Search found 305 matches

by acejacksingh
Wed Aug 15, 2018 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Almost 30 - Check In
Replies: 33
Views: 4010

Re: Almost 30 - Check In

I agree with most of the previous posts in that $15k is way too much but if you decide to go down that path do lots of research on diamonds and learn how to use a jeweler’s microscope. It is a common practice for jewelers to sell flawed diamonds for an inflated price. At the very least you might be...
by acejacksingh
Tue Aug 14, 2018 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Almost 30 - Check In
Replies: 33
Views: 4010

Re: Almost 30 - Check In

Update about the ring. Thanks for the feedback everyone!
by acejacksingh
Mon Aug 13, 2018 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: Almost 30 - Check In
Replies: 33
Views: 4010

Re: Almost 30 - Check In

15K for a ring? That is insane. The average person spends around 6K. Here is a little marriage advice (married 18 yrs). Treat your bride good and don’t be too cheap. However, if you start out too high then you just raised expectations for future purchases. That is one heck of an engagement ring con...
by acejacksingh
Mon Aug 13, 2018 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Almost 30 - Check In
Replies: 33
Views: 4010

Almost 30 - Check In

Hi BHs, Turning 30 in a few months and haven't checked in a while. Just wanted a review of my current plan as things have changed over the last few years. Moved from DC to LA this year, moved in with girlfriend (soon to buy engagement ring), etc. Below are all the details with questions: Age: 29 Sal...
by acejacksingh
Mon Jul 03, 2017 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Down Payment vs. 401k
Replies: 21
Views: 1852

Re: Down Payment vs. 401k

If you are saving for a down payment, I would suggest contributing the minimum to the 401(k) to get the employer match, and saving more for the down payment to get 20%. The advantage is that by paying 20% down when you do buy the house, you will have smaller mortgage payments, and will be able to c...
by acejacksingh
Sun Jul 02, 2017 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: First six months savings review
Replies: 8
Views: 1368

Re: First six months savings review

Mr.BB wrote:I usually don't discuss our finances with most people, (except for this board). But I had to tell someone my happy news!
I just finished doing a 6 month review of our savings and spending this year. So far YTD we have able to save 43.5% of our money!
Good Job! :sharebeer
by acejacksingh
Sun Feb 19, 2017 11:23 pm
Forum: Investing - Help with Personal Investments
Topic: Why own individual stocks?
Replies: 88
Views: 9777

Re: Why own individual stocks?

I knew nothing about index funds when I purchased Mcdonalds ,WalMart and Coke,about 25 years ago. I purchased them for Growth of Capital and Income. Fortunately they have provided both. :mrgreen: I I started with these plus XOM and JNJ (3 years ago(.... wish I knew about about index funds a few yea...
by acejacksingh
Sun Feb 19, 2017 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for my Age - 28
Replies: 21
Views: 2968

Re: Advice for my Age - 28

I'm the same age recommend the following:

1) Max out that TSP
2) Enjoy life

:)
by acejacksingh
Wed Dec 07, 2016 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Feel like I'm spending more even though I'm saving more
Replies: 39
Views: 4819

Re: Feel like I'm spending more even though I'm saving more

Great thanks everyone who provided input! Factoring in everyone's comments and opinions, I think starting next year I'll reduce that discretionary spending bucket from $900 to $700 and increase my savings and vacation buckets by $100 each. Once I get to maybe 10k in my vacation fund I'll increase my...
by acejacksingh
Sun Dec 04, 2016 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Feel like I'm spending more even though I'm saving more
Replies: 39
Views: 4819

Feel like I'm spending more even though I'm saving more

So Bogleheads every since I started maxing out my 401k, IRA, and HSA accounts, I've had this mentality that I can spend my remaining paycheck freely and almost recklessly. In my mind if I max these accounts, I will be fine in the future, so why not spend everything else I make? I'm wondering if anyo...
by acejacksingh
Mon Nov 21, 2016 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Do you track your net worth? How long have you done so?
Replies: 110
Views: 11615

Re: Do you track your net worth? How long have you done so?

Yup, since 2013 almost at 3 years now. I check the first of every month because it helps me stay motivated
by acejacksingh
Mon Aug 15, 2016 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Mid Year Check In
Replies: 5
Views: 1213

Re: Mid Year Check In

Strayshot wrote:Good job! You are like a textbook case study for how to do things right.

Only thing I am curious about is why 16k and not 18k to the 401k and just contribute 2k less to the HSA?
Sorry I'm doing 18k to the 401k. What do you mean 2k less for the HSA ?
by acejacksingh
Thu Aug 11, 2016 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Mid Year Check In
Replies: 5
Views: 1213

Mid Year Check In

Hi all, Looking to do a mid year check in with everyone here. Below is an older post and updated stats: https://www.bogleheads.org/forum/viewtopic.php?f=1&t=174995&p=2650835#p2650835 Emergency funds: Yup Debt: None Tax Filing Status: Single Tax Rate: 25% Federal, 8% State State of Residence: MD Age:...
by acejacksingh
Sat Jul 23, 2016 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Networth = Age x Pretax income then divide by 10?
Replies: 49
Views: 8734

Re: Networth = Age x Pretax income then divide by 10?

This can't be a reliable calculation...

Age: 27
Pretax Income: ~$80,000
(27*80,000)/10 = $216,000

My NW is about half that and I thought I was ahead of the game.... :annoyed
by acejacksingh
Sun Jul 03, 2016 8:55 am
Forum: Investing - Help with Personal Investments
Topic: Starting the Investment Journey
Replies: 9
Views: 1150

Re: Starting the Investment Journey

Hello all. Recently started a new job and I am now eligible for the company 401(k) plan through Vanguard. I wanted get the opinion of those more experienced and knowledgeable then myself and get headed down the right investing/retirement path. Thanks for any feedback, I know these questions are ask...
by acejacksingh
Sat Apr 16, 2016 10:17 am
Forum: Personal Finance (Not Investing)
Topic: University of Virginia vs University of Miami
Replies: 148
Views: 14651

Re: University of Virginia vs University of Miami

As a recent (4 years out now) grad, I strongly recommend UVA. I recruit for my company (BIG 4) and we are specifically told to focus on only a few schools.

The undergrad degree will never come off the resume...

Best,
AceJ
by acejacksingh
Sun Mar 27, 2016 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Who should I set as my beneficiaries - Single, No kids
Replies: 23
Views: 5366

Who should I set as my beneficiaries - Single, No kids

Hi BHs, I just realized I don't have anyone listed as beneficiaries for my accounts. I'm single, 27, and don't have any kids. I also don't have a Will. Should i have a Will made? Other Suggestions? I'm leaning towards my parents, but does that make sense? Edit: Both parents are living (mid-60s). One...
by acejacksingh
Sun Mar 27, 2016 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Raid a Roth for second home down payment or US HELOC?
Replies: 4
Views: 718

Re: Raid a Roth for second home down payment or US HELOC?

I don't think it ever makes sense to raid retirement accounts unless it is one of those rare extreme emergencies...

Best of luck,
AceJ
by acejacksingh
Sat Mar 26, 2016 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: Best & Worst Financial Decisions?
Replies: 92
Views: 11575

Re: Best & Worst Financial Decisions?

Best: Listening to my dad about investing early on starting from age 24 (currently 27).

Worst: Buying a $30k car right out of college thinking I could afford it ha :P

Best,
AceJ
by acejacksingh
Sun Feb 28, 2016 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Quitting college
Replies: 141
Views: 12409

Re: Quitting college

"High school graduates earn about 62% of what those with four-year degrees earn" :happy http://time.com/money/4061150/college-degree-worth-it/ +100 Even though my current job isn't related to my college degree in any way shape or form, I don't think my current employer (BIG4 consulting firm) would ...
by acejacksingh
Sat Feb 20, 2016 6:58 pm
Forum: Investing - Help with Personal Investments
Topic: Target Retirement Fund vs. Manual
Replies: 11
Views: 1329

Re: Target Retirement Fund vs. Manual

Toons wrote:You can't beat it for simplicity.
Set it and forget it.
Automatic Rebalance :happy
+1

I'm 26 and only use Target Date Vanguard Fund 2060 for retirement accounts.
by acejacksingh
Sun Feb 14, 2016 2:07 am
Forum: Investing - Theory, News & General
Topic: Should I invest anymore money- Theoretical Question
Replies: 23
Views: 3260

Should I invest anymore money- Theoretical Question

Hi BHs - Just a theoretical question, information is meant more for discussion then actionable. I will continue to invest based off of my investment plan :happy If I have $150,000 invested towards retirement at the age of 27 and plan to retire at 65 (38 more years of compounding), assuming an annual...
by acejacksingh
Sat Jan 30, 2016 11:45 am
Forum: Personal Finance (Not Investing)
Topic: What age did you start maxing out your retirement contributions?
Replies: 65
Views: 7245

Re: What age did you start maxing out your retirement contributions?

26

Maxing: Roth IRA, Trad 401k, and HSA

Thanks to discovering BH a few years back and hitting the parent lottery.

:D
by acejacksingh
Wed Jan 13, 2016 7:22 pm
Forum: Investing - Help with Personal Investments
Topic: Decisions: Eliminate PMI, Max 401k, or Pay Student Loans?
Replies: 14
Views: 2126

Re: Decisions: Eliminate PMI, Max 401k, or Pay Student Loans?

Personally I would (I'm also 26!) sell the BAC shares and pay down the car debt. Not having that $250/month commitment would be amazing from a monthly budget stand point. It could easily go towards other things....like loans.

Anyways best of luck!
AceJ
by acejacksingh
Fri Jan 01, 2016 11:10 pm
Forum: Personal Finance (Not Investing)
Topic: Savings % Target 2016?
Replies: 168
Views: 14402

Re: Savings % Target 2016?

around 30% of current salary
by acejacksingh
Fri Jan 01, 2016 9:32 pm
Forum: Investing - Help with Personal Investments
Topic: Where to Keep Down Payment $$ for 6-18 months
Replies: 13
Views: 1853

Re: Where to Keep Down Payment $$ for 6-18 months

who ever gives you the highest interest CD.
by acejacksingh
Wed Dec 30, 2015 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: What age did you hit $100,000?
Replies: 136
Views: 24833

Re: What age did you hit $100,000?

I love that this thread has survived about a year.

Keep the answers coming!

Thanks again,
AceJ
by acejacksingh
Fri Dec 25, 2015 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: [What will you do differently in] 2016
Replies: 62
Views: 8861

Re: [What will you do differently in] 2016

Stick to my monthly budget !!

....I always start out strong but some where in the middle of the year I start to falter :?
by acejacksingh
Wed Dec 02, 2015 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: What age did you hit $100,000?
Replies: 136
Views: 24833

Re: What age did you hit $100,000?

I forgot I started this poll about a year ago. Turns out I did hit a NW of $100,000 @ 26 ... just about a month ago!

Thanks again for all your inputs and advice. I couldn't have made it without the guidance found here.

V/r

AceJ
by acejacksingh
Sun Oct 18, 2015 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Challenging career decision
Replies: 14
Views: 2485

Re: Challenging career decision

Bee

for a lot of the reasons you already listed
by acejacksingh
Sun Oct 11, 2015 7:22 am
Forum: Investing - Help with Personal Investments
Topic: Mid-20s, looking at new 401k and Roth IRA investment options
Replies: 4
Views: 844

Re: Mid-20s, looking at new 401k and Roth IRA investment options

I would change the Roth IRA to only the Target Date Fund because the other assets are already encompassed in the target date fund. No need to have overlaps. Sell these: 1% VANGUARD GROWTH ETF (VUG) (0.09%) 1% VANGUARD S&P 500 INDEX ETF NEW (VOO) (0.05%) 2% VANGUARD TOTAL BOND MARKET ETF (BND) (0.07%...
by acejacksingh
Fri Oct 09, 2015 6:39 pm
Forum: Investing - Help with Personal Investments
Topic: How am I doing? Just hit first milestone
Replies: 19
Views: 3431

Re: How am I doing? Just hit first milestone

Excellent,100k,26 years Young :happy Keep On Keeping On. Like others have said, great job! 26 and future early retirement if that's the goal. I was accruing debt and "living the life" at that age, lol. Good for you! Don't stop. Thanks for the comments! Going back to my questions... what should my n...
by acejacksingh
Sun Oct 04, 2015 8:09 am
Forum: Investing - Help with Personal Investments
Topic: How am I doing? Just hit first milestone
Replies: 19
Views: 3431

Re: How am I doing? Just hit first milestone

Any reason you're not maxing out the 401k? I could if my cost of living wasn't so high (DMV). I would also like to have more cash on hand for buying a house. Right now maxing out the 401k wouldn't help with that. Your EF covers a year of expenses - but you mentioned a down payment for a home. Based...
by acejacksingh
Sat Oct 03, 2015 8:15 pm
Forum: Investing - Help with Personal Investments
Topic: How am I doing? Just hit first milestone
Replies: 19
Views: 3431

Re: How am I doing? Just hit first milestone

Desired Asset allocation: 90% stocks / 10% bonds 26? Man up and go 100% stocks 8-) . I don't disagree with you, but I think a target date fund makes things easy which is one of Mr. Bogle's rules for investing :P Fantastic! I was so clueless at 26 I'd have had a hard time spelling "net worth" ... I ...
by acejacksingh
Sat Oct 03, 2015 4:53 pm
Forum: Investing - Help with Personal Investments
Topic: How am I doing? Just hit first milestone
Replies: 19
Views: 3431

Re: 26 year old hits first milestone - review

Longdog wrote:You reached $100K of net worth making $80,000/year at age 26, and you're asking how you're doing? In my opinion, phenomenal. Are you doing anything for fun?
Thanks! Only makes me feel more confident with my plan.

And yes, I have plenty of fun within my budget.
by acejacksingh
Sat Oct 03, 2015 1:03 pm
Forum: Investing - Help with Personal Investments
Topic: How am I doing? Just hit first milestone
Replies: 19
Views: 3431

How am I doing? Just hit first milestone

Hi BHs, Been about a year since I discovered this site. I don't post much, but I do read a lot of the posts and wanted to thank everyone on this site. I was updating my monthly spreadsheet this morning and realized I just hit my first financial milestone, $100,000+ net worth. It was mostly from all ...
by acejacksingh
Tue Aug 18, 2015 4:32 pm
Forum: Investing - Help with Personal Investments
Topic: How to invest in oil thinking oil prices will go up
Replies: 15
Views: 2563

Re: How to invest in oil thinking oil prices will go up

XOM would be a good one to pick up.... otherwise VDE.

The best investment would be VTI for diversification :D
by acejacksingh
Sun Aug 09, 2015 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: Cash in my mattress
Replies: 8
Views: 2015

Re: Cash in my mattress

Target Date Fund at Vanguard I'm 26 and use VTTSX
by acejacksingh
Tue Jul 28, 2015 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Where do you keep/park your emergency fund?
Replies: 54
Views: 8580

Re: Where do you keep/park your emergency fund?

Everyday needs: Checking
Tier I: 6 months of expenses in Savings
Tier II: VWITX
Tier III: Taxable stocks
by acejacksingh
Thu Jul 23, 2015 9:58 am
Forum: Personal Finance (Not Investing)
Topic: What are your financial goals?
Replies: 41
Views: 5566

Re: What are your financial goals?

Age: 26

Short Term:
1) Get to a NW of $100,000 before 30
2) Save at least 20% for a down payment before 30
3) Increase salary to $100,000 before 30 (and stay employed!)
4) Max out 401k, IRA, and HSA every year

Long Term:
1) Retire by 50
2) Buy an Aston Martin DBS :mrgreen:
by acejacksingh
Fri Jul 17, 2015 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: HSA's and Emergency Funds
Replies: 8
Views: 1501

Re: HSA's and Emergency Funds

englishgirl wrote: So I have been increasing my EF along with saving into my HSA.
+1 I think the HSA account should be used for your "health EF" but you need to continue building up the EF for other expenses
by acejacksingh
Thu Jul 16, 2015 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: Switching Jobs - Things to consider?
Replies: 4
Views: 785

Re: Switching Jobs - Things to consider?

For your 401k, consider contacting the Vanguard Conceirge service. I used them to move my previous employer 401k (did this two times) to Vanguard. They did all the setup/legwork and even called Fidelity for me in a conference call. Your Traditional portion will be transferred to a "Rollover IRA". T...
by acejacksingh
Thu Jul 16, 2015 9:29 am
Forum: Investing - Help with Personal Investments
Topic: Switching Jobs - Things to consider?
Replies: 4
Views: 785

Switching Jobs - Things to consider?

Hi BHs, I was lucky enough to be offered a higher paying role at a larger company (BIG4) this week! What are some things I should consider in terms of my old HSA (Payflex) and 401k (Voya) plans ? My original goal was to max both of these accounts (already maxed the Roth IRA for this year) over the c...
by acejacksingh
Wed Jul 15, 2015 2:48 pm
Forum: Personal Consumer Issues
Topic: That Frugal Thing You Do
Replies: 571
Views: 134805

Re: That Frugal Thing You Do

1) Brew my own coffee
2) Usually pack a lunch / only eat out weekends
3) Only buy clothes once a year always at the Outlets
4) Wash my own car (mostly because it's smoothing)
5) Use the printers at work for personal use

Those would be the big ones :mrgreen:
by acejacksingh
Wed Jul 15, 2015 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: Financial Review - 29 & 28 Year Old Married Couple
Replies: 14
Views: 2269

Re: Financial Review - 29 & 28 Year Old Married Couple

$50,000 might be too much for an EF, but I don't think $20,000 is enough. Look for something in the middle maybe like $35,000 in cold hard cash. Then maybe build a secondary fund with bond funds and CDs
by acejacksingh
Mon Jul 13, 2015 1:39 pm
Forum: Investing - Theory, News & General
Topic: Investing vs. Student Loan vs. Emergency Fund
Replies: 9
Views: 1373

Re: Investing vs. Student Loan vs. Emergency Fund

I think you should have more then $15,000 with all the information you provided. Personally I'm single 26 no kids and have about a bit more then $20,000 in true cash...we also make about the same.

If I was you I would shoot for at least $30,000 then start investing.

Also congrats on graduating!
by acejacksingh
Mon Jul 13, 2015 10:08 am
Forum: Personal Consumer Issues
Topic: Moving from LCOL to HCOL
Replies: 19
Views: 3753

Re: Moving from LCOL to HCOL

Being a DC native, I recommend you revisit your budget and expect to be spending that $9,000 extra on rent.

So the metro system isn't to bad if you live in the city so I would recommend getting rid of the truck

Welcome to the DMV, let's grab a beer :sharebeer