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Re: Maxing your IRA or 401k at the beginning of the year?

If my company did a catch up contribution for the company match, I would absolutely front load my 401k contributions...they don't, so i dont. My rIRA gets chunked in on the first possible day of the year, usually around January 4th.
by WHL
Tue Sep 30, 2014 2:18 am
 
Forum: Investing - Help with Personal Investments
Topic: Maxing your IRA or 401k at the beginning of the year?
Replies: 11
Views: 836

Re: What is your rebalancing policy?

I don't have a written IPS. I rebalance in early January while I'm waiting for my annual Roth IRA contribution to make its way to Vanguard. I try to do it with my IRA contribution and by adjusting my 401k contributions. 2014 was the first year i had to actually make changes in my tIRA to compensate ...
by WHL
Mon Sep 29, 2014 8:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: What is your rebalancing policy?
Replies: 63
Views: 5875

Re: How Long Should I Keep My Car?

I have a 2000 Nissan Quest with only 95K miles (original owner). I am thinking to drive it for 5 more years. I think I just have it "over-repaired", unnecessarily have the brakes, brake fluid, and brake disks replaced, costed me $970. (Sometimes I felt difficult to reject the mechanics' o...
by WHL
Mon Sep 29, 2014 2:32 pm
 
Forum: Personal Consumer Issues
Topic: How Long Should I Keep My Car?
Replies: 39
Views: 2492

Re: POLL: Would you rather work half as long or half as ofte

Did not expect to see those poll results. That's an easy question for me - I'd prefer to keep going HAM right now while I'm young and capable and quit early. Damn it would be nice to be done in 14 years!
by WHL
Mon Sep 29, 2014 2:25 pm
 
Forum: Personal Consumer Issues
Topic: POLL: Would you rather work half as long or half as often?
Replies: 68
Views: 3875

Re: How can I stop feeling depressed about my finances?

I make more than two times your salary and still have the same feelings you do. It's easy to say from my side of the fence, but money isn't everything, and it could all be taken away from me at any time. Focus on getting your career going. Even if it isn't directly related to your education, you hav...
by WHL
Mon Sep 29, 2014 2:22 pm
 
Forum: Personal Consumer Issues
Topic: How can I stop feeling depressed about my finances?
Replies: 93
Views: 6006

Re: How much excess 401k contribution is reportable to the I

Tx for the replies. LadyGeek, I'm don't even understand why you are throwing out the dishonesty card when I was seriously just bringing up something (the $10 point) that I thought was the way to handle it. Now I see that even if you don't receive a 1099, you are still responsible for reporting the ...
by WHL
Mon Sep 29, 2014 9:02 am
 
Forum: Personal Finance (Not Investing)
Topic: How much excess 401k contribution is reportable to the IRS
Replies: 8
Views: 667

Re: How Long Should I Keep My Car?

My 2005 truck has 170k miles on it and has given me very few issues. Last issue that stopped me from driving was in 2008 :happy Park - Just curious. What would happen if you broke your leg one day at home and could not go to work the next day? What is so unique about your work? :?: Still waiting to ...
by WHL
Sun Sep 28, 2014 7:06 pm
 
Forum: Personal Consumer Issues
Topic: How Long Should I Keep My Car?
Replies: 39
Views: 2492

Re: Too many houses?

I wouldn't sell any of them. You seem to be doing well, making positive cash flow off of the two rentals, and enjoying the vacation house when possible.

You don't give much of a picture of your overall financial situation, so as long as everything else is doing alright, I'd keep on trucking.
by WHL
Sun Sep 28, 2014 3:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Too many houses?
Replies: 23
Views: 3600

Re: Almost 2 year checkup + 401k ?

Excellent job overall. My only real question is regarding the 401k. My company offers a Roth 401k option. Without my 17.5k t401k contribution, I would be in the 28% federal bracket. Is it worth paying the higher tax rate to switch to the Roth 401k option? Stick with the traditional 401k. "The ...
by WHL
Sun Sep 28, 2014 2:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Almost 2 year checkup + 401k ?
Replies: 6
Views: 944

Re: Almost 2 year checkup + 401k ?

My only real question is regarding the 401k. My company offers a Roth 401k option. Without my 17.5k t401k contribution, I would be in the 28% federal bracket. Is it worth paying the higher tax rate to switch to the Roth 401k option? I would be making Traditional 401(k) contributions for sure so lon...
by WHL
Sun Sep 28, 2014 2:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Almost 2 year checkup + 401k ?
Replies: 6
Views: 944

Re: Credit Card Rewards for Student

Just make sure you pay them off completely at the end of each month. You should find an hour or two a week to look into current credit card sign up offers. The amount available out there is definitely worth your time. Figure out what airline you prefer to fly, and get a card for each of you. Then mo...
by WHL
Wed Sep 24, 2014 2:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit Card Rewards for Student
Replies: 7
Views: 343

Re: Am I being scammed? Wolf range hood, defective delivery

If you paid for it with a credit card than dispute the charge immediately. That really get's people's attention. Take lots of pictures too. Absolutely do not do this, TS. A dispute is a serious matter and if you want to have any chance of resolving this amicably with the store, you need to stay som...
by WHL
Sat Sep 20, 2014 10:21 am
 
Forum: Personal Consumer Issues
Topic: Am I being scammed? Wolf range hood, defective delivery
Replies: 16
Views: 1768

Re: Repair/maintain the BMW or get a new car?

I'll mention it regardless of your perception of not being a DIY'er - you should learn how to do these basic maintenances yourself. Oil, brakes, transmission fluid, etc. are not complicated repairs. A 20 dollar Haynes or chiltons manual and an hour watching videos on YouTube is really all of the pre...
by WHL
Wed Sep 17, 2014 3:21 am
 
Forum: Personal Consumer Issues
Topic: Repair/maintain the BMW or get a new car?
Replies: 24
Views: 2187

Re: advice on my credit card strategy ?

Chase partners with Korean air, which is an alliance partner with delta, so you can still take rewards flight on delta. Not the most convenient, but it's still an option. If you will use the miles from the delta Amex, get it. That's a pretty clear choice. Will the elite mileage bonus benefit you? If...
by WHL
Tue Sep 16, 2014 7:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: advice on my credit card strategy ?
Replies: 6
Views: 904

Re: I/EE Bonds Nov Rates and 2015 401K Limits?

Hopefully this helps subsequent visitors to this thread. The raw, unrounded figure under the 401(k) law rose to $17,820 for 2014 [but the law requires the IRS to round down to the nearest $500, i.e. $17,500] , so it is almost assured that the 401(k) limit will increase to $18k for 2015 as it would ...
by WHL
Mon Sep 15, 2014 7:16 am
 
Forum: Personal Finance (Not Investing)
Topic: I/EE Bonds Nov Rates and 2015 401K Limits?
Replies: 20
Views: 2366

Re: I/EE Bonds Nov Rates and 2015 401K Limits?

The raw, unrounded figure under the 401(k) law rose to $17,820 for 2014, so it is almost assured that the 401(k) limit will increase to $18k for 2015 as it would only require an annual COLA increase of 1.01%. Care to elaborate on this? Perhaps you missed the "raw, unrounded" part. I didnt...
by WHL
Mon Sep 15, 2014 12:58 am
 
Forum: Personal Finance (Not Investing)
Topic: I/EE Bonds Nov Rates and 2015 401K Limits?
Replies: 20
Views: 2366

Re: I/EE Bonds Nov Rates and 2015 401K Limits?

The raw, unrounded figure under the 401(k) law rose to $17,820 for 2014, so it is almost assured that the 401(k) limit will increase to $18k for 2015 as it would only require an annual COLA increase of 1.01%. Care to elaborate on this? http://www.irs.gov/uac/IRS-Announces-2014-Pension-Plan-Limitati...
by WHL
Mon Sep 15, 2014 12:19 am
 
Forum: Personal Finance (Not Investing)
Topic: I/EE Bonds Nov Rates and 2015 401K Limits?
Replies: 20
Views: 2366

Re: A 'really good book' you did NOT enjoy

The Road. Could it be any slower?

The hobbit.
by WHL
Sun Sep 14, 2014 4:32 pm
 
Forum: Personal Consumer Issues
Topic: A 'really good book' you did NOT enjoy
Replies: 226
Views: 10982

Re: Need advice on which tablet to buy

Love my iPad mini retina but it was more than double your price requirement.
by WHL
Fri Sep 12, 2014 6:25 pm
 
Forum: Personal Consumer Issues
Topic: Need advice on which tablet to buy
Replies: 44
Views: 2583

Almost 2 year checkup + 401k ?

Emergency funds: Plenty Debt: No debt, CC's paid off monthly Tax Filing Status: Single Tax Rate: 28% federal (25% bracket with my current t401k contributions) State of Residence: WA & TX Age: 33 Desired Asset allocation: 50/25/25 (US / INT / BOND) Desired International allocation: ^ Current ret...
by WHL
Fri Sep 12, 2014 5:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Almost 2 year checkup + 401k ?
Replies: 6
Views: 944

Re: Help: do I need to transfer out of this SVF ?

I have a novel idea... Why don't you ask the plan administrator or your MetLife representative what the ramifications really are? I don't think any of us have the documents necessary to give you cogent advice. Just for your education, I know more about my companies 401k plan than both our plan admi...
by WHL
Fri Sep 05, 2014 8:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help: do I need to transfer out of this SVF ?
Replies: 9
Views: 621

Re: POLL: Breaking up with advisor

Doesn't apply to me, but I got all of my parents money away from Edward jones and into vanguard late last year / early this year. We're very happy with the move. It wasn't hard for me, obviously, but once I showed my mom the reasons to move and the ridiculous amount of lost money over the bull run w...
by WHL
Mon Aug 18, 2014 9:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: POLL: Breaking up with advisor
Replies: 47
Views: 3155

Re: Repair or replace old Taurus?

Personally, I wouldn't fix the car at this point. I'd just let it go. However, have you looked into the possibility of just dropping another engine into it instead. Depending upon the specs of which engine you have, used 98 Vulcan engines with around 90K miles on them are around $800-$1,100 includi...
by WHL
Sat Jul 19, 2014 1:10 am
 
Forum: Personal Consumer Issues
Topic: Repair or replace old Taurus?
Replies: 32
Views: 2875

Re: Repair or replace old Taurus?

I wished people who stop repeating the "safety" thing like cars from 2005 are just spontanously combusting on the roads. Cars are safe. Yes, some score higher but there is nothing wrong with driving a 2000 model of most cars. You won't be suddenly ejected from the driver's seat like you w...
by WHL
Sat Jul 19, 2014 1:08 am
 
Forum: Personal Consumer Issues
Topic: Repair or replace old Taurus?
Replies: 32
Views: 2875

Re: Moving from Edward Jones to Vanguard

Why do you have so much in taxable? Are you maxing available retirement accounts? I'd just take the plunge and rid myself of the bad investments.
by WHL
Sat Jul 19, 2014 12:25 am
 
Forum: Investing - Help with Personal Investments
Topic: Moving from Edward Jones to Vanguard
Replies: 9
Views: 1213

Re: Reasons to go with a local vs national mortgage lender?

retiredjg wrote:...You will fax them information...


One quick question here...I don't fax anything. Do they require fax for some documents, or is email sufficient? I'm not going to do business with someone still prominently utilizing fax machines.
by WHL
Sat Jun 21, 2014 6:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Reasons to go with a local vs national mortgage lender?
Replies: 24
Views: 1110

Re: Reasons to go with a local vs national mortgage lender?

Whatever you do, DON'T USE PENFED! I'm currently using PenFed and it is like pulling teeth. Actually, pulling teeth may be less stressful.... Duuuuuuuude, WTH? I applied with them this morning and was approved, pending verification of documents, of course. They have the best no points rate I could ...
by WHL
Sat Jun 21, 2014 5:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Reasons to go with a local vs national mortgage lender?
Replies: 24
Views: 1110

Re: Reasons to go with a local vs national mortgage lender?

As with being a consumer of anything, you should do the research and challenge any suspicious or excessive line item in your loan closing documents. This is regardless of whether the lender is local or national. I also wondered how quickly your agent followed up with a list of recommended local len...
by WHL
Sat Jun 21, 2014 5:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Reasons to go with a local vs national mortgage lender?
Replies: 24
Views: 1110

Re: Reasons to go with a local vs national mortgage lender?

Your real estate agent likely has local contacts they might get perks or kick backs from also. Don't forget where their interest really is. For sure - this is why I am skeptical and haven't considered using them in the past, and why I didn't use the dealerships financing when I bought my last vehic...
by WHL
Sat Jun 21, 2014 2:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Reasons to go with a local vs national mortgage lender?
Replies: 24
Views: 1110

Re: Reasons to go with a local vs national mortgage lender?

My experiences are that the local lender cost me money. We used a mortgage broker after shopping around for our first loan. Later when internet loans came out, she was going to cost us a few thousand dollars more to refinance and would not budge. My advice is to shop around and don't believe what a...
by WHL
Sat Jun 21, 2014 1:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Reasons to go with a local vs national mortgage lender?
Replies: 24
Views: 1110

Re: Job loss

On the way wrote:Thanks WHL,

It's what they add up to, obviously I will have to go through to look at necessities versus wants.


Your explanation / details would be helpful. One, to potentially help you, and two, to not get in the same predicament myself (if it's something avoidable!).
by WHL
Sat Jun 21, 2014 1:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Job loss
Replies: 40
Views: 2538

Re: Have you used Vanguard for this?

Elaborate on what you mean by "income." If you want interest and dividend payments, put your money into the typical 3-fund portfolio and don't have dividends reinvested. Boom, you just created income from your IRA. I doubt Vanguard is going to lead you to some sort of "purchase real e...
by WHL
Sat Jun 21, 2014 1:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Have you used Vanguard for this?
Replies: 3
Views: 824

Re: Job loss

I realize this isn't what your post asked, but I have a question...how do you have 65k a year in expenses with only a 137k mortgage? It would be a huge benefit if you could knock those expenses WAY down...
by WHL
Sat Jun 21, 2014 1:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Job loss
Replies: 40
Views: 2538

Re: Should I sell from taxable to help with house down payme

Just sounds like a little buyer's remorse showing up before the buy. It can be quite nerve wracking parting with a bunch of cash and taking on a debt like that. Don't worry, it passes. What was the savings account for... down payment on a home? Then good job, go forth and buy a home! :) Looks like ...
by WHL
Sat Jun 21, 2014 1:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I sell from taxable to help with house down payment?
Replies: 5
Views: 375

Reasons to go with a local vs national mortgage lender?

The real estate agent told me that the local lender has knowledge of the local market and requirements and could potentially save me money by not requiring certain things that aren't necessary per my local government that the national lender may not know about. Obviously, the appeal to a huge nation...
by WHL
Sat Jun 21, 2014 1:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Reasons to go with a local vs national mortgage lender?
Replies: 24
Views: 1110

Re: Should I sell from taxable to help with house down payme

What is the cash flow, now and then? How fast are you building your taxable account, now and then? Your rent is $1200 and your mortgage is $1200 but the roommate will be paying $600 is one story. Your rent is $500 and your mortgage is $2000 but the roommate will be paying $600 is another. Do you ha...
by WHL
Sat Jun 21, 2014 12:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I sell from taxable to help with house down payment?
Replies: 5
Views: 375

Should I sell from taxable to help with house down payment?

Question & Information: I'm planning on purchasing a house in the $140-170k range in the next month (loan application has been submitted). I have roughly 50k cash in savings - 30k is in my normal savings account, 20k is in my "new vehicle fund" savings account. I also have $26k in my ...
by WHL
Sat Jun 21, 2014 11:35 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I sell from taxable to help with house down payment?
Replies: 5
Views: 375

Re: Next steps after 401k/Roth IRA max

If you have a HSA I'd recommend you max that next. It's essentially an IRA that never gets taxed if you spend on medical expenses. From there, I'd recommend a combination of 529 and increasing after tax 401k contributions. Many here will tell you to go all in on the 401k after tax, but in my view y...
by WHL
Tue Jun 17, 2014 8:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Next steps after 401k/Roth IRA max
Replies: 7
Views: 848

Re: Talk me out of buying a Porsche Convertible. DISASTER!!!

UPDATE!!! "...in the auto world you do not ever change oil without changing the filter..." I don't know anything about Porsches, but with the various Honda's I have owned (Pilot, Civic Si, CRV, Shadow Spirit motorcycle) and with my Raider S motorcycle, the owner's manuals all say to chang...
by WHL
Sun Jun 15, 2014 2:16 pm
 
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Porsche Convertible. DISASTER!!!
Replies: 45
Views: 6682

Re: Geico? No, thank you...

lol. I just decided to run a check through Geico. Their rate of $201 / 6 months was less than the $298 / 6 months Progressive had been giving me, so I JUST switched.

Thanks for the motovation :)
by WHL
Sat Jun 14, 2014 8:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Geico? No, thank you...
Replies: 49
Views: 5524

Re: Geico? No, thank you...

Not their fault you didn't provide completely accurate information. I'd hardly call it a bait and switch.
by WHL
Sat Jun 14, 2014 7:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Geico? No, thank you...
Replies: 49
Views: 5524

Re: Budget for charitable giving

My budgeted amount for charity donation is $0.00. I somewhat recently donated $20 to an small, unaffiliated wildlife center that takes in rescued animals. If I find the right organization, I have no problem giving a few dollars. I hope that $0.00 policy is because you have no money. Not that I wish...
by WHL
Sun Jun 08, 2014 11:39 am
 
Forum: Personal Consumer Issues
Topic: Budget for charitable giving
Replies: 39
Views: 2647

Re: Purchasing property for student

Do you have other kids coming up that could use the property? Does your kid have friends that could guarantee that the house would be "fully occupied" to recoup as much of your money as possible? Besides those two questions, there are many many things that would factor in to this - locatio...
by WHL
Thu Jun 05, 2014 8:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Purchasing property for student
Replies: 13
Views: 1137

Re: Silly to trade in new car for used?

Keep it, make sacrifices somewhere else in your budget, and pay off all of the debt. Learn how to do the maintenance on the car yourself and be proactive with it. Drive the car until its ~20 years old. Don't shoot yourself in the foot now by getting rid of a good, reliable car and taking it in the w...
by WHL
Thu Jun 05, 2014 10:52 am
 
Forum: Personal Finance (Not Investing)
Topic: Silly to trade in new car for used?
Replies: 18
Views: 1342

Re: Retirement vs. Non-retirement stash

25k in a taxable Vanguard account

250k between my Roth / tIRA / 401k accounts

50k in savings that I don't consider

20k in i-bonds and other "investments" that I don't often consider

so, I'm comfortable saying 1:10 :)
by WHL
Thu Jun 05, 2014 10:48 am
 
Forum: Personal Finance (Not Investing)
Topic: Retirement vs. Non-retirement stash
Replies: 37
Views: 2327

Re: Bad Advice from Schwab re "Mega Backdoor Roth IRA?"

My company doesn't allow for after-tax 401k contributions :( It's $17,500, either traditional or roth. Booooooo.
by WHL
Thu Jun 05, 2014 10:44 am
 
Forum: Investing - Help with Personal Investments
Topic: Bad Advice from Schwab re "Mega Backdoor Roth IRA?"
Replies: 54
Views: 5505

Re: What would you do with gold coins?

Nobody's mentioned risk: risk the coins will be stolen. The transaction and holding costs of physical gold are huge. So if you like gold as 'money', get GLD (the gold trust), not actual coins. If you like gold because it's shiny, thnk twice about where you keep them. No. Just, NO. Anyone who is int...
by WHL
Thu Jun 05, 2014 10:40 am
 
Forum: Investing - Help with Personal Investments
Topic: What would you do with gold coins?
Replies: 25
Views: 1604

Re: Do Bogleheads Offer to Pay Cash for Services?

Actually it is. When you pay a contractor (or a supplier who delivered materials to your site) in cash, with no receipt and no lien release, you are wide open for them to file a workmen's lien and you have no way to get it removed. I assume the "cash discount" will disappear if the record...
by WHL
Sun Jun 01, 2014 5:28 pm
 
Forum: Personal Consumer Issues
Topic: Do Bogleheads Offer to Pay Cash for Services?
Replies: 26
Views: 1972

Re: Worst "Large purchase" ever?

in 2000 I bought a 1997 Nissan Maxima GXE with an automatic transmission. I was 19 and had done a lot of research on what I wanted. I was really into the import car scene but didn't want Honda or Acura like everyone else. I bought, modified, and ran the hell out of that car for less than a year unti...
by WHL
Sun Jun 01, 2014 5:16 pm
 
Forum: Personal Consumer Issues
Topic: Worst "Large purchase" ever?
Replies: 110
Views: 11904
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