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kappy

I had stopped at Lay-Z-Boy this past weekend. Spent 15 minutes with a guy who showed me a few models and concluded that I didn't fit well in anything. He was right. My current sofa is a Lay-Z-Boy which I bought for $500 used from a person at work. It was never really comfortable but I was young, che...

kappy

Reviving this thread for the 2018 edition. After a couple days of going to the local furniture stores, I've only found couple sofa's the I sorta fit in. By sorta, I mean they are soft enough that my upper back pushes the upper portion of the cushion back instead of it pushing my upper back forward. ...

kappy

30-35 minutes is where I've landed in my last couple employers. I did do a year and a half of 55 mile/1-1.5 hr each way when I switched jobs before moving. That got tiring after a couple months. By the end, I couldn't wait to move. I've found that I am much more willing to drive longer if there is l...

kappy

I'll agree that internships/coop's are very much worth it when it comes to getting experience and finding a job. Also, finding a club or organization that provides extra curricular practical engineering experience provides some excellent talking points in a job interview. I will say that a student f...

kappy

My monthly expenses are a $1600 mortgage and $1500-2000 in other bills. I generally try to keep $5000 in checking. If it gets down around $3000, I'll add to it and when it gets above $7000 or so, I'll pull money out.

kappy

I moved most of my Ally savings to Prime MM when it crossed 1.5%. Once it passes 1.75%, I'll be cashing in a no-penalty CD and moving it over.

kappy

Use them to offset gains when you sell something else. That's what I did with a small amount that I held from a few years ago.

kappy

I've been on both sides of this and agree that you should leave. If your company makes a counteroffer, it's likely going to be less than you've been offered and you'll probably be stuck with low or no raises going forward. Taking the new job and not burning bridges at your current employer allows yo...

kappy

Ok, I see that. TT seems to want to generate an 1116 either way. It's including my local property tax in the form. If I hit "skip foreign tax credit", it credits me the $2 and doesn't ask for foreign tax paid but if I go into forms, the 1116 is still there with a few fields filled out. If I hit "con...

kappy

Ok I was able to get into the forms. My 1099-DIV box 6 is correctly showing $2.44. 6a is not checked 6b is blank 6c is forcing me to put an "X" by A, B, or C. It is currently on A. 6d is blank Box 7 says "RIC" as the country and there's an "X" next to the ticker asking if it is from a mutual fund. I...

kappy

Hmm interesting. It's TT Deluxe for Mac. I'll try switching to form mode.

kappy

Ace, I did use RIC. I was under the impression that I did not need to complete a 1116 since it was under $300. Huey, TT says that with the $2.44 entered in line 6, I need to either claim it as an itemized deduction or a foreign tax credit. The itemized deduction gives $2 less back to me than the for...

kappy

Hi all, this is my first year with WVO (Emerging Markets) in my taxable account. I paid a whopping $2.44 in foreign tax and I'm trying to figure out how to handle the foreign tax credit in Turbotax. I'm really using this as a learning experience in taking the tax credit as opposed to taking it as an...

kappy

Well darn, I misunderstood the 30 day prior statement too and missed an opportunity to TLH for the first time

. I didn't realize that all I needed to do was sell all shares bought within the last 30 days. Maybe it'll drop again next week and give me a chance

kappy

I performed my first Mega Backdoor Roth this year. My employer automatically switched my pre-tax 401k contributions to post-tax once I hit the limit. Then in January, I called Fidelity (my 401k provider) and said I would like to take an in-service distribution and roll it into a Roth IRA. They helpe...

kappy

I replaced my 10 year old Sony with an LG OLED 65B7A late last year. Great TV but they do have issues with yellow areas on the screen when certain colors are being displayed. Mine has a couple inch band on the left side of the screen that is noticeable when displaying off white colors like snow. I'v...

kappy

Great! Thanks.

kappy

Quick question about Prime MM... does interest accrue daily? I know it pays out monthly but is it accruing daily?

kappy

I still hold some in Ally but I moved most of my online savings account to PMM a couple weeks ago.

kappy

For me over the past 8 years: Low merit increase: 1.75% High merit increase (not including promotion): 3.1% Promotion adds 3-5% in top Changing companies in same COL area: priceless (~20%) In my industry, you can't keep up with inflation unless you move around. High performers are getting 3-4% raises.

kappy

I went with the double cash card a couple weeks ago. I did have to try a few times activating it online but I was able to add it to ApplePay quickly and set up my bank account to receive ebills from them without hitch. I've been using it almost exclusively since I received it and have not had any is...

kappy

Ah, that makes sense. Thanks!

kappy

All my Vanguard accounts are using the Federal Money Market fund as their settlement fund. How does one change the settlement fund to Prime Money Market? It seems like it should be a simple answer but I have found zero info on it while searching. Thanks!

kappy

kappy wrote: ↑
Wed Feb 07, 2018 8:22 pm
Emerging markets made it back down to where it was during the big dip Monday so I put a little more in taxable. Which probably means it'll drop 10% tomorrow

Yep, what did I say... well maybe not 10% but another sizable drop.

I bought some more.

kappy

Emerging markets made it back down to where it was during the big dip Monday so I put a little more in taxable. Which probably means it'll drop 10% tomorrow

kappy

I'd have loved it if grandpa had given me $100 of S&P 500 instead of EE bonds

kappy

I was able to place a buy order of VTSAX right after 3pm today from my iPhone app. When was it down?

kappy

I put a buy order in for VTSAX before the close. Couldn't help myself

. If it continues to drop, I'll buy more

kappy

I bumped up my monthly DCA of house-sale funds by a day and put another $10k into TSM in taxable. For the record, I would have been much better off (so far) if I had lump summed it but I am sticking to my monthly DCA plan.

kappy

As an engineer, it's extremely useful. I'm not someone who goes in to update my profile every month but I'll update it maybe once a year and keep it current. I let mine read like a resume with maybe a little more detail as you're not limited on length. I probably get one email a week from a head hun...

kappy

Good timing for this question to pop up. I'm in a somewhat similar position with Fidelity. I mega backdoor'd around $1500 into a newly set up Roth IRA and realized the minimum investments on their mutual funds were $2500. I completely forgot about their commission free ETF's so ITOT sounds like a wi...

kappy

In part, it depends on your willingness to work longer if you don't quite have enough to retire at 50. I'm a few years your elder but with similar objectives. My goal is to be financially independent by 50 in case the job market tanks or I need to get out of megacorp life but I plan to retire comfor...

kappy

Ally savings account up is up to 1.35% now.

kappy

Thanks! I was able to get it done today and everything went smoothly.

kappy

I'm getting ready to perform my first mega backdoor roth and want to make sure I understand the process. I ended up with about $1400 in post-tax 401k contributions this year after I hit the $18k pre-tax limit. My understanding is that I'm rolling over the post tax funds into a Roth IRA while paying ...

kappy

I guess they make it harder when you don't have a savings account through them. I opened up several 11 month no penalty CD's and a 12 month hi yield CD throughout the month of December. Each was opened and funded from my Ally savings account in about 5 minutes using the web interface. The funds imme...

kappy

My 2050 fund with Fidelity is .8% bonds and 6.5% cash. IIRC the Voya equivalent fund was about 5% cash.

kappy

I've contemplated doing the same thing. Possible downsides are changes to Roth rules and needing to wait until 59 1/2 to withdraw.

kappy

Early 30's here and I took the opportunity to rebalance my 6% bonds up to 10%. It'll be back down to single digits soon as I'm DCA-ing the proceeds of the sale of my first house into VTI in taxable. I am likely biased here, but it actually shocks me that someone would put their cold hard cash into ...

kappy

Early 30's here and I took the opportunity to rebalance my 6% bonds up to 10%. It'll be back down to single digits soon as I'm DCA-ing the proceeds of the sale of my first house into VTI in taxable.

kappy

I built SS into my targeting. Expected SS to provide 25-30% of income in retirement. So any formula such as Desired Ann Income/.035 would need to be adjusted. For example if your target annual income is $150K and your SS is $50K per year, you would need to reach 100000/.035= $2.8 million, not $4.3 ...

kappy

Dang, I opened a no penalty CD the day they bumped it up to 1.6%. Time to give them a call and see if they'll upgrade it without me having to close the CD.

kappy

I hit 18k the first week of December. I realized my paystub correctly reflects hitting the max and the rest going into post tax but Fidelity somehow allowed all that money to go into my pre-tax 401k. Still waiting for a call back from them letting me know how they are correcting the situation :oops:

kappy

Yes, rooms on the west and south sides get warmer during the day. Wood frame houses will cool quickly when the sun goes down and concrete block will retain the heat into the night (but heat up slower during the day). It could be an issue in the summer with a weak A/C but I wouldn't worry about it in...

kappy

It sounds like you have enough now if you sell your house. If you don't have that much "stuff" and depending what your toy is, could you put your things in storage, sell now, rent for a while, and have cash in hand for a downpayment? It sounds like you will be selling your current house in a few yea...

kappy

Not sure your credit rating but 4.375% for a 30 yr is a bit high but 3.75% for a 15 yr is HIGH. I refi'd last month with Sebonic at 3.12% APR for a 15yr. Closing costs were around $4700 for a $190k loan including the escrow. I'd shop around a bit on Zillow.

kappy

I made my first foray into investing by putting a couple grand in AAPL back when the iPod was getting big. I rode it up to 700, down to 350, then back up again. I found Bogleheads a couple years ago and realized how risky it was to hold most of my portfolio in one company. I began selling last year ...

kappy

Ok, I see where your numbers are coming from now. I've been using PITI instead of PI so my payment for the 30yr mortgage is $1275. Anyway, It looks like I had two issues. First, I was double dipping the interest on the mortgage. I was subtracting interest paid from the total but in reality, it's alr...

kappy

marklar13 wrote: ↑
Mon Oct 16, 2017 12:26 pm

After 15 years...

2. Pay off mortgage

No mortgage

Nothing invested to start with (used to pay mortgage)

2k/mnth invested for 15 years@5% = $45,314.98

Total = $45,314.98

Are you sure you didn’t miss a zero? $2k per month for 15 years with 0% return is $360k

kappy

I’ll try to put it into a google spreadsheet. It’s in excel right now. This is why I wanted to ask the question. It seems wrong but I’ve never really compared dumping $120k into the market today with small contributions moving forward vs starting at zero but adding $2k a month.

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