Search found 836 matches

by Chadnudj
Fri May 22, 2020 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 367
Views: 28709

Re: The axe falls and I am prepared. What's next?

Seems like you'd be primed for a consulting gig, KlangFool. I'm sure there are headhunters out there that could bring you opportunities that you could weigh in your field -- short term projects that you could pick and choose from, based on time commitment, pay, ability to work from home, etc. I'd at...
by Chadnudj
Sat Apr 18, 2020 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Parent is working grueling job, considering retiring just a few years before pension. How else can I help her decide?
Replies: 50
Views: 3476

Re: Parent is working grueling job, considering retiring just a few years before pension. How else can I help her decide

One more thing to consider, given today's coronavirus environment -- will likely changes to society (permanent, or even in the short-to-mid term) impact her job such that things might become better? Your mother's job sounds like something relatively physical and outdoors, but if people are driving l...
by Chadnudj
Tue Mar 31, 2020 12:40 pm
Forum: Investing - Theory, News & General
Topic: Behold, the Societal Risk Premium!
Replies: 11
Views: 1139

Re: Behold, the Societal Risk Premium!

Buffett has famously said "be fearful when others are greedy and greedy when others are fearful." But he's never explained how to do that. It's like "buy low, sell high," a description of a desired result, not a recipe for obtaining it. Me, I say "If I stay the course, I will automatically be less ...
by Chadnudj
Fri Mar 27, 2020 11:53 am
Forum: Investing - Theory, News & General
Topic: So, Where Are You *Back* To in Time? (And Were You Happy Then?)
Replies: 63
Views: 3810

Re: So, Where Are You *Back* To in Time? (And Were You Happy Then?)

I'll add -- this is a great advertisement for tracking your net worth. By doing so, you can talk yourself down a bit when a downturn happens -- "hey, I'm no worse off now than I was back in early 2019, so is it really all that bad?"
by Chadnudj
Fri Mar 27, 2020 11:49 am
Forum: Investing - Theory, News & General
Topic: So, Where Are You *Back* To in Time? (And Were You Happy Then?)
Replies: 63
Views: 3810

Re: So, Where Are You *Back* To in Time? (And Were You Happy Then?)

Roughly March-April 2019. I was pretty happy with where I was then. Being back there a year later (with a year's more of shares acquired in my 401k, plus a fully painted house with new furnaces/AC units -- our big expenses in the past year -- and my oldest kid closer to public kindergarten and the r...
by Chadnudj
Thu Mar 26, 2020 10:03 pm
Forum: Investing - Theory, News & General
Topic: I can't believe I am thinking this [Panic and Survival 2008-09]
Replies: 432
Views: 275279

Re: I can't believe I am thinking this [Panic and Survival 2008-09]

I'll echo what everyone else has said -- this is a great thread. This may not be helpful to everyone, but to my fellow accumulators -- I've found an easy way to "stay the course" amidst the recent turmoil has been to look at my monthly net worth tracker (and in particularly my column adding up our r...
by Chadnudj
Thu Mar 26, 2020 6:37 am
Forum: Personal Investments
Topic: How much you lost/gain since Feb 20,2020 ?
Replies: 320
Views: 25679

Re: How much you lost/gain since Feb 20,2020 ?

I've lost....nothing.

Because I haven't sold. In fact, we've been buying since February 20, 2020, via our 2 401ks which we're both maxing out this year (and feeling very fortunate we're both in the position to do so, with jobs that can continue remotely).

Until you sell, you haven't lost anything.
by Chadnudj
Sat Feb 01, 2020 12:22 am
Forum: Personal Finance (Not Investing)
Topic: What Next to Save For?
Replies: 6
Views: 879

Re: What Next to Save For?

My two cents -- get the retirement savings vehicles maxed out. Roths/TSP/spouse's 401k....once those are completely hitting the maxs (in pretty much that order -- and $2-$3k a month should get you there or pretty close), then move on to other goals. You'll never regret having more for retirement, an...
by Chadnudj
Sat Jan 18, 2020 9:36 am
Forum: Personal Investments
Topic: Pay down mortgage or add to taxable account?
Replies: 28
Views: 2180

Re: Pay down mortgage or add to taxable account?

I'll echo the poster above -- why not do both? 50% to mortgage principal paydown, 50% to taxable sounds smart and diversifies your risk/reward in terms of return. If you have to do one, though -- do the taxable. Liquidity (even if the taxable account drops 50% or whatever) is awesome to have in the ...
by Chadnudj
Fri Jan 17, 2020 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Realized we made a major mistake and feeling really sick.
Replies: 162
Views: 14317

Re: Realized we made a major mistake and feeling really sick.

My wife recently made us sit down and calculate what our old company stock options would be worth had we never sold any over the years and held them up until now. We had been consistently selling over many years at a regular schedule. In total we have made roughly 850k before taxes on these options...
by Chadnudj
Wed Jan 15, 2020 9:56 pm
Forum: Personal Consumer Issues
Topic: Chicago 'special occasion' but not 'expense account' restaurant recommendations?
Replies: 54
Views: 3623

Re: Chicago 'special occasion' but not 'expense account' restaurant recommendations?

Giant. Best food in the city (shared small plates so you can try a lot with amazing flavors that are totally unique), totally reasonably priced, and very cool. (Whoever called it Midwestern food above is sadly very mistaken) That was me, I remember it being amazing, but not the specific dishes I ha...
by Chadnudj
Wed Jan 15, 2020 10:13 am
Forum: Personal Consumer Issues
Topic: Chicago 'special occasion' but not 'expense account' restaurant recommendations?
Replies: 54
Views: 3623

Re: Chicago 'special occasion' but not 'expense account' restaurant recommendations?

Unfortunately Alinea would be lost on Big Al and although I eagerly scrutinized the Topolobampo tasting menu, the experience might try his patience. I'll definitely look into the Greektown suggestions - I've had many enjoyable meals there but nothing yet as 'special' as befitting the occasion. The ...
by Chadnudj
Wed Jan 15, 2020 10:09 am
Forum: Personal Consumer Issues
Topic: Chicago 'special occasion' but not 'expense account' restaurant recommendations?
Replies: 54
Views: 3623

Re: Chicago 'special occasion' but not 'expense account' restaurant recommendations?

I'm planning a birthday weekend in the Windy City for my partner's 60th in March. Seeking recommendations for non-touristy, not overly formal but 'special' dining options for a celebratory meal. Alinea or any other degustation experience is not on the cards (I'd love it for my birthday, but I feel ...
by Chadnudj
Mon Jan 06, 2020 11:42 am
Forum: Personal Investments
Topic: Secure act - should I shift to taxable
Replies: 69
Views: 7971

Re: Secure act - should I shift to taxable

Also, there is a really easy way to reduce the pain of that "tax bomb" your heir(s) may face if you/they are in the fortunate position of having such a large tax-deferred balance that the 10-year provision of the SECURE Act bumps them into seriously high brackets: Start withdrawing extra money now a...
by Chadnudj
Mon Jan 06, 2020 11:36 am
Forum: Personal Investments
Topic: Secure act - should I shift to taxable
Replies: 69
Views: 7971

Re: Secure act - should I shift to taxable

My father was an accountant. When I was growing up he always said "A tax deferred is a tax avoided". When I started working, during the mid-1970s, I had no way of knowing what the world would look like in 2020, but I trusted my father's advice and put as much of my income as possible in tax-deferre...
by Chadnudj
Sat Jan 04, 2020 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mortgage?
Replies: 47
Views: 5155

Re: Refinance Mortgage?

You could always explore a 20-year mortgage -- it'd give you a little more breathing room than the 15, but a lower interest rate than the 30. And you seem to have enough savings/room in your budget to afford it (given the $1.4 million between retirement/taxable accounts, fact you have no other debt,...
by Chadnudj
Fri Jan 03, 2020 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 1595
Views: 146141

Re: Refinance Mega Thread

If I refinanced now (not a cash-out refinance -- just a plain refinance), would I be refinancing into a conforming loan, thereby getting a non-jumbo (and thus lower) rate? Yes the new loan would be conforming. However that doesn't necessarily mean the rate will be lower. Oftentimes jumbo rates are ...
by Chadnudj
Thu Jan 02, 2020 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 1595
Views: 146141

Re: Refinance Mega Thread

Can I ask a (perhaps) dumb question that I haven't been able to figure an answer out on? We bought our house in November 2018 -- $625k, $500k 30 year jumbo mortgage at 4.5%. At the time, the conforming loan limit in our county was $453,100, so we had to get the jumbo. Now, for 2020, the conforming l...
by Chadnudj
Thu Jan 02, 2020 2:32 pm
Forum: Investing - Theory, News & General
Topic: Going from 24 to 26 pay cycles [Impact on 401(k) contributions?]
Replies: 27
Views: 1495

Re: Going from 24 to 26 pay cycles

The real trick is to learn to budget as if you only receive 2 paychecks a month, and then plow the 2 times a year you receive a third paycheck in a month into investing/savings/debt reduction.
by Chadnudj
Tue Dec 31, 2019 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: How much were you able to save this year?
Replies: 142
Views: 10912

Re: How much were you able to save this year?

Let's see: - $286k pre-tax income between the 2 of us - S36k total into 401ks (including employer matches -- we're now at max-out level for 2020 though) - $1,750 total into 529s - Paid down total of $23,500 in debt (mortgage principal, student loan principal, and car loans principal). That would put...
by Chadnudj
Mon Dec 30, 2019 2:17 pm
Forum: Investing - Theory, News & General
Topic: If You Only Invest in an Index, You’ll Never Beat It
Replies: 100
Views: 10297

Re: If You Only Invest in an Index, You’ll Never Beat It

Actually, assuming general long term trends in the market hold (i.e. over the very long term markets go up, with volatility between now and the unspecified time in the "long term" existing), you CAN beat the Index by only investing in the Index Fund.....thanks to Dollar Cost Averaging. Take an extre...
by Chadnudj
Thu Dec 26, 2019 1:07 pm
Forum: Personal Investments
Topic: To Convert or Not To Convert? Traditional Rollover IRA to Roth?
Replies: 4
Views: 494

Re: To Convert or Not To Convert? Traditional Rollover IRA to Roth?

I have a roth ira i have funded for many years. I am no longer able to directly contribute due to exceeding the income limitations. I have a Rollover IRA (Traditional pre-tax) that has about 40,000 in it. I'd like to be able to do a backdoor roth but can't do so (easily, or tax efficiently with pro...
by Chadnudj
Thu Dec 26, 2019 1:05 pm
Forum: Personal Investments
Topic: 401k or Roth 401k in my situation
Replies: 10
Views: 601

Re: 401k or Roth 401k in my situation

One more thing -- you mention:
I’ll just be into the 24% Bracket in taxes when considering the standard deduction.
By contributing to a traditional 401k, you might be able to drop down into the 22% bracket instead.

This really seems like a no-brainer for me, to do the Traditional 401k.
by Chadnudj
Thu Dec 26, 2019 1:01 pm
Forum: Personal Investments
Topic: 401k or Roth 401k in my situation
Replies: 10
Views: 601

Re: 401k or Roth 401k in my situation

For most people (including you), the correct answer is Traditional 401k. If you put too much into Traditional 401ks, your problem is that you end up with too much money at age 70.5 when you have to start taking RMDs, and you pay taxes at a higher bracket than your current 24% bracket. For married fi...
by Chadnudj
Thu Dec 12, 2019 11:05 am
Forum: Personal Consumer Issues
Topic: Day Trip to Downtown Chicago
Replies: 62
Views: 3646

Re: Day Trip to Downtown Chicago

Chicagoan here (well, burbs now) with two kids who has in-laws in Michigan and is thus very familiar with the route you'll be travelling. I'd suggest leaving VERY early in the morning from SW Michigan, shooting to get to the underground parking lot structure under Millennium Park by 8 am. You'll mis...
by Chadnudj
Thu Nov 28, 2019 8:50 am
Forum: Personal Consumer Issues
Topic: Florida for winter break
Replies: 39
Views: 4724

Re: Florida for winter break

Sarasota has the best beach on the planet (Siesta Key), and is almost precisely 2 hours from Orlando/Disney.
by Chadnudj
Mon Nov 25, 2019 2:01 pm
Forum: Personal Investments
Topic: Challenge Conventional Thought: Why NOT pay off a mortgage with 20-25 years before retirement?
Replies: 143
Views: 10772

Re: Challenge Conventional Thought: Why NOT pay off a mortgage with 20-25 years before retirement?

Two thoughts: 1. Don't sacrifice the liquidity of your taxable accounts/CDs, etc. for the illiquidity of a paid-off home as an asset. You can always use liquidity down the line to pay off the house/pay a mortgage; you cannot as easily tap your equity in the illiquid home to pay for groceries, etc. 2...
by Chadnudj
Fri Nov 22, 2019 7:21 am
Forum: Personal Finance (Not Investing)
Topic: Basic Question on Investment Taxes
Replies: 15
Views: 757

Re: Basic Question on Investment Taxes

1. You will be taxed annually on the dividends the mutual funds pay out (plus any realized capital gains of the mutual funds). Generally speaking, with $700k in a S&P500 type mutual fund, you'd likely see around $14k in dividends paid out annually. But we don't know what mutual funds you have, so we...
by Chadnudj
Mon Nov 18, 2019 11:45 am
Forum: Personal Consumer Issues
Topic: Best thing you have ever bought?
Replies: 151
Views: 14057

Re: Best thing you have ever bought?

This will sound dumb, but: The Wire Tek 1001 EasySet Mole Eliminator Trap (2-pack). Why? 1. I had tried a bunch of things that just didn't work -- poisoned worms, castor oil sprays, etc. -- and the moles were still ruining my yard. 2. I had inherited some traps from the previous owner, that were dam...
by Chadnudj
Mon Nov 11, 2019 12:04 pm
Forum: Personal Investments
Topic: Windfall
Replies: 21
Views: 2235

Re: Windfall

You mention you are 2-5 years from full retirement, and others have covered paying down mortgage/investing at your AA, etc. But what about just saving this for some of those long-term big financial hits that you'll inevitably need to take/make at some point between now and retirement (or even within...
by Chadnudj
Wed Nov 06, 2019 5:00 pm
Forum: Personal Consumer Issues
Topic: Maximize 1 Day at Disney
Replies: 48
Views: 3258

Re: Maximize 1 Day at Disney

A couple thoughts: 1) Go midweek if possible, not weekends. The park is much less crowded during the week. 2) Get there the day before, check in to your hotel, and do the pool before hitting Disney Springs or the restaurant at your hotel for dinner. (Wilderness has a great pool with slide that my th...
by Chadnudj
Wed Nov 06, 2019 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Best month to take RMDs?
Replies: 86
Views: 5024

Re: Best month to take RMDs?

bryanm wrote:
Wed Nov 06, 2019 10:54 am
aerosurfer wrote:
Wed Nov 06, 2019 10:51 am
"Sell in May and Go Away"

That advice will never be more than 11/12ths incorrect, but I challenge you to a better Jingle.
"Sell in July while the market is high"
"Sell in December when it's closer to the end-er."
by Chadnudj
Wed Nov 06, 2019 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Disability vs Term Life?
Replies: 19
Views: 1167

Re: Disability vs Term Life?

I'm pretty much insuranced-out now as I've updated home/auto/umbrella/working on a term life policy this year. One thing my agent brought up was getting disability insurance (with own occupation). I understand the need and that it's more likely than death, which explains the cost, but I almost feel...
by Chadnudj
Wed Nov 06, 2019 7:10 am
Forum: Investing - Theory, News & General
Topic: WaPo: Many Investors Have Sat Out Rally
Replies: 87
Views: 15716

Re: WaPo: Many Investors Have Sat Out Rally

A. B. B. Always. Be. Buying. At least, that's my philosophy until I hit my number, whatever that is (hard to say right now with two young boys in daycare and a new house what our actual expenses are, and we're so far off that calculating 25X or 30X or 33X or whatever expenses is just a huge guessin...
by Chadnudj
Wed Nov 06, 2019 7:07 am
Forum: Personal Investments
Topic: How long before retire?
Replies: 14
Views: 2514

Re: How long before retire?

Think strategically about shooting to retire with enough time before your oldest goes to college (I'm not sure specifically how early that is, but I think it's at least 2 years before the year they'd start college) that your income for FAFSA purposes looks low, and you might be able to get income-ba...
by Chadnudj
Sat Oct 26, 2019 6:47 am
Forum: Investing - Theory, News & General
Topic: WaPo: Many Investors Have Sat Out Rally
Replies: 87
Views: 15716

Re: WaPo: Many Investors Have Sat Out Rally

A. B. B. Always. Be. Buying. At least, that's my philosophy until I hit my number, whatever that is (hard to say right now with two young boys in daycare and a new house what our actual expenses are, and we're so far off that calculating 25X or 30X or 33X or whatever expenses is just a huge guessing...
by Chadnudj
Thu Oct 24, 2019 2:11 pm
Forum: Personal Investments
Topic: Top tax bracket for life, taking RMDs, stop making 401k contributions?
Replies: 22
Views: 2031

Re: Top tax bracket for life, taking RMDs, stop making 401k contributions?

Does it make sense to be aggressive with Roth conversions instead? I think you/they should be aggressive, and convert a lot (if not all) of it. It appears it won't change the marginal tax rate they pay, and they apparently have enough income from other sources that they don't really need this money...
by Chadnudj
Fri Oct 11, 2019 6:20 am
Forum: Personal Finance (Not Investing)
Topic: extra $2000/month?
Replies: 14
Views: 2964

Re: extra $2000/month?

39 y.o. married 3 kids (8,6,0) Maxing out all retirement space (62k/year) 529 contributions on track (18k/year) current retirement 667k emergency fund 40k current 529 savings 92k home mortgage 148k 3.125% ($750/month) rental mortgage 178k 4.75% - schedule E ($1,616/month) I have an additional $2,00...
by Chadnudj
Sat Sep 28, 2019 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Convince me not to raid my Roth to buy first condo
Replies: 46
Views: 3533

Re: Convince me not to raid my Roth to buy first condo

I typically can save around $1,000-$1,500 a month at my current clip so there is more stuff in here that is not listed. Okay, let's say you can save $1000 a month, and you have until next July, so roughly 10 months. That's $10k, plus your $32k in cash, so you're at $42k. That's more than enough to ...
by Chadnudj
Fri Sep 27, 2019 7:56 am
Forum: Investing - Theory, News & General
Topic: Asset Allocation Approaching Age 40s
Replies: 22
Views: 3091

Re: Asset Allocation Approaching Age 40s

Just turned 40, spouse will be turning 40 in a couple months. We're at about 80/20 or 75/25 across all our accounts. I plan to never go less than 60/40, period, and would prefer to just stay 80/20 permanently. I'm probably a bit more risk tolerant than most, though, and I'm definitely over 10 years ...
by Chadnudj
Tue Sep 10, 2019 3:14 pm
Forum: Personal Investments
Topic: Retired Couple Age 60, Looking for Input and Suggestions on Current Portfolio Please
Replies: 12
Views: 2550

Re: Retired Couple Age 60, Looking for Input and Suggestions on Current Portfolio Please

I do see that logic and feel more comfortable doing so now that we have been retired three years and can see how our retirement finances are playing out (have always known we should have more in equities, but have always been conservative, and even though we have been, its working in retirement so ...
by Chadnudj
Tue Sep 10, 2019 5:08 am
Forum: Personal Investments
Topic: Retired Couple Age 60, Looking for Input and Suggestions on Current Portfolio Please
Replies: 12
Views: 2550

Re: Retired Couple Age 60, Looking for Input and Suggestions on Current Portfolio Please

The pensions are like a fixed income asset, which means that you can probably tolerate a rather high exposure to equities or other risky asset. Even higher than 50% would be fine, if you had appetite for that risk. I'd second this post. With those pensions ($100k) essentially covering twice your an...
by Chadnudj
Thu Aug 29, 2019 3:36 pm
Forum: Personal Consumer Issues
Topic: Tailgating Equipment Recommendations
Replies: 22
Views: 1414

Re: Tailgating Equipment Recommendations

Weber Charcoal Grill, chimney starter and Kingsford Professional charcoal I'll dissent here. Find a propane camping style grill -- easier to clean/transport, warms up/cools down quicker meaning you get food faster/packed up easier, and some models feature both a grill and griddle meaning you're goo...
by Chadnudj
Fri Aug 23, 2019 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Bought a home a year back, thinking of selling now
Replies: 51
Views: 5621

Re: Bought a home a year back, thinking of selling now

1. Hoard cash. 2. Get a HELOC now while you're both still employed. Seems like your concern is more of the "we don't have enough emergency funds to make ends meet if we encounter job losses" type than a "oh my god this house was a bad idea" type. So hoard some cash to increase your emergency funds, ...
by Chadnudj
Wed Aug 21, 2019 11:46 am
Forum: Personal Consumer Issues
Topic: Do you buy new or used cars?
Replies: 183
Views: 21392

Re: Do you buy new or used cars?

The last 2 cars we've bought have been new (2016 Ford Explorer in December 2015, 2019 Toyota Camry Hybrid in October 2018). We're not car people at all, so we end up driving our cars until they're falling apart (spouse and I both had our cars prior to this 10+ years each). And with young kids/more d...
by Chadnudj
Tue Aug 13, 2019 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Sold Home - $300,000 Profit - Invest or Pay Cash For New House?
Replies: 58
Views: 5886

Re: Sold Home - $300,000 Profit - Invest or Pay Cash For New House?

Chadnudj, <<You're missing option C: OP and/or OP's spouse retires early/goes part-time such that their combined income is low enough to qualify for financial aid when their kids start entering college in 7 years. >> For (C), if the income is low enough, they can move all their money from the taxab...
by Chadnudj
Mon Aug 12, 2019 3:45 pm
Forum: Investing - Theory, News & General
Topic: threshold for paying debt
Replies: 41
Views: 3183

Re: threshold for paying debt

I think it's about more than interest rates, to be honest. For instance, I have student loans/car loans right now. Even though one of my student loans is at a higher interest rate, extra money is going towards a really low interest car loan. Why? Because my minimum payment on that is by far the most...
by Chadnudj
Tue Aug 06, 2019 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: How to locate realtor in Chicago
Replies: 7
Views: 360

Re: How to locate realtor in Chicago

OP -- if you're interested, I live in the area, and would be happy to refer you to a good realtor I used, and the names of others I know that friends have used (that I only didn't use because I already had a relationship with my realtor). Feel free to DM me.
by Chadnudj
Tue Aug 06, 2019 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Sold Home - $300,000 Profit - Invest or Pay Cash For New House?
Replies: 58
Views: 5886

Re: Sold Home - $300,000 Profit - Invest or Pay Cash For New House?

I'll offer one quibble: you're ignoring financial aid possibilities/considerations. Generally speaking (and I'm not entirely up to speed on this, so I apologize in advance if I get anything wrong), financial aid doesn't consider your home value or retirement accounts in assessing ability to pay, bu...
by Chadnudj
Fri Aug 02, 2019 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Sold Home - $300,000 Profit - Invest or Pay Cash For New House?
Replies: 58
Views: 5886

Re: Sold Home - $300,000 Profit - Invest or Pay Cash For New House?

By the time the first one is in college, he will have approaching half of it saved in a 529. Based on saving $18K a year plus growth plus whatever he was already saving. So that leaves the rest to be used from cash flow of no house payment. $360K - 160K (low est) = $200K. $200K/12 years = $16.7K pe...