Search found 153 matches

by mrsytf
Thu Aug 17, 2017 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Should we pay off the house before the baby arrives?
Replies: 11
Views: 834

Re: Should we pay off the house before the baby arrives?

A nanny would only be just a touch more in cost. Have you done the math? I don't know where you live but we paid our nanny $16/hr for three kids. $640/week. Let's say you live in a VHCOL area and pay her $20/hr - that's $800 - only $200 more. You will have to pay fICa- 7.2% I believe of her salary s...
by mrsytf
Wed Aug 16, 2017 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: Planning for my Wife - Introductory Post & First Question
Replies: 23
Views: 2925

Re: Planning for my Wife - Introductory Post & First Question

I hope you involve your son in your discussions with your wife, even if you make it clear that the money is hers to manage? What if she falls sick sooner than expected or gets injured in a car crash, gets targeted by a scam artist, seduced in her grief by a swindler or remarries to someone with thre...
by mrsytf
Wed Aug 16, 2017 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: Cancer at 38. Going from high income to no income. Need help generating income from $5m portfolio
Replies: 34
Views: 6363

Re: Cancer at 38. Going from high income to no income. Need help generating income from $5m portfolio

If i were you I would work on lining up some childcare options, either a neighbor you can call on a moments notice or an agency. There will be times when you need to accompany your husband to appointments not appropriate for a child. Or moments in the middle of the night when he is feeling ill from ...
by mrsytf
Mon Aug 14, 2017 5:28 pm
Forum: Personal Consumer Issues
Topic: Retired Boglehead obsession with money- devil's advocate
Replies: 66
Views: 6739

Re: Retired Boglehead obsession with money- devil's advocate

I've come to believe that my husband will always worry about money, no matter how much he has. I've tried my best to reassure him that we are not destitute and are not in danger of being destitute with various spreadsheets, projections, calculators and such. None of it convinces him for any length o...
by mrsytf
Sat Aug 12, 2017 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Contractor job - what type of entity?
Replies: 6
Views: 378

Re: Contractor job - what type of entity?

I presume this is a 1099 position. If I were her, I would not necessarily open up any business entity. If this were her own company she was starting that would expose her to some liability, an LLC could be considered. But since that does not appear to be the case, I wouldn't bother with the paperwor...
by mrsytf
Tue Aug 01, 2017 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement savings sufficient to justify home renovations?
Replies: 17
Views: 1768

Re: Retirement savings sufficient to justify home renovations?

Did you refi and cash out? You have so little equity and you've owned the home for 8 years. How much did you put down? What did you do with the refi money if you did indeed cash out? I'm a little concerned however the concern is mitigated by the fact that you plan to have the cash in the bank before...
by mrsytf
Wed Jul 26, 2017 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: Borrow from 403B to maximize 457?
Replies: 6
Views: 391

Re: Borrow from 403B to maximize 457?

Combined salary is 200k or just yours? Can you live off of your wife's paycheck for the next seven months? If it were me I would do it over two months if allowed - $9000 In august and $9000 in November. I would spend the bare minimum during those months. Complete spending fast. Baglunch,simple groce...
by mrsytf
Sun Jul 23, 2017 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Investing Education and Mansplaining
Replies: 128
Views: 7973

Re: Investing Education and Mansplaining

It may not necessarily be mansplaining rather old person-splaining. At 22, she may fee that she is never gonna get old. Why don't you introduce her to some millennial blogs (i can't remember any off hand but they usually include the work millennial in them) or perhaps give her a copy of the book by ...
by mrsytf
Fri Jul 21, 2017 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: simplicity vs chasing bonuses
Replies: 29
Views: 2411

Re: simplicity vs chasing bonuses

OP, The good thing about bonuses are that there will always be bonuses. When I was a poor student, I got into a little bit of trouble spending money I didn't have on things because they were on "sale". I stopped shopping for a time and when I resumed many months later I realized I hadn't m...
by mrsytf
Tue Jul 18, 2017 8:21 am
Forum: Personal Consumer Issues
Topic: kitchen appliance recommendations, esp refrigerator
Replies: 32
Views: 2099

Re: kitchen appliance recommendations, esp refrigerator

In the meantime, we started looking at refrigerators. It's a small kitchen and we'd prefer a counter-depth refrigerator. We looked at Lowe's and Home Depot and read Consumer Reports and other reviews and, oh my gosh, what refrigerator horror stories we found! From noise to leaks to other breakdowns...
by mrsytf
Tue Jul 18, 2017 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Best way to help sick in laws financially.
Replies: 14
Views: 1662

Re: Best way to help sick in laws financially.

I hadn't thought of retrofitting the house although I think it would be hard to do. The stairs are those open winding death trap type stairs. The house also has multiple sunken rooms separated from each other by two to three steps. We would definitely have to look for companies that specialize in th...
by mrsytf
Mon Jul 17, 2017 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to help sick in laws financially.
Replies: 14
Views: 1662

Best way to help sick in laws financially.

My FIL just got diagnosed with metastatic prostate cancer. We just visited them recently and he went from saying he had hip pain to limping to walking with a cane and shortly after we left being essentially bedridden. We hoped for the best but got met with the worst. He was advised to have chemother...
by mrsytf
Sat Jul 15, 2017 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Rent in safer neighborhood or buy in less safe one?
Replies: 67
Views: 4629

Re: Rent in safer neighborhood or buy in less safe one?

Can you not find a cheaper apartment to rent?
by mrsytf
Tue Jul 11, 2017 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Keeping Pre-Marital Property Separate
Replies: 22
Views: 2334

Re: Keeping Pre-Marital Property Separate

I ask because if that's the case and there's an expectation that joint efforts and joint money is being used to maintain, care for and repair for these properties I do think you need clarification. Not only from a lawyer that specializes in your area but your wife needs to understand the rules too....
by mrsytf
Tue Jul 11, 2017 8:47 am
Forum: Investing - Help with Personal Investments
Topic: Stop contributing to 529 on 50% chance grandparents pay
Replies: 42
Views: 3007

Re: Stop contributing to 529 on 50% chance grandparents pay

Hi OP, We are in a similar situation. We have been contributing to our 3 kids 529 up to the point of the state tax deduction for nearly 9 years now (ages 8,7, and 3) - $2k per beneficiary per year. Recently my dad sat myself and my siblings down and said he wanted to contribute to his grandkids educ...
by mrsytf
Sun Jul 02, 2017 11:54 pm
Forum: Investing - Help with Personal Investments
Topic: Donate shares or cash to charity?
Replies: 19
Views: 1158

Re: Donate shares or cash to charity?

set up a Vanguard charitable donor fund give them your stock and tell them where you what the money to go to. This is what I plan on doing with some stray stock that I own. Vanguard's minimum is 25k. Fidelity is 5k, just to keep in mind. Avoid doing this in Nov and Dec as they tend to be swamped th...
by mrsytf
Sun Jul 02, 2017 11:36 pm
Forum: Personal Finance (Not Investing)
Topic: Rich Inlaws - Buy Us a House and Let Us Live Rent Free/Cheap?
Replies: 28
Views: 2659

Re: Rich Inlaws - Buy Us a House and Let Us Live Rent Free/Cheap?

My father in law is quite wealthy. So far he's been reluctant to give any of his wealth to his two children (including my wife) -- I suppose with the thought being that he will convey his wealth to his children upon his death. I suspect this thread will likely get locked soon, but to throw my 2 cen...
by mrsytf
Sat Jun 17, 2017 2:03 pm
Forum: Investing - Help with Personal Investments
Topic: The terrible things I have done--I wish to come clean
Replies: 24
Views: 2582

Re: The terrible things I have done--I wish to come clean

You didn't ask for advice but I'll still give it to you...for free even. Have you worked through how taking SS at 66 will impact your tax situation since you will still be working?
by mrsytf
Sat Jun 17, 2017 1:54 pm
Forum: Investing - Help with Personal Investments
Topic: The terrible things I have done--I wish to come clean
Replies: 24
Views: 2582

Re: The terrible things I have done--I wish to come clean

Oh my! What a set of confessions! Seriously though I don't know why you would want professional management. Seems like you are doing fine on your own. I have two small confessions. I do own some individual stocks. The money in there will neither make me or break me so not sure why I bother except I ...
by mrsytf
Fri Jun 16, 2017 4:02 pm
Forum: Investing - Theory, News & General
Topic: FireCalc: Equities almost 70% for a 20 year term???
Replies: 43
Views: 3898

Re: FireCalc: Equities almost 70% for a 20 year term???

Viewed this way, bonds are actually less safe than stocks in retirement. You just have to be willing to dip into principal and ride out the waves. It will help to retire just after a recession, not just before, but even with the sequence of returns risk folks fear about, equities are the way to go....
by mrsytf
Thu Jun 15, 2017 7:20 pm
Forum: Personal Consumer Issues
Topic: trying to join MR. MONEYMUSTACHE forum
Replies: 7
Views: 2328

Re: trying to join MR. MONEYMUSTACHE forum

I think one of the questions was where does he live. It's Longmont, Colorado.
by mrsytf
Thu Jun 15, 2017 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: putting more than 20% down on new home purchase
Replies: 41
Views: 5264

Re: putting more than 20% down on new home purchase

Can you negotiate that price down? Or perhaps make less expensive design choices. The most important things to you at least per your post are the amenities (pool, playground) and your mortgage payment. So skip the pricier options: fireplace, island,deck or what have you. You can always upgrade later...
by mrsytf
Wed Jun 14, 2017 9:03 pm
Forum: Personal Consumer Issues
Topic: Finishing Basement - financing?
Replies: 10
Views: 1044

Re: Finishing Basement - financing?

I would do it but not use HD's credit card. Capital one gives me 2miles per $1 spent. That's 40,000 miles which is good for a $400 airplane ticket. Discover is giving 5% rebate on home improvement stores until the end of June, but there is a cap on the amount spent. Offhand i don't know how much tha...
by mrsytf
Tue Jun 13, 2017 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Help My Mother "Survive"?
Replies: 67
Views: 4952

Re: Help My Mother "Survive"?

How stressful for your mom! Can she take on a second job? It will at least stop the bleeding and possibly prevent her from dipping into the savings, at least for now. How much is her car worth right now if she sold? She has five more years left! If she is not upside down, might be worth while to dit...
by mrsytf
Wed Jun 07, 2017 9:51 pm
Forum: Investing - Help with Personal Investments
Topic: Ohio 529
Replies: 6
Views: 495

Re: Ohio 529

You can even open up four accounts with you, your spouse, and each child as the beneficiary. Contribute $2000 to all four and deduct $8000. You can change the beneficiary as needed. For example, you to kid#1, your spouse's to kid #2 or even #3 (!).
by mrsytf
Fri Jun 02, 2017 5:58 pm
Forum: Investing - Help with Personal Investments
Topic: Can I Safely Retire?
Replies: 56
Views: 6235

Re: Can I Safely Retire?

Also, how'd you handle the $240k in net operating losses. Since my capital gains will be tax free until this $240k is exhausted, would you be taking all the capital gains you could?


I would start making some money. That operating loss will offset your income eliminating federal income tax.
by mrsytf
Tue May 30, 2017 8:23 pm
Forum: Investing - Help with Personal Investments
Topic: Help with portfolio construction - tax efficiency and asset allocation
Replies: 10
Views: 950

Re: Help with portfolio construction - tax efficiency and asset allocation

You are losing money every month with the investment property? And with the rent increase, you "hope" to break even. Does that take into account maintenance? One leaky roof or vacancy and you are back in the red. Not clear why you are doing this, but does not seem sound.
by mrsytf
Tue May 30, 2017 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Should I move or not?
Replies: 7
Views: 987

Re: Should I move or not?

Thanks for advice - I think a large part of this is whether the market is going to top out or continue to rise. Does that really matter though? You already know you can sell your home for much more than you owe. If it tops out you have $180k in equity, if it goes up you have more. In addition you a...
by mrsytf
Mon May 22, 2017 9:58 pm
Forum: Investing - Help with Personal Investments
Topic: How Much for 529 Plan
Replies: 39
Views: 4077

Re: How Much for 529 Plan

But this is per Kid, not per Me. Meaning if I were to hit 400K in the Account for Kid 1, I can't contribute there anymore but I could contribute to different accounts for Kid 2 and Kid 3. Yes. It is per account. I found this on the FAQ on the bright start plan. Can I roll over money from one 529 pl...
by mrsytf
Sat May 20, 2017 7:48 pm
Forum: Investing - Help with Personal Investments
Topic: How Much for 529 Plan
Replies: 39
Views: 4077

Re: How Much for 529 Plan

Keep in mind this. The maximum aggregate account balance per Designated Beneficiary is $400,000 and, once such maximum is reached, no further Contributions for the benefit of the same Designated Beneficiary will be allowed, although the Account balance may continue to increase due to appreciation of...
by mrsytf
Sat May 20, 2017 7:38 pm
Forum: Investing - Help with Personal Investments
Topic: How Much for 529 Plan
Replies: 39
Views: 4077

Re: How Much for 529 Plan

In 4 years, the estimation for a 4 year public school in my state is $130K.
Which state is that?


Ohio State is $20k/year. I know people who paid less for college than they did for a private high school education.
by mrsytf
Sat May 20, 2017 7:20 pm
Forum: Investing - Help with Personal Investments
Topic: Help - Sleep Deprived New Dad Rebalancing
Replies: 9
Views: 978

Re: Help - Sleep Deprived New Dad Rebalancing

3) Should I be selling $5.5k of my taxable shares per year and contributing to a Roth IRA? I wouldn't sell taxable shares unless I was doing so for tax loss harvesting. If you do not have enough money to contribute to ROTH, you could either scale down 401k contributions (making sure you take full a...
by mrsytf
Thu May 18, 2017 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: How to dispose of household effects (estate sale?)
Replies: 21
Views: 2905

Re: How to dispose of household effects (estate sale?)

Do creditors look at personal effects as assets? It seems that only houses, vehicles, jewelry, works of art and electronics would quality. Used clothing, kitchen appliances and even furniture seems as if it would barely even register a blink. It is only really worth as much as you say it is worth. I...
by mrsytf
Thu May 18, 2017 7:21 am
Forum: Personal Finance (Not Investing)
Topic: Nothing else to do investment wise!
Replies: 23
Views: 3668

Re: Nothing else to do investment wise!

What I do: Cook up ways to make additional income. Currently working on a study manual for an exam one has to take in my speciality. This is a anti-boglehead thought but I have a small account where I purchase individual stock. I've always loved gambling but am way to sensible to participate in raff...
by mrsytf
Wed May 17, 2017 7:38 pm
Forum: Investing - Help with Personal Investments
Topic: How Much for 529 Plan
Replies: 39
Views: 4077

Re: How Much for 529 Plan

Is your tax deduction per beneficiary? If so you are missing out on additional deductions. For example, in Ohio I get a $2k tax deduction per beneficiary. We have three accounts for each kid so we get a $6k deduction. If I were to open an account with my and/or my husband as beneficiary that would b...
by mrsytf
Sun May 14, 2017 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else dial down retirement savings?
Replies: 32
Views: 5378

Re: Anyone else dial down retirement savings?

We have saved very aggressively over the last 8 years and now find ourselves at 40 years old at about 75% of a 4% withdrawal rate that excludes mortgage payments (we will be debt free when we retire.) Without adding a single dollar our investments should grow way past our current spending. Because ...
by mrsytf
Fri May 12, 2017 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: 529 plan for a new baby -- large lump sum at birth?
Replies: 8
Views: 1216

Re: 529 plan for a new baby -- large lump sum at birth?

I would do it. The benefit of the 529 are the tax free earnings. The longer the money is in the market, the more it earns (hopefully). The risk you cite , scholarship, not going are still present even if you make monthly or annual contributions. Other minor downside is that I would miss any potentia...
by mrsytf
Fri May 12, 2017 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: SEP IRA rollover to 401k issues
Replies: 10
Views: 731

Re: SEP IRA rollover to 401k issues

My husband a traditional IRA at etrade that he brought into fidelity. It gained the title rollover IRA. He ultimately a few years later rolled that IRA into the 401k. If you still get roadblocks with regards to the SEP, you could deposit the check in a conventional traditional IRA which may not soun...
by mrsytf
Fri May 12, 2017 11:51 am
Forum: Investing - Help with Personal Investments
Topic: creating a 3 fund potfolio with limited employer investment choices
Replies: 5
Views: 565

creating a 3 fund potfolio with limited employer investment choices

Age 45, 44 Total investable assets: 1.6million % tax deferred: 75% Desired asset allocation: 75% stock/25% bonds Total international: 20% Effective tax rate 31%, marginal tax rate 39%. state tax 5.2%, local tax 2% Consolidated some accounts and am now looking to keep it simple with a 3 fund portfoli...
by mrsytf
Thu May 11, 2017 8:33 pm
Forum: Investing - Help with Personal Investments
Topic: SEP IRA rollover to 401k issues
Replies: 10
Views: 731

Re: SEP IRA rollover to 401k issues

If the statement clearly shows the check is from your SEP Ira then by definition those are pretax funds. The problem is not Merrill edge it is with your 401k provider. Who have you talked to with the 401k provider?
by mrsytf
Tue May 09, 2017 7:35 am
Forum: Personal Finance (Not Investing)
Topic: Question about re-gifting a gift for tax purposes
Replies: 13
Views: 801

Re: Question about re-gifting a gift for tax purposes

This may be stating the obvious is your husband married or have a child?
by mrsytf
Sun May 07, 2017 7:53 pm
Forum: Investing - Help with Personal Investments
Topic: Need review and advice
Replies: 6
Views: 793

Re: Need review and advice

Emergency funds: We do not have separate emergency and taxable retirement funds. Taxable cash and bonds listed below are sufficient for approximately 15 months of expenses. I have been moving money from savings to VCAIX (muni bonds) monthly, and plan to eventually move some minority fraction of tha...
by mrsytf
Sat May 06, 2017 7:43 pm
Forum: Personal Consumer Issues
Topic: Best salads
Replies: 46
Views: 4363

Re: Best salads

I put nuts/seeds in my salad for protein: roasted pine nuts, walnuts, sunflower and flax seeds.

Quinoa instead of lettuce with mixed chopped vegetables is also delicious dressed with a twist of lemon.
by mrsytf
Sat May 06, 2017 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Stay home with kids?
Replies: 103
Views: 8220

Re: Stay home with kids?

Duplicate
by mrsytf
Sat May 06, 2017 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Stay home with kids?
Replies: 103
Views: 8220

Re: Stay home with kids?

I always feel like if you find yourself pondering this question, you should stay at home. Having said that even if you really want to be at home with the kids it will not necessarily make you miss work less. I would start by outsourcing as much as you can both at home and at work. Delegate, delegate...
by mrsytf
Fri May 05, 2017 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Job Decision
Replies: 53
Views: 4069

Re: Job Decision

If you don't like the offer or the job (and they won't increase the offer) then I would hit the road. Now is the time. You are now an American citizen, you don't have family attachments holding you back, you are young and smart. Don't settle. You will only get more resentful and it will show.
by mrsytf
Fri May 05, 2017 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Job Decision
Replies: 53
Views: 4069

Re: Job Decision

What do they say when you asked for more money? This is why the gender pay gap exists. Women are told to be happy to get what they are getting. There is more pushback when asking for a raise. It sounds like they want to keep you if they extended the offer so make them prove it.
by mrsytf
Fri May 05, 2017 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Incentivising Kids
Replies: 22
Views: 1600

Re: Incentivising Kids

I don't have any answers for you but am following this thread to get ideas. When I was a kid at an early age I would do anything for a dollar. Clean my room, practice piano whatever. My kids at least the older two don't really care about money. My oldest wanted a $200 lego set for kids age 8-18. He ...
by mrsytf
Fri May 05, 2017 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Incentivising Kids
Replies: 22
Views: 1600

Re: Incentivising Kids

Duplicate
by mrsytf
Fri May 05, 2017 9:53 am
Forum: Investing - Help with Personal Investments
Topic: Birthday Rebalance - Quick Quesiton
Replies: 8
Views: 730

Re: Birthday Rebalance - Quick Quesiton

This is my issue with rebalancing as well. Different asses in different accounts. But instead of "moving out money", you could "move in" money to readjust and that would be by modifying your contributions. So it seems you need to move more money in. Any other funds in the 401k th...