Search found 6355 matches

by delamer
Fri Nov 09, 2018 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: Debt Consolidation Loan
Replies: 11
Views: 712

Re: Debt Consolidation Loan

What are the interest rates on your current debt?

What percent of your gross income is going toward the loans now?
by delamer
Thu Nov 08, 2018 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: How much money are you leaving your kids after you die?
Replies: 234
Views: 15001

Re: How much money are you leaving your kids after you die?

Our daughter doesn't know our net worth. She asks, but I tell her that my father didn't share that with me until I was well into my 40s/50s, and I'm inclined to do the same with her. Unsure about this ... Not to single out this poster, but does anyone else feel this rubs them the same way as it doe...
by delamer
Thu Nov 08, 2018 6:41 pm
Forum: Investing - Help with Personal Investments
Topic: Help - Expect to inherit relatively large sum
Replies: 12
Views: 2180

Re: Help - Expect to inherit relatively large sum

Sorry for your loss. Your basis will be stepped up in taxable, thus I would suggest you sell everything in both accounts as soon as you receive them. No need to maintain the potentially inefficient allocation you inherit. If the taxable assets were held in certain kinds of trusts — a credit shelter...
by delamer
Thu Nov 08, 2018 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: If expenses are low, are some of us over saving?
Replies: 120
Views: 11936

Re: If expenses are low, are some of us over saving?

Helpful to hear from everyone and seems that at least some see it the same way I do. I’m not suggesting no savings or extreme lifestyle creep. I’m suggesting that a couple earning $250k, who might be paying a $4k mortgage and maxing 2 401k’s is “living on” less than $100k/year after taxes, mortgage...
by delamer
Wed Nov 07, 2018 9:47 pm
Forum: Investing - Help with Personal Investments
Topic: Payoff Mortgage
Replies: 12
Views: 1508

Re: Payoff Mortgage

500k in MM? Why wouldn’t you pay it all from this fund and keep money in Roth. You can hold MM in Roth and it is just as liquid and you don’t have to pay taxes on the earnings. Tax shelters should be utilized as much as you can. My thoughts exactly. Why would you give up the tax free earnings on th...
by delamer
Wed Nov 07, 2018 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: If expenses are low, are some of us over saving?
Replies: 120
Views: 11936

Re: If expenses are low, are some of us over saving?

A high earning couple retiring at FRA is going to have SS benefits more in the range of $5,000+, than $3,000.
by delamer
Wed Nov 07, 2018 1:23 pm
Forum: Investing - Theory, News & General
Topic: no dividends in index funds!
Replies: 95
Views: 9388

Re: no dividends in index funds!

There is a very good article in the November 2 WSJ about dividends. Title is “GE Shows Dividend Investing Can Fail” and the author is James Mackintosh. It doesn’t bash dividends, but discusses the pros and cons of a company paying dividends under different circumstances using GE’s recent decisions a...
by delamer
Wed Nov 07, 2018 10:59 am
Forum: Personal Finance (Not Investing)
Topic: New job concerns
Replies: 52
Views: 5464

Re: New job concerns

As far as changing jobs after a short tenure at your current job, the marketplace will tell you if you are trying to switch too soon. Meaning that you won’t get interviews if managers feel you are a job hopper. If they see your current situation as just a blip, then you will get interviews. If you a...
by delamer
Wed Nov 07, 2018 10:30 am
Forum: Personal Finance (Not Investing)
Topic: How much money are you leaving your kids after you die?
Replies: 234
Views: 15001

Re: How much money are you leaving your kids after you die?

Maybe the best answer to the original question is:

“I am going to spend my money as I see fit, and anything left when I am gone will go to the people and causes that I care about.”
by delamer
Wed Nov 07, 2018 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Are we in trouble?
Replies: 106
Views: 12881

Re: Are we in trouble?

We've sold a couple homes in the Chicagoland area, both within 10 days of listing. One sold for 98% of list price, one sold for full list price. Neither of these homes were sold during hot sellers market. We listed one in October (not a great time to be selling) and the other was listed in February...
by delamer
Tue Nov 06, 2018 10:33 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation Question/Help
Replies: 12
Views: 1058

Re: Asset Allocation Question/Help

I really have not figured my expenses but they probably won't match my income. Income/property/sales taxes; no state taxes; utilities; insurance; food/gas/etc; and some travel which will be the biggest bite. Still, I have never spent my income and don't expect to do that in retirement. I'm just thi...
by delamer
Tue Nov 06, 2018 7:50 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation Question/Help
Replies: 12
Views: 1058

Re: Asset Allocation Question/Help

Ultimately, the thing that matters in retirement is how your income compares to your expenses.

That should be a big driver of your allocation.

And you haven’t given us any information on your expenses.
by delamer
Tue Nov 06, 2018 7:41 pm
Forum: Investing - Help with Personal Investments
Topic: Time to ditch the financial advisor?
Replies: 17
Views: 2152

Re: Time to ditch the financial advisor?

Thanks for the links - hadn't heard of a backdoor roth until today. Regarding the tax implications - is the caution just to be prepared for a bill or will they affect my move? Seems like I'm stuck paying them and a new AA and investing approach is needed regardless. I apologize if this is too simpl...
by delamer
Tue Nov 06, 2018 6:38 pm
Forum: Investing - Help with Personal Investments
Topic: Time to ditch the financial advisor?
Replies: 17
Views: 2152

Re: Time to ditch the financial advisor?

Here’s some suggestion from the Boglehead wiki for index based portfolios: https://www.bogleheads.org/wiki/Lazy_portfolios You have great options in your 401(k) to set up one of these. Although you should implement your allocation across your entire portfolio. I concur with dumping your advisor and ...
by delamer
Tue Nov 06, 2018 6:25 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio for 87yo widowed Mom.
Replies: 13
Views: 1021

Re: Portfolio for 87yo widowed Mom.

Whoops - sis forgot to include income taxes, which my Dad prepaid for this year. $17,000 total for the year. I will update the original post - this puts her slightly in the red but we were liberal with spending and there is plenty in IRA+taxable for taxes. Good idea about emergency fund to Vanguard...
by delamer
Tue Nov 06, 2018 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: How much money are you leaving your kids after you die?
Replies: 234
Views: 15001

Re: How much money are you leaving your kids after you die?

All of the assertions about "I'm going to die broke" are kind of absurd. If you are a boglehead, your plan should include longevity insurance which means that unless you receive an unexpected terminal diagnosis, you are unlikely to spend it all. It is sad that we can't have a serious conversation w...
by delamer
Tue Nov 06, 2018 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking lot loan to build house
Replies: 19
Views: 1355

Re: Seeking lot loan to build house

Could you qualify for a HELOC with your current income given your mortgage?

That would be $560K in debt on a $120K salary.

And if you got a comparable salary in WA, could you afford to build on your lot?
by delamer
Tue Nov 06, 2018 4:35 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with windfall
Replies: 34
Views: 2703

Re: What to do with windfall

lassevirensghost wrote:
Tue Nov 06, 2018 4:26 pm
delamer wrote:
Tue Nov 06, 2018 4:20 pm

How long do you have to pay on each loan if you pay the minimums?
The big chunk ("Student loan 1") is a bit less than 10 years. The others are around 12 years.
Then I’d pay #1 off — not down, but off — with the windfall.
by delamer
Tue Nov 06, 2018 4:33 pm
Forum: Investing - Theory, News & General
Topic: This man can predict when bubbles burst: time to time the market?
Replies: 145
Views: 10720

Re: This man can predict when bubbles burst: time to time the market?

You have to ask yourself this question: If someone has discovered how to time the market why would they not keep this strategy secret, borrow all the money they possibly could, and be moving in and out of the market becoming fabulously wealthy? Instead they go on the news/write an article/talk in a...
by delamer
Tue Nov 06, 2018 4:20 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with windfall
Replies: 34
Views: 2703

Re: What to do with windfall

Getting rid of student loan 1 is a good choice, since it would free up so much cash flow (which could be saved) and the interest rate is pretty high.

How long do you have to pay on each loan if you pay the minimums?
by delamer
Tue Nov 06, 2018 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: What's the 'safest' decision?
Replies: 17
Views: 2359

Re: What's the 'safest' decision?

Don’t you get a deduction as a business expense for A?
by delamer
Tue Nov 06, 2018 4:04 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio for 87yo widowed Mom.
Replies: 13
Views: 1021

Re: Portfolio for 87yo widowed Mom.

Age should not be the primary determinant of how much equity should be in a retiree’s portfolio. The degree to which your mother is dependent on her portfolio to cover her expenses is more important. Assuming the $5700 includes taxes, then your mother needs about $1700 per month from her portfolio— ...
by delamer
Tue Nov 06, 2018 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: How much money are you leaving your kids after you die?
Replies: 234
Views: 15001

Re: How much money are you leaving your kids after you die?

I wanted to leave half to our children and half to charity. My wife wanted to leave everything to our children. We ultimately agreed to leave 75% to our children and 25% to charity. Just wanted to say how impressed I am that you and your wife were able to agree to split the difference, so to speak....
by delamer
Mon Nov 05, 2018 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Are we in trouble?
Replies: 106
Views: 12881

Re: Are we in trouble?

On a separate note..... Is that only I who thinks $900K in savings at a $370K income at the age of 47 is on the low side? Plus $1.2m house in Texas? That is one biggggg house. Overall, I think, since you make a good money, you have a lot of room to turn things around fast. You just need to work out...
by delamer
Mon Nov 05, 2018 6:27 pm
Forum: Investing - Help with Personal Investments
Topic: 80 year old wants to invest $100k to get ~$10k annually. Options?
Replies: 22
Views: 3909

Re: 80 year old wants to invest $100k to get ~$10k annually. Options?

There is no option that will give her an income of 10% without taking a substantial risk of losing principal and/or missing her target.

An annuity would probably maximize her income, but that means she gives up access to her money.
by delamer
Mon Nov 05, 2018 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Lock mortgage rate at 5%?
Replies: 34
Views: 3757

Re: Lock mortgage rate at 5%?

Have you figured out how much an 1/8 of a point up or down will make in your actual payment?

My guess is not much.
by delamer
Mon Nov 05, 2018 6:08 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking a balanced, aggressive portfolio
Replies: 25
Views: 1208

Re: Seeking a balanced, aggressive portfolio

I know there is an overlap between my VTSAX and VFINX. But I want to keep my VFINX inside my ROTH to avoid the tax hit. Plus, I'm capped on contribution at 5000 per year. Where else am I going to put my extra money? ---- Into a conservative VTTHX target fund that earns only 4% per year? Not going t...
by delamer
Mon Nov 05, 2018 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Evaluating Fed employment vs. contracting
Replies: 12
Views: 760

Re: Evaluating Fed employment vs. contracting

I don’t follow your numbers. What does the $35K to $55K represent? I don't know exact salary that will be offered for fed job, so don't have clear way to compare. I estimated last 3 years an extra income around $150K cumulatively compared to a full time job I held with a mega-corp prior to that. To...
by delamer
Mon Nov 05, 2018 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Evaluating Fed employment vs. contracting
Replies: 12
Views: 760

Re: Evaluating Fed employment vs. contracting

I don’t follow your numbers.

What does the $35K to $55K represent?
by delamer
Mon Nov 05, 2018 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Income in retirement?
Replies: 14
Views: 1965

Re: Income in retirement?

A 4% to 6% total return is doable with a Boglehead style lazy portfolio: https://www.bogleheads.org/wiki/Lazy_portfolios

If you want a portfolio that throws off 4% to 6% in income, then I have no suggestions.
by delamer
Mon Nov 05, 2018 5:21 pm
Forum: Investing - Help with Personal Investments
Topic: New look information
Replies: 9
Views: 615

Re: New look information

If all or a substantial portion of your assets are in taxable accounts, then unwinding your positions will mean significant capital gains taxes.

It is much simpler if everything is tax-advantagef.
by delamer
Mon Nov 05, 2018 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: Are we in trouble?
Replies: 106
Views: 12881

Re: Are we in trouble?

I agree with several other posters that your best solution is to be aggressive with the Chicago price.

Another option is to put the Chicago house up for rent, particularly if you can cover (or nearly) the PITI.

I don’t think you are in trouble, but you can do things to help you sleep better.
by delamer
Mon Nov 05, 2018 5:02 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking a balanced, aggressive portfolio
Replies: 25
Views: 1208

Re: Seeking a balanced, aggressive portfolio

It is not an “if” the market tanks again in the next 20 years, but “when” and how much.

If it tanks 50%, you’ll lose roughly 45% of your assets.

If you can’t stomach that, then add more bonds or cash to your allocation.
by delamer
Mon Nov 05, 2018 2:47 pm
Forum: Investing - Help with Personal Investments
Topic: Should I move from TRP to Vanguard?
Replies: 9
Views: 702

Re: Should I move from TRP to Vanguard?

Yes, managed funds. Of course there are no guarantees, but some of their funds did perform better than the market (for example, Blue Chip Growth). Better than the market over what period? My investment philosophy is based on the notion that over the long run , it is impossible to know if any manage...
by delamer
Mon Nov 05, 2018 2:41 pm
Forum: Investing - Help with Personal Investments
Topic: asset allocation for a relative's 5K IRA
Replies: 15
Views: 698

Re: asset allocation for a relative's 5K IRA

I’d be very tempted to use the allocation in Bernstein’s analysis below, so you have an expert to refer to if your relative is unhappy with the account’s return:

https://www.etf.com/docs/IfYouCan.pdf
by delamer
Mon Nov 05, 2018 2:28 pm
Forum: Investing - Help with Personal Investments
Topic: Should I move from TRP to Vanguard?
Replies: 9
Views: 702

Re: Should I move from TRP to Vanguard?

I assume your TRP money is an an actively managed fund(s)?

So, do you believe that you can pick a managed fund(s) that will perform better in the long run than an index fund(s)?

That’s really the issue.
by delamer
Mon Nov 05, 2018 2:20 pm
Forum: Investing - Theory, News & General
Topic: Portfolio management by age
Replies: 10
Views: 807

Re: Portfolio management by age

At the simplest I could put the whole portfolio in Wellesley.. I have short term resources/ emergency fund equal to 25% of the portfolio.. I don't think vwiax is so out there And even if the yield stays the same, what happens to your income — in actual dollars — if Wellesley falls in value by 20%?
by delamer
Mon Nov 05, 2018 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance or not
Replies: 13
Views: 677

Re: Refinance or not

I’d let it ride IF I felt that I could handle the maximum rate, in the worst case scenario.

Keep in mind that the maximum rate will be applied to the loan balance when it goes into effect. And you will have paid down some of the loan by that time.
by delamer
Mon Nov 05, 2018 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance or not
Replies: 13
Views: 677

Re: Refinance or not

Is it 2.75% or 3% currently?
by delamer
Mon Nov 05, 2018 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Fed employees - Quality Step Increase
Replies: 10
Views: 1006

Re: Fed employees - Quality Step Increase

I'm in the DC area. Current salary is $137K and change. Next step increase would take me to $141K and change. I was just told the bonus will be approx. 1.5% of salary, so approximately $2K Thanks for the feedback so far, appreciated. Take the QSI. 11/12 of $4000 is almost $3700, plus you get the la...
by delamer
Mon Nov 05, 2018 1:45 pm
Forum: Investing - Help with Personal Investments
Topic: 1,000,000+ by 29
Replies: 23
Views: 4672

Re: 1,000,000+ by 29

Add small/medium cap US stocks and/or international stocks.
by delamer
Mon Nov 05, 2018 1:39 pm
Forum: Investing - Theory, News & General
Topic: Portfolio management by age
Replies: 10
Views: 807

Re: Portfolio management by age

Here is the section from the wiki that discusses withdrawal strategies: https://www.bogleheads.org/wiki/Withdrawal_methods Part of the problem with your 3% income goal is that it is not realistic in today’s environment, with a combination of stocks and bonds. I have a 75% stock/25% bonds & cash port...
by delamer
Mon Nov 05, 2018 1:24 pm
Forum: Investing - Help with Personal Investments
Topic: New look information
Replies: 9
Views: 615

Re: New look

Can you elaborate on what you mean by “we have been down compared to all the major indexes?”

You have a significant bond position — one that sounds appropriate for your ages — so your return would be much lower than that for a stock index like the S&P 500.
by delamer
Mon Nov 05, 2018 12:46 pm
Forum: Investing - Theory, News & General
Topic: Portfolio management by age
Replies: 10
Views: 807

Re: Portfolio management by age

Few people here would agree with your plan of avoiding selling shares for income. Bogleheads advocate for investing to maximize total return (relative to risk), and withdrawing a percentage of assets that will sustain your portfolio throughout retirement — or a safe withdrawal rate. If you aren’t in...
by delamer
Mon Nov 05, 2018 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Tax software: online vs download versions
Replies: 15
Views: 1804

Re: Tax software: online vs download versions

I have assumed that with the online version that your data are stored on the cloud.

And with the download/CD version that they are stored on your computer.

So I always used the download/CD.

Am I right?
by delamer
Mon Nov 05, 2018 10:48 am
Forum: Investing - Help with Personal Investments
Topic: Saving after age 60
Replies: 5
Views: 1021

Re: Saving after age 60

Money that you are spending in the next few years should not be invested in stocks. It should be in cash. Do you have a good stable value fund in your 401(k)? Say you put money in your 401(k) today and invest it in cash. Then you need to take it out the next year for college expenses. You will have ...
by delamer
Mon Nov 05, 2018 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Fed employees - Quality Step Increase
Replies: 10
Views: 1006

Re: Fed employees - Quality Step Increase

What’s the dollar amount of the QSI?

I am guessing it is about the same as the bonus, in which case the QSI is the way to go.
by delamer
Sun Nov 04, 2018 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: Teaching kids there is an ample amount of money
Replies: 108
Views: 8064

Re: Teaching kids there is an ample amount of money

I would never tell kids that we don't have to worry about money. Not sure what that would accomplish. So you would want your kids to worry about money? I think a lot of people have anxiety over not having enough money. If you can remove the worries behind it, wouldn't that help eliminate the anxiet...
by delamer
Sun Nov 04, 2018 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Teaching kids there is an ample amount of money
Replies: 108
Views: 8064

Re: Teaching kids there is an ample amount of money

I would never tell kids that we don't have to worry about money. Not sure what that would accomplish. So you would want your kids to worry about money? I think a lot of people have anxiety over not having enough money. If you can remove the worries behind it, wouldn't that help eliminate the anxiet...