Search found 70 matches

by Messner8000
Fri May 11, 2018 1:16 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor ROTH for 1 Year Only? Worth It?
Replies: 12
Views: 685

Re: Backdoor ROTH for 1 Year Only? Worth It?

Thanks for the clarification. And yes - I meant $5500 for my wife and $5500 for me (and so I"ll create two IRAs). Sounds like this was an easy decision to make after all!
by Messner8000
Fri May 11, 2018 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor ROTH for 1 Year Only? Worth It?
Replies: 12
Views: 685

Re: Backdoor ROTH for 1 Year Only? Worth It?

Thanks JW - I don't have any of those accounts you mentioned. We have a taxable account, and a 401k/ROTH401k, ROTH IRAs, 403(b) and 457(b). My understanding is that none of these account create backdoor concerns....
by Messner8000
Fri May 11, 2018 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor ROTH for 1 Year Only? Worth It?
Replies: 12
Views: 685

Re: Backdoor ROTH for 1 Year Only? Worth It?

Thanks, everyone - sounds like setting it up is easy and the way to go! One more question then - let's say that for unforeseen reasons we end up not exceeding the ROTH IRA income limit after all (e.g., my wife loses her job) but I've already made my $11000 in deposits through the backdoor method. I ...
by Messner8000
Fri May 11, 2018 11:28 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor ROTH for 1 Year Only? Worth It?
Replies: 12
Views: 685

Re: Backdoor ROTH for 1 Year Only? Worth It?

Thanks for the response. It sounds like I need to do some more research to understand how it all works (and then your response will make a bit more sense to me!) As it stands, I already have a ROTH IRA I've contributed to for the last 10+ years.
by Messner8000
Fri May 11, 2018 11:08 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor ROTH for 1 Year Only? Worth It?
Replies: 12
Views: 685

Backdoor ROTH for 1 Year Only? Worth It?

I've started reading a bit about setting up a Backdoor ROTH and it looks like it takes a bit of work, but it ultimately worthwhile. My situation is that my wife and I expect to be over the ROTH IRA income limit this year, but then she will likely leave her job and so for the next few years (at a min...
by Messner8000
Fri Mar 16, 2018 7:22 pm
Forum: Personal Consumer Issues
Topic: Need Help Solving A House Smell Mystery
Replies: 45
Views: 4124

Re: Need Help Solving A House Smell Mystery

Thanks for the smell-mapping suggestion. It looks like paint respirators are really cheap, and so I think I will try to "map" the house in the way you suggest, and, if it works, that could also help me decide where to take air samples (since it costs hundreds of dollars per area of the house where I...
by Messner8000
Sun Mar 11, 2018 3:03 pm
Forum: Personal Consumer Issues
Topic: Need Help Solving A House Smell Mystery
Replies: 45
Views: 4124

Re: Need Help Solving A House Smell Mystery

Good point. I just did some experimenting, and once I am in the house for a little bit I do not smell anything (either in the air, or on my clothes in the closet). So it is definitely something I get accustomed to. Of course, I think that it probably not good news since that just means (I think) tha...
by Messner8000
Fri Mar 09, 2018 1:38 pm
Forum: Personal Consumer Issues
Topic: Need Help Solving A House Smell Mystery
Replies: 45
Views: 4124

Re: Need Help Solving A House Smell Mystery

Yeah - repainting the closets is currently my front-runner for "next big step to take to try and solve this problem." Especially since I know for a fact (based on the clothes) that the smell is in the closet. My only hesitance it that to do it right will be quite the project---4 closets (each painte...
by Messner8000
Fri Mar 09, 2018 12:47 pm
Forum: Personal Consumer Issues
Topic: Need Help Solving A House Smell Mystery
Replies: 45
Views: 4124

Re: Need Help Solving A House Smell Mystery

I'll add that the house used to have an unfinished basement and we know they had some flooding at some point. The flippers finished the basement, so we have no idea what is behind all the drywall down there. That said, my (guess) is that its' not a basement issue because the smell exists primarily u...
by Messner8000
Fri Mar 09, 2018 12:44 pm
Forum: Personal Consumer Issues
Topic: Need Help Solving A House Smell Mystery
Replies: 45
Views: 4124

Re: Need Help Solving A House Smell Mystery

Wow – I woke up this morning and couldn’t believe the number of responses with ideas – thanks! At this point I think I need to triage my sleuthing options and go item by item to I find the problem. In response to some of the questions: 1. Does the house have carpet? Did you put it in or the flipper?...
by Messner8000
Thu Mar 08, 2018 9:05 pm
Forum: Personal Consumer Issues
Topic: Need Help Solving A House Smell Mystery
Replies: 45
Views: 4124

Re: Need Help Solving A House Smell Mystery

Thanks for the suggestions. I neglected to mention that complicating the matter (and the range of things it could be) is that the house was a “flip” when we bought it, and we know it was in really rough shape before they renovated it. We have already discovered dozens of shortcuts they took, and so ...
by Messner8000
Thu Mar 08, 2018 8:18 pm
Forum: Personal Consumer Issues
Topic: Need Help Solving A House Smell Mystery
Replies: 45
Views: 4124

Need Help Solving A House Smell Mystery

I thought I would draw upon the collective boggleheads brain trust with a totally random question. Since I purchased my home a few years ago there has been a strange smell and we can’t tell where it is coming from. At first we thought it was the smell of new paint, but when we repainted the interior...
by Messner8000
Mon Feb 05, 2018 8:10 am
Forum: Personal Consumer Issues
Topic: Ever Thought of Suing (or Sued) A Waterproofing Company?
Replies: 20
Views: 1691

Ever Thought of Suing (or Sued) A Waterproofing Company?

I have never sued (or thought about suing) anyone in my life. But I am becoming so frustrated that I thought I'd turn here for help. To make a long story short, I had a company waterproof my entire basement a couple years ago, and the job came with a lifetime warranty. Under the warranty, if any wat...
by Messner8000
Wed Nov 22, 2017 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Playing the Car Insurance Deductible Game
Replies: 20
Views: 2203

Re: Playing the Car Insurance Deductible Game

Iridium - My understanding is that my car has a bumper-to-bumper for 2 years, and then you need the extended warranty for years 3-7. So Geico lets you get the extended warranty as long as you opt into it before your car hits 15,000 miles or one year. (They actually automatically enrolled me in it wh...
by Messner8000
Wed Nov 22, 2017 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Playing the Car Insurance Deductible Game
Replies: 20
Views: 2203

Re: Playing the Car Insurance Deductible Game

I hear you on the extended warranties - especially if you buy them from the dealer. But I feel like Geico's mechanical breakdown deal is pretty phenomenal (as far as insurance goes). About $150/year to cover all major systems on your (new) car....
by Messner8000
Wed Nov 22, 2017 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Playing the Car Insurance Deductible Game
Replies: 20
Views: 2203

Re: Playing the Car Insurance Deductible Game

On a related note, do people carry personal injury protection? It seems to me that this is unnecessary since I have my own health insurance, but it seems to me quite a hassle to waive it. Is there another reason to have it?
by Messner8000
Wed Nov 22, 2017 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Playing the Car Insurance Deductible Game
Replies: 20
Views: 2203

Re: Playing the Car Insurance Deductible Game

ThePlayer- if I understand your question, my policy says I have bodily injury liability of "$300,000 per person/$300,000 per occurrence" and Property Damage Liability of $100,000 per occurrence. So I interpret that to mean $300,000 in coverage. I still plan to purchase an umbrella policy so that I w...
by Messner8000
Wed Nov 22, 2017 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Playing the Car Insurance Deductible Game
Replies: 20
Views: 2203

Re: Playing the Car Insurance Deductible Game

Thanks for the thought on the windshield - hadn't thought about that. As for DM's point, my sense is that some people favor different collision/comprehensive deductibles under the thinking that it's a good idea to assume more risk for things that are in your control - i.e., higher collision deductib...
by Messner8000
Wed Nov 22, 2017 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Playing the Car Insurance Deductible Game
Replies: 20
Views: 2203

Playing the Car Insurance Deductible Game

I hate to add another post about car insurance deductibles, but I'm on the verge of changing my deductibles and hoped folks could identify any red flags I'm missing. I have 2 cars: a 2016 car valued at around $20,000 and a 2007 car valued at between $5,000 and 7,000. I currently have auto insurance ...
by Messner8000
Tue Oct 17, 2017 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Any Red Flag with Canceling Federal Employee Health Insurance?
Replies: 11
Views: 1359

Any Red Flag with Canceling Federal Employee Health Insurance?

Here is a question for any other federal employees on these boards. I am a federal employee and my wife (who is not a federal employee) just got a new job. To my surprise, the health care offered through her work is a better deal than the plans offered through my work. My plan is thus to cancel my f...
by Messner8000
Fri Oct 13, 2017 6:27 pm
Forum: Personal Consumer Issues
Topic: Anyone Ever Jackhammered a Concrete Patio?
Replies: 27
Views: 2007

Re: Anyone Ever Jackhammered a Concrete Patio?

Thanks everyone for the informative responses, and to Rocco and hicabob for the links. All these responses made me realize that: (1) that this would indeed be possible, and so (2) I need to do more research. While I'm not a big guy (about 6 ft. 170), it sounds like from a physical standpoint it shou...
by Messner8000
Fri Oct 13, 2017 4:00 pm
Forum: Personal Consumer Issues
Topic: Anyone Ever Jackhammered a Concrete Patio?
Replies: 27
Views: 2007

Anyone Ever Jackhammered a Concrete Patio?

My wife and I are hoping to get a screened in porch and we just got our first quotes. Due to drainage issues, one big component of each quote is $6,000 to remove a 12 foot by 12 foot section of concrete in the back yard and some outdoor concrete steps (which may or may not be filled with extra concr...
by Messner8000
Sun Oct 08, 2017 7:40 am
Forum: Personal Consumer Issues
Topic: Password Protection
Replies: 83
Views: 7511

Re: Password Protection

Thanks, everyone, for responding to my question - things make a lot more sense now. I now realize that transitioning to a password manager is a much bigger task than I thought - needing to change the passwords for all of my sights, then install the program on my wife's computer and my computer and o...
by Messner8000
Sat Oct 07, 2017 8:14 pm
Forum: Personal Consumer Issues
Topic: Password Protection
Replies: 83
Views: 7511

Re: Password Protection

Is it bad form to interrupt a great thread with a really dumb (but related) question? Everyone is always talking about these password manager programs. I recently downloaded LastPass. Here is what I don't get. LastPass lets me access all my accounts on my computer using my master password. Which is ...
by Messner8000
Fri Sep 29, 2017 1:39 pm
Forum: Investing - Help with Personal Investments
Topic: Why don't three goals - sabbatical, early retirement, and retirement - mean 3 different asset allocations?
Replies: 19
Views: 1323

Re: Why don't three goals - sabbatical, early retirement, and retirement - mean 3 different asset allocations?

Thanks for the thoughts, Klang. The idea that I just wouldn't have a taxable account - that I would basically just draw from my ROTH for major expenses (including maybe even my sabbatical) is so counter to everything I was ever told in the last 20 years (never touch your retirement accounts unless i...
by Messner8000
Fri Sep 29, 2017 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: Why don't three goals - sabbatical, early retirement, and retirement - mean 3 different asset allocations?
Replies: 19
Views: 1323

Re: Why don't three goals - sabbatical, early retirement, and retirement - mean 3 different asset allocations?

Rural - thanks for taking the time to write such a detailed response. I will look (again) at the wiki pages you flagged. I edited my original post to address your questions. I did want to clarify one issue. Right now, my AA allocation in my retirement accounts is more like 85/15. My original thinkin...
by Messner8000
Fri Sep 29, 2017 8:49 am
Forum: Investing - Help with Personal Investments
Topic: Why don't three goals - sabbatical, early retirement, and retirement - mean 3 different asset allocations?
Replies: 19
Views: 1323

Re: Why don't three goals - sabbatical, early retirement, and retirement - mean 3 different asset allocations?

Thanks for the link. I knew about the 10% penalty, but it never occurred to me that it could make sense to pay the penalty rather than having the money in a taxable account. I will have to study that article in much more detail, and then probably ask more questions :beer
by Messner8000
Fri Sep 29, 2017 8:26 am
Forum: Investing - Help with Personal Investments
Topic: Why don't three goals - sabbatical, early retirement, and retirement - mean 3 different asset allocations?
Replies: 19
Views: 1323

Re: Why don't three goals - sabbatical, early retirement, and retirement - mean 3 different asset allocations?

Klang - I'll be the first to admit that I may not know enough to think through all the ins and outs, but if I understand your question, my thinking was that since I can't use the 457/401k money for the sabbatical, it made sense to think of the money I need for that separately - since it is going to ...
by Messner8000
Fri Sep 29, 2017 7:23 am
Forum: Investing - Help with Personal Investments
Topic: Why don't three goals - sabbatical, early retirement, and retirement - mean 3 different asset allocations?
Replies: 19
Views: 1323

Why don't three goals - sabbatical, early retirement, and retirement - mean 3 different asset allocations?

I've read repeatedly on this board that you should consider all your accounts as one for purposes of determining the right asset allocation. But how does this work if you have three different goals you're saving for with three very different time (and thus risk) horizons? I am 35 and my wife (30) an...
by Messner8000
Sun Sep 24, 2017 7:27 pm
Forum: Investing - Help with Personal Investments
Topic: Help?! My 70 year old father is 100% invested in equities
Replies: 79
Views: 8846

Re: Help?! My 70 year old father is 100% invested in equities

Well, I'm glad my question has triggered such a wide-ranging conversation! Two thoughts I'll flag: (1) After so many comments about whether my dad would have the fortitude to stick with with his 100% AA in bad times, it occurred to me that I think I recall him saying a few years back that during the...
by Messner8000
Sat Sep 23, 2017 8:08 pm
Forum: Investing - Help with Personal Investments
Topic: Help?! My 70 year old father is 100% invested in equities
Replies: 79
Views: 8846

Re: Help?! My 70 year old father is 100% invested in equities

Thanks for all the thoughtful responses. I completely agree that the 1% for the adviser seems not good (especially since I don't like the adviser, who says things like "I've had very good success in my career picking winners...." and stuff like that). But my dad has always had an adviser and it's ju...
by Messner8000
Sat Sep 23, 2017 11:57 am
Forum: Investing - Help with Personal Investments
Topic: Help?! My 70 year old father is 100% invested in equities
Replies: 79
Views: 8846

Re: Help?! My 70 year old father is 100% invested in equities

Wow - thanks for all the thoughts. Livesoft - was your post a joke? If so, it rang close to home as I recently revamped my portfolio and adopted a 3-fund approach that is 80% stocks and 20% bonds. Since all this money (low-mid six figures) is in retirement accounts I won't access for 25+ years, I ca...
by Messner8000
Sat Sep 23, 2017 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Invest, or Buy a $25,000 Screened-in Deck?
Replies: 24
Views: 2665

Re: Invest, or Buy a $25,000 Screened-in Deck?

Your thoughts are well taken, Bough. Certainly the super ego part of me says that such an indulgence is just that...an indulgence. But the other half of me says, well, I am doing well saving for retirement and kid's college (although, of course you can always save more), both of our jobs are very se...
by Messner8000
Sat Sep 23, 2017 9:17 am
Forum: Investing - Help with Personal Investments
Topic: Help?! My 70 year old father is 100% invested in equities
Replies: 79
Views: 8846

Re: Help?! My 70 year old father is 100% invested in equities

Thanks for all the responses. To be honest, I was expecting everyone to say that he needs to read book X or article Y, and I wasn't expecting folks to tell me to lay off him! But thinking about it, I think that is probably darn good advice. I raised the point, he wasn't too thrilled about it, and so...
by Messner8000
Sat Sep 23, 2017 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Invest, or Buy a $25,000 Screened-in Deck?
Replies: 24
Views: 2665

Re: Invest, or Buy a $25,000 Screened-in Deck?

Thanks for all the positive feedback! Since we are meeting all of our retirement goals, it sounds like getting the deck is the way to go. To answer one of the questions, we bought our house a year ago for $500,000, so the deck is 5% of that (although zillow and redfin say the house is now worth 560 ...
by Messner8000
Sat Sep 23, 2017 6:35 am
Forum: Investing - Help with Personal Investments
Topic: Help?! My 70 year old father is 100% invested in equities
Replies: 79
Views: 8846

Re: Help?! My 70 year old father is 100% invested in equities

A very fair point. No - he did not ask for (and probably does not want) my advice. But he is always eager to learn more, and I feel like if I said "dad, I know you're doing X, Y, Z, but you should read these couple chapters in these couple investment books, and then use what you learn as a basis for...
by Messner8000
Sat Sep 23, 2017 6:32 am
Forum: Personal Finance (Not Investing)
Topic: Invest, or Buy a $25,000 Screened-in Deck?
Replies: 24
Views: 2665

Re: Invest, or Buy a $25,000 Screened-in Deck?

Yes - I too am definitely feeling the tug of the "what's the point of earning money if you don't spend it on things that will bring you happiness" argument. (And to answer your question, yes, we are meeting all of our retirement goals and have a rainy day fund).
by Messner8000
Sat Sep 23, 2017 6:16 am
Forum: Personal Finance (Not Investing)
Topic: Invest, or Buy a $25,000 Screened-in Deck?
Replies: 24
Views: 2665

Invest, or Buy a $25,000 Screened-in Deck?

As my father would say, I have a "high class" problem that I wanted to get some feedback on. I'm 35 years old, my wife and I each have good stable jobs (we each earn high five figures), and we have a new house, a 5-year old, a 6-month rainy day fund, and low-to-mid six figure retirement accounts (wh...
by Messner8000
Sat Sep 23, 2017 6:04 am
Forum: Investing - Help with Personal Investments
Topic: Help?! My 70 year old father is 100% invested in equities
Replies: 79
Views: 8846

Help?! My 70 year old father is 100% invested in equities

Since discovering this forum about six months ago, I've been busy reading books about investing and trying to determine what my AA should be (as a 35-year old). Upon deciding on an 80/20 stocks/bonds AA, I got curious and asked my retired 70-year-old father what his AA is for his sizable retirement ...
by Messner8000
Sat Jul 29, 2017 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: Can you overdose on 3-fund portfolios?
Replies: 8
Views: 1154

Re: Can you overdose on 3-fund portfolios?

Thanks, Jbolden for the article and succinct (and thought-provoking) thoughts. I guess my answer is that at my current level of knowledge (only been reading/learning about this stuff for about 4 months), by necessity I value simplicity because I don't yet have the toolbox necessary to increase compl...
by Messner8000
Sat Jul 29, 2017 2:32 pm
Forum: Investing - Help with Personal Investments
Topic: Can you overdose on 3-fund portfolios?
Replies: 8
Views: 1154

Re: Can you overdose on 3-fund portfolios?

Thanks for the information. I just started reading Ferri's All about Asset Allocation, and so looks like I'm on the right track there! Fortunately, all of our accounts - 401k, ROTH 401k, 403(b), etc. - have access to the Vanguard index funds I mentioned, and so that at least really simplifies things...
by Messner8000
Sat Jul 29, 2017 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: Can you overdose on 3-fund portfolios?
Replies: 8
Views: 1154

Can you overdose on 3-fund portfolios?

I have a 401k, my wife has a 403(b), and we each have a ROTH IRA. These used to be invested in a wide range of individual stocks and other not-so-great investments managed by an adviser, but now I have seen the light (thanks to lots of reading and folks on this board) and have transferred several of...
by Messner8000
Fri Jul 28, 2017 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: 403(b) Plan Detective: Where do I find the "hidden" fees?
Replies: 8
Views: 858

Re: 403(b) Plan Detective: Where do I find the "hidden" fees?

Thanks, everyone. That makes me feel a bit more comfortable that maybe we're just lucky!
by Messner8000
Fri Jul 28, 2017 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: 403(b) Plan Detective: Where do I find the "hidden" fees?
Replies: 8
Views: 858

403(b) Plan Detective: Where do I find the "hidden" fees?

My wife just got a job in the public schools and they are offering her a 403(b) through Fidelity (through a program they call FidelityNetBenefits). I had heard horror stories about 403(b) fees and expected the worst. I just called Fidelity, and they said that for her school's 403(b) fund I have acce...
by Messner8000
Tue Jul 18, 2017 7:02 am
Forum: Investing - Help with Personal Investments
Topic: Selling Wife's Equal Sector Weight ETF - any landmines I'm missing?
Replies: 10
Views: 1039

Re: Selling Wife's Equal Sector Weight ETF - any landmines I'm missing?

Thanks again for your thoughts. In response to your question, Celia, it's actually pretty simple (and I think somewhat common). My wife (who is in her mid-30s) has always socked a little away in a ROTH since she started working, and her parents' adviser has always invested those little amounts each ...
by Messner8000
Mon Jul 17, 2017 8:31 pm
Forum: Investing - Help with Personal Investments
Topic: Selling Wife's Equal Sector Weight ETF - any landmines I'm missing?
Replies: 10
Views: 1039

Re: Selling Wife's Equal Sector Weight ETF - any landmines I'm missing?

Thanks for the thoughts. To answer pk's question, the fund is with Fidelity but I'm thinking of moving it to Vanguard, and the only reason we didn't pay for the adviser is that it's that my wife's parents use the adviser (and pay his 1% commission :() and as a "perk" he "manages" this small amount o...
by Messner8000
Sun Jul 16, 2017 6:37 pm
Forum: Investing - Help with Personal Investments
Topic: Selling Wife's Equal Sector Weight ETF - any landmines I'm missing?
Replies: 10
Views: 1039

Re: Selling Wife's Equal Sector Weight ETF - any landmines I'm missing?

To answer your question, right now my portfolio is a simple three-fund approach: about 50% Total Stock Market (VTSAX), 30% Total International Stock Index (VTIAX) and 20% Total Bond Market Index Fun (VBTLX). So I plan to sell the Equal Sector Weight ETF and just use the money to buy the above holdin...
by Messner8000
Sun Jul 16, 2017 2:22 pm
Forum: Investing - Help with Personal Investments
Topic: Selling Wife's Equal Sector Weight ETF - any landmines I'm missing?
Replies: 10
Views: 1039

Selling Wife's Equal Sector Weight ETF - any landmines I'm missing?

My wife has a ROTH IRA that is 100% invested in a fund called ALPS Equal Sector Weight ETF (EQL). The expense ratio of the fund is .48. My plan (as I have already done with all of my holdings) is to sell the entire fund and then purchase shares of Vanguard Target Retirement Fund with a 80/20 AA. (Fo...
by Messner8000
Fri Jul 14, 2017 9:25 am
Forum: Investing - Help with Personal Investments
Topic: Why "Exchange" Funds Instead of "Sell" Funds?
Replies: 12
Views: 1332

Re: Why "Exchange" Funds Instead of "Sell" Funds?

Thanks everyone. That all makes a lot of sense and I appreciate the prompt and helpful responses. Geez...this forum is awesome.
by Messner8000
Fri Jul 14, 2017 8:29 am
Forum: Investing - Help with Personal Investments
Topic: Why "Exchange" Funds Instead of "Sell" Funds?
Replies: 12
Views: 1332

Re: Why "Exchange" Funds Instead of "Sell" Funds?

Gotcha - the funds I am selling are not Vanguard and the funds I am buying are Vanguard, and so it looks like perhaps for my purposes there isn't a difference....