Search found 1002 matches

by corn18
Sun Nov 11, 2018 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: [Financial] Habits of the Rich
Replies: 56
Views: 7006

Re: Habits of the Rich

My habits are easy. LBYM and a healthy dose of paranoia. The paranoia part drives me to prepare for the worst and never accept the status quo. That has lead me to what some would call luck. Lucky that I got that promotion. Lucky that I have survived many re-orgs and layoffs. I call it luck as well, ...
by corn18
Sun Nov 11, 2018 10:52 am
Forum: Investing - Theory, News & General
Topic: USAA getting out of mutual fund biz
Replies: 30
Views: 3643

Re: USAA getting out of mutual fund biz

I have USAA for insurance, which is great. I have USAA for banking, which is also great. And I have a USAA brockerage, which mostly holds commission-free Fidelity funds. I don’t see any reason to change any of that. This is me as well. For some reason, I always get the best rates for insurance from...
by corn18
Thu Nov 08, 2018 9:12 am
Forum: Personal Finance (Not Investing)
Topic: How to plan for bonus without knowing amount?
Replies: 32
Views: 1852

Re: How to plan for bonus without knowing amount?

When I retired from the military 10 years ago and started working in a civilian job where I get bonuses and RSU's, we would spend them. We tried to plan the amount and like you, got all mixed up and spent way more than we should. In 2013, we made a commitment to reduce expenses and wean ourselves of...
by corn18
Tue Nov 06, 2018 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: USAA credit card
Replies: 22
Views: 1664

Re: USAA credit card

A.) What makes you think USAA is devaluing their 2.5% card? B.) If you don't spend anyting on travel, how do you redeem for travel purchases? I"m assuming this is directed to me. A - What makes you think they won't? They've already stopped offering this reward structure on new credit card accounts,...
by corn18
Tue Nov 06, 2018 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Are we in trouble?
Replies: 106
Views: 12542

Re: Are we in trouble?

High is relative, right? My property taxes in OH are 2%. My property taxes in TX are 2.3%. So going from OH to TX costs me 0.3% on a $700k house ($600k with the homestead exemption). But I am taking home $40k more because of no state or local income tax. Net net, that is $38,200 more take home pay. ...
by corn18
Mon Nov 05, 2018 7:54 pm
Forum: Investing - Theory, News & General
Topic: Do people calculate savings rate on gross income?
Replies: 118
Views: 7201

Re: Do people calculate savings rate on gross income?

I can calculate it 9 ways to Sunday and none of it means anything to me. I need $2M in the bank with a paid off house and then I can retire. I'm 52 so maybe I would care about % savings at 22. I'm old enough to not have to care.
by corn18
Mon Nov 05, 2018 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: Are we in trouble?
Replies: 106
Views: 12542

Re: Are we in trouble?

milestogo2 wrote:
Mon Nov 05, 2018 7:12 pm
i don't understand the formula "need 20 times the income by age 65". maybe it applies to average incomes but not high incomes. I am positive we dont need 7 million to retire by 65.
You are correct. We make $700k year and we need $2M to retire very comfortably at age 55 (3 years from now).
by corn18
Mon Nov 05, 2018 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Are we in trouble?
Replies: 106
Views: 12542

Re: Are we in trouble?

Howdy fellow future Texan! We are relocating from OH to the DFW area. Not sure if you are in trouble or not. But what helped me determine if the world would end was my "You lost your job" spreadsheet. I assume a job loss in Jan 2019. How long can I last? Step 1: Price the OH house to sell immediatel...
by corn18
Thu Nov 01, 2018 9:36 am
Forum: Investing - Help with Personal Investments
Topic: How do I find an investment strategy?
Replies: 16
Views: 1145

Re: How do I find an investment strategy?

Here's mine. It has kept me from doing stupid things many times. Objective: $XXM in retirement savings by age 55 (2021). Asset Allocation (AA): 60% stocks / 40% bonds with 25% of stocks international Rebalance when AA gets outside of 5% or annually Invest in very low cost index funds Do backdoor Rot...
by corn18
Tue Oct 30, 2018 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Am I doing well financially?
Replies: 162
Views: 12458

Re: Am I doing well financially?

HomerJ, The problem is in a recession, everything goes to hell at the same time. And, a recession occurred regularly in this country. We are long overdue for the next recession. There is at least one US recession every 10 years since 1836. The last recession was 2008/2009. KlangFool Seems like we a...
by corn18
Mon Oct 29, 2018 9:32 pm
Forum: Investing - Theory, News & General
Topic: 401k down 8% this month
Replies: 58
Views: 6757

Re: 401k down 8% this month

My 401k contributions YTD are still bigger than any drops in my 401k, so it all looks good to me. I put in $60k this year and it's where I keep most of my bond allocation, so maybe it's doing ok. Taxable might be taking a hit but I pulled a boatload out for a house downpayment at the beginning of Oc...
by corn18
Sun Oct 28, 2018 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Am I doing well financially?
Replies: 162
Views: 12458

Re: Am I doing well financially?

OP, I hope you will seriously consider spending less. In 2013, I was making about what you are now and had a negative net worth and negative monthly cash flow. Read a book called The Millionaire Next Door and that changed our outlook on money. We made a commitment to live off my base salary alone an...
by corn18
Sun Oct 28, 2018 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Am I doing well financially?
Replies: 162
Views: 12458

Re: Am I doing well financially?

Seems like you aren't saving enough for that high of a salary. Live off of one base salary and save the rest. That will get you to $1M really fast and then you can reevaluate.
by corn18
Sun Oct 28, 2018 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: First time home buying questions
Replies: 11
Views: 978

Re: First time home buying questions

Should you consider renting?
by corn18
Sun Oct 28, 2018 11:27 am
Forum: Personal Consumer Issues
Topic: PSA: Don't buy a big house
Replies: 248
Views: 25492

Re: PSA: Don't buy a big house

We're still in the middle of buying a house in the DFW area. Our offer on the 5,800 sq ft home built in 1998 fell through after the inspection revealed multiple issues that I didn't feel like fixing (roof leaks, drainage, plumbing). Beautiful home and probably a true mcmansion. We found a spec home ...
by corn18
Wed Oct 24, 2018 8:10 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7807
Views: 1602972

Re: U.S. stocks in freefall

ruralavalon wrote:
Wed Oct 24, 2018 10:31 am
But string theory is so bogus :wink:
You're not one of those loop quantum gravity zealots are you? :mrgreen:
by corn18
Tue Oct 23, 2018 8:00 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7807
Views: 1602972

Re: U.S. stocks in freefall

I ran all of the historical and future data through my Illudium Q-36 Explosive Space Modulator using the latest string theory to unify growth and value (see footnote). This is what the data predict the market will do over the next millennia: http://www.scipy-lectures.org/_images/plot_scatter_ex_1.pn...
by corn18
Tue Oct 23, 2018 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: NQDC versus after-tax 401(k) investment priority
Replies: 11
Views: 656

Re: NQDC versus after-tax 401(k) investment priority

Does your NQDC plan have a match? If not, I would prioritize the after tax 401k contributions before starting the NQDC. It does not. I can put a small amount in it and still get the match. I can also put bonus compensation in there without affecting the match. In all scenarios I will get the full m...
by corn18
Tue Oct 23, 2018 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: NQDC versus after-tax 401(k) investment priority
Replies: 11
Views: 656

Re: NQDC versus after-tax 401(k) investment priority

Does your NQDC plan have a match?

If not, I would prioritize the after tax 401k contributions before starting the NQDC.
by corn18
Tue Oct 23, 2018 9:17 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7807
Views: 1602972

Re: U.S. stocks in freefall

I guess I was lucky when I pulled $200k out of the market for a house downpayment 2 weeks ago. Not sure whether to be happy or sad.
by corn18
Tue Oct 23, 2018 3:33 am
Forum: Personal Consumer Issues
Topic: High End Wrist Watches (Gone Crazy)
Replies: 254
Views: 30152

Re: High End Wrist Watches (Gone Crazy)

This is my latest pursuit:

Image

It's a WWII Luftwaffe navigation watch. It's big @ 55mm so they could read it while flying. Great connection for me to my flying days.
by corn18
Mon Oct 22, 2018 8:20 pm
Forum: Personal Consumer Issues
Topic: High End Wrist Watches (Gone Crazy)
Replies: 254
Views: 30152

Re: High End Wrist Watches (Gone Crazy)

Just curious, do you wear your expensive watches on a daily basis? Some minor scratches on the bracelet/case seem to be inevitable, and I assume it will negatively affect the value of the watch. Minor scratche don't have a big impact on the value of those watches. What will kill the value is sendin...
by corn18
Mon Oct 22, 2018 3:40 pm
Forum: Personal Consumer Issues
Topic: PSA: Don't buy a big house
Replies: 248
Views: 25492

Re: PSA: Don't buy a big house

We are moving from OH to the Dallas area. Our OH home is 4,100 sq ft, 1,100 of which is a finished basement. We loved it with the kids. The entertainment level is perfect. Bedrooms are upstairs. Basement was for the kids, workout room and laundry room. Now we are empty nesters and looking in the So...
by corn18
Mon Oct 22, 2018 2:35 pm
Forum: Personal Consumer Issues
Topic: PSA: Don't buy a big house
Replies: 248
Views: 25492

Re: PSA: Don't buy a big house

We are moving from OH to the Dallas area. Our OH home is 4,100 sq ft, 1,100 of which is a finished basement. We loved it with the kids. The entertainment level is perfect. Bedrooms are upstairs. Basement was for the kids, workout room and laundry room. Now we are empty nesters and looking in the Sou...
by corn18
Sun Oct 21, 2018 10:56 am
Forum: Personal Finance (Not Investing)
Topic: 8 reasons why pensions are [good]
Replies: 67
Views: 5615

Re: 8 reasons why pensions are [good]

The [good --admin LadyGeek] of my military pension is the COLA and gov't backed. But I get way more [good --admin LadyGeek] when I plan my healthcare and know that I have a no cost health care plan until 65 and then a free medigap plan after that. Worth as much as the pension.
by corn18
Fri Oct 19, 2018 11:40 am
Forum: Personal Consumer Issues
Topic: High End Wrist Watches (Gone Crazy)
Replies: 254
Views: 30152

Re: High End Wrist Watches (Gone Crazy)

I love watches, but I am too cheap to pay out of my pocked to buy an expensive watch. I have a Tissot (wedding present from in laws) and a solar-Casio that I rotate and wear everyday. My dad gave me a omega as a graduation present that I don't wear since it is a gold watch. From your collection I l...
by corn18
Fri Oct 19, 2018 2:36 am
Forum: Personal Consumer Issues
Topic: High End Wrist Watches (Gone Crazy)
Replies: 254
Views: 30152

Re: High End Wrist Watches (Gone Crazy)

Momus wrote:
Fri Oct 19, 2018 2:15 am
Inserting obligatory comment #127. No one needs a watch. It's just another piece of jewelry/thing you have to worry/wear. I keep track of time with my smart phone.
No one needs a smartphone either.
by corn18
Thu Oct 18, 2018 9:27 pm
Forum: Personal Consumer Issues
Topic: High End Wrist Watches (Gone Crazy)
Replies: 254
Views: 30152

Re: IWC Watch, any thoughts?

What does spending more on a watch get you? High quality materials, such as precious metals. Higher durability. Higher level of precision of the time-keeping mechanism. (Though this only applies to mechanical watches, since the highest precision is actually found in Quartz watches, which are dirt c...
by corn18
Thu Oct 18, 2018 5:48 pm
Forum: Personal Consumer Issues
Topic: High End Wrist Watches (Gone Crazy)
Replies: 254
Views: 30152

Re: High End Wrist Watches (Gone Crazy)

Folks with automatic watches that use watch-winders: Do you simply buy whatever looks okay to you on Amazon or is there something specific that you like? My 5-year-old winder stopped working so looking to get another one (I think I paid $40 for it on Amazon so feel I got my money's worth - but that...
by corn18
Thu Oct 18, 2018 1:09 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7807
Views: 1602972

Re: U.S. stocks in freefall

Another big drop incoming it seems! I kinda wanna take out money from my EF and buy more VTSAX today... I am a new investor (only since last October) and don't know if this is wise... Do what your IPS tells you to do. My IPS is boring. On the other hand, my crystal ball says that the near future wi...
by corn18
Wed Oct 17, 2018 8:54 pm
Forum: Personal Consumer Issues
Topic: High End Wrist Watches (Gone Crazy)
Replies: 254
Views: 30152

Re: High End Wrist Watches (Gone Crazy)

"I don't know anything about fine watches." So why on Earth, would you want to spend so much on one? Sorry, this makes zero sense to me. Now if you were really into watches, and knew a lot about them, I might start to understand. Between that original post and today, I learned a lot and enjoyed wea...
by corn18
Wed Oct 17, 2018 12:08 pm
Forum: Investing - Help with Personal Investments
Topic: Wash sale question: selling new and old shares
Replies: 9
Views: 317

Re: Wash sale question: selling new and old shares

As an interesting note, I also have FSIVX that I bought on 4 Oct and 5 Oct (two different buys). I have to wait 30 days on those. If I sold them now, it would be a wash as one could be considered a replacement for the other. But I don't need to sell them now. I'll probably TLH them after 30 days, th...
by corn18
Wed Oct 17, 2018 12:02 pm
Forum: Investing - Help with Personal Investments
Topic: Wash sale question: selling new and old shares
Replies: 9
Views: 317

Re: Wash sale question: selling new and old shares

iceport wrote:
Wed Oct 17, 2018 11:58 am
rkhusky is correct. See Example 4 in this article from a tax expert: Wash Sales and Replacement Stock
Hmmm.... that makes sense. I am not buying any replacement shares. I am selling additional shares, but that is different.

Thanks!
by corn18
Wed Oct 17, 2018 11:43 am
Forum: Investing - Help with Personal Investments
Topic: Wash sale question: selling new and old shares
Replies: 9
Views: 317

Re: Wash sale question: selling new and old shares

rkhusky wrote:
Wed Oct 17, 2018 11:39 am
corn18 wrote:
Wed Oct 17, 2018 11:32 am
Apologies for replying to mown thread.

USAA says that if I sell the lot I bought 4 Oct 18, it is a wash sale, so no offset of ST gains if I sell more.

Guess I will just wait until 6 November and sell then.
So, you bought shares on Oct 4 and Oct 5?
Typo, sorry, just 5 Oct 18.
by corn18
Wed Oct 17, 2018 11:32 am
Forum: Investing - Help with Personal Investments
Topic: Wash sale question: selling new and old shares
Replies: 9
Views: 317

Re: Wash sale question: selling new and old shares

Apologies for replying to mown thread.

USAA says that if I sell the lot I bought 4 Oct 18, it is a wash sale, so no offset of ST gains if I sell more.

Guess I will just wait until 6 November and sell then.
by corn18
Wed Oct 17, 2018 11:06 am
Forum: Investing - Help with Personal Investments
Topic: Wash sale question: selling new and old shares
Replies: 9
Views: 317

Wash sale question: selling new and old shares

I bought FSTVX (FIDELITY TOTAL MKT INDEX PREMIUM CLASS) on 5 Oct 2018 that has a short term loss. I also bought some in Feb of this year that has a short term gain. I need to sell FSTVX to fund a downpayment. If I sell the lot I bought on 5 Oct (<30 days) and the lot I bought in Feb 2018, will the 5...
by corn18
Thu Oct 11, 2018 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage vs. Cash
Replies: 28
Views: 2267

Re: Mortgage vs. Cash

OP: I would look at a very large down payment such that you can/could easily afford the mortgage payment if one of you is not working or your income is severely reduced (as you note that it might be). Invest the rest. This is a nice option that I like. Then the mortgage becomes a callable option. Y...
by corn18
Thu Oct 11, 2018 4:56 am
Forum: Investing - Help with Personal Investments
Topic: Calculating amount needed for SS bridge
Replies: 50
Views: 3045

Re: Calculating amount needed for SS bridge

...I bridged from age 62 to 70. I made sure I had say about 5 or 6 years worth of needed bridge funding set aside. I would supplement that as the years went by from taxable distributions, tax returns etc. and found that worked for me. A few years in my wife's took SS which lowered our gap, then lat...
by corn18
Wed Oct 10, 2018 4:14 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7807
Views: 1602972

Re: U.S. stocks in freefall

Bought 100K£ worth of European small cap before the LSE closed; will put another 100K tomorrow morning in US stocks (unfortunately the stock exchange is closed here). I see it as buying stocks on sale! :moneybag :moneybag :moneybag :moneybag :moneybag :sharebeer How much of this cash did you have o...
by corn18
Wed Oct 10, 2018 10:37 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7807
Views: 1602972

Re: U.S. stocks in freefall

Well, a drop this big will get me back to my target AA, so there's that. Yeah?
by corn18
Wed Oct 10, 2018 4:38 am
Forum: Investing - Help with Personal Investments
Topic: Do Bonds Go in Taxable?
Replies: 71
Views: 6686

Re: Do Bonds Go in Taxable?

This is my AA across accounts: Taxable 88% / 6% / 6% 401k/TSP 28% / 72% / 0% Roth 100% / 0% / 0% I a 52, plan to retire at 55/56. If the rule of 55 did not exist, I might be hold more bonds in taxable, but otherwise I am happy with a few munis and some cash in my taxable account. I use my taxable ac...
by corn18
Tue Oct 09, 2018 9:09 pm
Forum: Investing - Help with Personal Investments
Topic: Calculating amount needed for SS bridge
Replies: 50
Views: 3045

Re: Calculating amount needed for SS bridge

corn18 wrote COLA Pension = $45,000 / yr SS @ 70 = $54,000 / yr $810K for a bridge is a lot of money. I've thought about this for myself and considered reducing the bridge to $30,000/yr * 15 yr = 450K. That gives you $30K + $45K = $75K / year base and then fund the additional $23K ($98K - $75K) usi...
by corn18
Tue Oct 09, 2018 7:35 pm
Forum: Investing - Help with Personal Investments
Topic: Calculating amount needed for SS bridge
Replies: 50
Views: 3045

Re: Calculating amount needed for SS bridge

Another option could be an immediate annuity. $650k investment, 15 year, period certain, with CPI COLA would give you ~$54k/year For bridge amount, I would assume 0% real return i.e. my return would just keep up with inflation. Investing in an annuity would reduce the size of the bridge amount but ...
by corn18
Tue Oct 09, 2018 7:20 pm
Forum: Investing - Help with Personal Investments
Topic: Calculating amount needed for SS bridge
Replies: 50
Views: 3045

Re: Calculating amount needed for SS bridge

Another option could be an immediate annuity. $650k investment, 15 year, period certain, with CPI COLA would give you ~$54k/year where? I believe that only Principle still writes an SPIA with true COLA. I do not know if they will write it as 15 year date certain. immediate annuities shows a NON COL...
by corn18
Tue Oct 09, 2018 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: Calculating amount needed for SS bridge
Replies: 50
Views: 3045

Re: Calculating amount needed for SS bridge

blastoff wrote:
Tue Oct 09, 2018 6:51 pm
Are you retired now or plan to retire soon?
I retired from the Navy in 2008 and went to megacorp. 52, now, might retire (for good) at 55 or 56.
by corn18
Tue Oct 09, 2018 6:33 pm
Forum: Investing - Help with Personal Investments
Topic: Calculating amount needed for SS bridge
Replies: 50
Views: 3045

Re: Calculating amount needed for SS bridge

CRTR wrote:
Tue Oct 09, 2018 6:29 pm
For $660K, you can get a 15 year, period certain, immediate annuity that will pay $4500/month, with COL increases indexed to CPI
Dang, that's a 2.7% real rate, if my math is correct. I hadn't thought of annuatizing the bridge, but maybe I should.
by corn18
Tue Oct 09, 2018 6:26 pm
Forum: Investing - Help with Personal Investments
Topic: Calculating amount needed for SS bridge
Replies: 50
Views: 3045

Re: Calculating amount needed for SS bridge

Use the SEC Yield of a 20 yr TIPS as your discount rate. Today it's 1.11%. Here's an article that explains why: https://obliviousinvestor.com/claiming-social-security-early-to-invest-it-what-rate-of-return-discount-rate-should-we-assume/ Are you going to exchange a portion of your portfolio for a T...
by corn18
Tue Oct 09, 2018 5:43 pm
Forum: Investing - Help with Personal Investments
Topic: Calculating amount needed for SS bridge
Replies: 50
Views: 3045

Re: Calculating amount needed for SS bridge

I am planning to bridge SS from 55 to 70. My SS @ 70 will be $54,000 in 2018 dollars. In my spreadsheet right now, I simply multiply $54,000 x 15 years to get my bridge amount of $810,000. I don't think I understand the point. You cannot collect $54,000 at age 55 (or 62 or 67). Is that the amount o...
by corn18
Tue Oct 09, 2018 5:39 pm
Forum: Investing - Help with Personal Investments
Topic: Calculating amount needed for SS bridge
Replies: 50
Views: 3045

Re: Calculating amount needed for SS bridge

Silk McCue wrote:
Tue Oct 09, 2018 5:36 pm
I don’t believe it’s possible to get $54k in 2018 dollars for a maxed out Social Security benefit at age 70. I think the current max at age 70 is $3698 per month, or $44,376 per year.

You might want to recheck your numbers.

Cheers
Sorry, forgot to say this includes spousal benefits.
by corn18
Tue Oct 09, 2018 5:39 pm
Forum: Investing - Help with Personal Investments
Topic: Calculating amount needed for SS bridge
Replies: 50
Views: 3045

Re: Calculating amount needed for SS bridge

I am planning to bridge SS from 55 to 70. My SS @ 70 will be $54,000 in 2018 dollars. In my spreadsheet right now, I simply multiply $54,000 x 15 years to get my bridge amount of $810,000. I don't think I understand the point. You cannot collect $54,000 at age 55 (or 62 or 67). Is that the amount o...