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Re: Mr. Money Mustache: Hero or Foolish?

What people really need to do is go read some tight wad gazettes from the 90s. Until you doing things like only going #2 when your out (to save on TP costs) and realizing that a trip to McDonalds pays for it self in napkins and condiments you take home, your not really trying to save money:) Now yo...
by Hub
Thu Feb 12, 2015 5:33 pm
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 452
Views: 72670

Re: Moving up a tax bracket - when to avoid, when to give up

No matter what, make sure your tax deferred contributions keep you below the 25% if possible (by "if possible" I mean if it's at all possible to get down there without running out of room for pretax contributions then make yourself save more to get there.) From there, fill roth then switch...
by Hub
Wed Jan 28, 2015 12:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Moving up a tax bracket - when to avoid, when to give up
Replies: 26
Views: 2655

Re: Amazon Prime - good deal or calculated conditioning

For me its less about saving money and more about not having to go to stores in person. We are same. I simply do not spend any time in retail stores beyond the grocery store. The "free" 2-day shipping thing is much more about the speed than the cost to me. 2 days means I can afford to wai...
by Hub
Wed Jan 28, 2015 10:57 am
 
Forum: Personal Finance (Not Investing)
Topic: Amazon Prime - good deal or calculated conditioning
Replies: 50
Views: 2979

Re: Success stories of NOT buying more/too much house

My wife and I still live in the same home we bought 9 years ago in our 20's. She is quitting work next month to stay home with the kids for a couple years. It's 2000 square feet and 4 bedrooms so plenty of room. We almost upgraded about 3 different times, but resisted each. There is zero chance she ...
by Hub
Mon Jan 26, 2015 1:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Success stories of NOT buying more/too much house
Replies: 65
Views: 6241

Re: When to take a HSA distribution for past medical costs

Yes to minimize the trouble I keep all the documents in a folder. At years end I tally them up, insert the schedule of expenses in the front, seal them in an big envelope, and write HSA reimbursable and the amount on the outside. So that when I or anybody else gets ready to reimburse they just need...
by Hub
Mon Jan 26, 2015 11:23 am
 
Forum: Personal Finance (Not Investing)
Topic: When to take a HSA distribution for past medical costs
Replies: 25
Views: 1898

Re: Tax Loss Harvesting Form ?

On a related note, I sold some taxable stock on 12/31, but it didn't "settle" in my account until January 2. Will my 1099-B be for 2014?
by Hub
Tue Jan 20, 2015 1:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax Loss Harvesting Form ?
Replies: 7
Views: 522

Re: How to Know You're Saving Enough?

I don't think your current net worth has much to do with whether you are saving "enough." It's all about income vs expenses at your age. My honest opinion is that saving 50% of gross after taxes is "enough" by any measure and will keep lifestyle inflation firmly in check. Side ef...
by Hub
Tue Jan 20, 2015 1:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to Know You're Saving Enough?
Replies: 24
Views: 3184

Re: Will I be able to retire at 55?

Regarding the educational expenses, it seems to me either OP will already be retired and thusly will be eligible for a solid amount of financial aid, or he won't and will be able to cash flow them for the most part and just forgo all other saving those years.
by Hub
Tue Jan 20, 2015 1:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Will I be able to retire at 55?
Replies: 13
Views: 2343

Re: Will I be able to retire at 55?

Basically, you need $3,000,000, you have $668,000 and you want to save $80,000 per year. Assuming a 5% real return I have you cracking $3MM in 15 years. So yeah, 55 retirement seems very realistic as does your ability to lower savings to $80k per year. I personally think your plans for educational e...
by Hub
Mon Jan 19, 2015 12:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Will I be able to retire at 55?
Replies: 13
Views: 2343

Re: Home Owners insurance pricing ???

Very helpful Alan. I'm in TX also and have seen my premiums rise almost 50% over the past few years. Need to make a move.
by Hub
Thu Jan 15, 2015 9:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Home Owners insurance pricing ???
Replies: 14
Views: 1602

Re: Confused by Wiki Advice on HSA Spending

Yes, but the first situation isn't realistic. If you have to pay a $1000 bill, that is $1000 you must get out of some account. If it comes out of your HSA, it doesn't affect the amount of money you have available to invest; if it comes out of your checking account, that is $1000 you will have to re...
by Hub
Thu Jan 15, 2015 3:17 pm
 
Forum: Investing - Theory, News & General
Topic: Confused by Wiki Advice on HSA Spending
Replies: 26
Views: 3358

Re: Selling mineral rights to land?

I realize that this was top of market but we got $25k per acre and 25% royalty back in 2009. Barnett Shale TX. Just shows what they think it's worth if they have to pay it, not that anyone gets that now.
by Hub
Fri Jan 09, 2015 11:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Selling mineral rights to land?
Replies: 55
Views: 7196

Re: Should We Stay Or Should We Go?

You sound just like us. Only difference is we're still in the cheaper house and never pulled the trigger on the new one. I was always resistant to upgrade even though we came very close. Then I found my dreams of early FI and am so thankful to not have the drain of one of those houses we considered....
by Hub
Fri Jan 09, 2015 12:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should We Stay Or Should We Go?
Replies: 33
Views: 4128

Re: The Callan Periodic Table of Investment Returns 2014

I like looking at this data. I manually invest 401k money every month in etfs so I like to try to go heavier on whatever is having a bad year or quarter. All while staying with my bands of course. In this regard I find the JP morgan chart useful, but could stand one with more asset classes still if ...
by Hub
Fri Jan 09, 2015 12:36 pm
 
Forum: Investing - Theory, News & General
Topic: The Callan Periodic Table of Investment Returns 2014
Replies: 26
Views: 3978

Re: Do you celebrate financial milestones?

How do you check Voyager status in Vanguard? I recently went over $50k total assets. It just happens automatically. They mail you something. I currently don't have a specific milestone that would trigger a celebration. A cheeky one I got from another poster on here is to celebrate $401k in your 401...
by Hub
Mon Dec 08, 2014 1:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you celebrate financial milestones?
Replies: 117
Views: 14466

Re: Dave Ramsey Only Invests in Mutual Funds that Beat the S

I have appreciated watching him dig in on his investing ignorance over the past couple years. It's obvious that nobody past "Baby Step 2" is in need of his services.
by Hub
Fri Dec 05, 2014 6:43 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey Only Invests in Mutual Funds that Beat the S&P
Replies: 23
Views: 3544

Re: Advice for lock-boxing inheritance for 20 years

In light of all that is does make some sense for the will to stipulate a trust be formed, invested in X manner, and liquidated on X date to x,y, and z people. You're the trustee, but there's no decisions to make outside of the narrow confines of the allowed investments. Make the date 10 years from d...
by Hub
Fri Dec 05, 2014 1:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advice for lock-boxing inheritance for 20 years
Replies: 45
Views: 3802

Re: HELOC as emergency fund

The HELOC as an emergency fund thing depends on a lot of factors. The amount of equity in your home is one of them. I have $100k equity in a $200k home, so I have a HELOC large enough to easily cover my family's annual spend. Since this is more than I would ask from any emergency fund, I think I'm i...
by Hub
Fri Dec 05, 2014 12:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: HELOC as emergency fund
Replies: 19
Views: 1801

Re: HELOC as emergency fund

I have a HELOC as an additional emergency fund. I like knowing that I could handle something large quickly without having to sell stocks in my taxable account.

That said I still keep a $10k or so cash buffer around. Having the HELOC keeps me from feeling the need to add to that.
by Hub
Thu Dec 04, 2014 4:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: HELOC as emergency fund
Replies: 19
Views: 1801

Re: MLP ETFs

Interesting, a deferred tax liability that may not come to pass during the time you own the shares. So, then the quarterly "dividends" that are yielding 6% come to the investor as what kind of income?
by Hub
Mon Dec 01, 2014 5:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: MLP ETFs
Replies: 14
Views: 1427

Re: MLP ETFs

Read the stuff on this link, then tell your father only to invest if he goes in "eyes wide open". http://www.naptp.org The price of oil is dropping, a lot of these master limited partnerships own the pipelines, ...snip... Good Luck! He likes that it isn't as directly dependent on the pric...
by Hub
Mon Dec 01, 2014 4:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: MLP ETFs
Replies: 14
Views: 1427

Re: MLP ETFs

Tanelorn wrote:AMJ is another. It might be an ETN if I recall correctly, so no tracking error in exchange for a little credit risk.
Yes that seems to be the case. But also some tax differences that I don't fully grasp.
by Hub
Mon Dec 01, 2014 4:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: MLP ETFs
Replies: 14
Views: 1427

MLP ETFs

I'm trying to evaluate AMLP for my father. He has his Edward Jones guy pushing it pretty hard for "all his clients." http://etfs.morningstar.com/quote?t=amlp The fund lists management fees annually of 0.85%, which is high for me, but not outright offensive. However the ER shows to be 8.56%...
by Hub
Mon Dec 01, 2014 12:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: MLP ETFs
Replies: 14
Views: 1427

Re: Wisdom: When to drop disability insurance?

I dropped mine when I realized we could live comfortably on 1 salary plus social security disability.
by Hub
Tue Nov 25, 2014 11:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wisdom: When to drop disability insurance?
Replies: 11
Views: 1257

Re: Living below my means, means…

I think avoiding debt and saving a relatively low % of your income is just living at your means. LBYM to me means you're savings a % of money that could have really translated into a noticeably higher standard of living if spent. Anecdotally, I feel this starts to be true once you're saving north of...
by Hub
Tue Nov 25, 2014 4:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Living below my means, means…
Replies: 32
Views: 2777

Re: COBRA Questions

OK, so for example say a person and their spouse are on separate employer plans. One leaves work and then needs to be added to the other's employer plan, life changing event style. What's the optimal way to minimize costs while remaining covered during the transition? For example: 1. Wait 45-50 day...
by Hub
Tue Nov 25, 2014 11:39 am
 
Forum: Personal Consumer Issues
Topic: COBRA Questions
Replies: 19
Views: 1668

Re: How should wife counter salary offer within current co.?

Good thread. My biggest takeaway from this is that, despite the discomfort, your wife should at least have a conversation with the hiring director about this. It can be quick and seemingly casual, but it needs to take place so that it's easier next time if nothing else. It's possible this person doe...
by Hub
Mon Nov 24, 2014 3:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: How should wife counter salary offer within current co.?
Replies: 60
Views: 5900

Re: Pension buyout offer - Accept or reject

You would need an annual return of 5.3% for a $57,000 lump sum to provide a $750 monthly payment from age 65 to 82.6. [ * ] This is calculated using the method in part 3 of my post Re: Yet Another Pension Buyout Scenario . Thank you for the nice spreadsheet help. I'm weighing a cash out or keep opt...
by Hub
Wed Nov 19, 2014 5:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pension buyout offer - Accept or reject
Replies: 46
Views: 8275

Re: Is this an appropriate use for a line of credit?

Regarding what's appropriate for a line of credit vs other types of loans, the equipment is usually pretty easy to put up as collateral for a term note. A line of credit is for working capital and shouldn't be used for items that don't revolve. So maybe you're looking for a "Guidance Line"...
by Hub
Wed Nov 19, 2014 4:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is this an appropriate use for a line of credit?
Replies: 6
Views: 601

Re: COBRA Questions

First, the relevant Cobra timing issues. 1. You have sixty (60) days to elect COBRA coverage from when you receive the COBRA enrollment materials from your employer 2. You have forty-five (45) days after you elect coverage to make payment. 3. You technically have 105 days after receiving your enrol...
by Hub
Thu Oct 30, 2014 2:29 pm
 
Forum: Personal Consumer Issues
Topic: COBRA Questions
Replies: 19
Views: 1668

Re: Is semi-retirement a bad idea?

I'm in late, but just wanted to note the OP is not looking at "semi-retirement" by any normal definition. The OP is simply asking about downsizing employment. This can work or can backfire, but people do this all the time. They have kids and scale back, get tired and scale back, whatever....
by Hub
Wed Oct 15, 2014 11:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Is semi-retirement a bad idea?
Replies: 106
Views: 8180

Re: Market at a glance: 52-week and today

excellent post. thanks.
by Hub
Mon Oct 13, 2014 8:13 pm
 
Forum: Investing - Theory, News & General
Topic: Market at a glance: 52-week and today
Replies: 19
Views: 3364

Re: Just read All About Asset Allocation by Mr. Ferri.. Help

Ferri's book introduced me to the concepts you speak of OP, but I did quite a bit more reading before I settled on an asset allocation. I would recommend reading Swedroe next with "The only Guide to a Winning Investment Strategy You'll Ever Need." It will help you to refine your inner slic...
by Hub
Mon Oct 13, 2014 6:01 pm
 
Forum: Investing - Theory, News & General
Topic: Just read All About Asset Allocation by Mr. Ferri.. Help!
Replies: 14
Views: 2236

Re: Is semi-retirement a bad idea?

I would love to live like a nomad for a year or two since I can do my work on the road. The quandary I have though is that by the time I could semi-retire and do this, my daughter will be in grade school so we'll probably need to stay put. My kids will be in grade school by the time I pull this off...
by Hub
Sun Oct 12, 2014 12:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is semi-retirement a bad idea?
Replies: 106
Views: 8180

Re: Is semi-retirement a bad idea?

My plan is similar to yours OP. We don't make what you make, but by age 40 we'll have between $650k and $900k in invested retirement assets. That's enough for me to mark saving for retirement completely off my to-do list (could probably stop sooner even). At that point I intend for wife and me to do...
by Hub
Sun Oct 12, 2014 11:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Is semi-retirement a bad idea?
Replies: 106
Views: 8180

Re: Wife Expecting, Down to One Income Source

My wife is set to quit her job around the 1st of the year to stay home with our 2 young children. At first the realization that this was going to happen was a punch in the gut because she makes a nice salary and we're already saving all of it, so I had gotten pretty attached to our 50+% savings rate...
by Hub
Sun Oct 12, 2014 11:03 am
 
Forum: Personal Finance (Not Investing)
Topic: Wife Expecting, Down to One Income Source
Replies: 116
Views: 9466

Re: Employer finding out you have a financial cushion?

To OP: Do not tell. A person I know well that we will call "Susie" works at a Fortune 50 company that has been around a long time. When it comes time for layoffs, the managers often use personal circumstances to make the determination. "Bob has a family and his wife is unemployed, bu...
by Hub
Thu Sep 25, 2014 10:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Employer finding out you have a financial cushion?
Replies: 72
Views: 8861

Re: Employer finding out you have a financial cushion?

To OP: Do not tell. A person I know well that we will call "Susie" works at a Fortune 50 company that has been around a long time. When it comes time for layoffs, the managers often use personal circumstances to make the determination. "Bob has a family and his wife is unemployed, bu...
by Hub
Thu Sep 25, 2014 10:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Employer finding out you have a financial cushion?
Replies: 72
Views: 8861

Re: Solo 401k Contribution Limit Confusion

Oddly enough I find myself running numbers under this exact same circumstance. I'm trying to set up an excel formula that adjusts accordingly once you get into this range of maxing $17,500 employee contribution, but having net Sched C income of less than $17,500 plus 50%-100% of 20% of net Schedule ...
by Hub
Wed Sep 17, 2014 9:25 am
 
Forum: Investing - Theory, News & General
Topic: Solo 401k Contribution Limit Confusion
Replies: 7
Views: 870

Re: Why COULDN'T we just retire on Social Security?

As a 30 something planning on an earlier than typical boglehead retirement, I think it's important for my family to keep our minimum required expenses below what SS projects to pay us. This helps curtail lifestyle creep and enables a very aggressive current level of savings. If the day comes that we...
by Hub
Fri Sep 12, 2014 11:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Why COULDN'T we just retire on Social Security?
Replies: 66
Views: 6207

Re: Paperback of The Bogleheads' Guide to Investing, 2nd Ed.

I just loaned my copy out to a young co-worker a couple weeks ago. I'm happy to hear there's a 2nd edition out that I can point her to. There's something about financial books where, when I was a novice investor, a little dated information made me inclined to throw the baby out with the bathwater. A...
by Hub
Sat Aug 23, 2014 8:01 am
 
Forum: Investing - Theory, News & General
Topic: Paperback of The Bogleheads' Guide to Investing, 2nd Ed.?
Replies: 34
Views: 3555

Re: look at small value etfs

Grabiner hit on it, but I'm left wondering how to decide between VBR and RZV. The expense ratios are 0.09% vs 0.35% respectively, but the size and value differences appear significant within the category. As an accumulator VBR is free to trade for me so the trading fee is enough to break the tie for...
by Hub
Sat Aug 23, 2014 7:09 am
 
Forum: Investing - Theory, News & General
Topic: look at small value etfs
Replies: 34
Views: 3408

Re: If interest rates would ever reach double digits again

May be inclined to put my bond allocation in TIPS. And then some.
by Hub
Thu Jul 17, 2014 1:15 pm
 
Forum: Investing - Theory, News & General
Topic: If interest rates would ever reach double digits again
Replies: 36
Views: 3184

Re: Why I can't be a day trader.

I use a self directed Schwab brokerage for both my wife and my 401ks just because it's the far superior option to the funds otherwise available in each plan. Thusly some of my monthly investing must be done in ETF trades. It really took me a while to get this out of my head. Like freddie mentioned, ...
by Hub
Wed Jul 16, 2014 10:10 am
 
Forum: Personal Finance (Not Investing)
Topic: Why I can't be a day trader.
Replies: 38
Views: 3113

Re: UGMA/UTMA/529 for newborn

Just a thought regarding a UTMA account for a newborn, my dad established one for each of my kids at birth. Once they have earned income I'm thinking I may dollar for dollar their UTMA money into Roth IRAs. This shelters it from FAFSA calculations. The Roth contributions could still be used for educ...
by Hub
Wed Jul 16, 2014 10:06 am
 
Forum: Personal Finance (Not Investing)
Topic: UGMA/UTMA/529 for newborn
Replies: 21
Views: 1395

Re: What ONE investing book or article for skeptical sibling

I think about this question often. For my father I think I'm going to give him my copy of Four Pillars because it's a case of trying to have him come around to the reality of the expense of his Edward Jones guy. Additionally I want to kind of knock the dust off the illusion of how complicated the ma...
by Hub
Fri Jul 11, 2014 2:57 pm
 
Forum: Investing - Theory, News & General
Topic: What ONE investing book or article for skeptical sibling?
Replies: 30
Views: 3132

Re: How does a commercial banker define liquidity?

Correct. Any sort of retirement account is basically ignored when it comes down to liquidity or tangible net worth calculations. Though your commercial banker is likely a human and will note the obvious qualities of a person that has been able to save a lot in retirement accounts. Banking regulatio...
by Hub
Tue Jul 08, 2014 3:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: How does a commercial banker define liquidity?
Replies: 8
Views: 849

Re: How does a commercial banker define liquidity?

Correct. Any sort of retirement account is basically ignored when it comes down to liquidity or tangible net worth calculations. Though your commercial banker is likely a human and will note the obvious qualities of a person that has been able to save a lot in retirement accounts.
by Hub
Tue Jul 08, 2014 8:38 am
 
Forum: Personal Finance (Not Investing)
Topic: How does a commercial banker define liquidity?
Replies: 8
Views: 849

Re: Do you tell your kids how much you make?

My dad told me how much they made by the time I was about in 10th grade. Back then he and mom both worked for the government and did pretty well, but nothing remarkable. Now he's well into a 2nd career and making good money, but I could only estimate how much. I wouldn't ask specifically and he hasn...
by Hub
Mon Jul 07, 2014 1:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you tell your kids how much you make?
Replies: 58
Views: 6576

Re: Any Bogelheads get involved in private equity?

Most of these replies seem to apply to something different than a situation I'm looking at with my non boglehead father. Would the masses feel differently about private bank stock? P/E of 7, 3% dividend, nice history of profitability and return on equity. Obviously the illiquidity is the issue. No f...
by Hub
Sun Jul 06, 2014 4:45 pm
 
Forum: Investing - Theory, News & General
Topic: Any Bogleheads get involved in private equity?
Replies: 31
Views: 3715
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