Search found 404 matches

by sailaway
Tue Nov 13, 2018 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone have a bad experience with HDHP?
Replies: 4
Views: 527

Re: Anyone have a bad experience with HDHP?

What is the out of pocket for your HDHP plan? For us, the PPO and the HDHP have the same out of pocket. With the company seed money and other HSA incentives currently equal to the deductible, it works out favorably for most families. The devil is in the details. Premiums are $110/month and out of p...
by sailaway
Tue Nov 13, 2018 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone have a bad experience with HDHP?
Replies: 4
Views: 527

Re: Anyone have a bad experience with HDHP?

What is the out of pocket for your HDHP plan?

For us, the PPO and the HDHP have the same out of pocket. With the company seed money and other HSA incentives currently equal to the deductible, it works out favorably for most families.

The devil is in the details.
by sailaway
Tue Nov 13, 2018 12:43 pm
Forum: Investing - Help with Personal Investments
Topic: Is maxing out Tax defered 401(k) enough?
Replies: 40
Views: 3386

Re: Is maxing out Tax defered 401(k) enough?

How do you see yourself travelling? Cruises and resorts all over the world? Hiking and campgrounds? Slow travel? Each of these requires a very different budget.

What do you consider early? 62? 55? 50?
by sailaway
Tue Nov 13, 2018 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: [Financial] Habits of the Rich
Replies: 102
Views: 12064

Re: [Financial] Habits of the Rich

I don't think we're rich by most metrics. But we are more than comfortable and broke into the two comma club six years ago at 39. No silly rules like...learn one new skill each year, get up one hour early and read, find a mentor, network with such and such, etc or other "habits of the successful". ...
by sailaway
Mon Nov 12, 2018 12:45 pm
Forum: Personal Consumer Issues
Topic: Wanting to move my family but where to begin?
Replies: 21
Views: 2234

Re: Wanting to move my family but where to begin?

If you aren't sure about the job market, why don't you start by looking there and beginning to apply to all of your acceptable areas? Interviews are a good time to ask questions of people who live there.
by sailaway
Mon Nov 12, 2018 12:41 pm
Forum: Investing - Theory, News & General
Topic: 2008 level
Replies: 14
Views: 2547

Re: 2008 level

yousha wrote:
Mon Nov 12, 2018 12:26 pm
Am I correct that the market is very close to to the 2008 level with todays downturn?
We aren't even at 2017 levels. We are still positive for 2018.
by sailaway
Sat Nov 10, 2018 8:29 am
Forum: Investing - Help with Personal Investments
Topic: New job - not sure how much to 401k and how much to Roth IRA
Replies: 17
Views: 1361

Re: New job - not sure how much to 401k and how much to Roth IRA

I think retiring at 50 with only $600K is optimistic. How many years are you planning to live? Are you factoring for inflation? Healthcare? Disability? I'm planning on retiring at 59 with about $3M and I'm still afraid things could be tight (but I am in a high cost of living area). If I live to age...
by sailaway
Thu Nov 08, 2018 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Roth Mechanics
Replies: 43
Views: 4466

Re: Mega Backdoor Roth Mechanics

No dice on the additional 3% match. Rats! Last year megacorp mentioned after tax contributions in their open enrollment benefits pamphlet. Just reading the summaries, it wasn't hard to imagine we would get a match, but alas, no. Evidently, after tax was too popular anyway: this year's benefit pamph...
by sailaway
Wed Nov 07, 2018 10:35 pm
Forum: Investing - Theory, News & General
Topic: Do people calculate savings rate on gross income?
Replies: 118
Views: 7277

Re: Do people calculate savings rate on gross income?

:) I have no idea why some believe that savings rate is meaningless. Nothing could be further from the truth. Your savings rate is closely linked to how long it will take you to reach financial independence (FI), a major goal for most Bogleheads. Assuming 5% real returns and a 4% withdrawal rate, i...
by sailaway
Wed Nov 07, 2018 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: If expenses are low, are some of us over saving?
Replies: 120
Views: 11515

Re: If expenses are low, are some of us over saving?

You forgot a step: die simultaneously so that no one has to live off the suddenly reduced income.
by sailaway
Tue Nov 06, 2018 7:58 am
Forum: Investing - Theory, News & General
Topic: Do people calculate savings rate on gross income?
Replies: 118
Views: 7277

Re: Do people calculate savings rate on gross income?

1) It is not 50% of gross income. The taxes include social security, Medicare, state, federal. So, it is about 20% or more. It is probably around 30% to 40% of gross income. 2) My expense does not include taxes. 3) If I include college expenses, I save nothing. KlangFool Well, that's certainly a co...
by sailaway
Mon Nov 05, 2018 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: Rules for Roth 401k After Leaving Company
Replies: 11
Views: 799

Re: Rules for Roth 401k After Leaving Company

I believe that early withdraws are prorated for the Roth 401k, so you may not be able to withdraw only the contributions, like you do with a Roth IRA. But you can roll it to a Roth IRA, and then there is no proration issue; the already-taxed portion in the Roth IRA can be withdrawn tax-free and pen...
by sailaway
Mon Nov 05, 2018 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Rules for Roth 401k After Leaving Company
Replies: 11
Views: 799

Re: Rules for Roth 401k After Leaving Company

Roth 401k or traditional 401k? Title of post says Roth. Cheers saw that, i just assumed the rules of Roth IRA and Roth 401k were the same. Meaning any contribution that have been taxed can come out no problem. I believe that early withdraws are prorated for the Roth 401k, so you may not be able to ...
by sailaway
Mon Nov 05, 2018 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Are we in trouble?
Replies: 106
Views: 12607

Re: Are we in trouble?

There aren't any cities in Texas that are bigger than Chicago. Houston comes close on city population and DFW comes close on metropolitan area, so while there may be more job opportunities in your field, the way you stated it seems like you are clutching at straws to justify this move at all. Perhap...
by sailaway
Mon Nov 05, 2018 12:37 pm
Forum: Investing - Theory, News & General
Topic: Do people calculate savings rate on gross income?
Replies: 118
Views: 7277

Re: Do people calculate savings rate on gross income?

I can tell you my savings rate in terms of AGI or expenses. Yes, I realize that AGI is odd, but it is a number that I have on hand once a year and I don't understand the obsession with savings rate. As long as you do it the same way year after year, the method just doesn't matter.
by sailaway
Mon Nov 05, 2018 10:18 am
Forum: Investing - Theory, News & General
Topic: 2019 Retirement Contribution Limits Announced
Replies: 54
Views: 7002

Re: 401k/IRA contribution limits rise for 2019...

TIAX wrote:
Sun Nov 04, 2018 2:36 pm
Wow we need the 1982 max back.
Especially if we can have the 1981 match! I knew these we're introduced for executives, but those amounts must have higher than the average salary back then!

But have you looked at the tax brackets from 1980?
by sailaway
Sun Nov 04, 2018 11:41 am
Forum: Personal Consumer Issues
Topic: Post FiRE job...teaching??
Replies: 33
Views: 3898

Re: Post FiRE job...teaching??

Would love to plan my post FIRE job. Been thinking about a teaching job at a local community college. But...thats as far as ive gone. Any advice on next steps? I have a bachelors degree and an Engineering/IT background. In management now. Project management i guess is my sweet spot. My major was in...
by sailaway
Sun Nov 04, 2018 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Deal fell through and didn't get escrow money.....
Replies: 56
Views: 5875

Re: Deal fell through and didn't get escrow money.....

If that is really what your friend was told, I would suggest they look for a new real estate agent, as this one clearly doesn't know what they are talking about.
by sailaway
Sat Nov 03, 2018 10:14 am
Forum: Personal Consumer Issues
Topic: Post FiRE job...teaching??
Replies: 33
Views: 3898

Re: Post FiRE job...teaching??

You will likely need a Masters for any cc teaching and a ton of experience to teach something like PM. I have never heard of anyone at a cc having an assistant, so yes, grading. Lesson planning is more time consuming than grading in most courses. You will likely make $3 per course per semester, with...
by sailaway
Fri Nov 02, 2018 1:18 pm
Forum: Investing - Help with Personal Investments
Topic: Employer Monthly Contributions and Rounding Issues ($.666667)
Replies: 5
Views: 565

Re: Employer Monthly Contributions and Rounding Issues ($.666667)

Some employers stop contributions once you max out. Have you checked?

If that is not the case, being a few cents under is certainly worth saving the extra hassle, in my opinion.

Just be glad you can make dollar amount elections, rather than than percentages!
by sailaway
Thu Nov 01, 2018 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: Fully maxed out
Replies: 70
Views: 8058

Re: Fully maxed out

By the time 401(k)s and ROTHs are filled (usually by May), money goes to taxable Is there a benefit to front-loading 401k contributions? I understand time in the market, but I'd still be investing the same amount in 401k and taxable regardless, so there wouldn't be an overall difference in time in ...
by sailaway
Wed Oct 31, 2018 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth uncertainty
Replies: 4
Views: 301

Re: Backdoor Roth uncertainty

Roth eligibility is determined by adjusted gross, so your traditional 401k contributions would have an effect. We just contribute to IRAs when we do taxes. That outs us over a year behind in contributions from folks who act in January, but it means we are making an informed decision. We have been ri...
by sailaway
Tue Oct 30, 2018 7:57 pm
Forum: Personal Consumer Issues
Topic: Camping in late December-January, SW US
Replies: 16
Views: 1143

Re: Camping in late December-January, SW US

It could well be snowing in Texas or Georgia, should probably add New Mexico to that...

That being said, warm jammies, lots of blankets, and hats could still make this doable.
by sailaway
Thu Oct 25, 2018 8:45 pm
Forum: Investing - Theory, News & General
Topic: In retirement, when do you stop withdrawing from stocks in a downturn?
Replies: 141
Views: 9300

Re: In retirement, when do you stop withdrawing from stocks in a downturn?

You’re over complicating. You pick an AA, maintain it by rebalancing and in retirement withdrawing. Take whatever is overweighted, whether it’s down or not. If you had rebalanced before the downturn you’d have been ahead but it’s too late now. Thank you. This seems so obvious and simple, but for so...
by sailaway
Thu Oct 25, 2018 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Making a substantial gift to a college
Replies: 27
Views: 2059

Re: Making a substantial gift to a college

My alma mater could care less if my kids go there (and one does). No leg up, no advantage and certainly no financial help (I pay full boat). From the time I graduated (1985) the college president's salary has skyrocketed, a middle executive layer has been added and overall cushy additions have been...
by sailaway
Thu Oct 25, 2018 8:21 pm
Forum: Investing - Theory, News & General
Topic: Teach children to save 10% from day one...?
Replies: 31
Views: 2239

Re: Teach children to save 10% from day one...?

We had to save nearly 100% of our income until I was a tween. Here is $10 for last month's special chores and the $5 your grandmother sent for your birthday, let's go to the bank! We only briefly lived someplace that we could walk or ride our bikes somewhere to spend money, anyway. If we could justi...
by sailaway
Thu Oct 25, 2018 11:19 am
Forum: Personal Consumer Issues
Topic: Mint Mobile feedback
Replies: 15
Views: 1119

Re: Mint Mobile feedback

Until recently, I was using their 10GB plan as my sole internet. Obviously that is a bit of overkill now that I have internet at home, but I have been very happy with it and even the 10GB plan is less than my husband's Virgin Mobile. He just isn't ready for a new phone.
by sailaway
Wed Oct 24, 2018 6:15 pm
Forum: Investing - Help with Personal Investments
Topic: Invested Just Before This Downturn (New to Investing)
Replies: 24
Views: 2536

Re: Invested Just Before This Downturn (New to Investing)

No one here knows what is going to happen tomorrow. The vast majority will choose to sit it out, no matter how long they have been at it. You should not have your short term goals in invested in stocks, which are inherently volatile. (You mention buying a home) Now is a good time to convert to the s...
by sailaway
Tue Oct 23, 2018 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: When Will Attaining Millionaire Status Be Obsolete?
Replies: 77
Views: 4768

Re: When Will Attaining Millionaire Status Be Obsolete?

Do some of you realize that most Americans live paycheck to paycheck and barely have $1000 in savings? Only 50% invest at all. Reaching millionaire status is a huge milestone for most people. Not sure what planet you're on? So is reaching 0 net worth, or 100k for many people. Whats your point? The ...
by sailaway
Tue Oct 23, 2018 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: 2019 Expenses > 2019 Income – Help us close the gap
Replies: 101
Views: 5107

Re: 2019 Expenses > 2019 Income – Help us close the gap

Our Expenses (monthly): House Cleaning: $120 – done every 3 weeks Cable/Internet: $160 Gas for cars: $200 Groceries/Household Items: $1,000 Restaurants: $200 Pets: $80 (cats are on a special diet due to sensitive stomachs) As previously mentioned, start with your variable costs. Cleaning - with you...
by sailaway
Tue Oct 23, 2018 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: When Will Attaining Millionaire Status Be Obsolete?
Replies: 77
Views: 4768

Re: When Will Attaining Millionaire Status Be Obsolete?

Do some of you realize that most Americans live paycheck to paycheck and barely have $1000 in savings? Only 50% invest at all. Reaching millionaire status is a huge milestone for most people. Not sure what planet you're on? So is reaching 0 net worth, or 100k for many people. Whats your point? The ...
by sailaway
Mon Oct 22, 2018 8:04 pm
Forum: Investing - Theory, News & General
Topic: Shouldn't Fridays be higher than average due to 401k contributions?
Replies: 44
Views: 3212

Re: Shouldn't Fridays be higher than average due to 401k contributions?

Personally, an individual paycheck's 401k accounts for about .1% of total stocks held. If that held across the market, it still wouldn't have much of an effect. However, as others have pointed out, there are many reasons to buy besides receiving a paycheck that may or may not be on Friday.
by sailaway
Mon Oct 22, 2018 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: 2019 Expenses > 2019 Income – Help us close the gap
Replies: 101
Views: 5107

Re: 2019 Expenses > 2019 Income – Help us close the gap

-Clean your own house: ~$2000 -Cut cable: ~$1200 -Drive less: $600 -Eat out less: $1200 (cuts eating out in half, more room for savings available) -Cut grocery bill: $2400 (this still leaves $200/week, which many would consider high) -Do a staycation this year: $1200 -Turn off the lights: $600 (Seri...
by sailaway
Sat Oct 20, 2018 11:24 am
Forum: Personal Finance (Not Investing)
Topic: What do you consider 'enough'?
Replies: 96
Views: 11285

Re: What do you consider 'enough'?

This 1/3, 1/3, 1/3 rule is really cool, but I live in California and am relatively well compensated. I only pay 20% in taxes. Perhaps I need to find a way to raise my taxes in order to comfortably retire. We pay more in taxes than we spend, but are somewhere between thirds and 1/2, 1/4, 1/4. Anythi...
by sailaway
Sat Oct 20, 2018 11:14 am
Forum: Personal Consumer Issues
Topic: Should we move to San Diego from east coast?
Replies: 138
Views: 10847

Re: Should we move to San Diego from east coast?

I think the beach / ocean would be the main reason I would move. So, another question I have for the locals is how often do you get to the beach (and how far from it do you live)? Does high tide go up to the cliffs for a lot of the beaches? How many months can you swim comfortably in the ocean with...
by sailaway
Sat Oct 20, 2018 9:31 am
Forum: Personal Consumer Issues
Topic: Should we move to San Diego from east coast?
Replies: 138
Views: 10847

Re: Should we move to San Diego from east coast?

I think the beach / ocean would be the main reason I would move. So, another question I have for the locals is how often do you get to the beach (and how far from it do you live)? Does high tide go up to the cliffs for a lot of the beaches? How many months can you swim comfortably in the ocean with...
by sailaway
Fri Oct 19, 2018 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Health Care Options for 26 year old
Replies: 38
Views: 2002

Re: Health Care Options for 26 year old

Has your friend looked into student insurance through the school?
by sailaway
Thu Oct 18, 2018 2:45 am
Forum: Personal Consumer Issues
Topic: Should we move to San Diego from east coast?
Replies: 138
Views: 10847

Re: Should we move to San Diego from east coast?

Anyone have any links for the OP (or me :happy ) of a home for sale under a million? Ideally in a place with good schools, bike friendly town. I saw this one - https://www.realtor.com/realestateandhomes-detail/7925-Caminito-del-Cid_La-Jolla_CA_92037_M18000-56565?view=qv There is a $740 hoa fee so y...
by sailaway
Wed Oct 17, 2018 8:59 pm
Forum: Personal Consumer Issues
Topic: Should we move to San Diego from east coast?
Replies: 138
Views: 10847

Re: Should we move to San Diego from east coast?

Anyone have any links for the OP (or me :happy ) of a home for sale under a million? Ideally in a place with good schools, bike friendly town. I saw this one - https://www.realtor.com/realestateandhomes-detail/7925-Caminito-del-Cid_La-Jolla_CA_92037_M18000-56565?view=qv There is a $740 hoa fee so y...
by sailaway
Wed Oct 17, 2018 8:10 pm
Forum: Personal Consumer Issues
Topic: Should we move to San Diego from east coast?
Replies: 138
Views: 10847

Re: Should we move to San Diego from east coast?

It is affordable on $195k a year, but let's not get carried away that they will be living "very,very well". I don't live in SD now, but I know it at least as well as you do, and that gets you a pretty average lifestyle. I bet if we sat down and compared our criteria, your definition of average and ...
by sailaway
Wed Oct 17, 2018 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Mega Backdoor Roth Mechanics
Replies: 43
Views: 4466

Re: Mega Backdoor Roth Mechanics

I have been researching this. According to my company (Vanguard Plan), I can only tx after tax funds out of my 401k once per year. So, if I fund it all year, it is going to make money, then I owe taxes on those earnings if I want to tx the whole "after tax" contribution amount into a Roth. So reall...
by sailaway
Wed Oct 17, 2018 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: What do you consider 'enough'?
Replies: 96
Views: 11285

Re: What do you consider 'enough'?

Does anyone out there in their working years have a way of figuring out what is 'enough' in terms of income to support their current lifestyle and to also save for the future? I know it's different for everyone but I'd be curious to hear your thoughts on if and how you calculate how much is 'enough...
by sailaway
Wed Oct 17, 2018 6:10 pm
Forum: Personal Consumer Issues
Topic: Should we move to San Diego from east coast?
Replies: 138
Views: 10847

Re: Should we move to San Diego from east coast?

We are in the suburbs of Philadelphia, and annual combined income of 195k. Our family lives in La Jolla and we surely would be looking at towards north country, SD. La Jolla is too expensive, we are seriously thinking about it but the plan is to move in a year or so if we do. Trying to see if we ca...
by sailaway
Wed Oct 17, 2018 11:05 am
Forum: Investing - Help with Personal Investments
Topic: Multiple Backdoor Roth Conversions each year for same tax year
Replies: 8
Views: 363

Re: Multiple Backdoor Roth Conversions each year for same tax year

Hi - My AGI is higher than allowed for regular Roth contributions so i utilize the backdoor conversion method for my non-working spouse (wife) and me. However, I don't have the $5,500 for each of us readily available right now to fully invest for contribution year 2018. Am i allowed to contribute s...
by sailaway
Wed Oct 17, 2018 9:55 am
Forum: Personal Consumer Issues
Topic: Should we move to San Diego from east coast?
Replies: 138
Views: 10847

Re: Should we move to San Diego from east coast?

lhl12 wrote:
Wed Oct 17, 2018 9:47 am
Ignoring all other differences, is the weather in San Diego meaningfully different from the weather in Los Angeles?
Slightly milder, slightly less prone to Santa Ana winds. Meaningfully?... probably not.
by sailaway
Wed Oct 17, 2018 9:39 am
Forum: Personal Finance (Not Investing)
Topic: The Next Millionaire Next Door: Enduring Strategies for Building Wealth Hardcover will be released October 1, 2018
Replies: 69
Views: 13835

Re: The Next Millionaire Next Door: Enduring Strategies for Building Wealth Hardcover will be released October 1, 2018

I’m a millionaire (very much “next door,” or even “down in the alley,” I buy the $0.88 loaves of bread and all that) and I can tell you there’s nothing to “becoming a millionaire” and it’s overrrated. Who cares? Life was better when we had nothing. Smectym Remember, anything over 70k saw no differe...
by sailaway
Wed Oct 17, 2018 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Exceeding Income Limit for Roth IRA Mid-Year?
Replies: 10
Views: 802

Re: Exceeding Income Limit for Roth IRA Mid-Year?

Hello, My wife recently received a significant pay increase; prior to this we were within the income limits to contribute to a Roth IRA, but were very close ($175,000 MAGI). With this pay increase we'll surely finish out the year over the income limit. I've stopped my contributions but have to assu...
by sailaway
Wed Oct 17, 2018 12:35 am
Forum: Personal Consumer Issues
Topic: Should we move to San Diego from east coast?
Replies: 138
Views: 10847

Re: Should we move to San Diego from east coast?

We are in the suburbs of Philadelphia, and annual combined income of 195k. Our family lives in La Jolla and we surely would be looking at towards north country, SD. La Jolla is too expensive, we are seriously thinking about it but the plan is to move in a year or so if we do. Trying to see if we ca...
by sailaway
Tue Oct 16, 2018 8:44 pm
Forum: Personal Consumer Issues
Topic: Should we move to San Diego from east coast?
Replies: 138
Views: 10847

Re: Should we move to San Diego from east coast?

Those are some good points, looks like securing a job is the first step, based on the job location get a home closer so that the commute is not too long. The traffic situation sounds like it’s horrible during rush hours. We would be visiting family frequently so closer we are better. I will do some...