Search found 27 matches

by HoboKent
Wed Mar 22, 2017 8:26 am
Forum: Personal Finance (Not Investing)
Topic: How did graduating out of daycare impact your finances?
Replies: 53
Views: 3943

Re: How did graduating out of daycare impact your finances?

Our younger child starts full time daycare next month and from then until September when the older one starts preK we will be paying at a rate of $46,000 per year. And that's with a subsidy through work. Eventually that should come down to about $18,000 for aftercare in about three years. I'm sure t...
by HoboKent
Mon Mar 20, 2017 7:37 pm
Forum: Investing - Help with Personal Investments
Topic: Utah Vs. New York 529 - Which one and why?
Replies: 18
Views: 869

Re: Utah Vs. New York 529 - Which one and why?

We've been saving with the NY 529 for about three years now. It just so happens that we pay tax in NY which made it an easy decision but so far I've been very satisfied. The funds have low ERs. The web dashboard is basic but has everything you need. I would recommend it.
by HoboKent
Mon Mar 20, 2017 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Roth IRA Excess Contributions
Replies: 10
Views: 840

Re: Roth IRA Excess Contributions

I would agree with the lack of training. It's a little bit disconcerting. Anyway, thank you very much for the guidance. At this point, I'll likely wait until December and do the distributions in one shot.
by HoboKent
Sun Mar 19, 2017 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA Excess Contributions
Replies: 10
Views: 840

Re: Roth IRA Excess Contributions

So I was ready to make a partial withdrawal of the excess contributions from my and wife's Roth accounts. I was thinking of taking $5000 now and leaving the remaining $37000 in the accounts until December since there's no additional penalty. I called Vanguard to ask if I could do this online as a no...
by HoboKent
Mon Mar 13, 2017 5:26 pm
Forum: Investing - Help with Personal Investments
Topic: ESPP is it worth it?
Replies: 10
Views: 750

Re: ESPP is it worth it?

There's a 1 year holding period after I contribute where I can't sell for any reason. One year later my contributions unlock and I can then sell them. At the end of that quarter (12-15 months after contribution) I get a 25% match if I still hold the shares and I can then sell the match immediately.
by HoboKent
Mon Mar 13, 2017 4:52 pm
Forum: Investing - Help with Personal Investments
Topic: ESPP is it worth it?
Replies: 10
Views: 750

Re: ESPP is it worth it?

The match is made at the price on the day it vests at the end of the quarter after the 1 year Hold Period. Basically there is no price discount either on the employee purchase or employer match. However, after a more careful reading of the plan, it does appear my earlier fear of having money tied u...
by HoboKent
Mon Mar 13, 2017 3:30 pm
Forum: Investing - Help with Personal Investments
Topic: ESPP is it worth it?
Replies: 10
Views: 750

Re: ESPP is it worth it?

I'd prefer not to identify the company but point taken that the lock period may not automatically expire if I'm let go.
by HoboKent
Mon Mar 13, 2017 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: IRA and college savings advice needed
Replies: 38
Views: 1479

Re: IRA and college savings advice needed

$4000 in an emergency fund seems pretty low especially if you're considering having to replace a vehicle in the next year. Most people recommend at least six months of expenses in an EF. If you're going to use an IRA for college savings, you'll want to go with a Roth account where you can withdraw t...
by HoboKent
Mon Mar 13, 2017 2:35 pm
Forum: Investing - Help with Personal Investments
Topic: ESPP is it worth it?
Replies: 10
Views: 750

Re: ESPP is it worth it?

The match is made at the price on the day it vests at the end of the quarter after the 1 year Hold Period. Basically there is no price discount either on the employee purchase or employer match. However, after a more careful reading of the plan, it does appear my earlier fear of having money tied up...
by HoboKent
Mon Mar 13, 2017 9:29 am
Forum: Investing - Help with Personal Investments
Topic: ESPP is it worth it?
Replies: 10
Views: 750

Re: ESPP is it worth it?

There's no discount, employee and any employer match are both purchased on the open market.
by HoboKent
Mon Mar 13, 2017 8:54 am
Forum: Investing - Help with Personal Investments
Topic: ESPP is it worth it?
Replies: 10
Views: 750

ESPP is it worth it?

I initially passed on enrolling in our Employee Stock Purchase Plan when it became available a little over a year ago. Lately, I've been hunting around for places to stash more cash since wife and I are maxing out our tax advantaged space and thought I'd give the ESPP a second look since it includes...
by HoboKent
Wed Mar 08, 2017 11:10 am
Forum: Investing - Help with Personal Investments
Topic: 401K
Replies: 5
Views: 343

Re: 401K

Definitely fund the 401k up to the full match. That's a guaranteed 100% return. Then put any excess into your IRAs.
by HoboKent
Tue Mar 07, 2017 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Need help picking term life policy
Replies: 20
Views: 917

Re: Need help picking term life policy

We just bought 20 year term policies. I recommend buying sooner rather than later since rates go up as you age. Lock in a low rate now while you're young and healthy. Also, for your wife, pregnancy can complicate things. It's probably already too late to get a policy during this pregnancy but I woul...
by HoboKent
Tue Mar 07, 2017 11:15 am
Forum: Personal Finance (Not Investing)
Topic: At what age did you drop life and disability insurance?
Replies: 56
Views: 3349

Re: At what age did you drop life and disability insurance?

Just bought 20 year term policies on myself and wife that will take us through age 60, which is the age we plan to stop working. At that point our youngest should be almost done with college. 529s will be funded, mortgage will be paid and we should be FI.
by HoboKent
Mon Mar 06, 2017 3:48 pm
Forum: Investing - Help with Personal Investments
Topic: Poll: For those 20 yrs away from retirement, what is your current asset allocation and future changes?
Replies: 33
Views: 1815

Re: Poll: For those 20 yrs away from retirement, what is your current asset allocation and future changes?

39 here, hoping to retire around 60. Currently 100% stock index funds, 26% international. Planning to adjust more conservative but maybe not for another 5-10 years. I've looked our net worth and feel I am prepared for a 50% decline, on paper, in our invested assets. Reasonably confident our emergenc...
by HoboKent
Mon Mar 06, 2017 11:23 am
Forum: Investing - Help with Personal Investments
Topic: Need Some Advice...
Replies: 1
Views: 245

Need Some Advice...

Hello All, Age: 39/40, two young children Tax Filing Status: Married Filing Jointly Tax Rate: 28% Federal, 6% State State of Residence: NJ Emergency Fund: About 8 months of expenses including IRA and 529 contributions. Could probably stretch this for a year if needed. Debt: Mortgage 310k @ 2.87% pai...
by HoboKent
Thu Feb 16, 2017 9:48 am
Forum: Local Chapters and Bogleheads Community
Topic: New York City Local Chapter established
Replies: 167
Views: 33233

Re: New York City Local Chapter established

Does this group meet quarterly? I'm interested in details on the next event, thanks.
by HoboKent
Fri Feb 10, 2017 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Get $250 from Wells Fargo
Replies: 68
Views: 9958

Re: Get $250 from Wells Fargo

We're both doing this, $500 for minimal work thank you very much. HSBC also has a combo offer...checking and credit card for $600 bonus. I think we pulled in almost $2,000 last year from these types of offers. Not a bad side-hustle.
by HoboKent
Fri Feb 10, 2017 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Roth IRA Excess Contributions
Replies: 10
Views: 840

Re: Roth IRA Excess Contributions

Ok, that all makes sense and is about what I was expecting at this point except for one thing...when I spoke with Vanguard they told me I needed to tell them this was a distribution for excess contributions, not a regular distribution. They said there was a different code for regular vs excess. That...
by HoboKent
Thu Feb 09, 2017 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA Excess Contributions
Replies: 10
Views: 840

Re: Roth IRA Excess Contributions

So the IRS is going to charge me interest on top of the penalty that I self-report? Wow, that's draconian. At least the earnings are safe. Vanguard calculated about $2300 in earnings on just the 2016/17 contributions that we recharacterized. I'd hate to see what that would end up being going back to...
by HoboKent
Thu Feb 09, 2017 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA Excess Contributions
Replies: 10
Views: 840

Roth IRA Excess Contributions

Hello, I think I did something really bad. I recently came to the conclusion that my spouse and I are both ineligible, based on income, to contribute to Roth IRAs. I believe this goes back as far as 2012, total of about $40,000 in excess contributions. I've already contacted Vanguard and had them re...
by HoboKent
Mon Jun 13, 2016 9:54 am
Forum: Investing - Theory, News & General
Topic: What is your overall portfolio weighted expense ratio
Replies: 159
Views: 10897

Re: What is your overall portfolio weighted expense ratio

Retirement portfolio: 4.6 basis points including 401k admin fee and the admin fee on SO's TSP.

About 50% of that is in my Roth 401k VIIIX fund at 0.02%.
by HoboKent
Sun Jun 12, 2016 7:46 am
Forum: Local Chapters and Bogleheads Community
Topic: New York City Local Chapter established
Replies: 167
Views: 33233

Re: New York City Local Chapter established

Well darn, looks like I'm going to miss this one. I'd definitely be interested in joining future meetings though.
by HoboKent
Sun Jun 12, 2016 6:51 am
Forum: Investing - Help with Personal Investments
Topic: Trad. 401k and Roth 401k (employer contributions)
Replies: 5
Views: 460

Re: Trad. 401k and Roth 401k (employer contributions)

As was previously stated employER contributions are always pretax. The way this works with a ROTH 401k is all your contributions plus any match go into the same account. There is usually a tab labeled something like SOURCE. If you click that it will break out your balance by percentage between your ...
by HoboKent
Sat Jun 11, 2016 11:33 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Suggestions
Replies: 8
Views: 1033

Re: Portfolio Suggestions

Thank you, really appreciate all the feedback. I feel like I don't really have anyone in my family or circle of friends that I can talk to with experience managing a portfolio of this size. My parents have pensions and their idea of investing is putting money in something like T-Bills :shock: Part o...
by HoboKent
Sat Jun 11, 2016 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Suggestions
Replies: 8
Views: 1033

Re: Portfolio Suggestions

Thank you for the feedback.

Regarding VEMIX...the 10 year return is better than I realized. My personal return of -0.10% is calculated from Jan 2007 when I bought into the fund up until June 2016 and includes semi-monthly purchases.
by HoboKent
Sat Jun 11, 2016 9:18 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Suggestions
Replies: 8
Views: 1033

Portfolio Suggestions

Me: Late 30s, married, one toddler, another on the way. I work in financial software industry, not much job security but I've been there 10+ years. SO works for the federal gov, enough said. Goal: To retire in about 20 years, both age 60. Plan to adjust our investments, gradually becoming more cons...

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