Search found 88 matches

by TarHeel2002
Sat Dec 09, 2017 12:22 pm
Forum: Personal Consumer Issues
Topic: Espresso Machine suggestions?
Replies: 33
Views: 1552

Re: Espresso Machine suggestions?

Thanks for the link. $500-1k budget is what I was thinking.
by TarHeel2002
Sat Dec 09, 2017 12:12 pm
Forum: Personal Consumer Issues
Topic: Espresso Machine suggestions?
Replies: 33
Views: 1552

Espresso Machine suggestions?

I've developed a bit of an addiction to lattes. I'm pretty frugal in most other areas so I don't mind buying a few every week for myself and DW. What I do mind is the time it takes to drive to the other side of town to get a decent one. I was thinking of trying to make my own in house so I don't hav...
by TarHeel2002
Sat Nov 25, 2017 11:08 am
Forum: Personal Finance (Not Investing)
Topic: the psychology of a taxable account
Replies: 29
Views: 2572

the psychology of a taxable account

I max out tax all deferred accounts every year available to me. I am thinking of starting a taxable account. I am also thinking of paying down some low interest mortgage debt in lieu of the taxable account (forced savings). Tax deferred accounts are easy for me to mentally categorize as 'untouchable...
by TarHeel2002
Thu Nov 09, 2017 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: pick one for me..
Replies: 14
Views: 1188

Re: pick one for me..

College 529 savings are in progress and growing.

I do pay myself rent on the rental property. I positive cash flow $500/month on the property (rent check - rental mortgage payment).
by TarHeel2002
Thu Nov 09, 2017 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: pick one for me..
Replies: 14
Views: 1188

Re: pick one for me..

Thank you for the feedback.

0 in taxable so this would be something new to start and grow.

tax deferred portfolio mid six figure.

I cannot sell the rental - I operate my business out of it. I am my own tenant.

My E fund is 6 months - 30k.
by TarHeel2002
Thu Nov 09, 2017 11:06 am
Forum: Personal Finance (Not Investing)
Topic: pick one for me..
Replies: 14
Views: 1188

pick one for me..

(All tax deferred investments are being maxed out annually) 37 y.o. married with a couple kiddos. What to do with some extra monthly cash flow? 1. Accelerate pay off 15 year fixed 4.75% rental property mortgage of 198k. 2. Accelerate pay off of 30 year fixed 3.125% home mortgage of 156k. 3. Add to t...
by TarHeel2002
Tue Oct 31, 2017 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Favor HSA or Taxable investing for long term?
Replies: 8
Views: 671

Favor HSA or Taxable investing for long term?

I am maxing out my 401(k), Roth IRA, and 529 space. I have an HSA and am looking at maxing that out as well. My plan was to max out the HSA and invest the funds for the long term since the HSA has a triple tax deduction. I am using The HSA Authority. I was going to use my own after tax funds to pay ...
by TarHeel2002
Mon Oct 30, 2017 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: college savings: 529 or Roth IRA owned by child?
Replies: 6
Views: 745

college savings: 529 or Roth IRA owned by child?

I was recently introduced to the idea that I could put my children on payroll at my small business to assist in simple chores (dusting the office space, taking out the trash, etc). Their earned income could be placed into a Roth IRA for future college expenses and/or a head start on retirement savin...
by TarHeel2002
Tue Oct 03, 2017 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: loosening the purse strings a bit at 37?
Replies: 30
Views: 4084

Re: loosening the purse strings a bit at 37?

I think you should try to save even more because you have reached the "sweet spot" for accumulations. Many of the early life expenses (your college/education, wedding, loss of income after kids are born, house downpayment, furniture for that house, first cars, second cars, etc.) are behind you. Oth...
by TarHeel2002
Tue Oct 03, 2017 11:16 am
Forum: Personal Finance (Not Investing)
Topic: loosening the purse strings a bit at 37?
Replies: 30
Views: 4084

Re: loosening the purse strings a bit at 37?

If OP had the ability to have his business "match" his 401k contributions dollar for dollar he could defer $36k in the 401k, $6,750 in HSA, $5,500 in tIRA, $5,500 in spousal tIRA. This would dramatically lower the tax bill, unless my thinking is too simplistic. This is it pretty much it. My new inv...
by TarHeel2002
Mon Oct 02, 2017 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: loosening the purse strings a bit at 37?
Replies: 30
Views: 4084

Re: loosening the purse strings a bit at 37?

OP How much tax advantaged space to you have available to you? Do you have a solo 401k where can sock away 50k+ plus 2 Roth IRA's (possibly backdoor) + HSA + 529s? If you could sock away 60k in the 401k and 2 Roth IRA's plus 17k in your 529s and HSA that would be a pretty great goal IMO. That's jus...
by TarHeel2002
Sun Oct 01, 2017 9:40 am
Forum: Personal Finance (Not Investing)
Topic: loosening the purse strings a bit at 37?
Replies: 30
Views: 4084

Re: loosening the purse strings a bit at 37?

You need to have a reason to lose your purse strings. Otherwise you might just keep losing and get lost eventually. As I said in another thread, we reached financial independence. After we decided to lose our purse strings, we found we are no longer financially independent, since our expenses go up...
by TarHeel2002
Sun Oct 01, 2017 9:35 am
Forum: Personal Finance (Not Investing)
Topic: loosening the purse strings a bit at 37?
Replies: 30
Views: 4084

Re: loosening the purse strings a bit at 37?

It's a pretty good work/life balance. <40 hrs per week for me. Wife is SAHM.
by TarHeel2002
Sun Oct 01, 2017 9:29 am
Forum: Personal Finance (Not Investing)
Topic: loosening the purse strings a bit at 37?
Replies: 30
Views: 4084

Re: loosening the purse strings a bit at 37?

Thank you for the feed back. I feel like I'm trying to strike a balance between saving and preparing for the future while not letting the 'now' pass me and my family by. Based on our current spending, I could potentially increase my annual retirement savings to 80k per year. This does not include an...
by TarHeel2002
Sat Sep 30, 2017 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: loosening the purse strings a bit at 37?
Replies: 30
Views: 4084

loosening the purse strings a bit at 37?

37 y.o married with 2 kids (6 and 4). Annual salary 225-250k Debts 156k home mortgage 3.125% 30 year fixed ($750 month payment) 199k owner occupied real estate that I rent to myself for my business 4.75% 15 year fixed ($1616 month payment with rental income of $2050 per month) Savings 450k retiremen...
by TarHeel2002
Wed Aug 23, 2017 11:33 am
Forum: Personal Consumer Issues
Topic: Weightlifting Equipment for Home Gym
Replies: 54
Views: 5444

Re: Weightlifting Equipment for Home Gym

I bought a Rogue rack about 2 years ago and I love it. I use it 3-5 times per week in my basement. It was expensive but well worth it. I can do all of the major lifting exercises one would do at the gym. You need to buy a quality bench to complement it. I would definitely buy one again. I never bolt...
by TarHeel2002
Sat Aug 19, 2017 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Cash out refi for exterior home remodel?
Replies: 3
Views: 305

Cash out refi for exterior home remodel?

I am 37 y.o. married with two kids (6 and 4). We are exploring the option of a complete remodel/update of our existing home by a reputable contractor. I have yet to receive the quote but I am expecting 60-75k for the work. I have two contractors out for bids right now and we would not move forward o...
by TarHeel2002
Tue Jul 25, 2017 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: $500 month - invest, car fund, debt?
Replies: 2
Views: 502

$500 month - invest, car fund, debt?

I was hoping to get some feedback on what to do with an extra $500/month. Starting in 2018, we will be maxing out 401(k), HSA, Roth IRA backdoor, and 529 fund to state deduction max. In addition, I will be starting a taxable account VTSAX and investing $1000/month. Annual retirement contributions wi...
by TarHeel2002
Wed May 31, 2017 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Help me determine a savings percentage..
Replies: 19
Views: 1762

Re: Help me determine a savings percentage..

Great responses. I wish a line chart/graph existed that showed the intersection point of: savings percentage, spending, and happiness. I suppose that each persons chart would be different. Thanks again! :sharebeer
by TarHeel2002
Wed May 31, 2017 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Help me determine a savings percentage..
Replies: 19
Views: 1762

Help me determine a savings percentage..

36 yo married with two kids 6 and 4. 200k income 405k tax deferred investments 30k emergency fund (6 months) 53k 529 for kids 158k fixed 3.125% 30 year mortgage 203k fixed 4.75% 15 year rental property mortgage I max all tax deferred buckets available to me which amounts to about 42k/year not includ...
by TarHeel2002
Tue May 23, 2017 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: A little guidance please..
Replies: 6
Views: 1376

Re: A little guidance please..

Thank you for the response. I am 100% VFORX (Vanguard Target Retirement 2040) in our Roth IRA accounts. I hold two funds in my 401(k): a 500 index fund and a bond fund. My expense ratios are fairly high in my 401(k) so I attempt to seek out the lowest cost funds that will still fulfill my AA needs. ...
by TarHeel2002
Tue May 23, 2017 8:24 am
Forum: Personal Finance (Not Investing)
Topic: A little guidance please..
Replies: 6
Views: 1376

A little guidance please..

Some of my business obligations are to be paid off in the next few months. I recently finished paying off my student loan as well. So my question is: After maxing 401(k), backdoor Roth IRA x2, HSA, and 529 state tax deduction limit I will have about $2000/month of extra funds to do something with. I...
by TarHeel2002
Thu May 18, 2017 2:17 pm
Forum: Investing - Help with Personal Investments
Topic: VFORX to start taxable account [Target Date Retirement 2040]
Replies: 8
Views: 859

Re: VFORX to start taxable account

Thank you very much for the sound advice. I will go VTSAX for long term investing in taxable. To balance my bond allocation would you recommend I-bonds? I am not well versed in bond investments. Perhaps I should just go 100% VTSAX?
Thanks.
by TarHeel2002
Thu May 18, 2017 1:03 pm
Forum: Investing - Help with Personal Investments
Topic: VFORX to start taxable account [Target Date Retirement 2040]
Replies: 8
Views: 859

VFORX to start taxable account [Target Date Retirement 2040]

I will be starting a taxable account in a few months and I was thinking of making monthly deposits into a Vanguard Target Retirement Date 2040 fund (VFORX). I realize that Vanguard Total Stock Market fund (VTSAX) may be more tax efficient but VFORX will take care of my asset allocation for me automa...
by TarHeel2002
Sat Mar 11, 2017 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Where to go from here? Paid off Student Loan.
Replies: 5
Views: 861

Re: Where to go from here? Paid off Student Loan.

Thank you for the congrats and welcome advice. I used 26k in emergency fund, 12k windfall, and the remaining was paid in monthly installments with whatever we had left over every month. It was hard to 'click' that money away each month with extra payments online but I'm so happy that I did. I lost a...
by TarHeel2002
Fri Mar 10, 2017 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: Where to go from here? Paid off Student Loan.
Replies: 5
Views: 861

Where to go from here? Paid off Student Loan.

Just looking for a little advice. One year ago I had about 125k in student loan debt and it is finally paid off. I was hoping to get a little guidance on my financial journey. 36yo married with two kids (5 and 3) 180-200k annual income 400k investments 20k emergency fund (down to 4 months - plan to ...
by TarHeel2002
Sun Feb 26, 2017 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation across multiple accounts - tax differences
Replies: 1
Views: 255

Asset Allocation across multiple accounts - tax differences

My wife and I have a 401(k) and a Roth IRA. I try to have as few funds as possible for simplicity (500 index, VTIAX, VBTLX) across these accounts. My asset allocation mimics VFORX (Vanguard Target 2040) as close as possible. I 'tax weight' across these accounts for my AA to make the dollars as equal...
by TarHeel2002
Wed Feb 22, 2017 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: home improvementl strategy
Replies: 19
Views: 2566

Re: home improvementl strategy

Thanks for all the great responses. Sorry to drag this thread on a little further. Our house payment is $750/month which we find very affordable. I had a couple of estimates done last year for just the roof and driveway and those total up to 18k. I wouldn't get all the bells and whistles of what I w...
by TarHeel2002
Tue Feb 21, 2017 7:04 am
Forum: Personal Finance (Not Investing)
Topic: home improvementl strategy
Replies: 19
Views: 2566

Re: home improvementl strategy

Emergency fund = 6 months (30k) I am married with two kids (5 and 3). We are in our mid 30s. I appreciate the alternative view point...happy wife = happy life. Lots of truth to that one! Hopefully once I get this student loan finished off - we can start saving for some fun stuff...like a new roof!
by TarHeel2002
Mon Feb 20, 2017 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: home improvementl strategy
Replies: 19
Views: 2566

Re: home improvementl strategy

I would agree with the peculiar notion of 'rewarding' myself with another loan after paying off the student loan. This has been quite a journey paying down the student loan. I was sitting at 124k balance last year at this time and now I'm down to 15k so I'm pretty happy about that. I should have the...
by TarHeel2002
Mon Feb 20, 2017 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: home improvementl strategy
Replies: 19
Views: 2566

home improvementl strategy

We are considering doing some fairly substantial home improvements this year (roof, driveway, exterior stuff totaling 30 to 40k). These improvements will definitely help us feel good about our current home situation and avoid "moving up". Our only personal debt will be the home mortgage si...
by TarHeel2002
Sun Jan 22, 2017 10:59 am
Forum: Personal Finance (Not Investing)
Topic: adjust anything/suggestions?
Replies: 2
Views: 272

adjust anything/suggestions?

36 y.o married 2 young kids (5 and 3). income (2016) = 175k (Assets) 401(k)+Roth = 380k 529 = 50k Efund = 30k (6 months) (Debt) Mortgage = 159k @ 3.125% 30yr fixed Student Loan = 23k @ 3.5% 30 yr fixed (plan to have this paid off in 3 months) Rental property (owner occupied) = 208k @ 4.75% 15 yr fix...
by TarHeel2002
Tue Jan 03, 2017 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA deadline for 2017?
Replies: 4
Views: 2014

Backdoor Roth IRA deadline for 2017?

I was wondering if anyone could tell me when the deadline is to make a Traditional IRA contribution for 2017 and then convert it to a Roth IRA for 2017 (backdoor)? I am finishing paying off my student loan this year and might be a little later getting the IRA contribution in. I just wanted to know i...
by TarHeel2002
Fri Nov 18, 2016 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: taxable investing or pay down rental/owner occupied real estate?
Replies: 9
Views: 1060

Re: taxable investing or pay down rental/owner occupied real estate?

Would you just recommend dragging out the loan the entire 15 year duration then? Also - how do you view a commercial real estate loan differently from a student loan (risk, leveraging, etc)? I am fairly close to having my student loan paid off and will be quite happy when I am done with that.
by TarHeel2002
Fri Nov 18, 2016 11:18 am
Forum: Personal Finance (Not Investing)
Topic: taxable investing or pay down rental/owner occupied real estate?
Replies: 9
Views: 1060

Re: taxable investing or pay down rental/owner occupied real estate?

I plan on holding this real estate long term (20+ years) since this is where I work and it won't change. I am my own tenant so I don't have to worry about evictions etc. My other retirement/EF accounts etc are mid six figures. Is 4.75% 15 year fixed considered a decent rate for rental/commerical pro...
by TarHeel2002
Fri Nov 18, 2016 10:45 am
Forum: Personal Finance (Not Investing)
Topic: taxable investing or pay down rental/owner occupied real estate?
Replies: 9
Views: 1060

taxable investing or pay down rental/owner occupied real estate?

This situation will present itself to me in 6 months and I wanted to get some feedback. I will be maxing 401k, backdoor Roth, HSA, 529 to state deduction limit. I am in my mid 30s married with two kids. My home mortgage is 30 yr fixed @ 3.125% 160k balance. My student loan will be paid off in 6 mont...
by TarHeel2002
Fri Sep 09, 2016 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: student loan payoff - press on?
Replies: 6
Views: 749

student loan payoff - press on?

I wanted to check in to see what the consensus is on this one. student loan debt = 71k @ 3.5% fixed - the payments are $764/month I am paid ahead on this federal loan and don't technically owe a payment until 2022. I have been paying extra toward this loan over the last 10 months as I have been tryi...
by TarHeel2002
Sat Jul 09, 2016 8:24 pm
Forum: Investing - Help with Personal Investments
Topic: Aggresively paying student loans vs saving for retirment
Replies: 34
Views: 2734

Re: Aggresively paying student loans vs saving for retirment

Funny you should post this. I was just running numbers for myself tonight. I am of doing exactly what you are proposing. My rate is 3.5% fixed, 82k still owed, monthly payments $765/month. I am throwing 4k/month at the loan right now. I am also planning to apply an end year bonus + reduce my emergen...
by TarHeel2002
Wed May 25, 2016 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Cash flow, Tax Deferred Investing, and Student Loan
Replies: 2
Views: 284

Cash flow, Tax Deferred Investing, and Student Loan

I have previously posted variations of this topic in the past. I just need to revisit it and see what you all have to say (again) regarding my situation. Debt: Student Loan = 88k @ 3.5% fixed Mortgage = 162k @ 3.125% fixed Assets: Emergency Fund = 45k (7.5 months expenses) 401k/Roth = 342k 529 colle...
by TarHeel2002
Thu May 19, 2016 9:33 am
Forum: Personal Finance (Not Investing)
Topic: New tires for a 10 year old Camry
Replies: 16
Views: 1884

New tires for a 10 year old Camry

I need some new tires for my commuter car (Toyota Camry) that is 10 years old 135k miles on it. I probably put 6k miles/year on it now and drive it 95% of the time to and from work. I would like to keep it a few more years if I'm lucky. I was looking at two different kinds of tires as they are runni...
by TarHeel2002
Tue Apr 26, 2016 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with money (first world problem)
Replies: 15
Views: 3242

Re: What to do with money (first world problem)

Take a nice trip with the kids. They will enjoy it and the memories you make will be well worth it. You have worked hard and you and your family deserve it. :happy
by TarHeel2002
Mon Apr 25, 2016 7:42 pm
Forum: Personal Consumer Issues
Topic: U. of Michigan, Indiana U. college visits
Replies: 21
Views: 2301

Re: U. of Michigan, Indiana U. college visits

There are plenty of nice hotels to stay at in A^2 but this one is great and is in a great location.

http://www.marriott.com/hotels/travel/a ... -downtown/

Make sure you walk through the law quad and grab a bite to eat at Zingermans. That should give you a good taste of Ann Arbor/University of Michigan.

Have fun...GO BLUE! :happy
by TarHeel2002
Thu Mar 24, 2016 9:22 am
Forum: Personal Finance (Not Investing)
Topic: student loan pay off redux
Replies: 8
Views: 1050

Re: student loan pay off redux

The 27k mostly went against principal less a few hundred dollars of outstanding interest accrued from the previous month. I had the option to advance the due date so I elected to do so figuring it gives me some cushion if I needed it in the future. I have 7.5 months of emergency fund available to me...
by TarHeel2002
Thu Mar 24, 2016 6:41 am
Forum: Personal Finance (Not Investing)
Topic: student loan pay off redux
Replies: 8
Views: 1050

Re: student loan pay off redux

I estimate it would take me 3.5 years to pay off the student loan if I max out tax deferred space and paid whatever extra I had toward the loan. My student loan interest is no longer deductible. My next due date has been advanced to 2019 given the extra payments I have made (federal loans). Interest...
by TarHeel2002
Tue Mar 22, 2016 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: student loan pay off redux
Replies: 8
Views: 1050

student loan pay off redux

Just thought I would check in to get some much needed advice and guidance from fellow bogleheads. I have recently applied an extra 27k lump sum to my student loans which felt great! I have the 'opportunity' to completely pay off my student loans in 1.5 years but it will come at the expense of maxing...
by TarHeel2002
Thu Mar 10, 2016 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off student loan or invest
Replies: 32
Views: 3207

Re: Pay off student loan or invest

I am in a similar situation. I have decided to pay down the student loan vs further investing. My 99k student loan is at 3.5%.
by TarHeel2002
Wed Jan 13, 2016 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: pay down student loan, house or invest taxable?
Replies: 26
Views: 2023

Re: pay down student loan, house or invest taxable?

Thanks to all for your comments and insight regarding my post. I truly appreciate getting quality feedback from all you Bogleheads out there. I am thinking I will probably go 50/50 at this point - taxable (VTSAX) and student loan for 2016. Hopefully I will continue to have this 'problem' and can con...
by TarHeel2002
Tue Jan 12, 2016 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: pay down student loan, house or invest taxable?
Replies: 26
Views: 2023

Re: pay down student loan, house or invest taxable?

I completely see your point regarding the debt emergency of the student loan and the purpose of the emergency fund, etc. That being said - would it be a 'safer' investment to pay off the house more rapidly as opposed to the student loan. Federal student loans have a lot of deferment/payment options ...