Search found 594 matches

by Texas hold em71
Sun Feb 07, 2016 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: 529 Question
Replies: 45
Views: 2233

Re: 529 Question

I think you have gotten this answer already but I'll second or third it. We saved enough in 529s to fund our state flagship. We front loaded it as described above but that turned out to be a bad idea as we did it in April 2007. It came back but losing 40 percent of our kid's college fund felt a whol...
by Texas hold em71
Tue Feb 02, 2016 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Anybody budget for daycare like it is college?
Replies: 54
Views: 4657

Re: Anybody budget for daycare like it is college?

Depending on where you live 5th grade is pretty early to be home after school alone. It isn't so much being home that is the issue but getting there and getting back and forth to after school activities. If there is a safe path to walk to and from school, you still have weather issues to contend wit...
by Texas hold em71
Mon Feb 01, 2016 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: 401k - Highly Compensated Employee?
Replies: 27
Views: 5632

Re: 401k - Highly Compensated Employee?

Congrats. You have arrived. You are what the rest of the world considers rich. Read about back door Roth's Open a taxable account. Now you'll understand all those TLH threads. Come back in a few years when you find out the employer can only match your contribution on a certain amount of income. I th...
by Texas hold em71
Mon Feb 01, 2016 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody budget for daycare like it is college?
Replies: 54
Views: 4657

Re: Anybody budget for daycare like it is college?

Who is going to pick them up at 3:30 when school gets out? If you are planning to use daycare, look into how much it will cost for after school care. It will be less than full time care but it will still cost you. And then there are the soccer, baseball, basketball leagues or dance lessons and gymna...
by Texas hold em71
Sat Jan 30, 2016 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Public school or private school (with school data)
Replies: 102
Views: 9427

Re: Public school or private school (with school data)

Your numbers don't adjust for socio-economic status of the student as you point out. Based on what you are saying about the public school that may not matter since you are in an affluent area. Does the private school accommodate students with learning issues (ADHD, ADD, dyslexia, etc.)? If they do n...
by Texas hold em71
Sat Jan 30, 2016 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Tip on an older HP Printer
Replies: 10
Views: 1409

Re: Tip on an older HP Printer

I cuss HP regularly. We go through a household printer every two years or so. I don't bother to stock up on ink because when I do sure enough the thing dies and the new one doesn't use the same ink. They don't seem to have any worthy competition or I'd stop buying their printers to begin with.
by Texas hold em71
Sat Jan 30, 2016 11:42 am
Forum: Personal Finance (Not Investing)
Topic: What age did you start maxing out your retirement contributions?
Replies: 65
Views: 6692

Re: What age did you start maxing out your retirement contributions?

When I was 28, because I changed jobs and got a very large increase in pay. Since we were not used to the money, we were able to bump up from where we had been contributing to the max without feeling it and still have some money left over.
by Texas hold em71
Sat Jan 30, 2016 11:33 am
Forum: Personal Finance (Not Investing)
Topic: I got let go yesterday
Replies: 45
Views: 10618

Re: I got let go yesterday

Sorry this happened. Could you leverage your expertise but in a different role? With the Flint water crisis, it sounds like we'll all be hearing about the quality of our water infrastructure a lot more. I know very little about that industry but it seems like water infrastructure consulting may be a...
by Texas hold em71
Sat May 30, 2015 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: Congratulations to the class of 2015
Replies: 12
Views: 1947

Re: Congratulations to the class of 2015

http://www.chicagotribune.com/news/colu ... olumn.html

Wear sunscreen. Floss. Be kind to your knees- you will miss them when they're gone.
by Texas hold em71
Wed Feb 18, 2015 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: Prorating Tax Refund with Dear Wife
Replies: 18
Views: 2330

Re: Prorating Tax Refund with Dear Wife

Given the recent reconciliation and desire not to argue about money, I would let her have the whole refund. Where it might get dicey is if money were owed at tax time. At that point, someone has to write a check. It seems she is getting all the tax benefit of the home interest and taxes deduction wh...
by Texas hold em71
Sat Feb 07, 2015 8:02 am
Forum: Investing - Help with Personal Investments
Topic: First job, first everything
Replies: 23
Views: 1891

Re: First job, first everything

no one can answer the asset allocation question for you. The best funds in that line up are the vanguard total bond fund and the S&P 500 fund. How much to allocate to each is going to require some homework for you. Start by reading the wiki on this site. It will refer you to books as well. You a...
by Texas hold em71
Tue Feb 03, 2015 8:47 am
Forum: Personal Finance (Not Investing)
Topic: [Poll] Company & Job Longevity
Replies: 24
Views: 2547

Re: [Poll] Company & Job Longevity

My first company went out of business in a pretty spectacular fashion. Luckily, I had left several years before. Can't say it was through any foresight of mine. Never saw it coming until it did. Lesson I learned was that a few people can bring an otherwise thriving, reputable organization down befor...
by Texas hold em71
Thu Jan 29, 2015 10:51 pm
Forum: Investing - Help with Personal Investments
Topic: what to do with 529 if you earn a scholarship?
Replies: 22
Views: 2999

Re: what to do with 529 if you earn a scholarship?

I would withdraw it and use it to "match" retirement contributions for the new worker and/or gifts to get them started. My husband would withdraw it and either spend it or put in our taxable account. We have compromised and decided to let our kids use it for grad school. This is still hypo...
by Texas hold em71
Thu Jan 29, 2015 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: Bringing up 529s to the grandparents
Replies: 58
Views: 4609

Re: Bringing up 529s to the grandparents

I would wait to see if there is a problem first. I would have your husband broach it if there is a problem. I have an acquaintance who told all grandparents that they were limited to one gift per holiday and if they wanted to do more, to put the money in a college fund. The grandparents were miffed ...
by Texas hold em71
Mon Jan 26, 2015 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Do Bogleheads' Children Qualify For Need Based College Aid?
Replies: 35
Views: 3943

Re: Do Bogleheads' Children Qualify For Need Based College A

I am too young for this discussion, but what exactly are you all referring to when you say "aid"? Isn't the Pell grant the needs-based federal program? And then there are subsidized loans. After that, you just get unsubsidized loans which I wouldn't count as true financial aid. The Federa...
by Texas hold em71
Mon Jan 26, 2015 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Do Bogleheads' Children Qualify For Need Based College Aid?
Replies: 35
Views: 3943

Re: Do Bogleheads' Children Qualify For Need Based College A

I am too young for this discussion, but what exactly are you all referring to when you say "aid"? Isn't the Pell grant the needs-based federal program? And then there are subsidized loans. After that, you just get unsubsidized loans which I wouldn't count as true financial aid. The Federa...
by Texas hold em71
Mon Jan 26, 2015 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Do Bogleheads' Children Qualify For Need Based College Aid?
Replies: 35
Views: 3943

Re: Do Bogleheads' Children Qualify For Need Based College A

LOL. not so much as a penny. Our incomes do us in before we even get to savings. I'm debating even filling out a FASA this year. Why bother filling it out? I haven't, and don't intend to. AFAIK, there is no upside to filling it out if your income/assets keeps you out of the running for need-based a...
by Texas hold em71
Sun Jan 25, 2015 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: Do Bogleheads' Children Qualify For Need Based College Aid?
Replies: 35
Views: 3943

Do Bogleheads' Children Qualify For Need Based College Aid?

A lot of threads on the merits of 529s this week. I think a basic tenet of Bogleheadism is to fully fund tax advantaged retirement accounts before funding college accounts. (ETA: unless you expect to receive a sizable pension making deferral imprudent - reminded via PM by someone who kindly pointed ...
by Texas hold em71
Sun Jan 25, 2015 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Success stories of NOT buying more/too much house
Replies: 65
Views: 9433

Re: Success stories of NOT buying more/too much house

Where to start? Just realtor fees on selling the one I have always seemed like a waste of good money. - ability to pay off mortgage at an early age; not for everyone but helps me sleep - we can remodel and buy new furniture to our hearts' content keeping this place fresh - more cash flow for investi...
by Texas hold em71
Thu Jan 22, 2015 9:00 am
Forum: Personal Finance (Not Investing)
Topic: AOTC versus 529 plan [American Opportunity Tax Credit]
Replies: 46
Views: 5494

Re: AOTC versus 529 plan [American Opportunity Tax Credit]

I'm already thinking of making sure that someone attends the summer session at college. might that someone be you? Don't you have one in grad school now, Livesoft? Could the money be transferred to that sibling or was the grad school amount included in the QHEE above? Or rather than summer school i...
by Texas hold em71
Wed Jan 21, 2015 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: What counts as "saving"?
Replies: 128
Views: 9753

Re: What counts as "saving"?

Question 4 (Essay Portion): Are your answers to questions 1-3 different? If so, why? I look forward to your answers. Good hypo. My answers to 1 and 2 would be B, but I think my answer to 3 would be A. It comes down to subjective intent, which maybe is your point. Here's a hint: In each of these sce...
by Texas hold em71
Wed Jan 21, 2015 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: AOTC versus 529 plan [American Opportunity Tax Credit]
Replies: 46
Views: 5494

Re: AOTC versus 529 plan

Can't wait to see what creativity you apply to the unspent 529 funds.
by Texas hold em71
Mon Jan 19, 2015 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: What counts as "saving"?
Replies: 128
Views: 9753

Re: What counts as "saving"?

Paying off debt reduced both your assets and liabilities , thus have no impact on your net worth, thus it is not saving nor spending. I am not going to get into the debate whether paying off debt is savings or not (It is starting to resemble a political or religious debate of zealots) However, your...
by Texas hold em71
Mon Jan 19, 2015 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: What counts as "saving"?
Replies: 128
Views: 9753

Re: What counts as "saving"?

To me, all saving is deferred spending. As a previous poster alluded to, I am saving for retirement spending, college spending, future vehicle purchases, etc. When I took out a mortgage, it allowed me to have a place to live immediately without having to save for it first. When I decided to pay off ...
by Texas hold em71
Sun Jan 18, 2015 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: spousal or partner frugality comparison poll
Replies: 18
Views: 2314

Re: spousal or partner frugality comparison poll

Island's description fits us pretty well.

As a rule, I am more frugal, but not on every single thing and the difference in our relative spending is quite small compared to our overall income.
by Texas hold em71
Sun Jan 18, 2015 11:35 am
Forum: Personal Finance (Not Investing)
Topic: What Should I Do With My HSA?
Replies: 10
Views: 1412

Re: What Should I Do With My HSA?

If you withdraw it, you will lose half of it to taxes and penalties. At 30, you are likely going to start having a few more medical expenses than you had in your 20s.
by Texas hold em71
Sun Jan 18, 2015 11:30 am
Forum: Personal Finance (Not Investing)
Topic: What Should I Do With My HSA?
Replies: 10
Views: 1412

Re: What Should I Do With My HSA?

How old are you?
by Texas hold em71
Sat Jan 17, 2015 10:54 pm
Forum: Investing - Help with Personal Investments
Topic: Why does Vanguard not accepting fund for IRA purchase?
Replies: 4
Views: 719

Re: Why does Vanguard not accepting fund for IRA purchase?

Yes, you can become an authorized representative on her account and be able to see her accounts as well as make transactions on her behalf. She has to set this up for you using an online form. Follow the link and use the account authorization form. m As to why the funds are not going through, she wi...
by Texas hold em71
Thu Jan 15, 2015 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: How much does a large payment reduce mortgage
Replies: 34
Views: 3652

Re: How much does a large payment reduce mortgage

If you are handy with Excel, set up an amortization table. If not, there are a lot of calculators on the web that help with this. You might check the wiki to see if any are boglehead recommended.
by Texas hold em71
Sun Jan 11, 2015 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: Splitting Pre-expenses
Replies: 15
Views: 1560

Re: Splitting Pre-expenses

How are you handling withholding? I would guess you are now withholding less than she is because you have more pre-tax deductions than she does? If you had both claimed the same exemptions (you say you make the same) then didn't the taxes come out different? If so, then she is "paying" mor...
by Texas hold em71
Sun Jan 11, 2015 9:52 pm
Forum: Investing - Help with Personal Investments
Topic: Help!!! Dilemma on 457b
Replies: 10
Views: 1384

Re: Help!!! Dilemma on 457b

In your same situation, I chose to invest in taxable. I work at a very stable company but I have seen enough of those go bankrupt that I don't want to worry about it. Also, you are assuming 33 percent, but wouldn't the account balance push you into the 39 percent bracket if you left? I chose to pay ...
by Texas hold em71
Sun Jan 11, 2015 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Can my employer open an HSA account for me without me?
Replies: 20
Views: 2684

Re: Can my employer open an HSA account for me without me?

Both my spouse and I have had HSAs and within the online enrollment screens had to consent to the opening of the account. I don't know that we have ever had the option to have payroll deducted contributions go to any custodian other than the one selected by the employer. Both employers have changed ...
by Texas hold em71
Sun Jan 04, 2015 1:00 am
Forum: Personal Finance (Not Investing)
Topic: Switching to Schwab
Replies: 33
Views: 4467

Re: Switching to Schwab

What's so 'lame' about SWTSX (.09ER). Serious question. As I have quite a bit of it. Bond funds are decent but not great and prefer ETFs I agree. Nothing at all. I own some of Vanguard, Fidelity and Schwab total stock market and international for various reasons. The Schwab funds do just fine. I wo...
by Texas hold em71
Sat Jan 03, 2015 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Today is a Good Day to fund the 2015 IRA
Replies: 69
Views: 9880

Re: Today is a Good Day to fund the 2015 IRA

Any thoughts on why I would be getting this message when trying to exchange a fund in my traditional IRA - "This transaction can't be completed online. Call us at [number] for help." I recently purchased shares of the fund I'm trying to exchange so it's "unavailable" but that sh...
by Texas hold em71
Fri Jan 02, 2015 11:56 am
Forum: Investing - Help with Personal Investments
Topic: Last year before retirement more about spending than saving?
Replies: 38
Views: 2558

Re: Last year before retirement more about spending than sav

I think what some are saying is that you have planned for income in retirement that should replace current income and since you have been able to manage all of these things on current income, you should not front load a lot of unnecessary expenses just because you are retiring. If you are doing so b...
by Texas hold em71
Fri Jan 02, 2015 11:07 am
Forum: Investing - Help with Personal Investments
Topic: Last year before retirement more about spending than saving?
Replies: 38
Views: 2558

Re: Last year before retirement more about spending than sav

I have seen this with friends who have retired. They seem to want to have any unplanned large exoenses out if the way so as to avoid surprises in early retirement. Also comments about - if I am going to be home all day now, I need to remodel the kitchen.
by Texas hold em71
Fri Jan 02, 2015 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Question on creating a budget which accounts for taxes.
Replies: 5
Views: 750

Re: Question on creating a budget which accounts for taxes.

The tax code is based on non-linear math. I agree that to get what you want, you would have to do as Bill M suggests and estimate taxes twice. What you are likely to come out with is the "extra" income will be taxed at a marginal rate that is extremely high. Based on what you are trying to...
by Texas hold em71
Thu Jan 01, 2015 5:38 pm
Forum: Investing - Theory, News & General
Topic: If no capital gains tax, will you change investing?
Replies: 12
Views: 1352

Re: [Poll] If no capital gains tax, will you change investin

I would not become an active trading, market timer. No taxes or transaction costs would not suddenly mean I would become an expert market timer. So far (because I did not have taxable investments in 2009), I have been able to rebalance with new investments and by changing my 401(k) allocation. In a ...
by Texas hold em71
Thu Jan 01, 2015 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: Pay $5k taxes to pay off $75k mortgage?
Replies: 9
Views: 1362

Re: Pay $5k taxes to pay off $75k mortgage?

I am mortgage free and I agree with simplifying a portfolio but not if it involves the capital gains taxes. You might want to do it badly enough to pay the taxes and the 5,000 may not bother you as much as me. If it were me, I think I would just redirect new investments to the mortgage instead of ta...
by Texas hold em71
Thu Jan 01, 2015 5:01 pm
Forum: Personal Consumer Issues
Topic: Test drive new vehicle without sales pressure?
Replies: 60
Views: 9615

Re: Test drive new vehicle without sales pressure?

We always tell them we are driving to compare to another car that we are driving that afternoon (or the next day). You still get the sales pitch regarding the features but I don't consider that pressure.
by Texas hold em71
Thu Jan 01, 2015 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: Pay $5k taxes to pay off $75k mortgage?
Replies: 9
Views: 1362

Re: Pay $5k taxes to pay off $75k mortgage?

You don't say how much you are putting into taxable savings each year. Could you redirect new investments to the mortgage instead? That would take longer but avoid some taxes.
by Texas hold em71
Thu Jan 01, 2015 2:04 pm
Forum: Investing - Help with Personal Investments
Topic: [Can we get Vanguard foreign tax info before 1099 issued?]
Replies: 1
Views: 485

Re: Vanguard does not report foreign taxes taken from divide

m I also found these spreadsheets but they are still only for 2013. Can't see a date that the page was last updated. Short of calling them tomorrow where you are likely to be told to wait, I guess you could try to estimate based on last year's rates. That isn't too helpful if you are cutting it real...
by Texas hold em71
Wed Dec 31, 2014 6:05 pm
Forum: Investing - Help with Personal Investments
Topic: New investor. Doesn't qualify for Roth. Help
Replies: 29
Views: 2984

Re: New investor. Doesn't qualify for Roth. Help

Let me rephrase then - I am choosing to invest 2-3K a month. There is nothing wrong with it, it's simply my choice of spending and enjoying my life now vs. investing. I think putting away 30k a year is better than a lot of people can do. So maybe advice without judgement would be better. Thank you ...
by Texas hold em71
Wed Dec 31, 2014 5:08 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity funds similar to specific Vanguard funds?
Replies: 4
Views: 2320

Re: Fidelity funds similar to specific Vanguard funds?

Since you are new to the forum, I will point out something that you may or may not already know. Depending upon the size of your brokerage and IRA accounts, you may be able to own the funds with no Fidelity substitute in the brokerage and IRA accounts and own only the acceptable Fidelity funds in th...
by Texas hold em71
Sun Dec 07, 2014 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Did your parents/childhood affect the way you handle money?
Replies: 29
Views: 2706

Re: Did you parents and your childhood effect the way you ha

I agree with you about people of that generation not thinking about what made them happy. I often encounter this when I think about people being "happy" in their careers. My grandparents would have asked "Is their food on your table and a roof over your head? Then be happy." They...
by Texas hold em71
Sun Dec 07, 2014 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Did your parents/childhood affect the way you handle money?
Replies: 29
Views: 2706

Re: Did you parents and your childhood effect the way you ha

Was your mother unhappy? Did she live the life she wanted? Just because she chose differently than you, doesn't mean she chose wrong. Remember she was shaped by her environment too. My parents spending and debt habits are very different than mine. I try not to judge them because I know a big reason ...
by Texas hold em71
Sun Nov 30, 2014 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Qualified Dividends when holding period is not met
Replies: 2
Views: 603

Qualified Dividends when holding period is not met

For reference: m "You must have held the applicable share of the fund for at least 61 days out of the 121-day period that began 60 days before the fund’s ex-dividend date." Fidelity goes on to say that my 1099-DIV will not determine how much of my dividends/shares meet the requirement. &qu...
by Texas hold em71
Sun Nov 30, 2014 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Term life questions
Replies: 27
Views: 3620

Re: Term life questions

I should not forget to remind you to factor in your social security survivor benefits. Your online statement will show you the maximum amount your spouse will receive and the kids will receive until they turn 18. That is built in insurance that you can discount as much or as little as you like over ...