Search found 1460 matches

by Olemiss540
Mon Sep 28, 2020 3:30 pm
Forum: Personal Investments
Topic: 65 and going to buy a house soon ,,, use my Roth’s ?
Replies: 13
Views: 782

Re: 65 and going to buy a house soon ,,, use my Roth’s ?

These are two different decisions. 1.) What should your asset allocation be. 2.) Which accounts should your stocks and bonds be allocated. 3.) Which account should you draw down for a house purchase. What's your current asset allocation? What would you like for your asset allocation to be (anywhere ...
by Olemiss540
Mon Sep 28, 2020 3:20 pm
Forum: Personal Investments
Topic: My Company Didn't Update my 401K Contribution Amount
Replies: 14
Views: 1232

Re: My Company Didn't Update my 401K Contribution Amount

Just top it up through the end of the year. Deplete a few grand from taxable if you really have to in order to capture the tax savings from your 401k contributions. Seems like a wash to me and good thing you checked!
by Olemiss540
Mon Sep 28, 2020 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Planning - Mid 40s
Replies: 31
Views: 3252

Re: Retirement Planning - Mid 40s

I think your budget would be way too tight. Have you calculated how much health insurance will be for a family of 4? One of the potential (likely?) scenarios is that subsidies will go away, if the ACA is struck down. Can you afford another 20k to your budget in this scenario? 20k in premiums and an...
by Olemiss540
Mon Sep 28, 2020 7:30 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Planning - Mid 40s
Replies: 31
Views: 3252

Re: Retirement Planning - Mid 40s

Really all you need to do is find a job with health insurance for the next 4 or 5 years to get over the hump.

How much is your residence worth? Any shot of inheritance in your future?
by Olemiss540
Sat Sep 26, 2020 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: New job and moving next year
Replies: 4
Views: 646

Re: New job and moving next year

I would pay the minimum on student loans and begin to cash hoard. Know you will have a plenty big nest egg to payoff the student loans immediately as soon as you are settled in the new place. With 3 kids, no reason to purposefully put yourself in a position to potentially be short on cash moving to ...
by Olemiss540
Fri Sep 25, 2020 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey Home Affordability Calculator
Replies: 59
Views: 4513

Re: Dave Ramsey Home Affordability Calculator

Let's grab the most conservative home affordability metric and compare it to one of the least affordable housing markets in the West. Great job stirring the pot but you misquoted the Ramsey post tax guidance and apparently posted just to get a reaction.

Is this actionable in any way?
by Olemiss540
Thu Sep 24, 2020 11:23 am
Forum: Personal Investments
Topic: VTWAX [Roth IRA - Three-funds to Two-funds]
Replies: 10
Views: 770

Re: VTWAX

I think he should stop listening to podcast or else he will be performance chasing and his returns will suffer greatly as a result. Stick with a gameplan. As long as its simple, diversified and low cost you are better off setting the course and going on about more important business. Vanguards tota...
by Olemiss540
Thu Sep 24, 2020 9:33 am
Forum: Personal Investments
Topic: VTWAX [Roth IRA - Three-funds to Two-funds]
Replies: 10
Views: 770

Re: VTWAX

I think he should stop listening to podcast or else he will be performance chasing and his returns will suffer greatly as a result. Stick with a gameplan. As long as its simple, diversified and low cost you are better off setting the course and going on about more important business. Vanguards total...
by Olemiss540
Thu Sep 24, 2020 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Preparing for Large Sum of Money - Where to Allocate
Replies: 11
Views: 1760

Re: Preparing for Large Sum of Money - Where to Allocate

Should these funds be invested in a taxable account per asset allocation and never touched for as long as possible? It doesn't have to be both halves of this sentence. You can invest per asset allocation but also touch the money whenever you want. You will have a larger expected return if you buy s...
by Olemiss540
Tue Sep 22, 2020 8:38 am
Forum: Personal Finance (Not Investing)
Topic: In-network provider refusing service if we use insurance
Replies: 122
Views: 6512

Re: In-network provider refusing service if we use insurance

What is the point of insurance if not to negotiate rates on the consumers behalf and limit out of pocket costs to a specific cap? Having doctors accept individual billing rates but decline others is a deceptive way to try to leverage insurance where it benefits them but disregard it where it negativ...
by Olemiss540
Tue Sep 22, 2020 7:30 am
Forum: Personal Finance (Not Investing)
Topic: Physicians: Should I leave my job?
Replies: 207
Views: 15785

Re: Physicians: Should I leave my job?

In terms of bonus structure, wont that even out next year? If it's a few months behind it should normalize after the first year right? This is what the hospital tried to tell me. The answer is no, for 2 reasons: #1. If I work very hard one year and earn 12k wRVU @ $70/wRVU. Then I should get $840k....
by Olemiss540
Tue Sep 22, 2020 6:34 am
Forum: Personal Finance (Not Investing)
Topic: Physicians: Should I leave my job?
Replies: 207
Views: 15785

Re: Physicians: Should I leave my job?

Sounds like a pretty sweet gig as far as I can see. I would have a hard time leaving given your income and lifestyle. You will be FI in no time, why risk another position where you may end up working 80 hrs a week plus call?? In terms of bonus structure, wont that even out next year? If it's a few m...
by Olemiss540
Sun Sep 20, 2020 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: That Magic Number - Downpayment
Replies: 23
Views: 1824

Re: That Magic Number - Downpayment

With the little information provided, I would personally put enough down to be at least cashflow positive (based on a 20-25 yr amortization of principle if that's your retirement date) for future savings or maintenance goals. Earmark the rest for FI. Need more info on expenses, income, job stability...
by Olemiss540
Sun Sep 20, 2020 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house before a potential corporate restructure - good or bad?
Replies: 23
Views: 1511

Re: Buying a house before a potential corporate restructure - good or bad?

House hunt? I would job hunt.......

Maybe this will lead to an even more lucrative position at a company less effected by the current pandemic.
by Olemiss540
Sat Sep 19, 2020 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Aggressive SL Debt Pay down v. Not meeting other goals
Replies: 40
Views: 2164

Re: Aggressive SL Debt Pay down v. Not meeting other goals

You have a mortgage in student loans! You already put lifestyle ahead of personal finance when deciding to take out a quarter million in loans to work a position paying $80k per year and need to clean that up ASAP before you get comfortable living with a huge monthly payment for next 20 years. Focus...
by Olemiss540
Sat Sep 12, 2020 6:43 am
Forum: Personal Investments
Topic: First time really getting into investing
Replies: 9
Views: 755

Re: First time really getting into investing

I highly recommend you read 'If You Can'. https://www.etf.com/docs/IfYouCan.pdf?__cf_chl_jschl_tk__=4638666af7f30c074dc086e44a307edc0688be9a-1599879060-0-AYGHIzycvBAG1ueqj4UpGAg0-7mFL5SumjITgfb_PhChN_8--bUyrm9zRPsO2IPxqrt6DnzehGwnOYle0O65jOL-0wwkXhcKwXEnGO3mXf4dPyuOjXzdBm1aN30jSnlNegF2tQ83Hpxy7AXgx...
by Olemiss540
Sat Sep 12, 2020 6:27 am
Forum: Personal Investments
Topic: Poor performing portfolio
Replies: 71
Views: 7218

Re: Poor performing portfolio

This is the problem with tilting, it leads to behavioral mistakes due to emotional reactions caused by performance chasing.

When you ride the haystack, it's much easier to resist the urge to tinker.
by Olemiss540
Sat Sep 12, 2020 6:19 am
Forum: Personal Investments
Topic: Portfolio critique - mid 30s
Replies: 9
Views: 1940

Re: Portfolio critique - mid 30s

I'm going to reply mostly because I'm in a very similar situation (similar age, income, savings, spending, even have 29 yrs left on the mortgage) and I have similar questions, so am hoping others will chime in with input. I've tentatively decided not to pay down the mortgage aggressively because ou...
by Olemiss540
Sat Sep 12, 2020 5:49 am
Forum: Personal Finance (Not Investing)
Topic: Bet that 30-year mortgage rates are below 2.00% by July 2021
Replies: 37
Views: 3814

Re: Bet that 30-year mortgage rates are below 2.00% by July 2021

davemanjam wrote: Fri Sep 11, 2020 3:11 pm I think you will lose.
I think rates only drop a little lower.

Fun Bet. Pack a potato (in the front not the back).
Maybe a potato medley. 1 sweet and two red skin?
by Olemiss540
Sat Sep 12, 2020 5:36 am
Forum: Personal Finance (Not Investing)
Topic: Should we buy a $3M+ house with parental help?
Replies: 167
Views: 11583

Re: Should we buy a $3M+ house with parental help?

I just do not understand some people's infatuation with home ownership. The parents are sssssoooooooo concerned you are throwing away $60k per year (8% of your gross salary) that they will literally throw away 1.5 MILLION DOLLARS so that you can also live their DREAM of maintaining a $3 million doll...
by Olemiss540
Fri Sep 11, 2020 6:46 am
Forum: Personal Finance (Not Investing)
Topic: How to stop judging how other people spend/invest
Replies: 76
Views: 4801

Re: How to stop judging how other people spend/invest

TropikThunder wrote: Fri Sep 11, 2020 2:05 am
diydocwifejd wrote: Thu Sep 10, 2020 4:09 pm But I'm starting to realize I have this nasty habit of imposing my world view on others.
You’ll fit in just fine here.
Boom. Roasted.
by Olemiss540
Thu Sep 10, 2020 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: How to stop judging how other people spend/invest
Replies: 76
Views: 4801

Re: How to stop judging how other people spend/invest

I keep my nose out of other's business. If I am asked directly for advise, I stick to describing how I do things and why I do them, I never focus on how THEY do things or comment on THEIR methods. This keeps me from making assumptions on other's situations, while also keeping others from being defen...
by Olemiss540
Wed Sep 09, 2020 6:37 am
Forum: Personal Finance (Not Investing)
Topic: What % of income to spend on car?
Replies: 122
Views: 8398

Re: What % of income to spend on car?

Honestly, I would say this is the worst time to buy a car. You are living at home due to covid restrictions, most are barely traveling. I would bank as much money as you could and buy the new car in 4 or 6 month once the economy picks up and a bulk majority of folks are back to work. Crazy how cars,...
by Olemiss540
Tue Sep 08, 2020 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: House sale quandary - under contract!
Replies: 66
Views: 8612

Re: House sale quandary - got offer from neighbor before agent listed house

Heck yes I would sell it. Not having to show a house during the pandemic, along with the hassle reduction would be worth the cheap cost of a real estate attn.

Assuming they are willing to buy with no contingencies and close quickly.
by Olemiss540
Sat Sep 05, 2020 5:31 am
Forum: Personal Finance (Not Investing)
Topic: Emergency fund / taxable account funds
Replies: 17
Views: 1462

Re: Emergency fund / taxable account funds

Depends on how aggressive you are with your asset allocation. If you are conservative enough ro have a decent sized bond allocation in your 401k then you could always sell stocks from taxable for cash emergencies and then exchange the bonds in your 401k for stocks if you sold them at a depressed pri...
by Olemiss540
Wed Sep 02, 2020 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford to intentionally go backward in compensation?
Replies: 67
Views: 4997

Re: Can I afford to intentionally go backward in compensation?

Happiness is NEVER a mistake. Do what your heart tells you and you will be fine regardless of what happens given your current net worth. The less stress the more fun and the better your career can grow once you are out of that miserable basement you are living in.
by Olemiss540
Tue Sep 01, 2020 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: HELP with any advice for dealing with Paypal.
Replies: 25
Views: 1472

Re: HELP with any advice for dealing with Paypal.

Sort of sounds like theft by deception. Have you considered talking with the robbery division of the police and see what they suggest? Costs you nothing. IANAL. Retired DA here. The facts as recited by the OP would not constitute a crime in any jurisdiction that I am aware of. And even if it was a ...
by Olemiss540
Tue Sep 01, 2020 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: HELP with any advice for dealing with Paypal.
Replies: 25
Views: 1472

Re: HELP with any advice for dealing with Paypal.

AnEngineer wrote: Tue Sep 01, 2020 6:26 pm Does liquidating your PayPal account protect against this?
If you do not mind going to collections and the resulting ding on your credit report.
by Olemiss540
Tue Sep 01, 2020 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: HELP with any advice for dealing with Paypal.
Replies: 25
Views: 1472

Re: HELP with any advice for dealing with Paypal.

This should be a lesson to anyone buying/selling online. If you are selling, accept ONLY PayPal friends and family to minimize your risk of chargebacks or lies the product were never received (or were not as described). Disregard any "Protection" offered by these services brokering sales as they wil...
by Olemiss540
Tue Sep 01, 2020 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: HELP with any advice for dealing with Paypal.
Replies: 25
Views: 1472

Re: HELP with any advice for dealing with Paypal.

Sort of sounds like theft by deception. Have you considered talking with the robbery division of the police and see what they suggest? Costs you nothing. IANAL. Retired DA here. The facts as recited by the OP would not constitute a crime in any jurisdiction that I am aware of. And even if it was a ...
by Olemiss540
Tue Sep 01, 2020 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: HELP with any advice for dealing with Paypal.
Replies: 25
Views: 1472

Re: HELP with any advice for dealing with Paypal.

Have you provided the buyer with an option for pre paid return shipping? I have no experience with being a seller with a chargeback. So, I may be naive. But, if you offer to pay for return shipping and the item is not returned, I would think that would significantly strengthen your position for an ...
by Olemiss540
Mon Aug 31, 2020 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: HELP with any advice for dealing with Paypal.
Replies: 25
Views: 1472

Re: HELP with any advice for dealing with Paypal.

Clarification, this is for vehicle WHEELS, not an entire vehicle. Thanks for the responses so far. If it was a few hundred dollars I would take it as a lesson learned but 1500 dollars and no return of product gives me chest pains!

Appreciate the support boglefriends!
by Olemiss540
Mon Aug 31, 2020 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: HELP with any advice for dealing with Paypal.
Replies: 25
Views: 1472

HELP with any advice for dealing with Paypal.

I am at my wits end. I have sold some used vehicle wheels through paypal for $1500 and the "buyer" completed a chargeback with his credit card 2.5 months later. I disputed the chargeback but since it was through paypal, they were "arguing" the case on my behalf. Now that the credit card company side...
by Olemiss540
Mon Aug 31, 2020 6:30 am
Forum: Personal Finance (Not Investing)
Topic: Multiple HSA contributions
Replies: 17
Views: 1272

Re: Multiple HSA contributions

I would not contribute anything to your workplace HSA and instead contribute the maximum to fidelity or your spouse's HSA.
by Olemiss540
Sun Aug 30, 2020 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: Sell or Rent
Replies: 25
Views: 1836

Re: Sell or Rent

I would sell. Not a very good rental price IMO and the reason you are so cash flow positive is because of appreciation. Sell it ASAP. A 700k house should rent for $5k/mo IMO. Hi Olemiss540, thank you for your advice, can you elaborate on "the reason you are so cash flow positive is because of appre...
by Olemiss540
Sun Aug 30, 2020 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Sell or Rent
Replies: 25
Views: 1836

Re: Sell or Rent

I would sell. Not a very good rental price IMO and the reason you are so cash flow positive is because of appreciation. Sell it ASAP.

A 700k house should rent for $5k/mo IMO.
by Olemiss540
Sun Aug 30, 2020 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Employers - Will you comply with EO request to defer payroll tax?
Replies: 54
Views: 6663

Re: Employers - Will you comply with EE request to defer payroll tax?

It seems the best strategy for employers is to set aside the payroll tax amounts. If congress does nothing, use the funds to pay the tax. If congress eliminates the liability, send the money to the employee. Make sure you can track employees who've left the company. It seems the best strategy for f...
by Olemiss540
Sun Aug 30, 2020 8:14 am
Forum: Personal Investments
Topic: Way too much cash - Should it be in bond funds?
Replies: 77
Views: 8975

Re: Way too much cash - Should it be in bond funds?

I would not plan to "glide" to an AA "when you think it's a good time". To me that says you believe 60/40 is too risky now, so you may be better off just picking a lower risk AA and sticking with it forever. 50/50 would be perfectly fine for a life long asset allocation. Keep in mind, with your inte...
by Olemiss540
Sun Aug 30, 2020 8:01 am
Forum: Personal Investments
Topic: time to invest cash reserves?
Replies: 54
Views: 3820

Re: time to invest cash reserves?

During the last 6 months of acrimony, we have not touched our portfolio. We rode the market down and back up. The one thing we didn't do that we usually would: invest excess cash (that is, monies left over after maxing out our tax-advantaged accounts). So now, we have about $75K sitting in cash tha...
by Olemiss540
Sat Aug 29, 2020 6:57 am
Forum: Personal Finance (Not Investing)
Topic: ‘Play money’ invested by Dad growing huge - what would you do?
Replies: 99
Views: 13135

Re: ‘Play money’ invested by Dad growing huge - what would you do?

I would take the money off the table, pay the taxes, buy my dad a new car, and then put the rest into a 3 fund portfolio. This additional post tax money will speed your way to FI dramatically if it doesnt get slammed by Tesla going BK or getting cut dramatically once the majors catch up. No idea if ...
by Olemiss540
Fri Aug 28, 2020 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1884
Views: 462128

Re: Share your net worth progression

Today is a big day for me - crossed the two comma threshold. Here is my progression to this milestone - all values are end of Aug for that year. # Year Net Worth Delta Growth 12 2020 1,024,141 167,278 20% 11 2019 856,863 192,448 29% 10 2018 664,415 73,935 13% 9 2017 590,480 116,655 25% 8 2016 473,8...
by Olemiss540
Fri Aug 28, 2020 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Am I crazy? Cabin advice
Replies: 61
Views: 6460

Re: Am I crazy? Cabin advice

600k screams less "cabin" and more "lake front vaca home".

Cabin is a $150k log heated getaway with little maintenance required....
by Olemiss540
Fri Aug 28, 2020 4:36 pm
Forum: Personal Investments
Topic: How to compare performance of Vanguard vs Edward Jones accounts?
Replies: 35
Views: 2721

Re: How to compare performance of Vanguard vs Edward Jones accounts?

Many companies, like American, juice their target date funds by using a much more aggressive glide path. Of course, with a higher percentage of stocks, they are very likely to outperform a more conservative glidepath. You need to compare apples to apples, which is not the date of the target date fu...
by Olemiss540
Fri Aug 28, 2020 2:52 am
Forum: Personal Investments
Topic: How to compare performance of Vanguard vs Edward Jones accounts?
Replies: 35
Views: 2721

Re: How to compare performance of Vanguard vs Edward Jones accounts?

Many companies, like American, juice their target date funds by using a much more aggressive glide path. Of course, with a higher percentage of stocks, they are very likely to outperform a more conservative glidepath. You need to compare apples to apples, which is not the date of the target date fu...
by Olemiss540
Wed Aug 26, 2020 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: When to switch from an HSA?
Replies: 2
Views: 433

Re: When to switch from an HSA?

My wife and I have an HSA through the ACA. Our deductible is $5,500 per person with an out-of-pocket max of $6,750 per person. We are in our mid and late 50s. We have great health and take no medications of any kind...but. My hands are hurting and have had a cortisone shot in one in 2018 and the ot...
by Olemiss540
Wed Aug 26, 2020 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Is cash really king?
Replies: 35
Views: 3717

Re: Is cash really king?

Cash is still king unless you are buying something where the seller gets kickbacks from a loan provider.

Fixed!
by Olemiss540
Wed Aug 26, 2020 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Is buying a home best for me?
Replies: 13
Views: 1001

Re: Is buying a home best for me?

Worst case scenario is much worse than that IMO.

You have no idea where you will end up living unless you have already been offered a position at your current facility. Also, do not minimize the relationship impact of a family "loan" between your self and your spouse/family.
by Olemiss540
Wed Aug 26, 2020 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Is buying a home best for me?
Replies: 13
Views: 1001

Re: Is buying a home best for me?

Rent. There is no such thing as "no strings attached". You are a mid to late twenties adult, I strongly suggest you do it on your own. I love my in laws but dont want to be business partners with them.
by Olemiss540
Wed Aug 26, 2020 5:43 am
Forum: Personal Investments
Topic: As a 30 year old with extremely high risk tolerance should I even be holding bonds any more or should I go 100% stock?
Replies: 166
Views: 11782

Re: As a 30 year old with extremely high risk tolerance should I even be holding bonds any more or should I go 100% stoc

If you have 1/5 of your portfolio in cash you are not "100% stocks", but are 20% bonds. Just your bonds are the worst performing kind historically. If you sleep well with 1 yr in cash and the rest in stocks, I sleep better with a vanilla 80/20 portfolio managed by whatever goon runs the target date ...