## Search found 37 matches

Sun Sep 27, 2020 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Math question calculating RoR on paying mortgage points
Replies: 18
Views: 1138

### Re: Math question calculating RoR on paying mortgage points

You need to do a discounted cash flow analysis to calculate the internal rate of return on the points. An often-overlooked part of this analysis is that the mortgage amortizes faster with the lower interest rate, so you can't just look at the difference in payments. I have a spreadsheet that calcul...
Tue Sep 22, 2020 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: The Magic Number; Rule of 25; 4%; etc.
Replies: 46
Views: 3189

### Re: The Magic Number; Rule of 25; 4%; etc.

dbr wrote: Tue Sep 22, 2020 12:01 pm
peetsperk wrote: Tue Sep 22, 2020 12:01 pm Donations?
Agree for sure.
I had charitable donations under that under Personal: Miscellaneous, but will separate out for clarity.
Tue Sep 22, 2020 11:31 am
Forum: Personal Finance (Not Investing)
Topic: The Magic Number; Rule of 25; 4%; etc.
Replies: 46
Views: 3189

### Re: The Magic Number; Rule of 25; 4%; etc.

I have created a similar list, along with both “high” and “low” estimates to get a range of spending I could comfortably live within. One category that I include is Charitable Giving. I currently donate about 5% of income to charity, and I anticipate wanting to continue doing that. 2 great ideas!
Tue Sep 22, 2020 11:08 am
Forum: Personal Finance (Not Investing)
Topic: The Magic Number; Rule of 25; 4%; etc.
Replies: 46
Views: 3189

### Re: The Magic Number; Rule of 25; 4%; etc.

HomerJ and arcticpineapplecorp, I appreciate the responses. If I separate out college and weddings, my total annual expenses are still ~\$250k (x25 = ~\$6M). Do you see expense categories that are unusual? Am I missing any expense categories? I see two major problems here. 1) You're budgeting apparen...
Tue Sep 22, 2020 10:55 am
Forum: Personal Finance (Not Investing)
Topic: The Magic Number; Rule of 25; 4%; etc.
Replies: 46
Views: 3189

### Re: The Magic Number; Rule of 25; 4%; etc.

HomerJ and arcticpineapplecorp, I appreciate the responses. If I separate out college and weddings, my total annual expenses are still ~\$250k (x25 = ~\$6M). Do you see expense categories that are unusual? Am I missing any expense categories? I see two major problems here. 1) You're budgeting apparen...
Tue Sep 22, 2020 10:50 am
Forum: Personal Finance (Not Investing)
Topic: The Magic Number; Rule of 25; 4%; etc.
Replies: 46
Views: 3189

### Re: The Magic Number; Rule of 25; 4%; etc.

Have you tried to track your cash flow going out of your checking account? Should be able to estimate your total spending that way. I would count college and other fixed costs separately. If you buy new cars every five years, you should deduct the trade in/resale value of the old car. Yes, I tracke...
Tue Sep 22, 2020 10:41 am
Forum: Personal Finance (Not Investing)
Topic: The Magic Number; Rule of 25; 4%; etc.
Replies: 46
Views: 3189

### Re: The Magic Number; Rule of 25; 4%; etc.

I would start with the lifestyle you're living right now as a baseline. Unless you just left school or had a recent large change in income or lifestyle, it should be pretty accurate. You can make changes relative to today's baseline, for example, if you're driving a beater and know you want to upgr...
Tue Sep 22, 2020 10:39 am
Forum: Personal Finance (Not Investing)
Topic: The Magic Number; Rule of 25; 4%; etc.
Replies: 46
Views: 3189

### Re: The Magic Number; Rule of 25; 4%; etc.

bigred77 wrote: Tue Sep 22, 2020 10:32 am Based on your previous posts, you make a lot of money, spend a lot of money, and save a lot of money.
Creepy
Tue Sep 22, 2020 10:17 am
Forum: Personal Finance (Not Investing)
Topic: The Magic Number; Rule of 25; 4%; etc.
Replies: 46
Views: 3189

### Re: The Magic Number; Rule of 25; 4%; etc.

Perhaps my original post was worded incorrectly. I am talking Post-Retirement. FIRE, JL Collins, etc. suggest multiplying annual expenses by 25 to identify the magic number needed to retire. I'm simply trying to figure out if I have reasonably anticipated all post-retirement expenses....and why my ...
Tue Sep 22, 2020 10:16 am
Forum: Personal Finance (Not Investing)
Topic: The Magic Number; Rule of 25; 4%; etc.
Replies: 46
Views: 3189

### Re: The Magic Number; Rule of 25; 4%; etc.

HomerJ and arcticpineapplecorp,

I appreciate the responses.

Do you see expense categories that are unusual? Am I missing any expense categories?
Tue Sep 22, 2020 9:46 am
Forum: Personal Finance (Not Investing)
Topic: The Magic Number; Rule of 25; 4%; etc.
Replies: 46
Views: 3189

### Re: The Magic Number; Rule of 25; 4%; etc.

Perhaps my original post was worded incorrectly. I am talking Post-Retirement. FIRE, JL Collins, etc. suggest multiplying annual expenses by 25 to identify the magic number needed to retire. I'm simply trying to figure out if I have reasonably anticipated all post-retirement expenses....and why my m...
Tue Sep 22, 2020 9:23 am
Forum: Personal Finance (Not Investing)
Topic: The Magic Number; Rule of 25; 4%; etc.
Replies: 46
Views: 3189

### The Magic Number; Rule of 25; 4%; etc.

Good morning everyone, I have spent a lot of time reading the boards, reading about FI, etc. Some rules of thumb seem to be well accepted (eg Rule of 25, 4%, etc.). I see the wisdom in those rules; however, I question the expenses used in various FI examples. I had a Garret Network (independent and ...
Mon Sep 14, 2020 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: How do you change beneficiaries on a Vanguard Solo-401K
Replies: 4
Views: 248

### Re: How do you change beneficiaries on a Vanguard Solo-401K

Thanks...is the form on the Vanguard website?
Mon Sep 14, 2020 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: How do you change beneficiaries on a Vanguard Solo-401K
Replies: 4
Views: 248

### How do you change beneficiaries on a Vanguard Solo-401K

I see the option for personal and IRA accounts, but not my self-directed "solo" 401k specifically
Sun Sep 13, 2020 11:13 am
Forum: Personal Finance (Not Investing)
Topic: How do you estimate post-retirement income tax?
Replies: 21
Views: 2030

### How do you estimate post-retirement income tax?

As the title said, I'm trying to estimate post-retirement income tax.

I know 401k withdrawals and SS are subject to income tax. What else subject to income tax?
Fri Sep 11, 2020 5:59 pm
Forum: Personal Finance (Not Investing)
Replies: 11
Views: 951

Not sure if anyone will have this experience, but has anyone opened a Canadian bank account from the US? Would love some guidance.

Edit:
I probably should have mentioned that I have dual citizenship and a Canadian SIN. I do not have a Canadian address.
Fri Sep 11, 2020 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Health Insurance replacement for current HDHP PPO
Replies: 4
Views: 300

### Health Insurance replacement for current HDHP PPO

Did a search, but no luck. Hopefully, you guys/gals can help. I am self-employed (consultant) with no employees. I currently have a grandfathered Cigna HDHP PPO plan for me and two dependents. The plan costs approximately \$500/month for the three of us. Deductibles are \$7,000/person/year. Its a PPO ...
Tue Aug 11, 2020 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: seeking advice on flood insurance
Replies: 12
Views: 864

### Re: seeking advice on flood insurance

When I retired a few years ago, I decided to purchase flood insurance for my residence, for the unlikely event of a historic flood seriously damaging my house It is up for renewal and I am trying to think through how to evaluate whether or not it is worth the premium. I live in Ohio, not in a flood...
Mon Aug 10, 2020 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: What did you do when you won the game? Edited
Replies: 53
Views: 6775

### Re: What did you do when you won the game? Edited

After the game was won, I celebrated with friends and family, retired from my job, and have occupied my time doing exactly what I want every day. My stress level is nil, my relationships have taken on a much deeper level, I have unlimited time for my grand-kid, and I pursue knowledge for its own sa...
Mon Aug 10, 2020 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: What did you do when you won the game? Edited
Replies: 53
Views: 6775

### Re: What did you do when you won the game? Edited

I'm still trying to figure out my "personal number."
Thu Jun 18, 2020 7:50 am
Forum: Investing - Theory, News & General
Topic: New "Money In Excel"
Replies: 46
Views: 7392

### Anyone using "Money in Excel" yet?

Sun Mar 22, 2020 11:14 pm
Forum: Personal Investments
Topic: For those timing the market right now, what are your criteria for getting back in?
Replies: 30
Views: 2420

### Re: For those timing the market right now, what are your criteria for getting back in?

Vix below 30. That is when the markets bottomed back in '09 Can you expound on your thinking here please? This violent sell-off is driven by all the unknowns around this virus (how long will business be halted, how deadly is it really, is there a cure, ect.) All this drives up volatility. Add onto ...
Sun Mar 22, 2020 10:40 pm
Forum: Personal Investments
Topic: For those timing the market right now, what are your criteria for getting back in?
Replies: 30
Views: 2420

### Re: For those timing the market right now, what are your criteria for getting back in?

ether161 wrote: Sun Mar 22, 2020 10:35 pm Vix below 30. That is when the markets bottomed back in '09
Tue Apr 17, 2018 7:59 pm
Forum: Personal Investments
Replies: 34
Views: 3280

I am in a debate with a friend regarding performance of an actively managed portfolio that charges 1.2% fees per year vs. a three fund strategy at Vanguard. Please help me with the pros/cons of this argument. Thanks in advance. Love, RR Are you saying 1.2% is the advisor's fee, and in addition he h...
Tue Apr 17, 2018 5:21 pm
Forum: Personal Investments
Replies: 34
Views: 3280

I am in a debate with a friend regarding performance of an actively managed portfolio that charges 1.2% fees per year vs. a three fund strategy at Vanguard. Please help me with the pros/cons of this argument. Thanks in advance. Love, RR Teach yourself so you know it well enough to have this debate....
Tue Apr 17, 2018 5:05 pm
Forum: Personal Investments
Replies: 34
Views: 3280

I am in a debate with a friend regarding performance of an actively managed portfolio that charges 1.2% fees per year vs. a three fund strategy at Vanguard.

Love, RR
Thu Feb 08, 2018 2:24 pm
Forum: Personal Investments
Topic: Help for the helpless please?
Replies: 11
Views: 1606

### Re: Help for the helpless please?

Desired Asset allocation: 70% stocks / 30% bonds 73.9% of portfolio in Taxable Account 0.4% of portfolio in Traditional IRA [look into Backdoor Roth -- you may need to convert this to qualify] 25.7% of portfolio in Solo-401k Taxable 14.9% Vanguard Total International Stock Index Fund Admiral Shares...
Tue Feb 06, 2018 10:52 pm
Forum: Personal Investments
Topic: Help for the helpless please?
Replies: 11
Views: 1606

### Re: Help for the helpless please?

Consolidate all your taxable and tax free bond allocation in your taxable account to two funds, Intermediate Term Muni (VWIUX) at about 15% and Limited Term Muni (VMLUX) at about 15%. I did not do the exact math but this is about what I would aim for. You do not want total bond or international bon...
Tue Feb 06, 2018 8:09 pm
Forum: Personal Investments
Topic: Help for the helpless please?
Replies: 11
Views: 1606

### Re: Help for the helpless please?

Do those muni funds have losses? If so, you can tax-loss harvest those shares, right? And simplify to one tax-exempt fund. I'd get PRIMECAP core out of taxable. Sell losing positions. Donate shares with long-term capital gains to your donor-advised fund. Sell Total International Bond out of taxable...
Tue Feb 06, 2018 8:04 pm
Forum: Personal Investments
Topic: Help for the helpless please?
Replies: 11
Views: 1606

### Re: Help for the helpless please?

Do you know what your capital gains are on each taxable fund — both long-term and short-term? For 2017, short-term is \$307.60 and long-term is \$9,604.59 (the bulk of the long term is from VPCCX Vanguard PRIMECAP Core Fund) Overall, VPCCX has unrealized short-term of \$2,456.74 and unrealized long-te...
Tue Feb 06, 2018 7:34 pm
Forum: Personal Investments
Topic: Help for the helpless please?
Replies: 11
Views: 1606

### Help for the helpless please?

Greetings everyone, It has been some time since I asked for your expert advice. I am self-employed and have not paid much attention to my finances in the last few years. It's time to get my act together. Below is the current state of my finances. Hope I formatted everything correctly. My two questio...
Fri Dec 09, 2016 10:13 am
Forum: Personal Investments
Topic: The Three-Fund Portfolio [Help with portfolio allocations]
Replies: 4
Views: 1091

### Re: The Three-Fund Portfolio [Help with portfolio allocations]

I'm 45, self employed, and hope to reduce my workload (and income) by 50% in 10 years when I am 55
Thu Dec 08, 2016 5:48 pm
Forum: Personal Investments
Topic: The Three-Fund Portfolio [Help with portfolio allocations]
Replies: 4
Views: 1091

### The Three-Fund Portfolio [Help with portfolio allocations]

[Moved into a stand-alone thread from: The Three-Fund Portfolio --admin LadyGeek] Hello everyone, I am looking to build a three fund portfolio with VBTLX, VTIAX, and VTSAX as my core funds. I have three account types: Personal, IRA, and 401K. I can invest with Vanguard in all three account types. G...
Thu Nov 24, 2016 10:58 am
Forum: Personal Investments
Topic: What funds are comparable to VPCCX?
Replies: 2
Views: 759

### What funds are comparable to VPCCX?

Since VPCCX is closed, what are your recommendations for similar funds to hold in a 401k?
Mon Sep 12, 2016 7:12 am
Forum: Personal Finance (Not Investing)
Replies: 3
Views: 881

Talk to other business owners who have successfully sold their companies. Focus on people who have sold similar businesses. I'm a consultant and have spoken in depth with my colleagues who have sold and know some of the pitfalls. Their experience has been invaluable for my understanding. You may als...
Fri Aug 05, 2016 11:46 pm
Forum: Personal Consumer Issues
Topic: Any advice---Toyota 4 runner vs. Honda Pilot--2016 cars
Replies: 75
Views: 21661

### Re: Any advice---Toyota 4 runner vs. Honda Pilot--2016 cars

Hi everyone, I went for a test drive yesterday with my wife and drove the Toyota 4 runner, the Toyota Highlander, and the Honda Pilot---all new 2016 vehicles. My thoughts are: 1. Toyota 4 runner....I want a vehicle with true 4 wheel drive capability due to some heavy snow and ice storms we get in W...
Fri Aug 05, 2016 9:35 am
Forum: Personal Finance (Not Investing)
Topic: How do you determine historical home value increases in unique areas?
Replies: 0
Views: 883

### How do you determine historical home value increases in unique areas?

I'm looking at buying a house in Laguna Beach, CA. I'd like to know how much (range) I can expect the home to appreciate in 15 years based on historical data. [yes, I know the range will be very broad] What data should I be looking for? I have looked at historical data for all home sales since 2001 ...