Search found 13 matches

by Drock3307
Sun Aug 13, 2017 1:38 am
Forum: Personal Consumer Issues
Topic: Public vs Private Elementary
Replies: 57
Views: 3123

Re: Public vs Private Elementary

It looks like you are trying to analyze this from a purely financial perspective. In that case, public schools will always win. But do you have other criteria that is important for you to also consider, such as having your kids see their faith practiced daily or the role models you want your kids t...
by Drock3307
Sat Aug 12, 2017 9:19 pm
Forum: Personal Consumer Issues
Topic: Public vs Private Elementary
Replies: 57
Views: 3123

Re: Public vs Private Elementary

We can afford a private school but prefer public. We have friends with children of the same age as ours (second grade) in private schools and observe no difference in the quality of education. We are fortunate in being able to choose the public school that our child attends, and it is a very good o...
by Drock3307
Sat Aug 12, 2017 9:16 pm
Forum: Personal Consumer Issues
Topic: Public vs Private Elementary
Replies: 57
Views: 3123

Re: Public vs Private Elementary

Also attending a parochial school, I was well instructed in the religious component. If you/your wife want your children to be exposed in the same manner that you yourself probably were, it may be a consideration in your decision. - Ron This was our main reason but since we do this and teach our ki...
by Drock3307
Sat Aug 12, 2017 9:12 pm
Forum: Personal Consumer Issues
Topic: Public vs Private Elementary
Replies: 57
Views: 3123

Re: Public vs Private Elementary

I didn't attend a private school until my Ph.D. at MIT. The public schooling from kindergarten to bachelors degree seemed to prepare me well enough educationally for my short stint in private school. I can afford to send my kids to private school; I choose to send them to public school. Exactly my ...
by Drock3307
Sat Aug 12, 2017 9:04 pm
Forum: Personal Consumer Issues
Topic: Public vs Private Elementary
Replies: 57
Views: 3123

Re: Public vs Private Elementary

LEB1230 wrote: ↑
Sat Aug 12, 2017 8:43 pm
We already pay for school through taxes. As long as your in a good public school system I see no advantage to paying for private school.
Is great school rating a good basis in deciding if the public elementary is good or not? Of course we will go to open house to check other factors too. Thanks!
by Drock3307
Sat Aug 12, 2017 8:36 pm
Forum: Personal Consumer Issues
Topic: Public vs Private Elementary
Replies: 57
Views: 3123

Public vs Private Elementary

Both my wife and I went to Catholic school so it's only natural we like to send our kids to such at least during K-8 then Public during HS since private where we live is so expensive. We'd like to retire early, wife around 50-55, me around 60-62. We like to travel and feel we can travel more, which ...
by Drock3307
Sat Aug 12, 2017 8:17 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401K vs Traditional 401K
Replies: 25
Views: 1279

Re: Roth 401K vs Traditional 401K

If you can't decide, hedge, and do some of both. I max my pretax 401k, my after-tax 401k (converted annually to Roth), and two (backdoor) Roth IRAs each year. Given that employer match goes to pre-tax, this ends up as approximately $28k Roth and $37k pretax. I have a significant pension promise for...
by Drock3307
Sat Aug 12, 2017 8:13 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401K vs Traditional 401K
Replies: 25
Views: 1279

Re: Roth 401K vs Traditional 401K

Hi retiredjg! Why is Roth better at 25% bracket? What if my rate is lower at retirement (though really hard to know)? Thanks! Drock3307, Unless you have a good pension, why would your income tax rate at retirement be at 25%? https://taxfoundation.org/2017-tax-brackets/ For a couple, the taxable inc...
by Drock3307
Sat Aug 12, 2017 7:43 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401K vs Traditional 401K
Replies: 25
Views: 1279

Re: Roth 401K vs Traditional 401K

Thank you all! I thought we were at 25% but we are actually at 28% plus CA state. I expect we will be at a lower bracket at retirement unless the rates increase so seems traditional is the way to go then convert when our rate goes down in the future. But since we don't know where tax rates will be i...
by Drock3307
Sat Aug 12, 2017 7:35 pm
Forum: Investing - Help with Personal Investments
Topic: Pay down home or increase Retirement Contributions
Replies: 21
Views: 1356

Re: Pay down home or increase Retirement Contributions

Thank you everyone! After reading through, we'll do a combo to satisfy both sides. However, I will put more in retirement and less to extra principal payments than I had planned but still save about $50k in interest. Mathwise, I agree it make sense to contribute more to retirement than pay off mortg...
by Drock3307
Sat Aug 12, 2017 11:43 am
Forum: Investing - Help with Personal Investments
Topic: Roth 401K vs Traditional 401K
Replies: 25
Views: 1279

Re: Roth 401K vs Traditional 401K

Hi retiredjg!

Why is Roth better at 25% bracket? What if my rate is lower at retirement (though really hard to know)? Thanks!
by Drock3307
Sat Aug 12, 2017 11:19 am
Forum: Investing - Help with Personal Investments
Topic: Pay down home or increase Retirement Contributions
Replies: 21
Views: 1356

Pay down home or increase Retirement Contributions

Hello, our mortgage rate is only 2.62% on a 30-year loan thanks to employee discount of 2% my wife gets at her credit union job. We still have 26 years to go! Currently, we are putting in 15% in retirement. We are 35 and we started kind of late so feel we should be putting more than 15% but also wan...
by Drock3307
Sat Aug 12, 2017 11:11 am
Forum: Investing - Help with Personal Investments
Topic: Roth 401K vs Traditional 401K
Replies: 25
Views: 1279

Roth 401K vs Traditional 401K

Hello, my wife and I currently contribute to both. We have the traditional to earn some tax break now due to our income and assume our income will be less during retirement. However, I am worried tax rates will be much higher then. What is your strategy? Do you just put all in Roth now, pay the taxe...