Search found 463 matches

by corn18
Fri Dec 15, 2017 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: When do I sign up for Tricare-For-Life?
Replies: 2
Views: 308

Re: When do I sign up for Tricare-For-Life?

This is a link to a .pdf on the Tricare site that should help you: https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=12&ved=0ahUKEwiXidic6IzYAhXBSyYKHX0ZCi0QFghbMAs&url=https%3A%2F%2Ftricare.mil%2F~%2Fmedia%2FFiles%2FTRICARE%2FPublications%2FFactSheets%2FTRI_Med_Turning65_FS.ashx&usg=AOv...
by corn18
Fri Dec 15, 2017 9:26 am
Forum: Investing - Help with Personal Investments
Topic: Might exceed $60k 401k limit, what will happen?
Replies: 20
Views: 2168

Re: Might exceed $60k 401k limit, what will happen?

This is from my 401k online account. Looks like I almost nailed it.

Image
by corn18
Thu Dec 14, 2017 8:34 pm
Forum: Investing - Help with Personal Investments
Topic: Might exceed $60k 401k limit, what will happen?
Replies: 20
Views: 2168

Re: Might exceed $60k 401k limit, what will happen?

An additional matching contribution can be deposited up until the tax return deadline (including extensions) for your company. My guess is the $1,580.99 is related to 2016. FIDO didn't have a clue, but they did know what happens if I over contribute against the $60k limit. They get a note from my c...
by corn18
Thu Dec 14, 2017 8:18 pm
Forum: Investing - Help with Personal Investments
Topic: Might exceed $60k 401k limit, what will happen?
Replies: 20
Views: 2168

Re: Might exceed $60k 401k limit, what will happen?

UPDATE: Turns out my employer does the 1% contribution in June, so it is already in the numbers. With that, I should be right at $59k for total into my 401k. Life is good. I don't want to delay your good vibes, but are you sure that 1% in June isn't related to 2016, and therefore part of the 2016 m...
by corn18
Thu Dec 14, 2017 7:49 pm
Forum: Investing - Help with Personal Investments
Topic: Might exceed $60k 401k limit, what will happen?
Replies: 20
Views: 2168

Re: Might exceed $60k 401k limit, what will happen?

UPDATE: Turns out my employer does the 1% contribution in June, so it is already in the numbers. With that, I should be right at $59k for total into my 401k. Life is good. I don't want to delay your good vibes, but are you sure that 1% in June isn't related to 2016, and therefore part of the 2016 m...
by corn18
Thu Dec 14, 2017 10:58 am
Forum: Investing - Help with Personal Investments
Topic: Might exceed $60k 401k limit, what will happen?
Replies: 20
Views: 2168

Re: Might exceed $60k 401k limit, what will happen?

UPDATE:

Turns out my employer does the 1% contribution in June, so it is already in the numbers. With that, I should be right at $59k for total into my 401k. Life is good.
by corn18
Wed Dec 13, 2017 8:18 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?
Replies: 176
Views: 4406

Re: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?

You should buy bitcoin. It moves 5% in minutes and 25% in hours. You might end up acting like Tweek from South Park, though. Ahhh!

Image
by corn18
Wed Dec 13, 2017 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: How much did you contribute to your 401k in 2017?
Replies: 117
Views: 6404

Re: How much did you contribute to your 401k in 2017?

$18,000 + $6,000 pre tax
$19,000 after tax (mega backdoor Roth)
$17,000 employer match

Also did $11k into back door Roth

age 51
by corn18
Tue Dec 12, 2017 7:09 pm
Forum: Personal Consumer Issues
Topic: USAA 2.5% Cash Back Credit Card
Replies: 253
Views: 44137

Re: USAA 2.5% Cash Back Credit Card

I’ve earned an extra $1174 this year by using my 2.5% Usaa card vs the 2% citi card I was using.
by corn18
Fri Dec 08, 2017 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: 840 credit score Million dollar farm.. low income cannot get Heloc?
Replies: 64
Views: 4465

Re: 840 credit score Million dollar farm.. low income cannot get Heloc?

cpumechanic wrote:
Fri Dec 08, 2017 5:53 pm

He has other property.. and a net worth much greater than just the farm/property.


CPU
If he won't sell his farm of 40 years, why not sell some other property? Is he being a curmudgeon?
by corn18
Thu Dec 07, 2017 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: At what age your investments start making more money than you?
Replies: 107
Views: 7312

Re: At what age your investments start making more money than you?

This is a tough one as my salary has exploded in the last 5 years. I would need a portfolio well into 7 figures to pull this feat off. Luckily I live way below my means, so the extra salary is quickly moving my FI date to the left.
by corn18
Wed Dec 06, 2017 2:59 pm
Forum: Investing - Theory, News & General
Topic: I'm declaring a bubble, it's at the peak
Replies: 15
Views: 2353

I'm declaring a bubble, it's at the peak

And I am going to do nothing. Well, I might go out to dinner with my wife.

Carry on.

:sharebeer
by corn18
Wed Dec 06, 2017 9:50 am
Forum: Investing - Help with Personal Investments
Topic: Company just introduced non qualified deferred compensation plan
Replies: 8
Views: 868

Re: Company just introduced non qualified deferred compensation plan

Just an update. I went ahead and enrolled for 5% contribution to get the match. 60/40 TSM/Bonds. Picked a 5 year payout to bridge me to SSA. Won't contribute much this year ($6k+$6k match). Next year that should double. Won't be a lot of money, but they made it attractive enough to get the match.
by corn18
Sun Dec 03, 2017 3:35 pm
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 1061
Views: 257158

Re: Best watch for around $5,000?

Tudor is the new Rolex... Tudor has been around for decades. Rolex has always marketed it as the poor person's Rolex, i.e.to those who couldn't afford the genuine article. Rolex has gone upmarket, $5k won't get you much any more unless buying used. Now it's $8k+ for a basic stainless steel sports m...
by corn18
Sun Dec 03, 2017 3:01 pm
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 1061
Views: 257158

Re: Best watch for around $5,000?

Over the past 2 years, I have bought $270,000 worth of watches. Ranging from a $12 Casio F91 to a $42,000 A. Lange & Sohne, from vintage to new. Sold them all except a G-Shock and 2 custom military Bremonts (total value $6,000). I wear the G-Shock 95% of time now. It was fun checking them all out an...
by corn18
Sat Dec 02, 2017 12:15 pm
Forum: Investing - Help with Personal Investments
Topic: Company just introduced non qualified deferred compensation plan
Replies: 8
Views: 868

Re: Company just introduced non qualified deferred compensation plan

Just got all the plan docs and some things are more clear now. 1. My 2017 bonus paid in 2018 will be used to determine when I hit the $275k limit. That will allow me to defer from my base pay. But I cannot defer from the bonus, which is fine. 2. I can elect to take distribution(s) in lump sum, 5,10,...
by corn18
Sat Dec 02, 2017 9:54 am
Forum: Investing - Help with Personal Investments
Topic: Company just introduced non qualified deferred compensation plan
Replies: 8
Views: 868

Re: Company just introduced non qualified deferred compensation plan

Looks like I might have a year to decide. My base income is exactly $275k and my bonus paid next year does not count towards the $275k minimum to start contributing. 2018 will be the year as my bonus will put me well over the $275k minimum.
by corn18
Fri Dec 01, 2017 9:46 pm
Forum: Investing - Help with Personal Investments
Topic: Company just introduced non qualified deferred compensation plan
Replies: 8
Views: 868

Company just introduced non qualified deferred compensation plan

And it looks sweet. When I hit the max comp level for 401k contributions, they will continue my election into a non qualified plan and will continue to match my contribution at the same 5% rate. That is way cool. And the same funds I have in my 401k are available to me in the NQDC plan. Other than t...
by corn18
Thu Nov 30, 2017 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: Might exceed $60k 401k limit, what will happen?
Replies: 20
Views: 2168

Re: Might exceed $60k 401k limit, what will happen?

Is there any way I can uncontribute $1500 of after tax contributions before 31 Dec, thus making sufficient room for the $2500 employer contribution and not creating a 415 issue for my employer?
by corn18
Thu Nov 30, 2017 8:42 am
Forum: Investing - Help with Personal Investments
Topic: Might exceed $60k 401k limit, what will happen?
Replies: 20
Views: 2168

Might exceed $60k 401k limit, what will happen?

I contribute pre-tax, pre-tax catch up and post tax (backdoor Roth) to my 401k. I try to set it up to hit $60k exactly. Might have dorked that up. Here's the data: Contributions and matching YTD: $18,000 Pre tax $6,000 Pre tax catch up $19,336 post tax $9,668 match $6,000 catch up match (this is swe...
by corn18
Mon Nov 27, 2017 3:48 pm
Forum: Personal Consumer Issues
Topic: 2018 Goals - Financial or Otherwise
Replies: 68
Views: 5255

Re: 2018 Goals - Financial or Otherwise

$1M of savings. Hit $1M net worth this year. Now I want it just in savings. Then just in taxable, but that is for a later year. I had a net worth of zero in 2012 because I was living way above my means. Slashed spending and maximized savings to get to this point. This is a lot more fun.
by corn18
Mon Nov 27, 2017 11:54 am
Forum: Investing - Theory, News & General
Topic: CNBC says Vanguard says 70% Chance of "Correction"
Replies: 63
Views: 7849

Re: CNBC says Vanguard says 70% Chance of "Correction"

I am at 62/38 against a 60/40 target. I was going to let contributions fix that, but maybe I should panic and fix it now.
by corn18
Sun Nov 26, 2017 12:31 pm
Forum: Investing - Help with Personal Investments
Topic: Interesting ride so far - Crypto-curriencies
Replies: 86
Views: 5663

Re: Interesting ride so far - Crypto-curriencies

Have any bogleheads shorted bitcoin? Have any bogleheads used bitcoin? Yes, I have. For example, I've used it to make many purchases on Amazon, using Purse.io. Search my post history, I have a writeup on how this is done. That's the biggest example. I've also made other misc small purchases. Of cou...
by corn18
Sun Nov 26, 2017 11:59 am
Forum: Investing - Help with Personal Investments
Topic: Interesting ride so far - Crypto-curriencies
Replies: 86
Views: 5663

Re: Interesting ride so far - Crypto-curriencies

Jonathan wrote:
Sun Nov 26, 2017 11:09 am
Have any bogleheads shorted bitcoin?
Have any bogleheads used bitcoin?
by corn18
Sun Nov 26, 2017 10:24 am
Forum: Investing - Help with Personal Investments
Topic: Interesting ride so far - Crypto-curriencies
Replies: 86
Views: 5663

Re: Interesting ride so far - Crypto-curriencies

The dividends you will receive from currency spinouts will more than pay for the cost of the investment. In fact, since these currencies can split infinitely, your profits could go to infinity. All you need are more buyers such as hedge funds and CME speculators. In one of these threads about bitco...
by corn18
Sun Nov 26, 2017 9:07 am
Forum: Investing - Help with Personal Investments
Topic: Interesting ride so far - Crypto-curriencies
Replies: 86
Views: 5663

Re: Interesting ride so far - Crypto-curriencies

I'm a staunch Dividend Growth Investor but decided in August to place 3.5% of my aftertax investment fund allocation into Crypto-currencies. My mix is 78.1% Bitcoin; 2.3% Bitcoin-Gold (hardfork) and 19.1% Ethereum. My original investment has increased 69.7% since the August 2017 entry date. Quite t...
by corn18
Sun Nov 19, 2017 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Why I am not happy even with OK Net Asset
Replies: 38
Views: 3762

Re: Why I am not happy even with OK Net Asset

I have enough money to be happy, but I keep chasing more (I am also running from poverty). I love my job. But some days I hope I get called into the boss's office and told I am no longer necessary. Just to force me to stop chasing more. Even if only for a while.
by corn18
Sun Nov 19, 2017 8:43 am
Forum: Personal Finance (Not Investing)
Topic: Liquidating RSUs
Replies: 46
Views: 4563

Re: Liquidating RSUs

I sell RSU's immediately upon vest. Simple question: If you had $100k to invest, would you buy your company stock that day? Not me. Because I am on a 3 year cycle, I have done fine with this approach. And I have a boatload of RSU's waiting to vest that keep me interested in the company's overall per...
by corn18
Wed Nov 15, 2017 4:27 pm
Forum: Personal Consumer Issues
Topic: USAA 2.5% Cash Back Credit Card
Replies: 253
Views: 44137

Re: USAA 2.5% Cash Back Credit Card

I'm up to $5,563 cash back so far this year. I love this card.
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: 807

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: 807

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: 807

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: 807

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: 3062

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: 1823

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: 1823

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: 1823

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: 1823

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: 2106

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: 2337

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: 2228

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: 2228

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: 2228

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: 15016

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: 2692
Views: 862895

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: 22414

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: 8866

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: 1061
Views: 257158

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...