Search found 23 matches

by naclt
Mon Oct 15, 2018 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: When to stop putting money into an older vehicle
Replies: 88
Views: 5784

Re: When to stop putting money into an older vehicle

I purchase my cars new and then hold them for ten years. This strategy has worked well for me so far since trade in values have been good. I get benefit of the new technology on the new car and have avoided the major repairs on my old car. I typically purchase Honda or Acura cars. +1 but I do every...
by naclt
Fri Sep 21, 2018 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another CP2000 for Roth IRA conversion thread
Replies: 43
Views: 4786

Re: Yet another CP2000 for Roth IRA conversion thread

Just received my CP2000 letter for the 2016 tax year. I was worried I would get left out. :annoyed
by naclt
Sat Sep 01, 2018 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: $200 cash bonus offer from Citi
Replies: 57
Views: 5196

Re: $200 cash bonus offer from Citi

I had a similar offer from Capital One 360 in August and transferred $10k, got the $200, and then transferred it back. No issues with any of it and a nice $200 bonus for very minimal work.
by naclt
Wed Aug 29, 2018 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Questions about a few life insurance certificates
Replies: 3
Views: 393

Re: Questions about a few life insurance certificates

I just stared the process of getting additional term life insurance and I’m also 40. My wife is going to stop working in the near future so I’m moving off my work provided policies into a third party policy. I have 500k with a third party currently that has 11 years left. When talking with a guy thr...
by naclt
Sat Aug 25, 2018 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Tips paying down mortgage - anybody use equity line ?
Replies: 16
Views: 1202

Re: Tips paying down mortgage - anybody use equity line ?

We had a 30yr mortgage and I just paid extra principal once or twice a year. I save it up and then go into a branch and sweep the funds towards principal. We are about one year out from paying it off, which would total a little over 10 years. The only thing I would mention that I learned on this boa...
by naclt
Sun Aug 19, 2018 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: Your major and investing/finance?
Replies: 99
Views: 5121

Re: Your major and investing/finance?

I was a Finance major but don’t see any correlation between my major and my personal finance philosophy. What helped me more from my past than anything was: 1) Junior Achievement T-shirt project in high school economics: taught me how to influence and ultimately how to take something over and drive ...
by naclt
Mon Jul 30, 2018 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: Transunion Credit Lock or Freeze? Credit Report Hell!
Replies: 9
Views: 1212

Re: Transunion Credit Lock or Freeze? Credit Report Hell!

I have a credit freeze in place at Equifax, Experian, Transunion, and Innovis. All were very easy to put in place online with some varying degree of process (some use a user name/password, some just a PIN that I set). I just temporarily lifted the freeze last week at Experian and Transunion to apply...
by naclt
Tue Jul 24, 2018 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: How Much Is Enough?
Replies: 34
Views: 6111

Re: How Much Is Enough?

SimplicityNow wrote:
Mon Jul 23, 2018 9:59 pm
I passed on several opportunities for promotion because it would have come at the cost of less time with my kids while they were going up.

I've never regretted the decision.
+1
by naclt
Tue Jul 24, 2018 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: How Much Is Enough?
Replies: 34
Views: 6111

Re: How Much Is Enough?

lthenderson wrote:
Mon Jul 23, 2018 3:34 pm
Now that I'm older, retirement is much cheaper than what the younger me thought it would be.
Crazy how much perspectives can change over time. What I thought I wanted to achieve / do when fresh out of college vs. now are very different.
by naclt
Sun Jul 22, 2018 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Which brokerage is best for backdoor Roth
Replies: 18
Views: 1472

Re: Which brokerage is best for backdoor Roth

Hi, Did some search but didn't found answers. Which bank has the most seamless and simple process for open tIRA and backdoor Roth convert? I prefer the bank don't need call or mail paperwork. Also, I have already brokerage accounts on eTrade, Schwab, and Fidelity. Thanks, I did it with Merrill Edge...
by naclt
Fri Jul 20, 2018 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Families - What's your total annual credit card spend?
Replies: 92
Views: 7208

Re: Families - What's your total annual credit card spend?

Just FYI, the US Bank Cash+ credit card recently added a 5% category for utilities, so you can make some money on this too even if there is a small fee to pay these bills with a credit card. (I pay gas / electric with this card; the water bill is usually too low to make this worthwhile). [/quote] Th...
by naclt
Mon Jul 16, 2018 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: Families - What's your total annual credit card spend?
Replies: 92
Views: 7208

Re: Families - What's your total annual credit card spend?

We average around $3,500 a month so $42k a year. That excludes property taxes, insurance, and basic utilities (water, power, gas).

That’s for a family of 5.
by naclt
Fri Jun 29, 2018 12:14 pm
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 511
Views: 56115

Re: Pulled the trigger and paid off the house today

Awesome, good for you! Hope to be in your shoes in the near future. :beer

And sad that you can’t celebrate more publicly...self contained excitement and gratification!
by naclt
Thu Jun 28, 2018 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Roth vs Taxable to Fund Retirement Prior to 59 1/2
Replies: 12
Views: 1239

Re: Roth vs Taxable to Fund Retirement Prior to 59 1/2

At age 40 you are thinking about retiremnet. To many things could happen. Including a declining market that cuts your portfolio in half. So, I would state max out all investment accounts have a large emergency fund and make sure you are debt free. And don't make investment mistakes. Then when 5 yea...
by naclt
Thu Jun 28, 2018 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Roth vs Taxable to Fund Retirement Prior to 59 1/2
Replies: 12
Views: 1239

Re: Roth vs Taxable to Fund Retirement Prior to 59 1/2

Are you maxing your 401k now? Traditional, Roth, or mix of the two? The fact that you're doing the backdoor Roth suggest that you are in a higher tax bracket. That would tend to favor deferring your taxes via traditional 401k contributions, especially if you retire early, as you then have lots of t...
by naclt
Thu Jun 28, 2018 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Roth vs Taxable to Fund Retirement Prior to 59 1/2
Replies: 12
Views: 1239

Roth vs Taxable to Fund Retirement Prior to 59 1/2

Based on current projections, I’ll be able to retire in 16 more years at age 56 using my 401(k). I also have a Roth IRA that will be available to help supplement as needed. What I’m curious about is how to fund retirement expense before getting access to my 401(k) at 59 1/2. Based on what I read the...
by naclt
Sat Apr 21, 2018 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Strategy for Use of Restricted Stock Units
Replies: 18
Views: 1481

Re: Strategy for Use of Restricted Stock Units

Thanks for the good advice everyone.
by naclt
Sat Apr 21, 2018 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Strategy for Use of Restricted Stock Units
Replies: 18
Views: 1481

Re: Strategy for Use of Restricted Stock Units

I always cash them out the day they vest. Then you can use the money the same as you would any other part of compensation - put it in an IRA, invest in taxable, add to the EF, pay down debt, spend it on something you need. For me RSUs are a fairly big chunk of my bonus structure, and I am already h...
by naclt
Sat Apr 21, 2018 8:43 am
Forum: Personal Finance (Not Investing)
Topic: Strategy for Use of Restricted Stock Units
Replies: 18
Views: 1481

Strategy for Use of Restricted Stock Units

I received restricted stock units as part of my annual bonus for the first time and I’m unsure what to do with them. They vest over a 3 year period and I expect to continue to receive additional RSUs every year assuming continued performance of my company. I don’t have a specific need for the money ...
by naclt
Wed Mar 28, 2018 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: How Do You Value Your Home for Net Worth Purposes?
Replies: 150
Views: 11159

Re: How Do You Value Your Home for Net Worth Purposes?

We use Zillow with a max value not to exceed the original purchase price (my conservative take...although it can be hard not to mark up in value when I get close to a net worth hurdle :D ).
by naclt
Mon Mar 19, 2018 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: At what point does it make sense to pay down your mortgage?
Replies: 76
Views: 9060

Re: At what point does it make sense to pay down your mortgage?

So i’m In the camp of having greatly reduced my mortgage over the past 10 years. Original: $450K Owe: $67K Given i’ve never heard of recasting a mortgage, it’s something that i’m interested in. My question is if your bank doesn’t allow recasting or your mortgage isn’t eligible, can you perform some...
by naclt
Mon Mar 19, 2018 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: At what point does it make sense to pay down your mortgage?
Replies: 76
Views: 9060

Re: At what point does it make sense to pay down your mortgage?

So i’m In the camp of having greatly reduced my mortgage over the past 10 years. Original: $450K Owe: $67K Given i’ve never heard of recasting a mortgage, it’s something that i’m interested in. My question is if your bank doesn’t allow recasting or your mortgage isn’t eligible, can you perform somet...
by naclt
Thu Mar 15, 2018 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Recommended savings ‘Buckets’?
Replies: 30
Views: 2823

Re: Recommended savings ‘Buckets’?

We have different accounts set up at Ally. Sometimes I feel having multiple accounts is more of a hobby than any kind of necessity. 1) emergency fund - 8 months worth of expenses 2) property taxes and car/homeowners insurance - we accrue each month 3) vacation fund - set aside funds from bonus at th...