Search found 126 matches

by Ready3Retire
Mon Aug 19, 2019 5:53 am
Forum: Personal Investments
Topic: Minimal Cash and Bonds in Portfolio
Replies: 23
Views: 2247

Re: Minimal Cash and Bonds in Portfolio

If it were me, I would change my $3.5M to a 80/20 or 70/30 allocation. The difference in returns between 100/0 and 80/20 or 70/30 is not be worth the risk. But that is just me.
by Ready3Retire
Mon Aug 19, 2019 5:24 am
Forum: Personal Investments
Topic: Portfolio advice and Mega Backdoor Roth options
Replies: 3
Views: 354

Re: Portfolio advice and Mega Backdoor Roth options

I'll respond to some of your questions - If you are currently at 98/2, that is way too aggressive given your ages. I would rebalance immediately to your desired 70/30. Also, suggest you keep previous employer 401k monies there and not roll over to a tIRA, Reason is this allows you to do backdoor Rot...
by Ready3Retire
Sun Jul 21, 2019 7:17 pm
Forum: Personal Consumer Issues
Topic: Prescription drug cost and manufacturer coupon
Replies: 8
Views: 450

Re: Prescription drug cost and manufacturer coupon

Good job checking on line for the mfgr coupon. Due to high deductible healthcare plans, gone are the days of $25 (or less) co-pays. Now, one has to check these options until you find a reasonable cost for a prescription:
1) Insurance cost
2) GoodRx cost
3) Mfgr coupon
4) Canadian pharmacies
by Ready3Retire
Wed Jul 10, 2019 10:11 pm
Forum: Personal Consumer Issues
Topic: Automatic Watches
Replies: 92
Views: 5482

Re: Automatic Watches

My Omega Seamaster automatic loses about 1-2 MINUTES per day. I sent it in to the factory for a tune up/cleaning a few years ago at a cost of $700. It kept better time for a year or two. I now reset it every few days rather than spend the cost of a very nice new watch every few years for a tune up/c...
by Ready3Retire
Sat Jun 29, 2019 7:08 am
Forum: Personal Investments
Topic: Holding foreign currency for travel
Replies: 11
Views: 642

Re: Holding foreign currency for travel

I do not do this. I use an ATM debit card (Charles Schwab checking account) that has no foreign transaction fee and refunds ATM fees to withdraw local currency after I arrive in a foreign country.
by Ready3Retire
Fri Jun 28, 2019 5:45 am
Forum: Personal Investments
Topic: Looking For A Review On How To Invest $2.5M
Replies: 7
Views: 1982

Re: Looking For A Review On How To Invest $2.5M

Your wife's traditional IRA will complicate backdoor Roths for her. Read up on pro rata rule here: https://www.bogleheads.org/forum/viewtopic.php?t=239356 Since her balance is only $5K you may want to just pay the taxes and convert it to a Roth so you are clear for future backdoor Roths for her. Ano...
by Ready3Retire
Mon Jun 17, 2019 5:43 am
Forum: Personal Investments
Topic: ROTH asset allocation
Replies: 5
Views: 573

Re: ROTH asset allocation

If your portfolio includes after-tax, tax deferred (e.g. 401k, tIRA), and tax free (e.g. Roth), the recommended allocation is: 1) after- tax: hold most tax efficient such as total US or total international because you have to pay taxes on the earnings; 2) tax deferred: hold tax inefficient and lowes...
by Ready3Retire
Sun Jun 02, 2019 5:21 am
Forum: Investing - Theory, News & General
Topic: Do you have an allocation more conservative than 50/50 ?? What is it? Why? How Bogleheads are getting it done.
Replies: 135
Views: 12793

Re: Do you have an allocation more conservative than 50/50 ?? What is it? Why?

Would it make sense to use instead of X times expenses, X times the drawdown required to meet expenses. There is a big difference if most/all of your expenses are covered by pension/SS vs little or none. The equity allocation/risk need can be vastly different. I've always thought that was implied, ...
by Ready3Retire
Mon May 27, 2019 6:40 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2020!
Replies: 21
Views: 2805

Re: Roll Call for the Retirement Class of 2020!

Well, I've been jealously watching these Roll Call threads the last several years and now I can finally post! I'm planning to retire Dec 31, 2020 from MegaCorp after 32 1/2 years there. I'll be just over 60 years old. My wife plans to stop working at the same time as I do. Our plan is to then move o...
by Ready3Retire
Tue May 21, 2019 7:15 pm
Forum: Personal Investments
Topic: Advice on Windfall
Replies: 17
Views: 1983

Re: Advice on Windfall

4.75% is a highish mortgage rate especially with new tax law. You might consider using a portion of your windfall to pay off your mortgage balance. This will allow you to divert the money you would be using on the mortgage to savings - either Roth, tax deferred, or after tax.
by Ready3Retire
Thu May 16, 2019 6:04 am
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 396
Views: 34086

Re: Selling home- Demanding Buyer (Repairs)

Given you accepted the request to pay for the $5,200 of repairs, I suggest start pushing back a bit and agree to fund 50% of the new septic and drain field. This should make the prospective buyer feel like he got something out of the negotiation. Also, you are still getting a sell price above your i...
by Ready3Retire
Wed May 15, 2019 11:33 am
Forum: Personal Consumer Issues
Topic: a week in Italy(first time)
Replies: 53
Views: 4197

Re: a week in Italy(first time)

For italy, is it recommended to carry cash (Euros) or will credit card work in most places? We found most places accepted credit cards. Use one that does not charge a foreign transaction fee. Some stores/restaraunts will ask if you want the bill in USD or Euros. Always pay in Euros. Also, it is goo...
by Ready3Retire
Fri May 03, 2019 4:57 am
Forum: Personal Consumer Issues
Topic: Canadian Pharmacies
Replies: 27
Views: 2616

Re: Canadian Pharmacies

I've used Northwestpharmacy.com very successfully three times. In my case, US cost for 90 days supply was $1,200 - even using using the GoodRx App. Northwestpharmacy cost was $195 incl shipping. They give you the option of brand name or generic. You just attach a photo of the script and check when o...
by Ready3Retire
Sat Mar 30, 2019 12:42 pm
Forum: Personal Investments
Topic: tIRA to Roth IRA Conversion Tax Question
Replies: 2
Views: 295

Re: tIRA to Roth IRA Conversion Tax Question

Thanks David Jay!
by Ready3Retire
Sat Mar 30, 2019 9:21 am
Forum: Personal Investments
Topic: tIRA to Roth IRA Conversion Tax Question
Replies: 2
Views: 295

tIRA to Roth IRA Conversion Tax Question

My 21 year old son had about $550 of pre tax money in a 457(b) from a previous summer job. Because he no longer works there, and the value of the account was less than $1,000, he was notified by the provider that they would close the account and mail him a check if he did not roll it over to a rollo...
by Ready3Retire
Sat Mar 23, 2019 7:01 am
Forum: Personal Consumer Issues
Topic: Lease a car or buy a car
Replies: 49
Views: 3308

Re: Lease a car or buy a car

You can usually find a lease special (not on a Mercedes, probably) for under $250 a month x 24 months. Over 10 years, that's $30,000. You can have a brand new car every two years for a total outlay of $30,000 and never pay for any upkeep. Or, you can spend $30,000 now on a brand new car and have a ...
by Ready3Retire
Fri Mar 22, 2019 5:19 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 11748
Views: 2017639

Re: U.S. stocks in free fall

Today was one of those rare days where BND (Vanguard Total Bond Market ETF) went up over 0.5%. I for one am glad I hold nearly 50% of my investments in bonds. We'll see what next week brings....
by Ready3Retire
Mon Mar 18, 2019 11:19 am
Forum: Personal Investments
Topic: Allocation - No Bonds yet, but they seem like a bad deal. - 38yo
Replies: 41
Views: 2736

Re: Allocation - No Bonds yet, but they seem like a bad deal. - 38yo

Fidelity US Bond Index Fund (FXNAX) is up 1.6% YTD. My state Fidelity Muni bond fund is up 1.7% YTD. What sort of returns are you looking for from a bond fund?
by Ready3Retire
Mon Feb 04, 2019 8:25 pm
Forum: Personal Consumer Issues
Topic: Tips/suggestions for skiing out west?
Replies: 46
Views: 2825

Re: Tips/suggestions for skiing out west?

Check out Park City Mountain Resort website for stay and ski packages. Great prices and you can’t beat the convenience of SLC - 45 minutes away from PCMR. I took my family of 4 there 2 different times. Also don’t bother skiing over to The Canyons side.
by Ready3Retire
Mon Jan 28, 2019 6:41 am
Forum: Personal Investments
Topic: Helping Kids with Home Purchase
Replies: 77
Views: 6141

Re: Helping Kids with Home Purchase

deleted
by Ready3Retire
Mon Jan 28, 2019 6:06 am
Forum: Personal Investments
Topic: Reduce Tax exposure when RMD's kick in
Replies: 22
Views: 2516

Re: Reduce Tax exposure when RMD's kick in

Also, your spouse who does not work can do a backdoor Roth IRA. Best if she does not currently have a traditional IRA. $7K for 2019. See link https://www.bogleheads.org/wiki/Backdoor_Roth
by Ready3Retire
Sun Jan 27, 2019 9:16 am
Forum: Personal Investments
Topic: Investment Allocation - Bucket Approach
Replies: 26
Views: 1833

Re: Investment Allocation - Bucket Approach

I would say your desired overall asset allocation should supersede the fallout allocation. Why not just adjust the bucket 3 asset allocation so it results in the overall 50/50 targeted allocation - i.e. split the $700K as $500K stock/$200K of bonds?
by Ready3Retire
Tue Jan 15, 2019 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: Change my mind - Lease > Buy New Car
Replies: 23
Views: 2104

Re: Change my mind - Lease > Buy New Car

I like driving a newish car because I want a reliable car and don’t want to pay big money to replace tires, brakes, etc. I do 3 year leases and get the 15k miles per year. My current lease is a 2017 Ford Fusion SE for $221 per month. I went to some technology demonstration promo at a nearby Ford dea...
by Ready3Retire
Mon Jan 07, 2019 5:34 pm
Forum: Personal Consumer Issues
Topic: How to save on prescription drug costs?
Replies: 60
Views: 4791

Re: How to save on prescription drug costs?

When I have a new prescription to fill for me or one of my dependents, I explore these 4 options to find a reasonable price: > My medical/prescription drug insurance – I call the number on back of my insurance card to get the co-pay of medication at various pharmacies. - If a reasonable price, I jus...
by Ready3Retire
Fri Jan 04, 2019 6:50 am
Forum: Personal Finance (Not Investing)
Topic: FAFSA - is it worth filling out?
Replies: 108
Views: 5805

Re: FAFSA - is it worth filling out?

I hope to find out in a few months. My youngest - junior in an in-state university is planning to do a study abroad program this summer. I encouraged him to apply for merit scholarships (has a 3.5 gpa) to defray the cost of the program. At both the freshman college parent orientations my wife and I ...
by Ready3Retire
Thu Jan 03, 2019 10:27 pm
Forum: Personal Consumer Issues
Topic: best cheap printer
Replies: 80
Views: 5657

Re: best cheap printer

After 3 or 4 printers and ink cartridge costs and challenges, I now put print jobs on a flash drive and print at the local library or FedEx store. Much less frustrating.
by Ready3Retire
Mon Dec 10, 2018 11:51 am
Forum: Personal Consumer Issues
Topic: safest downhill ski helmet
Replies: 31
Views: 1369

Re: safest downhill ski helmet

I replaced my Giro helmet with a Smith Camber MIPS Snow Helmet last year (approx. $170). I especially like the knob on the back to adjust the fit.
by Ready3Retire
Wed Nov 28, 2018 10:49 pm
Forum: Non-US Investing
Topic: UK pension considerations for US resident
Replies: 6
Views: 702

Re: UK pension considerations for US resident

I know a US citizen/resident who receives a UK pension of few hundred pounds a month after having worked there for 5-6 yrs. The pension accumulates in a UK bank. Every few years this person takes a nice trip to the UK funded by the pension. I don’t know the specifics but there may be a rule that say...
by Ready3Retire
Sun Nov 18, 2018 10:34 am
Forum: Investing - Theory, News & General
Topic: Financial Engines recommends spending Roth money first
Replies: 25
Views: 2760

Re: Financial Engines recommends spending Roth money first

Thanks for the comments. I think I'll follow the approach outlined by Kitces.
by Ready3Retire
Sat Nov 17, 2018 10:02 am
Forum: Investing - Theory, News & General
Topic: Financial Engines recommends spending Roth money first
Replies: 25
Views: 2760

Financial Engines recommends spending Roth money first

Financial Engines (now called Edelman Financial Engines) is the administrator for my Megacorp 401K. They offered employees a 3 month free adviser service which I signed up for. Their hope of course, is people stay after the 3 month promo period and pay the ~60-80 basis points. My plan is to cancel p...
by Ready3Retire
Thu Nov 08, 2018 4:24 pm
Forum: Personal Consumer Issues
Topic: Too many choices for my next TRUCK
Replies: 99
Views: 8016

Re: Too many choices for my next TRUCK

I'm surprised the 2018 F250 is less expensive than the F150. The F250 is quite a lot more truck than an F150. If you don't need the towing or payload of the F250, I'd go with the F150 2.7L EcoBoost. The F150 will provide better fuel economy and better ride & handling vs the F250. My 2019 F150 SuperC...
by Ready3Retire
Mon Sep 24, 2018 9:05 pm
Forum: Personal Consumer Issues
Topic: Best/worst flavors of Gatorade/Powerade
Replies: 25
Views: 2219

Re: Best/worst flavors of Gatorade/Powerade

Gatorade G2 purple...half the sugar of regular. Better yet Vitamin water Zero red...no sugar.
by Ready3Retire
Sun Sep 16, 2018 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Pension question - 65% J&S vs Single plus term insurance
Replies: 6
Views: 683

Pension question - 65% J&S vs Single plus term insurance

My MegaCorp pension offers several options ranging from single life benefit (spouse gets no pension after I die) to 100% (spouse continues to get same amount as when I was alive). I have been planning to take the 65% Joint & Survivor benefit in a year or so when I am 59 or 60. My spouse is 4 yrs you...
by Ready3Retire
Sun Jul 08, 2018 7:04 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Destination - are you happy with your choice?
Replies: 127
Views: 17262

Re: Retirement Destination - are you happy with your choice?

I would also like to retire to a mountain town. I've always dreamed of being a ski bum for an entire season. Not sure if I'd get tired of skiing after doing it day after day but I really want to find out. :) I've used this site to compare cost of living relative to my current location: https://www.b...
by Ready3Retire
Tue Jun 19, 2018 5:34 am
Forum: Investing - Theory, News & General
Topic: FIRECalc/Pension vs Lump Sum Question
Replies: 3
Views: 741

Re: FIRECalc/Pension vs Lump Sum Question

Thanks for the replies. I realized I made a minor error of putting in 2020 as the start date (since this is the date I plan to start retirement). However, by doing this, I believe the model projects 2 years of growth to the initial portfolio before starting the drawdown. Anyway, when I put in this y...
by Ready3Retire
Mon Jun 18, 2018 9:04 pm
Forum: Personal Consumer Issues
Topic: Italy Trip Questions
Replies: 33
Views: 2376

Re: Italy Trip Questions

We loved this agritourismo:

http://igreppidisilli.it/en/

We took the train from Rome to Orvieto and drove to the farm. After 4 nights we dropped the car off just outside of Florence. Also drove to the Med one day for a swim in the nice and warm sea.
by Ready3Retire
Sun Jun 17, 2018 1:44 pm
Forum: Personal Consumer Issues
Topic: Italy Trip Questions
Replies: 33
Views: 2376

Re: Italy Trip Questions

That is the same trip we did in 2015 with my wife and two teenage boys. Everyone loved the trip. We flew into and stayed 4 nights in Rome, 4 nights in Tuscany at an agritourism farm, and then 3 nights in Florence and flew out of there. We found that amount of time and sequence just right. We were re...
by Ready3Retire
Sun Jun 17, 2018 1:02 pm
Forum: Investing - Theory, News & General
Topic: FIRECalc/Pension vs Lump Sum Question
Replies: 3
Views: 741

FIRECalc/Pension vs Lump Sum Question

I’d appreciate any feedback on my conclusions from running FIRECalc in comparing a lump sum vs a pension. I’m strictly doing this analysis to compare a lump sum vs pension so have not included other sources of income like Social Security, 401K, Roths, after tax. Background I work for a MegaCorp and ...
by Ready3Retire
Fri Jun 01, 2018 9:38 pm
Forum: Investing - Theory, News & General
Topic: Really bad days (RBDs) and porfolio performance
Replies: 67
Views: 11441

Re: Really bad days (RBDs) and porfolio performance

When the total bond fund went up .71% this week, I really had to fight the urge to move all $450k from that fund into the s&p500 that was down that day significantly. Alas I did not do this and as a result the s&p500 went up 1.3% the next day while total bond went down .3%. :oops:
by Ready3Retire
Sat May 26, 2018 7:28 am
Forum: Personal Finance (Not Investing)
Topic: Minor car accident two years ago. How long till clear record?
Replies: 14
Views: 1650

Re: Minor car accident two years ago. How long till clear record?

I believe it is 3-5 yrs. likely varies by state and insurance provider. $100 a month per vehicle is not ridiculous depending on age and type of vehicle. Call your insurance company and ask them when each accident will clear and rates will drop. Nothing you can do other than shop around now to see if...
by Ready3Retire
Sat May 05, 2018 11:20 pm
Forum: Personal Consumer Issues
Topic: most compelling TV character ever
Replies: 260
Views: 27279

Re: most compelling TV character ever

Jim Rockford! I’m surprised no one else mentioned this great TV character.
by Ready3Retire
Sat Apr 21, 2018 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Settlement Offer -- Accept or Wait?
Replies: 66
Views: 7795

Re: Settlement Offer -- Accept or Wait?

I'm not sure what you mean by your question. The care I described was the only care I received. Beyond the items I listed, no care was necessary. I didn't see in your original post that you used your medical insurance for the hospital visit but they offered to reimburse you for the co pay. Good luck.
by Ready3Retire
Sat Apr 21, 2018 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Settlement Offer -- Accept or Wait?
Replies: 66
Views: 7795

Re: Settlement Offer -- Accept or Wait?

Wow, an offer in 1 week is fast! My suggestion is wait a few weeks to ensure no additional physical issues crop up. Did they pay for 100% of the medical care you received to date?
by Ready3Retire
Sat Apr 21, 2018 7:38 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage payment frequency - Monthly vs. Weekly
Replies: 15
Views: 2637

Re: Mortgage payment frequency - Monthly vs. Weekly

The easiest thing to do to pay down your mortgage faster is to just call your mortgage lender. Tell them you want to increase your monthly payment (which I assume is an auto/ACH payment each month), and apply the excess to your principal. They will either make the change while you are on the phone o...
by Ready3Retire
Sun Mar 25, 2018 7:19 am
Forum: Investing - Theory, News & General
Topic: financial advisory post-retirement?
Replies: 27
Views: 3852

Re: financial advisory post-retirement?

The .03% fee is much less than typical fees, although it can still feel high at times.
You may have made a typo. Vanguard charges 0.3% of AUM.
by Ready3Retire
Wed Mar 14, 2018 5:20 am
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 894
Views: 94625

Re: What frugal thing did you do today?

Our cabinet depth Viking fridge no longer defrost itself. So now I use a hairdryer to melt the ice forms/blocks the air duct from the freezer to the fridge every 6 months or so. I am not buying a new fridge (only 3 companies makes the size we have, Viking, subzero and something else I forgot becaus...
by Ready3Retire
Thu Mar 01, 2018 5:55 am
Forum: Personal Finance (Not Investing)
Topic: Selling Condo without putting on the market
Replies: 20
Views: 1433

Re: Selling Condo without putting on the market

Your trusted acquaintance is trying to act as a buyer's and seller's agent. Ask him how much he is proposing for the real estate fee that you pay. If it is just the going rate - e.g. 6% then you have to decide if the convenience, and the flexibility on move out date is worth perhaps not getting the ...
by Ready3Retire
Mon Feb 19, 2018 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: What has been your most important skill in achieving financial independence?
Replies: 164
Views: 13562

Re: What has been your most important skill in achieving financial independence?

Every year you get a raise, increase your savings rate by 1/3 to 1/2 the amount. This is a great way to avoid lifestyle creep and to get to max 401k & Roth contributions quicker.
by Ready3Retire
Mon Feb 19, 2018 10:27 pm
Forum: Personal Consumer Issues
Topic: $12,000 Refrigerator? [Looking in $7k price range]
Replies: 71
Views: 10228

Re: $12,000 Refrigerator? [Looking in $7k price range]

:oops: The big cost driver is whether the fridge is built in or not. We remodeled our kitchen in 2001 including a built in Kitchen Aid fridge (has cabinets all around). Our 17 year old fridge is now on the Fritz. Replacement Kitchen Aid that fits in the same space is $7k...about the cost of one year...