Search found 144 matches

by jsapiandante
Sun Oct 18, 2020 2:18 pm
Forum: Investing - Theory, News & General
Topic: Anybody here trying Coast FIRE?
Replies: 149
Views: 11023

Re: Anybody here trying Coast FIRE?

We hope to go this route but we will wait until we are FI which is 2-3 years from now. Plan is for me to reduce my office hours (hopefully it doesn’t affect income much) and for my wife to take a year long sabbatical and come back part time if allowed (if not quit entirely). Hopefully I still make e...
by jsapiandante
Fri Oct 16, 2020 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1928
Views: 469868

Re: Share your net worth progression

I'm thinking it will be helpful if people add in their salary/income as well. It gives a better idea how much of the net worth growth is due to high income vs investment returns. I am reading about many people who jump from 0 - 1M in five years, so just wondering if you are able to do so because of...
by jsapiandante
Wed Oct 14, 2020 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1928
Views: 469868

Re: Share your net worth progression

Age 38/36 These are my rough estimates. Didn't start tracking specifically until 2015 or so. Graduated in 2008 with $120k in student loans. 2008 -$90k (had 30k in savings/cash, moved back in with my parents, opened my practice) 2009 -$60k (bought my first new car - mistake, paid 30k but currently st...
by jsapiandante
Mon Oct 12, 2020 7:18 pm
Forum: Personal Investments
Topic: How do you avoid the fomo of the tech industry right now?
Replies: 36
Views: 2912

Re: How do you avoid the fomo of the tech industry right now?

I don't compare myself to others. I know too many friends who have made a killing in a short time frame but have inflated their lifestyle just as much so it's all a wash, to be honest. It's easy to brag about how well you're doing in a short amount of time but they sure neglect to tell you how well ...
by jsapiandante
Sun Oct 11, 2020 12:18 am
Forum: Personal Finance (Not Investing)
Topic: Do we have enough to afford a 750k house?
Replies: 6
Views: 1231

Re: Do we have enough to afford a 750k house?

Hello, we are considering moving in the near future and we’ve begun to look at homes and Turns outs it’s a bit expensive to live in nice places. The areas were looking at it’s be about 750k to get what we would want. That number is hard to wrap my head around, we’re the low consumers and high saver...
by jsapiandante
Wed Oct 07, 2020 12:01 am
Forum: Personal Finance (Not Investing)
Topic: Monthly Budget Comparisons
Replies: 68
Views: 4832

Re: Monthly Budget Comparisons

Living in SoCal - Family of 3 Fixed monthly expenses: Mortgage: $2357 (home worth ~900k) Property tax: $775 Health Insurance: $300 (through wife’s job) Pre-k: $400 Homeowners Insurance: $80 Home Care: $10 (cleaning products) Home repair/maintenance: $100 (quite handy with electrical, plumbing, and h...
by jsapiandante
Mon Oct 05, 2020 10:18 am
Forum: Personal Finance (Not Investing)
Topic: What is my magic number?
Replies: 33
Views: 5214

Re: What is my magic number?

The trinity study assumes no SS and 1% ER. Even with this it has still survived the worst 30 year period. But some suggestions here about a sub 2.5% withdrawal rate is getting a little crazy. OP, I wouldn’t retire on your “poor” budget, but I’d be comfortable on your planned budget and reducing expe...
by jsapiandante
Wed Sep 30, 2020 1:42 pm
Forum: Investing - Theory, News & General
Topic: How long after starting investing, did you start to be happy about the power of compounding?
Replies: 186
Views: 19808

Re: How long after starting investing, did you start to be happy about the power of compounding?

It wasn't until we crossed the 500k mark last year when we started to notice the power of compounding (we started investing in 2013 but have been investing near 6 figures since 2015). The big drop earlier this year also saw that in a negative light, but we kept plowing all our extra cash on the way ...
by jsapiandante
Tue Sep 29, 2020 12:36 am
Forum: Investing - Theory, News & General
Topic: What did your accounts look like in your 30's?
Replies: 89
Views: 7916

Re: What did your accounts look like in your 30's?

I’m 38 now but didn’t start investing until I was 31 since I had to pay off $120k+ in student loans and had a very active social life in my 20s that resulted in lots of unnecessary spending. At that time I had a few thousand in my checking and had about 20k in savings. It wasn’t until I met my wife ...
by jsapiandante
Mon Sep 28, 2020 12:39 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Planning - Mid 40s
Replies: 31
Views: 3385

Re: Retirement Planning - Mid 40s

Are you planning to not work again if you can’t find a job? I wouldn’t retire completely with those numbers, but you’re close. Healthcare is going to be the biggest issue as you will need to pay for your own until Medicare age. Are your 60k expenses including taxes? You have plenty of options, thoug...
by jsapiandante
Wed Sep 16, 2020 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing for retirement in mid 30s
Replies: 311
Views: 21005

Re: Preparing for retirement in mid 30s

At what inflation rate? I'm still surprised it works and would be biting my nails if I tried it. It's using CPI to project the inflation rate, which honestly means that it's probably overestimating. Okay. The average annual inflation rate from 1900 - 2015 comes out to about 3.22%. The average retur...
by jsapiandante
Wed Sep 16, 2020 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Discretionary spending strategy
Replies: 21
Views: 1845

Re: Discretionary spending strategy

We are still in the accumulation phase, but I made a projection about how much we need to save per month to meet a modest lifestyle in retirement in 3-5 years. If we saved more, it doesn’t really move the needle much faster for us. What we did is after everything is fully funded and our bills paid f...
by jsapiandante
Fri Sep 11, 2020 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Paying off sub 4% mortgage interest rate early
Replies: 167
Views: 14595

Re: Paying off sub 4% mortgage interest rate early

We recently refinanced to 30 year 2.75%. We aren’t in a hurry to pay it off. Trying to reach FI first and then decide then whether to pay it off in full or not. I doubt we will. We will get there in 2-3 years. Right now our concern is accumulating as much wealth as possible. I’m not comfortable payi...
by jsapiandante
Wed Sep 02, 2020 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford to intentionally go backward in compensation?
Replies: 67
Views: 5054

Re: Can I afford to intentionally go backward in compensation?

Tough crowd. I’m at an age now where I’d rather not deal with BS. I also value my time now more than ever. In your position, money isn’t really important at this point in time as you are way ahead of the game. You still have some ways to go but you’re almost there. You could afford to quit your curr...
by jsapiandante
Wed Sep 02, 2020 10:01 am
Forum: Investing - Theory, News & General
Topic: For those with $500k-$1m in investments...
Replies: 211
Views: 33599

Re: For those with $500k-$1m in investments...

Ages 38/36. AA is 80/20. Currently 50/50 taxable and tax deferred. Plan is to grow taxable large enough so my wife can quit/go part time while we let our 401k/Roth grow until we are retirement age.
by jsapiandante
Fri Aug 28, 2020 3:20 pm
Forum: Investing - Theory, News & General
Topic: How long could you live off your portfolio if the worst happened?
Replies: 110
Views: 10736

Re: How long could you live off your portfolio if the worst happened?

We are currently in our mid to late 30s. If our portfolio dropped 50% and stayed there we’d survive for 7-8 years if we kept the same expense that we have now. All the more reason why we are trying to achieve financial independence as soon as possible (hopefully in 3-4 years). I’d bet that we’d prob...
by jsapiandante
Fri Aug 28, 2020 2:38 pm
Forum: Investing - Theory, News & General
Topic: Whose being naughty and keeping some dry powder around?
Replies: 110
Views: 9306

Re: Whose being naughty and keeping some dry powder around?

I’m sitting on some extra cash but I don’t invest it until the end of every quarter. So I won’t be investing it until end of September. Was quite lucky when I invested in March near the bottom as well as in June. The extra cash is suppose to be for spending but we invest whenever there’s leftover. M...
by jsapiandante
Tue Aug 18, 2020 6:09 pm
Forum: Personal Investments
Topic: How much did you save?
Replies: 102
Views: 13901

Re: How much did you save?

A question for the Bogleheads here who have had the good luck of reaching the two-comma club: roughly how much did you save each year? I assume you maxed out the tax-advantaged accounts to which you had access (eg, a 401(k), an IRA, etc.), and selected index funds for your stock and bond allocation...
by jsapiandante
Wed Aug 12, 2020 1:08 pm
Forum: Personal Investments
Topic: Using Taxable to Spend
Replies: 22
Views: 2275

Re: Using Taxable to Spend

Hey there, I see a lot of posts about having a large taxable account. Some Bogleheads would rather not eat into their portfolio so they have a dedicated emergency fund or tiered bond approach or sinking fund. I guess my question is "Does anyone here use taxable (LTGs) as a place to withdraw from to...
by jsapiandante
Tue Jul 28, 2020 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Which refinance options
Replies: 5
Views: 330

Re: Which refinance options

My goal is to save the most money. Wife and I are 35. 2 young kids. Max out Roth IRA for both of us. Maxing out my 457b plan. Wife has option of a 457b that we aren't doing anything with. So if your goal is SAVE the most money, then the 15 year term will do just that. You get the benefit of paying ...
by jsapiandante
Tue Jul 28, 2020 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Which refinance options
Replies: 5
Views: 330

Re: Which refinance options

So many factors to consider. If you just want the best option out of the three, then the 15 year saves you the most money. Where are you in terms of your financials? Are you near retirement? Are you just starting out? Are you maxing 401k, roth, etc? Depending on your answers to these questions will ...
by jsapiandante
Thu Jul 23, 2020 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: At what point is an emergency fund irrelevant?
Replies: 67
Views: 4952

Re: At what point is an emergency fund irrelevant?

I stopped having an emergency fund once my tax exempt funds in my taxable got to about 6 months worth of expenses. It’s now over a years worth once I added the remaining emergency fund in there. I have 3 months worth of expenses that are revolving in my checking account so I could tap that first in ...
by jsapiandante
Wed Jul 15, 2020 5:22 pm
Forum: Personal Consumer Issues
Topic: Repair Refrigerator?
Replies: 61
Views: 3665

Re: Repair Refrigerator?

Thanks. The repair guy told me that my Kenmore was made by LG and there was a big recall because compressor went bad. He asked if the refrigerator sounded like it turned on and later off but was not cooling. Apparently that would mean a bad compressor. I told him no. After I hung up I googled and f...
by jsapiandante
Wed Jul 15, 2020 4:00 pm
Forum: Personal Consumer Issues
Topic: Repair Refrigerator?
Replies: 61
Views: 3665

Re: Repair Refrigerator?

Thanks. The repair guy told me that my Kenmore was made by LG and there was a big recall because compressor went bad. He asked if the refrigerator sounded like it turned on and later off but was not cooling. Apparently that would mean a bad compressor. I told him no. After I hung up I googled and f...
by jsapiandante
Wed Jul 15, 2020 3:39 pm
Forum: Personal Consumer Issues
Topic: Repair Refrigerator?
Replies: 61
Views: 3665

Re: Repair Refrigerator?

It could be something as simple as replacing a cheap relay or fuse, or something expensive like replacing a compressor. I do know it would cost much cheaper than a new refrigerator. 7 years isn’t that old. I’d at least see what the repair guy says before making any decisions. If it were me, I’d more...
by jsapiandante
Tue Jun 30, 2020 1:42 pm
Forum: Personal Investments
Topic: Company suspends 401k match. What to do?
Replies: 29
Views: 2561

Re: Company suspends 401k match. What to do?

My company has initiated cost cutting measures to offset our loss of revenue due to the COVID-19 pandemic. These actions have been welcomed by the employees, as not a single employee has been furloughed or lost their job. One of the measures is the suspension of the 401k match until further notice....
by jsapiandante
Tue Jun 30, 2020 12:50 pm
Forum: Personal Investments
Topic: Company suspends 401k match. What to do?
Replies: 29
Views: 2561

Re: Company suspends 401k match. What to do?

My company has initiated cost cutting measures to offset our loss of revenue due to the COVID-19 pandemic. These actions have been welcomed by the employees, as not a single employee has been furloughed or lost their job. One of the measures is the suspension of the 401k match until further notice....
by jsapiandante
Thu Jun 25, 2020 7:32 pm
Forum: Investing - Theory, News & General
Topic: Should I invest my emergency fund?
Replies: 157
Views: 32252

Re: Should I invest my emergency fund?

I used to keep 6 months emergency fund. Up until last year, I decided to invest half it in VTSAX. Our taxable has now grown to several years worth of living expenses that even in a downturn, I’m comfortable selling low if I have to make ends meet. Our jobs though are pretty stable and since we save ...
by jsapiandante
Wed Jun 17, 2020 5:50 pm
Forum: Personal Consumer Issues
Topic: How to cut cable without sacrificing good internet
Replies: 27
Views: 2255

Re: How to cut cable without sacrificing good internet

There's several internet providers in our area so it's very competitive. We are currently with Frontier paying $65/month for 200mbps. Every few years we will switch between Frontier and Time Warner because they offer promos like $40/month for two years at 100mbps. It's a hassle for some but I don't ...
by jsapiandante
Tue Jun 16, 2020 1:11 am
Forum: Personal Finance (Not Investing)
Topic: Finding the best rate - SoCal jumbo mortgage
Replies: 28
Views: 2052

Re: Finding the best rate - SoCal jumbo mortgage

[/quote] Cash is fungible. If you didn't get the gift you wouldn't be able to either 1) Pay the down payment, or 2) meet the requirement for the rate discount. The bank could easily say your cash is being used for the rate discount, but someone else is helping with the down payment, right? Banks wan...
by jsapiandante
Wed May 13, 2020 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Any reasons not to refi primary to payoff second home?
Replies: 6
Views: 518

Re: Any reasons not to refi primary to payoff second home?

Bump.

I don’t have anything to add, but you may be asked to post more information about your financial situation.
by jsapiandante
Wed May 13, 2020 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Subaru 0% financing
Replies: 35
Views: 3045

Re: Subaru 0% financing

In 2017, I had the money to pay for our Subaru Forester in full but was offered 0% interest for 48 months. I didn’t hesitate for one minute and took the interest free loan. I put minimum down ($2k) and was able to get it out the door at $22.5k. It was through Chase. As far as the car is concerned, I...
by jsapiandante
Wed Apr 22, 2020 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: Afford 800K forever home w/ 600K mortgage?
Replies: 17
Views: 2419

Re: Afford 800K forever home w/ 600K mortgage?

We were around your age when we bought our forever home in 2015 making the same amount in income but nowhere near your net worth. The house was 750k and we put down 10% so we have a healthy emergency fund (1 year) and enough cash to purchase furniture. We went against most conservative advice on thi...
by jsapiandante
Wed Apr 01, 2020 4:28 pm
Forum: Investing - Theory, News & General
Topic: What is your age/AA during this crisis?
Replies: 138
Views: 6773

Re: What is your age/AA during this crisis?

Age: 37

Was 80/20 prior to the correction now down to 75/25 without relabancing. I don’t plan to rebalance except with new money coming in. If I do rebalance it’s always done at the end of the year.
by jsapiandante
Thu Mar 12, 2020 6:39 pm
Forum: Investing - Theory, News & General
Topic: Honest Question - Did I waste $20K?
Replies: 24
Views: 2856

Re: Honest Question - Did I waste $20K?

Short answer? Yes. Long answer? Depends on when you need that $20k. If you need it now, then yes. If not, well...you won't know until you need to sell it when you need it. You're hoping it's recovered by then. But what do I know?
by jsapiandante
Thu Mar 12, 2020 6:35 pm
Forum: Investing - Theory, News & General
Topic: When to Tax Loss Harvest?
Replies: 48
Views: 3380

Re: When to Tax Loss Harvest?

Another newbie question to add regardling TLH, can I sell multiple lots (in my case, over $3k in ST losses) from my last two purchases in 9/19 and 12/19? My plan is to exchange VTSAX into VFIAX. I'm just confused as to whether I can only TLH one lot at a time or if I can do it with multiple lots. Th...
by jsapiandante
Fri Feb 07, 2020 4:01 pm
Forum: Personal Consumer Issues
Topic: The annual "Boglehead considering a country club" thread
Replies: 115
Views: 7052

Re: The annual "Boglehead considering a country club" thread

I enjoy golf as a hobby. Used to play multiple times per week. After having our first child, I thought I’d at least get to play once a week. Nope. He’s turning 3 this year and I’ve played less than 10 times since he’s been born. I prefer spending time with him instead of being out 4-6 hours playing ...
by jsapiandante
Thu Jan 16, 2020 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off large mortgage balance in one lump sum
Replies: 73
Views: 4541

Re: Paying off large mortgage balance in one lump sum

No way at that rate would I do that. Why don't you simply refinance to shorter term (15? 10?) and a lower rate? You'll save lots of interest and still keep a large cash cushion. And, you keep the option to refinance again, to an even lower rate. If you can't make the larger payment on your income w...
by jsapiandante
Thu Jan 16, 2020 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off large mortgage balance in one lump sum
Replies: 73
Views: 4541

Re: Paying off large mortgage balance in one lump sum

No way at that rate would I do that. Why don't you simply refinance to shorter term (15? 10?) and a lower rate? You'll save lots of interest and still keep a large cash cushion. And, you keep the option to refinance again, to an even lower rate. If you can't make the larger payment on your income w...
by jsapiandante
Thu Jan 16, 2020 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off large mortgage balance in one lump sum
Replies: 73
Views: 4541

Re: Paying off large mortgage balance in one lump sum

No way at that rate would I do that. Why don't you simply refinance to shorter term (15? 10?) and a lower rate? You'll save lots of interest and still keep a large cash cushion. And, you keep the option to refinance again, to an even lower rate. If you can't make the larger payment on your income w...
by jsapiandante
Wed Jan 15, 2020 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance Question - Son fell outside Dr. Office
Replies: 26
Views: 2344

Re: Insurance Question - Son fell outside Dr. Office

As we were leaving my son's annual checkup this afternoon he decided to run in front of me, tripped on my foot, and fell onto the edge of a raised sidewalk that meets the parking lot. :oops: His only complaint was his arm hurt and since he had a range of motion without sharp pain I figured it wasn'...
by jsapiandante
Wed Jan 15, 2020 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off large mortgage balance in one lump sum
Replies: 73
Views: 4541

Re: Paying off large mortgage balance in one lump sum

We paid ours off but waited until our brokerage account was more like 2X the mortgage balance, leaving us with plenty of liquidity after the payoff. This is what we'll most likely do. One reason we are contemplating paying it all off once we can is to decrease sequence risk by being able to cut our...
by jsapiandante
Wed Jan 15, 2020 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Critique My 2019 Spending
Replies: 48
Views: 4549

Re: Critique My 2019 Spending

I’d love to know how you pull off such a low grocery bill for 3! Totally doable with some planning. Our family of 3 spends about $250 per month. Granted, we cook almost all our meals from scratch so it makes it cheaper that way. We could probably spend less but we like steaks and wine occasionally....
by jsapiandante
Wed Jan 15, 2020 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off large mortgage balance in one lump sum
Replies: 73
Views: 4541

Re: Paying off large mortgage balance in one lump sum

If you have the mentality to pay off the mortgage, why aren't you making extra payments now, versus waiting for the balance to reach the payoff amount? Not that I agree with either strategy. At the time, we valued cash flow and increasing our wealth. I wasn't expecting to have enough to pay it off ...
by jsapiandante
Wed Jan 15, 2020 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off large mortgage balance in one lump sum
Replies: 73
Views: 4541

Paying off large mortgage balance in one lump sum

Hello everyone, Within the next 4-7 years (depending on the market), we would have enough in our taxable brokerage account to pay off our mortgage balance in one lump sum. In fact, once it's paid off, we'd have enough enough assets (401k, Roth IRA, Simple IRA) to cover our basic living expenses (hea...
by jsapiandante
Tue Jan 14, 2020 3:20 am
Forum: Personal Finance (Not Investing)
Topic: Critique My 2019 Spending
Replies: 48
Views: 4549

Re: Critique My 2019 Spending

I’d love to know how you pull off such a low grocery bill for 3! Totally doable with some planning. Our family of 3 spends about $250 per month. Granted, we cook almost all our meals from scratch so it makes it cheaper that way. We could probably spend less but we like steaks and wine occasionally....
by jsapiandante
Wed Dec 25, 2019 12:07 am
Forum: Personal Finance (Not Investing)
Topic: White Coat Investor: Enough is Enough!
Replies: 289
Views: 31520

Re: White Coat Investor: Enough is Enough!

We have a specific amount we want to save after maxing out our retirement accounts. I figured any higher amount saved won’t get us to financial independence any faster. So this year we started spending everything else outside of what we save/invest. We have absolutely increased our quality of life t...
by jsapiandante
Thu Aug 22, 2019 1:33 pm
Forum: Personal Investments
Topic: $1M cash: how to invest
Replies: 40
Views: 4008

Re: $1M cash: how to invest

If you're that scared of the market being at an all time high, I'd pay off the mortgage ASAP. At least you're guaranteed the return compared to the unknown that is the market. To me, it doesn't make a difference once the mortgage is paid off because at your high income, it's almost like DCA'ing the ...
by jsapiandante
Sat Feb 16, 2019 1:33 am
Forum: Investing - Theory, News & General
Topic: Did you get spooked by the December 2018 fall and gave up on passive?
Replies: 133
Views: 9595

Re: Did you get spooked by the December 2018 fall and gave up on passive?

Nope. Luckily, I had CD's worth 100k that matured end of December that I was going to put in my taxable anyway. So, I lump summed it all in according to my asset allocation.
by jsapiandante
Wed Nov 28, 2018 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Restaurant Budget
Replies: 113
Views: 7478

Re: Restaurant Budget

We typically spend between $200-300 a month eating out for a family of 3. We normally share an appetizer and a main course meal to keep costs down. Most restaurant portions are for two people anyway. We eat out 2-3 times a week. As much as we love to cook, most meals we order in restaurants are food...