Search found 73 matches

by StopIroningShirts
Mon Apr 15, 2019 6:47 am
Forum: Personal Finance (Not Investing)
Topic: how long to have mailed check cashed by IRS?
Replies: 13
Views: 1169

Re: how long to have mailed check cashed by IRS?

Mine cleared in four days. Mailed on the 8th and cleared on the 11th
by StopIroningShirts
Sun Apr 14, 2019 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Site for Car Rental in Major City
Replies: 8
Views: 803

Re: Site for Car Rental in Major City

Big fan of Costco Travel or Autoslash. You can also just use an aggregator site like Expedia to start to help guide you to the right company/pickup spot. I like Costco Travel because I can compare both on-site and off-site rental car pickups. If you're landing/departing comfortably within 9am and 5p...
by StopIroningShirts
Tue Apr 09, 2019 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: Not much work at new megacorp job
Replies: 70
Views: 5622

Re: Not much work at new megacorp job

I'm going to kind of echo what others have said, how much can you tolerate doing nothing? I'd be actively looking for a job and netowrking in case of a layoff. I made a move before I declared early retirement and the "doing nothing" was painful for me if it was more than an hour or two. "Doing nothi...
by StopIroningShirts
Tue Apr 09, 2019 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Infertility treatments/insurance/job situation
Replies: 44
Views: 3335

Re: Infertility treatments/insurance/job situation

Posting to follow. We're both 37 and have been trying on and off for three years. I was surprised at the IUI cost, have done that once and the gyno plus fees was $400, non insurance covered. My wife hasn't been off other meds and health enough for IVF, but we're getting close to that becoming a real...
by StopIroningShirts
Tue Apr 09, 2019 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement
Replies: 162
Views: 20369

Re: Early retirement

Big fan of Justin's, remember when I was commenting with him on the MMM forums six years ago.
by StopIroningShirts
Tue Apr 09, 2019 7:13 am
Forum: Personal Finance (Not Investing)
Topic: Standard Deduction vs Itemizing - Experience this year
Replies: 52
Views: 5322

Re: Standard Deduction vs Itemizing - Experience this year

2018 moved me to the standard deduction. Previously I was deducting $14,000 in property taxes, $11,000 in mortgage interest, and $5,000 in charitable deductions. Married with no kids.

Info

2017: AGI $171,942, Effective Rate 13.27%
2018: AGI $183,511, Effective Rate 14.10%
by StopIroningShirts
Tue Apr 09, 2019 7:07 am
Forum: Personal Investments
Topic: Should I leave Betterment?
Replies: 33
Views: 5617

Re: Should I leave Betterment?

I helped a friend out of Betterment. The process to transfer was fairly easy and she was going to Fidelity. It was more difficult around tax time to reconcile the cost basis. If Betterment does what they say, you might have a tax issue if they won't allow an in-kind transfer of the positions. Feedba...
by StopIroningShirts
Tue Apr 09, 2019 7:05 am
Forum: Personal Finance (Not Investing)
Topic: Replacing heat pump & duct work
Replies: 7
Views: 674

Re: Replacing heat pump & duct work

I did this about six years ago. I went to the Chamber of Commerce directory and they listed how long the companies had been a member. I got quotes from the two oldest companies and it worked out well. Founder owned-led HVAC firm that had been in business for 40+ years. Most of the install folks were...
by StopIroningShirts
Tue Apr 09, 2019 6:55 am
Forum: Personal Finance (Not Investing)
Topic: Family business buyout
Replies: 5
Views: 674

Re: Family business buyout

A few questions (I spent 15 years loaning money to entrepreneurs/privately held businesses) - What set the value of the business at one time gross revenue? That's an interesting metric - What type of corporation is it? Have you reviewed the corporate documents and does it have provisions related to ...
by StopIroningShirts
Tue Apr 09, 2019 6:49 am
Forum: Personal Finance (Not Investing)
Topic: Early retirement
Replies: 162
Views: 20369

Re: Early retirement

I'm about three weeks into this and pulled the plug at 36. I'm just crafting the news based on the audience - older than me "I'm taking some time off work to travel". Younger than me, "I retired early". Many of us would be very interested in hearing the details of your situation, how you did it, yo...
by StopIroningShirts
Sat Apr 06, 2019 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement
Replies: 162
Views: 20369

Re: Early retirement

I'm about three weeks into this and pulled the plug at 36. I'm just crafting the news based on the audience - older than me "I'm taking some time off work to travel". Younger than me, "I retired early".
by StopIroningShirts
Sat Apr 06, 2019 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Consulting Fees Redirected to Charity
Replies: 17
Views: 1058

Re: Consulting Fees Redirected to Charity

Posting to follow. I'm coming into a similar situation....the benefit is I'd be working directly for the business owner. I'll probably make my fees something high enough to not run afoul of minimum wage and have an understanding that I want contributions of similar amount to my Fidelity Charitable a...
by StopIroningShirts
Sun Feb 03, 2019 8:10 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3851
Views: 709529

Re: What's Your Credit Card Rewards Strategy?

Applied and was approved for the Capital One Savor Rewards card. Charge $3,000 in 3 months and receive $500 cash reward. $95 annual fee is waived the first year. I think it gives 4% back on restaurants. The one really strange thing about this is, on the Capital One web site, they (like many other C...
by StopIroningShirts
Sun Feb 03, 2019 7:44 am
Forum: Personal Consumer Issues
Topic: Choosing an electric company in Texas
Replies: 16
Views: 1172

Re: Choosing an electric company in Texas

First is power to choose.

We had a former power analyst present to our financial independence group in Dallas a few months ago, it was fascinating. Here's a link to the presentation.
by StopIroningShirts
Sun Feb 03, 2019 7:39 am
Forum: Personal Finance (Not Investing)
Topic: Where should we place savings?
Replies: 11
Views: 1081

Re: Where should we place savings?

Lots of information going on here. The deferred compensation plan is interesting. I'm comfortable putting $80k/year away in mine, but I work for a Fortune 500 company in a regulated industry. I would start by digging more into this plan. Who is the trustee, what are the assets behind the plan (are y...
by StopIroningShirts
Sun Feb 03, 2019 7:31 am
Forum: Personal Investments
Topic: Efficiently Disposing of Girlfriend's LPL Financial Advisor - Vanguard or Schwab?
Replies: 27
Views: 2747

Re: Efficiently Disposing of Girlfriend's LPL Financial Advisor - Vanguard or Schwab?

I'll echo what others have said, I probably trust Vanguard the most in an advisory role. If you start having trouble getting the assets transferred out, it might be worth considering Schwab or Fidelity. I've helped a bunch of people fire their advisors and this is purely from personal experience, th...
by StopIroningShirts
Sun Jan 20, 2019 8:05 am
Forum: Personal Investments
Topic: Bonus and 401K Stable income fund option
Replies: 8
Views: 660

Re: Bonus and 401K Stable income fund option

This is a tough question to answer without knowing the rest of your investment allocation.

Do you have a target cash allocation?

If you are planning on investing it *if* the market goes lower, do you have written parameters setup today on when to invest and then when to divest?
by StopIroningShirts
Sun Jan 20, 2019 8:02 am
Forum: Personal Investments
Topic: Asset mix on 403b
Replies: 19
Views: 866

Re: Asset mix on 403b

I would consider this simplier for you. Vanguard Institutional Index plus Vanguard Extended Market Index buys you the total stock market index. If you want to add a little international index, that's up to you. Those three funds should fully accomplish the stock portion of your portfolio. I don't se...
by StopIroningShirts
Sun Jan 20, 2019 7:50 am
Forum: Personal Investments
Topic: Stay the course is hard
Replies: 74
Views: 8008

Re: Stay the course is hard

I'm going to echo what another reply said, try to write down a formal investment policy statement. I never thought I needed one, then finally sat down and wrote it out with this last 20% decline. Emotional control is difficult. I'm always a fan of investing as much as you can as early in the year in...
by StopIroningShirts
Thu Dec 13, 2018 9:29 pm
Forum: Personal Consumer Issues
Topic: Landlord charging for unwarranted repairs.
Replies: 10
Views: 1545

Re: Landlord charging for unwarranted repairs.

Did you make a video walkthrough that you have documentation of?

I'd first respond with a friendly letter. As upset as you may be, $410 is not worth a lawyer
by StopIroningShirts
Wed Dec 12, 2018 8:13 am
Forum: Investing - Theory, News & General
Topic: CD vs Treasury Spread
Replies: 13
Views: 1989

Re: CD vs Treasury Spread

CDs are provided based on the funding needs of banks. The banks have 3, 5, and 7+ year fixed rates their offering to their customers at a higher spread. Treasuries are based on the funding needs of the government. The government is spending the money. CDs usually pay a higher rate, especially those ...
by StopIroningShirts
Mon Dec 10, 2018 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Comparing short-term borrowing cost: Interactive Brokers vs. Fidelity
Replies: 13
Views: 1043

Re: Comparing short-term borrowing cost: Interactive Brokers vs. Fidelity

I agree with your analysis. "Margin" rates are my one frustration with Fidelity. I've needed to use it once for almost three months when I was buying a new house while waiting for my last house to close. I may have to do that again in 3-4 months and not looking forward to Fidelity's rates. If I ever...
by StopIroningShirts
Sat Dec 08, 2018 7:19 pm
Forum: Personal Consumer Issues
Topic: Contractor draws during remodeling project
Replies: 25
Views: 3028

Re: Contractor draws during remodeling project

Personally I would offer to buy the materials directly on behalf of the contract, but not pay the money directly to them in advance.

In full disclosure, I work in commercial banking and have twice had contractors misappropriate draws and stick a client with paying for the same thing twice.
by StopIroningShirts
Sat Dec 08, 2018 7:17 pm
Forum: Investing - Theory, News & General
Topic: International underperformance - how to break it down
Replies: 52
Views: 4325

Re: International underperformance - how to break it down

Every one of your points is part of under performance of international equities. The US is roughly 50% of the market cap of the world markets. Investors will have to earn a premium to keep investing in international. The market will eventually correct and provide that premium. Keeping a portion of m...
by StopIroningShirts
Sat Dec 08, 2018 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance for FIRE [Financial Independence Retire Early]
Replies: 83
Views: 6733

Re: Health insurance for FIRE [Financial Independence Retire Early]

Why not work a few extra years? I always thought that the FIRE mentality was all about financial independence but this thread is convincing me otherwise. If you have to rely on subsidized healthcare you're not really financially independent and are only pushing healthcare costs up for others. I'm g...
by StopIroningShirts
Sat Dec 08, 2018 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Are 401k contribution percents on salary before or after FSA/HSA elections?
Replies: 10
Views: 831

Re: Are 401k contribution percents on salary before or after FSA/HSA elections?

My employer has a 401k % deduction based on gross salary.

Our HSA is a dollar amount.
by StopIroningShirts
Sat Dec 08, 2018 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Health insurance for FIRE [Financial Independence Retire Early]
Replies: 83
Views: 6733

Re: Health insurance for FIRE

... I would personally rather see health insurance mandated for all, which would bring down prices and allow people to buy into the ACA for the same rates as group plans. Until then, the current system is what we've got... The current system did mandate insurance for all (until next year), and whil...
by StopIroningShirts
Fri Dec 07, 2018 7:57 pm
Forum: Personal Investments
Topic: Stressed/Job loss/Retirement possible?
Replies: 34
Views: 4199

Re: Stressed/Job loss/Retirement possible?

I'm sorry to hear about the joint job loss, but in looking at your numbers you are in incredible shape to never work again (if that's what you want!). I'd recommend taking some time off, take COBRA or ACA depending on cost/benefit, then figure out what you'd like to do. Working and earning something...
by StopIroningShirts
Fri Dec 07, 2018 7:51 pm
Forum: Investing - Theory, News & General
Topic: J L Collins on Portfolio Size needed for income required
Replies: 7
Views: 1311

Re: J L Collins on Portfolio Size needed for income required

It might be of value simply as a way to explain to someone who's new to markets and possibly new to even thinking about retirement , the kinds of numbers that are involved but yes it is a dumbed-down approach. It might be a revelation too many to simply realize that your portfolio income should be ...
by StopIroningShirts
Thu Dec 06, 2018 8:38 am
Forum: Personal Finance (Not Investing)
Topic: What to negotiate in offers
Replies: 45
Views: 3333

Re: What to negotiate in offers

Thanks for posting the actual offer. I'd go back to them about #2 - I would directly tell them you didn't expect the health insurance cost to be $11,000 higher than your current employer and that's a significant discount to the base you were being offered. Can they increase your offer by that amount...
by StopIroningShirts
Thu Dec 06, 2018 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Health insurance for FIRE [Financial Independence Retire Early]
Replies: 83
Views: 6733

Re: Health insurance for FIRE

I'll chime in here...I'm planning on quitting my job a couple weeks shy of my 37th birthday, already FI and going to at least take an extended work sabbatical. I've worked longer than planned already due to an injury my wife suffered two years ago and we've been heavier consumers of healthcare becau...
by StopIroningShirts
Tue Dec 04, 2018 7:19 am
Forum: Personal Investments
Topic: Vang Wellesley for Retirement
Replies: 45
Views: 6208

Re: Vang Wellesley for Retirement

+1 for the Wellesley/Wellington 50/50 split in retirement. I've been a 10+ year owner of the Wellington Fund. I've helped multiple family retirees sit in the Wellesley Fund. Its a simple option for someone not overly sophisticated with investing. Compared to the sharks trying to sell these family me...
by StopIroningShirts
Tue Dec 04, 2018 7:17 am
Forum: Personal Finance (Not Investing)
Topic: What to negotiate in offers
Replies: 45
Views: 3333

Re: What to negotiate in offers

I work as a hiring manager for professionals.. When I see a nearly 50% base pay increase, my initial thought is to be cautious about how you ask about a lot of other things. If there's no equity at either company, this makes the decision easier. Vacation/Paid Time Off should be outlined in the offer...
by StopIroningShirts
Wed Nov 21, 2018 10:10 pm
Forum: Personal Consumer Issues
Topic: Laundry Center W/D combo this Black Friday?
Replies: 1
Views: 351

Re: Laundry Center W/D combo this Black Friday?

I would stalk slickdeals.net over the next few days
by StopIroningShirts
Wed Nov 21, 2018 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: MaxMyInterest - anyone care to share any feedback?
Replies: 4
Views: 860

Re: MaxMyInterest - anyone care to share any feedback?

I'm in banking...I have no idea how they'll be able to get through BSA/AML compliance opening accounts on behalf of other people.

Stick with a brokerage account money market fund and brokered CDs
by StopIroningShirts
Wed Nov 21, 2018 4:27 pm
Forum: Personal Investments
Topic: Ownership in family business
Replies: 13
Views: 1569

Re: Ownership in family business

I work in this space. I provide banking services to entrepreneurs, I watch my clients go through this, and my institution employs financial planners so I can get some behind the scenes look. If you have an insurance agency, it should be pretty easy to set a value to it. Agencies and books of busines...
by StopIroningShirts
Wed Nov 21, 2018 8:01 am
Forum: Personal Consumer Issues
Topic: Landlords: Where do you buy your fridges?
Replies: 15
Views: 2453

Re: Landlords: Where do you buy your fridges?

Contractors who do kitchen remodeling. They're the ones hauling out / knowing when someone is going to sell a nice used fridge
by StopIroningShirts
Wed Nov 21, 2018 7:55 am
Forum: Investing - Theory, News & General
Topic: Alternative Categories in the Portfolio theory model, REITs, Commods, ETC?
Replies: 7
Views: 787

Re: Alternative Categories in the Portfolio theory model, REITs, Commods, ETC?

I'll chime in here. I'm a fan of both REITs and certain pipeline MLPs for an asset class that acts both like a stock and bond. My personal opinion about these asset classes is they're difficult to "index and forget" like the other asset classes. You can have wildly different risk profile between com...
by StopIroningShirts
Wed Nov 21, 2018 7:46 am
Forum: Investing - Theory, News & General
Topic: What to do when you have Less than 100K ? say just 50k
Replies: 36
Views: 4236

Re: What to do when you have Less than 100K ? say just 50k

I'm a reformed amateur trader/tinkerer with my portfolio and I'm now 70%+ index funds and 20% in a few stock holdings that I have big capital gains sitting in. I found out the less I messed with it, the better it performed. I also regret not just working and earning more money back when I only had $...
by StopIroningShirts
Wed Nov 21, 2018 7:42 am
Forum: Personal Investments
Topic: Northwestern Mutual nightmare - help needed
Replies: 55
Views: 5470

Re: Northwestern Mutual nightmare - help needed

You presumably have a high income and will be able to keep saving money in addition to your debt repayment and tax deferred investments. Eventually you'll probably invest some of that money. I find it easy to just have it all in one brokerage account. My cash portion earns more than I can get in mos...
by StopIroningShirts
Mon Nov 19, 2018 8:08 pm
Forum: Personal Investments
Topic: Northwestern Mutual nightmare - help needed
Replies: 55
Views: 5470

Re: Northwestern Mutual nightmare - help needed

Update - cut ties with my advisor today officially! Roths - rolled to Vanguard (in process) (Target Date fund) 403b already at Vanguard (Target Date fund) "money market fund" was not a money market fund after all, sadly, but a taxable investment account with American Fund class C(I am horrified at ...
by StopIroningShirts
Mon Nov 19, 2018 8:32 am
Forum: Personal Consumer Issues
Topic: Beware the commission salesperson
Replies: 19
Views: 2033

Re: Beware the commission salesperson

I work in sales management for a financial institution (commercial lending). I can give you some insight into the mindset: These folks have an underlying belief they are doing something good. They have come up with their own sense of reality that speaks something like "its forced savings for someone...
by StopIroningShirts
Sun Nov 18, 2018 8:52 am
Forum: Personal Investments
Topic: Assets in Taxable Account/Highest Tax Bracket
Replies: 3
Views: 323

Re: Assets in Taxable Account/Highest Tax Bracket

I'm going to make a non-Vanguard suggestion here: Consider just buying Berkshire Hathaway.

No dividends so zero tax implications until you sell it.
by StopIroningShirts
Sat Nov 17, 2018 7:49 am
Forum: Personal Finance (Not Investing)
Topic: Real estate capital gains - advice needed
Replies: 10
Views: 1312

Re: Real estate capital gains - advice needed

I'm going to step into this, but my disclaimer is you may want to hire an Illinois based accountant. If your dad lived in the house for at least two out of the last five years, the first $250,000 in capital gains should be tax free at the federal level. I think its justifiable that its his house if ...
by StopIroningShirts
Sat Nov 17, 2018 7:44 am
Forum: Personal Finance (Not Investing)
Topic: Water-Sewer line insurance
Replies: 34
Views: 1982

Re: Water-Sewer line insurance

I've never heard of this and want to follow. I've got a 60+ year old cast iron pipe for half of my house we've been nursing for a while.

I'm just curious what the company's history is of paying claims. That seems like a bad deal for them
by StopIroningShirts
Sat Nov 17, 2018 7:41 am
Forum: Personal Investments
Topic: LOST OVER $400 on CDs in 2 Weeks!
Replies: 24
Views: 4482

Re: LOST OVER $400 on CDs in 2 Weeks!

Most traditional bank CDs carry a 3 month interest penalty if you redeem them early. Your bank statement doesn't give you a liquidation value when you see it every month (principal value less penalty). A brokered CD can be sold instead of cashed in with a penalty. The price you're seeing is what it ...
by StopIroningShirts
Sat Nov 17, 2018 7:40 am
Forum: Investing - Theory, News & General
Topic: Is Fidelity Zero Fund BETTER than Fidelity Expense Ratio Fund
Replies: 58
Views: 8503

Re: Is Fidelity Zero Fund BETTER than Fidelity Expense Ratio Fund

I own both FSKAX and FZROX along with some legacy holdings of ITOT and VTI. The expense ratios are so incredibly low on all of these we're talking about loose change. ($1.50 on $10,000). I'm not going to make any moves in the taxable account that trigger taxes or trading commissions to make the swap...
by StopIroningShirts
Thu Nov 15, 2018 8:02 pm
Forum: Personal Investments
Topic: Maxed out Self Employed 401K & HSA where else can I save
Replies: 9
Views: 798

Re: Maxed out Self Employed 401K & HSA where else can I save

I'm a fan of investing in a regular taxable account. Once I hit $100,000 in one, I kicked the idea of a segregated emergency fund. There are tax efficient ways to invest in a regular account. Buy VTSAX or own a few shares of Berkshire Hathaway. We have almost $400k in a taxable account with a combin...
by StopIroningShirts
Thu Nov 15, 2018 7:42 pm
Forum: Personal Investments
Topic: New 401(k) fund allocation advice
Replies: 6
Views: 568

Re: New 401(k) fund allocation advice

You've got great options to choose from. Most people's 401ks aren't this good.

I'd go S&P 500, Large Cap, Small Cap for your 90% and the bond index for the 10% target
by StopIroningShirts
Thu Nov 15, 2018 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone have a bad experience with HDHP?
Replies: 43
Views: 4069

Re: Anyone have a bad experience with HDHP?

@researchmed - Confusion and Chaos. I know I'm over my deductible based on order of visits, but provider hasn't filed, then we're being asked for payment by a clerk at the next place and have to choose to either 1) argue with the clerk or 2) Pay full price and then see who gets their filling in firs...