Search found 605 matches

by Living Free
Mon Apr 12, 2021 11:50 am
Forum: Personal Investments
Topic: Can you Invest to much?
Replies: 12
Views: 1409

Re: Can you Invest to much?

With the state pension I would ensure that the state is on sound financial footing. I am not sure if folks have had their pensions reduced in the past, though it seems there are a number of states/municipalities that have poor finances.
by Living Free
Fri Apr 09, 2021 9:51 am
Forum: Personal Investments
Topic: new job and new retirement account
Replies: 13
Views: 906

Re: new job and new retirement account

Well, the whole names and expense ratios are not listed, but it seems like you have some good options, with the fidelity 500 index and small index for US stocks, vanguard total international index for stocks, and fidelity bond index for bonds. So should be roughly equivalent to your VTI, VXUS, and B...
by Living Free
Fri Apr 09, 2021 7:27 am
Forum: Personal Investments
Topic: [Vanguard Admiral Shares..or not? See my portfolio]
Replies: 7
Views: 974

Re: Vanguard Admiral Shares..or not? 🚀⛵ See my portfolio 👀

The target date fund is great. I personally use VTWAX (vanguard total world stock index fund) in my Roth IRA. You might also get some more helpful info if you post in the asking portfolio questions format: viewtopic.php?t=6212
by Living Free
Fri Apr 09, 2021 6:51 am
Forum: Personal Investments
Topic: Portfolio Review & Advice Ahead of First Child
Replies: 6
Views: 566

Re: Portfolio Review & Advice Ahead of First Child

Do you both have long-term disability insurance? 1. Adequate disability insurance for you and spouse I think we're fine without it. As federal employees, we each could go into "disability retirement" and get at least 40% of our salaries going forward. That and/or SSDI should keep us afloa...
by Living Free
Fri Apr 09, 2021 6:46 am
Forum: Personal Consumer Issues
Topic: Family car
Replies: 86
Views: 6653

Re: Family car

I’m looking to buy a family car to transport 5 people including two kids in car seats. My top contenders are Kia Telluride/ Hyundai Palisade. It’s killing me that I’m not only buying a gas guzzler, but about to drop $45k on it. I really thought my next car would be an electric car, but there aren’t...
by Living Free
Fri Apr 09, 2021 6:37 am
Forum: Personal Consumer Issues
Topic: Are you competitive? If so, how do you compete as you get older?
Replies: 46
Views: 2958

Re: Are you competitive? If so, how do you compete as you get older?

I’ve been competitive since birth. Playing sports has always allowed me to scratch that itch, even if it’s just recreational. It’s all very positive in nature and has provided a great mental break from the stressors in life. Despite all efforts, my body is breaking down as I get older. I am still p...
by Living Free
Tue Apr 06, 2021 3:34 pm
Forum: Personal Consumer Issues
Topic: Family car
Replies: 86
Views: 6653

Re: Family car

I’m looking to buy a family car to transport 5 people including two kids in car seats. My top contenders are Kia Telluride/ Hyundai Palisade. It’s killing me that I’m not only buying a gas guzzler, but about to drop $45k on it. I really thought my next car would be an electric car, but there aren’t...
by Living Free
Tue Apr 06, 2021 12:54 pm
Forum: Personal Investments
Topic: Portfolio Review & Advice Ahead of First Child
Replies: 6
Views: 566

Re: Portfolio Review & Advice Ahead of First Child

Questions : Overall... I feel like we're well positioned and just need to keep it up and stick to the plan to succeed financially. Am I missing anything? Is there anything we can better optimize? Am I too optimistic? Seems like you are investing a huge amount each year in a low cost diversified way...
by Living Free
Mon Apr 05, 2021 9:09 pm
Forum: Personal Consumer Issues
Topic: AWD vs 2WD in up state new york
Replies: 53
Views: 3302

Re: AWD vs 2WD in up state new york

I live in NH and drive a Honda Fit with winter tires (Michelin xi3 - actually wish I'd gotten Nokians as I've read reviews that they're the best...maybe next time) and it does totally fine - on one occasion in the 4 years that I've had it I had a very minor struggle getting up my driveway when it wa...
by Living Free
Mon Mar 29, 2021 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Paying Sister for Childcare
Replies: 21
Views: 1888

Re: Paying Sister for Childcare

I agree with the above. I'd do this "above board" and pay her formally. FYI I believe that the typical cost for a full time nanny is like $70-80k per year where I live (northeast), per my colleague who has looked into it. That would be a ridiculous amount of money to pay someone "inf...
by Living Free
Mon Mar 29, 2021 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Paying Sister for Childcare
Replies: 21
Views: 1888

Re: Paying Sister for Childcare

I agree with the above. I'd do this "above board" and pay her formally. FYI I believe that the typical cost for a full time nanny is like $70-80k per year where I live (northeast), per my colleague who has looked into it. That would be a ridiculous amount of money to pay someone "info...
by Living Free
Fri Mar 19, 2021 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Sitting on too much cash? Should we rethink taxable investing?
Replies: 55
Views: 5966

Re: Sitting on too much cash? Should we rethink taxable investing?

Gotcha. Well, glad to hear you've got the ability to max out the 401k and all retirement accounts, that is certainly a great accomplishment. I agree it's better to max out retirement accounts prior to taxable investing. Good luck with the car search when the time comes - hopefully the used car marke...
by Living Free
Fri Mar 19, 2021 12:07 pm
Forum: Personal Investments
Topic: New Person Portfolio Plan - Hello Bogleheads!
Replies: 17
Views: 2041

Re: New Person Portfolio Plan - Hello Bogleheads!

Hello Bogleheads! I'm a recent reader of The Little Book of Common Sense Investing and The Bogleheads Guide to Investing. After doing some planning, I thought I would join this forum and humbly request any feedback (and validation) of my plan! Overview Emergency funds: 1-year (due to low job securi...
by Living Free
Fri Mar 19, 2021 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Sitting on too much cash? Should we rethink taxable investing?
Replies: 55
Views: 5966

Re: Sitting on too much cash? Should we rethink taxable investing?

Hi All, I'm wondering if we should rethink our plan regarding investing in a taxable account. Our plan has always been to first max out my 401k, HSA, and both Roth IRAs so that we are investing in the most tax efficient way, and once that's done we start investing in a taxable account. We are there...
by Living Free
Tue Mar 16, 2021 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Is buying a house in Illinois with 18k property tax a bad financial decision?
Replies: 40
Views: 3329

Re: Is buying a house in Illinois with 18k property tax a bad financial decision?

Kookaburra wrote: Tue Mar 16, 2021 10:24 am More concerning than the property taxes is that almost half your investment portfolio is in Bitcoin :shock:
I agree. OP self describes as financially conservative yet has $665k in bitcoin...I'd gladly realize some gains there if it were me
by Living Free
Mon Mar 15, 2021 9:38 am
Forum: Personal Finance (Not Investing)
Topic: What expenses should be part of an emergency fund?
Replies: 37
Views: 2896

Re: What expenses should be part of an emergency fund?

I'd save up for the large planned expenses separate from the emergency fund.
by Living Free
Mon Mar 15, 2021 9:31 am
Forum: Personal Investments
Topic: 3 Fund Portfolio vs Betterment and Other Questions
Replies: 32
Views: 1553

Re: 3 Fund Portfolio vs Betterment and Other Questions

Questions: 1) Would a three fund portfolio have beaten this? a) If so would I benefit from moving it from selling it and moving into a three fund portfolio or should I just keep up with this and begin a three fund portfolio? I don't know you could look it up on portfolio visualizer. I'd favor getti...
by Living Free
Mon Mar 15, 2021 9:13 am
Forum: Personal Investments
Topic: After tax 401k v. Back door Roth v taxable
Replies: 27
Views: 1351

Re: After tax 401k v. Back door Roth v taxable

I agree that it would be better if you'd post in the asking portfolio questions format. But in general so long as you have enough emergency reserves available to you, you should try to fill up all retirement accounts prior to using a taxable brokerage account. So if you can do the backdoor Roth and ...
by Living Free
Fri Mar 12, 2021 4:13 pm
Forum: Personal Investments
Topic: Asset Allocation - 38 Years Old
Replies: 9
Views: 1041

Re: Asset Allocation - 38 Years Old

Can you do a solo 401k instead of a SEP IRA so that you can do the backdoor Roth IRA? You could probably also max out the full $58k (or whatever it is) for the employer portion of the solo 401k, so that might overall be better in terms of giving you more retirement account "space" so then ...
by Living Free
Tue Mar 09, 2021 10:16 am
Forum: Personal Investments
Topic: [Roth IRA contribution question]
Replies: 13
Views: 1101

Re: OMG not another Roth question please

My wife and I were fairly evenly matched but I brought home the big bucks with $8,752. She brought $5,066. So that's the answer: it must be no more than our EARNED INCOME. No the answer is $7,000 for you and $5,066. Unless the IRS permits a greater contribution, perhaps a spousal IRA contribution ....
by Living Free
Wed Mar 03, 2021 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Big Raise: What to Do With It
Replies: 45
Views: 3433

Re: Big Raise: What to Do With It

Pay off mortgage and invest in a taxable account and invest into the 529s what you think is appropriate. keep maxing out retirement accounts. consider spending more once you've done some of the above to a comfortable level. or consider giving more away. I know you mention that you both think you'll ...
by Living Free
Tue Mar 02, 2021 10:25 am
Forum: Personal Investments
Topic: Would a new joint account be better than individual?
Replies: 6
Views: 458

Re: Would a new joint account be better than individual?

Living Free wrote: Tue Mar 02, 2021 10:24 am Sure that sounds fine. We actually hold ours (edit: taxable and bank accounts) in a revocable trust which we can both access (but we have young children, so that's why - otherwise I'd just do it as a joint account).
by Living Free
Tue Mar 02, 2021 10:24 am
Forum: Personal Investments
Topic: Would a new joint account be better than individual?
Replies: 6
Views: 458

Re: Would a new joint account be better than individual?

Sure that sounds fine. We actually hold ours in a revocable trust which we can both access (but we have young children, so that's why - otherwise I'd just do it as a joint account).
by Living Free
Tue Mar 02, 2021 9:10 am
Forum: Personal Consumer Issues
Topic: Should I buy this 4Runner with my current situation?
Replies: 46
Views: 3401

Re: Should I buy this 4Runner with my current situation?

Thanks for this advice, I'm towing a 1200lb 13' Scamp liekly 6-10 times a year on multi-day trips. I basically save exactly 15% of my income for retirement in Roth/401k, I'm not the biggest saver anywhere else and try to find the right balance between living my life to the fullest and being financi...
by Living Free
Mon Mar 01, 2021 12:34 pm
Forum: Personal Consumer Issues
Topic: Should I buy this 4Runner with my current situation?
Replies: 46
Views: 3401

Re: Should I buy this 4Runner with my current situation?

How much does the trailer weight and how often will you tow it?
I do think spending $30-something grand on a vehicle is too much when one is not maxing out retirement accounts.
by Living Free
Sat Feb 27, 2021 8:38 am
Forum: Personal Consumer Issues
Topic: Which car to sell?
Replies: 16
Views: 1272

Re: Which car to sell?

I agree with above consensus to sell the nissan and keep the lexus.
by Living Free
Wed Feb 17, 2021 10:34 am
Forum: Personal Consumer Issues
Topic: Ski Socks
Replies: 23
Views: 1120

Re: Ski Socks

I've been wearing bombas calf length merino wool socks when snowboarding. I board in NH and VT (just NH this season due to covid) and don't use toe warmers. So they do the job for me.
by Living Free
Mon Feb 08, 2021 4:27 pm
Forum: Personal Investments
Topic: Critique My "Simplified" Portfolio
Replies: 5
Views: 595

Re: Critique My "Simplified" Portfolio

Too much small value for my taste. But I don't tilt at all (well, slight US tilt at 2/3rd US to 1/3 international). Considering one in the future not so much for returns but for diversification across factors. Haven't really decided on which factor yet.
by Living Free
Thu Feb 04, 2021 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: {SOLVED: REFI!} Are we crazy? (4.125% 30y mort, 22.67y left, no plan to refi)
Replies: 71
Views: 7663

Re: Are we crazy? (4.125% 30y mort, 22.67y left, no plan to refi)

A little bit, I think. You could prob pop into a 15 year at 2% and be at very similar monthly payments while shaving off 7 years of loan payments. I'm in TX too, just signed a 2% 15 year and *I got paid* $2500 vs paying anything. My neighbor just locked a rate yest at 2% 15 year where he was out of...
by Living Free
Tue Feb 02, 2021 8:10 am
Forum: Personal Investments
Topic: ITOT/IXUS vs VTI/VXUS & taxable question in Fidelity brokerage
Replies: 7
Views: 697

Re: ITOT/IXUS vs VTI/VXUS & taxable question in Fidelity brokerage

I finally opened a taxable account a couple days ago and I've gone over the board trying to figure the best, most tax efficient fund to put into it. I've come down to ITOT/IXUS or VTI/VXUS to put into my Fidelity brokerage account. For context, one pair will go in taxable and the other pair will go...
by Living Free
Tue Feb 02, 2021 8:04 am
Forum: Personal Investments
Topic: Appropriate target fund date for spousal age discrepancy?....
Replies: 18
Views: 1476

Re: Appropriate target fund date for spousal age discrepancy?....

Living free asked: Another question - if you have to take the RMDs and re-invest them, will you be doing so in a regular taxable brokerage account? Or will the spouse be able to invest all of their money into retirement accounts and then you can just live off the RMDs? I presume you'll start taking...
by Living Free
Mon Feb 01, 2021 5:10 pm
Forum: Personal Consumer Issues
Topic: Car Advice
Replies: 20
Views: 1763

Re: Car Advice

My wife and I own two cars at the moment. 2017 Mazda 6 worth around 12,500 with 40,000 miles and a 2015 Mazda CX-5 worth around 10,000 with 75,000 miles. We have two young kids. Our NW is low 7 figures. We are in our early 30s. Our 2015 is a little outdated for us and we want to upgrade. We would s...
by Living Free
Sun Jan 31, 2021 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Quality Of Life Change After Transitioning To Part Time?
Replies: 28
Views: 1699

Re: Quality Of Life Change After Transitioning To Part Time?

Are you able to try out the part time thing and see how it goes and if you don't like it go back to full time?
by Living Free
Sun Jan 31, 2021 12:43 pm
Forum: Personal Investments
Topic: Appropriate target fund date for spousal age discrepancy?....
Replies: 18
Views: 1476

Re: Appropriate target fund date for spousal age discrepancy?....

Hi - thanks for the replies. We will live off of my wife's income until she retires at age 65 in the year 2035. Of course, I'll have to do the RMD's but those funds will be immediately reinvested. In that case, I suppose I'd use the date when you'll start portfolio withdrawals, which would be you'r...
by Living Free
Sun Jan 31, 2021 11:17 am
Forum: Personal Investments
Topic: robinhood is getting sued - should i get my money out asap?
Replies: 103
Views: 8909

Re: robinhood is getting sued - should i get my money out asap?

Yes, I agree with above comments, transfer to another brokerage. I'm puzzled as to why anyone uses robinhood - seems like there are better options out there, including the big discount brokerages which all offer free trades now.
by Living Free
Sun Jan 31, 2021 11:12 am
Forum: Personal Investments
Topic: Appropriate target fund date for spousal age discrepancy?....
Replies: 18
Views: 1476

Re: Appropriate target fund date for spousal age discrepancy?....

Will you start withdrawing from your portfolio upon your retirement or will you just live off the spouse's income and wait until full retirement for both of you to begin portfolio withdrawals?
by Living Free
Thu Jan 28, 2021 10:24 am
Forum: Personal Consumer Issues
Topic: Should we afford a new Toyota Sequoia?
Replies: 90
Views: 5728

Re: Should we afford a new Toyota Sequoia?

OP, how heavy is your boat? It seems that the Odyssey has enough towing capacity to handle it right now, or you could use the highlander, is that correct? Only buy a vehicle with more towing capacity if you decide you're definitely buying the heavier boat. With 3 kids I'd certainly favor the minivan...
by Living Free
Wed Jan 20, 2021 8:49 am
Forum: Personal Investments
Topic: ETF vs Mutual Fund- Taxable Account
Replies: 10
Views: 918

Re: ETF vs Mutual Fund- Taxable Account

I can manage to fit the real estate funds into my IRAs and will avoid them completely for taxable monies. My time horizon is 10+, I believe I can continue to live primarily off of my pension during that period, with inflation eventually requiring me to supplement. So growth funds would be the most ...
by Living Free
Wed Jan 06, 2021 8:51 pm
Forum: Personal Investments
Topic: Back after 3 years- lost again
Replies: 13
Views: 4267

Re: Back after 3 years- lost again

Questions: 1) Should I be putting money in a Roth IRA? Yes, I would. If you can afford it then you can cash flow it; if not then spend down some of the taxable assets and contribute to the Roth (effectively moving money from taxable to Roth EDIT - if that wasn't clear I don't mean spend down the ta...
by Living Free
Wed Jan 06, 2021 8:45 pm
Forum: Personal Investments
Topic: Target date funds to index funds
Replies: 19
Views: 3092

Re: Target date funds to index funds

If I didn't have a taxable account I'd very strongly consider just using target date funds, especially if I had access to low cost target date funds in my workplace retirement account. Also your target date funds that you (and your wife) currently use are too expensive. At fidelity I'd recommend the...
by Living Free
Tue Jan 05, 2021 9:04 am
Forum: Personal Consumer Issues
Topic: ISP monopoly
Replies: 20
Views: 924

Re: ISP monopoly

I'm hoping starlink (elon musk's satellite internet) or 5G help provide competition even in areas only served by one monopoly monster telecom company with aggressive lobbying powers. I've also listed to the NPR podcast from planet money linked above and it's infuriating how poor internet access is i...
by Living Free
Mon Jan 04, 2021 10:06 am
Forum: Investing - Theory, News & General
Topic: Life Insurance
Replies: 26
Views: 1588

Re: Life Insurance

OK - agreed term life for a young adult. But now let's look at it from a different lens. I am 70 years old and invested 100% in stocks - all index funds. I have no bond investments. So what about a whole life policy for a retired person. Could it be considered similar to bond investment? I guess it...
by Living Free
Mon Jan 04, 2021 9:59 am
Forum: Personal Investments
Topic: Reorganize Finance
Replies: 9
Views: 749

Re: Reorganize Finance

Hi all, With this new year, we are giving our finance real hard look and trying to reorganize. Priorities are 1. Save enough for retirement 2. Save for Kids education ( 1 kid - 6 years away from college --11 year old currently). 3. Arrange money safely. Here is current scenarion. Total Gross income...
by Living Free
Wed Dec 30, 2020 12:59 pm
Forum: Investing - Theory, News & General
Topic: The Case Against 529's
Replies: 219
Views: 12526

Re: The Case Against 529's

I see a lot of information out there about how great 529's can be, but very little if any on what a bad idea I think they are. Here's my take on it" 1. You are forced to use the funds for education, otherwise 10% penalty AND you have to pay income tax on the growth (in a taxable count, you onl...
by Living Free
Wed Dec 30, 2020 12:53 pm
Forum: Personal Investments
Topic: Roth IRA $7,000 2021 Contribution
Replies: 9
Views: 1500

Re: Roth IRA $6,500 2021 Contribution

Where did you get the $6,500 figure? I thought it was still $6,000 if under age 50 and $7,000 if over.
Anyway VTI or VTSAX are fine options for a Roth IRA. I personally like the total world stock index fund, VTWAX (or its ETF equivalent VT) in Roth IRAs.
by Living Free
Tue Dec 22, 2020 2:00 pm
Forum: Investing - Theory, News & General
Topic: The Robinhood "videogame"
Replies: 163
Views: 17292

Re: The Robinhood "videogame"

Trading stocks/options in Robinhood goes against the Boglehead philosophy of 3 fund portfolio. However, I have been using it for the past 4 yrs mainly for stock trading and have averaged 30% return every year (higher than the S&P500). A wise man once said "diversification is for wealth ret...
by Living Free
Tue Dec 22, 2020 1:08 pm
Forum: Personal Investments
Topic: Vanguard Brokerage Backdoor Roth IRA
Replies: 18
Views: 1501

Re: Vanguard Brokerage Backdoor Roth IRA

In the long run it really doesn't matter. Who cares about a few cents in interest or that there is a one or two day delay on the ability to do the conversion? What effect will that have on your Roth balance in 30 years? The answer is academic. The practical answer is nothing significant enough to w...
by Living Free
Mon Dec 21, 2020 11:26 am
Forum: Personal Investments
Topic: Vanguard Brokerage Backdoor Roth IRA
Replies: 18
Views: 1501

Re: Vanguard Brokerage Backdoor Roth IRA

One more thing: By the same token, money that is available now and going to be use to contribute to a Roth IRA in the next tax year should just simply be invested in the same things that the Roth IRA is invested in right now and not in a money market fund or cash. That's because if there was no res...
by Living Free
Sat Dec 19, 2020 4:28 pm
Forum: Personal Investments
Topic: Vanguard Brokerage Backdoor Roth IRA
Replies: 18
Views: 1501

Re: Vanguard Brokerage Backdoor Roth IRA

One can convert any amount of money they want to from a traditional IRA to a Roth IRA nowadays. One is NOT limited to convert only one's contribution whether it is $100, $6,000, or $7,000. So in your traditional IRA brokerage account simply CONTRIBUTE to the same fund that you would transfer the mo...
by Living Free
Sat Dec 19, 2020 10:59 am
Forum: Personal Investments
Topic: Vanguard Brokerage Backdoor Roth IRA
Replies: 18
Views: 1501

Vanguard Brokerage Backdoor Roth IRA

Good Morning Fellow Bogleheads, I've done the backdoor Roth at Vanguard (brokerage Roth IRA account...) a few times now and am preparing for contributions in January 2021. In prior years I've run into the same issue other have had, which is that the funds are somehow not available/settled promptly i...