Search found 72 matches

by multiham
Tue Jun 20, 2017 8:15 am
Forum: Personal Consumer Issues
Topic: Check engine light. Toyota Avalon 2006, 155K miles [safety issue?]
Replies: 53
Views: 3547

Re: Check engine light. Toyota Avalon 2006, 155K miles [safety issue?]

Am I the only person who actually asks the dealer to tell me what the price will be prior to getting the job done? Unless things have changed since I worked at a dealership many years ago (summer cleaning job in high school) there is a book (probably on-line now) that tells you the standard labor ho...
by multiham
Sun Jun 11, 2017 11:14 am
Forum: Personal Finance (Not Investing)
Topic: 2004 LEXUS RX 330
Replies: 46
Views: 2549

Re: 2004 LEXUS RX 330

Keep the Highlander and pay it off as you can. I would argue the real lesson learned here is never pay sticker or posted price on most cars! Unless you are CarMax or another site that does not allow negotiation, there is fluff built into the stated price to allow you to negotiate and feel like you g...
by multiham
Sat Jun 10, 2017 8:09 pm
Forum: Personal Consumer Issues
Topic: Suit for [medical] residency interviews
Replies: 57
Views: 3157

Re: Suit for [medical] residency interviews

I have one word for you on why I would make sure I spend enough to get good quality material that fits perfectly. That word is Confidence. You will have enough things to worry about other than whether your suit looks and fits well. Take care of that up front and then you can focus all of your energy...
by multiham
Sat Jun 10, 2017 3:30 pm
Forum: Personal Consumer Issues
Topic: Overpaid Big Time On Warranty
Replies: 55
Views: 2720

Re: Overpaid Big Time On Warranty

There is something wrong on what they are quoting you. $350 per month times 59 months = $20,650 (this should be the amount you financed) Your old deal including the warranty was $288 per mont times 72 months =$20,736 which means you only paid $86 for the extended warranty. Something is not right. Pl...
by multiham
Mon Jun 05, 2017 8:58 am
Forum: Personal Consumer Issues
Topic: Worth it to buy expensive clothes?
Replies: 90
Views: 7636

Re: Worth it to buy expensive clothes?

As long as your weight doesn't fluctuate up and down and you don't buy anything trendy, I think this is a great investment in yourself.
by multiham
Fri Jun 02, 2017 8:12 pm
Forum: Investing - Help with Personal Investments
Topic: Time to Move Away from 3-Fund Portfolio?
Replies: 36
Views: 4127

Re: Time to Move Away from 3-Fund Portfolio?

Different approach from me. What is the value you place on your wife being able to use PAS if needed? If that makes her feel at ease, it is well worth the .30% charge. Most people on this forum are financially savvy or at least have the curiosity to learn. If that is not the case for someone else, t...
by multiham
Wed May 31, 2017 7:27 pm
Forum: Personal Consumer Issues
Topic: Is it worth it spending money to keep your house looking sharp?
Replies: 54
Views: 7001

Re: Is it worth it spending money to keep your house looking sharp?

Pride I don't have the most expensive clothes, but they are neat and well taken care of. I don't have the fanciest landscape, but it is pruned, cut back when needed, and weeded I don't have a fancy entryway or front door, but it is painted and I have replaced the kick plate and weather stripping whe...
by multiham
Tue May 30, 2017 6:31 pm
Forum: Personal Consumer Issues
Topic: Do I deserve it? [A new car]
Replies: 70
Views: 5154

Re: Do I deserve it? [A new car]

Many years ago, I bought a $20,000 car when I was making $40,000. I'm a car guy and don't view a car simply as a means of getting from point A to point B. I truly loved that car and was having no problem paying off the car loan. Than I met my future wife, decided to get married, and wanted to save f...
by multiham
Tue May 30, 2017 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: "Security freeze" to prevent credit fraud
Replies: 24
Views: 2618

Re: "Security freeze" to prevent credit fraud

I know this is a 5 year old thread, but hoping to get some advice. Someone cloned my credit card (so much for chips) and I reported it to the credit card company and the police. I now want to put a Security Freeze on my account. You're mixing up different things. Having a credit card number comprom...
by multiham
Mon May 29, 2017 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: "Security freeze" to prevent credit fraud
Replies: 24
Views: 2618

Re: "Security freeze" to prevent credit fraud

I know this is a 5 year old thread, but hoping to get some advice. Someone cloned my credit card (so much for chips) and I reported it to the credit card company and the police. I now want to put a Security Freeze on my account. What bothers me is that when I contacted Experian (you need to contact ...
by multiham
Mon May 29, 2017 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Losing money on vehicle, should I or shouldn't I?
Replies: 24
Views: 2544

Re: Losing money on vehicle, should I or shouldn't I?

You hate it, enough said. Sell it, take the loss, and move on. Why don't you get Honda to look at the clutch while you still own it so that if it needs replacing, it will have been done before you sell it which to me is a good selling point. My only advice on buying the new one is will you get as mu...
by multiham
Mon May 29, 2017 9:50 am
Forum: Investing - Help with Personal Investments
Topic: A gem Livesoft uncovered
Replies: 64
Views: 10991

Re: A gem Livesoft uncovered

Few years to retirement and new at looking at withdrawal rate. Had always heard 4% so this gives me something new to think about. I do have a question that I don't understand. I searched for more information on CPI, but didn't find enough to answer my question. I understand the technical definition...
by multiham
Mon May 29, 2017 9:27 am
Forum: Investing - Help with Personal Investments
Topic: A gem Livesoft uncovered
Replies: 64
Views: 10991

Re: A gem Livesoft uncovered

Few years to retirement and new at looking at withdrawal rate. Had always heard 4% so this gives me something new to think about. I do have a question that I don't understand. I searched for more information on CPI, but didn't find enough to answer my question. I understand the technical definition ...
by multiham
Sun May 28, 2017 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: When does Saving become missing out on life?
Replies: 74
Views: 8369

Re: When does Saving become missing out on life?

Save 30% of job income, spend the rest. I did that since my 30s and have no regrets. Definition of "savings" for me included building equity in my home (payment of principal on the mortgage but not interest) and excluded all consumables, e.g. cars. What happened to me: By the time I was i...
by multiham
Sat May 27, 2017 10:43 am
Forum: Personal Finance (Not Investing)
Topic: When does Saving become missing out on life?
Replies: 74
Views: 8369

Re: When does Saving become missing out on life?

Are you happy with what you have and the way you live? If the answer is yes, than stop worrying. If the answer is no, figure out what you are missing out on and fix it.
by multiham
Fri May 26, 2017 10:19 am
Forum: Personal Consumer Issues
Topic: Sell 2015 Subaru or Keep?
Replies: 71
Views: 5483

Re: Sell 2015 Subaru or Keep?

I would not give this a second thought. Just keep the car. You bought it for a reason, you can afford it, and if any of the safety devices ever help you, it is well worth it. Please know that I am not a hard core Boglehead. I love the philosophies, but use them as a guide, not a mandate. I like cars...
by multiham
Thu May 18, 2017 6:08 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth with Schwab
Replies: 4
Views: 361

Re: Backdoor Roth with Schwab

Thank you! I was confused when she said that Schwab was going to withhold taxes.

I believe I can do $6,500 in total since I am 51. If I do the $6,500 over 3 transactions this year, do I have to file 3 form 8606's or can I consolidate all 3 transactions onto one form 8606?
by multiham
Thu May 18, 2017 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth with Schwab
Replies: 4
Views: 361

Backdoor Roth with Schwab

Little nervous after my transaction today. Looking to make sure I did not screw anything up I opened an IRA at Schwab last week. I have no other TIRA's, but do have a small Roth IRA from a while ago. Placed $2,000 into the IRA today via a transfer from my linked Schwab bank account. Money is instant...
by multiham
Sun May 14, 2017 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: Pre-retirement Advice Requested
Replies: 18
Views: 1635

Re: Pre-retirement Advice Requested

I know I am in the minority here, but you are about to make 1 of the top 3 or 4 decisions in your life when you retire and how you go about the financial transition. Here is what I would do: 1. Write down exactly what you want to accomplish with the CFP 2. Explain to the CFP that you are not looking...
by multiham
Sat May 06, 2017 10:55 am
Forum: Investing - Help with Personal Investments
Topic: Validate 529 Planning
Replies: 1
Views: 202

Validate 529 Planning

Looking for some thoughts on my 529 Plan I've been funding my kids plans at low levels since they were born. Here are my facts and current thought: 52 years old looking to retire in 5 years Fully fund my 401K and now funding Taxable IRA to do Backdoor Roth for 2017 On track for my retirement plan 2 ...
by multiham
Mon May 01, 2017 7:25 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Multiple Times During Year
Replies: 4
Views: 585

Backdoor Roth Multiple Times During Year

My MAGI is too high to make a Roth contribution. I max out my 401K at work. I am over 50 and have no IRA's accept for a small Roth I funded many years ago. Can I do the following and if so, what tax paperwork do I need to fill out in 2017? 1. In June, open a taxable IRA and fund it with $3,000. 2. A...
by multiham
Wed Apr 26, 2017 1:12 pm
Forum: Personal Consumer Issues
Topic: Porsche Lease
Replies: 56
Views: 4302

Re: Porsche Lease

Love the Boxster! Here are some of my thoughts. 1. Shop around for the best lease you can get. The Porsche dealer near my house is not willing to negotiate much off sticker price as he tells me that people walk in with cash everyday and purchase at sticker. There is another dealer that is willing to...
by multiham
Tue Apr 25, 2017 7:15 pm
Forum: Investing - Help with Personal Investments
Topic: How do I choose and Financial Planner and what can I expect?
Replies: 16
Views: 1600

Re: How do I choose and Financial Planner and what can I expect?

You CAN find a certified financial planner that will develop a plan and help you implement it with either the options you currently have or options that you are interested in. Find some local CFP's and spend some time on the phone or through an initial meeting interviewing them. I talked to about 5 ...
by multiham
Tue Apr 25, 2017 6:55 pm
Forum: Personal Consumer Issues
Topic: New job and offer - recruiter sent a wrong $$
Replies: 43
Views: 5102

Re: New job and offer - recruiter sent a wrong $$

Whatever decision you end up making, do not burn any bridges at the company who you interviewed with. You never know when you will run into that person again. Someone from that company may end up being your boss one day and you do not need them to have/have heard negative comments about you. If you ...
by multiham
Sun Apr 23, 2017 5:40 pm
Forum: Investing - Theory, News & General
Topic: value of stock options
Replies: 30
Views: 2087

Re: value of stock options

Thank you for all the replies. I spent a few hours over the last few nights developing a tax estimator in Excel. I now have a very good idea of how much I can exercise and stay in the 28% tax bracket (will leave some cushion for unforeseen income) this year. Now have plan put together to exercise ov...
by multiham
Sun Apr 23, 2017 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 170
Views: 20397

Re: Any regrets living a frugal life for high income/high networth individuals?

I'm a planner by nature. My goal is to properly invest enough $ each year that I'm working to allow my wife and I to have a very comfortable retirement without worrying where the next $ will come from. Once I have that covered, I am good with us spending our money. Both our cars are from 2016 and ha...
by multiham
Sun Apr 23, 2017 4:25 pm
Forum: Investing - Help with Personal Investments
Topic: Is robo for me?
Replies: 34
Views: 2941

Re: Is robo for me?

I have set-up an appointment with Schwab for next Saturday to review their Intelligent Advisory Program. Most of my non 401K assets are already at Schwab. If I like what I hear, I plan to start with about $30,000. Here is why it makes sense for ME: 1. The fee (.28%) will be less than $100 for the ye...
by multiham
Wed Apr 19, 2017 8:07 pm
Forum: Investing - Theory, News & General
Topic: value of stock options
Replies: 30
Views: 2087

Re: value of stock options

Thank you everyone for the replies! One thing I'm really good at is never looking back and saying what if. When I decide to do something, it means I have weighed all the factors and decided that my move is the right option at that time. No reason to look back and say what if. I will however learn fr...
by multiham
Wed Apr 19, 2017 8:02 pm
Forum: Investing - Theory, News & General
Topic: value of stock options
Replies: 30
Views: 2087

Re: value of stock options

1. Are these Incentive Stock Options or are they Non-Qualified Stock Options? 2. How far in the money are they? What is the strike price and what is the current market price of the stock? 3. What is the implied volatility of options? Or failing that what is the historical volatility of the equity? ...
by multiham
Sun Apr 16, 2017 6:33 pm
Forum: Investing - Theory, News & General
Topic: value of stock options
Replies: 30
Views: 2087

Re: value of stock options

Thank you everyone for the help and advice. I am anywhere from 3 to 7 years from retirement. I have no plans on leaving the company. My plan was to wait until at least 2018 to exercise and sell. Just wasn't sure if that was a great idea given that I've read a lot about not having too many investment...
by multiham
Sun Apr 16, 2017 11:02 am
Forum: Investing - Theory, News & General
Topic: value of stock options
Replies: 30
Views: 2087

value of stock options

I am lucky enough to have some stock options from the megacorp I work for. I most likely will not be getting anymore as they have changed the requirements to be eligible for options to a level I most likely will not make. The 2 lots of options I have expire in 2019 and 2020. When I first got them in...
by multiham
Mon Mar 27, 2017 7:19 pm
Forum: Investing - Help with Personal Investments
Topic: Consolidating IRAs Question
Replies: 8
Views: 644

Re: Consolidating IRAs Question

Not sure if they separate brokerage and mutual fund accounts. However, what is really strange is one of my rollover IRA's contains non Fidelity mutual funds.
by multiham
Mon Mar 27, 2017 6:23 pm
Forum: Investing - Help with Personal Investments
Topic: Consolidating IRAs Question
Replies: 8
Views: 644

Re: Consolidating IRAs Question

Just got off the phone with Fidelity and now I'm really confused. They are telling me that if I consolidate into one of my rollover IRA's that I can only have Fidelity funds in that account. If I consolidate into my Traditional IRA, I can have any funds in there. Does this make sense? I'm planning t...
by multiham
Sun Mar 26, 2017 5:15 pm
Forum: Investing - Help with Personal Investments
Topic: Keep JNJ or invest everything in index funds?
Replies: 18
Views: 1300

Re: Keep JNJ or invest everything in index funds?

You are going to have a large amount of Long Term Capital Gains. Split adjusted purchase price back in 1997 is going to be in the 30's. With today's price of $125+ per share, you will have a roughly $90 per share capital gain on the initial purchase shares. I know taxes should never be the deciding ...
by multiham
Sat Mar 25, 2017 6:20 pm
Forum: Investing - Help with Personal Investments
Topic: Advisor suggested this - Good idea?
Replies: 41
Views: 2883

Re: Advisor suggested this - Good idea?

Apologize if I missed this posted somewhere else in the thread. Why not get the remodel work done now? You have the $ you need for it right now. In this environment of uncertainty and potential inflation, the cost in 2 to 3 years could easily be $80,000 plus. I know I am also in the minority on the ...
by multiham
Mon Mar 20, 2017 8:19 pm
Forum: Investing - Help with Personal Investments
Topic: Consolidating IRAs Question
Replies: 8
Views: 644

Re: Consolidating IRAs Question

Thank you!
by multiham
Mon Mar 20, 2017 4:49 pm
Forum: Investing - Help with Personal Investments
Topic: Consolidating IRAs Question
Replies: 8
Views: 644

Consolidating IRAs Question

My wife has the following 4 IRA accounts at Fidelity. Rollover IRA Traditional IRA Rollover IRA Roth IRA Is there any disadvantage to combining the 2 Rollover and one Traditional IRA into 1 account? Does it matter which account I combine them into (In other words should I move the 2 Rollover IRA's i...
by multiham
Sat Mar 18, 2017 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Looking to retire in 6 years at 57. Need help with Fixed Income Funds
Replies: 8
Views: 618

Re: Portfolio Review - Looking to retire in 6 years at 57. Need help with Fixed Income Funds

I don't think you need to put any bond funds in your taxable account at all, so no need for tax-exempt muni bond funds. I don't think it will matter which fixed income fund(s) you choose to use. You can use the two funds in your 401(k) and/or you can chose some Vanguard funds in the IRAs. You canno...
by multiham
Sat Mar 18, 2017 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Looking to retire in 6 years at 57. Need help with Fixed Income Funds
Replies: 8
Views: 618

Re: Portfolio Review - Looking to retire in 6 years at 57. Need help with Fixed Income Funds

The most safety is pretty easy to figure: The investment with the lowest yield. But I wouldn't want the most safety because it is not really needed. Say you have 30% in fixed income in a $2 million portfolio, so that's just $600,000. If that drops by 1%, that's just $6,000 which should not be a big...
by multiham
Sat Mar 18, 2017 11:24 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Looking to retire in 6 years at 57. Need help with Fixed Income Funds
Replies: 8
Views: 618

Re: Portfolio Review - Looking to retire in 6 years at 57. Need help with Fixed Income Funds

I don't think you need to put any bond funds in your taxable account at all, so no need for tax-exempt muni bond funds. I don't think it will matter which fixed income fund(s) you choose to use. You can use the two funds in your 401(k) and/or you can chose some Vanguard funds in the IRAs. You canno...
by multiham
Sat Mar 18, 2017 11:00 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Looking to retire in 6 years at 57. Need help with Fixed Income Funds
Replies: 8
Views: 618

Re: Portfolio Review - Looking to retire in 6 years at 57. Need help with Fixed Income Funds

I personally would 1) sell the IRA vanguard 500 index and buy total bond market and 2) tax loss harvest the individual stocks you have in taxable and buy an intermediate term muni fund. I'm with you on the selling of the Vanguard 500 and buying Total Bond Market. Can't do the tax loss harvest as th...
by multiham
Sat Mar 18, 2017 10:01 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Looking to retire in 6 years at 57. Need help with Fixed Income Funds
Replies: 8
Views: 618

Portfolio Review - Looking to retire in 6 years at 57. Need help with Fixed Income Funds

Looking for some advice on my portfolio. After being on forum for 3 months, I have changed some of my thoughts and assumptions. Looking to retire in 6 years at 57. Sorry for so much information below, but have learned from other posts to include as much as possible. Emergency Funds: 9 months at Amer...
by multiham
Mon Mar 13, 2017 7:50 pm
Forum: Investing - Help with Personal Investments
Topic: I-bonds
Replies: 41
Views: 5916

Re: I-bonds

... Today I purchased an I-Bond from Treasury Direct. Went out to the site and can see my purchase. Here are my questions: 1. I did not get a serial number with the bond. Did that go away now that you purchase them electronically and they are held at TD? Yes. You do get purchase confirmations, in t...
by multiham
Mon Mar 13, 2017 5:58 pm
Forum: Investing - Help with Personal Investments
Topic: I-bonds
Replies: 41
Views: 5916

Re: I-bonds

General question on holding Bonds at Treasury Direct. I had not purchased any Savings Bonds in the last 10 years or so. The last ones I purchased were paper and I have been keeping track of them in the Savings Bond Wizard that Treasury Direct offers. This allows me to see my accrued interest and bal...
by multiham
Sun Mar 12, 2017 5:35 pm
Forum: Investing - Help with Personal Investments
Topic: 401K Question on Contributions and Earnings
Replies: 2
Views: 285

Re: 401K Question on Contributions and Earnings

Can you clarify what the restricted company match is. Are these unvested employer contributions? Are they RSUs? ... You do seem to have an understanding of the various accounts. Does your plan allow in-service rollovers of the post-tax contributions and earnings? Personally, I prefer to use (and wi...
by multiham
Sun Mar 12, 2017 12:53 pm
Forum: Investing - Help with Personal Investments
Topic: 401K Question on Contributions and Earnings
Replies: 2
Views: 285

401K Question on Contributions and Earnings

Have a 401K with my employer. My company allows you to put in post tax contributions. My question is around handling the balance when I retire and also around the Roth portion of the 401K. The below represents my 401K balance broken out by classification my company uses. I am trying to get answers f...
by multiham
Sun Mar 05, 2017 7:52 pm
Forum: Investing - Help with Personal Investments
Topic: Help With Roth Ladders
Replies: 9
Views: 813

Re: Help With Roth Ladders

The Root of Good blog has a write up on Roth conversion ladders: http://rootofgood.com/roth-ira-conversion-ladder-early-retirement/ Thank you for posting. This is the article that has me asking the questions. What confuses me is that I do not believe I can start pulling $ out of my 401K to do the R...
by multiham
Sun Mar 05, 2017 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: Help With Roth Ladders
Replies: 9
Views: 813

Re: Help With Roth Ladders

Thank you all for the help! I will ask our administrator some additional questions. Does anyone else have any recommendations on books or really good articles on Roth Ladders? Any real world examples of people doing this in their 401K that they would like to share or point me in the direction of a p...
by multiham
Sun Mar 05, 2017 12:46 pm
Forum: Investing - Help with Personal Investments
Topic: Help With Roth Ladders
Replies: 9
Views: 813

Help With Roth Ladders

Looking to get advice and also a list of questions that I need to research with my 401K. Age: 51 Retirement: Looking to retire between 55 and 57 Current 401K Balance: $1.35 million Contributions: $34,000 including Catch-Up and after tax contributions (Our plan allows us to put in after tax contribut...
by multiham
Mon Feb 13, 2017 10:22 pm
Forum: Investing - Help with Personal Investments
Topic: Confused on Roth 401k
Replies: 4
Views: 505

Confused on Roth 401k

Read the wiki, but still confused. I am 51 years old The company I work for has a Roth 401k option, and allows you to contribute after tax $'s to you hit the $53,000 contribution level Here is where I get confused. If I contribute $24,000 pretax into regular 401k, can I then do additional after tax ...

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