Search found 84 matches

by lvrpl
Mon Oct 29, 2018 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Am I doing well financially?
Replies: 162
Views: 12660

Re: Am I doing well financially?

House is 1700 sq ft. 3br, 2ba. It's actually on the lower-end price range in our market and in a lesser-desirable neighborhood. Could very easily have spent $100k-$200k more on a house in our market. With potential kids coming down pipeline, downsizing isn't option. Don't think the house is the iss...
by lvrpl
Mon Sep 24, 2018 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: How to pay for upcoming medical / IVF expenses
Replies: 73
Views: 4786

Re: How to pay for upcoming medical / IVF expenses

Just a note on the cost - as you can see, there is a lot of variation in cost for IVF. I think the biggest variables driving people's answers here (and what you can expect) are the following: - How many times will you need to / want to try? Some people are saying it cost them $50k but then also sayi...
by lvrpl
Wed Sep 12, 2018 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: MBA vs Home Ownership
Replies: 24
Views: 2079

Re: MBA vs Home Ownership

My pre-MBA pay was $120k, my post MBA pay is $220k (tech RSU appreciation is really something else). And my current job only hires top MBAs. Quite a few MBAs from 6-figure schools in the house. I'm hijacking this thread because I've been told more than once by a good friend that I should look into ...
by lvrpl
Fri Sep 07, 2018 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Home purchase PITI % for high income earners
Replies: 16
Views: 1213

Re: Home purchase PITI % for high income earners

DW and I are considering purchasing a new house. My question revolves around PITI (Principal,Interest,Taxes,Insurance) guidelines for purchases. Many things I read suggest keeping PITI to < 28%. Or 28% PITI and up to 36% for total debt. Regardless of the exact numbers, do people adjust down PITI as...
by lvrpl
Thu Aug 16, 2018 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Big 4 Who Jumped to Industry - Compensation
Replies: 35
Views: 5855

Re: Big 4 Who Jumped to Industry - Compensation

Anyone that's left Big 4 in the last few years comfortable with saying what their actual compensation was (in absolute numbers, not increase %), along with the level / number of years you had at the Big 4? Totally understand if people don't want to share that but if you're comfortable, it would be v...
by lvrpl
Tue Jul 10, 2018 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Non-qualified retirement plan - should I enroll?
Replies: 5
Views: 341

Re: Non-qualified retirement plan - should I enroll?

You could look at this as the option to buy company stock at a 37.5% discount (since you're paying $1.00 for every $1.60 of stock). Would you buy the stock at that price? The other benefit (tax deferral) has to be weighed against the inability to cash out until you leave the company and the risks o...
by lvrpl
Tue Jul 10, 2018 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Non-qualified retirement plan - should I enroll?
Replies: 5
Views: 341

Re: Non-qualified retirement plan - should I enroll?

So it's all match money that you would otherwise not get? If so, what is the downside? I don't think I could put my money in it, but if it is money that would otherwise be left on the table I would. I think the downside is that the 6% I put in to get the match in this non-qualified plan will have t...
by lvrpl
Tue Jul 10, 2018 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Non-qualified retirement plan - should I enroll?
Replies: 5
Views: 341

Non-qualified retirement plan - should I enroll?

I've got the option at my employer (megacorp) to elect enrollment in a non-qualified retirement plan. Here's how it works: I currently get a 7.6% contribution from my employer when I contribute at least 6% of my income (4% is an automatic employer contribution with no matching requirement, 3.6% is a...
by lvrpl
Wed May 23, 2018 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Are there any experienced real-estate people here?
Replies: 39
Views: 4134

Re: Are there any experienced real-estate people here?

One other thing to consider is to sell it yourself without a realtor. I only think this option applies and is realistic in a hot market, which you are in. Do you really think that a listing agent is going to add more value than $21k (3% of the $700k value)? In truly hot markets, people will find you...
by lvrpl
Mon Apr 02, 2018 8:49 am
Forum: Investing - Help with Personal Investments
Topic: Any reason not to roll Roth 401k funds from old employers over to Roth IRA?
Replies: 18
Views: 1269

Re: Any reason not to roll Roth 401k funds from old employers over to Roth IRA?

Thanks for all the input, it's been very helpful. I'm going to set up the rollover and consolidate my accounts.
by lvrpl
Mon Apr 02, 2018 8:05 am
Forum: Investing - Help with Personal Investments
Topic: Help with funds in new company's 401k
Replies: 12
Views: 934

Re: Help with funds in new company's 401k

My wife's 401k has a similar lineup. To keep things simple, we use the fund that tracks the S&P 500 as a proxy for Total Stock and don't bother with the small cap fund. We hold most of our International outside of the 401k in our Roth IRAs (and taxable). The remaining allocation to International th...
by lvrpl
Sun Apr 01, 2018 3:41 pm
Forum: Investing - Help with Personal Investments
Topic: Help with funds in new company's 401k
Replies: 12
Views: 934

Re: Help with funds in new company's 401k

The bond index is intermediate-term, about 60/40 government/corporate, no Mortgage Backed Securities (MBS), average effective duration = 6.46 years, average credit quality = A. For a fund using the Barclays Capital U.S. Government/Credit Bond Index see iShares Government/Credit Bond ETF (GBF). Ok, ...
by lvrpl
Sun Apr 01, 2018 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: Help with funds in new company's 401k
Replies: 12
Views: 934

Re: Help with funds in new company's 401k

The bond index is intermediate-term, about 60/40 government/corporate, no Mortgage Backed Securities (MBS), average effective duration = 6.46 years, average credit quality = A. For a fund using the Barclays Capital U.S. Government/Credit Bond Index see iShares Government/Credit Bond ETF (GBF). Ok, ...
by lvrpl
Thu Mar 29, 2018 6:46 am
Forum: Investing - Help with Personal Investments
Topic: Help with funds in new company's 401k
Replies: 12
Views: 934

Re: Help with funds in new company's 401k

Do you have the names of the target funds? Paul They simply call them "Target Date Fund 2025" and so on. However, per MotoTrojan's recommendation, I requested the prospectuses for the funds to see what exactly is in them. However, for some bizarre reason, they can only mail me a hard copy and it lo...
by lvrpl
Thu Mar 29, 2018 6:44 am
Forum: Investing - Help with Personal Investments
Topic: Help with funds in new company's 401k
Replies: 12
Views: 934

Re: Help with funds in new company's 401k

lvrpl , welcome to the forum. The options in the core funds are: Those are decent funds. Equity Fund (S&P 500) -- Large caps, 80% of US stocks Small Company Stock Fund -- Mid/small caps, 20% of US stocks International Equity Fund -- Developed markets, 75% of international stocks Emerging Markets Eq...
by lvrpl
Wed Mar 28, 2018 9:14 pm
Forum: Investing - Help with Personal Investments
Topic: Help with funds in new company's 401k
Replies: 12
Views: 934

Help with funds in new company's 401k

I recently started at a new company and am trying to make sense of which funds I should/could use for a good passive portfolio. I could use some help making sense of whether I can build a good diversified portfolio out of these and would appreciate any thoughts. The megacorp I work for now has five ...
by lvrpl
Wed Mar 28, 2018 10:34 am
Forum: Investing - Help with Personal Investments
Topic: Any reason not to roll Roth 401k funds from old employers over to Roth IRA?
Replies: 18
Views: 1269

Re: Any reason not to roll Roth 401k funds from old employers over to Roth IRA?

Also good points about asset protection. For me, these accounts I'd be rolling over total less than $15k, so I suppose I'm less concerned about the asset protection implications as it's a relatively small part of my net worth (and hopefully a very small part in the future).
by lvrpl
Wed Mar 28, 2018 9:46 am
Forum: Investing - Help with Personal Investments
Topic: Any reason not to roll Roth 401k funds from old employers over to Roth IRA?
Replies: 18
Views: 1269

Re: Any reason not to roll Roth 401k funds from old employers over to Roth IRA?

If there is a high yielding stable value fund in an old 401k account, you might want to consider whether it's worth maintaining access to it. Good point - in my case, there is nothing special about the funds available in the old Roth 401k employer plan and, in fact, I'd prefer the options available...
by lvrpl
Wed Mar 28, 2018 9:32 am
Forum: Investing - Help with Personal Investments
Topic: Any reason not to roll Roth 401k funds from old employers over to Roth IRA?
Replies: 18
Views: 1269

Any reason not to roll Roth 401k funds from old employers over to Roth IRA?

I have two Roth 401k accounts from previous employers that are still held in those employers' plans. Is there any reason not to roll those balances over to my own personal Roth IRA (which is held at Vanguard)? For context, I do a backdoor Roth every year. I'd be rolling over these old employer accou...
by lvrpl
Tue Mar 27, 2018 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: House Purchase - Sanity Check On Financials
Replies: 53
Views: 4903

Re: House Purchase - Sanity Check On Financials

So our HHI is about the same as yours, also single income. We're about 10yrs older than you so we have more savings and quite a bit more equity in our current house that we bought for 395K in 2008. My husband is itching to upgrade our house and we would need to spend about 800-850K (with only about...
by lvrpl
Mon Mar 26, 2018 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: House Purchase - Sanity Check On Financials
Replies: 53
Views: 4903

Re: House Purchase - Sanity Check On Financials

I am a little surprised with the majority saying this can't be afforded. It certainly is pushing it, but OP is still talking about a mortgage that would be ~2.5x his gross income. I realize many here like that number to be closer to 2.0x income, but this isn't that crazy, is it? It's not the mortga...
by lvrpl
Mon Mar 26, 2018 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: House Purchase - Sanity Check On Financials
Replies: 53
Views: 4903

Re: House Purchase - Sanity Check On Financials

I am a little surprised with the majority saying this can't be afforded. It certainly is pushing it, but OP is still talking about a mortgage that would be ~2.5x his gross income. I realize many here like that number to be closer to 2.0x income, but this isn't that crazy, is it?
by lvrpl
Mon Feb 05, 2018 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Can/should we buy this much house?
Replies: 9
Views: 1612

Re: Can/should we buy this much house?

Thanks for all the thoughts so far. A few responses: Our oldest will be starting kindergarten next year so we'll be in the public schools shortly. All are excellent, but the school in the $730k house has a few kids that our son is already friends with that will also be starting kindergarten and woul...
by lvrpl
Mon Feb 05, 2018 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Can/should we buy this much house?
Replies: 9
Views: 1612

Can/should we buy this much house?

Looking for any thoughts to sanity check how much house we can afford. We just moved to a new high tax state (CT) for a job I’m starting and we’re looking at houses in the $600k-$730k range. Would love to get any thoughts on if we’re spending too much. Our personal info is below: -35 years old, wife...
by lvrpl
Thu Nov 16, 2017 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: How unwise is it to move to a high-tax fiscally-shaky state? (Connecticut)
Replies: 50
Views: 4753

Re: How unwise is it to move to a high-tax fiscally-shaky state? (Connecticut)

The salary bump from this move MAY have an effect on the pay at any subsequent jobs that you may or may not get. Do you expect this to be your final company? Ralph Interesting - how are you thinking of that? That a bump going to a HCOL area would help later? Or hurt? Odds that this is my final comp...
by lvrpl
Thu Nov 16, 2017 10:40 am
Forum: Personal Finance (Not Investing)
Topic: How unwise is it to move to a high-tax fiscally-shaky state? (Connecticut)
Replies: 50
Views: 4753

Re: How unwise is it to move to a high-tax fiscally-shaky state? (Connecticut)

More great input, thanks. A few more responses: -I agree that living in Hartford has it's own challenges. We'd most likely be looking at cities on the west side of Hartford (in the Farmington Valley - Avon, Simsbury, Farmington most likely). So we definitely won't be in the municipality. More just s...
by lvrpl
Wed Nov 15, 2017 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: How unwise is it to move to a high-tax fiscally-shaky state? (Connecticut)
Replies: 50
Views: 4753

Re: How unwise is it to move to a high-tax fiscally-shaky state? (Connecticut)

Thanks for all the thoughts so far. A few things in response to a some comments and questions so far: -We'd be going to the Hartford area - the job is in one of the western suburbs. -We don't actually like Texas all that much. It's fine, but we've liked other places much more. -We've lived in Boston...
by lvrpl
Wed Nov 15, 2017 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: How unwise is it to move to a high-tax fiscally-shaky state? (Connecticut)
Replies: 50
Views: 4753

How unwise is it to move to a high-tax fiscally-shaky state? (Connecticut)

I'm looking at a new job that would be in Connecticut and would require us to relocate from Dallas. We've had several people tell us we're crazy given the high-tax (both state income and property) situation in CT and the fiscal issues they're having at both the state level and city (Hartford) level....
by lvrpl
Mon Jan 09, 2017 2:08 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio from Schwab offerings?
Replies: 11
Views: 1056

Re: Portfolio from Schwab offerings?

Thanks again for the help everyone, greatly appreciated. I think I've got everything set up now! I went with the ETFs to leverage the slightly lower expense ratios (and did the funds in the calculator in_reality linked to - SCHB, SCHF, SCHC, SCHE, and SCHZ). However, I still need to set up my mom's ...
by lvrpl
Mon Jan 09, 2017 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio from Schwab offerings?
Replies: 11
Views: 1056

Re: Portfolio from Schwab offerings?

A couple of distinctions: 1) as at Fidelity, where there exist Freedom 20nn funds and Freedom 20nn Index funds, Schwab offers Target Retirement funds (expensively composed of actively managed) and Target Index funds(cheaply, passively managed to a glide path). The passives are newer, and easily mis...
by lvrpl
Mon Jan 09, 2017 10:56 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio from Schwab offerings?
Replies: 11
Views: 1056

Re: Portfolio from Schwab offerings?

The only compelling reason I can think of is if whoever is rebalancing the portfolio someday will not want to rebalance and not want to manage it. The simple calculator I suggested only has Intermediate Bond. The target date uses a mix of SCHP (tips), SCHO (short term treasuries), Intermediate Bond...
by lvrpl
Mon Jan 09, 2017 10:01 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio from Schwab offerings?
Replies: 11
Views: 1056

Re: Portfolio from Schwab offerings?

Thanks for all the thoughts so far, very helpful. Makes a lot of sense that I should forget about the Vanguard ETFs and either use the Schwab ETFs or the Schwab target date funds. If I like the lower ERs on the Schwab ETFs, is there any compelling reason to still use the target date fund (other than...
by lvrpl
Sun Jan 08, 2017 10:06 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio from Schwab offerings?
Replies: 11
Views: 1056

Portfolio from Schwab offerings?

I'm helping my parents transition away from a fee-based advisor to a DIY approach. Their retirement holdings are (and have to be, for now) held at Schwab. My parents' money is all in tax-deferred accounts, split between a 401k and a 457b. Between the two accounts, there's a mid 6-figure amount of mo...
by lvrpl
Wed Jan 04, 2017 10:04 am
Forum: Personal Finance (Not Investing)
Topic: How much term life insurance?
Replies: 12
Views: 1329

Re: How much term life insurance?

You're probably in the right range. I could be talked into anything from $1M to 3M. This means that $2M is a viable number, but going up another $1M doesn't seem unreasonable. If you do increase your life insurance, I would go with a shorter term than 30 years. I think a 10 or 20 year plan for 1M o...
by lvrpl
Wed Jan 04, 2017 9:56 am
Forum: Personal Finance (Not Investing)
Topic: How much term life insurance?
Replies: 12
Views: 1329

Re: How much term life insurance?

You didn't mention your wife? I would have 500k on her since your children are young. Replacing what she does for your family costs 10's of thousands every year. 2 million is a little on the lower end with your income/net worth/young children/stay home mom, but in just a couple of years it will be ...
by lvrpl
Tue Jan 03, 2017 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: How much term life insurance?
Replies: 12
Views: 1329

How much term life insurance?

I’ve been doing some thinking about my level of term life insurance and would welcome any input on how much term life insurance I should be carrying. Here are my details: – 33 years old, married with two young kids – wife stays at home and doesn’t earn a salary – current income is $205k base, ~$60k ...
by lvrpl
Wed Dec 07, 2016 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Impact of cancelling a long-standing credit card?
Replies: 12
Views: 1932

Re: Impact of cancelling a long-standing credit card?

Thanks for all the thoughts. I just wasn't sure if cancelling my longest-standing credit card (by far the longest-standing I've got) would hurt my credit significantly. Looks like I'll get on the phone with AmEx tonight to cancel it. Thanks.
by lvrpl
Tue Dec 06, 2016 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: Impact of cancelling a long-standing credit card?
Replies: 12
Views: 1932

Re: Impact of cancelling a long-standing credit card?

I am surprised AmEx did not offer you one of their no fee cards, such as the American Express Blue card. I was hoping for the same thing. But they claimed that, because my current card is a Delta card, they can only convert it to another Delta AmEx card. And the lowest fee Delta card they have is $...
by lvrpl
Tue Dec 06, 2016 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Impact of cancelling a long-standing credit card?
Replies: 12
Views: 1932

Impact of cancelling a long-standing credit card?

I've got a credit card that I've had for about ten years - the AmEx Delta Platinum card. I'm done with Delta (moved to a city that is a hub for American) and so don't want to keep paying the annual fee on this card. I called AmEx and was told my only option, if I want no membership fee, is to cancel...
by lvrpl
Tue Aug 23, 2016 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Morningstar: "How Should Younger Investors Think About Social Security?"
Replies: 34
Views: 4763

Re: Morningstar: "How Should Younger Investors Think About Social Security?"

I'm in the tail-end of the age group targeted by this article. For my personal retirement planning, I assume that some sort of Social Security benefits will likely be there in a few decades, but won't be anywhere near the same as what exists now. Right now, my budget and projections spreadsheet ass...
by lvrpl
Mon Aug 22, 2016 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Morningstar: "How Should Younger Investors Think About Social Security?"
Replies: 34
Views: 4763

Re: Morningstar: "How Should Younger Investors Think About Social Security?"

I'm in the tail-end of the age group targeted by this article. For my personal retirement planning, I assume that some sort of Social Security benefits will likely be there in a few decades, but won't be anywhere near the same as what exists now. Right now, my budget and projections spreadsheet ass...
by lvrpl
Fri Aug 12, 2016 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Reasonable cost for a will?
Replies: 16
Views: 2242

Re: Reasonable cost for a will?

Great thoughts, thanks for the input so far. So any tips on how to find a good attorney for this? If I don't have any references from local friends (which can be problematic anyway), is my best option just to try and google estate attorneys in my area and try to read online reviews? Any better metho...
by lvrpl
Tue Aug 09, 2016 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Reasonable cost for a will?
Replies: 16
Views: 2242

Reasonable cost for a will?

I'm married and have two young children (kids are 3 years old and 8 months old, wife and I are mid-30s). My wife and I need to get a will set up (I know, we should have done this at least 3 years ago...but we're correcting that now). We own a house, have a few standard retirement accounts, and have ...
by lvrpl
Sun Jul 10, 2016 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: How to finance M7 MBA
Replies: 20
Views: 3286

Re: How to finance M7 MBA

Also consider that at many of the top programs that do have part-time programs, the part-time students aren't allowed to attend full-time recruiting events. There are some schools where this isn't strictly enforced, but not many. It takes a ton of both luck and hustle to get a Goldman or Bain job f...
by lvrpl
Fri Jul 08, 2016 10:52 am
Forum: Personal Finance (Not Investing)
Topic: How to finance M7 MBA
Replies: 20
Views: 3286

Re: How to finance M7 MBA

If I were only going to make $125k afterwards, I'd keep working and get an executive MBA at a cheaper school. That said, if it were me, I'd sell the company stock to pay for as much of it as it will pay for. Keep the emergency fund and IRA. The taxable mutual funds could go either way. This. +1 ......
by lvrpl
Fri Jul 08, 2016 10:45 am
Forum: Personal Finance (Not Investing)
Topic: How to finance M7 MBA
Replies: 20
Views: 3286

Re: How to finance M7 MBA

Companies doing the hiring don't know or care whether it's a full-time, part-time, or executive MBA. A M7 MBA is essential if you're planning on going into I-banking or consulting, but if your goal is corporate management, a part-time or executive MBA at the best regional school will give the best ...
by lvrpl
Tue Jun 28, 2016 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Need help with a large bonus
Replies: 25
Views: 3719

Re: Need help with a large bonus

I am currently on track to receive a large bonus in Q1 of 2017. The bonus will be in the neighborhood of $450K-$500K, and I'm trying to figure out how to not get absolutely hammered in taxes. The thought of $190k - ish going to the government is rather unappetizing. Here are my particulars: Single ...
by lvrpl
Thu Jun 16, 2016 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: How to best afford IVF [In Vitro Fertilization]
Replies: 55
Views: 7241

Re: How to best afford IVF

Cheapest way? Move to Massachusetts. Insurance has to pay for it by law here. With a quick google search it looks like there are 15 states that require infertility coverage: Arkansas, California, Connecticut, Hawaii, Illinois, Louisiana, Maryland, Massachusetts, Montana, New Jersey, New York, Ohio,...
by lvrpl
Wed Jun 01, 2016 11:27 am
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 702
Views: 113541

Re: High Earners - What's Your Profession?

Consultant for one of the Big 3 consulting firms. I made ~$310k last year in 3rd full year out of business school. That total includes 180 in base / 110 bonus and 20k employer retirement contribution that vests immediately. I should make somewhere in the ~340k range this year. I travel a ton (>120 ...
by lvrpl
Thu May 26, 2016 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 702
Views: 113541

Re: High Earners - What's Your Profession?

Consultant for one of the Big 3 consulting firms. I made ~$310k last year in 3rd full year out of business school. That total includes 180 in base / 110 bonus and 20k employer retirement contribution that vests immediately. I should make somewhere in the ~340k range this year. I travel a ton (>120 ...