Search found 67 matches

by Wings5
Mon May 21, 2018 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 318
Views: 22539

Re: Lucrative careers?

Find something you enjoy doing. Do it well. Profit. I started out in a Fortune 500 "Management Trainee Program". Oooh, it sounded awesome. Bonuses, stocks, etc. I hated it and quit after 90 days. Moved over to aviation, which I was passionate about. Found a path and followed it. Certainly not rich, ...
by Wings5
Thu Feb 08, 2018 12:10 pm
Forum: Investing - Theory, News & General
Topic: Backdoor Roth on the Bubble
Replies: 5
Views: 433

Re: Backdoor Roth on the Bubble

If I was going to do this over multiple deposits and conversions, will each conversion generate a separate 8606?
by Wings5
Thu Feb 08, 2018 11:57 am
Forum: Investing - Theory, News & General
Topic: Backdoor Roth on the Bubble
Replies: 5
Views: 433

Re: Backdoor Roth on the Bubble

Yes, the 401k will be maxed and the income will still be in or above the phaseout range.
by Wings5
Thu Feb 08, 2018 10:59 am
Forum: Investing - Theory, News & General
Topic: Backdoor Roth on the Bubble
Replies: 5
Views: 433

Backdoor Roth on the Bubble

With a change in compensation it looks like my income may land somewhere within the Roth income limit for MFJ, or possibly exceed it altogether. We are mid-thirties, I work and my wife stays home and works (harder!) with the kids. This year I've already contributed $1200 to my Roth IRA. With $1200 a...
by Wings5
Fri Jan 19, 2018 12:33 am
Forum: Personal Consumer Issues
Topic: Family Balance and Children's Athletics
Replies: 37
Views: 2712

Re: Family Balance and Children's Athletics

We decided to skip sports this winter to let our kids get more rest and spend more time together as a family. We talked to them about it and even talked to our oldest about sleep studies in athletes. So far they've made it through without much illness, and we're probably ALL playing more sports toge...
by Wings5
Wed Jan 17, 2018 2:30 am
Forum: Personal Consumer Issues
Topic: Travel to Rome Italy - Recommendations
Replies: 23
Views: 1852

Re: Travel to Rome Italy - Recommendations

Besides the big hits everyone will mention, we found these interesting. The Knights of Malta keyhole is a beautiful vantage point. My wife and I also did the scavi tour beneath St. Peter's. It was the best tour we've ever been on, but you have to reserve tickets ahead of time. Old Bridge Gelato is a...
by Wings5
Tue Jan 09, 2018 8:36 pm
Forum: Investing - Help with Personal Investments
Topic: ESA with low income
Replies: 1
Views: 371

Re: ESA with low income

That's not low income! You've been mesmerized by the net worth threads around here. We have an ESA through Schwab for each of our children. They have very low cost index funds available. It's a great use of funds even if you don't put piles and piles of money into it. I try to be a simpleton, so I'd...
by Wings5
Tue Jan 09, 2018 7:39 pm
Forum: Investing - Help with Personal Investments
Topic: Looking toward 2018
Replies: 1
Views: 582

Re: Looking toward 2018

Do you have a Roth 401k option? That might help you later on in retirement, especially if your tax bracket is lower this year.

Otherwise if I was you I'd look at opening up a taxable account. Some of this stuff is pretty boring, which is good. :happy
by Wings5
Tue Jan 09, 2018 7:32 pm
Forum: Personal Consumer Issues
Topic: Bank or dealer finance for buying end of lease car?
Replies: 1
Views: 317

Re: Bank or dealer finance for buying end of lease car?

I checked rates through Nissan Finance and my local credit union. Wound up going with the credit union since their terms were cheaper.

Walked in with a check from the CU. Have you called Honda Finance, your local dealer, or the dealer you purchased from to ask?
by Wings5
Tue Jan 09, 2018 7:29 pm
Forum: Investing - Help with Personal Investments
Topic: My first three-fund portfolio
Replies: 2
Views: 650

Re: My first three-fund portfolio

That looks accurate and helpful, but why do you have links in a spreadsheet you've made for yourself? Are you starting a blog?

The percentage bands look very helpful to aid in rebalancing.
by Wings5
Tue Jan 09, 2018 11:20 am
Forum: Personal Consumer Issues
Topic: Advice sought: can/should we pay for a bigger rental place?
Replies: 21
Views: 999

Re: Advice sought: can/should we pay for a bigger rental place?

What's the downside to upsizing, other than paying $700 more per month? We tried squeezing out as long as we could in a slightly less than desirable neighborhood, and moving turned out to be a great decision. Our whole quality of life changed. Not everything shows up on a spreadsheet. A happy living...
by Wings5
Tue Jan 09, 2018 11:10 am
Forum: Investing - Help with Personal Investments
Topic: Investing 200k cash
Replies: 8
Views: 1405

Re: Investing 200k cash

How old are you? What is your retirement timeline?

I'm 20-30 years away from retirement and I don't worry much about where the market is today or this year.
by Wings5
Tue Jan 09, 2018 11:04 am
Forum: Investing - Help with Personal Investments
Topic: 401k and TSP Limits - Blended Retirement System
Replies: 8
Views: 1018

Re: 401k and TSP Limits - Blended Retirement System

Thank you for the patience and explanation. Very much appreciated!
by Wings5
Thu Jan 04, 2018 1:52 am
Forum: Investing - Help with Personal Investments
Topic: 401k and TSP Limits - Blended Retirement System
Replies: 8
Views: 1018

Re: 401k and TSP Limits - Blended Retirement System

Your second bullet is not correct. As I said, you have a separate annual addition limit for each unaffiliated employer. The annual addition limit is all employee contributions (deferrals + after-tax if allowed) + all employer contributions (matches + non-elective contributions + the rare case of fo...
by Wings5
Wed Jan 03, 2018 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Beginning of Year Action Items
Replies: 4
Views: 552

Beginning of Year Action Items

End of year lists are popular, but do any of you have a financial to-do list at the beginning of the year? Investing, budgeting, tax planning, etc.? My wife and I are (fortunate enough to be) considering making our full IRA contributions in the next week or so. We've also earmarked a few dollars for...
by Wings5
Fri Dec 29, 2017 2:07 am
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 483
Views: 42010

Re: What frugal thing did you do today?

I paid with a check at the town hall today. I saved 2.3% on the bill and put it towards coffee for home (the queen of the Wings Manor enjoys French pressing in the morning). After paying the bill I went next door to the town library and read a few books for free. Libraries are easily one of the best...
by Wings5
Mon Dec 25, 2017 11:18 pm
Forum: Local Chapters and Bogleheads Community
Topic: My Christmas Present to You
Replies: 90
Views: 8984

Re: My Christmas Present to You

Thanks for your commitment and service Taylor!

Every Christmas when we gather around the table we raise our glasses to those currently serving overseas and all who've served our nation over the centuries. My hat is off and my glass is raised to you, Taylor!

-Wings, USAF
by Wings5
Sat Dec 02, 2017 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Make-Up 401k and Tax Returns
Replies: 1
Views: 927

Make-Up 401k and Tax Returns

I'm thinking I may need to refile. Here are two questions and then a bit of the details. 1. I have a W-2C for 2015 and 2016 that did not change my tax liability; it only documented a 401k and Roth 401k contribution for a previous year. Do I need to document my 401k and Roth 401k contributions in a t...
by Wings5
Tue Nov 28, 2017 3:18 pm
Forum: Investing - Help with Personal Investments
Topic: 401k and TSP Limits - Blended Retirement System
Replies: 8
Views: 1018

Re: 401k and TSP Limits - Blended Retirement System

Thanks for the help! I'm always learning something new. I guess there are two separate points: - Excess contributions shouldn't be planned. Got it. - My math is way wrong. I believe these statements are true. My TSP + my 401k contributions have an $18,500 limit for 2018 My TSP match + 401k match + e...
by Wings5
Tue Nov 28, 2017 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: 401k and TSP Limits - Blended Retirement System
Replies: 8
Views: 1018

401k and TSP Limits - Blended Retirement System

I plan to opt into the Blended Retirement System and I’m wondering how it will impact my civilian 401k and retirement limits. I’m 33, a traditional member of the national guard, and I work full-time for a civilian company. Here are hypothetical numbers: Salary: $150k My 401k: 10% or $15,000 Company ...
by Wings5
Sat Nov 04, 2017 7:01 am
Forum: Personal Finance (Not Investing)
Topic: This is why I'm glad I started investing at 23
Replies: 27
Views: 5228

Re: This is why I'm glad I started investing at 23

I'm certainly not financially independent (yet), but we live well below our income and invest the rest. I could take a decent pay reduction but I enjoy what I do, if not the hours. At 33 there is plenty of (perceived) upward mobility going on around me but I don't need to jump on the crazy train of ...
by Wings5
Sun Oct 29, 2017 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Basic money management s/w for a mac-based millennial English major?
Replies: 21
Views: 1627

Re: Basic money management s/w for a mac-based millennial English major?

Good personal finance is just behavior control or behavior modification. You Need a Budget is perfect for seeing where your money is going but giving you areas you can improve. Check out their videos yourself or have her watch them. Their app and website are way more than an Excel spreadsheet; they ...
by Wings5
Sun Oct 15, 2017 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance
Replies: 1
Views: 283

Life Insurance

Hello! I'm hoping for some advice from the great knowledge base here. I'm a 34 year old, married wth three kids. I work full time civilian employment and serve as a traditional status member of the Air National Guard, but I regularly deploy. My wife is a SAHM. She's insured with two separate policie...
by Wings5
Thu Aug 24, 2017 11:12 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Target Retirement Income Select
Replies: 4
Views: 1130

Re: Vanguard Target Retirement Income Select

Thank you Barry. I saw that on Vanguard but having "Trust" in the title threw me off. It's the same fund; thanks for clarifying.
by Wings5
Thu Aug 24, 2017 2:16 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Target Retirement Income Select
Replies: 4
Views: 1130

Vanguard Target Retirement Income Select

My company's 401k offers a fund titled Vanguard Target Retirement Income Select. I'm assuming this is different than VTINX: Vanguard Target Retirement Income Fund. The prospectus in our 401k doesn't give any ER. Do any of you invest through the Select version of the plan? Are Select versions one-off...
by Wings5
Wed Aug 09, 2017 11:22 am
Forum: Investing - Help with Personal Investments
Topic: How to not obsess over investments?
Replies: 46
Views: 4801

Re: How to not obsess over investments?

I dealt with this for a while, and still do. The general progression for us was Dave Ramsey --> Mr. Money Mustache --> Bogleheads. For us it wasn't just about starting to invest, there were some decent lifestyle changes that took place. Part of why I used to check balances daily was a fear of povert...
by Wings5
Mon Jul 10, 2017 6:26 pm
Forum: Personal Consumer Issues
Topic: What do you splurge on?
Replies: 133
Views: 13913

Re: What do you splurge on?

Bicycles. We have 8 between our family and we take them everywhere we possibly can. Outdoors, great exercise, and beats Uber in any pretty city!
by Wings5
Fri Apr 21, 2017 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: Did anything surprise you in your 2016 taxes?
Replies: 83
Views: 8824

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: 3906

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 a mathemat...
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: 562

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: 888

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: 408
Views: 42770

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: 225

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: 8385

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: 2789

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: 503

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: 849

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: 9126

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: 3365

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: 1350

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: Make-Up 401k and Tax Returns
Replies: 1
Views: 927

Make-Up 401k and Tax Returns

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: 2358

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 baby steps. S...
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: 8884

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: 8884

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: 8884

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: 8884

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 2016 we have:...
by Wings5
Thu Dec 31, 2015 2:14 am
Forum: Personal Finance (Not Investing)
Topic: Military and House Buying
Replies: 8
Views: 977

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...