Search found 432 matches

by corn18
Thu Jul 20, 2017 6:51 am
Forum: Investing - Help with Personal Investments
Topic: Move FTABX (tax free bond) to mortgage?
Replies: 11
Views: 747

Re: Move FTABX (tax free bond) to mortgage?

Does it change anything if I will sell the house in 5 years?
by corn18
Wed Jul 19, 2017 10:54 am
Forum: Investing - Help with Personal Investments
Topic: Move FTABX (tax free bond) to mortgage?
Replies: 11
Views: 747

Re: Move FTABX (tax free bond) to mortgage?

I have $25k in tax free muni bond fund (FTABX) in my taxable account that I am thinking of moving over to my mortgage (2.2% effective interest rate). Don't need the money for anything in particular and the 2.2% would beat/match the muni bond returns. Seems like a 6 one way / half dozen the other ki...
by corn18
Wed Jul 19, 2017 10:20 am
Forum: Investing - Help with Personal Investments
Topic: Move FTABX (tax free bond) to mortgage?
Replies: 11
Views: 747

Re: Move FTABX (tax free bond) to mortgage?

Iliketoridemybike wrote:Does having the mortgage deduction allow to itemize or stay in a lower tax bracket?
Negative. Solidly in the 39.6% marginal bracket.
by corn18
Wed Jul 19, 2017 8:24 am
Forum: Investing - Help with Personal Investments
Topic: Move FTABX (tax free bond) to mortgage?
Replies: 11
Views: 747

Move FTABX (tax free bond) to mortgage?

I have $25k in tax free muni bond fund (FTABX) in my taxable account that I am thinking of moving over to my mortgage (2.2% effective interest rate). Don't need the money for anything in particular and the 2.2% would beat/match the muni bond returns. Seems like a 6 one way / half dozen the other kin...
by corn18
Mon Jun 19, 2017 11:06 am
Forum: Investing - Help with Personal Investments
Topic: What Is The Right Amount For An Emergency Fund?
Replies: 27
Views: 2920

Re: What Is The Right Amount For An Emergency Fund?

I have enough taxable investments to not need an EF. But I keep 6 months expenses in our checking account in case I die. Seen too many grieving spouses trying to figure out how to pay the bills while burying their better half. So I'll make it easy on my wife.
by corn18
Sun Jun 18, 2017 8:09 pm
Forum: Personal Consumer Issues
Topic: Deck needs replaced, what should I get?
Replies: 17
Views: 1694

Re: Deck needs replaced, what should I get?

How about concrete pavers, way less maintenance and they look nice. If the entire structure needs to be replaced including the joists that maybe another option. Also if you go with a plastic/composite board make your your joists can handle the product. If your joists are 24" on center I doubt you c...
by corn18
Sat Jun 17, 2017 5:43 pm
Forum: Personal Consumer Issues
Topic: Deck needs replaced, what should I get?
Replies: 17
Views: 1694

Re: Deck needs replaced, what should I get?

delamer wrote:
corn18 wrote:
Goal33 wrote:When are you selling?
Maybe within the next 3 years.
How much do you think the house is worth?
With the current deck: $0. With the current deck replaced, $485,000. With the new deck, double size, 1/2 covered and all Trex, maybe $485,000.
by corn18
Sat Jun 17, 2017 5:35 pm
Forum: Personal Consumer Issues
Topic: Deck needs replaced, what should I get?
Replies: 17
Views: 1694

Re: Deck needs replaced, what should I get?

Goal33 wrote:When are you selling?
Maybe within the next 3 years.
by corn18
Sat Jun 17, 2017 4:08 pm
Forum: Personal Consumer Issues
Topic: Deck needs replaced, what should I get?
Replies: 17
Views: 1694

Deck needs replaced, what should I get?

So my 9 year old deck has been condemned. Whole thing is rotting. The contractor we had do an estimate is replacing decks all over our neighborhood. Ours was well maintained but poorly built. Regardless, we are where we are. To just replace the deck is $9,000 with the same deck and pressure treated ...
by corn18
Mon Jun 12, 2017 6:49 pm
Forum: Investing - Help with Personal Investments
Topic: Early retirement planning when future income needs are met by pensions/social security.
Replies: 16
Views: 1978

Re: Early retirement planning when future income needs are met by pensions/social security.

I use the Flexible Retirement Planner (FRP) to figure this out for me. I plug in my pension and SS as income. It allows you to customize when it starts and how much it is and whether it's COLA or not. Then I play around with when to start SS and when to retire. I also have enough COLA pension and SS...
by corn18
Mon May 22, 2017 6:31 pm
Forum: Investing - Theory, News & General
Topic: Understanding a Post Tax 401k
Replies: 19
Views: 2167

Re: Understanding a Post Tax 401k

I believe what captpete means is that his 401k offers a Roth option for post tax money. This is an easy way to get money into a Roth but not the best way to maximize your tax deferred space if that's what you're trying to do. You can only contribute $18,000 to tax advantaged 401k's. I use 401k for ...
by corn18
Mon May 22, 2017 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Present value of COLA pension
Replies: 20
Views: 2034

Re: Present value of COLA pension

The Wizard wrote:It depends a lot on the age at which this pension begins.
If way younger than 65, then worth more than 25X, maybe 30X or more...


I am 51 and it started when I was 42. I think just using 25x-30x is good enough to satisfy my curiosity. Thanks a bunch! Corn
by corn18
Mon May 22, 2017 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Present value of COLA pension
Replies: 20
Views: 2034

Re: Present value of COLA pension

I'm just curious how I could calculate the present value of my military pension. It's $45,000 / year with COLA with 55% survivor benefit. I used immediate annuity to calculate the non COLA value, but can't find a place to get a quick quote on a COLA annuity. This is just a curiosity thing. What a c...
by corn18
Mon May 22, 2017 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Present value of COLA pension
Replies: 20
Views: 2034

Present value of COLA pension

I'm just curious how I could calculate the present value of my military pension. It's $45,000 / year with COLA with 55% survivor benefit. I used immediate annuity to calculate the non COLA value, but can't find a place to get a quick quote on a COLA annuity. This is just a curiosity thing.
by corn18
Thu May 18, 2017 8:00 pm
Forum: Investing - Theory, News & General
Topic: For those with $500k-$1m in investments...
Replies: 138
Views: 14401

Re: For those with $500k-$1m in investments...

51 30/70 Contribute about 50/50 now between 401k/Roth and taxable 401k = $60,000 total 18,000 before tax 6,000 401k catch up 18,000 401k match 18,000 401k after tax converted to tIRA then mega backdoor Roth 12,000 tIRA to backdoor Roth (wife + me over 50) $72,000 total to tax advantaged 75,000 to ta...
by corn18
Wed May 17, 2017 8:21 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2616
Views: 832902

Re: What Book Are You Currently Reading? Part VI

God Particle by Leon Lederman good history of particle physics and the Higgs boson
by corn18
Wed May 17, 2017 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a luxury car (how dumb would it be to do this?)
Replies: 216
Views: 21250

Re: Buying a luxury car (how dumb would it be to do this?)

BH is not the place to talk about fast cars or expensive watches. Too much practical, not enough enabling. If I need enabling, I go to a BMW forum and ask if I should get a Z4 or to a Rolex forum and ask if I should buy a Batman. They never qualify their answers with a financial caveat.
by corn18
Tue May 16, 2017 8:39 pm
Forum: Investing - Help with Personal Investments
Topic: Article: "Our emergency fund is exactly $0.00"
Replies: 73
Views: 8459

Re: Article: "Our emergency fund is exactly $0.00"

Never had an EF until I had 2 heart attacks. Now there is enough money in there so my wife doesn't have to think about money for at least 6 months. I am not retired and have a large taxable account. But if you've ever seen a widow after their husband dies, they have other things to worry about than ...
by corn18
Tue May 16, 2017 6:15 am
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 1023
Views: 249483

Re: Best watch for around $5,000?

My Casio Gshock is more durable than any of my $10k watches. It's also a lot more accurate and never needs wound. I wear it most of the time. Is it higher quality? Apples and oranges. Rolex is a brand that people want to pay ridiculous amounts of money for a piece of jewelry. As a tool watch, an Inv...
by corn18
Sat May 13, 2017 5:36 am
Forum: Personal Consumer Issues
Topic: Cars: Expense or Asset?
Replies: 84
Views: 5765

Re: Cars: Expense or Asset?

I don't know much about the accounting bits, but I do know I do not like it every year when I update my net worth and it goes down when I put in the new value of my cars. My expensive watches might seem like a stupid luxury to most, but when I put in their value each year, at least they stay about t...
by corn18
Tue May 09, 2017 6:56 am
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 1023
Views: 249483

Re: Best watch for around $5,000?

For the folks that looked at both Rolex and Omega, how did you make your decision? I have a tag heur I wear daily, but have been itching to upgrade for a while. I have been inbetween a black submariner date, and a blue seamaster. Obviously the cheap side of me wants to go omega. If I did go Rolex I...
by corn18
Fri May 05, 2017 6:59 am
Forum: Personal Finance (Not Investing)
Topic: Buying a luxury car (how dumb would it be to do this?)
Replies: 216
Views: 21250

Re: Buying a luxury car (how dumb would it be to do this?)

My 10 yr Subaru was 36k brand new. I bought it at 15k miles for 23k. Its still NALA at 12k So it is possible to buy a nice car that holds up well and doesn't plummet like a rock in value. (Nala does give out higher values than KBB, KBB says its only worth 8500) 36k->8.5k is still a 77% drop. All my...
by corn18
Wed May 03, 2017 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a luxury car (how dumb would it be to do this?)
Replies: 216
Views: 21250

Re: Buying a luxury car (how dumb would it be to do this?)

They may be saving 36% now but apparently they have not been. They should have more than 500k saved up with 300k income. Buying a luxury car would be contribute to lifestyle inflation. Is there something wrong with lifestyle inflation? Seems to me the BH guiding principle is live below your means. ...
by corn18
Wed May 03, 2017 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a luxury car (how dumb would it be to do this?)
Replies: 216
Views: 21250

Re: Buying a luxury car (how dumb would it be to do this?)

They may be saving 36% now but apparently they have not been. They should have more than 500k saved up with 300k income. Buying a luxury car would be contribute to lifestyle inflation. Is there something wrong with lifestyle inflation? Seems to me the BH guiding principle is live below your means. ...
by corn18
Wed May 03, 2017 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a luxury car (how dumb would it be to do this?)
Replies: 216
Views: 21250

Re: Buying a luxury car (how dumb would it be to do this?)

How about a 2 year old Highlander and then buy a fun car to go with it. We were trying to decide between an X5, Cayan, Q7, Range Rover Sport to replace my wife's MDX. They were nice and all and kindof fun to drive, but still a 2.5 ton behemoth. We ended up keeping the MDX for hauler duty and added a...
by corn18
Fri Apr 07, 2017 1:06 pm
Forum: Personal Consumer Issues
Topic: Buying expensive car, how to keep payments low?
Replies: 149
Views: 10322

Re: Buying expensive car, how to keep payments low?

Another way to get the payment down is buy the new 2018 Q5. I just drove one and it is a 2 row Q7 now. I didn't like the 2017 Q5, but this new one is a dream. We might even opt for the SQ5 now.
by corn18
Thu Apr 06, 2017 2:36 pm
Forum: Personal Consumer Issues
Topic: Buying expensive car, how to keep payments low?
Replies: 149
Views: 10322

Re: Buying expensive car, how to keep payments low?

The last car I bought I started with a cash offer and ended up paying $750 less when I used their financing. I paid the loan off the same day I got the paperwork. Cost me $19 in interest.

So for those that say you get a better deal paying cash, I say pshaw.
by corn18
Thu Apr 06, 2017 11:26 am
Forum: Personal Consumer Issues
Topic: Buying expensive car, how to keep payments low?
Replies: 149
Views: 10322

Re: Buying expensive car, how to keep payments low?

If you can't pay cash, you need to consider a cheaper vehicle. Though I generally agree with that, when I was younger there was no decent car I could afford to buy and pay cash (except the junkers that kept breaking down). I've paid cash for my last 3 cars though and would only finance if the rate ...
by corn18
Thu Apr 06, 2017 9:48 am
Forum: Personal Consumer Issues
Topic: Buying expensive car, how to keep payments low?
Replies: 149
Views: 10322

Re: Buying expensive car, how to keep payments low?

It is moderately depressing to see my net worth take a $10k / year depreciation hit due to vehicles in the inventory (3 cars, total value $63k)
by corn18
Thu Apr 06, 2017 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Military Retirement; "Should I stay or should I go now?"
Replies: 61
Views: 11158

Re: Military Retirement; "Should I stay or should I go now?"

I had all the fears and anxiety mentioned in the posts before. I left at 20 because I had no opportunities to continue flying. Been out for 8 years and no regrets. I am now president of a company and thoroughly enjoying leading the troops again. It's different, but very rewarding. While not the reas...
by corn18
Thu Apr 06, 2017 9:35 am
Forum: Personal Consumer Issues
Topic: Buying expensive car, how to keep payments low?
Replies: 149
Views: 10322

Re: Buying expensive car, how to keep payments low?

Really there are no useful rules of thumb. Someone may be making 400k with low expenses. For them, a $70k cash payment for a car is affordable: they could save that in a few months. Someone else may be making $375k with huge expenses, and they cannot afford a car half that price. There are plenty o...
by corn18
Sat Apr 01, 2017 5:58 am
Forum: Investing - Help with Personal Investments
Topic: Currently have $700,000 at 26 years old get $100,000 a year
Replies: 80
Views: 12318

Re: Currently have $700,000 at 26 years old get $100,000 a year

I've always felt that everyone is not a product of their environment but, rather, a product of their expectations. OP, take your good fortune and make the world a better place. Please.
by corn18
Mon Mar 27, 2017 6:17 pm
Forum: Investing - Theory, News & General
Topic: Illusion of poverty/wealth
Replies: 166
Views: 26524

Re: Illusion of poverty/wealth

My MIL easily lives off of her pension +SS and saves some each month. She also has $1.7M in savings and growing. She feels poor and worries about running out of money. But that makes her happy, so who am I to judge?
by corn18
Mon Mar 27, 2017 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Furnishing Apartment for Work - Tax Implications
Replies: 17
Views: 1701

Re: Furnishing Apartment for Work - Tax Implications

And if they do report it as income, request that they gross it up to cover taxes.
by corn18
Fri Mar 24, 2017 7:55 am
Forum: Investing - Theory, News & General
Topic: The $1,124,176 Car.
Replies: 99
Views: 10055

Re: The $1,124,176 Car.

The variation in replies to this thread illustrate the wisdom in the lyrics of a popular song by Sly & The Family Stone that said "Different strokes for different folks" Pick your poison, castles, cars, travel...... other things too. The takeaway is that EVERYTHING has an opportunity ...
by corn18
Fri Mar 24, 2017 5:17 am
Forum: Investing - Theory, News & General
Topic: The $1,124,176 Car.
Replies: 99
Views: 10055

Re: The $1,124,176 Car.

Buying a BMW versus a Ford Taurus or Toyota Corolla is nothing more than an ego trip. It's all about status and ego. Successful people generally have bigger egos and they definitely get more hung up on the whole status or image thing. Buying that hotshot BMW feeds the ego...buying a Corolla doesn't...
by corn18
Thu Mar 23, 2017 7:44 pm
Forum: Investing - Theory, News & General
Topic: The $1,124,176 Car.
Replies: 99
Views: 10055

Re: The $1,124,176 Car.

Buying a BMW versus a Ford Taurus or Toyota Corolla is nothing more than an ego trip. It's all about status and ego. Successful people generally have bigger egos and they definitely get more hung up on the whole status or image thing. Buying that hotshot BMW feeds the ego...buying a Corolla doesn't...
by corn18
Thu Mar 23, 2017 6:16 pm
Forum: Investing - Theory, News & General
Topic: The $1,124,176 Car.
Replies: 99
Views: 10055

Re: The $1,124,176 Car.

Lump sum discussions are often hypothetical and don't account for inflation. What matters is your monthly/annual cashflow breakdown. If you can put 20% to 25% of your gross income into long term retirement investments, you'll come out Just Fine down the road. Do that and you are welcome to spend an...
by corn18
Sun Mar 19, 2017 9:25 am
Forum: Investing - Help with Personal Investments
Topic: How to figure whether its good to move all IRA into 401k to do backdoor Roth
Replies: 26
Views: 1500

Re: How to figure whether its good to move all IRA into 401k to do backdoor Roth

gilgamesh wrote:
TomatoTomahto wrote:
Backdoor Roth only has tax deferred growth as the advantage over taxable, correct?

It has tax free growth as the advantage over taxable.


Good point!, I knew it but wrote it wrong.


And no RMD's.
by corn18
Thu Mar 16, 2017 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO auto rates vs. USAA: too good to be true?
Replies: 131
Views: 14832

Re: GEICO auto rates vs. USAA: too good to be true?

I just compared my USAA to Geico. Had to drop a lot of coverages down to match the Geico coverages. I could save 28% by switching or $546 a year. But then I have to accept Geico's lower coverage which I do not want to do. So I'm sticking with USAA.
by corn18
Mon Mar 13, 2017 3:46 pm
Forum: Personal Consumer Issues
Topic: High End Wrist Watches (Gone Crazy)
Replies: 162
Views: 16272

Re: High End Wrist Watches (Gone Crazy)

Good inputs on how this all gets paid for. For me, I save 40% of my gross income to fund my early retirement at age 55. College for both kids is fully funded. EF is plump. I have a car fund, vacation fund, elective surgery fund. All expected and unexpected expenses for the foreseeable future are fun...
by corn18
Sun Mar 12, 2017 7:53 am
Forum: Personal Finance (Not Investing)
Topic: How Much in Your Emergency Fund And Is It Used?
Replies: 188
Views: 20666

Re: How Much in Your Emergency Fund And Is It Used?

Wanted to add that I keep a larger than necessary EF in case I die. And it is in an easily accessible savings account. I had 2 heart attacks in 2015 and if I had died, the money I had spread all over trying to make an extra 1% earnings would have made the grieving period financially difficult for my...
by corn18
Sat Mar 11, 2017 9:58 am
Forum: Personal Finance (Not Investing)
Topic: How Much in Your Emergency Fund And Is It Used?
Replies: 188
Views: 20666

Re: How Much in Your Emergency Fund And Is It Used?

This thread got me thinking. I have $50k in my EF, all in a savings account. I also have muni's in my taxable and bonds in my Roth's. Shouldn't I just dump the EF into the taxable account as bonds? After I do that, my AA will shift a bit, but I would not rebalance because of that. Appreciate your th...
by corn18
Sat Mar 11, 2017 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Total Annual Expenses
Replies: 57
Views: 4797

Re: Total Annual Expenses

Total expenses last year: $340k. 66% of that was taxes (income, real estate, FICA).
by corn18
Fri Mar 10, 2017 11:24 pm
Forum: Personal Consumer Issues
Topic: High End Wrist Watches (Gone Crazy)
Replies: 162
Views: 16272

Re: High End Wrist Watches (Gone Crazy)

If I could have any watch it would be a Jaeger LeCoultre Master Ultra Thin Perpetual in White Gold. Those things are, in my opinion, the very last word in high end wrist watches. Ah, it's almost Spring and the watch thread is back! Waiting to see where this goes...! Why do you say that? I have boug...
by corn18
Fri Mar 10, 2017 9:50 pm
Forum: Personal Consumer Issues
Topic: High End Wrist Watches (Gone Crazy)
Replies: 162
Views: 16272

Re: High End Wrist Watches (Gone Crazy)

PandaBear wrote:If I could have any watch it would be a Jaeger LeCoultre Master Ultra Thin Perpetual in White Gold. Those things are, in my opinion, the very last word in high end wrist watches.


That is a very nice watch.
by corn18
Fri Mar 10, 2017 6:30 pm
Forum: Personal Consumer Issues
Topic: High End Wrist Watches (Gone Crazy)
Replies: 162
Views: 16272

Re: High End Wrist Watches (Gone Crazy)

I shrunk it considerably. Just lost interest in having a bunch of different watches.

Image
by corn18
Mon Mar 06, 2017 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: How Much in Your Emergency Fund And Is It Used?
Replies: 188
Views: 20666

Re: How Much in Your Emergency Fund And Is It Used?

$50k. Never used it. Makes me happy to have it. Although now that I have a large amount in taxable and Roth IRA's, I may just invest it.
by corn18
Wed Mar 01, 2017 1:38 am
Forum: Investing - Help with Personal Investments
Topic: Where to go when stocks, bonds overpriced
Replies: 53
Views: 6142

Re: Where to go when stocks, bonds overpriced

I have followed this thread and all of the input allowed me to put $100k into the market at a 60/40 AA with little thought. I was thinking about leaving it in cash for a bit until I got brave enough to put it all in, but this thread helped me understand the value of a plan and just doing it without ...