Search found 1049 matches

by Admiral
Tue Feb 20, 2018 2:17 pm
Forum: Investing - Help with Personal Investments
Topic: Current Vanguard password practices?
Replies: 19
Views: 1241

Re: Current Vanguard password practices?

You should also set up your account to email you or text you when there is any money movement. This is an added layer of protection, and since most orders don't execute immediately, you'd have time to call and stop any illicit activity.

Not foolproof, but what is?
by Admiral
Tue Feb 20, 2018 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance question
Replies: 7
Views: 356

Re: Life insurance question

The general view here is to purchase term insurance to provide for your dependents in case of your demise. Over the years, in most cases your dependents become independent and your portfolio continues to grow. Once your portfolio is able to provide for all needs in retirement, you have no need of l...
by Admiral
Mon Feb 19, 2018 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Tapping 401(k) Assets Prior to Age 59 1/2
Replies: 12
Views: 954

Re: Tapping 401(k) Assets Prior to Age 59 1/2

I am considering retiring January 2019 when I turn 57. I have about 2/3s of my invested assets in brokerage accounts (after tax) and 1/3 in retirement accounts (pre tax), do not want to face large RMDs and therefore want to winnow away at my pre tax account balances before age 70 1/2. I understand ...
by Admiral
Mon Feb 19, 2018 7:31 am
Forum: Investing - Help with Personal Investments
Topic: Over 55 does contributing to a Roth 401K make sense based on new Tax Brackets
Replies: 25
Views: 1816

Re: Over 55 does contributing to a Roth 401K make sense based on new Tax Brackets

Previously our incomes prevented us from contributing to a Roth IRA so it sound like until we retire it is a good idea for us to max out our 401k and contribute to a Roth IRA. I did not think of that – Thanks! Your incomes might have prevented a direct contribution due to the phaseout, but there is...
by Admiral
Sun Feb 18, 2018 9:43 am
Forum: Investing - Help with Personal Investments
Topic: Sell me on the benefits of an emergency fund
Replies: 119
Views: 6651

Re: Sell me on the benefits of an emergency fund

Emergency funds are a great idea for people living on the edge. More than a third or a half of Americans would have to go into debt to cover a $500 or $1,000 unexpected expense, depending on which survey you look at. For people with sufficient financial assets it is just necessary to be able to acc...
by Admiral
Sun Feb 18, 2018 9:36 am
Forum: Investing - Help with Personal Investments
Topic: Sell me on the benefits of an emergency fund
Replies: 119
Views: 6651

Re: Sell me on the benefits of an emergency fund

OP, you don't need an EF. I feel an EF is good for those starting out, or when all one's investments are in tax advantaged and not easy to get at. If one has enough in taxable or enough assets in some form, I don't think they need a designated EF. It would be a comfort thing at that point to have o...
by Admiral
Fri Feb 16, 2018 2:04 pm
Forum: Investing - Help with Personal Investments
Topic: Substantially Equal Periodic Payments (Funding Early Retirement)
Replies: 17
Views: 1367

Re: Substantially Equal Periodic Payments (Funding Early Retirement)

Hey all, I'm beginning to think that early retirement within the next 10 years may actually be a very real possibility. Semi-retirement is an even more real possibility in the even nearer future. That's got me thinking that to this point I've put ALL of our investable dollars towards tax-advantaged...
by Admiral
Fri Feb 16, 2018 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Number at which to stop worrying
Replies: 170
Views: 16647

Re: Number at which to stop worrying

I don't know, maybe I'd slow down at $20 million. Probably not though. To me financial freedom means you can do whatever you want whenever you want without worrying about money. My aspirations of retirement aren't being able to buy a used truck, stay at the Holiday Inn, and take a Royal Caribbean c...
by Admiral
Thu Feb 15, 2018 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Number at which to stop worrying
Replies: 170
Views: 16647

Re: Number at which to stop worrying

Much of what one "needs" depends on what one wants to do at FI, once there is a basic floor/daily expenses are covered. Do you want to travel the world, and only in first class? Do you want to sit by a pool and do crosswords? Do you want to volunteer? Do you want to hike? Do you want to eat out 5 n...
by Admiral
Thu Feb 15, 2018 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Number at which to stop worrying
Replies: 170
Views: 16647

Re: Number at which to stop worrying

Much of what one "needs" depends on what one wants to do at FI, once there is a basic floor/daily expenses are covered. Do you want to travel the world, and only in first class? Do you want to sit by a pool and do crosswords? Do you want to volunteer? Do you want to hike? Do you want to eat out 5 ni...
by Admiral
Wed Feb 14, 2018 8:47 pm
Forum: Investing - Help with Personal Investments
Topic: Gut check: is this lifestyle creep?
Replies: 37
Views: 5427

Re: Gut check: is this lifestyle creep?

Personally I think if you're saving 30% of your income and maxing retirement accounts, you should do what you want with the increase. What's money for it not to enjoy life? Anyway it sounds like your going to save it anyway (car fund). You can always decide not to buy a new car and, voila, you've sa...
by Admiral
Wed Feb 14, 2018 1:15 pm
Forum: Investing - Theory, News & General
Topic: SWR simulator supporting variations in returns?
Replies: 2
Views: 233

Re: SWR simulator supporting variations in returns?

Flexible Retirement Planner will do what you want. You can assign specific rates of return for specific periods of time.

http://www.flexibleretirementplanner.com/wp/
by Admiral
Wed Feb 14, 2018 10:50 am
Forum: Personal Consumer Issues
Topic: rule of thumb of when to sell your car
Replies: 50
Views: 3362

Re: rule of thumb of when to sell your car

I think you'll know when it's time. Multiple breakdowns or costly repairs close together. Cars are generally very reliable now. My car is 18 years old (with 90k miles; we don't drive alot) and we've averaged maybe $500/year over the last 10 years in maintenance, but much of that is preventive. It's ...
by Admiral
Tue Feb 13, 2018 2:21 pm
Forum: Investing - Help with Personal Investments
Topic: rmd disaster
Replies: 23
Views: 2525

Re: rmd disaster

THANKS AGAIN It looks like they purchased a tsa with my 401k money following plan rules. I will ask if this is reversible the plan rules look very murky when talking about filling out vanguard forms when getting to age 70 1/2 A third party can purchase an annuity with your funds and you as the bene...
by Admiral
Tue Feb 13, 2018 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: Help me NOT pay for a financial planner!
Replies: 15
Views: 1748

Re: Help me NOT pay for a financial planner!

My spouse has set up a meeting (no cost for the initial meeting) with a financial (really retirement) planner. I don’t think we need it (I have Bogleheads!) Here are the particulars of our situation that we plan to discuss: Ages Me: 47 later this year Spouse: 49 Children: Ages 14 and 11 Desired age...
by Admiral
Tue Feb 13, 2018 11:00 am
Forum: Investing - Theory, News & General
Topic: SWR — Can You Include Real Estate as Part of Your Portfolio
Replies: 24
Views: 1374

Re: SWR — Can You Include Real Estate as Part of Your Portfolio

what about refinancing and taking the equity out? I don't see why you wouldn't count that. Although you'd have a mortgage payment so your monthly income needs would go up. I never understood why people want to have a paid off house when they die, unless they plan to give it to their kids. Why not l...
by Admiral
Mon Feb 12, 2018 3:12 pm
Forum: Investing - Help with Personal Investments
Topic: Help me NOT pay for a financial planner!
Replies: 15
Views: 1748

Re: Help me NOT pay for a financial planner!

You mentioned your desired spending is $120K after tax, but you list your income before tax. Make sure you are taking into account taxes. You probably want to do some Roth conversions between retirement and RMDs if possible, I was surprised by how much of that iORP recommended. How about health ins...
by Admiral
Mon Feb 12, 2018 11:14 am
Forum: Investing - Help with Personal Investments
Topic: Help me NOT pay for a financial planner!
Replies: 15
Views: 1748

Help me NOT pay for a financial planner!

My spouse has set up a meeting (no cost for the initial meeting) with a financial (really retirement) planner. I don’t think we need it (I have Bogleheads!) Here are the particulars of our situation that we plan to discuss: Ages Me: 47 later this year Spouse: 49 Children: Ages 14 and 11 Desired age ...
by Admiral
Sat Feb 10, 2018 8:00 am
Forum: Investing - Help with Personal Investments
Topic: What Would you do? (Inheritance)
Replies: 22
Views: 2798

Re: What Would you do? (Inheritance)

I do not agree that liquidating everything all at once is a good choice. Because: taxes. And I say this as someone who moved investments to Vanguard from another broker. Not 350k, but six figures. In many cases, Vanguard will allow you to transfer holdings in without selling them. Call them and ask....
by Admiral
Fri Feb 09, 2018 12:41 pm
Forum: Investing - Theory, News & General
Topic: Feeling good about the market's direction. Wish it would drop more...
Replies: 14
Views: 2256

Re: Feeling good about the market's direction. Wish it would drop more...

If you are hoping for a drop, then you either are a very early accumulator with little invested, or you have the wrong AA. JT I don't disagree with most of your post but I do disagree with this. I am neither a very early accumulator nor one with very little invested. However, in general terms one s...
by Admiral
Thu Feb 08, 2018 4:18 pm
Forum: Investing - Theory, News & General
Topic: Why should we care about inflation?
Replies: 58
Views: 5005

Re: Why should we care about inflation?

Yes, I am. But, again, you're using the worst case, historically speaking (and BTW bank accounts paid 15%. But I digress). I'm referring to inflation normalization , not to huge spikes. Prices and rates rise over time. That's what history shows. This last 10 year period has been abnormal. That is s...
by Admiral
Wed Feb 07, 2018 1:10 pm
Forum: Investing - Theory, News & General
Topic: Why should we care about inflation?
Replies: 58
Views: 5005

Re: Why should we care about inflation?

If you are old enough to remember around 1980 or so, then you know exactly why inflation is bad, VERY bad. While it may not affect you as much if you don't have a mortgage or don't carry any loans, the effect it will have on you will be due to general cost of living increases in many other areas. I...
by Admiral
Wed Feb 07, 2018 12:58 pm
Forum: Investing - Theory, News & General
Topic: Why should we care about inflation?
Replies: 58
Views: 5005

Re: Why should we care about inflation?

Even if everything happens as you say it does, it does not happen in sync. For instance, inflation may increase and your wages may increase but not as quickly or not as much or both. You also seem to completely discount the possibility of 1970s-style inflation but it could happen, or worse. Look at...
by Admiral
Wed Feb 07, 2018 12:43 pm
Forum: Investing - Theory, News & General
Topic: Why should we care about inflation?
Replies: 58
Views: 5005

Why should we care about inflation?

I see all the news/economic analysis (if you can call it that, more like catastrophizing) claiming that markets are jittery because we're A) approaching full employment; b)wages are rising; c) the Fed will raise rates more quickly; and, d) borrowing becomes more expensive. Some general reactions. 1....
by Admiral
Wed Feb 07, 2018 10:39 am
Forum: Investing - Help with Personal Investments
Topic: Retired or close to it -- what do you hold in bond portion?
Replies: 41
Views: 3977

Re: Retired or close to it -- what do you hold in bond portion?

We are 60's, full retirement not til 70, 401 nicely on track so far. We are essentially 50/50, at this moment 50/45/5(cash). For some reason, I have a much easier time on the stock side of our portfolio with indexing. I am mixed about the concept on the bond side, which shows in our allocations BND...
by Admiral
Tue Feb 06, 2018 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Leaving HCOL state for financial reasons
Replies: 48
Views: 4839

Re: Leaving HCOL state for financial reasons

I will add that one of the things I MOST value is being close to family (on both sides) so we a) don't have to travel for the holidays; and B) don't have to use our vacations to go see family. Of course, not everyone gets along with their family. But it does put a real crimp in your travel options i...
by Admiral
Tue Feb 06, 2018 4:02 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 309
Views: 30371

Re: Anyone tired of the stock market going up?

I hope everyone market timed it perfectly and bought at the bottom (at, oh, around 10am) and then sold at the top (3:59 pm) today! :oops:
by Admiral
Tue Feb 06, 2018 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Leaving HCOL state for financial reasons
Replies: 48
Views: 4839

Re: Leaving HCOL state for financial reasons

I'm interested in hearing from people who have made big moves for cost of living purposes. Was it worth it? Do you have regrets? I work in biglaw (3rd year associate, not contemplating leaving biglaw currently but who knows long term) and DW is in education. We live in a (very) HCOL coastal city wh...
by Admiral
Tue Feb 06, 2018 9:08 am
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 309
Views: 30371

Re: Anyone tired of the stock market going up?

nick2302 wrote:
Tue Feb 06, 2018 9:04 am
Admiral, Don't mean to argue but my accounts were not 50K higher 5 weeks ago? They are much more down than that.
I have no idea what's in your accounts.

On Dec 30 the S&P was at 2673. It's now 2648, a difference of 27 points.
by Admiral
Tue Feb 06, 2018 9:02 am
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 309
Views: 30371

Re: Anyone tired of the stock market going up?

Well now we are see maybe as much as a 20% correction. Today is going to be another massive drop. Hope everyone is pleased as punch that we are losing money from our retirement accounts like a hemorrhage. I have seen a50K drop in my investments and retirement account. Now I am not Happy and tired o...
by Admiral
Mon Feb 05, 2018 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Home Office Tax Deduction
Replies: 14
Views: 816

Re: Home Office Tax Deduction

You may also deduct the percentage of utilities you use to operate the home office. You may want to check to see if taking the deduction has an impact upon your home's cost basis. Check me if I'm wrong, but those are moot of I do the simplified standard home office deduction route, no? Let's say I ...
by Admiral
Mon Feb 05, 2018 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: 529 for private elementary school?
Replies: 26
Views: 1645

Re: 529 for private elementary school?

From pure economic standpoint does not make much sense to me to withdraw 529 monies earlier than college. Real value of 529 is tax free increase in value over time through dividends, interest, capital gains and absolute increase in value of underlying portfolio assets. The earlier you use the 529 m...
by Admiral
Mon Feb 05, 2018 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Home Office Tax Deduction
Replies: 14
Views: 816

Re: Home Office Tax Deduction

My position at my job is being converted in a couple months to permanent work from home. I'm going to have to hire a contractor to partially finish my basement to put a dedicated home office down there, as there's really no other room in the house that'll work. 1) I see the IRS has a simplified hom...
by Admiral
Mon Feb 05, 2018 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Home Office Tax Deduction
Replies: 14
Views: 816

Re: Home Office Tax Deduction

One you have the dedicated space, you deduct by square footage. (Note that if your company reimburses you you cannot deduct, but you knew that). I believe the max deductible amt is 20% of total square footage. You may also deduct the percentage of utilities you use to operate the home office.
by Admiral
Sun Feb 04, 2018 11:35 am
Forum: Personal Finance (Not Investing)
Topic: 529 for private elementary school?
Replies: 26
Views: 1645

Re: 529 for private elementary school?

All it will take is for one state’s 529 plan to allow K-12 tuition, and anybody interested in a state refusing to allow them will head for the exits. Is there a precedent for this comment based on some other tax benefit? If I were in this situation, I would say, "man I wish I lived in that state." ...
by Admiral
Sun Feb 04, 2018 11:33 am
Forum: Personal Consumer Issues
Topic: What would you do with this car?
Replies: 27
Views: 1361

Re: What would you do with this car?

I would not pay $2800/month for ANY car unless I earned well over $1m per year AND had 4-5m in the bank. It's just insane what that amount of money could be worth in 10 years (not to mention 30) if if invested. Therefore I would not throw it away on a depreciating asset unless I essentially had enou...
by Admiral
Sun Feb 04, 2018 11:26 am
Forum: Personal Finance (Not Investing)
Topic: 529 for private elementary school?
Replies: 26
Views: 1645

Re: 529 for private elementary school?

Since the majority of any tax/penalty that would be due is at the Fed level (which is now moot) my accountant advised that the downside risk is your state tax rate. In other words, if you take 10k out, you risk whatever your state tax rate on the gain is IF (and that's an IF) they disallow it. My st...
by Admiral
Sun Feb 04, 2018 11:10 am
Forum: Personal Finance (Not Investing)
Topic: 529 for private elementary school?
Replies: 26
Views: 1645

Re: 529 for private elementary school?

While federal tax rules allow for 529 funds to pay for primary education, the 529 you set up prior to 2018 would not allow that. State 529 plans need to change their rules before 529 funds can be used for primary and secondary education expenses. That means the state legislature must take some acti...
by Admiral
Sun Feb 04, 2018 9:00 am
Forum: Personal Finance (Not Investing)
Topic: How to think about your house from a financial perspective
Replies: 89
Views: 6666

Re: How to think about your house from a financial perspective

Whether you call it an investment or not is immaterial. It's a place you live that you own that becomes more affordable relative to other housing options that you do not own. If you own a $500k house free and clear you still have maintenance, taxes, insurance. Depending where you live a $500k house...
by Admiral
Sun Feb 04, 2018 8:48 am
Forum: Personal Consumer Issues
Topic: What would you do with this car?
Replies: 27
Views: 1361

Re: What would you do with this car?

Hi there, I'm looking for some advice. About 18-20 months ago I made a bad decision and bought an expensive vehicle (my dream car). I ended up not loving the vehicle. Info: Out the door price: $160,000 Amount owed on loan: $115,000 Estimated value: $89,000 - $92,000 Monthly payment: $2800 I'm guess...
by Admiral
Sun Feb 04, 2018 8:30 am
Forum: Personal Finance (Not Investing)
Topic: How to think about your house from a financial perspective
Replies: 89
Views: 6666

Re: How to think about your house from a financial perspective

One of the things nobody has mentioned is that owning a home (with or without a mortgage) is a form of price and inflation control over what, for most people, is their largest single monthly expense. A fixed-rate loan--and particularly one at a low rate--becomes cheaper relative to rents year over y...
by Admiral
Sat Feb 03, 2018 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Car Lease -- High Residual Value -- what am I missing?
Replies: 49
Views: 4402

Re: Car Lease -- High Residual Value -- what am I missing?

I find your entire situation very, very unBogleheadish. First, you want a car, which you will barely drive. Second, you've never owned a luxury car but now want to LEASE a VERY EXPENSIVE one (which, in general, is not a wise financial move). Third, you say you live in an urban area but apparently wi...
by Admiral
Thu Feb 01, 2018 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Understanding allowances on W4
Replies: 12
Views: 907

Re: Understanding allowances on W4

Yes, and I am using that for a specific dollar amount, but since I want to increase it, I was just wondering if there was any advantage to using the exemptions, which is why my first step was trying to understand how they work/are applied. If you get the allowances right, and you live a simple life...
by Admiral
Thu Feb 01, 2018 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: Understanding allowances on W4
Replies: 12
Views: 907

Re: Understanding allowances on W4

Are they allowed to withhold a flat amount as opposed to a percentage? What about bonuses? Can you tell them withhold flat amount per paycheck plus marginal rate of bonus for example? In Line 6 you can withhold any amount you want...I think up to the total pay. People who have significant outside i...
by Admiral
Thu Feb 01, 2018 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: free app for creating will and trust
Replies: 5
Views: 509

Re: free app for creating will and trust

the problem is that evertime there is a life change, you need to change the will as well. I dont know why would anyone pay few thousand dollars every few years unless they are top 1% of net worth. Get a good estate attorney. What you've posted above is not true, or only a partial truth. Big changes...
by Admiral
Thu Feb 01, 2018 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Understanding allowances on W4
Replies: 12
Views: 907

Re: Understanding allowances on W4

https://www.irs.gov/pub/irs-pdf/fw4.pdf There is a more direct way to withhold more..........line 6 of the W4 asks for an additional amt /pay period to be withheld. Then you don't have worry about what an additional exemption will do. Yes, and I am using that for a specific dollar amount, but since...
by Admiral
Thu Feb 01, 2018 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Understanding allowances on W4
Replies: 12
Views: 907

Understanding allowances on W4

I understand that the fewer allowances one claims (on the 0-5 scale), the higher the tax withheld from one's pay. More allowances=higher net. Correct? However, is there some mathematical calculation that can be made to determine what the additional amounts withheld are? Does each number correspond t...
by Admiral
Tue Jan 30, 2018 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on royalties
Replies: 2
Views: 228

Re: Thoughts on royalties

If one receives a per-unit payment on, say, a book, from the copyright holder, but one is not the owner of said copyright and has no ownership interest other than this agreement to pay, is this considered a royalty...at least in the legal sense by the IRS? What is the basis of the agreement to pay?...
by Admiral
Tue Jan 30, 2018 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on royalties
Replies: 2
Views: 228

Thoughts on royalties

If one receives a per-unit payment on, say, a book, from the copyright holder, but one is not the owner of said copyright and has no ownership interest other than this agreement to pay, is this considered a royalty...at least in the legal sense by the IRS?
by Admiral
Tue Jan 30, 2018 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 309
Views: 30371

Re: Anyone tired of the stock market going up?

TimeLord, are you finally, finally popping the champagne corks???

:mrgreen: