Search found 397 matches

by runner540
Tue Nov 21, 2017 9:39 am
Forum: Investing - Help with Personal Investments
Topic: Time for my checkup - **Warning - long post**
Replies: 16
Views: 1690

Re: Time for my checkup - **Warning - long post**

What is included in the $3900 savings? (Maxing 2 401ks would be $3000) As mega317 noted, your total expenses/savings/taxes/debt repayment is $21,985/month, and your $250k income is $20,833/month. To make progress on your goals (saving for college, paying down debt) you will need to free up some room...
by runner540
Mon Nov 20, 2017 10:32 am
Forum: Investing - Help with Personal Investments
Topic: Buy or rent a house?
Replies: 9
Views: 584

Re: Buy or rent a house?

Here's a buy vs rent index for the top 20 metro areas. Dallas, Denver and Houston really favor renting. https://business.fau.edu/departments/finance/real-estate-initiative/bhj-buy-vs-rent-index/bhj-data-and-graphs/ Over long periods of time, houses roughly hold their value and have a lot of carrying...
by runner540
Fri Nov 17, 2017 8:38 am
Forum: Personal Finance (Not Investing)
Topic: To buy or not to buy...house buying question (budget)
Replies: 17
Views: 1659

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

Your budget sounds reasonable. You and uour family clearly have the emotional reasons to buy, plus financial discipline. Make sure you have good disability, life and umbrella insurance coverage.
by runner540
Tue Nov 14, 2017 3:50 pm
Forum: Local Chapters and Bogleheads Community
Topic: Dallas Chapter
Replies: 3
Views: 350

Re: Dallas Chapter

Still valid. Join the yahoo group to get meeting reminders.
by runner540
Tue Nov 14, 2017 7:14 am
Forum: Personal Consumer Issues
Topic: Selling my house in Miami, is it smart decision?
Replies: 15
Views: 1666

Re: Selling my house in Miami, is it smart decision?

These economists do a buy vs rent index (much more comprehensive than just dividing house price by rent), and according to their work, Miami slightly favors renting right now. No where near as clear as during the housing bubble. https://business.fau.edu/departments/finance/real-estate-initiative/bhj...
by runner540
Mon Nov 13, 2017 7:15 am
Forum: Investing - Help with Personal Investments
Topic: Rapidly pay down student loans prior to house?
Replies: 24
Views: 1567

Re: Rapidly pay down student loans prior to house?

Paying off the student loans in full will allow us to both max out our 401k and Roth IRA contributions as well as save a good chunk of change over the next 2.5 years for moving into and renovating the house as needed. Great decision. No reason to keep $120k in taxable savings while paying interest ...
by runner540
Sun Nov 12, 2017 8:32 pm
Forum: Investing - Help with Personal Investments
Topic: Why pay cash for a car?
Replies: 179
Views: 14747

Re: Why pay cash for a car?

I prefer No monthly payments on anything. Zero Debt. Very old school perhaps but I like the sleep factor. +1 Felt really good to write that check for a car. Seeing the cash leave my account all at once is different than in bites over time - kept me honest about the real cost of the car. Philosophic...
by runner540
Sun Nov 12, 2017 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Getting a home mortgage without spouse?
Replies: 43
Views: 2624

Re: Getting a home mortgage without spouse?

Can you qualify for the mortgage on your income alone?
by runner540
Sun Nov 12, 2017 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Another "Can We Afford This House" ?
Replies: 28
Views: 2596

Re: Another "Can We Afford This House" ?

Three thoughts: 1) your expenses+savings+piti don't add up to your net. Although it's late and I'm tired, I'm seeing a $3-$4k monthly discrepancy. Edit: if current PITI is only $2400 it's even bigger. $17k+$2.4k+5.8k=$25.2k monthly. Where's the other $10k?! 2) if you are bringing in $420k after tax...
by runner540
Sat Nov 11, 2017 11:34 am
Forum: Personal Consumer Issues
Topic: Thoughts about wearing a "uniform"/same thing everyday?
Replies: 140
Views: 9017

Re: Thouhgts about wearing a "uniform"/same thing everyday?

I rock a uniform. I prefer scrubs over professional attire. My reasons: 1. Running around in tennis shoes is easier than heels 2. My tops and bottoms cost $10-12 a piece 3. NO MORE DRY CLEANING BILLS 4. I save a lot of money avoiding Ann Taylor That being said, i do notice that people treat me diff...
by runner540
Fri Nov 10, 2017 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: $23k credit card emergency
Replies: 76
Views: 8117

Re: $23k credit card emergency

A few years older and have been through the process like you(you can look up my first posts on the forum), I have few thoughts. There are 3 ways I worked through it and I am happy I did it that way. 1) Reduce expenses: You can cut netflix etc all you want, but sharing with a roomate is the cheapest...
by runner540
Thu Nov 09, 2017 10:48 am
Forum: Investing - Help with Personal Investments
Topic: What is a reasonable emergency fund for HI family?
Replies: 67
Views: 3778

Re: What is a reasonable emergency fund for HI family?

What is a reasonable emergency fund for HI family? Many people argue its better to pay a monthly bill for disability, etc. and instead invest the rest. Is the 6 mo x monthly spending = emergency fund really sensible if your income is over 100k? Seems like an awful lot is just sitting in a bank acco...
by runner540
Thu Nov 09, 2017 12:47 am
Forum: Personal Finance (Not Investing)
Topic: Did you tell anyone you paid off your mortgage?
Replies: 337
Views: 36237

Re: Did you tell anyone you paid off your mortgage?

I did not tell anyone I paid my mortgage, because I have not paid my mortgage. I have not paid my mortgage, because I have never had a mortgage. I have never had a mortgage, because I have never owned real estate. But here is an interesting observation related to the premise of this thread: - If yo...
by runner540
Wed Nov 08, 2017 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing a health plan with baby on the horizon
Replies: 7
Views: 545

Re: Choosing a health plan with baby on the horizon

Should I really compute $0 for maternity care with Kaiser? You can call your HR department to confirm this but since it has a zero deductable it likely is. -- When my wife will get her pregnancy exams and will be delivering the baby, will they apply the max out of pocket to her individual amount ($...
by runner540
Tue Nov 07, 2017 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: What's the most "interesting" job in corporate finance?
Replies: 20
Views: 1916

Re: What's the most "interesting" job in corporate finance?

M&A transactional work: whatever angle (tax, accounting, investment banking, lending, operations, etc.), this is often a fast-paced, demanding area to work. Also tends to be more highly compensated. Another option is to get some Big 4 experience, then move into small/midsize business and up the rank...
by runner540
Tue Nov 07, 2017 7:23 am
Forum: Investing - Help with Personal Investments
Topic: Where to invest home downpayment which I am not certain when to buy if ever?!
Replies: 62
Views: 3418

Re: Where to invest home downpayment which I am not certain when to buy if ever?!

My house fund for a ~3-5 year time frame is 40% stock/20% bonds/40% cash. I like the Vanguard Life Strategy funds for this. New money goes into cash to gradually reduce risk. This might be more risk than others are comfortable with, but I don't have a hard deadline or an exact $ amount I need to hav...
by runner540
Mon Nov 06, 2017 12:04 pm
Forum: Investing - Help with Personal Investments
Topic: College grad first job-401K or Roth
Replies: 55
Views: 3016

Re: College grad first job-401K or Roth

Welcome to the forum :) . I am 53 and just started to try to understand all this investing stuff. I guess better late than never. I am trying to help son set up retirement account. He is 22, first job, making 55,000. “Word” at his work is that their 401k is not good. He said most guys do not invest...
by runner540
Sun Nov 05, 2017 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Better credit or larger downpayment?
Replies: 18
Views: 1611

Re: Better credit or larger downpayment?

I have ~$150k in non-retirement savings. I will soon be moving back to the States and will need to purchase: 1. A first home (price range ~$400k to $500k) 2. 2 vehicles (1 new minivan and 1 used commuter car) 3. Completely furnish the house from nothing (I own almost nothing--will need bed, couches...
by runner540
Sun Nov 05, 2017 5:03 pm
Forum: Investing - Help with Personal Investments
Topic: A small inheritance, student loans, and a wedding...I want to invest.
Replies: 27
Views: 1686

Re: A small inheritance, student loans, and a wedding...I want to invest.

You (plural) need Dave Ramsey's get out of debt advice!

I don't have a problem if couple or parents want to pay $20k for wedding IF they can afford it without jeopardizing other financial goals. That's not your situation.
by runner540
Sun Nov 05, 2017 4:54 pm
Forum: Investing - Help with Personal Investments
Topic: Preparing For "Early Retirement" In A Couple of Years
Replies: 77
Views: 7457

Re: Preparing For "Early Retirement" In A Couple of Years

Wow. Thanks for the responses. It seems that most of those that responded here didn't read an important part of my post, or that I didn't make it prominent enough, though. I kind of want to make my own business anyway. I can't really imagine a future where I'm not keeping myself occupied with work ...
by runner540
Sun Nov 05, 2017 10:43 am
Forum: Investing - Help with Personal Investments
Topic: Preparing For "Early Retirement" In A Couple of Years
Replies: 77
Views: 7457

Re: Preparing For "Early Retirement" In A Couple of Years

The key to analyzing your ability to 'early retire' is a very good record of your current and future expenses. I cannot get may arms around this line here.... "So, our real expenses if we didn't work and didn't give to charity are around $20k." Does that $20K cover your home and 4 people for: all f...
by runner540
Thu Nov 02, 2017 9:31 pm
Forum: Investing - Help with Personal Investments
Topic: Should I invest my emergency fund?
Replies: 29
Views: 3111

Re: Should I invest my emergency fund?

They should be kept in liquid accounts with low volatility. Breakable CDs. short term bond funds or high yield savings accounts. Yup. The job of your emergency fund is not to "work for you" and earn money. It's there to protect you from having to dip into your investments (perhaps selling at a loss...
by runner540
Wed Nov 01, 2017 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Laid off, 401k rolled to IRA. What are my limits on 401k w/ new employer?
Replies: 9
Views: 627

Re: Laid off, 401k rolled to IRA. What are my limits on 401k w/ new employer?

Congrats on landing another position!

As the other posters said, it's up to you to make sure total contributions across all plans for the year are under the limit. W-2s from both employers will show this amount to the IRS at the end of the year, so there is a "check" on the honor system.
by runner540
Tue Oct 31, 2017 10:32 am
Forum: Investing - Help with Personal Investments
Topic: Early-retired 35 year old with $1 million
Replies: 198
Views: 18631

Re: Early-retired 35 year old with $1 million

OP, The people her are rediculously conservative. You have $1million and want to live on $30k. Historically your assets will continue to grow over the years allowing you some lifestyle creep to your $30k/yr. This is the same crowd that tells a 50 year old they can't retire on $2.5 million spending ...
by runner540
Tue Oct 31, 2017 6:23 am
Forum: Investing - Help with Personal Investments
Topic: First time home buyer - gut check
Replies: 26
Views: 2302

Re: First time home buyer - gut check

OP here. Just wanted to provide an update that we decided to renew our apartment lease for another year. This will allow us to save away for another year and reassess next year. In an effort to not have too much cash on hand, we decided to start a taxable account with an initial investment of $5k. ...
by runner540
Tue Oct 31, 2017 6:22 am
Forum: Personal Finance (Not Investing)
Topic: Will we be house poor in Boston? Help us to set a budget limit
Replies: 36
Views: 2822

Re: Will we be house poor in Boston? Help us to set a budget limit

OP, 1) Before the 500K income, how much was the household income? 2) How stable is the 500K? Do either one of you have an employment contract that guaranteed X years of salary in case of lay off? 3) Why renting is not a viable option? 4) What is the immigration status of both spouses? KlangFool The...
by runner540
Mon Oct 30, 2017 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: New baby and considering going to one income
Replies: 28
Views: 2496

Re: New baby and considering going to one income

Try the TaxCaster app. It will give you a good estimate of your federal (although not state) income taxes. And you can play around with the inputs to see the net effect of increasing/decreasing your 401(k) contributions. Also, I think you may have missed the withholding for Social Security and Medi...
by runner540
Mon Oct 30, 2017 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Can I Afford This House?
Replies: 22
Views: 1702

Re: Can I Afford This House?

Seems like yes.* You and spouse seem to have made the most of your high incomes by keeping a lot of it - well done! In your previous thread (https://www.bogleheads.org/forum/viewtopic.php?f=2&t=230629&p=3587591#p3587591), you were worried about the house value dropping. Has your thinking changed, or...
by runner540
Sun Oct 29, 2017 4:31 pm
Forum: Personal Consumer Issues
Topic: Sunscreen: use it all the time? (And what's a good one w/o sting?)
Replies: 58
Views: 3493

Re: Sunscreen: use it all the time? (And what's a good one w/o sting?)

Do you use sunscreen for everyday activities when it's sunny out? If so, do you have and recommendations for one that doesn't sting? (I have this problem.) Thanks. Yes, I use it every day (sunny or not) on face/neck/hands, even when I don't have outdoor activities planned. (I work in an office) I l...
by runner540
Sun Oct 29, 2017 4:07 pm
Forum: Investing - Help with Personal Investments
Topic: Early-retired 35 year old with $1 million
Replies: 198
Views: 18631

Re: Early-retired 35 year old with $1 million

All the comments about healthcare lead me to believe that many bogleheads are seriously misinformed about it. Healthcare will be a nonissue depending on the state of course. Don’t believe me? Take a look at RootofGood, he posts his entire budget for him, his wife and three kids. Health insurance is...
by runner540
Sun Oct 29, 2017 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Before Student Loans Are Paid Off?
Replies: 6
Views: 714

Re: Mortgage Before Student Loans Are Paid Off?

Very wise of you to be aware that the high income may not last long. Are you and your spouse maxing out all available tax advantaged accounts? That is what I would focus on before buying home. At big-law income levels, it will save you a bundle in taxes to max your 401k's, HSAs, backdoor Roth IRA, e...
by runner540
Sun Oct 29, 2017 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Basic money management s/w for a mac-based millennial English major?
Replies: 21
Views: 1292

Re: Basic money management s/w for a mac-based millennial English major?

I've heard good things about You Need A Budget. Maybe as a gift you can cover the modest fee.
by runner540
Sun Oct 29, 2017 7:36 am
Forum: Investing - Help with Personal Investments
Topic: Early-retired 35 year old with $1 million
Replies: 198
Views: 18631

Re: Early-retired 35 year old with $1 million

Most people are risk adverse but then most people are also consumers so they will need to keep on working. There is no other option. The criticisms on the thread are not because people think OP should wait to have more money to "consume" luxury goods or indulge desires. The posters are concerned ab...
by runner540
Sat Oct 28, 2017 9:50 am
Forum: Personal Finance (Not Investing)
Topic: What a future expat should NOT do?
Replies: 6
Views: 652

Re: What a future expat should NOT do?

If you can (depends on treaties), work with your US employer to continue paying into SS, and contributing to a 401k.

Plan to maintain a US mailing address where you can have Statements sent. Don't ever mention to Vanguard that you are overseas.
by runner540
Fri Oct 27, 2017 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: My fear about buying a house justified?
Replies: 72
Views: 6129

Re: My fear about buying a house justified?

About the retirement savings, I think we are very behind as you all pointed out. My husband tells me his Thrifty savings plan has 3% rate, which probably is not very high. He's been a government employee only since 2015. Your husband should increase his Thrift Savings Plan contribution to at least ...
by runner540
Thu Oct 26, 2017 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: First Time Home Buyer Products
Replies: 15
Views: 1266

Re: First Time Home Buyer Products

Yes, there are "innovative" loan products for first time buyers. 0-3% down mortgages come to mind. Generally I don't like the first time buyer programs because they bring marginal buyers into the market who stretch too far to be a "home owner". When we start seeing goofy new "innovative" loans to h...
by runner540
Thu Oct 26, 2017 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Do you include the capitalized value of Social Security in your asset allocation?
Replies: 32
Views: 2001

Re: Do you include the capitalized value of Social Security in your asset allocation?

In general, if I can't rebalance into and out of something, it's not in my AA. +1 SS **may** reduce the amount of income needed from your portfolio. But you can't rebalance it, pass it on, or borrow against it. And both you and the program have to survive long enough to collect. I assume I will rec...
by runner540
Thu Oct 26, 2017 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: First Time Home Buyer Products
Replies: 15
Views: 1266

Re: First Time Home Buyer Products

Yes, there are "innovative" loan products for first time buyers. 0-3% down mortgages come to mind. Generally I don't like the first time buyer programs because they bring marginal buyers into the market who stretch too far to be a "home owner". When we start seeing goofy new "innovative" loans to he...
by runner540
Thu Oct 26, 2017 12:14 pm
Forum: Personal Consumer Issues
Topic: Amazon Prime customers can now give Amazon access to their home
Replies: 51
Views: 4116

Re: Amazon Prime customers can now give Amazon access to their home

I wonder how home insurance policies will change, or if using this voids coverage.
by runner540
Thu Oct 26, 2017 11:51 am
Forum: Personal Finance (Not Investing)
Topic: My fear about buying a house justified?
Replies: 72
Views: 6129

Re: My fear about buying a house justified?

Assuming that the condo for sale is truly equivalent to the $2500 rental, I would be concerned. Buying in any hot market would make me concerned. However, it is similar to the stock market. What if the market remains hot for 10 years and prices continue to rise? Then the rents most likely will rise...
by runner540
Thu Oct 26, 2017 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Do you include the capitalized value of Social Security in your asset allocation?
Replies: 32
Views: 2001

Re: Do you include the capitalized value of Social Security in your asset allocation?

In general, if I can't rebalance into and out of something, it's not in my AA. +1 SS **may** reduce the amount of income needed from your portfolio. But you can't rebalance it, pass it on, or borrow against it. And both you and the program have to survive long enough to collect. I assume I will rec...
by runner540
Thu Oct 26, 2017 6:57 am
Forum: Investing - Theory, News & General
Topic: Can you own a share [of a person's future earnings?]
Replies: 19
Views: 1731

Re: Can you own a share of a person?

I'm not sure if this is the right forum but it's a theory I've been thinking about. Investing in human beings. For example there are many actors wannabe in LA and most of them don't make it far. What if a producer offer an unproven guy with potential his first major role in a blockbuster movie but ...
by runner540
Wed Oct 25, 2017 3:23 pm
Forum: Personal Consumer Issues
Topic: How to get over the fear of traveling without spouse and children?
Replies: 52
Views: 4246

Re: How to get over the fear of traveling without spouse and children?

My sympathies. If you are a quantitative person, focus on the fact that driving daily is far riskier than flying. Also, do you and your husband have a comprehensive estate and custody plan, just in case?? While nothing can ever replace a parent, it might help you to know you have done the best you c...
by runner540
Wed Oct 25, 2017 2:51 pm
Forum: Personal Consumer Issues
Topic: What is going on with the home insurance rates?
Replies: 53
Views: 5149

Re: What is going on with the home insurance rates?

I just got a renewal notice from AAA for my home insurance for next year. It goes up from around $1,900 to $2,700, an increase of more than 40%. Note that I have not had any claims for the past 8 years, at least. So I called another insurance company to get a quote, which is $5,900. I am still wait...
by runner540
Wed Oct 25, 2017 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Contribute to spouse's Roth?
Replies: 22
Views: 1818

Re: Contribute to spouse's Roth?

Make sure your combine incomes are under the IRS limits to contribute directly to a Roth.
by runner540
Wed Oct 25, 2017 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Should I Wait to Buy a Home?
Replies: 16
Views: 2522

Re: Should I Wait to Buy a Home?

They're talking about getting rid of the state income and property tax deductions. Maybe the mortgage interest deduction, too. Would this make you hesitate to by a home now? The higher-end market in our area has stalled. I'm wondering if people are waiting to see what happens with tax reform. Shoul...
by runner540
Tue Oct 24, 2017 6:47 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 372
Views: 49714

Re: Retirement Account Stolen by Identity theft

I haven't read the whole thread and am not clear on whether it was a brokerage account, but has the OP looked into reporting this to FINRA, CFPB and any relevant state financial/consumer authorities? Customer complaints must be dealt with and responded to, or the institution may lose its status.
by runner540
Mon Oct 23, 2017 11:51 pm
Forum: Investing - Help with Personal Investments
Topic: No Cap on Match for 401K - Need Advice
Replies: 37
Views: 2452

Re: No Cap on Match for 401K - Need Advice

We need to sit down and do a budget, but I know our expenses aren't exceeding 82K. And I make 70k on top of that. Our biggest expense is the mortgage which is 2K a month. No student loans. No car payments. On $170k, with no kids, no debts other than a manageable mortgage, it sounds very doable to m...
by runner540
Mon Oct 23, 2017 11:44 pm
Forum: Personal Finance (Not Investing)
Topic: Accepting a Note as partial payment on business sale
Replies: 15
Views: 1035

Re: Accepting a Note as partial payment on business sale

Quite common to have a seller note. I heartily second the advice that you hire an attorney with lots of experience in similar business transactions on both buyer and seller sides to help you. They will help guide you through what is a complex process. Should not be the same attorney you use for othe...