Search found 58 matches

by k3vb0t
Thu Dec 13, 2018 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Is a New Car Okay if Driven 15+ Years?
Replies: 57
Views: 4007

Re: Is a New Car Okay if Driven 15+ Years?

Here's how I would do the math: (New Car Price - Used Car Price + Total Difference in Insurance Cost for First X Years If Buying New) / Total Number of Years Owned For example: Buy brand new vehicle, $30k. Hold for 15 years. Insurance cost increase over 2 years $1,000. (I'd guess it evens out after...
by k3vb0t
Wed Dec 12, 2018 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Is a New Car Okay if Driven 15+ Years?
Replies: 57
Views: 4007

Re: Is a New Car Okay if Driven 15+ Years?

Here's how I would do the math: (New Car Price - Used Car Price + Total Difference in Insurance Cost for First X Years If Buying New) / Total Number of Years Owned For example: Buy brand new vehicle, $30k. Hold for 15 years. Insurance cost increase over 2 years $1,000. (I'd guess it evens out after ...
by k3vb0t
Wed Dec 12, 2018 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: Lost value in 529 savings
Replies: 23
Views: 1487

Re: Lost value in 529 savings

We hardly get to understand these investments. IL Brightstart Age based was simple for us to understand,so we picked that and contributed. If you look at this page (https://www.brightstart.com/investment-options/age-based/) it lets you see the specific investments. However, it isn't very clear. Her...
by k3vb0t
Wed Dec 12, 2018 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: 4% APY credit unions
Replies: 6
Views: 935

Re: 4% APY credit unions

You have to balance: 1. The hoops the credit union/bank want you to jump through to earn the higher rate 2. How long each month it will take you to complete said hoops 3. What the reward is for completing hoops 4. How many of these accounts you will need to satisfy your savings/earnings requirement ...
by k3vb0t
Wed Dec 12, 2018 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: If You Knew Then What You Know Now
Replies: 10
Views: 1404

Re: If You Knew Then What You Know Now

This is a bit long, but hopefully provides some context that makes sense to you: Not exactly across country, but similar move for my wife and I. I moved to her city - about 6-7 hours from our hometown - as she was still in school and I graduated 18 months before she did. Established my career for 5 ...
by k3vb0t
Wed Dec 12, 2018 7:48 am
Forum: Investing - Help with Personal Investments
Topic: Rate my projected 2019 porfolio
Replies: 5
Views: 508

Re: Rate my projected 2019 porfolio

Order of where I would put money: -her 401k (index funds) up to match -your 401k to get any match -her 401k (index funds) up to match -Roth IRAs into index funds Expanding on this: Do you get to choose what funds your investments go into in your 401k? If so, I would select the lowest cost broad mark...
by k3vb0t
Wed Dec 12, 2018 7:32 am
Forum: Investing - Help with Personal Investments
Topic: My PenFed 5 yr CDs are maturing
Replies: 25
Views: 2006

Re: My PenFed 5 yr CDs are maturing

I'm in the same boat. Rate was 3%/3.04%, right? Picked them up thanks to a FWF post 5 years ago. I'm looking at the 12 (2.8%) or 18 month (2.9%) option. I think rates are likely to rise over the next 5 years, it's close enough to the 3% I was getting, and I can reevaluate in a much shorter time peri...
by k3vb0t
Wed May 16, 2018 11:31 am
Forum: Investing - Help with Personal Investments
Topic: Friend says "Stock market will crash, invest in silver" - thoughts?
Replies: 127
Views: 9693

Re: Friend says "Stock market will crash, invest in silver" - thoughts?

If a market crash is really coming and your friend knows it, I'd ask why they haven't leveraged everything into either options that bet on the crash or simply maxing out their credit cards to lend themselves money in order to short sell the market.

Otherwise, ignore and stick to your investment plan.
by k3vb0t
Tue May 08, 2018 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Homeowners Insurance Annual Increase
Replies: 20
Views: 2014

Re: Homeowners Insurance Annual Increase

Starting my price quoting. Kind of embarrassed I waited so long to do this. We've been with current company for 6 years. Offered new premium / Geico comparison: $1,283 vs $937 Dwelling: $254k / $254k --extended replacement: $63.5 / $63.5k Separate structures: $25.4k / $25.4k Personal Property: $190....
by k3vb0t
Tue May 08, 2018 10:45 am
Forum: Investing - Help with Personal Investments
Topic: How are we doing?
Replies: 13
Views: 1969

Re: How are we doing?

Looking at your above options, could you also forgo Roth IRA (paying higher tax now) to put it into a Traditional IRA? Sorry if I missed that. Edit: just saw it. I would do the math to see how much you could stash away there. For example, $2,500 tIRA, $2,500 Roth. Every little bit of tax owed today ...
by k3vb0t
Mon May 07, 2018 5:32 pm
Forum: Investing - Help with Personal Investments
Topic: How are we doing?
Replies: 13
Views: 1969

Re: How are we doing?

You seem to be in good shape overall. Some might have said a used minivan would have been more prudent, but to each his own at that interest rate. Just make sure you keep it for 10-15 years so the depreciation hit becomes less of an issue. Curious, how is it possible your Vanguard expense ratios are...
by k3vb0t
Mon May 07, 2018 12:29 pm
Forum: Personal Consumer Issues
Topic: Switching Apple Mac Mini to Solid State Drive?
Replies: 15
Views: 1256

Re: Switching Apple Mac Mini to Solid State Drive?

Switching any spinning disk to SSD would wow you with how fast the difference is. That having been said, you're potentially dropping $100-200 for the drive (depending on the size) for a 10 year old machine. Plus labor to install it. If you're going to do it I would find a guide online -- I'm sure th...
by k3vb0t
Fri May 04, 2018 9:49 am
Forum: Investing - Help with Personal Investments
Topic: Ed. Jones rep didn't like our plan, now we're locked out
Replies: 152
Views: 19807

Re: Ed. Jones rep didn't like our plan, now we're locked out

I'd like BH thoughts on a hypothetical. Let's say OP's parents stock is at $100/share right now and total value of $600k. They want to liquidate. EJ locks them out. While getting situation unlocked/fixed/whatever -- lets say longer than 2 weeks -- the stock value drops to $50/share. $300k in loss. C...
by k3vb0t
Wed May 02, 2018 5:51 pm
Forum: Investing - Help with Personal Investments
Topic: How are you widow-proofing?
Replies: 35
Views: 5000

Re: How are you widow-proofing?

I’m actually working on an article or program of some kind to help couples prepare for this. My wife is capable of handling things if I pass but would be at a significant disadvantage due to not reading on financial topics for years like me. One of the things I worry about is a misguided decision to...
by k3vb0t
Tue May 01, 2018 6:17 pm
Forum: Investing - Help with Personal Investments
Topic: Is it worth it to dissolve this inherited annuity?
Replies: 33
Views: 2766

Re: Is it worth it to dissolve this inherited annuity?

Thank you. I really appreciate you digging into some of my numbers. I would like to start an IRA. I've been self employed for the last 15 years and have tried a SEP but never got it funded in any great way. Honestly, I wouldn't be in the place I'm in at all (asset wise) if it weren't for my mother-...
by k3vb0t
Mon Apr 30, 2018 11:17 am
Forum: Personal Consumer Issues
Topic: Daughter and Girlfriend, age 19, taking cross country road trip. Advice?
Replies: 187
Views: 10470

Re: Daughter and Girlfriend, age 19, taking cross country road trip. Advice?

I'd be curious which of the items listed above by Grt2BOutdoors they have come up with on their own. I'd approach it like "Alright, walk me through the entire trip and how you plan to stay safe, what you're bringing with you, etc." - this would give you a good idea of how far in advance they've thou...
by k3vb0t
Sat Apr 28, 2018 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Would you make this financial decision??
Replies: 18
Views: 1985

Re: Would you make this financial decision??

Rent $1350
Home “ownership” $3000 + maintenance expenses and time

Is the place you are renting in the same ballpark of the house you would buy? If so... no way I would buy. I’d save and invest instead.
by k3vb0t
Thu Apr 26, 2018 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Homeowners Insurance Annual Increase
Replies: 20
Views: 2014

Re: Homeowners Insurance Annual Increase

Do you have separate structures? Do you need all that personal property? Do you really need the 30K of Identify fraud coverage? On my bill they finally put a price on the $59K of external structures that I don't have. Prior years it was just bundled in the price. This year I called and had them rem...
by k3vb0t
Thu Apr 26, 2018 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Homeowners Insurance Annual Increase
Replies: 20
Views: 2014

Re: Homeowners Insurance Annual Increase

My homeowner's insurance increased 7.7% this year and my auto went up 15.5%. My company is The Hartford thru AARP. I expected increases this year because of the amount of insurance payouts last year due much to hurricanes and floods. I have changed insurers often. That has been my only defense to h...
by k3vb0t
Thu Apr 26, 2018 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Homeowners Insurance Annual Increase
Replies: 20
Views: 2014

Re: Homeowners Insurance Annual Increase

Have you factored in the increases may be due to where you live? I'm thinking hurricane, flood, earthquake areas. Re: #2 Just shop around! Insurers love those that stay with them due to "brand or agent loyalty" and know that increases will be tolerated by many of them. Years ago we saw the light an...
by k3vb0t
Thu Apr 26, 2018 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Homeowners Insurance Annual Increase
Replies: 20
Views: 2014

Homeowners Insurance Annual Increase

We just received our renewal documents for our homeowners insurance and, as it does every year, it's gone up again to the tune of $200. I thought BHers would be able to guide me on some of my questions. I'm going to list out the coverages in last year / this year format first. Dwelling: $239k / $254...
by k3vb0t
Wed Apr 25, 2018 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: how would you handle this--collecting life insurance
Replies: 31
Views: 3437

Re: how would you handle this--collecting life insurance

Also most companies have an “office of the CEO” that you can complain to. Also known as executive customer service. You can search “executive customer service (insurance company)” and maybe get a number there. Those offices are staffed very well with knowledgeable people who get stuff done fast.
by k3vb0t
Mon Apr 23, 2018 7:28 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard Web Site Down?
Replies: 121
Views: 9523

Re: Vanguard Web Site Down?

Keiser2015 wrote:
Mon Apr 23, 2018 7:26 am
Internal Server Error when trying to log into Vanguard. Anyone else have an issue? Thanks!
I guess that answers our question...!
by k3vb0t
Mon Apr 23, 2018 7:27 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard Web Site Down?
Replies: 121
Views: 9523

Re: Vanguard Web Site Down?

Can't login this morning; getting a 500 error. I've cleared cookies as well. Anyone else?
by k3vb0t
Sun Apr 22, 2018 7:31 pm
Forum: Investing - Help with Personal Investments
Topic: Another emergency fund allocation thread
Replies: 17
Views: 1622

Re: Another emergency fund allocation thread

#3 is your best bet and allows you to adjust if rates change in the future. A 1 year interest penalty is hilarious bad considering you can find much better 2 year deals online (like here: https://www.depositaccounts.com/cd/2-year-cd-rates.html). I've looked in my Vanguard Brokerage account and there...
by k3vb0t
Sat Apr 21, 2018 12:09 pm
Forum: Investing - Help with Personal Investments
Topic: Lending Club Investing
Replies: 26
Views: 3064

Re: Lending Club Investing

Happy to answer any specific questions you have. What is the exit strategy. You just have to wait for your loans to mature? So all the good loans pay off on time and the losses are left to you at the end? Good way to pump the returns in the short term. Is there a way to exit early? Call the loan On...
by k3vb0t
Sat Apr 21, 2018 7:50 am
Forum: Investing - Help with Personal Investments
Topic: Want to be 100% in stock index funds ,
Replies: 31
Views: 3696

Re: Want to be 100% in stock index funds ,

Can your portfolio withstand a 50% drop that doesn’t return for several years? The risk is you have to dramatically increase your withdrawal rate at the worst time — when the market is down — which makes you miss out on the years where the market goes back up. Simple example not taking taxes into ac...
by k3vb0t
Fri Apr 20, 2018 8:49 pm
Forum: Investing - Help with Personal Investments
Topic: Lending Club Investing
Replies: 26
Views: 3064

Re: Lending Club Investing

So does a default loan just get refunded back to you as original loan amount? You are the lender. If someone defaults, any remaining principal and interest is written off. LC started off as a good idea, then went full "we would make more money if we allowed really big financial institutions an oppo...
by k3vb0t
Fri Apr 20, 2018 4:21 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Questions
Replies: 18
Views: 1349

Re: Portfolio Questions

You forgot to add back in the $12,000 standard deduction but otherwise your math looks good. For OP, don't let the comments get you down. You are far from a financial disaster. It just looks like you could benefit from some self-discipline and getting a clearer focus on what you really want. Otherw...
by k3vb0t
Fri Apr 20, 2018 3:40 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Questions
Replies: 18
Views: 1349

Re: Portfolio Questions

1. Thanks for that link. I will go through that soon 2. I just paid my credit cards. Yes crypto is highly volatile but I dont know if I want to cash out everything right now or not. 3. I am trying to max out my 401k. but should I? I didnt start it until I was 26 so I am being aggressive right now. ...
by k3vb0t
Fri Apr 20, 2018 10:20 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Questions
Replies: 18
Views: 1349

Re: Portfolio Questions

Welcome to the forum and congrats on taking first steps to set yourself up financially. 1. Most here would argue you don't need a financial manager. It's best to learn to do it yourself, and keep it simple. There's a great wiki on the site, so you could start here: https://www.bogleheads.org/wiki/Ge...
by k3vb0t
Thu Apr 19, 2018 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Estimating Future College Costs
Replies: 18
Views: 1705

Re: Estimating Future College Costs

A couple of points. With the age of your children, managing two different accounts makes no sense. As the owner of the accounts, at any time you can change the beneficiary, or create another account and split the funds 50/50 or any other way. But you already have 2 accounts, so that's irrelevant. A...
by k3vb0t
Thu Apr 19, 2018 12:42 pm
Forum: Investing - Help with Personal Investments
Topic: Need help with small Roth IRA
Replies: 6
Views: 753

Re: Need help with small Roth IRA

We need more information. Is this the only money you have invested for retirement? (Or is the money outside of the Roth also for retirement... and if so, what type of account, how much, etc.?) Will you be adding to it? You're currently at 65/35, but is that where you want to be long term? You might ...
by k3vb0t
Thu Apr 19, 2018 7:49 am
Forum: Personal Finance (Not Investing)
Topic: Estimating Future College Costs
Replies: 18
Views: 1705

Re: Estimating Future College Costs

@runner3081: thanks for the (depressing) link. I think that's part of the problem; we'd like to fund as much as we can. That just isn't much right now with a single income. We're maxing IRAs but not even my 401k. @retiredCSprof: oof, yea, thanks for pointing that out @MP123, @jackFFR1486: that's why...
by k3vb0t
Wed Apr 18, 2018 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: Estimating Future College Costs
Replies: 18
Views: 1705

Estimating Future College Costs

Is there a 'Bogleheads Approved' strategy for 1. estimating college costs and 2. providing for them? I've got a 4 year old and 2 year old. I know my wife and I need to provide for our retirement first because you can always get student loans, but we'd like to avoid those student loans for our kids i...
by k3vb0t
Mon Apr 16, 2018 6:50 pm
Forum: Investing - Help with Personal Investments
Topic: 24 years old - Evaluate my finances
Replies: 11
Views: 1706

Re: 24 years old - Evaluate my finances

Do you own a car? Will it need replacing? I’m 10 years ahead of you. I wasn’t on BH 10 years ago, but was learning through Money Magazine and the like. Let me just say congrats for being here. Read, learn, apply and your goal of financial independence will be here sooner rather than later. At your a...
by k3vb0t
Mon Apr 16, 2018 3:56 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Replacing Vanguard Target Retirement & Extra Cash
Replies: 9
Views: 1172

Re: Portfolio Review - Replacing Vanguard Target Retirement & Extra Cash

I don't know your income, but you might want to check to see if you are eligible for savers credit or earned income credit with 18.5k in 401k or whether putting her into trad. IRA is worth it if it gets you into those credit territories. If not, doing some Roth instead might make sense. It might ta...
by k3vb0t
Mon Apr 16, 2018 10:14 am
Forum: Investing - Help with Personal Investments
Topic: What advantages do a personalized portfolio have over a target date fund, in your opinion?
Replies: 50
Views: 4345

Re: What advantages do a personalized portfolio have over a target date fund, in your opinion?

I'm switching my non-401k assets (best option in the 401k is Vanguard's TD2040 Trust II with ER of 0.08%) to mimic the Target Date fund for expense ratio savings. I had been using Target Date funds for simplicity, but by switching our assets to the underlying Admiral share equivalents (3 fund portf...
by k3vb0t
Mon Apr 16, 2018 10:00 am
Forum: Investing - Help with Personal Investments
Topic: What advantages do a personalized portfolio have over a target date fund, in your opinion?
Replies: 50
Views: 4345

Re: What advantages do a personalized portfolio have over a target date fund, in your opinion?

I'm switching my non-401k assets (best option in the 401k is Vanguard's TD2040 Trust II with ER of 0.08%) to mimic the Target Date fund for expense ratio savings. I had been using Target Date funds for simplicity, but by switching our assets to the underlying Admiral share equivalents (3 fund portfo...
by k3vb0t
Mon Apr 16, 2018 9:56 am
Forum: Investing - Help with Personal Investments
Topic: 401k withdrawal question
Replies: 6
Views: 550

Re: 401k withdrawal question

IRS rules on early withdrawals, including hardship withdrawals, and loans: https://www.irs.gov/retirement-plans/hardships-early-withdrawals-and-loans It would be helpful to know why you're looking to do this as it is potentially a very expensive proposition. If you're under age 59 and 1/2 you not on...
by k3vb0t
Mon Apr 16, 2018 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Can I retire at age 40?
Replies: 158
Views: 19458

Re: Can I retire at age 40?

This is great stuff. Currently we have been living off $120,000 and paying $25,000 for a family plan insurance that includes health. Dental. Vision I did check a little bit on Open market and was coming up with similar pricing albeit higher deductibles. That $120,000 included insurance so really li...
by k3vb0t
Fri Apr 13, 2018 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: [Help completing the TN state tax return]
Replies: 73
Views: 3094

Re: How do I know which amounts from my 1099 form make me decide on if I have to pay a state tax return to Tennessee?

Thanks all. So I was told from someone else that all you do is add the Total Ordinary Dividends line from your 1099-DIV box plus only the Interest Income line from the 1099-INT box on the front of the 1099 consolidated forms sheet you get once a year...is that true? If so, that means you don't have...
by k3vb0t
Fri Apr 13, 2018 10:19 am
Forum: Investing - Help with Personal Investments
Topic: Grandparents requested our help to manage $300K
Replies: 29
Views: 3656

Re: Grandparents requested our help to manage $300K

You mention it doesn't need to be touched, but what is the purpose of the money? To pass on to heirs? To have in case their health fails and they need to move into assisted living? The purpose should dictate the investment. It would be fair to say it is a bit of both Not to nitpick, but is that you...
by k3vb0t
Fri Apr 13, 2018 9:30 am
Forum: Investing - Help with Personal Investments
Topic: Grandparents requested our help to manage $300K
Replies: 29
Views: 3656

Re: Grandparents requested our help to manage $300K

You mention it doesn't need to be touched, but what is the purpose of the money? To pass on to heirs? To have in case their health fails and they need to move into assisted living?

The purpose should dictate the investment.
by k3vb0t
Fri Apr 13, 2018 9:23 am
Forum: Personal Finance (Not Investing)
Topic: When/how did you start teaching your child about personal finance?
Replies: 34
Views: 2906

Re: When/how did you start teaching your child about personal finance?

My son is 4 as well. He wanted a Paw Patrol watch. We picked one out, noted the price, and offered up jobs he could do around the house/yard to earn money toward it. We printed out a piece of paper with a box with 20 rows on it. After every job he got to color in the number of rows equally the pay (...
by k3vb0t
Fri Apr 13, 2018 9:18 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Replacing Vanguard Target Retirement & Extra Cash
Replies: 9
Views: 1172

Re: Portfolio Review - Replacing Vanguard Target Retirement & Extra Cash

Agree to max your 401k at $18.5k and both Roth IRAs. The Roth can be a back-up emergency fund if really needed, as contributions (only) can be withdrawn without tax or penalty. Agree that your new Target Date is just fine. So is breaking it down, but it does lead to temptations. If I did break it d...
by k3vb0t
Fri Apr 13, 2018 8:46 am
Forum: Personal Finance (Not Investing)
Topic: [Help completing the TN state tax return]
Replies: 73
Views: 3094

Re: How do I know which amounts from my 1099 form make me decide on if I have to pay a state tax return to Tennessee?

Sorry, I just don't understand. I went to that website that the second poster made but it doesn't seem to answer my questions? It just talks to me about filing some type of tax? Someone can't tell me simply if all you do is add all the numbers from the 1099-DIV box plus the 1099-INT box from the Su...
by k3vb0t
Fri Apr 13, 2018 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Job change - how to approach
Replies: 4
Views: 456

Re: Job change - how to approach

Networking is the easiest way to find your next role; I would include GOOD recruiters in this category. Go to industry events and meetups in your area for what you do. Build connections that way. If you do use a recruiter, some things to look for: 1. Longevity - recruiting is a difficult business be...
by k3vb0t
Fri Apr 13, 2018 7:25 am
Forum: Personal Finance (Not Investing)
Topic: 2018 Child Tax Credit and Withholdings
Replies: 2
Views: 503

2018 Child Tax Credit and Withholdings

With the child tax credit doubling this year and $1,400 of it being refundable, does that mean if your tax owed (line 44 of the 2017 1040) was less than $1,400 you would still get a refund? I'm not sure how to best ask the question. Maybe this makes more sense: the refundability of the tax credit is...
by k3vb0t
Thu Apr 12, 2018 9:37 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Replacing Vanguard Target Retirement & Extra Cash
Replies: 9
Views: 1172

Re: Portfolio Review - Replacing Vanguard Target Retirement & Extra Cash

... Thanks for the response, bloom2708. Another long response for you. I see what you're saying -- we have enough liquid assets, and you can never go back to invest in your 401k/Roth/Traditional IRA after April 15th each year, so max those out while you can. For some reason that makes me nervous, b...