Search found 377 matches

by Olemiss540
Fri Feb 23, 2018 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing a mortgage, plan to pay off ~7-10 years.
Replies: 4
Views: 365

Re: Choosing a mortgage, plan to pay off ~7-10 years.

The 15 year vs 30 year spread looks wrong? Might double or tripe check those. In my area, 30 yr rates (with 0 pts) are 4.4ish and 15 yr rates at 3.95 or so.... If the rates you quoted are right, why would you ever go with a 15 yr note? I would choose the 30 year fixed and pay off on a 10yr schedule....
by Olemiss540
Fri Feb 23, 2018 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on changing withholding for 2018? Complicating factors!
Replies: 7
Views: 498

Re: Thoughts on changing withholding for 2018? Complicating factors!

Maybe do your 2018 taxes now? Use the 2017 forms and adjust for the 2018 changes. I have a spreadsheet version of my 1040 that just requires me to fill in the blanks. I modified the taxes due based on the new tax brackets, changed the standard deduction and removed the personal exemption. You'd hav...
by Olemiss540
Fri Feb 23, 2018 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Any wisdom in rolling pre-tax 401k funds into a Roth?
Replies: 7
Views: 479

Re: Any wisdom in rolling pre-tax 401k funds into a Roth?

I have considered this as well as a way of expanding my tax advantaged space instead of taxable investing.

Also considering due to the new 22% bracket and the fact that my state does not tax conversions (5% savings).
by Olemiss540
Fri Feb 23, 2018 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Career advice - to apply for promotion or not
Replies: 6
Views: 836

Re: Career advice - to apply for promotion or not

Further education, whether a business degree focused on tea pots or a certificate in teapots or similar might help you but that is not an immediate solution. Finding a mentor who can help you advance may also help. Another option might be to transfer your teapot skills into a similar industry such ...
by Olemiss540
Fri Feb 23, 2018 8:24 am
Forum: Personal Finance (Not Investing)
Topic: HSA sucks: Help
Replies: 9
Views: 1615

Re: HSA sucks: Help

You make 250k but are concerned about $25 per year.

Roll it over at the end of every year and don't worry about it. .3 ER is ALOT to a Boglehead, but 12 months is nothing.
by Olemiss540
Wed Feb 21, 2018 8:19 pm
Forum: Personal Consumer Issues
Topic: What UN-frugal thing do you do?
Replies: 163
Views: 7611

Re: What UN-frugal thing do you do?

Building a race car with a LSx swap.

Only way to win a million dollars racing is to start with 2!
by Olemiss540
Tue Feb 20, 2018 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Considering move to Tulsa, OK
Replies: 21
Views: 2284

Re: Considering move to Tulsa, OK

Jenks, broken arrow, Owasso are all fine. Lived there for 4 years and was happy to leave personally.... Not the cleanest or most aesthetically pleasing places to live. Industrial feeling most everywhere but I was born in the Midwest so used to more greenery I guess.... Anyone ever tell you why it is...
by Olemiss540
Fri Feb 16, 2018 7:49 am
Forum: Investing - Help with Personal Investments
Topic: 2 year portfolio check
Replies: 17
Views: 1328

Re: 2 year portfolio check

Personally I would aim to simplify. Since you are not actively contributing to your taxable account, I would shift entirely to target date funds in your Roth and 401k. The 20k you have in taxable could be simplified by merely investing it all in vanguard total stock market. As an alternative, you co...
by Olemiss540
Wed Feb 14, 2018 7:44 am
Forum: Personal Finance (Not Investing)
Topic: Our 'cure' for emergency expenses
Replies: 96
Views: 10775

Re: Our 'cure' for emergency expenses

Since I would need a 40%+ savings rate to fill ALL tax advantaged accounts, I don't tend to have free taxable cash flow for budgeting for 5+year expenses (not that there is a problem with that). I do what I can to keep savings rate around 30% and keep an ongoing buffer of 1500 or so in my checking a...
by Olemiss540
Wed Feb 14, 2018 7:11 am
Forum: Personal Finance (Not Investing)
Topic: Number at which to stop worrying
Replies: 170
Views: 16845

Re: Number at which to stop worrying

One always needs to be a little worried. At least worried enough not to have an entourage. MC Hammer earned 33 million in 1991 and is now broke. Among other things he had an entourage. He was not at all worried. Worried enough to not have a drug compartment built into their car. Loaiza had earned s...
by Olemiss540
Tue Feb 13, 2018 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: Savings Rate - Early Retirement
Replies: 13
Views: 1044

Re: Savings Rate - Early Retirement

To be honest, this may not be the best place for feedback as this forum tends to be on the fiscally conservative side. Might want to check in on the FIRE forums to get their take. You may want to stick to investing questions here, just my input based on being around for a bit. With 50% savings rate,...
by Olemiss540
Tue Feb 13, 2018 7:39 am
Forum: Personal Finance (Not Investing)
Topic: Changing jobs while paying down debt
Replies: 4
Views: 462

Re: Changing jobs while paying down debt

$50k more when you need it the most? Sign me up!

Sounds like a blessing given your circumstances. That's a median household's income of increase for driving a pretty reasonable commute....

Does your wife like her job? Have kiddos?
by Olemiss540
Mon Feb 12, 2018 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: Number at which to stop worrying
Replies: 170
Views: 16845

Re: Number at which to stop worrying

A long time ago I thought that if I had $100k I could quit worrying. When I reached that goal, I discovered that I continued to worry just as much as when I had nothing. So I set out to get a million, but the result was the same. I now have several million dollars and I have finally discovered ther...
by Olemiss540
Mon Feb 12, 2018 5:22 pm
Forum: Investing - Help with Personal Investments
Topic: Why paying off loans would be better than fully funding 401k?
Replies: 97
Views: 6986

Re: Help with what to do, pay debt, fund 401k, EF? TLH of taxable to fund one of these

Nate79 wrote:
Sun Feb 11, 2018 1:17 pm
Dave Ramsey's Total Money Makeover. Read it and do it and you could be so far ahead instead of broke.
This. Live like no-one else so that you can LIVE like no-one else!
by Olemiss540
Mon Feb 12, 2018 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: Brokerage or 529's...
Replies: 17
Views: 962

Re: Brokerage or 529's...

I will be putting money in a taxable account first, since it is not clear cut what I am saving for this early in the accumulation phase. Once my savings becomes substantial enough that I am comfortable in my family's future, I will start redirecting into a 529 account. Maybe I am being greedy, but I...
by Olemiss540
Sat Feb 10, 2018 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: Yes, one is required to use the tax tables. So plan wisely to save a few dollars
Replies: 23
Views: 3494

Re: Yes, one is required to use the tax tables. So plan wisely to save a few dollars

I am both impressed and motivated! I don't care how much money you have, if someone offers you $25 for doing essentially nothing you take it. Thanks. The benefit is $25 times your marginal tax rate. Would the benefit be 25*marginal or 25*capital gains rate? I don't have this problem yet (no taxable...
by Olemiss540
Sat Feb 10, 2018 5:36 pm
Forum: Investing - Help with Personal Investments
Topic: With 25x Annual Expenses in Bonds, Does Asset Allocation Really Matter?
Replies: 28
Views: 2992

Re: With 25x Annual Expenses in Bonds, Does Asset Allocation Really Matter?

At a 2% we rate it really doesn't matter either way. Even at 40 you are in great shape. Wonderful job keeping expenses so low with such a high income.
by Olemiss540
Sat Feb 10, 2018 11:58 am
Forum: Investing - Help with Personal Investments
Topic: Smart or lucky by splitting equity allocation?
Replies: 3
Views: 254

Re: Smart or lucky by splitting equity allocation?

Simplicity and risk adjusted returns guide me to be market weighted. I would recommend the same in your situation.

Check out Bogle's speech regarding reversion to the mean.
by Olemiss540
Sat Feb 10, 2018 11:50 am
Forum: Investing - Help with Personal Investments
Topic: What Would you do? (Inheritance)
Replies: 22
Views: 2813

Re: What Would you do? (Inheritance)

Pay off car, bump EF to 45k, and the dump the rest into the market (total stock and total international). It seems your short term (5-8 years) needs can be met with your salary, so why not invest in your future self. Would DEFINATELY bring the financial independence date up a few years! Can always b...
by Olemiss540
Sat Feb 10, 2018 11:36 am
Forum: Personal Finance (Not Investing)
Topic: How to prepare for impact of marked inflation, devalue of dollar
Replies: 10
Views: 904

Re: How to prepare for impact of marked inflation, devalue of dollar

Ensure a VERY strong relationship with your children so they will help sustain you with forraged and hunted foods. You have positioned yourself nicely. Don't listen to the noise and shut off the news. Spend time outdoors and away from electronics. Focus on your personal relationships (family, friend...
by Olemiss540
Sat Feb 10, 2018 8:33 am
Forum: Investing - Help with Personal Investments
Topic: CD Ladder or Treasuries ?
Replies: 17
Views: 1416

Re: CD Ladder or Treasuries ?

I have both. I have a 5 year CD ladder for which I'm starting to add Treasuries if the rate is comparable or better. Right now, 1 year Treasuries are at about 2%, which is better than CD's from a state taxation standpoint depending on where you live. Hello! Basic question that I somehow have not be...
by Olemiss540
Sat Feb 10, 2018 8:03 am
Forum: Investing - Help with Personal Investments
Topic: Wellington Fund: where is the special sauce?
Replies: 18
Views: 2318

Re: Wellington Fund: where is the special sauce?

I hold target dates funds (4 fund portfolio) because I do not believe in my ability to pick stocks OR stock pickers.

Edit: sounds like a good line for a signature. I have to see what I was missing all this time.
by Olemiss540
Sat Feb 10, 2018 7:58 am
Forum: Investing - Help with Personal Investments
Topic: Invest in 5% bond or Roth IRA?
Replies: 9
Views: 786

Re: Invest in 5% bond or Roth IRA?

I have an opportunity to invest in bonds at 5% interest rate, low risk and terms from 6 months to 1 year roughly. The other option is to put this money into my Roth IRA, which has a balance of ~$1.2k in VTI only. Which would be give me better return? How do I do this calculation? Anything I earn an...
by Olemiss540
Sat Feb 10, 2018 7:52 am
Forum: Investing - Help with Personal Investments
Topic: CD Ladder or Treasuries ?
Replies: 17
Views: 1416

Re: CD Ladder or Treasuries ?

I have both. I have a 5 year CD ladder for which I'm starting to add Treasuries if the rate is comparable or better. Right now, 1 year Treasuries are at about 2%, which is better than CD's from a state taxation standpoint depending on where you live. Hello! Basic question that I somehow have not be...
by Olemiss540
Fri Feb 09, 2018 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Sell taxable investments to pay off loan?
Replies: 17
Views: 884

Re: Sell taxable investments to pay off loan?

Rainier wrote:
Fri Feb 09, 2018 5:49 pm
If there is no tax this is a no brainer.

It was an even bigger no brainer two weeks ago....where were you?
This. Guaranteed 6.5%? I will happily sign up for that!
by Olemiss540
Fri Feb 09, 2018 12:40 pm
Forum: Investing - Theory, News & General
Topic: TLH for absolute dummies [Tax Loss Harvesting]
Replies: 269
Views: 39692

Re: TLH for absolute dummies [Tax Loss Harvesting]

Figured it might be an optimum time to put this post back on the front page to discuss opportunities to do some "winter harvesting". :sharebeer
by Olemiss540
Fri Feb 09, 2018 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Piggyback Mortgage
Replies: 15
Views: 909

Re: Piggyback Mortgage

8 would say you are getting closer and closer to an emergency with your debt situation. You need to get in control of your spending regardless of fertility treatments by getting on a budget NOW. This can include money for treatments and pregnancy, but it has to zero out (not be negative). Go to the ...
by Olemiss540
Thu Feb 08, 2018 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another "what to do with money" thread
Replies: 14
Views: 1380

Re: Yet another "what to do with money" thread

Leveraging 0% credit cards to invest in equities MUST be a result of the last 8 years of returns. I promise you that returns DO get worse than 0% on a short term basis. Maybe I am just overly conservative.
by Olemiss540
Thu Feb 08, 2018 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another "what to do with money" thread
Replies: 14
Views: 1380

Re: Yet another "what to do with money" thread

I see it as the quicker you pay your credit card off, the quicker you can get money in the market. The 6 or 7 months ahead may or may not have higher returns than 0%, but upon retirement it wont make a difference. Just get it paid off and then start putting everything you can into the market withou...
by Olemiss540
Wed Feb 07, 2018 10:22 am
Forum: Investing - Help with Personal Investments
Topic: 31 y.o. - Here's What I'm Doing; What Can I be Doing Better?
Replies: 15
Views: 2289

Re: 31 y.o. - Here's What I'm Doing; What Can I be Doing Better?

Marginal state tax rate? If in a 0% tax state, I would be very tempted to continue fully funding Roth accounts while in the 12% bracket. You are on path to have a very large investment balance. What is your retirement date? Maybe put enough traditional to get up to the bottom of the 12% projected a...
by Olemiss540
Wed Feb 07, 2018 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Yet another "what to do with money" thread
Replies: 14
Views: 1380

Re: Yet another "what to do with money" thread

Credit card payoff. The faster that is paid off, the faster you can increase the monthly contributions to your IRA. What's your tax bracket (state and local)? What are your current retirement balances? You can always use Roth IRA CONTRIBUTIONS as a part of your emergency fund so I would not worry a...
by Olemiss540
Wed Feb 07, 2018 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Yet another "what to do with money" thread
Replies: 14
Views: 1380

Re: Yet another "what to do with money" thread

Credit card payoff. The faster that is paid off, the faster you can increase the monthly contributions to your IRA. What's your tax bracket (state and local)? What are your current retirement balances? You can always use Roth IRA CONTRIBUTIONS as a part of your emergency fund so I would not worry ab...
by Olemiss540
Wed Feb 07, 2018 7:42 am
Forum: Investing - Help with Personal Investments
Topic: I've never rebalanced - Can I do ok without it?
Replies: 35
Views: 4231

Re: I've never rebalanced - Can I do ok without it?

Are your expenses covered by your income? If so, than I see no issue with your portfolio. No need to think too deep about it as it seems you would MUCH prefer to leave it alone. If you don't need the portfolio income for living expenses than it matters little what your asset allocation is and that y...
by Olemiss540
Tue Feb 06, 2018 7:57 pm
Forum: Investing - Help with Personal Investments
Topic: 31 y.o. - Here's What I'm Doing; What Can I be Doing Better?
Replies: 15
Views: 2289

Re: 31 y.o. - Here's What I'm Doing; What Can I be Doing Better?

Marginal state tax rate? If in a 0% tax state, I would be very tempted to continue fully funding Roth accounts while in the 12% bracket. You are on path to have a very large investment balance. What is your retirement date? Maybe put enough traditional to get up to the bottom of the 12% projected at...
by Olemiss540
Tue Feb 06, 2018 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Try for promotion? Have you faced similar?
Replies: 9
Views: 1180

Re: Try for promotion? Have you faced similar?

For one thing, the pay increase alone could cut your retirement date from 23 years to more like 15 or so if you bank the whole increase (totally ballpark estimate, but bottom line is you could move up your retirement date dramatically). Besides, learning and growing and stretching is part of the be...
by Olemiss540
Tue Feb 06, 2018 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Recently divorced trying to clear all of my credit card debt.
Replies: 46
Views: 2967

Re: Recently divorced trying to clear all of my credit card debt.

Dave Ramsey. Check out The Total Money Makeover from the library and work his plan (on debt reduction). Once out of debt with 3 months emergency fund, come back here for investing advice. Beans and Rice, Rice and Beans. Live like noone else so that later you can live like noone else. DO NOT CASH OUT...
by Olemiss540
Sun Feb 04, 2018 10:00 pm
Forum: Investing - Help with Personal Investments
Topic: Need some advice on my financial situation
Replies: 21
Views: 1371

Re: Need some advice on my financial situation

perl wrote:
Sun Feb 04, 2018 8:33 pm
Agreed on keeping the short commute.

Instead of putting 2k/month in a taxable account, you should max out your 401k first. You're passing up tax deferral that is valuable in your tax bracket.

Are you eligible for an HDHP and HSA?
This x1000.
by Olemiss540
Sun Feb 04, 2018 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Hole
Replies: 163
Views: 13400

Re: Financial Hole

Go to the library and check out Dave Ramsey The Total Money Makeover.

Work the plan and come back with specific issues or questions for support. Also check out other frugal village or similar forums about Dave Ramsey
by Olemiss540
Sun Feb 04, 2018 9:22 am
Forum: Personal Finance (Not Investing)
Topic: How to think about your house from a financial perspective
Replies: 89
Views: 6767

Re: How to think about your house from a financial perspective

A house is an investment that might look something like: 4-5% dividend yield (imputed rent)(after tax yield) 1-2% ER (some of which is pre-tax, some post-tax) 3-4% transaction fee (per transaction) 0% expected real return (tax free to 250/500K) I like this analogy. Except in IL the property tax rat...
by Olemiss540
Sun Feb 04, 2018 7:52 am
Forum: Investing - Help with Personal Investments
Topic: Am I saving enough?
Replies: 34
Views: 3172

Re: Am I saving enough?

Also, consider just sending your upcoming raises to your 401k so the transition is easier and not so overwhelming. After 5 or 7 years, your saving rate could be closer to 25% and fully automated..
by Olemiss540
Sun Feb 04, 2018 7:16 am
Forum: Investing - Help with Personal Investments
Topic: Am I saving enough?
Replies: 34
Views: 3172

Re: Am I saving enough?

Short answer, nope. Need to adjust you rate of return down to 4 or 5 percent to remove the effects of inflation. Assuming your pension is funded and healthy, I would plan for a goal of at least 80k/year from your portfolio. At an age of 53, a 3.5%Withdrawal Rate gives $2.285 Million nest egg needed...
by Olemiss540
Sat Feb 03, 2018 6:19 pm
Forum: Investing - Help with Personal Investments
Topic: What Would You Do With $100,000 Right Now
Replies: 28
Views: 2839

Re: What Would You Do With $100,000 Right Now

Payoff my house. What do I win? Give this guy the win, he deserves it. OP, You might get better responses (higher quality than mine atleast) by posting your post in "asking portfolio questions" format in the wiki. Things like existing assets, tax rates, contribution rates etc etc help to guide what...
by Olemiss540
Sat Feb 03, 2018 6:16 pm
Forum: Investing - Help with Personal Investments
Topic: What Would You Do With $100,000 Right Now
Replies: 28
Views: 2839

Re: What Would You Do With $100,000 Right Now

Payoff my house.

What do I win?
by Olemiss540
Sat Feb 03, 2018 6:15 pm
Forum: Investing - Help with Personal Investments
Topic: Please help me with my AA between a 401(k) and ROTH
Replies: 5
Views: 265

Re: Please help me with my AA between a 401(k) and ROTH

Why not list the target date options? That's what I would recommend with a mid 5 figure portfolio, and any portfolio without a taxable arm for that matter. Stick it in a target date fund (if expense ratio is low) and go! Also, your tax bracket should be updated to reflect the latest tax brackets for...
by Olemiss540
Sat Feb 03, 2018 6:07 pm
Forum: Investing - Help with Personal Investments
Topic: Am I saving enough?
Replies: 34
Views: 3172

Re: Am I saving enough?

Short answer, nope. Need to adjust you rate of return down to 4 or 5 percent to remove the effects of inflation. Assuming your pension is funded and healthy, I would plan for a goal of at least 80k/year from your portfolio. At an age of 53, a 3.5%Withdrawal Rate gives $2.285 Million nest egg needed....
by Olemiss540
Sat Feb 03, 2018 10:24 am
Forum: Investing - Help with Personal Investments
Topic: leave index funds and robo for an advisor firm?
Replies: 9
Views: 1075

Re: leave index funds and robo for an advisor firm?

It's not clear to me how a portfolio of 40% VTI, 40% Intelligent Portfolio, and 20% stock could be down to break-even from 6 months ago. The market dropped 2% yesterday...after rising 6% in the month of January alone. In any case, that isn't what really matters. The truth is there are plenty of adv...
by Olemiss540
Fri Feb 02, 2018 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Selling and buying a home in a high market
Replies: 9
Views: 796

Re: Selling and buying a home in a high market

Can you add a question or otherwise make your post actionable? I have a feeling this one is headed to lock status if you don't..... Completely agree on the mortgage rates and property taxes preventing me from upgrading. It is probably a very good thing for my retirement date but not so good on my ma...
by Olemiss540
Fri Feb 02, 2018 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: How to Value Multiple Offers
Replies: 8
Views: 660

Re: How to Value Multiple Offers

Is relocation out of the question? I HATE to weigh a non-guarenteed bonus too heavily, so off the top of my head I am going with option 2. 30 min seems like a shortish commute and Job 1 I would value at a 5-8% bump after taking into account the non-guaranteed nature of the bonus. If I had job 2, no ...
by Olemiss540
Fri Feb 02, 2018 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Increase withholding or pay quarterly taxes
Replies: 9
Views: 715

Re: Increase withholding or pay quarterly taxes

Increase withholding. There are quite a few rules where withholding rather than estimated payments gets you the benefit of the doubt. The hard part is to figure out how much extra tax you need to pre-pay. Once you have that number you can figure out quarterly estimated tax payments by dividing by f...
by Olemiss540
Fri Feb 02, 2018 7:26 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford this house?
Replies: 50
Views: 4372

Re: Can I afford this house?

You state that another alternative is to rent for 5500 a mo in an upgraded condo? I would do that! You can definitely afford to buy the townhouse, but have you priced private tuition for 2? How much is that going to cost you? Personally, I would consider increasing my Emergency Fund and/or down paym...