Search found 309 matches

by rashad3000
Sat Feb 06, 2021 10:30 pm
Forum: Personal Investments
Topic: Game Plan for part time commission
Replies: 0
Views: 154

Game Plan for part time commission

Long story short: I’m an educator and I make around $100,000/yr. My wife is an educator and she makes around $62,000/yr. Last year, I made around $32,000 as a realtor. This year, I’m on track to make around $50-60,000. We currently contribute around $1100/mo to our pension plans. We also contribute ...
by rashad3000
Fri Jan 22, 2021 1:50 pm
Forum: Personal Investments
Topic: Best Fund to Escrow 2022 Roth Money
Replies: 7
Views: 452

Re: Best Fund to Escrow 2022 Roth Money

Thank you all!
by rashad3000
Thu Jan 21, 2021 3:52 pm
Forum: Personal Investments
Topic: Best Fund to Escrow 2022 Roth Money
Replies: 7
Views: 452

Re: Best Fund to Escrow 2022 Roth Money

Great information!
by rashad3000
Thu Jan 21, 2021 3:20 pm
Forum: Personal Investments
Topic: Best Fund to Escrow 2022 Roth Money
Replies: 7
Views: 452

Best Fund to Escrow 2022 Roth Money

This year, we threw $12,000 into our Roth IRAs on January 1. We put everything into VTSAX. We are saving $1000/mo from now until December to fund our 2022 Roths. Normally, I just put this in the Vanguard Money Market Federal Fund. I had an interesting dialogue with someone yesterday. He said that it...
by rashad3000
Wed Nov 25, 2020 6:00 pm
Forum: Personal Investments
Topic: Mortgage Payoff goes against every fiber of my being
Replies: 72
Views: 7773

Re: Mortgage Payoff goes against every fiber of my being

I’m curious, where do you think the country will be in the coming years? What is driving this “grave concern”? What makes things worse now than they have ever been in the past 20, 50, 100 years?
by rashad3000
Wed Nov 25, 2020 12:57 am
Forum: Personal Investments
Topic: What do you think about this allocation?
Replies: 13
Views: 873

Re: What do you think about this allocation?

Consider setting up a Solo 401k plan instead of SEP, the effort involved in setting up either is almost the same, but the Solo 401k plan can give you breathing room to make Backdoor Roth contributions if necessary. You are close to the phase out limits to make direct Roth contributions, based on yo...
by rashad3000
Mon Nov 23, 2020 2:08 pm
Forum: Personal Investments
Topic: What do you think about this allocation?
Replies: 13
Views: 873

Re: What do you think about this allocation?

Consider setting up a Solo 401k plan instead of SEP, the effort involved in setting up either is almost the same, but the Solo 401k plan can give you breathing room to make Backdoor Roth contributions if necessary. You are close to the phase out limits to make direct Roth contributions, based on yo...
by rashad3000
Mon Nov 23, 2020 2:02 pm
Forum: Personal Investments
Topic: What do you think about this allocation?
Replies: 13
Views: 873

Re: What do you think about this allocation?

Thank you all for your feedback. I just decided to go with the 100% VTSAX. I’m very comfortable with this.
by rashad3000
Mon Nov 23, 2020 9:42 am
Forum: Personal Investments
Topic: What do you think about this allocation?
Replies: 13
Views: 873

What do you think about this allocation?

Good morning. I’m 40 and my wife is 38. We have 3 kids: 14, 9, 8. Our only debt is our mortgage in which we owe $133,000 on a home worth $290,000-300,000 (9 1/2 years left on a 15). Our plan is to retire in December 2033, when I will be able to collect my full pension from the Texas Teacher Retireme...
by rashad3000
Mon Mar 02, 2020 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Plan for Realtor Income
Replies: 2
Views: 390

Re: Retirement Plan for Realtor Income

I am looking at doing the following: - $3880 (20%) contribution to my recently opened Vanguard SEP IRA for 2019 (Solo401(k) does not allow for 2019 contribution) - 100% of all Realtor income (up to $19,000) into a Solo 401(k) with Vanguard, moving forward If you max your 403b you cannot contribute ...
by rashad3000
Mon Mar 02, 2020 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Plan for Realtor Income
Replies: 2
Views: 390

Retirement Plan for Realtor Income

Good afternoon. My wife and I both max out our Roth IRAs at $6000 each and our 403(b)'s at $19,500 each. We also max out our HSA. We are still trying to figure out ways to minimize our current taxes. Last year, I made $19,400 as a part time Realtor. I am looking at doing the following: - $3880 (20%)...
by rashad3000
Sat Dec 28, 2019 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Dealership shenanigans
Replies: 25
Views: 3217

Re: Dealership shenanigans

livesoft wrote: Sat Dec 28, 2019 1:15 pm Did you have to ask them to fill up the tank or they just did it? I suspect they just did it. Car dealerships want to make a good impression and have you come back for service and future cars.
I asked the salesman and he said that’s no problem at all. I asked him to check the alignment too.
by rashad3000
Sat Dec 28, 2019 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Dealership shenanigans
Replies: 25
Views: 3217

Re: Dealership shenanigans

I never take extended warranties or dealer financing, but they always push those any way. I have tried unsuccessfully to get the closing process sped up. I am interested how others may have been successful doing that. After the first one or two pitches, I tell the F+I person (politely) that I will ...
by rashad3000
Sat Dec 28, 2019 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Dealership shenanigans
Replies: 25
Views: 3217

Re: Dealership shenanigans

We are at the dealership right now. It was a really simple signature issue. We signed and are waiting in the waiting room. They are filling up the tank and looking at an alignment issue. I asked the finance lady what if we didn’t sign. She said that we didn’t have a contract. I could have basically ...
by rashad3000
Fri Dec 27, 2019 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Dealership shenanigans
Replies: 25
Views: 3217

Dealership shenanigans

Two weeks ago, we bought a 2016 Odyssey. We drove it from DFW to Atlanta over the holidays. Earlier this week, we had a finance manager call and tell us that he needed us to come back and re-sign the contract because our signatures currently are not lined up in the right place. He said that was it. ...
by rashad3000
Thu Dec 19, 2019 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: My first investment property purchase
Replies: 27
Views: 3177

Re: My first investment property purchase

Thanks for the replies. lol I'll post an update to this thread once everything is finalized. Good luck with you first flip. Your original post comes off as one with a lot of hope and certainty of the money, you'll be pocketing but you're missing quite few things though in your evaluation. Fortunate...
by rashad3000
Tue Dec 10, 2019 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: My first investment property purchase
Replies: 27
Views: 3177

Re: My first investment property purchase

Thanks for the replies. lol

I'll post an update to this thread once everything is finalized.
by rashad3000
Mon Dec 09, 2019 9:47 am
Forum: Personal Finance (Not Investing)
Topic: My first investment property purchase
Replies: 27
Views: 3177

My first investment property purchase

Well, let me tell you about my first investment purchase. We were thinking of upgrading our 2003 Pilot to a 2019 Sedona that was $21,000. Instead, we decided to buy an investment property to flip. Took $5000 from savings and put it down on this property. Beat out the other investor who showed up bef...
by rashad3000
Fri Nov 15, 2019 10:03 am
Forum: Personal Consumer Issues
Topic: Timeshare offer experience
Replies: 103
Views: 11960

Re: Timeshare offer experience

We use AirBNB 100% of the time now.
by rashad3000
Thu Oct 31, 2019 12:18 pm
Forum: Personal Consumer Issues
Topic: Timeshare offer experience
Replies: 103
Views: 11960

Re: Timeshare offer experience

Interesting! We just booked an all-inclusive trip through BookVip to Cabo for $599. We have to sit through one of these awful presentations. In 2015, for our 10th anniversary, we went to Westgate in Las Vegas, booked through Hotwire. When we got there, we were invited to a presentation for free brea...
by rashad3000
Tue Oct 01, 2019 9:17 am
Forum: Personal Finance (Not Investing)
Topic: UTMA accounts
Replies: 101
Views: 8532

Re: UTMA accounts

Question:

What if you simply don't tell your kids about these accounts until they turn 25?
by rashad3000
Tue Oct 01, 2019 8:53 am
Forum: Personal Finance (Not Investing)
Topic: need advice negotiating with car maker for problems with new car
Replies: 30
Views: 1773

Re: need advice negotiating with car maker for problems with new car

That's it? The seat trim? No mechanical/reliability issues? Take the new car. Mazda 3s are great. Sounds like you got a bad one. Chance of getting two bad ones is much less. +1 +2 +3, this option is one that is usually never offered, especially for a non critical/safety situation. Its a no brainer....
by rashad3000
Fri Sep 27, 2019 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Do I Need a Real Estate Agent if Building a Home?
Replies: 14
Views: 1972

Re: Do I Need a Real Estate Agent if Building a Home?

I am a part-time Realtor. The builders have Realtor's commission built into the budget of a home. I have never seen the builder offer a discount or anything like that because you choose not to utilize a Realtor. They will just keep that money themselves. I have had clients try to do this and it is ...
by rashad3000
Tue Sep 17, 2019 7:44 am
Forum: Personal Finance (Not Investing)
Topic: Best place to park commission
Replies: 3
Views: 591

Re: Best place to park commission

Thank you for this information!
by rashad3000
Mon Sep 16, 2019 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Best place to park commission
Replies: 3
Views: 591

Best place to park commission

Good morning. My wife and I currently max out or Roth IRAs and our 403(b) accounts. We are educators. I am looking for a place to shelter my real estate commission. I was told that I can open a self-employed 401(k). I created an EIN number and called Fidelity about the self-employed 401(k). However,...
by rashad3000
Mon Sep 16, 2019 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Do I Need a Real Estate Agent if Building a Home?
Replies: 14
Views: 1972

Re: Do I Need a Real Estate Agent if Building a Home?

I am a part-time Realtor. The builders have Realtor's commission built into the budget of a home. I have never seen the builder offer a discount or anything like that because you choose not to utilize a Realtor. They will just keep that money themselves. I have had clients try to do this and it is a...
by rashad3000
Sun Sep 15, 2019 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Move up in house?
Replies: 25
Views: 3134

Re: Move up in house?

I'm curious. This is a site full of strangers. People share their numbers all the time because it's a financial site. Why would someone feel uncomfortable sharing numbers? It's not like it's Facebook.
by rashad3000
Sun Sep 15, 2019 10:16 am
Forum: Personal Investments
Topic: What’s the best way to respond?
Replies: 14
Views: 1987

What’s the best way to respond?

I received the text message below from a friend. They are both around 60. I would say do a rollover into a Retirement 2025 fund or something like that with Vanguard. What are your thoughts, sophisticated Bogleheads? “Hey money man! Got a question for you. What is your opinion of a IRA versus an annu...
by rashad3000
Mon Sep 09, 2019 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Lending to friend to India
Replies: 54
Views: 4339

Re: Lending to friend to India

Jack FFR1846 wrote: Mon Sep 09, 2019 12:24 pm You're very nice to be giving a gift so large to your friend.
Indeed.
by rashad3000
Sun Sep 01, 2019 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Paying for doctoral program
Replies: 13
Views: 1108

Re: Paying for doctoral program

What are the job opportunities with this degree? As someone in academia, I caution anybody who are entering a doctoral program with the following: Do not do it if you cannot get financial support (unless you are in business, engineering or other disciplines that are in high demand on the job market...
by rashad3000
Sun Sep 01, 2019 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Paying for doctoral program
Replies: 13
Views: 1108

Re: Paying for doctoral program

What are the job opportunities with this degree? As someone in academia, I caution anybody who are entering a doctoral program with the following: Do not do it if you cannot get financial support (unless you are in business, engineering or other disciplines that are in high demand on the job market...
by rashad3000
Sun Sep 01, 2019 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Paying for doctoral program
Replies: 13
Views: 1108

Re: Paying for doctoral program

What are the job opportunities with this degree? As someone in academia, I caution anybody who are entering a doctoral program with the following: Do not do it if you cannot get financial support (unless you are in business, engineering or other disciplines that are in high demand on the job market...
by rashad3000
Sun Sep 01, 2019 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Paying for doctoral program
Replies: 13
Views: 1108

Paying for doctoral program

Starting in spring 2020, I will be attending an Ed.D program. It is 3 years and will cost me around $25,000. Should I just set aside around $750 in a 529 each month, then use a CC with cash back to pay for each class, then use the 529 pay off the CC? Does it even make sense to use a 529 for current ...
by rashad3000
Mon Aug 26, 2019 11:09 am
Forum: Personal Finance (Not Investing)
Topic: How to help an employee who is in debt and requesting a loan
Replies: 110
Views: 9193

Re: How to help an employee who is in debt and requesting a loan

Maybe I missed it, but has this family looked at chapter 7 bankruptcy? At least that would give them a fresh start.
by rashad3000
Mon Aug 26, 2019 10:41 am
Forum: Personal Finance (Not Investing)
Topic: What do you think about this $4M house idea?
Replies: 103
Views: 8484

Re: What do you think about this $4M house idea?

Makes me appreciate my $215,000 home!
by rashad3000
Thu Aug 22, 2019 1:17 pm
Forum: Personal Investments
Topic: $1M cash: how to invest
Replies: 40
Views: 4071

Re: $1M cash: how to invest

If I received any money I didn't earn, I would pay off my mortgage and put the rest into index funds.

Congrats on this windfall.
by rashad3000
Wed Aug 21, 2019 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Does it matter what type of college one goes to?
Replies: 278
Views: 29106

Re: Does it matter what type of college one goes to?

Interesting thread. As a school principal, I must say that your degree has absolutely ZERO to do with your success in education. You are either a teacher or you aren't. When I am hiring someone, I only care about their philosophy of educating children and whether or not they have the necessary cert...
by rashad3000
Wed Aug 21, 2019 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Does it matter what type of college one goes to?
Replies: 278
Views: 29106

Re: Does it matter what type of college one goes to?

Interesting thread. As a school principal, I must say that your degree has absolutely ZERO to do with your success in education. You are either a teacher or you aren't. When I am hiring someone, I only care about their philosophy of educating children and whether or not they have the necessary certi...
by rashad3000
Wed Jul 24, 2019 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: DCU digital credit union Massachusetts
Replies: 39
Views: 3264

Re: DCU digital credit union Massachusetts

Actually, scratch that last one ... sorry The 6.17% is available only on Primary Savings account, and only one primary savings per person allowed according to their terms. I do have a His, Hers and Our accounts at DCU but the joint account is not earning the 6.17%. With the UTMA accounts yes, you d...
by rashad3000
Tue Jul 23, 2019 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: DCU digital credit union Massachusetts
Replies: 39
Views: 3264

Re: DCU digital credit union Massachusetts

Not quite 33 years, but I have been with them since 1998. +1 to everything that JackFFR said. I sheltered $1000 each in my name, my wife's name, each of my two kids' names and a separate "joint" account with my wife ... so $5000 earning 6.17% interest per year. Transfers between DCU and e...
by rashad3000
Sat Jul 20, 2019 6:48 am
Forum: Investing - Theory, News & General
Topic: Zero % down mortgages. Are we going to see 2008 again?
Replies: 27
Views: 3248

Re: Zero % down mortgages. Are we going to see 2008 again?

I had a zero down, zero closing cost, no PMI 15-year loan in 2015. It was $215,000. We now owe $155,000.
by rashad3000
Fri Jul 19, 2019 11:47 pm
Forum: Personal Finance (Not Investing)
Topic: What are the best credit cards for car rental coverage?
Replies: 6
Views: 779

Re: What are the best credit cards for car rental coverage?

Chase Sapphire Reserve or Preferred (primary CDW coverage) For international rentals, all cards that provide coverage are presumably primary because your personal car insurance won’t cover you. Be sure to consider country exclusions and liability coverage. Disclaimer: I have never had a need to use...
by rashad3000
Tue Jul 16, 2019 9:00 am
Forum: Personal Investments
Topic: Please review our investment selections
Replies: 6
Views: 570

Re: Please review our investment selections

Sandtrap wrote: Tue Jul 16, 2019 8:58 am You can edit your lst post with the pencil icon (upper right).
Into this format.
Asking Portfolio Questions
https://www.bogleheads.org/forum/viewt ... =1&t=6212

It will help the portfolio reviewers and garner high level responses.
OK, thank you for this. I'll be sure to fix it.
by rashad3000
Tue Jul 16, 2019 8:59 am
Forum: Personal Investments
Topic: Please review our investment selections
Replies: 6
Views: 570

Re: Please review our investment selections

sawhorse wrote: Mon Jul 15, 2019 8:55 pm Could you edit your post to income the fund names and not just the ticker symbols?
Done. Thanks!
by rashad3000
Tue Jul 16, 2019 8:55 am
Forum: Personal Investments
Topic: Please review our investment selections
Replies: 6
Views: 570

Re: Please review our investment selections

I currently have around $25,050 in my Roth IRA with Vanguard. It is all in VTSAX. I have around $6400 currently in my 403(b). It is in the VITLX. My wife has the exact same numbers. Moving forward, we are contributing $1000/mo into our 403(b) accounts. 90% will go towards VITLX and 10% towards VGSL...
by rashad3000
Mon Jul 15, 2019 2:45 pm
Forum: Personal Investments
Topic: Please review our investment selections
Replies: 6
Views: 570

Please review our investment selections

Husband: 39, $96,000/yr as Principal (plus $6000 - $30,000 commission/yr as Realtor) Wife: 37, $60,000/yr as Teacher I currently have around $68,000 in my state TRS (Adding around $600/mo). Projected retirement is June 2034 with approximately $5000-6000/mo in pension (today's dollars). My wife has a...
by rashad3000
Thu Jul 04, 2019 2:54 pm
Forum: Personal Investments
Topic: 100% in VTSAX
Replies: 15
Views: 2983

100% in VTSAX

Considering that this fund invests in so many stocks and is very diversified (in stocks), what's the worst that could happen from having 100% of your Roth IRA invested in it? I had the Retirement 2045 but I wanted to put more in stocks. I will not need to put from this money for 15-20 more years. BT...
by rashad3000
Wed Jun 05, 2019 6:22 pm
Forum: Personal Investments
Topic: Where to park Real Estate commission
Replies: 2
Views: 402

Where to park Real Estate commission

If my wife and I max out our Roth IRAs each year and our 403(b) accounts, what can I do with all of my real estate commission? I know to place some away for taxes, but I don't know what options I have for the rest. Is there a pre-tax shelter I can use? I have 3 deals closing soon that will bring in ...