Search found 93 matches

by sapper1371
Thu Jun 20, 2019 3:28 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 760
Views: 96714

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: 760
Views: 96714

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: 760
Views: 96714

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: 1427

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: 4562

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: 4562

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: 1688

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: 1584

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: 1584

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: 1670

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: 1425

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: 1425

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: 1762

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: 1762

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: 1762

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: 1762

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: 1425

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: 1425

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: 15932

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: 1425

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: 438

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: 949

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: 5508

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: 5508

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: 5508

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: 5508

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: 5508

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: 5508

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: 5508

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: 5508

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...
by sapper1371
Wed Dec 26, 2018 4:31 pm
Forum: Personal Investments
Topic: TLH with Same Fund in ROTH
Replies: 11
Views: 825

Re: TLH with Same Fund in ROTH

Well who knows what will happen from here but as of now it looks like I picked a good morning the TLH!
by sapper1371
Tue Dec 25, 2018 9:58 pm
Forum: Personal Investments
Topic: TLH with Same Fund in ROTH
Replies: 11
Views: 825

Re: TLH with Same Fund in ROTH

livesoft wrote:
Tue Dec 25, 2018 9:35 pm
Who knows? I don't know now, but I will know when you tell me if it worked. :)
Haha, will keep you posted!
by sapper1371
Tue Dec 25, 2018 9:34 pm
Forum: Personal Investments
Topic: TLH with Same Fund in ROTH
Replies: 11
Views: 825

Re: TLH with Same Fund in ROTH

So if I turn off the reinvestment tomorrow that should prevent reinvestment that would have taken place on the 28th? I use TD Ameritrade if that matters. Thanks.
by sapper1371
Tue Dec 25, 2018 8:54 pm
Forum: Personal Investments
Topic: TLH with Same Fund in ROTH
Replies: 11
Views: 825

Re: TLH with Same Fund in ROTH

Ok, just checked and have not had any reinvested dividends in either my Roth or Taxable (all SPTM) since October so it looks like I am clear the sell and TLH without issues as long and a avoid purchasing SPTM in the next 30 days correct? Think to do this I just need to turn off auto reinvest if divi...
by sapper1371
Tue Dec 25, 2018 2:50 pm
Forum: Personal Investments
Topic: TLH with Same Fund in ROTH
Replies: 11
Views: 825

TLH with Same Fund in ROTH

Sorry for another TLH thread but I have not been able to find the answer reading through many threads. I have about $2k loss in a taxable account which holds only SPTM so was thinking of selling all shares tomorrow and buying SPY immediately with the funds. I have seen a few threads discussing issue...
by sapper1371
Sat Dec 22, 2018 8:51 am
Forum: Personal Investments
Topic: SVSPX lost 12% yesterday?
Replies: 6
Views: 692

Re: SVSPX lost 12% yesterday?

Forgive me but I am a bit ignorant on the capital gains payout. Who gets paid? Is it me as a shareholder? If so, would that just be cash now in my 401k account (haven’t checked yet).
by sapper1371
Sat Dec 22, 2018 8:19 am
Forum: Personal Investments
Topic: SVSPX lost 12% yesterday?
Replies: 6
Views: 692

SVSPX lost 12% yesterday?

SVSPX is my base fund for my 401k plan and was a bit suppress to see it showing a loss of 12% yesterday when the S&P 500 only lost 2%?

I’m not selling or anything, just curious how it could lose so much more than the S&P 500 it tracks?
by sapper1371
Thu Sep 06, 2018 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage [How should finances be handled?]
Replies: 74
Views: 8257

Re: Marriage

My advice is that if you are comfortable marrying someone you should be comfortable combining your finances unless there is some underlying issue. Marriage is the ultimate relationship and there will be highs and lows for you both along the way. Keeping everything separate might lead to a lot of ha...
by sapper1371
Mon Aug 13, 2018 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage [How should finances be handled?]
Replies: 74
Views: 8257

Re: Marriage

My advice is that if you are comfortable marrying someone you should be comfortable combining your finances unless there is some underlying issue. Marriage is the ultimate relationship and there will be highs and lows for you both along the way. Keeping everything separate might lead to a lot of har...
by sapper1371
Sun Jul 22, 2018 6:54 pm
Forum: Personal Investments
Topic: Backdoor Roth with TDA
Replies: 5
Views: 376

Re: Backdoor Roth with TDA

Since it is best to pay the conversion taxes (if any) from other income, re-read the conversion form to see if that is allowed. By withholding 10% of the converted amount, you will be short a lot of money in the Roth AND the withheld taxes are considered a withdrawal. If you are under 59.5, there i...
by sapper1371
Sun Jul 22, 2018 6:51 pm
Forum: Personal Investments
Topic: Backdoor Roth with TDA
Replies: 5
Views: 376

Re: Backdoor Roth with TDA

Earl Lemongrab wrote:
Sun Jul 22, 2018 3:10 pm
TDA allows you to attach forms to a secure message.
Thanks; that will speed this up
by sapper1371
Sun Jul 22, 2018 1:38 pm
Forum: Personal Investments
Topic: Backdoor Roth with TDA
Replies: 5
Views: 376

Backdoor Roth with TDA

I am ready to door backdoor Roth and am just trying to make sure I know exactly what I need to do. TDA said that I have to first open and fund the tIRA and then print and fill out a conversion form. A few questions: Do all brokerages make you mail something to them which will take time to process? D...
by sapper1371
Sun Jul 22, 2018 12:51 pm
Forum: Investing - Theory, News & General
Topic: Good Books on Investment?
Replies: 14
Views: 1212

Re: Good Books on Investment?

Thanks for the great suggestions
by sapper1371
Sat Jul 21, 2018 7:10 pm
Forum: Personal Investments
Topic: Ticker for a fund tracking MSCI ACWI Ex US?
Replies: 7
Views: 438

Re: Ticker for a fund tracking MSCI ACWI Ex US?

Thank you all very much!
by sapper1371
Sat Jul 21, 2018 6:56 pm
Forum: Personal Investments
Topic: How to treat annuity?
Replies: 24
Views: 2216

Re: How to treat annuity?

Doubt there is a catch. I have a similar older annuity that pays a guaranteed minimum 4.5% after any fees that I hold as an IRA. I can add any amount to it, can remove any amount from it and I recently rolled money into it from a 401K. I much prefer this to a bond fund for a variety of reasons and ...
by sapper1371
Sat Jul 21, 2018 12:12 pm
Forum: Personal Investments
Topic: Ticker for a fund tracking MSCI ACWI Ex US?
Replies: 7
Views: 438

Ticker for a fund tracking MSCI ACWI Ex US?

I use Personal Capital software and unfortunately it can't connect to my 401k so i am trying to manually add the account. I have a few funds that do not have tickers so this is difficult so i am trying find "representative tickers" to that I can still take advantage of using the software for snapsho...
by sapper1371
Fri Jul 20, 2018 6:15 pm
Forum: Personal Investments
Topic: SSAFX a good Bond Fund? [State Street Aggregate Bond Index]
Replies: 5
Views: 419

Re: SSAFX a good Bond Fund?

Dale_G wrote:
Fri Jul 20, 2018 6:05 pm
This fund follows the same index as Vanguard's Total Bond fund. State Street is a very reputable company. Hopefully the expense ratio is in the order of 0.6% or less.

Dale
It’s 0.04; guess I have a winner!
by sapper1371
Fri Jul 20, 2018 6:13 pm
Forum: Personal Investments
Topic: How to treat annuity?
Replies: 24
Views: 2216

Re: How to treat annuity?

... Thanks! Would recommend that I just carry it or consider adding to it before another taxable account? Too many variables to say. Would adding new money change anything? This seems too good to be true, so what's the catch? Agree with you on the catch, has to be something. They said I can add up ...
by sapper1371
Fri Jul 20, 2018 6:10 pm
Forum: Investing - Theory, News & General
Topic: Good Books on Investment?
Replies: 14
Views: 1212

Re: Good Books on Investment?

The Bogleheads reading list is a good source of book titles that you may wish to investigate whether you want to read them or not. I believe that this is the reading list that livesoft refers to: https://www.bogleheads.org/wiki/Category:Books_and_authors I also think that Taylor's investment "Gems"...