Search found 292 matches

by ShowMeTheER
Sat Jul 25, 2015 5:45 am
Forum: Investing - Help with Personal Investments
Topic: Can I retire early?
Replies: 25
Views: 4783

Re: Can I retire early?

Yes, you'll be fine. This forum is ultra conservative in answering these questions for the high earners.

Still $2M in gross earnings to add onto your existing portfolio... 4% w/d puts you in good shape. Stick out 1 addl yr of work if the two of you don't hate the jobs for good measure.
by ShowMeTheER
Fri Jul 10, 2015 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: IRS: No more lump sum in lieu of defined benefit annuity?
Replies: 28
Views: 2978

Re: IRS: No more lump sum in lieu of defined benefit annuity?

Yes, it's #2 So, I've read the short blurb. Which of the following statements best describe this new reg? I vote for #2. 1. At retirement my company can offer me a lump sum instead of an annuity. 2. After retirement, when my company is paying me retirement benefits via an annuity, they cannot at a l...
by ShowMeTheER
Wed Jul 01, 2015 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance "birthday rule"
Replies: 35
Views: 4272

Re: Health insurance "birthday rule"

Sounds like it wasn't clear to the rep that you would be cancelling instead of going dual coverage. That's all.
by ShowMeTheER
Mon Jun 22, 2015 9:33 am
Forum: Personal Finance (Not Investing)
Topic: What percent of your spending is "basic" and what percent is "discretionary"?
Replies: 42
Views: 4189

Re: What percent of your spending is "basic" and what percent is "discretionary"?

My household is also very near 2/3 (basic) and 1/3 (discretionary).

In basic, I tend to include: food/toiletries, shelter, gasoline, utilities, phones/internet/TV, auto/home/life insurance as the highlights.
by ShowMeTheER
Mon Apr 20, 2015 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Take the job? Midwest to West Coast.
Replies: 12
Views: 1019

Re: Take the job? Midwest to West Coast.

Longer commute is likely. Housing certainly more expensive. But, I'd think nothing that ~$2K extra income per month (after taxes) shouldn't make up for. I'd call it a wash at worst and take the job.
by ShowMeTheER
Thu Apr 16, 2015 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Refinance?
Replies: 5
Views: 742

Re: Should I Refinance?

It would be helpful to know more of your financial situation, but this is really one of those whatever makes you sleep better at night situations. You are evaluating the proper pieces. The $3,400 may seem like a lot, but could be a drop in the bucket if rates are at 5% in 2019 versus the 3% you coul...
by ShowMeTheER
Tue Apr 14, 2015 4:41 pm
Forum: Investing - Help with Personal Investments
Topic: Multiple Ohio 529s - One Child
Replies: 7
Views: 773

Re: Multiple Ohio 529s - One Child

I've done something similar as OP, but did not get into the 3rd account. First account had Bene = Wife, later changed to Child #1 Second account had Bene = Self, later changed to Child #2 We preferred to get some 529 monies started in prior to the kids actually being born, understanding there is som...
by ShowMeTheER
Sun Apr 12, 2015 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Roth IRA recharacterization and e-file
Replies: 13
Views: 3717

Re: Roth IRA recharacterization and e-file

I had a similar issue as those that have reported in the thread - sort of a combination of the two - with HR Block software, specifically. A very simple Roth to Traditional recharacterization for 2014 tax year; with the transaction done in March, 2015. Explanation asked for and provided upon data in...
by ShowMeTheER
Mon Mar 30, 2015 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Another can I afford this house thread
Replies: 11
Views: 1205

Re: Another can I afford this house thread

2x income; great job stability; no debt; down payment saved.

Yes, you can definitely afford. Enjoy the quality of life that comes with your new commute!
by ShowMeTheER
Sun Mar 29, 2015 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Implications of the "Cadillac" tax of the ACA
Replies: 29
Views: 3401

Re: Implications of the "Cadillac" tax of the ACA

The caddy tax is supposed to be levied on the employer and not the individual. That's not to say that employers won't adjust cost share to account for any cost increases being brought on. They can and may adjust all plans to account for this - not necessarily only those exceeding caddy limits. As we...
by ShowMeTheER
Fri Mar 06, 2015 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Does My Daughter Need A Prenup?
Replies: 175
Views: 7872

Re: Does My Daughter Need A Prenup?

It sounds to me like your daughter is capable of making the decision on her own without pressure or prompting. I guess the bigger question is whether it really is HER decision or OUR (including wife and) decision. Why would it be yours? It's her decision. Her grandparents decide the inheritance of ...
by ShowMeTheER
Fri Mar 06, 2015 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Does My Daughter Need A Prenup?
Replies: 175
Views: 7872

Re: Does My Daughter Need A Prenup?

It sounds to me like your daughter is capable of making the decision on her own without pressure or prompting.
by ShowMeTheER
Thu Jan 22, 2015 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Refinance motrgage
Replies: 12
Views: 1438

Re: Refinance motrgage

Given the rate you currently have and the limited info you've provided, yes you should refinance.

I can't think of many details that you'd provide that would lead to any answer other than 'yes'.
by ShowMeTheER
Fri Jan 16, 2015 10:34 am
Forum: Investing - Help with Personal Investments
Topic: Should I Declare Victory and Pack It In?
Replies: 173
Views: 17961

Re: Should I Declare Victory and Pack It In?

Toxic contract coming, so definitely get out of this place.

Take 3 months off and see how you feel. If you feel like you still want to work after that, then go search for a new location that will pay you market value.

In any case, you are fine with $2.7M given the light fixed expenses.
by ShowMeTheER
Fri Jan 09, 2015 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance with Third Federal? 3/1 ARM, 2.34%, $295 costs
Replies: 8
Views: 1228

Re: Refinance with Third Federal? 3/1 ARM, 2.34%, $295 costs

Multiple refi's with Third Fed here, including a rate relock. Great experiences - the type that make you scratch your head when you hear he crazy difficulties some have to close a mortgage/refi with other institutions. Hope you find the same. Good luck.
by ShowMeTheER
Mon Dec 29, 2014 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Should I do a 25 year refinance?
Replies: 13
Views: 898

Re: Should I do a 25 year refinance?

This would be a no-brainer. Your net worth increases each month versus your prior situation and you are out no money.

One reason your lender is doing this is b/c your rate is too high for the current market, so they are being proactive in keeping your business.
by ShowMeTheER
Tue Dec 02, 2014 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: STRS Ohio Choice - What to do?
Replies: 15
Views: 1496

Re: STRS Ohio Choice - What to do?

If you are in it for the long haul, I'd vote the DB option. Hard to beat that type of security when so much of your other savings may be subject to market fluctuations. My opinion/perspective on the long-term: I realize that Ohio has recently made some changes to their plan...and that it's unfunded....
by ShowMeTheER
Sat Nov 29, 2014 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Change COBRA health plan election after relocating?
Replies: 1
Views: 279

Re: Change COBRA health plan election after relocating?

Yes, your relocation will qualify you for a new plan election under COBRA mid-year
by ShowMeTheER
Wed Nov 19, 2014 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on Certified Financial Planning Certificate
Replies: 5
Views: 1052

Re: Advice on CERTIFIED FINANCIAL PLANNING CERTIFICATE

I would advise that it depends on what you are really looking to get out of the course/designation. I took the course (a fast-track course that was done over 7 four-day weekends over a 9 month stretch) and exam. I thought this type of course program was excellent... in my case I was a working profes...
by ShowMeTheER
Tue Nov 11, 2014 12:35 pm
Forum: Personal Consumer Issues
Topic: Blue Cross question - ACA
Replies: 4
Views: 712

Re: Blue Cross question - ACA

Hmm... these seem to be popping up more, in the ACA plans that are offered, than I've ever seen before. Likely, the per occurrence is in addition to the annual deductible... and likely prior to the deductible. So, maybe for an inpatient stay you are responsible for a $250 per occurrence deductible e...
by ShowMeTheER
Fri Oct 24, 2014 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Our plan to pay off our mortgage by Age 40
Replies: 10
Views: 1559

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 7:36 am
Forum: Personal Finance (Not Investing)
Topic: COBRA and plan changes...
Replies: 11
Views: 1240

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
Thu Oct 23, 2014 5:19 am
Forum: Personal Finance (Not Investing)
Topic: Refinancing Advice - is cash out refinance good or bad
Replies: 11
Views: 1537

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
Sun Sep 28, 2014 8:20 pm
Forum: Personal Consumer Issues
Topic: Good rubber covering for shoes in inclement weather?
Replies: 9
Views: 1117

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
Fri Sep 05, 2014 3:12 pm
Forum: Investing - Help with Personal Investments
Topic: 1st Post: Contributions & 401k Fund Questions
Replies: 7
Views: 645

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 2:16 pm
Forum: Investing - Help with Personal Investments
Topic: 1st Post: Contributions & 401k Fund Questions
Replies: 7
Views: 645

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 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Please explain this statement to me. Thank you.
Replies: 12
Views: 1490

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
Wed Jul 16, 2014 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance ?
Replies: 14
Views: 1221

Re: Refinance ?

Yes, no brainer
by ShowMeTheER
Thu May 09, 2013 11:56 am
Forum: Personal Consumer Issues
Topic: Potential new job advice
Replies: 17
Views: 1212

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
Wed May 08, 2013 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Which debt goes first? Save money instead?
Replies: 16
Views: 1558

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
Tue Apr 23, 2013 8:02 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage Overpayment
Replies: 4
Views: 560

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 6:55 am
Forum: Investing - Help with Personal Investments
Topic: Help Me Help Others
Replies: 16
Views: 1050

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
Fri Apr 19, 2013 10:38 am
Forum: Investing - Help with Personal Investments
Topic: Trying To Decide how Much to Put in Roth 401k vs Traditional
Replies: 5
Views: 1107

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
Thu Apr 18, 2013 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Help with tax fraud
Replies: 15
Views: 1485

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
Tue Apr 16, 2013 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Refinancing - opinions needed
Replies: 8
Views: 583

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
Fri Apr 12, 2013 10:57 am
Forum: Investing - Theory, News & General
Topic: [Vanguard Announces Expense Ratio] ER Changes
Replies: 32
Views: 2447

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 5:29 am
Forum: Personal Finance (Not Investing)
Topic: Serving on a Pension Board - Advice?
Replies: 30
Views: 3092

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
Thu Apr 11, 2013 8:59 am
Forum: Investing - Help with Personal Investments
Topic: Investing math problem
Replies: 4
Views: 542

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
Fri Apr 05, 2013 2:53 pm
Forum: Personal Consumer Issues
Topic: cleaning a vacation rental
Replies: 21
Views: 2720

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 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Do you need Emergency Fund if you have no expenses?
Replies: 32
Views: 2824

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
Thu Mar 28, 2013 10:00 am
Forum: Investing - Help with Personal Investments
Topic: ROTH vs. Traditional 401K
Replies: 23
Views: 1820

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
Wed Mar 27, 2013 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: How much is too much for car repairs?
Replies: 30
Views: 2317

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
Fri Mar 15, 2013 11:11 am
Forum: Investing - Help with Personal Investments
Topic: Maybe a dumb question [on expense ratios]?
Replies: 3
Views: 319

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
Mon Mar 11, 2013 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Extra mortgage payments vs savings
Replies: 7
Views: 802

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
Thu Mar 07, 2013 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: Buy more I-bonds?
Replies: 13
Views: 1696

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
Wed Mar 06, 2013 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Estimating Retirement Expenses
Replies: 21
Views: 1707

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
Mon Mar 04, 2013 1:41 pm
Forum: Investing - Help with Personal Investments
Topic: Pay off mortgage or invest?
Replies: 19
Views: 2136

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
Fri Mar 01, 2013 9:59 pm
Forum: Investing - Help with Personal Investments
Topic: roth 401k
Replies: 5
Views: 506

Re: roth 401k

Tax deferred
by ShowMeTheER
Fri Mar 01, 2013 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: Calculator Help!!??!! [Retirement Contributions]
Replies: 8
Views: 733

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
Wed Feb 27, 2013 1:27 pm
Forum: Investing - Help with Personal Investments
Topic: Looking to improve on target funds (Vanguard & TSP)
Replies: 13
Views: 1191

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...

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