Search found 11 matches

by heanbean
Thu Apr 20, 2017 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Dedicating your bonus to something
Replies: 30
Views: 3182

Re: Dedicating your bonus to something

Yes, I would agree that it's best to proceed as if bonus would not happen and LBYM. I have been doing this for past ten years, so bonus (20% of annual pay) is fully dedicated to a financial purpose rather than increase in lifestyle. After 401k & taxes are withheld it's usually only ~ 60% take h...
by heanbean
Thu Apr 20, 2017 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Dedicating your bonus to something
Replies: 30
Views: 3182

Re: Dedicating your bonus to something

I posed this question to a group of friends and they all had their (potential) bonus earmarked for something (we're in our early 30s). It's funny (but understandable) how that differs from views here.
by heanbean
Wed Apr 19, 2017 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Dedicating your bonus to something
Replies: 30
Views: 3182

Re: Dedicating your bonus to something

I haven't achieved BH status but I'll reply. I think putting the bonus towards the mortgage is a good idea. That's what I did and I paid my mortgage off a year ago. The bonuses helped but I really attacked the mortgage year round and had excess savings sitting in cash. This year I invested my bonus...
by heanbean
Wed Apr 19, 2017 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Dedicating your bonus to something
Replies: 30
Views: 3182

Dedicating your bonus to something

I work in a field where my bonus is not "guaranteed" so I approach planning, saving, etc. as if I won't receive it. Anyone else do the same and buy something special, go somewhere or do something in particular ONLY if they get a bonus? I'm thinking of putting half of all future bonuses dir...
by heanbean
Tue Apr 18, 2017 6:11 pm
Forum: Personal Consumer Issues
Topic: Advice for someone new to Management Consulting
Replies: 6
Views: 981

Re: Advice for someone new to Management Consulting

Have you read Carnegie's How to Win Friends and Influence People? If not, get it immediately. It should be mandatory reading for all consultants.
by heanbean
Fri Apr 07, 2017 9:56 am
Forum: Investing - Theory, News & General
Topic: A time to EVALUATE your jitters
Replies: 205
Views: 110700

Re: A time to EVALUATE your jitters

What an excellent read!
by heanbean
Wed Apr 05, 2017 4:31 pm
Forum: Investing - Help with Personal Investments
Topic: Muni Bonds in a Taxable Account
Replies: 14
Views: 1660

Re: Muni Bonds in a Taxable Account

But this follow up question is probably most important: if I have the risk tolerance to have a 85% / 15% split in stocks vs. bonds, should I carry that split across all of my platforms? As a matter of principle, no. Best to take maximum advantage of what each account can offer (that extends to both...
by heanbean
Wed Apr 05, 2017 3:52 pm
Forum: Investing - Help with Personal Investments
Topic: Muni Bonds in a Taxable Account
Replies: 14
Views: 1660

Re: Muni Bonds in a Taxable Account

retiredjg wrote:If "options house" means saving for a down payment, a high stock allocation is probably not appropriate unless the house is at least 10 or 15 years away.


I'm sorry. Optionshouse.com is the online brokerage account (like etrade, scottrade, etc)
by heanbean
Wed Apr 05, 2017 3:12 pm
Forum: Investing - Help with Personal Investments
Topic: Muni Bonds in a Taxable Account
Replies: 14
Views: 1660

Re: Muni Bonds in a Taxable Account

All, I appreciate the responses. I will do a bit of research on your suggestions and come back if I have further questions. As retiredjg said, I may be asking too many questions in one topic. But this follow up question is probably most important: if I have the risk tolerance to have a 85% / 15% spl...
by heanbean
Wed Apr 05, 2017 12:23 pm
Forum: Investing - Help with Personal Investments
Topic: Muni Bonds in a Taxable Account
Replies: 14
Views: 1660

Re: Muni Bonds in a Taxable Account

Best to look at your portfolio as a whole. Can you place bonds in tax-deferred space? I see nothing wrong with your taxable account but do not have the whole picture. We have Int-Term Tax-Exempt bonds in taxable. In the 25% or higher tax bracket, it comes out pretty even with taxable bonds in tax-s...
by heanbean
Wed Apr 05, 2017 11:28 am
Forum: Investing - Help with Personal Investments
Topic: Muni Bonds in a Taxable Account
Replies: 14
Views: 1660

Muni Bonds in a Taxable Account

I've been a lurker here for a while - and I've read through both (amazing) Boglehead books - but this is my first thread / post. My wife and I are both in our early thirties. We have a pretty solid strategy for retirement, following many of the principles laid out on here. I recently opened up a tax...