Search found 46 matches

by beth65
Thu Apr 12, 2018 10:43 am
Forum: Investing - Help with Personal Investments
Topic: Crazy to start 529 without kids??
Replies: 49
Views: 3505

Re: Crazy to start 529 without kids??

You are too young to predict the future. You may need to access that money some day, or kids might not be in the picture even if it’s a plan now, etc. There are better investment vehicles. You can even do a DAF and invest the money for charitable contributions and receive tax benefits as well. JMHO.
by beth65
Sun Apr 08, 2018 4:03 pm
Forum: Investing - Theory, News & General
Topic: Blackrock: new portfolios which remove exposure to civilian firearms
Replies: 34
Views: 1783

Re: Blackrock: new portfolios which remove exposure to civilian firearms

I’m pro 2A, but I have no problem with portfolios removing stocks that may not be socially responsible. There has been an increasing trend to support companies that are socially responsible. I see this as no different from that. Most people don’t want to eschew a profitable company or part of a fund...
by beth65
Sat Apr 07, 2018 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Accountant not doing taxes while you are there
Replies: 53
Views: 6174

Re: Accountant not doing taxes while you are there

mhadden1 wrote:
Fri Mar 16, 2018 12:31 am
beth65 wrote:
Tue Mar 13, 2018 5:21 pm
The only way we have saved more is because there is not much to do around here, so we tend to sit bored around the house a lot more.
I am native to such an area - maybe yours!

That's how I know that swatting flies can be a sport. :happy
Georgia, not too far off!
by beth65
Sat Apr 07, 2018 9:47 am
Forum: Investing - Theory, News & General
Topic: Bogle on stock turbulence: ‘never seen a market this volatile to this extent in my career’
Replies: 88
Views: 12357

Re: Bogle on stock turbulence: ‘never seen a market this volatile to this extent in my career’

I could be totally off base here, but I also think that there are a lot of people that think that the market is overvalued and that we are in another bubble, and perhaps with the generally somber and muted excitement of the bull market (due to the social and political uncertainties, drama and divisi...
by beth65
Wed Mar 14, 2018 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Pay cash or go crazy (and take 2.5% loan and invest
Replies: 30
Views: 2371

Re: Pay cash or go crazy (and take 2.5% loan and invest

If this were you - what would you do ? I'd pay cash. What are you going to invest it in? CDs? Bonds? Then you just break even, and what's the point? Stocks? Recessions happen, stocks can go down. And losing your job is more likely during a period when stocks are crashing. I wouldn't want a payment ...
by beth65
Wed Mar 14, 2018 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Pay cash or go crazy (and take 2.5% loan and invest
Replies: 30
Views: 2371

Re: Pay cash or go crazy (and take 2.5% loan and invest

If this were you - what would you do ? I'd pay cash. What are you going to invest it in? CDs? Bonds? Then you just break even, and what's the point? Stocks? Recessions happen, stocks can go down. And losing your job is more likely during a period when stocks are crashing. I wouldn't want a payment ...
by beth65
Wed Mar 14, 2018 2:03 pm
Forum: Investing - Help with Personal Investments
Topic: Dave Ramsey on Bonds
Replies: 107
Views: 8812

Re: Dave Ramsey on Bonds

What I take issue with is that he advises people to pay off debts before even getting an employer match of a retirement plan, which seems foolish to throw away free money, especially if people have the opportunity to transfer to 0% interest cards, refinance and get lower rates, etc. I have had debat...
by beth65
Tue Mar 13, 2018 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: Accountant not doing taxes while you are there
Replies: 53
Views: 6174

Re: Accountant not doing taxes while you are there

I had several changes in one year; moving to another state, first time backdoor roth, bought and sold a home, and made some investment rebalances. I also wanted to ask questions about how to file and what changes to expect going forward with the new tax plan. Going forward, I plan to do my taxes mys...
by beth65
Tue Mar 13, 2018 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Accountant not doing taxes while you are there
Replies: 53
Views: 6174

Re: Accountant not doing taxes while you are there

As a CPA, I'm hearing unrealistic expectations. Do you really want your accountant to get you in and out in 30 minutes? I know some accountants run their firms like fast food restaurants and get people in and out that quickly, but I think your more likely to see mistakes that way... heck, I can't e...
by beth65
Tue Mar 13, 2018 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Accountant not doing taxes while you are there
Replies: 53
Views: 6174

Re: Accountant not doing taxes while you are there

How much does your CPA charge for annual tax prep fees? A Form W-2, a couple of 1099s for interest and dividends, as well as a few itemized deductions on Schedule A, no s-corp or anything complicated. Sounds like you don't need a CPA. You could probably file your federal and state taxes using softw...
by beth65
Tue Mar 13, 2018 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Accountant not doing taxes while you are there
Replies: 53
Views: 6174

Re: Accountant not doing taxes while you are there

A Form W-2, a couple of 1099s for interest and dividends, as well as a few itemized deductions on Schedule A, no s-corp or anything complicated. I would have asked them what they expect to charge for the above. And shopped around a bit if I didn't like the price. On the other hand, you could probab...
by beth65
Tue Mar 13, 2018 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Accountant not doing taxes while you are there
Replies: 53
Views: 6174

Re: Accountant not doing taxes while you are there

I wanted to post a follow up. For the same CPA that did not sit down or spend any time asking questions for tax prep, I just received an invoice with no details or itemization for $500. How much does your CPA charge for annual tax prep fees? A Form W-2, a couple of 1099s for interest and dividends, ...
by beth65
Mon Feb 12, 2018 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Accountant not doing taxes while you are there
Replies: 53
Views: 6174

Re: Accountant not doing taxes while you are there

I don't even bother with an appointment. I just download all of my relevant tax documents and email them over to him. I never thought to actually drive to his office and sit there while he completes my taxes. That was the strange part. He required me to come in for the appointment, but then only sp...
by beth65
Mon Feb 12, 2018 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Accountant not doing taxes while you are there
Replies: 53
Views: 6174

Re: Accountant not doing taxes while you are there

My accountants have all sat with me through the appointment for about 30 minutes, complete the forms, had me sign and e-file immediately. I always receive my refund within about 2 weeks from my appointment with my accountant. I moved to a new state and was recommended an accountant, but I was not aw...
by beth65
Mon Feb 12, 2018 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Accountant not doing taxes while you are there
Replies: 53
Views: 6174

Accountant not doing taxes while you are there

Has anyone ever had a CPA not complete their taxes while they were there at the appointment? I’ve done my taxes for 19 years in three states, and never had an accountant just tell me to leave the paperwork and they would mail it to me to sign, and still charge me the full fee. I took time off of wor...
by beth65
Fri Jan 12, 2018 10:35 pm
Forum: Investing - Theory, News & General
Topic: How does everyone keep track of your portfolio?
Replies: 171
Views: 18077

Re: How does everyone keep track of your portfolio?

Personal Capital for overall financial analysis/views and YNAB for budgeting. I’ve become obsessed with the live-budgeting that YNAB offers, and knowing exactly how much I have spent to date on every category.
by beth65
Wed Sep 20, 2017 8:01 pm
Forum: Investing - Help with Personal Investments
Topic: Advise on what to do with additional savings
Replies: 27
Views: 3018

Re: Advise on what to do with additional savings

We have a brokerage account with almost no money currently that is one place we can transfer money and make investments. The "taxable IRA” part was in reference to whether we can take a deduction on any IRA contribution since there is no eligibility for an employer plan for the first 12 months, but ...
by beth65
Wed Sep 20, 2017 1:48 pm
Forum: Investing - Help with Personal Investments
Topic: Advise on what to do with additional savings
Replies: 27
Views: 3018

Re: Advise on what to do with additional savings

That was my thought. I generally follow the prioritization from MMM: WHAT 0. Establish an emergency fund to your satisfaction 1. Contribute to your 401k up to any company match 2. Pay off any debts with interest rates ~5% or more above the 10-year Treasury note yield. 3. Max HSA 4. Max Traditional ...
by beth65
Wed Sep 20, 2017 1:44 pm
Forum: Investing - Help with Personal Investments
Topic: Advise on what to do with additional savings
Replies: 27
Views: 3018

Re: Advise on what to do with additional savings

Is there any way in which we could be eligible to backdoor a Roth this year since we cannot contribute to an employer plan for 12 months? Does the IRA that each of us have completely prevent eligibility, or is there a way to do it without penalty or audit? Again, I only see one IRA. Do you have one...
by beth65
Wed Sep 20, 2017 10:33 am
Forum: Investing - Help with Personal Investments
Topic: Advise on what to do with additional savings
Replies: 27
Views: 3018

Re: Advise on what to do with additional savings

Is there any way in which we could be eligible to backdoor a Roth this year since we cannot contribute to an employer plan for 12 months? Does the IRA that each of us have completely prevent eligibility, or is there a way to do it without penalty or audit?
by beth65
Tue Sep 19, 2017 1:06 pm
Forum: Investing - Help with Personal Investments
Topic: Advise on what to do with additional savings
Replies: 27
Views: 3018

Re: Advise on what to do with additional savings

It appears your situation is in transit. Just general all round advice.... You have a lot of debt but none of it is really high interest rate and you apparently do/will have good income. As a minimum, you want to fill two work plans (401k, 403b, etc) when they are available before considering payin...
by beth65
Mon Sep 18, 2017 3:46 pm
Forum: Investing - Help with Personal Investments
Topic: Advise on what to do with additional savings
Replies: 27
Views: 3018

Re: Advise on what to do with additional savings

Married couple, both 37, 2 kids. Heavily divided on where to invest additional savings. Spouse wants to invest in more ETF’s, I am questioning if we need further diversification than just stock/bond/international mix. Or should we pay off debt sooner/put more towards debt? Our interest rates are no...
by beth65
Mon Sep 18, 2017 3:28 pm
Forum: Investing - Help with Personal Investments
Topic: Advise on what to do with additional savings
Replies: 27
Views: 3018

Re: Advise on what to do with additional savings

Our household income nets 200k a year (AGI is over 350k), so 100k is 6 months for emergency. We would not be comfortable with a lower amount at this point. Okay, but just to confirm, your necessity expenses are $200k/yr? That is what the emergency fund is for - necessities. You sound fairly savvy a...
by beth65
Mon Sep 18, 2017 9:59 am
Forum: Investing - Help with Personal Investments
Topic: Advise on what to do with additional savings
Replies: 27
Views: 3018

Re: Advise on what to do with additional savings

I have not contributed in 5 years, and the total balance went from 54k to 72k in less than 3 years, but I never spent time to break down the numbers. I do plan to transfer the account to a brokerage in the next few weeks. If the account went from 54k to 72k, my math indicates that is a 33% increase...
by beth65
Sun Sep 17, 2017 9:06 pm
Forum: Investing - Help with Personal Investments
Topic: Advise on what to do with additional savings
Replies: 27
Views: 3018

Re: Advise on what to do with additional savings

Retirement - Her - $72k in a ML fund managed by a FI at a discount family rate Tax Filing Status: Married filing joint Tax Rate - 33% Federal, 6% State State - GA beth65, 1) Do you contribute to the max of both 401K? You are paying combined 33% + 6% = 39% tax. You should contribute 2 X 18K = 36K. P...
by beth65
Sun Sep 17, 2017 8:39 pm
Forum: Investing - Help with Personal Investments
Topic: Advise on what to do with additional savings
Replies: 27
Views: 3018

Re: Advise on what to do with additional savings

$100k in the emergency fund seems like a large amount. Do you need that much? I'd probably use $13k and pay off the car loan right away. You're paying 2.4% interest and the emergency fund is only yielding you about 0.7% after tax. You're relatively young and have a low-interest mortgage for only 15...
by beth65
Sun Sep 17, 2017 8:38 pm
Forum: Investing - Help with Personal Investments
Topic: Advise on what to do with additional savings
Replies: 27
Views: 3018

Re: Advise on what to do with additional savings

Retirement - Her - $72k in a ML fund managed by a FI at a discount family rate Tax Filing Status: Married filing joint Tax Rate - 33% Federal, 6% State State - GA beth65, 1) Do you contribute to the max of both 401K? You are paying combined 33% + 6% = 39% tax. You should contribute 2 X 18K = 36K. P...
by beth65
Sun Sep 17, 2017 1:39 pm
Forum: Investing - Help with Personal Investments
Topic: Advise on what to do with additional savings
Replies: 27
Views: 3018

Advise on what to do with additional savings

Married couple, both 37, 2 kids. Heavily divided on where to invest additional savings. Spouse wants to invest in more ETF’s, I am questioning if we need further diversification than just stock/bond/international mix. Or should we pay off debt sooner/put more towards debt? Our interest rates are not...
by beth65
Tue Jul 18, 2017 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Paying off debt vs. max savings
Replies: 53
Views: 6370

Re: Paying off debt vs. max savings

I follow these boards somewhat frequently, and I know that many people here are more fiscally conservative, but why do so many people always recommend paying off any debt first? Why is debt-free always the way to go? Because many of us, along with millions of Americans, have been burned badly with ...
by beth65
Tue Jul 18, 2017 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Paying off debt vs. max savings
Replies: 53
Views: 6370

Re: Paying off debt vs. max savings

Both me and my DW now have fairly stable jobs with a pretty high rate of income (combined +/- $150k/yr, with pay raises of abt 5%/yr), after many years of low-paying jobs, graduate school, time-off for kids, etc. At this point we can max out our 401(k)/457(b) plans with no problem. We also have som...
by beth65
Tue Jul 18, 2017 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Paying off debt vs. max savings
Replies: 53
Views: 6370

Re: Paying off debt vs. max savings

I follow these boards somewhat frequently, and I know that many people here are more fiscally conservative, but why do so many people always recommend paying off any debt first? Why is debt-free always the way to go? I have read so many books on good debt vs bad debt (Thomas Anderson's The Value of ...
by beth65
Mon Jul 17, 2017 1:28 am
Forum: Investing - Help with Personal Investments
Topic: Where to allocate lump sum payout
Replies: 4
Views: 562

Where to allocate lump sum payout

Looking for advice on best use of a large profit on the sale of a home. We sold a home and currently have $160k cash surplus. No consumer debt other than one car loan at $400 per month. Our new mortgage is $2455 a month on a 15 year fixed (we put 20% down). There is a total of $250k of school loans ...
by beth65
Tue Jun 13, 2017 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: HDHP/HSA or HMO/FSA
Replies: 10
Views: 1022

Re: HDHP/HSA or HMO/FSA

That is an expensive HDHP family plan (12.5k a year on premiums) for a $7k deduc. It sounds like the employer may not be offering much of a subsidy to you. Nonetheless, having two health conditions might make it more feasible to do the HDHP and define your annual cost at $19.5k with an HSA of preta...
by beth65
Wed Jun 07, 2017 7:35 am
Forum: Personal Finance (Not Investing)
Topic: HDHP/HSA or HMO/FSA
Replies: 10
Views: 1022

Re: HDHP/HSA or HMO/FSA

Either your HDHP plan is "grandfathered" or they are not in ACA compliance (ACA requires both fully insured and self funded plans to cover Preventive Care 100% no cost share...I would confirm this with HR) You need to better understand your family annual healthcare spend to make a fair comparison. ...
by beth65
Wed Jun 07, 2017 7:25 am
Forum: Personal Finance (Not Investing)
Topic: HDHP/HSA or HMO/FSA
Replies: 10
Views: 1022

Re: HDHP/HSA or HMO/FSA

Your logic is flawed here. The HDHP costs 12,500 not 19,000. The 6750 is your money as an investment, not a cost. The 7,000 deductible is only a cost if you have that much in medical expenses. The real issue is do you want a PPO or HMO? HMOs are almost always cheaper but come with significant restr...
by beth65
Tue Jun 06, 2017 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: HDHP/HSA or HMO/FSA
Replies: 10
Views: 1022

HDHP/HSA or HMO/FSA

My husband is starting a new job, there are two health insurance options. Normally the HDHP plan would seem like the better option since the HSA can be used as an investment vehicle, but the premiums for both plans are high and the HDHP option would not save a lot of money for the risk of the higher...
by beth65
Thu May 18, 2017 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Annual house maintenance costs
Replies: 30
Views: 3388

Re: Annual house maintenance costs

Another thing to consider is the climate/part of the country. I'm from the NE and moved to the SE 4 years ago, and we have to put much more maintenance into our home that is only 6 years old than the homes up north that were 50+ years old. The older homes did have higher costs for things like roofin...
by beth65
Thu May 18, 2017 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: How to sell a house?
Replies: 22
Views: 2795

Re: How to sell a house?

I agree. Most people want to come in and renovate or just gut the house and redesign it the way that they like. It's not worth the headaches and the cost to you to do it yourself. My stepfather did this and lost money, even though they tried to do a few minimal upgrades and keep them neutral. It sti...
by beth65
Thu May 18, 2017 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: Buy 1st House Cash?
Replies: 20
Views: 1954

Re: Buy 1st House Cash?

I'm no expert by any stretch, but my concern would be liquidity. You could take out a home equity loan if you do need cash and aren't in a position to sell your house, but then you are paying interest versus only paying 50% down on the house and keeping the other 50% cash for investments which have ...
by beth65
Wed May 10, 2017 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: General question of balance and compromise
Replies: 26
Views: 2481

General question of balance and compromise

I know this is more of a personal topic than a financial one, but where do you strike a balance between saving and cutting expenses and quality of life? We can obviously all save more by living in a tiny house and driving an old car purchased in cash in a rural area, but in all seriousness, where do...
by beth65
Wed May 10, 2017 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Home purchase question
Replies: 22
Views: 2596

Re: Home purchase question

With $200k still outstanding in student loan debt, you're falling into the classic lifestyle inflation trap. I agree with your husband - buckle down now. 1) Buy the cheaper house - if your husband hates the new job, the transaction costs are cheaper to get out. The kids may actually prefer the more...
by beth65
Wed May 10, 2017 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Home purchase question
Replies: 22
Views: 2596

Re: Home purchase question

With $200k still outstanding in student loan debt, you're falling into the classic lifestyle inflation trap. I agree with your husband - buckle down now. 1) Buy the cheaper house - if your husband hates the new job, the transaction costs are cheaper to get out. The kids may actually prefer the more...
by beth65
Mon May 08, 2017 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: Home purchase question
Replies: 22
Views: 2596

Re: Home purchase question

A few things: First, do not think of the home as an investment.. it is a lifestyle choice. Bringing up a family with a nice yard etc. is all about lifestyle. If you buy a house for $400K and sell it for $380K (ignore transaction costs for now although they are important), you will have spent $20K t...
by beth65
Mon May 08, 2017 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Home purchase question
Replies: 22
Views: 2596

Re: Home purchase question

Sounds like no matter what, this next home is going to be a loss for you (transaction costs, interest paid, upgrades, basic furnishings, property taxes, and very little potential for increase in home price). At least there is a healthy salary to have that luxury and you just need to realize that th...
by beth65
Mon May 08, 2017 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Home purchase question
Replies: 22
Views: 2596

Re: Home purchase question

There are almost no home rentals, particularly in the only good school district in the area. There are a few apartment complexes in the area, but they don't have more than 3 bedrooms, and we want a backyard for our dog and our kids. I was arguing to consider a rental, but my husband is very traditio...
by beth65
Mon May 08, 2017 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Home purchase question
Replies: 22
Views: 2596

Home purchase question

My husband and I are relocating to a new city for a great job opportunity. We are very fortunate to cash out on our house and make a great profit of $200k in 4 years. In addition, he will have a big salary increase and will be making $400k per year. We stretched ourselves maxing out retirement contr...