Search found 200 matches

by MillennialFinance19
Mon Feb 10, 2020 7:15 pm
Forum: Personal Consumer Issues
Topic: How often do you need new car tires?
Replies: 39
Views: 2601

Re: How often do you need new car tires?

We’ve got top end Michelin’s on the Toyota and it’s nearing 60k with them and they’re still looking good. We’ve had cheaper sets last 30-40k, however.
by MillennialFinance19
Sun Feb 09, 2020 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Am I crazy to consider quitting my job?
Replies: 128
Views: 13143

Re: Am I crazy to consider quitting my job?

As a fellow federal employee, I’m a no on this. You have a way better than average part time gig. It has a pension. It has great healthcare. Etc etc. I think once the 1 YO reaches school age, you’ll quickly be glad that you hadn’t done this. With all that said, only you can know what the right move ...
by MillennialFinance19
Thu Feb 06, 2020 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Couples w/ kids: What is/was the most expensive time period of your life?
Replies: 145
Views: 11128

Re: Couples w/ kids: What is/was the most expensive time period of your life?

cshell2 wrote:
Wed Feb 05, 2020 8:47 am
MillennialFinance19 wrote:
Wed Feb 05, 2020 8:45 am
We’re in a LCOL area and spend 9k per kid annually on day care. I can’t imagine my expenses increasing enough to erase a $1500 per month surplus of funds.
LOL

Just you wait. :twisted:
I guess I'll have to report back here with my results :shock:
by MillennialFinance19
Thu Feb 06, 2020 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Couples w/ kids: What is/was the most expensive time period of your life?
Replies: 145
Views: 11128

Re: Couples w/ kids: What is/was the most expensive time period of your life?

We’re in a LCOL area and spend 9k per kid annually on day care. I can’t imagine my expenses increasing enough to erase a $1500 per month surplus of funds. LOL Just you wait. :twisted: #College He said excluding college. I have no question that college will be more expensive, however, I do plan to h...
by MillennialFinance19
Wed Feb 05, 2020 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Couples w/ kids: What is/was the most expensive time period of your life?
Replies: 145
Views: 11128

Re: Couples w/ kids: What is/was the most expensive time period of your life?

We’re in a LCOL area and spend 9k per kid annually on day care. I can’t imagine my expenses increasing enough to erase a $1500 per month surplus of funds.
by MillennialFinance19
Sat Feb 01, 2020 2:11 pm
Forum: Personal Investments
Topic: My Sis is going to Ray James, is this fee right?
Replies: 94
Views: 6575

Re: My Sis is going to Ray James, is this fee right?

If I were to use Raymond James, the FA would be able to diligently save the fees at that rate and in 2 years, buy himself a Porsche 911 GT-3 at MSRP. I prefer to pay less than $500 a year, which I presently do. I'll keep the money and someday buy myself that GT-3. Unrelated - but perfect car choice.
by MillennialFinance19
Sat Feb 01, 2020 1:05 pm
Forum: Personal Investments
Topic: My Sis is going to Ray James, is this fee right?
Replies: 94
Views: 6575

Re: My Sis is going to Ray James, is this fee right?

Okay, so this is where I have an issue. I’m all for staying out of the family money convo, but there has to be a line. For example - when my family member was selling golf clubs on Craigslist and was bragging about it, I recognized the scam. I immediately told him he was being ripped off. He disrega...
by MillennialFinance19
Thu Jan 30, 2020 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: How much money can I spend on a car?
Replies: 59
Views: 4763

Re: How much money can I spend on a car?

Reading OPs past posts make this borderline unbelievable. Troll alarms are sounding. I await OP's every-so-often posts. I can't believe others don't see the name and immediately remember the entertainment value of their previous contributions. I just read through them all. I wish my wife was in the...
by MillennialFinance19
Thu Jan 30, 2020 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: How much money can I spend on a car?
Replies: 59
Views: 4763

Re: How much money can I spend on a car?

Reading OPs past posts make this borderline unbelievable. Troll alarms are sounding.

Not to mention - If I’m spending $150k on a car, I’m coming home with a Porsche 911 GT3 or a comparable Ferrari. Mercedes... :confused BMW... :oops:
by MillennialFinance19
Wed Jan 29, 2020 2:34 pm
Forum: Personal Investments
Topic: AXA Advisor - VUL and Term Insurance
Replies: 36
Views: 1318

Re: AXA Advisor - VUL and Term Insurance

Ugh, no.

CPAs do taxes and are quite qualified. If you need that, hire one and rely on his fiduciary-bound advice.

The salesman will surely buy you a steak dinner if you purchase a VUL. You can take that to the bank. Hope you enjoy the steak.
by MillennialFinance19
Tue Jan 28, 2020 6:16 pm
Forum: Personal Consumer Issues
Topic: How to send form with personal info securely?
Replies: 13
Views: 945

Re: How to send form with personal info securely?

Send via email. There are a myriad of other ways your personal info can be compromised, but this isn’t one I’d be particularly worried about.
by MillennialFinance19
Thu Jan 23, 2020 9:39 pm
Forum: Investing - Theory, News & General
Topic: Hsa
Replies: 12
Views: 931

Re: Hsa

You can have more than one HSA, but cannot exceed the IRS limit in combined contributions. I have HSA bank for all of my pass-thru contributions. All of my personal contributions via payroll deduction go to Fidelity. I just made a personal choice to use Fidelity for my “investment HSA”, while using ...
by MillennialFinance19
Thu Jan 23, 2020 8:04 pm
Forum: Personal Investments
Topic: Contribution Limit for HSA Plan Started Jan 5th, 2020
Replies: 15
Views: 1015

Re: Contribution Limit for HSA Plan Started Jan 5th, 2020

So what I’m doing is contributing $7100 this year (this includes the match), and will ensure I’m in the HSA eligible plan next year. From all I’ve read here, I should be all set . I would agree. Worst case scenario is you lose HSA-eligible coverage sometime in 2021 and fail the testing period for 2...
by MillennialFinance19
Thu Jan 23, 2020 6:11 pm
Forum: Personal Investments
Topic: Contribution Limit for HSA Plan Started Jan 5th, 2020
Replies: 15
Views: 1015

Re: Contribution Limit for HSA Plan Started Jan 5th, 2020

Your HSA contribution limit is normally pro-rated based on HDHP coverage eligibility as of the 1st of each month, but there is a last-month rule. If you have coverage on 12/1, the HDHP plan's full contribution limit applies. It is your choice to contribute 11/12 or 12/12 of the full contribution li...
by MillennialFinance19
Thu Jan 23, 2020 10:33 am
Forum: Personal Investments
Topic: Contribution Limit for HSA Plan Started Jan 5th, 2020
Replies: 15
Views: 1015

Re: Contribution Limit for HSA Plan Started Jan 5th, 2020

Thanks all. Looks like I’m all set. Appreciate the great feedback.
by MillennialFinance19
Thu Jan 23, 2020 8:42 am
Forum: Personal Investments
Topic: Contribution Limit for HSA Plan Started Jan 5th, 2020
Replies: 15
Views: 1015

Re: Contribution Limit for HSA Plan Started Jan 4th, 2020

rterickson wrote:
Thu Jan 23, 2020 8:22 am
Does the HDHP coverage begin on Jan. 1 or Feb. 1? That'll be your answer.
I just called GEHA, my actual coverage start date is 1/5/2020 (NOTE: I adjusted my post title to reflect). Am I correct in thinking I can only fund 11/12 months?
by MillennialFinance19
Thu Jan 23, 2020 8:19 am
Forum: Personal Investments
Topic: Roth contribution for 2020
Replies: 1
Views: 250

Re: Roth contribution for 2020

HappyJack wrote:
Thu Jan 23, 2020 8:15 am
If I am eligible to contribute to a Roth for 2020, can I transfer the lump sum in today for the year or do I have to wait until that income is earned in 2020.
If you know you’ll have the income, you can do it now.
by MillennialFinance19
Thu Jan 23, 2020 6:38 am
Forum: Personal Investments
Topic: Contribution Limit for HSA Plan Started Jan 5th, 2020
Replies: 15
Views: 1015

Contribution Limit for HSA Plan Started Jan 5th, 2020

My HSA plan began on Jan 4th of this year (switched from non-hdhp). Does this mean I can only contribute $6508 instead of $7100 (11 out of 12 months)? It seems like that is what I’m reading but cannot find a definite answer. Thanks.
by MillennialFinance19
Wed Jan 22, 2020 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: What did you do cool with your money today?
Replies: 104
Views: 8038

Re: What did you do cool with your money today?

I spent $3k in much needed driveway upgrades. This includes several loads of fill, millings, and labor. Can't wait to see the smooth (mud-free) finished product.
by MillennialFinance19
Mon Jan 20, 2020 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Retire Early? Pay off mortgage?
Replies: 29
Views: 2930

Re: Retire Early? Pay off mortgage?

Based on your plan, paying off the mortgage would probably lead to some peace of mind. That’s worth something.
by MillennialFinance19
Sat Jan 18, 2020 7:50 pm
Forum: Personal Consumer Issues
Topic: Best Way to Resolve Property Line/Fence Issue with Heirs
Replies: 53
Views: 3866

Re: Best Way to Resolve Property Line/Fence Issue with Heirs

JBTX wrote:
Fri Jan 17, 2020 10:39 pm
I don't know much about this but for 10 feet of a million dollar property in CA I absolutely would get an attorney involved.
+1
by MillennialFinance19
Thu Jan 16, 2020 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Pay Down Mortgage...with a twist.
Replies: 9
Views: 1717

Re: Pay Down Mortgage...with a twist.

By my quick math, your total portfolio is roughly $4m. Based on that alone, I think this choice will be solely dependent on personal preference. Me personally, I’d be paying it off. This would also allow you to lock in some gains without “market timing” per se.
by MillennialFinance19
Tue Jan 14, 2020 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Daycare Provider Wants to Charge $20/week for Receipt
Replies: 145
Views: 9567

Re: Daycare Provider Wants to Charge $20/week for Receipt

The wife and I have been using our FSA for 2 years now. We learned early on that the FSA reimbursement process was irritating, as the vendor, FSA Feds in this case, needs the receipt to show very specific information from the childcare facility. After 2-3 months, we were pretty savvy and haven't had...
by MillennialFinance19
Tue Jan 07, 2020 7:47 am
Forum: Personal Investments
Topic: What was Your 2019 Personal Advisor Results?
Replies: 21
Views: 2201

Re: What was Your 2019 Personal Advisor Results?

I use the firm MillennialFinance. They're a small start-up run out of a home office. The owner (me) is nice enough to only charge me 0% for his services. He has this belief that investors should keep more of their own money - weird, I know. Oh, the results! My TSP which is 70/30 was about 26%. Both ...
by MillennialFinance19
Fri Jan 03, 2020 7:20 am
Forum: Personal Finance (Not Investing)
Topic: Getting married, spouse low/no-income. What to do?
Replies: 15
Views: 3107

Re: Getting married, spouse low/no-income. What to do?

I'd be careful on this. Have you discussed whether her long term goals are to be a SAHM or a working professional and mom simultaneously? My wife wouldn't be able to function without her job. In fact, it makes coming home to our children every evening even better. Also, as someone stated above, $35-...
by MillennialFinance19
Tue Dec 31, 2019 8:28 am
Forum: Personal Finance (Not Investing)
Topic: How much were you able to save this year?
Replies: 142
Views: 10619

Re: How much were you able to save this year?

Until I was about 35 (5 years ago) I had the mindset that 10% into 401k was “good enough” and tended to spend the rest. Since then I’ve been trying to steadily increase savings and reduce spending. It’s going fairly well to the point where we were able to save about $90k this year (includes all emp...
by MillennialFinance19
Sat Dec 28, 2019 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Prefer spending money on investing rather than "things"? Is this weird?
Replies: 37
Views: 2695

Re: Prefer spending money on investing rather than "things"? Is this weird?

Honestly, we're a little more balanced. We both enjoy several things that cost pretty decent money, and really have no intention of giving them up. But in the long term, meeting savings goals allows us to feel better about splurging on guilty pleasures. So without the high savings rate, I doubt we w...
by MillennialFinance19
Sat Dec 28, 2019 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Turbotax 2019 on Amazon
Replies: 346
Views: 36448

Re: Turbotax 2019 on Amazon

I have been using the online version of TurboTax for many years. If I get the desktop version, will I be able to import data from my last year's return which was done online? Thanks You will, I just did it no more than 5 minutes ago. Go to TT online and download the .TAX file. This will then be upl...
by MillennialFinance19
Sat Dec 28, 2019 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Turbotax 2019 on Amazon
Replies: 346
Views: 36448

Re: Turbotax 2019 on Amazon

Can Deluxe support 1099-S reporting, and, subsequently creating a basis for said transactions? TT online always pushed me to Premier but if I can get by with Deluxe I'm going to jump on this deal. Also - will this still upload my prior year data from TT online? EDIT: bought anyway. Data from last ye...
by MillennialFinance19
Fri Dec 27, 2019 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Goodbye USAA
Replies: 72
Views: 8911

Re: Goodbye USAA

I was with USAA from the time my military service began until about a year after I got out, so roughly 6 years total. Once I saw my bill for one vehicle climb to $160/month, I decided to look around (this was in 2011). I spent weeks looking at different companies and gathering quotes, and finally, S...
by MillennialFinance19
Thu Dec 26, 2019 1:08 pm
Forum: Personal Consumer Issues
Topic: What tech wiring in new build house?
Replies: 124
Views: 7098

Re: What tech wiring in new build house?

We built a custom home in 2016. We ran Cat-6e to every room in the house and from the security cameras to the control room. We also ran long HDMI cables to transmit the security feed in the living room and the bedroom. We have no phone lines and no coax. Overall, we're glad we did it, but we defini...
by MillennialFinance19
Sun Dec 22, 2019 11:12 am
Forum: Personal Consumer Issues
Topic: What tech wiring in new build house?
Replies: 124
Views: 7098

Re: What tech wiring in new build house?

We built a custom home in 2016. We ran Cat-6e to every room in the house and from the security cameras to the control room. We also ran long HDMI cables to transmit the security feed in the living room and the bedroom. We have no phone lines and no coax. Overall, we're glad we did it, but we definit...
by MillennialFinance19
Sat Dec 21, 2019 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Having $200k in cash. Should I buy 2 houses for my kids? OR VTSAX
Replies: 60
Views: 6070

Re: Having $200k in cash. Should I buy 2 houses for my kids? OR VTSAX

One of the guys in my office has been unable to buy a house because his wife wants enough land so their 3 kids, all under 7, can build houses on the same property one day. This kind of thinking is crazy to me. How on earth can you possibly know where your 1, 3, and 7 year old will want to live. :co...
by MillennialFinance19
Sat Dec 21, 2019 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: Having $200k in cash. Should I buy 2 houses for my kids? OR VTSAX
Replies: 60
Views: 6070

Re: Having $200k in cash. Should I buy 2 houses for my kids? OR VTSAX

One of the guys in my office has been unable to buy a house because his wife wants enough land so their 3 kids, all under 7, can build houses on the same property one day. This kind of thinking is crazy to me. How on earth can you possibly know where your 1, 3, and 7 year old will want to live. :con...
by MillennialFinance19
Sat Dec 21, 2019 6:49 pm
Forum: Personal Investments
Topic: How much in 529 is enough to fund college?
Replies: 114
Views: 10530

Re: How much in 529 is enough to fund college?

We fight with this all the time. Going to aim for $200k per kid and hope it works!
by MillennialFinance19
Sat Dec 21, 2019 6:39 pm
Forum: Personal Investments
Topic: Help My Cousins Financial Situation Please
Replies: 11
Views: 1489

Re: Help My Cousins Financial Situation Please

If he lump sum invested $100k for 40 years at 5% he’d have approximately $730k. This is irrespective of taxes he may pay in a taxable account.
by MillennialFinance19
Thu Dec 19, 2019 6:01 am
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 896
Views: 148361

Re: High Earners - What's Your Profession?

Federal employee, wife is a school teacher. We also invest in real estate on the side. Gross, we're anywhere from $180k-220k annually. Don’t know whether that really qualifies as “high earnings” but we are in the same boat. Combined gross earnings of 180k, normally over 200k thanks to OT. We’re in ...
by MillennialFinance19
Wed Dec 18, 2019 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 896
Views: 148361

Re: High Earners - What's Your Profession?

Federal employee, wife is a school teacher. We also invest in real estate on the side. Gross, we're anywhere from $180k-220k annually.
by MillennialFinance19
Wed Dec 18, 2019 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Is anyone here surviving without a credit card?
Replies: 85
Views: 4218

Re: Is anyone here surviving without a credit card?

Irenaeus wrote:
Wed Dec 18, 2019 1:09 pm
How difficult is it to survive without a credit card?
Survive, probably pretty doable. Would I want to do it - absolutely not. I have a system, I know it well, and wouldn't want to trade it for anything.
by MillennialFinance19
Wed Dec 18, 2019 7:18 am
Forum: Personal Finance (Not Investing)
Topic: Fell asleep at the wheel - Predicting a 2019 tax underpayment penalty
Replies: 31
Views: 4022

Re: Fell asleep at the wheel - Predicting a 2019 tax underpayment penalty

I figured out what happened. We got married in Oct of 2018 and filed 2018 as MFJ but had been each individually withholding all through 2018 at the single rate. This year we both were withholding at the 'married' rate but the calculation was being treated as if each job was the only income for the ...
by MillennialFinance19
Mon Dec 09, 2019 11:57 am
Forum: Personal Investments
Topic: Can i retire?
Replies: 48
Views: 4748

Re: Can i retire?

Do you have a social security account login? If you do, you’ll get personalized estimates based on your actual earnings on record with SSA.
by MillennialFinance19
Sun Dec 08, 2019 9:00 am
Forum: Personal Finance (Not Investing)
Topic: How important is it to get your house paid off?
Replies: 12
Views: 1461

Re: How important is it to get your house paid off?

I mean, do you really enjoy the lake life? I grew up in Michigan and spent tons of my summers on the various lakes. Unfortunately, my family didn't have the means to live on one. In reality, if I ever had a lake house there is almost no chance I would give it up unless I was in financial distress an...
by MillennialFinance19
Tue Dec 03, 2019 7:35 am
Forum: Personal Finance (Not Investing)
Topic: How Much Is The Value of Your Net Worth Important to You?
Replies: 74
Views: 6515

Re: How Much Is The Value of Your Net Worth Important to You?

I mean it definitely holds importance as a metric and has real world implications. If your NW is $5m, that should mean that you can liquidate all assets and be left with $5m cash. Regardless of other factors, that provides context to whether or not you'll outlive your money. On the inverse, if your ...
by MillennialFinance19
Thu Nov 28, 2019 9:33 am
Forum: Personal Consumer Issues
Topic: I wish I could ignore it...but I can't (ZILLOW!)
Replies: 68
Views: 9649

Re: I wish I could ignore it...but I can't (ZILLOW!)

My house is $280k on Zillow and the FMV would be in the $450k range. My neighbors was the same until he listed at $580k, at which point the value adjusted. Long story short - if you list, Zillow will adjust. Zillow does not take list price into account. What likely happened is that they got a lot n...
by MillennialFinance19
Wed Nov 27, 2019 1:03 pm
Forum: Personal Consumer Issues
Topic: I wish I could ignore it...but I can't (ZILLOW!)
Replies: 68
Views: 9649

Re: I wish I could ignore it...but I can't (ZILLOW!)

My house is $280k on Zillow and the FMV would be in the $450k range. My neighbors was the same until he listed at $580k, at which point the value adjusted.

Long story short - if you list, Zillow will adjust.
by MillennialFinance19
Mon Nov 25, 2019 10:37 am
Forum: Personal Consumer Issues
Topic: Found hidden safe, should we crack?
Replies: 303
Views: 87063

Re: Found hidden safe, should we crack?

wilked wrote:
Mon Nov 25, 2019 9:59 am
Skip the robot, drill a small hole (should be $10 of drill bits and 20 mins of your time), and stick a boroscope in
The best part about doing this is you could easily insert a steel rod and weld shut in the future, making the safe viable (mostly) as it was previously.
by MillennialFinance19
Mon Nov 25, 2019 9:24 am
Forum: Personal Consumer Issues
Topic: Bench press and weights
Replies: 59
Views: 4020

Re: Bench press and weights

Bob Sacamano wrote:
Sun Nov 24, 2019 6:14 pm
Cant go wrong with ROGUE gear
My entire home gym is rogue. Wasn’t cheap, but it’ll be there for 25 years.
by MillennialFinance19
Mon Nov 25, 2019 9:11 am
Forum: Personal Consumer Issues
Topic: Found hidden safe, should we crack?
Replies: 303
Views: 87063

Re: Found hidden safe, should we crack?

1) this is an awesome floor safe, I would work hard not to destroy it. There is a locksmith that can open it without destroying, you just have to find them.

2) at some point this likely had valuable items, why else build it?

3) you are now obligated to tell us how this works out!!!!
by MillennialFinance19
Thu Nov 21, 2019 12:26 pm
Forum: Personal Investments
Topic: Effect of 27 Paychecks in 2020 to TSP
Replies: 30
Views: 2860

Re: Effect of 27 Paychecks in 2020 to TSP

Weird. I'm paid through DFAS and my first paycheck of 2020 falls on Jan 10.