Search found 841 matches

by BuckyBadger
Sat Sep 15, 2018 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else not save for cars?
Replies: 113
Views: 10352

Re: Anyone else not save for cars?

I'm surprised it took 50 posts to get to this. This is what we do - was even better back when HELOC interest was tax deductible... Look at the loans offered and at the HELOC rate and go with whatever is better. Pay off by funneling our "other" savings toward the loan until it's paid off. That way w...
by BuckyBadger
Tue Sep 11, 2018 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else not save for cars?
Replies: 113
Views: 10352

Re: Anyone else not save for cars?

It's true that the zero or near-zero percent loans are appealing. However, there is another side to the story. Walking into a buying situation in which you say "I have cash in hand and will buy today" facilitates getting an excellent deal in which you dictate the terms. Although this may sometimes ...
by BuckyBadger
Tue Sep 11, 2018 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else not save for cars?
Replies: 113
Views: 10352

Re: Anyone else not save for cars?

I usually finance my cars with our Home Equity Line. Prime minus 1/2% and I pay it off over 4-5 years. I prefer that to building up a bunch of cash over time to make a cash purchase several years down the road. I'm surprised it took 50 posts to get to this. This is what we do - was even better back...
by BuckyBadger
Tue Sep 11, 2018 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else not save for cars?
Replies: 113
Views: 10352

Re: Anyone else not save for cars?

I usually finance my cars with our Home Equity Line. Prime minus 1/2% and I pay it off over 4-5 years. I prefer that to building up a bunch of cash over time to make a cash purchase several years down the road. I'm surprised it took 50 posts to get to this. This is what we do - was even better back...
by BuckyBadger
Fri Sep 07, 2018 12:38 pm
Forum: Investing - Help with Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 10254

Re: Max you should invest in a 529?

WhiteMaxima wrote:
Fri Sep 07, 2018 11:40 am
I mean why waste money in K12 private school? Buy or even rent a home at good school district.
That's not really the point of this thread, though, is it.
by BuckyBadger
Fri Sep 07, 2018 11:27 am
Forum: Investing - Help with Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 10254

Re: Max you should invest in a 529?

Why use to 12k education? It's been paid by your property tax and how many years you can compound? 529 was designed for college and you have not too long time to compound (one or two bulls). Private schools aren't paid for by property tax. And money could have been compounding up to 18 years or mor...
by BuckyBadger
Fri Sep 07, 2018 8:51 am
Forum: Investing - Help with Personal Investments
Topic: What sort of account could my MIL have just set up for my husband?
Replies: 5
Views: 619

Re: What sort of account could my MIL have just set up for my husband?

My MIL always put one of her children on each of her checking accounts without telling them. She also liked to open CDs at various banks around her town. No one knew where she had all her accounts. She would also go to different hospitals to keep her children from knowing she had medical problems. ...
by BuckyBadger
Fri Sep 07, 2018 8:42 am
Forum: Investing - Help with Personal Investments
Topic: What sort of account could my MIL have just set up for my husband?
Replies: 5
Views: 619

Re: What sort of account could my MIL have just set up for my husband?

jebmke wrote:
Fri Sep 07, 2018 8:41 am
If she has IRAs should could be completing the beneficiary information; or TOD transfer instructions for bank accounts.
That actually makes sense, and would probably be the way she would phrase it.

Thanks!
by BuckyBadger
Fri Sep 07, 2018 8:38 am
Forum: Investing - Help with Personal Investments
Topic: What sort of account could my MIL have just set up for my husband?
Replies: 5
Views: 619

What sort of account could my MIL have just set up for my husband?

A few days ago my husband got a text from his mother asking for some of his information because she was setting up some sort of accounts for him, his sister, and his half brother. The only things I could think of that she could be doing would be setting up trusts or something? But she's not wealthy ...
by BuckyBadger
Fri Sep 07, 2018 8:09 am
Forum: Investing - Help with Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 10254

Re: Max you should invest in a 529?

Besides the discussion regarding if one should or should not be using a 529 -- anyone else care to comment on how much they are investing yearly? Anyone contributing more than $10k / child per year? What is your goal amount at the time of high school graduation (in today's dollars)? Thus far we hav...
by BuckyBadger
Thu Sep 06, 2018 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: To Be or Not to Be...Married
Replies: 135
Views: 4989

Re: To Be or Not to Be...Married

Didn't we JUST have this discussion in a thread about getting a divorce over something like $1500 a year in tax savings? OP - search for that thread. There are social and monetary benefits to being married, especially if you have kids. No reason we have to rehash the whole thing again. Seriously, it...
by BuckyBadger
Mon Sep 03, 2018 7:14 pm
Forum: Personal Consumer Issues
Topic: first round ticket to US Open Tennis 2019
Replies: 17
Views: 1600

Re: first round ticket to US Open Tennis 2019

If you just want a tick "I saw Serena play at the US Open" box, then you can do it from the cheap seats in Ashe, and depending on how quickly you can get to NYC you may or may not be able to pull the trigger at the last minute like we did in 2016. If you want to be closer to the action you'll have ...
by BuckyBadger
Mon Sep 03, 2018 3:44 pm
Forum: Personal Consumer Issues
Topic: first round ticket to US Open Tennis 2019
Replies: 17
Views: 1600

Re: first round ticket to US Open Tennis 2019

Are you a tennis fan, or is your only goal to watch Serena play? I ask because my recommendations would be very different for those two things. I've been to countless tennis tournaments including the Grand slam events, but for me it's mostly about the tennis and less so about the Big Names, so I pre...
by BuckyBadger
Mon Sep 03, 2018 3:27 pm
Forum: Personal Consumer Issues
Topic: new mattress/bed - king size upstairs
Replies: 16
Views: 2785

Re: new mattress/bed - king size upstairs

Split King mattresses seen to be very common now which really help with transportation! A king is just the size of two XL twin mattresses. We've had no complaints with a split King, and just use normal deep pocket King sized sheets (some will claim you need separate fitted sheets but this isn't the ...
by BuckyBadger
Tue Aug 28, 2018 9:06 am
Forum: Personal Finance (Not Investing)
Topic: How do you 7 figure guys organize multiple accounts?
Replies: 164
Views: 12137

Re: How do you 7 figure guys organize multiple accounts?

I simplify. I don't chase checking account bonus things, so I have one checking and one savings at one bank. I don't chase credit card bonuses, so I have a limited number of cards and primarily use the 2% cashback Citi card. I roll everything into whatever I can. So - one 403b for me with all old on...
by BuckyBadger
Mon Aug 27, 2018 8:00 am
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 209
Views: 22411

Re: Did you celebrate when you finally hit $1m?

I got SO close after January 2018 (growth and 2018 contributions kicked it up in January) - if not for rounding down to 999 I would have "made" it! But then February, March, and April happened... November-2017-$911 December-2017-$929 January-2018-$946 February-2018-$999 March-2018-$980 April-2108-$...
by BuckyBadger
Mon Aug 27, 2018 7:34 am
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 209
Views: 22411

Re: Did you celebrate when you finally hit $1m?

I got SO close after January 2018 (growth and 2018 contributions kicked it up in January) - if not for rounding down to 999 I would have "made" it! But then February, March, and April happened... November-2017-$911 December-2017-$929 January-2018-$946 February-2018-$999 March-2018-$980 April-2108-$9...
by BuckyBadger
Thu Aug 23, 2018 11:17 am
Forum: Investing - Help with Personal Investments
Topic: What to do with cash in this market?
Replies: 34
Views: 3347

Re: What to do with cash in this market?

This really is a popular question these last few days, isn't it! Invest cash according to your asset allocation. If you're not comfortable doing that then reassess your asset allocation until it's something you're comfortable with. If you were like me and didn't watch financial news, you wouldn't ev...
by BuckyBadger
Thu Aug 23, 2018 10:26 am
Forum: Investing - Theory, News & General
Topic: Stock options inducing employee sabotage
Replies: 14
Views: 1692

Re: Stock options inducing employee sabotage

Or they could just buy put options, do nothing illegal, and wait for the regular monthly Chipotle mass poisoning. How the heck that company keeps going strong is beyond me. If I was Moe's, I'd be running TV ads that look like made for TV infomercials. In black and white, woman keels over holding he...
by BuckyBadger
Wed Aug 22, 2018 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance - does this seem reasonable? (Added another ? about company)
Replies: 19
Views: 935

Re: Life Insurance - does this seem reasonable? (Added another ? about company)

Thanks for all the comments, everyone!

I'm working with an independent broker now and Amica definitely doesn't have the best rates.

Thanks for the help!
by BuckyBadger
Wed Aug 22, 2018 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance - again
Replies: 34
Views: 2805

Re: Umbrella insurance - again

We have $2mil at Amica for $532, so that doesn't seem too far off. Could depend on underlying overages and bundled policies and whatnot.
by BuckyBadger
Wed Aug 22, 2018 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Is divorce a wise financial move?
Replies: 90
Views: 5115

Re: Is divorce a wise financial move?

At this point I think it's safe to say that this is a troll. For all his complaints about *us* not staying on topic, he has been told several times about the different things he would be giving up by divorcing and hasn't asked for discussion or expressed any interest in any of them. He's clearly not...
by BuckyBadger
Wed Aug 22, 2018 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Is divorce a wise financial move?
Replies: 90
Views: 5115

Re: Is divorce a wise financial move?

You would also lose Spousal Privilege in court: https://www.appealslawgroup.com/can-my-spouse-testify-against-me-at-my-criminal-trial/ For the moralizers out there, loving long term relationships and marriage are two separate things that some people are capable of distinguishing. I think people are...
by BuckyBadger
Wed Aug 22, 2018 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Life Insurance - does this seem reasonable? (Added another ? about company)
Replies: 19
Views: 935

Re: Life Insurance - does this seem reasonable? (Added another ? about company)

It's impossible to say whether those rates are reasonable without knowing anything about either of your health histories and what company those quotes are from. I'm an insurance agent and I tell everyone the same thing too - "quotes are meaningless without an offer of coverage from the insurance co...
by BuckyBadger
Wed Aug 22, 2018 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Life Insurance - does this seem reasonable? (Added another ? about company)
Replies: 19
Views: 935

Re: Life Insurance - does this seem reasonable? (Added another ? about company)

It's impossible to say whether those rates are reasonable without knowing anything about either of your health histories and what company those quotes are from. I'm an insurance agent and I tell everyone the same thing too - "quotes are meaningless without an offer of coverage from the insurance co...
by BuckyBadger
Wed Aug 22, 2018 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Is divorce a wise financial move?
Replies: 90
Views: 5115

Re: Is divorce a wise financial move?

Everyone else covered the other issues. Plus, how much does it cost to get divorced? I assume several hundred dollars at least. And as every else has already said: health care, SS, seeing your loved one in a hospital, inheriting assets... You seem to be the one not acknowledging those "concrete lega...
by BuckyBadger
Wed Aug 22, 2018 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Where to buy engagement ring?
Replies: 61
Views: 4721

Re: Where to buy engagement ring?

I got mine in the diamond district of Chicago. We went up in this totally sketchy armored elevator in a totally sketchy building and stepped out into the most glorious place I've ever been. It was beautiful and tremendous and I loved it! I just checked and it looks like he's only in Chicago - but ma...
by BuckyBadger
Wed Aug 22, 2018 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Is divorce a wise financial move?
Replies: 90
Views: 5115

Re: Is divorce a wise financial move?

Getting divorced to save $1500 in taxes every year seems like a pretty textbook definition of cutting off your nose to spite your face.
by BuckyBadger
Wed Aug 22, 2018 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Life Insurance - does this seem reasonable? (Added another ? about company)
Replies: 19
Views: 935

Life Insurance - does this seem reasonable? (Added another ? about company)

After procrastinating SO much, I'm trying to pull the trigger on this. Of course, now I've left it so long that I'll probably not get it sorted out before I pop out this kid, but at least the ball is rolling. Wanted to get your thoughts on what we're thinking for policy sizes and prices - does every...
by BuckyBadger
Mon Aug 20, 2018 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you put away in investments?
Replies: 66
Views: 5517

Re: How much do you put away in investments?

Total with company matches is ~$95k, or ~30% of our $325k combined gross income.

Without company match it's ~$65k, or ~20% of our $325k combined gross income.

This includes two maxed 401k/403bs, two maxed backdoor ROths, a maxed out individual HSA, and additional taxable investments.
by BuckyBadger
Wed Aug 15, 2018 11:34 am
Forum: Investing - Help with Personal Investments
Topic: 33 Male, how am I doing?
Replies: 28
Views: 2882

Re: 33 Male, how am I doing?

Just out of curiosity, how does your being male enter into your question?
by BuckyBadger
Wed Aug 15, 2018 9:43 am
Forum: Investing - Help with Personal Investments
Topic: When do you change your IPS?
Replies: 8
Views: 921

When do you change your IPS?

I've been contemplating my IPS for a little while now and I was wondering how you all decided to change your IPS - if you ever did. Mu IPS is very straightforward. https://image.ibb.co/jWyr4T/BH_IPS.jpg Clearly some life changes necessitate changes. I edited mine to add 529 goals after we found out ...
by BuckyBadger
Tue Aug 14, 2018 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Railroad Retirement vs Social Security
Replies: 13
Views: 1374

Re: Railroad Retirement vs Social Security

I don't know much about pensions, having never been anywhere where one was offered.

If you decide you want to retire before age 60, or you are forced to quit due to medical reasons for example, are you SOL and get nothing?
by BuckyBadger
Tue Aug 14, 2018 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Marriage [How should finances be handled?]
Replies: 74
Views: 7821

Re: Marriage [How should finances be handled?]

We have one savings account and one checking account. All our money goes in. We share joint credit cards. Around Christmas and birthdays we just don't look at bills. We can buy anything we want for each other or for ourselves. If it's more than a couple hundred dollars we will discuss. This works be...
by BuckyBadger
Thu Aug 09, 2018 8:27 am
Forum: Investing - Help with Personal Investments
Topic: Poor HSA Investment Options
Replies: 23
Views: 1718

Re: Poor HSA Investment Options

Expense ratios?
by BuckyBadger
Thu Aug 09, 2018 8:24 am
Forum: Investing - Help with Personal Investments
Topic: Small selection of funds in 401K which should I pick?
Replies: 5
Views: 283

Re: Small selection of funds in 401K which should I pick?

I would use just the target date. Are the yellow highlights in the second link what you're planning on doing? I'd scrap that and just do the low expense target date. In a few years when you're got more money and more accounts you can break it into a nice 3-fund portfolio, but at this point I think b...
by BuckyBadger
Wed Aug 08, 2018 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: 401k Income Limit?
Replies: 7
Views: 612

Re: 401k Income Limit?

My employer offers 401k to anyone making less than $120k per year. If you make more than $120k per year, they offer you a Non-Qualified deferred compensation plan. Benefits department says its an IRS rule that anyone over $120k cannot be in a 401K . Is this true? No - at least not this simply state...
by BuckyBadger
Wed Aug 08, 2018 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Saving Enough for Retirement vs Vacation Home
Replies: 36
Views: 3849

Re: Saving Enough for Retirement vs Vacation Home

Thanks for all the responses. I changed the topic title and also added we have 25k in EF. A couple of things also to add, I am a teacher so I have the summers off, and my wife works from home 3 or 4 days a week, so we would use the place a lot in the summer. I look at it as also saving for retireme...
by BuckyBadger
Wed Aug 08, 2018 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Saving Enough for Retirement vs Vacation Home
Replies: 36
Views: 3849

Re: Saving Enough for Retirement?

Also might want to edit your thread title to mention the vacation property part. You might get more responses.
by BuckyBadger
Wed Aug 08, 2018 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Saving Enough for Retirement vs Vacation Home
Replies: 36
Views: 3849

Re: Saving Enough for Retirement?

This does not seem wise. For many many reasons. I wouldn't slash retirement contributions like that in order to take on another mortgage and maintenance costs for a second home. No way. And it looks like you have barely over 100k in your combined 401k/403b and then that your brokerage account is "mo...
by BuckyBadger
Tue Aug 07, 2018 9:37 am
Forum: Investing - Help with Personal Investments
Topic: Nervous about not using a personal wealth manager. How do I do this myself?
Replies: 135
Views: 6989

Re: Planning to invest in these funds -- any issues?

Finally, we've said "Investing is easy, so do-it-yourself", but the advisor choices and our responses are saying "Investing is hard, these choices are too complicated to understand." I don't see the conflict. We're saying that investing CAN be easy, but it's in the best interests of an advisor to c...
by BuckyBadger
Mon Aug 06, 2018 10:35 pm
Forum: Investing - Help with Personal Investments
Topic: Nervous about not using a personal wealth manager. How do I do this myself?
Replies: 135
Views: 6989

Re: Planning to invest in these funds -- any issues?

Three threads (that I’m aware of)? Investing is hard. Oh wait, no it isn’t. Jumping in halfway between a manager and the client is hard. I think the OP us making this much harder than it needs to be, but for some reason seems very reluctant to just start fresh with a simple portfolio that he unders...
by BuckyBadger
Mon Aug 06, 2018 10:03 pm
Forum: Investing - Help with Personal Investments
Topic: Nervous about not using a personal wealth manager. How do I do this myself?
Replies: 135
Views: 6989

Re: Planning to invest in these funds -- any issues?

ThePrince wrote:
Mon Aug 06, 2018 10:00 pm
I would pay off the student loan debt before investing a dime.
But Schwab doesn't get a cut of paid off student loans, you silly goose!
by BuckyBadger
Mon Aug 06, 2018 10:00 pm
Forum: Investing - Help with Personal Investments
Topic: Pay off mortgage instead of contributing to 401k?
Replies: 61
Views: 4263

Re: Pay off mortgage instead of contributing to 401k?

Just a reminder that all the extra payments in the world don't remove the responsibility of your monthly payment, unless you're planning on refinancing or recasting your mortgage. You can owe 20k or 200k, if something happens and you can't pay your mortgage it's not going to make a difference. Until...
by BuckyBadger
Mon Aug 06, 2018 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: "Skin in the game"
Replies: 105
Views: 7523

Re: "Skin in the game"

Thanks for all the thoughtful comments! This has been a very interesting read!
by BuckyBadger
Sun Aug 05, 2018 7:15 am
Forum: Personal Finance (Not Investing)
Topic: "Skin in the game"
Replies: 105
Views: 7523

"Skin in the game"

There are many on this board who vehemently claim that it's important for your kid to have skin in the game - that if you don't make your kid pay for at least some of college they will somehow fail to succeed. I see this stated so often, but rarely do those people concede that college funding should...
by BuckyBadger
Fri Aug 03, 2018 1:39 pm
Forum: Investing - Help with Personal Investments
Topic: Nervous about not using a personal wealth manager. How do I do this myself?
Replies: 135
Views: 6989

Re: Financial Planner is going to buy funds for me. What should I find out first before letting him?

Where will the funds be held? Who will have access to the account? If it's at Schwab, you might to able to eventually have the advisor removed. Probably similar at other brokers too. In the meantime, your advisor may have control of the account and be expecting to handle it. At schwab, and the advi...
by BuckyBadger
Fri Aug 03, 2018 7:19 am
Forum: Investing - Help with Personal Investments
Topic: Nervous about not using a personal wealth manager. How do I do this myself?
Replies: 135
Views: 6989

Re: Financial Planner is going to buy funds for me. What should I find out first before letting him?

As discussed in your other thread, can you pinpoint specifically why you don't think you can do this on your own? There's absolutely no reason that you can't, but starting out like this will make it much more complicated than it needs to be. As was also mentioned, please consider posting a portfolio...
by BuckyBadger
Thu Aug 02, 2018 2:56 pm
Forum: Investing - Help with Personal Investments
Topic: Old 401k...rollover to IRA or new employer
Replies: 8
Views: 498

Re: Old 401k...rollover to IRA or new employer

I'll take the contrarian viewpoint - do an IRA rollover if possible. Gives you much more control in case someone at the company decides a fee-heavy firm like John Hancock would be better for administering the 401K. Probably not a huge risk of that, but I can't see any potential upside to keeping mo...
by BuckyBadger
Thu Aug 02, 2018 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: Old 401k...rollover to IRA or new employer
Replies: 8
Views: 498

Re: Old 401k...rollover to IRA or new employer

I'd absolutely use your employer's plan. Total bonds and total us stock for 0.04??

Get your international in your IRA and you're golden!!