Search found 6097 matches

by delamer
Thu Oct 11, 2018 7:14 pm
Forum: Personal Consumer Issues
Topic: TV recommendation for my father
Replies: 47
Views: 1671

Re: TV recommendation for my father

We have Verizon Fios. If you see the black bands on a high def channel in a high def TV, it is because of the way the show is being broadcast. If you watch a standard def channel on a high def TV, then you can get the black bands. The major channels are available both in high def and standard def wi...
by delamer
Thu Oct 11, 2018 6:50 pm
Forum: Personal Consumer Issues
Topic: My life saved by New subaru. Almost died.
Replies: 62
Views: 7110

Re: My life saved by New subaru. Almost died.

Dottie57 wrote:
Thu Oct 11, 2018 2:39 pm
I love the safety features on my new Camry. Auto breaking s a great feature.
I’d much prefer auto “braking.” :shock:
by delamer
Thu Oct 11, 2018 6:44 pm
Forum: Investing - Help with Personal Investments
Topic: 56-year-old beginning the Boglehead journey - portfolio & tax efficiency questions
Replies: 7
Views: 1038

Re: 56-year-old beginning the Boglehead journey - tax efficiency question

The remaining $197K should go to stocks. It is not unusual to have this problem. It is not always possible to be optimally tax efficient, depending on your preferred allocation and the dollars in each type of account. Maybe an extreme example, but we had all of our retirement money in tax-deferred. ...
by delamer
Thu Oct 11, 2018 6:29 pm
Forum: Investing - Theory, News & General
Topic: When Markets Tank, Do This - Jason Zweig
Replies: 5
Views: 2851

Re: When Markets Tank, Do This - Jason Zweig

I wasn’t much into poems when I was a kid, but I loved the original of this one!
by delamer
Thu Oct 11, 2018 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Home Purchase - Sellers Request Help with Repairs
Replies: 69
Views: 3042

Re: Home Purchase - Sellers Request Help with Repairs

By non-functioning, I mean, the tank is full, both the line coming from the house to the tank and from the tank to the leech field are in disrepair. The system still drains to the tank however, there are some large leaks in the system. Nothing backing up into the house. Best case then is willfull n...
by delamer
Thu Oct 11, 2018 6:04 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Guidance
Replies: 8
Views: 600

Re: Overdue Portfolio Review/Audit

You’ll get more help if you add the fund names and ERs.

People don’t know the ticker symbols.
by delamer
Thu Oct 11, 2018 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Home Purchase - Sellers Request Help with Repairs
Replies: 69
Views: 3042

Re: Home Purchase - Sellers Request Help with Repairs

I agree with the previous post. Depends on the house - did you get a great deal? Was at a steal? If the price was already high (at a premium) - then yes - I would make them pay for it or pretty close to the full cost of it (ex credit you.) But if this is a sweet deal - great house - great price - I...
by delamer
Thu Oct 11, 2018 5:40 pm
Forum: Investing - Help with Personal Investments
Topic: What did you buy today
Replies: 108
Views: 7488

Re: What did you buy today

A cheesesteak in honor of the Eagles game tonight.
by delamer
Thu Oct 11, 2018 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: Home Purchase - Sellers Request Help with Repairs
Replies: 69
Views: 3042

Re: Home Purchase - Sellers Request Help with Repairs

I agree with the hard “no.”

Also, it is hard to believe that the septic system was in such bad shape that it could be described as “non-functioning” and that the sellers had no idea that there was a problem.
by delamer
Thu Oct 11, 2018 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Pls help us design our family life!!!
Replies: 41
Views: 4666

Re: Pls help us design our family life!!!

Don’t assume you’ll be savings $2500 per month once your kids are both in school and you go part-time. While the nanny will be gone, you still will need child care in the summer even if you completely eliminate it on school days and holidays. And there will be some costs for extracurricular activiti...
by delamer
Thu Oct 11, 2018 8:07 am
Forum: Investing - Help with Personal Investments
Topic: Ready to down shift?
Replies: 10
Views: 1824

Re: Ready to down shift?

Thanks for taking the time to review. Our brokerage account is in all equities at the moment, which we are OK with given we don't plan on selling any of those equities for at least 10 years. I am going to start putting some money in a Vanguard tax free muni bond fund (e.g. VWITX) in the brokerage a...
by delamer
Wed Oct 10, 2018 8:12 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Advice
Replies: 6
Views: 1531

Re: Retirement Advice

How much are you actually receiving from the following — gross, before deductions? 1. Your SS benefit 2. Your wife’s spousal SS benefit 3. Your pension If you die first, your wife will lose her SS spousal benefit but will receive your full benefit. Will she get any survivor benefit from your pension...
by delamer
Wed Oct 10, 2018 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: Copy/paste from sister's Living Trust?
Replies: 18
Views: 1478

Re: Copy/paste from sister's Living Trust?

I meant that maybe you should actually go to your friend and pay her/him some money for legal work rather than doing this on the cheap.
by delamer
Wed Oct 10, 2018 6:50 pm
Forum: Investing - Theory, News & General
Topic: When will you backup the truck on stocks
Replies: 95
Views: 8243

Re: When will you backup the truck on stocks

How will you handle these cash reserves if there isn’t a 10% or more downturn in the next, say, 2 years? What if the market goes up 15% more and then goes down 10%? You have fewer shares than if you bought today. And you will have missed out on any dividends in the meantime. I don’t have any such re...
by delamer
Wed Oct 10, 2018 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Copy/paste from sister's Living Trust?
Replies: 18
Views: 1478

Re: Copy/paste from sister's Living Trust?

Sounds like you owe your “attorney friend” some business.
by delamer
Wed Oct 10, 2018 5:54 pm
Forum: Investing - Help with Personal Investments
Topic: Comparing my performance against S&P 500
Replies: 20
Views: 1261

Re: Comparing my performance against S&P 500

You need to decide if you want to compare just the change in the stock price to the change in the S&P500 price, or compare the total returns (which also includes reinvested dividends).

You can find the S&P500 index, either just the price or total return, easily with an internet search.
by delamer
Wed Oct 10, 2018 5:08 pm
Forum: Investing - Theory, News & General
Topic: Millennials & Money Data
Replies: 25
Views: 3105

Re: Millennials & Money Data

I would not assume that people understand what “maxing out 401(k) contributions” means. Even on this forum, we occasionally get someone who thinks it means contributing enough to get the employer match. +1. It strains credibility that millennials are twice as likely to contribute up to the IRS limi...
by delamer
Wed Oct 10, 2018 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Pls help us design our family life!!!
Replies: 41
Views: 4666

Re: Pls help us design our family life!!!

Your current expenses are $10.3K per month and your take home pay is $11K. I am interpreting that to mean that you have a small surplus of $700/month. Is that correct? Your job accounts for about half of the family income. So if you reduce hours to half pay, then total take home will go down to abou...
by delamer
Wed Oct 10, 2018 3:36 pm
Forum: Investing - Help with Personal Investments
Topic: When stocks and bonds drop at the same time, what do you do?
Replies: 40
Views: 4410

Re: When stock and bod drop at the same time, what do you do?

You still rebalance as needed, depending on your target asset allocation.

It is not likely that both will decline by the same percentage.

If stocks are down 10% and bonds are down 5%, you’d be buying stocks.
by delamer
Wed Oct 10, 2018 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Leaving house to kids with a surviving spouse
Replies: 16
Views: 1834

Re: Leaving house to kids with a surviving spouse

I sincerely appreciate all the helpful replies. You've given me a lot to think about. I started this thread thinking about myself rather selfishly but you guys made me start thinking about her son welfare instead. A trust might be just the thing to protect him from himself but don't know if I can s...
by delamer
Wed Oct 10, 2018 3:18 pm
Forum: Investing - Theory, News & General
Topic: Millennials & Money Data
Replies: 25
Views: 3105

Re: Millennials & Money Data

I would not assume that people understand what “maxing out 401(k) contributions” means.

Even on this forum, we occasionally get someone who thinks it means contributing enough to get the employer match.
by delamer
Wed Oct 10, 2018 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: IRA to Roth conversion question
Replies: 5
Views: 361

Re: IRA to Roth conversion question

Whichever you choose, you will be reducing future RMDs in that spouse’s traditional IRA. At first glance, I’d say that would argue for the older spouse — the one who would be required to take RMDs sooner — to do the Roth conversion. Because generally you want to defer taxes as long as possible. But ...
by delamer
Wed Oct 10, 2018 2:08 pm
Forum: Personal Consumer Issues
Topic: Refinace house but how?
Replies: 26
Views: 1627

Re: Refinace house but how?

As a financial website I do understand what everyone is saying in regards to not doing it. I do have an emergency fund but do have some credit debt. Not a huge amount though from comparing to others I know. I guess my question would be even if I had no credit debt except my mortgage would the answe...
by delamer
Wed Oct 10, 2018 1:56 pm
Forum: Investing - Theory, News & General
Topic: How are stock dividends and bond coupons distributed in funds investment?
Replies: 6
Views: 449

Re: How are stock dividends and bond coupons distributed in funds investment?

The dividend and interest coupon is reinvested in additional shares of the same fund in most cases. On the date that dividends are paid and reinvested, you may not see a different dollar amount, only a different share count. The funds price drops to reflect the dividend paid, and the additional sha...
by delamer
Wed Oct 10, 2018 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Elder care tax question(s)
Replies: 27
Views: 1714

Re: Elder care tax question(s)

When my mother was living in a CCRC, the facility provided a breakdown each year as to what portion of her monthly fee was a medical deduction for tax purposes. I would check with the facility. I doubt that the whole fee is deductible. When she was in the regular assisted living section, they used ...
by delamer
Wed Oct 10, 2018 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Leaving house to kids with a surviving spouse
Replies: 16
Views: 1834

Re: Leaving house to kids with a surviving spouse

Thanks I appreciate all your input. Good to know leaving the house does not include the contents, and yeah dealing with that separately makes sense. We are in IL. From what I understand of the law yeah we will be entitled to a third of the money but can waive it. I have no interest in getting her m...
by delamer
Wed Oct 10, 2018 11:08 am
Forum: Investing - Theory, News & General
Topic: Kid already in 9th grade, too late to start 529?
Replies: 14
Views: 1668

Re: Kid already in 9th grade, too late to start 529?

The advantage of the 529 is that you won’t owe taxes on any earnings received on the money (once it is in the 529) if you use it for college expenses. But if you want to get higher earnings on the college money, you need to take more risk. There is nothing inherent to a 529 plan that will earn you ...
by delamer
Wed Oct 10, 2018 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Elder care tax question(s)
Replies: 27
Views: 1714

Re: Elder care tax question(s)

When my mother was living in a CCRC, the facility provided a breakdown each year as to what portion of her monthly fee was a medical deduction for tax purposes. I would check with the facility. I doubt that the whole fee is deductible. When she was in the regular assisted living section, they used ...
by delamer
Tue Oct 09, 2018 10:22 pm
Forum: Investing - Theory, News & General
Topic: Kid already in 9th grade, too late to start 529?
Replies: 14
Views: 1668

Re: Kid already in 9th grade, too late to start 529?

The advantage of the 529 is that you won’t owe taxes on any earnings received on the money (once it is in the 529) if you use it for college expenses. But if you want to get higher earnings on the college money, you need to take more risk. There is nothing inherent to a 529 plan that will earn you m...
by delamer
Tue Oct 09, 2018 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: Elder care tax question(s)
Replies: 27
Views: 1714

Re: Elder care tax question(s)

When my mother was living in a CCRC, the facility provided a breakdown each year as to what portion of her monthly fee was a medical deduction for tax purposes.

I would check with the facility. I doubt that the whole fee is deductible.
by delamer
Tue Oct 09, 2018 6:45 pm
Forum: Investing - Help with Personal Investments
Topic: Calculating amount needed for SS bridge
Replies: 50
Views: 2902

Re: Calculating amount needed for SS bridge

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. It depends in part on what you’d have in savings aft...
by delamer
Tue Oct 09, 2018 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Using bonds to offset mortgage interest?
Replies: 9
Views: 584

Re: Using bonds to offset mortgage interest?

I see. It's been a while since I took out a loan on anything. I had a total brain fart on this one. For some reason I thought $800K would appear in my bank, as a "loan". But you're right, it's sunken into the home right away (seller takes it). Same deal as buying a car I suppose. Oh well, there goe...
by delamer
Tue Oct 09, 2018 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: Ready to down shift?
Replies: 10
Views: 1824

Re: Ready to down shift?

I don’t think you are missing anything. With a 4% withdrawal rate on your investments as if today, you can cover $64,000 in expenses. If you downshift your job so that you don’t have to withdraw from investments until 60, then that pot will continue to grow. Plus another $120,000 from pensions plus ...
by delamer
Tue Oct 09, 2018 2:28 pm
Forum: Investing - Help with Personal Investments
Topic: 4% rule question
Replies: 22
Views: 3102

Re: 4% rule question

4% sounds reasonable for most retirees however there are many factors to consider. Why would a retiree at age 50 have the same 4% withdrawal as someone retiring at 75, or for example (2) people retire at age 55 with each have 1 Million in retirement accounts , One of the retirees has a pension for ...
by delamer
Tue Oct 09, 2018 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Using bonds to offset mortgage interest?
Replies: 9
Views: 584

Re: Using bonds to offset mortgage interest?

But we would aim to continue growing that $800K of liquidity in various investments,
You can’t invest the same $800K in a 10-year Treasury bond and in “various investments.”

I feel like I am missing something...
by delamer
Mon Oct 08, 2018 9:17 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement Allocation
Replies: 24
Views: 2858

Re: Early Retirement Allocation

What is your LTCG tax bracket? I am not sure how to figure that out? I do know that every year when I file my return I pay less in taxes once I plug in my capital gains and dividends from investments. Unless your income is very high or on the low enc, it is 15% federal: https://www.nerdwallet.com/b...
by delamer
Mon Oct 08, 2018 9:13 pm
Forum: Personal Consumer Issues
Topic: Refinace house but how?
Replies: 26
Views: 1627

Re: Refinace house but how?

mort439 wrote:
Mon Oct 08, 2018 9:04 pm
No, I haven't got any other quotes currently. Floating the ideas around. I am thinking total refinace but it's not an easy decision. My wife is concerned about starting over..thanks
Smart woman.

It seems a shame to give up the 3.25% rate, but it may make more sense than adding a 6% loan.
by delamer
Mon Oct 08, 2018 9:06 pm
Forum: Investing - Theory, News & General
Topic: Child is HS senior: Should college fund have any equities?
Replies: 28
Views: 2270

Re: Child is HS senior: Should college fund have any equities?

I watched one of my employees panic in 2008-2009 when their son entered college and they had to draw on their 529. That made a significant impact on me. When I exceeded the funds needed for all 4 years, I converted all to FDIC. I sleep well. I have left some in equities for my hs sophomore since th...
by delamer
Mon Oct 08, 2018 9:00 pm
Forum: Personal Consumer Issues
Topic: Refinace house but how?
Replies: 26
Views: 1627

Re: Refinace house but how?

mort439 wrote:
Mon Oct 08, 2018 8:55 pm
124,000 at 3.25% is just under1000.00 with escrow

40,000 at 6% is 282.00 a month, equity loan

Sorry should of included numbers..20 yr loans..
Do you have a quote for a $164,000 20 year loan at current rates?
by delamer
Mon Oct 08, 2018 8:16 pm
Forum: Investing - Help with Personal Investments
Topic: Loan Payment Vs. Holding in VWALX
Replies: 15
Views: 789

Re: Loan Payment Vs. Holding in VWALX

The two caveats are "hold it to maturity" and "if it doesn't default". The OP's Loan 2 has a 4-year duration; that is, paying it off would be equivalent to buying bonds with an average duration of 4 years. Loan 1 has a 2-year duration. And in an economic downturn, High-Yield Tax-Exempt will lose va...
by delamer
Mon Oct 08, 2018 8:15 pm
Forum: Investing - Help with Personal Investments
Topic: Too risky?
Replies: 13
Views: 1579

Re: Too risky?

Another issue is how dependent you will be in your assets when you retire.

If you won’t need much money from your portfolio to cover your expenses, then you can be relatively more aggressive.
by delamer
Mon Oct 08, 2018 8:02 pm
Forum: Investing - Help with Personal Investments
Topic: Loan Payment Vs. Holding in VWALX
Replies: 15
Views: 789

Re: Loan Payment Vs. Holding in VWALX

Would you think differently about paying off the loans early if VWALX didn't have the yield it does? The YTD return in that fund has been negative this year, so do you really care what the yield is when you're ultimately losing money? There is a difference between yield and return. However, the yie...
by delamer
Mon Oct 08, 2018 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: FAFSA questions
Replies: 29
Views: 2144

Re: FAFSA questions

Why do you think they are “gotcha” questions? Didn’t you expect to have to provide information on your accounts’ values and your income for some specific date/period? Honestly speaking, I didn't know what to expect. But I gave my SSN (which I didn't want to do but didn't really have a choice), gave...
by delamer
Mon Oct 08, 2018 5:54 pm
Forum: Investing - Theory, News & General
Topic: What tools do you use to track your finances?
Replies: 50
Views: 3723

Re: What tools do you use to track your finances?

Excel. One spreadsheet in which I enter all of our account balances on the first of every month, and a different spreadsheet in which I enter all of our expenses. Which reminds me that I haven't updated that since the last week of September so that's going to be a big pain in the neck. I'm intrigue...
by delamer
Mon Oct 08, 2018 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: Planning to retire, but nervous about being ready.
Replies: 10
Views: 1387

Re: Planning to retire, but nervous about being ready.

Agree with others above about nailing down your pension. You can easily estimate the total pension using your high 3 and the formula for CSRS pensions: https://www.opm.gov/retirement-services/csrs-information/computation/ I don’t know what funds you have in your IRA, because I don’t know the ticker ...
by delamer
Mon Oct 08, 2018 4:36 pm
Forum: Investing - Theory, News & General
Topic: Market decline in 2019 ?
Replies: 73
Views: 6458

Re: Market decline in 2019 ?

Jordan4FI wrote:
Mon Oct 08, 2018 3:51 pm
for me the bigger the fall the better.... be nice to get some shares at low low prices again....
Be careful what you wish for — big drops in the stock market often come with undesirable events like recessions and increases in unemployment.
by delamer
Mon Oct 08, 2018 4:24 pm
Forum: Investing - Theory, News & General
Topic: Trying to help 23 year old with 403b
Replies: 9
Views: 447

Re: Trying to help 23 year old with 403b

Are the underlying funds in the TIAA option index funds? If not, that would be another argument to move to the Vanguard fund. You might want to send this short (16 page) PDF to your niece; it is a great basic education for new investors: https://www.etf.com/docs/IfYouCan.pdf This is what is in the ...
by delamer
Mon Oct 08, 2018 2:55 pm
Forum: Investing - Theory, News & General
Topic: Child is HS senior: Should college fund have any equities?
Replies: 28
Views: 2270

Re: Child is HS senior: Should college fund have any equities?

I would sell equities and move to cash. In fact, I just did last month as posted about it here, and my child is only a sophomore in HS. The question I asked myself is which one I would regret more, giving up potential gains if market keeps going up or losing money saved for college and not having i...
by delamer
Mon Oct 08, 2018 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Postponing the bonus to next year. Is it a good idea?
Replies: 30
Views: 1933

Re: Postponing the bonus to next year. Is it a good idea?

celentano wrote:
Mon Oct 08, 2018 2:47 pm
Thanks everyone! I will just ask the employer to cancel the bonus this year all together.
You are going to ask your wife’s employer to cancel her bonus?

How does your wife feel about that?
by delamer
Mon Oct 08, 2018 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Can we safely retire early?
Replies: 18
Views: 3278

Re: Can we safely retire early?

For lack of a better word, I think you are being too “casual” about acquiring and paying for health insurance for a family for the 20 years until Medicare. Insurance availability and costs are very much in flux. And what if one of you develops a serious acute or chronic condition? I’d reassess the c...