Search found 72 matches

by HoleInTheAir
Tue Jul 09, 2019 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Reduce investments for mortgage or continue as is
Replies: 5
Views: 564

Re: Reduce investments for mortgage or continue as is

Yes, we went with the 30-year, in case my wife has extended unemployment periods due to kids. We don't currently have any. I think we'll continue making the 30-year payment, and extra principal payments with our three check months (since we're both paid bi-weekly). As we earn more (hopefully) there ...
by HoleInTheAir
Mon Jul 08, 2019 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Reduce investments for mortgage or continue as is
Replies: 5
Views: 564

Reduce investments for mortgage or continue as is

All, What would you do in this situation? Age : 27 (Him), 28 (Her) Salary : $118K gross combined Investments : $257K, about $190K in 401K/IRAs, and the remainder in taxable Savings : 30% gross of their money, 35% when you include matching Debt : None other than mortgage Emergency : keep a slush fund...
by HoleInTheAir
Wed Jan 30, 2019 4:56 pm
Forum: Personal Investments
Topic: Advice: ease off investing or use taxable for down payment
Replies: 15
Views: 637

Re: Advice: ease off investing or use taxable for down payment

Of the $215K assets, about $37K is taxable. At the start of the year it was about $50K, but I sold $12K for our 2019 Roth IRA contributions. So there's about $70,000 in IRAs and $120,000 in 401Ks. Most all of the IRA money is Roth, and about 75% of the 401K is Traditional (His 401K has a Roth option...
by HoleInTheAir
Wed Jan 30, 2019 1:44 pm
Forum: Personal Investments
Topic: Advice: ease off investing or use taxable for down payment
Replies: 15
Views: 637

Re: Advice: ease off investing or use taxable for down payment

Am I missing something? How is option 2 not the objectively correct answer? You save on taxes, period. I don't understand the psychological barrier of using up $50k in taxable but being okay with using up $50k in tax-advantaged. As for having money for early retirement, isn't that what a Roth IRA i...
by HoleInTheAir
Wed Jan 30, 2019 12:56 pm
Forum: Personal Investments
Topic: Advice: ease off investing or use taxable for down payment
Replies: 15
Views: 637

Re: Advice: ease off investing or use taxable for down payment

There is nothing wrong with saving for retirement in taxable, but having started this young and already maxing out your 401ks and IRAs....you will likely need little to nothing in taxable to be very comfortable. Keep up the good work! Thanks. The only reason we were using taxable is to have somethi...
by HoleInTheAir
Wed Jan 30, 2019 12:44 pm
Forum: Personal Investments
Topic: Advice: ease off investing or use taxable for down payment
Replies: 15
Views: 637

Re: Advice: ease off investing or use taxable for down payment

Agree with retiredjg about taking it out of taxable. If you continue to max (I'm assuming you're maxing) 401k's and Roth IRAs, you'll be in a very, very good position for retirement without a cent in taxable. Or think of it this way: if you do option 1, you're essentially giving up tax-advantaged s...
by HoleInTheAir
Wed Jan 30, 2019 12:43 pm
Forum: Personal Investments
Topic: Advice: ease off investing or use taxable for down payment
Replies: 15
Views: 637

Re: Advice: ease off investing or use taxable for down payment

I don't think it matters much. At your savings rate, you can afford the house no matter which choice you make. I'd probably take the money out of taxable. If you find your dream house now, you'll need to use the money in taxable. If you don't find your dream house for awhile you can take time to sa...
by HoleInTheAir
Wed Jan 30, 2019 12:29 pm
Forum: Personal Investments
Topic: Advice: ease off investing or use taxable for down payment
Replies: 15
Views: 637

Advice: ease off investing or use taxable for down payment

Hello! I'm having a hard time mentally between two approaches for a house down payment. My wife and I are committed to having 20% down for a future house, which given the housing we're looking at it, will probably need to be about $50-60,000 (homes in the $250-300K range). We're currently 26/27, mak...
by HoleInTheAir
Fri Oct 19, 2018 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Depositing Cash if it was gifted?
Replies: 113
Views: 7198

Re: Depositing Cash if it was gifted?

I was in a similar position somewhat recently. I just used the cash for normal spending, and redirected the equivalent that I would have used into a taxable account. Just be disciplined with it, and don't spend money you wouldn't normally. Use it for gas and groceries for 6 months.
by HoleInTheAir
Mon Jul 30, 2018 9:41 am
Forum: Personal Consumer Issues
Topic: Any Boglehead powerlifters?
Replies: 115
Views: 9226

Re: Any Boglehead powerlifters?

Lifted weights for football in high school, did a bodybuilding show in college, and then really focused on PL, and got up to a 330 bench, 585 deadlift, and 510 squat. I was about 215 at the time. Since that time, I started doing some hard running, and managed a 5:28 mile and 19:57 5K at 5'11, 200 p...
by HoleInTheAir
Sun Jul 29, 2018 2:12 pm
Forum: Personal Consumer Issues
Topic: Any Boglehead powerlifters?
Replies: 115
Views: 9226

Re: Any Boglehead powerlifters?

Lifted weights for football in high school, did a bodybuilding show in college, and then really focused on PL, and got up to a 330 bench, 585 deadlift, and 510 squat. I was about 215 at the time. Since that time, I started doing some hard running, and managed a 5:28 mile and 19:57 5K at 5'11, 200 po...
by HoleInTheAir
Tue Jul 24, 2018 7:48 pm
Forum: Personal Investments
Topic: Front-loading 401K, like Maxing Roth on JAN 1
Replies: 4
Views: 550

Re: Front-loading TSP, like Maxing Roth on JAN 1

I personally do this with my company's 401K, if only because I like to go ahead and get the 401K mostly done earlier in the year. I do this so I can then use the rest of the year to move money into taxable. I tried mixing the two - contributing to the 401K for the full year and putting in $500/month...
by HoleInTheAir
Thu Jul 05, 2018 6:50 pm
Forum: Investing - Theory, News & General
Topic: Best 401k Employer Match Structure
Replies: 132
Views: 15103

Re: Best 401k Employer Match Structure

Mine - 50% up to 4% - pretty standard, but we do have a Roth 401K option.

Wife's - 50% up to 14%, so she gets 7%.
by HoleInTheAir
Sun Jun 24, 2018 2:11 pm
Forum: Personal Investments
Topic: Is this all investing is?
Replies: 38
Views: 4161

Re: Is this all investing is?

You sound a lot like me, OP. My wife and I are 26, and we have about 2x our gross income saved, and save about 35% of our gross income. Before I met her, I did nothing; never went out, did the same routine every day, but I was very unfulfilled and unhappy, when I had no reason to be. When I met her,...
by HoleInTheAir
Wed Jun 20, 2018 11:17 am
Forum: Personal Investments
Topic: Taxable Investment Help
Replies: 21
Views: 2123

Re: Taxable Investment Help

Okay, so I have done a bit more research on this, and I think I messed up the way my portfolio should be setup. Currently my 401K is 100% invested in VINIX, which i am comfortable with at the moment. Currently my ROTH is 100% invested in VTSAX, which i thought was the right move, but I think might ...
by HoleInTheAir
Sun Jun 03, 2018 8:01 am
Forum: Personal Consumer Issues
Topic: Need advice on 1st international vacation
Replies: 106
Views: 7770

Re: Need advice on 1st international vacation

To piggyback off the original question, does anyone have any ideas for dealing with anxiety from flying? My wife and I, along with some friends, are going to Ireland later this year for about a week, and that 8-hr flight already has me nervous. I've flown about a dozen times so far - all domestic - ...
by HoleInTheAir
Thu May 31, 2018 3:21 pm
Forum: Personal Consumer Issues
Topic: Oatmeal suggestions
Replies: 167
Views: 27260

Re: Oatmeal suggestions

For the last five years or so, I've had the same thing - 65g dry measure oats with water, and when it's real hot, stir in some cinnamon, and then place a piece of dark chocolate and 32g of PB on top. Let it melt, and then spread over the top. Bare in mind, this is 600 calories, so if you're on a low...
by HoleInTheAir
Tue May 29, 2018 5:34 pm
Forum: Personal Investments
Topic: Vanguard Total Stock Market Index vs 500 Index
Replies: 18
Views: 6832

Re: Vanguard Total Stock Market Index vs 500 Index

Both are great investments and would make a great core holding in a portfolio. As a poster above said, VTSAX doesn't have so much mid/small that it has a significant impact on returns against the S&P. If you think there's a benefit in small/mid cap companies, get the S&P 500 Index, and a small/mid c...
by HoleInTheAir
Sun May 27, 2018 7:59 pm
Forum: Personal Investments
Topic: When and how often do you rebalance
Replies: 52
Views: 5629

Re: When and how often do you rebalance

I personally take an 'investment audit' each quarter (1/1, 4/1, 7/1, 10/1), where I go get the balances, check Morningstar for the portfolio (split between assets, as well as stock category). As long as I haven't drifted by more than a few percent, I don't take any action. This may be too frequent ...
by HoleInTheAir
Sun May 27, 2018 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: What was your experience inheriting assets held at Vanguard?
Replies: 24
Views: 2500

Re: What was your experience inheriting assets held at Vanguard?

What do they do in a situation where you have say - a taxable account, two Roths, and two Traditionals - split between two heirs? Do the funds get liquidated half in all accounts and transferred that way?
by HoleInTheAir
Sun May 27, 2018 12:27 pm
Forum: Investing - Theory, News & General
Topic: The Savings Rate Grid
Replies: 47
Views: 7720

Re: The Savings Rate Grid

Question on the net worthify calculator - does it assume that your income is gross? I ask because we save 36% gross, but it works out to closer to 85% of our actual living income. We live on about $4000 a month and save about $3400 a month.
by HoleInTheAir
Sun May 27, 2018 9:34 am
Forum: Personal Investments
Topic: When and how often do you rebalance
Replies: 52
Views: 5629

Re: When and how often do you rebalance

I personally take an 'investment audit' each quarter (1/1, 4/1, 7/1, 10/1), where I go get the balances, check Morningstar for the portfolio (split between assets, as well as stock category). As long as I haven't drifted by more than a few percent, I don't take any action. This may be too frequent f...
by HoleInTheAir
Sat May 26, 2018 8:30 am
Forum: Personal Consumer Issues
Topic: Rowing machine
Replies: 32
Views: 3046

Re: Rowing machine

Ditto Concept 2. Minimum maintenance and it keeps on working. Two suggestions: (1) Don't forget to do core exercises too. (2) If you cruise, cruise ship gyms often have Concept 2 machines. You will want to do your daily routine. Do not use the rower if seas are rocking. The gym is high up, the moti...
by HoleInTheAir
Sat May 26, 2018 8:29 am
Forum: Investing - Theory, News & General
Topic: I'm an indexer... but...
Replies: 37
Views: 5270

Re: I'm an indexer... but...

I have a small stake in some actively managed funds, OP, but the core of my portfolio - as many others here - are Index funds. Index products keep costs low, keep you in line with the market, and give you great diversification. I view actively managed funds as my 'picks' much in the way some people ...
by HoleInTheAir
Fri May 25, 2018 9:24 pm
Forum: Personal Investments
Topic: Mid-30's portfolio review, Married, 2 kids.
Replies: 9
Views: 3516

Re: Mid-30's portfolio review, Married, 2 kids.

HoleInTheAir - Thank you for your comments. Very appreciated. I like the style of your breakdown. I'm headed toward something similar. I've been looking at the Fidelity Index funds. It seems the US equity funds still have some LT/ST capital gains, not only qualified dividends like VTSAX. I'm trying...
by HoleInTheAir
Fri May 25, 2018 9:20 pm
Forum: Personal Consumer Issues
Topic: Rowing machine
Replies: 32
Views: 3046

Re: Rowing machine

Just save up a little longer and get the C2. I've had it for over two years and have rowed multiple times per week that whole span - looks and feels brand new. Their quality is second to none.
by HoleInTheAir
Thu May 24, 2018 10:38 am
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 892
Views: 112426

Re: Post your Financial Milestone Announcements Here

My wife and I hit $200,000 in investments this week at 26(Him)/27(Her).
No debt, but also renting, so will have to cool off retirement savings a bit to get a house down payment fund started to get the 20% down to avoid PMI.
by HoleInTheAir
Wed May 23, 2018 8:43 pm
Forum: Personal Investments
Topic: Mid-30's portfolio review, Married, 2 kids.
Replies: 9
Views: 3516

Re: Mid-30's portfolio review, Married, 2 kids.

Things look pretty good, but it looks like you fell into the same trap I did for a time - too many funds/ETFs, many of which have too small of a percentage in the overall portfolio to have a meaningful impact. I don't personally use any commodities, REITs, or TIPS in my portfolio. I took a hard look...
by HoleInTheAir
Tue May 22, 2018 1:23 pm
Forum: Personal Investments
Topic: Difficulty with Parents-In-Law
Replies: 25
Views: 1829

Re: Difficulty with Parents-In-Law

These are all great points. Thanks for commenting. I've always helped friends and family with finances; setting up 401K/IRA investments, paying off loans, etc., and so it's my instinct to want to help, but this has definitely shown me to only help the willing. As I told her, if they need my help, I'...
by HoleInTheAir
Tue May 22, 2018 1:15 pm
Forum: Personal Investments
Topic: Difficulty with Parents-In-Law
Replies: 25
Views: 1829

Re: Difficulty with Parents-In-Law

Couple of things from the recent posts: 1. My Dad didn't suggest I reach out to them about it. He is just very open about his and my mother's finances, so I was just them using as a counterpoint. 2. My FIL showed me the investments and what they were without my prompting. But when I dug in and poin...
by HoleInTheAir
Tue May 22, 2018 1:08 pm
Forum: Personal Investments
Topic: Difficulty with Parents-In-Law
Replies: 25
Views: 1829

Re: Difficulty with Parents-In-Law

Thanks for the suggestions. I called my MIL and talked about 45 minutes over the weekend, and tried to patch it up. I told her I would always be available to help, and would bend over backward if they needed it. But I wasn't going to broach the topic anymore.
by HoleInTheAir
Tue May 22, 2018 1:01 pm
Forum: Personal Investments
Topic: Difficulty with Parents-In-Law
Replies: 25
Views: 1829

Re: Difficulty with Parents-In-Law

Couple of things from the recent posts: 1. My Dad didn't suggest I reach out to them about it. He is just very open about his and my mother's finances, so I was just them using as a counterpoint. 2. My FIL showed me the investments and what they were without my prompting. But when I dug in and point...
by HoleInTheAir
Tue May 22, 2018 12:41 pm
Forum: Personal Investments
Topic: Difficulty with Parents-In-Law
Replies: 25
Views: 1829

Difficulty with Parents-In-Law

Hey everyone, Not sure where else I can go with this, but I always have gotten extremely good guidance/suggestions from this forum for the questions I had, so here I am. My wife and I are in great shape. We make about $110K together, have no debt, and are right around $200K in investments. We're in ...
by HoleInTheAir
Thu May 17, 2018 2:48 pm
Forum: Personal Investments
Topic: VWELX [Vanguard Wellington]
Replies: 50
Views: 10810

Re: VWELX [Vanguard Wellington]

Can some kind person explain to me how to interpret Wellington's gains when looking at cost basis on Vanguard? The gains seem piddly compared to my other holdings, despite the fact that I've been holding and adding since 2013. Is that because I bought 1/4 of my holdings recently, raising the averag...
by HoleInTheAir
Wed May 16, 2018 2:36 pm
Forum: Personal Investments
Topic: Vanguard Morgan growth fund
Replies: 14
Views: 1292

Re: Vanguard Morgan growth fund

Good deal. The only other thing to keep in mind is the construct of some of these active funds. If you look at the Portfolio page for some of these funds, you'll see that some hold as much 10-15% in international, and another 5-10% in cash, so they're not usually 100% in domestic stock (or close to)...
by HoleInTheAir
Wed May 16, 2018 1:23 pm
Forum: Personal Investments
Topic: Vanguard Morgan growth fund
Replies: 14
Views: 1292

Re: Vanguard Morgan growth fund

I personally have a small position in Morgan Growth, along with the more commonly suggested funds like VTSAX, VBTLX, VTIAX. I use a mix of index funds to keep costs low, and then pick reasonably priced, solid active funds to round out my portfolio. In my spreadsheet, I pull the data from Morningstar...
by HoleInTheAir
Tue May 08, 2018 10:21 am
Forum: Personal Investments
Topic: Helping my father-in-law with his 401K portfolio
Replies: 6
Views: 662

Re: Helping my father-in-law with his 401K portfolio

I didn't give you much a response, but here's what I'd do were I in your position and my FIL was willing to move everything over to VG: 1. I'd do an "in-kind" transfer to Vanguard, where he would own the same funds he has currently at Vanguard OR I would sell everything before moving it to VG. Eithe...
by HoleInTheAir
Mon May 07, 2018 8:06 pm
Forum: Personal Investments
Topic: Helping my father-in-law with his 401K portfolio
Replies: 6
Views: 662

Re: Helping my father-in-law with his 401K portfolio

You are absolutely correct. I checked the statements again and saw an Advisory fee of $229 per month. More reason to move it out. Thank you, again! Yep, I was afraid of that. They ding my FIL for about 1.5% annually. He doesn't pay attention to it since he's "going up". He's in a weird smattering o...
by HoleInTheAir
Mon May 07, 2018 1:06 pm
Forum: Personal Investments
Topic: Helping my father-in-law with his 401K portfolio
Replies: 6
Views: 662

Re: Helping my father-in-law with his 401K portfolio

Firstly, good for him for being willing to listen to a different opinion and considering moving his money to lower expense funds. My FIL has holdings with ML, too, and I've tried to convince him to move to a different firm, but to no avail. One thing to check, see if he's also paying an 'Investment ...
by HoleInTheAir
Mon Apr 02, 2018 10:19 am
Forum: Personal Investments
Topic: Portfolio Questions
Replies: 2
Views: 420

Re: Portfolio Questions

It is pretty difficult to picture what you have given the lack of details. I would not keep increasing the extended market beyond a suitable ratio. There must be other suitable funds such as bond, international, etc. You can use the IRAs to fill in what is missing. Are you selling ESPP ASAP? Not go...
by HoleInTheAir
Mon Apr 02, 2018 9:22 am
Forum: Personal Investments
Topic: Portfolio Questions
Replies: 2
Views: 420

Portfolio Questions

All, I have a few questions about our portfolio, some approaches, and just general thoughts. Background: Him: 26; Her: 27 Income: $108,000 total (almost 50/50 split) Debt: None; currently renting Tax Filing: Married, filing jointly Savings: His 401K: 35% contribution to max $18.5K (17% Roth, 18% Tra...
by HoleInTheAir
Sat Dec 23, 2017 11:08 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 4635
Views: 1196238

Re: What Movie Have You Recently Watched?

I surf these forums often, and just found this thread. I watch a lot of movies, probably average close to 5-7 per week annually. Here was this week: Cult of Chucky - I liked the first three films in this series, and the sixth film, Curse, was a step in the right direction. This one moved the series ...
by HoleInTheAir
Sun Dec 03, 2017 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: Using taxable for house down payment
Replies: 10
Views: 1694

Re: Using taxable for house down payment

Thanks for the replies, everyone. We're still weighing out renting versus buying (looked at some homes today). I think for me, mentally, this may be a good exercise, because in retirement, I will need to use this money I saved over the years. For me, I think it's as much about saving and seeing the ...
by HoleInTheAir
Sun Dec 03, 2017 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Using taxable for house down payment
Replies: 10
Views: 1694

Re: Using taxable for house down payment

Thanks for the replies. My wife has a new job that will keep us here for at least two more years, and her parents are aging (67 & 70), and going downhill, so we need to be nearby for them. If with 0% down, the totality of the mortgage is less than my $1250 rent, am I still not okay with that route? ...
by HoleInTheAir
Sun Dec 03, 2017 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Using taxable for house down payment
Replies: 10
Views: 1694

Using taxable for house down payment

Hey everyone, My wife and I are considering becoming homeowners. We earn about $110,000 combined, and are looking at homes in the $185-225,000 range. I think this is reasonable. Currently, we're paying $1,250 per month in rent. We save 37% of our income ($3400 a month) in our 401Ks and IRAs, and hav...
by HoleInTheAir
Tue Sep 05, 2017 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: how often does high ACT score == scholarship?
Replies: 102
Views: 11678

Re: how often does high ACT score == scholarship?

Crazy to think that doesn't get you everything at some universities. I was a 3.8 GPA and 27 ACT, and got a full tuition scholarship to a smaller, in-state public university. Is he dead set on a university that won't give him a full ride? I lived at home while I went to college, so it was all covered...
by HoleInTheAir
Sun Aug 13, 2017 2:36 pm
Forum: Personal Investments
Topic: How to not obsess over investments?
Replies: 45
Views: 5368

Re: How to not obsess over investments?

I'm taking a step back and reading more on coming up with a definitive investment plan. Do I want to tilt towards small/mid caps? What should my asset allocation be given my risk tolerance? What portion of my holdings do I want in International Funds? These are questions that should have been explo...
by HoleInTheAir
Fri Aug 11, 2017 10:25 pm
Forum: Personal Investments
Topic: How to not obsess over investments?
Replies: 45
Views: 5368

Re: How to not obsess over investments?

Thanks for the replies, everyone. I'm taking a step back and reading more on coming up with a definitive investment plan. Do I want to tilt towards small/mid caps? What should my asset allocation be given my risk tolerance? What portion of my holdings do I want in International Funds? These are ques...
by HoleInTheAir
Wed Aug 09, 2017 11:47 am
Forum: Personal Investments
Topic: How to not obsess over investments?
Replies: 45
Views: 5368

Re: How to not obsess over investments?

I dealt with this for a while, and still do. The general progression for us was Dave Ramsey --> Mr. Money Mustache --> Bogleheads. For us it wasn't just about starting to invest, there were some decent lifestyle changes that took place. Part of why I used to check balances daily was a fear of pover...
by HoleInTheAir
Wed Aug 09, 2017 11:31 am
Forum: Personal Investments
Topic: How to not obsess over investments?
Replies: 45
Views: 5368

Re: How to not obsess over investments?

You could always try books about investing or listening to podcasts, since you are obviously very interested in it all. That would give you something to read, listen, and learn, and distract you from checking your accounts. Of course it could prompt you to do something with your investments, which ...