Thu Dec 28, 2017 4:48 pm
Forum: Investing - Help with Personal Investments
Topic: Wife's Windfall/Inheritance/Retirement/Merrill Lynch
Replies: 37
Views: 4732

Re: Wife's Windfall/Inheritance/Retirement/Merrill Lynch

You are welcome. Seems like you're closer to a plan. We bought some service credit for my DW's pension but used pre-tax money through payroll deduction over a period of a few years. We also always maxed out DW's (and mine) 457b account. Both strategies lowered our tax burden and proved to be wise ch...
by sergeant
Wed Dec 27, 2017 2:47 am
Forum: Investing - Help with Personal Investments
Topic: Wife's Windfall/Inheritance/Retirement/Merrill Lynch
Replies: 37
Views: 4732

Re: Wife's Windfall/Inheritance/Retirement/Merrill Lynch

1. Many argue that having international isn't all that important. Some say having a diversified US portfolio is fine and has some international baked in as large US companies deal at the international level. 40% of my equities are international. 2. Vanguard can take care of everything that you want ...
by sergeant
Sat Dec 23, 2017 5:36 pm
Forum: Investing - Help with Personal Investments
Topic: Are Roth IRAs overrated?
Replies: 77
Views: 7280

Re: Are Roth IRAs overrated?

FIREchief wrote:
Sat Dec 23, 2017 4:59 pm
nisiprius wrote:
Sat Dec 23, 2017 3:02 pm
I pity anybody who inherits a 401(k) or a traditional IRA.
Why? :confused
Not nisiprius but probably cause someone died and it's much easier to inherit a ROTH.
by sergeant
Fri Dec 22, 2017 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Do you see a meaningful change in your income with new Tax Bill?
Replies: 260
Views: 20021

Re: Do you see a meaningful change in your income with new Tax Bill?

We will pay about $2100 less a year in Federal taxes. Nothing remotely meaningful for us.
by sergeant
Thu Dec 21, 2017 2:50 pm
Forum: Investing - Theory, News & General
Topic: 2nd million is easier!
Replies: 123
Views: 23611

Re: 2nd million is easier!

I agree. NYC guy seems like a genuine person and I appreciate his posts. I also appreciate his shout out to first responders.
by sergeant
Wed Dec 20, 2017 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement account advice, invest now?
Replies: 9
Views: 462

Re: Retirement account advice, invest now?

Pick an appropriate AA and do it now.
by sergeant
Tue Dec 19, 2017 9:33 pm
Forum: Investing - Help with Personal Investments
Topic: 2M savings investment help
Replies: 49
Views: 9837

Re: 2M savings investment help

I'm glad that you are more comfortable with your portfolio. I would not have added to the private REIT, actually I would not have gone into it for the first 250k, but as long as your good.