Search found 82 matches

by PhillyPhan
Wed Oct 14, 2020 6:05 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1760
Views: 230146

Re: Post your Financial Milestone Announcements Here

My wife & I (41/40) reached the two comma club today ! This would not have been possible without the valuable knowledge I gained from this forum. A very big thank you to all you outstanding folks ! This is the only place I'm sharing my news. Thanks you once again ! I hit over a million today! This ...
by PhillyPhan
Thu Sep 24, 2020 1:24 pm
Forum: Personal Consumer Issues
Topic: New 2020 Acura TLX?
Replies: 39
Views: 3598

Re: New 2020 Acura TLX?

Any Bogleheads have the Acura TLX? How do you like it? What is your experience? I've been looking for a vehicle and the 2020 Acura TLX has incredible closeout deals (~25% off in some cases!!). I'm looking at a new V6 FWD Tech trim as a more comfortable and upscale daily driver to my Accord. I'm par...
by PhillyPhan
Thu Sep 24, 2020 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Wage Tax - New York City and Philadelphia
Replies: 4
Views: 775

Re: Wage Tax - New York City and Philadelphia

My wife works in Philadelphia but has been remote since March, we live in one of the suburban counties next door. No Philly wage tax for months, possibly forever, and yes, it feels good. It's a 2%+ pay raise net of our home township taxes, not to mention her monthly train pass, train parking pass, ...
by PhillyPhan
Tue Sep 15, 2020 2:17 pm
Forum: Personal Consumer Issues
Topic: Coping with Megacorp rat race
Replies: 168
Views: 16386

Re: Coping with Megacorp rat race

Great thread and just wanted to chime in with some food for thought. From my view, there is a greater probability for middle managers to be subject to downsizing after 3-5 years in their role if they are not on the radar for promotion or advancement. I have seen steady eddies who are effective in th...
by PhillyPhan
Sat Aug 29, 2020 11:17 pm
Forum: Personal Consumer Issues
Topic: Sit and Stand desk + a regular desk?
Replies: 15
Views: 908

Re: Standing desk + a regular desk?

I would recommend a 48 inch wide standing desk. https://www.amazon.com/Flexispot-EC1W-R4830W-Electric-Adjustable-Standing/dp/B07W42DSG8/ref=sr_1_2?dchild=1&keywords=Tresanti&qid=1598760979&sr=8-2 I purchased something similar to this desk at Costco on sale for $230 and it has served me well. Standin...
by PhillyPhan
Sat Aug 29, 2020 8:59 pm
Forum: Personal Consumer Issues
Topic: Buying router from other than internet provider
Replies: 25
Views: 2021

Re: Buying router from other than internet provider

Even if you buy new, maybe look into the warranty, our router modem (Netgear) is no longer functioning after 8 months.
by PhillyPhan
Fri Aug 28, 2020 8:30 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1760
Views: 230146

Re: Post your Financial Milestone Announcements Here

Just crossed 1MM today. Started in 2008 with ~(136K) - that's 136K of a hole named student loans. In last 12 years, moved a couple of times, stayed in 3 apartments and two homes, had twins, suffered career shock, did well in eventual career, checked this site every so often to remind myself to not ...
by PhillyPhan
Fri Aug 28, 2020 8:28 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1760
Views: 230146

401k in 401k

I passed 401k in my 401k at market close today. I can vividly remember reading Madbrain's post on this same accomplishment several years ago (Oct 2013) and thinking how far away it felt for me. At the time of his post I had around 80k in my 401k. 401k in my 401k felt miles away. This board has been ...
by PhillyPhan
Wed Aug 26, 2020 6:52 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1760
Views: 230146

Re: Post your Financial Milestone Announcements Here

davidsorensen32 wrote: Wed Aug 26, 2020 5:59 pm So far this year my networth has increased $1,000 every day from 1/1 through today. How’s that for a milestone ?
Love it! - You can honestly say "I made a G today" - name that artist
by PhillyPhan
Wed Aug 26, 2020 5:43 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1760
Views: 230146

Re: Post your Financial Milestone Announcements Here

With the recent uptick in the markets, we simultaneously passed a few milestones, we (okay, my wife doesn't care as much as long as I tell her we are on track :D ) We re 37 and 35 with two kids and feel good to be on our way to FI some day. Passed $1.9M in net worth (>$2M if I count some vested opt...
by PhillyPhan
Mon Aug 24, 2020 7:11 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1760
Views: 230146

Re: Post your Financial Milestone Announcements Here

We reached $4M in investable assets this month. Almost to our goal of $4.4M, where we will take a gap year. When we return, I will only work part-time. As a bonus: should hit $5M in total net worth in the next couple of months, if I include the value of our home and childrens' 529s (I know, a stret...
by PhillyPhan
Mon Aug 24, 2020 7:07 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1760
Views: 230146

Re: Post your Financial Milestone Announcements Here

With the rise in the markets today, my investments have exceeded 500k. :sharebeer For some perspective almost 3 years to the date I reached 250k invested. With the rise in the markets today, my investments have crossed the 600k invested threshold. :sharebeer While I am impressed with the time frame...
by PhillyPhan
Tue Aug 04, 2020 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Closing Costs - A pothole in the road to building wealth
Replies: 10
Views: 986

Re: Closing Costs - A pothole in the road to building wealth

delamer wrote: Tue Aug 04, 2020 1:29 pm 5% in closing costs to buy a home?

In my area, 1.5% to 2.0% is more like it.
I am including the pre-paid items, taxes, title insurance, cap contribution for an HOA.
by PhillyPhan
Tue Aug 04, 2020 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Closing Costs - A pothole in the road to building wealth
Replies: 10
Views: 986

Re: Closing Costs - A pothole in the road to building wealth

My home has been a buy-and-hold decision for 30 years when my husband and I were in our mid-30s. I hope to live here happily and healthily, hale and hearty for however many years remain to me. Our down payment was about 45%, which significantly reduced our closing costs, some of which were proporti...
by PhillyPhan
Tue Aug 04, 2020 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Closing Costs - A pothole in the road to building wealth
Replies: 10
Views: 986

Closing Costs - A pothole in the road to building wealth

Is it me or does the fact that ~5% of the cost of a home that is due in cash at closing which you will never see again seem like a huge pot hole in the road to building wealth? In my personal situation closing costs are only going to amount to ~2% of my networth, and it still does not sit right with...
by PhillyPhan
Thu Jul 16, 2020 4:26 pm
Forum: Personal Consumer Issues
Topic: Anyone else love this new working from home thing?
Replies: 89
Views: 6469

Re: Anyone else love this new working from home thing?

I think WFH is 100% here to stay. You can’t put that genie back in the bottle. Could be. Or it could be just a transition to automation replacement for these workers. Hardware automation (of jobs where people actually have to do things on site) is likely going to accelerate now with higher cost of ...
by PhillyPhan
Thu Jul 16, 2020 4:13 pm
Forum: Personal Consumer Issues
Topic: Anyone else love this new working from home thing?
Replies: 89
Views: 6469

Re: Anyone else love this new working from home thing?

Work from home is great. I am the type of person who works best in complete silence which is impossible to achieve in the open office environment. A few other nice perks, less money spent on clothing, city wage tax is gone, and you can customize your work space with what works best for you (stand up...
by PhillyPhan
Sat Jul 11, 2020 8:18 pm
Forum: Personal Investments
Topic: Guidance for Mothers retirement
Replies: 17
Views: 1543

Re: Guidance for Mothers retirement

If she is still working, why is she taking SS? Is she within the time frame where she can pay it back and delay until age 70? Does she need those funds to live day to day? Too late to question why she started SS, but she felt it was the appropriate time. I didn't realize she was taking SS. I though...
by PhillyPhan
Sat Jul 11, 2020 5:54 pm
Forum: Personal Investments
Topic: Guidance for Mothers retirement
Replies: 17
Views: 1543

Re: Guidance for Mothers retirement

BarbBrooklyn wrote: Sat Jul 11, 2020 1:03 pm If she is still working, why is she taking SS? Is she within the time frame where she can pay it back and delay until age 70?

Does she need those funds to live day to day?
Too late to question why she started SS, but she felt it was the appropriate time.
by PhillyPhan
Sat Jul 11, 2020 5:53 am
Forum: Personal Investments
Topic: Guidance for Mothers retirement
Replies: 17
Views: 1543

Re: Guidance for Mothers retirement

What type of account is the $150,000 held in? Does she need to withdraw $6,000 per year when her monthly income of $3,100 from SS/pension exceeds her monthly expense of $3,000? Funds are held in a 403b. She will not need to withdraw technically until 70.5 due to RMD's but that is part of my questio...
by PhillyPhan
Sat Jul 11, 2020 5:52 am
Forum: Personal Investments
Topic: Guidance for Mothers retirement
Replies: 17
Views: 1543

Re: Guidance for Mothers retirement

What type of account is the $150,000 held in? Does she need to withdraw $6,000 per year when her monthly income of $3,100 from SS/pension exceeds her monthly expense of $3,000? Funds are held in a 403b. She will not need to withdraw technically until 70.5 due to RMD's but that is part of my questio...
by PhillyPhan
Fri Jul 10, 2020 8:31 pm
Forum: Personal Investments
Topic: Guidance for Mothers retirement
Replies: 17
Views: 1543

Re: Guidance for Mothers retirement

What type of account is the $150,000 held in? Does she need to withdraw $6,000 per year when her monthly income of $3,100 from SS/pension exceeds her monthly expense of $3,000? Funds are held in a 403b. She will not need to withdraw technically until 70.5 due to RMD's but that is part of my questio...
by PhillyPhan
Fri Jul 10, 2020 8:24 pm
Forum: Personal Investments
Topic: Guidance for Mothers retirement
Replies: 17
Views: 1543

Re: Guidance for Mothers retirement

nix4me wrote: Fri Jul 10, 2020 8:07 pm Impossible to answer without knowing what monthly expenses are.
Expenses are are 3,000.00 per month.
by PhillyPhan
Fri Jul 10, 2020 8:00 pm
Forum: Personal Investments
Topic: Guidance for Mothers retirement
Replies: 17
Views: 1543

Guidance for Mothers retirement

My mother is 66 and looking to retire within the next 12 months. She holds around 150k in VTWNX (2020). She will receive around a 1100 in pension and 2000 in SSI. She also has cash on hand for an emergency, around 50k. Owns her home outright and has no debt, home value ~400k. Should she hold her VTW...
by PhillyPhan
Wed Jul 01, 2020 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Rate Options - Which rate to choose
Replies: 1
Views: 267

Mortgage Rate Options - Which rate to choose

I am being offered the following rates and need to make a few decisions. 1. I need to decide if I should lock in at 45 vs. 30 days. Closing is 8/7, so just another 6 days or so and the 30 day lock rates are available. The options as I for a 45 day lock are as follows. 2.875% w/ .375 in pts ($960) fo...
by PhillyPhan
Mon May 18, 2020 5:15 pm
Forum: Personal Consumer Issues
Topic: What kind of sunglasses?
Replies: 107
Views: 6728

Re: What kind of sunglasses?

Costco usually carries the PUMA brand for men which I prefer (30$).

Raybans are also nice and Maui Jims are a step above and great for the beach.
by PhillyPhan
Sun May 17, 2020 11:39 am
Forum: Personal Finance (Not Investing)
Topic: How to decide on what type of Housing is most appropriate? DINKS - Late 30s
Replies: 18
Views: 1567

Re: How to decide on what type of Housing is most appropriate?

DINKS here, now retired. Went from the square footage you have to a nice townhouse we rented with lots of outdoor space. Then bought a large home with all the attendant labor and expense, including a yard that we neither used nor enjoyed maintaining. Back to renting a small space, then into another...
by PhillyPhan
Sun May 17, 2020 11:02 am
Forum: Personal Finance (Not Investing)
Topic: How to decide on what type of Housing is most appropriate? DINKS - Late 30s
Replies: 18
Views: 1567

Re: How to decide on what type of Housing is most appropriate?

Do you normally WFH (assuming not, at least not full-time)? One day (sooner than later, I hope), most will go back to work away from home and places like gyms will reopen. I wouldn’t evaluate your need for additional space based on current temporary circumstances. Sounds like you’re tied to the are...
by PhillyPhan
Sun May 17, 2020 10:05 am
Forum: Personal Finance (Not Investing)
Topic: How to decide on what type of Housing is most appropriate? DINKS - Late 30s
Replies: 18
Views: 1567

Re: How to decide on what type of Housing is most appropriate?

Are you looking forward to lawn care? Do you entertain a lot? 700 is pretty spacious for a one bedroom, what is it you are trying to expand on? Number of bedrooms? Division of common space? Office Space? Outdoor space? These DINKs like townhouse and garden apartment living, especially with the amen...
by PhillyPhan
Sun May 17, 2020 8:20 am
Forum: Personal Finance (Not Investing)
Topic: How to decide on what type of Housing is most appropriate? DINKS - Late 30s
Replies: 18
Views: 1567

How to decide on what type of Housing is most appropriate? DINKS - Late 30s

My wife and I are are ready to move on from renting mostly due to the size of our apartment (700 sq ft). The dilemma we are facing is deciding on the most appropriate (bogleheadish) next step. We are DINKS in our late 30's, low probability of children, but not exactly 0%, and if we did have them we ...
by PhillyPhan
Thu Mar 26, 2020 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Is this what a Mr. Money Mustache Economy would look like?
Replies: 5
Views: 1301

Re: Is this what a Mr. Money Mustache Economy would look like?

livesoft wrote: Thu Mar 26, 2020 8:15 am Yes, I think so. However, most of these 3+ million filers for unemployment will not start early retirement blogs.
In hindsight, is it safe to say his recommendations for "fluff" economic activity (in his view) were reckless or not?
by PhillyPhan
Thu Mar 26, 2020 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Is this what a Mr. Money Mustache Economy would look like?
Replies: 5
Views: 1301

Is this what a Mr. Money Mustache Economy would look like?

There has always been a response to MMM principals that if everyone embraced them the economy would suffer. Now I understand this is extreme as MMM principals would not shut down schools and other businesses, however it does seem similar in a way (no dining out, shopping, gasoline, etc.).
by PhillyPhan
Thu Feb 13, 2020 6:25 pm
Forum: Personal Investments
Topic: Any Reason to Wait?
Replies: 16
Views: 2427

Re: Any Reason to Wait?

If you have a bunch of cash, put $6k in your Roth IRA for 2020. 2019 is still open if you haven't filed your 2019 taxes yet. Put some of the cash in your checking account and max out your pre-tax 401k. $19,500. Any match does not count toward the max. Be sure to set aside an Emergency Fund. You are...
by PhillyPhan
Tue Feb 11, 2020 1:06 pm
Forum: Investing - Theory, News & General
Topic: The 1986-2000 Stock Market Run Up
Replies: 19
Views: 1830

The 1986-2000 Stock Market Run Up

I recently celebrated my father's 74th birthday. He was my age in 1986. I was curious to think about how the market treated him for the years proceeding his 39th birthday. When I look back at the returns from 1986 to 2000 I was shocked to see that the S&P yielded an average of 17.98%! I would be hap...
by PhillyPhan
Fri Jan 31, 2020 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Employer HSA contributions - Taxed as "wage" at City level
Replies: 26
Views: 1625

Re: Employer HSA contributions - Taxed as "wage" at City level

The tax is defined as "wage tax". This is not a wage, so how can they treat it as such.
by PhillyPhan
Fri Jan 31, 2020 7:03 am
Forum: Personal Finance (Not Investing)
Topic: Employer HSA contributions - Taxed as "wage" at City level
Replies: 26
Views: 1625

Re: Employer HSA contributions - Taxed as "wage" at City level

I would be curious to know if the OP was able to figure this out. I am in a similar situation. My employer does not treat its contribution to my HSA as taxable for the purposes of the Philly wage tax, but my wife's employer does. I wasn't able to find anything online about the tax treatment of empl...
by PhillyPhan
Thu Jan 30, 2020 11:50 pm
Forum: Personal Finance (Not Investing)
Topic: How does someone know whether they would enjoy being a manager?
Replies: 59
Views: 4412

Re: How does someone know whether they would enjoy being a manager?

I have such a strong distaste for management and dislike most of the middle-managers at my company, because you can tell they are faking something about their personality. I have received performance ratings that would indicate I could apply for a promotion, but the raise is not meaningful enough v...
by PhillyPhan
Thu Jan 30, 2020 11:47 pm
Forum: Personal Finance (Not Investing)
Topic: How does someone know whether they would enjoy being a manager?
Replies: 59
Views: 4412

Re: How does someone know whether they would enjoy being a manager?

I too am an introvert but made the decision early to move into management simply because of the money. I’m so glad I did. I have wavered in my decision over the years as my upper management has ebbed and flowed, but here in the twilight of my career I understand it was the best choice. I grew into ...
by PhillyPhan
Tue Jan 28, 2020 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: $3 million the new rule of thumb?
Replies: 653
Views: 51677

Re: $3 million the new rule of thumb?

There are several folks in this forum with over 3 million in their mid 40's who feel they still need 2 million more. Curious to hear their thoughts on this.
by PhillyPhan
Tue Jan 21, 2020 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Why retire?
Replies: 267
Views: 17378

Re: Why retire?

This post could be renamed, why voluntarily retire? Since a fair number of folks are pushed into retirement for an assortment of reasons outside of their control, the decision is involuntary. This post got me thinking and about 50 percent of my managers throughout my career have been displaced from ...
by PhillyPhan
Fri Jan 17, 2020 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Employer HSA contributions - Taxed as "wage" at City level
Replies: 26
Views: 1625

Re: Employer HSA contributions - Taxed as "wage" at City level

True but in the spirit of fairness, I would like to ensure that myself and the thousands of others subjected to this are not being cheated.
I am almost certain that my company's payroll tax team is following what the city has instructed them to do.
by PhillyPhan
Thu Jan 16, 2020 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Employer HSA contributions - Taxed as "wage" at City level
Replies: 26
Views: 1625

Re: Employer HSA contributions - Taxed as "wage" at City level

This is the employer contribution. Philadelphia can tax the employee contributions but the employer contribution should not be treated as income. This is exactly what I am questioning. Is this permissible? Similar to a 401k match, can an employer contribution into a tax sheltered account be taxed a...
by PhillyPhan
Thu Jan 16, 2020 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Employer HSA contributions - Taxed as "wage" at City level
Replies: 26
Views: 1625

Re: Employer HSA contributions - Taxed as "wage" at City level

My question is not related to if HSA contributions lower my tax liability for the city wage tax. The question is why would they tax an employer contribution if the IRS has set forth a law that the HSA is a non taxable investment vehicle. Also, how can the city override a federal law?
by PhillyPhan
Thu Jan 16, 2020 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Employer HSA contributions - Taxed as "wage" at City level
Replies: 26
Views: 1625

Employer HSA contributions - Taxed as "wage" at City level

My employer contributes a 400 dollar lump sum once a year in my first pay check. I was told this contribution is subject to our local city wage tax (Philly). I always thought that HSA contributions were triple tax free and I am confused why Philadelphia is collecting on this employer contribution. D...
by PhillyPhan
Sat Dec 28, 2019 10:50 am
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1760
Views: 230146

Re: Post your Financial Milestone Announcements Here

Reached 600k NW as of the markets close on Thursday.

Thanks to the bull market, the time to reach 600k from 500k was ~280 days, which is the fastest 100k yet! :sharebeer
by PhillyPhan
Fri Dec 27, 2019 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1928
Views: 470935

Re: Share your net worth progression

Updating for a small milestone of 600k. :sharebeer

2009 $59,000.00
2010 $62,500.00
2011 $71,100.00
2012 $103,100.00
2013 $150,900.00
2014 $199,500.00
2015 $234,000.00
2016 $306,750.00
2017 $403,500.00
2018 $431,000.00
2019 $600,000.00
by PhillyPhan
Sat Dec 14, 2019 7:56 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1760
Views: 230146

Re: Post your Financial Milestone Announcements Here

KirklandCoug wrote: Fri Dec 13, 2019 4:24 pm Just hit 3 million net worth. Finally. 54.
Congrats!

When you say "finally", was this milestone particularly more difficult to achieve than others?
by PhillyPhan
Sat Nov 16, 2019 4:22 pm
Forum: Personal Consumer Issues
Topic: Best thing you have ever bought?
Replies: 151
Views: 14423

Re: Best thing you have ever bought?

Macbook Air - 2014 - Has provided so much ROI. Purchased for $1000. Stable, quick, super reliable.
by PhillyPhan
Sat Nov 16, 2019 1:26 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1760
Views: 230146

Re: Post your Financial Milestone Announcements Here

With the rise in the markets today, my investments have exceeded 500k. :sharebeer For some perspective almost 3 years to the date I reached 250k invested. Congrats. Back of napkin math, I believe ours went over $750k yesterday, so with home equity we are flirting with 2-comma status. 7yrs ago I was...
by PhillyPhan
Fri Nov 15, 2019 9:36 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1760
Views: 230146

Re: Post your Financial Milestone Announcements Here

With the rise in the markets today, my investments have exceeded 500k. :sharebeer

For some perspective almost 3 years to the date I reached 250k invested.