Search found 2440 matches

by Meg77
Wed Feb 13, 2019 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Newlyweds and joint accounts for household expenses
Replies: 120
Views: 5502

Re: Newlyweds and joint accounts for household expenses

OP here. I appreciate all the responses. I think having a mix of separate and joint accounts is the right fit for us. What I had envisioned doing was we'd each still have our income direct deposited in our separate accounts and then biweekly or monthly we'd each contribute to the joint account acco...
by Meg77
Wed Feb 13, 2019 1:48 pm
Forum: Investing - Theory, News & General
Topic: How do I respond to this advisor?
Replies: 30
Views: 3658

Re: How do I respond to this advisor?

As far as feedback, he or she may be looking for more general criticism or suggestions regarding venue, tone, length of presentation, and value proposition. Picking apart the specific fund and asset allocations that they MAY recommend in some individual circumstances is probably a waste of your time...
by Meg77
Tue Feb 12, 2019 5:57 pm
Forum: Personal Consumer Issues
Topic: Best ways to provide STRUCTURE to retired life
Replies: 71
Views: 5353

Re: Best ways to provide STRUCTURE to retired life

How do you bring your dog in the grocery store? Is HEB or Randall’s pet friendly? My dog will sit/lie patiently outside leashed to a bike rack or other permanent small structure. Many people know him. I have wanted to do this for some time now but scared my dogs will get stolen. Don’t you have that...
by Meg77
Tue Jan 29, 2019 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 162
Views: 21535

Re: Millionaire by 40 and How you Did it?

Factors positively correlated with millionaire status: 1. Get college degree 2. Start business or enter professional career field 3. Commit years to building said business or career 4. Get married - and avoid divorce 5. Make building wealth a goal and a priority 6. Minimize monthly fixed expenses (i...
by Meg77
Tue Jan 29, 2019 4:24 pm
Forum: Personal Investments
Topic: Portfolio feedback requested - mid-30s, 80/20, DFA factor tilt
Replies: 6
Views: 529

Re: Portfolio feedback requested - mid-30s, 80/20, DFA factor tilt

Thanks for the feedback. I currently have my REIT allocation in "her 401k" and am using Roth space to add emerging markets to reach my desired allocation. I believe EM to have higher expected return so would folks agree this is the appropriate approach? The suggestion of holding VASGX in "her 401k"...
by Meg77
Tue Jan 29, 2019 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Balancing Investing & Life
Replies: 23
Views: 1427

Re: Balancing Investing & Life

My thoughts have really started to wander as of late and I now want to take 2-3 really nice family vacations a year which would require me probably to decrease my retirement investments from 17%-10%. Its a tough call but one day I wonder as I lay on my death bed if I should of enjoyed more time wit...
by Meg77
Tue Jan 29, 2019 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Balancing Investing & Life
Replies: 23
Views: 1427

Re: Balancing Investing & Life

My thoughts have really started to wander as of late and I now want to take 2-3 really nice family vacations a year which would require me probably to decrease my retirement investments from 17%-10%. Its a tough call but one day I wonder as I lay on my death bed if I should of enjoyed more time wit...
by Meg77
Tue Jan 29, 2019 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: What Percentage of Your Pre-Retirement Income are You Projecting You Will Need?
Replies: 108
Views: 7056

Re: What Percentage of Your Pre-Retirement Income are You Projecting You Will Need?

Are you projecting that your expenses will stay the same, go down or up? Mine will (should) go down significantly (I think). I am asking those who may have some wisdom of unexpected costs or unexpected savings. There is a lot of recent retirement research on this topic. For retirees who spend $100,...
by Meg77
Tue Jan 29, 2019 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Getting out of student loan debt
Replies: 13
Views: 1358

Re: Getting out of student loan debt

Your rates are almost all exactly the same. 4.95% and 5.16% are barely any different mathematically. The conventional wisdom is actually to start with the smallest balance and pay those off first, not the highest interest rate. Dave Ramsey popularized this method, but various studies have concluded ...
by Meg77
Tue Jan 29, 2019 3:28 pm
Forum: Investing - Theory, News & General
Topic: For young investors not yet seen a bear market or recession. How do you truly know your risk tolerance and plan for it?
Replies: 103
Views: 6310

Re: For young investors not yet seen a bear market or recession. How do you truly know your risk tolerance and plan for

Thanks for all the advice everyone. I must say what I fear most is how I might react if our income stream were in jeopardy at the same time the market tanks. Just not sure how one can prepare their portfolio for that, but still not sacrifice missed returns (by being too conservative) while still yo...
by Meg77
Fri Jan 25, 2019 4:58 pm
Forum: Personal Investments
Topic: Transferred Edward Jones funds to Vanguard , should I exchange them for Vanguard funds ?
Replies: 33
Views: 2145

Re: Transferred Edward Jones funds to Vanguard , should I exchange them for Vanguard funds ?

I manage my mother's retirement portfolio now, and my first step was to roll her portfolio from Edward Jones to Vanguard last February. However, I didn't a couldn't in good conscience just dump all her old funds and buy new Vanguard funds. For one thing, she had held most of her funds and individua...
by Meg77
Fri Jan 25, 2019 4:46 pm
Forum: Personal Investments
Topic: Helping Kids with Home Purchase
Replies: 70
Views: 4905

Re: Helping Kids with Home Purchase

Banker here. What you're willing to do is admirable - and not unusual - but from what you say it is likely unnecessary. Borrowers can qualify on their own for a mortgage where all their debt payments add up to more than 40% of their GROSS income. That means over half their take home pay even if they...
by Meg77
Thu Jan 24, 2019 6:13 pm
Forum: Personal Investments
Topic: Transferred Edward Jones funds to Vanguard , should I exchange them for Vanguard funds ?
Replies: 33
Views: 2145

Re: Transferred Edward Jones funds to Vanguard , should I exchange them for Vanguard funds ?

I manage my mother's retirement portfolio now, and my first step was to roll her portfolio from Edward Jones to Vanguard last February. However, I didn't a couldn't in good conscience just dump all her old funds and buy new Vanguard funds. For one thing, she had held most of her funds and individual...
by Meg77
Thu Jan 24, 2019 11:49 am
Forum: Personal Consumer Issues
Topic: Negotiating a part-time schedule for a career that is typically full-time?
Replies: 22
Views: 815

Re: Negotiating a part-time schedule for a career that is typically full-time?

Unfortunately I think you're probably out of luck. What you're seeking is the holy grail. Pretty much everyone - moms, dads, older people nearing or in retirement age, younger people who want to see the world - would love to work part time if they could also stay on their career path and be paid wel...
by Meg77
Fri Jan 11, 2019 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Getting a Mortgage when You can Pay Cash for a House
Replies: 162
Views: 8884

Re: Getting a Mortgage when You can Pay Cash for a House

As a banker who does a lot of mortgages, I advise most people in this situation (who are usually in their 50s or older) to pay cash for the house and/or to pay off their mortgages if they have the cash, especially if they are at or near retirement age or have obtained financial freedom (in other wor...
by Meg77
Thu Jan 10, 2019 2:07 pm
Forum: Investing - Theory, News & General
Topic: Should I take $70K LTCG at 0% tax rate or transfer $70K from IRA to Roth @ 12%?
Replies: 21
Views: 1597

Re: Should I take $70K LTCG at 0% tax rate or transfer $70K from IRA to Roth @ 12%?

It's unclear how much you spend, but it sounds like you don't need any IRA distributions to live off. If you leave the IRA alone and it grows at 5% a year for 9 years, you'll have around $1.55MM when you are 70.5 and have to start taking RMDs. Based on today's calculators, that means your RMD will ...
by Meg77
Thu Jan 10, 2019 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Home Addition Financing
Replies: 16
Views: 1211

Re: Home Addition Financing

Banker here. Just get a home improvement loan! They are like a hybrid of a home equity and a construction loan. You don't have to roll it into your mortgage at the end of the construction - it can just remain a fully amortizing second lien. A lot of lenders won't do them if they don't also hold the...
by Meg77
Tue Jan 08, 2019 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Home Addition Financing
Replies: 16
Views: 1211

Re: Home Addition Financing

Banker here. Just get a home improvement loan! They are like a hybrid of a home equity and a construction loan. You don't have to roll it into your mortgage at the end of the construction - it can just remain a fully amortizing second lien. A lot of lenders won't do them if they don't also hold the ...
by Meg77
Tue Jan 08, 2019 4:55 pm
Forum: Personal Consumer Issues
Topic: Recommendations for a 9mm handgun
Replies: 171
Views: 12819

Re: Recommendations for a 9mm handgun

[OT comment removed - moderator prudent] My brother is a police officer and they use sig sauer .40 cals. Not sure of the model but my small wife who had never shot a gun was able to fire it pretty comfortably after a short learning curve. He has another sig .40 cal for concealed carry of a differen...
by Meg77
Tue Jan 08, 2019 4:24 pm
Forum: Personal Consumer Issues
Topic: Which Compact SUV Should I Buy?
Replies: 211
Views: 12956

Re: Which Compact SUV Should I Buy?

I happen to be very much a "car guy" but don't place any value on status. I will be replacing my 2007 Subaru Outback next fall. The two cars on the top of my list were the Volvo XC-60 T-5 Inscription and the BMW X-3. However that all changed when Mazda announced recently that the CX-5 in Signature ...
by Meg77
Tue Jan 08, 2019 4:11 pm
Forum: Personal Consumer Issues
Topic: Which Compact SUV Should I Buy?
Replies: 211
Views: 12956

Re: Which Compact SUV Should I Buy?

Meg, After reading through three pages of postings I'd have to say that the very first reply you got was just about the best. Car manufacturers do a major model upgrade about every 5-8 years. It just so happens that Volvo did its most recent redesign in 2018, and they absolutely hit the ball out of...
by Meg77
Tue Jan 08, 2019 3:46 pm
Forum: Investing - Theory, News & General
Topic: Should I take $70K LTCG at 0% tax rate or transfer $70K from IRA to Roth @ 12%?
Replies: 21
Views: 1597

Re: Should I take $70K LTCG at 0% tax rate or transfer $70K from IRA to Roth @ 12%?

It's unclear how much you spend, but it sounds like you don't need any IRA distributions to live off. If you leave the IRA alone and it grows at 5% a year for 9 years, you'll have around $1.55MM when you are 70.5 and have to start taking RMDs. Based on today's calculators, that means your RMD will b...
by Meg77
Sat Jan 05, 2019 4:01 pm
Forum: Personal Consumer Issues
Topic: Which Compact SUV Should I Buy?
Replies: 211
Views: 12956

Re: Which Compact SUV Should I Buy?

Toyota RAV4 has all the safety features nowadays of Volvo, Subaru, et al. But you would be making a statement with the RAV4. The bumper sticker on my RAV4 makes the following statement: https://goo.gl/images/CvtfCY Lol :D And what a statement it is. LOL! Is this real? I've never had a bumper sticke...
by Meg77
Fri Jan 04, 2019 3:09 pm
Forum: Personal Consumer Issues
Topic: Which Compact SUV Should I Buy?
Replies: 211
Views: 12956

Re: Which Compact SUV Should I Buy?

The OP mentioned status/image several times in her post and we're still talking about Mazdas, Fords, RAV4s and CR-Vs? I think we're wasting time and bandwidth talking about anything that isn't Euro/Tesla at this point. :happy She also had a budget of $30-$35k, eliminating any new status CSUV. Seems...
by Meg77
Fri Jan 04, 2019 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: What Do You Spend The Most On Annually?
Replies: 158
Views: 8384

Re: What Do You Spend The Most On Annually?

What percentage of your income do you spend on these categories? How much do you analyze this and your budget annually? 1. Housing (Rent/Mortgage, Utilities, Improvement, Maintenance) 22% 2. Food & Drink (Restaurants, Groceries, Cookware) 8% 3. Transportation (Insurance, registration, fuel, mainten...
by Meg77
Fri Jan 04, 2019 2:54 pm
Forum: Personal Consumer Issues
Topic: Which Compact SUV Should I Buy?
Replies: 211
Views: 12956

Re: Which Compact SUV Should I Buy?

The OP mentioned status/image several times in her post and we're still talking about Mazdas, Fords, RAV4s and CR-Vs? I think we're wasting time and bandwidth talking about anything that isn't Euro/Tesla at this point. :happy She also had a budget of $30-$35k, eliminating any new status CSUV. Seems...
by Meg77
Fri Jan 04, 2019 12:39 pm
Forum: Personal Consumer Issues
Topic: Which Compact SUV Should I Buy?
Replies: 211
Views: 12956

Re: Which Compact SUV Should I Buy?

I want to focus on one specific point that Meg77 made... I have two medium sized dogs with a remaining life expectancy of 4-5 years, and I like to be able to haul them safely in their crates for vet visits and said road trip. Also, we buy plants a few times a year and it's nice to have a larger aut...
by Meg77
Fri Jan 04, 2019 12:33 pm
Forum: Personal Consumer Issues
Topic: Which Compact SUV Should I Buy?
Replies: 211
Views: 12956

Re: Which Compact SUV Should I Buy?

I’d get a Sumitomo HTR A/S P02. In fact, get 4 of them since it’s a tire. Not knowing the exact specs on your car, I looked up 18 inch tires for your XC60 (they were also made with 17s and 19s) on Tire Rack, picked the Best Seller and you can get 4 shipped for $450. Add another $100 for installatio...
by Meg77
Fri Jan 04, 2019 12:09 pm
Forum: Personal Consumer Issues
Topic: Which Compact SUV Should I Buy?
Replies: 211
Views: 12956

Re: Which Compact SUV Should I Buy?

In view of your statement that your budget is flexible, and as you candidly acknowledge the role status and prestige play in what you drive, perhaps consider a Porsche Macan (available in a range of trim levels and corresponding price points) or a Mercedes GLC AMG 43 or 63. Both are relatively comp...
by Meg77
Thu Jan 03, 2019 4:52 pm
Forum: Personal Consumer Issues
Topic: Which Compact SUV Should I Buy?
Replies: 211
Views: 12956

Re: Which Compact SUV Should I Buy?

If you like your Volvo the new XC60 is a stunning upgrade from your generation, although it's a bit more than you were looking to spend, and there aren't too many on the used market yet. I would start with driving one of those and see what you think. Perhaps you'd be inclined to wait another year o...
by Meg77
Thu Jan 03, 2019 3:46 pm
Forum: Personal Consumer Issues
Topic: Which Compact SUV Should I Buy?
Replies: 211
Views: 12956

Which Compact SUV Should I Buy?

I've been impressed with the auto knowledge and advice I've seen on this forum, so I'm hoping for some guidance. I have been thinking of upgrading my 2011 Volvo XC60 for a while now for pretty much no good reason (namely: I've had it for nearly 7 years, it is worth about 5% of my annual pay, and it ...
by Meg77
Thu Jan 03, 2019 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Our financial situation
Replies: 18
Views: 2477

Re: Our financial situation

A few thoughts: 1. How much life insurance does your husband get through his employer? It is probably not enough, and you may want to look into a 10 or 15 year level term policy on him for $1,000,000 or so. You'd be up a creek if he died tomorrow unless you have a high income earning potential you j...
by Meg77
Thu Jan 03, 2019 11:56 am
Forum: Personal Investments
Topic: Opinions sought $3.5 M Net Worth
Replies: 76
Views: 9026

Re: Opinions sought $3.5 M Net Worth

Sorry for the confusion. Net worth now $3.5M with $500k of that in my house. I am not including the trust money in my net worth. Assuming you keep your house, you have $3.8 million in savings and investments you could live off. A basic back of the envelope calculation using the 4% rule means that p...
by Meg77
Thu Jan 03, 2019 11:39 am
Forum: Personal Consumer Issues
Topic: What Sudden Needs of Cash Do You Prepare For?
Replies: 64
Views: 3655

Re: What Sudden Needs of Cash Do You Prepare For?

We don't have kids and save about 40% of gross income, so over the last few years we've actually decreased our cash reserves since we can cash flow most unexpected cash needs. I try to keep $50k since that's the minimum required for some of the real estate syndications we like to invest in which pop...
by Meg77
Thu Jan 03, 2019 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Time to Sell Rental Property?
Replies: 26
Views: 1696

Re: Time to Sell Rental Property?

I've got a rental that sounds about like yours. Net cash flow of about $200 a month (which isn't much considering it's a $325k property), a relatively low maintenance condo, has appreciated a lot since I bought it in 2012 for $245k. Like you, I debate whether I should sell it every time I face a vac...
by Meg77
Fri Dec 14, 2018 3:03 pm
Forum: Personal Investments
Topic: Am I Investing Too Much?
Replies: 18
Views: 2040

Re: Am I Investing Too Much?

You may want to post your income and situation to get better responses. I went back and looked at your last post though, so I can see that you earn about $65,000 per year. Assuming that will be about the same in 2019, your savings rate is 43%. That is great - but it's not as amazing as it sounds sin...
by Meg77
Fri Dec 14, 2018 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Accidentally created a wash sale
Replies: 4
Views: 451

Re: Accidentally created a wash sale

Yes, it sounds like you created a wash sale. The order of the purchase/sale doesn't matter. If you bought shares 30 days before OR after the sale, it's a wash sale. But you're not doubly penalized for buying BOTH before and after the sale. Bottom line is that you simply won't get to deduct the capit...
by Meg77
Fri Dec 14, 2018 2:35 pm
Forum: Investing - Theory, News & General
Topic: Investing in bonds while you still have a mortgage
Replies: 26
Views: 2561

Re: Investing in bonds while you still have a mortgage

In general I think you're right. A mortgage (or any fixed rate debt) is really just a bond. Literally, investors buy consumer mortgages which end up in our bond portfolios. It's an asset if you're the lender and a debt if you're the borrower, but a bond is a bond. Therefore investing in bonds and pa...
by Meg77
Fri Dec 14, 2018 11:53 am
Forum: Personal Investments
Topic: Seeking Advice as I Turn 30
Replies: 20
Views: 2058

Re: Seeking Advice as I Turn 30

But my main concern now is... If I was to reallocate my retirement portfolios to move 15% from small cap to S&P500, the Small Caps is down 7.5% YTD and I should still do? I cannot get over the mindset of treating these funds as stocks, and that I am selling at a loss to buy a different one without ...
by Meg77
Fri Dec 14, 2018 10:51 am
Forum: Personal Finance (Not Investing)
Topic: ReFi...Yes or No
Replies: 16
Views: 1059

Re: ReFi...Yes or No

Hi there, I'm a landlord and also a banker. TLDR - NO NO NO. First of all you should not refinance just to try to get some cash flow. You'd be boosting your interest expense (i.e. LOWERING your return) just to put more money in your pocket each month and less to home equity. If your budget is tight ...
by Meg77
Wed Dec 12, 2018 12:14 pm
Forum: Personal Investments
Topic: Seeking Advice as I Turn 30
Replies: 20
Views: 2058

Re: Seeking Advice as I Turn 30

Just want to add that you should open a free Personal Capital account and link all your accounts. It will give you your asset allocation across all holdings, which I find super helpful. I'd need a list of all funds available to be more specific, but based on what you've included I'd be putting proba...
by Meg77
Thu Dec 06, 2018 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about protecting Premarital Assets
Replies: 21
Views: 2044

Re: Questions about protecting Premarital Assets

If you really want to keep things separate then usually a trust is the best/only way to go. You can get a prenup, but then you still actually have to carefully monitor and track everything indefinitely to make sure the separate assets stay separate. This is much easier said than done, as you are fin...
by Meg77
Thu Dec 06, 2018 11:31 am
Forum: Personal Investments
Topic: Unemployed, questions about personal investing situation.
Replies: 13
Views: 1442

Re: Unemployed, questions about personal investing situation.

Don't worry about the market volatility! You don't need the invested money for decades, so just ignore the noise of year to year fluctuations. Remember that it's actually GOOD for the market to "crash" so you can buy more cheaper while you are in the accumulation stage (and until you're in the decum...
by Meg77
Thu Dec 06, 2018 11:19 am
Forum: Personal Investments
Topic: Should I sell?? 1,118.75% gain!!
Replies: 26
Views: 3931

Re: Should I sell?? 1,118.75% gain!!

Um, yes. Sell it and consider it a little holiday gift to yourself. You got lucky; and you clearly don't follow the stock as you were shocked to find the value had soared. Sell and move on! :)
by Meg77
Wed Dec 05, 2018 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Home Question, What Would You Do?
Replies: 21
Views: 2212

Re: Home Question, What Would You Do?

I agree; it seems moving is worth it. I'd have a hard time spending $150k to renovate a home when you don't think you'll recoup much of the cost of the renovation. AND that project doesn't get you to dream house status as it only can fix so much. Upgrading to a $800K home costs $400K versus $150K, b...
by Meg77
Wed Nov 14, 2018 2:20 pm
Forum: Personal Investments
Topic: Invest or pay of mortgage?
Replies: 13
Views: 1595

Re: Invest or pay of mortgage?

The answer depends party on what you are earning on your cash, what inflation rates are where you live, and how dramatically your mortgage interest rate can fluctuate. I have a mortgage at 2.75% which I am choosing not to pay off or pay extra on because I value having liquidity more than a paid off ...
by Meg77
Fri Nov 09, 2018 3:56 pm
Forum: Personal Investments
Topic: Which Loan to Pay off?
Replies: 6
Views: 426

Re: Which Loan to Pay off?

Mathematically your effective mortgage interest rate is 3.01% IF it's true that you can deduct the full amount of mortgage interest. That's clearly less than the student loan rate, so mathematically it makes more sense to pay off the student loan. It's also the smaller balance, so psychologically it...
by Meg77
Fri Nov 09, 2018 3:42 pm
Forum: Personal Investments
Topic: Full Retirement Revamp and Planning for ER/FI.
Replies: 15
Views: 1362

Re: Full Retirement Revamp and Planning for ER/FI.

Cash Total: 16.5% $44,000 cash (for investing – do not include emergency funds. Currently in checking accounts) Move this to the fidelity money market account so it can earn closer to 2%. Will contribute to Mega Roth Backdoor if possible. I've considered this myself, but we decided to accumulate fu...
by Meg77
Fri Nov 09, 2018 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone use a Wealth Manager?
Replies: 26
Views: 3222

Re: Anyone use a Wealth Manager?

There are lots of threads on this (search "financial advisor" and you'll get more hits). The term wealth manager can mean a lot of things, but the consensus seems to be that they are useful if you have no interest/aptitude in managing your own affairs or if your situation is extremely complex. But i...
by Meg77
Fri Nov 09, 2018 3:06 pm
Forum: Personal Investments
Topic: Are We In A Real Estate Bubble?
Replies: 114
Views: 14235

Re: Are We In A Real Estate Bubble?

The current Beige Book (dated October 24) details the economic conditions in each of the 12 Federal Reserve Districts. Overall the real estate data appears to be quite mixed. In my district, Dallas, which covers all of TX as well as northern LA and southern NM, here is an excerpt: Home sales were fl...