Search found 82 matches

by gluskap
Wed Jul 24, 2019 6:06 pm
Forum: Investing - Theory, News & General
Topic: Changing asset allocation in TAXABLE right before retirement
Replies: 3
Views: 313

Re: Changing asset allocation in TAXABLE right before retirement

Yes I think rebalancing in taxable would create a tax bill. My plan is to build a 5 year tent bond using new bond purchases in my 5 years before retirement by changing all new contributions to bonds. If extra rebalancing was needed then I would try and do it in retirement accounts.
by gluskap
Tue Jun 04, 2019 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: For those who earn $500k+ per year. How'd you do that?
Replies: 369
Views: 39204

Re: For those who earn $500k+ per year. How'd you do that?

I'm at $325k as a software engineer in Colorado. It's entirely possible I could pass $500k in 5-7 years. I never work more than 40 hours a week and don't work at all on weekends, evenings or when on vacation. When I go on vacation I delete my work email account from my phone. Thread over, we have a...
by gluskap
Mon Apr 22, 2019 6:53 pm
Forum: Personal Consumer Issues
Topic: Living Overseas for 4 Months/Year for Regional Travel (Retirement)
Replies: 75
Views: 5470

Re: Living Overseas for 4 Months/Year for Regional Travel (Retirement)

I like this idea a lot except that I would really keep the regional trips very close to the home base to save money. So if my home base was in Thailand I would only do quick trips to SE Asia. I wouldn't fly to New Zealand for example. I would pick New Zealand as a home base for another year and then...
by gluskap
Mon Apr 22, 2019 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes: marginal rate now vs effective rate in retirement
Replies: 198
Views: 9987

Re: Taxes: marginal rate now vs effective rate in retirement

I think the difference is do you plan on taking out as much money in retirement as you make now? With a paid off house, which is what I plan to have when I retire, I plan to take out much less money then what I am making now. So I intend to pay less in taxes in retirement.
by gluskap
Mon Apr 22, 2019 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 441
Views: 32650

Re: [2018 tax return - How does it compare to previous years?]

My taxes went up. First time I've owed money ever. Even though I ended up taking the standard deduction, it wasn't much easier as I still had to input all that info anyways. Thinking I need to start my own real estate business to really take advantage of the change in tax laws.
by gluskap
Fri Mar 15, 2019 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Side gig ideas with minimal requirements?
Replies: 124
Views: 9680

Re: Side gig ideas with minimal requirements?

Have you thought about joining an MLM like side hustle? I have a friend that sells Rodan + Fields using Facebook and makes decent side hustle income. Or there are a lot of contract work sites like Upwork.com or Fiverr.com. You could develop one skill like say designing logos or writing blog posts an...
by gluskap
Wed Feb 20, 2019 6:48 pm
Forum: Personal Investments
Topic: No emergency fund?
Replies: 51
Views: 4036

Re: No emergency fund?

We have about 3 months of expenses in our savings account (~$30k) as an emergency fund. We also have about another 3 months expenses in a tax exempt bond fund in our taxable account that is part of our 2nd tier emergency fund in case of a prolonged job loss. If we really needed to we could also tap ...
by gluskap
Wed Feb 20, 2019 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: possible to have TOO MUCH in 401k account?
Replies: 104
Views: 18549

Re: possible to have TOO MUCH in 401k account?

Yes it's possible to have too much in a 401k account but if you do it also probably means that you worked longer than you needed to. We plan to contribute the max to our 401k while we are working. Luckily for us we also make enough to also contribute to a backdoor Roth IRA as well as to taxable acco...
by gluskap
Mon Feb 11, 2019 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 441
Views: 32650

Re: Smaller tax refunds this year? Clear explanation please

Just did my taxes and my taxes went up. For the first time ever we actually owe money instead of getting a return this year. Not happy with this. I guess we're one of the somewhat high income earners in a high tax state that got hosed as we lost our SALT deductions and exemptions and the increase in...
by gluskap
Fri Feb 08, 2019 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 26131

Re: Cost of college and 529

I'm planning on just putting in the minimum to pay for in state public school. Budgeting for about $100k for 4 years. We are in California so the UC system here is great. If they decide to go out of state or to an elite private school then they can either finance the difference with scholarships or ...
by gluskap
Mon Jan 21, 2019 3:48 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 53641

Re: John Bogle has died at age 89

So sad to hear this. We all owe so much to this man.
by gluskap
Fri Jan 18, 2019 7:41 pm
Forum: Investing - Theory, News & General
Topic: My trend following strategy and experience
Replies: 862
Views: 56757

Re: My trend following strategy and experience

I was also very interested in trend following but did discover there are some downsides to it. Namely whipsawing, etc. So what I do now is I am buy and hold for any existing positions. But I switch all my new contributions 100% to what the trend indicates. But since I am lazy to do all the calculati...
by gluskap
Mon Jan 07, 2019 5:09 pm
Forum: Personal Investments
Topic: Fiancée Thinks I'm Putting Too Much Towards Retirement/ Not Enough Towards Short-Term Goals
Replies: 136
Views: 10976

Re: Fiance Thinks I'm Putting Too Much Towards Retirement/ Not Enough Towards Short-Term Goals

It's funny but this was a very similar situation with me and hubby when we first got engaged. I was putting less into my retirement, only the minimum matching into my 401k because I knew I would have large expenses of a wedding and house downpayment that we would need while hubby had a much higher c...
by gluskap
Fri Jan 04, 2019 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 790
Views: 108819

Re: How much money do you want to retire?

My goal is $2-2.5M and a paid off house.
by gluskap
Thu Jan 03, 2019 8:12 pm
Forum: Personal Investments
Topic: Ever wonder if you are saving Too Much?
Replies: 67
Views: 5598

Re: Ever wonder if you are saving Too Much?

I think it depends on when you want to retire and what kind of lifestyle you want to live. When I first started the idea of early retirement was really motivating so I tried to go all in and up our savings. I just found it wasn't sustainable and I was miserable cuz I couldn't do the things I wanted ...
by gluskap
Thu Jan 03, 2019 6:32 pm
Forum: Personal Consumer Issues
Topic: Engagement Ring (Affordable)
Replies: 136
Views: 8021

Re: Engagement Ring (Affordable)

Definitely recommend going on Pricescope and learning about the 4C's on diamonds if that's the route you end up going. Learn to figure out what the most important parameters to you are and spend the money towards that. Cut is the most important as that determines how sparkly it is but clarity, I wou...
by gluskap
Wed Dec 19, 2018 4:53 pm
Forum: Personal Investments
Topic: FAANG
Replies: 48
Views: 3876

Re: FAANG

FAANG is already a large part of the holdings of VTSAX. I'm not sure I want to increase my risk by buying even more. It's like timing the market, yeah they will probably go up eventually but what if they continue to go down more before they go back up? Or what if they stay flat for a few years befor...
by gluskap
Thu Nov 29, 2018 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: How did YOU choose your career?
Replies: 149
Views: 10067

Re: How did YOU choose your career?

I kind of happened on my career by accident too. In HS I was good at math and science and so when I went to college I figured I would be premed like half of the entering Asian freshman going to UCLA lol. Took the MCATs and everything. Then summer before Senior year I decided to backpack through Euro...
by gluskap
Wed Nov 28, 2018 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Restaurant Budget
Replies: 113
Views: 7053

Re: Restaurant Budget

Our restaurant budget is $400/month. Total food budget is $1000/month. Family of 3 and daughter is only 4.5. We also live in HCOL area. Our restaurant budget used to be higher and closer to yours because we both have long commutes and tended to eat out more often out of convenience. I started to mak...
by gluskap
Mon Oct 22, 2018 4:47 pm
Forum: Personal Investments
Topic: For those who paid off house - how did you do it?
Replies: 97
Views: 8240

Re: For those who paid off house - how did you do it?

Can you save money on your rate by refinancing to a 15 year? We did that and decided to do bimonthly payments which equates to 1 extra principal payment a year and then if we had extra cash would throw in an extra payment here and there. But the rest of our strategy is #2. We have a low rate though ...
by gluskap
Wed Oct 17, 2018 12:58 pm
Forum: Investing - Theory, News & General
Topic: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"
Replies: 203
Views: 12426

Re: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"

I'm 100% US stocks no international and not 80+ (I'm 39). My reasoning is a lot of US companies are global and so I already have some international exposure. I do this more for simplicity and because ER are lower for VTSAX (0.04%) vs VGTSX (0.11%). For now I'm probably chasing a bit of past performa...
by gluskap
Wed Oct 03, 2018 6:00 pm
Forum: Personal Investments
Topic: 401k help -
Replies: 9
Views: 716

Re: 401k help -

I would do 50/50 VIGRX Growth 0.17 and VIVAX Value 0.17 for the lowest expense ratio that's the closest to Total market.
by gluskap
Wed Sep 19, 2018 3:00 pm
Forum: Personal Investments
Topic: Have We Missed the Boat on Roth Conversions?
Replies: 48
Views: 5858

Re: Have We Missed the Boat on Roth Conversions?

I have a similar situation to you only reversed. I want to retire at 50 while hubby will probably want to continue working. I think you want to be able to do the 5 year Roth conversion ladder so that you can early retire and pull money out without the tax consequences. Unfortunately this only really...
by gluskap
Wed Sep 19, 2018 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: What's the best early retirement strategy for us?
Replies: 39
Views: 3279

Re: What's the best early retirement strategy for us?

First steps for me would be refinancing to a 15 year mortgage. Then max out all your retirement contributions. Then see if you can actually live on less money and go from there. Definitely need to ramp up your savings rate if you want to retire in 2031. It's hard to go from where you're at to maxing...
by gluskap
Wed Sep 19, 2018 2:20 pm
Forum: Personal Investments
Topic: Weighing mid-career break and pension decision
Replies: 6
Views: 1093

Re: Weighing mid-career break and pension decision

Personally I would take the lump sum as I like more control of my money and I think you could get more than 5.5% return over a long time period. Plus you have more opportunities to decide how much you want to take out each year to better manage your taxes. If you later change your mind and want a pa...
by gluskap
Tue Sep 18, 2018 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Job burnout - Keep grinding or change?
Replies: 65
Views: 8038

Re: Job burnout - Keep grinding or change?

I go through this feeling a lot too so can totally empathize. Start by thinking about what is it you don't like about work. Is it the hours? The stress? The politics? Then think about things you can do to make it better. For me it was the stress. But I realized a lot of my stress was because I cared...
by gluskap
Tue Sep 18, 2018 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Considering Quitting Job - Seeking Advice. Would you do it?
Replies: 157
Views: 13919

Re: Considering Quitting Job - Seeking Advice. Would you do it?

To me the question isn't "should you quit?" but "when should you quit?" I get that you are apprehensive about not having enough money because the kids are special needs but I don't think 8 years with those hours are really sustainable. Quitting doesn't necessarily mean not working at all. I think ge...
by gluskap
Mon Sep 17, 2018 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: I see now why Rollovers can take FOREVER ....
Replies: 74
Views: 8497

Re: I see now why Rollovers can take FOREVER ....

The Wizard wrote:
Mon Sep 17, 2018 7:40 am
I would have just taken that $200 in cash and paid taxes on it...
I had about $200 at a community college retirement account from when I was a tutor back in college. I ended up doing this! LOL.
by gluskap
Thu Sep 06, 2018 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: To Be or Not to Be...Married
Replies: 135
Views: 5539

Re: To Be or Not to Be...Married

I think if marriage is important to both of you then you should get married and not think about the financial implications. But if being married is not that important to you then there's no point in taking a financial hit. However, I do think that changes once you have kids. But there's nothing wron...
by gluskap
Tue Sep 04, 2018 1:52 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on kids extracurriculars?
Replies: 85
Views: 5128

Re: How much do you spend on kids extracurriculars?

This is a good thread for me to follow. My daughter is only 4 so I'm only starting to think about what activities to sign her up for. To me $1100/month sounds crazy expensive. But then again that's what we are paying now for daycare so I'm sure if we had to we could afford it. But to me there's alwa...
by gluskap
Thu Aug 30, 2018 12:47 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 904
Views: 114116

Re: Post your Financial Milestone Announcements Here

Our net worth hit $1M sometime last year I think and this year we will hit $1M in investments not including the house equity. Now that the 401k loan and student loans are all paid off and after daughter goes to Kinder next year, we plan to ramp up the savings even more. Hope to hit $2M in investment...
by gluskap
Wed Aug 29, 2018 3:52 pm
Forum: Personal Consumer Issues
Topic: Chipotle question
Replies: 73
Views: 4845

Re: Chipotle question

The ultimate way to work the system at Chipotle is to order a bowl instead of a burrito or tacos. You may be grumbling about not having a tortilla, but here is where the genius comes in. When you order a bowl, you generally get more of everything since they aren't trying to smash it all into a tort...
by gluskap
Wed Aug 29, 2018 3:41 pm
Forum: Personal Consumer Issues
Topic: How do you save money on groceries?
Replies: 157
Views: 11059

Re: How do you save money on groceries?

I think you need to start saving all of your receipts every week and really start looking at your cost for each item. Looks like you might not be buying stuff where it's the cheapest unit cost. For Costco, I find the best deals are for paper goods like toilet paper, paper towels, etc. that you can b...
by gluskap
Tue Aug 28, 2018 1:03 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1431
Views: 139941

Re: U.S. stocks continue to soar!

US stocks continue to soar - NW goes up YAY!
US stocks in freefall - sale on stocks YAY!

Either way I'm happy.
by gluskap
Mon Aug 27, 2018 4:35 pm
Forum: Personal Investments
Topic: Investment help for the chronically indecisive
Replies: 5
Views: 574

Re: Investment help for the chronically indecisive

I would put it into an intermediate term bond fund. And consider it as part of your asset allocation. If you have a high tax bracket then consider a muni bond fund or tax exempt bond fund. That way it's at least invested. Yes the return is not as good as stocks but risk is lower so in case you do en...
by gluskap
Thu Aug 23, 2018 2:43 pm
Forum: Personal Consumer Issues
Topic: Test your cognitive biases
Replies: 89
Views: 5796

Re: Test your cognitive biases

I got 75-100% the highest score. Seems to be more of a statistics test.
by gluskap
Thu Aug 09, 2018 6:45 pm
Forum: Personal Consumer Issues
Topic: When is leaving your job that pays well a good idea?
Replies: 97
Views: 10596

Re: When is leaving your job that pays well a good idea?

Interesting...I'm also making $160k a year and wondering this exact same thing too. Only difference is I'm a little older 38 and have less net worth...probably at 1.3mil and have 1 kid. I only work about 40 hours a week but I have a soul draining commute of almost 3 hours a day. I think I've decided...
by gluskap
Tue Aug 07, 2018 4:20 pm
Forum: Personal Investments
Topic: managing funds after divorce settlement
Replies: 13
Views: 1755

Re: managing funds after divorce settlement

First I would not take a tax hit on the QDRO except as a last resort so I would roll that over into a retirement plan. Second I would buy the 10 year term insurance and cash out the Northwestern and also get out of the Lending Tree. This frees up a lot of cash so that you can make the mortgage payme...
by gluskap
Mon Aug 06, 2018 2:57 pm
Forum: Personal Consumer Issues
Topic: "Dollar Tree Store" favorites
Replies: 84
Views: 7114

Re: "Dollar Tree Store" favorites

Greeting cards, gift bags, tissue paper, party supplies, school supplies,
by gluskap
Mon Aug 06, 2018 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 16980

Re: Will you pay for your kids' college/graduate education?

We plan to cover 100% in state tuition. They can also live with us and commute to the state university. If they want the dorm/apartment experience and/or out of state school then we will try to help if our situation allows but it will more likely be up to them to get loans or a job. Same for graduat...
by gluskap
Mon Aug 06, 2018 2:47 pm
Forum: Personal Consumer Issues
Topic: Your opinion on online courses?
Replies: 26
Views: 2422

Re: Your opinion on online courses?

I got my bachelors at a regular university and my masters online. I think there are a lot of things you learn at a traditional school that can't be taught online so I highly recommend getting bachelors traditionally. But for graduate courses, especially where someone is working full time like I was ...
by gluskap
Tue Jun 26, 2018 4:24 pm
Forum: Personal Consumer Issues
Topic: Family dynamics/in laws/am I being petty?
Replies: 143
Views: 8284

Re: Family dynamics/in laws/am I being petty?

Easy solution...have more kids! Just kidding. I think splitting the check evenly is just easier than trying to figure out how much each side owes. If you're going to be more exact and pay by which family has more people then why not just have separate checks and pay for exactly who ordered what. May...
by gluskap
Thu May 24, 2018 5:48 pm
Forum: Personal Investments
Topic: Parents with pre-K kids and 529 target
Replies: 50
Views: 3729

Re: Parents with pre-K kids and 529 target

My plan is to cover just tuition and fees for 4 years at an in-state college. I use the Scholarshare529.com website to see what the cost will be when my currently 4 year old daughter will go to college. Tuition right now is at $13,260/year for UCLA which is our alma mater. When my daughter is 18 usi...
by gluskap
Wed May 23, 2018 7:36 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman on Market Timing Discussion Thread
Replies: 22
Views: 3402

Re: Paul Merriman on Market Timing Discussion Thread

What about a strategy somewhat between buy and hold and trend following market timing? I found that what I mostly do is dollar cost averaging. But in a bear market when market is down 10% or more, I might reduce my monthly contribution slightly. Then I start to build up a sizable cash buffer that I ...
by gluskap
Wed May 23, 2018 7:26 pm
Forum: Personal Investments
Topic: Best buy and hold vanguard fund forever...
Replies: 28
Views: 4975

Re: Best buy and hold vanguard fund forever...

VTSAX. You said you're buying and holding forever so if you're not selling then why not be aggressive? LOL.
by gluskap
Mon May 21, 2018 1:57 pm
Forum: Personal Investments
Topic: Pension and Sociai Security Impact on 4% Rule
Replies: 20
Views: 2855

Re: Pension and Sociai Security Impact on 4% Rule

The way I think of this is that the 4% rule is a nice general rule and for those that are retiring early not conservative enough of a rule. So I could count in what I think I will get in SS and pensions and then go with a lower withdrawal rate. But what is the right withdrawal rate that is not too c...
by gluskap
Tue May 15, 2018 2:27 pm
Forum: US Chapters
Topic: How did you fall in love with investing?
Replies: 49
Views: 4197

Re: How did you fall in love with investing?

I am also a mountain climber and can relate to the risk/reward analogy. I first got started investing seriously when I learned about Mr. Money Mustache. I had been working for awhile but only had invested the minimum amount that my company matched in my 401k because I was saving for a house and wedd...
by gluskap
Tue May 15, 2018 1:49 pm
Forum: Personal Investments
Topic: Bringing individual assets into joint account
Replies: 27
Views: 1554

Re: Bringing individual assets into joint account

I just recently did this with my individual brokerage account and combined it into our joint brokerage account. I just liked the simplicity of less accounts. But we each still have our own separate smaller checking accounts. The majority of our money is in a joint account and all joint expenses go o...