Search found 1772 matches

by Meg77
Fri May 19, 2017 2:47 pm
Forum: Investing - Help with Personal Investments
Topic: I am a huge believer in Passive Indexing.. but.....
Replies: 42
Views: 3027

Re: I am a huge believer in Passive Indexing.. but.....

Your fun money portfolio has a dramatic lack of diversification compared to index funds. That means it has more risk, which means it will either outperform or underperform a broadly diversified basket of equities with comparatively little diversification risk. You are lucky in that all your picks ar...
by Meg77
Fri May 19, 2017 2:27 pm
Forum: Investing - Help with Personal Investments
Topic: Additional Tax Savings for Employed High Earner?
Replies: 9
Views: 591

Re: Additional Tax Savings for Employed High Earner?

My husband and I are in a very similar situation. I've owned rental properties for years, and real estate does offer some tax advantages. It's not worth getting into just for tax reasons though if you have no interest. And since we make too much (as do you) to recognize any of the passive losses eac...
by Meg77
Thu May 18, 2017 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Question for you high net worth individuals...
Replies: 71
Views: 7757

Re: Question for you high net worth individuals...

You don't need real estate to achieve real wealth. You don't even need stocks technically. Some people build wealth through starting or helping run a business (stock options, etc.). Others do it through real estate (tons of different options here too - development, construction, residential rentals,...
by Meg77
Thu May 18, 2017 4:14 pm
Forum: Investing - Theory, News & General
Topic: For those with $500k-$1m in investments...
Replies: 137
Views: 11154

Re: For those with $500k-$1m in investments...

0.9% taxable, 99.1% tax advantaged overall, just retirement portfolio ($682K) 0%/100% Exact same situation with just slightly less in retirement currently. We do have some "taxable" aka "non-tax advantaged" investments in the form of rental real estate and a few partnerships, bu...
by Meg77
Thu May 18, 2017 4:10 pm
Forum: Investing - Help with Personal Investments
Topic: Life's big ticket items to save for
Replies: 37
Views: 2716

Re: Life's big ticket items to save for

imperio, One of the largest expenses neglected is the cost of an ex-spouse! Do all you can to keep that from not happening... Truth. Most people can't afford to start saving for their kids' college when they are born, much less before they are born. Don't sweat it yet. You could have no kids for a ...
by Meg77
Thu May 18, 2017 10:54 am
Forum: Investing - Help with Personal Investments
Topic: Millenial getting into the game: asset allocation
Replies: 18
Views: 1185

Re: Millenial getting into the game: asset allocation

You're very young. Be aggressive but keep it simple. 100% equities. Vanguard Total Stock Market Index Fund (VTSAX) or Vanguard 500 Index Fund (VFIAX) . Done. Agreed. Low turnover, low fee, low taxes, broad diversification. You don't need to overanalyze your asset allocation with such a relatively s...
by Meg77
Thu May 18, 2017 10:08 am
Forum: Investing - Help with Personal Investments
Topic: Updates to our financial situation & a few questions..
Replies: 15
Views: 1095

Re: Updates to our financial situation & a few questions..

Does your stock allocation include any international exposure? If so you may want to consider adding some VTIAX to taxable. Holding international stocks in taxable accounts is beneficial so that you can take advantage of the foreign tax credit (and can allow for tax loss harvesting due to fluctuati...
by Meg77
Wed May 17, 2017 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: Article: "Our emergency fund is exactly $0.00"
Replies: 73
Views: 7170

Re: Article: "Our emergency fund is exactly $0.00"

I still feel required to keep 6 months expenses in cash/savings as a baseline of financial security, but the reality is that we do not need any kind of emergency fund. We could easily live on either of our incomes if one of us is suddenly fired. The odds of us both being suddenly fired are very low,...
by Meg77
Wed May 17, 2017 2:37 pm
Forum: Investing - Help with Personal Investments
Topic: Updates to our financial situation & a few questions..
Replies: 15
Views: 1095

Re: Updates to our financial situation & a few questions..

Does your stock allocation include any international exposure? If so you may want to consider adding some VTIAX to taxable. Holding international stocks in taxable accounts is beneficial so that you can take advantage of the foreign tax credit (and can allow for tax loss harvesting due to fluctuatio...
by Meg77
Wed May 17, 2017 11:33 am
Forum: Investing - Help with Personal Investments
Topic: What if I have enough money?
Replies: 22
Views: 4137

Re: What if I have enough money?

I agree with the above posters. You DO have enough money to retire, but not at any standard of living. We don't know what you spend. We also don't know what your health is like, which can impact your decision of when to take SSI (the longer you expect to live, the more sense it makes to delay taking...
by Meg77
Wed May 17, 2017 11:23 am
Forum: Personal Finance (Not Investing)
Topic: How much house? How large of a down payment? Infinite permutations are driving me batty
Replies: 36
Views: 2945

Re: How much house? How large of a down payment? Infinite permutations are driving me batty

Thanks to everyone for the continued insight. Sadly, as of yesterday, I no longer have a baby on the way; was only 6 weeks in, and such things happen. Hopefully 2nd time is a charm! I am very sorry for your loss. My sister had a miscarriage with her first pregnancy a few years ago. Her next pregnan...
by Meg77
Wed May 17, 2017 11:21 am
Forum: Personal Finance (Not Investing)
Topic: How much house? How large of a down payment? Infinite permutations are driving me batty
Replies: 36
Views: 2945

Re: How much house? How large of a down payment? Infinite permutations are driving me batty

Questions I have: ⋅ Should I just rent until after I've had my kid, and I have a better sense of the area? Maybe. This depends how much your wife wants to move/buy. It is easier to move before having a child, and you're financially more than ready for a purchase, but on the other hand the...
by Meg77
Tue May 16, 2017 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: [Unable to locate a] Will
Replies: 6
Views: 559

Re: Will

Check with her bank to see if she had a safe deposit box and to find out what their procedures are for getting access to it in the event of a death. Some people may have their will there. Whoever did her will should have a copy. Check her records (email, hard files) to see if she had an attorney or ...
by Meg77
Tue May 16, 2017 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Is it legal to use a first mortgage for an investment property?
Replies: 40
Views: 2089

Re: Is it legal to use a first mortgage for an investment property?

I'm a banker, and I can tell you that this is not "illegal." When you close on a mortgage for a primary homestead, you typically sign an affidavit stating that you intend to occupy the home as your primary homestead within a certain number of days (30? 60? I can't recall, but it basically ...
by Meg77
Mon May 15, 2017 2:04 pm
Forum: Investing - Help with Personal Investments
Topic: Help with HSA investment options
Replies: 1
Views: 165

Re: Help with HSA investment options

I think of my HSA as a long term investment account, similar to a 401k (but one I might use sooner if I encounter major medical expenses prior to retirement). We pay most small medical expenses in cash though and just let the HSA grow. Only if I had a kid or major surgery would we tap the HSA. There...
by Meg77
Mon May 15, 2017 2:01 pm
Forum: Investing - Help with Personal Investments
Topic: How many firms do you use?
Replies: 39
Views: 2557

Re: How many firms do you use?

I wish I could simplify more.. checking (2)- Wells Fargo Roth IRAs (2) & brokerage - Vanguard my 401k - Tri-ad DH's 401k - some other company I can't recall auto loan - Chase DH's old 401k - a regional bank (kept there because funds have no expense ratio) HSA - Optum Bank HSA investment portion ...
by Meg77
Mon May 15, 2017 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Online Mortgage For Lower Rate?
Replies: 10
Views: 1145

Re: Online Mortgage For Lower Rate?

I'm a former mortgage banker for a regional bank and still work in banking with many realtors, RE investors, and other lenders who I keep up with. I've also used an online lender to do a personal refinance. Online banks are fine to use - just shop around a bit and go with the best rate. Mortgages ar...
by Meg77
Mon May 15, 2017 1:47 pm
Forum: Investing - Help with Personal Investments
Topic: From selling to renting - what to do with proceeds?
Replies: 8
Views: 905

Re: From selling to renting - what to do with proceeds?

I would pay off the student loans and then focus on rebuilding cash with the monthly savings. If you're considering letting the money languish in savings for a few years anyway, you may as well make a little yield on it by paying off the debt. You're maxing out retirement and well on your way to hav...
by Meg77
Sat May 13, 2017 2:36 pm
Forum: Investing - Help with Personal Investments
Topic: Please assess our financial situation; grateful for any advice :)
Replies: 18
Views: 2259

Re: Please assess our financial situation; grateful for any advice :)

You guys are off to a great start! 1. It's great that you have 6 months of expenses in a savings account. Try not to touch this for "wants" such as a honeymoon, car or furniture. You may have real "needs" arise over the next few years - major moves, a baby, possibly even a house ...
by Meg77
Fri May 12, 2017 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Progress Made - What Now? (Pay off cheap mtg or invest)
Replies: 31
Views: 3365

Re: Progress Made - What Now? (Pay off cheap mtg or invest)

I would wipe out the mortgage at 5.125% since it would be to much to refi that property. BUT only if that is one you are planning to hold for a while. After that I would split the difference. (I am a big fan of that solution) half to future rental purchase half to taxable. In a year decide if you w...
by Meg77
Fri May 12, 2017 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: Bank balking at transferring assets to Vanguard
Replies: 8
Views: 1598

Re: Bank balking at transferring assets to Vanguard

Is the bank the trustee of the trust? It doesn't sound like it since they are willing to move the funds to Vanguard, but that is good info for us to know. Are you trying to make a distribution from the trust or trying to move the trust to Vanguard? If the latter, all you need to do is set up a new t...
by Meg77
Fri May 12, 2017 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Can you suggest a mortgage lender who does not resell
Replies: 67
Views: 4351

Re: Can you suggest a mortgage lender who does not resell

I'm a banker. Most banks don't sell construction loans - they monitor them during construction. If you have a one-time-close construction loan that converts to a permanent mortgage upon completion, that mortgage might get sold. But I've never heard of a construction loan getting sold during construc...
by Meg77
Fri May 12, 2017 8:49 am
Forum: Investing - Help with Personal Investments
Topic: Young professional planning for early semi-retirement
Replies: 34
Views: 3974

Re: Young professional planning for early semi-retirement

Congrats on a great financial start and on your ambitious goal! I'm sure you'll achieve more than you can even imagine now, both financially and otherwise. I was 24 and making 20-30 year plans not too long ago, and it's fun to look back now on those spreadsheets. Check out these "extreme" ...
by Meg77
Fri May 12, 2017 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Progress Made - What Now? (Pay off cheap mtg or invest)
Replies: 31
Views: 3365

Re: Progress Made - What Now? (Pay off cheap mtg or invest)

I didn't bother to re-read the whole thread, only the updates. That said, even though it's a low interest rate, I would pay off the car loan just to be done with it. I would also look into refi'ing the 5.125% rental mortgage. Debt above ~4% just irks me. I would probably split the excess monthly ca...
by Meg77
Thu May 11, 2017 11:54 am
Forum: Investing - Help with Personal Investments
Topic: Managing small inheritance
Replies: 26
Views: 1612

Re: Managing small inheritance

I would put the 17 year old's funds in a checking or savings account and put the other two kids' funds in a vanguard total stock market index fund - or if you want to be a bit more conservative, the vanguard life strategy growth fund . Just let it sit and hand it over when they are 18 as a graduati...
by Meg77
Thu May 11, 2017 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Progress Made - What Now? (Pay off cheap mtg or invest)
Replies: 31
Views: 3365

Re: Progress Made - What Now? (Pay off cheap mtg or invest)

Hi Bogleheads! Please see my updates in blue on the original post. I welcome new ideas or suggestions! Thanks as always. :sharebeer
by Meg77
Thu May 11, 2017 10:34 am
Forum: Investing - Help with Personal Investments
Topic: Managing small inheritance
Replies: 26
Views: 1612

Re: Managing small inheritance

Sorry, I purposely left out details that I didn't think were important that are important. The estate is going through the will process with a lawyer. There is more to the will than this amount of money, but the amount of money going to myself and the three minors is roughly as listed. I am the cou...
by Meg77
Wed May 10, 2017 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review/Advice - "Windfall" Funds
Replies: 4
Views: 539

Re: Portfolio Review/Advice - "Windfall" Funds

I think I vote for option 1, but I don't think any of your choices are wrong or bad. Stock Index funds can throw off as much or more income than bond index funds: vbtlx yield is 2.45% vtsax yield is 1.86% vtiax yield is 2.69% There's an argument to be made to hold vtiax in taxable and put everything...
by Meg77
Tue May 09, 2017 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Stay home with kids?
Replies: 103
Views: 7189

Re: Stay home with kids?

I haven't read all the comments, but I have a thought - work for a few more years and stay home (or dial back dramatically) when they are in middle school or jr high. My dad semi-retired and worked from home full time when I was 9 years old, and my mom had always been a stay at home parent. I don't ...
by Meg77
Tue May 09, 2017 10:32 am
Forum: Investing - Theory, News & General
Topic: Can 8% rental income help my Early Retirement?
Replies: 35
Views: 3059

Re: Can 8% rental income help my Early Retirement?

I started buying rentals (mostly duplexes) when I was 24 with the plan that I'd buy one a year for 10 years then slowly pay them all off and have an ancillary income stream in retirement. I'm 33 now and have four duplexes and a condo. But my plans are evolving. I've realized that over decades I'm go...
by Meg77
Tue May 09, 2017 9:54 am
Forum: Personal Consumer Issues
Topic: What newspaper or magazine do you pay for?
Replies: 107
Views: 4180

Re: What newspaper or magazine do you pay for?

New York Times (digital) KERA, my local NPR radio station (I used to give monthly now I give a token donation sporadically) Money Magazine (included with my FPA membership but I used to subscribe before I was a member) Financial Planning Journal (included with my FPA membership) I will say Bloomberg...
by Meg77
Mon May 08, 2017 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Home purchase question
Replies: 22
Views: 2066

Re: Home purchase question

I'm with your husband on this one. You say these two homes are in the SAME SUBDIVISION. So same area/commute/schools/etc. So what if you are on the slightly less fancy side of the block a bit closer to your neighbors? There's no real justification for paying $200,000 more for a home than you have to...
by Meg77
Fri May 05, 2017 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Strategy for Mortgage Downpayment < 20%
Replies: 28
Views: 1581

Re: Strategy for Mortgage Downpayment < 20%

I agree that it sounds like you can easily afford to put 20% down. However another option is to get an 80% first mortgage and a 10% second mortgage, thereby putting down only 10% but avoiding PMI. The second mortgage will have a higher interest rate (usually 6-8%) and be on a shorter amortization (o...
by Meg77
Fri May 05, 2017 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Are we doing better now?
Replies: 20
Views: 2890

Re: Are we doing better now?

Hey there! You are certainly doing better, but there is always room for improvement of course. :twisted: 1. I would definitely go ahead and pay off Car #2. No reason to wait, especially since you'll still have nearly $15K in reserves afterward (and the Roths which you could tap if you had to without...
by Meg77
Fri May 05, 2017 2:49 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with 300,000?
Replies: 29
Views: 2801

Re: What to do with 300,000?

Is there anything else to be done with that money? For example: 1. Increase 401k, IRA and HSA contributions so that you are maxing out those accounts each year, even if it means drawing from the taxable VG account to make ends meet in your monthly budget. 2. Keep 6-12 months of expenses in cash for ...
by Meg77
Fri May 05, 2017 2:32 pm
Forum: Investing - Theory, News & General
Topic: Why save so much for when you're old?
Replies: 163
Views: 17899

Re: Why save so much for when you're old?

...it seems like the amount needed usually requires a lifelong sacrifice of saving relentlessly and living frugally. I think this is where you are mistaken. If you begin to invest a relatively small amount for retirement now (say, 10% of your gross income), you should amass quite a fortune over 4 d...
by Meg77
Wed May 03, 2017 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Most "technologically savvy" bank?
Replies: 32
Views: 3025

Re: Most "technologically savvy" bank?

I'm a banker, and Wells Fargo is generally accepted to be on the leading edge when it comes to certain tech aspects such as website and app design as well as features like mobile check deposit, Venmo/paypal like services, etc. Apparently their website is superior when it comes to integrating all acc...
by Meg77
Wed May 03, 2017 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Are we (nearly) ready to retire?
Replies: 32
Views: 3170

Re: Are we (nearly) ready to retire?

Thanks Meg! Hadn't thought of this: she could retire but defer receiving her pension to increase its annual value? I think she has some other options that I haven't brought up. She can drop down her hours and maintain full-time status (she's on an 11 month contract now, and can switch to a 9 month ...
by Meg77
Wed May 03, 2017 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Are we (nearly) ready to retire?
Replies: 32
Views: 3170

Re: Are we (nearly) ready to retire?

You guys are doing great. You can afford to retire when you want, but I wouldn't touch her pension until age 63 - or even later if it keeps growing after that. She could live to be 100. That extra money over all those decades could be hugely important, especially if you die suddenly and your income ...
by Meg77
Wed May 03, 2017 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Rental property
Replies: 8
Views: 985

Re: Rental property

Hey there, it sounds like you are conflating a lot of separate issues. What you should do with $20K, what the tax situation is on your rental, whether you should keep the rental - all are very separate considerations. I've had rentals for nearly a decade now, but I started making too much to deduct ...
by Meg77
Tue May 02, 2017 3:45 pm
Forum: Personal Consumer Issues
Topic: Where to Live on $60K or Less a Year?
Replies: 213
Views: 17817

Re: Where to Live on $60K or Less a Year?

You're taking a fact-gathering, "engineering approach" when what you need is an experience-based "design approach." I recommend that you stop trying to make the decision and first read "Designing Your Life." There are many concrete suggestions in that book that will he...
by Meg77
Tue May 02, 2017 1:56 pm
Forum: Personal Consumer Issues
Topic: Buying first home with old hvac
Replies: 92
Views: 3826

Re: Buying first home with old hvac

What does your realtor say? He or she should know what is typically acceptable and commonly negotiated in your area on those types of properties. I've bought and sold condos and other homes - in every single case the seller paid for a one year home warranty which covers the replacement of any major ...
by Meg77
Tue May 02, 2017 1:44 pm
Forum: Investing - Help with Personal Investments
Topic: Newly Married Real Estate or Debt?
Replies: 9
Views: 663

Re: Newly Married Real Estate or Debt?

OPTION ONE! Leave the 401k alone, live within your means, and pay down your debt "slowly" - but preferably more quickly than slowly. You can't borrow your way out of debt with a 401k loan or a home refi - that's just moving the problem around. Most people who do that just rack up more cons...
by Meg77
Tue May 02, 2017 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Where to put cash for house
Replies: 7
Views: 687

Re: Where to put cash for house

You already have $115K sitting in cash, and your target is about $175K if you include moving costs,furniture, etc. in addition to having a bit of a reserve leftover. How long will it take you to save another $60K? If it's less than 5 years then I vote for just keeping the cash in cash. You can earn ...
by Meg77
Tue May 02, 2017 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Crazy - but can a CFP get paid on their own assets?
Replies: 15
Views: 1786

Re: Crazy - but can a CFP get paid on their own assets?

Technically speaking, yes this is possible. It's just like any other business owner who acts as a client for their service business (whether it's repairing HVACs or mowing lawns or developing websites). You can pay the going rate for the service, thereby inflating your company's revenues. Or you can...
by Meg77
Tue May 02, 2017 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Dealing with regret
Replies: 102
Views: 8605

Re: Dealing with regret

It seems to me like you dodged a much bigger future bullet by taking a relatively smaller one. Had the Great Recession come in your 50s or 60s, your portfolio would have been much larger, and you probably would have done the exact same thing, locking in much larger losses. The fact that this happen...
by Meg77
Tue May 02, 2017 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Banking in Marriage
Replies: 66
Views: 4337

Re: Banking in Marriage

You don't need separate bank accounts for spending money; it's far easier for each person to maintain a credit card for personal spending. Having multiple bank accounts with smaller balances is just a hassle to manage. My husband and I share one joint checking account which functions as our emergenc...
by Meg77
Mon May 01, 2017 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Dealing with regret
Replies: 102
Views: 8605

Re: Dealing with regret

It seems to me like you dodged a much bigger future bullet by taking a relatively smaller one. Had the Great Recession come in your 50s or 60s, your portfolio would have been much larger, and you probably would have done the exact same thing, locking in much larger losses. The fact that this happene...
by Meg77
Mon May 01, 2017 12:53 pm
Forum: Investing - Help with Personal Investments
Topic: Financial NonAdvice
Replies: 12
Views: 1437

Re: Financial NonAdvice

There are many financial advisors who charge by the hour to address specific questions or issues; there are others who charge a flat fee to create a comprehensive financial plan which takes into account insurance and estate planning needs, tax issues, as well as asset allocation and cash flow target...
by Meg77
Sun Apr 09, 2017 9:00 am
Forum: Personal Finance (Not Investing)
Topic: High Income earners, whats your Tax Strategy?
Replies: 113
Views: 10818

Re: High Income earners, whats your Tax Strategy?

You can deduct mileage/travel to visit the properties which can be big if one is conveniently located at your favorite travel destination. Are there any guidelines on this? I'd be tempted to buy rentals near my parents if I could legitimately expense the airfare, which runs over $10K/trip for my fa...

Go to advanced search