Search found 832 matches

by sergeant
Thu Dec 28, 2017 8:23 pm
Forum: Investing - Help with Personal Investments
Topic: General question on college savings
Replies: 60
Views: 3055

Re: General question on college savings

Good job providing for your child's education. I wish that I had gone the 529 route. It worked out pretty well for us just going the taxable account path though. We put about $500 a month in per each kid from when they were born. It was a 50/50 AA at Vanguard. First kid graduated high school in 2008...
by sergeant
Thu Dec 28, 2017 4:48 pm
Forum: Investing - Help with Personal Investments
Topic: Wife's Windfall/Inheritance/Retirement/Merrill Lynch
Replies: 37
Views: 5146

Re: Wife's Windfall/Inheritance/Retirement/Merrill Lynch

You are welcome. Seems like you're closer to a plan. We bought some service credit for my DW's pension but used pre-tax money through payroll deduction over a period of a few years. We also always maxed out DW's (and mine) 457b account. Both strategies lowered our tax burden and proved to be wise ch...
by sergeant
Wed Dec 27, 2017 2:47 am
Forum: Investing - Help with Personal Investments
Topic: Wife's Windfall/Inheritance/Retirement/Merrill Lynch
Replies: 37
Views: 5146

Re: Wife's Windfall/Inheritance/Retirement/Merrill Lynch

1. Many argue that having international isn't all that important. Some say having a diversified US portfolio is fine and has some international baked in as large US companies deal at the international level. 40% of my equities are international. 2. Vanguard can take care of everything that you want ...
by sergeant
Sat Dec 23, 2017 5:36 pm
Forum: Investing - Help with Personal Investments
Topic: Are Roth IRAs overrated?
Replies: 88
Views: 10594

Re: Are Roth IRAs overrated?

FIREchief wrote:
Sat Dec 23, 2017 4:59 pm
nisiprius wrote:
Sat Dec 23, 2017 3:02 pm
I pity anybody who inherits a 401(k) or a traditional IRA.
Why? :confused
Not nisiprius but probably cause someone died and it's much easier to inherit a ROTH.
by sergeant
Fri Dec 22, 2017 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Do you see a meaningful change in your income with new Tax Bill?
Replies: 266
Views: 23679

Re: Do you see a meaningful change in your income with new Tax Bill?

We will pay about $2100 less a year in Federal taxes. Nothing remotely meaningful for us.
by sergeant
Thu Dec 21, 2017 2:50 pm
Forum: Investing - Theory, News & General
Topic: 2nd million is easier!
Replies: 123
Views: 25388

Re: 2nd million is easier!

I agree. NYC guy seems like a genuine person and I appreciate his posts. I also appreciate his shout out to first responders.
by sergeant
Wed Dec 20, 2017 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement account advice, invest now?
Replies: 9
Views: 568

Re: Retirement account advice, invest now?

Pick an appropriate AA and do it now.
by sergeant
Tue Dec 19, 2017 9:33 pm
Forum: Investing - Help with Personal Investments
Topic: 2M savings investment help
Replies: 49
Views: 10497

Re: 2M savings investment help

I'm glad that you are more comfortable with your portfolio. I would not have added to the private REIT, actually I would not have gone into it for the first 250k, but as long as your good.
by sergeant
Mon Dec 18, 2017 9:46 pm
Forum: Personal Consumer Issues
Topic: New job offer - background check
Replies: 140
Views: 8569

Re: New job offer - background check

I was surprised you were treated as an adult for a vandalism charge. HB 3718 was signed into law in 2015 to keep it from happening again. I think you have handled it properly and the convictions will not be found out. If it was a government job my advice would be different. You would have been treat...
by sergeant
Mon Dec 18, 2017 4:21 pm
Forum: Personal Consumer Issues
Topic: Spending on myself, am I off base here?
Replies: 104
Views: 6417

Re: Spending on myself, am I off base here?

You are not off base. Either is she. If in your shoes I would use my bonus money to buy the item. Most (not here) people look at bonus money as found money and feel better about spending part of it.
by sergeant
Thu Dec 14, 2017 12:54 pm
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 20013

Re: Buying Real Silver and Gold (Not Bitcoin)

Your spread price at that shop is crazy. Develop a relationship with the shop owner, tell him you will be in once a month or whatever to buy a decent sized amount of silver and see what he will do for you. I'm guessing he will waive the tax and his spread will be less than a buck over spot. He prefe...
by sergeant
Wed Dec 13, 2017 3:17 pm
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 20013

Re: Buying Real Silver and Gold (Not Bitcoin)

It might be a good time for commodities. I would prefer an emerging market fund as a commodity play. I have owned lots of physical silver bought in the mid 80's at under $6 an ounce. I sold almost all of it a handful of years ago as it neared $50 an ounce. It felt good to be rid of it.
by sergeant
Wed Dec 13, 2017 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Done gone and did it [Retire]
Replies: 80
Views: 8733

Re: Done gone and did it

This event just happened right before Thanksgiving. And, it is a megacorp. I didn't intend to express doubt. I'd take a layoff if I could get it. That would be better for me. After all, I don't get any severance or unemployment. Earl Lemongrab, She was laid off before the end of the year. Hence, sh...
by sergeant
Wed Dec 13, 2017 12:50 am
Forum: Personal Finance (Not Investing)
Topic: New Military Blended Retirement System starting in 2018
Replies: 40
Views: 7728

Re: New Military Blended Retirement System starting in 2018

Nords, thanks for the information. My son is an Army officer deployed to South Korea. He has used your site to help his platoon members make the right decision on this topic.
by sergeant
Tue Dec 12, 2017 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to live on one income?
Replies: 70
Views: 6368

Re: Can we afford to live on one income?

You can do it and still be fine financially. Once you make the leap don't look back and wonder how much better financially you would have been just enjoy having the wife home with the baby.
by sergeant
Mon Dec 11, 2017 10:18 pm
Forum: Investing - Theory, News & General
Topic: Just not getting it [Stock Picking versus TSM]
Replies: 98
Views: 15332

Re: Just not getting it

Well, have you got it yet?
by sergeant
Sun Dec 10, 2017 8:41 pm
Forum: Investing - Help with Personal Investments
Topic: Help for Mom - Retiring, Windfall, Edward Jones
Replies: 9
Views: 2190

Re: Help for Mom - Retiring, Windfall, Edward Jones

So I had assumed that annuitizing some of her assets (if that's a real verb) would be an ideal way to give her a baseline fixed income. This is because her small pension and SS income will cover less than half her expenses and also because most of her money is in taxable accounts. But after looking...
by sergeant
Sun Dec 10, 2017 7:46 pm
Forum: Investing - Help with Personal Investments
Topic: Fraud/401k sales and the elderly parent
Replies: 15
Views: 2122

Re: Fraud/401k sales and the elderly parent

Not sure where you are located but the two So. Ca. FBI offices will absolutely not get involved in such a low dollar theft. Also, the FBI isn't magic, the money that is gone is gone, the local cops do all the heavy lifting anyways. This is a tough situation. A bunch of good info has already been sha...
by sergeant
Thu Dec 07, 2017 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Does this make sense (457B)
Replies: 5
Views: 498

Re: Does this make sense (457B)

Do it.
by sergeant
Wed Dec 06, 2017 11:38 pm
Forum: Investing - Help with Personal Investments
Topic: End of life care: urgent.
Replies: 9
Views: 2242

Re: End of life care: urgent.

Contact a local attorney versed in guardianship issues.
by sergeant
Mon Dec 04, 2017 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: Reached 4M target. Taking money off table. Advice?
Replies: 120
Views: 22092

Re: Reached 4M target. Taking money off table. Advice?

Sergeant, No doubt trolling exists but not sure why you target OP. You imply his “writing skills are lacking” as if that’s a red flag signaling trolldom—a shaky assumption. At any rate, apart from minor typos, a few comma splices, failure to capitalize “Toyota” etc., don’t see major writing issues ...
by sergeant
Sun Dec 03, 2017 3:36 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with a variable annuity?
Replies: 21
Views: 2884

Re: What to do with a variable annuity?

Lt., I believe your guess on the account balance being higher will be incorrect. Salesman probably has her in mainly the fixed income portion as she's 70. That fund will not have an increase higher than the fees. It is nice that you are helping her get out of this loser. I'm always sad when folks ge...
by sergeant
Fri Dec 01, 2017 9:20 pm
Forum: Investing - Help with Personal Investments
Topic: Reached 4M target. Taking money off table. Advice?
Replies: 120
Views: 22092

Re: Reached 4M target. Taking money off table. Advice?

I'm not sure what information the OP is seeking. I do find it odd that his "first threshold" was 4 million dollars. Mine was a thousand dollars. When I hit a hundred thousand that was another... First time posters with huge portfolios always make me wonder if were being trolled especially when their...
by sergeant
Fri Dec 01, 2017 8:26 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones trap
Replies: 45
Views: 6352

Re: Edward Jones trap

Don't bother. No upside for you and any market correction would not have happened if she had stayed at EJ.
by sergeant
Fri Dec 01, 2017 2:53 pm
Forum: Investing - Theory, News & General
Topic: Ok reasons for a 37 year old to have a 60/40 mix?
Replies: 61
Views: 9897

Re: Ok reasons for a 37 year old to have a 60/40 mix?

Your pensions will cover all expenses in retirement, you have a good savings rate, you have a reasonable investment plan. As long as you have LTC covered I see nothing but success here. :sharebeer
by sergeant
Mon Nov 27, 2017 9:50 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity Exit Strategy Help Requested: Wife’s ROTH IRA – Allianz 222 Fixed Index Annuity – Stay or go? How?
Replies: 34
Views: 2587

Re: Annuity Exit Strategy Help Requested: Wife’s ROTH IRA – Allianz 222 Fixed Index Annuity – Stay or go? How?

I just rip the Band-Aid off, throw it in the trash, and move on when I don't need it anymore. That's what I would do. A few years from now you will look back and realize it was a cheap lesson because you learned to invest the Boglehead way. Don't beat yourself up. Almost all of us have made investin...
by sergeant
Mon Nov 27, 2017 9:07 pm
Forum: Investing - Help with Personal Investments
Topic: Inheriting a large sum, slightly intimidated.
Replies: 51
Views: 5993

Re: Inheriting a large sum, slightly intimidated.

1. Don't tell any of your beat partners. They will be hitting you up for loans and you will be paying for code-7's for the rest of your career. 2. Max out your deferred comp account. 3. All new cops buy a new truck or car when they get hired. Keep the one you have now, don't run out and upgrade. 4. ...
by sergeant
Mon Nov 20, 2017 11:20 pm
Forum: Personal Consumer Issues
Topic: Want to build dream workshop/garage, but don't know how to start
Replies: 50
Views: 3724

Re: Want to build dream workshop/garage, but don't know how to start

I'm a few months or years away from early retirement, and my dreams don't include much travelling. I want to spend my time making things. So I want to build a workshop, but I have no idea where to begin! I'm thinking of a building around 30X50 feet, 10-15 feet tall, with some garage type doors so p...
by sergeant
Sun Nov 19, 2017 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: The valet smashed my Tesla into a brick wall!
Replies: 108
Views: 14367

Re: The valet smashed my Tesla into a brick wall!

Valet mode keeps it below 70 mph. I bet the valet got it close to max. :shock:
by sergeant
Sun Nov 19, 2017 8:29 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisor Services/Portfolio Review
Replies: 45
Views: 4686

Re: Vanguard Personal Advisor Services/Portfolio Review

What a refreshing post by OP. Usually I'm reading about some poor confused poster wondering if their horrible Edward Jones or Ameriprise or Index Variable annuity is a good deal. I think the proposed portfolio is very good. Not perfect, but close enough. To those suggesting 60/40 is too much risk I ...
by sergeant
Fri Nov 17, 2017 8:24 pm
Forum: Investing - Help with Personal Investments
Topic: An enviable problem?
Replies: 33
Views: 4325

Re: An enviable problem?

He should be at about six million now. Hopefully he has recognized how wealthy he truly is.
by sergeant
Fri Nov 17, 2017 4:26 pm
Forum: Investing - Help with Personal Investments
Topic: Help for semi retired friend with 8 figure savings
Replies: 68
Views: 5943

Re: Help for semi retired friend with 8 figure savings

Ok, I will imagine it is all in cash right now instead of it's current state of disarray. I would have 3 million in muni-bonds, 2 million cash, the remaining 21 million would be in an appropriate target date retirement fund that matches their desired AA. I would meet with an estate lawyer to make su...
by sergeant
Thu Nov 16, 2017 5:20 pm
Forum: Investing - Theory, News & General
Topic: Retirees: I got this!!
Replies: 82
Views: 10892

Re: Retirees: I got this!!

What type of pension is it? Many public pensions have a 70% purchasing power protection provision. State government employees (CalPERS) There is a provision that provides partial protection to pension recipients when inflation outruns the COLA. I don’t have the number in front of me but I think tha...
by sergeant
Mon Nov 13, 2017 10:57 pm
Forum: Investing - Help with Personal Investments
Topic: What might you ask In-laws' FA?
Replies: 39
Views: 3426

Re: What might you ask In-laws' FA?

An older aunt invited me in with her FA once. She was 80 and worth about 40 mil. Her FA at Merrill Lynch was an old fellow that she spoke highly of. They had been together for a long long time. I met the fellow. Smiled. Acted courteous. That was it. Her relationship with her FA was stronger than he...
by sergeant
Sun Nov 12, 2017 2:19 pm
Forum: Investing - Theory, News & General
Topic: Retirees: I got this!!
Replies: 82
Views: 10892

Re: Retirees: I got this!!

I retired 2 years ago at 59. I was comfortable from Day 1... mostly attributable to having learned to reduce my expenses for a dozen years prior to retirement in order to pay off consumer debt. I learned that I can live on much less. And lots of planning. Of three actual and potential income stream...
by sergeant
Sat Nov 04, 2017 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Should I decline Grand Prize trip because of taxes on winnings?
Replies: 107
Views: 13727

Re: Should I decline Grand Prize trip because of taxes on winnings?

Scam alert! I bet they want the "taxes" up front. I have had hundreds of victims/winners come into the lobby at work after winning a contest. Not one ever got their money back.
by sergeant
Mon Oct 30, 2017 10:40 pm
Forum: Investing - Help with Personal Investments
Topic: New guy here- almost 50 trying to help 70year old
Replies: 26
Views: 3145

Re: New guy here- almost 50 trying to help 70year old

Most every person her started as an active investor before finding the true path. Stick around awhile and you will join us.
by sergeant
Mon Oct 30, 2017 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: we bought a house - are we housepoor now?
Replies: 195
Views: 12071

Re: we bought a house - are we housepoor now?

rebellovw wrote:
Sun Oct 29, 2017 3:41 pm
If you were in CA - the property taxes on a 900K house would be crazy- and you would likely be house poor.
They would be about $9000 a year. Now if he was in Texas he would be paying about $27,000 a year! :shock:
by sergeant
Mon Oct 30, 2017 2:21 am
Forum: Investing - Help with Personal Investments
Topic: Should I pay off mortgage? Has this ever been asked before?
Replies: 41
Views: 4004

Re: Should I pay off mortgage? Has this ever been asked before?

Is there a "dirty little secret" house fund sitting around with 129k in it? :D I paid ours off a few months before retiring but the balance was much lower than yours. My recommendation is split the difference. Double up your payments and pay it off earlier that way.
by sergeant
Sun Oct 29, 2017 2:36 pm
Forum: Personal Consumer Issues
Topic: Sunscreen: use it all the time? (And what's a good one w/o sting?)
Replies: 58
Views: 4640

Re: Sunscreen: use it all the time? (And what's a good one w/o sting?)

I don't like chemicals and use coconut oil to moisturize. It only has an SPF of 4 but it's better than nothing. I do sometimes use sunscreen on ears, neck, hands, and face if going to be out in the sun for an extended period. I always wear a baseball cap or wide brim hat as well. I'm not in a high r...
by sergeant
Sun Oct 29, 2017 2:13 pm
Forum: Investing - Theory, News & General
Topic: Throwing Down with a Primerica Advisor
Replies: 49
Views: 5339

Re: Throwing Down with a Primerica Advisor

You can lead a horse to water... :|
by sergeant
Sun Oct 29, 2017 12:22 am
Forum: Personal Finance (Not Investing)
Topic: Can I retire today?
Replies: 132
Views: 9476

Re: Can I retire today?

Teague, I would just advise you to pay attention to pension happenings in your state. You're with CalPERS, right? They, and many other pension funds across the country, have very large unfunded liabilities. You have enough assets that you'll probably be OK, but be prepared to cut back if need be. I...
by sergeant
Sun Oct 29, 2017 12:09 am
Forum: Investing - Help with Personal Investments
Topic: What is the best AA for me?
Replies: 24
Views: 2090

Re: What is the best AA for me?

I read your other thread. Congrats on the retirement. Your AA sounds good for you. I'm 50/50, 54 years old and retired last year with a pension that supplies 3 times our expenses. I don't think you need to increase your AA.
by sergeant
Wed Oct 25, 2017 12:16 am
Forum: Investing - Help with Personal Investments
Topic: Commission only fiduciary planner
Replies: 129
Views: 6818

Re: Commission only fiduciary planner

So, are you going to the follow up meetings? I sure hope not. Also, Your friends are paying fees. Your explanation of the presenters explanation doesn't make sense.
by sergeant
Tue Oct 24, 2017 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: How to save inheritance from grandfather for 18 & 20 year old sons
Replies: 28
Views: 3382

Re: How to save inheritance from grandfather for 18 & 20 year old sons

How about they just gift you the money and you give it to your boys when you think it is the appropriate time. How about your BIL's gift it to their kids when it is the appropriate time. This isn't that complicated.
by sergeant
Sun Oct 22, 2017 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for medical school for son?
Replies: 79
Views: 6318

Re: Paying for medical school for son?

I am looking at potentially paying for or at least providing significant financial assistance for two children through medical school. It is a lot of money. These loan forgiveness programs have got me thinking if it would be better to have them borrow more and help less. Definitely agree with some ...