Search found 2822 matches

by Triple digit golfer
Tue Dec 12, 2017 7:35 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford to live on one income?
Replies: 50
Views: 3324

Re: Can we afford to live on one income?

Thank you all for your great replies, personal stories, and recommendations and suggestions. I like the idea of the mortgage recast. I think it would help me sleep better at night, even though if I don't recast I simply have that money sitting in a taxable account. Just the thought of having say, $2...
by Triple digit golfer
Sun Dec 10, 2017 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford to live on one income?
Replies: 50
Views: 3324

Re: Can we afford to live on one income?

By the time you account for daycare expenses and taxes, in your situation your wife would probably be netting about $2/hour if she goes back to work. There might be reasons to do it (personal, career, etc), but I don't think the finances are a big factor. If incomes were more even, it would be a la...
by Triple digit golfer
Sun Dec 10, 2017 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford to live on one income?
Replies: 50
Views: 3324

Re: Can we afford to live on one income?

Yes you can do it. It looks like there are some areas to reduce expenses if you are willing to do so. How much would you be paying for child care? I don't see that mentioned anywhere in the post and that's a major part of the financial decision. What are your prospects for pay raises over the next ...
by Triple digit golfer
Sun Dec 10, 2017 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford to live on one income?
Replies: 50
Views: 3324

Can we afford to live on one income?

My wife is on maternity leave and we would strongly like her to be able to not go back, quit her job and stay home with our baby. Here is our situation: Age: Both 32 My income: $127k Her income: $53k Total income: $180k Debt: $337k, 29 years left on 30 year, 3.50% fixed mortgage No other debt Own tw...
by Triple digit golfer
Thu Nov 30, 2017 11:54 am
Forum: Forum Issues and Administration
Topic: Private messages in Outbox
Replies: 4
Views: 491

Re: Private messages in Outbox

Thank you all!
by Triple digit golfer
Thu Nov 30, 2017 8:44 am
Forum: Forum Issues and Administration
Topic: Private messages in Outbox
Replies: 4
Views: 491

Private messages in Outbox

I composed and "sent" a private message yesterday and this morning it is still in my outbox. This lengthy delay is the norm. How long should it take for PM's to be sent to the recipient?
by Triple digit golfer
Tue Nov 28, 2017 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Job interviewing - "do you have any other interviews or leads?"
Replies: 35
Views: 4169

Re: Job interviewing - "do you have any other interviews or leads?"

Update: The HR Director at the company called me this morning and told me that of the 3 they ultimately chose for in-person interviews, one withdrew her candidacy, one was not a good fit, and I am the other. The "feedback was very positive all around," but the hiring manager wants to interview a few...
by Triple digit golfer
Sat Nov 25, 2017 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Job interviewing - "do you have any other interviews or leads?"
Replies: 35
Views: 4169

Re: Job interviewing - "do you have any other interviews or leads?"

I ultimately e-mailed back and told them that I am in the interview process with a couple of other companies, but that they are my first choice and that I'd love the opportunity to come work for them because I love the company and culture, blah blah blah. He replied back in minutes saying that he's ...
by Triple digit golfer
Wed Nov 22, 2017 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Job interviewing - "do you have any other interviews or leads?"
Replies: 35
Views: 4169

Re: Job interviewing - "do you have any other interviews or leads?"

agree with the previous... this is the time to tell them you are very interested but also have other interviews scheduled during this time frame I agree with this approach as well. After all, that's essentially what they are telling you. So why not respond with something similar to what they said t...
by Triple digit golfer
Wed Nov 22, 2017 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Job interviewing - "do you have any other interviews or leads?"
Replies: 35
Views: 4169

Job interviewing - "do you have any other interviews or leads?"

I have been on three job interviews since I began my search a couple weeks ago, and I have two second interviews scheduled next week. The HR Director of the third company, which is my favorite company of the bunch by far, said via e-mail today that feedback was very positive all around and that they...
by Triple digit golfer
Thu Nov 02, 2017 12:22 pm
Forum: Personal Consumer Issues
Topic: Job search techniques and etiquette
Replies: 5
Views: 457

Job search techniques and etiquette

Hi all, I am an accountant in the Chicago area looking for a new role (Controller, Director of Accounting, or similar). I am working with a few recruiters, but they move slowly and will typically only submit you for one position at a time. Sometimes it takes weeks. I could go with the approach of us...
by Triple digit golfer
Tue Oct 31, 2017 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: New baby and considering going to one income
Replies: 28
Views: 2548

Re: New baby and considering going to one income

We both also max out Roth IRAs, so the total retirement contributions will be 12.6% of income, and 14.6% including my company match. We already have a net worth of $650,000 including $390k in tax deferred or tax free accounts, $198k in taxable, and the rest in home equity. Therefore, I am not overl...
by Triple digit golfer
Tue Oct 31, 2017 7:20 am
Forum: Personal Finance (Not Investing)
Topic: New baby and considering going to one income
Replies: 28
Views: 2548

Re: New baby and considering going to one income

Thank you all for your comments and personal stories. I would love to one day be able to tell people that we did what was absolutely best for our daughter and that my wife stayed home with her. I just look at her little face and I can't imagine sending her to somebody else to care for her for 9 hour...
by Triple digit golfer
Mon Oct 30, 2017 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: New baby and considering going to one income
Replies: 28
Views: 2548

Re: New baby and considering going to one income

Try the TaxCaster app. It will give you a good estimate of your federal (although not state) income taxes. And you can play around with the inputs to see the net effect of increasing/decreasing your 401(k) contributions. Also, I think you may have missed the withholding for Social Security and Medi...
by Triple digit golfer
Mon Oct 30, 2017 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: New baby and considering going to one income
Replies: 28
Views: 2548

Re: New baby and considering going to one income

Try the TaxCaster app. It will give you a good estimate of your federal (although not state) income taxes. And you can play around with the inputs to see the net effect of increasing/decreasing your 401(k) contributions. Also, I think you may have missed the withholding for Social Security and Medi...
by Triple digit golfer
Mon Oct 30, 2017 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: New baby and considering going to one income
Replies: 28
Views: 2548

Re: New baby and considering going to one income

student wrote:
Mon Oct 30, 2017 3:54 pm
The math seems good. Can you try it for 6 months and see whether you can live on your salary without while maintaining similar lifestyle?
Probably a good idea. My wife is supposed to go back to work January 22. So we have a good 2.5 months to try it out, at least.
by Triple digit golfer
Mon Oct 30, 2017 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: New baby and considering going to one income
Replies: 28
Views: 2548

Re: New baby and considering going to one income

Try the TaxCaster app. It will give you a good estimate of your federal (although not state) income taxes. And you can play around with the inputs to see the net effect of increasing/decreasing your 401(k) contributions. Also, I think you may have missed the withholding for Social Security and Medi...
by Triple digit golfer
Mon Oct 30, 2017 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: New baby and considering going to one income
Replies: 28
Views: 2548

Re: New baby and considering going to one income

The math looks good except you didn't figure the state income tax in your final numbers. If the stay-at-home is temporary then I think money is only one factor in the decision. But remember there might be more kids, so a longer stay-at-home period, and depending on the type of work it might be diff...
by Triple digit golfer
Mon Oct 30, 2017 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: New baby and considering going to one income
Replies: 28
Views: 2548

Re: New baby and considering going to one income

We both also max out Roth IRAs, so the total retirement contributions will be 12.6% of income, and 14.6% including my company match. We already have a net worth of $650,000 including $390k in tax deferred or tax free accounts, $198k in taxable, and the rest in home equity. Therefore, I am not overly...
by Triple digit golfer
Mon Oct 30, 2017 10:28 am
Forum: Personal Finance (Not Investing)
Topic: New baby and considering going to one income
Replies: 28
Views: 2548

New baby and considering going to one income

Hi all, My wife and I have a one month old baby and we are considering having her stay home with the baby. It will be a much tighter budget with far less savings, so I am trying to determine what our take-home pay would be. Essentially I am trying to run down a 1040 and see what the tax calculation ...
by Triple digit golfer
Fri Oct 27, 2017 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Account for child's money
Replies: 17
Views: 992

Re: Account for child's money

Can UGMA/UTMA money be withdrawn before the child reaches the age of maturity? Let's say my daughter wants to buy a $5,000 car when she's 16 and wants to use money in the account. Absolutely. It's got to be for the benefit of the child and not basic needs that guardians are required to provide. I'v...
by Triple digit golfer
Fri Oct 27, 2017 3:19 pm
Forum: Investing - Help with Personal Investments
Topic: Allocation Help
Replies: 8
Views: 565

Re: Allocation Help

See this article: https://www.bogleheads.org/wiki/Approximating_total_stock_market Roughly 82% 500 index and 18% small cap index will equal total stock market. Or 81% 500 index, 4% mid cap index, 15% small cap index. So if you want 75% U.S. equity (total market equivalent), 20% international equity,...
by Triple digit golfer
Fri Oct 27, 2017 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Account for child's money
Replies: 17
Views: 992

Re: Account for child's money

Can UGMA/UTMA money be withdrawn before the child reaches the age of maturity? Let's say my daughter wants to buy a $5,000 car when she's 16 and wants to use money in the account.
by Triple digit golfer
Fri Oct 27, 2017 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Account for child's money
Replies: 17
Views: 992

Re: Account for child's money

Thanks for your answers. My child is just three weeks old, a little peanut with many years for her money to hopefully grow. Triple digit golfer, I choose LifeStrategy Growth Fund (80/20) for my kids. They would not be spending this money for a very long time. KlangFool Are you concerned with tax im...
by Triple digit golfer
Fri Oct 27, 2017 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Account for child's money
Replies: 17
Views: 992

Re: Account for child's money

Thanks for your answers.

My child is just three weeks old, a little peanut with many years for her money to hopefully grow.
by Triple digit golfer
Fri Oct 27, 2017 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Account for child's money
Replies: 17
Views: 992

Account for child's money

Hi all. I would like a place to invest money for my child. This would not be college money, but just a separate place where we can invest money that people give to her as gifts, etc. I would like to invest it in a balanced fund or something equivalent. 60/40 or thereabout. The idea is that when she'...
by Triple digit golfer
Mon Oct 23, 2017 11:10 am
Forum: Investing - Theory, News & General
Topic: Emergency Fund Allocation Nuance
Replies: 8
Views: 621

Re: Emergency Fund Allocation Nuance

The true answer is that it doesn't really matter. The important thing is to have an adequate emergency plan . Before I had any significant assets built up, I considered my savings account my emergency fund and did not include it in my AA. Now that my wife and I have around a $600k net worth, we simp...
by Triple digit golfer
Mon Oct 23, 2017 10:36 am
Forum: Investing - Help with Personal Investments
Topic: Where to place extra cash on hand
Replies: 8
Views: 1007

Re: Where to place extra cash on hand

Congratulations on your first child :) . Here is our (good to have) problem: My wife and I just had our first child earlier this month. The way our budget is set up, we will be maxing 401(k) and Roth IRA contributions for both of us, but in the process of doing that, slowly dwindle down our taxable...
by Triple digit golfer
Mon Oct 23, 2017 9:30 am
Forum: Investing - Help with Personal Investments
Topic: Where to place extra cash on hand
Replies: 8
Views: 1007

Re: Where to place extra cash on hand

I feel like you are asking several questions here. #1 you have cash and don't want to have cash. Should you buy bonds or stocks? I say buy both, maintaining your overall desired asset allocation (assuming it's currently where you want it). I have cash on hand and want to buy bonds. I am happy with ...
by Triple digit golfer
Sat Oct 21, 2017 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: Where to place extra cash on hand
Replies: 8
Views: 1007

Re: Where to place extra cash on hand

Thank you!

Any other opinions?
by Triple digit golfer
Sat Oct 21, 2017 9:09 am
Forum: Investing - Help with Personal Investments
Topic: Where to place extra cash on hand
Replies: 8
Views: 1007

Where to place extra cash on hand

Here is our (good to have) problem: My wife and I just had our first child earlier this month. The way our budget is set up, we will be maxing 401(k) and Roth IRA contributions for both of us, but in the process of doing that, slowly dwindle down our taxable accounts by around $700 per month. Curren...
by Triple digit golfer
Thu Oct 19, 2017 3:48 pm
Forum: Investing - Help with Personal Investments
Topic: Reducing cash in favor of bonds
Replies: 3
Views: 661

Re: Reducing cash in favor of bonds

jebmke wrote:
Thu Oct 19, 2017 3:46 pm
I would do #2; then you'd have a $50K lot to TLH when the next drop occurs.
I was just editing my post to mention that. Thanks.

Are there any compelling reasons to do #1 instead?
by Triple digit golfer
Thu Oct 19, 2017 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: Reducing cash in favor of bonds
Replies: 3
Views: 661

Reducing cash in favor of bonds

Hi all, I would like to reduce my cash exposure and increase bond exposure. I'm at around 75/10/15 stocks/bonds/cash and would like to be at 75/20/5. This would be approximately a $60,000 exchange. My wife and I are in the 25% tax bracket. Which would make more sense: A) Buy $60,000 of Vanguard Inte...
by Triple digit golfer
Fri Sep 22, 2017 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Any holes in this long term disability policy?
Replies: 10
Views: 728

Re: Any holes in this long term disability policy?

The benefit does not include an estimated SSDI benefit. It isn't even mentioned in the quote. They break it down as follows: Current monthly income: $10,583 Estimated group benefit after tax: $4,763 Proposed DI benefit: $3,400 Proposed catstrophic benefit: $2,420 I would like to possibly cancel my ...
by Triple digit golfer
Thu Sep 21, 2017 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: Any holes in this long term disability policy?
Replies: 10
Views: 728

Re: Any holes in this long term disability policy?

The benefit does not include an estimated SSDI benefit. It isn't even mentioned in the quote. They break it down as follows: Current monthly income: $10,583 Estimated group benefit after tax: $4,763 Proposed DI benefit: $3,400 Proposed catstrophic benefit: $2,420 I would like to possibly cancel my g...
by Triple digit golfer
Thu Sep 21, 2017 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Any holes in this long term disability policy?
Replies: 10
Views: 728

Re: Any holes in this long term disability policy?

If this is "in addition to your current group policy", what happens if you change jobs (or lose your job)? What about if your group policy goes through the 24 months, and then has lesser coverage? What does your individual policy do? Good luck, and it's all good to be thinking about it at this time...
by Triple digit golfer
Thu Sep 21, 2017 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Any holes in this long term disability policy?
Replies: 10
Views: 728

Any holes in this long term disability policy?

Hi all. I am 32 years old with a $127k annual income and a wife with our first baby due in two weeks. I have group LT disability with my employer, but only up to about 47% of my gross income (my gross income is $10,600 monthly), plus it's pre-tax so the after tax benefit is probably more like 40% of...
by Triple digit golfer
Tue Sep 19, 2017 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Short term disability insurance
Replies: 19
Views: 969

Re: Short term disability insurance

Thanks all. Another question on disability: Generally the maximum is 60% of income. Can I have two separate policies, both at 60% of income, thereby getting 120% if I'm disabled? Just a theory question, not something I would consider. If I have two separate policies and I become disabled, would the...
by Triple digit golfer
Mon Sep 18, 2017 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Short term disability insurance
Replies: 19
Views: 969

Re: Short term disability insurance

Thanks all. Another question on disability: Generally the maximum is 60% of income. Can I have two separate policies, both at 60% of income, thereby getting 120% if I'm disabled? Just a theory question, not something I would consider. If I have two separate policies and I become disabled, would they...
by Triple digit golfer
Mon Sep 18, 2017 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Short term disability insurance
Replies: 19
Views: 969

Re: Short term disability insurance

Most (quality) companies offers STD and LTD paid for. Maybe not generous but what I have seen is about a year at some portion of pay. You don't have enough money to self insure completely (you can't live on SWR of 500k) but you have enough to make the decision to skip the 1/20th insurance premium. ...
by Triple digit golfer
Mon Sep 18, 2017 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Short term disability insurance
Replies: 19
Views: 969

Re: Short term disability insurance

I have a follow-up question related to disability. Is disability income taxable? On H&R Block's website I found this: •Disability income from a disability-insurance policy is taxable depending on how the premiums were paid: You can exclude income from long-term or short-term disability benefits from...
by Triple digit golfer
Mon Sep 18, 2017 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Short term disability insurance
Replies: 19
Views: 969

Short term disability insurance

I was at lunch today with my company's CFO (my boss) and HR director. The topic of short term disability came up and both said how it is a must have and our HR manager "can't believe so many people around here don't have it." In hindsight something I shouldn't have done, but I chimed in and said tha...
by Triple digit golfer
Fri Sep 15, 2017 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 51709

Re: Equifax customer information leak

All, I don't know if this has been addressed yet, but earlier today, I was just about done freezing my credit on Equifax website when it timed out. I tried again tonight and once I got in, the only options I had was to temporarily or permanently remove the freeze. This means, I think, that my credit...
by Triple digit golfer
Fri Sep 15, 2017 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax question - credit monitoring
Replies: 3
Views: 437

Equifax question - credit monitoring

Hi all, I wanted to sign up for credit karma free credit monitoring, but unfortunately I did not attempt to do so until AFTER I had frozen my credit with TransUnion and Experian. I have not been able to get through with Equifax but will be freezing with them too. I did sign up with Equifax for their...
by Triple digit golfer
Tue Aug 22, 2017 5:40 pm
Forum: Personal Consumer Issues
Topic: Weightlifting Equipment for Home Gym
Replies: 54
Views: 5453

Re: Weightlifting Equipment for Home Gym

I have done variations of Starting Strength and Stronglifts style workouts. The basic A-B-A, B-A-B 3 day per week full body routine, 3 exercises per day. I have this and have been using it regularly (for the most part) for the better part of 5 years and it is awesome. https://www.amazon.com/Powerlin...
by Triple digit golfer
Tue Aug 22, 2017 11:47 am
Forum: Personal Consumer Issues
Topic: I'm Giving Up Golf
Replies: 57
Views: 12597

Re: I'm Giving Up Golf

I bet you could still kick my ass.

(Actually, I'm not THAT bad anymore - I regularly shoot 45-50 for nine holes on a par 36).
by Triple digit golfer
Tue Aug 22, 2017 10:11 am
Forum: Personal Consumer Issues
Topic: Safe car for wife and baby
Replies: 97
Views: 6457

Re: Safe car for wife and baby

I should note that neither my wife or I really WANT a new car - we're both very happy with her driving the Civic. Literally the ONLY reason we're even thinking about this is safety. And she's not even concerned, it's all me and my constant worrying. She says she feels safe in and loves driving the ...
by Triple digit golfer
Tue Aug 22, 2017 9:30 am
Forum: Personal Consumer Issues
Topic: Safe car for wife and baby
Replies: 97
Views: 6457

Re: Safe car for wife and baby

Wow, 54 replies. I read every one of them. I don't know that we really have a specific budget, but we can certainly afford a vehicle - we have two cars, a 2013 Accord and a 2016 Civic that we own outright. Net worth $600k. Only debt is the mortgage. Given that her commute is 36 miles each way and ha...
by Triple digit golfer
Sun Aug 20, 2017 12:32 pm
Forum: Personal Consumer Issues
Topic: Safe car for wife and baby
Replies: 97
Views: 6457

Safe car for wife and baby

My wife is due to have our first child in about six weeks. She drives a 2016 Honda Civic, which was highly ranked by the NHTSA and IIHS. It was a 5 star and Top Safety Pick. However, common sense (or maybe not) tells me that a larger car like an SUV or a larger sedan would probably be safer in the e...