Search found 275 matches

by sjt
Fri Nov 08, 2019 10:25 am
Forum: Personal Consumer Issues
Topic: Young parents, considering moving to city
Replies: 11
Views: 1241

Re: Young parents, considering moving to city

This thread is now in the Personal Consumer Issues forum (where to live). For those questioning the acronym "AS", it's Average Salary. paying rent just about ~20% of the average salary in our state (AS). So this sentence from OP “ We currently have about ~100k USD in savings in total (equivalent to...
by sjt
Tue Oct 29, 2019 8:27 am
Forum: Personal Investments
Topic: 403b/457b protected from creditors?
Replies: 10
Views: 689

Re: 403b/457b protected from creditors?

02nz wrote:
Tue Oct 29, 2019 8:21 am


Umm, what's SWAN protection? Or do you mean protection from "black swan" (not an acronym) events?
SWAN is an acronym for "Sleep Well At Night"
by sjt
Thu Oct 24, 2019 1:09 pm
Forum: Personal Investments
Topic: Semi-seasoned Boglehead looking for review
Replies: 15
Views: 1632

Re: Semi-seasoned Boglehead looking for review

Supermercado wrote:
Wed Oct 23, 2019 10:21 pm

- 2019 is the first year that his 401k and her Roth IRA will be maxed
Just wanted to chime in and say CONGRATS!

:wink:
by sjt
Wed Oct 23, 2019 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Another 401k loan question
Replies: 10
Views: 455

Re: Another 401k loan question

What's the worst case? That your loan becomes a early distribution and you need to pay taxes and a 10% penalty?

Not much you can do about it but work on paying it back. I wouldn't treat it like an emergency but do save diligently and get it paid off!
by sjt
Tue Oct 22, 2019 1:29 pm
Forum: Personal Consumer Issues
Topic: Rebrand to a new career...
Replies: 19
Views: 2297

Re: Rebrand to a new career...

After 35 years in a high powered career - I would hope you have enough to retire. How can you maximize your talents to do the most good? Work for a non profit? Volunteer doing something you love? Keep busy working on your health or a hobby?
by sjt
Mon Oct 21, 2019 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Should I take the job in OKC or Orlando?
Replies: 98
Views: 5564

Re: Should I take the job in OKC or Orlando?

This leads to the second job in OKC: Definitely less desirable location but better job, Have you ever been to Orlando? I wouldn't want to live there. I've never been to OKC and I would happily move there blindly if the second choice was Orlando. Care to elaborate? OKC isn't exactly my cup of tea ei...
by sjt
Fri Oct 18, 2019 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Deed fraud (on your home)- anyone have insight?
Replies: 51
Views: 4158

Re: Deed fraud (on your home)- anyone have insight?

Other day on the radio I heard a detailed commercial about deed fraud- where someone goes to your county recorder, puts their name on the deed to your home (and removes yours), then takes out an equity line of credit and drains the equity from your home, or they sell the home and leave you SOL. See...
by sjt
Fri Oct 18, 2019 10:17 am
Forum: Personal Finance (Not Investing)
Topic: I bought a STOLEN vehicle!!!
Replies: 106
Views: 15182

Re: I bought a STOLEN vehicle!!!

One can quickly check the VIN number with an OBD2 scanner and see if matches the VIN number on the chassis. It is possible to spoof the car software, but much harder to do than placing new stickers or welding a new vin plate. Let's be serious here and cut the OP a little slack. The OP checked the V...
by sjt
Fri Oct 18, 2019 7:50 am
Forum: Personal Finance (Not Investing)
Topic: I bought a STOLEN vehicle!!!
Replies: 106
Views: 15182

Re: I bought a STOLEN vehicle!!!

$13,000 cash
Like, $13,000 in paper money?!
by sjt
Thu Oct 17, 2019 2:41 pm
Forum: Personal Investments
Topic: Target Date Fund Conundrum
Replies: 16
Views: 2420

Re: Target Date Fund Conundrum

How are your fees in the target date funds compared to replicating the same stock / bond mix yourself? For example, my target date fund expense ration is 0.158%, while my Large cap fund is 0.010% and my bond fund is 0.020%. If you managed yourself (there's really not much to actually manage) you cou...
by sjt
Thu Oct 17, 2019 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Should I take the job in OKC or Orlando?
Replies: 98
Views: 5564

Re: Should I take the job in OKC or Orlando?

Streptococcus wrote:
Thu Oct 17, 2019 8:29 am


This leads to the second job in OKC:
Definitely less desirable location but better job,
Have you ever been to Orlando? I wouldn't want to live there. I've never been to OKC and I would happily move there blindly if the second choice was Orlando.
by sjt
Thu Oct 17, 2019 8:30 am
Forum: Personal Consumer Issues
Topic: Remembering a Beloved Family Pet
Replies: 14
Views: 952

Re: Remembering a Beloved Family Pet

Tough time for sure. We have a 12 year old dog who is slowing down and hope to have another good year or two. We've talked about hanging up some hooks or a small wall mounted shelf in the foyer where we can put a photo of the pet and also a hook to hang their collar or leash. My thoughts are with yo...
by sjt
Wed Oct 16, 2019 12:43 pm
Forum: Personal Consumer Issues
Topic: car battery change or not? 2 year old battery
Replies: 118
Views: 6304

Re: car battery change or not? 2 year old battery

Jonezez wrote:
Wed Oct 16, 2019 11:13 am

Wondering if the dealer is trying to pull a fast one on me.

Car dealer trying to pull a fast one? Say it isn't so! If you can't trust a car dealer, who can ya trust? /sarcasm


Car starts ok? Keep the battery until it doesn't.
by sjt
Wed Oct 16, 2019 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Switching Roth 401K to Traditional 401K
Replies: 6
Views: 690

Re: Switching Roth 401K to Traditional 401K

Hello, This may be a basic question, but I want to confirm I understand what I'm doing. I believe we have determined it would make more sense for my wife's 401K to be Traditional and not Roth. It has been Roth for years and has about $30,000 in it. A few questions... - We don't pay any taxes if we ...
by sjt
Mon Oct 14, 2019 9:19 am
Forum: Personal Consumer Issues
Topic: X Country Driving Trip across the US, solo
Replies: 25
Views: 2093

Re: X Country Driving Trip across the US, solo

"A good traveler has no fixed plans, and is not intent on arriving." - Lao Tze



I must admit OP - feeling jealous of your freedom and hope to do the same someday. Hope you update the thread if you have time during your travels!
by sjt
Fri Oct 11, 2019 10:15 am
Forum: Personal Finance (Not Investing)
Topic: How are my money ratios?
Replies: 7
Views: 582

Re: How are my money ratios?

A lot depends on your goals: early retirement, paying kids college, public vs private school, desire to travel to Europe every year, etc.

Saving 19% of gross isn't bad - but kids are expensive, will your savings rate drop significantly when you have kids?
by sjt
Fri Oct 11, 2019 7:39 am
Forum: Personal Consumer Issues
Topic: Joshua Tree National Park
Replies: 14
Views: 1505

Re: Joshua Tree National Park

Palm Springs has an aerial tram that takes you up to elevation 8500 feet. You might want to try that too. Second the tram - It's quite a bit cooler at the top, so maybe pack a light layer. There are some hiking trails at the top (some people will be carrying backpacks and tents up the tram) so you ...
by sjt
Fri Oct 11, 2019 7:35 am
Forum: Personal Finance (Not Investing)
Topic: Budget Review - First home purchase
Replies: 7
Views: 876

Re: Budget Review - First home purchase

Do you plan to send your kids to public school starting at kindergarten? If so, that will be a huge expense lifted in a few years. Otherwise everything seems great!
by sjt
Wed Oct 09, 2019 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Dilemma buying a new house
Replies: 31
Views: 2646

Re: Dilemma buying a new house

Jack FFR1846 wrote:
Wed Oct 09, 2019 8:56 am
In my opinion, second best is to sell, rent short term, then buy and move.
I did this two years ago and would do it again. We lived in an apartment for 6 months and moved twice, but everything turned out OK.
by sjt
Mon Oct 07, 2019 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Controlling Discretionary Spending
Replies: 44
Views: 3085

Re: Controlling Discretionary Spending

Give yourself an allowance, or if you're married have DW control the allowance. Spend it on whatever you want until it's gone. Then wait until the next allowance day before spending any more. Going without what you really want because you already spent your allowance might help you prioritize your ...
by sjt
Thu Oct 03, 2019 10:22 am
Forum: Personal Investments
Topic: 100% Stock too Aggressive in 401k Plan?
Replies: 40
Views: 2493

Re: 100% Stock too Aggressive in 401k Plan?

Financial Engines wants to manage your portfolio for a percentage of your money. For some people that's probably the best option. For someone on Bogleheads, probably not. 100% stocks is too aggressive for some people, so the email isn't wrong. Only you can decide for yourself. If you can stomach the...
by sjt
Tue Oct 01, 2019 12:03 pm
Forum: Investing - Theory, News & General
Topic: Wealth tax impact on markets
Replies: 4
Views: 667

Re: Wealth tax impact on markets

https://www.bogleheads.org/forum/rules "Unacceptable Topics Politics and Religion In order to avoid the inevitable frictions that arise from these topics, political or religious posts and comments are prohibited. The only exceptions to this rule are: Common religious expressions such as sending your...
by sjt
Thu Sep 26, 2019 11:28 am
Forum: Personal Investments
Topic: Selling my investments for downpayment
Replies: 2
Views: 309

Re: Selling my investments for downpayment

Sell funds so that whatever funds remain are in line with your investment strategy
by sjt
Tue Sep 24, 2019 8:45 am
Forum: Personal Investments
Topic: So, Wow [AA change after divorce]
Replies: 84
Views: 10894

Re: So, Wow

So, I was on track to be comfortably retired at 50 with $5M in assets and a paid off house. Now, I've got about $2M in investable assets and $450K in equity on a $1.2M home on a 15 year mortgage. Plus long term care for my mom, and child support, which leaves me in the red each month. Thankfully th...
by sjt
Mon Sep 23, 2019 1:11 pm
Forum: Personal Consumer Issues
Topic: Physical activity suggestions for a non athletic youth
Replies: 189
Views: 9527

Re: Physical activity suggestions for a non athletic youth

I didn’t want to focus on diet because I didn’t want to get the thread locked. Diet was the first thing we changed. ...He eats 5 helpings of vegetables a day-not fruit , vegetables....Yet he continues to gain weight. I know it’s portion control (He can out-eat my husband) and lack of activity. He’s...
by sjt
Mon Sep 23, 2019 11:53 am
Forum: Personal Consumer Issues
Topic: Physical activity suggestions for a non athletic youth
Replies: 189
Views: 9527

Re: Physical activity suggestions for a non athletic youth

Interesting that you posted about avoiding diet as a discussion topic, but diet (proper nutrition) plays more of a role than exercise. You can exercise all the time but if you have a poor diet, it's still unhealthy. Weekly hikes are good through town trails (is this like paved greenways?) -Do you ha...
by sjt
Tue Sep 17, 2019 7:10 am
Forum: Personal Investments
Topic: Roth and Roth401k limits?
Replies: 10
Views: 886

Re: Roth and Roth401k limits?

From my understanding, if you have a 401k available at work, you're not eligible to take deductions to contributions made to a traditional IRA Why not? One can contribute the max to pre tax 401k and also Traditional IRA and defer taxes on all of it if under the AGI limits If I contribute the max 25...
by sjt
Mon Sep 16, 2019 9:39 am
Forum: Personal Consumer Issues
Topic: House centipedes in an apartment
Replies: 20
Views: 1746

Re: House centipedes in an apartment

Yuck - when you live in an apartment you don't have control over other peoples apartments and if they have (and feed) bugs, you will get them too. I lived in apartments near a college campus for an internship over a summer, and since the college kids had just left for the summer, their roaches were ...
by sjt
Thu Sep 12, 2019 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Help Me Understand 401k Match
Replies: 16
Views: 1468

Re: Help Me Understand 401k Match

I think it's worded poorly. I would think they match 25% of your contribution, but you must contribute at last 4% to trigger any match. They will contribute up to a max of 4%. I understand it as: You contribute 3.5% Company contributes: 0 You contribute 4% Company contributes: 1% You contribute 16% ...
by sjt
Thu Sep 12, 2019 8:29 am
Forum: Personal Consumer Issues
Topic: Friend's car caught in flood ?
Replies: 97
Views: 7671

Re: Friend's car caught in flood ?

I had this happen to me as a poor college kid on an internship circa 2006. The car was a 1978 Oldsmobile station wagon (Custom Cruiser - baby blue with baby blue interior) with a 403ci V8. It had a round air filter on the top of the engine, which was fed from an air pickup tube above the drivers whe...
by sjt
Thu Sep 12, 2019 7:43 am
Forum: Personal Investments
Topic: Where should we cut back saving/investing?
Replies: 58
Views: 6486

Re: Where should we cut back saving/investing?

We pay a small amount per year to run Good Budget app jointly on our phones/laptops. It does NOT connect to our bank account. We do this regularly, but we don't obsess over everything. We think of it more of a check on ourselves than trying to adhere strictly to a budget. We run Goodbudget app on p...
by sjt
Wed Sep 11, 2019 11:51 am
Forum: Investing - Theory, News & General
Topic: Can Traditional IRA or 401K dollars remain completely tax free?
Replies: 19
Views: 1562

Re: Can Traditional IRA or 401K dollars remain completely tax free?

Can $1 invested in a Traditional account remain completely tax free? Example: In retirement you withdraw the amount to cover the standard deduction from your Traditional IRA or 401K. So for today's tax law you could avoid tax on that $24,400? Assuming you follow all withdrawal rules. Sure, and then...
by sjt
Thu Sep 05, 2019 11:31 am
Forum: Personal Finance (Not Investing)
Topic: 24yo enrolling in 1st 401k-- after tax contr NOT roth 401k
Replies: 15
Views: 887

Re: 24yo enrolling in 1st 401k-- after tax contr NOT roth 401k

Note that the effective rate is irrelevant. See Common misconceptions . Thanks for the link. Not trying to derail the thread, but I have read through the example - How does the example come to a 22.2% future marginal rate? With a predicted taxable income of $20,471, wouldn't this be in the 12% brac...
by sjt
Thu Sep 05, 2019 10:08 am
Forum: Personal Consumer Issues
Topic: Best college towns in the Southeastern US for retirees?
Replies: 80
Views: 8901

Re: Best college towns in the Southeastern US for retirees?

Raleigh/Durham/Chapel Hill...you'll want to live where you can walk everywhere (traffic) If you're looking for college town - Raleigh should be out - it's a city which contains a University. Durham is borderline. I would look at Chapel Hill or neighboring Carrboro instead. Good access to major airp...
by sjt
Thu Sep 05, 2019 7:17 am
Forum: Personal Finance (Not Investing)
Topic: 24yo enrolling in 1st 401k-- after tax contr NOT roth 401k
Replies: 15
Views: 887

Re: 24yo enrolling in 1st 401k-- after tax contr NOT roth 401k

I believe I should choose 100% Roth contributions over traditional 401k contributions, because I believe my tax rate will be higher when I retire/withdraw Interested in your reasons for this. Outside of retirement account withdrawals in retirement, what other sorts of income do you expect to have? ...
by sjt
Wed Sep 04, 2019 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: 24yo enrolling in 1st 401k-- after tax contr NOT roth 401k
Replies: 15
Views: 887

Re: 24yo enrolling in 1st 401k-- after tax contr NOT roth 401k

I believe I should choose 100% Roth contributions over traditional 401k contributions, because I believe my tax rate will be higher when I retire/withdraw Interested in your reasons for this. Outside of retirement account withdrawals in retirement, what other sorts of income do you expect to have?
by sjt
Tue Aug 13, 2019 6:37 am
Forum: Personal Investments
Topic: First real job 401k. Please help dissect my options :)
Replies: 14
Views: 863

Re: First real job 401k. Please help dissect my options :)

Based on my goals (70% US stocks, 15% international, 15% fixed/bonds) I was planning on excluding international exposure due to the high ERs of my options compared to Vanguard equivalents. Is this enough of a deterrant? I don't think your fees are bad - just use the lower ER funds like you propose....
by sjt
Fri Aug 09, 2019 6:49 am
Forum: Personal Investments
Topic: What to do with my money
Replies: 10
Views: 1490

Re: What to do with my money

viewtopic.php?f=22&t=261282&p=4163494#p4163494

In your previous post, you stated that you're mid 40's. Before I suggest anything, I'm interested in how you managed to become younger.
by sjt
Tue Aug 06, 2019 9:11 am
Forum: Personal Consumer Issues
Topic: Are you getting rid of your gas appliances?
Replies: 43
Views: 3294

Re: Are you getting rid of your gas appliances?

I don't have a gas line to the house - so everything is electric. This is common in the area. The only gripe I have, is cooking on the electric range. A gas flame seemed to be easier to use
by sjt
Tue Aug 06, 2019 8:25 am
Forum: Personal Investments
Topic: 401k or Roth401k?
Replies: 17
Views: 1406

Re: 401k or Roth401k?

Depends on your tax rate now and your expected tax rate when you withdraw the money.

https://www.bogleheads.org/wiki/Traditional_versus_Roth
by sjt
Fri Aug 02, 2019 10:20 am
Forum: Personal Consumer Issues
Topic: 'Gas Card' for teen - best option?
Replies: 29
Views: 1481

Re: 'Gas Card' for teen - best option?

With fraud these days - isn't a credit card a better option? Is it possible to open a low limit credit card with parent / teen?
by sjt
Fri Aug 02, 2019 7:22 am
Forum: Personal Finance (Not Investing)
Topic: Should I refinance?
Replies: 14
Views: 742

Re: Should I refinance?

I should also add that it’s tough finding lenders to refinance such a small loan and that buying points on the 15 year raises my PI to the point where it makes more sense to just pay that amount on my current loan At my lender, loans less than $100k have a slightly higher interest rate. For loans $...
by sjt
Fri Aug 02, 2019 7:16 am
Forum: Personal Consumer Issues
Topic: Older used car with low miles or newer used car with higher miles
Replies: 37
Views: 2443

Re: Older used car with low miles or newer used car with higher miles

If you're looking at different years, it's possible that the engine / transmission / etc could be different and have problems only certain years. Looks like the cars you are shopping would all be 2nd gen Mazda3's with skyactiv engine. Assuming no major recalls or problems, I suppose it's possible th...
by sjt
Thu Aug 01, 2019 12:03 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?
by sjt
Thu Aug 01, 2019 9:20 am
Forum: Personal Investments
Topic: Does this make sense?
Replies: 6
Views: 686

Re: Does this make sense?

moximouse wrote:
Thu Aug 01, 2019 7:47 am
Yes, it is more than my last down payment
But also house prices have increased due to demand - and perhaps you will want a larger / fancier house in a higher priced area next time.

I'd pay off the auto loan, and use the money that would have gone to auto payments to "pay yourself back"
by sjt
Wed Jul 31, 2019 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Should I stop pre-tax savings due to probable future value and future tax brackets.
Replies: 36
Views: 2476

Re: Should I stop pre-tax savings due to probable future value and future tax brackets.

EnjoyIt is correct. sjt, you may want to read the Traditional versus Roth wiki for more details on "The main reason to prefer one type of account over the other is the comparison of marginal tax rates." Thanks for recommending - I've reviewed it and I reread OP. SS + dividends could push into highe...
by sjt
Wed Jul 31, 2019 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Should I stop pre-tax savings due to probable future value and future tax brackets.
Replies: 36
Views: 2476

Re: Should I stop pre-tax savings due to probable future value and future tax brackets.

My calculations come from hitting $3million at 5% real return in my mid 60s followed by a few more years of growth before RMDs kick in making withdrawals at about 150k/yr all in todays dollars, using todays tax brackets. [quo You should be able to withdraw before RMD's kick in, and before SS kicks ...