Search found 361 matches

by 2Birds1Stone
Thu Nov 16, 2017 10:46 am
Forum: Investing - Help with Personal Investments
Topic: Too much risk for early retirement?
Replies: 21
Views: 3188

Re: Too much risk for early retirement?

Your assets could sustain your spending at a roughly 3% withdrawal rate. Once kids are off to college and grow up, are you planning on staying in $1.4M high tax house? If there is even a remote possibility of downsizing when you're empty nesters, you can financially retire today. Do you have somethi...
by 2Birds1Stone
Thu Nov 16, 2017 9:06 am
Forum: Personal Finance (Not Investing)
Topic: Fair way to split expenses?
Replies: 105
Views: 4494

Re: Fair way to split expenses?

I never liked the idea of contributing as a % of our income in our situation since we don't want kids. Why would one spouse subsidize the other? would you be more or less inclined to advance your career if your spouse would just pick up the slack for your lack of wage growth? Because you and I have...
by 2Birds1Stone
Thu Nov 16, 2017 8:44 am
Forum: Investing - Theory, News & General
Topic: Do you keep anything in your portfolio as a monument to your bad decisions?
Replies: 69
Views: 4772

Re: Do you keep anything in your portfolio as a monument to your bad decisions?

About $25k worth of physical bullion. Purchased 5 years ago, lost about 25%.
by 2Birds1Stone
Wed Nov 15, 2017 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Fair way to split expenses?
Replies: 105
Views: 4494

Re: Fair way to split expenses?

Interesting debate that seems to pop up on various finance forums regularly. We are not married, yet. My fiance and I have been living together for 7 years and started doing so when we were young and had little to no professional experience and a low income. We split the rent/utilities 50/50 and kep...
by 2Birds1Stone
Thu Nov 09, 2017 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: How old are you and how much do you save for retirement a year
Replies: 151
Views: 12734

Re: How old are you and how much do you save for retirement a year

29 (average age of SO and I)

$18,000 his 401k
$18,000 her 401k
$5,500 his Roth
$5,500 her Roth
$6,750 their HSA
$12,000 their taxable/savings

Works out to $65-70k/yr with employer matches/tiny profit sharing.

We have 8X annual expenses saved/invested. Looking to retire by 40, at the latest.
by 2Birds1Stone
Tue Oct 24, 2017 9:39 am
Forum: Investing - Help with Personal Investments
Topic: How young is too young to retire.
Replies: 55
Views: 8313

Re: How young is too young to retire.

I am planning on exiting the rat race at age 40, switching to some sort of part time work that provides insurance and socializing.

By then we will be at ~20X annual expenses, the remaining 10X should happen from portfolio growth while we work our 16-24 hour weeks =)
by 2Birds1Stone
Mon Oct 23, 2017 8:01 pm
Forum: Personal Consumer Issues
Topic: what is your weekly workout routine?
Replies: 68
Views: 4330

Re: what is your weekly workout routine?

I mountain bike 1-2 x per week for 60-90 minutes
I run 2X a week for a total of 12-18 miles
I lift 3x per week (upper pull, upper push, legs)

During the summer I also swim 1x a week .5-1 mile, open water with a wetsuit.
by 2Birds1Stone
Mon Oct 16, 2017 8:51 pm
Forum: Investing - Theory, News & General
Topic: How does everyone keep track of your portfolio?
Replies: 107
Views: 7084

Re: How does everyone keep track of your portfolio?

Personal Capital tracks and updates your net worth on an ongoing basis for free. The software is quite good. And did I mention it is free? The downside: They may have one of their financial advisors contact you to ask if you want to have them manage your investments for a fee, but there is no oblig...
by 2Birds1Stone
Wed Oct 11, 2017 6:32 pm
Forum: Investing - Theory, News & General
Topic: 10 year anniversary of the beginning of the Great Recession
Replies: 45
Views: 4371

Re: 10 year anniversary of the beginning of the Great Recession

My present self is thankful that 10 years ago I had $0 in assets, and $0 in liabilities.
by 2Birds1Stone
Sun Oct 08, 2017 8:35 am
Forum: Personal Consumer Issues
Topic: Too much house? (nervous 1st time buyer)
Replies: 57
Views: 4251

Re: Too much house? (nervous 1st time buyer)

I would rent for now, your job sounds safe but having the freedom to relocate if things change is huge. As others have also mentioned, usually when you find a long term partner (spouse) you will want to find something together. Rent for now while you are single and keep the aggressive savings rate up!
by 2Birds1Stone
Sat Oct 07, 2017 10:12 pm
Forum: Investing - Help with Personal Investments
Topic: How big a portfolio should I have before retiring?
Replies: 52
Views: 7024

Re: How big a portfolio should I have before retiring?

If my wife was making $60k+/yr with the ability to increase over time, I would retire today.
by 2Birds1Stone
Tue Oct 03, 2017 7:11 am
Forum: Personal Finance (Not Investing)
Topic: loosening the purse strings a bit at 37?
Replies: 30
Views: 4004

Re: loosening the purse strings a bit at 37?

Assumptions I used on H&R block's tax "calculator" MFJ with 2 kids at home using "self employment income" Skipped "expenses" Entered in $225K income - (FICA tax +18K deferred accounts). I forgot to enter in the $6.9K for HSA. So it should be $46.6K federal income tax. So that should be a little mor...
by 2Birds1Stone
Mon Oct 02, 2017 11:09 am
Forum: Personal Finance (Not Investing)
Topic: loosening the purse strings a bit at 37?
Replies: 30
Views: 4004

Re: loosening the purse strings a bit at 37?

OP, What is your current annual expense? The numbers do not add up. If you plan to only save 46K (retirement) + 10K (529) = 56K per year, how much do you plan to spend every year? And, if you plan to spend that much every year, is 2.5 million enough for your retirement? Those numbers just do not ad...
by 2Birds1Stone
Sun Oct 01, 2017 9:06 am
Forum: Personal Finance (Not Investing)
Topic: loosening the purse strings a bit at 37?
Replies: 30
Views: 4004

Re: loosening the purse strings a bit at 37?

I'm a little confused. You have a $225-250k salary, and are putting away 20% of your gross income moving forward? ($46k/237.5k) You say that $30k is a 6 month emergency fund. So your core expenses are $60k/month? Sounds like your purse strings are quite loose. Where is the other $$ going? Besides ta...
by 2Birds1Stone
Sun Oct 01, 2017 9:02 am
Forum: Personal Finance (Not Investing)
Topic: What age did you become debt free and what opportunities did it create?
Replies: 131
Views: 18704

Re: What age did you become debt free and what opportunities did it create?

My fiance and I are 26/30 respectively and never owned a home. We have about $4k in student loan debt, that we will wipe out over the next 14 months. Staying largely debt free has allowed us to contribute a significant portion of our incomes over the past 5 years into investments. We will be in a po...
by 2Birds1Stone
Sun Oct 01, 2017 8:55 am
Forum: Personal Finance (Not Investing)
Topic: How much liquid Cash to Keep in Savings
Replies: 35
Views: 4898

Re: How much liquid Cash to Keep in Savings

If you are generating 5% annually on your $40k you can even consider it as part of your bond portfolio and hold more equities in your investments. If you are generating 5% on your emergency savings please let the rest of us know how you are pulling this one off. :wink: :sharebeer Read the first 2 p...
by 2Birds1Stone
Mon Sep 25, 2017 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Spouse Money Management
Replies: 94
Views: 6464

Re: Spouse Money Management

I would never agree to regularly support a GF over an extended period of time.

A spouse or long term partner? That's a different story. Lots of great advice in this thread.
by 2Birds1Stone
Mon Sep 25, 2017 2:59 pm
Forum: Personal Consumer Issues
Topic: Lifestyle Creep
Replies: 142
Views: 12158

Re: Lifestyle Creep

lostdog wrote:
Mon Sep 25, 2017 7:51 am
A luxury car. An Infiniti G37x coupe. It was a mistake and I learned my lesson. Never again. I sold it and bought a used 2011 Toyota Corolla.
Why the regret? Did you have problems?

Purchased a G37s Coupe 2 years ago, and despite depreciation have been relatively happy.
by 2Birds1Stone
Thu Sep 21, 2017 10:55 am
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 220
Views: 25012

Re: I won the Lottery. Need sound advice.

Yikes, this sounds like one of those broke -> windfall -> broke stories in the making, but I hope you prove me wrong.

Some great advice already in the thread. Get rid of debt, automate the investments, and go on with your life.

:sharebeer
by 2Birds1Stone
Tue Sep 19, 2017 1:56 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on "entertainment"?
Replies: 50
Views: 3550

Re: How much do you spend on "entertainment"?

We spend about $500/month on restaurants, bars, alcohol at home, lunch during work.

While that seems kinda high, our gross income is ~$11,500/month with no debt.
by 2Birds1Stone
Wed Aug 30, 2017 10:35 am
Forum: Personal Finance (Not Investing)
Topic: What should the savings be for an average professional
Replies: 168
Views: 17489

Re: What should the savings be for an average professional

Can't comment on how much someone in that scenario SHOULD have, but this thread sure makes me very glad to be part of a DINK couple. Even in a HCOL area, with a HS diploma/AA degree my SO and I lucky enough to have 2X gross annual income saved at age 30/26. If we have kids down the line (35/31) we s...
by 2Birds1Stone
Wed Aug 16, 2017 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: How does personal wealth affect job hunting?
Replies: 57
Views: 7462

Re: How does personal wealth affect job hunting?

Not at the point where I can completely walk away, but we have about 6-7 years of expenses saved up in investments and that gives me the freedom to take a lot more risks with my career. I also stress a lot less about employment.
by 2Birds1Stone
Tue Aug 15, 2017 12:08 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Checkup - Major Life Event
Replies: 15
Views: 2062

Re: Portfolio Checkup - Major Life Event

retiredjg wrote:
Sat Aug 12, 2017 7:38 am
2Birds1Stone wrote:401k has Vanguard Total Bond Index Institutional shares @ something like a .06% ER.
I'd probably be using that one.

I'm not opposed to putting bonds into Roth IRA, but all things equal....I'd rather have stocks in Roth IRA than all bonds in Roth IRA.
Makes sense. Thanks again!

:sharebeer
by 2Birds1Stone
Fri Aug 11, 2017 9:00 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Checkup - Major Life Event
Replies: 15
Views: 2062

Re: Portfolio Checkup - Major Life Event

Hello, is there a reason that 401k is better for Bonds VS a Roth? It's not that a 401k is better for bonds than an IRA. It's that in general it's better to put assets with higher expected growth (stocks) in Roth accounts and assets with lower expected growth (bonds) in pre-tax accounts. That's beca...
by 2Birds1Stone
Fri Aug 11, 2017 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Feeling guilty about travel expenses
Replies: 25
Views: 3316

Re: Feeling guilty about travel expenses

A great article on the topic.

http://www.mrmoneymustache.com/2012/01/ ... etirement/

While I don't agree with everything MMM writes about, the math for small changes = huge results over time, is pretty eye opening.
by 2Birds1Stone
Fri Aug 11, 2017 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Feeling guilty about travel expenses
Replies: 25
Views: 3316

Re: Feeling guilty about travel expenses

Hey all, I'm in this situation where I find myself really guilty about my travel expenses this year. In September I have my third trip this year and the sooner it comes the more guilty I feel, actually I regret it a bit. Let me explain. I have a yearly net income of 29k Euro With my last 2 trips I ...
by 2Birds1Stone
Fri Aug 11, 2017 9:01 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Checkup - Major Life Event
Replies: 15
Views: 2062

Re: Portfolio Checkup - Major Life Event

2.I plan on getting to my goal allocation through new contributions. It will take at least 2-3 years to add enough bonds/equities to offset the heavy cash and precious metals position. There are not any tax issues with rebalancing within the retirement accounts so you should set it to your desired ...
by 2Birds1Stone
Fri Aug 11, 2017 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Opinions Needed - Are We Good?
Replies: 32
Views: 2989

Re: Opinions Needed - Are We Good?

Financially you are set.

As others have brought up, having something to retire to will be clutch.
by 2Birds1Stone
Thu Aug 10, 2017 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: Life at crossroads. What would you do ?
Replies: 198
Views: 18420

Re: Life at crossroads. What would you do ?

I work in tech as well. Old tech is hot. Not because of the tech, but because the SME's are drying up. Shit, some of the top paid guys I come across are mainframers with a decent knowledge of distributed software. With your wife's income, $2M in portfolio......sure 3.25% WR if you make NO money at a...
by 2Birds1Stone
Thu Aug 10, 2017 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: I pay $6K in rent. Am I an idiot for not buying?
Replies: 50
Views: 6902

Re: I pay $6K in rent. Am I an idiot for not buying?

If you are pulling in $80k/month or $960k a year......I have to laugh at the "if you don't buy now, you might not ever afford it" comments from IRL network. I'm also wondering how/why someone making a cool million a year is even asking this question. You've clearly won the game. Rent, buy, lease, it...
by 2Birds1Stone
Thu Aug 10, 2017 8:50 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Checkup - Major Life Event
Replies: 15
Views: 2062

Re: Portfolio Checkup - Major Life Event

Thank you Asif, that makes sense from a simplification standpoint, but I can see retiredjg's point as well. In terms of fund placement, I believe I am as tax efficient as possible. I am also not missing out on Admiral shares due to too many slices within an account. I have a follow up question of so...
by 2Birds1Stone
Thu Aug 10, 2017 1:52 pm
Forum: Investing - Theory, News & General
Topic: What Percentage CASH are you?
Replies: 90
Views: 6958

Re: What Percentage CASH are you?

Personally in terms of overall net worth, 33% right now. In terms of combined investable portfolio, ~10% between my SO and I. Actually just put up a case study/portfolio review with detailed allocation and some questions if anyone wants to weigh in? https://www.bogleheads.org/forum/viewtopic.php?f=1...
by 2Birds1Stone
Thu Aug 10, 2017 10:47 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Checkup - Major Life Event
Replies: 15
Views: 2062

Portfolio Checkup - Major Life Event

Good Morning Fellow BH's Until this point in my life, I have always viewed my finances as my own. We are now committed to marriage within the next few years and as a result I want to start thinking about our investments as one portfolio moving forward. Emergency fund: 2.5 years (earning 1-1.5% inter...
by 2Birds1Stone
Tue Aug 08, 2017 7:36 pm
Forum: Investing - Theory, News & General
Topic: news yesterday that Buffett has $100,000,000,000 in cash now
Replies: 65
Views: 9196

Re: news yesterday that Buffett has 100,000,000,000 in cash now

I read yesterday that Warren Buffett has now in cash $ 100,000,000,000. Berkshire Hathaway has $100M in cash ... not Buffet. Not the same thing. https://www.bloomberg.com/news/articles/2017-08-07/buffett-nears-a-milestone-he-doesn-t-want-100-billion-in-cash I hate to break it to everyone in this th...
by 2Birds1Stone
Tue Aug 08, 2017 12:48 pm
Forum: Investing - Help with Personal Investments
Topic: When to move money
Replies: 10
Views: 1779

Re: When to move money

If you need to use in 10 years I would pick a moderate stock/bond fund that aligns with your asset allocation desires.

50/50 fund should provide you with a healthy balance of gains and asset protection over a decade.
by 2Birds1Stone
Tue Aug 08, 2017 12:38 pm
Forum: Investing - Help with Personal Investments
Topic: How much do you think we need?
Replies: 9
Views: 1676

Re: How much do you think we need?

This post ignores the most important question, how high do you project your expenses in retirement? Between $50k/yr in pension, $3k/month in rental income, you already have enough to fund a $80k/yr lifestyle. That's not taking into account any other SEPP, IRA, Roth, TSP, brokerage, savings, etc acco...
by 2Birds1Stone
Tue Aug 08, 2017 10:57 am
Forum: Personal Finance (Not Investing)
Topic: kids think lazy if retire?
Replies: 70
Views: 8465

Re: kids think lazy if retire?

First of all, the folks stating that 30X current expenses is light.......I question your sanity and risk tolerance. WIth 30X current expenses @ 50, there is an extremely high probability that the OP will either receive health SS benefits or a pension at FRA. A 3.3-3.5% SWR has a 90-99% success rate ...
by 2Birds1Stone
Tue Aug 08, 2017 10:37 am
Forum: Personal Finance (Not Investing)
Topic: When does renting make sense
Replies: 112
Views: 10067

Re: When does renting make sense

My situation comes to mind. DINK couple in HCOL area. Median Home Price - $450k Median Annual Taxes - $15k Meanwhile, we are able to rent a 1 bedroom apartment that meets 90% of our needs for $1,100/month.....which would not even be enough to cover taxes on a home. This is not an apples to apples co...
by 2Birds1Stone
Mon Aug 07, 2017 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: How much do kids cost in a high COLA?
Replies: 57
Views: 4264

Re: How much do kids cost in a high COLA?

daveydoo wrote:Our kids were free but the maintenance has been prohibitive. We should've done the BH thing and just gone with ten year-old Japanese kids.
I hear that as long as you keep up with oil changes, they last forever.
by 2Birds1Stone
Sun Aug 06, 2017 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Do you count vehicle equity in net worth?
Replies: 203
Views: 11367

Re: Do you count vehicle equity in net worth?

I do count it, and I have depreciation as a line item in my monthly expense tracking.

A big part of my FI plans is actually selling my vehicle and slow traveling for a few years.
by 2Birds1Stone
Fri Aug 04, 2017 12:49 pm
Forum: Investing - Help with Personal Investments
Topic: Burned out at 28. Do I have enough?
Replies: 62
Views: 10255

Re: Burned out at 28. Do I have enough?

You remind me of myself, albeit my work situation is a bit better in terms of hours and travel. I believe you are in a great spot to take some time off to decompress, downshift into something less stressful and time intensive. You may be surprised that you are able to find something north of $50k bu...
by 2Birds1Stone
Fri Aug 04, 2017 11:46 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 276
Views: 25952

Re: A poll: How much money do you want to retire?

$1M to downshift into sporadic/part time/seasonal work.
$2M to never work again.

I am 30 and my SO is 26. We will reach the first mark in 2022, and the second by 2032.....that's assuming lower than average market returns and no increases in income.
by 2Birds1Stone
Mon Jul 31, 2017 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Should we increase our retirement savings rate?
Replies: 35
Views: 2950

Re: Should we increase our retirement savings rate?

Sounds like you and your spouse have healthy incomes. At the very least max out 401k/backdoor Roth IRA.
by 2Birds1Stone
Tue Jul 25, 2017 12:02 pm
Forum: Investing - Theory, News & General
Topic: Changes in your risk profile
Replies: 13
Views: 903

Re: Changes in your risk profile

That would be considered market timing.

If the strong market performance resulted in rebalancing bands being triggered, then that is a different story. But in that case I would just buy more bonds with new money and continue investing as usual otherwise.
by 2Birds1Stone
Tue Jul 25, 2017 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Pay yourself first.
Replies: 43
Views: 4222

Re: Pay yourself first.

Every month I contribute

$1,500 to 401k
$540 to HSA
$458 to Roth IRA

Anything over $100k in my high yield savings account gets spent into a taxable brokerage account once per quarter.
by 2Birds1Stone
Mon Jul 24, 2017 10:56 am
Forum: Personal Finance (Not Investing)
Topic: What's your personal savings rate?
Replies: 135
Views: 12347

Re: What's your personal savings rate?

2010 - 5%
2011 - 10%
2012 - 15%
2013 - 15%
2014 - 20%
2015 - 50% (career change)
2016 - 60%
2017 - 50% (estimated)

I've managed to keep my half of our combined annual expenses in the $24-25k/yr range while my gross income has climbed from $25k/yr in 2010 to $170k/yr in 2016.
by 2Birds1Stone
Mon Jul 24, 2017 10:52 am
Forum: Personal Consumer Issues
Topic: Anyone else extremely frugal?
Replies: 100
Views: 9160

Re: Anyone else extremely frugal?

Frugal to an extent. When my SO and I moved in together 6 years ago we were grossing ~$56k combined in a HCOL area. To this day we live on ~$45-50k/yr (net) but our income has more than tripled. We will be financially independent in less than a decade. Doesn't feel too bad to be frugal. :sharebeer :...
by 2Birds1Stone
Thu Jul 20, 2017 8:31 pm
Forum: Personal Consumer Issues
Topic: Investing well for Retirement can be frustrating
Replies: 52
Views: 4109

Re: Investing well for Retirement can be frustrating

I am in this situation a lot at my company.

I am happy for my coworkers who buy the house and the car. But I will be financially free decades before my peers.
by 2Birds1Stone
Wed Jun 28, 2017 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Can you share some of your financial goals?
Replies: 69
Views: 8523

Re: Can you share some of your financial goals?

Probably in a fairly small camp here within the Boglehead community but I am saving toward very early retirement/semi retirement. 2010 - 10% net savings rate Entered Megacorp World @ age 23 2011 - 25% net savings rate 2012 - 20% net savings rate 2013 - 25% net savings rate 2014 - 25% net savings rat...