Search found 432 matches

by soccerrules
Wed Apr 25, 2018 8:13 am
Forum: Investing - Help with Personal Investments
Topic: Allocation Debate - consider all accounts as one?
Replies: 13
Views: 710

Re: Allocation Debate - consider all accounts as one?

My preferred allocation: 87% Stocks (70% US, 30% Int'l) 13% Bonds We have the following accounts: -401K = $160,000 -My Roth = $15,000 -Her Roth = $15,000 -HSA = $10,000 TOTAL: $200,000 My 401K has fantastic fund options (low-cost Vanguard index funds), so there is no concern in fund choice across t...
by soccerrules
Tue Apr 24, 2018 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Job Interview - Send follow up email?
Replies: 16
Views: 1571

Re: Job Interview - Send follow up email?

JHU- my thoughts (hiring manager for the last 20+ years in Sales) my first reaction is you waited too long. A few days is appropriate, but 10 days is too long. What if the other candidate cancelled, no showed or bombed the interview. I would also consider asking more probing questions DURING the int...
by soccerrules
Tue Apr 24, 2018 11:49 am
Forum: Personal Finance (Not Investing)
Topic: new thinking under 2018 tax law?
Replies: 11
Views: 1491

Re: new thinking under 2018 tax law?

I am considering "bunching" itemized deductions for every other year use.
Property Taxes and Charitable Donations being the biggest drivers.
by soccerrules
Tue Apr 24, 2018 10:51 am
Forum: Personal Finance (Not Investing)
Topic: IRA rollover to 401k question
Replies: 13
Views: 643

Re: IRA rollover to 401k question

"Measure twice , cut once" I have confirmed that we both can roll our IRA's into our company 401/403 (Gathering paperwork) . According to my most recent 8606 we each have $8,000 in non-deductible IRA contributions. Here is my plan 1) Sell assets in IRA's to MM fund. 2) Initial paperwork to move all ...
by soccerrules
Mon Apr 23, 2018 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: AA for HSA used for medical expenses
Replies: 7
Views: 448

Re: AA for HSA used for medical expenses

I only have about $4500 invested in my HSA (+ $2000 in cash). I have mine considered in my overall AA and in 100% US Stocks VIGIX - Vanguard Growth Index Institutional. However, I do not plan on spending mine for routine medical/dental care. If I were to have a major surgery or hospital stay--then t...
by soccerrules
Mon Apr 23, 2018 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Smart or Stupid? Paying taxes with credit card to satisfy minimum spending requirements.
Replies: 28
Views: 2392

Re: Smart or Stupid? Paying taxes with credit card to satisfy minimum spending requirements.

I would not do it. It's cost you money to pay your taxes. I would find other spending options that don't cost you to charge. I would buy everything else on CC (Food/dining, gas, utilities,charitable giving). I would think you could spend $1000/mo without much effort. You may need to move some charge...
by soccerrules
Sun Apr 22, 2018 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: IRA rollover to 401k question
Replies: 13
Views: 643

Re: IRA rollover to 401k question

If that is the case -then I should keep the $8000 in the tIRA (roll the rest to 401K) --then move the $8,000 into a Roth IRA ? Then going forward I can make non-deductible contributions each year into tIRA and then move to Roth IRA ? That is what I would do. Again, just be very sure you can roll yo...
by soccerrules
Thu Apr 19, 2018 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Good Dad, Bad Dad [pay for son's driving expenses (or not)]
Replies: 49
Views: 3473

Re: Good Dad, Bad Dad

I would fall on the side of not having/needing a car Freshman year. They don't need it if they live on campus, parking passes/stickers are $300+ and many times its hard to find a spot. His son will be living at home and taking a bus to school if he doesn't have a car. Thanks PJ i missed that. I cha...
by soccerrules
Thu Apr 19, 2018 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Good Dad, Bad Dad [pay for son's driving expenses (or not)]
Replies: 49
Views: 3473

Re: Good Dad, Bad Dad

I would fall on the side of not having/needing a car Freshman year. They don't need it if they live on campus, parking passes/stickers are $300+ and many times its hard to find a spot. If they find one, they may opt to leave it parked for fear of not getting a spot later, so then it sits there. Ther...
by soccerrules
Thu Apr 19, 2018 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Good Dad, Bad Dad [pay for son's driving expenses (or not)]
Replies: 49
Views: 3473

Re: Good Dad, Bad Dad

no right answer here. It is what you feel is best for your son and family. Our 3 kids got their licenses the minute they turned 16. We also covered the insurance as part of our family policy. We have provided them with older model cars for them to drive with several being hand-me-downs. They are typ...
by soccerrules
Thu Apr 19, 2018 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: IRA rollover to 401k question
Replies: 13
Views: 643

Re: IRA rollover to 401k question

If you filed a form 8606 AND your new plan accepts rollovers, you are correct. Roll the deductible portion into the plan and convert the non-deductible basis portion into a rIRA (Your basis on line 14 of your most recent 8606, assumming you have filed them all). Double check all of the rules around...
by soccerrules
Thu Apr 19, 2018 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: IRA rollover to 401k question
Replies: 13
Views: 643

Re: IRA rollover to 401k question

If you filed a form 8606 AND your new plan accepts rollovers, you are correct. Roll the deductible portion into the plan and convert the non-deductible basis portion into a rIRA (Your basis on line 14 of your most recent 8606, assumming you have filed them all). Double check all of the rules around...
by soccerrules
Thu Apr 19, 2018 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: IRA rollover to 401k question
Replies: 13
Views: 643

Re: IRA rollover to 401k question

blank post fix
by soccerrules
Thu Apr 19, 2018 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: IRA rollover to 401k question
Replies: 13
Views: 643

Re: IRA rollover to 401k question

if there is a nondeductible contribution you can roll that portion over to a rIRA. you need to separate it from the deductible portions however to move it to the 401k. I think this is going back 15-20 years ago where we contributed $2000 (his and hers) and claimed a deduction and where not eligible...
by soccerrules
Thu Apr 19, 2018 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: IRA rollover to 401k question
Replies: 13
Views: 643

IRA rollover to 401k question

I am considering rolling over my IRA to my current 401K to open up the option to do backdoor Roths. I think my FA lumped all IRA contributions and 401k roll overs together into one IRA a number of years ago. I get the Deductible IRA contributions and 401K rollovers are similarly treated as "tax-defe...
by soccerrules
Thu Apr 19, 2018 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Estimating Future College Costs
Replies: 18
Views: 1273

Re: Estimating Future College Costs

You are at least thinking about implementing a plan. That is Important. I think you do the best you can and then in 10 years you re-evaluate where you are in your savings efforts and re-adjust. I am in 6 years into funding 12 years of college- 8 of which has been/will be private and suspect the fina...
by soccerrules
Wed Apr 18, 2018 4:53 pm
Forum: Investing - Help with Personal Investments
Topic: 1 Year a Boglehead - Check-In/Up
Replies: 13
Views: 1099

Re: 1 Year a Boglehead - Check-In/Up

2) Thought of rolling IRA's into 401k/403B = my question is with 7-8 years left -- if it really worth it ? With the conversions after 60/61 with no income-- I assume the benefit is converting tIRA to rIRA in the lowest tax bracket. But I would need other funds to live off of and leave rIRA to grow,...
by soccerrules
Wed Apr 18, 2018 4:43 pm
Forum: Investing - Help with Personal Investments
Topic: 1 Year a Boglehead - Check-In/Up
Replies: 13
Views: 1099

Re: 1 Year a Boglehead - Check-In/Up

You may want to run the numbers on SS. "SS His - I'll project $3,000/mo at 67 (wait until 70 @ $3500)* SS Hers - $ 1500 spousal benefit of his. (did not work enough to beat $1500/mo ) " I think that you can file and suspend (until 70) at your FRA (67) while allowing you wife to file for hers (and s...
by soccerrules
Wed Apr 18, 2018 3:45 pm
Forum: Investing - Help with Personal Investments
Topic: 1 Year a Boglehead - Check-In/Up
Replies: 13
Views: 1099

Re: 1 Year a Boglehead - Check-In/Up

2) Thought of rolling IRA's into 401k/403B = my question is with 7-8 years left -- if it really worth it ? With the conversions after 60/61 with no income-- I assume the benefit is converting tIRA to rIRA in the lowest tax bracket. But I would need other funds to live off of and leave rIRA to grow,...
by soccerrules
Wed Apr 18, 2018 2:24 pm
Forum: Personal Consumer Issues
Topic: How do you know what price to negotiate when buying a used car?
Replies: 28
Views: 1570

Re: How do you know what price to negotiate when buying a used car?

delamer wrote:
Wed Apr 18, 2018 1:50 pm
Edmunds.com is a good source of information.

I use it plus kbb.com.
This + Cars.com.
by soccerrules
Wed Apr 18, 2018 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: 1 Year a Boglehead - Check-In/Up
Replies: 13
Views: 1099

Re: 1 Year a Boglehead - Check-In/Up

Does your 100k factor in the $1500/mo mortgage payment that will be done before retiring? That's about $18,000 a year - taxes and insurance will remain and comprise, say, 1/3 of that? So you may only need more like 88k, not 100k/yr. Okin-- thanks I have accounted for not having a mortgage in retire...
by soccerrules
Wed Apr 18, 2018 1:19 pm
Forum: Investing - Help with Personal Investments
Topic: 1 Year a Boglehead - Check-In/Up
Replies: 13
Views: 1099

Re: 1 Year a Boglehead - Check-In/Up

I'll take a stab. 1) If you have $985k of retirement funds and expect to add $45k per year for the next 7 years, you would need an average growth rate of ~ 7% to reach $2M. It could happen, but given that we are coming off a long bull market and the pundits are predicting lower returns going forwar...
by soccerrules
Wed Apr 18, 2018 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: 1 Year a Boglehead - Check-In/Up
Replies: 13
Views: 1099

Re: 1 Year a Boglehead - Check-In/Up

It looks like you are well on your way! I plugged some basic numbers into CFireSim and based solely on your $985k nest egg, $55k of SS at age 70, and eight more years of contribution at $40.9k per year (inflation adjusted) you are on track to have a nest egg of $2M in 2026. If you spend $97k per an...
by soccerrules
Wed Apr 18, 2018 11:28 am
Forum: Investing - Help with Personal Investments
Topic: what to do with a windfall$$$
Replies: 7
Views: 1015

Re: what to do with a windfall$$$

Hi, new to the forum but heard good things about the users knowledge of the subject matter. Id like to get advice on what you guys would do in my particular situation. 47 and married, family of 3, will be 4 next week! have combined income around 210k. max out my 401k every year for the last 18. no ...
by soccerrules
Wed Apr 18, 2018 11:18 am
Forum: Investing - Help with Personal Investments
Topic: 1 Year a Boglehead - Check-In/Up
Replies: 13
Views: 1099

1 Year a Boglehead - Check-In/Up

So almost 12 months ago we separated from a FA and started to move toward a DIY- BH investment strategy. We sold all of the high ER funds in 2017 and early 2018 and are transitioning to a 3 fund portfolio. I have learned a lot because of this forum and appreciate everyone's collective wisdom. Here i...
by soccerrules
Wed Apr 18, 2018 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Quitting job - what to do if getting walked to the door
Replies: 106
Views: 10878

Re: Quitting job - what to do if getting walked to the door

DH has had a job offer and plans to give two weeks notice (probably today once he gets formal offer letter). However, he is going to work for a direct competitor to his present employer. He was advised by the person conducting his job interview that under these circumstances there is a strong likel...
by soccerrules
Wed Apr 18, 2018 8:17 am
Forum: Personal Finance (Not Investing)
Topic: Quitting job - what to do if getting walked to the door
Replies: 106
Views: 10878

Re: Quitting job - what to do if getting walked to the door

DH has had a job offer and plans to give two weeks notice (probably today once he gets formal offer letter). However, he is going to work for a direct competitor to his present employer. He was advised by the person conducting his job interview that under these circumstances there is a strong likel...
by soccerrules
Tue Apr 17, 2018 2:01 pm
Forum: Investing - Help with Personal Investments
Topic: Self storage facilities
Replies: 2
Views: 386

Re: Self storage facilities

I don't specifically but did visit with a couple of guys about this 10-15 years ago ( coin operated car wash stalls, self storage)- the ROI was not favorable back then, so I dropped the idea.
by soccerrules
Tue Apr 17, 2018 12:48 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement - On the fence, need sanity check
Replies: 53
Views: 8763

Re: Early Retirement - On the fence, need sanity check

I retire this year at the same age from the Federal Govt and your retirement scenario is almost identical to mine. It appears your social security supplements ends at 62 The CD and TSP add up to 710K and you need 75K a year. here is what I would do Age 56 to 62 54K pension + 21K = 75k ( withdraw 3%...
by soccerrules
Tue Apr 17, 2018 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Overall Help w/ Budget
Replies: 15
Views: 1403

Re: Overall Help w/ Budget

short answer. Get serious about reducing your expenses as much as possible until it hurts. Throw everything at your student loan debt (ext $, summer school, bonuses). You don't want to be mid-50's paying off student loan debt-- at the same time your kids head off to college. Once you have knocked ou...
by soccerrules
Fri Apr 13, 2018 4:26 pm
Forum: Personal Consumer Issues
Topic: Best Leather Checkbook
Replies: 15
Views: 812

Re: Best Leather Checkbook

I was going to recommend Coach but they don't even sell a simple checkbook cover these days. If I had to buy one I would probably look on Amazon and make sure I could return it. I was going to say Coach as well. You might check some of the luggage places in the malls or big department stores probab...
by soccerrules
Fri Apr 13, 2018 4:23 pm
Forum: Personal Consumer Issues
Topic: Fender bender in parking lot, he said she said. What's the effect on my going to be?
Replies: 17
Views: 1377

Re: Fender bender in parking lot, he said she said. What's the effect on my going to be?

More than likely your insurance handles your claim and his insurance handles his. Unless there is video proof to show 1 driver at fault. In your case I would call my insurance and report the event and the details. I would NOT file a claim unless you want to spend the money and more than likely have ...
by soccerrules
Fri Apr 13, 2018 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Could you support family on 1 income?
Replies: 88
Views: 5675

Re: Could you support family on 1 income?

We waited 5 years to start having kids and planned to live on 1 income prior to spouse staying home with 1st born. Saved as much of the 2nd income as possible leading up to 1st retirement. 1 income for 15 years when the kids were littler. The spouse went back to work 20 hours a week / flex schedule ...
by soccerrules
Fri Apr 13, 2018 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Appropriate to ask co-worker when retiring?
Replies: 35
Views: 2284

Re: Appropriate to ask co-worker when retiring?

i think you can do it under the right circumstances. if there is a company wide gathering and an opportunity to "mingle". Make small talk and then transition into. How long have you been with the Company ? Same role ? -blah blah blah. Still enjoying the work ? Are you looking for the exit ramp after...
by soccerrules
Fri Apr 13, 2018 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Will I catch up saving for retirement?
Replies: 54
Views: 4486

Re: Will I catch up saving for retirement?

gotester2000 wrote:
Fri Apr 13, 2018 12:50 am
A lot of bogleheads would like to be in your position at 34.
Amen! and I'd like to be 34 for again (i think) :shock:
by soccerrules
Thu Apr 12, 2018 10:39 am
Forum: Investing - Help with Personal Investments
Topic: Early Retirement - On the fence, need sanity check
Replies: 53
Views: 8763

Re: Early Retirement - On the fence, need sanity check

I retire this year at the same age from the Federal Govt and your retirement scenario is almost identical to mine. It appears your social security supplements ends at 62 The CD and TSP add up to 710K and you need 75K a year. here is what I would do Age 56 to 62 54K pension + 21K = 75k ( withdraw 3%...
by soccerrules
Wed Apr 11, 2018 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Am I being unreasonable? [Send daughter to private kindergarten]
Replies: 70
Views: 3966

Re: Am I being unreasonable?

No to $20K private kindergarten. It appears you guys are involved parents and will be active in your kids learning at home. I see no real benefit to sending your child to a private school at that cost at that age. full disclosure. We sent one of our 3 kids to private school starting in middle school...
by soccerrules
Fri Apr 06, 2018 2:47 pm
Forum: Investing - Help with Personal Investments
Topic: Help needed - Getting serious w/finances
Replies: 17
Views: 1584

Re: Help needed - Getting serious w/finances

Ill answer your questions and then maybe give a few other suggestions 1) You can roll your 401K over to your current 401K, if your new plan will allow it. You could leave it with past employer or roll over to an IRA. Others will probably comment on the funds themselves. If you are able to roll old 4...
by soccerrules
Fri Apr 06, 2018 11:52 am
Forum: Personal Finance (Not Investing)
Topic: What type of loan? [until funds received from estate settlement]
Replies: 16
Views: 1155

Re: What type of loan?

Jet-
Sorry about your loss.
I would use my EF for something short term in nature.
Smitcat has good suggestions as well.

The "I need $5000 to hold me off" statement has me worried about your greater overall financial picture.
by soccerrules
Fri Apr 06, 2018 11:26 am
Forum: Forum Issues and Administration
Topic: New Board Index Topic - Retirement Planning
Replies: 51
Views: 6624

Re: More Attention To Retirees' Portfolios

Start a thread. Ask a specific question. Make your retiree portfolio part of the discussion. No one sets a policy about who can ask what. But BH is continually attracting new members so there will always be a lot of "newbie" questions by definition. +1 It is also useful for those in the accumulatio...
by soccerrules
Fri Apr 06, 2018 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Your Monthly Cost of Living
Replies: 66
Views: 6812

Re: Your Monthly Cost of Living

these threads always seem to flow to a feel of ..... "my costs are lower than yours" . Texas - 2 adults, 1 HS kid at home, 1 kid at univ. 1. Housing: $3035 (mortgage 1510, prop tax 800, Insurance 225,Utilities 500) 2. Transportation: @500 (Insurance -4 cars, Gas, registration/repairs, tolls, no loan...
by soccerrules
Wed Apr 04, 2018 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Am I Crazy to Consider Relocating 5 Months after Buying a House?
Replies: 28
Views: 3042

Re: Am I Crazy to Consider Relocating 5 Months after Buying a House?

Seems like a great opportunity, you are not crazy. I personally would not keep the house and rent it on the off chance that you might move back. I personally would not want to own a house in another state. Plus your company is pretty much going to take it off your hands if it doesn't sell. Agree wit...
by soccerrules
Wed Apr 04, 2018 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on approach to student loans
Replies: 16
Views: 949

Re: Thoughts on approach to student loans

All fair questions, emergency fund is solid. I have over 125k in the market and 200k or so in retirement accounts. Loans are around 6-7% interest, 12-15% effective tax rate oh yea pay them off now with your windfall. Avoid future debt other than maybe mortgage , save as much as you can. The emotion...
by soccerrules
Wed Apr 04, 2018 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Laid Off/Termination/Downsizing survival strategies...
Replies: 53
Views: 5386

Re: Laid Off/Termination/Downsizing survival strategies...

sorry to hear about the job loss. It is and can be an emotional jolt. First - Relax and take a deep breath. The reality is that you appear to be in a really good position financially. Also why you built an EF, right ? I am 3-4 years younger than you but in a similar spot (low 7 fig nest egg, $90K mo...
by soccerrules
Wed Apr 04, 2018 10:22 am
Forum: Personal Finance (Not Investing)
Topic: medical appointments and start of new employer insurance
Replies: 14
Views: 663

Re: medical appointments and start of new employer insurance

Yes, I understand about being covered. But I am concerned with actually being in the new insurer's system soon enough as to be able to even print an ID card on May 1. The radiologist and the primary care will want all those details such as ID number, group number, etc. Anyone actually have experien...
by soccerrules
Wed Apr 04, 2018 10:12 am
Forum: Personal Finance (Not Investing)
Topic: medical appointments and start of new employer insurance
Replies: 14
Views: 663

Re: medical appointments and start of new employer insurance

am I missing something ? You go to the appointments -- they are either covered under ACA or your new employer depending on your eligibility/enrollment date at your new job ? If you receive benefits on "day 1" - then you have benefits. Your HR department can give you the info you need for the doctor ...
by soccerrules
Wed Apr 04, 2018 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Thoughts on Disability Insurance
Replies: 11
Views: 665

Re: Thoughts on Disability Insurance

FWIW I have never bought a disability policy for me nor my wife, (52/50). The companies that I have worked for offered employer paid LT Disability as part of Benefits, to the tune of 60% - 80% of Salary or Income to a max of X/month. I figured my EF/cash could cover the 90 day waiting period until t...
by soccerrules
Wed Apr 04, 2018 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Suggestions for a good calculator for figuing out how much life insurance
Replies: 8
Views: 364

Re: Suggestions for a good calculator for figuing out how much life insurance

Calico- I replied to your post on qualification and differences in quotes. Now having more context to your situation- it seems like $250K is sufficient if you are really insuring the next 4-8 years for your daughter to be out of HS and then college, perhaps. One thing to consider. You might look at ...
by soccerrules
Wed Apr 04, 2018 8:54 am
Forum: Personal Finance (Not Investing)
Topic: Why are some term life insurance quotes so different in price?
Replies: 6
Views: 584

Re: Why are some term life insurance quotes so different in price?

calico- I just changed my insurance about 5 months ago and went through the process/ medical exam/ blood etc. I was told that there are something like 12-14 different rating levels based on age, height/weight proportions, smoker/non, work (stress), activities, family history, blood work, vitals etc ...