Search found 44 matches

by Savermom
Fri Sep 25, 2020 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Wife Quitting High Earning Job?
Replies: 56
Views: 8303

Re: Wife Quitting High Earning Job?

So many people would love to be in your financial position and to be able to afford to stay home with kids. Your wife cannot get this time back with her parents and your kids. If she wants to stay home, she is very fortunate that she can. If she is not sure whether she would like it, yes, a leave of...
by Savermom
Sun Sep 20, 2020 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Challenging a physician's bill
Replies: 82
Views: 5450

Re: Challenging a physician's bill

I would also add that this is the price that they would bill your insurance, and if it was in network, your insurance would pay a lower negotiated rate. I would politely call, explain that you were told that your insurance was accepted, otherwise you would have made an appointment with a different p...
by Savermom
Thu Sep 17, 2020 2:41 pm
Forum: Investing - Theory, News & General
Topic: So, you want to tilt to growth
Replies: 33
Views: 2815

Re: So, you want to tilt to growth

Yes, I have a family member who sees the huge gains in growth and then sold value to buy QQQ during August. Performance chasing!

We don’t have to worry about which will outperform with the total stock market fund which is of course one of the benefits holding it long term.
by Savermom
Wed Sep 09, 2020 7:41 am
Forum: Investing - Theory, News & General
Topic: Jane Bryant Quinn, stock allocation before / after retirement
Replies: 40
Views: 6514

Re: Jane Bryant Quinn, stock allocation before / after retirement

This does not sound like a good idea to me. Sure, you can pick times where it would work. But taking on more risk when you are living off your retirement account and decreasing the amount of fixed income that you can pull from in a down market just does not seem sensible to me. For example, you coul...
by Savermom
Mon Aug 31, 2020 2:20 pm
Forum: Personal Investments
Topic: Family member has one million in one stock , doesn't want to cash out
Replies: 261
Views: 28353

Re: My dad has 1 million in Tesla, I told him to cash out, he doesn't want too

You are right, but people like this won’t listen to you. My dad is like this. Plus, you could tell him to get out and then it keeps going up. If your dad is not criticizing you for the way you invest, just be thankful for that. My dad criticized me the other day for not being “aggressive” enough. An...
by Savermom
Sat Aug 29, 2020 6:40 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4896
Views: 936730

Re: What's Your Credit Card Rewards Strategy?

Chase Trifecta (most purchases)
Amex gold (but the airline credit and dining credits annoy me- I don’t know how long I will keep it)
by Savermom
Fri Aug 28, 2020 5:54 am
Forum: Personal Consumer Issues
Topic: Hilton Head recommendation
Replies: 11
Views: 1390

Re: Hilton Head recommendation

Marriott Vacation Club Grande Ocean

They have 2 bedroom units w a comfortable sofa bed in the living room
by Savermom
Wed Aug 26, 2020 12:50 pm
Forum: Investing - Theory, News & General
Topic: Bear Cub Smells Bubble
Replies: 406
Views: 30015

Re: Bear Cub Smells Bubble

I have had all the same thoughts as you have. I think the market direction also depends on the election results. My current AA is 80/20. I am planning to follow this AA at least for now. Since I don’t need my money for years, I will be ok if we have another correction. I have to say that I see how b...
by Savermom
Tue Aug 25, 2020 11:44 am
Forum: Personal Investments
Topic: Single 12% marginal tax bracket roth v traditional
Replies: 28
Views: 1662

Re: Single 12% marginal tax bracket roth v traditional

A Roth!!!!!! You will have so much in gains from these contributions given your age, and you are in a low tax bracket.
by Savermom
Wed Aug 19, 2020 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Question about the "cash back" from AMEX Blue Cash Preferred
Replies: 7
Views: 707

Re: Question about the "cash back" from AMEX Blue Cash Preferred

I have not used my blue cash for awhile (I have the old one). I think that the cash back credits just work like a payment and don’t lower your earned cash back for that month.
by Savermom
Wed Aug 12, 2020 5:41 am
Forum: Personal Finance (Not Investing)
Topic: Rates so low. Should we take out a mortgage on home?
Replies: 33
Views: 3920

Re: Rates so low. Should we take out a mortgage on home?

DW and I are 37 years old, no kids yet but trying, live in MCOL area, 50-60k annual expenses, 550k total household income, and NW 3.25mm broken down as follows: RE equity 1.34mm (750k primary home with no mortgage but 105k drawn HELOC + 800k rental with 533k mortgage + 350k paid off rental + 75k Re...
by Savermom
Tue Aug 11, 2020 5:45 pm
Forum: Investing - Theory, News & General
Topic: Convince me not to sell all my US equities to Cash temporarily
Replies: 135
Views: 11443

Re: Convince me not to sell all my US equities to Cash temporarily

I understand your thoughts. I have had the same thoughts, but I know that I cannot time the market. I would not have expected the market to recover so quickly. Of course it is primarily big tech which has put the market back where it was. There are plenty of other stocks which have a ways to go to r...
by Savermom
Tue Aug 11, 2020 3:09 pm
Forum: Personal Investments
Topic: Moving to Cash?
Replies: 158
Views: 11497

Re: Moving to Cash?

If you own both stock and bond funds, you don’t have to try to time the market. If the market falls, you will be rebalancing by selling bonds and buying stocks. This is what I love about rebalancing. Like I have read on this board before, if you’re really panicked, you may have the wrong asset alloc...
by Savermom
Sun Aug 09, 2020 10:07 am
Forum: Personal Investments
Topic: Asset allocation advice for a 23 year old.
Replies: 6
Views: 471

Re: Asset allocation advice for a 23 year old.

I would put it all in VTSAX or VTI. You don’t need to have $3,000 to invest with Vanguard. You can buy their ETFs. VTI is the ETF version of VTSAX, the total stock market fund.
by Savermom
Sat Aug 08, 2020 3:16 pm
Forum: Investing - Theory, News & General
Topic: Think no one can beat the index?
Replies: 158
Views: 15415

Re: Think no one can beat the index?

I would not meet w the salesman. You can do your own retirement projections w a spreadsheet or online calculator. It is best to not meet w him so that you can avoid the sales pitch and I would guess follow up calls? I have never had a financial advisor, but I have met some through work. They are sal...
by Savermom
Sat Aug 08, 2020 3:03 pm
Forum: Investing - Theory, News & General
Topic: Primecap Admiral Fund VPMAX
Replies: 33
Views: 7690

Re: Primecap Admiral Fund VPMAX

Wondering the same thing myself- I sold it after many years and bought TSM this year. I am not sure if I will buy some back in the future. I had so many years of outperformance with this fund...
by Savermom
Sat Aug 08, 2020 2:53 pm
Forum: Personal Investments
Topic: Considering Firing Financial Advisor
Replies: 45
Views: 3210

Re: Considering Firing Financial Advisor

Yes, I would say fire the advisor. If you do the 2 or 3 portfolio, you don’t have to spend time picking funds like your wife did not like. Hopefully she will understand that the advisor is not beating the market AND charging high fees.
by Savermom
Sun Aug 02, 2020 2:23 pm
Forum: Personal Consumer Issues
Topic: Any Chase Sapphire Reserve cardholders planning on cancelling?
Replies: 80
Views: 7865

Re: Any Chase Sapphire Reserve cardholders planning on cancelling?

I am thinking about downgrading to the chase sapphire preferred when my renews next year. I never use the travel portal. I will have to calculate how much I will spend for travel and dining first.
by Savermom
Sat Aug 01, 2020 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Turbotax Calculated Tax Penalty
Replies: 3
Views: 322

Re: Turbotax Calculated Tax Penalty

You have to have paid in (through withholding and/or estimated payments) the lesser of 90 percent of the current year’s tax or 100 percent of the prior year’s tax to avoid a penalty.
by Savermom
Sat Aug 01, 2020 8:25 am
Forum: Personal Investments
Topic: Trying to match total market in 401k
Replies: 14
Views: 986

Re: Trying to match total market in 401k

Yes, I do the s and p in 401k and TSM in other accounts.
by Savermom
Sun Jul 26, 2020 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Marriott/Hilton upgrades not available when booking through third-party websites (and credit card comparison)
Replies: 20
Views: 2022

Re: Marriott/Hilton upgrades not available when booking through third-party websites (and credit card comparison)

Yeah, I understood going in that I would not get any Hilton points when going through Amex.com, but I didn’t know that I wouldn’t get any benefits. Going direct next time except will use my hotels.com stamps one last time as I have eight stamps and with the promotion, get one stamp free if I book a...
by Savermom
Sun Jul 26, 2020 11:41 am
Forum: Personal Finance (Not Investing)
Topic: On-call on weekends ?
Replies: 65
Views: 6297

Re: On-call on weekends ?

My husband works in IT. He gets certain alerts for his clients 24/7. He is secondary on call on weekends and evenings once about every 7 weeks. That is nice that you can take off time during the week to make up for it! My husband’s job does not allow this unless he is working a long time during the ...
by Savermom
Sat Jul 25, 2020 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Forgo a year of retirement contributions to spend on self?
Replies: 45
Views: 4023

Re: Forgo a year of retirement contributions to spend on self?

No because of the employer match and you have so many years for that money to grow
by Savermom
Sat Jul 25, 2020 6:53 am
Forum: Personal Finance (Not Investing)
Topic: Marriott/Hilton upgrades not available when booking through third-party websites (and credit card comparison)
Replies: 20
Views: 2022

Re: Marriott/Hilton upgrades not available when booking through third-party websites (and credit card comparison)

I also prefer the CSR over Amex. I am thinking about changing my CSR to a CSP though since they increased the fee. I don’t like using their portal and booking through a third party. I primarily transfer the points. I have to do the math to see if it is worth it for what I will spend next year. Yes, ...
by Savermom
Tue Jul 21, 2020 1:49 pm
Forum: Investing - Theory, News & General
Topic: Thank You Bogleheads!
Replies: 2
Views: 419

Re: Thank You Bogleheads!

Wow, deleted for recommending index funds! :shock:
Welcome to the group!
by Savermom
Sun Jul 12, 2020 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming teacher after reaching FIRE? Advice needed!
Replies: 86
Views: 7283

Re: Becoming teacher after reaching FIRE? Advice needed!

I would not recommend teaching unless you don’t mind dealing with behavior issues. I taught high school math for a year. I absolutely hated it, and it was always my dream to be a teacher. My husband also taught and hated it. Even if I became better at managing problem kids, I would still not like it...
by Savermom
Wed Jul 08, 2020 11:43 am
Forum: Personal Consumer Issues
Topic: Global Entry Interview conditional approval (365 day clock)...
Replies: 15
Views: 1213

Re: Global Entry Interview conditional approval (365 day clock)...

Thank you for asking this question!!! I have the same issue! I had an appointment in March that was canceled and then my late July appointment was also canceled. My deadline is October 31. I was able to sign up for December, so I was hoping it was extended.
by Savermom
Fri Jul 03, 2020 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with all this MONEY ?
Replies: 201
Views: 21217

Re: What to do with all this MONEY ?

If you have not gone to an estate planning attorney yet, you need to. Also, I would advise leaving your money in a Trust with your children as beneficiaries. This way they do not get the money outright. Therefore your son cannot waste all of it and then not have any left. Also, it could last for fut...
by Savermom
Fri Jul 03, 2020 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Dumb question - if I only buy from Vanguard, I still have to file taxes right?
Replies: 9
Views: 1155

Re: Dumb question - if I only buy from Vanguard, I still have to file taxes right?

Yes, dividends are income. You don’t have to keep track of your dividend reinvestment as one person mentioned; Vanguard does this for you. They will increase your cost basis for the purchase with your dividends.
by Savermom
Sun Jun 28, 2020 6:06 pm
Forum: Personal Investments
Topic: Looking for verification on Annuity pitch...
Replies: 80
Views: 5080

Re: Looking for verification on Annuity pitch...

Yes, get out, move to Vanguard or Fidelity. They are pushing the annuity because they get huge commissions from them!
by Savermom
Sat Jun 27, 2020 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: How I learned to love my low yield emergency fund
Replies: 53
Views: 6544

Re: How I learned to love my low yield emergency fund

Oh wow, I am so sorry that happened to you and that it was so expensive. I am glad you had the money and did not have the extra stress of selling at a loss or trying to come up with the money another way. I agree that EFs are important. I do miss the days of decent money market and CD yields! I hope...
by Savermom
Fri Jun 26, 2020 6:43 am
Forum: Personal Finance (Not Investing)
Topic: Too Much Retirement/Not Enough for House?
Replies: 127
Views: 13516

Re: Too Much Retirement/Not Enough for House?

I am wondering if you have included all costs in your estimation of the monthly cost of the house. There are home insurance, property taxes, lawn maintenance (unless you do it yourself), neighborhood fees, constant repairs & maintenance- appliances, roof leaks, etc., appliances need to be replaced, ...
by Savermom
Tue Jun 16, 2020 4:26 pm
Forum: Personal Investments
Topic: Young investors and bonds
Replies: 94
Views: 5187

Re: Young investors and bonds

I just cannot comprehend all of this and don't think that I ever will. willthrill81, And, you don't have to. You have a secured job plus you would inherit some money. Some of us have to survive and thrive regardless of whatever life has thrown to us. KlangFool Clearly, I'm not the only one who has ...
by Savermom
Tue Jun 16, 2020 3:24 pm
Forum: Personal Consumer Issues
Topic: Replace my 4 Runner? Update on Repair Post 47
Replies: 65
Views: 4623

Re: I May Need to Replace my 2005 4 Runner :(

If you cannot fix your car, you will love having some of the safety features like the back up camera. I think you can turn the lane assistant off where it beeps at you if you go in other lanes. I really like the blind spot monitor.
by Savermom
Mon Jun 15, 2020 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Prenup? What Should It Say?
Replies: 232
Views: 11807

Re: Prenup? What Should It Say?

I would say if you want your money to be separate, put your $1 million in a grantor trust. You are the trustee of a grantor trust, and the income is reported on your return. The prenup would be for the trust. With your earned money going forward, I would count it as joint, pay off her student loans,...
by Savermom
Sat Jun 13, 2020 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: Verify a young families priorities
Replies: 35
Views: 3442

Re: Verify a young families priorities

Check the expense ratios on your 401k. My husband’s 401k has high expense ratios. I would rather have the IRAs at a low cost brokerage. I agree with the previous posters- get rid of the FA- you should not feel guilty at all for this.
by Savermom
Sat Jun 06, 2020 3:28 am
Forum: Investing - Theory, News & General
Topic: Rebalancing in volatile times ETFs vs. Mutual Funds
Replies: 11
Views: 708

Rebalancing in volatile times ETFs vs. Mutual Funds

I have always used mutual funds. I like that I could trade ETFs with no 30 day restriction unlike the mutual funds, but I am concerned with premiums and discounts in volatile markets. In a very volatile market, I may need to rebalance again in less than 30 days which may increase my returns. However...
by Savermom
Tue May 26, 2020 8:05 pm
Forum: Personal Investments
Topic: 90% VTSAX?
Replies: 15
Views: 2260

Re: 90% VTSAX?

If you don’t want international, you should know that John Hancock aggressive growth has 37 percent international. My husband has a John Hancock 401k,
and I hate their fees. I have him in vanguard growth index and vanguard value index. They don’t have VTSAX.
by Savermom
Sat May 23, 2020 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Approaching 40, worried about financial future
Replies: 121
Views: 12848

Re: Approaching 40, worried about financial future

I understand how your wife feels, and I would not pressure her to get a job. It is work taking care of a family and a house. I would advise supporting your wife on her role as a
mom and just asking her to help you cut expenses and save right now. Your support would mean a lot to her.
by Savermom
Sat May 23, 2020 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Approaching 40, worried about financial future
Replies: 121
Views: 12848

Re: Approaching 40, worried about financial future

I don’t know what kind of retirement accounts you have. I would do your 401k (Roth 401k if your plan allows them) enough for the matching, then do a Roth IRA. If you and your partner are married, your partner can also do a Roth IRA contribution. My husband’s 401k has high fees, so I always max out o...
by Savermom
Wed May 20, 2020 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Best credit card for grocery rewards
Replies: 53
Views: 4899

Re: Best credit card for grocery rewards

Amex Blue Cash Preferred. It does have an annual fee $99 But 6% on groceries and streaming services year round. I have the old Amex Blue cash, never updated it. 5% on gas groceries and drugstores. 1.5% everything else. No fees. There is a min spend before 5%, but I determined I come out ahead. Henc...