Search found 195 matches

by evilityb
Wed Dec 04, 2019 10:25 am
Forum: Personal Investments
Topic: Thrift Savings Plan Allocation
Replies: 13
Views: 1038

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: 1900

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: 1848

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: 1848

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: 1848

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: 1848

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: 1848

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: 555

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: 5116

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: 689

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: 24600

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: 2735

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: 2527

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: 2511

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: 2511

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: 2511

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: 5030

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: 1042

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: 1042

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: 219
Views: 20204

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...
by evilityb
Wed Jan 09, 2019 6:27 pm
Forum: Personal Investments
Topic: Help choosing funds for girlfriends 401k
Replies: 10
Views: 756

Re: Help choosing funds for girlfriends 401k

1) Send a link of this thread to your girlfriend. It's awesome that you're helping her get started by introducing her to the forum. Being educated and empowered over her finances going forward will, of course, serve her well. 2) Please list (or better, girlfriend, sign up for a BH account and list) ...
by evilityb
Tue Nov 20, 2018 11:15 am
Forum: Personal Investments
Topic: Real Estate for Rental Income
Replies: 6
Views: 856

Re: Real Estate for Rental Income

I had a super long response typed up and then my computer crashed... :oops: Annnnyways... I own rental property and I can tell you that it isn't for the faint of heart. First, you need to do the cost-benefit analysis correctly. I cannot stress the importance of this enough. You must account for ALL ...
by evilityb
Mon Nov 19, 2018 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: The psychology of withdrawing from your portfolio
Replies: 58
Views: 6349

Re: The psychology of withdrawing from your portfolio

I'm several years (decades?) from retirement, but I am genuinely curious about the psychological experience of drawing down on one's portfolio. I'm quite fascinated by psychology and how the human brain works, so I'd just like to understand this. Could some of you elaborate on exactly what emotions ...
by evilityb
Wed Oct 24, 2018 2:31 pm
Forum: Personal Investments
Topic: Considering Leaving Vanguard [due to incompatibility with Mint]
Replies: 8
Views: 1119

Re: Considering Leaving Vanguard [due to incompatibility with Mint]

Thank you all for the replies. This tells me that there is a way to mitigate the problem I'm having. The issue isn't that my accounts aren't updating, that's a different problem that happens time to time with Mint and many different accounts. The issue is that Vanguard alerts me with a notification ...
by evilityb
Wed Oct 24, 2018 1:44 pm
Forum: Personal Investments
Topic: Considering Leaving Vanguard [due to incompatibility with Mint]
Replies: 8
Views: 1119

Considering Leaving Vanguard [due to incompatibility with Mint]

Recently Vanguard has made a security feature mandatory, requiring that users sign up to receive a notification every time their account is logged into from an unrecognized device. This is a great feature, except that Vanguard is no longer compatible with Mint.com when the feature is enabled. What I...
by evilityb
Wed Oct 24, 2018 9:46 am
Forum: Personal Investments
Topic: Another TSP Lifecycle Question
Replies: 9
Views: 742

Re: Another TSP Lifecycle Question

I am also 35 and invested in the L2050. I, too, feel like it is a bit conservative for my risk tolerance. They way I've handled that is by opening a Roth IRA in addition to my TSP. Currently, about 2/3 of my retirement investments are in my TSP and 1/3 in my Roth. In the Roth, I am invested in Vangu...
by evilityb
Wed Oct 10, 2018 9:43 am
Forum: Personal Investments
Topic: Helping girlfriend (full-time teacher) with retirement options: 401k, 403b, 457?
Replies: 15
Views: 1780

Re: Helping girlfriend (full-time teacher) with retirement options: 401k, 403b, 457?

My only piece of advice is that you send your girlfriend a link to this thread so she can follow it and get the information first hand. It always makes my heart sing when I see young people getting their finances on track for the future. Well done to both of you! :beer
by evilityb
Wed Sep 26, 2018 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: teaser savings rates - how long have they lasted?
Replies: 5
Views: 728

Re: teaser savings rates - how long have they lasted?

I bank with Barclays and mine has only gone up. I think it was ballpark 1.2% when I opened the account and now it's at 1.85%.
by evilityb
Tue Sep 25, 2018 11:42 am
Forum: Personal Investments
Topic: To rent out our house or not
Replies: 25
Views: 1531

Re: To rent out our house or not

We pay $2850 a month for our mortgage, insurance and taxes, and I think we could get $3300 to $3500 for it. Your mortgage is $2850/month but that is not your only expense for this house that needs to be taken into account. First, there is maintenance. You can assume this to be roughly 1% of the val...
by evilityb
Mon Aug 13, 2018 7:28 pm
Forum: Personal Investments
Topic: Optimal fixed income allocation for TSP users with a Roth IRA
Replies: 8
Views: 782

Re: Optimal fixed income allocation for TSP users with a Roth IRA

There is really no reason not to lose money while you are so young because you will be rewarded for those losses in the future. I agree with this statement -- which is why I disagree that 30% of your portfolio should be in the G fund. That is a bit conservative for an early 30 something. I also am ...
by evilityb
Tue Jul 03, 2018 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: Dear wise Bogleheads, ideas highly appreciated... [Move, Switch Career]
Replies: 15
Views: 2938

Re: Dear wise Bogleheads, ideas highly appreciated...

BA Economics, Cum Laude, 2008 - Cal State Long Beach. Hello, fellow CSULB Econ grad. :sharebeer And it's very interesting that I have a nearly identical plan, except my love is teaching. And I'm trapped in DC, not Wisconsin. :wink: I think it's totally reasonable to be able to get into a budget job...
by evilityb
Tue Jul 03, 2018 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: 25-year-old military vet/undergrad student in search of advice
Replies: 11
Views: 1131

Re: 25-year-old military vet/undergrad student in search of advice

You're not behind. Most 25-year-olds are still paycheck to paycheck. Having $109k in investments with no debt actually puts you in a good position for your age. 1. I think this is an issue of risk tolerance. If it will make you feel better to have a stream of income, then go get a job. It can be in ...
by evilityb
Sun Jun 10, 2018 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Should I use an HSA?
Replies: 15
Views: 1938

Re: Should I use an HSA?

Thank you all for your replies. This is all really solid and helpful advice; I really appreciate it. I'll be figuring this all out over the upcoming months before open enrollment season.
by evilityb
Mon Jun 04, 2018 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Should I use an HSA?
Replies: 15
Views: 1938

Re: Should I use an HSA?

Thank you all for the replies. I agree that sitting down and comparing them all is step #1. Open season is in the Fall, so I have time to figure it out. I'm a Federal employee and my insurance is through work. My current HMO is Kaiser Permanente (DC area) and the bi-weekly premiums are actually lowe...
by evilityb
Mon Jun 04, 2018 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Should I use an HSA?
Replies: 15
Views: 1938

Should I use an HSA?

I currently have an HMO I'm happy with, but there is no high deductible option, so I can't take advantage of an HSA. I'm considering switching to a high deductible plan so I can. My concern is that I wouldn't like the insurance and I'd have to put up with it for a year until I could switch back. Als...
by evilityb
Mon Jun 04, 2018 7:31 am
Forum: Personal Finance (Not Investing)
Topic: What do you guys do on the side?
Replies: 299
Views: 34207

Re: The Side Hustle

I own my house and rent out 2 rooms. The goal is to renovate and rent the whole house, go buy another property and do it all over again. I came to this by looking at my expenses. I live in a high COLA - Washington, DC. I had found a super cheap apartment and shared it with a friend, paying only $630...
by evilityb
Fri Jan 12, 2018 10:50 pm
Forum: Personal Finance (Not Investing)
Topic: How much/little money to give kids in will so they continue to work
Replies: 95
Views: 9603

Re: How much/little money to give kids so they continue to work

To be clear, I am talking about how to structure our will to distribute money to kids who are now 14 and 12 should we die before they are self-supporting. It will be easy to dole out the money if we are still alive because then I can see what kind of people they turn out to be. Our existing will, w...
by evilityb
Mon Jan 01, 2018 1:40 pm
Forum: Personal Investments
Topic: Looking to take out Roth IRA money for house down payment.
Replies: 66
Views: 6186

Re: Looking to take out Roth IRA money for house down payment.

I never said I have 0 emergency fund. Long term Id like to buy and hold properties. Therefore Id use 15k in external account for one property, and thought about using Roth IRA contributions for another property. Was just a thought. If an emergency were to ever happen id gladly withdraw from my 2 fu...
by evilityb
Sun Dec 31, 2017 12:35 pm
Forum: Personal Investments
Topic: Can I afford a $600-650k house?
Replies: 60
Views: 9082

Re: Can I afford a $600-650k house?

Thanks for all the replies folks. Guess I'll put this idea off for a few years.... The easy bit will be saving more, spending less and all the other ideas listed here... The hard bit will be telling the Fiancé this is what we should do :/ :| :| This sounds like it could be a great opportunity to gr...
by evilityb
Sun Dec 31, 2017 12:21 pm
Forum: Personal Investments
Topic: Where to allocate money
Replies: 6
Views: 782

Re: Where to allocate money

We are potentially 2 years away from retirement but remain in debt. All of the debt is currently below 4.25% interest, some of it could increase by 1% every two years, some of it is 0-1%. We could likely retire now and maintain lifestyle. We plan to work 2-10 more years to reach early social securi...
by evilityb
Sun Dec 31, 2017 11:47 am
Forum: Personal Investments
Topic: Two-comma club just in time for the New Year, and thank you
Replies: 47
Views: 5600

Re: Two-comma club just in time for the New Year, and thank you

Well done! Now, enjoy the compounding. And know in the next down turn, even if it dips below $1M, you are in a strong place to ride it all out.

As we say in Armenian, Շնորհավոր!
by evilityb
Sat Dec 30, 2017 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: What is your threshold for paying down debt?
Replies: 89
Views: 7788

Re: What is your threshold for paying down debt?

I think people's personal examples above give the best answer. The common theme is risk tolerance and opportunity cost. 1) Bogleheads aren't against debt across the board; however, what I believe we see are a lot of people who tend to be risk averse on here. Or, at the least, prefer only very well c...
by evilityb
Thu Dec 28, 2017 12:26 pm
Forum: Personal Investments
Topic: Looking to take out Roth IRA money for house down payment.
Replies: 66
Views: 6186

Re: Looking to take out Roth IRA money for house down payment.

OP, In summary, my guess was correct. You have little to no emergency fund. You are 100% invested. Hence, you need to withdraw from your Roth IRA for the house down payment. The scary part is you have no idea why this is dangerous. You assume that you will be so lucky that everything will work out ...
by evilityb
Thu Dec 28, 2017 12:01 pm
Forum: Personal Investments
Topic: Can I afford a $600-650k house?
Replies: 60
Views: 9082

Re: Can I afford a $600-650k house?

Think of it this way. If i paid off the CC today and have a 0 balance next month it makes it mentally easier for me to overspend next month because adding $500 to a high balance that I'm trying to pay off with free cash flow is a lot harder mentally than adding "just a few hundred" to a balance wit...
by evilityb
Mon Dec 25, 2017 12:36 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 1121
Views: 125864

Re: What frugal thing did you do today?

I continued to not have children. It's amazing how much money I've saved with this strategy. :)
by evilityb
Mon Dec 25, 2017 11:13 am
Forum: Personal Investments
Topic: Need help in selecting funds for 401K
Replies: 13
Views: 1429

Re: Need help in selecting funds for 401K

You're right that the American target funds have high expense ratios. I would go with: Inflation-Protected Bond Vanguard Inflation-Protected Secs Adm VAIPX Large Blend Vanguard 500 Index Admiral VFIAX Mid-Cap Blend Vanguard Mid Cap Index Admiral VIMAX Small Blend Vanguard Small Cap Index Adm VSMAX ...
by evilityb
Mon Dec 25, 2017 10:55 am
Forum: Personal Investments
Topic: Late 30s, I think I’m doing everything right but would like a once-over
Replies: 14
Views: 3000

Re: Late 30s, I think I’m doing everything right but would like a once-over

Well done on being in the position you are at 38. A net worth of $881k is quite good. 1) If you're contributing to your 401(k) by percentage, make sure you don't accidentally go over the limit ($18,500 in CY 2018). 2) I don't know exactly what you're invested in in each account, so I can't comment s...
by evilityb
Mon Dec 25, 2017 1:20 am
Forum: Personal Investments
Topic: Need help in selecting funds for 401K
Replies: 13
Views: 1429

Re: Need help in selecting funds for 401K

You're right that the American target funds have high expense ratios. I would go with: Inflation-Protected Bond Vanguard Inflation-Protected Secs Adm VAIPX Large Blend Vanguard 500 Index Admiral VFIAX Mid-Cap Blend Vanguard Mid Cap Index Admiral VIMAX Small Blend Vanguard Small Cap Index Adm VSMAX T...
by evilityb
Sun Dec 24, 2017 8:41 pm
Forum: Personal Investments
Topic: Plan for Stay at home mom within 1.5yrs - what to do about mortgage/saving/expenses
Replies: 46
Views: 4286

Re: Plan for Stay at home mom within 1.5yrs - what to do about mortgage/saving/expenses

If I did the math right, it looks like about $400k of the portfolio is Mom's. I'm assuming Mom is 36 and Dad is 38 (based on the order you listed above). If that's correct, then: 1) :sharebeer Mom is awesome. 2) Mom deserves a break. Also, well done on finishing up grad school with no student loan d...
by evilityb
Sun Dec 24, 2017 6:23 pm
Forum: Personal Investments
Topic: Looking to take out Roth IRA money for house down payment.
Replies: 66
Views: 6186

Re: Looking to take out Roth IRA money for house down payment.

I'm also chiming in because I bought property about a year and a half ago using the same rent-out-rooms strategy. First, before I offer any advice, what do the rest of your assets look like? Please use the format in the "Asking Portfolio Questions" post at the top of the forum. Also, you mentioned t...