Search found 335 matches

by mhadden1
Mon Sep 17, 2018 12:15 pm
Forum: Investing - Help with Personal Investments
Topic: Helping my dad with his IRA
Replies: 16
Views: 1187

Re: Helping my dad with his IRA

I found 4.20% IRA CD at Achieva Credit Union. Does anyone see anything fishy about this: https://www.achievacu.com/Home/Rates ? A few years ago I put money in an IRA CD at another credit union, not local to me, that was running a special offering a very good rate for that time. Right now, I would l...
by mhadden1
Sun Sep 09, 2018 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: Successful techniques to helping parents be less risky?
Replies: 15
Views: 1184

Re: Successful techniques to helping parents be less risky?

In my opinion - if the subject comes up about stock risk - like, if your dad asks about it - it is appropriate to point out that single stock risk can be diversified away using mutual funds. Then, it's time to go watch the football game.
by mhadden1
Sun Sep 09, 2018 9:44 pm
Forum: Personal Consumer Issues
Topic: Best Intro Geology Textbooks
Replies: 17
Views: 1025

Re: Best Intro Geology Textbooks

OP, this is not a textbook, but you gotta read "Annals of the Former World" by John McPhee. Pulitzer in 1999. Absolutely first rate.
by mhadden1
Fri Aug 24, 2018 3:25 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation for 86 year old
Replies: 14
Views: 1240

Re: Asset Allocation for 86 year old

So his overall allocation is now about 50-50 stocks/bond, and a small amount in VG Prime Money Market I suspect that most posters on this forum would approve stock allocations between 30-50% deep in retirement. There are ideas that a floor of around 30% stocks can help prevent running out of money....
by mhadden1
Tue Aug 21, 2018 6:07 pm
Forum: Investing - Help with Personal Investments
Topic: Inheritance—Advice Requested
Replies: 63
Views: 6848

Re: Inheritance—Advice Requested

my tentative plan is to invest half the money now and dollar cost average the rest starting six months from now, divided into six equal portions. That means that half of the money will start working for me now and all of the money will be invested within a year, but I will have some protection from...
by mhadden1
Tue Aug 21, 2018 5:22 pm
Forum: Investing - Help with Personal Investments
Topic: Inheritance—Advice Requested
Replies: 63
Views: 6848

Re: Inheritance—Advice Requested

my tentative plan is to invest half the money now and dollar cost average the rest starting six months from now, divided into six equal portions. That means that half of the money will start working for me now and all of the money will be invested within a year, but I will have some protection from...
by mhadden1
Tue Aug 21, 2018 12:29 am
Forum: Personal Finance (Not Investing)
Topic: Is a million really the benchmark for retirement
Replies: 109
Views: 11887

Re: Is a million really the benchmark for retirement

When I move, I plan to buy another house in a low cost of living area (back home) for cash. If I sold my house today, I could do it (I've been watching sale prices in my current neighborhood and where I want to live in four years). .... With $800k, I pull out $32k annually from my retirement invest...
by mhadden1
Mon Aug 20, 2018 11:20 pm
Forum: Investing - Help with Personal Investments
Topic: Managed Account to...
Replies: 7
Views: 658

Re: Managed Account to...

Zzdave wrote:
Mon Aug 20, 2018 9:52 pm
Should I move to the 3 stock portfolio?

I imagine I will do better.
For certain - if you go to a DIY three fund portfolio, whatever the market gives you, you will keep.
by mhadden1
Mon Aug 20, 2018 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: Question from an FA
Replies: 12
Views: 1351

Re: Question from an FA

I'm trying to figure out what people want and how to give it to them in a way where they get "real" financial advice. Yes, I do plan to manage assets, and I expect to get paid for it. Whether Bogleheads like to admit it or not, the financial advisory world is here to stay, and I don't see any reaso...
by mhadden1
Fri Aug 03, 2018 2:17 pm
Forum: Investing - Help with Personal Investments
Topic: Nervous about not using a personal wealth manager. How do I do this myself?
Replies: 135
Views: 6715

Re: Financial Planner is going to buy funds for me. What should I find out first before letting him?

My 401k has a Schwab brokerage window hooked up to it, so I use Schwab funds myself. If your adviser came up with a stocks/bonds asset allocation that you accept, then, do what I did and just buy the right amount of SCHB - US Broad Market ETF - 0.03 ER SCHF - International Equity ETF - 0.06 ER SCHB ...
by mhadden1
Fri Jul 13, 2018 7:11 pm
Forum: Investing - Help with Personal Investments
Topic: Tell me what's wrong with my strategy
Replies: 105
Views: 7715

Re: Tell me what's wrong with my strategy

Maybe you could buy Tesla. Or short Tesla. Or both. Which will work? I don't know.
by mhadden1
Fri Jul 13, 2018 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: Logging out 20 acre lot?
Replies: 37
Views: 2630

Re: Logging out 20 acre lot?

In 2016 I helped my mother sell the timber on 75 acres in east-central Ga. so I have some recent experience. It can be hard to interest a logger/timber buyer in small tracts like 20 acres unless it's very high volume/value. Sometimes a small tract can be done while logging an adjacent tract. A clear...
by mhadden1
Thu Jul 12, 2018 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: Self Employed 48years old and nothing saved for retirement
Replies: 41
Views: 5461

Re: Self Employed 48years old and nothing saved for retirement

I was a single mother and working paycheck to to paycheck. I went back to school at age 40 to pursue a trade. My money went towards living basically and as mentioned in my original post I am paying down my debt now trying to get in a better place. Remember as you post your replies that everyone has...
by mhadden1
Thu Jul 12, 2018 10:45 am
Forum: Personal Consumer Issues
Topic: Which degree to pursue?
Replies: 18
Views: 1635

Re: Which degree to pursue?

BradJ wrote:
Thu Jul 12, 2018 9:44 am
To be honest, I really do not want to do engineering ...
As someone else noticed - this seems to stand out.
by mhadden1
Thu Jul 12, 2018 10:38 am
Forum: Investing - Help with Personal Investments
Topic: What to invest 401k in?
Replies: 13
Views: 811

Re: What to invest 401k in?

Before I had a target date fund that I picked through my work's 401k. It didnt seem to generate that much income. I like inexpensive Target Date funds, and particularly in tax-advantaged accounts where the bond interest they produce has no tax consequence. Apparently you don't mind taking on more r...
by mhadden1
Tue Jul 10, 2018 10:59 am
Forum: Investing - Help with Personal Investments
Topic: Target date funds....unsophisticated?
Replies: 64
Views: 4890

Re: Target date funds....unsophisticated?

My Megatech employer thankfully provided low-cost index funds as 401k options, which improved through the years. :happy Sadly the options did not include inexpensive Target Date funds. :( My DW is not interested in portfolio management but actuarily speaking is quite likely to outlive me. Also, for ...
by mhadden1
Tue Jul 10, 2018 10:36 am
Forum: Investing - Help with Personal Investments
Topic: [Considering the Vanguard LifeStrategy Fund]
Replies: 66
Views: 5394

Re: Lifestyle Strategies

HickoryHill wrote:
Mon Jul 09, 2018 8:44 pm
All is invested in 20 very low-cost ETFs, many of which are Vanguard.
Far too many funds for me. I would shoot for three. One is ok if the right fund-of-funds fits your circumstances. Maybe four or five if you must tilt.
by mhadden1
Tue Jul 10, 2018 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Management at Megacorp
Replies: 26
Views: 3080

Re: Management at Megacorp

My guess is that the lifelong passion aspect is missing for most managers. I would not worry about that part.
by mhadden1
Tue Jul 10, 2018 10:13 am
Forum: Investing - Help with Personal Investments
Topic: How's this simple portfolio investors?
Replies: 3
Views: 313

Re: How's this simple portfolio investors?

Simple, 5 fund portfolio, modified over the years. Boring, Vanguard Admiral Index Funds. I miss holding Norfolk Southern and Dominion Power, although they are both in the VTSAX fund. Special thanks to NedSaid, and the others that helped me come around to this boring investing and focus on what matt...
by mhadden1
Tue Jul 10, 2018 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Whole Life - We're doing it. What to look for?
Replies: 128
Views: 8247

Re: Whole Life - We're doing it. What to look for?

I am confident a small to moderate sized insurance policy would have alleviated a lot of those unneeded concerns. You HAVE a small to moderate sized insurance policy. You should pat yourself on the back for buying that term policy 5 years ago. I don't understand what problem you are trying to solve...
by mhadden1
Sun Jul 08, 2018 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: 401k loan to pay off debt?
Replies: 37
Views: 1824

Re: 401k loan to pay off debt?

Herekittykitty wrote:
Sun Jul 08, 2018 11:36 am

So the total interest paid in the scenario is about $50 + $50 + $250 $ 1,500 = $1,850.

Big woop-de-do.
Some may not care about $1850. I usually do, especially if it's pretty easy.

(Did not verify the arithmetic)
by mhadden1
Sun Jul 08, 2018 11:30 am
Forum: Personal Finance (Not Investing)
Topic: 401k loan to pay off debt?
Replies: 37
Views: 1824

Re: 401k loan to pay off debt?

One can’t borrow their way out of debt. But one can possibly refinance and pay less interest. Sometimes much less. I did not bother to do the arithmetic, but in the OP case I assume the savings from to the 401k loan strategy was enough to be desirable. I am not at all horrified by the idea of payin...
by mhadden1
Sun Jul 08, 2018 1:44 am
Forum: Investing - Help with Personal Investments
Topic: Understanding performance of a mutual fund
Replies: 8
Views: 783

Re: Understanding performance of a mutual fund

I am thinking that I will come up with a plan to adjust the Schwab investments using the 3 fund portfolio, but invest aggressively as it will probably end up being inherited again. Does that make sense? Sounds right to me. The Schwab funds for 3 Fund Portfolio are very inexpensive. If you want to i...
by mhadden1
Sat Jul 07, 2018 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Would you take a job in a less desirable city if you had to work fewer days?
Replies: 40
Views: 3228

Re: Would you take a job in a less desirable city if you had to work fewer days?

I moved to a much less desirable area for more money (still 5 days but very reasonable work schedule) and we barely lasted a year. We moved back to a suburb of a bigger city. Everyone is different, so YMMV, but quality of life and overall happiness is worth far more than more money with nothing to ...
by mhadden1
Fri Jul 06, 2018 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: What’s the lowest risk investment to keep up with inflation?
Replies: 8
Views: 1550

Re: What’s the lowest risk investment to keep up with inflation?

Treasury Inflation Protected Securities (TIPS). However it sounds like you have a taxable account. Maybe I-Bonds - taxes are better but there limits and restrictions. So short term bonds and short term bond funds are probably the answer. Risk and return are linked. If you want return sufficient to ...
by mhadden1
Fri Jul 06, 2018 1:06 pm
Forum: Personal Consumer Issues
Topic: Removing dead poison ivy
Replies: 24
Views: 1418

Re: Removing dead poison ivy

Roundup (the regular stuff) works poorly on poison ivy and other nuisance vines. There is a Roundup-branded poison ivy spray (it’s a different formula) and several other “vine and woody plant killers.” Use those on poison ivy. I agree that the combo triclovyr/glyphosate labeled as poison ivy spray ...
by mhadden1
Fri Jul 06, 2018 11:15 am
Forum: Investing - Help with Personal Investments
Topic: Helping Parents. Just Moved to VG
Replies: 15
Views: 1019

Re: Helping Parents. Just Moved to VG

Vanguard lifecycle for 2020 retirement (VTWNX): Vanguard Total Stock Market Index Fund Investor Shares 32.80% Vanguard Total Bond Market II Index Fund Investor Shares 28.90% Vanguard Total International Stock Index Fund Investor Shares 21.20% Vanguard Total International Bond Index Fund Investor Sh...
by mhadden1
Tue Jul 03, 2018 5:08 pm
Forum: Investing - Help with Personal Investments
Topic: Am I getting the run around?
Replies: 24
Views: 4331

Re: Am I getting the run around?

When I was working, a Schwab PCRA account was one of the options in our 401K. I transferred my contribution in as cash, and could then buy whatever Schwab had available. https://www.schwab.com/public/schwab/investing/accounts_products/accounts/pcra Same for me. My company was good about avoiding 40...
by mhadden1
Tue Jul 03, 2018 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: Need Advice on one of My Investments Please
Replies: 13
Views: 925

Re: Need Advice on one of My Investments Please

I understand the OPs pain about a fund performing poorly. And yes, the fund in question is not very Boglehead-ish in that it is a managed fund with a high expense ratio. It sounds like this a tax-advantaged account - if so, a switch to an international index fund would cost nothing. Regardless, the ...
by mhadden1
Tue Jul 03, 2018 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie here needing portfolio review
Replies: 18
Views: 1494

Re: Newbie here needing portfolio review

I just edited my OP with the expense ratios of the funds. It does look quite a bit on the higher side compared to VG holdings. I'm hoping that eventually in moving to the 3 fund model, I would over time get rid of my positions in all of these additional holdings. For your self-managed account, thou...
by mhadden1
Tue Jul 03, 2018 11:29 am
Forum: Personal Consumer Issues
Topic: Anniversary trip for young active family (Southeast Coast)
Replies: 8
Views: 649

Re: Anniversary trip for young active family (Southeast Coast)

Timeframe would be September through November, would want water warm enough we could swim in. Swimming should be fine for most all of Fl. through September - by November, comfortable swimming may be confined to the southern half. When I lived in Ft. Lauderdale, the Quebecois visitors frolicked in t...
by mhadden1
Tue Jul 03, 2018 10:44 am
Forum: Personal Consumer Issues
Topic: How do I fix my heating bill?
Replies: 73
Views: 3560

Re: How do I fix my heating bill?

notmyhand wrote:
Mon Jul 02, 2018 8:34 pm
bloom2708 wrote:
Mon Jul 02, 2018 8:30 pm
we now have nine inches of R-30something (I'll have to look) .
As others have pointed out, this is likely very inadequate. Current standards indicate going up to R-60 in Pa. and I would be inclined to do so. I realize the A frame configuration may make this difficult.
by mhadden1
Tue Jul 03, 2018 10:17 am
Forum: Investing - Help with Personal Investments
Topic: Widower~Advice on investment changes made so far...
Replies: 6
Views: 809

Re: Widower~Advice on investment changes made so far...

In terms of a three fund account with Fidelity, which 3 funds would you advise I choose? Your insights are very welcome! FSTVX FIDELITY TOTAL MKT INDEX PREMIUM CL FTIPX, FIDELITY TOTAL INTL INDEX FTBFX Fidelity® Total Bond Fund The first two I find ideal. The expense ratio on the bond fund at 0.45%...
by mhadden1
Tue Jul 03, 2018 1:52 am
Forum: Investing - Help with Personal Investments
Topic: Newbie here needing portfolio review
Replies: 18
Views: 1494

Re: Newbie here needing portfolio review

Questions/Comments: 1. I have no idea what the expense ratios are on these and what other charges I’m paying for the advisor. This really worries me! You are right to be worried. 2. I feel this is too complicated You hit that nail on the head. Bogleheads love the Three Fund Portfolio 3. I feel like...
by mhadden1
Tue Jul 03, 2018 1:23 am
Forum: Investing - Help with Personal Investments
Topic: Widower~Advice on investment changes made so far...
Replies: 6
Views: 809

Re: Widower~Advice on investment changes made so far...

Tax Rate: Not sure of my tax rate. Prolly 25% You should figure out exactly where you are with taxes - there may be low-hanging fruit to pick. Desired Asset allocation: Not sure, still working on it! 50/50 or 60/40. Your advice is welcome on this topic. Either seems appropriate for your circumstanc...
by mhadden1
Tue Jul 03, 2018 12:43 am
Forum: Investing - Help with Personal Investments
Topic: Father passed, helping mother with portfolio
Replies: 2
Views: 501

Re: Father passed, helping mother with portfolio

The funds you listed charge expense ratios that are a lot higher than a typical Boglehead can stomach. (Not to mention the wretched loads, which are a sunk cost.) But, if they they are not in tax-advantaged accounts, they may have built up capital gains so that selling the funds in order to buy some...
by mhadden1
Sat Jun 30, 2018 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: States that are investments/tax unfriendly?
Replies: 27
Views: 3308

Re: States that are investments/tax unfriendly?

my native state, Georgia, has very generous state tax exemptions for most retirement type income, like pensions, SS, and 401k/IRA distributions. Ok, so I looked, and per the Ga. Revenue Dept. web page, other exemptions: Interest income Dividend income Net income from rental property Capital gains i...
by mhadden1
Sat Jun 30, 2018 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: States that are investments/tax unfriendly?
Replies: 27
Views: 3308

Re: States that are investments/tax unfriendly?

On the flip side, some states are retiree friendly. Illinois does not tax retirement plan distributions, for example. So if you defer the tax then you can completely avoid the state tax in some instances. Similarly, my native state, Georgia, has very generous state tax exemptions for most retiremen...
by mhadden1
Mon Jun 25, 2018 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: CNBC: Social Security buying power has slipped by a third for retirees
Replies: 95
Views: 7247

Re: CNBC: Social Security buying power has slipped by a third for retirees

SS is and never was supposed to be a major source of income to pay for retirement. I encounter this idea sometimes and I don''t think it's very accurate. Social Security is designed to replace a substantial portion of the wages no longer received by retired lower earners. The portion of income that...
by mhadden1
Sun Jun 24, 2018 7:50 pm
Forum: Investing - Help with Personal Investments
Topic: Struggling - Seeking Advice to Get On Track
Replies: 93
Views: 5950

Re: Struggling - Seeking Advice to Get On Track

I guess what has me tripped up on 2030 is my current mix has YTD of like 3% but the 2030 is like half a percent..... Your current mix has done better than the 2030 fund because you are heavy in small caps, and they have done well this year so far. They don't always do better. The Bogleheads advice ...
by mhadden1
Fri Jun 22, 2018 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Trustee for mom's estate: large reserve recommended
Replies: 21
Views: 1763

Re: Trustee for mom's estate: large reserve recommended

Hi there. My mom recently passed away. She left an estate worth $1m. The estate is expecting to pay about $58k in taxes on annuity disbursements in tax year 2018. I'm having a hard time understanding the tax consequences here and how taxes can be $58K for this year. I too am interested in how such ...
by mhadden1
Fri Jun 22, 2018 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Does my AGI include my 401k contributions as a deduction?
Replies: 2
Views: 276

Re: Does my AGI include my 401k contributions as a deduction?

doss wrote:
Fri Jun 22, 2018 12:00 pm
Do I understand this correctly....my $125k AGI already INCLUDES the Traditional 401k $9k contribution as a deduction?
Yes, your income is "adjusted" down by 9k to result in the $125k AGI.
by mhadden1
Fri Jun 22, 2018 12:02 pm
Forum: Investing - Help with Personal Investments
Topic: Need some math help with Solin based portfolio
Replies: 9
Views: 849

Re: Need some math help with Solin based portfolio

Socrates28 wrote:
Fri Jun 22, 2018 11:26 am
The math makes my head hurt and is beyond me.
This may be the universe saying, "Three Fund Portfolio".
by mhadden1
Fri Jun 22, 2018 11:52 am
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 209
Views: 21899

Re: Did you celebrate when you finally hit $1m?

Cycle wrote:
Fri Jun 22, 2018 7:06 am
I told DW, she did not care, rightly so.
Same here. Tough crowd at my house sometimes.
by mhadden1
Fri Jun 22, 2018 11:36 am
Forum: Investing - Help with Personal Investments
Topic: Hire financial advisor?
Replies: 25
Views: 1789

Re: Hire financial advisor?

choosing one of the lazy portfolios of just 3 or 4 funds each for my taxable and nontaxable accounts. From reading your post I believe that you can readily get this going. I would continue to read up on these portfolios enough to get pretty comfortable, make a plan, and submit it to the forum. Good...
by mhadden1
Fri Jun 22, 2018 11:26 am
Forum: Investing - Help with Personal Investments
Topic: Seeking advice on investment strategy
Replies: 8
Views: 610

Re: Seeking advice on investment strategy

If you post your 401k fund choices and their expense ratios, many posters will likely jump in to help you decide which ones to use..
by mhadden1
Fri Jun 22, 2018 10:46 am
Forum: Investing - Help with Personal Investments
Topic: I think I am in trouble...way behind where I should be
Replies: 22
Views: 2566

Re: I think I am in trouble...way behind where I should be

My stats: Age: 45, M Single, no dependents Base salary is a hair over $300k. (CA- high COLA) The most important way to catch up is to save a LOT from your good income. With your high income, reinforced by your single tax filing status, you are in a high tax bracket. This may provide some low-hangin...
by mhadden1
Fri Jun 22, 2018 10:03 am
Forum: Personal Finance (Not Investing)
Topic: State tax on 401k contributions - what happens if you move?
Replies: 15
Views: 1014

Re: State tax on 401k contributions - what happens if you move?

This is a form of "geographic arbitrage". It can make a big difference. Some states have no state income tax (like Florida). Some have generous state exemptions on retirement-type income (like Georgia.) Some states have estate taxes levied on fairly small estates. Mr. Google can readily supply a lot...
by mhadden1
Thu Jun 21, 2018 9:04 pm
Forum: Investing - Help with Personal Investments
Topic: Grandparents requested our help to manage $300K
Replies: 29
Views: 3561

Re: Grandparents requested our help to manage $300K

tell them that I talked with him, and I'm not comfortable with his plan. I'll also point out that he is a sales person, and not an advisor, so he has no fiduciary responsibility to them. Excellent response! Completely truthful and accurate. Good luck steering away from the terrible annuity product.
by mhadden1
Thu Jun 21, 2018 6:11 pm
Forum: Investing - Help with Personal Investments
Topic: Struggling - Seeking Advice to Get On Track
Replies: 93
Views: 5950

Re: Struggling - Seeking Advice to Get On Track

You know Dave says save 15% Yeah Dave says 15% because he just says the same thing for everybody. But does he really mean 15% when you are just getting going good at 47? How about 57? 67? If I were you I would really start getting after it, just as much as possible. Her pension, SS, etc I am not ev...