Search found 33 matches

by debrajo61
Tue Sep 10, 2019 7:02 pm
Forum: Personal Investments
Topic: Retired Couple Age 60, Looking for Input and Suggestions on Current Portfolio Please
Replies: 12
Views: 2479

Re: Retired Couple Age 60, Looking for Input and Suggestions on Current Portfolio Please

No debt. Not an extravagant lifestyle, but we don't go without what we want either. Like I said, some years are different if there is a bigger purchase... some not so much and $50k is pretty easy to do for two healthy retirees. Health insurance is already deducted from our 100k combined pension. The...
by debrajo61
Tue Sep 10, 2019 9:16 am
Forum: Personal Investments
Topic: Retired Couple Age 60, Looking for Input and Suggestions on Current Portfolio Please
Replies: 12
Views: 2479

Re: Retired Couple Age 60, Looking for Input and Suggestions on Current Portfolio Please

i appreciate all of this great advice and feel better hearing we seem to have our money pretty much where it should be. i am going to stick with leaving everything as it is now and begin adding to the taxable Vanguard Total Stock Market Index monthly, around 25% of our monthly pension check/around $...
by debrajo61
Mon Sep 09, 2019 4:30 pm
Forum: Personal Investments
Topic: Retired Couple Age 60, Looking for Input and Suggestions on Current Portfolio Please
Replies: 12
Views: 2479

Re: Retired Couple Age 60, Looking for Input and Suggestions on Current Portfolio Please

thanks for your response. i would say that we spend around $50,000 annually, which includes winters in Florida and some cushion. two years ago we put in a new kitchen @ 20k; last year we bought our son a car @ 25k. without any type of more expensive purchases, though, we can stay around $50,000 incl...
by debrajo61
Mon Sep 09, 2019 2:52 pm
Forum: Personal Investments
Topic: Retired Couple Age 60, Looking for Input and Suggestions on Current Portfolio Please
Replies: 12
Views: 2479

Retired Couple Age 60, Looking for Input and Suggestions on Current Portfolio Please

We are a retired couple, both 60 years young, both retired from the Govt, both under the old CSRS retirement plan. No debt/home paid off, value $300,000 Status: Married File Jointly Tax Bracket 24% Annual Income = $100,000 after taxes from two pensions (would be cut in half if one of us die). We cur...
by debrajo61
Tue Jul 02, 2019 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Form 709 - gift tax return error - IRS says we owe $$$$$$ - input please &thx
Replies: 5
Views: 880

Re: IRS Form 709 - gift tax return error - IRS says we owe $$$$$$ - input please &thx

Thank you.

I was able to get in touch with IRS and they helped me line by line. I appreciate the help here also. This was a confusing form.
by debrajo61
Tue Jul 02, 2019 8:54 am
Forum: Personal Finance (Not Investing)
Topic: IRS Form 709 - gift tax return error - IRS says we owe $$$$$$ - input please &thx
Replies: 5
Views: 880

Re: IRS Form 709 - gift tax return error - IRS says we owe $$$$$$ - input please &thx

Can i ask why never to consent? Also isn't the lifetime limit 11.4 million not 4.4 million?

Am calling IRS now to see if there is a simple way to resolve this. May need to visit an accountant if they can't or don't help.

Thanks.
by debrajo61
Tue Jul 02, 2019 8:51 am
Forum: Personal Finance (Not Investing)
Topic: IRS Form 709 - gift tax return error - IRS says we owe $$$$$$ - input please &thx
Replies: 5
Views: 880

Re: IRS Form 709 - gift tax return error - IRS says we owe $$$$$$ - input please &thx

Can i ask why never to consent?

Am calling IRS now to see if there is a simple way to resolve this. May need to visit an accountant if they can't or don't help.

Thanks.
by debrajo61
Mon Jul 01, 2019 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Form 709 - gift tax return error - IRS says we owe $$$$$$ - input please &thx
Replies: 5
Views: 880

IRS Form 709 - gift tax return error - IRS says we owe $$$$$$ - input please &thx

I have questions regarding Form 709 and received a letter from IRS today saying theres is a miscalculaion and we owe over $7,000 in taxes. In 2018 my husband gifted our son $65,000 and I gifted him $15,000 to use towards a home down payment. Husband filed Form 709, but apparently there is an error a...
by debrajo61
Wed May 10, 2017 10:55 am
Forum: Personal Investments
Topic: Need to Rebalance - Newly Retired
Replies: 9
Views: 1215

Re: Need to Rebalance - Newly Retired

I think you all are doing great! You don't have to do anything quickly. I don't see where you specified your DESIRED ASSET ALLOCATION with conviction at all. Once you have that, then deciding which funds to use will be easy. So what is your desired asset allocation? I will also add that from here, ...
by debrajo61
Wed May 10, 2017 9:30 am
Forum: Personal Investments
Topic: Need to Rebalance - Newly Retired
Replies: 9
Views: 1215

Re: Need to Rebalance - Newly Retired

i would like to be 40% stocks. i would like to begin investing $2,000 monthly for the long term into a fund.

which fund or funds do you recommend?

thank you.
by debrajo61
Tue May 09, 2017 10:09 am
Forum: Personal Investments
Topic: Need to Rebalance - Newly Retired
Replies: 9
Views: 1215

Need to Rebalance - Newly Retired

We are a married couple, both 57 years old No debt/home paid off, value $280,000 Status: File Jointly Tax Bracket 25% 5% Both retired from Government; CSRS retirement system; receive a combined monthly pension of $8,400. No other income Current Allocation: His TSP - $385,000 (currently all G fund) H...
by debrajo61
Wed Dec 28, 2016 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Govt Civilian, Relocated 2016, What Can I Claim if I Recd Some PCS $
Replies: 1
Views: 283

Govt Civilian, Relocated 2016, What Can I Claim if I Recd Some PCS $

I'm not sure if anyone can answer my questions but I will try. This is related to income taxes; in the past I have filed 1040A. I owned a condo outright and took standard deduction; not enough to itemize. In 2016 the following occurred: Sold condo in May 2016; paid realtor fees of ~7,000 Accepted po...
by debrajo61
Fri Apr 17, 2015 10:42 am
Forum: Personal Investments
Topic: 28 Year Old Looking for Investment Advice
Replies: 12
Views: 1965

Re: 28 Year Old Looking for Investment Advice

gotcha. i meant my contribution portion. well then this does make the most sense as if there is an extreme emergency i can get to the portion i contributed if absolutely necessary.
by debrajo61
Fri Apr 17, 2015 10:12 am
Forum: Personal Investments
Topic: 28 Year Old Looking for Investment Advice
Replies: 12
Views: 1965

Re: 28 Year Old Looking for Investment Advice

is it true i could withdraw my investment portion of a roth ira without penalty if needed before i am 59.5 as long as the account has been open five years?
by debrajo61
Fri Apr 17, 2015 9:23 am
Forum: Personal Investments
Topic: 28 Year Old Looking for Investment Advice
Replies: 12
Views: 1965

Re: 28 Year Old Looking for Investment Advice

Ok, it's been six months since I wrote to ask for advice. I have decided to stay in my condo which is paid for. I did some upgrades and don't plan to move at this point. My earnings are the same $58k annually. I am currently putting around $15,000 in my Govt TSP L 2040 Fund. I have $53,000 sitting i...
by debrajo61
Thu Dec 04, 2014 3:19 pm
Forum: Personal Investments
Topic: 28 Year Old Looking for Investment Advice
Replies: 12
Views: 1965

Re: 28 Year Old Looking for Investment Advice

my emergency fund is the large amount i now have in savings and checking (too large....$60,000).

yes, i get a 5% match (approx $2500 annual). i am putting about 12,000 annually in TSP.
by debrajo61
Thu Dec 04, 2014 1:43 pm
Forum: Personal Investments
Topic: 28 Year Old Looking for Investment Advice
Replies: 12
Views: 1965

28 Year Old Looking for Investment Advice

I’m 28 years old and am looking for investment advice for both retirement and non-retirement. I am a Govt employee and earn $58,000 annually. I am a single parent so I file taxes as head of household. I own my condo free and clear, appraised value $115,000. I have no student loans, no credit card de...
by debrajo61
Wed Oct 15, 2014 10:59 am
Forum: Personal Investments
Topic: AA Utilizing Both TSP + Vanguard - Near Retirement
Replies: 29
Views: 2777

Re: AA Utilizing Both TSP + Vanguard - Near Retirement

Look at this dip in the market as an opportunity to buy when things are on sale. Of course, they could get even cheaper. No one knows. If you are nervous then it could be that 50/50 is too aggressive for your risk tolerance. I would suggest not looking at what each individual investment is doing bu...
by debrajo61
Fri Oct 10, 2014 2:40 pm
Forum: Personal Investments
Topic: AA Utilizing Both TSP + Vanguard - Near Retirement
Replies: 29
Views: 2777

Re: AA Utilizing Both TSP + Vanguard - Near Retirement

Do you have a target asset allocation in mind? In the roths you are holding a fund that is 60/40 and in the TSP a fund that is closer to 30/70. On top of that you have a huge amount of cash in just cash and the CD. You say you are conservative but don't need your portfolio to cover any of your livi...
by debrajo61
Mon Mar 17, 2014 9:09 am
Forum: Personal Investments
Topic: AA Utilizing Both TSP + Vanguard - Near Retirement
Replies: 29
Views: 2777

Re: AA Utilizing Both TSP + Vanguard - Near Retirement

Having read through your financial position, I understand your pensions to equal almost $100,000 per year. Am I correct? I also read Laura's thorough replies and apparently this amount of pension must be consistent with your work history. Is the $96,000 per year pension also including a cost of liv...
by debrajo61
Mon Mar 17, 2014 9:03 am
Forum: Personal Investments
Topic: 25 Year Old Needs Investment Advice Please
Replies: 2
Views: 655

25 Year Old Needs Investment Advice Please

I am 25 years old and have two years of Government Service. I earn $43,000 annually. I have no debt, no student loans, and my vehicle is newer and paid off. I currently rent with 35% of my income going towards rent. I have the following assets: Savings: $43,000 TSP: $19,500 currently allocated betwe...
by debrajo61
Tue Mar 11, 2014 4:54 pm
Forum: Personal Investments
Topic: AA Utilizing Both TSP + Vanguard - Near Retirement
Replies: 29
Views: 2777

Re: AA Utilizing Both TSP + Vanguard - Near Retirement

Do you have a target asset allocation in mind? In the roths you are holding a fund that is 60/40 and in the TSP a fund that is closer to 30/70. On top of that you have a huge amount of cash in just cash and the CD. You say you are conservative but don't need your portfolio to cover any of your livi...
by debrajo61
Tue Mar 11, 2014 4:26 pm
Forum: Personal Investments
Topic: AA Utilizing Both TSP + Vanguard - Near Retirement
Replies: 29
Views: 2777

Re: AA Utilizing Both TSP + Vanguard - Near Retirement

i have been mulling over the advice given thus far and wonder if there is any additional input from others on this site (Taylor - I might ask what you, as well as others think based on the information i provided. thanks all.
by debrajo61
Sun Mar 09, 2014 7:15 pm
Forum: Personal Investments
Topic: AA Utilizing Both TSP + Vanguard - Near Retirement
Replies: 29
Views: 2777

Re: AA Utilizing Both TSP + Vanguard - Near Retirement

Laura wrote:That certainly is a fine plan.

Laura
Thank you again for your input.
by debrajo61
Sun Mar 09, 2014 6:55 pm
Forum: Personal Investments
Topic: AA Utilizing Both TSP + Vanguard - Near Retirement
Replies: 29
Views: 2777

Re: AA Utilizing Both TSP + Vanguard - Near Retirement

We are leaning towards doing the individual funds vs. Target date funds and instead of putting the large lump sum amount from savings into those funds all at once we plan to invest incrementally either monthly or quarterly over the next couple of years to transition that money back into stocks from ...
by debrajo61
Sun Mar 09, 2014 6:44 pm
Forum: Personal Investments
Topic: AA Utilizing Both TSP + Vanguard - Near Retirement
Replies: 29
Views: 2777

Re: AA Utilizing Both TSP + Vanguard - Near Retirement

Debrajo, As a retired CSRS-er, here are a couple thoughts: I believe you can contribute more to your TSP if you can afford it. The 2014 limits are: Basic $17500 Catchup $5500 Total $23000 Keep in mind that you can contribute part/all of your TSP to a Roth TSP - you lose the deduction but gain TAX-F...
by debrajo61
Sun Mar 09, 2014 4:42 pm
Forum: Personal Investments
Topic: AA Utilizing Both TSP + Vanguard - Near Retirement
Replies: 29
Views: 2777

Re: AA Utilizing Both TSP + Vanguard - Near Retirement

You should certainly keep an emergency fund aside so if that was included you can pull it out. However, you have the large CD that you could probably break in case of an emergency if you really needed the money. That should be enough. On the question of whether the market is high or low right now, ...
by debrajo61
Sun Mar 09, 2014 3:34 pm
Forum: Personal Investments
Topic: AA Utilizing Both TSP + Vanguard - Near Retirement
Replies: 29
Views: 2777

Re: AA Utilizing Both TSP + Vanguard - Near Retirement

I really appreciate this input. I had stated initially that I was thinking 50/50 so I like the alternatives you have given. we are fine with sticking with the market during fluctuations. we stuck it out before but then when we rebounded our fear took over and we did sell quite a bit in 2012 (thus th...
by debrajo61
Sun Mar 09, 2014 1:58 pm
Forum: Personal Investments
Topic: AA Utilizing Both TSP + Vanguard - Near Retirement
Replies: 29
Views: 2777

Re: AA Utilizing Both TSP + Vanguard - Near Retirement

Don't worry about moving money around right now because you are really not changing anything. Your money is already in exactly the same funds you will be using, just inside a wrapper called the L fund or the Target Retirement fund. Before I can give you a specific suggestion can you clarify a few t...
by debrajo61
Sun Mar 09, 2014 12:52 pm
Forum: Personal Investments
Topic: AA Utilizing Both TSP + Vanguard - Near Retirement
Replies: 29
Views: 2777

Re: AA Utilizing Both TSP + Vanguard - Near Retirement

Because you have a mixture of tax advantaged and taxable accounts I would probably suggest using the 3-fund portfolio rather than the L or Target Retirement funds. You want to keep an eye on tax efficiency in your taxable accounts and the dividend fund doesn't fit the bill. Also, if you want more f...
by debrajo61
Sun Mar 09, 2014 12:43 pm
Forum: Personal Investments
Topic: AA Utilizing Both TSP + Vanguard - Near Retirement
Replies: 29
Views: 2777

Re: AA Utilizing Both TSP + Vanguard - Near Retirement

Do you have children or charities you would like to leave money to? If not, you can stay with your (very conservative) asset allocation. If you have a legacy motive, you might start thinking of the sizable retirement accounts as being invested "for the next generation" and going up in equities to g...
by debrajo61
Sun Mar 09, 2014 8:49 am
Forum: Personal Investments
Topic: AA Utilizing Both TSP + Vanguard - Near Retirement
Replies: 29
Views: 2777

Re: AA Utilizing Both TSP + Vanguard - Near Retirement

I've just found this site thanks to a forum member on the Federal TSP forum and would like to know if I could get some input regarding tweaking our portfolio. Married couple, both 53 years old No debt/home paid off, value $270,000 Status: File Jointly Bracket 25% 5% both CSRS retirement system; wil...
by debrajo61
Sat Mar 08, 2014 10:50 pm
Forum: Personal Investments
Topic: AA Utilizing Both TSP + Vanguard - Near Retirement
Replies: 29
Views: 2777

AA Utilizing Both TSP + Vanguard - Near Retirement

I've just found this site thanks to a forum member on the Federal TSP forum and would like to know if I could get some input regarding tweaking our portfolio. Married couple, both 53 years old No debt/home paid off, value $270,000 Status: File Jointly Bracket 25% 5% both CSRS retirement system; will...