Search found 159 matches

by evilityb
Fri Jan 12, 2018 10:50 pm
Forum: Personal Finance (Not Investing)
Topic: How much/little money to give kids in will so they continue to work
Replies: 95
Views: 8331

Re: How much/little money to give kids so they continue to work

To be clear, I am talking about how to structure our will to distribute money to kids who are now 14 and 12 should we die before they are self-supporting. It will be easy to dole out the money if we are still alive because then I can see what kind of people they turn out to be. Our existing will, w...
by evilityb
Mon Jan 01, 2018 1:40 pm
Forum: Investing - Help with Personal Investments
Topic: Looking to take out Roth IRA money for house down payment.
Replies: 66
Views: 4664

Re: Looking to take out Roth IRA money for house down payment.

I never said I have 0 emergency fund. Long term Id like to buy and hold properties. Therefore Id use 15k in external account for one property, and thought about using Roth IRA contributions for another property. Was just a thought. If an emergency were to ever happen id gladly withdraw from my 2 fu...
by evilityb
Sun Dec 31, 2017 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: Can I afford a $600-650k house?
Replies: 60
Views: 6956

Re: Can I afford a $600-650k house?

Thanks for all the replies folks. Guess I'll put this idea off for a few years.... The easy bit will be saving more, spending less and all the other ideas listed here... The hard bit will be telling the Fiancé this is what we should do :/ :| :| This sounds like it could be a great opportunity to gr...
by evilityb
Sun Dec 31, 2017 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: Where to allocate money
Replies: 6
Views: 613

Re: Where to allocate money

We are potentially 2 years away from retirement but remain in debt. All of the debt is currently below 4.25% interest, some of it could increase by 1% every two years, some of it is 0-1%. We could likely retire now and maintain lifestyle. We plan to work 2-10 more years to reach early social securi...
by evilityb
Sun Dec 31, 2017 11:47 am
Forum: Investing - Help with Personal Investments
Topic: Two-comma club just in time for the New Year, and thank you
Replies: 47
Views: 4821

Re: Two-comma club just in time for the New Year, and thank you

Well done! Now, enjoy the compounding. And know in the next down turn, even if it dips below $1M, you are in a strong place to ride it all out.

As we say in Armenian, Շնորհավոր!
by evilityb
Sat Dec 30, 2017 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: What is your threshold for paying down debt?
Replies: 89
Views: 5981

Re: What is your threshold for paying down debt?

I think people's personal examples above give the best answer. The common theme is risk tolerance and opportunity cost. 1) Bogleheads aren't against debt across the board; however, what I believe we see are a lot of people who tend to be risk averse on here. Or, at the least, prefer only very well c...
by evilityb
Thu Dec 28, 2017 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: Looking to take out Roth IRA money for house down payment.
Replies: 66
Views: 4664

Re: Looking to take out Roth IRA money for house down payment.

OP, In summary, my guess was correct. You have little to no emergency fund. You are 100% invested. Hence, you need to withdraw from your Roth IRA for the house down payment. The scary part is you have no idea why this is dangerous. You assume that you will be so lucky that everything will work out ...
by evilityb
Thu Dec 28, 2017 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: Can I afford a $600-650k house?
Replies: 60
Views: 6956

Re: Can I afford a $600-650k house?

Think of it this way. If i paid off the CC today and have a 0 balance next month it makes it mentally easier for me to overspend next month because adding $500 to a high balance that I'm trying to pay off with free cash flow is a lot harder mentally than adding "just a few hundred" to a balance wit...
by evilityb
Mon Dec 25, 2017 12:36 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 407
Views: 31930

Re: What frugal thing did you do today?

I continued to not have children. It's amazing how much money I've saved with this strategy. :)
by evilityb
Mon Dec 25, 2017 11:13 am
Forum: Investing - Help with Personal Investments
Topic: Need help in selecting funds for 401K
Replies: 13
Views: 930

Re: Need help in selecting funds for 401K

You're right that the American target funds have high expense ratios. I would go with: Inflation-Protected Bond Vanguard Inflation-Protected Secs Adm VAIPX Large Blend Vanguard 500 Index Admiral VFIAX Mid-Cap Blend Vanguard Mid Cap Index Admiral VIMAX Small Blend Vanguard Small Cap Index Adm VSMAX ...
by evilityb
Mon Dec 25, 2017 10:55 am
Forum: Investing - Help with Personal Investments
Topic: Late 30s, I think I’m doing everything right but would like a once-over
Replies: 14
Views: 2578

Re: Late 30s, I think I’m doing everything right but would like a once-over

Well done on being in the position you are at 38. A net worth of $881k is quite good. 1) If you're contributing to your 401(k) by percentage, make sure you don't accidentally go over the limit ($18,500 in CY 2018). 2) I don't know exactly what you're invested in in each account, so I can't comment s...
by evilityb
Mon Dec 25, 2017 1:20 am
Forum: Investing - Help with Personal Investments
Topic: Need help in selecting funds for 401K
Replies: 13
Views: 930

Re: Need help in selecting funds for 401K

You're right that the American target funds have high expense ratios. I would go with: Inflation-Protected Bond Vanguard Inflation-Protected Secs Adm VAIPX Large Blend Vanguard 500 Index Admiral VFIAX Mid-Cap Blend Vanguard Mid Cap Index Admiral VIMAX Small Blend Vanguard Small Cap Index Adm VSMAX T...
by evilityb
Sun Dec 24, 2017 8:41 pm
Forum: Investing - Help with Personal Investments
Topic: Plan for Stay at home mom within 1.5yrs - what to do about mortgage/saving/expenses
Replies: 46
Views: 3382

Re: Plan for Stay at home mom within 1.5yrs - what to do about mortgage/saving/expenses

If I did the math right, it looks like about $400k of the portfolio is Mom's. I'm assuming Mom is 36 and Dad is 38 (based on the order you listed above). If that's correct, then: 1) :sharebeer Mom is awesome. 2) Mom deserves a break. Also, well done on finishing up grad school with no student loan d...
by evilityb
Sun Dec 24, 2017 6:23 pm
Forum: Investing - Help with Personal Investments
Topic: Looking to take out Roth IRA money for house down payment.
Replies: 66
Views: 4664

Re: Looking to take out Roth IRA money for house down payment.

I'm also chiming in because I bought property about a year and a half ago using the same rent-out-rooms strategy. First, before I offer any advice, what do the rest of your assets look like? Please use the format in the "Asking Portfolio Questions" post at the top of the forum. Also, you mentioned t...
by evilityb
Sat Dec 23, 2017 7:55 pm
Forum: Investing - Help with Personal Investments
Topic: Plan for Stay at home mom within 1.5yrs - what to do about mortgage/saving/expenses
Replies: 46
Views: 3382

Re: Plan for Stay at home mom within 1.5yrs - what to do about mortgage/saving/expenses

A few questions before I give my input: 1) You're contributing to a TSP. How many years are you vested in the Pension? Do you plan on staying with the Federal Government for the duration of your career? 2) What is driving Mom to be a SAHM? 3) Would Dad like to be a SAHD? 4) What is your ultimate fin...
by evilityb
Sat Dec 23, 2017 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: How am I doing / What to do with next year's cash savings?
Replies: 6
Views: 1116

Re: How am I doing / What to do with next year's cash savings?

Sounds like your original question as to where to put your cash for 2018 would be, after throwing enough into receive the employer match, the rest should all go to home repair. Get that bathroom done to add another renter, fix everything in the house that needs fixing, and tidy things up. This coul...
by evilityb
Sat Dec 23, 2017 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: How am I doing / What to do with next year's cash savings?
Replies: 6
Views: 1116

Re: How am I doing / What to do with next year's cash savings?

Thanks for the input! To clarify a couple of things: I am happy at my job and don't have any plans on leaving. My employer will likely send me overseas in a few years, which is what I want to do with my career. If I were to leave, this plan would not come to fruition. Also, I bought my house 1.5 yea...
by evilityb
Fri Dec 22, 2017 11:09 pm
Forum: Investing - Help with Personal Investments
Topic: How am I doing / What to do with next year's cash savings?
Replies: 6
Views: 1116

How am I doing / What to do with next year's cash savings?

Hello fellow Bogleheads! It's time for an annual check in to get your opinions on where to put my extra money next year. First I'll put the details of my portfolio and then I'll explain the question. Emergency funds: Yes, $30k (~8 months) Debt: Mortgage - $385k @ 3.49% TSP Loan - $22k @ 1.75% (plus ...
by evilityb
Fri Dec 22, 2017 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Do you see a meaningful change in your income with new Tax Bill?
Replies: 266
Views: 21344

Re: Do you see a meaningful change in your income with new Tax Bill?

The calculators show that I reduce my tax burden by between $1000-2000 next year. In 10 years when the provisions expire, I get hosed.
by evilityb
Mon Dec 04, 2017 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Any reason to keep my Life Insurance (FEGLI)?
Replies: 17
Views: 1305

Re: Any reason to keep my Life Insurance (FEGLI)?

As always, I can count on the Bogleheads for solid advice. I didn't realize that FEGLI open seasons were so infrequent. Thank you for pointing that out. I think I'll cancel it and reconsider it later in life when I'm closer to retirement. Fingers crossed I stay healthy until then. In the mean time, ...
by evilityb
Mon Dec 04, 2017 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Any reason to keep my Life Insurance (FEGLI)?
Replies: 17
Views: 1305

Re: Any reason to keep my Life Insurance (FEGLI)?

Super Hans wrote:
Mon Dec 04, 2017 1:58 pm
At the water cooler, I try to spread the word that FEGLI is a bad deal--unless your health isn't great. For about the same price as the basic FEGLI premium, I bought a $1 million/20-year policy.
Yup, sounds about right. I balked when I realized what I was paying for the benefit of $104k. :oops:
by evilityb
Mon Dec 04, 2017 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Any reason to keep my Life Insurance (FEGLI)?
Replies: 17
Views: 1305

Any reason to keep my Life Insurance (FEGLI)?

Hello fellow Bogleheads I have been signed up for the basic life insurance through my employer (Federal Government) since I was hired. I didn't realize I am paying $15 per pay check for this (shame on me for not noticing!) for a total of $390 annually. I am single with no dependents; my parents are ...
by evilityb
Sun Aug 27, 2017 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement anxiety- emotionally and financially
Replies: 55
Views: 7393

Re: Retirement anxiety- emotionally and financially

I'm bitter. I never anticipated being unable to control the time I stopped working. I still may want to work a few years but am frightened at my age of not being able to find decent work. Finding something I reasonably enjoy for a few more years when I can save some more and reduce some of the fina...
by evilityb
Tue Aug 22, 2017 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: School Redistricting - What should we do?
Replies: 96
Views: 8366

Re: School Redistricting - What should we do?

First, I want to say that I totally get where you're coming from. There is nothing more important than the well-being -- and future well-being -- of your family! Your kids deserve a solid education. Second, some things that have shaped my opinion below are: 1) I grew up in a "good" neighborhood and ...
by evilityb
Tue Aug 22, 2017 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card for expat
Replies: 27
Views: 2921

Re: Credit card for expat

Also, check around on Reddit for Expat or Netherland-specific subreddits. And, when you declare your US domicile, try to domicile in a state with low or no income tax, if you can.
by evilityb
Tue Aug 22, 2017 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Credit card for expat
Replies: 27
Views: 2921

Re: Credit card for expat

Whatever card you go with, it needs to have no international transaction fees. That's the big thing to look for. Call the bank ahead of time and let them know to expect foreign transactions so your card doesn't get frozen for suspected fraud. When traveling to transitioning/developing countries or a...
by evilityb
Sun Aug 20, 2017 3:26 pm
Forum: Investing - Help with Personal Investments
Topic: Good time to invest in gold?
Replies: 18
Views: 2238

Re: Good time to invest in gold?

My dad invests religiously (more accurately, cult-like) in physical gold. I grew up being told that the sky is falling, the stock market is rigged, the end times are upon us so better hoard gold so we can go into hiding blah blah blah. Then I grew up and learned thing or two about investing. I hate ...
by evilityb
Wed Aug 16, 2017 9:14 pm
Forum: Investing - Help with Personal Investments
Topic: How am I doing?
Replies: 5
Views: 880

Re: How am I doing?

Our opinions about whether or not you'll hit your target aren't particularly important -- what is important is the math. You can figure out your answer using a basic growth equation. You can do this easily in Excel. If you don't know how to do this, let me know and I dig up some good websites for yo...
by evilityb
Tue Aug 15, 2017 3:13 pm
Forum: Investing - Help with Personal Investments
Topic: please help...am I overextended - first home
Replies: 78
Views: 7543

Re: please help...am I overextended - first home

I'm responding to this because I was in your shoes a year ago. I bought a house knowing I would be overextended. In my case, I have been okay financially, but I have encountered some of the highest levels of stress of my life. If I could do it over, I would have waited a year. Here are a few things ...
by evilityb
Mon Aug 14, 2017 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Investing Education and Mansplaining
Replies: 128
Views: 9962

Re: Investing Education and Mansplaining

bigred77 wrote:
Sun Jul 23, 2017 5:04 pm
Seeing mansplaining debated on Bogleheads is better than I could have ever hoped for :D
Seriously. :mrgreen: I opened this thread and knew I couldn't read it without a giant bowl of popcorn.
by evilityb
Mon Aug 07, 2017 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: How do you deal with financial anxiety?
Replies: 40
Views: 3572

Re: How do you deal with financial anxiety?

Dialectical Behavior Therapy (DBT). I recommend it for anyone struggling with anxiety.
by evilityb
Mon Aug 07, 2017 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: How much do kids cost in a high COLA?
Replies: 57
Views: 4567

Re: How much do kids cost in a high COLA?

Wow. That was a lot of responses! And really good ones! Thank you all for your input. I was checking in over the last few days, mulling through the ideas and experience you all brought to the thread. This was incredibly helpful; in fact, there are so many great responses that I couldn't even begin t...
by evilityb
Thu Aug 03, 2017 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: How much do kids cost in a high COLA?
Replies: 57
Views: 4567

How much do kids cost in a high COLA?

Hey fellow Bogleheads - So, the all-mighty Google tells me that a middle-income family spends about $13k per year on a kid, or $234k from birth to their 18th birthday. This doesn't include college. This is also clearly an average because daycare alone for an infant in Washington, DC costs $35k/year ...
by evilityb
Thu Aug 03, 2017 11:17 am
Forum: Personal Finance (Not Investing)
Topic: How do I shop around for a HELOC?
Replies: 9
Views: 1325

Re: How do I shop around for a HELOC?

Thanks, everyone! This is all helpful input.
by evilityb
Mon Jul 31, 2017 6:48 am
Forum: Personal Finance (Not Investing)
Topic: How do I shop around for a HELOC?
Replies: 9
Views: 1325

How do I shop around for a HELOC?

I'm considering opening a HELOC as a back-up emergency fund. Currently I'm holding about $30k in cash (about 8 months worth of living expenses), but I'd really like to put some of that towards a bit of debt I have, thus holding less in cash but having the HELOC just in case I actually do need to tap...
by evilityb
Wed Feb 15, 2017 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: Stressed out. Reduce contributions for cash flow? Or...?
Replies: 11
Views: 1758

Re: Stressed out. Reduce contributions for cash flow? Or...?

Thank you all for the kind words and the advice. I have a plan in place to get rid of the roommate. I'm hoping to goes smoothly. If not, I am working to cover my bases there, too. A few people noted that I'm paying a lot for housing and am over leveraged. You're right, I am. I did this knowingly and...
by evilityb
Tue Feb 14, 2017 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: Stressed out. Reduce contributions for cash flow? Or...?
Replies: 11
Views: 1758

Re: Stressed out. Reduce contributions for cash flow? Or...?

I'm having a hard time following all your numbers. Ignoring rental income, you make $98k a year (~$8,200 a month). Maxing out a TSP (assume limits are same as 401k) would be $1,500 per month leaving you with $6,700. Of this, approximately 25% goes to Uncle Sam, leaving you with with about $5k post-...
by evilityb
Tue Feb 14, 2017 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: Stressed out. Reduce contributions for cash flow? Or...?
Replies: 11
Views: 1758

Stressed out. Reduce contributions for cash flow? Or...?

Hey all - I need a pep talk. If there is one thing in this world I hate, it's uncertainly about finances. So, emotionally, I'm having a hard time juggling a potential lack of rental income. Tell me I'm fine... or, if I'm not, tell me what I need to do to be fine. Cash/e-fund: $26,000 (6-8 months of ...
by evilityb
Tue Jan 24, 2017 1:10 pm
Forum: Personal Consumer Issues
Topic: Cell phones - I have met my match, please help
Replies: 38
Views: 5142

Re: Cell phones - I have met my match, please help

There was a HUGE thread on this exact topic back in September. Please see this link: viewtopic.php?f=11&t=199015
by evilityb
Wed Jan 18, 2017 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: 28yr old newbie playing catch up
Replies: 29
Views: 3086

Re: 28yr old newbie playing catch up

Wanderwoman -- You sound like a woman after my own heart! When I was 28, I was fresh out of the Peace Corps (fellow nomad!) and freaking out about "being behind." Let me tell you... you're fine. I'm 33 now and after 4 years of working full time, I have a networth of about $115k (starting from -$10,0...
by evilityb
Wed Jan 18, 2017 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Is it ok to stop contributing to retirement accounts?
Replies: 11
Views: 2614

Re: Is it ok to stop contributing to retirement accounts?

1) How old are you and your partner?

2) Any likelihood you will return to work in a few years?

3) You say "partner" -- are you two married? If not, make sure you are entitled to receive the pension should something happen to him and that you are legally protected should you split up at some point.
by evilityb
Mon Jan 09, 2017 6:23 pm
Forum: Investing - Help with Personal Investments
Topic: How're we doing?
Replies: 33
Views: 4261

Re: How're we doing?

I'd honestly move into a different house/apartment and rent for another year or two until you can clear the loan. Sure pay a bit more in rent so the first year or so is more manageable with the baby, but it will honestly put you in a much better position to buy the home. The last thing you want to ...
by evilityb
Mon Jan 09, 2017 6:01 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie to Real Estate Investment?
Replies: 9
Views: 996

Re: Newbie to Real Estate Investment?

Check out biggerpockets for real estate stuff. There are lots of people on there who can give you good advice but I personally find it to also be a lot of sales (eg. 25% of the webinar time is dedicated to selling you books).

Also, 6% interest rate?! That's high for the current financial climate.
by evilityb
Mon Jan 09, 2017 2:18 pm
Forum: Investing - Help with Personal Investments
Topic: 22 Year Old Seeking Advice on Current Situation
Replies: 2
Views: 446

Re: 22 Year Old Seeking Advice on Current Situation

You, sir, are on fire. Keep doing what you're doing (with a few tweaks). Use this equation in an excel spreadsheet and manipulate the values to your liking: F=C(1+r)^t (F≡Future value; C≡Current value; r≡growth rate; t≡time in years) In fact, you can easily find spreadsheets online where people have...
by evilityb
Mon Jan 09, 2017 11:53 am
Forum: Investing - Help with Personal Investments
Topic: Goal achieved - what next? healthcare?
Replies: 8
Views: 1846

Re: Goal achieved - what next? healthcare?

Were you 37 or 34 3 years ago? Just curious.

Congrats on increasing your net worth by 43% in 3 years.
by evilityb
Sun Jan 08, 2017 4:05 pm
Forum: Investing - Help with Personal Investments
Topic: Investing a forgivable loan
Replies: 8
Views: 898

Re: Investing a forgivable loan

My opinion, and this is based on my own personal risk tolerance, would be to invest what is yours ($22k/year - taxes) with an aggressive allocation (90/10 - 80/20) and what has not yet been forgiven at a much less aggressive allocation. Just make sure you can weather a storm, if there is one. This i...
by evilityb
Sun Jan 08, 2017 12:52 am
Forum: Investing - Help with Personal Investments
Topic: Investing a forgivable loan
Replies: 8
Views: 898

Re: Investing a forgivable loan

I did something similar with my un-needed student loans back in 2009. I got lucky because I invested at the bottom of the market. I met someone else who did the exact same thing as I did, only he invested in spring of 2007. Very different outcomes. Keep this in mind when you're thinking about risk t...
by evilityb
Sat Jan 07, 2017 8:35 pm
Forum: Investing - Help with Personal Investments
Topic: New to Bogle
Replies: 24
Views: 1663

Re: New to Bogle

Welcome to the forum! I am a 33-year-old fellow Fed myself. Contributing to an IRA is fine, but the reason people, including me, suggest contributing the maximum in the TSP before an IRA is because the TSP's expense ratio is the lowest in the business. Even the expense ratios on Vanguard funds do no...
by evilityb
Fri Jan 06, 2017 8:45 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Help for my brother
Replies: 1
Views: 383

Re: Portfolio Help for my brother

For anything in a tax sheltered account that he won't be drawing on for a couple of decades, a 70/30 split makes sense. As per the Boglehead philosophy, follow the 3-fund portfolio model. If $500k-$600k compounds for 20 years, he's has the means to live a comfortable life style, especially in a LCOL...
by evilityb
Wed Jan 04, 2017 10:39 am
Forum: Investing - Help with Personal Investments
Topic: Sell or Refinance/Rent Condo?
Replies: 6
Views: 717

Re: Sell or Refinance/Rent Condo?

MuckB wrote: -Should be cash flow positive by $300-$400/month once lawsuit settles and refinance goes through If that does not include reserves for vacancies, bad tenants, replacing carpeting, painting, maintenance, eventually redoing the kitchen and bathroom, etc then you may not be doing as well ...