Search found 745 matches

by Olemiss540
Thu Jan 17, 2019 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: How long until we see negative ER funds?
Replies: 32
Views: 1779

Re: How long until we see negative ER funds?

Learn something new every day. Maybe these zero funds AREN'T a loss leader for fidelity.
by Olemiss540
Thu Jan 17, 2019 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: HELP and advice
Replies: 11
Views: 664

Re: HELP and advice

I too was a single professional female. If I had to list my financial regrets buying a house too soon is fairly high (the other would be buying a "new" car rather than paying off my student loan first but you beat me on that) This. You have a VERY low rent and flexibility on where you could be in t...
by Olemiss540
Thu Jan 17, 2019 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Paying extra on mortgage - what am I missing?
Replies: 44
Views: 2461

Re: Paying extra on mortgage - what am I missing?

You are missing calculating the interest you paid in that 22 years. The principal may have reduced to 100k, but my guess is you paid 85k in interest so really you lost 30k or something along those lines overall.

Edit: By the time I posted you received a bunch of more helpful answers so disregard!
by Olemiss540
Wed Jan 16, 2019 7:54 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 792
Views: 37392

Re: John Bogle is dead at 89

Sadness. Love. Respect. Not sure what I am feeling, but it is the strongest I have felt for a man I have never met.

We will miss you Jack.
by Olemiss540
Wed Jan 16, 2019 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Have I Now Become Out of Touch Financially? Aging question...
Replies: 62
Views: 6476

Re: Have I Now Become Out of Touch Financially? Aging question...

Yes. You are out of touch. The entirety of SoCal is out of touch. Come visit the midwest or south and see how many people drive 100k-200k cars or live in million dollar houses. Heck, if I see a CPO Mercedes driving around it requires a double take. You would instantly become one of the flashiest peo...
by Olemiss540
Wed Jan 16, 2019 3:53 pm
Forum: Investing - Help with Personal Investments
Topic: Roth contribution with the HEART act
Replies: 8
Views: 749

Re: Roth contribution with the HEART act

I am looking to make a Roth contribution with the HEART act. I do not want to invest in the stock market. I prefer to invest in CDs. Should I do it through a brick and mortar bank, online bank or brokerage house? I do not need to use the money but I want as little risk as possible. I just do not wa...
by Olemiss540
Wed Jan 16, 2019 3:48 pm
Forum: Investing - Help with Personal Investments
Topic: 37% marginal tax rate --> does Roth 401k make sense?
Replies: 33
Views: 2107

Re: 37% marginal tax rate --> does Roth 401k make sense?

Thanks for all your comments so far. Just to clarify, the $62,500 of tax-protected space is all 401k - including traditional pre-tax 401(k) ($24,500 minimum) and flexible pre-tax or Roth 401(k) for the remainder. So this is separate from any taxable contributions we'd make. Our current state tax ra...
by Olemiss540
Wed Jan 16, 2019 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: Variable annuity, a success story?
Replies: 42
Views: 1978

Re: Variable annuity, a success story?

I am guessing you are trying to pick a fight, I know the board hates variable annuities, I am pretty sure you came here to spur confrontation and conflict. Is it really a surprise given your opening statement? Here are my takeaways: 1. Variable annuities are usually a bad deal. 2. Except when they ...
by Olemiss540
Wed Jan 16, 2019 2:58 pm
Forum: Investing - Help with Personal Investments
Topic: 37% marginal tax rate --> does Roth 401k make sense?
Replies: 33
Views: 2107

Re: 37% marginal tax rate --> does Roth 401k make sense?

For the first time in our lives, our combined income will put DH and I in the highest federal tax bracket. I always I assumed we'd stick to pre-tax 401(k) under these circumstances, but now we're not so sure, because we also now have more tax protected space to work with. Between our 401K and Roth ...
by Olemiss540
Wed Jan 16, 2019 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: Variable annuity, a success story?
Replies: 42
Views: 1978

Re: Variable annuity, a success story?

I wanted to post a potential success story my father just had I checked how a 65/35 VT/BND $50k investment would have done since 2010 - it would have only grown to 81k as of today. Let’s say it will grow to $86k by 2020. That amount would buy an SPIA of $5,300/yr. Success Story? Is $5300 > $5000? B...
by Olemiss540
Wed Jan 16, 2019 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford a 50k car? If so, whats the best way to do it?
Replies: 48
Views: 2042

Re: Can I afford a 50k car? If so, whats the best way to do it?

How is the $1.3M invested (is it)? You have $2M at age 30 so you can do whatever you want, assuming you live comfortably on your $60K minimum salary. You are in a position to retire early should you desire, which this won't help. I assume given the age of this car that maintenance will be significa...
by Olemiss540
Wed Jan 16, 2019 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Boost Emergency Fund or Pay Down Debt?
Replies: 13
Views: 795

Re: Boost Emergency Fund or Pay Down Debt?

I would sell the car and buy something more modest until you have enough saved to upgrade. That's alotta car for someone with a small emergency fund. Get a 10k honda or something and use the rest of your cash to get some money in investments. In a couple years, you will have a big buffer and plenty...
by Olemiss540
Wed Jan 16, 2019 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Boost Emergency Fund or Pay Down Debt?
Replies: 13
Views: 795

Re: Boost Emergency Fund or Pay Down Debt?

I would sell the car and buy something more modest until you have enough saved to upgrade. That's alotta car for someone with a small emergency fund. Get a 10k honda or something and use the rest of your cash to get some money in investments. In a couple years, you will have a big buffer and plenty ...
by Olemiss540
Tue Jan 15, 2019 7:20 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement accounts maxed out, what to do with extra cash?
Replies: 32
Views: 2013

Re: Retirement accounts maxed out, what to do with extra cash?

In stead of paying down your mortgage (with low interest rate of 3.81%), consider the followings: 1. Use extra money as down pay to buy an investment (rental) property at a good location; 2. Unless your contribution to 401(k) is matched by your employer, do NOT contribute to 401(k), as tax rate wou...
by Olemiss540
Tue Jan 15, 2019 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford a 50k car? If so, whats the best way to do it?
Replies: 48
Views: 2042

Re: Can I afford a 50k car? If so, whats the best way to do it?

How is the $1.3M invested (is it)? You have $2M at age 30 so you can do whatever you want, assuming you live comfortably on your $60K minimum salary. You are in a position to retire early should you desire, which this won't help. I assume given the age of this car that maintenance will be significa...
by Olemiss540
Tue Jan 15, 2019 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage: 15 vs 30 year
Replies: 56
Views: 4007

Re: Mortgage: 15 vs 30 year

I would opt for the 30 year mortgage. I am a retired mortgage banker, and saw many folks struggle with the higher payments of the 15 year mortgage. The struggles usually begin with job loss or income reductions during a recession, or other family difficulty. Refinancing to 30 years can often be dif...
by Olemiss540
Mon Jan 14, 2019 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Goal Setting, feeling like treading water
Replies: 4
Views: 794

Re: Goal Setting, feeling like treading water

MOVE! You are young. Nashville is an awesome town (or so I have heard). Get out of your comfort level. Go somewhere you both can explore while it is just you two and you have the energy. Live somewhere there is a good opportunity for you both and where you can actually AFFORD a nice place. Kansas ci...
by Olemiss540
Mon Jan 14, 2019 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Experience with HSA to HSA trustee transfer?
Replies: 41
Views: 1830

Re: Experience with HSA to HSA trustee transfer?

In my case, yes, it's fees and a $2,000 cash requirement (paying 0.25% interest). My employer HSA charges $2/month plus 5 bp/quarter (20 bp/year). On a $50K HSA that's $124/year plus cash drag. They do not, however, charge for transfers, so I was making roughly quarterly transfers to Lively. Going ...
by Olemiss540
Mon Jan 14, 2019 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Experience with HSA to HSA trustee transfer?
Replies: 41
Views: 1830

Re: Experience with HSA to HSA trustee transfer?

In my case, yes, it's fees and a $2,000 cash requirement (paying 0.25% interest). My employer HSA charges $2/month plus 5 bp/quarter (20 bp/year). On a $50K HSA that's $124/year plus cash drag. They do not, however, charge for transfers, so I was making roughly quarterly transfers to Lively. Going ...
by Olemiss540
Mon Jan 14, 2019 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage: 15 vs 30 year
Replies: 56
Views: 4007

Re: Mortgage: 15 vs 30 year

There's definitely an argument for that direction, but the OP's plans have a significant likelihood of changing over a period as long as eight years. And considering the upward direction of interest rates, he could get really hosed by an ARM if he has to remain in the home over a lengthy period. I ...
by Olemiss540
Mon Jan 14, 2019 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Savings/Money Market for parking cash
Replies: 19
Views: 2061

Re: Savings/Money Market for parking cash

VUSXX (Vanguard Treasury Fund) has a current SEC yield of 2.3% and is state tax free which may increase your returns even more. This is where my cash is parked due to the rising interest environment and simplicity of not having to deal with penalties, chasing teaser rates, and my states income taxes.
by Olemiss540
Mon Jan 14, 2019 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage: 15 vs 30 year
Replies: 56
Views: 4007

Re: Mortgage: 15 vs 30 year

barnaclebob wrote:
Mon Jan 14, 2019 10:14 am
$25-$100 a month depending on the difference in interest rate and size of the loan.
To be more precise, it will cost you a minimum of 40 bucks per month PER $100k in outstanding balance (at .5% difference in rate).
by Olemiss540
Mon Jan 14, 2019 7:37 am
Forum: Personal Finance (Not Investing)
Topic: Experience with HSA to HSA trustee transfer?
Replies: 41
Views: 1830

Re: Experience with HSA to HSA trustee transfer?

I checked on Optum's website, and they do charge $20 for withdrawals/transfers out and account closure. In the menu, I have the choice to either Pay a provider or "Reimburse myself" via ACH transfer to my account. No option for withdrawals, but I suppose I can use the Reimburse Yourself option, rig...
by Olemiss540
Sun Jan 13, 2019 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Keeping up with inflation?
Replies: 18
Views: 2337

Re: Keeping up with inflation?

I think you are taking it out of context. People say to invest so that your cash does not erode due to inflation. If you stick money into a low interest savings account, your money is going to slowly dwindle in spending value over 15-30 years VERY DRAMATICALLY. That is why investing at your asset al...
by Olemiss540
Sun Jan 13, 2019 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Took on too much mortgage, seeking advice on where to put money going forward
Replies: 46
Views: 5161

Re: Took on too much mortgage, seeking advice on where to put money going forward

3-5 years? Transaction costs alone are probably on the order of 40-45k (closing costs and realtor fees) for this 3 year living arrangement, let alone the sunk costs of insurance/maintenance/interest/etc. I feel like our society has been drugged and confused into lack of understanding with regards to...
by Olemiss540
Sun Jan 13, 2019 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Should I pay more than the minium on my mortgage?
Replies: 39
Views: 5191

Re: Should I pay more than the minium on my mortgage?

At 10%, you are putting away around $5,000 into 401(k) a year, far less than the current maximum of $19,000. I would increase the 401(k) contribution before paying more on mortgage. Tax advantaged space is too valuable to miss. Paying more on mortgage does not increase liquidity in the short run. I...
by Olemiss540
Sat Jan 12, 2019 10:10 am
Forum: Personal Consumer Issues
Topic: Preventative home & auto checks
Replies: 30
Views: 2159

Re: Preventative home & auto checks

For our house, we proactively replaced the water heater within a year of moving in - apparently, it was the ORIGINAL water heater to the house, and was 34 years old. :shock: :shock: For the car, I would much rather replace and repair things proactively than be stranded somewhere on my 50-mile-each-...
by Olemiss540
Sat Jan 12, 2019 10:04 am
Forum: Personal Consumer Issues
Topic: Brake fluid replacement?
Replies: 68
Views: 3779

Re: Brake fluid replacement?

Brake fluid can go a LONG time. It is less effective under high temp use the longer it ages (due to water content increase) but "work" as long as it is not overheated. In a lexus on original pads, I would be surprised if you could go the rest of your vehicle's useful life without getting a soft peda...
by Olemiss540
Sat Jan 12, 2019 9:21 am
Forum: Investing - Help with Personal Investments
Topic: Schwab 3 Fund Example in the Wiki Still the Model?
Replies: 12
Views: 544

Re: Schwab 3 Fund Example in the Wiki Still the Model?

If you want emerging markets exposure, you'll need to add another fund. For that reason, I use the Vanguard international fund (VTIAX/VXUS) instead of SWISX. Wouldn't SWISX contain emerging markets at market weight? No. From the Schwab description: The investment seeks to track the performance of a...
by Olemiss540
Sat Jan 12, 2019 9:10 am
Forum: Investing - Help with Personal Investments
Topic: Schwab 3 Fund Example in the Wiki Still the Model?
Replies: 12
Views: 544

Re: Schwab 3 Fund Example in the Wiki Still the Model?

ScroogeMcDuck wrote:
Sat Jan 12, 2019 9:07 am
If you want emerging markets exposure, you'll need to add another fund. For that reason, I use the Vanguard international fund (VTIAX/VXUS) instead of SWISX.
Wouldn't SWISX contain emerging markets at market weight or is it more of a large cap tilted international fund?
by Olemiss540
Sat Jan 12, 2019 9:09 am
Forum: Investing - Help with Personal Investments
Topic: Schwab 3 Fund Example in the Wiki Still the Model?
Replies: 12
Views: 544

Re: Schwab 3 Fund Example in the Wiki Still the Model?

Well at some point I hope to start a taxable account and thought managing it in an IRA was like learning to ride a bike with traing. My other account is in SWYNX, so I guess I will just stick it there. There is no downside (except convenience and time) to doing a three find portfolio so go ahead if...
by Olemiss540
Sat Jan 12, 2019 8:51 am
Forum: Investing - Help with Personal Investments
Topic: Schwab 3 Fund Example in the Wiki Still the Model?
Replies: 12
Views: 544

Re: Schwab 3 Fund Example in the Wiki Still the Model?

No reason other than I just want to try my hand at managing a fund portfolio and seeing how the performances compare.I probably have 40 years until retirement (I am 30). Not a good reason, and can lead to performance chasing which will drag down returns. I highly recommend sticking with a target da...
by Olemiss540
Sat Jan 12, 2019 8:34 am
Forum: Investing - Help with Personal Investments
Topic: Clueless About Personal Finance At Age 30: Grew Up Poor, Now Make $400K+. Have No Clue What To Do With Money.
Replies: 29
Views: 5485

Re: Clueless About Personal Finance At Age 30: Grew Up Poor, Now Make $400K+. Have No Clue What To Do With Money.

You seem extremely concerned (rightfully so) about tax efficiency. There is a very good summary in the wiki termed "Tax efficient fund placement" or something along those lines. Breaking it down: Two investment options, stocks and bonds. If your taxable account is for needs greater than 7 years away...
by Olemiss540
Fri Jan 11, 2019 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Experience with HSA to HSA trustee transfer?
Replies: 41
Views: 1830

Re: Experience with HSA to HSA trustee transfer?

You do not have to withdraw all of you money when you do a rollover. The disadvantage to the rollover is that it can only be done once per rolling 12 month period. All you have to do is make a normal withdraw from your employer HSA, then mail in a check for the same amount and the deposit slip belo...
by Olemiss540
Fri Jan 11, 2019 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 90
Views: 10102

Re: Millionaire by 40 and How you Did it?

This has been hashed (consider reading the comprehensive net worth thread), but it comes down to mathematics and savings rate (LBYM) in almost all circumstances. What return you have gotten (many 40 YO have ridden the latest bull market successfully whereas the current 30 YO shouldn't count on the s...
by Olemiss540
Fri Jan 11, 2019 10:27 am
Forum: Investing - Help with Personal Investments
Topic: American Funds (No Loads) vs Vanguard Index Funds
Replies: 30
Views: 2139

Re: American Funds (No Loads) vs Vanguard Index Funds

...My adviser (who is a fiduciary)... Serious question. How do you know that your advisor is a fiduciary? Do you have something on paper signed by your advisor himself that says so? That is, that the particular person who is giving you advice is a fiduciary? (As opposed to, say, making an offhand r...
by Olemiss540
Thu Jan 10, 2019 7:28 pm
Forum: Investing - Help with Personal Investments
Topic: Maxing Roth and maxing the match - Investment help
Replies: 28
Views: 1203

Re: Maxing Roth and maxing the match - Investment help

The status as of Dec 31 of this year is what matters. Based on your response I would say your tax status is Married Filing Jointly. What does your fiance/fiancee earn? If your salary alone supports both of you, then I would suggest 1. Max HSA 2. Max the SIMPLE IRA This would get your adjusted gross...
by Olemiss540
Thu Jan 10, 2019 7:23 pm
Forum: Investing - Help with Personal Investments
Topic: 35...am I on the right track? Feeling overwhelmed with options
Replies: 12
Views: 2029

Re: 35...am I on the right track? Feeling overwhelmed with options

SLOW DOWN! You are not in a race, you are worried about the first 3 steps at the beginning of a marathon. Read, read, read, and read some more on this site as folks discussion questions, check out the wiki, continue your education. As you get more and more comfortable, these seemingly BIG and compli...
by Olemiss540
Thu Jan 10, 2019 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Help me evaluate Job offer (Physician)
Replies: 13
Views: 1981

Re: Help me evaluate Job offer (Physician)

Not a doc, but quick thought. If you are 90% percentile in productivity at current position, why do you believe you will be middle of the road in your next (productivity based position)? If I knew I was highly productive, I would probably fight for a productivity based pay scale. This opportunity o...
by Olemiss540
Thu Jan 10, 2019 6:49 pm
Forum: Investing - Help with Personal Investments
Topic: Complete Financial Overhaul - help!
Replies: 12
Views: 1504

Re: Complete Financial Overhaul - help!

Ok, thank you all for the info provided so far!! I hav updated the above post with the information provided. I bit the bullet and terminated my whole life policy and will be looking for term. I posted all the fund options with my 403b. THe big question with those funds is Are They good enough to ro...
by Olemiss540
Thu Jan 10, 2019 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Help me evaluate Job offer (Physician)
Replies: 13
Views: 1981

Re: Help me evaluate Job offer (Physician)

Not a doc, but quick thought. If you are 90% percentile in productivity at current position, why do you believe you will be middle of the road in your next (productivity based position)? If I knew I was highly productive, I would probably fight for a productivity based pay scale. This opportunity or...
by Olemiss540
Thu Jan 10, 2019 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Building Wealth Through Home Equity--Myth or Reality?
Replies: 94
Views: 6060

Re: Building Wealth Through Home Equity--Myth or Reality?

That may be true but I'm about to do the opposite: 1) buy 350k house on 15yr mortgage at $2400/mo payment. I do not want to do a 30-year mortgage. 2) rent a house valued at 425k for $1800/mo, and save $600/mo extra into a MM account in this case I am favoring option 2. I will be renting a house I c...
by Olemiss540
Thu Jan 10, 2019 6:52 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity vs. Lively HSA
Replies: 14
Views: 1249

Re: Fidelity vs. Lively HSA

Any point in saving the receipts vs the credit card transaction? Is it ultimately for the IRS in case of audit? Why even print and scan if you can take screenshots and upload to cloud? Why even bother at all, I think I'd prefer the dedicated CC route. The least BS from my point of view. I'm not pla...
by Olemiss540
Thu Jan 10, 2019 6:39 am
Forum: Personal Finance (Not Investing)
Topic: Debt free...now what?
Replies: 10
Views: 1531

Re: Debt free...now what?

Thanks for your service!

Can I ask what you mean by "save me the swan songs"?
by Olemiss540
Wed Jan 09, 2019 9:23 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio/Strategy Review - Happy New Year!
Replies: 6
Views: 581

Re: Portfolio/Strategy Review - Happy New Year!

Thanks very much for the feedback. Please see my answers below. I like your plans. A couple things: Emerging markets should be covered in total international (overlap here), why not simplify to a 2 fund portfolio? You're right in the same way an S&P 500 fund includes internationals. A total interna...
by Olemiss540
Wed Jan 09, 2019 7:16 am
Forum: Investing - Help with Personal Investments
Topic: Negative 13.6% return in 401K for 2018
Replies: 55
Views: 5647

Re: Negative 13.6% return in 401K for 2018

This is a GREAT time for us 30 somethings to experience a market correction. I am hoping for much greater losses soon so I can buy shares at steeply discounted prices. The only prices that matter are the price when you buy and price when you sell. Dont sweat inconsistent and shifting prices in betwe...
by Olemiss540
Wed Jan 09, 2019 7:13 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio/Strategy Review - Happy New Year!
Replies: 6
Views: 581

Re: Portfolio/Strategy Review - Happy New Year!

I like your plans. A couple things:

Emerging markets should be covered in total international (overlap here), why not simplify to a 2 fund portfolio?

Why is the match showing 3000 dollars? 5% of 115k should be higher correct?

Good luck and seems like a great path to retirement at 50.
by Olemiss540
Tue Jan 08, 2019 10:32 pm
Forum: Investing - Help with Personal Investments
Topic: Help picking husband's 401k investments
Replies: 17
Views: 1045

Re: Help picking husband's 401k investments

Looks like great options! Personally, I would simplify to a 3 fund portfolio consisting of: Vanguard Dev Mrkts Index Inst Plus Vanguard Institutional Index Plus Vanguard Inter Term Bond The Institutional Index Plus should very closely mirror the Total Stock market index and the Dev Mrkts Index appea...
by Olemiss540
Tue Jan 08, 2019 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: How to prepare for big 401k rollover (time out of the market)?
Replies: 7
Views: 317

Re: How to prepare for big 401k rollover (time out of the market)?

I would completely ignore market changes during a rollover. In the long run, it will be inconsequential anyhow and if it is of some consequence it would be out of my control so not worth tracking it to begin with.....
by Olemiss540
Mon Jan 07, 2019 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Strategic Spending to Hedge Against Future Uncertainity
Replies: 19
Views: 857

Re: Strategic Spending to Hedge Against Future Uncertainity

I view earning, saving and investing money as ends in themselves. They are not just means to spend more later. I dearly hope to come nowhere to close to spending a third of my money over the rest of my life. I would no more run out and take an expensive trip or buy a fancy car than I would convert ...