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Re: The Unemployment Game Plan

All of the above except I wonder about killing the car loan. You don’t say what your monthly living expenses or car loan payments are, but I wonder if paying the entire loan off upfront might deplete your funds a month or so earlier than continuing the monthly payments. The car loan is on its last ...
by bigred77
Thu Apr 17, 2014 1:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: The Unemployment Game Plan
Replies: 12
Views: 899

Re: The Unemployment Game Plan

I personally would kill the car loan from my current cashflow, stop all investing outside of my regular 401k contributions, and start funneling all the excess cash I could into my emergency fund. I would cutting my expenses now where I can. I would IMMEDIATELY begin my job search. Contact everyone I...
by bigred77
Thu Apr 17, 2014 12:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: The Unemployment Game Plan
Replies: 12
Views: 899

Re: Help with Home Sale

A question to the board because I don't know:

If the OP want to sell securities, then can get the cash back and rebuys the identical securities within 30 days, is that not considered a "wash sale" like it would be if they we're trying to tax loss harvest?
by bigred77
Wed Apr 16, 2014 5:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with Home Sale
Replies: 15
Views: 918

Re: Help with Home Sale

I would simply request to push back the closing date of your purchase to that of your new closing date on your current home.
by bigred77
Wed Apr 16, 2014 4:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with Home Sale
Replies: 15
Views: 918

Re: Looking at top 1% for actionable insight

FYI___ From DaleMaley's link (In the 2013 update) : The top 1% had an average investment net worth somewhere around $3 million at the end of 2013 based on IRS numbers So I think you need to adjust your vision of the start of the 1%... The average "X" of the top one percent is always going...
by bigred77
Wed Apr 16, 2014 11:33 am
 
Forum: Personal Finance (Not Investing)
Topic: Looking at top 1% for actionable insight
Replies: 68
Views: 6774

Re: Anyone use Fidelity as their bank account?

I use Fidelity for all my financial accounts. I have my checking account and debit card through them and have nothing but great things to say. The only downside is I can't walk in and make a deposit with physical cash nor can I go to them for a cashiers check or money order. If your maintaining a re...
by bigred77
Tue Apr 15, 2014 11:12 am
 
Forum: Personal Finance (Not Investing)
Topic: Anyone use Fidelity as their bank account?
Replies: 27
Views: 1750

Re: Is "sheltering" my GF financially hurting our future?

I would urge you to have her open a credit card in her name only immediately. The biggest obstacle for young people to overcome with building credit is length of credit history and avg age of open accounts. It may not seem like a big deal but it takes a couple of years to get that credit score up to...
by bigred77
Mon Apr 14, 2014 10:52 am
 
Forum: Personal Finance (Not Investing)
Topic: Is "sheltering" my GF financially hurting our future?
Replies: 14
Views: 2217

Re: Pay Off Mortgage

What is your tax bracket? Do you have any cash flow issues? What is the current LTV on the mortgage? Do you have any plans to move in the next few years? bigred, I'm curious why, whether he might have plans to move, would be a factor. If he pays it off, and subsequently moves, he takes the proceeds...
by bigred77
Thu Apr 03, 2014 9:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Pay Off Mortgage
Replies: 56
Views: 3786

Re: Pay Off Mortgage

I personally probably wouldn't if I had no cash flow issues and my after tax interest rate was about 2.9% (only considering federal). I would just keep your allocation as it is and keep paying the mortgage. I wouldn't be willing give up the liquidity that you would be giving up by selling off 80%-85...
by bigred77
Wed Apr 02, 2014 5:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pay Off Mortgage
Replies: 56
Views: 3786

Re: Pay Off Mortgage

What is your tax bracket?

Do you have any cash flow issues?

What is the current LTV on the mortgage?

Do you have any plans to move in the next few years?
by bigred77
Wed Apr 02, 2014 5:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pay Off Mortgage
Replies: 56
Views: 3786

Re: New Housing Bubble and upcoming cycle peak

I just wanted to add a general anecdote to the discussion: I live in huge city in a very nice, very upscale neighborhood inside the city limits. This is not a suburb. The neighborhood used to be a slum in 70s/80s. Easily one of the worse neighborhoods in the whole city. It was right next door to bas...
by bigred77
Wed Mar 26, 2014 2:42 pm
 
Forum: Investing - Theory, News & General
Topic: New Housing Bubble and upcoming cycle peak
Replies: 74
Views: 6365

Re: Buying first home in SF - gut check

You can afford it. Go for it and continue to work your (behind) off and save now before the kiddies arrive - that could change everything! Congratulations on getting off to such a great start. If things do take a turn for the worse, you do have a plenty fat cushion, but bullet-proof armor (paid off...
by bigred77
Wed Mar 26, 2014 8:48 am
 
Forum: Personal Finance (Not Investing)
Topic: Buying first home in SF - gut check
Replies: 87
Views: 7084

Re: Attempt at explaining the backdoor Roth to my new accoun

I have to say, if the accountant I was considering hiring to do my personal taxes didn't know about backdoor Roth IRA's, I'd keep my search for a new accountant going...
by bigred77
Mon Mar 24, 2014 4:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Attempt at explaining the backdoor Roth to my new accountant
Replies: 26
Views: 2268

Re: What is your 2013 Federal Effective Tax Rate?

And here I thought I was some sort of tax genius for having a 7% effective tax rate with no kids and almost all of it being W2 wages.

Guess I'm not so special.
by bigred77
Fri Mar 14, 2014 9:41 am
 
Forum: Personal Finance (Not Investing)
Topic: What is your 2013 Federal Effective Tax Rate?
Replies: 73
Views: 4713

Re: What's a reasonable composite expense ratio?

I'm a slicer and dicer but I was still able to get my weighted avg ER doen to 0.12% All my accounts are with Fidelity and I use Spartan Index Funds and Vanguard ETFs. This does not count the $7.95 trading fee I pay per Vanguard ETF transaction but that usually only occurs 5-6 times per year when I r...
by bigred77
Wed Mar 12, 2014 3:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: What's a reasonable composite expense ratio?
Replies: 62
Views: 2878

Re: 24 year old in over his head: house/MBA/RSUs/tax questio

I did a Evening MBA program a couple years ago while working, owning a condo, and receiving RSUs. I would take a few deep breaths right now... try to relax... -Should I take out a student loan to cover the tuition? I can get a variable rate loan and pay it off relatively quickly, but I'm afraid thi...
by bigred77
Tue Mar 11, 2014 11:51 am
 
Forum: Personal Finance (Not Investing)
Topic: 24 year old in over his head: house/MBA/RSUs/tax questions
Replies: 17
Views: 1749

Re: % of annual income saved compared to final portfolio goa

Not sure how meaningful this number is as a metric when it doesn't take into consideration the number of years to go, or the current size of your portfolio. The more important question is: given your age, net worth, and savings rate - what is the probability that you'll reach your goal? That probab...
by bigred77
Mon Mar 10, 2014 3:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: % of annual income saved compared to final portfolio goal
Replies: 33
Views: 2644

Re: % of annual income saved compared to final portfolio goa

Yuck... I did not like this exercise. I'm at 0.4%.

I'm in my 20's still though and I have probably a borderline unrealistic goal unless my income jumps substantially over the years (and I hope it will).

Just save as much as you can I guess.
by bigred77
Mon Mar 10, 2014 10:19 am
 
Forum: Investing - Help with Personal Investments
Topic: % of annual income saved compared to final portfolio goal
Replies: 33
Views: 2644

Re: Poll: Are you going to retire? And if so, when?

I'm too lazy to not retire as soon as feasibly possible. I'm aiming and planning for mid 50s.

I'm a long way off but if I don't hit my "number" by 60, I think I'll call it quits anyway and adjust my retirement expectations.
by bigred77
Sun Mar 09, 2014 2:08 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: Are you going to retire? And if so, when?
Replies: 38
Views: 2977

Re: “Buying on the peaks” can work too!

I feel like this is an OUTSTANDING article and should be linked too whenever someone posts about having paralysis because "the market is at all-time highs"
by bigred77
Wed Mar 05, 2014 7:09 pm
 
Forum: Investing - Theory, News & General
Topic: “Buying on the peaks” can work too!
Replies: 10
Views: 1994

Re: You know you're a Boglehead when ...

You think a 27 year old with a 300k portfolio is "about average for someone with a college degree"... :D
by bigred77
Tue Mar 04, 2014 1:58 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: You know you're a Boglehead when ...
Replies: 86
Views: 5145

Re: Wife Back to Work

My first thought would be she could do some substitute teaching for a few years, go through the certification process (state specific i believe) and then try to land a full time teaching gig after a couple of years. Pretty portable career I think. Pay varies on City, State, regional cost-of-living, ...
by bigred77
Mon Mar 03, 2014 4:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wife Back to Work
Replies: 8
Views: 1190

Re: What kind of mortgage should I get?

You will be able to deduct mortgage interest in texas. My understanding is that there is no income cap on the ability to do that. if you were thinking the amount of interest will be below the standard deduction, you are not taking into account that property taxes in TX are sky high. In Houston for e...
by bigred77
Sun Mar 02, 2014 8:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: What kind of mortgage should I get?
Replies: 9
Views: 828

Re: what's your number?? (for married couples)

Wife and I are both 29. Targeting $10 million for retirement or if we hit 60 we'll pull the plug and adjust to whatever the number is. We spend alot (about 90k a year now, we have a big mortgage payment and we travel a ton). We save about 25% of income strictly for retirement and have been doing so ...
by bigred77
Thu Feb 27, 2014 3:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: what's your number?? (for married couples)
Replies: 70
Views: 6111

Re: Leaving a small amount of student debt for child to pay

I went to a fairly affluent private school where it seemed like nobody had "manageable debt" except for me. Either Mom and Dad paid for the whole boat or kids were borrowing like mad to get all the tuition together every August. I had a alot of small academic scholorships that added up and...
by bigred77
Mon Feb 24, 2014 4:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Leaving a small amount of student debt for child to pay off?
Replies: 45
Views: 2648

Re: What's the Appropriate Net Worth by % for a 27 year old?

I really like this site by Scott Burns to give some perspective: http://assetbuilder.com/scott_burns/the_new_wealth_scoreboard The graphic at the bottom this page gives a breakdown of different levels of networth by percentiles for different age ranges (this includes primary residence home equity). ...
by bigred77
Sun Feb 23, 2014 3:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: What's the Appropriate Net Worth by % for a 27 year old?
Replies: 78
Views: 8741

Re: USAA Auto Insurance?

I have USAA for both Auto and Home coverage.

They had far and away the best rate (for my situation at least) for both products. I price shopped any and every where.

I had a major car accident (totaled vehicle) and the claims process was very smooth. I have nothing but great things to say.
by bigred77
Tue Feb 11, 2014 3:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: USAA Auto Insurance?
Replies: 53
Views: 2998

Re: Valentine's Day

With all the threads started on the sensible buying of umbrella liability insurance I'm surprised more people aren't advocating "just the $150 bucks on a card, choclates, and a decent meal out. It's cheap relationship insurance on half of your assets."
by bigred77
Mon Feb 10, 2014 10:34 am
 
Forum: Personal Consumer Issues
Topic: Valentine's Day
Replies: 43
Views: 2603

Re: What's your dream car?

Black BMW M6 convertible with cream interior.

Driving along the beach in June from San Fran to San Diego, then back to LA and time myself on how quick I can make to Vegas.


Then I wake up...
by bigred77
Tue Jan 21, 2014 11:52 am
 
Forum: Personal Consumer Issues
Topic: What's your dream car?
Replies: 177
Views: 8938

Re: High Earners - What's Your Profession?

I work for a large Oil and Gas company in relatively unique corporate role. I broke the 100k mark in total compensation about 4 years in. I have MBA that my employer heavily subsidized from a decent State school (they are not churning out top consultants and I bankers). I had about 20k in student lo...
by bigred77
Mon Jan 13, 2014 6:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 334
Views: 22764

Re: What percentage of your income are you saving?

28 years old.

My wife and I save a shade over 25% of gross income into tax advantaged retirement accounts.

The rest of my "savings" go to pay down debt.
by bigred77
Thu Dec 12, 2013 6:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: What percentage of your income are you saving?
Replies: 208
Views: 11694

Re: Success Stories of Bogleheads

I am a millenial. i was lucky enough to find bogleheads within a few months of graduating and starting my first real job. I originally found the site while researching how to invest in my 401k. What funds to pick and why? i originally just picked about 6 funds with the best 10 year returns and assig...
by bigred77
Mon Dec 02, 2013 1:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Success Stories of Bogleheads
Replies: 62
Views: 6390

Re: Bill Bernstein: "Take risk off the table"

I agree with some of the sentiment that these "marginal" changes of +/- 5% between bonds and equities are unlikely to have a material impact on ones "final destination" so to speak. If one feels better doing this then more power to them. I do feel that this could bring some unnec...
by bigred77
Tue Nov 26, 2013 5:32 pm
 
Forum: Investing - Theory, News & General
Topic: Bill Bernstein: "Take risk off the table"
Replies: 207
Views: 17022

Re: Best Personal Service for Near-Retiree w/ $1m+

Does Fidelity have an extensive network of offices where investors can visit? Has anyone ever used their banking services? What are your thoughts on combining everything with them in terms of investing and banking? Perhaps that would simplify things for the original poster considering he may want a...
by bigred77
Tue Nov 26, 2013 12:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Best Personal Service for Near-Retiree w/ $1m+
Replies: 34
Views: 2192

Re: What now? Everything maxed

Go on vacation each and every year... then start upping your taxable investing
by bigred77
Mon Nov 25, 2013 12:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: What now? Everything maxed
Replies: 14
Views: 2009

Re: Average Yearly Raises?

I've been working for 5 years. All at the same employer.

Base Pay CAGR increase = 7.2%

Totel Compensation from employer CAGR = 9.6%
by bigred77
Mon Nov 25, 2013 11:57 am
 
Forum: Personal Finance (Not Investing)
Topic: Average Yearly Raises?
Replies: 97
Views: 5339

Re: Advice on what to do summer before senior year high scho

If your goal is to help is chance of admission to highly selective college then this is what I would do: - Have him volunteer at a band name charity or be a Big Brother to an at risk youth or work at a free clinic or something. Should be about 15-20 hrs a week. Get some experiences he can utilize on...
by bigred77
Fri Nov 15, 2013 1:32 pm
 
Forum: Personal Consumer Issues
Topic: Advice on what to do summer before senior year high school
Replies: 63
Views: 2439

Re: Using Merger/Arbitrage fund as Bond fund substitute?

I think this would be a pretty bad idea. I can't imagine many on this board would reccommend what your thinking about doing. I would keep my fixed income portion of my portfolio to a total bond market index fund. I can see viable alternatives for a portion of fixed income (if you understand WHY you ...
by bigred77
Thu Nov 14, 2013 12:24 pm
 
Forum: Investing - Theory, News & General
Topic: Using Merger/Arbitrage fund as Bond fund substitute?
Replies: 10
Views: 821

Re: 100 Percent Equity Asset Allocation

I'm very near your age and have thought about what your proposing. I think most people here would agree that IN THEORY it would make sense to go 100% stock if your goal is to maximize EXPECTED return over long time horizons. The real life implications here are many: - When do i start adding bonds? D...
by bigred77
Wed Nov 06, 2013 6:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: 100 Percent Equity Asset Allocation
Replies: 36
Views: 4234

Re: 250k Student Loan Payment Schedule

I also think you'd be better off maxing out your 401k contributions to save on taxes. I might also consider $5500 backdoor roth IRA contributions out of your bonus each year that can double as an emergency fund while you're attacking the student loans. I might back off my Student Loan paydowns to $3...
by bigred77
Mon Nov 04, 2013 5:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: 250k Student Loan Payment Schedule
Replies: 47
Views: 4819

Re: Poll: How conservative/aggressive is your AA for your ag

I'm also a little surprised.

Not yet 30. 80/20 with small and value tilts. I'm conservative apparently.

Don't plan to move my allocation untill age 40 when i move to 70/30. I guess I get more aggressive over time.
by bigred77
Fri Nov 01, 2013 11:51 am
 
Forum: Investing - Theory, News & General
Topic: Poll: How conservative/aggressive is your AA for your age?
Replies: 106
Views: 5893

Re: Milestones - Would you have reached it without the "extr

Fair enough... I reached my milestones so far from employment compensation only. I do receive RSUs, options, and a yearly cash bonus as a part of that compensation. It helps that my wife works and we don't have kids yet. *** edited to add "I'm still just a rank and file employee" I was ver...
by bigred77
Wed Oct 30, 2013 2:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Milestones - Would you have reached it without the "extra"?
Replies: 58
Views: 4066

Re: Milestones - Would you have reached it without the "extr

I do not agree with differentiating the "salary only" category from the next category with "stock options, RSU, pension, etc". The pension is a benefit funded by the employer, no different than 401k matching. It is part of your overall compensation. If you accepted a job that di...
by bigred77
Wed Oct 30, 2013 2:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Milestones - Would you have reached it without the "extra"?
Replies: 58
Views: 4066

Re: Houston, TX Housing Suggestion

if you have the time/flexibility to do it, you can consider buying just a lot or an older home being sold for lot value only. Then you can build whatever you want and have a little more control over sq footage, cost, layout etc. I think alot of people are doing that in the area. That would be my pre...
by bigred77
Tue Oct 29, 2013 10:45 am
 
Forum: Personal Consumer Issues
Topic: Houston, TX Housing Suggestion
Replies: 6
Views: 835

Re: Boston Area Part time MBA advice

I faced a similar situation to yours a few years back. I was 25/26. My company would pay a little over 5,000 per calander year for an MBA. I aced the GMAT and had to choose between an "OK" regional program for 32k or a couple of nationally ranked "prestige" programs for over 90k....
by bigred77
Thu Oct 24, 2013 8:43 am
 
Forum: Personal Consumer Issues
Topic: Boston Area Part time MBA advice
Replies: 12
Views: 1153

Re: How many square feet is your home?

3250 sqft
3 bed / 3.5 bath
2 car garage

Just my wife and I. Waaaay too big at the moment. Hope to start a family there in the next few years though. Our dream location and we plan to stay for at least 15 yrs or so.
by bigred77
Wed Oct 16, 2013 2:29 pm
 
Forum: Personal Consumer Issues
Topic: How many square feet is your home?
Replies: 162
Views: 10623

Re: Home Affordability

Count of Notre Dame wrote:How much should we have saved in cash for furniture, minor repairs, etc.?


Several 10s of thousands.

Also I think your Home Insurance premium with be MUCH higher than $67 a month.
by bigred77
Tue Oct 15, 2013 5:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Home Affordability [check my calculations]
Replies: 77
Views: 4432

Re: Best careers for people about to enter college?

As a relatively recent graduate myself i would advise bright high school seniors to consider the following 1.) Engineering (I favor Mechanical, Electrical, or Petroleum) 2.) Accounting (with CPA) 3.) Finance/Economics 4.) Statistics I think medicine can be a great field but majoring in Biology or a ...
by bigred77
Tue Oct 15, 2013 5:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Best careers for people about to enter college?
Replies: 69
Views: 5093

Re: energy co wants to buy mineral rights

Stone is a very good company. They are not a fly by night organization. It sounds like you guys own some mineral interests, that in all likelihood, was severed from the surface ownership rights. They are not attempting to "buy" your interest, only lease it from you. You have 2 main area of...
by bigred77
Thu Oct 10, 2013 11:43 am
 
Forum: Personal Finance (Not Investing)
Topic: energy co wants to buy mineral rights
Replies: 29
Views: 2742

Re: What age did you start investing and where are you now?

2008(age 23) - Finished Undergrad, started work with no savings and about 60k worth of debt between my now wife and I combined. Starting Salary for us (58k me; 19k her) (in between) - Same employers. I finished grad school. We got married. We've been lucky enough to travel extensively. We bought a p...
by bigred77
Mon Sep 30, 2013 9:03 am
 
Forum: Investing - Help with Personal Investments
Topic: What age did you start investing and where are you now?
Replies: 42
Views: 4701
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