Search found 50 matches

by Fire2030
Wed Feb 05, 2020 1:30 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 5671
Views: 484891

Re: U.S. stocks continue to soar!

I am not a big fan of percentage asset allocations for people once they reach financial independence. I think when you near that point you should start measuring risk in dollar terms. That's interesting...what's your thinking on that. Here is another thought. I you are financially independent with ...
by Fire2030
Thu Jan 23, 2020 10:39 am
Forum: US Chapters
Topic: Sad news: LadyGeek's husband has passed
Replies: 352
Views: 26563

Re: Sad news: LadyGeek's husband has passed

I am very sorry for your loss. May God give you the strength to get through this tough time.
by Fire2030
Wed Dec 11, 2019 11:09 am
Forum: Personal Investments
Topic: After-tax 401k Strategy
Replies: 14
Views: 1312

Re: After-tax 401k Strategy

Here's something to think about or ask your 401K provider as Fidelity (my 401K) provider did not take care of it. 57K = 19.5K + Employer match + After-Tax 401K When I front load my pre-tax 401k, Fidelity would stop @ 19.5K but that's not true for After-Tax, there is no limit for it other than 57K to...
by Fire2030
Mon Nov 11, 2019 5:39 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1406
Views: 190004

Re: Post your Financial Milestone Announcements Here

Hopeful wrote:
Sun Nov 10, 2019 12:07 pm
After market close on Friday, hit an investable net worth of $4 million. That has long been our RE goal, but as with all things the goal post tends to move a bit.
Congratulations! We all are guilty of moving the goal posts but when the time comes you will know , enjoy :sharebeer
by Fire2030
Wed Nov 06, 2019 11:39 am
Forum: Personal Consumer Issues
Topic: What car fits comfortably 3 adults with luggages?
Replies: 63
Views: 2623

Re: What car fits comfortably 3 adults with luggages?

Aren't you guys worried that during an accident or even a very hard brake these bags will fly free inside the cabin, injuring the passengers?! :oops: We usually carry belts for all the suitcases as the airlines handle them poorly. The two bags in the front passenger are tied together and the seats ...
by Fire2030
Wed Nov 06, 2019 11:00 am
Forum: Personal Consumer Issues
Topic: What car fits comfortably 3 adults with luggages?
Replies: 63
Views: 2623

Re: What car fits comfortably 3 adults with luggages?

We make trips every other year to South East Asia, 4 checked bags is very common. We sometimes do 6 bags :oops: In my camry (non-hybrid) , I can easily fit 4 checked bags and 2 cabin bags with one car seat, a teenager and my wife :) The trunk can take 2 checked bags fairly large suitcases and 2 cabi...
by Fire2030
Mon Nov 04, 2019 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: laddering life insurance
Replies: 22
Views: 1255

Re: laddering life insurance

you are correct. in my spreadsheet i used a target salary that i want to replace, calculated how much money i would have saved, plus investment growth, and ended up having this weird ladder thing that i have. it's an imperfect science. but basically, due to compound interest, investments grow faste...
by Fire2030
Mon Nov 04, 2019 7:35 pm
Forum: Personal Consumer Issues
Topic: Wife's car hit in a parking lot - how to deal with various issues?
Replies: 67
Views: 6084

Re: Wife's car hit in a parking lot - how to deal with various issues?

I own a 2002 Camry with 167K miles, last year I was rear ended by a teen driver. The kid called his Dad and he was the phone with me trying to pay out of pocket. It was just a bumper replacement.. estimate was $900, he did pay me, so it all got worked out. Your situation seems complicated as the 2nd...
by Fire2030
Mon Nov 04, 2019 7:19 pm
Forum: Personal Consumer Issues
Topic: Flaunt Your High-Mileage Car
Replies: 630
Views: 89761

Re: Flaunt Your High-Mileage Car

Close to 167K on my 2002 Camry, still runs like a charm but burning oil lately, need a quart about 1000 miles.

Wife's car just crossed 115K , that's a 2010 Camry Hybrid.
by Fire2030
Mon Nov 04, 2019 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: laddering life insurance
Replies: 22
Views: 1255

Re: laddering life insurance

WWJBDo wrote:
Mon Nov 04, 2019 9:27 am
..... I'm at a point now where I don't need insurance and when the last policy reaches it's term, I am done with life insurance. ....
Just curious at what point do you consider yourself self-insured... 33x or 50x expenses ?
by Fire2030
Mon Nov 04, 2019 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: laddering life insurance
Replies: 22
Views: 1255

Re: laddering life insurance

Annual income x 5.0, 10 years Annual income x 3.5, 20 years Annual income x 1.5, 30 years I am curious as to why the amounts are based on the Annual income vs Annual Expenses and time to FI. When I did this last year, I ended up with laddering based on 1st Kid getting launched and paying off the mo...
by Fire2030
Mon Oct 28, 2019 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: 15 vs 20 year term life???
Replies: 33
Views: 2523

Re: 15 vs 20 year term life???

$1300 vs $1800 a year. Also my employer provides a $1M policy as a benefit until retirement. By age 59 my daughters will be 26 & 23 y/o so by then our financial obligations should be lower. These prices seem high. I got two policies worth 1M each for 10yr and 20Yr term @ the age of 42 for $470 and ...
by Fire2030
Wed Oct 09, 2019 12:03 pm
Forum: Personal Consumer Issues
Topic: Hybrid w/CVT or Non-Hybrid 8 speed
Replies: 23
Views: 1563

Re: Hybrid w/CVT or Non-Hybrid 8 speed

My wife drives a 2010 Camry Hybrid (118K miles) that we bought new in 2009 , so far the battery is doing very well and just regular maintenance. We were concerned about the 8yr battery warranty as well. We are looking at the Highlander Hybrid 2020 to replace my 2002 Camry (160K miles) when available...
by Fire2030
Fri Sep 27, 2019 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Efficient way of transferring Euro to USD
Replies: 19
Views: 1534

Re: Efficient way of transferring Euro to USD

terran wrote:
Fri Sep 27, 2019 9:10 am
I've seen https://transferwise.com/us recommended.
+1 , I have used Transferwise for Europe and Asia. The rates have been good and the fees are nominal. Service is as quick as a wire transfer.
by Fire2030
Mon Sep 23, 2019 5:56 pm
Forum: Personal Consumer Issues
Topic: New Camry Questions
Replies: 101
Views: 6964

Re: New Camry Questions

I don't trust the push-button start systems. There's nothing wrong with just a key. A caveat on the push-button start - at least for the Mazda CX5. When the fob button battery dies (which ours do every two years), the car will not start . The spare key in the fob doesn't help - it will get you into...
by Fire2030
Fri Sep 20, 2019 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Should I see a fee-only financial advisor or keep DIY?
Replies: 20
Views: 1327

Re: Should I see a fee-based financial advisor or keep DIY?

Mainly to see if there are opportunities I am missing. BH forum is not so good for asking for "give me a whole life analysis"... For example a lot depends on one's risk tolerance, savings rate, lifestyle etc.. That's where I think someone who deals with this day in and day out can give me quick adv...
by Fire2030
Wed Aug 14, 2019 9:37 am
Forum: Personal Finance (Not Investing)
Topic: I am buying a new house soon ( first buyer ...) advice ...
Replies: 10
Views: 1885

Re: I am buying a new house soon ( first buyer ...) advice ...

Congratulations on building your home!!

Instead of comparing interest rates comparing APR from various lenders and loan options will be helpful as well.
by Fire2030
Mon Mar 25, 2019 5:12 pm
Forum: Investing - Theory, News & General
Topic: Move beyond stocks after couple mil ?
Replies: 44
Views: 6515

Re: Move beyond stocks after couple mil ?

This is an excellent thread. I was in the same camp of debating, is there more beyond the passive investing. More so because of friends who are leveraging to invest in real estate and seem to be doing well. I have no aptitude for business and dealing with people is not my forte and I am no handyman ...
by Fire2030
Fri Mar 22, 2019 9:56 am
Forum: Personal Investments
Topic: Financial Plan advice
Replies: 17
Views: 1533

Re: Financial Plan advice

Insurance/Benefits • Have $644K term life insurance on myself through employer ($54/mo premium) and good healthcare benefits. You have gotten good feedback on the retirement aspect. I have one other additional comment regarding the Life insurance. Considering that the spouse is bringing in only 5K,...
by Fire2030
Wed Feb 06, 2019 11:38 am
Forum: Personal Investments
Topic: Besides your core.. anyone also hold a play account?
Replies: 61
Views: 3695

Re: Besides your core.. anyone also hold a play account?

If you've got the time and sufficient error margin, then getting aggressive on a market downturn can make sense, but approaching retirement date, sequence of return risk is a big concern. I may not follow some of those dramatically reducing equity risk entering retirement, but I won't be increasing...
by Fire2030
Tue Feb 05, 2019 10:12 am
Forum: Personal Investments
Topic: Besides your core.. anyone also hold a play account?
Replies: 61
Views: 3695

Re: Besides your core.. anyone also hold a play account?

Now, I am waiting for another 2008 , then I can retire sooner than planned :) You're kidding, right? For that plan to work, a number of thing have to happen: Actually , I am not. Also, I don't need another 10x gain to FI. I just need 30% of my liquid asset growth to reach FI. I am currently @ 50/50...
by Fire2030
Mon Feb 04, 2019 1:30 pm
Forum: Personal Investments
Topic: Besides your core.. anyone also hold a play account?
Replies: 61
Views: 3695

Re: Besides your core.. anyone also hold a play account?

Just curious what pthers are doing.... rarely do anything but rebalance the core depending on balance bands but have a play portfolio = to about 7% of total and trade 9 or 10 times a year there. What about you? Before I discovered BH, I was/am a Buffet follower. But never had enough money to dabble...
by Fire2030
Fri Feb 01, 2019 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: How much assets to self insure (Life) ?
Replies: 15
Views: 940

Re: How much assets to self insure (Life) ?

Update After analyzing in detail, I ended up with two term life policies , 10Yr and 20Yr for 1Mil each. It took a while as they wanted to do some blood work and surprisingly everything came back clean. It's been 7 years since my last annual..that's on the list for this year :) This will ensure spous...
by Fire2030
Wed Jan 30, 2019 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: Financial goals for 2019 (specific)
Replies: 86
Views: 8807

Re: Financial goals for 2019 (specific)

JimmyD wrote:
Wed Jan 30, 2019 12:05 pm

What an accomplishment! Congratulations!
Thanks Jimmy.
by Fire2030
Wed Jan 30, 2019 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Financial goals for 2019 (specific)
Replies: 86
Views: 8807

Re: Financial goals for 2019 (specific)

My goals for 2019 1) Bring spouse up to speed on our financial life, w/o mansplaining/tears :D She has no clue if I pass away in an accident, causing me sleepless nights off late. 2) Sell vested options and pay towards mortgage 3) Stay the course on savings #1 is the hardest, we might as well be br...
by Fire2030
Thu Dec 20, 2018 10:05 am
Forum: Personal Consumer Issues
Topic: Lap top recommendation
Replies: 42
Views: 2359

Re: Lap top recommendation

I cannot recommend a specific model as it's personal preference and depends on your budget 1) CPU : Intel (i5 or i7 ) , AMD (Ryzen 5 or 7) 2) Display : 1080P 3) Screen: Size - 13" min (lighter) or 15" , touch screen is personal pref 4) 2-in-1 : i.e tablet mode and laptop mode personal pref 5) Storag...
by Fire2030
Wed Dec 19, 2018 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity free Turbotax
Replies: 701
Views: 79468

Re: Fidelity free Turbotax

How can I get to the link? I entered Fidelity netbenefits: NOT here Went to linked https://oltx.fidelity.com/ftgw/fbc/oftop/portfolio#positions: NOT here It's not on Netbenefits. It's on the Fidelity.com site. If you don't have any Fidelity accounts other than your 401k, you won't get it. Thank you...
by Fire2030
Tue Dec 18, 2018 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage and separate accounts - how does it work?
Replies: 98
Views: 5903

Re: Marriage and separate accounts - how does it work?

getthatmarshmallow wrote:
Tue Dec 18, 2018 3:32 pm

I agree. The important part seems to me to be whether the couple is on the same page with goals and preferences. Beyond that, it's just accounting.
Very well summarized, couldn't agree more :sharebeer
by Fire2030
Tue Dec 18, 2018 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage and separate accounts - how does it work?
Replies: 98
Views: 5903

Re: Marriage and separate accounts - how does it work?

My questions are: How do you deal with cases where you want to do something expensive (like costs thousands of dollars, not the hundred dollar pocket money you get can cover) and your spouse doesn't? For example: 1. I took my mother on a ten day vacation which costed me say $5000. There is no way $...
by Fire2030
Tue Dec 18, 2018 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage and separate accounts - how does it work?
Replies: 98
Views: 5903

Re: Marriage and separate accounts - how does it work?

It's hard for me to wrap my head around keeping finances separate , joint/sep checking a/c is a small piece of the puzzle. I have never explored this or have the need to, I am already trying to reduce what we have and streamline. Some of things that concern me..but I am sure you guys have figured it...
by Fire2030
Tue Dec 18, 2018 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage and separate accounts - how does it work?
Replies: 98
Views: 5903

Re: Marriage and separate accounts - how does it work?

Right. We have his/hers/ours and by now 99.99% of our money is in the ours account. That said, my husband couldn't tell you on a bet what our monthly expenses are, in aggregate or individually. He also has no idea how much is in the house savings account, what we pay annually for expenses such as p...
by Fire2030
Thu Dec 13, 2018 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 309
Views: 25097

Re: What percentage of your net worth is your home equity?

Is it about time for LadyGeek to step in or I could stop reading the thread :oops:
by Fire2030
Tue Dec 11, 2018 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 309
Views: 25097

Re: What percentage of your net worth is your home equity?

This is an interesting thread indeed. We recently did our Estate Planning and the attorney's worksheet included a networth calculation. Networth = Assets - Liabilites Whether it's useful or not that's how the term is defined. This was the first time we actually counted the value of jewellery my wife...
by Fire2030
Mon Dec 10, 2018 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Wills, Estates and Trusts
Replies: 28
Views: 2873

Re: Wills, Estates and Trusts

Anybody else have fee estimates of what they paid? I’d love to know what others are paying out there. I need to get ours updated in a major way. We paid thru the company legal plan which covered it but the Attorney charges $1000/-. Practice is a single person in CO Springs, she moved from FL recent...
by Fire2030
Tue Nov 27, 2018 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Financial goals for 2019 (specific)
Replies: 86
Views: 8807

Re: Financial goals for 2019 (specific)

My goals for 2019 1) Bring spouse up to speed on our financial life, w/o mansplaining/tears :D She has no clue if I pass away in an accident, causing me sleepless nights off late. 2) Sell vested options and pay towards mortgage 3) Stay the course on savings #1 is the hardest, we might as well be bro...
by Fire2030
Fri Oct 12, 2018 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: How much assets to self insure (Life) ?
Replies: 15
Views: 940

Re: How much assets to self insure (Life) ?

Be sure to have new insurance in place before dropping old. At your probable income I doubt 750 is very noticeable, but coverage if you die could be valuable. Not sure if it would save much to get half for 10 and half for 20 years. Yes, I agree $750 for next 20 yrs ($15K) won't be a big deal but wa...
by Fire2030
Fri Oct 12, 2018 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: How much assets to self insure (Life) ?
Replies: 15
Views: 940

Re: How much assets to self insure (Life) ?

Its hard to say without knowing the value of your assets. 24 x AnnualExpenses is probably enough to provide for a 3 and 12 year old (minus college since you have that mostly covered separately by 529s) into adulthood unless you are keeping your expenses very low at the moment. Remember to factor in...
by Fire2030
Fri Oct 12, 2018 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: How much assets to self insure (Life) ?
Replies: 15
Views: 940

Re: How much assets to self insure (Life) ?

When coming up with a number for myself, I multiplied my annual income (plus 5%/year which is my typical annual raise) by the number of years I thought my family would need my income (until my kids were out of undergrad school) then subtracted the social security survivor benefits I anticipated the...
by Fire2030
Fri Oct 12, 2018 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: How much assets to self insure (Life) ?
Replies: 15
Views: 940

Re: How much assets to self insure (Life) ?

Thanks for the replies. Added the missing info to the original post - STD and LTD covered by employer (60% of pay) - Age 42 and 40 (Spouse) I pay about $700/- (per year) thru my employer for Term life policy that is 1Mil in value. Looking at (term4sale), I can get a similar Term Life insurance for $...
by Fire2030
Fri Oct 12, 2018 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: How much assets to self insure (Life) ?
Replies: 15
Views: 940

How much assets to self insure (Life) ?

It's that time of year again, signup for benefits. I am thinking of dropping extra life insurance (~ 1Mil) that I usually signup for and self insure. I am not sure if there is a formula for how much asset we need to have to self insure. Here's more info - Age (Self 42/ Spouse 40) - Dependents - 2 Ki...
by Fire2030
Mon Nov 13, 2017 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Metlaw - Hyatt Legal
Replies: 5
Views: 1371

Re: Metlaw - Hyatt Legal

My company also provides this service and this year I signed up to take care of "Will, POA, Health Care Directive". These are fully covered under the plan. I checked with few of my colleagues who used the service and they seemed happy with the lawyers under the plan. Some of them setup trusts as wel...
by Fire2030
Sun Nov 12, 2017 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Paying off Home mortgage, partner doubts?
Replies: 40
Views: 4058

Re: Paying off Home mortgage, partner doubts?

I wish my wife will be open to such discussions :happy I have been debating this question for a while too and the following helped me decide. 1. Keep 1 yrs worth of expenses in cash or equivalent 2. What % of net worth will be tied up in real estate once mortgage is paid off? 3. What will be the inv...
by Fire2030
Wed Oct 25, 2017 8:38 am
Forum: Investing - Theory, News & General
Topic: Observation on Edward Jones
Replies: 27
Views: 7375

Re: Observation on Edward Jones

I am not a proponent of EJ but they do seem to keep their employees happy unlike Big Blue. I see them consistently appear on Fortune list of 100 best employers, usually in the Top 10 too. It might be at the expense of their customers though. :oops: Big Blue, as in IBM? Yes, now I am an Ex-IBMer aft...
by Fire2030
Tue Oct 24, 2017 11:21 am
Forum: Investing - Theory, News & General
Topic: Observation on Edward Jones
Replies: 27
Views: 7375

Re: Observation on Edward Jones

I am not a proponent of EJ but they do seem to keep their employees happy unlike Big Blue. I see them consistently appear on Fortune list of 100 best employers, usually in the Top 10 too.

It might be at the expense of their customers though. :oops:
by Fire2030
Thu Oct 05, 2017 1:20 pm
Forum: Personal Investments
Topic: Millionaire Next Door (Thank you Bogleheads)
Replies: 81
Views: 14759

Re: Millionaire Next Door (Thank you Bogleheads)

Congratulations !!

Great story , your mum will be proud !! :sharebeer
by Fire2030
Wed Sep 27, 2017 8:30 am
Forum: Personal Finance (Not Investing)
Topic: My boneheaded financial mistakes
Replies: 132
Views: 23205

Re: My boneheaded financial mistakes

mancich wrote:
Wed Sep 27, 2017 4:04 am
Tried to time the market more than once. hint: it doesn't work :beer
+1 :oops:
by Fire2030
Mon Sep 25, 2017 3:16 pm
Forum: Personal Consumer Issues
Topic: Lifestyle Creep
Replies: 142
Views: 15993

Re: Lifestyle Creep

After resisting for a long time, we now have regular cleaning service and joined Lifetime in lieu of Y.

Adjusted the budget accordingly :mrgreen:

Our Camry's are now 15Yr & 8Yr old...when a major repair pops up on the 15 yr old...will resist to join the SUV club.
by Fire2030
Sat Sep 16, 2017 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: Let's talk about your FI # and family income [Financial Independence]
Replies: 183
Views: 24679

Re: Let's talk about your FI # and family income

Household Income : 250K (up for the last 2 yrs.. hope it stays there for a while :D )
FI# : 2.5M + 320K (2017 $ in 529) (Target Age : 50 )
Retire : 4.0M (Hoping for 60 if not sooner.. depends on Healthcare :) )
by Fire2030
Fri Sep 15, 2017 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Personal Milestone-this is the only place to share
Replies: 21
Views: 3043

Re: Personal Milestone-this is the only place to share

Congratulations!! posts like these are important and keeps me going for my goals :sharebeer
by Fire2030
Thu Jul 20, 2017 2:48 pm
Forum: Personal Investments
Topic: Paid off the Mortgage!
Replies: 80
Views: 9747

Re: Paid off the Mortgage!

Congratulations!!

I would like to get there soon for the SWAN factor but still trying to figure out how much of the Networth should be tied up in the house.

If you don't mind sharing, what is the Home value to Networth ratio ? New BH and trying to learn :happy