Search found 2900 matches

by kenyan
Mon Apr 23, 2018 6:59 pm
Forum: Investing - Help with Personal Investments
Topic: Old job 403b New job 401a
Replies: 7
Views: 290

Re: Old job 403b New job 401a

My current job has a 401a and 403b, but no 457b. You'll want to check into that before assuming anything. However, yes, the 457b would be another tax-advantaged plan. One other thing - you'll want to adopt "Roth" rather than "post-tax" as the proper nomenclature for clarity. There are other types of...
by kenyan
Mon Apr 23, 2018 3:22 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 715
Views: 57611

Re: To take or not to take delivery of Tesla 3

While I completely agree with what you posted, we should be fair and mention that Tesla never advertised "Tesla, free supercharging, fast, 200+ miles, autopilot, panoramic glass roof, etc for $27.5k after tax credit." Many, many, many people walked away with that thought, but it was based on many o...
by kenyan
Mon Apr 23, 2018 9:49 am
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 715
Views: 57611

Re: To take or not to take delivery of Tesla 3

These are cars that compete for the $$$ of luxury car buyers. I think there is going to be a lot of noise if people start to stretch their budgets to buy these vehicles. These folks are better off buying Bolts or hybrids. One place Elon was wrong is, IMO, a $35K car is not a mass market car. This i...
by kenyan
Sat Apr 21, 2018 2:36 pm
Forum: Personal Consumer Issues
Topic: Relationship between Housing prices and wages
Replies: 3
Views: 555

Re: Relationship between Housing prices and wages

The statistics seem to say that wages are increasing. http://money.cnn.com/2018/02/02/news/economy/jobs-report-wage-increases-raises/index.html However, it definitely seems to be industry-dependent. My company in the space industry just agreed to a two-year 'merit increase' of 1.8%/year. When the su...
by kenyan
Sat Apr 21, 2018 10:50 am
Forum: Investing - Help with Personal Investments
Topic: Want to be 100% in stock index funds ,
Replies: 31
Views: 2758

Re: Want to be 100% in stock index funds ,

If you'll be fine for 5 years without withdrawals, how are you doing that? Taking money out of your house? Pension? If the answer is: savings accounts or other investments that aren't in your "retirement accounts," guess what - You're not 100% stocks. Money is fungible. I recommend figuring out what...
by kenyan
Fri Apr 20, 2018 3:55 pm
Forum: Investing - Help with Personal Investments
Topic: How do you compare VNQ vs SP500?
Replies: 18
Views: 904

Re: How do you compare VNQ vs SP500?

As an example, compare the time period 1/1/2000 - 4/19/2016. VFIAX was up 95.1%. VGSIX (REIT Index) grew 537%. What does that tell you? Are REITs now 5x as good as the S&P 500?
by kenyan
Fri Apr 20, 2018 3:49 pm
Forum: Investing - Help with Personal Investments
Topic: How do you compare VNQ vs SP500?
Replies: 18
Views: 904

Re: How do you compare VNQ vs SP500?

I understand your point but personally I do not want to diversify. So I was looking for secondary or better investment than VINIX and after gazing thru returns VNQ is not better than VINIX if we are only looking at total returns. Also one more thing I want to mention. Those graphs from morningstar ...
by kenyan
Fri Apr 20, 2018 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone invest in I Bonds and why?
Replies: 40
Views: 4808

Re: Anyone invest in I Bonds and why?

wondering if anyone buys I bonds and where they see them as a part of their portfolio and why they do so instead of bonds or a money market? I buy them. They are part of my fixed income allocation. Why buy them instead of a money market? They're superior in basically every way, aside from liquidity...
by kenyan
Fri Apr 20, 2018 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: How do you compare VNQ vs SP500?
Replies: 18
Views: 904

Re: How do you compare VNQ vs SP500?

No, it doesn't appear that your chart is with reinvested dividends. You want a "growth of" chart not, a price chart. Why would you think that VNQ and the S&P 500 would/should be aligned? They have fairly low correlation. Here's what I would do: 1. Go to morningstar.com 2. Search for the fund "VFIAX"...
by kenyan
Thu Apr 19, 2018 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Effects of 20% Down payment over time, thoughts?
Replies: 19
Views: 2233

Re: Effects of 20% Down payment over time, thoughts?

You don't just lose the money you've put into the down payment; you have equity. There's no guarantee of that, as many people discovered in 2008-2009 and the following years. Some housing markets have still not recovered completely. If you hand the keys back to the bank or have to sell at a signifi...
by kenyan
Thu Apr 19, 2018 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Effects of 20% Down payment over time, thoughts?
Replies: 19
Views: 2233

Re: Effects of 20% Down payment over time, thoughts?

It's not just about how much you've paid over time. You don't just lose the money you've put into the down payment; you have equity. The vast majority of people don't buy a 30-year mortgage and make their normal payment for the duration - people move, people refinance, people accelerate mortgage pay...
by kenyan
Thu Apr 19, 2018 10:52 am
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 715
Views: 57611

Re: To take or not to take delivery of Tesla 3

Day 2 online reservation; I cancelled it a couple of months ago. It came down to money - this is a very expensive car, $50k base price right now, and that doesn't get you autopilot, color choice, wheels, etc, and that's all before any sales taxes and transaction fees. Sure, the tax credit knocks tha...
by kenyan
Wed Apr 18, 2018 7:23 pm
Forum: Personal Consumer Issues
Topic: Total Cost of Car Ownership over 10 years
Replies: 40
Views: 3181

Re: Total Cost of Car Ownership over 10 years

As noted above, registration - in my state that's probably $2k-3k over 10 years. Taxes and other fees upon purchase, unless you've already accounted for them, might also be another $1-$2k.
by kenyan
Wed Apr 18, 2018 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth IRA Question
Replies: 6
Views: 351

Re: Backdoor Roth IRA Question

Doesn't make much sense in your situation. If you're married, perhaps your spouse could do it (if he/she does not have any pretax IRAs). Freeing up your IRA via rolling it into the 401k may or may not be an option; it would depend upon your particular plan. Also, even if it is an option, you'd have ...
by kenyan
Wed Apr 18, 2018 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire at age 40?
Replies: 151
Views: 14078

Re: Can I retire at age 40?

Didn't read all of the replies, but the first page didn't mention this - if you have $120k of expenses, that isn't a $120k / $2.5M = 4.8% withdrawal rate. It's a ($120k + taxes) / $2.5M ~ 5.5-6% withdrawal rate. Much too high to sustain over a long retirement. Cut down on your expenses or increase y...
by kenyan
Wed Apr 18, 2018 10:56 am
Forum: Investing - Theory, News & General
Topic: Your Money Or Your Life
Replies: 49
Views: 6547

Re: Your Money Or Your Life

I've been undergoing a psychological transition from 'frugal Boglehead who'd like to retire early, likely late 50s' to more of a true FIRE pursuer. In my mind, at least to those of us who live above the poverty line, money is freedom. You can choose to spend that freedom largely in three different w...
by kenyan
Wed Apr 18, 2018 10:16 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1821
Views: 325375

Re: What are you up YTD? [Year To Date]

XIRR has me UP 0.09%. Break out the caviar!

With Beardstown math I'm up 4.2% (not annualized).
by kenyan
Wed Apr 18, 2018 9:19 am
Forum: Personal Consumer Issues
Topic: How Far is too Far, Commuting?
Replies: 211
Views: 11478

Re: How Far is too Far, Commuting?

I live in Los Angeles county. I've lived in various places that have had my commute between 20-40 minutes on the way home; going in is a bit better as I arrive at work very early. Anything longer than 30 minutes in traffic and I'm grinding my teeth. There are certainly people whom I work with who do...
by kenyan
Wed Apr 18, 2018 9:06 am
Forum: Personal Consumer Issues
Topic: Child expenses - what to expect as your kids go from daycare to school
Replies: 20
Views: 2853

Re: Child expenses - what to expect as your kids go from daycare to school

Our expenses decreased about 50%. Before and after school daycare is still expensive for our public school. Additionally, sports and other activities are eating into our "savings" This is similar to our experience, though it's more like a 40% reduction for us. The public school schedules around us ...
by kenyan
Wed Apr 18, 2018 8:58 am
Forum: Personal Consumer Issues
Topic: Owning 3 vehicles
Replies: 27
Views: 2055

Re: Owning 3 vehicles

Why not sell the Prius and buy a more appropriately sized car? The money saved on insurance/maintenance/registration for a 3rd car would more than pay for any loss in gas mileage.
by kenyan
Wed Apr 18, 2018 8:53 am
Forum: Personal Consumer Issues
Topic: Is Los Angeles a good place long term to live financially?
Replies: 167
Views: 10850

Re: Is Los Angeles a good place long term to live financially?

I’m thinking of moving to LA and spending the rest of my life there, but I’m concerned about the cost. Is LA expensive? And would pursuing my goals be worth the cost of living there and are the costs worth the quality of life I would have there? Some of my goals are: 1. Get an MBA at a good busines...
by kenyan
Wed Mar 21, 2018 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Home equity as part of retirement plan
Replies: 59
Views: 3592

Re: Home equity as part of retirement plan

My current plan is either (1) or (5), depending upon your definitions. "Downsizing" will be done on a price basis - we're going to move to a cheaper COLA, but likely have a larger house on a larger plot of land. We're aiming to retire fairly early - mid 40s - with the kids still at home and in schoo...
by kenyan
Thu Mar 08, 2018 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: What was your % pay raise?
Replies: 179
Views: 18943

Re: What was your % pay raise?

Zero so far. Was supposed to our annual increase in February, but the bargaining unit is holding things up over other issues. The last numbers I saw proposed were on the order of 1.4% across the corporation, though the union was trying to eliminate it altogether in exchange for other concessions. DW...
by kenyan
Wed Feb 28, 2018 8:33 pm
Forum: Personal Consumer Issues
Topic: Move to Orange County
Replies: 50
Views: 4057

Re: Move to Orange County

Thank you to everyone who has posted in the thread. The posts have been very helpful to me. Some background - I've never been to California and we don't know anyone personally who lives in OC or So Cal. Therefore, I have no clue what expensive means - when most people are telling us not to make the...
by kenyan
Sat Feb 10, 2018 1:27 pm
Forum: Investing - Help with Personal Investments
Topic: Anybody hit their rebalance bands?
Replies: 20
Views: 1256

Re: Anybody hit their rebalance bands?

Nope. A little sad that I moved $20k of new money in just before the fall, but it happens. Just will look to TLH it later (can't now due to other purchases).
by kenyan
Sat Feb 10, 2018 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Live / work in California - Technology Career
Replies: 99
Views: 6443

Re: Live / work in California - Technology Career

I grew up in Michigan, but have lived in California for close to 18 years now (both the Bay Area and LA area). Significantly more expensive here: 1. Housing - far and away the biggest difference. Even looking at median prices doesn't really capture the difference between here and Michigan. A nice, m...
by kenyan
Wed Feb 07, 2018 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Am I saving too much for retirement?
Replies: 105
Views: 13021

Re: Am I saving too much for retirment?

What are your goals? Retire at 65? You're well on track, but that's a long way from now, and your savings now are more important/influential than ever. 30% savings at 28 is fantastic. Saving up a down payment for a house? If so, I could see an argument for diverting some of your savings, but that wo...
by kenyan
Mon Feb 05, 2018 10:10 pm
Forum: Investing - Help with Personal Investments
Topic: wash sales and selling after purchase within 30 days
Replies: 6
Views: 564

Re: wash sales and selling after purchase within 30 days

I am relatively new to investing and to Bogleheads (am learning after recent inheritance). I am still uncertain about the rules concerning selling for a loss *after* purchasing shares in the same fund within 30 days. I've read http://fairmark.com/capgain/wash/wsreplac.htm and this informative threa...
by kenyan
Mon Feb 05, 2018 10:06 pm
Forum: Investing - Help with Personal Investments
Topic: Planning to semi-retire in 2-3 years
Replies: 6
Views: 1099

Re: Planning to semi-retire in 2-3 years

I would not count on safely drawing $45k per year inflation adjusted from a $1m portfolio indefinitely. Yes, a 4.5% withdrawal rate (edit - I see that you'll likely have more, so you might be ok depending upon the next couple of years) sometimes works (worked in the past), but it also sometimes fail...
by kenyan
Sun Feb 04, 2018 2:16 pm
Forum: Investing - Theory, News & General
Topic: Blood in the water- buying?
Replies: 117
Views: 16314

Re: Blood in the water- buying?

I bought a bunch this past week. It had nothing to do with the market's performance, and everything to do with re-jiggering my thinking into considering my entire portfolio as one AA, rather than separating out a super-safe EF. I had to buy equities. Unfortunately for me, I bought midway through the...
by kenyan
Sat Feb 03, 2018 6:19 pm
Forum: Personal Consumer Issues
Topic: For BHs who actually like cars - [what car do you drive every day?]
Replies: 280
Views: 17654

Re: For BHs who actually like cars - what is your daily driver?

I like other cars. My daily driver is a 2007 Hyundai Elantra. I don't like it at all, but it gets the job done.

Still on the waiting list for a Tesla Model 3, but unsure if I'm going to pull the trigger. The pull of early retirement is getting hard to resist.
by kenyan
Tue Jan 30, 2018 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone use Personal Capital, Mint, Tiller, or You Need a Budget?
Replies: 38
Views: 3412

Re: Does anyone use Personal Capital, Mint, Tiller, or You Need a Budget?

I use YNAB Classic as well. Got it for $15 during a Steam Sale years ago. It's been great for empowering my understanding of our expenses and outflows, and helped me identify and cut the fat. No interest in paying the monthly fee for current version. If they kill off the fee-free version, I'll figur...
by kenyan
Sat Jan 27, 2018 11:36 am
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 258
Views: 24421

Re: Can I be a member of the two comma club?

alas, some of us only consider “millionaires “ when we’ve got that in “investable assets “ of which home equity is not included (many, many threads on that) but congrats on the milestone OP is a millionaire. Home equity counts toward net worth. I worked very hard to get a proper 20% down payment wh...
by kenyan
Sun Jan 21, 2018 1:39 pm
Forum: Investing - Help with Personal Investments
Topic: A 4-5% rebalance to bonds barely budges risk/return
Replies: 43
Views: 3628

Re: A 4-5% rebalance to bonds barely budges risk/return

I'm not sure why you say that 30% vs 40% of a portfolio loss would be just as painful. If I had a million dollars (cue the music), and then during a crash it fell to $600k, I'm sure I'd much rather have $700k. For the OP, the question is whether you were wrong when you made your plan to be at 70/30....
by kenyan
Sat Jan 13, 2018 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate Pre-approval
Replies: 6
Views: 301

Re: Real Estate Pre-approval

Are you actually going to purchase the house in cash? No financing contingencies in the contract, short escrow? If not, then I don't think showing them your bank statement does anything for a seller. If you're willing to waive the financing/appraisal contingencies, that's another matter.
by kenyan
Sat Jan 13, 2018 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting Vs Savings Rate
Replies: 65
Views: 4709

Re: Budgeting Vs Savings Rate

We lived for a long time without a budget, while saving 40-50%. I only started budgeting when we were getting serious about purchasing a house, with all of the new expenses that come with it. My feeling now is that we use it as a tool to highlight where we are being wasteful/can trim down expenses, ...
by kenyan
Wed Jan 10, 2018 4:28 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 214
Views: 26589

Re: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’

Does bitcoin do anything that other cryptocurrencies don't do? From what I've read, which is limited, it has very high transaction fees and inconvenient transaction times (possibly hours). Won't something else in the future improve on these and other aspects? Don't some of the other cryptos already ...
by kenyan
Tue Jan 02, 2018 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: Max It Out Tomorrow [your IRA]
Replies: 165
Views: 18642

Re: Max It Out Tomorrow [your IRA]

Contributed $5500 today. Wife no longer eligible for tax-advantaged IRAs (above Roth limit and can't Backdoor due to SIMPLE IRA), but I can backdoor Roth. It'll be in money market initially, and I might try a limit order. This is the first year I contributed the full amount immediately; last year wa...
by kenyan
Tue Jan 02, 2018 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: SALT Tax Deduction Max of $10K is NOT indexed to Inflation
Replies: 29
Views: 4497

Re: SALT Tax Deduction Max of $10K is NOT indexed to Inflation

In political finance, indexing to inflation is another 'cost.' Avoiding that indexing is a cost savings measure. The same rationale applies for shifting tax bracket and other inflation indexing to chained CPI; it's not about what's fairer or more accurate (as there are plenty of other things still i...
by kenyan
Mon Jan 01, 2018 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: What is your threshold for paying down debt?
Replies: 89
Views: 6247

Re: What is your threshold for paying down debt?

Let's see: We had a car loan at 0.9%. No prepayment on that. We have student loans at 1.625%. No prepayment on those. We had an ARM at 2.625%, fully deductible (would no longer be in 2018), and prepaid aggressively. Reset rate would be at least 3.75%, potentially higher in the future. It's been refi...
by kenyan
Sat Dec 30, 2017 1:14 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA - uh oh
Replies: 19
Views: 2782

Re: Backdoor Roth IRA - uh oh

You're likely over the limit. You don't subtract taxes, or nearly anything else aside from certain payroll deductions (401k, medical premiums, FSA/Dependent care FSA/LPFSA/HSA), and you've got a lot of headroom from $257k down to the MAGI limit. Just take a look at a 1040 form, line 37 to calculate ...
by kenyan
Thu Dec 28, 2017 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank 11 month [No-Penalty CD]
Replies: 382
Views: 32995

Re: Ally Bank 11 month [No-Penalty CD]

I don't understand this thing about a credit check to open a checking account. I have opened a number of checking accounts at Ally without a credit check. Perhaps you're talking about a freeze on ChexSystems? I have no idea if that's an issue, because I didn't freeze ChexSystems. I may not have ope...
by kenyan
Wed Dec 27, 2017 11:22 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 715
Views: 57611

Re: To take or not to take delivery of Tesla 3

Struggling with this decision myself (at least, in theory, since it will still be some time before I get the option). I've been starting to think more strongly about early retirement - possibly in my 40s - and actually following through on the Model 3 certainly wouldn't be conducive to that goal. I ...
by kenyan
Thu Dec 21, 2017 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 54178

Re: Tax Bill Omnibus Thread

People should be re-examining whether or not to prepay their mortgage, at least if they are potentially in a position to do so. Switching from itemization of deductions to standard deduction completely nullifies any benefit of mortgage interest deductibility. In addition, the increase in the standar...
by kenyan
Mon Dec 18, 2017 11:14 am
Forum: Investing - Help with Personal Investments
Topic: I bonds: Should I put money on I bonds rather than keep them in a savings account
Replies: 26
Views: 3762

Re: I bonds: Should I put money on I bonds rather than keep them in a savings account

I bonds also have deferred taxes, which is another benefit. On the savings account, you're paying taxes every year on your earnings; I bonds only result in a taxable event (on the gains, federal only) when you withdraw.
by kenyan
Sat Dec 02, 2017 5:49 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA - uh oh
Replies: 19
Views: 2782

Re: Backdoor Roth IRA - uh oh

You can subtract your 401k contributions, Flex Spending Account, Dependent Day Care, Health Savings Account, Workplace medical premiums. I'm sure I'm forgetting a couple, but not much else of your gross income comes out of your MAGI. If I understand correctly, much of this is taken out by the emplo...
by kenyan
Fri Dec 01, 2017 8:24 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA - uh oh
Replies: 19
Views: 2782

Re: Backdoor Roth IRA - uh oh

You can subtract your 401k contributions, Flex Spending Account, Dependent Day Care, Health Savings Account, Workplace medical premiums. I'm sure I'm forgetting a couple, but not much else of your gross income comes out of your MAGI. You're going to have to recharacterize your contributions as Tradi...
by kenyan
Mon Nov 27, 2017 11:11 pm
Forum: Investing - Help with Personal Investments
Topic: What 529 plan is recommended for California residents?
Replies: 15
Views: 3245

Re: What 529 plan is recommended for California residents?

We use both CA scholarshare (some of the very low fee options) and the NY saves plan. Both are excellent, in addition to Utah, Nevada...possibly some others now; I haven't been on top of changes in the past year or so.
by kenyan
Mon Oct 09, 2017 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Would you buy a new family home [Australia]
Replies: 19
Views: 2225

Re: Would you buy a new family home

Ignore the part about 15% increases per annum. Those are wild assumptions and should not be used in your calculus. As others have said, it might be a bubble, especially if the underlying fundamentals (price/rent, price/income) don't support such increases. I will admit that even if it is a bubble, t...