Search found 9 matches

by Lynx310650
Mon Nov 13, 2017 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Actually might have "enough", thinking of suspending retirement savings in favor of saving for down payment
Replies: 36
Views: 3103

Re: Actually might have "enough", thinking of suspending retirement savings in favor of saving for down payment

Just so I am clear, your currents savings, excluding a very healthy emergency fund, will meet your future needs beginning at age 60 assuming a 2% real return, and you have a 25% buffer built in? Yes, this is the more concise way to put it, thanks. My personal preference on how to go about this woul...
by Lynx310650
Mon Nov 13, 2017 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Actually might have "enough", thinking of suspending retirement savings in favor of saving for down payment
Replies: 36
Views: 3103

Re: Actually might have "enough", thinking of suspending retirement savings in favor of saving for down payment

Just so I am clear, your currents savings, excluding a very healthy emergency fund, will meet your future needs beginning at age 60 assuming a 2% real return, and you have a 25% buffer built in? Yes, this is the more concise way to put it, thanks. My personal preference on how to go about this woul...
by Lynx310650
Mon Nov 13, 2017 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Actually might have "enough", thinking of suspending retirement savings in favor of saving for down payment
Replies: 36
Views: 3103

Re: Actually might have "enough", thinking of suspending retirement savings in favor of saving for down payment

letsgobobby wrote: ↑
Mon Nov 13, 2017 12:42 pm
Just so I am clear, your currents savings, excluding a very healthy emergency fund, will meet your future needs beginning at age 60 assuming a 2% real return, and you have a 25% buffer built in?
Yes, this is the more concise way to put it, thanks.
by Lynx310650
Mon Nov 13, 2017 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Actually might have "enough", thinking of suspending retirement savings in favor of saving for down payment
Replies: 36
Views: 3103

Actually might have "enough", thinking of suspending retirement savings in favor of saving for down payment

I was playing around with online calculators and my numbers last night. I have saved enough money so far so that if I didn't contribute an additional dime, my current savings would grow to my needed retirement number by age 60 (my desired retirement age), assuming 5% annual growth (very conservative...
by Lynx310650
Wed Nov 01, 2017 1:16 am
Forum: Personal Finance (Not Investing)
Topic: I'm fairly young but done with saving money
Replies: 75
Views: 9400

Re: I'm fairly young but done with saving money

Seems like savings fatigue. I think not saving anything is too drastic, but how about a happy medium? At least take advantaged of tax-advantaged space? So maybe commit to saving in your 401k up to company match and maxing out IRAs. If that doesn't hurt too much, maybe max 401k as well, but also forc...
by Lynx310650
Thu Oct 12, 2017 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with fairly large amount of money in "maybe" house fund?
Replies: 5
Views: 881

What to do with fairly large amount of money in "maybe" house fund?

We live in the SF Bay Area. We've saved an amount of cash for a down payment based on a hypothetical house purchase based on what we'd want and what we could afford if we were to buy today. That means about a $700k condo, so we have saved $150k in cash that's sitting currently in an online savings a...
by Lynx310650
Thu Sep 28, 2017 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 14795

Re: Bay Area Real Estate

OP, going through same dilemma as well. The math for me is especially hard to swallow on a condo (which is what we could afford). Seems like the condo we are renting right now would be sellable for about $600,000. HOAs are high here too, about $500/month. So it seems like property tax + HOA alone wo...
by Lynx310650
Sat Sep 16, 2017 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Advice on Parents' Financial Situation
Replies: 11
Views: 1546

Re: Advice on Parents' Financial Situation

Thank you for all your suggestions and advice. I will say it's really difficult to discuss any of these things directly with my parents not just due to the emotional issues, but also there is a degree of a language barrier as I have a hard time communicating financial/business concepts in my parents...
by Lynx310650
Fri Sep 15, 2017 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on Parents' Financial Situation
Replies: 11
Views: 1546

Advice on Parents' Financial Situation

My parents are in their early 60s. They are 1st generation immigrants. Their source of income is a small business they've owned and operated for about 20 years now. For about the first 10 years, it was doing fairly well. They were never going to get rich on it, but enough for a modest middle class l...