Search found 210 matches

by TarHeel2002
Wed Mar 04, 2020 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance 2.75% 30 year fixed??
Replies: 16
Views: 3237

Re: Refinance 2.75% 30 year fixed??

2.5% 15 year fixed is available. Would +226/month to my payment and reduce total interest paid by 30k. I'd have to pay 0.875% in points for that 2.5%. Hmm...seems like a lot of hassle for such a small spread. Perhaps wait for 2.0% 15 year..?? I could also just start making additional principal payme...
by TarHeel2002
Wed Mar 04, 2020 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance 2.75% 30 year fixed??
Replies: 16
Views: 3237

Refinance 2.75% 30 year fixed??

I have a 146k mortgage fixed 3.125% $750 per month payments (22 years to go). I see Penfed has 2.75% 30 year fixed right now. Is it worth refinancing and resetting my mortgage. New payment would be $596 per month. I would end up paying an extra 10k in interest if I dragged it out to it's full durati...
by TarHeel2002
Mon Mar 02, 2020 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: 30 year mortgage under 3%
Replies: 301
Views: 46600

Re: 30 year mortgage under 3%

Penfed: 30 year 2.875% with points 15 year 2.5% with points Crazy!? I'm currently at 3.125% 30 year (with 22 years left) on my 30 year mortgage. I was doing some back of the envelope numbers and it still doesn't seem like the spread is worth it going through it all to refinance again..unless perhaps...
by TarHeel2002
Sat Feb 15, 2020 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: VWITX or VWLUX as second tier EFund / taxable account investment?
Replies: 2
Views: 355

VWITX or VWLUX as second tier EFund / taxable account investment?

I have 50k in a high yield savings account for an Emergency Fund. I also have 22k in a taxable account (VTSAX) to which I add 1k per month. I have an additional 10k I am looking to add to the taxable accounts. I was thinking of adding 5k to VTSAX and 5k to VWITX or VWLUX (tax exempt bond funds). Doe...
by TarHeel2002
Wed Feb 12, 2020 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Authority/Old National or Optum Bank for HSA? Other?
Replies: 18
Views: 1150

Re: HSA Authority/Old National or Optum Bank for HSA? Other?

I've been with HSA Authority/Old National for about three years now and have been very happy with the service and access to funds.
by TarHeel2002
Tue Feb 11, 2020 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: How to mentally split up this cash? (Efund, new car fund, taxable)
Replies: 10
Views: 669

Re: How to mentally split up this cash? (Efund, new car fund, taxable)

All excellent advice! Thank you! I will look into Ibonds and VWLUX. I like the thought of multi-tier EF structure..something not as risky as VTSAX for second tier. :sharebeer
by TarHeel2002
Tue Feb 11, 2020 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: How to mentally split up this cash? (Efund, new car fund, taxable)
Replies: 10
Views: 669

Re: How to mentally split up this cash? (Efund, new car fund, taxable)

Just curious what your balance sheet looks like. 250k income, 90k spending, 35k? taxes, 56k 401k/mega backdoor?, 12k two IRAs, 12k taxable. That's like 200k/year. You're not putting 50k/year in 529s I assume. 90-95k spend 40k tax 39k 401(k) 12k Roth 7k HSA 18k 529 12k taxable (223k) leaves 25-50k e...
by TarHeel2002
Tue Feb 11, 2020 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: How to mentally split up this cash? (Efund, new car fund, taxable)
Replies: 10
Views: 669

Re: How to mentally split up this cash? (Efund, new car fund, taxable)

Just curious what your balance sheet looks like. 250k income, 90k spending, 35k? taxes, 56k 401k/mega backdoor?, 12k two IRAs, 12k taxable. That's like 200k/year. You're not putting 50k/year in 529s I assume. 90-95k spend 40k tax 39k 401(k) 12k Roth 7k HSA 18k 529 12k taxable leaves 25-50k extra (I...
by TarHeel2002
Tue Feb 11, 2020 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: How to mentally split up this cash? (Efund, new car fund, taxable)
Replies: 10
Views: 669

How to mentally split up this cash? (Efund, new car fund, taxable)

39 y.o. 755k in retirement accounts (401, Roth, HSA, small taxable) 105k in 529 Income 250-275k Maxing retirement accounts and investing a healthy amount toward 529 accounts each month I have 60k cash in high yield savings account. 6 months spending for us is about 45k. We may need a new car in the ...
by TarHeel2002
Sun Feb 09, 2020 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: extra $1,000 per month - does it matter what I do with it?
Replies: 18
Views: 2294

Re: extra $1,000 per month - does it matter what I do with it?

[quote=TarHeel2002 post_id=5010900 time=<a href="tel:1581295819">1581295819</a> user_id=38011] [quote=anon_investor post_id=5010880 time=<a href="tel:1581295265">1581295265</a> user_id=148993] [quote=TarHeel2002 post_id=5010859 time=<a href="tel:1581294832">1581294832</a> user_id=38011] Given the a...
by TarHeel2002
Sun Feb 09, 2020 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: extra $1,000 per month - does it matter what I do with it?
Replies: 18
Views: 2294

Re: extra $1,000 per month - does it matter what I do with it?

Given the above responses, should I shuffle any of this around or just keep plugging away? I feel like I should be adding more to taxable per year somehow? Thanks! 401(k) x 2 = $39,000 Roth IRA x 2 = $12,000 HSA = $7,100 401(k) match = $6,000 VTSAX brokerage = $12,000 529 investing = $18,000 I woul...
by TarHeel2002
Sun Feb 09, 2020 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: extra $1,000 per month - does it matter what I do with it?
Replies: 18
Views: 2294

Re: extra $1,000 per month - does it matter what I do with it?

Given the above responses, should I shuffle any of this around or just keep plugging away? I feel like I should be adding more to taxable per year somehow? Thanks!

401(k) x 2 = $39,000
Roth IRA x 2 = $12,000
HSA = $7,100
401(k) match = $6,000
VTSAX brokerage = $12,000
529 investing = $18,000
by TarHeel2002
Sun Feb 09, 2020 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: extra $1,000 per month - does it matter what I do with it?
Replies: 18
Views: 2294

Re: extra $1,000 per month - does it matter what I do with it?

Horton wrote:
Sun Feb 09, 2020 6:45 pm
Just curious, what are you buying in the brokerage account?
VTSAX
by TarHeel2002
Sun Feb 09, 2020 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: extra $1,000 per month - does it matter what I do with it?
Replies: 18
Views: 2294

extra $1,000 per month - does it matter what I do with it?

39 y.o. married with 3 kids. 755k in retirement assets (mix of 401k, Roth, HSA, small brokerage account) 103k in 529 savings 65k in high yield online savings account income 275k savings rate 75k annually retirement (12k of which goes to my brokerage account at the rate of 1k/month) 18k annually 529 ...
by TarHeel2002
Thu Jan 23, 2020 2:31 pm
Forum: Personal Investments
Topic: VFORX or this?
Replies: 13
Views: 513

Re: VFORX or this?

75K/yr in contributions could be mostly tax advantaged if one has Solo 401k and two IRAs, leaving a little room for contributions to taxable. If single with 19K 401k contribution and 6K IRA, that's a large taxable contribution which leans towards tax efficient fund placement. 63k per year tax advan...
by TarHeel2002
Thu Jan 23, 2020 2:26 pm
Forum: Personal Investments
Topic: VFORX or this?
Replies: 13
Views: 513

Re: VFORX or this?

You indicated that your assets are mostly in retirement accounts. If there is a portion of the portfolio in taxable accounts, using separate funds is more tax efficient, mainly to avoid holding taxable bond funds in the taxable account. If using separate funds in the taxable account, it may also ma...
by TarHeel2002
Thu Jan 23, 2020 2:10 pm
Forum: Personal Investments
Topic: VFORX or this?
Replies: 13
Views: 513

Re: VFORX or this?

I would immediately pick the 3-fund portfolio. It's not really difficult to rebalance according to your desired asset allocation, takes all of 15 minutes per year. The important thing is the self-discipline, that you will not tinker the asset allocation on a daily basis. Re-balancing once an year i...
by TarHeel2002
Thu Jan 23, 2020 2:03 pm
Forum: Personal Investments
Topic: VFORX or this?
Replies: 13
Views: 513

VFORX or this?

I am looking at one of two choices for my retirement portfolio. I am 39 y.o. with 750k of investments mostly in tax advantaged retirement accounts. I plan to add 65-75k annually going forward and hope to have the option to retire at 55-60ish. 1. Vanguard Target Date Retirement 2040 fund (VFORX) 83.2...
by TarHeel2002
Sun Jan 19, 2020 7:35 pm
Forum: Personal Investments
Topic: How much to hold in international equities (VTIAX)?
Replies: 248
Views: 15315

Re: How much to hold in international equities (VTIAX)?

Thank you for the lively discussion! I love this forum. So many knowledgeable people. I decided to go 20% (of my equity holdings) VTIAX for now. I am considering inching it up to 25% perhaps.

Thanks again!

:beer
by TarHeel2002
Sat Jan 18, 2020 11:25 am
Forum: Personal Investments
Topic: Why are Vanguard Target Retirement dates tilted toward equities?
Replies: 22
Views: 1566

Why are Vanguard Target Retirement dates tilted toward equities?

I am 39 years old. If I were to select a Vanguard Target Retirement Date Fund I would probably go with VFORX (Target 2040). The equity holding in this fund is currently 83.2%. Some would say that percentage of equity holdings would be too much for someone my age if I were building my own portfolio. ...
by TarHeel2002
Thu Jan 16, 2020 8:14 pm
Forum: Personal Investments
Topic: How much to hold in international equities (VTIAX)?
Replies: 248
Views: 15315

Re: How much to hold in international equities (VTIAX)?

I had a hard time intentionally putting international into my portfolio. It was fine when my main holding was lifestrategy and I took what what was given. Once I sliced n diced I had a hard time including int. started at 5% and slowly crept it to 20% over the course of 3 months. I don’t really want...
by TarHeel2002
Thu Jan 16, 2020 2:54 pm
Forum: Personal Investments
Topic: How much to hold in international equities (VTIAX)?
Replies: 248
Views: 15315

Re: How much to hold in international equities (VTIAX)?

ha ha...yeah it's tough to get excited about it when the US market has been on such a tear. Looking back a few years it seems like VTIAX only goes sideways... :oops:
by TarHeel2002
Thu Jan 16, 2020 2:06 pm
Forum: Personal Investments
Topic: How much to hold in international equities (VTIAX)?
Replies: 248
Views: 15315

How much to hold in international equities (VTIAX)?

I am sure this topic has been thoroughly discussed somewhere - but what percentage of international equities (VTIAX) roughly would you recommend a 39 year old hold in their portfolio? I was thinking 5-10%? Thanks! :sharebeer
by TarHeel2002
Wed Jan 15, 2020 10:05 pm
Forum: Personal Investments
Topic: Investing guidance - New Vanguard 401(k) Plan
Replies: 1
Views: 287

Investing guidance - New Vanguard 401(k) Plan

My small business recently converted our 401(k) plan to Vanguard / Ascensus. I am pretty excited about the prospect of lower fees across the board and access to many Vanguard index funds. I was hoping for a little guidance going forward. Here are the details. Emergency funds: 40k (separate from port...
by TarHeel2002
Sun Dec 29, 2019 7:52 am
Forum: Personal Finance (Not Investing)
Topic: minivan purchase or wait?
Replies: 9
Views: 618

minivan purchase or wait?

39 y.o. married with three kiddos (8,6 and infant). I will have 25-30k cash available to purchase a new car next month from year end bonus. Currently driving a 14 year old Camry and 9 year old Highlander that are running just fine. Considering new Sienna purchase in 2020 that will be 35k and trading...
by TarHeel2002
Fri Dec 06, 2019 3:54 pm
Forum: Personal Investments
Topic: VTSAX vs VFIAX
Replies: 6
Views: 1163

VTSAX vs VFIAX

I will be moving over to a new 401(k) plan next month and have access to several core Vanguard funds. Previously I used a VFIAX (S&P 500 equivalent) in my old 401(k) plan because it gave me the best exposure to domestic equities at the cheapest fund cost. Now I have access to VTSAX and VFIAX (among ...
by TarHeel2002
Sun Dec 01, 2019 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: critique me please
Replies: 3
Views: 779

critique me please

39 y.o. married w/3 kids 8, 6 and 0 Small business owner / professional. Income: 270-300k Debts: 175k Owner occupied professional building 15 year note 4.75% fixed $1616 monthly payment (12 years remain). Schedule E deduction. Cannot sell currently as I operate my business out of this space. Eventua...
by TarHeel2002
Mon Oct 14, 2019 7:33 pm
Forum: Personal Investments
Topic: going cash for 3 months 401(k)
Replies: 9
Views: 1765

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: 2973

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: 2973

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: 2973

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: 2899

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: 2899

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: 2899

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: 511

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: 511

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: 1051

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: 1051

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: 5698

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: 1824

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: 1824

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: 72
Views: 8830

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: 72
Views: 8830

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: 72
Views: 8830

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: 6678

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: 6678

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: 703

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: 614

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: 1723

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...