Search found 143 matches

by NBKCF
Sun Jan 10, 2021 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Saving/Investing for Young Child
Replies: 29
Views: 1890

Re: Saving/Investing for Young Child

Taxable brokerage account in your name. You pay the taxes on interest and capital gains. You keep control of the money in case the little darling isn't ready for the $$$. Vanguard S&P 500 Index or Vanguard Total Stock Market Index. Buy the ETF version if you don't have the $3K minium. Hey Felix...
by NBKCF
Thu Oct 22, 2020 6:44 am
Forum: Personal Consumer Issues
Topic: Ideal City to live in?
Replies: 160
Views: 11845

Re: Ideal City to live in?

My wife and I are both 37 years old and have jobs that allow us to work remotely indefinitely. We live in the Bay Area currently, and we love it, but the cost of living is very high here so I'd like to consider other areas. - We have our first child due in a month. - We have a pretty solid nest egg...
by NBKCF
Fri Jun 19, 2020 8:05 am
Forum: Personal Consumer Issues
Topic: New construction house - what to consider?
Replies: 161
Views: 10966

Re: New construction house - what to consider?

What is the big deal about cat6. I use a computer/internet for everything, streaming, gaming, work, and I have never desired have a hard-wired internet connection. I can't imagine this being a big deal for a regular user. I also usually use the lowest internet speed available too, which nowadays is...
by NBKCF
Wed Jun 17, 2020 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Assuming Responsibilities of Former Employee, Advice Needed
Replies: 6
Views: 942

Re: Assuming Responsibilities of Former Employee, Advice Needed

Asking to come back as a full 1.0 FTE while everyone else is a 0.8 is tricky. Would it truly just be you full time? Or is there a subset of co-workers that are also full time still? If the latter is true, then I would definitely consider requesting "un-furloughed". If the entire company i...
by NBKCF
Tue Jun 16, 2020 7:41 am
Forum: Personal Finance (Not Investing)
Topic: Assuming Responsibilities of Former Employee, Advice Needed
Replies: 6
Views: 942

Re: Assuming Responsibilities of Former Employee, Advice Needed

I would just do the work and not say anything until this crisis has passed. Once it has, if the backfill hasn't occurred or your comp hasn't been adjusted, you can have a conversation responsibly then. If you're unhappy, look for a position elsewhere and if you can get one, take it. Your manager wi...
by NBKCF
Mon Jun 15, 2020 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Assuming Responsibilities of Former Employee, Advice Needed
Replies: 6
Views: 942

Assuming Responsibilities of Former Employee, Advice Needed

I received a call from upper management today to rearrange some of my priorities due to an employee leaving the company. The details: Currently going to hand over some of my responsibilities to my direct manager to handle as I take on other responsibilities under another manager. So, on paper it wil...
by NBKCF
Sat Jun 06, 2020 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Saving/Investing for Young Child
Replies: 29
Views: 1890

Re: Saving/Investing for Young Child

DW and I currently put all money given to our child in our HYSA with it earmarked as our child's. We want make sure we set him up the best we can so we want to make sure we are not missing any opportunities. Should he have his own HYSA? CD? Should we/can we open an investment account for him? Perha...
by NBKCF
Fri Jun 05, 2020 7:44 pm
Forum: Personal Investments
Topic: Portfolio Review, Recommendations Welcome
Replies: 8
Views: 615

Re: Portfolio Review, Recommendations Welcome

Duckie wrote: Fri Jun 05, 2020 6:41 pm
Using either individual funds or target-date funds is fine at this stage.
Thank you! At what stage should I consider moving to a 3-fund?
by NBKCF
Fri Jun 05, 2020 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Saving/Investing for Young Child
Replies: 29
Views: 1890

Re: Saving/Investing for Young Child

Why are people giving the child money for "saving" with no expressed interest as to what it is for? What are you thinking as to the actual use of this money (eventually)? House? Car? Candy? What's the child's age? It could be offensive to ask their motives for generosity so I will chalk i...
by NBKCF
Fri Jun 05, 2020 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Saving/Investing for Young Child
Replies: 29
Views: 1890

Re: Saving/Investing for Young Child

Thank you everyone for your input. I figured since his 529 is invested in the market then there is not much harm in trying that with his gifted money as well to let compounding do it's work. I also have not heard of UTMA accounts so that is good information to research.
by NBKCF
Fri Jun 05, 2020 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Saving/Investing for Young Child
Replies: 29
Views: 1890

Re: Saving/Investing for Young Child

Why are people giving the child money for "saving" with no expressed interest as to what it is for? What are you thinking as to the actual use of this money (eventually)? House? Car? Candy? What's the child's age? It could be offensive to ask their motives for generosity so I will chalk i...
by NBKCF
Fri Jun 05, 2020 9:53 am
Forum: Personal Investments
Topic: Portfolio Review, Recommendations Welcome
Replies: 8
Views: 615

Re: Portfolio Review, Recommendations Welcome

VANG TOT BD MKT INST (VBTIX) 12/11/1986 Bond/Managed Income 0.035% No additional fees apply. I think target date funds are a great choice. You get all the re-balancing done for you. They are a complete portfolio in one fund. Since you're holding all stock in the Roth IRA (which is good), you may wa...
by NBKCF
Fri Jun 05, 2020 9:07 am
Forum: Personal Investments
Topic: Portfolio Review, Recommendations Welcome
Replies: 8
Views: 615

Re: Portfolio Review, Recommendations Welcome

Your list of plan funds is incomplete as it does not include the one you hold. Please do not just post ticker symbols for your holdings. We shouldn’t have to go look up the name for you. Also you said DW is part of the max out plan for 401(k). Does she have the same investment choices? Good job in ...
by NBKCF
Fri Jun 05, 2020 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Saving/Investing for Young Child
Replies: 29
Views: 1890

Saving/Investing for Young Child

DW and I currently put all money given to our child in our HYSA with it earmarked as our child's. We want make sure we set him up the best we can so we want to make sure we are not missing any opportunities. Should he have his own HYSA? CD? Should we/can we open an investment account for him? Perhap...
by NBKCF
Fri Jun 05, 2020 8:50 am
Forum: Personal Investments
Topic: Portfolio Review, Recommendations Welcome
Replies: 8
Views: 615

Portfolio Review, Recommendations Welcome

My current portfolio sits at: $105k in Fidelity Freedom Index 2055 Fund (FFLDX), company traditional 401k @ 0.08% ER $38k in Fidelity Total Market Index Fund (FSKAX), my Roth IRA $63k cash, $40k in CDs and remaining in HYSA Seeing that I am using a target date fund and an index mutual, is there any ...
by NBKCF
Tue May 12, 2020 7:32 pm
Forum: Personal Investments
Topic: How to adjust for inflation in retirement planning?
Replies: 19
Views: 1219

Re: How to adjust for inflation in retirement planning?

Off topic-ish, but I think this might help answer my question regarding real/nominal. When I review my portfolio's performance on Fidelity in 2019 I see a growth of 23.66%. This growth is (2019 Ending Value - 2019 Beginning Value - 2019 Contributions)/(2019 Beginning Value). This return is considere...
by NBKCF
Tue May 05, 2020 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Score Dropping 2020
Replies: 17
Views: 2573

Re: Credit Score Dropping 2020

My score also saw a 19 point drop in January due to the above mentioned changes in score calculation (which do not favor me due to length of history). The score has never been an issue for me, but this thread made me think to check it for the first time since Jan, and it has recovered the 19 points...
by NBKCF
Sat May 02, 2020 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Present Value for Retirement Withdrawals Seems Awfully Low
Replies: 21
Views: 2324

Re: Present Value for Retirement Withdrawals Seems Awfully Low

...should I want to use 3.7% (the 60-year average inflation) then I should up my expected interest rate proportionally. What is your source for 3.7% average inflation over 60 years? A few Google searches which of course now show 3.2%. Go figure. The present value of a 4% withdrawal (32 years from n...
by NBKCF
Sat May 02, 2020 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Score Dropping 2020
Replies: 17
Views: 2573

Re: Credit Score Dropping 2020

Thank you everyone for the replies. I will see if it will settle over the next couple of months. All I am doing is reducing my debts so maybe it looking back a few years at a higher utilization is the reason for the downtick.
by NBKCF
Sat May 02, 2020 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Credit Score Dropping 2020
Replies: 17
Views: 2573

Credit Score Dropping 2020

Is anyone else's credit score dropping? Since January 2020, my score has dropped ~30 points. I have not pulled a loan in the past 2 years and always pay full and early on my credit cards. Only debt is Auto and Home (each 3+ years into payments with none missed). Is something happening behind the sce...
by NBKCF
Sat May 02, 2020 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Present Value for Retirement Withdrawals Seems Awfully Low
Replies: 21
Views: 2324

Re: Present Value for Retirement Withdrawals Seems Awfully Low

during the 30th year you'll be broke your draw in the 30th year exceeds that year's starting portfolio value so you might squeeze about 8 mos out of that last year, say 29.67 years obviously that return can't support that real draw, btw it's not based on $s Good point on it not being based on dolla...
by NBKCF
Fri May 01, 2020 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Unemployment Eligibility in South Carolina
Replies: 4
Views: 455

Re: Unemployment Eligibility in South Carolina

Benefits Eligibility Requirements page of SC UI website: These requirements are a general guideline, and the outcome of your claim depends on your specific situation. 1. You’re unemployed. (If you currently work less than full time due to being out of work and earn less than your weekly benefit amo...
by NBKCF
Fri May 01, 2020 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Unemployment Eligibility in South Carolina
Replies: 4
Views: 455

Re: Unemployment Eligibility in South Carolina

I don't know about your specific state but here in California any income you make is subtracted from the weekly benefit amount, the max weekly benefit amount here in CA is $450, so if my new reduced income were $500/week I would not be getting any unemployment at all. Seems to be the same here. Max...
by NBKCF
Fri May 01, 2020 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Unemployment Eligibility in South Carolina
Replies: 4
Views: 455

Unemployment Eligibility in South Carolina

Is any BH familiar with SC's laws? I am hearing and reading mixed information. My situation has our staff's hours reduced to 32 hours per week and thus salary reduced 20% as well. Is there any reason I would be excluded for unemployment benefits? I hear if one makes more than $326/week (and I do) th...
by NBKCF
Thu Apr 30, 2020 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Present Value for Retirement Withdrawals Seems Awfully Low
Replies: 21
Views: 2324

Re: Present Value for Retirement Withdrawals Seems Awfully Low

I find it a lot easier to plan in current dollars. Simultaneously predicting inflation and nominal return rates is way too complex for me. I agree and I do the same. The only time I calculate inflation is during retirement. So, I calculate what I expect my portfolio to be and what buying power it h...
by NBKCF
Wed Apr 29, 2020 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Present Value for Retirement Withdrawals Seems Awfully Low
Replies: 21
Views: 2324

Re: Present Value for Retirement Withdrawals Seems Awfully Low

You are assuming only 1.3% real returns on an aggressive portfolio (5% returns but 3.7% inflation); this is the reason that the portfolio is running out more quickly than expected. If inflation is 3.7%, I would expect a conservative portfolio to return close to 5%, since bond yields will be much hi...
by NBKCF
Tue Apr 28, 2020 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Present Value for Retirement Withdrawals Seems Awfully Low
Replies: 21
Views: 2324

Re: Present Value for Retirement Withdrawals Seems Awfully Low

Using a different calculator and factoring in a conservative amount of social security, I anticipate your retirement income to be $40,000 in today's dollars. EDIT: I've made a small adjustment to the age used in that previous calculation, which results in you receiving less social security. I antic...
by NBKCF
Tue Apr 28, 2020 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Present Value for Retirement Withdrawals Seems Awfully Low
Replies: 21
Views: 2324

Present Value for Retirement Withdrawals Seems Awfully Low

Can someone check me on this. Scenario: Expecting a 2.5MM portfolio 32 years from now Expecting portfolio interest rate in retirement of 5% Inflation set to 3.7% during retirement years At 4% withdrawal rate and including inflation my portfolio runs out in 28 years. Is that correct? The present valu...
by NBKCF
Wed Apr 15, 2020 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Salary Deferral Amongst CoVid
Replies: 11
Views: 1554

Re: Salary Deferral Amongst CoVid

My thought is that once the economic calamity all blows over (in a month? In 5 years?) Id do everything in my power to leave that company. Senior Leadership telling all employees “feel free to take a voluntary pay cut” sounds like an attempt to play mind games with everyone. If they need to cut pay...
by NBKCF
Wed Apr 15, 2020 10:58 am
Forum: Personal Consumer Issues
Topic: Diminished Value
Replies: 7
Views: 668

Re: Diminished Value

A car that was accident and repaired back to new still incurs several thousands of dollars of Diminished Value. How does one get better trade-in values? And has anyone successfully processed a Diminished Value Claim? https://www.thebalance.com/diminished-car-value-after-accident-2645571 Here's my e...
by NBKCF
Tue Apr 14, 2020 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: Salary Deferral Amongst CoVid
Replies: 11
Views: 1554

Re: Salary Deferral Amongst CoVid

Bird in hand... I assume company bankruptcy is a risk. Maybe a very small risk, but why take the chance? I agree. Perhaps this is a test? I would do it if I believe the company is experiencing an existential crisis where cuts are going to be made. Probably, cuts will happen, and it's just a matter ...
by NBKCF
Tue Apr 14, 2020 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Salary Deferral Amongst CoVid
Replies: 11
Views: 1554

Salary Deferral Amongst CoVid

My company made a unanimous decision a few weeks ago for senior management to defer 20% of their salary to improve cashflow during this pandemic. They just announced a voluntary salary deferral of 10% for the remaining workforce. This announcement caught my attention and has me thinking: As of now, ...
by NBKCF
Wed Mar 18, 2020 6:28 pm
Forum: Personal Investments
Topic: A Little Confused if I Should be Taking More Action
Replies: 16
Views: 1591

Re: A Little Confused if I Should be Taking More Action

I am not under the impression this is the bottom and that now is the time to buy more Then why are you asking? :happy Good question. Was just curious if I was missing something obvious during these times. My current scenario has me contributing to my company 401k bi-monthly and funding $500 to my R...
by NBKCF
Wed Mar 18, 2020 8:26 am
Forum: Personal Investments
Topic: A Little Confused if I Should be Taking More Action
Replies: 16
Views: 1591

A Little Confused if I Should be Taking More Action

My current scenario has me contributing to my company 401k bi-monthly and funding $500 to my Roth IRA once a month. I have protected some of my cash by getting several CD's so I am good with my current cash on hand and EF. Would now be a good time to up my 401k contributions? I could fully fund my R...
by NBKCF
Tue Mar 17, 2020 7:40 am
Forum: Personal Investments
Topic: The Black Swan is Here
Replies: 164
Views: 19702

Re: The Black Swan is Here

What annoys me about this swan is I felt like I could see it coming from a good distance away. Staying the course really led me strait into an iceberg. My defense strategy is that I still have the benefit of time. Hope you weren't 100% equity. TravelforFun TravelforFun, Can you elaborate on this? I...
by NBKCF
Mon Mar 16, 2020 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Ally 1% bonus, up to $250, sign up by 3/23
Replies: 252
Views: 24044

Re: Ally 1% bonus, up to $250

Does anyone know if my scenario makes me eligible? Moved 7k last Tuesday from outside bank and it posted on 3/13 on Ally Moved 6k this morning to Ally, won't post for ~3 days Just saw this thread and signed up for the offer Are both deposits eligible? Or just the 6k? Or did signing up after I initi...
by NBKCF
Sun Mar 15, 2020 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Ally 1% bonus, up to $250, sign up by 3/23
Replies: 252
Views: 24044

Re: Ally 1% bonus, up to $250

Does anyone know if my scenario makes me eligible? Moved 7k last Tuesday from outside bank and it posted on 3/13 on Ally Moved 6k this morning to Ally, won't post for ~3 days Just saw this thread and signed up for the offer Are both deposits eligible? Or just the 6k? Or did signing up after I initia...
by NBKCF
Fri Mar 06, 2020 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Purchasing Ally CD: Is this smart?
Replies: 36
Views: 3247

Re: Purchasing Ally CD: Is this smart?

Hopefully the OP got CDs opened. Ally Bank dropped their CD rates... The OP should act ASAP as the APYs for 12-month and 13-month CDs just dropped to: 1.75% for 12-month and 2.00% for 13-month. The good news is that the APYs for NP CDs remain unchanged at 1.65% / 1.85% / 1.90%. Took care of it last...
by NBKCF
Fri Mar 06, 2020 8:25 am
Forum: Personal Finance (Not Investing)
Topic: Purchasing Ally CD: Is this smart?
Replies: 36
Views: 3247

Re: Purchasing Ally CD: Is this smart?

Hopefully the OP got CDs opened. Ally Bank dropped their CD rates... The OP should act ASAP as the APYs for 12-month and 13-month CDs just dropped to: 1.75% for 12-month and 2.00% for 13-month. The good news is that the APYs for NP CDs remain unchanged at 1.65% / 1.85% / 1.90%. Took care of it last...
by NBKCF
Thu Mar 05, 2020 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing Ally CD: Is this smart?
Replies: 36
Views: 3247

Re: Purchasing Ally CD: Is this smart?

I just got this email too. Impeccable timing and thanks for the heads up. I am converting to CD's tonight. I am getting this error tonight when trying to open a new account: Request cannot be processed We're unable to process your request at this time. Please call us 24/7 at 1-877-247-2559 for help...
by NBKCF
Thu Mar 05, 2020 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing Ally CD: Is this smart?
Replies: 36
Views: 3247

Re: Purchasing Ally CD: Is this smart?

This seems like a great idea and is a good rate. My advice is to double check how many transitions per cycle you can make from your Ally savings account. I can make 6 transactions from my online savings account per cycle. Please check your account info online to determine if you have any restrictio...
by NBKCF
Thu Mar 05, 2020 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing Ally CD: Is this smart?
Replies: 36
Views: 3247

Re: Purchasing Ally CD: Is this smart?

Here is what I would do: 1. Keep one month of cash in the online savings 2. Put $25K into a 1.9% no penalty CD at Ally (can withdraw later if needed) 3. Put the approx.$10K left into a 2.1% 13 month select CD at Ally. (worst case 60 day penalty) I would not put the whole thing into a 2.0% 12 month....
by NBKCF
Thu Mar 05, 2020 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Purchasing Ally CD: Is this smart?
Replies: 36
Views: 3247

Purchasing Ally CD: Is this smart?

I keep my E-Fund in Ally's Online Savings which is currently at 1.6%. I think we are all under the impression this will likely drop in the coming weeks which got me thinking. I currently have $40k in the account which covers ~6 months of expenses. I am mentally okay parting with $20k to put in a 12-...
by NBKCF
Wed Feb 26, 2020 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: Considerations of Leaving MegaCorp
Replies: 13
Views: 1545

Re: Considerations of Leaving MegaCorp

Everyone, Thank you for the prompt responses. I had my share of reservations and they seem validated. What industry? I work for a megacorp high tech company and I often see successful sales people moving to smaller companies only to try to return within 6 months (they will need to re-interview.) The...
by NBKCF
Wed Feb 26, 2020 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Considerations of Leaving MegaCorp
Replies: 13
Views: 1545

Considerations of Leaving MegaCorp

I was approached by a fellow vendor for employment at his company taking on a national role in Sales. His company is less than 50 employees so it lacks benefits of my current MegaCorp. Does anyone have any considerations I should be privy to when considering employment? Few things: Currently getting...
by NBKCF
Mon Oct 14, 2019 8:11 pm
Forum: Personal Investments
Topic: How do you calculate your return?
Replies: 5
Views: 676

How do you calculate your return?

I am curious how you all calculate your returns. For instance: Say I deposit $100 this week into an account with $1,000 The following week my account is $1,090, is that a 9% increase or a 0.9% decrease? I track my investments weekly (I know, I like the exercise) and want to know if the deposits shou...
by NBKCF
Thu Jul 18, 2019 11:01 am
Forum: Personal Consumer Issues
Topic: Apple Watch Worth The $$$?
Replies: 41
Views: 4826

Re: Apple Watch Worth The $$$?

OP, Heed the advice of others. If you buy it with the intention of returning it you will keep it. I was hesitant to buy one and now I will likely not go without it. I enjoy being able to see notifications as they come through and only responding to the urgent ones. Series 4 has “raise to talk” so wh...
by NBKCF
Fri Jul 12, 2019 2:09 pm
Forum: Personal Consumer Issues
Topic: Should I Buy a Motorcycle?
Replies: 59
Views: 3863

Re: Should I Buy a Motorcycle?

One day I had a friend tell me there were two kinds of motorcyclists; those who had crashed, and those who were going to. I laughed it off. After all, I’d been riding since a very young age, rode responsibly and really felt it wouldn’t happen to me. Then one day, I had a car turn left in front of m...
by NBKCF
Fri Jul 12, 2019 6:36 am
Forum: Personal Consumer Issues
Topic: Should I Buy a Motorcycle?
Replies: 59
Views: 3863

Re: Should I Buy a Motorcycle?

First motorcycle/riding? If so, consider used if you have to scratch the itch. Cheaper and less financial impact. Be sure to review insurance rates too in your area. They can be shocking.

My vote is now is not the time.
by NBKCF
Wed Jul 10, 2019 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Withdrawal Math Verification Needed
Replies: 20
Views: 2086

Re: Retirement Withdrawal Math Verification Needed

IMHO at your age you are far from needing to think about the question you have asked. You can't even know you will have that much capital by that age let alone how long it will last. Right now just think about stashing as much as you can into various retirement plans and an appropriate asset alloca...