Search found 377 matches

by cusetownusa
Fri Sep 13, 2019 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Tracking progress to $1M portfolio and no mortgage by 40
Replies: 97
Views: 27254

Re: Tracking progress to $1M portfolio and no mortgage by 40

Bump...any updates OP?

I didn't think I would make it but with a few things going in my favor (stock market being one of them), I have just passed the $1M (at least for now)in my portfolio and I just recently paid of my mortgage...all within a few weeks off turning 40. :sharebeer
by cusetownusa
Wed Sep 11, 2019 12:20 pm
Forum: Personal Consumer Issues
Topic: How old is your cellphone?
Replies: 148
Views: 6205

Re: How old is your cellphone?

I have an Iphone 6s (4 years old)...I plan on keeping it for one more year when the Iphone 12(?) comes out.
by cusetownusa
Thu Aug 15, 2019 3:16 pm
Forum: Personal Consumer Issues
Topic: Cutting the Cord - NFL Network?
Replies: 45
Views: 3378

Re: Cutting the Cord - NFL Network?

So looks like PlayStation Vue is a contender. What do people recommend between Roku, Amazon Firestick, etc? Want it to be as easy as possible, we have two Sony smart TVs I have PS Vue thru 2 Roku's, 1 AppleTV, 1 Roku Stick & 1 Roku Express. The last two I mentioned I got on sale for $25 each. They ...
by cusetownusa
Fri Aug 09, 2019 9:37 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12034
Views: 2047363

Re: U.S. stocks in free fall

So don't be so negative. Another bull market will come. When did this one end? If you ask me, it ended January 2018. Dow Jones is currently lower than it was then and has spent more time below the January 2018 level than above it. A bull market, to me, isn't "whatever happens between 20% dips." It ...
by cusetownusa
Wed Aug 07, 2019 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage final payment
Replies: 31
Views: 3644

Re: Mortgage final payment

My wife and I decided to pay off the mortgage. We only owe around $2,500. When I generated the payoff letter at Wells Fargo, it said we have to wire or mail a check. It seems really odd I can't set a payment up through their online tool. I'll be calling them this afternoon to see what they say. The...
by cusetownusa
Fri Aug 02, 2019 9:02 am
Forum: Personal Investments
Topic: Pay off $17k student loan or max out 401k this year?
Replies: 48
Views: 3218

Re: Pay off $17k student loan or max out 401k this year?

I would NEVER forego maxing out the 401k in favor of paying off a low interest student loan debt. So it takes a bit more time to pay off, so be it. 401k space once lost can never be claimed back. This...and this is coming from a guy that made the mistake of aggressively paying off my student loans ...
by cusetownusa
Sat Jul 27, 2019 8:38 am
Forum: Personal Finance (Not Investing)
Topic: How much to save?
Replies: 53
Views: 4709

Re: How much to save?

Increasing your retirement savings percentage of gross salary is a double whammy as far as accelerating your progress to retirement. Each additional dollar saved is also a dollar reduction in current budget spending. Your nestegg grows faster and the budget it will fund in the future is reduced. ht...
by cusetownusa
Thu Jul 25, 2019 1:13 pm
Forum: Investing - Theory, News & General
Topic: What is your allocation to U.S. and International?
Replies: 241
Views: 21211

Re: What is your allocation to U.S. and International?

I think I'm one of the rare Bogleheads here that have a 50/50 split in US/Ex-US. I'll admit the gap in returns for the past 10 years has been pretty painful and I've started to question in recent years whether International will ever make up the deficit. Exactly how I feel. But I will probably stay...
by cusetownusa
Mon Jul 08, 2019 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Does saving 20% towards retirement starting in your twenties allow you to retire early?
Replies: 144
Views: 14195

Re: Does saving 20% towards retirement starting in your twenties allow you to retire early?

check out this chart at Mr.MoneyMustache: https://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/ he shows how quick or long it takes to retirement based on savings rates based on: Assumptions: You can earn 5% investment returns after inflation during your sav...
by cusetownusa
Tue Jun 25, 2019 6:39 am
Forum: Personal Consumer Issues
Topic: Chrysler Pacifica - Yes or No
Replies: 29
Views: 2040

Re: Chrysler Pacifica - Yes or No

I love my Pacifica Hybrid. And my friends love their Pacifica. My sister, friends and other friends love their Odyssey’s. Neighbor loves her Sedona. Friends loathes her Sienna (sliding door keeps breaking). It has a lot to do with luck and reliability though...so too soon to tell. Chrysler service ...
by cusetownusa
Mon Jun 24, 2019 12:54 pm
Forum: Personal Consumer Issues
Topic: Chrysler Pacifica - Yes or No
Replies: 29
Views: 2040

Re: Chrysler Pacifica - Yes or No

I don't own one myself but was just with 2 friends that each had a Pacifica. They both said they loved the van and they both came from a Toyota Sienna and they said that they like the Pacifica significantly better. 2 data points...not sure if this helps or not. lol
by cusetownusa
Thu Jun 20, 2019 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire in 1 year at 53
Replies: 54
Views: 9847

Re: Can I retire in 1 year at 53

GT99 wrote:
Wed Jun 19, 2019 12:15 pm
I'm 10 years younger than you and have 2 young kids, and if I had those numbers, I'd be retired right now.
This...I am amazed that this is even debate, financially speaking.
by cusetownusa
Tue Jun 18, 2019 12:21 pm
Forum: Personal Consumer Issues
Topic: IPhone 6 - showing some age
Replies: 93
Views: 8190

Re: IPhone 6 - showing some age

I also have an Iphone 6 which has a battery issue. Took it to a phone repair shop in a strip mall. His test confirmed the battery had degraded substantialy. He would replace the battery for $75 and it would take only 20 minutes. Only problem was that the waterproof feature of the phone would be com...
by cusetownusa
Thu May 09, 2019 12:26 pm
Forum: Personal Consumer Issues
Topic: French Door Refrigerator Recommendations?
Replies: 65
Views: 5238

Re: French Door Refrigerator Recommendations?

I didn't read all the posts, but why French door? In my opinion, it is a silly gimmick. They also tend to have small freezers. I love my Samsung counter depth side by side. Dual cooling (two evaporators). Most fridges I've had have had problems with freezing in parts of the fridge (and none were ch...
by cusetownusa
Thu May 09, 2019 12:18 pm
Forum: Personal Consumer Issues
Topic: French Door Refrigerator Recommendations?
Replies: 65
Views: 5238

Re: French Door Refrigerator Recommendations?

I bought a new fridge last year and needed a counter depth refrigerator. In my kitchen you walk between the fridge and the island to get to the family room and the space there is on the narrow side. So I wanted a model with a slim profile as possible which meant one with no handles protruding from ...
by cusetownusa
Thu May 09, 2019 12:15 pm
Forum: Personal Consumer Issues
Topic: French Door Refrigerator Recommendations?
Replies: 65
Views: 5238

Re: French Door Refrigerator Recommendations?

We have had a Samsung for about 10 years, and it has worked pretty well. We have been pretty happy with the lack of trouble. But a couple of points for your consideration. Although more energy efficient, I've come to dislike the bottom drawer freezer because I have to dig through a bunch of frozen ...
by cusetownusa
Thu May 09, 2019 12:13 pm
Forum: Personal Consumer Issues
Topic: French Door Refrigerator Recommendations?
Replies: 65
Views: 5238

Re: French Door Refrigerator Recommendations?

I didn't read all the posts, but why French door? In my opinion, it is a silly gimmick. They also tend to have small freezers. I love my Samsung counter depth side by side. Dual cooling (two evaporators). Most fridges I've had have had problems with freezing in parts of the fridge (and none were ch...
by cusetownusa
Wed May 01, 2019 3:26 pm
Forum: Personal Consumer Issues
Topic: Who is buying 1-3 year old used Toyotas and Hondas?
Replies: 114
Views: 12322

Re: Who is buying 1-3 year old used Toyotas and Hondas?

This is mainly a curiosity question. I've been car hunting and the Toyota Corolla and Honda Civic on my short list I figured I would buy new if I choose those cars. This is because the price for one that is 1-3 years old really isn't that much different from new (less than a $1000 difference for th...
by cusetownusa
Mon Apr 29, 2019 2:31 pm
Forum: Personal Investments
Topic: Invest in 457b next?
Replies: 13
Views: 519

Re: Invest in 457b next?

I would agree...maxing out your 457b would be the most logical next step. Especially with you being in such a high tax bracket.
by cusetownusa
Mon Apr 29, 2019 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off my mortgage - what to expect?
Replies: 46
Views: 4397

Re: Paying off my mortgage - what to expect?

I just make extra principal payments online and it gets directly taken from my bank account. I am close to paying it off and wasn't expecting any fee to do so. Is the $200 processing fee normal? Do all banks charge something after you make your last payment to pay off the mortgage?
by cusetownusa
Mon Apr 22, 2019 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes: marginal rate now vs effective rate in retirement
Replies: 198
Views: 10011

Re: Taxes: marginal rate now vs effective rate in retirement

but other than that, you are thinking about this a level deeper than your friend is, as you correctly recognize that the first cent of annual distribution from your 401(k) likely will not be in your highest marginal bracket, whereas during contribution is skimmed off the top, so to speak This was e...
by cusetownusa
Fri Apr 12, 2019 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house next year. Wife wants a big house. Thoughts?
Replies: 104
Views: 9255

Re: Buying a house next year. Wife wants a big house. Thoughts?

Would you truly have to pay $15,000-$17,500 a year in property taxes on a $500k home? Surely that can't be right? Can I ask what state you're in? We have a $544k mortgage, and our PITI is $3503/month at 4.125%. I pay $11,000 on a $300,000 house. A $500k house around me would easily be that amount. ...
by cusetownusa
Fri Apr 12, 2019 8:54 am
Forum: Personal Finance (Not Investing)
Topic: Buying a house next year. Wife wants a big house. Thoughts?
Replies: 104
Views: 9255

Re: Buying a house next year. Wife wants a big house. Thoughts?

...We live in a state with property tax of 3-3.5% property tax... I worked out the number for a 4%/30-year loan on a 400K loan (500K house with 100K down payment) would be ~3,600 (principal, interest, ins, property tax). I want make sure the wife is happy but this is too much of a mortgage to take ...
by cusetownusa
Thu Apr 11, 2019 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house next year. Wife wants a big house. Thoughts?
Replies: 104
Views: 9255

Re: Buying a house next year. Wife wants a big house. Thoughts?

...We live in a state with property tax of 3-3.5% property tax... I worked out the number for a 4%/30-year loan on a 400K loan (500K house with 100K down payment) would be ~3,600 (principal, interest, ins, property tax). I want make sure the wife is happy but this is too much of a mortgage to take ...
by cusetownusa
Mon Apr 08, 2019 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Boglehead teachers or those married to one: some questions about career and life...
Replies: 101
Views: 7080

Re: Boglehead teachers or those married to one: some questions about career and life...

One catch to 457b plans....I had one at a previous place of employment. When I left that job the funds were all distributed to me as taxable income and I had a huge tax bill that year. It was a tough nut to swallow because I was unemployed at the time with little income. I think 457b's are great- I...
by cusetownusa
Mon Apr 08, 2019 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Boglehead teachers or those married to one: some questions about career and life...
Replies: 101
Views: 7080

Re: Boglehead teachers or those married to one: some questions about career and life...

One catch to 457b plans....I had one at a previous place of employment. When I left that job the funds were all distributed to me as taxable income and I had a huge tax bill that year. It was a tough nut to swallow because I was unemployed at the time with little income. I think 457b's are great- I...
by cusetownusa
Sun Apr 07, 2019 8:50 am
Forum: Personal Finance (Not Investing)
Topic: How Much Term Life Insurance?
Replies: 56
Views: 3550

Re: How Much Term Life Insurance?

What's the point of life insurance with a net worth of almost $2 million and no debt? That's more than enough for the surviving spouse and kids to live off very comfortably and securely already. Self-insure. I agree with this. Not sure why you would need term insurance. At most maybe 5 or 10 year t...
by cusetownusa
Thu Apr 04, 2019 6:49 am
Forum: Personal Finance (Not Investing)
Topic: Boglehead teachers or those married to one: some questions about career and life...
Replies: 101
Views: 7080

Re: Boglehead teachers or those married to one: some questions about career and life...

Teacher's spouse here. Please be aware that due to the Government Pension Offset, your spouse may have a substantial reduction OR ELIMINATION of all spousal social security benefits. Please see the following: The nitty-gritty of the Government Pension Offset (GPO) is simple. If you meet both of req...
by cusetownusa
Wed Apr 03, 2019 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Boglehead teachers or those married to one: some questions about career and life...
Replies: 101
Views: 7080

Re: Boglehead teachers or those married to one: some questions about career and life...

Teacher's spouse here. Please be aware that due to the Government Pension Offset, your spouse may have a substantial reduction OR ELIMINATION of all spousal social security benefits. Please see the following: The nitty-gritty of the Government Pension Offset (GPO) is simple. If you meet both of req...
by cusetownusa
Wed Apr 03, 2019 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Boglehead teachers or those married to one: some questions about career and life...
Replies: 101
Views: 7080

Re: Boglehead teachers or those married to one: some questions about career and life...

we are in Westchester County. one of the highest COL in the country but yes she is compensated very fairly. and i am a DUMMY! she does have a 457b in addition to the 403b. i forgot. i switched her out of the 403b due to how bad the options were and INTO the 457b. i need to find her 457b balance... ...
by cusetownusa
Wed Apr 03, 2019 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Boglehead teachers or those married to one: some questions about career and life...
Replies: 101
Views: 7080

Re: Boglehead teachers or those married to one: some questions about career and life...

my wife is a teacher. she has a great job in a good district with tenure and a solid pension. sounds great, right? well...it is, mostly. here's the rub. her, nor i, particularly love the area we live in. additionally, as a young couple it can feel a bit suffocating being tied to an area for the nex...
by cusetownusa
Fri Mar 22, 2019 9:31 am
Forum: Investing - Theory, News & General
Topic: The $4,026,858.95 Car or a Worry-Free Retirement?
Replies: 245
Views: 12612

Re: The $4,026,858.95 Car or a Worry-Free Retirement?

Don't know how you factor this in but I am currently driving by far the most expensive car I ever owned and it is the only car I have ever put over 100K miles on. Because I love the car I don't want to buy a new car. Pretty sure I have saved money owning this car over buying a couple Camrys. As an ...
by cusetownusa
Thu Mar 21, 2019 6:50 pm
Forum: Investing - Theory, News & General
Topic: The $4,026,858.95 Car or a Worry-Free Retirement?
Replies: 245
Views: 12612

Re: The $4,026,858.95 Car or a Worry-Free Retirement?

Does this assume that they drive the cars off a cliff after 5 years? I don’t drive a bmw but do have an suv that cost $38,000 new 7 years ago. I will have to run the numbers when I get to the computer but I find it hard to believe that I would have $4,000,000 (in today’s dollars) extra (after 40 yea...
by cusetownusa
Sat Mar 16, 2019 7:55 am
Forum: Personal Finance (Not Investing)
Topic: Any credit cards that can beat the Citi doublecash?
Replies: 64
Views: 7056

Re: Any credit cards that can beat the Citi doublecash?

If you spend more than $11,800 per yr, Alliant Visa Signature card might be better than Citi DC. It gives you 2.5% cash back on everything, but comes with a $59 annual fee. Plus, first year no annual fee and you get 3% cash back on everything. https://www.alliantcreditunion.org/bank/visa-signature-...
by cusetownusa
Fri Mar 15, 2019 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Any credit cards that can beat the Citi doublecash?
Replies: 64
Views: 7056

Re: Any credit cards that can beat the Citi doublecash?

itsgot8 wrote:
Fri Mar 15, 2019 9:43 am
If I have an existing Citi card, can I just convert it over to a Citi Double-Cash account or would I have to specifically apply for a Citi Double-Cash card?
I think you would have to specifically apply. I believe this is what happened to me.
by cusetownusa
Fri Mar 15, 2019 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Any credit cards that can beat the Citi doublecash?
Replies: 64
Views: 7056

Re: Any credit cards that can beat the Citi doublecash?

If you spend more than $11,800 per yr, Alliant Visa Signature card might be better than Citi DC. It gives you 2.5% cash back on everything, but comes with a $59 annual fee. Plus, first year no annual fee and you get 3% cash back on everything. https://www.alliantcreditunion.org/bank/visa-signature-...
by cusetownusa
Wed Feb 27, 2019 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: If you currently or are planning to spend over $120k/year in retirement, what is your projected budget?
Replies: 196
Views: 15094

Re: If you currently or are planning to spend over $120k/year in retirement, what is your projected budget?

$30k/year living expenses is more than enough for a comfortable lifestyle. How do you come up with $30,000? Even if you have a home that is paid off, you have property taxes or you have rent. Then of course there is car insurance, home owners or rental insurance; possibly umbrella insurance. Food, ...
by cusetownusa
Sat Feb 16, 2019 3:09 pm
Forum: Personal Consumer Issues
Topic: Best Mattress Close to Original Tempurpedic
Replies: 28
Views: 3459

Re: Best Mattress Close to Original Tempurpedic

Check out Amerisleep. I got the medium firmness for my son and it’s great. They have firmer options as well.
by cusetownusa
Sat Feb 16, 2019 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: If your net worth is over $3 million, how did you do it?
Replies: 404
Views: 103259

Re: If your networth is over $3 million, how did you do it?

Work really hard and get into a job that makes a ton of money. At 45, married, 3 kids, we are at $2.95M. However, I’m thr next 18 months I will gross $2.5M. Makes me wonder whether saving a frugality was warranted. Hindsight is always 20/20. I’m no where near your numbers but had a similar thought....
by cusetownusa
Fri Feb 08, 2019 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 191
Views: 30080

Re: Teachers Who Have Net Worth of $1 million +

We do not have a net worth of 1 mil, but will be saving like crazy coming up, we are at a point where things are close to being paid off and that will help us immensely. when you say you don't have a net worth of 1 mil are you ignoring the value of your pension and possibly retiree health care? My ...
by cusetownusa
Thu Feb 07, 2019 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 191
Views: 30080

Re: Teachers Who Have Net Worth of $1 million +

We do not have a net worth of 1 mil, but will be saving like crazy coming up, we are at a point where things are close to being paid off and that will help us immensely. when you say you don't have a net worth of 1 mil are you ignoring the value of your pension and possibly retiree health care? My ...
by cusetownusa
Thu Feb 07, 2019 9:40 am
Forum: Personal Finance (Not Investing)
Topic: New tax law not so good for me?
Replies: 8
Views: 1378

Re: New tax law not so good for me?

OK, I think this is making sense. Looks like last year, I did owe more in federal tax. The difference between what I owed then and now is $2640. Also, when the tax laws kicked in back in 2018, I believe my take-home pay increased by about $200 per paycheck (we get paid twice monthly). I'm currently...
by cusetownusa
Thu Feb 07, 2019 9:32 am
Forum: Personal Finance (Not Investing)
Topic: How The New QBI Deduction-Reduction Ruins The Value Of Pre-Tax Retirement Plans For Small Business Owners
Replies: 57
Views: 4517

Re: How The New QBI Deduction-Reduction Ruins The Value Of Pre-Tax Retirement Plans For Small Business Owners

interesting article. However, I wish I didn't follow kitces original advice and do a large ROTH conversion to get my taxable income up to my "QBI" to "maximize" the 20% deduction. In his defense, we were working with limited info from the IRS. I ran this by my accountant and he still thinks I should...
by cusetownusa
Sun Jan 27, 2019 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire?
Replies: 62
Views: 5638

Re: Can I retire?

Deleted
by cusetownusa
Sun Jan 27, 2019 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Roth solo 401(k) now more attractive given new 199A deduction announcement
Replies: 57
Views: 4692

Re: Roth solo 401(k) now more attractive given new 199A deduction announcement

I converted, after talking to my tax accountant, $40,000 from my SEP IRA to a ROTH IRA to get my taxable income up to what I thought was my QBI to maximize he 20% deduction. I also contributed $46,000 to my SEP IRA. Does this mean that my $46,000 to my SEP IRA reduces my QBI and that my conversion ...
by cusetownusa
Sat Jan 26, 2019 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Roth solo 401(k) now more attractive given new 199A deduction announcement
Replies: 57
Views: 4692

Re: Roth solo 401(k) now more attractive given new 199A deduction announcement

Please excuse me for my ignorance on this topic. I converted, after talking to my tax accountant, $40,000 from my SEP IRA to a ROTH IRA to get my taxable income up to what I thought was my QBI to maximize he 20% deduction. I also contributed $46,000 to my SEP IRA. Does this mean that my $46,000 to m...
by cusetownusa
Fri Jan 11, 2019 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Getting a Mortgage when You can Pay Cash for a House
Replies: 162
Views: 9330

Re: Getting a Mortgage when You can Pay Cash for a House

I disagree, 4% fixed rate & tax deductible (depends on other factors) is still Ok. We don't know the OP's tax situation, but the mortgage interest is unlikely to be tax deductible given that the standard deduction is now so high....now $24,400 for married filing jointly in 2019. Also consider that ...
by cusetownusa
Sun Jan 06, 2019 2:20 pm
Forum: Personal Investments
Topic: Should I bother with 529s?
Replies: 36
Views: 2836

Re: Should I bother with 529s?

I cannot make roth contributions, never have been able to really. I live in a place where we all make high incomes, so we cant Roth, but we also have super high expenses, so we don't really get to live the life that the fed assumes we live :) As for 529 for oldest, she wouldn't start until the Fall...
by cusetownusa
Fri Jan 04, 2019 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1052
Views: 286873

Re: Share your net worth progression

2002: ($40,000) (started off with student loans and a new car :oops: ) 2003: Long 2004: Slow 2005: Climb 2006: into 2007: positive 2008: territory and 2009: fuzzy 2010: record keeping 2011: $78,000 2012: $148,000 2013: $337,000 2014: $441,000 2015: $580,000 2016: $723,000 2017: $1,150,000 2018: $1,2...
by cusetownusa
Tue Jan 01, 2019 10:27 am
Forum: Personal Consumer Issues
Topic: Clicking in ear during running? Not sure which type of doctor to see
Replies: 8
Views: 717

Re: Clicking in ear during running? Not sure which type of doctor to see

Interestingly enough I have noticed the exact same thing with myself for the last few months. I have yet to do or see anyone about it.

Keep us posted if you find out anything new.