Search found 50 matches

by printer86
Fri Feb 17, 2017 11:09 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with cash set aside for taxes next year?
Replies: 7
Views: 566

Re: What to do with cash set aside for taxes next year?

I had a nice windfall last year that I knew would skew my tax rate. So, i needed to park $$$ until I did my taxes. I put the funds in an insured Ally savings account earning 1%. Well, my taxes are now done and it's time to ship the money to Uncle Sam. At least I earned a little bit along the way.
by printer86
Thu Feb 09, 2017 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: Two Years to Retirement – Please review and comment
Replies: 53
Views: 6813

Re: Two Years to Retirement – Please review and comment

I have not seen the 2017 numbers yet. I manually filled out the form last year. The good news is that as of the end of 2015 I have 35 years of SSA earnings. The better news is that my 2016 earnings replaced my 1981 SSA earnings of $6.
by printer86
Thu Feb 09, 2017 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Two Years to Retirement – Please review and comment
Replies: 53
Views: 6813

Re: Two Years to Retirement – Please review and comment

Wow, I am amazed that so many people want me to re-check my PIA. SSA says it was $2568 using 2015 numbers (they do not have 2016 numbers yet) and my spreadsheet - working from the actual SS documents - shows $2574 using 2016 earnings and knee points. I have also compiled my SSA earnings and calcula...
by printer86
Sun Jan 15, 2017 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: How variable is your total income (5 year history)?
Replies: 30
Views: 3317

Re: How variable is your total income (5 year history)?

I'm bringing this thread back up to ask those Bogleheads who have highly variable incomes how you position yourselves to manage the unpredictability of future income. Over the past 10 years, my earnings have bounced between 54% and 390% of median. My solution for this high volatility has always been...
by printer86
Mon Jan 09, 2017 11:02 pm
Forum: Investing - Help with Personal Investments
Topic: [403(b) Fidelity or TIAA Cref allocation, and do I want one?]
Replies: 137
Views: 5428

Re: EJ not [costing me as much as] others?

I rolled over some old 401k money and started an after tax account with EJ back in my late 30's. I quickly learned that they were sucking my earnings dry with their fees. I had everything moved to Vanguard within 18 months. Get out sooner rather than later.
by printer86
Sun Jan 08, 2017 9:38 am
Forum: Investing - Help with Personal Investments
Topic: How're we doing?
Replies: 33
Views: 3459

Re: How're we doing?

Her entire salary should be dedicated to paying off those student loans ASAP. There should be no other goal. Live like grad students until that debt is cleared.
by printer86
Sat Jan 07, 2017 3:23 pm
Forum: Investing - Help with Personal Investments
Topic: What To Do With Large Bonus
Replies: 16
Views: 2286

Re: What To Do With Large Bonus

Nice summation. Congratulations on the great year. Good luck in 2017.
by printer86
Fri Jan 06, 2017 5:56 pm
Forum: Investing - Help with Personal Investments
Topic: What To Do With Large Bonus
Replies: 16
Views: 2286

Re: What To Do With Large Bonus

As a fellow salesperson for the past 30 years, I personally like to keep more available cash on hand to level out the hills and valleys. I'm not just talking about the variability of monthly commission checks, but also the ability to ride out the inevitable dry year or career hiccup so common in sal...
by printer86
Tue Dec 27, 2016 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: I'll never save a 20% down payment. Rent for life?
Replies: 138
Views: 13147

Re: I'll never save a 20% down payment. Rent for life?

Oh, one other thing. When we were looking to buy that house back in 1996, I had a running partner who was about 10 years older than me and an accountant. I told him that I might tap into my 401k for my downpayment. I still remember him strongly telling me not to touch my retirement funds...ever. I h...
by printer86
Tue Dec 27, 2016 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: I'll never save a 20% down payment. Rent for life?
Replies: 138
Views: 13147

Re: I'll never save a 20% down payment. Rent for life?

I will add to the list of posters that say 20% is a nice to have, but not a must have. We put 10% down on a $225k house in 1996 when I was making 70k. We were able to qualify for the loan when we added my wife temp agency income. If you are careful with your money, having less than 20% is not a deal...
by printer86
Sun Dec 25, 2016 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Bought a house for 560k in 2007
Replies: 73
Views: 8938

Re: Bought a house for 560k in 2007

Maintaining multiple residences is what is crushing you financially. You and your husband need to to pick either NJ or GA and rebuilt your financial life.
by printer86
Tue Dec 20, 2016 9:05 pm
Forum: Investing - Help with Personal Investments
Topic: job loss, portfolio and retirement advise
Replies: 39
Views: 3774

Re: job loss, portfolio and retirement advise

The previous posts are spot on. You're not there yet. You need to preserve your cash and focus on simply paying your bills with your EF and severance. More importantly, you need to get out there and find another job. Most of us have been there before. You need to have faith in yourself enough to get...
by printer86
Sat Dec 17, 2016 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Need Help: Drowning in Debt
Replies: 60
Views: 6179

Re: Need Help: Drowning in Debt

This is a budgeting issue. Are you able to go back and determine where you spend your money each month? What items can you cut in order to be cash flow positive?
by printer86
Fri Dec 16, 2016 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: How much cash do you keep?
Replies: 103
Views: 9528

Re: Retirees: How much cash do you keep?

The Wizard wrote:I'm not a bucketeer, though Jane Bryant Quinn does recommend keeping 2 years cash in her new book.


That must be a valuable book. :D
by printer86
Thu Dec 15, 2016 9:20 am
Forum: Personal Consumer Issues
Topic: How will you tip this Christmas?
Replies: 51
Views: 4431

Re: How will you tip this Christmas?

At Christmas time I tip the service providers that I see all year long. That means that the garbage men, recycling truck driver, mail carrier, lawn service person and the lady who cuts my hair get envelopes with some cash. Heck, its Christmas time. I don't really understand this. In the case of the...
by printer86
Wed Dec 14, 2016 11:27 pm
Forum: Personal Consumer Issues
Topic: How will you tip this Christmas?
Replies: 51
Views: 4431

Re: How will you tip this Christmas?

At Christmas time I tip the service providers that I see all year long. That means that the garbage men, recycling truck driver, mail carrier, lawn service person and the lady who cuts my hair get envelopes with some cash.

Heck, its Christmas time.
by printer86
Tue Dec 06, 2016 10:19 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking about hiring Advisor
Replies: 25
Views: 1983

Re: Thinking about hiring Advisor

So, you want to beat the market?
by printer86
Thu Dec 01, 2016 11:02 pm
Forum: Investing - Help with Personal Investments
Topic: Pay off mortgage?
Replies: 107
Views: 7832

Re: Pay off mortgage?

Ok, since we're all friends here, I'll tell you my mortgage payoff story. Almost two years into our 15 year mortgage, I got a series of significant commission checks. These checks amounted to multiples of my outstanding mortgage. While I think I'm good at my job, you never know if you'll ever hit th...
by printer86
Thu Dec 01, 2016 3:09 pm
Forum: Investing - Help with Personal Investments
Topic: Pay off mortgage?
Replies: 107
Views: 7832

Re: Pay off mortgage?

There is nothing "guaranteed" about it. I hope mine goes up, but I don't count on it. What is guaranteed is that your cash flow will improve. So what? So instead of investing $300,000 today, I can have zero liquidity and I can instead invest my $2,000 a month mortgage payment every month?...
by printer86
Wed Nov 30, 2016 9:21 pm
Forum: Investing - Help with Personal Investments
Topic: Pay off mortgage?
Replies: 107
Views: 7832

Re: Pay off mortgage?

I have a 15 year 2.5% fixed interest rate mortgage. I have the cash, and I am tempted to pay it off given that I cannot see any safe investment at a higher after tax interest rate. Is there anything I am missing? Same here. 2.5% APR for 15 years. Three years in and I'm just not motivated to divert ...
by printer86
Wed Nov 30, 2016 4:10 pm
Forum: Investing - Help with Personal Investments
Topic: Pay off mortgage?
Replies: 107
Views: 7832

Re: Pay off mortgage?

With an established EF and fully funded annual tax deferred accounts, pay the thing off and never look back. It's a risk free investment.
by printer86
Wed Nov 23, 2016 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Commission-only sales position -- typical rate?
Replies: 8
Views: 1229

Re: Commission-only sales position -- typical rate?

If there is not a written sales compensation plan that is signed by both parties, don't take the job.
by printer86
Sun Nov 20, 2016 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 495
Views: 118881

Re: Share your net worth progression

Ok, I will play too. I will list my numbers at the end of each decade starting with the year I graduated college and got my first job (1986). I was very fortunate to come out of school without debt. I will also list my total earnings during the previous decade. I will not include cars or belongings,...
by printer86
Mon Oct 17, 2016 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Leasing a Car with Intention to Buy at End
Replies: 40
Views: 3764

Re: Leasing a Car with Intention to Buy at End

Last September, my wife informed me that she wanted a new car. I do what she says sometimes. We had always bought our cars, but we decided to trade in her old car and do a single pay 36 month lease. Not sure if it was the best deal, but I was able to defer the car purchase choice until 2018. Sometim...
by printer86
Fri Oct 07, 2016 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Got myself into some trouble.. [Use emergency fund for credit card debt?]
Replies: 48
Views: 6759

Re: Got myself into some trouble.. [Use emergency fund for credit card debt?]

Good move to pay it off. As the post above says, focus on rebuilding you EF now.
by printer86
Fri Oct 07, 2016 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Got myself into some trouble.. [Use emergency fund for credit card debt?]
Replies: 48
Views: 6759

Re: Got myself into some trouble..

At first glance, I would strongly recommend that you pay off the credit card debt now. However, I'm thinking that you may be relying on your card for too much of your monthly spending. Are you able to pay your regular monthly bills without adding any debt? If so, pay off the card and don't look back...
by printer86
Fri Sep 02, 2016 7:54 pm
Forum: Investing - Theory, News & General
Topic: Calculating Future SS Benefits
Replies: 20
Views: 1306

Re: Calculating Future SS Benefits

2016 marks my 35th year with SSA earnings. However, 1981 show $6 of SSA earnings. It can only get better from here...I hope.
by printer86
Fri Sep 02, 2016 10:27 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones and my in-laws
Replies: 44
Views: 5546

Re: Edward Jones and my in-laws

I'd like to thank all of you for your thoughts and feedback. We have decided to just leave it alone but I would like some feedback on whether or not we should have a conversation with them about what happens if they run out of money. njboater74 brought it up and my husband and I have never thought ...
by printer86
Mon Aug 29, 2016 8:22 am
Forum: Investing - Help with Personal Investments
Topic: Apple employee seeking advice on 401k and general investments
Replies: 26
Views: 4075

Re: Apple employee seeking advice on 401k and general investments

Keep it really simple for now. With your decent salary and your young age, you should focus on maxing out your 401k contribution first ($18k). Any funds left over after that (and there should be) should be used to build your emergency fund. Once the emergency fund is established then concentrate on ...
by printer86
Sat Aug 27, 2016 2:00 pm
Forum: Investing - Help with Personal Investments
Topic: Do you count your emergency fund?
Replies: 45
Views: 3553

Re: Do you count your emergency fund?

Do you count your emergency fund as part of your investable assets when figuring your asset allocation? My investable assets are planned for my post employment years and my cash flow from my job funds my current expenditures. My emergency fund is meant to bridge any income gaps during my employment...
by printer86
Thu Aug 25, 2016 10:31 am
Forum: Investing - Help with Personal Investments
Topic: Can I semi-retire (or retire?)
Replies: 78
Views: 7346

Re: Will I be able to tell my wife I can semi-retire (maybe retire!)?

If you are trying to figure out how you are going to spend the rest of your days living off your portfolio, you better get a good handle on your expenses. I suggest you build a spreadsheet or journal to document all your expenses for at least 12 months before you make any final decisions. An easy f...
by printer86
Thu Aug 25, 2016 9:44 am
Forum: Investing - Help with Personal Investments
Topic: Can I semi-retire (or retire?)
Replies: 78
Views: 7346

Re: Will I be able to tell my wife I can semi-retire (maybe retire!)?

If you are trying to figure out how you are going to spend the rest of your days living off your portfolio, you better get a good handle on your expenses. I suggest you build a spreadsheet or journal to document all your expenses for at least 12 months before you make any final decisions. An easy fi...
by printer86
Tue Aug 23, 2016 10:02 pm
Forum: Investing - Help with Personal Investments
Topic: Managing AA with target date funds... or not?
Replies: 18
Views: 1244

Re: Managing AA with target date funds... or not?

My 401k doesn't have the right mix of funds to create a standard 3 fund portfolio for my AA. Instead, I have my 401k split 60/40 between the Vanguard 2025 and 2035 target funds. This currently has my 401k AA holding at 72/28. Not sure if this is the best way, but it's what I got for now. I need to ...
by printer86
Tue Aug 23, 2016 5:52 pm
Forum: Investing - Help with Personal Investments
Topic: Managing AA with target date funds... or not?
Replies: 18
Views: 1244

Re: Managing AA with target date funds... or not?

My 401k doesn't have the right mix of funds to create a standard 3 fund portfolio for my AA. Instead, I have my 401k split 60/40 between the Vanguard 2025 and 2035 target funds. This currently has my 401k AA holding at 72/28. Not sure if this is the best way, but it's what I got for now.
by printer86
Tue Aug 23, 2016 4:07 pm
Forum: Investing - Help with Personal Investments
Topic: Can I semi-retire (or retire?)
Replies: 78
Views: 7346

Re: Will I be able to tell my wife I can semi-retire (maybe retire!)?

I think the answer that everyone is trying to tell you is that if your home business is slipping you'll need to go out and get a job. Do that for about 10 years and then reassess.
by printer86
Tue Aug 23, 2016 9:14 am
Forum: Investing - Help with Personal Investments
Topic: Advice for First Time Homebuyer
Replies: 16
Views: 1341

Re: Advice for First Time Homebuyer

I would not depend on rent for a primary home. Perhaps you might decide to do it in the future, but that would be when you can afford not to do it if you choose not to. You and GF will have enough adjusting to do, even without two extra persons in your home full time. I think part of my question th...
by printer86
Mon Aug 22, 2016 3:37 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for First Time Homebuyer
Replies: 16
Views: 1341

Re: Advice for First Time Homebuyer

You wanted advice, you'll get advice. Don't count on roommates, especially family. Get the job and then find a place to rent with your girlfriend and only your girlfriend. And after a year or so, start looking for a place to buy for the 2 (and only 2) of you.
by printer86
Sat Aug 20, 2016 8:25 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisor Services
Replies: 36
Views: 5451

Re: Vanguard Personal Advisor Services

. . . it's been a uniformly positive and pleasant experience and I'm really glad to have them there for me as I work my way up to being a full fledged Boglehead . . . Thanks. Thanks to our shipmate Pennywise for your comments. This is one [of the very few] positive comments about Vanguard services ...
by printer86
Wed Aug 17, 2016 10:11 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisor Services
Replies: 36
Views: 5451

Re: Vanguard Personal Advisor Services

. . . it's been a uniformly positive and pleasant experience and I'm really glad to have them there for me as I work my way up to being a full fledged Boglehead . . . Thanks. Thanks to our shipmate Pennywise for your comments. This is one [of the very few] positive comments about Vanguard services ...
by printer86
Thu Aug 11, 2016 2:00 pm
Forum: Investing - Help with Personal Investments
Topic: Amerivest Managed Risk Portfolio - good/ bad idea?
Replies: 15
Views: 1534

Re: Amerivest Managed Risk Portfolio - good/ bad idea?

Thanks Taylor. She's only been with the Amerivest group for about 2 years. I'm not sure how much gains are in there. When I looked at her Gain/Loss tab on the website there was a good deal of red. The Amerivest team is the managed portfolio group within TD Ameritrade. They said that if I wanted to i...
by printer86
Thu Aug 11, 2016 1:09 pm
Forum: Investing - Help with Personal Investments
Topic: Amerivest Managed Risk Portfolio - good/ bad idea?
Replies: 15
Views: 1534

Re: Amerivest Managed Risk Portfolio - good/ bad idea?

So, my 80 year old mother asked me to come down to her place and look at her finances. She has a managed account with the Amerivest team at TD Ameritrade. She has less than $100,000 in the account, yet they have her in 20 funds all charging between .5% to 1+% fund fees on top of the 1% AUM fee. I'm ...
by printer86
Fri Aug 05, 2016 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: 25x Residual Expenses if no Residual Expenses?
Replies: 11
Views: 1729

Re: 25x Residual Expenses if no Residual Expenses?

We've been in that happy situation throughout our 29 year retirement - needing assets only for travel or capitol purchases, although pension and SS income is modest. No LTCI. Now spouse has had to go into assisted living, a situation which will probably extend for many years. Now we will have to st...
by printer86
Wed Jul 27, 2016 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Any retirees here who have been life-long renters?
Replies: 140
Views: 11292

Re: Any retirees here who have been life-long renters?

After reading most of the posts on this thread I decided to do a little research. When I first met my wife, we rented a 1 bedroom apartment in a nice building in a good NJ town with train service to NYC. Our rent in 1996 was $900/mo when we moved out and bought our first house. I just googled the a...
by printer86
Wed Jul 27, 2016 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Any retirees here who have been life-long renters?
Replies: 140
Views: 11292

Re: Any retirees here who have been life-long renters?

After reading most of the posts on this thread I decided to do a little research. When I first met my wife, we rented a 1 bedroom apartment in a nice building in a good NJ town with train service to NYC. Our rent in 1996 was $900/mo when we moved out and bought our first house. I just googled the ad...
by printer86
Wed Jul 13, 2016 11:53 am
Forum: Investing - Help with Personal Investments
Topic: Where to invest taxable funds? Help please
Replies: 9
Views: 909

Re: Where to invest taxable funds? Help please

I just wrote this in another thread. It seems to apply here also. We are VPAS clients. We have our IRAs, my 401k and a taxable account at Vanguard. Any money that we send to our tax deferred or taxable accounts at Vanguard is for our retirement needs and not to be touched during my working years. Th...
by printer86
Wed Jul 13, 2016 11:47 am
Forum: Investing - Help with Personal Investments
Topic: NO bonds in my taxable account, really?
Replies: 38
Views: 4067

Re: NO bonds in my taxable account, really?

We are VPAS clients. We have our IRAs, my 401k and a taxable account at Vanguard. Any money that we send to our tax deferred or taxable accounts at Vanguard is for our retirement needs and not to be touched during my working years. The Vanguard taxable account is 100% invested in their total stock m...
by printer86
Wed Jul 06, 2016 8:00 pm
Forum: Investing - Help with Personal Investments
Topic: Hoping for an early retirement
Replies: 29
Views: 4269

Re: Hoping for an early retirement

I've been interested in this thread since I am of similar age and in a similar financial position as the OP. However, I feel that I'm only about 50% -75% towards FIRE. I feel that at this early age you better be darn sure you've accounted for all your future costs before you walk away from your peak...
by printer86
Sun Jun 19, 2016 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: One more mortgage payoff thread...
Replies: 47
Views: 4203

Re: One more mortgage payoff thread...

Once you are taking all the tax advantages possible, AND have plenty of liquid cash reserved to cover emergencies, and have paid off virtually all other debts except perhaps some student loans, then you cannot beat the absolutely guaranteed rate of return with no risk that you get for paying down t...
by printer86
Fri Jun 17, 2016 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: One more mortgage payoff thread...
Replies: 47
Views: 4203

Re: One more mortgage payoff thread...

Traveller, Your story is similar to ours. We bought our first house in June of 1996. We moved a number of times since then, but kept pouring the equity back into the next house. This spring, I finally did what you just did and sent my lender a certified check for the balance. I feel great on so many...

Go to advanced search