Search found 66 matches

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: 517

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: 517

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: 727

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: 727

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: 196

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: 2247

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: 2247

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: 2247

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: 2247

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: 197

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: 1636

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 :beer and might be a little later getting the IRA contribution in. I just wanted to ...
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: 860

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: 860

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: 860

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: 647

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: 2513

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: 249

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: 1707

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: 3008

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: 2107

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/arbdt-residence-inn-ann-arbor-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 Arb...
by TarHeel2002
Thu Mar 24, 2016 9:22 am
Forum: Personal Finance (Not Investing)
Topic: student loan pay off redux
Replies: 8
Views: 973

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: 973

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
Wed Mar 23, 2016 7:59 am
Forum: Personal Finance (Not Investing)
Topic: student loan pay off redux
Replies: 8
Views: 973

Re: student loan pay off redux

bump. :happy
by TarHeel2002
Tue Mar 22, 2016 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: student loan pay off redux
Replies: 8
Views: 973

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: 2960

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: 1892

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: 1892

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 ...
by TarHeel2002
Tue Jan 12, 2016 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: pay down student loan, house or invest taxable?
Replies: 26
Views: 1892

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

Thanks for the replies. My emergency fund is solid (8 months) and I do have access to a HSA that I will fully fund this year. I have trouble deciding whether or not I should I be more liquid at this point or pay down the student loan. If I could pay the student loan off in one year I would elect to ...
by TarHeel2002
Tue Jan 12, 2016 10:55 am
Forum: Personal Finance (Not Investing)
Topic: pay down student loan, house or invest taxable?
Replies: 26
Views: 1892

pay down student loan, house or invest taxable?

This year I will be able to max out my 401k, Roth IRA, and 529 up to the state tax deduction. I will have an additional 20k available to work with. I am trying to figure out how to best utilize the additional funds. I am in my mid 30s with 2 kids. Debt: house = 163k @ 3.125% 30 year fixed student lo...
by TarHeel2002
Sun Dec 20, 2015 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency Fund Question(s)
Replies: 4
Views: 812

Re: Emergency Fund Question(s)

Thanks for the advice. I like the idea of just forgetting about it (Ibonds) and how it eventually becomes part of your overall AA. Is there any particular strategy I should employ when purchasing Ibonds..timing or quantity? Maybe start off by purchasing 10k this year and repeat next year until I'm 5...
by TarHeel2002
Sun Dec 20, 2015 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency Fund Question(s)
Replies: 4
Views: 812

Emergency Fund Question(s)

I had a couple questions I wanted to run by you guys/gals regarding my emergency fund. I have 50k in Barclays earning 1.0% interest. My monthly expenses are about $5800/month. I figure I have about 8.5 months worth of Efund available to me. I was wondering if I should do anything more creative with ...
by TarHeel2002
Tue Nov 03, 2015 11:25 am
Forum: Personal Finance (Not Investing)
Topic: add to assets or pay down business loan?
Replies: 6
Views: 551

Re: add to assets or pay down business loan?

professional service business - health care.

88k left on note (held by partners).
by TarHeel2002
Mon Nov 02, 2015 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: add to assets or pay down business loan?
Replies: 6
Views: 551

Re: add to assets or pay down business loan?

Marginal tax rate 25-28% - depends on the year. Business income quite stable. Time frame until need 529 funds 14-16 years. I do get a state income tax deduction on most of that 11k. The business loan that I am paying off is for the Goodwill portion of the business. I already paid off the post tax as...
by TarHeel2002
Mon Nov 02, 2015 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: add to assets or pay down business loan?
Replies: 6
Views: 551

add to assets or pay down business loan?

I will likely be receiving 25-30k post tax next month. My question is what should I do with it? I have already maxed out 401K and backdoor roth 2015. My initial plan was to add 11k to my kids' 529 for 2015. I was also going to add another 8k to my Efund and then fully fund my backdoor Roth 2016 with...
by TarHeel2002
Mon Oct 05, 2015 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: PPO or HSA?
Replies: 14
Views: 1376

Re: PPO or HSA?

Great advice. Thanks! Any preference on a HSA custodian/trustee? I would like to build up to my annual family OOP (keep that safe) and then have the option to invest afterwards. Does that sound like an okay idea or should I just keep it all parked in cash/money market and adjust my AA accordingly? I...
by TarHeel2002
Mon Oct 05, 2015 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: PPO or HSA?
Replies: 14
Views: 1376

Re: PPO or HSA?

Thank you for the replies. The HDHP has the same in-network coverage as the PPO. I agree - out the the gate the HDHP is a little more risky with 0 put away. I could immediately dump in $6750 in January 2016 if I needed to. It is also my understanding that if I were to exceed the $6750 for 2016 I can...
by TarHeel2002
Mon Oct 05, 2015 10:08 am
Forum: Personal Finance (Not Investing)
Topic: PPO or HSA?
Replies: 14
Views: 1376

PPO or HSA?

I have always had a PPO in the past but now I am looking at an HSA possibly for 2016. What do you think? Family of four (all good health - knock on wood). 35, 32, 4, 2 HSA covers all preventative 100% (exams, blood work, pap smears, immunizations, etc) PPO premium = $1308/month deductible individual...
by TarHeel2002
Tue Jul 14, 2015 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off Student Loan in 2016?
Replies: 23
Views: 2913

Re: Pay off Student Loan in 2016?

Thanks for the feedback everybody. Just of out curiosity - how do you all feel about maxing tax deferred retirement contributions and doing some taxable investing (vtsax) in lieu of paying the loan off earlier (keep making minimum payments)? I am 35 y.o. and plan on working another 20 years at least...
by TarHeel2002
Sun Jul 12, 2015 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off Student Loan in 2016?
Replies: 23
Views: 2913

Re: Pay off Student Loan in 2016?

I am definitely not 100% sure I am making the correct decision here in paying off the loan early. I do have some extra cash every month and usually a nice little chunk a the end of the year too. I am trying to be good and do something responsible with the money. Previously, I was funneling it toward...
by TarHeel2002
Sun Jul 12, 2015 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off Student Loan in 2016?
Replies: 23
Views: 2913

Re: Pay off Student Loan in 2016?

I do get a match but I am self employed so it's my money matching it. Thanks!
by TarHeel2002
Sun Jul 12, 2015 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off Student Loan in 2016?
Replies: 23
Views: 2913

Pay off Student Loan in 2016?

I have come to terms that I need to pay off my student loan for a variety of reasons. Up until just a few months ago, I was only making the minimum payment on a 30 year loan fixed at 3.5%. My payments are $764/month. My current balance is 124k. I was running some numbers and I think there is a fairl...
by TarHeel2002
Tue Mar 31, 2015 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: SIMPLE 401k
Replies: 0
Views: 255

SIMPLE 401k

My business sponsors a SIMPLE 401k (hybrid SIMPLE IRA / 401k plan). It is offered through AXA Equitable which has notoriously high ERs. I keep all of my money in the lowest cost index fund which is a 500 Index fund (ER 0.89%). I then attain my AA by moving money around in my Roth accounts which are ...
by TarHeel2002
Thu Mar 12, 2015 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Cincinnati insurance?
Replies: 7
Views: 1088

Re: Cincinnati insurance?

+1 on Cincinnati. I've been with them for 9 years for auto and home owners. I've had one claim and no problem getting reimbursed.
by TarHeel2002
Tue Jan 27, 2015 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: what to do with a few extra bucks
Replies: 13
Views: 1208

Re: what to do with a few extra bucks

I figured that's what you would say if you came across this post (Toons). :D Thanks. I enjoy reading your posts often. No nonsense and to the point.
by TarHeel2002
Tue Jan 27, 2015 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: what to do with a few extra bucks
Replies: 13
Views: 1208

Re: what to do with a few extra bucks

Great responses. Thank you. I like the IBonds suggestion for Efund. I will look into that. The 4.12% gives me a hard number with respect to the return I hope to earn. It makes me feel a little more comfortable going VTSAX long term (although I know there are no guarantees in investing). The loans ar...
by TarHeel2002
Tue Jan 27, 2015 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: what to do with a few extra bucks
Replies: 13
Views: 1208

Re: what to do with a few extra bucks

My income is too much for it to be tax deductible. Depending on the year, I usually end up in the 25-28% bracket.

Yes I do max out 401k and IRAs every year and have a healthy E fund (6-7months Barclays 1.0%)

I was leaning taxable but wasn't totally sure....not a fan of debt either..
by TarHeel2002
Tue Jan 27, 2015 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: what to do with a few extra bucks
Replies: 13
Views: 1208

Re: what to do with a few extra bucks

3.5% fixed 30 year
by TarHeel2002
Tue Jan 27, 2015 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: what to do with a few extra bucks
Replies: 13
Views: 1208

what to do with a few extra bucks

I have about 8k in discretionary cash on hand. What should I do with it? 1. Pay down student loan 2. Invest in taxable Vanguard account (VTSAX) for long term I am fully maxing all tax sheltered vehicles available to me this year and I have sufficient E Fund. DEBT House = 167k (3.125%) Student Loan =...

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