Search found 498 matches

by snowox
Fri Apr 16, 2021 4:42 am
Forum: Personal Consumer Issues
Topic: can I get boglehead approval for a 70K truck?
Replies: 97
Views: 5212

Re: can I get boglehead approval for a 70K truck?

if you lost more than half your portfolio in 3m while the market has gone up, you probably need to stop gambling a lot more than you want a truck. was gambling with some spacs, started at 500K, got up to 1.8 mill, went back down to 750K. still went up like 50ish %? cant complain, but was up 200-300...
by snowox
Sat Apr 10, 2021 5:26 am
Forum: Personal Investments
Topic: AA - Too conservative?
Replies: 27
Views: 2700

Re: AA - Too conservative?

I decided to set my asset allocation to 70% stocks and 30% bonds. I can’t recall exactly how I landed on this and now I’m questioning it. - Have a plan and stick to it. - Have faith in your action. If you don't, you may end up second guessing again and again. I’m currently 36 married with kids and ...
by snowox
Sun Mar 28, 2021 4:55 am
Forum: Personal Investments
Topic: Vanguard vs Fidelity vs M1
Replies: 47
Views: 4253

Re: Vanguard vs Fidelity vs M1

I like Vanguard and time to time will use a PSA if needed. I would say as well you would be fine with fidelity but I fine Vanguard very simple to use and set up was easy and like I said have enjoyed there PSA's from time to time.
by snowox
Tue Mar 16, 2021 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Is buying a house in Illinois with 18k property tax a bad financial decision?
Replies: 40
Views: 3334

Re: Is buying a house in Illinois with 18k property tax a bad financial decision?

I seem to know a lot more people running from the state then moving to the State. Illinois is in a bad way so just expect those taxes to keep climbing. If in a Northern Suburb move North over the Border. If Southern move south over the border. But yes you can afford it. Great City that has been hamm...
by snowox
Tue Mar 16, 2021 5:00 am
Forum: Personal Finance (Not Investing)
Topic: How Much Can I Afford to Spend on Home Improvements?
Replies: 8
Views: 1009

Re: How Much Can I Afford to Spend on Home Improvements?

1.9M almost 80k a year in and by itself. 3-4 k a year or 36-48k a year. I really don't see the issue in spending the amount you need to cover the costs of the things you have listed and then some.
by snowox
Tue Mar 16, 2021 4:29 am
Forum: Personal Finance (Not Investing)
Topic: How much income would justify paying $2500 for a finance planner?
Replies: 58
Views: 5741

Re: How much income would justify paying $2500 for a finance planner?

Why not just use a PSA at Vanguard for a couple months and once things are set up and running leave it be if you don't feel comfortable setting up yourself. Heck of alot cheaper, they wont force things on you and there fee's are minimal to get set up for the long term.
by snowox
Wed Mar 10, 2021 5:16 am
Forum: Personal Finance (Not Investing)
Topic: What's It Really Like to Work With Vanguard's Personal Advisory Service?
Replies: 112
Views: 9012

Re: What's It Really Like to Work With Vanguard's Personal Advisory Service?

I used a PAS advisor for years at Vanguard and was very pleased. I interviewed them and I never found them to be trying to sell me things I dont need and if I brought ideas etc.. would explain in great details both sides of doing so. So I would have to score mine as an A and not because of just retu...
by snowox
Tue Mar 09, 2021 5:11 am
Forum: Personal Investments
Topic: Would you lump sum right now?
Replies: 57
Views: 4274

Re: Would you lump sum right now?

yes with that time frame for sure
by snowox
Fri Mar 05, 2021 5:13 am
Forum: Investing - Theory, News & General
Topic: ARK investment
Replies: 267
Views: 24756

Re: ARK investment

The outflows in ARK is the biggest problem I see right now. If this keeps up there could be serious consequences. They had a good run but I would get out , my .02$
by snowox
Wed Mar 03, 2021 5:01 am
Forum: Personal Investments
Topic: 60/40 are bonds allocated right?
Replies: 3
Views: 938

Re: 60/40 are bonds allocated right?

Eagle33 wrote: Wed Mar 03, 2021 2:11 am Bonds in taxable account is not the most tax-efficient location. Tax-efficient fund placement

Thanks for that. I wonder why then the PSA when I initially got started with Vanguard years ago set things up this way.
by snowox
Tue Mar 02, 2021 3:16 pm
Forum: Personal Investments
Topic: 60/40 are bonds allocated right?
Replies: 3
Views: 938

Re: 60/40 are bonds allocated right?

Moving up
by snowox
Tue Mar 02, 2021 10:54 am
Forum: Personal Investments
Topic: 60/40 are bonds allocated right?
Replies: 3
Views: 938

60/40 are bonds allocated right?

Fellow Bogleheads- Below I just copy and pasted a question I posed at an earlier date that I have had answered. During that time no one really mentioned about my Portfolio itself. With all the talk about Bonds lately I am sticking with my ISP but I have been told more than once by people I trust tha...
by snowox
Mon Mar 01, 2021 7:17 am
Forum: Personal Investments
Topic: Bonds???
Replies: 20
Views: 1784

Re: Bonds???

BND or VBMFX I am already in VBTLX, VFIDX and BNDX so that doesnt answer the question. The question is should one in there 401ks being doing something different then having all Bonds in the 401ks If that is what your IPS calls for then go for it. Sounds miserable to me though.... I prefer all VTI! ...
by snowox
Mon Mar 01, 2021 6:51 am
Forum: Personal Investments
Topic: Bonds???
Replies: 20
Views: 1784

Re: Bonds???

HMSVictory wrote: Mon Mar 01, 2021 6:43 am BND or VBMFX
I am already in VBTLX, VFIDX and BNDX so that doesnt answer the question. The question is should one in there 401ks being doing something different then having all Bonds in the 401ks
by snowox
Mon Mar 01, 2021 6:31 am
Forum: Personal Investments
Topic: Bonds???
Replies: 20
Views: 1784

Re: Bonds???

What if your 60/40 with all your 60 in taxable and all your 40 in 401ks and cash. but fire'd and withdrawing about 3%. Leave it alone or change some of the bonds in 401ks to something else? All Vanguard products? IPS Statement is good unless there is something fundamentally that might be broken beca...
by snowox
Sun Feb 28, 2021 6:05 am
Forum: Personal Investments
Topic: Is this a good time to invest in VTI for long term?
Replies: 34
Views: 3617

Re: Is this a good time to invest in VTI for long term?

You didn’t say how much you have to invest. I’ll make up an example. You have 25k now. Your timeline might be 5 years Invest that 25k and forget about it Over the next 5 years can you save 25k or more again? That’s how I would approach it. Are you maxing a 401k or similar? Roth IRA if eligible? Thi...
by snowox
Sun Feb 28, 2021 5:37 am
Forum: Personal Investments
Topic: Half of the nest egg is in AT &T
Replies: 37
Views: 5185

Re: Half of the nest egg is in AT &T

Another option is an Immediate Income Annuity. As a side note, I believe Vanguard has exited (or in process of exiting) the annuity business. Tony They did the managing of accounts for Transamerica but no longer do as about around the first of the year. And that was a nightmare for a few weeks as T...
by snowox
Sat Feb 27, 2021 5:45 am
Forum: Personal Investments
Topic: Half of the nest egg is in AT &T
Replies: 37
Views: 5185

Re: Half of the nest egg is in AT &T

For what its worth 2 of my favorite Reits that pay High Yields are NLY around 8$ a share and AGNC 16$ or under. Like anything you just need to keep an eye on them and do your own homework but like NLY has proven to pretty much to survive anything and I think should do well going forward and AGNC is ...
by snowox
Wed Feb 17, 2021 5:06 am
Forum: Personal Investments
Topic: 6 years Retired now 56 please review looking for suggestions.
Replies: 41
Views: 8560

Re: 6 years Retired now 56 please review looking for suggestions.

Is there a case to be made to not even bother putting the 800$ a month in the DW's 401k and withdrawal less from my taxable account to make up our 8500 for budget . There is some match but its seem not worth it to put in one and take out another expecially when part of the cost of Voya eats up part ...
by snowox
Mon Feb 15, 2021 10:23 am
Forum: Personal Investments
Topic: 6 years Retired now 56 please review looking for suggestions.
Replies: 41
Views: 8560

Re: 6 years Retired now 56 please review looking for suggestions.

No your not and I can do that. The reason I did a 60/40 was because being honest I didnt really know what to do and Vanguard had put all bonds in my and her other rollover 401ks. I can tell I have to really do some work/research on the roth conversion as it seems there are alot of different points ...
by snowox
Mon Feb 15, 2021 7:11 am
Forum: Personal Investments
Topic: 6 years Retired now 56 please review looking for suggestions.
Replies: 41
Views: 8560

Re: 6 years Retired now 56 please review looking for suggestions.

I agree with both of the following. I suggest you do both, i.e., open a pair of Roth IRA as well as (separately) convert a bit from your Rollover IRAs to Roths every year (you will need to pay taxes on the amount you convert each year). I really don't understand the whole back door roth and a 50% d...
by snowox
Sun Feb 14, 2021 7:56 pm
Forum: Personal Investments
Topic: 6 years Retired now 56 please review looking for suggestions.
Replies: 41
Views: 8560

Re: 6 years Retired now 56 please review looking for suggestions.

one good thing about lake homes particularly the one I live on they don't go down in value. I have lived in this area almost my whole life and nothing really ever comes up for sale on this lake. We got lucky and took years to get on it. So for now we would chose to have this one "Luxury"....
by snowox
Sun Feb 14, 2021 4:25 pm
Forum: Personal Investments
Topic: 6 years Retired now 56 please review looking for suggestions.
Replies: 41
Views: 8560

Re: 6 years Retired now 56 please review looking for suggestions.

I don't know anything about the taxation of Deferred annuities but OP has close to half a million in tax deferred accounts that I would carve out a conservative estimate for taxes unless OP thinks its likely you can get it to 0% for conversions at the Fed level MFJ ($81k AGI?) and live in a state w...
by snowox
Sun Feb 14, 2021 11:45 am
Forum: Personal Investments
Topic: 6 years Retired now 56 please review looking for suggestions.
Replies: 41
Views: 8560

Re: 6 years Retired now 56 please review looking for suggestions.

Also my SS as of now would be 24,500$ a year at 62 and 34,800 at 67, I just looked it up.
by snowox
Sun Feb 14, 2021 11:23 am
Forum: Personal Investments
Topic: 6 years Retired now 56 please review looking for suggestions.
Replies: 41
Views: 8560

Re: 6 years Retired now 56 please review looking for suggestions.

I think the OP is in a good situation. The portfolio alone can support his life style. Now, we know wife is back to work (health insurance problem is solved), there will be annuity and social security in the future. If it were me, I would enjoy my life on a lake and go fishing every day. Maybe fish...
by snowox
Sun Feb 14, 2021 11:18 am
Forum: Personal Investments
Topic: 6 years Retired now 56 please review looking for suggestions.
Replies: 41
Views: 8560

Re: 6 years Retired now 56 please review looking for suggestions.

... There is a 5-year clock on initial Roth IRAs. If you and spouse do not have Roth IRA accounts, consider opening and making minor contributions, if eligible, to start the 5-year clock. ... Good stuff! Will for sure look into it. For Federal income tax purposes, if you file “married jointly” and ...
by snowox
Sun Feb 14, 2021 10:56 am
Forum: Personal Investments
Topic: 6 years Retired now 56 please review looking for suggestions.
Replies: 41
Views: 8560

Re: 6 years Retired now 56 please review looking for suggestions.

dogagility wrote: Sun Feb 14, 2021 10:42 am I'd suggest you take the time to run your numbers in flexible withdrawal calculators like VPW and ABW. Lots of information in the wiki and from posters like longinvest and willthrill88 on these calculators.

Never heard of those. Will google and check them out.
Thanks
by snowox
Sun Feb 14, 2021 10:55 am
Forum: Personal Investments
Topic: 6 years Retired now 56 please review looking for suggestions.
Replies: 41
Views: 8560

Re: 6 years Retired now 56 please review looking for suggestions.

You can do a Roth conversion at any age. You owe ordinary income taxes on any pretax IRA amount converted to a Roth IRA. This BH wiki page on Roth conversions may be helpful: https://www.bogleheads.org/wiki/Roth_IRA_conversion One reason for doing Roth conversions in low income years (for tax purpo...
by snowox
Sun Feb 14, 2021 10:53 am
Forum: Personal Investments
Topic: 6 years Retired now 56 please review looking for suggestions.
Replies: 41
Views: 8560

Re: 6 years Retired now 56 please review looking for suggestions.

Jumping in here to say I’m excited for you. We are 61 now, but I transitioned away from full-time at 53. At that time all three kids were grown and independent. I can appreciate your passion for your home. It’s where you and your family live. Environment is important. Based on your affection for it...
by snowox
Sun Feb 14, 2021 10:51 am
Forum: Personal Investments
Topic: 6 years Retired now 56 please review looking for suggestions.
Replies: 41
Views: 8560

Re: 6 years Retired now 56 please review looking for suggestions.

I really don't understand the whole back door roth and a 50% dip doesn't worry me I would look at that as an opportunity. I guess I am asking for comments good or bad. Suggestions to do different. Analysis of my situation and whatever anyone would constructively contribute. I look at the SS I would...
by snowox
Sun Feb 14, 2021 10:12 am
Forum: Personal Investments
Topic: 6 years Retired now 56 please review looking for suggestions.
Replies: 41
Views: 8560

Re: 6 years Retired now 56 please review looking for suggestions.

I really don't understand the whole back door roth and a 50% dip doesn't worry me I would look at that as an opportunity. I guess I am asking for comments good or bad. Suggestions to do different. Analysis of my situation and whatever anyone would constructively contribute. I look at the SS I would...
by snowox
Sun Feb 14, 2021 9:40 am
Forum: Personal Investments
Topic: 6 years Retired now 56 please review looking for suggestions.
Replies: 41
Views: 8560

Re: 6 years Retired now 56 please review looking for suggestions.

You’re asking for comment good or bad. “I really don't understand the whole back door roth and a 50% dip doesn't worry me I would look at that as an opportunity.“ That comment made me uncomfortable coming from a 56 year old retiree with 4 kids and a wife who could lose her job in a recession. 5% is...
by snowox
Sun Feb 14, 2021 9:08 am
Forum: Personal Investments
Topic: 6 years Retired now 56 please review looking for suggestions.
Replies: 41
Views: 8560

Re: 6 years Retired now 56 please review looking for suggestions.

It seems tight to me to have a family with 4 kids and an 800,000 house, health insurance, taxes, etc. and run the whole thing on 96,000. a year. If you can really do that with no hiccups, unforeseen circumstances, etc. then the 2.5 M could cover that at a 4% return. Too close for my taste. In my vi...
by snowox
Sun Feb 14, 2021 9:02 am
Forum: Personal Investments
Topic: 6 years Retired now 56 please review looking for suggestions.
Replies: 41
Views: 8560

Re: 6 years Retired now 56 please review looking for suggestions.

You’re asking for comment good or bad. “I really don't understand the whole back door roth and a 50% dip doesn't worry me I would look at that as an opportunity.“ That comment made me uncomfortable coming from a 56 year old retiree with 4 kids and a wife who could lose her job in a recession. 5% is...
by snowox
Sun Feb 14, 2021 5:34 am
Forum: Personal Investments
Topic: 6 years Retired now 56 please review looking for suggestions.
Replies: 41
Views: 8560

6 years Retired now 56 please review looking for suggestions.

Fellow Bogleheads. I have been fire'd for 6 years this Coming April 2nd and am just looking to see even though its been working fine if there are some suggestions or questions I should be doing/Asking to do better. We moved fast into Fire when I decided I was done with my business and at the time I ...
by snowox
Thu Feb 11, 2021 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Boglehead bathroom repair
Replies: 36
Views: 2705

Re: Boglehead bathroom repair

While it doesn't last the longest but its been around, find some tiles the same size to replace and you can paint them. They will look brand new and there is nothing wrong with doing it. No different than people putting in these fake wood floors. Couple hours and done. Just google how to paint tiles...
by snowox
Mon Feb 08, 2021 5:53 am
Forum: Personal Finance (Not Investing)
Topic: What's your highest limit credit card?
Replies: 98
Views: 6086

Re: What's your highest limit credit card?

25k Citi MC 2% back on everything. Cant remember really ever getting that close to charging that much in a month but 840 ish score. Spend enough to pay for all our Christmas shopping every year.
by snowox
Mon Jan 25, 2021 5:32 am
Forum: Personal Consumer Issues
Topic: Where do you buy your pet supply?
Replies: 29
Views: 1310

Re: Where do you buy your pet supply?

Amazon.. convenient.
by snowox
Sat Jan 23, 2021 6:27 am
Forum: Personal Investments
Topic: Low cost advisors
Replies: 20
Views: 1369

Re: Low cost advisors

Is she OK working with someone over the phone/internet or does she want a local office? Vanguard advisor services (PAS) is only over the phone/internet and they will place her in low cost index ETFs. At 0.3% the fee is difficult to beat. At $400K I believe she will have an advisory team not a dedic...
by snowox
Sat Jan 23, 2021 6:06 am
Forum: Personal Finance (Not Investing)
Topic: Who or what has helped the most in your financial journey?
Replies: 121
Views: 7388

Re: Who or what has helped the most in your financial journey?

For me yea i grew up in a [expletive deleted -- mod oldcomputerguy] situation but never-the-less my dad was a hard [removed -- mod oldcomputerguy] worker who never made a dime. I learned to become a hardworker at a very young age but the problem was because we never had anything I spent it. I made a...
by snowox
Sat Jan 23, 2021 5:22 am
Forum: Personal Investments
Topic: Undervalued Stock Picks
Replies: 33
Views: 3880

Re: Undervalued Stock Picks

Dollar Stock- WTER a canibus company that is making drinks Home Stock-ADT is a good buy here at around 10$ a share with all the home growth going on. MO is actually at a good evaluation with a great Yield around 8% for a Tobacco Stock EXERS could be a tripler in Biomedical GBTC around 32$ I don't th...
by snowox
Fri Jan 22, 2021 5:43 am
Forum: Investing - Theory, News & General
Topic: Why Vanguard?
Replies: 77
Views: 6958

Re: Why Vanguard?

I am another one that likes Vanguard and finds it easy to use there tools etc.. I have not had issues with phone calls and in fact find them to be very easy and no pushy. So for me it would be Vanguard and Toyota. :sharebeer
by snowox
Thu Jan 21, 2021 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Millionaire kids: Do your parents know you’re rich?
Replies: 54
Views: 5031

Re: Millionaire kids: Do your parents know you’re rich?

Never talk about it but since we fire'd at 50/46 they either think were doing ok or just lazy as all hell. There even better off as I am child from first marriage so doubt they even think about it. In laws could care less and just not nosy people as Long as There daughter is being treated right all ...
by snowox
Wed Jan 20, 2021 4:30 am
Forum: Personal Consumer Issues
Topic: Any multimillionaire's (more than 2mm) out there still mow their own lawn?
Replies: 341
Views: 25975

Re: Any multimillionaire's (more than 2mm) out there still mow their own lawn?

That’s a great 1-upper! If I had a $2M house, I would likely mow my own grass..... But I intentionally want to live someplace where I fit in,and feel normal. So I don’t think I’d ever have a house worth 2million. And that is mostly because I don’t think I’d be comfortable around, or fit in with peo...
by snowox
Wed Jan 20, 2021 4:24 am
Forum: Investing - Theory, News & General
Topic: Fair index values from those who think markets are overvalued
Replies: 7
Views: 941

Re: Fair index values from those who think markets are overvalued

Am sure There are plenty here who think markets are overvalued and need to drop some or more. What are the fair index values according to them ? Averaging out this from a sufficient sample size might help in finding out good entry points if/when the market does actually go down . Somewhat of market...
by snowox
Tue Jan 19, 2021 4:00 pm
Forum: Personal Consumer Issues
Topic: Any multimillionaire's (more than 2mm) out there still mow their own lawn?
Replies: 341
Views: 25975

Re: Any multimillionaire's (more than 2mm) out there still mow their own lawn?

Yes I mow my own lawn, Shovel my driveway and much more. Thats how I got to the portfolio I have. Its relaxing and some of it I look at as a workout. Dont pay for things you can do yourself because there are to many of those already.
by snowox
Mon Jan 18, 2021 5:32 am
Forum: Personal Finance (Not Investing)
Topic: Rental property proposition
Replies: 17
Views: 1509

Re: Rental property proposition

Well it doesnt matter anymore. I called and left a message to give me 24 hours to think about it and they didnt respond but instead called a broker and already have 2 offers. So guess wasnt meant to be, kinda dirty pool on there part so at least I learned something and can do more homework as well ...
by snowox
Sun Jan 17, 2021 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Rental property proposition
Replies: 17
Views: 1509

Re: Rental property proposition

Well it doesnt matter anymore. I called and left a message to give me 24 hours to think about it and they didnt respond but instead called a broker and already have 2 offers. So guess wasnt meant to be, kinda dirty pool on there part so at least I learned something and can do more homework as well a...
by snowox
Sun Jan 17, 2021 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Rental property proposition
Replies: 17
Views: 1509

Re: Rental property proposition

For years I have been looking to diversify and get into the rental business. Something fell in my lap yesterday where I would get first option on a home for 165k cash offers only ... Then I would obviously have to pay cash which I have and afterwards go get a loan and though I am retired my wife wo...
by snowox
Sun Jan 17, 2021 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Rental property proposition
Replies: 17
Views: 1509

Re: Rental property proposition

If I understood your post right you would buy it for $165K, put $25K into it for a total of $190K then it might be worth $200K. That assumes that you don't find anything unexpected when you fix it up. The house would also be empty for several months while you are fixing it up do you also need to bu...