Search found 73 matches

by supersecretname
Sun Sep 16, 2018 10:09 am
Forum: Investing - Theory, News & General
Topic: Alternative investments - Art, memorabilia, artifacts, antiques
Replies: 17
Views: 1117

Re: Alternative investments - Art, memorabilia, artifacts, antiques

You need very specialized knowledge. I collect art and it’s about 15% of my NW. might go to 20% with my next purchase. I focus on a few artists and I know the market well. Returns for some have exceeded equities, and I suspect will continue to do so (that’s why I’m still buying, but much more focuse...
by supersecretname
Sun Sep 16, 2018 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Pre-Retirement Review
Replies: 9
Views: 1173

Re: Pre-Retirement Review

Don’t sell the crypto. At this point you’ve just gotta let it ride.
by supersecretname
Wed Sep 05, 2018 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: How to Retire in Your 30's with $1 Million in the Bank
Replies: 148
Views: 18046

Re: How to Retire in Your 30's with $1 Million in the Bank

yes, you are right, both of them violate the spirit of the law. It’s also like people who take advantage of unemployment, welfare, or food stamps. The difference is you are likely reducing benefits for those that actually need them instead of just taking a tax break. Not going to lie, it’s one of t...
by supersecretname
Wed Sep 05, 2018 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: How to Retire in Your 30's with $1 Million in the Bank
Replies: 148
Views: 18046

Re: How to Retire in Your 30's with $1 Million in the Bank

As someone who will FIRE in the next 5 years, let me point some things out: 1 - healthcare. After quitting, I will set up my ROTH pipeline and control my income. That way I can qualify for the most beneficial ACA subsidies. Those are not going anywhere anytime soon. Yeah, people with higher incomes...
by supersecretname
Wed Sep 05, 2018 8:52 am
Forum: Personal Finance (Not Investing)
Topic: How to Retire in Your 30's with $1 Million in the Bank
Replies: 148
Views: 18046

Re: How to Retire in Your 30's with $1 Million in the Bank

this was posted on MMM forum, and it really captures the fact that the biggest risk to FIRE is not going broke, but death. Here is an example using the life expectancy for an american male who pushed the big red button and FIRED at 45 with 25x his (actual) annual spending in stocks. (hat-tip maizema...
by supersecretname
Tue Sep 04, 2018 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: How to Retire in Your 30's with $1 Million in the Bank
Replies: 148
Views: 18046

Re: How to Retire in Your 30's with $1 Million in the Bank

Ah yes, the arrival of the whole: if I don't understand it, it can't possibly be true. 25-30k would be a very lean FIRE, and I'm sure there are some that do it. 40k is a more realistic number that people can wrap their heads around. Very few bloggers actually make money, only the top handful that ar...
by supersecretname
Mon Sep 03, 2018 10:20 am
Forum: Personal Finance (Not Investing)
Topic: How to Retire in Your 30's with $1 Million in the Bank
Replies: 148
Views: 18046

Re: How to Retire in Your 30's with $1 Million in the Bank

telemark wrote:
Mon Sep 03, 2018 10:05 am
Yes, living on $40,000 a year becomes noticeably harder when $10,000 of that goes for health insurance.
In MD, post-subsidy, age 36, insurance would be ~320/month with 1000 deductible (gold plan) for a single person with 40k income. Age 56 gets an even higher subsidy so it'd be lower.
by supersecretname
Mon Sep 03, 2018 10:06 am
Forum: Personal Finance (Not Investing)
Topic: How to Retire in Your 30's with $1 Million in the Bank
Replies: 148
Views: 18046

Re: How to Retire in Your 30's with $1 Million in the Bank

As someone who will FIRE in the next 5 years, let me point some things out: 1 - healthcare. After quitting, I will set up my ROTH pipeline and control my income. That way I can qualify for the most beneficial ACA subsidies. Those are not going anywhere anytime soon. Yeah, people with higher incomes ...
by supersecretname
Tue Jul 31, 2018 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Realities of Early Retirement Model (FIRE)?
Replies: 96
Views: 9828

Re: Realities of Early Retirement Model (FIRE)?

FireProof wrote:
Tue Jul 31, 2018 9:19 am
I think the most common profile is engineers with high savings rates, since they see it as a problem to be min-maxxed.
guilty as charged.
by supersecretname
Mon Jul 30, 2018 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Realities of Early Retirement Model (FIRE)?
Replies: 96
Views: 9828

Re: Realities of Early Retirement Model (FIRE)?

my point was about the tax games that corps play, not employer-sponsored insurance.
by supersecretname
Mon Jul 30, 2018 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Realities of Early Retirement Model (FIRE)?
Replies: 96
Views: 9828

Re: Realities of Early Retirement Model (FIRE)?

The thing that bugs me... this healthcare is not really cheap . Its subsidised - by the rest of us still working and paying high tax rates. Not only do corporations do the same thing, they have a fiduciary responsibility to shareholders to engage in all manners of tax maneuvers. But yet, somehow it...
by supersecretname
Mon Jul 30, 2018 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Realities of Early Retirement Model (FIRE)?
Replies: 96
Views: 9828

Re: Realities of Early Retirement Model (FIRE)?

I have read a few articles about the FIRE (Financial Independent & EArly Retirement) which folks in their early 30s, etc quit their job and live off of their savings and passive income. My instincts tell me there are some underlying things that are not addressed with this model. Does anyone has dir...
by supersecretname
Sat Jul 28, 2018 8:44 am
Forum: Investing - Theory, News & General
Topic: Fidelity Full View transition to eMoney
Replies: 107
Views: 12364

Re: Fidelity Full View transition to eMoney

The only problem I ever had with Fullview was that it could not connect to Elan Financial to pull in expenditures made on my Fidelity Rewards Visa, which always struck me as just a little bit ludicrous. Hopefully the replacement service will be better. ha, me too! i was a yodlee moneycenter user, a...
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: 5128

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: 2631

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: 18300

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: 3319

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: 4058

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: 2188

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: 10359

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: 1166

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: 14283

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: 1166

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: 5576

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: 31329

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: 984

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: 22694

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: 6127

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: 19233

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: 19233

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: 19233

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: 7276

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: 19233

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: 19233

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: 7690

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: 12752

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: 29167

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: 29167

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: 3682

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: 4078

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: 9304

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: 4769

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: 653

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: 653

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: 2134

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: 2134

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: 6640

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: 197
Views: 26979

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: 2405

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...