Search found 38 matches

by GetMeToRetirement
Mon Feb 10, 2020 3:34 pm
Forum: Investing - Theory, News & General
Topic: I have a wild [asset allocation] theory. Poke some holes in it.
Replies: 39
Views: 6273

Re: I have a wild theory. Poke some holes in it.

"How to make a million dollars: first, get a million dollars..."
by GetMeToRetirement
Thu Jan 30, 2020 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Goal of Early Retirement?
Replies: 29
Views: 3518

Re: Goal of Early Retirement?

It seems to me that the main consideration in when you can retire is what you estimate your expenses to be in retirement. If you don't know that, you can't possibly know what's enough for adequate periodic withdrawals, and if you don't know what you need for withdrawals, you can't possibly know how ...
by GetMeToRetirement
Mon Jan 27, 2020 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Torn Between Aggressive Home Payoff or Investing
Replies: 67
Views: 6343

Re: Torn Between Aggressive Home Payoff or Investing

My wife (SAHM) and I were having a similar debate a while back (albeit about a smaller remaining amount on our fixed 3.75% 30 yr mortgage). I was maxing out my 401k and HSA, and contributing to our two kids' 529s, and trying to figure out how to direct the rest of our money. We knew the financial an...
by GetMeToRetirement
Fri Jan 17, 2020 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Paid off $15,000 on a car loan and it feels so good.
Replies: 9
Views: 685

Re: Paid off $15,000 on a car loan and it feels so good.

Congratulations! :sharebeer :sharebeer We have about $6,000 left on a 2016 car loan (only other debt is our mortgage) that will be paid off with normal monthly payments in May 2021, and we've been going back and forth about just paying it off. Our normal $400 monthly payment includes only $30 of int...
by GetMeToRetirement
Fri Dec 20, 2019 11:58 am
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1294
Views: 177206

Re: Post your Financial Milestone Announcements Here

New to the forum and really enjoying it so far! Our family (35/34/3/0) just hit over $1M in assets last month! We hope to improve that to $1M in net worth after a few more years of paying down the mortgage (depending on market performance of course - largely the 401k). Checking in about two years l...
by GetMeToRetirement
Tue Dec 17, 2019 9:30 am
Forum: Investing - Theory, News & General
Topic: When/how to spend HSA funds in retirement?
Replies: 48
Views: 2885

Re: When/how to spend HSA funds in retirement?

HSA funds can be used to pay Medicare Part B (the part that is deducted from SS), Part C (Medicare Advantage) and Part D (Prescription Drug coverage), thus I'm not worried about using up the funds in the account. In 2020, Part B will be over $1,735 per person ($144/m). If in addition a person budge...
by GetMeToRetirement
Mon Dec 16, 2019 11:56 am
Forum: Investing - Theory, News & General
Topic: When/how to spend HSA funds in retirement?
Replies: 48
Views: 2885

Re: When/how to spend HSA funds in retirement?

HSA funds can be used to pay Medicare Part B (the part that is deducted from SS), Part C (Medicare Advantage) and Part D (Prescription Drug coverage), thus I'm not worried about using up the funds in the account. In 2020, Part B will be over $1,735 per person ($144/m). If in addition a person budge...
by GetMeToRetirement
Tue Dec 03, 2019 2:49 pm
Forum: Personal Investments
Topic: Choosing between 529 Plans
Replies: 22
Views: 903

Re: Choosing between 529 Plans

Have you considered the Utah plan? We ended up with that one after considering the other ones on the list. It has low fees as a wide variety of investment options, vanguard and dfa. The gift process for others to contribute is set up very well. Agreed. We have two 529s from Utah (callled "My529s"),...
by GetMeToRetirement
Mon Nov 25, 2019 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Retirement age for planning purposes
Replies: 41
Views: 3199

Re: Retirement age for planning purposes

I'm 37, so I have a long way to go, and there are a lot of different variables that could affect the age at which I'm able to retire, but I plan to retire two years after I reach financial independence. Obviously I don't know what my returns or sequence of returns will be over the next two decades, ...
by GetMeToRetirement
Thu Nov 21, 2019 9:46 am
Forum: Investing - Theory, News & General
Topic: Schwab acquiring TD Ameritrade
Replies: 131
Views: 13781

Re: Schwab acquiring TD Ameritrade

I had a Roth IRA through Scottrade, and the transition to TD Ameritrade, while somewhat delayed, was painless. All I had to do was click a link that was emailed to me, then create a TD Ameritrade username and password. The investment portion of my hsabank HSA account is also with TD Ameritrade. I wo...
by GetMeToRetirement
Fri Aug 23, 2019 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Do you categorize additional contribution to debt repay as saving?
Replies: 101
Views: 4050

Re: Do you categorize additional contribution to debt repay as saving?

For the purpose of looking at my ratio of "necessary expenses"/"discretionary expenses"/"savings," I consider the normal monthly payment to my mortgage lender to be a "necessary expense," but I consider my additional $700/mo voluntary prepayments on mortgage principal to be "savings." I just conside...
by GetMeToRetirement
Thu Jun 20, 2019 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Paying off my mortgage - what to expect?
Replies: 46
Views: 4576

Re: Paying off my mortgage - what to expect?

In the first or second month after you pay it off use the money you would have paid for the mortgage and take your friends out for a great night on the town. Fancy dinner, maybe a show, whatever. Our friends did this with their school loan payment and everyone still talks about what a great night i...
by GetMeToRetirement
Fri Jun 14, 2019 12:42 pm
Forum: Personal Consumer Issues
Topic: Petroleum pipeline on property
Replies: 27
Views: 2903

Re: Petroleum pipeline on property

Is the house served by public water or well water? Public water service could significantly reduce any consequences of a potential future leak or incident, however likely/unlikely.
by GetMeToRetirement
Fri May 31, 2019 9:07 am
Forum: Personal Consumer Issues
Topic: SiriusXM Free Trial [on my new car] Ends Today
Replies: 27
Views: 2085

Re: SiriusXM Free Trial Ends Today

If you hold off until late December, they'll send a $5/mo for 12 mos offer via email (or at least they have for the last two years). I think that's for the Select package. So far I have resisted temptation and instead listen to FM or downloaded podcasts via bluetooth.
by GetMeToRetirement
Fri Mar 29, 2019 4:11 pm
Forum: Personal Consumer Issues
Topic: What to see in Philly?
Replies: 87
Views: 6786

Re: What to see in Philly?

I'm going to be in Philly in a couple weeks and have five days to kill. I just wanted to bump this thread to see if there are more suggestions. Reading Terminal is definitely on my list as well as the historic district because I'm a history buff. I'm going to be staying near the Convention center o...
by GetMeToRetirement
Wed Feb 27, 2019 4:45 pm
Forum: Personal Consumer Issues
Topic: Things to do in and around San Diego
Replies: 33
Views: 2000

Re: Things to do in and around San Diego

Point Loma: Views of both Pacific Ocean and Bay; best place to see sunset; good hiking; Sunset Cliffs Natural Park La Jolla: Upscale area right on Pacific with elevated views, wild seals, caves, and hiking paths; good place to rent kayak; The Taco Stand (great tacos); Children's Pool Petco Park Old ...
by GetMeToRetirement
Fri Feb 01, 2019 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 27643

Re: Cost of college and 529

I can't claim that our method is the optimal strategy, but here goes: With so many unknowns between now and when our two children might go to college in the 2030's (yikes), not the least of which are the future cost of college and what type/location of college they might attend, we decided it was no...
by GetMeToRetirement
Tue Jan 15, 2019 3:45 pm
Forum: Personal Consumer Issues
Topic: Any good reason to get a smartwatch?
Replies: 93
Views: 4730

Re: Any good reason to get a smartwatch?

I use my smartwatch constantly. I have no data plan, so after purchase price, there is no monthly cost. I charge it every other night while I sleep (I thankfully have no sleep issues other than my toddler's occasional interruption, so I don't use any of the available sleep tracking apps for the watc...
by GetMeToRetirement
Thu Jan 03, 2019 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with $4k / month
Replies: 8
Views: 1339

Re: What to do with $4k / month

Good question - it looks like others have raised the question, and at least some commenters indicated that if you're not getting a good state deduction for the 529, the roth might be the better option.
viewtopic.php?t=200877
by GetMeToRetirement
Thu Jan 03, 2019 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with $4k / month
Replies: 8
Views: 1339

Re: What to do with $4k / month

New Jersey's 529 is terrible but I'd recommend opening a top-ranked 529 (e.g. Nevada or My529 Utah) for your child and contributing at least some of that $4,000/mo to take advantage of 15 years of compounding.

Second the backdoor Roth idea.
by GetMeToRetirement
Tue Dec 11, 2018 10:38 am
Forum: Personal Consumer Issues
Topic: To each his own ( I guess ) [Opinions of traveling in retirement]
Replies: 109
Views: 8518

Re: To each his own ( I guess ) [Opinions of traveling in retirement]

Call us uncultured but neither of us seem to have much interest in Europe. With absolutely no disrespect intended, I'm interested as to why you do not have much interest in Europe, and perhaps making a list of the pros, cons, and opportunities might lead you to a different conclusion. Of course, yo...
by GetMeToRetirement
Fri Oct 19, 2018 8:25 am
Forum: Investing - Theory, News & General
Topic: 2019 Retirement Contribution Limits Announced
Replies: 54
Views: 7828

2019 Retirement Contribution Limits Announced

[Thread merged into here, see below. --admin LadyGeek]

One year ago, the IRS announced the 2018 increase in 401(k) contribution limit to $18,500. Any idea if we can expect the IRS to announce the 2019 limits today?
by GetMeToRetirement
Tue Oct 16, 2018 8:18 am
Forum: Personal Finance (Not Investing)
Topic: The Next Millionaire Next Door: Enduring Strategies for Building Wealth Hardcover will be released October 1, 2018
Replies: 69
Views: 15063

Re: The Next Millionaire Next Door: Enduring Strategies for Building Wealth Hardcover will be released October 1, 2018

Read it. My POV ... It is not a replacement for the original. Is it a satisfactory refresh of the original? No Would I recommend it? For big fans of the original, it's probably worth reading. As for everyone else, I suggest the original. I wish ... I think a better book would have been to reprint t...
by GetMeToRetirement
Thu Oct 04, 2018 11:58 am
Forum: Personal Finance (Not Investing)
Topic: The Next Millionaire Next Door: Enduring Strategies for Building Wealth Hardcover will be released October 1, 2018
Replies: 69
Views: 15063

Updated Millionaire Next Door

[Thread merged into here, see below (next page). --admin LadyGeek] The new "The Next Millionaire Next Door: Enduring Strategies for Building Wealth" was released October 1. Has anybody breezed through it yet, and if so, was there enough "new" and/or "different" content to justify a purchase? (I kno...
by GetMeToRetirement
Wed Jun 06, 2018 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 968
Views: 130732

Re: How much money do you want to retire?

I'm hoping to retire, after paying off our mortgage, when we can withdraw about $6,000 per month (in today's dollars) after taxes at hopefully a 3.5% withdrawal rate. Beyond maxing out the 401k, I'm aggressively saving in my HSA and kids' 529s, and making early principal payments on my mortgage, in ...
by GetMeToRetirement
Mon Jun 04, 2018 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: What is your Take Home Pay / Gross Pay ratio?
Replies: 89
Views: 9082

Re: What is your Take Home Pay / Gross Pay ratio?

~55%

Includes automatic deductions before take home pay that include taxes, max 401k, max HSA, 529 contributions, benefits, and a charitable donation.
by GetMeToRetirement
Thu May 17, 2018 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 756
Views: 64154

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

For reference, the married filing jointly (MFJ) tax brackets in 2018: 10% $0 12% $19,050 22% $77,400 24% $165,000 32% $315,000 35% $400,000 37% $600,000 Plus, you have the $24k standard deduction, so the first $24k is tax free. Now, lets assume at 4% withdrawal rate. This means you can withdraw $24...
by GetMeToRetirement
Tue May 01, 2018 3:18 pm
Forum: Investing - Theory, News & General
Topic: Everything You Need to Know on an Index Card
Replies: 33
Views: 5253

Re: Everything You Need to Know on an Index Card

- Pay yourself first
- Strict budget from Day 1
- Automate retirement savings Day 1
- Invest in lowest cost, broadest funds
- No bad debt!
- Stay healthy
- Save a ton for your first house
- Make sure you and your future spouse are financially aligned
by GetMeToRetirement
Tue Apr 24, 2018 2:35 pm
Forum: Personal Investments
Topic: Opinions on SPTM ETF in taxable for US stock index fund
Replies: 33
Views: 4634

Re: Opinions on SPTM ETF in taxable for US stock index fund

livesoft wrote:
Wed Feb 28, 2018 9:21 am
I will always consider a limit order when using SPTM.
I also use limit orders for about $500/month of SPTM within my HSA at TDA. Works for me.
by GetMeToRetirement
Fri Apr 20, 2018 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: How old are you and how much do you save for retirement a year
Replies: 244
Views: 37939

Re: How old are you and how much do you save for retirement a year

Cycle wrote:
Thu Apr 19, 2018 8:53 pm
34, spouse and I save $160-175k usd per year for retirement/misc savings on ~290k income from two full time jobs and rental income from one unit in a duplex we owner occupy. no debt. $1.2m net worth.
Holy !@#$ good work!
by GetMeToRetirement
Wed Apr 18, 2018 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: How old are you and how much do you save for retirement a year
Replies: 244
Views: 37939

Re: How old are you and how much do you save for retirement a year

As of 2018 Me: 35 Wife (stay at home): 34 ///// 401k contribution: 18,500 per year 401k "matching" from employer: ~ 8,500 per year, depending on fluctuating deferred compensation percentage HSA: 6,850 per year After tax: 2,400 per year ///// Also, extra mortgage principal payments per month and usu...
by GetMeToRetirement
Tue Mar 20, 2018 8:17 am
Forum: Personal Consumer Issues
Topic: Is a Model Release normal for wedding videography?
Replies: 28
Views: 3004

Re: Is a Model Release normal for wedding videography?

Strike it out. JT Agreed. Strike out that provision, and put your initials in the margin next to the stricken paragraph before signing. If the videographer comes back and protests, then you can ask why he/she is fighting so hard for that provision; chances are, he/she will just accept the provision...
by GetMeToRetirement
Fri Feb 02, 2018 3:09 pm
Forum: Investing - Theory, News & General
Topic: Leaning Toward Paying Extra Principal to 30 Year Mortgage
Replies: 15
Views: 1859

Re: Leaning Toward Paying Extra Principal to 30 Year Mortgage

Personally, I would split the money and do both, but in my opinion, your age and retirement horizon are important factors to consider. If you have a goal of paying off the mortgage before retiring, and also have a goal of retiring early, then it probably makes sense to allocate more of the "extra" m...
by GetMeToRetirement
Fri Jan 26, 2018 10:10 am
Forum: Investing - Theory, News & General
Topic: 401k millionaires
Replies: 158
Views: 28881

Re: 401k millionaires

I am 35, and my 401(k) balance hit $460k this week. I have been contributing 10% (not including my employer's 1.5% match and 2-4% "profit sharing") per year to my 401(k) since I was first eligible in 2008. This year will be the first year that my 10% contribution gets me to the contribution limit of...
by GetMeToRetirement
Thu Jan 25, 2018 11:16 am
Forum: Personal Consumer Issues
Topic: Board game for 3 year old
Replies: 36
Views: 2687

Re: Board game for 3 year old

Although not a board game, my 3 y/o and I highly recommend Castle Logix. "SmartGames Castle Logix challenges kids to construct castles, block by block and tower by tower, flexing logic muscles with this beautifully crafted 3-D wooden puzzle. Assemble the wooden blocks and towers to match the challen...
by GetMeToRetirement
Thu Jan 18, 2018 6:38 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1294
Views: 177206

Re: Post your Financial Milestone Announcements Here

New to the forum and really enjoying it so far! Our family (35/34/3/0) just hit over $1M in assets last month! We hope to improve that to $1M in net worth after a few more years of paying down the mortgage (depending on market performance of course - largely the 401k).