Search found 140 matches

by marti038
Wed Jul 17, 2019 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Help valuing my pension
Replies: 8
Views: 534

Re: Help valuing my pension

A simple way to evaluate the value of a pension is to see the cost of an immediate annuity that provides the equivalent income. This is frequently used as a way of determining when to claim SS benefits. immediateannuities.com is a quick way to get an approximate quote. You will have to pick a proje...
by marti038
Wed Jul 17, 2019 9:46 am
Forum: Personal Consumer Issues
Topic: Crawl space encapsulation
Replies: 38
Views: 3149

Re: Crawl space encapsulation

As an update, I did get a dehumidifier in May after humidity levels kept pushing above 70%. I was afraid the dehumidifier would use a lot of electricity, but I haven't noticed any significant increase in our bill. It's pretty much in line with last summer. I haven't measured it carefully, but I susp...
by marti038
Wed Jul 17, 2019 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Help valuing my pension
Replies: 8
Views: 534

Re: Help valuing my pension

I should have clarified that I am fully vested in the pension.
by marti038
Wed Jul 17, 2019 8:17 am
Forum: Personal Finance (Not Investing)
Topic: Help valuing my pension
Replies: 8
Views: 534

Help valuing my pension

I've recently received a promotion at work and I'm negotiating salary with my manager. We're a bit apart on what we think a "fair" salary is for my new responsibilities and I'm trying to look at this objectively from her prospective and my own. The one item that leaves some ambiguity (in my mind) is...
by marti038
Tue Jul 16, 2019 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: 1 million in liquid assets or paid off mortgage by 40?
Replies: 60
Views: 5237

Re: 1 million in liquid assets or paid off mortgage by 40?

Personally, I'd value the liquid cash more than paying off a debt of 3.125%. I would go with option A.

I'm 38, and while I'm not close to $1M in liquid assets, I quit pushing extra cash into my mortgage several years ago. My rate is 3.25%.
by marti038
Fri May 17, 2019 1:33 pm
Forum: Personal Consumer Issues
Topic: Crawl space encapsulation
Replies: 38
Views: 3149

Re: Crawl space encapsulation

I'd go ahead and put in a dehumidifier and seal/insulate the vents. Then you can achieve low humidity and take advantage of all that new insulation. We have a completely clean, dehumidified, sealed crawlspace that we open to change the dehumidifier filter every three months. It is great. gasdoc I s...
by marti038
Thu May 16, 2019 3:10 pm
Forum: Personal Consumer Issues
Topic: Crawl space encapsulation
Replies: 38
Views: 3149

Re: Crawl space encapsulation

I just encapsulated mine over the winter. Start to finish took about 3 months and I spent about $3000 to put in french drains and encapsulate. The crawl space at my home was about 1700 square feet and I have and average of about 4' of room between the ground and the bottom floor of the house. The p...
by marti038
Thu May 16, 2019 11:22 am
Forum: Personal Consumer Issues
Topic: Crawl space encapsulation
Replies: 38
Views: 3149

Re: Crawl space encapsulation

I just encapsulated mine over the winter. Start to finish took about 3 months and I spent about $3000 to put in french drains and encapsulate. The crawl space at my home was about 1700 square feet and I have and average of about 4' of room between the ground and the bottom floor of the house. The pr...
by marti038
Thu Apr 25, 2019 1:39 pm
Forum: Personal Investments
Topic: Where to open 529 savings plan?
Replies: 19
Views: 1279

Re: Where to open 529 savings plan?

We used Utah's 529 for several years until Alabama allowed deductions for contributions to its 529 plan. If my state did not allow deductions for 529 contributions, I'd go back to Utah mainly because of its low cost and I liked the investment options there. It was also very easy to manage my account...
by marti038
Fri Apr 19, 2019 1:03 pm
Forum: Investing - Theory, News & General
Topic: How and when did you do it - to get to 1 Million
Replies: 130
Views: 27479

Re: How and when did you do it - to get to 1 Million

I'll be the first to use the "I" word. DW and I had parents who saved like they would live to 110, but didn't. We inherited it a bit more than a decade ago. Feels undeserved, but there it is. We haven't blown it all - yet! I have similar aspirations for my kids, although I hope to shock them a bit ...
by marti038
Tue Apr 02, 2019 11:05 am
Forum: Investing - Theory, News & General
Topic: Make sure your retirement investment plan includes being fired from your job in your 50s
Replies: 285
Views: 16856

Re: Make sure your retirement investment plan includes being fired from your job in your 50s

A huge reason why we're targeting early financial independence. Bingo. I'm 37 now. On track to hit my best guess, way to early forecast, conservative, estimated number at 53 for this reason primarily. My wife thinks I just want to quit working early, and I might, but I'm most afraid of being depend...
by marti038
Mon Apr 01, 2019 12:30 pm
Forum: Non-US Investing
Topic: Your opinion on debt?
Replies: 111
Views: 6869

Re: Your opinion on debt?

We're comfortable carrying debt on appreciating assets, but avoid it on depreciating assets. Basically, our mortgage is the only debt we have and probably the only debt we'll ever have going forward, although I would be comfortable with carrying a reasonable amount of debt to pay for education (assu...
by marti038
Thu Mar 28, 2019 2:39 pm
Forum: Personal Consumer Issues
Topic: Banff/Lake Louise Winter Trip
Replies: 5
Views: 833

Banff/Lake Louise Winter Trip

I'm planning on taking a family trip to Banff/Lake Louise in January or February 2020. We will almost certainly fly into Calgary. We have been to this area in the summer and loved it. We have also been skiing a couple of times. We are not experts, but are comfortable on the blues at western ski reso...
by marti038
Wed Mar 27, 2019 2:24 pm
Forum: Personal Consumer Issues
Topic: Returning back to former job
Replies: 12
Views: 1102

Re: Returning back to former job

I'm in a bit of a dilemma and maybe others here have gone through something similar and have some advice. My former boss recruited me to go work for him at a new company. Much higher pay, benefits, ect plus we worked well together in the past. I was not unhappy with my current job but the pay and b...
by marti038
Fri Mar 22, 2019 12:18 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 857
Views: 105767

Re: Post your Financial Milestone Announcements Here

Hit 500k in retirement funds on Tuesday.

Will probably go back under that mark after today.
by marti038
Fri Mar 22, 2019 8:38 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2398
Views: 429504

Re: What are you up YTD? [Year To Date]

Up about 18.5% YTD. 100% stock, a few individual stocks, but majority is vanguard funds.

All this basically means is I have returned to where I was at the end of September 2018.
by marti038
Thu Mar 14, 2019 9:31 am
Forum: Personal Finance (Not Investing)
Topic: What are your personal experiences with downside of early retirement?
Replies: 69
Views: 10353

Re: What are your personal experiences with downside of early retirement?

I retired in early 2008, age 55. Over the course of the next twelve months, I lost half my life's savings in divorce and close to half of what was left in the market crash. It was the best decision of my life. Go on... OK, I will try to summarize why I said what I did..... 1. As much as I loved my ...
by marti038
Wed Mar 13, 2019 1:18 pm
Forum: Personal Consumer Issues
Topic: Planning Machu Picchu, Inca Trail vs Salkantay?
Replies: 17
Views: 1222

Re: Planning Machu Picchu, Inca Trail vs Salkantay?

Don't mean to hijack the thread, but I'm curious what this trip cost those of you who have been? Machu Picchu is probably #1 on my list of places to visit before I die. I'm 37 now with kids 4 & 6. It's my dream to take my wife and the kiddos there for a 3-4 day trek when they're in high school or co...
by marti038
Tue Mar 12, 2019 3:18 pm
Forum: Personal Investments
Topic: Roth IRA funding for married couple
Replies: 4
Views: 383

Re: Roth IRA funding for married couple

I am looking for recommendations on the best two Roth IRAs to fully fund for each of us before the April cutoff date (11,500 in each account to cover 2018-2019). My priorities are 1) low cost and 2) reasonable long term growth (at least in line with the market). 1) It will be difficult to find anyt...
by marti038
Tue Mar 12, 2019 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: What are your personal experiences with downside of early retirement?
Replies: 69
Views: 10353

Re: What are your personal experiences with downside of early retirement?

protagonist wrote:
Mon Mar 11, 2019 10:07 pm
I retired in early 2008, age 55.

Over the course of the next twelve months, I lost half my life's savings in divorce and close to half of what was left in the market crash.

It was the best decision of my life.
Go on...
by marti038
Tue Mar 12, 2019 2:12 pm
Forum: Personal Investments
Topic: Short-term backing off on retirement savings to fund college?
Replies: 17
Views: 704

Re: Short-term backing off on retirement savings to fund college?

I'd go with option 1, but only if I was very confident that a temporary reduction in saving for retirement wouldn't matter (which it appears it may not in your case).
by marti038
Tue Mar 12, 2019 9:27 am
Forum: Personal Investments
Topic: Switching from Target Ret. 2045 to Equivalent 3-Fund Portfolio: Am I Approaching This Correctly?
Replies: 6
Views: 846

Re: Switching from Target Ret. 2045 to Equivalent 3-Fund Portfolio: Am I Approaching This Correctly?

Looks good to me.

I moved out of VTIVX a few years ago for similar reasons, but mostly because it was too conservative for us.
by marti038
Mon Mar 11, 2019 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Where to save? Roth or House Down Payment
Replies: 4
Views: 427

Re: Where to save? Roth or House Down Payment

Given that a home doesn't seem like an urgent need for you (5 year plan) and the fact that you can't get roth years back once their gone, I would fund the roth and work a 6 or 7 year plan for a house. If kids/schools/safe neighborhoods are factors then I'd probably buy a house. Personally, I bought ...
by marti038
Fri Mar 08, 2019 10:14 am
Forum: Personal Finance (Not Investing)
Topic: When were you able to max out your 401k, IRAs?
Replies: 69
Views: 5062

Re: When were you able to max out your 401k, IRAs?

Did it a couple of years in our late 20s, then we had kids. It's not that the kids are that expensive (well not directly) it had more to do with our decision for my wife to work much less and to move into a better school district which was also more expensive and taxed higher. We should be there aga...
by marti038
Thu Mar 07, 2019 5:03 pm
Forum: Personal Consumer Issues
Topic: Things to do in Maine
Replies: 65
Views: 5008

Re: Things to do in Maine

I'd allocate at least a couple of days to Bar Harbor. Portland is also nice. We drove from the White Mountains directly to Bar Harbor several years ago. While scenic, there wasn't a lot that we passed on the route we took that would have been worth spending a lot of time to see. With that said, ther...
by marti038
Wed Mar 06, 2019 12:01 pm
Forum: Investing - Theory, News & General
Topic: Inherited IRA RMD to Roth IRA
Replies: 22
Views: 1796

Re: Inherited IRA RMD to Roth IRA

If you are charitably inclined, you may be able to make a Qualified Charitable Distribution from an inherited IRA. Honestly, I'm not sure if you can do this from an inherited IRA, but I thought it was an option you might want to consider as well. If you're planning to donate any way, why not make t...
by marti038
Tue Mar 05, 2019 3:37 pm
Forum: Investing - Theory, News & General
Topic: Inherited IRA RMD to Roth IRA
Replies: 22
Views: 1796

Re: Inherited IRA RMD to Roth IRA

If you are charitably inclined, you may be able to make a Qualified Charitable Distribution from an inherited IRA. Honestly, I'm not sure if you can do this from an inherited IRA, but I thought it was an option you might want to consider as well. If you're planning to donate any way, why not make th...
by marti038
Tue Mar 05, 2019 1:45 pm
Forum: Investing - Theory, News & General
Topic: USAA getting out of mutual fund biz
Replies: 51
Views: 8870

Re: USAA getting out of mutual fund biz

We left USAA in 2014 and went totally to Vanguard simply because of the expense ratios on their funds. We had no complaints, they just weren't as competitive.

We still have all of our insurance with them and continue to be pleased with the service.
by marti038
Tue Mar 05, 2019 1:42 pm
Forum: Personal Consumer Issues
Topic: Riding lawn mower recommendation
Replies: 12
Views: 813

Re: Riding lawn mower recommendation

I have a somewhat flat 1 acre lot with several large hardwoods trees (and roots bulging from the ground). I bought a Toro MX4200 and love it. It takes a little practice, but once you have some time on it they're very easy to operate. I also use mine to mulch and sweep up leaves in the fall with a la...
by marti038
Mon Mar 04, 2019 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Tell The Truth to Boss Why I'm Leaving? (More Money)
Replies: 78
Views: 8306

Re: Tell The Truth to Boss Why I'm Leaving? (More Money)

I would be honest. Boss, I like it here, but I can't turn down a 70k raise. Thanks for everything. Been there, did that, then went back across the bridge I,thankfully, didn't burn. I'm in my 2nd tour with the company I work for now. A lucrative offer came along from an old colleague (whom I left to...
by marti038
Mon Mar 04, 2019 11:09 am
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 441
Views: 31545

Re: So, I did my taxes over the weekend

It would be interested to know which state you are in. I haven't done my taxes yet as waiting on some documents but would think that restrictions on SALT would impact those of us who are in the high SALT states like CA (where I live). It gets worse for those of us who are in VHCOL area like me (SF ...
by marti038
Mon Mar 04, 2019 11:00 am
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 441
Views: 31545

So, I did my taxes over the weekend

[merged this post and its replies into the existing topic - moderator prudent] I wasn't really sure how the changes in tax laws would effect us, so I knocked them out earlier than I normally would this year. In summary, MFJ with AGI of $189k. Between charitable gifts and mortgage interest, it was a...
by marti038
Fri Mar 01, 2019 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Tell The Truth to Boss Why I'm Leaving? (More Money)
Replies: 78
Views: 8306

Re: Tell The Truth to Boss Why I'm Leaving? (More Money)

I would be honest. Boss, I like it here, but I can't turn down a 70k raise. Thanks for everything. Been there, did that, then went back across the bridge I,thankfully, didn't burn. I'm in my 2nd tour with the company I work for now. A lucrative offer came along from an old colleague (whom I left to...
by marti038
Fri Mar 01, 2019 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Company Travel Question
Replies: 34
Views: 1416

Re: Company Travel Question

hicabob wrote:
Fri Mar 01, 2019 2:13 pm
That's silly. If they want her to go to a conference of course they should cover the expenses.
+1. Sounds like their being cheap to me.
by marti038
Thu Feb 28, 2019 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Who does their own taxes?
Replies: 111
Views: 7535

Re: Who does their own taxes?

I've always done them myself. My mom and dad made me file my first return when I was 15 or 16 and had taxable income for the first time. It was an initiation to taxation and interacting with the government. I vividly remember hating the process even though it was incredibly simple at the time (only ...
by marti038
Wed Feb 27, 2019 11:18 am
Forum: Personal Finance (Not Investing)
Topic: If you currently or are planning to spend over $120k/year in retirement, what is your projected budget?
Replies: 196
Views: 14907

Re: If you are currently or planning to spend over $120k/year in retirement, what is your projected budget?

I'd also like to know the retiring portfolio balance of someone planning on spending $120k/year in retirement. It would be interesting to see whether that's 2 million or 4 million (or more or less). Me too. $120,000 is 4% of $3M. Curious which side of that number most people would fall. Personally,...
by marti038
Tue Feb 26, 2019 1:48 pm
Forum: Personal Consumer Issues
Topic: Dyson V6 Motorhead leaves marks on laminate floors.
Replies: 5
Views: 508

Re: Dyson V6 Motorhead leaves marks on laminate floors.

We had the same problem with our Dyson. Worked great on carpet, but left white streaks on the hardwoods.

We gave it to a friend that wanted a Dyson and had wall to wall carpet in their house. Bought something called a Shark which has done a good job for us.
by marti038
Fri Feb 22, 2019 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Why Do I Need the 3-6 Month Emergency Fund If I Have That in a Roth IRA?
Replies: 47
Views: 4828

Re: Why Do I Need the 3-6 Month Emergency Fund If I Have That in a Roth IRA?

Without reading the other replies, my initial response is that once you take it out of the Roth, you can't put it back. I can't go grab the $5000 I put in back in 2012, use it now, then replace it in 6 months when I'm back on my feet. In short, my Roth money is for investing toward retirement. My em...
by marti038
Mon Feb 18, 2019 10:44 am
Forum: Personal Investments
Topic: IRA Beneficiary - Fishy questions from case handler
Replies: 3
Views: 345

IRA Beneficiary - Fishy questions from case handler

My aunt passed away recently and left her IRA to her 4 siblings. They all met with an employee (not my aunt's adviser if she had one) from UBS where the IRA is held. This young lady has been asking some rather odd questions regarding my mother's and her sibling's income, net worth, retirement plans,...
by marti038
Fri Jan 25, 2019 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Appropriate allocation of Church funds
Replies: 30
Views: 2097

Re: Appropriate allocation of Church funds

I'd ask them if they've considered how other churches go about "investing" their savings. I don't know of many who have an investment account with a financial adviser unless it's for funds designated for scholarships or a future purpose of some sort. Even then, equities seem like an odd place for a ...
by marti038
Tue Jan 22, 2019 10:42 am
Forum: Personal Consumer Issues
Topic: House For Sale By Owner - Suggestions Welcome
Replies: 40
Views: 2731

Re: House For Sale By Owner - Suggestions Welcome

We sold our house FSBO two years ago using a listing service here in the Birmingham area. I think we paid about $500 for them to come in and take some quality pictures of the house, list in on their website, Zillow, and MLS, and they provided all the contract documents we'd need. They also gave us a...
by marti038
Wed Jan 16, 2019 11:00 am
Forum: Personal Finance (Not Investing)
Topic: WSJ: This Alabama Quarterback Wants to Be Your Insurance Salesman
Replies: 9
Views: 1664

Re: WSJ: This Alabama Quarterback Wants to Be Your Insurance Salesman

This is quite ironic. I graduated from the University of Alabama in 2003 and have been a lifelong fan of the school and it's athletic teams, especially football. I bought my first house in 2005 in Birmingham and started calling around to price home insurance policies. As it so happens, a former Alab...
by marti038
Tue Jan 15, 2019 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 205
Views: 31512

Re: Millionaire by 40 and How you Did it?

People’s heads may explode, but I have to credit Dave Ramsey, as I started my career with a bunch of debt. Anyone else finance an engagement ring? :oops: I didn't finance the ring, but I have to credit Dave Ramsey with getting me started in the right direction. My brother recommended his Total Mone...
by marti038
Tue Jan 15, 2019 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 205
Views: 31512

Re: Millionaire by 40 and How you Did it?

Looks like a lot of success is driven by income. I should hit $1M around 42 or 43, and guess what? I have a relatively high income. For those of you reading this who may feel discouraged because you're not able to save as much as you'd like, just keep saving what you can. $1M at age 50 or 60 or 70 i...
by marti038
Wed Oct 24, 2018 1:58 pm
Forum: Personal Investments
Topic: Questions about saving for retirement - need basic advice
Replies: 15
Views: 1244

Re: Questions about saving for retirement - need basic advice

I think the advice you're getting is great. Personally, I'd go Roth over Traditional for the IRA simply because your income is pretty low and not likely to be lower when you do retire. This is a preference issue though and traditional is fine if that's what you prefer. I'd like to add that you're do...
by marti038
Thu Oct 18, 2018 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: PPO vs HDHP + HSA
Replies: 25
Views: 1789

Re: PPO vs HDHP + HSA

I often see people trying to decide between HDHP+HSA and a traditional plan, and they are almost always comparing theoretical costs for the next YEAR....I think this is a bit short-sighted. The bigger question to me is, if you go with the traditional health insurance, will it still be earning and c...
by marti038
Tue Oct 16, 2018 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: PPO vs HDHP + HSA
Replies: 25
Views: 1789

Re: PPO vs HDHP + HSA

If you're all healthy, I'd say go with the HDHP + HSA. I'm 37, DW 35, kids 6 & 4. We've been married over 12 years and only one of those years (when I had a cycling accident) would the PPO have been less costly. The costs, company contribution, and out of pocket maximums on our plan are almost ident...
by marti038
Mon Oct 08, 2018 4:08 pm
Forum: Investing - Theory, News & General
Topic: What tools do you use to track your finances?
Replies: 50
Views: 4195

Re: What tools do you use to track your finances?

mint.com and my nerdy excel spreadsheet.
by marti038
Fri Sep 07, 2018 3:31 pm
Forum: Personal Consumer Issues
Topic: Bike computer or Apple Watch?
Replies: 49
Views: 6064

Re: Bike computer or Apple Watch?

I have a Garmin Fenix 3 and I absolutely love it.

They're up to a Fenix 5 now, but if I were in the market that's what I'd get.
by marti038
Thu Sep 06, 2018 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: To Be or Not to Be...Married
Replies: 135
Views: 5424

Re: To Be or Not to Be...Married

gazelle1991 wrote:
Thu Sep 06, 2018 2:02 pm
Did anyone else looks into the financial impact of this legal commitment before getting married?
We didn't.