Search found 183 matches

by TarHeel2002
Mon Oct 14, 2019 7:33 pm
Forum: Personal Investments
Topic: going cash for 3 months 401(k)
Replies: 9
Views: 1650

going cash for 3 months 401(k)

My small business is switching 401(k) providers. We are scheduled to transfer from AXA to Vanguard January 1, 2020. We should save on average 1% or more in expenses going forward. My 401(k) was heavily invested into the S&P500 over the last few years and has had significant gains. I currently have 4...
by TarHeel2002
Fri Oct 11, 2019 6:00 am
Forum: Personal Finance (Not Investing)
Topic: extra $2000/month?
Replies: 14
Views: 2845

Re: extra $2000/month?

You could always increase your giving. +1 with paying home mortgage first before the rental. +100 No question to pay off personal home first! For starters you have far less risk to loss of equity involved with your personal home than a rental. Additionally, every dollar of rental interest is subtra...
by TarHeel2002
Thu Oct 10, 2019 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: extra $2000/month?
Replies: 14
Views: 2845

Re: extra $2000/month?

Thanks. Annual retirement savings happens like this:

19k 401(k) me
19k 401(k) wife (on payroll at my business)
5k 401(k) match
12k roth (backdoor for each of us)
7k hsa (which I don't touch and pay out of pocket for medical costs)

62k total
by TarHeel2002
Thu Oct 10, 2019 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: extra $2000/month?
Replies: 14
Views: 2845

extra $2000/month?

39 y.o. married 3 kids (8,6,0) Maxing out all retirement space (62k/year) 529 contributions on track (18k/year) current retirement 667k emergency fund 40k current 529 savings 92k home mortgage 148k 3.125% ($750/month) rental mortgage 178k 4.75% - schedule E ($1,616/month) I have an additional $2,000...
by TarHeel2002
Mon Oct 07, 2019 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: 529 savings?
Replies: 19
Views: 2608

Re: 529 savings?

Thank you Vic! :D I really appreciate the kind words. I'm always questing if I'm doing the right thing and making the most of my situation. Life is such a juggling act. Your words really mean a lot! I do have disability insurance through Guardian (9k month) and 2.5MM term life insurance...both of wh...
by TarHeel2002
Sun Oct 06, 2019 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: 529 savings?
Replies: 19
Views: 2608

Re: 529 savings?

Thanks for the replies. We get a state tax deduction of 4.25% up to 10k of contributions. We will be exceeding this deduction limit going forward with 18k of contributions per year in total. I have them all in the age banded moderate aggressive state sponsored 529 fund so they have decent exposure t...
by TarHeel2002
Sat Oct 05, 2019 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: 529 savings?
Replies: 19
Views: 2608

529 savings?

Retirement savings are on track (I hope!) so just focusing on 529 accounts here. Three kids 8, 6, and 0. I am 39 yo married. Current account balances: 8 year old = 52k 6 year old = 34k 0 year old = 4k We're currently saving 6k per kid per year. Planning on keeping this savings rate up until each chi...
by TarHeel2002
Mon Sep 30, 2019 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: new 401(k) plan small business - a few days out of the market?
Replies: 5
Views: 401

Re: new 401(k) plan small business - a few days out of the market?

Just an update. I have a couple people now who want to roll their existing AXA 401(k) over to Edward Jones because they are worried about the transition to Vanguard. I have to bite my tongue. I'm assuming they'll get dinged with a front load fee of some type from Edward Jones? :oops:
by TarHeel2002
Wed Sep 25, 2019 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: new 401(k) plan small business - a few days out of the market?
Replies: 5
Views: 401

new 401(k) plan small business - a few days out of the market?

We are transitioning our small business 401(k) plan from AXA to Vanguard / Ascensus January 1, 2020. A couple of benefits that will happen from this transition include everyone in our office being able to defer more (SIMPLE to Safe Harbor) and saving on average 1% in fund fees. We are excited about ...
by TarHeel2002
Wed Aug 07, 2019 6:37 am
Forum: Personal Finance (Not Investing)
Topic: which one would you pay off?
Replies: 10
Views: 1002

Re: which one would you pay off?

39 years old married with three kids (8,6 and 0). Annual income 280k Retirement assets (401k, Roth, HSA, taxable) = 670k Emergency fund = 35k (I can access 40k out of the retirement assets pretty quickly via HSA drawdowns and taxable investments if necessary) 529 funds = 85k Annual retirement contri...
by TarHeel2002
Tue Aug 06, 2019 8:39 am
Forum: Personal Finance (Not Investing)
Topic: which one would you pay off?
Replies: 10
Views: 1002

which one would you pay off?

A. Home mortgage 148k balance remaining on 30 year fixed 3.125% loan (25 years remaining to pay). Payments $750/month. Value 335k. B. Owner occupied office building. 179k balance remaining on 15 year fixed 4.75% loan (12 years remaining to pay). Payments $1616/month. Value 225k. Paying down the home...
by TarHeel2002
Thu Aug 01, 2019 11:35 am
Forum: Personal Consumer Issues
Topic: Are all models of Toyota generally considered reliable?
Replies: 52
Views: 5294

Are all models of Toyota generally considered reliable?

Just curious if all models of Toyota are generally considered reliable? I've been considering a new Sienna lately but have also been interested in the Sequoia (for towing capabilities). Currently have a 2007 Camry and a 2011 Highlander that have been great.
by TarHeel2002
Mon Jul 29, 2019 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: letting go of the Roth space (12k)
Replies: 9
Views: 1742

Re: letting go of the Roth space (12k)

I do have a modest taxable account of 18k. I have definitely considered using it to fund our Roth IRAs if I’m unable to make new money contributions. Projected salary next year 260-275k.
by TarHeel2002
Sun Jul 28, 2019 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: letting go of the Roth space (12k)
Replies: 9
Views: 1742

letting go of the Roth space (12k)

Up until this point, I've had a SIMPLE 401(k) available to me and my wife in my small business that I own. Max salary deferral currently is 13k/each with a SIMPLE. Beginning 2020, we will be converting our small business to a Safe Harbor 401(k) that will allow 19.5k salary deferral for each of us. M...
by TarHeel2002
Thu Jul 18, 2019 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: 1 million in liquid assets or paid off mortgage by 40?
Replies: 61
Views: 6568

Re: 1 million in liquid assets or paid off mortgage by 40?

The way I would go about paying off the mortgage would be to continue to max my retirement and 529 accounts and divert additional funds earmarked for taxable savings toward the mortgage pay down. I figure it would probably take me 3-3.5 years to accomplish. It would be fun to watch the balance owed ...
by TarHeel2002
Tue Jul 16, 2019 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: 1 million in liquid assets or paid off mortgage by 40?
Replies: 61
Views: 6568

Re: 1 million in liquid assets or paid off mortgage by 40?

House value is 350k. I wish it was 10M. :D 650k in retirement accounts. 50k taxable and online savings 88k 529 funds 788k total I am saving 50k per year in retirement accounts. 18k per year 529 accounts. I could add another 40-50k per year in taxable (or pay down the mortgage faster). Mortgage payme...
by TarHeel2002
Tue Jul 16, 2019 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: 1 million in liquid assets or paid off mortgage by 40?
Replies: 61
Views: 6568

1 million in liquid assets or paid off mortgage by 40?

I just wanted to get a feel from the Boglehead community on what you all would prefer by age 40. A. 1 million dollars in liquid assets B. home mortgage paid off FWIW I am 39 years old with 788k in liquid assets and 149k remaining on my home mortgage. I am always wrestling with the eternal question o...
by TarHeel2002
Sat Jul 06, 2019 6:48 am
Forum: Personal Finance (Not Investing)
Topic: 50-60k boat purchase??
Replies: 84
Views: 6180

Re: 50-60k boat purchase??

Sounds like annual spending excluding taxes is about $100k. Seems like $100k expenses excluding taxes on $260 gross is pretty good saving. This is a pretty accurate estimate. 95k excluding taxes. 142k with taxes. I agree that the Diderot effect (i.e. one purchase leads to more) seems to be very rea...
by TarHeel2002
Fri Jul 05, 2019 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: 50-60k boat purchase??
Replies: 84
Views: 6180

50-60k boat purchase??

We live on the lake. We currently have a 20 year old ski boat that still gets the job done (tubing, skiing, etc).. Thinking of upgrading to a newer (not brand new) boat with less hours, better interior, few more creature comforts...to do essentially the same thing as the 20 year old boat. Looking at...
by TarHeel2002
Sun Jun 02, 2019 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: What now?
Replies: 2
Views: 689

What now?

38 y.o. married three kids (8,6,0). Income 260-280k Assets 610k retirement accounts (HSA, 401, Roth, taxable) 35k Emergency fund Barclays 2.2% College 529 savings 80k Annual savings rate Retirement 50k (minimum) College 18k (minimum) Debts Home mortgage 149k @ 3.125% (23 years remaining) payment = $...
by TarHeel2002
Fri May 24, 2019 8:08 pm
Forum: Personal Investments
Topic: VASGX all in one fund for Roth IRAs + HSA?
Replies: 3
Views: 498

VASGX all in one fund for Roth IRAs + HSA?

I am currently 100% invested in VASGX (Vanguard Life Strategy Growth Fund) for both mine and my wife's Roth IRAs + our HSA. I am 38 and plan on working another 15-20 years? Does this make sense? I liked the fact that this was an all in one fund that doesn't automatically increase bond holdings over ...
by TarHeel2002
Fri May 24, 2019 6:40 am
Forum: Personal Finance (Not Investing)
Topic: VTWAX vs VTSAX in my taxable account
Replies: 4
Views: 1119

VTWAX vs VTSAX in my taxable account

I have a small but growing taxable account (10k) and adding 2-3k/month. I am probably a little shy on international exposure throughout my entire portfolio holding about 9.5% VTIAX (via VASGX). When I add to my taxable account I add it entirely to VTSAX. Should I consider VTWAX? Pros/cons on this? I...
by TarHeel2002
Tue May 07, 2019 9:16 am
Forum: Personal Finance (Not Investing)
Topic: taxable vs mortgage paydown
Replies: 16
Views: 1689

Re: taxable vs mortgage paydown

So, how long do you expect to stay in this home? That is the duration of a mortgage prepayment. If you expect to stay only seven years, 3.125% tax-free is better than you could earn in low-risk bonds such as Vanguard Long-Term Tax-Exempt. If you expect to stay until the third kid goes away to colle...
by TarHeel2002
Mon May 06, 2019 2:46 pm
Forum: Personal Consumer Issues
Topic: Aulani Disney resort
Replies: 15
Views: 2257

Aulani Disney resort

Anyone have any experience with the Disney Aulani resort in Oahu? We have three kids (7, 5, and 0) and were thinking of trying to visit it in the next year or two? I see it books out way in advance so that's why I'm researching it now. We like the quality of the Disney resorts we have been to in the...
by TarHeel2002
Mon May 06, 2019 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: taxable vs mortgage paydown
Replies: 16
Views: 1689

taxable vs mortgage paydown

38 y.o. married with 3 kids (7,5,0) Annual income = 265k Retirement Savings = 640k Emergency fund = 30k 529 college savings = 80k Annual savings rate retirement = 50k/year 529 = 18k/year Home mortgage debt = 149k (3.125% fixed 30 year) I have an extra 2k per month available to me right now + additio...
by TarHeel2002
Wed Apr 24, 2019 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard Prime Money Market or Barclays Online Savings (Emergency Fund)
Replies: 1
Views: 350

Vanguard Prime Money Market or Barclays Online Savings (Emergency Fund)

I currently have a Barclays Online Savings account paying 2.2% on my 38k Emergency Fund. Most of my investments are held by Vanguard. I was thinking of switching to the Vanguard Prime Money Market (currently 2.48%) just for less accounts to deal with. It's my understanding that the Vanguard Prime Mo...
by TarHeel2002
Thu Apr 18, 2019 2:09 pm
Forum: Personal Consumer Issues
Topic: Electric smoker
Replies: 26
Views: 1357

Electric smoker

Any suggestions for an electric smoker? I’m new to this and want something that I don’t have to babysit all day long. I’ll probably use it half a dozen times per year for our family..pork shoulder, chicken, etc. Looking at Masterbuilt from Home Depot $250. Thanks.
by TarHeel2002
Thu Apr 18, 2019 2:03 pm
Forum: Personal Consumer Issues
Topic: Roof rails - aftermarket Toyota Highlander
Replies: 2
Views: 280

Roof rails - aftermarket Toyota Highlander

Anyone know where I can buy some aftermarket roof rails that actually bolt into the roof of our 2011 Highlander? I’m kicking myself I didn’t have factory installed ones put on as Toyota does not sell them after the fact. The only ones I can find are the ones that secure under the door jam like Rhino...
by TarHeel2002
Fri Apr 05, 2019 11:18 am
Forum: Personal Consumer Issues
Topic: trade in or sell 2007 Toyota Camry?
Replies: 15
Views: 1225

Re: trade in or sell 2007 Toyota Camry?

They'll trade you in for 2500 and resell it for 7500. Why not keep it until it dies? That's what I was thinking too. I may be in need of a larger vehicle (Sienna). We have 3 kids now. We have a Highlander but even that is getting tight. I'd take the 2011 Highlander and DW + 3 kids would drive the n...
by TarHeel2002
Fri Apr 05, 2019 11:12 am
Forum: Personal Consumer Issues
Topic: trade in or sell 2007 Toyota Camry?
Replies: 15
Views: 1225

trade in or sell 2007 Toyota Camry?

I am thinking up purchasing a minivan in the near future. Should I trade in or sell my 2007 Toyota Camry LE with 150k miles on it? I have done a really good job of maintaining it - new tires (Michelin), new struts/shocks, oil changes every 5k miles, coolant flush at 100k miles, transmission flush at...
by TarHeel2002
Wed Apr 03, 2019 7:27 am
Forum: Personal Finance (Not Investing)
Topic: Am I being silly (too cheap) to not buy a new minivan?
Replies: 23
Views: 1789

Am I being silly (too cheap) to not buy a new minivan?

38 yo married with 3 kids (7,5,0). Currently we have a Toyota Highlander (2011) and Toyota Camry (2007). I am considering trading in the Camry and buying a new Toyota Sienna XLE. Total cost on that about $37,500. My other two cars are running fine so it pains me to spend that much money but the adde...
by TarHeel2002
Sun Mar 24, 2019 11:47 am
Forum: Personal Consumer Issues
Topic: Honda Odyssey EX vs EX-L?
Replies: 11
Views: 985

Re: Honda Odyssey EX vs EX-L?

Kenkat wrote:
Sun Mar 24, 2019 11:17 am
We have an EX because my wife did not want leather seats. The cloth seats have held up extremely well (ours is a 2014). If you want leather, the EX-L probably makes sense.
Thank you! Looks like they come heated too. :beer
by TarHeel2002
Sun Mar 24, 2019 8:16 am
Forum: Personal Consumer Issues
Topic: Honda Odyssey EX vs EX-L?
Replies: 11
Views: 985

Honda Odyssey EX vs EX-L?

I am decided on new Honda Odyssey for our family of 5..just trying to decide between trim levels EX vs EX-L. There is about a 3k difference between the trim levels. Big differences I take note of - leather seats vs fabric. Moon roof vs none. I actually don't care at all about the moon roof and actua...
by TarHeel2002
Tue Mar 19, 2019 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: What order to fill up retirement accounts?
Replies: 9
Views: 1136

Re: What order to fill up retirement accounts?

Yeah - I feel like that was what I was getting at with that question. The Roth IRA just seems more flexible in terms of usage vs the HSA. I have a decent little chunk saved in my HSA right now (17k) invested into a Vanguard fund (VASGX). My plan was to max out everything but then we upgraded our sma...
by TarHeel2002
Tue Mar 19, 2019 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: What order to fill up retirement accounts?
Replies: 9
Views: 1136

Re: What order to fill up retirement accounts?

Can someone please give me the bullet points of why I should fill up the HSA bucket (7k) before I fill up the backdoor Roth IRA bucket (12k). Thank you!
by TarHeel2002
Wed Mar 13, 2019 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: What order to fill up retirement accounts?
Replies: 9
Views: 1136

What order to fill up retirement accounts?

Okay new situation for us. Our small business is moving from a SIMPLE 401(k) to a Safe Harbor 401(k). This will open up another 12k of 401(k) space for me and my wife. 13k x 2 = 26k vs 19k x 2 = 38k. We have been maxing out the SIMPLE 401(k) x 2, Backdoor Roth IRA x 2, and HSA for retirement savings...
by TarHeel2002
Fri Mar 08, 2019 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard small business 401(k)?
Replies: 6
Views: 339

Re: Vanguard small business 401(k)?

We really like it. The solo 401k did not offer admiral shares but the small biz does. In addition the Target retirement funds have rebates reducing the effective ER to like 0.09. It was a slam dunk for us too especially because the $3400 is tax deductible to the business meaning the ER for the empl...
by TarHeel2002
Fri Mar 08, 2019 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard small business 401(k)?
Replies: 6
Views: 339

Vanguard small business 401(k)?

I'm thinking about converting our small business 401(k) over from our current higher fee custodian to Vanguard. It seems like a slam dunk to me. Significantly lower ER across the board. Low cost to administer ($3475/year). They handle everything including TPA. Anyone care to share their experiences ...
by TarHeel2002
Wed Mar 06, 2019 9:47 am
Forum: Personal Finance (Not Investing)
Topic: tell me about my 0.682% expense ratio
Replies: 8
Views: 677

Re: tell me about my 0.682% expense ratio

Thank you for the calculator. Looks like it will cost me an additional 200k if I stay where I am over 17 years.

Unfortunately I don’t have access to Vanguard 500 index in my 401(k). My expensive 500 index is 0.88%. :oops:
by TarHeel2002
Wed Mar 06, 2019 9:30 am
Forum: Personal Finance (Not Investing)
Topic: tell me about my 0.682% expense ratio
Replies: 8
Views: 677

tell me about my 0.682% expense ratio

My weighted net expense ratio on all of my retirement funds is 0.682%. It's not great. I can switch 401(k) plans since I own my own business but I'm not sure if it's worth it. I choose the lowest cost funds available to me in my 401(k) plan. My 401(k) plan is the greatest expense ratio offender. Eve...
by TarHeel2002
Tue Mar 05, 2019 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Increase tax sheltered space 12k year or let it ride
Replies: 11
Views: 1194

Re: Increase tax sheltered space 12k year or let it ride

The Roth IRAs do have a tax-advantaged, but they are not tax-deferred. Thank you for clarifying this for me retiredjg. Appreciate it and all of the advice too. Yes - breaking it down the 588k is as follows: 401(k) = 413k Roth = 149k HSA = 18k VTSMX (brokerage) = 8k I like the idea of building up th...
by TarHeel2002
Tue Mar 05, 2019 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Increase tax sheltered space 12k year or let it ride
Replies: 11
Views: 1194

Re: Increase tax sheltered space 12k year or let it ride

There a lot of space between $13 x 2 and $50k. I assume the extra $24k is the employer contribution to the SIMPLE 401k? Thanks for the response. My 51k annual savings breakdown is as follows: salary deferral: 13k x 2 = 26k employer match (me): 6k backdoor Roth IRA x 2 = 12k HSA = 7k I was thinking ...
by TarHeel2002
Mon Mar 04, 2019 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Increase tax sheltered space 12k year or let it ride
Replies: 11
Views: 1194

Re: Increase tax sheltered space 12k year or let it ride

Yes we have employees. The match % stays the same between the two plans.
by TarHeel2002
Mon Mar 04, 2019 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Increase tax sheltered space 12k year or let it ride
Replies: 11
Views: 1194

Re: Increase tax sheltered space or let it ride

I realize my last post was kind of drawn out. Long story short - is 50k tax sheltered space enough going forward or should I try to increase it to 62k?
by TarHeel2002
Sun Mar 03, 2019 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Increase tax sheltered space 12k year or let it ride
Replies: 11
Views: 1194

Increase tax sheltered space 12k year or let it ride

I own my own small business and have some flexibility in my retirement plan set up. Currently I have a SIMPLE 401(k) and can save 13k x 2 between me and my wife. Should I switch to a Safe Harbor 401(k) so I can increase my tax sheltered savings by an additional 12k/year (19k x 2)? I have an addition...
by TarHeel2002
Wed Feb 27, 2019 8:48 am
Forum: Personal Consumer Issues
Topic: brand new Sienna/Odyssey or gently used?
Replies: 40
Views: 2607

Re: brand new Sienna/Odyssey or gently used?

I also am seeing 'super' gently used too. Current year model with 3k miles discounted $1000-$1500 off brand new. So close at that point ..?
by TarHeel2002
Wed Feb 27, 2019 8:35 am
Forum: Personal Consumer Issues
Topic: brand new Sienna/Odyssey or gently used?
Replies: 40
Views: 2607

brand new Sienna/Odyssey or gently used?

I'm window shopping on car guru at used/new minivans for the soon to be family of 5. I have it narrowed down to Sienna XLE 8 seat or Honda Odyssey EX-L. Brand new (2019) for either make hovers around 35k without further negotiations. Looks like I could get a gently used (2016/2017) with roughly 10k ...
by TarHeel2002
Fri Feb 01, 2019 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: new car (Sienna) - cash out taxable or 1.9% car payment?
Replies: 6
Views: 711

Re: new car (Sienna) - cash out taxable or 1.9% car payment?

30k emergency fund sitting in Barclays online account(5-6 months). 250-275k income.
by TarHeel2002
Fri Feb 01, 2019 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: new car (Sienna) - cash out taxable or 1.9% car payment?
Replies: 6
Views: 711

new car (Sienna) - cash out taxable or 1.9% car payment?

I have a growing brokerage account VTSAX 8k so far and adding roughly 2k per month. I'm on track for retirement savings (567k) and maxing all tax deferred options available to me (50k/year) - 38yo married 3 kids. The brokerage account is additional savings that I am able to squirrel away. I may be i...