Search found 10 matches

by takeabiteoflife
Thu Sep 17, 2020 11:29 am
Forum: Personal Finance (Not Investing)
Topic: How to get over finance envy
Replies: 377
Views: 51443

Re: How to get over finance envy

I am also guilty of finance envy. We live in a VHCOL area and all of our neighbors have beautiful homes, expensive luxury cars, dining/take outs, and have numerous trips/vacations, etc. I have wondered how do they have these lavish lifestyles and still be able to save. My DW says that most of them a...
by takeabiteoflife
Fri Jun 26, 2020 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Are we financially okay?
Replies: 68
Views: 10096

Re: Are we financially okay? - Update

Thanks to all the feedback from the BH community, we took some actions based on the great advice. • We cut our monthly expenses to $9-10K (partly helped by refinancing to 3.25% from 4%) • Our investment portfolio is still comprised of ~$2M of cash in MM/CDs, ~$2M in stocks (half in retirement accoun...
by takeabiteoflife
Thu Mar 26, 2020 11:57 pm
Forum: Personal Finance (Not Investing)
Topic: Extended unemployment benefits under stimulus plan?
Replies: 4
Views: 595

Extended unemployment benefits under stimulus plan?

DW has been unemployed since September 2019. Her UI benefits will end in April. Is she eligible to extend her UI benefits under the new $2T stimulus bill to fight coronavirus? If so, any idea how to apply for an extension and the amount of the benefit?
by takeabiteoflife
Sun Feb 09, 2020 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 968
Views: 134091

Re: How much money do you want to retire?

I was hoping for $5M without any debt...that puts me about $800k away. Not sure I will make it. :? Have you tracked your expenses? Do you spend $150k (3%) or $200k (4%) a year with the house paid off? Note I'm not asking you what your income is... How much do you spend? You might be able to retire ...
by takeabiteoflife
Sun Feb 09, 2020 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 968
Views: 134091

Re: How much money do you want to retire?

Annual expenses are roughly 120-130k per year.
by takeabiteoflife
Sun Feb 09, 2020 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 968
Views: 134091

Re: How much money do you want to retire?

I was hoping for $5M without any debt...that puts me about $800k away. Not sure I will make it. :?
by takeabiteoflife
Wed Jan 15, 2020 12:43 am
Forum: Personal Finance (Not Investing)
Topic: JPM Chase Reserve Card gets more expensive
Replies: 498
Views: 47801

Re: JPM Chase Reserve Card gets more expensive

Does the DoorDash credit only apply to delivery/service fees or can I essentially get $60 of free food if I go pick up?
by takeabiteoflife
Mon Aug 19, 2019 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Are we financially okay?
Replies: 68
Views: 10096

Re: Are we financially okay?

I've made edits to the original post to provide more details: Investments: Cash/MM/CD - $2M @ ~2% interest rate or ~$40K interest income/yr Stocks - $2M (~$1M in 401K/ROTH/IRA and then $125K in 529) Bond - $100K Mortgage Debt of $800K (equity of ~$600K) @ 4% Despite being negative cash flow until DW...
by takeabiteoflife
Sun Aug 18, 2019 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Are we financially okay?
Replies: 68
Views: 10096

Re: Are we financially okay?

Thanks for the feedback, everyone. We will look and see how we can shave some expenses. Interest income should be about $40k this year. Mortgage is @ 4%, will look into refi. Within the stock portfolio, about $125K is 529. When we rebalance our portfolio, will probably put cash into a Vanguard index...
by takeabiteoflife
Sat Aug 17, 2019 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Are we financially okay?
Replies: 68
Views: 10096

Are we financially okay?

Me 48 yo, DW 46 yo, 11 yr old, 8 yr old We live in a VHCOL area in East Coast Monthly expenses are ~$13,000-14,000 per month (~$6K for mortgage and property tax) Investments: Cash/MM/CD - $2M @ ~2% interest rate or ~$40K interest income/yr Stocks - $2M (~$1M in 401K/ROTH/IRA and about $125K in 529) ...