Search found 55 matches

by Tiger85
Sat Feb 06, 2021 9:10 am
Forum: Investing - Theory, News & General
Topic: How to teach children about finance and investment?
Replies: 9
Views: 919

Re: How to teach children about finance and investment?

How about financial/investment experiments? e.g. allocating a bit of money that the children can use in various ways. They could use it all to buy toys, or invest or speculate in stocks, funds, precious metals, or even cryptocurrency. And then ask them about the result, in terms of both the monetar...
by Tiger85
Sat Jan 30, 2021 8:50 am
Forum: Personal Investments
Topic: Avoiding market timing is HARD
Replies: 58
Views: 4549

Re: Avoiding market timing is HARD

Others have mentioned the benefits of writing down an IPS, but it can still be hard due to emotions when reading or hearing what others are doing or thinking about the direction of the market or certain investments. One book that is often recommended on here is The Great Depression: A Diary by Benja...
by Tiger85
Sun Jan 24, 2021 11:33 pm
Forum: Personal Investments
Topic: Our full picture - turning to BHs as financial advisors
Replies: 24
Views: 2832

Re: Our full picture - turning to BHs as financial advisors

Questions : 1. The mix of assets was not very intentional and feels a little bit choppy. Should we just convert all to VTSAX or the nearest single fund equivalent (such as Legal and General S&P, Fidelity Total Market Index in hers/his tax-advantaged accounts)? 2. Any additional commentary on as...
by Tiger85
Tue Jan 12, 2021 8:23 pm
Forum: Personal Investments
Topic: How to determine my annual return rate with contributions
Replies: 14
Views: 1370

Re: How to determine my annual return rate with contributions

Thank you for the additional replies.

I'll try and take some time this weekend to try the suggestions out.
by Tiger85
Sun Jan 10, 2021 10:35 am
Forum: Personal Investments
Topic: How to determine my annual return rate with contributions
Replies: 14
Views: 1370

Re: How to determine my annual return rate with contributions

Thank you everyone for the replies and the links to the spread sheets provided on the site. I'll take a look at those and do some reading on the XIRR formula as well.

Appreciate the help!
by Tiger85
Sun Jan 10, 2021 8:44 am
Forum: Personal Investments
Topic: How to determine my annual return rate with contributions
Replies: 14
Views: 1370

How to determine my annual return rate with contributions

Hello, I'm trying to compare my actual rate of return to my assumptions for planning. When looking at retirement, I planned for a 4% rate of return over a 30 year period with annual contributions of $31,500/year (maxing TSP and 2x IRAs). When looking online I see lots of stuff about CAGR, IRR, and a...
by Tiger85
Wed Dec 23, 2020 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Christmas wish for a Boglehead radio show
Replies: 15
Views: 763

Re: Christmas wish for a Bogglehead radio show

Have you tried the Bogleheads podcast hosted by Rick Ferri? Some of the early podcasts cover the topics you are looking for. Later podcasts discuss a lot of nuisance details on other topics, because after a few discussions on the basics, that topic is pretty much covered.
by Tiger85
Sun Nov 22, 2020 8:45 pm
Forum: Personal Investments
Topic: Continue Maxing Retirement or Buy a House? (Military)
Replies: 23
Views: 1712

Re: Continue Maxing Retirement or Buy a House? (Military)

I'm a 35 year old military officer and was in a similar situation a few years ago. I was getting ready to leave AD for the Guard, so for one year I put lots of money in savings vs. maxing retirement to plus up the down payment money. If you're not buying a house, I see no reason to stop maximizing y...
by Tiger85
Sat Oct 17, 2020 12:57 pm
Forum: Personal Investments
Topic: Help for wife after I pass away
Replies: 54
Views: 7914

Re: Help for wife after I pass away

Another consideration is to type up a word document as a "how to" for managing all financial things in your life and try and review it once a year so she's at least familiar with it. Hopefully you'll have better luck than me as my wife's eyes glaze over after about 5 minutes, haha. I'm you...
by Tiger85
Sun Sep 27, 2020 8:30 pm
Forum: Personal Investments
Topic: New investor looking for Fidelity index fund retirement portfolio feedback
Replies: 15
Views: 1213

Re: New investor looking for Fidelity index fund retirement portfolio feedback

Simple is usually better, maybe try and find an all in one fund that is close to your desired AA? I've had the Fidelity 4-in-1 Index Fund (FFNOX) as my entire Roth IRA holding for the last 10 years or so, makes things very simple. The Target Date retirement funds are also good choices. I didn't use ...
by Tiger85
Wed Sep 23, 2020 8:00 pm
Forum: Personal Consumer Issues
Topic: PODS or ABF/U-Pack or Similar?
Replies: 12
Views: 944

Re: PODS or ABF/U-Pack or Similar?

Have used both, and didn't have issues with either. Both were pretty straightforward when it came to setting up drop off and delivery dates. I think pricewise Upack will be better for you, but check both. Similar to an above poster, we also hired movers to help load/unload our Upack and it worked we...
by Tiger85
Sat Sep 12, 2020 8:20 pm
Forum: Personal Consumer Issues
Topic: bare-bones phone and cheapest prepaid plan for a kid
Replies: 53
Views: 3507

Re: bare-bones phone and cheapest prepaid plan for a kid

We used Total Wireless for our 12 year old in a similar situation. Bought a cheap flip phone at Walmart on their plan. Actually ended up buying my smart phone that I'm typing on now with his phone as well. It runs on Verizon's network and works great. I travel all over for my job and have had no iss...
by Tiger85
Fri Sep 11, 2020 10:30 pm
Forum: Personal Investments
Topic: Good evening Hello To everyone
Replies: 4
Views: 735

Re: Good evening Hello To everyone

Yes, this is a good start.

Check out the wiki for lots of good info to get you going. https://www.bogleheads.org/wiki/Main_Page
by Tiger85
Sat Aug 22, 2020 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: Stage 4 Cancer and Young Family
Replies: 105
Views: 14994

Re: Stage 4 Cancer and Young Family

My base salary is $58,000 a year but have made around $70,000 a year for the last three years. My wife is 33. Her base salary is $38,000 a year but makes around $45,000 a year. So here’s where our finances stand: We have a house worth $275,000 and owe $230,000 (3% mortgage). (We just refinanced and...
by Tiger85
Tue Aug 04, 2020 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: College tuitions and how to help our daughter pay them
Replies: 85
Views: 5085

Re: College tuitions and how to help our daughter pay them

I used to think like you do, that it was better not to tell kids how much you could afford to help because they might be less careful about money. but then i realized that people make different choices when they won't know what is available to them. and you might not know until it's too late. for e...
by Tiger85
Sun Aug 02, 2020 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Where do I start? need a money makeover...
Replies: 31
Views: 3428

Re: Where do I start? need a money makeover...

Since you are both physicians, I'd recommend reading through the information in The White Coat Investor website: https://www.whitecoatinvestor.com/ He regularly posts on Bogleheads as well and would probably be a good resource based on your profession. The Bogleheads wiki also has a lot of info to g...
by Tiger85
Fri Jul 31, 2020 11:56 am
Forum: Personal Investments
Topic: Portfolio Review Request - 30yo Military member and Spouse
Replies: 12
Views: 979

Re: Portfolio Review Request - 30yo Military member and Spouse

1. You are contributing to a taxable account before maxing your tax advantaged accounts fully. TSP max this year is $19,500 Our thought here was that we wanted to add some liquidity that we could access, as well as saving for our next house downpayment, but it is a tradeoff. And I didn’t know she c...
by Tiger85
Thu Jul 30, 2020 8:13 pm
Forum: Personal Investments
Topic: Portfolio Review Request - 30yo Military member and Spouse
Replies: 12
Views: 979

Re: Portfolio Review Request - 30yo Military member and Spouse

New annual Contributions $12,000 his Roth TSP (includes 5% employer match) $6000 his Roth IRA $6000 her Roth IRA $7200 taxable Questions: 1. Where are we making tax efficiency errors? 2. I’d like to get to 85% Stock/15% Bonds, should I do this by contributing into a bond fund until I have hit that ...
by Tiger85
Wed Jun 17, 2020 6:32 am
Forum: Personal Investments
Topic: Where do you put your insurance/travel savings
Replies: 11
Views: 791

Re: Where do you put your insurance/travel savings

I do not keep that type of savings in an investment account. Instead, my credit union allows me to have up to 10 sub-savings accounts that I have access to on-line. I contribute various amounts to these sub-accounts each month and withdraw money as needed for their intended purpose. My sub-accounts...
by Tiger85
Sat May 16, 2020 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for first time homebuyer? Cheapest mortgages?
Replies: 9
Views: 1184

Re: Advice for first time homebuyer? Cheapest mortgages?

Tell him to also check with 3-4 local banks and credit unions. They aren't going to be listed on bankrate.com, but often have very competitive rates.
by Tiger85
Wed May 06, 2020 6:42 am
Forum: Personal Investments
Topic: Is now a bad time to front load my 401k?
Replies: 12
Views: 1060

Re: Is now a bad time to front load my 401k?

My bonus was paid out and maxed my account on April 30th. I had some of the same reservations as you, but since my plan had always been to use my bonus to max the account I figured I shouldn't let recent events change that plan with a 30 year time horizon until retirement. Sure, it would have been b...
by Tiger85
Mon May 04, 2020 7:00 am
Forum: Personal Investments
Topic: Starting life over from scratch at 33
Replies: 32
Views: 6397

Re: Starting life over from scratch at 33

Looks like you are on the right track investment wise based on your posts and advice from other posters. Since you mention starting over and having to learn about all aspects of financial life (credit cars, taxes, auto insurance, etc.) another resource I would suggest is Clark Howard's website: http...
by Tiger85
Wed Apr 29, 2020 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: How & where do you save for big ticket items?
Replies: 16
Views: 1296

Re: How & where do you save for big ticket items?

I would try to estimate how long it will be before you need to pay for the big ticket item, then divide it up into months and then put the expense into your monthly budget. So if you want to buy a $20k car in 5 years, then $20k / 60 months = $333 per month. I keep that sort of money in an online sa...
by Tiger85
Sat Apr 25, 2020 9:25 pm
Forum: Investing - Theory, News & General
Topic: Looks like the Bogleheads message is getting through
Replies: 6
Views: 1253

Re: Looks like the Bogleheads message is getting through

Thanks for the link to the Vanguard article. The last section summed it up well: "A key takeaway is that, despite the sharp jump in trading, over 90% of Vanguard U.S. individual investors have “stayed the course” and not traded in response to the market decline. Among those clients who are trad...
by Tiger85
Sat Apr 25, 2020 9:05 pm
Forum: Investing - Theory, News & General
Topic: Looks like the Bogleheads message is getting through
Replies: 6
Views: 1253

Looks like the Bogleheads message is getting through

According to the below article it looks like a lot of investors are in fact staying the course during the current market. Perhaps due to move info available to educate oneself with than in the past? Smartphones, websites, podcasts, etc. have really increased the access to info on investing topics in...
by Tiger85
Fri Apr 24, 2020 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Please rate my stimulus check plan!
Replies: 31
Views: 2631

Re: Please rate my stimulus check plan!

Two things: 1. Maybe spend more time looking at your budget if you won't be able to make "ends meet" on an AGI of $180,000. I bet you could find more than the stimulus amount in there. I think OP meant that after increasing tax advantaged accounts to more than 50 or 60k they won’t be able...
by Tiger85
Fri Apr 24, 2020 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Please rate my stimulus check plan!
Replies: 31
Views: 2631

Re: Please rate my stimulus check plan!

I expect to have an AGI of around $180,000 this year, give or take. Since we probably won't have enough money to make ends meet on the smaller paychecks, liquidate taxable as follows: 1) First liquidate money market accounts that have no growth 2) Next liquidate stocks / mutual funds that have ~$0 ...
by Tiger85
Fri Apr 17, 2020 8:16 pm
Forum: Investing - Theory, News & General
Topic: A downside to target retirement funds?
Replies: 47
Views: 5429

Re: A downside to target retirement funds?

OP, are you asking how often the target date fund rebalance itself? From similar posts, it sounds like it is a daily event based on cash in/out or deliberately selling one asset to purchase another if needed. https://www.bogleheads.org/forum/viewtopic.php?t=75881 So if stocks drop and your desired a...
by Tiger85
Thu Apr 02, 2020 5:57 pm
Forum: Personal Investments
Topic: 158% Turnover rate for Fidelity 2050 Index fund?
Replies: 2
Views: 512

Re: 158% Turnover rate for Fidelity 2050 Index fund?

Ahhh that makes way more sense. Guess I didn't think to look elsewhere because that was from Fidelity's own site.

Thank you
by Tiger85
Thu Apr 02, 2020 3:11 pm
Forum: Personal Investments
Topic: 158% Turnover rate for Fidelity 2050 Index fund?
Replies: 2
Views: 512

158% Turnover rate for Fidelity 2050 Index fund?

My IRA is with Fidelity and when I first set it up I put it in their Fidelity Freedom 2050 Fund (FFFHX), but several years ago (after learning a lot from this site and others) I moved it to their Four-in-One Index Fund (FFNOX) since it was similar in allocation, but had a lower expense ratio due to ...
by Tiger85
Sun Mar 29, 2020 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Recommend a book for THIS point in time?
Replies: 13
Views: 1124

Re: Recommend a book for THIS point in time?

Great Depression: A Diary by Roth https://smile.amazon.com/gp/product/1586489011/ref=ppx_yo_dt_b_asin_title_o01_s00?ie=UTF8&psc=1 j :happy Second vote for Roth's book. I just finished it myself. Pretty interesting to see how the basic principles of solid financial planning haven't changed much ...
by Tiger85
Thu Feb 27, 2020 10:18 pm
Forum: Personal Investments
Topic: About to invest my inheritances and need guidance before I make this massive decision/invstmant.
Replies: 61
Views: 4800

Re: About to invest my inheritances and need guidance before I make this massive decision/invstmant.

3 weeks ago, I didnt know a single thing about the stock market or what a bond was etc. Since then, there has been a death in the family and I inherited a large amount of money/stocks. While I agree that index funds are going to be your best bet, the 3 week learning curve gives me pause. Have you r...
by Tiger85
Tue Feb 25, 2020 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Teaching kids about saving money and investing
Replies: 48
Views: 3590

Re: Teaching kids about saving money and investing

Any recommendations for a good way to teach kids about saving and investing. We have Two kids 10&13. Thanks. We give our kids a weekly allowance based on their age ($1 per year) and break it into 4 categories: tax, charity, savings, and spending. It takes a little more effort on my part, but tr...
by Tiger85
Mon Feb 03, 2020 8:56 pm
Forum: Personal Investments
Topic: New year's resolution... Protect my family. In need of peer review.
Replies: 9
Views: 1380

Re: New year's resolution... Protect my family. In need of peer review.

Recommend using a site such as https://www.term4sale.com/ to compare quotes from multiple companies vs targeting a specific company from the start.

Term life is really cheap, especially if you're in good health. As others have pointed out, at least $1M for each of you, if not more.
by Tiger85
Sun Feb 02, 2020 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: Who would you refinance your mortgage with?
Replies: 45
Views: 5693

Re: Who would you refinance your mortgage with?

Recommend calling 4-5 local banks/credit unions and checking there too. They are often better than online. In 2018 we bought a house with a 30 year for 3.875% and this past fall the lender I worked with reached out to me as they had Refis on the 30 year for 2.875%. It worked for me to use a local b...
by Tiger85
Sun Feb 02, 2020 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Who would you refinance your mortgage with?
Replies: 45
Views: 5693

Re: Who would you refinance your mortgage with?

Recommend calling 4-5 local banks/credit unions and checking there too. They are often better than online. In 2018 we bought a house with a 30 year for 3.875% and this past fall the lender I worked with reached out to me as they had Refis on the 30 year for 2.875%. It worked for me to use a local ba...
by Tiger85
Wed Jan 29, 2020 8:33 pm
Forum: Personal Consumer Issues
Topic: Toy overload alternatives for grandparents
Replies: 104
Views: 5859

Re: Toy overload alternatives for grandparents

My parents gave my kids magazine subscriptions for a year to magazines that cover the kid's interest. The kids enjoy getting something in the mail each month with new activities. Some of the magazines are Highlights, Nat Geo Kids, and Muse. Neat gift that the kids like and the best part is it doesn'...
by Tiger85
Mon Jan 27, 2020 5:57 pm
Forum: Personal Investments
Topic: Military and 22% tax bracket, still favor Roth?
Replies: 32
Views: 2836

Re: Military and 22% tax bracket, still favor Roth?

Is the only reason it is good to have some tax-deferred money in retirement to hedge against tax law changes? Is there another benefit? There are other benefits. One may not apply to you. Second benefit that I know of...paying for future high medical bills or long term care with money that is never...
by Tiger85
Mon Jan 27, 2020 5:28 pm
Forum: Personal Investments
Topic: Military and 22% tax bracket, still favor Roth?
Replies: 32
Views: 2836

Re: Military and 22% tax bracket, still favor Roth?

Is the only reason it is good to have some tax-deferred money in retirement to hedge against tax law changes? Is there another benefit? It's all about what marginal rate you could save by contributing to traditional now vs. what marginal rate you'll pay when withdrawing from traditional later. Ok, ...
by Tiger85
Mon Jan 27, 2020 4:23 pm
Forum: Personal Investments
Topic: Military and 22% tax bracket, still favor Roth?
Replies: 32
Views: 2836

Re: Military and 22% tax bracket, still favor Roth?

Is this bonus a 1 year thing? In that case, use traditional TSP for the one year. It is good to have some tax-deferred money in retirement. I'll receive a bonus each year for the next six years. Is the only reason it is good to have some tax-deferred money in retirement to hedge against tax law cha...
by Tiger85
Sun Jan 26, 2020 8:08 pm
Forum: Personal Investments
Topic: Military and 22% tax bracket, still favor Roth?
Replies: 32
Views: 2836

Re: Military and 22% tax bracket, still favor Roth?

Right now my total retirement assets are $202,000 between my IRA, my wife’s IRA, and my TSP and all of that is Roth money. All of it means....all the accounts or all of the TSP? I think you mean you have nothing in tax-deferral. Can you contribute a certain amount to traditional TSP to pull you int...
by Tiger85
Sun Jan 26, 2020 8:01 pm
Forum: Personal Investments
Topic: Military and 22% tax bracket, still favor Roth?
Replies: 32
Views: 2836

Re: Military and 22% tax bracket, still favor Roth?

I don't think you should take it as certainty that tax rates will revert to the previous brackets. Although it is correct that current rates are temporary since the TCJA had a fiscal ceiling that it couldn't breach, it doesn't necessarily mean that future legislation won't maintain current brackets...
by Tiger85
Sat Jan 25, 2020 2:53 pm
Forum: Personal Investments
Topic: Military and 22% tax bracket, still favor Roth?
Replies: 32
Views: 2836

Re: Military and 22% tax bracket, still favor Roth?

I also read the military section on the wiki (currently 13 years in as an officer, likely to retire as an O-5 or O-6) and know that the Roth is generally recommended based on lower taxable income and the pension. However does getting bumped into the 22% tax bracket for 2020 mean I should make this ...
by Tiger85
Fri Jan 24, 2020 6:56 am
Forum: Personal Investments
Topic: Military and 22% tax bracket, still favor Roth?
Replies: 32
Views: 2836

Re: Military and 22% tax bracket, still favor Roth?

Age: 35 Status: Married filing jointly No state tax AGI: $135,000 Total tax (before credits): $14,394 (Please correct me if my math is wrong: $33,600 x .22 =$7,392 + $58,350 x .12 = $7,002) Credits: $8,000 (four kids) Tax owed: $6,394 You are missing the 10% bracket tax. Didn't check the amounts li...
by Tiger85
Fri Jan 24, 2020 6:53 am
Forum: Personal Investments
Topic: Military and 22% tax bracket, still favor Roth?
Replies: 32
Views: 2836

Re: Military and 22% tax bracket, still favor Roth?

What you are actually paying in taxes this past year and more than likely next year is not close to 22% and from what you posted would make not contributing to a Roth in all accounts (TSP and IRA) a less efficient decision. If you were looking to free up cash flow for paying off debt or something f...
by Tiger85
Fri Jan 24, 2020 6:45 am
Forum: Personal Investments
Topic: Military and 22% tax bracket, still favor Roth?
Replies: 32
Views: 2836

Re: Military and 22% tax bracket, still favor Roth?

Right now my total retirement assets are $202,000 between my IRA, my wife’s IRA, and my TSP and all of that is Roth money. I’m leaning towards making 2020’s contributions as traditional based on my income bumping me up to the 22% bracket and to give me some retirement money in both pots (as I know ...
by Tiger85
Fri Jan 24, 2020 6:37 am
Forum: Personal Investments
Topic: Military and 22% tax bracket, still favor Roth?
Replies: 32
Views: 2836

Re: Military and 22% tax bracket, still favor Roth?

I'm a fellow active duty O-4 and I've contributed to the Traditional TSP throughout my career. Admittedly, this is partially due to inertia, as the Roth TSP option did not exist when I started out. But the decision is also more complicated than just looking at the current marginal tax rate and esti...
by Tiger85
Fri Jan 24, 2020 6:29 am
Forum: Personal Investments
Topic: Military and 22% tax bracket, still favor Roth?
Replies: 32
Views: 2836

Re: Military and 22% tax bracket, still favor Roth?

I’ve learned a great deal by reading so many helpful posts on this site, so thank you. I’ve read multiple of the traditional vs. Roth threads and think I understand the marginal tax rate during contributions vs. effective tax rate during withdrawals aspect. One hopes you understand that comparison ...
by Tiger85
Fri Jan 24, 2020 6:26 am
Forum: Personal Investments
Topic: Military and 22% tax bracket, still favor Roth?
Replies: 32
Views: 2836

Re: Military and 22% tax bracket, still favor Roth?

Right now my total retirement assets are $202,000 between my IRA, my wife’s IRA, and my TSP and all of that is Roth money. I’m leaning towards making 2020’s contributions as traditional based on my income bumping me up to the 22% bracket and to give me some retirement money in both pots +1 for that...
by Tiger85
Thu Jan 23, 2020 10:28 pm
Forum: Personal Investments
Topic: Military and 22% tax bracket, still favor Roth?
Replies: 32
Views: 2836

Military and 22% tax bracket, still favor Roth?

Hello all, I’ve learned a great deal by reading so many helpful posts on this site, so thank you. I’ve read multiple of the traditional vs. Roth threads and think I understand the marginal tax rate during contributions vs. effective tax rate during withdrawals aspect. I also read the military sectio...