Search found 1055 matches

by justsomeguy2018
Sun May 24, 2020 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: New Tires or New Car?
Replies: 34
Views: 1225

Re: New Tires or New Car?

I think what I will likely do is replace all the tires with a low to mid-range priced tire set with the intention of only keeping the car maybe another 2 or 3 years...
by justsomeguy2018
Sun May 24, 2020 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: New Tires or New Car?
Replies: 34
Views: 1225

Re: New Tires or New Car?

The tires are about 8 years old. Tires age, don't only wear out. Google for tires getting old. I would seriously consider buying a new set, but maybe at a somewhat lower cost if possible. Did I miss the part where OP said the tires were eight years old or original to the vehicle? He has 68,000 mile...
by justsomeguy2018
Sun May 24, 2020 11:59 am
Forum: Personal Finance (Not Investing)
Topic: New Tires or New Car?
Replies: 34
Views: 1225

Re: New Tires or New Car?

I would just replace them all for $1k. Tires are probably the most important aspect of your vehicle, followed by the driver and then vehicle itself. Question: That price is for a good set of tires. If I don't plan on keeping this car long anyway, does it make sense to get the budget tires instead? ...
by justsomeguy2018
Sun May 24, 2020 11:57 am
Forum: Personal Finance (Not Investing)
Topic: New Tires or New Car?
Replies: 34
Views: 1225

Re: New Tires or New Car?

You may also want to look at what the new tread depth is for the brand and model of tire that is currently on your vehicle. It appears that you can replace a single tire of an AWD vehicle if the tread depth difference is no more than 3/32" between the existing tires and the new tire. New tires are ...
by justsomeguy2018
Sun May 24, 2020 11:16 am
Forum: Personal Finance (Not Investing)
Topic: New Tires or New Car?
Replies: 34
Views: 1225

Re: New Tires or New Car?

Does the car have a full size spare? If so leave the spare on the car and purchase a cheaper new spare, or get one used for the spare. Then get rid of the vehicle. If it doesn't have a full size spare replace it with a cheap new or used tire and trade the car in. Perhaps try to trade it in as is wi...
by justsomeguy2018
Sun May 24, 2020 11:12 am
Forum: Personal Finance (Not Investing)
Topic: New Tires or New Car?
Replies: 34
Views: 1225

Re: New Tires or New Car?

You were evasive about the type of car it is which often suggests that there is more to the story. What type of car is it? That could be important. Another option would be to buy one tire of the same brand, model and size as the three good tires. Have a tire shop shave the tread so the new tire tre...
by justsomeguy2018
Sun May 24, 2020 11:08 am
Forum: Personal Finance (Not Investing)
Topic: New Tires or New Car?
Replies: 34
Views: 1225

Re: New Tires or New Car?

Nate79 wrote:
Sun May 24, 2020 10:56 am
What is the car model?
Land Rover
by justsomeguy2018
Sun May 24, 2020 11:07 am
Forum: Personal Finance (Not Investing)
Topic: New Tires or New Car?
Replies: 34
Views: 1225

Re: New Tires or New Car?

runner3081 wrote:
Sun May 24, 2020 10:57 am
Nate79 wrote:
Sun May 24, 2020 10:56 am
What is the car model?
I am going to take a wild guess that this is a BMW X5... Or maybe a Cayenne or Land Rover :)
Bingo. Land Rover.
by justsomeguy2018
Sun May 24, 2020 10:36 am
Forum: Personal Finance (Not Investing)
Topic: New Tires or New Car?
Replies: 34
Views: 1225

New Tires or New Car?

One single tire on 2013 68k mileage AWD vehicle has to be replaced, so really all 4 tires have to be replaced bc it is AWD. Estimated cost $1000-$1200? Tires have 7/32" tread, so maybe about 3 years of life left (don't drive it much). The tires need to be replaced for sure because the car is not saf...
by justsomeguy2018
Sun May 24, 2020 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Worried about sibling financial future
Replies: 13
Views: 1830

Re: Worried about sibling financial future

The most important thing is to simply love your brother the best way you can and feel comfortable with. I recognize and appreciate that people often feel an obligation (whether by their own expectations or under the potential pressure of others / society) to provide some type of financial support t...
by justsomeguy2018
Sat May 23, 2020 11:27 pm
Forum: Personal Finance (Not Investing)
Topic: Worried about sibling financial future
Replies: 13
Views: 1830

Worried about sibling financial future

Maybe some BHs have similar situation.... I have one older sibling, early 40s, married 20+ years. Still lives in same small-ish town we grew up in. Honestly, I am not really close to this sibling. Only communication would be during the holidays, or maybe the occasional happy birthday text. I apologi...
by justsomeguy2018
Sat May 23, 2020 10:33 pm
Forum: Personal Investments
Topic: What to do with cash?
Replies: 29
Views: 3899

Re: What to do with cash?

I was gonna spend roughly 48k in cash on a car purchase that fell through over the last month. I'm not entirely sure if another one will come across anytime soon and the process of buying a car is pretty draining for what I'm looking for. Kind of shot myself in the foot wishing I could have investe...
by justsomeguy2018
Thu May 21, 2020 6:21 pm
Forum: Personal Investments
Topic: What to do with cash?
Replies: 29
Views: 3899

Re: What to do with cash?

I was gonna spend roughly 48k in cash on a car purchase that fell through over the last month. I'm not entirely sure if another one will come across anytime soon and the process of buying a car is pretty draining for what I'm looking for. Kind of shot myself in the foot wishing I could have investe...
by justsomeguy2018
Thu May 21, 2020 4:04 pm
Forum: Personal Investments
Topic: Can a 529 that's lost money still be 10% penalized?
Replies: 4
Views: 944

Re: Can a 529 that's lost money still be 10% penalized?

Furthermore, my spouse withdrew all the money from two 529 plans she owned at a loss and took a tax deduction years ago. Tax laws have changed to make that more difficult. Just clarify, the the TCJA eliminated all miscellaneous deductions subject to the 2% floor starting in 2018. The deduction for ...
by justsomeguy2018
Thu May 21, 2020 12:01 am
Forum: Personal Investments
Topic: Advice for 22 year old on investing for home downpayment?
Replies: 29
Views: 1782

Re: Advice for 22 year old on investing for home downpayment?

Thank you everyone for all of your responses - the responses in this forum have changed my perspective on investing for a downpayment. From many of the responses, I gather that I should not worry about allocating savings to a downpayment fund for at least the next few years if I am not planning on ...
by justsomeguy2018
Wed May 20, 2020 10:49 pm
Forum: Personal Investments
Topic: Can a 529 that's lost money still be 10% penalized?
Replies: 4
Views: 944

Can a 529 that's lost money still be 10% penalized?

Hypothetical: You have a BH 2 fund portfolio in a 529. Bond fund has a gain, stock fund has a loss - but overall, the fund is in the red (no earnings overall). If you had to withdraw the money for non-educational expenses, is there still a 10% penalty/taxes due? Since technically there are no earnin...
by justsomeguy2018
Mon May 18, 2020 9:33 am
Forum: Personal Investments
Topic: Invest in Taxable or Pay Down Mortgage?
Replies: 7
Views: 736

Re: Invest in Taxable or Pay Down Mortgage?

FiveK wrote:
Sun May 17, 2020 11:13 pm
justsomeguy2018 wrote:
Sun May 17, 2020 10:18 pm
Does it make sense to beef up the taxable portfolio vs. pay down 3.5% mortgage, given these parameters?
Invest or pay down mortgage - Bogleheads.org has some pertinent discussion.
Interesting - almost identical to my question/situation, ha.
by justsomeguy2018
Mon May 18, 2020 9:29 am
Forum: Personal Investments
Topic: Invest in Taxable or Pay Down Mortgage?
Replies: 7
Views: 736

Re: Invest in Taxable or Pay Down Mortgage?

The taxable brokerage portion of my portfolio is pretty tiny. Only 4% of total portfolio. I feel like I should beef it up, for increased flexibility in regards to retirement planning/tax planning. Plus I like its liquidity. That's not quite the way to look at taxable investing. One should put money...
by justsomeguy2018
Sun May 17, 2020 10:18 pm
Forum: Personal Investments
Topic: Invest in Taxable or Pay Down Mortgage?
Replies: 7
Views: 736

Invest in Taxable or Pay Down Mortgage?

The taxable brokerage portion of my portfolio is pretty tiny. Only 4% of total portfolio. I feel like I should beef it up, for increased flexibility in regards to retirement planning/tax planning. Plus I like its liquidity. All of our 401k, HSA, backdoor Roths are already being maxed out. So this is...
by justsomeguy2018
Sun May 17, 2020 1:09 pm
Forum: Personal Investments
Topic: 1st taxable account... better tax efficiency (ETFs) vs lower expense ratio (mutual funds)
Replies: 8
Views: 524

Re: 1st taxable account... better tax efficiency (ETFs) vs lower expense ratio (mutual funds)

I am planning on setting up my 1st taxable acct with Fidelity (for convenience, all my other accounts there). It will contain long term holdings of Total US and Total INT for the next 10-30+ years (other assets in maxed out tax protected accounts). I understand mutual fund vs respective ETF's is a ...
by justsomeguy2018
Sat May 16, 2020 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Do you need to worry about receiving college financial aid in 15 years if...
Replies: 28
Views: 2344

Re: Do you need to worry about receiving college financial aid in 15 years if...

or in other, other words - is college financial aid probably a non-starter if you are a high earner/have a lot of assets by the time child applies to college? Where you have your assets can also matter. Some colleges are getting more sophisticated in looking at a parents assets but when I went thro...
by justsomeguy2018
Sat May 16, 2020 3:00 pm
Forum: Personal Investments
Topic: Can I open 2 529 plans in different states with me as the owner and my son as the beneficiary on both of them?
Replies: 12
Views: 931

Re: Can I open 2 529 plans in different states with me as the owner and my son as the beneficiary on both of them?

My thinking was to (and happy to be corrected): (1) invest in different available fund mixes that have had a good track record, and (2) (in the admittedly unlikely case) if the balance plus earnings value reaches the maximum allowed limit for one of the 529 plans, divide the contributions across tw...
by justsomeguy2018
Sat May 16, 2020 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Is there any advantage/disadvantage to both spouses having a 529 account?
Replies: 7
Views: 680

Is there any advantage/disadvantage to both spouses having a 529 account?

The current 529 plan we have is in my login and tied to me personally as the custodian (child as beneficary). My wife is listed as successor of the account (should I die). Is there any advantage or disadvantage to my wife also opening up one, with her as the custodian? I have a few I can think of (f...
by justsomeguy2018
Sat May 16, 2020 10:32 am
Forum: Personal Investments
Topic: Dependent Care FSA or After-tax megabackdoor Roth investing?
Replies: 11
Views: 403

Re: Dependent Care FSA or After-tax megabackdoor Roth investing?

One consideration is that if you don't do the FSA you still get Dependent Care Credit which is not quite but almost as good. That said, I am not sure why you can't do both since you get the money from the DC-FSA back and you have to pay for childcare in either case. I don't think you can double dip...
by justsomeguy2018
Fri May 15, 2020 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Do you need to worry about receiving college financial aid in 15 years if...
Replies: 28
Views: 2344

Do you need to worry about receiving college financial aid in 15 years if...

you expect to have fairly substantial income and assets at that time? in other words - how much should expected college financial aid plan factor into your planning, if you have a lot of income/assets (e.g. choosing between UTMA vs 529 vs taxable money, retirement accounts/home value counting toward...
by justsomeguy2018
Fri May 15, 2020 9:49 pm
Forum: Personal Investments
Topic: Can I open 2 529 plans in different states with me as the owner and my son as the beneficiary on both of them?
Replies: 12
Views: 931

Re: Can I open 2 529 plans in different states with me as the owner and my son as the beneficiary on both of them?

As a new father, college savings is one of the things that I have been spending a lot of time thinking about lately, given the ever-increasing costs of higher education. I have started reading up on the different 529 plan options available by state, and have narrowed my choices down to Utah's my529...
by justsomeguy2018
Fri May 15, 2020 9:46 pm
Forum: Personal Investments
Topic: Dependent Care FSA or After-tax megabackdoor Roth investing?
Replies: 11
Views: 403

Re: Dependent Care FSA or After-tax megabackdoor Roth investing?

One consideration is that if you don't do the FSA you still get Dependent Care Credit which is not quite but almost as good. That said, I am not sure why you can't do both since you get the money from the DC-FSA back and you have to pay for childcare in either case. I don't think you can double dip...
by justsomeguy2018
Fri May 15, 2020 9:42 pm
Forum: Personal Investments
Topic: Please tell me I'm not crazy [Best way to manage an EF?]
Replies: 171
Views: 10351

Re: Please tell me I'm not crazy

Can't do it, sorry. Happy wife, happy life. The gains on 2-months'-worth of living expenses isn't worth an argument with my wife. If she likes the "6 months" number then keep 6 months' out of the market for your rainy day fund. Or maybe you both could compromise and hold 5 months'. Do you have to s...
by justsomeguy2018
Fri May 15, 2020 9:38 pm
Forum: Personal Investments
Topic: Stop me from market timing!
Replies: 36
Views: 2458

Re: Stop me from market timing!

With all that's going on, I'm having a tough time keeping my mind from wandering into thoughts of market timing. A part of me keeps thinking this time will be different . Every new update (record-setting stimulus packages, employment rates, etc.) makes me think I should be exiting the market now an...
by justsomeguy2018
Fri May 15, 2020 9:33 pm
Forum: Personal Investments
Topic: Dependent Care FSA or After-tax megabackdoor Roth investing?
Replies: 11
Views: 403

Re: Dependent Care FSA or After-tax megabackdoor Roth investing?

The two are independent. If you don't put money in the Dependent Care FSA, you don't have any more money to put into your 401(k) (in order to mega backdoor Roth it), since you have to use your salary to pay the dependent care provider. This is generally true, but really you get that DC-FSA money ba...
by justsomeguy2018
Fri May 15, 2020 9:31 pm
Forum: Personal Investments
Topic: Dependent Care FSA or After-tax megabackdoor Roth investing?
Replies: 11
Views: 403

Re: Dependent Care FSA or After-tax megabackdoor Roth investing?

One consideration is that if you don't do the FSA you still get Dependent Care Credit which is not quite but almost as good. That said, I am not sure why you can't do both since you get the money from the DC-FSA back and you have to pay for childcare in either case. I don't think you can double dip...
by justsomeguy2018
Fri May 15, 2020 7:58 pm
Forum: Personal Investments
Topic: Dependent Care FSA or After-tax megabackdoor Roth investing?
Replies: 11
Views: 403

Dependent Care FSA or After-tax megabackdoor Roth investing?

You can contribute up to $5k a year to a Dependent Care FSA and deduct the money from your federal taxes and payroll taxes (I believe). For me that would be a savings of 24% + the payroll tax.

Is that a better deal than contributing $5k a year to after-tax megabackdoor Roth?
by justsomeguy2018
Fri May 15, 2020 12:23 am
Forum: Personal Investments
Topic: Excess money in taxable vs 529?
Replies: 23
Views: 1484

Re: Excess money in taxable vs 529?

Edit: I guess a 3rd option could be mortgage principal paydown. Compare the return on that to low-risk, long-term bonds. If you have ten years left on your 3% mortgage, and you make an extra payment, you will get that money back in ten years with 3% interest, just as if you had bought a ten-year bo...
by justsomeguy2018
Thu May 14, 2020 6:14 pm
Forum: Personal Investments
Topic: Excess money in taxable vs 529?
Replies: 23
Views: 1484

Re: Excess money in taxable vs 529?

Similar situation. No State tax benefit. We're leaning towards a lump sum 529 contribution equivalent to 4yrs of current in-state tuition and letting it ride. We had been thinking of foregoing a 529 and doing taxable. The inflexibility of a 529, unknown future of college or our kids aspirations all...
by justsomeguy2018
Thu May 14, 2020 6:05 pm
Forum: Personal Investments
Topic: Excess money in taxable vs 529?
Replies: 23
Views: 1484

Re: Excess money in taxable vs 529?

I over saved in a 529. Of course, I could have undersaved if my child went to a full pay private school. But as it stands, I am unhappy with the limitations of a 529. Not only are the funds limited but so are the trades. The fine print allows just two trades a year (Nevada Upromise 529 with SSGA). ...
by justsomeguy2018
Wed May 13, 2020 9:15 pm
Forum: Personal Investments
Topic: Excess money in taxable vs 529?
Replies: 23
Views: 1484

Re: Excess money in taxable vs 529?

I over saved in a 529. Of course, I could have undersaved if my child went to a full pay private school. But as it stands, I am unhappy with the limitations of a 529. Not only are the funds limited but so are the trades. The fine print allows just two trades a year (Nevada Upromise 529 with SSGA). ...
by justsomeguy2018
Wed May 13, 2020 7:23 pm
Forum: Personal Investments
Topic: Excess money in taxable vs 529?
Replies: 23
Views: 1484

Excess money in taxable vs 529?

If you have a young infant, would it be better to put money into a 529 right now or a taxable account? Obviously the 529 delivers tax free growth (presumably, unless market doesn't grow next 18 years), but the funds are limited to a very specific purpose (and who knows what college looks like 18 yea...
by justsomeguy2018
Wed May 13, 2020 6:13 pm
Forum: Personal Investments
Topic: after tax 401k contribution or taxable brokerage
Replies: 33
Views: 1473

Re: after tax 401k contribution or taxable brokerage

So my company just made some more changes to our 401k. It offers both traditional and Roth options. I'm contributing the max to it every year (19,500 this year) and have been putting another 20-40k into a taxable brokerage account (dependent on how much overtime I can get). now they added an option...
by justsomeguy2018
Tue May 12, 2020 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: Should you include home equity in Net Worth?
Replies: 160
Views: 7584

Re: Should you include home equity in Net Worth?

KyleAAA wrote:
Tue May 12, 2020 7:05 pm
Yes, it should. I net equity with selling expenses because I'm more interested in the liquidation value. The expenses are material and there is no way to avoid them.
This is my thinking too....what % do you use for selling expenses? I think I use 7% to 8%.
by justsomeguy2018
Tue May 12, 2020 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Should you include home equity in Net Worth?
Replies: 160
Views: 7584

Should you include home equity in Net Worth?

Should home equity be included in your Net Worth? Also, how would you calculate it - the amount of principal paid down from your original loan, the amount owed vs. estimated value of house, the amount owed vs. estimated value of house net selling expenses....?
by justsomeguy2018
Sun May 10, 2020 1:56 pm
Forum: Investing - Theory, News & General
Topic: Airline Stocks
Replies: 42
Views: 3993

Re: Airline Stocks

Nobody where I'm from flew anywhere for work or pleasure until about 1995. It just wasn't normal. We're back to that for now! It's not a homeostatic need of humans to travel by plane, and we have videoconferencing for work. We're all these little jet setters used to planes now. Future unknown. The ...
by justsomeguy2018
Sun May 10, 2020 1:53 pm
Forum: Investing - Theory, News & General
Topic: Best fixed income options
Replies: 30
Views: 2898

Re: Best fixed income options

Long time lurker, first post.... I am looking for options for fixed income, bonds, CD's etc. Long story but my wife's Grandmother left a trust where my MIL has rights to interest but not the principle. My wife and her two sisters will eventually inherit the principle. The executor was my MIL's brot...
by justsomeguy2018
Sat May 09, 2020 1:45 pm
Forum: Investing - Theory, News & General
Topic: Long-term planning gone awry
Replies: 34
Views: 2939

Re: Long-term planning gone awry

E.g. job loss or salary reduction, unexpected major expenses, tax code changes, lifestyle changes, etc. You forgot health problems. It is a virtual guarantee that over 20 years more than one of these things will happen. When planning for the future you constantly refine and adjust. We all do the be...
by justsomeguy2018
Sat May 09, 2020 11:41 am
Forum: Investing - Theory, News & General
Topic: Long-term planning gone awry
Replies: 34
Views: 2939

Re: Long-term planning gone awry

Maybe put another way -

the long term plan involves inputs of w, x, y, z (expenses, income, investment contributions, rate of growth)

if any of those inputs change it can really knock you off course (or alternatively propel you ahead)

how reliable are these inputs typically?
by justsomeguy2018
Sat May 09, 2020 10:53 am
Forum: Investing - Theory, News & General
Topic: "The economy is in free fall. So why isn't the stock market?"
Replies: 153
Views: 15190

Re: "The economy is in free fall. So why isn't the stock market?"

Pump and dump?

No other options to get a decent return?

Still cheaper than the highs 3 months ago?

The real question is where will the market be 2 to 5 years from now. I'm not so sure it will be much higher honestly.
by justsomeguy2018
Sat May 09, 2020 10:29 am
Forum: Investing - Theory, News & General
Topic: Long-term planning gone awry
Replies: 34
Views: 2939

Long-term planning gone awry

For accumulators with 20+ year time horizon, how do you deal with things potentially going wrong in your plan along the way? E.g. job loss or salary reduction, unexpected major expenses, tax code changes, lifestyle changes, etc. I guess the flip side of this is things can also go in your favor (e.g....
by justsomeguy2018
Sat May 09, 2020 9:55 am
Forum: Investing - Theory, News & General
Topic: I am always slightly disappointed with my AA
Replies: 48
Views: 3516

Re: I am always slightly disappointed with my AA

Candor wrote:
Sat May 09, 2020 9:47 am
50/50 for a perpetual state of disappointment yet mild satisfaction.
Lol. This thread was funny.
by justsomeguy2018
Sat May 09, 2020 9:35 am
Forum: Investing - Theory, News & General
Topic: The Goal based Asset Allocation Ratio (non-age based)
Replies: 35
Views: 1731

Re: The Goal based Asset Allocation Ratio (non-age based)

I wanted to share this with the forum as a new thread instead of posting as reply to another thread. I have in the past shared this as reply to AA questions, some have reached out to me through PM expressing their interest and learning more. I thought this merits a new post as it goes away complete...
by justsomeguy2018
Thu May 07, 2020 3:23 pm
Forum: Personal Investments
Topic: Investing for Short-Term Needs
Replies: 3
Views: 245

Re: Investing for Short-Term Needs

mega317 wrote:
Thu May 07, 2020 2:31 pm
Good example of why buckets make no sense. Where is the extra 2k coming from to make up the vacation shortfall? Why isn't that money invested?
In case you need it for an emergency that may happen between the investment and the vacation?
by justsomeguy2018
Thu May 07, 2020 2:29 pm
Forum: Personal Investments
Topic: Investing for Short-Term Needs
Replies: 3
Views: 245

Investing for Short-Term Needs

They say you shouldn't invest money you will need within the next year or two...makes sense, I get that....different variation of that question.... What about investing ear-marked funds for short-term needs, with the caveat that if the market declines, you are still fine because you will just pull t...