Search found 1393 matches

by Tamarind
Mon Jun 17, 2019 8:31 am
Forum: Personal Investments
Topic: My Retirement "Catch Up" plan. Please help/critique.
Replies: 23
Views: 3150

Re: My Retirement "Catch Up" plan. Please help/critique.

Thank you for the suggestions. And so now, here is my latest breakdown. Old 401k = BlackRock Russell 3000 Index = 50% (0.34% expense) New 401k = Nationwide S&P 500 Index Svc (GRMSX) (1.77% expense) Roth IRA = Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) HSA = Vanguard Wellington Ad...
by Tamarind
Mon Jun 10, 2019 6:05 am
Forum: Personal Consumer Issues
Topic: Sports classes in Universities
Replies: 60
Views: 3315

Re: Sports classes in Universities

In the mid 00s at a top tier state flagship, I was required to pass a swim test to graduate. A number of single credit PE classes were available and students were encouraged to take at least one. I took a more advanced swimming course to learn strokes one semester, and weight training another semest...
by Tamarind
Mon Jun 10, 2019 6:01 am
Forum: Personal Finance (Not Investing)
Topic: Please critique my budget
Replies: 8
Views: 859

Re: Please critique my budget

I suspect you may have spent a bit too much on the house. Otherwise probably fine.

This would work better as % of gross income, honestly, because then we can see how tax-efficient you are and actually calculate your savings rate.
by Tamarind
Sun Jun 09, 2019 5:49 am
Forum: Personal Investments
Topic: 7% callable - Structured Investment/Note
Replies: 30
Views: 2422

Re: 7% callable - Structured Investment/Note

You have more than 1 adviser and participate on this forum? Fascinating. Apologies!! I do not have any advisors personally. Two different potential/prospect advisors approached me with this and I am not familiar with structured notes and hence wanted to get feedback here.. Aside from the underlying...
by Tamarind
Sat Jun 08, 2019 6:08 am
Forum: Personal Investments
Topic: Moving from Rat Race to FIRE, Near All-Time Highs (Best Way to Invest Account Sitting in 100% Cash)
Replies: 35
Views: 5941

Re: Moving from Rat Race to FIRE, Near All-Time Highs (Best Way to Invest Account Sitting in 100% Cash)

You are waiting for the pullback. What did you think that was last week? You've clearly missed it and now stocks will rise forever. :twisted: In seriousness, if we turn out to have been near all-time highs in retrospect 30 years from now, your retirement will have to come to an end pretty soon. Mine...
by Tamarind
Sat Jun 08, 2019 5:38 am
Forum: Personal Finance (Not Investing)
Topic: ReFi home to get 3.5% interest rate?
Replies: 31
Views: 3036

Re: ReFi home to get 3.5% interest rate?

A common guideline is to refinance for 1% reduction in rate. I might refi for less if it was low cost, but given your state tax situation I don't think it's low cost.

I probably wouldn't do it if I were you. You already have a quite good rate.
by Tamarind
Wed Jun 05, 2019 5:22 am
Forum: Personal Consumer Issues
Topic: Buying Burial Plot in advance
Replies: 53
Views: 2691

Re: Buying Burial Plot in advance

Definitely not an investment. Remember that an investment should yield you some return in proportion to its productivity. A burial plot produces nothing, particularly as the land can not be used for anything else. Trying to buy one to sell it for more to someone else would be speculation. However pl...
by Tamarind
Tue Jun 04, 2019 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: Paying half of my paycheck on health insurance?
Replies: 63
Views: 4447

Re: Paying half of my paycheck on health insurance?

Not strictly true... having access to an affordable employer plan makes you ineligible for a subsidy. "Affordable" means your share of the coverage is less than 9.56% of your household income. So, if the employer plan is obscenely expensive (as the OP originally asserted) then you can still get the...
by Tamarind
Tue Jun 04, 2019 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Is it Wise to Remove Escrow if Bank Allows it?
Replies: 87
Views: 5411

Re: Is it Wise to Remove Escrow if Bank Allows it?

I also quit using escrow when I refinanced. I see no reason why anyone but me should earn interest on the cash that will pay those bills. I also found that paying my own insurance bill helped remind me to review insurance costs and consider changing carriers more often, so it also saved me money. Fo...
by Tamarind
Tue Jun 04, 2019 6:16 am
Forum: Personal Finance (Not Investing)
Topic: Critique of Saving/Investing/Life Plan for 21 Year Old
Replies: 18
Views: 1545

Re: Critique of Saving/Investing/Life Plan for 21 Year Old

If it's a 4-year, you have 1 year already and you leave right after reaching 2 years, then you are vested in 25% of the match as it goes into your account ($300/year). On the day you hit 2 years another $300 of the match becomes yours and you are vested in 50% of every new matching contribution, et...
by Tamarind
Mon Jun 03, 2019 6:44 am
Forum: Personal Finance (Not Investing)
Topic: Laid off/Housing Advice
Replies: 30
Views: 3985

Re: Laid off/Housing Advice

another thing to consider that I haven't seen mentioned here, is that if you go uninsured for more than 60 days, you no longer have a "qualifying life event" under which to purchase health insurance via the healthcare.gov marketplace. basically, you won't be able to buy anything that's legally cons...
by Tamarind
Mon Jun 03, 2019 6:25 am
Forum: Personal Finance (Not Investing)
Topic: Critique of Saving/Investing/Life Plan for 21 Year Old
Replies: 18
Views: 1545

Re: Critique of Saving/Investing/Life Plan for 21 Year Old

Ok, in that case, contributing 4% will earn you the full match, and you'll get to keep at least 0.5% no matter when you leave. I would contribute enough to get the match as free money is not to be passed up. Then max your Roth for sure. So I would need to put in 60,000*.04 = $2,400, which they woul...
by Tamarind
Sun Jun 02, 2019 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Critique of Saving/Investing/Life Plan for 21 Year Old
Replies: 18
Views: 1545

Re: Critique of Saving/Investing/Life Plan for 21 Year Old

You mention a 50% match. Those usually have a cap - like 50% of 6% - that tells you the real max match. What's yours? Just dug into this - the match is 50% of the first 4%. Taking a look at the fund offerings, they don't look great. There's a very limited selection of index funds, and exposure to o...
by Tamarind
Sun Jun 02, 2019 8:25 am
Forum: Personal Investments
Topic: Look at my 401k?
Replies: 12
Views: 724

Re: Look at my 401k?

I strongly suggest migrating your solo 401k to Vanguard. I find it easy to set up and easy to contribute to and when I called with a question the customer service rep was extremely friendly and knowledgeable. Cost? $0. Why would you pay 1% annually for something you can get for free?
by Tamarind
Sun Jun 02, 2019 7:03 am
Forum: Personal Finance (Not Investing)
Topic: NQ plan [How to handle Non-Qualified plan when leaving employer]
Replies: 6
Views: 402

Re: NQ plan

I suggest updating your title so it's easier for people to know what you are looking for while skimming. Something like "how to handle non-qualified plan when leaving employer"?
by Tamarind
Sun Jun 02, 2019 6:53 am
Forum: Personal Finance (Not Investing)
Topic: How to best tax-advantage pre-ipo stock for kids?
Replies: 4
Views: 371

Re: How to best tax-advantage pre-ipo stock for kids?

Private stock transfers are governed by the company stock plan that gave you those options, RSUs, etc. It is common for there to be restrictions on transfer, so read your stock plan, then call the company. Common provisions include things like company having right of first refusal of a transfer, com...
by Tamarind
Sat Jun 01, 2019 7:56 am
Forum: Personal Consumer Issues
Topic: Painting Cabinets - Is it that hard ?
Replies: 38
Views: 2936

Re: Painting Cabinets - Is it that hard ?

I'm doing mine now as they are approaching end of life (1968 plywood) and we just want to brighten up the kitchen for a couple of years while we same for the reno. Painting cabinets takes a LOT of time. Painting them so they look great is a good deal harder, IMO, than painting walls. $2k is not an u...
by Tamarind
Sat Jun 01, 2019 6:37 am
Forum: Personal Finance (Not Investing)
Topic: Critique of Saving/Investing/Life Plan for 21 Year Old
Replies: 18
Views: 1545

Re: Critique of Saving/Investing/Life Plan for 21 Year Old

OP, you should still contribute any investable money left over after maxing Roth and paying as planned on student loans to your 401k. The match vesting is what it is, but there's still benefit from an unmatched contribution. Since you don't have an exact plan to move yet, it'll do you no harm and yo...
by Tamarind
Fri May 31, 2019 6:30 am
Forum: Personal Finance (Not Investing)
Topic: Buying a home and renting out the extra bedrooms
Replies: 22
Views: 2414

Re: Buying a home and renting out the extra bedrooms

I did this for a couple of years. It helped keep me afloat when my employer folded after I bought the house and I had to take a pay cut at the new job. It's much more work than being the lead tenant on a multi-room lease. I would not suggest someone else to do it unless it looked to actually be prof...
by Tamarind
Fri May 31, 2019 6:00 am
Forum: Personal Finance (Not Investing)
Topic: How to preserve $10M+ in wealth owned by unsophisticated people?
Replies: 82
Views: 14403

Re: How to preserve $10M+ in wealth owned by unsophisticated people?

Have your mother provide for you in trust rather than outright to keep your inheritance out of your estate and to protect it against your creditors and spouses. You can provide for your wife and children in trust rather than outright for the same reasons. +1 Bsteiner knows his stuff, and the trust ...
by Tamarind
Wed May 29, 2019 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: New babies, NICU stay, post-partum complications & Insurance
Replies: 24
Views: 2232

Re: New babies, NICU stay, post-partum complications & Insurance

I agree with those above it sounds like you should get them added to your insurance ASAP. Don't risk having to swap their coverage after the 30-day window. Glad to hear your wife is recovering well. Probably a good time to get her on your stable insurance too as she'll need follow up visits after al...
by Tamarind
Wed May 29, 2019 9:51 pm
Forum: Personal Investments
Topic: Partial month employment still allows full month HSA contribution?
Replies: 1
Views: 144

Re: Partial month employment still allows full month HSA contribution?

Yes, I did precisely this last year when switching from a company that offered an HDHP to one that did not. If you are covered by the plan on the first day of a month, you are considered covered for the month when calculating your allowable contribution. See here to get it straight from the IRS: htt...
by Tamarind
Wed May 29, 2019 7:26 pm
Forum: Personal Consumer Issues
Topic: Hyundai Sonata for college.
Replies: 31
Views: 2029

Re: Hyundai Sonata for college.

My first car was a 100k mile hand me down, got it when I graduated. From college. I'm 33 so this is not an "old-timer" story. No reason for a kid living on campus or anywhere nearby to have a car. What my parents did do to "spoil" me instead, which I greatly appreciated, was to give me the cash they...
by Tamarind
Wed May 29, 2019 6:25 am
Forum: Personal Investments
Topic: Is this a good long-term portfolio?
Replies: 37
Views: 3053

Re: Is this a good long-term portfolio?

OP, I'm not going to argue with you about bonds, since you are getting plenty of that up thread. Personally I am 75 stock/25 bond. I think the size and maturity of the public bond market as a fraction of world financial markets alone argues for some allocation to bonds for those who want to "own the...
by Tamarind
Mon May 27, 2019 5:01 pm
Forum: Personal Consumer Issues
Topic: Anybody try the Blue Apron or the like?
Replies: 77
Views: 5643

Re: Anybody try the Blue Apron or the like?

Used it for the free trial twice, as several friends had it. Lots of packaging waste, which I didn't like Meals were just fine, liked the recipes and the directions. Between the cost and the packaging waste I concluded it would be much better to just try to expand cooking ideas by looking at stuff ...
by Tamarind
Mon May 27, 2019 6:33 am
Forum: Personal Finance (Not Investing)
Topic: Debt vs Savings
Replies: 47
Views: 4387

Re: Debt vs Savings

OP it's great that you've realized that your have some slush spending in there that you weren't counting. I completely understand about food, I love to eat well also and it's a luxury category for me. I don't think you can afford that luxury right now. 11% interest is so bad that, given you have a s...
by Tamarind
Fri May 24, 2019 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: 4M 70K expenses would you stop?
Replies: 105
Views: 10736

Re: 4M 70K expenses would you stop?

Yes, unless their job (s) provides most of their satisfaction in life. My personal early retirement target, with projected expenses of $75k including tax, is $2.5M. Unless they really love their jobs more than anything else, continuing to work past 50x expenses is a waste of years of life that shoul...
by Tamarind
Wed May 22, 2019 7:33 pm
Forum: Personal Investments
Topic: Frozen by uncertainty, really want to unfreeze
Replies: 34
Views: 3290

Re: Frozen by uncertainty, really want to unfreeze

Wow, I'm blown away by both the quantity and sheer quality of the responses here. I want to thank all of you tremendously for the help and advice you have been offering. I want to answer several of your questions in order to give everyone the clearest picture possible, and I intend to do so tonight...
by Tamarind
Wed May 22, 2019 6:20 am
Forum: Personal Investments
Topic: Frozen by uncertainty, really want to unfreeze
Replies: 34
Views: 3290

Re: Frozen by uncertainty, really want to unfreeze

Yes, we need to know a little more about your expenses to advise. Let us know what the major categories in your monthly budget are, and how much you usually have left over. Also tell us about the amounts and rates of all your debts. You might benefit from an advisor, but it needs to be someone who o...
by Tamarind
Wed May 22, 2019 6:03 am
Forum: Personal Finance (Not Investing)
Topic: Health Shares - Need your opinion!?
Replies: 42
Views: 2215

Re: Health Shares - Need your opinion!?

In your shoes I would switch to ACA bronze coverage. It's real insurance, and has the benefit of a cap to premiums based on your income. It'll have a similar deductible, several K but not back breaking. And you'll get some tax benefit from a family HSA that you don't get with the health share. You a...
by Tamarind
Tue May 21, 2019 6:04 pm
Forum: Personal Consumer Issues
Topic: Recently promoted - how to match image with title?
Replies: 54
Views: 4898

Re: Recently promoted - how to match image with title?

Guy here, but I have had similar thoughts/questions (though at 31 I am still an individual contributor). I find myself overlooked at some meetings and events which was fine until now but I feel like I need to be taken a little more seriously going forward as I will be in front of clients even more ...
by Tamarind
Tue May 21, 2019 5:52 am
Forum: Personal Investments
Topic: request for advice on porfolio from new retiree
Replies: 3
Views: 523

Re: request for advice on porfolio from new retiree

Congratulations on your upcoming retirement! First: does this portfolio make sense? Also, can (or should) it be simplifies and, if so, how? Second, after June 30 I will have a TIAA IRA account that I want to bring over to Vanguard and am wondering if you have suggestions how and where to invest it. ...
by Tamarind
Fri May 17, 2019 6:04 am
Forum: Personal Finance (Not Investing)
Topic: recruiting firms in NC Research Triangle or Richmond, VA
Replies: 4
Views: 650

Re: recruiting firms in NC Research Triangle or Richmond, VA

RTP is not the Bay Area, but there is a lot of demand for tech & research, and you cannot beat the quality of life here for the cost of living, IMO. Most of the recruiters who operate here that I have talked to are national or regional firms, though some have local offices, but there are also "bouti...
by Tamarind
Fri May 10, 2019 5:22 am
Forum: Personal Investments
Topic: I Don't See Great Benefits to ROTH Conversion for Us. Help Me
Replies: 52
Views: 5803

Re: I Don't See Great Benefits to ROTH Conversion for Us. Help Me

You intend to retire in 2 years. You currently have no taxable accounts. You may have some amount of Roth accounts from previous/current conversions. You want to minimize your income to avoid the ACA cliff. [...] You're right, there is no benefit to paying the taxes to convert traditional funds to ...
by Tamarind
Fri May 10, 2019 5:01 am
Forum: Personal Investments
Topic: tax efficient lazy portfolio strategies
Replies: 12
Views: 1865

Re: tax efficient lazy portfolio strategies

OP, we don't do a lot of stickies here, but use the wiki instead: https://www.bogleheads.org/wiki/Tax-eff ... _placement
by Tamarind
Fri May 10, 2019 4:01 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity: can no longer use first initial, middle name
Replies: 45
Views: 6038

Re: Fidelity: can no longer use first initial, middle name

I personally have a strong preference to have my name presented in a form with no honorific at all, yet dozens of websites force me to choose from a list (Mr/Ms/Mrs/Miss/Dr/Rev, etc. etc.), do not offer a "none" option, and will not accept the form unless I pick one. I ran into that the other day o...
by Tamarind
Thu May 09, 2019 7:02 am
Forum: Personal Finance (Not Investing)
Topic: All out of carrots [Looking for future advancement possibilities]
Replies: 22
Views: 2425

Re: All out of carrots [Looking for future advancement possibilities]

You will not find similar carrots for clearly defined roles in the private sector IMO. Nor will you find predictable annual raises, in most cases, let alone raises above 3% without a change in title. In private sector, short of medical specialities, typically you must have a scarce technical skill, ...
by Tamarind
Wed May 08, 2019 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: where to keep "extra" money?
Replies: 19
Views: 2234

Re: where to keep "extra" money?

If whatever you might go with it is either 5+ years off or can be postponed indefinitely, them go with a taxable brokerage at your normal AA. In my case I am saving for a home reno which has no hard timeline but can't wait forever since we want to enjoy it. For this I use a HY savings account (at Al...
by Tamarind
Wed May 08, 2019 11:56 am
Forum: Personal Investments
Topic: Stopped an IRA transfer because being forced into brokerage account
Replies: 31
Views: 2505

Re: Stopped an IRA transfer because being forced into brokerage account

It's been several years since Vanguard allowed the opening of new non-brokerage accounts. I'm not sure what you were expecting, OP. As someone who's been on the new brokerage account structure from the beginning, I haven't noticed any issues and not sure what all the fuss is about. I can have contri...
by Tamarind
Wed May 08, 2019 7:09 am
Forum: Personal Investments
Topic: Help a newcomer!
Replies: 5
Views: 792

Re: Help a newcomer!

What a lovely gift! I agree that as with most windfalls you should resist the urge to change how you spend, since your income hasn't changed. With the exception of using some for a home down payment in ~5 years, our goal is to invest the rest for decades, for our own retirement, or perhaps for our k...
by Tamarind
Wed May 08, 2019 6:14 am
Forum: Personal Investments
Topic: I Don't See Great Benefits to ROTH Conversion for Us. Help Me
Replies: 52
Views: 5803

Re: I Don't See Great Benefits to ROTH Conversion for Us. Help Me

You've summarized the situation really well. It's typically difficult to make Roth conversions at an attractive rate while one is working, and often the benefit is mostly received by a surviving spouse. Let's focus on on your early retirement period. Are you interested in retiring earlier than plann...
by Tamarind
Mon May 06, 2019 6:51 am
Forum: Personal Finance (Not Investing)
Topic: Marriage or No Marriage? (Home, children, HSA, IRA, etc.)
Replies: 62
Views: 5046

Re: Marriage or No Marriage? (Home, children, HSA, IRA, etc.)

Very helpful. Thank you. What about Back-Door Roth contributions, could I invest 12,000 total (6,000 for each of us) if we are married? Or would each have to do 6,000 through their own account? Seems like HSA I can contribute for both but wondering if Back Door Roth is different? :? IRAs are always...
by Tamarind
Sun May 05, 2019 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage or No Marriage? (Home, children, HSA, IRA, etc.)
Replies: 62
Views: 5046

Re: Marriage or No Marriage? (Home, children, HSA, IRA, etc.)

I think the financial and legal benefits of marriage are significant. I would particularly highlight the automatic presumption of paternity. I seem to recall reading that guys have been obligated to pay child support for children born to their wives while they were married even when DNA shows they ...
by Tamarind
Sat May 04, 2019 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage or No Marriage? (Home, children, HSA, IRA, etc.)
Replies: 62
Views: 5046

Re: Marriage or No Marriage? (Home, children, HSA, IRA, etc.)

Very helpful. Thank you. What about Back-Door Roth contributions, could I invest 12,000 total (6,000 for each of us) if we are married? Or would each have to do 6,000 through their own account? Seems like HSA I can contribute for both but wondering if Back Door Roth is different? :? IRAs are always...
by Tamarind
Sat May 04, 2019 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage or No Marriage? (Home, children, HSA, IRA, etc.)
Replies: 62
Views: 5046

Re: Marriage or No Marriage? (Home, children, HSA, IRA, etc.)

Not sure what's right for you. You can always choose to get married later. You cannot so easily change your mind the other way. I think the financial and legal benefits of marriage are significant. I would particularly highlight the automatic presumption of paternity. For someone with significantly ...
by Tamarind
Sat May 04, 2019 2:05 pm
Forum: Personal Investments
Topic: Too much stock!
Replies: 10
Views: 1607

Re: Too much stock!

Sell stock and buy bonds in your 401k or IRA
by Tamarind
Sat May 04, 2019 7:04 am
Forum: Personal Consumer Issues
Topic: College/life prep for young kids
Replies: 79
Views: 6235

Re: College/life prep for young kids

While not explicitly college related, my favorite advice (based on observation and my childhood as I don't have any of my own yet) for parenting kids who will launch is to make the kids progressively responsible for their choices, and for their own budget line items, starting as soon as they can cou...
by Tamarind
Fri May 03, 2019 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Dumb idea? [buy a condo to rent]
Replies: 37
Views: 3358

Re: Dumb idea? [buy a condo to rent]

Nope nope nope. Way too much leverage. Vacation rentals are not easy money, they are a job. Would you like to take on second job that comes with 6 figures of debt? Also vacation real estate is, IMO, not the same quality of asset as full-time residential real estate. Tastes change, areas go in and ou...
by Tamarind
Fri May 03, 2019 7:41 am
Forum: Investing - Theory, News & General
Topic: Wouldn't this make Traditional IRA far superior to Roth?
Replies: 82
Views: 7833

Re: Wouldn't this make Traditional IRA far superior to Roth?

For many folks with 401ks, the traditional IRA contribution is not tax-deductible. So the comparison is between taxed growth and tax-free growth, only.
by Tamarind
Thu May 02, 2019 12:56 pm
Forum: Investing - Theory, News & General
Topic: “If Some Part Of Your Portfolio Isn’t Performing Poorly, You Are Not Properly Diversified”
Replies: 34
Views: 2529

Re: “If Some Part Of Your Portfolio Isn’t Performing Poorly, You Are Not Properly Diversified”

I think this quote should be recited to each new poster who questions the value of international because it has been underperforming.