Search found 322 matches

by renegade06
Tue Feb 16, 2021 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Paying above asking price/appraisal in hot housing market
Replies: 9
Views: 908

Re: Paying above asking price/appraisal in hot housing market

It’s hard to say, because real estate is “hyper-local”. If the market is that hot, by the time you decide, it’s too late :happy. Is the seller saying they want offers by x date and time, or is it open-ended? If the former, why not put an escalation clause in? 1. Look at comps nearby, sold price wit...
by renegade06
Tue Feb 16, 2021 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Paying above asking price/appraisal in hot housing market
Replies: 9
Views: 908

Re: Paying above asking price/appraisal in hot housing market

It’s hard to say, because real estate is “hyper-local”. If the market is that hot, by the time you decide, it’s too late :happy. Is the seller saying they want offers by x date and time, or is it open-ended? If the former, why not put an escalation clause in? 1. Look at comps nearby, sold price wit...
by renegade06
Tue Feb 16, 2021 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Paying above asking price/appraisal in hot housing market
Replies: 9
Views: 908

Re: Paying above asking price/appraisal in hot housing market

Thanks for your replies. We have no other debt and would plan to stay in the home at least 10 years. We would be getting about $375k out of the townhome and I’d recastvtgr mortgage. I guess the main thing for me is having to get $400k in stocks and cash to make this work... I’d still have $2.5m in i...
by renegade06
Tue Feb 16, 2021 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Paying above asking price/appraisal in hot housing market
Replies: 9
Views: 908

Paying above asking price/appraisal in hot housing market

My wife and I are making a decision on whether to put in an offer on a house. The house is beautiful, in a great location on a double lot, and is immaculate. The asking Price is $1.3m but homes in my hot metro area are going above asking price. Our realtor is recommending we offer $1.425m ($125k abo...
by renegade06
Sat Jan 30, 2021 9:14 pm
Forum: Investing - Theory, News & General
Topic: What is your age and asset allocation ?
Replies: 481
Views: 40939

Re: What is Your Age and Asset Allocation?

45 yo 90/10. Equities (90%) are 65 U.S., 35 Intl. 10% Bonds are in the TSP G fund.
by renegade06
Sat Jan 16, 2021 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Direct Pay for Estimated Payments
Replies: 10
Views: 1176

Re: IRS Direct Pay for Estimated Payments

It was a stiff pentalty.. I was pretty shocked. I owed about $100k, but I guess that’s in that 2% penalty range.
by renegade06
Sat Jan 16, 2021 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Direct Pay for Estimated Payments
Replies: 10
Views: 1176

Re: IRS Direct Pay for Estimated Payments

I used IRS Direct pay and it’s worked well for me, but be careful.... I scheduled a quarterly estimated payment in advance so ensure I wouldn’t forget to pay. I woke up the morning of July 15 in a panic that I need to pay my taxes that day. I sent in another IRS Direct payment. The payment went thru...
by renegade06
Fri Jan 15, 2021 8:35 pm
Forum: Personal Consumer Issues
Topic: Secure email provider
Replies: 23
Views: 1912

Re: Secure email provider

I use Proton Mail for anything financial or important. Same for me. I use a few personal email addresses with a personal domain name that I control and use only with important, trusted institutions. Those get filtered in my ProtonMail account. (A side benefit is that I never get spam in my ProtonMa...
by renegade06
Fri Jan 15, 2021 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: How to Prepare for New Home Purchase
Replies: 6
Views: 1081

Re: How to Prepare for New Home Purchase

You may want to double check on whether or not you can use your VA again (and not having to sell). I was under that impression as well - but it might not be the case. I was considering keeping my townhouse as a rental (it has a VA mortgage) while looking for a SFH. He told me that I could keep my VA...
by renegade06
Fri Jan 15, 2021 7:52 pm
Forum: Personal Investments
Topic: BRK-A versus Vanguard TSM
Replies: 20
Views: 1648

Re: BRK-A versus Vanguard TSM

What is the difference between holding BRK-A versus BRK-B? Other than the share price... Berkshire A is 1500x of Berkshire B. If Berkshire B * 1500 is cheaper than Berkshire A, then you buy Berkshire B. If Berkshire B * 1500 is more expensive than Berkshire A, then you buy Berkshire A. If both equa...
by renegade06
Fri Jan 15, 2021 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Should I walk away from nice pension? Is it worth it?
Replies: 48
Views: 6521

Re: Should I walk away from nice pension? Is it worth it?

Agree with all the other comments. Don’t leave this position - not for the current offer on the table, at least.
by renegade06
Fri Jan 15, 2021 7:36 pm
Forum: Personal Investments
Topic: BRK-A versus Vanguard TSM
Replies: 20
Views: 1648

Re: BRK-A versus Vanguard TSM

What is the difference between holding BRK-A versus BRK-B? Other than the share price...
by renegade06
Fri Jan 15, 2021 7:22 pm
Forum: Personal Consumer Issues
Topic: Secure email provider
Replies: 23
Views: 1912

Secure email provider

I’d like to ditch gmail due to big tech privacy concerns. Can anyone recommend the best secure email service? I am leaning toward ProtonMail, but was curious if anyone has had success with others.
by renegade06
Wed Jan 13, 2021 9:31 pm
Forum: Personal Investments
Topic: Three Fund Portfolio + Ark ?
Replies: 24
Views: 1926

Re: Three Fund Portfolio + Ark ?

I have an “innovation tilt” and use ARK funds. I think it’s totally reasonable if you understand that part of your portfolio is riskier. I like Cathie Wood at Ark very much and believe in the companies that she’s investing in. I say, drive on!
by renegade06
Fri Jan 08, 2021 8:02 pm
Forum: Personal Investments
Topic: How much do you allocate to international equity?
Replies: 133
Views: 9556

Re: How much do you allocate to international equity?

I’ve boosted mine from 25% up to 35%. It’s closer to the Vanguard recommendation and international is a better value than the U.S. right now. I also wanted to diversify from tech - and there is so much tech within VTI. I’m already at 27% tech in my portfolio. I went on Vanguard and used their compar...
by renegade06
Wed Jan 06, 2021 6:19 pm
Forum: Personal Investments
Topic: Assistance with backdoor Roth at Vanguard
Replies: 5
Views: 514

Re: Assistance with backdoor Roth at Vanguard

Sorry - that was a typo - yes I opened up a traditional IRA. And the money made it in a lot faster than promised - It went in today. So I converted it into my Roth IRA. It was quite easy! Just to confirm, can I leave the traditional IRA open with a $0 balance and use that account to fund my back doo...
by renegade06
Tue Jan 05, 2021 12:04 pm
Forum: Personal Investments
Topic: Assistance with backdoor Roth at Vanguard
Replies: 5
Views: 514

Assistance with backdoor Roth at Vanguard

Happy new year, all! I am trying to do a backdoor Roth at Vanguard. I want to make sure that I'm doing this correctly... - Yesterday, I opened up a traditional Roth and funded it with $6k from my checking account. - Vanguard shows there is unavailable shares and that the funds will be available in 7...
by renegade06
Mon Jan 04, 2021 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: Using HR Block-need a CPA?
Replies: 6
Views: 641

Re: Using HR Block-need a CPA?

I lost all faith in HR Block about 5 years ago after they told me that I owed $12k in taxes that I did not owe. I assume it was just an inexperienced person in that HR Block office, and I understand that people can make mistakes. After that, I moved over to a CPA and am happy. I feel like it’s bette...
by renegade06
Sun Jan 03, 2021 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: USAJobs - Senior Executive Service Positions
Replies: 22
Views: 1548

Re: USAJobs - Senior Executive Service Positions

1) FDIC 2) job posted is only a 4 day window, from 12/31 to 1/4 - very odd to do this over the holidays, in this case likely posting the position just to go through the motions? 3) any SES resume scoring engines - automated / real-time feedback - that can give your resume a "score"? As I ...
by renegade06
Sun Jan 03, 2021 9:11 am
Forum: Personal Finance (Not Investing)
Topic: USAJobs - Senior Executive Service Positions
Replies: 22
Views: 1548

Re: USAJobs - Senior Executive Service Positions

USA Jobs and the entire process of applying for Federal jobs is a complete mess. The initial resume is all about key words and auto scan. You want to put as many of the key words from the job posting into your resume as possible. The resume itself is long form... mine ended up being like 7 pages - s...
by renegade06
Sun Dec 27, 2020 9:33 pm
Forum: Personal Investments
Topic: 10 year update from a Panicked Investor
Replies: 51
Views: 6914

Re: 10 year update from a Panicked Investor

Thanks for posting your update. That is really inspirational to see how you’ve grown your net worth - gives me hope for the next 10 years.
by renegade06
Sat Dec 26, 2020 6:34 pm
Forum: Personal Investments
Topic: Where should my 75 yr old mom invest $35k?
Replies: 3
Views: 459

Where should my 75 yr old mom invest $35k?

My 75 yr old mom has $35k sitting in Vanguard Cash Reserve Federal Money market (VMMXX) making nothing. She’d like to “do something with it” so I thought I’d ask the group for advice. This $35k represents about 5% of her net worth and she has other cash for emergencies, etc. She’s not afraid of stoc...
by renegade06
Fri Dec 25, 2020 7:43 pm
Forum: US Chapters
Topic: "The Hills of Bastogne"
Replies: 93
Views: 6031

Re: "The Hills of Bastogne"

Amen!
by renegade06
Fri Dec 25, 2020 2:43 pm
Forum: Personal Investments
Topic: Having an issue with Personal Capital and TSP
Replies: 3
Views: 370

Re: Having an issue with Personal Capital and TSP

Thanks, Bob. I entered in my new TSP account info into personal capitol, but still no luck.
by renegade06
Fri Dec 25, 2020 2:23 pm
Forum: Personal Investments
Topic: Having an issue with Personal Capital and TSP
Replies: 3
Views: 370

Having an issue with Personal Capital and TSP

Is anyone else having an issue with Personal Capital and TSP? It was working fine until late October. Since then, Personal Capital will not update TSP - even after I tried to refresh it. I deleted the TSP from Personal Capital and tried to add it as a new account.... but no luck. Now my allocations ...
by renegade06
Wed Dec 23, 2020 10:36 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin, Ethereum and Crypto: Educational Thread
Replies: 215
Views: 16892

Re: Bitcoin, Ethereum and Crypto: Educational Thread

I’d like to start a new thread to discuss crypto, but focus on education. I’ve received a few DM’s asking for suggestions on how to learn more about crypto. Instead of continuing to reply to individual posters, I thought it better if we could have a dedicated thread on this topic. This way we can a...
by renegade06
Sun Dec 20, 2020 7:47 pm
Forum: Personal Investments
Topic: Currently with traditional TSP in C and S fund. Wanting to open a Fidelity Roth IRA. Help!
Replies: 6
Views: 515

Re: Currently with traditional TSP in C and S fund. Wanting to open a Fidelity Roth IRA. Help!

Are you planning to continue to contribute to the TSP as part of your job or are you looking to roll over from the TSP and do a Roth conversion? If you are set with something domestic and diversified, you may want to consider a Total Market Fund. This would give you exposure to the entire U.S. start...
by renegade06
Sat Dec 19, 2020 1:02 pm
Forum: Personal Investments
Topic: Vanguard ETF versus Admiral Shares
Replies: 19
Views: 1452

Re: Vanguard ETF versus Admiral Shares

+1 to Livesoft’s comments. You’re fine either way. I converted my shared from VTSAX to VTI last year. You’re AA is fine... I’m 45yo and I am at 12% bonds.

I used PAS in the past and was happy with it. I decided to ditch them once I felt comfortable managing it on my own.
by renegade06
Sun Dec 13, 2020 5:29 pm
Forum: Personal Investments
Topic: Windfall/Retire? Portfolio Review at “Critical Life Decision” Time
Replies: 7
Views: 1232

Re: Windfall/Retire? Portfolio Review at “Critical Life Decision” Time

Hoping the awesome community here can help me out with some financial and life thinking. I’m at a bit of a crossroads. I’m 50 with three kids under 3. (I’m a late bloomer!) My career has let me build up a NW of about 3.3M. I am about to receive inheritance of about $3.9M from grandparent's estate. ...
by renegade06
Fri Dec 11, 2020 11:10 am
Forum: Personal Finance (Not Investing)
Topic: What assets do you include when defining AA and why?
Replies: 30
Views: 1381

Re: What assets do you include when defining AA and why?

I include my taxable and tax-deferred investments, home equity, and emergency fund. I don’t factor in my checking and savings nor future income such as social security and pension.
by renegade06
Mon Dec 07, 2020 10:19 am
Forum: Personal Finance (Not Investing)
Topic: How to think about buying home in HCOL area
Replies: 20
Views: 1867

Re: How to think about buying home in HCOL area

Thank you so much for all of your thoughts... one of the many reasons why I continue to read this board and be helpful when I can. These are all great thoughts to consider... and I feel blessed to even think about these options. I did not come from money... and I certainly don’t want to screw it up....
by renegade06
Mon Dec 07, 2020 6:38 am
Forum: Personal Finance (Not Investing)
Topic: How to think about buying home in HCOL area
Replies: 20
Views: 1867

Re: How to think about buying home in HCOL area

Seems to me you can easily afford the house. That said, will you be working near National Landing? If not, you may want to think about looking elsewhere, because (1) you'd be paying a premium to live close to somewhere you don't actually work, and (2) the traffic in that area may become quite awful...
by renegade06
Sun Dec 06, 2020 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: How to think about buying home in HCOL area
Replies: 20
Views: 1867

Re: How to think about buying home in HCOL area

:?: How should we view buying a home in this HCOL area? I am typically the guy that says that you are crazy and that you should really consider moving to a lower cost of living area. In your case your income and net worth are so high that I would just look at a home purchase as a consumption item a...
by renegade06
Sun Dec 06, 2020 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: How to think about buying home in HCOL area
Replies: 20
Views: 1867

Re: How to think about buying home in HCOL area

With your taxable account and incomes you can do whatever you want (within reason so that excludes the $5M mansion in Great Falls). You'd be buying quality of life/location, so make sure you really want what you'd be paying for. For me yes I'd buy inside the beltway if I was working inside the belt...
by renegade06
Sun Dec 06, 2020 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: How to think about buying home in HCOL area
Replies: 20
Views: 1867

How to think about buying home in HCOL area

Hello fellow BH’s. My fiancé and I live in the DC area and are looking at moving from a townhouse to a SFH. We don’t have kids, but plan to start as soon as we get married in a few months. There is certainly enough space in our townhouse now, so there is not an “emergency” to move right now. Ideally...
by renegade06
Tue Nov 17, 2020 9:11 pm
Forum: Personal Investments
Topic: Percentage of the vanguard int. stock Index
Replies: 38
Views: 2725

Re: Percentage of the vanguard int. stock Index

It is really a personal decision, and there are strong feelings on this topic if you search the forum. Some believe that you don’t need any international. I’m at 27%, but Vanguard is recommending about 40%... so it’s really up to you.
by renegade06
Tue Nov 10, 2020 8:10 pm
Forum: Personal Investments
Topic: AA for military reservist.
Replies: 10
Views: 1204

Re: AA for military reservist.

I’m also a Reservist. I am personally not factoring in my Reserve pension at age 60 into my AA, but it’s nice to know that I will have that income stream coming in. I’ve learned so much from the forum and highly encourage you to continue to read the forum and use the search function. I’ve learned a ...
by renegade06
Sat Oct 17, 2020 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare/medicaid help - newly paralyzed
Replies: 9
Views: 1668

Re: Medicare/medicaid help - newly paralyzed

mur44 wrote: Fri Oct 16, 2020 6:22 pm Yes, Medicaid is the best option. Find a good attorney and
apply for Medicaid.
+1... very sorry to hear about your dad.
by renegade06
Sun Oct 04, 2020 8:52 pm
Forum: Personal Investments
Topic: Am I Holding Too Much Cash?
Replies: 11
Views: 2231

Re: Am I Holding Too Much Cash?

You guys are doing great to far... If I were you, I’d keep at least 6 months in an emergency saving (I personally use an online high yield saving account at Pentagon federal Credit Union). The emergency savings doesn’t have to be just for a job loss (you have a stable job as GS), but you may want to...
by renegade06
Thu Oct 01, 2020 10:38 am
Forum: Personal Investments
Topic: Biotech/Pharma
Replies: 8
Views: 1187

Re: Biotech/Pharma

I like IBB - the Biotech Index. If you want something more aggressive (but very exciting and innovative, imo), look at ARKG. The Ark Fund invests in next generation medical innovation. I've been doing great in that fun, and the companies are extremely exciting. It's a bit more volatile, but this is ...
by renegade06
Tue Sep 22, 2020 4:52 pm
Forum: Investing - Theory, News & General
Topic: Writer Morgan Housel will be our next "Bogleheads on Investing" podcast guest
Replies: 8
Views: 1842

Re: Writer Morgan Housel will be our next "Bogleheads on Investing" podcast guest

I just started reading the book - its very good so far! Great guest to have, Rick.
by renegade06
Sat Sep 19, 2020 10:27 am
Forum: Personal Investments
Topic: Guidance for breaking the news to our financial advisor
Replies: 60
Views: 10692

Re: Guidance for breaking the news to our financial advisor

So, here are my questions: 1) Is it bad form to break the news at our annual review where his staff will be present? Or, is there a compelling reason to reach out to him sooner? I would reach out to them sooner than the meeting and tell them what you posted: we value the guidance he's provided over...
by renegade06
Fri Sep 18, 2020 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Should I help my mother pay off debt?
Replies: 31
Views: 2298

Re: Should I help my mother pay off debt?

I agree with the previous comments here. Your spouse needs to be on board and then I would discuss it with your mother. I think it would be a great thing to do for your mom.
by renegade06
Thu Sep 17, 2020 4:14 pm
Forum: Personal Investments
Topic: Franchises
Replies: 11
Views: 1256

Re: Franchises

On a whim, I applied to Chic-Fil-A and ended up going pretty far in the application process. It was not the best experience, and it confirmed my feeling that it would be better for me to eat there then to operate one. For CF, you don’t OWN anything... you’re an operator, so it’s not really a “franch...
by renegade06
Fri Sep 11, 2020 9:48 am
Forum: Personal Investments
Topic: When to convert IRA to Roth in high tax bracket?
Replies: 12
Views: 1189

Re: When to convert IRA to Roth in high tax bracket?

Generally when you are retired when you will have lower taxable income. However, there could be exceptions. Do you expect a pension? What is your current tax bracket and what do you anticipate your tax bracket in retirement? For the latter you will need to go through all sources of income - pension...
by renegade06
Fri Sep 11, 2020 9:45 am
Forum: Personal Investments
Topic: When to convert IRA to Roth in high tax bracket?
Replies: 12
Views: 1189

Re: When to convert IRA to Roth in high tax bracket?

Agree with the other posters that you won't want to do trigger taxes with Roth conversions in your current bracket. If your goal is to increase savings in tax-advantaged accounts, you may want to check if your current employer offers a mega backdoor Roth option (either into Roth 401k or Roth IRA fr...
by renegade06
Fri Sep 11, 2020 6:57 am
Forum: Personal Investments
Topic: When to convert IRA to Roth in high tax bracket?
Replies: 12
Views: 1189

When to convert IRA to Roth in high tax bracket?

Good morning all - I have the vast majority of my investments in taxable and in the TSP from my former government service. It’s only been over the last couple of years after I joined this community that I’ve been doing the $6k back door Roth. I plan to fund my back door Roth every year moving forwar...
by renegade06
Sun Sep 06, 2020 10:55 am
Forum: Personal Finance (Not Investing)
Topic: What is PenFed good at?
Replies: 77
Views: 5966

Re: What is PenFed good at?

I joined Pen Fed about 20 years ago and have kept my account open but haven’t used them much until recently. I opened a couple of high yield savings accounts with them and the rate is right up there with any of the others like Amex, CIT, Ally, etc. I trust PenFed more than any of the big banks. I us...
by renegade06
Wed Sep 02, 2020 7:47 pm
Forum: Investing - Theory, News & General
Topic: Ark Funds
Replies: 156
Views: 22928

Re: Ark Funds

I love ARK funds and have about 5% of my portfolio between ARKK, ARKG, and ARKF... this is my “innovation” play. I’ve done really well with these and wish I had a lot more room in my Roth for them!