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Re: Our plan to pay off our mortgage by Age 40

What does the rest of your financial picture look like? I've always found the bigger picture important to consider when making home financing decisions.

Given your fast track to payoff, it does beg the question if you've looked at/considered 5 or 7 year ARM's or 10 year fixed rate mortgages.
by ShowMeTheER
Fri Oct 24, 2014 2:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Our plan to pay off our mortgage by Age 40
Replies: 10
Views: 1103

Re: COBRA and plan changes...

You will be entitled only to the choices that the active employees have... so it'll be HSA only after the plan year changes, no matter your status.
by ShowMeTheER
Fri Oct 24, 2014 8:36 am
 
Forum: Personal Finance (Not Investing)
Topic: COBRA and plan changes...
Replies: 7
Views: 391

Re: Refinancing Advice - is cash out refinance good or bad

Definite yes to the refi. Very likely yes to the cashout. No reason to be at 5.5% right now. Save 2% per year with a refi - no brainer. Shop for a good deal and there are some to be had with reasonable fees. In your case, even middle of the road fees are more than fine to drop 2% interest. You did n...
by ShowMeTheER
Thu Oct 23, 2014 6:19 am
 
Forum: Personal Finance (Not Investing)
Topic: Refinancing Advice - is cash out refinance good or bad
Replies: 5
Views: 426

Re: Good rubber covering for shoes in inclement weather?

Check swims.com for galoshes as an alternative to the dept store norm. I've found these at Allen Edmonds (outlet) before. Performance is perfectly good.
by ShowMeTheER
Sun Sep 28, 2014 9:20 pm
 
Forum: Personal Consumer Issues
Topic: Good rubber covering for shoes in inclement weather?
Replies: 9
Views: 793

Re: 1st Post: Contributions & 401k Fund Questions

Have you considered a Traditional IRA for her instead of Roth? Maybe even for yourself as well (if your Modified AGI fits the limits)? If you have that 9% of income to work with, at your 25% bracket, I'd be doing max to get company match in 401(k) and then TIRA where possible; as long as you are hap...
by ShowMeTheER
Fri Sep 05, 2014 4:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: 1st Post: Contributions & 401k Fund Questions
Replies: 7
Views: 515

Re: 1st Post: Contributions & 401k Fund Questions

Your federal tax rate would go a long way towards answering #1. Thank you.
by ShowMeTheER
Fri Sep 05, 2014 3:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: 1st Post: Contributions & 401k Fund Questions
Replies: 7
Views: 515

Re: Please explain this statement to me. Thank you.

Likely, if you start collecting the annuity at age 55 you will receive 65% of your full benefit (age 62). You'll receive that 65% amount until you pass away.
by ShowMeTheER
Fri Sep 05, 2014 3:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Please explain this statement to me. Thank you.
Replies: 12
Views: 1433

Re: Refinance ?

Yes, no brainer
by ShowMeTheER
Wed Jul 16, 2014 5:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Refinance ?
Replies: 14
Views: 974

Re: Potential new job advice

The concerns you have aren't the ones that should stop you from taking it and seeing what happens. As someone mentioned, you have an in demand skill set so you'll either do great things at Google and fall in love with the area... or you won't and you'll have the ability to go back to where you are (...
by ShowMeTheER
Thu May 09, 2013 12:56 pm
 
Forum: Personal Consumer Issues
Topic: Potential new job advice
Replies: 17
Views: 1168

Re: Which debt goes first? Save money instead?

Dulocracy wrote:I am led to believe that babies cost money, so there is that. Thoughts?


Absolutely correct.


Let's start here:

How much money do you have, or expect to have available to pay towards these debts in the next year? How much time left on that car note?
by ShowMeTheER
Wed May 08, 2013 2:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Which debt goes first? Save money instead?
Replies: 16
Views: 1518

Re: Mortgage Overpayment

Sounds like a lot of hassle. I think the 0.9% savings is perfectly fine for the short-term time you are talking about. I'd recommend just adding to your monthly payments (automatic deduction), but in a lesser amount than you intend to contribute if all goes well with job. For example, if your end of...
by ShowMeTheER
Tue Apr 23, 2013 9:02 am
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage Overpayment
Replies: 4
Views: 541

Re: Help Me Help Others

Your intent is noble. You could be at risk if you are giving investment advice without a license or without parental permission if they are a minor. I would check with a lawyer to make sure your good intentions don't backfire. I've dealt with people's money and they often get very irrational and an...
by ShowMeTheER
Tue Apr 23, 2013 7:55 am
 
Forum: Investing - Help with Personal Investments
Topic: Help Me Help Others
Replies: 16
Views: 1026

Re: Trying To Decide how Much to Put in Roth 401k vs Traditi

I would not change a thing given 1) the amount of uncertainty in your future income and earnings situation; and 2) the fact that you are already hedging well between the pre-tax and Roth. It's possible that you may even want to consider adding more to Her pre-tax 401(k) on an annual basis before fil...
by ShowMeTheER
Fri Apr 19, 2013 11:38 am
 
Forum: Investing - Help with Personal Investments
Topic: Trying To Decide how Much to Put in Roth 401k vs Traditional
Replies: 5
Views: 678

Re: Help with tax fraud

I cringe hearing these stories. Another good reason, for those that are able to do so, to get your payroll w/h set such that you will either owe; or will have a refund that is at a level where it isn't critical to receive in order to make ends meet for a period of time.
by ShowMeTheER
Thu Apr 18, 2013 12:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help with tax fraud
Replies: 15
Views: 1439

Re: Refinancing - opinions needed

Reasonable, yes. This isn't one of the outrageous quotes that show up from time to time. However, you can probably do a bit better if you shop around. Might be worth your time and effort, might not. In any case, you should move forward with something to capture the rate difference. Yes, difference b...
by ShowMeTheER
Tue Apr 16, 2013 9:21 am
 
Forum: Personal Finance (Not Investing)
Topic: Refinancing - opinions needed
Replies: 8
Views: 515

Re: ER Changes

Am I the only one who thinks that this ER war has gone a bit too far? Total Stock for example went from 0.06% to 0.05%. Thats $10 on a 100,000 portfolio. I would rather that Vanguard spend the $10 on improving some features like adding performance history beyond 5 years. 16% reduction - I'll take it.
by ShowMeTheER
Fri Apr 12, 2013 11:57 am
 
Forum: Investing - Theory, News & General
Topic: [Vanguard Announces Expense Ratio] ER Changes
Replies: 32
Views: 2418

Re: Serving on a Pension Board - Advice?

Advice would be - get used to the majority being influenced by the investment salespeople. It's an uphill battle to get cost effective funds, but best of luck. Work on them slowly buy surely.
by ShowMeTheER
Fri Apr 12, 2013 6:29 am
 
Forum: Personal Finance (Not Investing)
Topic: Serving on a Pension Board - Advice?
Replies: 30
Views: 1904

Re: Investing math problem

$600k needed for $18K w/d at 3%

About $750K needed 2% inflation adjusted $18K w/d at 3%.
by ShowMeTheER
Thu Apr 11, 2013 9:59 am
 
Forum: Investing - Help with Personal Investments
Topic: Investing math problem
Replies: 4
Views: 525

Re: cleaning a vacation rental

I wouldn't bother with a negotiation of such a small amount. Just pay it and be done. My experience is that it is standard to clean before you leave - not scrubbed, but cleaned up.
by ShowMeTheER
Fri Apr 05, 2013 3:53 pm
 
Forum: Personal Consumer Issues
Topic: cleaning a vacation rental
Replies: 21
Views: 2050

Re: Do you need Emergency Fund if you have no expenses?

If that E-fund is really earning 6%, I wouldn't bother touching it.
by ShowMeTheER
Fri Apr 05, 2013 1:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you need Emergency Fund if you have no expenses?
Replies: 32
Views: 2711

Re: ROTH vs. Traditional 401K

Hi All - I'm trying to work out the benefits of a ROTH vs. a Traditional 401K and think I may be doing the math incorrectly. Here are my assumptions and math: Traditional: Pre-tax/Pre-contribution Monthly Pay: $6,500 401K Contribution (6%): $390.00 Taxable Income (Pre-tax/Pre-contribution pay - con...
by ShowMeTheER
Thu Mar 28, 2013 11:00 am
 
Forum: Investing - Help with Personal Investments
Topic: ROTH vs. Traditional 401K
Replies: 23
Views: 1620

Re: How much is too much for car repairs?

I would move on as of the next significant bill. $2,000 - $2,500 per year is my target cost on cars... but to each his own!
by ShowMeTheER
Wed Mar 27, 2013 4:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much is too much for car repairs?
Replies: 30
Views: 2247

Re: Maybe a dumb question?

No, you aren't paying double since there isn't a cost per account. You are just paying x% times the total assets... which would be the same if 1 account of all money or 2 accounts that split the money up. You could have a situation where you can qualify for lower cost if, collectively, the assets he...
by ShowMeTheER
Fri Mar 15, 2013 12:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Maybe a dumb question [on expense ratios]?
Replies: 3
Views: 300

Re: Extra mortgage payments vs savings

Combo of eliminating PMI and interest rate reduction on the refi make this an easy one - pay it down.
by ShowMeTheER
Mon Mar 11, 2013 11:13 am
 
Forum: Personal Finance (Not Investing)
Topic: Extra mortgage payments vs savings
Replies: 7
Views: 773

Re: Buy more I-bonds?

I wouldn't buy more i-bonds at the moment... just not worth it unless maybe you can stretch into your CD's expiration (and assuming that amount is significant enough to get you another year or two).

I like the suggestion to get it into something paying ~1% that is very accessible.
by ShowMeTheER
Thu Mar 07, 2013 1:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Buy more I-bonds?
Replies: 13
Views: 1656

Re: Estimating Retirement Expenses

Hello everyone, I am looking for advice on estimating retirement expenses. I know enough to not use the "percent of income" as a guide, but rather rely on expenses, but I don't know about whether to (and how to) factor in inflation and there are so many variables like average and unforsee...
by ShowMeTheER
Wed Mar 06, 2013 9:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Estimating Retirement Expenses
Replies: 21
Views: 1610

Re: Pay off mortgage or invest?

I like option #1 - pay the $55K - but only if you plan to keep it in cash. Not sure if you have any interest in doing so, but even better I'd prefer to see that $55K put into something FDIC covered that might yield 1.5% or 2%. Then you are paying very little (net) for the ability to keep that money ...
by ShowMeTheER
Mon Mar 04, 2013 2:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Pay off mortgage or invest?
Replies: 19
Views: 1940

Re: roth 401k

Tax deferred
by ShowMeTheER
Fri Mar 01, 2013 10:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: roth 401k
Replies: 5
Views: 489

Re: Calculator Help!!??!!

I did the contributions annually - since it's a Friday afternoon - but anyway came up with something like $225K versus $900K
by ShowMeTheER
Fri Mar 01, 2013 4:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Calculator Help!!??!! [Retirement Contributions]
Replies: 8
Views: 702

Re: Looking to improve on target funds (Vanguard & TSP)

1. How can I break out of using Target funds for retirement and start to have a more effective asset allocation? Keep in mind that the Vanguard TR funds that you are in are 3-fund portfolios, so you already have an 'effective' asset allocation according to most on this board. You can break out if y...
by ShowMeTheER
Wed Feb 27, 2013 2:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Looking to improve on target funds (Vanguard & TSP)
Replies: 13
Views: 1158

Re: Stock 101 question

How profitable will it be compared to current expectations? That is usually the key... well, that and the human side of buying and selling (i.e., are markets really efficient).
by ShowMeTheER
Fri Feb 22, 2013 1:14 pm
 
Forum: Investing - Theory, News & General
Topic: Stock 101 question
Replies: 7
Views: 451

Re: Should I Cash in 2 of my Whole Life Policies?

I would definitely cancel the 2. As you say, you have no need... the financial interests are minimal. I'd do it just out of simplification and putting those funds to more relevant use. I'd vote the same on the 3rd as well, for the same reasons, but I'm not a whole life insurance financial whiz so no...
by ShowMeTheER
Thu Feb 21, 2013 2:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I Cash in 2 of my Whole Life Policies?
Replies: 7
Views: 498

Re: NUA Strategy - Am I Understanding How This Works?

I currently own highly appreciated company stock in my old 401K which I have not rolled over yet. If the stock is in your 401k, I'm not sure I understand the reason for you to be worried about capital gains. Am I missing something? Can't you just exchange it for another offering in the old 401k wit...
by ShowMeTheER
Tue Feb 19, 2013 2:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: NUA Strategy - Am I Understanding How This Works?
Replies: 8
Views: 613

Re: Pay off mortgage, or sell and roll into the dream home.

More cash doesn't necessarily equal bigger discount. ALL cash has a better chance of getting a lower price since some sellers will like that you can close more quickly without having to involve a lender. You are right that that monthly payment situation will be based on cash you can bring up front. ...
by ShowMeTheER
Tue Feb 19, 2013 12:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage, or sell and roll into the dream home.
Replies: 20
Views: 1560

Re: Pay off mortgage, or sell and roll into the dream home.

You barely have any equity in the current home. Save your cash - chances are whatever home you purchase in the future will require a mortgage to finance it and pay off the current home. This is the one time I don't recommend pre-paying, when you are about to sell - if you need to bring cash to the ...
by ShowMeTheER
Tue Feb 19, 2013 9:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage, or sell and roll into the dream home.
Replies: 20
Views: 1560

Re: just got the word about my job...health ins?

If you lose coverage eligibility (doesn't matter if due to part-time or contractor), you have COBRA coverage that will take you to Medicare. It will be quite pricey as compared to your current (I'm assuming) subsidized coverage. Check with managers to see about subsidized coverage if you are going i...
by ShowMeTheER
Fri Feb 15, 2013 4:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: just got the word about my job...health ins?
Replies: 16
Views: 1724

Re: Considering IRA rollover - some questions

This seems reasonable and allowable. The annual in-service withdrawal is a good way to go about it and not more frequently. I've seen some people do this on a per paycheck or monthly basis, which is fine financially if there was no withdrawal fee, but is really extreme and pretty unnecessary. I thin...
by ShowMeTheER
Fri Feb 15, 2013 2:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Considering IRA rollover - some questions
Replies: 8
Views: 359

Re: Target Retirement Funds to add international bonds

Slightly off-topic, but I've been thinking lately about how I'll be shifting my asset allocations over the next 20 years as I start to approach retirement. This Target Date fund discussion inspired me to check into the underlying assets for the various funds and I was surprised to see how aggressiv...
by ShowMeTheER
Thu Feb 14, 2013 1:44 pm
 
Forum: Investing - Theory, News & General
Topic: Target Retirement Funds to add international bonds
Replies: 76
Views: 9564

Re: Can I retire comfortably?

Yes, you should be fine. Enjoy!
by ShowMeTheER
Thu Feb 07, 2013 10:21 am
 
Forum: Investing - Help with Personal Investments
Topic: Can I retire comfortably?
Replies: 61
Views: 6669

Re: Would you amend 4 years of past state tax returns....

I'd do it if it is that straight forward.

Only concern I'd have is if your tax situation is complicated enough that it might trigger an audit; in which case it might not be worth the bother just due to the increased chance of an audit.
by ShowMeTheER
Wed Feb 06, 2013 3:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Would you amend 4 years of past state tax returns....
Replies: 7
Views: 844

Re: How to evaluate Group Life Insurance, or others?

Definitely look outside of your workplace policies. In most cases, you should be able to find a similar or better rate. Similar is still fine... since you then avoid the worry of losing your job and coverage. In cases of poor health or pre-existing conditions that get screened in underwriting, you m...
by ShowMeTheER
Wed Jan 30, 2013 5:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to evaluate Group Life Insurance, or others?
Replies: 7
Views: 402

Re: Life insurance for 30-yr old, dual income, no kids?

Just a matter of preference. Have the talk. I'd be in the court of having something to take the burden off of the mortgage, etc... especially if you can afford the policy easily. Most fixed costs remain when the household goes from 2 incomes to 1.
by ShowMeTheER
Wed Jan 30, 2013 4:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life insurance for 30-yr old, dual income, no kids?
Replies: 15
Views: 837

Re: How to evaluate Group Life Insurance, or others?

Go with a 20 or 30 year term policy outside of your employer. If all your life insurance if with your employer and you are laid off or have to quit working due to illness you might end up with no life insurance. Also group policies through work would be a yearly renewal thus subject to rate increas...
by ShowMeTheER
Wed Jan 30, 2013 4:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to evaluate Group Life Insurance, or others?
Replies: 7
Views: 402

Re: Aggressive portfolio for 25-year-old

You're right - you do have a good choice of Spartan funds that you could build a solid, lower cost portfolio with for your desired allocation if you so choose instead of the 2050 Freedom fund. The added ER for the 2050 fund isn't a huge deal right now at your portfolio, so don't fret if you need som...
by ShowMeTheER
Mon Jan 28, 2013 3:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Aggressive portfolio for 25-year-old
Replies: 6
Views: 1692

Re: Aggressive portfolio for 25-year-old

Hello! Questions: 1. Asset allocation –90% stocks is pretty aggressive according to asset allocation tools I’ve looked at online. But I really think I’d be OK with a ~45% drop in my portfolio at this point since I have so much time (40+ years) before I intend to make withdrawals and I know the big ...
by ShowMeTheER
Mon Jan 28, 2013 1:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Aggressive portfolio for 25-year-old
Replies: 6
Views: 1692

Re: An enviable problem?

Very enviable position. I look at it this way - high cost of living area or not - what are your fixed expenses to live there once you hit retirement? Compare that to your nest egg and expected annual draw. You're probably in a better position than 95% of people. And, worst case, you can sell your ap...
by ShowMeTheER
Mon Jan 28, 2013 12:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: An enviable problem?
Replies: 30
Views: 2728

Re: Defined Benefit Vs. Lump Sum Payout

Trying get opinions on the best approach. When I retire I will have a choice between taking a defined benefit payment of $5,085/month starting at age 62 or lump sum payout of $785,000. If i choose 100% survivor benefits the monthly payment will be $4,100. I'm currently 52 and I will have have a pro...
by ShowMeTheER
Mon Jan 28, 2013 11:11 am
 
Forum: Investing - Help with Personal Investments
Topic: Defined Benefit Vs. Lump Sum Payout
Replies: 6
Views: 554

Re: Please Help with Our Retirement Planning

This is a lot to take in... I'll answer the items I am comfortable with -Please provide suggestions on how to better allocate our 401K and 457B to be more efficient. I'm thinking we are probably more risky than we should be?(We don’t contribute to the IRA’s.) See next bullet -Does our desired asset ...
by ShowMeTheER
Fri Jan 25, 2013 1:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Please Help with Our Retirement Planning
Replies: 9
Views: 1185

Re: Too much in savings?

Too much? Not necessarily - you've just covered the savings portion at full strength. I wouldn't necessarily pull from those savings if you don't feel the strong urge to do so, but now it's time to start using tax-advantaged retirement accounts and build there. Once you buy that house you're downpay...
by ShowMeTheER
Mon Jan 21, 2013 3:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Too much in savings?
Replies: 7
Views: 1343
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