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Re: Bad 401K or Taxable or Mortgage or Car Loan?

I'd probably go with the car loan too. The mortgage is at a higher rate, but it is also tax deductable. If you pay off the car, you can either start saving for the next car to avoid future debt or put the $300/month toward the house.
by investor1
Sat Jan 24, 2015 2:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bad 401K or Taxable or Mortgage or Car Loan?
Replies: 19
Views: 772

Re: Bad 401K or Taxable or Mortgage or Car Loan?

And another option is a Mega Backdoor Roth and possibly HSAs.
by investor1
Sat Jan 24, 2015 12:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bad 401K or Taxable or Mortgage or Car Loan?
Replies: 19
Views: 772

Re: Bad 401K or Taxable or Mortgage or Car Loan?

Is the money intended for retirement? Is part of your retirement plan to sell the house?

Also, you might want to look into refinancing. A 10 or 15 mortgage is going for just over 3% according to bankrate.com.
by investor1
Sat Jan 24, 2015 12:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bad 401K or Taxable or Mortgage or Car Loan?
Replies: 19
Views: 772

Re: How should I invest 13k when I'm in college?

What is the money intended for?
by investor1
Fri Jan 23, 2015 8:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: How should I invest 13k when I'm in college?
Replies: 9
Views: 453

Re: Pay off my building or put it in a vanguard fund???

If it were me, I'd take the guranteed 4.65% return by paying off the loan. It simplifies life and leaves less stress. Also, that $500k of cash must have come from somewhere. If that excess income keeps coming, you can always invest that money.
by investor1
Thu Jan 22, 2015 11:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pay off my building or put it in a vanguard fund???
Replies: 7
Views: 658

Re: Best place for pre-59 1/2 retirement assets?

Many 401(k) plans and the IRS allow folks who separate from service in the year they turn 55 to make penalty-free withdrawals. So you may not need to wait until 59.5. Also there is the well-known SEPP or 72(t) option to make IRA withdrawals without any penalties before age 59.5. As for a taxable ac...
by investor1
Wed Jan 21, 2015 9:56 pm
 
Forum: Investing - Theory, News & General
Topic: Best place for pre-59 1/2 retirement assets?
Replies: 3
Views: 507

Best place for pre-59 1/2 retirement assets?

Hi, I'm currently in my early 30's, and max'ing out my 401k (402g limit) and Roth IRA. By my mid 30's, I think I will have paid of a mortgage leaving me with a noticeable amount of extra income. I'd like to take most of this and invest it so I can retire early (aka before 59 1/2). It looks like the ...
by investor1
Wed Jan 21, 2015 9:50 pm
 
Forum: Investing - Theory, News & General
Topic: Best place for pre-59 1/2 retirement assets?
Replies: 3
Views: 507

Re: Silly to consider buying a home because of interest rate

I'm actually in a similar situation. I'm in my early 30's, and my rent it very low. I've always planned on owning something someday, so I've put aside about $60k to cover the down payment, closing costs, and to buy some furniture. I don't want to go into debt for 30 years, so I'm not willing to go w...
by investor1
Wed Jan 21, 2015 6:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Silly to consider buying a home because of interest rates?
Replies: 29
Views: 2751

Re: Need some financial advice after just purchasing a new h

If you guys are dead set on having kids now, I would sell at least one of those houses in addition to paying off that 401k loan. Get yourself cashflow positive on just your income since she won't be getting paid. Leave yourself some elbow room too. There is a rumor going around saying kids are expen...
by investor1
Wed Jan 21, 2015 11:14 am
 
Forum: Personal Finance (Not Investing)
Topic: Need some financial advice after just purchasing a new home
Replies: 15
Views: 2010

Re: Upping 401k to above $18,000

You should read the wiki on the Backdoor Roth IRA, and read the gigantic thread on the Mega Backdoor Roth.
by investor1
Tue Jan 20, 2015 1:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Upping 401k to above $18,000
Replies: 3
Views: 785

Re: Land - Me or my Neighbor

If someone is injured on the land, they would need to go after the landowner (him) if anyone. That being said, if the injury was caused by improper maintenance or because you modified the land w/o his permission, I think he could go after you to recover damages. I wouldn't worry about it much though.
by investor1
Tue Jan 20, 2015 12:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Land - Me or my Neighbor
Replies: 44
Views: 3411

Re: Annual Review: Your Esteemed Advice Needed

Unfortunately, VG doesn't offer Admiral share ERs for TD funds. You could roll your own by setting up a four fund portfolio using TSM, TISM, TBM, TIBM, but then you'd have to maintain it yourself by rebalancing and handling the glide path. It would be cheaper (assuming the assets in each fund are va...
by investor1
Mon Jan 19, 2015 5:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Annual Review: Your Esteemed Advice Needed
Replies: 11
Views: 1203

Re: Annual Review: Your Esteemed Advice Needed

Your second post sound like all good ideas to me. I'd make the moves.
by investor1
Mon Jan 19, 2015 5:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Annual Review: Your Esteemed Advice Needed
Replies: 11
Views: 1203

Re: Annual Review: Your Esteemed Advice Needed

An emergency fund is not a down payment fund. A down payment is not an emergency. You either don't have an emergency fund, or you don't have a down payment fund. As far as when to buy, prices are still somewhat lower than they were before the crash and interest rates are still pretty low. Now is a g...
by investor1
Mon Jan 19, 2015 1:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Annual Review: Your Esteemed Advice Needed
Replies: 11
Views: 1203

Re: 2015 Investment Newbie - Vanguard ETF's Help

My plan is to avg about 8-12% a year in unrealized gains and just keep reinvesting and adding money to the portfolio. Where did these numbers come from? They seem a bit high (historically). Particularly if you are going to hold bonds and increase your bond allocation as you age. Why not just buy a ...
by investor1
Thu Jan 15, 2015 10:17 am
 
Forum: Investing - Help with Personal Investments
Topic: 2015 Investment Newbie - Vanguard ETF's Help
Replies: 16
Views: 742

Re: 2015 Investment Newbie - Vanguard ETF's Help

Check out the 2050 target date fund or one of the Life Strategy funds. Both are excellent ways to get started. Would these be good for a taxable account? Sorry, I did not read your post close enough. I thought we were talking about a tax advantaged account. Livesoft gave excellent advice. You might...
by investor1
Wed Jan 14, 2015 11:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: 2015 Investment Newbie - Vanguard ETF's Help
Replies: 16
Views: 742

Re: 2015 Investment Newbie - Vanguard ETF's Help

Check out the 2050 target date fund or one of the Life
Strategy funds. Both are excellent ways to get started.
by investor1
Wed Jan 14, 2015 9:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: 2015 Investment Newbie - Vanguard ETF's Help
Replies: 16
Views: 742

Re: When your spouse isn't quite as frugal as you

For morning coffee, get a coffee maker that has a timer. Load everything the nigh before, and set it so the coffee is ready for him as he needs to leave. He can take it in a thermos. For breakfast, why not just make more food in evening for dinner. When he wakes up, he can just heat up the leftovers...
by investor1
Wed Jan 14, 2015 8:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: When your spouse isn't quite as frugal as you
Replies: 94
Views: 8615

Re: Saving vs Living

Save 15% of your income in a retirement account for now. Live on the remaining 85%. As you get salary increases, no matter how little an amount - save half. That's it, now go enjoy your youth! I did something like this in my early years: a decent percentage to long term investments with a percentag...
by investor1
Wed Jan 14, 2015 4:54 pm
 
Forum: Personal Consumer Issues
Topic: Saving vs Living
Replies: 33
Views: 4493

Re: Evaluate my windfall plan

3. Flag portion of 12+ month E-fund that could have covered mortgage as car fund 4. Use a portion of new monthly cash flow to fund 529, save other portion to put toward eventual home upgrade Maybe I'm over estimating your current mortgage payment, but if you pay off the mortgage, you'll have money ...
by investor1
Wed Jan 14, 2015 1:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Evaluate my windfall plan
Replies: 14
Views: 1904

Re: How Long to Stay in Target Date Fund

TD funds are designed to continue with the plan after the targeted date has arrived. Most of the time, the glide path continues through part of the planned retirement period until it reaches a certain asset allocation. You should be able to find the glide path in the fund's documentation. Even after...
by investor1
Wed Jan 14, 2015 12:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: How Long to Stay in Target Date Fund
Replies: 2
Views: 407

Re: Trying to help a friend....please advise!

Tax exempt funds aren't really tracking their market average (TBM funds have similar critizism though). Having high gains in a taxable is generally not a big deal since it means a LTCG tax rate of 15% (+state). If you want the market average for bonds, why take the tax hit in a brokerage? It is nice...
by investor1
Tue Jan 13, 2015 12:56 am
 
Forum: Investing - Help with Personal Investments
Topic: Trying to help a friend....please advise!
Replies: 15
Views: 1873

Re: Does PenFed do a hard pull?

Cool. Boths posts have good info for me. Thanks!
by investor1
Mon Jan 12, 2015 11:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does PenFed do a hard pull?
Replies: 3
Views: 485

Does PenFed do a hard pull?

I'm considering becoming a PenFed member to take advantage of their mortgage loan rates when I buy (likely) later this year. There are a couple of places that I'm considering buying soon, so I'm wondering if PenFed does a hard pull on your credit when you join as I'm concerned a hard pull would hurt...
by investor1
Mon Jan 12, 2015 10:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does PenFed do a hard pull?
Replies: 3
Views: 485

Re: Trying to help a friend....please advise!

The percentages you posted do not add up to 100%, so something may be off. Also, you didn't mention anything about where her future contributions are going. Given what is there, she has nearly half of her assets in the taxable account. I'd take her 403b and Roth IRA and buy the cheapest total bond m...
by investor1
Mon Jan 12, 2015 3:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Trying to help a friend....please advise!
Replies: 15
Views: 1873

Re: Need help informing my father he is making a mistake

Give him your copy of The Boglehead's Guide To Investing . Have follow up conversations with him later. By all means, try to educate him, but realize that it is his money and his decision to make. Not yours. Provide him with education and encouragement, show him what you are doing, but let him make ...
by investor1
Mon Jan 12, 2015 1:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need help informing my father he is making a mistake
Replies: 58
Views: 4912

Re: Condo Rental - Need Renters

I have found every place that I have ever rented through craigslist. Things that I am looking for are the price for what I am renting relative to what else is available in the surrounding market and the location that I want to be in. If you are farther away from where most people would want to be, l...
by investor1
Mon Jan 12, 2015 11:54 am
 
Forum: Personal Finance (Not Investing)
Topic: Condo Rental - Need Renters
Replies: 5
Views: 523

Re: Am I on the right track?

It doesn't look like you are doing bad at all. You'll need to follow the format in the Asking Portfolio Questions thread if you want specific feedback. We would need to know the options you have to tell you where you could do better.
by investor1
Sun Jan 11, 2015 9:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Am I on the right track?
Replies: 4
Views: 664

Re: Trying to help a friend....please advise!

You should post the ERs of the funds as well as her other options. Read the wiki on approximating the total stock market. Read the wiki on tax efficient fund placement. I think that would suggest she moves much of her cash into the total international fund. She could consider leveraging the tax dedu...
by investor1
Sun Jan 11, 2015 6:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Trying to help a friend....please advise!
Replies: 15
Views: 1873

Re: Investment Guidance

If you add the expense ratios and load fees for the funds in your 404c, you'll get better feedback.
by investor1
Sat Jan 10, 2015 1:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investment Guidance
Replies: 13
Views: 1761

Re: How Many Credit Cards do you have?

Capital One QuickSilver- 1.5% Cash Back all purchases - $39 Annual Fee There shouldn't be an annual fee on that card. I have one card, and that's it. I get around $200/year in cash back. It is applied as a statement credit which means it is tax free. I'll probably put it in my IRA this year since I...
by investor1
Tue Jan 06, 2015 10:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: How Many Credit Cards do you have?
Replies: 99
Views: 13485

Re: How Many Credit Cards do you have?

Capital One QuickSilver- 1.5% Cash Back all purchases - $39 Annual Fee There shouldn't be an annual fee on that card. I have one card, and that's it. I get around $200/year in cash back. It is applied as a statement credit which means it is tax free. I'll probably put it in my IRA this year since I...
by investor1
Tue Jan 06, 2015 9:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: How Many Credit Cards do you have?
Replies: 99
Views: 13485

Re: Accepting counter-offer to stay at job

As others have said, if you do accept a counter offer make sure it is a big one. You may not get a raise for a few years because of it. If you want to leave, leave.
by investor1
Mon Jan 05, 2015 11:56 pm
 
Forum: Personal Consumer Issues
Topic: Accepting counter-offer to stay at job
Replies: 72
Views: 6624

Re: Can I fund Vanguard purchases with my Target REDcard?

What is MS? I still don't get why anyone would want to do this. MS is manufactured spending. You use a credit card to load money into the REDCard and earn points on the credit card. Then you off-load money from the REDCard to use it elsewhere. The OP wants to off-load for Vanguard purchases. Victor...
by investor1
Mon Jan 05, 2015 4:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I fund Vanguard purchases with my Target REDcard?
Replies: 40
Views: 3952

Re: Can I fund Vanguard purchases with my Target REDcard?

What is MS? I still don't get why anyone would want to do this.
by investor1
Mon Jan 05, 2015 4:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I fund Vanguard purchases with my Target REDcard?
Replies: 40
Views: 3952

Re: Can I fund Vanguard purchases with my Target REDcard?

What is so great about the redcard? It looks like it gives 5% off of certain purchases from target. Is that it? I don't shop there often.
by investor1
Mon Jan 05, 2015 3:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I fund Vanguard purchases with my Target REDcard?
Replies: 40
Views: 3952

Re: Another Down Payment Math Problem

How much capital gains do you have in the taxable account? Is there any tax loss harvesting you can do? How about tax deductions for foreign investments? Are we talking about LTCG? Basically, I'm asking what the tax bill on the assets in the taxable account is, and how much is left. If you (they) pu...
by investor1
Mon Jan 05, 2015 1:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Another Down Payment Math Problem
Replies: 14
Views: 2099

Re: XIRR with Vanguard and Fido

I decided to use the transaction dates and amounts and add the beginning of the year and end of the year balance. I also ignored dividends since I see those as returns. Thanks for the responses!
by investor1
Fri Jan 02, 2015 10:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: XIRR with Vanguard and Fido
Replies: 3
Views: 489

XIRR with Vanguard and Fido

I've decided to begin using the XIRR function in Excel and Libre Office to calculate the perform of my investments. I have accounts with both Vanguard and Fidelity. I was poking around the Vanguard website trying to figure out a way I can download the data I need (or most of it), but I haven't been ...
by investor1
Fri Jan 02, 2015 5:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: XIRR with Vanguard and Fido
Replies: 3
Views: 489

Re: Am I contributing too much to retirement?

You left out a bunch of information to get detailed feedback, so here's mine. Play around with your budget a bit. Be sure to include retirement and a house in the budget since you already said you want both. The playing around part is figuring out which you value more. Set percentages of gross incom...
by investor1
Thu Jan 01, 2015 8:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Am I contributing too much to retirement?
Replies: 28
Views: 4801

Re: Question for Woodworkers (Ikea furniture mishap)

I doubt it gets any worse. If you don't want to get a new piece, putty over it and paint it so it looks nice and call it a day.
by investor1
Thu Jan 01, 2015 5:43 am
 
Forum: Personal Consumer Issues
Topic: Question for Woodworkers (Ikea furniture mishap)
Replies: 14
Views: 1314

Re: Car shuts off while driving - death, dealers, & liabilit

If you are sure your car is part of the recall. Call other dealers, and see if they can fix it. Otherwise, I try providing proof to the first dealer (or any of them, really) that your car is part of the recall and request a courtesy car until they can fix it. If you want to esculate things, you coul...
by investor1
Thu Jan 01, 2015 1:59 am
 
Forum: Personal Consumer Issues
Topic: Car shuts off while driving - death, dealers, & liability
Replies: 44
Views: 4312

Re: Property Tax Terminology

"Legal" is shorthand for "Legal Description". The boundaries of the property are defined by a map which was filed by the developer in the county recorder's office. Since the development was done in stages, Phase 4 was probably shown as an open space on the map filed when Phase 1...
by investor1
Tue Dec 30, 2014 2:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Property Tax Terminology
Replies: 9
Views: 978

Re: Property Tax Terminology

I've been looking into buying a house and have been reviewing the property tax information on various places in order to verify the information published through sites like zillow. I was looking at the records for one particular place and noticed a couple of things that stuck out that I don't reall...
by investor1
Tue Dec 30, 2014 2:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Property Tax Terminology
Replies: 9
Views: 978

Re: Property Tax Terminology

^ That makes sense. Thanks! I don't mind an unfinished garage, and it least it lowers the tax bill!
by investor1
Mon Dec 29, 2014 10:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Property Tax Terminology
Replies: 9
Views: 978

Property Tax Terminology

I've been looking into buying a house and have been reviewing the property tax information on various places in order to verify the information published through sites like zillow. I was looking at the records for one particular place and noticed a couple of things that stuck out that I don't really...
by investor1
Mon Dec 29, 2014 9:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Property Tax Terminology
Replies: 9
Views: 978

Re: Poll: Total cost of 2-yr cell phone ownership?

I pay $42/month for my plan, and I paid about $350 for my phone. That's $1358.
by investor1
Mon Dec 29, 2014 10:25 am
 
Forum: Personal Consumer Issues
Topic: Poll: Total cost of 2-yr cell phone ownership?
Replies: 54
Views: 3165

Re: Do you usually order beverage at restaurants?

Considering I am typically there for happy hour or dinner if I'm actually staying there to eat, yes, I usually order a beer. Any other meal, it is almost always water.
by investor1
Sun Dec 28, 2014 7:20 pm
 
Forum: Personal Consumer Issues
Topic: Do you usually order (not-free) beverage at restaurants?
Replies: 89
Views: 7631

Re: Am I on the right track to being financially wealthy?

Have you looked into consolidating your student loans?
by investor1
Sun Dec 28, 2014 7:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Am I on the right track to being financially wealthy?
Replies: 51
Views: 9813

Re: Am I on the right track to being financially wealthy?

You're already putting 22.25% into your retirement funds. Those 6.8% loans are killing your returns. Take the extra cash you have on hand and pay those off. Honestly, I would pay off the rest of the loans as well just to simplify life (money isn't everything). You can always save more toward retirem...
by investor1
Sun Dec 28, 2014 11:33 am
 
Forum: Investing - Help with Personal Investments
Topic: Am I on the right track to being financially wealthy?
Replies: 51
Views: 9813
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