Search found 257 matches

by sailaway
Fri Aug 17, 2018 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Financially Wise to Help Adult Child Buy Larger House
Replies: 11
Views: 905

Re: Financially Wise to Help Adult Child Buy Larger House

My daughter is responsible in that mortgage and bills are paid, but they are undisciplined in saving and spent more for entertainment thank they “should”. They are in their mid 40s with 1 child. Then encouraging them to buy a larger house seems irresponsible. What if you gift them the money and the...
by sailaway
Fri Aug 10, 2018 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Should I accept a large cash gift from my mother?
Replies: 44
Views: 5451

Re: Should I accept a large cash gift from my mother?

When my Mom has offered, I have told her to keep it and try not to run out. Of course, in my case it was not only cash for me, but loan forgiveness for my brothers, so it was worth 3x to her what it was to me. And yes, I did tell her the loan forgiveness was up to her, she didn't owe me anything. Bu...
by sailaway
Wed Aug 08, 2018 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Saving Enough for Retirement vs Vacation Home
Replies: 36
Views: 3532

Re: Saving Enough for Retirement vs Vacation Home

Why not wait until you have a down payment without cutting back on the other savings goals? Now might be a good time to review the order of investments. How do you feel about your emergency fund? That is, how many months of current spending does your 25k cover? Do you have friends with kids slightly...
by sailaway
Sat Aug 04, 2018 10:51 am
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 479
Views: 46988

Re: Poll: At what age did you hit $500k Net Worth

The Great Recession hit early in my career, and my earnings growth disappeared for the rest of my 20s. Thankfully I was able to reset my compensation with a job hop at 31, and I hit 500k soon after. Honey, why didn't you ever tell me you were posting here? Seriously, that sounds much like my partne...
by sailaway
Fri Aug 03, 2018 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for adult son with no medical insurance - emergency room visit...
Replies: 15
Views: 1614

Re: Advice for adult son with no medical insurance - emergency room visit...

When I went to college there was a separate student health center from the university hospital. The student health center was free. Maybe University if Arizona has something similar? Thanks - yeah - that is what I was thinking - that is how it was for my wife (UCB and me Cal State East Bay) - I tol...
by sailaway
Fri Aug 03, 2018 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Realities of Early Retirement Model (FIRE)?
Replies: 96
Views: 9456

Re: Realities of Early Retirement Model (FIRE)?

People seem to discount the mental and social advantages of living on $30k, but knowing that if your car needs tires, you can get to some of that $30k today, rather than having to wait or pay high interest for those tires. Or even just living on $30k with good credit, which can make a number of thin...
by sailaway
Wed Aug 01, 2018 9:21 am
Forum: Personal Consumer Issues
Topic: Storing Cord Blood For New Baby
Replies: 13
Views: 1555

Re: Storing Cord Blood For New Baby

It is currently a way to make money off of nervous, well off parents.

However, I do recommend that they donate it.
by sailaway
Sun Jul 29, 2018 11:06 am
Forum: Personal Consumer Issues
Topic: Dual language vs Traditional Public School
Replies: 23
Views: 1196

Re: Dual language vs Traditional Public School

The benefits of being bilingual outstrip anything a translator can do. Bilingual individuals tend to have more advanced verbal abilities than their monolingual peers, as well as being better problem solvers and decision makers.
by sailaway
Thu Jul 19, 2018 9:40 am
Forum: Investing - Theory, News & General
Topic: I may have understood why it's so hard to save and invest
Replies: 75
Views: 10990

Re: I may have understood why it's so hard to save and invest

Just think how much effort you have saved yourself at the other end. Would you rather put in that effort now or when you are 80?
by sailaway
Tue Jul 17, 2018 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone experienced landlords here? Caught some of my tenants renting out rooms. Anything I should do?
Replies: 33
Views: 5970

Re: Anyone experienced landlords here? Caught some of my tenants renting out rooms. Anything I should do?

If someone is willing to sublease without telling you, there's a lot more they are willing to do to your property in my opinion. That is ridiculous. Most adults consider this a good way to get the place they want, then take time to get a good roommate, rather than trying to make magic happen to get...
by sailaway
Mon Jul 16, 2018 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: $540 a month on food for graduate student budget too much?
Replies: 81
Views: 6427

Re: $540 a month on food for graduate student budget too much?

When I was a grad student, coffee shops and eating out were my luxury and most of my entertainment spending, as well as food. The year of my comp exams, I also paid to have my laundry washed and folded.

The real question, at every stage of life, is can you afford it?
by sailaway
Mon Jul 16, 2018 6:18 pm
Forum: Personal Consumer Issues
Topic: Why own a bed?
Replies: 140
Views: 9712

Re: Why own a bed?

One Ping wrote:
Mon Jul 16, 2018 4:43 pm
telemark wrote:
Mon Jul 16, 2018 11:05 am
This has been discussed before.

viewtopic.php?t=97232
I just gotta say, this place is amazing! Who would have thought this would have been discussed ... before! :o
Moreiver, that someone would look it up!
by sailaway
Mon Jul 16, 2018 10:59 am
Forum: Personal Consumer Issues
Topic: Why own a bed?
Replies: 140
Views: 9712

Re: Why own a bed?

There are a number of alternatives to the bed furniture that stores sell you. -You can get a large part of the look by attaching a headboard directly to the cheap frame that comes standard with a mattress and box springs. -You can put a box springs and mattress on the floor. This makes a nice height...
by sailaway
Wed Jul 11, 2018 2:06 pm
Forum: Personal Consumer Issues
Topic: Any kayakers here?
Replies: 60
Views: 3486

Re: Any kayakers here?

Is there a particular model/feature I should look into if I tend to have back issues? I'd also be interested in hearing more about a pedal kayak. Not for fishing, really just for an additional workout while enjoying the lake. Also, can these type of kayaks travel on top of car racks? The Hobie mira...
by sailaway
Mon Jul 09, 2018 11:10 am
Forum: Personal Consumer Issues
Topic: Any kayakers here?
Replies: 60
Views: 3486

Re: Any kayakers here?

We were wasting time in the Hobie store when our broker called to tell us that our offer on a sailboat had not been accepted. Since the deposit on the sailboat was almost exactly the same as the tandem kayak we preferred, we took one home with us. We pedal, rather than paddle. This solves the "divor...
by sailaway
Wed Jun 27, 2018 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Another should we buy this So. Cal house thread...
Replies: 42
Views: 2186

Re: Another should we buy this So. Cal house thread...

We also went into sticker shock when we started looking to move closer to his work, and we lived in this neighborhood when we first moved to San Diego five years ago. At that point, it was "We knew the apartments would be smaller, but why are they crappy?" Now it is "You want how much for a crappy s...
by sailaway
Wed Jun 27, 2018 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Another should we buy this So. Cal house thread...
Replies: 42
Views: 2186

Re: Another should we buy this So. Cal house thread...

We have been running the numbers and it would be a wash/ slight loss for us to buy because we only plan on being in San Diego for three or four more years. For a long term home, buying seems to be best. Of course, we are comparing apples to apples. If we follow through with the plan to move closer t...
by sailaway
Tue Jun 26, 2018 8:53 am
Forum: Personal Consumer Issues
Topic: San Antonio and Austin trip
Replies: 23
Views: 1530

Re: San Antonio and Austin trip

I would suggest a stop at San Marcos on your way between the two for a tour of the springs in a glass bottom boat. Or, if it is a hundred, perhaps take the time for a river float.

I really miss Austin's music scene. Everything here is cover bands.
by sailaway
Mon Jun 25, 2018 11:51 pm
Forum: Personal Consumer Issues
Topic: Gifting trip for inlaws
Replies: 22
Views: 2628

Re: Gifting trip for inlaws

Those are my idea of hell on earth!! http://www.thecarpetbagger.org/2013/08/gatlinburg-and-pigeon-forge-tn-sodom.html I completely agree with you, and would never willingly go there myself. However, the OP is soliciting vacation ideas for someone who... - "Doesn't like new things" - Are "stuck in t...
by sailaway
Sat Jun 23, 2018 7:38 am
Forum: Investing - Help with Personal Investments
Topic: Is this all investing is?
Replies: 38
Views: 3859

Re: Is this all investing is?

There are many things that aren't necessary that don't cost much money. Go for a walk, swim at the lake, go to a Meetup, volunteer...

What is the point of financial independence if you aren't enjoying your life? Whether it is being useful or having fun, you need to be doing something.
by sailaway
Mon Jun 18, 2018 12:21 pm
Forum: Investing - Theory, News & General
Topic: mega backdoor Roth -- why not stay in the roth 401(k)
Replies: 14
Views: 1280

Re: mega backdoor Roth -- why not stay in the roth 401(k)

Are you aware that you can withdraw your Roth IRA conversions after 5 years, penalty free? In this sense, the Roth IRA might be more flexible than the Roth 401k for those retiring prior to 59.5.
by sailaway
Thu Jun 14, 2018 4:19 pm
Forum: Personal Consumer Issues
Topic: Long Weekend in November - NOLA, Austin, Other
Replies: 26
Views: 1348

Re: Long Weekend in November - NOLA, Austin, Other

Have you looked at Savannah? It looks like Jet Blue has direct flights that are under 3 hours!
by sailaway
Thu Jun 14, 2018 4:17 pm
Forum: Personal Consumer Issues
Topic: Non-alcoholic drinks for wedding
Replies: 79
Views: 3921

Re: Non-alcoholic drinks for wedding

People who can't handle a dry wedding have bigger issues than can be addressed by the bride and groom. This. its not about people not being able to handle a dry wedding, but the simple fact that many people become more happy/loose/festive with a little spirit in them which can give an infectious en...
by sailaway
Thu Jun 14, 2018 12:06 pm
Forum: Personal Consumer Issues
Topic: Non-alcoholic drinks for wedding
Replies: 79
Views: 3921

Re: Non-alcoholic drinks for wedding

Have a soda bar, with colorful syrups and fizzy water. And cherries, of course!

Sparkling grape juice for toasting.

People who can't handle a dry wedding have bigger issues than can be addressed by the bride and groom.
by sailaway
Sun Jun 10, 2018 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: How much rent can one afford?
Replies: 4
Views: 539

Re: How much rent can one afford?

When I was first thinking about it, I was told 25% of net (although you could get approval for 25% of gross). Now days, I have seen as high as 30% of gross. The lower you can go and still feel comfortable and homey is obviously best.
by sailaway
Sat Jun 09, 2018 4:32 pm
Forum: Investing - Help with Personal Investments
Topic: Existing Roth IRA
Replies: 15
Views: 780

Re: Existing Roth IRA

I feel like a couple of different issues are being conflated. If I have no tIRA, I can do a backdoor Roth by putting an after tax contribution into a traditional IRA and moving it immediately into a Roth. If there is no growth, there is no tax. If I wait a while and there is growth, I will owe tax o...
by sailaway
Sat Jun 09, 2018 2:57 pm
Forum: Investing - Help with Personal Investments
Topic: Existing Roth IRA
Replies: 15
Views: 780

Re: Existing Roth IRA

1) it sits there, growing, tax free until you need it.
2) you use a back door Roth plan to make two step contributions (depends on existing tIRAs)
3) you use the mega backdoor to make large contributions via your 401k (depends on 401k plan details)
by sailaway
Fri Jun 08, 2018 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Why do we work?
Replies: 121
Views: 10712

Re: Why do we work?

I work because it is easier than sustenance farming.
by sailaway
Fri Jun 08, 2018 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: IRA' s and separate beneficiaries
Replies: 5
Views: 286

Re: Ira' s and separate beneficiaries

Wouldn't you prefer to make your own trust the beneficiary of your own IRAs and vice versa?
by sailaway
Wed Jun 06, 2018 4:33 pm
Forum: Investing - Help with Personal Investments
Topic: Just utilize the mega backdoor? Is it that simple?
Replies: 20
Views: 2213

Re: Just utilize the mega backdoor? Is it that simple?

How do you get ~$20K in cash into a mega back door all at once? My understanding is you have to enable after-tax contributions on your 401k first, then wait for the after-tax balance to build up somewhat before pulling the trigger. I would wonder the same. I doubt you could move cash savings to you...
by sailaway
Wed Jun 06, 2018 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Insurance for non-married couples
Replies: 17
Views: 931

Re: Insurance for non-married couples

Pajamas wrote:
Wed Jun 06, 2018 11:07 am
sailaway wrote:
Wed Jun 06, 2018 10:44 am
domestic partners, which is not a legal relationship in the US.
Depends on the state. Some states legally recognize domestic partnerships or civil unions in addition to marriages of various types.
Huh, turns out I live in a domestic partnership state.
by sailaway
Wed Jun 06, 2018 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Insurance for non-married couples
Replies: 17
Views: 931

Re: Insurance for non-married couples

You are going to have to make some phone calls. Car insurance is pretty straight forward, but there may be discounts for domestic partners, which is not a legal relationship in the US. When we looked into it, some companies did offer domestic partner policies, others only had boxes for legal status....
by sailaway
Tue Jun 05, 2018 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: What is your Take Home Pay / Gross Pay ratio?
Replies: 89
Views: 7811

Re: What is your Take Home Pay / Gross Pay ratio?

57.2% Max 401k, 401k catch up, and after tax 401k PRE TAX 401k 7.00% PRE TAX 401k Catch up 3.00% I don’t understand how you can be maxing your 401k and Catch up with those percentages. If you make $200k the catch up is maxed but the 401k is only $14k. If you make $264k and change, the 401k is maxed...
by sailaway
Sat Jun 02, 2018 11:36 pm
Forum: Personal Finance (Not Investing)
Topic: Max out 401k w/credit card debt?
Replies: 30
Views: 1975

Re: Max out 401k w/credit card debt?

Cut back on the 529 before the 401k. There are more student grants and loans than their are senior grants
by sailaway
Sat Jun 02, 2018 10:37 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking about RSUs and asset allocation
Replies: 12
Views: 987

Re: Thinking about RSUs and asset allocation

I don't count my chickens before they hatch. RSUs are not mine until they vest, at which time I sell and invest according to plan. Until then, layoffs, sudden opportunities elsewhere, etc could all mean that I never receive them.
by sailaway
Sat Jun 02, 2018 1:45 pm
Forum: Investing - Help with Personal Investments
Topic: Thanks Bogleheads - Mega Backdoor Roth FTW
Replies: 25
Views: 2424

Re: Thanks Bogleheads - Mega Backdoor Roth FTW

We first looked into mega backdoor after someone mentioned that their company match applied to the extra funds: of course we were up for free money! Well, megacorp does not match that portion, but mega 40k provider does have dedicated advisors for megacorp that make the process simple. Like a previo...
by sailaway
Thu May 31, 2018 2:50 pm
Forum: Investing - Help with Personal Investments
Topic: Where to save?
Replies: 7
Views: 900

Re: Where to save?

In your opinion, what is the downside of doing the mega backdoor Roth?

Will you also be doing Roth conversions while your income is low?
by sailaway
Thu May 31, 2018 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Profile: The Road to 1Million USD
Replies: 42
Views: 8593

Re: Profile: The Road to 1Million USD

Great start so far! I presume this is for your retirement. Advice #1: Save enough for tomorrow while enjoying today. Advice #2: I suggest following the investment order of operations below. (Full link can be found at https://forum.mrmoneymustache.com/investor-alley/investment-order/msg1333153/#msg1...
by sailaway
Thu May 31, 2018 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc)
Replies: 266
Views: 18257

Re: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc

When I worked at a university, a lot of students got scholarshios because they were the only ones to apply for then. These were often departmental or program specific, $1-2k at a time, but that is a thousand dollars or more for a couple of hours of work.
by sailaway
Wed May 30, 2018 11:33 am
Forum: Personal Finance (Not Investing)
Topic: "Reversing" 401k to get match at new job?
Replies: 20
Views: 1588

Re: "Reversing" 401k to get match at new job?

stimulacra wrote:
Wed May 30, 2018 11:30 am
Does the new employer offer a Roth 401k? I might go that route for the remainder of 2018 if they do.
The same limit still applies.

However, it might be worth asking if they match after tax contributions.
by sailaway
Tue May 29, 2018 8:43 am
Forum: Personal Finance (Not Investing)
Topic: Do you have a monthly household budget?
Replies: 63
Views: 4214

Re: Do you have a monthly household budget?

I don't think budgeting is a thing of the past, rather this forum self selects for a high percentage of people who can do well enough without keeping track of their monthly buckets. We save more than twice what we spend. We have decided that it just isn't worth any additional effort to save more, gi...
by sailaway
Sat May 26, 2018 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: medicaid as early retirement medical insurance (or maybe Obamacare)
Replies: 41
Views: 3875

Re: medicaid as early retirement medical insurance (or maybe Obamacare)

Questions: 1. Is medicaid (Texas) a feasible medical insurance option for early retirees? What are the eligibility requirements (i had a hard time finding this online)? 2. Is Obamacare insurance a better option if you get it subsidized fully by the federal government? I'm confused by the "early ret...
by sailaway
Sat May 26, 2018 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Leave career (fortune 200) and join the peace corps?
Replies: 29
Views: 3431

Re: Leave career (fortune 200) and join the peace corps?

See this for Peace Corps compensation and benefits: https://www.peacecorps.gov/about/agency-jobs/salary-and-benefits/ As you may know, you can save 10% of salary in TSP. This information applies to Peace Corps employees, not volunteers. The retirement information and health insurance are different ...
by sailaway
Fri May 25, 2018 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Is backdoor Roth IRA eliminated in 2018?
Replies: 19
Views: 3701

Re: Is backdoor Roth IRA eliminated in 2018?

I definitely understood the elimination of “retrospective” recharacterizarions. For some reason I also had read that the entire “backdoor” maneuver had been closed. Not the application of the step doctrine which was theoretically existed as long as the backdoor has been “open,” but rather an additi...
by sailaway
Fri May 25, 2018 4:09 pm
Forum: Personal Consumer Issues
Topic: I need advice on having 2 jobs.
Replies: 25
Views: 2964

Re: I need advice on having 2 jobs.

Have you read the non compete and moonlighting clauses of your contracts?
by sailaway
Fri May 25, 2018 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Is backdoor Roth IRA eliminated in 2018?
Replies: 19
Views: 3701

Re: Is backdoor Roth IRA eliminated in 2018?

The backdoor Roth IRA still stands.

What changed is the "do overs," you cannot recharacterize the money after the rollover.
by sailaway
Fri May 25, 2018 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: I've never budgeted sucessfully
Replies: 59
Views: 5259

Re: I've never budgeted sucessfully

Most accounts these days allow you to download the information already sorted by category. By combining information from these three accounts, we track the vast majority of our spending. It was three credit cards and two accounts until recently, still very easy to track. I tried Quicken a long time...
by sailaway
Fri May 25, 2018 1:43 pm
Forum: Investing - Help with Personal Investments
Topic: Should I invest in expensive 457 plan?
Replies: 24
Views: 1604

Re: Should I invest in expensive 457 plan?

Check the Roth IRA limits for married filing jointly before making any changes. Speaking of married, you do not mention how you and your wife plan on navigating retirement given your age difference. Will she retire at the same time as you to spend time together or keep working? What will happen with...
by sailaway
Wed May 23, 2018 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: I've never budgeted sucessfully
Replies: 59
Views: 5259

Re: I've never budgeted sucessfully

We use two credit cards and one bank account for everything possible. Most accounts these days allow you to download the information already sorted by category. By combining information from these three accounts, we track the vast majority of our spending. It was three credit cards and two accounts ...