Search found 120 matches

by B3GINN3R
Fri Jan 08, 2021 1:26 pm
Forum: Personal Investments
Topic: 28 yo portfolio checkup
Replies: 7
Views: 551

Re: 28 yo portfolio checkup

I am not sure what VBI etf is, I am unable to locate it through quick google search. But with only $12k in that ETF, really does not matter. Question 1: Only you can tell what your SWAN (sleep-well-at-night) factor is. I recommend Age-20 allocation to bonds. By that token you should have 10% in bon...
by B3GINN3R
Fri Jan 08, 2021 12:18 pm
Forum: Personal Investments
Topic: Investing in Family Member Startup
Replies: 17
Views: 1102

Re: Investing in Family Member Startup

This is a good question, but one I don't know the answers to... Broadly you need to understand whether you are providing a loan or buying equity. If equity, you want to know what percentage of the company you are buying, what if any opportunities there are to cash out, what level of oversight you'l...
by B3GINN3R
Fri Jan 08, 2021 11:53 am
Forum: Personal Investments
Topic: 28 yo portfolio checkup
Replies: 7
Views: 551

28 yo portfolio checkup

Just want to do a yearly check in to see if you guys have any advice on changes to make, or whether to just keep on chuggin', also a couple questions below. Married 28 y.o.'s, a kid on way, HCOL His income - $320k+ (depending on bonus) Her income - $60k Total yearly expenses - ~$75k Cash - $133,000 ...
by B3GINN3R
Thu Jan 07, 2021 2:38 pm
Forum: Personal Investments
Topic: Investing in Family Member Startup
Replies: 17
Views: 1102

Re: Investing in Family Member Startup

What documents you need is a question you should simply ask your attorney. If you don't have an attorney overseeing what you're doing here, you're simply not serious about this. You family should also have attorneys overseeing how investment in the business is handled. If that's not the case, then ...
by B3GINN3R
Thu Jan 07, 2021 2:25 pm
Forum: Personal Investments
Topic: Investing in Family Member Startup
Replies: 17
Views: 1102

Re: Investing in Family Member Startup

This is a good question, but one I don't know the answers to... Broadly you need to understand whether you are providing a loan or buying equity. If equity, you want to know what percentage of the company you are buying, what if any opportunities there are to cash out, what level of oversight you'l...
by B3GINN3R
Thu Jan 07, 2021 1:15 pm
Forum: Personal Investments
Topic: Investing in Family Member Startup
Replies: 17
Views: 1102

Re: Investing in Family Member Startup

Shallowpockets wrote: Thu Jan 07, 2021 1:11 pm Why ask these questions if you are already fully prepared to lose and it will make no difference on your life? You seem to believe he can make it, so just give him the money.
It's more what type of documentation do I need to put into place. I was hoping some people here may have some experience.
by B3GINN3R
Thu Jan 07, 2021 12:57 pm
Forum: Personal Investments
Topic: Investing in Family Member Startup
Replies: 17
Views: 1102

Investing in Family Member Startup

My family member is starting a business i strongly believe can be successful. I have an opportunity to invest at the very beginning as he needs some capital. The level of investment required is an amount that I fully expect to lose and if I lose, will make literally no difference in my life. It woul...
by B3GINN3R
Wed Jan 06, 2021 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Escalation Clause in a Home Purchase
Replies: 26
Views: 1877

Re: Escalation Clause in a Home Purchase

Can you put in a lower offer with some small amount of earnest money and a ROFR and let Owner keep marketing?
by B3GINN3R
Wed Dec 30, 2020 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: New "second" Home
Replies: 6
Views: 592

Re: New "second" Home

OP, you are too young to have such a high proportion of budget and net worth self consumed, i.e. not rented, housing. Even if you could technically afford it, it seems far from optimal in terms of your long term wealth trajectory. To be clear, you mean to much in cash and that I should put that cas...
by B3GINN3R
Wed Dec 30, 2020 11:36 am
Forum: Personal Finance (Not Investing)
Topic: New "second" Home
Replies: 6
Views: 592

New "second" Home

Please let me know what you think of this scenario: Currently live in big city with VHCOL. 28 years old, gross HHI is ~340k. Current assets are: $221k cash $298k in 3 fund boglehead portfolio. No debt Currently renting 2br/2br for 4k/mo in big city. Since pandemic occurred, have basically been remot...
by B3GINN3R
Mon Nov 30, 2020 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with downpayment savings
Replies: 1
Views: 233

What to do with downpayment savings

Prior to COVID, we were looking to buy a house/condo. Decided that we wanted to wait and juice our downpayment savings. Our current numbers sit as follows: Age - 28/28 His income - 300-350k, will probably stay the same, may dip a little or go up a lot, who knows. Won't fall below 250k Her income - 6...
by B3GINN3R
Sun Nov 15, 2020 5:02 pm
Forum: Investing - Theory, News & General
Topic: What is a High Earner bracket
Replies: 119
Views: 8744

Re: What is a High Earner bracket

You putting those percentages at single or married or what?
by B3GINN3R
Fri Oct 09, 2020 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Monthly Budget Comparisons
Replies: 68
Views: 5090

Re: Monthly Budget Comparisons

30833 Gross Monthly Income rent - 3850 Groceries - 1400 Restaurants - 500 Gas - 200 Entertainment - 700 Misc - 400 ------------------------- 7050/MO Total Gross = 370000 Total Non-tax Expenses 7050*12=84600 Total Tax = ~85000 Savings = 200400 As long as I am saving 50% of gross, I don't really care ...
by B3GINN3R
Thu Sep 10, 2020 12:08 pm
Forum: Personal Investments
Topic: Callable Note - 4%, 20 years.
Replies: 7
Views: 654

Re: Callable Note - 4%, 20 years.

Is it secured or unsecured? Either way would never buy a note maturing in 20 years at only 4%.
by B3GINN3R
Tue Aug 25, 2020 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Purchasing "second" home first
Replies: 10
Views: 875

Re: Purchasing "second" home first

bumping before it goes to low.
by B3GINN3R
Tue Aug 25, 2020 8:38 am
Forum: Personal Finance (Not Investing)
Topic: Purchasing "second" home first
Replies: 10
Views: 875

Purchasing "second" home first

I want to gut check something here to see if it is crazy. Married 28 year old. Entire family lives in MCOL area hometown. I moved to big city for job (about 4 hours from hometown). COVID has sent us home for an extended period of time, living with parents. My job is pretty easy to do remotely and no...
by B3GINN3R
Mon Jun 08, 2020 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2475
Views: 564559

Re: Share your net worth progression

Age 26, Married 2010-$0 2014-$0 2016-(30,000) 2017-(15,000) 2018-$98,000 today- $162,000 Age 27, Married 2010-$0 2014-$0 2016-(30,000) 2017-(15,000) 2018-$98,000 May 2019 - $162,000 December 2019 - $245,000 Workin hard! 6 month update! Age 28, Married, goal is to get to 500k all in by 30 (including...
by B3GINN3R
Sun Mar 29, 2020 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: House Buying Advice - Contract Already Signed
Replies: 39
Views: 3872

Re: House Buying Advice - Contract Already Signed

Some of the other comments here seem a bit short sighted. A contract is nothing more than a financial agreement. There is no “moral” downside in breaking a contract. A part of every contract is what happens on the event either party breaches that contract. You may lose the earnest money etc. That is...
by B3GINN3R
Tue Mar 17, 2020 8:57 pm
Forum: US Chapters
Topic: How Is Your Job Being Impacted By The Current Crisis?
Replies: 505
Views: 56889

Re: How Is Your Job Being Impacted By The Current Crisis?

lawyer--I have never been busier.
by B3GINN3R
Fri Mar 13, 2020 2:06 pm
Forum: Personal Investments
Topic: 28yo couple heading into first bear market/recession - portfolio check in
Replies: 7
Views: 640

Re: 28yo couple in first recession - portfolio check in

Worst case scenario is that he loses his job and her internship falls through followed by a solid stretch of time struggling to find work. I think you are right to be in stocks at this age and to keep buying. I might suggest getting that emergency fund up to 12-16 months if you can, but beyond that...
by B3GINN3R
Fri Mar 06, 2020 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Which apt would you go for
Replies: 13
Views: 912

Re: Which apt would you go for

#2. More space, nice park, and I prefer a 12 minute walk to work to a 3 minute walk. If you don't, 9 extra minutes is still nothing, with the $150/month + space + park. But why are these the three finalists? They are all expensive. Not considering neighborhoods requiring a commute? Unfortunately we...
by B3GINN3R
Fri Mar 06, 2020 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Which apt would you go for
Replies: 13
Views: 912

Which apt would you go for

Following up on previous post re mortgage. We decided to rent another year or two. Three available apartments, hoping to get some opinions on whether you think the amount is worth it. I live in a vhcol location, hhi is pretty secure at about 340k. It is wife and I with potentially a kid while in thi...
by B3GINN3R
Wed Mar 04, 2020 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: How quickly did you receive your 2019 tax refund?
Replies: 111
Views: 8765

Re: How quickly did you receive your 2019 tax refund?

Submitted 2/14, still waiting. After seeing these others, I'm getting a little worried that I messed something up.... Filed Feb 13 electronically H&R Block, direct deposit refund received today March 4. There is a fast track (around 1 week) refund level and the the several weeks folks don't pas...
by B3GINN3R
Thu Feb 27, 2020 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: How quickly did you receive your 2019 tax refund?
Replies: 111
Views: 8765

Re: How quickly did you receive your 2019 tax refund?

B3GINN3R wrote: Thu Feb 27, 2020 12:04 pm Submitted 2/14, still waiting.
After seeing these others, I'm getting a little worried that I messed something up....
by B3GINN3R
Thu Feb 06, 2020 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Which mortgage would you choose here
Replies: 12
Views: 1010

Re: Which mortgage would you choose here

Have you run the numbers on mortgage professor? You can punch in all the variables you want (rate, term, fees, taxable investment expected returns, years in house) and compare offers. https://www.mtgprofessor.com/calculators.htm You want the mortgage payment (#7) calculators on this page. Thanks! T...
by B3GINN3R
Thu Feb 06, 2020 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Which mortgage would you choose here
Replies: 12
Views: 1010

Re: Which mortgage would you choose here

We get special rates through my work. That is definitely one of the reasons I am considering buying instead of renting, to lock in the rate.
by B3GINN3R
Thu Feb 06, 2020 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Which mortgage would you choose here
Replies: 12
Views: 1010

Which mortgage would you choose here

Married in late 20s in VHCOL area. Rent in our apartment will be about 3300. Current HHI is around 350k. Current investments of 211k, cash of 45k. Will most likely liquidate some taxable investments for downpayment. Proposed home cost is 650k. We are going to do 65k downpayment. We spoke with the ba...
by B3GINN3R
Thu Jan 30, 2020 3:19 pm
Forum: Personal Investments
Topic: Liquidate Holdings for Downpayment
Replies: 7
Views: 603

Re: Liquidate Holdings for Downpayment

Consider the quality of the public schools (or the cost of private education) if you plan to have children and keep a home in an urban area long-term. We don't have (or want) children, but where we live I'm astonished by the school ratings on pretty much all of the real estate listings I see in eve...
by B3GINN3R
Wed Jan 29, 2020 10:14 pm
Forum: Personal Investments
Topic: Liquidate Holdings for Downpayment
Replies: 7
Views: 603

Re: Liquidate Holdings for Downpayment (now having lease terminated)

Looking into buying a home now. DW and I are 27 years old. As background, HHI is about 290k and expected to go up to around 300-400 within the next couple years (obviously things happen so who knows). We currently live in a 2bd/1.5ba in a HCOL city and would like to stay in the city, but want a 3 o...
by B3GINN3R
Thu Jan 16, 2020 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Legal advice
Replies: 7
Views: 813

Re: Legal advice

Delete your post now. Get a lawyer.
by B3GINN3R
Fri Dec 27, 2019 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2475
Views: 564559

Re: Share your net worth progression

B3GINN3R wrote: Wed May 01, 2019 5:17 pm Age 26, Married

2010-$0
2014-$0
2016-(30,000)
2017-(15,000)
2018-$98,000
today- $162,000
Age 27, Married

2010-$0
2014-$0
2016-(30,000)
2017-(15,000)
2018-$98,000
May 2019 - $162,000
December 2019 - $245,000

Workin hard!
by B3GINN3R
Mon Dec 09, 2019 10:29 am
Forum: Personal Investments
Topic: Liquidate Holdings for Downpayment
Replies: 7
Views: 603

Re: Liquidate Holdings for Downpayment

Looking into buying a home now. DW and I are 27 years old. As background, HHI is about 290k and expected to go up to around 300-400 within the next couple years (obviously things happen so who knows). We currently live in a 2bd/1.5ba in a HCOL city and would like to stay in the city, but want a 3 o...
by B3GINN3R
Mon Dec 09, 2019 10:19 am
Forum: Personal Investments
Topic: Liquidate Holdings for Downpayment
Replies: 7
Views: 603

Liquidate Holdings for Downpayment

Looking into buying a home now. DW and I are 27 years old. As background, HHI is about 290k and expected to go up to around 300-400 within the next couple years (obviously things happen so who knows). We currently live in a 2bd/1.5ba in a HCOL city and would like to stay in the city, but want a 3 or...
by B3GINN3R
Tue Nov 19, 2019 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Real estate investment
Replies: 9
Views: 1132

Re: Real estate investment

Looks like the group has spoken. I will not be investing. Thanks for keeping me honest.
by B3GINN3R
Tue Nov 19, 2019 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Real estate investment
Replies: 9
Views: 1132

Real estate investment

Family member works for a real estate developer. We have an opportunity to get in on new project his firm is doing. Historically they have had amazing returns over the past 15 years or so. Was considering putting 10-20k in and am trying to decide if worth it. His firm on average returns 12-15 percen...
by B3GINN3R
Wed May 01, 2019 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2475
Views: 564559

Re: Share your net worth progression

Age 26, Married

2010-$0
2014-$0
2016-(30,000)
2017-(15,000)
2018-$98,000
today- $162,000
by B3GINN3R
Tue Mar 12, 2019 9:05 pm
Forum: Personal Investments
Topic: Roth IRA 2018 Contribution
Replies: 12
Views: 816

Re: Roth IRA 2018 Contribution

Yes. You are almost there. The 2018 non-deductible contribution should be reported to IRS this year. There is no deadline to send the form itself, as it does not change your tax liability, tax due or refund due. The conversion will have to reported on Form 8606 in year 2020, as you are doing the co...
by B3GINN3R
Tue Mar 12, 2019 4:31 pm
Forum: Personal Investments
Topic: Roth IRA 2018 Contribution
Replies: 12
Views: 816

Re: Roth IRA 2018 Contribution

That sounds reasonable. I guess i'll just put an extra 5500 into my taxable instead of trying back door this year and try to do it for 2019. It’s a shame to let go of the opportunity to contribute $5500 and have decades of tax free growth, because of fear. You are letting the fear of paperwork keep...
by B3GINN3R
Tue Mar 12, 2019 4:12 pm
Forum: Personal Investments
Topic: Roth IRA 2018 Contribution
Replies: 12
Views: 816

Re: Roth IRA 2018 Contribution

That sounds reasonable. I guess i'll just put an extra 5500 into my taxable instead of trying back door this year and try to do it for 2019.
by B3GINN3R
Tue Mar 12, 2019 3:57 pm
Forum: Personal Investments
Topic: Roth IRA 2018 Contribution
Replies: 12
Views: 816

Roth IRA 2018 Contribution

I want to do a backdoor roth for year 2018, but I already filed my taxes. Can I just do the contribution prior to April 15 and then correct my return when I file next year?
by B3GINN3R
Fri Mar 01, 2019 11:20 am
Forum: Personal Investments
Topic: Personal Capital
Replies: 20
Views: 1751

Personal Capital

I just got a call from someone at personal capital offering a free consultation on my portfolio. I track my accounts there, but have never received a call. Now that I have more money tracked on there, is this something i will have ot deal with regularly? It seems a little intrusive...but i guess it ...
by B3GINN3R
Tue Jan 29, 2019 6:53 pm
Forum: Personal Investments
Topic: messed up roth IRA
Replies: 1
Views: 289

messed up roth IRA

I thought I would come in under the Roth IRA Max for income, but ended up getting bigger bonus than expected. I put in 5500 to Roth IRA directly back in Jan 2018. Do I now need sell my VTI in order to withdraw it as an excess contribution, then put it into a traditional IRA and then backdoor it into...
by B3GINN3R
Sat Dec 29, 2018 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2475
Views: 564559

Re: What is your Year 2018 networth change?

Up an infinite percentage! Easy to do when net worth was negative at start of year. Went from -20k to 100k
by B3GINN3R
Fri Dec 28, 2018 12:06 pm
Forum: Personal Investments
Topic: First year bogleheader Portfolio checkup
Replies: 9
Views: 1405

Re: First year bogleheader Portfolio checkup

End of year, wanted to give an update for review: Emergency funds: 35k Debt: 0 Tax Filing Status: Married Tax Rate: 24% Federal State of Residence: IL Age: 26 Desired Asset allocation: 90% stocks / 10% bonds Desired International allocation: 30% of stocks Household Income: $280,000 Current Total Por...
by B3GINN3R
Mon Oct 15, 2018 9:16 am
Forum: Personal Investments
Topic: Portfolio Next Steps
Replies: 3
Views: 359

Portfolio Next Steps

I got married about a month ago and things have finally settled. Now we need to figure out best way to combine finances. We have agreed to share everything. We are both 25 His Gross 2018 income--212,000 Her Gross 2018 income--25,000 Cash accounts- 28,000 His Retirement Accts Roth-14,300 (maxed) 401k...
by B3GINN3R
Wed Aug 15, 2018 7:51 am
Forum: Personal Investments
Topic: Retirement guidance for 38 yr old in Silicon Valley CA
Replies: 13
Views: 2651

Re: Retirement guidance for 38 yr old in Silicon Valley CA

[response to OT comment removed by moderator --triceratop]

On the finance side, probably fine to put into target savings. Become financially savvy then switch to a three fund portfolio once your are comfortable.