Search found 54 matches

by supersecretname
Sat Jan 06, 2018 10:49 am
Forum: Personal Finance (Not Investing)
Topic: How much are you putting in a 529?
Replies: 111
Views: 7349

Re: How much are you putting in a 529?

I have two kids. My goal is to have 2 years of state school funded for each when they reach 18. That way if one gets a scholarship, I can move funds to the other one. I’m reality, I get a 2500 state tax break for each, so that is what I’m contributing. And another 2500 in my name to be used for whic...
by supersecretname
Thu Dec 28, 2017 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: Invest or pay off car loan?
Replies: 17
Views: 745

Re: Invest or pay off car loan?

I never suggested margin loans. Those have margin requirements. Huge difference, but I think you know that already.

I’d take <2% for a car loan any day of the week, and in fact, just did recently. Not all debt is de facto bad.
by supersecretname
Wed Dec 27, 2017 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 10790

Re: Another should i buy my dream porsche thread...

net worth of $690k, nearly half of which is tied up in the home. liquid financial assets of $390k, a portion of which i am assuming includes your emergency fund. contemplating purchase of a depreciating asset of ~$105k. looks like a pretty clear 'no.' i think people are getting thrown by your high ...
by supersecretname
Wed Dec 27, 2017 7:04 pm
Forum: Investing - Help with Personal Investments
Topic: Invest or pay off car loan?
Replies: 17
Views: 745

Re: Invest or pay off car loan?

Refi with a credit union and get < 2%, Then let it ride and invest the balance. If you can’t for some reason then pay off. 4.8% is too high.
by supersecretname
Wed Dec 27, 2017 4:25 pm
Forum: Investing - Help with Personal Investments
Topic: is using HSA as investment vehicle worth the trouble?
Replies: 50
Views: 4222

Re: is using HSA as investment vehicle worth the trouble?

Those keeping ppaer receipts, you really should scan them. Ink fades, not to mention fire or other loss risks.
by supersecretname
Sun Nov 12, 2017 5:55 pm
Forum: Investing - Help with Personal Investments
Topic: Why pay cash for a car?
Replies: 179
Views: 15752

Re: Why pay cash for a car?

The prevailing wisdom is that by financing you will buy more car than you should. If you will truly get the same exact car, financing may not be a bad idea.

I got a 2017 base honda fit and am paying 0.9% for 5 years. Made no sense to pay that in cash, and it didn't influence my decision.
by supersecretname
Thu Nov 09, 2017 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Are all Payroll-->HSA contributions pre-tax?
Replies: 11
Views: 733

Re: Are all Payroll-->HSA contributions pre-tax?

HSA via payroll should be pre-FICA.
by supersecretname
Sat Oct 28, 2017 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: Early-retired 35 year old with $1 million
Replies: 198
Views: 19830

Re: Early-retired 35 year old with $1 million

Yes it’s totally enough. You’ll find more responses on MMM. BHs tend to be more conservative with this kind of stuff. I might give it another year or two to see f we get a correction. If we do, you are still earning and saving so no big deal. If not, you’ve padded your balance , so if it comes in 2+...
by supersecretname
Mon Oct 16, 2017 3:08 pm
Forum: Personal Consumer Issues
Topic: Car Buying, Time to grow up.
Replies: 59
Views: 5356

Re: Car Buying, Time to grow up.

get a Fit over the civic. I just bought one. Tons of room, and they are cheaper. You might be able to still find a 2017 for a great price.
by supersecretname
Wed Oct 11, 2017 8:43 am
Forum: Personal Finance (Not Investing)
Topic: [Boglehead vs Mr Money Mustache philosophies]
Replies: 203
Views: 16264

Re: [Boglehead vs Mr Money Mustache philosophies]

working a bunch of side jobs isn't "early retirement" ah, yes. The internet retirement police. Please read the article below. http://www.mrmoneymustache.com/2013/02/13/mr-money-mustache-vs-the-internet-retirement-police/ If I (or queso) can't challenge his definition of retirement, then you can't c...
by supersecretname
Wed Oct 11, 2017 7:14 am
Forum: Personal Finance (Not Investing)
Topic: [Boglehead vs Mr Money Mustache philosophies]
Replies: 203
Views: 16264

Re: [Boglehead vs Mr Money Mustache philosophies]

queso wrote:
Wed Oct 11, 2017 7:10 am
working a bunch of side jobs isn't "early retirement"
ah, yes. The internet retirement police. Please read the article below.

http://www.mrmoneymustache.com/2013/02/ ... nt-police/
by supersecretname
Tue Oct 10, 2017 11:50 am
Forum: Personal Finance (Not Investing)
Topic: [Boglehead vs Mr Money Mustache philosophies]
Replies: 203
Views: 16264

Re: [Boglehead vs Mr Money Mustache philosophies]

I kicked my MMM-ness into high gear a few years ago when I saw an incredibly well-liked coworker in his 50s leave work on Fri and very quickly pass away over the weekend due to some type of infection. Devastated the whole company. I'm sure he had lots of plans about things to do when retired. After ...
by supersecretname
Mon Oct 09, 2017 7:03 pm
Forum: Investing - Theory, News & General
Topic: Buy when there's blood in the streets!
Replies: 39
Views: 6663

Re: Buy when there's blood in the streets!

make more money (work more)
borrow at low rates
sell things
cut expenses further
by supersecretname
Mon Oct 09, 2017 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: [Boglehead vs Mr Money Mustache philosophies]
Replies: 203
Views: 16264

Re: [Boglehead vs Mr Money Mustache philosophies]

I think people who equate washing out ziploc bags with not being an economic serf to be amusing (at least in small doses), clearly a bit delusional, but certainly not threatening. MMM has never advocated for washing ziploc bags or only have one communal bath towel. Those are straw man arguments and...
by supersecretname
Mon Oct 09, 2017 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: [Boglehead vs Mr Money Mustache philosophies]
Replies: 203
Views: 16264

Re: [Boglehead vs Mr Money Mustache philosophies]

BH people are more realistic, more matured, whereas the MMM followers are more unrealistic and childish. I agree. I like MMM himself, but many of his followers strike me as gullible simpletons who regurgitate MMM's buzzwords whenever a dissenting opinion is presented. wow, judgmental much? A lot of...
by supersecretname
Mon Oct 09, 2017 9:09 am
Forum: Personal Consumer Issues
Topic: Is there boglehead consensus on buying a car?
Replies: 73
Views: 5653

Re: Is there boglehead consensus on buying a car?

My opinion: if you're buying something like civic, buy it new (or really old if you like a beater). I doesn't pay to buy a 2 year old civic or Accord because they hold a lot of their value. You don't know how the previous owner treated the car and to save a couple of thousand on a 20k plus car does...
by supersecretname
Sun Sep 24, 2017 7:48 am
Forum: Personal Finance (Not Investing)
Topic: The Magic of Savings Rate
Replies: 97
Views: 11587

Re: The Magic of Savings Rate

The reason MMM's formula is simple is because it's trying to explain a simple concept. That savings rate has a larger influence on retirement timelines than just income does. That's it. If you're looking into it any more than that you're wasting your time and missing the point. I've shown dozens of...
by supersecretname
Thu Sep 21, 2017 10:07 pm
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 220
Views: 25995

Re: I won the Lottery. Need sound advice.

I do love to gamble, so I think if I can channel that energy into investing, and watch my money grow, that will "scratch the itch", so to speak. I think it's great that you realize the changes that need to be made. However this line worries me. Investing is not gambling. It's boring. It won't give ...
by supersecretname
Thu Sep 21, 2017 9:59 am
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 220
Views: 25995

Re: I won the Lottery. Need sound advice.

my god, some of you have no sense of humor at all.

Your spending is out of control and unless you get a handle on that, you will go back to being in consumer debt in 5 years.
by supersecretname
Tue Sep 19, 2017 10:11 pm
Forum: Investing - Help with Personal Investments
Topic: New to Investing. 450k cash
Replies: 33
Views: 3365

Re: New to Investing. 450k cash

you should do whatever helps you sleep best at night. unless you refi, paying down the mortgage some won't help your cash flow. you say you have a low risk tolerance, so, if I'm pulling numbers out of a hat: max 401k and 2 IRAs for 2017 and again next year in 2018. 18+5.5+5.5 = 29k *2 = 58k. emergen...
by supersecretname
Tue Sep 19, 2017 10:03 pm
Forum: Investing - Help with Personal Investments
Topic: 40 Year Olds, how are we doing.. and other questions
Replies: 17
Views: 3771

Re: 40 Year Olds, how are we doing.. and other questions

Figure currently at 100k per year in expenses, including taxes, insurance, mortgage and kids. You serious clark? If you want to increase your savings, this is the place to start. You don't list income, but if I'm stereotyping here, 100K spent in KS sounds like a crapton of money. Do you have a budg...
by supersecretname
Thu Jun 29, 2017 6:38 pm
Forum: Investing - Theory, News & General
Topic: Time in the market is more important, But seriously ?
Replies: 60
Views: 8486

Re: Time in the market is more important, But seriously ?

These threads are great reading if for no other reason that to hammer the point of investing early and often. Let the market do its thing and go outside. If you saw how hot dogs are made you wouldn't want to eat them either.
by supersecretname
Wed Mar 29, 2017 8:12 pm
Forum: Personal Consumer Issues
Topic: quickest or best way to learn Spanish?
Replies: 39
Views: 3834

Re: quickest or best way to learn Spanish?

rosetta stone is pretty good. I lost interest after about 4 months, but that was more for personal reasons.

If you make it through all 5 levels, you will be in very good shape. You'll be able to understand basic stuff after only a few weeks.
by supersecretname
Fri Mar 17, 2017 8:29 am
Forum: Investing - Theory, News & General
Topic: All things equal - Int'l in taxable?
Replies: 5
Views: 574

Re: All things equal - Int'l in taxable?

That spreadsheet looks awesome. I'm 25% bracket, and comparing VTI and VEU. I'll dive into it this weekend.

Thanks!
by supersecretname
Fri Mar 17, 2017 7:44 am
Forum: Investing - Theory, News & General
Topic: All things equal - Int'l in taxable?
Replies: 5
Views: 574

All things equal - Int'l in taxable?

I have a mix of account types: taxable, Roth and Trad 401k. My overall AA is 50 US 40 Int'l, 10 REIT

Given that foreign tax paid comes back as a credit, wouldn't it make sense to keep more international in my taxable account than in roth/trad 401k?

p.s. and yes REIT is in my Roth, not taxable
by supersecretname
Thu Mar 16, 2017 9:27 am
Forum: Personal Finance (Not Investing)
Topic: TaxAct not calculating foreign tax credit
Replies: 15
Views: 1626

Re: TaxAct not calculating foreign tax credit

federal->credits

there should be a line for foreign tax credit. Step through that process.
by supersecretname
Thu Mar 16, 2017 9:23 am
Forum: Personal Finance (Not Investing)
Topic: TaxAct not calculating foreign tax credit
Replies: 15
Views: 1626

Re: TaxAct not calculating foreign tax credit

I had this same exact problem. You need to add it somewhere else also. I'll see if I can figure out where I did it.
by supersecretname
Mon Mar 13, 2017 10:41 am
Forum: Investing - Help with Personal Investments
Topic: FI, early retirement at 40, how to get relevant tax advice?
Replies: 46
Views: 6368

Re: FI, early retirement at 40, how to get relevant tax advice?

yes, 3MM is enough.

head over the the MMM forum. You'll find people that did it with much less. The key is a simple life, which seems like you already have/desire.

https://forum.mrmoneymustache.com
by supersecretname
Wed Mar 08, 2017 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: How Much in Your Emergency Fund And Is It Used?
Replies: 188
Views: 22013

Re: How Much in Your Emergency Fund And Is It Used?

A HELOC (or CC with cash advance) can be great while it's there, but don't think that your bank won't close it in a heartbeat when they get the jitters, despite your wonderful history and rock-solid financial status. It's kinda scary as a safety net IMO. Have multiple no-fee credit cards. You can a...
by supersecretname
Wed Feb 22, 2017 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Life Changes - What Should My Next Monetary Goals/Objectives Be?
Replies: 17
Views: 2191

Re: Life Changes - What Should My Next Monetary Goals/Objectives Be?

1) Open a term-life insurance policy for when Child #1 arrives For you or for the kid? For you, yes, you should have life insurance. For the kid, god no. Those things sold by the like of gerber are a terrible idea 4) DW wants a new vehicle for Child You have 16 years before the kid will drive. I th...
by supersecretname
Wed Feb 22, 2017 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement and LTCG help please
Replies: 14
Views: 1198

Re: Retirement and LTCG help please

there is no wash rule when tax gain harvesting. you could buy the same fund again right after you sell.
by supersecretname
Wed Feb 22, 2017 12:11 pm
Forum: Personal Consumer Issues
Topic: Getting the snip: Should it be me or my partner?
Replies: 13
Views: 1882

Re: Getting the snip: Should it be me or my partner?

much much simpler for the guy.

i got it and it wasn't bad at all. Insurance should cover most if not all.
by supersecretname
Mon Feb 06, 2017 1:37 pm
Forum: Personal Consumer Issues
Topic: Car Replacement Strategy
Replies: 8
Views: 1586

Re: Car Replacement Strategy

that car is worth > 1k.

it's a maintenance issue, and it also shouldn't cost 1K. Call around for a better quote.
by supersecretname
Tue Dec 20, 2016 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Kitchen Renovation - Cash or Loan?
Replies: 22
Views: 1720

Re: Kitchen Renovation - Cash or Loan?

spending 25K on a kitchen gives me a heart palpation just thinking about it.

Learn to be happy with what you have.
by supersecretname
Fri Sep 02, 2016 7:20 am
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache Staying in Lending Club
Replies: 68
Views: 9229

Re: Mr. Money Mustache Staying in Lending Club

2 -retire early (quit W2 work. Queue internet retirement police ) Example of thing I dislike about him. Take word "retire" which implies something to the vast majority of people. Define it as something else (career change from W2 work to independent building contractor/commercial blog ope...
by supersecretname
Fri Sep 02, 2016 7:13 am
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache Staying in Lending Club
Replies: 68
Views: 9229

Re: Mr. Money Mustache Staying in Lending Club

Here is the MMM timeline

1 -work really hard for while
2 -retire early (quit W2 work. Queue internet retirement police )
3 - start interesting and popular blog
4 - make money from said blog.

The fact that #4 happened doesn't take away from #s1-3.
by supersecretname
Sun Jul 03, 2016 9:31 am
Forum: Personal Finance (Not Investing)
Topic: How to pay ZERO taxes in retirement with 6-figure expenses
Replies: 195
Views: 99220

Re: How to pay ZERO taxes in retirement with 6-figure expenses

Great thread.

I'm planning on checking out around 41, and will have many years to convert the 401k/tIRA to Roth at very favorable tax rates. The key (other than to have low expenses) is to have at least 5+ years of expenses in taxable while you are waiting for the Roth conversion to season.
by supersecretname
Tue Jun 28, 2016 7:21 am
Forum: Investing - Theory, News & General
Topic: Tax-advantaged accounts for early retirement?
Replies: 24
Views: 2995

Re: Tax-advantaged accounts for early retirement?

It's not that complicated IMO:

Max traditional 401k
Max Roth Or traditional IRA
Save at least 5 years living expenses in taxable
Roth conversion ladder once retired
by supersecretname
Fri Jun 03, 2016 6:40 pm
Forum: Investing - Help with Personal Investments
Topic: When do YOU rebalance?
Replies: 65
Views: 6283

Re: When do YOU rebalance?

Every two weeks when I contribute. I keep balances pretty close to the target.
by supersecretname
Thu Feb 11, 2016 10:40 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Website Having Issues
Replies: 16
Views: 1826

Re: Vanguard Website Having Issues

ditto. page gets all messed up when trying to place orders
by supersecretname
Fri Feb 05, 2016 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: I should cancel this credit card, right?
Replies: 12
Views: 1440

Re: I should cancel this credit card, right?

If you call them they can often downgrade you to a no-fee card. This would keep your account age and credit limit.

But it for some reason not, just close it. Your age and credit limit are fine.
by supersecretname
Thu Jan 07, 2016 9:49 am
Forum: Investing - Help with Personal Investments
Topic: VXUS and VEU substantially identical?
Replies: 5
Views: 775

Re: VXUS and VEU substantially identical?

jhfenton wrote:Your tax guy is wrong.
by supersecretname
Tue Jan 05, 2016 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Savings % Target 2016?
Replies: 168
Views: 13429

Re: Savings % Target 2016?

46% gross

58% net

This includes bonus/401k match.
by supersecretname
Tue Nov 03, 2015 5:11 pm
Forum: Investing - Help with Personal Investments
Topic: $90,000 to invest but worried that the S&P 500 is in a bubble
Replies: 42
Views: 6415

Re: $90,000 to invest but worried that the S&P 500 is in a bubble

Whatever you do, it's not going to make that much of a difference in 30 years.

how about you dump 30K in now to get started, then 5K/month for the next 12 months?
by supersecretname
Fri Oct 30, 2015 12:42 pm
Forum: Personal Consumer Issues
Topic: Dissuade me from buying art [Kauai]
Replies: 44
Views: 5176

Re: Dissuade me from buying art [Kauai]

If you like it, buy it.

But, do not consider it an investment. You will get pennies if you ever wanted to sell.
by supersecretname
Fri Sep 04, 2015 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: How to deal with making contribution during market turbulence?
Replies: 37
Views: 3544

Re: How to deal with making contribution during market turbulence?

then perhaps you are not fully sold on the "no market timing" ideal. you don't know that it will go down tomorrow, and even if it did, you don't know when it will go back up.

if you are investing for the long term, it is really just a blip.
by supersecretname
Fri Sep 04, 2015 3:58 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting VGTSX (Vanguard Total International)
Replies: 15
Views: 1691

Re: Tax loss harvesting VGTSX (Vanguard Total International)

I know that you can't sell one fund and buy a nearly-identical one (wash sale rule.) However, what if you sell and buy into two funds which, when put together, pretty much make up the fund you sold? A-OK. Go for it. Make sure your IRA/401K are not in the same funds you are selling. My Roth IRA is 1...
by supersecretname
Fri Sep 04, 2015 3:45 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting VGTSX (Vanguard Total International)
Replies: 15
Views: 1691

Re: Tax loss harvesting VGTSX (Vanguard Total International)

sergio wrote:I know that you can't sell one fund and buy a nearly-identical one (wash sale rule.) However, what if you sell and buy into two funds which, when put together, pretty much make up the fund you sold?

A-OK. Go for it.

Make sure your IRA/401K are not in the same funds you are selling.