Search found 593 matches

by Chadnudj
Mon May 22, 2017 2:43 pm
Forum: Personal Consumer Issues
Topic: What to do w/ $60k Lump Sum?
Replies: 33
Views: 2151

Re: What to do w/ $60k Lump Sum?

So here's the situation. I am selling a property and will walk away with roughly $60k at closing. I have the following debt/situations: 1) Current house - only put 3% down on a $362k house so I pay PMI. The PMI is $192 a month and my interest rate is 3.5% for 20 years. There is no length of time I ...
by Chadnudj
Mon May 22, 2017 2:38 pm
Forum: Investing - Theory, News & General
Topic: Why Invest in Average?
Replies: 34
Views: 2921

Re: Why Invest in Average?

I love that this commercial involves an expert artist building a needlessly complex and expensive installation of art over the course of an entire day, presumably, that only results in accomplishing its goal at night when a light shines on it at a specific angle. (In other words, active management) ...
by Chadnudj
Fri May 05, 2017 8:45 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with inheritance
Replies: 37
Views: 3403

Re: What to do with inheritance

Sorry for your loss. One practical idea I can offer you -- once you pay off your student loans (perhaps with the cash portion of the sale of the property), continue to make your student loan payments but into 529 accounts for your kids. It's basically the same Boglehead-ish principle of paying your ...
by Chadnudj
Mon May 01, 2017 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401(k) - should we do a traditional or Roth IRA?
Replies: 15
Views: 707

Re: Roth 401(k) - should we do a traditional or Roth IRA?

Change your husband's current level of contribution to a traditional 401k.

Then take the increased monthly paycheck, and invest the increase/difference in Roth IRAs (and/or taxable accounts once you max out the Roth IRAs).

That's the easiest/best approach, most likely.
by Chadnudj
Wed Apr 19, 2017 10:34 am
Forum: Investing - Help with Personal Investments
Topic: Inherited over $500k looking to invest & produce income
Replies: 13
Views: 2445

Re: Inherited over $500k looking to invest & produce income

Thanks for the comments and reply. In no way am I taking anything personally and I truly appreciate all of the feedback. I have no desire to distribute more eggs into real estate than other areas, but I am more comfortable in that area because I've spent a large part of my life working in most of t...
by Chadnudj
Mon Apr 17, 2017 4:35 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts about de-risking 529 investment allocation
Replies: 9
Views: 693

Re: Thoughts about de-risking 529 investment allocation

Given the fact that each child now has more than $50k for each year of an assumed 4 year college education (and taking into account the current investment climate), I am considering transitioning their investment allocations (which can only be done twice per year) from aggressive to moderate or eve...
by Chadnudj
Mon Apr 17, 2017 11:30 am
Forum: Investing - Help with Personal Investments
Topic: Lump sum investment or DCA?
Replies: 25
Views: 1343

Re: Lump sum investment or DCA?

I finally setup a trust account for personal investing. Should I invest a lump sum this week, 20k in the total stock market, or DCA monthly for 2017. I'm interested in accelerating my retirement savings. I'm 41, I max out my 401k and IRA, using the 3 fund approach. Target retirement age is 68. I co...
by Chadnudj
Mon Apr 10, 2017 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: Need suggestions to invest 50K.
Replies: 10
Views: 906

Re: Need suggestions to invest 50K.

Greetings. I have been a visitor of this forum for a while and the Boglehead philosophy has helped me a lot after I lost a lot of money in the 2008 crash. I am in a bit of dilemma about investing $50K which I will need in about 5 years for my sons college tuition. Currently the money is in a money ...
by Chadnudj
Sun Apr 09, 2017 9:02 am
Forum: Investing - Help with Personal Investments
Topic: 36yo looking for feedback
Replies: 25
Views: 3669

Re: 36yo looking for feedback

2. Thoughts on my asset allocation are appreciated. I think I have a high risk tolerance, but looking back at 2008, my balance was so much lower that I didn’t really lose much. Age in bonds has always felt too conservative to me, but that was assuming I worked until 62. FWIW, I'm about the same age...
by Chadnudj
Thu Apr 06, 2017 9:52 am
Forum: Investing - Help with Personal Investments
Topic: Roth 401K or Traditional 401K?
Replies: 21
Views: 970

Re: Roth 401K or Traditional 401K?

I apologize if it seems like I'm hijacking OP's thread. I think I need to switch to Traditional as I have been doing Roth while my salary has been increasing. But wouldn't 4% of ~$1.2MM put me in the same tax bracket that I am currently in? Yes. And when your traditional balance starts to approach ...
by Chadnudj
Wed Apr 05, 2017 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401K or Traditional 401K?
Replies: 21
Views: 970

Re: Roth 401K or Traditional 401K?

Hi, I'm looking for Boglehead advice on this one. I have been investing in my company regular 401K (5% with a match of 5%) for several years now. I currently have a balance of $55,000 in it. I recently learned that the company is now offering a Roth 401K option as well. Should I consider moving my ...
by Chadnudj
Tue Apr 04, 2017 12:12 am
Forum: Personal Finance (Not Investing)
Topic: Advice Needed: Enough to Retire, but the Tax Bill is a shock
Replies: 58
Views: 8203

Re: Advice Needed: Enough to Retire, but the Tax Bill is a shock

I'm sure others have given good tax advice....but given that one of your goals is to "leave something to heirs" and you seem to have more than enough (between pension, SS, and savings) to retire, may I suggest you: (a) Open up a 529 plan for your daughter (you can later change the benefici...
by Chadnudj
Mon Apr 03, 2017 11:56 pm
Forum: Investing - Theory, News & General
Topic: Social Security for Millennials
Replies: 144
Views: 13962

Re: Social Security for Millennials

I'm not worried about it at all. Why? 1. I'm 37, and do not have near 25-33 times expenses saved. Hell, I'm not entirely certain what my long term expenses will be, what with having two kids under the age of 3. 2. I'm healthy and currently employed, and generally speaking enjoy my work/going to work...
by Chadnudj
Fri Mar 31, 2017 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Saving 50% of salary; what does it really mean?
Replies: 142
Views: 10857

Re: Saving 50% of salary; what does it really mean?

Often I come across references to saving over 50% of salary on this forum. I am little bit perplexed how that is possible. I ran some numbers on taxformcalculator.com with dual income professional couple over 55 and assumed their combined salary $300K. Even without including the real estate taxes o...
by Chadnudj
Thu Mar 30, 2017 10:38 am
Forum: Investing - Help with Personal Investments
Topic: Sanity Check, or does it even matter if I'm sane?
Replies: 19
Views: 1870

Re: Sanity Check, or does it even matter if I'm sane?

I should have stated my question re $2M better. We have enough to support our lifestyle with just the cash bucket, but I want to be sure that we can handle an otherwise ruinous medical situation, a tragic car accident where innocents are injured/killed, etc. On the latter, maybe just buy a large um...
by Chadnudj
Fri Mar 10, 2017 12:58 am
Forum: Investing - Help with Personal Investments
Topic: Need 3% from $657K annually. What AA is best?
Replies: 21
Views: 3474

Re: Need 3% from $657K annually. What AA is best?

Maybe I'm foolhardy, but I personally am hoping to say in either Vanguard LifeStrategy Growth (80/20) or LifeStrategy Moderate Growth (60/40) forever (probably Moderate, just to be safe, but who knows.....I'm 37 now, and may have entirely different feelings about risk when I'm 47 or 57 or 67) I get ...
by Chadnudj
Wed Mar 08, 2017 4:45 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA and Roth 401k
Replies: 11
Views: 646

Re: Roth IRA and Roth 401k

Given your situation (single, making $70k a year, want to save for a house), I'd: 1. Change your future Roth 401k contributions to traditional 401k, and save up to the match. 2. Open a Roth IRA and try to get it up to the $5500 a month match. 3. Then try to increase the traditional 401k up to the ma...
by Chadnudj
Tue Mar 07, 2017 8:14 am
Forum: Investing - Help with Personal Investments
Topic: roth vs traditional 401k
Replies: 16
Views: 1120

Re: roth vs traditional 401k

In almost 99% of situations, the traditional 401k is better than the Roth. I suspect you are within that 99%, unless you (a) have a sizeable pension and/or (b) already have a large amount of money in traditional 401ks/IRAs and are near to (5-10 years away from) retirement. Do the traditional 401k, a...
by Chadnudj
Mon Mar 06, 2017 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: At what age did you drop life and disability insurance?
Replies: 56
Views: 3794

Re: At what age did you drop life and disability insurance?

We have $2.25 million ($1.5 million on me, $750k on wife) in term life insurance that we can keep up until age 80. Given the relatively low cost of it (we're just 37), I'm planning on keeping it forever, even beyond reaching FI, to provide a windfall in case either/both of us die before 80 (and my f...
by Chadnudj
Wed Mar 01, 2017 3:15 pm
Forum: Personal Consumer Issues
Topic: Favorite survival books?
Replies: 41
Views: 3475

Re: Favorite survival books?

River of Doubt, all about Teddy Roosevelt and his son's journey in the Amazon....really interesting story of survival with a historical angle....
by Chadnudj
Tue Feb 28, 2017 12:17 pm
Forum: Investing - Help with Personal Investments
Topic: 100K gift for kids education...where to put it.
Replies: 35
Views: 2384

Re: 100K gift for kids education...where to put it.

I would put it all in 529's. I am curious as to your reasons why not. I do not like UGMA's because there is no guarantee the funds will be spent on education. What if one or more of the kids decide not to go to college? Then you could roll that money over for that kid's (hopeful) eventual children.
by Chadnudj
Tue Feb 28, 2017 10:31 am
Forum: Personal Finance (Not Investing)
Topic: 2016 Tax Refund...Wife asked, "Is it legal?!?!"
Replies: 17
Views: 3559

Re: 2016 Tax Refund...Wife asked, "Is it legal?!?!"

Now when you withhold for the whole year, your refund will be even bigger for 2017! But you know, I'm sure, that the tax refund is really YOUR money since you over-withheld from your paychecks. So don't forget to update the amount with your employer(s). While celia is, of course, right, I will note...
by Chadnudj
Mon Feb 27, 2017 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan fixed vs variable
Replies: 3
Views: 237

Re: Student Loan fixed vs variable

I'll go contrary to the rest of the advice here, somewhat. 1.34% (the difference between the 10 year fixed 4.49% rate and the 10 year variable 3.15% rate) is pretty large. Given that the Fed bumps interest rates seemingly a 0.25% increments, and at least recently has tended to do so rather slowly (l...
by Chadnudj
Sun Feb 26, 2017 8:39 am
Forum: Personal Consumer Issues
Topic: critique Italian itinerary
Replies: 32
Views: 2137

Re: critique Italian itinerary

You spent only one day in Firenze, one of the most beautiful - art and architecture and countryside - cities in the world? Please reconsider staying longer on this trip. Agreed. I'd actually skip Cinque Terre -- it's fine and all, but that time of year it'll be a bit cooler (and the most fun in Cin...
by Chadnudj
Sat Feb 25, 2017 11:03 pm
Forum: Investing - Help with Personal Investments
Topic: Please evaluate our situation
Replies: 47
Views: 3363

Re: Please evaluate our situation

I would look carefully at the numbers for repaying the money back to her pension. It may very well pay off for her to repay it and delay collecting it, I just don't know. (I did repay in a similar plan, and it has paid off very well.) I agree that Life Strategy Growth may be the way to go. Where do...
by Chadnudj
Fri Feb 24, 2017 11:47 pm
Forum: Investing - Theory, News & General
Topic: Please vote on the wisest decision
Replies: 50
Views: 3419

Re: Please vote on the wisest decision

This is the IRS defination of "Covered by an Employer's Retirement Plan": "You’re covered by an employer retirement plan for a tax year if your employer (or your spouse’s employer) has a: Defined contribution plan (profit-sharing, 401(k), stock bonus and money purchase pension plan) ...
by Chadnudj
Fri Feb 24, 2017 11:40 pm
Forum: Investing - Theory, News & General
Topic: Please vote on the wisest decision
Replies: 50
Views: 3419

Re: Please vote on the wisest decision

Also, I'm missing something, but why can't your wife do a traditional IRA because she has a pension? That makes no sense to me....she should be able to do a Roth OR Traditional IRA, even if she qualifies for a pension....heck, many workers with pensions ALSO have a 401k (or the public sector equiva...
by Chadnudj
Fri Feb 24, 2017 11:26 pm
Forum: Investing - Theory, News & General
Topic: Please vote on the wisest decision
Replies: 50
Views: 3419

Re: Please vote on the wisest decision

Can't you do Roth and 401k? I can, but can't maximize both of them, may be after I am done saving for my first home down payment.. Then the answer is two fold: 1. Do 401k in S&P 500 fund up to any match you get from your employer, then Roth to $5500 max ($11k for couple), then back to 401k. BUT...
by Chadnudj
Thu Feb 23, 2017 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing a new house -- Are we being stupid to consider it?
Replies: 35
Views: 4124

Re: Purchasing a new house -- Are we being stupid to consider it?

I contribute about $800/month to 401k but have to be careful about hitting IRS maximum when including employer's contribution and my overtime (I get paid by the hour which also increases employer profit sharing) Contribute $1100/month to taxable mutual funds Contribute $700/month to 529's for kids ...
by Chadnudj
Tue Feb 21, 2017 12:02 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on what to do with portion of the downpayment. Short but flexible time horizon
Replies: 6
Views: 437

Re: Advice on what to do with portion of the downpayment. Short but flexible time horizon

Vanguard Total Bond Fund? You have both an emergency fund of 6 months, plus this $125k that you have to have for liquidity requirements....so, technically, you could show the coop board the emergency fund as PART of the liquidity requirements (they don't need to know it's your emergency fund). Depe...
by Chadnudj
Tue Feb 21, 2017 11:27 am
Forum: Investing - Theory, News & General
Topic: Warren Buffett v. Bogleheads
Replies: 40
Views: 4635

Re: Warren Buffett v. Bogleheads

A common quote that I see floating around here is Warren Buffett's famous "be fearful when others are greedy, and be greedy when others are fearful". Sounds like words of wisdom, but I just realized that is market timing. How do Bogleheads reconcile this? If you're in the accumulation sta...
by Chadnudj
Fri Feb 17, 2017 11:48 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on what to do with portion of the downpayment. Short but flexible time horizon
Replies: 6
Views: 437

Re: Advice on what to do with portion of the downpayment. Short but flexible time horizon

Vanguard Total Bond Fund? You have both an emergency fund of 6 months, plus this $125k that you have to have for liquidity requirements....so, technically, you could show the coop board the emergency fund as PART of the liquidity requirements (they don't need to know it's your emergency fund). Depen...
by Chadnudj
Mon Feb 13, 2017 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: The old debate on taxes now vs later
Replies: 25
Views: 2659

Re: The old debate on taxes now vs later

Can I ask a (probably) dumb question? What is the rationale behind a 401a contribution (i.e. getting up to the $53k limit using post-tax dollars)? Why is it better than using that money in a taxable account? Just curious, because while we max out our 401ks and will (hopefully) soon be doing backdoo...
by Chadnudj
Mon Feb 13, 2017 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: The old debate on taxes now vs later
Replies: 25
Views: 2659

Re: The old debate on taxes now vs later

Can I ask a (probably) dumb question? What is the rationale behind a 401a contribution (i.e. getting up to the $53k limit using post-tax dollars)? Why is it better than using that money in a taxable account? Just curious, because while we max out our 401ks and will (hopefully) soon be doing backdoo...
by Chadnudj
Mon Feb 13, 2017 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: The old debate on taxes now vs later
Replies: 25
Views: 2659

Re: The old debate on taxes now vs later

For my personal situation; I think a good option for me would be to max my 401k contribution at $18k, do a backdoor Roth conversion for my wife and I for another $11k, continue to contribute whatever is left to hit the max $53k per IRS 401a rules less what my employe puts in. I should be able to to...
by Chadnudj
Tue Feb 07, 2017 7:02 am
Forum: Investing - Theory, News & General
Topic: A short study of the recent Japanese crisis
Replies: 56
Views: 4612

Re: A short study of the recent Japanese crisis

Loved this article. The big takeaways for me: 1. Even in the worst case scenario of retiring at the end of 1989, in Japan, fully invested domestically in Japan with a 60/40 stock/bond asset allocation, a 3.3% SWR works for a 30 year retirement period; add a bit of international diversification and/o...
by Chadnudj
Fri Feb 03, 2017 4:31 pm
Forum: Investing - Help with Personal Investments
Topic: Game won with market up and retire or Not Yet?
Replies: 33
Views: 5043

Re: Game won with market up and retire or Not Yet?

I'd do two things: 1. Get to 60/40 asset allocation, stat (albeit in a way that makes sense in terms of taxes, etc.). You have the game won -- don't blow it by being too aggressive. This is the "need to take risk" aspect -- you don't need to take so much risk, so don't. 2. Related to and f...
by Chadnudj
Fri Feb 03, 2017 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Where to Park Emergency Fund to protect against inflation
Replies: 32
Views: 4002

Re: Where to Park Emergency Fund to protect against inflation

Hello, I am SAHM and my husband is the breadwinner. We have two children DD 17, DS 14. I have following questions about the emergency fund. 1. My husband's job isn't easily replaceable. So, he feels comfortable with 12 years of expense($72,000) + $5000 (Home Emergency) + $5000 (Auto Emergency). 2. ...
by Chadnudj
Fri Feb 03, 2017 11:13 am
Forum: Personal Consumer Issues
Topic: Where to stay in Siesta Key
Replies: 10
Views: 1394

Re: Where to stay in Siesta Key

I grew up in Sarasota and I'm very familiar with Siesta Key. A 3-4 night stay on Siesta Key itself is going to be tough to manage -- there aren't really hotels on the beach, and most condos are week-long (or longer) rentals, particularly in-season. There are some places that will do shorter term ren...
by Chadnudj
Thu Feb 02, 2017 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Rent vs. buy analysis
Replies: 7
Views: 915

Re: Rent vs. buy analysis

I'd also point out that given that your father-in-law is in his mid-80s, renting might be a much wiser decision depending on his health, the considerable transaction costs in buying/selling, and maintenance factors of owning.
by Chadnudj
Mon Jan 30, 2017 4:18 pm
Forum: Investing - Help with Personal Investments
Topic: Do I use Effective or Marginal Tax Rate to Decide on tIRA vs Roth?
Replies: 26
Views: 2049

Re: Do I use Effective or Marginal Tax Rate to Decide on tIRA vs Roth?

Your retirement income needn't be all portfolio withdrawals. Pensions, annuities and SS are generally taxable as well. True, but most retirees don't have pensions or annuities, and the average SS payout is only around $15k per year. But to be honest, I never factor SS in my own calculations since I...
by Chadnudj
Thu Jan 26, 2017 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: My 401k fees - worth it?
Replies: 6
Views: 689

Re: My 401k fees - worth it?

So I still have some money left at a previous employer's 401k. They charge fees of about $80 on close to $100k I have there. This is like a 0.08% ER. However, the choice of funds is excellent, including many low ER commission free ETFs. My other option is to rollover to my current employer's 401k a...
by Chadnudj
Wed Jan 25, 2017 2:22 pm
Forum: Investing - Help with Personal Investments
Topic: Completely new/oblivious to most of this... need advice
Replies: 16
Views: 1228

Re: Completely new/oblivious to most of this... need advice

I'll echo what cantos said above -- you're 26, which is still REMARKABLY early to start getting a handle on this. Plus, from the appearance of things, you don't have debt (other than your mortgage), which is also good. A couple questions: 1. Does your spouse work? You mention your income, but nothin...
by Chadnudj
Tue Jan 24, 2017 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 495
Views: 122372

Re: Share your networth progression

I am leary about using online services that require sharing of passwords. With all of the hacking, it makes me a bit uneasy. Yeah, that risk is the price you pay for the convenience. Will be worth it to some, not so much to others. I use a Google Docs spreadsheet. I just log on once a month (always...
by Chadnudj
Tue Jan 17, 2017 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Saving rater after becoming father
Replies: 27
Views: 2550

Re: Saving rater after becoming father

HI Gents, I'm 27 and living with my girlfriend, 28. We currently save around $6-7K/month. We are considering to have a child in the next 1-2 years. Currently, we are saving a good chunk of our salary and I'd like to understand from your experience, how has your saving rate evolved after the first k...
by Chadnudj
Tue Jan 17, 2017 11:09 am
Forum: Investing - Theory, News & General
Topic: Investing only after a market correction
Replies: 99
Views: 7171

Re: Investing only after a market correction

No, you can't do both! You only have $1k and it can't be used for both repayment and investing at the same time. Splitting the different is the easy, lazy answer. It's saying you don't know which is better, or don't care, or can't tell. If you took this type of strategy at every choice, you'd wind ...
by Chadnudj
Tue Jan 17, 2017 10:49 am
Forum: Investing - Help with Personal Investments
Topic: Investing at times of job insecurity/unemployment
Replies: 14
Views: 1518

Re: Investing at times of job insecurity/unemployment

If you're facing a potential near-term job loss, you need to not worry about investing. You need to worry about building up a larger cash emergency fund and/or networking to find your next job. You're not yet in a position to be financially independent (or so it seems), so you'll need to continue wo...
by Chadnudj
Mon Jan 16, 2017 12:26 am
Forum: Investing - Theory, News & General
Topic: Investing only after a market correction
Replies: 99
Views: 7171

Re: Investing only after a market correction

True, because I want to invest and my better half wants to pay down the debt. So it's a decision of two and thus the dichotomy. She's already turned down the idea. But, I am still curious, not that I will do it as she has the implied veto. P.S: She makes a good point whenever it comes to debt. If f...
by Chadnudj
Sat Jan 14, 2017 6:37 pm
Forum: Investing - Theory, News & General
Topic: Investing only after a market correction
Replies: 99
Views: 7171

Re: Investing only after a market correction

True, because I want to invest and my better half wants to pay down the debt. So it's a decision of two and thus the dichotomy. She's already turned down the idea. But, I am still curious, not that I will do it as she has the implied veto. P.S: She makes a good point whenever it comes to debt. If f...
by Chadnudj
Sat Jan 14, 2017 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: Long Term Retirement Advice
Replies: 5
Views: 809

Re: Long Term Retirement Advice

Why are you putting $10,400 into a taxable account before either (a) maxing out a Roth (either ordinary or backdoor) or (b) maxing out your 401k all the way to $18k (which would reduce your taxes)?

And as the previous posted noted, WAY too many funds. Get it down to 3-4, max.

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