Search found 3129 matches

by barnaclebob
Wed Jan 16, 2019 5:06 pm
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor Mechanics Clarification - Check Payable to Me
Replies: 16
Views: 1165

Re: Mega Backdoor Mechanics Clarification - Check Payable to Me

My mega backdoor roth check came payable to me this year. I deposited it directly to my roth without problems using the vanguard ap. Just endorsed it "for deposit only" and signed my name. Nothing was withheld but I think my after tax portion was at a loss this year. In any case the vanguard app di...
by barnaclebob
Tue Jan 15, 2019 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford a 50k car? If so, whats the best way to do it?
Replies: 48
Views: 1989

Re: Can I afford a 50k car? If so, whats the best way to do it?

Looks to me like you can afford it. Whether its a good idea depends on how you value $50,000 and how it affects your retirement date.
by barnaclebob
Tue Jan 15, 2019 5:52 pm
Forum: Investing - Theory, News & General
Topic: IOTA the new crypto?
Replies: 9
Views: 615

Re: IOTA the new crypto?

Thats the amount of money you'll have left over after investing in cryptos.
by barnaclebob
Tue Jan 15, 2019 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: A co-worker makes more than me
Replies: 77
Views: 6361

Re: A co-worker makes more than me

How does your company reward seniority? Have they been there longer?
by barnaclebob
Tue Jan 15, 2019 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Lowering Interest?
Replies: 7
Views: 396

Re: Lowering Interest?

First, yes, you would be lowering the amount going to interest and increasing the amount going to principle. Second, step back and look at the big picture. You currently have a negative bond of $110,000 at 3.99 fixed. In your asset allocation, where would 30k have the biggest bang? Equities in tax ...
by barnaclebob
Tue Jan 15, 2019 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Lowering Interest?
Replies: 7
Views: 396

Re: Lowering Interest?

Yep, it would be just like jumping ahead in the amortization schedule by $30,000. You only pay interest on your outstanding balance. As soon as your balance drops, the interest does too. Making a big lump sum also gives you the option to recast your payments back out to the original length of the mo...
by barnaclebob
Tue Jan 15, 2019 1:48 pm
Forum: Investing - Help with Personal Investments
Topic: Mega Backdoor Mechanics Clarification - Check Payable to Me
Replies: 16
Views: 1165

Re: Mega Backdoor Mechanics Clarification - Check Payable to Me

My mega backdoor roth check came payable to me this year. I deposited it directly to my roth without problems using the vanguard ap. Just endorsed it "for deposit only" and signed my name. Nothing was withheld but I think my after tax portion was at a loss this year. In any case the vanguard app did...
by barnaclebob
Tue Jan 15, 2019 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Screwed myself on salary negotiations, how do I get past this?
Replies: 25
Views: 2536

Re: Screwed myself on salary negotiations, how do I get past this?

Don't worry about it. That money would have only grown to a few million by the time you retire :shock:

Seriously though, its water under the bridge. Try to negotiate bigger raises during your annual reviews. Be happy that you like your job.
by barnaclebob
Tue Jan 15, 2019 11:07 am
Forum: Investing - Help with Personal Investments
Topic: Help with the next steps
Replies: 4
Views: 332

Re: Help with the next steps

Personally, Id have them transfer it all to a money market and then divide that out into the 3/4 fund portfolio of your choice through the website. The less the phone reps have to do, the better. Being out of the market for a day or three likely wont hurt you much more than the fees you are now not ...
by barnaclebob
Tue Jan 15, 2019 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Calculating w-2 from last paystub
Replies: 7
Views: 708

Re: Calculating w-2 from last paystub

I just compare the last paycheck of 2017 to my 2017 W2 then repeat for 2018.
by barnaclebob
Mon Jan 14, 2019 2:47 pm
Forum: Investing - Help with Personal Investments
Topic: Scammed into Cash Value Life insurance, now what?
Replies: 5
Views: 874

Re: Scammed into Cash Value Life insurance, now what?

Any reason that you can't just use vanguard or fidelity for your investments to reduce the fees a little bit?
by barnaclebob
Mon Jan 14, 2019 10:37 am
Forum: Personal Consumer Issues
Topic: Best way to heat basement?
Replies: 19
Views: 1977

Re: Best way to heat basement?

Doubling insulation R value cuts the heat loss in half. If you have no insulation in the walls (let's say they are R1) and you put R16 in the walls, the heat lost through the walls will decrease by a factor of 4. Making that wall R32 will reduce the heat loss by a factor of 5 (only a 20% improvemen...
by barnaclebob
Mon Jan 14, 2019 10:34 am
Forum: Personal Consumer Issues
Topic: HomeServe home warranty?
Replies: 6
Views: 624

Re: HomeServe home warranty?

Only get a home warranty if you enjoy arguing with people on the phone. Best case scenario is you get them to actually pay a claim and now you have the lowest bidder working on your house. Hooray You!
by barnaclebob
Mon Jan 14, 2019 10:23 am
Forum: Personal Consumer Issues
Topic: Taking expensive DSLR on kayak?
Replies: 41
Views: 2020

Re: Taking expensive DSLR on kayak?

Since its a tour (I'm assuming with a tour company) You'll probably be on pretty stable kayaks and the most common issue will be from splashes. I'd put it in a waterproof bag between my knees.
by barnaclebob
Mon Jan 14, 2019 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage: 15 vs 30 year
Replies: 56
Views: 3884

Re: Mortgage: 15 vs 30 year

For any loan you pay interest on your principle. Period. The whole idea of "you pay all the interest up front" is just a side effect of having a big balance and a long payoff time. Any principle you accrue will come back to you when you sell so really the holding period doesn't matter. The only diff...
by barnaclebob
Fri Jan 11, 2019 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Saving for Home Down-payment
Replies: 10
Views: 756

Re: Saving for Home Down-payment

You probably wont be able to take years off the process unless your horizon is over 10 years. Maybe months though. How much are your trying to save? I'm trying to save roughly $30-40k for a 20% down-payment on investment property. Would just like to know if there's a recommended faster way to save ...
by barnaclebob
Fri Jan 11, 2019 6:26 pm
Forum: Investing - Help with Personal Investments
Topic: cash
Replies: 13
Views: 1510

Re: cash

Thanks all! Honestly, I don't need the cash for anything. I have zero debt and I own my home. I guess the point of the $250,000 is if theres a market crash (more than 30%) I will deploy more towards the market at that time. What if the market goes up 40% before dropping 30%? Or up 20, down 10, up 2...
by barnaclebob
Fri Jan 11, 2019 6:06 pm
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 156
Views: 12007

Re: Around 43K in dividends last year - feel good about it ?

Why are so many people acting like dividends are optional? I like seeming my dividend amount go up because it means I have more money. My portfolio is set the way I like it and dividends are a fact of life with that portfolio. Sometimes people miss the point on income and taxes. Let's try a fill in ...
by barnaclebob
Fri Jan 11, 2019 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Company relocating and not interested - next steps ?
Replies: 48
Views: 3669

Re: Company relocating and not interested - next steps ?

beyou wrote:
Fri Jan 11, 2019 5:08 pm
The relocation is far enough away that there would be plane tickets involved to shuttle back and forth, not a reasonable distance to drive
on a weekly basis.
How convenient of flights are there? Once you get status on an airline, flying is actually pretty relaxing for the most part.
by barnaclebob
Fri Jan 11, 2019 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Saving for Home Down-payment
Replies: 10
Views: 756

Re: Saving for Home Down-payment

You probably wont be able to take years off the process unless your horizon is over 10 years. Maybe months though. How much are your trying to save?
by barnaclebob
Fri Jan 11, 2019 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Geico auto - used parts??
Replies: 24
Views: 1122

Re: Geico auto - used parts??

By used does he mean junkyard, or just non OEM? Most insurance companies wont pay for OEM parts if suitable alternatives are available. What is important is if the body shop offers a lifetime warranty and that you can use reputable body shops who do quality work.
by barnaclebob
Fri Jan 11, 2019 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Company relocating and not interested - next steps ?
Replies: 48
Views: 3669

Re: Company relocating and not interested - next steps ?

Did you factor staying until they fire you, then collecting unemployment into your calcs?

What about keeping your house and sticking it out in a bare bones apartment in the new location for a couple more years then coming back?

Can you use your brain in a lower paying job in your current location?
by barnaclebob
Fri Jan 11, 2019 11:51 am
Forum: Investing - Help with Personal Investments
Topic: American Funds (No Loads) vs Vanguard Index Funds
Replies: 30
Views: 2133

Re: American Funds (No Loads) vs Vanguard Index Funds

At least a 5.75% load, while egregiously high, would amortize over time. You are just paying that 1.35% over and over and over. No, its 5.75 % thats gone immediately and forever. The amortization routine is the tactic financial advisors use to sell these poor investments. Even if held 20 years, tha...
by barnaclebob
Fri Jan 11, 2019 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 90
Views: 10035

Re: Millionaire by 40 and How you Did it?

I would also like to learn how you became a millionaire by 40 and how you did it? Was it purely large annual income, frugal habits, or both? Also, how rare is a million dollar net worth by 40? 5% of the US population or possibly under 1%? Age 33, wife 32. Both of us born on 3rd base (no student deb...
by barnaclebob
Fri Jan 11, 2019 11:25 am
Forum: Personal Consumer Issues
Topic: What is an appropriate retirement gift?
Replies: 23
Views: 1342

Re: What is an appropriate retirement gift?

I always find it weird to give money or an impersonal gift card like amazon to someone who is announcing to the world that they don't need any more money.

I say give a card and bottle of something to drink.
by barnaclebob
Fri Jan 11, 2019 11:07 am
Forum: Personal Consumer Issues
Topic: Disciplined with finances, but not so with diet
Replies: 217
Views: 9651

Re: Disciplined with finances, but not so with diet

I don't think it is that simple. Some people have bodies that are efficient at converting calories into fat. Some peoples bodies just poop out what is not needed. For simple calories in, vs calories burned accounting, you also have to consider the calories lost in your waste products. I'm lucky, my...
by barnaclebob
Fri Jan 11, 2019 11:00 am
Forum: Personal Consumer Issues
Topic: Disciplined with finances, but not so with diet
Replies: 217
Views: 9651

Re: Disciplined with finances, but not so with diet

What worked for me is using myfitnesspal to track calories, keeping busy after work so you don't notice you are hungry, tracking my weight vs calorie input on a spreadsheet, and reading lots of reddit.com/r/fatlogic. When you track your calories, any new lower calorie diet will naturally gravitate t...
by barnaclebob
Thu Jan 10, 2019 12:51 pm
Forum: Personal Consumer Issues
Topic: Cleaning Car Battery Terminals
Replies: 26
Views: 1542

Re: Cleaning Car Battery Terminals

Any auto parts store, big box store will have a kit to do all this. They are all the same, so no recommendation is needed. Whichever one is cheapest which means including your time, gas, etc, probably Walmart or HomeDepot the next time you go to one. In fact, I don't bother as the white stuff reall...
by barnaclebob
Thu Jan 10, 2019 12:49 pm
Forum: Personal Consumer Issues
Topic: Cleaning Car Battery Terminals
Replies: 26
Views: 1542

Re: Cleaning Car Battery Terminals

I used to have really bad corrosion on my positive terminals until I cleaned them and applied some of this stuff: https://www.amazon.com/NOCO-CB104S-Battery-Corrosion-Preventative/dp/B004AWO4NI/ref=sr_1_3?ie=UTF8&qid=1547142559&sr=8-3&keywords=car+battery+corrosion+prevention No problems for several...
by barnaclebob
Thu Jan 10, 2019 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Safe withdrawal rate to pay for housing expenses
Replies: 13
Views: 933

Re: Safe withdrawal rate to pay for housing expenses

I dont see why it matters? Why cant you just pay the housing expenses with your income? Are you spending all of your income or something? See my response above. To clarify my original numbers, my salary is $215K, the rest is bonus or RSU income. So it would not be affordable on my salary alone. The...
by barnaclebob
Thu Jan 10, 2019 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Safe withdrawal rate to pay for housing expenses
Replies: 13
Views: 933

Re: Safe withdrawal rate to pay for housing expenses

I dont see why it matters? Why cant you just pay the housing expenses with your income? Are you spending all of your income or something?
by barnaclebob
Thu Jan 10, 2019 11:24 am
Forum: Investing - Help with Personal Investments
Topic: Complete Financial Overhaul - help!
Replies: 12
Views: 1500

Re: Complete Financial Overhaul - help!

Is doing a "mega backdoor roth conversion" in your future? If so you may want to avoid having a large IRA balance.
by barnaclebob
Thu Jan 10, 2019 10:50 am
Forum: Personal Consumer Issues
Topic: Best way to match paint?
Replies: 22
Views: 1429

Re: Best way to match paint?

I've had a few really good matches from Sherwin Williams when bringing in a sample from the wall to be painted. The color has almost always been a dead match but sometimes the sheen is a little off. Like someone else said I think they put in a little less color than computer indicates then add a lit...
by barnaclebob
Wed Jan 09, 2019 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Paid off Mortgage...what to do next
Replies: 32
Views: 2683

Re: Paid off Mortgage...what to do next

I would say go out for an expensive meal but it seems you took a few pretty rational shortcuts to pay off the mortgage. Nothing wrong with that so just go out for a modest meal. I'd rebuild the EF to some bare min, say 3 months expenses, 20k or whatever, etc. Then start ramping up retirement savings...
by barnaclebob
Wed Jan 09, 2019 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Recast mortgage?
Replies: 28
Views: 2742

Re: Recast mortgage?

I did not phrase this well and flubbed a cell in my analysis. But the bottom line is that if your recast is small, you could potentially end up with a higher mortgage balance than you otherwise would if you choose to sell the home before the mortgage pays off entirely. In our case that recast amoun...
by barnaclebob
Wed Jan 09, 2019 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: Would your FIRE plan work had your journey started 1965?
Replies: 66
Views: 4409

Re: Would your FIRE plan work had your journey started 1965?

What were bonds and CD's paying during this time. Stocks are only part of the picture. Also any article that doens't include dividends reinvested is garbage and not to be trusted. By the early to mid 70's CD rates were getting up into the 2 digit range. Then I'm guessing the physical bogleheads mes...
by barnaclebob
Wed Jan 09, 2019 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Recast mortgage?
Replies: 28
Views: 2742

Re: Recast mortgage?

I did not phrase this well and flubbed a cell in my analysis. But the bottom line is that if your recast is small, you could potentially end up with a higher mortgage balance than you otherwise would if you choose to sell the home before the mortgage pays off entirely. In our case that recast amoun...
by barnaclebob
Wed Jan 09, 2019 2:31 pm
Forum: Personal Consumer Issues
Topic: Serovital- ????
Replies: 18
Views: 1000

Re: Serovital- ????

Anyone taking "Serovital" from CostCo? <<SeroVital-hgh is an oral anti-aging liquid concentrate that's claimed to contain a special blend of amino acids that can naturally increase human growth hormone (HGH) levels within your body by 682%, resulting in an anti-aging effect (reduced appearance of w...
by barnaclebob
Wed Jan 09, 2019 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard quick to close accounts
Replies: 17
Views: 2418

Re: Vanguard quick to close accounts

Next weeks thread "Vanguard didn't close my old accounts!" "Why would they leave my empty accounts sitting there for scammers and identity thieves to take advantage of when I assumed they'd be closed??? I'm never using Vanguard again!" Stuff happens, move on. its not that big of a deal to open a new...
by barnaclebob
Wed Jan 09, 2019 2:00 pm
Forum: Investing - Help with Personal Investments
Topic: Would your FIRE plan work had your journey started 1965?
Replies: 66
Views: 4409

Re: Would your FIRE plan work had your journey started 1965?

What were bonds and CD's paying during this time. Stocks are only part of the picture. Also any article that doens't include dividends reinvested is garbage and not to be trusted.
by barnaclebob
Wed Jan 09, 2019 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: First-time homebuying
Replies: 17
Views: 1176

Re: First-time homebuying

I guess what I'm a little nervous about is that we can only really put down 10%, and then have to count our 401(k) as our "emergency fund" for the 1-2 years while we recover. Is that an acceptable risk for the reward of not renting given that for those 1-2 years, we should have two income sources? ...
by barnaclebob
Wed Jan 09, 2019 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Is buying a $700K first home crazy?
Replies: 70
Views: 7249

Re: Is buying a $700K first home crazy?

Doesn't look crazy to me.
by barnaclebob
Tue Jan 08, 2019 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Recast mortgage?
Replies: 28
Views: 2742

Re: Recast mortgage?

I've been exploring this of late in a volatile interest rate environment and comparing refinancing options with recasting our 30 year at 4.125, which has ~19 years left. With a recast, if you compare the savings between now and the time you want to move (9 years in our case) in (1) monthly payments...
by barnaclebob
Tue Jan 08, 2019 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: Preservation of capital at Age 93
Replies: 26
Views: 3103

Re: Preservation of capital at Age 93

In my opinion you have no need for risk in the market but you have decent ability to take risk since you live below your pension income. Erosion of buying power due to inflation is always another risk as well. Personally I think a portfolio having anywhere from 30% to 50% in stocks wouldn't be absur...
by barnaclebob
Tue Jan 08, 2019 3:47 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard to stop accepting purchases in Leveraged or Inverse mutual funds]
Replies: 145
Views: 8358

Re: More Nanny State From Vanguard

There have been a number of comments about whether a broker can ban some mutual funds. But my question was whether they could ban ETF's listed on an exchange like NASDAQ. The idea of discriminating by setting a different fee structure is different from a Vanguard actually banning a listed Schwab ET...
by barnaclebob
Tue Jan 08, 2019 2:22 pm
Forum: Investing - Theory, News & General
Topic: Nobody asked me but
Replies: 46
Views: 4586

Re: Nobody asked me but

In general that's the case. However, in a hectic year like 2018, opportunities open up for active. http://i65.tinypic.com/161dwsg.jpg This is a vague statement that financial salesmen like to repeat. There are always opportunities for active managers even in "smooth" years. Its not possible to figu...
by barnaclebob
Tue Jan 08, 2019 2:03 pm
Forum: Personal Consumer Issues
Topic: Comcast didn't deliver as promised
Replies: 16
Views: 1663

Re: Comcast didn't deliver as promised

hicabob wrote:
Tue Jan 08, 2019 1:36 pm
In the future I'd recommend always using the "chat" function to communicate with comcast/cell phone companies/etc . This enables you to have a copy of what was discussed.
+1 I never communicate with cable companies via spoken word.
by barnaclebob
Tue Jan 08, 2019 1:55 pm
Forum: Investing - Help with Personal Investments
Topic: How to prepare for big 401k rollover (time out of the market)?
Replies: 7
Views: 315

Re: How to prepare for big 401k rollover (time out of the market)?

How much would you stand to "lose" from a 3% increase while you are out? Is this a regular yearly rollover? Changing anything in a taxable account will have tax consequences? 3-5% would be 7-10k -- Not regular, just switching jobs and want to keep it simple with everything at Schwab for my new solo...