Search found 37 matches

by Wings5
Fri Apr 21, 2017 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: Did anything surprise you in your 2016 taxes?
Replies: 82
Views: 6321

Re: Did anything surprise you in your 2016 taxes?

I work for Uncle Sam and a Fortune 500. My social security taxes withheld exceeded the maximum and I did not catch it. It had never been an issue before, so now I have to refile to get a few hundred dollars back. Started doing my own taxes three years ago by following the instructions. Just got pret...
by Wings5
Wed Apr 19, 2017 9:48 am
Forum: Personal Consumer Issues
Topic: Improving my Math Skills
Replies: 27
Views: 2980

Improving my Math Skills

Good Morning, When I was in high school I was not very interested in math. Mainly, I was a thick-headed teenager who did not like working for a demanding calculus teacher, so I dropped calculus and gave up on math. "I'll never use this anyway," I thought. In college I took pre-algebra and ...
by Wings5
Mon Apr 17, 2017 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: College Tuition Waivers and the National Guard
Replies: 2
Views: 442

College Tuition Waivers and the National Guard

Has anyone on here used tuition waivers through the national guard to pay for school? I'm currently serving and I've been out of college for almost 11 years now, so my ship has sailed. Many of the folks I serve with enlisted in the guard (air or army) out of high school, went through basic, and dril...
by Wings5
Mon Apr 17, 2017 4:55 pm
Forum: Investing - Help with Personal Investments
Topic: Where to Invest 1st $2000 of Coverdell ESA
Replies: 8
Views: 378

Re: Where to Invest 1st $2000 of Coverdell ESA

+1 for Schwab. I have them for our kids and while I'm still learning more about them, I put everything in SWTSX, the Schwab Total Stock Market Index Fund. Minimum $1 investment and the ER is 0.03% This year I will start adding bonds to get to the AA that I want. I haven't fully decided on an AA, but...
by Wings5
Tue Apr 04, 2017 11:42 am
Forum: Local Chapters and Bogleheads Community
Topic: Your USER NAME...what does it mean?
Replies: 319
Views: 17382

Re: Your USER NAME...what does it mean?

Callsign on one of my favorite flights ever.
by Wings5
Tue Apr 04, 2017 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Deductible Traditional IRA for Nonworking Spouse
Replies: 0
Views: 125

Deductible Traditional IRA for Nonworking Spouse

Hi All, I came across this doing my taxes today and thought I'd bounce it off everyone here. We're a single-income household. Our AGI is just above $118,000 but below $184,000. We contributed $5,500 to each of our IRAs this year; mine as a Roth and hers as traditional. Income fluctuations make it di...
by Wings5
Mon Mar 20, 2017 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Recommended emergency fund for middle class households: $13,800
Replies: 64
Views: 6751

Re: Recommended emergency fund for middle class households: $13,800

I'm curious how many months of expenses the average Boglehead keeps in an emergency fund, and where they keep it. We have five months earmarked within a Roth IRA plus two months earmarked in a high yield savings account; we add to the savings account bucket each month.
by Wings5
Mon Jan 23, 2017 4:22 pm
Forum: Personal Consumer Issues
Topic: Roto-molded cooler suggestions, like Yeti
Replies: 20
Views: 2121

Re: Roto-molded cooler suggestions, like Yeti

Bison Coolers are made in the USA and have similar performance as a Yeti.

Count me in the camp for the Coleman Xtreme. I've taken them on multi-day trips on road and water and they have stayed cold the whole time. On water we use ratchet straps to keep it closed in case of a cooler overboard.
by Wings5
Sun Jan 08, 2017 9:21 pm
Forum: Investing - Help with Personal Investments
Topic: Please evaluate 30 year old's current setup
Replies: 1
Views: 430

Re: Please evaluate 30 year old's current setup

Looks like you're investing close to $40,000/year at 30. Congratulations...looks great to me!
by Wings5
Mon Dec 12, 2016 7:34 pm
Forum: Personal Consumer Issues
Topic: TrueCar Quote Question
Replies: 5
Views: 759

TrueCar Quote Question

Hello! My wife and I are looking at Corollas and Elantras to replace our mid-90s Honda that finally drove its last mission. I put something out on TrueCar for 2017 Corollas; 3 of the 4 dealers e-mailed back that they'd love to talk, etc., but are very non-committal on pricing. The fourth dealer quot...
by Wings5
Mon Dec 05, 2016 10:20 pm
Forum: Personal Consumer Issues
Topic: Flying Across Atlantic with 98th Percentile 18-Month Child
Replies: 114
Views: 7559

Re: Flying Across Atlantic with 98th Percentile 18-Month Child

My wife and I took our then 18 month old to Kauai from DFW; 3 legs. We checked the number of actual open seats on the flight, saw there would be plenty, and asked people if they wanted to switch seats. Westbound he was up the whole time and got a little cranky, but going to Hawaii everyone is laid b...
by Wings5
Wed Nov 16, 2016 10:08 am
Forum: Personal Consumer Issues
Topic: Alternatives to Stand-up Desks
Replies: 22
Views: 2543

Re: Alternatives to Stand-up Desks

I work at a company with over 200 employees and we all have electrically assisted variable height desks. The option to stand is wonderful, but if you are looking to improve your health with the desk be sure to increase your overall movement. Standing and sitting are both sedentary postures that plac...
by Wings5
Thu Jul 07, 2016 10:33 am
Forum: Investing - Help with Personal Investments
Topic: What to do with EE bonds
Replies: 6
Views: 1170

What to do with EE bonds

My spouse and I were recently combing through old boxes and we found some old EE series US Savings Bonds. All are in my name or her name except the one earning 0.70% interest; that's in our young son's name. 1 has already matured in 2014. $230 total value 2 will mature in 2016. $224 current value / ...
by Wings5
Mon Apr 11, 2016 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Unable to Enter W-2C Info in Free File Fillable Forms
Replies: 0
Views: 739

Unable to Enter W-2C Info in Free File Fillable Forms

Hello, This year I received a W-2C for make-up 401k contributions. I returned to my company from long-term military leave and was able to make up contributions from 2010 and 2011. Hence, my box 12 codes include the year: 12a) D10 $1234.56 12b) AA11 $1234.56 This is the correct way to report the make...
by Wings5
Mon Feb 29, 2016 1:30 am
Forum: Personal Consumer Issues
Topic: Camping & "Adventure" Gear for a 3 year old
Replies: 34
Views: 2051

Re: Camping & "Adventure" Gear for a 3 year old

Little kids love headlamps in the dark like they love donuts and cake. Excellent buy. Talk it up like the adventure that it is. "Well, you usually have to be four to camp, but if you are adventurous/brave/etc. enough maybe you can go a year early." Ours fall for that all the time. Take bab...
by Wings5
Tue Feb 23, 2016 8:39 pm
Forum: Investing - Help with Personal Investments
Topic: Roth, Traditional, and the 15% Tax Bracket
Replies: 70
Views: 7456

Re: Roth, Traditional, and the 15% Tax Bracket

I like KlangFool's advice - +1. 401k for the match, then roth, then back to 401k. Perfect is the enemy of good. I also have mid-five figures worth of make-up 401k space that I can use over the next four years; it comes from long-term military leave and USERRA laws. In effect, for this year I have >...
by Wings5
Mon Feb 22, 2016 7:53 pm
Forum: Investing - Help with Personal Investments
Topic: Roth, Traditional, and the 15% Tax Bracket
Replies: 70
Views: 7456

Re: Roth, Traditional, and the 15% Tax Bracket

Thank you all for the tips and advice. I'm going to plan on a middle-of-the-road approach and estimate a $115,000 salary. I'll start with Roth 401k and Roth IRA and switch to traditional 401k roughly mid-year or in the fall when I have a better estimation of what my exact income will be for the year...
by Wings5
Mon Feb 22, 2016 12:43 pm
Forum: Investing - Help with Personal Investments
Topic: Roth, Traditional, and the 15% Tax Bracket
Replies: 70
Views: 7456

Re: Roth, Traditional, and the 15% Tax Bracket

Thak you all for the info.

We have 3 children, no state income tax, and +30 years to retirement.
by Wings5
Mon Feb 22, 2016 11:54 am
Forum: Investing - Help with Personal Investments
Topic: Roth, Traditional, and the 15% Tax Bracket
Replies: 70
Views: 7456

Roth, Traditional, and the 15% Tax Bracket

My income varies between $90-140k. Around July-August I can make a much better prediction about where my salary and tax liability will end up for the year. However, I'm curious about how to optimize my tax sheltered space between Roth and traditional given an "on-the-fence" income. For 201...
by Wings5
Thu Dec 31, 2015 2:14 am
Forum: Personal Finance (Not Investing)
Topic: Military and House Buying
Replies: 8
Views: 846

Re: Military and House Buying

Current military here, although a reservist stationed in Living Room AFB. Most of my active duty friends who have bought and sold houses have not come out ahead in the long run. The transaction cost is too high, especially over such a short term, to get any real return against such a large risk. Thi...
by Wings5
Sun Nov 29, 2015 3:15 pm
Forum: Personal Consumer Issues
Topic: I received 'Money' magazine for free. Anyone read it?
Replies: 40
Views: 5231

Re: I received 'Money' magazine for free. Anyone read it?

We do receive it but don't pay for the subscription. My spouse and I will look through it but mainly as a reminder to stay the course and ignore the endless stream of financial porn. I'm always somewhat surprised by the personal profiles. Namely, the authors seem to provide inflated retirement expec...
by Wings5
Wed Nov 18, 2015 7:03 am
Forum: Personal Finance (Not Investing)
Topic: Military Combat Zone Tax Exclusion (CZTE) on W-2 and 1040
Replies: 2
Views: 577

Re: Military Combat Zone Tax Exclusion (CZTE) on W-2 and 1040

Thank you for the very clear explanation. Looking back at my last two W-2s from the military (I'm a reservist) it looks like they are both incorrect. Box 1 was off by a few hundred dollars in one case and by several thousand dollars in the other. Do you happen to have an official publication that sp...
by Wings5
Tue Nov 10, 2015 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Military Combat Zone Tax Exclusion (CZTE) on W-2 and 1040
Replies: 2
Views: 577

Military Combat Zone Tax Exclusion (CZTE) on W-2 and 1040

Hello, I'm currently serving in a combat zone, and looking over my LES I have come across something that doesn't look right. The Wage YTD box is what gets reported on the W-2 in Box 1: Wages, Tips, and Other Compensation. Since I've been here, all of my pay (not including allowances) has been added ...
by Wings5
Tue Sep 22, 2015 10:24 pm
Forum: Personal Consumer Issues
Topic: Connections that save you money
Replies: 51
Views: 7266

Re: Connections that save you money

Anyone who works in the travel industry saves a substantial amount of money on travel, from free hotel stays to nonrevenue employee travel on airlines around the world. I've seen coworkers travel completely around the world for free.
by Wings5
Sat Sep 19, 2015 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Free Kindle Downloads Today
Replies: 49
Views: 5304

Re: Free Kindles Today

Thanks for the generosity, Bill! I'm looking forward to reading these.

Cheers,
Wings
by Wings5
Mon Aug 24, 2015 12:00 pm
Forum: Investing - Help with Personal Investments
Topic: Should I make $77,500 in make-up 401k contributions?
Replies: 11
Views: 2608

Re: Should I make $77,500 in make-up 401k contributions?

Thanks archbish and bl; I spent the weekend adjusting my Excel spreadsheet with forecasts and expected tax brackets. I was able to come up with a pretty good overall view of the Roth vs Traditional401k options. It helps that moving forward I can use the current year's income to balance the buckets a...
by Wings5
Thu Aug 20, 2015 9:05 am
Forum: Investing - Help with Personal Investments
Topic: Should I make $77,500 in make-up 401k contributions?
Replies: 11
Views: 2608

I found out I also have a Roth 401k option

Thank you, Ralph. A quick call to my company's 401k people, and I found out that a Roth 401k is an option for the make-up contributions as well. :idea: They still match 100% of the first 10%; however in retirement my Roth contributions are tax-free while deductions from the company contributions are...
by Wings5
Wed Aug 19, 2015 11:43 pm
Forum: Investing - Help with Personal Investments
Topic: Should I make $77,500 in make-up 401k contributions?
Replies: 11
Views: 2608

Re: Should I make $77,500 in make-up 401k contributions?

Here is some updated and better summarized information about my situation. Thanks for bearing with me. My income has increased substantially in the last 3-4 years, and quite frankly I feel a little dumb about financial planning. Some of these numbers, while small to some, are beyond what I ever thou...
by Wings5
Sun Aug 16, 2015 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: Your First Job
Replies: 113
Views: 9442

Re: Your First Job

These are all interesting responses. My first real daily job was delivering newspapers in 8th grade. I did it for a month and made $50 in tips only. My first job I actually kept was in 9th grade washing dishes at my friend's parents' diner in town. $5.25 minimum wage. I walked there after school and...
by Wings5
Wed Aug 05, 2015 7:11 pm
Forum: Investing - Help with Personal Investments
Topic: Should I make $77,500 in make-up 401k contributions?
Replies: 11
Views: 2608

Re: Should I make $77,500 in make-up 401k contributions?

For USERRA make-up contributions, the employee decides which year to take the deduction for. You can re-file taxes for previous years, or have them show in Box 12 on the W-2. Under D-codes, make-up contributions would look like this: $4000 13 $4355 14 That would show the deductions are for previous ...
by Wings5
Tue Aug 04, 2015 2:01 pm
Forum: Investing - Help with Personal Investments
Topic: Should I make $77,500 in make-up 401k contributions?
Replies: 11
Views: 2608

Re: Should I make $77,500 in make-up 401k contributions?

The $40k does not include any equity. A year ago two houses on our street sold for $100k; this year we've had sales of $130 and $140k. There is a big +/- in the sales prices over the time we've lived here, so I tend to discount any equity and treat the house purely as debt. In reality the equity ran...
by Wings5
Tue Aug 04, 2015 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: Should I make $77,500 in make-up 401k contributions?
Replies: 11
Views: 2608

Should I make $77,500 in make-up 401k contributions?

I’m a member of the military reserve and I recently learned that I am eligible for make-up 401k contributions at my civilian employer. This is a provision under USERRA after a long term military leave. It’s a sizeable amount that I can contribute and I’m looking for advice on how much to make up. My...
by Wings5
Fri Jan 16, 2015 12:13 am
Forum: Investing - Help with Personal Investments
Topic: New Boglehead Here - Advice on 401k Allocation?
Replies: 6
Views: 1068

Re: New Boglehead Here - Advice on 401k Allocation?

Hi Wings, A couple of more questions: 1) Do you know what company or allocation the target retirement funds in your 401k are? Near Term: Stocks 32.75% Bonds 60.02% Alternatives 5.21% Cash 2.02% Target 2010: Stocks 35.36% Bonds 57.29% Alternatives 4.98% Cash 2.37% Target 2020: Stocks 51.59% Bonds 41...
by Wings5
Thu Jan 15, 2015 3:38 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with 1.2M to be used for Private School?
Replies: 28
Views: 4196

Re: What to do with 1.2M to be used for Private School?

Depending on the type of school (K-5, K-12, 7-12, etc.) and if you know you want your children to go to a certain school through graduation, you may look at prepaying tuition. I don't know the pure tax implications of investing vs. prepaying, but it was an option when I went to private school. My sc...
by Wings5
Wed Jan 14, 2015 11:27 am
Forum: Investing - Help with Personal Investments
Topic: New Boglehead Here - Advice on 401k Allocation?
Replies: 6
Views: 1068

Re: Asset Allocation within 401k for a 31 Year Old

Sorry about that - I added them. The self-directed brokerage, stable value fund, and company stock plans do not show any expense ratios that I can find.
by Wings5
Wed Jan 14, 2015 11:09 am
Forum: Investing - Help with Personal Investments
Topic: New Boglehead Here - Advice on 401k Allocation?
Replies: 6
Views: 1068

New Boglehead Here - Advice on 401k Allocation?

I'm trying to allocate within my 401k, but there are no 100% bond funds. About 6% of my total portfolio will sit in cash for 2015; should I be worried or is it no big deal? I plan to rebalance next year. Also, about 40% of my total portfolio will have an expense ratio of 0.48%. Should that factor in...
by Wings5
Tue Dec 16, 2014 12:06 pm
Forum: Personal Consumer Issues
Topic: Any pilots here? [advice for prospective pilot]
Replies: 60
Views: 7599

Re: Any pilots here?

I have my commercial, multi, and instrument ratings. My private was the only one I paid for out of pocket as the rest I earned through the military. I would recommend getting the private if it is within your budget, but I would not recommend buying a plane unless you plan to average a few hundred ho...

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