Search found 68 matches

by 1x85zn
Tue Sep 13, 2011 3:15 pm
Forum: Personal Investments
Topic: Do we have enough?
Replies: 86
Views: 11501

"The OPs question wasn't how to reduce his expenses to live on less so he could retire early. His question was can he retire early with 100K in expenses."

Wouldn't you expenses be cut dramatically once both kids are out of college and working on their own?
by 1x85zn
Tue Sep 13, 2011 9:37 am
Forum: Personal Investments
Topic: Do we have enough?
Replies: 86
Views: 11501

rrosenkoetter wrote:If he doesn't have "enough", then 99% of us are screwed.
I think you should add a few more .9999999999999's to your estimate. :)

Great thread.
by 1x85zn
Tue Aug 30, 2011 9:21 pm
Forum: Personal Investments
Topic: Please advise
Replies: 24
Views: 4174

2 Million is the "high" that the Lawyers are aiming to settle for. It will issued to my Mother and some dispersed to the family. Anyway I think that scenario warrants its own thread and doesn't necessarily apply here. I will be posting again in the future hopefully.

Any general advice would still be appreciated. My immediate short term concern is taxes related to the settlement. Thanks for the book recommendation. This website really changed my outlook on finances and i'm glad to have found it!
by 1x85zn
Tue Aug 30, 2011 7:55 pm
Forum: Personal Investments
Topic: Please advise
Replies: 24
Views: 4174

Update!

Credit card debt is at 4800 now.

Tomorrow we're meeting for "mediation" for a settlement with a high of $2m.

I'd like to get a financial adviser, but if anyone has pointers in this scenario please let me know.
by 1x85zn
Tue Aug 23, 2011 9:07 pm
Forum: Personal Investments
Topic: Please advise
Replies: 24
Views: 4174

I took out all funds from my sharebuilder account and sold off my shares.
Next step is Vanguard fund the 15th...
by 1x85zn
Fri Aug 19, 2011 10:11 am
Forum: Personal Investments
Topic: The Money Show (aargh!)
Replies: 32
Views: 11020

Maybe you should write and complain to the show...
by 1x85zn
Thu Aug 18, 2011 10:09 am
Forum: Personal Investments
Topic: Please advise
Replies: 24
Views: 4174

Will do, err, VTTVX has $1000 min. I'll get started there
by 1x85zn
Thu Aug 18, 2011 9:31 am
Forum: Personal Investments
Topic: Please advise
Replies: 24
Views: 4174

Credit card debt is now down to $5800 and I have $650 in my share builder account. The Roth IRA is opened but I dont have any funds in it.

Should I wait until I have $3000 for a Target Date? or should I use something like Vanguard Star with a $1000 minimum?.
by 1x85zn
Tue Aug 16, 2011 4:27 pm
Forum: Personal Investments
Topic: Please advise
Replies: 24
Views: 4174

I've opened a Roth 401K with Sharebuilder. Will sell off my shares as soon as I can. Paid down $1000 to CC and will continue to rock and roll there.
by 1x85zn
Mon Aug 15, 2011 5:39 pm
Forum: Personal Investments
Topic: Please advise
Replies: 24
Views: 4174

No Worries - Thanks to this forum I get it and the first step is to manage debt and save.
by 1x85zn
Mon Aug 15, 2011 3:13 pm
Forum: Personal Investments
Topic: Please advise
Replies: 24
Views: 4174

Thanks for the information. Learning a ton daily...

Loan Information:

Stafford Sub - 2750.27 - 2.36%
Stafford Sub - 3608.37 - 2.36
Stafford Sub - 2823.38 - 2.36
Stafford Sub - 5636 - 2.36
Stafford Sub - 5658.48 - 2.36
Stafford Unsub - 5480.90 - 2.36
Total: $25,957.57
by 1x85zn
Sun Aug 14, 2011 10:50 am
Forum: Personal Investments
Topic: Please advise
Replies: 24
Views: 4174

The HR provider is insperity, they have retirement options listed on their website but no details. What would be the benefit of going through my employer rather than say sharebuilder? Would this replace or supplement the target date fund?

That said... my current plan is to:

1) Pay Down CC Debt aggressively
2) Check into Student Loan interest/refinance options.
3) Focus on saving aggressively once credit card is paid.
4) Start Target Date Fund

With 3&4 I should have 800/mo to safely save/invest.

Thanks for all the advise. Its starting to look better...
by 1x85zn
Sat Aug 13, 2011 1:33 pm
Forum: Personal Investments
Topic: A Heck of a time to start investing... first 401k
Replies: 14
Views: 1967

I know whats like to be in that credit card bind. Like you, I had a credit card balance with at 22% APR. My monthly interest was $160/mo which made it difficult to pay down. In order to reduce the interest, I used another credit card balance transfer offer for 0% APR for 12 months. It cost 4% (which was less than 2 months worth of interest). This allowed me to pay off 100% of the balance each month andI should have it all payed off in 4 months. Alternatively you can call them and ask them to lower the APR.. Good luck
by 1x85zn
Fri Aug 12, 2011 10:11 pm
Forum: Personal Investments
Topic: Please advise
Replies: 24
Views: 4174

-I guess I didn't make myself clear. Does your job offer a 401k to which you are allowed to contribute?

Yes, the job offered 401k (but did not match). It was a few years ago and introduced by our HR company so I dont know the details. Is it something to consider?
by 1x85zn
Fri Aug 12, 2011 6:16 pm
Forum: Personal Investments
Topic: Please advise
Replies: 24
Views: 4174

-Invest for both short and long term

Short Term - I'd like to pay down debt, and build up savings aggressively. I'm paying $1500/mo to my credit card and it should be gone in 4 months. I don't know the interest rate on my student loans but I'll look at that tonight. I believe I have 5 different loans which could possibly be consolidated? Once that is paid I will have about 800/mo to invest/save.

In ~5 years I'd like to move into a home of my own.

Long Term - I'd like to start saving towards retirement.
by 1x85zn
Thu Aug 11, 2011 8:41 pm
Forum: Personal Investments
Topic: Please advise
Replies: 24
Views: 4174

Thank you for recommending VTTVX - Is it your personal choice or one that you feel is suited for my goals? I recall comparing it with Retirement 2045 which 90% was stocks. Then things became more confusing.

The stocks were purchased when wrong advice was given. Which eventually led me to Boggleheads guide and this website.

No 401K saved unfortunately
by 1x85zn
Thu Aug 11, 2011 8:11 pm
Forum: Personal Investments
Topic: Please advise
Replies: 24
Views: 4174

If I am missing any crucial information please let me know.
by 1x85zn
Thu Aug 11, 2011 5:51 pm
Forum: Personal Investments
Topic: Please advise
Replies: 24
Views: 4174

Please advise

Hello Bogleheads,

Thanks for all your advice. I have decided to pay down debt and its all gone now.