Search found 207 matches

by miamivice
Tue Nov 29, 2016 10:22 am
Forum: Investing - Help with Personal Investments
Topic: 529 Plans
Replies: 5
Views: 573

Re: 529 Plans

I'm pro-529. From my calculations, they are an excellent way to pay for college and skip paying taxes. To answer your question, the grandparents should open a 529 with their name listed as the beneficiary. Then at what point they decide to pay for the grandchildren's education (keeping in mind that ...
by miamivice
Tue Nov 29, 2016 9:41 am
Forum: Investing - Help with Personal Investments
Topic: What should the target amount to save up for college be?
Replies: 13
Views: 1459

Re: What should the target amount to save up for college be?

Here is what I did. Two kids, ages 6 and 2. When my wife was pregnant with each child, I set aside a sum of money (put into 529) that I expected would grow into a value about 75% of the cost of college. The remaining 25% I figured would be skin in the game for my kids. To figure this amount, I took ...
by miamivice
Tue Nov 29, 2016 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Does your employer pay for continuing education?
Replies: 27
Views: 1289

Does your employer pay for continuing education?

Out of curiosity, how many of you have employers that actually pay for continuing education (i.e., college classes)? Is it a "paper program" (meaning they have a policy for it but never fund it) or can you actually go take classes and have them pay for them? Manager approval required? Are ...
by miamivice
Tue Nov 22, 2016 9:27 am
Forum: Personal Finance (Not Investing)
Topic: What rate do you figure for yearly college inflation?
Replies: 7
Views: 497

What rate do you figure for yearly college inflation?

What rate do you use in your calculations for the annual increase of college education? I have used 6% in my calculations, as this is often quoted as the average inflation of college tuition. A few months ago, I realized that room and board, which may be a large portion of a budget or a small portio...
by miamivice
Mon Nov 21, 2016 1:38 pm
Forum: Personal Consumer Issues
Topic: Bowling alley in the basement
Replies: 30
Views: 2783

Bowling alley in the basement

Have you ever thought about putting a bowling alley in your basement? Do you know anyone that has done so?

I would be curious on how much it cost, how bad the maintenance is, and any other comments if someone here has done this or known someone who has.
by miamivice
Sun Nov 20, 2016 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Do you track your net worth? How long have you done so?
Replies: 110
Views: 7670

Do you track your net worth? How long have you done so?

I started tracking my net worth about 11 years ago, when I was out of college by a few months. The idea popped in my head at work when they were talking about budgets and it seemed like a good idea. I've been pretty consistent about it, trying to do it once a month. I've tracked my net worth 96 time...
by miamivice
Fri Nov 18, 2016 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Would you buy a house for your college kid?
Replies: 46
Views: 3672

Would you buy a house for your college kid?

When I was in college, there was one student whom I knew whose parents decided to buy a house for them. The plan was the parents would buy the house. The student would like in the house for 3-4 years while in college and rent out rooms to friends, etc, and then the parents would sell the house after...
by miamivice
Sat Nov 12, 2016 3:16 pm
Forum: Investing - Help with Personal Investments
Topic: Is Vanguard's website down
Replies: 10
Views: 751

Re: Is Vanguard's website down

There is a neat website http://downforeveryoneorjustme.com/ that lets you check to see if a website is down for everyone.

Vanguard is up right now.
by miamivice
Sat Nov 12, 2016 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Valuation of Donated Items
Replies: 9
Views: 617

Re: Valuation of Donated Items

There is a website called itsdeductible.com. You can input goods and the value automatically populated based on the condition. Then if you use TurboTax for taxes, it will automatically input the items into TurboTax. Real convenient. No charge for itsdeductible, but TurboTax is generally not free to ...
by miamivice
Sat Nov 12, 2016 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Go part time number
Replies: 63
Views: 6016

Re: Go part time number

To me, it doesn't make sense to go part time. I enjoy working and would rather either work full time or be retired. I've known some people who have gone part time and it seems they are just as tied down as working full time but with half (or less) pay. Just my opinion.
by miamivice
Sat Nov 12, 2016 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard 20 year personal performance?
Replies: 6
Views: 889

Re: Vanguard 20 year personal performance?

Though it might satisfy curiosity, I don't think 20 year performance is relevant to anything going on today. Things and times change. I like the rolling 5-year trend for my conservative planning. I like the Vanguard personal performance information because it shows how much I have made in the stock...
by miamivice
Sat Nov 12, 2016 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard 20 year personal performance?
Replies: 6
Views: 889

Re: Vanguard 20 year personal performance?

I believe you can go to Morningstar and enter a custom date range: http://www.morningstar.com/funds/xnas/vfiax/quote.html Index 500 and I can insert any start date on performance chart. To clarify, I'm looking for personal performance rather. I dollar cost average my investments (invest regularly o...
by miamivice
Sat Nov 12, 2016 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard 20 year personal performance?
Replies: 6
Views: 889

Vanguard 20 year personal performance?

I'm wondering if anyone knows if Vanguard has any plans to lengthen it's time period of personal performance from it's current 10 years to 15 or 20 years. I've used Vanguard for 13 years now but can only see back as far as 10 years for personal portfolio performance. It's fine so far, but soon it'll...
by miamivice
Thu Nov 10, 2016 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Would a Computer Science certificate benefit my career?
Replies: 29
Views: 1813

Re: Would a Computer Science certificate benefit my career?

…While I'm really happy with the job that I have now, I am thinking it might be time for a career change in 5 years, and I am thinking computer science might be the next step in my journey… …The program is free (paid for by my employer). I haven't done much programming…. Since you haven’t done much...
by miamivice
Thu Nov 10, 2016 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Home shopping, Potential roof leaking despite new roof
Replies: 22
Views: 1320

Re: Home shopping, Potential roof leaking despite new roof

All real estate agents work for the seller (the seller pays both agents in typical transactions). People work for the person who forks over the money.
by miamivice
Thu Nov 10, 2016 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Would a Computer Science certificate benefit my career?
Replies: 29
Views: 1813

Re: Would a Computer Science certificate benefit my career?

Certifications are generally considered worthless in the software field but the fact that it's from Stanford may carry some weight. But it wouldn't really differentiate you from any other self-taught programmer IMO. How expensive is it? Are you already a decent programmer? The program is free (paid...
by miamivice
Thu Nov 10, 2016 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Home shopping, Potential roof leaking despite new roof
Replies: 22
Views: 1320

Re: Home shopping, Potential roof leaking despite new roof

Check into how transferable the warranty is. The full warranty probably won't transfer but a portion is.

Honestly, I'd walk away and buy a house that didn't have indications of water damage.
by miamivice
Thu Nov 10, 2016 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Would a Computer Science certificate benefit my career?
Replies: 29
Views: 1813

Re: Would a Computer Science certificate benefit my career?

OP, 1) What area of computer science that you are looking at? Robotic? IoT? 2) In 5 years, you are older. So, why would someone hire an older and more expensive person like you to do programming when they have cheaper, younger, and more experienced computer science graduate to pick from? KlangFool ...
by miamivice
Thu Nov 10, 2016 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Would a Computer Science certificate benefit my career?
Replies: 29
Views: 1813

Would a Computer Science certificate benefit my career?

I'm considering enrolling in a Computer Science graduate certificate program from Stanford. If I pursue this, I will need to complete between 4 and 6 (20 to 30 credits) of coursework of computer science courses. I'm wondering if this would be of benefit to my career. I'm currently employed by a mega...
by miamivice
Tue Nov 08, 2016 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: What 529 plan are TX residents using?
Replies: 46
Views: 1964

Re: What 529 plan are TX residents using?

I'm honestly not nearly smart enough. I'm not intelligent enough to know how I can get tax free growth inside a taxable account.

However, I'm in full agreement that getting tax free growth inside a taxable account is preferable to a 529, since there are no spending restrictions on a taxable account.
by miamivice
Tue Nov 08, 2016 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: What 529 plan are TX residents using?
Replies: 46
Views: 1964

Re: What 529 plan are TX residents using?

In KlangFools defense, I don't believe he is anti-529...he has just pointed out that you are better off maxing out better tax-advantage accounts first. Also, your last statement is false for most people...including me. Many people have tried to explain that to you but for some reason you keep ignor...
by miamivice
Tue Nov 08, 2016 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: FSA for childcare -- worth it? Issues?
Replies: 7
Views: 493

Re: FSA for childcare -- worth it? Issues?

I assume your spouse works?

The preschool can only be paid for via FSA if both parents are working. (Some exemptions regarding when one parent is actively looking for work (childcare during interviews only) or going to school).
by miamivice
Tue Nov 08, 2016 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: What 529 plan are TX residents using?
Replies: 46
Views: 1964

Re: What 529 plan are TX residents using?

The other thing I'll say is I object to the concept that one needs to max out retirement accounts before saving for college. I think one needs to save adequately for retirement before saving for college. I don't see the need to oversave for retirement just because you can. What do I mean by oversave...
by miamivice
Tue Nov 08, 2016 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: What 529 plan are TX residents using?
Replies: 46
Views: 1964

Re: What 529 plan are TX residents using?

I've been late at this but need to get college savings started for my little ones. For residents of TX, what plan are you using for the 529? Oldest is still in elementary. I will likely seed with ~$40-50k and then make monthly payments (at an undetermined value as of yet). new2bogle, 1) Do you max ...
by miamivice
Tue Nov 08, 2016 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Safe Deposit Box Fee (Bank of America)
Replies: 19
Views: 1783

Re: Safe Deposit Box Fee (Bank of America)

What's a safety deposit box for?
by miamivice
Tue Nov 08, 2016 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for kids college
Replies: 55
Views: 3295

Re: Paying for kids college

I really don't care that we'll giving up the tax advantages of a 529, there are inherent risks to it as well (especially if they decide not to go to college) and we'll likely just be doing this out of cash flow anyways. I see a lot of people worry about 529's and their kid not going to college. The...
by miamivice
Tue Nov 08, 2016 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for kids college
Replies: 55
Views: 3295

Re: Paying for kids college

I have diligently saved for my 2 boys school and have openly shared with them how much I have saved and how I started saving for them 6 months before they were even born. Giving $ to my kids for education and not deceiving them is important. I've shown them the power of compounding interest....I sh...
by miamivice
Tue Nov 08, 2016 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for kids college
Replies: 55
Views: 3295

Re: Paying for kids college

Miamivice, A typical American household income is around 60K. So, it is perfectly reasonable for a family to have an annual expense of 40K if they do not keep up with the Jones. So, a household with an annual income of 120K to 150K could potentially save that amount of money. An engineer could make...
by miamivice
Tue Nov 08, 2016 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Paying for kids college
Replies: 55
Views: 3295

Re: Paying for kids college

Miamivice, A typical American household income is around 60K. So, it is perfectly reasonable for a family to have an annual expense of 40K if they do not keep up with the Jones. So, a household with an annual income of 120K to 150K could potentially save that amount of money. An engineer could make...
by miamivice
Tue Nov 08, 2016 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Paying for kids college
Replies: 55
Views: 3295

Re: Paying for kids college

You pay taxes when you withdraw your 401k money. miamivice, I don't. My portfolio is 45/45/10 (401K/Taxable/Roth). I save enough that I could do Roth conversion at 0% for many years while I spend from taxable and Roth account. KlangFool What is the total size of your portfolio? It is very hard to c...
by miamivice
Tue Nov 08, 2016 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Paying for kids college
Replies: 55
Views: 3295

Re: Paying for kids college

I have diligently saved for my 2 boys school and have openly shared with them how much I have saved and how I started saving for them 6 months before they were even born. Giving $ to my kids for education and not deceiving them is important. I've shown them the power of compounding interest....I sh...
by miamivice
Tue Nov 08, 2016 11:30 am
Forum: Personal Finance (Not Investing)
Topic: What 529 plan are TX residents using?
Replies: 46
Views: 1964

Re: What 529 plan are TX residents using?

I've been late at this but need to get college savings started for my little ones. For residents of TX, what plan are you using for the 529? Oldest is still in elementary. I will likely seed with ~$40-50k and then make monthly payments (at an undetermined value as of yet). new2bogle, 1) Do you max ...
by miamivice
Tue Nov 08, 2016 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Paying for kids college
Replies: 55
Views: 3295

Re: Paying for kids college

It's still a risk. If you still have tax-advantaged space through 401k, HSA, IRA(which the HUGE majority of households do) then that risk is further compounded. You have to keep that in mind, outside of this board a very minute percentage of families (and most simply can not) use all their tax-adva...
by miamivice
Tue Nov 08, 2016 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Paying for kids college
Replies: 55
Views: 3295

Re: Paying for kids college

I really don't care that we'll giving up the tax advantages of a 529, there are inherent risks to it as well (especially if they decide not to go to college) and we'll likely just be doing this out of cash flow anyways. I see a lot of people worry about 529's and their kid not going to college. The...
by miamivice
Tue Nov 08, 2016 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Paying for kids college
Replies: 55
Views: 3295

Re: Paying for kids college

Dear BH, Father of a 3 yo and 1 yo. Trying to save money for children's college education. I understand benefits of tax advantaged saving in 529. My question is this, has anyone taken the approach to save money in a high yield saving account or bonds fund and not tell their kids they had a college ...
by miamivice
Mon Oct 24, 2016 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford a new (used) car?
Replies: 24
Views: 1896

Re: Can I afford a new (used) car?

I'm curious…if you only have $600/month left after your regular expenses and retirement savings, how have you accumulated >$1M at age 37? Combination of things: Overtime. DINK (Dual income no kids) for a number of years. Sold previous house at a tidy profit. Unrealized gain in current house. Now we...
by miamivice
Mon Oct 24, 2016 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford a new (used) car?
Replies: 24
Views: 1896

Re: Can I afford a new (used) car?

Is he asking if he can afford a new (used) car........ or yacht? Is this a humblebrag ?? Sorry if I am wrong! I think he is trying to live within his current income level; not wanting to touch what he has saved/invested. when I buy a vehicle I figure out how much I want my monthly payment to be, th...
by miamivice
Mon Oct 24, 2016 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford a new (used) car?
Replies: 24
Views: 1896

Re: Can I afford a new (used) car?

No, this isn't intended to be a humblebrag. It's a statement of facts, and the question that I wrestle with. How much car can I afford. The $600 a month in net taxable savings each month is much, much smaller than I'm comfortable with. It doesn't take much to spend a year's worth of taxable savings,...
by miamivice
Sun Oct 23, 2016 1:06 pm
Forum: Investing - Help with Personal Investments
Topic: retirement account for adult children??
Replies: 11
Views: 753

Re: retirement account for adult children??

I believe that you can gift money to your kids and hope that they put it into retirement, but you cannot directly fund their retirement. The money is theirs and they can withdraw contributions (perhaps paying penalities, depending on the vehicle) at any time of their own choosing. A better plan wou...
by miamivice
Sun Oct 23, 2016 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Financial Planner - Spouse has no interest in investments
Replies: 43
Views: 3433

Re: Financial Planner - Spouse has no interest in investments

Just out of curiosity, couldn't you put all of your 700k into two funds, Vanguard Total Stock Market Index and Vanguard Bond Fund (not the exact name, but they have a general bond fund, and tell your wife that she can spend 4% of the amount that is in the two combined funds for the rest of her life,...
by miamivice
Sun Oct 23, 2016 9:08 am
Forum: Investing - Help with Personal Investments
Topic: retirement account for adult children??
Replies: 11
Views: 753

Re: retirement account for adult children??

Wasn't aware of how the basis changed as the inheritance transitions.

Based on the posters above, I agree that a taxable account held in your name, with the intent to give it to the children, would make sense.
by miamivice
Sun Oct 23, 2016 8:57 am
Forum: Investing - Help with Personal Investments
Topic: retirement account for adult children??
Replies: 11
Views: 753

Re: retirement account for adult children??

I believe that you can gift money to your kids and hope that they put it into retirement, but you cannot directly fund their retirement. The money is theirs and they can withdraw contributions (perhaps paying penalities, depending on the vehicle) at any time of their own choosing. A better plan woul...
by miamivice
Sun Oct 23, 2016 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford a new (used) car?
Replies: 24
Views: 1896

Can I afford a new (used) car?

My current car appears to be nearing end of life....and has been a constant maintenance headache. I'm trying to figure out the budget for my replacement car as well as a fix-or-replace decision. Curious for the Boglehead opinion from a financial perspective. Age - 37 Assets Net worth - ~$1.6 million...
by miamivice
Mon Oct 17, 2016 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Why is college savings compared to retirement?
Replies: 62
Views: 3985

Re: Why is college savings compared to retirement?

Thanks all. My question has been answered, and no further replies are necessary.
by miamivice
Mon Oct 17, 2016 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Does it financially make sense to pursue an additional degree?
Replies: 10
Views: 1064

Does it financially make sense to pursue an additional degree?

I currently hold a MS & BS in Mechanical Engineering, and have done very well the last four or five years, averaging between $120k and $150k a year. I am considering pursuing a PhD in Mechanical Engineering. It would cost me very little to obtain the PhD in terms of dollars. My contribution woul...
by miamivice
Mon Oct 17, 2016 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Why is college savings compared to retirement?
Replies: 62
Views: 3985

Re: Why is college savings compared to retirement?

To be fair, somebody who is in a position to plunk down $30K at the birth of a child is already in excellent financial position. More likely, it would be trivial for that person to cash flow the college assuming his financial situation continues to remain similar or get better over the next 18 year...
by miamivice
Fri Oct 14, 2016 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Why is college savings compared to retirement?
Replies: 62
Views: 3985

Re: Why is college savings compared to retirement?

How do you reach $250K in 529 account starting with $30K? What historical rate of return is being assumed here? Why the numbers are not being challenged? My mistake. 1/4 million is cost of college for both of my kids, and I set aside ~30,000 per kid. 8% return. 33,000 initial value. $131,000 final ...
by miamivice
Thu Oct 13, 2016 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Why is college savings compared to retirement?
Replies: 62
Views: 3985

Re: Why is college savings compared to retirement?

Can someone explain why saving for college is always compared to saving for retirement? I get that we need to save for retirement. It's the first "check" that I write each month (actually automatically pulled out of my paycheck). But it seems like folks always compare college savings as c...
by miamivice
Thu Oct 13, 2016 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Why is college savings compared to retirement?
Replies: 62
Views: 3985

Re: Why is college savings compared to retirement?

Something I'd like to say here (for the second time): I can only guess at what the future holds. What tax rate I'll pay 20 - 40 years from now is a guess, and nothing more than that. I have no idea what the politicians will do with taxes and do not hold any special insight as to what the future migh...

Go to advanced search