Bogleheads.org

FelixTheCat

I will have a Boglehead conversation if someone brings up the topic. The other side of the coin is I don't tell anyone my finances. I mentioned to a friend I paid off my house. For the next two years he thought it was his job to tell me how I should buy things he wanted like a beach house or a boat....

FelixTheCat

My AA is based on The Boglehead's Guide to Retirement Planning. The book asks how much can you lose in a down market? Then double it for the amount in stocks. For example, in a severe crash I can mentally lose 25% of my money. My stock portion of my AA is 50%.

FelixTheCat

I recall seeing John Bogle (a few years ago) on CNBC saying that he thought investors rebalanced too often. He suggested that instead of rebalancing at 5% they do it around 10%. “We also did an earlier study of all 25-year periods beginning in 1826 (!), using a 50/50 US stock/bond portfolio, and fo...

FelixTheCat

It is relatively easy if you have a written plan ahead of time of when to sell. Is that what you are asking? Or are you asking how to violate your plan? May I ask what is your plan to take stock profits and buy more bonds? I went 50/50 when I considered retiring about a year+ ago. Due to the market...

FelixTheCat

This is why I
1) Froze my accounts at the credit agencies
2) Have Silence Unknown Callers on my phone
3) Have RoboKiller on my phone

FelixTheCat

I'm curious. There is small, mid and large cap stocks. Growth and value stocks. There are eleven sectors in the S&P 500. Do you have a specific plan or would you simply dart board it? The reason I ask is I have an M1 account that sits idle. I wanted to invest in individual stocks (small amount) ...

FelixTheCat

We would like to payoff a sibling's home, however, he is a poor money manager and we fear he will just go out and borrow on it once again. We have been through this before. Every time I hear "poor money manager" I think BUDGET. Teach your sibling how to live within their means. If you wan...

FelixTheCat

I have a Solo Traditional 401k and a Roth 401K. I max out my Roth with employee contributions first. Then I max out my Traditional 401K with employer contributions. In both accounts I invest in Total Stock Market index. I use Vanguard as my 401K provider https://investor.vanguard.com/small-business-...

FelixTheCat

Bogle and Buffett did not endorse international. I'm going with their advice.

FelixTheCat

My Fidelity Rewards automatically post to my brokerage account. I use the rewards money to buy more S&P 500.

FelixTheCat

Taxable brokerage account in your name. You pay the taxes on interest and capital gains. You keep control of the money in case the little darling isn't ready for the $$$. Vanguard S&P 500 Index or Vanguard Total Stock Market Index. Buy the ETF version if you don't have the $3K minium. Hey Felix...

FelixTheCat

Here's a post on investing order https://www.bogleheads.org/wiki/Priorit ... nvestments

Have you read the post on the three fund portfolio?

FelixTheCat

Show your Dad the Bogleheads site. Teach him how to invest. Let him move the accounts if he wants.

FelixTheCat

EFTPS

FelixTheCat

You can't get a grant or loan for retirement.

FelixTheCat

I pay $700 a month for one healthy adult male.

FelixTheCat

I spent two weeks with Grubhub when I had covid.

FelixTheCat

See Roth IRA conversion - Bogleheads . We have a version of the tool shown there. Along with an estimate for future marginal tax rates, that is what we use to guide conversion amounts each year. Are you talking about the spreadsheet created by BigFoot48? If so, I don't see the link. Forum member Bi...

FelixTheCat

I've read the wiki and I've read the posts mentioning rollover ira. I have a Rollover IRA from my decades at Mega Corp. I am trying to figure out if I should convert some of my rollover ira to a Roth. I've run my scenario through three different calculators and they all say it's not worth converting...

FelixTheCat

Here's what I found As long as you sign up for our Solo 401k by December 31, 2020, you will preserve the right to make Solo 401k contributions up until your business tax return deadline (including any timely filed extension) in 2021. You can contribute Employer and Employee contributions. Use this l...

FelixTheCat

Has anyone figured out December is a brokerage firm's busy period?

FelixTheCat

I wouldn't go into debt to invest.

FelixTheCat

Misenplace wrote: ↑Wed Dec 23, 2020 9:00 pm If you want to do a back door Roth, it's preferred to not roll 401(k)'s into a Rollover IRA.

I thought a Backdoor Roth was allowed from non-deductible IRAs. 401Ks allow you to deduct your contributions from your income. Am I right?

FelixTheCat

I use the High Impact Charity Guide https://www.impact.upenn.edu/toolkits/h ... ing-guide/

FelixTheCat

I used the calculators for my employer contributions. The contribution amount was verified when I did my taxes via Turbotax.

FelixTheCat

I took up hiking and photography.
I volunteer.
I'm getting another degree. I've always loved learning.

FelixTheCat

I thought it made sense to start building a dividend stream of income to reduce how much we'd have to pull from our 401k and IRAs. I have the same strategy, I am still working and around a year from retirement. I've read many threads on income generation: CDs, Bonds, Dividend paying stocks. I wish ...

FelixTheCat

I'm curious. Why did you choose VYM? I set up an account for retirement income and thought monthly distributions instead of quarterly. I went with Vanguard's income series recommendation. Take a look at this link https://advisors.vanguard.com/iwe/pdf/FASINVMP.pdf Here's a thread discussing yield htt...

FelixTheCat

Open up a DAF and fund it with any portion of the stocks with the large unrealized gains. Then spread out your DAF grants across multiple years as you see fit. Rinse and repeat. Here's an example of a Donor Advised Fund (DAF). https://www.fidelitycharitable.org/ There's no minimum to open a Fidelit...

FelixTheCat

buhlaxtus wrote: ↑Thu Dec 17, 2020 8:54 pm I did this some time ago and it was not a big deal.

+1

FelixTheCat

I worked for mega corp. Over a six year period the company laid off 85% of the personnel. People were living in absolute fear because they didn't have a plan. I paid off my house early. Then I took the mortgage payment and accelerated my investing. When my day came, I just smiled. Life happens. IF y...

FelixTheCat

Okay. The answer to the ultimate question of life, the universe, and everything is...

[wild cheers from audience, then silence]

42.

FelixTheCat

I max my Solo Roth 401K for employee contributions. Then I calculate and max my Solo Traditional 401K for employer contributions. Here are the details on max contributions https://investor.vanguard.com/small-business-retirement-plans/individual-solo-401k Who can participate Self-employed individuals...

FelixTheCat

Fidelity used to have a nice calculator. The link I normally use is replaced by a Fidelity PDF.

This one seems accurate. https://www.bcmadvisors.com/solo-401k-calculator

FelixTheCat

Not investing in Bogle's S&P 500 fund since it's inception.

FelixTheCat

I determined my AA based on fear. In the stock market crash of 2009 I saw stocks drop by 37% and I sold at the bottom. Not a good Boglehead move. I made some changes. A short-term bond fund to use in case the market tanks again so I don't have to sell stocks. The balance of my portfolio is 50/50. My...

FelixTheCat

I consistently grant to the following charities through my DAF.

Feeding San Diego
Feeding America
Direct Relief

FelixTheCat

I used to use a CPA. The CPA at work told me to enter the same data in TurboTax to compare. TurboTax had the same result at a lot cheaper price.

FelixTheCat

Fidelity Charitable has no minimum balance to start the DAF. Charity grants have lower requirements too.

FelixTheCat

My income is sporadic. I budget 3 months in advance using YNAB.

FelixTheCat

I've never needed my Flagship rep. I'm curious. What service(s) do you need?

FelixTheCat

Since the March lows I've made a mistake of selling almost all of my equities. With everything up now, I realized I made a big mistake. Anyone in a similar situation and what did you end up doing? You have the wrong asset allocation since you got nervous and sold. Your AA should allow you to weathe...

FelixTheCat

I subscribe to Warren Buffett's philosophy: Have enough in short-term bonds so you don't half to sell stocks in a down market.

FelixTheCat

M1 Finance is the only place I know that monitors your allocations. It will invest new contributions and dividends in the ETFs you choose to keep your portfolio balanced.

FelixTheCat

I will probably just "wing it" for the first 6 to 12 months, maybe do something "fun" like sling brews at a microbrewery's taproom and/or volunteer at an animal shelter. One of the local universities in San Diego has a lot of retirees brewing beer. https://extension.ucsd.edu/cou...

FelixTheCat

comehither2k18 wrote: ↑Thu Nov 12, 2020 11:58 am Going for 36 months just on pre-approval app with navy fcu, rate comes in at 11.59.

That rate can't be right. My local credit union is around 1.3% https://www.calcoastcu.org/auto-loans/

FelixTheCat

pshonore wrote: ↑Sun Nov 08, 2020 10:34 am Fido has no minimum to open an account - I believe Vanguard has a 25K minimum

I had to look it up. Fido used to be 5K minimum.

Go with Fidelity!

FelixTheCat

That is a great link. It basically shows vanguard's choice in the question the OP asked. I wonder why they choose 1/3rd total market and 2/3rd high dividend yield though. My initial thought was to be 50% high yield and 50% total market, but I see I am allowed to go even more towards high yield :hap...

FelixTheCat

I have a brokerage account that pays monthly dividends. I plan on using the dividends in retirement. I wish Bogleheads had an income portfolio to live off dividends. The only thing I have found is the Income Series suggestion by Vanguard. https://advisors.vanguard.com/iwe/pdf/FASINVMP.pdf P.S. Pleas...

FelixTheCat

Objectives : 2. Pay off house (again...) sometime in 2022. 3. (Re...) Start a taxable investment account once the debts are squared away. _______________________________________________________________ Questions : 4. I'm struggling to assess risk. Anxiety is high and I don't know why. On the one ha...

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