Search found 912 matches

by sergeant
Fri Oct 19, 2018 1:05 am
Forum: Personal Consumer Issues
Topic: unlicensed repair guy possibly spent our material deposit
Replies: 25
Views: 2713

Re: unlicensed repair guy possibly spent our material deposit

The guy violated California Penal Code section 484b. Call your local law enforcement agency and file a report. Bring the section I mentioned with you in case the patrol person tries to say it's a civil issue. The Da will file the charges and part of his sentence will be to reimburse you. I'm not say...
by sergeant
Mon Oct 15, 2018 1:02 pm
Forum: Investing - Help with Personal Investments
Topic: Feedback on Kai-Zen premium finance life insurance plan
Replies: 19
Views: 1343

Re: Feedback on Kai-Zen premium finance life insurance plan

Hi andy2012, you seem really interested in these type of products based on your past posts. In your prior threads no one has recommended them to you. Did you think that some how this time it would be different?
by sergeant
Sat Oct 13, 2018 9:41 pm
Forum: Investing - Help with Personal Investments
Topic: Please help with asset allocation - 63 yr old
Replies: 12
Views: 1393

Re: Please help with asset allocation - 63 yr old

summerof42 wrote:
Sat Oct 13, 2018 9:34 pm
Similar posts to mine have been posted on this site with replies of recommended fund allocation, which is merely what I am looking for. I'm sure there's room for improvement.
Ok, why not just put it in the Vanguard balanced fund where available. There's your 60/40 which is a viable AA for most.
by sergeant
Fri Oct 12, 2018 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: Pension terminated .. have options
Replies: 28
Views: 3548

Re: Pension terminated .. have options

I would take the 5% guarantee and count it as F.I. for AA purposes. We don't know enough about your finances to help you make the best decision. Are you all set with your financial plan and this is a small part of it? It does worry me that you are concerned about the ability to take a loan against t...
by sergeant
Fri Oct 12, 2018 6:18 pm
Forum: Investing - Help with Personal Investments
Topic: Get out of syndications?
Replies: 17
Views: 2142

Re: Get out of syndications?

Most here would agree that you are too concentrated in RE and should follow your plan to increase other assets. Some will say that you are way too concentrated in RE and should get out of your syndications asap. I like your plan of slowly lowering RE as a percentage of assets.
by sergeant
Fri Oct 12, 2018 5:56 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7401
Views: 1551954

Re: U.S. stocks in freefall

willthrill81 wrote:
Fri Oct 12, 2018 10:51 am
letsgobobby wrote:
Fri Oct 12, 2018 10:24 am
will, gotcha, you are using, what, the derivative of the unemployment rate?
The current UER compared to its 12 month moving average, which is what is referenced in the quote I linked to.
Interesting article, thanks for the link.
by sergeant
Thu Oct 11, 2018 11:55 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7401
Views: 1551954

Re: U.S. stocks in freefall

As it turns out, most of the time there have been 3%+ market losses they occurred when the market was doing a larger correction. So, it probably isn't over yet folks, even if there is a bounce - duck and cover! Unfortunately, 3%+ down days tend to occur during market sell-offs. I looked back at eve...
by sergeant
Thu Oct 11, 2018 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Lump sum instead of pension
Replies: 23
Views: 1192

Re: Pension instead of lump sum -- a no brainer?

Your numbers are way off. Back of the napkin says it will take you over a hundred years for $25,000 to get near a million at 3.5%. How old are you?
by sergeant
Wed Oct 10, 2018 6:55 pm
Forum: Investing - Theory, News & General
Topic: When will you backup the truck on stocks
Replies: 95
Views: 8261

Re: When will you backup the truck on stocks

30% drop would get my attention. I'm usually at 50/50 but drifted down to 35/65 over the past six months due to valuations and receiving a lawsuit settlement that I stuck in Prime MM. I would go back to 50/50 in a heartbeat if the market lost 40%. Today wasn't even interesting.
by sergeant
Tue Oct 09, 2018 10:42 pm
Forum: Personal Consumer Issues
Topic: Thinking of moving to Texas, Iowa, Idaho, or North Carolina
Replies: 209
Views: 14289

Re: Thinking of moving to Texas, Iowa, Idaho, or North Carolina

Definitely recommend getting accurate tax advice on the current home. Changing ownership may have a huge impact on property taxes. California reassesses tax base upon sale and you have a $260K increase in home value. In California parents pass on the current property tax to children when they trans...
by sergeant
Sun Oct 07, 2018 5:14 pm
Forum: Personal Consumer Issues
Topic: Thinking of moving to Texas, Iowa, Idaho, or North Carolina
Replies: 209
Views: 14289

Re: Thinking of moving to Texas, Iowa, Idaho, or North Carolina

Definitely recommend getting accurate tax advice on the current home. Changing ownership may have a huge impact on property taxes. California reassesses tax base upon sale and you have a $260K increase in home value. In California parents pass on the current property tax to children when they trans...
by sergeant
Tue Oct 02, 2018 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Root of Good's cost of raising a child: $3,300 per year
Replies: 163
Views: 5373

Re: Root of Good's cost of raising a child: $3,300 per year

My SIL has a 7 year old daughter that costs her about 70k a year. 35k for private school. The rest towards tutors, private coaches, music lessons for multiple instruments, gymnastics, language lessons, swim team, soccer, softball, karate, track and field, Disneyland, Legoland, special daughter/mothe...
by sergeant
Tue Oct 02, 2018 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: 49 at a crossroads and seeking investment advice
Replies: 31
Views: 5251

Re: 49 at a crossroads and seeking investment advice

What do you mean by "insured fixed income options"? Hopefully not options or another bogus annuity. Congratulations on your wife's improving health and the success of your children. You are now invested in a low-cost manner in an AA that you seem comfortable with. Stop tinkering. You can't time the ...
by sergeant
Tue Oct 02, 2018 2:28 pm
Forum: Investing - Help with Personal Investments
Topic: Suggestions for Investing $250,000?
Replies: 7
Views: 1121

Re: Suggestions for Investing $250,000?

Are you really doing Roth conversions or backdoor Roths? Do you really pay $500,000 in mortgage interest or do you have a $500,000 mortgage?
by sergeant
Thu Sep 27, 2018 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: Pension vs 401k, help
Replies: 31
Views: 2128

Re: Pension vs 401k, help

Florida's Pension Plan is very well funded at 86% of obligations. Anything above 80% is considered well funded. Not really! You can google"80% hall of shame" and hear from a real expert why the 80% isn't a good funding level. I do think that OP would be fine under both stated scenarios. If she stay...
by sergeant
Wed Sep 26, 2018 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: What is the sentence for laminating a Medicare Card?
Replies: 38
Views: 8403

Re: What is the sentence for laminating a Medicare Card?

Every time I arrested a rapist or murderer they asked why I was wasting my time on them while all the seniors were getting away with laminating their Medicare cards. :wink:
by sergeant
Wed Sep 26, 2018 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: I see now why Rollovers can take FOREVER ....
Replies: 74
Views: 7895

Re: I see now why Rollovers can take FOREVER ....

I recently transferred a large sum from my ICMA-RC 457b account to a Vanguard IRA in order to start Roth conversions. Took about a week and there were zero problems.
by sergeant
Wed Sep 26, 2018 8:42 pm
Forum: Investing - Help with Personal Investments
Topic: Pension vs 401k, help
Replies: 31
Views: 2128

Re: Pension vs 401k, help

Florida's Pension Plan is very well funded at 86% of obligations. Anything above 80% is considered well funded. Not really! You can google"80% hall of shame" and hear from a real expert why the 80% isn't a good funding level. I do think that OP would be fine under both stated scenarios. If she stay...
by sergeant
Wed Sep 26, 2018 7:34 pm
Forum: Investing - Help with Personal Investments
Topic: SIL - 25x vs firecalc
Replies: 39
Views: 4161

Re: SIL - 25x vs firecalc

Yes, if let to her own devices she will run through her nest egg. She has been enabled for years. She will have a pension and SS. I doubt she will end up in a van down by the river. There is absolutely nothing you can do to change anything. Let it go and send her $ when she needs it. This is just no...
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: 5836

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: 74
Views: 7895

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: 4815

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: 5836

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: 7401
Views: 1551954

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: 4101

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: 3503

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: 2621

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: 152
Views: 11730

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: 152
Views: 11730

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: 1862

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: 1862

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: 1451

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: 970

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: 2479

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: 8419

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: 6307

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: 5133

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: 6826

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: 1228

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: 561

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: 561

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: 37
Views: 4222

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: 2109

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: 2244

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: 10141

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: 829

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: 5445

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: 2603

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: 2467

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: 5445

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...