Search found 1115 matches

by Olemiss540
Mon Nov 18, 2019 10:41 am
Forum: Personal Investments
Topic: Why do you have to "beat the market"?
Replies: 97
Views: 6030

Re: Why do you have to "beat the market"?

I'm happy to take what the market gives. Not many people can consistently beat the market. This. I didn’t beat the market with fancy active funds which had smart , educated managers. How can I beat the market. The accounts where I have had low cost index funds have done mychbetter than other accoun...
by Olemiss540
Mon Nov 18, 2019 9:16 am
Forum: Personal Finance (Not Investing)
Topic: At What Point Did You Realize You Made It?
Replies: 48
Views: 7178

Re: At What Point Did You Realize You Made It?

Next week you networth could easily be $150k lower. You (and I) have been through a HISTORICAL bull market so we are all feeling pretty great with regards to investment growth, but there is a risk sure to hit eventually if past is any indication of the future. Just be mentally prepared to hold onto ...
by Olemiss540
Fri Nov 15, 2019 1:43 pm
Forum: Personal Investments
Topic: Roast my investing strategy. (Help me FIRE)
Replies: 31
Views: 3356

Re: Roast my investing strategy. (Help me FIRE)

I would not hesitate to FIRE if that was your dream under the one assumption that you sell the house. At 3% WD rate, that nears around 75k after owning a house free and clear which is WELL above the national household average. You will be easily able to get free (or greatly reduced) healthcare on th...
by Olemiss540
Thu Nov 14, 2019 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: Disturbing experience with Ally Bank
Replies: 89
Views: 10114

Re: Disturbing experience with Ally Bank

Ally is one of the few banks that still swallows your money in a black hole for a few days with their "standard" ACH transfer. Most banks do not do this anymore. It has been reported that to enable next-day ACH with Ally, you need to have made a transfer of at least $250 in the direction you want, ...
by Olemiss540
Thu Nov 14, 2019 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: Disturbing experience with Ally Bank
Replies: 89
Views: 10114

Re: Disturbing experience with Ally Bank

I just did a pull from Alley to my Marcus account yesterday for $25k. I was surprised when they told me it would take three days instead of one day to pull that amount. The transfer will not be complete until Monday, the 18th even though the Marcus account shows today that the $25k has been debited...
by Olemiss540
Thu Nov 14, 2019 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Equal Inheritance for Children
Replies: 77
Views: 7374

Re: Equal Inheritance for Children

If you "cant afford" to give both children 15k per year, how are you sure there will be sufficient money left upon your demise to ensure this equality you seek?... The OP may have substantial non-liquid assets, like the house/property/mansion/estate/farm that he/she lives in. Upon the OP's passing ...
by Olemiss540
Thu Nov 14, 2019 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Employer requesting increased travel
Replies: 36
Views: 2960

Re: Employer requesting increased travel

The new culture in jobs, is "you can't ask me to do that", not " yes, sir". Adjust for the travel and either suck it up or look elsewhere. My SIL travels to multiple cities 2-4 days a week, almost every week. He has made VP in 4 yrs with a major company. My Daughter works fulltime, and they have a ...
by Olemiss540
Thu Nov 14, 2019 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Equal Inheritance for Children
Replies: 77
Views: 7374

Re: Equal Inheritance for Children

If you "cant afford" to give both children 15k per year, how are you sure there will be sufficient money left upon your demise to ensure this equality you seek? I would give both children 7.5k per year each if I couldn't afford to give them both 15k per year each. Money is a nasty thing when it come...
by Olemiss540
Wed Nov 13, 2019 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Employer requesting increased travel
Replies: 36
Views: 2960

Re: Employer requesting increased travel

I've never understood the travel that is done by some people considering all of the other communications means possible. We had guys traveling daily for meetings which could easily been done by phone or video conferences. It is like some managers just can't let go of old methods. Similar to manager...
by Olemiss540
Wed Nov 13, 2019 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA guidance
Replies: 9
Views: 797

Re: Roth IRA guidance

39% marginal rate would prompt me to taking advantage of ANY pretax opportunities available including 401k, HSA, etc.
by Olemiss540
Wed Nov 13, 2019 8:12 am
Forum: Personal Investments
Topic: New member, and advice seeker..
Replies: 15
Views: 1381

Re: New member, and advice seeker..

Testing the waters" with 22k sure sounds more like gambling or speculation. "Testing the waters", and talking about picking high risk funds, was not a realistic way to look at investing. As you can see, I took a more conservative initial route, with a 60/40, and cash AA. The $22K was just sitting i...
by Olemiss540
Tue Nov 12, 2019 7:54 pm
Forum: Personal Investments
Topic: New member, and advice seeker..
Replies: 15
Views: 1381

Re: New member, and advice seeker..

Bankroll, Stick around and keep reading. You need to get comfortable enough that if the market drops 30% next month, you still know you made a good decision with your nest egg. Staying diverse and splitting your available funds into equities and bonds will ensure a long term course that will average...
by Olemiss540
Tue Nov 12, 2019 5:27 pm
Forum: Investing - Theory, News & General
Topic: The End Is Near....Isn't It ?
Replies: 27
Views: 2135

Re: The End Is Near....Isn't It ?

Zero chance the dow can go past 22,000 with the upcoming election, extremely high valuations, 8 year bull market, and low interest rate environment. Set a Asset Allocation to limit your downside and ensure you can sleep and start ignoring the "experts". You are investing for the prices 10 YEARS fro...
by Olemiss540
Tue Nov 12, 2019 5:17 pm
Forum: Personal Investments
Topic: BRK.B
Replies: 22
Views: 2453

Re: BRK.B

Simplify. Dont take on undue/uncompensated risk due to a bias towards stock picking versus picking the whole haystack.
by Olemiss540
Tue Nov 12, 2019 4:47 pm
Forum: Investing - Theory, News & General
Topic: The End Is Near....Isn't It ?
Replies: 27
Views: 2135

Re: The End Is Near....Isn't It ?

Zero chance the dow can go past 22,000 with the upcoming election, extremely high valuations, 8 year bull market, and low interest rate environment. Set a Asset Allocation to limit your downside and ensure you can sleep and start ignoring the "experts". You are investing for the prices 10 YEARS fro...
by Olemiss540
Tue Nov 12, 2019 4:39 pm
Forum: Investing - Theory, News & General
Topic: The End Is Near....Isn't It ?
Replies: 27
Views: 2135

Re: The End Is Near....Isn't It ?

Zero chance the dow can go past 22,000 with the upcoming election, extremely high valuations, 8 year bull market, and low interest rate environment. Set an Asset Allocation to limit your downside and ensure you can sleep and start ignoring the "experts". You are investing for the prices 10 YEARS fro...
by Olemiss540
Tue Nov 12, 2019 12:02 pm
Forum: Personal Investments
Topic: Holding bonds vs 100% equities
Replies: 367
Views: 21810

Re: Holding bonds vs 100% equities

My asset allocation is whatever my Financial Advisor thinks it should be. If I need to set my own asset allocation, worry about markets, guess and tilt and chose and research, then why the HECK am I paying Vanguard .14 of my wealth each and every YEAR to manage the day to day of a Vanguard retiremen...
by Olemiss540
Mon Nov 04, 2019 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford upgrading to a new condo
Replies: 8
Views: 1182

Re: Can I afford upgrading to a new condo

You could buy it in cash and still be a millionaire with regards to invested assets. Yes you CAN afford it. If it is worth the extra working years required TO afford it is a question only you and your spouse can answer.
by Olemiss540
Mon Nov 04, 2019 7:42 am
Forum: Personal Investments
Topic: How much money is really needed in retirement?
Replies: 74
Views: 9194

Re: How much money is really needed in retirement?

OP, Don't rely on the media to set your goals, become informed and learn how to project your own goals/savings rates/financial independence. Set a retirement date, set a projected expenses at that time, and then figure out if you are on track saving 60k/year. Then backtest using monte carlo simulati...
by Olemiss540
Sat Nov 02, 2019 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: 25yo financial check-in
Replies: 15
Views: 1590

Re: 25yo financial check-in

You are KILLING it at 25. Personally, I would payoff the loans tomorrow, hold 12k in bond in your 401k, hold 10k in cash in a money market account, and then ROCK and ROLL with all total stock market/intl market. You can always buy a cheap replacement car if the market is down and buy a few years unt...
by Olemiss540
Fri Nov 01, 2019 7:13 am
Forum: Personal Finance (Not Investing)
Topic: [Just got married] Looking for ways to cut down on my budget
Replies: 80
Views: 6438

Re: [Just got married] Looking for ways to cut down on my budget

$2000 child tax credit to help offset some of those childcare expenses. Taxes seem high. You are better off tracking CURRENT spending and then working backwards once you have a good baseline. You should be maxing tax advantaged savings (401k, HSA) with your monthly paychecks and sending everything y...
by Olemiss540
Thu Oct 31, 2019 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Possible Layoff: Need Assurance That We Will Be Okay
Replies: 153
Views: 12552

Re: Possible Layoff: Need Assurance That We Will Be Okay

This literally MUST be a joke. It isn't a joke. Since the news hit, I have felt pretty sick and worried and couldn't sleep at all last night. Got up at 2:00 and came into the office to think and ponder. And to post my query. I do not handle uncertainty well. My apologies for coming off harsh. My ad...
by Olemiss540
Thu Oct 31, 2019 7:36 am
Forum: Personal Finance (Not Investing)
Topic: Possible Layoff: Need Assurance That We Will Be Okay
Replies: 153
Views: 12552

Re: Possible Layoff: Need Assurance That We Will Be Okay

This literally MUST be a joke. OP can cover well over $150k per year perpetually on base expenses near the median household income and is worried for their future. OP, Step 1: Decide where DO you want to move? Step 2: Move to place. Step 3: Find local establishment. Step 4: Celebrate your INDEPENDEN...
by Olemiss540
Wed Oct 30, 2019 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: HSA String Along
Replies: 2
Views: 526

Re: HSA String Along

Could you just do an indirect rollover and cut them out of the process? I believe you are allowed 1 per year. Leave 2 dollars in your account so they dont get their account closure fee :beer
by Olemiss540
Fri Oct 25, 2019 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Another how much mortgage can I afford post.
Replies: 34
Views: 2571

Re: Another how much mortgage can I afford post.

Yes, you can afford it. Your savings will drop but you'll still be putting >15% towards retirement. A 15% savings rate at that income level goes a long way, assuming spending levels aren't too crazy in retirement. dsmil, In summary, you are assuming that OP will not be paying for his kids' college ...
by Olemiss540
Tue Oct 22, 2019 2:50 pm
Forum: Personal Investments
Topic: Emergency Fund - why not VTSAX?
Replies: 52
Views: 4776

Re: Emergency Fund - why not VSTAX?

Depends on your overall asset allocation. If you are all stock, then you better have a solid risk appetite for selling stocks at the bottom and severely impacting your long term financial future in an emergency. If you have a decent allocation to bonds SOMEWHERE (like in a 401k), than you can always...
by Olemiss540
Sun Oct 20, 2019 7:48 pm
Forum: Personal Investments
Topic: Investment Questions
Replies: 10
Views: 1022

Re: Investment Questions

Simplify. I would make the taxable account all Total Stock, one 401k all total intl and Bonds, and the other all Bonds or whatever break out results in having to rebalance the smallest number of accounts. Quit tinkering and realize you will beat 90% of portfolios if you can learn to leave what you h...
by Olemiss540
Sun Oct 20, 2019 6:22 am
Forum: Personal Finance (Not Investing)
Topic: Planning to take some money out of roth ira
Replies: 22
Views: 2452

Re: Planning to take some money out of roth ira

.............................................................. Call your IRA custodian and request a return of $5000 in your CONTRIBUTIONS. emphasis probably not necessary for custodian and may confuse them.................they may not know how much came from contributions (if funds were transferre...
by Olemiss540
Thu Oct 17, 2019 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Planning to take some money out of roth ira
Replies: 22
Views: 2452

Re: Planning to take some money out of roth ira

.............................................................. Call your IRA custodian and request a return of $5000 in your CONTRIBUTIONS. emphasis probably not necessary for custodian and may confuse them.................they may not know how much came from contributions (if funds were transferre...
by Olemiss540
Thu Oct 17, 2019 6:26 am
Forum: Personal Finance (Not Investing)
Topic: Planning to take some money out of roth ira
Replies: 22
Views: 2452

Re: Planning to take some money out of roth ira

There will be no paperwork until tax time when you will receive a 1099 for the distribution. Call your IRA custodian and request a return of $5000 in your CONTRIBUTIONS.
by Olemiss540
Tue Oct 15, 2019 7:25 am
Forum: Personal Investments
Topic: Helping 23-year-old with first 401K: 2 questions
Replies: 17
Views: 1085

Re: Helping 23-year-old with first 401K: 2 questions

Using retirement accounts as emergency funds is an absolutely TERRIBLE idea. I don’t know why that keeps being banded about, but it’s terrible financial planning. OP, The S&P option is fine. She doesn’t need any bonds in her portfolio at her age. Knowing her pay would help to determine Traditional ...
by Olemiss540
Sun Oct 13, 2019 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Deleted
Replies: 14
Views: 1474

Re: Deleted

Deleted.
by Olemiss540
Sat Oct 12, 2019 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: 2020 Social Security Maximum Taxable Earnings $137,700
Replies: 39
Views: 5137

Re: 2020 Social Security Maximum Taxable Earnings $137,700

Wow, that stinks. I am sure it will be put to good use.
by Olemiss540
Wed Oct 09, 2019 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Dilemma buying a new house
Replies: 31
Views: 2708

Re: Dilemma buying a new house

I would be MUCH more stressed carrying two mortgage payments than I would be moving in a hurry or moving temporarily into short term rental housing. MUCH. MUCH. LESS. Did you mention something about "minimum" credit card payments when calculating DTI? Can you explain? Do you carry credit card debt? ...
by Olemiss540
Tue Oct 08, 2019 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Open Enrollment - to HSA or not HSA?
Replies: 23
Views: 3226

Re: Open Enrollment - to HSA or not HSA?

What are the max annual out of pocket for either plan? I ran three scenarios for my healthcare options: 1.) No health issues 2.) Hit plan deductible 3.) Hit max out of pocket Given the premium savings and tax savings from HSA contributions, it was nearly a wash for option 3 while the HSA was the cle...
by Olemiss540
Tue Oct 08, 2019 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Refinancing for 15 year?
Replies: 13
Views: 1293

Re: Refinancing for 15 year?

If you are saving/investing 2000 a month and sending 2000 per month to the mortgage, I would probably continue investing the extra 600. If you are investing 10000 per month and sending 2000 per month to the mortgage, I would probably spend the extra 600 on a 15 year note to increase debt payoff. Som...
by Olemiss540
Tue Oct 08, 2019 7:32 am
Forum: Personal Investments
Topic: Failing at Market Timing & Stock Picking- How to get an Asset Allocation I'm Comfortable With
Replies: 44
Views: 4259

Re: Failing at Market Timing & Stock Picking- How to get an Asset Allocation I'm Comfortable With

Quit reading investing books, forums, news articles, blog posts, and find a new hobby. I highly recommend a TARGET DATE FUND. You are clearly a performance chaser and are going to sabotage your own success through tinkering. Forget the small percentages with regards to tax efficiency and fees. Focus...
by Olemiss540
Sat Oct 05, 2019 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Simple approach to retirement finances?
Replies: 15
Views: 1993

Re: Simple approach to retirement finances?

All depends. Are you going to retire early? High income or low income? Barely scratching by, enough extra the percentages dont really matter, or so much money a few percentages add up? You can sincerely get 90% of the benefits through 10% of the effort usually. Stick the money in an all in one fund,...
by Olemiss540
Sat Oct 05, 2019 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: What would you do? New to this stuff
Replies: 33
Views: 4063

Re: What would you do? New to this stuff

I would prioritize debt paydown and ensuring you fill your RothIRA buckets each year even if you have to stash your emergency fund there temporarily. Contributions to your Roth IRA can be withdrawn tax and penalty free if needed until you refill your efund.
by Olemiss540
Fri Oct 04, 2019 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: How to prioritize?
Replies: 13
Views: 1147

Re: How to prioritize?

You already prioritized housing over saving for future spending by buying a house with that large of a payment. At this point I would prioritize Roth IRA funding once you put 6% towards your 401k. Once the Roth IRA was on track to be fully funded, I would fund your HSA. Once the HSA was on track to ...
by Olemiss540
Fri Oct 04, 2019 1:52 pm
Forum: Personal Investments
Topic: Mid-Life Portfolio Review
Replies: 6
Views: 770

Re: Mid-Life Portfolio Review

What are your current household expenses? A few quick thoughts to get you going: 1.) Yes, the 529 can be reassigned to your younger child once child 1 is done with schooling. 2.) Simplify to broad market based index funds to save on taxes (much more efficient than dividend payers) and better risk ad...
by Olemiss540
Wed Oct 02, 2019 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Wedding Finances-Today
Replies: 107
Views: 8459

Re: Wedding Finances-Today

We had a destination wedding at a fabulous 5 star resort in Florida and kept it somewhat reasonable through limiting the amount of participants. There were a lot of feelings hurt, but ultimately we prevented a huge amount of headaches and expenses by keeping the guest list below 50. Immediately fami...
by Olemiss540
Wed Oct 02, 2019 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Willingly going from lucrative job to unemployed?
Replies: 132
Views: 14121

Re: Willingly going from lucrative job to unemployed?

AMAZING that you were able to save what you did starting from 0 in a foreign country. You are an inspiration and good luck on your next steps. Perhaps Victoria will weigh in on "designing your life" so you move on to something that invigorates you for the coming decades ahead. You are sure to be suc...
by Olemiss540
Sun Sep 29, 2019 9:37 am
Forum: Personal Finance (Not Investing)
Topic: My Personal Finance Breakdown... Good Start?
Replies: 11
Views: 1688

Re: My Personal Finance Breakdown... Good Start?

I would do the following: Put the 600/mo you are saving for an emergency fund to fill your Roth IRA bucket since this is lost each year if not used and the contributions can be used in a severe emergency with NO penalty if needed. Then I would switch ALL 401k contributions to traditional 401k to sav...
by Olemiss540
Fri Sep 27, 2019 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Saving Targets - Where to Next?
Replies: 6
Views: 574

Re: Saving Targets - Where to Next?

What's you current cash and investment balances and retirement goal? Current marginal rate?
by Olemiss540
Fri Sep 27, 2019 7:11 am
Forum: Personal Investments
Topic: Portfolio review for a young investor
Replies: 14
Views: 1398

Re: Portfolio review for a young investor

Great work and good advice above. A few thoughts from my perspective: 1.) With your cash position, I would not be concerned with holding a large bond position. Try and maintain decent rates on your cash and this can play the role in maintaining a basic value floor for your networth/portfolio during ...
by Olemiss540
Thu Sep 26, 2019 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: financially clueless senior MIL who thinks she’s rich
Replies: 162
Views: 20320

Re: financially clueless senior MIL who thinks she’s rich

.Her house is in a rural area and probably sells for $200k. They have $190k in savings ( my FIL had it all in CD ). Her SSI+pension is about $2200 per month. My MILis 84 I think you're far too conservative. Her likelihood to live another 20 years is insanely low. She's worth 400k plus 2200 per mont...
by Olemiss540
Tue Sep 24, 2019 7:44 pm
Forum: Personal Investments
Topic: Contribute to 401k (no match) or Tradition IRA
Replies: 23
Views: 1156

Re: Contribute to 401k (no match) or Tradition IRA

OP,

What's your taxable income (approximated)? That will help give you more specific answers to your question.
by Olemiss540
Tue Sep 24, 2019 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: College Student Internships
Replies: 45
Views: 2291

Re: College Student Internships

Worked in school labs junior and senior year and interned my last summer for something like $3k/mo plus boarding at a railroad as a civil engineer if that helps. It doesnt hurt to try to intern every summer if possible to get some real world experience in your future craft and get an easy job offer ...
by Olemiss540
Fri Sep 20, 2019 7:24 am
Forum: Personal Finance (Not Investing)
Topic: How do you spend money to gain time? (young family)
Replies: 155
Views: 11684

Re: How do you spend money to gain time? (young family)

Here is an earlier thread: https://www.bogleheads.org/forum/viewtopic.php?t=213662 and there are many more. I have tons of time because I don't worry what other people think about my clothes, my car, my yard, my house, my kids. I didn't even have to spend any money on not worrying. Example: Toddler...