Search found 1058 matches

by runner540
Wed Nov 13, 2019 9:25 am
Forum: Personal Investments
Topic: SIL retirement puzzle
Replies: 42
Views: 2578

Re: SIL retirement puzzle

Well dang, sorry for the confusion, I see I should have been clearer. Anyhow, I have a spreadsheet that models the withdrawals and, while the asset balance does fall for two years, once the pension begins, it starts to rise as income > expenses. I think the confusion is that you may be viewing this...
by runner540
Sat Nov 09, 2019 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: shocking hospital fee estimate
Replies: 45
Views: 3957

Re: shocking hospital fee estimate

3. Who cares what they bill? Not your problem. You bought insurance like you were supposed to. Totally disagree with this. 2 issues: - It is this very attitude why we pay so much for healthcare and there is ZERO price transparency. - If, for any reason whatsoever, insurance doesn't pay, patient wil...
by runner540
Sat Nov 09, 2019 10:39 am
Forum: Personal Consumer Issues
Topic: How bad business travel is?
Replies: 61
Views: 4657

Re: How bad business travel is?

Ask nicely about travel booking (do you do it? does an admin or travel group do it? how strict are the policies?) and try to get a sense for whether the meal and hotel allowances are reasonable for where you'll be traveling. Business travel is not fun if you have to pack your own PBJ and drink only ...
by runner540
Sat Nov 09, 2019 8:22 am
Forum: Personal Investments
Topic: Need Help To Plan
Replies: 7
Views: 543

Re: Need Help To Plan

Welcome. As LadyGeek suggested, please edit your post to include the format, then our feedback can be more helpful. (what state you live in, do you have any debt besides mortgage, etc.)
by runner540
Sat Nov 09, 2019 7:49 am
Forum: Personal Consumer Issues
Topic: Weddings - The good? The bad?
Replies: 47
Views: 4226

Re: Weddings - The good? The bad?

We just had a wedding for our daughter and it went almost perfectly. Daughter found the venue, the caterer, and the DJ online based on based on online reviews which there are plenty of. But then she had to interview everyone and do tastings with the caterer and meetings with the venue people so it ...
by runner540
Thu Nov 07, 2019 10:21 am
Forum: Personal Investments
Topic: Am I on right track?
Replies: 16
Views: 669

Re: Am I on right track?

Either attack the CC. Or put more into your 401k. Driving yourself into a lower tax bracket is a good thing, and not a reason to avoid the 401k. +1. There's no reason to keep debt at 5% or avoid the 401k. Your focus on the CC interest rate and not wanting go into a lower tax rate tells me you are f...
by runner540
Wed Nov 06, 2019 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Health Insurance - HSA during birth year?
Replies: 27
Views: 1057

Re: Health Insurance - HSA during birth year?

+1. Check the providers you want to use, and plan on hitting the OOP max. If you don't, that's great. So is that assumption regardless of the high deductible or standard plan? One thing I haven't been able to wrap my head around is whether on a standard plan with a low(er) deductible, your total co...
by runner540
Wed Nov 06, 2019 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Health Insurance - HSA during birth year?
Replies: 27
Views: 1057

Re: Health Insurance - HSA during birth year?

Congratulations! You will certainly hit your out of pocket max when your wife has the baby, so to compare plans, you'll want to add YOUR annual cost for the premium to the out of pocket max. For the HSA plan(s), deduct any employer contributions to the HSA as well as any tax savings on the HSA cont...
by runner540
Wed Nov 06, 2019 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Credit score vs down payment
Replies: 25
Views: 1503

Re: CREDIT SCORE VS DOWN PAYEMENT

Keeping it simple today folks! Which one is more important?? I'm 21 years old and the scenario would either be 630 credit score and 2500 down payment (on 10-12,000 laon) OR 690 credit score with 1500 down payment If it helps, this is for a used auto loan. I understand I don't have much to work with...
by runner540
Mon Nov 04, 2019 2:13 pm
Forum: Personal Consumer Issues
Topic: Paying a contractor in cash
Replies: 48
Views: 1594

Re: Paying a contractor in cash

Sorry, I should not have generalized. It's 7 payments of $9800 and three smaller payments to make up the remainder. It sounds like the contractor may be trying to avoid the 10,000 threshold on the deposit side. +1 very weird and I would decline the discount and pay by check. Its interesting...most ...
by runner540
Mon Nov 04, 2019 1:58 pm
Forum: Personal Consumer Issues
Topic: Paying a contractor in cash
Replies: 48
Views: 1594

Re: Paying a contractor in cash

Sorry, I should not have generalized. It's 7 payments of $9800 and three smaller payments to make up the remainder. It sounds like the contractor may be trying to avoid the 10,000 threshold on the deposit side. +1 very weird and I would decline the discount and pay by check. So here's the specific ...
by runner540
Mon Nov 04, 2019 1:49 pm
Forum: Personal Consumer Issues
Topic: Paying a contractor in cash
Replies: 48
Views: 1594

Re: Paying a contractor in cash

Makefile wrote:
Mon Nov 04, 2019 1:46 pm
gophermobile wrote:
Mon Nov 04, 2019 1:45 pm
Sorry, I should not have generalized. It's 7 payments of $9800 and three smaller payments to make up the remainder.
It sounds like the contractor may be trying to avoid the 10,000 threshold on the deposit side.
+1 very weird and I would decline the discount and pay by check.
by runner540
Mon Nov 04, 2019 1:31 pm
Forum: Personal Consumer Issues
Topic: Paying a contractor in cash
Replies: 48
Views: 1594

Re: Paying a contractor in cash

Keep in mind you'll want a clear record of the work being paid for for your cost basis and to show future buyers.
I understand a discount for cash or check vs credit card, but for cash vs check seems sketchy.
by runner540
Mon Nov 04, 2019 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: BigLaw Junior - Portfolio Review and General Investing Strategy
Replies: 9
Views: 892

Re: BigLaw Junior - Portfolio Review and General Investing Strategy

Congrats on such a strong start to your financial lives with high compensation and no debt. There is no need for an advisor - you can learn what you need to here, and implement it with minimal ongoing time investment. For 2 W-2 employees, there's no special structuring that you can/should do or need...
by runner540
Sun Nov 03, 2019 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: How far can/should I go leveraging on rental properties?
Replies: 21
Views: 1752

Re: How far can/should I go leveraging on rental properties?

Am I calculating my overall leverage ratio correctly here? 2400 mortgage + 900 debt = 3300/mo payments GROSS: 3.7k rental income after 8% vacancy + 2.6k employment after retirement contr.= 6.3k/mo = 52%? Or should it be net after taxes and all business expenses? No. Leverage is expressed as % of th...
by runner540
Sun Nov 03, 2019 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Is it possible to revise FSA dependent care claims?
Replies: 5
Views: 286

Re: Is it possible to revise FSA dependent care claims?

Are you sure that March 2020 is the deadline for incurring the expenses? I usually see that as the deadline for submitting and claiming the expenses from the previous year.
You and your wife have a $5k combined annual limit for this so did you not incur that already in 2019?
by runner540
Sun Nov 03, 2019 10:59 am
Forum: Personal Consumer Issues
Topic: Where to get good women’s suits?
Replies: 7
Views: 743

Re: Where to get good women’s suits?

Here you go: https://corporette.com/category/fashion/suits/ Most women's suiting is sold by separate pieces due to sizing. Find a tailor you like where you can take everything. Theory at Nordstrom: they will do the tailoring for you and you can get jacket/pants/skirt/dress that all match. Good luck.
by runner540
Sun Nov 03, 2019 8:48 am
Forum: Personal Investments
Topic: Risk thoughts
Replies: 4
Views: 638

Re: Risk thoughts

You want to retire at 60 with annual income of $80k. Your porrfolio is $950k with $30k added annually.
Your have $31k already covered from "cash in a benefit". Is this inflation adjusted?
At some age 62-70, How much will Social Security cover?
How much is left to cover from your portfolio?
by runner540
Sun Nov 03, 2019 8:36 am
Forum: Personal Investments
Topic: Updating retirement planning roth vs. traditional and FSA use with an unexpected surprise.
Replies: 14
Views: 831

Re: Updating retirement planning roth vs. traditional and FSA use with an unexpected surprise.

Congrats! The FSA is nice to save a little on taxes but you really need to have an emergency fund with the deductible and out-of-pocket max amounts. Plus start saving in a separate account for all the random pregnancy and baby stuff you will want/need that isn't covered by insurance. Very relevant t...
by runner540
Sun Nov 03, 2019 8:22 am
Forum: Personal Investments
Topic: At the halfway mark, need help with 2 big decisions
Replies: 30
Views: 3162

Re: At the halfway mark, need help with 2 big decisions

Take the new job. not 4 more years of being miserable. 35% bracket, single means you are making at least $240k gross, right? As a single person with no debt you have a ton of flexibility on expenses. Since you are already frugal, you can probably take a 50% pay cut and still save a lot. Your $80k re...
by runner540
Sat Nov 02, 2019 9:41 am
Forum: Personal Finance (Not Investing)
Topic: [Just got married] Looking for ways to cut down on my budget
Replies: 80
Views: 6403

Re: [Just got married] Looking for ways to cut down on my budget

This would be a huge change, but worth considering since the student loan is really weighing you both down and getting in the way of a baby: Sell the house and use the proceeds to pay off the student loan and rent a cheaper house or apartment. With the loan gone, maybe husband switches to part time ...
by runner540
Fri Nov 01, 2019 8:08 pm
Forum: Personal Investments
Topic: Do you consider pensions as part of your overall asset allocation?
Replies: 67
Views: 5045

Re: Do you consider pensions as part of your overall asset allocation?

No.

Consider them as future income streams that reduce what you will need from your portfolio, but they're not assets. You can't change them, sell them, or pass them on (except perhaps a spousal benefit).
by runner540
Fri Nov 01, 2019 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes on Bonus
Replies: 27
Views: 3044

Re: Taxes on Bonus

I believe the IRS requires employers to withhold them at a rate of 40% for income taxes. Someone correct me if i am wrong on that amount. There is nothing in Pub. 15 (Circular E) Employer's Tax Guide requiring that. For most people it will be a flat 22%. But if you are very high income: "If a suppl...
by runner540
Fri Nov 01, 2019 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: [Just got married] Looking for ways to cut down on my budget
Replies: 80
Views: 6403

Re: [Just got married] Looking for ways to cut down on my budget

I guess I was caught by surprise looking at our current budget because I was always saving a lot of money maxing out 401K, roth IRA, HSA, and I had just got a nice raise last year. When we got married, I thought we could live on my base income alone, and he could focus on paying off the student loa...
by runner540
Fri Nov 01, 2019 11:02 am
Forum: Personal Investments
Topic: New government worker investing sanity check
Replies: 15
Views: 1006

Re: New government worker investing sanity check

Reconsider your tolerance of non mortgage debt. Paying it down is a riskfree return. Your taxable investments would have to return ~5% before taxes to match the return and are not risk free. With a long enough time in investment, stock market returns 6-7% on average, right? So aren’t I better putti...
by runner540
Fri Nov 01, 2019 8:33 am
Forum: Personal Investments
Topic: New government worker investing sanity check
Replies: 15
Views: 1006

Re: New government worker investing sanity check

1. Learn about backdoor Roths. At the 24% bracket you may be over the income limit to contribute directly. Platform: Vanguard, Fidelity, etc 4. $3MM each is a lot of insurance - not sure if you will get approved. Stay flexible: you have a lot of big goals and life changes. Reconsider your tolerance ...
by runner540
Thu Oct 31, 2019 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: [Just got married] Looking for ways to cut down on my budget
Replies: 80
Views: 6403

Re: How do people live on an average household income of 60K? Looking for ways to cut down on my budget

If you use your bonus to pay off the HVAC loan, that would help your cash flow. Do you have an emergency fund? My guess is that your job ($150k salary + bonus) is the kind where you don't have a lot of free time. Can your husband take a second job to increase income? Or change jobs to get more incom...
by runner540
Thu Oct 31, 2019 4:56 pm
Forum: Personal Consumer Issues
Topic: Upright Piano, cross country move
Replies: 8
Views: 672

Re: Upright Piano, cross country move

The benefit of paying to move it instead of paying for a used one is, you know it's been taken care of. Call a piano moving company. Cross country might run $1000-1500 and you're subject to their timing to fill a truck.
by runner540
Thu Oct 31, 2019 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Taxes on Bonus
Replies: 27
Views: 3044

Re: Taxes on Bonus

There's nothing you can do to change the tax owed . Bonuses are taxed at your marginal rate like any other income. Your employer has no idea what your marginal tax rate is. Employers are required by the IRS to withhold 22% on bonuses <$1MM, so you need to check the math and be prepared to pay up the...
by runner540
Tue Oct 29, 2019 6:22 pm
Forum: Personal Consumer Issues
Topic: I want a pre-made, wholesome lunch delivered to me daily for under $15. Options?
Replies: 52
Views: 4685

Re: I want a pre-made, wholesome lunch delivered to me daily for under $15. Options?

Check with any small catering companies or culinary schools in the area. Salads come to mind as something you could do yourself. Snap Kitchen is a chain that offers these meals.
by runner540
Tue Oct 29, 2019 12:44 pm
Forum: Personal Consumer Issues
Topic: Women wearing black to a wedding?
Replies: 56
Views: 4363

Re: Women wearing black to a wedding?

Don't wear black to a wedding. It is very uncommon for women to wear to a wedding unless it's the bridesmaid color. In the US, black is worn for funerals. That's why it's poor taste to wear to a joyful occasion like a wedding.
by runner540
Tue Oct 29, 2019 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Tapping Retirement Savings to Purchase a House
Replies: 23
Views: 1793

Re: Tapping Retirement Savings to Purchase a House

You may not even hit the break-even point between renting and buying in 8-10 years. (Higher cost areas tend to take longer.) Doubt the trouble and risk of buying is worth it even without the added issue of pulling money from your retirement savings. https://www.nerdwallet.com/mortgages/rent-vs-buy-...
by runner540
Tue Oct 29, 2019 8:23 am
Forum: Personal Investments
Topic: Got Finances in Order, ready to begin investing?
Replies: 22
Views: 1604

Re: Got Finances in Order, ready to begin investing?

Agree that you need to reduce cars/car debt to get more traction. I just read your previous thread and I'm worried about your understanding of life insurance coverage. "Key Man" policies typically would pay the benefit to your company if you die, NOT to your family. Please clarify this and get term ...
by runner540
Tue Oct 29, 2019 7:35 am
Forum: Personal Finance (Not Investing)
Topic: Best option for transferring +/- 100k Euro to US$ account
Replies: 11
Views: 739

Re: Best option for transferring +/- 100k Euro to US$ account

Have you transferred large amounts between these same two accounts before? Hopefully both accounts are in your name. I would ask bankers at both institutions about how to do this, not only to minimize fees but to make sure the transfer goes through (not flagged or held up while they verify things). ...
by runner540
Mon Oct 28, 2019 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: Married 32 y/o , single income, finance strategy feedback
Replies: 5
Views: 967

Re: Married 32 y/o , single income, finance strategy feedback

Bumping up and will try to answer. First a couple questions: $8k/month take home after 401k, benefits and taxes, $1650 rent, no child care expenses or debt, living in GA. Where is the rest of your money going? Does $3200/month savings include 401k or is it out of the $8k take home? 1. FSMAX is mid a...
by runner540
Thu Oct 24, 2019 2:13 pm
Forum: Personal Investments
Topic: Sanity check on carrying emergency fund inside 401k (asset location)
Replies: 26
Views: 1587

Re: Sanity check on carrying emergency fund inside 401k (asset location)

I'm confused - where would you get liquidity from on short notice? I would assume I wouldn't need all of the funds in the same day, so I would wait for the stock-selling transaction to settle, and then transfer that money out of the brokerage account and into cash/checking etc, just as you might se...
by runner540
Thu Oct 24, 2019 2:07 pm
Forum: Personal Investments
Topic: Sanity check on carrying emergency fund inside 401k (asset location)
Replies: 26
Views: 1587

Re: Sanity check on carrying emergency fund inside 401k (asset location)

I'm confused - where would you get liquidity from on short notice?
by runner540
Thu Oct 24, 2019 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Can I open and contribute to a IRA while receiving financial aid and government assistance.
Replies: 31
Views: 1981

Re: Can I open and contribute to a IRA while receiving financial aid and government assistance.

EDIT: I live in Dane county Wisconsin. Thank you all for your replys, I will try to find information as I find time. I do have a small emergency fund (2000) and no debt. Car was paid off and should last for at least 5 years. I am 26(f), I have a daughter (4) which helped me start to get my life tog...
by runner540
Thu Oct 24, 2019 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Part time job (20h/wk) - how to shield income from taxes?
Replies: 36
Views: 2294

Re: Part time job (20h/wk) - how to shield income from taxes?

Cart Horse Its almost November - you won't have to worry about 2019 "tax shielding" 2020 is a full year - I feel like if she's actively looking for a different / full-time position, what's the chance she actually stays in this 20hr/week job for a full year? Seems like all this worry about paying ta...
by runner540
Thu Oct 24, 2019 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Part time job (20h/wk) - how to shield income from taxes?
Replies: 36
Views: 2294

Re: Part time job (20h/wk) - how to shield income from taxes?

Are you already maxing HSA, 401k and 2 IRAs? If not, those are your first steps.
by runner540
Wed Oct 16, 2019 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Prenuptial agreement for moderately successful 30 year olds
Replies: 68
Views: 4997

Re: Prenuptial agreement for moderately successful 30 year olds

How will your agreement work if one of you moves for the other's career, or one gets sick and can't work, or doesn't work full time to care for children? Do you want those life decisions to be based on a formula you create now or what's best for your family as a unit later on?
by runner540
Mon Oct 14, 2019 12:18 am
Forum: Personal Finance (Not Investing)
Topic: Should I invest in a ski in / ski out condo?
Replies: 50
Views: 5275

Re: Should I invest in a ski in / ski out condo?

After reading this from OP last month, the answer is no, not while cash flow is tight and you still have a HELOC on your primary residence.
viewtopic.php?f=2&t=289644&p=4731629#top
by runner540
Sun Oct 06, 2019 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Asset protection
Replies: 34
Views: 3169

Re: Asset protection

As the U.S. divorce rate is around 50%, this makes her liability much much greater than a potential malpractice suit that is iver the limits of the coverage. Def not a good idea. This is an outdated statistic, and the rate is MUCH lower for first marriages between 2 college educated adults who are ...
by runner540
Fri Oct 04, 2019 5:47 pm
Forum: Personal Investments
Topic: 100% Stock too Aggressive in 401k Plan?
Replies: 40
Views: 2485

Re: 100% Stock too Aggressive in 401k Plan?

I am nearing 40 and my 401k is 100% total stock fund. I sleep well at night. If the market goes up, I am happy because my shares are appreciating. If the market goes down, I am happy because I can purchase shares at a discount. Win-win. For my knowledge, let's say the market takes a downturn (50% l...
by runner540
Fri Oct 04, 2019 6:26 am
Forum: Personal Finance (Not Investing)
Topic: [When my children marry, should they sign a pre-nuptial agreement?]
Replies: 95
Views: 7960

Re: Daddy I'm engaged! Pre-nup?

Thank you. I am the OP, and the genesis of my post was a law-firm social media post I read recently, it raised the issue that in some states everything is considered community property and therefore everything gets split 50/50 in the event of divorce. It said a pre-nup is a must these days not only...
by runner540
Wed Oct 02, 2019 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: Wedding Finances-Today
Replies: 107
Views: 8259

Re: Wedding Finances-Today

My (only) daughter just got engaged :D . We're delighted and now as the mother of the bride (ie bank) I'm dipping a toe in the bridal industrial complex....and it's quite overwhelming! Luckily the happy couple are not in any way exhibiting bridezilla or diva tendencies. They've already made it clea...
by runner540
Sat Sep 28, 2019 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Staying the course is so hard (support thread)
Replies: 141
Views: 15012

Re: I feel guilty spending my money!

Buy the car with cash, and then give away an equal amount to worthy causes.
by runner540
Thu Sep 26, 2019 6:23 am
Forum: Personal Finance (Not Investing)
Topic: first house- 1 bedroom vs. 2 bedroom
Replies: 60
Views: 5106

Re: first house- 1 bedroom vs. 2 bedroom

I would disregard opinions of people who don't understand much about real estate market and job market in Bay Area. It is hard to say what is going to happen but if future is anything like the past earlier you get in the market, better it is. Due to appreciation and Prop 13 all calculations of rent...
by runner540
Sun Sep 22, 2019 6:32 pm
Forum: Personal Investments
Topic: Investment plan for 35y+ with twins on the way
Replies: 3
Views: 435

Re: Investment plan for 35y+ with twins on the way

Congrats on the growing family! I suggest you keep your 12 months liquid savings easily accessible and do whatever will make mom's stress levels low. Pregnancy is hard enough, with twins even harder and more medical risks. Not sure if you OP are the pregnant one or not, but if you are not you may be...
by runner540
Sun Sep 22, 2019 7:49 am
Forum: Personal Finance (Not Investing)
Topic: first house- 1 bedroom vs. 2 bedroom
Replies: 60
Views: 5106

Re: first house- 1 bedroom vs. 2 bedroom

In comparison, rent is about $3K for a 1 bedroom apartment in Mountain View. What do you think? Thank you! I did not try to crunch the numbers but here is a "rent vs buy" calculator. https://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html I would be amazed if renting was not by far...