Search found 20 matches

by rocketrex
Thu May 04, 2017 8:32 am
Forum: Investing - Help with Personal Investments
Topic: Too much Money?
Replies: 40
Views: 7688

Re: Too much Money?

What's your savings rate?
by rocketrex
Wed May 03, 2017 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: First Milestone of many!
Replies: 11
Views: 2158

Re: First Milestone of many!

.....but it's kinda crazy to think how fast that number actually does move if you commit to making it. So much truth in the whole 'what gets measured, improves". Whatever sent you down this path to financial awareness, be thankful for it. It is quite possibly one of the most important life changing...
by rocketrex
Wed May 03, 2017 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a luxury car (how dumb would it be to do this?)
Replies: 216
Views: 21814

Re: Buying a luxury car (how dumb would it be to do this?)

How about a 2 year old Highlander and then buy a fun car to go with it. We were trying to decide between an X5, Cayan, Q7, Range Rover Sport to replace my wife's MDX. They were nice and all and kindof fun to drive, but still a 2.5 ton behemoth. We ended up keeping the MDX for hauler duty and added ...
by rocketrex
Wed May 03, 2017 7:25 pm
Forum: Local Chapters and Bogleheads Community
Topic: Minnesota Bogleheads Meet May 6, 2017
Replies: 14
Views: 2434

Re: Minnesota Bogleheads Meet May 6, 2017

Will there be a GenX breakout?
by rocketrex
Fri Nov 18, 2016 12:27 pm
Forum: Local Chapters and Bogleheads Community
Topic: Minnesota Bogleheads Meet Nov. 12, 2016
Replies: 45
Views: 5649

Re: Minnesota Bogleheads Meet Nov. 12, 2016

Miriam2 wrote:
rocketrex wrote:Miriam, I'll be down in south Florida this January and February. What is the date/location of your jan/feb meeting?
Justin

Hi Justin,
We have no date yet for our next meeting, but you can follow us on our South Florida Local Chapter thread 8-)

viewtopic.php?f=9&t=64383


Thank you!
by rocketrex
Tue Nov 15, 2016 11:20 am
Forum: Local Chapters and Bogleheads Community
Topic: Minnesota Bogleheads Meet Nov. 12, 2016
Replies: 45
Views: 5649

Re: Minnesota Bogleheads Meet Nov. 12, 2016

Based on your past performance and the fact your photo shows an 8-year-old boy listening intently to your presentation, I would say your little moons are your "planet nursery" which will form future splinter groups of little Minnesota Bogleheads BTW - all Minnesota Bogleheads are invited ...
by rocketrex
Sat Nov 12, 2016 9:51 pm
Forum: Local Chapters and Bogleheads Community
Topic: Minnesota Bogleheads Meet Nov. 12, 2016
Replies: 45
Views: 5649

Re: Minnesota Bogleheads Meet Nov. 12, 2016

Today I attended my first BH meeting and it was great! Thank you to everyone that makes this happen. Such a wonderful group you people have put together. I'll be out of town during the Jan/Feb meeting but I will definitely be at the April meeting.

Justin
by rocketrex
Sat Nov 12, 2016 9:19 pm
Forum: Investing - Help with Personal Investments
Topic: Would you invest $80K right now?
Replies: 38
Views: 5758

Re: Would you invest $80K right now?

Another lump vote here. Time IN the market matters more than TIMING the market. I just lumped in $125,000 2 weeks ago if it makes you feel better. We can bitch together when Trump tanks the market :wink:
by rocketrex
Tue Oct 25, 2016 2:18 pm
Forum: Local Chapters and Bogleheads Community
Topic: Minnesota Bogleheads Meet Nov. 12, 2016
Replies: 45
Views: 5649

Re: Minnesota Bogleheads Meet Nov. 12, 2016

Where do I get information about the East side meet up group? I would like to attend.
by rocketrex
Sat Apr 23, 2016 12:05 am
Forum: Investing - Theory, News & General
Topic: Do you think this is a bad time to enter the market? With the dow at 18,000
Replies: 89
Views: 10134

Re: Do you think this is a bad time to enter the market? With the dow at 18,000

If it makes you feel better, I just lump sum'd in today with my 118k fed tax return. I just stuck to my asset allocation and I feel happy. The market will go up, the market will go down. Just get in the market.
by rocketrex
Sun Nov 01, 2015 6:05 pm
Forum: Investing - Help with Personal Investments
Topic: Helping Dad with small inheritance and his small business
Replies: 13
Views: 1511

Re: Helping Dad with small inheritance and his small business

I funded the SEP by taking distributions from the business and then transferring into the SEP from my personal account. There was no discerning where the money from my personal account actually came from (business, savings, etc). So if the business made enough profit to contribute $30k to the SEP (...
by rocketrex
Sun Nov 01, 2015 10:29 am
Forum: Investing - Help with Personal Investments
Topic: Helping Dad with small inheritance and his small business
Replies: 13
Views: 1511

Re: Helping Dad with small inheritance and his small business

Essentially a contractor for a few hospitals. Hayden makes a good point. If he has earnings as a contractor, then he can set up a SEP IRA or an i40lk for those earnings. Salary (W-2) earnings can be contributed to the employer's retirement plan. The word "essentially" makes me wonder? Bas...
by rocketrex
Fri Oct 30, 2015 10:52 pm
Forum: Investing - Help with Personal Investments
Topic: Helping Dad with small inheritance and his small business
Replies: 13
Views: 1511

Re: Helping Dad with small inheritance and his small business

What is your father's income and tax bracket? He can contribute 5.5k/yr to an IRA (either a traditional or Roth IRA), and another 5.5k/yr for his spouse if there is one. A SEP IRA allows him to contribute up to about 20% of his income. He can do both the individual IRA(s) and the SEP IRA. It's neve...
by rocketrex
Fri Oct 30, 2015 10:49 pm
Forum: Investing - Help with Personal Investments
Topic: Helping Dad with small inheritance and his small business
Replies: 13
Views: 1511

Re: Helping Dad with small inheritance and his small business

He's not a doctor, he does ultrasound. Essentially a contractor for a few hospitals. He does have some savings, about 150k in a Metlife annuity that I have tried repeatedly to get him out of. My parents are classic examples of what not to do when it comes to personal finances. I'm just trying to hel...
by rocketrex
Fri Oct 30, 2015 8:22 pm
Forum: Investing - Help with Personal Investments
Topic: Helping Dad with small inheritance and his small business
Replies: 13
Views: 1511

Helping Dad with small inheritance and his small business

I think this will be pretty straight forward but wanted to get everyone's good graces before I instructed him. My Dad(56) owns a small medical practice (no employees). He just received a $30k inheritance from his parent's who passed away this year. Currently has minimal investments and doesn't reall...
by rocketrex
Fri Aug 28, 2015 9:22 pm
Forum: Investing - Help with Personal Investments
Topic: Dipping into the emergency fund for rebalancing purposes during market downturns?
Replies: 29
Views: 3938

Re: Dipping into the emergency fund for rebalancing purposes during market downturns?

Financial Samurai posted about this today. I had never thought about setting up a plan like this. That fact that it takes emotion out of it makes it a potentially good option vs. being strictly rigid.

http://www.financialsamurai.com/develop ... ck-market/
by rocketrex
Fri Apr 03, 2015 12:00 am
Forum: Personal Consumer Issues
Topic: Manufactured Spending - Good Idea / Bad Idea?
Replies: 124
Views: 19564

Re: Manufactured Spending - Good Idea / Bad Idea?

Chase Ink has 5% at office supply stores all the time too so you can load up on GCs there (officemax etc) as well.
by rocketrex
Wed Feb 04, 2015 8:48 pm
Forum: Investing - Theory, News & General
Topic: Define "High tax bracket"
Replies: 45
Views: 4966

Re: Define "High tax bracket"

I'm WELL into the 39.6% marginal bracket (250k of income in this bracket alone). Is it sort-of safe to say that muni's are favored over taxable bonds for me?
by rocketrex
Mon Jan 05, 2015 3:33 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 4148
Views: 1100295

Re: U.S. stocks in freefall

Looks like I got lucky, at least temporarily. Last week I was moving funds from one account to another while I was doing some TLH before year end. I had 46k go into VTSAX just a few hours ago :D
by rocketrex
Sun Jan 04, 2015 7:19 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's best fund: Healthcare?
Replies: 60
Views: 11241

Re: Vanguard's best fund: Healthcare?

Big fan here as well. Helped balance out my overweight international this year.... :oops: