Search found 797 matches

by indexonlyplease
Tue Dec 12, 2017 7:17 am
Forum: Personal Finance (Not Investing)
Topic: 2018 financial goals - what are yours?
Replies: 56
Views: 3980

Re: 2018 financial goals - what are yours?

Retired, conservative investor, no debt. As long as we beat inflation we're good, that's the goal. Mine too exactly. Here is my absolutely BORING portfolio AA as a 70-year-old retired k12 LAUSD teacher: https://s19.postimg.org/uyb1gl92b/2017_Q2_Asset_Allocation.png Did I mention the 7.5% return on ...
by indexonlyplease
Tue Dec 12, 2017 7:04 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA-Vanguard
Replies: 1
Views: 61

Re: Roth IRA-Vanguard

Hey everyone, I just invested a max lump sum of 5500 dollars into a Vanguard Roth IRA before the end of the year, so I can begin to invest in regularly at the beginning of 2018. I would like it to be in a Target 2050 retirement mutual fund, but when I signed up for my Vanguard account, it didn't as...
by indexonlyplease
Tue Dec 12, 2017 6:58 am
Forum: Investing - Help with Personal Investments
Topic: RMD and Roth IRA conversions
Replies: 6
Views: 604

Re: RMD and Roth IRA conversions

Why is it that when retired you can start withdrawing large amounts from your 401k and start putting the money into the Roth IRA. Over the working limits. That's the way Congress made the rules. They could have done it differently. I see this is a way to reduce RMD's when you reach 70.5 yrs. I also...
by indexonlyplease
Mon Dec 11, 2017 5:00 pm
Forum: Investing - Help with Personal Investments
Topic: RMD and Roth IRA conversions
Replies: 6
Views: 604

Re: RMD and Roth IRA conversions

Is this correct, and is there really a big advantage of starting to moving the money early. My example is that my pension keeps us in the 25% tax bracket. My wife still works but we max out her 401k at work. This keeps us below the Roth IRA contribution salary limits. When she retires in around 7 y...
by indexonlyplease
Mon Dec 11, 2017 7:00 am
Forum: Investing - Help with Personal Investments
Topic: RMD and Roth IRA conversions
Replies: 6
Views: 604

RMD and Roth IRA conversions

Trying to understand conversions. During your working years you can contribute $5500 and $6500 after 50. I am now talking about retirement but under age 70.5 yrs. Why is it that when retired you can start withdrawing large amounts from your 401k and start putting the money into the Roth IRA. Over th...
by indexonlyplease
Sun Dec 10, 2017 10:29 am
Forum: Investing - Theory, News & General
Topic: How should I look at SS and pensions when developing my post-FRA AA?
Replies: 30
Views: 844

Re: How should I look at SS and pensions when developing my post-FRA AA?

I am not sure why you would include your income (pension and SS) in your AA. For me my pension covers all expenses, just like when I worked. I am to young for SS. I did reduce my investments to from 60/40 AA to 50/50 AA. Thinking I had enough so why take on more risk then needed. So I think your que...
by indexonlyplease
Thu Nov 30, 2017 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE [financial independence/retire early]
Replies: 132
Views: 11653

Re: FIRE [financial independence/retire early]

And if you don't enjoy your job get another one. At 25-30K a year there are many choices. What if someone just doesn't want any job? Why is that so difficult to comprehend? that will depend on what age you retire and where. I don't know anyone satistied with 30k in South Florida where I live. I gue...
by indexonlyplease
Thu Nov 30, 2017 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE [financial independence/retire early]
Replies: 132
Views: 11653

Re: FIRE [financial independence/retire early]

I think many are to worried about retiring early. Why not enjoy the work you do and enjoy life along the way. Web sites like Mr. MM talk about how they retired early and live on 25-30k a year. Who would want to live so frugal at a retiremnt age in your 30-40s. Why not work longer and live the same ...
by indexonlyplease
Thu Nov 30, 2017 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE [financial independence/retire early]
Replies: 132
Views: 11653

Re: FIRE [financial independence/retire early]

I think many are to worried about retiring early. Why not enjoy the work you do and enjoy life along the way. Web sites like Mr. MM talk about how they retired early and live on 25-30k a year. Who would want to live so frugal at a retiremnt age in your 30-40s. Why not work longer and live the same ...
by indexonlyplease
Thu Nov 30, 2017 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE [financial independence/retire early]
Replies: 132
Views: 11653

Re: FIRE [financial independence/retire early]

I think many are to worried about retiring early. Why not enjoy the work you do and enjoy life along the way. Web sites like Mr. MM talk about how they retired early and live on 25-30k a year. Who would want to live so frugal at a retiremnt age in your 30-40s. Why not work longer and live the same ...
by indexonlyplease
Thu Nov 30, 2017 9:03 am
Forum: Personal Finance (Not Investing)
Topic: FIRE [financial independence/retire early]
Replies: 132
Views: 11653

Re: FIRE [financial independence/retire early]

I think many are to worried about retiring early. Why not enjoy the work you do and enjoy life along the way. Web sites like Mr. MM talk about how they retired early and live on 25-30k a year. Who would want to live so frugal at a retiremnt age in your 30-40s. Why not work longer and live the same l...
by indexonlyplease
Sat Nov 18, 2017 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: Why pay cash for a car?
Replies: 179
Views: 15170

Re: Why pay cash for a car?

Most of the people that are against paying cash for a car don't have the money to pay cash. So they make payment. Most will not save for the next car so they have to pay interest.

Then you have the people that buy more car then they can afford, so they have to pay interest.
by indexonlyplease
Sat Nov 18, 2017 12:03 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with 360k for an old man
Replies: 30
Views: 3082

Re: What to do with 360k for an old man

The only other option I would consider would be a five year CD ladder where they are staggered to mature every year. For example he could buy $60,000 CDs that mature in 1,2,3,4, and 5 years. The rest he could just leave in the saving account. This seems like a good idea to me. Might make everybody ...
by indexonlyplease
Sat Nov 11, 2017 10:15 am
Forum: Investing - Theory, News & General
Topic: Retirees: I got this!!
Replies: 82
Views: 9851

Re: Retirees: I got this!!

Well, it helps that we've been on a massive bull run. I imagine the "I got this" crowd has increased in proportion to the market. It's near-retirees that might be a little more worried. I agree. I think if I did not have a pension, I would have delayed retirement.. I think I would of continue to wo...
by indexonlyplease
Sat Nov 11, 2017 10:04 am
Forum: Investing - Theory, News & General
Topic: Retirees: I got this!!
Replies: 82
Views: 9851

Re: Retirees: I got this!!

I retired 18 months ago and it has been simple because of my pension. Pension makes it alot easier to feel secure. At least with the Florida Pension. I plan not to touch my investments for another 7 years. I will just have to decide how much more will I need each month. Question, what is the best wi...
by indexonlyplease
Sun Oct 22, 2017 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 175
Views: 18140

Re: Does anyone here with net worths north of $1 mil use financial advisors?

I was 100% stocks up to a few years ago in my 457 plan. Then I used an FA for 3 years and paid 1.2% to manage my money. .9% for the FA and .3% for the funds they used (Dimensional Funds).. Then I found this site and learned about the 3 fund portfolio. So, I dump the FA saved 1.2% on the fees. I woul...
by indexonlyplease
Mon Oct 16, 2017 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: UTMA accounts
Replies: 17
Views: 681

Re: UTMA accounts

I have 2 UTMA for my 2 son's in Florida. They control at 21 per Florida Law. I have been investing since they were young. I have both accounts at Vanguard. I found out that they do not control until I contact Vanguard and release the account to them. My 21 yr old found out about the UTMA when he ope...
by indexonlyplease
Wed Oct 04, 2017 3:19 pm
Forum: Investing - Theory, News & General
Topic: "Vanguard Funds vs. Dimensional Funds in New IFA Index Portfolios" -- What's The Deal?
Replies: 56
Views: 7606

Re: "Vanguard Funds vs. Dimensional Funds in New IFA Index Portfolios" -- What's The Deal?

I was investing with IFA for around 3 years until I found this site. The only problem I have with them is the fee they charge. I believe it is .9% of investments. My advisor was great. The problem with advisors that use index funds the don't talk about what the fees will cost you over 30 plus years ...
by indexonlyplease
Wed Oct 04, 2017 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: We're Debt Free (Except our House)!
Replies: 34
Views: 3408

Re: We're Debt Free (Except our House)!

I like having the house paid off. Nice not making a monthly payment and it feels good!! You are putting in the recommended 15%. Why not do a little of both. Increase percent to 401k, to max if possible, depends on your Salary and what amount you are paying now. Pay extra on the house each month. You...
by indexonlyplease
Wed Oct 04, 2017 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: Shifting 100% Stock → 35% Stock & 65% Bonds / REITs
Replies: 52
Views: 6374

Re: Shifting 100% Stock → 35% Stock & 65% Bonds / REITs

Why do you own REITs. Is it the income? Or long term return? Just asking. Also, what % do you like. Also, considering the REITs in total stock market. Income nor long term is the correct metric because, after all, dividends are irrelevant. At this stage of my life I don't need to do any liability m...
by indexonlyplease
Wed Oct 04, 2017 6:24 am
Forum: Investing - Help with Personal Investments
Topic: Should I max out my Roth IRA as an 18 year old?
Replies: 15
Views: 887

Re: Should I max out my Roth IRA as an 18 year old?

My son opened a Roth IRA at Vanguard 19 when he graduated high school and started working part time. Now at 21 in college and working part time. We always do a match with him. It was $100 a month and now maxed out with our match. I would think put in the amount you can afford for the long haul. Mayb...
by indexonlyplease
Wed Oct 04, 2017 6:03 am
Forum: Investing - Help with Personal Investments
Topic: Shifting 100% Stock → 35% Stock & 65% Bonds / REITs
Replies: 52
Views: 6374

Re: Shifting 100% Stock → 35% Stock & 65% Bonds / REITs

What is current thinking about a CD ladder for the bond side of the portfolio? Paul I was thinking about a cd ladder with some extra cash I did not want to put in the market. But the rate only good rate is Ally 5 yr 2.25%. 150 day penalty. The 1,3 yr rates seem to low to build ladder. What do you t...
by indexonlyplease
Wed Oct 04, 2017 5:56 am
Forum: Investing - Help with Personal Investments
Topic: Shifting 100% Stock → 35% Stock & 65% Bonds / REITs
Replies: 52
Views: 6374

Re: Shifting 100% Stock → 35% Stock & 65% Bonds / REITs

I like REITs. I overweight REITs in my portfolio. I believe that they are a excellent diversifier. They are not bond alternatives. They have the same level of return and risk as equities. I could make a stronger argument for direct holding of real estate as a bond alternative. Still not a bond, but...
by indexonlyplease
Wed Oct 04, 2017 5:47 am
Forum: Personal Consumer Issues
Topic: Where/when to get good deals on athletic shoes
Replies: 24
Views: 1518

Re: Where/when to get good deals on athletic shoes

For years I have been buying my sneakers at Finishline. I usually buy shoes that are on sale. Also, for every $200 you spend they send you a $20 voucher for any sneaker. With 2 kids I get to $200 real easy. This also allows me to buy the sneakers I want. Good to protect the only pair of feet you have.
by indexonlyplease
Tue Oct 03, 2017 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: What age did you become debt free and what opportunities did it create?
Replies: 131
Views: 19000

Re: What age did you become debt free and what opportunities did it create?

jebmke wrote:
Fri Jul 03, 2015 10:48 am
I was born debt free.

Took on a small amount of student debt at 24, paid it off @30 but year later took on mortgage. Paid off last mortgage when we moved overseas @50, no debt since.
Can I ask the reason why you moved overseas? Did you find a great place to live? Please tell.

Thanks
by indexonlyplease
Mon Sep 25, 2017 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Spouse Money Management
Replies: 94
Views: 6559

Re: Spouse Money Management

hey Bogleheads, What money management system do you use with your significant other (or have you heard of any good ones)? I am a saver and my gf (of 2 years) is a spender who makes very little working part time a a college student. I make about 15x what she makes in a week. My take home pay = $35k/...
by indexonlyplease
Sun Sep 24, 2017 11:44 am
Forum: Personal Consumer Issues
Topic: What is your favorite reasonably priced bourbon?
Replies: 95
Views: 6629

Re: What is your favorite reasonably priced bourbon?

I drink bourbon neat with no ice. I've purchased some expensive bourbons and received some as gifts. To date, Four Roses Small Batch is my favorite. It is reasonably priced and has great flavor. I'm open to suggestions and criticism from my fellow Bogleheads. What is your favorite reasonably priced...
by indexonlyplease
Fri Sep 22, 2017 8:38 pm
Forum: Investing - Theory, News & General
Topic: Retirees, what is your marginal tax rate?
Replies: 102
Views: 10764

Re: Retirees, what is your marginal tax rate?

I always heard that your taxes will be lower in retiremnet. I retired last year and because of my pension I stayed in the same tax bracket 25%. Now I have to be careful in the future if I decide to take some of my investments. They could put me in the next tax bracket. But wife still works so when s...
by indexonlyplease
Fri Sep 22, 2017 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Would you get flood insurance?
Replies: 25
Views: 1564

Re: Would you get flood insurance?

So I live in Houston and my house did not get flooded during Harvey. The water didn't even come up the drive-way. I'm debating on getting flood insurance. I'm not in a flood zone (apparently i'm in the 500 year flood zone according to the county). Would you get flood insurance now even though your ...
by indexonlyplease
Fri Sep 22, 2017 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: Age you retired
Replies: 112
Views: 8893

Re: Age you retired

Last year age 52. Did not want to retire but because of to many changes in the pension system I had no choice. Went back to work for 3 months and now have been retired for around 8 months. I plan to instruct in my career part time starting this month. But not having to get up early to go to work is ...
by indexonlyplease
Fri Sep 22, 2017 12:23 pm
Forum: Investing - Help with Personal Investments
Topic: Warren Buffett and Bond Funds
Replies: 33
Views: 3179

Re: Warren Buffett and Bond Funds

I think it is always a big mistake when we try to compare ourselves to the billionaires. Like I hear all the time the rich don't payoff their mortgage because they would lose money. So each person has to do what is good for them. Not what Mr. Buffet tells them what is good. Why, he is referencing B...
by indexonlyplease
Fri Sep 22, 2017 6:41 am
Forum: Investing - Help with Personal Investments
Topic: Warren Buffett and Bond Funds
Replies: 33
Views: 3179

Re: Warren Buffett and Bond Funds

I think it is always a big mistake when we try to compare ourselves to the billionaires. Like I hear all the time the rich don't payoff their mortgage because they would lose money.

So each person has to do what is good for them. Not what Mr. Buffet tells them what is good.
by indexonlyplease
Fri Sep 22, 2017 6:30 am
Forum: Personal Finance (Not Investing)
Topic: Help me solve: Not allowed access to savings at Canadian bank
Replies: 13
Views: 1961

Re: Help me solve: Not allowed access to savings at Canadian bank

My parents listed me as joint owner of a savings account at the CIBC (Canadian Imperial Bank of Commerce) in Alberta Canada, and after they passed I became the sole owner. I live in USA many thousands of miles away. I get statements each year and report the tiny income on my taxes but am repeatedly...
by indexonlyplease
Fri Sep 22, 2017 6:13 am
Forum: Investing - Theory, News & General
Topic: No More Saving???
Replies: 114
Views: 11047

Re: No More Saving???

I maxed out all retirement accounts until I retired last year. I decided in retirment savings would end. We would just spend all of our income each month. My pension and my wife's wifes salary (still works). I also thought I would start taking money from my investments to live even better. Then I re...
by indexonlyplease
Fri Sep 22, 2017 5:59 am
Forum: Investing - Theory, News & General
Topic: AA if you were just starting out again
Replies: 49
Views: 3910

Re: AA if you were just starting out again

I would stop second guessing my plan and stick with it instead of jumping around so much. Possibly 60/40 for life and never even look at it. That's what I'm doing now, but it took me this long to get here. I never invested in international funds, that is something I would not change. I'm happy I li...
by indexonlyplease
Fri Sep 22, 2017 5:46 am
Forum: Investing - Theory, News & General
Topic: AA if you were just starting out again
Replies: 49
Views: 3910

Re: AA if you were just starting out again

When I started investing in my 457 plan in 1985 the talk was only about stock mutual funds. Never heard anyone talk about bonds until I found this site 3 yrs ago. So my only choices were picking one fund from each asset large, small, mid and international. That is all I knew. If I had to do it all o...
by indexonlyplease
Wed Sep 20, 2017 7:53 pm
Forum: Personal Consumer Issues
Topic: Lease vs. Buy debate with a twist...
Replies: 33
Views: 2611

Re: Lease vs. Buy debate with a twist...

Leasing was something the finance gurus came up with to get you to purchase a car every 3 years. There is not benefit to you. Unless like most you can't afford the BMW but you can afford to Lease it. +1 your paying for the depreciation/services + profit for the dealer with a lease. Seriously consid...
by indexonlyplease
Wed Sep 20, 2017 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: New to Investing. 450k cash
Replies: 33
Views: 3277

Re: New to Investing. 450k cash

With the $3600 a month can you still max out your 401k and Roth IRA. What is your desired AA. Lets say 50 percent stocks and 50 fixed income. You could invest 200k into stocks funds and 200k into your mortgages. You just saved 3.65% on your fixed income. Also, lowered your payment. Just an idea, I ...
by indexonlyplease
Wed Sep 20, 2017 6:08 am
Forum: Personal Consumer Issues
Topic: Lease vs. Buy debate with a twist...
Replies: 33
Views: 2611

Re: Lease vs. Buy debate with a twist...

To much though into owning a car. A car is to get you where you need to be. You can also use a bike. They depreciate less. How about just buying what you need. Can you pay cash? Then buy the car with cash. Most people buy more car when they lease because of the lower payment. If you are FI then buy ...
by indexonlyplease
Wed Sep 20, 2017 5:48 am
Forum: Investing - Help with Personal Investments
Topic: New to Investing. 450k cash
Replies: 33
Views: 3277

Re: New to Investing. 450k cash

With the $3600 a month can you still max out your 401k and Roth IRA. What is your desired AA. Lets say 50 percent stocks and 50 fixed income. You could invest 200k into stocks funds and 200k into your mortgages. You just saved 3.65% on your fixed income. Also, lowered your payment. Just an idea, I d...
by indexonlyplease
Tue Sep 19, 2017 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: New BOA Premium Rewards Card
Replies: 29
Views: 1848

Re: New BOA Premium Rewards Card

My wife and I use BOA cash rewards card for everything. Every January I go online and request the rewards in cash to be deposited into my checking Account. I get a 75% bonus. I forget exactly why I get the bonus but it is either from keeping a certain amount of money in your accounts. Not sure of t...
by indexonlyplease
Tue Sep 19, 2017 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: New BOA Premium Rewards Card
Replies: 29
Views: 1848

Re: New BOA Premium Rewards Card

My wife and I use BOA cash rewards card for everything. Every January I go online and request the rewards in cash to be deposited into my checking Account. I get a 75% bonus. I forget exactly why I get the bonus but it is either from keeping a certain amount of money in your accounts. Not sure of th...
by indexonlyplease
Tue Sep 19, 2017 4:35 pm
Forum: Personal Consumer Issues
Topic: Name something you had to have and now you regret purchasing it?
Replies: 275
Views: 25913

Re: Name something you had to have and now you regret purchasing it?

This brings up an interesting question. If paying for experiences is more satisfying than paying for goods, then is wasting money on experiences that don't happen more demoralizing than wasting money on goods that are not used. Yes, because the goods can always be returned or given to someone who w...
by indexonlyplease
Tue Sep 19, 2017 8:13 am
Forum: Investing - Help with Personal Investments
Topic: Bond return negative. CD or money market alternative.
Replies: 30
Views: 3400

Re: Bond return negative. CD or money market alternative.

OP, My AA is 60/40 including my emergency fund. My year to date return for my portfolio is 8.96%. So, why should I care the individual piece inside my portfolio? It is the portfolio return that is the important part. Yes, I am buying the total bond fund and intermediate term treasury with my new mo...
by indexonlyplease
Tue Sep 19, 2017 7:50 am
Forum: Investing - Help with Personal Investments
Topic: Invest in CDs rather than bonds
Replies: 9
Views: 1209

Re: Invest in CDs rather than bonds

P. P. S. You say "no fees" for the bank CD. Are you sure? I once had a bank try to charge me a $20 fee for cashing in a CD at maturity rather than rolling it over. I charged into the bank waving the thing they'd mailed me and made a fuss about it and they waived the fee in order to get rid of me, b...
by indexonlyplease
Tue Sep 19, 2017 7:34 am
Forum: Personal Consumer Issues
Topic: Convertible in Florida or not...
Replies: 38
Views: 2565

Re: Convertible in Florida or not...

I live in South Florida and could not immagine owning a convertble. It is way to hot to even think about putting downn the top. I have friends with convertibles and they only purchased them because they like the way the car looks. Maybe in January, February you can put the top down at night time. So...
by indexonlyplease
Tue Sep 19, 2017 7:24 am
Forum: Investing - Help with Personal Investments
Topic: Take The Lump Sum or The Immediate Annuity?
Replies: 34
Views: 3362

Re: Take The Lump Sum or The Immediate Annuity?

I have to make a decision shortly to take my pension plan as a lump sum of $197,800 or an immediate annuity for myself of $1,170/mo. Looking at Vanguard's annuity calculator they offer $1,085/mo. I'm 65 in good health, married to a 60 wife, no children, both retired and taking social security at 70...
by indexonlyplease
Tue Sep 19, 2017 7:05 am
Forum: Investing - Help with Personal Investments
Topic: Nationwide 457 plan changes
Replies: 19
Views: 1655

Re: Nationwide 457 plan changes

I just looked at my statements online for the last 3 months. What I noticed now is they are taking the .08% each month. In the pass I believe this was hidden in the funds. Nationwide must of been getting a cut of the er fees. Now with all index funds and lots of Vanguard there is now room in the er...
by indexonlyplease
Mon Sep 18, 2017 9:51 am
Forum: Personal Finance (Not Investing)
Topic: What is FI if you love your job? [Financial Independence]
Replies: 68
Views: 5957

Re: What is FI if you love your job? [Financial Independence]

Enjoying your job is a great benefit to being successful in life. So just invest, become debt free, travel and enjoy a long the way. Then in about 20 plus years you can make that decision. Things change along the way. In 20 plus years you may say to yourself I am FI and want to pursue my hobbies. Or...
by indexonlyplease
Mon Sep 18, 2017 5:45 am
Forum: Investing - Help with Personal Investments
Topic: Nationwide 457 plan changes
Replies: 19
Views: 1655

Re: Nationwide 457 plan changes

I just looked at my statements online for the last 3 months. What I noticed now is they are taking the .08% each month. In the pass I believe this was hidden in the funds. Nationwide must of been getting a cut of the er fees. Now with all index funds and lots of Vanguard there is now room in the er ...