Search found 60 matches

by supersecretname
Sat May 12, 2018 1:40 pm
Forum: Personal Consumer Issues
Topic: How to think about schools/homes (Greatschools/Niche)
Replies: 70
Views: 4772

Re: How to think about schools/homes (Greatschools/Niche)

What's wrong even if your child is confronted with folks who say the summered in France? When the child asks why not us just say it costs money and if you want that in the future it is up to you to get educated and make the money to buy that. ditto to this. I rent a townhouse in a very good school ...
by supersecretname
Thu May 03, 2018 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Budget for kid's sport?
Replies: 49
Views: 2355

Re: Budget for kid's sport?

your kid is overscheduled. drop one of the sports. I'd say hockey, only because the time commitment involved will skyrocket if he continues to do it. probably not basketball since that will come in handy with friends as he continues to grow up.
by supersecretname
Wed Apr 18, 2018 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Can I retire at age 40?
Replies: 158
Views: 17218

Re: Can I retire at age 40?

Yes, if you get a handle on your expenses.

10k/month with a paid off house is....a lot. If you wanted to retire now (which is doable), work on cutting that 10k in half.
by supersecretname
Tue Mar 20, 2018 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Discovered mistake on 2014 return—owe money
Replies: 23
Views: 3233

Re: Discovered mistake on 2014 return—owe money

forget about it. its just about 3 years out from filing, so the audit clock is about to run out. This would not be a gross error where they would go back 6 years.
by supersecretname
Sun Mar 04, 2018 11:56 am
Forum: Investing - Help with Personal Investments
Topic: AOBC, horrible decision [American Outdoor Brands]
Replies: 30
Views: 3901

Re: AOBC, horrible decision [American Outdoor Brands]

aristotelian wrote:
Fri Mar 02, 2018 9:19 am
There was a thread recently about people who hold on to their dog stocks even when they go to near zero just as a reminder of the risks of single stocks.
this. keep it to remind you not to stock pick in the future.
by supersecretname
Mon Feb 12, 2018 11:17 pm
Forum: Investing - Help with Personal Investments
Topic: Buy or Rent under new Tax Law
Replies: 20
Views: 2032

Re: Buy or Rent under new Tax Law

The best way to get an answer on the internet is to ask a different question.

You can’t afford a 750k house. Textbook house poor. Continue to rent.
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: 9281

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: 1051

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: 13163

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: 1051

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: 5090

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: Personal Finance (Not Investing)
Topic: Why pay cash for a car?
Replies: 248
Views: 29354

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: 892

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: 21655

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: 5948

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: 18473

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: 18473

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: 18473

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: 7140

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: 18473

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: 18473

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: 7169

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: 12435

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: 28417

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: 28417

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: 3583

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: 3998

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: 9126

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: 4465

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: 634

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: 634

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: 2058

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: 2058

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: 6536

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: 23880

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: 2358

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: 1378

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: 1995

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: 1656

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: 1845

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: 9757

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 operator), an...
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: 9757

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: 201
Views: 108918

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: 3213

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: 6797

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: 1995

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: 1529

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: 821

Re: VXUS and VEU substantially identical?

jhfenton wrote:Your tax guy is wrong.