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Re: Need outside advice on new truck

I just can't make myself by a truck that's an old body style. The GMC changed it's body style in 2014, so my option is to get one new now or wait and buy a used one in a couple of years with no warranty. My Tundra is fine, but there just comes a time when I would like to have a new truck to drive. I...
by ugaDAWGS09
Thu Feb 26, 2015 9:05 am
 
Forum: Personal Consumer Issues
Topic: Need outside advice on new truck
Replies: 23
Views: 1126

Need outside advice on new truck

I currently drive a 2008 Tundra with about 95k miles, and I have been looking to purchase a truck. I have spoken with different dealerships and they all say once my truck hits 100k miles the value will drop a good bit for my trade in. I have always said I won't purchase another new vehicle, but have...
by ugaDAWGS09
Thu Feb 26, 2015 8:40 am
 
Forum: Personal Consumer Issues
Topic: Need outside advice on new truck
Replies: 23
Views: 1126

Re: How much did you have saved up for retirement at age 30?

I will be turning 30 in four months. My wife and I currently have about 375k saved for retirement. We built a beautiful home in 2011 and hope to have it paid off in about 7 years or we could possibly have a lot more. I graduated pharmacy school just before turning 24 and have been saving well since....
by ugaDAWGS09
Tue Feb 24, 2015 8:59 am
 
Forum: Personal Finance (Not Investing)
Topic: How much did you have saved up for retirement at age 30?
Replies: 172
Views: 12270

How often do you purchase EE bonds?

I would like to purchase them each month, but my wife thinks that will make it difficult come tax time in 20 years. Is it easier if they are purchased in one lump sump each year, or do you just get a form (maybe 1099-r) with the amount you made total for the year? Thanks.
by ugaDAWGS09
Wed Feb 18, 2015 6:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: How often do you purchase EE bonds?
Replies: 8
Views: 786

Re: Need help buying diamond earring studs

Hey backdoor roth completed for 2014 and 2015 for both of us. I'm going to see if I can find some gold promo codes online.
by ugaDAWGS09
Mon Feb 16, 2015 11:44 pm
 
Forum: Personal Consumer Issues
Topic: Need help buying diamond earring studs
Replies: 13
Views: 814

Re: Need help buying diamond earring studs

Thanks everyone. Seems like Blue Nile is the recommended choice. I will give them a call tomorrow
by ugaDAWGS09
Mon Feb 16, 2015 10:59 pm
 
Forum: Personal Consumer Issues
Topic: Need help buying diamond earring studs
Replies: 13
Views: 814

Re: Need help buying diamond earring studs

Anyone? Thanks
by ugaDAWGS09
Mon Feb 16, 2015 8:46 pm
 
Forum: Personal Consumer Issues
Topic: Need help buying diamond earring studs
Replies: 13
Views: 814

Need help buying diamond earring studs

My wife and I are celebrating our 9th anniversary soon and I would like to get her a pair of diamond earring studs. She has been asking for these for a while, and I was just wondering how to know what a good price would be? Any of you here know much about buying diamonds and how not to get ripped of...
by ugaDAWGS09
Mon Feb 16, 2015 1:52 pm
 
Forum: Personal Consumer Issues
Topic: Need help buying diamond earring studs
Replies: 13
Views: 814

Re: Best laptop under $1000

Thanks, I should have mentioned I do prefer the Windows operating system.
by ugaDAWGS09
Sat Feb 07, 2015 10:45 am
 
Forum: Personal Consumer Issues
Topic: Best laptop under $1000
Replies: 26
Views: 2255

Best laptop under $1000

I'm looking to purchase a new laptop this weekend, and I'm hoping to find a good one for under $1000. I don't play games on the computer, so a gaming laptop isn't necessary. Looking for an all around good computer, 15" or bigger screen, 6-8 GB of RAM, DVD drive, and at least a 500 GB hard drive...
by ugaDAWGS09
Sat Feb 07, 2015 10:40 am
 
Forum: Personal Consumer Issues
Topic: Best laptop under $1000
Replies: 26
Views: 2255

Re: Form 8606 quick question

Thanks, I found it. It's all filled out correctly.
by ugaDAWGS09
Sat Feb 07, 2015 10:15 am
 
Forum: Investing - Help with Personal Investments
Topic: Form 8606 quick question
Replies: 3
Views: 283

Form 8606 quick question

My wife and I both did the backdoor Roth for the first time this year. We used turbo tax and followed the instructions provided http://thefinancebuff.com/how-to-report ... botax.html, do we have to still fill out the form 8606 or does TurboTax take care of that for us?
by ugaDAWGS09
Sat Feb 07, 2015 9:48 am
 
Forum: Investing - Help with Personal Investments
Topic: Form 8606 quick question
Replies: 3
Views: 283

Would maxing a Roth and 401k each year be enough?

If someone starts at age 30 and maxes out their Roth and 401k each year, will this be enough to retire comfortably by age 60? How much could this person expect to have by age 60?
by ugaDAWGS09
Thu Jan 22, 2015 5:48 pm
 
Forum: Investing - Theory, News & General
Topic: Would maxing a Roth and 401k each year be enough?
Replies: 17
Views: 2964

What age did you pay off your "forever" home

What age did you pay off your "forever" home and how did you do it? My wife and I built our forever home in 2011, and we are working hard to pay it off. We started small by paying one extra payment a year the first two years, but now we are adding 850 a month to the principal (started abou...
by ugaDAWGS09
Wed Jan 21, 2015 12:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: What age did you pay off your "forever" home
Replies: 52
Views: 4180

Re: Worth upgrading from Delta Gold to Platinum?

I think it's worth it if you fly a couple delta flights a year. My wife and I are flying to Colorado this weekend and saving $450 on the flight with her companion ticket. It was very easy to use and the times we were allowed to choose from were great times to fly out. Also, we save 50 dollars each w...
by ugaDAWGS09
Tue Jan 20, 2015 3:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Worth upgrading from Delta Gold to Platinum?
Replies: 4
Views: 377

Re: backdoor roth when under AGI limit

Sorry, I was thinking the original poster was in my boat and wanting to contribute without knowing his or her MAGI for 2014.
by ugaDAWGS09
Tue Jan 20, 2015 1:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: backdoor roth when under AGI limit
Replies: 16
Views: 1230

Re: backdoor roth when under AGI limit

He said go ahead and fund the traditional and then covert to Roth, and it wouldn't matter if I was under or over the MAGI limit for 2015. If you find you are under the MAGI limit, consider a recharacterization to Roth instead of a conversion. If you convert, you will pay taxes on the gains. If you ...
by ugaDAWGS09
Tue Jan 20, 2015 1:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: backdoor roth when under AGI limit
Replies: 16
Views: 1230

Re: backdoor roth when under AGI limit

I called Vanguard about this topic. They told me you can fund a traditional IRA anytime (assuming you don't hold any other IRA), and convert it over to a Roth. I wanted to go ahead and fund my 2015 Roth now instead of waiting till Dec to determine my MAGI. He said go ahead and fund the traditional a...
by ugaDAWGS09
Tue Jan 20, 2015 12:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: backdoor roth when under AGI limit
Replies: 16
Views: 1230

Re: backdoor roth when under AGI limit

However, I do wish we could find some confirmation on this subject. Would be nice to know that there is indeed no penalty.
by ugaDAWGS09
Mon Jan 19, 2015 8:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: backdoor roth when under AGI limit
Replies: 16
Views: 1230

Re: backdoor roth when under AGI limit

I asked this yesterday and was told it doesnt' matter. We are so close each year and have to wait till December based on income, but this year we are going to go ahead and do the backdoor roth and contribute for 2015. I think the only difference is if you do a backdoor vs regular Roth you can't with...
by ugaDAWGS09
Mon Jan 19, 2015 6:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: backdoor roth when under AGI limit
Replies: 16
Views: 1230

Backdoor Roth question

Both my wife and I maxed out Roth last year using the backdoor method. Our MAGI was about 3k above the phase out limit. What I wanted to ask was if we think we are going to be over again can we go ahead and fund the traditional IRA tomorrow, then convert to a Roth. I'm not sure if there is any penal...
by ugaDAWGS09
Sun Jan 18, 2015 10:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth question
Replies: 1
Views: 238

Re: EE bonds vs iBonds

Quick question about the taxes you pay with these bonds. With EE bonds assuming I contribute 20k and make 20k. I will pay taxes on the full 20k amount when I cash them in after 20 years?
by ugaDAWGS09
Sun Jan 18, 2015 12:00 am
 
Forum: Investing - Help with Personal Investments
Topic: EE bonds vs iBonds
Replies: 29
Views: 2569

Re: EE bonds vs iBonds

Right now, given the current economic data, it's projected the inflation rate for I bonds for May will be 0% and the fixed rate may be somewhere between 0-.20%. If that holds, your composite rate of 1.13% is going to have to be a heck of a lot higher in the following six months come November. Why d...
by ugaDAWGS09
Sat Jan 17, 2015 4:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: EE bonds vs iBonds
Replies: 29
Views: 2569

EE bonds vs iBonds

My wife and I are looking to purchase some EE bonds next week. The reason I like these bonds is the guaranteed double on your initial investment, and the exemption from state taxes. We are investing the full 20k, so our return after our 28% federal taxes should be 34,400 after the full 20 years. I l...
by ugaDAWGS09
Sat Jan 17, 2015 11:41 am
 
Forum: Investing - Help with Personal Investments
Topic: EE bonds vs iBonds
Replies: 29
Views: 2569

Re: How much does a large payment reduce mortgage

With the Penfed ARM I would be locked in at 2.75% for five years, but why is the APR different and what does it mean? Also, are you saying it could jump to 4.75% at most in 5 years but there isn't really any way to know this?
by ugaDAWGS09
Fri Jan 16, 2015 4:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much does a large payment reduce mortgage
Replies: 34
Views: 2760

Re: How much does a large payment reduce mortgage

I don't know why the calculator is giving me wrong numbers then. I plugged in some extra payments we have made over the past couple of years, and added in the 850 extra a month we have been paying for about a year. The calculator had my numbers matching exactly what my wife's excel spreadsheet had ...
by ugaDAWGS09
Fri Jan 16, 2015 12:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much does a large payment reduce mortgage
Replies: 34
Views: 2760

Re: How much does a large payment reduce mortgage

I don't know why the calculator is giving me wrong numbers then. I plugged in some extra payments we have made over the past couple of years, and added in the 850 extra a month we have been paying for about a year. The calculator had my numbers matching exactly what my wife's excel spreadsheet had c...
by ugaDAWGS09
Fri Jan 16, 2015 11:11 am
 
Forum: Personal Finance (Not Investing)
Topic: How much does a large payment reduce mortgage
Replies: 34
Views: 2760

Re: How much does a large payment reduce mortgage

Ok, I was able to go back and track all my payments and used the calculator provided. An extra 10k payment next month would reduce the term of my mortgage by 8 months, and save me $4711 in interest, but this doesn't figure in the mortgage deduction lost which I guess is going to be 4711 x .28 ( my f...
by ugaDAWGS09
Fri Jan 16, 2015 8:07 am
 
Forum: Personal Finance (Not Investing)
Topic: How much does a large payment reduce mortgage
Replies: 34
Views: 2760

How much does a large payment reduce mortgage

My wife and I built a home and have a 215k mortgage that started in Nov 2011. Interest rate is 3.875 for the 30 year mortgage. We have been paying extra and have our principal down to 187 k. We would like to put a 10 k lump sum on the mortgage but wanted to know how much interest it would save and i...
by ugaDAWGS09
Thu Jan 15, 2015 11:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much does a large payment reduce mortgage
Replies: 34
Views: 2760

Re: Fixed Income 2015

I guess what I have to consider is if I'm 100% going to hold the bond for 20 years, then I would think the EE bond would have to be worth more at that time. It seems that ibond rates have been dropping for a couple of years, but then again that could change at any time. Maybe it would make more sens...
by ugaDAWGS09
Wed Jan 14, 2015 9:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Fixed Income 2015
Replies: 16
Views: 1990

Re: Fixed Income 2015

Hey I'm very interested in this topic. Being in my late 20's is there any reason for me to prefer ibonds over ee bonds? Seems ee is like a 20 year 5% CD that earns all interest at once. I bonds seem up and down
by ugaDAWGS09
Wed Jan 14, 2015 7:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Fixed Income 2015
Replies: 16
Views: 1990

Re: EE bonds vs 5 yr CD's vs iBonds

Thanks everyone, this has been very helpful. My wife and I were just about to open a 50k 5 year CD at 2.25, but now we are going to do 10k each of EE bond and only 30k in the CD. I spoke with her about iBonds and we may do some next year, or even later in the year. However, she doesn't like the chan...
by ugaDAWGS09
Wed Jan 14, 2015 8:05 am
 
Forum: Investing - Help with Personal Investments
Topic: EE bonds vs 5 yr CD's vs iBonds
Replies: 8
Views: 980

Re: EE bonds vs 5 yr CD's vs iBonds

Also, with EE bonds doesn't it make the most sense to "cash them in" after 20 years, since the remaining 10 years could have a really low interest rate.
by ugaDAWGS09
Tue Jan 13, 2015 10:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: EE bonds vs 5 yr CD's vs iBonds
Replies: 8
Views: 980

EE bonds vs 5 yr CD's vs iBonds

I've just began reading up on EE bonds. If I'm understanding it correctly, the interest rate you earn will be adjusted every six months, but the bond will be worth at least double it's face value (purchase amount) if held for 20 years. Can this bond be worth more than double face value depending on ...
by ugaDAWGS09
Tue Jan 13, 2015 10:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: EE bonds vs 5 yr CD's vs iBonds
Replies: 8
Views: 980

Re: What is your opinion of this strategy?

My wife and I were talking about investing last night and she proposed a new strategy for me to consider. We are both 29 years old and make about 180-200k combined a year. We are currently maxing our tax-deferred accounts with an AA of 70/30, which comes to about 46k per year. Instead of investing ...
by ugaDAWGS09
Mon Jan 12, 2015 9:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: What is your opinion of this strategy?
Replies: 28
Views: 1652

Re: What is your opinion of this strategy?

Sounds like your wife is conservative, which is fine and good to recognize what she's comfortable with. Personally this allocation is too conservative for my tastes, especially at your age, but you're saving rate is so high (~1 year expense per year), even cash will get you to your goal. Congrats. ...
by ugaDAWGS09
Mon Jan 12, 2015 9:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: What is your opinion of this strategy?
Replies: 28
Views: 1652

Re: What is your opinion of this strategy?

What specific problem is the 5 yr CD ladder strategy trying to solve? My wife just likes the idea of having a large amount of money in a guaranteed 5 yr rolling CD ladder. She doesn't mind risking money pre-tax because it's out of sight out of mind, but as I stated she just likes to be MUCH more co...
by ugaDAWGS09
Mon Jan 12, 2015 6:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: What is your opinion of this strategy?
Replies: 28
Views: 1652

Re: What is your opinion of this strategy?

While you have to decide the annual amount, I think have a rolling CD ladder as part of one's fixed income portfolio is a sound decision. I would say that CDs as such are a perfectly reasonable investment, but I would not say that a plan to just invest everything over and above tax deferred investm...
by ugaDAWGS09
Mon Jan 12, 2015 5:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: What is your opinion of this strategy?
Replies: 28
Views: 1652

Re: What is your opinion of this strategy?

My wife and I were talking about investing last night and she proposed a new strategy for me to consider. We are both 29 years old and make about 180-200k combined a year. We are currently maxing our tax-deferred accounts with an AA of 70/30, which comes to about 46k per year. Instead of investing ...
by ugaDAWGS09
Mon Jan 12, 2015 5:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: What is your opinion of this strategy?
Replies: 28
Views: 1652

Re: What is your opinion of this strategy?

If it is figured into your overall AA, I think it's fine Have you considered splitting between cd's and iBonds? The iBonds would defer taxes until sale and might come with some tax reduction if used for college tuition I'm very inexperienced with iBonds and don't really know how they work? Are they...
by ugaDAWGS09
Mon Jan 12, 2015 5:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: What is your opinion of this strategy?
Replies: 28
Views: 1652

What is your opinion of this strategy?

My wife and I were talking about investing last night and she proposed a new strategy for me to consider. We are both 29 years old and make about 180-200k combined a year. We are currently maxing our tax-deferred accounts with an AA of 70/30, which comes to about 46k per year. Instead of investing o...
by ugaDAWGS09
Mon Jan 12, 2015 10:11 am
 
Forum: Investing - Help with Personal Investments
Topic: What is your opinion of this strategy?
Replies: 28
Views: 1652

Re: Need help increasing my bond/fixed income portion

So the general consensus is go with the bond fund and accept the risk and hope for a larger after tax return than the CD provides?
by ugaDAWGS09
Sat Jan 10, 2015 2:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need help increasing my bond/fixed income portion
Replies: 11
Views: 1320

Re: Need help increasing my bond/fixed income portion

Which would you expect to have the better return over five years? The CD will yield me 1.49% after state and federal taxes, but wouldn't it be impossible to figure the intermediate yield? I would definitely re-invest my dividends.
by ugaDAWGS09
Thu Jan 08, 2015 9:47 am
 
Forum: Investing - Help with Personal Investments
Topic: Need help increasing my bond/fixed income portion
Replies: 11
Views: 1320

Re: Need help increasing my bond/fixed income portion

Thanks, I didn't realize the ER was so much higher for the GA bond fund.
by ugaDAWGS09
Thu Jan 08, 2015 7:57 am
 
Forum: Investing - Help with Personal Investments
Topic: Need help increasing my bond/fixed income portion
Replies: 11
Views: 1320

Re: Need help increasing my bond/fixed income portion

53timr wrote:Some people like the T. Rowe Price Georgia Tax-Free Bond Fund GTFBX


I have never heard of this bond, I will need to compare it to Vanguard Intermediate Tax exempt. Thanks.
by ugaDAWGS09
Wed Jan 07, 2015 2:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need help increasing my bond/fixed income portion
Replies: 11
Views: 1320

Re: Need help increasing my bond/fixed income portion

victork wrote:Are municipal bonds available in Georgia?


I haven't found any other than individual ones and I don't want that risk.
by ugaDAWGS09
Wed Jan 07, 2015 12:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need help increasing my bond/fixed income portion
Replies: 11
Views: 1320

Need help increasing my bond/fixed income portion

My wife and I are looking to add more money to our fixed income/bond portion of our account. We are currently considering Vanguard Intermediate tax-exempt or a Nationwide 5 year CD at 2.25% to add to our CD ladder. We are 29 years old and are in the 28% federal tax bracket, and live in Ga so we have...
by ugaDAWGS09
Wed Jan 07, 2015 11:06 am
 
Forum: Investing - Help with Personal Investments
Topic: Need help increasing my bond/fixed income portion
Replies: 11
Views: 1320

Re: Am I being too conservative?

I feel more comfortable at 70/30 then say 80/20, and I'm not near as likely to be concerned with short term or even longer term fluctuations in the market. However, I don't want to be conservative that my wife and I can't retire until our mid 60's. We would both love to retire in our mid to late 50'...
by ugaDAWGS09
Sun Dec 21, 2014 9:01 am
 
Forum: Investing - Help with Personal Investments
Topic: Am I being too conservative?
Replies: 19
Views: 1608

Re: Am I being too conservative?

My wife and I are both 29, and I was wondering if you think we are being too conservative at our age? We currently both have very stable jobs, and make about 180-200k per year combined (depending on bonuses). Our investment accounts are set at 70/30. For the stock portion we use about 40% large cap...
by ugaDAWGS09
Sun Dec 21, 2014 8:57 am
 
Forum: Investing - Help with Personal Investments
Topic: Am I being too conservative?
Replies: 19
Views: 1608
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