Search found 65 matches

by weedf16
Mon Apr 23, 2018 6:49 pm
Forum: Personal Consumer Issues
Topic: Family trip, Southwest USA
Replies: 27
Views: 2429

Re: Family trip, Southwest USA

fortfun wrote:
Mon Apr 23, 2018 6:02 pm
Drive minivan from mo

1. Arches ntl prk/canyon lands
2. Bryce and zion
3. North rim of grand canyon.

2 days each. You will not see more beautiful country.
+1. I wholeheartedly second this.

:sharebeer
by weedf16
Wed Apr 04, 2018 7:59 am
Forum: Personal Finance (Not Investing)
Topic: Military SBP (Survivor Benefit Plan) - Is it worth it?
Replies: 15
Views: 3977

Re: Military SBP (Survivor Benefit Plan) - Is it worth it?

I am a military officer preparing for retirement this summer and have been scouring the forums for information regarding the Survivor's Benefit Plan (SBP). I came across this old thread and wanted to post my findings on this topic in order to help others in my situation or those that may come behind...
by weedf16
Mon Jul 31, 2017 7:01 pm
Forum: Local Chapters and Bogleheads Community
Topic: Your USER NAME...what does it mean?
Replies: 408
Views: 46545

Re: Your USER NAME...what does it mean?

I am a pilot in the USAF and my callsign is "Weed"...... No does not stand for what you thinking :D . When flying very low, you are said to be flying down in the weeds. I fly F-16s, hense " Weedf16"
:sharebeer
by weedf16
Mon Jul 31, 2017 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: The age old debate 30 vs 15 [year mortgage rate]
Replies: 41
Views: 6037

Re: The age old debate 30 vs 15 [year mortgage rate]

Personally, I am always a fan of going 30 years instead of 15. The reason is that I value the flexibility to have a lower mortgage payment in case of hard times. In good times I can always overpay my monthly required payment which reduces the effective interest rate in the long run.

:sharebeer
by weedf16
Sun Jul 30, 2017 5:46 am
Forum: Personal Consumer Issues
Topic: Commuters (that drive), what do you listen to?
Replies: 60
Views: 4128

Re: Commuters (that drive), what do you listen to?

I have 2 hours in the car everyday.

For me its Rush Limbaugh via podcast.
:sharebeer
by weedf16
Mon Mar 20, 2017 11:57 am
Forum: Investing - Help with Personal Investments
Topic: New Boglehead, Kids's College, & Emergency Fund Transfer
Replies: 25
Views: 1777

Re: New Boglehead, Kids's College, & Emergency Fund Transfer

livesoft wrote:
The child tax credit is a partly refundable credit, so if no taxes, then some credit is not given.
Thanks livesoft, forgot about the "additional" child tax credit. Looks like in my scenarios above the OP would get an additional $480 by going traditional.

:sharebeer
by weedf16
Mon Mar 20, 2017 10:25 am
Forum: Investing - Help with Personal Investments
Topic: New Boglehead, Kids's College, & Emergency Fund Transfer
Replies: 25
Views: 1777

Re: New Boglehead, Kids's College, & Emergency Fund Transfer

So using traditional IRAs instead of Roth IRAs gives them an extra $1484 a year. I don't have the tax software, but see if my math makes sense. Assumptions: $55K salary, 2 children under 17, able to save $11K into his/hers IRAs, married filing jointly ROTH $55,000 (salary) - $12,600 (standard deduc...
by weedf16
Mon Mar 20, 2017 5:14 am
Forum: Investing - Help with Personal Investments
Topic: New Boglehead, Kids's College, & Emergency Fund Transfer
Replies: 25
Views: 1777

Re: New Boglehead, Kids's College, & Emergency Fund Transfer

It's a mistake to use the ROTH, what is most important at OP's stage is to maximize cash flow and to understand that they will have little to zero tax liability at retirement if they use the Traditional IRA. The only advantage the ROTH provides is the ability to tap into the principal contributions...
by weedf16
Wed Mar 15, 2017 12:20 pm
Forum: Investing - Help with Personal Investments
Topic: TSP interfund transfer
Replies: 14
Views: 1487

Re: TSP interfund transfer

TSP does not allow traditional to Roth conversions at this time.

It's high on my wish list, but the TSP board does not seem in a hurry to oblige.

:sharebeer
by weedf16
Mon Feb 27, 2017 10:15 am
Forum: Investing - Theory, News & General
Topic: How to Rebalance with Rate Hikes Looming
Replies: 49
Views: 10550

Re: How to Rebalance with Rate Hikes Looming

I'm investing cash every 6 months into 2 year Treasury notes. I just bought some at auction a few days ago through Vanguard Brokerage with a yield of 1.125%. You should have just opened a savings account at Pure Point Financial 1.25% APY. FDIC insured and liquid. https://www.depositaccounts.com/sav...
by weedf16
Mon Feb 27, 2017 3:39 am
Forum: Investing - Help with Personal Investments
Topic: tax efficiency advice for retirement withdrawals
Replies: 4
Views: 795

Re: tax efficiency advice for retirement withdrawals

Hi Marco, I recommend withdrawing from your taxable accounts first and continue to let your tax advantaged accounts to grow tax free. Here is a great link explaining why: https://www.kitces.com/blog/tax-efficient-retirement-withdrawal-strategies-to-fund-retirement-spending-needs/ If you have any roo...
by weedf16
Mon Feb 27, 2017 3:26 am
Forum: Investing - Help with Personal Investments
Topic: First Post. IRA vs TSP
Replies: 14
Views: 1994

Re: First Post. IRA vs TSP

At your stage, I would recommend ROTH IRA over ROTH TSP until you get to the point where you are maxing the IRA ($5,500 per year) and can then begin TSP contributions. Caveat is if you opt into the Blended Retirement System (BRS)....then make sure you get the maximum TSP match, then invest rest in R...
by weedf16
Sun Feb 19, 2017 6:15 am
Forum: Investing - Theory, News & General
Topic: TSP Expense Ratio jumps to 0.038%
Replies: 72
Views: 10038

Re: TSP Expense Ratio jumps to 0.038%

This will make the decision to get completely out of TSP when DW retires (because of the limited withdrawal options) into Vanguard institutional that much easier. This. :sharebeer You might want to check on something first: some states (mine does) exempt a portion of the Thrift 401k proceeds reciev...
by weedf16
Sun Feb 19, 2017 6:10 am
Forum: Investing - Help with Personal Investments
Topic: Stock Market Fears
Replies: 55
Views: 7251

Re: Stock Market Fears

5) If the stock market drops 50%, we would lose about $300k. If it drops 25% we'd lose $150k. A 12.5 % drop would be $75k. None of these scenarios really appeal to me, but I understand the need to keep up with inflation. I have not had a COLA increase since I retired in 2002. My husband hasn't had ...
by weedf16
Sun Feb 05, 2017 9:17 am
Forum: Investing - Theory, News & General
Topic: TSP Expense Ratio jumps to 0.038%
Replies: 72
Views: 10038

Re: TSP Expense Ratio jumps to 0.038%

mrc wrote:This will make the decision to get completely out of TSP when DW retires (because of the limited withdrawal options) into Vanguard institutional that much easier.
This.

:sharebeer
by weedf16
Wed Feb 01, 2017 7:31 am
Forum: Investing - Help with Personal Investments
Topic: Need help estimating TSP future balance
Replies: 5
Views: 845

Re: Need help estimating TSP future balance

When designating how much comes out of your paycheck for TSP, you enter a percentage of your base pay to be applied to TSP. Most likely she had a change in base pay from one year to the next (promotion or step increase?) and left the percentage the same.
by weedf16
Mon Jan 30, 2017 2:44 am
Forum: Investing - Help with Personal Investments
Topic: Please Help with 25 Year Old Daughter-In-Law.
Replies: 36
Views: 6882

Re: Please Help with 25 Year Old Daughter-In-Law.

My advice would be not to invest in her retirement, but to invest in her education. Future success in life for her is centered around earning a higher salary which requires an education or a skill. Look at ways that you can help her with tuition at a community college and/or trade school instead of ...
by weedf16
Wed Jan 25, 2017 11:30 am
Forum: Local Chapters and Bogleheads Community
Topic: HAPPY 93RD BIRTHDAY, TAYLOR!
Replies: 199
Views: 14153

Re: HAPPY 93RD BIRTHDAY, TAYLOR!

Happy Birthday to a great American!!

:sharebeer
by weedf16
Tue Jan 10, 2017 9:39 am
Forum: Investing - Help with Personal Investments
Topic: Prioritize college savings or retirement savings?
Replies: 6
Views: 817

Re: Prioritize college savings or retirement savings?

Bottom line: I suggest prioritizing non-529 savings for retirement. Those savings may be used for college, too, if needed. Livesoft, you are one of my favorite posters here at the Bogleheads forum....always sage advice. We have 5 kids (all girls, so there will be college and weddings to think about...
by weedf16
Tue Jan 10, 2017 9:25 am
Forum: Investing - Help with Personal Investments
Topic: To those with a pension...
Replies: 52
Views: 8346

Re: To those with a pension...

A) No, we live well below our means and save as much as we can every month into retirement savings. Most months that is 30% of gross income. B) Yes, I feel comfortable accepting more risk due to a guaranteed pension (22 years active duty military and counting). Current AA is 75/25. The biggest benef...
by weedf16
Fri Jan 06, 2017 11:02 am
Forum: Investing - Help with Personal Investments
Topic: Should I max my Roth TSP or invest?
Replies: 40
Views: 7491

Re: Should I max my Roth TSP or invest?

Maverick3320, Thank you for the insight. I did some more research today and was startled to realize the benefits of the retirement options I have. Luckily I got in when I did. The REDUX system is pretty much trash, along with the BRS system compared to the High 36 retirement plan. The High 36 plan ...
by weedf16
Thu Jan 05, 2017 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Calculating Effective Tax Rate
Replies: 17
Views: 1405

Re: Calculating Effective Tax Rate

WestTechsan wrote:tax owed divided by gross income
This.

:sharebeer
by weedf16
Thu Jan 05, 2017 9:44 am
Forum: Investing - Help with Personal Investments
Topic: 500K milestone celebration
Replies: 74
Views: 8938

Re: 500K milestone celebration

Job well done! Just curious, what was your starting number in 2013?

:sharebeer
by weedf16
Wed Jan 04, 2017 8:01 am
Forum: Investing - Theory, News & General
Topic: "It’s Time to Ignore Advice About Which Stocks to Buy in 2017"
Replies: 4
Views: 807

Re: "It’s Time to Ignore Advice About Which Stocks to Buy in 2017"

The expert advice is to do the opposite of the what the "experts" are telling you to do!! :D
by weedf16
Tue Jan 03, 2017 2:54 am
Forum: Investing - Help with Personal Investments
Topic: Should I max my Roth TSP or invest?
Replies: 40
Views: 7491

Re: Should I max my Roth TSP or invest?

So, should I roll over the TSP funds to my Vanguard Roth IRA to boost my 2017 contributions? Should I bite the bullet and keep contributing to Roth TSP even though I receive no match? In short....no. In fact this is not even possible. You cannot withdraw/rollover out of TSP while you are still in-s...
by weedf16
Sat Dec 31, 2016 3:46 am
Forum: Investing - Theory, News & General
Topic: "Stock Returns May Not Be What They Seem"
Replies: 5
Views: 1573

Re: "Stock Returns May Not Be What They Seem"

You learn something new everyday. For me, this is new, so thank you Taylor. I am very appreciative of this enormously educational forum.

Cheers :sharebeer
by weedf16
Fri Dec 30, 2016 6:21 am
Forum: Investing - Help with Personal Investments
Topic: TSP F Fund or Vanguard Funds?
Replies: 38
Views: 3447

Re: TSP F Fund or Vanguard Funds?

Thanks. Anyone else on switching to G Fund vice F Fund or Vanguard Total Bond Market? and/or mixing the G Fund and the INtermediate Bond Index or Intermediate-Term Bond Investment Grade, since interest rates look to be rising? To date, all of my fixed-income (25%) has been in F fund. This thread ha...
by weedf16
Mon Dec 26, 2016 7:53 am
Forum: Investing - Help with Personal Investments
Topic: Piggy bank money
Replies: 7
Views: 1151

Re: Piggy bank money

For my DD, I opened a UTMA account at Vanguard in her name. She started with Vanguard Target Retirement 2060 Fund (VTTSX) due to the lower minimum investment requirement. Every time she gets birthday or Christmas money she contributes some to her UTMA. She is up to almost $2500 now!. She just turned...
by weedf16
Mon Dec 26, 2016 3:59 am
Forum: Investing - Help with Personal Investments
Topic: Investing to buy a home
Replies: 8
Views: 1249

Re: Investing to buy a home

There are a number of options available to you. 1. High yield savings account as previously mentioned. 2. CD's 3. Taxable investing #1 and 2 are the safest courses of action as both bring with them FDIC backing. For #3, it is critical to consider your appetite for risk regarding this pot of money an...
by weedf16
Sat Dec 24, 2016 3:11 pm
Forum: Local Chapters and Bogleheads Community
Topic: My Christmas Gift to You.
Replies: 98
Views: 10418

Re: My Christmas Gift to You.

Thank you sir for your service to our great country. We are forever in your debt for the priceless gift of freedom.

God Bless.
by weedf16
Wed Dec 21, 2016 1:49 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth and basis question
Replies: 7
Views: 896

Re: Backdoor Roth and basis question

jane1 wrote:You are good to go.
Concur. You are all set.


Cheers :sharebeer
by weedf16
Wed Dec 21, 2016 1:34 am
Forum: Investing - Help with Personal Investments
Topic: VWIUX Vanguard Intermediate Tax Expt - Should I trade out?
Replies: 22
Views: 3159

Re: VWIUX Vanguard Intermediate Tax Expt - Should I trade out?

Thanks guys. If I did a TLH, what would you recommend as an alternate? Also, how long before returning to VWIUX? Your best bet is probably Vanguard Limited-Term Tax Exempt (VMLTX) or Vanguard Short-term Tax Exempt (VWSTX). To avoid the wash sale, you have to wait at least 30 days. Cheers :sharebeer...
by weedf16
Tue Dec 20, 2016 8:29 am
Forum: Investing - Help with Personal Investments
Topic: Static vs Changing Asset Allocation
Replies: 27
Views: 2631

Re: Static vs Changing Asset Allocation

Mike- We only have one portfolio. Not me. I have two portfolios. Maybe portfolios is not the most accurate word, maybe buckets is a better description. My first 'bucket' is my retirement bucket which has an AA of 75/25 and encompasses all my tax preferential accounts (401k and Roth IRAs). My second...
by weedf16
Tue Dec 20, 2016 8:11 am
Forum: Investing - Help with Personal Investments
Topic: VWIUX Vanguard Intermediate Tax Expt - Should I trade out?
Replies: 22
Views: 3159

Re: VWIUX Vanguard Intermediate Tax Expt - Should I trade out?

Thanks guys. If I did a TLH, what would you recommend as an alternate? Also, how long before returning to VWIUX? Your best bet is probably Vanguard Limited-Term Tax Exempt (VMLTX) or Vanguard Short-term Tax Exempt (VWSTX). To avoid the wash sale, you have to wait at least 30 days. Cheers :sharebeer
by weedf16
Tue Dec 20, 2016 7:36 am
Forum: Investing - Help with Personal Investments
Topic: Help regarding traditional to roth conversion
Replies: 11
Views: 1769

Re: Help regarding traditional to roth conversion

You appear to be in the 25% tax bracket. I would not convert pre-tax to Roth at 25% unless I knew it was pretty certain I'd be in a higher tax bracket in retirement. Not impossible, but this does not happen to most people. Do not confuse being wealthy in retirement with being in a high tax bracket....
by weedf16
Mon Dec 12, 2016 9:43 am
Forum: Investing - Theory, News & General
Topic: The age old 529 plan vs retirement question
Replies: 14
Views: 2522

Re: The age old 529 plan vs retirement question

I'm in a situation where we've maxed out retirement, and maxed out 529, with kids who probably aren't going to tap all the money we've 529'd. Do we just eat the penalties later...hope for more academic grandchildren...or is there some other trick? This is exactly why I am choosing to invest taxable...
by weedf16
Mon Dec 12, 2016 9:28 am
Forum: Investing - Help with Personal Investments
Topic: Pay down mortgage or index invest?
Replies: 12
Views: 2007

Re: Pay down mortgage or index invest?

If you are looking to payoff your house early (which I am), "C" is preferable in many ways, since it does not make much sense to put much (if any) money to pay down a mortgage because it does nothing to your monthly cashflows. Invest the excess and let is grow large and then pay off the house compl...
by weedf16
Mon Dec 12, 2016 9:14 am
Forum: Investing - Help with Personal Investments
Topic: Pay down mortgage or index invest?
Replies: 12
Views: 2007

Re: Pay down mortgage or index invest?

Max your tax advantaged accounts first. If you are making the maximum contribution to your 401K and a Roth/Traditional IRA for both you and your spouse (assuming you have a spouse), then using additional funds to prepay your mortgage is a very valid thing to do. You will find many threads on this fo...
by weedf16
Sun Dec 04, 2016 2:05 am
Forum: Investing - Help with Personal Investments
Topic: Installment loan to boost credit score.
Replies: 30
Views: 3068

Re: Installment loan to boost credit score.

I don't understand the thought process that "I have to take on debt to improve my credit score". Credit score only matters if you are looking to borrow money. My philosophy is don't pay interest....earn it. If you can't afford to buy something with cash, then you can't afford it. The only acception ...
by weedf16
Sun Nov 27, 2016 10:13 am
Forum: Investing - Help with Personal Investments
Topic: Thoughts on my investments?
Replies: 16
Views: 2739

Re: Thoughts on my investments?

I currently make about $1500 a month in which I save $1300 of that for the most part. Congrats on being a dedicated saver. I recommend that you start investing in yourself buy attending college or a trade school in order to maximize your future earnings. An increased salary base, your saving habits...
by weedf16
Sat Nov 26, 2016 9:17 am
Forum: Investing - Help with Personal Investments
Topic: Putting money in non-deductible Traditional IRA vs. Taxable account
Replies: 14
Views: 2981

Re: Putting money in Traditional IRA vs. Taxable account

I recommend you navigate around the Boglehead Wiki. You will find a plethora of great information including this little gem which should answer most of your questions:

https://www.bogleheads.org/wiki/Priorit ... nvestments

Good Luck!
by weedf16
Mon Nov 21, 2016 3:41 am
Forum: Investing - Help with Personal Investments
Topic: Saving for home downpayment
Replies: 23
Views: 4826

Re: Saving for home downpayment

I totally misread that you still had a mortgage! I would pay down the mortgage with 80% of your available cash while its still around and do 20% in stocks. This is certainly a good option, but I recommend you consider the liquidity factor of choosing this course of action. If for some reason you ar...
by weedf16
Sat Apr 16, 2016 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: MATH of buying vs renting
Replies: 4
Views: 913

Re: MATH of buying vs renting

DVMResident wrote:Comparing a 3BR house to a 1BR apartment is misleading. They each provide you a very different lifestyle.
A better comparison would be a 1BR condo vs a 1BR apt.
Ditto.....it makes no sense.
by weedf16
Sun May 17, 2015 9:58 am
Forum: Investing - Help with Personal Investments
Topic: Now what? [Next step after emergency fund is funded]
Replies: 10
Views: 1843

Re: Now what?

When selecting funds in your 401(k), be sure to select low expense ratio (er) index funds if possible. If you list your menu of 401(k) options in this forum, we Bogleheads can help you with fund selection.
by weedf16
Sat May 16, 2015 5:37 pm
Forum: Investing - Help with Personal Investments
Topic: Post tax investing or Pay off 2.95% Mortgage?
Replies: 39
Views: 5688

Re: Post tax investing or Pay off 2.95% Mortgage?

If I was in your position, I also would payoff the house. Then begin taxable investments.
by weedf16
Sat May 16, 2015 9:49 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio & Budget Review Requested -- Correct Format
Replies: 10
Views: 1741

Re: Portfolio & Budget Review Requested -- Correct Format

My advice to you is to contribute to wife's 401(k) so as to maximize the employer match, then concentrate all efforts on becoming debt free with the exception of your house. I like Dave Ramsey's debt snowball technique and recommend it to any who ask my advice. Some bogle's will disagree with this a...
by weedf16
Fri May 15, 2015 11:29 pm
Forum: Investing - Help with Personal Investments
Topic: $$ Strength Affect on International Bond Funds
Replies: 2
Views: 397

Re: $$ Strength Affect on International Bond Funds

definitely add the international. Somewhere between 20-40% of your equities should be international and will provide you with diversification. Remember that diversification limits your portfolio volatility and maximizes your return over the long run.
by weedf16
Fri May 15, 2015 5:41 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roths or get rid of mortgage insurance?
Replies: 7
Views: 1190

Re: Backdoor Roths or get rid of mortgage insurance?

You have to look at it not only as the 33k you don't contribute, but as the loss of the gains you would miss out on that money. At a 6% return, that would mean 179k less in your roth in thirty years. Mike It's not like this $33k is being thrown away...it is just being 'invested' in a different way....
by weedf16
Fri May 15, 2015 5:02 pm
Forum: Investing - Help with Personal Investments
Topic: Please help me with my 401k 31 year old single male
Replies: 15
Views: 2212

Re: Please help me with my 401k 31 year old single male

Congratulations, you just struck financial planning gold by finding this forum. The best thing you could possibly do for yourself and any future progeny is to: 1) Read this wiki page and follow links to your hearts content https://www.bogleheads.org/wiki/Bogleheads%C2%AE_investment_philosophy 2) Rea...