Search found 614 matches

by WorkToLive
Thu Sep 20, 2018 8:08 am
Forum: Personal Consumer Issues
Topic: Bathroom and Basement Remodel Costs
Replies: 56
Views: 3774

Re: Bathroom and Basement Remodel Costs

I feel like this is very personal decision. It sounds like you know this business so I think you know whether these prices are out of range or not, but in the end I think you need to consider how much money you have, what your other goals are, and how much you will enjoy the output of this work. I s...
by WorkToLive
Thu Aug 30, 2018 5:21 pm
Forum: Investing - Theory, News & General
Topic: "6 Reasons The Rich Should Pay-Off Their Mortgage"
Replies: 192
Views: 35237

Re: "6 Reasons The Rich Should Pay-Off Their Mortgage"

The main reason I decided to pay off the mortgage was because I struggle to spend money in general. I have a spouse and a child and I want a good life with a reasonable balance between savings and spending. We have never saved less than 20% of our income and are on track to save 35% this year. Hones...
by WorkToLive
Wed Aug 22, 2018 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: FireCalc Question
Replies: 11
Views: 1061

Re: FireCalc Question

This is why I was recommended to split up my remaining life into two sections. A period of time prior to retirement and a period of time thereafter. I used the value from the pre-retirement simulation at about the 10th percentile as the input into the second simulation. This shortens the timeframe f...
by WorkToLive
Thu Jul 12, 2018 4:27 pm
Forum: Personal Consumer Issues
Topic: Advice on IT Certification program
Replies: 93
Views: 4438

Re: Advice on IT Certification program

I am an IT project manager and would consider hiring someone with this certificate as a Tier one helpdesk or call center agent. From there, your student could figure out what to specialize in and move forward with a four year degree.
by WorkToLive
Thu Jul 12, 2018 4:25 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 362
Views: 18409

Re: COMING SOON: BOGLEHEADS PODCASTS

Bogleheads: Do It Yourself Investing

Bogleheads: Low-Cost DIY Investing

Investing the Easy Way with Bogleheads

Simply Rich: Invest the Bogleheads Way
by WorkToLive
Sat Jun 02, 2018 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: 125K Spend - Would you do this ?
Replies: 53
Views: 5389

Re: 125K Spend - Would you do this ?

I would put a bunk bed in my sons room, perhaps a double on the bottom and twin for him on the top. Kids generally sleep more deeply and you could give yourself some mkre time to decide.
by WorkToLive
Mon May 07, 2018 1:24 pm
Forum: Investing - Help with Personal Investments
Topic: advise on custodial account for daughter
Replies: 14
Views: 899

Re: advise on custodial account for daughter

Is this a UGMA/UTMA account? If so, you have a legal obligation to turn the funds over to her at 18 or 21 depending on your state. If these are just funds you have set aside in your own name for her, then you can only give her up to the annual gift exclusion amount, currently $15,000, without fillin...
by WorkToLive
Sun May 06, 2018 10:24 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Plan After Windfall At My Age With 3 Kids
Replies: 15
Views: 2851

Re: Investment Plan After Windfall At My Age With 3 Kids

My immediate thought is to add more to the 529 plans. $300,000 is not enough for three kids. Why not put the max years of $15,000 into the 529s? If there is excess, you can always gift it to any grandkids or just pay the 10% penalty on earnings. That will shelter a bunch more from taxes and get coll...
by WorkToLive
Mon Apr 30, 2018 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Trustee question--am I on the title?
Replies: 7
Views: 767

Re: Trustee question--am I on the title?

USAA says I’m eligible so long as I am legally able to sell the home, which I am. She’s checking and will email me. I looked at Redfin, but there is a $4500 minimum in the zip code where the condo is, and the property is only worth $185k. In that case, Redfin vs. USAA is a wash so long as I am rebat...
by WorkToLive
Sun Apr 29, 2018 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Trustee question--am I on the title?
Replies: 7
Views: 767

Re: Trustee question--am I on the title?

Gill wrote:
Sun Apr 29, 2018 4:27 pm
No, the trust is the owner of the home, not you individually but only in your capacity as trustee.
Gill
Thanks, Gill. I guess that means no one is eligible for the rebate. Bummer.
by WorkToLive
Sun Apr 29, 2018 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Trustee question--am I on the title?
Replies: 7
Views: 767

Trustee question--am I on the title?

Hi, fellow finance folks, I am hoping someone can answer a question for me about a real estate title. I am working to sell my aunt's apartment because I am her personal representative and trustee on her trust, as well as eventual executor. She has been diagnosed with dementia and declared unable to ...
by WorkToLive
Thu Apr 26, 2018 5:58 am
Forum: Personal Finance (Not Investing)
Topic: Another house budget question
Replies: 25
Views: 2685

Re: Another house budget question

I think the biggest consideration you need to make is how early you would like to retire. Having kids is expensive, really expensive. Especially if you are in a high cost of living area such as what you describe. When we bought our house for a purchase price of $635,000, our total household income w...
by WorkToLive
Sun Apr 22, 2018 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: How long have you been unemployed?
Replies: 60
Views: 6304

Re: How long have you been unemployed?

To me, unemployment carries with it the connotation that you cannot find work although you are looking for it. In that case, I have never been unemployed. That said, I took off about nine months between jobs in my 20s to figure out my new career and about three years after my daughter was born. I ha...
by WorkToLive
Sat Apr 21, 2018 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance Changing Lifestyle
Replies: 79
Views: 10621

Re: Inheritance Changing Lifestyle

Not sure why folks are assuming that OP is a man and the spouse is a woman. In my family, the one spending more money would certainly be the husband. I agree with the previous posters that this is a relationship issue and not a financial problem. Is your spouse aligned with your long-term goals for ...
by WorkToLive
Wed Apr 18, 2018 1:37 pm
Forum: Personal Consumer Issues
Topic: 2018 Honda Fit EX
Replies: 33
Views: 2979

Re: 2018 Honda Fit EX

We bought a new 2009 Honda Fit sport and have been extremely satisfied. We have 109k on it and you would never know it wasn't just driven off the lot.
by WorkToLive
Wed Apr 11, 2018 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: My PCP Won't See Me After Auto Accident - How to Handle With Insurance Company?
Replies: 39
Views: 4427

Re: My PCP Won't See Me After Auto Accident - How to Handle With Insurance Company?

After a recent auto accident, my PCP asked that I pay in full for the visit, which I did. I was reimbursed by the insurance company many months after.
by WorkToLive
Fri Apr 06, 2018 3:29 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7393
Views: 1551001

Re: U.S. stocks in freefall

I had been sitting on about $24k of cash and just dumped it in today. I am committed to not looking again at the market for at least 6 months. I want to get out of the habit of looking at it period.
by WorkToLive
Wed Apr 04, 2018 9:00 pm
Forum: Investing - Help with Personal Investments
Topic: Preparing for Backdoor Roth IRA
Replies: 7
Views: 1122

Re: Preparing for Backdoor Roth IRA

Just completed the last step today! So I took what was four accounts and got it down to to: one 403(b) and one Roth IRA. I will owe a bit of tax on the portion of the post-tax TIRA to Roth conversion that represented gains. I think it will be about $3500 in earnings. Then it will be a simple backdoo...
by WorkToLive
Mon Mar 26, 2018 9:33 am
Forum: Personal Consumer Issues
Topic: WWYD? Trade Honda CR-V for Lexus RX350?
Replies: 32
Views: 2797

Re: WWYD? Trade Honda CR-V for Lexus RX350?

So, I sold my CR-V on Saturday and am in possession of the Lexus! I love it. It was the right choice, I know. I still have to transfer the title and insurance, etc., but I officially made the decision. No looking back! :) Welcome to the "club". https://www.clublexus.com/forums/ If you are like to t...
by WorkToLive
Mon Mar 26, 2018 9:27 am
Forum: Personal Consumer Issues
Topic: WWYD? Trade Honda CR-V for Lexus RX350?
Replies: 32
Views: 2797

Re: WWYD? Trade Honda CR-V for Lexus RX350?

So, I sold my CR-V on Saturday and am in possession of the Lexus! I love it. It was the right choice, I know. I still have to transfer the title and insurance, etc., but I officially made the decision. No looking back! :)
by WorkToLive
Mon Mar 26, 2018 9:26 am
Forum: Personal Consumer Issues
Topic: WWYD? Trade Honda CR-V for Lexus RX350?
Replies: 32
Views: 2797

Re: WWYD? Trade Honda CR-V for Lexus RX350?

This sounds more like a boredom issue than a car issue. The only downside I can see is that once you have the Lexus, you won't be satisfied going back to a non-luxury car. So this is sort of the "gateway drug" to higher car costs going forward. This. I went from an Acura to a Subaru over two years ...
by WorkToLive
Mon Mar 26, 2018 9:23 am
Forum: Personal Consumer Issues
Topic: WWYD? Trade Honda CR-V for Lexus RX350?
Replies: 32
Views: 2797

Re: WWYD? Trade Honda CR-V for Lexus RX350?

What year(s) did Lexus and Acura get the automatic emergency braking and lane watch features? I know the luxury vehicles tend to be a little bit ahead of the game. As of the 2018 models, Toyota and Honda now have these features standard. Car has none of those safety features, but neither does CR-V.
by WorkToLive
Mon Mar 26, 2018 9:22 am
Forum: Personal Consumer Issues
Topic: WWYD? Trade Honda CR-V for Lexus RX350?
Replies: 32
Views: 2797

Re: WWYD? Trade Honda CR-V for Lexus RX350?

Some things to consider; 1) What is the condition of the tires? If one of them will need new tires soon then that would be a significant amount. 2) ESC seems to be a real good safety feature to have especially in a SUV. That became standard in about 2012 so they may not may not have it. Check out t...
by WorkToLive
Mon Mar 26, 2018 9:18 am
Forum: Personal Consumer Issues
Topic: WWYD? Trade Honda CR-V for Lexus RX350?
Replies: 32
Views: 2797

Re: WWYD? Trade Honda CR-V for Lexus RX350?

boglebill2015 wrote:
Sat Mar 24, 2018 8:23 pm

I think you know what you want to do. You have permission from this disciple of St. Bogle.
I love it! Thanks :D
by WorkToLive
Mon Mar 26, 2018 9:17 am
Forum: Personal Consumer Issues
Topic: WWYD? Trade Honda CR-V for Lexus RX350?
Replies: 32
Views: 2797

Re: WWYD? Trade Honda CR-V for Lexus RX350?

Wow - A thread I feel qualified to comment on !! We have both a 2007 Lexus RX350 (190,000 miles) and a 2013 Honda CRV (65,000 miles), we like them both but the Lexus probably wins out for the most part for the price difference you are talking about. Pros / Cons - RX350 - Much less road / tire noise...
by WorkToLive
Fri Mar 23, 2018 2:26 pm
Forum: Personal Consumer Issues
Topic: WWYD? Trade Honda CR-V for Lexus RX350?
Replies: 32
Views: 2797

Re: WWYD? Trade Honda CR-V for Lexus RX350?

I couldn't give a hoot about driving a luxury car. I drove a 16 year old manual transmission Honda Accord until it finally fell apart. I've never found my CR-V comfortable. And it is very under powered. I think I'll go for the trade up. Don't care about resale, don't intend to sell. I'm one of those...
by WorkToLive
Fri Mar 23, 2018 12:27 pm
Forum: Personal Consumer Issues
Topic: WWYD? Trade Honda CR-V for Lexus RX350?
Replies: 32
Views: 2797

WWYD? Trade Honda CR-V for Lexus RX350?

I have the option to change from a 2010 Honda CR-V 2WD EX-L with 65k miles to a 2010 Lexus RX350 with 85k miles for about $2k. Is this a no-brainer? Neither Car has any history of mechanical or accidents. Both cars owned by family members so no lying about the details.
by WorkToLive
Mon Feb 19, 2018 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: Late 20's female looking for some advice towards financial independence
Replies: 31
Views: 4450

Re: Late 20's female looking for some advice towards financial independence

I've often mused that the single best decision I made in my 20s was to have a roommate. Is that a possibility?
by WorkToLive
Wed Dec 20, 2017 6:34 am
Forum: Personal Finance (Not Investing)
Topic: Donor Advised Fund for 2018 Planned Donations?
Replies: 33
Views: 3927

Re: Donor Advised Fund for 2018 Planned Donations?

I used Vanguard Charitable. It allowed me to fund with my Vanguard Brokerage with a few clicks. I chose total US stock fund at 0.04 ER and VG charges 60 bp to manage. So for 0.64, I get my own charitable fund for as long as I want it.
by WorkToLive
Tue Dec 19, 2017 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Donor Advised Fund for 2018 Planned Donations?
Replies: 33
Views: 3927

Re: Donor Advised Fund for 2018 Planned Donations?

I opened and funded ours today with 200 shares of appreciated IBM stock from the 1980s. That should take care of our charitable contributions for many years. I'd been trying to decide what to do with that stock for years and this was so easy.
Took 15 mins tops to set up and fund.
by WorkToLive
Fri Nov 17, 2017 10:46 am
Forum: Personal Consumer Issues
Topic: Suggestions for 1st week vacation in 2018?
Replies: 21
Views: 1708

Re: Suggestions for 1st week vacation in 2018?

The USVI recently suffered a massive hurricane and their infrastructure is still quite damaged. I would check with the hotels before I booked that. Not sure about Grand Cayman.

What about Cozumel, Mexico?
by WorkToLive
Sat Nov 11, 2017 10:02 pm
Forum: Investing - Help with Personal Investments
Topic: IRA Rollover 1 per year rule
Replies: 19
Views: 2043

Re: IRA Rollover 1 per year rule

I think I am more confused than ever. IRS guidance does not seem to be helpful here. Is it ok to do what I propose as long as I have the check written to the new IRA holder? Who can I confirm this with?
by WorkToLive
Sat Nov 11, 2017 7:19 am
Forum: Investing - Help with Personal Investments
Topic: IRA Rollover 1 per year rule
Replies: 19
Views: 2043

Re: IRA Rollover 1 per year rule

Thank you. So as long as I get the distribution check written out to TIAA-CREF and do not have any tax withholding, I can do both. I'm sure that is feasible.
by WorkToLive
Fri Nov 10, 2017 3:09 pm
Forum: Investing - Help with Personal Investments
Topic: IRA Rollover 1 per year rule
Replies: 19
Views: 2043

IRA Rollover 1 per year rule

I'm trying to understand the rule related to: IRA one-rollover-per-year rule You generally cannot make more than one rollover from the same IRA within a 1-year period. You also cannot make a rollover during this 1-year period from the IRA to which the distribution was rolled over. Beginning after Ja...
by WorkToLive
Tue Oct 31, 2017 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Morningstar Forums Display Name
Replies: 7
Views: 1352

Re: Morningstar Forums Display Name

Thanks for letting me know. Glad it worked!
by WorkToLive
Mon Oct 30, 2017 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Morningstar Forums Display Name
Replies: 7
Views: 1352

Re: Morningstar Forums Display Name

I posted a comment on one of the regular Morningstar articles first, then it let me post on the forum.
by WorkToLive
Mon Oct 09, 2017 7:44 am
Forum: Investing - Help with Personal Investments
Topic: Coverdell ESA - Can Minor open own account?
Replies: 10
Views: 1468

Re: Coverdell ESA - Can Minor open own account?

This page says Pub 270 specifically allows child to make contributions. "One way is to have the child make the contribution. Nothing in the law prohibits this, and the IRS explicitly says, in Publication 970, that this is possible." http://fairmark.com/college/saving/coverdell/contrib.htm Pub 270 re...
by WorkToLive
Wed Oct 04, 2017 7:56 pm
Forum: Investing - Help with Personal Investments
Topic: Health Savings Account recommendation
Replies: 22
Views: 3745

Re: Health Savings Account recommendation

Another vote for Optum Bank. I'm happy with them. My new employer uses HSA Bank so now I have them as well. I'm almost ready to invest with TD Ameritrade now that I've built up the required $5,000 in cash.
by WorkToLive
Sun Oct 01, 2017 7:27 pm
Forum: Investing - Help with Personal Investments
Topic: Preparing for Backdoor Roth IRA
Replies: 7
Views: 1122

Re: Preparing for Backdoor Roth IRA

Already done for me! This is the first year he has had access to a 403B so I have been contributing to his nondeductible traditional IRA in preparation for this conversion.
by WorkToLive
Sun Oct 01, 2017 2:40 pm
Forum: Investing - Help with Personal Investments
Topic: Preparing for Backdoor Roth IRA
Replies: 7
Views: 1122

Re: Preparing for Backdoor Roth IRA

My plan is to pay tax on the difference between my basis in the post tax TIRA and the amount rolled into the Roth. There is very little gain (all bond funds).
by WorkToLive
Sat Sep 30, 2017 3:00 pm
Forum: Investing - Help with Personal Investments
Topic: Preparing for Backdoor Roth IRA
Replies: 7
Views: 1122

Preparing for Backdoor Roth IRA

My DH has the following accounts: --Traditional IRA with only pre-tax funds (rollovers from previous workplace retirement accounts & deductible contributions) --Traditional IRA with only post-tax funds (never deducted from income) --SIMPLE IRA (employer and employee contributions) --403(b) at curren...
by WorkToLive
Sat Sep 30, 2017 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Two Comma Club
Replies: 17
Views: 4926

Re: Two Comma Club

Sorry, those of us familiar with Dave Ramsey just use the BS# format to make our posts shorter. Here is what they mean! Baby Step 1: $1,000 cash in a beginner emergency fund Baby Step 2: Use the debt snowball to pay off all your debt but the house Baby Step 3: A fully funded emergency fund of 3 to 6...
by WorkToLive
Wed Sep 27, 2017 4:18 pm
Forum: Investing - Help with Personal Investments
Topic: *New question* Worth it to go into 403(b) from TIRA/SIMPLE?
Replies: 10
Views: 884

Re: *New question* Worth it to go into 403(b) from TIRA/SIMPLE?

Full breakdown is here https://www.bogleheads.org/forum/viewtopic.php?f=1&t=227019&p=3533414#p3519106 It's about 7% of investable assets. Desired AA is 70/30 and I'm closer to 80/20 now. I'm happy with the TIAA Traditional and executed the change today. Next step is to roll in the SIMPLE and pre-tax...
by WorkToLive
Wed Sep 27, 2017 9:09 am
Forum: Investing - Help with Personal Investments
Topic: *New question* Worth it to go into 403(b) from TIRA/SIMPLE?
Replies: 10
Views: 884

Re: *New question* Worth it to go into 403(b) from TIRA/SIMPLE?

I went to Morningstar forums, but they had no idea what I was trying to do and no real advice. So, I thought about this a bunch more and decided to go with the TIAA Traditional for new 403(b) contributions and to roll over the SIMPLE and pre-tax TIRA funds into that as well. Here was my rationale: -...
by WorkToLive
Sun Sep 24, 2017 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Morningstar Forums Display Name
Replies: 7
Views: 1352

Re: Morningstar Forums Display Name

Thank you! It worked.
by WorkToLive
Sun Sep 24, 2017 7:17 am
Forum: Personal Finance (Not Investing)
Topic: Morningstar Forums Display Name
Replies: 7
Views: 1352

Morningstar Forums Display Name

I have several TIAA-CREF questions and would like to discuss them at the Morningstar.com Forums. I made a user account, can log in, and get to the Forums, but when I click "New Post" the site asks me to choose a display name and no matter what I type in, it won't let me choose one. I've tried the cr...
by WorkToLive
Thu Sep 21, 2017 8:08 pm
Forum: Investing - Theory, News & General
Topic: No More Saving???
Replies: 114
Views: 12408

Re: No More Saving???

I thought about this but the fact is with our income hovering just above $200,000, it would be foolish not to take advantage of tax-deferred accounts. So we just keep saving!
by WorkToLive
Wed Sep 20, 2017 8:44 am
Forum: Investing - Help with Personal Investments
Topic: *New question* Worth it to go into 403(b) from TIRA/SIMPLE?
Replies: 10
Views: 884

Re: Worth it to go into 403(b) from TIRA/SIMPLE?

Ok, new plan: What about I put the $166,000 and new contributions into the TIAA Traditional Retirement Choice annuity? Yes, this locks the money in forever, basically, but since we have no pensions of any sort, it might be nice to have an annuity. Current interest is 4.25%, but only guaranteed at 1%...