Search found 1086 matches

by Meg77
Fri Jul 31, 2015 11:26 am
Forum: Investing - Help with Personal Investments
Topic: Rebalancing Help Requested! Cash to Invest + New 401k
Replies: 9
Views: 568

Re: Rebalancing Help Requested! Cash to Invest + New 401k

After thinking about the first few responses and talking it over with my husband, we are considering the following: 1. Liquidate Fidelity brokerage and use the funds, in addition to his signing bonus, to pay off his student loan (instead of rolling to Vanguard). Since we are putting $85K of cash int...
by Meg77
Fri Jul 31, 2015 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Frustrated with low raise
Replies: 67
Views: 4631

Re: Frustrated with low raise

It sounds like your expectations may be out of line. What industry are you in? In banking/finance, a 3% annual bump is considered great. Most raises are 1-2% among my peer group. I don't know any industry where people get more than 3% every year just for doing the same job (even if they are doing a ...
by Meg77
Thu Jul 30, 2015 1:20 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalancing Help Requested! Cash to Invest + New 401k
Replies: 9
Views: 568

Re: Rebalancing Help Requested! Cash to Invest + New 401k

Why are you holding two equity income funds in your 401k? Personally, at your age, I'd choose the Growth Fund of America over the income funds. Those income funds are really more like quasi-balanced funds, they hold equity, fixed income and cash - makes it complicated in terms of keeping allocation...
by Meg77
Thu Jul 30, 2015 10:52 am
Forum: Investing - Help with Personal Investments
Topic: Rebalancing Help Requested! Cash to Invest + New 401k
Replies: 9
Views: 568

Re: Rebalancing Help Requested! Cash to Invest + New 401k

Hi Meg77- There's a lot her to consider! I'll throw out a few observations: -Your desired AA is light on bonds (15%), but you acknowledge you're aggressive so you're aware of the downside possibility. -All the small stock positions in your taxable and His ROTH seem complicated--ditto your ROTH fund...
by Meg77
Thu Jul 30, 2015 9:24 am
Forum: Investing - Help with Personal Investments
Topic: Newlywed and new career--advice for starting out?
Replies: 7
Views: 774

Re: Newlywed and new career--advice for starting out?

Thanks for all of your replies and advice! I really appreciate it. LAlearning and srj, why do you recommend avoiding international investments right now? And at what point (asset level? time?) would it make sense to add them in? celia, thanks for your thoughts! We are very blessed to come from fami...
by Meg77
Thu Jul 30, 2015 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Rental House - Passive Loss
Replies: 6
Views: 494

Re: Rental House - Passive Loss

1. The IRS definition of "Active Participation" is: "You actively participated in a rental real estate activity if you (and your spouse) owned at least 10% of the rental property and you made management decisions or arranged for others to provide services (such as repairs) in a signif...
by Meg77
Wed Jul 29, 2015 7:36 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalancing Help Requested! Cash to Invest + New 401k
Replies: 9
Views: 568

Rebalancing Help Requested! Cash to Invest + New 401k

Hi Bogleheads! It's finally that time. My husband and I are ready to streamline our investments, consolidate our accounts, and fine tune our asset allocation. We've been rebalancing in a haphazard way by directing new contributions into different funds, but the number of accounts we have combined wi...
by Meg77
Wed Jul 29, 2015 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Refinancing mortgage to a 5/1 or 7/1 ARM
Replies: 9
Views: 447

Re: Refinancing mortgage to a 5/1 or 7/1 ARM

You have a great rate on a good mortgage, particularly given that you plan to be in the house long term. There is no reason to take interest rate risk if you are planning to stay in the house long term. A back of the envelope calculation shows that the payments will be $140 to $160 less per month, ...
by Meg77
Wed Jul 29, 2015 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Refinancing mortgage to a 5/1 or 7/1 ARM
Replies: 9
Views: 447

Re: Refinancing mortgage to a 5/1 or 7/1 ARM

Normally you want to try to match the fixed rate term of the loan to the amount of time you plan to be in the house. If you refinance to a 5/1 ARM, then you will enjoy the 2.875% (or whatever rate you actually get) for 5 years, but then in that 6th year the rate will rise based on whatever the curre...
by Meg77
Wed Jul 29, 2015 1:27 pm
Forum: Personal Consumer Issues
Topic: Would you look down on a co-worker for driving a beater?
Replies: 172
Views: 10598

Re: Would you look down on a co-worker for driving a beater?

Yes, it can and probably will impact your colleagues' perceptions of you if they see you pull up in a "beater" that is the "worst car in the lot." Some may assume that you don't have your finances in order, even if you drive your car for the exact opposite reason (you must not b...
by Meg77
Wed Jul 29, 2015 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Who are you able to share good financial news with?
Replies: 80
Views: 4816

Re: Who are you able to share good financial news with?

Congrats on your raise! This is one of the things internet forums are good for. People get to discuss all kinds of things that may be embarrassing or uncomfortable on taboo, from money issues to health concerns. I can still boast to my parents about a nice bonus or raise, but other than that it's ma...
by Meg77
Mon Jul 27, 2015 11:44 am
Forum: Personal Consumer Issues
Topic: Would you look down on a co-worker for driving a beater?
Replies: 172
Views: 10598

Re: Would you look down on a co-worker for driving a beater?

Yes, it can and probably will impact your colleagues' perceptions of you if they see you pull up in a "beater" that is the "worst car in the lot." Some may assume that you don't have your finances in order, even if you drive your car for the exact opposite reason (you must not be...
by Meg77
Tue Jul 21, 2015 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: One child: get a mortgage or rent the house?
Replies: 17
Views: 1065

Re: One child: get a mortgage or rent the house?

I borrowed money from my mother to finance several properties. I haven't read all these responses, but I don't think YOU should buy a house at all. You should let your son and his wife buy the house and simply use you as their lender. This is much simpler for everyone and will avoid you having to de...
by Meg77
Tue Jul 21, 2015 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: Finally getting finances & investments in order... need help!
Replies: 24
Views: 1257

Re: Finally getting finances & investments in order... need help!

Does it matter if my Roth 401k is > $5500? No. A rollover has nothing to do with the $5,500 limit. You can roll as much as you like. Remember that you could find many good investments cheaper than inside your 401k. So be sure you really want to do the Roth IRA thing before you send that money to 40...
by Meg77
Tue Jul 21, 2015 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: Finally getting finances & investments in order... need help!
Replies: 24
Views: 1257

Re: Finally getting finances & investments in order... need help!

I haven't read all the posts but here are my initial thoughts: 1. Max out both 401ks. You need the tax break anyway. 2. Do backdoor Roth IRA contributions for each of you. Early retirement is a big goal that's only 18 years away so you need to save all you can for that. 3. Max out an HSA (Health Sav...
by Meg77
Tue Jul 21, 2015 3:47 pm
Forum: Investing - Help with Personal Investments
Topic: Redoing All Finances - Advice Would Be Awesome!
Replies: 24
Views: 2141

Re: Redoing All Finances - Advice Would Be Awesome!

Step one is to take a step back. You need to assess your values and create long term and short term goals WITH YOUR SPOUSE. Your wife doesn't trust you to manage her affairs, and honestly I don't blame her at this point. You both need to be empowered to control your financial futures. Apologize for...
by Meg77
Tue Jul 21, 2015 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: How do people afford children with a SAHS?
Replies: 183
Views: 10604

Re: How do people afford children with a SAHS?

I don't know why everyone is picking on you for the house. In my view it's a reasonable size relative to your income, particularly given that a) your family income should increase over time given your educations and specialties and the booming job market in your area, and b) the house is providing ...
by Meg77
Tue Jul 21, 2015 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Hard Money Loans
Replies: 24
Views: 2724

Re: Hard Money Loans

It pays 14% interest per month plus 2 points up front. 14%/month, this screams scam. Legitimate hard money notes do not charge interest per month. In this interest rate environment, even hard money loans are not usurious. 14% per month is obviously a typo. 14% per annum paid monthly is probably wha...
by Meg77
Tue Jul 21, 2015 11:24 am
Forum: Investing - Help with Personal Investments
Topic: Redoing All Finances - Advice Would Be Awesome!
Replies: 24
Views: 2141

Re: Redoing All Finances - Advice Would Be Awesome!

I am about to start the process of switching my investments over to Vanguard. I wish I had been educated earlier on the harm that adviser fees can do to a portfolio, but I am now determined to put that in the past. My wife however, is not so excited about the prospect. She thinks that we should kee...
by Meg77
Tue Jul 21, 2015 10:54 am
Forum: Personal Finance (Not Investing)
Topic: How do people afford children with a SAHS?
Replies: 183
Views: 10604

Re: How do people afford children with a SAHS?

I don't know why everyone is picking on you for the house. In my view it's a reasonable size relative to your income, particularly given that a) your family income should increase over time given your educations and specialties and the booming job market in your area, and b) the house is providing y...
by Meg77
Thu Jul 16, 2015 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Should we go without Health Insurance for 5 Days?
Replies: 32
Views: 1456

Re: Should we go without Health Insurance for 5 Days?

Ugh so annoying. COBRA is unnecessary though - I would look into alternate much cheaper coverage, assuming it exists. If anybody has any ideas on providers let me know! Why not do the 45 day loophole that I linked to above? Somehow I missed your post but thank you so much for pointing it out!!! Loo...
by Meg77
Thu Jul 16, 2015 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Should we go without Health Insurance for 5 Days?
Replies: 32
Views: 1456

Re: Should we go without Health Insurance for 5 Days?

Hi Meg, How certain are you the health insurance from his new job will start on his first day? Probably it does, but at some employers not. It's worth checking, and it may change the COBRA calculus. How certain are you the new employer won't reschedule his first day? An old employer of mine did tha...
by Meg77
Thu Jul 16, 2015 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Should we go without Health Insurance for 5 Days?
Replies: 32
Views: 1456

Re: Should we go without Health Insurance for 5 Days?

Stay at home and watch movies for 5 days. Don't break any bones :beer This was literally my thought - that it would be cheaper to take off work and not even leave the house and enjoy lots of safe activities like catching up on all our shows! Both our commutes are super short anyway and don't involv...
by Meg77
Thu Jul 16, 2015 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Should we go without Health Insurance for 5 Days?
Replies: 32
Views: 1456

Re: Should we go without Health Insurance for 5 Days?

Are you employed? Can you jump on your health insurance for the next few months? Your husband leaving his job should be a qualifying life change event for you to be able to enroll in your health insurance. ^ This. Ever get admitted to a hospital through the ER? It will cost you $1,000 plus for that...
by Meg77
Thu Jul 16, 2015 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Should we go without Health Insurance for 5 Days?
Replies: 32
Views: 1456

Should we go without Health Insurance for 5 Days?

My husband just switched jobs, and we won't qualify for his new health insurance until September 1st. His termination date was officially June 26th, and we have 60 days to activate COBRA to keep his former health insurance active. Technically we are without health insurance currently, but if any sud...
by Meg77
Thu Jul 16, 2015 2:08 pm
Forum: Investing - Help with Personal Investments
Topic: Financial Review - 29 & 28 Year Old Married Couple
Replies: 14
Views: 1831

Re: Financial Review - 29 & 28 Year Old Married Couple

Great job and congrats on getting out of debt! :beer So you've got roughly $50K per year to invest. I'd divide it up as follows (in order of priority): 3% of your salary to your SIMPLE IRA, at minimum (quit passing up free money) $6650 to your HSA (the best tax account there is, plus this $$ will co...
by Meg77
Thu Jul 16, 2015 12:52 pm
Forum: Investing - Theory, News & General
Topic: Suze Orman Show Summary
Replies: 55
Views: 7584

Re: Suze Orman Show Summary

I even called in once years ago for the Can I Afford it segment! Haha good times. So, were you approved? I'd guess yes. I'd guess also it was about a car. Do tell! Actually I was denied! I called in shortly after graduating from college and wanted to buy a new TV. I'd been using one that cost $100 ...
by Meg77
Fri Jul 10, 2015 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: No Income (yet) means No Loan
Replies: 21
Views: 2018

Re: No Income (yet) means No Loan

As a banker I can tell you that there is no chance you can get qualified for a conventional mortgage without taxable income. If you have liquid assets over $1MM then you could seek out a Private Banker to see if they can qualify you for a private mortgage. These are loans which are not sold to inve...
by Meg77
Fri Jul 10, 2015 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Property Software
Replies: 10
Views: 893

Re: Rental Property Software

I've always just used Excel, though I'd be interested to hear if others have any better ideas. It's really just a 3 column chart with "Date" "transaction description" and "account" (where I put whether the funds came from or went into my rental checking, my business Am...
by Meg77
Fri Jul 10, 2015 4:12 pm
Forum: Investing - Theory, News & General
Topic: Suze Orman Show Summary
Replies: 55
Views: 7584

Re: Suze Orman Show Summary

Alright, I can finally say I watched her show. Nope, sorry, you can't . What you saw was one of her public television specials which are designed specifically to sell her books and CDs, an aim which is not disguised. She gives some info and answers a few questions, but the format is drastically dif...
by Meg77
Fri Jul 10, 2015 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: No Income (yet) means No Loan
Replies: 21
Views: 2018

Re: No Income (yet) means No Loan

As a banker I can tell you that there is no chance you can get qualified for a conventional mortgage without taxable income. If you have liquid assets over $1MM then you could seek out a Private Banker to see if they can qualify you for a private mortgage. These are loans which are not sold to inves...
by Meg77
Fri Jul 10, 2015 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: In-laws not saving for retirement -- help!
Replies: 47
Views: 6515

Re: In-laws not saving for retirement -- help!

The extent of your problem depends on your wife's temperament and your in laws' pride. Are they likely to come begging you for help if the house of cards falls? Is she a "tough love" kind of person, or is she the kind of person who wouldn't bear to see her parents have to downsize or go wi...
by Meg77
Wed Jul 08, 2015 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Property Software
Replies: 10
Views: 893

Re: Rental Property Software

I've always just used Excel, though I'd be interested to hear if others have any better ideas. It's really just a 3 column chart with "Date" "transaction description" and "account" (where I put whether the funds came from or went into my rental checking, my business Ame...
by Meg77
Wed Jul 08, 2015 4:11 pm
Forum: Investing - Theory, News & General
Topic: Suze Orman Show Summary
Replies: 55
Views: 7584

Re: Suze Orman Show Summary

Alright, I can finally say I watched her show. Nope, sorry, you can't. What you saw was one of her public television specials which are designed specifically to sell her books and CDs, an aim which is not disguised. She gives some info and answers a few questions, but the format is drastically diff...
by Meg77
Tue Jul 07, 2015 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage: Broker or Bank?
Replies: 9
Views: 642

Re: Mortgage: Broker or Bank?

I wrote a blog post on this recently because I found I was answering lots of similar questions repeatedly! I'm a mortgage banker, and I've also financed many mortgages myself (I own a bunch of rentals), so I have experience on both sides. Here's what I think: http://www.worldofwealthblog.com/?p=261 ...
by Meg77
Tue Jul 07, 2015 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage question for those in the know
Replies: 7
Views: 930

Re: Mortgage question for those in the know

Hi! I'm a banker who deals with mortgages (although not PMI usually so I'm not an expert on that), and if I had to guess I would assume that your original lender and Chase both have the same PMI terms. These usually don't vary in my experience; PMI terms are set by regulators I believe. Read the ori...
by Meg77
Sat Jun 27, 2015 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: As a couple in late 30s, how bad are we doing?
Replies: 63
Views: 11540

Re: As a couple in late 30s, how bad are we doing?

Welcome! Considering you have a lot of equity in your home and 6 figures saved/invested, I'd say you aren't doing badly at all. Of course you probably could have saved more, but oh well. You have plenty of time to catch up, especially if you don't have kids. Speaking of which, do you plan to have ki...
by Meg77
Fri Jun 26, 2015 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Pay student loan off at 2.875%? - otherwise, 14 years to go
Replies: 52
Views: 5541

Re: Pay student loan off at 2.875%? - otherwise, 14 years to go

My husband and I are wrestling with this "problem" currently. He has a 2.75% rate on his student loan (floating) with 14 years left, and he's about to get a signing bonus. We have a fully funded emergency fund so the question is whether to invest the lump sum, pay down the debt, or let the...
by Meg77
Fri Jun 26, 2015 9:38 pm
Forum: Investing - Help with Personal Investments
Topic: Just started first real job, need financial advice!!!!
Replies: 10
Views: 1465

Re: Just started first real job, need financial advice!!!!

If you make $2600 after taxes, then it may be a little aggressive to try to max out a Roth IRA (which takes $458 a month) and also put money into a 401k. Retirement is important, but so is paying down your student loan and saving cash for pre-retirement expenses such as a wedding, home purchase, big...
by Meg77
Fri Jun 19, 2015 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Is it worth aspiring to get more?
Replies: 131
Views: 17812

Re: Is it worth aspiring to get more?

Many if not most people on this forum (and I don't just mean the millionaires) could work part time or quit entirely and live more comfortably than most other Americans indefinitely. The vast majority of us already have enough to live more comfortably than 99% of people on the planet if we never wor...
by Meg77
Fri Jun 19, 2015 9:35 am
Forum: Personal Consumer Issues
Topic: Life is short, enjoy it!
Replies: 32
Views: 6189

Re: Life is short, enjoy it!

There are three ways of thinking about spending and happiness. One is that spending and happiness are positively correlated . Life is short and we should enjoy it. Enjoying life more requires spending more. So life is short, spend more money! Another view is that spending and happiness are negative...
by Meg77
Fri Jun 19, 2015 9:25 am
Forum: Personal Consumer Issues
Topic: Life is short, enjoy it!
Replies: 32
Views: 6189

Re: Life is short, enjoy it!

How timely! My husband and I have been debating where to go for a week for a last minute vacation and Vancouver came up. I've never been, but he loves the city. This post makes me feel like it's meant to be! We too would love to avoid renting a car and stay "in the thick of things," perhap...
by Meg77
Wed Jun 17, 2015 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: 30+ year "set it and rebalance it" portfolio thoughts
Replies: 18
Views: 2091

Re: 30+ year "set it and rebalance it" portfolio thoughts

Well I kind of am doing that. Investing every month with no intention of touching funds for 30+ years. So I'll share my allocation: 13% Bonds (about 25% of which are international) 87% stocks (about 25% of which are international) We have substantial cash assets too which aren't included above, but...
by Meg77
Tue Jun 16, 2015 10:17 pm
Forum: Investing - Help with Personal Investments
Topic: 30+ year "set it and rebalance it" portfolio thoughts
Replies: 18
Views: 2091

Re: 30+ year "set it and rebalance it" portfolio thoughts

Well I kind of am doing that. Investing every month with no intention of touching funds for 30+ years. So I'll share my allocation: 13% Bonds (about 25% of which are international) 87% stocks (about 25% of which are international) We have substantial cash assets too which aren't included above, but ...
by Meg77
Fri Jun 12, 2015 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Unsure of the process of paying off mortgage early (all at once)
Replies: 30
Views: 3544

Re: Unsure of the process of paying off mortgage early (all at once)

I paid off my mortgage (with Wells Fargo) about 18 months ago. It was probably not as big a clump of $$$ as yours, but it should not be a big deal. The most unnerving part was thinking about carrying cash from my credit union to the Wells Fargo branch 2 miles away -- but when the credit union heard...
by Meg77
Thu Jun 11, 2015 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Advice Needed - Has Anyone Chosen Work Life Balance over Extra Money?
Replies: 101
Views: 11315

Re: Advice Needed - Has Anyone Chosen Work Life Balance over Extra Money?

I'd take the new job if I were you I think. But try to connect with some current employees or other team members over there to get some insider details on culture and expectations if you can. It may not be as different as you think - or you may uncover some horror stories that settle the decision. R...
by Meg77
Wed Jun 03, 2015 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: [Unequal Income] Spouse Tax Withholding strategy
Replies: 10
Views: 980

Re: Unbalanced Spouse Tax Withholding strategy

It's OK to do but you'd have to really make sure you are withholding the right amounts. It seems like it would just be easier to set aside a portion of her income each month for those 7 months though, to be used in the summers to even out cash flow. You could have her paycheck automatically deposite...
by Meg77
Thu May 28, 2015 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone changed careers after building required nest egg?
Replies: 13
Views: 2471

Re: Anyone changed careers after building required nest egg?

Meg77, did you semi-retire and shift to a new career? No I have not, but I've thought about it a lot recently. Next year I'll have been in the workforce full time for 10 years in the same career. I'll also be close to the point where female fertility typically begins to decline more rapidly. If I h...
by Meg77
Thu May 28, 2015 10:32 am
Forum: Investing - Help with Personal Investments
Topic: What now?
Replies: 1
Views: 309

Re: What now?

Congrats on paying off that debt! I agree with your plan to invest excess cash in a taxable account in alignment with your stock/bond mix. Are you planning to buy your new dream home outright in cash with proceeds from your current home and rental? If not, make sure that you have enough cash on hand...
by Meg77
Thu May 28, 2015 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Anyone changed careers after building required nest egg?
Replies: 13
Views: 2471

Re: Anyone changed careers after building required nest egg?

What you are describing sounds like "semi-retirement." You can Google the term for countless articles on the trend. Many people approaching or past retirement age do exactly what you are talking about either because they still need a bit of income or because they still want to work in some...

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