Search found 69 matches

by Markr867
Fri Nov 20, 2020 9:26 am
Forum: Personal Investments
Topic: 31 Years Old - Allocations
Replies: 11
Views: 1113

Re: 31 Years Old - Allocations

No need to change anything. Getting married and filing jointly may drop your tax bracket making Roth TSP more desirable. Even in the 22% tax bracket Roth TSP is likely the correct choice with a future pension (of course lots of changes are likely in your next 20yrs). That said, Traditional TSP coul...
by Markr867
Thu Nov 19, 2020 2:56 pm
Forum: Personal Investments
Topic: 31 Years Old - Allocations
Replies: 11
Views: 1113

Re: 31 Years Old - Allocations

Overall looks good and you're on the right track. I'd be interested to see how cash factors in as I like to account for that in my allocations. As you build more wealth you may want to look to diversify beyond public equities and into some alts like real estate. But for now I think you're in a grea...
by Markr867
Thu Nov 19, 2020 12:27 pm
Forum: Personal Investments
Topic: 31 Years Old - Allocations
Replies: 11
Views: 1113

Re: 31 Years Old - Allocations

No need to change anything. Getting married and filing jointly may drop your tax bracket making Roth TSP more desirable. Even in the 22% tax bracket Roth TSP is likely the correct choice with a future pension (of course lots of changes are likely in your next 20yrs). That said, Traditional TSP coul...
by Markr867
Wed Nov 18, 2020 7:39 pm
Forum: Personal Investments
Topic: 31 Years Old - Allocations
Replies: 11
Views: 1113

Re: 31 Years Old - Allocations

Looks good to me. A couple thoughts: 1. How do you contribute $1930/month (>$23k/year) to TSP? At your age the current max is $19.5k/year. 2. If you want to be able to TLH, be aware of the wash sale rule. You may want to change the funds in the Roth IRA, or at the very least turn off automatic rein...
by Markr867
Wed Nov 18, 2020 7:26 pm
Forum: Personal Investments
Topic: 31 Years Old - Allocations
Replies: 11
Views: 1113

31 Years Old - Allocations

Hi all, Looking for critique on my current portfolio allocations and how I could improve going forward. 31 years old, engaged, interested in an "early" retirement (sometime in our early 50s). TSP Current Balances F Fund (Fixed Income): $41,511 C Fund (Common Stock): $119,848 S Fund (Small ...
by Markr867
Thu Jun 18, 2020 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8035
Views: 560325

Re: Refinance Mega Thread

We are about to close tomorrow with Northpointe on a 15 year refinance, and I have to say, the process has been pretty awful. They offered us a great rate back in mid-April, but almost every step of the way, we had to ping the mortgage rep in order to keep the process moving. We wouldn't hear anythi...
by Markr867
Tue Apr 14, 2020 6:16 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 8035
Views: 560325

Re: Refinance Mega Thread

Good morning, all. We reached out to Northpointe Bank (Thanks for the suggestion!) and we got some interesting quotes, but I'd like some help verifying my numbers before we pull the trigger... We got our mortgage originally in March 2017 at 4.375%, but refinanced in September 2019.We pay a significa...
by Markr867
Tue Dec 31, 2019 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: What Are Your 2020 Goals?
Replies: 56
Views: 12241

Re: 2020 Goals?

Sorry to hear about your accident, but glad you seem to be pulling through. My 2020 goals are pretty non-eventful, but I've listed them below: - Max out my 401K, Roth IRA, HSA, and invest at least $20K into taxable (that's ~$50K of savings on $120K of income.. not bad) - Go to at least two new state...
by Markr867
Tue Dec 31, 2019 6:49 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2027
Views: 489905

Re: Share your net worth progression

I've been a long time lurker in this thread and it is very motivating and inspiring. I haven't kept track of my net worth like I should have, so I'm starting now and I will revisit each year with my updates. This will help me stay accountable. Net Worth as of 12/31: - 2019: $339K (30 years old) At t...
by Markr867
Tue Jul 23, 2019 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Help! Should we refinance our 4.375% mortgage loan?
Replies: 16
Views: 1916

Re: Help! Should we refinance our 4.375% mortgage loan?

Thanks for all the responses, everyone. The more I play around with different calculators, I can't see how this doesn't make sense, given that we plan to either stay in the condo or rent it out for many years to come. Keep in mind that there are two main ways to avoid paying up front for the closing...
by Markr867
Mon Jul 22, 2019 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Help! Should we refinance our 4.375% mortgage loan?
Replies: 16
Views: 1916

Help! Should we refinance our 4.375% mortgage loan?

Hi, all. We are 2.5 years into a 30 year mortgage on our condo in Northern Virginia. We paid $380,000 for our condo and put 20% down, so our loan amount started at $304,000. The rate we got was 4.375% and we currently owe ~$253,000. Our total monthly payment (principal, interest, escrow, insurance, ...
by Markr867
Thu Jul 04, 2019 7:45 am
Forum: Personal Investments
Topic: Help With Asset Allocation for 30 Year Old
Replies: 4
Views: 782

Re: Help With Asset Allocation for 30 Year Old

I would allocate contributions as follows: In the 401k put 50% of each contribution toward VBMFX and 50% toward VFINX. In the Roth IRA contribute 100% to VTSAX. In taxable contribute 100% to VTIAX (for now). In the HSA contribute 100% to FSKAX (as long as you have your deductible amount in a fixed ...
by Markr867
Wed Jul 03, 2019 11:55 am
Forum: Personal Investments
Topic: Help With Asset Allocation for 30 Year Old
Replies: 4
Views: 782

Help With Asset Allocation for 30 Year Old

Hi, all. I just started a new job last week and since I'm going to be moving my 401K and HSA over to my new company, I want to take a moment and figure out my asset allocation in the most tax-advantaged way possible. Background Emergency funds: Have $30K in Ally earning between 2.1-2.8%; this repres...
by Markr867
Tue Apr 02, 2019 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Should We Refinance?
Replies: 1
Views: 300

Should We Refinance?

With all of the talk about mortgage rates dropping, I've been starting to research if a refinance makes sense in our case.. of course I would like to get the opinions of the trusty people here. We are 2 years into a 30 year mortgage on our condo in Northern Virginia. We paid $380,000 for our condo a...
by Markr867
Sun Feb 03, 2019 8:18 am
Forum: Personal Investments
Topic: Ally Bank's nightmarish online reviews -- should I be worried?
Replies: 105
Views: 15407

Re: Ally Bank's nightmarish online reviews -- should I be worried?

I opened a savings account with them during their 1% bonus promo a few months ago. I've been very happy since, and I'm considering making them my main bank.
by Markr867
Sun Feb 03, 2019 8:16 am
Forum: Personal Investments
Topic: Seeking Guidance As I Turn 30
Replies: 15
Views: 1457

Re: Seeking Guidance As I Turn 30

+1 on the HSA. One thing I don't see is a car fund to pay cash for your next car. You might also be at a point it would make sense to do some things like modest travel while you are young if you have not been doing that. Since we live in Arlington, with great public transit, we only need one car an...
by Markr867
Sun Feb 03, 2019 7:57 am
Forum: Personal Investments
Topic: Seeking Guidance As I Turn 30
Replies: 15
Views: 1457

Re: Seeking Guidance As I Turn 30

Thanks for all the advice so far, everyone. I definitely have some thinking to do. We know this condo isn't our forever home, but we will stay long enough to make the own/rent formula go in our favor, so we're just ensuring equity down the road. I'm not sure how much more my partner would be willing...
by Markr867
Sat Feb 02, 2019 12:13 pm
Forum: Personal Investments
Topic: Seeking Guidance As I Turn 30
Replies: 15
Views: 1457

Re: Seeking Guidance As I Turn 30

Simplicity has advantages but you do not want to use the Target Retirement fund in taxable. I would not put more money in it and I'd sell it if there is a loss or as soon as you'd have a long term gain. The bond holdings in it are taxed as ordinary income and are not tax efficient at your tax rate....
by Markr867
Sat Feb 02, 2019 10:02 am
Forum: Personal Investments
Topic: Seeking Guidance As I Turn 30
Replies: 15
Views: 1457

Seeking Guidance As I Turn 30

I'll be turning 30 this year and I'm finally at the point of having some extra money left over after maxing my Roth IRA and 401k. As I'm just starting a taxable account, I want to make sure I'm allocating that correctly from the start. Some background.. I'm in Arlington, VA (high cost of living area...
by Markr867
Sat Oct 20, 2018 6:41 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 621
Views: 74926

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

Does anyone know if the money needs to be transferred in one lump sum, or if it can be done in multiple transactions? I've read conflicting reports. I had $25K tied up going to Discover Bank for their $200 bonus, so I deposited $5K to start the process with Ally. I transferred the $25K from Discover...
by Markr867
Sat Sep 22, 2018 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Should we temporarily reduce our retirement contributions in order to pay off our $400k mortgage in 7 years?
Replies: 83
Views: 8180

Re: Should we temporarily reduce our retirement contributions in order to pay off our $400k mortgage in 7 years?

We are in a similar position to you, OP. I'm 29 and my partner is 32, and we just bought a condo last year with a $304K mortgage. We both make around $100K gross, and we are both maxing out our 401ks and Roth IRAs. I have an amortization schedule for our mortgage, and it IS addicting/enticing to see...
by Markr867
Tue Sep 19, 2017 4:46 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4904
Views: 940267

Re: What's Your Credit Card Rewards Strategy?

SO was just approved for Southwest Plus and Premier today. With the bonus at 60,000 on each card, that is an easy Companion Pass for all of 2018 and 2019 :D We sent Chase a message, and confirmed that we have until 1/11/18 to meet the minimum spend. We plan to spend ~$1500 on each card between now ...
by Markr867
Mon Sep 18, 2017 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4904
Views: 940267

Re: What's Your Credit Card Rewards Strategy?

SO was just approved for Southwest Plus and Premier today. With the bonus at 60,000 on each card, that is an easy Companion Pass for all of 2018 and 2019 :D We sent Chase a message, and confirmed that we have until 1/11/18 to meet the minimum spend. We plan to spend ~$1500 on each card between now a...
by Markr867
Sat Aug 19, 2017 7:15 am
Forum: Personal Consumer Issues
Topic: Credit card bonus award rules
Replies: 12
Views: 2212

Re: Credit card bonus award rules

Thanks for the info. In my case I'll only open one or two cards for rewards in a year. I looked at the link. Wouldn't the amount churning they are talking about really ding your credit? You would think so, but it actually doesn't. I have 13 cards, almost all of which were opened in the last two yea...
by Markr867
Sat Aug 19, 2017 7:10 am
Forum: Personal Finance (Not Investing)
Topic: Capital One $400 bonus for new checking account
Replies: 108
Views: 26857

Re: Capital One $400 bonus for new checking account

I'm super bitter that I use CapOne 360 as my main bank lol. They often have high sign up bonuses that are relatively easy to trigger, but I'm always excluded because I signed up years ago for maybe $100? Can't remember exactly what it was now.

They are a pretty good bank overall, though.
by Markr867
Sat Aug 19, 2017 7:08 am
Forum: Personal Finance (Not Investing)
Topic: Credit card with large cash (or cash-equivalent) sign-up bonus
Replies: 25
Views: 3920

Re: Credit card with large cash (or cash-equivalent) sign-up bonus

Merill+ Visa card. Do a google search for 50k point sign-up bonus (takes a 10 min phone call rather than an online app). You get 50,000 points after spending $3k in 3 months. With the existing 1% rewards, you get 53k points which can be converted into $530 cash, $583 cash if you deposit into a BoA ...
by Markr867
Wed Jun 21, 2017 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4904
Views: 940267

Re: What's Your Credit Card Rewards Strategy?

Just hit 5/24 (I was approved for 70K United MPE this morning), so the whole word of churning is now open to me (although I'm still skeptical about blowing the lid off of 5/24 because I would like to try for the Southwest CP early next year). I am thinking of getting the Barclay Aviator Red card, s...
by Markr867
Mon Jun 19, 2017 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4904
Views: 940267

Re: What's Your Credit Card Rewards Strategy?

Just hit 5/24 (I was approved for 70K United MPE this morning), so the whole word of churning is now open to me (although I'm still skeptical about blowing the lid off of 5/24 because I would like to try for the Southwest CP early next year). I am thinking of getting the Barclay Aviator Red card, si...
by Markr867
Sun Jun 04, 2017 9:52 am
Forum: Personal Finance (Not Investing)
Topic: I spend 6.1% of my Gross income on rent
Replies: 80
Views: 13759

Re: I spend 6.1% of my Gross income on rent

... On the plus side, unlike most low-rent U.S. cities, you don't need to own a car there, which frees up a big chunk of income. Off topic, but are the costs of a vehicle (ignoring absurd NYC parking rates) not substantially offset by the cost of public transportation, taxis, Uber, etc.? I live in ...
by Markr867
Mon May 29, 2017 8:41 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4904
Views: 940267

Re: What's Your Credit Card Rewards Strategy?

Churning Chase bonuses is, in my opinion, the most lucrative way to earn money on everyday spend. Since August of 2016, my SO and I have amassed 500K Chase points, which is worth at least $7,500 in travel (more if we decide to transfer the points to a partner airline). That is all from normal spend...
by Markr867
Mon May 29, 2017 7:31 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4904
Views: 940267

Re: What's Your Credit Card Rewards Strategy?

Churning Chase bonuses is, in my opinion, the most lucrative way to earn money on everyday spend. Since August of 2016, my SO and I have amassed 500K Chase points, which is worth at least $7,500 in travel (more if we decide to transfer the points to a partner airline). That is all from normal spendi...
by Markr867
Tue Mar 21, 2017 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4904
Views: 940267

Re: What's Your Credit Card Rewards Strategy?

I received an email today for 50k miles for an Amex Gold Premier Reward. Annual fee waived first year. It seems like the public reward is 25k. I looked at what you can use the miles for. It seems like airlines I don't typically fly (I prefer American/United). There is also a $100 airline credit per...
by Markr867
Tue Mar 21, 2017 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4904
Views: 940267

Re: What's Your Credit Card Rewards Strategy?

I received an email today for 50k miles for an Amex Gold Premier Reward. Annual fee waived first year. It seems like the public reward is 25k. I looked at what you can use the miles for. It seems like airlines I don't typically fly (I prefer American/United). There is also a $100 airline credit per...
by Markr867
Sun Feb 05, 2017 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Buying our first place - 27 and 30
Replies: 6
Views: 1014

Re: Buying our first place - 27 and 30

I know this is personal and not what you asked but are your guys married? If you are not married then I think you need some "contract paper arrangement" signed between you two that spells out how things will be divided and paid for. You should do this in addition to the mortgage. You need...
by Markr867
Sun Feb 05, 2017 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Buying our first place - 27 and 30
Replies: 6
Views: 1014

Buying our first place - 27 and 30

My significant other and I are seriously considering buying our first condo when our lease is up in May. We've already started researching the market (very HCOL area - Arlington, VA) and we've reached out to a few realtors recommended to us, but I wanted to make sure we are making the right decision...
by Markr867
Sat Feb 04, 2017 8:03 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4904
Views: 940267

Re: What's Your Credit Card Rewards Strategy?

For those with the Chase Sapphire Reserve did your 100,000 point bonus post immediately after you hit the required minimum spend? I hit the $4,000 (not including the $450 fee) in spend a couple of days ago and am still waiting for the bonus. Pretty sure when I hit the minimum spend for the Chase Sa...
by Markr867
Sun Jan 08, 2017 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire ending its Reserve 100,000 bonus point offer
Replies: 40
Views: 10588

Re: Chase Sapphire ending its Reserve 100,000 bonus point offer

I have a question........Currently I use the USAA Limitless Rewards Visa which gives me 2.5% cash back on all purchases with no annual fee as my daily driver. Is there a good reason to consider the CSR as the daily driver? I know the 1st year CSR would win hands down, but thereafter I'm not sure. I...
by Markr867
Sun Jan 08, 2017 7:13 am
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire ending its Reserve 100,000 bonus point offer
Replies: 40
Views: 10588

Re: Chase Sapphire ending its Reserve 100,000 bonus point offer

I have a question........Currently I use the USAA Limitless Rewards Visa which gives me 2.5% cash back on all purchases with no annual fee as my daily driver. Is there a good reason to consider the CSR as the daily driver? I know the 1st year CSR would win hands down, but thereafter I'm not sure. I...
by Markr867
Sun Jan 08, 2017 7:08 am
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Reserve
Replies: 216
Views: 50981

Re: Chase Sapphire Reserve

Opening this card has been one of the easiest ways I've ever seen to earn free money. My SO and I both opened the card within a few weeks of each other. We received $600 in travel credits in 2016 (used to offset various costs for our upcoming Ireland trip), and we've been working on utilizing the $...
by Markr867
Fri Jan 06, 2017 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Reserve
Replies: 216
Views: 50981

Re: Chase Sapphire Reserve

Opening this card has been one of the easiest ways I've ever seen to earn free money. My SO and I both opened the card within a few weeks of each other. We received $600 in travel credits in 2016 (used to offset various costs for our upcoming Ireland trip), and we've been working on utilizing the $6...
by Markr867
Fri Jan 06, 2017 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire ending its Reserve 100,000 bonus point offer
Replies: 40
Views: 10588

Re: Chase Sapphire ending its Reserve 100,000 bonus point offer

The annual fee is $450! That take a chunk from the benefits from tne bonus not really. You get $300 in travel credits per calendar year, so you get $600 less $450....plus another $1,000-$1,500. You will never see another CC offer like this in your lifetime which is exactly why Chase is nerfing it. ...
by Markr867
Tue Dec 20, 2016 10:15 am
Forum: Personal Investments
Topic: 27 - Planning Ahead For 2017
Replies: 6
Views: 837

Re: 27 - Planning Ahead For 2017

The fund I'm currently in is the Blackrock LifePath 2055 fund has an expense ratio of 0.02%. 0.02% or 0.20%? Some other things to think about: Don't forget to factor in the 5.75% VA state income tax savings into your analysis. Are there other "administrative" type fees associated with you...
by Markr867
Tue Dec 20, 2016 9:31 am
Forum: Personal Investments
Topic: 27 - Planning Ahead For 2017
Replies: 6
Views: 837

Re: 27 - Planning Ahead For 2017

Do you get a match on your 401k contribution? If so, that would argue very strongly in favor of increasing your 401k contribution at the expense of your Roth contribution. Even setting that aside, the 25% tax benefit is significant and I would submit at a 25% marginal rate or higher it makes sense ...
by Markr867
Tue Dec 20, 2016 9:07 am
Forum: Personal Investments
Topic: 27 - Planning Ahead For 2017
Replies: 6
Views: 837

27 - Planning Ahead For 2017

Good morning! As 2016 is drawing to a close, I'm looking ahead to 2017 to get a jump start on my savings goals. I am currently 27 years old, living with my partner, with a very stable job in a high cost of living area (Arlington, VA). With my upcoming raise in January, I will make just under $87k an...
by Markr867
Sun Sep 11, 2016 6:18 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4904
Views: 940267

Re: What's Your Credit Card Rewards Strategy?

Getting the CSR is really a no-brainer if you pay your CC bills on time (as everyone here does, obviously) and if you like to travel. I applied the day it came out and was not approved due to 5/24 (at the time I applied there weren't many data points saying people over 5/24 weren't getting approved....
by Markr867
Sun Apr 17, 2016 6:42 am
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 New Money Market Account, 1% on over 10k
Replies: 101
Views: 30606

Re: Capital One 360 New Money Market Account, 1% on over 10k

Seems like Mint and Personal Capital still can't find the account... very strange. The error must be on CapOne's end?
by Markr867
Tue Mar 29, 2016 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 New Money Market Account, 1% on over 10k
Replies: 101
Views: 30606

Re: Capital One 360 New Money Market Account, 1% on over 10k

Anyone have luck with Mint.com picking up the new MM account? Unfortunately, no. I opened up a ticket with Mint on Sunday about this issue and they told me to refrain from logging in for 24 hours because they were triggering some data refresh and then see if that solved the problem. It did not. I e...
by Markr867
Mon Mar 28, 2016 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: Your first $100k
Replies: 52
Views: 11455

Re: Your first $100k

Turning 27 next month. $56k in retirement accounts, $14k in the bank. My goal was $100K at 30 and I should hit it between 28-29, so about on par with you for now! We will see what life brings. Very similar situation to you. Turning 27 in May. $46k in retirement accounts, $24k in the bank. Hoping I ...
by Markr867
Wed Mar 23, 2016 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 New Money Market Account, 1% on over 10k
Replies: 101
Views: 30606

Re: Capital One 360 New Money Market Account, 1% on over 10k

Thank you for the heads-up! I just moved some money there last night.

Question - does anyone know how to get this account to show up on Mint? I refreshed my Mint accounts this morning after creating the Money Market account, but it won't sync. It only shows my current checking and savings accounts.
by Markr867
Tue Feb 16, 2016 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: Maryland resident with 1099 MISC from DC
Replies: 4
Views: 584

Re: Maryland resident with 1099 MISC from DC

I have a very similar situation. I live in Virginia and my W2 is from Virginia. I did consulting work in DC last year and had a 1099. My parents' best friend does our taxes and he informed me that I only had to pay Virginia taxes, the 1099 didn't mean I had to pay anything to DC due to the DC tax la...