Search found 920 matches

by Tamarind
Wed Apr 18, 2018 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Broke up with my girlfriend for financial reasons: crazy?
Replies: 53
Views: 2758

Re: Broke up with my girlfriend for financial reasons: crazy?

It doesn't sound like you were compatible. One one hand, there's no way she could afford to split things with you equally even if you both wanted to be frugal. Fairly splitting based on income would still have you paying 90%. Since you agreed to go out to eat, would you have felt better if you'd onl...
by Tamarind
Fri Apr 13, 2018 11:37 am
Forum: Investing - Help with Personal Investments
Topic: Which would you choose if you were me ?
Replies: 29
Views: 2944

Re: Which would you choose if you were me ?

Probably neither, but the annuity is likely better than the HY fund.
by Tamarind
Fri Apr 13, 2018 6:03 am
Forum: Personal Finance (Not Investing)
Topic: Will I catch up saving for retirement?
Replies: 54
Views: 4446

Re: Will I catch up saving for retirement?

If I were you I'd be on track to retire in luxury (for me) at about age 45, when I hit 3M. The only thing between you and retiring whenever you want is your savings rate. 37% and less than 1x saved suggests you're on track for your early 60s. That's fine, and for a normal earner 37% is an excellent ...
by Tamarind
Thu Apr 12, 2018 5:15 am
Forum: Investing - Help with Personal Investments
Topic: Crazy to start 529 without kids??
Replies: 49
Views: 3447

Re: Crazy to start 529 without kids??

Unusual but not crazy. If you understand that future events might change your plans and it's still worth it to you, then go ahead. But also take the time to read this: https://www.bogleheads.org/wiki/Managing_a_windfall
by Tamarind
Thu Apr 12, 2018 5:12 am
Forum: Investing - Help with Personal Investments
Topic: Why traditional IRA better than Roth IRA
Replies: 87
Views: 6627

Re: Why traditional IRA better than Roth IRA

It's not always wrong. The thing about capital gains and dividend rates is just irrelevant, but if you didn't save much, your tax rate will probably be lower in retirement, making tIRA the better choice (in retrospect). However, your relative may be in for a rude awakening if they are expecting to h...
by Tamarind
Wed Apr 11, 2018 6:42 am
Forum: Investing - Help with Personal Investments
Topic: How can I Invest 4 million dollars to earn 120k (inflation adjusted) a year for life?
Replies: 84
Views: 13168

Re: How can I Invest 4 million dollars to earn 120k (inflation adjusted) a year for life?

You can easily do #s 1, 4, 5, 6 and 7 all together. That's just the Boglehead method. Build a 3-fund portfolio as tax-efficiently as possible. You have somewhat more than $4M including your emergency cash. I'm assuming you have some minimal amount of money in tax-advantaged accounts. Unfortunately b...
by Tamarind
Tue Apr 10, 2018 4:38 pm
Forum: Investing - Help with Personal Investments
Topic: Just paid off my debt, have some questions going forward
Replies: 29
Views: 1647

Re: Just paid off my debt, have some questions going forward

Should we be changing our investment allocations at all? Is a backdoor Roth, in practice, something we really only do once we've maxed out our 401ks? Your allocation looks fine to me, though more risky than I chose to have. Were you invested at all in 2008? Ever been through a crash? I think it mak...
by Tamarind
Tue Apr 10, 2018 2:14 pm
Forum: Investing - Help with Personal Investments
Topic: Just paid off my debt, have some questions going forward
Replies: 29
Views: 1647

Re: Just paid off my debt, have some questions going forward

Should we be changing our investment allocations at all? Is a backdoor Roth, in practice, something we really only do once we've maxed out our 401ks? Your allocation looks fine to me, though more risky than I chose to have. Were you invested at all in 2008? Ever been through a crash? I think it mak...
by Tamarind
Tue Apr 10, 2018 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Can I refi and still get a lower rate right now? UPDATE: Bonus HELOC??
Replies: 31
Views: 1927

Re: Can I refi and still get a lower rate right now?

An update: so far the process has been smooth. All documentation was done online and over email. We're approved and just need to file the new deed so they can pull it. I also got a surprise along with the approval letter. They are offering a HELOC along with the mortgage, provided we accept before c...
by Tamarind
Tue Apr 10, 2018 11:45 am
Forum: Investing - Help with Personal Investments
Topic: Looking for good way to invest with 0 to few years time horizon
Replies: 7
Views: 462

Re: Looking for good way to invest with 0 to few years time horizon

Yes agreed, HY savings is the way to go with such an uncertain timeframe. You should expect to get near or above 1.5% in such an account.
by Tamarind
Tue Apr 10, 2018 11:41 am
Forum: Investing - Help with Personal Investments
Topic: Just paid off my debt, have some questions going forward
Replies: 29
Views: 1647

Re: Just paid off my debt, have some questions going forward

Yes, definitely max all your tax advantaged space and use backdoor Roth if necessary. At that combined income, should be a cinch. Consider adding regular contributions to a taxable retirement account, in addition to the recurring transfer your about to set up to replenish your EF. :sharebeer Congrat...
by Tamarind
Tue Apr 10, 2018 7:31 am
Forum: Personal Finance (Not Investing)
Topic: 0% credit card to pay off student loan?
Replies: 25
Views: 1474

Re: 0% credit card to pay off student loan?

I agree with several above posters that the card is not necessary. Pay it like it's on a card with a rate increasing in 15 months right now. If you can do that, you'll still make significant progress. If you can't, you would have had a bad experience when the introductory rate ran out.
by Tamarind
Mon Apr 09, 2018 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Cash flow problems - best way to handle?
Replies: 134
Views: 7796

Re: Cash flow problems - best way to handle?

I think the variable expenses are going to be the best target for cutting. You can get a little from cancelling cable, subscription services, and allowances, too. How often do you eat out right now? How often do you eat meat? How much are you paying for entertainment/enrichment (as separate from chi...
by Tamarind
Mon Apr 09, 2018 6:32 am
Forum: Personal Finance (Not Investing)
Topic: Structuring Newlywed Finances for Fairness and Less Arguments
Replies: 56
Views: 4317

Re: Structuring Newlywed Finances for Fairness and Less Arguments

Also recently married. We are in the process of combining liquid accounts (we both welcome the chance to have fewer accounts, and due to salary discrepancy it makes more sense to combine paychecks in a single account) and adjusting investments to our shared AA. Your plan generally seems good. Hopefu...
by Tamarind
Sat Apr 07, 2018 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: New HSA provider Lively offers investments for $30/yr fee
Replies: 237
Views: 30880

Re: New HSA provider Lively offers investments for $30/yr fee

I'm about to sign up and try a trustee-to-trustee transfer from HealthEquity. I'm no longer eligible for HSA contributions since my new employer doesn't offer an HDHP, but at least I can get out from under HE's fees and let the balance accumulate. I LOVE that Lively lets you connect a bank account t...
by Tamarind
Sat Apr 07, 2018 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: FYI: BankAmericard free 0% balance transfer offer
Replies: 1
Views: 244

FYI: BankAmericard free 0% balance transfer offer

Not my type of card, but I saw this on the BoA site and thought someone here might want to know about it, especially if they are currently snowballing their way out of debt. They are offering a BankAmericard with 15 months at 0%. But they are also not charging any balance transfer fee for balance tr...
by Tamarind
Sat Apr 07, 2018 6:35 am
Forum: Investing - Theory, News & General
Topic: Bogle on stock turbulence: ‘never seen a market this volatile to this extent in my career’
Replies: 88
Views: 12214

Re: Bogle on stock turbulence: ‘never seen a market this volatile to this extent in my career’

Even if our patron saint actually said and meant it in that way... So? I'd say that anyone can subjectively misread the state of the market, especially looking back over 60+ years. For instance, consider how growth/inflation has affected the point totals of a market swing: 750 points in the 70s woul...
by Tamarind
Fri Apr 06, 2018 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Owner's title insurance on refi after partial quitclaim?
Replies: 5
Views: 315

Re: Owner's title insurance on refi after partial quitclaim?

I believe your wife‘s interest will not be covered by the existing policy. You can review your policy for the definition of insured. The easier thing, of course, is to ask the title agent. It’s probably all a bit of an academic exercise. If you are paying for a lenders policy, which apparently you ...
by Tamarind
Fri Apr 06, 2018 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Owner's title insurance on refi after partial quitclaim?
Replies: 5
Views: 315

Re: Owner's title insurance on refi after partial quitclaim?

The insurance company's title attorney says I need a new policy because my wife is not named on the existing owner's policy and because the (he was a little fuzzy about this over the phone) "estate is changing"? I am feeling pretty out of my depth here.

I have no siblings. Wife does.
by Tamarind
Fri Apr 06, 2018 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Owner's title insurance on refi after partial quitclaim?
Replies: 5
Views: 315

Owner's title insurance on refi after partial quitclaim?

A fun edge case in title insurance... Hoping someone can advise. I am refinancing my home. Current title is me and my mother (JTWROS). I'm buying her share. New title will list me and my wife (Tenants by the Entirety, since this is in NC). The lender says we need to go ahead and do the quit claim de...
by Tamarind
Thu Apr 05, 2018 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Setting up startup's benefits package
Replies: 4
Views: 341

Re: Setting up startup's benefits package

From a start-up employee POV (ie I know nothing about how much trouble it is for an employer to set up) here's what I found most valuable for benefits: 1) HDHP with HSA - esp with a lot of young employees, your business dollar buys better coverage than your employees can get as individuals. Even if ...
by Tamarind
Wed Apr 04, 2018 7:22 am
Forum: Personal Consumer Issues
Topic: What's my income? (for credit card application)
Replies: 7
Views: 1306

Re: What's my income? (for credit card application)

Watty wrote:
Wed Apr 04, 2018 6:55 am
I have used the total income amount(before adjustments) from my most recent tax return and never had any questions.
This is a good idea because it's easy to substantiate if the bank has questions.
by Tamarind
Wed Apr 04, 2018 7:21 am
Forum: Personal Finance (Not Investing)
Topic: This-millennial-couple-is-saving-150000-a-year-and-plans-to-retire-by-2029-heres-how-they-
Replies: 136
Views: 10341

Re: This-millennial-couple-is-saving-150000-a-year-and-plans-to-retire-by-2029-heres-how-they-

A little surprised at the outburst of snark in this thread, especially at a blogger who touts this forum as a key resource for anyone who wants to reach financial Independence on their own schedule. Yes, like most folks working as personal finance bloggers, there's some more-frugal-than-thou flavor ...
by Tamarind
Wed Apr 04, 2018 5:39 am
Forum: Personal Finance (Not Investing)
Topic: Am I Crazy to Consider Relocating 5 Months after Buying a House?
Replies: 28
Views: 3029

Re: Am I Crazy to Consider Relocating 5 Months after Buying a House?

bloom2708 wrote:
Tue Apr 03, 2018 7:07 pm
PFInterest wrote:
Tue Apr 03, 2018 6:49 pm
Rent when you move to your new city.
+1
+2. Sounds like a good deal, so take it but avoid this happening in future by being more flexible about housing.
by Tamarind
Tue Apr 03, 2018 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Can I refi and still get a lower rate right now? UPDATE: Bonus HELOC??
Replies: 31
Views: 1927

Re: Can I refi and still get a lower rate right now?

Awesome, Tamarind! Hope it works out well for you. We just closed on the same mortgage terms and things went mostly smoothly and quickly. It only took us 5 weeks to close from application. We refinanced from a 5/1 ARM that had just had its first adjustment to 4.125% so we are very happy with the 3....
by Tamarind
Tue Apr 03, 2018 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Can I refi and still get a lower rate right now? UPDATE: Bonus HELOC??
Replies: 31
Views: 1927

Re: Can I refi and still get a lower rate right now?

Thanks for the varied and helpful advice. I made application with Third Federal for a low cost 5/1 ARM (10 year amortization) at 3.09%. Assuming all goes well, I'll pay $295 + prepaid interest at closing. As to the rate, Third Federal does not charge extra for cash-out refis (either they are eating ...
by Tamarind
Tue Apr 03, 2018 10:25 am
Forum: Investing - Help with Personal Investments
Topic: Saving For Retirement as a Millennial
Replies: 28
Views: 2333

Re: Saving For Retirement as a Millennial

Hello fellow millennial! I'm just 5 years older and I can tell you the important thing, which you are already doing, is to start saving as soon as you start working and just don't stop. You are off to a great start, actually. I think you have the right idea re your 401k. Keep increasing your contrib...
by Tamarind
Tue Apr 03, 2018 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Recordkeeping system for retirees
Replies: 25
Views: 2588

Re: Recordkeeping system for retirees

I don't know of a system that meets your needs. There are a lot of cloud document storage tools out there. I'm sure some will suit your filing schema and access needs. The sticking point is the combination of "secure" and "free or at a minimal charge". Running a secure cloud service costs money. If ...
by Tamarind
Tue Apr 03, 2018 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Debt Hole Repayment
Replies: 35
Views: 2816

Re: Debt Hole Repayment

Is anyone living relatively frugally and financially happy without maintaining a strict budget? There must be some other way to do things. Sure, you can do it. You have to pay yourself first. Decide how much you are doing to save and how much you are going to put against the debt. Automate those us...
by Tamarind
Sun Apr 01, 2018 9:09 am
Forum: Personal Finance (Not Investing)
Topic: taxes: e-file vs. paper
Replies: 51
Views: 3398

Re: taxes: e-file vs. paper

Depending on your income, you may have to pay to e-file. Some people pay for tax-prep software, which can include free e-file. Or you can download fillable pdf's or obtain paper forms and mail your paper return for the cost of postage. For federal returns, anyone can file electronically using freef...
by Tamarind
Sun Apr 01, 2018 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Can I refi and still get a lower rate right now? UPDATE: Bonus HELOC??
Replies: 31
Views: 1927

Re: Can I refi and still get a lower rate right now?

Why not do a heloc and aggressively pay it back. Keep your current MTG and rate and don't overpay. Because I'm hoping I can get a low-cost for the whole amount at a lower interest rate? Just saw an offer at Third Federal for a 5/1 ARM with 10 year amortization closing for $295 at 3.09%. I guess I n...
by Tamarind
Sun Apr 01, 2018 6:49 am
Forum: Personal Finance (Not Investing)
Topic: Can I refi and still get a lower rate right now? UPDATE: Bonus HELOC??
Replies: 31
Views: 1927

Re: Can I refi and still get a lower rate right now?

Looks like my surcharge would be in the .625% range or $850. I take your point about the rate, though the Third Federal quote I'm following up on already had my cash out input and is still quite low by comparison. ETA: I see one reason they are so low. They give a .25% discount for autopay. Which is...
by Tamarind
Sat Mar 31, 2018 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Can I refi and still get a lower rate right now? UPDATE: Bonus HELOC??
Replies: 31
Views: 1927

Re: Can I refi and still get a lower rate right now?

cherijoh wrote:
Sat Mar 31, 2018 6:20 pm
Well just be aware that you can no longer deduct mortgage interest on the amount of the cash out.
Thanks, I'm aware. I would no longer be itemizing anyway.
by Tamarind
Sat Mar 31, 2018 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Can I refi and still get a lower rate right now? UPDATE: Bonus HELOC??
Replies: 31
Views: 1927

Re: Can I refi and still get a lower rate right now?

Does anyone have other lender recommendations or particular advice on whether an ARM is appropriate for my circumstances?
by Tamarind
Sat Mar 31, 2018 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Can I refi and still get a lower rate right now? UPDATE: Bonus HELOC??
Replies: 31
Views: 1927

Re: Can I refi and still get a lower rate right now?

Why not do a heloc and aggressively pay it back. Keep your current MTG and rate and don't overpay. Because I'm hoping I can get a low-cost for the whole amount at a lower interest rate? Just saw an offer at Third Federal for a 5/1 ARM with 10 year amortization closing for $295 at 3.09%. I guess I n...
by Tamarind
Sat Mar 31, 2018 5:13 am
Forum: Personal Finance (Not Investing)
Topic: Can I refi and still get a lower rate right now? UPDATE: Bonus HELOC??
Replies: 31
Views: 1927

Can I refi and still get a lower rate right now? UPDATE: Bonus HELOC??

I hear a lot of noise about rates going up. Anyone refi in the last month or so and get a good rate? I need to do a cash out refi to pay back a down payment from family. Current loan $92k remaining after 8 years on a 15-year at 4.375%. Need to take out $44k for a new loan amount of $136k. LTV would ...
by Tamarind
Fri Mar 30, 2018 6:31 am
Forum: Personal Finance (Not Investing)
Topic: Debt Hole Repayment
Replies: 35
Views: 2816

Re: Debt Hole Repayment

Good on you for taking time steps now to clear your debts. We might be able to help more if we knew where the rest of the money was going. If you're making 80-90k, you should have more than $700/month free cash flow even with a car payment. How much are you contributing monthly to 401k or IRA curren...
by Tamarind
Fri Mar 30, 2018 6:19 am
Forum: Personal Finance (Not Investing)
Topic: Resign from job or possible termination
Replies: 68
Views: 7443

Re: Resign from job or possible termination

If you are going to be terminated not-for-cause, stick it out but start job hunting now. If you can't find something at least you'll have the unemployment cushion. Terminations, IMO, don't hurt your chances of finding a new job unless they are for-cause or frequently repeated. I would recommend you ...
by Tamarind
Fri Mar 30, 2018 6:12 am
Forum: Personal Finance (Not Investing)
Topic: Healthy eaters -- is this grocery budget normal to you?
Replies: 247
Views: 12592

Re: Healthy eaters -- is this grocery budget normal to you?

Organic/non-GMO meat is expensive. We shop almost entirely at Trader Joe's and we eat on average 1 meat dish per week. Our grocery bill for two people is about $100 weekly. Now we don't always buy the organic produce so to upgrade to organic, let's add $20 per bill. That's still half your budget. E...
by Tamarind
Thu Mar 29, 2018 5:59 am
Forum: Personal Finance (Not Investing)
Topic: As a standard employee, I owe a TON this tax season... why?
Replies: 16
Views: 3477

Re: As a standard employee, I owe a TON this tax season... why?

Yes, once large bonuses or mid-year income changes get involved, the IRS does not vouch that you'll automatically have enough withheld. Your task is to guesstimate and adjust your withholding as needed throughout the year. They also tend to assume that high-income taxpayers are going to either be sa...
by Tamarind
Thu Mar 29, 2018 5:46 am
Forum: Personal Finance (Not Investing)
Topic: Printing out a ten thousand page form 8949 for the IRS?
Replies: 48
Views: 4939

Re: Printing out a ten thousand page form 8949 for the IRS?

I would say you have a very strong incentive to find a tax program that will handle your trades and which facilitates e-filing.

You're trading the newest financial instrument in existence fergodssake, why would you file your taxes on dead trees? 8-)
by Tamarind
Wed Mar 28, 2018 6:14 am
Forum: Personal Finance (Not Investing)
Topic: Grass is always greener, federal edition
Replies: 59
Views: 6427

Re: Grass is always greener, federal edition

I think enjoying your work is more important once you have enough to meet your goals. Autonomy and a feeling of tangible contribution are very hard to find in any sector, and the federal pension can rarely be bested. If you want to raise family income, perhaps see what you could do to help your wife...
by Tamarind
Wed Mar 28, 2018 5:47 am
Forum: Investing - Help with Personal Investments
Topic: Max-funding an Index Universal Life policy to the IRS limit??
Replies: 102
Views: 4919

Re: Max-funding an Index Universal Life policy to the IRS limit??

ElmoHongZito wrote:
Tue Mar 27, 2018 11:08 pm
Is there a way to upload images to these posts? If so please let me know so I can post some print screens.
Here: https://www.bogleheads.org/wiki/Posting ... eads_forum
by Tamarind
Wed Mar 28, 2018 5:40 am
Forum: Investing - Help with Personal Investments
Topic: Max-funding an Index Universal Life policy to the IRS limit??
Replies: 102
Views: 4919

Re: Max-funding an Index Universal Life policy to the IRS limit??

Welcome to the forum. Insurance is not my thing, however if you do a search on the forum history you will find many threads where new posters come to us a few years after they have bought products like the one you are getting. Nearly all of them are experiencing a lot of regret because they have jus...
by Tamarind
Thu Mar 22, 2018 6:12 am
Forum: Personal Finance (Not Investing)
Topic: What Budget? Do you keep one?
Replies: 116
Views: 7064

Re: What Budget? Do you keep one?

I keep an annual budget. The categories where I'm prone to overspending (restaurants) are set as monthly amounts in the Mint budget tool so I get a warning if I'm close to the limit. I use Mint to update my actuals on my budget spreadsheet maybe once a quarter. All planned saving for the year is aut...
by Tamarind
Wed Mar 21, 2018 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Math question to buy new car: pay full, 0% 36 months, 0.9% 60 months
Replies: 35
Views: 2412

Re: Math question to buy new car: pay full, 0% 36 months, 0.9% 60 months

If it's an apples to apples comparison, pay in full. If your credit score is strong enough to get those rates, you should expect to be offered some kind of sweetener to take the financing. Usually this comes in the form of a reduction in price with requirement to keep the loan for some period of time.
by Tamarind
Wed Mar 21, 2018 1:46 pm
Forum: Investing - Help with Personal Investments
Topic: Buy individual stock to maintain my honor?
Replies: 22
Views: 2618

Re: Buy individual stock to maintain my honor?

htdrag11 wrote:
Wed Mar 21, 2018 1:35 pm
+1. Donate the money to one of your favorite charities.
+2. IMO, the best thing to do with money you don't feel you deserve is give it away to help someone else.
by Tamarind
Tue Mar 20, 2018 1:27 pm
Forum: Investing - Help with Personal Investments
Topic: Personal capital returns: 35% a year?
Replies: 11
Views: 2046

Re: Personal capital returns: 35% a year?

I noticed that, having added an HSA with a cash and investment account, PC overstates my returns. It doesn't recognize the transfer from cash side to investment side as a contribution to investment OR as an expense to cash. PC customer service says too bad. Even if you know what the portfolio was in...
by Tamarind
Mon Mar 19, 2018 1:42 pm
Forum: Investing - Help with Personal Investments
Topic: Exercise ISOs or walk away?
Replies: 19
Views: 1503

Re: Exercise ISOs or walk away?

I would definitely not hold. I'm pretty confident that no exit will occur before I reach the threshold for LTCG but if it did I would pay the short term rate. Not a major factor, but you may want to keep in mind that if the company carried out an IPO, you would almost certainly be subject to a lock...
by Tamarind
Mon Mar 19, 2018 3:26 am
Forum: Investing - Theory, News & General
Topic: How much money can a CPA save you?
Replies: 52
Views: 5652

Re: How much money can a CPA save you?

It's important to understand your own taxes whether you use a CPA or not. Once you understand your own taxes, you are much less likely to need one every year. I use free fillable forms, so routine cost is $0. If I have a question about tax effect of an upcoming event, I know a CPA who'll provide adv...