Search found 379 matches

by sesq
Fri Sep 04, 2015 11:52 am
Forum: Investing - Help with Personal Investments
Topic: Am I woefully underfunded to retire and should I sell my rentals?
Replies: 28
Views: 2250

Re: Am I woefully underfunded to retire and should I sell my rentals?

I don't see how you can be deemed underfunded if you will have a pension (1,900) that nearly exceeds your expected expenses (1,500 - 2,000), plus social security, plus rental income. To that end, I would log onto the SSA.gov site and figure out what your SS benefits will be. Then I would think long ...
by sesq
Tue Sep 01, 2015 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: I have a Confession...Dave Ramsey...Help!
Replies: 70
Views: 7918

Re: I have a Confession...Dave Ramsey...Help!

I read your other thread and thought you had way more cash and way more debt than I would enjoy. But I hate paying interest and I hate low yield cash (get it invested or reduce debt). If you decide to move against cash then I would look first at cashflow (loans that can be entirely paid off) and int...
by sesq
Tue Sep 01, 2015 4:38 pm
Forum: Investing - Theory, News & General
Topic: 401(k) IRA Rollover Promotion Money
Replies: 18
Views: 838

Re: 401(k) IRA Rollover Promotion Money

I don't know about "can", but what likely "will" happen is the custodian will deposit it into the IRA. This will be treated as "interest" earned by the account and thus tax deferred (or tax free if its a roth). At least that seems to be the result when I transfered an I...
by sesq
Tue Sep 01, 2015 10:44 am
Forum: Personal Consumer Issues
Topic: Concrete garage floor paint/sealer
Replies: 12
Views: 1497

Re: Concrete garage floor paint/sealer

I did a DIY epoxy from either HD or Lowes seven years ago. We added grit to reduce slipperyness, which was a good add. My garage was brand new at the time and we etched it with the acid provided. I even added an additional sealer poly-euthene as a top cot. Over time we still experience "hot tir...
by sesq
Fri Aug 28, 2015 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Joint finances and cash management
Replies: 38
Views: 2827

Re: Joint finances and cash management

I have a lot of accounts (and credit cards) from chasing bonuses that are no joint. We have several accounts that are joint also. In the event of tragedy she would have some work to do to sort it out and I really need to write a financial map for her. The investment accounts are all IRAs, 401(k) and...
by sesq
Fri Aug 28, 2015 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Dear In-Laws: Less toys, more 529
Replies: 70
Views: 6573

Re: Dear In-Laws: Less toys, more 529

I think you are preaching to the choir hear polling boglehead grandparents of the merits of a 529 plan versus a tangible gift. We can all appreciate it, but for most people it will be too disconnected. They want to see happy little kids. My kids have a two sets of grandparents and 8 sets of aunts an...
by sesq
Thu Aug 27, 2015 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement with a pension
Replies: 38
Views: 4496

Re: Early retirement with a pension

I think you are stuck, the reward would be difficult to pass up, not just the pension money but also the tie to a negotiated medical plan seem pretty valuable. I would look into ways to mitigate such as the ability to trade shifts on an adhoc basis, or perhaps if you are part of a union that is some...
by sesq
Thu Aug 20, 2015 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: Why keep non-Roth 401ks post retirement?
Replies: 10
Views: 882

Re: Why keep non-Roth 401ks post retirement?

Q1: After I leave my "high earning" years and enter the post retirement "low tax rate" years, is there any reason not to convert my non-Roth 401k assets to Roth 401k assets? The conversion will still be subject to taxes and one may prefer to defer taxes as long as possible (or l...
by sesq
Mon Aug 17, 2015 3:00 pm
Forum: Personal Consumer Issues
Topic: How to soundproof interior walls
Replies: 24
Views: 2368

Re: How to soundproof interior walls

AVSForum is a home theater forum where folks take soundproofing seriously. The guys from this company are very reputable and you can just call them for advice. A lot of what will play into the cure is a mix of what kind of construction you have (e.g. drywall and studs or an older prperty with plaste...
by sesq
Mon Aug 17, 2015 10:36 am
Forum: Investing - Theory, News & General
Topic: Backdoor Roth: How Long To Wait For Conversion?
Replies: 14
Views: 1518

Re: Backdoor Roth: How Long To Wait For Conversion?

letsgobobby wrote:I wait one day. This is clearly a permitted move. I don't feel any anxiety about it at all.


Same here.
by sesq
Mon Aug 17, 2015 10:33 am
Forum: Investing - Help with Personal Investments
Topic: Is Savings rate better calculated via Gross or Net?
Replies: 23
Views: 1737

Re: Is Savings rate better calculated via Gross or Net?

I haven't done it in a while, but when I did keep a budget, its very easy to add another column to the spreadsheet and calculate it both ways. I did this for both my savings rate and my expenses. For some reason looking at my expenses as a percentage of income was helpful to understand my priorities...
by sesq
Mon Aug 17, 2015 10:28 am
Forum: Investing - Help with Personal Investments
Topic: Dealing with Inheritance - seeking help
Replies: 10
Views: 2038

Re: Dealing with Inheritance - seeking help

Sorry for your loss. I think your plan is a good one.

I would fund a Roth IRA even at 55. It never hurts (well, unless you have losses) to move money out of your taxable account into the tax free column.
by sesq
Fri Aug 14, 2015 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: General Finance Strategies for Upper Middle Class
Replies: 33
Views: 5382

Re: General Finance Strategies for Upper Middle Class

It is very close to stop and shop so I took my own advice and wrote down the items in my wife's cart, then went over to stop and shop to compare. Overall, surprisingly, the stop and shop prices (per pound or per ounce) were cheaper. Not only that, we could buy one box of cereal instead of enough to...
by sesq
Thu Aug 13, 2015 9:17 am
Forum: Personal Consumer Issues
Topic: What should we do in South Korea?
Replies: 16
Views: 1834

Re: What should we do in South Korea?

I went for a week or so with my family, visiting my brother-in-law who was stationed there. The highlights to me were the DMZ and the BBQ. We also saw palaces, the Seoul tower (space needle on a hill), the war museum and several other sights. I got a custom suit and a sports jacket made in the shopp...
by sesq
Wed Aug 12, 2015 10:23 am
Forum: Personal Finance (Not Investing)
Topic: I got a raise! Now what?
Replies: 18
Views: 3160

Re: I got a raise! Now what?

I looked it up, it looks like the student loan interest deduction for a married person starts to phase out at $130k and is completely phased out at $160K of MAGI (Modified Adjusted Gross Income). So, 165-18 (403b) = 147, roughly the middle of the phaseout. Your itemized deductions (charity, state/lo...
by sesq
Tue Aug 11, 2015 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: I got a raise! Now what?
Replies: 18
Views: 3160

Re: I got a raise! Now what?

Since you are happy to reduce debt, why put the extra $1k against the house (2.58% and deductible) and not the student loans (3.25%, I believe nondeductible at your income)? Is the remodel the right idea (given potential cost overruns) or should you just plan to move in a few years? One rarely recov...
by sesq
Mon Aug 10, 2015 1:37 pm
Forum: Personal Consumer Issues
Topic: How much do you pay for monthly landscaping?
Replies: 28
Views: 2737

Re: How much do you pay for monthly landscaping?

$40 a mow. I should cancel since I am past my busy spring but I do like the service. We usually hire out the mulch work and there is usually some side project lumped in with that in the spring so it winds up being about $800. I run the sprinklers in the summer and that adds $80/mo to the water bill....
by sesq
Mon Aug 10, 2015 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Who are you able to share good financial news with?
Replies: 103
Views: 8687

Re: Who are you able to share good financial news with?

Spouse. Sometimes here, and sometimes with my best friend / best man. He is a "starving" artist who maximizes his freedom but will never pile up much cash. We are on different paths and so the comparison urge is pretty limited. I used to say more to my parents since I know they are good wi...
by sesq
Mon Aug 03, 2015 10:18 am
Forum: Personal Consumer Issues
Topic: Major home renovation your thoughts
Replies: 39
Views: 3985

Re: Major home renovation your thoughts

It sounded like the scope of your list would have made it a candidate for a tear-down. I'd rather do that than putting $300k into a 43 year old home. Happy hunting.
by sesq
Thu Jul 30, 2015 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Divorce [financial implications]
Replies: 72
Views: 7081

Re: Divorce [financial implications]

Twins Fan wrote:Really? It's interesting how different this stuff can be state to state.


There are people who move to jurisdiction shop the alimony rules. Establish residency (six month to a year), then drop the bomb.
by sesq
Tue Jul 28, 2015 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Divorce [financial implications]
Replies: 72
Views: 7081

Re: Divorce

I am not a lawyer, but I am not sure they deserve all the blame for making the process contentious. Divorce lawyers have a conflict of interest; they make more money when the divorce is contentious. Perhaps they do not deserve "all" of the blame, but I don't think there is any question th...
by sesq
Tue Jul 28, 2015 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Divorce [financial implications]
Replies: 72
Views: 7081

Re: Divorce

I am not a lawyer, but I am not sure they deserve all the blame for making the process contentious. My wife and I have had a couple friends divorce and we have given advice when asked. In the contentious situations one divorcing spouse was very controlling and directing their lawyer to scorch the ea...
by sesq
Tue Jul 28, 2015 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Do I need Umbrella Insurance if my Assets < Liability Limits?
Replies: 14
Views: 1366

Re: Do I need Umbrella Insurance if my Assets < Liability Limits?

Most of my assets are in classes that can't be touched by a tort or bankruptcy (e.g. 401(k)). However, I seem to recall that in my state something like 25% of my pay each year could be garnished in a judgement unless I could prove poverty. So I have an umbrella policy. I would do this even if I live...
by sesq
Fri Jul 24, 2015 9:41 am
Forum: Investing - Help with Personal Investments
Topic: Mom Investment CEO Needs Help!
Replies: 26
Views: 2274

Re: Mom Investment CEO Needs Help!

If I am reading this correctly the OP has a non-deductible IRA with basis, and no other IRA's. OP's spouse has a rollover IRA. If this is correct the OP is able to do the backdoor Roth on HER IRA. The "I" stands for individual, so if she were to convert the pro-rata rule would only apply t...
by sesq
Thu Jul 23, 2015 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: I'm a spender?
Replies: 44
Views: 5984

Re: I'm a spender?

I do similar things as you do, which is despite abundance I live like things are scarce. In my 20's I was maxing out my retirement accounts to keep money out of my spendable pocket. Every now and again I would experience a cash crunch and have to shuffle things around to cover something. Now married...
by sesq
Thu Jul 23, 2015 1:46 pm
Forum: Investing - Help with Personal Investments
Topic: Greatly appreciate advice for my personal finances.
Replies: 26
Views: 2594

Re: Greatly appreciate advice for my personal finances.

Stick around and I am sure you'll be able to give advice like the rest of us.

For the ETF question, the wiki is pretty good. Can't go wrong with either really.

https://www.bogleheads.org/wiki/ETFs_vs_mutual_funds
by sesq
Thu Jul 23, 2015 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home - unexpected competition
Replies: 113
Views: 14028

Re: Selling home - unexpected competition

In my case, it's getting to the point where I'm going to have to seriously consider selling the house to avoid the CG tax.... It's only going to take another ~10-15% to do that.... Once the homeowners exclusion goes away, the prospect of a 35% tax on my additional house "401(k)" gains see...
by sesq
Thu Jul 23, 2015 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Family budget advice
Replies: 14
Views: 1880

Re: Family budget advice

The paycheck that funds the FSA won't need a new W-4 since the taxes withheld will be adjusted to reflect the new pre-tax deduction. The W-4 mechanism is inperfect since it doesn't know what the other spouse makes, bonuses and only crudely estimates deductions, exemptions and credits. The best way t...
by sesq
Wed Jul 22, 2015 10:03 am
Forum: Investing - Help with Personal Investments
Topic: Greatly appreciate advice for my personal finances.
Replies: 26
Views: 2594

Re: Greatly appreciate advice for my personal finances.

I honestly didn't care for owning rental properties that much because after the govt took its share it really wasn't that much income that I kept in pocket (were lower end condos aimed at Vanderbilt college students, about 700/mo average). But my radiology partner has been talking up building a rea...
by sesq
Tue Jul 21, 2015 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: How do people afford children with a SAHS?
Replies: 183
Views: 11199

Re: How do people afford children with a SAHS?

easye418 wrote:
If push came to shove, she could probably work 2-12 hour shifts a week and we can put our child in daycare.


How about a weekend 12 hour shift? Maybe plus an evening shift. No daycare needed then. Its a sacrifice (together family time), but one I would strongly consider.
by sesq
Tue Jul 21, 2015 2:33 pm
Forum: Investing - Help with Personal Investments
Topic: Greatly appreciate advice for my personal finances.
Replies: 26
Views: 2594

Re: Greatly appreciate advice for my personal finances.

Can you roll the old IRA into your 401(k)? Would open up the backdoor Roth IRA. Did you like owning rental properties? Its certainly an option but I wouldn't enjoy it, so I would just work on building a taxable account with tax efficient index funds. You are presumably in the top tax bracket, so the...
by sesq
Tue Jul 21, 2015 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: How do people afford children with a SAHS?
Replies: 183
Views: 11199

Re: How do people afford children with a SAHS?

I don't know why everyone is picking on you for the house. In my view it's a reasonable size relative to your income Well, the mortgage is 3X the combined income and he is proposing to drop one of the salaries. I know the old rules of thumb are not ideal given the low rate environment, but OP start...
by sesq
Thu Jul 09, 2015 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage Planning: Student Loans and General Finances Questions
Replies: 3
Views: 552

Re: Marriage Planning: Student Loans and General Finances Questions

On the cost of kids, the basics of food and diapers isn't a big deal. Daycare is a big deal. Loss of an income is a big deal. If the house needs to be bigger or in a better school system, likely a big deal. If there are health issues, could be a big deal. When they get a bit older activities can add...
by sesq
Thu Jul 09, 2015 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Should we do this renovation? (And should we use cash or HELOC)?
Replies: 14
Views: 1023

Re: Should we do this renovation? (And should we use cash or HELOC)?

I would not renovate to move. I think you need to decide if your love of the neighborhood and lifestyle is worth paying for the reno plus private school, viewing the lottery possibility as a windfall only. If that does not match your desires I'd plan on selling without doing the reno. I say this as ...
by sesq
Thu Jul 09, 2015 9:42 am
Forum: Investing - Theory, News & General
Topic: Suze Orman Show Summary
Replies: 55
Views: 7895

Re: Suze Orman Show Summary

I liked having the option to watch on a lazy saturday night, so I miss the show. I liked the "how am I doing" and "can I afford it" segments. Though I didn't usually enjoy the "focus" segment as they were often a bit too emotional for my taste (I guess I am just the col...
by sesq
Wed Jul 08, 2015 2:27 pm
Forum: Personal Consumer Issues
Topic: kitchenaid vs. bosch dishwasher
Replies: 61
Views: 3513

Re: kitchenaid vs. bosch dishwasher

I got a ~$850 Bosch in my house when it was built 7 years ago. Its been fine. I do note that in the last year or so its not as whisper quiet as it used to be. When I first purchased it the lack of a heating element surprised and annoyed me. I am used to it, but I'd rather have the heating element. W...
by sesq
Mon Jul 06, 2015 2:47 pm
Forum: Personal Consumer Issues
Topic: What is the best meal you've had at a restaurant?
Replies: 119
Views: 11592

Re: What is the best meal you've had at a restaurant?

Long ago, and far away (1971, Hurst Texas), I was young, dumb, and dead broke. My rent was paid, no job, but I was waiting on my last paycheck which was due in 7 days. So I sat in my apartment, drank lots of water, and waited. Like I said, I was not the sharpest tool in the shed. Anyway, the check ...
by sesq
Fri Jun 26, 2015 8:32 am
Forum: Investing - Help with Personal Investments
Topic: Strategy for age 62 - 70?
Replies: 33
Views: 3523

Re: Strategy for age 62 - 70?

I think the thing to factor is whether the RMD's will make your SS benefits taxable. More to the point, whether the conversions would prevent that. Then its no longer horse trading 15% now versus 15% (subject to change) then. Keep in mind the threshholds for taxing SS are not subject to inflation ad...
by sesq
Thu Jun 25, 2015 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Where to go from here with my Personal Finances?
Replies: 19
Views: 3387

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

need to stop spending, $3k - store cards $3.3k - furniture $5.7k - honeymoon This are the symptoms of your past spending habits (possibly the medical if it was cosmetic). Its harder to fix when the kids come along. Good job selling stuff to reverse this a bit. The bit quoted above, learning to defe...
by sesq
Thu Jun 25, 2015 2:22 pm
Forum: Investing - Theory, News & General
Topic: When saving money becomes an irrational obsession
Replies: 146
Views: 24949

Re: When saving money becomes an irrational obsession

I had a great uncle who always wanted to got to the Hiltop Steakhouse, north of Boston. A local joint, better than Outback, but nowhere near in price to say Morton's. His wife always told him they couldn't afford it. This went on for decades. When his wife died he learned that they had a passbook sa...
by sesq
Thu Jun 25, 2015 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Home renovation funding
Replies: 36
Views: 2933

Re: Home renovation funding

Most 401(k) loan plans that I have seen are capped at the lesser of 50% of the balance or $50k. Make HEL or HELOC (or refi) more likely.
by sesq
Wed Jun 24, 2015 5:59 pm
Forum: Personal Consumer Issues
Topic: Money arguments with spouse and how did you resolve
Replies: 72
Views: 9125

Re: Money arguments with spouse and how did you resolve

Like many here my wife and I generally agree on stuff. We just had a debate this past year about whether to do some renovations now or wait a year (my schedule stock vesting is a lot better then). We went back and forth and I ultimately agreed to move forward with the reno. On her pro side: This is ...
by sesq
Wed Jun 24, 2015 5:42 pm
Forum: Personal Consumer Issues
Topic: Backyard conundrum
Replies: 63
Views: 10412

Re: Backyard conundrum

H Golden 1 numbers: 1. APR(fixed) conventional at 3.25% | 2. 1.250% points | 3. NO PMI | 4. taxes/home insurance and mortgage is all included rasing our payment to $960/month for 15years!!!! | 5. new balance would be ~$138/k [/url] This would be a good/wise deal right? (I realize we are borrowing m...
by sesq
Wed Jun 24, 2015 5:37 pm
Forum: Personal Consumer Issues
Topic: Best Slat Wall / Pegboard Systems for Garage Storage
Replies: 15
Views: 1976

Re: Best Slat Wall / Pegboard Systems for Garage Storage

I have the Gladiator gearwall stuff covering all the walls in my garage. Way more expensive than pegboard but I felt it was worth it. I bought it all in January when HD, Lowes, Amazon and Sears all had sales going. My wife and I (not especially handy) installed it all ourselves. The electric bill fr...
by sesq
Mon Jun 22, 2015 2:50 pm
Forum: Personal Consumer Issues
Topic: Backyard conundrum
Replies: 63
Views: 10412

Re: Backyard conundrum

I would look at the rates of the refi and its closing costs (assume you find a loan that folds them into the rate) versus the HELOC and build an amortization schedule for each in excel. Pick the one with the lower cost, although be wary of the variable rate on the HELOC, PMI (not likely unless your ...
by sesq
Thu Jun 18, 2015 1:18 pm
Forum: Personal Consumer Issues
Topic: Gifting Money at Parties
Replies: 220
Views: 14786

Re: Gifting Money at Parties

Also, I've declined every co-worker wedding invite I've ever gotten. I don't socialize with them, and frankly I never understood why I was even invited just because our paychecks have the same company logo. And especially the invites to co-worker's children's weddings! So no doubt that's saved me f...
by sesq
Thu Jun 18, 2015 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Suggestions on what to pay off first: mortgage or car payment
Replies: 23
Views: 2605

Re: Suggestions on what to pay off first: mortgage or car payment

If you are in the 25% bracket or higher its close to a push interest-wise (3.4*.75=2.55% vs 1.9%). Unless money burns a whole in your pocket in the form of upgraditis automotive I'd pay the car first to open up future cashflow benefits. I assume you already getting the match in your retirement plan ...
by sesq
Wed Jun 17, 2015 9:39 am
Forum: Personal Consumer Issues
Topic: "Phantom" Tipping
Replies: 68
Views: 11450

Re: "Phantom" Tipping

And there are honest mistakes. My wife and I had a terrific meal and great service at a Ruth's Chris Steak House, and when they brought the check, it seemed... high... and I noticed it was for three steaks. The waitperson apologized and immediately carried that check to a nearby table with three pe...
by sesq
Thu Jun 04, 2015 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Big Decision to Make
Replies: 58
Views: 9816

Re: Big Decision to Make

If you retain the ability to quit and leave, the wife is on board, then why not try. You and your wife have a better understanding of the middle east than many of us do. I will mention that a $1M NW isn't all that. Its not bad either. Crossing the line just didn't have the payoff that you might imag...
by sesq
Thu Jun 04, 2015 10:34 am
Forum: Personal Consumer Issues
Topic: Mint + Santander
Replies: 3
Views: 586

Re: Mint + Santander

I have had an account for about 15 months and used Mint that entire time (used daily). I find that every account has periods where it updates poorly. Santander doesn't stick out as being bad in that regard. I like getting $20/mo.

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