Search found 1553 matches

by indexonlyplease
Sat Apr 06, 2019 7:15 am
Forum: Personal Investments
Topic: TDF plus 10% scv [Target Date Fund plus 10% Small Cap Value]
Replies: 1
Views: 136

TDF plus 10% scv [Target Date Fund plus 10% Small Cap Value]

I went over this with my son as a learning tool on Paul Merrimans site. Does anyone here believe or follow this or maybe doing this. In a Roth IRA with a TDF can adding 10% be a great value for a 22 year old. Is this worth the effort or is the answer "you can do this but won't know how you did until...
by indexonlyplease
Sat Apr 06, 2019 6:52 am
Forum: Personal Investments
Topic: International Question
Replies: 2
Views: 304

International Question

I think this is posted by can't find. Question: For someone that has decided on 20% of their stock portolio to be invested in international fund, what is the return. Meaning will 20% make a different compared to just being 100% in domestics. I believe both will decline equally in a bear market? For ...
by indexonlyplease
Fri Apr 05, 2019 10:06 am
Forum: Personal Investments
Topic: Retirement Asset Allocation Question
Replies: 18
Views: 1401

Re: Retirement Asset Allocation Question

As I was approaching retirement I thought 30/70 or 40/60 would be good. 30/70 is what Rick Ferri calls the "Center of Gravity" for a retiree. The Center Of Gravity For Retirees Is anyone here allocated 30/70 a la Rick Ferri's "new center of gravity?" Of course, I’m speaking about the average invest...
by indexonlyplease
Thu Apr 04, 2019 9:48 am
Forum: Personal Consumer Issues
Topic: Additional Costs for 3rd Child?
Replies: 74
Views: 2370

Re: Additional Costs for 3rd Child?

Our first child is a 2 y.o boy that has brought us a lot of joy. We are expecting our second child (another boy) later this year and have always thought 2 would be ideal for us. We will be more than grateful for two healthy kids. My wife was hoping for a daughter that she can do girly stuff with (s...
by indexonlyplease
Thu Apr 04, 2019 9:28 am
Forum: Personal Finance (Not Investing)
Topic: What is Financial Independence (FI) in the simplest terms?
Replies: 80
Views: 4849

Re: What is Financial Independence (FI) in the simplest terms?

You just pegged a number yourself - $40k! What if you realized your savings could only provide $10k a year? You would probably say you're not financially independent and would need to find some income somehow, even if some people do live on $10k a year. If 99% of us, for example, say $40k is what w...
by indexonlyplease
Thu Apr 04, 2019 9:10 am
Forum: Investing - Theory, News & General
Topic: Make sure your retirement investment plan includes being fired from your job in your 50s
Replies: 285
Views: 16698

Re: Make sure your retirement investment plan includes being fired from your job in your 50s

That's why I think you need to: Live debt Free and live below you income invest as much as possible Save as much as possible with a large emergency fund change your AA a long the way to more conservative Work 2 jobs while you are long to fast track the above. Most important keep educating yourself ...
by indexonlyplease
Thu Apr 04, 2019 9:02 am
Forum: Personal Finance (Not Investing)
Topic: What is Financial Independence (FI) in the simplest terms?
Replies: 80
Views: 4849

Re: What is Financial Independence (FI) in the simplest terms?

My idea was and still is: When you no longer need to work and can maintain the same lifestyle as you did when working . Also, it will not matter what the market does. You may want to work full or part time but you don't have to. So, working will be for fun. Not about the money. I cant' understand t...
by indexonlyplease
Thu Apr 04, 2019 8:59 am
Forum: Personal Finance (Not Investing)
Topic: What is Financial Independence (FI) in the simplest terms?
Replies: 80
Views: 4849

Re: What is Financial Independence (FI) in the simplest terms?

MnD wrote:
Wed Apr 03, 2019 11:35 pm
indexonlyplease wrote:
Tue Apr 02, 2019 1:32 pm
When you no longer need to work and can maintain the same lifestyle as you did when working.
This by personal experience.
If you are asking yes. Living it now for almost 3 years. But I have worked part time for 3 months then another 8 months for the fun of it. But now not working again.
by indexonlyplease
Tue Apr 02, 2019 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: What is Financial Independence (FI) in the simplest terms?
Replies: 80
Views: 4849

Re: What is Financial Independence (FI) in the simplest terms?

My idea was and still is: When you no longer need to work and can maintain the same lifestyle as you did when working. Also, it will not matter what the market does. You may want to work full or part time but you don't have to. So, working will be for fun. Not about the money. I cant' understand the...
by indexonlyplease
Tue Apr 02, 2019 1:26 pm
Forum: Personal Consumer Issues
Topic: Want to see a concert! Ideas?
Replies: 50
Views: 2599

Re: Want to see a concert! Ideas?

My wife and I are "old" :) I think I would like to see one of the large arena concerts (Capital One arena - where they have NBA Basketball and NHL Hockey) - but want an idea of what they might be like. The two I see schedule for 2019 are Jennifer Lopez and later, Carrie Underwood. Feedback? For tho...
by indexonlyplease
Tue Apr 02, 2019 9:44 am
Forum: Investing - Theory, News & General
Topic: Make sure your retirement investment plan includes being fired from your job in your 50s
Replies: 285
Views: 16698

Re: Make sure your retirement investment plan includes being fired from your job in your 50s

That's why I think you need to: Live debt Free and live below you income invest as much as possible Save as much as possible with a large emergency fund change your AA a long the way to more conservative Work 2 jobs while you are long to fast track the above. Most important keep educating yourself t...
by indexonlyplease
Tue Apr 02, 2019 9:35 am
Forum: Investing - Theory, News & General
Topic: Which Vanguard Dividend Fund to pick?
Replies: 47
Views: 3467

Re: Which Vanguard Dividend Fund to pick?

I also believe I would of been better of investing in a target dated fund 30 plus years ago and then just fund the plan. Then do the same in my Roth IRA. I don't think there were target date funds (or Roths) 30 years ago :wink: . Our investing history is just over 20 years and did not have target d...
by indexonlyplease
Tue Apr 02, 2019 8:50 am
Forum: Investing - Theory, News & General
Topic: IF we enter a financial crisis in the future, how are you going to adjust?
Replies: 57
Views: 3766

Re: IF we enter a financial crisis in the future, how are you going to adjust?

There are no longer "normal" interest rates. All currencies are merely fiat faith based paper. Many pensions will not meet their obligations in the future. Where did you get this information? Has there ever been another period in US history when rates were near these same levels? We just left an ei...
by indexonlyplease
Tue Apr 02, 2019 8:36 am
Forum: Investing - Theory, News & General
Topic: IF we enter a financial crisis in the future, how are you going to adjust?
Replies: 57
Views: 3766

Re: IF we enter a financial crisis in the future, how are you going to adjust?

The best you can do if you are worried is reduce the stocks in your AA. Live debt free and live way under your income. Also have a large emergency fund. what else can you do. I would say one more is keep educatiing your self. In the last financial crisis look at who was hurt the most. My experience ...
by indexonlyplease
Tue Apr 02, 2019 8:09 am
Forum: Investing - Theory, News & General
Topic: Which Vanguard Dividend Fund to pick?
Replies: 47
Views: 3467

Re: Which Vanguard Dividend Fund to pick?

I think the problem that we get forget is what investing is really about. Us that have been investing for 30 plus years and have made many mistakes understand setting a simple portfolio with the correct AA and keeping it long term may be the best we can do. Moving to other funds beause we think will...
by indexonlyplease
Tue Apr 02, 2019 7:53 am
Forum: Personal Consumer Issues
Topic: Better elementary school - switch soon or wait
Replies: 29
Views: 1569

Re: Better elementary school - switch soon or wait

My oldest daughter is in Kindergarten and often impresses people with how sharp she is. Kindergarten has been great for her socially but her current school doesn't get the best ratings and has a large variation in performance. We love where we live but the next district over has much better ratings...
by indexonlyplease
Tue Apr 02, 2019 7:23 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Performance Of State Pension Plans
Replies: 46
Views: 4894

Re: Larry Swedroe: Performance Of State Pension Plans

Thank You Florida pension. 6 years ago Gov. Rick Scott twicked the pension system to new employees. Increased years required to work to get penison and took away the COLA and also increase contributions to pension. Also reduced drop interest to 1.25%. So, the pension board realized something had to ...
by indexonlyplease
Tue Apr 02, 2019 6:51 am
Forum: Personal Consumer Issues
Topic: Dealing with craigslist scammers
Replies: 22
Views: 1846

Re: Dealing with craigslist scammers

From time to time I sell things on craigslist. Usually, they are smaller items, but this time a storage unit for a garage. One that might require movers for $200 bucks or so. I seem to have struck the holy grail for this check fronting scheme where I've received 4 offers already for people who want...
by indexonlyplease
Mon Apr 01, 2019 6:54 pm
Forum: Investing - Theory, News & General
Topic: What accounts do you have for your kids?
Replies: 27
Views: 1740

Re: What accounts do you have for your kids?

My 2 kids now 19 and 22 both had saving accounts and UTMA accounts. I invested every month into their UTMA. Now as adults they also have checking accounts and debt cards. No credit cards. Can only spend what’s in their account. Both work part time while in college full time. So now we are able to mo...
by indexonlyplease
Mon Apr 01, 2019 4:05 pm
Forum: Personal Investments
Topic: Roth conversion
Replies: 44
Views: 3671

Re: Roth conversion

Depending on how far out you're thinking, converting to Roth can be a killer estate planning move . Roth funds aren't subject to RMDs and retain their tax-free status indefinitely. I'm not an expert in that area, but it might be something to think about. Why a killer estate planning move? Roth 401k...
by indexonlyplease
Mon Apr 01, 2019 4:02 pm
Forum: Personal Investments
Topic: Vanguard Prime Money Market fund
Replies: 22
Views: 2952

Re: Vanguard Prime Money Market fund

I like keeping large amounts of cash that is easy to get to. So it's almost paying 2.4% better than all other equal investments. Also, keeping over 100k in the fund now. So, I just maxed my Roth IRA's with the money in the funds. I will also start using that money this year to pay taxes on my Roth I...
by indexonlyplease
Mon Apr 01, 2019 3:49 pm
Forum: Personal Investments
Topic: Roth conversion
Replies: 44
Views: 3671

Re: Roth conversion

I must be the odd duck that doesn't wish to part with any after-tax funds to pay taxes. I am driving my IRA down as fast as I can, prior to IRMAA and SS and RMD.... so the next several years, I am doing Roth conversions and IRA withdrawals for Tax withholding in December to cover 99% of my federal ...
by indexonlyplease
Mon Apr 01, 2019 3:43 pm
Forum: Personal Investments
Topic: Roth conversion
Replies: 44
Views: 3671

Re: Roth conversion

Salmonid wrote:
Fri Mar 29, 2019 3:35 pm
Depending on how far out you're thinking, converting to Roth can be a killer estate planning move. Roth funds aren't subject to RMDs and retain their tax-free status indefinitely. I'm not an expert in that area, but it might be something to think about.
Why a killer estate planning move?
by indexonlyplease
Mon Apr 01, 2019 7:26 am
Forum: Personal Finance (Not Investing)
Topic: Should I Refinance Mortgage? Currently at 4.75%
Replies: 21
Views: 2140

Re: Should I Refinance Mortgage? Currently at 4.75%

Forget the refi. Just pay the loan off in 15 years. Have the loan company set up an amortizations chart for you. If the rates drop again after you refi will you refi again?
by indexonlyplease
Mon Apr 01, 2019 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Should I Refinance Mortgage? Currently at 4.75%
Replies: 21
Views: 2140

Re: Should I Refinance Mortgage? Currently at 4.75%

That’s a good spread. Those rates are below their listed rates as well. I’m surprised Jumbo’s are lower than conforming. This is the WF listed rates since the Fed rate announcements and remains the same today: https://www.wellsfargo.com/mortgage/rates/ . WF has given favors treatment of jumbos for ...
by indexonlyplease
Mon Apr 01, 2019 6:35 am
Forum: Personal Finance (Not Investing)
Topic: How can I get a handle on income taxes in retirement?
Replies: 33
Views: 2990

Re: How can I get a handle on income taxes in retirement?

You are making this difficult. What you spend now to live on is what you will spend in the future. Munis any debt you have. If you can afford to live the lifestyle you have now why not continue this same lifestyle in retirment. Why does it have to change if you can afford it. I retired with the same...
by indexonlyplease
Mon Apr 01, 2019 6:28 am
Forum: Non-US Investing
Topic: Your opinion on debt?
Replies: 111
Views: 6806

Re: Your opinion on debt?

I will never understand how people hate car payments but they are ok with a 30 plus year house loan. Why I say 30 plus years is because most people refinance their house loans. Paying off your house is like any other debt. It allows you to save on the interest of the loan and also take away the risk...
by indexonlyplease
Sun Mar 31, 2019 4:56 pm
Forum: Personal Consumer Issues
Topic: "The best and worst U.S. states for retirement"
Replies: 275
Views: 26780

Re: "The best and worst U.S. states for retirement"

Nobody is average. My personal situation is different than the averages, and different than any individual making the same decision. I live in California because it is low cost and high quality for me . It might not be for someone else, especially if they aren’t already here. I’ve been to all of th...
by indexonlyplease
Sun Mar 31, 2019 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Paying "early" on mortgage may be unwise
Replies: 162
Views: 10921

Re: Paying "early" on mortgage may be unwise

Avoid worrying about making extra payments and just take a 15 year loan. Sure your payments will be higher but your loan will be paid off in 15 year. Plus the loans are always cheaper. None of us like payments, so the faster you get the house paid off the more you get to put towards retirement fund...
by indexonlyplease
Sun Mar 31, 2019 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Paying "early" on mortgage may be unwise
Replies: 162
Views: 10921

Re: Paying "early" on mortgage may be unwise

Of course Rick Eldelman or any advisosr would advise you invest first and keep the mortgage. Why beacuse they make money off your investments. I listen to Rick but I believe he charges 1.5-2% to invest with him. So who is he really helping? Anyway, on paper what he or you are saying sounds good if a...
by indexonlyplease
Sat Mar 30, 2019 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: How often do you check your net worth?
Replies: 257
Views: 14671

Re: How often do you check your net worth?

Here is a question: How to you decide what your really paid in taxes in percent? Since there are only certain amounts of dollar range that keep you in each income bracket. Married filing jointly 0%: $0 to $19,050 of taxable income 12%: $19,051 to $77,400 22%: $77,401 to $165,000 24%: $165,001 to $3...
by indexonlyplease
Sat Mar 30, 2019 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: How often do you check your net worth?
Replies: 257
Views: 14671

Re: How often do you check your net worth?

retiredjg wrote:
Sat Mar 30, 2019 5:41 pm
indexonlyplease wrote:
Sat Mar 30, 2019 5:32 pm
Here is a question.
Is your question directed to my comment? Or something else in the thread?
No but I will take the answer. I think I figured it out which is close to the amount on my tax form. I see you have to add up the dollar amounts in each bracket.
by indexonlyplease
Sat Mar 30, 2019 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: How often do you check your net worth?
Replies: 257
Views: 14671

Re: How often do you check your net worth?

Here is a question: How to you decide what your really paid in taxes in percent? Since there are only certain amounts of dollar range that keep you in each income bracket. Married filing jointly 0%: $0 to $19,050 of taxable income 12%: $19,051 to $77,400 22%: $77,401 to $165,000 24%: $165,001 to $31...
by indexonlyplease
Sat Mar 30, 2019 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: How often do you check your net worth?
Replies: 257
Views: 14671

Re: How often do you check your net worth?

Not when ones pension keeps them in the 22 percent bracket. Or someone that wants the same lifestyle as when they work. I can’t understand to work all your life or retire early to live in the zero percent bracket. Conceptually I understand what you are saying. And agree. Practically, however. There...
by indexonlyplease
Sat Mar 30, 2019 11:14 am
Forum: Personal Finance (Not Investing)
Topic: How often do you check your net worth?
Replies: 257
Views: 14671

Re: How often do you check your net worth?

Not when ones pension keeps them in the 22 percent bracket. Or someone that wants the same lifestyle as when they work. I can’t understand to work all your life or retire early to live in the zero percent bracket.
by indexonlyplease
Sat Mar 30, 2019 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Keeping a stash of vacation days as unemployment "insurance"
Replies: 70
Views: 5064

Re: Keeping a stash of vacation days as unemployment "insurance"

And no vacation. That’s one of the reasons you work.
by indexonlyplease
Sat Mar 30, 2019 9:23 am
Forum: Personal Finance (Not Investing)
Topic: How often do you check your net worth?
Replies: 257
Views: 14671

Re: How often do you check your net worth?

Personal Capital makes it easy, so often. I set up everything in Vanguards Portfolio Watch. I found this easy. What would be the difference in Personal Capital?? That might be OK if had a Vanguard account. But the last time I was on vanguard.com, the website appeared to be designed by 2.5 GPA "comp...
by indexonlyplease
Sat Mar 30, 2019 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Retirement: What expenses did you reduce?
Replies: 63
Views: 4225

Re: Retirement: What expenses did you reduce?

I don't think you reduce any expenses. You just move them to another area. Sure you don't pay FICA MICA tax, don't put money in the roth or 401k. But now you spend your money on more travel and travel better. Go out more for entertainment and lunches and dinners ect. So, I call this a good thing. Th...
by indexonlyplease
Sat Mar 30, 2019 8:05 am
Forum: Personal Finance (Not Investing)
Topic: How often do you check your net worth?
Replies: 257
Views: 14671

Re: How often do you check your net worth?

whodidntante wrote:
Sat Mar 30, 2019 8:03 am
Personal Capital makes it easy, so often.
I set up everything in Vanguards Portfolio Watch. I found this easy. What would be the difference in Personal Capital??
by indexonlyplease
Sat Mar 30, 2019 8:03 am
Forum: Personal Finance (Not Investing)
Topic: How often do you check your net worth?
Replies: 257
Views: 14671

Re: How often do you check your net worth?

Like my tax accountant told me what every you have deduct 25% for Uncle Sam. You then have your real value. Also, can't include the house because you need to live somewhere. It is not difficult, with moderate tax deferred balances, to have a plan which would include withdrawals being in the 0% tax ...
by indexonlyplease
Sat Mar 30, 2019 7:21 am
Forum: Investing - Theory, News & General
Topic: Vanguard Balanced Index (VBIAX) vs. Vanguard LifeStrategy Moderate Growth Fund (VSMGX)
Replies: 14
Views: 1489

Re: Vanguard Balanced Index (VBIAX) vs. Vanguard LifeStrategy Moderate Growth Fund (VSMGX)

I laugh how many worry about the little difference in the er% of different funds. Before most of us do this we should look our debt and see the interest we are paying.
by indexonlyplease
Sat Mar 30, 2019 7:15 am
Forum: Personal Finance (Not Investing)
Topic: How often do you check your net worth?
Replies: 257
Views: 14671

Re: How often do you check your net worth?

Net worth: close to never. House is paid off. Retired. No spreadsheets. Short of the zombie apocalypse (which will definitely happen, it's just that none of us know when), our financial machinery is boringly automatic and pretty bulletproof. I will admit I look at my Vanguard portfolio more than ne...
by indexonlyplease
Sat Mar 30, 2019 7:05 am
Forum: Personal Finance (Not Investing)
Topic: Paying "early" on mortgage may be unwise
Replies: 162
Views: 10921

Re: Paying "early" on mortgage may be unwise

Avoid worrying about making extra payments and just take a 15 year loan. Sure your payments will be higher but your loan will be paid off in 15 year. Plus the loans are always cheaper. None of us like payments, so the faster you get the house paid off the more you get to put towards retirement funds...
by indexonlyplease
Sat Mar 30, 2019 6:54 am
Forum: Personal Finance (Not Investing)
Topic: Primer on Paying Taxes With a Credit Card
Replies: 51
Views: 5944

Re: Primer on Paying Taxes With a Credit Card

This year I went online to pay my taxes owed which was $4500.00. After I put in the information I found the fee was I believe $86.00. I cancelled and send the check in the mail.
by indexonlyplease
Fri Mar 29, 2019 8:06 pm
Forum: Personal Investments
Topic: Roth IRA question
Replies: 16
Views: 1469

Re: Roth IRA question

For someone like me that will stay in the 22% tax bracket in retirement. Is there any negative to doing Roth conversions? No. Paying 22% now is the same as 22% later (assuming no phase outs or cliffs in other areas). In fact, paying 22% now is good if you believe that tax rates will revert to earli...
by indexonlyplease
Fri Mar 29, 2019 4:53 pm
Forum: Personal Investments
Topic: Roth IRA question
Replies: 16
Views: 1469

Re: Roth IRA question

For someone like me that will stay in the 22% tax bracket in retirement. Is there any negative to doing Roth conversions?
by indexonlyplease
Fri Mar 29, 2019 3:27 pm
Forum: Personal Investments
Topic: Roth conversion
Replies: 44
Views: 3671

Re: Roth conversion

If the growth and tax rate stays the same, they are identical. Transitive property of multiplication Just seems like you would make extra money on holding the taxes and gaining growth on the tax part also. But I have not done the math. I do see many other benefits to having your money in the Roth I...
by indexonlyplease
Fri Mar 29, 2019 7:36 am
Forum: Personal Finance (Not Investing)
Topic: 11-year old with iPhone - advice on how best to manage?
Replies: 68
Views: 4525

Re: 11-year old with iPhone - advice on how best to manage?

The problem with getting a kid a cell phone is it never ends. My daughter (36) and my son (33) are still on my plan. :shock: (For many plans the 3rd and 4th lines are cheap so it saved THEM a lot of money just staying on our plan). I understand this. I went to cut off my to adult kids from our plan...
by indexonlyplease
Fri Mar 29, 2019 7:29 am
Forum: Personal Finance (Not Investing)
Topic: Is our household budget crazy?
Replies: 141
Views: 11869

Re: Is our household budget crazy?

On grocery, shop at Aldi, it's a fraction of the Costco cost. Last week, I bought 12 24 packs of LaCroix for $1.99 ea, 12 lbs of boneless chicken thighs for $.89 a pound. blueberries were 1.29. avocados were expensive, at .89. frozen berries are always super cheap. I buy mountains of berries, nuts,...
by indexonlyplease
Fri Mar 29, 2019 7:27 am
Forum: Personal Finance (Not Investing)
Topic: Is our household budget crazy?
Replies: 141
Views: 11869

Re: Is our household budget crazy?

You have a huge income and you're spending like 25% of it. You don't have a reason to cut your budget, but if you really want to, I'm your man. I'm notoriously cheap. You have $250 in "uncategorized" while I'd flip out if I had $2.50 in "uncategorized." I track literally every cent. We cancelled Ne...