Search found 1029 matches

by rr2
Sun Mar 14, 2021 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Marginal effective tax rates 100%+ this year for 150 - 160k AGI
Replies: 174
Views: 13154

Re: Marginal tax rates 100%+ this year for 150 - 160k AGI

Our 2020 agi will end up in the 150-160k range while our 2019 is well below. Our 2021 agi may be below 150k. Haven't filed 2020 taxes yet. I expect that we will be getting the stimulus check. Will there be a clawback on the 2021 taxes? Thanks. There's no "clawback". You should wait to get...
by rr2
Sun Mar 14, 2021 3:26 am
Forum: Personal Finance (Not Investing)
Topic: Marginal effective tax rates 100%+ this year for 150 - 160k AGI
Replies: 174
Views: 13154

Re: Marginal tax rates 100%+ this year for 150 - 160k AGI

Our 2020 agi will end up in the 150-160k range while our 2019 is well below. Our 2021 agi may be below 150k. Haven't filed 2020 taxes yet. I expect that we will be getting the stimulus check. Will there be a clawback on the 2021 taxes? Thanks.
by rr2
Sun Feb 21, 2021 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: I Think I *Can* Buy This Home, *Should* I Buy It?
Replies: 44
Views: 3272

Re: I Think I *Can* Buy This Home, *Should* I Buy It?

Very good questions by @denovo. It was not obvious to me if the OP intended to sell their current house and move into this one. I just want to make an addition to Q2. I've got a bunch of questions. May help if you update your post? 1. Why are your in-laws selling? 2. Are you going to rent the proper...
by rr2
Thu Feb 18, 2021 4:31 pm
Forum: Personal Investments
Topic: What % of your TOTAL portfolio is in TIAA Trad?
Replies: 45
Views: 3340

Re: What % of your TOTAL portfolio is in TIAA Trad?

... I do expect that changes may be made at least to the liquid forms of TRAD much like the IRAs. For now my liquid TRAD inside my 403b still give at least 3%. TIAA closed the IRA 3% guaranteed Traditional in August 2013. IRA Traditional contributions since then only have 1% guarantee. Did you have...
by rr2
Thu Feb 18, 2021 4:00 pm
Forum: Personal Investments
Topic: What % of your TOTAL portfolio is in TIAA Trad?
Replies: 45
Views: 3340

Re: What % of your TOTAL portfolio is in TIAA Trad?

Close to 30%. TIAA Trad comprises our entire fixed income/bond allocation. Still working. rr2: You are the only respondent with a higher % than me. Do you have any concerns about credit risk given that you so much at TIAA? I have not thought about this at all. When I get closer to retirement, I wil...
by rr2
Wed Feb 17, 2021 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: Saving 50% of salary; what does it really mean?
Replies: 258
Views: 31674

Re: Saving 50% of salary; what does it really mean?

Mike Scott wrote: Wed Feb 17, 2021 5:49 pm For statistics and usage of median, average and percentile income in the US, check out this page...
https://dqydj.com/average-median-top-ho ... 0in%202019.
Thanks for the link. Very informative.
by rr2
Wed Feb 17, 2021 5:04 pm
Forum: Personal Investments
Topic: What % of your TOTAL portfolio is in TIAA Trad?
Replies: 45
Views: 3340

Re: What % of your TOTAL portfolio is in TIAA Trad?

Close to 30%. TIAA Trad comprises our entire fixed income/bond allocation. Still working.
by rr2
Sun Jan 03, 2021 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: Coming up with mortgage down payment
Replies: 74
Views: 4433

Re: Coming up with mortgage down payment

Plus add the fact that appreciation is not a guaranteed. Another anecdotal point: we were house envy after living in condos for 5 years so we purchased our 1st house in 2007 for $460k with 5% down in a red-hot market; our house to income ratio was 34% and I was thinking we were doing great! Fast fo...
by rr2
Sat Jan 02, 2021 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Coming up with mortgage down payment
Replies: 74
Views: 4433

Re: Coming up with mortgage down payment

Wait it out.

Is the 50-70K downpayment 10% or 20%? What is the house price you are aiming for?

You are making $220K and have around $80K all put together in NW. I assume that this income is very recent. Make a savings plan. Start a savings plan with IRA/401K/Taxable/and a down payment fund.
by rr2
Mon Nov 30, 2020 3:30 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block 2020 software offer
Replies: 426
Views: 33385

Re: H&R Block 2020 software offer

Fed + State at 22.49 now at amazon and also newegg.
by rr2
Wed Nov 18, 2020 1:51 am
Forum: Personal Investments
Topic: I may die poor
Replies: 160
Views: 17901

Re: I may die poor

All I had to read was the title “I may die poor” and the first thread “ I am 40yo - making 140k a year”. Seriously? If you read further, my question really is, what am I doing wrong? Was hoping to find something to dig into so I could research and educate myself to be in a better position - Granted...
by rr2
Sun Oct 25, 2020 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Potential job loss at 62
Replies: 37
Views: 4296

Re: Potential job loss at 62

If possible, refinance to a thirty year. Rates are really low.
by rr2
Fri Oct 23, 2020 9:24 pm
Forum: Personal Investments
Topic: Going “all in” on paying mortgage
Replies: 178
Views: 14736

Re: Going “all in” on paying mortgage

^^ Ben Mathew viewtopic.php?p=5562762#p5562762

Great post. Very well written.
by rr2
Wed Oct 14, 2020 5:53 pm
Forum: Investing - Theory, News & General
Topic: The Wrong Way to Think About Debt - The White Coat Investor
Replies: 215
Views: 27034

Re: The Wrong Way to Think About Debt - The White Coat Investor

I refinanced a house with a mortgage in the amount of $280 K almost 9 years ago. I had two choices -- either a 30 year at 3.5% or a 15 year at 2.875%. I took the 30 year at 3.5% and invested the difference every month in VTSAX. After 9 years: Mortgage balance = $225 K Mortgage balance assuming 15 ye...
by rr2
Tue Jun 09, 2020 4:23 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Friendly States
Replies: 441
Views: 36205

Re: Retirement Friendly States

We recently retired and moved to the Big Island. Like I said, no place is perfect. We are in our early 50s, and fairly healthy and active. Someday, the need for better healthcare may become an issue, or maybe it will improve here. But, for now we are enjoying everything this place has to offer. Eas...
by rr2
Sun Mar 08, 2020 3:38 am
Forum: Personal Investments
Topic: Guidance on investing Indian money in India and reducing tax liability in US
Replies: 4
Views: 535

Re: Guidance on investing Indian money in India and reducing tax liability in US

If the amount in USD is not much (as you mentioned) in both absolute terms and as a fraction of your assets, make your life simple and just transfer it all to the US after selling it. Less paperwork hassles makes it worth it.
by rr2
Sun Sep 23, 2018 2:11 pm
Forum: Personal Consumer Issues
Topic: Don't trust Tripadvisor reviews
Replies: 64
Views: 7762

Re: Don't trust Tripadvisor reviews

I wrote a fake review for Tripadvisor. https://www.tripadvisor.com/ShowUserReviews-g60491-d2255314-r554019017-Jackson_Hole_Mountain_Guides_Day_Tours-Jackson_Jackson_Hole_Wyoming.html Clearly creative writing is one of your other hobbies! :beer That was hilarious. I have never skied, but I might now...
by rr2
Mon Apr 02, 2018 8:57 pm
Forum: Personal Consumer Issues
Topic: New Microwave - what to select?
Replies: 11
Views: 1610

Re: New Microwave - what to select?

We got a powerful Panasonic "inverter technology" one about seven years ago and it still runs like a champ. This looks like the newer model of the same thing: https://www.amazon.com/gp/product/B01DEWZUJQ/ref=ask_ql_qh_dp_hza It is very fast, and the knob is a nicer interface than the butt...
by rr2
Wed Mar 28, 2018 5:31 pm
Forum: US Chapters
Topic: A lot of heavy hitters this morning
Replies: 244
Views: 31559

Re: A lot of heavy hitters this morning

Ok. I apologize. I did not intend to demoralize rather illustrate that you don’t need to be a doctor or a google employee to make it FI. Slow and steady savings gets you there. Lots of $100,000 jobs around. As long as husband and spouse makes $100,000 each it should be doable. I respectfully sugges...
by rr2
Wed Mar 21, 2018 3:25 am
Forum: Personal Finance (Not Investing)
Topic: Buying vs renting - really tough decision to make
Replies: 64
Views: 6472

Re: Buying vs renting - really tough decision to make

@ TheBogleWay -- This is the way I understand how I would apply the NY Times calculator. Your Case 1: 1M house -- Plug in the house price into the calculator. Adjust the other assumptions to match local conditions. It comes up with a rent. If you are able to rent a comparable house for less than the...
by rr2
Tue Mar 20, 2018 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: Buying vs renting - really tough decision to make
Replies: 64
Views: 6472

Re: Buying vs renting - really tough decision to make

OP -- Almost every single financial argument and fact presented in the OP logically points towards renting being the better option. Yet you claim to be emotionally torn. Why? Looking at at from the affordability viewpoint, it is probably OK given your joint income after marriage. I assume that you h...
by rr2
Tue Mar 20, 2018 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: Cash Advance on Credit Card for $3K Car
Replies: 43
Views: 3562

Re: Cash Advance on Credit Card for $3K Car

It's hard to tell without knowing what your spending and budget looks like. Assuming that you want to pay down in one year, the payments would be close to $300/month. This does not include gas, insurance, maintenance. I'd suggest you take a real good look at your budget and spending and then decide ...
by rr2
Mon Feb 26, 2018 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Which debt to pay down first?
Replies: 30
Views: 2335

Re: Which debt to pay down first?

I vote Option 4. But this depends on your preference. I would aim to get to have accumulated at least 25x Expenses (excluding debt) + Debt. In your case 25x + (325K). So are you saying once I have 25x + $325k I should then start paying down the debt instead of investing more in taxable? This was my...
by rr2
Sun Feb 25, 2018 11:59 pm
Forum: Personal Finance (Not Investing)
Topic: Which debt to pay down first?
Replies: 30
Views: 2335

Re: Which debt to pay down first?

I vote Option 4.

But this depends on your preference. I would aim to get to have accumulated at least 25x Expenses (excluding debt) + Debt. In your case 25x + (325K).
by rr2
Fri Feb 23, 2018 10:20 pm
Forum: Personal Consumer Issues
Topic: A Week in Barcelona in March
Replies: 3
Views: 603

Re: A Week in Barcelona in March

Lots to do in Barcelona. One of my favorite cities to visit. Day trips Figueres (Dali Museum if you like Dali stuff) Rupit (+ hiking) --> I went with a Meet Up group Insideout Barcelona. (https://www.meetup.com/Insideout-Barcelona/) Also, just outside Barcelona Sant Sadurni d Anoia has Cava Freixene...
by rr2
Thu Feb 22, 2018 9:22 pm
Forum: Personal Investments
Topic: Need $100,000 in 20 years. Help!
Replies: 52
Views: 6996

Re: Need $100,000 in 20 years. Help!

Isn't the amount revised yearly based on discretionary income and family size? Also if you get married and file jointly, total income is taken into account.
by rr2
Thu Nov 23, 2017 5:55 pm
Forum: Personal Consumer Issues
Topic: Chromebooks- What is the lure?
Replies: 157
Views: 23327

Re: Chromebooks- What is the lure?

I'm able to use the regular Chrome browser on my Chromebook to fill PDF forms. However, I cannot save it filled. What I do after filling is choose Print and then Save to PDF file. This PDF file preserves the entries that I made but loses the Fillability. No more changes can be made. It's been more t...
by rr2
Tue Nov 07, 2017 9:21 pm
Forum: Investing - Theory, News & General
Topic: "I took all my money out of the stock market and it feels amazing"
Replies: 69
Views: 11465

Re: "I took all my money out of the stock market and it feels amazing"

You can’t Time the market, but you can evaluate where you are relative to your goals, where the market is, and take rational action. With someone who has made great gains in the last decade, is very close to retirement goals, seeing modest forward looking equity returns with wide dispersion of poss...
by rr2
Tue Nov 07, 2017 8:55 pm
Forum: Investing - Theory, News & General
Topic: "I took all my money out of the stock market and it feels amazing"
Replies: 69
Views: 11465

Re: "I took all my money out of the stock market and it feels amazing"

Hmmm....I'm skeptical of something and wonder if someone can help me out. She says: Back in the early 1980s, I inherited $50,000. At the time, that was so much more money than I’d ever had before that I decided I’d better educate myself about financial matters. After much research, I put that money...
by rr2
Thu Nov 02, 2017 7:04 pm
Forum: Personal Investments
Topic: My 401k is almost all cash now. 1/2 Mil
Replies: 89
Views: 11687

Re: My 401k is almost all cash now. 1/2 Mil

Please take a look at the following video. No one can be more convincing than Jack Bogle. https://www.youtube.com/watch?v=k6ra5POdsYg Thanks for this link. I love listening to him. Very interesting that Bogle admitted to have himself market-timed before the 2000 crash by going down to an asset allo...
by rr2
Thu Nov 02, 2017 2:21 am
Forum: Personal Investments
Topic: My 401k is almost all cash now. 1/2 Mil
Replies: 89
Views: 11687

Re: My 401k is almost all cash now. 1/2 Mil

My strategy was, once market drops 20% I will start buying again. It worked in 2008. I moved 100% in sp500. Kept on selling till 2016 Feb. Now I am just waiting. I may start DCA into SPY a little bit and hope for a crash in next few years. Can you elaborate a little more? When in 2008 did you sell ...
by rr2
Thu Nov 02, 2017 1:55 am
Forum: Personal Investments
Topic: My 401k is almost all cash now. 1/2 Mil
Replies: 89
Views: 11687

Re: My 401k is almost all cash now. 1/2 Mil

My strategy was, once market drops 20% I will start buying again. It worked in 2008. I moved 100% in sp500. Kept on selling till 2016 Feb. Now I am just waiting. I may start DCA into SPY a little bit and hope for a crash in next few years. Can you elaborate a little more? When in 2008 did you sell ...
by rr2
Tue Oct 10, 2017 7:35 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 3500
Views: 582666

Re: What are you up YTD? [Year To Date]

16% YTD (up to 9/30/2017) with roughly an AA of 60/40 Stocks/Fixed Income.
by rr2
Tue Oct 10, 2017 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: [Boglehead vs Mr Money Mustache philosophies]
Replies: 203
Views: 23755

Re: [Boglehead vs Mr Money Mustache philosophies]

In my area we have local meetings of both Bogleheads and MMM followers. I've been to several of each over the last couple years. I feel a bit out of place at the MMM meetings because my high savings rate is due more to a high income than frugal living, and I have a gas guzzling car and a boat, but ...
by rr2
Mon Jul 24, 2017 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Pay yourself first.
Replies: 43
Views: 5388

Re: Pay yourself first.

This is the strategy we use. -- Payroll deductions to 401ks twice a month from each paycheck (7th and 22nd of each month). -- IRA contributions around the 15th of each month. -- Taxable account contribution the first of each month. All of the above are automated. The rest is in the checking account....
by rr2
Mon Apr 17, 2017 12:21 am
Forum: Personal Investments
Topic: I got a FACTA-related form from my home country?
Replies: 24
Views: 2401

Re: I got a FACTA-related form from my home country?

If it were me, I'd close the account and have my family member pay my bill. It is very easy to transfer money from the US to foreign bank accounts (in India for example) with very low fees (less than $5). Sorry to hijack the thread. How? Most banks seem to charge a lot to do a wire transfer, and se...
by rr2
Sun Apr 16, 2017 11:01 pm
Forum: US Chapters
Topic: Hawaii Bogleheads, where are you?
Replies: 29
Views: 6785

Re: Hawaii Bogleheads, where are you?

I would join but am on Big Island -- Hilo side ;)
by rr2
Sun Apr 16, 2017 10:39 pm
Forum: Personal Investments
Topic: I got a FACTA-related form from my home country?
Replies: 24
Views: 2401

Re: I got a FACTA-related form from my home country?

And does it matter than the foreign account is a joint account with a family member who is not a US citizen/resident/person/whatever? In fact, the money is arguably "not mine". I only use it once a year to pay some bills in the home country, and other than that I have told my family the m...
by rr2
Sat Apr 15, 2017 11:02 pm
Forum: Personal Investments
Topic: I got a FACTA-related form from my home country?
Replies: 24
Views: 2401

Re: I got a FACTA-related form from my home country?

Do you need that account to remain open. If not, just close that bank account and be done with it.
by rr2
Sat Jan 28, 2017 1:16 am
Forum: Investing - Theory, News & General
Topic: Scott Burns is Signing Off -- He'll be missed
Replies: 31
Views: 9616

Re: Scott Burns is Signing Off -- He'll be missed

I owe a particular debt to Miss Ozgood, my 11th grade English teacher. I wanted to be an engineer and an astronaut, but she started the fire. She asked her students to write sentences instead of diagraming them, and I did. School is not so easy and it is not for the most part very fun, but then, if...
by rr2
Sat Jan 28, 2017 1:12 am
Forum: Personal Consumer Issues
Topic: Priority Pass airport lounge access - Chase Sapphire Reserve perk (and possibly other cards)
Replies: 24
Views: 5303

Re: Priority Pass airport lounge access - Chase Sapphire Reserve perk (and possibly other cards)

traveltoomuch -- thank you. And I like your username :) To add another datapoint, there are two PP lounges in HNL. One is the IASS lounge (contract) in the main terminal which is small, somewhat dingy, and can get crowded. In comparison, the other lounge which is the HA Plumeria lounge in the inter...
by rr2
Fri Jan 27, 2017 1:50 pm
Forum: Personal Consumer Issues
Topic: Priority Pass airport lounge access - Chase Sapphire Reserve perk (and possibly other cards)
Replies: 24
Views: 5303

Re: Priority Pass airport lounge access - Chase Sapphire Reserve perk (and possibly other cards)

PP does not include UA lounge access, however, there maybe contract lounges that serve both. In the OP's case, NGO (Nagoya) is not a UA lounge, but a StarAlliance lounge which is also a PP contract lounge. Cruise -- Thanks for the explanation. Sorry to have caused the confusion. You are correct -- ...
by rr2
Thu Jan 26, 2017 7:41 pm
Forum: Investing - Theory, News & General
Topic: "Don't Overcomplicate Your Portfolio"
Replies: 27
Views: 5700

Re: "Don't Overcomplicate Your Portfolio"

Simplicity works. I have a friend who, over many years, has finally whittled his portfolio down to: 96% Target Retirement fund 4% credit union checking/savings He rebalances once a year. His motto is that money doesn't like to be micromanaged. The less you mess with your money, the more of it you'l...
by rr2
Thu Jan 26, 2017 6:55 pm
Forum: Personal Investments
Topic: Stocks/ETFs in Brokerage that would stand strong against a crash
Replies: 10
Views: 1229

Re: Stocks/ETFs in Brokerage that would stand strong against a crash

This is just my opinion BUT

Nobody Knows Nothing

And if anyone claims they do, run away. Run far away.

Good luck!
by rr2
Thu Jan 26, 2017 6:28 pm
Forum: Investing - Theory, News & General
Topic: "Don't Overcomplicate Your Portfolio"
Replies: 27
Views: 5700

Re: "Don't Overcomplicate Your Portfolio"

Simplicity works. I have a friend who, over many years, has finally whittled his portfolio down to: 96% Target Retirement fund 4% credit union checking/savings He rebalances once a year. His motto is that money doesn't like to be micromanaged. The less you mess with your money, the more of it you'l...
by rr2
Thu Jan 26, 2017 6:16 pm
Forum: Personal Consumer Issues
Topic: Priority Pass airport lounge access - Chase Sapphire Reserve perk (and possibly other cards)
Replies: 24
Views: 5303

Re: Priority Pass airport lounge access - Chase Sapphire Reserve perk (and possibly other cards)

-- Lounge access can be restricted based on times. Have you actually ever tried to access a lounge during a restricted period? I'm not doubting that they will turn someone away but just wondering if anyone has experienced it firsthand. Based on my experience of having entered during an open period ...
by rr2
Thu Jan 26, 2017 4:57 pm
Forum: Personal Consumer Issues
Topic: Priority Pass airport lounge access - Chase Sapphire Reserve perk (and possibly other cards)
Replies: 24
Views: 5303

Re: Priority Pass airport lounge access - Chase Sapphire Reserve perk (and possibly other cards)

Here's my experience so far. -- Lounge access can be restricted based on times. -- Lounge can be far from your gate or even in a different terminal/concourse. In some cases, this can be very inconvenient. For example at NRT, lounge access is only available beyond immigration. So if you are transitin...
by rr2
Wed Jan 25, 2017 5:34 pm
Forum: Personal Consumer Issues
Topic: best way to buy TaxAct
Replies: 39
Views: 6770

Re: best way to buy TaxAct

Using thebigad's link, I was able to get the online Plus version (federal+state) for $20. Thanks.
by rr2
Tue Jan 24, 2017 8:26 pm
Forum: Personal Consumer Issues
Topic: Getting the best current mortage interest rate
Replies: 10
Views: 1976

Re: Getting the best current mortage interest rate

This was a while ago (2011/2012) when I did my last couple refi's using an online broker (First Internet Bank). Everything did go mostly well but it did require being on top of the process. Everything was via email/internet and required responding to requests on time. They had the best rates for a g...