Search found 59 matches

by SanAntionetta
Thu Dec 03, 2020 10:32 am
Forum: Personal Investments
Topic: Late to investing - Seeking investing advice
Replies: 49
Views: 4096

Re: Late to investing - Seeking investing advice

Sounds like you have a great plan!

Question regarding 529- you suggested you are a tenured professor. Doesn’t that mean your children get to go to some colleges tuition free? If that’s a possibility I would be worried about tying all my money in a 529.
by SanAntionetta
Thu Nov 12, 2020 12:27 pm
Forum: Personal Investments
Topic: Roth % and Rebalancing
Replies: 4
Views: 364

Re: Roth % and Rebalancing

I'm inclined to agree with your tax person - go for traditional 401k contribution. What makes you think your taxes will go up when you start withdrawing from your retirement accounts? Consider that even if tax rates go up in the future, your taxable income may be in a lower bracket than it is now. ...
by SanAntionetta
Thu Nov 12, 2020 10:24 am
Forum: Personal Investments
Topic: Roth % and Rebalancing
Replies: 4
Views: 364

Roth % and Rebalancing

Hoping for some help on investments as I’m doing 2021 planning. Stats: Me, 39, spouse, 37, 2 young kids both in daycare :greedy Retirement savings 401k: $107k - 85% stocks / 15% bonds (Contribution rate maxing 80/20 with 50-50 Roth vs traditional split) Rollover IRA : $367k -10% bonds / 90% stocks R...
by SanAntionetta
Sun Jul 19, 2020 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: How much to put down on mortgage
Replies: 26
Views: 2048

Re: How much to put down on mortgage

Hmmm working in the unfinished basement sounds kind of miserable in the winter but who knows we will see. I hope people continue to be safe and the kids can stay in daycare all winter. The living space in this new house is a bit less than our current home. I am a bit spoiled to have my own office an...
by SanAntionetta
Wed Jul 15, 2020 11:57 am
Forum: Personal Finance (Not Investing)
Topic: How much to put down on mortgage
Replies: 26
Views: 2048

Re: How much to put down on mortgage

Update: I locked in a 30 year mortgage at 2.875% today. :sharebeer I will endeavor to put the 20% down. Our payment will be $200/mo less than present so extra $ after budget will be about $3000/mo, down to $1500/mo once baby is in daycare if I can find one. I didn’t even think of using one of those ...
by SanAntionetta
Wed Jul 15, 2020 8:37 am
Forum: Personal Finance (Not Investing)
Topic: How much to put down on mortgage
Replies: 26
Views: 2048

Re: How much to put down on mortgage

Thanks guys I will definitely check out the 30 year rate! My mortgage broker says we can take off PMI whenever we are 80% LTV but have to lay the minimum of one year $400. I thought the $400 would be fair for flexibility. I’m just so scared of going into lockdown in the winter In the northeast with ...
by SanAntionetta
Wed Jul 15, 2020 8:28 am
Forum: Personal Finance (Not Investing)
Topic: How much to put down on mortgage
Replies: 26
Views: 2048

Re: How much to put down on mortgage

If you’re looking at pmi and making payments on a cheap loan then why not put even less money down? Dangerous game. Concerning that with a house payment of 10% you haven’t saved up way more in anticipation of buying a house that needs immediate work. What’s the rest of your financial picture? Also ...
by SanAntionetta
Wed Jul 15, 2020 7:30 am
Forum: Personal Finance (Not Investing)
Topic: How much to put down on mortgage
Replies: 26
Views: 2048

Re: How much to put down on mortgage

I don't see the point in doing the basement right away. Especially if it means you can't afford to put down a proper 20% and end up needing PMI. That's foolish in my book. To me paying $25/Mo for a year ($400) would be cheaper than financing a basement - we can always pay off the extra $20k to remo...
by SanAntionetta
Wed Jul 15, 2020 6:57 am
Forum: Personal Finance (Not Investing)
Topic: How much to put down on mortgage
Replies: 26
Views: 2048

How much to put down on mortgage

I’m faced with uncertainty and hoping the wisdom of this group will help. We are closing on a new house next month while selling ours. The good thing is that the house is in a better school district with cheaper taxes. So while we are paying more for the house the monthly payment is about the same a...
by SanAntionetta
Fri May 01, 2020 3:49 pm
Forum: Personal Consumer Issues
Topic: Daycare closed
Replies: 140
Views: 11165

Re: Daycare closed

CT resident here - our daycares are open to all. https://www.facebook.com/973086522877132/posts/1360082390844208/?vh=e We have our kids out right now - daycare stopped charging as of 4/1 but is starting to charge again as of 5/15 as the state reopens. We are supposed to tell them by today when my da...
by SanAntionetta
Fri Apr 17, 2020 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Upgrade Computer Before Law School?
Replies: 42
Views: 2042

Re: Upgrade Computer Before Law School?

Get the lightest Mac available. I used the Mac air. Those textbooks are really heavy!
by SanAntionetta
Wed Apr 15, 2020 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Father's Lawsuit Settlement
Replies: 21
Views: 1943

Re: Father's Lawsuit Settlement

You probably did the same calculations I just did... $295 per week = $15,340 per year $245,000 settlement / $15,340 = 16 year break even for the payer He'a 58 now, Means they'd be off the hook when he's 74. Good deal for them, rotten deal for Dad. Two additional questions are really important - att...
by SanAntionetta
Sun Apr 12, 2020 3:21 pm
Forum: Personal Consumer Issues
Topic: When to upgrade house vs location uncertainty
Replies: 15
Views: 1068

Re: When to upgrade house vs location uncertainty

I’m following along because we are in a similar situation although the #s are different. We bought our house before we had kids and didn’t think about how living on a busy street or having an uneven backyard so they cant have a play set would impact us. We just had our second child and will either h...
by SanAntionetta
Fri Apr 10, 2020 1:11 pm
Forum: US Chapters
Topic: Update - we did it! THANK YOU
Replies: 15
Views: 2275

Re: Update - we did it! THANK YOU

. I hope you folks did something to celebrate that is maybe a little bit expensive for your comfort level - you deserve it!! Well I’ve committed to giving my next payment amount to charity Unfortunately (fortunately?) there isn’t anything expensive I would buy myself at this stage. Maybe a swing se...
by SanAntionetta
Fri Apr 10, 2020 1:08 pm
Forum: US Chapters
Topic: Update - we did it! THANK YOU
Replies: 15
Views: 2275

Re: Update - we did it! THANK YOU

I would encourage you to stay student loan free. You have a 15 year notice that your 3 year old will be college age in 15 years. Follow sound financial principles. Secure your and your husband's own financial security. And start saving for your child's college once you are well on your way to getti...
by SanAntionetta
Fri Apr 10, 2020 10:17 am
Forum: Personal Consumer Issues
Topic: Seller hesitant to part with something
Replies: 38
Views: 3485

Re: Seller hesitant to part with something

Tell him there are other items you are interested in investing in so if he wants to sell to you to let you know within the five days otherwise you are moving on. I wouldn’t increase your offer because it will be bidding against yourself and look desperate. If he responds and says he is interested bu...
by SanAntionetta
Fri Apr 10, 2020 10:12 am
Forum: US Chapters
Topic: Update - we did it! THANK YOU
Replies: 15
Views: 2275

Re: Update - we did it! THANK YOU

Congratulations! As a family with 4 kids we understand children are expensive especially for the first 5 years. The cash flow will be very helpful. Thanks! I hope all four kids weren’t in daycare at once! We started late so we are done with two. Although even after daycare there is college saving t...
by SanAntionetta
Fri Apr 10, 2020 10:07 am
Forum: Personal Finance (Not Investing)
Topic: How much to have saved by age
Replies: 4
Views: 811

Re: How much to have saved by age

So many factors in retirement make these “goals” pretty useless. 10-20x is a HUGE range anyway! - mortgage status - I think most people plan to have their home paid off by retirement so that is a big expense -kids - most people don’t retire until their kids are off the teat. -social security - will ...
by SanAntionetta
Fri Apr 10, 2020 9:44 am
Forum: US Chapters
Topic: Update - we did it! THANK YOU
Replies: 15
Views: 2275

Update - we did it! THANK YOU

[Topic moved to Boglehead Community - moderator prudent] Two years ago I reached out for advice on personal finance strategy and I was strongly encouraged to pay off my husband’s and my student loans which were about $40k. It took us two years but we finally did it!! Thank you for making the sugges...
by SanAntionetta
Fri Apr 10, 2020 9:38 am
Forum: Investing - Theory, News & General
Topic: Assessing my investment strategy / managing emotions during the dip
Replies: 5
Views: 334

Re: Assessing my investment strategy / managing emotions during the dip

Hi - sorry for the delay in responding. I am not changing my contribution levels in retirement I already contribute the max. I have started contributing a small amount weekly to a total market index fund in my taxable account. I don’t have a large taxable account since I’ve been focusing on building...
by SanAntionetta
Wed Mar 25, 2020 3:01 pm
Forum: Investing - Theory, News & General
Topic: Assessing my investment strategy / managing emotions during the dip
Replies: 5
Views: 334

Re: Assessing my investment strategy / managing emotions during the dip

This decision might seem big now but won’t have a big difference at your ultimate retirement. If you “save” 20% of 8.5k ($1600) that will mean nothing compared to your future ongoing contributions.the most important things are time in the market and continued contributions. If you really want you co...
by SanAntionetta
Wed Mar 18, 2020 9:07 am
Forum: Personal Finance (Not Investing)
Topic: What to do with bonuses this year
Replies: 22
Views: 2195

Re: What to do with bonuses this year

Lol @stormbringer - my daddy has all the supplies to make his own ammo. So I compared the car loan versus mortgage and refinancing the mortgage would obviously be a much higher savings vehicle than messing with a low interest car loan with two years left. I got quoted 2.75% on a 15 year mortgage whi...
by SanAntionetta
Wed Mar 18, 2020 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Student Loan Refinance
Replies: 13
Views: 1106

Re: Student Loan Refinance

I refinanced my law school loans through Earnest to a five year loan at 3.5% and it was a great experience. I totally recommend once the 0% rate is changed back.

Annoying how grad school loans are 6.8% while undergrad is 3.8% while we are better able to pay them off.
by SanAntionetta
Sat Mar 14, 2020 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with bonuses this year
Replies: 22
Views: 2195

Re: What to do with bonuses this year

^ this raises an eyebrow for me. Typically, low targets mean either your prorated (just hired), you had a really bad year (individual multiplier), or the company had a terrible year (corporate multiplier). Are you at all concerned about your job security? The company had a truly terrible year. My f...
by SanAntionetta
Sat Mar 14, 2020 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with bonuses this year
Replies: 22
Views: 2195

Re: What to do with bonuses this year

. I quit reading when i saw you have debt and cash just wasting away - makes no sense. Do both! Use the bonus and the wasted cash. I feel differently about debt - it is a tool. The difference between the 2.75% on the CD and the 3.5% on the car note is only 0.75% or $75 for the year which is worth i...
by SanAntionetta
Thu Mar 12, 2020 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with bonuses this year
Replies: 22
Views: 2195

Re: What to do with bonuses this year

OP, How about paying off car loan? That’s a pretty good guaranteed ROI and will free up cashflow. WoodSpinner Agreed - 3.5% is much better than I would get in cash nowadays. You would do that over investing in equities? I could take the $440/mo and invest that which would help with the dollar cost ...
by SanAntionetta
Thu Mar 12, 2020 11:58 am
Forum: Personal Finance (Not Investing)
Topic: What to do with bonuses this year
Replies: 22
Views: 2195

Re: What to do with bonuses this year

OP, How about paying off car loan? That’s a pretty good guaranteed ROI and will free up cashflow. WoodSpinner Agreed - 3.5% is much better than I would get in cash nowadays. You would do that over investing in equities? I could take the $440/mo and invest that which would help with the dollar cost ...
by SanAntionetta
Thu Mar 12, 2020 11:56 am
Forum: Personal Finance (Not Investing)
Topic: What to do with bonuses this year
Replies: 22
Views: 2195

Re: What to do with bonuses this year

I would use the cash to get under 80% ltv to get rid of PMI. I would also probably add some to EF or pay off car loan of a combination of both. it’s $60/mo pmi for two years which is $1440 total which is 12% of $12K. I could see how that makes sense. I’m not sure how to figure the return on that si...
by SanAntionetta
Thu Mar 12, 2020 11:51 am
Forum: Personal Finance (Not Investing)
Topic: What to do with bonuses this year
Replies: 22
Views: 2195

Re: What to do with bonuses this year

mortfree wrote: Thu Mar 12, 2020 11:06 am How do you know already the bonus would be double next year?
Long term guaranteed incentive award
by SanAntionetta
Thu Mar 12, 2020 10:20 am
Forum: Personal Finance (Not Investing)
Topic: What to do with bonuses this year
Replies: 22
Views: 2195

What to do with bonuses this year

It’s bonus time and I’m at a loss what to do with this financial climate . I only got 60% of my target this year but got some long term incentives which will make the next few years much better. further my CD from last years bonus is maturing and the renewal rates are lame. I know this isn’t a lot o...
by SanAntionetta
Wed Mar 11, 2020 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a home 3x income ?
Replies: 28
Views: 3411

Re: Buying a home 3x income ?

We also did about 1.3x salary but it’s nice to know we can get by in one salary. We would have spent more if property taxes were not so high (they are approx 33% of our mortgage payment) We’ve thought about getting a bigger house now as a family of 4, but I always promised myself not to fall into th...
by SanAntionetta
Fri Dec 20, 2019 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: first time buying/selling same time - recast mortgage?
Replies: 20
Views: 1214

Re: first time buying/selling same time - recast mortgage?

Unless all the buyers in your market are first time buyers or possibly purchasing 2nd homes, buying with a contingency shouldn’t make you non- competitive with a solid offer. Contingencies are fairly typical in most residential markets. You are making it more complicated by avoiding a contingency. ...
by SanAntionetta
Sat Nov 09, 2019 4:47 pm
Forum: Personal Investments
Topic: HSA Question
Replies: 11
Views: 861

Re: 529 Question

Yes you can max out the $7000 family contribution with just you and your son. I do this with my daughter and my husband has his own individual plan because for whatever reason it ends up being $4K cheaper/year that way. I max out my HSA every year but I do have any medical expenses automatically pai...
by SanAntionetta
Sat Oct 05, 2019 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: What would you do? New to this stuff
Replies: 33
Views: 4530

Re: What would you do? New to this stuff

Also agree with paying off student loans! Great to do BEFORE you have kids. Don’t be like me and delay it until you are staring Dow the barrel of a $2500/mo daycare bill 😬
by SanAntionetta
Mon Aug 05, 2019 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Subrogation due to accident
Replies: 27
Views: 3541

Re: Subrogation due to accident

Many states have insurance regulations that specify how a total loss shall be calculated. If you check yours (I’m sure you could find them online) they might indicate how far comp vehicles can be for sale. For instance NH regulations state that comps must be in the local market area. 900 miles is no...
by SanAntionetta
Fri Jun 14, 2019 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Please help - Planning for Baby #2
Replies: 6
Views: 716

Re: Please help - Planning for Baby #2

When is the baby due? Take the $200 that you are saving for future baby’s education and deploy that towards debt. How old is the other child that you are saving for? - the $250 that you are putting into the 529. If you take both those amounts how long before the student loan is paid off? The baby i...
by SanAntionetta
Fri Jun 14, 2019 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Please help - Planning for Baby #2
Replies: 6
Views: 716

Re: Please help - Planning for Baby #2

Do you have multiple student loans or one consolidated one? If multiple please list the principal due and interest rate on each individual loan. If one loan, what is the interest rate? His aren’t consolidated because it didn’t seem worth it, mine were 3.5 years ago for a 5 year term because they we...
by SanAntionetta
Fri Jun 14, 2019 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Please help - Planning for Baby #2
Replies: 6
Views: 716

Re: Please help - Planning for Baby #2

What are your federal and state tax brackets? 24% federal / 6% state (CT) What are the interest rates on your student loans? 3.5% - 3.75% depending on the loan Spending: $7,500 (This includes auto payment $440 .... Student Loan balance: $17K .... Mid-Term Savings (3-5 years, includes replacing husb...
by SanAntionetta
Fri Jun 14, 2019 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Dental/Vision Insurance for Baby
Replies: 33
Views: 1779

Re: Dental/Vision Insurance for Baby

Our daughter is 2.5 and she is on my dental insurance. She goes in for exams every six months and they are going to start cleanings at 3. The dentist also helps us with strategies for brushing and diet. You have to treat cavities in primary teeth or they will form abcesses! My niece (6) has quite a ...
by SanAntionetta
Fri Jun 14, 2019 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Please help - Planning for Baby #2
Replies: 6
Views: 716

Please help - Planning for Baby #2

Hi Guys & Gals, It's been about a year since I posted and got some very good advice to accelerate our student loan payments, which we did although we still have some (down $22K!). Now life has changed again for our little family and I'm seeking advice on what to do as I'm a bit overwhelmed. Plea...
by SanAntionetta
Thu May 23, 2019 5:03 am
Forum: Personal Finance (Not Investing)
Topic: Should I pay off my student loans early?
Replies: 22
Views: 2449

Re: Should I pay off my student loans early?

Oh you are such a planner - :sharebeer If they are going to be paid off in six months at your current trajectory I would stay the course and keep your EF funded. I am in a similar situation (yay Earnest!) but maxing our my 401k and HSA has priority. The EF also gives you flexibility to pay it off at...
by SanAntionetta
Fri Mar 29, 2019 10:22 am
Forum: Personal Investments
Topic: HSA Investments
Replies: 8
Views: 956

Re: HSA Investments

In case your haven't seen it, here's the Bogleheads suggested order of prioritizing investments: https://www.bogleheads.org/wiki/Prioritizing_investments. Thanks! We both max out our 401K and have no high interest debt so that’s why we max the HSA (#3 on the list). Our ER fund is about $25K and we ...
by SanAntionetta
Thu Mar 28, 2019 8:00 pm
Forum: Personal Investments
Topic: HSA Investments
Replies: 8
Views: 956

Re: HSA Investments

I personally view my HSA investments in the context of my overall retirement portfolio (with the exception of the amount I keep liquid to cover 1 year deductible since I value that liquidity). So, I'm in 100% equities in my HSA. Yours might be different depending on asset allocation and asset locat...
by SanAntionetta
Thu Mar 28, 2019 7:58 pm
Forum: Personal Investments
Topic: HSA Investments
Replies: 8
Views: 956

Re: HSA Investments

Can you pay for your deductible amount each year out of pocket in addition to maximizing your HSA contribution? If so, then treat your HSA as a retirement account. I could technically, I will think about this appreciate the advice. We are still building up our ER and paying off student loans but fo...
by SanAntionetta
Thu Mar 28, 2019 8:21 am
Forum: Personal Investments
Topic: HSA Investments
Replies: 8
Views: 956

HSA Investments

Hello everyone - hope for some advice on this, I searched the forum and hasn’t seen this question before so looking for your help! I’ve had an HSA for the last year and have about $6800 in it so ready to start investing. We have a $3K deductible so keeping that amount in cash and transferred the rem...
by SanAntionetta
Sat Mar 23, 2019 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Do the wife and I have house fever? Want to buy 550k home
Replies: 35
Views: 4436

Re: Do the wife and I have house fever? Want to buy 550k home

Do you think your kids would rather have a big back yard or would they rather have you around more often and less tired so that you can play with them? +1 I have a 5 minute commute right now and it is heaven. being a working parent I want every second I can with my girl. Also are your taxes low? Ou...
by SanAntionetta
Fri Mar 15, 2019 9:11 am
Forum: Personal Consumer Issues
Topic: Teen got into auto accident, fight ticket or pay fine?
Replies: 79
Views: 5183

Re: Teen got into auto accident, fight ticket or pay fine?

In some jurisdictions paying the ticket is admissible as proof of negligence - sometimes injured parties do not present a claim for months or even years after the accident. To protect yourself I would confer with a local attorney or your insurance company before making your decision. Glad your son i...
by SanAntionetta
Sun Feb 10, 2019 3:58 pm
Forum: Personal Consumer Issues
Topic: How do YOU buy a car? (TrueCar, Costco, Carvana, etc)
Replies: 75
Views: 12853

Re: How do YOU buy a car? (TrueCar, Costco, Carvana, etc)

I did not want to negotiate OR go to a car dealership (I have a two year old) so I purchased a car from Carvana this summer and love it! I did not like the first one they dropped off but they let me drive it until they brought over a different one. The car fax they supplied showed all the oil change...
by SanAntionetta
Sun Jan 13, 2019 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Took on too much mortgage, seeking advice on where to put money going forward
Replies: 46
Views: 5721

Re: Took on too much mortgage, seeking advice on where to put money going forward

How much is your PMI? Ours is like $80/mo so my feeling is by the time we get to 20% equity taxes will have gone up enough so I don’t notice it (our taxes-insurance went up $50/mo this year ugh) No one knows what rates will be in five years. I think you should save the money instead of pay down the ...
by SanAntionetta
Thu Dec 20, 2018 1:51 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 3409
Views: 572273

Re: What are you up YTD? [Year To Date]

Our wiki can help with this: Calculating personal returns . RTFM, the fine manual is all one needs to know. Is Beardstown accounting in there? I’ve googled Beardstown accounting and nothing came up. I think will revisit my spreadsheet with the portfolio return calculations in the wiki. But for inst...