Search found 733 matches

by sailaway
Thu May 30, 2019 7:21 pm
Forum: Personal Investments
Topic: Have RSUs. Should I enroll in ESPP too?
Replies: 26
Views: 1446

Re: Have RSUs. Should I enroll in ESPP too?

Sell the RSUs when they vest.

Enroll in ESPP and sell as soon as you purchase.

This way you only have the exposure to your own company's stock for a few days at a time. You get the upside of these programs, and use the proceeds to purchase index funds.
by sailaway
Tue May 28, 2019 9:31 am
Forum: Personal Consumer Issues
Topic: Bored Eleven Year Old Patient in Walking Cast
Replies: 26
Views: 1716

Re: Bored Eleven Year Old Patient in Walking Cast

I had a friend in a full body cast at that age. Her parents organized regular visits from her friends and had lots of games for us to play. They we're also amongst the first families to get cable, but that seems a moot point in this day and age. Perhaps she could attend a language immersion school o...
by sailaway
Mon May 27, 2019 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: M/39/Single - need to take a career break to address mental health; looking for advice on provided financial situation
Replies: 33
Views: 4027

Re: M/39/Single - need to take a career break to address mental health; looking for advice on provided financial situati

From a mental health perspective, walking away from a career is more likely to cause depression than prevent it, statistically speaking. Keep looking for ways to address your issues, including yoga, meditation, group therapy, etc. If you feel you can swing leaving financially, find something more sp...
by sailaway
Fri May 24, 2019 6:14 am
Forum: Personal Consumer Issues
Topic: What has changed in new home construction over the years?
Replies: 49
Views: 6073

Re: What has changed in new home construction over the years?

It has been a decade add since I last went house shopping and I knew this to be a concern, so I think it is just the number of individuals you know seeking new construction that has changed.
by sailaway
Tue May 21, 2019 8:21 pm
Forum: Personal Consumer Issues
Topic: Legal Advice Needed: Immigration and employment question
Replies: 13
Views: 1231

Re: Legal Advice Needed: Immigration and employment question

Most immigration applications need to be processed in one's home country, with asylum being the noteable exception. You should be aware that currently, many people are being deported when they go to start the process within the US. Rules are constantly being enacted to make deportation easier and qu...
by sailaway
Tue May 21, 2019 11:36 am
Forum: Personal Investments
Topic: Retirement goal seems far away
Replies: 25
Views: 2017

Re: Retirement goal seems far away

You will probably get more out retirement if you cultivate the habit of enjoying your life now.
by sailaway
Tue May 21, 2019 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Payable On Death Account to Complement Will
Replies: 66
Views: 3451

Re: Payable On Death Account as Will Substitute

If he later wants to write a will, the POD designation is not autorevoked. It takes precedence over any will. I don't think you are correct on this. My understanding is that any financial account with a beneficiary listed ensures that the account passes OUTSIDE of the estate covered by a will. How ...
by sailaway
Tue May 21, 2019 11:27 am
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 223
Views: 14329

Re: FIRE - What am I missing in the News Stories

Tossing hate on a subset of the population that has saved over 30% of their income constantly in their 20s and 30s ... Meaningless achievement. It is a lot better to save 5% on a 1M compensation than 50% on a 80k one. One will also have a more pleasurable time doing the former rather than the latte...
by sailaway
Tue May 21, 2019 11:19 am
Forum: Personal Investments
Topic: Taxable account even though cant max out 401k yet?
Replies: 18
Views: 1537

Re: Taxable account even though cant max out 401k yet?

You will be able to draw from your 401k in just a few years. Why not use the tax savings to put into a taxable account?
by sailaway
Tue May 21, 2019 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Payable On Death Account to Complement Will
Replies: 66
Views: 3451

Re: Payable On Death Account as Will Substitute

The downside is that most people have some assets outside of POD accounts. We currently have each other listed as primary beneficiaries and our respective mothers as secondary beneficiaries. However, it is also possible to have your beneficiaries listed as a percentage (in OPs case 50/50) per stirpe...
by sailaway
Tue May 21, 2019 5:31 am
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 223
Views: 14329

Re: FIRE - What am I missing in the News Stories

I don't understand the rationale here. Who would exchange/sacrifice tens of years of their best life for the last years which are bad anyway - even if rich - because of age and health? The exchange is actually 10 years at a younger age living rather spartanly plus 10 years at an older age living ev...
by sailaway
Mon May 20, 2019 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 204
Views: 11302

Re: Should I encourage my kids to work in high school/college?

All else being equal, a job is going to look better than being anything less than the best at formal extra curricular activities.
by sailaway
Mon May 20, 2019 9:24 am
Forum: Personal Finance (Not Investing)
Topic: At what NW do I have disposable income?
Replies: 85
Views: 5964

Re: At what NW do I have disposable income?

Others here would suggest that if you aren't putting away 75% of your net income that you are frivolous. I don't read that suggestion at all. :shock: The most extreme recommendation that I come across on this forum is Klangfool's which is to save 100% of your yearly spending as a goal. Depending on...
by sailaway
Wed May 15, 2019 6:41 am
Forum: Personal Finance (Not Investing)
Topic: Do you reward yourself for achieving a financial goal?
Replies: 107
Views: 6563

Re: Do you reward yourself for achieving a financial goal?

Come on, for all the time spent here on this message board surely some of you could take a break from your frugal ways for a moment and celebrate with more than a cup of coffee. If that's celebration to you I can't imagine the lifestyle you choose to live WOW. OK I guess I'm guilty of much the same...
by sailaway
Mon May 13, 2019 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: Does spouse get spousal SSN benefit if she had her own SSN
Replies: 20
Views: 2191

Re: Does spouse get spousal SSN benefit if she had her own SSN

riverguy wrote:
Mon May 13, 2019 10:00 pm
Do people really put that much thought into SS thirty years out?
I think getting the statements in the mail for a few years got some people thinking and retirement blogs will really get other people thinking.
by sailaway
Mon May 13, 2019 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Help parents with house
Replies: 33
Views: 2397

Re: Help parents with house

Did you mean to say that a compatible house would be $400k or a comparable house? If the latter, have they looked at downsizing? Condos?
by sailaway
Mon May 13, 2019 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Does vision insurance cover online eyeglass purchase?
Replies: 7
Views: 638

Re: Does vision insurance cover online eyeglass purchase?

Best to check with your own provider.

You can indeed pay with HSA.
by sailaway
Sun May 12, 2019 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Do you know of anyone who has used this tax saving strategy?
Replies: 28
Views: 3546

Re: Do you know of anyone who has used this tax saving strategy?

What if they need the funds before they pass?

What if they don't change their will so you get 1/3, your brother gets 1/3 and your estranged sister gets 1/3?

What if they do change their will and your siblings accuse you of shading dealings?
by sailaway
Sun May 12, 2019 2:37 pm
Forum: Personal Investments
Topic: Risk Thoughts?
Replies: 3
Views: 539

Re: Risk Thoughts?

Personally, I would put the 457 entirely into stocks to balance out all the other funds.

Is it safe to assume you will also be saving your pension/DB between now and when you retire?
by sailaway
Sat May 11, 2019 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Do you rent even if you can afford to buy?
Replies: 121
Views: 18894

Re: Do you rent even if you can afford to buy?

alter wrote:
Sat May 11, 2019 9:43 am
Renters are still buyers....its just that they are buying their place for someone else instead of themselves.
It's just that they are buying stock, rather than real estate.
by sailaway
Tue May 07, 2019 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: How Is My Employer's Reimbursement of one-half HSA Deductible Treated for Tax Purposes?
Replies: 15
Views: 835

Re: How Is My Employer's Reimbursement of one-half HSA Deductible Treated for Tax Purposes?

Did they literally cut you a check or deposit it in the HSA?

Megacorp reimburses the first $1500 spent at the on campus clinic into the HSA and it counts against our annual contribution.

If they just cut you a check, I assume it would be treated similar to a bonus, subject to taxes.
by sailaway
Tue May 07, 2019 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: If/When Should I make a trust?
Replies: 27
Views: 2548

Re: If/When Should I make a trust?

Trusts just aren't beginner level. You have to know something of your state laws, your assets and your intentions in order to choose one.

Avoiding probate and probate costs is one common reason, in some states.

Putting strings on future generations inheritance is another common reason.
by sailaway
Tue May 07, 2019 11:48 am
Forum: Personal Consumer Issues
Topic: How do YOU make coffee?
Replies: 201
Views: 8758

Re: How do YOU make coffee?

Cup of milk in the microwave and instant espresso or Nescafe popped into the warm milk.
by sailaway
Mon May 06, 2019 7:43 pm
Forum: Personal Investments
Topic: Can we retire by 40??
Replies: 22
Views: 3912

Re: Can we retire by 40??

dayzero wrote:
Mon May 06, 2019 5:43 pm
Bottom line - 4% rule simply does not apply to someone retiring at 40.
It was designed for a 30 year retirement and may not extrapolate well. However, it also assumed 1% fees, which a boglehead would scoff at. A boglehead with low fees is already building in a safety factor.
by sailaway
Mon May 06, 2019 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: College credit for HS courses or not?
Replies: 49
Views: 2258

Re: College credit for HS courses or not?

If his goal is to get credentials without learning more, he will probably not do well at careers in CS or math, either one. Both require lifelong learning to succeed.
by sailaway
Mon May 06, 2019 11:48 am
Forum: Personal Finance (Not Investing)
Topic: College credit for HS courses or not?
Replies: 49
Views: 2258

Re: College credit for HS courses or not?

So what if they have to taken even more advanced level once they get to college? It means they will have a wider variety and deeper knowledge in the end. In reality, the in residence requirements usually add up to half to 3/4 of the total requirements, so these courses will likely still count. For a...
by sailaway
Sun May 05, 2019 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Will vs POD?
Replies: 16
Views: 1902

Re: Will vs POD?

bmelikia wrote:
Sun May 05, 2019 8:26 pm
If a will states that "John Doe" is to have all of my assets after my death but my checking account POD names "Jane Smith" - who gets the money in the checking account?
Jane.
by sailaway
Sun May 05, 2019 7:30 pm
Forum: Personal Consumer Issues
Topic: Summer Vacation UK vs. Spain
Replies: 41
Views: 2869

Re: Summer Vacation UK vs. Spain

I'm not sure how you get more scenic than the Peaks District or the Downs. If heat is an issue for you, Galicia is usually much tamer than other regions.
by sailaway
Sun May 05, 2019 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Will or Living Trust?
Replies: 5
Views: 437

Re: Will or Living Trust?

Revocable trusts make sense in some cases and in some states. But they're overhyped and oversold, and for most people in most states they're not necessary and they can be a distraction. That may be the case here if t's distracting you from more important issues in your estate planning. In most case...
by sailaway
Sun May 05, 2019 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: Will or Living Trust?
Replies: 5
Views: 437

Re: Will or Living Trust?

Revocable trusts make sense in some cases and in some states. But they're overhyped and oversold, and for most people in most states they're not necessary and they can be a distraction. That may be the case here if t's distracting you from more important issues in your estate planning. In most case...
by sailaway
Sun May 05, 2019 4:26 pm
Forum: Investing - Theory, News & General
Topic: Should we discourage the bond tent?
Replies: 148
Views: 12344

Re: Should we discourage the bond tent?

Things like ultra-low fixed SWR's and bond tents are surefire ways to reduce retirement income and and portfolio returns in all or most sequences in the hope that if a terrible sequence does come to pass at just the wrong time, they will provide some additional safety and relief. I prefer to use a ...
by sailaway
Sat May 04, 2019 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Lost out on 401k match for over-contributing
Replies: 49
Views: 5482

Re: Lost out on 401k match for over-contributing

Sad... people need to understand how this works, and look at there pay checks to ensure they're getting what they've earned. My employer allows me to make non-roth non-deductable after-tax 401k contributions, so once I've hit the pre-tax limit I can continue to contribute and get the matching on th...
by sailaway
Fri May 03, 2019 7:43 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 935
Views: 93159

Re: U.S. stocks continue to soar!

Why is everyone so excited? The market has basically been a big fat 0 for 6 months? If I take $1000 away from you... and give it back in 6 months, would you claim to have been “given a gift”? Probably not :P . Call me at 3300 if we get there this year, then I’ll be excited. There was also a runup b...
by sailaway
Fri May 03, 2019 6:28 pm
Forum: Personal Investments
Topic: At 28, I Don't See How I Can Make Any Projections for My Retirement Amount or Age?
Replies: 83
Views: 6173

Re: At 28, I Don't See How I Can Make Any Projections for My Retirement Amount or Age?

It is very likely, even highly desirable, for your priorities to change over the next 40-70 years. A high savings rate will help you have the flexibility to set those priorities. When I was 28 I was in grad school and not really thinking about future finances, beyond avoiding debt as much as possibl...
by sailaway
Thu May 02, 2019 8:41 pm
Forum: Personal Consumer Issues
Topic: Birthday party- No gifts
Replies: 42
Views: 3188

Re: Birthday party- No gifts

I find it is generally best to do as the host requests.
by sailaway
Thu May 02, 2019 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: BOA Bill Pay - Joint Account
Replies: 7
Views: 742

Re: BOA Bill Pay - Joint Account

Posting to follow. As it stands, I pay rent, and DH signs in for me to pay cc bills.

This is also a good time to remind everyone to have a book of information. And to do as I say, not as I do :(
by sailaway
Thu May 02, 2019 6:26 pm
Forum: Personal Investments
Topic: Backdoor Roth mistake
Replies: 4
Views: 386

Re: Backdoor Roth mistake

As I understand it: you don't. You invested, you lost a small amount, you can convert what is left.
by sailaway
Thu May 02, 2019 5:54 pm
Forum: Investing - Theory, News & General
Topic: Withdrawal rate if you don't need to leave a legacy?
Replies: 21
Views: 3277

Re: Withdrawal rate if you don't need to leave a legacy?

If you are thinking of a modification to the so called "4% withdrawal rate", it is still 4%. The research that resulted in the "4% rule" just looked at portfolio success. "Success" meant the portfolio did not run dry. The "problem" with the 4% rule for those not interested in legacies is that most ...
by sailaway
Thu May 02, 2019 5:18 pm
Forum: Investing - Theory, News & General
Topic: Withdrawal rate if you don't need to leave a legacy?
Replies: 21
Views: 3277

Re: Withdrawal rate if you don't need to leave a legacy?

4% is meant for a 30 year retirement, and so fits your hypothetical example perfectly. Any legacy is just a result of good markets over that 30 year span.
by sailaway
Thu May 02, 2019 5:15 pm
Forum: Personal Investments
Topic: Mega backdoor Roth question
Replies: 13
Views: 1084

Re: Mega backdoor Roth question

I'm curious what are those after tax contribution subaccounts? Are they different from Roth 401K? Do they still count against $56K total contribution rule? The much announced $19k limit applies to Roth or traditional. Then there is a separate $56k limit which includes the $19k, employer match, if o...
by sailaway
Thu May 02, 2019 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: The goal of achieving FI
Replies: 41
Views: 3498

Re: The goal of achieving FI

I was reading Napoleon Hill and he says I should come out with a definite purpose, a goal to pursue and achieve by 50 (or 55, 65). His elaboration turns out to be like "I want to be a lawyer, salesman, professor etc." sort of outcome. Thankfully, financial independence is also mentioned as one of t...
by sailaway
Wed May 01, 2019 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: Dumb idea? [buy a condo to rent]
Replies: 37
Views: 3358

Re: Dumb idea?

Keep indexing. I swear this exact same thing came up on the boards a month ago? Are you trying to make money or have a vacation rental? If A) Index funds will do better, if B) Just rent one when you need it Edit, two from a month ago: https://www.bogleheads.org/forum/viewtopic.php?t=275859 https://...
by sailaway
Wed May 01, 2019 2:53 pm
Forum: Personal Consumer Issues
Topic: Babymoon?
Replies: 36
Views: 2879

Re: Babymoon?

Personally, I wouldn't plan a trip until I knew how my own pregnancy is going.
by sailaway
Tue Apr 30, 2019 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Housing: "Super Savers" vs. the "Rest"...
Replies: 85
Views: 9556

Re: Housing: "Super Savers" vs. the "Rest"...

I live in a tiny house; my housing-related expenses are minimal (property taxes, insurance and utilities). I save ~40% of income, hoping to retire early. I'm not downsizing at retirement; I've already done it and it's been a positive change for me. Thanks, OP, for posting this interesting topic for...
by sailaway
Mon Apr 29, 2019 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Boat insurance
Replies: 11
Views: 802

Re: Boat insurance

For a PWC, I would start with my car insurance company and BoatUS.
by sailaway
Mon Apr 29, 2019 5:55 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 11008
Views: 1918135

Re: U.S. stocks in free fall

I'm weird - I am more bearish today than I was in December. I actually felt relieved when the market tanked before Christmas. I agree. I wouldn’t normally rebalance right now, but I’m holding more than my 30% in stocks. Today makes me twitch and wanna take some gains off the table in ye olde 401k. ...
by sailaway
Mon Apr 29, 2019 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Savings rate
Replies: 104
Views: 9028

Re: Savings rate

The 50/30/20 rule is expressly post tax, so that part of the equation is off the table. Since HHI statistics are generally post tax, as well, it should be fairly easy to compare apples to apples. No - I asked that early on and they say it includes tax - even gave examples of that with tax. If it is...
by sailaway
Mon Apr 29, 2019 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Savings rate
Replies: 104
Views: 9028

Re: Savings rate

The 50/30/20 rule is expressly post tax, so that part of the equation is off the table. Since HHI statistics are generally post tax, as well, it should be fairly easy to compare apples to apples.
by sailaway
Mon Apr 29, 2019 2:08 pm
Forum: Personal Consumer Issues
Topic: Buying a bed frame..
Replies: 18
Views: 1283

Re: Buying a bed frame..

RickBoglehead wrote:
Mon Apr 29, 2019 2:01 pm
Metal bedframe, under $40.
This is the most I ever bought until we moved to foam mattresses. They used to come with the box spring mattress sets. You can use a bed skirt to hide storage underneath.
by sailaway
Mon Apr 29, 2019 1:41 pm
Forum: Investing - Theory, News & General
Topic: Why does rebalancing reduce total return?
Replies: 23
Views: 2346

Re: Why does rebalancing reduce total return?

If selling high and buying low increases returns, why does rebalancing decrease returns? Vanguard recommends annual rebalancing with a 5% trigger based on "risk-adjusted" returns, though it seems that risk adjustment is subjective: https://www.vanguard.com/pdf/ISGPORE.pdf. Why not rebalance every 2...