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Re: A Low-Return Future? Are We Prepared?

Remain calm! All is well! There are a number of ways around lower returns, all of which requires some level of sacrifice: save more, lower your expectations of what retirement may look like, work longer, reduce consumption now . I expect this will work for the majority of Bogleheads, it will not wo...
by Nukeboilermaker
Mon Sep 01, 2014 11:03 am
 
Forum: Investing - Theory, News & General
Topic: A Low-Return Future? Are We Prepared?
Replies: 189
Views: 12548

Re: How to become a millionaire retiree -- then and now

We are talking about the same equivalent purchasing power correct? If so, then I'm certainly on pace to retire comfy with my savings rate (28 years old).

Funny to watch you "wise" ones banter about starting pay...
by Nukeboilermaker
Sun Aug 31, 2014 10:27 pm
 
Forum: Investing - Theory, News & General
Topic: How to become a millionaire retiree -- then and now
Replies: 67
Views: 10129

Re: Poll: How many own zero/few stocks?

The third is an ESPP (employee stock purchase) that I have confidence in, as I'm an indexer but still believe in this stock. I plan to sell the ESPP stock when the portfolio value reaches a target point/value (approximately every 4 to 6 years). With that money I will divide it into fourths and appl...
by Nukeboilermaker
Sat Aug 30, 2014 10:08 am
 
Forum: Investing - Help with Personal Investments
Topic: [Sell off individual stocks?] How many own zero/few stocks?
Replies: 68
Views: 2798

Re: Poll: How many own zero/few stocks?

I'm in a similar situation as you (28 years old), I own 3 stocks two of which were gifts from family members and the third is my ESPP. I am selling the 2 stocks that my family gave me here very soon as we're building a home. I don't think they would want it any other way knowing they contributed to ...
by Nukeboilermaker
Fri Aug 29, 2014 9:31 am
 
Forum: Investing - Help with Personal Investments
Topic: [Sell off individual stocks?] How many own zero/few stocks?
Replies: 68
Views: 2798

Re: Who else's IRA would you (do you) fill?

I max out my wife's in either Roth or Traditional (preferred). I have been trying to think of ways to create a Roth for my daughter (16 months old) though i couldn't afford to max that out until a couple years down the road due to an up coming home purchase. The best way I can think of doing it thou...
by Nukeboilermaker
Thu Aug 28, 2014 11:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Who else's IRA would you (do you) fill?
Replies: 18
Views: 1223

Re: When to leave a neighborhood for greener pastures?

I was kind of in a similar situation, but still had 12 years left on the 15 year mortgage and knew the house was 1-3 years away from needing a 10-12k roof (145k house). I'm also married with a daughter and pets and had the opportunity to cut my commute from 45min to 25min each way. We were also unde...
by Nukeboilermaker
Mon Aug 25, 2014 9:15 pm
 
Forum: Personal Consumer Issues
Topic: When to leave a neighborhood for greener pastures?
Replies: 46
Views: 5013

Re: Do you tip on the tax? [Restaurants]

I keep it simple, I tip $2 for every $10 on my total bill, if the service was subpar I may deviate slightly lower, if the service was good I will round up on top of that. If excellent I usually tip 25 to 30% for top notch food and service. But 80% of the time it's $2/every $10 rounded up to a whole ...
by Nukeboilermaker
Sat Aug 23, 2014 4:34 am
 
Forum: Personal Consumer Issues
Topic: Do you tip on the tax? [Restaurants]
Replies: 124
Views: 5274

Re: NYT: Re-education of a Brash Young Stock Picker

This was a good article. It is pretty sobering when folks like Warren Buffett and Peter Lynch say that most people should buy and hold the broad index funds. Outperforming the market CAN be done but few do it consistently and the longer the time frame, the longer the odds. I still own individual st...
by Nukeboilermaker
Sat Apr 19, 2014 12:55 pm
 
Forum: Investing - Theory, News & General
Topic: NYT: Re-education of a Brash Young Stock Picker
Replies: 23
Views: 3906

Re: ESPP Shares - What to do?uarter

I am an imperfect Boglehead. Part of my investment philosophy is to minimize taxes by buying and holding until retirement (the only exception being when I bought and eventually paid off my house by selling ESPP). Once I retire my tax rate will be lower thanks to lower income and (possibly) relocati...
by Nukeboilermaker
Fri Apr 18, 2014 11:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: ESPP Shares - What to do?
Replies: 19
Views: 1513

Re: Illinois tax question

Illinois is a state where any eligible tIRA withdrawals are tax exempt, a rollover falls in that category as an eligible withdrawal. Not every state has this perk (judging by your verbiage you appear to understand that fed taxes are still due). Cheers, Nuke P.S. Bobs not my name is a great campaigne...
by Nukeboilermaker
Sun Apr 06, 2014 10:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Illinois tax question
Replies: 19
Views: 872

Re: retired at 37?

Mr. Money mustache is a blogging example of extreme retirement.
by Nukeboilermaker
Sun Mar 30, 2014 9:43 pm
 
Forum: Investing - Theory, News & General
Topic: retired at 37?
Replies: 52
Views: 5540

Re: Death of co-worker

Per my title, a co-worker passed away very suddenly last week. Guy was in his late fifties and though I didn't work with him that much I'm trying to get my head around not seeing him in the office any more. He went home, had heart trouble, and that was it. I don't know what his planned retirement a...
by Nukeboilermaker
Sun Mar 30, 2014 9:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Death of co-worker
Replies: 94
Views: 10283

Re: Where to put $10-15K for 2-5 years?

Postmon wrote:We answered the question. If you may need the money in the next few years, don't invest it. Leave it in the bank.

I second the motion! +1
by Nukeboilermaker
Sun Mar 30, 2014 12:04 am
 
Forum: Investing - Help with Personal Investments
Topic: Where to put $10-15K for 2-5 years?
Replies: 25
Views: 2537

Re: 24, starting new job - advice please!

A few thoughts for what to do when you run out of Roth IRA space: 1) There is no single correct answer. Ultimately you need to find something you're comfortable with. 2) If you don't have a specific goal in mind for the taxable monies, as counter-intuitive as it may seem, my thought is that you sho...
by Nukeboilermaker
Sat Mar 29, 2014 11:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: 24, starting new job - advice please!
Replies: 19
Views: 1281

Re: 24, starting new job - advice please!

Sounds good^, that pretty much incorporates exactly what I suggested. Anything else should go to pad up your savings/efund for the next big purchases such as a home or vehicle/ whatever your life happens to need. Maybe in the future your parents might run on a hard time and that nest egg might take ...
by Nukeboilermaker
Sat Mar 29, 2014 11:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: 24, starting new job - advice please!
Replies: 19
Views: 1281

Re: 24, starting new job - advice please!

Consider maxing out the 401k, then maxing out a Traditional IRA instead of a Roth IRA. I recommended he stick with the Roth as diversification between Roth and traditional retirement accounts, but also because he might be more comfortable saving more (in his 401k) knowing he could fall back on his ...
by Nukeboilermaker
Sat Mar 29, 2014 9:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: 24, starting new job - advice please!
Replies: 19
Views: 1281

Re: 24, starting new job - advice please!

Personally I would not invest in taxable account until I am maxing out tax advantage investments (an employee stock purchase plan could be an exception). Paying your parents back is good and it sounds like you naturally found a comfortable payback rate for both parties. I didn't see anything in your...
by Nukeboilermaker
Sat Mar 29, 2014 8:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: 24, starting new job - advice please!
Replies: 19
Views: 1281

Re: 24, starting new job - advice please!

Thank you for all of the responses so far. At your tax rate and with the excellent choices available I would not contribute to Roth IRA until you max the 401k. This one in particular surprised me because it was something I had never even considered. Basically everything I've read online has advocat...
by Nukeboilermaker
Sat Mar 29, 2014 7:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: 24, starting new job - advice please!
Replies: 19
Views: 1281

Re: Do you have hardwood or tile in your kitchen?

We have tile but it looks just like wood, and many people say they like our wood floors. They are amazed when we tell them its tile. I think it is made by a Finish company but cannot remember the specific name. Our kitchen floors take a lot of abuse with 2 kids under age 4. We are looking to move a...
by Nukeboilermaker
Sat Mar 29, 2014 10:47 am
 
Forum: Personal Consumer Issues
Topic: Do you have hardwood or tile in your kitchen?
Replies: 57
Views: 3537

Re: Dave Ramsey on Bonds

How correct is Dave when it comes to bonds. https://www.youtube.com/watch?v=iRtFDvGORQk I've not made made it a big secret that in many ways I'm a fan of Ramsey's "mission" when it comes to day-to-day personal finance and his constant exhortations to save and invest early, often, delibera...
by Nukeboilermaker
Sat Mar 29, 2014 7:45 am
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey on Bonds
Replies: 17
Views: 3643

Re: 10 Reasons to take your pension annuity over a lump sum

I recently took a promotion from union to a company position and in doing so went from a pension plan to a cash balance plan. Like many union pensions it was a pretty good deal, however after I was hired, the union and company changed the retirement plan where the people hired after my class fell in...
by Nukeboilermaker
Sat Mar 22, 2014 12:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: 10 Reasons to take your pension annuity over a lump sum
Replies: 34
Views: 5790

Re: How did you decide how much to save?

I realized that I was fortunate enough to earn an income capable of maxing out tax advantaged accounts so I decided to do that. We live comfortably and I would rather save now and adjust later, pay myself (and family) first then live on the rest. Currently I max out a 401k, 2 IRAs, and ESPP and have...
by Nukeboilermaker
Thu Mar 13, 2014 11:36 pm
 
Forum: Investing - Theory, News & General
Topic: How did you decide how much to save?
Replies: 119
Views: 9884

Re: Should we break lease and move closer to work?

I'm going to take a loss on my current home to move to a nicer and closer to work home... It's just one of the sacrifices you may have for better apartment and closer to work. You always need a roof over your head, it's a lifestyle choice and not necessarily an investment to choose your housing.
by Nukeboilermaker
Mon Mar 10, 2014 9:34 pm
 
Forum: Personal Consumer Issues
Topic: Should we break lease and move closer to work?
Replies: 9
Views: 472

Re: 26 Years Old - Roth 401k & Roth IRA?

I'm in the same industry (central Illinois) I also plan to relocate to a much tax friendlier state so why pay state income tax now? Illinois doesn't tax TIRA withdrawals or conversions (regardless of age), which is pretty tax friendly for retirees. I know, you have taught me this all ready :happy !...
by Nukeboilermaker
Sun Mar 09, 2014 7:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: 26 Years Old - Roth 401k & Roth IRA?
Replies: 24
Views: 2054

Re: 26 Years Old - Roth 401k & Roth IRA?

I am fantastically happy at the amount of help you guys have been. Thank you all so much. Small-cap stocks make up approximately 9% of the total stock market. So when I'm done, my portfolio would consist of 60% US large/mid cap, 20% international, 10% US small cap, and 10% muni bonds. I'm pretty sa...
by Nukeboilermaker
Sun Mar 09, 2014 7:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: 26 Years Old - Roth 401k & Roth IRA?
Replies: 24
Views: 2054

Re: Do you have a side job?

I have been thinking about finding a way to earn some side income and wondered how common it is here. My job usually only requires 40 hours a week and I don't have much else going on in life besides work, so I often have several hours available on weekdays and full weekend days available. I just fe...
by Nukeboilermaker
Sat Mar 08, 2014 4:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you have a side job?
Replies: 59
Views: 6186

Re: After Tax 401k vs. Roth 401k - There's a Difference???

ChiefIllini wrote: This is probably something that should be covered in the required personal finances courses at all schools...oh wait.


It absolutely should be! I would say in high school too. Welcome to the forum.
by Nukeboilermaker
Thu Mar 06, 2014 1:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: After Tax 401k vs. Roth 401k - There's a Difference???
Replies: 7
Views: 586

Re: After Tax 401k vs. Roth 401k - There's a Difference???

A couple years ago some new hires started at my site (same department), one of them was into investing and had all the new hires putting into after tax vs Roth or traditional 401k. I corrected them and explained the difference and a couple of them listened to my methodology of t401k + rIRA vs r401k ...
by Nukeboilermaker
Thu Mar 06, 2014 11:52 am
 
Forum: Investing - Help with Personal Investments
Topic: After Tax 401k vs. Roth 401k - There's a Difference???
Replies: 7
Views: 586

Re: What's the Appropriate Net Worth by % for a 27 year old?

I'm also 27 and you are doing very well, as are a few other young posters. The people in this forum are all way way above our country, culture, and social averages. My net worth is 225k and I'm clearly saving a much larger percentage of my income than a vast majority of my coworkers. In states such ...
by Nukeboilermaker
Sat Feb 22, 2014 10:43 am
 
Forum: Personal Finance (Not Investing)
Topic: What's the Appropriate Net Worth by % for a 27 year old?
Replies: 78
Views: 9514

Re: College Town Multifamily Unit

If you are renting to college students, expect managing a rental that at peak capacity would have 31 people in it to be a near full-time job... and not one that can wait until morning. With one bathroom for four bedrooms, a clogged toilet is a get-out-of-bed-at-2-am kind of deal. I was both an RA i...
by Nukeboilermaker
Thu Feb 20, 2014 10:23 am
 
Forum: Investing - Help with Personal Investments
Topic: College Town Multifamily Unit
Replies: 15
Views: 1198

College Town Multifamily Unit

Bogleheads, A coworker and I are beginning to research on partnering a purchase of Multifamily unit. The unit is a few blocks from a major university and about a block away from the downtown area. There are 8 total units (7 units: 4 bed/1bath; 1 unit-3 bed/1bath) and each unit rents out for ~1380/mo...
by Nukeboilermaker
Thu Feb 20, 2014 7:25 am
 
Forum: Investing - Help with Personal Investments
Topic: College Town Multifamily Unit
Replies: 15
Views: 1198

Re: High Earners - What's Your Profession?

spankasmurf wrote:Medical Physicist


This is what my education was in. However, I work in Power Generation (Operations) ~150k (currently in training/promotion, ~200k when done in 1.5 years) in the Midwest.
by Nukeboilermaker
Sun Jan 12, 2014 3:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 357
Views: 28765

Re: Investing vs Mortgage Priority

EDIT: For my situation would you consider if unable to afford a 15 year mortgage and maxing out of all tax advantaged funds that you can not actually afford the home? Caution on using the poll results to decide what to do. Remember that polls are anonymous and you don't know the responder's backgro...
by Nukeboilermaker
Sat Jan 11, 2014 10:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Investing vs Mortgage Priority
Replies: 22
Views: 2711

Investing vs Mortgage Priority

All, I called into the Dave Ramsey show a few weeks ago and was curious if he thought I could afford to trade up in a home. The result I got was actually a little different than I expected; he said I could easily afford a 350k home with a 15 year mortgage. However, I was saving WAY too much! I made ...
by Nukeboilermaker
Sat Jan 11, 2014 9:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Investing vs Mortgage Priority
Replies: 22
Views: 2711

Re: Large bonus at work paid in Jan 2014

The lump Sum could be profit sharing as well. My company matches 100% of 4% and if it is done each paycheck. If someone were to max out early they would loose out on the matching on the paychecks after. If company performance meets certain indicator points we also get a 401k profit sharing which jus...
by Nukeboilermaker
Sat Dec 28, 2013 12:38 am
 
Forum: Investing - Help with Personal Investments
Topic: Large bonus at work paid in Jan 2014
Replies: 13
Views: 1382

Re: What size portfolio are you managing Bogle style?

I'm a pretty new investor(27 yrs old), but after we make our 2013 IRA contributions we should move from the 5 figure (our selection) to 6 figure category. I'm personally looking forward to my 401k breaking the 6 figure mark hopefully in 2-3 years. Btw Dave Ramsey feels I'm saving WAY too much since ...
by Nukeboilermaker
Sat Dec 28, 2013 12:12 am
 
Forum: Investing - Help with Personal Investments
Topic: What size portfolio are you managing Bogle style?
Replies: 48
Views: 4112

Re: Taking a "loss" on a home

OP, you have a huge commute in the middle of the night no less and a nosy neighbor. The commute alone is reason. I was thinking you were going to talk about a loss of 100 or 200k when the thread started. I see now we are talking about something in the tens of thousands. I really don't understand th...
by Nukeboilermaker
Tue Aug 27, 2013 7:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taking a "loss" on a home
Replies: 31
Views: 2948

Re: Taking a "loss" on a home

OP, you have a huge commute in the middle of the night no less and a nosy neighbor. The commute alone is reason. I was thinking you were going to talk about a loss of 100 or 200k when the thread started. I see now we are talking about something in the tens of thousands. I really don't understand th...
by Nukeboilermaker
Tue Aug 27, 2013 5:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taking a "loss" on a home
Replies: 31
Views: 2948

Re: Taking a "loss" on a home

I guess I am looking for some support on if we should suck it up and sell (but at how much of a loss?) any others out there been in similar situations that can help us swallow this potential poor investment? You might be selling your house at a low price but you likely will also be buying your next...
by Nukeboilermaker
Sun Aug 25, 2013 6:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Taking a "loss" on a home
Replies: 31
Views: 2948

Re: Taking a "loss" on a home

The 45 min/73 mile commute gets a little old especially when I am going into work at 1:30 am in a snow blizzard Yeah but at least in good weather you are averaging 97 mph. That is pretty good. Whoops! That is round trip mileage with one way travel time. Though I will not disclose if I have certainl...
by Nukeboilermaker
Sun Aug 25, 2013 6:12 am
 
Forum: Personal Finance (Not Investing)
Topic: Taking a "loss" on a home
Replies: 31
Views: 2948

Re: Taking a "loss" on a home

We purchased for 149k, and the realtor seems to think we need to list at 150k, I think that is likely what the house should Sell[b] [/b] for 150-155. However a number of other homes have failed to sell at lower price (though not as nice) has me thinking that the 150k list price isn't that far off an...
by Nukeboilermaker
Sat Aug 24, 2013 9:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taking a "loss" on a home
Replies: 31
Views: 2948

Taking a "loss" on a home

All, As we often discuss on this forum that in a majority of the US, a home is a lifestyle investment/choice opposed to a pure financial investment. We are planning on listing our home within the next few days and it is looking like we will end up taking a loss on what we purchased at 5 years ago no...
by Nukeboilermaker
Sat Aug 24, 2013 8:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taking a "loss" on a home
Replies: 31
Views: 2948

Re: Dave Ramsey Defends his Investing Advice - Again!

Really, how many lives has he destroyed? Hopefully none. Hopefully by the time his followers get to the point where his investment advice would be relevant, they've found other useful resources (such as this forum), so they know not to use actively managed funds with a 100%-stock allocation, assume...
by Nukeboilermaker
Fri Jun 07, 2013 7:10 am
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey Defends his Investing Advice - Again!
Replies: 106
Views: 14835

Re: 21 with a lot of time, please advise

Keep this simple, you have done great so far! You can easily afford to put any money above living expenses into debt and Roth IRA and that's it. Obviously prioritize the other larger purchases you listed accordingly. As investing goes, I would recommend just the Roth IRA and debt reduction (your cho...
by Nukeboilermaker
Thu Jun 06, 2013 6:58 am
 
Forum: Investing - Help with Personal Investments
Topic: 21 with a lot of time, please advise
Replies: 5
Views: 611

Re: Dave Ramsey's 7 required types of Insurance

I think he only suggests long term care after 45 or 50. Just about everything else but identity (which is a sponsor) is pretty reasonable. My understanding is umbrella is something to consider once you have major/reasonable assets. One thing to consider is simply ensuring you also have appropriate c...
by Nukeboilermaker
Tue Jun 04, 2013 1:37 am
 
Forum: Personal Consumer Issues
Topic: Dave Ramsey's 7 required types of Insurance
Replies: 41
Views: 3870

Re: The Boglehead Car -- What is It?

We have a '08 Mazda 3 (Hatch) and a 07' Honda Civic. Both solid cars that seem to run reliably. My wife's honda has a very small battery so if you are not careful you can draw it down running aux systems when the engine is not running (yes I have had the battery checked and I think I might have repl...
by Nukeboilermaker
Mon Jun 03, 2013 7:10 pm
 
Forum: Personal Consumer Issues
Topic: The Boglehead Car -- What is It?
Replies: 150
Views: 11683

Re: House Sitter

I usually take the house sitter on a shopping spree to LOAD up the house with whatever food, drink, booze they want. I usually leave some cash for ordering pizza or gas if they have a longer commute than normal. I think we usually pay $15-20/day or as we see fit. We have a black lab and 3 cats. It's...
by Nukeboilermaker
Mon Jun 03, 2013 1:39 am
 
Forum: Personal Consumer Issues
Topic: House Sitter
Replies: 11
Views: 1386

Re: Novice Investor In need of Advice for Starting 1st Roth

I agree that the Roth is sound, especially since you have some traditional TSP prior to this being available. Once you get out of the AF what type of job will you have? It will likely make sense at that point in time to go to a traditional 401k to keep yourself in a lower tax bracket. When it is all...
by Nukeboilermaker
Sat Jun 01, 2013 3:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Novice Investor In need of Advice for Starting 1st Roth IRA
Replies: 23
Views: 1975

Re: 401k loan or pay PMI?

So while using the search function of the forum I found this gem of a thread! It is very interesting and figured it is darn near sticky worthy. I am looking ahead and trying to calculate out my options to get 20% down on our next home. It was brought up by a number of people to actually use some of ...
by Nukeboilermaker
Sat Jun 01, 2013 2:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: 401k loan or pay PMI?
Replies: 108
Views: 9591
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