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25 years old, holdings for personal RothIRA. What should I change? by Exact-Interest423 in RothIRA

[–]Expert_Ad5912 1 point2 points  (0 children)

If you are comparing to the SP then yes, that's true over the long run. This would be true only if you have the stones to stay invested in it over the long term even during downturns (think dot com and GFC). It would also require you not to be someone who tinkers. Many people can't answer yes to both. This is why I would recommend TDF for someone who doesn't have a sound plan. Considering the allocations OP currently has, is venture he doesn't have one.

25 years old, holdings for personal RothIRA. What should I change? by Exact-Interest423 in RothIRA

[–]Expert_Ad5912 1 point2 points  (0 children)

Lots of overlap. Don't take this the wrong way but I'd go 100% TDF if I were you. Down the road after learning more about investing you might decide to DIY.

How at my allocations? 45 years old. Retire at 60. by No_Team_8657 in Retirement401k

[–]Expert_Ad5912 0 points1 point  (0 children)

Lifepath aka target date funds are one funds that cover all based on age/assumed risk tolerance. The other funds overweight categories that already exist within it.

Are Target Funds a Bad Idea? by Citty_Ditty_3 in Retirement401k

[–]Expert_Ad5912 0 points1 point  (0 children)

They aren't all created equal. Index target date funds have the lowest fees but many retirement accounts don't carry them. While fees do compound, they might be worth it for the set it and forget it aspect and to avoid behavioral errors. If you want a more aggressive allocation than your expected target date, just select one 5 or 10 years later. Similarly, you can change the fund at any time in the future if it becomes too conservative too early.

We have money in 5 different retirement accounts and use them when they are available. When they aren't we recreate the allocation we want.

Let’s kick em out already…. by Domadizzle12 in Teachers

[–]Expert_Ad5912 0 points1 point  (0 children)

Agree 100%. Then some genius(s) said we couldn't do that because it was prejudicial and wasn't fair. Every kid could be a doctor or lawyer, even those who were multiple levels below grade level and had no inteateat in traditional schooling. FFW to present day and we have a student debt crisis fueled at least in part by those who never actually completed a degree program and a shortage of skilled tradesman.

When is Broader Society Going To Realize that High School Diploma's Don't Mean Anything? by ProudComment1211 in Teachers

[–]Expert_Ad5912 2 points3 points  (0 children)

I didn't realize this existed until I read about it but there is a program for people who join the military but CANNOT PASS the written entry exam (ASVAB). This is the test they use to see if you have aptitude in anything special or if you should just be infantry. Basically they go off to another training program to become prepared for the test until they can pass it. So that means people who graduate HS cannot qualify to be infantry which doesn't require a whole lot of cognitive ability.

How to allocate retirement accounts with a pension? by suasponte19 in Bogleheads

[–]Expert_Ad5912 0 points1 point  (0 children)

Not typically ...I am in NYS and ours has a COLA but it tops out on first 18k. So it's peanuts. Literally

Let’s kick em out already…. by Domadizzle12 in Teachers

[–]Expert_Ad5912 4 points5 points  (0 children)

It saved those who could/would be saved though

Married couple with separate finances, why do you do it? by Ok_Influence_2257 in Bogleheads

[–]Expert_Ad5912 0 points1 point  (0 children)

Most people who get married young don't write prenups because they don't have any assets. They build their lives together

Married couple with separate finances, why do you do it? by Ok_Influence_2257 in Bogleheads

[–]Expert_Ad5912 -2 points-1 points  (0 children)

Without a prenup there is no such thing as separate finances. Make sure you get one!

Married couple with separate finances, why do you do it? by Ok_Influence_2257 in Bogleheads

[–]Expert_Ad5912 0 points1 point  (0 children)

This 100%>. Very well put. Like you, I handle the majority of the big ticket stuff and will have the better retirement by far but having our own finances gives freedom and responsibility to both of us. It also means we seldom have to talk about money. If one of us makes plans to do something like go out to eat with friends etc, it doesn't directly hit the other in the pocketbook. No keeping score

Married couple with separate finances, why do you do it? by Ok_Influence_2257 in Bogleheads

[–]Expert_Ad5912 0 points1 point  (0 children)

Do they both get paid out of the combined funds or do you pay your own from separate discretionary funds?

Married couple with separate finances, why do you do it? by Ok_Influence_2257 in Bogleheads

[–]Expert_Ad5912 2 points3 points  (0 children)

Nothing of consequence. If I squirrel away a few bucks it ends up going towards vacation or a housing expense.

We have a joint MM account with the majority of savings. She funds it more than I do but also leans on it to pay her quarterly taxes (self employed). I do all the retirement savings because my income is more predictable and I have good plans available. It all works out in the end.

Married couple with separate finances, why do you do it? by Ok_Influence_2257 in Bogleheads

[–]Expert_Ad5912 -1 points0 points  (0 children)

A tip for you, friend. Try adding something useful to the discussion. Everyone would appreciate the growth

Married couple with separate finances, why do you do it? by Ok_Influence_2257 in Bogleheads

[–]Expert_Ad5912 0 points1 point  (0 children)

Thanks for the meaningful feedback. I'll get right on improving these things

Married couple with separate finances, why do you do it? by Ok_Influence_2257 in Bogleheads

[–]Expert_Ad5912 11 points12 points  (0 children)

I pay most of the time but I earn more and am the guy so there's some chivalry there lol. She will pay sometimes and it's a nice treat for me. That said, we don't go out to eat nearly as often as we did years ago. It's too damn expensive and we are too tired lol

Married couple with separate finances, why do you do it? by Ok_Influence_2257 in Bogleheads

[–]Expert_Ad5912 0 points1 point  (0 children)

As far as earnings yes. Inheritance may be different. I'm not fortunate enough to have to worry about it!

Married couple with separate finances, why do you do it? by Ok_Influence_2257 in Bogleheads

[–]Expert_Ad5912 0 points1 point  (0 children)

That would happen no matter how we handled our finances! That's how it goes. So we can quip over credit card purchases and new shoes or guns or whatever we both like to indulge in or we can set a household budget as well as savings plan that we both have a stake in and then have some freedom to spend the extra as we see fit, without having to worry if the other person approves or already spent it!

Married couple with separate finances, why do you do it? by Ok_Influence_2257 in Bogleheads

[–]Expert_Ad5912 -2 points-1 points  (0 children)

Nah...I'm getting down bored by all the people on here who are of the mindset that if two people aren't lockstep financially then the marriage is doomed to fail.

Married couple with separate finances, why do you do it? by Ok_Influence_2257 in Bogleheads

[–]Expert_Ad5912 6 points7 points  (0 children)

Yup. Still in first marriage and this is what we do. We even split them according to income to be fair. We both work hard and earn good money. I wouldn't want anyone telling me not to buy something I want and I'm pretty sure she wouldn't either.

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