Search found 296 matches

by berg
Thu Sep 03, 2020 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: ISO exercise strategy
Replies: 14
Views: 1068

Re: ISO exercise strategy

bump :D
by berg
Tue Sep 01, 2020 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: ISO exercise strategy
Replies: 14
Views: 1068

ISO exercise strategy

I’d love your thoughts on my ISO situation. I believe typically the standard advice here is not to exercise if it is a significant cost and the shares aren’t fully liquid. My company is private with a mutli billon dollar valuation, on a path to IPO in the next few years (but who knows for sure). It ...
by berg
Wed Aug 26, 2020 6:58 am
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1704
Views: 221600

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 opti...
by berg
Sun Aug 23, 2020 8:45 am
Forum: Personal Investments
Topic: Any reason not to rollover inherited 403b to IRA?
Replies: 5
Views: 457

Any reason not to rollover inherited 403b to IRA?

Hi there - I'm helping my mom streamline her finances. She is 75 and retired living in Massachusetts. She inherited a 403b from my step father when he passed away a few years ago. It is in a target date fund at Fidelity and she receives RMD from it. It has about $45k in it and she does not need the ...
by berg
Tue Jun 30, 2020 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 6782
Views: 449827

Re: Refinance Mega Thread

Hi all - this thread has been so helpful. I can't believe I am even here, I refi'd last October from 3.75% to 3.25%! Anyway - would love any thoughts comparing these two options. Both LenderFi and Loan Depot are offering me 30 year 2.75% no closing costs. Loan Depot is actually coming out with a cr...
by berg
Tue Jun 30, 2020 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Where to take funds for mortgage pay down?
Replies: 4
Views: 426

Re: Where to take funds for mortgage pay down?

Thanks! Makes sense to me and was my plan, but wanted to sanity check. At age 37 and a taxable account that I opened seven years ago -- this is my first time selling. So it feels weird! But feels like especially no big deal given I am just moving the money from a long term investment account to home...
by berg
Tue Jun 30, 2020 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Where to take funds for mortgage pay down?
Replies: 4
Views: 426

Where to take funds for mortgage pay down?

To refinance my mortgage to a lower rate, I am paying down the loan about $16,000 so it becomes conforming. I have two options to fund this: Break one of my emergency fund CDs, Ally 5 year @ 3%, scheduled to mature in September 2023 Sell from my ~$411k taxable account, I have tax losses that would o...
by berg
Tue Jun 30, 2020 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 6782
Views: 449827

Re: Refinance Mega Thread

Hi all - this thread has been so helpful. I can't believe I am even here, I refi'd last October from 3.75% to 3.25%! Anyway - would love any thoughts comparing these two options. Both LenderFi and Loan Depot are offering me 30 year 2.75% no closing costs. Loan Depot is actually coming out with a cr...
by berg
Mon Jun 29, 2020 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 6782
Views: 449827

Re: Refinance Mega Thread

Hi all - this thread has been so helpful. I can't believe I am even here, I refi'd last October from 3.75% to 3.25%! Anyway - would love any thoughts comparing these two options. Both LenderFi and Loan Depot are offering me 30 year 2.75% no closing costs. Loan Depot is actually coming out with a cre...
by berg
Tue Jun 23, 2020 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance, but need to pay loan down $15k to get rate?
Replies: 16
Views: 1221

Re: Refinance, but need to pay loan down $15k to get rate?

Maybe I'm going crazy, but can't resist considering a refi. I refied only a year ago to get down to 3.25%. I was offered 3% - zero closing costs, but only if I can drop my loan from $525k today to $510k. If you refinance now at 3% then that may mean that it may not be cost effective to refinance ag...
by berg
Mon Jun 22, 2020 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance, but need to pay loan down $15k to get rate?
Replies: 16
Views: 1221

Re: Refinance, but need to pay loan down $15k to get rate?

Another way to look at it - if you don't do it that is like having an 8% loan on $15000 Can you help me with the math there? I don't follow. Only thing is, from a cash flow perspective, I would need to sell some of my taxable investments to cover the $15k - not sure it matters since money is fungib...
by berg
Mon Jun 22, 2020 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance, but need to pay loan down $15k to get rate?
Replies: 16
Views: 1221

Refinance, but need to pay loan down $15k to get rate?

Maybe I'm going crazy, but can't resist considering a refi. I refied only a year ago to get down to 3.25%. I was offered 3% - zero closing costs, but only if I can drop my loan from $525k today to $510k. Is it worth considering it or am I overthinking at such a small difference in rate? Our plan is ...
by berg
Mon Jun 01, 2020 9:36 am
Forum: Personal Investments
Topic: Help checking over retirement path plan
Replies: 5
Views: 700

Re: Help checking over retirement path plan

bump - would love any thoughts from the bogleheads, even if it just all looks good, makes sense. thanks!!
by berg
Sun May 31, 2020 9:54 am
Forum: Personal Investments
Topic: Help checking over retirement path plan
Replies: 5
Views: 700

Re: Help checking over retirement path plan

Perhaps after 18 years of teaching, she will be ready to retire, and you might want to work toward affording that earlier retirement. Once the kids are out of college, those could be prime years for travel or other experiences, at the price of a lower pension. Perhaps and this would be a great choi...
by berg
Fri May 29, 2020 11:31 am
Forum: Personal Investments
Topic: Help checking over retirement path plan
Replies: 5
Views: 700

Help checking over retirement path plan

I've been running the numbers and want to see if I'm missing anything or something doesn't sound right to the brilliant folks here! Some quick stats: I'm 37 and my wife is 34. We have a 4 year old and a 5 year old. Current net worth ~$1.7M with $1.1M in investments. My wife is a teacher and will nee...
by berg
Mon May 25, 2020 9:40 pm
Forum: Personal Investments
Topic: Calculating today's spending from the future money
Replies: 8
Views: 641

Re: Calculating today's spending from the future money

Would this logic make sense? If we wanted to tack that income on at the end to have no loss in income in retirement, would this be the calculation in today's dollars? I 'd have to earn $101k after taxes. Not quite that much if you start now, invest some additional amount per year, and let compoundi...
by berg
Mon May 25, 2020 9:01 pm
Forum: Personal Investments
Topic: Calculating today's spending from the future money
Replies: 8
Views: 641

Re: Calculating today's spending from the future money

$50k today at 4% nominal returns for 18 years is about $101k. Obviously it is all estimates based on returns, so hard to say. As already noted, using estimated real returns might make the mental gymnastics easier. After you estimate the future value in today's dollars, multiply by whatever you deem...
by berg
Mon May 25, 2020 10:24 am
Forum: Personal Investments
Topic: Calculating today's spending from the future money
Replies: 8
Views: 641

Calculating today's spending from the future money

I have this math problem in my head that I can't quite figure out and wondering if the Bogleheads have a sensible way to think through this. I'm 37 and my wife is 34 and we are on solid footing with our retirement goals. We max our 401k/403bs, backdoor roths, some taxable savings and her teacher's p...
by berg
Tue May 12, 2020 10:31 am
Forum: Personal Investments
Topic: Lump sum annual IRA strategy
Replies: 4
Views: 293

Re: Lump sum annual IRA strategy

Are thou speaking of market timing? By putting in "taxable", you trying to invest through the year and then liquidate and fund the backdoor/IRA in Jan? Money is fungible, where you get it from is immaterial. I would never "invest" money in taxable I need to transfer to Roth in a short period, eithe...
by berg
Tue May 12, 2020 9:43 am
Forum: Personal Investments
Topic: Lump sum annual IRA strategy
Replies: 4
Views: 293

Lump sum annual IRA strategy

For those of you who lump sum your IRAs/Backdoor Roths at once, where do your funds come throughout the year? I have done it the last few years around January 1st from my cash. But I was thinking if there is a more optimal way to do it going forward. What if we put $1000 per month (my wife and I) in...
by berg
Sun Mar 22, 2020 9:57 pm
Forum: Personal Investments
Topic: Holding a little extra cash vs. funding my Roth IRA
Replies: 7
Views: 573

Re: Holding a little extra cash vs. funding my Roth IRA

Does anyone increase e fund during turbulent times? I am as of late. Still contributing to tax sheltered weekly at my set aa. Taxable is on hold as I build up a higher temporary e fund. Once this corona scare is over I’ll lump sum the saved cash, or I might just keep it as an e fund. We’ll see. It ...
by berg
Sun Mar 22, 2020 1:03 pm
Forum: Personal Investments
Topic: Holding a little extra cash vs. funding my Roth IRA
Replies: 7
Views: 573

Re: Holding a little extra cash vs. funding my Roth IRA

Does anyone increase e fund during turbulent times?
by berg
Sun Mar 22, 2020 7:31 am
Forum: Personal Investments
Topic: Holding a little extra cash vs. funding my Roth IRA
Replies: 7
Views: 573

Holding a little extra cash vs. funding my Roth IRA

It's only $12,000, but I can't decide if I'm being irrational. Normally we do our Backdoor Roth the 1st of January. This year, we had a CD maturing March 16th, so I was waiting to use those funds to fund our Roths. Had nothing changed in the world, I would have just transferred the money over the da...
by berg
Tue Feb 25, 2020 10:28 pm
Forum: Personal Investments
Topic: Company stock/options divesting help
Replies: 15
Views: 775

Re: Company stock/options divesting help

If you search my posts you can find me several years back saying I believed in my previous company long term. I really did. They closed today lower than they have in nine years. Take the money and run. It’s a big % of your net worth. Maybe if you want a little skin in the game leave 5-10% of the val...
by berg
Fri Aug 16, 2019 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance...am I missing something?
Replies: 15
Views: 1140

Re: Refinance...am I missing something?

You could pay ahead aggressively a little bit and save the total interest amount just the same as a 1/8 point no cost refinance. Why bother? Personally, if it isn't 1/2 a percent point or more difference, it's not even worth my time. Everyone's different that way though. We don’t plan to pay down e...
by berg
Fri Aug 16, 2019 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance...am I missing something?
Replies: 15
Views: 1140

Re: Refinance...am I missing something?

deikel wrote: Fri Aug 16, 2019 2:44 pm You are missing the opportunity cost: The 6500 you are plunking down don't generate money for you anymore making your break even more like 3.5 years
That is a good point - though at current savings rates, the breakeven still doesn't feel that long for a home we plan to be in for 20+ more years.
by berg
Fri Aug 16, 2019 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance...am I missing something?
Replies: 15
Views: 1140

Re: Refinance...am I missing something?

How do you have so much equity so fast? Are you prepaying? If so maybe a 7/1 arm makes more sense. We put down $380k on the purchase. Original loan was $550k. We do not prepay - at 3.625% we chose to invest in taxable instead. I'd prefer to keep the 30 year, though would maybe pay it down in such a...
by berg
Fri Aug 16, 2019 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance...am I missing something?
Replies: 15
Views: 1140

Refinance...am I missing something?

I am 21 months in to a 30 year mortgage with a rate of 3.625%. Home value is about $950k, currently owe about $532k. Current monthly P&I = $2,508. I just talked to the mortgage guy I used for my purchase. He can get me down to 3.375% with $3500 in closing costs. This gets me a monthly P&I of $2,352,...
by berg
Fri Aug 16, 2019 7:53 am
Forum: Personal Investments
Topic: Helping widowed mother with plan
Replies: 15
Views: 1468

Re: Helping widowed mother with plan

Thanks all for all your help and feedback! I think we are ready to move the money from cash to an investment fund. A first for my mother in her 74 years! For simplicity, thinking of just opening a Fidelity account for her and putting it in a single fund -- FFGFX -- Fidelity Freedom® Index 2005 Fund,...
by berg
Fri Aug 16, 2019 7:37 am
Forum: Personal Investments
Topic: Helping widowed mother with plan
Replies: 15
Views: 1468

Re: Helping widowed mother with plan

I'd consider a cash-out refinance on the rental property. Reduce that rental cash flow to 0 and let that rental property run at a tax loss. Hold it for the step up in basis upon death. That would give her a chunk of liquid cash without possible tax consequences of selling the 10-year rental propert...
by berg
Thu Aug 15, 2019 8:02 am
Forum: Personal Investments
Topic: Helping widowed mother with plan
Replies: 15
Views: 1468

Re: Helping widowed mother with plan

Using 4% SWR: the $185k invested today = $7,400 per year of $600 per month and the $256k invested in in the trust is another $10,000 per year or ~$833 per month. When you take this, her rental income, and her pension, I have her running a deficit of $100 to $600 per month. Only thing really to do t...
by berg
Wed Aug 14, 2019 3:44 pm
Forum: Personal Investments
Topic: Helping widowed mother with plan
Replies: 15
Views: 1468

Re: Helping widowed mother with plan

Overall your mom’s financial picture is fine. Even though she only has $255k in liquid assets at age 74, she has LTC insurance, a pension that covers most of her expenses, an inheritance and she has a house and rental property that she can always sell/reverse mortgage. I think your plan for the $25...
by berg
Wed Aug 14, 2019 3:35 pm
Forum: Personal Investments
Topic: Helping widowed mother with plan
Replies: 15
Views: 1468

Re: Helping widowed mother with plan

In general, getting the $185K + $256K (64K x 4) into an investment portfolio and taking, say, 6% of portfolio balance per year covers her shortfall. Other commenters, see my expansion in the third paragraph below before reacting to the 6% suggestion, I am working from the Merriman information. I wo...
by berg
Wed Aug 14, 2019 11:22 am
Forum: Personal Investments
Topic: Helping widowed mother with plan
Replies: 15
Views: 1468

Helping widowed mother with plan

I’m trying to help my mom consolidate her assets and come up with a plan for her. She is 74 years old and has never really done much to manage her own finances. She was widowed from my step-father about a two years ago and I’m trying to help her feel comfortable with her plan going forward. I posted...
by berg
Mon Mar 18, 2019 5:30 am
Forum: Personal Consumer Issues
Topic: Am I being cheap? Wife wants a minivan, but I want to hold off
Replies: 170
Views: 9231

Re: Am I being cheap? Wife wants a minivan, but I want to hold off

Wow. After years of posting on this forum, I think my minivan post has generated the most replies! And despite me originally posting it to the Personal Investments board by accident! Thank you all for your feedback. It is always good to bounce thinking off this forum. It amazes me how these types of...
by berg
Sun Mar 17, 2019 9:20 am
Forum: Personal Consumer Issues
Topic: Am I being cheap? Wife wants a minivan, but I want to hold off
Replies: 170
Views: 9231

Re: Am I being cheap? Wife wants a minivan, but I want to hold off

Pickle11 wrote: Sun Mar 17, 2019 9:17 am Can you upgrade your car and keep the CR-V?.
I have a 2012 Subaru Legacy with only 47k miles. So wouldn’t really makes sense to trade that and keep the CR-V.
by berg
Sun Mar 17, 2019 9:13 am
Forum: Personal Consumer Issues
Topic: Am I being cheap? Wife wants a minivan, but I want to hold off
Replies: 170
Views: 9231

Am I being cheap? Wife wants a minivan, but I want to hold off

Hello fellow Bogleheads! Can you help me decide if I am being practical or cheap? Of course, it is subjective but would love a sanity check from the hive mind. My wife drives a 2009 Honda CR-V with 79,000 miles on it (probably $5k trade-in). We have a 3-year-old and 4.5-year-old. She very much wants...
by berg
Sun Mar 17, 2019 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Elderly parent on path to run out of money in 6 months
Replies: 35
Views: 9980

Re: Elderly parent on path to run out of money in 6 months

OP here! Wow, this thread was resurrected. Within a year of the original post my father suffered a deep decline in his health. At the time of my post, he was on a path to only have his limited income barely his expenses. What I feared in my original post was a catastrophic event. It turns out the ca...
by berg
Wed Feb 06, 2019 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Helping widowed mother come up with a plan
Replies: 21
Views: 1853

Re: Helping widowed mother come up with a plan

So just trying to recap, would the general consensus be to compare for her a SIPA vs. VTINX? What do you think the best way to compare those is?
by berg
Sun Feb 03, 2019 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Helping widowed mother come up with a plan
Replies: 21
Views: 1853

Re: Helping widowed mother come up with a plan

Thanks all for your thoughts. As always, very helpful perspective. I am in the accumulation phase myself, so I feel like I haven't spent as much time thinking on this end of things. She understands there is risk in owning a rental, but she feels much more comfortable with that than the stock market...
by berg
Sun Feb 03, 2019 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Helping widowed mother come up with a plan
Replies: 21
Views: 1853

Re: Helping widowed mother come up with a plan

Thanks all for your thoughts. As always, very helpful perspective. I am in the accumulation phase myself, so I feel like I haven't spent as much time thinking on this end of things. She understands there is risk in owning a rental, but she feels much more comfortable with that than the stock market....
by berg
Sat Feb 02, 2019 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Helping widowed mother come up with a plan
Replies: 21
Views: 1853

Re: Helping widowed mother come up with a plan

A lot of great questions. Thanks all! You mentioned selling the property and buying a fixed annuity. There are many things available that are called a "fixed annuity". Did you actually mean Single Premium Immediate Annuity? That is what many people here would recommend for a risk averse 73 year old ...
by berg
Sat Feb 02, 2019 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Helping widowed mother come up with a plan
Replies: 21
Views: 1853

Re: Helping widowed mother come up with a plan

Is any of her nest egg in Roth or IRA? You did not say. I am not sure you should suggest she do anything beyond making sure that cash is in a ladder of CDs. I bet some part of her current $$ is invested in stocks. So find out what $$ are invested in what and where first. It is all cash. She has no ...
by berg
Sat Feb 02, 2019 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Helping widowed mother come up with a plan
Replies: 21
Views: 1853

Helping widowed mother come up with a plan

I’m trying to help my mom consolidate her assets and come up with a plan for her. She is 73 years old and has never really done much to manage her own finances. She was widowed from my step-father about a year ago and I’m trying to help her feel comfortable with her plan going forward. Assets Cash: ...
by berg
Wed Jan 16, 2019 10:38 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 61336

Re: John Bogle has died at age 89

Thank you, Mr Bogle. What a legacy.
by berg
Sat Dec 22, 2018 9:10 am
Forum: Personal Investments
Topic: TLH right after dividend payments
Replies: 9
Views: 753

TLH right after dividend payments

I was taking a look at my taxable account this morning and between VLCAX and VTIAX I have about $26k in losses (lucky me!). Dividends were paid out yesterday across my taxable and roth accounts for about $3k. Do I understand correctly that if I TLH the $26k, the only impact of the $3k is that it bec...
by berg
Thu Oct 11, 2018 9:44 pm
Forum: Personal Investments
Topic: Tax loss harvest VTSAX -> VLCAX
Replies: 10
Views: 1270

Re: Tax loss harvest VTSAX -> VLCAX

Yes, the wash would apply to the shares purchased with the $288 and $155, so the dollar amount will likely be much much smaller than $443. And yes, you would have to make a small change to your tax return as shown elsewhere on the forum. So seems like a no brainer to do it? Feel like I'm missing so...
by berg
Thu Oct 11, 2018 9:31 pm
Forum: Personal Investments
Topic: Tax loss harvest VTSAX -> VLCAX
Replies: 10
Views: 1270

Re: Tax loss harvest VTSAX -> VLCAX

You have a choice: 1. Wait to TLH in taxable because the shares bought in the IRAs will create wash sales -or- 2. Don't wait to TLH and show the disallowed loss on your tax return. Am I understanding correct that the wash would only apply to the $288 + $155. So still looking at a $7500 TLH? The cat...
by berg
Thu Oct 11, 2018 9:25 pm
Forum: Personal Investments
Topic: Tax loss harvest VTSAX -> VLCAX
Replies: 10
Views: 1270

Re: Tax loss harvest VTSAX -> VLCAX

Nicely done! As livesoft (the TLH master in my eyes) alluded to, as long as you sell the dividend too, you will not have generated a wash sale. Vanguard may show it as such (I've seen this when selling multiple lots) but the effect will be no wash. You mentioned VTSAX lot is all you have in taxable...
by berg
Thu Oct 11, 2018 9:04 pm
Forum: Personal Investments
Topic: Tax loss harvest VTSAX -> VLCAX
Replies: 10
Views: 1270

Tax loss harvest VTSAX -> VLCAX

So about a month ago I added a lump sum to my taxable portfolio. I already owned VLCAX in the account, with lots from 2016. For my recent lump sum I purchased VTSAX and that lot is the only VTSAX I own in my taxable account. With the dip the last few days, I have a loss of about $8k right now. Any r...