Search found 97 matches

by why3not
Fri Jan 20, 2017 5:34 am
Forum: Investing - Help with Personal Investments
Topic: Trying to get on track
Replies: 35
Views: 2071

Re: Trying to get on track

We make approx 2x what you do, live in a HCOL area and are not exactly what I would call frugal. The line items that jumped out at me were: Clothing @ $1700. - this is about $1300-1400/month over our spending with 2 working adults + 2 kids. Groceries @ $2750 - this is about $1500/month over our spen...
by why3not
Thu Jan 19, 2017 6:45 am
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 252
Views: 15660

Re: Annual Vacation Budget

metrunt wrote: so on a trip, we budget +$10 or $35 a day

While staying in hotels, I find this hard to do for myself, much less a family of 5.
by why3not
Mon Jan 16, 2017 7:16 am
Forum: Investing - Help with Personal Investments
Topic: How should I Invest my inheritance?
Replies: 7
Views: 1067

Re: How should I Invest my inheritance?

I agree that Compound gave you a great read. It would help you get better answers if you can provide a bit more detail. How old are you? What is the goal for the money (college, house, retirement, etc)? Investment time frame? (you have given us 10+ years, typically this long of a term makes me &...
by why3not
Mon Jan 16, 2017 6:46 am
Forum: Investing - Help with Personal Investments
Topic: newly acquired portfolio feedback
Replies: 19
Views: 1663

Re: newly acquired portfolio feedback

It looks like you are doing a good job & have a simple, easy to implement plan. The only things I have for consideration are: 95/5 is quite aggressive AA for a 2MM portfolio. It is easy to look back at charts for events like 2008 & think you can survive a few years of your account balance dr...
by why3not
Fri Jan 13, 2017 10:36 am
Forum: Investing - Help with Personal Investments
Topic: A Few BND Questions
Replies: 12
Views: 721

Re: A Few BND Questions

Hmm, I seemed to think that his justification was that he times by what the market did in the past, not by what he supposes it will do in the future?
by why3not
Fri Jan 13, 2017 10:30 am
Forum: Investing - Help with Personal Investments
Topic: Amazon???
Replies: 22
Views: 3065

Re: Amazon???

150k representing 3% of your portfolio brings you in around $5 million? I am not personally into individual stocks, but at that level of capital you should be able to build "retiredwrench mutual fund" by buying a big basket of individual stocks to spread the pain of any single one going un...
by why3not
Fri Jan 13, 2017 7:52 am
Forum: Investing - Help with Personal Investments
Topic: Tight Budget Noobie help with Retirement
Replies: 31
Views: 1758

Re: Tight Budget Noobie help with Retirement

murael23 wrote:
aristotelian wrote:Granted I do wish I could have talked the wife into a cheaper vehicle than a 4x4 crew cab truck, but my attempts were unsuccessful.

I assume this is a joke.
by why3not
Fri Jan 13, 2017 7:29 am
Forum: Investing - Help with Personal Investments
Topic: Setting up three different new retirement accounts, should I keep the same portfolio for all three or switch it up?
Replies: 7
Views: 641

Re: Setting up three different new retirement accounts, should I keep the same portfolio for all three or switch it up?

If I understand, you are asking if you should invest in the same funds & the same % across 3 retirement accounts? If so, my answer is yes. It makes life simpler.
by why3not
Fri Jan 13, 2017 7:02 am
Forum: Investing - Help with Personal Investments
Topic: HELP! First Time Investor
Replies: 8
Views: 755

Re: HELP! First Time Investor

Thank you for all the replies. Yes, I don't need life insurance and wish I had thought about that before I had rushed into things last year. I've paid $950/mo for past 11 months. After all the reading on the internet, I think the best decision would be for me to chuck it up to experience and get ou...
by why3not
Thu Jan 12, 2017 11:15 am
Forum: Investing - Help with Personal Investments
Topic: HELP! First Time Investor
Replies: 8
Views: 755

Re: HELP! First Time Investor

Put a term life policy in place, and only then cancel the whole life. I don't really see the need for the OP to have life insurance. I think Whole Life was sold as an investment policy not an insurance policy. regarding #4, nothing wrong with a target retirement fund in your 401k. The problem is ke...
by why3not
Thu Jan 12, 2017 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Inquiring about family finances?
Replies: 46
Views: 3861

Re: Inquiring about familiy finances?

C.J. Langenhoven wrote:"Never offer unsolicited advice. The receiver might not know that you are smarter than him."
by why3not
Thu Jan 12, 2017 8:14 am
Forum: Investing - Theory, News & General
Topic: Investing only after a market correction
Replies: 99
Views: 6614

Re: Investing only after a market correction

For a (at least close to) worst case scenario, you could look at beginning this plan inJune 1, 2007 and ask how long you would stick to your buying plan. It would take some real intestinal fortitude, but eventually would likely pay off... compare that to paying off debt instead. Is it likely that th...
by why3not
Thu Jan 12, 2017 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 252
Views: 15660

Re: Annual Vacation Budget

In 2016, I spent 119 nights sleeping away from home, which included 59 nights in Spain, and on a different trip 21 nights in France, Poland and Czech Republic. My total travel expenses in 2016 were $13,563. Victoria Nice! I'm looking forward to being retired, ditch the kids and take trips when I ca...
by why3not
Thu Jan 12, 2017 6:18 am
Forum: Personal Finance (Not Investing)
Topic: Been renting for 10 years. Is it about time for me to get my own place?
Replies: 11
Views: 1713

Re: Been renting for 10 years. Is it about time for me to get my own place?

I think JimB nailed a lot of the financial details. One of the things he missed is that the $170k you pull out of your taxable account will no longer be compounding growth & will instead be in the bank making them money. So lots of opportunity cost in your decision to buy. For example, would you...
by why3not
Wed Jan 11, 2017 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 252
Views: 15660

Re: Annual Vacation Budget

Get FI squared away, take cheaper (but as enjoyable) vacations in the mean time, then go nuts once FI is set. Or, go nuts now, simply dismiss the whole argument as subjective value of "experiences", and don't worry about what some guy on the internet says. I have the last one covered with...
by why3not
Wed Jan 11, 2017 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Annual Vacation Budget
Replies: 252
Views: 15660

Re: Annual Vacation Budget

Unless folks are independently wealthy and have already won the game and retired - for the most part - these are ridiculous numbers to spend on vacations. I may be one you consider "ridiculous", but I'm sure there are things you spend money on that I would deem ridiculous. Travel is somet...
by why3not
Tue Jan 10, 2017 9:19 am
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 189
Views: 12148

Re: How Bad was 2008, really?

but being young, why should I care if I go down 50% on paper? <snip> I'm really not trying to downplay the fear and anxiety of a brutal bear market, just trying to understand it. You can't understand as long as you think about it in terms only of a paper loss. You need to think about what happened ...
by why3not
Wed Jan 04, 2017 1:16 pm
Forum: Investing - Help with Personal Investments
Topic: Help Elderly Person - Income generating with $1500
Replies: 19
Views: 1930

Re: Help Elderly Person - Income generating with $1500

You don't have enough information to make a recommendation. I appreciate you wanting to help an elderly neighbor out, but you are heading down a bad path. If $1500 is all the money she has (unknown), do you really want to recommend she place it in something that has the potential to turn into $750 b...
by why3not
Tue Jan 03, 2017 7:55 am
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 245
Views: 27076

Re: Whats your number to walk away?

In the first half of my 40's... to walk away & never work again I would need to be able to afford any entertainment I want, so I would think hard at 50 million. More likely scenarios include dabbling in areas that interest me and make some money at the same time (call that work if you would like...
by why3not
Tue Jan 03, 2017 7:29 am
Forum: Personal Finance (Not Investing)
Topic: Monthly Expenses in line or too much
Replies: 81
Views: 6902

Re: Monthly Expenses in line or too much

We consider ourselves near the top of middle class. HCOL area. Family of 4. Monthly spending excluding mortgage/taxes/interest = 10k It has been there for years, fluctuating slightly & I didn't actively track it last year. No car payments, food & travel are easily the two biggest budget item...
by why3not
Wed Dec 14, 2016 9:18 pm
Forum: Investing - Theory, News & General
Topic: winning game, sell stocks despite high bond prices?
Replies: 47
Views: 4001

Re: winning game, sell stocks despite high bond prices?

We are early/mid 40s. The milestone is a net worth milestone, but more importantly it reflects an X annual expenses . My wife and I were in the exact same situation. We hit 20x at about that time. We had been running 80/20 and our IPS called for a shift to 60/40 at that point. We did it lump sum, i...
by why3not
Wed Dec 14, 2016 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Capital Gains on Primary Residence if mortgage & debts?
Replies: 7
Views: 531

Re: Capital Gains on Primary Residence if mortgage & debts?

No taxable cap gains for her. Be aware that she is unlikely to clear 100k with the numbers you provided. Assuming about 10% in comissions, fees and minor repairs, she gets 200k but has to pay off mortgage and home equitg so she is likely to end up with 75k or so. 401k loan has to be paid back within...
by why3not
Sat Dec 10, 2016 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Retirement savings vs. pre-retirement spend. When is enough enough?
Replies: 25
Views: 2494

Re: Retirement savings vs. pre-retirement spend. When is enough enough?

I think the 529s are way underfunded & would look at putting more in there. Possibly by reducing retirement down to match amounts. It may not be needed per klangfool if you can withdraw penakty free from retirement. Not something i am the right age for so i never thought about it. A reality chec...
by why3not
Fri Dec 09, 2016 8:55 am
Forum: Investing - Help with Personal Investments
Topic: New to investing and requesting assistance
Replies: 18
Views: 1391

Re: Another question

Assuming you have held the funds for more than 1 year, long term capital gains tax rates apply. If your income plus gains is only 24000, you shouldn't have to pay any federal tax on the gains. State tax treatment of capital gains varies by state. Yes on your capital loss next year. Possibly on your ...
by why3not
Fri Dec 09, 2016 7:53 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3305
Views: 813666

Re: U.S. stocks in freefall

At least you don't have to buy the stock back at the higher price or do you :confused I sure do! See my post above this one. I had $30k out of the market over the past 30 days while the market had it's most recent run up. I'm hesitant to put it all in next week, the data says do it, my gut says tha...
by why3not
Thu Dec 01, 2016 7:59 am
Forum: Investing - Help with Personal Investments
Topic: Am I On Track?
Replies: 17
Views: 2152

Re: Am I On Track?

So drop my contribution to the Roth IRA? can you explain the method of determination behind that? Actually, at $97K/yr gross, it's not unreasonable to expect you could put $18K/yr into the 403B, plus $5500/yr into a Roth IRA. That was basically what I meant. Instead of only putting 15% or $14500 in...
by why3not
Wed Nov 30, 2016 5:36 pm
Forum: Personal Consumer Issues
Topic: Should I buy a new car for safety's sake?
Replies: 152
Views: 6587

Re: Should I buy a new car for safety's sake?

Reading this thread makes me wonder how the US and other car centric societies survived given the death traps we all were in until 2017 cars came around. The answer, of course, is that a lot of people didn't survive. The traffic death rate in 1921 was about 240 deaths per billion vehicle miles trav...
by why3not
Wed Nov 30, 2016 5:01 pm
Forum: Personal Consumer Issues
Topic: Should I buy a new car for safety's sake?
Replies: 152
Views: 6587

Re: Should I buy a new car for safety's sake?

Reading this thread makes me wonder how the US and other car centric societies survived given the death traps we all were in until 2017 cars came around.
by why3not
Wed Nov 30, 2016 5:44 am
Forum: Personal Consumer Issues
Topic: Should I buy a new car for safety's sake?
Replies: 152
Views: 6587

Re: Should I buy a new car for safety's sake?

I split my driving approx 50-50 between my car (11 years old) and rentals which are usually <1 year old. I have not noticed any significant safety improvements in the newer cars. The only feature I have seen that my car doesn't have is an anti-collision feature that automatically applied brakes &...
by why3not
Tue Nov 29, 2016 9:41 am
Forum: Personal Finance (Not Investing)
Topic: How to discuss salary offer as a manager?
Replies: 29
Views: 2697

Re: How to discuss salary offer as a manager?

nimo956 wrote: I need advice on how to discuss salary during the job interview process and set expectations appropriately.

Don't.
If HR is setting the salary, you should tell the candidate that salary will be set by HR. Keep the interview about the job & let HR discuss the salary with an internal transfer.
by why3not
Tue Nov 29, 2016 9:14 am
Forum: Investing - Help with Personal Investments
Topic: Am I On Track?
Replies: 17
Views: 2152

Re: Am I On Track?

[ Put the 754.17/mo in a 403 account? is that the correct method of calculation? Yes. If it were me, I would just put the whole $1212.50 into the 403b. Treat 15% as a minimum & not a maximum. You can always back off a bit if life changes & you have other needs such as funding a 529 for kids...
by why3not
Tue Nov 29, 2016 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Stupid question on Emergency Fund
Replies: 21
Views: 3270

Re: Stupid question on Emergency Fund

2. I just realized that I have some mineral royalties that pay about $700/month. Now, this amount is variable and subject to commodities market, but the $700 is actually toward the low value I have obtained. If I count this a income, how would I calculate it as income during an emergency? I.e. If I...
by why3not
Tue Nov 29, 2016 8:11 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio makeup
Replies: 3
Views: 248

Re: Portfolio makeup

My thought is that usually folks look at increasing bond % as they enter retirement. You are looking to do the opposite. That is relatively unusual.

Without more information, I can't provide any opinion on if it is unusual "good" or unusual "bad".
by why3not
Tue Nov 29, 2016 8:05 am
Forum: Investing - Help with Personal Investments
Topic: Compound interest savings vs. investing on Fidelity Freedom Index 2025 fund
Replies: 10
Views: 632

Re: Compound interest savings vs. investing on Fidelity Freedom Index 2025 fund

retiredjg wrote:It is probably not wise to keep money for retirement in a savings account. it will not grow fast enough. In fact, it may not even keep up with inflation.

+1 except I don't think you stated it strongly enough.
by why3not
Wed Nov 23, 2016 9:47 am
Forum: Personal Finance (Not Investing)
Topic: From no state-tax to state-tax
Replies: 26
Views: 2760

Re: From no state-tax to state-tax

I also moved from a no income tax state to a state with income tax. Not much you can do other than accept the "pay cut". Change the way you do your schedule A deductions from sales tax to state income tax. Don't forget that you now have to fill out a state income tax form in addition to yo...
by why3not
Tue Nov 22, 2016 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: In a taxable account do you reinvest dividends and capital gains?
Replies: 24
Views: 1605

Re: In a taxable account do you reinvest dividends and capital gains?

Not automatically. I put them into an account where I also dump my new contribution $. I then transfer that account balance in quarterly. That way I only get 4 specific ID's per year to track & control into what fund it goes (rebalance through new purchases).
by why3not
Tue Nov 22, 2016 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Double Check Figures: Affording $1M Home
Replies: 81
Views: 7052

Re: Double Check Figures: Affording $1M Home

HardHitter wrote:[ we are looking to move into our "forever home".

I have discovered through hard-won experience, that such a beast is very elusive.
by why3not
Tue Nov 22, 2016 11:01 am
Forum: Personal Finance (Not Investing)
Topic: I just fired my son - trying to teach about hard work and money
Replies: 37
Views: 4110

Re: I just fired my son - trying to teach about hard work and money

Not every kid is meant to grow into a hard & steady worker. I have a personal friend worth several hundred million $ that is all self-made and describes himself as ADD & can't stand to work on any single task for longer than a 20 minute span.
by why3not
Tue Nov 22, 2016 10:39 am
Forum: Investing - Theory, News & General
Topic: Retreat to cash
Replies: 219
Views: 21962

Re: Retreat to cash

It could be the right move, it could be the wrong move. I can't predict the future. If I could, I would market time and be so wealthy as to not worry about any of this.
by why3not
Tue Nov 22, 2016 10:32 am
Forum: Investing - Help with Personal Investments
Topic: Turned 31, age in... equities
Replies: 11
Views: 1148

Re: Turned 31, age in... equities

My portfolio is excessively conservative Says who? Thus you have to decide for yourself how much willingness, ability and NEED to take risk you have, and don't take more than you NEED to or have the ability or willingness to take. Measure your portfolio against your own needs, willingness & abi...
by why3not
Tue Nov 08, 2016 9:58 am
Forum: Investing - Theory, News & General
Topic: House Price = 150 X Monthly Rent
Replies: 16
Views: 2877

Re: House Price = 150 X Monthly Rent

I have always heard it as 15x annual rent (180x monthly), supposedly that is the long term average in the US.
by why3not
Thu Nov 03, 2016 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Finance - Unhealthy
Replies: 28
Views: 4246

Re: Personal Finance - Unhealthy

Do not consolidate the debts. I like EnjoyIt's plan. He missed your "upside down" debt on the car, but even tacking that on at the end you are debt free at 18 months or so. Drop your 401k to % to get company match. Put extra into debt payments. Once you are done, build your cash for the ne...
by why3not
Thu Oct 27, 2016 12:37 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe's latest market returns forecast
Replies: 380
Views: 29684

Re: Larry Swedroe's latest market returns forecast

I'm on the other side of the fence (with Homer and maybe a few others, but it is pretty sparse over here) probably more than you think Which is really sad. I'm really surprised how few Bogleheads are stepping up and saying "No, you shouldn't time the market". Larry is a really smart guy i...
by why3not
Thu Oct 27, 2016 10:24 am
Forum: Personal Finance (Not Investing)
Topic: I need career and financial advice
Replies: 36
Views: 2242

Re: I need career and financial advice

She makes $15 an hour, 35 hours a week. I think our state tax over $3k. I don't have last year's tax returns or my current pay stubs (I file them) but in 2014 we paid $2,627 on $62,437 AGI. I don't get much of a refund. In 2014 we got $150 combined from state and federal. Last year we got $3,500 du...
by why3not
Thu Oct 27, 2016 9:12 am
Forum: Personal Finance (Not Investing)
Topic: I need career and financial advice
Replies: 36
Views: 2242

Re: I need career and financial advice

What is the company really worth? How much of a discount will you get for being a long time employee? Example, if someone offers them $100k, will the sell to you at $80k? From the outside looking in (in other words, I have no idea) it seems the company has some capital equipment (computers, plotters...
by why3not
Thu Oct 27, 2016 8:01 am
Forum: Personal Finance (Not Investing)
Topic: Figuring out the next steps...
Replies: 9
Views: 1073

Re: Figuring out the next steps...

The point behind buying used now & then resetting and buying again a few years from now is that your life will have changed considerably in those years. In that time it seems likely that you will move from renting to owning a home and added a couple of kids. You have limited funds. Focus your fu...
by why3not
Wed Oct 26, 2016 8:00 am
Forum: Investing - Help with Personal Investments
Topic: Suggestions for financial goals and planning
Replies: 17
Views: 2111

Re: Suggestions for financial goals and planning

I personally would pay off my debts with it first & then put the remainder into an equity fund in my taxable account. Once I have a goal in mind (ie: purchase an vacation home 3 years from now) I would put that amount of $ into a bond fund of the approximate same duration as the timeline of the ...
by why3not
Wed Oct 26, 2016 6:32 am
Forum: Investing - Help with Personal Investments
Topic: Investment and Plan Advice Welcome
Replies: 6
Views: 584

Re: Investment and Plan Advice Welcome

It would be better if you edited your original post (first one in this subject) to include the names rather than rewriting it lower down in the string. To answer your REIT fund question: the difference in price between when you bought it and when you sell it is your gain (or loss). If held for under...
by why3not
Tue Oct 25, 2016 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Figuring out the next steps...
Replies: 9
Views: 1073

Re: Figuring out the next steps...

Sorry for spelling and typing errors, this is written on my phone 1)you are doing quite well. Whwn your promotion comes in, try to max your deferred space (ie 36k) before you get used to the extra money. That will he something like 18-20% each. Frankly i would also try to max out Roth IRAs as well b...

Go to advanced search