Search found 153 matches

by marti038
Wed Nov 06, 2019 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Best month to take RMDs?
Replies: 86
Views: 4551

Re: Best month to take RMDs?

If reinvesting, wouldn't it be most advantageous to pull them out in January so they can grow in a roth tax free for the rest of the year instead of growing more RMD's for next year in the account they're already in? Don't forget about Qualified Charitable Distributions. I don't have to worry about ...
by marti038
Tue Oct 29, 2019 10:18 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2517
Views: 463813

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

32.8% as of this morning (10/29/19).
by marti038
Tue Oct 29, 2019 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Expecting Kid #2 this year - Switch away from HDHP?
Replies: 4
Views: 440

Re: Expecting Kid #2 this year - Switch away from HDHP?

Looks like you've got it covered. If you're in generally good health, the HDHP's tend to come out ahead. I noticed that you're not on the HDHP. Is there a reason? seems like life would be easier (and if you're in good health, maybe cheaper) if you're all on one plan. I'm married with two kiddos (now...
by marti038
Thu Oct 17, 2019 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Legacy/Inheritance
Replies: 61
Views: 6612

Re: Legacy/Inheritance

If I were in your situation, I'd probably start by not telling them how much your estate has accumulated and begin transferring the money to them to see what they do with it. I don't know how old you are, but with kids in their 20s you've probably got some time to experiment and see how they handle ...
by marti038
Thu Sep 05, 2019 11:35 am
Forum: Personal Investments
Topic: Vanguard 529 (Nevada) vs. Alabama 529 (tax-deductible)
Replies: 7
Views: 575

Re: Vanguard 529 (Nevada) vs. Alabama 529 (tax-deductible)

For what it's worth, my wife and I had 529's set up in Utah when our kids were born because there wasn't a tax-deductible option in Alabama at the time. After CollegeCounts was created I did the math and transferred those funds to the Alabama plan. I have no regrets. Utah has a fine plan, but the de...
by marti038
Fri Aug 09, 2019 12:46 pm
Forum: Personal Consumer Issues
Topic: Critique my exercise routine because it's not working for me
Replies: 160
Views: 9796

Re: Critique my exercise routine because it's not working for me

If you want to lose weight you need to focus on what you eat. Working out helps, but really only in that it gives you more room to eat. Use myfitnesspal (or a similar tool) and keep up with what you eat accurately . If you want to eat more, work out more. Cardio is more efficient for calorie burn th...
by marti038
Wed Aug 07, 2019 10:10 am
Forum: Personal Investments
Topic: 401k or Roth401k?
Replies: 17
Views: 1406

Re: 401k or Roth401k?

It depends. I have the option in my 401k and I choose Roth. One thing to bear in mind is that your employer contributions will not be in the roth. They will be taxed upon withdrawal like a normal 401k. I only mention that because if your tax situation is sort of on the borderline between traditional...
by marti038
Tue Aug 06, 2019 8:22 am
Forum: Personal Finance (Not Investing)
Topic: No 'Out of pocket' maximum - what does this mean?
Replies: 20
Views: 1910

Re: No 'Out of pocket' maximum - what does this mean?

It means that there is no cap on what you may have to pay out of pocket for your part (your co-insurance) in the event that you file a claim. For example, if you have a procedure of some sort that costs $100,000 and your co-insurance is 20% of the bill (usually after you reach your deductible) you'd...
by marti038
Thu Aug 01, 2019 1:20 pm
Forum: Personal Consumer Issues
Topic: Favorite Lunch Box or Bag
Replies: 22
Views: 1209

Re: Favorite Lunch Box or Bag

We bought nice bento boxes for the kids to take to school.

I get a ziploc bag.

The cleanup after my lunch is much easier.
by marti038
Thu Aug 01, 2019 1:16 pm
Forum: Investing - Theory, News & General
Topic: Are You Rich?
Replies: 31
Views: 3420

Re: Are You Rich?

Absolutely - incredibly rich - I've never had to worry about having a roof over my head or when my next meal will be. I've never had to worry about keeping warm. I own a car outright! I'm living better than 99% of people in history. If that's not rich, what is? 100% agree with this line of thinking...
by marti038
Wed Jul 31, 2019 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: 21 and starting career, need advice
Replies: 15
Views: 1734

Re: 21 and starting career, need advice

I think you're doing great. I wish I had been in that sort of shape when I was 21. My net worth was definitely below zero at that time. One recommendation I'd make is to consider whether or not you want to have children one day. If so, personally, I'd want to think of ways to boost that income a bit...
by marti038
Mon Jul 22, 2019 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: MBA worth it?
Replies: 95
Views: 8285

Re: MBA worth it?

It was for me, but not because of what I leaned. Just putting those three letters on my resume seems to have brought more attention to it. I consider it a tie-breaker of sorts or something to help me stand out.

I got mine before I had kids too. No way I'd go back and do it now, but to each his own.
by marti038
Mon Jul 22, 2019 12:19 pm
Forum: Personal Consumer Issues
Topic: C8 Corvette - who is buying?
Replies: 125
Views: 9489

Re: C8 Corvette - who is buying?

I'm a huge Corvette fan, and I really like the C8. It's about time they moved the engine to the rear of the car.

It's unlikely I'll ever own one though. I'm about 10 times more likely to buy a 67'.
by marti038
Wed Jul 17, 2019 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Help valuing my pension
Replies: 8
Views: 657

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: 3551

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: 657

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: 657

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: 61
Views: 6600

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: 3551

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: 3551

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: 3551

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: 1487

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: 28431

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: 18288

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: 7656

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: 933

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: 1216

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: 1012
Views: 137397

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: 2517
Views: 463813

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: 95
Views: 17636

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: 1350

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: 413

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: 95
Views: 17636

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: 785

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: 882

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: 488

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: 5513

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: 72
Views: 6785

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: 1878

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: 1878

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: 9863

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: 894

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: 8835

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: 34962

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: 34962

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: 8835

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: 1592

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: 8046

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: 15558

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: 705

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.