Search found 112 matches

by sapper1371
Wed Oct 09, 2019 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Capital website?
Replies: 26
Views: 2318

Re: Personal Capital website?

+1 for PC.....and +1 for finding the constant account linking problems incredibly annoying but seems every similar service has the same issues.

Here is a tip though. Tell them not to call you with their sales pitch until they fix all the linking problems and they will leave you alone!
by sapper1371
Mon Sep 16, 2019 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Multiple job offers - How to ask for time to evaluate with my BH?
Replies: 24
Views: 2427

Re: Multiple job offers - How to ask for time to evaluate with my BH?

I woundn’t think twice about declining an offer that I had signed if a better fit presented itself shortly thereafter. It’s business, and in the long run it’s best for both you and them that you do so.
by sapper1371
Mon Sep 09, 2019 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Post-kids Expenses?
Replies: 10
Views: 901

Re: Post-kids Expenses?

jebmke wrote:
Mon Sep 09, 2019 4:23 pm
I do volunteer work with a fellow who is still supporting his kids and they are in their 40s and not disabled.
I have a deadbeat sister that my parents still take care of at 33 with a kid. I will never let that happen because I see it never ends.
by sapper1371
Mon Sep 09, 2019 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Post-kids Expenses?
Replies: 10
Views: 901

Re: Post-kids Expenses?

livesoft wrote:
Mon Sep 09, 2019 4:50 pm
My spouse took any number we had in the "kids' expenses" category and moved it into the "Mom's vacation" category, so spending remains the same.

Example: "Son: $25,000 college" went to "Mom: 5 vacations of $5,000 each"
I can see this happening for sure!
by sapper1371
Mon Sep 09, 2019 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Post-kids Expenses?
Replies: 10
Views: 901

Re: Post-kids Expenses?

Yeah, mortgage will be paid off when they are 8 and 10 and have been funding 529 so expect majority of college taken care of so hoping for a significant drop but who knows what will actually happen so good to hear experiences from others.
by sapper1371
Mon Sep 09, 2019 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Post-kids Expenses?
Replies: 10
Views: 901

Post-kids Expenses?

So there is a lot of talk about being able to FIRE (e.g.25x expenses) but expenses seem be be tied to what point in your life are currently in so it’s a moving target. I know that’s it’s not possible to predict but for those that have seen the kids grown and gone did you see a significant expense dr...
by sapper1371
Thu Sep 05, 2019 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Stressed Over Money 25 Yr. Old
Replies: 65
Views: 5167

Re: Stressed Over Money 25 Yr. Old

If you are 25, have a 6 month old, work all the time and are living with your parents you may want to take a timeout and assess your priorities. As others have said you have a significant nest egg already so there is no reason you shouldn’t be more engaged in your life outside of work unless you cho...
by sapper1371
Mon Aug 26, 2019 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Advantages to Military Service and Beyond
Replies: 4
Views: 927

Re: Advantages to Military Service and Beyond

I served 4 years in the late 90s, enlisted, so take my advice for what it’s worth. I would look to ensure that you are in a field that is directly transferable to the GS route. I didn’t do this so my time served was pretty much...time served...and I started my degree/career from scratch when I was d...
by sapper1371
Mon Aug 26, 2019 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Capital and Capital One
Replies: 5
Views: 734

Re: Personal Capital and Capital One

Yeah, I can live with having to enter the code but the new account will not connect at all. It basically says that a code is being sent but it never actually comes to my phone so I have not been able to enter it. And yes, the phone number is accurate because when I activated the Cap1 app I did get a...
by sapper1371
Mon Aug 26, 2019 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken 2007 for Mac versus Quicken 2019?
Replies: 6
Views: 445

Re: Quicken 2007 for Mac versus Quicken 2019?

I used Quicken for 10 years but gave up on it in 2016 because the account linking errors just drove me crazy. Started using Personal Capital and liked it so much better than quicken but it also has some linking errors. Not nearly as many as Quicken but enough to make it annoying...
by sapper1371
Mon Aug 26, 2019 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Capital and Capital One
Replies: 5
Views: 734

Personal Capital and Capital One

I have used PC for several years and have been pretty happy with it now that they have given up trying to sell me advise! However, I have had linking issues with a few well known institutions including Capital One. My wife’s Venture Credit card keeps requiring me to get “one time codes” every few we...
by sapper1371
Wed Jul 24, 2019 6:14 pm
Forum: Personal Investments
Topic: Here for my 40yr Checkup!
Replies: 11
Views: 1854

Re: Here for my 40yr Checkup!

Yes, I looked into this previously and it’s not an option unfortunately. I can indeed make after tax contributions and also In-service rollovers. The problem is that the in service rollovers come from both before and after tax so I cannot specify just after tax. That’s too bad. This seems nonsensic...
by sapper1371
Wed Jul 24, 2019 4:33 pm
Forum: Personal Investments
Topic: Here for my 40yr Checkup!
Replies: 11
Views: 1854

Re: Here for my 40yr Checkup!

New annual Contributions $19k his 401k (6% match) $19k her 401k (4% match) $6k his Roth IRA $6k her Roth IRA $7k Combined HSAs $10k 529s (ages 4 and 6 currently) $5k Extra Mortgage Payment Rest that is saved ~$5-10k taxable (for retirement, not short term goals) The only suggestion I'd make is to f...
by sapper1371
Wed Jul 24, 2019 12:55 pm
Forum: Personal Investments
Topic: Here for my 40yr Checkup!
Replies: 11
Views: 1854

Re: Here for my 40yr Checkup!

Many will also advise you not to prepay your mortgage at that rate but again, personal decision. Is the $49k in cash your EF? Yes, I have read debates about taxable vs mortgage and couldn’t decide so I am going 50/50. Only have 5 years left so would kinda line the peace of mind knowing it’s paid of...
by sapper1371
Wed Jul 24, 2019 12:29 pm
Forum: Personal Investments
Topic: Here for my 40yr Checkup!
Replies: 11
Views: 1854

Here for my 40yr Checkup!

I stumbled across this forum a few years back when I had first reached my 401k max and was looking to start "wheeling and dealing with stocks" in a taxable account. Whew, close call and many thanks! I just turned 40 a few days ago and rather than shopping for a sports car I want to make sure I am on...
by sapper1371
Sat Jul 13, 2019 9:21 am
Forum: Personal Finance (Not Investing)
Topic: How much homeowners insurance?
Replies: 16
Views: 1635

Re: How much homeowners insurance?

Old houses shouldn't be that much more expensive to rebuild than new houses. The rebuild will have to be code compliant regardless of whether the insured home was. Similarly, I am not sure how much 'not cookie cutter' really matters Have you priced a slate roof or copper gutters lately? It can make...
by sapper1371
Fri Jul 12, 2019 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: How much homeowners insurance?
Replies: 16
Views: 1635

Re: How much homeowners insurance?

I have received about 5 quotes and after answering all of their detailed questions about my house the estimated costs to rebuild are all over the map ($450k-$900k). Is anyone aware of a better way to estimate or should I consider hiring someone to estimate? I don’t want to be underinsured but also ...
by sapper1371
Thu Jul 11, 2019 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: How much homeowners insurance?
Replies: 16
Views: 1635

Re: How much homeowners insurance?

I think part of my problem is that my house was built in 1939 and has a slate roof, original to the house. Maybe I’ll just average all of their estimates for dwelling rebuild then try to find the best deal for that amount of coverage. Right now that would be about $650k and that nearly 2x of the cur...
by sapper1371
Thu Jul 11, 2019 8:10 am
Forum: Personal Finance (Not Investing)
Topic: How much homeowners insurance?
Replies: 16
Views: 1635

How much homeowners insurance?

I have received about 5 quotes and after answering all of their detailed questions about my house the estimated costs to rebuild are all over the map ($450k-$900k). Is anyone aware of a better way to estimate or should I consider hiring someone to estimate? I don’t want to be underinsured but also w...
by sapper1371
Thu Jun 20, 2019 3:28 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1007
Views: 136013

Re: Did I Make it or no?

Is it typical to include the value of your house in your net worth or no? If it is, then I think we just joined the 2 comma club (well for today anyways :D )! If not then we have $250k to go :? . It's not the value of the house that counts, but how much equity you have in it. If you have $250K hous...
by sapper1371
Thu Jun 20, 2019 3:26 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1007
Views: 136013

Re: Did I Make it or no?

cherijoh wrote:
Thu Jun 20, 2019 2:44 pm
I consider it only based on investments since I need somewhere to live and will not be selling my house anytime soon.
I agree it’s less liquid but by that same token will you be selling your investments anytime soon?
by sapper1371
Thu Jun 20, 2019 2:41 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1007
Views: 136013

Did I Make it or no?

Is it typical to include the value of your house in your net worth or no? If it is, then I think we just joined the 2 comma club (well for today anyways :D )! If not then we have $250k to go :? . My wife and I are only 39 so I know that being heavily invested in equities we could see a significant d...
by sapper1371
Wed May 01, 2019 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Applying for an open position (with a twist)
Replies: 12
Views: 1569

Re: Applying for an open position (with a twist)

I’d discuss with your current manger before doing 1 or 2. It’s going to get back to them anyways and will not reflect well which may be a concern if you don’t end up getting the new position. If you do get it this is your first chance to make a good impression with your potential new boss....make su...
by sapper1371
Sun Apr 21, 2019 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house without a realtor
Replies: 49
Views: 4921

Re: Buying a house without a realtor

They find buyers and sell the houses to the buyers. Unfortunately this typically isn’t the case. Rather than “find buyers” they post listings and let the internet do what the internet does. If you are a buyer they fill out the search criteria, hit enter, and forward you the search results. Seems li...
by sapper1371
Sun Apr 21, 2019 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house without a realtor
Replies: 49
Views: 4921

Re: Buying a house without a realtor

Have bought and sold several houses without an agent. What they do these days with the internet available to you to earn their fees is beyond me. I suppose it’s good if you need a lot of hand holding but if you are just looking for someone to take care of the logistics they are a waste of money IMO....
by sapper1371
Fri Mar 29, 2019 5:35 pm
Forum: Personal Investments
Topic: Help with wife and I's Retirement Plan
Replies: 21
Views: 1803

Re: Help with wife and I's Retirement Plan

My wife's work does offer the Dependent Care FSA. When I read up on it though, doesn't look like you can do more than $5k, even if you have multiple kiddos. Is there something I'm missing? Thanks again, VSS The limit is $5k, true. But that's $5K from my employer, and $5K from my wife's employer ......
by sapper1371
Thu Feb 28, 2019 7:07 am
Forum: Personal Investments
Topic: Couple years in the making, porfolio review time!
Replies: 11
Views: 1717

Re: Couple years in the making, porfolio review time!

My life became a lot simpler once I started to look at AA across my spouse and my entire portfolios. She has no good bond funds and I have no good international so we just set the % in each of our accounts to get what we want overall. We just keep a fairly simple spreadsheet that does all of the ma...
by sapper1371
Fri Feb 22, 2019 3:13 pm
Forum: Personal Investments
Topic: Couple years in the making, porfolio review time!
Replies: 11
Views: 1717

Re: Couple years in the making, porfolio review time!

My life became a lot simpler once I started to look at AA across my spouse and my entire portfolios. She has no good bond funds and I have no good international so we just set the % in each of our accounts to get what we want overall. We just keep a fairly simple spreadsheet that does all of the mat...
by sapper1371
Thu Feb 07, 2019 6:35 pm
Forum: Personal Investments
Topic: Good reasons for selling an S&P 500 index fund
Replies: 12
Views: 1747

Re: Good reasons for selling an S&P 500 index fund

That does not mean that you are guaranteed to make money if you hold for ten years. However, from 1926-2014, over 80 overlapping 10-year holding periods, the S&P 500 (and predecessor indexes) made money 76 times out of 80, and only lost money 4 times out of 80. From 1926-2014, portfolios of 70% sto...
by sapper1371
Fri Jan 25, 2019 7:07 pm
Forum: Personal Investments
Topic: Mega Backdoor ROTH Clarification
Replies: 20
Views: 1478

Re: Mega Backdoor ROTH Clarification

So just to recap, the fact that my plan doesn’t allow me to rollover that after-tax portion alone means no MBR for me correct?
by sapper1371
Fri Jan 25, 2019 2:13 pm
Forum: Personal Investments
Topic: Mega Backdoor ROTH Clarification
Replies: 20
Views: 1478

Re: Mega Backdoor ROTH Clarification

I tried calling one more time to see what a 3rd rep said and got the same answer. I can do a rollover but it will withdraw some from all contributions (rollover, pre-tax, post-tax and employer match).

I asked if this was rare but the rep said it was pretty common. Too bad 🤔
by sapper1371
Tue Jan 22, 2019 7:17 am
Forum: Personal Finance (Not Investing)
Topic: Think I forgot about insurance!
Replies: 16
Views: 1793

Re: Think I forgot about insurance!

My employer pays 1x pay and I pay $38/mo for an additional 5x pay (~$500k). I looked at term4sale and it seems I can get a $500k policy for pretty much exactly what I pay now. If I up that the $1M it’s a bit less than doublue. Seems like since my employer insurance is dependent on my staying with th...
by sapper1371
Mon Jan 21, 2019 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Think I forgot about insurance!
Replies: 16
Views: 1793

Re: Think I forgot about insurance!

Both of us have the 66% long term disability through work. For the other issue, do you mean if either of us become sick and can’t work then we will probably have our work policies canceled and will be too sick to find coverage? Is that common? If so, is it generally recommends to get term life rath...
by sapper1371
Mon Jan 21, 2019 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Think I forgot about insurance!
Replies: 16
Views: 1793

Re: Think I forgot about insurance!

Both of us have the 66% long term disability through work. For the other issue, do you mean if either of us become sick and can’t work then we will probably have our work policies canceled and will be too sick to find coverage? Is that common? If so, is it generally recommended to get term life rath...
by sapper1371
Mon Jan 21, 2019 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Think I forgot about insurance!
Replies: 16
Views: 1793

Think I forgot about insurance!

We’ve been making out 401ks, ROTH IRAs, HSAs and funding 529s but I don’t think we have put enough thought into life insurance. Currently my wife and I each make about $110k per year (both 39) and have no debt other than our mortgage which is down to 5.5 yrs remaining ($120k). We also have about $40...
by sapper1371
Fri Jan 18, 2019 6:33 pm
Forum: Personal Investments
Topic: Mega Backdoor ROTH Clarification
Replies: 20
Views: 1478

Re: Mega Backdoor ROTH Clarification

I can try calling again but I asked the rep on the phone to double check and she seemed confident. That plus the wording in the plan description has me thinking I’m not going to be able to do it. What I don’t get though is why they would combine everything for an in-service withdraw/rollover given t...
by sapper1371
Fri Jan 18, 2019 2:53 pm
Forum: Personal Investments
Topic: Mega Backdoor ROTH Clarification
Replies: 20
Views: 1478

Re: Mega Backdoor ROTH Clarification

OK I tried to roll the excess from the after tax contribution into my ROTH but the plan administrator said that I cannot just pull from the after tax portion alone. She said that if I make a request it will pull from all of my accounts. I thought this seemed odd but I looked through my Summary plan ...
by sapper1371
Fri Jan 11, 2019 3:43 pm
Forum: Personal Investments
Topic: Biggest Investment Mistake
Replies: 200
Views: 17173

Re: Biggest Investment Mistake

Investing in 529s before I was maxing out all tax advantaged space. Have plenty of money now for 529s but can’t get that tax advantaged space back now.
by sapper1371
Fri Jan 11, 2019 2:34 pm
Forum: Personal Investments
Topic: Mega Backdoor ROTH Clarification
Replies: 20
Views: 1478

Mega Backdoor ROTH Clarification

So last year I contributed about $200 to my 401k over the $18.5k limit so my plan automatically added the excess as an “after tax” contribution. I figured this might be the perfect time to see if I can do a MBR so I asked them if I was allowed to roll that excess into a ROTH IRA that I had with anot...
by sapper1371
Thu Jan 10, 2019 12:35 pm
Forum: Personal Investments
Topic: Advice needed for a young person
Replies: 6
Views: 460

Re: Advice needed for a young person

"A Random Walk Down Wall Street" does a pretty good job of explaining why that, and picking managed funds, is a fools errand.
by sapper1371
Sat Jan 05, 2019 8:03 am
Forum: Personal Investments
Topic: Useful investment app
Replies: 12
Views: 984

Re: Useful investment app

Personal Capital is free (assuming you dodge the sales pitches). It can connect to most banks and then do a lot of usuful things like Monte Carlo simulations on your retirement scenarios once it has all of your info.
by sapper1371
Fri Jan 04, 2019 7:14 pm
Forum: Personal Investments
Topic: Ever wonder if you are saving Too Much?
Replies: 67
Views: 5748

Re: Ever wonder if you are saving Too Much?

Your original post lamented that you could not take more time to spend with your young kids, and that you may regret it when you are older. This implies a desire to cut back on work in order to have time with the family, and implies a concomitant decrease in earnings and therefore diminished abilit...
by sapper1371
Fri Jan 04, 2019 5:15 pm
Forum: Personal Investments
Topic: Ever wonder if you are saving Too Much?
Replies: 67
Views: 5748

Re: Ever wonder if you are saving Too Much?

We max'ed our 401ks, and stayed in a starter home while our paychecks rose considerably, and felt we were in good shape for an early retirement. But at the same time, since there were no kids, we had a lot of spare income and so did a lot of traveling, which is great because DH at 55 died a year be...
by sapper1371
Fri Jan 04, 2019 4:41 pm
Forum: Personal Investments
Topic: Ever wonder if you are saving Too Much?
Replies: 67
Views: 5748

Re: Ever wonder if you are saving Too Much?

You're saving more than you ever have, which is great! :sharebeer But watch out for lifestyle creep. You may be spending more than ever before too and thus increasing the amount you'll need to comfortably retire and the length of your working life. Let the math show begin: Based on the contribution...
by sapper1371
Fri Jan 04, 2019 6:48 am
Forum: Personal Investments
Topic: Ever wonder if you are saving Too Much?
Replies: 67
Views: 5748

Re: Ever wonder if you are saving Too Much?

Great insights Watty, thanks!
by sapper1371
Thu Jan 03, 2019 9:16 pm
Forum: Personal Investments
Topic: Ever wonder if you are saving Too Much?
Replies: 67
Views: 5748

Re: Ever wonder if you are saving Too Much?

Do people really need to be reminded that there should be a balance between saving and spending? It seems self-evident. JT Not sure what you are getting at here. What’s wrong with getting feedback from others on where they found that balance? In a previous post you said you had no regrets about sav...
by sapper1371
Thu Jan 03, 2019 8:59 pm
Forum: Personal Investments
Topic: Ever wonder if you are saving Too Much?
Replies: 67
Views: 5748

Re: Ever wonder if you are saving Too Much?

At age 39 with two young children you will probably want to start planning for their education. I should note that in addition to the $600k nest egg we have $50k in 529s for our kids (3 and 6 now) and add about $4k a year to each as well. I had to join the military to pay for school so it’s impprta...
by sapper1371
Thu Jan 03, 2019 8:55 pm
Forum: Personal Investments
Topic: Ever wonder if you are saving Too Much?
Replies: 67
Views: 5748

Re: Ever wonder if you are saving Too Much?

Great feedback! I certainly understand that there are a lot of unknowns and that the more that I save the more certain I will be that we will be able to retire conformably. I guess I am worried that one of us might have health problems or something and we might not get to enjoy our golden years they...
by sapper1371
Thu Jan 03, 2019 6:08 pm
Forum: Personal Investments
Topic: Ever wonder if you are saving Too Much?
Replies: 67
Views: 5748

Ever wonder if you are saving Too Much?

Wife and I are by no means wealthy but we have recently seen significant increases in our wages (~$250k combined) that now allows us to easily max out two 401ks, Backdoor ROTHs and HSAs with plenty left over while still living comfortably. We were not able to max everything until recently so our ret...