Search found 116 matches

by soccerrules
Mon Oct 16, 2017 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: Joined the 1 comma club today!!!
Replies: 17
Views: 2743

Re: Joined the 1 comma club today!!!

Congrats. If that was a goal and you achieved it ! Cheers :beer
by soccerrules
Mon Oct 16, 2017 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security payouts vs. "estimated benefits" online
Replies: 36
Views: 1721

Re: Social Security payouts vs. "estimated benefits" online

If you really want to muck around with SS payout, this is a great tool. You copy your earnings data from SSA.gov into the box, then you can add additional years and such and get a pretty accurate number. https://socialsecurity.tools/app.html Thanks for posting again, I'm sure I have skimmed over it...
by soccerrules
Mon Oct 16, 2017 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security payouts vs. "estimated benefits" online
Replies: 36
Views: 1721

Re: Social Security payouts vs. "estimated benefits" online

Your current online account states the "assumption" that you will earn X up until retirement. In 2016 if you maxed SS taxed earnings it was $118,500. So the assumption is you will earn $118,500 for the next 15 -20 years in your example. Well the earnings taxed by SS max in 2017 is $127,200 and 2018 ...
by soccerrules
Mon Oct 16, 2017 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: 529 Savings - Is it enough?
Replies: 18
Views: 1273

Re: 529 Savings - Is it enough?

a +1 on the retirement comment. Need to make sure you are not setting yourself up to fail retirement. I would caution fully funding the 529. It is less of a concern if you have other children or plan to have others (share the money). But with 1 child there is risk if they happen to get scholarships ...
by soccerrules
Fri Oct 13, 2017 4:24 pm
Forum: Personal Consumer Issues
Topic: Anyone Ever Jackhammered a Concrete Patio?
Replies: 27
Views: 1541

Re: Anyone Ever Jackhammered a Concrete Patio?

I have never done exactly what you are have described, however I have used a jackhammer on concrete. I would think the effort would not be to difficult. I would call a tool rental shop and find out the cost to rent. I do recall the Jackhammer it's self is a heavy piece of machinery. Once you have it...
by soccerrules
Fri Oct 13, 2017 2:08 pm
Forum: Personal Consumer Issues
Topic: How many miles/years do you keep your car?
Replies: 68
Views: 3830

Re: How many miles/years do you keep your car?

of the used cars I have bought in the last 10+ years they have ranged from 4yrs/30K miles (parent) to 6yrs/70K miles (16 yr old). I have not sold any of them. I plan to hold them until the cost to repair outweighs taking that money and putting toward a newer used one. I am guessing my threshold to r...
by soccerrules
Fri Oct 13, 2017 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: SSA 2018 #'s
Replies: 7
Views: 1021

Re: SSA 2018 #'s

Here are some numbers released today from the SSA: Maximum Taxable Earnings = $128,700 I have no basis for my assumption. BUT assumed this number would have been higher. It's the biggest year to year increase since 1983, although 1990 was close. However, changes prior to 1983 were much larger - 197...
by soccerrules
Fri Oct 13, 2017 1:11 pm
Forum: Personal Consumer Issues
Topic: Car Buying, Time to grow up.
Replies: 55
Views: 4291

Re: Car Buying, Time to grow up.

FWIW my car buying experience since the age of 25. (married at 24), now 52. 1) 1st car -- dealer "loaner" car with 6K miles - trade-in/financed (age 27) 2) New car off the lot - financed (age 29) 3) replaced #1 with new off the lot - trade-in/financed (age 32) 4) replaced # 2 with cert/pre-owned - ...
by soccerrules
Fri Oct 13, 2017 11:27 am
Forum: Personal Consumer Issues
Topic: Car Buying, Time to grow up.
Replies: 55
Views: 4291

Re: Car Buying, Time to grow up.

FWIW my car buying experience since the age of 25. (married at 24), now 52. 1) 1st car -- dealer "loaner" car with 6K miles - trade-in/financed (age 27) 2) New car off the lot - financed (age 29) 3) replaced #1 with new off the lot - trade-in/financed (age 32) 4) replaced # 2 with cert/pre-owned - t...
by soccerrules
Fri Oct 13, 2017 9:50 am
Forum: Personal Finance (Not Investing)
Topic: SSA 2018 #'s
Replies: 7
Views: 1021

Re: SSA 2018 #'s

TLC wrote:
Fri Oct 13, 2017 8:40 am
Here are some numbers released today from the SSA:

Maximum Taxable Earnings = $128,700
I have no basis for my assumption. BUT assumed this number would have been higher.
by soccerrules
Fri Oct 13, 2017 9:06 am
Forum: Personal Finance (Not Investing)
Topic: Anyone used Zelle?
Replies: 18
Views: 1747

Re: Anyone used Zelle?

I also use Venmo to send money/request money from various people. Again easy. I believe with Venmo you have to click a few buttons to have the money sent to your attached banking account. Not really a hassle, just different. Once you have the app on your phone, it is easy and fast. I haven't used a...
by soccerrules
Fri Oct 13, 2017 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Anyone used Zelle?
Replies: 18
Views: 1747

Re: Anyone used Zelle?

I have used Zelle to transfer money into my kids debit accounts. Zelle is fairly new with Chase. Their previous Chase "version" was not as good and it would take at least 1-2 day delay at times for the funds to hit the desired account. With Chase Zelle, it is instantaneous, now with other Chase Acco...
by soccerrules
Thu Oct 12, 2017 4:21 pm
Forum: Investing - Help with Personal Investments
Topic: 401K Accnt Help please!
Replies: 8
Views: 350

Re: 401K Accnt Help please!

Moose - welcome! Suggestion - please edit your post to include the expense ratios for each of the funds you currently are contributing to and those offered. It may be a little hard for others to give good advice without knowing your whole financial picture Other funds (IRA, Roth, Taxable?) ? Debt ? ...
by soccerrules
Thu Oct 12, 2017 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: Simplifying portfolio
Replies: 41
Views: 3034

Re: Simplifying portfolio

Thanks so much for all the replies. I have analyzed my investments and have (about) 54 slices in all these accounts. Some of the funds have large gains and are in taxable accounts so I do not want to liquidate these yet. Are posters willing to look at this much data and make recommendations? Do I n...
by soccerrules
Thu Oct 12, 2017 3:09 pm
Forum: Investing - Help with Personal Investments
Topic: Reallocate 529 AA
Replies: 4
Views: 151

Re: Reallocate 529 AA

Seems OK for now. Check the younger one at least every 2 years, unless there is a big downdraft in the market. If you have 100% of college expenses in the 529 for your 17 year old and it appears you have some for the 7-8 year old, I would just make sure you don't over-fund these accounts. If there i...
by soccerrules
Thu Oct 12, 2017 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: Allocating child's 529 funds
Replies: 2
Views: 208

Re: Allocating child's 529 funds

so the goal is a 529 with $46K in 8-10 years. Not a small amount but also not a huge chunk of change. I would not over fund the 529 unless there are other children. Just save the difference in a taxable account. Some suggest to forgo the 529 all together, unless there are tax benefits for making yea...
by soccerrules
Thu Oct 12, 2017 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: How young is too young to retire.
Replies: 49
Views: 5721

Re: How young is too young to retire.

CnC- the short answer is -- it's YOUR choice. Do it if you can afford to. General comments about your post that I have read in other posts (assume you have too) 1) 4% SWR typically applies to those retiring in late 50's more early 60"s and planning for a 30 years time frame. I read that 4% SWR is ri...
by soccerrules
Thu Oct 12, 2017 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Think I goofed on a recent HSA transaction
Replies: 5
Views: 601

Re: Think I goofed on a recent HSA transaction

I would call your HSA and tell them what happened and see what they tell you. Going forward I would recommend paying the expense with other funds (non HSA debit card), get the receipt and then determine if you want to submit the receipt to your HSA admin for a reimbursement. If you don;t want to tap...
by soccerrules
Wed Oct 11, 2017 12:54 pm
Forum: Investing - Help with Personal Investments
Topic: Social Security - general question
Replies: 28
Views: 2392

Re: Social Security - general question

Boston- No worries. Once you start to understand the process and then start to look at your own record, it will be a little more clear. You can look-up the current indexing factors through the SS website. ex: SS taxed income for 1985 for someone turning 62 in 2017 has a factor of 4.22767. SS taxed i...
by soccerrules
Wed Oct 11, 2017 10:39 am
Forum: Investing - Help with Personal Investments
Topic: Social Security - general question
Replies: 28
Views: 2392

Re: Social Security - general question

Here are the assumptions for my question: 1. The estimated benefit at 62 is, say, for example, $1,000. 2. I continue to work, earning my current salary, until age 58. 3. I stop working at age 58. 4. At age 58 I have 35 earning years in the “system”. 5. I begin taking my social security benefit at a...
by soccerrules
Wed Oct 11, 2017 10:07 am
Forum: Investing - Help with Personal Investments
Topic: Social Security - general question
Replies: 28
Views: 2392

Re: Social Security - general question

For each increase of $100K of indexed earnings past the 2nd bend point = $35/mo benefit at FRA (less at 62). Hardly really worth it, in my eyes. What is worth it is the income from working and not having to draw down your assets and allowing SS benefit to grow. Interesting, because I was thinking t...
by soccerrules
Wed Oct 11, 2017 8:27 am
Forum: Investing - Help with Personal Investments
Topic: Social Security - general question
Replies: 28
Views: 2392

Re: Social Security - general question

If you are good at spreadsheets, you can create one which mimics the AnyPIA program. I looked at the key calculations within the SS website and created a spreadsheet, before I was able to download and successfully run the AnyPIA program. I later used AnyPIA as a check on my spreadsheet and the two ...
by soccerrules
Tue Oct 10, 2017 5:53 pm
Forum: Investing - Help with Personal Investments
Topic: Social Security - general question
Replies: 28
Views: 2392

Re: Social Security - general question

Is it correct to say that since I will have 35 earning years by the time I stop working at age 58, my benefit will remain at $1,000 when I begin taking it at age 62 (ignoring fine tuning between now and then)? I believe you are incorrect. SS online assumes you will continue to earn the same SS taxe...
by soccerrules
Mon Oct 09, 2017 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage or invest?
Replies: 10
Views: 998

Re: Pay off mortgage or invest?

I think you are in a great spot with the mortgage rate/term- leave it. If your income increase over the next few years you can pay it down then, if you want. A few thoughts 1) Need to have a Will if you don;t have one. 2) Non-work Life Insurance: min. $1M term life insurance on you and $250K on your...
by soccerrules
Fri Oct 06, 2017 4:15 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover IRA
Replies: 7
Views: 417

Re: Rollover IRA

does that fund match your AA ? does the glide path of the fund over the next 20 years match your desired AA ? if yes, then leave it. if no, leave it until the AA in the Fund is off by X % (5%?) of your desired AA and then switch to the 2035 or 2045. you could the target fund and construct your own p...
by soccerrules
Fri Oct 06, 2017 3:56 pm
Forum: Personal Consumer Issues
Topic: Weeklong vacation Thanksgiving
Replies: 13
Views: 1124

Re: Weeklong vacation Thanksgiving

One idea
Broken Bow, OK -- great high-end cabins, lake, outside activities.
by soccerrules
Fri Oct 06, 2017 3:00 pm
Forum: Personal Consumer Issues
Topic: Too much house? (nervous 1st time buyer)
Replies: 57
Views: 3952

Re: Too much house? (nervous 1st time buyer)

How much are the annual property taxes on this house? HOA fees if any? Where I live, the property taxes on a 330k house could be $8,000+ per year and would sway me away from buying if I were living alone and didn't really need all that room. + 1 This jumped out at me as well. The home we own is wor...
by soccerrules
Fri Oct 06, 2017 1:31 pm
Forum: Personal Consumer Issues
Topic: Too much house? (nervous 1st time buyer)
Replies: 57
Views: 3952

Re: Too much house? (nervous 1st time buyer)

How much are the annual property taxes on this house? HOA fees if any? Where I live, the property taxes on a 330k house could be $8,000+ per year and would sway me away from buying if I were living alone and didn't really need all that room. + 1 This jumped out at me as well. The home we own is wor...
by soccerrules
Fri Oct 06, 2017 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Temporary Job Relocation
Replies: 8
Views: 736

Re: Temporary Job Relocation

OP- I do not know all the particulars of your field, expertise etc. BUT you may have some leverage to negotiate. If you are the only viable option, or best option for the project-- then they may be willing to provide additional pay or considerations. If this is the case, ask them for a outline of pa...
by soccerrules
Fri Oct 06, 2017 10:00 am
Forum: Investing - Help with Personal Investments
Topic: Millionaire Next Door (Thank you Bogleheads)
Replies: 81
Views: 11046

Re: Millionaire Next Door (Thank you Bogleheads)

Congrat's. I had an interesting thought about "The Millionaire Next Door". My dad gave me this book 15-20 years ago and I read it. We were already saving and doing much of the right stuff. Now that my parents are in their late 70's and looking at their finances. It is hard for me not to realize that...
by soccerrules
Thu Oct 05, 2017 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: another 2 comma club member
Replies: 48
Views: 4204

Re: another 2 comma club member

Congrats!! If you saw the second comma on Vanguard, does that mean you did it not counting home equity? That's what I was thinking: You must have hit the $1M net worth milestone a while back. I do agree that it does somehow feel better seeing the two commas on one account rather than at the bottom ...
by soccerrules
Thu Oct 05, 2017 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: another 2 comma club member
Replies: 48
Views: 4204

Re: another 2 comma club member

Congratulations. Are you willing to share how long did you take you to achieve this? Student- It took 28 years to hit $1M, I just turned 52. I think had I found BH's many years ago, I could have gotten here quicker. Looking forward to tracking to the next milestone, $1.5M and then hopefully $2M. :b...
by soccerrules
Thu Oct 05, 2017 9:10 am
Forum: Personal Finance (Not Investing)
Topic: another 2 comma club member
Replies: 48
Views: 4204

Re: another 2 comma club member

Congrats!! If you saw the second comma on Vanguard, does that mean you did it not counting home equity? Hey Runner, great question. I was referring to invested assets in the "market" not our Net Worth. I actually hit the 2 comma club a week of 2 earlier because I have a separate 401K not connected ...
by soccerrules
Wed Oct 04, 2017 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: another 2 comma club member
Replies: 48
Views: 4204

Re: another 2 comma club member

Thanks Taylor for the info and everyone for the "high fives".
by soccerrules
Wed Oct 04, 2017 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: New job offer
Replies: 17
Views: 1347

Re: New job offer

I would not give notice to the current employer until you pass the physical, drug test, and background check with the new employer. Then, two weeks notice is proper and appropriate. The new employer should understand that (if not, it would be a red flag). This is the correct advice. DO NOT turn in ...
by soccerrules
Wed Oct 04, 2017 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: We're Debt Free (Except our House)!
Replies: 34
Views: 3114

Re: We're Debt Free (Except our House)!

Cash- I think you have options which is good. I would be aware of having enough liquidity. If you dump all of your money into House and 401K's you might be short on liquidity/cash. What happens if you lose your job and it takes 12 months to find a new one, will $26K be enough? I would do the followi...
by soccerrules
Wed Oct 04, 2017 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: another 2 comma club member
Replies: 48
Views: 4204

another 2 comma club member

OK-- excited to pull up my Vanguard account yesterday and see that extra comma. Such a meaningful punctuation. Hate to be a little braggy about it , but it does feel pretty good. I had been waiting for it to happen and then get to show my wife on the app. Her response "took us awhile" (kill joy :? )...
by soccerrules
Wed Oct 04, 2017 10:56 am
Forum: Investing - Help with Personal Investments
Topic: How many money accounts do you have? And how do you Keep track of them?
Replies: 28
Views: 2395

Re: How many money accounts do you have? And how do you Keep track of them?

not to bad - 5 username/password combos
joint checking, savings and rewards credit card -- same bank and online access (mint.com connected)
other joint credit card (not actively using) (mint.com connected)
Vanguard Account ( His IRA, Her IRA, Joint Taxable and Her 403B)
His HSA
His 401k
by soccerrules
Mon Oct 02, 2017 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Used Car Purchased
Replies: 9
Views: 653

Re: Used Car Purchased

I checked Cars.com for our area (major city Texas) -- 2015 Nissan Sentra SR 8,500 miles listing for $14,900. Taxes add an additional $1,225 and then title/license fee. You might have been able to get them down $500. Not sure what you paid for the 60K warranty. Seems like an OK deal. Take car of it a...
by soccerrules
Mon Oct 02, 2017 2:44 pm
Forum: Investing - Help with Personal Investments
Topic: How long to monitor old accounts?
Replies: 6
Views: 813

Re: How long to monitor old accounts?

samsoes and David, appreciate the replies.
by soccerrules
Mon Oct 02, 2017 10:35 am
Forum: Investing - Help with Personal Investments
Topic: How long to monitor old accounts?
Replies: 6
Views: 813

How long to monitor old accounts?

I transferred assets (Taxable and Rollover IRA's) in kind from Schwab to Vanguard a little over 4 months ago. I noticed dividend/ interest payments in the old Schwab accounts in the first 30 days post-move that were swept over to Vanguard. I have not seen any activity at Schwab in the last 90 days. ...
by soccerrules
Fri Sep 29, 2017 4:32 pm
Forum: Investing - Help with Personal Investments
Topic: 401k advice
Replies: 11
Views: 692

Re: 401k advice

I made the mistake of moving my 401k to an IRA many years ago. Stupid move for me, as it precludes my contributing to a Roth IRA. If I knew then what I know now . . . is this true ? I was under the impression that commingling of 401K rollover monies and traditional IRA contributions impacted the Ba...
by soccerrules
Fri Sep 29, 2017 4:08 pm
Forum: Investing - Help with Personal Investments
Topic: 401k advice
Replies: 11
Views: 692

Re: 401k advice

I made the mistake of moving my 401k to an IRA many years ago. Stupid move for me, as it precludes my contributing to a Roth IRA. If I knew then what I know now . . . is this true ? I was under the impression that commingling of 401K rollover monies and traditional IRA contributions impacted the Ba...
by soccerrules
Mon Sep 25, 2017 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Term 80 with Northwestern Mutual thinking of making the switch to Term 30
Replies: 6
Views: 589

Re: Term 80 with Northwestern Mutual thinking of making the switch to Term 30

Chuck- I am currently switching from NWML "Term to 70- Increasing Premiums" to a Prudential Level Premium policy of 10, 15 or 20 years. I understand you can make reductions in your death benefit at any time, thus reducing your payment. Not sure if you can go up and down in DB. I actually had my medi...
by soccerrules
Mon Sep 25, 2017 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Age you retired
Replies: 112
Views: 8218

Re: Age you retired

planning on 60, 8 years from now.
House will be paid off in 6 years and have one more child to get out of HS and through college.
Healthcare is a big ?
by soccerrules
Thu Sep 21, 2017 4:09 pm
Forum: Personal Consumer Issues
Topic: Vehicle Maintenance App
Replies: 14
Views: 952

Re: Vehicle Maintenance App

I have used Auto Care for the last 3-4 years. It is FREE and easy I track service expenses per car and then set reminders for Tire Rotations (6K) and Oil Changes.You can track gas/mileage if you want.(i don't) It basically helps we stay on the basic costs but then look back and see how much a spent ...
by soccerrules
Wed Sep 20, 2017 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance Help
Replies: 6
Views: 330

Re: Life Insurance Help

the reason to have insurance (life or disability) is to replace your earnings for those that count on you. Since your kids are adults now that need is limited to mainly college, your mortgage and covering current living expenses that your spouse could not cover with her/his income alone. Ideally pro...
by soccerrules
Wed Sep 20, 2017 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: What say ye... 60/40 or 65/35?
Replies: 17
Views: 1748

Re: What say ye... 60/40 or 65/35?

Hyperborea wrote:
Wed Sep 20, 2017 12:49 pm
Emergency funds aren't your investments. They are a fixed pool of reasonably liquid money for emergencies. You won't be using it to rebalance with if your equities go down, will you?
Hyper-- good point, I would not. I might use my EF to fund an IRA contribution and then replace.
by soccerrules
Wed Sep 20, 2017 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: What say ye... 60/40 or 65/35?
Replies: 17
Views: 1748

What say ye... 60/40 or 65/35?

I am sure this has been covered before, but I could not find it easily when I tried a few searches. Do you include your Emergency Fund into your AA ? (that is the question) Without including EF monies (65/35 or 66/34 currently) 54% US Stock 12% Int Stock 34% US Bonds. including EF we are (60/40 or 6...
by soccerrules
Mon Sep 18, 2017 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: To apply for new position or not?
Replies: 6
Views: 588

Re: To apply for new position or not?

1) Set individual meetings with your boss and separately with your director. (1v1 or take them to lunch). Discuss the last time you interviewed and the other directors feedback. Ask for their feedback from the series of events. 2) Tell them both you value their feedback and want to continue to impro...