Search found 180 matches

by berg
Tue Feb 02, 2016 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody budget for daycare like it is college?
Replies: 54
Views: 3234

Re: Anybody budget for daycare like it is college?

Can't one of you forego your career and stay home with the children ?? :shock: Have you price out how much that costs?:) Is it possible? :happy It's funny -- I think this is the dilemma of high five figure salary. I know plenty of people who have a parent with a lower income and the decision is sim...
by berg
Mon Feb 01, 2016 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody budget for daycare like it is college?
Replies: 54
Views: 3234

Re: Anybody budget for daycare like it is college?

So what do you do with that 110k? Stick it in CDs? Invest it in stocks and you run the risk of the money not being there. In general any of these bucket schemes just make life hard. Accept daycare is expensive and pay it out of cash flow. If you can't cash flow it, you should reconsider your budget...
by berg
Mon Feb 01, 2016 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody budget for daycare like it is college?
Replies: 54
Views: 3234

Anybody budget for daycare like it is college?

This might just be me moving numbers around, but curious if anybody else thought of daycare costs like this. With our second on the way and four years of care expected for each child, I'd estimate in total it is about $110k (yes you read that number right). :oops: So from a budgeting perspective I c...
by berg
Sun Jan 31, 2016 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Home budget calculations
Replies: 13
Views: 1723

Re: Home budget calculations

Looks like there are a ton of 4 bed / 2.5 bath homes in the $200-500k range all over the "HCOL" Boston area. Have you read the book, "The Millionaire Next Door", and similar books that talk about wasting money trying to keep up with the Jones's instead of what you need? You can ...
by berg
Sun Jan 31, 2016 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Home budget calculations
Replies: 13
Views: 1723

Re: Home budget calculations

There are perfectly good forever homes for 150k. Where are we talking for 900k? Silicon Valley? I don't think there is anything that could ever make me want to pay 900k for a house. At 1%/y maintenance that's 9000 which is more than half of my yearly rent by itself. I would rather own a 300k house ...
by berg
Sat Jan 30, 2016 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Home budget calculations
Replies: 13
Views: 1723

Re: Home budget calculations

If you're feeling uneasy with both options, this is a sign that you're probably stretching yourself too far to purchase the home. What is the motivation for seeking a new home? Is it really a need or is it just a want? Ha. I had a feeling I'd get a response like this as I was typing the words uneas...
by berg
Sat Jan 30, 2016 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Home budget calculations
Replies: 13
Views: 1723

Home budget calculations

I'm trying to run some numbers and would love a take from the Bogleheads. Thinking up upgrading to a permanent home and thinking about a range of $800-$900k. So two scenarios I'm looking (I suppose this is just a different version of pay down or invest). 1. Use equity in current home + savings to pu...
by berg
Fri Jan 29, 2016 8:09 am
Forum: Investing - Help with Personal Investments
Topic: Re-buy after TLH? First timer!
Replies: 12
Views: 1116

Re: Re-buy after TLH? First timer!

Well, if you put it that way: Doing it today is market timing. Waiting is market timing. I think the only you can say it is not market timing is to roll the dice and do the exchange in 2 to 12 days. :) Or roll one die and do the exchange in 1 to 6 days. I honestly wasn't trying to be cute. Just my ...
by berg
Thu Jan 28, 2016 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: Re-buy after TLH? First timer!
Replies: 12
Views: 1116

Re: Re-buy after TLH? First timer!

livesoft wrote:
Also, since you like VTIAX, why not wait until VFWAX goes down some more? I don't see what the rush here is myself.


Isn't that just market timing? If I'm down $4k, which is a substantial amount, why not just take it?
by berg
Wed Jan 27, 2016 5:34 pm
Forum: Investing - Help with Personal Investments
Topic: Re-buy after TLH? First timer!
Replies: 12
Views: 1116

Re-buy after TLH? First timer!

Quick question for the experts here. I sold VTIAX for a loss on 12/28/15 and bought VFWAX. Since then, VFWAX is down another $4,100. Today is the 30th day from when I sold. So am I safe to buy VTIAX back tomorrow on the 31st day? Given I'm down another $4,100 seems like the right thing to do. Thanks!
by berg
Tue Jan 26, 2016 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Co-owner of safe deposit box?
Replies: 13
Views: 1141

Re: Co-owner of safe deposit box?

Feels like there should be a simpler solution for keeping the original copy of your will! Sigh.
by berg
Mon Jan 25, 2016 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Co-owner of safe deposit box?
Replies: 13
Views: 1141

Co-owner of safe deposit box?

Finally got a will and I am thinking of opening a safe deposit box at my local bank for the will and some other items. I'd feel more comfortable not keeping it in the house. One idea I had was to make a trusted friend a co-owner, so they would have access to the box in the event something happens to...
by berg
Sun Jan 24, 2016 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Brick and Mortar Bank in Massachusetts?
Replies: 31
Views: 1372

Re: Brick and Mortar Bank in Massachusetts?

Signature Guarantees: Preventing the Unauthorized Transfer of Securities http://www.sec.gov/answers/sigguar.htm An investor can obtain a signature guarantee from a financial institution – such as a commercial bank, savings bank, credit union, or broker dealer – that participates in one of the Medal...
by berg
Sun Jan 24, 2016 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Brick and Mortar Bank in Massachusetts?
Replies: 31
Views: 1372

Re: Brick and Mortar Bank in Massachusetts?

In researching Needham Bank, they seem like a really great. The one thing that came up is they have a "signature guarantee," but not a "medallion signature guarantee." I've never needed that before. Is that a big difference that I need to be worried about? I don't currently own a...
by berg
Thu Jan 21, 2016 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Brick and Mortar Bank in Massachusetts?
Replies: 31
Views: 1372

Re: Brick and Mortar Bank in Massachusetts?

I've always only had Citizens Bank coming up on nearly 20 years now. I like that they have branches at supermarkets and that they are open late and on weekends. Never had a reason to leave - although I am grandfathered into a pretty good fee-free checking account. Funny you mention that! My wife an...
by berg
Thu Jan 21, 2016 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Brick and Mortar Bank in Massachusetts?
Replies: 31
Views: 1372

Brick and Mortar Bank in Massachusetts?

I just found out (which shows just how often I use my brick and mortar bank), that Citibank has closed all of it's retail locations in Massachusetts. For about 10 years I've used them as my primary brick and mortar, while also using Ally for savings. I generally like the idea of having a brick and m...
by berg
Wed Jan 20, 2016 5:59 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie to tax loss harvest question
Replies: 2
Views: 180

Newbie to tax loss harvest question

Trying to see if from my reading I understand the future implications of tax loss harvesting. I'm sure someone here will correct me on something, but trying to have a simplified view! :D So theoretically, if I were to TLH $30,000 in losses today, then for the next ten years didn't sell any stocks (i...
by berg
Mon Jan 18, 2016 11:30 am
Forum: Investing - Help with Personal Investments
Topic: Any reason not to TLH right now?
Replies: 9
Views: 578

Re: Any reason not to TLH right now?

Hi all - I have a bout $65k in my taxable account in TSM (VTSAX) that is currently down $5k. Even with spec ID, all lots are in the red. Any reason not to TLH right now? I'm still new to TLH and did it for the first time with my international allocation in December. It is something I had looked at ...
by berg
Mon Jan 18, 2016 11:25 am
Forum: Investing - Help with Personal Investments
Topic: Any reason not to TLH right now?
Replies: 9
Views: 578

Re: Any reason not to TLH right now?

Thank you both. Corrected my original post. That was a typo livesoft. I was talking about TSM. Case in point why a 3 fund portfolio is great for me! I can't even keep track of my three funds. :D So yes - TSM or VTSAX. And great point iceport on VLCAX. I thought there was another fund that was closer...
by berg
Mon Jan 18, 2016 10:20 am
Forum: Investing - Help with Personal Investments
Topic: Any reason not to TLH right now?
Replies: 9
Views: 578

Any reason not to TLH right now?

Hi all - I have a bout $65k in my taxable account in TSM (VTSAX) that is currently down $5k. Even with spec ID, all lots are in the red. Any reason not to TLH right now? I'm still new to TLH and did it for the first time with my international allocation in December. It is something I had looked at b...
by berg
Wed Dec 23, 2015 8:17 am
Forum: Investing - Help with Personal Investments
Topic: First time tax loss harvesting - looking to double check
Replies: 5
Views: 591

Re: First time tax loss harvesting - looking to double check

Okay - so it switched over to spec ID and now I can choose. Of about 54 lots, only 4 are positive for total gain for about $17 and total value of $1500. Should I keep these 4 profitable lots or would it be simpler just to sell all of the shares of VITAX in my taxable account for simplicity and not w...
by berg
Tue Dec 22, 2015 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: First time tax loss harvesting - looking to double check
Replies: 5
Views: 591

Re: First time tax loss harvesting - looking to double check

I suppose that is a good point. Just figured I was selling all for my $6,600 loss. I just tried going in and needed to update to spec ID. So won't be able to update until tomorrow now anyway according to the Vanguard.
by berg
Tue Dec 22, 2015 11:52 am
Forum: Investing - Help with Personal Investments
Topic: First time tax loss harvesting - looking to double check
Replies: 5
Views: 591

Re: First time tax loss harvesting - looking to double check

You may have to do somthing else first: 1. Set your cost basis method to Specific Identification and make sure it has been changed. 2. Read this other thread: https://www.bogleheads.org/forum/viewtopic.php?t=179414 3. Since VTIAX will not pay out any more distributions for a while, I do not think y...
by berg
Mon Dec 21, 2015 11:11 pm
Forum: Investing - Help with Personal Investments
Topic: First time tax loss harvesting - looking to double check
Replies: 5
Views: 591

First time tax loss harvesting - looking to double check

Hi all - this is about to be my first time TLH and just want to make sure my plan is sound. I've read this TLH for dummies post and think I understand (https://www.bogleheads.org/forum/viewtopic.php?f=10&t=172568), but for some reason I find this intimating. So as it stands, I have holdings of V...
by berg
Sun Dec 20, 2015 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: Early mortgage and property tax payment?
Replies: 6
Views: 788

Early mortgage and property tax payment?

Due to the sale of some stock options, I'm in a higher than usual tax bracket and trying to be smart about it this year. From what I've read, I can make my Jan mortgage payment and Feb property tax payment in December and be able to deduct for 2015. Is this correct? Is there anything special I need ...
by berg
Tue Dec 08, 2015 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Will, POA, Trust, Health Care Proxy - standard?
Replies: 1
Views: 197

Will, POA, Trust, Health Care Proxy - standard?

I'm working with an attorney to create a Will, Durable Power of Attorney, Trust, and Health Care Proxy for my wife and I. He's sent over the docs to review. I've read through them (though some of it is a bit dense for me). They seem like pretty much standard boiler plate with our names entered. The ...
by berg
Tue Nov 17, 2015 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Meeting with an attorney tomorrow for a will - what should I ask?
Replies: 15
Views: 2005

Re: Meeting with an attorney tomorrow for a will - what should I ask?

Thanks all. This was very helpful. One thing that I wanted to check-on. He said it was pretty straight forward. He did say thought that if my assets were in excess of $1.5mm, it would be beyond what he does and I'd need to see a tax attorney. My assets are about $1.2mm. Is there any reason I should...
by berg
Tue Nov 17, 2015 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Meeting with an attorney tomorrow for a will - what should I ask?
Replies: 15
Views: 2005

Re: Meeting with an attorney tomorrow for a will - what should I ask?

Thanks all. This was very helpful. One thing that I wanted to check-on. He said it was pretty straight forward. He did say thought that if my assets were in excess of $1.5mm, it would be beyond what he does and I'd need to see a tax attorney. My assets are about $1.2mm. Is there any reason I shouldn...
by berg
Mon Nov 16, 2015 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Meeting with an attorney tomorrow for a will - what should I ask?
Replies: 15
Views: 2005

Meeting with an attorney tomorrow for a will - what should I ask?

I'm meeting with an attorney tomorrow to set up a basic will and trust. I have a benefit through work that covers this legal work. I don't think our finances are particularly complicated. We have a 1.5 year old with a second baby on the way. Anything you wish you had known ahead of time?

Thanks!
by berg
Sun Aug 30, 2015 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Calculating value of mortgage interest deduction
Replies: 13
Views: 1230

Calculating value of mortgage interest deduction

Curious if my math is right here. I feel like I'm missing something, so looking to bounce my numbers off the smart folks here. We are in the process of looking at upgrading our homes. When I'm calculating our payment, one thing I was trying to look at is the value of the mortgage interest deduction ...
by berg
Thu Aug 20, 2015 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Ever negotiated an off cycle raise?
Replies: 17
Views: 2139

Ever negotiated an off cycle raise?

Curious if anybody has ever negotiated for an off cycle raise. I'm pretty happy with my job, but feel like I might be slightly under compensated. My company does a big annual review cycle and then occasional mid year promotions and increases. I did not receive a mid year increase. My hope is to be p...
by berg
Sun Jun 28, 2015 10:26 am
Forum: Personal Finance (Not Investing)
Topic: What's your net worth break down? What's ideal?
Replies: 44
Views: 7084

What's your net worth break down? What's ideal?

I can't seem to find any recommended net worth breakdowns. Perhaps this is because so much is variable that it is hard to have a rule of them. Curious what other Bogleheads look like. Do you have any rules of thumb with your total net worth? For what it's worth we are a married couple in our early 3...
by berg
Sun May 31, 2015 10:03 pm
Forum: Investing - Help with Personal Investments
Topic: 5k for a home down payment in 2 years: CD or conservative mutual fund (i.e., VSCGX)?
Replies: 17
Views: 1124

Re: 5k for a home down payment in 2 years: CD or conservative mutual fund (i.e., VSCGX)?

If it's two years, a CD for sure. Especially with that little money. Imagine a great investment that did 10% for the next two years. You'd net out with $6000. Is that going to make or break your home purchase? If it would, you probably weren't ready to buy. Personally, that number sounds too low to ...
by berg
Sat Mar 07, 2015 7:51 am
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation for Windfall
Replies: 9
Views: 1077

Re: Asset Allocation for Windfall

Do you have a mortgage? Is the renovation or upgrade at least a few years off? If so then you could pre-pay the mortgage with the money you might use for a renovation or upgrade. If you eventually move then the money would be freed up again. If you do a renovation then you could get a home equity l...
by berg
Sat Mar 07, 2015 7:33 am
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation for Windfall
Replies: 9
Views: 1077

Re: Asset Allocation for Windfall

I think your plan will give you flexibility, so it's probably fine. How does a 50/50 split fit in with your overall IPS and AA? For right now the way I have worked it is that my taxable account fits my overall retirement asset allocation (but all stocks in taxable). I did it like this because if we...
by berg
Sat Mar 07, 2015 7:32 am
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation for Windfall
Replies: 9
Views: 1077

Re: Asset Allocation for Windfall

Hi Berg, You have listed your assets by account type. How about listing asset by goal? What do you have planned for the stock options, the cash, the taxable investments, the savings bonds? I guess retirement is set aside for retirement, 529 is for my son's college. Otherwise the cash and taxable ar...
by berg
Thu Mar 05, 2015 10:39 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation for Windfall
Replies: 9
Views: 1077

Re: Asset Allocation for Windfall

Hi Berg, You have listed your assets by account type. How about listing asset by goal? What do you have planned for the stock options, the cash, the taxable investments, the savings bonds? I guess retirement is set aside for retirement, 529 is for my son's college. Otherwise the cash and taxable ar...
by berg
Thu Mar 05, 2015 9:57 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation for Windfall
Replies: 9
Views: 1077

Asset Allocation for Windfall

During the past year I've been selling stock options that have done well. Last year I sold around $200k and I'll probably do the same this year. I'm making sure I have enough to cover the taxes and now trying to figure out asset allocation for the rest. The only big thing my wife and I are saving fo...
by berg
Sun Mar 01, 2015 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Analysis Paralysis - Stock Options
Replies: 13
Views: 774

Re: Analysis Paralysis - Stock Options

Thanks all. Certainly seems like it makes sense to reduce overall exposure, especially with some of the 300% up shares expiring within 3 years. I guess now I have to figure out how to allocate the large sum. Some % into standard asset allocation for investments, but also some in cash for upgraded ho...
by berg
Sat Feb 28, 2015 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Analysis Paralysis - Stock Options
Replies: 13
Views: 774

Re: Analysis Paralysis - Stock Options

A very standard situation is that options are granted annually with ten year expiration and that a common plan is to exercise each tranch shortly before expiration. That gives you an annual process of exercising options indefinitely. So the question is will you be gaining grants every year or are t...
by berg
Sat Feb 28, 2015 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Analysis Paralysis - Stock Options
Replies: 13
Views: 774

Re: Analysis Paralysis - Stock Options

A little more info would be helpful. When were the options granted? When do the options expire? What is the percent increase above the option price? In general, I try to hold the options as close to expiring as possible unless I need the money for something. Some were granted in 2011 and some in 20...
by berg
Sat Feb 28, 2015 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Analysis Paralysis - Stock Options
Replies: 13
Views: 774

Analysis Paralysis - Stock Options

Hi all - I have some stock options that have increased in value nicely and I'm considering unloading a good chuck of them. Here is the current breakdown of my net worth. Retirement $275,000 Stock Options $235,000 (after tax estimate) House $155,000 Cash Savings $118,000 Taxable Investments $109,000 ...
by berg
Mon Jan 12, 2015 10:53 am
Forum: Personal Finance (Not Investing)
Topic: If you were me, how much would your home budget be?
Replies: 36
Views: 4160

Re: If you were me, how much would your home budget be?

For Boston, unless you have a large commute, I'm guessing $500k doesn't get you much of a house, so I understand why you are thinking of moving. I looked at property tax rates for MA, and they seem to run from $10 to $20 per thousand, so that could have a significant effect of how much you can affo...
by berg
Sun Jan 11, 2015 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: If you were me, how much would your home budget be?
Replies: 36
Views: 4160

Re: If you were me, how much would your home budget be?

So I see the equity and the home "value" but what was your current mortgage originally for? I don't see a ton of room to "upgrade" the size of the mortgage. I wouldn't go over about 650k personally. But houses cost a LOT less where I live and that would buy you a mini mansion wi...
by berg
Sun Jan 11, 2015 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: If you were me, how much would your home budget be?
Replies: 36
Views: 4160

Re: If you were me, how much would your home budget be?

I second the advice given by Toons. I am 32 and my house will be paid off when I am 36. Big believer in buying a house that you can pay off in 10-15 years max. Why be strapped to a crazy mortgage payment each month? I would never intend to be cash strapped and would continue to max out our 401ks, R...
by berg
Sun Jan 11, 2015 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: If you were me, how much would your home budget be?
Replies: 36
Views: 4160

Re: If you were me, how much would your home budget be?

I second the advice given by Toons. I am 32 and my house will be paid off when I am 36. Big believer in buying a house that you can pay off in 10-15 years max. Why be strapped to a crazy mortgage payment each month? I would never intend to be cash strapped and would continue to max out our 401ks, R...
by berg
Sun Jan 11, 2015 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: If you were me, how much would your home budget be?
Replies: 36
Views: 4160

Re: If you were me, how much would your home budget be?

you don't say why you are looking for another property. With the 529 I assume a little one is on the way or already part of your family. If you want to upgrade for size or a more modern home have you considered remodeling? This is assuming you like your neighborhood and the school district is good....
by berg
Sun Jan 11, 2015 11:55 am
Forum: Personal Finance (Not Investing)
Topic: If you were me, how much would your home budget be?
Replies: 36
Views: 4160

Re: If you were me, how much would your home budget be?

Let's see what it looks like if you upscale to a $700k home. Today, you have a $350k mortgage. You put up another $200k in equity (from taxable and cash savings) and you buy a $700k home, keeping your mortgage at today's level of $350k. So, you monthly cash flow and budget are unchanged. Fine, but ...
by berg
Sun Jan 11, 2015 11:30 am
Forum: Personal Finance (Not Investing)
Topic: If you were me, how much would your home budget be?
Replies: 36
Views: 4160

If you were me, how much would your home budget be?

Wanted to share some stats and see what you would think or if you are similar what you have done. I hate the various rules of thumb and mortgage calculators and would just love to hear some opinions from the bogleheads. So current stats: Net worth: ~$770,000 Retirement $263,000 Home Equity $155,000 ...
by berg
Tue Nov 11, 2014 4:49 pm
Forum: Personal Consumer Issues
Topic: Ruud vs. A.O. Smith Electric Water Heater
Replies: 9
Views: 955

Re: Ruud vs. A.O. Smith Electric Water Heater

Argh. Why is this so difficult. Haha.

With my handiness, I want the tank that has the highest probability that I don't need to call a plumber for the longest period of time.

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