Search found 69 matches

by life in slices
Fri Oct 11, 2019 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard keeps pushing their financial advisors...why?
Replies: 88
Views: 6354

Re: Vanguard keeps pushing their financial advisors...why?

I also believe you can call them to opt-out of these emails from them
by life in slices
Wed Aug 14, 2019 2:51 pm
Forum: Personal Consumer Issues
Topic: Trail running shoes for light hiking
Replies: 48
Views: 3276

Re: Trail running shoes for light hiking

My goto shoes for hiking For smaller mountains, I use Merrell Men's Trail Glove 4 Runner https://www.amazon.com/gp/product/B07D5PX89X/ super comfortable, have a great grip and don't cause blisters, etc. I probably use these more often - caveat is they are not waterproof, don't have ankle support and...
by life in slices
Wed Jun 26, 2019 2:54 pm
Forum: Personal Investments
Topic: Overfunded 529? Should I withdraw for K-12?
Replies: 5
Views: 485

Re: Overfunded 529? Should I withdraw for K-12?

https://www.washingtonpost.com/lifestyle/on-parenting/you-can-now-use-a-529-to-pay-for-k-12-tuition--so-should-you/2018/02/27/885fb5a4-1aff-11e8-9de1-147dd2df3829_story.html?noredirect=on&utm_term=.1ee6cca9ffa5 Under the new law, starting with the 2018 tax year, you can withdraw $10,000 per student ...
by life in slices
Mon Jun 24, 2019 9:38 am
Forum: Personal Finance (Not Investing)
Topic: stop payment on check ?
Replies: 14
Views: 1150

Re: stop payment on check ?

One option for future large payments is to send it certified which is something like $3-4 extra. It will let you know where it is (at least its last location) and when it was delivered
by life in slices
Thu Jun 20, 2019 4:13 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 941
Views: 126106

Re: Post your Financial Milestone Announcements Here

Nearing 55 and... 1) Got one of my children to open a Roth IRA.....the first step to next generation financial independence. He did so at age of 20 while still an undergrad. Next milestone is another child to do same. 2) Made last term life payment. 3) Making last undergrad tuition payment next mon...
by life in slices
Thu Jun 20, 2019 3:03 pm
Forum: Personal Investments
Topic: Which Fidelity US and Int Index is recommended
Replies: 5
Views: 441

Re: Which Fidelity US and Int Index is recommended

I use FSKAK (Fidelity Total Market) and FTIHX (Fidelity Total International)

0.02% and 0.06% ER respectively
by life in slices
Thu Jun 20, 2019 2:56 pm
Forum: Personal Investments
Topic: What should be my next investing move?
Replies: 7
Views: 1103

Re: What should be my next investing move?

I would at a minimum, if you are going to keep > 10K in cash (emergency fund, etc.) in savings, open an online hi-yield savings account like Ally or Capital 360 - they yield in the range of 2.0-2.2% ETA: is job #2 a self-employed business? If so, you could open a solo-401k/roth solo-401k Also wanted...
by life in slices
Thu Jun 20, 2019 2:50 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 941
Views: 126106

Re: Did I Make it or no?

I look at both total net worth with home value in it and 'liquid net worth' (investments and cash) only and track the growth of both I don't think there is an issue in including the equity in your house in your net worth - it has tangible value (and your mortgage would be in the liability column any...
by life in slices
Thu Jun 20, 2019 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Paying off my mortgage - what to expect?
Replies: 46
Views: 4453

Re: Paying off my mortgage - what to expect?

Thought I would post an update for y’all. I received a couple of letters from my lender thanking me for my business, letting me know that my loan was paid off and my account closed. Last week i received a letter containing a “substitution of trustee & deed of reconveyance.” It contains a ton of wor...
by life in slices
Wed Jun 19, 2019 3:46 pm
Forum: Personal Consumer Issues
Topic: What non fiction book will you be reading in 2019?
Replies: 198
Views: 19245

Re: What non fiction book will you be reading in 2019?

I really enjoyed "The Myth of Capitalism: Monopolies and the Death of Competition" by Johnathan Tepper

Maybe provocative but I like reading things that expand/challenge my thinking

Gives insight into ongoing consolidation in the US and Globally that has been having an impact on prices, wages, etc.
by life in slices
Wed Jun 19, 2019 6:31 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage refi and solo vs joint loan
Replies: 3
Views: 224

Re: Mortgage refi and solo vs joint loan

I did most of my latter refis with just myself on the mortgage; IMO it was easier as only one of us had to go to the signing. Never had any issues.
by life in slices
Tue Jun 18, 2019 6:34 am
Forum: Personal Consumer Issues
Topic: Rental Cars and Teenagers
Replies: 7
Views: 522

Re: Rental Cars and Teenagers

It's going to depend on the rental car company and their policies

For example - Hertz allows for 18 year olds to drive certain cars with a $52/day surcharge
https://www.hertz.com/rentacar/reservat ... OAG=LGAT01
by life in slices
Mon Jun 17, 2019 3:09 pm
Forum: Personal Consumer Issues
Topic: Anyone make their own tortillas?
Replies: 37
Views: 3389

Re: Anyone make their own tortillas?

For those Gluten free people...

I make great tortillas out of Otto's cassava flour and usually toast them either on the grill

yum!
by life in slices
Mon Jun 17, 2019 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: With hindsight, what signs indicated you were about to lose your job?
Replies: 127
Views: 12646

Re: With hindsight, what signs indicated you were about to lose your job?

Great thread to read through as i have seen lots of the same over the years i have been in sales most of my life and the big red flags for me that had me jump ship before layoffs and cuts: 1. Management started to suggest unethical behavior (side deals, bribery, etc.) 2. Management suggested activit...
by life in slices
Mon Jun 17, 2019 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Doing Your Own Taxes
Replies: 36
Views: 3487

Re: Doing Your Own Taxes

I have always done my taxes, even with multiple W-2s, 1099 from side jobs, investments including ISOs, RSUs, ESPPS, etc., and haven't found it too challenging or scary to do it. I have used TurboTax for the last decade (or two perhaps) to do my taxes- but I always hand-check everything to confirm th...
by life in slices
Mon Jun 17, 2019 11:50 am
Forum: Personal Investments
Topic: tIRA contribution post tax
Replies: 20
Views: 484

Re: tIRA contribution post tax

I was advised to wait 30+ days as a matter of protocol? By whom? There is no reason to do that. Once the funds have settled they can be converted. Cheers Somoene mentioned the IRS step transaction doctrine and said it is safer to keep over 30 days between these. Although it does not make a lot of s...
by life in slices
Mon Jun 17, 2019 11:46 am
Forum: Personal Investments
Topic: Need help / guidance with work 401k fund options-allocation
Replies: 4
Views: 297

Re: Need help / guidance with work 401k fund options-allocation

I posted a few months back about leaving EJ, which I did for Schwab. On to brighter paths. Obviously steering towards index funds. Below are the fund options for my work 401k. I was in Oanmx, TBCIX, IINCX (for international) and VSEQX. 12 percent contribution + (4 percent match from work) I'm 40 ye...
by life in slices
Mon Jun 17, 2019 11:14 am
Forum: Personal Investments
Topic: tIRA contribution post tax
Replies: 20
Views: 484

Re: tIRA contribution post tax

Hi all So I have a 401k through work and I max out all possible pretax retirement contributions there. However I just opened a tIRA with Vanguard and put $6000 into it, moved from other money I have in my regular brokerage account, so post tax. My understanding is this is allowed up to that $6000 l...
by life in slices
Sun Jun 16, 2019 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: With hindsight, what signs indicated you were about to lose your job?
Replies: 127
Views: 12646

Re: With hindsight, what signs indicated you were about to lose your job?

8foot7 wrote:
Sun Jun 16, 2019 2:44 pm
The whole “re-interview for your own job” is a farce I refuse to go through. You know me and what I can do. If you ask me to apply for my own job again I’ll decline and go apply elsewhere. It’s just a sign of stupider things to come.
The same - I can be disrespected on my own time.
by life in slices
Thu Jun 13, 2019 1:19 pm
Forum: Personal Investments
Topic: Backdoor ROTH Traditional IRA contribution: Settlement fund MM or Prime MM fund?
Replies: 13
Views: 458

Re: Backdoor ROTH Traditional IRA contribution: Settlement fund MM or Prime MM fund?

I started my back door Roth at Fidelity last year and just did my second year's worth of contribution last week Deposited into settlement fund Took 5 days to clear Transferred to Roth IRA invested into desired funds I think last year in the time it took for the deposit to clear generated 0.41 intere...
by life in slices
Thu Jun 13, 2019 12:12 pm
Forum: Personal Investments
Topic: Solo 401k Question
Replies: 17
Views: 1351

Re: Solo 401k Question

2. Do I have to roll all existing pre-tax IRAs into the 401k plan? I have read that, but I feel like that shouldn't matter because I am not trying to do a Roth conversion from pre-tax accounts right now. Even if I did want to do that, and waited till I have a low income year (I am only 41), such as...
by life in slices
Thu Jun 13, 2019 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Ally Checking vs Capital One 360 Checking
Replies: 16
Views: 1663

Re: Ally Checking vs Capital One 360 Checking

Started with "Ing Orange" in 2004,now cap 360 Never looked around, Just pleased. :happy The same - think I signed up for ING direct in 2001 and the rates have been some of the best along the way, so I never really looked elsewhere either (but maybe missed out on some of the transfer bonus money). H...
by life in slices
Thu Jun 13, 2019 9:06 am
Forum: Personal Investments
Topic: mechanics of backdoor roth conversion for MFJ couple
Replies: 7
Views: 549

Re: mechanics of backdoor roth conversion for MFJ couple

I suggest that you not get into this too quickly. Many people mess it up and unwinding it can be long and unpleasant. Read everything you can on the back door. There are hundreds of threads available here. Also read at least 20 threads on how people have messed it up. And finally, figure out the pa...
by life in slices
Wed Jun 12, 2019 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: How much is your guys’ fees for your 401k?
Replies: 96
Views: 5718

Re: How much is your guys’ fees for your 401k?

Paid over $700 last year, and it makes me mad every time I think about it, and this year it will be more, and more and more. I work for a small company of about 50 people, 38 are active in the 401, ADP is the 401 provider, we have 4 Mil in assets currently, and ADP uses an advisor as the middle man...
by life in slices
Wed Jun 12, 2019 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: How much is your guys’ fees for your 401k?
Replies: 96
Views: 5718

Re: How much is your guys’ fees for your 401k?

PersianRugs wrote:
Wed Jun 12, 2019 6:35 pm
I’m not talking expense ratio for funds, just how much you pay per month/year for your 401k account.

Mine is $2.50 a month, not sure if that’s cheep or expensive or pretty normal. It doesn’t really sound expensive
$56/year paid quarterly at Fidelity
by life in slices
Wed Jun 12, 2019 1:44 pm
Forum: Personal Investments
Topic: mechanics of backdoor roth conversion for MFJ couple
Replies: 7
Views: 549

Re: mechanics of backdoor roth conversion for MFJ couple

roadnottaken wrote:
Wed Jun 12, 2019 1:34 pm
Thanks, can you do them at the same time (i.e. same day)?
No issues

$6K into your IRA and $6K into your wife's IRA

When the deposit clears and is available for conversion - covert your IRA over to your Roth IRA then convert your wife's IRA to her Roth IRA

Good luck!
by life in slices
Wed Jun 12, 2019 1:24 pm
Forum: Personal Investments
Topic: Mega Backdoor Roth - How to setup?
Replies: 17
Views: 1441

Re: Mega Backdoor Roth - How to setup?

Long story short, during the interview phase my new employer said they offered a Mega Back Door Roth. Now that the dust is settled, it appears no one in the HR department really knows what that means or how to set it up. They keep saying "we offer after tax contributions with a roth in plan convers...
by life in slices
Wed Jun 12, 2019 1:15 pm
Forum: Personal Consumer Issues
Topic: 50 or 75 gallon water heater?
Replies: 67
Views: 4541

Re: 50 or 75 gallon water heater?

I moved to a tankless about 7 years ago and it has been great with the large family we have The only drawback is that it has to push all of the cold water out ahead of it, so it takes a bit longer for hot water to hit the shower, etc (read about 'cold water gap') I think it was in the $2-3K installe...
by life in slices
Wed Jun 12, 2019 1:10 pm
Forum: Personal Consumer Issues
Topic: How to move with bags inside JFK (official) long term parking lot?
Replies: 10
Views: 1070

Re: How to move with bags inside JFK (official) long term parking lot?

What I normally do (since I travel with a kid as well) is drop off my wife / kid / luggage at the main terminal and then go to park the car. Adds a few more minutes, but saves the hassle of trying to maneuver around the airport, with luggage/kids/etc. In theory, your wife can check in when you drop...
by life in slices
Tue Jun 11, 2019 10:13 am
Forum: Investing - Theory, News & General
Topic: Expense Ratio for Employer 401K High?
Replies: 12
Views: 874

Re: Expense Ratio for Employer 401K High?

GF now eligible for 401K through work, but the choices are limited. Looks like everything is through American Funds. Employer matches up to 3% so want to take advantage of that, but something doesn't make sense. When I look up the expense ratio of the 2030 Target Dated Fund on the AF website, it is...
by life in slices
Thu Jun 06, 2019 8:13 pm
Forum: Investing - Theory, News & General
Topic: Safety of investing in CDs with online bank?
Replies: 9
Views: 1284

Re: Safety of investing in CDs with online bank?

I have 2 yr and 3 yr CDs at Capital 360 - no worries on my end
by life in slices
Thu Jun 06, 2019 10:41 am
Forum: Personal Investments
Topic: MEFA UPlan vs 529 College Savings?
Replies: 4
Views: 267

Re: MEFA UPlan vs 529 College Savings?

I am in MA and remember having a similar option before me when we started saving for our kids education I don't have a detailed analysis, but why I used 529s from a basic level was: 1. More options - it allows my kids to attend schools out of MA - it is pretty restrictive in having savings limited t...
by life in slices
Thu Jun 06, 2019 7:26 am
Forum: Personal Investments
Topic: Re-balancing Question
Replies: 7
Views: 784

Re: Re-balancing Question

Hi BHs A commonly recommended re-balancing strategy is to re-balance major asset classes once they exceed +/- 5% of one’s target. When this occurs during accumulation years (where on-going new contributions can help stabilize the %’s), it’s usually b/c the market is either rapidly rising or rapidly...
by life in slices
Thu Jun 06, 2019 7:11 am
Forum: Personal Investments
Topic: ESPP questions
Replies: 4
Views: 254

Re: ESPP questions

Here is a good summary of ESPP programs and selling shares: https://us.etrade.com/knowledge/library/stock-plans/employee-stock-purchase-plan I would reach out to your company's finance dept or the person managing the plan for clarification. Those statements in your plan see pretty restrictive and do...
by life in slices
Wed Jun 05, 2019 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Failed land investments and what to do with it?
Replies: 139
Views: 9758

Re: Low ball offer to buy my useless land, take it or leave it?

Unsolicited offer? I would be vary of something like that (unless it was in response to an ad you placed)

I guess it comes down to deciding your pain tolerance for holding them vs. selling them. If you don't see them having any value to you in the future, I would cut bait and sell them.
by life in slices
Wed Jun 05, 2019 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Refinance -- Advice Sought
Replies: 7
Views: 521

Re: Mortgage Refinance -- Advice Sought

Odds are she won't have the loan for 30 years. How long will it take to break even in each case, and is she likely to keep the loan that long? Taxes used to matter quite a bit in this comparison, but less so nowadays when the points have to be amortized over 30 years and the people mostly aren't ta...
by life in slices
Wed Jun 05, 2019 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off Mortgage or Save for Down Payment
Replies: 12
Views: 623

Re: Pay off Mortgage or Save for Down Payment

Just my take in a different direction - Make sure that you have enough liquidity to weather any unexpected hurdles/issues that life may throw at you About 15 years ago when moving to the Boston area from NJ we had our current house and our new house under agreement and looked to align closing dates ...
by life in slices
Tue Jun 04, 2019 4:39 pm
Forum: Personal Investments
Topic: Young Investor 401K Asset Allocation Question
Replies: 6
Views: 328

Re: Young Investor 401K Asset Allocation Question

I have been investing for almost 20-25 years now; I have pulled money out of the market or kept it on the sideline waiting in response to what i thought was pending dropping markets. In most cases I was wrong and missed decent upside (this was all during my early years when I was learning) Markets w...
by life in slices
Tue Jun 04, 2019 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Paying half of my paycheck on health insurance?
Replies: 63
Views: 4790

Re: Paying half of my paycheck on health insurance?

Been there - insurance cost can be overwhelming Hopefully on your end the deductions are pre-tax to take some of the bite away Off the top of my head, If you are healthy, see if there is a catastrophic coverage option (coving only for hospitals or serious things - everything else out of pocket) - it...
by life in slices
Tue Jun 04, 2019 1:59 pm
Forum: Non-US Investing
Topic: Any advice on my situation?
Replies: 17
Views: 1443

Re: Any advice on my situation?

First congrats on where you at 37!

If you are burnt out, maybe take a year off to decompress and re-evaluate? You may find yourself wanting to get back in in something the same or completely different.
by life in slices
Tue Jun 04, 2019 1:29 pm
Forum: Personal Consumer Issues
Topic: Walking Cities, potential for retirees
Replies: 102
Views: 10507

Re: Walking Cities, potential for retirees

The Wizard wrote:
Tue Jun 04, 2019 1:05 pm
Boston and Cambridge qualify.
I live 15 miles away now, but I'll be strolling about for two games at Fenway Park this coming weekend...
I am a little bit farther out from Boston, but lots of great neighborhoods in the area
- South Boston
- North End
- Harvard Square
- Back Bay
by life in slices
Tue Jun 04, 2019 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off my Loan Strategies - How???
Replies: 11
Views: 914

Re: Paying off my Loan Strategies - How???

1. Still contribute to 401k or other retirement plans up to max 2. Do Roth IRA (back door Roth) as well. 3. No more brokerage account additions. 4. Minimize expenses where you can 5. Pay any amount left to the loans. If you want to look at loan refinancing, the one company that I heard and now see ...
by life in slices
Tue Jun 04, 2019 12:13 pm
Forum: Personal Investments
Topic: What is the tax rate on a tax deferred 401k account?
Replies: 12
Views: 740

Re: What is the tax rate on a tax deferred 401k account?

Silk McCue wrote:
Tue Jun 04, 2019 12:03 pm
Life in slices nailed the answer.

Once you are 70.5 you can make Qualified Charitable Distributions from an IRA (not 401k) and pay zero taxes on that up to $100k per year.

Cheers
Great point!
by life in slices
Tue Jun 04, 2019 11:59 am
Forum: Personal Investments
Topic: What is the tax rate on a tax deferred 401k account?
Replies: 12
Views: 740

Re: What is the tax rate on a tax deferred 401k account?

How do you pay taxes on a tax deferred 401k account? Let's say you're in the highest tax bracket at retirement and continue to be there in retirement. What would the tax rate be for your 401k account (Assume current tax rates)? Would both the principle and the capital-gain be taxed at the highest t...
by life in slices
Tue Jun 04, 2019 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Emergency fund
Replies: 4
Views: 469

Re: Emergency fund

With high yield savings account in the 2.1% range, do brokerage MM or treasury funds give better returns (sorry for the noob question)

What is the BH consensus for where to park emergency funds?
by life in slices
Tue Jun 04, 2019 11:26 am
Forum: Personal Consumer Issues
Topic: Being given charity that I don't need
Replies: 51
Views: 4913

Re: Being given charity that I don't need

Has she specifically said it was because she thought you were poor? More likely it might for other reasons - were you kind to her, made a connection? Most likely because she recognizes you as a long term consistent customer and is thankful for your business? At the end of the day - you pointed it ou...
by life in slices
Tue Jun 04, 2019 8:52 am
Forum: Personal Finance (Not Investing)
Topic: How to negotiate compensation for part-time offer?
Replies: 4
Views: 492

Re: How to negotiate compensation for part-time offer?

Yep - as fabdog says above, in negotiation both sides need to identify their BATNA (best alternative to no agreement) - Theirs is whether they have other people lined up to do that work at the price they offered; yours would be walk away because you have higher paying options available to you. Who e...
by life in slices
Tue Jun 04, 2019 8:43 am
Forum: Personal Investments
Topic: Do you regret taking a pay cut for quality of life?
Replies: 68
Views: 8100

Re: Do you regret taking a pay cut for quality of life?

I didn't take a pay cut, but changed into a career where my top earning potential is 1/2 - 1/3 of the previous career. I know if I had stayed in my previous career I'd be making six figures at this point in my life and probably be like most of the posters here, worrying about how I can't find an ac...