Search found 15 matches

by Fire2030
Fri Oct 12, 2018 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: How much assets to self insure (Life) ?
Replies: 14
Views: 615

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: 14
Views: 615

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: 14
Views: 615

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: 14
Views: 615

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: 14
Views: 615

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: 846

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: 3574

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: 6935

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: 6935

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: Investing - Help with Personal Investments
Topic: Millionaire Next Door (Thank you Bogleheads)
Replies: 81
Views: 13608

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: 21212

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: 14261

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: 23075

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: 2866

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: Investing - Help with Personal Investments
Topic: Paid off the Mortgage!
Replies: 73
Views: 7059

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