Search found 225 matches

by evilityb
Mon Mar 23, 2020 12:45 pm
Forum: Personal Investments
Topic: Walk me through TLH
Replies: 5
Views: 551

Re: Walk me through TLH

I have a specific question about a wash sale: A couple of years ago I TLHed from VTIAX to VFWAX. Now I want to TLH back from VFWAX to VTIAX. Lucky me, I had the fund set for dividend reinvestment and dividends were distributed on 3/20 :( Cost basis method for VFWAX was set to "not specified" until ...
by evilityb
Sun Mar 22, 2020 8:46 pm
Forum: Personal Investments
Topic: Walk me through TLH
Replies: 5
Views: 551

Walk me through TLH

I currently have a taxable account holding exclusively VTI. In 2018 I bought about about $22,500 of VTI between prices of $136 and $150 per share. I have reinvested all dividends. At present, VTI is trading at $115/share. Do I need to be worried with short-term vs. long-term here, since it's losses ...
by evilityb
Thu Mar 12, 2020 12:09 pm
Forum: Personal Investments
Topic: Need advice
Replies: 9
Views: 442

Re: Need advice

Reply Portfolio low six figures, live on SS and small pension. Agi is 25000. . Exp 31000. No other income. I have been using Rmd to meet annual expenses. Since you are only in need of the RMDS's and aren't pulling deeper into principal I would encourage you to leave your retirement funds invested a...
by evilityb
Thu Mar 12, 2020 9:29 am
Forum: Personal Investments
Topic: Need advice
Replies: 9
Views: 442

Re: Need advice

Please don't panic and sell. Your holdings are roughly 40% equity and 60% bonds in those two funds. That is a nicely conservative holding. My 86 year old mother holds the same percentages and she is only down a very few percentage points for the year as a result. You are likely in the same position...
by evilityb
Thu Mar 12, 2020 9:18 am
Forum: Personal Investments
Topic: Need advice
Replies: 9
Views: 442

Re: Need advice

We do not have enough information about your portfolio to help you decide what you should do. Please do not do anything in a panic. Here is an outline to follow when asking questions about your portfolio. Please edit your original post to follow this format: https://www.bogleheads.org/forum/viewtopi...
by evilityb
Thu Mar 12, 2020 8:52 am
Forum: Personal Investments
Topic: How much you lost/gain since Feb 20,2020 ?
Replies: 320
Views: 25678

Re: How much you lost/gain since Feb 20,2020 ?

I looked yesterday, saw I was down about $50k and it made me start feeling slightly anxious. So, I saw today's drop and decided not to look at my portfolio again. I just remember that this is a blip in the remaining 25+ year investing horizon I anticipate and that my AA is appropriate given how far ...
by evilityb
Tue Mar 10, 2020 10:33 am
Forum: Personal Investments
Topic: Moms retirement question, strapped
Replies: 12
Views: 1848

Re: Moms retirement question, strapped

Is it possible to have her live with you or another relative? Cutting her costs down here is key, and housing is likely the single largest expenditure. If you can get that down to $0 or nearly $0, she will be in much better shape.
by evilityb
Tue Mar 10, 2020 10:23 am
Forum: Personal Investments
Topic: Annual Roth IRA Investment Timing
Replies: 2
Views: 223

Re: Annual Roth IRA Investment Timing

¯\_(ツ)_/¯ this is what I did. I put $2k in a couple weeks ago when we had the first dip and $2k in yesterday. I'm holding off on the last bit until summer because I need to make sure I have enough cash to pay off some debt by the end of June. But as the poster above me said, this is pretty innocuous...
by evilityb
Mon Mar 09, 2020 9:31 am
Forum: Personal Investments
Topic: Market down over 6% today
Replies: 56
Views: 5914

Re: Market down over 6% today

My HSA allocation of about $1300 hit my account this morning and I invested it in Fidelity's total market fund. I made a $2,000 contribution to my Roth this morning, invested in VTSAX. My bi-weekly investment in the TSP (L-fund 2050) hits Wednesday. I did the same 2 weeks ago. I have about 20 years ...
by evilityb
Tue Mar 03, 2020 1:06 pm
Forum: Personal Investments
Topic: Newbie looking for guidance.
Replies: 9
Views: 469

Re: Newbie looking for guidance.

To track spending/budgets, Mint and YNAB are popular. No need to spend money on additional software.
by evilityb
Tue Mar 03, 2020 10:48 am
Forum: Personal Investments
Topic: so the Fed cut the rate, how does that affect the market? investors?
Replies: 25
Views: 1965

Re: so the Fed cut the rate, how does that affect the market? investors?

Biggest impact will be on those looking to borrow, particularly for mortgages. I'm hoping it stays low for a while so it aligns with when I will be refinancing my house. This is the biggest opportunity we have to leverage at the moment, outside of our regular index investing, IMO.
by evilityb
Thu Feb 13, 2020 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Financial/career and life advice requested
Replies: 34
Views: 3477

Re: Financial/career and life advice requested

This sounds like a phenomenal opportunity to jump and reinvent yourself. Just think of the possibilities! Early 50s is young and it's absolutely silly that we, culturally, act like we stop growing as people after some super young age. You have several more decades to live a robust life and become a ...
by evilityb
Thu Feb 13, 2020 9:53 am
Forum: Personal Investments
Topic: Invest or pay extra on mortgage principal?
Replies: 44
Views: 2918

Re: Invest or pay extra on mortgage principal?

Given the size of the mortgage, you probably itemize deductions, as the interest alone is over $16,000, so adding $10,000 of state income or sales taxes, plus property taxes, exceeds $24,800. If you donate to charity, you will continue itemizing deductions for several years as the mortgage balance ...
by evilityb
Tue Jan 28, 2020 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: How to save BIG in a HCOLA
Replies: 64
Views: 5147

Re: How to save BIG in a HCOLA

I used to live in NOVA and am now in the District. The public schools are likely fine where you are, so don't spend money on private schools. You will find that this is very much a service-oriented economy -- literally everything costs money and it's difficult to do things yourself (like wash your c...
by evilityb
Tue Jan 28, 2020 1:49 pm
Forum: Personal Consumer Issues
Topic: I have a question for those in early FIRE or planning on early FIRE
Replies: 81
Views: 8283

Re: I have a question for those in early FIRE or planning on early FIRE

1) Waking up when I want to; drinking a leisurely cup of coffee 2) Playing sports 3) Singing in my choir(s) 4) Picking up new hobbies 5) Probably teaching a few classes at community colleges, when I want to 6) Cultivating community and valuable interpersonal connections 7) Contributing to my communi...
by evilityb
Tue Jan 28, 2020 1:11 pm
Forum: Personal Investments
Topic: How to account for inflation?
Replies: 9
Views: 699

Re: How to account for inflation?

The simple math of it is a growth equation: Future value = (current value) x (1+growth rate)^time If you expect a NOMINAL growth rate of 7% and inflation is expected to be 2%, your REAL growth rate is 5% (7-2=5). These rates are annual, so we will use years for our "time" variable. NOMINAL future va...
by evilityb
Mon Jan 13, 2020 5:50 pm
Forum: Personal Investments
Topic: Directionless drift
Replies: 32
Views: 4132

Re: Directionless drift

OP - A book you and your spouse might enjoy: https://marknepo.com/books_onelife.php I encourage you to take time to think about what you value and put your money and efforts there. You are never too old to begin cultivating new hobbies and interests, in fact, it will benefit you to try new things th...
by evilityb
Fri Jan 10, 2020 4:06 pm
Forum: Personal Investments
Topic: Redeeming Iraqi Dinars - How Best?
Replies: 26
Views: 3214

Re: Redeeming Iraqi Dinars - How Best?

There are a lot of contractors that go overseas to Iraq, as well as military. I suggest googling around for message boards of international development workers who are on their way over there. There are *many* employers over there. You might even have luck looking around on LinkedIn for a USFG emplo...
by evilityb
Fri Jan 10, 2020 12:32 pm
Forum: Personal Investments
Topic: HSA Confusion - Federal Employee
Replies: 22
Views: 1667

Re: HSA Confusion - Federal Employee

I wouldn't discount Social Security (SS) entirely. If you were to have 17 or 18 years of SS wages >= SS maximum taxable earnings (MTE). Your SS primary insurance amount (PIA) would be approximately 75% of maximum. This is because SS benefits more heavily weigh lower incomes. SS should not be discou...
by evilityb
Fri Jan 10, 2020 12:19 pm
Forum: Personal Investments
Topic: HSA Confusion - Federal Employee
Replies: 22
Views: 1667

Re: HSA Confusion - Federal Employee

First, I had no idea you could send your paycheck 16 different places. :shock: It is a powerful tool to rack up bank account opening bonuses that require direct deposit(s) to qualify. What a great idea. Last year I got about $3k in bonuses and if I'd known to do this, I think I could have gotten an...
by evilityb
Thu Dec 26, 2019 2:59 pm
Forum: Personal Investments
Topic: Age 25 - What is my next step?
Replies: 8
Views: 1126

Re: Age 25 - What is my next step?

It is possible to access funds from tax-advantaged accounts before age 59.5 - see https://www.madfientist.com/how-to-access-retirement-funds-early/. You should max TSP and any other tax-advantaged accounts (e.g., HSA) before investing in taxable. Particularly if you're thinking about FIRE, max the ...
by evilityb
Thu Dec 26, 2019 2:27 pm
Forum: Personal Investments
Topic: HSA Confusion - Federal Employee
Replies: 22
Views: 1667

Re: HSA Confusion - Federal Employee

Thanks, all! The Bogleheads have come through, once again. :D First, I had no idea you could send your paycheck 16 different places. :shock: I'm not expecting much from social security, since I plan to leave the workforce some time in my 40s, so I haven't even bothered to include it in any of my fut...
by evilityb
Tue Dec 24, 2019 1:25 pm
Forum: Personal Investments
Topic: HSA Confusion - Federal Employee
Replies: 22
Views: 1667

Re: HSA Confusion - Federal Employee

Remember your open season elections don’t take effect until PP1. MyEPP has a separate section titled “HSA”. That is where you’ll want to setup your HSA allotment to Fidelity. That will be all pre-tax money. If you use one of your 16 allotments to contribute to your HSA it will be after taxes. Can y...
by evilityb
Mon Dec 23, 2019 4:23 pm
Forum: Personal Investments
Topic: HSA Confusion - Federal Employee
Replies: 22
Views: 1667

Re: HSA Confusion - Federal Employee

Thank you both for the info you gave me. I was able to use it to do a little more digging and figure it all out. No info in any brochure I found, but I called CareFirst/Blue Cross and asked about the HSA. They informed me that it's with a company called "Further." I posted the info below for anyone ...
by evilityb
Mon Dec 23, 2019 3:13 pm
Forum: Personal Investments
Topic: HSA Confusion - Federal Employee
Replies: 22
Views: 1667

Re: HSA Confusion - Federal Employee

Which HSA plan did you sign up for? GEHA? Using GEHA as an example, you didn't need to open an HSA account. GEHA will open one for you with their contracted provider which is HSA Bank. The $900 they give you goes to that account. HSA Bank through GEHA is a decent deal. The minimum balance requireme...
by evilityb
Mon Dec 23, 2019 3:08 pm
Forum: Personal Investments
Topic: HSA Confusion - Federal Employee
Replies: 22
Views: 1667

Re: HSA Confusion - Federal Employee

a) Your plan's brochure should tell you where they will deposit the premium pass-through. Mine (GEHA) is deposited with HSA Bank. I deposit my personal contributions into Fidelity. b) Correct c) The pretax deduction is more valuable than the post-tax deduction for me. I cannot answer for you. d) Co...
by evilityb
Mon Dec 23, 2019 2:33 pm
Forum: Personal Investments
Topic: HSA Confusion - Federal Employee
Replies: 22
Views: 1667

HSA Confusion - Federal Employee

Hello Fellow Bogleheads - I recently switched to a high deductible health plan so I can take advantage of the HSA. I've opened an HSA account at Fidelity and I'm in the federal employee system setting up automatic contributions, but I'm confused on a few different things. I'll explain them the best ...
by evilityb
Wed Dec 11, 2019 9:43 am
Forum: Personal Investments
Topic: should I pay off my car?
Replies: 35
Views: 2278

Re: should I pay off my car?

After reading this thread again, I think it would be helpful to look at your portfolio holistically, as opposed to just deciding to pay off a car loan or not. I say this because I suspect there is a lot of inefficiency in your portfolio and you can probably simplify things, minimize costs, improve y...
by evilityb
Tue Dec 10, 2019 12:58 pm
Forum: Personal Investments
Topic: should I pay off my car?
Replies: 35
Views: 2278

Re: should I pay off my car?

An emergency fund that large is likely unnecessary and costing you a lot in terms of the opportunity for growth by being invested. That said, you know your own risk factors and comfort level, so if $100k in cash is what you need to sleep at night, then $100k it is. I would do the following with the ...
by evilityb
Mon Dec 09, 2019 1:45 pm
Forum: Personal Investments
Topic: Can i retire?
Replies: 48
Views: 4924

Re: Can i retire?

When you say $2.4M in assets, is that including the equity in your personal home or is it 401k/IRA/taxable/etc.? Are the tax sheltered assets in traditional accounts or Roth? Using the 4% rule, you could spend as much as $96k a year. Since you're expecting to spend less than that, collect a pension ...
by evilityb
Wed Dec 04, 2019 10:25 am
Forum: Personal Investments
Topic: Thrift Savings Plan Allocation
Replies: 13
Views: 1231

Re: Thrift Savings Plan Allocation

I'm a 36-year-old Fed myself with an aggressive portfolio. I use the L-fund 2050 at the moment and will switch to the L fund 2065 in July when it becomes available. My IRA is nearly 100% VTSAX (save a few individual stocks I just haven't sold) as is my taxable. I like the L fund because it rebalance...
by evilityb
Fri Nov 22, 2019 11:22 am
Forum: Personal Investments
Topic: New Boglehead - Confused About Retirement Money
Replies: 12
Views: 1957

Re: New Boglehead - Confused About Retirement Money

Congrats on getting off to such a great start so early. If you are able to keep your expenses low (avoid life style creep), put your savings into low-cost, tax-efficient investments, and continue to work your way up getting pay raises in the future, you'll be in solid shape in no time. You've also c...
by evilityb
Fri Nov 22, 2019 10:45 am
Forum: Personal Investments
Topic: Gov Pension -- Keep or Cash Out
Replies: 22
Views: 2001

Re: Gov Pension -- Keep or Cash Out

One thing to keep in mind is that if you decide to take the refund and end up going back to work for the Government at some point, you can make a deposit to buy back that time. You would owe interest however that would be charged from the date of the refund and compounded annually. https://www.opm....
by evilityb
Thu Nov 21, 2019 11:08 am
Forum: Personal Investments
Topic: Gov Pension -- Keep or Cash Out
Replies: 22
Views: 2001

Re: Gov Pension -- Keep or Cash Out

Thanks for all the replies. I will still definitely talk to HR, but I don't think the MRA point applies here, since I wouldn't be drawing the pension until 62. My understanding is that MRA only comes into play if you're trying to retire (and take pension benefits) earlier than 62. Yes, that's more ...
by evilityb
Thu Nov 21, 2019 10:58 am
Forum: Personal Investments
Topic: Gov Pension -- Keep or Cash Out
Replies: 22
Views: 2001

Re: Gov Pension -- Keep or Cash Out

The main benefit of keeping it is if you think you might want to work in government again. Otherwise it'll be a tiny part of your portfolio either way. +1 If you come back, say at age 57, and work for 5 more years at a GS salary that has been adjusted for COLA since you initially left, your pension...
by evilityb
Thu Nov 21, 2019 10:46 am
Forum: Personal Investments
Topic: Gov Pension -- Keep or Cash Out
Replies: 22
Views: 2001

Re: Gov Pension -- Keep or Cash Out

Please check with your HR specialist on your calculation. It might not be accurate. See the "Deferred Retirement" on this page: https://www.opm.gov/retirement-services/fers-information/eligibility/ Keep the pension. It’s a great benefit with COLA too. Per OPM's website: "If you retire at the MRA wi...
by evilityb
Thu Nov 21, 2019 9:51 am
Forum: Personal Investments
Topic: Gov Pension -- Keep or Cash Out
Replies: 22
Views: 2001

Re: Gov Pension -- Keep or Cash Out

Please check with your HR specialist on your calculation. It might not be accurate. See the "Deferred Retirement" on this page:

https://www.opm.gov/retirement-services ... igibility/
by evilityb
Thu Nov 14, 2019 10:28 am
Forum: Personal Investments
Topic: Emergency Fund - High Yield Savings Account?
Replies: 8
Views: 597

Re: Emergency Fund - High Yield Savings Account?

Ally bank is popular on this forum. I use Barclays US.

Also look into the Fidelity Cash Management account. It functions like a checking account but pays a decent yield. https://www.fidelity.com/cash-managemen ... t/overview
by evilityb
Thu Nov 14, 2019 10:23 am
Forum: Personal Investments
Topic: How to combine finances with your spouse? Recently married/early30s
Replies: 72
Views: 5546

Re: How to combine finances with your spouse? Recently married/early30s

The one thought I had while reading this thread is this: It is probably financially in your (plural) best interest to pay off the loans, particularly the high-interest loans but comes at a risk to you (singular) if the relationship does not last beyond a given amount of time. Consider this approach:...
by evilityb
Tue Nov 12, 2019 10:36 am
Forum: Personal Investments
Topic: TSP question
Replies: 6
Views: 752

Re: TSP question

I would suggest the L fund for him, either L 2020 or L 2030 depending on his preference and volatility tolerance. Being all C and S does feel awfully aggressive this close to retirement, but the G fund is basically a glorified cash position and he would be missing out on growth and dividends. Assumi...
by evilityb
Thu Nov 07, 2019 11:57 am
Forum: Personal Investments
Topic: Will we be OK at 3% WR?
Replies: 342
Views: 26202

Re: Will we be OK at 3% WR?

I think someone already posted a link to one of the articles in this blog series. Of all of the safe withdrawal rate stuff out there, this is the most thorough I've seen, along with CAPE valuation done by a blogger at Kitces.com. This is the article series: https://earlyretirementnow.com/2016/12/07/...
by evilityb
Tue Nov 05, 2019 3:55 pm
Forum: Personal Investments
Topic: Retirement
Replies: 21
Views: 2840

Re: Retirement

Nope, not screwed. This is how you do it: 1) Get a detailed picture of all of your spending over the last year. I use Mint.com for this, personally. 2) Look at each category of spending (housing, transportation, groceries, restaurants, travel, et cetera) and see where your biggest expenses are. 3) B...
by evilityb
Wed Oct 30, 2019 8:56 am
Forum: Personal Investments
Topic: Need help for investing life insurance for 6 year old nephew
Replies: 21
Views: 2723

Re: Need help for investing life insurance for 6 year old nephew

I'm so sorry for your loss. I'm not sure how legal this is or how it would look if ever discovered ... but would the father be willing to sign adoption papers giving you permanent custody in exchange for you, say... buying his food stamps at a premium? I hope you are able to be a strong influence in...
by evilityb
Fri Jul 26, 2019 1:52 pm
Forum: Personal Investments
Topic: Should I pay off my mortgage?
Replies: 34
Views: 2578

Re: Should I pay off my mortgage?

Thank you to everybody who provided comments. The consensus seems to be to refi, and this indeed lines up with my feeling too. Just wanted to run it by the Boglehead community. There seems to be a split on whether I should pay down the mortgage, or to divert funds elsewhere. My plan is to continue ...
by evilityb
Fri Jul 26, 2019 11:53 am
Forum: Personal Investments
Topic: Should I pay off my mortgage?
Replies: 34
Views: 2578

Re: Should I pay off my mortgage?

Hey, fellow Fed here (on a Boglehead lunch break). You don't want to take a personal or TSP loan or withdraw from your IRA simply because the growth those of funds will be greater than the interest you pay on your mortgage. I'm assuming you can write off your mortgage interest? If so, your effectiv...
by evilityb
Fri Jul 26, 2019 11:18 am
Forum: Personal Investments
Topic: Should I pay off my mortgage?
Replies: 34
Views: 2578

Re: Should I pay off my mortgage?

Hey, fellow Fed here (on a Boglehead lunch break). You don't want to take a personal or TSP loan or withdraw from your IRA simply because the growth those of funds will be greater than the interest you pay on your mortgage. I'm assuming you can write off your mortgage interest? If so, your effective...
by evilityb
Fri Jul 19, 2019 8:41 am
Forum: Personal Investments
Topic: This is bad right?? [my investment earnings]
Replies: 43
Views: 5144

Re: This is bad right?? [my investment earnings]

This is how you preserve the friendship and move on to manage your portfolio yourself: "Thanks for managing my finances for me after the divorce. I'm glad I had you to help me through that. Things have gotten back on track and I'm ready to manage my finances myself now. Could you please send me all ...
by evilityb
Fri Mar 15, 2019 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Time to Buy Another Car - New/Used & Financing Question
Replies: 8
Views: 1072

Re: Time to Buy Another Car - New/Used & Financing Question

livesoft wrote:
Fri Mar 15, 2019 8:43 pm
Why not buy another car from a friend?
None of my friends here in the District are selling cars, unfortunately. Plus, friends selling cars for $800 come in short supply. :wink:
by evilityb
Fri Mar 15, 2019 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Time to Buy Another Car - New/Used & Financing Question
Replies: 8
Views: 1072

Time to Buy Another Car - New/Used & Financing Question

Hello my fellow Bogleheads! It seems that 2019 is the year I buy another car. My adorable 1993 Honda Civic is entering 'beater' territory, and it's time to be replaced. I've had it for 13 years and bought it from a friend when I was in college. I'd say I've gotten my use out of the $800 I paid for i...
by evilityb
Fri Jan 11, 2019 9:19 pm
Forum: Personal Investments
Topic: Biggest Investment Mistake
Replies: 248
Views: 24585

Re: Biggest Investment Mistake

Asking all the right questions to all the wrong people when I was young. I got my first job at 17 and was saving half of my paycheck, asking how I could save for retirement and getting responses like, "you're too young to worry about that, just spend it for now." So, I did. Finally, when I was 28, I...