Search found 90 matches

by bg5
Wed Sep 04, 2019 5:35 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 84
Views: 9999

Re: Refinance Mega Thread

I just went from a 30 year 4.35 to a 15 year at 2.87%. Cost us around $2500 in closing costs and it was a local credit union in Michigan who is still running the deal. Loved it :) Arbor Financial Credit Union was the lender
by bg5
Wed Aug 14, 2019 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Are you refinancing now?
Replies: 73
Views: 7319

Re: Are you refinancing now?

Well....I ended up pulling the trigger today. We refinanced our home that we own and we previously had a 30 year @ 4.375 and we still had 27 years to go. We owe around 236k on a home valued at 500k. We decided to refi to a 15 year loan at 2.87% and our payment will go up about $350 a month. It will...
by bg5
Wed Aug 14, 2019 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Are you refinancing now?
Replies: 73
Views: 7319

Re: Are you refinancing now?

THE ONLY QUESTION I HAD IS IT COST US ABOUT $2500 in refi costs so I am not sure if that is bad or not....please let me know but overall a 2.87% interest rate was to good to pass up. That doesn't sound too bad in terms of closing costs for that rate. Does it include all 3rd party fees (title insura...
by bg5
Wed Aug 14, 2019 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Are you refinancing now?
Replies: 73
Views: 7319

Re: Are you refinancing now?

Well....I ended up pulling the trigger today. We refinanced our home that we own and we previously had a 30 year @ 4.375 and we still had 27 years to go. We owe around 236k on a home valued at 500k. We decided to refi to a 15 year loan at 2.87% and our payment will go up about $350 a month. It will ...
by bg5
Wed Aug 14, 2019 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Are you refinancing now?
Replies: 73
Views: 7319

Re: Are you refinancing now?

Is there a general rule of thumb on refinancing? I have a 30 year @ 4.375% with 27 years left. I owe 236k on a home valued at 500k. There are 15 year at 2.87%. Should i go from 30 year to 15?
by bg5
Mon Aug 05, 2019 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Sold Home - $300,000 Profit - Invest or Pay Cash For New House?
Replies: 58
Views: 5586

Re: Sold Home - $300,000 Profit - Invest or Pay Cash For New House?

Alot of really good feedback although now I may be more confused than ever :oops:
by bg5
Fri Aug 02, 2019 6:21 am
Forum: Personal Finance (Not Investing)
Topic: Sold Home - $300,000 Profit - Invest or Pay Cash For New House?
Replies: 58
Views: 5586

Re: Sold Home - $300,000 Profit - Invest or Pay Cash For New House?

Sorry for the confusing post.....we save $12,000 in Roth IRA's ($6000 each) and then I max out my 457b at $19,000 so it looks like I had a math issue and the total should be $31,000 annually. These numbers are based off of our old budget when we had the $1500 house payment so we were still able to s...
by bg5
Fri Aug 02, 2019 5:40 am
Forum: Personal Finance (Not Investing)
Topic: Sold Home - $300,000 Profit - Invest or Pay Cash For New House?
Replies: 58
Views: 5586

Sold Home - $300,000 Profit - Invest or Pay Cash For New House?

Hey Gang, Really need some help here. I have just sold my home and have $300,000 in cash in my bank account. The question I have is should I invest this or should I use it to pay cash for my new home and avoid a home payment? I live in a LCOL area and $250,000-$300,000 will get you a really nice hom...
by bg5
Sat Jun 01, 2019 7:16 pm
Forum: Personal Investments
Topic: Tax Deferred Investments vs. Taxable??? What is better?
Replies: 10
Views: 1096

Re: Tax Deferred Investments vs. Taxable??? What is better?

Depends on what your goals are. If you want to build long term wealth for retirement / estate, tax deferred is almost always the way to go. It's the "cheapest" of all options for that target from a tax perspective. Taxable can be better if you intend to use the money prior to retirement so you don'...
by bg5
Sat Jun 01, 2019 7:08 pm
Forum: Personal Investments
Topic: Tax Deferred Investments vs. Taxable??? What is better?
Replies: 10
Views: 1096

Tax Deferred Investments vs. Taxable??? What is better?

Hey Gang, How do you determine if you are investing to much money in tax deferred accounts? Retirement accounts today are as follows Roth IRA - 53K 403B - 147K Annually we are contributing the following: 19K into 403B 12K into Roth IRA (wife and I) Another piece of information will be when we retire...
by bg5
Thu May 30, 2019 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Invest in HSA or 529 Plan?
Replies: 6
Views: 712

Re: Invest in HSA or 529 Plan?

Forgot to mention we have around 20k in savings with very stable jobs that will be around until we no longer want to work. We have around 60k in Roth IRA that could be accessed without penalty in the event of a crazy emergency.
by bg5
Thu May 30, 2019 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Invest in HSA or 529 Plan?
Replies: 6
Views: 712

Invest in HSA or 529 Plan?

Hey Gang, We have a little extra money coming in each month and am wondering what I should do with the extra money. We are probably talking about $3000 extra per year. Quick Background on my wife and I Ages - 38 and 34 Kids = Ages 11 , 7 , 1 Debt = 4% interest rate with 28 years left on mortage. We ...
by bg5
Wed May 29, 2019 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Blended Family Issues and Keeping Things Equal
Replies: 38
Views: 3433

Re: Blended Family Issues and Keeping Things Equal

Thanks for all the advice given as I really appreciate it. I have reached out to 3 different estate attorneys in my area for a consultation to get this process started. Talking to friends in my area who have done this recently is sounds like my cost will be around $2000-$2500 which is what I was exp...
by bg5
Tue May 28, 2019 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Teaching jobs
Replies: 79
Views: 5084

Re: Teaching jobs

IN SW Michigan you would get hired in a minute as we have a huge shortage of teachers. I teach (off now because of baby) and have been working for 15 years and make 80K a year in a great school district. Bottom line is put in as many applications as possible and when you get an interview make sure y...
by bg5
Mon May 27, 2019 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Blended Family Issues and Keeping Things Equal
Replies: 38
Views: 3433

Re: Blended Family Issues and Keeping Things Equal

So what type of an attorney do I need to talk to???? An estate attorney???

Any rough estimate the cost that I should expect?
by bg5
Mon May 27, 2019 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Blended Family Issues and Keeping Things Equal
Replies: 38
Views: 3433

Blended Family Issues and Keeping Things Equal

Hey Gang, A couple of quick things on me. -38 years old -Teacher with an $80,000 a year salary (wife is also a teacher who makes $75,000) -We both will have pensions that will pass over to the other 100% upon death and we are both allowed to collect SS along with our pensions -We currently put away ...
by bg5
Thu May 16, 2019 10:53 am
Forum: Personal Investments
Topic: $1000 to invest in taxable brokerage account.
Replies: 6
Views: 502

Re: $1000 to invest in taxable brokerage account.

atdharris wrote:
Thu May 16, 2019 10:51 am
What do you mean? You have 200k in a retirement account and want to put $1000 in a taxable? Why not just put that $1000 into VTSAX?
I didnt realize I could :) Ill do that then :)
by bg5
Thu May 16, 2019 10:38 am
Forum: Personal Investments
Topic: $1000 to invest in taxable brokerage account.
Replies: 6
Views: 502

$1000 to invest in taxable brokerage account.

Hey Gang,

Have around 200K in VTSAX and I understand the risks involved. I want my $1000 investment to be as close to VTSAX so what do you suggest? An ETF????
by bg5
Thu May 16, 2019 8:04 am
Forum: Investing - Theory, News & General
Topic: Amazon....we all have seen this before :)
Replies: 62
Views: 9312

Amazon....we all have seen this before :)

Hey Gang, Thoughts on Amazon as it appears that a lot of younger people are jumping on stocks like Amazon in hopes that they hit a grand slam. The stock as of now looks rock solid to me as it has a lot of diversification and in my opinion is not a one trick pony. With that being said we have all see...
by bg5
Wed May 15, 2019 12:07 pm
Forum: Personal Investments
Topic: $12,000 in Bonds from Grandparents and need help!
Replies: 11
Views: 950

Re: $12,000 in Bonds from Grandparents and need help!

Just found out that I have around $12,000 in bonds and probably 90% of them are fully matured. The remaining 10% mature in the next year or two but most are earning 4% interest. What kind of bonds are these? From the description, they sound suspiciously like they might be EE Savings Bonds, original...
by bg5
Wed May 15, 2019 11:41 am
Forum: Personal Investments
Topic: $12,000 in Bonds from Grandparents and need help!
Replies: 11
Views: 950

Re: $12,000 in Bonds from Grandparents and need help!

Perfect....but is it stupid to place it into a traditional IRA to make gains and then eventually sold to place in Roth IRA if I ever need to ?????
by bg5
Wed May 15, 2019 11:31 am
Forum: Personal Investments
Topic: $12,000 in Bonds from Grandparents and need help!
Replies: 11
Views: 950

Re: $12,000 in Bonds from Grandparents and need help!

Sadly, both grandparents are dead :(
by bg5
Wed May 15, 2019 11:04 am
Forum: Personal Investments
Topic: $12,000 in Bonds from Grandparents and need help!
Replies: 11
Views: 950

$12,000 in Bonds from Grandparents and need help!

Hello, Just found out that I have around $12,000 in bonds and probably 90% of them are fully matured. The remaining 10% mature in the next year or two but most are earning 4% interest. Quick Background on myself and my wife Ages - 38 and 34 Retirement Accounts 403Bs Combined = $150,000 Roth IRA's co...
by bg5
Fri May 03, 2019 9:22 am
Forum: Investing - Theory, News & General
Topic: Berkshire buying stake in Amazon - my opinion
Replies: 55
Views: 6573

Re: Berkshire buying stake in Amazon - my opinion

Good move in my opinion but just as anyone else nobody knows what the future holds. At this point Amazon does seem unstoppable but as we all know so have a lot of companies that turned into disasters. The thing with Amazon is so many young consumers use it and with Prime you get so many extras. If I...
by bg5
Fri May 03, 2019 9:18 am
Forum: Personal Investments
Topic: VTSAX for his and hers?
Replies: 19
Views: 2285

Re: VTSAX for his and hers?

I have 100% of my retirement portfolio in VTSAX and I sleep very well at night. Not saying it perfect for everyone but I like it for where I am at in my life right now
by bg5
Tue Mar 19, 2019 8:13 am
Forum: Investing - Theory, News & General
Topic: 15 Year Case Study - 100% VTSAX
Replies: 14
Views: 2430

Re: 15 Year Case Study - 100% VTSAX

So basically you are investing 100% of your play money in VTSAX, since required living expenses is covered elsewhere by your pensions. I could take out some portion of my money as play money and "see how it goes" by putting it all on China. As opposed to investing money that is actually required to...
by bg5
Tue Mar 19, 2019 6:31 am
Forum: Investing - Theory, News & General
Topic: 15 Year Case Study - 100% VTSAX
Replies: 14
Views: 2430

Re: 15 Year Case Study - 100% VTSAX

Congratulations. You're adopting #2 on WCI's list of 150 portfolios better than mine. I guess time will tell :) Honestly I just wanted to keep things simple with low cost index funds. I am betting hard on the U.S. and bottom line is it probably wont make a big difference if I added international wi...
by bg5
Mon Mar 18, 2019 1:10 pm
Forum: Investing - Theory, News & General
Topic: 15 Year Case Study - 100% VTSAX
Replies: 14
Views: 2430

15 Year Case Study - 100% VTSAX

Hey Gang, I plan to use this post as a way to see what happens when you go 100% into VTSAX. My wife and I are sitting on $180,000 in VTSAX. We have been 100% into VTSAX since February 1 2018. They day we put $50,000 into the account was followed by a 650 pt loss so what a way to start. We plan to ma...
by bg5
Sat Mar 16, 2019 7:35 pm
Forum: Personal Investments
Topic: The case for 100% equities
Replies: 199
Views: 14168

Re: The case for 100% equities

I am 100% VTSAX and have about 11-15 years until retirement. I plan to stay 100% equities for at least the next 25 years but my situation is different than most. I live in a LCOL area and both my wife and I will receive pensions that we can live off of. I still plan to draw down on my retirement mon...
by bg5
Fri Mar 08, 2019 9:06 am
Forum: Personal Investments
Topic: Oppenheimer???? Stay out of this or help???
Replies: 29
Views: 2504

Re: Oppenheimer???? Stay out of this or help???

It his my grandmother and she is in her 90's.....my grandfather did very well in life and it just rubs me the wrong way that my uncle (who has no blood relation) continues to contact her. It is causing her stress and I wish he would just leave her alone. But I do understand what some have posted so ...
by bg5
Fri Mar 08, 2019 8:51 am
Forum: Personal Investments
Topic: Oppenheimer???? Stay out of this or help???
Replies: 29
Views: 2504

Oppenheimer???? Stay out of this or help???

Good Morning, I have an elderly relative that has asked me for some financial advice. They have around $2 million that they want to invest and asked me for some advice. I did advise them to this forum but because of their age I am not sure how helpful that would be. I told them about the 3 fund port...
by bg5
Sun Mar 03, 2019 7:12 pm
Forum: Personal Investments
Topic: How to invest a massive increase in salary?
Replies: 26
Views: 3474

Re: How to invest a massive increase in salary?

Dude....dont do it as it will put way to much stress on your marriage. I can see why you would be tempted but money is the root of all evil and I bet you will regret it if you go. Put your time and energy into your marriage (we all need to do this) and dont go overseas. As others have said money wil...
by bg5
Fri Mar 01, 2019 9:48 am
Forum: Personal Investments
Topic: Roll call Warren Buffet 90/10 portfolio
Replies: 96
Views: 23441

Re: Roll call Warren Buffet 90/10 portfolio

I am 100% invested in VTSAX. I am 38 and plan to keep this for another 30 years but I have always been a bit of a gambler. My wife and I will also have pensions which we should be able to live off of so I think of this retirement money as "fun money". Hopefully someday I can by all my kids a house a...
by bg5
Wed Feb 20, 2019 8:53 am
Forum: Personal Finance (Not Investing)
Topic: My Mortgage = Is it a problem?
Replies: 49
Views: 3941

Re: My Mortgage = Is it a problem?

Update....talked to my wife last night and we are on the same page so that is a good thing :) Here is what we have decided. 457B - I will fully max this out ($19,000) a year because I can access this prior to 59 1/2 without any penalties. Since I have the option to retire earlier than her this will ...
by bg5
Tue Feb 19, 2019 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: My Mortgage = Is it a problem?
Replies: 49
Views: 3941

Re: My Mortgage = Is it a problem?

First off thanks for all of the replies and I truly feel there is not right or wrong answer here. As long as your saving something whether its in a 529 or paying off debt its a good thing. I just filled out the form to contribute the max to my 457b account which is $19000 a year. My wife and I will ...
by bg5
Tue Feb 19, 2019 11:46 am
Forum: Personal Finance (Not Investing)
Topic: My Mortgage = Is it a problem?
Replies: 49
Views: 3941

Re: My Mortgage = Is it a problem?

Oh Man.....now I am all confused :) I am starting to really think hard about the 529 plan. At $500 a month I could basically put that into my retirement....my only concern is when college comes having very little in savings. If I were to take that $500 a month I could almost max out my 457B plan whi...
by bg5
Tue Feb 19, 2019 9:08 am
Forum: Personal Finance (Not Investing)
Topic: My Mortgage = Is it a problem?
Replies: 49
Views: 3941

My Mortgage = Is it a problem?

Hey Gang, My goal is to retire by 55 years of age and as I size up my retirement plan a huge obstacle appears to be my house debt. I am debating on whether to pay it off early or invest. Here is my info. Age - 38 - Wife 34 Kids Ages 10 - 7 - 1 Combined 529 Plans - $18,000 - and we are currently put...
by bg5
Sun Feb 17, 2019 12:12 pm
Forum: Investing - Theory, News & General
Topic: Split the Equity allocation 50% US / 50% International
Replies: 55
Views: 8200

Re: Split the Equity allocation 50% US / 50% International

I am 100% invest in Domestic (VTSAX) and I am not suggesting that is a perfect plan but I think what gets lost in how much domestic vs. international is that it really doesnt matter. The biggest thing is to keep investing and stick to your AA. At the end of the day it probably wont make a HUGE diffe...
by bg5
Fri Feb 15, 2019 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Invest or 529 PLan
Replies: 63
Views: 2076

Re: Invest or 529 PLan

Thanks for the info so far. Yes, I will qualify for full benefits in SS along with getting my pension. The pension does have COLA and survivor benefits as well. In our state you can deduct up to $5000 for state income tax. Our jobs are very stable and we do have a solid emergency fund. We also are a...
by bg5
Fri Feb 15, 2019 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Invest or 529 PLan
Replies: 63
Views: 2076

Invest or 529 PLan

Hey Gang, A question I have is should my wife and I invest in a 529 plan or put that money into our retirement and cash flow college when the time comes? Some Quick info on my wife and I Ages 38 and 33 - Income - $160,000 combined Retirement = we both will get pensions of 50% of our highest 3 years ...
by bg5
Fri Feb 15, 2019 9:06 am
Forum: Investing - Theory, News & General
Topic: Why I Own a Total Market Index Fund
Replies: 43
Views: 6801

Re: Why I Own a Total Market Index Fund

I love VTSAX as well.....thats why I have put 100% of my retirement into it. My situation is a little bit different than most Americans as my wife and I will both have pensions with COLA and we will be able to easily live off of them alone. I also understand the argument for foreign exposure and hav...
by bg5
Tue Feb 12, 2019 3:49 pm
Forum: Personal Investments
Topic: Why international?
Replies: 144
Views: 11467

Re: Why international?

I have a portfolion with 100% of my retirement invested into VTSAX. I feel better with my cash invested in domestic stocks but that is just what makes me sleep better at night. There was a time where I was in to 90%-10% ratio or 80%-20% for domestic vs. international. Bottom line is this....it proba...
by bg5
Mon Feb 11, 2019 8:36 pm
Forum: Personal Investments
Topic: 100% equities and looking to keep it simple
Replies: 13
Views: 1820

Re: 100% equities and looking to keep it simple

I am 38 years old and have my entire retirement into VTSAX and I have loved it so far. The idea that I will get what the market does is really cool to me. Best of luck!
by bg5
Mon Feb 11, 2019 8:33 pm
Forum: Personal Investments
Topic: Betterment to VTSAX
Replies: 7
Views: 1035

Re: Betterment to VTSAX

I love VTSAX......100% of my retirement is in this fund and I have decided to keep things simple and invest in 1 fund. Best of luck!
by bg5
Tue Jan 29, 2019 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Balancing Investing & Life
Replies: 23
Views: 1594

Re: Balancing Investing & Life

Happy New Year! I wanted to get peoples thoughts on finding a true balance between life and investing. My wife and I are both teachers and we both will hopefully get pensions and we have 2 kids with a 3rd on the way and have already started saving for college for them as well. As of now we are inve...
by bg5
Tue Jan 29, 2019 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Balancing Investing & Life
Replies: 23
Views: 1594

Balancing Investing & Life

Happy New Year! I wanted to get peoples thoughts on finding a true balance between life and investing. My wife and I are both teachers and we both will hopefully get pensions and we have 2 kids with a 3rd on the way and have already started saving for college for them as well. As of now we are inves...
by bg5
Mon Jan 28, 2019 7:31 pm
Forum: Personal Investments
Topic: 403b and 457b in Michigan
Replies: 9
Views: 368

Re: 403b and 457b in Michigan

I just want to make sure I understand this. Can someone clarify if all the following are true??? I can fully fund my 403b with $18,500 $19,000 this year pretax I can fully fund my 457 with $18,500 $19,000 this year - pretax I can fully fund my Roth IRA $6000 this year Yes, all of that is true. But ...
by bg5
Mon Jan 28, 2019 7:11 pm
Forum: Personal Investments
Topic: 403b and 457b in Michigan
Replies: 9
Views: 368

Re: 403b and 457b in Michigan

I just want to make sure I understand this. Can someone clarify if all the following are true???

I can fully fund my 403b with $18,500 this year pretax

I can fully fund my 457 with $18,500 this year - pretax

I can fully fund my Roth IRA $6000 this year
by bg5
Mon Jan 28, 2019 5:59 pm
Forum: Personal Investments
Topic: 403b and 457b in Michigan
Replies: 9
Views: 368

403b and 457b in Michigan

Hey Gang, I am a teacher and it is my understanding that I can fully fund both of these pre tax each year ($18,500 each) for a total of $37,000. My co-worker just brought this to my attention and wanted to make sure with was correct. I was always under the impression that you could only do a total o...
by bg5
Wed Jan 16, 2019 9:17 am
Forum: Personal Investments
Topic: 100% in VTSAX - Is it crazy???
Replies: 87
Views: 11869

100% in VTSAX - Is it crazy???

Hey Gang, For the last year I 18 months I have been 100% invested into VTSAX and I must admit I have slept great. When I was first turned onto the boglehead nation I was a firm believer in the 3 fund portfolio and I often got into the discussion of how much international. I always tended to have the...