Bogleheads.org

Olemiss540

The truth of the matter is there is always uncertainty in the market/politics/health/work/etc. The CORRECT answer is unknowable without the benefit of hindsight, and without hindsight you are better off concerning yourself with you mental and physical health instead of worrying about monthly returns...

Olemiss540

Desired Asset Allocation: 70% Stocks 10% bonds 20%International This is 90% stocks / 10% bonds. Your stock allocation is split roughly 78% US / 22% Intl. What ETF's do you recommend I invest in regards to my asset allocation (70% Stocks 10% bonds 20%International)? Please see the Wiki: https://www....

Olemiss540

It appears you could almost retire TODAY given your level of assets and current spending. Amazing that you saved so much by 37. You have earned the right to do whatever the heck you believe you will enjoy the most. Goodbye drama, hello private practice. Not going to be much help on the negotiating s...

Olemiss540

I would NOT barrow against your home to invest in equities regardless of which route you end up with. How are you doing in terms of retirement savings? What's your nest egg, gross income, age, and planned retirement date? If your finances are in order I would personally save cash until i had enough ...

Olemiss540

It sounds like you are a bit anxious with the recent changes in your personal life and the current pandemic. It's normal and it's good if you are self aware of this anxiety so you can make logical decisions that minimize it. I have the same issue myself, the best thing for me to do is chart a plan, ...

Olemiss540

I would be direct when discussing this with your potential employer. You have brought up "family friendly" a dozen times already, so why would you be afraid to approach this issue with them once you receive an offer? Do not start for a week and then ask for leave. Get the offer and then bring up you...

Olemiss540

or in other, other words - is college financial aid probably a non-starter if you are a high earner/have a lot of assets by the time child applies to college? Where you have your assets can also matter. Some colleges are getting more sophisticated in looking at a parents assets but when I went thro...

Olemiss540

What other assets do you have? Roth IRAs? Taxable account? Given "high income", I would assume you have a decent amount that could be tapped outside of your cash fund but hard to give advice without the bigger picture? How many cars do you have? Is the Tesla a spare vehicle and could be sold if need...

Olemiss540

you cant avoid regrets. If you are gonna be frugal in your 30s, you will regret that you didnt spend much on yourself and didnt really enjoy your money. If you are not gonna be frugal in your 30s, you will regret that you did not save enough money. Cant win situation here. That's asinine. You can m...

Olemiss540

Many railroad jobs have railroad retirement (tier 2 is like a pension) and 401ks.

Olemiss540

I am not sure how an aged out degredated roof is an insurance issue? Knowing what you knew when you purchased the house, was you plan to pay $2k in insurance premiums so they would pay $20k for a new roof or did you take the roof condition into account when you purchased the home? I would have the r...

Olemiss540

Everything I own is in a target retirement fund. Simplicity, low cost, and diversity. The only free lunches with regards to investing. Dont worry about the fluctuations, try not to watch too much news, and focus on savings rate over investment returns and your retirement will arrive Much Much soone...

Olemiss540

Sadly, the best thing that can happen for your financial future is for this investment strategy to fail. If this succeeds, which it very well might in the short term, the draw to add more money will get harder and harder. If your luck is anything like mine, the big hit will come once you have double...

Olemiss540

Everything I own is in a target retirement fund. Simplicity, low cost, and diversity. The only free lunches with regards to investing. Dont worry about the fluctuations, try not to watch too much news, and focus on savings rate over investment returns and your retirement will arrive Much Much sooner...

Olemiss540

I wouldnt sell right now. The baby has been born so to speak, I would focus on supercharging investments as much as you can but hold on to a cash buffer to ease your concerns of job loss. You are in an affordable position for now so do not make any rash decisions out of fear.

What does your SO think?

Olemiss540

I recommend hanging out in this forum for 4 or 5 months digesting forum posts. You will be able to develop a fairly thorough investment plan by the time that's over!

You are doing fine!

Olemiss540

OP, Honestly, it sounds like you watch too much news. You sound intelligent enough to realize market timing is a fool's errand and everytime we have a market drop of this magnitude it is almost ALWAYS correlated to something that "has never happened in 100 years". Oil crisis? Housing collapse? Great...

Olemiss540

I have spent decades living on the road moving from project to project throughout the country. Moving from apartment to apartment gets old in a hurry and expensive. Depending where you will be located, it is hard to beat Extended Stay types of hotel suites with a full size refrigerator and kitchene...

Olemiss540

White Coat Investor wrote: ↑
Thu Apr 30, 2020 1:02 pm

F150HD wrote: ↑
Thu Apr 30, 2020 12:58 pm

No closing costs.
everytime I read these threads I scratch my head. who paid for the appraisal? who paid the title company?
The borrowers but in the form of a higher rate.

Yes, and many time appraisal (and possibly other items) can be waived due to the recency of the previous mortgage.

Olemiss540

You could get a 15yr loan for around 2.5% now. Honestly, I would stick with a 15 year loan just to build equity. This pinch you are feeling will be solved in a couple of years through (hopeful) salary raises but I can understand feeling uncertain. Take a breath, get some equity in your house, and sa...

Olemiss540

It sure sounds like you are hunting/focused on the negatives of this outcome, why not ask yourself how this could be a positive? 1.) If you do not get promoted due to not being in your HQ, what are the chances you would have been promoted by being at a regional office space? 2.) Possibly the additio...

Olemiss540

I would hold on tight until you are secure in a new paycheck. Consider a low cost or no cost refi to improve cash flow and reduce your mortgage rate. A few grand to refi to 3% would be great. Once that's locked in, I would reduce my EF to 6-9 months (due to dual income household), payoff the car loa...

Olemiss540

augryphon wrote: ↑
Wed Apr 29, 2020 11:17 am
In June 1986 I had nothing. By 1999 I thought I was rich. in 2000, 2008, and 2020 I became un-rich. Now I realize that I'll never be rich, but I'm doing pretty okay. FA says I can retire at 58 without taking a pay cut.

But will your FA take a pay cut?

Olemiss540

I'd say with $2mm in your mid 40's, you can AFFORD it. I'd also say the timing of the current pandemic, your ling term unemployment, and strange outlook on short term job prospects mean its probably a mistake. That is unless you are ready to retire and live off of $50-$55k per year for your remaini...

Olemiss540

One of the most important things we can do as an investors is nothing. Relax, be still, and steady. I see a lot of smart investors talk about when the market does x, I'm going to do y. Hundreds of thousands, if not millions of people cashed out during the Pandemic. Most wish they never did. I'm cur...

Olemiss540

I think it is hard to settle for "average" returns even though those returns would be better than 80% of portfolios over the long term. They see things with the benefit of hindsight and fail to realize past performance is not a forward indicator, and many times it's quite the opposite. I think ther...

Olemiss540

I'd say with $2mm in your mid 40's, you can AFFORD it. I'd also say the timing of the current pandemic, your ling term unemployment, and strange outlook on short term job prospects mean its probably a mistake. That is unless you are ready to retire and live off of $50-$55k per year for your remainin...

Olemiss540

I think it is hard to settle for "average" returns even though those returns would be better than 80% of portfolios over the long term. They see things with the benefit of hindsight and fail to realize past performance is not a forward indicator, and many times it's quite the opposite. This is why t...

Olemiss540

My information was finally found today and I was able to enter my banking information for direct deposit. I was one having issues due to 2018 tax payment through H&R Block software that was common. Was awaiting filing of 2019 taxes until payment was received.

Check again today!

Olemiss540

I would not have applied to a job 80 miles away. Only reason to take this job is if it is a literal stepping stone to a better/closer opportunity at an even higher pay rate. If this is the case, than the 401k fees are not as important since you will be able to transfer your retirement savings upon s...

Olemiss540

5) How much is your car worth? At some point when you're comfortable, drop comprehensive. I do that when my car is worth about $10K. 6) Work on your credit score now. I assume you plan to marry and buy a house in a few years. Make sure you're in the 800+ at that time. Car with loan is worth 14k. Al...

Olemiss540

I wouldnt make any rash changes under this economy. One item that I have seen pop up is variation in each states unemployment income in case of job loss. I would guess California to be one of the better payers whereas some states are not.

Olemiss540

I vote to check out your options. You may be surprised by how little your compensation is impacted. Many lower cost of living locations have higher doctor pay due to the struggle finding folks willing to locate.

Check out your options at locations you find desirable options.

Olemiss540

I am missing why you dont just sell your rental property and then pay for your elderly mom's new rental payments? Why buy another illiquid asset when you dont have any intentions of being a landlord long term. Just find a great rental close to you and help subsidize the rental payment for your mom. ...

Olemiss540

I find that actively engaging in debate over finances is fruitless. Passively sharing knowledge of what YOU do when asked with possibly small notes like "I just stick it in an index fund since I really just want market returns with as much diversity and as low a cost as possible" are MUCH more impa...

Olemiss540

I find that actively engaging in debate over finances is fruitless. Passively sharing knowledge of what YOU do when asked with possibly small notes like "I just stick it in an index fund since I really just want market returns with as much diversity and as low a cost as possible" are MUCH more impa...

Olemiss540

Doing wonderful here. I pay Vanguard huge fees of approximately 10 basis points to manage my portfolio investments for me through their target retirement funds. I do this in large part to prevent behavioral mistakes surrounding performance chasing and delaying rebalancing (thus missing buying opport...

Olemiss540

I find that actively engaging in debate over finances is fruitless. Passively sharing knowledge of what YOU do when asked with possibly small notes like "I just stick it in an index fund since I really just want market returns with as much diversity and as low a cost as possible" are MUCH more impac...

Olemiss540

Are there any other potential heirs? What is your parent's age? There are many ways this ends up straining relationships, and personally I do not think it's fair to put the burden of your dire financial situation on your children when there are alternative options to raise capital that wont also pot...

Olemiss540

I have been WAY down this road before. A few questions before really good advice can be given. Do you have room at your rental for 3 cars? Do you have a garage? Do you do your own minor maintenance? What's your GFs car situation? You are killing it at your age so savings is doing great. I would try ...

Olemiss540

for the past decade, i'm only 5% behind a 3-fund portfolio and 15% behind the 2-fund portfolio . ... thoughts? thanks in advance. I think you mostly answered your own question. All of your jiggering and tilting and you still wound up behind yet you seem reluctant to embrace what worked well (and no...

Olemiss540

How could you get into a management role? Look at potential production management or sales possibly? Engineering can help get into construction management but otherwise not necessarily the spiciest day to day with regards to frequent change.

Olemiss540

Filed with H&R block and getting the same error message. Owed taxes n 2018 and holding off on 2019 filing due to higher AGI.

Assuming the delay is due to either H&R blocks interface or my not getting a refund in 2018.

Olemiss540

Minimize feelings and psychology with regards to investing if you want to enjoy stress free long term growth. First, you need to come to a logical realization that NO ONE can predict the future. Next, come to peace with #1 and allow yourself to not worry about the short term price gyrations. Invest ...

Olemiss540

Honestly, you are trying to swallow a 7 figure debt while you have a near zero net worth. Zero chance I think you are ready for this financially. 5 more years, knock out ALL student loans while saving in retirement portfolios and getting your networth into a reasonable range for your age and income ...

Olemiss540

Wow. TNW around 1Million? I'd say you have earned the ability to take any slight risk necessary to grow as an IC and learn a new stack at the same time.

Make the move!

Olemiss540

Can you elaborate on how they are forcing the additional 10-15 hours while you are working from home? Our department has been understaffed for the number of projects we're currently on and the number of additional projects that recently started up. We were scheduled to hire several people to start ...

Olemiss540

I think it all depends on the markets. If you lose you job in the middle of a market correction, than you will not be over weighting to equities by selling bonds since your equities are taking a haircut due to market value so if any thing your are still having to sell additional bonds to adjust back...

Olemiss540

Can you elaborate on how they are forcing the additional 10-15 hours while you are working from home? Some companies that are new to this "work at home" thing are possibly adjusting by micromanaging and increasing expectations due to the management's unfamiliarity with this office environment but ha...

Olemiss540

First glance, you are fairly new to a high income, a 3/4 million dollar house bought with 10% down, and a halfway decent start on retirement savings. You are spiraling into the mousetrap which, if it makes you happy, is a fine place to be. I would be concerned with burnout in your profession and thu...

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