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by HopeToGolf
Sat May 23, 2015 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: Not able to max out all the retirement accounts
Replies: 69
Views: 3661

Re: Not able to max out all the retirement accounts

Yellowgirl 1) Relax, you are doing fine. With 4 kids and at just over $100k salary you cannot afford or need to max out on retirement at your age. If you were successful at doing so, your retirement life would be better than your current standard of living. With 300k in home equity you are fine. Ma...
by HopeToGolf
Sat May 23, 2015 4:20 am
Forum: Personal Finance (Not Investing)
Topic: Not able to max out all the retirement accounts
Replies: 69
Views: 3661

Re: Not able to max out all the retirement accounts

Yellowgirl 1) Relax, you are doing fine. With 2 kids and at just over $100k salary you cannot afford or need to max out on retirement at your age. If you were successful at doing so, your retirement life would be better than your current standard of living. With 300k in home equity you are fine. Max...
by HopeToGolf
Fri May 22, 2015 4:30 am
Forum: Personal Finance (Not Investing)
Topic: Career Advice: Follow "Passion" or Follow the Money?
Replies: 73
Views: 3833

Re: Career Advice: Follow "Passion" or Follow the Money?

Follow your passion. 100K plus is decent and if you are as good as you say other $$$$ opportunities will follow. Additionally, if you have no ties and a similar role can be had at a LCOL location, consider moving. Seriously. Regarding high level strategy consulting, if you are not passionate about t...
by HopeToGolf
Sat May 16, 2015 3:39 am
Forum: Personal Finance (Not Investing)
Topic: Anyone went to top 10 business school? Got a 730 on GMAT. Thoughts?
Replies: 20
Views: 2888

Re: Anyone went to top 10 business school? Got a 730 on GMAT. Thoughts?

You have a shot. However, figure out what you want to do post MBA to ensure it is worth it. Your pursuit of the CFA leads me to believe you want to be an investment banker or research analyst. If that is true you need to come up with a "story" for your essays. What makes you a compelling a...
by HopeToGolf
Fri May 08, 2015 7:05 am
Forum: Personal Consumer Issues
Topic: Save $$$ On Razor Blades
Replies: 29
Views: 3517

Re: Save $$$ On Razor Blades

+1 on the DE safety razor....great shave and very economical. Since I only shave about 3x per week I use the same blade for a while. I bought a variety pack of blades a couple of years ago to figure out which I liked. I am still going through them. I found a couple of blades I like but I have so man...
by HopeToGolf
Wed Apr 22, 2015 4:27 am
Forum: Personal Finance (Not Investing)
Topic: One Spouse Outearning the Other?
Replies: 64
Views: 5502

I'll defend the guys a bit here. At MegaCorp, colleagues and the rest of society make it difficult for the male spouse to feel comfortable earning less than his wife. If a dual career "corporate" couple is raising children without outsourcing, someone has to sacrifice in order to get thing...
by HopeToGolf
Sun Apr 12, 2015 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Growing Hatred for Inuit: Turbotax & Mint Acct. Merged
Replies: 1
Views: 416

Growing Hatred for Inuit: Turbotax & Mint Acct. Merged

So Intuit merged my TurboTax and Mint accounts. Apparently, I can no longer access my 75% completed taxes since it was created using a different email account. (Yes even after all the nonsense I still used Turbotax this year.) :oops: Anyone deal with this issue and have a solution? I checked the Int...
by HopeToGolf
Sat Apr 04, 2015 6:29 am
Forum: Personal Finance (Not Investing)
Topic: Paying for childrens' college
Replies: 121
Views: 8193

Re: Paying for childrens' college

Interesting that some posters are recommending that OP ignore the cost because it is inflated. The fact is college tuition growth has outpaced inflation and salary growth for decades. It cannot be ignored. OP- Save what you can and figure out what you can pay once the time comes. The bottom line is ...
by HopeToGolf
Sat Mar 14, 2015 9:12 am
Forum: Investing - Help with Personal Investments
Topic: How to pull money out of investments to backfill E-fund
Replies: 12
Views: 1061

Re: How to pull money out of investments to backfill E-fund

Your portfolio is large enough where I do not think you should necessarily feel like you need to move money to a dedicated emergency fund. I would roll the dice and replenish it with savings versus moving money from one place (taxable) and then direct savings back to the other vehicle(s). If an emer...
by HopeToGolf
Sat Feb 28, 2015 8:04 am
Forum: Personal Finance (Not Investing)
Topic: I survived my initial performance improvement mtg. Now what?
Replies: 33
Views: 4766

Re: I survived my initial performance improvement mtg. Now w

As you search for your new job think about what you like to do and your responsibilities. You mentioned finding a similar job for similar pay but consider if that is what you want. Are you a good regional manager? Do you want to be? Do you enjoy the job? If the answers are no, a different line of wo...
by HopeToGolf
Sun Feb 22, 2015 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Should I Quit My Job
Replies: 46
Views: 6872

Re: Should I Quit My Job

If this is a dream, why didn't you follow it just out of high school or college? Careful with the decision. I would look at the outcome you seek (4 years and done? officer? 25 year career? Etc.) and talk to people about the probability of that outcome occurring. If you are doing it just to serve...f...
by HopeToGolf
Sun Jan 04, 2015 6:36 am
Forum: Personal Finance (Not Investing)
Topic: Potential new job and relocation advice.
Replies: 13
Views: 1245

Re: Potential new job and relocation advice.

1. Are you sure you want to live in rural Ohio? Have you looked at the positives and negatives and overwhelming ended up on the positive side of things. 2. How secure is the job/company? 3. Are you sure that you will like the work? 4. Have you really "done the math" regarding the move? You...
by HopeToGolf
Sat Dec 27, 2014 7:06 am
Forum: Personal Finance (Not Investing)
Topic: Bonus how much do you spend vs save?
Replies: 50
Views: 5221

Re: Bonus how much do you spend vs save?

It depends on your long-term goals. If you plan to work until your are 65, your job is secure and your savings are on track, then who cares, spend it all. We take a small amount of our after tax bonuses and I save mine (cash and index funds) for some future frivolous expenditure (sports tickets, gol...
by HopeToGolf
Sat Dec 27, 2014 6:47 am
Forum: Personal Finance (Not Investing)
Topic: Failing Entrepreneur ... need advice
Replies: 23
Views: 3131

Re: Failing Entrepreneur ... need advice

I have never been in your situation but just a few thoughts...... 1) Are you tired of the variable nature of the income associated with your business? If so, maybe there is a way to solve for that. 2) Are you looking to leave the business because you think it is unlikely to meet your financial and p...
by HopeToGolf
Fri Dec 26, 2014 9:50 am
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 942
Views: 191637

Re: I think I just got a $5,000 watch for Christmas

Congrats and wear it well. Appreciate the "old" technology that it uses to keep time.

Btw, if she bought it new, it is very possible the thread title is misleading....I am guessing the watch costs more than $5K..then again the reference to the other thread would have been lost.
by HopeToGolf
Wed Dec 24, 2014 6:55 am
Forum: Personal Finance (Not Investing)
Topic: (Poll) Did you tap into emergency fund in the past 10 years?
Replies: 64
Views: 6089

Re: (Poll) Did you tap into emergency fund in the past 10 ye

Tough question to answer. I voted yes.

I had a job loss that extended beyond the severance period so I had to dip into savings. The reality is even during the severance period I was "saving." The bottom line is if you LBYM, the line between emergency fund and savings/extra cash is blurry.
by HopeToGolf
Tue Nov 25, 2014 6:09 am
Forum: Personal Finance (Not Investing)
Topic: Girlfriend with a LOT of Student debt.
Replies: 166
Views: 14237

Re: Girlfriend with a LOT of Student debt.

The easy answer is to run now. However, maybe there is an alternative....what is the girlfriend's plan to pay back the loans? The OP alluded to forbearance and her desire to go into her own business. Does anyone's opinion change if she is an entrepreneur who plans to make at least $150K someday whil...
by HopeToGolf
Mon Nov 17, 2014 5:23 am
Forum: Investing - Help with Personal Investments
Topic: Why own International at all?
Replies: 45
Views: 5227

Re: Why own International at all?

Couple of comments, Developed international stocks have beat US stocks since 1972. A 50/50 split between domestic and international did better yet. The full results are here . The problem is this a period dependent event. If you move the dates around just a little bit you can get a completely diffe...
by HopeToGolf
Sat Nov 15, 2014 4:52 am
Forum: Investing - Help with Personal Investments
Topic: 36 y.o. New at investing, am I in too much debt?
Replies: 63
Views: 7677

Re: 36 y.o. New at investing, am I in too much debt?

1) Pay as much on the CC before building up the emergency fund. When I was in a similar position my thought was if I paid off the CC and then had an emergency, I could always use the CC to fund the problem. Saving money and earning little in interest while paying 13% on CC didn't make much sense to ...
by HopeToGolf
Tue Oct 28, 2014 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Any married (MFJ) spouses contribute to two HSA accounts?
Replies: 2
Views: 343

Any married (MFJ) spouses contribute to two HSA accounts?

I am considering a high deductible plan this year. Typically, either my spouse or myself would carry coverage for the family. With the potential tax benefits from the HSA we are wondering if we can each sign up for a HSA and have one person sign up as an "employee only" and the other signs...
by HopeToGolf
Tue Sep 23, 2014 7:26 pm
Forum: Personal Consumer Issues
Topic: Cast Iron Skillet Cooking
Replies: 127
Views: 17719

Re: Cast Iron Skillet Cooking

No recipes per se but wanted to support cast iron skillet cooking. I bought one pan a number of years ago and after using it once I went out and bought two more in different sizes. Just a month ago I bought a stove top plate that has a flattop on one size and grill pan surface on the other. Long sto...
by HopeToGolf
Thu Sep 04, 2014 5:58 am
Forum: Personal Finance (Not Investing)
Topic: Help Please: Retirement plan vs. Higher Salary
Replies: 35
Views: 3775

Re: Help Please: Retirement plan vs. Higher Salary

I think option 1 is the better choice but let's evaluate option 2 a bit more..... 1) How is compensation structured at other employers? 2) Do you plan to stay with the employer long term? Do people if your field stay with their first employer until retirement? 3) If (and when) you leave do you expec...
by HopeToGolf
Sat Aug 23, 2014 4:59 am
Forum: Personal Finance (Not Investing)
Topic: How much do you plan to save in your 529 plan?
Replies: 60
Views: 7371

Re: How much do you plan to save in your 529 plan?

We are targeting 100% of 4 years at our public state university which we estimate will be about 50% of 4 years (IOW 100% of 2 years) of private school tuition. If we have a shortfall, we will cash flow the remainder. If we cannot pay cash for the shortfall then the kid will have to borrow or find a ...
by HopeToGolf
Sun Aug 17, 2014 2:48 am
Forum: Investing - Theory, News & General
Topic: Help with investing "fun" money
Replies: 7
Views: 711

Re: Help with investing "fun" money

Mind Bogling My wife and I do the same and she spends 100% of her fun money while I spend about 30%. Anyway, I invested the rest and initially I gambled and bought ETFs specific to a few sectors I thought were undervalued. Lately, I just dump it into Total Stock Market. My investment does not mirror...
by HopeToGolf
Sat Aug 02, 2014 8:17 am
Forum: Investing - Help with Personal Investments
Topic: RBD here yet? (DOW -300points drop) [Really Bad Day]
Replies: 49
Views: 5423

Re: RBD here yet? (DOW -300points drop) [Really Bad Day]

Livesoft- Are you suggesting that the RBD puts the Boglehead out of balance enough that the cash comes from fixed income that now composed too high a percentage of the asset allocation? In my case the cash does come from bank accounts, money markets, dividends not yet invested, cash intended for equ...
by HopeToGolf
Sat Aug 02, 2014 6:16 am
Forum: Investing - Help with Personal Investments
Topic: RBD here yet? (DOW -300points drop) [Really Bad Day]
Replies: 49
Views: 5423

Re: RBD here yet? (DOW -300points drop) [Really Bad Day]

If one should be fully invested according to one's asset allocation, where does the cash come from to invest when there is a RBD? The question is more rehtorical in nature than a real question but I always think about it when the topic comes up. Do Bogleheads have "dry powder" laying aroun...
by HopeToGolf
Sat Jul 05, 2014 7:41 am
Forum: Personal Finance (Not Investing)
Topic: investing and debt
Replies: 22
Views: 1520

Re: investing and debt

To be successful in investing and LBYM you will need to change the way you approach your finances. For example, saving the $25 per month for the college fund does not make sense in your situation. Listen to the good advice offered above.
by HopeToGolf
Fri Jul 04, 2014 7:29 am
Forum: Investing - Help with Personal Investments
Topic: Building A Financial Safety Net
Replies: 4
Views: 565

Re: Building A Financial Safety Net

Nerdicus-

Read the threads in the links above. IBonds, CDs, Roth IRAs, HELOCs, even credit cards can be part of a plan for implementing an Emergency Fund.

I would guess that most Bogleheads are not sitting on 6 months of cash just for emergencies.
by HopeToGolf
Thu Jun 26, 2014 4:59 am
Forum: Personal Finance (Not Investing)
Topic: Timeline for buying a house + Q about central Jersey
Replies: 28
Views: 2584

Re: Timeline for buying a house + Q about central Jersey

During your search make sure you get a sense of the culture of the communities. Some are more or less diverse than others. Some focus more or less on academics. I know people who live in some of the best school districts in the state yet send their kids to private school for one reason or another. Y...
by HopeToGolf
Wed Jun 25, 2014 4:28 am
Forum: Personal Finance (Not Investing)
Topic: What is the risk of having too much house
Replies: 51
Views: 4688

Re: What is the risk of having too much house

If my income were at your level it would be too much house for me. Do you and your wife expect to work until 62-70? Do you love the area in which you are buying? Can you withstand not having other luxuries (expensive cars, exotic vacations, etc.) your neighbors have? Will your children attend public...
by HopeToGolf
Mon Jun 23, 2014 4:14 am
Forum: Personal Consumer Issues
Topic: How much car can I afford while paying cash? Details inside.
Replies: 62
Views: 4557

Re: How much car can I afford while paying cash? Details ins

Toys4tots16 Do not worry about your peers. It is tough to do but listen to others on this forum. I am a bit older than you and used to feel similarly and can tell you the feeling of deprevation versus your peers will fade. I have people who report to me and I know exactly how much they make and most...
by HopeToGolf
Sun Jun 22, 2014 7:37 am
Forum: Investing - Theory, News & General
Topic: I Bonds 5.27% interest
Replies: 33
Views: 3885

Re: I Bonds 5.27% interest

Perhaps I-bonds are nothing special. Other kinds of fixed income pay about the same. For instance, I have some TIAA traditional annuity paying 5% nowadays. Guaranteed by the US govt, the ability to cash out at any time (after initial holding period), no federal tax until you cash out (unless you ch...
by HopeToGolf
Sun Jun 22, 2014 4:06 am
Forum: Personal Finance (Not Investing)
Topic: Interest-only mortgage & home-equity loan
Replies: 13
Views: 839

Re: Interest-only mortgage & home-equity loan

This one is easy. Assuming he pays his bills on time and is not over extended, with $240K income he should have no issue borrowing against his home. Other than advising your parents, let him sleep in the bed he made. If he is smart enough to make and keep a $240k year job and keep his house of cards...
by HopeToGolf
Sat Jun 21, 2014 5:22 am
Forum: Investing - Help with Personal Investments
Topic: How much to save for college? - a UK twist
Replies: 7
Views: 923

Re: How much to save for college? - a UK twist

I am not sure how the system works but maybe a good approach is to save and borrow. In other words, save money for college but have the child borrow and later evaluate whether or not to use the savings to pay the loan versus using the debt forgiveness program. By the way, what am I missing about thi...
by HopeToGolf
Wed Jun 18, 2014 4:48 am
Forum: Investing - Help with Personal Investments
Topic: Next steps after 401k/Roth IRA max
Replies: 7
Views: 932

Re: Next steps after 401k/Roth IRA max

I would go with option 3. The after tax 401K to Roth play will allow you more flexibility in the long run in terms of tax savings and it can be used for college. If you can max that account (52K - employee pretax, employee after tax, employer match) then start funding the 529 plan. This may also pre...
by HopeToGolf
Wed Jun 18, 2014 4:15 am
Forum: Investing - Help with Personal Investments
Topic: How to handle maxing a 401k with unknown bonus amount
Replies: 9
Views: 1009

Re: How to handle maxing a 401k with unknown bonus amount

Yes it can be fixed. You will need to find out if her employer will continue matching contributions if she maxes out the employee pretax contribution amount (17.5K). At my company the match stops when the employee stops contributing. We have a "spillover" option which changes the employee ...
by HopeToGolf
Tue May 27, 2014 3:09 am
Forum: Personal Finance (Not Investing)
Topic: Help with wife's student loans
Replies: 21
Views: 2657

Re: Help with wife's student loans

It seems you have discussed having children but I encourage you to do so in detail. Will she work after they are born? What about daycare costs/nannies? If she does not plan to work, will you be paying her loans and yours? The long and short of this is make sure the two of you have a plan for paying...
by HopeToGolf
Mon May 26, 2014 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Pre-nup at only $1M networth, do I need it?
Replies: 199
Views: 13424

Re: Pre-nup at only $1M networth, do I need it?

Do you "need" one...No...Is it reasonable to want one...Yes. At a minimum, it will start a discussion regarding financial expectations. For example, with $250K in student loan debt what is her plan to pay that back. Did she expect that once married you both would be working on it with curr...
by HopeToGolf
Sun May 25, 2014 5:10 am
Forum: Personal Finance (Not Investing)
Topic: Husband just lost job
Replies: 60
Views: 6944

Re: Husband just lost job

Relax. It may not seem that way but it sounds like you and your family are well prepared for this. Immediately figure out what expenses can be cut and how long the emergency funds will last (assuming you only make $800). Set the plan into motion and have your husband take a week off to get mentally ...
by HopeToGolf
Sun May 25, 2014 4:36 am
Forum: Personal Finance (Not Investing)
Topic: declining job due to travel
Replies: 92
Views: 30289

Re: declining job due to travel

In this type of situation I try to examine a worse but potentially likely alternative an decide if it is acceptable. If you say no, your career could stagnate or lose your job. At my Megacorp, that is what would likely happen. Our leaders would view this as an "easy" way for the company to...
by HopeToGolf
Sun Apr 13, 2014 2:52 am
Forum: Personal Finance (Not Investing)
Topic: deferred comp plans
Replies: 20
Views: 1918

Re: deferred comp plans

2. If I leave before my income is low, it seems my contributions and gains will be taxed at my marginal rate. In the case of the capital gains, this would be significantly higher than the rate I would have paid in a taxable account. I haven't done the math yet. It is sometimes hard to grasp (I know...
by HopeToGolf
Sat Apr 12, 2014 5:31 am
Forum: Personal Finance (Not Investing)
Topic: deferred comp plans
Replies: 20
Views: 1918

Re: deferred comp plans

I am also evaluating whether or not to use my deferred comp plan. Here are my concerns with our structure: 1. Unless you are 55 when you leave the company, the account balance is paid as a lump sum. This could be a wash from a tax standpoint depending on the size of the account and the marginal rate...
by HopeToGolf
Tue Apr 08, 2014 4:54 am
Forum: Personal Finance (Not Investing)
Topic: Do I take the separation package offer?
Replies: 52
Views: 6040

Re: Do I take the separation package offer?

This decision is easy, try to negotiate more and take the final offer and leave. You worked at the company for XX number of years. If you have not contributed what you wanted to in order to leave the impression you desire, working an extra year in a downsized company is unlikely to give you the oppo...
by HopeToGolf
Sat Apr 05, 2014 4:12 am
Forum: Investing - Help with Personal Investments
Topic: How am I doing - stress check UPDATED with INFO
Replies: 14
Views: 2254

Re: How am I doing - stress check UPDATED with INFO

Take another look at your expenses and how you spent your money in the last 3 years. Here is one way to look at it (very rough)... Income: 1.5 million (500k x 3) Taxes: 600k (40%) Cash: 900k Expenses: 225k (call it 75k per year) Remodel: 250k Remaining cash: 425k Can you account for 425k? The tax es...
by HopeToGolf
Sat Mar 22, 2014 2:52 am
Forum: Investing - Theory, News & General
Topic: Counting equity in house in calculating retirement withdrawa
Replies: 41
Views: 2456

Re: Counting equity in house in calculating retirement withd

There is no "right" answer. If you want to include the impact of owning a home on withdrawal amounts, using FireCalc, add the variable where you get an inflow of value (use the inflated value of the home sale after taxes and fees). You would need to subsequently add a recurring expense for...
by HopeToGolf
Sat Mar 15, 2014 2:28 am
Forum: Investing - Help with Personal Investments
Topic: Combining Backdoor Roth With After-Tax 401K Conversion
Replies: 9
Views: 882

Re: Combining Backdoor Roth With After-Tax 401K Conversion

When calculating the amount you will contribute, do not forget employer contributions also count against the $52K max.
by HopeToGolf
Mon Mar 10, 2014 3:51 am
Forum: Personal Finance (Not Investing)
Topic: 529, max 529, mortgage payoff, or taxable
Replies: 6
Views: 937

Re: 529, max 529, mortgage payoff, or taxable

If you have access to the backdoor Roth using after-tax contributions and in-service withdrawals, I would max that. It would give the most flexibility in terms if emergencies, withdrawals for tuition and retirement. If you have money left over, the 529 makes sense too. I would leave the mortgage alo...
by HopeToGolf
Sat Mar 08, 2014 7:04 am
Forum: Personal Finance (Not Investing)
Topic: Joint or Separate Accounts? - Married Couples
Replies: 82
Views: 4335

Re: Joint or Separate Accounts? - Married Couples

His, Hers and Ours Separate accounts - 401K, Roth, "Allowance" Checking (we each get an allowance that can be spent how we choose) Combined - Taxable investments, savings, checking, mortgage, etc. Essentially everything goes into the joint accounts except the allowance money. One caveat, I...
by HopeToGolf
Mon Mar 03, 2014 4:20 am
Forum: Investing - Help with Personal Investments
Topic: 529 contributions and future tuition costs
Replies: 46
Views: 2977

Re: 529 contributions and future tuition costs

ERMD Thanks for sharing. I ran a similar analysis and came up with similar results for education starting roughly 10 years from now. Can you share the 2013/2014 cost to attend for each class of university in your model? I think it would be helpful to give the readers a sense of today's cost. Thanks.
by HopeToGolf
Sun Mar 02, 2014 12:30 pm
Forum: Investing - Theory, News & General
Topic: Japan, 1989
Replies: 127
Views: 29031

Re: Japan, 1989

Bpp Thank you for posting this. While I do not know enough about the U.S. economy past, present and future compared to that of Japan, this type of post is helpful for me to keep in mind anytime I think about my international equity allocation versus being 100% U.S. In other words, diversification wo...

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