Search found 978 matches

by Brianmcg321
Mon Oct 05, 2020 12:31 pm
Forum: Personal Investments
Topic: 3 fund Portfolio is difficult
Replies: 14
Views: 1557

Re: 3 fund Portfolio is difficult

It all depends on your tax bracket and how much is actually in taxable accounts.

You don’t have to do it all in one trade. You can spread it out over a couple of years if you have a lot in a taxable account.

Any change in an IRA or 401k would not be a taxable event.
by Brianmcg321
Mon Oct 05, 2020 12:27 pm
Forum: Personal Consumer Issues
Topic: Buying a Tesla
Replies: 84
Views: 7552

Re: Buying a Tesla

Buy it.

If you don’t spend your money, someone else is going to.

Enjoy your Tesla. Go ahead and get the performance version.
by Brianmcg321
Mon Oct 05, 2020 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: 401k loan for finance and refinance
Replies: 6
Views: 330

Re: 401k loan for finance and refinance

No. That’s a terrible idea. Never borrow from your retirement accounts.
by Brianmcg321
Mon Oct 05, 2020 8:39 am
Forum: Personal Investments
Topic: Reccd Index in response to current economic outlook
Replies: 3
Views: 192

Re: Reccd Index in response to current economic outlook

VTSAX.

If the market declines, double your savings.
by Brianmcg321
Mon Oct 05, 2020 8:35 am
Forum: Personal Investments
Topic: All in S&P 500 & Ride the tide
Replies: 52
Views: 7170

Re: All in S&P 500 & Ride the tide

I’ve been 100% VTSAX for about 20 years. The only times I wasn’t was when I had a 401k that didn’t have vanguard funds. I did add some bonds at the beginning of this year, but have since gone back to 100% equities after March of this year. Will probably stay 100% for another 5-10 years. When I retir...
by Brianmcg321
Mon Oct 05, 2020 7:59 am
Forum: Personal Consumer Issues
Topic: Under Desk Exercise Bike
Replies: 4
Views: 550

Re: Under Desk Exercise Bike

Complete waste of money. Will end up in your garage all dusty.
by Brianmcg321
Sun Oct 04, 2020 12:54 pm
Forum: Personal Investments
Topic: What is your 529 AA?
Replies: 22
Views: 1412

Re: What is your 529 AA?

100% equities. 75% Vanguard total market. 25% total int.
by Brianmcg321
Sun Oct 04, 2020 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Closing a 529 college saving account
Replies: 2
Views: 413

Re: Closing a 529 college saving account

Yes, you will pay income tax and a 10% penalty.
by Brianmcg321
Sun Oct 04, 2020 6:50 am
Forum: Investing - Theory, News & General
Topic: Why not Real Estate instead of Stocks?
Replies: 187
Views: 13215

Re: Why not Real Estate instead of Stocks?

I already have a full time job.
by Brianmcg321
Sat Oct 03, 2020 2:45 pm
Forum: US Chapters
Topic: Retirement Class of 1998
Replies: 75
Views: 14006

Re: Retirement Class of 1998

Great read. Thanks for the insight. I think I will start one when I retire in 2028.
by Brianmcg321
Sat Oct 03, 2020 7:36 am
Forum: Personal Investments
Topic: Are financial advisors worth it?
Replies: 47
Views: 4222

Re: Are financial advisors worth it?

You don’t need an advisor necessarily.

If you just call Vanguard or Fidelity, they will handle all of the rollover/consolidation stuff for you.

Then just invest the money to your asset allocation.
by Brianmcg321
Fri Oct 02, 2020 2:47 pm
Forum: Personal Investments
Topic: 529 vs Taxable Account
Replies: 49
Views: 3602

Re: 529 vs Taxable Account

This is what my wife and I did. My daughter is now 11. We opened her 529 account when she was 2. So 9 years ago. A $3,000 deposit. We have averaged about $150 dollars a month. Some years more, some less. But the total deposits have been 22,500. Her account has grown to about $40k. We have decided to...
by Brianmcg321
Wed Sep 30, 2020 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: How well did you predict your income growth?
Replies: 52
Views: 3969

Re: How well did you predict your income growth?

I was way off. I'm making almost double what I thought I would ever make. I just show up every day and every year I keep getting that 4.5% raise. I've had two raises in that time that were almost 15%. The power of compounding and job security has been wonderful for my income. :moneybag :moneybag
by Brianmcg321
Wed Sep 30, 2020 7:43 am
Forum: Personal Investments
Topic: Should I buy TIPS in Roth if I think stocks and bonds are overpriced?
Replies: 17
Views: 1582

Re: Should I buy TIPS in Roth if I think stocks and bonds are overpriced?

You should pick a 3x inverse etf for you gambling portfolio if you think everything is overpriced.
by Brianmcg321
Wed Sep 30, 2020 7:17 am
Forum: Personal Finance (Not Investing)
Topic: Six Figure Student Debt
Replies: 84
Views: 6924

Re: Six Figure Student Debt

Nothing but bologna and cereal for four years and you put every available dime on this loan.
by Brianmcg321
Wed Sep 30, 2020 7:10 am
Forum: Personal Investments
Topic: Ready to execute my three fund portfolio plan, need advice :)
Replies: 16
Views: 1365

Re: Ready to execute my three fund portfolio plan, need advice :)

For a new account I would just be 100% VTSAX. Set up an auto invest from your bank account. When the account gets to six figures then you may want to add the other two funds.
by Brianmcg321
Tue Sep 29, 2020 9:45 pm
Forum: Investing - Theory, News & General
Topic: Vanguard is pushing Personal Advisory Services
Replies: 91
Views: 7420

Re: Vanguard is pushing Personal Advisory Services

I’ve noticed the larger my account gets, the more service they want to provide.
by Brianmcg321
Tue Sep 29, 2020 4:45 pm
Forum: Personal Investments
Topic: Can't contribute to VTSAX for 30 days?
Replies: 16
Views: 2058

Re: Can't contribute to VTSAX for 30 days?

Its a frequent trader warning. They don't like large inflows and outflows from any particular fund on a frequent basis. They would suggest buying ETFs to trade. I believe you can still set up a monthly deposit however.

I have received that message more than a few times this year.
by Brianmcg321
Tue Sep 29, 2020 2:48 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20353
Views: 2781507

Re: U.S. stocks in free fall

Sorry everyone. This was my fault. I changed my allocation away from bonds into more equities. I should have warned everyone.

:oops:
by Brianmcg321
Tue Sep 29, 2020 2:45 pm
Forum: Personal Consumer Issues
Topic: how do you make your home smell good?
Replies: 84
Views: 6795

Re: how do you make your home smell good?

Keep windows open as much as possible.
by Brianmcg321
Tue Sep 29, 2020 2:39 pm
Forum: Investing - Theory, News & General
Topic: Why invest in CDs instead of target retirement funds?
Replies: 43
Views: 3482

Re: Why invest in CDs instead of target retirement funds?

knightrider wrote: Tue Sep 29, 2020 2:31 pm
rkhusky wrote: Tue Sep 29, 2020 12:09 pm If you are in a high tax bracket, I would use Total Stock plus muni bonds, with some CD’s and Total Bond mixed in for diversification.
This sounds like one is still investing in bonds, so how is that different from a TR fund?
Municipal bonds are generally exempt from state and federal taxes.
by Brianmcg321
Tue Sep 29, 2020 2:04 pm
Forum: Personal Investments
Topic: 26 Y/O looking to invest for the long haul.
Replies: 4
Views: 450

Re: 26 Y/O looking to invest for the long haul.

If you like Jack Bogle you will love JL Collins. Highly suggest reading through his Stock Series.

VTSAX and chill. Or VTI and chill in your case.

https://jlcollinsnh.com/stock-series/
by Brianmcg321
Tue Sep 29, 2020 12:25 pm
Forum: Investing - Theory, News & General
Topic: Why invest in CDs instead of target retirement funds?
Replies: 43
Views: 3482

Re: Why invest in CDs instead of target retirement funds?

I would only keep money in CDs if it was for some reason to use in a year or two. All long term money is invested in VTSAX. In a year or two one could always sell your VTSAX for the funds you need, no? I would not use a target retirement fund in a taxable account. I would either use a total market ...
by Brianmcg321
Tue Sep 29, 2020 6:59 am
Forum: Personal Investments
Topic: Need help with Investment Advice and current plan review
Replies: 17
Views: 1087

Re: Need help with Investment Advice and current plan review

When did the market crash in 2015? I think at the heart of everything that you will need to get ahold of is your behavioral issues you have with investing. You will never hit your goals investing like you do. Pulling in and out of the market is just devastating to your returns and I’m sure extremely...
by Brianmcg321
Mon Sep 28, 2020 7:27 pm
Forum: Personal Investments
Topic: Investing order
Replies: 12
Views: 1134

Re: Investing order

Do your 401k and 403b have Roth versions?
by Brianmcg321
Mon Sep 28, 2020 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Which college costs calculator? Vanguards seems broken?
Replies: 4
Views: 362

Re: Which college costs calculator? Vanguards seems broken?

The 6% increase per year you used was probably the problem. Some colleges may have increased by that and some others may not have. As you get closer to their first year it gets more accurate. This is just a simple calculator based on assumptions. I would stop putting any money in those plans. Maybe ...
by Brianmcg321
Mon Sep 28, 2020 4:05 pm
Forum: Investing - Theory, News & General
Topic: Why invest in CDs instead of target retirement funds?
Replies: 43
Views: 3482

Re: Why invest in CDs instead of target retirement funds?

I would only keep money in CDs if it was for some reason to use in a year or two. All long term money is invested in VTSAX.

I would not use a target retirement fund in a taxable account. I would either use a total market or a tax managed balanced fund.
by Brianmcg321
Mon Sep 28, 2020 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Target store incident: fall/injury
Replies: 3
Views: 1018

Re: Target store incident: fall/injury

I've never received a shot of any kind standing up. That does seem strange and awkward. Glad he's ok.
by Brianmcg321
Mon Sep 28, 2020 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Friend on the verge of financial ruin, how to help?
Replies: 137
Views: 15704

Re: Friend on the verge of financial ruin, how to help?

The best help would be to buy them a copy of "The Total Money Makeover" and a copy of "Boundaries". TMM: https://www.amazon.com/Total-Money-Makeover-Classic-Financial/dp/1595555277/ref=sr_1_1?crid=27MXA8E6Q9B3G&dchild=1&keywords=the+total+money+makeover+by+dave+ramsey&qid=1601325808&sprefix=The+tota...
by Brianmcg321
Mon Sep 28, 2020 3:30 pm
Forum: Personal Investments
Topic: My Company Didn't Update my 401K Contribution Amount
Replies: 14
Views: 1317

Re: My Company Didn't Update my 401K Contribution Amount

I've had something similar happen but it was the opposite. I was contributing 15% into a traditional 401K. Then I changed it to 11% in a Roth 401k. I received my confirmation emails etc. Then on payday, my payroll department took out 11% for the Roth and 15% for the Traditional. LOL. I ended up havi...
by Brianmcg321
Mon Sep 28, 2020 3:24 pm
Forum: Personal Consumer Issues
Topic: Kindergartner who is 1-2 grade levels ahead but don’t want to skip a grade. Options?
Replies: 20
Views: 1338

Re: Kindergartner who is 1-2 grade levels ahead but don’t want to skip a grade. Options?

There is no reason to skip grades. The whole idea that this will some how get them ahead in life is a giant myth. Let them be a kid for as long as possible.
by Brianmcg321
Mon Sep 28, 2020 2:14 pm
Forum: Personal Consumer Issues
Topic: What Age Appropriate For STAR WARS?
Replies: 24
Views: 1124

Re: What Age Appropriate For STAR WARS?

When one of the newer Star Wars movies came out a few years ago, my wife asked me if she thought it would be appropriate to take my then 7 year old daughter: Wife: So what do you think, should I take her? Me: Absolutely not! Wife: Yeah, I was thinking it might be too much for her. Me: No, she hasn't...
by Brianmcg321
Sun Sep 27, 2020 1:16 pm
Forum: Personal Investments
Topic: 529 vs taxable
Replies: 4
Views: 386

Re: 529 vs taxable

Your information is incorrect.
by Brianmcg321
Sun Sep 27, 2020 11:42 am
Forum: Personal Investments
Topic: where to invest $100k if needed in 3 years?
Replies: 4
Views: 666

Re: where to invest $100k if needed in 3 years?

Bank savings account, or money market. Maybe a three year cd.
by Brianmcg321
Fri Sep 25, 2020 11:38 am
Forum: Personal Investments
Topic: Help with 401K Fund Allocation
Replies: 6
Views: 297

Re: Help with 401K Fund Allocation

The fidelity funds listed above or just use a target date fund. If this is a new 401k, I wouldn’t put any bonds in it until you hit six figures. Your deposits will act like the bond to buffer any downturns in the market. If I use the fidelity funds listed above and go with no bonds until I hit six ...
by Brianmcg321
Fri Sep 25, 2020 7:03 am
Forum: Personal Investments
Topic: Help with 401K Fund Allocation
Replies: 6
Views: 297

Re: Help with 401K Fund Allocation

The fidelity funds listed above or just use a target date fund.

If this is a new 401k, I wouldn’t put any bonds in it until you hit six figures. Your deposits will act like the bond to buffer any downturns in the market.
by Brianmcg321
Thu Sep 24, 2020 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Quit Hated Job And Take 80% Pay Cut?
Replies: 62
Views: 8262

Re: Should I Quit Hated Job And Take 80% Pay Cut?

Start making plans to move in a year. Stash as much cash as you can. Life is too short.
by Brianmcg321
Thu Sep 24, 2020 9:35 am
Forum: Personal Investments
Topic: VTWAX [Roth IRA - Three-funds to Two-funds]
Replies: 10
Views: 830

Re: VTWAX

Sounds like a good plan if he’s wanting to increase his international exposure. VTWAX is a great one fund world wide diversified option.
by Brianmcg321
Thu Sep 24, 2020 6:15 am
Forum: Personal Investments
Topic: Long Suffering VXUS Holder No More
Replies: 216
Views: 20043

Re: Long Suffering VXUS Holder No More

I use VWIGX (Vanguard Int'l Growth) for International exposure and have been happy with its performance. I don't like the total int'l index because I don't want to buy every piece of junk out there, but that's just my strategy, just like others here who's strategy is to own all of it. At the end of...
by Brianmcg321
Thu Sep 24, 2020 4:20 am
Forum: Personal Investments
Topic: Transferring IRAs from American Funds to Vanguard
Replies: 20
Views: 4803

Re: Transferring IRAs from American Funds to Vanguard

Check out the thread on the Three Fund Portfolio.
by Brianmcg321
Wed Sep 23, 2020 4:39 pm
Forum: Personal Consumer Issues
Topic: A simpler car.
Replies: 233
Views: 16544

Re: A simpler car.

surfstar wrote: Wed Sep 23, 2020 3:17 pm 1993 Camry

https://www.theonion.com/toyota-recalls ... 1819577805
Toyota Recalls 1993 Camry Due To Fact That Owners Really Should Have Bought Something New By Now
Now that’s funny. My wife still has her 1992 Accord.
by Brianmcg321
Wed Sep 23, 2020 1:08 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20353
Views: 2781507

Re: U.S. stocks in free fall

What is the main reason for today's market drop? I know the exact reason: On the commodities trading floor, the Dukes committed their holdings to buying frozen concentrated orange juice futures contracts; other traders followed their lead, inflating the price. Valentine and Winthorpe short sell fro...
by Brianmcg321
Wed Sep 23, 2020 12:52 pm
Forum: Personal Investments
Topic: Roth IRA
Replies: 11
Views: 942

Re: ROTh IRA

I don’t.
by Brianmcg321
Wed Sep 23, 2020 11:52 am
Forum: Personal Consumer Issues
Topic: A simpler car.
Replies: 233
Views: 16544

Re: A simpler car.

Lincoln Town Car or Mercury Grand Marquis. Nothing simpler than those. Lots of room too. If you find one with under 100k miles it will last you another ten years easily.
by Brianmcg321
Wed Sep 23, 2020 8:12 am
Forum: Investing - Theory, News & General
Topic: 'Wealth Calculator' in Millionaire Next Door
Replies: 33
Views: 3905

Re: 'Wealth Calculator' in Millionaire Next Door

You all are really overthinking this.
by Brianmcg321
Wed Sep 23, 2020 7:19 am
Forum: Personal Consumer Issues
Topic: Tesla battery day.
Replies: 69
Views: 5828

Re: Tesla battery day.

I guess it didn’t impress many people. TSLA is down 5% before the open.
by Brianmcg321
Wed Sep 23, 2020 7:18 am
Forum: Personal Consumer Issues
Topic: Tesla battery day.
Replies: 69
Views: 5828

Re: Tesla battery day.

Bogle7 wrote: Tue Sep 22, 2020 8:56 pm I got a charge out of the presentation.
Did you get a tingle down your leg?
by Brianmcg321
Wed Sep 23, 2020 7:11 am
Forum: Personal Consumer Issues
Topic: Pay Realtor Per Showing
Replies: 47
Views: 3230

Re: Pay Realtor Per Showing

You shouldn’t worry about it. They will get a hefty % when you do buy. It’s their job.