Search found 466 matches

by Olemiss540
Tue Apr 17, 2018 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Help me explain why pre-tax investing can help when retiring in same bracket
Replies: 83
Views: 6307

Re: Help me explain why pre-tax investing can help when retiring in same bracket

If your tax rate is the same while you are working and while you are retired, then the deferral offers no advantage -- I assume that's the point you're making. No, I'm making the opposite point, that it in fact does offer an advantage. The reason is the difference between effective and marginal tax...
by Olemiss540
Tue Apr 17, 2018 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Overall Help w/ Budget
Replies: 15
Views: 1328

Re: Overall Help w/ Budget

short answer. Get serious about reducing your expenses as much as possible until it hurts. Throw everything at your student loan debt (ext $, summer school, bonuses). You don't want to be mid-50's paying off student loan debt-- at the same time your kids head off to college. Once you have knocked o...
by Olemiss540
Mon Apr 16, 2018 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire at age 40?
Replies: 130
Views: 11229

Re: Can I retire at age 40?

Love the folks who claim it's impossible to support a family of 5 on a $2.8 Mil best egg. Literally nobody has said that. People have stated that the portfolio wouldn't support a $120k annual withdrawal figure. The OP can certainly support a family of 5 if they reduce their withdrawal rate. Literal...
by Olemiss540
Mon Apr 16, 2018 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire at age 40?
Replies: 130
Views: 11229

Re: Can I retire at age 40?

Love the folks who claim it's impossible to support a family of 5 on a $2.8 Mil best egg. Literally nobody has said that. People have stated that the portfolio wouldn't support a $120k annual withdrawal figure. The OP can certainly support a family of 5 if they reduce their withdrawal rate. Literal...
by Olemiss540
Mon Apr 16, 2018 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire at age 40?
Replies: 130
Views: 11229

Re: Can I retire at age 40?

2.8 Mil? Yup. I sure as heck would give it a run. Try and live off of 80k a year and spend some time with the family.

Love the folks who claim it's impossible to support a family of 5 on a $2.8 Mil best egg. I guess we all need someone paying into social security to keep it afloat.
by Olemiss540
Mon Apr 09, 2018 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Parents have zero savings. What can I do?
Replies: 168
Views: 13860

Re: Parents have zero savings. What can I do?

Think of it this way - if you were stranded in a lifeboat with your wife and your mother, which one would you toss overboard when you start to run out of food and water? Your wife, of course. You can always get another wife, but you can't get another mother. This is a very old analogy, but, if you ...
by Olemiss540
Thu Apr 05, 2018 6:01 am
Forum: Investing - Help with Personal Investments
Topic: Cash Arrived At Roth - Buy Three-Funds and Done?
Replies: 7
Views: 587

Re: Cash Arrived At Roth - Buy Three-Funds and Done?

Why not stick with target funds? Same thing except set it and forget it! Get that money invested,
by Olemiss540
Tue Apr 03, 2018 8:04 pm
Forum: Investing - Help with Personal Investments
Topic: Just turned 40 please help me with my portfolio checkup
Replies: 5
Views: 1240

Re: Just turned 40 please help me with my portfolio checkup

How much more room do you have in tax advantaged accounts you are not completely maxing out? I would be very tempted to tweak Roth 401k contributions down to increase pretax contributions until all tax advantaged accounts are maxed. You will have time before SS starts to do Roth conversations if you...
by Olemiss540
Tue Apr 03, 2018 7:57 pm
Forum: Investing - Help with Personal Investments
Topic: I've made it to 30 years old and would like some portfolio help.
Replies: 18
Views: 2721

Re: I've made it to 30 years old and would like some portfolio help.

Choices from fidelity for my 401K FID 500 index PR (FUSVX): 0.035 TRP BLUE CHIP GRTH I (TBCIX): 0.58 VANG EQUITY INC ADM (VERIX): 0.17 AMCENT MD CP VAL R6 (AMDVX): 0.66 FID EXT MKT IDX PR (FSEVX): 0.07 JPM MID CAP GRTH R6 (JMGMX): 0.76 ABF SM CAP VALUE R6 (AASRX): 0.81 VANG EXPLORER ADM (VEXRX): 0....
by Olemiss540
Tue Apr 03, 2018 7:43 pm
Forum: Investing - Help with Personal Investments
Topic: How do Bogleheads Take Advantage of Dips When Fully Invested?
Replies: 55
Views: 7009

Re: How do Bogleheads Take Advantage of Dips When Fully Invested?

I zoom out a little farther on the chart I am looking at. If 1 or 2% is a "buying opportunity", what do you call a 40% dip? I stay invested and continue to invest every single penny I have that is not currently allocated for a purpose. Pick an appropriate AA and stay the course. The 5% drops will be...
by Olemiss540
Mon Apr 02, 2018 7:32 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford this house?
Replies: 44
Views: 3007

Re: Can we afford this house?

Wouldn't be prudent at this juncture (church lady). No WAY I would recommend depleting ALL savings, and DOUBLE expenses right before having your 1st baby. For the sake of enjoying your newborn, this additional financial stress could cause your job performance and marriage to suffer. Give it another ...
by Olemiss540
Fri Mar 30, 2018 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Resign from job or possible termination
Replies: 71
Views: 8080

Re: Resign from job or possible termination

Meditate, exercise, something! Keep working, keep searching, but most importantly try anything you can to fight the stress you are feeling. You need to realize work is not causing this, your mind is causing it! Having been through a debilitating bout of it myself, all I can say is I sympathize and t...
by Olemiss540
Thu Mar 29, 2018 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Maxing 401K dilemma, please help!
Replies: 5
Views: 859

Re: Maxing 401K

#2 is what I do!

You have a fairly sizable cash position already, i would get money into retirement accounts and pull out of the Roth if necessary.

I did it (pulled some contributions out of a Roth), wasn't a big deal.
by Olemiss540
Wed Mar 28, 2018 8:38 am
Forum: Investing - Help with Personal Investments
Topic: HSA from taxable state to non-taxable state
Replies: 5
Views: 407

Re: HSA from taxable state to non-taxable state

I have an Optum account in IL, so I am sure it makes no difference as long as you have met the requirements for residency. Which brokerage platform you use has nothing to do with your money's tax treatment....
by Olemiss540
Tue Mar 27, 2018 8:52 pm
Forum: Investing - Help with Personal Investments
Topic: Anything else we should be doing to be ready for retirement or increase wealth?
Replies: 33
Views: 3765

Re: Anything else we should be doing to be ready for retirement or increase wealth?

Increase wealth? Easy, work hard and focus in your career. The above posters captured budgetary items, I want to know what professional degrees you recently paid off debt on that include salary in the 50-75k range at 35? That seems awfully somewhat low? Possibly make sure you are at market rate? Jo...
by Olemiss540
Tue Mar 27, 2018 6:21 pm
Forum: Investing - Help with Personal Investments
Topic: Anything else we should be doing to be ready for retirement or increase wealth?
Replies: 33
Views: 3765

Re: Anything else we should be doing to be ready for retirement or increase wealth?

Increase wealth? Easy, work hard and focus in your career. The above posters captured budgetary items, I want to know what professional degrees you recently paid off debt on that include salary in the 50-75k range at 35? That seems awfully somewhat low? Possibly make sure you are at market rate? Job...
by Olemiss540
Mon Mar 26, 2018 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: My turn to ask - am I ready for retirement - can I say I'm FI?
Replies: 39
Views: 3723

Re: My turn to ask - am I ready for retirement - can I say I'm FI?

If you need $70,000 a year from your investments from now until age 70, that decreases your nest egg by $700,000 (assuming zero real return as you did). So you are left with $400,000 when you start Social Security. At a 4% to 5% safe withdrawal rate, that gives you $16,000 to $20,000 per year. So c...
by Olemiss540
Mon Mar 26, 2018 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: My turn to ask - am I ready for retirement - can I say I'm FI?
Replies: 39
Views: 3723

Re: My turn to ask - am I ready for retirement - can I say I'm FI?

Personally I would have to say no way. You want to withdraw 6-7 percent off your nest egg starting at age 60?! 10x income is a gross estimation for needs of retirement, at 67 years old.... You are too young to retire with expenses that high with a nest egg in the low 1's. MAYBE if you had 1.6 or 1.7...
by Olemiss540
Mon Mar 26, 2018 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Age: 35 General Budget and Finance Questions (6 years later)
Replies: 22
Views: 3062

Re: Age: 35 General Budget and Finance Questions (6 years later)

One comment you made though that I'm interested in you said I'm behind on retirement. What would you consider I should be at? I thought at 2x annual income ~13 years out of school isn't doing too bad. 2x income at 35 is good according to https://www.fidelity.com/viewpoints/retirement/how-much-money...
by Olemiss540
Sun Mar 25, 2018 8:25 am
Forum: Personal Finance (Not Investing)
Topic: Merrill Edge sold my ETFs without my consent, SEC, FINRA, CFPB?
Replies: 89
Views: 8110

Re: Merrill Edge sold my ETFs without my consent, SEC, FINRA, CFPB?

In another thread In a post dated 7/13/2017 cdog999 (the OP) said: "Yikes, I've been using Ally as my primary "hub" for all my bonuses and MS since Fido shut me down last year. I too use this as my account for everything and keep a hefty balance. But, there is quite a lot moving in and out between ...
by Olemiss540
Sun Mar 25, 2018 8:12 am
Forum: Investing - Help with Personal Investments
Topic: New Member, highly determined! Looking for advice / direction on becoming financially literate
Replies: 34
Views: 2407

Re: New Member, highly determined! Looking for advice / direction on becoming financially literate

Welcome to the forum! Aside this forum which has very knowledgeable people, there is also a "Wiki" that you will find useful: https://www.bogleheads.org/wiki/Main_Page This is the Bogleheads investing strategy: https://www.bogleheads.org/wiki/Bogleheads%C2%AE_investment_philosophy And these are the...
by Olemiss540
Sun Mar 25, 2018 7:18 am
Forum: Investing - Help with Personal Investments
Topic: Any Recent investors here?
Replies: 43
Views: 2790

Re: Any Recent investors here?

I have finally been able to start taxable investing 3 weeks ago. Not a good start, but I have decided to become focused on using new contributions to try to keep the balance going up even as the markets dip down. Has helped motivate me to save even more, and makes the losses hurt less because the b...
by Olemiss540
Sat Mar 24, 2018 7:03 pm
Forum: Investing - Help with Personal Investments
Topic: Protecting principal with no risk: seeking validation Im not crazy or stupid
Replies: 31
Views: 3546

Re: Protecting principal with no risk: seeking validation Im not crazy or stupid

Some great advise above, but if you are looking for validation that you market timing thinly veiled as a recent change in your risk tolerance was an appropriate move, you may have clicked on the wrong bookmarked link. Try Reddit at r/wallstreetbets. Good luck with your decision, but a more thoughtfu...
by Olemiss540
Sat Mar 24, 2018 6:07 pm
Forum: Investing - Help with Personal Investments
Topic: Any Recent investors here?
Replies: 43
Views: 2790

Re: Any Recent investors here?

I have finally been able to start taxable investing 3 weeks ago. Not a good start, but I have decided to become focused on using new contributions to try to keep the balance going up even as the markets dip down. Has helped motivate me to save even more, and makes the losses hurt less because the b...
by Olemiss540
Sat Mar 24, 2018 4:11 pm
Forum: Investing - Help with Personal Investments
Topic: Yearly Checkup
Replies: 11
Views: 1593

Re: Yearly Checkup

What's your plan on be you have kiddos? That's a HEAVY mortgage for both incomes and would be impossible on one. Your retirement funds are light overall and your contribution rate isn't as high as most BHs. On the other hand, impressive job saving 100k in cash, which is important with all the rental...
by Olemiss540
Sat Mar 24, 2018 4:01 pm
Forum: Investing - Help with Personal Investments
Topic: Any Recent investors here?
Replies: 43
Views: 2790

Re: Any Recent investors here?

I have finally been able to start taxable investing 3 weeks ago. Not a good start, but I have decided to become focused on using new contributions to try to keep the balance going up even as the markets dip down. Has helped motivate me to save even more, and makes the losses hurt less because the b...
by Olemiss540
Sat Mar 24, 2018 2:42 pm
Forum: Investing - Help with Personal Investments
Topic: Any Recent investors here?
Replies: 43
Views: 2790

Re: Any Recent investors here?

I have finally been able to start taxable investing 3 weeks ago. Not a good start, but I have decided to become focused on using new contributions to try to keep the balance going up even as the markets dip down. Has helped motivate me to save even more, and makes the losses hurt less because the ba...
by Olemiss540
Sat Mar 24, 2018 2:33 pm
Forum: Investing - Help with Personal Investments
Topic: Yearly Checkup
Replies: 11
Views: 1593

Re: Yearly Checkup

Net worth? Savings per year? Expenses? Target retirement date?

What exactly are you wanting feedback on so we can offer as pointed guidance as possible?

Thanks for posting!
by Olemiss540
Sat Mar 24, 2018 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Should I choose IRA over Roth?
Replies: 19
Views: 1169

Re: Should I choose IRA over Roth?

I would WITHDRAW 6200 from your 2018 Roth CONTRIBUTIONS tax and penalty free and use that to increase your 401k participation to MAX assuming the fee structure is reasonable. That will save you 17.25% (marginal rate) on contributions which will allow you to increase your overall contribution by 130...
by Olemiss540
Sat Mar 24, 2018 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Merrill Edge sold my ETFs without my consent, SEC, FINRA, CFPB?
Replies: 89
Views: 8110

Re: Merrill Edge sold my ETFs without my consent, SEC, FINRA, CFPB?

This story of the person with security clearance getting investigated sounds plausible. There is nothing illegal about MS, but it certainly looks like there might be something off about it to the uninitiated. I've seen reports on forums of individuals doing 100k or more every month. It is hard to i...
by Olemiss540
Sat Mar 24, 2018 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: $35/month for washer dryer rental?
Replies: 37
Views: 2889

Re: $35/month for washer dryer rental?

Hi All, I've got an apartment lease coming up that that I intend to stay at for ~3 years who are offering a washer dryer rental for $35/month, which I think is kind of high. Do you think that $35/month is a reasonable cost? I am wondering if I should just purchase my own washer/dryer in-unit. For e...
by Olemiss540
Sat Mar 24, 2018 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Merrill Edge sold my ETFs without my consent, SEC, FINRA, CFPB?
Replies: 89
Views: 8110

Re: Merrill Edge sold my ETFs without my consent, SEC, FINRA, CFPB?

In another thread In a post dated 7/13/2017 cdog999 (the OP) said: "Yikes, I've been using Ally as my primary "hub" for all my bonuses and MS since Fido shut me down last year. I too use this as my account for everything and keep a hefty balance. But, there is quite a lot moving in and out between ...
by Olemiss540
Sat Mar 24, 2018 9:35 am
Forum: Personal Finance (Not Investing)
Topic: What car should I get
Replies: 35
Views: 2607

Re: What car should I get

Personally, I am a big fan of a used Lexus/Acura over a new Honda/Toyota. Cars are my weakness though!
by Olemiss540
Sat Mar 24, 2018 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Should I choose IRA over Roth?
Replies: 19
Views: 1169

Re: Should I choose IRA over Roth?

I would WITHDRAW 6200 from your 2018 Roth CONTRIBUTIONS tax and penalty free and use that to increase your 401k participation to MAX assuming the fee structure is reasonable. That will save you 17.25% (marginal rate) on contributions which will allow you to increase your overall contribution by 130...
by Olemiss540
Sat Mar 24, 2018 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Talk some sense/cents into me- new car purchase
Replies: 44
Views: 3016

Re: Talk some sense/cents into me- new car purchase

I have no advice but would really like to hear about the "FUN" cars. Lol. 2004 Rubicon which when I bought it the plan was going to be the cherokee's replacement as our 2 80 lb. Dogs would have fit without a rear seat. And 2004 Z06... might be tough to fit 3 dogs in it HA Wait, so you have 2 toy ca...
by Olemiss540
Sat Mar 24, 2018 7:06 am
Forum: Personal Finance (Not Investing)
Topic: Talk some sense/cents into me- new car purchase
Replies: 44
Views: 3016

Re: Talk some sense/cents into me- new car purchase

I have no advice but would really like to hear about the "FUN" cars. Lol. 2004 Rubicon which when I bought it the plan was going to be the cherokee's replacement as our 2 80 lb. Dogs would have fit without a rear seat. And 2004 Z06... might be tough to fit 3 dogs in it HA Wait, so you have 2 toy ca...
by Olemiss540
Sat Mar 24, 2018 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Should I choose IRA over Roth?
Replies: 19
Views: 1169

Re: Should I choose IRA over Roth?

I would WITHDRAW 6200 from your 2018 Roth CONTRIBUTIONS tax and penalty free and use that to increase your 401k participation to MAX assuming the fee structure is reasonable. That will save you 17.25% (marginal rate) on contributions which will allow you to increase your overall contribution by 1300...
by Olemiss540
Sat Mar 24, 2018 6:25 am
Forum: Personal Finance (Not Investing)
Topic: Talk some sense/cents into me- new car purchase
Replies: 44
Views: 3016

Re: Talk some sense/cents into me- new car purchase

Nope. No more car payments for me. My two lovely/beautiful children ride in a 2002 Cadillac Escalade I bought for $7k. Why do your 3 dogs need something brand new? Elbow room? Come back to us with a middle ground. I don't know why vehicle purchases are so wildly justifiable by most everyone. A relat...
by Olemiss540
Thu Mar 22, 2018 8:21 pm
Forum: Investing - Help with Personal Investments
Topic: Lump Sum in Taxable Account - Invest all at once or dollar cost average?
Replies: 42
Views: 1951

Re: Lump Sum in Taxable Account - Invest all at once or dollar cost average?

Why is the answer so biased to lump sum, when it’s only true 66% of the time? What are the conditions for which this is true? It also means 34% of the time it is better to do DCA. Can anyone describe the conditions that are better for DCA? Surely, someone here has asked this question before. Becaus...
by Olemiss540
Thu Mar 22, 2018 6:36 pm
Forum: Investing - Help with Personal Investments
Topic: Jump in or Take it Slow
Replies: 7
Views: 688

Re: Jump in or Take it Slow

Time in the market beats timing the market. Get all in and stay all in. While you may feel like you are timing the market because of the recent drop today, realize that had you invested throughout the past 2 years you would have done much better so you didn't do a good job if that was your intention...
by Olemiss540
Thu Mar 22, 2018 6:32 pm
Forum: Investing - Help with Personal Investments
Topic: Spousal Roth or Traditional IRA - 2017 & 2018
Replies: 23
Views: 936

Re: Spousal Roth or Traditional IRA - 2017 & 2018

I am in almost the same boat. I took the deduction and contributed to a deductible IRA for my spouse. I believe the amount of money in the market trumps tax treatment status, atleast until you are in the 7 figure club with your tax deferred investments. Put 11k in a deductible IRA and put the 3k of ...
by Olemiss540
Thu Mar 22, 2018 6:15 pm
Forum: Investing - Help with Personal Investments
Topic: How can I find a higher return for taxable savings?
Replies: 6
Views: 1169

Re: How can I find a higher return for taxable savings?

Sorry for the late reply. Basically, I would make sure I had enough cash (or CDs) available for a reasonable cash emergency or job loss concern (1 year of expenses?) and then invest the rest in equities. This allows you to have some flexibility as your future comes into focus (with 1 year of expense...
by Olemiss540
Thu Mar 22, 2018 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Those with high savings rate: why?
Replies: 187
Views: 18699

Re: Those with high savings rate: why?

I didn't have any choice. Got financially wiped out in my mid 50's so if I had any hope of a decent retirement I had to save every penny I could, which worked out to be about half of what I was making. I was finally forced to retire at 67 and had accumulated about $1 million at that time - Not rich...
by Olemiss540
Thu Mar 22, 2018 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Losing friends/family when wealthy
Replies: 118
Views: 10198

Re: Losing friends/family when wealthy

You are going to have to be MUCH more specific as to why you "perceive" they are jealous. Most people I know "feel sorry" for me for not being able to live the high life and enjoy the moment. They DEFINATELY are not jealous that I live below my means and am frugal. Now, once I am retire and on a bea...
by Olemiss540
Thu Mar 22, 2018 7:05 am
Forum: Investing - Help with Personal Investments
Topic: Maxed 401k and Roth IRA questions
Replies: 44
Views: 2008

Re: Maxed 401k and Roth IRA questions

What is your current nest egg? Current savings (emergency fund, etc)?

How much can you afford to place into retirement funds starting now?
by Olemiss540
Wed Mar 21, 2018 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: UPDATE: Pay off student loan with mortgage refi?
Replies: 10
Views: 947

Re: UPDATE: Pay off student loan with mortgage refi?

How did you get a mortgage rate of 2.99% earlier this month? Wowsa. Congrats!
by Olemiss540
Tue Mar 20, 2018 8:42 pm
Forum: Investing - Help with Personal Investments
Topic: How can I find a higher return for taxable savings?
Replies: 6
Views: 1169

Re: Seeking Advice! How can I find a higher return for taxable savings?

Using laddered CD's is the right choice. You need to determine how much you will need for a house if not the full 275k. If you don't believe you would need that then invest the rest according to your AA. With bonds preferably in the tax-deferred accounts. I agree as well, use some of the money to m...
by Olemiss540
Tue Mar 20, 2018 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: How to respond to internship offer?
Replies: 16
Views: 1341

Re: How to respond to internship offer?

I like mouse's letter aside from starting a sentence with the word "But". :greedy As well as ending a sentence with "that". (Not that it is wrong, just informal given the letter's subject) Oh, Royal Highness, I bow before you. It grieves my humble person to refuse your offer. With extreme regret, A...
by Olemiss540
Tue Mar 20, 2018 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: Those with high savings rate: why?
Replies: 187
Views: 18699

Re: Those with high savings rate: why?

I didn't have any choice. Got financially wiped out in my mid 50's so if I had any hope of a decent retirement I had to save every penny I could, which worked out to be about half of what I was making. I was finally forced to retire at 67 and had accumulated about $1 million at that time - Not rich...