Search found 3663 matches

by Wiggums
Wed Apr 21, 2021 5:39 pm
Forum: Personal Investments
Topic: Retirement Spend Down
Replies: 10
Views: 1328

Re: Retirement Spend Down

Sorry to hear about the job loss. We have the same assets, age 59, and we are doing Roth conversions. Our house is paid off and we have cash for the conversions. You might be slightly better off if you don’t take the taxes from the IRA. However, the bigger issue is when one passes, the other has RMD...
by Wiggums
Wed Apr 21, 2021 1:29 pm
Forum: Personal Investments
Topic: Firecalc vs OpenSocialSecurity calculator Question
Replies: 8
Views: 568

Re: Firecalc vs OpenSocialSecurity calculator Question

Perhaps one of the tools does not take taxes in consideration?

The general wisdom is for the higher SS earner to delay until age 70 while the other person goes early or FRA.

If you have a lot of pre-tax money, Roth conversions might persuade you to defer social security.
by Wiggums
Wed Apr 21, 2021 1:19 pm
Forum: Personal Investments
Topic: Valuations/Allocation
Replies: 8
Views: 429

Re: Valuations/Allocation

With the Current PE Ratio of the S&P 500 at 42, the Schiller PE at 37, the Price to Book at 4.5, the Buffet Indicator at 202%, the S&P 500 Dividend yield at 1.38%, at the Intrinsic Value at 3,700, is anyone increasing cash, bonds, or value stocks? It seems like stocks are severely overprice...
by Wiggums
Wed Apr 21, 2021 11:04 am
Forum: Personal Investments
Topic: I Bonds for a minor
Replies: 10
Views: 618

Re: I Bonds for a minor

I-bonds would be a great investment for your infant.

My kids also had a brokerage account to save for college. A 529 is another great option for educational savings.
by Wiggums
Tue Apr 20, 2021 8:01 am
Forum: Personal Investments
Topic: For "bucket" strategy...WTH do I use for my second "bucket"?
Replies: 19
Views: 2494

Re: For "bucket" strategy...WTH do I use for my second "bucket"?

hey guys, My wife and I am retired at 57 years old. I like the "bucket" strategy where I keep the first "bucket" 4 years of needed living money in cash. The second "bucket" is supposed to be medium risk investments where I make some interest but it still hedges against...
by Wiggums
Tue Apr 20, 2021 7:46 am
Forum: Personal Investments
Topic: How fast to readjust AA
Replies: 11
Views: 771

Re: How fast to readjust AA

I am not a big fan of getting a paycheck and holding stock from the same employer. If you feel the same way, why not sell the company stock and put into the TDF fund? It would not be unreasonable to hold 5-10% company stock. I just never did that. I had coworkers that held their entire portfolio in ...
by Wiggums
Tue Apr 20, 2021 7:27 am
Forum: Personal Investments
Topic: How to think of 529s and asset allocation?
Replies: 11
Views: 969

Re: How to think of 529s and asset allocation?

Our kids have brokerage accounts for 18+ years and not 529. They hold one semester in cash and the rest is in a 70/30 fund. They are in college 4-6 years so it would make sense to stay invested to the extent you feel comfortable.
by Wiggums
Mon Apr 19, 2021 12:24 pm
Forum: Personal Consumer Issues
Topic: Warren Buffett: Inside the Ultimate Money Mind by Robert G Hagstrom
Replies: 4
Views: 584

Re: Warren Buffett: Inside the Ultimate Money Mind by Robert G Hagstrom

I just ordered the book. Not expecting or looking for any investment methods. Hagstrom wrote other books on Buffet, but they are a little dated now. I’ve been a boglehead forever so I’m hoping that this one is more of a thinking book.

Thanks for the tip.
by Wiggums
Mon Apr 19, 2021 12:04 pm
Forum: Personal Investments
Topic: Almost on FIRE
Replies: 32
Views: 4809

Re: Almost on FIRE

The taxes on your w2 income is close to $40k. So I assume that you are saving $60k and the rest (80k) is expenses. Does that sound right? Will you have retiree medical through your employer? Remember that you will owe taxes on tax deferred accounts. Retirement at 55 is a reasonable high level goal a...
by Wiggums
Mon Apr 19, 2021 10:02 am
Forum: Personal Investments
Topic: How should I invest in my 401k account
Replies: 21
Views: 1872

Re: How should I invest in my 401k account

Thanks everyone for the advice :D I've updated the post with the ER of each fund. I can't seem to find the ticket symbols for those funds, though. I think I'll go with either the BlackRock Target Date Fund 2065 (ER 0.06%), or with the S&P500 and PIMCO bond fund. An expense ratio of .06% for a b...
by Wiggums
Mon Apr 19, 2021 9:47 am
Forum: Personal Investments
Topic: Reinvest v Transfer to settlement fund
Replies: 9
Views: 475

Re: Reinvest v Transfer to settlement fund

Normally, you see that method of not reinvesting earnings in taxable (to adjust the allocation). Obviously, you can do that in an IRA as well. I guess I’m impatient and prefer to do the sell, buy and move on when not taxable.
by Wiggums
Mon Apr 19, 2021 6:53 am
Forum: Personal Investments
Topic: First time market timer
Replies: 13
Views: 1283

Re: First time market timer

We are retired, both age 59. AA slowly reduced to 70/30. Nothing wrong with reducing your stock position to add more fixed income as your new AA. We are still buying stock, but at a slower rate. I stop trying to predict when the market will rise or fall.
by Wiggums
Mon Apr 19, 2021 6:03 am
Forum: Personal Investments
Topic: 65 y.o. seeks advise on retirement at 70
Replies: 39
Views: 3405

Re: 65 y.o. seeks advise on retirement at 70

I am not a big fan of bonds at these levels, but I would encourage you to consider adding another 15% of fixed income. This is important in retirement.

It’s great that you are eliminating the mortgage.

Good luck to you.
by Wiggums
Sun Apr 18, 2021 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Bad Work Situation - Can I Retire Leave/Retire
Replies: 27
Views: 4924

Re: Bad Work Situation - Can I Retire Leave/Retire

BillWalters wrote: Sun Apr 18, 2021 6:01 pm Yes, you’re good.
I agree.
by Wiggums
Sun Apr 18, 2021 5:40 pm
Forum: Personal Investments
Topic: Financial Samurai Blog -Passive Income Portfolio - is this guy legit or am I going off track?
Replies: 67
Views: 16586

Re: Financial Samurai Blog -Passive Income Portfolio - is this guy legit or am I going off track?

I take with a huge grain of salt any of these financial bloggers. Sure, maybe he’s a multi millionaire with multiple income streams generating $100,000s of year in income. Or maybe he’s full of crap. I mean, ask yourself this question. How many people could really be buying his e-book “engineering ...
by Wiggums
Sun Apr 18, 2021 10:16 am
Forum: Personal Investments
Topic: What does "won the game stop playing" mean in practice?
Replies: 187
Views: 14243

Re: What does "won the game stop playing" mean in practice?

To me, it meant that our entire portfolio exceeded our conservative retirement number. Our college age kids have their own brokerage accounts and they pay their own tuition. We paid off the house and it feels great. We slowly moved down to 70/30 and I think we will stay with this AA for now. We cont...
by Wiggums
Sun Apr 18, 2021 9:12 am
Forum: Personal Investments
Topic: Ideal balance between tax deferred, Roth and taxable accounts
Replies: 15
Views: 1542

Re: Ideal balance between tax deferred, Roth and taxable accounts

I am interested to know if there are any general rules or guidelines about how much, on a percentage basis, ideally would be held in these different accounts? There are no guidelines. A person's ratios depend on what opportunities they have available, how much they save, and where they decide to pu...
by Wiggums
Sun Apr 18, 2021 9:01 am
Forum: Personal Investments
Topic: Where to put $400K To Be Used For College Expenses in 5 years?
Replies: 26
Views: 2692

Re: Where to put $400K To Be Used For College Expenses in 5 years?

We are at 70/30 and we leave the money invested until it is needed to pay tuition, housing and books. CyclingDuo makes a great point about the money needed one semester at a time. Yes, the market can dip, so you will need to decide if this is a problem for you.
by Wiggums
Sat Apr 17, 2021 1:26 pm
Forum: Personal Investments
Topic: Roth Conversions in Retirement
Replies: 23
Views: 2258

Re: Roth Conversians in Retirement

I would do Roth conversions in the 22% bracket! Even if you spill into the 24% bracket by mistake, you only pay 24% on the amount in the 24% range.

If you have a state tax, they get their share too!

Congratulations on your retirement
by Wiggums
Fri Apr 16, 2021 7:19 am
Forum: Personal Investments
Topic: Roth Help for Adult Children or Inheritances?
Replies: 19
Views: 1682

Re: Roth Help for Adult Children or Inheritances?

I am a “I can do it myself!!!!” person, and sometimes that means it takes me longer and with bruises and bumps. I like the satisfaction and strength that comes from pushing through and discovered what I can do. That said. Once upon a time...when I got divorced, it was definitely a hit in standard o...
by Wiggums
Fri Apr 16, 2021 7:09 am
Forum: Personal Consumer Issues
Topic: can I get boglehead approval for a 70K truck?
Replies: 97
Views: 5404

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

calculated risk? is that wording better? nothing is ever guaranteed in life. everything is always a gamble. everyone lives with their risk profile, and i am okay with 100% in tesla. My dad’s coworkers were okay with having 100% of their retirement invested in company stock — while it was going up, ...
by Wiggums
Fri Apr 16, 2021 7:02 am
Forum: Personal Investments
Topic: Anyone Buying 5 Year Tips Next Week?
Replies: 8
Views: 1180

Re: Anyone Buying 5 Year Tips Next Week?

We are all complaining about the rates, but it did not prevent me from buying more fixed income. Sticking to ones well thought out plan is (usually) better than changing strategies due to last minute decisions.
by Wiggums
Thu Apr 15, 2021 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Disabled at 39 - looking for some general guidance
Replies: 19
Views: 3462

Re: Disabled at 39 - looking for some general guidance

I challenged an insurance claim, and in my case, they accepted a statement from my attorney and we won. I’d call it binding arbitration with the insurer being judge and jury. However, the insurer will pay the claim if they rejected it in error. It helps if your attorney has a lot of experience and c...
by Wiggums
Thu Apr 15, 2021 6:26 pm
Forum: Personal Investments
Topic: Work 401K investment suggestions
Replies: 16
Views: 1006

Re: Work 401K investment suggestions

TIAA-CREF Lifecycle Idx 2055 R/TC 55 Exp Ratio .35
-or-
State Street Equity 500 ldx Adm/FINX Exp Ratio .17

I’d be ok with either of these. Is this the list of funds with only one TDF shown?
by Wiggums
Thu Apr 15, 2021 5:11 pm
Forum: Personal Investments
Topic: Buying dividend stocks
Replies: 40
Views: 4230

Re: Buying dividend stocks

With bond fund interest rates so low, is there anything wrong in retirement with buying high dividend stocks and holding them forever? Seems a lot of people think buying stocks just for the dividends is a bad idea. I'm talking stocks that would hopefully not cut their dividends. Stocks (dividend or...
by Wiggums
Wed Apr 14, 2021 7:50 pm
Forum: Personal Investments
Topic: Wash sale question
Replies: 6
Views: 308

Re: Wash sale question

A wash sale occurs when you sell a security at a loss and then purchase that same security or “substantially identical” securities within 30 days (before or after the sale date). Did you sell the stock that you want more of at a loss? No I haven’t sold the stock yet. I used some cash to buy more at...
by Wiggums
Wed Apr 14, 2021 7:46 pm
Forum: Personal Investments
Topic: Wash sale question
Replies: 6
Views: 308

Re: Wash sale question

A wash sale occurs when you sell a security at a loss and then purchase that same security or “substantially identical” securities within 30 days (before or after the sale date). It sounds like you want to sell some other equity to buy more of the new company. That would be fine as long you did not ...
by Wiggums
Wed Apr 14, 2021 5:51 pm
Forum: Personal Investments
Topic: 401K investment help
Replies: 24
Views: 777

Re: 401K investment help

You could look at the target date fund furthest from your retirement date and see if the additional stock meets your needs.
by Wiggums
Wed Apr 14, 2021 5:41 pm
Forum: Personal Investments
Topic: Where to invest 6k in Roth?
Replies: 37
Views: 3085

Re: Where to invest 6k in Roth?

I buy vanguard funds at vanguard and Fidelity funds at Fidelity.

Zero fees to buy funds the normal three fund portfolio funds or ETFs using this method.

I bought more stock today also. You are in good company. :-)
by Wiggums
Wed Apr 14, 2021 3:38 pm
Forum: Personal Investments
Topic: Looking for a place to put cash
Replies: 9
Views: 1117

Re: Looking for a place to put cash

you could consider a multi year guaranteed annuity (MYGA). It’s also referred to as a “CD annuity”. there is a penalty for withdrawals in the first 12 months so consider your needs to access this money.
by Wiggums
Tue Apr 13, 2021 8:03 pm
Forum: Personal Investments
Topic: Help with advising sister who's husband just passed.
Replies: 17
Views: 1811

Re: Help with advising sister who's husband just passed.

Very sorry the loss in your family.
by Wiggums
Tue Apr 13, 2021 4:50 pm
Forum: Personal Investments
Topic: Personal Finance Check Up
Replies: 8
Views: 1143

Re: Personal Finance Check Up

lakpr wrote: Tue Apr 13, 2021 4:37 pm OP is in the 24% Federal tax bracket, and I think the interest being paid on the student loans is not tax deductible. That makes paying down the 7% loan equivalent of buying a CD yielding 7% ÷ (1 - 24%) = 9.2%

Stock market like returns without the market risk.
+1
by Wiggums
Tue Apr 13, 2021 3:45 pm
Forum: Personal Investments
Topic: Multiple years of expenses in cash when starting retirement
Replies: 104
Views: 8156

Re: Multiple years of expenses in cash when starting retirement

We accumulated cash over a long period of time. Our approach has always been to hold a years w2 income in cash. I’m sure that we left money on the table, but what was invested was 100% low cost s&p 500 fund and no bonds. I feel like the cash gives us flexibility. It makes sense to me to go into ...
by Wiggums
Tue Apr 13, 2021 6:59 am
Forum: Personal Investments
Topic: Emergency (oh my God fund)
Replies: 45
Views: 4655

Re: Emergency (oh my God fund)

DW and I worked for the same company. Was told that the employment was super stable and they never missed the 5% dividend payment in 100 years. Then our company acquired another company and the work culture changed to taking more risk. Some business decisions did not pan out and losses hit the finan...
by Wiggums
Thu Apr 08, 2021 3:03 pm
Forum: Personal Investments
Topic: Consolidate Fidelity to Vanguard or not
Replies: 33
Views: 2541

Re: Consolidate Fidelity to Vanguard or not

I have all my taxable positions in Vanguard, however I had a $16K sale of an ESPP recently which is with Fidelity and it got transferred to a Fidelity Taxable account. I am pondering whether to just leave it there or move it to Vanguard. My main reasoning is that if I buy FSKAX (Fidelity equivalent...
by Wiggums
Thu Apr 08, 2021 1:54 pm
Forum: Personal Investments
Topic: Family with 4 little humans: chances of retiring/financial independence
Replies: 70
Views: 7234

Re: Family with 4 little humans: chances of retiring/financial independence

There is no way to project the numbers with any certainty, but you have a decent savings amount and a reasonable high level plan. Congratulations. As you get closer to 55, you will have a much clearer picture of your portfolio balance and spending.

Good luck to you…
by Wiggums
Wed Apr 07, 2021 7:14 pm
Forum: Personal Investments
Topic: Suddenly retired; Read the book; Have questions!
Replies: 21
Views: 3260

Re: Suddenly retired; Read the book; Have questions!

I retired at 56. We hold the three fund portfolio. In terms of withdrawals, we hold cash to cover annual expenses and Roth conversion. Just a personal preference which allows us to ignore market fluctuations. We track our expenses in Quicken. Our AA is 65/35 right now as we reduce the number of acco...
by Wiggums
Tue Apr 06, 2021 8:38 pm
Forum: Personal Investments
Topic: How should I invest cash just sitting in the bank?
Replies: 27
Views: 4106

Re: How should I invest cash just sitting in the bank?

At your age, I would invest some of that cash as Retired@50 has suggested. That is exactly what we did, because we had extra funds from a second paycheck. Time in the market is on your side, so I wouldn’t be too concerned about short term price movements. I’m retired and we also hold cash for living...
by Wiggums
Mon Apr 05, 2021 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Another Mortgage payoff question
Replies: 20
Views: 1315

Re: Another Mortgage payoff question

I’m a payoff the mortgage type person. It’s a great feeling. Besides, you are not getting much return on the cash. Just make sure you have cash for emergencies and contributing the max to your 401k.
by Wiggums
Mon Apr 05, 2021 4:34 pm
Forum: Personal Investments
Topic: Northwestern Mutual Refugee
Replies: 19
Views: 1386

Re: Northwestern Mutual Refugee

Consider it done. Any thoughts on a recurring paycheck withdrawal strategy? Once you have an account set up with Vanguard, link it to your checking where the paycheck goes and have it automatically buy VTSAX on a set schedule. I set mine up monthly, but you may be able to do a different frequency l...
by Wiggums
Mon Apr 05, 2021 4:09 pm
Forum: Personal Investments
Topic: Individual IRA vs 401K
Replies: 7
Views: 583

Re: Individual IRA vs 401K

Sometimes people stick with the 401k because they can access the money at age 55. The rule of 55 is an IRS guideline that allows you to avoid paying the 10% early withdrawal penalty on 401k and 403b retirement accounts if you leave your job during or after the calendar year you turn 55.
by Wiggums
Mon Apr 05, 2021 8:58 am
Forum: Personal Investments
Topic: Financial advisor advice
Replies: 9
Views: 1310

Re: Financial advisor advice

Hi all, We are relatively new to investing so please be kind. We have a financial advisor we got through wci.com. He has been very helpful thus far, helping us set up some basic financial stuff. We paid $1500 to start and $300 monthly. Meanwhile, our goal has always been to use him to get started a...
by Wiggums
Sun Apr 04, 2021 11:26 am
Forum: Personal Investments
Topic: Capital loss on Inherited Home?
Replies: 4
Views: 696

Re: Capital loss on Inherited Home?

If you sell an inherited house for less than its appraised value, you can claim a loss on your taxes. Since tax law only allows a certain amount of losses each year, you may have to carry over part of the loss to next year and potentially more years until the full balance has been claimed. Yes. The ...
by Wiggums
Sun Apr 04, 2021 9:54 am
Forum: Personal Investments
Topic: What is in your IPS?
Replies: 25
Views: 2301

Re: What is in your IPS?

Our IPS is more than an IPS and contains all things financial - Revision history - Purpose - Source of current Income - Location of bank accounts - Life Insurance Info - LTC Insurance Info - Other Insurance Info - Social Security - Source of college funding for daughter - Info about Wills - Some de...
by Wiggums
Sat Apr 03, 2021 5:18 pm
Forum: Personal Investments
Topic: Is it time to just rip off the band-aid
Replies: 15
Views: 2292

Re: Is it time to just rip off the band-aid

Fidelity DAF only has $5,000 initial investment minimum. Which also makes it attractive.
by Wiggums
Fri Apr 02, 2021 3:59 pm
Forum: Personal Investments
Topic: What Are You Doing Given Record Stock Market Highs and What Is Your Situation?
Replies: 120
Views: 12794

Re: What Are You Doing Given Record Stock Market Highs and What Is Your Situation?

I reduced my AA appropriately three years into retirement. I am have been buying more equities twice a week for the last 12 months in taxable. I check my portfolio once a month. I am at 65/35.
by Wiggums
Fri Apr 02, 2021 6:10 am
Forum: Personal Investments
Topic: Starting with nothing.
Replies: 28
Views: 7751

Re: Starting with nothing.

Welcome to the forum. A lot of great advice so far. Investing and sobriety— one day at a time. It’s a slow, but satisfying process.
by Wiggums
Thu Apr 01, 2021 8:13 pm
Forum: Personal Investments
Topic: Retire with Less Than $1 million?
Replies: 175
Views: 35870

Re: Retire with Less Than $1 million?

5.5 years ago our portfolio was $820k Yesterday we passed $2.2 million in net worth without counting our house equity and the urge to retire has become quite strong for me (turned 62 last Friday) Save what you can and be prudent in your investing - but most of all, know yourself and your level of c...
by Wiggums
Thu Apr 01, 2021 7:31 pm
Forum: Personal Investments
Topic: Cryptocurrency *play money*- Algorand?
Replies: 56
Views: 4099

Re: Cryptocurrency *play money*- Algorand?

SIPC coverage provides up to $500,000 in total coverage per customer for lost or missing assets of cash and/or securities from a customer’s accounts held at the institution. In less than a second, nearly all of his life savings — 17.1 bitcoin worth $600,000 at the time — was gone. The app was a fake...