Search found 799 matches

by soccerrules
Mon Sep 10, 2018 11:12 am
Forum: Personal Finance (Not Investing)
Topic: How much do bogleheads save in 529?
Replies: 79
Views: 4722

Re: How much do bogleheads save in 529?

I used the $300/mo that we were paying for 2-3 day preK for our oldest and started funding a 529 when he went to public school Kindergarten. I also used $100K from a windfall (about 8 years out from 1st child going to college) to fund 3 - 529's for our offspring weighted a little more for the oldes...
by soccerrules
Mon Sep 10, 2018 11:07 am
Forum: Investing - Help with Personal Investments
Topic: Newbie Questions on Asset Allocation
Replies: 4
Views: 665

Re: Newbie Questions on Asset Allocation

Sierra- Welcome to BH-! My advice is to read the wikis, books on the reading list and then read the forum to learn from others. You have a lot going on and I think Bloom gave you some good advice. It appears you somewhat dislike debt by paying off the mortgage but in turn have loans against 401K, UL...
by soccerrules
Mon Sep 10, 2018 10:30 am
Forum: Personal Finance (Not Investing)
Topic: How much do bogleheads save in 529?
Replies: 79
Views: 4722

Re: How much do bogleheads save in 529?

I used the $300/mo that we were paying for 2-3 day preK for our oldest and started funding a 529 when he went to public school Kindergarten. I also used $100K from a windfall (about 8 years out from 1st child going to college) to fund 3 - 529's for our offspring weighted a little more for the oldes...
by soccerrules
Mon Sep 10, 2018 10:08 am
Forum: Personal Finance (Not Investing)
Topic: How much do bogleheads save in 529?
Replies: 79
Views: 4722

Re: How much do bogleheads save in 529?

I used the $300/mo that we were paying for 2-3 day preK for our oldest and started funding a 529 when he went to public school Kindergarten. I also used $100K from a windfall (about 8 years out from 1st child going to college) to fund 3 - 529's for our offspring weighted a little more for the oldest...
by soccerrules
Mon Sep 10, 2018 9:44 am
Forum: Investing - Help with Personal Investments
Topic: DAF > Roth IRA? 12% tax bracket, no taxable
Replies: 46
Views: 3732

Re: DAF > Roth IRA? 12% tax bracket, no taxable

I did not say it was a horrible plan, just not optimal IMO. There are very few FREE rides anymore, and I see a Roth as about as close as it comes, especially if you keep the money in there for years. :D Thanks, soccerrules. I agree that the Roth is very good. I think I am discovering one of those "...
by soccerrules
Fri Sep 07, 2018 1:41 pm
Forum: Investing - Help with Personal Investments
Topic: DAF > Roth IRA? 12% tax bracket, no taxable
Replies: 46
Views: 3732

Re: DAF > Roth IRA? 12% tax bracket, no taxable

I like other posters think a withdrawal from your Roth is not optimal and perhaps hurting you in the long run with the LOSS of tax free growth and tax free withdrawals. I would rethink this move. I'm sorry - but I'm not sure I lose tax free growth & withdrawals :happy My initial $12k transfer from ...
by soccerrules
Fri Sep 07, 2018 11:27 am
Forum: Investing - Help with Personal Investments
Topic: DAF > Roth IRA? 12% tax bracket, no taxable
Replies: 46
Views: 3732

Re: DAF > Roth IRA? 12% tax bracket, no taxable

OP- I posted a similar thread yesterday as well. I am moving appreciated assets from my taxable account to avoid the LT cap gain tax and take advantage of the every other year "bunching". I have not taken the additional steps to look at the DAF costs and mechanics of contributions, yet. Looking at J...
by soccerrules
Fri Sep 07, 2018 10:25 am
Forum: Personal Finance (Not Investing)
Topic: House strategy approaching FI and maybe RE
Replies: 9
Views: 1271

Re: House strategy approaching FI and maybe RE

Congrats. Not the expert but you might consider CD or TIPS ladders to meet your 2-4 year time frame. I assume you have looked on Zillow and consider the housing market in Dallas. The market has been pretty hot over the last 1-2 years and may be cooling just a tad. If you are going to rent first (wi...
by soccerrules
Fri Sep 07, 2018 9:13 am
Forum: Personal Finance (Not Investing)
Topic: House strategy approaching FI and maybe RE
Replies: 9
Views: 1271

Re: House strategy approaching FI and maybe RE

Congrats. Not the expert but you might consider CD or TIPS ladders to meet your 2-4 year time frame. I assume you have looked on Zillow and consider the housing market in Dallas. The market has been pretty hot over the last 1-2 years and may be cooling just a tad. If you are going to rent first (wis...
by soccerrules
Thu Sep 06, 2018 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Am I thinking about this correctly ...Taxes and DAF
Replies: 3
Views: 355

Re: Am I thinking about this correctly ...Taxes and DAF

If I took a fund from my taxable brokerage account with say $20K in LT cap gains and moved to DAF for a 2 year distribution plan. I am reducing my potential future tax hit by $3500 (15%). This is not quite correct. The donation would usually be more than $20K to get that LT cap gains unless the Cos...
by soccerrules
Thu Sep 06, 2018 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Am I thinking about this correctly ...Taxes and DAF
Replies: 3
Views: 355

Am I thinking about this correctly ...Taxes and DAF

Background: Income: $225-250K -- Married Filing jointly, over 50's couple Property/Sales Tax will hit $10K/year limit Mortgage Interest $3500 (mortgage will be retired Dec 2023) Some other deductions (Food Drives, Clothing) 403B ($24K), yes aware it is short $500 401K ($12K) HSA ($2400) (not sure HS...
by soccerrules
Wed Sep 05, 2018 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Delay in 401k Contribution Posting, cause for concern?
Replies: 15
Views: 1468

Re: Delay in 401k Contribution Posting, cause for concern?

I would speak to
1) HR lead
2) Benefits coordinator
3) Payroll Lead

Whomever you think has the most knowledge of these situations within your company.

You might be surprised that "they" are unaware that the issue exists.
by soccerrules
Wed Sep 05, 2018 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Buying car - help with closing the deal
Replies: 22
Views: 2557

Re: Buying car - help with closing the deal

I would have any used car checked out by YOUR mechanic prior to buying. It is worth the $150ish dollars. I would check online for certain models and years to make sure you aren't buying a car that has shown to have a number of issues (1st year models). If you like it and checks off 90+% of your boxe...
by soccerrules
Thu Aug 30, 2018 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: # of accounts vs wealth perception
Replies: 14
Views: 1622

Re: # of accounts vs wealth perception

I essentially have 6 active accounts. 2 of which account for 80+ % of our portfolio. I have them all loaded into my Vangaurd account and I look at the total number most of the time. I do however enjoy seeing the other individual accounts creep up and pass certain markers. "the next 100K threshold", ...
by soccerrules
Thu Aug 30, 2018 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Payoff Student Loan or Keep in tIRA
Replies: 6
Views: 391

Re: Payoff Student Loan or Keep in tIRA

don't take money out of tIRA's.

Keep paying off debts
Look for side job for you and/or spouse. There are many things online, part time these days.
Cut current budget until you get student debt paid off.
Sell stuff you don't want/need anymore
by soccerrules
Thu Aug 30, 2018 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Zelle, online payments
Replies: 53
Views: 4598

Re: Zelle, online payments

Used Zelle through Chase bank for years. Worked great and most of the bills are set-up for 1 day payments. My only concern/issue have been from asking for a live check to be sent from Zelle The issue is the live check for smaller business and individuals. The drawback here is when you process the pa...
by soccerrules
Wed Aug 29, 2018 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: Roll my rollover IRA into company 401K now?
Replies: 12
Views: 980

Re: Roll my rollover IRA into company 401K now?

PFInterest wrote:
Tue Aug 28, 2018 8:19 pm
unequivocally yes.
+1
assuming this is your only tIRA --
I just did this for my spouse and myself -- Backdoor Roth's galore.
by soccerrules
Wed Aug 29, 2018 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about a few life insurance certificates
Replies: 3
Views: 395

Re: Questions about a few life insurance certificates

cash out whole life policy. Considering your plans for retirement, kids out on their own, stopping your earned income etc. I would try and determine when the "need" for life insurance disappears.I would look into a level premium policy for 10,15 or 20 years. Last year I bought a 20 year level premiu...
by soccerrules
Wed Aug 29, 2018 1:42 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with cash/emergency fund
Replies: 36
Views: 3620

Re: What to do with cash/emergency fund

Hello - My wife and I have $25,000 in cash reserves for our emergency fund. It's currently sitting in a Money Market account from our local bank and not paying much interest. I've started thinking about better ways to put this money to work instead of just leaving it where it is. I've been looking ...
by soccerrules
Tue Aug 28, 2018 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: not understanding the math
Replies: 22
Views: 3742

Re: not understanding the math

It might be helpful to put your actual numbers for people to use. I think the big difference is you are applying 14 years of expense of $12K / year with a $0 balance at the end -- not a SWR of $175K to last 30 years. $12K is 6.8% WR, on $175K Also when you use percentages -- deducting the same doll...
by soccerrules
Tue Aug 28, 2018 9:06 am
Forum: Personal Finance (Not Investing)
Topic: How do you 7 figure guys organize multiple accounts?
Replies: 164
Views: 12202

Re: How do you 7 figure guys organize multiple accounts?

I keep track in 2 places-- on a spreadsheet and then our Vanguard account. We have connected between us at Vanguard -- Joint Taxable, His tIRA, Her tIRA, and Her403B -- we each have Roth's now but they are not connected (need to fill out paperwork) For the other "outside" accounts I have added them ...
by soccerrules
Tue Aug 28, 2018 8:44 am
Forum: Personal Finance (Not Investing)
Topic: not understanding the math
Replies: 22
Views: 3742

Re: not understanding the math

It might be helpful to put your actual numbers for people to use. I think the big difference is you are applying 14 years of expense of $12K / year with a $0 balance at the end -- not a SWR of $175K to last 30 years. $12K is 6.8% WR, on $175K Also when you use percentages -- deducting the same dolla...
by soccerrules
Mon Aug 27, 2018 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Can't handle being in debt (mentally)
Replies: 42
Views: 5111

Re: Can't handle being in debt (mentally)

Information passed along. I told him the general consensus around here was going to remain just as he asked last time. Out of curiosity, let’s for hypothetical reasons say this person was not going to get themselves into this situation again. Would raiding the Roth be supported by more? I ask becau...
by soccerrules
Mon Aug 27, 2018 2:29 pm
Forum: Investing - Help with Personal Investments
Topic: Ready to jump in. My investment plan
Replies: 9
Views: 833

Re: Ready to jump in. My investment plan

vote for taking full advantage of tax deferred space. (each year)
Roth IRA's and HSA (if available)
Then rest to Taxable Account

Keep the saving rate high. That is the major key to FIRE.
Then consider best placement of AA in 403b,IRA's and Taxable (for growth and tax consideration)
by soccerrules
Fri Aug 24, 2018 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Funds in ROTH IRA
Replies: 5
Views: 921

Re: Retirement Funds in ROTH IRA

Please help me understand if I am thinking about this the right way. If I have most of my retirement funds in a ROTH IRA, then no matter where I eventually retire from a state income perspective, it won't matter since I have already paid the state taxes upfront and my withdrawals should be tax free...
by soccerrules
Thu Aug 23, 2018 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: Open ROTH IRA's - when, where and how?
Replies: 14
Views: 769

Re: Open ROTH IRA's - when, where and how?

I use Vanguard, others can comment on Fidelity or Schwab. I assume you can call any of their 800#'s and they can open an account for you in a few minutes. I would make sure you understand the income limitations for direct Roth Contributions. If your combined income is high (AGI $189K-199K) you will...
by soccerrules
Thu Aug 23, 2018 4:48 pm
Forum: Investing - Help with Personal Investments
Topic: Paying Prop Taxes - No mortgage
Replies: 20
Views: 2540

Re: Paying Prop Taxes - No mortgage

Taxes are due 12.31 for that "prior" year
I send a check postmarked on 12.31 for the full amount.
In the past itemized taxes in same year. Because my taxes are similar to your, I do not benefit in bunching my property taxes.
by soccerrules
Tue Aug 21, 2018 1:30 pm
Forum: Investing - Help with Personal Investments
Topic: Open ROTH IRA's - when, where and how?
Replies: 14
Views: 769

Re: Open ROTH IRA's - when, where and how?

I use Vanguard, others can comment on Fidelity or Schwab. I assume you can call any of their 800#'s and they can open an account for you in a few minutes. I would make sure you understand the income limitations for direct Roth Contributions. If your combined income is high (AGI $189K-199K) you will ...
by soccerrules
Tue Aug 21, 2018 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: Investing monthly Social Security payments
Replies: 33
Views: 3057

Re: Investing monthly Social Security payments

Needless to say the market is back where it was in January and I plan to begin receiving Social Security in November at age 63 yrs of age. I receive a pension, my wife receives a pension and Social Security.... we do not need my Social Security. Why are you planning to start at 63? +1 it would seem...
by soccerrules
Mon Aug 20, 2018 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Is a million really the benchmark for retirement
Replies: 109
Views: 12267

Re: Is a million really the benchmark for retirement

calico- +1 to the other comments so far. It is what YOU need is what matters, not anyone else. Do the math suggested from previous posts. If it looks close or you are behind a little, you either decrease your expenses (now and projected for retirement) or increase your future income(now and savings)...
by soccerrules
Mon Aug 20, 2018 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Your major and investing/finance?
Replies: 99
Views: 5199

Re: Your major and investing/finance?

BBA - Marketing/Management (Sales, Sales Mgmt)
Thought I wanted to do Accounting in HS and have always loved math and stats.
by soccerrules
Thu Aug 16, 2018 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: ADP and ACP tests
Replies: 4
Views: 354

Re: ADP and ACP tests

I am only conjecturing here. I believe the main purpose of these "tests" are to make sure that the HCE's do not have an advantage over the non-HCE's based on their compensation levels. I believe the testing is a look back at what type of savings in the company offerings(401K,457, ETC) all employees ...
by soccerrules
Thu Aug 16, 2018 10:29 am
Forum: Personal Finance (Not Investing)
Topic: SS benefits and work history question
Replies: 6
Views: 570

Re: SS benefits and work history question

Yes- Highest 35 years of "Indexed" earnings. There is a cap of earnings that are taxed for SS each year ($128,400 for 2018, lower in years past). The earnings 20-25 years ago are indexed "up" to current dollars. If you earn more than the cap in a given year, you have "max'd out" for that year and yo...
by soccerrules
Thu Aug 16, 2018 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Civil service: Long Shot Interview.. Would you go?
Replies: 33
Views: 3748

Re: Civil service: Long Shot Interview.. Would you go?

Go, for sure. Research as much as you can about the role, get prepared with questions, learn about the people interviewing. Be ready to explain why you are interested in the role and how it why it might be a good fit. (sell yourself) You never know where this might lead. You get the job or they have...
by soccerrules
Wed Aug 15, 2018 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Compensation negotiation
Replies: 10
Views: 721

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: 4
Views: 522

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: 116
Views: 6957

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: 2835

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: 1649

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: 1649

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: 1508

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: 1508

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: 10
Views: 860

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: 1080

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: 1508

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: 1080

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: 1649

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: 16248

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: 3868

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: 5659

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...