Search found 136 matches

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: 2391

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: 2391

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: 3552

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: 2242

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: 4970

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: 957

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: 4548

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: 439

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: 5890

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: 844

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: 914

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: 3786

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: 3786

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: 3786

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: 886

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: 2750

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: 3474

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: 3786

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: 5183

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: 1124

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: 596

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: 497

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: 596

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: 697

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: 714

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: 4043

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: 7670

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: 7670

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: 3769

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: 3769

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: 1504

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: 1504

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: 686

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...
by mrsytf
Thu May 04, 2017 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Starting new job mid-career - What advice to learn from my past?
Replies: 39
Views: 2284

Re: Starting new job mid-career - What advice to learn from my past?

It seems to me you are in the wrong field. I'm sure you're tired of being unemployed but being in customer support doesn't sound like your cup of tea at all. I wonder how you even made it 16 yrs in your previous job. Have you looked at other types of jobs in your field? Can managing rental propertie...
by mrsytf
Thu May 04, 2017 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: College saving choices
Replies: 25
Views: 1655

Re: College saving choices

I haven't read through your previous posts but your financial situation sounds a bit precarious. 43 yo, 70k in debt, "only"110,000 in savings. Whatever bit you are able to save should go towards your retirement. The 10 year old is old enough to earn some money. Babysitting in a few years, ...
by mrsytf
Wed May 03, 2017 8:22 pm
Forum: Investing - Help with Personal Investments
Topic: How to fund 529 college expenses (13 to 16 yr horizon)?
Replies: 5
Views: 514

Re: How to fund 529 college expenses (13 to 16 yr horizon)?

First things first since it always needs to be said: Retirement should take priority over college savings. You can take out loans for college, but not for retirement. How secure is your husband's job? How long do you plan to be out of the workforce? Are you in a field where it is easy to get back in...
by mrsytf
Wed May 03, 2017 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: have you accepted a lower cost lifestyle to retire early?
Replies: 71
Views: 9106

Re: have you accepted a lower cost lifestyle to retire early?

It seems to me you can retire now with the same lifestyle you have now. 80k is a 4% withdrawal rate and that is BEFORE SS and the possible inheritance. Of course that doesn't include taxes so depending on where you draw your income that can be anywhere from 0-15% which would put you slightly over th...
by mrsytf
Wed May 03, 2017 7:34 am
Forum: Personal Finance (Not Investing)
Topic: Banking in Marriage
Replies: 66
Views: 4573

Re: Banking in Marriage

Surprised to see so many people do joint everything. My husband and I married late in life at 35 and 36 in the same city where we met. We each had our own checking, savings, and credit cards. Every account opened subsequent to marriage has been joint. I pay all the bills but am not always able to co...
by mrsytf
Tue May 02, 2017 4:46 pm
Forum: Investing - Help with Personal Investments
Topic: 401k administrator requiring net worth
Replies: 40
Views: 2827

Re: 401k administrator requiring net worth

Just reading through the rest of the replies, I like the idea of saying "unknown" or "none", but I would continue to stand my ground.
I'm interested in hearing how this turns out.
by mrsytf
Tue May 02, 2017 4:43 pm
Forum: Investing - Help with Personal Investments
Topic: 401k administrator requiring net worth
Replies: 40
Views: 2827

Re: 401k administrator requiring net worth

I agree with you 100%. This type of request would unnerve me. When I sent my son to the public school, we were asked a number of private questions including our occupation, marital status, and whether or not we were the biological parents, step parents, adoptive parents etc. I answered N/A to all of...
by mrsytf
Mon May 01, 2017 7:14 pm
Forum: Personal Consumer Issues
Topic: Buying couches the Boglehead way
Replies: 36
Views: 4347

Re: Buying couches the Boglehead way

Great deals can be had at wayfair.com and overstock.com. Home goods and big lots if you prefer to buy in store. No reason to spend a lot of money. The cheap stuff really does last forever. Bought a couch and love seat from Walmart in 2003. Survived multiple moves and l currently have it in my baseme...
by mrsytf
Mon May 01, 2017 5:13 pm
Forum: Personal Consumer Issues
Topic: Roomba or competitor?
Replies: 18
Views: 2343

Re: Roomba or competitor?

We have the roomba 650 and it works great. I don't vacuum or sweep so it works well enough to keep the house clean in between my housekeepers two week visits. The issue with the roomba is that it is very loud. Like maddeningly loud and it bangs into things...a lot- adding to the commotion. I usually...
by mrsytf
Thu Apr 27, 2017 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: 529 Strategy for Grad School
Replies: 7
Views: 933

Re: 529 Strategy for Grad School

If it were me I would leave the MD plan as is. I would contribute the $4500 in VA annually for myself and take it out for my education. There will be no growth but at least a tax deduction. 4 semesters should span 3 Years - $13500 in total. The reason I say this is because if she needs the money in ...
by mrsytf
Wed Apr 26, 2017 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Increase W4 withholdings or make estimated tax payments
Replies: 18
Views: 1281

Re: Increase W4 withholdings or make estimated tax payments

. Adjust your W4 withholding to get the right taxes and forget about for now. But check back and revise your tax estimates in October or so. That way if you still need to have more taxes held out you can revise your W4 again for November or December to make a one time big tax payment to cover any t...
by mrsytf
Sun Apr 23, 2017 6:13 pm
Forum: Personal Consumer Issues
Topic: Time savers - life on automation
Replies: 57
Views: 7418

Re: Time savers - life on automation

You use a 5:1 water to rice ratio, lot it set at a low boil for 30 minutes, drain it, then let it sit(off the heat) for a few minutes to absorb any excess water. Sounds easy enough, doesn't it? But I have yet to get it right. And I have tried multiple multiple combos, recipes, heat settings etc. ov...
by mrsytf
Sun Apr 23, 2017 6:02 pm
Forum: Personal Consumer Issues
Topic: If you are financially independent, how much monywould you bother to make?
Replies: 31
Views: 3744

Re: If you are financially independent, how much monywould you bother to make?

I don't know if I would do it for just cash, even if it was $500, unless I had a specific plan for that cash. For example, I'll open up this cc, get my $500 and blow it on a vitamix. Or I could see myself going through the trouble if I had an opportunity to earn enough miles for a round trip domesti...
by mrsytf
Sat Apr 22, 2017 5:11 pm
Forum: Personal Consumer Issues
Topic: Time savers - life on automation
Replies: 57
Views: 7418

Re: Time savers - life on automation

Does this rice cooker know how to handle brown rice? If so that would be a game changer.
by mrsytf
Fri Apr 21, 2017 8:40 pm
Forum: Personal Consumer Issues
Topic: Best surface for garage, epoxy, polished concrete, something else?
Replies: 24
Views: 2795

Re: Best surface for garage, epoxy, polished concrete, something else?

We had ours done two years ago, mostly because the garage is the unofficial entrance to the house and I couldn't stand how it looked. It was $5 per square foot. They emptied the garage for me. I basically said, "keep or discard". Twenty minutes later garage was empty. I would google "...
by mrsytf
Mon Apr 17, 2017 12:34 am
Forum: Personal Finance (Not Investing)
Topic: Is spending 15K to furnish home too much?
Replies: 39
Views: 4723

Re: Is spending 15K to furnish home too much?

No not at all,,, Personally we have never spent anywhere close to that amount. Matter of preference. :happy Sorry felt compelled to comment again as we are still furnishing our home nearly six years after we bought it. As others have mentioned no need to get it all done immediately. With regard to ...
by mrsytf
Sun Apr 16, 2017 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Is spending 15K to furnish home too much?
Replies: 39
Views: 4723

Re: Is spending 15K to furnish home too much?

15k to furnish an entire house is pretty darn good-even if you purchased most used or second hand. It surprising how things add up. Shopping at thrift/antique stores was difficult for me because I have a hard time imagining in my mind how different finishes match as well as the scale of items unless...

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