Search found 516 matches

by camillus
Sat Aug 25, 2018 2:01 am
Forum: Investing - Help with Personal Investments
Topic: Need advice on limited TIAA fund choices!
Replies: 26
Views: 1359

Re: Need advice on limited TIAA fund choices!

Let me polity suggest that the discussion of TIAA Real Estate is off topic :happy Note that you do not have to hold all funds in every account. I would do 2, 2, and hold international in Roth or taxable. Those are very good options, better than my TIAA plan. Good idea. We need to open Roth's this ye...
by camillus
Sat Aug 25, 2018 1:03 am
Forum: Investing - Help with Personal Investments
Topic: Home equity and timing of house purchase
Replies: 17
Views: 2544

Re: Too much home equity?

This seems like one of those things where knowing you have "a lot of home equity" can cause aberrant and irrational behavior. Just for fun I'll side with your spouse on the 900k house. That's just a 5-6% difference in house value from the one you are currently in. Would you do a cash out refinance t...
by camillus
Sat Aug 25, 2018 12:51 am
Forum: Personal Finance (Not Investing)
Topic: Marriage [How should finances be handled?]
Replies: 74
Views: 7975

Re: Marriage [How should finances be handled?]

Hi all, I will be getting married next month. Me and the fiancée are both investing and paying down student loans in accordance with the boglehead way. Now I am here for guidance as to what actions should be taken financially after marriage. Do we continue investing/saving/ paying down our student ...
by camillus
Sat Aug 25, 2018 12:15 am
Forum: Personal Consumer Issues
Topic: Is it worth chasing down this $10 fee?
Replies: 38
Views: 3198

Re: Is it worth chasing down this $10 fee?

How about you:

1) Not use that payment method again.
2) Set up a lawn chair in your front yard.
3) Drink a tasty beverage.
4) Muster gratitude for all the good things in life :happy
by camillus
Sat Aug 25, 2018 12:08 am
Forum: Investing - Help with Personal Investments
Topic: Am I Wrong for being 100% Equities ?
Replies: 70
Views: 7023

Re: Am I Wrong for being 100% Equities ?

For what it's worth. I took the questionnaire and it recommended that I go 100% stock.

I am one of the posters above advocating that the OP add bonds.

:shock:
by camillus
Sat Aug 25, 2018 12:00 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Funds in ROTH IRA
Replies: 5
Views: 922

Re: Retirement Funds in ROTH IRA

If I have most of my retirement funds in a ROTH IRA... I always thought it would be great to have it all in the ROTH but it's not the most tax efficient. Most people pay less total lifetime tax if they approach retirement with a mix of deferred and Roth funds, the majority being deferred. If you al...
by camillus
Fri Aug 24, 2018 10:56 pm
Forum: Investing - Help with Personal Investments
Topic: At a standstill... maxed 401k & IRA, now what?
Replies: 9
Views: 1168

Re: At a standstill... maxed 401k & IRA, now what?

I'm starting to think about opening another my first non-retirement investment account, but I'm not sure I'm ready. You are ready. You don't have to start big. How about you do a starter taxable account at Vanguard with just $1000 and see how it effects your taxes for 2019 :happy I agree that a lar...
by camillus
Fri Aug 24, 2018 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: My son is 1 years old now I want to save money for him Help me with some options on where to save
Replies: 15
Views: 1466

Re: My son is 1 years old now I want to save money for him Help me with some options on where to save

4. Save money in your own name and build up your net worth. You can later give your kid the money, or let them inherit it someday. This is the advice I would give as well. While a 529 is nice, your 401k might be better. Maximize your tax advantaged retirement accounts. If you and a spouse have Roth...
by camillus
Fri Aug 24, 2018 10:35 pm
Forum: Personal Consumer Issues
Topic: Landlord Nightmare
Replies: 90
Views: 9766

Re: Landlord Nightmare

Pretty tired to deal with crazy ppl. I'm sorry for this person, but all you have to do is delete the email and not think about it again. In a roommate situation, you have to protect the roommates who might have pet allergies or phobias, for example :happy It would be good to learn a little bit abou...
by camillus
Fri Aug 24, 2018 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Healthcare Careers
Replies: 48
Views: 3124

Re: Healthcare Careers

I am a nurse. https://www.nationalnursesunited.org/press/nurses-top-gallup-poll-most-trusted-profession-16-years-running become a RN-BSN, go back to school for two years, and be a nurse practitioner. Correct me if I'm wrong, but doesn't an NP require a PhD program now? No this is not a phd. Though ...
by camillus
Fri Aug 24, 2018 12:30 pm
Forum: Investing - Help with Personal Investments
Topic: Help me decide what to do first
Replies: 5
Views: 424

Re: Help me decide what to do first

If your head is swimming, the best thing to do is to pick a goal and stick with it until you achieve it. This is a lot better than directing scattered, anxious energy at a lot of things and doing nothing very well. I would either build up your emergency fund or pay off your student loan, which is sm...
by camillus
Fri Aug 24, 2018 7:09 am
Forum: Personal Finance (Not Investing)
Topic: I still use cash not credit cards should I reconsider?
Replies: 102
Views: 8077

Re: I still use cash not credit cards should I reconsider?

I personally haven't carried cash in my wallet for a few years now. A few thoughts: 1) The real boon of the credit card game is sign-up bonuses. Accounting for these, over the past few months my "cash back" rate has been around 18%. 2) However, this brings a lot of complexity and compulsivity to my ...
by camillus
Thu Aug 23, 2018 7:56 pm
Forum: Investing - Help with Personal Investments
Topic: Check in - more details this time.
Replies: 12
Views: 1052

Re: Check in - more details this time.

I think I should try to max out the 401K, but I worry about money being tied up in an asset that I cannot touch for another 20 years.... Did anyone else feel that way when they were this age? You can touch it. You'll just have to pay a small 10% penalty. You can pay off the car, or you can split th...
by camillus
Thu Aug 23, 2018 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Healthcare Careers
Replies: 48
Views: 3124

Re: Healthcare Careers

I am a nurse. https://www.nationalnursesunited.org/press/nurses-top-gallup-poll-most-trusted-profession-16-years-running Nursing is a respectable, demanding, adequately compensated, meaningful profession - right after graduation. One thing is that you can start in the field with an associates degree...
by camillus
Thu Aug 23, 2018 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: Stop Roth IRA Contributions to Pay Off Loan
Replies: 9
Views: 472

Re: Stop Roth IRA Contributions to Pay Off Loan

That is a very high rate. I would try to refinance it. I suppose I would also pause contributing to a Roth IRA in order to pay it down. I suppose if I would consider pausing contributing to a Roth IRA, why not withdraw your past contributions from your Roth IRA - tax and penalty free - and pay off t...
by camillus
Thu Aug 23, 2018 12:43 pm
Forum: Investing - Help with Personal Investments
Topic: Check in - more details this time.
Replies: 12
Views: 1052

Re: Check in - more details this time.

But then I also consider the HELOC kind of its own investment that pays for itself, but I know that is probably not the right way to think about it. It's not like paying down the HELOC will stop the cash flow provided by your solar panels, etc. The question is where to put your extra dollars. The c...
by camillus
Thu Aug 23, 2018 12:20 pm
Forum: Investing - Help with Personal Investments
Topic: Check in - more details this time.
Replies: 12
Views: 1052

Re: Check in - more details this time.

If your HELOC has a rate of 5.49% and you get a deduction in the 24% tax bracket, then the true rate on the HELOC is: 5.49 * (1-0.24) = 4.17% The car loan currently has a higher comparative rate, at 4.99%, which is a great guaranteed return for your savings. The best thing you could do is make a goa...
by camillus
Thu Aug 23, 2018 10:07 am
Forum: Investing - Help with Personal Investments
Topic: Invest or Pay off Student Loans
Replies: 40
Views: 2264

Re: Invest or Pay off Student Loans

I’d max out your retirement and pay any extra toward the loans. You’ll probably come out ahead in 10 years doing that. I think there's a difference between the two lines of suggestions here, apples and oranges: 1) Maintain moderate lifestyle, put available cash flow into deferred retirement account...
by camillus
Wed Aug 22, 2018 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Help Me Understand income Taxes
Replies: 9
Views: 1482

Re: Help Me Understand income Taxes

The way you wrote, it looks like you are taking deductions twice - itemizing and then taking the standard deduction. Explain this line: With deductions our taxable wages: $114,997 Otherwise, the child tax credit is applied against your tax, so you will be getting an additional $2k of refund, bringin...
by camillus
Wed Aug 22, 2018 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Varying college costs across kids in the same family
Replies: 92
Views: 5303

Re: Varying college costs across kids in the same family

And, what is wrong with that? I suppose, being a parent, you have to take into account certain intangibles. To be crass, say one of your children is just plain naturally smarter and more confident than the other. Being the less gifted child (ability & confidence), you are have been compared to your...
by camillus
Wed Aug 22, 2018 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Varying college costs across kids in the same family
Replies: 92
Views: 5303

Re: Varying college costs across kids in the same family

To illustrate why not to have a hard and fast rule: You are child B. Child A has always seemed brilliant and succeeded in everything they have done. Perfect grades in school. Full ride at prestigious university. Accepted a very high paying job after graduation. You, child B, have struggled with educ...
by camillus
Wed Aug 22, 2018 6:40 pm
Forum: Investing - Help with Personal Investments
Topic: Invest or Pay off Student Loans
Replies: 40
Views: 2264

Re: Invest or Pay off Student Loans

I recommend the Dave Ramsey show, on youtube, via podcast, etc. What you need is a lot of motivation to do what you have to do. After contributing to 401k match, you need to throw everything you have at the auto loan. What you need is focus. Each month, seeing how much you can pay towards the car. W...
by camillus
Wed Aug 22, 2018 6:32 pm
Forum: Investing - Help with Personal Investments
Topic: Am I Wrong for being 100% Equities ?
Replies: 70
Views: 7023

Re: Am I Wrong for being 100% Equities ?

A few more things-- salaries 275-300K combined, living in MCOL area (Detroit metro) annual 401K + HSA personal + company contributions 75K our age 62 pensions/SS currently project at 33K for me / 19K for wife Assuming 8% earnings on investments, total would reach 2.5M @ retirement 8% earnings looks ...
by camillus
Wed Aug 22, 2018 6:16 pm
Forum: Investing - Help with Personal Investments
Topic: Am I Wrong for being 100% Equities ?
Replies: 70
Views: 7023

Re: Am I Wrong for being 100% Equities ?

My opinion is that you are not as astronomically wealthy as you think you are. Say you and your wife both live long lives, a bear market occurs, you get cancer and your wife spends 10 years with dementia. Also, notice that as of today we are enjoying the longest bull market in history. It has never ...
by camillus
Wed Aug 22, 2018 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Is a million really the benchmark for retirement
Replies: 109
Views: 12337

Re: Is a million really the benchmark for retirement

Calico wrote:
Wed Aug 22, 2018 10:01 am
My plans in retirement
That sounds so wonderful. It seems that you have found what some (many) on this board will not: "enough" :wink:
by camillus
Tue Aug 21, 2018 8:16 pm
Forum: Investing - Help with Personal Investments
Topic: First Post: Looking for Advice for Accounts
Replies: 5
Views: 528

Re: First Post: Looking for Advice for Accounts

1) I agree with above, max 401k before investing money in taxable 2) You have some fund overlap in your 401k with owning a target date fund as well as other funds. The target date fund would actually be fine by itself, if it has a low expense ratio. 3) Speaking of the target date fund, notice that t...
by camillus
Tue Aug 21, 2018 5:58 pm
Forum: Investing - Help with Personal Investments
Topic: Lively HSA: Which TDA fund to invest in?
Replies: 17
Views: 1444

Re: Lively HSA: Which TDA fund to invest in?

Where should you hold bonds? The 401k. Why? Because gains will eventually be taxed. Where should you hold equities? The HSA. Why? Because gains have the potential to be tax free. If I get what you're saying, put the assets with greatest potential gains in the HSA so they can be cashed out tax free ...
by camillus
Tue Aug 21, 2018 5:06 pm
Forum: Investing - Help with Personal Investments
Topic: Lively HSA: Which TDA fund to invest in?
Replies: 17
Views: 1444

Re: Lively HSA: Which TDA fund to invest in?

Angst wrote:
Tue Aug 21, 2018 5:02 pm
or #3
Yes, good one. Not withdrawing from an HSA is equally as good as contributing to one. Withdrawing from taxable is like converting taxable to HSA money. Of course you would do this if you could. :happy

The point is, keep equities in your HSA. After a large withdrawal, rebalance.
by camillus
Tue Aug 21, 2018 4:46 pm
Forum: Investing - Help with Personal Investments
Topic: Lively HSA: Which TDA fund to invest in?
Replies: 17
Views: 1444

Re: Lively HSA: Which TDA fund to invest in?

Lets say you have these accounts: an HSA and a 401k. Where should you hold bonds? The 401k. Why? Because gains will eventually be taxed. Where should you hold equities? The HSA. Why? Because gains have the potential to be tax free. But what if you have a $8k unexpected health expense? Liquidate $8k ...
by camillus
Tue Aug 21, 2018 3:34 pm
Forum: Personal Consumer Issues
Topic: Landlord Nightmare
Replies: 90
Views: 9766

Re: Landlord Nightmare

We don't know. We've never met him. I think you should get more serious about how you are handling your rental business. Sounds like you will have a negative review. I am not sure about the advice to lawyer-up. That might be going overboard. Evict this person, block them, manage your FB page as bes...
by camillus
Tue Aug 21, 2018 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: How are we doing?
Replies: 22
Views: 2077

Re: How are we doing?

In retirement: $78,000/yr from your pension + $30,000/yr from her pension +$30,000/yr estimate (?) from social security $ 138,000/yr without accounting for investments. You will also at this time have a paid for mortgage. I think you will be alright. Some other thoughts: 1) Please don't buy any more...
by camillus
Tue Aug 21, 2018 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: All figured out
Replies: 20
Views: 2291

Re: Made a big mistake with HSA and looking to fully inform myself before my meeting with accountant.

What I would recommend in this situation is meeting with an accountant, because you need someone to help you with a high level of tax knowledge. You are already doing that. I think after your meeting you should get a pretty straightforward answer. It seems like you are already adequate prepared - an...
by camillus
Tue Aug 21, 2018 1:13 pm
Forum: Personal Consumer Issues
Topic: Graduate Degree Mistakenly (?) Conferred - What to Do? [solved]
Replies: 76
Views: 7529

Re: Graduate Degree Mistakenly (?) Conferred - What to Do?

This is called an integrity test. Yes, it might be nice to save some time and work, but should this come back to bite you, you could be professionally and personally ruined. The most valuable thing at stake here is your reputation. There is a chance the university cut a deloyed service person some s...
by camillus
Mon Aug 20, 2018 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: Is a million really the benchmark for retirement
Replies: 109
Views: 12337

Re: Is a million really the benchmark for retirement

Calico wrote:
Mon Aug 20, 2018 7:25 pm
My fear is outliving my money
A high quality annuity in this situation could potentially alleviate some fear :happy

For edification, see: https://investor.vanguard.com/annuity/immediate
by camillus
Mon Aug 20, 2018 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Is a million really the benchmark for retirement
Replies: 109
Views: 12337

Re: Is a million really the benchmark for retirement

My family of four can live quite well on $4-5k a month.
by camillus
Mon Aug 20, 2018 7:30 pm
Forum: Investing - Help with Personal Investments
Topic: Fund placement
Replies: 11
Views: 838

Re: Fund placement

Hi Camillus Sounds good :happy I just want to alert you to the tax implications of reorganizing your taxable account. It sounds like you won't have any taxable income other than social security in 2019. Sounds like a prime time to get all of your ducks in a row for a long, wonderful retirement. Whi...
by camillus
Mon Aug 20, 2018 6:36 pm
Forum: Investing - Help with Personal Investments
Topic: The more I learn the less I know: general checkup, lots of questions.
Replies: 19
Views: 2748

Re: The more I learn the less I know: general checkup, lots of questions.

Keep in mind that your Roth IRA contributions can be withdrawn tax & penalty free - and can serve as an extended emergency fund. There are few reasons to miss the opportunity to max out Roths while you are piling up cash for no identifiable reason.
by camillus
Mon Aug 20, 2018 6:23 pm
Forum: Investing - Help with Personal Investments
Topic: Fund placement
Replies: 11
Views: 838

Re: Fund placement

we have an additional $200k that we would also like to invest. Just a thought. If the above $200k is just sitting in cash, instead of investing it, you could live off some of that money for a year. During that year of near zero taxable income, you could maximally streamline & reorganize your taxabl...
by camillus
Mon Aug 20, 2018 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Is a million really the benchmark for retirement
Replies: 109
Views: 12337

Re: Is a million really the benchmark for retirement

:oops: I wrote a long post but somehow deleted it. I'll just add - you will be fine, OP! Set up an online account with social security to see what you can expect: https://www.ssa.gov/myaccount/ Some other things: 1) A paid off house would be great 2) Part time work might even be fun 3) If you want t...
by camillus
Sun Aug 19, 2018 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Unequal tax treatment of HSAs and 529s
Replies: 13
Views: 1452

Re: Unequal tax treatment of HSAs and 529s

Conversely, wouldn't it be interesting if at some future date the IRS moved the rules of HSA distributions closer to that of 529s, that is, mandating that qualified withdrawals happen in the same year as the expense. You have to admit, allowing people to hoard receipts for years and years for a late...
by camillus
Sun Aug 19, 2018 1:26 am
Forum: Personal Consumer Issues
Topic: UPDATE: Credit Card Fraud - $30K
Replies: 66
Views: 8725

Re: Credit Card Fraud - $30K

Mint.com is a good suggestion for providing you daily surveillance of all accounts with the ease of entering a PIN number. Another suggestion is that if you are keeping cards open just to improve your average "age of accounts," that you see about having your credit limit reduced. This way if a thief...
by camillus
Sat Aug 18, 2018 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: Money Market Funds vs. Online Banks
Replies: 38
Views: 4077

Re: Money Market Funds vs. Online Banks

I suppose it comes down to convenience and the level of safety that you're going for. My rewards checking account at my local bank pays more than 2% on a balance of 30k. If you are having to manage accounts at a third institution at a lower interest rate, no - it might not be worth it. The nice thin...
by camillus
Sat Aug 18, 2018 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Your major and investing/finance?
Replies: 99
Views: 5215

Re: Your major and investing/finance?

Nursing. The body has many buffering systems that labor to keep different parts of the body in balance, say keeping your electrolytes at the correct levels by taking resources from elsewhere, or maintaining your blood PhD by increasing bicarb or over-ventilating CO2. This is kind of like maintaining...
by camillus
Sat Aug 18, 2018 8:40 pm
Forum: Investing - Theory, News & General
Topic: Vanguard predicts 10 year equity returns
Replies: 91
Views: 10676

Re: Vanguard predicts 10 year equity returns

What is actionable? Perhaps a gut check on asset allocation. What would you all think about reconsidering adding other diversifiers to a portfolio, say REITS? I was not strongly considering this before, but if Vanguard is telling me that domestic equities are not going to do well then perhaps I need...
by camillus
Sat Aug 18, 2018 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Health Check at 30. What Can I Do To Improve?
Replies: 23
Views: 2779

Re: Health Check at 30. What Can I Do To Improve?

myfrogger, I used to comment and shame people who I perceived to make more than me but who had worse financial habits than I did. My trollish behavior was brought to my attention, and I decided to quit. People who post here with questions are curious and just want to move in the right direction. I'...
by camillus
Sat Aug 18, 2018 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Health Check at 30. What Can I Do To Improve?
Replies: 23
Views: 2779

Re: Health Check at 30. What Can I Do To Improve?

myfrogger, I used to comment and shame people who I perceived to make more than me but who had worse financial habits than I did. My trollish behavior was brought to my attention, and I decided to quit. People who post here with questions are curious and just want to move in the right direction. Now...
by camillus
Tue Aug 14, 2018 7:38 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1247
Views: 107947

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

Vanguard’s outlook for global stock and bonds is the most subdued it has been in a decade. Elevated equity valuations, low interest rates, and compressed spreads have pulled the market’s efficient frontier into a lower orbit. In the U.S., equity returns are expected to hover in the 3-5% range, in s...
by camillus
Sun Aug 12, 2018 6:29 pm
Forum: Investing - Help with Personal Investments
Topic: Which account to build up?
Replies: 17
Views: 1070

Re: Which account to build up?

Therefore, paying off your 4.75% mortgage gives you "only" a 3.705% guaranteed return - if you itemize. We will itemize this year because the mortgage interest + State/Local taxes are more than the standard deduction. I predict we will be itemizing at least for the next 5 years. There you have it. ...
by camillus
Sun Aug 12, 2018 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: Which account to build up?
Replies: 17
Views: 1070

Re: Which account to build up?

I am a bit foggy on what the 2018 tax law did to the mortgage interest deduction. I believe the follows is correct: 1) If you itemize your taxes, then you can claim a mortgage interest deduction 2) Your mortgage is large (from my perspective in a LCOL area), but you can claim the full amount of your...