Search found 121 matches

by dpusa
Fri May 12, 2017 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Experiences/vacations - how much do people do
Replies: 24
Views: 2093

Re: Experiences/vacations - how much do people do

Our family very much values travel. We try to do one international and 2-3 shorter domestic trips each year. Helps us stay connected with the kiddos, gives them experiences out of the norm etc.
by dpusa
Tue May 09, 2017 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Road Going Forward - What are we doing wrong?
Replies: 13
Views: 2045

Re: Financial Road Going Forward - What are we doing wrong?

It isn't clear that you are doing anything wrong -- or right, for that matter. To make that call, we'd need to know your goals. Do you want to retire when your 50 or 70? How much do you want to spend when you retire? Do you want to cover your childrens' college costs at an in-state college or Harva...
by dpusa
Mon May 08, 2017 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Road Going Forward - What are we doing wrong?
Replies: 13
Views: 2045

Re: Financial Road Going Forward - What are we doing wrong?

fishmonger wrote:How old are your kids? By the sounds of it, elementary school?

If you continue to put $12k/year into their 529's you may end up contributing "too much"


Fishmonger; I have two elementary aged kids; one is 9 and the other 7.
by dpusa
Mon May 08, 2017 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Road Going Forward - What are we doing wrong?
Replies: 13
Views: 2045

Re: Financial Road Going Forward - What are we doing wrong?

Presumably the non-deductible IRA contributions get converted to Roth IRAs in a reasonable amount of time. Otherwise, I would put the money in a taxable account, but invest very tax-efficiently in that account. For how to pay minimal taxes with your demographic see this thread: https://www.boglehea...
by dpusa
Mon May 08, 2017 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Road Going Forward - What are we doing wrong?
Replies: 13
Views: 2045

Financial Road Going Forward - What are we doing wrong?

All; I have posted here time to time and obtained feedback which has been great. My DW and I are almost 40 and just paid off our mortgage. However; I came up with a plan of what to do with the 'mortgage saved' but wanted to get input from the more experienced here to poke holes and provide counsel. ...
by dpusa
Thu May 04, 2017 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Buying a luxury car (how dumb would it be to do this?)
Replies: 215
Views: 17107

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

Ok; so for it is worth I have driven used cars and nearly new cars for all of my life. My first car was a 1.0l Nissan in baby blue :D and my previous car was a Nissan SUV which I drove for ten years with NO additional options (also it was the base model). We keep our cars for at least ten years. How...
by dpusa
Tue Feb 14, 2017 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Mega Corp - Long Term Incentive
Replies: 13
Views: 1537

Re: Mega Corp - Long Term Incentive

Thanks for all of the great replies. The question was more for the cash part; i.e., is it recognized differently to my usual income. No; I will not be using the cash to buy more stock; and the stock will be sold within the next week - completely agree about the concentration risk and would also rath...
by dpusa
Mon Feb 13, 2017 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Corp - Long Term Incentive
Replies: 13
Views: 1537

Re: Mega Corp - Long Term Incentive

Thanks Will. I receive both the Cash and Stock part - my long term incentive plan just splits it 50/50. For the cash it says it is taxed at 25% but my marginal rate is 39.6%; so am i right in thinking I need to accrue for the approx. 15% difference?
by dpusa
Mon Feb 13, 2017 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Corp - Long Term Incentive
Replies: 13
Views: 1537

Mega Corp - Long Term Incentive

All - wondering if you can help educate me on two parts of my Mega Corp Long Term Incentive plans. 1. LTI Cash - You receive the cash three years after the award. This is my first time having it vest. The FAQ states the income is taxed at the supplemental rate of 25% in addition to state and local t...
by dpusa
Mon Jun 20, 2016 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Early Pension Payout Question
Replies: 11
Views: 1705

Re: Early Pension Payout Question

Thanks all - this is very enlightening. The projections are per month estimates from my employer for what would be available at 65.
I am inclined not to take the $28k offer as it appears low; but wanted people to weigh in. Honestly; this is not an area of expertise for me.
by dpusa
Sat Jun 18, 2016 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Early Pension Payout Question
Replies: 11
Views: 1705

Re: Early Pension Payout Question

Since we don't know your intended retirement date it's not possible to say anything about these 2 options. Other factors will impact such as: - dependents - spousal financial position (it's normal to take at least a 50% spousal benefit when selecting a pension) - do you have any health issues which...
by dpusa
Sat Jun 18, 2016 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Early Pension Payout Question
Replies: 11
Views: 1705

Early Pension Payout Question

All, I worked for a large Big 4 Accounting/Consulting firm; and they are offering a Defined Pension payout. My wife and i are 39 years old and currently have 2.6 times our gross incomes saved in tax-deferred/taxable accounts. We are not the pension payout experts so wanted to ask counsel from far sm...
by dpusa
Wed Jan 27, 2016 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Who came closest to a $0 [taxes due]?
Replies: 62
Views: 4738

Re: Who came closest to a $0 [taxes due]?

Mine was much better compared to last year where I owed about $2600 (Owed more on Fed but got State refund). This year total refund of $400 with again owing on Fed side and bigger refund on State side. Now that is with extra Fed tax payments on both of our paychecks since about April 2015.
by dpusa
Wed Jan 13, 2016 9:00 am
Forum: Personal Finance (Not Investing)
Topic: What age does LBYM (being a big saver) pay off?
Replies: 81
Views: 11808

Re: What age does LBYM (being a big saver) pay off?

OP - I am about your age too (a bit older). It is a great topic and I have similar thoughts to you. We save about 27% of our gross (pitiful by BH standards) but agree with Lilypie that we seldom have to worry about money as we have a cushion and 'adequate' retirement savings thus far (projected to h...
by dpusa
Fri Jun 26, 2015 5:23 pm
Forum: Personal Consumer Issues
Topic: Do you buy used cars like a Boglehead actually should?
Replies: 168
Views: 24040

Re: Do you buy used cars like a Boglehead actually should?

We buy new... however buy with predominately cash and pay off the balance usually in 2-3 years.
by dpusa
Thu Jun 18, 2015 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Suggestions on what to pay off first: mortgage or car payment
Replies: 23
Views: 3539

Re: Suggestions on what to pay off first: mortgage or car payment

As a parent; I would say option C. Hold the money for now and wait until all is ok with the baby.
Grand scheme of things the interest is not huge.
by dpusa
Sun Feb 15, 2015 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: How much was your Tax Refund (or amount DUE)
Replies: 110
Views: 11072

Re: How much was your Tax Refund (or amount DUE)

Federal OWED $5,900.00
State REFUND $3,000.00

:(
by dpusa
Tue Aug 05, 2014 8:54 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA Conversion timing?
Replies: 10
Views: 1226

Re: Backdoor Roth IRA Conversion timing?

All,

I looked into it and neither of our 401k plans allow for rollovers from traditional IRAs as I suspected.
Looks like the general thoughts is it is close, but better to convert it now!
by dpusa
Fri Aug 01, 2014 8:47 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA Conversion timing?
Replies: 10
Views: 1226

Backdoor Roth IRA Conversion timing?

Overview: Age: Both wife and I are in our mid/late 30s Income: $400k+ 401k: Full $17,500k each per year IRAs: $5500 each per year Taxable: $24k per year All, my wife and I are in our mid/late 30's and have approximately $78k in Traditional IRAs, about $46k and $32k respectively. Due to our income th...
by dpusa
Sat May 17, 2014 6:06 am
Forum: Personal Finance (Not Investing)
Topic: Dependent Care Reimbursement Account Contribution Reduced
Replies: 3
Views: 559

Re: Dependent Care Reimbursement Account Contribution Reduce

Same thing happened to us this year too but the limit was reduced to $2k.
Is it possible to make a life event change to the other spouses benefits?
by dpusa
Thu May 15, 2014 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 495
Views: 122460

Re: Share your networth progression

I agree with most of how to increase your net-worth but here goes my progression. 2001: $0 (First year of working) 2008: $386k 2014 (Current): $1.16MM Biggest mistakes: 1) In 2007, overpaying for a home - and then selling it for a loss 5 or so years later (albeit we had overpaid on it so walked out ...
by dpusa
Wed May 14, 2014 6:49 am
Forum: Personal Finance (Not Investing)
Topic: what had biggest impact on your financial success?
Replies: 57
Views: 5614

Re: what had biggest impact on your financial success?

For me it was 'drummed' into me growing up that I had to be self sufficient, and hard working and financial stability and LBYM is key!
by dpusa
Mon May 05, 2014 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Futureadvisor.com - Does anyone use it?
Replies: 4
Views: 906

Futureadvisor.com - Does anyone use it?

Does anyone use this site, either the Free version or the Paid version?
Thoughts...?

I put in my portfolio details into the account, but it seems to encourage multiple different funds albeit not individual stocks :)

Thanks
by dpusa
Fri Apr 25, 2014 10:39 am
Forum: Personal Finance (Not Investing)
Topic: What's your number?
Replies: 147
Views: 34286

Re: What's your number?

Our goal that we are working towards is 40x annual expenses. We're in our mid-30s and realize a lot can change between now and then, but the two things we can control that will make that number easier to attain is maximizing how much we save, and minimizing our fixed costs. We work hard at both sim...
by dpusa
Thu Apr 24, 2014 11:49 am
Forum: Personal Finance (Not Investing)
Topic: What's your number?
Replies: 147
Views: 34286

Re: What's your number?

Our goal that we are working towards is 40x annual expenses. We're in our mid-30s and realize a lot can change between now and then, but the two things we can control that will make that number easier to attain is maximizing how much we save, and minimizing our fixed costs. We work hard at both sim...
by dpusa
Wed Apr 23, 2014 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: What's your number?
Replies: 147
Views: 34286

Re: What's your number?

My number: $4,000,000.
Assumption this allows approximately a 3-4% withdrawal. We are in our late 30's and have about $570k+ in Retirement Accounts and expect to continue to add anywhere between a combined $46k-$70k for 23-25 years at about 4% annual return rate.
by dpusa
Tue Apr 15, 2014 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA Conversion - Worth it for us?
Replies: 8
Views: 854

Re: Backdoor Roth IRA Conversion - Worth it for us?

Yes, the numbers are not whole numbers as we make monthly payments and initially in the first few years we would say make a non-deductible contribution of say $4992 - dont ask! Thanks, I do mean IRA basis... We are in our mid 30s and as 'JW Nearly Retired' pointed out we are currently maxing out our...
by dpusa
Tue Apr 15, 2014 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA Conversion - Worth it for us?
Replies: 8
Views: 854

Backdoor Roth IRA Conversion - Worth it for us?

All A while ago, I posted about cleaning up our finances (we have multiple 401ks, Rollover IRA, Traditional IRAs (non-deductible) etc. We have moved the rollover IRA for her into her 401k and now both are left with a 401k each, and a traditional IRA that we contribute $5500 per year to that is non-d...
by dpusa
Thu Apr 03, 2014 7:44 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance rates
Replies: 13
Views: 1415

Re: Umbrella insurance rates

Can I tag on... for those buying umbrella policies, where are you getting rate quotes and who are the best providers?
by dpusa
Sun Mar 02, 2014 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: How Much of Tax Refund Do You Save/Spend..??
Replies: 68
Views: 3759

Re: How Much of Tax Refund Do You Save/Spend..??

Ok, I am a little envious :(
I am in a salaried job, but my spouse and I owe just under $6k. Looking to start withholding more taxes after half of 2014!
by dpusa
Wed Feb 26, 2014 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: advice on new budget and possible home purchase
Replies: 8
Views: 678

Re: advice on new budget and possible home purchase

OP I would echo that you have a lot of debt, but also a great income. What do you both do, and how stable are your jobs? 1 - For the loan forgiveness, I would pay what needs to be paid, but also save for what you think will be the difference... the rationale, is I assume you are tied to an employer ...
by dpusa
Tue Feb 25, 2014 4:18 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Roth IRA & Retirement Strategies
Replies: 12
Views: 1541

Re: Help with Roth IRA & Retirement Strategies

Thanks all... Her Rollover IRA ($94,831) is a rollover from a previous 401k, so it is all pre-tax contributions. Her current employers 401k plan does allow for Rollover IRAs to be rolled in... if this is the case then I assume there is no tax associated to it correct? Now, for her Traditional IRA ($...
by dpusa
Tue Feb 25, 2014 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Help set priorities for young family
Replies: 4
Views: 533

Re: Help set priorities for young family

[/quote]

I would knock down some debt first and be sure you are going to like the new digs/area first by renting for a year or two. Seen one to many people move for a job and come back in a year or two.[/quote]

+1 - Debt reduction is key before you buy a house...
by dpusa
Tue Feb 25, 2014 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Help set priorities for young family
Replies: 4
Views: 533

Re: Help set priorities for young family

Based on what you have said, I would wait at least a year in your new location before you buy a place. That will help you settle down in terms of where in your new location and also your wifes career too. I would have at least 6 months of emergency funds too and include your expected rent, childcare...
by dpusa
Tue Feb 18, 2014 10:24 am
Forum: Investing - Help with Personal Investments
Topic: Help with Roth IRA & Retirement Strategies
Replies: 12
Views: 1541

Re: Help with Roth IRA & Retirement Strategies

Sorry all, one follow up question. I think I am starting to have my ducks in a row. I have a few more questions: 1. a) For my traditional IRA, I have worked out I have a cost basis of about $23,000 so with its value being $27,569. Am I right in thinking as part of the conversion I would owe taxes on...
by dpusa
Wed Feb 12, 2014 3:05 pm
Forum: Investing - Help with Personal Investments
Topic: 26 and new to this. Please help!
Replies: 2
Views: 447

Re: 26 and new to this. Please help!

Apple I would agree that put enough in your 401K that y lou get the match. In addition, how much will the home be that you are looking to buy and how much have you saved already, or is that part of the $52k Emergency Fund? You are in a great position with no debt; if you can afford to, I would buy a...
by dpusa
Fri Feb 07, 2014 8:41 am
Forum: Investing - Help with Personal Investments
Topic: Help with Roth IRA & Retirement Strategies
Replies: 12
Views: 1541

Re: Help with Roth IRA & Retirement Strategies

Your Traditional IRAs have IRA basis due to non-deductible contributions. His and Her IRA basis should have been tracked in His/Her form 8606 each year. Please look in your 2012 tax return for Form 8606. If you've been making non-deductible contributions for many years and not done any withdrawals ...
by dpusa
Thu Feb 06, 2014 3:37 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Roth IRA & Retirement Strategies
Replies: 12
Views: 1541

Re: Help with Roth IRA & Retirement Strategies

HouseStark - agree my contributions where non-deductible!
by dpusa
Thu Feb 06, 2014 8:22 am
Forum: Investing - Help with Personal Investments
Topic: Help with Roth IRA & Retirement Strategies
Replies: 12
Views: 1541

Help with Roth IRA & Retirement Strategies

All, We have started to read the Bogleheads Guide to Investment, however we are still confused about strategies for retirement. Particularly as we think about whether we should or not do Back door ROTH IRAs. We have a number of accounts, and think its a bit of a jumbled mess and thought I would ask ...
by dpusa
Thu Jan 30, 2014 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Sell my financed luxury car to free up cash?
Replies: 18
Views: 2426

Re: Sell my financed luxury car to free up cash?

Eric

I think its ok to have had fun so dont beat yourself up over it. Personally, I would sell it and move on...
by dpusa
Wed Jan 29, 2014 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Trip to London
Replies: 13
Views: 1006

Re: Trip to London

As someone who lived in London, I think Location is absolutely key if you are there for 2 weeks. Staying in central London (Zone 1 on the Tube) is ideal (if budget allows it) and will save you a lot on transportation costs and reduce the need for a car etc. Also utilize lastminute.com for tickets, r...
by dpusa
Tue Jan 28, 2014 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage, New Budget: Are We Saving Enough?
Replies: 11
Views: 2247

Re: Marriage, New Budget: Are We Saving Enough?

Overall, I think you are doing great. I think benchmarks are always good and if it helps my wife and I have the same issue that we feel we arent saving enough. We are older, (both mid 30s) and we have two kids and save about 21% of our gross wage (401k, tIRA, Brokerage) or 29% if you add in mortgage...
by dpusa
Mon Jan 27, 2014 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: [Need help finding health insurance in CA]
Replies: 54
Views: 3078

Re: Most expensive health insurance & no doctors accept it?

That is strange a PPO is not accepted. Where I am its the HMO and Kaiser EMO plans that seem to have so much issue. Have you looked at the providers website for covered in network docs?
by dpusa
Tue Jan 21, 2014 10:00 am
Forum: Investing - Help with Personal Investments
Topic: Evaluate my finances. Young guy.
Replies: 77
Views: 10266

Re: Evaluate my finances. Young guy.

It seems odd to be investing money that you owe to a close relative. I would repay the debt immediately. Also investing with credit cards or balance transfers is not likely to be recommended here. You did well investing with debt, it was risky and paid off. Why not be debt free now and ahead 100k i...
by dpusa
Fri Dec 13, 2013 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Poll - Savings as a % of current consumption
Replies: 24
Views: 2213

Re: Poll - Savings as a % of current consumption

No amount of separation is going to obscure the fact that rich people can save more, invest more, etc. These polls *might* be more useful/intriguing if they were broken down by income level, marital status, cost of living in your area, how many kids you have, etc. Pretty tedious sounding but maybe ...
by dpusa
Fri Dec 13, 2013 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Poll - Savings as a % of current consumption
Replies: 24
Views: 2213

Re: Poll - Savings as a % of current consumption

I guess I took it a different way; I assumed $1 net take home and if I saved 48 cents of it; it would be 46% savings rate. I back filled for 401k and converted the amount I would save if the $17500 a year was taxed and I then had to save the remainder. Based on that; my rate is 31% if I exclude mort...
by dpusa
Sat Nov 23, 2013 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Deferred Comp Plan
Replies: 4
Views: 497

Re: Deferred Comp Plan

Thank you... some good food for thought. Perhaps a good strategy is one year in, and one year out?
by dpusa
Sat Nov 23, 2013 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Deferred Comp Plan
Replies: 4
Views: 497

Deferred Comp Plan

All, I have a question about deferred comp plans as it in enrollment time and we are eligible this year.. Apologies, if I dont have all of the info needed, let me know if the experts need more :) Ages: 36 and 36 Me: Salary $185k (Current retirement balance $255k) Wife: Salary $140k (Current retireme...
by dpusa
Mon Aug 19, 2013 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Poll: Retirement savings by mid 30s?
Replies: 35
Views: 6589

Re: Poll: Retirement savings by mid 30s?

All,

Thank you for the comments. I did not mean to offend anyone. I was definitely not using this thread to brag, just level set how I am doing against others in this community as I know people here are focused on good financial baselines.
by dpusa
Mon Aug 19, 2013 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Poll: Retirement savings by mid 30s?
Replies: 35
Views: 6589

Re: Poll: Retirement savings by mid 30s?

MrMiyagi wrote:50-100k age 32

Maybe you should specify that the poll is for your individual (rather than combined with spouse)?


Good point... done...

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