Search found 1014 matches

by angelescrest
Tue Jan 14, 2020 12:19 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1412
Views: 365112

Re: Share your net worth progression

Age 61, Married. Retired in April of 2018. The following is just for me as I wanted to be able to compare now with 27 years ago. Mostly I had low stock allocations and was lucky to live through a good economy and a long period of pretty good bond returns. Was always a good saver but nothing crazy. ...
by angelescrest
Sun Jan 05, 2020 12:03 pm
Forum: Personal Consumer Issues
Topic: Flaunt Your High-Mileage Car
Replies: 630
Views: 86693

Re: Flaunt Your High-Mileage Car

For those over 200k, I’d love to know what kind of maintenance and replacement you have done, and how much you think that was a factor. Does the “if it ain’t broke, don’t fix it” motto work? Or were you very diligent on replacing parts as they aged? Our old Camry drives well at 150,000 miles, but t...
by angelescrest
Fri Dec 20, 2019 7:49 am
Forum: Personal Consumer Issues
Topic: Tesla Owners: Worth the hassle?
Replies: 88
Views: 6863

Re: Tesla Owners: Worth the hassle?

If the OP can’t get access to regular charging for an EV, why would a PHEV make more sense? cause if OP wants to drive on electric and can't charge some of the time, it makes sense. if op only has bev and needs a charge and it's not available, op is screwed. The OP may only be able to charge occasi...
by angelescrest
Thu Dec 19, 2019 10:24 pm
Forum: Personal Consumer Issues
Topic: Tesla Owners: Worth the hassle?
Replies: 88
Views: 6863

Re: Tesla Owners: Worth the hassle?

If the OP can’t get access to regular charging for an EV, why would a PHEV make more sense? Having owned a condo, and considered living in one again recently, I have wondered when condo boards will consider how not having EV infrastructure might limit future buyers. It was a factor in our thinking. ...
by angelescrest
Thu Dec 19, 2019 4:42 pm
Forum: Personal Consumer Issues
Topic: Flaunt Your High-Mileage Car
Replies: 630
Views: 86693

Re: Flaunt Your High-Mileage Car

For those over 200k, I’d love to know what kind of maintenance and replacement you have done, and how much you think that was a factor. Does the “if it ain’t broke, don’t fix it” motto work? Or were you very diligent on replacing parts as they aged? Our old Camry drives well at 150,000 miles, but th...
by angelescrest
Sat Dec 07, 2019 10:06 pm
Forum: Personal Consumer Issues
Topic: Eyeglasses: Warby Parker or Costco?
Replies: 33
Views: 3144

Re: Eyeglasses: Warby Parker or Costco?

Warby Parker was the best service and experience we have ever had looking for glasses. Couldn’t believe how well it went, for really nice style frames and lenses, for $95 total. I was so impressed that I wondered how I could invest in them, which of course I can’t yet. Really simple process. The oth...
by angelescrest
Sun Nov 10, 2019 7:54 am
Forum: Personal Investments
Topic: Windfall
Replies: 21
Views: 2198

Re: Windfall

I was in a similar situation last year and bogleheads advised to pay down the mortgage. After lots of research on what the actual net difference between CD (or whatever you chose) and mortgage I found it to be not worth it. Paying down the mortgage is guaranteed savings and also comes with a lot of...
by angelescrest
Thu Oct 31, 2019 7:16 pm
Forum: Personal Investments
Topic: Got Finances in Order, ready to begin investing?
Replies: 22
Views: 1739

Re: Got Finances in Order, ready to begin investing?

We moved to Texas in 2014 from Knoxville, TN. Its funny, cause my neighbors do the same, but for me, I complain about property taxes being outrageously high and electric costs. Compared to TN, the cost of living is about 32% higher in Texas. TN has no state income taxes as well. People always want ...
by angelescrest
Thu Oct 31, 2019 8:06 am
Forum: Personal Investments
Topic: Got Finances in Order, ready to begin investing?
Replies: 22
Views: 1739

Re: Got Finances in Order, ready to begin investing?

I look around at all my neighbors in Texas and wonder if many are not in the same situation as you are. Housing prices are reasonable, but they all drive around massive, very expensive trucks that are as loud as ____. They all complain wildly about the water bills and all their monthly expenses, but...
by angelescrest
Thu Oct 31, 2019 6:48 am
Forum: Personal Finance (Not Investing)
Topic: 15 vs 20 year term life???
Replies: 33
Views: 2466

Re: 15 vs 20 year term life???

My agent works for Northwester Mutual but he is also an independent broker. Northwestern Mutual is a huge red flag. I would be very suspicious that your agent, though supposedly independent, is somehow restricted to offering only to policies that provide large commissions to himself or his company....
by angelescrest
Sun Oct 20, 2019 9:36 am
Forum: Personal Investments
Topic: Can she have a Roth and SEP IRA?
Replies: 6
Views: 424

Re: Can she have a Roth and SEP IRA?

You may also want to look doing a Solo 401k instead of a SEP. A Solo 401k won’t impact your ability to do backdoor Roth conversions. It will also give you the flexibility to shelter more money from taxes. You can set aside up to 19k for the employee portion plus 25% of profits for the employer port...
by angelescrest
Sat Oct 19, 2019 9:11 pm
Forum: Personal Investments
Topic: Taxable investment account for college?
Replies: 114
Views: 6794

Re: Taxable investment account for college?

Sorry for the late reply, but it’s been a crazy week. These final posts are very thoughtful observations, and I especially appreciate the context provided. The uniqueness of the various households can result in very different choices. We have been able to max out our Roth IRAs I believe for the last...
by angelescrest
Fri Oct 11, 2019 3:53 pm
Forum: Personal Investments
Topic: Taxable investment account for college?
Replies: 114
Views: 6794

Re: Taxable investment account for college?

When our children enter college, our first funding line for college will be to stop the mortgage overpayment, taxable investing and 529 contributions and redirect those funds towards college tuition, room and board. If that is insufficient (it will be), we then begin to use 529 savings and taxable ...
by angelescrest
Fri Oct 11, 2019 3:42 pm
Forum: Personal Investments
Topic: Taxable investment account for college?
Replies: 114
Views: 6794

Re: Taxable investment account for college?

Take a gap to work and earn some money for school. More and more I'm convinced kids need to work BEFORE college, to help them learn whether the career they think they want is really a good fit. Most kids are blindly picking majors, with little real idea of what they lead to in the work world. DD1 h...
by angelescrest
Fri Oct 11, 2019 2:25 pm
Forum: Personal Investments
Topic: Taxable investment account for college?
Replies: 114
Views: 6794

Re: Taxable investment account for college?

Please consider doing this useful exercise for homework: Find a PDF of the FAFSA form, print it on paper and fill the whole thing out. Some really good take aways I got from these seminars: 1) The income level to get grants is the government poverty line. If you're not below it, you're likely not g...
by angelescrest
Fri Oct 11, 2019 2:23 pm
Forum: Personal Investments
Topic: Taxable investment account for college?
Replies: 114
Views: 6794

Re: Taxable investment account for college?

We haven't had to make any withdrawals, any payments we've made have been cash flowed. Scholarships, grants, the kids' earnings and the kids' loans have mostly covered things. So far, the loans haven't been an undue burden. DD1 paid her loans off in a few years. DS2 is taking a slower route, but he...
by angelescrest
Thu Oct 10, 2019 11:43 pm
Forum: Personal Investments
Topic: Taxable investment account for college?
Replies: 114
Views: 6794

Re: Taxable investment account for college?

The majority opinion here on BH is to max out tax advantaged retirement accounts first before funding a 529. I don't agree that this is the "majority opinion", and I'd be worried if it was. There may be a subset of folks who think that maximizing retirement savings is a legitimate goal in and of it...
by angelescrest
Wed Oct 09, 2019 8:24 am
Forum: Personal Investments
Topic: Taxable investment account for college?
Replies: 114
Views: 6794

Re: Taxable investment account for college?

I’m listening here, and this is helpful. I can try to summarize my thinking along with how some of the feedback might apply to our situation. 1. I appreciate and agree with the idea of prioritizing retirement over college. We believe we are on track with our retirement savings, and as income goes up...
by angelescrest
Wed Oct 09, 2019 6:31 am
Forum: Personal Investments
Topic: Taxable investment account for college?
Replies: 114
Views: 6794

Re: Taxable investment account for college?

OP, do you receive any state tax reductions if you contribute to a 529 plan? I have always felt dedicated savings for college expenses were best and were preferable to hoping to cash-flow. I'm sure any who are planning to cash-flow the education expenses are sincere in their plans, but, life happen...
by angelescrest
Tue Oct 08, 2019 5:56 pm
Forum: Personal Investments
Topic: Taxable investment account for college?
Replies: 114
Views: 6794

Re: Taxable investment account for college?

I think we are talking about different things. My statement, that you quoted, was referring to my W-2 income, not the retirement accounts. I do not know what our income will be in 10 years, and will have to wait and see if the income can directly cover college expenses. As for our retirement saving...
by angelescrest
Tue Oct 08, 2019 5:31 pm
Forum: Personal Consumer Issues
Topic: Returned first iPhone; are they all like this?
Replies: 27
Views: 3461

Re: Returned first iPhone; are they all like this?

arf30 wrote:
Tue Oct 08, 2019 5:14 pm
I'm an Android person myself but if I wanted to try an iPhone I'd get the newest model to make it a fair comparison.
That’s a very fair comment, though iPhone 7 is still compatible with iOS 13 according to Apple.
by angelescrest
Tue Oct 08, 2019 5:20 pm
Forum: Personal Consumer Issues
Topic: Returned first iPhone; are they all like this?
Replies: 27
Views: 3461

Re: Returned first iPhone; are they all like this?

Am I just too used to Android? Yes. Yes. There are enough differences that if you don’t enjoy learning the operating system—which is certainly understandable—then I definitely suggest sticking with what you know. I don’t particularly like learning new software. A large number of the challenges you ...
by angelescrest
Tue Oct 08, 2019 5:11 pm
Forum: Personal Investments
Topic: Taxable investment account for college?
Replies: 114
Views: 6794

Re: Taxable investment account for college?

I think we are talking about different things. My statement, that you quoted, was referring to my W-2 income, not the retirement accounts. I do not know what our income will be in 10 years, and will have to wait and see if the income can directly cover college expenses. As for our retirement saving...
by angelescrest
Tue Oct 08, 2019 4:32 pm
Forum: Personal Investments
Topic: Taxable investment account for college?
Replies: 114
Views: 6794

Re: Taxable investment account for college?

It would be nice if we are in a position to fund college via our work income at that time, but we'll just see. This statement does not make any sense if you actually do the calculation. KlangFool, do you enjoy finding problems where they don't exist? My statement was a very general assertion. Yes, ...
by angelescrest
Tue Oct 08, 2019 3:57 pm
Forum: Personal Investments
Topic: Taxable investment account for college?
Replies: 114
Views: 6794

Re: Taxable investment account for college?

It would be nice if we are in a position to fund college via our work income at that time, but we'll just see. This statement does not make any sense if you actually do the calculation. KlangFool, do you enjoy finding problems where they don't exist? My statement was a very general assertion. Yes, ...
by angelescrest
Tue Oct 08, 2019 1:57 pm
Forum: Personal Investments
Topic: Taxable investment account for college?
Replies: 114
Views: 6794

Re: Taxable investment account for college?

Best way to go is to look at the actual EFC formulas: https://ifap.ed.gov/efcformulaguide/attachments/2021EFCFormulaGuide.pdf Start on page 9. Then you can see if your "very modest" income will give you a high or low EFC. Then add your taxable assets OR 529 assets (they will count exactly the same ...
by angelescrest
Tue Oct 08, 2019 9:54 am
Forum: Personal Investments
Topic: Taxable investment account for college?
Replies: 114
Views: 6794

Re: Taxable investment account for college?

We are in the 12?% tax bracket at the moment, and would likely move up to 22% later when spouse is working more. angelescrest, Please verify that whether you qualify for the following tax credits if you max up your Trad. 401K. https://www.irs.gov/credits-deductions/individuals/earned-income-tax-cre...
by angelescrest
Tue Oct 08, 2019 9:27 am
Forum: Personal Investments
Topic: Taxable investment account for college?
Replies: 114
Views: 6794

Re: Taxable investment account for college?

I would max out your 401k before you put anything in a 529 or in the brokerage account. Assets in retirement accounts (401k, Roth, IRA) are not counted when applying for financial aid. Assets in a 529 can be counted up to ~6% of the value. Assets in a brokerage account will be counted at a much hig...
by angelescrest
Tue Oct 08, 2019 8:48 am
Forum: Personal Consumer Issues
Topic: Should I sell or keep my 5 year old depreciated Tesla
Replies: 89
Views: 8246

Re: Should I sell or keep my 5 year old depreciated Tesla

From a financial point of view, it makes no sense to sell the Tesla and buy a Honda Accord. A fully loaded Honda Accord is quite expensive imo, so I don't necessarily view someone driving a new Honda Accord as being a more humble consumer. If you really wanted to look less flashy, then maybe somethi...
by angelescrest
Sun Oct 06, 2019 6:03 pm
Forum: Personal Investments
Topic: Taxable investment account for college?
Replies: 114
Views: 6794

Re: Taxable investment account for college?

I would keep the money in the brokerage account and fund a 529 account with new money. That is assuming you are putting away enough money for retirement. Your retirement is more important then your children's college fund. Definitely agree with saving for retirement first. I don't think, though, th...
by angelescrest
Sun Oct 06, 2019 3:33 pm
Forum: Personal Investments
Topic: Taxable investment account for college?
Replies: 114
Views: 6794

Re: Taxable investment account for college?

I would keep the money in the brokerage account and fund a 529 account with new money. That is assuming you are putting away enough money for retirement. Your retirement is more important then your children's college fund. Definitely agree with saving for retirement first. I don't think, though, th...
by angelescrest
Sun Oct 06, 2019 9:43 am
Forum: Personal Investments
Topic: Taxable investment account for college?
Replies: 114
Views: 6794

Taxable investment account for college?

I have about $90,000 in a taxable investment account. About 18k is in cash and 72k are in blue chip stocks. $29,000 in gains at this point. The cash is from some equities I sold off in the past year or two. The stocks have done ok but I recognize it affects how diversified I am. The rest of my retir...
by angelescrest
Sat Oct 05, 2019 3:54 pm
Forum: Personal Consumer Issues
Topic: Mouse in the house
Replies: 46
Views: 4714

Re: Mouse in the house

I use a glue gun and glue dog food to the trap. Peanut butter they can lick right off. This way they pull on it, and bam. I researched heavily and went with Victor snap traps. I’ve got a half dozen around my garage now, after having a major infestation. Caught only two but since I also cleaned out t...
by angelescrest
Thu Sep 26, 2019 10:59 pm
Forum: Personal Consumer Issues
Topic: Beyond Meat Burger? Do you like?
Replies: 119
Views: 9943

Re: Beyond Meat Burger? Do you like?

This is not a short term fad. Major meat companies like Tyson are making significant strategic investments in meatless foods. Restaurant chains are making lots of money off this. There seem to be a wide variety of different patties made by Beyond, and Impossible, no? I’ve tried a number at different...
by angelescrest
Thu Sep 26, 2019 10:39 pm
Forum: Personal Consumer Issues
Topic: Beyond Meat Burger? Do you like?
Replies: 119
Views: 9943

Re: Beyond Meat Burger? Do you like?

JMacDonald wrote:
Thu Aug 01, 2019 10:09 am
I try to avoid eating meat. I had a taco with Beyond Meat at Del Taco when it was first offered. I didn't care for it and won't order it again. Also the ingredients don't seem to be very healthy.
Del Taco...did you expect any of the ingredients would be healthy? :oops:
by angelescrest
Thu Sep 26, 2019 10:08 pm
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age? and, Why?
Replies: 284
Views: 34605

Re: What is your AA, given your age? and, Why?

Age 72, retired with pension and wife has SS. AA is 30/70. Pretty conservative, but we have no reason to assume much risk. As long as we beat inflation by a few points, we're happy. Pension and SS take care of all the bills with some left over. Wouldn’t the opposite be true? If pension and SS cover...
by angelescrest
Thu Sep 26, 2019 5:45 pm
Forum: Personal Consumer Issues
Topic: Suggestions for good leather shoe?
Replies: 43
Views: 4599

Re: Suggestions for good leather shoe?

arengarajsug88 wrote:
Thu Sep 26, 2019 3:33 pm


3. Any idea about DSW shoes? Are they a good brand, and do they sell good leather shoes?
DSW is a retailer, they don’t make shoes.
by angelescrest
Thu Sep 26, 2019 5:45 pm
Forum: Personal Consumer Issues
Topic: Suggestions for good leather shoe?
Replies: 43
Views: 4599

Re: Suggestions for good leather shoe?

Yes, definitely Allen Edmonds seconds. Go right now to shoebank.com, and search the inventory. Then call the outlet store that has that shoe, and place an order. You won’t find a better quality hand crafted shoe for the money. Now as far as which model to get...well, that’s another matter entirely.
by angelescrest
Tue Sep 17, 2019 7:17 am
Forum: Personal Finance (Not Investing)
Topic: Can I transfer part of a Solo 401(k)?
Replies: 17
Views: 1169

Re: Can I transfer part of a Solo 401(k)?

So if your business has to close down, what is required of your solo 401k? You have to roll it over to a personal IRA (one certainly wouldn’t want to withdraw)?
by angelescrest
Thu Aug 29, 2019 7:22 pm
Forum: Personal Investments
Topic: FIRE Drawdown Plan
Replies: 62
Views: 7111

Re: FIRE Drawdown Plan

Hi all. I'm looking into going the FIRE route with a target number of 700-800k and a planned 4% SWR. Planning to move abroad to a LCOL area. Currently have about 250 in Traditional IRA in Vanguard Target Date Fund 2040. Will likely move this. Have about 15 in Google/Apple. Have about 95 in differen...
by angelescrest
Sat Aug 24, 2019 12:57 pm
Forum: Personal Investments
Topic: Age 92 Dad Wants to Boost stocks
Replies: 71
Views: 12406

Re: Age 92 Dad Wants to Boost stocks

letsgobobby wrote:
Sun Nov 13, 2016 2:19 am

Physicians have both confirmation bias and sample bias to watch for.
This.
by angelescrest
Tue Aug 20, 2019 10:42 am
Forum: Personal Consumer Issues
Topic: How to remove security system in new home?
Replies: 18
Views: 1144

Re: How to remove security system in new home?

Thanks for the replies thus far. I'm leaning towards bringing in an electrician, and maybe adding a doorbell video camera (since it appears to already be wired).
by angelescrest
Tue Aug 20, 2019 10:33 am
Forum: Personal Consumer Issues
Topic: How to remove security system in new home?
Replies: 18
Views: 1144

Re: How to remove security system in new home?

There was one in my house when I moved in. I arranged with the monitoring company, which all these years later I guess may have been the installation company, to remove it. I plan on living here until I croak, and I didn't want a bunch of unnecessary wires, etc. around. That was the issue in my ori...
by angelescrest
Tue Aug 20, 2019 8:25 am
Forum: Personal Consumer Issues
Topic: Battery powered lawn mower
Replies: 54
Views: 3632

Re: Battery powered lawn mower

mmmodem wrote:
Tue Aug 20, 2019 6:31 am
ponyboy wrote:
Mon Aug 19, 2019 6:04 pm
When my mower runs out of fuel, takes less than 60 seconds to top off. Seems like a clear winner to me.
Way too long. Takes me 5 seconds to swap out the battery. :beer
Yeah, you also need to keep getting gas at the pump station.
by angelescrest
Tue Aug 20, 2019 8:24 am
Forum: Personal Consumer Issues
Topic: Battery powered lawn mower
Replies: 54
Views: 3632

Re: Battery powered lawn mower

We have mower in very cold conditions in Michigan to the hottest temps in Texas without issue. But during the off season I make sure to store the batteries between 50-80% as all lithium ions should be stored. I also don’t keep them in the garage where temps are not always favorable. I have heard th...
by angelescrest
Tue Aug 20, 2019 8:21 am
Forum: Personal Consumer Issues
Topic: How to remove security system in new home?
Replies: 18
Views: 1144

How to remove security system in new home?

We purchased a newish home and it has a Hawk security system installed in it. There's a panel, possibly a video doorbell, and every so often it makes noise. I called the company, and unsurprisingly, they could give me no instructions on how to remove it and just wanted to sign me up on an expensive ...
by angelescrest
Mon Aug 19, 2019 10:03 pm
Forum: Personal Consumer Issues
Topic: Battery powered lawn mower
Replies: 54
Views: 3632

Re: Battery powered lawn mower

We have mower in very cold conditions in Michigan to the hottest temps in Texas without issue. But during the off season I make sure to store the batteries between 50-80% as all lithium ions should be stored. I also don’t keep them in the garage where temps are not always favorable. I have heard th...
by angelescrest
Mon Aug 19, 2019 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One Breach: What to Do if SSN Compromised
Replies: 8
Views: 1095

Re: Capital One Breach: What to Do if SSN Compromised

FWIW, I think you should assume your SSN has been breached before this. At least I do. So I have taken the step to do a freeze with all of the credit bureaus, which was an inconvenience when buying a home this summer, but nonetheless it wasn’t too bad. I will maintain this practice probably forever.
by angelescrest
Mon Aug 19, 2019 1:25 pm
Forum: Personal Consumer Issues
Topic: Battery powered lawn mower
Replies: 54
Views: 3632

Re: Battery powered lawn mower

I have the Ego 7.5 amp 21” mower. Been using it for 2 years now. I’ve only run into 1 issue. If the grass is tall and wet, even just from dew, it can get overloaded and unable to cut. I’d still recommend it over gas. I have a 0.25 acre lot and I can do front and back on 1 charge. This is my third s...
by angelescrest
Sun Aug 18, 2019 2:56 pm
Forum: Personal Consumer Issues
Topic: Battery powered lawn mower
Replies: 54
Views: 3632

Re: Battery powered lawn mower

Telling us more about your lawn would help, like the size. But I’ve also used an Ego for many years and it is simply one of the best products of any kind I have ever owned. I highly recommend it. I’d also suggest having at least 2 batteries.