Search found 1644 matches

by WhiteMaxima
Wed Feb 20, 2019 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: possible to have TOO MUCH in 401k account?
Replies: 104
Views: 17882

Re: possible to have TOO MUCH in 401k account?

if your future RMD Taxed higher THAn today's rate, then it is too much. If you plan to retire early, then you can do planned Roth conversion to reduce future RMD. remember, you have to take RMD and SS at 70.
by WhiteMaxima
Wed Feb 20, 2019 3:59 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Small Value Lags For 15 Years
Replies: 57
Views: 3594

Re: Larry Swedroe: Small Value Lags For 15 Years

Timing the market, timing the asset class, aren't them the same?
by WhiteMaxima
Wed Feb 20, 2019 12:34 pm
Forum: Personal Consumer Issues
Topic: $3k repair estimate for 2010 Audi A4 Avant
Replies: 19
Views: 945

Re: $3k repair estimate for 2010 Audi A4 Avant

Oil control ring need to be replaced. I would get a young engine form juck yard and drop it in. Burning engine oil is a typical VW engine problem. You need change PCV valve and use synthetic oil with less deposit. The A4 has already 100k. So if you could tolerate 1 qt/500 miles, you could just keep...
by WhiteMaxima
Wed Feb 20, 2019 12:07 pm
Forum: Personal Consumer Issues
Topic: $3k repair estimate for 2010 Audi A4 Avant
Replies: 19
Views: 945

Re: $3k repair estimate for 2010 Audi A4 Avant

Oil control ring need to be replaced. I would get a young engine form juck yard and drop it in. Burning engine oil is a typical VW engine problem. You need change PCV valve and use synthetic oil with less deposit. The A4 has already 100k. So if you could tolerate 1 qt/500 miles, you could just keep ...
by WhiteMaxima
Wed Feb 20, 2019 11:34 am
Forum: Personal Investments
Topic: Fidelity vs Vanguard
Replies: 41
Views: 4326

Re: Fidelity vs Vanguard

Toyota vs Honda I have driven Hondas since 1985 and have never owned a Toyota. The automotive media has rated Hondas highly lately; however, there is a major difference between driving a new model and owning it for several years. Hondas haven’t faired as well on J.D. Powers ratings. There have been...
by WhiteMaxima
Tue Feb 19, 2019 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Is Long Term Care Insurance worth it?
Replies: 318
Views: 12920

Re: Is Long Term Care Insurance worth it?

You premium paid= insurance pay out + insurance company profit+ CEO salary + administration expense+ ..
You life insurance pay out ratio will never exceed 100%. Overall, policyholder get around 80-90% at max of what they paid to the insurance.
by WhiteMaxima
Tue Feb 19, 2019 1:11 pm
Forum: Personal Consumer Issues
Topic: Best PAID music streaming service?
Replies: 64
Views: 3547

Re: Best PAID music streaming service?

Tidal or Qobuz
by WhiteMaxima
Tue Feb 19, 2019 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: How to repair credit due to late Bank of America payment
Replies: 33
Views: 1224

Re: How to repair credit due to late Bank of America payment

Wow - I would never have thought a single late payment would have that big an impact, but quick googling says a 90-110 point drop for a high credit score is normal. DW had a short sale on a condo she owned before we were married and her score dropped less than 150 points and never went below 600. I...
by WhiteMaxima
Tue Feb 19, 2019 1:00 pm
Forum: Personal Investments
Topic: Need advice on personal situation [may return to Europe]
Replies: 21
Views: 2235

Re: Need advice on personal situation [may return to Europe]

Have you budgeted for kids college education here in the US. It will be very expensive here. In EU, it is almost free. Although in EU people earn less and pay more for taxes. But everything basically is covered. Free healthcare, free education. NYC is a very expensive to live. If I were you, I would...
by WhiteMaxima
Tue Feb 19, 2019 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: I want a new Audi A6 2018 (50k) - Can I afford it? Or is this just a really dumb decision...
Replies: 136
Views: 7321

Re: I want a new Audi A6 2018 (50k) - Can I afford it? Or is this just a really dumb decision...

A6 is a salon. A comfy luxury sedan. Not a fun car. If you have a family with kids, it is a very capable AWD car to go to snow and rain. If you really like affordable fun for your age, get a VW GTI, Honda Civic Si, Mazda 3 new at $25000. Will be much more fun and cheaper.
by WhiteMaxima
Tue Feb 19, 2019 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: How to repair credit due to late Bank of America payment
Replies: 33
Views: 1224

Re: How to repair credit due to late Bank of America payment

Damage has already been done. But no panic. Consolidate credit into 2 cards (one Visa, one Master) and set up auto pay. One don't need too many creidt card. 700 FICO will come back to 800 very quick if you keep paying off your credit card.
by WhiteMaxima
Tue Feb 19, 2019 12:39 pm
Forum: Personal Investments
Topic: strategy to re-enter the market
Replies: 45
Views: 3452

Re: strategy to re-enter the market

Dollar cost average. Spread through next 3-5 years.
by WhiteMaxima
Tue Feb 19, 2019 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: I want a new Audi A6 2018 (50k) - Can I afford it? Or is this just a really dumb decision...
Replies: 136
Views: 7321

Re: I want a new Audi A6 2018 (50k) - Can I afford it? Or is this just a really dumb decision...

Live in Houston, Em. Audi A6 is a really nice AWD car. Once you drive it, you don't want to drive Toyota any more. I own an A5. 8 speed Auto Transmisson and 2.0T engine matches very well. An A6 will equipped with 3.0T. Get a 3 year old with 50% price reduction (25K) with extended warranty. Learn som...
by WhiteMaxima
Mon Feb 18, 2019 6:06 pm
Forum: Personal Consumer Issues
Topic: Wife filled our gas engine car with diesel fuel
Replies: 105
Views: 10154

Re: Wife filled our gas engine car with diesel fuel

If she add diesel and havn't start the car yet, the diesel is not in fuel pump and gas line yet. She she start the car, then need to get the diesel out of gas line. Anyway, it hasn't damaged the engine yet. Just step by step to clear it out. OP said she drove it several blocks until it died. It's n...
by WhiteMaxima
Mon Feb 18, 2019 5:55 pm
Forum: Personal Consumer Issues
Topic: Wife filled our gas engine car with diesel fuel
Replies: 105
Views: 10154

Re: Wife filled our gas engine car with diesel fuel

If she add diesel and havn't start the car yet, the diesel is not in fuel pump and gas line yet. She she start the car, then need to get the diesel out of gas line. Anyway, it hasn't damaged the engine yet. Just step by step to clear it out.
by WhiteMaxima
Mon Feb 18, 2019 5:08 pm
Forum: Investing - Theory, News & General
Topic: Do you look back and wish you were more aggressive?
Replies: 64
Views: 4274

Re: Do you look back and wish you were more aggressive?

How aggressive? invest 100% in dot.com in 2000 or 0% down housing in 2007, 100% bitcoin in 2017?. No, I am not regret. I feel I had clear mind on what's is worth at the time. I know some got rich by exit early during the bubble. I knew majority of them lost everything. I believe 70/30 (or 40/30/30 U...
by WhiteMaxima
Mon Feb 18, 2019 5:01 pm
Forum: Personal Consumer Issues
Topic: First thing(s) you'd do when you achieve financial independence?
Replies: 71
Views: 5240

Re: First thing(s) you'd do when you achieve financial independence?

If things not broken, don't fix it. If you gain financial independence, just keep it going.
by WhiteMaxima
Mon Feb 18, 2019 4:55 pm
Forum: Personal Investments
Topic: Ride It Out Or Not?
Replies: 18
Views: 1068

Re: Ride It Out Or Not?

Why no fix income component? Though historically equity outperform fix-income (Bond, CD), fix-income will smooth out your ride and can be used to repurchase equities when they are down. Typically a balanced index fund is sufficient for average investors (typically 30/30/40 US/intl/Bond). You want a ...
by WhiteMaxima
Mon Feb 18, 2019 4:45 pm
Forum: Personal Consumer Issues
Topic: Wife filled our gas engine car with diesel fuel
Replies: 105
Views: 10154

Re: Wife filled our gas engine car with diesel fuel

need to suck all diesel out 1st. Then fill up a full tank gasoline. Done.
by WhiteMaxima
Fri Feb 15, 2019 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Were you 100% debt free at retirement
Replies: 163
Views: 9779

Re: Were you 100% debt free at retirement

I don't need to be debt free in my retirement. I only need positive cash flow in my retirement: inflow > outflow.
by WhiteMaxima
Fri Feb 15, 2019 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: What business did you sell?
Replies: 10
Views: 1001

Re: What business did you sell?

I often see on here, "I just sold my business for $x million and how should I invest". I'm curious what types of businesses people are running and selling and was the ride enjoyable? Maybe it'll motivate some of us to take a stab at starting something up :) A million $ business value need to net 10...
by WhiteMaxima
Thu Feb 14, 2019 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: How to live well in retirement below the poverty line (not pay taxes)
Replies: 45
Views: 5770

Re: How to live well in retirement below the poverty line (not pay taxes)

Retire abroad! Poverty line in the US is a luxury line in many other counytries. Mexico, panama city, Thailand, even Portugal is much cheaper for retirement. You can take RMD up to 0% tax bracket and live comfortably in above countries.
by WhiteMaxima
Thu Feb 14, 2019 4:22 pm
Forum: Personal Consumer Issues
Topic: Where to go over the long weekend?
Replies: 12
Views: 949

Re: Where to go over the long weekend?

Do you like train travel? Amtack has buy-one-get-one free ticket sales on this particular V-day. Book a sleeper to NYC and spend 2 nights there would be very romantic. If you don't like NYC, book a train ride to Niagara Falls. It is amazing to see Niagara fall freeze.
by WhiteMaxima
Wed Feb 13, 2019 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Wife has accumulated $90K in debt - Advice sought...
Replies: 42
Views: 5559

Re: Wife has accumulated $90K in debt - Advice sought...

Get finance separated. And get divorced. Split the debt and you need pay off your part. seriously! You and still co-inhabit with her. But your finance should be separated. You and she will file as individual in tax which is favorable to singles.
by WhiteMaxima
Wed Feb 13, 2019 3:45 pm
Forum: Personal Investments
Topic: Fidelity vs Vanguard
Replies: 41
Views: 4326

Re: Fidelity vs Vanguard

Toyota vs Honda
by WhiteMaxima
Wed Feb 13, 2019 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Bad Idea or Good Idea? - Investing in 529 College Savings Plan
Replies: 70
Views: 3883

Re: Bad Idea or Good Idea? - Investing in 529 College Savings Plan

I think 529 is a good idea if you fully funded your pre-tax 401k and Roth. 529 can serve as a cushion when kids go to college. 529 is also a good estate planning tools to pass wealth to future generation, Tax Free.
by WhiteMaxima
Wed Feb 13, 2019 1:50 pm
Forum: Investing - Theory, News & General
Topic: Will wife’s social security affect my Roth conversions.
Replies: 34
Views: 2830

Re: Will wife’s social security affect my Roth conversions.

retire earlier at 55 (of course, if you have medical covered) , roll over to Roth or taken distribution for 15 years up to 12% bracket, taking $24000 standard deduction, live in low cost area (Mexico, Thailand). depelete traditional IRA and 401k by rolling over. take SS at 70. Well done.
by WhiteMaxima
Tue Feb 05, 2019 6:36 pm
Forum: Personal Consumer Issues
Topic: Mazda Miata as Daily Commute Fun Car?
Replies: 94
Views: 4782

Re: Mazda Miata as Daily Commute Fun Car?

1) Mazda 3 Hatchback
2) Civic Si or Type R
3) VW GTI
by WhiteMaxima
Fri Feb 01, 2019 4:13 pm
Forum: Personal Investments
Topic: We won the game, went to 50/50, but it just doesn't feel right
Replies: 108
Views: 11487

Re: We won the game, went to 50/50, but it just doesn't feel right

depend on your age and how many years to invest. If you won the game, just keep the score. Don't lose the game if the the stock market take a 50% cut like 1929 and 2008. 50/50 is perfect. aggressive but still defensive.
by WhiteMaxima
Wed Jan 30, 2019 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with mortgage near retirement?
Replies: 43
Views: 3883

Re: What to do with mortgage near retirement?

Use RMD leftover to pay down mortgage. let's say your mortgage payment is $2000/month, your RMD is $5000/month. You monthly expense is $3000.
by WhiteMaxima
Thu Jan 24, 2019 5:23 pm
Forum: Personal Consumer Issues
Topic: Where to stay in Naples, Italy and along Amalfi coast
Replies: 36
Views: 1954

Re: Where to stay in Naples, Italy and along Amalfi coast

In between. Psitano. Rent small car.
by WhiteMaxima
Tue Jan 22, 2019 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Possible Relocation to Portland, OR
Replies: 37
Views: 4608

Re: Possible Relocation to Portland, OR

Weather is going to be mild compare to WI. A lot of out door activity. Brewing culture is similar to WI. I like the city.
by WhiteMaxima
Tue Jan 22, 2019 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy a house in the Bay area or give up?
Replies: 94
Views: 7361

Re: Should I buy a house in the Bay area or give up?

Single? Rent a two-bed apt and find a roomate. Save you ton of money. Invest all left in to three vanguard fund portfolio. Now that I've turned 30, I feel like I'm too old to have a roommate. Thoughts? Also my housing expenses keep increasing due to rising rents, which leaves less money for investi...
by WhiteMaxima
Thu Jan 17, 2019 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy a house in the Bay area or give up?
Replies: 94
Views: 7361

Re: Should I buy a house in the Bay area or give up?

Single? Rent a two-bed apt and find a roomate. Save you ton of money. Invest all left in to three vanguard fund portfolio.
by WhiteMaxima
Thu Jan 17, 2019 2:43 pm
Forum: Personal Consumer Issues
Topic: Gas station prices and quality
Replies: 116
Views: 10546

Re: Gas station prices and quality

Refined from Alaska crude, Iranian crude. Even the same oil company get different crude supply. gasoline is a compound of different chained hydro-carbon. Add detergent would be different from Shell, Xom and Chevron. I would stay with 1st tier gas: Shell, XOM, Kirkland, Cheveon, Philps66.
by WhiteMaxima
Wed Jan 16, 2019 4:12 pm
Forum: Personal Consumer Issues
Topic: Netflix Recommendations
Replies: 53
Views: 4603

Re: Netflix Recommendations

Same Sky
Parts Unknown
by WhiteMaxima
Wed Jan 16, 2019 2:10 pm
Forum: Personal Consumer Issues
Topic: Are You Dumping Netflix?
Replies: 177
Views: 11424

Re: Are You Dumping Netflix?

Why? just save a cost of cup of coffee per month. I would say Netflix value is at at least min $25/month.
by WhiteMaxima
Wed Jan 16, 2019 12:41 pm
Forum: Personal Consumer Issues
Topic: Washington State Solar Incentives
Replies: 18
Views: 987

Re: Washington State Solar Incentives

7-8 Year payback time?
by WhiteMaxima
Tue Jan 15, 2019 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage: 15 vs 30 year
Replies: 58
Views: 4653

Re: Mortgage: 15 vs 30 year

Typically rent goes up when interest goes up. OP can rent out a room or so to offset the interest reset. OP also need to save the ARM savings to pay toward principle so at the interest reset, the base is lower. Recession. It is amazing that folks forgot 2007/2009 recession easily. KlangFool recessi...
by WhiteMaxima
Tue Jan 15, 2019 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage: 15 vs 30 year
Replies: 58
Views: 4653

Re: Mortgage: 15 vs 30 year

I second the vote for a 7 or 10 year ARM. When I bought my starter home I knew I'd only be in it for 5-6 years. I locked into an incredibly low 7 year ARM rate and sure enough 4.5 years later we sold and moved. It made sense for us, and if you're confident you'll only be there for 8 years, I'd sugg...
by WhiteMaxima
Tue Jan 15, 2019 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage: 15 vs 30 year
Replies: 58
Views: 4653

Re: Mortgage: 15 vs 30 year

I second the vote for a 7 or 10 year ARM. When I bought my starter home I knew I'd only be in it for 5-6 years. I locked into an incredibly low 7 year ARM rate and sure enough 4.5 years later we sold and moved. It made sense for us, and if you're confident you'll only be there for 8 years, I'd sugg...
by WhiteMaxima
Mon Jan 14, 2019 5:02 pm
Forum: Personal Investments
Topic: Preservation of capital at Age 93
Replies: 26
Views: 3198

Re: Preservation of capital at Age 93

Could you super fund the 529 plan for your great great children. In that case, you do more aggressive.
by WhiteMaxima
Fri Jan 11, 2019 4:11 pm
Forum: Personal Investments
Topic: Biggest Investment Mistake
Replies: 164
Views: 11630

Re: Biggest Investment Mistake

saving too much, living poor life and dying rich.
by WhiteMaxima
Fri Jan 11, 2019 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: $40,000 in debt, bankruptcy seems to be the best option right now
Replies: 274
Views: 23309

Re: $40,000 in debt, bankruptcy seems to be the best option right now

https://www.bogleheads.org/forum/viewtopic.php?f=1&t=232853&newpost=4312194#p4311839 Thread above has a current update from a family that was in debt in 2017. A different kind of situation but some similar behaviors to what we have recommended here were needed to fix. Note the part where their inco...
by WhiteMaxima
Fri Jan 11, 2019 1:40 pm
Forum: Personal Investments
Topic: Preservation of capital at Age 93
Replies: 26
Views: 3198

Re: Preservation of capital at Age 93

Start to gift to your heirs now. Use maximum allowed. Happy life.
by WhiteMaxima
Fri Jan 11, 2019 1:14 pm
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 174
Views: 16356

Re: Around 43K in dividends last year - feel good about it ?

Can OP live on $43k dividend? With standard deduction at $24k. They probably owe very little taxes.
by WhiteMaxima
Fri Jan 11, 2019 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: $40,000 in debt, bankruptcy seems to be the best option right now
Replies: 274
Views: 23309

Re: $40,000 in debt, bankruptcy seems to be the best option right now

get a high paying job or just take a side 2nd job is not that difficult. Uber or Lyft can make 40k a year easily.
by WhiteMaxima
Fri Jan 11, 2019 12:03 pm
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 174
Views: 16356

Re: Around 43K in dividends last year - feel good about it ?

So better keep the dividend paying company in Roth IRA account.
by WhiteMaxima
Fri Jan 11, 2019 11:57 am
Forum: Personal Finance (Not Investing)
Topic: $40,000 in debt, bankruptcy seems to be the best option right now
Replies: 274
Views: 23309

Re: $40,000 in debt, bankruptcy seems to be the best option right now

As far as water bill, check leaking toilets (I had this happen, almost doubled my quarterly water bill!) and dripping faucets, much like high expense ratios, they add up. BK is not the end of the world and can be a good reset / new lease on your financial life if you are eligible. Talk to a BK lawy...