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Re: Hit your #, Still want to work, does your savings % chan

Once I hit the number I intend to start earning less. If that isn't an option then I just loosen my belt a little and keep saving.
by Hub
Sun Apr 20, 2014 2:50 am
 
Forum: Investing - Theory, News & General
Topic: Hit your #, Still want to work, does your savings % change?
Replies: 20
Views: 1481

Re: Mr. Money Mustache: Hero or Foolish?

freddie, those people you mention saving only 10-15% are living hyper-consumer lifestyles. MMM doesnt even attempt to relate to the credit card debt crowd that you're viewing as the 2/20 hyper-consumers.
by Hub
Sun Apr 20, 2014 2:43 am
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 227
Views: 24489

Re: New E-book for Millennials

This is great. Thank you for your generosity and contributions.
by Hub
Mon Apr 07, 2014 1:18 pm
 
Forum: Investing - Theory, News & General
Topic: Free "If You Can" Kindle and .pdf eBook
Replies: 52
Views: 6898

Re: Mr. Money Mustache: Hero or Foolish?

I was a Boglehead long before I started reading MMM's blog. Thankfully my financial knowledge foundation was already in place. MMM has inspired me to embrace frugality and focus on whether an expense adds to my family's happiness or not. Our savings rate has increased from about 30% of gross to over...
by Hub
Sun Apr 06, 2014 5:03 pm
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 227
Views: 24489

Re: POLL: Do you use your HSA funds to pay for medical expen

I'm trying to wrap my head around using the HSA for expenses for someone maxing all tax advantaged space and investing everything else in taxable. Basically, every bill I pay out of pocket pre-pays my federal and FICA taxes while simultaneously preventing me from investing the bill amount in taxable...
by Hub
Sat Mar 29, 2014 1:06 am
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Do you use your HSA funds to pay for medical expenses?
Replies: 78
Views: 4188

Re: Should you discuss your wages with your peers?

I think it would be beneficial for me to know what my 3 closest peer co-workers make. I know their production and relative value to the company and can fully understand reasons for one to be paid more or less than another. This information would help me greatly when negotiating my next raise.
by Hub
Fri Mar 14, 2014 6:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should you discuss your wages with your peers?
Replies: 82
Views: 6618

Re: Should you discuss your wages with your peers?

I think the cultural norm to never discuss such things is of great benefit to the company, and possibly detriment to the individual.

That said I don't talk about it with anyone at work and never have.
by Hub
Fri Mar 14, 2014 2:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should you discuss your wages with your peers?
Replies: 82
Views: 6618

Re: Random Walk Down Wall Street

Thanks for the book review OP. :)

I actually have this one on my 2014 to-do list after noticing a copy on my bookshelf, but I know it will say a bunch of stuff I am already convinced of so it keeps getting bumped for more interesting fare.
by Hub
Fri Mar 14, 2014 2:10 pm
 
Forum: Investing - Theory, News & General
Topic: Random Walk Down Wall Street
Replies: 27
Views: 2317

Re: How did you decide how much to save?

We spend about $60k and save the rest. This would remain true almost no matter what we make (well, $1000/mo in childcare will go away in a few years). The only difference is the date that we are able to quit working the day jobs. 2014 savings rate is over 50%. We arrived at this savings plan when we...
by Hub
Thu Mar 13, 2014 6:26 pm
 
Forum: Investing - Theory, News & General
Topic: How did you decide how much to save?
Replies: 119
Views: 9178

Re: Amazon Prime Increase

If you use the streaming quite a bit (I do -- we don't have Netflix), and/or read a lot and want to do so on some books for "free" (we do), and/or ship gifts frequently (we do, since our family lives scattered across the country, and we seemingly are buying baby gifts or wedding gifts at ...
by Hub
Thu Mar 13, 2014 11:30 am
 
Forum: Personal Consumer Issues
Topic: Amazon Prime Increase
Replies: 185
Views: 7630

Re: Tax-advantaged retirement accounts seem to be enough

Great points Neb. As a fellow 2x401k, 2xRoth family we intend to check out early instead of saving for a luxurious retirement also. For me early is closer to 40 than 60, but that's just because I specifically want to pursue other ventures that will still make some money, but they won't look like a d...
by Hub
Sun Mar 09, 2014 1:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax-advantaged retirement accounts seem to be enough
Replies: 15
Views: 1642

Re: Tax Lot Size

Thanks for the replies. So, now that brokerages track tax lots for you, it seems that the tax lot thing is a non-issue? I'll not be reinvesting dividends for wash sale purposes, but that's the only tax complication I see.
by Hub
Fri Mar 07, 2014 4:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tax Lot Size
Replies: 7
Views: 299

Tax Lot Size

I am in the process of opening my first taxable brokerage account. I intend to be able to tax loss harvest when possible. I will be investing in it when funds are available, but get the impression that buying $300 at the end of the month may be less of a good plan than buying $2500 or $5000 each tim...
by Hub
Fri Mar 07, 2014 3:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tax Lot Size
Replies: 7
Views: 299

Re: ESA/529 vs Taxable in income tax free state

I am bumping this in case anybody on the morning shift has any thoughts on the matter. Thanks.
by Hub
Fri Mar 07, 2014 10:33 am
 
Forum: Investing - Help with Personal Investments
Topic: ESA/529 vs Taxable in income tax free state
Replies: 1
Views: 121

ESA/529 vs Taxable in income tax free state

I'm trying to decide whether to save for my kids' college in an Education Savings Account or just in taxable investments. I live in a no income tax state, and I currently max all tax advantaged space. We're in the 15% federal bracket for 2014 and probably 2015. I intend to quit our jobs and semi-ret...
by Hub
Thu Mar 06, 2014 4:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: ESA/529 vs Taxable in income tax free state
Replies: 1
Views: 121

Re: What to say to Non-Savers

The only way you'll "need" $3-4 million in retirement is if you intend to have a very high level of spending in retirement ($120,000 per year). I would rather work less than spend more, but we all have choices to make. OP is 33. Lets assume he wants to retire at 65. If you believe the gov...
by Hub
Mon Mar 03, 2014 5:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: What to say to Non-Savers
Replies: 71
Views: 5179

Re: What to say to Non-Savers

Do you plan to work forever goodoboy? A primary motivator for me in delaying gratification now is so that I can be free and financially independent as soon as possible. A savings rate of 23% is nice, but 50% would be a lot better. I think you may feel like you're over-saving just in comparison to yo...
by Hub
Mon Mar 03, 2014 4:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: What to say to Non-Savers
Replies: 71
Views: 5179

Re: is Roth and 401k enough to retire on?

I intend for Roth + 401k to be enough to retire early on, though obviously I aspire to build taxable too. Keep in mind that if you retire at 50 and your income goes to zero, then doing conversions from an IRA to a Roth IRA are taxed at that new lower income level with no penalty. You have to wait 5 ...
by Hub
Thu Feb 20, 2014 11:25 am
 
Forum: Investing - Help with Personal Investments
Topic: is Roth and 401k enough to retire on?
Replies: 11
Views: 1690

Re: Disability insurance. Play devil's advocate for me

Just wanted to chime in and agree with the mind bending difficulty of imagining scenarios where you get screwed by the phrasing of those words. I had a policy on my wife, a lawyer, and it said own occ, but after a few years of benefits it switched to any occ or something. NorthWestern Mutual. Ultima...
by Hub
Tue Feb 04, 2014 4:40 am
 
Forum: Personal Finance (Not Investing)
Topic: Disability insurance. Play devil's advocate for me
Replies: 15
Views: 1175

Re: Maxing 401k into the 15% bracket vs taxable

Welp, I came here hoping you guys would let me invest in taxable, left having found an additional $2,025 of tax advantaged. Honestly I feel good about prepaying 15% marginal into a Roth any day of the week. Thanks so much for the help. EDIT: I see what you're saying about the 25%. I'll need to know ...
by Hub
Tue Feb 04, 2014 3:10 am
 
Forum: Investing - Help with Personal Investments
Topic: Maxing 401k into the 15% bracket vs taxable
Replies: 16
Views: 690

Re: Maxing 401k into the 15% bracket vs taxable

Interesting. I'll have to read up on that, but I'm assuming I could contribute the whole $13,500 to the Roth 401k (understanding that this lowers my take-home). I'm also assuming that this doesn't affect her ability to contribute to a Roth IRA? Then when she quits this job I'm further assuming that ...
by Hub
Tue Feb 04, 2014 2:51 am
 
Forum: Investing - Help with Personal Investments
Topic: Maxing 401k into the 15% bracket vs taxable
Replies: 16
Views: 690

Re: Do Bogleheads see this market dip as a buying point?

I just think it's nice for the market to have been so cooperative to have this mini-correction at the end of the month when our automatic payroll investments are hitting.

I intend to push some more 2013 Roth onto the table tomorrow.
by Hub
Tue Feb 04, 2014 2:16 am
 
Forum: Investing - Theory, News & General
Topic: Do Bogleheads see this market dip as a buying point?
Replies: 127
Views: 13424

Re: Maxing 401k into the 15% bracket vs taxable

Yes. My wife's does. Something I haven't considered, and I don't even know how a Roth 401k works exactly. Your thoughts?
by Hub
Tue Feb 04, 2014 2:03 am
 
Forum: Investing - Help with Personal Investments
Topic: Maxing 401k into the 15% bracket vs taxable
Replies: 16
Views: 690

Re: Maxing 401k into the 15% bracket vs taxable

Wouldn't it make more sense to fill up the 15% bracket by converting some tax-advantaged to a Roth rather than backing off and investing an equivalent amount in taxable? My sense is that Roth gives you even more flexibility as you move forward, because it's not too difficult to pull the contributio...
by Hub
Tue Feb 04, 2014 1:43 am
 
Forum: Investing - Help with Personal Investments
Topic: Maxing 401k into the 15% bracket vs taxable
Replies: 16
Views: 690

Re: Maxing 401k into the 15% bracket vs taxable

However, on the flip side, investing in taxable will not only cost you tax $ this year, it will every year moving forward once you start earning dividends and such. I really don't have a good handle on what this ends up looking like. Say I scrape together $40k in taxable investments over the next 3...
by Hub
Tue Feb 04, 2014 1:40 am
 
Forum: Investing - Help with Personal Investments
Topic: Maxing 401k into the 15% bracket vs taxable
Replies: 16
Views: 690

Re: Maxing 401k into the 15% bracket vs taxable

Congrats on the boy! My first thought is that you're investing with a long-term horizon but only envision being in the 15% bracket for 2.5-3 years. It doesn't seem to me that you're going to be able to take advantage for very long, at least from a tax rate perspective. As for the other reasons you ...
by Hub
Tue Feb 04, 2014 1:29 am
 
Forum: Investing - Help with Personal Investments
Topic: Maxing 401k into the 15% bracket vs taxable
Replies: 16
Views: 690

Re: Maxing 401k into the 15% bracket vs taxable

Sounds good. What do you predict your maximum marginal rate to be in retirement? The current plan is to semi-retire as young as possible and fill up the 15% bracket every year with some combination of wages and annual IRA to Roth IRA conversions. The risk there is that my new semi-retirement career...
by Hub
Tue Feb 04, 2014 1:23 am
 
Forum: Investing - Help with Personal Investments
Topic: Maxing 401k into the 15% bracket vs taxable
Replies: 16
Views: 690

Maxing 401k into the 15% bracket vs taxable

For 2014 with another exemption due this summer (it's a boy) on top of this being a bunched deductions year, we're maxing 2 401ks, an HSA, a dependent care FSA, and have one defined contribution plan. This all has us down to $59k in taxable income, $13,500 worth down into the 15% bracket. I'm kickin...
by Hub
Tue Feb 04, 2014 1:12 am
 
Forum: Investing - Help with Personal Investments
Topic: Maxing 401k into the 15% bracket vs taxable
Replies: 16
Views: 690

Re: Max out my Roth 401(k) or open taxable investment?

Perhaps I am missing something but every time I read a post about investing in a Traditional 401(k) as opposed to a Roth 401(k) - or Traditional IRA as opposed to a Roth IRA - everyone seems to dismiss the huge advantage of tax-free compounding growth offered within the Roth accounts. Even if you a...
by Hub
Tue Feb 04, 2014 12:54 am
 
Forum: Investing - Help with Personal Investments
Topic: Max out my Roth 401(k) or open taxable investment?
Replies: 34
Views: 2419

Re: What is your targeted annual retirement income in today'

We spend about $60k annual now. In retirement that same spend would be quite luxurious once many of my current expenses go away. So I run my numbers planning on $60k annual spend in retirement knowing there's room to spend much less, but also that it's likely I'll end up with the ability to safely s...
by Hub
Tue Feb 04, 2014 12:23 am
 
Forum: Investing - Theory, News & General
Topic: What is your targeted annual retirement income in today's $
Replies: 50
Views: 6251

Re: What is your targeted annual retirement income in today'

We’re shooting for $60k after tax as a couple. We spend about $48k now. SS should cover about $45k, if the projections hold, but we’re shooting for $60k assuming no SS. We’re actually close now (about $2 million) at age 48 and 46, so now the question is do we ratchet the income number up, or retire...
by Hub
Tue Feb 04, 2014 12:18 am
 
Forum: Investing - Theory, News & General
Topic: What is your targeted annual retirement income in today's $
Replies: 50
Views: 6251

Re: Roth Conversion "Horse Race"

Interesting strategy. I intend to be a future semi-retiree doing conversions to fill the 15% bracket just like Rusty so this is hopefully a trick still on the table at that time. One thing I'm not understanding just from reading this thread is what happens to the poor performing one that you pull ba...
by Hub
Wed Jan 29, 2014 4:49 pm
 
Forum: Investing - Theory, News & General
Topic: Roth Conversion "Horse Race"
Replies: 41
Views: 3914

Re: Do Bogleheads see this market dip as a buying point?

I bought some on Friday with some 2013 roth money that was still in cash. Am under no delusions that it matters a bit, but I was just happy to see it come down for a few days. I still have a rather annoying amount of cash that I want invested but the constant run up has left me sitting on my hands o...
by Hub
Mon Jan 27, 2014 2:55 pm
 
Forum: Investing - Theory, News & General
Topic: Do Bogleheads see this market dip as a buying point?
Replies: 127
Views: 13424

Re: Early "retirement" considerations

I like your plan and in some ways share it. If you guys keep living off of less than $30k then you can go ahead and quit now if you really want. If you want to wait 5 years that would be even safer. If you want to make a drop dead I quit when I'm 40 yrs old pact you'll have saved so much you could p...
by Hub
Sun Jan 26, 2014 8:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Early "retirement" considerations
Replies: 25
Views: 2275

Re: Net Worth Survey, 2014 Edition

Interesting data and commentary from the statisticians so far. Thanks to all for the input.
by Hub
Mon Jan 13, 2014 2:42 pm
 
Forum: Investing - Theory, News & General
Topic: Net Worth Survey, 2014 Edition
Replies: 149
Views: 18561

Re: "semi retirement" careers

Oddly enough, Enrolled Agent + CFP is my exact early retirement plan. The tax prep services should provide enough income to "keep the doors open" while the client base builds. I have about 6 years before I quit my job and go this route. At that time I'll be able to go a few years without n...
by Hub
Fri Jan 03, 2014 2:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: "semi retirement" careers
Replies: 17
Views: 2789

Re: Invest all at once or DCA-one of most asked questions I

This remains one of my weaknesses. Cash accumulates in my account for Roth contributions to be made and also in my HSA account and a bit in my 401k. So currently I'm sitting on over $15k that works within my bond allocation sorta, but I want it invested in equities. It's just been tough to do it in ...
by Hub
Fri Jan 03, 2014 12:59 pm
 
Forum: Investing - Theory, News & General
Topic: Invest all at once or DCA-one of most asked questions I get
Replies: 125
Views: 5468

Re: Foreign Stocks For The Long Run

Thanks Rick. I worry about being right or wrong about this. I decided back when I set my allocations up proper to go 50/50 on US/International equities, but my REITs are all US which gets things closer to 55/45 total US. I think deep down I would prefer 60/40, but I'm certainly not going to head tha...
by Hub
Tue Dec 03, 2013 5:40 pm
 
Forum: Investing - Theory, News & General
Topic: Foreign Stocks For The Long Run
Replies: 63
Views: 4945

Re: New to HSA, is it a good fit?

Rough selection of expensive funds.

BALFX at 0.64% was the lowest expense ratio I saw at quick glance. I guess this is acceptable so long as you don't have other account fees associated.
by Hub
Tue Dec 03, 2013 2:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: New to HSA, is it a good fit?
Replies: 24
Views: 2057

Re: This Article Made Me Laugh, Re: Rollovers

Well early this year I left that employer for a better job (one of the big reasons I left was the employer turned his nose up at a Vanguard proposal for a small company 401k plan I gave him) and within a week had my sizable 401k in a Vanguard Rollover IRA in the same 2030 Target Date fund, but at 0...
by Hub
Tue Nov 26, 2013 2:01 pm
 
Forum: Investing - Theory, News & General
Topic: This Article Made Me Laugh, Re: Rollovers
Replies: 18
Views: 1847

Re: MIL in financial trouble

Thanks for sharing OP. Makes me very thankful for my in-laws, in spite of their quirks.
by Hub
Tue Nov 26, 2013 1:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: MIL in financial trouble
Replies: 21
Views: 2884

Re: This Article Made Me Laugh, Re: Rollovers

I was thinking that the main reason not roll over into an IRA is that having one would keep you from being able to back door Roth after you have income too high for regular Roth contributions.
by Hub
Tue Nov 26, 2013 1:12 pm
 
Forum: Investing - Theory, News & General
Topic: This Article Made Me Laugh, Re: Rollovers
Replies: 18
Views: 1847

Re: Feeling less than Successful lately

You already have enough to never have to save again. Just quit work and take some time figuring out what you want to do. Seems you guys would have no problem living on just your wife's income for a few years while you search for something more satisfying to do with your days.
by Hub
Tue Nov 12, 2013 5:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Feeling less than Successful lately
Replies: 58
Views: 6029

Re: Would you cancel a term life policy in my position?

I love your plan and agree that you are in a spot to switch to part time work sufficient to cover expenses any time you feel like it. Regarding the life insurance, I think it's something you reevaluate here in a few more years once the part time early retirement is in full swing. I bet you'll feel b...
by Hub
Thu Nov 07, 2013 8:12 am
 
Forum: Personal Finance (Not Investing)
Topic: Would you cancel a term life policy in my position?
Replies: 19
Views: 1606

Re: Would you relocate to a city with a wage tax? (Pittsburg

I would be inclined to eliminate any city with an income tax specific to the city. Though the wiser advice here is probably to ignore it if everything else is a good fit for you. Except the commute part, don't do that no matter what.
by Hub
Wed Nov 06, 2013 6:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Would you relocate to a city with a wage tax? (Pittsburgh)
Replies: 42
Views: 2461

Re: Back Up your files - Back up your files ....

Good reminder. I'm negligent in this regard and need to do better. I do have important photos in 3 different hard drives and important financial files both at home and work, but I could get caught with my pants down having not updated any backups for 6+ months pretty easily. Need to look into online...
by Hub
Wed Nov 06, 2013 10:53 am
 
Forum: Personal Consumer Issues
Topic: [CryptoLocker] UPDATE Important Info to protect your Data
Replies: 68
Views: 5594

Re: Scale back on 401k contributions for Roth IRA?

To add to that, if the medical or HSA or itemized deductions get the taxable income below $72,500 and into the 15% bracket, at that point it may make more sense to switch over to the Roth willingly prepaying taxes at 15%.
by Hub
Wed Nov 06, 2013 10:38 am
 
Forum: Investing - Help with Personal Investments
Topic: Scale back on 401k contributions for Roth IRA?
Replies: 16
Views: 1537

Re: Scale back on 401k contributions for Roth IRA?

Agree with sticking with the 401ks until they are both maxed before Roth at your income level. Another way to look at this is if you plan to retire early. At that point your income will be low and you can then pay the taxes on your 401k balances at a lower rate, much lower.
by Hub
Wed Nov 06, 2013 9:07 am
 
Forum: Investing - Help with Personal Investments
Topic: Scale back on 401k contributions for Roth IRA?
Replies: 16
Views: 1537

Re: Best place to start Coverdell ESA account?

letsgobobby wrote:Schwab

This is correct. Excellent free index fund and ETF options. No account fees. I have mine there.
by Hub
Wed Nov 06, 2013 8:53 am
 
Forum: Investing - Help with Personal Investments
Topic: Best place to start Coverdell ESA account?
Replies: 12
Views: 1065

Re: Birthday check for a 34 yr old investor

Your savings rate as a % of income appears to be excellent. That's the most important thing. I am also about your age and see age in bonds as too conservative, though that's a personal thing depending on willingness and need to take risk. If the market dropped in half over the next week would you be...
by Hub
Wed Nov 06, 2013 8:48 am
 
Forum: Investing - Help with Personal Investments
Topic: Birthday check for a 34 yr old investor
Replies: 6
Views: 1810
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