Search found 550 matches

by Chadnudj
Tue Jan 24, 2017 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 416
Views: 97892

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: 2370

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: 6631

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: 1378

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: 6631

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: 6631

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: 719

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.
by Chadnudj
Sat Jan 14, 2017 1:02 pm
Forum: Investing - Theory, News & General
Topic: Shouldn't everyone do a traditional IRA/401k instead of a Roth?
Replies: 132
Views: 7325

Re: Shouldn't everyone do a traditional IRA/401k instead of a Roth?

jacoavlu wrote:My 10 year old daughter has a paper route and made $5000
She will file a tax return and her liabliltiy will be $0.
Should she contribute to a tIRA or a Roth IRA?


Almost certainly a Roth.
by Chadnudj
Sat Jan 14, 2017 12:59 pm
Forum: Investing - Theory, News & General
Topic: Shouldn't everyone do a traditional IRA/401k instead of a Roth?
Replies: 132
Views: 7325

Re: Shouldn't everyone do a traditional IRA/401k instead of a Roth?

Who would have more income as a retiree than when they're working? I do. I kept my taxable income down in the 25% bracket while working and contributing the max to my tax deferred 403(b). In retirement, I'm now in the 28% bracket. This is not a terrible situation but, knowing what I do now, I would...
by Chadnudj
Sat Jan 14, 2017 8:00 am
Forum: Investing - Help with Personal Investments
Topic: 65k Cash. 25 y/o. Best place to put this?
Replies: 25
Views: 1595

Re: 65k Cash. 25 y/o. Best place to put this?

Derivative wrote:Can the 529 save me on my income taxes now or will the earnings only be tax free?


Both. The 529 will be a state (not federal) income tax deduction, and its earnings will be tax free.
by Chadnudj
Sat Jan 14, 2017 12:15 am
Forum: Investing - Help with Personal Investments
Topic: 65k Cash. 25 y/o. Best place to put this?
Replies: 25
Views: 1595

Re: 65k Cash. 25 y/o. Best place to put this?

I currently have 65k cash in a 1% APY savings account. I'm 25 y/o planning to go to medical school within 2 years. Is this the best place to put this cash? I already have maxed out my Vanguard Roth IRA contributions. I have no house and am currently renting. Not sure if I should try to purchase a h...
by Chadnudj
Sat Jan 14, 2017 12:04 am
Forum: Personal Finance (Not Investing)
Topic: Let's say you are dying this year
Replies: 46
Views: 6596

Re: Let's say you are dying this year

The frequent flyer miles seems to be a big YMMV. Officially their airline (AA) does not permit miles to be inherited, although there are some anecdotal exceptions. They have had top tier status with AA for several years so that may help, on the other hand it's not something I would necessarily coun...
by Chadnudj
Fri Jan 13, 2017 11:58 pm
Forum: Investing - Help with Personal Investments
Topic: Sell stock to pay debt?
Replies: 23
Views: 1016

Re: Sell stock to pay debt?

I'm on track to have the loans paid off March 2018. I do have extra cash flow but most of that goes toward paying down the mortgage at 4%. Mathematically, that makes no sense. The student loans both have higher interest rates. You're in the 28% tax bracket, so the interest on those student loans ar...
by Chadnudj
Thu Jan 12, 2017 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: How to best approach saving for retirement/debt reduction
Replies: 14
Views: 674

Re: How to best approach saving for retirement/debt reduction

It's not going to be a popular position here on Bogleheads, but maybe consider lining up another credit card that would have a 0% balance transfer offer in case you're not done paying off the CC debt in 18 months. Even if there is a one-time 3% fee on the balance transfer (which is typical), that's ...
by Chadnudj
Wed Jan 11, 2017 4:52 pm
Forum: Investing - Help with Personal Investments
Topic: How to allocate 3-6 million in assets to achieve goals?
Replies: 65
Views: 6349

Re: How to allocate 3-6 million in assets to achieve goals?

$500k in a cash "emergency fund" (kept in 2-5 online savings banks to ensure FDIC insurance limits are observed) $5.5 million in VTSAX. The $5.5 million in VTSAX, with a current SEC dividends yield of 1.96%, would yield $107,800 per year ($8983 a month), nearly $3k a month in excess of you...
by Chadnudj
Wed Jan 11, 2017 1:48 pm
Forum: Investing - Help with Personal Investments
Topic: How're we doing?
Replies: 33
Views: 3365

Re: How're we doing?

I feel like there are some details missing that skew the advice to pay off the debt first. What we see is a large amount of debt and a negative networth, which quickly leads one to think you shouldn't take on more debt with a house. However, you also have a large income, and as a percentage of your...
by Chadnudj
Wed Jan 11, 2017 1:32 pm
Forum: Investing - Help with Personal Investments
Topic: How're we doing?
Replies: 33
Views: 3365

Re: How're we doing?

We discussed last night finding a better 2+ bedroom apartment that we can live in even if we have a baby in a year. That way we get out of our current situation faster (this spring is the target) and put off the need to find a house until we're financially ready for it. We'll double our rent in the...
by Chadnudj
Tue Jan 10, 2017 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Dumping An Out Of State Condo
Replies: 8
Views: 1020

Re: Dumping An Out Of State Condo

Why not get in touch with a national company like Keller Williams deal with agent in your town and they work with agent where condo is located. This. Get a referral from someone in your area for an agent down there. Odds are, they know someone. (Or: where in South Florida? I know a number of realto...
by Chadnudj
Tue Jan 10, 2017 12:09 pm
Forum: Investing - Help with Personal Investments
Topic: What would you do with $30k at 30 years old?
Replies: 49
Views: 3462

Re: What would you do with $30k at 30 years old?

I have $30k to invest -I have a Roth IRA already and have paid off my debt. -I am a remodeler and have the ability to flip houses for less cost than most people. What would you do? Real estate? Stocks? something else? What type of flips would you do? If it's a "it's a place that you could affo...
by Chadnudj
Tue Jan 10, 2017 12:06 pm
Forum: Investing - Theory, News & General
Topic: Shoe Shine boy stock tipper, Island owning truck drivers, what's next?
Replies: 8
Views: 1272

Re: Shoe Shine boy stock tipper, Island owning truck drivers, what's next?

That said, in my HCOL area homes are already worth more than they were at the peak. If they were unsustainable then, I'm not sure why they are sustainable now. To be fair, 9 years of inflation plus record low interest rates (that make borrowing money "cheap") probably mean homes at or eve...
by Chadnudj
Mon Jan 09, 2017 4:24 pm
Forum: Investing - Help with Personal Investments
Topic: How're we doing?
Replies: 33
Views: 3365

Re: How're we doing?

Here's another thought, for those who are saying kill the student loan first (and again: I agree, in theory that's 100% the way to go--but in our situation it's not feasible to stay in this 1-bed apartment with children and we're not putting off kids, I'd rather retire a little later, or with a lit...
by Chadnudj
Mon Jan 09, 2017 4:19 pm
Forum: Investing - Help with Personal Investments
Topic: How're we doing?
Replies: 33
Views: 3365

Re: How're we doing?

6. Back to the house: do you REALLY need it by fall 2017? That's the problem. We live in a small 1-bed apartment. It's livable with the two of us and our dog, but add a tiny human to the mix and it'd be tough--not impossible, but tough. There's the emotional element too, I've been here 5.5 years, m...
by Chadnudj
Mon Jan 09, 2017 4:13 pm
Forum: Investing - Theory, News & General
Topic: To Cash or Not To Cash...
Replies: 13
Views: 1615

Re: To Cash or Not To Cash...

I wonder why you need/want to do anything with this 401(k) a week after retiring. I had a Fido 401(k) and it took me about a year to do anything with it. And I'm glad I did because my company added true-up money and pofit-sharing money to my account about 6 months later. When I rolled it over, I go...
by Chadnudj
Fri Jan 06, 2017 5:45 pm
Forum: Investing - Help with Personal Investments
Topic: 500K milestone celebration
Replies: 74
Views: 7039

Re: 500K milestone celebration

Very cool....my stretch goal is to make it there (albeit $500k in net worth, conservatively estimated since I don't count any growth in my home value from the price I paid for it) by the end of this year (complicated by spouse taking 6 months off for maternity leave and childcare costs after that).....
by Chadnudj
Fri Jan 06, 2017 5:10 pm
Forum: Investing - Help with Personal Investments
Topic: How're we doing?
Replies: 33
Views: 3365

Re: How're we doing?

Questions: 1. We have no true 'emergency fund', just the savings for the house. I hate the brokerage acct she has (opened five years ago, 0.85% annualized return, high expense ratios, high portfolio turnover). My idea is to close that into a savings account as our emergency fund (would amount to ~5...
by Chadnudj
Thu Jan 05, 2017 4:11 pm
Forum: Investing - Theory, News & General
Topic: Are Younger people funding 529 Plans?
Replies: 109
Views: 7327

Re: Are Younger people funding 529 Plans?

The state tax deductions aren't always a big impact. For example: my state offers a tax deduction and at our income our marginal state income tax rate is 4.597%. You can deduct $2,000 per beneficiary. That only amounts to about $92 per year in tax breaks. If that's enough to make you risk paying th...
by Chadnudj
Wed Jan 04, 2017 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: spousal disagreement over how much house to buy
Replies: 99
Views: 6373

Re: spousal disagreement over how much house to buy

23% of gross pay (when you have no other debt and steady jobs) doesn't seem like a red flag to me at all for a place that checks off all of your list....particularly when the other option is just a 5% reduction in that amount and would require you to oversee renovation work/deal with the inconvenien...
by Chadnudj
Tue Jan 03, 2017 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Study on SWR rates for Early Retirement
Replies: 63
Views: 5905

Re: Study on SWR rates for Early Retirement

The best strategy is to pick something that seems sensible, then adjust based on changes in your portfolio and expenses. Realize that studies of the past have limited utility. Also realize that how to adjust is not going to be entirely clear. Consider: - Alan retires on 1/1/2016 with portfolio of $...
by Chadnudj
Tue Jan 03, 2017 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Study on SWR rates for Early Retirement
Replies: 63
Views: 5905

Re: Study on SWR rates for Early Retirement

I will note that the original article uses a 100% equities portfolio for its calculations. The study looks at 100% 75% 50% 25% and 0% equities. However, what frequently goes entirely UNEXPLORED by these studies is what amount you end up with in the 90% of SUCCESSFUL outcomes. Indeed, in some not-in...
by Chadnudj
Tue Jan 03, 2017 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Study on SWR rates for Early Retirement
Replies: 63
Views: 5905

Re: Study on SWR rates for Early Retirement

I will note that the original article uses a 100% equities portfolio for its calculations, which is not optimal based on portfolio theory, but particularly ill-suited for a draw-down scenario. I'd be curious to see the results with a still-equity heavy 80-20 stock-bond portfolio, with re-balancing f...
by Chadnudj
Mon Jan 02, 2017 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: How do you view money over and above your number?
Replies: 50
Views: 5576

Re: How do you view money over and above your number?

Being the start of a new year, I did some calculations and am trying to figure out what the results mean to my life. I started using the variable withdrawal method last year and updated my spreadsheet for the first time. I underspent during 2016 what was allocated according to the spreadsheet by $4...
by Chadnudj
Mon Jan 02, 2017 11:07 pm
Forum: Investing - Theory, News & General
Topic: Are Younger people funding 529 Plans?
Replies: 109
Views: 7327

Re: Are Younger people funding 529 Plans?

I hardly think this is surprising at all, for a variety of reasons: 1. People are getting married later, and thus having children later. No reason to do a 529 until you have a kid (or at least prioritize doing one until you have a kid), so if you're not having kids until you're 34 (which is when my ...
by Chadnudj
Mon Dec 26, 2016 12:17 am
Forum: Personal Finance (Not Investing)
Topic: 54K left in Federal Student Loans.....wanting to buy/build a home.
Replies: 19
Views: 1762

Re: 54K left in Federal Student Loans.....wanting to buy/build a home.

Scubadiver. Thanks for the post. We paid off 43k as a total, the car loan and student loans. We do plan to keep on plugging away at it. Just gets old sometimes lol, paying so much toward Debt we don't really do ne thing but are grateful that our situation allows this. We have roughly 31k left and p...
by Chadnudj
Wed Dec 21, 2016 12:49 am
Forum: Personal Finance (Not Investing)
Topic: Job switch dilemma
Replies: 40
Views: 3260

Re: Job switch dilemma

Isn't there a less drastic solution? Like a summer sabbatical where you spend 2 months, with your wife/kids, living out there? In your shoes, I'd stay. Wife would prefer to stay (and it sounds like her parents are there), oldest kid wants to stay (and moving when in middle school/going into high sch...
by Chadnudj
Tue Dec 20, 2016 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Debt payoff: prioritizing cash flow vs. interest rate?
Replies: 17
Views: 1204

Re: Debt payoff: prioritizing cash flow vs. interest rate?

For what its worth, we're in a similar boat (significant law school debt). After paying off the >5% debt and saving enough for the downpayment on our personal residence, we are targeting loan payoff based on the cash flow benefit. Right now all the interest rates are roughly close enough that we ar...
by Chadnudj
Tue Dec 20, 2016 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Debt payoff: prioritizing cash flow vs. interest rate?
Replies: 17
Views: 1204

Re: Debt payoff: prioritizing cash flow vs. interest rate?

However, I have a hard time seeing any advantage in paying taxes in your highest bracket now in order to convert any existing tax-deferred funds to a Roth IRA, while at the same time paying more taxes than necessary --also in your highest bracket-- while you are not maxing out the 401(k) or other t...
by Chadnudj
Tue Dec 20, 2016 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Debt Payoff Priorities - Insight Please
Replies: 38
Views: 3814

Re: Debt Payoff Priorities - Insight Please

Do you really need the $5k emergency fund? From the looks of things, you have $8k in a Roth account already, presumably at least $5k of that is your contributions (which can be withdrawn at any time). So, voila, you have a $5k emergency fund. That would free you up to throw more at the truck/student...
by Chadnudj
Tue Dec 20, 2016 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Debt payoff: prioritizing cash flow vs. interest rate?
Replies: 17
Views: 1204

Re: Debt payoff: prioritizing cash flow vs. interest rate?

That's a tough one, since that has the higher balance and would take longer to eliminate. But certainly switch focus if the interest rates bump up. You could come up with a good argument for prioritizing any one of your loans. I guess the important thing is chipping away at the balances and making ...
by Chadnudj
Mon Dec 19, 2016 11:53 pm
Forum: Personal Finance (Not Investing)
Topic: Debt payoff: prioritizing cash flow vs. interest rate?
Replies: 17
Views: 1204

Re: Debt payoff: prioritizing cash flow vs. interest rate?

... -- saving a lot in retirement accounts... If a lot does not mean the max you're allowed in any available tax-deferred retirement plans like a 401(k), it sounds you have enough income and high enough tax bracket that those should be your highest priority over paying down any of those debts faste...
by Chadnudj
Mon Dec 19, 2016 11:41 pm
Forum: Personal Finance (Not Investing)
Topic: Debt payoff: prioritizing cash flow vs. interest rate?
Replies: 17
Views: 1204

Re: Debt payoff: prioritizing cash flow vs. interest rate?

I would be careful about fixing loan #2 in your mind as the "higher interest rate" loan. An increase of 0.25% in your variable interest rate and loan #1 would become your higher interest rate loan by the same amount that loan #1 is now. Definitely a good point (particularly with interest ...
by Chadnudj
Mon Dec 19, 2016 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Debt payoff: prioritizing cash flow vs. interest rate?
Replies: 17
Views: 1204

Re: Debt payoff: prioritizing cash flow vs. interest rate?

I'd go after the car loan first also. That monthly payment made me gasp! I'd also save the rental for last on the list. Someone else is making the payment, as long as there's a renter in there. And, you get to take all the interest paid on the rental as a deduction. My take on it anyway. Yeah, the ...
by Chadnudj
Mon Dec 19, 2016 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: Debt payoff: prioritizing cash flow vs. interest rate?
Replies: 17
Views: 1204

Re: Debt payoff: prioritizing cash flow vs. interest rate?

That being said - none of the interest in the car loan is tax deductible. No knowing what your AGI is, some or all of your student loan interest is tax deductible and your rental house mortgage is 100% tax deducible (although all your income there could be passive again depending on your AGI). You ...
by Chadnudj
Mon Dec 19, 2016 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Debt payoff: prioritizing cash flow vs. interest rate?
Replies: 17
Views: 1204

Debt payoff: prioritizing cash flow vs. interest rate?

Question for the Boglehead community -- when paying off debt, would you prioritize freeing up cash flow, or just paying down the highest interest debt? To make this question less academic, here is our situation: I'm blessed with a great job that to-date has paid generous bonuses about twice a year. ...
by Chadnudj
Fri Dec 16, 2016 12:14 am
Forum: Investing - Theory, News & General
Topic: What do you think is in more of a bubble right now?
Replies: 57
Views: 6612

Re: What do you think is in more of a bubble right now?

Gold. Then again, I think gold is always in a bubble. It's a hunk of metal, that on its own creates no jobs, makes no product, earns no interest, and makes no profit. It just sits there. I will never invest in gold (to the extent I can control -- I can't help it if some small, unknown part of Vangua...
by Chadnudj
Fri Dec 16, 2016 12:09 am
Forum: Investing - Theory, News & General
Topic: Ellis: "Under 40 years old - 100% in Stocks"
Replies: 54
Views: 5673

Re: Ellis: "Under 40 years old - 100% in Stocks"

Portfolio theory tells you that you're best served having some, small percentage in bonds, regardless of age, as it decreases volatility without meaningfully reducing returns. My 401k has Vanguard LifeStrategy Growth (80/20 stocks) as a low cost index option (indeed lower cost than trying to build i...
by Chadnudj
Tue Dec 13, 2016 8:21 am
Forum: Investing - Help with Personal Investments
Topic: Difficult choices among ability, willingness, and need to take risk
Replies: 28
Views: 2534

Re: Difficult choices among ability, willingness, and need to take risk

Interesting conundrum/position to be in. In your case, why not: (a) Invest the $1.2 million (which you don't need, since your pension/SS more than cover your needs) VERY conservatively -- TIPS, bond funds, CDs. Maybe a small percentage (20%?) in Total Market Stock (VTSAX) (b) Any interest/dividends ...
by Chadnudj
Mon Dec 12, 2016 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Age to Take Social Security: The Ideal and the Reality
Replies: 86
Views: 12025

Re: Age to Take Social Security: The Ideal and the Reality

A very shallow article, this one. Nowhere does it mention that the average lifetime payout total is roughly the same, no matter what age you claim at, and especially for men, who have decreased life expectancy vs women... This ignores, however, survivor factors (i.e. a male higher earner may be bet...
by Chadnudj
Mon Dec 12, 2016 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: Our first baby. Prioritizing investments - Home Downpayment, Retirement, 529?
Replies: 19
Views: 1087

Re: Our first baby. Prioritizing investments - Home Downpayment, Retirement, 529?

1) Put enough in deductible retirement accounts to get down to the 15% tax bracket. I feel stupid asking this but what is the taxable income amount that would put us in the 15% tax bracket? I suppose if we each have a Solo 401K we'd be able to put $40K each tax deferred which would bring our taxabl...
by Chadnudj
Sun Dec 11, 2016 11:31 pm
Forum: Personal Consumer Issues
Topic: Looking for a Mattress
Replies: 37
Views: 3010

Re: Looking for a Mattress

We just bought one for our toddler from Brooklyn Bedding Co, and have been very happy -- really easy experience, we could select the firmness level, and the mattress was really nice. Seemed a little more affordable, too, than some other options.
by Chadnudj
Sun Dec 11, 2016 11:29 pm
Forum: Personal Consumer Issues
Topic: Netflix Question
Replies: 30
Views: 3828

Re: Netflix Question

If you want to help her out with minimal oversight, maybe gift her a Netflix subscription? I'm pretty sure you can get her gift cards for a certain number of months, etc.

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