Search found 249 matches

by FoolMeOnce
Sat Sep 22, 2018 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: 6 Month Update: Buying a House Right Before Baby
Replies: 11
Views: 1404

Re: 6 Month Update: Buying a House Right Before Baby

topofthebellcurve wrote:
Fri Sep 21, 2018 8:10 pm
we host dinners all the time
You have a 5-month-old and host dinners all the time? This is the most amazing part of the entire story.
by FoolMeOnce
Thu Sep 20, 2018 11:58 pm
Forum: Personal Consumer Issues
Topic: Did you really have something to retire to?
Replies: 128
Views: 10299

Re: Did you really have something to retire to?

I didn’t have anything specific in mind, but I knew that I was too busy working to know what that could possibly be. I was also highly confident that everything would fall into place, and it has. I would say of the top 10 meaningful things I’ve done in retirement so far , none of them would’ve been...
by FoolMeOnce
Tue Sep 18, 2018 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan Debt Repayment
Replies: 34
Views: 1408

Re: Student Loan Debt Repayment

Your IRA contribution would not be deductible at your income level. Unless you plan to do a backdoor Roth, which perhaps you are not (considering it looks like you have other earnings in your tIRA already) I'd throw that $5,500 at your loans. But first save up at least a few months expense as an eme...
by FoolMeOnce
Mon Sep 17, 2018 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Considering Quitting Job - Seeking Advice. Would you do it?
Replies: 148
Views: 10503

Re: Considering Quitting Job - Seeking Advice. Would you do it?

I should have arrived at this juncture years ago, but I can only influence the future now. It’s been eye opening to read these comments. My lovely wife has been right here with me reading each post and team RW73 appreciates the feedback which has helped solidify our plan. Should another post come u...
by FoolMeOnce
Mon Sep 17, 2018 3:28 pm
Forum: Investing - Help with Personal Investments
Topic: Confused with Backdoor Roth, need some help
Replies: 6
Views: 451

Re: Confused with Backdoor Roth, need some help

Thank you! Yes, it's a small account of a little over $4000 dollars. I see they offered some options of rolling over to another retirement plan, but it has been rolled over into this IRA already in August. Would it be better to roll over to another 401k type account now? Would that account for my 4...
by FoolMeOnce
Sun Sep 16, 2018 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Considering Quitting Job - Seeking Advice. Would you do it?
Replies: 148
Views: 10503

Re: Considering Quitting Job - Seeking Advice. Would you do it?

Walking away from a 14-17 hour/day job is not being a wimp; it is being a human, a parent, a spouse. It was asked above and maybe I missed a response, but could you move to a less demanding role in the same company to stay for your pension and restricted stock? Even without it, it looks like you do ...
by FoolMeOnce
Sun Sep 16, 2018 9:36 am
Forum: Personal Finance (Not Investing)
Topic: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?
Replies: 118
Views: 11089

Re: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?

But really, I think most people are unable or unwilling to accept or understand opposing viewpoints. It's not "sad" if someone loves their job and never wants to retire. Nor is it "sad" if someone is excited about early retirement because they don't want to work. It's only sad if someone does somet...
by FoolMeOnce
Sat Sep 15, 2018 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?
Replies: 118
Views: 11089

Re: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?

But really, I think most people are unable or unwilling to accept or understand opposing viewpoints. It's not "sad" if someone loves their job and never wants to retire. Nor is it "sad" if someone is excited about early retirement because they don't want to work. It's only sad if someone does somet...
by FoolMeOnce
Fri Sep 14, 2018 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Critical Account
Replies: 20
Views: 2438

Re: Critical Account

You are leaving her $2.3m. I don't think you should waste energy or create discord over interest on $5k.
by FoolMeOnce
Fri Sep 14, 2018 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Single Family Homes in Chicago?
Replies: 28
Views: 2861

Re: Single Family Homes in Chicago?

Old Irving is very family friendly and tends to have larger properties with good yards, but is not very walkable. Will your work be downtown? In the burbs? Old Irving is convenient to the freeway and the blue line. The Ravenswood area, east of Damen and east of the expensive part of North Center (cl...
by FoolMeOnce
Thu Sep 13, 2018 4:11 pm
Forum: Investing - Help with Personal Investments
Topic: How to stay the course when you “think” you can outsmart the market
Replies: 36
Views: 2199

Re: How to stay the course when you “think” you can outsmart the market

Hurricane season is not surprising. Assuming this is a generator manufacturer, from other's posts, I'm sure their expected revenue takes into account annual hurricane-related demand.

Gamble with a small amount on hunches if you want, but don't think you can outsmart the market.
by FoolMeOnce
Tue Sep 11, 2018 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Confused by Wiki Advice on HSA Spending
Replies: 44
Views: 6185

Re: Confused by Wiki Advice on HSA Spending

If you retire before Medicare age and need to purchase insurance, you can use it for that, right? That could be a significant amount of money, depending on how early you retire.
by FoolMeOnce
Tue Sep 11, 2018 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Taking pension early
Replies: 6
Views: 1062

Re: Taking pension early

I hope someone can help me understand the pros and cons of taking a no-COLA pension early. I can get pensions from TWO former companies I worked for as follows: PENSION COMPANY ONE: At age 65: $3,816/- per month ($45,792/- per year) At age 62 (my current age): $3,694/- per month ($44,328/- per year...
by FoolMeOnce
Tue Sep 11, 2018 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Going off-track of asset allocation due to high savings rate
Replies: 47
Views: 2831

Re: Going off-track of asset allocation due to high savings rate

You are market timing. It may or may not work. Nobody knows (nothing). I just wanted to be making portfolio purchases that weren't so strongly skewed by the fact that I was paid so little in graduate school and as a postdoc. My investing strategy also contains a good value tilt, because I think the...
by FoolMeOnce
Mon Sep 10, 2018 10:54 am
Forum: Personal Finance (Not Investing)
Topic: My daughter's inheritance.
Replies: 63
Views: 8012

Re: My daughter's inheritance.

KRBerly wrote:
Sun Sep 09, 2018 4:55 pm
But I am scared I am going to mess this up!
It is hard to mess up a target date fund!
by FoolMeOnce
Thu Sep 06, 2018 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Sell our new home to downsize
Replies: 37
Views: 3421

Re: Sell our new home to downsize

+1 for stopping the extra principal payments as a first step. See how that feels. In 15-20 years, if you want to get rid of the mortgage and your assets allow it, pay the rest off then.
by FoolMeOnce
Wed Sep 05, 2018 10:13 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice - age 52 retired
Replies: 6
Views: 1288

Re: Portfolio Advice - age 52 retired

Make sure to calculate whether Roth conversions and going back to work will affect your ACA credits.
by FoolMeOnce
Tue Sep 04, 2018 2:47 pm
Forum: Investing - Help with Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 9838

Re: Max you should invest in a 529?

So I don't believe my situation is unusual - My wife and I both work and make under the ROTH IRA limits. We are both over 50 (granted we were not over 50 for most years while contributing to the 529). We both can contribute $24K to 401Ks, $6.5K to ROTH. That's $61K not including any matching money ...
by FoolMeOnce
Mon Sep 03, 2018 9:18 am
Forum: Investing - Theory, News & General
Topic: If the market is so hard to beat, why did a rapper beat it by 40%?
Replies: 61
Views: 3544

Re: If the market is so hard to beat, why did a rapper beat it by 40%?

There are hundreds of millions of investors out there. Many will beat the market. You just can't tell who or why beforehand, and they will have taken greater than normal risk. Take 3,654 investors, have each invest in a different single stock that compromise the holdings of VTI. Someone is going to ...
by FoolMeOnce
Wed Aug 29, 2018 7:08 pm
Forum: Investing - Theory, News & General
Topic: Local community is offering a class on Saving for Retirement
Replies: 11
Views: 530

Re: Local community is offering a class on Saving for Retirement

Ask at your community center who the instructor of the class is and then look up who they are and what they do. I strongly expect that they're big on the free bad chicken dinner circuit. In fact I did that very thing just last week. I got one of those "free investment seminar at local high-end rest...
by FoolMeOnce
Wed Aug 29, 2018 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring. 28 y.o. $5M in cash. Asking for advice for portfolio.
Replies: 80
Views: 13570

Re: Retiring. 28 y.o. $5M in cash. Asking for advice for portfolio.

To me, the biggest risk is life happening. There is no way I would stop working with only $5M at that age. Way too large a risk of life dwindling that money down and in 10-15 years you need to go back to work, yet you have been unemployed for all that time which won't make your prospects great. May...
by FoolMeOnce
Wed Aug 29, 2018 9:43 am
Forum: Investing - Help with Personal Investments
Topic: Retiring. 28 y.o. $5M in cash. Asking for advice for portfolio.
Replies: 80
Views: 13570

Re: Retiring. 28 y.o. $5M in cash. Asking for advice for portfolio.

I like to see that you are putting a lot of thought into this, as you should. One thing to consider is that the non-equity portion does not have to be just bonds. You can find CDs or perhaps other fixed income to mix in, too. You could even consider an annuity. $1,000,000 in a SPIA would get you rou...
by FoolMeOnce
Tue Aug 28, 2018 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in Taxable account for early retirement
Replies: 18
Views: 1146

Re: Investing in Taxable account for early retirement

Side notes: I recognize that I can pull from the Roth IRA prior to 59 and only have to pay taxes. What taxes? Sorry, I didn't complete that thought. It would be income tax and/or capital gains on the earnings. You don’t owe taxes on earnings that occur within a Roth IRA, even when you withdraw them...
by FoolMeOnce
Tue Aug 28, 2018 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in Taxable account for early retirement
Replies: 18
Views: 1146

Re: Investing in Taxable account for early retirement

chevy07 wrote:
Tue Aug 28, 2018 12:45 pm
Side notes: I recognize that I can pull from the Roth IRA prior to 59 and only have to pay taxes.
What taxes?
by FoolMeOnce
Fri Aug 24, 2018 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Co-habitation agreement - ??
Replies: 103
Views: 6364

Re: Co-habitation agreement - ??

Show of hands - who did thorough background checks and independently verified all work history, financial assets, and previous relationships of everyone with whom you cohabitated? Yes, I'm including those of you who married at 22. At the age of 22 you don't worry about your beloved having another f...
by FoolMeOnce
Fri Aug 24, 2018 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Co-habitation agreement - ??
Replies: 103
Views: 6364

Re: Co-habitation agreement - ??

Show of hands - who did thorough background checks and independently verified all work history, financial assets, and previous relationships of everyone with whom you cohabitated? Yes, I'm including those of you who married at 22. At the age of 22 you don't worry about your beloved having another f...
by FoolMeOnce
Fri Aug 24, 2018 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Co-habitation agreement - ??
Replies: 103
Views: 6364

Re: Co-habitation agreement - ??

Thanks- I will keep you informed. I had the same question - how come he's not been married? I think if a man's not been married by age 50 there is probably something strange about him. I even told my friend that. I also told her I'd feel better if he'd been married and divorced as that shows at lea...
by FoolMeOnce
Tue Aug 21, 2018 9:29 pm
Forum: Personal Consumer Issues
Topic: As an American, where are some great places in the world to retire?
Replies: 151
Views: 14703

Re: As an American, where are some great places in the world to retire?

I don't think any if those cities offer a particularly good quality of life. Because of the murder rate? Most Chicagoans would disagree with you about Chicago. It's one of the great cities in the country, even in the world. You may not like the city for some reason, but the murder rate is not getti...
by FoolMeOnce
Tue Aug 21, 2018 8:13 pm
Forum: Personal Consumer Issues
Topic: As an American, where are some great places in the world to retire?
Replies: 151
Views: 14703

Re: As an American, where are some great places in the world to retire?

I find very hard to believe that somebody can say with a straight face that the city with a very high murder rate even for US (which is already the highest among industrialized countries) offers a good quality of life. To put a number on it, the largest cities in Europe with highest murder rate, li...
by FoolMeOnce
Tue Aug 21, 2018 9:20 am
Forum: Investing - Theory, News & General
Topic: Cash Flow Gain Primary Residence
Replies: 152
Views: 4368

Re: Cash Flow Positive Primary Residence

I think it is clear enough what Klang is asking. An improvement to cash flow. A cash flow gain (yes, "gain," from one negative number to a smaller negative number). Assuming one is paying for housing one way or another, reducing that cost is a cash flow gain. Maybe "positive" is too far. By one defi...
by FoolMeOnce
Mon Aug 20, 2018 11:33 pm
Forum: Personal Finance (Not Investing)
Topic: BH Career advice
Replies: 18
Views: 1707

Re: BH Career advice

It might be early to completely punch out, considering you may spend more in retirement travel than you currently do, and you'll need to cover healthcare for a couple decades. But if you can find something that brings you joy, health insurance, and a modest salary, you can cover your expenses and le...
by FoolMeOnce
Mon Aug 20, 2018 10:51 am
Forum: Investing - Theory, News & General
Topic: Remind me (again) how real estate isn't a GREAT investment?
Replies: 158
Views: 13718

Re: Remind me (again) how real estate isn't a GREAT investment?

This is EXACTLY the same as a person coming on here who bought bitcoin or Netflix 5 years ago and starts telling us how easy it is for anyone to get rich quick. And we should ignore that person in exactly the same way. Either they are trolling or they lack perspective. No it isn't. Housing is a REA...
by FoolMeOnce
Sat Aug 18, 2018 2:06 pm
Forum: Investing - Theory, News & General
Topic: Capital Gains on an Index Fund
Replies: 25
Views: 1536

Re: Capital Gains on an Index Fund

Question for me on taxed account on tax lost harvesting. Example you have 100k in Total Stock Market at the end of the year you are down to 90k. Only fund own in tax account . Does it make sense to sell, buy same fund 30 days later than take the 10k loss out on your income. Or just let it ride and ...
by FoolMeOnce
Sat Aug 18, 2018 1:14 pm
Forum: Investing - Theory, News & General
Topic: Capital Gains on an Index Fund
Replies: 25
Views: 1536

Re: Capital Gains on an Index Fund

Then how do Bogleheads re-balance every quarter if they potentially are looking at STCG hits by adjusting less than a year? I don't think most Bogleheads rebalance (by selling shares of one fund and buying shares in another one) every quarter. I think the most common regular interval is once per ye...
by FoolMeOnce
Sat Aug 18, 2018 9:32 am
Forum: Investing - Theory, News & General
Topic: Capital Gains on an Index Fund
Replies: 25
Views: 1536

Re: Capital Gains on an Index Fund

See here for more on gains the fund realizes and passes on to shareholders (ie. the fund managers selling individual holdings, rather that you, the shareholder, selling your shares in the fund): https://www.bogleheads.org/wiki/Capital_gains_distribution For investors holding funds in taxable account...
by FoolMeOnce
Sat Aug 18, 2018 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Non-owner contributing to home renovations: what's fair?
Replies: 39
Views: 2529

Re: Non-owner contributing to home renovations: what's fair?

...These are improvements that would make her happy, and what's more, they're things that I *agree* could/should be improved, but they are *not* on my priority list. *If* there's a fair and equitable way to protect my interests in my house, and to protect her contribution to the improvement of that...
by FoolMeOnce
Fri Aug 17, 2018 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Take auto loan 0.9% if I can afford cash?
Replies: 162
Views: 10619

Re: Take auto loan 0.9% if I can afford cash?

Pay in cash. The boglehead way is to keep your fees low and most of the forum balks at even a .25% fee for investments so .9% is sky high. There is a lot of questionable advice on the forum. For example this "do what makes you feel better attitude" that should have nothing to do with a financial fo...
by FoolMeOnce
Fri Aug 17, 2018 8:05 pm
Forum: Personal Consumer Issues
Topic: The Fall of Consumer Reports
Replies: 89
Views: 14904

Re: The Fall of Consumer Reports

windaar wrote:
Fri Aug 17, 2018 7:49 pm
I can't imagine why they drove a sure thing into the ground.
I doubt any of the changes you mentioned were their preferred path. A paid subscription model for consumer goods reviews was just probably no longer viable, and they tried monetizing in other ways as the ship slowly sank.
by FoolMeOnce
Fri Aug 17, 2018 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: PITI 20% to 30% lower than renting
Replies: 41
Views: 2833

Re: PITI 20% to 30% lower than renting

The opportunity cost is not static; it compounds. If the other assumptions maintain (flat rent, flat home value, etc), the opportunity cost will eventually eat imputed rent savings. But otherwise I agree this is a good, albeit conservative, approach to the rent v. buy question. AFter 30 years (assu...
by FoolMeOnce
Fri Aug 17, 2018 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: PITI 20% to 30% lower than renting
Replies: 41
Views: 2833

Re: PITI 20% to 30% lower than renting

Right. I always feel like I'm missing something in these rent v. buy calculations, and I usually am!
by FoolMeOnce
Fri Aug 17, 2018 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: PITI 20% to 30% lower than renting
Replies: 41
Views: 2833

Re: PITI 20% to 30% lower than renting

The opportunity cost is not static; it compounds. If the other assumptions maintain (flat rent, flat home value, etc), the opportunity cost will eventually eat imputed rent savings.

But otherwise I agree this is a good, albeit conservative, approach to the rent v. buy question.
by FoolMeOnce
Fri Aug 17, 2018 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Take auto loan 0.9% if I can afford cash?
Replies: 162
Views: 10619

Re: Take auto loan 0.9% if I can afford cash?

"Would you take a car loan that you didn’t need?" No, Pay cash move on Don't think about a loan Enjoy the new ride :mrgreen: :mrgreen: +1 Some of us just think differently!! :sharebeer Same here. Banks have their role in this world but it won't be form collecting interest or fees from me. What if a...
by FoolMeOnce
Fri Aug 17, 2018 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Take auto loan 0.9% if I can afford cash?
Replies: 162
Views: 10619

Re: Take auto loan 0.9% if I can afford cash?

Pay in cash. The boglehead way is to keep your fees low and most of the forum balks at even a .25% fee for investments so .9% is sky high. There is a lot of questionable advice on the forum. For example this "do what makes you feel better attitude" that should have nothing to do with a financial fo...
by FoolMeOnce
Fri Aug 17, 2018 7:34 am
Forum: Personal Finance (Not Investing)
Topic: Do we really need to save 20 % ?
Replies: 28
Views: 2939

Re: Do we really need to save 20 % ?

How can you decide to stop saving for a down payment without knowing what the rates look like? Stopping your savings immediately based on a mail solicitation is a pretty bad idea.
by FoolMeOnce
Fri Aug 17, 2018 6:44 am
Forum: Personal Consumer Issues
Topic: What to do in Seattle around Christmas?
Replies: 29
Views: 1505

Re: What to do in Seattle around Christmas?

The Seattle Center has a lot for kids. There is a large holiday model train in the (really good!) food court that kids love. The children's museum (indoor play space) is downstairs in the same building. There is also ice skating with little walkers for kids at the Seattle Center. And the Space Needl...
by FoolMeOnce
Thu Aug 16, 2018 12:06 pm
Forum: Investing - Help with Personal Investments
Topic: Advisor Dumped, Now How to Best Simplify
Replies: 20
Views: 2566

Re: Advisor Dumped, Now How to Best Simplify

I'm going through this too. You mention you have some losses. Sell those and then sell others to realize a corresponding amount a gains. That should have no tax consequences, so is a good starting point. From there, it depends on your income and willingness to pay taxes to simplify. Can you realize ...
by FoolMeOnce
Wed Aug 15, 2018 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Odd situation.. How much down payment? 15/30 year loan? Should I sell taxable investments for the down payment?
Replies: 14
Views: 880

Re: Odd situation.. How much down payment? 15/30 year loan? Should I sell taxable investments for the down payment?

1. First, congratulations on saving so much at such a young age. Keep up the good work. 2. Just keep renting. 3. If you insist on buying, I would suggest the option of 30 years, 100k down. 4. If your parents just want to help, they could use that money to reimburse you for maxing out your retirement...
by FoolMeOnce
Wed Aug 15, 2018 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Housing affordability - what is your take?
Replies: 74
Views: 7550

Re: Housing affordability - what is your take?

Single, no kids, good apartment in a good neighborhood with surprisingly low rent and good management, why bother even considering buying something? Some thoughts: https://jlcollinsnh.com/2013/05/29/why-your-house-is-a-terrible-investment/ A good friend of mine bought in the same area for $265,000 ...