I always had an interest in Personal Finance but having kids is what led to me turbo-charging the motivation I have around both my income and my savings.
There's a lot of responsibility in providing for 3 kids (in my case all 5 and under). I feel the weight of that responsibility and often worry about losing my income. That combination of responsibility and worry results in me trying to save a lot of money. I haven't quite socked away enough to feel at ease but I'm getting there.
Search found 30 matches
- Tue Sep 05, 2023 3:19 pm
- Forum: Investing - Theory, News & General
- Topic: What motivated you to save money?
- Replies: 232
- Views: 28377
- Mon Aug 07, 2023 8:15 am
- Forum: Personal Consumer Issues
- Topic: Private School (Affordably)
- Replies: 54
- Views: 5705
Re: Private School (Affordably)
I have the same question, how is it possible at $5K? religious schools may offer discounted tuition, they are a no for me but I don't have a issue with others sending because they want to for that reason. It's a Catholic school, sorry I should have clarified in the original post! I'm in a LCOL city (Midwest). I can only think of one non-religious private school in my area that I'd consider and you're right, the prices are significantly higher as it's the top private school in the state with all of the city's wealthiest families. I'm personally not totally turned away by a Catholic school. I have family members and friends in the area (both of Catholic and non-Catholic faith) who have attended these schools and had very positive things to s...
- Sun Aug 06, 2023 8:11 pm
- Forum: Personal Consumer Issues
- Topic: Private School (Affordably)
- Replies: 54
- Views: 5705
Private School (Affordably)
Hi all, It's hard to believe but I've got my first kid off to Kindergarten this week. I have 3 kids in total (ages 5, 3, and 1). I know the private vs. public school has already been discussed in great detail here but I've noticed that the low cost at which K-8 private school is offered in my MCOL area has me wondering what other Bogleheads might do. The public high schools in my district are excellent, some of the best in the state. The elementary and middle school where I live are fine, not the best not the worst. My wife and I have noticed a lot of our peers are sending their kids to private elementary. The cost is only $4k-$5k / yr (edit: Catholic school) and I'd end up having a discount for awhile with multiple children. As far as my f...
- Sun Feb 26, 2023 5:19 pm
- Forum: Personal Investments
- Topic: Grandparents & 529 Tax Deductions
- Replies: 14
- Views: 1445
- Sun Feb 26, 2023 5:09 pm
- Forum: Personal Investments
- Topic: Grandparents & 529 Tax Deductions
- Replies: 14
- Views: 1445
Grandparents & 529 Tax Deductions
I wanted to get the BH take on an interesting tax "strategy" my wife came up with today. We were discussing tax advantaged strategies for paying for our children's college down the road. We contribute the max tax deductible amount for our state annually and also fund a mega backdoor Roth IRA as much as we can. Another thought we had today is making an arrangement with my wife's parents to create a 529 account with our children as beneficiaries. This would open up another ~$20K of 529 space that would be eligible for another state tax deduction (obviously on her parents tax return). We thought about proposing an arrangement that we would fund the account and share the tax deduction 80/20 or so (they may just let us take the whole b...
- Sat Feb 11, 2023 11:11 am
- Forum: Personal Investments
- Topic: Rolling over Pre-Tax IRA to new 401k for BD Roth. High fees in new 401k.
- Replies: 4
- Views: 276
Re: Rolling over Pre-Tax IRA to new 401k for BD Roth. High fees in new 401k.
Unfortunately none of the fees are optional. Part of it is an "advisor/consult" fee which from what I understand goes to a broker who assists us in management of the plan. I've attempted to lobby on 401k changes, it's like pulling teeth so I'm afraid this is the situation I'm faced with.retired@50 wrote: ↑Sat Feb 11, 2023 10:39 amI'd start a campaign to get a better 401k plan.
Paying .85% as an annual fee on all assets is a horribly high fee.
Is there any chance this is an optional financial adviser fee?
More details about getting a better 401k plan here: https://www.bogleheads.org/wiki/How_to_ ... 01(k)_plan
Regards,
- Sat Feb 11, 2023 10:34 am
- Forum: Personal Investments
- Topic: Rolling over Pre-Tax IRA to new 401k for BD Roth. High fees in new 401k.
- Replies: 4
- Views: 276
Rolling over Pre-Tax IRA to new 401k for BD Roth. High fees in new 401k.
Hi all,
I have $60K in a pre-tax IRA that was rolled over from a former employer's 401k. I'm debating rolling this into my new employer's 401k so that I clear up my pre-tax IRA balance and eliminate the pro-rata issue for Back Door Roth contributions.
In my new 401k, I'm subject to .85% in annual fees on assets .
Curious, is it worth paying $510 a year (.85% of $60K) to enable backdoor Roth contributions or better off to just invest in taxable?
Any alternatives that I'm missing? I'd almost rather roll the balance to Roth and pay taxes on it than drain it to 401k fees.
Appreciate any perspective on this situation.
'
I have $60K in a pre-tax IRA that was rolled over from a former employer's 401k. I'm debating rolling this into my new employer's 401k so that I clear up my pre-tax IRA balance and eliminate the pro-rata issue for Back Door Roth contributions.
In my new 401k, I'm subject to .85% in annual fees on assets .
Curious, is it worth paying $510 a year (.85% of $60K) to enable backdoor Roth contributions or better off to just invest in taxable?
Any alternatives that I'm missing? I'd almost rather roll the balance to Roth and pay taxes on it than drain it to 401k fees.
Appreciate any perspective on this situation.
'
- Wed Apr 20, 2022 12:12 pm
- Forum: Investing - Theory, News & General
- Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
- Replies: 14356
- Views: 1988703
Re: HEDGEFUNDIE's excellent adventure Part II: The next journey
Probably retired by now.
- Wed Apr 20, 2022 12:00 pm
- Forum: Investing - Theory, News & General
- Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
- Replies: 14356
- Views: 1988703
Re: HEDGEFUNDIE's excellent adventure Part II: The next journey
I can’t believe my eyes. $TMF and $UPRO are both….green today?
- Fri Apr 01, 2022 10:43 am
- Forum: Investing - Theory, News & General
- Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
- Replies: 14356
- Views: 1988703
Re: HEDGEFUNDIE's excellent adventure Part II: The next journey
Talk about incredible timing with the M1 Finance rebalance this morning. Filled $TMF at $18.66, sold $UPRO at $64.02. Nice to see after an otherwise terrible quarter. Let's see what Q2 brings.
- Fri Apr 01, 2022 6:02 am
- Forum: Investing - Theory, News & General
- Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
- Replies: 14356
- Views: 1988703
Re: HEDGEFUNDIE's excellent adventure Part II: The next journey
Rebalance day! Will be a big add to $TMF today.
- Tue Mar 08, 2022 9:52 am
- Forum: Investing - Theory, News & General
- Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
- Replies: 14356
- Views: 1988703
Re: HEDGEFUNDIE's excellent adventure Part II: The next journey
Starting to see the naughty "stagflation" word mentioned. Interesting article on it below.
https://www.cfr.org/blog/stagflation-re ... r-imagined
https://www.cfr.org/blog/stagflation-re ... r-imagined
- Tue Jan 25, 2022 8:29 am
- Forum: Investing - Theory, News & General
- Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
- Replies: 14356
- Views: 1988703
Re: HEDGEFUNDIE's excellent adventure Part II: The next journey
Dumping my $6K Roth Contribution in this morning. Thoughts and prayers. Hopefully this ends up to be a blessing with a healthy dip for 2022 Roth contributions.
- Mon Jan 04, 2021 8:10 am
- Forum: Investing - Theory, News & General
- Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
- Replies: 14356
- Views: 1988703
Re: HEDGEFUNDIE's excellent adventure Part II: The next journey
Rebal day! Equities at all time highs. TMF beaten up somewhat. Good time to reset.
- Wed Nov 04, 2020 9:30 am
- Forum: Investing - Theory, News & General
- Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
- Replies: 14356
- Views: 1988703
Re: HEDGEFUNDIE's excellent adventure Part II: The next journey
TMF is back from the dead! Up 7%+. UPRO 8%+.
Nice to see a day like this but would really sting if the inverse ever occurred.
Nice to see a day like this but would really sting if the inverse ever occurred.
- Sun Oct 18, 2020 12:40 pm
- Forum: Investing - Theory, News & General
- Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
- Replies: 14356
- Views: 1988703
Re: HEDGEFUNDIE's excellent adventure Part II: The next journey
Shorting instead of going long has been talked about. I did a quick and dirty test using PV, and shorting has higher CAGR while having lower max drawdown and a significantly higher Sharpe ratio. What reasons are there not to use the shorting strategy? I picked TBT since it is easily shorted on IB (I actually did short SQQQ/TBT successfully for a few months). (I know the ratio of 60/40 isn't optimized, but it's more the comparison we care about here) TQQQ/UBT long: https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2020&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjust...
- Fri Sep 25, 2020 1:53 pm
- Forum: Investing - Theory, News & General
- Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
- Replies: 14356
- Views: 1988703
Re: HEDGEFUNDIE's excellent adventure Part II: The next journey
I have officially rolled some of my Roth to M1 Finance and executed my trades into 55/45 UPRO/TMF today.
I’m into UPRO at $50.03/share.
Also, the M1 trading structure is really interesting. I personally loved just setting up the “pie” and letting M1 execute the trade in the AM. Obviously this will be a breeze for rebalancing too as others have mentioned.
I’m into UPRO at $50.03/share.
Also, the M1 trading structure is really interesting. I personally loved just setting up the “pie” and letting M1 execute the trade in the AM. Obviously this will be a breeze for rebalancing too as others have mentioned.
- Wed Sep 23, 2020 9:07 am
- Forum: Investing - Theory, News & General
- Topic: Why not 100% PSLDX? [PIMCO StocksPLUS Long Duration Fund]
- Replies: 2109
- Views: 394722
Re: Why not 100% PSLDX?
I assume most investors reinvest the dividends which would have less of an impact on AUM. Who knows. Regardless, I like this fund and am investing about 1/3 of my investable assets into it.
- Tue Sep 22, 2020 9:00 pm
- Forum: Investing - Theory, News & General
- Topic: Why not 100% PSLDX? [PIMCO StocksPLUS Long Duration Fund]
- Replies: 2109
- Views: 394722
Re: Why not 100% PSLDX?
Anyone else think it feels odd to invest $100K into PSLDX and then realize you own .01% of the entire fund? Just surprised this fund is still <$1B assets under management.
- Thu Sep 10, 2020 8:31 am
- Forum: Investing - Theory, News & General
- Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
- Replies: 14356
- Views: 1988703
Re: HEDGEFUNDIE's excellent adventure Part II: The next journey
[...] My sheet indeed only goes up to 100 days. But also, it uses this range (that you can choose) for both correlation and volatility. From what I understand now, I should adjust it so that the correlation and volatility ranges can be defined separately. Eg. You could set the correlation range to 100 days (4.75mos) and the volatility range to 21 days (1mo), and then it'd work as required? (except of course the correlation range still wouldn't be 6mos due to the Yahoo restriction, but at least we got fairly close) If you would be so kind, could you maybe run a back test with 100 days of correlation data and compare it to 126 days so that we can see if there is a significant difference (and whether it's positive or negative)? Alright, I jus...
- Wed Mar 25, 2020 5:36 am
- Forum: Personal Investments
- Topic: Why not stand on the sidelines for a little while?
- Replies: 302
- Views: 19306
Re: Why not stand on the sidelines for a little while?
Lots of shaky hands on this forum lately. Do it, OP.
- Wed Nov 06, 2019 12:47 pm
- Forum: Personal Investments
- Topic: Is the effective interest rate of a loan higher when it’s early in amortization period?
- Replies: 42
- Views: 2494
Re: Is the effective interest rate of a loan higher when it’s early in amortization period?
Doesn’t matter. The only thing changing as a loan amortizes is the amount of the loan balance subject to interest.
- Fri Oct 25, 2019 8:05 am
- Forum: Personal Finance (Not Investing)
- Topic: Refinance Mega Thread
- Replies: 12862
- Views: 1276467
Re: Refinance Mega Thread
I am not rolling any costs into the loan. Well, technically that's exactly what you are doing: Lender credit exceeding the cost of the appraisal. I’m taking a higher interest rate to keep my out of pocket costs on the refinance as close to zero as possible. You're adding the loan fees to the loan in the form of a higher interest rate. If you keep the loan longer than the break-even point, the bank wins (e.g., if the loan costs were $2,000 and the higher rate makes your P&I $25 higher, then break-even is $2,000/$25 = 80 months = 6.7 years). Nothing wrong with that if the numbers make sense, just don't fool yourself. :wink: At the end of the day, I'm improving my interest rate position relative to my current loan with very minimal out of...
- Thu Oct 24, 2019 7:00 pm
- Forum: Personal Finance (Not Investing)
- Topic: Refinance Mega Thread
- Replies: 12862
- Views: 1276467
Re: Refinance Mega Thread
Wow. Just when I thought I’d be moving forward with Aimloan. I’ll be looking into this. Great rate.rywi wrote: ↑Thu Oct 24, 2019 5:03 pm I just finished refinancing with Owning Corporation. Got a 2.875% fixed 15 mortgage and paid absolutely $0 closing costs, appraisal cost, etc. The only cost was $198 recording fee on the old mortgage. Had a very good and easy experience with Owning, got everything done in about 2 weeks. Their rates are 2.99% now for 15 year fixed under ~$480K.
- Thu Oct 24, 2019 6:30 pm
- Forum: Personal Finance (Not Investing)
- Topic: Refinance Mega Thread
- Replies: 12862
- Views: 1276467
Re: Refinance Mega Thread
I've been paying down a 30-yr 3.75% mortgage from $245K to $168K over the past 3.5 years. I'm projecting to pay the whole thing off 6 years from now. I am looking at refinancing into a 15-yr fixed mortgage on Aimloan. I can get into a 3.5% 15-yr fixed loan for near the same payment (within $100) I have on my 30-yr now. It'll cost me $246.18 out of pocket and save me about $1,800 over the next 6 years. For those who have gone through a refinance before, is it worth the hassle to save $1,800? Obviously that benefit grows if I pay my mortgage down slower but I hope to pay it off in 6 years. I have refinanced twice and and in the process of doing it again now. All times it has taken the following steps: 1) Email 2 months paystubs, copy of driv...
- Thu Oct 24, 2019 2:30 pm
- Forum: Personal Finance (Not Investing)
- Topic: Refinance Mega Thread
- Replies: 12862
- Views: 1276467
Re: Refinance Mega Thread
I've been paying down a 30-yr 3.75% mortgage from $245K to $168K over the past 3.5 years. I'm projecting to pay the whole thing off 6 years from now. I am looking at refinancing into a 15-yr fixed mortgage on Aimloan. I can get into a 3.5% 15-yr fixed loan for near the same payment (within $100) I have on my 30-yr now. It'll cost me $246.18 out of pocket and save me about $1,800 over the next 6 years. For those who have gone through a refinance before, is it worth the hassle to save $1,800? Obviously that benefit grows if I pay my mortgage down slower but I hope to pay it off in 6 years. I have refinanced twice and and in the process of doing it again now. All times it has taken the following steps: 1) Email 2 months paystubs, copy of driv...
- Wed Oct 23, 2019 2:07 pm
- Forum: Personal Finance (Not Investing)
- Topic: Refinance Mega Thread
- Replies: 12862
- Views: 1276467
Re: Refinance Mega Thread
I've been paying down a 30-yr 3.75% mortgage from $245K to $168K over the past 3.5 years.
I'm projecting to pay the whole thing off 6 years from now.
I am looking at refinancing into a 15-yr fixed mortgage on Aimloan. I can get into a 3.5% 15-yr fixed loan for near the same payment (within $100) I have on my 30-yr now. It'll cost me $246.18 out of pocket and save me about $1,800 over the next 6 years.
For those who have gone through a refinance before, is it worth the hassle to save $1,800? Obviously that benefit grows if I pay my mortgage down slower but I hope to pay it off in 6 years.
I'm projecting to pay the whole thing off 6 years from now.
I am looking at refinancing into a 15-yr fixed mortgage on Aimloan. I can get into a 3.5% 15-yr fixed loan for near the same payment (within $100) I have on my 30-yr now. It'll cost me $246.18 out of pocket and save me about $1,800 over the next 6 years.
For those who have gone through a refinance before, is it worth the hassle to save $1,800? Obviously that benefit grows if I pay my mortgage down slower but I hope to pay it off in 6 years.
- Mon Aug 05, 2019 8:11 pm
- Forum: Personal Consumer Issues
- Topic: Homeowner Insurance Payout
- Replies: 4
- Views: 785
Re: Homeowner Insurance Payout
I will have a bank in the equation due to a mortgage (US Bank). They have some documentation around how to handle large insurance claims including using the entire claim against the principal of the mortgage balance. It will be interesting to see how this all plays out. I would hope the mortgage company would be with me in terms of adding more value to the house through improvements other than replacing $10,000 of windows with nearly inivisible dents Or taking that remainder and applying towards principal.
- Mon Aug 05, 2019 4:32 pm
- Forum: Personal Consumer Issues
- Topic: Homeowner Insurance Payout
- Replies: 4
- Views: 785
Homeowner Insurance Payout
Hi all, I am dealing with a homeowners insurance claim for the first time due to a recent hail storm in my area. I want to run my line of thought past the boglehead community and see if people agree/disagree with my approach. My insurance claim has been approved and I am working with insurance directly on a few things they missed. I have a $32K check in hand and would not be surprised to see another $10K-$15K for some items they missed primarily relating to windows/gutters. I have contacted some contractors and they immediately want to see the insurance paperwork and take over as a liaison between me and the insurance company. I am approaching this as two separate problems: 1) Work with the insurance company to get a full and accurate claim...
- Sun Jun 30, 2019 8:54 pm
- Forum: Personal Finance (Not Investing)
- Topic: Does anyone here with net worths north of $1 mil use financial advisors?
- Replies: 454
- Views: 87450
Re: Does anyone here with net worths north of $1 mil use financial advisors?
I'm finding it interesting that most everyone in this thread does not pay for a financial advisor under their typical business model (high expense ratio funds, selling other high fee investment products, % AUM) but the folks who have paid a fee-only to an advisor find it money well spent.
Are financial advisors smarter than we give them credit for once you take away their sales pitch and high fee investment products? Or do you need to find an advisor that specializes in fee-only services?
Are financial advisors smarter than we give them credit for once you take away their sales pitch and high fee investment products? Or do you need to find an advisor that specializes in fee-only services?