Search found 722 matches

by mhadden1
Sun Mar 01, 2020 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Group Legal through work - Hyatt Legal
Replies: 10
Views: 1292

Re: Group Legal through work - Hyatt Legal

I had it for one year at my prev employer and used it for getting our Wills done. Ours was a basic and simple Will and I called the toll free number and asked for local Attorneys in network and got a list of 5 to 6 and I just called the nearest one and went with them. My experience was pretty much ...
by mhadden1
Mon Jan 20, 2020 3:54 pm
Forum: Personal Investments
Topic: Portfolio Review - too conservative?
Replies: 7
Views: 1280

Re: Portfolio Review - too conservative?

One way to evaluate your desired 60/40 AA is to compare it to an appropriate Target Date fund. I did not notice whether you posted a desired retirement date, but a fairly conservative TD year choice at age 39 might be 2040. The Vanguard 2040 right now appears to be 83/17 stocks/bonds so your AA goal...
by mhadden1
Mon Jan 20, 2020 12:52 pm
Forum: Personal Consumer Issues
Topic: Need emergency car repair..what would you do?
Replies: 34
Views: 3495

Re: Need emergency car repair..what would you do?

atikovi wrote: Sun Jan 19, 2020 11:04 am I'll be driving a car 25 miles from storage to my house soon without the belt as the alternator is seized.
Better watch the temp gauge closely and be prepared to stop. Try not to get in a traffic jam.
by mhadden1
Sun Jan 19, 2020 4:33 pm
Forum: Investing - Theory, News & General
Topic: BH theory vs practice
Replies: 69
Views: 3755

Re: BH theory vs practice

I am 49 and would like the option to be able to retire in 10 years. Something that you should start thinking about is how to avoid sequence of returns risk. That is, your prospects might be measurably harmed if you retire, the stock market crashes, and you are forced to sell your depreciated stocks...
by mhadden1
Sun Jan 19, 2020 3:25 pm
Forum: Personal Investments
Topic: Retirement Imminent, Advice Sought
Replies: 8
Views: 1076

Re: Retirement Imminent, Advice Sought

I think I would go ahead and contribute to Roth accounts, particularly if they are more than 5 years old, so you could withdraw without penalty any way you wanted, if needed. Thank you. They are only 2 years old at this point. So the 5 year rule still applies even if we are over 59.5? The rules sur...
by mhadden1
Sun Jan 19, 2020 2:24 pm
Forum: Personal Investments
Topic: Scared Stiff to retire
Replies: 91
Views: 12925

Re: Scared Stiff to retire

You may feel better if you run your numbers through a retirement calculator on the web, like FireCalc. A few iterations will likely reassure you that your chances for success are high. Good luck!
by mhadden1
Sun Jan 19, 2020 1:39 pm
Forum: Investing - Theory, News & General
Topic: Isn’t Inflation Much Larger Than 2%?
Replies: 289
Views: 19401

Re: Isn’t Inflation Much Larger Than 2%?

...... I know that if inflation over the last few years was much more than the reported 2%ish, it would clearly have affected our standard of living, and it has not, as we track our overall spending and do all the same things. ...... Yes, people can tell if their living standards erode by 30% in 10...
by mhadden1
Sat Jan 18, 2020 10:59 pm
Forum: Personal Investments
Topic: Retirement Imminent, Advice Sought
Replies: 8
Views: 1076

Re: Retirement Imminent, Advice Sought

I think I would go ahead and contribute to Roth accounts, particularly if they are more than 5 years old, so you could withdraw without penalty any way you wanted, if needed.
by mhadden1
Sat Jan 18, 2020 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: Free tax filing
Replies: 14
Views: 964

Re: Free tax filing

I like freetaxusa. I have been successful filing electronically for free, with freetaxusa, for two years I think. And, I used it to help a widowed friend. It was up to the task for a couple of different wrinkles. In particular, I had some capital gains from a MF sale to account for, and she qualife...
by mhadden1
Sat Jan 18, 2020 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Free tax filing
Replies: 14
Views: 964

Re: Free tax filing

Our family income dropped for tax year 2016, when I retired (became a stay-at-home husband). Since that time I have filed for free, electronically, using one of the free providers. My state provides an interface to file our state return electronically for free, although it is a bit clunky. Be aware ...
by mhadden1
Fri Jan 17, 2020 6:20 pm
Forum: Personal Investments
Topic: Help reviewing portfolio plan - major changes
Replies: 3
Views: 514

Re: Help reviewing portfolio plan - major changes

I believe in the current monetary system with the FED engaged in some form of quantitative easing (currently repo buybacks), the S&P 500 will continue to excel over the total market. When this shifts (if it shifts), I’ll switch to total market. This kind of thinking is unlikely to help you. You don...
by mhadden1
Fri Jan 17, 2020 5:42 pm
Forum: Personal Investments
Topic: Is this retirement strategy good?
Replies: 8
Views: 1861

Re: Is this retirement strategy good?

delamer wrote: Fri Jan 17, 2020 5:18 pm Familiarize yourself with IRS Rule 72(t).

That will affect your strategy.
That is, if you start making 72(t) withdrawals, almost certainly you will be in a lower tax bracket than your current 39.5. If so, better to defer as much as possible now.
by mhadden1
Fri Jan 17, 2020 5:22 pm
Forum: Investing - Theory, News & General
Topic: Isn’t Inflation Much Larger Than 2%?
Replies: 289
Views: 19401

Re: Isn’t Inflation Much Larger Than 2%?

The BLS numbers seem to track pretty closely with, say, the numbers from Billion Prices Project.
by mhadden1
Sat Jan 11, 2020 9:24 pm
Forum: Investing - Theory, News & General
Topic: How is Berkshire Hathaway stock NOT a better investment than the index?
Replies: 43
Views: 6631

Re: How is Berkshire Hathaway stock NOT a better investment than the index?

alex123711 wrote: Sat Jan 11, 2020 8:33 pm Since it is a company that owns good companies, acquired at good valuations, chosen by probably the best investor ever
Well, for one thing, that last part won't always be true. Even Mr. Buffet would likely admit he is a lot closer to the end of his career than the beginning.
by mhadden1
Thu Jan 09, 2020 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: Does this sound like a solid idea to pay for college?
Replies: 54
Views: 4026

Re: Does this sound like a solid idea to pay for college?

Like, UA Huntsville. 30 ACT gets 100% tuition with a 3.5 GPA. Get a math degree and then move two miles and get a job in the missile defense. Not for out of state. They keep raising the bar every year now that they're filling up. Now it's 34 GPA with a 3.5 GPA. Thanks, an old web page popped up whe...
by mhadden1
Thu Jan 09, 2020 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: Does this sound like a solid idea to pay for college?
Replies: 54
Views: 4026

Re: Does this sound like a solid idea to pay for college?

Here’s a link to the Alabama merit scholarships. Again, there are many other schools with similar programs. https://scholarships.ua.edu/freshman/out-of-state/ Like, UA Huntsville. 30 ACT gets 100% tuition with a 3.5 GPA. Get a math degree and then move two miles and get a job in the missile defense...
by mhadden1
Tue Jan 07, 2020 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Adding Mother-in-law to joint account?
Replies: 23
Views: 1903

Re: Adding Mother-in-law to joint account?

The Gordian knot preventing MIL's purchase means that she doesn't have enough money to buy. And yes,the OP could cut through the knot by giving MIL a lot of money. I think in most cities MIL could use her available resources to rent an appropriate apartment to live in, and maybe purchase something l...
by mhadden1
Mon Jan 06, 2020 2:45 pm
Forum: Personal Investments
Topic: Whats the best way to fire my adviser and move to Vanguard?
Replies: 21
Views: 1596

Re: Whats the best way to fire my adviser and move to Vanguard?

would there be much of an advantage to moving this new money into the total market ETFs (VTI and VXUS) or would it be better to roll it into the existing mutual funds of VTSAX and VTIAX? I personally use mostly ETFs. I don't think the choice between an essentially equivalent ETF or mutual fund make...
by mhadden1
Mon Jan 06, 2020 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: When is 0.1% expense ratio too high?
Replies: 18
Views: 2256

Re: When is 0.1% expense ratio too high?

Wow 0.05% expense ratio!!! That is incredibly low. If I were you, I would just leave it as is. +1 You seem to reside in the best of all possible worlds. I think your employer is offering you and all your colleagues a terrific benefit by providing these great funds with such low expenses. My own emp...
by mhadden1
Mon Jan 06, 2020 12:40 pm
Forum: Personal Investments
Topic: Whats the best way to fire my adviser and move to Vanguard?
Replies: 21
Views: 1596

Re: Whats the best way to fire my adviser and move to Vanguard?

I have moved a few accounts to Vanguard and essentially requested Vanguard to "pull" the assets. In my case there were a few funds that had to be liquidated first, which I had to directly authorize. It sounds like the assets in question here can be transferred to Vanguard "in kind" without being sol...
by mhadden1
Sun Jan 05, 2020 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Defining FI
Replies: 8
Views: 1665

Re: Defining FI

Jack FFR1846 wrote: Sun Jan 05, 2020 5:38 pm I have a spread sheet, broken down by year.
....
I built this to show my wife what she'd have when I die.
I think DW appreciates my activity as her financial adviser but she doesn't get this kind of service. :( I hope I don't get fired. Lucky for me she does not look at this forum. :happy
by mhadden1
Sat Jan 04, 2020 9:19 am
Forum: Personal Investments
Topic: National Life Group refuses to rollover 403b annuity to 401k
Replies: 22
Views: 1691

Re: National Life Group refuses to rollover 403b annuity to 401k

A school district often has many 403b vendors to choose from. Most are lousy, but there are occasional good ones. You (she) will have to get the list and contact each one to find out what they offer and the costs of what they offer. It can be a grueling project. +1 Many, maybe most states and local...
by mhadden1
Thu Dec 26, 2019 7:38 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Lowers Expense Ratios on 56 Funds
Replies: 73
Views: 7759

Re: Vanguard Lowers Expense Ratios on 56 Funds

Broken Man 1999 wrote: Thu Dec 26, 2019 11:04 am
A lowered ER is a gift that keeps on giving. Easiest money I never worked for.

Broken Man 1999
Hear, hear! I hope this is an ingredient that contributes to a happy new year for all BHs. :sharebeer
by mhadden1
Sun Dec 22, 2019 3:13 pm
Forum: Personal Investments
Topic: In or Near Retirement with Only Six Figures?
Replies: 126
Views: 15689

Re: In or Near Retirement with Only Six Figures?

Shallowpockets wrote: Sat Dec 21, 2019 9:29 am I retired with 6 figures in 2015. Now over 7 figures.

Conservative or aggressive? I am at 70/30. That’s what I have more or less been all along.
Virtually the same script for me.
by mhadden1
Sun Dec 22, 2019 3:05 pm
Forum: Personal Investments
Topic: Mail from Vanguard - Account could be turned over to state due to lack of interest
Replies: 97
Views: 9470

Re: Mail from Vanguard - Account could be turned over to state due to lack of interest

I received a snail mail from Vanguard yesterday that my account could be turned over to state as unclaimed property if I fail to show interest in my account by either not logging on to the account, or contacting VG by phone. The mail also added that if the assets are in a retirement account, the IR...
by mhadden1
Tue Dec 17, 2019 11:12 pm
Forum: Personal Investments
Topic: Are we trying to time the market?
Replies: 10
Views: 1306

Re: Are we trying to time the market?

If investing for the long term, I would get to the desired AA and stay there. Since your windfall was recent you probably don't have excessive capital gains to worry about. Continue to aim for tax efficiency by holding fixed-income in your tax advantaged accounts.
by mhadden1
Mon Dec 16, 2019 1:58 pm
Forum: Personal Investments
Topic: Starting Portfolio when Rollover IRA is maxed out
Replies: 93
Views: 3591

Re: Starting Portfolio when Trad IRA is maxed out help

Your "friend" may or may not be doing what is the best available (from their company), but too many people have been trapped into bad financial decisions due to not wanting to break up with their "friend". Even our senior person, Taylor, left a "friend" who always took him on his boat, but I believ...
by mhadden1
Mon Dec 16, 2019 1:47 pm
Forum: Personal Investments
Topic: Wanting to self manage. How do I "get out" of Scotttrade?
Replies: 8
Views: 1009

Re: Wanting to self manage. How do I "get out" of Scotttrade?

Scottrade got bought by TD Ameritrade a while ago and TD is being taken over by Schwab next year. TD and Schwab are both good for independent investors. I use the inexpensive Schwab index ETFs for total market, bond, and international. I don't know the details of the TD transition to Schwab but whe...
by mhadden1
Sat Dec 14, 2019 9:34 am
Forum: Personal Investments
Topic: Helping Widowed Aunt
Replies: 34
Views: 3614

Re: Helping Widowed Aunt

I've recommended she speak with an advisor at Vanguard but she felt it was over her head and they wanted 3% annually to advise her or so i'm told. I am not a sophisticated investor, but rather a regular one that's done decent over the years, but would consider my self a little over a beginner but d...
by mhadden1
Fri Dec 13, 2019 5:10 pm
Forum: Personal Consumer Issues
Topic: Advice on what to do with an extra car needing a big repair
Replies: 40
Views: 1164

Re: Advice on what to do with an extra car needing a big repair

I've sold a vehicle to Carmax before, basically just to get rid of it. It was very low hassle. I didn't get top dollar for it, but it sounds like that's not your goal. My son did this and it was very convenient. He had to get the Christmas tree on the dash turned off first. It just has to stay off ...
by mhadden1
Wed Dec 11, 2019 6:50 pm
Forum: Personal Investments
Topic: Help I’m overwhelmed [Help selecting investments]
Replies: 42
Views: 2920

Re: Help I’m overwhelmed

I’m looking for something where I can invest a fix amount monthly (about 2K) long-term and forget about it. With ETFs I would have to login in vanguard and calculate the amount I can afford individually. If your workplace offers access to a 401k or something similar, that would likely be a good way...
by mhadden1
Tue Dec 10, 2019 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: What is the best 2% cash back credit card w/ no annual fee, now that Citi has stripped the Double Cash of key benefits?
Replies: 83
Views: 12031

Re: What is the best 2% cash back credit card w/ no annual fee, now that Citi has stripped the Double Cash of key benefi

Can't really speak to benefits such as car insurance etc, but I've been using the Fidelity 2% cashback card (issued by Elan Financial) for some years now and am pretty happy with it. 2% cash back on all purchases, deposited into your Fidelity account. I have mine going to my Cash Management account...
by mhadden1
Sat Nov 16, 2019 12:22 pm
Forum: Personal Investments
Topic: Investment suggestions for spouse
Replies: 25
Views: 884

Re: Investment suggestions for spouse

Thanks, Delamer! Had read about spousal IRAs, not sure we’ll go that route (plus the amount she’s dealing with is probably the six figure range), but thanks for the suggestion ! Will research into it. You should strongly consider a spousal IRA up to the max for both 2019 and 2020. Yes, you can't ea...
by mhadden1
Sun Sep 29, 2019 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: FAFSA question (It's FAFSA season again!)
Replies: 47
Views: 3022

Re: FAFSA question (It's FAFSA season again!)

I'm still dubious that a state college will extend a 4 year free ride scholarship. While a 1470 SAT is high, it's not tippy top high like a 1600... Here's Huntsville's matrix for incoming out of state students - 100% tuition for 4.0 and 1390 SAT (they allow weighted GPA) https://ifap.ed.gov/efcform...
by mhadden1
Thu Jul 11, 2019 8:04 pm
Forum: Investing - Theory, News & General
Topic: Asset Allocation of the Ultra-Wealthy, can I copy their portfolio with index funds?
Replies: 63
Views: 5866

Re: Asset Allocation of the Ultra-Wealthy, can I copy their portfolio with index funds?

David Jay wrote: Thu Jul 11, 2019 6:41 pm
teelainen wrote: Thu Jul 11, 2019 6:25 pmBut sometimes the asset allocation of the ultra-wealthy can withstand market crashes a little better.
Do you have any basis for this statement?
This piqued my curiosity too. How does Tiger Beat Club withstand crashes? I would do it with T-bills.
by mhadden1
Thu Jul 11, 2019 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Pay student loans via cash-out refinance?
Replies: 41
Views: 2593

Re: Pay student loans via cash-out refinance?

I don't see how it helps you much to trade your student debt for debt secured by your house. If you really get in a tight spot maybe the family member will work with you a little on that loan. Otherwise I would keep paying the loans down, and use any windfall for that purpose. Happily, as time goes ...
by mhadden1
Tue Jul 09, 2019 1:06 pm
Forum: Personal Investments
Topic: Should I rollover my Vanguard 401k to my Fidelity 401k?
Replies: 16
Views: 1083

Re: Should I rollover my Vanguard 401k to my Fidelity 401k?

I would consolidate at fidelity given the situation you described. Is there some reason you don't want to? I like Vanguard mutual funds... A LOT. Fidelity offers low cost index funds, suitable for a Three Fund Portfolio, that I consider at least the equal of the corresponding Vanguard funds. The BH...
by mhadden1
Tue Jul 09, 2019 11:18 am
Forum: Personal Consumer Issues
Topic: Buying a Smoker
Replies: 154
Views: 13277

Re: Buying a Smoker

I agree with the poster who recommended the Weber kettle grill. Put the coals on one side of grill, meat on the other side, add wood chips on coals, close top vent to 1\2 open, position top vent over meat. Don't open for at least an hour, 2 hours for ribs or pork roast. Also, soak the wood chips fo...
by mhadden1
Mon Jul 08, 2019 9:59 pm
Forum: Personal Investments
Topic: Help - Talk to me like I'm 4 y/o please
Replies: 97
Views: 11405

Re: Help - Talk to me like I'm 4 y/o please

softwaregeek wrote: Mon Jul 08, 2019 7:44 pm Very simple. Just send an email to your advisor and then tell them you are terminating the relationship.

Then pick a discount brokerage (Schwab, Fidelity, Vangaurd, Merrill EDGE etc) and call them to start a transfer.
+1 Yes, it really is that simple.
by mhadden1
Mon Jul 08, 2019 5:05 pm
Forum: Personal Investments
Topic: FIRE question
Replies: 12
Views: 2143

Re: FIRE question

jdavis31 wrote: Mon Jul 08, 2019 4:59 pm how do people with most of their net worth in a 401k FIRE before 59?
For one thing, many 401k plans, like mine, allow access without penalty after age 55 if you separate from the company. Does yours allow that?
by mhadden1
Sat Jul 06, 2019 10:59 am
Forum: Investing - Theory, News & General
Topic: Historically has it been bad to withhold further contributions 8 years after the beginning of a bull market?
Replies: 36
Views: 4059

Re: Historically has it been bad to withhold further contributions 8 years after the beginning of a bull market?

K8ya wrote: Sat Jul 06, 2019 10:32 am Common wisdom among the pundits and also the small folk
When you detect what this is, it's normally safe to do the opposite.
by mhadden1
Sat Jul 06, 2019 8:52 am
Forum: Personal Investments
Topic: VALIC 457 options - which to potentially choose?
Replies: 16
Views: 854

Re: VALIC 457 options - which to potentially choose?

I was getting interested in Schwab PCRA I use a Schwab PCRA via my 401k for the majority of my retirement investing. Schwab offers very inexpensive index funds that are Bogleheads approved. The wiki page about the Three Fund Portfolio lists the Schwab funds to use - https://www.bogleheads.org/wiki/...
by mhadden1
Mon Jul 01, 2019 10:51 pm
Forum: Personal Investments
Topic: Investing a windfall when the market is at “an all-time high?”
Replies: 33
Views: 4502

Re: Investing a windfall when the market is at “an all-time high?”

The problem is, people focus on the form of the money. There's no difference between brand-new money recently invested and the stuff that's been there for years. In my tax-advantaged accounts I have 4x that amount in stocks. Should I sell all that because it's at "an all-time high"? Almost no one w...
by mhadden1
Mon Jul 01, 2019 5:30 pm
Forum: Personal Investments
Topic: AA for a portfolio that serves both the young and old
Replies: 3
Views: 395

Re: AA for a portfolio that serves both the young and old

If your dad gave you the money so he can use it to avoid a bad outcome down the road, then you need to make sure you can give it to him. I must say that, from your post, there seems to be a real lack of clarity about the goals for the money.
by mhadden1
Mon Jul 01, 2019 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Siblings and Inherited Property
Replies: 53
Views: 6952

Re: Siblings and Inherited Property

It's going to end badly I hate to say. No tenant is going to take care of the property the way the parents did. Multiple partners mean multiple problems. Reminisce and enjoy the good times but sell and move on. Yes, a brief window is now open to avoid shared heartache with a family member. For exam...
by mhadden1
Thu Jun 27, 2019 7:47 pm
Forum: Personal Investments
Topic: I'm 50, should I open a Roth or a Traditional IRA
Replies: 18
Views: 1874

Re: I'm 50, should I open a Roth or a Traditional IRA

With the income levels shown, my guess is that Traditional may end up slighter better, since you may defer tax in the 12% bracket and then pay in the 0% or 10%. Probably won't make a large amount of difference though. Either way, you may qualify for Earned Income Credit, and your retirement savings ...
by mhadden1
Thu Jun 27, 2019 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: high interest savings & checking accounts make sense?
Replies: 20
Views: 2064

Re: high interest savings & checking accounts make sense?

The big online institutions like Ally and the ilk provide competive rates over time, right now around 2% for MM or 1-year CDs. Offers from other places that are way above market usually require you to play some games with transactions and balances, and the game will generally end after a while. Ofte...
by mhadden1
Tue Jun 25, 2019 6:33 pm
Forum: Personal Investments
Topic: Financial planning now that retired
Replies: 65
Views: 13522

Re: Financial planning now that retired

I also have an account with Fidelity and could purchase ETFs once I figure those out. I agree with a previous suggestion that this is a good route. Fidelity has many inexpensive index funds you can use, some with literally no fees! What could be better? I would roll over the IRA accounts to Fidelit...
by mhadden1
Thu Jun 06, 2019 10:45 pm
Forum: Personal Investments
Topic: Receiving windfall and not sure what to do
Replies: 26
Views: 3895

Re: Receiving windfall and not sure what to do

I'm also not sure what I should do with the life insurance payout. That's quite a bit of money. Should I just put it all into a taxable account with Vanguard and create a 3-fund portfolio? The 3-fund portfolio is the stone cold Bogleheads way, and likely a good choice for you. You will have have to...
by mhadden1
Thu Jun 06, 2019 10:01 pm
Forum: Personal Investments
Topic: Portfolio Review – Haunted by a Late Start on Retirement
Replies: 3
Views: 824

Re: Portfolio Review – Haunted by a Late Start on Retirement

At a glance it looks like your household income is well above average and your expenses enable you to live well below your means. You don't describe any particular problems like health issues, no pension or SS, or anything odd. If you can save 47k yearly for the next 20-30 years, you should be golde...