Search found 34 matches

by IMhooked
Mon Jan 06, 2020 9:12 am
Forum: Personal Investments
Topic: Wasted a lot of time, but 40 now w/ a family... advice needed please!
Replies: 13
Views: 3222

Re: Wasted a lot of time, but 40 now w/ a family... advice needed please!

The one thing that jumped out to me was the opportunity for a Solo401k. It's a powerful tax deferred tool that will help save AND grow more $!
by IMhooked
Thu Dec 19, 2019 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Help with Home purchase--How much to put down
Replies: 18
Views: 926

Re: Help with Home purchase--How much to put down

Congratulations on saving up a nice chunk for a home! This is a great position to be in! Clarity on how much this house (liability/expense) plays into your current monthly cash flow (income/budget) may make things more clear. What is your current annual income? When considering purchases (house, car...
by IMhooked
Tue Nov 19, 2019 8:06 am
Forum: Investing - Theory, News & General
Topic: market went down in 2018, so why do people forget that
Replies: 48
Views: 5288

Re: market went down in 2018, so why do people forget that

Not a market timer, but I remember getting excited about the turn of the New Year and the ability to contribute towards 2019 goals and buy 'on sale'. The happenstance of that down portion was a convenient blip in this run up. :D Up or down, however, I'll be executing that same behavior at the very s...
by IMhooked
Sat Nov 16, 2019 9:52 am
Forum: Investing - Theory, News & General
Topic: What happened to FXNAX during 2008?
Replies: 24
Views: 1418

Re: What happened to FXNAX during 2008?

This thread is ONE REASON WHY I come to Bogleheads. Simple personal errors I made........JUST realized as my wife and I are starting to consider bonds in our portfolio we've been putting into FTBFX versus FXNAX (active vs. index) in our Solo401k this year. WHOOPS! If we had a Financial GPS on the da...
by IMhooked
Tue Oct 29, 2019 7:09 am
Forum: Personal Finance (Not Investing)
Topic: Property tax went up how does it affect my mortgage
Replies: 12
Views: 986

Re: Property tax went up how does it affect my mortgage

Not a dumb question at all. You're staying on top of things and avoiding a bump in the road in the next couple months before the taxes come due. Take action on the replies you get and your questioning will put you in a better place! Lots of great knowledge here! Do you escrow your property taxes wit...
by IMhooked
Wed Oct 23, 2019 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Has anyone used MySolo401k.com, DiscountSolo401k.com, or Solo401k.com?
Replies: 147
Views: 9616

Re: Has anyone used MySolo401k.com, DiscountSolo401k.com, or Solo401k.com?

My wife (we) use MySolo401k.net. Set up 2 years ago with Mark Nolan. Very communicative and helpful in setting up. We executed 2 direct rollovers and set up a non-prototype account with checkbook control in cooperation with Fidelity. They are proactive in their communication and we feel their fee st...
by IMhooked
Tue Sep 24, 2019 8:28 am
Forum: Personal Consumer Issues
Topic: Physical activity suggestions for a non athletic youth
Replies: 189
Views: 10153

Re: Physical activity suggestions for a non athletic youth

Look at Calorie intake and the type of calories (energy in). Track a baseline of his movement currently with a tool like FitBit, Applewatch, etc. Lends itself well to gamify things using this tool. As mentioned previously, it isn't about an organized sporty activity per say, just general human movem...
by IMhooked
Thu Jun 06, 2019 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Is it Wise to Remove Escrow if Bank Allows it?
Replies: 87
Views: 6297

Re: Is it Wise to Remove Escrow if Bank Allows it?

Ditched escrow ASAP. Have a separate online high interest savings account for it. Some years we have on-going contributions to it, other years we lump sum it depending on goals/plans for the year.

The control factor--It's my money until it's yours
by IMhooked
Mon Apr 15, 2019 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Mr. Money Mustache, SWR, and equity allocation
Replies: 524
Views: 43371

Re: Mr. Money Mustache, SWR, and equity allocation

Note the date he posted it. :D
by IMhooked
Mon Mar 11, 2019 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Are academic enrichment courses for school age kids worth it
Replies: 61
Views: 3585

Re: Are academic enrichment courses for school age kids worth it

There's a great quote at my kids' playground at the local park--"A child's job is to play!" Great reminder for us as parents of a 2nd grader and 4 yr old. We try to follow their lead when it comes to interests as opposed to enrolling them in all the community programs that are offered. That said a g...
by IMhooked
Mon Feb 04, 2019 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you keep in checking?
Replies: 135
Views: 11968

Re: How much do you keep in checking?

1 month expenses moved over from High Interest Savings on the first of the month.
by IMhooked
Thu Jan 31, 2019 9:25 am
Forum: Personal Investments
Topic: Fidelity solo 401k question
Replies: 15
Views: 780

Re: Fidelity solo 401k question

Fortunately in SE WI I have a branch location in Brookfield. It's a 40 min drive one way but it's nice to physically deposit at the counter and by the time I've returned home it's posted and ready to invest. One newer teller was confused as to what I was trying to do, but once I let her know it was ...
by IMhooked
Wed Jan 30, 2019 10:14 am
Forum: Personal Finance (Not Investing)
Topic: TurboTax cannot import Vanguard 1099
Replies: 39
Views: 3123

Re: TurboTax cannot import Vanguard 1099

I manually entered Vanguard Backdoor Roth activities yesterday on Turbo Tax. Initially tried to import as well, but resulted in no action/activity so followed The Finance Buff's process on manually entering in TT and worked fine. https://thefinancebuff.com/how-to-report-backdoor-roth-in-turbotax.html
by IMhooked
Sat Jan 26, 2019 12:39 am
Forum: Personal Finance (Not Investing)
Topic: Need advice coming out of bad situation
Replies: 49
Views: 4248

Re: Need advice coming out of bad situation

Long story short, I graduated 7 years ago with $186k debt for an electrical engineering degree from a top university. I was making $61k 2 months out of school, paying $1100 interest/month on my loan. I received no breaks - had to get my own apartment, had to buy a car, etc, all on debt. The timelin...
by IMhooked
Sat Jan 19, 2019 6:40 pm
Forum: Personal Investments
Topic: Where Do HSAs Fit in Asset Location?
Replies: 48
Views: 3294

Re: Where Do HSAs Fit in Asset Location?

I didn't see this mentioned after skimming through these threads... You can also contribute/max out to your annual HSA limits NOW and when you pay qualified HSA expenses out-of-pocket, keep the receipt. (We keep original, scanned copy, and additional hard copy to be kept in fireproof safe). If and w...
by IMhooked
Fri Jan 18, 2019 1:48 pm
Forum: Personal Investments
Topic: Help with Beginning Taxable Account
Replies: 6
Views: 663

Re: Help with Beginning Taxable Account

[/quote] In addition to starting a tax efficient taxable investing account, have you thought about a Personal Defined Contribution Benefit Plan? https://www.schwab.com/public/schwab/investing/accounts_products/accounts/small_business_retirement/personal_defined_benefit_plan [/quote] We have looked a...
by IMhooked
Fri Jan 18, 2019 10:07 am
Forum: Personal Investments
Topic: Help with Beginning Taxable Account
Replies: 6
Views: 663

Help with Beginning Taxable Account

Looking for advice and review of tax deferred accounts as we are looking to begin Q2 investing in a Taxable Account as we're looking to save/invest more. Striving for tax efficiency over the long term and don't anticipate drawing from Taxable for short term capital gains. My wife and I are (36 & 43 ...
by IMhooked
Thu Jan 17, 2019 9:56 am
Forum: Personal Investments
Topic: Taxable diversification question and portfolio review request
Replies: 9
Views: 722

Re: Taxable diversification question and portfolio review request

For some reason I think Dave Ramsey and a simpler approach with the Baby Steps would work well for OP until that car and student loan are gone. Trying to do so many things at once can make things very stressful, but if you and spouse are on the same page with the same focus you will easily win! You'...
by IMhooked
Tue Jan 15, 2019 8:52 pm
Forum: Personal Consumer Issues
Topic: Gillette Mach 3 alternatives
Replies: 81
Views: 8785

Re: Gillette Mach 3 alternatives

Right before Christmas went to the Up and Up brand from Target (Triple Blade) and WOW so much better (for my face anyways). Honestly annoyed my wife for a half hour after shaving before Christmas Eve celebrations: "Go ahead feel it again!" Disclaimer: Improves the shave but not necessarily the face ...
by IMhooked
Thu Dec 27, 2018 11:30 pm
Forum: Personal Finance (Not Investing)
Topic: Paying Student Loans
Replies: 11
Views: 1354

Re: Paying Student Loans

I'd temporarily pause investing as well as refinancing in order to aggressively attack it with your high income. Hopefully not car or credit card debt as well. Being shackled by debt for 20 years doesn't sound appealing. The power of investing $750-1400/month once that debt is gone is a powerful tho...
by IMhooked
Tue Dec 18, 2018 6:26 pm
Forum: Personal Consumer Issues
Topic: Buying a WSJ on Ebay
Replies: 30
Views: 5654

Re: Buying a WSJ on Ebay

This!!
2pedals wrote:
Fri Dec 14, 2018 7:47 pm
My local library.

My library also has an electronic online version that one can use at home.
by IMhooked
Sun Dec 16, 2018 6:47 pm
Forum: Personal Investments
Topic: Paying off student loan debt as markets are slowing down?
Replies: 27
Views: 1647

Re: Paying off student loan debt as markets are slowing down?

2nd the strategy of going down to $1,000 to pay on the 59k debt as a temporary & focused goal of killing off that wealth-robbing student loan debt. Hopefully it's the only debt you guys are having to face. If you're not comfortable with a $1000 emergency fund (which you shouldn't be), sell some stuf...
by IMhooked
Fri Dec 14, 2018 1:22 pm
Forum: Personal Investments
Topic: Investing in a Business with Your Solo401k
Replies: 0
Views: 159

Investing in a Business with Your Solo401k

I did some searching and didn't come across the answers I was looking for so coming to the community for insight. Looking for stories from individuals who have a Solo401k account with checkbook control who have chosen to invest in a business--not publicly traded and obviously not your own or a prohi...
by IMhooked
Fri Dec 07, 2018 4:13 pm
Forum: Personal Consumer Issues
Topic: portable jump starters
Replies: 72
Views: 6846

Re: portable jump starters

I use Noco products with success on my vehicles. Take the time to read specifications (and directions) for the unit and accessories that will serve your needs.
https://no.co/
by IMhooked
Tue Dec 04, 2018 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Best online banking accounts?
Replies: 53
Views: 7619

Re: Best online banking accounts?

trueson1 wrote:
Mon Dec 03, 2018 4:05 pm
Also, Marcus by Goldman Sachs - 2.05%

https://www.marcus.com
+1 Have had multiple accounts and CD's with Marcus over the past year and have been very pleased so far!
24 hour transfers to my US bank account if needed.
by IMhooked
Sat Dec 01, 2018 9:45 am
Forum: Personal Consumer Issues
Topic: How to cancel TV and not Internet w/ Spectrum Time Warner
Replies: 25
Views: 18084

Re: How to cancel TV and not Internet w/ Spectrum Time Warner

Good for you!

Cut the cable 2011 when my first son was born (only have internet with Spectrum). Saved $9790 as a result over this time (no accounting for any raises in cable service from Spectrum since then!)
by IMhooked
Thu Nov 29, 2018 3:05 pm
Forum: Personal Investments
Topic: What would you do with $6,000 in gold and silver?
Replies: 40
Views: 3963

Re: What would you do with $6,000 in gold and silver?

As you stated you have $6000.

If you had $6000 in cash on the Kitchen Table versus the gold and silver what would you do with it? That's your answer!
by IMhooked
Wed Nov 28, 2018 9:41 pm
Forum: Personal Consumer Issues
Topic: Tipping lawn service and trash pickup
Replies: 48
Views: 4442

Re: Tipping lawn service and trash pickup

Mail Crew, Trash Crew, etc. all get gratuity from our home from time to time throughout the season. Sometimes it's $$, sometimes it's a cool treat on a hot day, a collection of their favorite brew that they can stop back after work and pick up. Yes they are compensated, but we realize without them, ...
by IMhooked
Thu Nov 22, 2018 8:56 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2670
Views: 493267

Re: What are you up YTD? [Year To Date]

-2.43% but just bought another 10k in admiral index fund shares last week. Don't really look that often. Just sticking to the plan and routinely contributing to max out all our allowable buckets before the year end (Solo401k, HSA, 2 IRAs).
by IMhooked
Thu Nov 15, 2018 8:24 pm
Forum: Personal Consumer Issues
Topic: Granddaughter needs $ help for university
Replies: 111
Views: 10656

Re: Granddaughter needs $ help for university

Find a cheaper school? Is she currently working while going to school? She should be if she's a non-athlete. If you have the money to loan her yourself, get a promissory note drafted and have her pay you back directly. Co-signing in the first year is a temporary fix to a longer term problem. $15k x ...
by IMhooked
Fri Nov 09, 2018 2:27 pm
Forum: Personal Consumer Issues
Topic: Too many choices for my next TRUCK
Replies: 99
Views: 8359

Re: Too many choices for my next TRUCK

Just went through this past year researching the same to the point of driving my wife nuts! After my due diligence and having 2 brothers with F-150's, a brother-in-law with his 3rd GMC, and after driving a Tahoe myself for the last 11 years I went with the 2017 Toyota Tundra 4wd with 21,000 miles an...
by IMhooked
Tue Nov 06, 2018 11:05 am
Forum: Personal Finance (Not Investing)
Topic: TurboTax on TaxMarkDown.com
Replies: 42
Views: 5388

Re: TurboTax on TaxMarkDown.com

Following this thread. Good question, seemingly good deal!
by IMhooked
Sat Nov 03, 2018 12:12 pm
Forum: Personal Investments
Topic: FSTVX -> FSKAX
Replies: 15
Views: 6017

Re: FSTVX -> FSKAX

Happened in my account as well.

I have the Expense ratio staying the same at .015%

Commenting to follow this thread for insight...
by IMhooked
Thu Nov 01, 2018 3:41 pm
Forum: Personal Investments
Topic: Just starting out at 39 yrs old.
Replies: 37
Views: 5538

Re: Just starting out at 39 yrs old.

Highly recommend listening to the Dave Ramsey podcast (3 episodes Daily) as he has a great approach to walking through his Babysteps in order to help people win in the fight against debt. You're still 39 years young and the fact that you're hear looking for guidance means you're ready to get started...