Search found 19 matches

by Cellardoor621
Wed Oct 14, 2015 10:26 pm
Forum: Investing - Theory, News & General
Topic: New investors: how did your first correction go?
Replies: 100
Views: 9255

Re: New investors: how did your first correction go?

I'm already at 100% equities (not accounting for mortgage at 65%ish LTV and 6mo E-Fund). My first correction was just like every other month. I deposited the same amount on the 7th and 22nd and spent more time than necessary reading about what's happening to money I don't need for a decade or more. ...
by Cellardoor621
Wed Oct 14, 2015 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: Fair share of expenses for spouses?
Replies: 100
Views: 11188

Re: Fair share of expenses for spouses?

Not married, dating for four years, living together three. I make about 250% of my girlfriend's income and we split our expenses evenly. This is mostly a symptom of the fact that we live way, way below our means. I save 60% of my income and her 20%. All our normal stuff (mortgage, utilities, groceri...
by Cellardoor621
Thu Mar 06, 2014 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Switching from Full-Time Career to Contractor - Pros/Cons?
Replies: 14
Views: 1434

Re: Switching from Full-Time Career to Contractor - Pros/Con

I'll add a vote to not switching unless you're doubling your pay. I'm somewhat conservative, but my situation was earnings closer to 50k with lesser benefits (mainly due to lesser insurance so I could utilize an HSA) and I wasn't leaving for less than $70 an hour. Different industries, but the costs...
by Cellardoor621
Thu Feb 06, 2014 1:05 pm
Forum: Investing - Theory, News & General
Topic: Consultants: How much emergency fund?
Replies: 6
Views: 1690

Re: Consultants: How much emergency fund?

Thanks for the replies, seems pretty varied here. I didn't realize so many consultants would have significant capital expenses! In my particular case as a Healthcare IT Consultant, except for potentially needing a new laptop fro time to time, I don't have any business expenses should I run into a dr...
by Cellardoor621
Wed Feb 05, 2014 10:01 am
Forum: Investing - Theory, News & General
Topic: Consultants: How much emergency fund?
Replies: 6
Views: 1690

Consultants: How much emergency fund?

I've been struggling with how I want to handle my emergency fund since I've moved into the consulting realm. With my full time job that was super secure I kept 3 months and always maxed my rIRA early in the year, so it was sort of a defacto backup (my expenses per month are about $1600). Now that I'...
by Cellardoor621
Tue Jan 14, 2014 11:28 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance Issue: Advice Request
Replies: 1
Views: 229

Insurance Issue: Advice Request

Alright guys, so here's the background. I left my full time job to start consulting in October and got a Health Alliance HDHP compatible plan beginning November 1st for something like $63/month. With The ACA going into effect I knew the rate would be changing soon. I miss a call and get a voicemail ...
by Cellardoor621
Mon Jan 13, 2014 11:56 am
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 613
Views: 93572

Re: High Earners - What's Your Profession?

Healthcare IT (Epic, in my case) consultant. Highly variable based on when I'm on contract vs. off of course. I still work "PRN" for the organization I was last full time with, so that offsets my down periods some. In my experience, there's a huge variance in talent/productivity/motivation...
by Cellardoor621
Fri Aug 02, 2013 1:10 pm
Forum: Investing - Help with Personal Investments
Topic: New job, new tax bracket, new plan. Help needed
Replies: 6
Views: 641

Re: New job, new tax bracket, new plan. Help needed

Thanks Brian, so if I'm reading that correctly, i could do it this year and pay taxes on the contributions in this year (or next depending on when I make the move) and have it function as a normal Roth from that point. For me I'd rather get taxed now if it was this year as my income won't be higher....
by Cellardoor621
Fri Aug 02, 2013 10:00 am
Forum: Investing - Help with Personal Investments
Topic: New job, new tax bracket, new plan. Help needed
Replies: 6
Views: 641

Re: New job, new tax bracket, new plan. Help needed

This is taking my salary from $50k to a year to $95/hr plus tech allowance and whatnot. So I've got a few questions to go with this. The first is procedural: what's recommended for rolling over my 401k when I leave my current company? Can I roll it all into my vanguard roth and rebalance into prope...
by Cellardoor621
Thu Aug 01, 2013 9:02 pm
Forum: Investing - Help with Personal Investments
Topic: New job, new tax bracket, new plan. Help needed
Replies: 6
Views: 641

New job, new tax bracket, new plan. Help needed

Hey folks- It's looking like I'm going to be making a move into a significantly different situation, and I'm trying to figure out how to best proceed. Long story short, I work for a hospital in IT on an EMR. I'm getting ready to part ways with the hospital and move into consulting. This is taking my...
by Cellardoor621
Mon Feb 11, 2013 10:06 pm
Forum: Investing - Help with Personal Investments
Topic: Threshold between Student Loans and Tax Efficient Investment
Replies: 5
Views: 451

Re: Threshold between Student Loans and Tax Efficient Invest

Basically, if I completeled focused on Student loans this year with both the IRA and normal Student Loans Funds, I could put about $10,500 into it. If I receive the promotion my boss put in for me, I could actually even throw another $400 a month in for the last 9 months, pushing it above $14,000. ...
by Cellardoor621
Mon Feb 11, 2013 5:45 pm
Forum: Investing - Help with Personal Investments
Topic: Threshold between Student Loans and Tax Efficient Investment
Replies: 5
Views: 451

Re: Threshold between Student Loans and Tax Efficient Invest

Thanks for making it easy :).

I figured that was the case, but the psychology behind it when it's *your* debt and investments can be tough to shake.
by Cellardoor621
Mon Feb 11, 2013 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: Threshold between Student Loans and Tax Efficient Investment
Replies: 5
Views: 451

Threshold between Student Loans and Tax Efficient Investment

So I've tried reading up on this myself and looking at it from about fifteen different ways, likely all wrong ways, and can't come to a consensus on the stance I should take with my extra money. I'm 27 with a very steady job, around 37.5k in Student Loans at 6.13%/5.88% interest (based on kwikpay it...
by Cellardoor621
Fri Feb 08, 2013 1:24 pm
Forum: Investing - Theory, News & General
Topic: What % of your income are you saving for retirement?
Replies: 228
Views: 29381

Re: What % of your income are you saving for retirement?

Looks like about 35% of my gross, but that includes matching contributions from work, so that's artificially a bit high. Counting only extra student loan payments and savings into tax advantaged accounts. I don't make enough to max out my 401k, so no non-tax sheltered investments to speak of.
by Cellardoor621
Thu Apr 05, 2012 2:27 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice
Replies: 11
Views: 619

Re: Portfoilio Advice

Cellardoor621 , given your AA preferences I'll pick 80% stocks, 20% bonds, with 30% of stocks in international. This is on the conservative side of your wishes. That breaks down to 56% US stocks, 24% international stocks, and 20% bonds. Here is a possible long-term retirement portfolio: Roth IRA at...
by Cellardoor621
Thu Apr 05, 2012 2:14 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice
Replies: 11
Views: 619

Re: Portfoilio Advice

IMO you should fund your Roth IRA with a low cost target retirement fund which fits your risk tolerance. Do the various vanguard target retirement funds qualify here? e.g. I push through the Star fund purchase at $1,000, then at $3,000 move from Star into something like the Target Retirement 2040/4...
by Cellardoor621
Thu Apr 05, 2012 2:10 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice
Replies: 11
Views: 619

Re: Portfoilio Advice

Welcome to the forum! 1. With the 401k, are any of these funds with higher ERs worth considering, or should I stick to Vanguard almost/completely exclusively? If I were in your situation, I would stick with Vanguard exclusively. Study after study has shown expense ratio to be a useful predictor of ...
by Cellardoor621
Thu Apr 05, 2012 2:06 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice
Replies: 11
Views: 619

Re: Portfoilio Advice

IMO you should fund your Roth IRA with a low cost target retirement fund which fits your risk tolerance. Do the various vanguard target retirement funds qualify here? e.g. I push through the Star fund purchase at $1,000, then at $3,000 move from Star into something like the Target Retirement 2040/4...
by Cellardoor621
Thu Apr 05, 2012 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice
Replies: 11
Views: 619

Portfolio Advice

Hey guys. I found your home last night and was really impressed with the information and advice going around. I'm just starting out on the chapter of life where I can/am earnestly invest, and I figure I can do a lot worse than getting advice from here. Emergency Funds: 2 months at this month's end (...