Search found 218 matches

by soccerrules
Thu Jan 18, 2018 6:16 pm
Forum: Investing - Help with Personal Investments
Topic: Job terminated. Convert small pension to lump sum or annuity?
Replies: 18
Views: 1420

Re: Job terminated. Convert small pension to lump sum or annuity?

I would roll it over into an IRA. My guess is this will not be your last rollover IRA if you plan to work another 20-30 years.

I like my options of low cost index investing over the $100/mo income stream.
by soccerrules
Thu Jan 18, 2018 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: New Boglehead!
Replies: 6
Views: 515

Re: New Boglehead!

You got here in plenty of time. I didn't arrive until I was 51 (last year :D ) Read the wikis and several of the recommended books. The more you know the more you will want to know. If you post more details about your specific financial numbers (savings and debt) you will get expert advice for free....
by soccerrules
Thu Jan 18, 2018 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: cash vs in investments percentage
Replies: 3
Views: 378

Re: cash vs in investments percentage

Hey Brian. Good start on savings at 24. Keep it going. I hold my EF in cash. I also have MM / settlement funds in our IRA's and Taxable accounts. I am transitioning out of a complicated portfolio set up by a former FA. I am spreading out my LT cap gains over 2 years and have any dividends or interes...
by soccerrules
Thu Jan 18, 2018 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Paying Off House
Replies: 11
Views: 1042

Re: Paying Off House

I might check and see what a refi on a 15yr looks like and see if that helps with the rate any. However, it does appear you may be a decent number of years into your 30 year now with a 50% equity position. Without having a really clear picture of your financial situation and job/income stability, I ...
by soccerrules
Tue Jan 16, 2018 4:34 pm
Forum: Investing - Help with Personal Investments
Topic: New HSA Account
Replies: 7
Views: 572

Re: New HSA Account

I am in year 2 of an HDQP with an HSA. I believe only the employee of the employer can make contributions to the plan, pre-tax. But I Might be wrong. I would have her ask HR/Benefits. 401k/403B contributions are separate - $24K for age 50 in year 2018 or if already 50. HSA $6,900 is max employee con...
by soccerrules
Tue Jan 16, 2018 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance
Replies: 11
Views: 347

Re: Term Life Insurance

Thanks! Here's some more details regarding net worth and spending (700k house paid off, 1.5m tax deferred, 1.2m taxable) ~90k annual spending you have 30X expenses. Part of this is the emotional decision, sleep at night. If your wife sleeps better at night with the LI, then maybe you keep it for an...
by soccerrules
Tue Jan 16, 2018 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance
Replies: 11
Views: 347

Re: Term Life Insurance

I'm 52/ wife 50.
youngest 16, 1 in college, 1 launched
I cancelled wives $250K policy this year. Replaced my $1M Term 70 policy to 15 year level premium ($1M).
less than 6 years left on mortgage.
Plan to reduce or drop $1M policy DB amount as I age and get closer to FI.
by soccerrules
Tue Jan 16, 2018 2:33 pm
Forum: Investing - Help with Personal Investments
Topic: too complacent?
Replies: 10
Views: 1104

Re: too complacent?

Congrats, from my perspective you have far exceeded winning the game. I do not have the experience to speak on "changes". I would agree with the AA 50/50 is not out of line. It does appear your have plenty of assets, so maybe you are investing a portion with your son and his longer term investment h...
by soccerrules
Tue Jan 16, 2018 2:23 pm
Forum: Investing - Help with Personal Investments
Topic: Help with young family portfolio
Replies: 12
Views: 1025

Re: Help with young family portfolio

You have received some good input already. I will add a few additional thoughts. 1) Reduce your expenses and start saving in your 401k. I am much older than you but essentially did the same this past year when switching jobs and taking a pay cut. Started at 1% and then look for ways to decrease expe...
by soccerrules
Mon Jan 15, 2018 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: retirement scenario [safety of IRA funds]
Replies: 18
Views: 1540

Re: retirement scenario [safety of IRA funds]

you know you will pay a 10% penalty and taxes on this as income in the year you "cash out" -unless you wait until age 59.5?
by soccerrules
Fri Jan 12, 2018 5:43 pm
Forum: Personal Consumer Issues
Topic: Which Car To Keep
Replies: 25
Views: 1371

Re: Which Car To Keep

thoughts Van and Pilot are closer to being the same type of vehicle offering, vs Van / Tundra Tundra is worth more if you sell - '13-'15 Tundras in DFW with 40K miles selling for $30-35K Do you need the cash from selling the vehicle ? - diff of $20K plus in resale Which do you like most ? Tundra is ...
by soccerrules
Fri Jan 12, 2018 5:24 pm
Forum: Personal Consumer Issues
Topic: Trying to downsize but still too much stuff
Replies: 59
Views: 5528

Re: Trying to downsize but still too much stuff

after reading your post -- impressive.

Dump the lamps keep the rest, now you are at 17.
by soccerrules
Fri Jan 12, 2018 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Sell or Keep a rental condo
Replies: 36
Views: 2392

Re: Sell or Keep a rental condo

I had thought at one time I wanted to own rental properties. At this time I have decided NOT to own rentals. For this reason I am "Out".

I would sell the condo and apply the proceeds to my AA. (vegas hand wash/clap)
by soccerrules
Fri Jan 12, 2018 4:40 pm
Forum: Investing - Help with Personal Investments
Topic: Help me stop my addiction to stock market peeping!
Replies: 66
Views: 4430

Re: Help me stop my addiction to stock market peeping!

I was just contemplating this very thing this week. I don't pay attention to the chatter of financial talking heads, but I do look and see if the S&P was +/- on the day. I tend to look at our Vanguard account 1-2 times a day (IRA's, Taxable and wife's 403B) mainly on my smartphone Vanguard app. I lo...
by soccerrules
Fri Jan 12, 2018 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance: Who do you use? (Auto/Home)
Replies: 32
Views: 1759

Re: Insurance: Who do you use? (Auto/Home)

Have had Allstate, Safeco, USAA and now we are with Geico.

I will shop at least every 2 years for best rates.
by soccerrules
Fri Jan 12, 2018 3:08 pm
Forum: Investing - Help with Personal Investments
Topic: 26, have a job, now what?! Seeking advice!
Replies: 43
Views: 2021

Re: 26, have a job, now what?! Seeking advice!

Welcome to BH. I arrived only about 6mo ahead of you albeit I am twice your age :D . Great forum, solid advice. I might recommend the following and KISS it. Slow down. 1) Reduce your spending and save as much as you can in 2018. Max 401k/IRA space (put in Target Fund) , stick the rest you save this ...
by soccerrules
Wed Jan 10, 2018 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Increase mortgage payment
Replies: 6
Views: 1025

Re: Increase mortgage payment

agree with other posts. These are the thoughts that pop up when I read your post. -Liquidity -Self-employment -Nothing is guaranteed I am a fan of being debt free, but only it it falls within the parameters of a larger solid financial plan where you have prepared for potential negative events (healt...
by soccerrules
Wed Jan 10, 2018 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Use HSA money or pay out of pocket?
Replies: 36
Views: 2854

Re: Use HSA money or pay out of pocket?

I am starting year 2 of an HSA. My plan is to not use the money for current medical expenses and have it available to cover anticipated medical needs as I age (post retirement). I plan to retire at 60 and will potentially use some of the HSA funds to cover medical premiums/expenses from 60-65. I am ...
by soccerrules
Fri Jan 05, 2018 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: How much life insurance?
Replies: 8
Views: 492

Re: How much life insurance?

20+ years ago I was in your shoes. I did $1M on me (sole breadwinner) and $250K on wife SAHM. I recently dropped the wive's term (youngest is 16) and changed my $1M to level premium 15 year term. I will probably drop my policy when we are at/close to FI. Term is pretty cheap at your age. If I were i...
by soccerrules
Fri Jan 05, 2018 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Seeking Advice To $$ Mess
Replies: 23
Views: 2422

Re: Seeking Advice To $$ Mess

Have they asked for your help ? Or have you just become aware of their situation and want to step in and "help". I would agree with most of the comments made by others, but the decision is YOUR parents. If they have come to you with hands up in the air realizing that they are in a really bad spot an...
by soccerrules
Thu Jan 04, 2018 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm vs Geico
Replies: 67
Views: 4510

Re: State Farm vs Geico

Have not been with State Farm but have been with others. I switched to Geico about 10 months ago and saved more than the "15% in 15 minutes". I asked for a quote from Geico (through the app) for Umbrella Insurance as it is probably past time to add that. $1M was $430/year was the quote. That seems m...
by soccerrules
Thu Jan 04, 2018 3:09 pm
Forum: Investing - Help with Personal Investments
Topic: Can I retire now?
Replies: 44
Views: 4608

Re: Can I retire now?

Are you sure on your SS? I know you are retiring early, but I have worked only 16 years where I made decent money and calculated I would get around $2000 SS at age 67. Though I was paying in the max 20+ years ago so that helped I'm sure. Actually, I'll be receiving $2,000/mo in SS in today's dollar...
by soccerrules
Wed Jan 03, 2018 6:00 pm
Forum: Investing - Help with Personal Investments
Topic: Pay down principal or invest
Replies: 39
Views: 1864

Re: Pay down principal or invest

Annual savings: 40K= 18.5K (her 401K)+11K (both Roths) +10.5K (cash savings) Annual retirement expenses: NO IDEA B-Humble- I think you need to start trying to project what your expenses will be like in retirement even if it is a general ballpark number. If you have not tracked your expenses there a...
by soccerrules
Wed Jan 03, 2018 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: Pay down principal or invest
Replies: 39
Views: 1864

Re: Pay down principal or invest

I will take a quick shot without knowing more about your income, expenses, past experiences. $200K for retirement "seems" lite for ages 40/43, (sorry). I don't know if that is an the outcome because of low incomes or a poor outcome due to bad decisions or your expenses are too high (didn't save). O...
by soccerrules
Wed Jan 03, 2018 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: Pay down principal or invest
Replies: 39
Views: 1864

Re: Pay down principal or invest

I will take a quick shot without knowing more about your income, expenses, past experiences. $200K for retirement "seems" lite for ages 40/43, (sorry). I don't know if that is an the outcome because of low incomes or a poor outcome due to bad decisions or your expenses are too high (didn't save). Or...
by soccerrules
Tue Jan 02, 2018 6:04 pm
Forum: Investing - Help with Personal Investments
Topic: Skeptical Tuna hit it big, but questions remain.
Replies: 9
Views: 2499

Re: Skeptical Tuna hit it big, but questions remain.

Tuna- 1st get Mrs Tuna a Reese's stat. Best Candy on the planet. IMO, you need insurance to "protect" something -- protect Loss of income (disability and life) or protect for accidents or other events (auto, home/renters, and umbrella). What are YOU wanting to protect ? It would seem that Mrs. Tuna'...
by soccerrules
Tue Jan 02, 2018 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone used Zelle?
Replies: 44
Views: 5569

Re: Wells Fargo recurring transfer question - Zelle

What many sites omit to say is that Zelle does NOT allow you to set up recurring automatic transfers. If you want to automatically transfer a set amount, say monthly, to another person’s bank account then Zelle cannot do this. They do not state this directly in online Zelle related info. If you do ...
by soccerrules
Thu Dec 21, 2017 9:52 am
Forum: Investing - Help with Personal Investments
Topic: Late in the game advice please
Replies: 11
Views: 1308

Re: Late in the game advice please

If you want to get to a decent/good retirement then I think you need to seriously consider ALL of the following 1) Increase your income, ASAP 2) Reduce your expenses, NOW 3) Save more (where you put the savings is less important right now, than getting into the habit of saving) 4) Read the wiki's a...
by soccerrules
Wed Dec 20, 2017 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: A good used car purchase?
Replies: 13
Views: 798

Re: A good used car purchase?

Should I buy Honda Pilot, 2010, 69K miles, clean CarFax, from private seller for $15998 In Dallas within 30 miles of DFW airport (Cars.com) 09- Pilot / Touring 42.6K miles, $17,193 11 - Pilot / Touring 68.6K miles $17 124 12 - Pilot / EX-L 54K miles $ 17,995 12 - Pilot / Touring 65K miles $ 18,495 ...
by soccerrules
Wed Dec 20, 2017 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Cash out car refi
Replies: 21
Views: 1059

Re: Cash out car refi

you are leveraging an additional $3,800 and 26 months on a depreciating asset to make $22/year

How old is the car ?
What happens if the car craps out and you need to spend $2000 on it ?
What if you are in a wreck and the car is totaled ?
by soccerrules
Tue Dec 19, 2017 6:12 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for young investors
Replies: 10
Views: 859

Re: Advice for young investors

52. Have been a "saver" since I was a pre-teen. I loved to take cash/checks to the S&L and watch then add a deposit to my passbook. I started investing around 25. Front loaded mutual funds :shock: My advice: Saves as much as possible, even it it hurts. Develop the habits of saving early. Let time do...
by soccerrules
Tue Dec 19, 2017 6:03 pm
Forum: Investing - Help with Personal Investments
Topic: Late in the game advice please
Replies: 11
Views: 1308

Re: Late in the game advice please

State: unknown ? -- assume this means you don't have a state income tax How stable is your job ? What are your monthly bare minimum expenses ? Are you expecting a pension ? + SS ? If you have a very stable job and expenses are fairly low -- I would take $18K of your cash and pay off your 3 loans wit...
by soccerrules
Tue Dec 19, 2017 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Sell or Hold
Replies: 7
Views: 555

Re: Sell or Hold

what other monies to you have invested ? @ 700K in RE debt @ $300/mo income to be a landlord. (what about repairs and maintenance?) I have never been a landlord, but have toyed with the idea. I am not sure $300/mo is worth the hassle for me. I would live in the house you like feel is the best fit fo...
by soccerrules
Tue Dec 19, 2017 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Repair car or time for new (used) car?
Replies: 26
Views: 1563

Re: Repair car or time for new (used) car?

Fix it.
same boat, 05 gmc yukon xl - 203K miles. I just spent $500 on it.

I think my threshold is not spending in one year more than it is worth if I sold it. Unfortunately, like the market i do not know when the big expense is coming.
by soccerrules
Mon Dec 18, 2017 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance
Replies: 24
Views: 1606

Re: Life Insurance

You buy insurance to replace the loss of your income for a period of time,and/ or to cover debts and commitments. (mortgage, kids college) There are a lot of factors that go into how much you need. Like do you want your wife to have to go back to work or not ? would she consider getting remarried ? ...
by soccerrules
Thu Dec 14, 2017 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: What is a Reasonable Retirement Cost of Living?
Replies: 47
Views: 5578

Re: What is a Reasonable Retirement Cost of Living?

here is what I did. Set up an account with Mint and then monitored my actual spending in certain categories over 3/6/9/12 months. Once you hit a year I would then re-evaluate each year and see what increases/decreases. Also with most of these programs you can export to Exel and then create a spreads...
by soccerrules
Mon Dec 11, 2017 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Done gone and did it [Retire]
Replies: 80
Views: 7995

Re: Done gone and did it

Congrats!
dreaming and working toward my own accidental sendoff.
by soccerrules
Mon Dec 11, 2017 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to live on one income?
Replies: 70
Views: 5766

Re: Can we afford to live on one income?

If that is what you want to do -- do it. Make it work.

I am in the SAHP camp. We did it for 15 years before spouse went back to work part time for a few years and now full time because our youngest is in HS.
For us the sacrifices we made in other areas was worth having the SAHP.
by soccerrules
Fri Dec 08, 2017 4:02 pm
Forum: Investing - Help with Personal Investments
Topic: Retire in my early 40s? Crazy or actually doable?
Replies: 77
Views: 10941

Re: Retire in my early 40s? Crazy or actually doable?

Assume no kids ? It feels different to me because my wife and I have combined finances and we have 3 kids.

On paper it looks like you are ready. NOW figure out what you are going to do with all that time.

Congrats and best of luck. Check in and let us know who you are doing.
by soccerrules
Fri Dec 01, 2017 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: I met my first Retirement Savings goal
Replies: 26
Views: 2076

Re: I met my first Retirement Savings goal

Congrats !

I am trying to heed the advice I have given my kids over the last 20+ years. " There are always going to be people that have MORE than you and LESS than you, always" -- focus on YOU and do YOUR best.
by soccerrules
Thu Nov 30, 2017 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: A good friend has nearly $1M in BitCoin what do I tell him?
Replies: 149
Views: 16687

Re: A good friend has nearly $1M in BitCoin what do I tell him?

Now the friend has 20% less than yesterday as Bitcoin lost that in the last 24 hours.

https://www.reuters.com/article/us-glob ... SKBN1DU1Z3

Of course it might be back up 25-30% tomorrow. :shock:
by soccerrules
Thu Nov 30, 2017 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Thankful for the Debt we Took - Should we Try Again?
Replies: 95
Views: 9245

Re: Thankful for the Debt we Took - Should we Try Again?

I think your title tells me your feelings. "We got lucky rolling the dice, should we try it again"

ahh NO !

I am not sure Thankful is the feeling I have had when i took on Debt. I will be thankful when it is gone, though.
by soccerrules
Wed Nov 29, 2017 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: A good friend has nearly $1M in BitCoin what do I tell him?
Replies: 149
Views: 16687

Re: A good friend has nearly $1M in BitCoin what do I tell him?

Hard to know what your true relationship is like with this friend. There is some sort of connection that he felt comfortable in telling you the details of his $10K Bitcoin buy. If you have a very open relationship with this friend, sharing financial or personal things and even being a sounding board...
by soccerrules
Tue Nov 28, 2017 5:56 pm
Forum: Personal Consumer Issues
Topic: Making collegebound Kid Financially Savvy Questions..
Replies: 49
Views: 3113

Re: Making collegebound Kid Financially Savvy Questions..

1 out of college, 1 in and 1 HS soph. we started Debit/Checking accounts at age 15/16. I encouraged long term savings with a Dad matching savings account. I matched anywhere from 25-100% of money into the savings account with the requirement it is not touched for minimum of 1 year. Can you please e...
by soccerrules
Wed Nov 22, 2017 2:33 pm
Forum: Personal Consumer Issues
Topic: Making collegebound Kid Financially Savvy Questions..
Replies: 49
Views: 3113

Re: Making collegebound Kid Financially Savvy Questions..

1 out of college, 1 in and 1 HS soph. we started Debit/Checking accounts at age 15/16. I encouraged long term savings with a Dad matching savings account. I matched anywhere from 25-100% of money into the savings account with the requirement it is not touched for minimum of 1 year. as far as the Deb...
by soccerrules
Wed Nov 22, 2017 11:55 am
Forum: Personal Consumer Issues
Topic: FIOS contract up - Price Increase
Replies: 18
Views: 1472

Re: FIOS contract up - Price Increase

same boat.
FYI -- if you ask to be transferred to the cancellation department, they can offer extra incentives to keep your business, that the normal customer service rep can not.
by soccerrules
Wed Nov 22, 2017 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Refinance to 15-Year Fixed or Not?
Replies: 10
Views: 649

Re: Refinance to 15-Year Fixed or Not?

Look for a better rate and then refi to 15 year note.
by soccerrules
Tue Nov 21, 2017 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: How much longer do I need life insurance?
Replies: 19
Views: 1364

Re: How much longer do I need life insurance?

2 kids 12 and 14, probably going to college. Something I find interesting is that most people assume that after my untimely demise, my wife and kids would need to live exactly as they do now with the same house, expenses, etc. for the indefinite future. Not to be cold hearted but I am not sure if t...
by soccerrules
Tue Nov 21, 2017 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: How much longer do I need life insurance?
Replies: 19
Views: 1364

Re: How much longer do I need life insurance?

Uncle- It sounds like you have the same NWML policy I had, called Term70. Increasing premiums until policy ends at 70. The yearly premium increase will continue to grow over the next years, exponentially. I am 52 and just switched to a 15 year level premium term policy. (same rate each year for the ...