Search found 354 matches

by Thegame14
Thu Nov 15, 2018 4:04 pm
Forum: Investing - Help with Personal Investments
Topic: Rookie boglehead's first post -- please help with my 401k investment options
Replies: 16
Views: 1209

Re: Rookie boglehead's first post -- please help with my 401k investment options

You violate 3 Boglehead "prime directives": You drive forward looking in the rear view mirror. You complicate unnecessarily. You over-spend on portfolio costs unnecessarily. I usually choose 5 options in my 401K's, 20% in each, one bond fund, one international fund, one large cap, one small cap and...
by Thegame14
Thu Nov 15, 2018 3:00 pm
Forum: Investing - Help with Personal Investments
Topic: Rookie boglehead's first post -- please help with my 401k investment options
Replies: 16
Views: 1209

Re: Rookie boglehead's first post -- please help with my 401k investment options

I usually choose 5 options in my 401K's, 20% in each, one bond fund, one international fund, one large cap, one small cap and one growth, and most 401K's have a few funds in each cateogory, then in each of those categories, I look at NET return over the last 10 years, meaning return less fee, and th...
by Thegame14
Thu Nov 15, 2018 1:48 pm
Forum: Investing - Help with Personal Investments
Topic: In Grad school but work at a hotel which likely will be my career. Retirement?
Replies: 30
Views: 3303

Re: In Grad school but work at a hotel which likely will be my career. Retirement?

so sign up for 3% contribution to the 401K, and you get their 3% for an immediate 100% return on your 3% investment, worry about transferring It somewhere else if/when that times comes, don't pass up free money, even if it is not able to be a ROTH 401K, even if you did a ROTH 401K, the employer cont...
by Thegame14
Wed Nov 14, 2018 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Considering Quitting Job - Seeking Advice. Would you do it?
Replies: 157
Views: 13227

Re: Considering Quitting Job - Seeking Advice. Would you do it?

what happens if you tell your boss, that you are going to work 9-5 and will not be available during weekends.... Eventually they let you go, then do you keep your stock and pensions? Maybe let them get rid of you to keep the pension and stock and then look for another job, or already start looking f...
by Thegame14
Wed Nov 14, 2018 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Wait, do I need a prenup?
Replies: 63
Views: 6615

Re: Wait, do I need a prenup?

If you are that worried, 1) you prob shouldn't be getting married. 2) still have a document written up that states the date and the value of these assets and say if the two of you were to divorce, all assets acquired after this date will be split 50/50 but after a return of these values to their res...
by Thegame14
Tue Nov 13, 2018 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: Finances in NYC
Replies: 95
Views: 7801

Re: Finances in NYC

lots of events at MSG and Yankees games, you can use stubhub the day before and get GREAT deals on some events. Especially during the week. Billy Joel at MSG is a must, my friend has gotten tickets for like $25-$40 for seats during the week last minute. Yankees games upper deck tickets you can proba...
by Thegame14
Tue Nov 13, 2018 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: When to follow up after job interview
Replies: 18
Views: 1012

Re: When to follow up after job interview

if you followed up with a thank you, you are done. Nothing else to do but wait.
by Thegame14
Tue Nov 13, 2018 1:39 pm
Forum: Personal Consumer Issues
Topic: Feeling uneasy about recent splurge
Replies: 40
Views: 3959

Re: Feeling uneasy about recent splurge

I think that depending on the sleep situation, not only did you not splurge, you may have made a good investment. we hopefully sleep almost 1/3 of our lives. If buying a better/more expensive mattress helps you sleep more, you will be more productive and alert during the day and therefore should be ...
by Thegame14
Tue Nov 13, 2018 10:51 am
Forum: Investing - Help with Personal Investments
Topic: How much should Son and DIL put into Roth & Pre-tax 401k accounts...?
Replies: 21
Views: 1131

Re: How much should Son and DIL put into Roth & Pre-tax 401k accounts...?

they MUST do the 6% match at an absolute minimum!! After that, it should be 6 month emergency in cash (money market), then 20% house down payment as well in money market, then any additional income after expenses should go into a pre-tax Roth to save on taxes. Hard to tell Roth vs Pre-tax, who know ...
by Thegame14
Tue Nov 13, 2018 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Purchasing New Home - Down Payment 20 or 25%??
Replies: 19
Views: 1130

Re: Purchasing New Home - Down Payment 20 or 25%??

20% you will have lots of new expenses with a house, painting, furniture, maintenance, yard, sewer, gas, electric, water.... the bills just don't stop with a house.
by Thegame14
Tue Nov 13, 2018 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Salary vs Equity at a startup
Replies: 15
Views: 1456

Re: Salary vs Equity at a startup

ID stick to as much salary as possible I have worked at two failed startups, so equity is worthless in both cases I have been in.
by Thegame14
Mon Nov 12, 2018 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Finances in NYC
Replies: 95
Views: 7801

Re: Finances in NYC

I live in NJ about 15-20 miles outside NYC, it is an hour and 45 minutes each way minimum unless the company is literally in port authority. I would have to drive to a bus stop, 15 minutes, wait for a bus, then take a 45 minute -1 hour ride to get into the city, assuming no accidents, then walk 15 m...
by Thegame14
Mon Nov 12, 2018 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Rooftop solar panels cost per installed watt
Replies: 5
Views: 712

Re: Rooftop solar panels cost per installed watt

we have a 9.9kWh, system and we paid $33K GROSS, before the 30% credit, so after the credit it was about $24K.

I also used this website to get quotes and to use to negotiate

https://www.energysage.com
by Thegame14
Mon Nov 12, 2018 10:19 am
Forum: Investing - Help with Personal Investments
Topic: Save/Invest with Student Loans?
Replies: 13
Views: 1435

Re: Save/Invest with Student Loans?

you didn't post your income, current and if any major changes are coming. Future goals, plans for marriage/kids. Id say you are pretty much ok with your thought process. Many will say take the savings and pay off the debt, but then you have no emergency fund and no opportunity to buy a house. I wou...
by Thegame14
Fri Nov 09, 2018 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Debt Consolidation Loan
Replies: 11
Views: 691

Re: Debt Consolidation Loan

get your bonus of $45K, pay off the 10K loan, DONE!!!
by Thegame14
Fri Nov 09, 2018 12:20 pm
Forum: Investing - Help with Personal Investments
Topic: What can I do better?
Replies: 29
Views: 2225

Re: What can I do better?

does your company offer a child care FSA? That would allow you to put money into it pretax to pay for dependent care, ie daycare with pretax money. I wish my company had this, it would be a big savings... The money doesn't grow and if you don't use it you lose it, but It usually is only a few thousa...
by Thegame14
Fri Nov 09, 2018 11:46 am
Forum: Investing - Help with Personal Investments
Topic: Save/Invest with Student Loans?
Replies: 13
Views: 1435

Re: Save/Invest with Student Loans?

you didn't post your income, current and if any major changes are coming. Future goals, plans for marriage/kids. Id say you are pretty much ok with your thought process. Many will say take the savings and pay off the debt, but then you have no emergency fund and no opportunity to buy a house. I woul...
by Thegame14
Fri Nov 09, 2018 10:49 am
Forum: Personal Consumer Issues
Topic: Seeking Advice - Emergency Preparedness
Replies: 56
Views: 3308

Re: Seeking Advice - Emergency Preparedness

install a natural gas generator...... or get solar panels with a battery that can hold a charge for a few days. Thanks - I am leaning that way (generator). The solar panels plus batteries is much more expensive. The solar panels plus battery also have a federal 30% credit, and you will not have an ...
by Thegame14
Fri Nov 09, 2018 9:56 am
Forum: Personal Consumer Issues
Topic: Seeking Advice - Emergency Preparedness
Replies: 56
Views: 3308

Re: Seeking Advice - Emergency Preparedness

install a natural gas generator...... or get solar panels with a battery that can hold a charge for a few days. Thanks - I am leaning that way (generator). The solar panels plus batteries is much more expensive. The solar panels plus battery also have a federal 30% credit, and you will not have an ...
by Thegame14
Fri Nov 09, 2018 9:33 am
Forum: Personal Consumer Issues
Topic: Seeking Advice - Emergency Preparedness
Replies: 56
Views: 3308

Re: Seeking Advice - Emergency Preparedness

install a natural gas generator...... or get solar panels with a battery that can hold a charge for a few days.
by Thegame14
Fri Nov 09, 2018 9:31 am
Forum: Personal Consumer Issues
Topic: Career/Life Advice Needed - When to start a business?
Replies: 20
Views: 1445

Re: Career/Life Advice Needed - When to start a business?

it is only 3 years, so you should wait and get the security first, then you can start a business with more of a lifestyle/passion project instead of the need to put food on the table, and 3 years will go by quickly once you have an end goal in mind, plus take all your vacation time before you leave,...
by Thegame14
Fri Nov 09, 2018 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Chase points - what's the point of buying gift cards
Replies: 30
Views: 2596

Re: Chase points - what's the point of buying gift cards

each month they also have special categories which are 5% cash back, and each month some of the giftcards are 10-20% off. In those cases it is better than cash.
by Thegame14
Fri Nov 09, 2018 9:27 am
Forum: Investing - Help with Personal Investments
Topic: What can I do better?
Replies: 29
Views: 2225

Re: What can I do better?

With your income you should be maxing both His and Her 401ks at $18,500 for each ($19000 for 2019), His and Her Roth IRA, and the family HSA (which I believe is $7000). That is $55,000/year and they expire each year so you can’t go back and get those tax breaks. If you do that and add some taxable ...
by Thegame14
Fri Nov 09, 2018 9:26 am
Forum: Investing - Help with Personal Investments
Topic: What can I do better?
Replies: 29
Views: 2225

Re: What can I do better?

paying down the loans is a 100% sure thing 4.7% return, would improve your cash flow each month and remove debt which to most of us is a big burden. you bring home $350K in just salary, so that is like $250K after taxes, it should only take a few months to pay this off. Why have any debt when you m...
by Thegame14
Thu Nov 08, 2018 10:51 pm
Forum: Investing - Help with Personal Investments
Topic: What can I do better?
Replies: 29
Views: 2225

Re: What can I do better?

you can start by not buying a car that you need to take out a $60K loan for. what does that car do that a Toyota camry cant do? I don't care about 0-60 when you have to stop at the speed limit...... you earn combined about $450K per year, but have all of this various debt. That makes no sense at al...
by Thegame14
Thu Nov 08, 2018 10:23 pm
Forum: Investing - Help with Personal Investments
Topic: What can I do better?
Replies: 29
Views: 2225

Re: What can I do better?

you can start by not buying a car that you need to take out a $60K loan for. what does that car do that a Toyota camry cant do? I don't care about 0-60 when you have to stop at the speed limit...... you earn combined about $450K per year, but have all of this various debt. That makes no sense at all...
by Thegame14
Thu Nov 08, 2018 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited ~200k cash. 27-28y/o. Want to go to grad school/medical school. Want to invest in real estate right now.
Replies: 19
Views: 2399

Re: Inherited ~200k cash. 27-28y/o. Want to go to grad school/medical school. Want to invest in real estate right now.

sorry to be mean, but you have literally no idea what you want to do. You are not going to invest a small amount like 200K and become a real estate mogul, you will not get 10% return of free cash flow being a passive investor, ie not an active landlord. you want to go to grad school but have no idea...
by Thegame14
Thu Nov 08, 2018 3:36 pm
Forum: Personal Consumer Issues
Topic: tipping for grocery delivery
Replies: 53
Views: 4053

Re: tipping for grocery delivery

Tipping is out of control in this country +1, not only out of control it is now assumed to be at a ridiculous percentage AND for just poor to average service. It used to be 10% gratuity for GOOD service, now they assume 18-20% for poor to average service. And everywhere you go there is that little ...
by Thegame14
Wed Nov 07, 2018 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Max out 529?
Replies: 9
Views: 830

Re: Max out 529?

We will likely just take out the money not used in 529. I guess we can save for potential grad school, if that's in their plans. We can save for grandkids private school too. Are there any penalties to take money out of 529? What are tax implications? It is shocking that you have put that much mone...
by Thegame14
Wed Nov 07, 2018 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: 1/3 of Baby Boomers have no retirement savings...
Replies: 77
Views: 8160

Re: 1/3 of Baby Boomers have no retirement savings...

does it say how many of them have guaranteed pensions? They were kind of a big thing back then.....
by Thegame14
Wed Nov 07, 2018 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Pricing a car sale to a friend
Replies: 7
Views: 532

Re: Pricing a car sale to a friend

it probably lists on KBB for $3,000. Id sell it to him for $1,000 if you don't care about cash, but also don't want to make him feel like it is charity. Let him pay $100 a month for 10 months.
by Thegame14
Wed Nov 07, 2018 1:50 pm
Forum: Personal Consumer Issues
Topic: Christmas gift suggestions for 2.5 year old?
Replies: 20
Views: 933

Re: Christmas gift suggestions for 2.5 year old?

how about instead of them buying him stuff, they can pay for a train ride to see santa, or a trip to a theme park for kids like Seasame place, or whatever equivalent you have in your area. To me the best two gifts a grandparent can give are a contribution to a 529 or an experience that will have pic...
by Thegame14
Wed Nov 07, 2018 11:44 am
Forum: Personal Consumer Issues
Topic: How much to donate to local police and fire department?
Replies: 23
Views: 1779

Re: How much to donate to local police and fire department?

I donate more than enough to them with my $12,000 in property taxes with our 120 person police department having a $15M budget, which is insane!! So when they come around for donations, I give them $20 and they should be happy with that.
by Thegame14
Wed Nov 07, 2018 11:40 am
Forum: Personal Finance (Not Investing)
Topic: New job concerns
Replies: 52
Views: 5268

Re: New job concerns

maybe another issue, is the famous, you have to earn it. So maybe people who have been there a year can have flexibility, but not new guy off the street, who has to "prove him/her self" first, then you earn the flexibility. It isn't fair and I cant start the life isn't fair nonsense, but I have seen...
by Thegame14
Wed Nov 07, 2018 10:58 am
Forum: Personal Finance (Not Investing)
Topic: New job concerns
Replies: 52
Views: 5268

Re: New job concerns

this is all jobs, they will say whatever it takes to get you to take the job, once you accept it, you are stuck. They know likely you wont go back to prior employer as they are mad you are leaving and they know it looks bad to job hop so you are likely stuck there for a year. I would talk to manager...
by Thegame14
Wed Nov 07, 2018 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Baby Due in Februrary - High Deductible Plan or High Premium Plan
Replies: 13
Views: 678

Re: Baby Due in Februrary - High Deductible Plan or High Premium Plan

I'd recommend high premium, because regarding childbirth, a lot of things could potentially happen to mom or baby that can jack up costs quick. Even just something like a C-section. Ignore the deductible, with having a baby, and especially if there is potential for a C-section you will blow past th...
by Thegame14
Wed Nov 07, 2018 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Baby Due in Februrary - High Deductible Plan or High Premium Plan
Replies: 13
Views: 678

Re: Baby Due in Februrary - High Deductible Plan or High Premium Plan

Right so if plan A is monthly premium of $200 with OOP family max of $10K, then you assume your cost of insurance for next year, is $10K plus $2,400 for a total of $12,400 And Plan B is $500 a month with a OOP family max of 5K, then you assume your cost of insurance for next year is $5K plus $6,000 ...
by Thegame14
Wed Nov 07, 2018 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Baby Due in Februrary - High Deductible Plan or High Premium Plan
Replies: 13
Views: 678

Re: Baby Due in Februrary - High Deductible Plan or High Premium Plan

We are also due in FEbruary with baby #2, we are going to choose the insurance plan by looking at the monthly premium and assuming we will hit the Out of Pocket max for FAMILY coverage. They way I understand it and I could be wrong, but once baby is born, all of their treatments are separate from th...
by Thegame14
Wed Nov 07, 2018 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Growing into a house
Replies: 15
Views: 2281

Re: Growing into a house

I think it is better to get a little more house to grow into, than to buy a starter house and have the deal with the hassle of moving, trying to sell one house while negotiating another, kids changing schools, friends, etc....especially with interest rates still at historically low rates.
by Thegame14
Wed Nov 07, 2018 9:25 am
Forum: Personal Finance (Not Investing)
Topic: How much money did you receive from family? (Gifts/inheritance)
Replies: 46
Views: 4398

Re: How much money did you receive from family? (Gifts/inheritance)

my parents work for the govt and never made much money. Mom was SAHM, dad worked two jobs to make ends. the last few years both got big promotions which put them into six figures and increased their pensions quite a bit. They helped pay for college, gave us 10K towards our wedding, and from what I k...
by Thegame14
Tue Nov 06, 2018 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: What's the 'safest' decision?
Replies: 6
Views: 621

Re: What's the 'safest' decision?

not enough information, it seems like you are sayin gyou have an extra $1,500-$2K per month to do something with and you aren't sure if you should invest or pay off debt. What is your age? Emergency fund? retirement assets? married/single/kids? Assuming you have adequate emergency fund and are fully...
by Thegame14
Tue Nov 06, 2018 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: How much money are you leaving your kids after you die?
Replies: 234
Views: 14619

Re: How much money are you leaving your kids after you die?

I am still young and have lots of time, but right now about $1M in assets, mostly Real Estate(vacation house I am inheriting, and my own home equity) and 401K, but it all goes to plan, we should have $3-5M in assets when we retire. My "plan" is to start my own accounting business as a retirement tra...
by Thegame14
Mon Nov 05, 2018 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: Income in retirement?
Replies: 14
Views: 1938

Re: Income in retirement?

most people here advocate the three fund portfolio or a target date fund and then adjust their risk tolerance by adjusting their asset allocation and then you withdraw money as needed, with a general rule of thumb to no withdraw more then 3.5-4% each year.
by Thegame14
Mon Nov 05, 2018 4:39 pm
Forum: Personal Consumer Issues
Topic: Furnace Duct Cleaning-a high profit game?
Replies: 31
Views: 3366

Re: Furnace Duct Cleaning-a high profit game?

I feel like everything these days is high profit, $10 a pound for lunch meat, $125 an hour for a mechanic, dinner at non fast food $20 with drink and tax and tip, everything at whole foods, plumber charged me $175 per hour, electrician $100 per hour, lawn care $40 per week, pest protection $65 a mon...
by Thegame14
Mon Nov 05, 2018 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Checkup: Post-Wedding Pre-Children
Replies: 7
Views: 1181

Re: Financial Checkup: Post-Wedding Pre-Children

1) eliminate those loans 2) you should start a cash account in a money market for a 20-25% down payment for a house now. 20% for house, a little more for furniture, painting, maintenance, etc. 3) you don't want to be house poor, but moving sucks, so plan for a house to fit your needs long term, whil...
by Thegame14
Mon Nov 05, 2018 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Should I pick a low deductible health plan for a baby on the way?
Replies: 1
Views: 201

Re: Should I pick a low deductible health plan for a baby on the way?

shouldn't you assume the OOP max for having a baby? We are assuming having a baby will max out the family OOP max for the year.

You are paying $260 more per month times 12 equals $3,120 to save $6,250 in out of pocket max, so I would assume #1 is better
by Thegame14
Thu Nov 01, 2018 3:39 pm
Forum: Personal Consumer Issues
Topic: Fine Dining Cape Cod
Replies: 14
Views: 1215

Re: Fine Dining Cape Cod

Italian food - Mezza -Luna in Buzzards Bay
Mexican Food - Casa Vallarta - East Falmouth.

But we don't like to spend a lot on food, so these might be a little underwhelming if you are used to a higher price point.

Chatham Wine Bar and Restaurant gets great reviews....
by Thegame14
Thu Nov 01, 2018 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card Debt for Grandma
Replies: 32
Views: 1731

Re: Credit Card Debt for Grandma

if she has assets like a paid off condo, wouldn't the credit card company come after her estate to collect on what is owed?? So in that sense Mom ir other heirs are "on the hook" for this debt, It makes no sense then to allow older people to have credit it their estate doesn't have to pay any debts...
by Thegame14
Wed Oct 31, 2018 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Debt for Grandma
Replies: 32
Views: 1731

Re: Credit Card Debt for Grandma

if she has assets like a paid off condo, wouldn't the credit card company come after her estate to collect on what is owed?? So in that sense Mom ir other heirs are "on the hook" for this debt, It makes no sense then to allow older people to have credit it their estate doesn't have to pay any debts...