Search found 98 matches

by JS-Elcano
Sat Oct 24, 2020 8:55 am
Forum: Investing - Theory, News & General
Topic: Mental accounting
Replies: 6
Views: 399

Re: Mental accounting

Investing Newbie wrote: Sat Oct 24, 2020 8:50 am I’ve thought about doing that but would make TLH a mess.
Well, then put it into something other than SP500 if you need that for TLH. Put it in world index or international.
by JS-Elcano
Sat Oct 24, 2020 8:48 am
Forum: Investing - Theory, News & General
Topic: Mental accounting
Replies: 6
Views: 399

Re: Mental accounting

You could just buy a particular stock index fund with your non-retirement money (e.g, SP500 fund) that you don't use for your retirement index funds (e.g., VTSAX). That way your non-retirement investments are separate but still in the same account.
by JS-Elcano
Thu Oct 22, 2020 10:05 pm
Forum: Personal Consumer Issues
Topic: Ideal City to live in?
Replies: 160
Views: 11245

Re: Ideal City to live in?

Completely agree with you about Temecula. In fact I had a former coworker who had one of those 90+ minute commutes. Drove 130 miles round trip everyday into San Diego and back. Total nightmare. But, hey, he saved like 200-300K on the purchase of his house, so worth it, right? (nah, nah, not worth i...
by JS-Elcano
Thu Oct 22, 2020 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Progessive Insurance
Replies: 9
Views: 812

Re: Progessive Insurance

I was a AAA customer for 20 years before switching to Progressive last year due to substantially lower premium. My car insurance is pay through to 11/15 but they have yet to send me a renewal. I have chatted with them online a couple of times because my agent told me that I can expect renewal 30 da...
by JS-Elcano
Thu Oct 22, 2020 8:49 am
Forum: Personal Investments
Topic: How do you estimate retirement expenses?
Replies: 67
Views: 4604

Re: How do you estimate retirement expenses?

Good morning, I'm still quite a ways off from retirement but starting to get more analytical about the underlying numbers. I'm curious how everyone here estimated their retirement expenses and how accurate were they? Is there a template that you've seen that was the closest to how it actually playe...
by JS-Elcano
Wed Oct 21, 2020 9:20 am
Forum: Personal Consumer Issues
Topic: Where do you buy coffee beans?
Replies: 153
Views: 12977

Re: Where do you buy coffee beans?

Over the years I dabbled with home roasting using different methods. Good freshly roasted beans from a local supplier here are $15-$20 for a 3/4 lb bag. Dove in and got a nice roaster and roast 2lbs of green beans ($5-$7lb) every two weeks. It's a hobby, not a passion of mine. A fun thing to do. I'...
by JS-Elcano
Tue Oct 20, 2020 10:08 pm
Forum: Personal Consumer Issues
Topic: Where do you buy coffee beans?
Replies: 153
Views: 12977

Re: Where do you buy coffee beans?

I buy my beans at Trader Joe's. Excellent taste and good price. I grind the beans fresh for pour over coffee.
by JS-Elcano
Tue Oct 20, 2020 2:49 pm
Forum: Personal Investments
Topic: How much do you allocate to international equity?
Replies: 73
Views: 4477

Re: How much do you allocate to international equity?

10% of my stocks are in international (VTSNX). I only started investing in international this year. I am planning to eventually reach 20% international. I will stop there.
by JS-Elcano
Tue Oct 20, 2020 2:06 pm
Forum: Investing - Theory, News & General
Topic: Is anyone waiting until after the election?
Replies: 309
Views: 20216

Re: Hedging the 2020 Election

I know I cannot time the market, but in this case I think volatility is a safe bet. I propose a drinking game where we have to take a shot when a poster says some variant of “I know I can’t time the market, but I’m a gonna.” I'm not asking to be trolled. I am a conservative, disciplined investor wi...
by JS-Elcano
Fri Oct 16, 2020 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Salary vs 401K Matching?
Replies: 9
Views: 1128

Re: Salary vs 401K Matching?

I'm in the process of job interviewing and each offer varies in terms of benefits. When comparing salaries vs. 401K matching (assume immediate vesting) in most cases I'd imagine it is better to get a larger 401K matching rather than the larger salary. Obviously you don't pay taxes on the matching, ...
by JS-Elcano
Fri Oct 16, 2020 5:56 pm
Forum: Personal Investments
Topic: Struggling Over whether to Sell my Tesla Stock
Replies: 74
Views: 6036

Re: Struggling Over whether to Sell my Tesla Stock

Folks, If you buy an individual stock, you need a plan as to when you want to sell. Or else, you are essentially burying the money. You set up this plan and write it down when you buy the stock. Or else, you may change your mind again. A) When to sell if you are right? For example, sell half when t...
by JS-Elcano
Fri Oct 16, 2020 5:44 pm
Forum: Personal Investments
Topic: Struggling Over whether to Sell my Tesla Stock
Replies: 74
Views: 6036

Re: Struggling Over whether to Sell my Tesla Stock

Folks, If you buy an individual stock, you need a plan as to when you want to sell. Or else, you are essentially burying the money. You set up this plan and write it down when you buy the stock. Or else, you may change your mind again. A) When to sell if you are right? For example, sell half when t...
by JS-Elcano
Fri Oct 16, 2020 8:48 am
Forum: Personal Investments
Topic: Struggling Over whether to Sell my Tesla Stock
Replies: 74
Views: 6036

Re: Struggling Over whether to Sell my Tesla Stock

Maybe calculate how much that investment would have grown had you invested it in the index stock fund of your choice in your Roth. Sell that much of your Tesla stock and transfer it into your index fund. Rinse and repeat every year. That way you never have to worry that you would have done better in...
by JS-Elcano
Tue Oct 13, 2020 2:45 pm
Forum: Investing - Theory, News & General
Topic: How do Bogleheads cope with not beating the market?
Replies: 142
Views: 10532

Re: How do Bogleheads cope with not beating the market?

GerryL wrote: Tue Oct 13, 2020 2:26 pm I focus on having ENOUGH rather than having MORE.
Do I have or am I on track to have ENOUGH to live the life I want? Yes. John Bogle wrote a little book titled "Enough."

Ironically, by focusing on enough, I ended up with more than enough.
+1

My approach too.
by JS-Elcano
Tue Oct 13, 2020 12:49 pm
Forum: Personal Investments
Topic: [Frustrated with TIAA, thinking about moving some money]
Replies: 25
Views: 1419

Re: [Frustrated with TIAA, thinking about moving some money]

I am also with TIAA but have made my peace with the clunky website. I do find that the number of buttons you have to click until you finally get to the point where you can change future allocations or exchange funds is too high. I have 5 different retirement plans with them and for every change in a...
by JS-Elcano
Tue Oct 13, 2020 12:14 pm
Forum: Investing - Theory, News & General
Topic: How do Bogleheads cope with not beating the market?
Replies: 142
Views: 10532

Re: How do Bogleheads cope with not beating the market?

My goal is to invest as much money as I can so that my retirement savings will "look like something" one day. Beating the market simply never entered into my thought process. I'm not trying to sound more enlightened than anyone else; I just don't factor superiority of returns relative to the market...
by JS-Elcano
Mon Oct 12, 2020 10:02 pm
Forum: Personal Investments
Topic: How do you avoid the fomo of the tech industry right now?
Replies: 36
Views: 2947

Re: How do you avoid the fomo of the tech industry right now?

I do two things: First, I know that my SP500 and TSM funds contain these stocks, often as their top holdings. Second, I play in both games 8-) I prioritize funding my retirement accounts based on my plans to reach FIRE --> all index funds and TIAA Trad. Once I have maxed my 403b, 457b and RothIRA, I...
by JS-Elcano
Sat Oct 10, 2020 11:22 pm
Forum: Personal Investments
Topic: retirement planning: calculating an accurate starting point
Replies: 15
Views: 1558

Re: retirement planning: calculating an accurate starting point

If a month here or there makes such a big difference to your number and how comfortable you feel about using it as your starting number, then maybe it's a sign that you are cutting it too close. I'd put in some buffer, so that even if your portfolio drops some (10%?) you are not losing sleep over it...
by JS-Elcano
Sat Oct 10, 2020 2:35 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1760
Views: 230428

Re: Post your Financial Milestone Announcements Here

I crossed the 750k mark today :D

That's NW, so incl. ~200k home equity.

I got a late start (better than never). 400k of this I added in just the past 5 years, 100k this year. So I think I am finally doing something right. :happy
by JS-Elcano
Fri Oct 09, 2020 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: What is your Target Savings?
Replies: 64
Views: 7913

Re: What is your Target Savings?

max out 403b/Roth403b --> $19.5k max out 457b --> $19.5k max out RothIRA --> $6k Overall, my savings rate is 49% is year. So, in addition to the above I save money after-tax like this: My employer makes it easy to split my paycheck between accounts by just logging into HR online, so I never see the ...
by JS-Elcano
Fri Oct 02, 2020 7:15 pm
Forum: Investing - Theory, News & General
Topic: CALPERS Needs 7% Return
Replies: 107
Views: 13772

Re: CALPERS Needs 7% Return

Generally speaking, other people are poor stewards of our money. That was why I opted out of my state's pension in lieu of a defined contribution plan. I also opted out, but regret it now. The money I must save now from my salary is crazy to get a roughly similar amount from my retirement accounts ...
by JS-Elcano
Tue Sep 29, 2020 11:39 am
Forum: Personal Investments
Topic: TIAA-Cref vs. Vanguard for 403b
Replies: 27
Views: 1512

Re: TIAA-Cref vs. Vanguard for 403b

I despise TIAA - the cheapest expense rate for the 500 Index in my spouse's 403b is 0.3%. That's costing us several thousand dollars of higher fees every year. :shock: I think this has nothing to do with TIAA, but with your employer who offers TIAA as a provider and negotiated the offerings. I also...
by JS-Elcano
Mon Sep 28, 2020 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Investing and Saving Considerations for Single Guy
Replies: 51
Views: 4034

Re: Investing and Saving Considerations for Single Guy

I can relate to having more hobbies (read: expensive) than most of my married colleagues. I expect the majority of my discretionary income to go towards my hobby and passion. I do a lot of traveling for work, so doing international travel will probably not be my thing. Regarding your LTD insurance,...
by JS-Elcano
Mon Sep 28, 2020 11:17 am
Forum: Personal Consumer Issues
Topic: Vacuum for mostly hardwood floors...
Replies: 48
Views: 2809

Re: Vacuum for mostly hardwood floors...

I have mostly hardwood and a couple of rugs in the living room dining area. I have a Miele. They are expensive, I got a mid-range one. Suction is outstanding no matter how full the bag is. Bags are disposable, so no need to deal with the crud. It also has a Hepa filter. It uses a simple switch to go...
by JS-Elcano
Sun Sep 27, 2020 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Planning - Mid 40s
Replies: 31
Views: 3402

Re: Retirement Planning - Mid 40s

Sorry to hear you will lose your job. :( Can you retire with 1.2 million in your early/mid 40s and two children just starting out with their schooling? Probably not since a reasonable withdrawal rate (3.5%?) would yield you 42k/year before paying taxes and you already spend 60k/year. On top of that,...
by JS-Elcano
Sun Sep 27, 2020 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: Investing and Saving Considerations for Single Guy
Replies: 51
Views: 4034

Re: Investing and Saving Considerations for Single Guy

Hi all, I often read threads on BH regarding financial planning for married couples with or without children, and not as many for single folks. I am a single guy (26) who will likely never marry or even engage in dating; it's just not my thing and I get very uncomfortable when thinking of doing so....
by JS-Elcano
Sun Sep 27, 2020 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Investing and Saving Considerations for Single Guy
Replies: 51
Views: 4034

Re: Investing and Saving Considerations for Single Guy

I am single too and have always been. :sharebeer I have always felt that I actually need to save more for retirement than a married couple or a family because I have no one to share expenses with (single life is more expensive than that of couples) and I won't be able to even hope for support from c...
by JS-Elcano
Mon Sep 21, 2020 10:12 pm
Forum: Personal Consumer Issues
Topic: Your recent experience of visiting a dentist
Replies: 63
Views: 4322

Re: Your recent experience of visiting a dentist

I went for a cleaning and check-up last week. Due to Covid, my originally scheduled appointment in March had beem rescheduled for May and then rescheduled again to last week. I went to the office and there was only one other patient in the waiting room. Most chairs were taped off. I had temperature ...
by JS-Elcano
Sun Sep 20, 2020 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement re-planning for 50+
Replies: 30
Views: 3436

Re: Retirement re-planning for 50+

Keep saving. At 50+ you can save even more with catch-up contributions. Also, start thinking about how you will phase into retirement. For example, will retire before age 65 and secure health insurance on your own. If so, look into rules for taxable income and qualifying for ACA subsidies. It may be...
by JS-Elcano
Sun Sep 20, 2020 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: Challenging bloodwork bill
Replies: 8
Views: 1027

Re: Challenging bloodwork bill

Hard to imagine how this could work. A doctor might order a comprehensive metabolic panel, complete blood count, lipid panel, as well as anything on top of that such as thyroid hormones and Vitamin D. How can the unon flyer say it's "all" free without knowing what has been ordered. Seems to me you n...
by JS-Elcano
Sun Sep 20, 2020 10:36 am
Forum: Personal Investments
Topic: How long does it take for your 403b/401k contribution to show up after payday?
Replies: 29
Views: 1309

Re: How long does it take for your 403b/401k contribution to show up after payday?

I started a new job that offers a 403b. This is the first time I've had an employer sponsored account (is this the right language for that?). I get paid every two weeks on Friday, and I’ve only had two paychecks so far, but I am a bit surprised at how long it takes for my payroll deduction to show ...
by JS-Elcano
Sat Sep 19, 2020 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: How to get over finance envy
Replies: 377
Views: 51463

Re: How to get over finance envy

deleted
by JS-Elcano
Fri Sep 18, 2020 10:22 pm
Forum: Personal Investments
Topic: Guidance for breaking the news to our financial advisor
Replies: 60
Views: 5215

Re: Guidance for breaking the news to our financial advisor

My spouse and I are newly retired with no debt and no children. Over the past several months we have come to the decision to move our portfolio to Vanguard to reduce fees (we're paying 0.9%) and simplify our investments. Our annual review with our advisor is set for the first week of October. We do...
by JS-Elcano
Fri Sep 18, 2020 9:28 pm
Forum: Personal Consumer Issues
Topic: Pretending to enjoy sports for business/social reasons
Replies: 83
Views: 4853

Re: Pretending to enjoy sports for business/social reasons

000 wrote: Fri Sep 18, 2020 8:50 pm Only sport I watch is the markets.

I've never found it necessary to pretend otherwise.
I seem to be in a profession where no one pretends to care about things they don't. Makes work life very pleasant.
by JS-Elcano
Fri Sep 18, 2020 9:24 pm
Forum: Personal Consumer Issues
Topic: Pretending to enjoy sports for business/social reasons
Replies: 83
Views: 4853

Re: Pretending to enjoy sports for business/social reasons

I was surprised by a recent conversation with a lawyer friend of mine in which he admitted he essentially "studies up" on the local professional sports teams periodically, so that he can hold his own in conversations by the water cooler and during after-work drinks. Personally I don't follow any pr...
by JS-Elcano
Thu Sep 17, 2020 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Condo rich vs house poor?
Replies: 56
Views: 5087

Re: Condo rich vs house poor?

stocknoob4111 wrote: Thu Sep 17, 2020 11:09 am slightly off topic but what exactly is it that you guys do to make $500k in income? LOL, I must be in the wrong field (Software Engineering) as a lot on this board list incomes in that range... :happy
We who make less just don't post our incomes as often :D
by JS-Elcano
Thu Sep 17, 2020 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Condo rich vs house poor?
Replies: 56
Views: 5087

Re: Condo rich vs house poor?

Not very many LCOL areas offer many $250K jobs. Sounds like they possibly work in finance in NYC. A lot of those high-paying jobs can now be done WFH. Buying in VHCOL is a crazy exercise in faith & hope - you just gotta go for it at some point, despite how terrible the math looks (or move away.) Th...
by JS-Elcano
Wed Sep 16, 2020 5:33 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 9388
Views: 750790

Re: U.S. stocks continue to soar!

It may also have had something to do with the announcement that rates won't go up until after 2023 which implies that this will be a slower recovery than some thought.
by JS-Elcano
Tue Sep 15, 2020 9:22 pm
Forum: Personal Consumer Issues
Topic: Too Many Monthly Digital Subscriptions - Time for Apple One?
Replies: 25
Views: 2596

Re: Too Many Monthly Digital Subscriptions - Time for Apple One?

How does Apple TV+ work? I don't have a TV, would this still work on a laptop or a monitor? :confused
by JS-Elcano
Tue Sep 15, 2020 7:22 pm
Forum: Personal Consumer Issues
Topic: Too Many Monthly Digital Subscriptions - Time for Apple One?
Replies: 25
Views: 2596

Re: Too Many Monthly Digital Subscriptions - Time for Apple One?

That's interesting. I had not heard about this package before. Here's what I use ($55 per month, which includes price for Amazon Prime membership): Sling TV ---> $30 + $5 for News Extra (price has been stable over the last 2 years) Apple 2 TB storage ---> $9.99 (I have Macbooks, iPad, iPhone, so it'...
by JS-Elcano
Tue Sep 15, 2020 11:25 am
Forum: Personal Consumer Issues
Topic: Solar - after 1 year the results are in.
Replies: 64
Views: 6888

Re: Solar - after 1 year the results are in.

squirm wrote: Tue Sep 15, 2020 10:15 am Much of it depends on the solar credits from the utility. I'm surprised you didn't see a a drop to zero with a system of that size.
Don't you have to pay simply be hooked up to the public utility? Like a base charge? That could easily be most of that remaining $59.
by JS-Elcano
Sun Sep 13, 2020 2:34 pm
Forum: Personal Consumer Issues
Topic: Limited Purpose FSA: What to Buy with Excess Funds?
Replies: 17
Views: 967

Re: Limited Purpose FSA: What to Buy with Excess Funds?

I don't know if you need those, but I buy a pair of "sporty" prescription sunglasses for outdoor activities in addition to a more stylish "nice" pair for going out to dinner, a cultural event, shopping, etc. So, in years when I don't have large dental expenses I update my sunglasses in addition to m...
by JS-Elcano
Sun Sep 13, 2020 9:29 am
Forum: Personal Investments
Topic: Backdoor Roth IRA Conversion: Yearly Execution Strategy in Practice
Replies: 18
Views: 761

Re: Backdoor Roth IRA Conversion: Yearly Execution Strategy in Practice

. . . Idea #4 Keep funds in high yield savings account. Once a year, transfer $12K to Taxable Account (Money Market). Once it’s in there, immediately execute the backdoor. [*]Risk: Having funds out of the market for the year. Idea #5 ? Thanks for your help in making DIY investing a reality! What I ...
by JS-Elcano
Fri Sep 11, 2020 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Paying off sub 4% mortgage interest rate early
Replies: 167
Views: 14679

Re: Paying off sub 4% mortgage interest rate early

I am. Started a 30-yr mortgage in 2008, refinanced to 15-yr 3.5% in 2011, making some extra payments to accelerate. So, all in all mortgage will be paid off in 2024 instead of 2038 :D. I don't even care very much whether it's the right thing to do from a financial standpoint, but emotionally it's th...
by JS-Elcano
Wed Sep 09, 2020 10:34 pm
Forum: Personal Consumer Issues
Topic: Apple’s iCloud Keychain?
Replies: 19
Views: 2043

Re: Apple’s iCloud Keychain?

I have been using it for a couple of years at least. I love that all the devices are connected and the passwords that I might have set up on one device when I signed up for something pop up on all devices. Especially like it now that I use a MacBook that uses TouchID. The only problem that I have fo...
by JS-Elcano
Mon Sep 07, 2020 7:34 pm
Forum: Personal Investments
Topic: Newer investor, lost access to 457b, now what?
Replies: 5
Views: 409

Re: Newer investor, lost access to 457b, now what?

Can you make after-tax contributions to the 403b and make in-service conversions to a Roth? That would not help with your tax savings now, but at least later (as opposed to a taxable account where you may incur LTCG, etc). Not all plans allow this (mine doesn't :annoyed), but you could ask your empl...
by JS-Elcano
Mon Sep 07, 2020 10:27 am
Forum: Personal Investments
Topic: ROTH vs. Traditional - How Did You Choose?
Replies: 34
Views: 2137

Re: ROTH vs. Traditional - How Did You Choose?

I decided to contribute to a Roth (backdoor RothIRA + Roth 403b) because I want to live off this money to cover the 6 years between early retirement and qualifying for medicare.
by JS-Elcano
Sun Sep 06, 2020 9:50 pm
Forum: Personal Investments
Topic: Please check this plan - 68 yo retiree with TIAA 403B
Replies: 25
Views: 1892

Re: Please check this plan - 68 yo retiree with TIAA 403B

My mother-in-law is 68.5 and wants to retire. Social Security She can collect $37,500 at age 70, or about $33,500 now. Investments She has $830,000 in a 403B with TIAA: * 48% of that is in a TIAA Traditional annuity which will pay $28,000/yr with a 20 year guarantee. * 43% is in equities, with the ...
by JS-Elcano
Sun Sep 06, 2020 1:57 pm
Forum: Non-US Investing
Topic: How will you describe your investing journey so far?
Replies: 51
Views: 4267

Re: How will you describe your investing journey so far?

I didn't start investing for retirement or otherwise until I was 30. This is when I got my first job; it paid 29.5k per year (after graduate school :shock: ). I didn't invest much, which was a mistake, but what I did invest went into lower cost index funds through TIAA, so at least that was good. I ...
by JS-Elcano
Sat Sep 05, 2020 9:01 pm
Forum: Investing - Theory, News & General
Topic: For those with $500k-$1m in investments...
Replies: 211
Views: 33620

Re: For those with $500k-$1m in investments...

late 40s - got a late start and just crossed the 500k mark at the end of July:

78% tax-advantaged (403b)
15% taxfree (Roth)
7% taxable

shooting for an early-ish retirement where I can live off my Roth IRAs for 5 years until Medicare :beer