Search found 35 matches

by Havoner
Wed Apr 07, 2021 9:01 pm
Forum: Personal Investments
Topic: Why not use cash for RE rentals?
Replies: 29
Views: 2457

Re: Why not use cash for RE rentals?

Hey Countmein, The asset allocation makes sense but be careful about thinking your portfolio is going to be more diversified or safer if you are doing this and buying one or two homes becomes those homes would represent a large part of your investment portfolio if anything went really bad with them ...
by Havoner
Tue Apr 06, 2021 10:08 pm
Forum: Personal Investments
Topic: 34yr old - First time poster - Portfolio & Life Help
Replies: 20
Views: 3162

Re: 34yr old - First time poster - Portfolio & Life Help

Howdy Ni_VT, Sounds like you tend to over think things about as much as I do! Overall you are doing awesome and really have a great savings rate. Here are some suggestions and answers to your questions. Best of luck to you and hope things get better soon! :sharebeer What are your goals? Where do you...
by Havoner
Sat Feb 20, 2021 11:01 am
Forum: Personal Investments
Topic: Instruction To Loved Ones!
Replies: 21
Views: 2052

Re: Instruction To Loved Ones!

You know your wife better than anyone else and can probably leave her some general advice or see if she can read a straight forward investing book like bogleheads guide to personal finance. If you don't think she is interested in these items or able to handle the money correctly I would look at stru...
by Havoner
Thu Feb 18, 2021 10:05 pm
Forum: Personal Investments
Topic: Need Some Ideas On Investment
Replies: 18
Views: 1102

Re: Need Some Ideas On Investment

Tesla might meet that speculative bubble criteria... Great company doing great things just overvalued stock...
by Havoner
Sun Feb 14, 2021 11:47 pm
Forum: Personal Investments
Topic: Yet another portfolio review, please
Replies: 9
Views: 1267

Re: Yet another portfolio review, please

Hello Rick, Welcome! Here are some answers to your questions and a few things you might look at or consider. Take care and best of luck to you and your wife. Make sure you take her out to dinner with some of the money you are going to save on fees after reading this! :sharebeer 1. It seems clear tha...
by Havoner
Sun Feb 14, 2021 3:35 pm
Forum: Personal Investments
Topic: Nearing Military Retirement - Portfolio Review and Input
Replies: 6
Views: 1057

Re: Nearing Military Retirement - Portfolio Review and Input

Hello Redsox, Nice work you and your spouse are doing a good job! Full disclosure I don't come from a military background but did want to review and leave a few thoughts for you. Appreciate your service for our country and good luck! Tax Efficiency Overall the accounts look like they are tax optimiz...
by Havoner
Wed Feb 10, 2021 10:15 pm
Forum: Personal Investments
Topic: Investment Planning/Portfolio Questions
Replies: 5
Views: 478

Re: Investment Planning/Portfolio Questions

Hello Bob, Thanks for posting. Overall looks like you guys are doing a good job. Here are my thoughts on your portfolio and questions. Take care and keep up the good work! 1. What is your recommended asset allocation and why? I like the 75/25 allocation at your age and level of assets. I also tend t...
by Havoner
Mon Jan 04, 2021 1:56 pm
Forum: Personal Investments
Topic: Asset Allocation time
Replies: 7
Views: 770

Re: Asset Allocation time

Here is how I would approach it. I think you can do this today so long as you have enough money in each of these funds. The international stock sale might trigger some capital gains taxes just as a heads up. Good luck! His Roth: US Stock My Roth: US Stock Sell 16k in US Stock and buy 16k Internation...
by Havoner
Mon Jan 04, 2021 10:22 am
Forum: Personal Investments
Topic: 1.5m dilemma
Replies: 26
Views: 5189

Re: 1.5m dilemma

Hello Longshoreman, Nice work taking care of your daughter and your wife! I think in your nontraditional situation I might look at two different options with the assumption that your wife is not able to manage the money if something were to happen to you. Here are the two options and both are method...
by Havoner
Mon Jan 04, 2021 9:57 am
Forum: Personal Investments
Topic: Seeking some advice for my MIL (67YO) and FIL (61).
Replies: 17
Views: 1787

Re: Seeking some advice for my MIL (67YO) and FIL (61).

Hello eec504, Here are some suggestions on their portfolio and a few other items. I would suggest they both work until maximum social security age if possible and you might also look at having one of them claim spousal social security earlier. This is a small legal social security trick with having...
by Havoner
Sun Jan 03, 2021 9:03 pm
Forum: Personal Investments
Topic: Planning for Retirement (10 years out) - Portfolio Questions (including tax related)
Replies: 7
Views: 927

Re: Ten Year Plan - Portfolio Questions

Hello CrazyCatLady, First off love the name and the fact that you plan on leaving a .5 million dollar portfolio or more to take care of your cats. Reminds me of those Aristocats! Looks like your are doing an awesome job getting caught up on stuff even if you had a late start. Right now my rough math...
by Havoner
Sun Jan 03, 2021 8:24 pm
Forum: Personal Investments
Topic: Seeking some advice for my MIL (67YO) and FIL (61).
Replies: 17
Views: 1787

Re: Seeking some advice for my MIL (67YO) and FIL (61).

Hello eec504, Here are some suggestions on their portfolio and a few other items. I would suggest they both work until maximum social security age if possible and you might also look at having one of them claim spousal social security earlier. This is a small legal social security trick with having ...
by Havoner
Sun Jan 03, 2021 7:38 pm
Forum: Personal Investments
Topic: Seeking some advice for my MIL (67YO) and FIL (61).
Replies: 17
Views: 1787

Re: Seeking some advice for my MIL (67YO) and FIL (61).

Carl53 wrote: Sun Jan 03, 2021 3:46 pm Depending on the home equity level, they may be able to get a HELOC at 3% and pay off the 6.5% loan.
Or just refinance the mortgage for 2.7%. Sorry know your heart was in the right place but seemed silly to take out a Heloc to pay off a high mortgage instead of just refinancing.
by Havoner
Sun Jan 03, 2021 7:26 pm
Forum: Personal Investments
Topic: Portfolio Checkup: Managing Parents' Investments
Replies: 6
Views: 522

Re: Portfolio Checkup: Managing Parents' Investments

Seems like a pretty solid plan! Looks like you are holding the right things in the right accounts. Only consideration is depending on relationships I might try to have another fee only financial planner or the other siblings review. Understand you are acting in their best interest but with the mortg...
by Havoner
Sun Jan 03, 2021 7:02 pm
Forum: Personal Investments
Topic: Bringing Rollover IRA into a 401k Plan
Replies: 16
Views: 632

Re: Bringing Rollover IRA into a 401k Plan

Sorry this one can really be a headache to do luckily it is something you will likely only need to do once. Mine was with Vanguard and not with Schwab but here is the paperwork. The first thing is explaining to the helpful people on the phone that you want to roll an IRA into a traditional 401k and ...
by Havoner
Sun Dec 27, 2020 10:31 pm
Forum: Personal Investments
Topic: Portfolio Investment Advice for 30yo
Replies: 12
Views: 1300

Re: Portfolio Investment Advice for 30yo

Hello Czer, Interesting setup where you have had that company stock go up so much. Here are my suggestions to your questions. Best of luck and congrats on getting married! 1. Sell it you can do it over time but you need to get it down to a low part of your portfolio over the next year or two if poss...
by Havoner
Sun Dec 27, 2020 10:00 pm
Forum: Personal Investments
Topic: Early Retirement Planning Help
Replies: 6
Views: 863

Re: Early Retirement Planning Help

Hello, Nice work looks like you are doing well and making some great income. Hold in there it looks like you are getting close but make sure you don't jump ship too early! Keep up the good work and I hope you both get to retirement soon. 1. I would look at trying to examine a roth ladder in your tra...
by Havoner
Tue Dec 22, 2020 12:36 am
Forum: Personal Investments
Topic: Early 30s Portfolio Review
Replies: 8
Views: 1638

Re: Early 30s Portfolio Review

Thank you I appreciate the advice on setting up the accounts to do a backdoor Roth IRA and my wife took that job with reduced hours. I updated the original post some up above and also had a few more questions I added to the bottom. Thank you everyone for the good advice!
by Havoner
Mon Dec 21, 2020 11:24 pm
Forum: Personal Investments
Topic: Portfolio review - We need a new plan!
Replies: 3
Views: 579

Re: Portfolio review - We need a new plan!

Hello, Here are a few items you might look at good job with the nest egg and prioritizing those kiddos! I think the biggest thing that would help is reading the things on the wiki about an investment policy statement just to keep it organized. Emergency Fund: One year Debt: Mortgage 425K, just refin...
by Havoner
Mon Dec 21, 2020 10:45 pm
Forum: Personal Investments
Topic: Go from 12% to 22% federal income tax rate to pay off mortgage?
Replies: 23
Views: 1815

Re: Go from 12% to 22% federal income tax rate to pay off mortgage?

Hello! I'm 47, have an emergency fund, and no debt other than my mortgage (3% fixed rate, 50% LTV, $210k balance, 358 payments remaining). I don't make any extra principal payments on the mortgage. Instead, I save 60% of my gross income by contributing towards a pension and maxing out a 403b, 457b,...
by Havoner
Mon Dec 21, 2020 10:27 pm
Forum: Personal Investments
Topic: 48, inherited some money
Replies: 9
Views: 1805

Re: 48, inherited some money

Hello, Sorry for your loss. I think there is a good article on windfalls in the wiki you can check out which is listed below. Looks like you are already doing an okay job with your savings. I would probably leave 7,000 in there to be ready to pay off that student loan when they start accruing intere...
by Havoner
Mon Dec 21, 2020 10:09 pm
Forum: Personal Investments
Topic: Is it too late for backdoor Roth?
Replies: 31
Views: 2192

Re: Is it too late for backdoor Roth?

Is it too late to create a backdoor Roth for 2020 tax purposes? I currently have a traditional IRA (TD - $35K) in which I have several positions. I wanted to close all positions tomorrow, then rollover into my employer's (Vanguard) 401K. What do you mean by the line bolded in red? I think you may h...
by Havoner
Sun Dec 20, 2020 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2503
Views: 574292

Re: Share your net worth progression

Folks that are wondering how someone has an 8 figure net worth. If you are making around $200k for most of your career (which is a terrific salary), the only source of income, with no extraordinary income events, and are a passive index investor give up the ghost the math is against you unless livi...
by Havoner
Sat Dec 12, 2020 12:58 am
Forum: Personal Finance (Not Investing)
Topic: Laid off at 34, another degree/career thread and financial advice.
Replies: 71
Views: 9234

Re: Laid off at 34, another degree/career thread and financial advice.

Hey Man, sorry to hear you are losing your job. I am a few years younger but have similar science degree in chemistry and my wife is a pharmacist. Sounds like you really like that analytical side of math/finance/science which is awesome what I would suggest is you have a few months to look at other ...
by Havoner
Thu Nov 19, 2020 9:15 pm
Forum: Personal Investments
Topic: Portfolio Questions
Replies: 8
Views: 827

Re: 32 Year Old Portfolio Review

Your savings rate is very good. Projections may or may not be accurate so re-evaluate your early retirement plan in 10 years to see if you are on track to retire in 5 more years based on your actual portfolio balance and updated projections of your retirement income and expenses. Even if you end up...
by Havoner
Wed Nov 18, 2020 10:08 pm
Forum: Personal Investments
Topic: Portfolio Questions
Replies: 8
Views: 827

32 Year Old Portfolio Review

[Thread merged into here, see below. --admin LadyGeek] Income- $215,000/year Expenses-$100,000/year Taxes- 24% $55,000/year Ages:31&32 Married Filing Jointly w/2 toddlers Emergency Fund: $83,000 Mortgage: $225,000 15 year @2.75% Student Loans: $54,000 @ 5% Investments: Savings Roth 401ks- $38,0...
by Havoner
Thu Oct 08, 2020 7:41 pm
Forum: Personal Investments
Topic: Portfolio Questions
Replies: 8
Views: 827

Re: Portfolio Questions

Thank you for the advise! I rolled over my tIRA today into my 401K so I can structure those back door Roth IRAs more simply. I checked with the employer and they don't allow post tax non Roth contributions so I will have to wait on the megabuck door IRA. Guess next step is looking where I can trim s...
by Havoner
Wed Oct 07, 2020 11:01 pm
Forum: Personal Investments
Topic: Portfolio Questions
Replies: 8
Views: 827

Portfolio Questions

Income: $200,000-$230,000 depending on bonuses Expenses:$100,000 Including 25k in childcare 25k in house payments Emergency funds: 1 year expenses Debt: $5,000 Student Loan $228,000 15 year Mortgage @ 2.87% Tax Filing Status: Married Filing Jointly Tax Rate: 24% Federal Age: 32 years/ 31 years Desir...
by Havoner
Tue Sep 22, 2020 12:19 pm
Forum: Personal Investments
Topic: Early 30s Portfolio Review
Replies: 8
Views: 1638

Re: Early 30s Portfolio Review

Yes just getting started in the HSA and I believe the 7k is the max with 3500 each but good call out It took me a year to catch on that that is really the best tax advantaged option to put stuff in.
by Havoner
Tue Sep 22, 2020 10:25 am
Forum: Personal Investments
Topic: Early 30s Portfolio Review
Replies: 8
Views: 1638

Re: Early 30s Portfolio Review

Thanks for the advice guys just to explain the $100,000 expenses and why I am going Roth heavy right now it is because my two children cost about $25,000/year in childcare and my mortgage is on a 15 year rather than 30 year terms. Because of this my savings rate will probably be increasing significa...
by Havoner
Thu Sep 17, 2020 11:51 am
Forum: Personal Finance (Not Investing)
Topic: What one Book to read about personal finance?
Replies: 40
Views: 2650

Re: What one Book to read about personal finance?

I would recommend Dave Ramsey’s Total Money Makeover as a comprehensive beginners guide or money 101. It doesn’t just focus on investing but also other important things like budgeting paying off debt, investing, insurance and many other useful money topics. Common sense investing is a great read but...
by Havoner
Wed Sep 16, 2020 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing for retirement in mid 30s
Replies: 311
Views: 21592

Re: Preparing for retirement in mid 30s

This is probably more lifestyle advice than numerical accounting advice but I would make sure I was retiring too something and maybe try it for something like 6 months or a year and see if that is something I wanted to do or if I would prefer to have some sort of work even if it wan't some 50 hour a...
by Havoner
Wed Sep 16, 2020 8:57 pm
Forum: Personal Investments
Topic: With interest rates near zero whats advice on CD ?
Replies: 10
Views: 1555

Re: With interest rates near zero whats advice on CD ?

I think with the current amount of quantitative easing and national debt it sounds like the federal reserve is planning on inflation moving up above 2% range for a year or two and if as a country we have to spend more money on these aid bills this will likely be higher. With this in mind I would rec...
by Havoner
Wed Sep 16, 2020 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: short term goals (3-5 years)?
Replies: 3
Views: 688

Re: short term goals (3-5 years)?

Hey TarHeel, Thanks for reaching out. It looks like you are doing great. I think in your situation I would try to pay off your house once I had maxed out your tax efficient retirement options. I am making a few assumptions here but I am guessing the business building is held within your company lega...
by Havoner
Mon Sep 14, 2020 9:45 pm
Forum: Personal Investments
Topic: Early 30s Portfolio Review
Replies: 8
Views: 1638

Early 30s Portfolio Review

Income: $205,000-$230,000 depending on bonuses Expenses:$90,000 Emergency funds: 6 month expenses $226,000 Mortgage 14.5 years @2.87% Tax Filing Status: Married Filing Jointly Tax Rate: 24% Federal Age: 32 years/ 31 years Desired Asset allocation: 90% stocks / 10% bonds Desired International allocat...