Search found 283 matches

by soccerrules
Tue Feb 20, 2018 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard 1099-R for Brokerage Acct
Replies: 13
Views: 558

Re: Vanguard 1099-R for Brokerage Acct

Mine was available as a PDF online, but as of yesterday TurboTax couldn't access it. Are you trying to view it or import it? same here, I printed copies off the website for my files and entered info manually into TTax. I had the same issue with Schwab when I tried to access through TTax (smh ?) :an...
by soccerrules
Tue Feb 20, 2018 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security vs Nest Egg Trade-off
Replies: 10
Views: 1002

Re: Social Security vs Nest Egg Trade-off

wolf/ox- Thanks for your posts. Yes I am 15-20 years from SS claiming (unless I decide to take at 62, very doubtful) and spouse will not hit 40 credits or if spouse does it will not exceed 50% of mine. Claiming at 70/68 and not 69/67 adds the additional $2880/year base amount for the surviving spou...
by soccerrules
Tue Feb 20, 2018 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security vs Nest Egg Trade-off
Replies: 10
Views: 1002

Re: Social Security vs Nest Egg Trade-off

wolf/ox- Thanks for your posts. Yes I am 15-20 years from SS claiming (unless I decide to take at 62, very doubtful) and spouse will not hit 40 credits or if spouse does it will not exceed 50% of mine. Claiming at 70/68 and not 69/67 adds the additional $2880/year base amount for the surviving spous...
by soccerrules
Tue Feb 20, 2018 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security vs Nest Egg Trade-off
Replies: 10
Views: 1002

Re: Social Security vs Nest Egg Trade-off

No one knows when they will die. That's the tricky part. True and I understand that SS is structured such that if you take the benefit at 62 or 70 or somewhere in between that you would receive about the same payout at your life expectancy. Live longer you win with delaying, die before life expecta...
by soccerrules
Tue Feb 20, 2018 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Maximize our Social Security Benefits
Replies: 4
Views: 538

Re: Maximize our Social Security Benefits

General comments 1) If you NEED the money on top of the $3300-$3400 from your benefit -- then MAYBE. It seems as if you don't need the money because you are both working and you delayed your SS benefit to 70 But don't know full story. 2) Consider Tax issues with working incomes, SS income(s), RMD's ...
by soccerrules
Tue Feb 20, 2018 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: Mini-pension Rollover - Roth vs Traditional
Replies: 1
Views: 119

Re: Mini-pension Rollover - Roth vs Traditional

I would choose #3 if it is easy to do. Otherwise I would employ # 2 - Roll it over into a self directed Trad IRA to Vanguard/Fidelity/Schwab and invest according to AA. I would be surprised that you wouldn't contribute to the Trad IRA over the next 20+ years, but more likely have a 401K(s) to rollov...
by soccerrules
Tue Feb 20, 2018 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security vs Nest Egg Trade-off
Replies: 10
Views: 1002

Social Security vs Nest Egg Trade-off

I was reading How to make your money last by Quinn and she spells out the different claiming strategies one of which is our situation. Higher Earner is 2 years older and spouse will file for spousal benefits. Quinn recommends taking at 69 and 67 when spousal support caps at FRA of younger spouse. So...
by soccerrules
Thu Feb 15, 2018 10:52 am
Forum: Investing - Help with Personal Investments
Topic: Where would you park 140k [Where to invest 140k]
Replies: 19
Views: 1766

Re: Where would you park 140k [Where to invest 140k]

50% BTC 50% ETH He is (hopefully) joking. I don't think it is helpful to suggest this to a newer poster. OP, spend a little time on our wiki. There is no hurry. It might be as simple as putting the new money into a Total Market fund in taxable and upping your bonds in your deferred accounts. Hill -...
by soccerrules
Thu Feb 15, 2018 10:39 am
Forum: Investing - Help with Personal Investments
Topic: Newbie: retirement vs. college savings vs. life insurance
Replies: 33
Views: 1241

Re: Newbie: retirement vs. college savings vs. life insurance

I don't know anything about whole life policy either. I would wait for specific advice on this but would think you should get out of these policies, take the cash value, buy term, and then invest the $30K /year toward retirement. You are 40 with about $40K for retirement (sorry but you are behind wh...
by soccerrules
Wed Feb 14, 2018 5:30 pm
Forum: Investing - Help with Personal Investments
Topic: How to advise a parent
Replies: 22
Views: 1859

Re: How to advise a parent

I think what she wants will cost her too much money. What she needs is just a LifeStrategy or TargetRetirement fund and nobody to talk to. The more talking, the more the costs. Talking is not going to make the portfolio magically better. Is your mother up for reading? What she is in right now is co...
by soccerrules
Wed Feb 14, 2018 5:01 pm
Forum: Personal Consumer Issues
Topic: Advice with Car Replacement?
Replies: 21
Views: 920

Re: Advice with Car Replacement?

Seems like you love trucks, you want a truck ....... than get a truck ! If the wife is on board, than "pull the ol' trigger"

Now this assumes you have the rest of your financial ship in order. Retirement, EF, etc. :sharebeer
by soccerrules
Wed Feb 14, 2018 4:54 pm
Forum: Investing - Help with Personal Investments
Topic: Where would you park 140k [Where to invest 140k]
Replies: 19
Views: 1766

Re: Where would you park 140k

so this appears to be your taxable assets , since there is $2M in IRA's and no mention of a taxable account ?

I would invest the $140K according to my AA considering placement of funds for tax efficiency.
by soccerrules
Wed Feb 14, 2018 12:30 pm
Forum: Personal Consumer Issues
Topic: Advice with Car Replacement?
Replies: 21
Views: 920

Re: Advice with Car Replacement?

We went the SUV route when we started having kids. My wife would not drive a van (SMH) :shock:. Having a vehicle that is a little higher makes it easier for parents to get the kids in and out of the car until they can do it themselves. It is a preference and financial decision. What does your wife w...
by soccerrules
Wed Feb 14, 2018 11:40 am
Forum: Personal Finance (Not Investing)
Topic: What to do with additional funds?
Replies: 3
Views: 262

Re: Boglehead Baby Steps?

With the information you provided here are my thoughts /questions. EF $15K -- seems lite. You need 6 months minimum living expenses especially since wife is going to SAH. Mortgage - $50K left on 10 year. What is your interest rate ? If it is high, then maybe. I would stop the extra $512/mo to princi...
by soccerrules
Mon Feb 12, 2018 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Number at which to stop worrying
Replies: 170
Views: 16629

Re: Number at which to stop worrying

This is different from other threads which talk about the number for early retirement. I want to continue working for the foreseeable future, but keep thinking at what level of NW could I relax a bit and not worry too much. Family of four in a MCOL area and single earner. Kids yet to go to college....
by soccerrules
Mon Feb 12, 2018 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Going Paperless Issues
Replies: 68
Views: 3888

Re: Going Paperless Issues

I do everything electonically and have all my bills set to auto pay on either my credit card or auto-draft from my checking account. The initial setup can be a bit of a pain, but then you don't really have to do anything. I get an email once a month from each company when my new bill comes out. I l...
by soccerrules
Mon Feb 12, 2018 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: Emergency fund question - 3 vs 6 months and should I lower my 401k contribution to get there...
Replies: 74
Views: 3054

Re: Emergency fund question - 3 vs 6 months and should I lower my 401k contribution to get there...

Household is about $55k. Rent is $1150. Savings is about $2500. 401k is at $20k (Im 33) No other accounts outside our checking account for monthly expenses. We have been slowly working on an emergency fund over the past year. hard to really answer without more information. are you a single income f...
by soccerrules
Mon Feb 12, 2018 11:48 am
Forum: Investing - Help with Personal Investments
Topic: Emergency fund question - 3 vs 6 months and should I lower my 401k contribution to get there...
Replies: 74
Views: 3054

Re: Emergency fund question - 3 vs 6 months and should I lower my 401k contribution to get there...

There is not enough information in your post to answer the question. What is your household income, expenditure, savings, 401k balance, taxable accounts, etc? And why did you think of the emergency fund when the market tanked and not before that? Household is about $55k. Rent is $1150. Savings is a...
by soccerrules
Mon Feb 12, 2018 10:31 am
Forum: Investing - Help with Personal Investments
Topic: Emergency fund question - 3 vs 6 months and should I lower my 401k contribution to get there...
Replies: 74
Views: 3054

Re: Emergency fund question - 3 vs 6 months and should I lower my 401k contribution to get there...

There is not enough information in your post to answer the question. What is your household income, expenditure, savings, 401k balance, taxable accounts, etc? And why did you think of the emergency fund when the market tanked and not before that? Household is about $55k. Rent is $1150. Savings is a...
by soccerrules
Fri Feb 09, 2018 4:59 pm
Forum: Personal Consumer Issues
Topic: Who has had a pool?
Replies: 79
Views: 4095

Re: Who has had a pool?

We built an in ground pool in 2001 in Texas. Neither my wife nor I grew up with a pool, fyi. Our kids were 5,2 -4 months. The first 12 years were great. We were in it a lot especially from April to Nov. Nov-Mar it was only hot tub time. Once the kids aged to 14/15 they just weren't in it as much. We...
by soccerrules
Fri Feb 09, 2018 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Piggyback Mortgage
Replies: 15
Views: 905

Re: Piggyback Mortgage

Conventional loan - $417k @ 4.25% - monthly payment approx $2475 HELOC - $124k at prime + 1.99% (currently 6.5%) - monthly payment approx $750 HOA fee - monthly payment approx $450 Total monthly housing expense - approx $3650. I max out my 401k, and have around $20k in credit card debt due to afore...
by soccerrules
Fri Feb 09, 2018 9:22 am
Forum: Personal Finance (Not Investing)
Topic: How to pay college tuition from a 529?
Replies: 26
Views: 2064

Re: How to pay college tuition from a 529?

I call the 529 administrator and tell them the name of student (and ID), address of the institution and they send the funds to the university either by check or ACH. (1 was set up by grandparents ) After the first transaction they have the information for future semesters. I then wait 1 week and che...
by soccerrules
Fri Feb 09, 2018 9:14 am
Forum: Personal Finance (Not Investing)
Topic: HSA...let me get this straight
Replies: 36
Views: 3750

Re: HSA...let me get this straight

I am of similar age to the OP and in my 2nd year of an HSA. I plan to have @ $60K (plus gains) in my HSA in 7-8 years. I may use it to pay insurance premiums between 60-65 and/or other medical needs I might have when I "retire". I am taking advantage of the company match of $2K a year, like I do wi...
by soccerrules
Fri Feb 09, 2018 9:11 am
Forum: Investing - Help with Personal Investments
Topic: Started first big investment 2 weeks ago - Sell quick?
Replies: 29
Views: 1846

Re: Started first big investment 2 weeks ago - Sell quick?

unless you have no EF, have no income and lost your jobs and this is the only money you have to live on.

Don't touch it.
by soccerrules
Thu Feb 08, 2018 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: HSA...let me get this straight
Replies: 36
Views: 3750

Re: HSA...let me get this straight

I am of similar age to the OP and in my 2nd year of an HSA. I plan to have @ $60K (plus gains) in my HSA in 7-8 years. I may use it to pay insurance premiums between 60-65 and/or other medical needs I might have when I "retire". I am taking advantage of the company match of $2K a year, like I do wit...
by soccerrules
Thu Feb 08, 2018 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Finances Needed !!
Replies: 5
Views: 817

Re: Finances Needed !!

The reading that has been suggested will help you answer these questions. Then come back with specific information about your financial picture/needs and there will be plenty of solid advice available for you.(FREE) 1st priority. You need to have life insurance on the primary breadwinner in your fam...
by soccerrules
Wed Feb 07, 2018 4:49 pm
Forum: Personal Consumer Issues
Topic: Washer/Dryer longevity ?
Replies: 69
Views: 5749

Re: Washer/Dryer longevity ?

I am not sure if a repairmen told me this or I read it somewhere. Most appliances, garage door opener, pool pumps etc are made to have a certain life span based on # of hours of operation. Essentially they are going to fail/die after a specific number of hours of operation. Use it less it lasts long...
by soccerrules
Wed Feb 07, 2018 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: No Emergency Funds yet Major Car Emergency
Replies: 47
Views: 3001

Re: No Emergency Funds yet Major Car Emergency

SlowMovingInvestor wrote: ↑
Wed Feb 07, 2018 11:36 am
If you have AAA, you can get them to tow you for free (upto 3 miles). If not, you can sign up and get them to tow you (but there may be a waiting period).
check your auto insurance. Geico offers 1 tow of less than 20 miles /per vehicle per 6 month policy cycle.
by soccerrules
Wed Feb 07, 2018 3:09 pm
Forum: Investing - Help with Personal Investments
Topic: 529, Am I being stupid by not being greedy?
Replies: 14
Views: 1149

Re: 529, Am I being stupid by not being greedy?

Will your daughter get any merit aid (scholarships) based on grades/ SAT or ACT scores ? The reason I ask is most kids attending private universities/colleges receive some type of scholarship even if it is $5000 a year (up to $20K) based on good grades and decent test scores. (both of mine did witho...
by soccerrules
Wed Feb 07, 2018 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Hole
Replies: 163
Views: 13312

Re: Financial Hole

I am taking notes from this thread and will try the various things that I have not yet tried. Good for you Joe, I really hope that you can change your situation. I see that you are in Forks, WA. I used to live in the Fidalgo Island area of Washington, which is far away, but of a similar economic st...
by soccerrules
Wed Feb 07, 2018 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Am I saving too much for retirement?
Replies: 105
Views: 12313

Re: Am I saving too much for retirment?

Your 55 year old self will not think you are saving too much. :wink: The goal of maxing out your pre-tax 401k, Roth IRA and HSA are good ones. Don't cut it too close to the bone. It may take 3,4,5 more pay raises or job moves up to get there. You also have to balance with vacations, house down paym...
by soccerrules
Fri Feb 02, 2018 5:33 pm
Forum: Investing - Help with Personal Investments
Topic: Hourly, over the phone investing help
Replies: 15
Views: 855

Re: Hourly, over the phone investing help

I guess picking my way thru this I've listened to dave ramsey give advice and keep looking for something simple. "Boom! Pay it off. Save. Debt free. Boom! Thanks for calling." Read the wiki's and some of the book suggestions. You will get a general sense of the main current/investment direction tha...
by soccerrules
Fri Feb 02, 2018 5:16 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Guidance
Replies: 4
Views: 366

Re: Portfolio Guidance

Maybe when I have ~500k I will diversify more and get an advisor. Once you get to this spot (actually well before) you will probably rethink the "advisor" idea. YOU will be the advisor. A few things that have stuck in my head. 1) Don't look for the needle in the haystack (picking stocks), buy the w...
by soccerrules
Fri Feb 02, 2018 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage and other cash plays
Replies: 15
Views: 1194

Re: Pay off mortgage and other cash plays

There are different options and the ones mentioned are reasonable. Another. 1) Pay off $30K car loans. 2) EF = 1 year living expenses 3) Put in Money Market account $300-400K. Cut spending where you can and use this account to offset any shortfall month to month. Will need to budget this and not let...
by soccerrules
Fri Feb 02, 2018 3:22 pm
Forum: Investing - Help with Personal Investments
Topic: Your S&P Rebalance Numbers?
Replies: 11
Views: 929

Re: Your S&P Rebalance Numbers?

I rebalance based on my "bands" according to my desired AA. If I am off my AA by more than 3% points, less than 5% points, I typically rebalance to my AA.

I don't look at the S&P for that determination.
by soccerrules
Fri Feb 02, 2018 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Term insurance premiums: buy now or wait a year or two
Replies: 23
Views: 823

Re: Term insurance premiums: buy now or wait a year or two

Do you have dependents? A mortgage? Debts? Wife and 1 yo daughter. The apartment is almost paid off and we don't have debt, but not much savings. Because of a daughter I am looking at 20 year term. But maybe 15 year makes sense as well considering I have no idea at what age I will retire. Do not go...
by soccerrules
Thu Feb 01, 2018 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Advise on dealing with previous employer
Replies: 6
Views: 616

Re: Advise on dealing with previous employer

I would wait until 2/15 and see.
You could send am email and ask for the dollar amount of the retention bonus. Essentially "what will I be paid ?" " What amount was sent to payroll to payroll to process?"
No reason to panic right now.
by soccerrules
Thu Feb 01, 2018 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax Newbie
Replies: 17
Views: 1695

Re: Turbo Tax Newbie

Yes you can use turbo tax until the very end before you click file (without paying)
by soccerrules
Wed Jan 31, 2018 4:55 pm
Forum: Personal Consumer Issues
Topic: New or used vehicle for new graduate with job?
Replies: 31
Views: 1323

Re: New or used vehicle for new graduate with job?

Paying cash typically get's you the best price. In the past that might have been true. Nowadays, there are so many lenders and kickbacks from dealer's lenders and incentives from the financing arms of the makers that it makes little to no difference. In some cases, you might get a better price goin...
by soccerrules
Wed Jan 31, 2018 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Should I stop contributing to 401(k) to pay off debt
Replies: 44
Views: 2434

Re: Should I stop contributing to 401(k) to pay off debt

TNL- Do you receive an employer match ? (contribute at least enough to get full match) Try and carve more out of your budget, if you can to get to $2,000 available. At least take the $1500 extra semi discretionary and attack these loans in order (need to keep paying minimums monthly though) Student ...
by soccerrules
Wed Jan 31, 2018 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Policy - Is it worth it.
Replies: 43
Views: 2944

Re: Umbrella Policy - Is it worth it.

It seems to me from reading here that once you have reached a Net Worth of $1M it is probably wise to spend the $400/year for an umbrella policy. I do not have one and probably should have had a policy over the last 5-6 years, because: 1) NW > $1M 2) Teen/College drivers for last 6 years (typically ...
by soccerrules
Wed Jan 31, 2018 11:24 am
Forum: Personal Consumer Issues
Topic: New or used vehicle for new graduate with job?
Replies: 31
Views: 1323

Re: New or used vehicle for new graduate with job?

I bought a new car with cash 12 years ago. It now has over 200K in miles.(haven't bought new since - 5 cars) I bought a used car last summer for our graduate (off the payroll gift). $14-15K range. 3 year old mid-sized SUV with 40K miles. It really depends on what you want to do. There are probably a...
by soccerrules
Tue Jan 30, 2018 5:09 pm
Forum: Investing - Help with Personal Investments
Topic: Buy a house? But there's a student loan elephant in the room
Replies: 65
Views: 5868

Re: Buy a house? But there's a student loan elephant in the room

Yes, congratulations to you and especially to your wife on tackling a daunting situation and putting yourselves on the right track and headed in the right direction. Sounds like it was a bit of a surprise for both of you that you simply could not get a loan for that house but it sounds like the rej...
by soccerrules
Tue Jan 30, 2018 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Should I join Linkedin?
Replies: 48
Views: 3530

Re: Should I join Linkedin?

yes, for many of the reasons that have been listed already.

I will delete my profile when I retire -- or change my status/employer to RETIRED and then point people to the BH site :D
by soccerrules
Tue Jan 30, 2018 3:41 pm
Forum: Investing - Help with Personal Investments
Topic: Analysis Paralysis -- 403b or Kill the Mortgage?
Replies: 27
Views: 1453

Re: Analysis Paralysis -- 403b or Kill the Mortgage?

I would choose option #1. IMO you should be focusing more on saving as much as possible toward retirement and taking advantage of the tax-deferred space each year. As you indicated you have some catching up to do-- START NOW. If you have additional funds , then go taxable at that point, which can al...
by soccerrules
Tue Jan 30, 2018 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: $30k sitting in savings, want to invest
Replies: 8
Views: 867

Re: $30k sitting in savings, want to invest

Congrats on getting married, it has been a wonderful thing for my wife. :shock: Congrats on finding BH at an early age. it is a little hard to answer without other information. 1) Do you have an Emergency Fund? 2) High Interest Debt ?(Credit Card / student loans?) If you #2 and not #1 - I would seri...
by soccerrules
Tue Jan 30, 2018 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Feeling Locked into a Job
Replies: 26
Views: 2971

Re: Feeling Locked into a Job

Just want to add, I love what I do, just the management of our workplace is horrible. Public sector riddled with nepotism, bad bosses, corruption, mistreatment of workforce, politics at a little extra level than other industries. I support the other comments that have been made. A couple of other t...
by soccerrules
Mon Jan 29, 2018 2:48 pm
Forum: Personal Consumer Issues
Topic: Certified Used BMW, Audi or Mercedes
Replies: 53
Views: 3921

Re: Certified Used BMW, Audi or Mercedes

My next "luxury" car will probably be a Lexus. I have owned 3 European cars from 2 different manufacturers. My standard line when sending them to the shop " It will be at least $1,000 bucks" each trip. And it is. :? Many owners of these vehicles say -- "don;t buy one unless you know what you are get...
by soccerrules
Mon Jan 29, 2018 2:41 pm
Forum: Personal Consumer Issues
Topic: Which of these mechanic-recommended services would you pay for?
Replies: 55
Views: 3719

Re: Which of these mechanic-recommended services would you pay for?

we have 2 foreign cars in our family "fleet". A mechanic that I trust indicated they cost about 20 cents a mile for routine maintenance/repairs throughout the year. 12K miles = $2,400. I am not sure what the per mileage maintenance cost would be for american made cars. Many times I ask -- "Do I HAVE...
by soccerrules
Fri Jan 26, 2018 5:24 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Advice
Replies: 8
Views: 588

Re: Investment Advice

wardog- Welcome to the BH forum and congrats on your 1st post. I will be very general. You don't need to pay someone 2% of your Assets under Management (AUM) to stick your money into a Target Date Fund. You can do it yourself easy peasy. I think you need to READ before doing anything else right now ...