Search found 355 matches

by invest4
Sun May 09, 2021 10:13 am
Forum: Personal Finance (Not Investing)
Topic: "Time the Market" By Selling Current House?
Replies: 34
Views: 3289

Re: "Time the Market" By Selling Current House?

If you know what you want in a house over the longer term and can get the exchange you want...sounds like a plan to me. HOWEVER, I strongly encourage you to skip the selling realtor completely...particularly in this market. Flat fee MLS. You save the full fee on your end (8-10K) and decide the fee o...
by invest4
Sun May 09, 2021 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Your recommended banks for High Yield Savings & CDs
Replies: 90
Views: 10331

Re: Your recommended banks for High Yield Savings & CDs

I have been watching savings account rates on https://www.depositaccounts.com/savings/ closely for the past few years. CIT Bank used to be near the top of the heap, but for the past year has been among the lowest of the HYSAs and has been the first to reduce their rates. Today I closed my account o...
by invest4
Sat May 08, 2021 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Feeling Some Regret Over Conservative Approach to Finances
Replies: 110
Views: 12129

Re: Feeling Some Regret Over Conservative Approach to Finances

Meh. As always, a number of those same people will simply melt if the tides turn the other way. Look at March for our most recent example...or the brilliant folks who were all-in on the can’t miss real-estate in 2008 or tech stocks in 2000. Bravo to those who take significant risk or simply take a s...
by invest4
Sat May 08, 2021 9:09 am
Forum: Personal Investments
Topic: Low-earning 30 year old behind on investing. Need some guidance.
Replies: 39
Views: 4056

Re: Low-earning 30 year old behind on investing. Need some guidance.

Welcome!

You have come to the right place (fully support all the advice provided to you thus far)

You have plenty of time.

No debt...awesome.

Start to get educated.

Continue to live beneath your means.

Enjoy the ride...it's fun!
by invest4
Fri May 07, 2021 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Leaving IL - Tax Considerations
Replies: 28
Views: 2508

Re: Leaving IL - Tax Considerations

This may also prove helpful: https://www.isba.org/sections/statelocaltax/newsletter/2010/06/imanonresidentofillinoismaybe One excerpt: A person’s residency status is generally a matter of intent—i.e., intent to create a new home in another state (or country), or intent to remain in or be absent from...
by invest4
Fri May 07, 2021 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: What % of Net Worth to put into 1st home purchase (36yo)?
Replies: 56
Views: 5219

Re: What % of Net Worth to put into 1st home purchase (36yo)?

I don't really understand the utility of % of net worth as guidance for a home purchase. I think the various rules of thumb in other threads asking "how much home can I afford?" still largely applies in regard to multiples of income, etc. I completely understand you may not be satisfied wi...
by invest4
Fri May 07, 2021 1:09 pm
Forum: Investing - Theory, News & General
Topic: Are we in a housing bubble?
Replies: 374
Views: 47314

Re: Are we in a housing bubble?

I had to look up what defines a "housing bubble": https://www.investopedia.com/terms/h/housing_bubble.asp What Is a Housing Bubble? A housing bubble, or real estate bubble, is a run-up in housing prices fueled by demand, speculation, and exuberant spending to the point of collapse. Housing...
by invest4
Fri May 07, 2021 9:24 am
Forum: Non-US Investing
Topic: A bit bubbly???
Replies: 20
Views: 2124

Re: A bit bubbly???

Unfortunately, even if you could be certain about the “mother of all come downs”, no one knows how or when it would unfold...if at all. I see a couple of options: 1. Change your AA to something you can stick with for the long term (as suggested by others and a staple piece of BH advice) 1a. Direct n...
by invest4
Tue May 04, 2021 10:54 pm
Forum: Personal Consumer Issues
Topic: Buying a new laptop
Replies: 99
Views: 7867

Re: Buying a new laptop

Used Dell XPS 13...ebay

I have purchased several of them for my family for daily use. I find them to be super solid and around $500 has also been the "sweet spot" for what I have purchased and should satisfy your requirements.
by invest4
Tue May 04, 2021 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: Estimating homeowner's insurance cost for house purchase
Replies: 14
Views: 796

Re: Estimating homeowner's insurance cost for house purchase

Ask your insurance agent. I have life and auto insurance. I don't have homeowner's insurance (yet). You can still ask your agent to give you a reasonable estimate. Heck, if your insurer is large, they are probably insuring similar homes in the neighborhood. I would go this route before asking any o...
by invest4
Tue May 04, 2021 8:37 pm
Forum: Personal Investments
Topic: Bond Portfolio ideas
Replies: 58
Views: 4472

Re: Bond Portfolio ideas

Have only invested in bonds the last couple of years (age 48)...still learning. Until now, I have been BND 80% and BNDX 20%. I maintain my existing BND / BNDX for ballast and rebalancing. Given the current environment, new monies are now directed toward STABLE VALUE (2% yield). TIPS /IBONDS / EE BON...
by invest4
Wed Apr 28, 2021 3:44 am
Forum: Personal Consumer Issues
Topic: First time to Hawaii with family
Replies: 55
Views: 4492

Re: First time to Hawaii with family

As others have suggested, I would also opt for Maui. Only you know what your extended family is really interested in, but it is a solid choice for first timers for all the reasons highlighted by some of the others. My questions are: 1. Since this is the first time for us, and there are moms and chil...
by invest4
Fri Apr 23, 2021 9:22 pm
Forum: Personal Consumer Issues
Topic: How long does it typically take to get used to a new mattress?
Replies: 54
Views: 3329

Re: How long does it typically take to get used to a new mattress?

I would strongly encourage to consider starting over and look into the various "mattress in a box" companies (Casper, Leesa, Purple, and others). We did this a few years ago and were very pleased with the process, available selection, and cost / value. In our specific case, we ordered two...
by invest4
Thu Apr 22, 2021 5:39 am
Forum: Personal Consumer Issues
Topic: How long does it typically take to get used to a new mattress?
Replies: 54
Views: 3329

Re: How long does it typically take to get used to a new mattress?

I would strongly encourage to consider starting over and look into the various "mattress in a box" companies (Casper, Leesa, Purple, and others). We did this a few years ago and were very pleased with the process, available selection, and cost / value. In our specific case, we ordered two ...
by invest4
Thu Apr 22, 2021 5:24 am
Forum: Investing - Theory, News & General
Topic: Hit Millionaire Status! [Does anyone shift when they hit a milestone?]
Replies: 132
Views: 18385

Re: Hit Millionaire Status! [Does anyone shift when they hit a milestone?]

I do have a question. I am feeling a little discouraged oddly enough. It is a great accomplishment but I feel like the hard work was still done for us "down the road". $620k of that is in retirement accounts earmarked for 59.5 and beyond. This forum loves index funds and retirement accoun...
by invest4
Tue Apr 20, 2021 5:38 pm
Forum: Investing - Theory, News & General
Topic: First 20% of bonds in long-term Treasuries
Replies: 1107
Views: 93658

Re: First 20% of bonds in long-term Treasuries

just EE bonds vs. long term treasuries. And the same would go for taking CDs over treasuries when there is a yield advantage for the former, but that's not really pertinent here since there are no long term CDs, AFAIK. EE bonds are nice, but also pretty irrelevant to larger portfolios. I can't mean...
by invest4
Tue Apr 20, 2021 11:39 am
Forum: Investing - Theory, News & General
Topic: First 20% of bonds in long-term Treasuries
Replies: 1107
Views: 93658

Re: First 20% of bonds in long-term Treasuries

I’m interested in potentially adding long term treasuries but I have the following mental problems I can’t seem to get over: 1). I’m not convinced the negative correlations vs. equities will hold because it seems like it’s different this time with rates so low. 2). It doesn’t seem like a smart inve...
by invest4
Sun Apr 18, 2021 5:40 pm
Forum: Personal Consumer Issues
Topic: Temp change in remote location - tell employer?
Replies: 35
Views: 2981

Re: Temp change in remote location - tell employer?

Ar the very least, I would consider it a simple courtesy to let your manager know if you are changing work locations for the week.

Very likely no big deal. If for some reason it is a thing, I would rather be transparent and know upfront versus not.
by invest4
Sun Apr 18, 2021 11:07 am
Forum: Personal Finance (Not Investing)
Topic: How quickly did you receive your 2020 tax refund?
Replies: 174
Views: 15510

Re: How quickly did you receive your 2020 tax refund?

Paper filed Feb 23

IRS refund status: scheduled for deposit April 19
by invest4
Sun Apr 18, 2021 10:45 am
Forum: Personal Investments
Topic: Ideal balance between tax deferred, Roth and taxable accounts
Replies: 15
Views: 1598

Re: Ideal balance between tax deferred, Roth and taxable accounts

An important topic which I think about more and more as I am further along in the journey to eventual retirement. As noted by the others, it is a challenging one with no-size-fits-all as everyone's financial arc varies and what may be optimal in the early parts of the journey, may create challenges ...
by invest4
Sun Apr 18, 2021 9:11 am
Forum: Personal Investments
Topic: Help deciding ratio of college vs. retirement savings
Replies: 25
Views: 1894

Re: Help deciding ratio of college vs. retirement savings

* Retirement as priority (ultimately only you can decide how to weight it vs college savings for your kids) * Look for opportunities to obtain college credit while they are still in high school * Strongly consider junior college to significantly reduce expenses during first two years (and thus your ...
by invest4
Sat Apr 17, 2021 8:14 am
Forum: Personal Investments
Topic: When to add bonds?
Replies: 9
Views: 726

Re: When to add bonds?

If you have 10-15 years left to go, you still have plenty of time to be aggressive. Maybe consider starting out with a small bond allocation; even something like 5%. It won't affect your returns to any significant degree, but it will allow you to see how bonds behave in your portfolio in real time ...
by invest4
Fri Apr 16, 2021 11:32 am
Forum: Personal Finance (Not Investing)
Topic: "Nobody's ever regretted paying off the mortgage."
Replies: 492
Views: 34953

Re: "Nobody's ever regretted paying off the mortgage."

Life is risky. We hardly ever take equivalent risk with our choice of partners, jobs, friends etc. And we dust up and try again if we fail. Take the risk you can. Insure the ones you cannot. For some, cash flow picture in retirement improves dramatically upon paying off mortgage and saves taxes on ...
by invest4
Sun Apr 11, 2021 6:29 pm
Forum: Personal Investments
Topic: Mortgage Payoff vs Taxable Account - What else should I consider?
Replies: 59
Views: 5596

Re: Mortgage Payoff vs Taxable Account - What else should I consider?

At current interest rates, I would have proposed a 30 year mortgage to provide more in the way of options for you.
by invest4
Wed Apr 07, 2021 11:52 am
Forum: Personal Investments
Topic: How much cash do you really hold?
Replies: 91
Views: 6490

Re: How much cash do you really hold?

Checking: typically 25k so it handles whatever comes as far as bills and I don’t think about it. HYSA: Approx 150k for the unexpected and cash flow for college not covered by 529 (family of 6). Currently also lowering this cash a bit as I am making significant contributions via Mega Backdoor Roth wh...
by invest4
Wed Apr 07, 2021 3:24 am
Forum: Personal Finance (Not Investing)
Topic: Job Satisfaction vs Maximizing Income
Replies: 87
Views: 6029

Re: Job Satisfaction vs Maximizing Income

Only you know yourself (although probably not until 25) ;) Generally, I believe generating income in your earlier working years tends to take priority (how to afford the things you need and also some of the things you want). A bit later, depending on your financial situation, your spouse / kids (if ...
by invest4
Sat Apr 03, 2021 7:39 am
Forum: Personal Consumer Issues
Topic: Would you give money to close friends to live in same neighborhood?
Replies: 45
Views: 3025

Re: Would you give money to close friends to live in same neighborhood?

While well meaning, this is simply not wise...including the potentially unexpected impact / effects on your relationship with them.
by invest4
Wed Mar 31, 2021 12:22 am
Forum: Personal Finance (Not Investing)
Topic: Remote working situation - questions
Replies: 18
Views: 2066

Re: Remote working situation - questions

Please also keep in mind the company may have to jump through some legal and other hoops if they do not have a presence in the state you want to work from.
by invest4
Sun Mar 28, 2021 6:37 pm
Forum: Investing - Theory, News & General
Topic: Total Bond vs. Intermediate Term Bond
Replies: 31
Views: 4039

Re: Total Bond vs. Intermediate Term Bond?

Tony: In my view we are dancing on the head of a pin. BOTH Vanguard bond funds should do the job of providing safety (and income) in a portfolio. Best wishes. Taylor Jack Bogle's Words of Wisdom: "Deep down, I remain absolutely confident that the vast majority of American families would be wel...
by invest4
Sun Mar 28, 2021 6:35 pm
Forum: Personal Consumer Issues
Topic: Preparing For First Homebuying Experience
Replies: 11
Views: 929

Re: Preparing For First Homebuying Experience

I wouldn't worry too much about any changes to what you are doing as far as paychecks. In my view, it will be more important for you to have a solid understanding of financing the home and have some experienced people to help you. I would not pay any monies to buy down the rate and those kinds of th...
by invest4
Sun Mar 28, 2021 12:36 pm
Forum: Personal Investments
Topic: Drawdown taxable investment portfolio for mortgage payments?
Replies: 22
Views: 1381

Re: Drawdown taxable investment portfolio for mortgage payments?

This is not so much an affordability issue, but rather what you wish to prioritize and the best approach for you to realize your goals. Home desire can have a significant influence on ones mindset. Some financial, and often a heaping helping of personal. You acknowledge the market is rich, but pred...
by invest4
Sun Mar 28, 2021 12:22 am
Forum: Personal Investments
Topic: Drawdown taxable investment portfolio for mortgage payments?
Replies: 22
Views: 1381

Re: Drawdown taxable investment portfolio for mortgage payments?

This is not so much an affordability issue, but rather what you wish to prioritize and the best approach for you to realize your goals. Home desire can have a significant influence on ones mindset. Some financial, and often a heaping helping of personal. You acknowledge the market is rich, but predi...
by invest4
Sat Mar 27, 2021 11:28 pm
Forum: Personal Investments
Topic: With hitting zero owed federal taxes, should I allocate a % to Roth 401k?
Replies: 28
Views: 2002

Re: With hitting zero owed federal taxes, should I allocate a % to Roth 401k?

[quote=JB2013 post_id=5909249 time=<a href="tel:1616903858">1616903858</a> user_id=112697]I plan on retiring in Minnesota. I guess I'd have to read up on that. Yes I pay state income tax which is 6.8%. I try to read up on this stuff and some of it can be hard for me to comprehend. that's ...
by invest4
Fri Mar 26, 2021 11:35 pm
Forum: Personal Investments
Topic: RetireX: Fidelity X Factor - Your Retirement Multiple?
Replies: 13
Views: 1271

Re: RetireX: Fidelity X Factor - Your Retirement Multiple?

While I appreciate the simplicity, I did not find it useful / meaningful.
by invest4
Mon Mar 22, 2021 7:48 pm
Forum: Personal Consumer Issues
Topic: Overthinking my Lawnmower Purchase (Push vs. Riding)
Replies: 56
Views: 3043

Re: Overthinking my Lawnmower Purchase (Push vs. Riding)

Riding mower...all...the...way. I had a similar situation and yard size, etc. Before (self-propelled) - loathsome task - even more so if I would skip and week (which happened often enough) which was sometimes followed by a good rain that pushed the grass even higher. After (riding mower) - it's now ...
by invest4
Mon Mar 22, 2021 12:03 am
Forum: Personal Investments
Topic: Move from Intermediate US Treasuries to TIPS?
Replies: 58
Views: 4892

Re: Move from Intermediate US Treasuries to TIPS?

So I guess I was really asking if there are any current conditions or reasons I wouldn't just fix that imbalance. I believe the best "time" to make a move is when your portfolio is out of balance with your investment thesis or plan. You may find the following web page interesting. https:/...
by invest4
Sun Mar 21, 2021 11:35 pm
Forum: Personal Investments
Topic: Portfolio - What to Do Nearer to Retirement?
Replies: 4
Views: 1090

Re: Portfolio - What to Do Nearer to Retirement?

With potential retirement at age 60 you will be a few years out from taking social security. That will potentially create some low income years where it would be to your advantage to do Roth conversions. Having sufficient funds in taxable to pay the taxes on those conversion is a prudent approach. ...
by invest4
Sun Mar 21, 2021 10:03 pm
Forum: Personal Investments
Topic: Portfolio - What to Do Nearer to Retirement?
Replies: 4
Views: 1090

Re: Portfolio - What to Do Nearer to Retirement?

The only question I saw was one about the general advisability of favoring backdoor Roths vs. tax deferred. I don't see how to help without some idea about your income and your thoughts on what may happen to your income in the future (steady pay vs. big promotion possibilities, early retirement at ...
by invest4
Sun Mar 21, 2021 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: How to Deal with Worry of job loss and providing for family?
Replies: 127
Views: 10444

Re: How to Deal with Worry of job loss and providing for family?

You are not alone (single earner for family of 6). Positively, this awesome responsibility (and fear) can be quite motivating. Great suggestion by some of the other posters. Influence what you can. I believe living beneath your means is a vital component which can create positive benefits for your f...
by invest4
Sun Mar 21, 2021 9:12 am
Forum: Personal Investments
Topic: Portfolio - What to Do Nearer to Retirement?
Replies: 4
Views: 1090

Portfolio - What to Do Nearer to Retirement?

Dear All, While the future can be unpredictable, I am spending a good amount of thinking time around the positioning my investment of monies for retirement. In particular, I remain acutely aware of my limitations in terms of monies available for retirement savings and trying to figure out how and wh...
by invest4
Sat Mar 20, 2021 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Starting a new job and unsure which health plan to pick. First time doing this. Any suggestions?
Replies: 30
Views: 1536

Re: Starting a new job and unsure which health plan to pick. First time doing this. Any suggestions?

As suggested by others, you should do your research. However, I suspect the HDHP and HSA will be your best bet. Congratulations on your job and good fortune to find Bogleheads early in your financial life!
by invest4
Sat Mar 20, 2021 10:09 am
Forum: Personal Investments
Topic: mega mega roth conversion
Replies: 23
Views: 2092

Re: mega mega roth conversion

Anything is possible and none of us know what will happen...thus why is it generally not advisable to take such actions. You also provide no real sense of your age or financial situation to even suggest possible alternatives (e.g. may make some sense to make some conversions...but perhaps over time).
by invest4
Sat Mar 20, 2021 9:58 am
Forum: Personal Investments
Topic: New Person Portfolio Plan - Hello Bogleheads!
Replies: 17
Views: 2073

Re: New Person Portfolio Plan - Hello Bogleheads!

I take it there is no opportunity for you to contribute to an HSA? Of course, you may be purposefully not contributing vs other investments (such as saving for the house, etc.), but difficult to discern whether or not that is the case.
by invest4
Sun Mar 14, 2021 10:43 pm
Forum: Personal Finance (Not Investing)
Topic: Am I crazy to "temporarily" pay PMI?
Replies: 15
Views: 2054

Re: Am I crazy to "temporarily" pay PMI?

My impression is you only took PMI to ensure some “breathing room” while selling your existing home. I would be very keen to be rid of the PMI now that the cover is no longer needed and then finance your updates via existing savings and / or cash flow accordingly. Just keep it simple this way and no...
by invest4
Sun Mar 14, 2021 5:47 pm
Forum: Investing - Theory, News & General
Topic: First 20% of bonds in long-term Treasuries
Replies: 1107
Views: 93658

Re: First 20% of bonds in long-term Treasuries

I see the value of long term treasuries, yet when I started to invest in bonds, they had already appreciated greatly and my sense was that I would only be chasing its past performance. As a result, I stayed with BND (80%) and BNDX (20%) and have continued to monitor mock portfolios with VGLT or EDV...
by invest4
Sun Mar 14, 2021 5:43 pm
Forum: Investing - Theory, News & General
Topic: Hitting your numbers. How to estimate when you have enough.
Replies: 175
Views: 20178

Re: Hitting your numbers. How to estimate when you have enough.

As others have highlighted, so much of the projection is a "wag" with increasing certainty as the years pass by. For myself: * Goal: 25x expenses = 2.5M ($100k per year): Is it enough? too much? At age 48 and in the most expensive phase of life thus far (4 children with some already in col...
by invest4
Sun Mar 14, 2021 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: Creative Real Estate Listing Agent Fee Structure
Replies: 40
Views: 2028

Re: Creative Real Estate Listing Agent Fee Structure

You could try a flat-fee MLS service. If you're intent on using an actual listing agent, you might get lucky with an inexperienced one. Given the dearth of houses on the market, I imagine that it's hard for new agents to get listings. It might be worth doing a minimal-services listing like this to ...
by invest4
Sun Mar 14, 2021 4:07 pm
Forum: Investing - Theory, News & General
Topic: First 20% of bonds in long-term Treasuries
Replies: 1107
Views: 93658

Re: First 20% of bonds in long-term Treasuries

I see the value of long term treasuries, yet when I started to invest in bonds, they had already appreciated greatly and my sense was that I would only be chasing its past performance. As a result, I stayed with BND (80%) and BNDX (20%) and have continued to monitor mock portfolios with VGLT or EDV ...
by invest4
Fri Mar 05, 2021 12:00 pm
Forum: Personal Investments
Topic: For those with bond heavy AAs...how you feeling?
Replies: 55
Views: 5810

Re: For those with bond heavy AAs...how you feeling?

I am 60/40 and first time I have experienced the current situation with bonds (only began investing in them a couple of years ago). Some challenge that I have not found a solid alternative for myself that I feel is a much better setup than current (BND (80%) and BNDX (20%). However, new monies are g...
by invest4
Thu Mar 04, 2021 2:32 pm
Forum: Personal Investments
Topic: Some advice for a young gun
Replies: 20
Views: 1072

Re: Some advice for a young gun

If I was 22 and in your shoes this is what I would do with what I know now at 32. 1. Pay off that car loan and be completely debt-free. Read Dave Ramsey's The Total Money Makeover with your wife on the reason why. The people on this forum is 50/50 on him. I agree with his getting out of debt and be...