Search found 114 matches

by pepperz
Wed Nov 15, 2017 8:59 am
Forum: Investing - Help with Personal Investments
Topic: Going to College to become a Teacher - 19 Started Roth IRA.
Replies: 14
Views: 1020

Re: Going to College to become a Teacher - 19 Started Roth IRA.

Call or write a hand written letter to all the principals / superintendents in your local area. Tell them it would mean the world to you if you could bring them coffee / lunch and just have the opportunity to interview them and ask their advice for your future. They will not only give you advice you...
by pepperz
Wed Nov 15, 2017 8:53 am
Forum: Personal Finance (Not Investing)
Topic: How much to charge for nanny services on New Year's Eve?
Replies: 29
Views: 2002

Re: How much to charge for nanny services on New Year's Eve?

Two ways to think about this: 1) What is the customer willing to pay? 2) What would your wife be happy making? $20 is definitely not too much of an increase from her regular rate. Especially for NYE. I’d suggest approach #2 if $20/hour is the most she has charged before. She’ll be happy to make that...
by pepperz
Sun Nov 12, 2017 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: "Starter House" - to pay off or not?
Replies: 13
Views: 1445

Re: "Starter House" - to pay off or not?

I wouldn’t pay it off if you you will be buying another home in 1-2 years. You would be tying up your cash reserves in the house and would probably be forced to sell in order to have a down payment on the next home. But wouldn’t having a HELOC allow us to use that to make a down payment without hav...
by pepperz
Sun Nov 12, 2017 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: "Starter House" - to pay off or not?
Replies: 13
Views: 1445

"Starter House" - to pay off or not?

Please help me analyze if this mortgage is worth paying off? We have $140K left on the mortgage at 5% interest. If we were to sell today we could probably get $260K. Paying off the home would take pretty much all our non-retirement assets... but my thinking is we could get a HELOC (on the paid off h...
by pepperz
Sat Nov 04, 2017 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: Best practice re: Savings?
Replies: 11
Views: 1573

Best practice re: Savings?

What would you suggest as a rule of thumb long term / short term savings? Of course the ideal is to lower expenses as much as possible and save everything you possibly can. Just looking for a more practical heuristic we can apply that won’t require a huge lifestyle change at this point. I’ve heard D...
by pepperz
Sat Nov 04, 2017 6:21 pm
Forum: Investing - Help with Personal Investments
Topic: Children's money?
Replies: 26
Views: 2725

Re: Children's money?

We opened a 529 when our daughter was born. Any monetary gifts we receive from family go right into that account. We’re not maxing out our own retirement accounts yet but when we do, we’ll focus our own money there as well. We decided to go 100% stocks for the 529. Since it’s really just gifts going...
by pepperz
Fri Jul 28, 2017 6:06 am
Forum: Personal Finance (Not Investing)
Topic: Do people really buy foreclosures unseen?
Replies: 21
Views: 2578

Re: Do people really buy foreclosures unseen?

Carefreeap wrote:There's nothing illegal about knocking on the door or leaving a note but be pleasantly surprised if you get cooperation. In other words why would they cooperate?
How about knocking on the door and offering $100 cash to whomever answers for a 5 minute walk-thru of the house?
by pepperz
Sun Jul 09, 2017 10:53 pm
Forum: Investing - Help with Personal Investments
Topic: Should I invest in this business?
Replies: 19
Views: 1526

Re: Should I invest in this business?

Before you delve into the specifics of this type of business and what you expect from it: What is this person's (your potential future partner) background and how successful has he been with entrepreneurial ventures in the past? What were they and what were the outcomes? Has he opened a brick and mo...
by pepperz
Mon Jul 03, 2017 4:37 pm
Forum: Investing - Theory, News & General
Topic: 100% stocks no debt?
Replies: 56
Views: 4924

Re: 100% stocks no debt?

Thesaints wrote:You might, but the real downside is an economic downturn when your stock value plunges and you lose your job.
I guess that's what I'm wondering... historically if you look at any 30 year period how bad has it been to be invested in the market that whole time?
by pepperz
Mon Jul 03, 2017 1:25 pm
Forum: Investing - Theory, News & General
Topic: 100% stocks no debt?
Replies: 56
Views: 4924

100% stocks no debt?

I read someone's post the other day got to thinking about enjoying the benefits of the market while protecting your down side. Hypothetical: Let's say you're relatively young (35), and have a secure job making $4K/month after taxes. Your $350K mortgage is paid off and you have no debts Expenses are ...
by pepperz
Tue Jun 20, 2017 12:19 pm
Forum: Personal Consumer Issues
Topic: is luxury car a smarter purchase?
Replies: 102
Views: 8070

Re: is luxury car a smarter purchase?

DaftInvestor wrote:Do you have a link to the article you read?
Here is the e-book which gave me this idea:

http://resources.palmbeachgroup.com/spe ... g-Rich.pdf

Please see pages 3-4, 8 ("cost of use"), and 43.
by pepperz
Tue Jun 20, 2017 10:49 am
Forum: Personal Consumer Issues
Topic: is luxury car a smarter purchase?
Replies: 102
Views: 8070

Re: is luxury car a smarter purchase?

FYI: Here is the e-book which gave me this idea...

http://resources.palmbeachgroup.com/spe ... g-Rich.pdf

Please see pages 3-4, 8 ("cost of use"), and 43.
by pepperz
Mon Jun 19, 2017 11:15 pm
Forum: Personal Consumer Issues
Topic: is luxury car a smarter purchase?
Replies: 102
Views: 8070

is luxury car a smarter purchase?

Does it ever make *more* financial sense to buy a used luxury car over a regular new / used car? For instance, I've heard BMW's hold their value and quality substantially better than normal American / Japanese cars. An article I read stated how a used BMW 760Li that is 1-3 years old with 40K miles, ...
by pepperz
Mon Apr 03, 2017 10:29 am
Forum: Investing - Theory, News & General
Topic: 100% stocks in ROTH?
Replies: 27
Views: 2111

Re: 100% stocks in ROTH?

NiceUnparticularMan wrote:If you know stocks are going to outperform bonds in the long run, why aren't you 100% invested in stocks in general?


Isn't that exactly what I'm expressing with a 70/30 AA?
by pepperz
Mon Apr 03, 2017 9:09 am
Forum: Investing - Theory, News & General
Topic: 100% stocks in ROTH?
Replies: 27
Views: 2111

100% stocks in ROTH?

Our asset allocation is currently 70/30. Currently our ROTHS are 100% stocks and the other tax deferred accounts make up for it by having more bonds. My thinking of course is the stocks will grow more than the bonds and we won't have to pay taxes on the growth in the ROTH accounts. Is this thinking ...
by pepperz
Sat Apr 01, 2017 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Florida prop taxes + insurance?
Replies: 23
Views: 1861

Florida prop taxes + insurance?

We live in TN now and I've been researching relocating to Jupiter FL. The real estate prices aren't cheap but boy are the property taxes / insurance crazy high compared to TN. If we buy a 400K house (which is on the low side there) we'd be looking at $750/month just in taxes and insurance. It feels ...
by pepperz
Thu Mar 23, 2017 8:45 pm
Forum: Investing - Theory, News & General
Topic: AA after reaching your "freedom number"?
Replies: 39
Views: 4654

Re: AA after reaching your "freedom number"?

Depends. How will you feel if your $3M drops to $1.5M? Is $3M really your number if it can only provide for you in an aggressive portfolio with no major bear market? I guess your point illustrates my question. Do you consider a yearly expected average return of 4% to be an aggressive portfolio? You...
by pepperz
Thu Mar 23, 2017 7:26 pm
Forum: Investing - Theory, News & General
Topic: AA after reaching your "freedom number"?
Replies: 39
Views: 4654

AA after reaching your "freedom number"?

What are the Bogleheads recommended practices for how to allocate your portfolio once you've reached your "goal" number and wish to stop "working for a living"? Popular opinion from what I've read here seems to be 50(stocks)/50(bonds) or even 40(stocks)/60(bonds). Is this what mo...
by pepperz
Fri Mar 10, 2017 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Emergency fund for business - best practice?
Replies: 10
Views: 903

Emergency fund for business - best practice?

My partner and I own a business that has fixed expenses of about $20K/month. This number includes the salaries we pay ourselves. We're thinking of prioritizing a 6 month "emergency fund" for the business in case of difficult times. We are not in a volatile industry or have reason to believ...
by pepperz
Fri Mar 10, 2017 9:22 am
Forum: Investing - Theory, News & General
Topic: Bank CD's vs Brokerage account CD's?
Replies: 6
Views: 1109

Bank CD's vs Brokerage account CD's?

Can someone explain the difference is between getting a CD directly from a bank vs through an ETF trade in your brokerage account?

I have Merril Lynch (and Vanguard) accounts. ME gives me free trades on all ETF'S and I see options there to invest in seemingly any CD across the country.
by pepperz
Sun Mar 05, 2017 1:36 pm
Forum: Investing - Theory, News & General
Topic: what kind of IRA is right for me?
Replies: 5
Views: 701

Re: what kind of IRA is right for me?

If your partner does not want the business to make any employer contributions, you can still contribute up to 18K employee salary deferral yourself. Thanks DSI that is useful. One followup question please: Since our business is a pass through LLC, the way I understand it is there is no difference b...
by pepperz
Sat Mar 04, 2017 8:27 pm
Forum: Investing - Theory, News & General
Topic: what kind of IRA is right for me?
Replies: 5
Views: 701

Re: what kind of IRA is right for me?

Thanks for the thoughtful response DSI. My inclination has been that Solo 401K is superior for the reasons you mentioned in your first paragraph. I'm not sure if your LLC is taxed as S-Corp or schedule C We are a pass through LLC so I don't think S-Corp. "The company" doesn't pay taxes as ...
by pepperz
Sat Mar 04, 2017 9:49 am
Forum: Investing - Theory, News & General
Topic: what kind of IRA is right for me?
Replies: 5
Views: 701

what kind of IRA is right for me?

Having trouble getting clear answers from my accountant and hoping you guys can help me. I run an LLC business. I have a business partner (we are each 50/50 members). We have 1099 contractors but no employees. Currently I only have a Roth IRA and would like to open the right tax deferred IRA for me....
by pepperz
Sun Feb 26, 2017 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: "Tithing" money to your parents?
Replies: 12
Views: 2249

Re: "Tithing" money to your parents?

Ignoring the implied tax fraud option, the best option is to just send them 500/month. That's it. It's not taxable income to them and it sure isn't deductible to you. There are literally no other choices. I was not implying tax fraud. I could easily come up with responsibilities for my mother to ta...
by pepperz
Sun Feb 26, 2017 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: "Tithing" money to your parents?
Replies: 12
Views: 2249

"Tithing" money to your parents?

I'm planning to start gifting $500/month to my parents. Wondering the best way to do this from a tax perspective... Is it possible to somehow deduct this as a Contribution in my taxes? I run a business (LLC) and was thinking I could add my mother as a 1099 contractor but then she would have to pay t...
by pepperz
Sat Feb 18, 2017 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Life insurance policy on kids - prudent?
Replies: 35
Views: 2836

Re: Life insurance policy on kids - prudent?

with the insurance you would be basically taking a gamble on the long shot that they would die young, which is sort of morbid in my mind. Agreed but that's exactly what I'm thinking. I've added the following to my original post for clarification: UPDATE: Wanted to add... my motivation behind this i...
by pepperz
Sat Feb 18, 2017 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Life insurance policy on kids - prudent?
Replies: 35
Views: 2836

Re: Life insurance policy on kids - prudent?

Just to be a counter balance i have heard one reasonable argument. Loss of a child can be so emotionally destructive as to make continue work/employment difficult and loss is also often financially difficult because people spend a lot trying to either safe or honor their children. So a policy could...
by pepperz
Fri Feb 17, 2017 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance policy on kids - prudent?
Replies: 35
Views: 2836

Life insurance policy on kids - prudent?

Would Bogleheads philosophy say part of responsible planning is to take out life insurance policies for each of your children? A financial planner mentioned this to me in passing 10+ years ago and now that our first child is 3 months old I have been remembering that "advice" and haunted by...
by pepperz
Fri Feb 17, 2017 5:57 am
Forum: Investing - Help with Personal Investments
Topic: 529 Asset Allocation - is this valid thinking?
Replies: 54
Views: 3283

Re: 529 Asset Allocation - is this valid thinking?

We are actually more conservative on asset allocation for the 529s we have set up for our kids, because the time horizon is shorter so we don't believe we can take as much risk. That makes sense however in my situation (since we are not maxing out retirement yet) I feel we really won't be contribut...
by pepperz
Thu Feb 16, 2017 9:37 pm
Forum: Investing - Help with Personal Investments
Topic: 529 Asset Allocation - is this valid thinking?
Replies: 54
Views: 3283

529 Asset Allocation - is this valid thinking?

I understand one should not prioritize funding a 529 account before first maxing out their retirement accounts. My wife and I are *not yet* maxing both our IRA's but relatives gifted us a total of $650 for our (currently) 3 month old baby's future over the holidays. Today I opened a 529 account and ...
by pepperz
Fri Jan 27, 2017 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Help, please, on new salary negotiations
Replies: 68
Views: 6020

Re: Help, please, on new salary negotiations

Lots of great advice.

My 2 cents: After your boss tells you what the best he can do, respond with: "that's not the number I had in mind, but..." ;)
by pepperz
Sun Jan 22, 2017 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage in 7 years using HELOC?
Replies: 19
Views: 4275

Pay off mortgage in 7 years using HELOC?

Hey Guys, I have a friend who was explaining the savings of this approach and wanted to run by you. He says it only works if you're not living paycheck to paycheck and have extra money at the end of each month. The idea is you use a HELOC to pay off your mortgage and then pay that down by putting al...
by pepperz
Fri Dec 30, 2016 12:09 pm
Forum: Investing - Theory, News & General
Topic: How A 28-Year-Old Who Retired With A $2 Million Net Worth Is Investing In 2017
Replies: 42
Views: 6195

Re: How A 28-Year-Old Who Retired With A $2 Million Net Worth Is Investing In 2017

So this is another new minted financial guru who claims to have saved enough to retire young but really transitioned to a career as a blogger. Color me skeptical of these folks. I hear you but at the same time what do we expect her to do... live out the rest of her days on cruises on a deck chair? ...
by pepperz
Fri Dec 30, 2016 6:30 am
Forum: Investing - Theory, News & General
Topic: How A 28-Year-Old Who Retired With A $2 Million Net Worth Is Investing In 2017
Replies: 42
Views: 6195

Re: How A 28-Year-Old Who Retired With A $2 Million Net Worth Is Investing In 2017

Anyone else suspect that this might just be fake news? The 28 year old states her mother retired out of college in the early 1950s- this would mean her mother was about 57-58 years old when she was born- I guess possible, but deem unlikely. Where are you and others who have commented seeing anythin...
by pepperz
Thu Dec 29, 2016 10:41 pm
Forum: Investing - Theory, News & General
Topic: How A 28-Year-Old Who Retired With A $2 Million Net Worth Is Investing In 2017
Replies: 42
Views: 6195

Re: How A 28-Year-Old Who Retired With A $2 Million Net Worth Is Investing In 2017

Me too. It jumped out at me immediately and I wondered whether if the person had been a man, the statement would have been "That boy advocates low cost index funds....." full disclosure - I entered adulthood when it was still legal when people slammed doors in my face due to my gender.......
by pepperz
Thu Dec 29, 2016 7:54 pm
Forum: Investing - Theory, News & General
Topic: How A 28-Year-Old Who Retired With A $2 Million Net Worth Is Investing In 2017
Replies: 42
Views: 6195

Re: How A 28-Year-Old Who Retired With A $2 Million Net Worth Is Investing In 2017

SueG5123 wrote:"The girl"??? She's 28 years old.


lol out of everything in my post that's what you picked out and commented on? :)

Forgive me if I've offended you. If it's any consolation I would have said "guy" if the person was a male.
by pepperz
Thu Dec 29, 2016 5:15 pm
Forum: Investing - Theory, News & General
Topic: business savings in personal account
Replies: 5
Views: 536

Re: business savings in personal account

What rates are you seeing on business accounts? Vanguard Prime Money market's SEC yield is 0.73% and you can open a business account there. That is great, DSI. Didn't even know that was an option. Just called Vanguard and got an application to open a Business account. Any reason I might *not* want ...
by pepperz
Thu Dec 29, 2016 4:19 pm
Forum: Investing - Theory, News & General
Topic: How A 28-Year-Old Who Retired With A $2 Million Net Worth Is Investing In 2017
Replies: 42
Views: 6195

Re: How A 28-Year-Old Who Retired With A $2 Million Net Worth Is Investing In 2017

[quote="live-soft]And furthermore "My husband still works …." My mom retired right out of college, too, back in the early 1950's. :)[/quote]

This cracked me up :). Thank you.
by pepperz
Thu Dec 29, 2016 3:43 pm
Forum: Investing - Theory, News & General
Topic: How A 28-Year-Old Who Retired With A $2 Million Net Worth Is Investing In 2017
Replies: 42
Views: 6195

How A 28-Year-Old Who Retired With A $2 Million Net Worth Is Investing In 2017

The subject of this thread caught my attention on Facebook. I clicked thru expecting to read some backwards investment advice and was pleasantly surprised. m The young lady advocates low cost index funds / bonds for herself and most people but says it's unrealistic to expect a 10% return each year.....
by pepperz
Thu Dec 29, 2016 2:01 pm
Forum: Investing - Theory, News & General
Topic: business savings in personal account
Replies: 5
Views: 536

business savings in personal account

Our business maintains an emergency fund that we deposit into. I have not been able to locate business savings accounts that offer even HALF the interest rate of some of the personal savings accounts. Any reason I shouldn't open an Allied Bank personal savings and just park the business cash there? ...
by pepperz
Thu Dec 29, 2016 12:15 pm
Forum: Investing - Help with Personal Investments
Topic: Monetary gifts made to our child - account type?
Replies: 4
Views: 402

Re: Monetary gifts made to our child - account type?

Did FIL expect you to save the money for the future or to spend it? He would be fine with whatever we want to do with it but my wife and I would like to save / invest for the future. State tax breaks may be important, so what states are involved? We live in Tennessee. 529 with your or FIL as owner....
by pepperz
Thu Dec 29, 2016 11:58 am
Forum: Investing - Help with Personal Investments
Topic: Monetary gifts made to our child - account type?
Replies: 4
Views: 402

Monetary gifts made to our child - account type?

Our first baby is 1.5 months old. I looked into opening a 529 when our baby was born but decided against it because my wife and I are not maxing out our own retirement accounts yet. For Christmas last weekend, my father-in-law gave us a $250 check made our to our child's name. Now it seems like a 52...
by pepperz
Wed Dec 28, 2016 12:03 am
Forum: Investing - Theory, News & General
Topic: Business Online Savings Account?
Replies: 2
Views: 392

Business Online Savings Account?

Our business maintains a "Business Profit" account. It's currently a checking account with BOA (they gave us the account free.) Plan is for this account to serve as our "business emergency fund" as well as take distributions / make new biz moves as the account grows. I'm familiar...
by pepperz
Mon Dec 26, 2016 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: How do you plan for retirement?
Replies: 32
Views: 3314

How do you plan for retirement?

How do you know you're contributing "enough" to retirement? Do you have a "goal amount" that you're aiming for? i.e. "We need $3M in 30 years" And then work towards that number? Or do you just put a percentage of your take home into retirement hoping it will all work ou...
by pepperz
Fri Dec 16, 2016 6:43 pm
Forum: Investing - Help with Personal Investments
Topic: [Retirement] How to know if you're on track?
Replies: 11
Views: 2099

[Retirement] How to know if you're on track?

How do you guys know if your plan is on track with respect to your Retirement goals? e.g. If my goal is to have $3M in retirement 30 years from now... I can of course just contribute as much as possible each year "hoping I get there" and always feel like I'm behind. But surely there's a be...
by pepperz
Wed Dec 14, 2016 5:12 pm
Forum: Investing - Help with Personal Investments
Topic: Manufacturing a 15% tax bracket
Replies: 18
Views: 2148

Re: Manufacturing a 15% tax bracket

Wow this clears up a lot guys... thank you. So I guess the question is, what's so important about achieving the 15% bracket? I suppose that's the new question I have! ... is there a benefit to doing this? I mean obviously if you can step yourself down to a lower tax bracket you get to sock away all ...
by pepperz
Wed Dec 14, 2016 5:06 pm
Forum: Investing - Help with Personal Investments
Topic: Income for mortgage and 401k contribution
Replies: 5
Views: 728

Re: Income for mortgage and 401k contribution

Hi, I'm a banker and do a lot of residential mortgages. Don't worry about your 401k contributions! Lenders look at gross income. That's one of the reasons we request your W2s and pay stubs, not just your tax returns. That's excellent news! As to why I was getting conflicting information on this... ...
by pepperz
Tue Dec 13, 2016 1:00 am
Forum: Investing - Help with Personal Investments
Topic: Manufacturing a 15% tax bracket
Replies: 18
Views: 2148

Re: Manufacturing a 15% tax bracket

It's not clear from your OP what is your goal in all this. Why do you want to get your taxable income down? 15% is a tax bracket that you are paying on that income regardless of the income above it. My goal I suppose is to keep our tax burden as low as possible while retaining as much of our income...
by pepperz
Tue Dec 13, 2016 12:19 am
Forum: Investing - Help with Personal Investments
Topic: Income for mortgage and 401k contribution
Replies: 5
Views: 728

Income for mortgage and 401k contribution

Can anyone tell me definitively whether a mortgage company considers any 401K contributions you may have made when evaluating your income? We're looking to mortgage a larger house in 2-3 years and I'd like to best prepare to get approved. I'm afraid we'd shoot ourselves in the foot by contributing t...
by pepperz
Tue Dec 13, 2016 12:14 am
Forum: Investing - Help with Personal Investments
Topic: Manufacturing a 15% tax bracket
Replies: 18
Views: 2148

Re: Manufacturing a 15% tax bracket

DSInvestor wrote:Remember that Taxable Income = AGI - deductions - exemptions.


Thank you for setting me straight, DSI. I'm going to revise my original post to use "AGI" instead of "Taxable Income".