Bogleheads.org

LeftCoastIV

Your ability to refinance down the road if you need to take some cash out (either cash-out refi, or line of credit) may be limited if you are unemployed. At min, you would likely pay a higher rate, although I don't know the details of your passive income stream and if that would be considered accept...

LeftCoastIV

We include cash in our AA calculation, and it is the vast majority of our fixed income. Bond index funds don't seem to offer a notably superior return without moving into lower credit ratings, so I'm comfortable with money market accounts and/or CDs.

LeftCoastIV

I received this notice today from Ally Bank, where we have FDIC insured accounts. Sharing with others as an FYI. FDIC rule requires us to ask for more beneficiary information The FDIC has made updates, effective April 1, 2020, to its regulatory requirements for paying deposit insurance. To make sure...

LeftCoastIV

The culture of each FAANG is different. If this is the A in Seattle, be aware that it may significantly impact your ability to spend quality time with your family. Every team within each company can be different, though. Does it seem like your future co-workers have families, or is it a round the cl...

LeftCoastIV

I found this tool helpful when planning our college savings goals:
http://www.savingforcollege.com/college ... /index.php

Like any similar tool, the assumptions drive the outcomes.

LeftCoastIV

Johnston & Murphy McGuffey slip on. I wear these with jeans at work, and wore them around Europe on vacation this summer. Great shoes. Super comfortable. https://www.johnstonmurphy.com/mcguffey-slip-on/6267.html?dwvar_6267_width=M&dwvar_6267_color=Light%20Tan%20Oiled%20Full%20Grain%20Leather#start=5

LeftCoastIV

OP here. I wanted to provide an update and seek additional advice. I have started selling all new RSUs immediately, and investing in an S&P500 index fund. Taxes are already withheld by my employer, and I increased my withholding to align more closely to our marginal income tax rate, to avoid tax su...

LeftCoastIV

OP here. I wanted to provide an update and seek additional advice. I have started selling all new RSUs immediately, and investing in an S&P500 index fund. Taxes are already withheld by my employer, and I increased my withholding to align more closely to our marginal income tax rate, to avoid tax sur...

LeftCoastIV

Do you have enough $ in bonds or fixed income *outside* of retirement accounts to deal with the first five years of your retirement being a bear market, without needing to sell equities?

LeftCoastIV

My process: 1. Go see and drive car. Let them see and drive your trade-in, if applicable. Tell them you are in a hurry. 2. Leave 3. Negotiate everything over email, text, and phone. Do NOT go back to the dealership until the final amount is fully negotiated 4. Return to dealer to buy car. If amount ...

LeftCoastIV

I was in a similar situation as the OP many years ago, but with a relative rather than a friend. Here is how we handled it: I determined the price of the land as follows: The price I paid + the property taxes I had paid+ interest I would have earned on the cash if it had been in a CD + closing cost...

LeftCoastIV

I'd say if you are pretty confident that you will *not* need to touch the Roth IRA funds for your house, then continue putting money into Roth, and if you ultimately determine you don't need to withdraw the money, then invest in whatever long-term asset allocation you think makes sense in your Roth ...

LeftCoastIV

A thought on your bond fund planning: The Vanguard Extended Duration Trs ETF fund you are considering is actually more volatile than the S&P500, at 19.44% annualized standard deviation vs. 11.6% for the S&P 500. The are inversely correlated, so if you don't care about volatility and just want a bear...

LeftCoastIV

Before you invest (in general, but in passive index funds as well), Bogleheads will tell you to write down your Investment Policy Statement (IPS). Among other things, this allows you to think through how you will respond to a market downturn before it happens, to increases the odds that long-term in...

LeftCoastIV

One question I would have is if there are any restrictions on your ability to participate in the liquidity event. For example, can every employee sell all of their shares in a single liquidity period, or would this be a "bank run" of sorts on the company's cash reserves? Unless you think the company...

LeftCoastIV

We went with Utah and selected an age-based fund, to put it on auto-pilot and not have to think about re-balancing as college approaches.

LeftCoastIV

I'm a little nervous that you're planning to buy a presumably more expensive house that will add to your already sizable mortgage debt. What do you anticipate your new monthly mortgage payments will be on your new home? What is that as a % of *after-tax* monthly income? You state you plan to save ov...

LeftCoastIV

I agree with having sufficient cash/fixed income to cover living expenses during an extended bear market, so you don't have to sell equities. If that's three years, five years, etc. is up to you. In theory, everything else could be exposed to equity volatility, subject to your desired AA and toleran...

LeftCoastIV

You might also consider putting a portion into a 529 college savings plan for the new addition. Your future self will thank you for starting the compounding investing returns 18 years ahead of time for college costs. If you decide to do this, and it is a significant amount, be sure to check the gift...

LeftCoastIV

This sounds like a great break for you actually. DevOps/automation skills are more aligned with modern development and deployment practices. You are in essence being paid to modernize your skill set. Learn everything you can. It may feel awkward to ask a 25 year old how to do something, but don’t sw...

LeftCoastIV

You may want to look into a custodial account. Here’s a brief primer (not a recommendation for this particular company):

https://www.firstrade.com/content/en-us ... /custodial

LeftCoastIV

Pretty light read that looks into the psychology behind folks who continue to dedicate themselves to work long after they need to do so. "Post-economic" life stage, as referenced in the article. (you may hit a paywall) https://www.nytimes.com/2019/10/17/style/rich-people-things.html?smid=nytcore-ios...

LeftCoastIV

Rvshare.com and Outdoorsy.com allow RV/trailer owners to rent to other people, like AirBnB but for RVs/trailers. We just rented a beautiful trailer for a weekend, loved it, and wondered why we would own when renting was so easy.

LeftCoastIV

Darth Xanadu wrote: ↑
Wed May 09, 2018 10:00 am
What double-tax?

This article may help: https://mystockoptions.typepad.com/blog ... avoid.html >> see #6 in the article

LeftCoastIV

Since this is unintuitive, for those who are looking for this information, navigate to the following: 1. NetBenefits 2. Go to "Summary" main tab and "Balances" subtab 3. Scroll down to the "Your Investments" section 4. In the third column in that section, "Sources", click the "Show Details" link 5....

LeftCoastIV

I recently started automated MBDRoth contributions with Fidelity. I was surprised that the Fidelity website just lumps everything together into one Balance, and doesn't show me a breakout of my traditional 401K balance and my MBDRoth balance. Perhaps this is because I have everything in the same fun...

LeftCoastIV

With 30 years to go until retirement, the best you can do right now IMO is put as much of your savings on auto-pilot as you can. 401K. IRA. Roth. Employee stock plan if you have one. HSA if you have one. 529s if needed. After-tax contributions. Think of your "spendable" paycheck as everything after ...

LeftCoastIV

- Not getting rid of the house. I do live in a high cost city, and real estate, including rentals, is very expensive. I'm paying $6,000 a month on a 15 year mortgage vs. $4,000 for what I was paying to rent a 2BR. My kids now have a real place to visit and their own rooms when they come over; my do...

LeftCoastIV

abuss368 wrote: ↑
Tue Sep 24, 2019 11:42 am

Outer Marker wrote: ↑
Tue Sep 24, 2019 9:17 am

BarbBrooklyn wrote: ↑
Tue Sep 24, 2019 9:06 am
Why are you funding your mother's long term care?
That is a sacred obligation. I'd bankrupt myself before I neglected my mom.
Thanks.

Do you have siblings or other family members that could/should be helping with these expenses?

LeftCoastIV

If you are still in the early accumulation stage, you may be able to reduce single-stock concentration by capping new purchases and/or dividend reinvestments, and letting the the rest of your portfolio outgrow the single stock holding, thus reducing its % of your overall portfolio. This has the bene...

LeftCoastIV

Thanks everyone. Appreciate the candid responses. To wrap up this thread, we plan to pare down the maintenance work to brake pad replacements, and battery replacement (which we may just get done at an auto parts store). I ordered the air cabin filter on Amazon, to install myself. We'll pass on havin...

LeftCoastIV

Thanks everyone for the thoughtful replies. My next step is to look at the recommended maintenance schedule, plus look for a local auto shop just for the battery. On the topic of painted brake rotors, as far as I can tell, it is for aesthetic reasons to prevent rust: https://shop.advanceautoparts.c...

LeftCoastIV

Thanks everyone for the thoughtful replies. My next step is to look at the recommended maintenance schedule, plus look for a local auto shop just for the battery. On the topic of painted brake rotors, as far as I can tell, it is for aesthetic reasons to prevent rust: https://shop.advanceautoparts.co...

LeftCoastIV

Uber Eats and/or other food delivery when our schedules are busy

And, we say no to things we don't really want to do.

LeftCoastIV

My wife drives a 2013 Japanese-brand SUV with 69,000 miles on it. She likes the car and never complains about it. She has been to two different shops that have told it needs a number of repairs/maintenance items completed. She has a bid from a reputable shop for $2K in repairs (details below). The v...

LeftCoastIV

Thanks all for the comments. I’ll be looking into both the promissory note and escrow account options.

LeftCoastIV

Thanks all for the quick replies. Re "Is this a real escrow account", not sure I follow the question, but it will need to function as an escrow account, meaning I will not have the unilateral right to receive the money back unless the conditions have been met (in this case, a 5-year duration without...

LeftCoastIV

I am working with my neighbor to conduct some work on his hillside that will improve my view. The work will be code compliant and completed by professional contractors. I will pay for the work. As part of this process, my neighbor is requiring that I provide a financial guarantee that I will pay for...

LeftCoastIV

If you did nothing, your the Target Retirement 2025 fund will make you more conservative over time, specifically it will ultimately end up as the Target Retirement Income Fund by 2032 (7 years after the 2025 date). At that point, your AA would be: 50% in VTTVX, which by then will be 30% stock and 70...

LeftCoastIV

Long-time local here: Some ideas that might not be in a guide book: 1. Have lunch at Aqua Verde and rent kayaks right below the restaurant, then go out for a paddle 2. Go to Alki in West Seattle, rent bikes (Lime bike and Jump bikes are in Seattle) and ride along the waterfront. You may be able to g...

LeftCoastIV

Thus far, Croatia has been my favorite place. Dubrovnik and Korcula in particular. Less so for Split, but still a neat town.

And, +1 to the San Juan Islands in WA state.

LeftCoastIV

I sent digital copies of our estate planning documents to family members, so they could save the files.

We also have them at our house (just in a cabinet, nothing fancy), plus at a safety deposit box at a bank nearby.

LeftCoastIV

I can rent part time... Pay careful attention to the double dealing portion of the rules. Using it primarily for yourself and only renting part time sets off alarm bells for me... I am reminded of the classic Jane Quinn Bryant line: “ Never invest in anything that you can’t explain to a reasonably ...

LeftCoastIV

pdx4me wrote: ↑
Sun Jul 21, 2019 5:19 pm
OP here, my bank is currently paying 2.35% interest in the high yield savings account which I think is pretty good. Is there any advantage to having a Vanguard MM account rather than the high yield account through my bank?

2.35% is a good rate these days for an FDIC-insured account.

LeftCoastIV

OP said this is an emergency fund not for current regular expenses. The Ally No Penalty CD is paying 2.1% with FDIC coverage. The funds are locked up for the first 6 *days*. After that you can withdraw all funds and accrued interest instantly with, as the title implies, no penalty. You can literall...

LeftCoastIV

I'm assuming these are front-end loaded funds, and thus the pain has been inflicted already (although the 1% expense ratio is obnoxious). I think your next step is to call Vanguard, tell them all the funds you have at EJ, and confirm that they can accept them directly without needing to liquidate. F...

LeftCoastIV

Can you post the actual funds you are trying to take out of Edward Jones? This will help us understand if they are mutual funds that can be rolled over to another financial institution (like Vanguard), or if they are proprietary products unique to Edward Jones that are not available elsewhere.

LeftCoastIV

If you stop buying AAPL, but kept up with the rest of your contributions, would your AAPL % of holdings decline naturally to an acceptable level in the next two years? I don't know how old you are, or how large your portfolio is, so perhaps you can invest your way into an AA that you feel more comfo...

LeftCoastIV

OP here... thanks everyone for the confirmation on the process.

LeftCoastIV

I am planning to execute on the Mega backdoor Roth option, and wanted to check my steps for any feedback that this forum may have. I am an employee at a MegaCorp and have confirmed the following so far: * Confirmed that my 401K plan allows for after-tax contributions * Confirmed that my 401K allows ...

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