Search found 113 matches

by why3not
Wed Feb 22, 2017 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Real estate vs debt payments
Replies: 16
Views: 892

Re: Real estate vs debt payments

What is the market value of the lot? What is the expected rate of return, what are the annual taxes? I see it as a sort of pseudo-investment, that (hopefully) will offer some slow growth of capital. If you expect it to grow more than 3.75% annually (after taxes & RE costs), it is a decent invest...
by why3not
Mon Feb 20, 2017 7:19 pm
Forum: Investing - Help with Personal Investments
Topic: Once having achieved 30X -- share your strategy?
Replies: 42
Views: 3925

Re: Once having achieved 30X -- share your strategy?

1) Actual expenses (inflation adjusted) need not go up at all as income or total assets grow. I have a detailed excel spreadsheet going back to 1992 and it shows that my average expenses have mostly just followed inflation over almost 25 years regardless of my income or wealth. This has not been my...
by why3not
Mon Feb 20, 2017 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: home improvementl strategy
Replies: 16
Views: 1652

Re: home improvementl strategy

assuming you are talking about home improvement & not emergency home repair, to me the best strategy is: 1_ pay off student loans 2_ use excess + paid off loans to save cash in excess of 6 months expenses 3_ when #2 is enough to pay for home improvment, do so 4_repeat steps 2 & 3 until finis...
by why3not
Mon Feb 20, 2017 2:59 pm
Forum: Investing - Help with Personal Investments
Topic: Once having achieved 30X -- share your strategy?
Replies: 42
Views: 3925

Re: Once having achieved 30X -- share your strategy?

FWIW, if I had assets 30x my spending, I would keep 12-18 months worth of expenses in cash equivalents (MM or online savings account) and dump the remainder in a portfolio that was 60% invested in equities and 40% in fixed income. This is what DW and I currently do (in the 25-30x range last time I ...
by why3not
Fri Feb 17, 2017 6:16 am
Forum: Personal Finance (Not Investing)
Topic: Large capital gain in 2017 from estate, set money aside in CD now?
Replies: 9
Views: 693

Re: Large capital gain in 2017 from estate, set money aside in CD now?

MisterBill wrote: The estate is going to pass thru the capital gains on the sale to the beneficiaries, but the estate tax year is not a calendar year, so I will not have to report it until my 2017 taxes.?

Aren't you getting the stepped up basis of the property? How much did it increase in value since she passed?
by why3not
Fri Feb 17, 2017 5:26 am
Forum: Personal Finance (Not Investing)
Topic: Debt Payment Strategy/Interest Question
Replies: 26
Views: 1325

Re: Debt Payment Strategy/Interest Question

Flip this & think of two investment accounts. Account 1 has a balance of $100 and is returning 12% per year and is guaranteed to do so the next 100 years. Account 2 has a balance of $100,000 and is returning 1.2% and is guaranteed to do so for the next 100 years. Which one do you put your next $...
by why3not
Wed Feb 15, 2017 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Mailed Speeding Ticket via Auto System - Not Driver
Replies: 57
Views: 1673

Re: Mailed Speeding Ticket via Auto System - Not Driver

BTW, @ the OP. Assuming you & your wife get along, there could be a reason to get the violation moved over to her name. Reportedly the insurance companies have now caught on to these "no point" violations & are beginning to adjust your car insurance rates accordingly. It is possibl...
by why3not
Wed Feb 15, 2017 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Mailed Speeding Ticket via Auto System - Not Driver
Replies: 57
Views: 1673

Re: Mailed Speeding Ticket via Auto System - Not Driver

Does that seem fair or legal? Clearly it is legal. That is how the law is written & apparently (per pervious posts upthread) has passed through district circuit appeals. So that seems to leave either fighting it at the Supreme Court or getting the law changed through the legislature. In the mea...
by why3not
Wed Feb 15, 2017 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: Who would quit playing if they already won?
Replies: 106
Views: 10216

Re: Who would quit playing if they already won?

Assume 30x Income = 1x Let's say 2x or 3x. Where would you "put aside the 1x? Where 1x = Y Then "Y"= 100% Vanguard Total Bond Market? or "Y" = 100% various Treasuries from Treasury Direct. or ??? j Me? Assuming your life expectancy is somewhere in the neighborhood of 30 yea...
by why3not
Wed Feb 15, 2017 3:14 pm
Forum: Investing - Help with Personal Investments
Topic: -$280k Net Worth Has Me Up At Night
Replies: 68
Views: 8785

Re: -$280k Net Worth Has Me Up At Night

Hard to beat that risk free 6.5% after tax return on the student loans.
by why3not
Wed Feb 15, 2017 2:50 pm
Forum: Personal Consumer Issues
Topic: New cars or Pool?
Replies: 59
Views: 3234

Re: New cars or Pool?

I didn't read more than the first few responses, so I will just give some quick anecdotal thoughts. 1) Had pools for 20+ years now, all while raising kids. Never had near drownings by any of my kids & they generally are all self taught swimmers. Care & common sense by parents during the firs...
by why3not
Fri Feb 03, 2017 5:36 am
Forum: Investing - Theory, News & General
Topic: Risk tolerance when you meet your number
Replies: 106
Views: 9696

Re: Risk tolerance when you meet your number

1. Let’s say that you met your number and were financially independent but are young and didn’t want to retire yet. Would you (a) put all your money in a very low risk position (cash, TIPS, bonds, etc.) or (b) keep a certain piece in a riskier (stocks) position? What is so different about question ...
by why3not
Thu Feb 02, 2017 6:36 am
Forum: Personal Finance (Not Investing)
Topic: Milestone and gotta tell someone
Replies: 61
Views: 5371

Re: Milestone and gotta tell someone

Woo hoo!
Congratulations
by why3not
Wed Feb 01, 2017 7:20 am
Forum: Investing - Help with Personal Investments
Topic: Prioritizing additional mortgage principal payment between Primary residence vs rental property
Replies: 5
Views: 426

Re: Prioritizing additional mortgage principal payment between Primary residence vs rental property

Monthly cash-flow from rental: negative 675 :oops: . Reason still keeping it around: -- Tried to sell it about 5 years ago when i relocated., but market was in dumps and house sat in the market for 6 months without offers. -- Demand for rental is high. -- It would have been cash flow positive if it...
by why3not
Mon Jan 30, 2017 7:29 am
Forum: Investing - Help with Personal Investments
Topic: Please Help with 25 Year Old Daughter-In-Law.
Replies: 36
Views: 5595

Re: Please Help with 25 Year Old Daughter-In-Law.

I suggest a gift with no strings attached rather than trying to manipulate her behavior though money. As part of the gift, you can suggest that you hope she will be able to contribute a matching amount to her 401k for her future, but then never ask again. If you don't like that, offer to pay her day...
by why3not
Thu Jan 26, 2017 7:28 am
Forum: Investing - Theory, News & General
Topic: Simple vs. Compound Return
Replies: 11
Views: 2163

Re: Simple vs. Compound Return

Randomwalker, I am not sure I understand your question "doesn't it make sense to consider diversifying across as many sources of return as possible"? There are quite a few posters who feel that the 3-fund portfolio does that (for the major investment classes at least). But I'm guessing tha...
by why3not
Fri Jan 20, 2017 5:34 am
Forum: Investing - Help with Personal Investments
Topic: Trying to get on track
Replies: 35
Views: 2344

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: 320
Views: 22837

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: 1107

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: 1850

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: 777

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: 3122

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: 1833

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: 661

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: 783

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: 783

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: 4025

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: 6831

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: 320
Views: 22837

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: 1770

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: 320
Views: 22837

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: 320
Views: 22837

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: 12801

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: 1976

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: 28007

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: 7045

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: 4054

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: 553

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: 2551

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: 1423

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: 3333
Views: 838574

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: 2185

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: 6689

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: 6689

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: 6689

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: 2716

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: 2185

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: 3311

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: 260

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: 657

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.

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