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  Topic: 24, Short and long term goals, advice appreciated
boatswain2PA

Replies: 7
Views: 3923

Post image iconForum: Personal Finance   Posted: Fri Jan 19, 2018 3:16 am   Subject: 24, Short and long term goals, advice appreciated
Ben - Oldguy gives good advice, but I generally disagree with a lot of it!

His strategy makes mathematical sense: Borrow money (for your Toyota, house, or anything else) at a low interest rate, me ...
  Topic: 401K Deferral Question
boatswain2PA

Replies: 8
Views: 3912

Post image iconForum: Retirement Planning   Posted: Sun Dec 24, 2017 5:41 pm   Subject: 401K Deferral Question
good reading comprehension can take you far in life, bad reading comprehension, not so much.

Explains why you're asking for financial advice on this web-site, huh!
  Topic: Breaking An Apartment Lease
boatswain2PA

Replies: 4
Views: 16230

Post image iconForum: Real Estate   Posted: Sat Dec 16, 2017 11:23 pm   Subject: Re: Breaking An Apartment Lease
After I sold my condo in June, I moved into a semi-posh apartment complex, hoping to only be here for 1-2 months. I have terminal cancer.

I asked one friend to call the management and ask about th ...
  Topic: 401K Deferral Question
boatswain2PA

Replies: 8
Views: 3912

Post image iconForum: Retirement Planning   Posted: Sat Dec 16, 2017 6:23 am   Subject: 401K Deferral Question
1) Life isn't fair. Whoever told you it is lied to you.

2) Your wife's company is VERY generous to PAY her 15% match.

3) I believe that if the company matches up to 15%, it doesn't preclude h ...
  Topic: Best Course Of Action?
boatswain2PA

Replies: 5
Views: 8018

Post image iconForum: Retirement Planning   Posted: Sat Dec 16, 2017 6:20 am   Subject: Best Course Of Action?
I'm late to this, but the bottom line here is your grandmother is living WAYYYYYYYYY beyond her means, and by the time I post this she is likely already BROKE.

If you spend more than you make, you' ...
  Topic: Self-Employed - Best Retirement Option?
boatswain2PA

Replies: 11
Views: 24536

Post image iconForum: Retirement Planning   Posted: Sat Dec 16, 2017 6:15 am   Subject: Re: Professional CV Writers
Pensions are the simple retirement plans for the reason that little is compulsory of you. The company gives all the money and the funds are work-wise managed.

Why does this site allow such bullshi ...
  Topic: newbie with retirement questions.
boatswain2PA

Replies: 27
Views: 17138

Post image iconForum: Retirement Planning   Posted: Sat Dec 16, 2017 6:14 am   Subject: newbie with retirement questions.
So with 200k liquid, 50k already invested with my broker. how much would you recommend taking from the savings and investing in this franklin fund. Remember im conservative lol

You do ...
  Topic: What to spend first in retirement?
boatswain2PA

Replies: 6
Views: 1454

Post image iconForum: Retirement Planning   Posted: Sat Dec 16, 2017 5:54 am   Subject: What to spend first in retirement?
What is your annual cost of living? How is your health (a polite way of asking how long do you think you'll live). These are two critical questions that must be answered before you can possible answ ...
  Topic: Making the right financial decision?
boatswain2PA

Replies: 6
Views: 15620

Post image iconForum: Real Estate   Posted: Mon Oct 23, 2017 3:42 pm   Subject: Making the right financial decision?
4 rental properties and 4 mortgages = lots of stress, LOTS of risk, and you don't have a whole lot of cash flow after mortgages and expenses.

4 rental properties and 0 mortgages = minimal stress, n ...
  Topic: A few questions.
boatswain2PA

Replies: 13
Views: 32479

Post image iconForum: Retirement Planning   Posted: Mon Oct 23, 2017 3:22 pm   Subject: A few questions.
As others have said, big risk in being heavily invested in the company you work for. If suddenly the IRS agents are at the door holding a fire sale auction of the company's assets to pay back taxes ...
  Topic: Thrift savings plan (TSP)
boatswain2PA

Replies: 4
Views: 4018

Post image iconForum: Retirement Planning   Posted: Mon Oct 23, 2017 3:11 pm   Subject: Thrift savings plan (TSP)
Annuities are okay for someone who wants an auto-pilot, low risk portfolio. But I think most people can do much better with just a little bit of education.

I don't think you can go wrong with putt ...
  Topic: Our Retirement Plan - Are We Ready Financially?
boatswain2PA

Replies: 5
Views: 13635

Post image iconForum: Retirement Planning   Posted: Mon Oct 23, 2017 3:04 pm   Subject: Our Retirement Plan - Are We Ready Financially?
We have $700,000 in a nest egg and $35,000 in savings. Nest egg is 80% stocks, 20% bonds

One option would be to refinance the house with a 30 year, fixed rate loan, probably under 4%. And add that ...
 
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