Search found 649 matches

by LateStarter1975
Tue Dec 12, 2017 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Year end review with less nerdy spouse
Replies: 67
Views: 6644

Re: Year end review with less nerdy spouse

I'm sure I'm not the only one who takes the personal finance lead in marriage. My DW is certainly not frivolous and generally we follow a budget (I like to call it our spending plan), but I'm the analyzer and spreadsheet jockey. We review our spending plan monthly, but at year end I like to bring i...
by LateStarter1975
Wed Nov 22, 2017 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Is a solo-401k worth it?
Replies: 13
Views: 1420

Re: Is a solo-401k worth it?

When you say "Is it worth it?" it's implied that there is a cost to having a solo 401(k). There really isn't any significant cost. You will have to do a very little research to figure out what you can really contribute, but it's not rocket science. It's absolutely worth it, even if you can only con...
by LateStarter1975
Mon Nov 20, 2017 3:28 pm
Forum: Investing - Theory, News & General
Topic: Taylor's New Book: The Bogleheads' Guide to The Three-Fund Portfolio
Replies: 91
Views: 13485

Re: Taylor's New Book: The Bogleheads' Guide to The Three-Fund Portfolio

Bogleheads: Wiley has posted a brief description of our third Bogleheads' book. http://www.wiley.com/WileyCDA/WileyTitle/productCd-1119487331.html Best wishes. Taylor Thank you so much Taylor. I haven't read an investment book this year (I've read over 100 in the last 4 years) but this one will be ...
by LateStarter1975
Mon Nov 20, 2017 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 14097

Re: Dave Ramsey says don't use credit cards, even if you pay them off

Nobody cares (should care, in the real world) what Dave Ramsey thinks because he's not an expert on anything relevant. He is an expert on getting people out of debt using his baby steps. I would think that is VERY relevant. Sure, we all agree his investing ideas suck, but his get-out-of debt method...
by LateStarter1975
Wed Nov 08, 2017 11:08 am
Forum: Personal Finance (Not Investing)
Topic: How old are you and how much do you save for retirement a year
Replies: 150
Views: 13208

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

do the best you can. I had ZERO savings at 34. STAY FRUGAL AND NO TRADING OF FUNDS. You will be fine. More you can save now, better in long run. +1 My first dollar in retirement savings was contributed when I was 36 in 2011. And I didn't know anything about personal finances and was only saving a p...
by LateStarter1975
Wed Oct 18, 2017 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: 2 Commas, Seven Figure
Replies: 19
Views: 3354

Re: 2 Commas, Seven Figure

Congratulations! Awesome stuff
by LateStarter1975
Mon Oct 16, 2017 1:00 pm
Forum: Investing - Theory, News & General
Topic: Barclays Increase APY to 1.30%
Replies: 9
Views: 843

Re: Barclays Increase APY to 1.30%

DaftInvestor wrote:
Mon Oct 16, 2017 12:52 pm
Two of their competitors beat them to it - gsbank and synchrony bank both went to 1.3% a week or so ago.
Ally has historically been a slight bit behind gsbank, synchrony and barclays.
Oh great!
by LateStarter1975
Mon Oct 16, 2017 12:49 pm
Forum: Investing - Theory, News & General
Topic: Barclays Increase APY to 1.30%
Replies: 9
Views: 843

Barclays Increase APY to 1.30%

I just received an email from Barclays stating that they have just increased their savings account APY from 1.20% to 1.30%. This is impressive, considering that it was not long before they had increased from 1% to 1.10% and then to 1.20%. I'm sure their competitors like ALLY will follow suit shortly...
by LateStarter1975
Fri Sep 22, 2017 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: Loans paid off!
Replies: 17
Views: 1159

Re: Loans paid off!

I'd never have been able to do this without an extremely frugal wife. I swear she can put a fingerprint on every copper penny she touches. It takes two . . . I'm going to show your post to my dear husband to bolster my case :D Good luck! Though, in my experience, there can be too much of a good thi...
by LateStarter1975
Tue Aug 01, 2017 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Should you wait until the due date to pay credit card balance?
Replies: 126
Views: 9182

Re: Should you wait until the due date to pay credit card balance?

Who pays it off as soon as it is processed? I always set my auto-payment for the full balance the day before it is due each month. Actually I do. I pay off my credit card balances as soon it processes. Sometimes, I end up paying my credit card balance several times a month. I've found that doing it...
by LateStarter1975
Tue Jul 25, 2017 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Pay yourself first.
Replies: 43
Views: 4278

Re: Pay yourself first.

OP, 1) I keep a checking account for my regular expense and 3 months of emergency fund 2) The other 9 months of emergency fund is in my Vanguard Mony Market account 3) Every pay check I auto-deduct my 401K and HSA contribution. The rest of the money goes into my checking account. 4) Every few month...
by LateStarter1975
Fri Jul 21, 2017 9:56 am
Forum: Investing - Theory, News & General
Topic: Advise to mass distribute (Dave?)
Replies: 8
Views: 524

Re: Advise to mass distribute (Dave Ramsey?)

We plan on going on the Dave show to do our debt free scream in the next couple of months. He always asks: What would you say is the key to getting out of debt? (We paid off our house at 30 years old.) My first thoughts are: 1. Get your spouse on the same page. 2. Read about how to handle windfalls...
by LateStarter1975
Tue Apr 25, 2017 9:39 am
Forum: Investing - Help with Personal Investments
Topic: Retirement with $8M in investments
Replies: 166
Views: 24067

Re: Retirement with $8M in investments

OP posted this message more than 4 months ago. It was his first post. He never replied to the 4 pages of comment that followed. Anybody find that strange?
by LateStarter1975
Fri Apr 21, 2017 2:06 pm
Forum: Investing - Help with Personal Investments
Topic: Hedging against divorce
Replies: 17
Views: 4543

Re: Hedging against divorce

Dottie57 wrote:I think the best hedge against divorce is to treat your partner with loving kindness.
+10
by LateStarter1975
Fri Apr 21, 2017 10:41 am
Forum: Investing - Theory, News & General
Topic: Single most important investing advice?
Replies: 97
Views: 13352

Re: Single most important investing advice?

"Don't save what's left after you spend; spend what's left after you save". Another way of saying this is "Pay yourself first"
by LateStarter1975
Thu Apr 20, 2017 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: I will pay off mortgage at 40. What next?
Replies: 22
Views: 3080

Re: I will pay off mortgage at 40. What next?

Save at least 75% of it into a taxable account and keep the rest for enjoyment, and other miscellaneous spending
by LateStarter1975
Thu Apr 20, 2017 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: When does it make sense to start paying down (or off) a low rate mortgage?
Replies: 53
Views: 6057

Re: When does it make sense to start paying down (or off) a low rate mortgage?

Pranav wrote:I maximize my contributions to tax-advantaged accounts and then throw the leftover income towards the mortgage.
+1
by LateStarter1975
Thu Apr 13, 2017 2:25 pm
Forum: Investing - Help with Personal Investments
Topic: Met with FA last wk (Garrett Network)
Replies: 3
Views: 676

Re: Met with FA last wk (Garrett Network)

This is refreshing to read. I'll make a mental note to do this when our portfolio gets substantial and I need to get a second opinion.
by LateStarter1975
Tue Apr 11, 2017 11:32 am
Forum: Investing - Help with Personal Investments
Topic: Transferring account to Vanguard
Replies: 3
Views: 412

Re: Transferring account to Vanguard

Assuming this is a rollover IRA, it's quite simple and painless to move to Vanguard. Contact Vanguard directly and they will set up a new Rollover IRA account for you and help with the paperwork for the transfer. Anticipate 2-3 weeks start to finish. Have copies/scans of your current Ameriprise acc...
by LateStarter1975
Tue Apr 11, 2017 10:03 am
Forum: Personal Consumer Issues
Topic: Honda Pilot good 1st vehicle for teen?
Replies: 46
Views: 3382

Re: Honda Pilot good 1st vehicle for teen?

fh2000 wrote:I drive a 2006 Honda Pilot. It is not a small car. I would trade-in the Pilot to get DW a new car. Buy a smaller 2nd hand car for your 16 year old son.
+1
by LateStarter1975
Fri Apr 07, 2017 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: How many financial secrets?
Replies: 58
Views: 6432

Re: How many financial secrets?

It was tough getting my wife to be excited about finances. All our accounts are joint and we own everything together but to get her to be interested is another matter. But in the past year, I've started writing her an email every quarter detailing the Household financial summary. It's well detailed ...
by LateStarter1975
Fri Mar 31, 2017 8:51 am
Forum: Investing - Theory, News & General
Topic: What If Other Areas of Life Operated Like Wall Street?
Replies: 1
Views: 436

What If Other Areas of Life Operated Like Wall Street?

Ben Carlson published a very funny blog post on 3/30/17, but it does make you wonder....

http://awealthofcommonsense.com/2017/03 ... ll-street/
by LateStarter1975
Sun Mar 19, 2017 10:10 pm
Forum: Investing - Help with Personal Investments
Topic: Turbotax Backdoor Roth brain fart
Replies: 3
Views: 656

Re: Turbotax Backdoor Roth brain fart

Yes. Enter your 2016 Traditional IRA contribution into your 2016 tax return. If your contribution is non-deductible (covered by employer plan and high income), Turbotax will add form 8606 to track your IRA basis ($5500). This basis will carry forward to line 2 of the next years 8606 form and allow ...
by LateStarter1975
Wed Mar 15, 2017 12:47 pm
Forum: Investing - Help with Personal Investments
Topic: Where do you save for large purchases?
Replies: 42
Views: 3657

Re: Where do you save for large purchases?

Tyrobi wrote:I save mine in Ally Bank online saving with 1% APY.

Simple, safe and easy access.


+1
by LateStarter1975
Thu Mar 02, 2017 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Price of a used Honda Odyssey
Replies: 31
Views: 2429

Re: Price of a used Honda Odyssey

This is quite interesting. Just to be curious, I searched for used Honda Odysseys 2013-2014 in the same website you linked above and this is what I found
https://www.cargurus.com/Cars/inventory ... ified=true

The prices range from $23K to $31K. So something interesting is going around your area....maybe I should come down there to buy a car
by LateStarter1975
Wed Mar 01, 2017 5:33 pm
Forum: Investing - Theory, News & General
Topic: Market up but VTSAX down???
Replies: 21
Views: 2519

Re: Market up but VTSAX down???

Taylor Larimore wrote:
vitaflo wrote:I almost always check my funds at 6:30pm Eastern ...

vitaflo:

Why do you check so often?

Thank you and best wishes.
Taylor


+1. I knew that comment will attract Taylor's attention, lol.
by LateStarter1975
Wed Mar 01, 2017 5:29 pm
Forum: Personal Consumer Issues
Topic: Family Hounding me to Purchase SUV or Minivan
Replies: 61
Views: 5131

Re: Family Hounding me to Purchase SUV or Minivan

Just hold your ground. A man with an experience is not at the mercy of a man with an opinion.
by LateStarter1975
Tue Feb 28, 2017 11:28 am
Forum: Personal Finance (Not Investing)
Topic: 2016 Tax Refund...Wife asked, "Is it legal?!?!"
Replies: 17
Views: 3908

Re: 2016 Tax Refund...Wife asked, "Is it legal?!?!"

Now when you withhold for the whole year, your refund will be even bigger for 2017! But you know, I'm sure, that the tax refund is really YOUR money since you over-withheld from your paychecks. So don't forget to update the amount with your employer(s). While celia is, of course, right, I will note...
by LateStarter1975
Tue Feb 28, 2017 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Seems Dave Ramsey is right about debt
Replies: 55
Views: 11673

Re: Seems Dave Ramsey is right about debt

This forum discusses math quite a bit. But it also discusses CC debt. How do you square those two contrasting ideas? I put in my 2cents for those who are not familiar with the difference between debt snowball and avalanche. Some people who read here may want to have ALL the facts (psychological and...
by LateStarter1975
Mon Feb 27, 2017 1:43 pm
Forum: Personal Consumer Issues
Topic: Do Boglehead DIY or Pay a Professional?
Replies: 95
Views: 8983

Re: Do Boglehead DIY or Pay a Professional?

I pay people. A couple of years ago I finally hired somebody to cut the grass. Best decision ever. Seemed like I was always struggling to fit it into my schedule and it's not that expensive. I have zero interest in plumbing and electrical work. And forget about car repairs. I'd rather play my guita...
by LateStarter1975
Wed Feb 22, 2017 12:11 pm
Forum: Investing - Help with Personal Investments
Topic: New Boglehead Millionaire
Replies: 65
Views: 9082

Re: New Boglehead Millionaire

Congratulations. You started investing in 2012 and by 2017, you are already a millionaire. Quite impressive! Very motivational!
by LateStarter1975
Fri Jan 27, 2017 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Reached a milestone: $500K in Retirement Accounts
Replies: 44
Views: 6676

Re: Reached a milestone: $500K in Retirement Accounts

Fantastic stuff! Congratulations, you are an inspiration to us all!
by LateStarter1975
Wed Jan 25, 2017 11:26 am
Forum: Local Chapters and Bogleheads Community
Topic: HAPPY 93RD BIRTHDAY, TAYLOR!
Replies: 199
Views: 11252

Re: HAPPY 93RD BIRTHDAY, TAYLOR!

Thank you Taylor for all your help and nuggets of wisdom in this forum. I've certainly benefited a lot from it. Many more beautiful years ahead !
by LateStarter1975
Thu Jan 19, 2017 5:34 pm
Forum: Investing - Help with Personal Investments
Topic: Taxes owed 2016 as % of AGI?
Replies: 18
Views: 1523

Re: Taxes owed 2016 as % of AGI?

No, of course, we're not taking anything for granted. I was more interested in whether or not our total tax was a standard deviation (or two) above the mean for our AGI, even though I'm fairly certain we haven't missed any obvious deductions/deferments/contributions. You seem to be operating under ...
by LateStarter1975
Fri Jan 13, 2017 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Best Financial Moves You've Made
Replies: 158
Views: 21757

Re: Best Financial Moves You've Made

Discovering and becoming a member of Bogleheads.org was by far my best financial move. Few months before I discovered this site, I had already had my financial wake up call. However this site has a way of stretching me to achieve goals I wouldn't have considered possible on my own. When I started sa...
by LateStarter1975
Tue Jan 10, 2017 10:27 am
Forum: Investing - Theory, News & General
Topic: Backdoor Roth IRAs: What You Need to Know
Replies: 3
Views: 601

Re: Backdoor Roth IRAs: What You Need to Know

Christine Benz did an excellent job of simplifying the Backdoor Roth for those not very familiar with it. It remains one of the most asked questions on this forum. Good article
by LateStarter1975
Tue Jan 10, 2017 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Doctors and retirement
Replies: 67
Views: 8358

Re: Doctors and retirement

arsenalfan wrote:Comparison can cause much unhappiness.


This
by LateStarter1975
Thu Jan 05, 2017 2:57 pm
Forum: Investing - Theory, News & General
Topic: What is your age, asset allocation and total return year to date?
Replies: 15
Views: 1528

Re: What is your age, asset allocation and total return year to date?

ruralavalon is asking for your total return YTD in 2017, not your 2016 total return.
by LateStarter1975
Thu Jan 05, 2017 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth - not legal???
Replies: 18
Views: 4812

Re: Backdoor Roth - not legal???

I also disagree with Kitces on this. My waiting period between contribution and conversion is 1 day. I publicize this fact widely and have not yet heard from the IRS In 7 years of doing this. The idea that you're going to convince the IRS that you didn't really just contribute to a traditional IRA ...
by LateStarter1975
Thu Jan 05, 2017 2:13 pm
Forum: Investing - Help with Personal Investments
Topic: 500K milestone celebration
Replies: 74
Views: 8308

Re: 500K milestone celebration

NoD wrote:As someone who just crossed 200k portfolio, I really enjoy these 'check in' posts personally. They definitely keep me motivated to hit goals this high someday!

Congrats on half millionaire status! :sharebeer


You can say that again!
by LateStarter1975
Thu Jan 05, 2017 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: 500K milestone celebration
Replies: 74
Views: 8308

Re: 500K milestone celebration

ReadyToRetire wrote:That is a HUGE deal! Don't let anyone tell you different. Congratulations!!!!!!!!!!!!!!!!!!!!!


+1
by LateStarter1975
Thu Jan 05, 2017 2:04 pm
Forum: Investing - Help with Personal Investments
Topic: Should I participate in 401K even if it's American Funds & no Match
Replies: 24
Views: 2275

Re: Should I participate in 401K even if it's American Funds & no Match

DSInvestor wrote:Max it out. Rollover to low cost IRA if/when you leave this job.


+1
by LateStarter1975
Wed Jan 04, 2017 1:59 pm
Forum: Investing - Help with Personal Investments
Topic: Opening first taxable account. Any issues with my plan?
Replies: 13
Views: 890

Re: Opening first taxable account. Any issues with my plan?

You should have a financial plan and then do what your plan says. In your situation, with limited information (for example, do you have any outstanding consumer debt?), I would open 529 plans for the kids first before I save in taxable. But my answer is likely flawed b/c I don't know your whole stor...
by LateStarter1975
Mon Dec 26, 2016 9:44 pm
Forum: Investing - Help with Personal Investments
Topic: 17 years wasted. Want to do it myself now. Advice, please.
Replies: 60
Views: 12447

Re: 17 years wasted. Want to do it myself now. Advice, please.

You should start off on some self-education to learn more for yourself so you don't keep trusting other people to manage and invest your money for you (as you've discovered, most of them were not looking out for your best interest). A good place to start is the Wiki section of this forum. Then, you...
by LateStarter1975
Sat Dec 24, 2016 6:51 pm
Forum: Local Chapters and Bogleheads Community
Topic: My Christmas Gift to You.
Replies: 98
Views: 9023

Re: My Christmas Gift to You.

Merry Christmas Taylor. We deeply appreciate your service 72 years ago and your service in this community!
by LateStarter1975
Sat Dec 24, 2016 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: Extra Mortgage Payments or Put Extra In Savings?
Replies: 10
Views: 1424

Re: Extra Mortgage Payments or Put Extra In Savings?

mortfree wrote:Are you saving for retirement- maxing 401k, IRA?

As long as you have an EF you should be prioritizing retirement .

To answer the question as asked. Yes pay extra to the mortgage.


+1
by LateStarter1975
Fri Dec 23, 2016 5:11 pm
Forum: Investing - Help with Personal Investments
Topic: 17 years wasted. Want to do it myself now. Advice, please.
Replies: 60
Views: 12447

Re: 17 years wasted. Want to do it myself now. Advice, please.

You should start off on some self-education to learn more for yourself so you don't keep trusting other people to manage and invest your money for you (as you've discovered, most of them were not looking out for your best interest). A good place to start is the Wiki section of this forum. Then, you ...
by LateStarter1975
Fri Dec 23, 2016 1:47 pm
Forum: Investing - Theory, News & General
Topic: Financial Independence is not the Holy Grail
Replies: 85
Views: 10283

Re: Financial Independence is not the Holy Grail

Sure, being able to do what I want when I want without ever having to worry about money is not appealing at all. It's much better to toil away making someone else financially independent. lol! I too agree that FI is really nice. I think part of the disconnect is that due to the nature of the job, d...
by LateStarter1975
Thu Dec 22, 2016 11:13 am
Forum: Investing - Help with Personal Investments
Topic: Pre-pay mortgage vs Taxable?
Replies: 54
Views: 4669

Re: Pre-pay mortgage vs Taxable?

We have been pre-paying the mortgage to the tune of approximately an extra $15k each year toward principal, however, I'm starting to wonder if we should be putting this extra cash into a taxable Vanguard fund instead? With just $70k left, why stop now?? Pay it off and be done with it. You're maxing...