Search found 233 matches

by Olemiss540
Mon Dec 18, 2017 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Considering a Job Change
Replies: 16
Views: 486

Re: Considering a Job Change

I would say NO WAY am I giving up a job that pays 320k per year unless they pry it out of my cold dead hands. Holy cripes. The fact that you would consider it for ANY REASON prior to being FI is crazy in my mind. Nothing in your OP has the sound of desperateness or health concerns, and if nothing el...
by Olemiss540
Mon Dec 18, 2017 11:43 am
Forum: Personal Finance (Not Investing)
Topic: House purchase considerations
Replies: 4
Views: 360

Re: House purchase considerations

At 38, it would seem your crew is in pretty good shape! I would strongly suggest renting for a year to get a great feel for the area and to save a little more cash up. I would try to get the downpayment up or purchase price down a little as it seems 50% of net pay on PITI would be tighter than I per...
by Olemiss540
Mon Dec 18, 2017 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Looking for ideas on what to do next with saving
Replies: 2
Views: 218

Re: Looking for ideas on what to do next with saving

Can you give us a better idea of your yearly expenses (total) and income? How much money are you planning to have in 2018 after expenses are accounted for? Size of retirement accounts and emergency fund? Are you sure with your income and access to 403b that you are eligible for traditional IRA contr...
by Olemiss540
Mon Dec 18, 2017 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Why You Took an Adjustable Rate Mortgage?
Replies: 36
Views: 2038

Re: Why You Took an Adjustable Rate Mortgage?

There was a Fed study back before the 2008 crisis. Covered 20 years of real world mortgages. 9 times out of 10 people did better by going the adjustable rate mortgage. Adjustable rate mortgages have a lower initial rate and over the life of the loan you win with that lower rate. It is a risk that r...
by Olemiss540
Sun Dec 17, 2017 7:48 am
Forum: Investing - Help with Personal Investments
Topic: Taxable vs. Tax Deferred - not much difference?
Replies: 41
Views: 2636

Re: Taxable vs. Tax Deferred - not much difference?

What is your marginal tax bracket? What tax bracket to you plan to be in when you retire? The nice thing about 401k (and other deferred vehicles) is that they reduce your taxes at your marginal rate. So if you are in the 33% bracket, You are saving $330 in taxes for each $1000 you invest as long as...
by Olemiss540
Fri Dec 15, 2017 6:36 pm
Forum: Investing - Help with Personal Investments
Topic: 28 Years Old: In the current market, what % into bonds?
Replies: 56
Views: 3206

Re: 28 Years Old: In the current market, what % into bonds?

33, and currently 90/10. Target date funds set on AUTOPILOT. The less I tinker, the more i seem to have in my account so no plans to mess with it until my portfolio hits 750k or so.
by Olemiss540
Fri Dec 15, 2017 1:23 pm
Forum: Investing - Help with Personal Investments
Topic: going to cash w present instability
Replies: 48
Views: 6901

Re: going to cash w present instability

I am guessing the OP is happy worth his/her decision from this Feb post as the markets have been kind to those that have stayed the course. Any update OP?
by Olemiss540
Thu Dec 14, 2017 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: We had a pretty successful 2017
Replies: 15
Views: 1971

Re: We had a pretty successful 2017

Fantastic job! What gross is this coming out of? Marginal tax rate? Why prioritize RIRA over 403 (b)? Due to upcoming pensions? How much debt load is remaining to payoff? Obviously just trying to see what your overall picture is, but feel free to ignore if you would rather not share. Approximately ...
by Olemiss540
Thu Dec 14, 2017 10:26 am
Forum: Personal Finance (Not Investing)
Topic: We had a pretty successful 2017
Replies: 15
Views: 1971

Re: We had a pretty successful 2017

Fantastic job! What gross is this coming out of? Marginal tax rate? Why prioritize RIRA over 403 (b)? Due to upcoming pensions?

How much debt load is remaining to payoff? Obviously just trying to see what your overall picture is, but feel free to ignore if you would rather not share.
by Olemiss540
Wed Dec 13, 2017 6:28 pm
Forum: Personal Consumer Issues
Topic: Who is Right Me or Spouse
Replies: 51
Views: 2981

Re: WHO IS RIGHT ME or SPOUSE

I say you open a 529 in your grandson's name with $200, put a little pressure on them to start having great grandkids!
by Olemiss540
Wed Dec 13, 2017 9:48 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio review - rental properties
Replies: 11
Views: 1522

Re: Portfolio review - rental properties

There is really no need for a 12mo emergency fund when you are soon to have 2 incomes and a sizeable taxable account. I would go to a 6mo ER fund, payoff the student loans AND the car loan just to make immediate cash flow improvements, continue to MAX all tax advantaged space moving forward EVERY YE...
by Olemiss540
Tue Dec 12, 2017 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: What are your big-picture ‘rules of life’ —financial or otherwise?
Replies: 101
Views: 8939

Re: What are your big-picture ‘rules of life’ —financial or otherwise?

And for those of you who have pointed out that our moves might be hard on our daughter, thank you but I think that should be obvious. I will say that's your confirmation bias then. As I noted my parents (and their kids) moved a lot when the kids were growing up. I did not consider it hard on my sib...
by Olemiss540
Tue Dec 12, 2017 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Conflicting goals, and limited income
Replies: 25
Views: 2296

Re: Conflicting goals, and limited income

Keep in mind that compound interest is your BEST FRIEND. You need to prioritize your retirement savings before the house for a few reasons: The earlier you get started and the larger amount you get into your TSP while young, will allow compounded growth for the next 35 years. Once your retirement ne...
by Olemiss540
Mon Dec 11, 2017 9:42 pm
Forum: Investing - Help with Personal Investments
Topic: Home Mortgage vs Bonds
Replies: 13
Views: 1050

Re: Home Mortgage vs Bonds

The question is will you have the ability to leave your investments alone? Set it and forget it? You need to get to a balanced stock/bond mixture, dollar cost average throughout your career, and stay the course. Proven to work, and focus your energy on the startup. 60/40 until your retirement date, ...
by Olemiss540
Mon Dec 11, 2017 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: How much house can I afford? (First Home)
Replies: 27
Views: 2309

Re: How much house can I afford? (First Home)

Was there an error in the original post? Seems awfully hard to believe you saved $200k, all while maxing out your 401k/IRA on a $60k/yr net? Not knocking ya (amazing job btw), just wanted to make sure this wasn't a typo of some sort. I also would NOT buy a house with your income. Not enough wiggle r...
by Olemiss540
Sun Dec 10, 2017 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to live on one income?
Replies: 70
Views: 5567

Re: Can we afford to live on one income?

What Watty said +1. Continue maxing all tax advantaged space while spending down the taxable account if needed. You guys really stretched on the house considering this life decision was probably in the works, but you will just have to pay for it with reduced vacations, eating out, etc. If it doesn't...
by Olemiss540
Sun Dec 10, 2017 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: Home Affordability
Replies: 6
Views: 732

Re: Home Affordability

Keep in mind that at 500k, your property taxes will be near what your entire current mortgage is. Normal "rule of thumbs" don't factor IL/NJ 2.5% property taxes. A little less income, but in similar situation and home state as you has me considering 280k mortgage max (or moving to Florida).... Curre...
by Olemiss540
Sun Dec 10, 2017 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: What are your big-picture ‘rules of life’ —financial or otherwise?
Replies: 101
Views: 8939

Re: What are your big-picture ‘rules of life’ —financial or otherwise?

I tend to think of happiness as contentment in the fact unhappiness always seems to come through some comparison; of another place, another time, or another person. Taylor posted a beautiful poem that mentioned this linked above. I try to remain grounded in the moment as much as possible to maintain...
by Olemiss540
Sat Dec 09, 2017 2:34 pm
Forum: Investing - Help with Personal Investments
Topic: Suddenly have money! Now what?
Replies: 8
Views: 1929

Re: Suddenly have money! Now what?

Okay, sounds like the consensus is I’m getting ahead of myself and should max out the Roths in January but keep things static until baby arrives. Post-baby, assuming no unexpected chaos, would the logical next steps be 1) keep Roths maxed out, 2) contribute to 457(b), then 3) consider investing wit...
by Olemiss540
Fri Dec 08, 2017 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Why am I still scared ? Is it actually normal ?
Replies: 81
Views: 13183

Re: Why am I still scared ? Is it actually normal ?

Didn’t read every post, but if you have a propensity toward anxiety that isn’t going to change once you accumulate money. It may actually increase. My retired and aging parents have way more than they will ever need but they still are very frugal and my mom even suffers some anxiety over money. Gro...
by Olemiss540
Thu Dec 07, 2017 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: End of year Review
Replies: 3
Views: 811

Re: End of year Review

I say you are kicking tail! Nothing to add but keep up the good work.
by Olemiss540
Wed Dec 06, 2017 6:06 pm
Forum: Investing - Help with Personal Investments
Topic: 112K pension- need help w/the rest
Replies: 26
Views: 2408

Re: 112K pension- need help w/the rest

Hello, I'm new. I have a great annual pension but, how about the rest of my plan. I'll treat the annual pension payout I am currently receiving ($112k) as a safe bond type portfolio. The rest of my proposed IRA as follows: 80% fidelity total stock index and 20% fidelity international index. I have ...
by Olemiss540
Wed Dec 06, 2017 5:49 pm
Forum: Investing - Help with Personal Investments
Topic: Will I make it? (Another "evaluate my financials" post..)
Replies: 19
Views: 1434

Re: Will I make it? (Another "evaluate my financials" post..)

This is 18K to 24K of your money over the next 5 years = 90K to 120K of your money. It is a significant amount of your money. IMHO, this is a big mistake no matter whether you choose to buy a house in 5 years. KlangFool Interesting thought, but I crunched some numbers.. Saving $18K/yr in a 1.25% sa...
by Olemiss540
Mon Dec 04, 2017 1:52 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review Request
Replies: 12
Views: 1169

Re: Portfolio Review Request

Personally, I think you need to be maxing ALL available 401k/Roth IRA/ HSA space prior to taxable investing. No sense in not taking full advantage of these programs.
by Olemiss540
Fri Dec 01, 2017 8:34 am
Forum: Investing - Help with Personal Investments
Topic: retirement strategy
Replies: 24
Views: 2674

Re: retirement strategy

I would stick to a 50/50 allocation and never think about it again (aside from yearly rebalancing). Keep it simple and with your withdrawal rate you will find that dividends and interest will handle most off your income needs forever.
by Olemiss540
Thu Nov 30, 2017 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Lost my job; use part of emergency fund to pay down HELOC?
Replies: 20
Views: 1809

Re: Lost my job; use part of emergency fund to pay down HELOC?

Keep the cash until you are employed again. High leverage, unemployment and under employment are a tough mix at 40 and after. Once you are out of the emergency scenario I would re-visit the debt level and associated risk/return. Good luck on the job hunt. This.... Why in the world would you be worr...
by Olemiss540
Thu Nov 30, 2017 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: I Can "Afford" This Right? (New Car)
Replies: 60
Views: 4647

Re: I Can "Afford" This Right? (New Car)

32, single, the right answer is a 2014 911 carrera CPO. Get it and be done, and go back to a normal 45k SUV in a few years when you have kids, and save the 911 for weekends. Sell the 911 in 20 years for the same price you are buying it for (not inflation adjusted). Always be that guy with the cool ...
by Olemiss540
Thu Nov 30, 2017 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: I Can "Afford" This Right? (New Car)
Replies: 60
Views: 4647

Re: I Can "Afford" This Right? (New Car)

I'm currently driving a Fiesta ST. Great, fun, little car. I plan to keep it and have both. Before buying the Fiesta ST last year, I had a SVT Focus for 12 years. Life events over next 10 years...marriage is almost a certainty. Kids are a question mark. I doubt I'd be keeping the RC F for more than...
by Olemiss540
Thu Nov 30, 2017 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: I Can "Afford" This Right? (New Car)
Replies: 60
Views: 4647

Re: I Can "Afford" This Right? (New Car)

Rifampin wrote:
Thu Nov 30, 2017 2:14 pm
I would recommend a used IS-F. Great reliability with that awesome 5.0 V8. Can be had for 25-35k depending on mileage.

Since you seem to like Ford why not a used GT350. Hello flat plane crank. :D
Gt350R! Goodbye air conditioning hello Johnny law!
by Olemiss540
Thu Nov 30, 2017 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: How much home can we afford?
Replies: 29
Views: 1706

Re: How much home can we afford?

I'm about the same age as you, and don't think you need a house immediately upon having a baby. You have a few years until you need to move into a school district. It also seems that you have had a high savings rate in your renting situation. Secondly, the premise of the question seems to imply tha...
by Olemiss540
Thu Nov 30, 2017 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: I Can "Afford" This Right? (New Car)
Replies: 60
Views: 4647

Re: I Can "Afford" This Right? (New Car)

Sure, you can afford it, just don't do it every 3 or 4 years.... What are you driving now? Have you test driven multiple cars in its segment? Could get a great condition e92 m3 sedan for 30k...... I find the hunt much more fun than the OWN. Also consider buying a toy (second vehicle) and having a re...
by Olemiss540
Thu Nov 30, 2017 8:17 am
Forum: Personal Finance (Not Investing)
Topic: For a Friend: Keep beach home or sell? How to invest the rest.
Replies: 9
Views: 993

Re: For a Friend: Keep beach home or sell? How to invest the rest.

What are their yearly expenses including both homes? Back of the napkin a $5Mil nest egg invested in a 60/40 index portfolio should allow for $180k or so retirement income. This would have to pay for all expenses including taxes and healthcare (which won't be cheap). $6Mil would cover approximately ...
by Olemiss540
Thu Nov 30, 2017 8:03 am
Forum: Personal Finance (Not Investing)
Topic: How much home can we afford?
Replies: 29
Views: 1706

Re: How much home can we afford?

I think for now that you are best planning using the 3x rule based solely on your spouse's income. An explanation of why: You are doing AWESOME on accumulation for your age, so you have afforded some flexibility on your options in the next year or two You need to feel out how the bonus structure is ...
by Olemiss540
Wed Nov 29, 2017 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Advice on best approach to deleveraging...
Replies: 6
Views: 748

Re: Advice on best approach to deleveraging...

I wouldn't pay off either mortgage. I would put any available cash into equities where you can reasonably expect a CAGR in the 6-10% range and enjoy the fruits of taking the risk and reaping the "risk premium". Sure, there are going to be years where the return is not as good, but if you have the f...
by Olemiss540
Tue Nov 28, 2017 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE [financial independence/retire early]
Replies: 138
Views: 13100

Re: FIRE [financial independence/retire early]

A ton of blogs on FI now because of the 10 year bull run. They rarely talk about health insurance. When the bear market hits I wonder how many of those blogs will stick around. I wonder the same thing. I think it is more the blog market will saturate. MMM makes serious bank (300k+). RootOfGood is m...
by Olemiss540
Tue Nov 28, 2017 7:35 pm
Forum: Investing - Help with Personal Investments
Topic: Another House Affordability Question
Replies: 18
Views: 1463

Re: Another House Affordability Question

U guys have a phenomenal savings rate with that income (or was there a windfall)! I say you are really close to being able to pull it off, but I would recommend putting your investments AND cash to bring the mortgage down to the 350k range. With your savings rate and the home purchase out of the way...
by Olemiss540
Tue Nov 28, 2017 9:17 am
Forum: Investing - Help with Personal Investments
Topic: Inheriting a large sum, slightly intimidated.
Replies: 51
Views: 5160

Re: Inheriting a large sum, slightly intimidated.

You are getting alot of GREAT advice, but you would benefit from describing what your goals are with this money and what types of assets you are inheriting. This is not a place to advocate early retirement, but is that a strong consideration? Seems possible you could walk away today and begin a whol...
by Olemiss540
Sun Nov 26, 2017 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Let Go by MegaCorp - Lots of options
Replies: 40
Views: 3475

Re: Let Go by MegaCorp - Lots of options

Assuming you would still get severance package with option 3, I would say that is a no-brainer if not to give you additional funding while looking for the perfect part time gig. With your pension and nest egg plus social security, I would be VERY tempted to retire and enjoy the last few years of the...
by Olemiss540
Sun Nov 26, 2017 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Help my kids pick a charitable cause
Replies: 19
Views: 766

Re: Help my kids pick a charitable cause

What about looking for something in your community that you can do with them, not just take them to, so they can see the action directly modeled as well? Food banks and pantries might be a place to look; that doesn't necessarily mean that they'll be face to face with the people receiving the benefi...
by Olemiss540
Sun Nov 26, 2017 8:49 am
Forum: Investing - Help with Personal Investments
Topic: Didn't buy Bitcoin at $4600
Replies: 138
Views: 10779

Re: Didn't buy Bitcoin at $4600

There is some REAL money to be made on a craps table. That is my problem speculating on anything, hindsight always plays a demotivating and demoralizing factor in my emotional state. What if I would have had 10k on the table during that last roll? What if I would have sat out that weird guys roll in...
by Olemiss540
Sun Nov 26, 2017 7:44 am
Forum: Personal Finance (Not Investing)
Topic: Enough to retire???
Replies: 22
Views: 3373

Re: Enough to retire???

Important questions to consider: Is that wiggle room in your $6k expenses as a protection in case of a market correction in the first couple of years? Do you/spouse have any marketable skills that could easily translate into part time work in worse case scenarios? Do you have untapped home equity in...
by Olemiss540
Sun Nov 26, 2017 7:20 am
Forum: Personal Finance (Not Investing)
Topic: Too much house, right?
Replies: 88
Views: 8134

Re: Too much house, right?

I say to wait. Financial stress can cause havoc in personal relationships around the house and with tour current nest egg, I say you need to buckle down for a few more years. I am in a similar situation and doing my best to enjoy our undersized house as long as possible to be able to loan <2x income...
by Olemiss540
Sun Nov 26, 2017 7:12 am
Forum: Personal Finance (Not Investing)
Topic: First Mortgage Payment - WWBHD? [What Would a BogleHead Do]
Replies: 15
Views: 1510

Re: First Mortgage Payment - WWBHD? [What Would a BogleHead Do]

Are you maxing your 401k? It wasn't clear in your original post.
by Olemiss540
Sat Nov 25, 2017 7:03 am
Forum: Personal Finance (Not Investing)
Topic: Seeking Advice on Business Credit Cards
Replies: 2
Views: 299

Re: Seeking Advice on Business Credit Cards

Yes, go with the Chase product line and get the Chase Saffire and Ink Preferred. The ink has the best signup bonus going right now with 80000 points, and I find their point system to be incredibly flexible and valuable!
by Olemiss540
Thu Nov 23, 2017 8:57 am
Forum: Investing - Help with Personal Investments
Topic: Bonds v. Mortgage Payoff
Replies: 21
Views: 2073

Re: Bonds v. Mortgage Payoff

Never understood why anyone would borrow at 3.75% and simultaneously lend some stranger at 1.x% (bonds). I assume you have sorted out all your taxation side. Your paid off home is a solid investment. With reasonable luck it'll keep up with inflation plus a bit. With a HELOC it is also ready cash. I...
by Olemiss540
Tue Nov 21, 2017 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Help DW gets fired, but then next day her boss offers her job back
Replies: 156
Views: 12152

Re: Help DW gets fired, but then next day her boss offers her job back

Take the job! Then immediately go about finding a replacement ASAP so she can go on to something more stable. She should do exactly what she was going to do in the job search process and make it her second job to find a replacement for her first..
by Olemiss540
Sun Nov 19, 2017 4:37 pm
Forum: Investing - Help with Personal Investments
Topic: Resident needs help with new moonlighting money
Replies: 5
Views: 612

Re: Resident needs help with new moonlighting money

Put it in your 911 fund, Porsches are expensive and 5k won't even buy you a spare rotor for a GT3. Hehe... . Seriously, I would put it aside in a cash like investment (CD, Hogh Yield Savings) until you are out of residency, have the loans refinanced, and hired/ settled at your final destination. You...
by Olemiss540
Fri Nov 17, 2017 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Retire at FRA of 66, or delay for one year?
Replies: 10
Views: 916

Re: Retire at FRA of 66, or delay for one year?

The largest variable in determining your ability to retire and/or the need to delay are your true expenses. Since that number is the key to your answer and it does not exist in your post it will be very hard to get good feedback. Also, estimated Social Security payment at both FRA and if you delay ...
by Olemiss540
Fri Nov 17, 2017 8:33 am
Forum: Personal Finance (Not Investing)
Topic: To buy or not to buy...house buying question (budget)
Replies: 17
Views: 1807

Re: To buy or not to buy...house buying question (budget)

I would think a house under 700k would be well within your budget, so I say go for it. You are extremely behind, but once settled in your house can really try to trim down the student loans. Consider just paying minimums on the student loans until your house purchase is wrapped up and the baby is ho...
by Olemiss540
Thu Nov 16, 2017 8:17 pm
Forum: Investing - Help with Personal Investments
Topic: Give me assurance
Replies: 14
Views: 1850

Re: Give me assurance

Recently went through and re-did my 401k. I have only had this since May '17, so I am trying to do all the research that I can so I can set it and forget it for at least 5 years (re-balance every year). I started with VSCGX (life strategy growth) 100% I then converted it to 80% VTSAX (total market ...