Search found 27 matches

by Cop51
Wed Jun 13, 2018 9:36 pm
Forum: Personal Consumer Issues
Topic: Rowing machine motivation
Replies: 80
Views: 4762

Re: Rowing machine motivation

I didn’t read all the comments so this may be a repeat but I use mine for Tabata 20 seconds on going hard at 90% power then 10 seconds off resting. I do this for 8 minutes.
by Cop51
Sun Jun 10, 2018 7:45 am
Forum: Personal Finance (Not Investing)
Topic: Bogleheads' College Philosophy question
Replies: 68
Views: 3518

Re: Bogleheads' College Philosophy question

I opened up a 529 about 1.5 years before my sons was born with anticipation of having a child. I invested $100 a month having about $2000 value at birth. Fortunately for me my FIL puts in $500 on his birthday and I continue to do $100 a month. I add all other birthday and Christmas money coming whic...
by Cop51
Sun Jun 10, 2018 7:37 am
Forum: Personal Finance (Not Investing)
Topic: Bogleheads' College Philosophy question
Replies: 68
Views: 3518

Re: Bogleheads' College Philosophy question

The overwhelming consensus on Bogleheads is that it's far more important to prioritize retirement over college because you can't borrow for retirement but you can borrow for college. So, my question is: what method of borrowing for college do you all feel is best? premise is incorrect 1 apple +1 or...
by Cop51
Sun Jun 10, 2018 7:34 am
Forum: Investing - Help with Personal Investments
Topic: Investing some of mom's money,
Replies: 31
Views: 1989

Re: Investing some of mom's money,

I’m a believer in you take risk if you’re looking for a reward or return to meet the goal you want. If you’re mom doesn’t need to take risk why take the risk. If she’s “gifting” the money to you and your brother, then invest it for the appropriate risk you guys would take in your early 60s. Also she...
by Cop51
Sun Jun 10, 2018 7:04 am
Forum: Personal Finance (Not Investing)
Topic: Help requested for my FIRE framework...What am I forgetting?
Replies: 13
Views: 1373

Re: Help requested for my FIRE framework...What am I forgetting?

when people look back the biggest regret always reported on was not spending more time with their children and family. I work nights weekends and holidays. It’s not easy knowing I have to miss something because of work but it’s part of the process. I work no overtime, and my wife and I changed our l...
by Cop51
Fri Jun 08, 2018 7:49 pm
Forum: Investing - Theory, News & General
Topic: My Pension is Really Valuable
Replies: 13
Views: 2108

My Pension is Really Valuable

I've read many of the suggested Boglehead books, and commented and read endless topics posted on the forum over the past few years. Its made me realize how valuable my public pension is. The Police and Fireman's pension system that I belong to pays out 65% of your final compensated salary after 25 y...
by Cop51
Fri Jun 08, 2018 9:09 am
Forum: Personal Consumer Issues
Topic: How much to spend on daycare?
Replies: 46
Views: 3414

Re: How much to spend on daycare?

We used a small local daycare that charged $160 for 3 days a week. Once he turned a year old we switched to the Learning Experience. It’s a franchise but more educational facility and structured like a school with education curriculum. We pay about $1100 a month for our 1 year old. We wanted to go f...
by Cop51
Tue May 29, 2018 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Beachbody Coach (multi level marketing)
Replies: 27
Views: 2799

Beachbody Coach (multi level marketing)

So about two - three months ago my wife tells me she wants to start being a beach body coach. She tells me she can make extra money doing something she enjoys which is good health and fitness. She’s also not just some random person that thinks they are some fitness enthusiasts. She can back it up wi...
by Cop51
Sat May 26, 2018 7:51 am
Forum: Investing - Theory, News & General
Topic: I'm an indexer... but...
Replies: 37
Views: 4365

Re: I'm an indexer... but...

I like to keep 90% of my portfolio in the 3 fund portfolio. The other 10% I may add some small cap, REIT, and even still have some single company stock that I purchased when I was learning about investing. This works for me, and I think its a good balance for taking some extra risk, whether its sing...
by Cop51
Sat May 12, 2018 11:11 am
Forum: Investing - Help with Personal Investments
Topic: Newbie With 457 Plan Options ?'s
Replies: 16
Views: 1168

Re: Newbie With 457 Plan Options ?'s

I have ICMA-RC and the fees are extremely high. .90-1.1% ER for index funds. Each plan is created different. I cringe every time I see the ER, but the tax advantage is sill worth using the account.
by Cop51
Fri May 11, 2018 12:29 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage question: 20% down or larger down payment?
Replies: 47
Views: 4827

Re: Mortgage question: 20% down or larger down payment?

Just remember your mortgage including taxes and insurance should be 25% of your net monthly income.
by Cop51
Fri May 04, 2018 9:38 am
Forum: Personal Consumer Issues
Topic: Bucket List Adventures/Activities
Replies: 110
Views: 8184

Re: Bucket List Adventures/Activities

1. Visit Bora Bora 2. African safari (check out Ngorongoro Crater) 3. See the Northern lights 4. Visit Kakslauttanen Arctic Resort (stay in an igloo) 5. Travel Southeast Asia (Bangkok, Singapore (check out Marina Bay Sands), Vietnam, Bali, etc.) 6. Visit the Galapagos Islands 7. Drive the Pacific C...
by Cop51
Fri May 04, 2018 9:27 am
Forum: Personal Finance (Not Investing)
Topic: How old is too old for a vehicle, even for a well running one ?
Replies: 83
Views: 5058

Re: How old is too old for a vehicle, even for a well running one ?

My rule of thumb is I have no problem purchasing a vehicle brand new as long as I'm getting 0% interest. I usually wait until this is being offered before I purchase it. If I can purchase the vehicle new make payments for 5 years, and drive it for "free" for 5 years I chalk it up as a win. After 10 ...
by Cop51
Tue May 01, 2018 2:16 pm
Forum: Investing - Help with Personal Investments
Topic: Max out our 457 or 401k
Replies: 4
Views: 553

Max out our 457 or 401k

Alright so I have a 457 retirement account that I contribute to along with my pension. I can withdraw from my 457 account penalty free when I separate from public employment which is 47 years old for me. My wife has her 401k that she contributes to. We are both 32 years old and we have everything el...
by Cop51
Fri Mar 23, 2018 2:39 pm
Forum: Personal Consumer Issues
Topic: Coffee maker recommendations
Replies: 41
Views: 2942

Re: Coffee maker recommendations

I have a Jura A1. Retail $799, but they sell them refurbished for less, and you can possible search for PROMO code. Excellent machine. Read up on it.
by Cop51
Fri Feb 23, 2018 9:57 am
Forum: Investing - Help with Personal Investments
Topic: Employer Sponsored ROTH IRA to non Employer ROTH IRA
Replies: 14
Views: 1138

Re: Employer Sponsored ROTH IRA to non Employer ROTH IRA

Okay im going to look further into this.
thank you
by Cop51
Fri Feb 23, 2018 9:53 am
Forum: Investing - Theory, News & General
Topic: Removed
Replies: 6
Views: 718

Re: Best book/study course for Series 65 Exam?

I bought a used Kaplan book off eBay, and have only read a few chapters. I am not in a rush to get it done either because I already have a career I am currently working in. I would like to take the test this year but well see how that goes. This guys video had some good information in the link worth...
by Cop51
Thu Feb 22, 2018 12:09 pm
Forum: Investing - Help with Personal Investments
Topic: Employer Sponsored ROTH IRA to non Employer ROTH IRA
Replies: 14
Views: 1138

Re: Employer Sponsored ROTH IRA to non Employer ROTH IRA

As I stated I DCA my ROTH IRA with ICMA. I did a salary percentage so when I worked overtime I contributed more into the ROTH IRA. Now that I am maxing out the $5500 I do payroll deductions of $211.53 each paycheck. The account is small and I have about $13,000 in it. When I called ICMA because it i...
by Cop51
Thu Feb 22, 2018 12:02 pm
Forum: Personal Consumer Issues
Topic: Should I consider a travel Credit Card?
Replies: 44
Views: 5138

Re: Should I consider a travel Credit Card?

I booked about 4 vacations though chase with points and each time I checked using the chase rewards price vs other sites and i have seen prices the same. If you're using some sort of promotion code then it might not be the same. Also points are worth 1.5 value when using chase. so 10,000 points is w...
by Cop51
Thu Feb 22, 2018 11:40 am
Forum: Personal Consumer Issues
Topic: Should I consider a travel Credit Card?
Replies: 44
Views: 5138

Re: Should I consider a travel Credit Card?

I use the Chase Sapphire Reserve. $450 yearly fee, but $300 travel credit each calendar year so really its a $150 fee. Comes with many perks, and a sign up bonus of 50,000 points worth $750 on travel is you book through Chase. Worth reading up on the card.
by Cop51
Sat Feb 17, 2018 11:09 am
Forum: Investing - Theory, News & General
Topic: How to invest tax refund?
Replies: 4
Views: 564

Re: How to invest tax refund?

If you're getting back a $8,000 or $10,000 tax return back that is to much money. You should talk to your tax professional and adjust your claiming status. I've been trying to get mine as close to $0 as possible but due to many life changes I still struggle. New home, marriage, child, higher income,...
by Cop51
Sat Feb 17, 2018 11:03 am
Forum: Investing - Help with Personal Investments
Topic: Laddering CDs: 6 mos v. 1 year?
Replies: 11
Views: 1188

Re: Laddering CDs: 6 mos v. 1 year?

I do not ladder yet, but I believe the point of Laddering CD's is you're always in it to get the best market rate at the time you purchase them. Personally I would do 6 month unless their is a deductions in interest rate if its a small amount. Example 10 $1,000 CDs. This might get you a reduced rate...
by Cop51
Wed Feb 14, 2018 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: Employer Sponsored ROTH IRA to non Employer ROTH IRA
Replies: 14
Views: 1138

Re: Employer Sponsored ROTH IRA to non Employer ROTH IRA

It is not a ROTH 401k. It’s through payroll deductions and is through the work place sponsored plan ICMA-RC. They sponsor our 457 plan and a Roth IRA is also an option to participate in. The money comes from payroll right into the ROTH IRA.
by Cop51
Mon Feb 12, 2018 11:20 am
Forum: Investing - Help with Personal Investments
Topic: Employer Sponsored ROTH IRA to non Employer ROTH IRA
Replies: 14
Views: 1138

Employer Sponsored ROTH IRA to non Employer ROTH IRA

A few years back I started my ROTH IRA with an employer sponsored plan with ICMA-RC. The fees are extremely high as others have stated about the company. I currently use them for my 457 plan with ICMA-RC, but would like to withdraw all the money from the ROTH IRA account and start using Vanguard ROT...
by Cop51
Fri Jul 28, 2017 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard Money Market vs. Savings Accounts
Replies: 78
Views: 21498

Re: Vanguard Money Market vs. Savings Accounts

I have used Capital one 360 Saving and Money Market account for years. Way back when the savings rate was 3.9%!. Money Market now is 1.10% on balance over 10k. I don't chase .1 or .2% on money market accounts. Pick one and stick with it.
by Cop51
Tue Jul 25, 2017 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Series 65 Volunteer Advising?
Replies: 33
Views: 2810

Re: Series 65 Volunteer Advising?

I also started looking into this process myself. I retire at a young age working in Law Enforcement and want to have a plan for my next career in retirement. With a pension, I would not need to work as an investment adviser to match or surpass the current salary I make now. The CFP is almost impossi...
by Cop51
Fri Jul 14, 2017 7:53 am
Forum: Investing - Help with Personal Investments
Topic: Invest with ICMA or not... fees/taxes question
Replies: 4
Views: 873

Re: Invest with ICMA or not... fees/taxes question

the .40% management fee is something ICMA is auto enrolling you in but you can opt out of that fee at anytime and manage your account yourself. I currently use ICMA-RC for both my 457 account, and my ROTH IRA. I have considered not using it for my ROTH IRA just because ER (expense ratios) for index ...