Search found 270 matches

by soccerdad12
Wed Jul 27, 2016 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking of buying a house while active duty
Replies: 8
Views: 220

Re: Thinking of buying a house while active duty

I know you don't really have control over where you live in the military, but IMHO, now is not a great time to buy real estate and it seems prices are on the high end. If you would have been lucky enough to be in a down market time it would be different. In military towns there is a little more stab...
by soccerdad12
Fri Jul 22, 2016 6:57 am
Forum: Personal Finance (Not Investing)
Topic: How many folks choose to give inheritance to their children in unequal portions?
Replies: 172
Views: 12841

Re: How many folks choose to give inheritance to their children in unequal portions?

I would give each the same amount, however I might do that in different ways: Child 1 very responsible with money: give them the money Child 2 that is not responsible with money: use the amount to buy an annuity so they can't blow it all, but will help them for a long time Child 3 that isn't bad wit...
by soccerdad12
Thu Jul 21, 2016 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Gross Income $600K/yr Working 12 Months VS $133K/yr Working 4 Months (And 8 Months Off)?
Replies: 66
Views: 6839

Re: Gross Income $600K/yr Working 12 Months VS $133K/yr Working 4 Months (And 8 Months Off)?

He might be able to get all $53k pre-tax if he is the sole employee of his corp. I can't do that because I have employees.
by soccerdad12
Thu Jul 21, 2016 9:47 am
Forum: Personal Consumer Issues
Topic: HOA Swimming Pool Trespassing Issue
Replies: 100
Views: 6851

Re: HOA Swimming Pool Trespassing Issue

Not sure if this would work or not, but how about getting a simplisafe system installed with motion sensors. Put the motion sensors around the pool area. Only activate after 8PM. Don't pay for monitoring, just buy a couple of the super loud horn alarms. Worth a try....
by soccerdad12
Thu Jul 21, 2016 7:28 am
Forum: Personal Finance (Not Investing)
Topic: Gross Income $600K/yr Working 12 Months VS $133K/yr Working 4 Months (And 8 Months Off)?
Replies: 66
Views: 6839

Re: Gross Income $600K/yr Working 12 Months VS $133K/yr Working 4 Months (And 8 Months Off)?

I do have a 401k (with Vngrd, which does have Roth 401k), but because my tax bracket now is very high (and it is likely to be lower in retirement), I thought that I should not put any $$ into the Roth 401K. Am I missing anything? Do you still think I should use the Roth 401k despite my current high...
by soccerdad12
Mon Jul 18, 2016 10:11 am
Forum: Investing - Theory, News & General
Topic: Small business 401k [choosing a provider]
Replies: 8
Views: 414

Re: Small business 401k [choosing a provider]

We use T-Rowe and a TPA. We can choose from 500+ funds from all different providers to put into the 401k so it is totally customizable. The TPA also has the capacity to customize the 401k with things like after-tax contributions etc...
by soccerdad12
Mon Jul 18, 2016 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Gross Income $600K/yr Working 12 Months VS $133K/yr Working 4 Months (And 8 Months Off)?
Replies: 66
Views: 6839

Re: Gross Income $600K/yr Working 12 Months VS $133K/yr Working 4 Months (And 8 Months Off)?

Don't even think about joining your friend. I have been in a similar situation with a very smart friend and had to fire him after a couple of years b/c he didn't pull his weight. Are you the only employee of your company? Make sure you have a 401k, do profit-sharing and add in the after-tax clause t...
by soccerdad12
Mon Jul 18, 2016 7:32 am
Forum: Personal Consumer Issues
Topic: The Big Short
Replies: 176
Views: 20122

Re: The Big Short

The Big Short is free on Netflix now. I watched it this weekend. Good movie. Complicated subject and totally outlandish actions by bankers.
by soccerdad12
Mon Jul 11, 2016 9:35 am
Forum: Personal Consumer Issues
Topic: Does Any One Have Any Experience Using the Goodreads Website
Replies: 15
Views: 1490

Re: Does Any One Have Any Experience Using the Goodreads Website

I use the app to rate every book that I read. I find the suggestions interesting as well. I do think that the reviews are better (and more accurate) than those on amazon. My guess is b/c goodreads appeals to more bookish type people than general amazon does.
by soccerdad12
Tue Jun 21, 2016 7:38 am
Forum: Investing - Theory, News & General
Topic: Making an app for Bogleheads, need advice
Replies: 34
Views: 3156

Re: Making an app for Bogleheads, need advice

what might be really useful is an app that tells you when there is a RBD and then gives you a nudge to possibly buy that day.
by soccerdad12
Tue Jun 14, 2016 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Starting a Business With Friend and Former Colleague
Replies: 6
Views: 687

Re: Starting a Business With Friend and Former Colleague

Sounds like a product for Shark Tank! (I love that show) What we did when we started our business is write into the agreement that anyone that leaves of their own accord before the company got to $M in revenue will forfeit 50% of their shares. We put a non-compete in it. We also made it so that any ...
by soccerdad12
Tue Jun 14, 2016 9:09 am
Forum: Personal Consumer Issues
Topic: Reasonably Priced Red Wines
Replies: 47
Views: 2890

Re: Reasonably Priced Red Wines

I will second Costco. We joined recently just for the wine. Meiomi Pino Noir is $16 at costco and $21 in the grocery. Fantastic wine for the price!
by soccerdad12
Fri Jun 10, 2016 9:33 am
Forum: Personal Consumer Issues
Topic: Sonos Home Theater Surround Sound
Replies: 9
Views: 560

Re: Sonos Home Theater Surround Sound

I thought about buying some, but they are so dang expensive. The other drawback for me is that they have to have a power source. If they just made 1 version that would run on batteries it would be a no brainer for me. What do you want it for? Home theater? Speakers throughout the house? I wasn't go...
by soccerdad12
Fri Jun 10, 2016 9:10 am
Forum: Personal Consumer Issues
Topic: Sonos Home Theater Surround Sound
Replies: 9
Views: 560

Re: Sonos Home Theater Surround Sound

I thought about buying some, but they are so dang expensive. The other drawback for me is that they have to have a power source. If they just made 1 version that would run on batteries it would be a no brainer for me.
by soccerdad12
Fri Jun 03, 2016 1:41 pm
Forum: Personal Consumer Issues
Topic: Moving to North Carolina from NYC
Replies: 66
Views: 5391

Re: Moving to North Carolina from NYC

bottom line: if you have kids that are going to go to public schools, live in either wake county (raleigh, cary, apex, morrisville) or orange county (chapel hill area). don't live in chatham county and especially not durham.

good luck!
by soccerdad12
Fri Jun 03, 2016 8:16 am
Forum: Personal Consumer Issues
Topic: Moving to North Carolina from NYC
Replies: 66
Views: 5391

Re: Moving to North Carolina from NYC

What Tomato is referring to is the current NC law (HB2) that is very discriminatory against transgender people. It is an awful law and the state is losing a lot of money b/c companies have said they won't add jobs here and famous performers are cancelling shows b/c of the law. We aren't talking abou...
by soccerdad12
Thu Jun 02, 2016 3:53 pm
Forum: Personal Consumer Issues
Topic: Moving to North Carolina from NYC
Replies: 66
Views: 5391

Re: Moving to North Carolina from NYC

I live in Cary. I have lived here since 1997. I will say that it is starting to become like Gaithersburg, MD / Northern Virginia. New homes are popping up like weeds and most of them are townhomes (more people in smaller area). Traffic is starting to get bad. I saw the Gaithersburg area grow from a ...
by soccerdad12
Thu Jun 02, 2016 10:37 am
Forum: Personal Consumer Issues
Topic: Self Driving Cars
Replies: 51
Views: 2177

Re: Self Driving Cars

One of the early investors in Uber said that they are betting on cars to be computer driven and Uber an on-demand service with no human intervention. Think of how much money uber would make if they didn't have to pay people to drive the cars. Think of how much more mobility this gives to the elderly...
by soccerdad12
Wed May 25, 2016 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Back Door Roth and the ACP Test
Replies: 5
Views: 422

Re: Mega Back Door Roth and the ACP Test

We ran into this exact issue this past year. Did the after tax contribution to max the account out around $55k and then the next day took the entire after-tax amount out and rolled into a mega back door roth. 3 months later got a notice that we failed the ACP test and all the after tax money needed ...
by soccerdad12
Fri Apr 29, 2016 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Do I need anything more than WillMaker?
Replies: 13
Views: 1299

Re: Do I need anything more than WillMaker?

Children aren't really minor.... 17 and 21. Not sure if that matters. We have a sibling and parents that live w/i 30 minutes so there is family to help with the 17 yo if something happened before leaving for college.
by soccerdad12
Fri Apr 29, 2016 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Do I need anything more than WillMaker?
Replies: 13
Views: 1299

Re: Do I need anything more than WillMaker?

I am a do-it-myself type if it is something that isn't too complicated. I definitely don't want to jeopardize anything and am definitely willing to pay if there is some additional value brought. I don't want to pay for something that isn't needed. I do find that when people know your net worth, the ...
by soccerdad12
Fri Apr 29, 2016 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Do I need anything more than WillMaker?
Replies: 13
Views: 1299

Do I need anything more than WillMaker?

I wanted to get advice to see if Willmaker software would be sufficient for my needs. My current will was made with Willmaker since I think I am pretty uncomplicated. Situation: Age in low-mid 40s Current retirement nest egg (low-mid 7 figures) Own a majority share of a corporation (my portion proba...
by soccerdad12
Thu Apr 28, 2016 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Degree, College and Career
Replies: 20
Views: 1937

Re: Degree, College and Career

I think the best advice to a young person is to help them find something they really like. We tend to excel in areas we enjoy.
by soccerdad12
Wed Apr 06, 2016 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Firecalc, really?
Replies: 58
Views: 6770

Re: Firecalc, really?

I would still be the owner of a business that is very profitable. Even though I wouldn't be actively working, I would be collecting hefty dividends 2x year.
by soccerdad12
Wed Apr 06, 2016 8:25 am
Forum: Personal Finance (Not Investing)
Topic: Firecalc, really?
Replies: 58
Views: 6770

Re: Firecalc, really?

Even if I think I might qualify for a subsidy (which I wouldn't), I am leery that at some point the government will start means testing and I would blocked from the subsidy. I have no idea if that would happen, but would want to calculate full cost for planning sake.
by soccerdad12
Wed Apr 06, 2016 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Firecalc, really?
Replies: 58
Views: 6770

Re: Firecalc, really?

I will probably retire around 50 years old and am assuming that health insurance for me and my wife will cost us about $20k year. That would be for a plan off an exchange plus the deductible. Can anyone with real life experience buying own insurance pre-medicare tell us more accurate numbers of what...
by soccerdad12
Wed Apr 06, 2016 8:02 am
Forum: Personal Finance (Not Investing)
Topic: Firecalc, really?
Replies: 58
Views: 6770

Re: Firecalc, really?

If you are currently working your healthcare costs might be paid for by your employer. Make sure you are adding self-paid health insurance (and deductible) into your projected expenses. That is the variable cost that scares me the most for retirement planning.
by soccerdad12
Thu Mar 10, 2016 11:19 am
Forum: Investing - Theory, News & General
Topic: Looking for Audible (audio book) recommendations
Replies: 14
Views: 1166

Re: Looking for Audible (audio book) recommendations

Have you read any of the books by Michael Lewis? Although not personal finance books, they are non-fiction and deal with the stock market, housing market etc... They are really interesting and have an impact on more macro levels that affect the markets. Check out: Flash Boys, The Big Short, Boomerang
by soccerdad12
Tue Mar 08, 2016 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: How to classify workers: IC or employees for small business
Replies: 11
Views: 976

Re: How to classify workers: IC or employees for small business

Good luck finding a lawyer that is knowledgeable in this specific area. I have gone down that path and only found one that knew what he was talking about. He worked for a huge law firm, cost $650/hour and eats lunch with the head of that department in the IRS. There are a lot of things that we can't...
by soccerdad12
Tue Mar 08, 2016 9:12 am
Forum: Personal Finance (Not Investing)
Topic: How to classify workers: IC or employees for small business
Replies: 11
Views: 976

Re: How to classify workers: IC or employees for small business

They are most definitely employees. This is not something to mess with. If one of the employees becomes disgruntled or disagrees with you all they have to do is fill out IRS Form SS-8 and your goose is cooked. A true independent contractor can do the job whenever they want, are paid by the job (not ...
by soccerdad12
Wed Mar 02, 2016 2:50 pm
Forum: Personal Consumer Issues
Topic: MS Surface Pro 4?
Replies: 15
Views: 1406

Re: MS Surface Pro 4?

The surface pro 3 is fantastic for taking digital notes. OneNote and the pen work perfect. I assume it is just as good or better for the surface pro 4.
by soccerdad12
Sat Feb 13, 2016 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: ER in 401k
Replies: 2
Views: 326

ER in 401k

I was looking at my ER in my 401k and wanted to ask a question. I am moving to a 3 fund portfolio and could use 1 of 2 funds in my 401k to that end. FSTMX (Spartan total stock market) with ER of .10 FBIDX (Spartan US Bond) with ER of .22 I don't have Vanguard funds in my 401k. I can use Vanguard adm...
by soccerdad12
Tue Jan 26, 2016 9:44 am
Forum: Personal Consumer Issues
Topic: Anyone use skiplagged.com?
Replies: 7
Views: 1333

Re: Anyone use skiplagged.com?

There are definitely some risks with it, but what made me ask the question was for the route I checked the fare was 60% less.
by soccerdad12
Mon Jan 25, 2016 8:13 pm
Forum: Personal Consumer Issues
Topic: Anyone use skiplagged.com?
Replies: 7
Views: 1333

Anyone use skiplagged.com?

I am planning to start some traveling with the wife this year. Someone at work told me about http://www.skiplagged.com He hasn't used it, but it definitely can cut the price of flights. I tried a couple of destinations and some of them seem half the cost. The jist of it is that it will get you to yo...
by soccerdad12
Mon Jan 25, 2016 4:24 pm
Forum: Personal Consumer Issues
Topic: Anyone have experience with truecar.com or similar ?
Replies: 26
Views: 2269

Re: Anyone have experience with truecar.com or similar ?

It is actually weird to get the best prices with all cash offers. The finance companies give solid dealer incentives which can give them flexibility in pricing. Pretty sure this is true. Last time I purchased a new car I wanted to do it in cash. Sales guy said that the price would be higher because...
by soccerdad12
Wed Jan 20, 2016 12:17 pm
Forum: Investing - Help with Personal Investments
Topic: Which fund is best in after tax account?
Replies: 6
Views: 406

Re: Which fund is best in after tax account?

I am in the highest tax bracket. I am not sure about the foreign taxes. Are you saying it matters based on the amount of funds in VTIAX? If so, what is the amount I am looking to stay under? I am going to the 3 fund portfolio, so there are only 3 funds to consider. My traditional 401k is where I put...
by soccerdad12
Wed Jan 20, 2016 12:06 pm
Forum: Investing - Help with Personal Investments
Topic: Which fund is best in after tax account?
Replies: 6
Views: 406

Which fund is best in after tax account?

I am trying to put the correct funds in ROTH IRA, traditional 401k, traditional IRA and after-tax accounts.

I have all of my bonds in my traditional 401k. Which of these 2 funds are best in after-tax (not tax deferred): VTIAX or VTSAX?

Thanks!
by soccerdad12
Tue Jan 19, 2016 12:14 pm
Forum: Investing - Help with Personal Investments
Topic: Main problem with Vanguard target date funds
Replies: 7
Views: 1224

Re: Main problem with Vanguard target date funds

I honestly don't mind if target date funds aren't tax efficient. I think the tax drag is still less damaging to my portfolio than my constant need to tinker if I don't have investments on autopilot. I am not sure of your situation, but would you say the same thing if your taxable accounts are in th...
by soccerdad12
Tue Jan 19, 2016 9:43 am
Forum: Investing - Help with Personal Investments
Topic: Main problem with Vanguard target date funds
Replies: 7
Views: 1224

Main problem with Vanguard target date funds

Is the main problem with utilizing Vanguards target date funds that I can't separate funds by taxable and tax sheltered accounts? I am rethinking my strategy to make things more simple (I am not overly complicated but do have some slice and dice) and target date funds seems as simple as you can get....
by soccerdad12
Thu Jan 14, 2016 4:31 pm
Forum: Investing - Theory, News & General
Topic: Systematically buy from Emergency Fund on Dips?
Replies: 44
Views: 3280

Re: Systematically buy from Emergency Fund on Dips?

This is all personal $$ and not operating cash for the business. 2008-2010 were some of our fastest growing years. What we do is good in a strong economy and very good in a struggling economy (as long as it isn't a catastrophic depression).
by soccerdad12
Thu Jan 14, 2016 1:18 pm
Forum: Investing - Theory, News & General
Topic: Systematically buy from Emergency Fund on Dips?
Replies: 44
Views: 3280

Re: Systematically buy from Emergency Fund on Dips?

Since you own your own business, its probably good to diversify into more assets. Whether that comes from profits/proceeds or an "EF" would be up to you. Buying on dips makes sense, but doesn't answer the question of why that cash wasn't already invested. I typically only do a dividend pa...
by soccerdad12
Thu Jan 14, 2016 1:14 pm
Forum: Investing - Theory, News & General
Topic: Systematically buy from Emergency Fund on Dips?
Replies: 44
Views: 3280

Re: Systematically buy from Emergency Fund on Dips?

So then after you pull $$ from your bond fund on a equity RBD, does all of your new investment money go into the bond fund in order to build it back up?
by soccerdad12
Thu Jan 14, 2016 1:08 pm
Forum: Investing - Theory, News & General
Topic: Systematically buy from Emergency Fund on Dips?
Replies: 44
Views: 3280

Re: Systematically buy from Emergency Fund on Dips?

Hi livesoft. I understand what you have been buying. My question is, what are you using to buy them with? If you aren't using an emergency fund and all of your other money should already be invested, then are you selling bonds and buying equities on the dip?
by soccerdad12
Thu Jan 14, 2016 12:54 pm
Forum: Investing - Theory, News & General
Topic: Systematically buy from Emergency Fund on Dips?
Replies: 44
Views: 3280

Re: Systematically buy from Emergency Fund on Dips?

I have 3 years of living expenses in my emergency fund. Why do you have an emergency fund at all? Why 3 years? I am not really sure that I need much of an emergency fund. I own everything outright. I guess I have one so that if all heck breaks loose that I don't need to sell any investments for a v...
by soccerdad12
Thu Jan 14, 2016 12:52 pm
Forum: Investing - Theory, News & General
Topic: Systematically buy from Emergency Fund on Dips?
Replies: 44
Views: 3280

Re: Systematically buy from Emergency Fund on Dips?

Agree with the above, plus... If you are able to replenish the EF in 2 months... where is that money going now? I'd recommend taking that cash flow and DCA'ing it in. :beerCheers, packet I would just take a distribution from my business. Right now I typically only do that once or twice a year, but ...
by soccerdad12
Thu Jan 14, 2016 12:50 pm
Forum: Investing - Theory, News & General
Topic: Systematically buy from Emergency Fund on Dips?
Replies: 44
Views: 3280

Re: Systematically buy from Emergency Fund on Dips?

3 years of emergency fund? Sure, you can buy more, but then you could also have your emergency fund reduced to 1 year of expenses instead, too. You can do whatever you want as long as you put it in your IPS. For example, in my IPS I have that I MUST buy equities on certain market drops. I do this b...
by soccerdad12
Thu Jan 14, 2016 12:49 pm
Forum: Investing - Theory, News & General
Topic: Systematically buy from Emergency Fund on Dips?
Replies: 44
Views: 3280

Re: Systematically buy from Emergency Fund on Dips?

Wait, so if I do the math right, in 20 months, you could have saved up 30 YEARS of living expenses? Why aren't you retired yesterday? I could refill the max of the $30k that I take from the emergency fund in 2 months. I am not sure how you are saying that 20 months = 30 years of living expenses. I ...
by soccerdad12
Thu Jan 14, 2016 11:36 am
Forum: Investing - Theory, News & General
Topic: Systematically buy from Emergency Fund on Dips?
Replies: 44
Views: 3280

Systematically buy from Emergency Fund on Dips?

Other than my monthly investing, does it make sense to buy a set amount (say $10k) of the most discounted of the funds that I am in from my emergency fund on every dip of 5%? I have 3 years of living expenses in my emergency fund. I can replenish the emergency fund in 2 months. I would limit myself ...
by soccerdad12
Wed Jan 06, 2016 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Nature vs Nurture
Replies: 27
Views: 1442

Nature vs Nurture

Was visiting my elderly parents over the holidays and had an interesting conversation with them. My dad is very, very frugal. Always has been and always will be. Due to that he is wealthy, but that doesn't change his frugality. He claims he learned that from his parents living thru the depression. O...
by soccerdad12
Fri Dec 11, 2015 10:34 am
Forum: Investing - Theory, News & General
Topic: Fear of Bonds...what to do?
Replies: 56
Views: 6593

Re: Fear of Bonds...what to do?

@knpstr I have the same mindset as you (in general), but the problem is that when you figure out you need bonds it is probably already too late. I wouldn't feel comfortable taking such a large risk until my retirement portfolio is at least 8 figures. I never had bonds until my 40s (but I do go a lit...

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