Search found 765 matches

by soccerrules
Wed Aug 15, 2018 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Compensation negotiation
Replies: 10
Views: 440

Re: Compensation negotiation

what industry ? What job /role? If your son is unemployed it probably changes the approach a little, than if he is gainfully employed. Based on what you posted I would say something like this. "Thank you for the opportunity to discuss my experience and skills and how they match the open position and...
by soccerrules
Wed Aug 15, 2018 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: modify 401(k) plan for increased savings or let it ride?
Replies: 2
Views: 130

Re: modify 401(k) plan for increased savings or let it ride?

A few thoughts. 1) Very few people ever say " I saved too much", plenty say "I'd wished I'd saved more" or "I didn't save enough" 2) 17 years is a long time to get to 55. I would go with option #2 and see what happens in 10 years. You could maybe dial back to Option #1 by then or even more. 3) Life ...
by soccerrules
Fri Aug 10, 2018 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Paper checks yes or no?
Replies: 115
Views: 5830

Re: Paper checks yes or no?

yes.
You may not order them as often as you did 10 years ago, but there is still a place for the paper check.
by soccerrules
Fri Aug 10, 2018 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Crossroad of what to do next?
Replies: 37
Views: 2549

Re: Crossroad of what to do next?

You have $30K a year, assuming this stays the same or perhaps increase/decreases. 1) Roll over IRA's into your company 401K /403B plans -- if allowed. This avoids the pro-rata rule on IRA's. It appears you know about the pro rate rule, but if not research it. 2) THEN $5,500 to Backdoor Roth for each...
by soccerrules
Thu Aug 09, 2018 3:53 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from an advisor to DIY . . . Please Help!
Replies: 18
Views: 1501

Re: Moving from an advisor to DIY . . . Please Help!

Thank you! This is exactly what I needed to hear. I really appreciate the encouragement and direction. Once I get rolling with something, I feel such urgency and sometimes fail to forget that waiting 1-2 months to actually take a step isn't going to cause long term harm, especially if I make more e...
by soccerrules
Thu Aug 09, 2018 2:17 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from an advisor to DIY . . . Please Help!
Replies: 18
Views: 1501

Re: Moving from an advisor to DIY . . . Please Help!

dotdotloop -- Welcome. I didn't make it to BH/DIY until I was 51.--you are 20 years ahead of me. I would take it slow. Keep saving, being frugal and for the next 30-60 days READ READ READ. Read the Get started Read the Wiki Read several of the recommended books (Common Sense Investing Guide, All Ab...
by soccerrules
Thu Aug 09, 2018 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Ask for extension or turn down job offer?
Replies: 22
Views: 1342

Re: Ask for extension or turn down job offer?

And the firm can certainly back out if it is to their advantage to do so. In the early 2000's some professional services firms reneged on their offers as they did not have sufficient work to justify the large incoming classes they had extended offers to (post dot com bust). Just adding a tangible e...
by soccerrules
Thu Aug 09, 2018 8:54 am
Forum: Personal Finance (Not Investing)
Topic: Ask for extension or turn down job offer?
Replies: 22
Views: 1342

Re: Ask for extension or turn down job offer?

A friend of my son living with us this summer just received an offer for next summer, after an internship. This continues to be a common practice. I would have your son sit down and have a honest conversation with one of the production leaders. (not HR) Explain that he enjoyed the internship and is...
by soccerrules
Thu Aug 09, 2018 8:50 am
Forum: Investing - Help with Personal Investments
Topic: fund choices for roth
Replies: 8
Views: 599

Re: fund choices for roth

nice guy thanx for reply ! im self employed ,in 15 % tax bracket seems like half people say bonds in roth and others say you want mostly equitys for long term growth dunno but ill take all help i can get and at time i built 3 fund my roth was still wth A FUNDS and yes these are only accounts and at...
by soccerrules
Thu Aug 09, 2018 8:35 am
Forum: Investing - Help with Personal Investments
Topic: Please critique retirement plan
Replies: 16
Views: 971

Re: Please critique retirement plan

The only glitch is the survivor’s benefit that you mentioned. How will the survivor — either you or your spouse — be affected when one of you dies? Great question! If I die, pension is 55% and SS drops to $30 k, so she will be in a spot without that. So, I am carrying a ladder of term life out unti...
by soccerrules
Thu Aug 09, 2018 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Ask for extension or turn down job offer?
Replies: 22
Views: 1342

Re: Ask for extension or turn down job offer?

A friend of my son living with us this summer just received an offer for next summer, after an internship. This continues to be a common practice. I would have your son sit down and have a honest conversation with one of the production leaders. (not HR) Explain that he enjoyed the internship and is ...
by soccerrules
Wed Aug 08, 2018 5:08 pm
Forum: Investing - Help with Personal Investments
Topic: Please critique retirement plan
Replies: 16
Views: 971

Re: Please critique retirement plan

The only glitch is the survivor’s benefit that you mentioned. How will the survivor — either you or your spouse — be affected when one of you dies? Great question! If I die, pension is 55% and SS drops to $30k , so she will be in a spot without that. So, I am carrying a ladder of term life out unti...
by soccerrules
Wed Aug 08, 2018 4:55 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from an advisor to DIY . . . Please Help!
Replies: 18
Views: 1501

Re: Moving from an advisor to DIY . . . Please Help!

dotdotloop -- Welcome. I didn't make it to BH/DIY until I was 51.--you are 20 years ahead of me. I would take it slow. Keep saving, being frugal and for the next 30-60 days READ READ READ. Read the Get started Read the Wiki Read several of the recommended books (Common Sense Investing Guide, All Ab...
by soccerrules
Wed Aug 08, 2018 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 14046

Re: Will you pay for your kids' college/graduate education?

Looking at the past two replies, I'm glad to see some folks like us. I thought I was the only middle class boglehead! And a big congrats to all those who can easily afford to put 2-3 kids through college . We have decided to make paying for college a priority and are open to delaying retirement by ...
by soccerrules
Wed Aug 08, 2018 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Saving Enough for Retirement vs Vacation Home
Replies: 36
Views: 3495

Re: Saving Enough for Retirement vs Vacation Home

I agree that this is not a wise financial decision. Additional thoughts 1) What if one of you loses your job ? (especially higher earner) 2) Not sure your kids ages but assume they are 6-10ish, maybe younger. Kids get busy and the a lot of vacations slow down and become 1-2 longer trips around their...
by soccerrules
Wed Aug 08, 2018 11:24 am
Forum: Investing - Help with Personal Investments
Topic: Old dog needs to learn to manage his investments
Replies: 60
Views: 4968

Re: Old dog needs to learn to manage his investments

Benchie -- keep reading. The Little Book of Common Sense Investing. It had the biggest impact on my ability to DIY and understand the market and my chances of being successful in investing. Slow down and read for the next 30 days. The wiki, books and BH forum. Read about Expense Ratios on your funds...
by soccerrules
Wed Aug 08, 2018 11:08 am
Forum: Investing - Help with Personal Investments
Topic: fund choices for roth
Replies: 8
Views: 599

Re: fund choices for roth

nice guy thanx for reply ! im self employed ,in 15 % tax bracket seems like half people say bonds in roth and others say you want mostly equitys for long term growth dunno but ill take all help i can get and at time i built 3 fund my roth was still wth A FUNDS and yes these are only accounts and at...
by soccerrules
Wed Aug 08, 2018 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Too much cash, need help in how to proper allocate it
Replies: 5
Views: 538

Re: Too much cash, need help in how to proper allocate it

its a little hard to know the "best" answer without more info. Age? Balances of accounts ? Balance of Mortgage? What % of total assets does the $40K represent? Retire Early? Expected Retirement expenses? potential need for money in 3-7 years (car? roof? college? etc) First response was all into Taxa...
by soccerrules
Wed Aug 08, 2018 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Absolute vs percentage saving
Replies: 21
Views: 2282

Re: Absolute vs percentage saving

It is all about what you expect to spend in retirement. At your age, your saving's rate is the best you can do, and that seems reasonable. As you get closer to retirement, you have to determine what your expected expenses are, and whether your savings can sustain them. I would second this and say r...
by soccerrules
Tue Aug 07, 2018 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: DAF, would you ?
Replies: 21
Views: 1198

Re: DAF, would you ?

More good information and things to consider. Thanks everyone.
by soccerrules
Tue Aug 07, 2018 1:48 pm
Forum: Investing - Help with Personal Investments
Topic: Would you pay this mortgage off?
Replies: 51
Views: 4058

Re: Would you pay this mortgage off?

short answer -- depends ? How many years left on Mortgage ? Do you want to retire early ? (if so when) what would you do with money if you don't pay off early ? My quick glance response is -- NO (don't pay early). Make sure you have good EF, you have stable jobs and plan to have decent pensions. I w...
by soccerrules
Tue Aug 07, 2018 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: DAF, would you ?
Replies: 21
Views: 1198

Re: DAF, would you ?

I, like others here, bunched contributions into a DAF at the end of last year ahead of the changes to the tax laws. Remember that you get the tax deduction (if applicable) on the entire contribution immediately. You can then dole out the contributions over years. If you do that now to put several y...
by soccerrules
Mon Aug 06, 2018 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: DAF, would you ?
Replies: 21
Views: 1198

Re: DAF, would you ?

It would also adversely impact the entities if we delayed contributions and "skipped" a year. On the last point, you could flip the order and donate a few years in advance to the DAF, then support your charities through the DAF in off years while you are taking the standard deduction. If you are al...
by soccerrules
Mon Aug 06, 2018 1:23 pm
Forum: Personal Consumer Issues
Topic: Coldness Pismo beach water
Replies: 24
Views: 1669

Re: Coldness Pismo beach water

Lots of places there rent wetsuits for a reasonable price. Very worthwhile if you are planning to spend much time in the water. This is just for kids aged 8 and 5. Wanted to see what else can be done at Pismo beach if water turned our to be too cold. The Pismo Beach sand dunes. You can ATV over mil...
by soccerrules
Mon Aug 06, 2018 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: DAF, would you ?
Replies: 21
Views: 1198

Re: DAF, would you ?

If you are not already itemizing, group your DAF contributions so that you take the standard deduction for a couple years, then do a couple years worth of charitable contributions and itemize, etc. aristotelian- Thanks for input. Historically I have had decent itemized deductions (charitable financ...
by soccerrules
Mon Aug 06, 2018 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: DAF, would you ?
Replies: 21
Views: 1198

DAF, would you ?

Out of current income we have several charities that we give to on a monthly basis that equates to a FY total in the low/low 5 figures. I am thinking of setting up a DAF and moving the approximate figure from my taxable account into a DAF in Dec 2018 for the year 2019. I would then increase tax defe...
by soccerrules
Mon Aug 06, 2018 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 14046

Re: Will you pay for your kids' college/graduate education?

My spouse and I were very fortunate to have our education paid for by our parents. I believe this impacted one set of parents ability to save for their own retirement and they will probably need help from their children. Our plan is to pay for our children's 4 years of undergrad with the intent that...
by soccerrules
Mon Aug 06, 2018 8:42 am
Forum: Investing - Help with Personal Investments
Topic: Moving from an advisor to DIY . . . Please Help!
Replies: 18
Views: 1501

Re: Moving from an advisor to DIY . . . Please Help!

dotdotloop -- Welcome. I didn't make it to BH/DIY until I was 51.--you are 20 years ahead of me. I would take it slow. Keep saving, being frugal and for the next 30-60 days READ READ READ. Read the Get started Read the Wiki Read several of the recommended books (Common Sense Investing Guide, All Abo...
by soccerrules
Fri Aug 03, 2018 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Should I continue with my term life insurance?
Replies: 4
Views: 310

Re: Should I continue with my term life insurance?

Keep it until you retire. Then reduce Death Benefit to a smaller amount and change beneficiaries to your children. This will allow you to pass tax free money to your kids without them having to wait on your spouse to pass, to receive any inheritance. Maybe $100K per child. If you have a level premiu...
by soccerrules
Fri Aug 03, 2018 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Pulled the trigger
Replies: 15
Views: 2808

Re: Pulled the trigger

Congrats :beer
by soccerrules
Fri Aug 03, 2018 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Ownership of home with second wife
Replies: 184
Views: 11630

Re: Joint Ownership of home with second wife

OP- I haven't read all the advice so far but have read all of your posts. Here is my thought,it's FREE so you get what you paid for. You and lady friend need to go to premarital counseling for several months and talk to a professional about ALL OF THIS. As I read your posts it felt like you were set...
by soccerrules
Fri Aug 03, 2018 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited Whole Life Policy
Replies: 6
Views: 489

Re: Inherited Whole Life Policy

How would parent feel if you told them you had insurance already, wanted to cash in the policy and give them back the CV money ?

They have paid in @ $1,920 for a return of $552 and a $10K life insurance coverage for the last 10 years.
by soccerrules
Fri Aug 03, 2018 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Effect of Current Income on Decision to Retire Early
Replies: 76
Views: 6043

Re: Effect of Current Income on Decision to Retire Early

Can you elaborate? Why does it matter if passive income is greater than active income? My thought was Passive income > expenses. OK. Well, if passive income includes withdrawals at a safe rate from assets then I would agree. I am not sure where active income comes into it. maybe ? passive (SWR <4%)...
by soccerrules
Fri Aug 03, 2018 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Effect of Current Income on Decision to Retire Early
Replies: 76
Views: 6043

Re: Effect of Current Income on Decision to Retire Early

In terms of numbers only, you can stop working when :- Passive income > active income >expenses. Can you elaborate? Why does it matter if passive income is greater than active income? My thought was Passive income > expenses. OK. Well, if passive income includes withdrawals at a safe rate from asse...
by soccerrules
Fri Aug 03, 2018 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Effect of Current Income on Decision to Retire Early
Replies: 76
Views: 6043

Re: Effect of Current Income on Decision to Retire Early

Thanks for the interesting discussion and contributions, it's helping me think through next few years. I calculated I add about 5% to my portfolio each years at this point in my career so still useful to work and contribute to investments. The tradeoff between OMY of wages/savings and offset OLY (O...
by soccerrules
Fri Aug 03, 2018 10:45 am
Forum: Personal Consumer Issues
Topic: Which diet soda pop do you enjoy?
Replies: 110
Views: 4405

Re: Which diet soda pop do you enjoy?

I have a Diet Mt Dew every day at work. That is my A. #1 choice in soda. Bloom - I knew I liked you, but now we can be best friends. :o :D It is only 10:34 am here, but I am enjoying my 1 Diet. Dew right now. :happy :beer I typically start the IV around 7:30 am on work days. I have also been known ...
by soccerrules
Fri Aug 03, 2018 9:43 am
Forum: Personal Consumer Issues
Topic: Which diet soda pop do you enjoy?
Replies: 110
Views: 4405

Re: Which diet soda pop do you enjoy?

This needs to be said...... Republican vs Democrat Jacob vs Edward (Twilight Movies --more a girl thing) Micheal Jordan vs Lebron James Xbox vs Playstation Celtics vs Lakers Toilet Paper -- Pull from Top vs Pull from under Is the Dress Blue or black -- white or gold YOU have to pick Diet Coke ( the ...
by soccerrules
Fri Aug 03, 2018 9:26 am
Forum: Personal Consumer Issues
Topic: Which diet soda pop do you enjoy?
Replies: 110
Views: 4405

Re: Which diet soda pop do you enjoy?

bloom2708 wrote:
Thu Aug 02, 2018 6:43 pm
I have a Diet Mt Dew every day at work.

That is my A. #1 choice in soda.
Bloom - I knew I liked you, but now we can be best friends.
by soccerrules
Fri Aug 03, 2018 8:06 am
Forum: Investing - Help with Personal Investments
Topic: New grad planned portfolio review
Replies: 9
Views: 516

Re: New grad planned portfolio review

welcome mesquite ! Congrats on starting early. Just keep saving and saving. Understand a few basics is most important now and then keep reading and learning. On IRA -- if you made a contribution to a tIRA for 2018 you can open another IRA account (Roth type) and then move the money over to the Roth...
by soccerrules
Fri Aug 03, 2018 7:54 am
Forum: Personal Consumer Issues
Topic: Which diet soda pop do you enjoy?
Replies: 110
Views: 4405

Re: Which diet soda pop do you enjoy?

Addicted to Diet Mountain Dew !! ... Hi my name is Soccer Rules. I drink it morning, day and night-- then lay down and go to sleep no problemo. Prefer fountain served vs cans/bottles In a pinch I will accept Diet Dr. Pepper Diet Coke Diet Sprite I do enjoy a fountain Dt DP or Dt Coke with a real lim...
by soccerrules
Thu Aug 02, 2018 5:08 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with extra money
Replies: 3
Views: 317

Re: What to do with extra money

it would be helpful to know more information (age, income, balances of 401k/IRAs, Taxable, years and balance of all loans, have EF?, ) But with the information you have provided how about. I would #2 first ($11,000) Then take remaining and split 50/50 with student loans($7,000) and car savings ($7,0...
by soccerrules
Thu Aug 02, 2018 4:51 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking opinions: How to invest 150k?
Replies: 8
Views: 734

Re: Seeking opinions: How to invest 150k?

1) I don't know much about I-bonds-- someone else should. 2) What types of funds or AA was the $150K in when it was in your 401K ?-- why not replicate ? -- It appears you sold to cash prior to rollover-- just reinvest essentially at the same prices -- kind of quick out quick in. No tax impact becau...
by soccerrules
Thu Aug 02, 2018 3:30 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking opinions: How to invest 150k?
Replies: 8
Views: 734

Re: Seeking opinions: How to invest 150k?

1) I don't know much about I-bonds-- someone else should. 2) What types of funds or AA was the $150K in when it was in your 401K ?-- why not replicate ? -- It appears you sold to cash prior to rollover-- just reinvest essentially at the same prices -- kind of quick out quick in. No tax impact becaus...
by soccerrules
Thu Aug 02, 2018 2:29 pm
Forum: Investing - Help with Personal Investments
Topic: Pay off Student Loan vs Taxable Account/Liquidity
Replies: 9
Views: 463

Re: Pay off Student Loan vs Taxable Account/Liquidity

pay off student loans and the rest to increase EF

Back to regularly scheduled savings ! :moneybag
by soccerrules
Thu Aug 02, 2018 2:21 pm
Forum: Investing - Help with Personal Investments
Topic: Two target funds in my Vanguard. Should I split them up?
Replies: 6
Views: 426

Re: Two target funds in my Vanguard. Should I split them up?

Are you currently contributing to tax deferred accounts ? (401K and IRA) -- if not why? Agree with others about TDF not being in Taxable. If the CG's are not very much--I might sell and reestablish AA to have Bonds in 401/IRA's, leaving Stocks and International in Taxable I would also change your mo...
by soccerrules
Thu Aug 02, 2018 2:08 pm
Forum: Investing - Help with Personal Investments
Topic: New grad planned portfolio review
Replies: 9
Views: 516

Re: New grad planned portfolio review

welcome mesquite ! Congrats on starting early. Just keep saving and saving. Understand a few basics is most important now and then keep reading and learning. On IRA -- if you made a contribution to a tIRA for 2018 you can open another IRA account (Roth type) and then move the money over to the Roth....
by soccerrules
Thu Aug 02, 2018 1:47 pm
Forum: Investing - Help with Personal Investments
Topic: Need suggestions on investing. $400k in cash
Replies: 9
Views: 1107

Re: Need suggestions on investing. $400k in cash

welcome newbie. Good suggestions so far-- the next step is doing the pre-work and understanding your plan -- then ACTION. There is no easy answer but to take the 1st step. Your CASH is losing "value" as inflation is eating away at it's purchasing power (2-3% a year). There are studies that state lum...
by soccerrules
Thu Aug 02, 2018 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Lease/ buy a second car for cost savings?
Replies: 18
Views: 681

Re: Lease/ buy a second car for cost savings?

I have not researched this idea to deep...... Buy 4-5 year Honda Civic w/ @ 60K miles -- for $10,000. Use it for the 3 years and then sell for $8,000 maybe higher. I scanned Cars.com and saw several Civics that for the difference of $1,000 for 3-4 years and 50-60k miles. Your expense is say $2000 pl...
by soccerrules
Thu Aug 02, 2018 8:30 am
Forum: Investing - Help with Personal Investments
Topic: Social Security + term life
Replies: 41
Views: 1951

Re: Social Security + term life

One consideration if you move forward with this plan is to increase DECREASE the DB initially and then over the term reduce the DB (as the need for funds lessens) which will also reduce the yearly cost.[/color] Not a wise plan with level term, because while the premium per dollars insured remains t...
by soccerrules
Thu Aug 02, 2018 8:13 am
Forum: Investing - Help with Personal Investments
Topic: Social Security + term life
Replies: 41
Views: 1951

Re: Social Security + term life

One consideration if you move forward with this plan is to increase DECREASE the DB initially and then over the term reduce the DB (as the need for funds lessens) which will also reduce the yearly cost.[/color] Not a wise plan with level term, because while the premium per dollars insured remains t...