Search found 354 matches

by TNL
Sun Sep 30, 2018 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: The Next Millionaire Next Door: Enduring Strategies for Building Wealth Hardcover will be released October 1, 2018
Replies: 69
Views: 13836

Re: The Next Millionaire Next Door: Enduring Strategies for Building Wealth Hardcover will be released October 1, 2018

Looking forward to it -- just put a hold on the new book at my local library.

For the women of this forum, I also recommend "Millionaire Women Next Door" by the same author.
by TNL
Wed Sep 26, 2018 11:06 pm
Forum: Personal Consumer Issues
Topic: Vacation without saving adequately?
Replies: 70
Views: 5185

Re: Vacation without saving adequately?

Another vote for "go" - vacations are the one area that I want to do right. I drive an inexpensive car, max 401k, have an inexpensive house, etc. So I think splurging once a year on an awesome trip is worth it. This past June, my 11 year old son and I went on an 11 day trip to Italy and Greece with ...
by TNL
Mon Aug 27, 2018 8:42 pm
Forum: Personal Consumer Issues
Topic: Ladies: bra shopping question
Replies: 63
Views: 8793

Re: Ladies: bra shopping question

I also suggest a fitting at Nordstrom or Victoria's Secret. People complain about VS bras, but I really like them. I had breast augmentation surgery about 5 yrs ago and VS is the best fitting for me. The bras are about $50 each, but I use the VS credit card (and pay off each month, obviously). So I ...
by TNL
Tue Jul 17, 2018 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Should I reduce the death benefit of my term life policy?
Replies: 20
Views: 1090

Re: Should I reduce the death benefit of my term life policy?

Update: I hemmed and hawed all day about whether to decrease from $1.5 million to $1 million or $750K, knowing that I cannot increase back to $1.5 million under this policy at this rate, ever. It is true that I am probably still over-insured at $1 million, and maybe even at $750K, but making the jum...
by TNL
Tue Jul 17, 2018 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Should I reduce the death benefit of my term life policy?
Replies: 20
Views: 1090

Re: Should I reduce the death benefit of my term life policy?

In the event that I die, I want to ensure that my son's college and graduate school are fully funded. Okay. That contradicts what you said in "If was to be hit by a bus tomorrow, my son is my only heir and would receive 100% of my 401/cash money/529 (obviously not all at once) and would also be sup...
by TNL
Tue Jul 17, 2018 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Should I reduce the death benefit of my term life policy?
Replies: 20
Views: 1090

Re: Should I reduce the death benefit of my term life policy?

I have no one else to be responsible for other than my son. If was to be hit by a bus tomorrow, my son is my only heir and would receive 100% of my 401/cash money/529 (obviously not all at once) and would also be supported 100% my other parent. So it appears that nobody would lose the benefits of y...
by TNL
Tue Jul 17, 2018 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Should I reduce the death benefit of my term life policy?
Replies: 20
Views: 1090

Re: Should I reduce the death benefit of my term life policy?

Point of clarification - I will not be eliminating the coverage. At this point I'm just evaluating whether to reduce from $1.5 million to 1 million or 750k. I don't want to go lower than 750K at this point.
by TNL
Tue Jul 17, 2018 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Should I reduce the death benefit of my term life policy?
Replies: 20
Views: 1090

Should I reduce the death benefit of my term life policy?

Should I reduce the death benefit of my term life policy to save on the overall monthly premium? Facts: My age -- 44 Marital Status -- Divorced Child - age 11 Liquid Assets -- Approx $400K total (includes 401k, cash money, 529 plan for son) Home Equity -- $50-60K (mortgage balance -- 249K) Current t...
by TNL
Thu Jul 12, 2018 8:18 pm
Forum: Personal Consumer Issues
Topic: Amex in Europe
Replies: 18
Views: 1178

Re: Amex in Europe

Amex acceptance really depends on the country and city that you're in. In Ireland, I found Amex to be very widely accepted in Dublin and the busy areas of Galway but aside from that, it was harder to find places that would take Amex. In Rome, it mostly was just hotels and the shuttle company we used...
by TNL
Thu Jul 12, 2018 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Having first child - Life Insurance question
Replies: 37
Views: 2820

Re: Having first child - Life Insurance question

In case you need to hear it again -- no whole life. Term only. I am on my 3rd term policy at age 44. First was a $250K policy when married, no kids in 20s. Through State Farm. Second was a $500K policy when I turned 35 and child was born. Also through State Farm. Third and current policy is a $1.5 m...
by TNL
Thu Jul 12, 2018 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: How to bring up this issue with your boss? (firm failure to contribute employer match)
Replies: 6
Views: 827

Re: How to bring up this issue with your boss? (firm failure to contribute employer match)

In a firm of that size, there should be an accounting department/payroll person. Even if your payroll is outsourced to a company like ADP, someone there has to pull the trigger. You also should have an office manager or executive director that is separate from HR. I'd ask them too.
by TNL
Thu Jul 12, 2018 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone experienced landlords here? Caught some of my tenants renting out rooms. Anything I should do?
Replies: 33
Views: 6170

Re: Anyone experienced landlords here? Caught some of my tenants renting out rooms. Anything I should do?

As stated above, I would check your LL tenant laws and your own lease agreement -- hopefully you used a form residential lease which typically says no subleases without LL permission. In any event, to fix this problem, can you get all three people to complete a new rental app and a new lease? I thin...
by TNL
Tue Apr 17, 2018 5:46 pm
Forum: Local Chapters and Bogleheads Community
Topic: Salt Lake City Bogleheads
Replies: 58
Views: 10137

Re: Salt Lake City Bogleheads

Next two meetings -- May 5 and Sept 8

8:30am

859 W. South Jordan Parkway
South Jordan UT 84095

email - slcbogleheads@yahoo.com.

Watch this thread for more specific info.

Thanks!
by TNL
Thu Feb 01, 2018 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Should I stop contributing to 401(k) to pay off debt
Replies: 44
Views: 3365

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

I would not stop contributing to a 401k to pay off that piddly interest or create "wiggle" room in my budget. You'll just end up wasting a lot of money on tax, and you'll permanently lose that valuable tax deferred space. I could see paying my parents off and keeping a reserve to pay back the 0% lo...
by TNL
Wed Jan 31, 2018 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Should I stop contributing to 401(k) to pay off debt
Replies: 44
Views: 3365

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

From your post, your issue is not about the debt but about cash flow. I would do something differently. I will pay off the loan to parents, car and furniture. This seems very doable in less than an year. This would free up almost 400+ per months and will reduce your anxiety on debt level/payoff bud...
by TNL
Wed Jan 31, 2018 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Should I stop contributing to 401(k) to pay off debt
Replies: 44
Views: 3365

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

I am going to go against the grain and say to work Dave Ramsey's plan. Rice and beans. Being your age with these various debts hanging over your head tells me the "stay the course" method is NOT working. No offense but there is a change in how you view debt and your motivation when it comes to mone...
by TNL
Wed Jan 31, 2018 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Should I stop contributing to 401(k) to pay off debt
Replies: 44
Views: 3365

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

Thanks for the ideas. I am trying to keep a minimum of $8K in savings in case one or more of the following things happen this year: -- Car accident/deductible -- $1000 -- Health Insurance deductible -- $1000 -- May get hit with an HOA special assessment this year -- our HOA is terrible at communicat...
by TNL
Wed Jan 31, 2018 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Should I stop contributing to 401(k) to pay off debt
Replies: 44
Views: 3365

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

...the sooner I pay it off, the quicker I will have some wiggle room in my budget. ... I am 44 and I make about $130K-$140K a year. ... The hard floor on my monthly budget including all living expenses and debt payments is $4000. Semi-discretionary expenses take it up to about $5500 per month. Assu...
by TNL
Wed Jan 31, 2018 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Should I stop contributing to 401(k) to pay off debt
Replies: 44
Views: 3365

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

You are solidly in the 24% tax bracket for 2018 if filing head of household. Do you have to pay your parents so much? Since its 0% interest and they are your parents I would pay this off last. Unless your are dead set on paying them back. If that is the case I would pay them back with your savings....
by TNL
Wed Jan 31, 2018 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Should I stop contributing to 401(k) to pay off debt
Replies: 44
Views: 3365

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

Personal finance is highly driven by behavior. Dave Ramsey drives home the fact that while the math may not justify stopping retirement savings, the behavior aspect surrounding the pain of putting off retirement savings will force you into high gear to pay down the debt asap so you can get back to ...
by TNL
Wed Jan 31, 2018 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Should I stop contributing to 401(k) to pay off debt
Replies: 44
Views: 3365

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

Hello, I am the OP. For the purposes of this analysis, assume the following: 1. There is no ability to further scale back spending. This has already been done. 2. I am the single parent of a high needs child and there is no ability for side hustle, 2nd job, or extra income, if the employer would eve...
by TNL
Wed Jan 31, 2018 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Should I stop contributing to 401(k) to pay off debt
Replies: 44
Views: 3365

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

I am focusing on paying off parents and furniture first. I do not have an employer match. I have to pay the 401(k) off as a lump sum; they cannot take payments. ok, I saw the $261/month and assumed it was a payment towards the 401k. Guessing you are stashing that aside then. The $261 is the payment...
by TNL
Wed Jan 31, 2018 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Should I stop contributing to 401(k) to pay off debt
Replies: 44
Views: 3365

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

I'd pay off the $1200 furniture from the 8k savings today. I'll guess you are putting in 6% to the 401k. without an employer match not much incentive, but you're not drowning in debt that you must drop this to 0% (IMO) Are you focusing your extra payments on one debt or spreading across several of ...
by TNL
Wed Jan 31, 2018 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Should I stop contributing to 401(k) to pay off debt
Replies: 44
Views: 3365

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

Dave Ramsey would say yes - stop contributing to your retirement until your debt is paid off. You can see what he calls his 'baby steps' at https://www.daveramsey.com/baby-steps/ I would probably split the difference somewhat, and contribute only enough to retirement to get any employer match while...
by TNL
Wed Jan 31, 2018 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Should I stop contributing to 401(k) to pay off debt
Replies: 44
Views: 3365

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

I believe I am in the 25% bracket -- my state tax is a flat 5%. Does this help?
by TNL
Wed Jan 31, 2018 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Should I stop contributing to 401(k) to pay off debt
Replies: 44
Views: 3365

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

I could use some help trying to decide if I should stop contributing to my 401(k) to pay off some debt early. All of my debt is very low interest, but the sooner I pay it off, the quicker I will have some wiggle room in my budget. (Need wiggle room in budget due to recent divorce). Amounts owed: Car...
by TNL
Fri Jan 26, 2018 4:26 pm
Forum: Personal Consumer Issues
Topic: Riverboat trip on the Danube next October
Replies: 16
Views: 1479

Re: Riverboat trip on the Danube next October

My parents did the Budapest to Nuremburg Viking river cruise for their 45th wedding anniversary. They are early 70s but very healthy and active. I believe the cruise was 8 days, and then they did 2 days prior to the cruise in Budapest and 2 after in Nuremburg. They have been all over the world and s...
by TNL
Tue Jan 16, 2018 5:15 pm
Forum: Personal Consumer Issues
Topic: Looking for a reasonably priced, safe international destination
Replies: 107
Views: 7707

Re: Looking for a reasonably priced, safe international destination

I will cast another vote for Ireland. You can get great deals on packages through Aer Lingus Vacation Store or Costco Travel. Ireland is great. The people are amazing. Very friendly. They love Americans. Your kids will love walking around Dublin, the leprechaun museum, the Irish Immigration Museum, ...
by TNL
Sat Jan 13, 2018 5:08 pm
Forum: Local Chapters and Bogleheads Community
Topic: Salt Lake City Bogleheads
Replies: 58
Views: 10137

Re: Salt Lake City Bogleheads

The Salt Lake Bogleheads set up the following schedule for meetings this year:

March 3
May 5
No meeting in July
September 8
November 3

We meet at 8:30am at the Kneaders in Draper. We will post a reminder a week or so before each meeting.

Questions? email slcbogleheads@yahoo.com.

See you there!
by TNL
Fri Jan 12, 2018 11:16 am
Forum: Local Chapters and Bogleheads Community
Topic: Salt Lake City Bogleheads
Replies: 58
Views: 10137

Re: Salt Lake City Bogleheads

Denisovan wrote:
Tue Jan 09, 2018 9:43 pm
New member. I plan on attending.
Awesome! See you there. I will be there as early as 8am because I need to leave early for a class. I look forward to seeing everyone.
by TNL
Tue Jan 09, 2018 12:23 pm
Forum: Local Chapters and Bogleheads Community
Topic: Salt Lake City Bogleheads
Replies: 58
Views: 10137

Re: Salt Lake City Bogleheads

Awesome! We would love to see as many people as possible. Saturday, January 13, 2018 8:30am Draper Kneaders 177 13800 S, Draper, UT 84020 Posting to remind everyone -- Bogleheads meeting for Salt Lake Saturday, January 13, 2018 8:30am (I will actually be there early, at 8, because I need to leave e...
by TNL
Mon Jan 08, 2018 12:24 pm
Forum: Personal Consumer Issues
Topic: Recommendations for 72 hours in Dublin, Ireland
Replies: 27
Views: 1693

Re: Recommendations for 72 hours in Dublin, Ireland

Spent 3 days in Dublin in August. I like everything on your itinerary. Only thing I would add is "Epic: The Emigration Museum of Ireland." Wow wow wow!!! Just very well done. We did not have time to visit the Guinness storehouse. I wish we had. If your schedule permits, I would consider the walking ...
by TNL
Sat Jan 06, 2018 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Splitting Assets in Divorce
Replies: 51
Views: 6242

Re: Splitting Assets in Divorce

Good advice above from everyone. Former family law attorney here. When you have a child or real estate, do not attempt to do this on your own. I made a ton of money fixing divorces that people had done themselves. In most cases, it cost them much more to fix than if they had simply ponied up $2500 t...
by TNL
Sat Jan 06, 2018 11:21 am
Forum: Personal Finance (Not Investing)
Topic: How much are you putting in a 529?
Replies: 111
Views: 10977

Re: How much are you putting in a 529?

We made a couple of lump sums into our 8 yo child's 529 during her first year. She is 8 and there's about 42K in it. Right now that will pay for about two years (tuition and R&B) for a state school. We put an additional 1K in per year. I don't want to put too much in since we can't roll it to anoth...
by TNL
Fri Jan 05, 2018 7:27 pm
Forum: Investing - Help with Personal Investments
Topic: New Year - What To Do Next For Young Family?
Replies: 5
Views: 885

Re: New Year - What To Do Next For Young Family?

I also agree with the 80/20 stock/bond asset allocation. And just FYI, there are people in this forum in the Bay Area, NYC, NJ, and Seattle who would get a kick out of hearing Utah described as a "high cost of living area" :D
by TNL
Tue Jan 02, 2018 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Saving a little, here and there...
Replies: 21
Views: 4253

Re: Saving a little, here and there...

I run everything through a cash back credit card and pay off every month. Earned about $500 in cash back doing this in 2017. Also have a Delta Skymiles Platinum card with a 2-for-1 airfare. Booked a free ticket from SLC-IAH in 2017, saved $420. Just used miles to pay for child's ticket for summer tr...
by TNL
Sun Dec 31, 2017 1:07 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 923
Views: 100244

Re: Netflix, Your Current Favorite Show

Current Netflix Faves: Just finished BBC Drama "River" -- Stellan Skaarsgard stars as a mentally disturbed London detective trying to solve the murder of his partner Loved "Shetland" -- another BBC drama about a detective in the Shetland Islands (Scotland) who solves murder mysteries. Secrets of Anc...
by TNL
Fri Dec 29, 2017 11:25 am
Forum: Personal Consumer Issues
Topic: The Economics of a new Puppy
Replies: 113
Views: 8759

Re: The Economics of a new Puppy

So many great comments but I'll add mine. I have a tiny 4.5 pound Yorkie Chihuahua that my ex-spouse begged to bring home 2 years ago. The ex-spouse is gone now, but the dog is still here. I like her (the dog, that is). She eats the small dog food from Costco. It's only about $15 for a large bag and...
by TNL
Thu Dec 28, 2017 12:38 am
Forum: Personal Consumer Issues
Topic: Suggestions for week long trip in July 2018
Replies: 4
Views: 508

Re: Suggestions for week long trip in July 2018

Utah and you could swing through Salt Lake City and particularly Park City and Midway and/or Bear Lake as well. Moab is beautiful even in the summer. Boulder Mountain in Southern Utah is gorgeous.
by TNL
Sun Dec 24, 2017 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Securing Law School Scholarships
Replies: 37
Views: 3611

Re: Securing Law School Scholarships

Are you a minority or female? Fair or not, that matters. If the answer is no to both, retake the LSAT. In this day and age, even being female will not help if you are not a minority. The ratio of men to women at entry to law school is about equal and has been for about 15-20 years for most of the c...
by TNL
Fri Dec 22, 2017 11:44 am
Forum: Local Chapters and Bogleheads Community
Topic: Salt Lake City Bogleheads
Replies: 58
Views: 10137

Re: Salt Lake City Bogleheads

Awesome! We would love to see as many people as possible.

Saturday, January 13, 2018
8:30am
Draper Kneaders
177 13800 S, Draper, UT 84020
by TNL
Sun Dec 17, 2017 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Financial Assistance to Adult Child (health insurance)
Replies: 107
Views: 7538

Re: Financial Assistance to Adult Child (health insurance)

Having read all the comments but not a lot of time to draft a response: OP, I think you are a great mom to be concerned about your daughter like this. Yes, she sounds financially irresponsible and is making some bad financial choices (no savings, living in a HCOL area, not saving or investing on a h...
by TNL
Sat Dec 16, 2017 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 financial goals - what are yours?
Replies: 92
Views: 13052

Re: 2018 financial goals - what are yours?

Fun thread! I enjoyed reading everyone's goals. Good luck to all the families planning new babies in 2018 and for the person planning the trip to Ireland. I went to Ireland for the first time in August 2017 and it was the best trip I've ever taken, and I've been all over Mexico, Caribbean, UK, Centr...
by TNL
Sat Dec 16, 2017 9:27 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on food per month, per person?
Replies: 151
Views: 11275

Re: How much do you spend on food per month, per person?

I cap my budget at $475 per month, but usually bring it in for $400-$450 per month, total, for one adult and one 10 year old child. The child lives with me 60% of the time. This includes all general household shopping (food, cleaning supplies, paper products, pet food et.) from grocery/Costco. Nobod...
by TNL
Fri Dec 15, 2017 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Student Loans vs 401K
Replies: 11
Views: 1141

Re: Student Loans vs 401K

Hello -- a few questions:

1. Do you own or rent your home? If you own your home I would shoot for 3-6 months of cash on hand, minimum.
2. What are the tax consequences to you if you stop your retirement contributions entirely?
3. What interest rate are you paying on your loans?
by TNL
Thu Dec 14, 2017 6:21 pm
Forum: Investing - Help with Personal Investments
Topic: I’ve made huge errors and hope it’s not too late
Replies: 35
Views: 5522

Re: I’ve made huge errors and hope it’s not too late

When I read "huge error" I was expecting you were 250k in the hole and about to lose your house and declare bankruptcy. This is clearly a bogleheads "huge error", which is kind of like the kid in class who gets a 95% on the exam and is absolutely furious they didn't get a 100%. Your situation isn't...
by TNL
Thu Dec 14, 2017 4:31 pm
Forum: Local Chapters and Bogleheads Community
Topic: Salt Lake City Bogleheads
Replies: 58
Views: 10137

Re: Salt Lake City Bogleheads

We are going to try to get the Salt Lake City Bogleheads Meetings Up and Running for 2018 after a hiatus. Next meeting: Saturday, January 13, 2018 8:30am Draper Kneaders 177 13800 S, Draper, UT 84020 Questions? Comments? Text 801-245-9598. We are going to get meetings going quarterly again. Thank yo...
by TNL
Thu Dec 14, 2017 9:05 am
Forum: Personal Finance (Not Investing)
Topic: best cashback credit card ?
Replies: 48
Views: 8508

Re: best cashback credit card ?

My current lineup: Costco Visa for 4% on gas (any gas station; not just Costco) Costco Visa for 3% on restaurants and travel (I use mostly for hotel) Costco Visa for 2% on warehouse purchases Fidelity Visa for 2% cashback everywhere else (Costco only offers 1% on anything except the above) I clear a...
by TNL
Wed Dec 13, 2017 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Teaching elementary school kids about money
Replies: 32
Views: 2447

Re: Teaching elementary school kids about money

I am not an enormous Dave Ramsey fan because I think that his investment advice is terrible. I am also not going to cut up my credit cards that I pay off every month. However, I just read his book Smart Money Smart Kids that he co-wrote with his daughter, Rachel Cruze. It was actually quite good and...
by TNL
Tue Dec 12, 2017 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 goals - should I build cash reserves or pay down debt?
Replies: 4
Views: 629

Re: 2018 goals - should I build cash reserves or pay down debt?

Hello - I am looking at my financial picture and trying to decide if I should focus on building my cash reserve or paying down debt. I got divorced earlier this year and posted here in Feb., thanks to all of you who took time to help me. Earlier this year I took over 100% of my household expenses, ...