Search found 31256 matches

by KlangFool
Thu Mar 28, 2024 11:30 am
Forum: Non-US Investing
Topic: Short investment window and retiring soon
Replies: 14
Views: 774

Re: Short investment window and retiring soon

Your short window probably is not really a short window. I assume you plan on living a few decades after retirement. You should choose your asset allocation (AA) based on your needs. Since you have not held equities previously, you do not really know how you will react with the next crash. You need an AA that meets your needs and also allows you to stay the course. You don't give enough info to provide more specific help. I would not recommend 100% equities. I would hold at least 25% in bonds. What if during a market crash I'm able to live completely without my portfolio? Like on my Pension plus a rental property. So I would be able to comfortably ride a bear market. Do you think there would still be need for bonds? Luxan, In a recession, ...
by KlangFool
Wed Mar 27, 2024 10:54 am
Forum: Personal Finance (Not Investing)
Topic: 401k Roth vs. Pre-Tax...again
Replies: 6
Views: 385

Re: 401k Roth vs. Pre-Tax...again

OP,

1) What is your current tax deferred account size?

2) Not all your annual 100K to 150 contribution are to the tax deferred account.

3) Take (1) and divide by 25. Are you in 32% marginal tax rate with that tax deferred account size?

4) To reach 32% tax bracket, your tax deferred account size needs to be at least 380K X 25 ~ 10 millions. Aka, 8 figures.

5) Are you there yet?

KlangFool
by KlangFool
Wed Mar 27, 2024 10:18 am
Forum: Personal Finance (Not Investing)
Topic: $90K 48 mos loan at 3% OR outright purchase
Replies: 44
Views: 2156

Re: $90K 48 mos loan at 3% OR outright purchase

Pay cash. It's a good habit to pay cash for luxury good. If you can't stand the pain, you can't afford it. KlangFool I (positively) like the simplicity of thought about how to think of luxury goods. But it’s not about the pain (affordability) … but a bit of reluctance (pain? :shock: ) due to the potential lost opportunity with an investment. :sharebeer Domadosolo, It is the same thing. When you take a loan and spread out the payment, you do not feel the total pain. This is not good for you. And, it fosters a bad habit. Aka, I do not have pay it with one lump sum. I can spread it out. It is a slippery slope from then on. KlangFool P.S.: You are throwing a lot of money (90K) away. And, if you can afford it, why worry about the small opportun...
by KlangFool
Wed Mar 27, 2024 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Home Purchase with Undetermined Timeline
Replies: 21
Views: 1175

Re: Home Purchase with Undetermined Timeline

OP, Annual expense = 65K per year. Assuming that your financially independent number is 30X = 2 millions. At your current pace, you do not have 30+ years to go. Starting at 160K and save 40K per year At an average annual return of 5%, you will reach 2 millions in 22 years At an average annual return of 6%, you will reach 2 millions in 20+ years At an average annual return of 7%, you will reach 2 millions in 19 years At an average annual return of 8%, you will reach 2 millions in 17+ years Starting Net Worth $160,000 Annual Savings $40,000 Years Annual Return Rate 17 18 19 20 21 22 5.00% $1,400,338 $1,510,354 $1,625,872 $1,747,166 $1,874,524 $2,008,250 6.00% $1,559,359 $1,692,920 $1,834,496 $1,984,565 $2,143,639 $2,312,258 7.00% $1,739,019 ...
by KlangFool
Wed Mar 27, 2024 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Home Purchase with Undetermined Timeline
Replies: 21
Views: 1175

Re: Home Purchase with Undetermined Timeline

OP, Annual expense = 65K per year. Assuming that your financially independent number is 30X = 2 millions. At your current pace, you do not have 30+ years to go. Starting at 160K and save 40K per year At an average annual return of 5%, you will reach 2 millions in 22 years At an average annual return of 6%, you will reach 2 millions in 20+ years At an average annual return of 7%, you will reach 2 millions in 19 years At an average annual return of 8%, you will reach 2 millions in 17+ years Starting Net Worth $160,000 Annual Savings $40,000 Years Annual Return Rate 17 18 19 20 21 22 5.00% $1,400,338 $1,510,354 $1,625,872 $1,747,166 $1,874,524 $2,008,250 6.00% $1,559,359 $1,692,920 $1,834,496 $1,984,565 $2,143,639 $2,312,258 7.00% $1,739,019 $...
by KlangFool
Wed Mar 27, 2024 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Home Purchase with Undetermined Timeline
Replies: 21
Views: 1175

Re: Home Purchase with Undetermined Timeline

Thank you for the reply. Investing it according to asset allocation seems like the logical thing to do. However, my asset allocation was chosen with a long-term goal of retirement in 30+ years in mind. Do I need to adjust the overall asset allocation now or keep the "house" money separate at something more conservative? I don't want to fall into "mental accounting" and I think I would get anxious if "house" money was invested and fluctuated versus having one portfolio. ShovelPilot, 1) Unless you can predict your future, how do you know that you will retire in 30+ years? 2) What is your annual savings/investment? 3) What is your current portfolio size? 4) What is your current asset allocation? 5) The efficient ...
by KlangFool
Wed Mar 27, 2024 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Home Purchase with Undetermined Timeline
Replies: 21
Views: 1175

Re: Home Purchase with Undetermined Timeline

ShovelPilot wrote: Wed Mar 27, 2024 7:59 am
It is an interest rate problem, technically. Because I could buy the house I want if the interest rate was lower.
ShovelPilot,

Not exactly. Even if the interest rate stays at the current level but the house's price drops by 50%, you can afford the house.

KlangFool
by KlangFool
Wed Mar 27, 2024 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Home Purchase with Undetermined Timeline
Replies: 21
Views: 1175

Re: Home Purchase with Undetermined Timeline

Thank you for the reply. Investing it according to asset allocation seems like the logical thing to do. However, my asset allocation was chosen with a long-term goal of retirement in 30+ years in mind. Do I need to adjust the overall asset allocation now or keep the "house" money separate at something more conservative? I don't want to fall into "mental accounting" and I think I would get anxious if "house" money was invested and fluctuated versus having one portfolio. ShovelPilot, 1) Unless you can predict your future, how do you know that you will retire in 30+ years? 2) What is your annual savings/investment? 3) What is your current portfolio size? 4) What is your current asset allocation? 5) The efficient ...
by KlangFool
Wed Mar 27, 2024 7:12 am
Forum: Personal Investments
Topic: House Down Payment Saved But Uncertain Timeline
Replies: 14
Views: 1032

Re: House Down Payment Saved But Uncertain Timeline

OP, 1) Why do you think you need to save for the house's 20% down payment? 2) In between your emergency fund and your annual savings, you should have enough money for the 20% down payment of the house that you can afford. So, why do you need to save for the 20% house down payment? 3) If and when you want to buy the house that you can afford, you can save for a few months to pay for the 20% down payment. 4) Please explain mathematically why do you need to save for the 20% house down payment? 5) What is the size of your emergency fund? 6) What is your annual savings/investment? 7) Pick your asset allocation. 8) Keep some money for your emergency fund. 9) Invest the rest. KlangFool Thanks for the insights, 1. I know 20% is a general guideline...
by KlangFool
Wed Mar 27, 2024 6:38 am
Forum: Personal Finance (Not Investing)
Topic: $90K 48 mos loan at 3% OR outright purchase
Replies: 44
Views: 2156

Re: $90K 48 mos loan at 3% OR outright purchase

Pay cash. It's a good habit to pay cash for luxury good. If you can't stand the pain, you can't afford it.

KlangFool
by KlangFool
Tue Mar 26, 2024 8:41 pm
Forum: Personal Investments
Topic: House Down Payment Saved But Uncertain Timeline
Replies: 14
Views: 1032

Re: House Down Payment Saved But Uncertain Timeline

OP,

1) Why do you think you need to save for the house's 20% down payment?

2) In between your emergency fund and your annual savings, you should have enough money for the 20% down payment of the house that you can afford. So, why do you need to save for the 20% house down payment?

3) If and when you want to buy the house that you can afford, you can save for a few months to pay for the 20% down payment.

4) Please explain mathematically why do you need to save for the 20% house down payment?

5) What is the size of your emergency fund?

6) What is your annual savings/investment?

7) Pick your asset allocation.

8) Keep some money for your emergency fund.

9) Invest the rest.

KlangFool
by KlangFool
Tue Mar 26, 2024 6:30 pm
Forum: Personal Consumer Issues
Topic: Fax setup - Not Electronic
Replies: 17
Views: 949

Re: Fax setup - Not Electronic

I haven’t used the fax feature on my Brother Multi Function Printer/ Scanner/Fax in a while. However it did have the ability to send a fax from a PC or Mac. Not sure if newer models support this software feature. 9Iron, Would you mind please provide us with the model number of your Brother device? Thanks. KlangFool My current device is MFC-L2470DW, but i had an older model and I may have used that one for faxing.. it’s been awhile since I sent a fax! Here is a link with info: https://support.brother.com/g/s/id/htmldoc/mfc/cv_dcpl2520dw/use/manual/index.html#GUID-C363974F-567A-44AB-A706-B07BB73F907E_315 https://support.brother.com/g/b/manualtop.aspx?c=us&lang=en&prod=mfcl2740dw_us_eu_as Those are fax capable Brother machines. Thanks...
by KlangFool
Tue Mar 26, 2024 6:00 pm
Forum: Personal Consumer Issues
Topic: Fax setup - Not Electronic
Replies: 17
Views: 949

Re: Fax setup - Not Electronic

Thanks everyone for your responses.very appreciative. The terms of my work is I can’t use something like e-fax or similar. Essentially, it needs to go through a fax machine. I believe the idea is that if I use e-fax for example, I had to have scanned and saved the doc on my pc first, which is considered a greater security risk. So I’m currently using vintage hooked up to my fax machine with a phone line going from the modem/router. However, after more troubleshooting, I altered a setting on the fax machine. I changed fax send speed from medium speed to slow speed. I have no idea what this means, but that fixed it! Thanks again It makes perfect sense. The VoIP is running voice compression algorithm that does not support high speed fax. Klan...
by KlangFool
Tue Mar 26, 2024 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Home Purchase with Undetermined Timeline
Replies: 21
Views: 1175

Re: Home Purchase with Undetermined Timeline

ShovelPilot wrote: Tue Mar 26, 2024 5:29 pm
So then my question is, if I can’t afford the house I want right now and it might take 3, 5, or more years to get what I want, should I just go back to investing and let the market decide when I get a house I like?
ShovelPilot,

What is the problem of renting the house?

You cannot afford to buy. But, it does not mean you cannot afford to rent.

KlangFool
by KlangFool
Tue Mar 26, 2024 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Home Purchase with Undetermined Timeline
Replies: 21
Views: 1175

Re: Home Purchase with Undetermined Timeline

OP, 1) Your age. 2) Current rent. 3) Why would you want to buy unless it is significantly cheaper than renting? 4) Why $2,400 per month makes any sense? Is your current rent = $3,600 per month? 5) Do not buy unless the PITI (20% down payment and 30 years fixed rate mortgage) is 20% to 30% lowered than renting. KlangFool 1. We are both 28. 2. Our current rent is $1575 but we will move soon regardless and rent will be at least $2000. No need to focus on the $1575 rent anymore. So what should I do with the cash I have saved if the numbers won’t work in your opinion? Invest it until the numbers work and continue investment contributions? That will be a pretty horizon, which I’m fine with, but I would appreciate the dialogue. ShovelPilot, "...
by KlangFool
Tue Mar 26, 2024 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Home Purchase with Undetermined Timeline
Replies: 21
Views: 1175

Re: Home Purchase with Undetermined Timeline

OP,

1) Your age.

2) Current rent.

3) Why would you want to buy unless it is significantly cheaper than renting?

4) Why $2,400 per month makes any sense? Is your current rent = $3,600 per month?

5) Do not buy unless the PITI (20% down payment and 30 years fixed rate mortgage) is 20% to 30% lowered than renting.

KlangFool
by KlangFool
Tue Mar 26, 2024 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Any advice on how to manaage cashflow when % of income is variable?
Replies: 39
Views: 1840

Re: Any advice on how to manaage cashflow when % of income is variable?

. My wife and I are frequently finding ourselves having to move money from a savings account to make up for a shortfall between pay periods. pejp1, Spend less. Adjust your spending based on your fixed salary of 300K instead of 445K of variable income. "Obviously we're not 'pay check to pay check', but we're at the point where our actual basic living expense including 401k, 529, HSA etc are probably in the $320k range. " You are living paycheck to paycheck of 300K income. There is nothing basic about living expense above 200K per year. "I expect that this situation will get somewhat easier when we're not paying for $25k a year in preschool. " It will not. You are in a system that spend first and save later. You will spen...
by KlangFool
Tue Mar 26, 2024 3:04 pm
Forum: Personal Consumer Issues
Topic: Fax setup - Not Electronic
Replies: 17
Views: 949

Re: Fax setup - Not Electronic

9Iron wrote: Tue Mar 26, 2024 1:49 pm I haven’t used the fax feature on my Brother Multi Function Printer/ Scanner/Fax in a while.

However it did have the ability to send a fax from a PC or Mac. Not sure if newer models support this software feature.
9Iron,

Would you mind please provide us with the model number of your Brother device?

Thanks.

KlangFool
by KlangFool
Tue Mar 26, 2024 1:43 pm
Forum: Personal Consumer Issues
Topic: Fax setup - Not Electronic
Replies: 17
Views: 949

Re: Fax setup - Not Electronic

OP,

1) Assuming that you have phone line.

2) You can buy a USB Fax modem

3) In Window 10/11, you can print/fax when the modem is plug into your computer.

4) The Fax modem driver is built-in.

5) I use this when I need to send something to someone and confirm that they receive it.

KlangFool
by KlangFool
Mon Mar 25, 2024 6:38 pm
Forum: Personal Investments
Topic: House 2027
Replies: 36
Views: 3216

Re: House 2027

OP,

Good luck! I am signing off this thread.

KlangFool
by KlangFool
Mon Mar 25, 2024 6:30 pm
Forum: Personal Investments
Topic: House 2027
Replies: 36
Views: 3216

Re: House 2027

I wouldn't put it in a 401k with the plan and intent of taking a loan on the 401k which would require me to pay back the principal with interest. Do you know what the interest rate would be for you on a 401k loan? hbdad, I hope that you understand in the case of 401K loan, the loan interest is going back to OP. OP is paying himself loan interest. https://www.investopedia.com/ask/answers/09/401k-loan.asp "Like any other type of debt, there are pros and cons involved in taking out a 401(k) loan. Some of the advantages include convenience and the receipt of the interest paid into your account. If you take out a 401(k) loan and you pay 7% interest on it, for example, that 7% is going back to your 401(k) because that is where the money cam...
by KlangFool
Mon Mar 25, 2024 5:59 pm
Forum: Personal Investments
Topic: House 2027
Replies: 36
Views: 3216

Re: House 2027

Famdamily22 wrote: Mon Mar 25, 2024 5:36 pm
Financial advisor told me a MM or mutual fund brokerage account could earn 5%. That could get us to the 110k or so. I could be way off but I am new to this stuff
Famdamily22,

If you contribute to the 401K instead, the financial advisor cannot make any money out of you. There is a conflict of interest here.

KlangFool
by KlangFool
Mon Mar 25, 2024 5:47 pm
Forum: Personal Investments
Topic: House 2027
Replies: 36
Views: 3216

Re: House 2027

Famdamily22 wrote: Mon Mar 25, 2024 5:37 pm
KlangFool wrote: Mon Mar 25, 2024 10:37 am.

OP should not buy the 400K house. He cannot afford it. But, if OP insist on buying the 400K house, paying 20+% taxes and use after-tax money to pay more into the mortgage is the bad way to go.

KlangFool
let’s say I am insistent. How do I save for a down payment? What if I asked you what price of house I can afford?
A) Max up your 401K and take the 20+% tax savings.

B) Why do you need to save for the down payment? There is enough home equity (70K) in your current house for the 20% down payment.

C) If you need even more money for the down payment, you can take a 401K loan from your 401K.

D) Who do you choose pay 20+% taxes and save the down payment in your taxable account?

KlangFool
by KlangFool
Mon Mar 25, 2024 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Underlying Auto Policy amount w/ a 1M umbrella?
Replies: 17
Views: 1271

Re: Underlying Auto Policy amount w/ a 1M umbrella?

DLAKE wrote: Mon Mar 25, 2024 12:06 pm Hello,

I recently purchased a home so I am shopping for insurance. I'm looking at Auto, Home, and 1M Umbrella w/ under and uninsured motorist. The Umbrella policies usually include an underlying policy requirement of 250/500 or 500/500 for Auto but depends on the carrier's policy. is 250/500 enough for the underlying policy if I have the 1M umbrella or should I consider with 500/500?

Thanks
DLAKE
DLAKE,

Ask whoever selling you the umbrella insurance as to the specific requirement. I buy all of the them from the same provider to get the multi-insurances discount.

KlangFool
by KlangFool
Mon Mar 25, 2024 10:37 am
Forum: Personal Investments
Topic: House 2027
Replies: 36
Views: 3216

Re: House 2027

Folks, 401K/IRA are not retirement accounts. They are tax advantaged accounts. They are tax management tools. You can get the money out tax free and penalty free before 59 1/2 years old. https://www.madfientist.com/how-to-access-retirement-funds-early/ OP has 36K to save and invest. A) Pay 20+% taxes and save 36K into the Money Market Fund in the the Taxable account. The amount is 36K per year. B) Contribute to his/her 401K/403B/457 and save at least 20% taxes (7.2K) plus 36K into money market fund at the 401K/403B/457. The amount is 43.2K per year. In both cases, we are not investing the money. They are kept in the Money Market Fund. After 3 years, OP will have more money with (B). OP has enough money for the 20% down payment from the curr...
by KlangFool
Sun Mar 24, 2024 6:50 pm
Forum: Investing - Theory, News & General
Topic: 10% cash position excessive?
Replies: 27
Views: 2691

Re: 10% cash position excessive?

adave wrote: Sun Mar 24, 2024 6:18 pm
I’m looking to retire in 15 years (62). There are combo of retirement accounts and taxable. 10% in SNAXX at 5.3-5.4% My portfolio if 50% VTI the rest in XLK, QQQM and SCHG. Returns have been great. I don’t want to get into numbers but portfolio is currently high 7 digit and house paid off.
adave,

We do not need the exact number. The question is how many years of current annual expense does this represents? 5 years? 10 years? 15 years? 20 years?

In most cases, 90/10 seems to be wrong asset allocation for you.

KlangFool
by KlangFool
Sun Mar 24, 2024 6:44 pm
Forum: Investing - Theory, News & General
Topic: 10% cash position excessive?
Replies: 27
Views: 2691

Re: 10% cash position excessive?

adave wrote: Sun Mar 24, 2024 6:35 pm Yes it has a great name.

My job is pretty stable and in fact offers part time WFH options. So part of me wants to semi-retire first at 60 or 62. Do enough work to qualify for health insurance.
adave,

Pretty stable does not mean you will not be unemployed in the coming recession...

KlangFool
by KlangFool
Sun Mar 24, 2024 6:27 pm
Forum: Investing - Theory, News & General
Topic: 10% cash position excessive?
Replies: 27
Views: 2691

Re: 10% cash position excessive?

OP,

If you are unemployed in the coming recession and both the stock and housing market crashes 50%,

A) How long can you lasts with that 10% cash?

B) How long can you lasts with your 90/10 portfolio?

C) Can you "Sleep Well At Night" (SWAN) with the answer to (A) and (B)?

KlangFool
by KlangFool
Sun Mar 24, 2024 5:46 pm
Forum: Personal Consumer Issues
Topic: What Toys Have You Bought That Have Been Worth it?
Replies: 256
Views: 18528

Re: What Toys Have You Bought That Have Been Worth it?

doobiedoo wrote: Sun Mar 24, 2024 5:18 pm
investingdad wrote: Sat Mar 23, 2024 6:50 am
doobiedoo wrote: Fri Mar 22, 2024 8:01 pm $45k for a violin. +$3.5k for a bow.
Both worth it.
Nice, pictures?
What is the story of the violin? Are you a professional musician?

I started playing about seven years ago and have documented on here. My violin was about a quarter of that and worth every penny.
FWIW, here's a pic of my violin.
doobiedoo,

Thank you. You just reminded me to sing more.

KlangFool
by KlangFool
Sun Mar 24, 2024 12:21 pm
Forum: Personal Investments
Topic: House 2027
Replies: 36
Views: 3216

Re: House 2027

I’m 36 and my wife is 30. Figured I would get it all out there to get some sound advice from everyone. Appreciate y’all! Famdamily22, 1) You will be "House Poor" when you buy the 400K house. 2) It is safer not to put more than 20% down payment into the house. And, take a 30 years fixed rate mortgage too. 3) It is cheaper not to take a more expensive student loan for your kids by not putting more money into the house. 4) Do not contribute to the 529s. You cannot afford it. 5) Why are you paying 20+% taxes and doing after-tax contribution to the 529s and Roth IRAs? 6) You should max up your and her 401Ks. "My wife is a public school teacher and will have a pension." 7) When will she be vested? "I hate banking on an i...
by KlangFool
Sun Mar 24, 2024 10:42 am
Forum: Personal Investments
Topic: House 2027
Replies: 36
Views: 3216

Re: House 2027

OP, It is a bad idea to have low mortgage on the new house. Either pay cash or just 20% down payment. KlangFool The way I see it is from a monthly budget perspective. We are looking for a house that is priced in today’s $ at around 400k. Our mortgage would be around $2,500 if we just paid down our current house. That’s $1,250 more than our current mortgage payment. To contribute to a 529 & Roth, we would need an affordable mortgage in the future. If we only put down 20%, our mortgage goes up to over $3,000… yikes! Famdamily22, "To contribute to a 529 & Roth, we would need an affordable mortgage in the future. If we only put down 20%, our mortgage goes up to over $3,000… yikes!" How does this makes any sense? If you do not...
by KlangFool
Sun Mar 24, 2024 10:14 am
Forum: Personal Investments
Topic: House 2027
Replies: 36
Views: 3216

Re: House 2027

Famdamily22 wrote: Sun Mar 24, 2024 10:00 am
I don’t want to be house poor and want the down payment to help lower our mortgage payment. That’s the only way I see it working.
Famdamily22,

You are "House Poor" when you buy the 400K house. Putting a larger down payment does not change that. In fact, it is not safe to put more money into the house when you are "House Poor".

A) What is your current portfolio size?

B) What is your annual savings/investment?

C) Why would you want to pay off or put more money into your house and then take a more expensive student loan for your kids?

KlangFool
by KlangFool
Sun Mar 24, 2024 9:35 am
Forum: Personal Investments
Topic: House 2027
Replies: 36
Views: 3216

Re: House 2027

OP, It is a bad idea to have low mortgage on the new house. Either pay cash or just 20% down payment. KlangFool The way I see it is from a monthly budget perspective. We are looking for a house that is priced in today’s $ at around 400k. Our mortgage would be around $2,500 if we just paid down our current house. That’s $1,250 more than our current mortgage payment. To contribute to a 529 & Roth, we would need an affordable mortgage in the future. If we only put down 20%, our mortgage goes up to over $3,000… yikes! Famdamily22, "To contribute to a 529 & Roth, we would need an affordable mortgage in the future. If we only put down 20%, our mortgage goes up to over $3,000… yikes!" How does this makes any sense? If you do not...
by KlangFool
Sun Mar 24, 2024 8:50 am
Forum: Personal Consumer Issues
Topic: What Toys Have You Bought That Have Been Worth it?
Replies: 256
Views: 18528

Re: What Toys Have You Bought That Have Been Worth it?

Whatisenough wrote: Sun Mar 24, 2024 8:15 am We’ve been very frugal for the past decade and are now in chubby FIRE territory. Well, not so early at this point :happy So we’re doing some things that we’ve talked about forever. Remodeled a couple of bathrooms and building a separate building with a home office and gym. We are also in-process on a solar system. And I bought an EV and liked it so much I got another sportier EV.
Yes, I bought EV too.

Except in this case, electric cargo bike.

https://www.ternbicycles.com/us/bikes/472/gsd

KlangFool
by KlangFool
Sun Mar 24, 2024 8:48 am
Forum: Personal Consumer Issues
Topic: What Toys Have You Bought That Have Been Worth it?
Replies: 256
Views: 18528

Re: What Toys Have You Bought That Have Been Worth it?

It was fresh roast SR800. I just upgraded to nucleus link roaster. KlangFool I'd have to think about my break even time there. Green beans seem like a good value though. Some roasters have become very expensive these days. I looked into it briefly and it looked I would be relegated to doing this in the garage so I sort of dropped it entirely. I may go back and dig into it. There is a long BH thread on the subject that should pop in search with some very helpful info and links. For SR 800, I have to roast my coffee bean at my garage. I no longer have to do that with my Nucleus Link. KlangFool Is Nucleus link out of business? Seems like their website is down? https://nucleuscoffeetools.com/products/link/ It is up and running. KlangFool
by KlangFool
Sun Mar 24, 2024 6:56 am
Forum: Personal Investments
Topic: House 2027
Replies: 36
Views: 3216

Re: House 2027

OP, It is a bad idea to have low mortgage on the new house. Either pay cash or just 20% down payment. KlangFool This makes no sense. There's quite a bit of middle ground between these two extremes. I see nothing wrong with someone putting 50% down on a house if it meets their financial and housing goals. Please explain how does it makes any sense to put 50% down payment. What does it accomplish? KlangFool Someone wants to move their equity position from a current house into a new house? Maybe they can't pay cash but want to aggressively pay down their mortgage? Maybe they'd prefer to borrow less money at 7%? Saying the only two ways to buy a house are 20% down or 100% down just doesn't make sense to me. Not everyone's financial situation f...
by KlangFool
Sun Mar 24, 2024 6:54 am
Forum: Personal Consumer Issues
Topic: What Toys Have You Bought That Have Been Worth it?
Replies: 256
Views: 18528

Re: What Toys Have You Bought That Have Been Worth it?

alexbogle wrote: Sun Mar 24, 2024 4:41 am
KlangFool wrote: Fri Mar 22, 2024 6:21 am Coffee roaster. I have been home roasting and have great coffee every day!!!

KlangFool
can you recommend an exact model? Or is this more something that you build from parts?
This was what I bought.

https://www.sweetmarias.com/air-roastin ... roast.html


You could start with something cheaper.

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KlangFool
by KlangFool
Sun Mar 24, 2024 6:42 am
Forum: Personal Investments
Topic: House 2027
Replies: 36
Views: 3216

Re: House 2027

Bikesy wrote: Sun Mar 24, 2024 6:40 am
KlangFool wrote: Sun Mar 24, 2024 6:35 am OP,

It is a bad idea to have low mortgage on the new house. Either pay cash or just 20% down payment.

KlangFool
This makes no sense. There's quite a bit of middle ground between these two extremes. I see nothing wrong with someone putting 50% down on a house if it meets their financial and housing goals.
Please explain how does it makes any sense to put 50% down payment. What does it accomplish?

KlangFool
by KlangFool
Sun Mar 24, 2024 6:35 am
Forum: Personal Investments
Topic: House 2027
Replies: 36
Views: 3216

Re: House 2027

OP,

It is a bad idea to have low mortgage on the new house. Either pay cash or just 20% down payment.

KlangFool
by KlangFool
Sat Mar 23, 2024 8:47 pm
Forum: Personal Investments
Topic: Retirement and AA advice for my 24 yr. old daughter
Replies: 60
Views: 4007

Re: Retirement and AA advice for my 24 yr. old daughter

Outer Marker wrote: Sat Mar 23, 2024 8:21 pm I’m not sure I understand Klanfool’s point. If she can’t max out her 401k without spending down the taxable account that might make sense. But I would like to see some access to readily available funds in taxable. If you don’t have to liquidate the taxable account, don’t.
She cannot max up her 401K without spending down the taxable account. She was in the same situation 2 years ago.

KlangFool
by KlangFool
Sat Mar 23, 2024 8:45 pm
Forum: Personal Investments
Topic: Pulled out of Target Fund 2045 to rebalance, more aggressive
Replies: 98
Views: 5646

Re: Pulled out of Target Fund 2045 to rebalance, more aggressive

Here is the target fund for the 457 Target fund 2045 Empower Domestic Stocks Large Company Stock Index Fund State Street Global Advisors Passive 43.94% Small Company Stock Index Fund State Street Global Advisors Passive 13.05 International Stocks International Stock Index Fund State Street Global Advisors Passive 29.46 Real Return Real Estate (REIT) Fund J.P. Morgan Asset Management State Street Global Advisors Active & Passive 3.93 Private Real Estate Fund J.P. Morgan Asset Management Active 0.55 SMART Real Return GMO Active 2.65 Bonds High Yield Bond Fund Eaton Vance Nomura Asset Management Active 0.90 Emerging Market Bond Fund Ashmore Investment Management Active 0.52 Bond Index Fund State Street Global Advisors Passive 5.00 Total 1...
by KlangFool
Sat Mar 23, 2024 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: HCOL in retirement - mortgage vs. paid off vs. rent?
Replies: 25
Views: 2073

Re: HCOL in retirement - mortgage vs. paid off vs. rent?

learning30 wrote: Sat Mar 23, 2024 6:32 pm
KlangFool wrote: Sat Mar 23, 2024 8:37 am Rent until it is significantly cheaper to buy.

It costs a lot more to buy now. So, rent.

KlangFool
But in an area like SoCal, buying would never be cheaper than renting. Would that mean it never makes sense to buy a home here, ever?
learning30,

You believe that you can predict the future. I know that I cannot.

KlangFool
by KlangFool
Sat Mar 23, 2024 5:39 pm
Forum: Personal Consumer Issues
Topic: Paying Electric Bill With Checking
Replies: 49
Views: 3539

Re: Paying Electric Bill With Checking

Fillmore wrote: Sat Mar 23, 2024 4:05 am
What would you do ?
Fillmore,

I do not give my bank account information to the electric company. I do a autopay "push" payment from my checking account to the electric company. I prepay my electric bill. So, when my electric bill shows up, it has a credit balance. If something failed, I will know when my electric bill shows up. And, I have plenty of time to pay the bill.

I do this for all bills that does not accept credit card payment.

KlangFool
by KlangFool
Sat Mar 23, 2024 3:57 pm
Forum: Personal Investments
Topic: Downside to 401k allocation churn?
Replies: 8
Views: 738

Re: Downside to 401k allocation churn?

OP,

Sorry, I do not understand why you are facing 401K allocation churn due to rebalancing.

A) If you are doing annual rebalancing, this should be once per year.

B) If you are doing 5/25 band based re balancing, it should be once every few year.

So, you probably have a problem in your current approach in keeping your asset allocation with your contribution process. It should not be dued to rebalancing.

KlangFool
by KlangFool
Sat Mar 23, 2024 3:48 pm
Forum: Personal Investments
Topic: Roth - Gotchas?
Replies: 6
Views: 1338

Re: Roth - Gotchas?

OP,

1) Is your tax deferred account balance big enough to generate taxable income plus pension equal to your current income?

" (1) I expect to have a pension that might well cover most of my living expenses "

2) Is your pension as big as your current income?

3) If not, what has that got to do your decision to contribute to Roth 401K?

KlangFool
by KlangFool
Sat Mar 23, 2024 2:16 pm
Forum: Personal Investments
Topic: Pulled out of Target Fund 2045 to rebalance, more aggressive
Replies: 98
Views: 5646

Re: Pulled out of Target Fund 2045 to rebalance, more aggressive

Here is the target fund for the 457 Target fund 2045 Empower Domestic Stocks Large Company Stock Index Fund State Street Global Advisors Passive 43.94% Small Company Stock Index Fund State Street Global Advisors Passive 13.05 International Stocks International Stock Index Fund State Street Global Advisors Passive 29.46 Real Return Real Estate (REIT) Fund J.P. Morgan Asset Management State Street Global Advisors Active & Passive 3.93 Private Real Estate Fund J.P. Morgan Asset Management Active 0.55 SMART Real Return GMO Active 2.65 Bonds High Yield Bond Fund Eaton Vance Nomura Asset Management Active 0.90 Emerging Market Bond Fund Ashmore Investment Management Active 0.52 Bond Index Fund State Street Global Advisors Passive 5.00 Total 1...
by KlangFool
Sat Mar 23, 2024 2:15 pm
Forum: Personal Investments
Topic: Retirement and AA advice for my 24 yr. old daughter
Replies: 60
Views: 4007

Re: Retirement and AA advice for my 24 yr. old daughter

OP, We had offered the same advice. Max up the 401K and Roth IRA and spend down/sell the 17K taxable account. Why does she enjoy paying 20+% taxes in order to keep her taxable account investment? KlangFool Selling the taxable account would generate a significant tax hit for her, correct? And what about the 401k's from her previous employers? afr, "Selling the taxable account would generate a significant tax hit for her, correct?" No. She is probably at 0% long term capital gain tax rate. Even at 15% long term capital gain tax rate, it is still lower than the 20+% taxes that she is paying for her income. In summary, she will save taxes. "And what about the 401k's from her previous employers?" She should roll it into a ro...
by KlangFool
Sat Mar 23, 2024 1:57 pm
Forum: Personal Investments
Topic: Retirement and AA advice for my 24 yr. old daughter
Replies: 60
Views: 4007

Re: Retirement and AA advice for my 24 yr. old daughter

OP, We had offered the same advice. Max up the 401K and Roth IRA and spend down/sell the 17K taxable account. Why does she enjoy paying 20+% taxes in order to keep her taxable account investment? KlangFool Selling the taxable account would generate a significant tax hit for her, correct? And what about the 401k's from her previous employers? afr, "Selling the taxable account would generate a significant tax hit for her, correct?" No. She is probably at 0% long term capital gain tax rate. Even at 15% long term capital gain tax rate, it is still lower than the 20+% taxes that she is paying for her income. In summary, she will save taxes. "And what about the 401k's from her previous employers?" She should roll it into a ro...
by KlangFool
Sat Mar 23, 2024 1:46 pm
Forum: Personal Investments
Topic: Pulled out of Target Fund 2045 to rebalance, more aggressive
Replies: 98
Views: 5646

Re: Pulled out of Target Fund 2045 to rebalance, more aggressive

So should I roll back all my accounts back to target funds, maybe back 2045 to 2050? Also would I have to wait 30 days to get back into the funds? Fund the 457 as much as I can and do not fund the Roth. Mr.B0213x, 1) 2045 is good enough. In fact, I may even go less aggressive. 2) Whether you have to wait 30 days, you have to ask your plan administrator. It is dependent on what your plan allowed. "Fund the 457 as much as I can and do not fund the Roth." 3) Correct! I may go 100% stock in your Roth IRA. And, then, go less aggressive in your 457. KlangFool Here is the target fund for the 457 Target fund 2045 Empower Domestic Stocks Large Company Stock Index Fund State Street Global Advisors Passive 43.94% Small Company Stock Index F...