Search found 36 matches

by Paradise
Sun Jan 05, 2020 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: How do you spend $$ on yourself?
Replies: 108
Views: 12150

Re: How do you spend $$ on yourself?

Our priorities on spending are things that somewhat maintain value or appreciate: jewelry (for her), watches (for me), home improvements (both :D), etc. We don't really buy anything else. We don't buy junk "age specific" plastic toys for our kids that take up space after they get bored of it in a fe...
by Paradise
Sun Jan 05, 2020 4:21 pm
Forum: Personal Consumer Issues
Topic: Good car for toddler and newborn
Replies: 41
Views: 2417

Re: Good car for toddler and newborn

If you've got 50-60k to swing, a used Model X is a fantastic car for a family. Tons of room and the falcon doors are similar in functionality to minivan sliding doors with the bonus that you can get up into the 2nd row (stand in it). Batteries are rated at 300-500k miles before needing replacement, ...
by Paradise
Sat Jan 04, 2020 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mortgage?
Replies: 47
Views: 5068

Re: Refinance Mortgage?

May I ask where you found a 30 year fixed for 3.5% and 2k in closing costs? I'm not seeing anything like that. Are you excluding 3rd party fees and taxes?
by Paradise
Sat Jan 04, 2020 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Am I doing well financially?
Replies: 174
Views: 16761

Re: Am I doing well financially?

Oh boy, wait for this couple to have kids, and watch them go into CC debt and negative cash flows. Not being cynical, it is the truth, with this type of spending without kids, the signs aren't good, kids cost a lot and people end up justifying all of those expenses as must have. OP need to have a s...
by Paradise
Sat Jan 04, 2020 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: auto accident (no other vehicle)... $2400 to repair... file a claim or pay out of pocket?
Replies: 27
Views: 2006

Re: auto accident (no other vehicle)... $2400 to repair... file a claim or pay out of pocket?

When I switched car insurance companies, I was shocked to find out how much extra I was going to have to pay due to filing a $800 claim ($500 deductible) for someone hitting my rental car in a parking lot THREE YEARS AGO. I know it sounds idiotic to file a claim for $300, but the insurance company s...
by Paradise
Sat Jan 04, 2020 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1451
Views: 379984

Re: Share your net worth progression

I don't have great record keeping prior to 2017. It was this year that I became a bogler, stopped screwing around with bad investments / no investing, and got married.

35: Dec 2017: 541,489
36: Dec 2018: 857,233
37: Dec 2019: 1,085,878
by Paradise
Sat Jan 04, 2020 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance nobrainer?
Replies: 9
Views: 819

Re: Refinance nobrainer?

Even with these low rates, the closing costs really kill the deal. It's basically a 4% 30 year fixed from aimloan for $0 closing once you factor in the hidden fees (that I had not known about). Similar with better. "We just finished our second refinancing with Better, 3.625% 30 year. Lender credits ...
by Paradise
Sat Jan 04, 2020 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Refinance nobrainer?
Replies: 9
Views: 819

Re: Refinance nobrainer?

Thanks for the confirmation. I just wasn't sure if there were other considerations that I should watch out for. I'll obviously make sure that the closing costs are 0 or low enough that it's not killing the profits.

Going to check better, aim and costco as I've read here that those are pretty good.
by Paradise
Fri Jan 03, 2020 4:08 am
Forum: Personal Finance (Not Investing)
Topic: Refinance nobrainer?
Replies: 9
Views: 819

Re: Refinance nobrainer?

mortfree wrote:
Fri Jan 03, 2020 4:06 am
How long have you had the current mortgage?

Are you ok resetting the clock back to 30 years?
3 years. I don't care, really. Not planning on living here for 30 years. Actual timeframe most likely 5 years or less.
by Paradise
Fri Jan 03, 2020 4:02 am
Forum: Personal Finance (Not Investing)
Topic: Refinance nobrainer?
Replies: 9
Views: 819

Refinance nobrainer?

I'm currently at a 4.125% APR 30 Fixed and I'm seeing a no cost/points 3.625% 30/Fixed from homefinity (I'm sure more others like this). Is this a no brainer to refinance? Any other considerations? First time refinancing.
by Paradise
Wed Nov 13, 2019 9:54 am
Forum: Personal Investments
Topic: FIRE Roth Ladder Tax Question
Replies: 13
Views: 1252

Re: FIRE Roth Ladder Tax Question

Listen to episode 152 of the ChooseFI podcast. Big Ern covers this in detail. Very informative. You don’t pay any income tax on the withdrawals from your taxable account. That money has already been taxed. You only pay capital gains tax when you sell holdings with a gain. So when selling, use speci...
by Paradise
Tue Nov 12, 2019 10:31 am
Forum: Personal Investments
Topic: FIRE Roth Ladder Tax Question
Replies: 13
Views: 1252

Re: FIRE Roth Ladder Tax Question

We were thinking of withdrawing 150k per year. The house that gets paid off will likely be sold with proceeds going towards another house in another city (roughly 50% downpayment). I'm estimating that by the time I'm retired, my taxable gains will be upwards of 40%. So if I'm selling stock at 150k*....
by Paradise
Tue Nov 12, 2019 2:44 am
Forum: Personal Investments
Topic: Investing $140k in cash at 1k per week
Replies: 174
Views: 13079

Re: Investing $140k in cash at 1k per week

Also a Schwab article: https://www.schwab.com/resource-center/insights/content/does-market-timing-work DCA is less efficient than lump sum (I think we're all in agreement on that based on historical data), but if you're willing to sacrifice some cash for sleeping better at night, your call. I used t...
by Paradise
Tue Nov 12, 2019 2:31 am
Forum: Personal Investments
Topic: FIRE Roth Ladder Tax Question
Replies: 13
Views: 1252

FIRE Roth Ladder Tax Question

Hello, Couldn't find this being discussed anywhere online. If the premise behind the FIRE Roth conversion ladder (well before 59.5) is that you convert what you want 5 years from now each year and in the meantime you live off taxable brokerage sources (can't imagine people holding that much cash in ...
by Paradise
Sun Mar 24, 2019 4:53 pm
Forum: Personal Investments
Topic: Loss carryover tax question
Replies: 1
Views: 211

Loss carryover tax question

I harvested some losses in 2018 near the end of the year and piled up 7k in losses. I want to use 3k this year and carry the rest over. Does the carryover get declared in the year the losses happened or the year you use them? In other words, Do I fill out a form for 2018 to carry the 4K forward or d...
by Paradise
Sun Mar 17, 2019 8:17 pm
Forum: Personal Investments
Topic: should I roll my 401k to a tIRA
Replies: 5
Views: 394

Re: should I roll my 401k to a tIRA

One thing to note is that if you do rollover, you may be able to “roll in” your tIRA to your current 401k if the backdoor Roth situation ever manifests.

If it’s all traditional money and not a mixture of Roth money, you don’t lose flexibility of combining.
by Paradise
Sun Mar 17, 2019 8:04 pm
Forum: Personal Investments
Topic: The case for 100% equities
Replies: 199
Views: 14856

Re: The case for 100% equities

If you keep bonds and stocks without rebalancing during market upswings and downturns, sure, all stock is better over 10 years, historically. A key point in keeping bonds is that it allows you to buy stocks cheap during market downturns with your bond portion then reallocate your bond positions when...
by Paradise
Sun Mar 17, 2019 10:31 am
Forum: Personal Consumer Issues
Topic: Am I being cheap? Wife wants a minivan, but I want to hold off
Replies: 170
Views: 9020

Re: Am I being cheap? Wife wants a minivan, but I want to hold off

Some of these posts are surprising. A Honda at 79k miles is just getting started. We are still talking about the #1 or #2 most reliable auto maker, right? Arguments about "the car is about to fall apart" or "not safe enough" are absurd. Here are my thoughts: you can clearly afford the new car, but y...
by Paradise
Sun Mar 17, 2019 10:15 am
Forum: Personal Investments
Topic: Backdoor Roth Quick Question
Replies: 6
Views: 240

Re: Backdoor Roth Quick Question

Done. Thank you guys for helping double-check this.
by Paradise
Sun Mar 17, 2019 10:08 am
Forum: Personal Investments
Topic: Backdoor Roth Quick Question
Replies: 6
Views: 240

Re: Backdoor Roth Quick Question

After a bit of research it looks like you're correct that they're two different events (two different forms).
by Paradise
Sun Mar 17, 2019 9:52 am
Forum: Personal Investments
Topic: Backdoor Roth Quick Question
Replies: 6
Views: 240

Re: Backdoor Roth Quick Question

Wait, so how do I do a backdoor roth for 2018 in 2019?
by Paradise
Sun Mar 17, 2019 9:48 am
Forum: Personal Investments
Topic: Backdoor Roth Quick Question
Replies: 6
Views: 240

Backdoor Roth Quick Question

IRA noob here.

I contributed to tIRA 2018 and am doing a rollover to Roth with vanguard. I noticed that it doesn't ask which year Roth to roll it over to. Does it automatically use the same year as the contribution to the tIRA? Does it not even matter?
by Paradise
Tue Feb 12, 2019 7:30 pm
Forum: Personal Investments
Topic: Choosing between eliminating PMI or investing
Replies: 18
Views: 1743

Re: Choosing between eliminating PMI or investing

You didn't state what the investment is? If it's corporate match 401k, not such a no brainer.
by Paradise
Tue Feb 12, 2019 7:24 pm
Forum: Personal Investments
Topic: CDs: 1 yr vs 3yr
Replies: 46
Views: 5229

Re: CDs: 1 yr vs 3yr

I really hate opening new accounts w/ institutions to get better CD rates. Doesn't anyone like to keep their lives simple w/ assets in as few places as possible? For me, sure, if there isnt any financial impact in reduction. I have managed to reduce my taxable ETF positions to 10 without incuring a...
by Paradise
Tue Feb 12, 2019 1:04 pm
Forum: Personal Investments
Topic: CDs: 1 yr vs 3yr
Replies: 46
Views: 5229

Re: CDs: 1 yr vs 3yr

Personally, I wouldn't tie up my money for another two years for another 0.15%. But maybe that's just me. +1 Agreed. I don't think that 3 year yield is anything that you should be interested in with rate hikes coming frequently. High yield savings accounts are getting up to 2.5% and moving really f...
by Paradise
Tue Feb 12, 2019 12:47 pm
Forum: Personal Investments
Topic: Move from Merrill Lynch to Fidelity - Now what?
Replies: 8
Views: 1027

Re: Move from Merrill Lynch to Fidelity - Now what?

Can't go wrong with VTI and VXUS. For bonds I'll let people more knowledgable of retirement situations chime in, but i suspect that if you're doing a 3 stock portfolio, the one bond should be BND. For international percentage, vanguard recommends 60 us 40 intl. My personal philosophy is minimum of 3...
by Paradise
Tue Feb 12, 2019 10:01 am
Forum: Personal Investments
Topic: Rethinking everything Roth/Traditional
Replies: 5
Views: 1134

Re: Rethinking everything Roth/Traditional

Thanks for the help, guys. After speaking with my wife, I'm going to go with this plan: 1) Keep my tIRA out of the 401k. I like the flexibility of having a large self directed pre-tax account to hold bonds. I'll forfeit the Backdoor Roth contribution for 2018. 2) Backdoor Roth my wife for 2018. She ...
by Paradise
Mon Feb 11, 2019 12:55 pm
Forum: Personal Investments
Topic: Rethinking everything Roth/Traditional
Replies: 5
Views: 1134

Rethinking everything Roth/Traditional

I made a post last week about bonds, and the replies that I got have made me start to rethink my entire strategy. I know that my strategy isn't bad, but perhaps it's not ideal. Facts: Married filing jointly, 35/31 24% marginal tax rate, 0% state (FL). I make 95k/yr + 10k in dividends from taxable + ...
by Paradise
Fri Feb 08, 2019 10:37 am
Forum: Personal Investments
Topic: Why BND in IRA? (vs Munis in taxable)
Replies: 13
Views: 1116

Re: Why BND in IRA? (vs Munis in taxable)

I like the flexibility of the Roth in taking out principal before retirement whether it's for kids college or starting a business. I also believe that my tax rate will go up as I get older. I don't believe that I'll ever have a traditional retirement in the sense of 0 ordinary income and pulling stu...
by Paradise
Fri Feb 08, 2019 9:15 am
Forum: Personal Investments
Topic: Why BND in IRA? (vs Munis in taxable)
Replies: 13
Views: 1116

Re: Why BND in IRA? (vs Munis in taxable)

I fully get that this is not 100% ideal. This was just supposed to be until I’m really priced out of a Roth IRA. I guess I’m asking if it’s worth doing things a bit inefficiently in order to have the ability to move 12k a year from taxable to a Roth IRA. Maybe I’m better off slowly converting my tra...
by Paradise
Fri Feb 08, 2019 8:38 am
Forum: Personal Investments
Topic: Why BND in IRA? (vs Munis in taxable)
Replies: 13
Views: 1116

Re: Why BND in IRA? (vs Munis in taxable)

It’s a large Traiditonal IRA from when I rolled over a Traiditonal 401k from a previous employer. It’s why I believe that (second question) that I’m not able to do the backdoor Roth due to owning a traditional IRA. It’s over 100k and I want to make sure that I can’t just do clean Roth investments be...
by Paradise
Fri Feb 08, 2019 12:13 am
Forum: Personal Investments
Topic: Why BND in IRA? (vs Munis in taxable)
Replies: 13
Views: 1116

Why BND in IRA? (vs Munis in taxable)

I'm so bad with understanding taxes... I had an idea tonight.. not sure how valid it is. I have a 3 stock portfolio: VTI, VXUS, BND. VTI/VXUS in taxable, rest of VXUS/BND in tax advantaged. The idea is that BND is least tax efficient, followed by VXUS then VTI. Why not just put more VXUS in tax adva...
by Paradise
Tue Feb 06, 2018 2:14 pm
Forum: Personal Investments
Topic: Still waiting to invest?
Replies: 47
Views: 7067

Re: Still waiting to invest?

As someone who has tried every investing tactic known to man, if you are "waiting to invest," you are doing it wrong. http://www.online-stock-trading-guide.com/image-files/usdeclinestart.gif Please review this image. Where would you have invested if you are waiting? Probably, like most, you would ha...
by Paradise
Thu Dec 28, 2017 9:51 pm
Forum: Personal Investments
Topic: Suddenly my mortgage doesn't seem that great
Replies: 66
Views: 12196

Re: Suddenly my mortgage doesn't seem that great

The interest payments are nearly 15k. Plus 7k in taxes and some major purchases for itemizing and it's a significant savings. But compared to 24k next year it's not that great.
by Paradise
Thu Dec 28, 2017 9:36 pm
Forum: Personal Investments
Topic: Suddenly my mortgage doesn't seem that great
Replies: 66
Views: 12196

Suddenly my mortgage doesn't seem that great

Emergency funds: About 4 months Debt: Only our mortgage @4.125% 30 year fixed 350k and 29 years remaining. Tax Filing Status: Married Tax Rate: 22% Federal, 0% State Age: We're in our early 30s. Combined income: $200k I have about $600k in portfolios with about $450k of it in taxable, so I can fully...
by Paradise
Sun Dec 24, 2017 2:04 am
Forum: Personal Investments
Topic: New tax rates make Roth 401k appealing?
Replies: 1
Views: 513

New tax rates make Roth 401k appealing?

Hi all, Was previously in a 28% tax bracket, but after getting married and the new tax brackets and standard deduction, it looks like I'll be near the top of the 22% bracket. I figure that this is probably a good time to change to a Roth 401k and lock in the rates. I'm thinking that I won't be seein...