Search found 1202 matches

by scubadiver
Sun Jul 05, 2020 10:00 pm
Forum: Personal Investments
Topic: Early Retirement Check Up - Looking for Direction
Replies: 36
Views: 2905

Re: Early Retirement Check Up - Looking for Direction

Cash/CDs: $61,000 Debt: Mortgage ($361k owed @3.75%, 30 year, worth $515k, paying $600/month extra toward principal) Tax Filing Status: Married Filing Jointly Tax Rate: I don't know. Salary is about $145k/year. Tax rate is much lower than expected because of deductions and maxing out retirement acc...
by scubadiver
Sun Jul 05, 2020 9:45 pm
Forum: Personal Consumer Issues
Topic: Neighborhood Noise
Replies: 88
Views: 4648

Re: Neighborhood Noise

Greetings, I am sensitive to noise and do not like it. I have issues with two categories of noise: 1. Noise (like people playing music and talking outside) at night when I am trying to go to sleep 2. Noise that can be dangerously loud, such as nearby illegal fireworks. I am really rattled after las...
by scubadiver
Sun Jul 05, 2020 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: 529 fairness?
Replies: 44
Views: 3586

Re: 529 fairness?

My strategy is to constantly tell the kids that life isn't fair, and that if they don't work hard and get scholarships to college, they will end up homeless and live under a bridge. +1 . I constantly tell my kids that we are dirt poor and are hoping they can work double hard and take us all out of ...
by scubadiver
Sun Jul 05, 2020 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: Landlords: How are you doing this year?
Replies: 72
Views: 6862

Re: Landlords: How are you doing this year?

Question for landlord: when did you realize you should stop buying rental properties? Not really a well-posed question as it presumes the rental property that we own now was purchased with the intent of it being a rental property. :wink: I suppose the most appropriate response would be "never".
by scubadiver
Sun Jul 05, 2020 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: College in fall
Replies: 456
Views: 40401

Re: College in fall

This. The unfortunate reality is, in this current environment, the chances of a young adult doing anything productive with a gap year are very slim. In most situations , at this time, that's the last thing I would recommend a young college student to do right now. How about a gap year doing public ...
by scubadiver
Sun Jul 05, 2020 2:44 pm
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 4000
Views: 304722

Re: Coronavirus and the market

Alternatively, 50K new cases a day when you're doing 650K tests isn't the same as 40K new cases in a day when you're doing 120K tests. Rational people know this and are pricing the market accordingly. And if the information changes over the next few weeks, the markets will adjust. This is a good ex...
by scubadiver
Sun Jul 05, 2020 10:30 am
Forum: Investing - Theory, News & General
Topic: Which is the best "Die Broke" book?
Replies: 18
Views: 2181

Re: Which is the best "Die Broke" book?

My father comes from a large family and the siblings have all stayed fairly close over the years. One of my aunts recently discovered she needed some repairs to her roof. Yesterday two of my uncles came over with a ladder and made the needed repairs. The younger one is 72. And of course, participat...
by scubadiver
Sat Jul 04, 2020 4:15 pm
Forum: Investing - Theory, News & General
Topic: Which is the best "Die Broke" book?
Replies: 18
Views: 2181

Re: Which is the best "Die Broke" book?

What exactly are the serious health problems? He's 71. :confused Did you forget to finish your post, with the actual "health problems"? RM Got a chuckle out of this exchange. My father comes from a large family and the siblings have all stayed fairly close over the years. One of my aunts recently d...
by scubadiver
Fri Jul 03, 2020 4:57 pm
Forum: Investing - Theory, News & General
Topic: Will ex-US ever revert to good performance? Or is it just a high-risk, low-reward investment?
Replies: 326
Views: 16142

Re: Will ex-US ever revert to good performance? Or is it just a high-risk, low-reward investment?

For the US to continue to significantly outperform long-term, its market cap (already near its all-time high) would have to continue moving up. How close do you expect it will get to 100%? Will we blow past the post-WWII peak of American dominance? You decide. I buy the world. But isn't weighting y...
by scubadiver
Fri Jul 03, 2020 3:24 pm
Forum: Investing - Theory, News & General
Topic: Will ex-US ever revert to good performance? Or is it just a high-risk, low-reward investment?
Replies: 326
Views: 16142

Re: Will ex-US ever revert to good performance? Or is it just a high-risk, low-reward investment?

This discussion board is made up of retail investors. Literature generally suggests many retail investors are likely prone to potentially detrimental performance chasing. Aside from suggesting that investment risk may not result in realized returns, and generally supporting performance chasing, how...
by scubadiver
Fri Jul 03, 2020 1:42 pm
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 4000
Views: 304722

Re: Coronavirus and the market

So the US is slowly approaching 100k new cases per day and the markets don't care. Do we need to hit the actual numbers so that people realize "Oh damn it got worse I need to sell all my stocks"? I'm still doubting if markets are truely efficient. I think those in the know are aware the Fed will ke...
by scubadiver
Fri Jul 03, 2020 11:50 am
Forum: Investing - Theory, News & General
Topic: Will ex-US ever revert to good performance? Or is it just a high-risk, low-reward investment?
Replies: 326
Views: 16142

Re: Will ex-US ever revert to good performance? Or is it just a high-risk, low-reward investment?

I think it would be outstanding if the economies and markets of Central and South America substantially outperformed the US over the next 30 years. This would be indicative of presumably a number of other positive developments including better infrastructure, lower crime, better job opportunities an...
by scubadiver
Fri Jul 03, 2020 1:52 am
Forum: Personal Finance (Not Investing)
Topic: COVID 19 changing the public vs. private school value equation?
Replies: 29
Views: 2747

Re: COVID 19 changing the public vs. private school value equation?

...I haven't looked at private schools recently, but my recollection is that the application window for most will have closed by now. And you're probably not the first person to consider looking at a private school for the fall, so I wouldn't expect there to be a lot of open seats at this point. I ...
by scubadiver
Thu Jul 02, 2020 8:31 pm
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 4000
Views: 304722

Re: Coronavirus and the market

I'm not a believer in "new bull market". While it's a pretty high dead cat bounce, it's unclear to me that we're on a true economic rebound. I think we haven't seen the worst yet...no idea when that will be either. It's never clear. It's not a "dead-cat bounce". It's that no one knows for sure what...
by scubadiver
Thu Jul 02, 2020 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: COVID 19 changing the public vs. private school value equation?
Replies: 29
Views: 2747

Re: COVID 19 changing the public vs. private school value equation?

I think the tradeoff between a public or private school for the 2020-21 academic year is moot given we are 6-10 weeks from the start of fall classes. I haven't looked at private schools recently, but my recollection is that the application window for most will have closed by now. And you're probably...
by scubadiver
Thu Jul 02, 2020 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: 529 fairness?
Replies: 44
Views: 3586

Re: 529 fairness?

You are overthinking this. I have been advised by others on this forum that it is prudent to fund a 529 for each child. The rationale being that this implicitly communicates your intent to fund college for each child. This becomes important in the event of your early passing. Alternatively, you coul...
by scubadiver
Thu Jul 02, 2020 5:22 pm
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 4000
Views: 304722

Re: Coronavirus and the market

So the US is slowly approaching 100k new cases per day and the markets don't care. Do we need to hit the actual numbers so that people realize "Oh damn it got worse I need to sell all my stocks"? I'm still doubting if markets are truely efficient. Prior to the pandemic, the US economy was as good a...
by scubadiver
Thu Jul 02, 2020 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Landlords: How are you doing this year?
Replies: 72
Views: 6862

Re: Landlords: How are you doing this year?

One rental, renters are 2+ months behind on rent now. Haven’t paid this month, so it may be three months unpaid. Evictions halted until end of September, so not really sure what to do other than hope they make good on their word that they’re going to catch up once unemployment comes through. Rough ...
by scubadiver
Wed Jul 01, 2020 7:55 pm
Forum: Investing - Theory, News & General
Topic: Asset Allocation within Tax-Advantaged Accounts
Replies: 2
Views: 333

Asset Allocation within Tax-Advantaged Accounts

Our portfolio asset allocation is currently set at 65 / 10 / 25 (US Stock / International Stock / Bonds). If you consider our entire portfolio, we are pretty close to achieving that allocation as I recently rebalanced. However, that allocation is not uniform across all accounts. In particular, I am ...
by scubadiver
Wed Jul 01, 2020 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Landlords: How are you doing this year?
Replies: 72
Views: 6862

Re: Landlords: How are you doing this year?

We have one property and the tenants are current with rent. One data point. Take it for what it's worth.

Scubadiver
by scubadiver
Mon Jun 29, 2020 9:39 pm
Forum: Investing - Theory, News & General
Topic: Who would buy a Target Fund whose date had passed?
Replies: 17
Views: 1800

Re: Who would buy a Target Fund whose date had passed?

I have Vanguard Target Date Fund 2045 (VTIVX) in my tax-advantaged accounts. Or more specifically, I have a shares of a VTIVX collective investment trust (CIT) in my tax-advantaged accounts. After retirement, I will need to sell shares of VTIVX. On the other side of that sale, there would need to b...
by scubadiver
Mon Jun 29, 2020 8:20 pm
Forum: Personal Investments
Topic: saving for private school
Replies: 10
Views: 1134

Re: saving for private school

The majority of our savings is in tax-advantaged accounts. It's only recently that we started to build up a modest taxable portfolio. With that in mind, I don't personally have any great insights to offer regarding tax efficient investing other than to suggest the following, which is where I would s...
by scubadiver
Mon Jun 29, 2020 5:18 pm
Forum: Personal Investments
Topic: saving for private school
Replies: 10
Views: 1134

Re: saving for private school

Thanks all of the replies. The problem with 529’s is that I can only draw 10k per year for primary school. I was thinking of using muni bond funds to save for the rest but I’m not sure if I’m just better off investing my money elsewhere (for retirement) and paying for school out of cash on hand. Yo...
by scubadiver
Mon Jun 29, 2020 12:30 pm
Forum: Personal Investments
Topic: Real estate investment - western states
Replies: 3
Views: 381

Re: Real estate investment - western states

I am considering investing in real estate in one of the western states. Ideally, this would be an "up and coming" vacation and/or 4-seasons location where I capture rental income but also bring the family there once or twice annually, and have access to outdoor activities (hiking, skiing, lake, and...
by scubadiver
Fri Jun 26, 2020 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: 529 Plan Strategy
Replies: 31
Views: 2104

Re: 529 Plan Strategy

OP has not given us a full rundown of income and assets. 24% marginal rate could be as much as $320k a year if married filing jointly. Most boggleheads should be able to max out other tax advantaged space at that income level. Obviously, if the OP is not doing so, 529 should probably not be first i...
by scubadiver
Fri Jun 26, 2020 9:34 pm
Forum: Personal Investments
Topic: International stock exposure...is up to 40% necessary?
Replies: 71
Views: 4781

Re: International stock exposure...is up to 40% necessary?

First off, thanks for all the great feedback here! I’ve been working on optimizing my 401k portfolio, thanks to some great feedback and comments on here. Primarily I’m getting out of my current target date fund and moving to lower cost index funds. Right now I’m thinking of the following allocation...
by scubadiver
Thu Jun 25, 2020 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Too Much Retirement/Not Enough for House?
Replies: 125
Views: 12319

Re: Too Much Retirement/Not Enough for House?

OP, Welcome to the forum and congrats and your accumulated savings. All things considered, your family is on a very solid financial footing. My wife is a stay-at-home mom and has been for more than a decade now, though she will probably return to work within the next couple of years. We have lived i...
by scubadiver
Thu Jun 25, 2020 11:23 am
Forum: Personal Investments
Topic: Your advice on this money move, please.
Replies: 8
Views: 1195

Re: Your advice on this money move, please.

I have a CD in Taxable maturing on 6/30 and am proposing to do the following: Not renew the CD and buy Total Stock Market or S&P 500 index in taxable at Schwab; and Do an inter-fund transfer from the C fund (S&P 500) to the G fund (govt bonds) in the TSP in the same amount. I am thinking that it wi...
by scubadiver
Mon Jun 22, 2020 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Do [we] need life insurance?
Replies: 28
Views: 2224

Re: Do [we] need life insurance?

JC CPA wrote:
Sun Jun 21, 2020 2:16 pm
I can get a $1m 20yr policy for ~$900/yr with AICPA.more than my annual term policy but still very cheap - wife is $650.
With these policies you might be slightly over insured, but at your income the cost is in the noise. You should get this.
by scubadiver
Sun Jun 21, 2020 10:18 pm
Forum: Personal Investments
Topic: Portfolio Review June 2020 for age 36 Newbie to Bogleheads
Replies: 15
Views: 1585

Re: Portfolio Review June 2020 for age 36 Newbie to Bogleheads

4.you are correct. I dont have to liquidate my Roth IRA.I guess i i will pay slowly over time. do you think i should pay if i have 30k left after accounting for emergency fund of 30k? eg i save 30k additional in next few months. Here are my recommended priorities: (1) Maintain 3-6 month emergency f...
by scubadiver
Sun Jun 21, 2020 11:13 am
Forum: Personal Investments
Topic: Portfolio Review June 2020 for age 36 Newbie to Bogleheads
Replies: 15
Views: 1585

Re: Portfolio Review June 2020 for age 36 Newbie to Bogleheads

Questions : 1.Looks like my current 401k is in high expense ratio funds. I would like to imitate total us stock market in my 401k. Should i switch to 75% s&p 500 index + 15% midcap + 10% small cap 600 index? I am not sure which bond fund and international should i use in my 401k. would it be better...
by scubadiver
Sat Jun 20, 2020 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Any reason not to get mortgage forbearance?
Replies: 3
Views: 491

Re: Any reason not to get mortgage forbearance?

We are in the process of a refi and as part of this we are eligible for 2 months of mortgage forbearance. I don't have any big purchases lined up and so don't care about the credit score. Other than that, is there any other reason not to take it? It seems like we could use that extra cash flow to b...
by scubadiver
Fri Jun 19, 2020 6:53 pm
Forum: Personal Investments
Topic: Should I do a Roth conversion?
Replies: 6
Views: 675

Re: Should I do a Roth conversion?

However, I'm not sure the state tax will work the way you are thinking. Have you checked already? State tax may revolve around how many days you lived in each state, not which state you were in when you did the conversion. ^^This. I believe you will have to pay New York taxes on a portion of your 2...
by scubadiver
Fri Jun 19, 2020 6:20 pm
Forum: Personal Investments
Topic: How often to contribute to Roth?
Replies: 38
Views: 1820

Re: How often to contribute to Roth?

We contribute monthly. This is the case for all of our investments, save for my 401k, which occurs with each paycheck. Monthly contributions include: Roth IRAs, 529 plans for children, stocks (taxable), cash savings (future big ticket items, e.g. car or home project), mortgage overpayment. I agree w...
by scubadiver
Sat Jun 13, 2020 1:39 pm
Forum: Personal Investments
Topic: Risk sharing thought experiment
Replies: 17
Views: 815

Re: Risk sharing thought experiment

My dad has plenty of money, Is close to retirement, and Is 40/60 stocks/bonds. I have a long time horizon and 100%stocks. What would be the downside of what I call risk sharing. I would borrow money from my dad, and pay him 4% interest. Or some percent plus inflation or some other number to be dete...
by scubadiver
Mon Jun 08, 2020 3:56 pm
Forum: Personal Consumer Issues
Topic: Does Buying an RV make sense?
Replies: 97
Views: 6330

Re: Does Buying an RV make sense?

my impression from talking to RV owners (we are not) is that it is more a life-style choice than a cost choice. Many also tow a car behind since some places you might want to get to are not accessible to an RV - for example, up a windy hairpin road to get to a trail head for a hike. Also not an RV ...
by scubadiver
Sun Jun 07, 2020 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Girlfriend paying rent
Replies: 107
Views: 10579

Re: Girlfriend paying rent

oldfort wrote:
Sun Jun 07, 2020 5:50 pm
The IRS doesn't care about the OP's sex life.
Exactly. Which is why the OP should have no concern about the IRS giving him grief because his girlfriend splits the household expenses with him. 8-)
by scubadiver
Sat Jun 06, 2020 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Girlfriend paying rent
Replies: 107
Views: 10579

Re: Girlfriend paying rent

I think you have reached a reasonable agreement for sharing expenses with your girlfriend. I also don't think you need to report this to the IRS. It's your girlfriend, you're in a long-term relationship and you're sharing reasonable expenses. End of story. Paying rent to the owner of the property i...
by scubadiver
Sat Jun 06, 2020 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Pet (health/vet) insurance...
Replies: 26
Views: 1434

Re: Pet (health/vet) insurance...

Insurable events are those things which random in nature and have a low probability of occurring. It helps if there is a large pool of individuals over which the risk of a claim against the policy can be spread. What you are describing sounds more like routine healthcare for your pet. I'm not really...
by scubadiver
Sat Jun 06, 2020 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Girlfriend paying rent
Replies: 107
Views: 10579

Re: Girlfriend paying rent

I think you have reached a reasonable agreement for sharing expenses with your girlfriend.

I also don't think you need to report this to the IRS. It's your girlfriend, you're in a long-term relationship and you're sharing reasonable expenses. End of story.
by scubadiver
Sat May 30, 2020 1:26 pm
Forum: Personal Investments
Topic: Where to save extra income?
Replies: 15
Views: 1509

Re: Where to save extra income?

Welcome to the forum.

Will add my voice to the "max Roth IRA" chorus.

Scubadiver
by scubadiver
Wed May 27, 2020 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Economic Impact Payment: Wrong Last Name
Replies: 5
Views: 849

Re: Economic Impact Payment: Wrong Last Name

I don't really want to go one of their in-network ATMs to withdraw cash over a number of days and then deposit it in my bank account (the other option). The cash machine is in a pharmacy far from where I am at the moment and the withdrawal limit on that machine is low. So while there's a $1000 dail...
by scubadiver
Tue May 26, 2020 8:21 am
Forum: Personal Investments
Topic: Has anyone ever used their Emergency Fund?
Replies: 92
Views: 7506

Re: Has anyone ever used their Emergency Fund?

When dividends are paid the fund price drops by the same amount. Dividends do not create value from thin air. We should not assume that a 2.25% guarantees any kind of return. They do, however, one would imagine that the NAV goes up by the same amount over that period to reflect earnings otherwise t...
by scubadiver
Sun May 24, 2020 5:29 pm
Forum: Personal Investments
Topic: Has anyone ever used their Emergency Fund?
Replies: 92
Views: 7506

Re: Has anyone ever used their Emergency Fund?

I'm in the camp that does not maintain an explicit emergency fund. We do keep about 10 weeks of expenses in cash savings. Call it a liquidity fund. That is backstopped by a brokerage account which is further backstopped by our retirement savings. There is an extra $20K in our cash savings right now ...
by scubadiver
Sun May 24, 2020 5:14 pm
Forum: Personal Investments
Topic: When to start investing again?
Replies: 11
Views: 1210

Re: When to start investing again?

Welcome to the forum! The first issue you need to address is determining your desired asset allocation. Your post and the details concerning your recent investment history leads me to think you are risk averse. If correct, this would tend to favor a more conservative allocation irrespective of your ...
by scubadiver
Tue May 19, 2020 10:24 am
Forum: Personal Consumer Issues
Topic: What kind of sunglasses?
Replies: 107
Views: 6399

Re: What kind of sunglasses?

I don't have a brand loyalty, but I strongly believe in the value of a good pair of polarized sunglasses. If you spend any time near water in the summer or live in a northern state where you have frequent snowmelt in the winter that results in annoying sun glint, polarized sunglasses are for you.
by scubadiver
Mon May 18, 2020 3:32 pm
Forum: Personal Investments
Topic: Another debt or invest question
Replies: 27
Views: 1480

Re: Another debt or invest question

1.5% interest is extremely cheap debt, I would never pay it down early. The debt is fixed and the principal is losing value due to inflation anyways. Best of both worlds. And seeing how you are young, you want to build assets as much as possible. You need to open a Roth and max 12k for you and your...
by scubadiver
Fri May 15, 2020 5:00 pm
Forum: Personal Consumer Issues
Topic: Has Your Spending Changed Since The Shutdown?
Replies: 180
Views: 7034

Re: Has Your Spending Changed Since The Shutdown?

For those getting auto insurance discounts, is that being given across the board, or are you demonstrating less driving? I am probably driving more now but if everyone is getting a discount I want it too. We were just given the discount. I received an e-mail notification of the pending transaction....
by scubadiver
Thu May 14, 2020 6:45 pm
Forum: Personal Investments
Topic: **AMAZED** Just venting
Replies: 16
Views: 2479

Re: **AMAZED** Just venting

It truly just amazes me the wealth everyone has here. I feel like such a failure. Granted, I went through a divorce in '99 and four job losses which most definitely impacted my inability to save appropriately for retirement and am way behind at the young age of soon-to-be 65. I do own a lovely home...