Search found 3273 matches

by Soon2BXProgrammer
Tue Nov 21, 2023 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming a CFP
Replies: 25
Views: 4132

Re: Becoming a CFP

I appreciate your response. Just to be clear, the instructors that you encountered did lecture, share experiences, and in some fashion complement the required reading? I am involved in a program right now that has an "instructor" that does not lecture. Evidently, he doesn't have anything to offer that the textbook doesn't cover. I find this inexcusable. So, I am in the lurch of enduring three more classes taught by this guy or bail now (currently on my second course) and attempt to find a program that actually requires instructors to actually teach. At least for me.. The class time/lectures I had in (equivalent to) MSFP 551 Intro of Financial Planning, left something to be desired. This is where it really depends on the instructo...
by Soon2BXProgrammer
Tue Nov 21, 2023 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming a CFP
Replies: 25
Views: 4132

Re: Becoming a CFP

I took the ChFC curriculum (CFP + 1 additional class) through https://www.theamericancollege.edu/ ... They have a veteran scholarship program, so it was free for me. How was your experience with the American college? I am looking at them for their program MS in financial planning. I assume your classes were online? What was your experience with the quality of the instructors? Would you recommend them? Doug And merging your question from: https://www.bogleheads.org/forum/viewtopic.php?p=7558427#p7558427 Hello, I would like to obtain my CFP but I lack the work experience required. Does it make sense for me to try for the exam first or do both at the same time? Thanks. I haven't sat for the CFP exam iteslf.. i have the ChFC which is the same ...
by Soon2BXProgrammer
Tue Oct 24, 2023 9:31 pm
Forum: Investing - Theory, News & General
Topic: Is another bear coming
Replies: 47
Views: 7901

Re: Is another bear coming

ebeb wrote: Tue Oct 24, 2023 6:19 pm Just wondering if another bear market is on its way
Another bear market is ALWAYS on the way.
by Soon2BXProgrammer
Sun Oct 22, 2023 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: How to save for long term care - HSA?
Replies: 16
Views: 1646

Re: How to save for long term care - HSA?

Due to health conditions and kids, there is a need for regular insurance. In this scenario, it has not been possible to get HSA. Is HSA possible only when people are healthy? Is there an avenue to save for long term care, for example, outside of regular retirement savings? Most years we blow through our deductible by the middle of the year. However we always pick the HDHP with HSA. Why? Atleast for our options the HDHP/HSA actually turns out to basically even or better for every usage level of healthcare at my employer. How can this be? There is a pretty large premium difference between the HDHP and the low deductible plan. It means I have a cash flow issue blowing through the deductible in January if that happens, but by the end of the ye...
by Soon2BXProgrammer
Sat Oct 07, 2023 4:30 pm
Forum: Investing - Theory, News & General
Topic: US Debt to GDP Ratio is 123% Should we be concerned???
Replies: 10
Views: 1608

Re: US Debt to GDP Ratio is 123% Should we be concerned???

RJ1982 wrote: Sat Oct 07, 2023 4:18 pm The US National Debt is $33 trillion and the Debt to GDP Ratio is 123.88% (source: https://www.usdebtclock.org/). This compares to 34.68% in 1980 and 56.02% in 2000. At what point does this become a problem to the point that even a dedicated Boglehead would be concerned?
This is one reason why I think that future tax rates will probably have to rise. (Under current law, they are scheduled to increase.) Therefore the one action I'm taking is some Roth conversions at current rates.

Could I be wrong? Sure. If I'm wrong, how bad is doing what I'm doing? not that bad. If I'm right? it could help my future tax liability a lot.
by Soon2BXProgrammer
Fri Sep 29, 2023 6:14 am
Forum: Personal Consumer Issues
Topic: Typed in Gmail password into wrong website--any risk?
Replies: 26
Views: 2610

Re: Typed in Gmail password into wrong website--any risk?

jebmke wrote: Thu Sep 28, 2023 10:21 am
Soon2BXProgrammer wrote: Thu Sep 28, 2023 10:16 am Just change your password. It is good to roll them periodically anyways.
actually, the current advice by many security orgs is contrary, absent a specific need
I never stated the length of the period in periodically.

I didn't say "frequently." I do agree with you that some of the advice especially when using hardware 2FA, is that there is no need for frequent password changes as frequent password changes means people write them down in unsecured ways.

My period personally is a couple of years. This is because most of the time, the length/complexity that websites support increase over time, and I want to take advantage of that.
by Soon2BXProgrammer
Thu Sep 28, 2023 10:16 am
Forum: Personal Consumer Issues
Topic: Typed in Gmail password into wrong website--any risk?
Replies: 26
Views: 2610

Re: Typed in Gmail password into wrong website--any risk?

Just change your password. It is good to roll them periodically anyways.
by Soon2BXProgrammer
Sat Aug 12, 2023 7:35 am
Forum: Personal Finance (Not Investing)
Topic: Expert Lawyer Cost/Hr and no upper limit? Special Needs Trust
Replies: 53
Views: 4949

Re: Expert Lawyer Cost/Hr and no upper limit? Special Needs Trust

cpumechanic wrote: Sat Aug 12, 2023 7:31 am Thanks for feedback from others..
Are you looking for a professional trustee? if so, consider going trustee shopping and see how they want their fee calculated.

Also, consider if they are the trustee for 50 years, will your set hourly rate be reasonable at the end of the time period?
by Soon2BXProgrammer
Wed Aug 02, 2023 7:50 am
Forum: Personal Finance (Not Investing)
Topic: is it legal for merchants to not accept cash ?
Replies: 97
Views: 10378

Re: is it legal for merchants to not accept cash ?

Not everyone has a bank account or a smartphone or a food credit score. They should be allowed to spend money at a business, just like others Not everyone wants to wear shoes or T-shirts on a hot day but businesses can refuse them service. If a business does not want to serve cash buyers I don't see why it can't. Cash buyers are not a "suspect class". I think you could see how this could become exclusionary. Say the grocery store wants to keep out others perceived as riff-raff. So they say no cash allowed. Now the underbanked, less wealthy, perhaps-in-poverty group cannot go to the grocery store. Similar to redlining, it is a denial of services Yes, and it happens all the time for various reasons. People get "banned" fr...
by Soon2BXProgrammer
Sat Jul 29, 2023 3:25 pm
Forum: Personal Consumer Issues
Topic: Wiping/Destroying SSD or eMMC
Replies: 20
Views: 2395

Re: Wiping/Destroying SSD or eMMC

tallguy3891 wrote: Wed Jul 26, 2023 10:48 am 1. What is the best way to destroy either type?
Sledgehammer.
by Soon2BXProgrammer
Thu Jul 27, 2023 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Washington State Long Term Care Trust Act - 0.58% payroll tax - $36,500 lifetime maximum benefit
Replies: 1772
Views: 194826

Re: Washington State Long Term Care Trust Act - 0.58% payroll tax - $36,500 lifetime maximum benefit

how old are you? mid-30s for about a hundred bucks a month, why don't you just buy yourself a half million dollars of long-term care insurance? I'd like to see a chart that shows the likelihood of needing LTC by age, and discounting the half million by inflation assuming it doesn't have a COLA, how much it will be worth when there is statistically a decent chance of needing it. Because if you need it before say 65 and still love a long time after needing it, having the policy isn't going to save someone who is FIRE. I've seen multiple people with $100k+ in an HSA before 40. I do see the logic that if their money doubles in REAL terms every 15 years, at 55 they will have $200k and at 70 it's 400k real.. whereas the nominal policy over the 3...
by Soon2BXProgrammer
Thu Jul 27, 2023 6:53 am
Forum: Personal Finance (Not Investing)
Topic: Question to a CPA regarding SPIA
Replies: 10
Views: 1230

Re: Question to a CPA regarding SPIA

pcola_pam wrote: Wed Jul 26, 2023 5:11 am Once I purchase an SPIA, can I account for it on my balance sheet as an asset? Can someone let me know the journal entry to account for spending $100k from my savings for an SPIA?
You could consider it an asset if you have either the "refund" feature or guaranteed "certain period". Both of these features lower the payout, but give you a guarantee about some minimum payback. If you picked these features one could argue value the SPIA at the current death benefit level.
by Soon2BXProgrammer
Sun Jul 23, 2023 7:46 am
Forum: Personal Investments
Topic: Employer stock. How much is too much?
Replies: 37
Views: 5198

Re: Employer stock. How much is too much?

oncall wrote: Fri Jul 21, 2023 8:48 pm What wisdom does the Boglehead community have to offer me? Am I crazy to have 10% of my net worth in illiquid private company stock?
If it goes to zero, does it matter?
by Soon2BXProgrammer
Sat Jul 01, 2023 9:10 am
Forum: Personal Consumer Issues
Topic: What's the point of Costco Executive membership if you already have a 2% rewards credit card?
Replies: 28
Views: 9973

Re: What's the point of Costco Executive membership if you already have a 2% rewards credit card?

R2D2 wrote: Sat Jul 01, 2023 9:09 am Let me get this straight.... I have an executive membership but I use my Capital One 1.5% cash back card to check out. I then receive a total of 3.5% cash back (1.5% from Capital One and 2% from Costco)?
yes.
by Soon2BXProgrammer
Thu Jun 29, 2023 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Impossible to find hourly fee adviser for tax planning
Replies: 18
Views: 2637

Re: Impossible to find hourly fee adviser for tax planning

If you ask them to spend some hours (at $450 per hour) and use a software program to sell capital gains positions an plainning harvest IRA distributions to maximize tax efficiency over several years, they balk, and say you need to sign on as a AUM client. The last one said "I would be doing you a disservice, to do this if you are not an AUM client Part of the issue is that the software programs only do so much. A lot of this will combining the software program with by hand analysis and making a best guess. If it is overly complex, the concern is if they think its going to take multiple thousands of dollars worth of effort, its hard to quantify that vs the benefit they create for you. Directional accuracy is different then a detailed p...
by Soon2BXProgrammer
Sun Jun 25, 2023 6:01 pm
Forum: Forum Issues and Administration
Topic: Question about PM's on this forum
Replies: 12
Views: 4844

Re: Question about PM's on this forum

neurosphere wrote: Sun Jun 25, 2023 5:23 pm Curious, S2BXP if you got TWO notifications for being quoted twice in the same post? :D
One.
by Soon2BXProgrammer
Mon Jun 05, 2023 5:23 pm
Forum: Personal Investments
Topic: Any Boeing - SPEEA members?
Replies: 7
Views: 1260

Re: Any Boeing - SPEEA members?

Hello, my sister and brother-in-law are very smart but have three young children and struggle making the time and energy to research their financial options. I don't give family or friends specific advice on how to invest or spend money but they do seem to have it helpful when when I explain general financial stuff (what people mean by "risk," taxable vs tax advantaged, effect on returns of fees, etc). Can anyone explain, using Boglehead principles, the retirement options for union engineers / SPEEEA members at Boeing? I couldn't find much information online. Specific questions: Is the 10% match just for nonunion employees? Experience with Edelman Financial Engines? Does Boeing award Boeing stock and is it possible to sell it? An...
by Soon2BXProgrammer
Sat Jun 03, 2023 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Do financial advisor typically do multigenerational planning
Replies: 17
Views: 1442

Re: Do financial advisor typically do multigenerational planning

I was watching a YouTube video recent on estate planning. The channel owner talked about getting into multigenerational financial planning. This makes me wonder, do financial advisors offer this? I recall talking to different financial advisors in the past. Only BAM (Larry swedroe’s firm) suggested this. Since a lot of financial planning is often about passing your wealth to your kid I am curious to know why it seems uncommon. (Most) Financial advisors are not lawyers. However, there are some financial advisors who focus on legacy planning and multigenerational wealth. A financial advisor with the Accredited Estate Planner® designation might be a way to identify those that have a focus in this realm. https://www.theamericancollege.edu/desi...
by Soon2BXProgrammer
Thu May 25, 2023 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Home Purchase Hawaii
Replies: 16
Views: 2053

Re: Home Purchase Hawaii

In Hawaii there is still a lot of land owned by various estates which originated during the period of the monarchy. These estates lease out the land, typically with 99 year leases. You pay annual lease rent for the land to the land owner. When the lease is up you can usually renew the lease but often at a higher land rent. This is really interesting! Whose estates are they, and do they own the land fee simple? Given the cost of some properties in HI, I’d be really uncomfortable “leasing” the land, even if it was for 99 years. When you sell a property, can the estate that owns the land choose who you can sell to? It seems like a property buyer would be dealing with two sellers (home owner and land owner). And if you have 60 years left in yo...
by Soon2BXProgrammer
Tue May 23, 2023 9:42 pm
Forum: Investing - Theory, News & General
Topic: Does working in the financial planning industry conflict with Boglehead principles
Replies: 21
Views: 2819

Re: Does working in the financial planning industry conflict with Boglehead principles

My son is a recent graduate in econ. He interned at a large wealth management firm and is interviewing with several similar companies in hopes of starting his post college career in the world of financial planning. Not sure if it's a long term path but seems like a good place to start and get a feel for the industry. I am attempting to expose him to the value of the low cost 3 fund portfolio for his personal investing. My question is...does this low cost method fly contrary to what many financial planning/investment companies preach or is there room for the Boglehead method within this industry? Would discussing the Boglehead approach cause him trouble as he interviews or when he lands a position? There are places that implement Boglehead ...
by Soon2BXProgrammer
Sat May 13, 2023 8:38 am
Forum: Personal Finance (Not Investing)
Topic: Job Offer From Start Up. What To Ask?
Replies: 20
Views: 2779

Re: Job Offer From Start Up. What To Ask?

How many months of funding do they currently have if they do not raise additional capital?
What is their plan for their next funding round?
Will my grant be diluted when additional funds are raised?
What is the founders exit plan/timeline, purchase? IPO? etc?
by Soon2BXProgrammer
Wed May 10, 2023 8:04 am
Forum: Personal Consumer Issues
Topic: Mint Mobile @ $15?
Replies: 24
Views: 2564

Re: Mint Mobile @ $15?

tomander wrote: Wed May 10, 2023 7:44 am I left from T-Moble and have the same coverage as T-Moble
This statement is not "entirely" true. With a T-mobile proper plan, you get T-mobiles roaming agreements.. With MintMobile, you only have TMobile towers.

The easiest example is the state of Alaska where t-mobile doesn't have any towers, and roams on GCI Wireless.

Mint mobile has zero service in Alaska.
by Soon2BXProgrammer
Sun May 07, 2023 9:02 am
Forum: Investing - Theory, News & General
Topic: Foreign Tax Credit Discussion - 'Potential' for a Vanguard Total World - Fund of Funds Equities ETF?
Replies: 9
Views: 998

Re: Vanguard All World - Fund of Funds Equities ETF

8000m wrote: Sun May 07, 2023 8:52 am The general consensus is that VT holders do not receive the Foreign Tax Credit.
VT holders get the FTC, WHEN (and only when) it meets the 50% rule.. I don't have a US Code reference handy.

As the market cap fluctuates, it HAS and HAS NOT gotten the FTC based on qualifying.

The consensus is VT will not ALWAYS get the FTC.
by Soon2BXProgrammer
Fri Apr 21, 2023 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: Retiring from Veterans Administration and Blue Cross / Blue Shieid
Replies: 9
Views: 904

Re: Retiring from Veterans Administration and Blue Cross / Blue Shieid

A buddy I was talking to is about to retire from the Veterans Administration at age 62 and said he plans to keep his current health insurance (blue cross / blue Shield health insurance) in retirement. He said that is what everyone does who works there. I told him I assumed he would keep his private BCBS until age 65 then get Medicare and buy a Medicare supplement if he wanted one. Anyone familiar enough with retiring there and if there is a financially savvy path he might consider? Not exactly... If he is a government service employee covered by FEHB, he can keep his FEHB plan forever. At age 65 he can also enroll for medicare, but technically, under current law he does not have to. this is a decent video from boomer benefits on FEHB and M...
by Soon2BXProgrammer
Sun Apr 02, 2023 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Joint accounts and FAFSA
Replies: 19
Views: 2504

Re: Joint accounts and FAFSA

maddogio wrote: Sun Apr 02, 2023 9:29 am My spouse is listed as joint owner on a savings account with her parents. This arrangement is intended to allow her to help with their financial management as they age and to transfer at least some funds quickly and free from probate in case of death.
[...]
If not, are there other arrangements that my spouse might make with her parents that would allow for her to help with their finances and accommodate their wish to transfer funds quickly and easily upon their deaths?
Authorized Signer on the account with a POD/TOD (Payable/transfer on death) designation.

(but your wife should have a POA anyways for since all this allows her to do is basically write checks against the account while they are alive)
by Soon2BXProgrammer
Sun Mar 26, 2023 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Is FIRE hokum?
Replies: 66
Views: 5080

Re: Is FIRE hokum?

lets just rename the acronym

Financial Independence Enabling Choose Your Own Adventure

FIECYOA

It sure rolls off the tongue. And it is a great click bait slogan
by Soon2BXProgrammer
Sun Mar 26, 2023 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Is FIRE hokum?
Replies: 66
Views: 5080

Re: Is FIRE hokum?

The best things about it are that it encourages thrift, long term financial planning, independent-mindedness and entrepreneurship. Agree The worst things about it from my perspective are: 1. it glorifies hedonistic retirement and leisure, About half of the FIRE world focuses on FI not the RE.. Most FI people I know in real life, do something constructive. Some of its paid, and some of its charity work. They had been so driven that they can NOT do nothing. The worst things about it from my perspective are: 2. incentivizes people to leave employment right at the time when they are best positioned to contribute through their education and professional experience (also right at the time when work can be most rewarding), It doesn't make them qu...
by Soon2BXProgrammer
Sun Mar 26, 2023 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Is FIRE hokum?
Replies: 66
Views: 5080

Re: Is FIRE hokum?

guyfromct wrote: Sun Mar 26, 2023 10:07 am
Soon2BXProgrammer wrote: Sun Mar 26, 2023 10:01 am
guyfromct wrote: Sun Mar 26, 2023 10:00 am
Mike Scott wrote: Sun Mar 26, 2023 9:54 am Why do you care so much about the choices that other people make?
Since many of them are vocal about and push an idea that can potentially have adverse consequences why not have an opinion. The corollary is do you not say anything if a neighbor paints their home a garish shade? It’s not hurting you, but you likely have an opinion.
but how is it different then the YOLO crowd?
They’re wrong too, just not many YOLO types on this forum.
My point is... You do not need to agree with them... They do not need to agree with you.
by Soon2BXProgrammer
Sun Mar 26, 2023 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Is FIRE hokum?
Replies: 66
Views: 5080

Re: Is FIRE hokum?

guyfromct wrote: Sun Mar 26, 2023 10:00 am
Mike Scott wrote: Sun Mar 26, 2023 9:54 am Why do you care so much about the choices that other people make?
Since many of them are vocal about and push an idea that can potentially have adverse consequences why not have an opinion. The corollary is do you not say anything if a neighbor paints their home a garish shade? It’s not hurting you, but you likely have an opinion.
but how is it different then the YOLO crowd?
by Soon2BXProgrammer
Sun Mar 26, 2023 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Is FIRE hokum?
Replies: 66
Views: 5080

Re: Is FIRE hokum?

The concept of FIRE gets thrown a lot, but it seems lo largely be baloney. I saw someone posting on here about retiring early, their withdrawal rate, which seemed high in general and especially for a potentially 60 year retirement The difference between being successful for 30 years and successful for 60 years is almost nothing. This article helps show that: https://www.kitces.com/blog/the-problem-with-fireing-at-4-and-the-need-for-flexible-spending-rules/ The real question ends up being, when do you know you can ratchet up spending. On the flip side, FIRE attracted me because I am the sole earner for my family, and I don't want to do software engineering forever. Therefore, it gives me the space to do whatever I want, even if that ends up...
by Soon2BXProgrammer
Sun Mar 26, 2023 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Is FIRE hokum?
Replies: 66
Views: 5080

Re: Is FIRE hokum?

The concept of FIRE gets thrown a lot, but it seems lo largely be baloney. I saw someone posting on here about retiring early, their withdrawal rate, which seemed high in general and especially for a potentially 60 year retirement The difference between being successful for 30 years and successful for 60 years is almost nothing. This article helps show that: https://www.kitces.com/blog/the-problem-with-fireing-at-4-and-the-need-for-flexible-spending-rules/ The real question ends up being, when do you know you can ratchet up spending. On the flip side, FIRE attracted me because I am the sole earner for my family, and I don't want to do software engineering forever. Therefore, it gives me the space to do whatever I want, even if that ends up...
by Soon2BXProgrammer
Thu Mar 23, 2023 9:08 pm
Forum: Personal Consumer Issues
Topic: What are some of the best grills under $750? | First time buyer
Replies: 84
Views: 7419

Re: What are some of the best grills under $750? | First time buyer

YERER01 wrote: Wed Mar 22, 2023 10:04 pm must have side burner for occasional outdoor cooking.
a dedicated $50 propane burner has a lot more btu's then the side burner. Gives lots of options to boil big pots, etc.
by Soon2BXProgrammer
Fri Mar 17, 2023 1:43 pm
Forum: US Chapters
Topic: Seattle Area Chapter Meetings - Master Thread
Replies: 259
Views: 114005

Re: Seattle Area Chapter Meetings - Master Thread

edgeagg wrote: Fri Mar 17, 2023 12:58 pm Be nice to meet up now that spring is in the air here and people are coming out of hibernation. How about meeting mid-April in Bellevue or thereabouts?
Perhaps if you are interested, respond to this thread and we can get a count after which we can decide dates+exact locations?
ea
I'm interested. Depends on the exact date, we have spring break stuff scheduled.
by Soon2BXProgrammer
Thu Mar 16, 2023 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Form 8606 has me whupped
Replies: 41
Views: 5610

Re: Form 8606 has me whupped

neurosphere wrote: Thu Mar 16, 2023 10:09 am
But there was no Part II filled out to specifically report the amount of the Roth conversion.
I am pretty sure this is an error of the preparer not clicking the right box of "what happened with the money", I would think this would be caught though thinking about why is the 1099-R coded as 2 (early distribution, exception applies) meaning no penalty which means the preparer should be asking why there is no penalty. (If it is like the other 1099-Rs I've seen for backdoor Roth contribution & conversions)

Nothing on the 1099-R signifies it was a Roth conversion, so unless the person tells the preparer that, they won't know to fill out part 2....
by Soon2BXProgrammer
Thu Mar 09, 2023 6:41 pm
Forum: Investing - Theory, News & General
Topic: Fixed Income instead of Equities
Replies: 105
Views: 9657

Re: Fixed Income instead of Equities

10% nominal (TSP G Fund, Vanguard Intermediate Muni Bond Fund) 10% inflation indexed (Schwab TIPS ETF, individual TIPS at Treasury Direct, I bonds) Nothing magic about any of that. Lots of reasonable bond allocations. Thanks, I was just curious if you were doing anything with long or short duration individual bonds and TIPS. The TSP G fund is sort of special. It is a 1-4 day duration bond fund but with a intermediate term yield. Effectively one can consider it mostly liability matched (for a wide range of durations) or a free lunch most of the time ( except when the yield curve is inverted). Technically it is a nominal but it since it doesn't lose money due to duration in rising rates, it is very responsive to when rates rise due to inflat...
by Soon2BXProgrammer
Thu Mar 09, 2023 8:46 am
Forum: Investing - Theory, News & General
Topic: Fixed Income instead of Equities
Replies: 105
Views: 9657

Re: Fixed Income instead of Equities

TheTimeLord wrote: Thu Mar 09, 2023 8:32 am

If we are talking about me specifically, I am fine at 0% real.
Then you have a lot of flexibility in choosing an asset allocation and which risks you want to take vs mitigate.

If TIPS can get you there, then the question comes down to how much volatility are you willing to accept for a higher legacy value.
by Soon2BXProgrammer
Thu Mar 09, 2023 7:14 am
Forum: Investing - Theory, News & General
Topic: Fixed Income instead of Equities
Replies: 105
Views: 9657

Re: Fixed Income instead of Equities

Serious question, if I am someone who needs 4% annually to make my financial plan work out should I ignore the 10 year hitting 4% or 30 year at 3.9% to maintain some arbitrary equity allocation? At the very least should I consider 5 years at 4.35% guaranteed. When it comes to planning, most of the time it isn't nominal returns that matter, but real returns. If a plan needed a 4% return, it might have needed a 2% real return. So.. it probably still needs a 2% real return. (which happens to be a higher number now.) Therefore you probably still need the equity risk premium to reach that real return number. Yes, real rates are what matters in the end so are we saying since we don't know what the real rate of return will be for Nominals then on...
by Soon2BXProgrammer
Wed Mar 08, 2023 10:11 pm
Forum: Investing - Theory, News & General
Topic: Fixed Income instead of Equities
Replies: 105
Views: 9657

Re: Fixed Income instead of Equities

TheTimeLord wrote: Wed Mar 08, 2023 5:58 pm Serious question, if I am someone who needs 4% annually to make my financial plan work out should I ignore the 10 year hitting 4% or 30 year at 3.9% to maintain some arbitrary equity allocation? At the very least should I consider 5 years at 4.35% guaranteed.
When it comes to planning, most of the time it isn't nominal returns that matter, but real returns. If a plan needed a 4% return, it might have needed a 2% real return. So.. it probably still needs a 2% real return. (which happens to be a higher number now.) Therefore you probably still need the equity risk premium to reach that real return number.
by Soon2BXProgrammer
Tue Mar 07, 2023 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: opensocialsecurity recommendation - younger spouse at 62 and older at 70?
Replies: 12
Views: 1351

Re: opensocialsecurity recommendation - younger spouse at 62 and older at 70?

vrr106 wrote: Tue Mar 07, 2023 2:52 pm I am still a long way from collecting SS but wanted to see what opensocialsecurity would recommend. My spouse and I are 4 years apart in age and have had very similar compensation for 20ish years now and therefore similar PIA.
It recommends my spouse starts collecting at age 62 and I start 4 years later at age 70. What would the rationale for this be? All my planning has assumed collecting at 70 for each of us
The age 62 is a first to die annuity.
The age 70 is a second to die annuity.
by Soon2BXProgrammer
Thu Mar 02, 2023 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax with Updated 1099
Replies: 1
Views: 229

Re: TurboTax with Updated 1099

arf1410 wrote: Thu Mar 02, 2023 5:05 pm I did an initial run thru TT, knowing that my 1099's might get updated. The 1099 was downloaded from Fidelity, directly to TT. The 1099 has now been updated by Fidelity. Will TT let me download again? If so, will it overwrite the existing data, or will I wind up with duplicate data in TT?
if you go in and delete the 1099, then click import again, it should update.
by Soon2BXProgrammer
Wed Mar 01, 2023 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: Commit to 90 Day Resignation Notification?
Replies: 27
Views: 4315

Re: Commit to 90 Day Resignation Notification?

I know someone who committed to something like this but they asked for a revision that their 90 day notice was "nonbinding" and only upon delivering the 2 week notice can the company consider it binding.
by Soon2BXProgrammer
Fri Feb 24, 2023 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking of pursuing CFP certificate. Any advice from those in the field?
Replies: 11
Views: 1242

Re: Thinking of pursuing CFP certificate. Any advice from those in the field?

I'm a bit ahead of you on my journey. I am a ChFC, RICP and 70% done with a Masters Science in Financial Planning.

I did have a practice for a bit, but then i took another software engineering job.. But i'm not sure how long that will last.

The "work experience" on the ChFC is easier to quantify then the CFP. but they are the same set of classes. (plus one), so one can get the designation to use, while waiting for hte CFP.

I might or might not ever get the CFP.. I am grumpy about the organization.
by Soon2BXProgrammer
Tue Feb 21, 2023 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: CFP Exam discounts
Replies: 4
Views: 830

Re: CFP Exam discounts

There are options out there...

Especially if your a member of an organization or someone who would qualify for a diversity scholarship..

Example

https://info.xyplanningnetwork.com/cfp- ... ip-program
by Soon2BXProgrammer
Mon Feb 20, 2023 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Secure Act 2.0 - 2024 and Beyond Company Match and > 63 Catch up Question
Replies: 9
Views: 1137

Re: Secure Act 2.0 - 2024 and Beyond Company Match and > 63 Catch up Question

retire2022 wrote: Mon Feb 20, 2023 6:47 pm
Soon2BXProgrammer wrote: Mon Feb 20, 2023 4:30 pm
iim7V7IM7 wrote: Mon Feb 20, 2023 6:13 am I am surprised 126 reads and no one can answer?
Can you restate your question in a concise manner?
iim7V71M7 is saying 126 views (reads) but no responses so far.
And I'm asking for the TLDR version of the question.
by Soon2BXProgrammer
Mon Feb 20, 2023 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Secure Act 2.0 - 2024 and Beyond Company Match and > 63 Catch up Question
Replies: 9
Views: 1137

Re: Secure Act 2.0 - 2024 and Beyond Company Match and > 63 Catch up Question

iim7V7IM7 wrote: Mon Feb 20, 2023 6:13 am I am surprised 126 reads and no one can answer?
Can you restate your question in a concise manner?