Search found 3273 matches
- Sat Dec 30, 2023 9:37 am
- Forum: Personal Finance (Not Investing)
- Topic: File Jointly or Separately while wife goes for PSLF? [Public Service Loan Forgiveness]
- Replies: 29
- Views: 2920
Re: File Jointly or Separately while wife goes for PSLF?
Are you in a community property state?
- 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...
- 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 ...
- Tue Oct 24, 2023 9:31 pm
- Forum: Investing - Theory, News & General
- Topic: Is another bear coming
- Replies: 47
- Views: 7901
- 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...
- 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???
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.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?
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.
- 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?
I never stated the length of the period in periodically.jebmke wrote: ↑Thu Sep 28, 2023 10:21 amactually, the current advice by many security orgs is contrary, absent a specific needSoon2BXProgrammer wrote: ↑Thu Sep 28, 2023 10:16 am Just change your password. It is good to roll them periodically anyways.
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.
- 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.
- 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
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?
- 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...
- 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
Sledgehammer.
- 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: 194828
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...
- 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
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.
- Sun Jul 23, 2023 7:46 am
- Forum: Personal Investments
- Topic: Employer stock. How much is too much?
- Replies: 37
- Views: 5198
- 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
- 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...
- 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
One.neurosphere wrote: ↑Sun Jun 25, 2023 5:23 pm Curious, S2BXP if you got TWO notifications for being quoted twice in the same post?
- 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...
- 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...
- 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...
- 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 ...
- 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?
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?
- Wed May 10, 2023 8:04 am
- Forum: Personal Consumer Issues
- Topic: Mint Mobile @ $15?
- Replies: 24
- Views: 2564
Re: Mint Mobile @ $15?
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.
- 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
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.
- Mon May 01, 2023 11:17 am
- Forum: Personal Investments
- Topic: Small business 401(k) administrator that allows for Megabackdoor Roth?
- Replies: 1
- Views: 304
- 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...
- 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
Authorized Signer on the account with a POD/TOD (Payable/transfer on death) designation.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?
(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)
- Wed Mar 29, 2023 9:27 pm
- Forum: Personal Finance (Not Investing)
- Topic: FAFSA Revisions Due to Consolidated Appropriations Act, 2021
- Replies: 74
- Views: 11529
- Mon Mar 27, 2023 5:48 pm
- Forum: Personal Finance (Not Investing)
- Topic: FAFSA Revisions Due to Consolidated Appropriations Act, 2021
- Replies: 74
- Views: 11529
Re: FAFSA Revisions Due to Consolidated Appropriations Act, 2021
Looks like the forms will be delayed until December
https://fsapartners.ed.gov/knowledge-ce ... sa-process
https://fsapartners.ed.gov/knowledge-ce ... sa-process
- 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
Financial Independence Enabling Choose Your Own Adventure
FIECYOA
It sure rolls off the tongue. And it is a great click bait slogan
- 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...
- Sun Mar 26, 2023 10:08 am
- Forum: Personal Finance (Not Investing)
- Topic: Is FIRE hokum?
- Replies: 66
- Views: 5080
Re: Is FIRE hokum?
My point is... You do not need to agree with them... They do not need to agree with you.guyfromct wrote: ↑Sun Mar 26, 2023 10:07 amThey’re wrong too, just not many YOLO types on this forum.Soon2BXProgrammer wrote: ↑Sun Mar 26, 2023 10:01 ambut how is it different then the YOLO crowd?guyfromct wrote: ↑Sun Mar 26, 2023 10:00 amSince 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.Mike Scott wrote: ↑Sun Mar 26, 2023 9:54 am Why do you care so much about the choices that other people make?
- Sun Mar 26, 2023 10:01 am
- Forum: Personal Finance (Not Investing)
- Topic: Is FIRE hokum?
- Replies: 66
- Views: 5080
Re: Is FIRE hokum?
but how is it different then the YOLO crowd?guyfromct wrote: ↑Sun Mar 26, 2023 10:00 amSince 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.Mike Scott wrote: ↑Sun Mar 26, 2023 9:54 am Why do you care so much about the choices that other people make?
- 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...
- 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...
- 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
- Fri Mar 17, 2023 1:43 pm
- Forum: US Chapters
- Topic: Seattle Area Chapter Meetings - Master Thread
- Replies: 259
- Views: 114007
Re: Seattle Area Chapter Meetings - Master Thread
I'm interested. Depends on the exact date, we have spring break stuff scheduled.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
- 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
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)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.
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....
- 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...
- Thu Mar 09, 2023 3:36 pm
- Forum: Personal Finance (Not Investing)
- Topic: FAFSA Revisions Due to Consolidated Appropriations Act, 2021
- Replies: 74
- Views: 11529
Re: FAFSA Revisions Due to Consolidated Appropriations Act, 2021
Potentially unintended consequences in Iowa:
https://www.waukonstandard.com/articles ... ct-certain
https://naturalresourcereport.com/2023/ ... ily-farms/
https://www.waukonstandard.com/articles ... ct-certain
https://naturalresourcereport.com/2023/ ... ily-farms/
- 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
Then you have a lot of flexibility in choosing an asset allocation and which risks you want to take vs mitigate.TheTimeLord wrote: ↑Thu Mar 09, 2023 8:32 am
If we are talking about me specifically, I am fine at 0% real.
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.
- 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...
- 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
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.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.
- 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?
The age 62 is a first to die annuity.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 70 is a second to die annuity.
- 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
if you go in and delete the 1099, then click import again, it should update.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?
- 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.
- 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.
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.
- 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
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
- 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
And I'm asking for the TLDR version of the question.retire2022 wrote: ↑Mon Feb 20, 2023 6:47 pmiim7V71M7 is saying 126 views (reads) but no responses so far.Soon2BXProgrammer wrote: ↑Mon Feb 20, 2023 4:30 pmCan you restate your question in a concise manner?
- 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