Search found 2205 matches

by Tamarind
Mon Sep 28, 2020 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Investing and Saving Considerations for Single Guy
Replies: 46
Views: 2515

Re: Investing and Saving Considerations for Single Guy

I think LTD is a good idea until you get to the point when you are ready to stop working. You don't need life insurance as a single person, however. In line with suggestions above about incapacity and end-of-life care, lifelong single folks need to work extra hard on cultivating found family. Friend...
by Tamarind
Mon Sep 28, 2020 10:58 am
Forum: Personal Investments
Topic: Budgeting and investing on 80k
Replies: 14
Views: 1494

Re: Budgeting and investing on 80k

Thanks guys. Yeah this stuff is very confusing and I want to reduce my taxable I come for sure that's why I asked for help on this. It almost sounds like I should just max out 401k and HSA and then if I get a refund at end of the year just plop it into the Roth That's a reasonable strategy if you m...
by Tamarind
Mon Sep 28, 2020 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Planning - Mid 40s
Replies: 31
Views: 3115

Re: Retirement Planning - Mid 40s

There's a big difference between retiring now and taking a break for a few months while you conduct a job search. You'd be perfectly fine for a year or even two, but you don't have enough to retire at that rate of spend IMO. I would feel differently if you could curtail spending, or had already save...
by Tamarind
Mon Sep 28, 2020 7:41 am
Forum: Personal Investments
Topic: Budgeting and investing on 80k
Replies: 14
Views: 1494

Re: Budgeting and investing on 80k

I think you are overestimating your federal taxes by a quite a bit. Your marginal rate is 22%, but I’m estimating your effective (what you actually pay in dollars) rate as closer to 12.5%. Use an online calculator to get a better estimate. https://smartasset.com/taxes/income-taxes#ZEpOdvCxtP +1 My ...
by Tamarind
Mon Sep 28, 2020 7:36 am
Forum: Personal Investments
Topic: Back Door Roth
Replies: 9
Views: 541

Re: Back Door Roth

You should not attempt a backdoor Roth if you have a rollover IRA. I strongly recommend going ahead and rolling that money back into current 401ks even if you aren't sure you want to do a backdoor Roth this year. Do you have any other traditional IRAs besides the rollover? To me it seems clear that ...
by Tamarind
Sat Sep 26, 2020 6:44 am
Forum: Personal Investments
Topic: When life changes, should my taxable account change too?
Replies: 6
Views: 747

Re: When life changes, should my taxable account change too?

If it were me, I'd want to respect past-me's intent so save the money for retirement. Obviously if something really important comes up you can spend it but it sounds like this is speculative for now. I'd leave it alone, but stop contributing to it and instead increase my cash savings to prepare for ...
by Tamarind
Sat Sep 26, 2020 5:38 am
Forum: Investing - Theory, News & General
Topic: Is hydrogen the fuel for the future of transportation?
Replies: 18
Views: 1292

Re: Is hydrogen the fuel for the future of transportation?

Promising tech but highly speculative stock. Flammability and safe storage are also an issue (undetected leaks become very dangerous very quickly).

I think hydrogen will benefit from further decreases in cost of solar energy.
by Tamarind
Sat Sep 26, 2020 5:34 am
Forum: Personal Investments
Topic: Pay more on 2.49% car loan or invest in taxable?
Replies: 33
Views: 2515

Re: Pay more on 2.49% car loan or invest in taxable?

I'd do the car loan, but that's not a purely mathematical decision. Unlike a house, which has both a use value and an asset value that are independent of the size or rate of your mortgage and how fast you pay it, the car has a short economic life, is depreciating and will never be worth what you pai...
by Tamarind
Fri Sep 25, 2020 12:50 pm
Forum: Personal Investments
Topic: Should I make 2020 Roth IRA contributions, or wait? What have you done?
Replies: 10
Views: 1029

Re: Should I make 2020 Roth IRA contributions, or wait? What have you done?

Best would be to do a backdoor Roth from the start since you expect to get close but don't know how close. But you have a rollover IRA. I'd wait until early next year so you can make Roth contribution knowing exactly how much your limit is. I'd also give some attention to whether it's worth it to ro...
by Tamarind
Fri Sep 25, 2020 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Paying off sub 4% mortgage interest rate early
Replies: 167
Views: 14280

Re: Paying off sub 4% mortgage interest rate early

Yes, but it's not very rational. 2 years into a 5/1 ARM refi at 3.09%. I'm paying an extra $500 per month, which allows me to pay it off on the completion date of my original 15-year fixed loan, in 5 years. I refinanced to lower my rate, not to extend the term and be in debt longer. It would probabl...
by Tamarind
Fri Sep 25, 2020 10:56 am
Forum: Personal Investments
Topic: Two 401k accounts: Previous and Current Employer
Replies: 13
Views: 677

Re: Two 401k accounts: Previous and Current Employer

I am in a similar boat to you where my old 401k has lower ERs and recording fee so I am not rolling over. I do not attempt to hold the same AA in each 401k. In fact I don't attempt to hold any particular AA in my 401k account. Instead I look across all of my accounts and try to get my total fee burd...
by Tamarind
Fri Sep 25, 2020 7:14 am
Forum: Personal Finance (Not Investing)
Topic: Large Nest Egg...should I run a deficit to pay a larger mortgage?
Replies: 40
Views: 2907

Re: Large Nest Egg...should I run a deficit to pay a larger mortgage?

rascott wrote: Fri Sep 25, 2020 1:33 am A $900k home on a $115k income and a family of 4 is just not wise, no matter how you attempt to justify it. This could blow up spectacularly.... seems like a question right out of 2006 era
Agreed. Too much house.
by Tamarind
Wed Sep 23, 2020 7:31 am
Forum: Personal Consumer Issues
Topic: Why buy medical insurance ?
Replies: 113
Views: 7295

Re: Why buy medical insurance ?

As others have said, because it puts an upper cap on my out of pocket medical spending where the theoretical bill can be larger than my life savings. Any cheap HDHP will do, it could have a 5-figure deductible and that'd be fine. I also carry a personal long term disability policy and will keep it u...
by Tamarind
Tue Sep 22, 2020 5:16 pm
Forum: Personal Investments
Topic: Help Managing Father's Finances
Replies: 13
Views: 1286

Re: Help Managing Father's Finances

Thanks for the all the helpful responses! To clarify a few things: -My father is has Medicare and AARP. He also recently got accepted at the VA for healthcare benefits -He lives in a retirement community now, independent living level, with ability to move to higher levels of care as medically indic...
by Tamarind
Wed Sep 16, 2020 2:51 pm
Forum: Investing - Theory, News & General
Topic: You are probably invested in Bitcoin now
Replies: 36
Views: 3001

Re: You are probably invested in Bitcoin now

*shrug* Ok. I'm perfectly happy to hold it insofar as it's cap-weighted and part of the assets of a publicly traded company. If crypto actually begins to have serious impact on business operations then I'll be happy to see that grow. Plenty of wild models being tried out among the microcaps... That'...
by Tamarind
Mon Aug 31, 2020 2:14 pm
Forum: Personal Investments
Topic: Family member has one million in one stock , doesn't want to cash out
Replies: 261
Views: 28053

Re: My dad has 1 million in Tesla, I told him to cash out, he doesn't want too

Try to temper your expectations. You're right but that doesn't mean your dad will listen to you. My dad still believes he can time the market. He is certain he was brilliant in 2008, because he didn't keep any records of his trades or performance. But he has gone from 100% play money to 5% play mone...
by Tamarind
Mon Aug 31, 2020 9:46 am
Forum: Personal Finance (Not Investing)
Topic: What to do after rolling over Traditional 401k into tIRA after starting backdoor Roth conversion
Replies: 5
Views: 292

Re: What to do after rolling over Traditional 401k into tIRA after starting backdoor Roth conversion

Unless you expect to pay a lower tax rate this year than after you retire, option #2 is best if the new company will allow the incoming rollover. If I were to do that then I wouldn't need to worry about pro rata rule anymore right? I would just complete my 8606 as if that money was never in my trad...
by Tamarind
Mon Aug 31, 2020 9:40 am
Forum: Personal Consumer Issues
Topic: Bee keeping
Replies: 64
Views: 3406

Re: Bee keeping

I was a way for a couple of days and just got back to this post. Thanks again for the additional information. I am not sure about lifting 40-80 pounds. I know I can lift about 35-30 pounds easily. I scuba dive, not as much as I used to, it's a dying hobby of mine for a variety of reasons. But a tan...
by Tamarind
Sun Aug 30, 2020 6:14 pm
Forum: Personal Consumer Issues
Topic: Lead paint and house offer accepted
Replies: 47
Views: 3484

Re: Lead paint and house offer accepted

My house has lead paint. The seller's disclosure was like the one you were given though they must have suspected & had a toddler. The house is from 1968 so our agent recommended we assume there was lead paint. There are a couple of things you can do make sure the place is safe for your kid so that I...
by Tamarind
Sat Aug 29, 2020 12:49 pm
Forum: Personal Investments
Topic: Convincing teenager to invest in Roth
Replies: 109
Views: 5795

Re: Convincing teenager to invest in Roth

I don't think the tax savings will sink in until after he's done his own taxes for the first time. Withheld tax may be invisible to a teenager.
by Tamarind
Sat Aug 29, 2020 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Gut renovation. What should I know before we start?
Replies: 29
Views: 2488

Re: Gut renovation. What should I know before we start?

Take a few hours when all the mechanicals are in, BEFORE insulation/ drywall, and photograph every single wall, and ceilings where there are mechanicals. Make a drawing of every wall, with measurements. Someday, as an old person, you may need to get at a pipe or wire in a wall and will appreciate h...
by Tamarind
Sat Aug 29, 2020 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Gut renovation. What should I know before we start?
Replies: 29
Views: 2488

Re: Gut renovation. What should I know before we start?

If you have the land for it, consider a ground based heat pump. Redo the ducts and have a great HVAC person design them. Most likely your current ducts are sub-optimal. Easy to get ducts right now; PITA later. I would use triple glazed windows. Surprisingly not much more expensive than double. Use ...
by Tamarind
Sat Aug 29, 2020 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Gut renovation. What should I know before we start?
Replies: 29
Views: 2488

Re: Gut renovation. What should I know before we start?

Make sure your contract with the general contractor provides that you will receive signed lien waivers from all subs before paying any invoices. Be careful that you don't pay much if any in advance, a quality gc will not require a bunch of money up front. Be prepared to inspect the work several tim...
by Tamarind
Sat Aug 29, 2020 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Gut renovation. What should I know before we start?
Replies: 29
Views: 2488

Re: Gut renovation. What should I know before we start?

hoffse wrote: Sat Aug 29, 2020 6:13 am Make sure you find a really good GC, preferably one that has similar views about money as you do.
Thanks so much for all your invaluable advice, especially this.
by Tamarind
Sat Aug 29, 2020 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Gut renovation. What should I know before we start?
Replies: 29
Views: 2488

Re: Gut renovation. What should I know before we start?

This is a massive undertaking and the house will not be livable for many months. Reno costs of $170k plus current appraised value of $275k = $445k. What will house appraise for when reno is complete? Probably nowhere near that high. I suggest you consider looking for existing or new homes in $445k ...
by Tamarind
Sat Aug 29, 2020 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Gut renovation. What should I know before we start?
Replies: 29
Views: 2488

Re: Gut renovation. What should I know before we start?

We did something that sounds similar about 2 years ago having lived in our house for 25 years. You will have the advantage from having lived in the house of knowing what should be fixed from a design standpoint. Most important is to have a good design and contractor. I do agree with the post to che...
by Tamarind
Sat Aug 29, 2020 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Gut renovation. What should I know before we start?
Replies: 29
Views: 2488

Re: Gut renovation. What should I know before we start?

$275k in current scruffy state in ..... Our budget including reserves is $170k, Combined that is $445K. If everything goes well when you are done you will have a 1,400 square foot 52 year old house that has been nicely remodeled. There may still be unremodeled houses in that neighborhood which will...
by Tamarind
Sat Aug 29, 2020 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Gut renovation. What should I know before we start?
Replies: 29
Views: 2488

Re: Gut renovation. What should I know before we start?

1. Make good drawings on graph paper of what you want done in each area and phase. IE: draw a floor plan of the master bathroom before and after. 2. Make detailed lists and descriptions of what you want done and where. IE: Description of what you want done in the master bathroom. Brand and type of ...
by Tamarind
Fri Aug 28, 2020 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: Gut renovation. What should I know before we start?
Replies: 29
Views: 2488

Gut renovation. What should I know before we start?

Appreciate any advice from those who have been there before me. DW and I are getting ready for a major renovation next year. We lived with the house and its 52-yr old materials as is for 10 years and have refined our to do list over that time. Part of the roof is being redesigned for sure, all new w...
by Tamarind
Thu Aug 27, 2020 7:32 pm
Forum: Personal Consumer Issues
Topic: Bee keeping
Replies: 64
Views: 3406

Re: Bee keeping

Oh, that reminds me of two suggestions: * Imo the best smoker fuel is the compressed pine pellets sold as horse bedding. Easy to light, smolders for a long time, cheap. * I suggest a jacket with a "hood" style head covering. The rigid plastic mesh won't flop against your face or ride up like veils d...
by Tamarind
Thu Aug 27, 2020 5:10 pm
Forum: Personal Consumer Issues
Topic: Bee keeping
Replies: 64
Views: 3406

Re: Bee keeping

I keep also, currently 3 hives in my backyard though I've had up to 12 off-site when I was deciding if I wanted to make a side hustle of it 10 years ago. I don't, it's better as a hobby for me. Beekeeping for Dummies is a great first book and written by an excellent and well respected member of the ...
by Tamarind
Thu Aug 27, 2020 1:30 pm
Forum: Personal Consumer Issues
Topic: $40k Hardwood Floors Gone Wrong - Help!
Replies: 43
Views: 4842

Re: $40k Hardwood Floors Gone Wrong - Help!

Here's my opinion. This is the general contractor's responsibility, as they are the person in charge of coordinating materials with labor. If you had a separate GC and they authorized the flooring company to go ahead with the wrong color, you'd be taking compensation out of the GC. Since your DW is ...
by Tamarind
Sun Aug 16, 2020 5:33 pm
Forum: Personal Investments
Topic: Should I convert Traditional IRA/401(k) to Roth?
Replies: 10
Views: 850

Re: Should I convert Traditional IRA/401(k) to Roth?

If you have a predicted period of lower income in the future, IMO you should convert then, not now.

You could open a Roth IRA and contribute (via backdoor if needed) until then, on top of maxing that 401k. Can you roll your tIRA into the 401k to enable that?
by Tamarind
Fri Aug 14, 2020 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1884
Views: 462079

Re: Share your net worth progression

Investible net worth (no home equity) now north of $500k. It feels like, after 10 years of really focused saving/investing, the slope of the curve is starting to tilt upward.

:sharebeer
by Tamarind
Fri Aug 14, 2020 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401K: Rehash
Replies: 21
Views: 821

Re: Solo 401K: Rehash

E*Trade seems popular for your scenario. Flexibility is the biggest differentiator among the low/no cost providers.

I use Vanguard but I specifically did not need to do rollovers.
by Tamarind
Tue Aug 11, 2020 5:46 am
Forum: Personal Finance (Not Investing)
Topic: Advice needed on interesting PSLF situation - should we change course?
Replies: 39
Views: 3099

Re: Advice needed on interesting PSLF situation - should we change course?

Assuming we choose to just pay off the loans, any suggestions as to how aggressively to pay it off? Given the interest rate, immediately after maxing tax-deferred (401k/403b/etc, HSAs, backdoor Roth IRA). I'd pay that loan over any other kind of taxable savings. I'm curious, after refinancing the l...
by Tamarind
Sun Aug 09, 2020 8:58 am
Forum: Personal Consumer Issues
Topic: Used Gaming Desktop buying advice
Replies: 19
Views: 1143

Re: Used Gaming Desktop buying advice

This is my preferred tool for finding the right parts for budget: https://www.logicalincrements.com/
by Tamarind
Sat Aug 08, 2020 8:43 am
Forum: Personal Finance (Not Investing)
Topic: FIRE with major medical costs?
Replies: 35
Views: 2570

Re: FIRE with major medical costs?

ACA seems more likely than working for a small company for insurance. Unlike ACA plans, employer plans ARE affected by utilization rate and you can get into a situation where a small employer can't afford to keep you on their plan while a megacorp could.
by Tamarind
Sat Aug 08, 2020 6:09 am
Forum: Personal Finance (Not Investing)
Topic: Starting divorce process - how to succeed financially?
Replies: 79
Views: 10295

Re: Starting divorce process - how to succeed financially?

Get a great lawyer, but know in your own mind what is "enough" or fair so that you take it and go. Generally, a faster divorce will leave more of the marital assets intact to split. Only you know if his abusive behavior is likely to extend to dragging the whole thing out from spite or if he can be n...
by Tamarind
Wed Jul 29, 2020 6:15 pm
Forum: US Chapters
Topic: Master Thread for RTP, North Carolina Bogleheads Chapter
Replies: 66
Views: 36908

Re: Master Thread for RTP, North Carolina Bogleheads Chapter

Hi, New to the group. Is this local group still active? I don't see any posts in quite a while. I'm late getting back on the investing bandwagon after a 15 year absence and trying to play catch up for retirement, hopefully in 5 years. I look forward to connecting with some locals and learning about...
by Tamarind
Wed Jul 29, 2020 6:14 pm
Forum: Personal Investments
Topic: High net worth, volatility phobic investor seeking help
Replies: 84
Views: 5848

Re: High net worth, volatility phobic investor seeking help

I might recommend that Vera buy two or three different annuities, each with a different company. She can afford to buy an SPIA yielding $8k/month for under $2.5M, presumably for some larger but still fractional portion of her nest egg I bet she can get some with COLA. By doing so she can transfer th...
by Tamarind
Fri Jul 24, 2020 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: struggling to get a mortgage
Replies: 85
Views: 7678

Re: struggling to get a mortgage

honestly, i'm not trying to fast track wealth. i don't really want or need the money. i don't know what to do with what i currently have. i just want to play the game. i want to win. thats what i really want. i want the bank to look at me and say ya guy we trust you you're pre-approved go shopping ...
by Tamarind
Fri Jul 24, 2020 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: struggling to get a mortgage
Replies: 85
Views: 7678

Re: struggling to get a mortgage

You need income to get a mortgage. No one is going to lend to you so you can cover living expenses while you bootstrap a rental business from scratch, you have to provide the initial capital from your assets or employment. Do not take a margin loan. Do not try to manufacture fake business income fro...
by Tamarind
Thu Jul 23, 2020 6:29 am
Forum: Personal Investments
Topic: Roth IRA Idea: Burst my bubble
Replies: 35
Views: 4066

Re: Roth IRA Idea: Burst my bubble

For retiring early I'd recommend you both max out the Roths AND invest in a taxable account. Your choice is not S&P500 fund in Roth OR money market. It's S&P500 fund in Roth AND/OR S&P500 fund in taxable. While you can get at the Roth money early, it's also most valuable to leave it longer if you ca...
by Tamarind
Wed Jul 15, 2020 6:09 am
Forum: Personal Finance (Not Investing)
Topic: ISOs and AMT ... extension or amended return?
Replies: 22
Views: 677

Re: ISOs and AMT ... extension or amended return?

I agree you should file and pay now. The impact of ISOs on AMT is real, though there is also a large AMT exemption. Sounds like you have a very large payday coming, and the IRS would like some of that up front.
by Tamarind
Tue Jul 14, 2020 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Helping our Adult Child Buy a Home
Replies: 72
Views: 5668

Re: Helping our Adult Child Buy a Home

OP, I was an adult child who recieved a down payment as an unofficial loan and a parent as co-signer. I could not have bought my (much more modest) home at that time without the assistance. A few months after closing I lost my job and scraped and rented rooms and reduced retirement contributions to ...
by Tamarind
Mon Jul 13, 2020 6:37 am
Forum: Investing - Theory, News & General
Topic: Article: Investors-face-a-scary-out-of-whack-scenario...
Replies: 13
Views: 2014

Re: Article: Investors-face-a-scary-out-of-whack-scenario...

This is precisely the point of indexing, IMO. Index fund holders got the benefit of the "big 5" performance without having to guess what the members of that group would be. And they will continue to benefit from it in the future even as the companies on top turn over, as they eventually will.
by Tamarind
Wed Jul 08, 2020 2:19 pm
Forum: Personal Investments
Topic: Do you ever feel you've missed out due to the 3-fund portfolio?
Replies: 125
Views: 9692

Re: Do you ever feel you've missed out due to the 3-fund portfolio?

Nope. I kept an eye on the stock picks I had prior to converting to three fund portfolio. They were chosen largely because my father thought those were recession proof sectors and they had fallen a lot in 2008. Absolutely horrendous performance. Only one has done well at all and at least one has gon...
by Tamarind
Wed Jul 08, 2020 5:50 am
Forum: Personal Investments
Topic: Am I oversaving?
Replies: 39
Views: 4357

Re: Am I oversaving?

You're doing very well. Two questions for you to consider: 1) What impact might long term inflation have on your income streams? If your pension is not COLAd, will you eventually fall behind your needed income? Rents have recently greatly exceeded inflation but this may or may not continue. Your inv...
by Tamarind
Tue Jul 07, 2020 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Long Term Disability for Early Career
Replies: 2
Views: 286

Re: Long Term Disability for Early Career

There are a number of threads on this topic well worth reading. I looked a lot like you at 26. Personally, I carry an LTD policy because 1) I am married and my income is needed and 2) My job requires a lot of specific cognitive skills and any injury/illness causing brain fog would probably end my ca...