Search found 684 matches

by soccerrules
Tue Jul 17, 2018 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: SS estimate and when you stop working
Replies: 2
Views: 386

Re: SS estimate and when you stop working

If you are looking at your SS record on the SS website it references the assumptions are based off of you earning the same amount each year, until retirement, of your most recent year's SS taxed income. In general, if you have passed the 2nd bend point and are close to 35 years of earnings-- the nee...
by soccerrules
Mon Jul 16, 2018 3:54 pm
Forum: Personal Consumer Issues
Topic: Bears!!!
Replies: 59
Views: 4500

Re: Bears!!!

I would build a small wooden enclosure and wrap it with electric wire at various heights 1ft, 3ft and top. Arm the electric wire when you put your trash out. While visiting Alaska this is what the locals do for the shed they keep fishing gear, salmon packing materials and fridge with frozen salmon. ...
by soccerrules
Mon Jul 16, 2018 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Unclaimed property
Replies: 13
Views: 899

Re: Unclaimed property

Found some money for one of my offspring. Nada for me. :(
by soccerrules
Mon Jul 16, 2018 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: College funds spendown...
Replies: 6
Views: 674

Re: College funds spendown...

Based on your post --i think you wait and see, especially if you are not sure if your DD will attend or not. I not familiar with coverdell but assume you are receiving the benefit of tax free growth . One could argue to try and leave some of the money in the accounts to continue growing tax free. We...
by soccerrules
Fri Jul 13, 2018 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Grandpa's 88 and has term life insurance
Replies: 39
Views: 2846

Re: Grandpa's 88 and has term life insurance

He certainly doesn't need it but it might be a good bet actuarially if he likes that sort of thing. At 88 he has a life expectancy of a little under 5 years aka social security table. https://www.ssa.gov/oact/STATS/table4c6.html From the actuarial tables, here is the probability of him surviving un...
by soccerrules
Fri Jul 13, 2018 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: To Roll Over or Leave Vested?
Replies: 3
Views: 394

Re: To Roll Over or Leave Vested?

Coffee- I do not have any experience to help guide you but when I read your post I have more questions. Assume other that can help would need more info. 1) What is your age ? Married ? Spouses situation? Kids ? 2) What other financial assets do you have ? (IRA, Taxable, etc) 3) Plan to retire when ?...
by soccerrules
Thu Jul 12, 2018 4:58 pm
Forum: Investing - Help with Personal Investments
Topic: New Boglehead - Portfolio Questions
Replies: 11
Views: 667

Re: New Boglehead - Portfolio Questions

Welcome to BH-- I wish I was your age when I found this community. Some general replies, GREAT for starting to save early in your career. The habit of saving will be your biggest asset and then investing in low cost, passive index funds. 1) Try and save more. Get on a budget and SAVE. Your future 50...
by soccerrules
Thu Jul 12, 2018 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Keeping a checkbook register
Replies: 122
Views: 9188

Re: Keeping a checkbook register

I don't keep a checkbook register anymore.
We write 15-20 checks a year-- mainly for kids school organizations/clubs.
I use Mint to see where the money goes and to help plan for ER in 6-8 years.
by soccerrules
Thu Jul 12, 2018 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: How to bring up this issue with your boss? (firm failure to contribute employer match)
Replies: 6
Views: 747

Re: How to bring up this issue with your boss? (firm failure to contribute employer match)

yes read whatever plan information you have. The language around matching and vesting can be confusing. My company matches after 12 months and there is a vesting time frame based on years of service. Matching for me also takes place at the end of the year, not each pay period. I would think you have...
by soccerrules
Thu Jul 12, 2018 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Grandpa's 88 and has term life insurance
Replies: 39
Views: 2846

Re: Grandpa's 88 and has term life insurance

What is a better financial decision, to continuing paying the $900 a month, or just cancel it because $900 a month is way too much to be paying for life insurance? I would think the best financial decision might have been made 15-25 years ago by dropping life insurance if it was not needed to repla...
by soccerrules
Thu Jul 12, 2018 11:07 am
Forum: Investing - Help with Personal Investments
Topic: How/where to allocate new money?
Replies: 10
Views: 795

Re: How/where to allocate new money?

if you have a Target Date fund that mirrors close to your AA --that works too.
by soccerrules
Thu Jul 12, 2018 10:27 am
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA slowly funneled into Roth IRA
Replies: 9
Views: 793

Re: Inherited IRA slowly funneled into Roth IRA

would there be benefit to restructuring your AA/portfolio to have a better tax strategy ? It doesn't seem like you would want a lot of growth in the Inherited IRA to only pay more taxes now. Slow the growth then when you take RMD's place the money into Roth's with US Stocks --then you want the tax f...
by soccerrules
Wed Jul 11, 2018 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: College savings plans - Roth vs. 529
Replies: 32
Views: 2407

Re: College savings plans - Roth vs. 529

There are mixed feelings on 529's. A lot also depends on how much of college you plan to pay. If you receive an income tax benefit from your state for contributing to 529, do at a minimum enough to get full benefit each year. You can do more to 529 or contribute to a taxable account with the intent ...
by soccerrules
Wed Jul 11, 2018 10:38 am
Forum: Personal Consumer Issues
Topic: Masterbath Remodel - Tub or No Tub ?
Replies: 57
Views: 3207

Re: Masterbath Remodel - Tub or No Tub ?

Thanks again for the additional feedback. We are more confident in the NO TUB decision for our master bath. One additional comment -- we have a very high ceiling in master bath so the shower would not be enclosed on top. For those that put in walk-in showers / wet areas. Are there any must have's, n...
by soccerrules
Wed Jul 11, 2018 8:14 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Update
Replies: 8
Views: 552

Re: Portfolio Update

a few thoughts 1) Your 401K match looks a little off -- your employer contributes MORE than you ? You should push to max 401K ASAP 2) HSA- I would check your plan. Mine requires $2K in cash and the rest can be invested. Maybe you just need to select the investment for the extra funds to go to, othe...
by soccerrules
Wed Jul 11, 2018 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Compensation
Replies: 21
Views: 3530

Re: Compensation

If it were me-- I would call 3-4 companies that have job postings that seem to match your current experience and workload. I would imagine after a 20-30 minute phone call (or less) with the recruiter you could inquire about the pay range. You could simply say -- I am in the market for a career move ...
by soccerrules
Tue Jul 10, 2018 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Dad asked for my help on pension decision that I do not understand
Replies: 43
Views: 3294

Re: Dad asked for my help on pension decision that I do not understand

Without knowing his other assets, expenses, SS, retirement plan-- I'd go for the Lump sum rollover to IRA.
by soccerrules
Tue Jul 10, 2018 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Update
Replies: 8
Views: 552

Re: Portfolio Update

a few thoughts 1) Your 401K match looks a little off -- your employer contributes MORE than you ? You should push to max 401K ASAP 2) HSA- I would check your plan. Mine requires $2K in cash and the rest can be invested. Maybe you just need to select the investment for the extra funds to go to, other...
by soccerrules
Tue Jul 10, 2018 1:19 pm
Forum: Personal Consumer Issues
Topic: Masterbath Remodel - Tub or No Tub ?
Replies: 57
Views: 3207

Re: Masterbath Remodel - Tub or No Tub ?

Thank you all for the replies, keep them coming.

If you have input on nice additions or things to avoid - please feel free to include those as well.
by soccerrules
Tue Jul 10, 2018 11:05 am
Forum: Personal Finance (Not Investing)
Topic: 30 Year vs 15 Year Mortgage
Replies: 79
Views: 4479

Re: 30 Year vs 15 Year Mortgage

Saving rate of 50% is solid Good EF Stable Job what is the monthly housing cost "all-in" for the mortgage, insurance, taxes and utilities compared to your current housing cost ? If you taking a big step forward going from renting a small apt to 4bd/2bath house in a state with high property taxes, in...
by soccerrules
Tue Jul 10, 2018 10:52 am
Forum: Personal Consumer Issues
Topic: Masterbath Remodel - Tub or No Tub ?
Replies: 57
Views: 3207

Masterbath Remodel - Tub or No Tub ?

We are looking into a Master Bath Remodel and would appreciate input to a question. Pertinant information: 30 year old home-- plan is to remove everything in master bath basically down to drywall/studs. New shower, tub(?), flooring, vanity, sinks, lighting, wall covering, fixtures and wall switches....
by soccerrules
Tue Jul 10, 2018 8:54 am
Forum: Personal Finance (Not Investing)
Topic: Dealing with recruiters
Replies: 20
Views: 1940

Re: Dealing with recruiters

Maybe a little insight ** Keep in mind the recruiters only make money when they place someone. There is no benefit to waste their time on a candidate that is not interested or a fit. Also recruiters very rarely send a ton of candidates to a client. They may screen a number of candidates and send th...
by soccerrules
Mon Jul 09, 2018 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: A little guidance welcomed
Replies: 16
Views: 804

Re: A little guidance welcomed

We do not have a 529 but each boy has a savings account we put into each month around $3k and $5k. My employer does not match anything just the free 10%. Check and see if you get a deduction on state income tax for funding a 529. If your state doesn't have a state income tax --than the answer is no...
by soccerrules
Mon Jul 09, 2018 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: A little guidance welcomed
Replies: 16
Views: 804

Re: A little guidance welcomed

or tighten your belt and pay off debt out of your disposable income. I think $18K is a little lite for an EF for a family with 2 wage earners and 2 kids. I would want that up to probably 4-6 months worth of expenses. I assume you could stretch the EF if only one of you were out of work. It doesn't a...
by soccerrules
Mon Jul 09, 2018 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Property - Continue to Rent or Sell
Replies: 20
Views: 1534

Re: Rental Property - Continue to Rent or Sell

agree with Chevca also is this a property that you would want to keep in the family or someone else in your family wants to keep ? how close is the town ? based on the age do you anticipate the value of the house increasing or decreasing (requiring more money for upkeep) ? Would the land be worth mu...
by soccerrules
Mon Jul 09, 2018 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Dealing with recruiters
Replies: 20
Views: 1940

Re: Dealing with recruiters

Maybe a little insight Asking for your Resume. -- Many times the recruiter is held accountable by their supervisors to activity metrics and one of them may be Resume- or "screens" which essentially is the phone call to screen you for this job. Keep in mind that the job they call/email you about migh...
by soccerrules
Mon Jul 09, 2018 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Should I take a $60k paycut to work 4days/week
Replies: 58
Views: 5187

Re: Should I take a $60k paycut to work 4days/week

It's up to you. I guess we made the same decision when we decide to have spouse stay at home full time when the kids were younger in lieu of income spouse would have earned. if you can afford to do it -- do it. It appears you are a physician with your "on call" comment. You could always look for som...
by soccerrules
Mon Jul 09, 2018 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Whole Life - We're doing it. What to look for?
Replies: 128
Views: 7484

Re: Whole Life - We're doing it. What to look for?

sorry to hear about the medical issues and the death in your family. I would encourage you to do some long term financial planning out 25-30 years. It is a little hard to know for sure how things will look in that long of a time frame but if can help you with these decisions some. If you are well on...
by soccerrules
Mon Jul 09, 2018 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Where to get credit check for landlord?
Replies: 18
Views: 1422

Re: Where to get credit check for landlord?

interesting, never heard of that--but I like you haven't rented for myself in 25+ years. I would think that is the Landlords responsibility and cost to incur, not yours. You co-sign on the lease and provide SS# and current address. This is a very peculiar statement. I can't say I know the laws of a...
by soccerrules
Fri Jul 06, 2018 11:10 am
Forum: Investing - Help with Personal Investments
Topic: Anyone hear of or invest in Rich Uncles?
Replies: 18
Views: 3441

Re: Anyone hear of or invest in Rich Uncles?

I've heard their radio ad on an all-sports station in a big Texas market. I think the stations demo is 25-55 males.
by soccerrules
Fri Jul 06, 2018 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Budgeting Decision - Pay Down Debt Faster? Or Put Towards Savings?
Replies: 12
Views: 716

Re: Budgeting Decision - Pay Down Debt Faster? Or Put Towards Savings?

Do you have any other monies in a brokerage or after-tax account ? If not, stop paying extra on student loan to build up minimum EF to 3 mo expenses. Then resume extra payments on student loans. Does wife work outside the home ? If she does then would her salary (or yours for that matter) cover your...
by soccerrules
Thu Jul 05, 2018 5:11 pm
Forum: Investing - Help with Personal Investments
Topic: Roll over old 401k to Vanguard?
Replies: 6
Views: 422

Re: Roll over old 401k to Vanguard?

A little more information about your situation would have been helpful (age,income, doing Roth contributions or not) You can: Leave it where it is roll to IRA (combine with other IRA , or leave separate --most people combine) roll to new company's 401K (if they take incoming funds) As bloom stated i...
by soccerrules
Thu Jul 05, 2018 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Where to get credit check for landlord?
Replies: 18
Views: 1422

Re: Where to get credit check for landlord?

interesting, never heard of that--but I like you haven't rented for myself in 25+ years. I have rented apartments/houses for my college students each of the last 7 years and never was asked to provide my own credit report. I would think that is the Landlords responsibility and cost to incur, not you...
by soccerrules
Thu Jul 05, 2018 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Sell or keep shares of a private company?
Replies: 46
Views: 3411

Re: Sell or keep shares of a private company?

Interesting read. I read the thread not knowing the original dialogue was from 9 months ago.

So you waited 9mo sold 50% of the shares for what you were offered for 100% of the shares back in October 2017. Good for you.

Keep us posted on what you do with the remaining shares.
by soccerrules
Thu Jul 05, 2018 2:23 pm
Forum: Personal Consumer Issues
Topic: Party for 30
Replies: 15
Views: 1664

Re: Party for 30

I just did this exact party- surprise party in my backyard, 8 kids, 15 adults -lasagna- I made it myself. 2 trays (in disposable foil trays so no dishes), <30 min to assemble. Made them 2 days ahead of time, fed everyone with leftovers -garlic bread- bought 3 ready made loaves from grocery store, p...
by soccerrules
Thu Jul 05, 2018 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Career Advice
Replies: 11
Views: 973

Re: Career Advice

I would say in most situations in life in order to see growth or change there is some discomfort. You could put your resume together and then confidentially look for something different. Maybe a CFO position for a smaller company or a "level-up" move to a different firm. Another option would be to e...
by soccerrules
Thu Jul 05, 2018 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Pay off my car or trade in on new?
Replies: 36
Views: 1716

Re: Pay off my car or trade in on new?

I searched our area for a 2015 Audi S3 and they are selling for @ $27K. Not sure your year, mileage and trim package /extras. To be honest when I read your thread I get the sense you are going to do whatever YOU want to do, not what others on a financial forum are going to suggest. That is fine, it...
by soccerrules
Thu Jul 05, 2018 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Pay off my car or trade in on new?
Replies: 36
Views: 1716

Re: Pay off my car or trade in on new?

I searched our area for a 2015 Audi S3 and they are selling for @ $27K. Not sure your year, mileage and trim package /extras. To be honest when I read your thread I get the sense you are going to do whatever YOU want to do, not what others on a financial forum are going to suggest. That is fine, it ...
by soccerrules
Thu Jul 05, 2018 8:27 am
Forum: Personal Consumer Issues
Topic: Tipping at non sit down places
Replies: 94
Views: 7772

Re: Tipping at non sit down places

sometimes.
I will toss $1-2 in the tip jar if it is a place we frequent in our neighborhood.
by soccerrules
Tue Jul 03, 2018 1:47 pm
Forum: Investing - Help with Personal Investments
Topic: 33 year old- How am I doing?
Replies: 22
Views: 2136

Re: How am I doing?

I agree with the others that you are doing a great job providing for your family, caring for your community, and saving for your future. Your new pension should provide at least $40,000 per year, provided you work 25 years and the pension plan is still around then. If so, you will likely be able to...
by soccerrules
Tue Jul 03, 2018 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Downsizing question: smaller house or interim rental
Replies: 15
Views: 837

Re: Downsizing question: smaller house or interim rental

I went to calculator.net and plugged in $2.6M adding $40K a year (i think you are adding more) for 7 years at 4% interest rate = $3.737M. 5% gives you $4M Looks like you should be able to meet your $3.8-4M target. I think renting and spending $2500/mo is reasonable to end up with what you really wan...
by soccerrules
Tue Jul 03, 2018 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Funding portfolio
Replies: 1
Views: 251

Re: Funding portfolio

Others far smarter and experienced than me will probably have great advice. As I read your thread these were a few thoughts. Without really knowing the size of your portfolio and the different dollars in each vehicle --and your expected need for expenses I am shooting in the dark a bit. What is you...
by soccerrules
Tue Jul 03, 2018 8:21 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review
Replies: 18
Views: 2205

Re: Portfolio Review

You may be starting to find out by now but kids are expensive. There are a number of ways to spend money with/on them. Competitive sports, music, hobbies. You have 4 of them and I would expect your out of pocket expenses start to rise as they get more involved. Yes, kids are pricey. . .but worth ev...
by soccerrules
Tue Jul 03, 2018 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Term life contract
Replies: 6
Views: 581

Re: Term life contract

Things to consider: 1) Make sure the company you are signing with & its underwriter will live for 20 years. agree an A rated company would be good, but hard to "make sure" a company will stay in business for 20 years 3) The payments for the 20 years should be level; Otherwise something funny is goi...
by soccerrules
Mon Jul 02, 2018 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Do we start the house buying process?
Replies: 25
Views: 2219

Re: Do we start the house buying process?

This appears you might consider it as a real estate deal and not your primary residence? I would stay the course as others have suggested until you have the student debt paid off. Then SAVE SAVE and SAVE some more. If I have to go back to my early 30"s again -- I would force myself to save more tha...
by soccerrules
Mon Jul 02, 2018 4:30 pm
Forum: Investing - Help with Personal Investments
Topic: Financial Literacy Pt. 2
Replies: 4
Views: 703

Re: Financial Literacy Pt. 2

I would make your goals simple 1) No Debt (Graduate with a degree and $0 debt) 2) Live like a poor college student 3) Focus on school but try and work as much as possible over breaks and summers. It is OK to take a college fun trip with friends, but not on credit cards. If you can do this -- you wil...
by soccerrules
Mon Jul 02, 2018 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: home buying question
Replies: 7
Views: 890

Re: home buying question

chevca wrote:
Sun Jul 01, 2018 3:53 pm
Listen to your wife. Keep saving for now. Buy a place when you're actually back home.
+1
Wait until you move back and then MAYBE consider buying --but renting for 6-12 months to get settled before you buy back East might be wiser.
you will not be sorry for SAVING more
by soccerrules
Mon Jul 02, 2018 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Term life contract
Replies: 6
Views: 581

Re: Term life contract

Others may have specific legal concerns for you to consider. You are buying a term life insurance policy (not contract). Term Life Insurance is similar to your auto insurance. As long as you are paying the premiums you have the coverage. You can stop paying the premium and drop/stop the coverage. Yo...
by soccerrules
Mon Jul 02, 2018 2:41 pm
Forum: Personal Consumer Issues
Topic: Recommend a vehicle for $24,000 or less
Replies: 47
Views: 3754

Re: Recommend a vehicle for $24,000 or less

there are a ton of good choices for under $24K. many 2016/2017 low mileage slightly used vehicles.

check out Cars.com and Carguru's for what is selling in your area.