Search found 5 matches

by Downtown1
Thu Sep 17, 2020 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance: Plymouth Rock vs PURE ?
Replies: 53
Views: 2918

Re: Umbrella Insurance: Plymouth Rock vs PURE ?

In our area (in coastal Los Angeles County) I was told Chubb is not writing new business for homes with less than $3 million replacement value.
by Downtown1
Mon Sep 14, 2020 12:20 am
Forum: Personal Investments
Topic: How much are your 529 Contributions
Replies: 133
Views: 7582

Re: How much are your 529 Contributions

I had been meaning to ask a similar question, so instead of creating a new thread, piggybacking on this one. I am also thinking of whether to contribute to 529 and if so, how much. This is my current situation: Taxes: TX resident so no state benefit for 529 contributions. Filing status: MFJ Margina...
by Downtown1
Sun Sep 13, 2020 11:53 pm
Forum: Personal Investments
Topic: Maximum amount to put into retirement account per year
Replies: 10
Views: 1060

Re: Maximum amount to put into retirement account per year

I work for a large company. Age = 40. I make around 170,000. I have a mortgage and have savings of ~250,000 in banks. I want to save the maximum amount possible in retirement accounts. So I put 6000 in IRA (backdoor Roth), "combined employer and employee contribution" to 57,000 and max HSA. Is ther...
by Downtown1
Sun Sep 13, 2020 11:29 pm
Forum: Personal Finance (Not Investing)
Topic: What is the best company for auto/property/renters/umbrella insurance?
Replies: 36
Views: 3184

Re: What is the best company for auto/property/renters/umbrella insurance?

There certainly is a tier where you get much better service and claims are more generously paid out - Chubb, Pure, Nationwide Private Client (As distinct from mass-Market Nationwide). However, expect to pay significantly more for the service, if your account is big enough for them to do business. F...
by Downtown1
Sat Sep 12, 2020 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off sub 4% mortgage interest rate early
Replies: 167
Views: 14685

Re: Paying off sub 4% mortgage interest rate early

*Many people start getting laid off at 50. A big part of our financial plan is to be financially independent (33xretirement expenses) and completely debt free well before that date. Some consider this an emotional decision, but it’s math to me. I never take our high incomes for granted or assume we...