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by Twins Fan
Mon May 25, 2015 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: When is it safe to share financial details with gf, future wife
Replies: 23
Views: 1931

Re: When is it safe to share financial details with gf, future wife

As the title suggests, at what point in the relationship is it a good idea to share financial details with a girlfriend/future wife? (We've seriously talked about marriage, no engagement yet though). We are 32 & 33, we've been together for over a year, we are on the same page as far as LBYM, in...
by Twins Fan
Mon May 25, 2015 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Extra mortgage payments or nonIRA investment?
Replies: 5
Views: 403

Re: Extra mortgage payments or nonIRA investment?

My bad... I misread, misunderstood, or just plain had a brain fart about the business sale. :happy

I would still say either option is reasonable for your situation.
by Twins Fan
Mon May 25, 2015 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Extra mortgage payments or nonIRA investment?
Replies: 5
Views: 403

Re: Extra mortgage payments or nonIRA investment?

I'm behind on my retirement so I'm pretty sure I won't pay any additional towards the mortgages and was considering removing all extra payments and putting those towards VTSAX. I have relatively high risk tolerance since I plan on working at least 25 more years. I'm not sure what you want us to say...
by Twins Fan
Mon May 25, 2015 10:05 am
Forum: Investing - Help with Personal Investments
Topic: Do I really need International equities in my portfolio ?
Replies: 37
Views: 2416

Re: Do I really need International equities in my portfolio ?

The current US fetish on this board is the classic momentum play. Buying the hot stock works fine. Until it doesn't. Diversification looks simple on paper. In reality staying the course and buying out of favor assets is beyond most peoples ability. It's all a matter of persepective while we all rea...
by Twins Fan
Mon May 25, 2015 9:48 am
Forum: Investing - Help with Personal Investments
Topic: Ally Savings and MMA
Replies: 14
Views: 1771

Re: Ally Savings and MMA

Yep, same for me. I use a local credit union (two actually) for the good rates on a whopping $500 and keep enough in those to pay a few bills. Other cash goes to Ally. My rewards CC that gets paid off monthly gets paid through the Ally account. Too easy to link all that stuff with online banking now...
by Twins Fan
Sun May 24, 2015 6:20 pm
Forum: Investing - Help with Personal Investments
Topic: Ally Savings and MMA
Replies: 14
Views: 1771

Re: Ally Savings and MMA

Oddly enough, when I opened my account with Ally the MM was at .94 and the online savings was at .90. That was about two years ago and those numbers may not be exact. But, pretty close and I know the MM was a little higher at the time. Then they both went down and the online savings has since gone u...
by Twins Fan
Fri May 22, 2015 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Not able to max out all the retirement accounts
Replies: 69
Views: 3810

Re: Not able to max out all the retirement accounts

Exactly!.... So, OP will be in school and studying all the time and hubby will be working all the time..... hey, who cares about the family and kids, right? I mean retirement accounts are being maxed and that's what counts. :confused OP, RELAX!!! I hadn't even started saving for retirement in my mid...
by Twins Fan
Thu May 21, 2015 10:36 am
Forum: Investing - Help with Personal Investments
Topic: Paying down high interest debt
Replies: 17
Views: 1797

Re: Paying down high interest debt

4 or 5k would be the minimum I would be comfortable with............... Is $1500 interest paid worth the not having to worry that something might happen over the next 10 months where I might need more then 4k-5k in an emergency? With a spouse and three teens close to college, I will sleep better wi...
by Twins Fan
Wed May 20, 2015 2:00 pm
Forum: Investing - Help with Personal Investments
Topic: Paying down high interest debt
Replies: 17
Views: 1797

Re: Paying down high interest debt

Was able to consolidate credit card debt to a 6.99% five year loan...owe 22k right now. Current plan is to get emergency fund to 27k and then fully pay off the credit card loan which will free up $500/month, then build up emergency fund back up to 20k. Great progress in the last year! What's your m...
by Twins Fan
Sun May 17, 2015 4:18 pm
Forum: Investing - Help with Personal Investments
Topic: 457(b) questions with state pension
Replies: 14
Views: 949

Re: 457(b) questions with state pension

Maybe look at it this way.... will you really need to replace all 100% of your income in retirement? From the sounds of it your pension will/should pay all the bills in retirement. Why do you need anymore income than that in retirement? Not to say you shouldn't want or try to have more. But, if need...
by Twins Fan
Thu May 14, 2015 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Where does everyone stand [Portfolio holdings]
Replies: 16
Views: 2983

Re: Where does everyone stand

Also OP, you have to remember where you're asking this question. There aren't many folks that hang out here because they don't like saving money. :happy Yes, it can range from those just starting out to those that are WELL established. But, all or most have similar strategies of saving a bunch of mo...
by Twins Fan
Thu May 14, 2015 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Where does everyone stand [Portfolio holdings]
Replies: 16
Views: 2983

Re: Where does everyone stand

Thanks and very interesting. I'm not as wealthy as I thought I was! Thanks Exactly why you don't ask. :wink: Who cares where everyone else stands. Worry about what you can control....... you and your own savings/savings rate. Comparing yourself to others is not productive at all, IMO. Learn from ot...
by Twins Fan
Thu May 14, 2015 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Networth question
Replies: 54
Views: 4336

Re: Networth question

Net Worth = Assets - Liabilities +1 I don't know why folks need to make it more complicated. +2... or 3 or whatever it might be. :D I am also of the simple thought, net worth is assets - liabilities. That includes the home, rental home, cars...... assets, and any mortgages or outstanding balances a...
by Twins Fan
Fri May 08, 2015 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: Prioritize Investment: Roth IRA vs. 457b Deferred Comp
Replies: 5
Views: 371

Re: Prioritize Investment: Roth IRA vs. 457b Deferred Comp

Yeah, we need quite a bit more info on your overall situation to make any recommendations. Looking at the OPs other posts, they started a thread about backdoor Roth. Assuming that means the OP, or the OP and spouse are high income earners, I would say do both. With the $5500 limit on the Roth side y...
by Twins Fan
Fri May 08, 2015 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Do Updates to Home Increase Market Value?
Replies: 32
Views: 2172

Re: Do Updates to Home Increase Market Value?

Thanks for all the replies. The realtor did provide me with 4 comps that include asking price, sales price, days on market, etc. She then adjusted these comps based on differences between my home and the comp house. The adjusted prices were $150k, $185k, $190k, and $200k. Based on these adjusted pr...
by Twins Fan
Fri May 08, 2015 10:55 am
Forum: Investing - Help with Personal Investments
Topic: How/Where to know if particular day RBD on that day?
Replies: 13
Views: 1078

Re: How/Where to know if particular day RBD on that day?

OP, I would just say you're way over thinking this. If you have rebalancing you need to do, then rebalance. Simple as that. While you think it's been erratic recently, it's really been pretty minor movements up and down in the grand scheme of things (movements of 1%, if that). Come on now... really?...
by Twins Fan
Thu May 07, 2015 4:24 pm
Forum: Investing - Help with Personal Investments
Topic: Newly Retired-ready to invest
Replies: 14
Views: 2093

Re: Newly Retired-ready to invest

Well, you're not "ready to invest" then... you've been invested/investing and look to have done pretty well for yourselves. :beer

Why change the plan now? Stick with what got you where you are.

Maybe a change in AA... if you've won the game, stop playing sort of deal.
by Twins Fan
Wed May 06, 2015 8:15 pm
Forum: Investing - Help with Personal Investments
Topic: Need Help With Roth
Replies: 11
Views: 595

Re: Need Help With Roth

Wife and I have 401k's through work and both are in Target Date Funds. We are looking to open roth's for both of us. Should I put both in a 2045 Target Date Fund or the 3 fund portfolio approach? Maybe one in TDF and the other in 3 fund? I know very little about investing and I would like a set a l...
by Twins Fan
Wed May 06, 2015 5:46 pm
Forum: Investing - Theory, News & General
Topic: 1929 was a great year to buy stocks
Replies: 92
Views: 5072

Re: 1929 was a great year to buy stocks

Hindsight tells me there were lots of great years to buy stocks. :happy Now, did anyone have the money or the guts to buy stocks during those "great years"? That's the question. It's kind of easy for those of us in 2015 typing away at our keyboards, sitting in a comfy chair, and having the...
by Twins Fan
Wed May 06, 2015 5:41 pm
Forum: Investing - Help with Personal Investments
Topic: Newly Retired-ready to invest
Replies: 14
Views: 2093

Re: Newly Retired-ready to invest

Well, you have come to the right place! You can get Taylor and Rick to answer your questions directly to you, since they're members of the forum. :D What course did you stay? That saying tends to refer to staying an investment course, and it sounds like you have not been invested before now. Is that...
by Twins Fan
Wed May 06, 2015 5:25 pm
Forum: Investing - Theory, News & General
Topic: Are we experiencing a bond correction or crash?
Replies: 34
Views: 5669

Re: Are we experiencing a bond correction or crash?

Michael_Fisher1 wrote:thoughts?


I don't think we're experiencing either.

Why do you ask this and seem to imply we are experiencing one or the other?
by Twins Fan
Wed May 06, 2015 5:02 pm
Forum: Investing - Help with Personal Investments
Topic: move to cash for upcoming bear market?
Replies: 68
Views: 7973

Re: move to cash for upcoming bear market?

That's something everyone has to answer on their own. You say your nest egg isn't huge. Are you hoping for lots of growth between now and then? If so, an 80/20 AA may be appropriate. Are you more worried about losing some, and would rather just contribute and save? If so, maybe a 60/40 - 50/50 - 40/...
by Twins Fan
Wed May 06, 2015 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: move to cash for upcoming bear market?
Replies: 68
Views: 7973

Re: move to cash for upcoming bear market?

Welcome to the forum! We are very anti-market timing here in Bogleheads. So that's quite a first post!! :oops: So, it took you about 1.5 years to recover that last time and you're about 14 years from retirement.... why are you worried about this upcoming bear market?? You predict the low will be in ...
by Twins Fan
Sat May 02, 2015 1:59 pm
Forum: Investing - Theory, News & General
Topic: "Don't invest in something you don't understand."
Replies: 55
Views: 3446

Re: "Don't invest in something you don't understand."

I don't think the saying should be taken too literally. Most of us here don't fully understand the intricacies of the stock or bond markets. The bond fund threads show that all the time, IMO. I think most of us have a basic understanding of the stock and bond markets, in that we want to own small pa...
by Twins Fan
Sat May 02, 2015 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about buying house process
Replies: 16
Views: 1173

Re: Questions about buying house process

You have to own the house before you can evict anyone. If things aren't on the up and up by closing or on the day of.... don't close. You can back out too. Don't put the cart before the horse here. Go with it and see what happens. If it works out, it works out.... or, you move on to the next home to...
by Twins Fan
Sat May 02, 2015 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: 0% Interest Car Loan
Replies: 24
Views: 1929

Re: 0% Interest Car Loan

Normally I would have walked, but for some reason I wanted to make this guy work for the loan origination fee I was going take away from him by paying off the loan as soon I got the account number. And that's what I did. Haha... love it!! :beer Ugh, car buying makes my skin crawl just reading these...
by Twins Fan
Sat May 02, 2015 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: Everyone is saying to get out of Bond Funds? Ignore?
Replies: 41
Views: 4931

Re: Everyone is saying to get out of Bond Funds? Ignore?

I like to listen to the financial people that say, if predicting the stock market movements is almost impossible, predicting interest rate changes is even more so. :happy The bond/bond fund scare has been going on for years now and nothing terrible has happened yet. There were actually times in the ...
by Twins Fan
Sat May 02, 2015 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Power of attorney
Replies: 52
Views: 2252

Re: Power of attorney

Do you need a POA between spouses? I don't know that's why I ask. I figured they were able to act on behalf of each other. I guess I'm also assuming all joint accounts and assets. Maybe if those are all separate it's needed?
by Twins Fan
Sat May 02, 2015 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Questions about buying house process
Replies: 16
Views: 1173

Re: Questions about buying house process

If the seller and their reps don't show up to closing,.... well, you don't have a house and start looking for another one. There's probably some civil/contract issues you could pursue if wanted. But really, it's not worth stressing out a ton about the other half which you have no control over anyway...
by Twins Fan
Sat May 02, 2015 11:32 am
Forum: Personal Finance (Not Investing)
Topic: 0% Interest Car Loan
Replies: 24
Views: 1929

Re: 0% Interest Car Loan

I also would have to think they don't give out the 0% loans for free, so to speak. They get their money somehow and that is probably charging a bit higher price for the vehicle. I don't know that for sure, just my take on it. But, the OP situation doesn't make sense to me anyway. If they keep the da...
by Twins Fan
Sat May 02, 2015 11:13 am
Forum: Investing - Help with Personal Investments
Topic: Invest or Pay Down Loan?
Replies: 14
Views: 937

Re: Invest or Pay Down Loan?

Thanks for the responses!! The personal loan was taken out to invest in my world private company stock program. Yikes... a $100k loan taken out to invest in one company. At least that's how I'm reading that... That's too risky and leveraged for me. Unless this is areal small part of your total port...
by Twins Fan
Wed Apr 29, 2015 4:04 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Inheritance
Replies: 34
Views: 2688

Re: Help with Inheritance

Would/could/should.... ask that other site if they guarantee you can turn this into $1.5 mil. I bet they can't... or, you shouldn't believe them if they do. None of us know what the market will do from here on... or any time really. You could make a bunch of money, it could stay flat, you could lose...
by Twins Fan
Wed Apr 29, 2015 9:40 am
Forum: Investing - Help with Personal Investments
Topic: 1 year short term investments
Replies: 14
Views: 1206

Re: 1 year short term investments

You need to put this in perspective. No offense meant, but you're talking $5k here not $500k... and a one year time frame. We're not talking a lot of money here with $5k, so it's not going to give back much no matter if it's a 1% return or 10% return and there's not enough time for compounding to k...
by Twins Fan
Mon Apr 27, 2015 9:05 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Inheritance
Replies: 34
Views: 2688

Re: Help with Inheritance

Picking a similar target retirement or lifestrategy fund at Vanguard for the Roths would be about as simple and easy as could be. Once you get to adding a taxable account, things could change as you might not want to hold a target date type fund there. Easy enough to adjust and change things when th...
by Twins Fan
Mon Apr 27, 2015 7:01 pm
Forum: Investing - Help with Personal Investments
Topic: 1 year short term investments
Replies: 14
Views: 1206

Re: 1 year short term investments

Put it in Ally Bank online savings account at 0.99% APY, or similar type account. That's about all the "investing" you should be doing with this money... I.E., you should simply be SAVING this money. You need to put this in perspective. No offense meant, but you're talking $5k here not $50...
by Twins Fan
Mon Apr 27, 2015 5:00 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable vs Prepaying Debt - 3 things to consider
Replies: 17
Views: 1584

Re: Taxable vs Prepaying Debt - 3 things to consider

I didn't check the math, but I'd say you're probably looking at it the right way no matter what. I forget where I saw it and who to give credit to, but I saw a saying one time that went something like,.... one will almost always pay taxes on gains, but they won't pay taxes on interest saved. Somethi...
by Twins Fan
Mon Apr 27, 2015 4:46 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Inheritance
Replies: 34
Views: 2688

Re: Help with Inheritance

They give out loans for college. You know that, as you took some (or, the spouse did). :D They don't give out loans for retirement. Most of us here will tell you to switch those priorities around and think of retirement savings before college savings. You mention paying off loans and then having mon...
by Twins Fan
Mon Apr 27, 2015 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Feel like I made a mistake with buying a house: appreciation
Replies: 43
Views: 4978

Re: Feel like I made a mistake with buying a house: apprecia

So if you want to maximize potential appreciation of your next home , you can be more careful at choosing location, at choosing the specific home (don't buy the fanciest home on the block, etc.), and aiming to get a bargain deal (be a tough negotiator, buy in a buyer's market not a seller's market,...
by Twins Fan
Mon Apr 27, 2015 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Does a home mortgage use Simple or Compund Interest?
Replies: 136
Views: 11990

Re: Does a home mortgage use Simple or Compund Interest?

The conclusion now is the same is it was two years ago.... there is no clear conclusion. :D
by Twins Fan
Mon Apr 27, 2015 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Feel like I made a mistake with buying a house: appreciation
Replies: 43
Views: 4978

Re: Feel like I made a mistake with buying a house: apprecia

I bought a house in 2005 that 2.5 years later was worth less than what I paid for it and worth less than I owed on it! It took about 5 years after that to get back to even. So, shut the.... :annoyed :wink: :happy So much of that is timing an location that it is not worth worrying about for a second....
by Twins Fan
Mon Apr 27, 2015 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Where to go from here with my Personal Finances?
Replies: 15
Views: 1416

Re: Where to go from here with my Personal Finances?

The '87 and '91 World Series results were?? :D :beer
by Twins Fan
Mon Apr 27, 2015 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Where to go from here with my Personal Finances?
Replies: 15
Views: 1416

Re: Where to go from here with my Personal Finances?

I get what you're thinking there, but it doesn't make sense and you're playing a losers game. To hang on to $20k, earn a small amount of interest, pay no interest on the obligation out there, and think you're winning while having a bunch of higher interest rate debt out there flapping is not winning...
by Twins Fan
Mon Apr 27, 2015 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Where to go from here with my Personal Finances?
Replies: 15
Views: 1416

Re: Where to go from here with my Personal Finances?

Is that $20k for the relocation deal half of the $40k in cash (you only have $20k free), or do you $40k and then an additional $20k on the side? Either way, it looks like you have some kind of an emergency fund in that cash. How much are you comfortable with as an EF is the next decision. I had a ti...
by Twins Fan
Mon Apr 27, 2015 11:09 am
Forum: Investing - Help with Personal Investments
Topic: Buying a home. Now what?
Replies: 5
Views: 821

Re: Buying a home. Now what?

Yep, pay off the house. No mortgage, 30 years old, no debt, and plenty to invest and save each year... you would be sitting pretty and be comfortable from here on out. :beer That's what I would do anyway. Other opinions will vary. What type of mortgage (15/30 year, fixed, ARM...) and what interest r...
by Twins Fan
Mon Apr 13, 2015 4:48 pm
Forum: Investing - Help with Personal Investments
Topic: Need advice on investing an inheritance
Replies: 35
Views: 3245

Re: Need advice on investing an inheritance

Okay... :|

[OT comment removed by admin LadyGeek]
by Twins Fan
Mon Apr 13, 2015 4:05 pm
Forum: Investing - Help with Personal Investments
Topic: Need advice on investing an inheritance
Replies: 35
Views: 3245

Re: Need advice on investing an inheritance

You can disagree all you want, but facts are facts. The OPs home is worth 3 or 4 times what they owe on it now, they can pay off the mortgage to make being "underwater" all but impossible, and still have money left to put in savings after paying off the mortgage... in addition to what they...
by Twins Fan
Mon Apr 13, 2015 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Need tax breaks for this year?
Replies: 19
Views: 1170

Re: Need tax breaks for this year?

Here, mess around with this calculator... https://turbotax.intuit.com/tax-tools/calculators/taxcaster/# Do some trial runs as head of household and as single. That will give you an idea of what the difference will be. Running some very rough guesstimate numbers for your situation, there was about a ...
by Twins Fan
Mon Apr 13, 2015 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Need tax breaks for this year?
Replies: 19
Views: 1170

Re: Need tax breaks for this year?

Okay, here's the deal.... taking out loans to live off of to try and lower your tax burden a little bit is bad! Plain and simple. If you need to do that to increase your 401k contributions, you're not ready to increase your 401k contributions. From the sounds of it, you should not be contributing an...
by Twins Fan
Mon Apr 13, 2015 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Need tax breaks for this year?
Replies: 19
Views: 1170

Re: Need tax breaks for this year?

brucesprings wrote:I am sorry 2.75 % on the 7 year ARM. Why I thought of 7 year ARM was at 7 years I will be almost be 64 and probably at that point looking to move.


Gotcha, that makes more sense. If you really think you will be moving and/or selling then, a 7 year ARM might be a very reasonable choice.
by Twins Fan
Mon Apr 13, 2015 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Need tax breaks for this year?
Replies: 19
Views: 1170

Re: Need tax breaks for this year?

I don't necessarily see anything wrong with wanting to lock in a low rate if you don't like the HELOC. Your property taxes look to be about $6k a year, so that just about fills up the standard deduction amount there. You would be able to get the tax benefit of the mortgage interest deduction. Althou...

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