Search found 970 matches

by Olemiss540
Sat Jun 22, 2019 4:59 pm
Forum: Personal Investments
Topic: Worried about the future/not saving enough
Replies: 39
Views: 4835

Re: Worried about the future/not saving enough

I just LOVE it when people say something is "expensive but worth it", when in reality it should be "expensive and can AFFORD it". Can anyone not realize it doesnt matter how much value something brings if you literally don't have the cash to buy it? OP. With 50k in CC debt, you better believe I woul...
by Olemiss540
Sat Jun 22, 2019 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Wife considering returning to work
Replies: 34
Views: 3626

Re: Wife considering returning to work

Why not just work on kid #2 now and then have her go back to work once they are in school? Would be tough to restart a career only to kill it again so quickly. In my mind the years before school are the most valuable of all(we are just finishing those years now) to get face to face time if you can. ...
by Olemiss540
Wed Jun 19, 2019 4:49 pm
Forum: Personal Investments
Topic: 1-fund, 2-fund or 3-fund portfolio?
Replies: 20
Views: 2092

Re: 1-fund, 2-fund or 3-fund portfolio?

1 fund portfolio to reduce the possibility of "market timing" or sector timing and ensure you remain market weight.
by Olemiss540
Tue Jun 18, 2019 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Help with car decision
Replies: 31
Views: 1972

Re: Help with car decision

Nope. Get you NW up! These first few years are about delayed gratification to speed up the compounding process. Figure out how you can sell the accord and buy a similar aged subaru to scratch that itch. Due to not wanting to go into debt too deep early on in life, I actually learned quite a few valu...
by Olemiss540
Sun Jun 16, 2019 10:20 am
Forum: Personal Investments
Topic: Selling Business for 2.5 Million - Where to go NEXT?
Replies: 61
Views: 4280

Re: Selling Business for 2.5 Million - Where to go NEXT?

I would be very careful investing into property management if you both have little/no experience being landlords. You are extremely close to being financially independent, risking it now would seem needless. A part time job with health insurance would seem to be the only thing necessary and even tha...
by Olemiss540
Sun Jun 16, 2019 10:08 am
Forum: Personal Investments
Topic: Watches as investments?
Replies: 19
Views: 1930

Re: Watches as investments?

Search YouTube for "ways to make money" and you will find an amazing number of professional salespeople willing to give you their advice for merely the cost of additional browser ad revenue. They make money by selling ideas that generate traffic, they are not in any way concerned with your investmen...
by Olemiss540
Sat Jun 15, 2019 7:30 am
Forum: Personal Finance (Not Investing)
Topic: Article on high deductible health plans - and the math
Replies: 118
Views: 8242

Re: Article on high deductible health plans - and the math

actually, the article does not show the math. If it did, it would have inquired with Robyn Hogdon's husband's plan and found out how much she is saving on monthly premiums in comparison to a $500 or $750 deductible plan. OTOH, if that is the only plan that her husband's company offers, the proper c...
by Olemiss540
Thu Jun 13, 2019 7:27 pm
Forum: Personal Consumer Issues
Topic: Which car to buy?
Replies: 29
Views: 2597

Re: Which car to buy?

OP, What does your sex have to do with the decision to waste money on purchasing new? Curious how that justification works? I recommend worrying about a new car when you hit 150k miles otherwise just splurge on what will bring you the most joy that you can afford to buy in cash. No further justific...
by Olemiss540
Thu Jun 13, 2019 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Professional work titles
Replies: 30
Views: 2644

Re: Professional work titles

Why are you miffed? The post is not clear what part is frustrating as it reads that you are an IC who makes fantastic money. Do you lead a team without the benefit of the leadership title or are you jealous of those that do lead due to their titles? I am a leader in the engineering field (director) ...
by Olemiss540
Thu Jun 13, 2019 3:45 pm
Forum: Personal Consumer Issues
Topic: Which car to buy?
Replies: 29
Views: 2597

Re: Which car to buy?

OP, What does your sex have to do with the decision to waste money on purchasing new? Curious how that justification works? I recommend worrying about a new car when you hit 150k miles otherwise just splurge on what will bring you the most joy that you can afford to buy in cash. No further justifica...
by Olemiss540
Wed Jun 12, 2019 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: What should we do next?
Replies: 13
Views: 1319

Re: What should we do next?

To give my hindsight advice, I wish I maxed out my 401K each year. Here's the Boglehead wiki on prioritizing investments https://www.bogleheads.org/wiki/Prioritizing_investments This is a great reference. Op, What's your incomes and marginal tax rate? HSA is a very valuable investment tool which is...
by Olemiss540
Wed Jun 12, 2019 7:45 am
Forum: Personal Finance (Not Investing)
Topic: 2015 subaru forester 96k, replace or run into the ground?
Replies: 24
Views: 2004

Re: 2015 subaru forester 96k, replace or run into the ground?

If you can afford it I would put a heavy weighting on safety. Does your existing Subaru have a decent number of safety features? e.g. emergency braking, blind spot monitoring, (and that feature where when you are backing up alerts you to cross traffic?). Avoiding even a small accident is worth it. ...
by Olemiss540
Wed Jun 12, 2019 7:42 am
Forum: Personal Finance (Not Investing)
Topic: How are your 30s financially different than your late 20s?
Replies: 47
Views: 5678

Re: How are your 30s financially different than your late 20s?

Late 20's and early 30's was lazer focused on cashflows/savings. Mid 30's with the kids out of the toddler stage, am in a position to maximize what I feel are going to be the most important 6 year span (prior to the teen years) and thus have greatly loosened up the "purse strings" and even went so f...
by Olemiss540
Tue Jun 11, 2019 7:24 am
Forum: Personal Investments
Topic: Advice [change to 3 fund?]
Replies: 3
Views: 371

Re: Advice [change to 3 fund?]

I recommend a target date fund if all of your investments reside in tax advantaged accounts. Keep it simple and keep the urge to tinker as low as possible!
by Olemiss540
Sun Jun 09, 2019 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Chase Southwest Airlines credit card
Replies: 10
Views: 1562

Re: Chase Southwest Airlines credit card

You can even reapply for the same card you closed and receive the sign on bonus if greater than 2 years since the bonus was recieved I believe.
by Olemiss540
Thu Jun 06, 2019 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: Job Options
Replies: 23
Views: 2418

Re: Job Options

Absolutely not. You did not lie or mislead as the other opportunity has yet to materialize. I would have definitely pursued a strong enough raise with the original company to make it tough to leave though considering your position seems fairly in demand....
by Olemiss540
Thu Jun 06, 2019 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Close to making an offer on a home
Replies: 65
Views: 5244

Re: Close to making an offer on a home

I am sorry things are not going swimmingly, but I wanted to offer some views from my sofa: 1.) Dont worry about getting a "deal" or 2000 dollars effecting your decisions after the fact. This is an extremely important decision but having second thoughts after the fact is normal. 2.) Is the offer cont...
by Olemiss540
Thu Jun 06, 2019 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: consolidating HSA accounts into new Fidelity HSA account
Replies: 7
Views: 845

Re: consolidating HSA accounts into new Fidelity HSA account

Thanks Tenkuky. Yes, there is a $25 closure fee and a ~$4 monthly charge if I have a cash balance less than $2500. So in the long-run, I think I will be better off paying the closure fee (and have 1 less account to worry about) and have all the funds available to invest in Fidelity with lower expen...
by Olemiss540
Thu May 30, 2019 5:08 pm
Forum: Personal Investments
Topic: Switch to Roth or Prepay Mortgage?
Replies: 8
Views: 829

Re: Switch to Roth or Prepay Mortgage?

I would consider refinancing to a 15 year mortgage if you have a stable job and emergency fund. Everything above the 15 year payment I would start taxable investments until I had a strong 6 figure portfolio there as well.
by Olemiss540
Mon May 27, 2019 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: M/39/Single - need to take a career break to address mental health; looking for advice on provided financial situation
Replies: 33
Views: 4042

Re: M/39/Single - need to take a career break to address mental health; looking for advice on provided financial situati

Liquidate and try to get back into the grind at a lower paced (and lower cost of living) location after your sabbatical. Not sure what drove you to buying an incredibly expensive condo when dealing with depressive episodes and anxiety. Rent from now until you get emotionally stable and buy something...
by Olemiss540
Sun May 26, 2019 6:30 am
Forum: Personal Finance (Not Investing)
Topic: “Upsizing” are we foolish?
Replies: 62
Views: 7220

Re: “Upsizing” are we foolish?

Wow. No mortgage and you spend 105k out of 135k?? Wow. Save 3.2 MILLION DOLLARS and get chastised on your spending habits. I vote to upgrade your house and enjoy the next handful of years. You are basically transferring 10% of your assets into a localized real estate investment. If it derails your ...
by Olemiss540
Sun May 19, 2019 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 223
Views: 14389

Re: FIRE - What am I missing in the News Stories

They roll it to an IRA and do roth conversion ladders or 72t. Some of the the people on fire seem broke to me and live broke even before they retire. I guess you can retire on a million with David Ramsey's Lampo wishful thinking. But a 50% drop puts you in a trailer house fixing up your 15 year old...
by Olemiss540
Sun May 19, 2019 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Churning Credit Cards
Replies: 57
Views: 4519

Re: Churning Credit Cards

7 chase cards (2 of them business cards) each for the spouse and I, now onto our second Capital One card. In total took about an hour per card and net 500 bucks on average of each. I do not worry (yet) about best redemption value and use the points as quickly as possible. 4 years of southwest compan...
by Olemiss540
Sat May 18, 2019 4:11 am
Forum: Personal Finance (Not Investing)
Topic: tIRA => Roth IRA or 401(k), now or later?
Replies: 9
Views: 797

Re: tIRA => Roth IRA or 401(k), now or later?

Whatever is most convenient. At 600k/yr and 5.5 mil NW, your time is more valuable than the tax difference either way. This is just picking nits considering. Spend your time on something more valuable.
by Olemiss540
Thu May 16, 2019 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Where do I stand
Replies: 7
Views: 1167

Re: Where do I stand

You are doing amazing! I am sure the new house will provide YEARS of enjoyment, just keep the budget reasonable and you can add on later!
by Olemiss540
Thu May 16, 2019 4:33 pm
Forum: Personal Investments
Topic: If you are already wealthy, what keeps you motivated?
Replies: 101
Views: 11633

Re: If you are already wealthy, what keeps you motivated?

So you have $1.5 Million of invested assets in your late 30s with 300k per year income? I would double that figure prior to being worried about what the wealthy are doing. LBYM and investing can be boring, but it takes time to see serious, life altering gains. Late 40s maintaining your current pace ...
by Olemiss540
Thu May 16, 2019 7:20 am
Forum: Personal Investments
Topic: If you are already wealthy, what keeps you motivated?
Replies: 101
Views: 11633

Re: If you are already wealthy, what keeps you motivated?

I am in my late 30s. Here are my stats: - Own $2M in rental properties. - Have $500 k in stocks - Have $450 k in cash I have yet to find where you answered the repeated questions regarding your debt load. You have somewhere between 950k and 3 Million. Assuming you are asking the question because yo...
by Olemiss540
Tue May 14, 2019 7:18 am
Forum: Personal Finance (Not Investing)
Topic: Worth Fighting a Speeding Ticket?
Replies: 64
Views: 4367

Re: Worth Fighting a Speeding Ticket?

Why would you want to face a police officer in court that offered you leniency and then use it against him in a court of law. That sounds reprehensible to be honest. You can easily go to court and get it dropped off of your record by offering to take an online course or paying additional charges pos...
by Olemiss540
Mon May 13, 2019 7:51 am
Forum: Personal Investments
Topic: Parking/Investing $100k in a tax-advantaged manner
Replies: 12
Views: 1048

Re: Parking/Investing $100k in a tax-advantaged manner

VUSXX is a state tax free treasury fund that is perfectly safe and provides a state tax benefit.
by Olemiss540
Fri May 10, 2019 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Help me pull the trigger-need to quit
Replies: 41
Views: 5279

Re: Help me pull the trigger-need to quit

Quit first and figure out the rest of the steps later. If it doesn't work out, just go back to work. Too much thinking can give you a headache without any additional benefit. Yup. YOU ARE A MULTIMILLIONAIRE in your early 40s. WTH is wrong with folks that they can put up with a complete burn out sit...
by Olemiss540
Thu May 09, 2019 6:51 am
Forum: Personal Investments
Topic: Small Cap vs Mid Cap for long term holding?
Replies: 10
Views: 1479

Re: Small Cap vs Mid Cap for long term holding?

I vote for s&p 500 index which has shown to approximate total stock closely in the past.
by Olemiss540
Thu May 09, 2019 6:45 am
Forum: Personal Investments
Topic: Wealthfront lock-in (Direct Indexing) - leave and take the tax hit now, wait, or other strategy?
Replies: 12
Views: 1467

Re: Wealthfront lock-in (Direct Indexing) - leave and take the tax hit now, wait, or other strategy?

Just pay the tax man on your profits and get on with your life. I highly recommend a 3 fund portfolio to minimize the risk of you tinkering and toying with your portfolio driving underperformance. Accept that you will be happy with market returns and then stick with a 3 fund portfolio. You sound ext...
by Olemiss540
Wed May 08, 2019 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance? If so, which option?
Replies: 17
Views: 1117

Re: Refinance? If so, which option?

If your income goes up or down 40% from one year to the next, it changes your perspective. It has mine, anyway. YMMV. Why not do the 15 year at 3.25%? With the 15 year, we'll have payments of $3,127 over the next 108 months. We cannot pay a dollar less than that. At our anticipated sale date, we'll...
by Olemiss540
Wed May 08, 2019 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance? If so, which option?
Replies: 17
Views: 1117

Re: Refinance? If so, which option?

Why are you doing this? Do you have an upcoming cashflow issue? You are basically pulling future equity out of you home by refinancing to a 30 year note and have ample liquidity in place so it seems like you are doing something just to do something. Equity returns have been amazing, but counting on ...
by Olemiss540
Sat May 04, 2019 10:09 pm
Forum: Personal Investments
Topic: Anyone Else Buying Xmas Sale in Equities?
Replies: 33
Views: 4657

Re: Anyone Else Buying Xmas Sale in Equities?

So the book hath been written. I recommend finding a comfort zone and staying put. Will make it far less likely to lose substantial amounts of money when market peaks turn out to be no where near the top.....
by Olemiss540
Fri May 03, 2019 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: Please Critique our Budget
Replies: 28
Views: 2243

Re: Please Critique our Budget

I would NOT be prepaying a .25% mortgage. Also, where is your vacation/travel coming from? None planned?

Otherwise it is very similar to ours and if you stick with it over the next 5 years will payoff big time.
by Olemiss540
Thu May 02, 2019 8:31 pm
Forum: Personal Investments
Topic: Initial retirement investing in a record high stock market
Replies: 105
Views: 8220

Re: Initial retirement investing in a record high stock market

Bad ideas here include the bolted on "5 years of cash to ride out market downturns and upsets" and the contest you have set up with half your retirement wealth in a managed retail bank brokerage which are generally awful places to invest. Also no need to split large cap (80%) and small cap (20%) be...
by Olemiss540
Thu May 02, 2019 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Car shopping advice (sanity check)
Replies: 56
Views: 5065

Re: Car shopping advice (sanity check)

I am an avid car person and have never spent more than 12 or 13k on a car (mainly German sports cars). Buy a 13k mustang or camaro if you cant stand the thought of driving your car another year and give up on the need for the newest infotainment system in a 20k version. Drive it for 4 years and then...
by Olemiss540
Wed May 01, 2019 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: What Should We Do With Excess Cash Each Month?
Replies: 17
Views: 2656

Re: What Should We Do With Excess Cash Each Month?

Stock up on stocks! For your age and income, you are behind on invested assets. Consider ramping up your 401k to max, and begin taxable investing. Once you have a sizable taxable investment fund, you can feel free to move some of your EF over to your mortgage to payoff your house thus increasing you...
by Olemiss540
Wed May 01, 2019 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone down-shifted in their career?
Replies: 59
Views: 6844

Re: Has anyone down-shifted in their career?

OP, Sounds like you need to survey other promotional or lateral job opportunities with other organizations. A fresh start could be energizing AND less stressful if you find a good fit personally. Also does not have the drawbacks on your future career/ego. Find a role that will allow both ego driven ...
by Olemiss540
Mon Apr 29, 2019 2:43 pm
Forum: Non-US Investing
Topic: Downshift ("Barista FI") while consulting and raising kids? [Switzerland]
Replies: 77
Views: 5924

Re: Downshift ("Barista FI") while consulting and raising kids?

How did you save that much money earning 100k if that is equal to your yearly expenses? Can you break down your current wages per spouse and proposed wages per spouse? I would be much more comfortable downshifting to 70% if it means greatly reducing portfolio withdrawal and would make your path towa...
by Olemiss540
Sun Apr 28, 2019 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Relocating Across Country - Vehicle Situation
Replies: 22
Views: 1240

Re: Relocating Across Country - Vehicle Situation

I dont understand why not sell the Mazda and wait another 14 months to sell the Subaru? Sounds like you really want to buy a new Volvo with all of the "tax credit" talk. Why not just go down to one car right now (and have that car be a Subaru)? My partner drive 75 miles a day to work and back. She ...
by Olemiss540
Sun Apr 28, 2019 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Relocating Across Country - Vehicle Situation
Replies: 22
Views: 1240

Re: Relocating Across Country - Vehicle Situation

I dont understand why not sell the Mazda and wait another 14 months to sell the Subaru? Sounds like you really want to buy a new Volvo with all of the "tax credit" talk. Why not just go down to one car right now (and have that car be a Subaru)? My partner drive 75 miles a day to work and back. She ...
by Olemiss540
Sun Apr 28, 2019 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Relocating Across Country - Vehicle Situation
Replies: 22
Views: 1240

Re: Relocating Across Country - Vehicle Situation

I dont understand why not sell the Mazda and wait another 14 months to sell the Subaru?

Sounds like you really want to buy a new Volvo with all of the "tax credit" talk. Why not just go down to one car right now (and have that car be a Subaru)?
by Olemiss540
Sat Apr 27, 2019 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Daughter's First Job
Replies: 45
Views: 3698

Re: Daughter's First Job

Personally, I wouldn't live at home regardless of which job I chose.
by Olemiss540
Fri Apr 26, 2019 8:59 am
Forum: Personal Finance (Not Investing)
Topic: 20 countries where 200K in retirement savings will last you decades
Replies: 232
Views: 28223

Re: 20 countries where 200K in retirement savings will last you decades

Thanks for volunteering! When can we expect to see this matrix? Thanks for the kind words! I have way too many projects currently, so I only work on pre-payment arrangement. And my hourly rate has a comma in it. so we can pay you in baht or iraqi dinars? I used to have a 100 billion dollar bill (Zi...
by Olemiss540
Thu Apr 25, 2019 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Want to Gift New Family Addition
Replies: 6
Views: 469

Re: Want to Gift New Family Addition

What state are you in? Can you receive an income tax deduction for contributions or are you in Florida as well?
by Olemiss540
Wed Apr 24, 2019 8:57 am
Forum: Personal Finance (Not Investing)
Topic: What, if anything, do I owe this guy?
Replies: 82
Views: 8189

Re: What, if anything, do I owe this guy?

Just FYI, the 2% fee for the assets under management was likely just the tip of the iceberg. It is very likely that he would have invested the money in some combination of funds with high fees, loads, and maybe annuities. You dodged a bullet. This is a certainty. Once you realize the 1.2 ER funds y...
by Olemiss540
Fri Apr 19, 2019 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: DW worried about What if ...? Wishes to pay off mortgage
Replies: 33
Views: 3170

Re: DW worried about What if ...? Wishes to pay off mortgage

With a NW of only 500k including the house at your age, I would be more worried about the low liquidity/investments versus the house payment.

Keep sending every additional dollar ramping this up for the next 5 years and then reconsider if it is still bothering you both.

And get life insurance.