Search found 56 matches

by kinetic2255
Sat Feb 06, 2021 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Does having your portfolio grow make you feel richer?
Replies: 34
Views: 2292

Re: Does having your portfolio grow make you feel richer?

Still not enough for me to use the word richer, at least by Bogleheads standards. I do feel a sense of contentment that our plan is working. Overall, I feel the same as I did when I was less well off. One day I'll let the momentum pry some $$ for trash pickup or a cleaning person once and awhile :sh...
by kinetic2255
Fri Jan 22, 2021 6:26 am
Forum: Personal Finance (Not Investing)
Topic: Now that I'm a homeowner, how do I track my net-worth in an Excel document?
Replies: 54
Views: 4637

Re: Now that I'm a homeowner, how do I track my net-worth in an Excel document?

I track a conservative estimate in my net worth spreadsheet. As mentioned by other posters a simple value of home in one column and remaining mortgage in liabilities column (or row in your case) I use a summary page to chart 4 lines over time for a visualization. Liabilities, investments, house valu...
by kinetic2255
Wed Jan 20, 2021 7:53 pm
Forum: Personal Consumer Issues
Topic: Replace cheap flooring?
Replies: 30
Views: 1891

Re: Replace cheap flooring?

The citizens of Bogleheadstan officially approve your proposal to have your crappy flooring replaced. :sharebeer Kudos to the OP for the attempt to living with it for a couple years. My only caution is children. If you have any, or plan to you may want to wait. We did three phases of gut job remode...
by kinetic2255
Fri Jan 01, 2021 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2475
Views: 564048

Re: Share your net worth progression

Started working in 2005, currently 37, married with 3 girls under 8. Salary ~$120k. Investments 2011 - $118K 2012 - $165k (wife became STAH mom) 2013 - $235k 2014 - $289k 2015 - $315k 2016 - $434k 2017 - $544k 2018 - $543k 2019 - $720k (plus $133k principal in our house, $63k in 529s, $75k in savin...
by kinetic2255
Fri Jul 03, 2020 11:01 am
Forum: Personal Investments
Topic: Roth lovers: Is our ratio out of whack?
Replies: 8
Views: 827

Re: ROTH lovers: Is our ratio out of whack?

I’ll toss in the obligatory 'Roth is not an acronym, but a proper name (last name of the individual who helped make it a thing) so only capitalize the first letter.' Just something we all learn along the way. Do you know how carefully I write these posts? You learn something new every day, edit mad...
by kinetic2255
Fri Jul 03, 2020 10:24 am
Forum: Personal Investments
Topic: Roth lovers: Is our ratio out of whack?
Replies: 8
Views: 827

Roth lovers: Is our ratio out of whack?

About a year ago one of my wife’s employers changed ownership (she’s per diem). The new group has a 401(k) and now offers a Roth 401(k) option through Fidelity. While updating our net worth spreadsheet I calculated our Roth/Traditional ratio and was seeking some feedback regarding contributing to th...
by kinetic2255
Tue May 05, 2020 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Buying Home - How Near Parents?
Replies: 30
Views: 3097

Re: Buying Home - How Near Parents?

My experience: We are about 45 minutes from the grandparents (other set is 1000 miles away). We are outliers as most friends and family decide to stay "local". Occasionally, there is relational strain with how much we visit them vs. they visiting us, some exclusion due to distance, them se...
by kinetic2255
Tue Apr 07, 2020 9:34 am
Forum: Personal Investments
Topic: Rebalancing...now?
Replies: 13
Views: 1405

Re: Rebalancing...now?

According to my IPS last week was annual rebalance time for me. I dragged my feet thinking I would run this same question by the forum as I didn't want to jump the gun and use all of my bond dry powder if the market was going to continue to trend downward. I did some reading on this site, one thing ...
by kinetic2255
Thu Mar 26, 2020 9:47 pm
Forum: Investing - Theory, News & General
Topic: Any other investors with 70/30 portfolio?
Replies: 110
Views: 21492

Re: Any other investors with 70/30 portfolio?

38/38 and have been 70/30 for quite a few years now. Comfortable at that AA and plan to continue with no glide path into our 40's. IPS states we will revisit at 45. Work offers a 4% guaranteed accumulation fund and we have about 90% of the bond allocation parked in this 'fund' as all other equities ...
by kinetic2255
Fri Mar 06, 2020 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 1751
Views: 162772

Re: My LenderFi refinance is going well

I applied last week and received my request for a 15 year @2.75 with a loan estimate for a 30 year. I emailed the lender, he emailed back quickly and resent the correct forms. I had some other questions and left two messages. I then emailed. He responded via email apologized and told me two coworker...
by kinetic2255
Sat Feb 15, 2020 9:51 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 6415
Views: 1437116

Re: What Movie Have You Recently Watched?

The last movie we saw in the theaters was Dumb and Dumber 2. Recently went to see 1917. It was a significant upgrade.
by kinetic2255
Thu Nov 14, 2019 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Lump Sum Offer - Monthly Big Mac in 2047?
Replies: 10
Views: 1694

Re: Pension Lump Sum Offer - Monthly Big Mac in 2047?

Fairly unanimous support of lump sum. I executed it last night. Thank you all for the thoughtful responses!!
by kinetic2255
Tue Nov 12, 2019 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Lump Sum Offer - Monthly Big Mac in 2047?
Replies: 10
Views: 1694

Re: Pension Lump Sum Offer - Monthly Big Mac in 2047?

Actuarial mumbo-jumbo! I can decipher part, but not all, of it (and I worked for a life insurer). And trying to translate it into English won't help your decision process. You're 37 years old. You're almost 30 years away from needing the money. Follow your gut. Take the lump sum. Roll it, ideally i...
by kinetic2255
Sat Nov 09, 2019 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Pension Lump Sum Offer - Monthly Big Mac in 2047?
Replies: 10
Views: 1694

Pension Lump Sum Offer - Monthly Big Mac in 2047?

I received a ‘one time only’ lump sum offer from a former company I worked for (7yrs). The pension is 100% funded and stable. I am trying to evaluate whether to take it or not. For what it’s worth I haven't considered it as a part of my retirement assets and view it as retirement gravy or as the sub...
by kinetic2255
Sat Apr 06, 2019 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Selling Breast Milk - 1099-MISC SCH C or Line 21?
Replies: 40
Views: 4239

Re: Selling Breast Milk - 1099-MISC SCH C or Line 21?

Next question: Did the Lactation involve an intent to earn money? Yes = Schedule C. No = line 21. I walked this through at least a couple of the other 'maybe' bullets like "1099-MISC but should have been W-2" and "commission, bonus, prize etc". On each, the trigger is the answer...
by kinetic2255
Fri Apr 05, 2019 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Selling Breast Milk - 1099-MISC SCH C or Line 21?
Replies: 40
Views: 4239

Re: Selling Breast Milk - 1099-MISC SCH C or Line 21?

You need to go back to the 1099-MISC input screens and answer each and every question VERY SLOWLY!! One of the questions says: “Does one of these uncommon situations apply?” If you answer the question correctly, it will ask you a few more questions and put the $1068 on line 21. Yes, TT knows what i...
by kinetic2255
Fri Apr 05, 2019 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Selling Breast Milk - 1099-MISC SCH C or Line 21?
Replies: 40
Views: 4239

Re: Selling Breast Milk - 1099-MISC SCH C or Line 21?

Thanks for the responses thus far. I don't think it really matters to the IRS which way to report the income Doesn't it make a difference in self-employment tax? OP, did you look to see if TT added self employment when you reported on Sched C? TT automatically generated self employment questions to ...
by kinetic2255
Thu Apr 04, 2019 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: Selling Breast Milk - 1099-MISC SCH C or Line 21?
Replies: 40
Views: 4239

Selling Breast Milk - 1099-MISC SCH C or Line 21?

True story: My wife, being the hustler she is, decided to sell her excess breast milk to a company in CA (not an employee) for $$. She received a 1099-MISC with $1068 marked in box 7. This is not associated with her normal employment and was a one time event not a business. All bags were supplied by...
by kinetic2255
Sun Mar 17, 2019 1:03 pm
Forum: Personal Investments
Topic: Mourning the loss of savings rate
Replies: 38
Views: 4720

Re: Mourning the loss of savings rate

I would focus less on the actual percentage rate and more on whether you are saving enough to meet your goals. I started saving very early, married someone who did the same, and so I save a lower percentage now that I am in what I call the expensive years of kids in college, etc. That’s ok because ...
by kinetic2255
Sun Mar 17, 2019 12:56 pm
Forum: Personal Investments
Topic: Mourning the loss of savings rate
Replies: 38
Views: 4720

Re: Mourning the loss of savings rate

My recommendation? Stop focusing on absolutes. Things change. I smile when I see people writing detailed plans and coming up with exact forecasts. Life changes. Especially if you don't have kids yet, or just got kids. Many haven't a clue how much kids cost. Here's my guidance, take it for what it's...
by kinetic2255
Sun Mar 17, 2019 12:46 pm
Forum: Personal Investments
Topic: Mourning the loss of savings rate
Replies: 38
Views: 4720

Re: Mourning the loss of savings rate

More details about your income and spending would be helpful. Unless you live in a high cost of living area, it seems that you should be able to achieve a higher savings rate than 25% if you're as motivated as you seem to be with your apparent income (i.e. in the 22% bracket and should have child-t...
by kinetic2255
Sun Mar 17, 2019 10:55 am
Forum: Personal Investments
Topic: Mourning the loss of savings rate
Replies: 38
Views: 4720

Mourning the loss of savings rate

In January we reduced our household savings rate from 38% of gross to approximately 25%. I'm really struggling with this. Five years ago we implemented a boglehead strategy and have made some amazing progress! The final phase of a five year gut/remodel farmhouse project is finished and we added thre...
by kinetic2255
Sun Mar 17, 2019 9:52 am
Forum: Personal Consumer Issues
Topic: Am I being cheap? Wife wants a minivan, but I want to hold off
Replies: 170
Views: 9363

Re: Am I being cheap? Wife wants a minivan, but I want to hold off

I appreciate the OPs position on getting rid of a car in its prime. We were forced into the van decision by adding a third child (three car seats). I wasn't against a van but we had just purchased a used 2013 CR-V. We sold the CRV privately and purchased a 2012 Odyssey with 70k miles. It has been aw...
by kinetic2255
Wed Feb 27, 2019 11:27 am
Forum: Personal Consumer Issues
Topic: brand new Sienna/Odyssey or gently used?
Replies: 40
Views: 3243

Re: brand new Sienna/Odyssey or gently used?

Family of 5, all kids under 5. I see no issue with going uaed. Last year we got a 2012 odyssey with the 8th seat (awesome for the infant car seat). It had 70k miles for $12k. It was in good shape but had a couple warts. After about 1 month I was really glad we went used. Between trips to the hardwar...
by kinetic2255
Sun Jan 13, 2019 11:40 pm
Forum: Personal Investments
Topic: Does anyone have entire 401K in bonds?
Replies: 76
Views: 10512

Re: Does anyone have entire 401K in bonds?

Im 37 and 100% of my 457b is in a guaranteed accumilation account at 4%, maxed every year. All other options have er's at an average of 1.91%. Equities are held in roths, rollover IRAs, 401(a) and spouse 401(k). This year it will become an issue since the 457 will account for more than 30% of my por...
by kinetic2255
Mon Jan 07, 2019 10:33 pm
Forum: US Chapters
Topic: Master thread - Providence, Rhode Island Bogleheads Chapter
Replies: 37
Views: 9392

Re: Providence/RI Metro Group, and Meeting January 14th

I'm going to try and make this as well. Thanks for posting.
by kinetic2255
Sun May 06, 2018 1:32 pm
Forum: Personal Investments
Topic: Investment musings of a new father
Replies: 1
Views: 452

Re: Investment musings of a new father

I was in a very similar position/age 3.5 years ago. I had some time off with the birth of our son and got into the boglehead philosophy. Money was being invested but sloppy. We cleaned up our act and invested with purpose and intensity. The bull has helped us; however, im happy to report all the mov...
by kinetic2255
Mon Apr 09, 2018 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: Excess ROTH contribution in 2014 - Tax Deadline Looming
Replies: 6
Views: 812

Re: Excess ROTH contribution in 2014 - Tax Deadline Looming

Working on wrapping up this issue on my 2017 return and seeking Alan S. and/or Celia or any others to pipe in and sanity check this for me :D 2016 Excess reflected on form 5329: Line 18 - $400 Line 22 - $400 Line 24 - $400 Line 25 (additional tax) - $24 2017: Requested distribution from Vanguard in ...
by kinetic2255
Mon Feb 19, 2018 10:54 pm
Forum: Personal Investments
Topic: Mini-pension Rollover - Roth vs Traditional
Replies: 1
Views: 235

Mini-pension Rollover - Roth vs Traditional

My DW worked for a school system for 2 years where pension contributions were made to a 401(a), (not self directed). She recently discovered if you had less than 5 years of service and are no longer employed you are no longer in the plan. So, we want to roll it over. The value (8K) accounts for appr...
by kinetic2255
Fri Jan 26, 2018 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: New withholding effective?
Replies: 13
Views: 1589

Re: New withholding effective?

Reflected as of today.
by kinetic2255
Wed Nov 08, 2017 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Equity Line Of Credit ??.......
Replies: 16
Views: 2124

Re: Equity Line Of Credit ??.......

I guess it would depend on what other forms of liquid savings you have to tap in the event of an emergency. One thing I would check is if there is an annual maintenance fee. The HELOC we have has a $75 fee which surprised me. We have this as a bridge for our remodel but I'm hoping to get rid of it A...
by kinetic2255
Fri Oct 13, 2017 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: Pay down mortgage or maintain liquidity for future home improvements
Replies: 10
Views: 1869

Re: Pay down mortgage or maintain liquidity for future home improvements

Congrats on the upcoming addition (pun intended)! I vote for liquidity. Having cash on hand while writing big checks is a great feeling. We are on the third phase of a complete gut and remodel of our 1900's home. Phase I was with no kids, cash flowed. Phase II was with a 1yr old, cash flowed. And we...
by kinetic2255
Sat Sep 30, 2017 10:30 pm
Forum: Investing - Theory, News & General
Topic: Why do you LBYM? Why do you save and invest?
Replies: 204
Views: 20012

Re: Why do you LBYM? Why do you save and invest?

some are ants. some are grasshoppers. This cracked me up. We got that cartoon from the library last week. My three year old loved it! Future boglehead? As for the op; my parents were frugal, I excel in some areas and still learning in others (house remodels). It's always come natural to me. I'm not...
by kinetic2255
Fri Sep 15, 2017 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Personal Milestone-this is the only place to share
Replies: 21
Views: 3085

Re: Personal Milestone-this is the only place to share

Congrats! Posts like this keep me motivated. Thanks for sharing!
by kinetic2255
Fri Aug 11, 2017 9:02 pm
Forum: Personal Consumer Issues
Topic: How far would you travel to see The Eclipse?
Replies: 259
Views: 23697

Re: How far would you travel to see The Eclipse?

You can stay home and type in a bunch of zip codes into this cool tool:
http://time.com/4882923/total-solar-ecl ... d=sr-link4
I spent a little over a half hour doing this at work today, TGIF
by kinetic2255
Fri Aug 11, 2017 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Debt vs HSA/529
Replies: 14
Views: 2108

Re: Debt vs HSA/529

For what it's worth, we are relatively healthy and have a 1 and 3 year old. We recently went to the doctor for the kids 9 times in the span of two months for a variety of ridiculous things. We joked with the pediatrician about calling protective services. I have yet to not spend the full deductible ...
by kinetic2255
Wed Aug 09, 2017 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: What's the deal with AMICA???
Replies: 21
Views: 6205

Re: What's the deal with AMICA???

In a past life I was an employee at Amica in their underwriting department. I sold and serviced Auto/Home/Umbrella insurance and ,full disclosure, am insured with them for Auto, Home, and Umbrella. They are unapologetic with their higher premiums which can be backed up with the stellar customer and ...
by kinetic2255
Sat Aug 05, 2017 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 1367
Views: 183988

Re: A poll: How much money do you need to retire?

My goal is to retire at 55 (I'm 33 now) or at least have the option to retire depending on how I feel at the time. We are shooting for 2.5 million by that age. We chose that age because it is the year our newborn will be graduating from college should he decide to attend. The biggest obstacle will ...
by kinetic2255
Fri Jul 07, 2017 1:22 pm
Forum: Personal Investments
Topic: Roth 457 vs. Roth IRA
Replies: 18
Views: 5446

Re: Roth 457 vs. Roth IRA

I'm eligible for deferred Comp 401(a) and 457(b). Im also looking for multiple buckets to choose from in the event of an early retirement. Here's what I do with high ER's in my plan: Fund 401(a) to match Max out Roth through Vanguard Fund 457(b) (currently to max) This way I'm still lowering my taxa...
by kinetic2255
Sat Jun 17, 2017 8:19 am
Forum: Personal Consumer Issues
Topic: NFC (near field communication) desirability
Replies: 22
Views: 3437

Re: NFC (near field communication) desirability

OP....what did you decide to do? Wife and I both have 3 yr old Moto X 1st generation, at the time NFC was a selling point. We tried to use it a couple times with hiccups and haven't used it since. I'm on the fence with getting NFC in my next phone (Moto G5??) to start using Android pay. It turns out...
by kinetic2255
Fri Jun 09, 2017 12:59 pm
Forum: Personal Investments
Topic: Current 401k with Huge Fees, Anything I can do?
Replies: 20
Views: 2383

Re: Current 401k with Huge Fees, Anything I can do?

I've just made my 3rd annual appeal to management to reconsider our insurance wrapped high fee 401(a) options with an average of 1.6%. I think I'm officially labelled as a PIA now but I can't not ask. I have no ally coworkers. Based on our situation it makes sense to still contribute after match to ...
by kinetic2255
Tue Apr 11, 2017 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: Excess ROTH contribution in 2014 - Tax Deadline Looming
Replies: 6
Views: 812

Re: Excess ROTH contribution in 2014 - Tax Deadline Looming

Thanks for the responses Celia and Alan S. To answer the general question, I have maxed out the ROTH each year proceeding the 2014 excess so there was no space to apply the excess. As mentioned in my previous post the excess was due to contributions to two separate institutions so it doesn't surpris...
by kinetic2255
Thu Apr 06, 2017 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: Excess ROTH contribution in 2014 - Tax Deadline Looming
Replies: 6
Views: 812

Excess ROTH contribution in 2014 - Tax Deadline Looming

I'm under the gun to handle this issue and file my taxes. Note: I'm posting after calling both Vanguard and Turbo Tax twice, they were nice and all; however, no one could definitively answer my questions (won't get into that in this post!). So, I'm seeking some sound advice from you folks! While pre...
by kinetic2255
Mon Mar 20, 2017 10:07 pm
Forum: Personal Investments
Topic: bad 401k options at new job
Replies: 22
Views: 2959

Re: bad 401k options at new job

<tangent> Baffled, I asked how is that possible since there are many cheaper alternatives. Well, he only checked TransAmerica, Mass Mutual, America Funds and JH. I said "yeah, you picked the four worst possible 401k sponsors to price match, how about looking at Vanguard or Employee Fiduciary?&...
by kinetic2255
Thu Mar 09, 2017 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you spend on food in a year?
Replies: 155
Views: 12786

Re: How much do you spend on food in a year?

OP, great idea for a post since its also something i often think about...enjoying the variability of responses. Since i have no one else to share my geekiness with: Food and personal care (includes food shoppings, cleaning supplies, paper goods, personal hygiene, hosting family parties, bday events ...
by kinetic2255
Thu Mar 09, 2017 10:40 pm
Forum: Personal Investments
Topic: Fed Up 403b in NJ
Replies: 10
Views: 1430

Re: Fed Up 403b in NJ

+1! I can't answer your question but only relate as I have a municipal 457(b) in another state. Your description and experience is eerily similar to the plan I'm attempting to convince the administration to add an employer fiduciary type option. Currently we only have insurance based, annuity wrappe...
by kinetic2255
Wed Feb 01, 2017 11:44 pm
Forum: Personal Consumer Issues
Topic: Vacation in Cancun, Costa Rica, or Punta Cana?
Replies: 12
Views: 7885

Re: Vacation in Cancun, Costa Rica, or Punta Cana?

I can't speak for the other destinations but the Mrs and I took our delayed honeymoon in CR and loved every minute. We rented a car and drove to three locations. 1.) Arenal volcano: zip lined; bird watched; serpaterium; hot springs. 2.) Manuel Antonio national park: west coast; one of the most biodi...