Search found 15 matches

by tx_hombre
Sun Jul 16, 2017 9:37 pm
Forum: Personal Consumer Issues
Topic: How did you handle the costs of your child's wedding?
Replies: 170
Views: 13065

Re: How did you handle the costs of your child's wedding?

Your asking about a wedding for someone whos 5? How is this thread not closed?... Also our parents did not need to chip in for our wedding. Because at Bogleheads the OP is doing as any good Boglehead does - plan, far, far in advance. It's personal, it's actionable. Anything else? :? Indeed! And tha...
by tx_hombre
Sun Jul 09, 2017 7:01 am
Forum: Personal Consumer Issues
Topic: How did you handle the costs of your child's wedding?
Replies: 170
Views: 13065

Re: How did you handle the costs of your child's wedding?

We plan on offering a set amount and letting the kids decide how to best use it. We teach that under no circumstances should you go into debt to fund a wedding even though wedding loans do exist unfortunately. Hopefully the financial education will lead them to use the gift toward a home or investm...
by tx_hombre
Wed Jun 28, 2017 5:10 pm
Forum: Personal Consumer Issues
Topic: How did you handle the costs of your child's wedding?
Replies: 170
Views: 13065

Re: How did you handle the costs of your child's wedding?

When our daughter was in college, I started a separate account that I actually called "___'s Wedding Account." I initially funded it with $25k and periodically added to it. When she married last summer, about 5 years after graduation, it had about $50k in it. This covered a good chunk of the weddin...
by tx_hombre
Wed Jun 28, 2017 5:09 pm
Forum: Personal Consumer Issues
Topic: How did you handle the costs of your child's wedding?
Replies: 170
Views: 13065

Re: How did you handle the costs of your child's wedding?

According to a recent article in Fortune, the national average cost of a wedding day in 2016 was $35,329, which was up 8.2% as compared to 2015's average of $32,641. My daughter was married last June and the total cost for her wedding was approximately 27% below that national average. Either way, i...
by tx_hombre
Wed Jun 28, 2017 4:22 pm
Forum: Personal Consumer Issues
Topic: How did you handle the costs of your child's wedding?
Replies: 170
Views: 13065

Re: How did you handle the costs of your child's wedding?

Thank you all for the fantastic replies so far! Wasn't sure what to expect with this question. Enjoying hearing all the perspectives here.
by tx_hombre
Wed Jun 28, 2017 2:40 pm
Forum: Personal Consumer Issues
Topic: How did you handle the costs of your child's wedding?
Replies: 170
Views: 13065

Re: How did you handle the costs of your child's wedding?

As with all major milestones such as HS graduation, college fees and graduation, marriage, down payment for first home, our goal was to cover or aid in covering the related cost and celebrations if the child maintained his role of being a good student, citizen, respectful human being, etc. That bei...
by tx_hombre
Wed Jun 28, 2017 2:04 pm
Forum: Personal Consumer Issues
Topic: How did you handle the costs of your child's wedding?
Replies: 170
Views: 13065

Re: How did you handle the costs of your child's wedding?

Our oldest child is still only 5, so we have plenty of time! 2 questions. Why this is important to you? What does your child want? I ask this because I think at this point it is more about you than anything else. Great questions. It's "important" to me simply because I hadn't really put my thought ...
by tx_hombre
Wed Jun 28, 2017 1:22 pm
Forum: Personal Consumer Issues
Topic: How did you handle the costs of your child's wedding?
Replies: 170
Views: 13065

Re: How did you handle the costs of your child's wedding?

BigLaw Survivor wrote:We're about to have our third wedding. Each time we just paid for it from our earnings and our taxable savings. Not sure there's much more to say.
Thanks! This is basically what I expected, I suppose. Thanks for sharing!
by tx_hombre
Wed Jun 28, 2017 1:21 pm
Forum: Personal Consumer Issues
Topic: How did you handle the costs of your child's wedding?
Replies: 170
Views: 13065

Re: How did you handle the costs of your child's wedding?

The529guy wrote:Encourage her to become well-educated so she and her spouse won't expect you to pay for it?
I suppose I should clarify that it would be our pleasure and privledge to pay.
by tx_hombre
Wed Jun 28, 2017 1:12 pm
Forum: Personal Consumer Issues
Topic: How did you handle the costs of your child's wedding?
Replies: 170
Views: 13065

How did you handle the costs of your child's wedding?

Our oldest child is still only 5, so we have plenty of time! But we are genuinely curious as to how those who have gone before us have handled the costs (regardless of the exact budget) of a wedding. Are you simply withdrawing from your taxable account? How much are you planning ahead for the potent...
by tx_hombre
Tue Jun 27, 2017 3:18 pm
Forum: Investing - Help with Personal Investments
Topic: General feedback - Specific feedback about taxable path forward
Replies: 9
Views: 390

Re: General feedback - Specific feedback about taxable path forward

Amazing - less than two hours, and have already gotten some great feedback. Thank you all again!
by tx_hombre
Tue Jun 27, 2017 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: General feedback - Specific feedback about taxable path forward
Replies: 9
Views: 390

Re: General feedback - Specific feedback about taxable path forward

If your tax-advantaged space has room for all your bonds you probably don't need bonds in taxable. (There are some varying opinions on this point.) I'd put all your bonds in Roth and get rid of the expensive one in 401k. Tax-exempt bonds in taxable is definitely a reasonable alternative, and some p...
by tx_hombre
Tue Jun 27, 2017 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: General feedback - Specific feedback about taxable path forward
Replies: 9
Views: 390

Re: General feedback - Specific feedback about taxable path forward

Hi -- We brought in just over $230k last year, which I believe puts us into 33%, right? Compensation is salary + stock compensation, which I hopefully outlined accurately in the original post. Happy to edit and correct though. You taxable income determines your bracket, not your gross. Just opened ...
by tx_hombre
Tue Jun 27, 2017 2:41 pm
Forum: Investing - Help with Personal Investments
Topic: General feedback - Specific feedback about taxable path forward
Replies: 9
Views: 390

Re: General feedback - Specific feedback about taxable path forward

Hi -- We brought in just over $230k last year, which I believe puts us into 33%, right?
Compensation is salary + stock compensation, which I hopefully outlined accurately in the original post. Happy to edit and correct though.
by tx_hombre
Tue Jun 27, 2017 1:44 pm
Forum: Investing - Help with Personal Investments
Topic: General feedback - Specific feedback about taxable path forward
Replies: 9
Views: 390

General feedback - Specific feedback about taxable path forward

First time poster here. Have spent the last few weeks reading just about every post here! What a fantastic community. Looking for feedback primarily on how we plan to expand into taxable going forward, as well as general feedback on our portfolio and financial situation. Emergency funds: 6 months of...