Search found 250 matches

by noco-hawkeye
Sun Jan 14, 2018 10:01 am
Forum: Investing - Help with Personal Investments
Topic: Funding 529s and retirement from taxable investment accounts
Replies: 11
Views: 771

Re: Funding 529s and retirement from taxable investment accounts

I agree with kaneohe above. My other question would be - what are these assets currently earmarked for? Is you taxable account going to be used for <anything>? My taxable is really part of my retirement savings, and if I took from my retirement savings to go into a 529 I would need to then make that...
by noco-hawkeye
Fri Jan 12, 2018 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Pay off student loans after kid graduates?
Replies: 35
Views: 2145

Re: Pay off student loans after kid graduates?

One trick you might want to look into ASAP - Can you do a quick contribution into a 529, get a state deduction - and use that? I'm not sure that is possible or not, but something that might turn out to juice your own state tax load. I'm pretty sure you cannot use 529 money to pay off student loans....
by noco-hawkeye
Fri Jan 12, 2018 8:53 am
Forum: Investing - Help with Personal Investments
Topic: 401K high fees, no match - don't use it? Backdoor Roth instead...
Replies: 24
Views: 1055

Re: 401K high fees, no match - don't use it? Backdoor Roth instead...

I agree with CnC that your total savings rate seems concerning. You should be averaging around 15% (or more), unless you have some special circumstances. The other aspect is that you said you were right at the limit for a backdoor. If you max out your 401k, I thought that would decrease your income ...
by noco-hawkeye
Thu Jan 11, 2018 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Pay off student loans after kid graduates?
Replies: 35
Views: 2145

Re: Pay off student loans after kid graduates?

One trick you might want to look into ASAP -

Can you do a quick contribution into a 529, get a state deduction - and use that?

I'm not sure that is possible or not, but something that might turn out to juice your own state tax load.
by noco-hawkeye
Tue Jan 09, 2018 11:15 pm
Forum: Personal Finance (Not Investing)
Topic: Any downside to paying with HSA?
Replies: 21
Views: 1732

Re: Any downside to paying with HSA?

I'd encourage you to do the same if you financially are able to. This is the key thing with HSA accounts - IF you can afford it, pay out of pocket and let the HSA grow. If you have a year where you are going to spend a lot of healthcare money, and the budget is tight - I find HSA accounts are less ...
by noco-hawkeye
Tue Jan 09, 2018 11:08 pm
Forum: Investing - Theory, News & General
Topic: Why are 401k ROTH rare?
Replies: 11
Views: 1205

Re: Why are 401k ROTH rare?

A couple of possible reasons - Roth 401k has been around maybe 10 years, maybe 15? HR departments move slow. A roth 104k might not be as appealing to some. Try maxing out the roth option vs the traditional option, employees probably like and adopt the traditional version more broadly (since your tak...
by noco-hawkeye
Mon Jan 08, 2018 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Lowball offer on a home
Replies: 82
Views: 6882

Re: Lowball offer on a home

I agree for the lowball in your position. They may very well be offended and end up taking a much higher offer. That's not your problem or concern. Offer what it is worth to you, and you seem to have a reasonable handle that this much work will not be cheap, easy, or quick. If someone else wants to ...
by noco-hawkeye
Thu Jan 04, 2018 8:10 am
Forum: Personal Finance (Not Investing)
Topic: Cash-out refinance to REDUCE equity?
Replies: 18
Views: 1497

Re: Cash-out refinance to REDUCE equity?

If you felt like 1M$ is too much of a house to have in your portfolio, you could also move / downsize. I could see maybe taking out a heloc for some renovations, but taking out a mortgage on a paid off house seems like a poor move to me. You've qualified to live in a 1M$ home, so you have a combinat...
by noco-hawkeye
Wed Dec 27, 2017 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Would you sign a non-compete for a side-gig consulting agreement?
Replies: 44
Views: 2140

Re: Would you sign a non-compete for a side-gig consulting agreement?

Why would you even consider signing a non-compete for such a minimal financial gain. Not worth it. Stick to non-disclosure and IP agreement. +1. If you are doing it largely for fun/ beer money it makes no sense sense to sign something like this. Ask them to take it out. Agree. I work in tech / have...
by noco-hawkeye
Mon Dec 25, 2017 9:45 pm
Forum: Investing - Help with Personal Investments
Topic: 5 year recommendation? Real estate, investing, early retirement?
Replies: 9
Views: 1187

Re: 5 year recommendation? Real estate, investing, early retirement?

2) invest the $10,000 2 month into the market (how? Into what?) with confidence were at the beginning of a business boom thanks to the tax cuts If your justification for item #2 is the recent change in tax policy - what makes you think it won't change within 5 years? I risk being moderated, but mak...
by noco-hawkeye
Thu Dec 21, 2017 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 878
Views: 48589

Re: Can I pre-pay 2018 mortgage and deduct interest on 2017 taxes?

When you make a payment, I recall that it's possible to say where the extra portion of the payment goes. (almost always this is principle) My question is - are you sure you are in this big of a hurry to pay extra interest? Consider this example - You see a windfall that provides enough money to pay ...
by noco-hawkeye
Wed Dec 20, 2017 9:37 pm
Forum: Investing - Help with Personal Investments
Topic: How many 529 accounts?
Replies: 9
Views: 904

Re: How many 529 accounts?

Also - I don't see the book keeping as all that much work. It's trivial to setup a 2nd account and report contributions for it. Plus, you can try to setup some degree of equality or fairness if you contribute into both equally.
by noco-hawkeye
Wed Dec 20, 2017 9:35 pm
Forum: Investing - Help with Personal Investments
Topic: How many 529 accounts?
Replies: 9
Views: 904

Re: How many 529 accounts?

We did an account for each kiddo.

Your state might have an automatic age based portfolio - I'd see that as difference. So the younger kiddo stays aggressive a bit longer. and the older kiddo goes more and more into bonds and conservative choices.
by noco-hawkeye
Mon Dec 11, 2017 8:23 pm
Forum: Investing - Help with Personal Investments
Topic: Where do I put 50k I don't need?
Replies: 25
Views: 2926

Re: Where do I put 50k I don't need?

Place it in bitcoin.

Lights match.... watches the thread catch fire. ;)

In all reality I'd just total market index this, or a 60/40 balanced fund.
by noco-hawkeye
Sun Dec 10, 2017 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Which version of tax software?
Replies: 10
Views: 482

Re: Which version of tax software?

It sounds like you are a 1099 employee? I think thats the form, at least.

*I looked at this type of employment relationship, but never took it. Also, I'm not a tax expert. :D
by noco-hawkeye
Sun Dec 03, 2017 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Housing Heuristics - Rising Income
Replies: 15
Views: 1207

Re: Housing Heuristics - Rising Income

I think many times a younger buyer is encouraged to "buy as much house as you can afford" in todays dollars. This behavior can have a number of bad side effects (see 10 years ago). However, when things work themselves out - then this buyer usually ends up in a house that matches up with their income...
by noco-hawkeye
Sat Dec 02, 2017 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: How will i be taxed when switching jobs?
Replies: 25
Views: 1493

Re: How will i be taxed when switching jobs?

One other thing - when people start making more and more money - the least likely thing that occurs is "I get a very big refund come following april".

:wink:
by noco-hawkeye
Sat Dec 02, 2017 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: How will i be taxed when switching jobs?
Replies: 25
Views: 1493

Re: How will i be taxed when switching jobs?

Agree with the others, and just fill out your with holdings in a semi reasonable manner / your best guess. The one thing that might be applicable for a high paying job is that SS withholding reaches a max. So something like your first $120k has SS taxes on it, but after that you stop paying that tax...
by noco-hawkeye
Wed Nov 29, 2017 8:37 pm
Forum: Investing - Help with Personal Investments
Topic: Invest or pay off mortgage?
Replies: 77
Views: 6419

Re: Invest or pay off mortgage?

Split. 1/2 invest 1/2 pay debt. Open line of credit. If market crashes tomorrow, buy back stock. I think this is a good starting point for most people on this board. (outside of the credit line for stock buys - not a fan of this) Most people not on this board should invest first. Things to consider...
by noco-hawkeye
Mon Nov 27, 2017 10:27 pm
Forum: Investing - Help with Personal Investments
Topic: Inheriting a large sum, slightly intimidated.
Replies: 51
Views: 5305

Re: Inheriting a large sum, slightly intimidated.

I wouldn't worry too much about taxes. Remember, you only have to pay taxes on gains, and that is a good problem to have. If Total Bond Market works for you, I would not hesitate to hold it. I do think a muni bond fund would be a good option as well for a portion of your bond allocation. If any of ...
by noco-hawkeye
Mon Nov 27, 2017 8:10 pm
Forum: Investing - Help with Personal Investments
Topic: Inheriting a large sum, slightly intimidated.
Replies: 51
Views: 5305

Re: Inheriting a large sum, slightly intimidated.

At this level, Vanguard provides access to an advisor for free. It's not day to day account management and hand holding, but they will help you get setup or help with a periodic question. I used them for a smaller windfall and found them to be reasonable and helpful, and very trustworthy from my lim...
by noco-hawkeye
Sun Nov 26, 2017 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Any regrets rolling over 401k to Vanguard IRA?
Replies: 20
Views: 1670

Re: Any regrets rolling over 401k to Vanguard IRA?

I think the main regret you'd find would be that this can mess up the taxes for a backdoor roth. I'm not sure you are in this situation, but I imagine this would be a common regret for higher income earners.
by noco-hawkeye
Sun Nov 26, 2017 9:19 am
Forum: Personal Consumer Issues
Topic: Trip to Hawaii - what do I need to know
Replies: 46
Views: 4216

Re: Trip to Hawaii - what do I need to know

3504PIR wrote:
Tue Nov 21, 2017 2:44 pm
hoops777 wrote:
Tue Nov 21, 2017 1:43 am
Go to Maui and call it a day.
Amen.
I agree with this. This helps keep the crowds away from Kauai. :oops:

Maui is a decent starting place, and for most people maybe even the best choice. My heart belongs in Kauai, however.
by noco-hawkeye
Sun Nov 26, 2017 9:12 am
Forum: Personal Finance (Not Investing)
Topic: First Mortgage Payment - WWBHD? [What Would a BogleHead Do]
Replies: 15
Views: 1581

Re: First Mortgage Payment - WWBHD? [What Would a BogleHead Do]

If you are unsure of initial expenses in a new house (which is a perfectly normal concern), you might want to just keep the money in the best savings account you have and wait for 6 months? Jumping on the amortization schedule is a good idea, but if you put that extra 4k to work in month #1 or month...
by noco-hawkeye
Sun Nov 19, 2017 10:22 am
Forum: Personal Consumer Issues
Topic: How much do you budget for vacation?
Replies: 94
Views: 5994

Re: How much do you budget for vacation?

This depends where you are going. The Caribbean / Mexico I think about 1,000-1,500 / person / week. Hawaii is more than that, and I'd think Europe and Hawaii would be in a similar ballpark. Disney amusement parks are probably in the higher end of the Caribbean / Mexico price range. You can do nation...
by noco-hawkeye
Sat Nov 18, 2017 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: What we don't know
Replies: 42
Views: 3001

Re: What we don't know

Maybe view it like this - On average, a casino comes out ahead. Every once in a while, someone gets lucky and really takes them to the cleaners (maybe that is bitcoin right now, maybe not?). Investing in low cost index funds is like choosing to be the casino. Choosing ala carte stocks or high priced...
by noco-hawkeye
Sat Nov 18, 2017 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Looking to payoff mortgage
Replies: 15
Views: 2200

Re: Looking to payoff mortgage

I get the concerns about paying off a low rate on a mortgage. It's not something I did without first thinking about it first. If I had 10x expenses saved - then saving an extra 1-2x expenses is worth some marginal amount to me. If I have 20x expenses saved, then saving an extra 1-2x expenses is wort...
by noco-hawkeye
Sat Nov 18, 2017 9:20 am
Forum: Personal Consumer Issues
Topic: Water Heater Install $1,800!
Replies: 84
Views: 12416

Re: Water Heater Install $1,800!

My rule of thumb is contractors charge about the same amount as parts do. So a 600$ water heater would cost about $1200 to have installed. While $1800 seems high to me, I don't think it's outrageous. I replaced a 50Ga from home depot, was a highly rated unit. We've been very happy with it. If the co...
by noco-hawkeye
Sat Nov 18, 2017 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Looking to payoff mortgage
Replies: 15
Views: 2200

Re: Looking to payoff mortgage

Follow up for this thread - today the wife and I will go to the credit union and PAY OFF THE MORTGAGE! :sharebeer :beer This year has been a bit strange in that I've had a few different jobs. One of those jobs had a significant severance package this year, and I didn't want to make the final payment...
by noco-hawkeye
Fri Nov 17, 2017 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: To buy or not to buy...house buying question (budget)
Replies: 17
Views: 1873

Re: To buy or not to buy...house buying question (budget)

I read a recent article that this thread reminds me of - https://www.cnbc.com/2017/11/16/homeownership-doesnt-build-wealth-study-finds.html Essentially the article is saying that renting comes out ahead, if you end up saving the extra amount of money that you'd be saving vs buying. I'd guess most pe...
by noco-hawkeye
Thu Nov 16, 2017 10:04 pm
Forum: Personal Consumer Issues
Topic: Upgrading a flight - what are your rules?
Replies: 40
Views: 3841

Re: Upgrading a flight - what are your rules?

As stated in earlier post, we ended up upgrading the flight out there. Returning we are sticking with the cheaper seats. We are not the type to upgrade the entire family to business / first - but maybe that will happen when the kids are out of the house. Sometimes the plane makes a difference as wel...
by noco-hawkeye
Mon Nov 13, 2017 10:41 pm
Forum: Personal Consumer Issues
Topic: Upgrading a flight - what are your rules?
Replies: 40
Views: 3841

Re: Upgrading a flight - what are your rules?

The flight is Denver -> Hawaii. Going out there will be a long day, but we can manage. If we can sneak in 2hrs of a nap on the way out, that would be great (but I'm not planning on it). I also value getting there and being in a better mood and having that extra bit of space. Coming back we are alway...
by noco-hawkeye
Mon Nov 13, 2017 9:31 pm
Forum: Personal Consumer Issues
Topic: Upgrading a flight - what are your rules?
Replies: 40
Views: 3841

Upgrading a flight - what are your rules?

We've got a upcoming family trip, for four of us. On the way out, we have a single/direct 8 hr leg. On the way back, we have a 7hr redeye flight back. Right now we've got basic economy booked, and have the option to upgrade to econ plus. The fliers are 5'10", 5'6", and 2 fliers are 5'2" in height. T...
by noco-hawkeye
Sun Nov 12, 2017 9:06 am
Forum: Personal Finance (Not Investing)
Topic: HSA vs PPO Plan
Replies: 9
Views: 992

Re: HSA vs PPO Plan

First off, I think both your plans are better than my choices. Take some stock in that, for what its worth. I think the rules (or at least my rules) where HSA comes out ahead are this: You know / have high confidence you will spend a modest amount on health care during the next year. Especially if y...
by noco-hawkeye
Thu Nov 09, 2017 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Change Withholding in Anticipation of Marriage?
Replies: 4
Views: 435

Re: Change Withholding in Anticipation of Marriage?

solar99999 has a great point. What we've found is that when you have two earners is that withholding does not take out enough, and I think this is a pretty common problem with married people. We have to both claim zero dependents and have extra with held for our numbers to come out even.
by noco-hawkeye
Mon Nov 06, 2017 7:58 pm
Forum: Personal Consumer Issues
Topic: I Cut the Cord yesterday!
Replies: 51
Views: 4668

Re: I Cut the Cord yesterday!

We've saved maybe 1500 / year, and have cut the cord for nearly 10 years now? Thats something! Call your internet provider when your promo rates expire. Go straight into the line to cancel your service, and have a good idea what they are offering new customers. Thats about 500$ / year for us in bet...
by noco-hawkeye
Sun Nov 05, 2017 5:24 pm
Forum: Personal Consumer Issues
Topic: Home network question
Replies: 17
Views: 1284

Re: Home network question

If you are going to run a cable, I might look at fiber optic vs ethernet. There are a number of benefits to fiber vs ethernet - especially if you are going to share electric conduit.
by noco-hawkeye
Sun Nov 05, 2017 11:30 am
Forum: Investing - Theory, News & General
Topic: Bogleheads philosophy invades the NFL
Replies: 7
Views: 1046

Bogleheads philosophy invades the NFL

I found this article very interesting: https://www.cnbc.com/2017/11/03/nfls-john-urschel-lived-on-25000-a-year-explains-how-to-save-money.html His salary was as high as $600,000 in 2016, but you wouldn't know it from his lifestyle: The offensive lineman, who drives a used Nissan Versa that he bought...
by noco-hawkeye
Thu Oct 26, 2017 11:04 pm
Forum: Investing - Help with Personal Investments
Topic: International Returns this month
Replies: 19
Views: 1844

Re: International Returns this month

One month does not make a "change in tide". You'll only see the change in tide in hindsight, not ahead of time.
by noco-hawkeye
Mon Oct 23, 2017 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: negotiating a home purchase (price reduction v work done by seller)
Replies: 9
Views: 807

Re: negotiating a home purchase (price reduction v work done by seller)

The other advantage you get by doing it yourself - you get to make sure it turns out how you like it. The seller just wants to make sure things are "good enough".
by noco-hawkeye
Mon Oct 23, 2017 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: negotiating a home purchase (price reduction v work done by seller)
Replies: 9
Views: 807

Re: negotiating a home purchase (price reduction v work done by seller)

This is exactly what we did with our current home - we took on improvements in exchange for a lower price. The question / issue that would bother me would be - are the current issues something that are going to be contained and something you are comfortable taking on? You mentioned basement issues, ...
by noco-hawkeye
Fri Oct 20, 2017 7:43 am
Forum: Investing - Help with Personal Investments
Topic: Need investment advice since wife became stay-at-home mom
Replies: 19
Views: 1935

Re: Need investment advice since wife became stay-at-home mom

collectionlawyer wrote:
Wed Oct 18, 2017 8:26 am
... So far, the transition has been a success from a lifestyle and budgeting perspective. ...
We did the same thing, and this was the most difficult thing for us. If you can do this, it's a very good sign. Keep it up! :sharebeer
by noco-hawkeye
Tue Oct 17, 2017 9:09 pm
Forum: Personal Consumer Issues
Topic: urgent battery pack recommendation for mac book pro
Replies: 10
Views: 593

Re: urgent battery pack recommendation for mac book pro

You might want to check your flight - many now have regular power outlets that might do what you need. Is there a 3rd party apple store around? (A store that focuses on Apple products, but not owned by Apple) They might be a bit more accommodating. I think your battery idea is going to be a hassle, ...
by noco-hawkeye
Mon Oct 16, 2017 7:27 am
Forum: Personal Finance (Not Investing)
Topic: HSA’s: What level of risk do you prefer?
Replies: 58
Views: 4227

Re: HSA’s: What level of risk do you prefer?

Don't you have to consider your out of pocket limits and the cash you typically keep on hand elsewhere? Consider someone who keeps an HSA 100% in equities, and the market is 50% down. This person has a large health care expense, and they need to spend maybe $5k out of pocket. If you are going to let...
by noco-hawkeye
Sat Oct 14, 2017 6:07 pm
Forum: Investing - Help with Personal Investments
Topic: Help on simplifying my portfolio
Replies: 24
Views: 1780

Re: Help on simplifying my portfolio

Yes, I can rollover my old one to my current 401k; but the one thing that holding me back is the company stock fund that is available there. Its been a bad year, and would like to wait a little bit to re-balance before roiling over. I don't understand, please elaborate. I don't see how the company ...
by noco-hawkeye
Fri Oct 13, 2017 7:48 am
Forum: Personal Consumer Issues
Topic: First visit to Hawaii (flight, Amex Plat benefits, extend stay?)
Replies: 53
Views: 4114

Re: First visit to Hawaii (flight, Amex Plat benefits, extend stay?)

We've been to Kauai a handful of times, and will be going again in 6 months. My $.02: 5 nights is not that much time, I would stay on one island. I'd stay on Kauai for up to maybe 10 or 11 nights before I started looking at two islands. You will eat up a chunk of time transferring to another island ...
by noco-hawkeye
Tue Oct 03, 2017 8:26 pm
Forum: Personal Consumer Issues
Topic: My first promotion without a pay increase
Replies: 47
Views: 5358

Re: My first promotion without a pay increase

I also work in IT, and have seen and experienced the same thing you are going through. It's very common. There are two types of people in this situation: Type 1 wants to keep income coming in, enjoys stability, and wants to progress in his current company. His employer knows this, and gives out smal...
by noco-hawkeye
Tue Oct 03, 2017 8:12 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on rolling over past 401ks
Replies: 2
Views: 498

Thoughts on rolling over past 401ks

I have taken a new job, and now am looking at my new 401k options - in addition to my (2) old 401ks from previous employers. My new 401k has vanguard target date funds as the default, and then also Vanguard Small Cap Index Fund Admiral Vanguard Mid Cap Index Fund Admiral Vanguard 500 Index Fund Admi...
by noco-hawkeye
Sun Oct 01, 2017 8:32 pm
Forum: Investing - Theory, News & General
Topic: $10 million+ - Still Working and LBYM
Replies: 162
Views: 17840

Re: $10 million+ - Still Working and LBYM

Hypothetically speaking if someone was part of the 3 comma club would you still recommend index funds? At that point you'd be paying 400k per year just to have your funds indexed. Might as well just buy stock at that point. How much would it cost to create your own index fund? You are going to reba...
by noco-hawkeye
Sun Oct 01, 2017 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Reach out to hiring manager directly on LinkedIn?
Replies: 52
Views: 3262

Re: Reach out to hiring manager directly on LinkedIn?

What are you going to reach out to them about? I'd start with something non material first and see if you get any response. I'd start by asking what they are looking for / what the need is. The manager should have a need and a pain point - this is why the job opening would exist. Managers that are ...