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Re: Buy a 30 and 20 term policy at the same time?

dhodson wrote:I hate it when I have to agree with the agents but I'm going with BS as well. :greedy



BS on what?
by berg
Tue Sep 02, 2014 3:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buy a 30 and 20 term policy at the same time?
Replies: 12
Views: 604

Re: Buy a 30 and 20 term policy at the same time?

I personally know this broker and he knows I don't want whole. He even said that.

He just said he had gotten policies for people with my exact condition before and had gotten better ratings than the other companies were giving me.
by berg
Tue Sep 02, 2014 3:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buy a 30 and 20 term policy at the same time?
Replies: 12
Views: 604

Buy a 30 and 20 term policy at the same time?

I'm talking to a broker at Northwestern Mutual about term life insurance for myself and my wife. I'm 31 and she is 29. Based on research, I'm looking at $1.5MM for myself and $1MM for my wife. I'm looking at 30 year term policies. Northwestern Mutual only offers 20 year policies. He said when he was...
by berg
Tue Sep 02, 2014 10:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Buy a 30 and 20 term policy at the same time?
Replies: 12
Views: 604

Pay more for term you can convert? Prudential vs. Banner

Was just speaking to a rep about 30 year term policies. He said Prudential might be $50 more per year vs. Banner Life, but was recommending them because they at least have the option to convert to whole at the end of the policy and Banner doesn't. I know the general consensus is term only around her...
by berg
Fri Aug 29, 2014 11:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Pay more for term you can convert? Prudential vs. Banner
Replies: 4
Views: 361

Re: Raise deductible after an insurance claim?

I just talked to my agent. It's $200 cheaper to go with a $2500 deductible vs. a $1000 deductible. Sound like it's worth it? Those are the types of quotes that caused me to take the 2500 deductible vs the 5000 or 10,000 deductible. I never thought I was getting a decent discount for the higher dedu...
by berg
Wed Aug 27, 2014 5:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Raise deductible after an insurance claim?
Replies: 8
Views: 442

Re: Raise deductible after an insurance claim?

I just talked to my agent. It's $200 cheaper to go with a $2500 deductible vs. a $1000 deductible. Sound like it's worth it?
by berg
Wed Aug 27, 2014 1:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Raise deductible after an insurance claim?
Replies: 8
Views: 442

Re: Term Life Insurance Help

I think what is driving me nuts about deciding on insurance is it seems there is no general consensus. I often find by doing research I can land in a pretty good spot, but I'm really having trouble deciding on the amount and I guess as some have suggested the term (20 vs. 30), though given my health...
by berg
Wed Aug 27, 2014 11:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance Help
Replies: 16
Views: 704

Re: Raise deductible after an insurance claim?

I'm in home insurance mode right now so I will give you my humble opinion. An insurance company will drop you for too many claims. I am not sure how they figure a claim on the house prior to your policy other than pricing that in. I treat my home insurance like insurance, not a bank. Meaning that I...
by berg
Wed Aug 27, 2014 9:55 am
 
Forum: Personal Finance (Not Investing)
Topic: Raise deductible after an insurance claim?
Replies: 8
Views: 442

Raise deductible after an insurance claim?

I'm renewing my insurance after we had a claim this year and I'm wondering fi I want to raise the deductible. My home had one claim in February 2011 before I moved in and now we had an unrelated claim in in December 2013. This makes two claims in the last four years on this property. My current dedu...
by berg
Wed Aug 27, 2014 9:05 am
 
Forum: Personal Finance (Not Investing)
Topic: Raise deductible after an insurance claim?
Replies: 8
Views: 442

Re: Term Life Insurance Help

Have you and your wife asked about buying life insurance through your companies? I have the impression that would be the lowest cost. Be sure that you can continue the insurance at the same price if/when you leave that employer. As far as the amount of insurance, I would think you don't have to wor...
by berg
Tue Aug 26, 2014 1:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance Help
Replies: 16
Views: 704

Re: Term Life Insurance Help

Preventing catastrophe would be putting three kids through college and paying for house. You might need more than 1MM.... Have you read this: http://www.slate.com/blogs/moneybox/2014/08/18/the_cost_of_raising_a_child_245_000_according_to_the_government.html I guess I wasn't considering not being ab...
by berg
Tue Aug 26, 2014 12:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance Help
Replies: 16
Views: 704

Term Life Insurance Help

Just became a father and I am shopping term life insurance for my wife and I. Trying to figure out how much insurance to buy. I am 31 and my wife is 29. For reference, with salary and bonus only, I make around $150k per year. My wife makes around $68k per year (and is a teacher with summers off and ...
by berg
Tue Aug 26, 2014 12:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance Help
Replies: 16
Views: 704

Re: 3.85% medicare tax?

kaneohe wrote:no interest?


Ah, great point. I will have some interest from savings accounts, but maybe $1000. I guess I was just surprised I could be taxes on a few thousand of $150k, so wanted to make sure I understood correctly. Seems like if someone had no interest or dividends, they could get screwed.
by berg
Fri Aug 22, 2014 4:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: 3.85% medicare tax?
Replies: 6
Views: 708

3.85% medicare tax?

I'm trying to understand how this tax works as I'm exercising some stock options. From what I can tell, as a married filer, I will owe an additional 3.8% on the lesser of my investment income or the amount my MAGI is over $250k. In my example, I estimate our MAGI to be around $400k, but I only have ...
by berg
Fri Aug 22, 2014 3:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: 3.85% medicare tax?
Replies: 6
Views: 708

Riders for home insurance?

Considering adding a rider to my policy for $65 for sump pump/sewer back up.

The rep also told me common riders are Fraud Expense Coverage and Special Computer Coverage.

Any of these or others I should be considering?

Thanks!
by berg
Wed Aug 20, 2014 10:13 am
 
Forum: Personal Finance (Not Investing)
Topic: Riders for home insurance?
Replies: 3
Views: 280

Thoughts on USAA?

Liberty Mutual hiked my insurance 54% this year and I'm looking into alternative options. My father served in the army, but has never used USAA, so in order for me to even get a quote he would need to start a policy. He would just need a renters insurance policy for his studio apartment. So likely l...
by berg
Mon Aug 18, 2014 11:52 am
 
Forum: Personal Finance (Not Investing)
Topic: Thoughts on USAA?
Replies: 24
Views: 1968

Re: Asset Allocation Check-in for Early 30's

Not much to add, it appears you are well on your way. As you mentioned the stock options seem a little high but as you increase your other investments that percentage should go down so I wouldn't do anything too drastic. Only other thing you might have a little too much tied up in CDs especially if...
by berg
Mon Aug 11, 2014 11:57 am
 
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation Check-in for Early 30's
Replies: 2
Views: 675

Asset Allocation Check-in for Early 30's

I'm looking for a some insight to my current overall asset allocation. Any thoughts would be appreciated. I'm 31 and my wife is 28 with our first baby due any day now (another post might be about life insurance soon). For investments our current AA is 88/12, though shifting slowly with a goal to be ...
by berg
Sat Aug 09, 2014 11:38 am
 
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation Check-in for Early 30's
Replies: 2
Views: 675

Re: Holding options close to expiration?

Either way, the outcomes seem very close to me. Am I making any major assumptions incorrect here? I used what I thought was a large gain to exaggerate the effects of the option increasing, but it seemed to make little difference. Yes, you are correct for the scenario you stated. The effect of lever...
by berg
Mon May 26, 2014 11:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Holding options close to expiration?
Replies: 8
Views: 468

Re: Holding options close to expiration?

The other factor in my decision is that if I were to sell all my options, it will push me to the 39.6% federal bracket. Would it be worth selling up to that bracket this year to try to reduce taxes, even if I want to then hold the stock longer, I've at least spread the pain of the income tax. Also, ...
by berg
Mon May 26, 2014 10:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Holding options close to expiration?
Replies: 8
Views: 468

Re: Holding options close to expiration?

For example, I have a options that expire in 2018. Is there any strategic difference besides taxes between exercising now and holding the actual stock until 2018 and not exercising until 2018? If it is the tax hit upfront, aren't I better to exercise now and pay the tax rate on the capital gains in...
by berg
Mon May 26, 2014 10:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Holding options close to expiration?
Replies: 8
Views: 468

Holding options close to expiration?

From what I have read, when it comes to NQSO, the basic advice is to hold close to expiration, which at least in an academic sense makes sense to me. :happy However, the way my NQSO are set up in Fidelity, when I sell, I sell shares to cover the taxes in a cashless sale. I know that once I have exer...
by berg
Mon May 26, 2014 3:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Holding options close to expiration?
Replies: 8
Views: 468

Experience saving a big down payment? ($200k+)

Would love to hear from those of you who already did this. How you did it, how you stored the assets, etc. For reference, I'm 31 and my wife is 28. We own a home worth about $500k with $150k in equity. We are saving for a larger home someday (3 to 5 years) or a addition to our current home. We max o...
by berg
Sun Apr 06, 2014 12:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Experience saving a big down payment? ($200k+)
Replies: 5
Views: 859

Re: Healthcare HSA Option with Pregnant Wife?

Is the HSA deductible per person or per family? (Mine has both a individual and a family deductible.) If it is per person, there would be a possibility of some stuff being billed under your wife and some under the baby. That is a great point. It is $1250 per person, with a $2500 family max. I hadn'...
by berg
Wed Mar 26, 2014 6:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Healthcare HSA Option with Pregnant Wife?
Replies: 6
Views: 625

Healthcare HSA Option with Pregnant Wife?

My wife's insurance plan changes on July 1st. My company goes Jan. 1 to Dec 31st. This qualifies her to change her own plan or join mine on July 1st (as well as give me the option to switch mine on July 1st). She is due to have our first baby in August. I've been running the numbers to try to see wh...
by berg
Tue Mar 25, 2014 6:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Healthcare HSA Option with Pregnant Wife?
Replies: 6
Views: 625

Re: Any experience pricing yourself out of a neighborhood?

I just hope you don't turn yours into a monster house out of size scale with the other houses in the neighborhood. The last neighborhood I lived in had that happen. I thought my present neighborhood had escaped this, but there's a completely out of scale house like a blight on the landscape a coupl...
by berg
Sun Mar 23, 2014 9:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Any experience pricing yourself out of a neighborhood?
Replies: 15
Views: 2698

Re: Any experience pricing yourself out of a neighborhood?

Why not buy one of the large homes in your neighborhood now? Certainly if one came for sale in the time frame we were interested in, we would strongly consider this. Again, hard to say given we are a few years out... Does maintaining our 3.75% mortgage rate factor in at any point vs. a rate in a fe...
by berg
Sat Mar 22, 2014 2:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Any experience pricing yourself out of a neighborhood?
Replies: 15
Views: 2698

Any experience pricing yourself out of a neighborhood?

I'm wondering if anyone here has "priced themselves out of a neighborhood" through an addition and home renovations and how it ended up working out for them. From a purely financial standpoint, I think with the time comes for us to have a bigger home, it would make more sense to move. But ...
by berg
Sat Mar 22, 2014 1:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Any experience pricing yourself out of a neighborhood?
Replies: 15
Views: 2698

Re: Invest in taxable opposite weeks of non-taxable?

I didn't mention IRA's because I max those out at the beginning of the year.

I do get you should invest right away, but I'm still new to my taxable portfolio and sort of DCA'ing my way in to the process.
by berg
Tue Mar 04, 2014 1:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Invest in taxable opposite weeks of non-taxable?
Replies: 10
Views: 392

Invest in taxable opposite weeks of non-taxable?

Probably just over thinking here, but wonder what the brain trust thought of this strategy. I contribute every other Friday on payday (26 weeks a year) to my 401k and my wife to her 403b. I also contribute to a taxable account on this day. What if I contributed to the taxable on the other Friday. Th...
by berg
Tue Mar 04, 2014 11:22 am
 
Forum: Investing - Help with Personal Investments
Topic: Invest in taxable opposite weeks of non-taxable?
Replies: 10
Views: 392

Re: Options & Taxes

Is your strike price really zero? If it is, your math is correct - $100*(1-.33) is equal to $111*(1-.396) But I seem to remember from another thread your strike is $20 In which case your math is flawed, you only pay taxes on the spread not the sale price Ah, good point. I have some around 20 and so...
by berg
Mon Mar 03, 2014 10:37 am
 
Forum: Investing - Help with Personal Investments
Topic: Options & Taxes
Replies: 5
Views: 354

Options & Taxes

As part of my options strategy, I'm trying to consider taxes. Wondering if my math here makes sense. I'm considering selling a portion of stock that will keep me in the 33% tax bracket, but not put me much higher. So for the sake of argument, let's say the stock price is $100. If I wait and end up s...
by berg
Fri Feb 28, 2014 6:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Options & Taxes
Replies: 5
Views: 354

Re: Which options to exercise?

Another variable to add to the mix. My company switched from offering options to RSU's. With RSU's, it is no question for me, when they vest, I cash out and add to my normal asset allocation. Given that more options might not be coming my way, perhaps yet another reason to hold off on the sale?
by berg
Thu Feb 27, 2014 11:14 am
 
Forum: Investing - Help with Personal Investments
Topic: Which options to exercise?
Replies: 18
Views: 1294

Re: Which options to exercise?

That is a great point, since I would want the same amount. The reason I'm so conflicted is the stock has done quite well, and even after taxes the portion that I'm eligible to exercise represents about 40% of my net worth (cash, investments, retirement), and about 34% if you include home equity. At...
by berg
Wed Feb 26, 2014 10:59 am
 
Forum: Investing - Help with Personal Investments
Topic: Which options to exercise?
Replies: 18
Views: 1294

Re: Which options to exercise?

That is a great point, since I would want the same amount. The reason I'm so conflicted is the stock has done quite well, and even after taxes the portion that I'm eligible to exercise represents about 40% of my net worth (cash, investments, retirement), and about 34% if you include home equity. At ...
by berg
Wed Feb 26, 2014 12:33 am
 
Forum: Investing - Help with Personal Investments
Topic: Which options to exercise?
Replies: 18
Views: 1294

Which options to exercise?

I'm considering exercising a portion of my in the money options. I have two sets, one expires in 2018, the other in 2022. The 2018 price is around $20 per share, the 2022 is set is around $40 per share. The stock is trading close around $90. If I had to predict, it is unlikely I will wait until the ...
by berg
Tue Feb 25, 2014 11:01 am
 
Forum: Investing - Help with Personal Investments
Topic: Which options to exercise?
Replies: 18
Views: 1294

Re: Thoughts on my glidepath

There's a lot of "I" "my" and "me" in there. Do you consider your portfolio separate from your wife's? Or, are you talking about all accounts you and the wife have as one? All as one. Ours. :D And while I discuss these choices with her, she allows me to drive the resea...
by berg
Thu Feb 06, 2014 3:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Thoughts on my glidepath
Replies: 9
Views: 802

Thoughts on my glidepath

I'm 30 and my wife is 28. My wife is a public school teacher and pays 11% into a pension system (in addition to us maxing out 401k/403b and Backdoor Roths). With her current pension she will retire with 80% of her top three highest earning years. I'm certainly not counting on this or using it as a b...
by berg
Thu Feb 06, 2014 3:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Thoughts on my glidepath
Replies: 9
Views: 802

Re: Selling NQ Stock Options Early for Lower Taxes

Are you contributing the max to your 401k plan and IRA? If not, the option exercise is an ideal opportunity to offset taxable gains from option exercise against higher pre-tax deductions for 401k contributions. In that situation, you are effectively shifting (some of) the stock option proceeds into...
by berg
Fri Nov 22, 2013 5:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Selling NQ Stock Options Early for Lower Taxes
Replies: 2
Views: 153

Selling NQ Stock Options Early for Lower Taxes

I have some stock options that are in the money. My general plan is to hold options closer to expiration (which is still 4 years off for the earliest set). However, as I have been accumulating options, RSU's and my income has been growing taxes will take a bigger hit. Would it make sense to take may...
by berg
Fri Nov 22, 2013 4:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Selling NQ Stock Options Early for Lower Taxes
Replies: 2
Views: 153

I Bonds as part of a portfolio

I currently max my 401k and wife's 403b. Additionally we do backdoor roth's. I'm 30 and she is 28. I also am beginning to invest an additional $500 per paycheck ($13k annually) into a taxable account. I'm wondering if I should look to buy I Bonds part of the bond portion of my portfolio. Right now m...
by berg
Thu Nov 14, 2013 11:56 am
 
Forum: Investing - Help with Personal Investments
Topic: I Bonds as part of a portfolio
Replies: 10
Views: 1018

Re: Automatic investing in a taxable account

I guess I was just trying to keep it simple. With my other accounts I currently: - Roths - max in January - Wife's 403b - max as early in the year as I can (no company match) - My 401k - max through even bi-weekly to ensure I get full company match (they do a annual catch-up, but I would miss it if ...
by berg
Mon Nov 04, 2013 11:42 am
 
Forum: Investing - Help with Personal Investments
Topic: Automatic investing in a taxable account
Replies: 10
Views: 496

Automatic investing in a taxable account

I have just added a taxable account to my retirement savings. I would like to add $1000 per month. I set up an automatic investment of $250 weekly. Is there any reason not to do a weekly investment? Does the fact that this is a taxable account make it more complicated at all?
by berg
Mon Nov 04, 2013 11:11 am
 
Forum: Investing - Help with Personal Investments
Topic: Automatic investing in a taxable account
Replies: 10
Views: 496

Who are Consumer Directed Health Plans good for?

Looking at my options and looks like I could opt for a consumer directed health plan this year. My deductible would be $1250 for myself and $2,500 if I went with the plan for my wife and I. I could provide $3,300 pre tax for myself or $6,500 for the both of us. I like the idea of additional ways to ...
by berg
Sun Nov 03, 2013 12:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Who are Consumer Directed Health Plans good for?
Replies: 5
Views: 578

basic bond fund question

Apologies if this is too basic. I keep reading about bond funds, but I just want to clarify one thing. A bond fund like Vanguard's Total Bond fund has a NAV. This can go up and down. So if I were to sell my shares at any given point in time I could gain or lose money from this asset. But if I am buy...
by berg
Sun Nov 03, 2013 10:16 am
 
Forum: Investing - Help with Personal Investments
Topic: basic bond fund question
Replies: 6
Views: 570

Re: Investing for the long haul, but could need the money so

As long as the amount saved in this taxable account is safely larger than what you might want to spend, you can just invest it as a long term asset. Here is how it works. Suppose after awhile you want to spend a portion of that money, but you are in risky assets that have fallen. Well, just spend t...
by berg
Fri Nov 01, 2013 11:26 am
 
Forum: Investing - Help with Personal Investments
Topic: Investing for the long haul, but could need the money sooner
Replies: 7
Views: 596

Investing for the long haul, but could need the money sooner

I'm hoping to get some great insight from the mighty Bogleheads! Especially those who are older than I and have more experience. I currently max out my and my wife's retirement accounts (401k, 403b + backdoor roths). I have a more than sufficient emergency fund. And about 30% equity in my home with ...
by berg
Fri Nov 01, 2013 10:24 am
 
Forum: Investing - Help with Personal Investments
Topic: Investing for the long haul, but could need the money sooner
Replies: 7
Views: 596

Re: How did you decide to sell your stock options?

You can do all the modeling and tax analysis you want, but IMO once the value of vested options becomes a substantial percent of your overall portfolio (maybe $5k or 1-2% whichever is higher), the best bet for most is to do a cashless exercise and invest the proceeds based on your normal asset allo...
by berg
Tue Oct 29, 2013 6:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: How did you decide to sell your stock options?
Replies: 18
Views: 1359

How did you decide to sell your stock options?

I've found a bunch of threads where people ask if/when they should sell options with varying opinions. I'd love to hear from people who have sold their options. What made you pull the trigger? Did you DCA sales over time? Sell right when it became available? Have a certain price point in mind? Sell ...
by berg
Tue Oct 29, 2013 10:32 am
 
Forum: Investing - Help with Personal Investments
Topic: How did you decide to sell your stock options?
Replies: 18
Views: 1359
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