Search found 770 matches

by Sandi_k
Wed Sep 05, 2018 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Fee only Financial planners
Replies: 31
Views: 2592

Re: Fee only Financial planners

Aside from the Garrett Planning Network, I am interested in the Grove FInancial Model - I heard about it on the ChooseFI podcast, as well as the Mad Fientist's site. https://hellogrove.com/ They advertise CFPs, a one-time $600 fee, and then you can either use them as your "robo" advisor...or not. It...
by Sandi_k
Wed Sep 05, 2018 4:12 pm
Forum: Personal Consumer Issues
Topic: Daily Driver (Car) Over 100K Miles?
Replies: 96
Views: 6851

Re: Daily Driver (Car) Over 100K Miles?

srt7 wrote:
Tue Sep 04, 2018 10:36 pm
200K miles in under 10 years? 25K+ per year?

How does one put so many miles?
Live in California. It's a big state. ;)
by Sandi_k
Sat Sep 01, 2018 11:43 pm
Forum: Investing - Help with Personal Investments
Topic: Conversion to Roth, and Pro-Rata rule
Replies: 15
Views: 848

Re: Conversion to Roth, and Pro-Rata rule

So it's OK if we "convert" half of the deductible IRA to a Roth -- > pay the taxes on that 50% amount --> and then the following year convert the other half, and pay that last 50% of taxes due on the second converted half? Yes. That's much less complicated than I feared! Yes. If you convert $40k, y...
by Sandi_k
Sat Sep 01, 2018 11:43 pm
Forum: Investing - Help with Personal Investments
Topic: Conversion to Roth, and Pro-Rata rule
Replies: 15
Views: 848

Re: Conversion to Roth, and Pro-Rata rule

Yes. DH is semi-retired, and may want to pull from the accounts before 59.5 - not 55. So the 5 year clock is on my mind. Is there any money in Roth IRA now? If yes, how did it get there? It was all contributed in years when: 1) We had lower combined income. 2) I was contributing so much to my 403(b...
by Sandi_k
Sat Sep 01, 2018 4:44 pm
Forum: Investing - Help with Personal Investments
Topic: Conversion to Roth, and Pro-Rata rule
Replies: 15
Views: 848

Re: Conversion to Roth, and Pro-Rata rule

If all the IRA money is from deductible contributions your conversions will not be pro-rated. OH, that is awesome. I am so glad I asked! I thought the proportional conversion was on what you planned to convert, vs. what was still left in IRAs - whether deductible or not. Everyone always says as a b...
by Sandi_k
Sat Sep 01, 2018 4:29 pm
Forum: Investing - Help with Personal Investments
Topic: Conversion to Roth, and Pro-Rata rule
Replies: 15
Views: 848

Re: Conversion to Roth, and Pro-Rata rule

Yes. DH is semi-retired, and may want to pull from the accounts before 59.5 - not 55. So the 5 year clock is on my mind. Is there any money in Roth IRA now? If yes, how did it get there? It was all contributed in years when: 1) We had lower combined income. 2) I was contributing so much to my 403(b...
by Sandi_k
Sat Sep 01, 2018 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: Conversion to Roth, and Pro-Rata rule
Replies: 15
Views: 848

Re: Conversion to Roth, and Pro-Rata rule

Why are you considering conversions now while one or both of you is working? Why not wait for retirement when your tax rate is likely to be lower? Given that OP talks about wanting to withdraw before age 55, I'm guessing she is trying to start the five year conversion clock. Yes. DH is semi-retired...
by Sandi_k
Sat Sep 01, 2018 2:25 pm
Forum: Investing - Help with Personal Investments
Topic: Conversion to Roth, and Pro-Rata rule
Replies: 15
Views: 848

Re: Conversion to Roth, and Pro-Rata rule

There is no indication in your post that the "pro-rata rule" will be triggered. Do you have some non-deductible contributions in IRA? No, all IRAs are deductible contributions, other than the Roths we each have. Does the PR rule ONLY apply to non-deductible contributions? I thought it applied to al...
by Sandi_k
Sat Sep 01, 2018 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: House Affordability - Question on standard advice
Replies: 35
Views: 3127

Re: House Affordability - Question on standard advice

Cycle wrote:
Fri Aug 31, 2018 10:54 pm
4x income seems ludicrous to me, we paid less than 1/3rd income for our unit. I could maybe entertain up to 1x income in our area.

We live in a lcol city tho, I'm not sure we could buy a dumpster in CA for 1x income.
You can't.

:D
by Sandi_k
Sat Sep 01, 2018 2:07 pm
Forum: Personal Consumer Issues
Topic: Daily Driver (Car) Over 100K Miles?
Replies: 96
Views: 6851

Re: Daily Driver (Car) Over 100K Miles?

2010 Lexus RX 350 - currently at 228k miles. I bought it new in December 2009. My daily commute is ~ 100 miles RT. All work has been pro-active maintenance - no unexpected repairs or failures. I'm beginning to contemplate the next car. Not sure whether to buy a used Lexus hybrid with fewer than 30k ...
by Sandi_k
Sat Sep 01, 2018 1:52 pm
Forum: Investing - Help with Personal Investments
Topic: Conversion to Roth, and Pro-Rata rule
Replies: 15
Views: 848

Conversion to Roth, and Pro-Rata rule

OK, so DH has two IRAs that we'd like to convert to Roths. Most of our retirement accounts are tax-deferred, and we would like to do the conversion for a couple of reasons: 1) Reduce RMDs when the time comes. 2) Give us some additional funds that we can tap prior to 59.5 (without penalty or complica...
by Sandi_k
Sat Sep 01, 2018 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Assist a Novice with Re-Allocation and Windfall
Replies: 10
Views: 1036

Re: Assist a Novice with Re-Allocation and Windfall

Can I open one this year for 2018 and reinvest again on January 1st for 2019? Yes, and yes. $5500 each, for 2018 now, and 2019 after January 1, 2019. MAKE SURE that the check/memo includes the tax year. We once had Fidelity credit our deposits to the wrong tax year. When I noticed it, they called u...
by Sandi_k
Sat Sep 01, 2018 1:29 pm
Forum: Personal Consumer Issues
Topic: Lexus vs. Mercedes
Replies: 86
Views: 6350

Re: Lexus vs. Mercedes

I'm not saying OP is doing this but many people do. Your car says something about you whether you want it to or not. Subconsciously, this is how most people choose a car that fits their persona and there are surprisingly accurate stereotypes for each make and model. Luxury cars are mostly marketing...
by Sandi_k
Fri Aug 31, 2018 1:48 pm
Forum: Personal Consumer Issues
Topic: Lexus vs. Mercedes
Replies: 86
Views: 6350

Re: Lexus vs. Mercedes

Buy a Lexus with the Sport package. Best of both worlds. :D
by Sandi_k
Tue Aug 28, 2018 11:18 pm
Forum: Investing - Help with Personal Investments
Topic: Simplify Porfolio? Getting Crazy
Replies: 10
Views: 1985

Re: Simplify Porfolio? Getting Crazy

If she has access to a 403(b), does she also have access to a 457 plan?

If you're throttled on your 401(k), she can contribute another $18.5k to a 457 IN ADDITION to her 403(b)...
by Sandi_k
Tue Aug 28, 2018 11:08 pm
Forum: Investing - Theory, News & General
Topic: Pensions and retirement savings rate
Replies: 30
Views: 2535

Re: Pensions and retirement savings rate

The higher savings rate now will REALLY pay off in terms of compounding. My advice would be to strive for 15% of YOUR money, in YOUR investment accounts, and don't count the pension contribution. If you can't quite squeeze that now, pledge to put half of every raise going forward into your monthly s...
by Sandi_k
Tue Aug 28, 2018 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Dealing with death and the family finances
Replies: 21
Views: 2954

Re: Dealing with death and the family finances

I am sorry for your loss. First, don't rush into anything. I wouldn't be in a rush to sell the house. Maybe eventually, but give her and yourselves time to plan what happens next. And it is definitely too soon for her to be giving away money. She is probably in better health now than she will ever ...
by Sandi_k
Sun Aug 26, 2018 12:28 pm
Forum: Personal Consumer Issues
Topic: Car Depreciation Curve, Lifespan, Repairs, & Sweet Spot of Ownership
Replies: 35
Views: 3249

Re: Car Depreciation Curve, Lifespan, Repairs, & Sweet Spot of Ownership

I had been buying new, and keeping for 8-10 years, since 1993. I bought a Lexus RX350 in 2009. expecting to drive 15k miles per year, and hoping to keep it for 12 years/180k miles. I moved in 2011, and now log 26k miles per year. I'm having a hard time with the plummeting value, and pretty sure I do...
by Sandi_k
Sat Aug 25, 2018 12:37 am
Forum: Investing - Help with Personal Investments
Topic: $360k w/major decisions on the way, please help
Replies: 11
Views: 1522

Re: $360k w/major decisions on the way, please help

1) I would never want to be a landlord in California. Focus on figuring out your housing. 2) I would not want to buy a condo in California. The HOA fees and lack of control over my housing fees are dealbreakers for me. Single family home (SFH) only, no HOA. 3) I would take some of your cash, and set...
by Sandi_k
Fri Aug 24, 2018 10:55 pm
Forum: Personal Consumer Issues
Topic: What would you do - Car Question
Replies: 41
Views: 2871

Re: What would you do - Car Question

So you might also consider a used Lexus RX350. I've got a 2010, and it's been rock-solid. 230k miles, and nothing other than routine maintenance. If you want something smaller, my mom, my sister, and my cousin have all purchased Mazda CX-5's and they LOVE them. Peppy, reasonable head and legroom, no...
by Sandi_k
Wed Aug 22, 2018 1:13 am
Forum: Personal Consumer Issues
Topic: Where to stay in St. Augustine?
Replies: 8
Views: 1019

Re: Where to stay in St. Augustine?

We stayed at Bayfront Marin House Historic Inn, Atlantic Suite. (904) 824-4301. 142 Avenida Menendez, in 2016. We ended up with a gorgeous house (floors 2&3) to ourselves, with the ground floor occupied by another set of renters. We had a porch, direct access to the beach, and parking in the downtow...
by Sandi_k
Tue Aug 21, 2018 12:18 am
Forum: Personal Consumer Issues
Topic: Composite Decking Material
Replies: 41
Views: 3285

Re: Composite Decking Material

We used Azek at our previous house, and were very happy with it. Pros: Easy to cut, screw, attach. Stable in direct sunlight. No splinters, no mold. No required maintenance other than occasional spray down. Cons: Expensive Heavy - more expensive shipping Limited color choice We plan to use it again ...
by Sandi_k
Mon Aug 20, 2018 4:30 pm
Forum: Personal Consumer Issues
Topic: As an American, where are some great places in the world to retire?
Replies: 151
Views: 14658

Re: As an American, where are some great places in the world to retire?

YMMV Oakland has the random gun violence issues and urban blight Most cities have violence, and I mentioned crime in my post. As far as urban blight, perhaps you haven't been to Oakland lately and seen the construction and other projects going on. PM me and visit, and I'll show you around. We lived...
by Sandi_k
Sun Aug 19, 2018 11:44 am
Forum: Personal Consumer Issues
Topic: As an American, where are some great places in the world to retire?
Replies: 151
Views: 14658

Re: As an American, where are some great places in the world to retire?

YMMV Oakland has the random gun violence issues and urban blight Most cities have violence, and I mentioned crime in my post. As far as urban blight, perhaps you haven't been to Oakland lately and seen the construction and other projects going on. PM me and visit, and I'll show you around. We lived...
by Sandi_k
Sat Aug 18, 2018 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Online Banking - School Me
Replies: 21
Views: 2208

Re: Online Banking - School Me

So, do any other than CapOne 360 have the "sub account" feature?

I want to leave CapOne because they won't let me set up a beneficiary...
by Sandi_k
Sat Aug 18, 2018 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: funds from inheritance [how is it taxed?]
Replies: 9
Views: 907

Re: funds from inheritance [how is it taxed?]

This is why it's better to inherit real estate and stocks, due to the tax code's "step up basis" rules. Except if it's in a tIRA. The basis is not adjusted - but you don't actually owe taxes when the stock is sold, only when the funds are withdrawn from the tIRA. Good point, thanks for the addition!
by Sandi_k
Sat Aug 18, 2018 12:39 pm
Forum: Investing - Help with Personal Investments
Topic: Elderly Relative Short on Money
Replies: 98
Views: 8745

Re: Elderly Relative Short on Money

A couple of random thoughts... - Is she willing to rent with a flat-mate? Half of a two bedroom apartment or house is typically cheaper than a 1-bedroom dwelling. Maybe she knows someone from church, or among her decorating circle? The big advantage is cost savings, but many older folks also get lon...
by Sandi_k
Sat Aug 18, 2018 11:58 am
Forum: Personal Finance (Not Investing)
Topic: funds from inheritance [how is it taxed?]
Replies: 9
Views: 907

Re: funds from inheritance [how is it taxed?]

If it's an inheritance below the federal estate limits (currently ~ $11.5M per person), there is no federal tax. It's not a gift. There are no capital gains taxes to be paid. This is why it's better to inherit real estate and stocks, due to the tax code's "step up basis" rules. Some STATES have inhe...
by Sandi_k
Sat Aug 18, 2018 11:38 am
Forum: Personal Consumer Issues
Topic: Switch to auto lease after retirement?
Replies: 38
Views: 3098

Re: Switch to auto lease after retirement?

This is an interesting topic, as I'm in the window where I'm beginning to consider my next car, and I am concerned about spending assets that could continue working for our retirement in our tax-deferred accounts. Considering the 4% rule, if I buy a $40k car, I need $1M in assets to pay for that in ...
by Sandi_k
Sat Aug 18, 2018 11:16 am
Forum: Personal Consumer Issues
Topic: Chevy Volt for Commute
Replies: 24
Views: 2299

Re: Chevy Volt for Commute

Have you looked at the Toyota RAV hybrid? Since you liked the Honda, I'd look at all the Toyota options. Prius, RAV, Camry, the Lexus NX300h, the Hyundai Ioniq, the Kia Niro, and the Nissan Rogue hybrid. If you're willing to go hybrid instead of all-EV, you have a lot of choices in the $25k-$35k ran...
by Sandi_k
Wed Aug 15, 2018 11:05 pm
Forum: Personal Consumer Issues
Topic: Chevy Volt for Commute
Replies: 24
Views: 2299

Re: Chevy Volt for Commute

mouses wrote:
Wed Aug 15, 2018 4:11 pm

Yeah. Really. Is there some reason for that ugly or do the designers just lack taste?
Wind tunnels do not make good aesthetic design choices.
by Sandi_k
Tue Aug 14, 2018 10:50 pm
Forum: Personal Finance (Not Investing)
Topic: Civil service: Long Shot Interview.. Would you go?
Replies: 33
Views: 3660

Re: Civil service: Long Shot Interview.. Would you go?

The job market is very hot right now, and candidates are seeking glamorous jobs, not civil service.

As a result, many agencies are opening up to external candidates, where in less tight job markets, preference was given to internal candidates.

Go. You might surprise yourself.
by Sandi_k
Tue Aug 14, 2018 6:53 pm
Forum: Investing - Help with Personal Investments
Topic: Windfall proceeds - what to do?
Replies: 16
Views: 1454

Re: Windfall proceeds - what to do?

OK, given that: - You're in your 30's - Your wife will continue to work for the next few years (until the kid arrives?) - You will have good income through at least 2021 - You want an outsize income in retirement AND want to retire early - Private school and college are taken care of for your kid Us...
by Sandi_k
Tue Aug 14, 2018 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Target Dates
Replies: 4
Views: 837

Re: Retirement Target Dates

Yes, that's correct. Keep in mind a couple of other details: - A Vanguard 2055 fund might have different asset allocation than a Fidelity 2055 fund. Each brokerage decides their own mix. - Even with that claimed mix, there is nothing that REQUIRES them to stick to those ratios. - The fees and expens...
by Sandi_k
Tue Aug 14, 2018 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: How to have “what if” discussion with retired parents?
Replies: 48
Views: 4629

Re: How to have “what if” discussion with retired parents?

My mom is 81. This past year, I did her taxes, which was helpful in understanding what I will be dealing with when she passes. I also asked her to arrange a meeting with her attorney, so we could update her will (to record an outstanding loan to my sister) and so I could be introduced to the attorne...
by Sandi_k
Tue Aug 14, 2018 11:16 am
Forum: Investing - Theory, News & General
Topic: How can I use the Rising Equity Glide Path?
Replies: 61
Views: 3997

Re: How can I use the Rising Equity Glide Path?

I would love to see some portfolio magic that ups SWR to say 5% by messing around with AA and the like over time. I just haven't seen anything that I believe enough in. You rapidly are playing the market timing and back testing curve fitting game over a pretty small set of data. https://earlyretire...
by Sandi_k
Mon Aug 13, 2018 11:41 pm
Forum: Investing - Theory, News & General
Topic: How can I use the Rising Equity Glide Path?
Replies: 61
Views: 3997

Re: How can I use the Rising Equity Glide Path?

I heard a quote once (unsure of source) "Expenses plus $1 equals happiness, expenses minus $1 equals misery". BTW, thanks for all the good info from everyone, this has been helpful. It's Dickens: Mr Micawber's famous, and oft-quoted, recipe for happiness: "Annual income twenty pounds, annual expend...
by Sandi_k
Mon Aug 13, 2018 4:30 pm
Forum: Personal Consumer Issues
Topic: Where to stay in Key West?
Replies: 20
Views: 1223

Re: Where to stay in Key West?

We stayed at the https://www.pierhouse.com/ This is one of the few hotels with a private beach. It's a nice beach but small. Great location at the end of Duval St. Agreed, the Pierhouse has a perfect location near Mallory Square. And it's a small hotel, unlike the nearby Hyatt Centric Key West Reso...
by Sandi_k
Mon Aug 13, 2018 12:45 am
Forum: Investing - Theory, News & General
Topic: How can I use the Rising Equity Glide Path?
Replies: 61
Views: 3997

Re: How can I use the Rising Equity Glide Path?

There are two articles that have influenced my thinking: https://www.onefpa.org/journal/Pages/Reducing%20Retirement%20Risk%20with%20a%20Rising%20Equity%20Glide%20Path.aspx https://earlyretirementnow.com/2017/09/13/the-ultimate-guide-to-safe-withdrawal-rates-part-19-equity-glidepaths/ My Takeaway: st...
by Sandi_k
Sun Aug 12, 2018 12:14 am
Forum: Personal Consumer Issues
Topic: Aqua Shoes for Beach
Replies: 16
Views: 1556

Re: Aqua Shoes for Beach

Water shoes are dependent on what you're doing in the water, and the temps. For example, the bootie linked to by a PP is 3mm neoprene, and it gets HOT. Your feet will feel like they're in a sauna is you use that in the Bahamas. ;) Other ankle-water shoes can be good for beach use, protecting your fe...
by Sandi_k
Sun Aug 05, 2018 12:17 pm
Forum: Personal Consumer Issues
Topic: Pricing a used car to sell
Replies: 27
Views: 1379

Re: Pricing a used car to sell

The car I'm looking to sell is a 2004 Honda Accord EX, 40,000, one owner, in very good shape. I checked Craigslist and the only comparable car in our area has twice as many miles on it, and isn't in good shape. So I don't know what to do with that data. Where do I go from here? Thanks. KBB, without...
by Sandi_k
Sun Aug 05, 2018 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Effect of Current Income on Decision to Retire Early
Replies: 76
Views: 6237

Re: Effect of Current Income on Decision to Retire Early

We will likely sell our house and downsize to a condo to have a home base while we travel in an RV, and possibly while I do some locums work here and there. We have no kids, no pressing family obligations, a strong interest in travel, and have generally been frugal in terms of material possessions....
by Sandi_k
Sun Aug 05, 2018 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Has Anyone Used Grove for CFP Guidance?
Replies: 6
Views: 619

Re: Has Anyone Used Grove for CFP Guidance?

I know nothing about these people, but here is the way I’d look at it. Is it reasonable to expect high quality advice (and that is what you are after here) from someone who is willing to charge only $600 for their time invested to deliver it? How much are they going to make per hour studying your s...
by Sandi_k
Sat Aug 04, 2018 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Has Anyone Used Grove for CFP Guidance?
Replies: 6
Views: 619

Has Anyone Used Grove for CFP Guidance?

So, there's a new CFP/Personal Financial Planning model in town. Grove - as discussed on MadFientist and other FI/PF blogs. http:///www.hellogrove.com The idea is that you pay ~ a $600 flat fee, and they do checkups, create an investment plan, they'll manage your portfolio if you prefer (or won't if...
by Sandi_k
Fri Aug 03, 2018 12:18 pm
Forum: Personal Consumer Issues
Topic: need an outback, new, used or lease?
Replies: 29
Views: 2261

Re: need an outback, new, used or lease?

In your financial modeling, have you accounted for the fact that you'll have another deduction for the new kid? And won't that be more than $400 per month in terms of tax savings? I would adjust my withholding to give me more cash, given this situation, and I'd pay cash for 50% of the car from taxab...
by Sandi_k
Fri Aug 03, 2018 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Car price ratio to NW
Replies: 68
Views: 2948

Re: Car price ratio to NW

I agree with the previous poster who said that it doesn't matter, as long as you're still sending 20%+ of gross income to your retirement accounts. Also agree that anchoring this decision to Net Worth makes no sense. For one thing, most people are married and have a joint net worth; if you're both u...
by Sandi_k
Mon Jul 30, 2018 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Ownership of home with second wife
Replies: 184
Views: 12564

Re: Joint Ownership of home with second wife

OK, so if she's willing to put down 1/3 - how about this? - You own the house entirely. You pay for the house entirely, based on your cash and equity from current home. - You create a trust, in which the house is titled, giving her a life estate in the house, should you pre-decease her. If *she* pre...
by Sandi_k
Mon Jul 30, 2018 12:17 pm
Forum: Investing - Help with Personal Investments
Topic: Setting Up 403b/457 Accounts and Prioritizing Investments
Replies: 8
Views: 643

Re: Setting Up 403b/457 Accounts and Prioritizing Investments

Prioritize the 457 over the 403(b). Under the "separation from service" rule, MOST 457 plans allow you to withdraw your funds and earnings WITHOUT paying the 10% penalty, even if you're under 59.5 years of age. You'll still pay income tax, but not the penalty. Check your plan's rules to make sure th...
by Sandi_k
Fri Jul 27, 2018 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Considering an Online Banking Move - Sub Accounts?
Replies: 3
Views: 408

Considering an Online Banking Move - Sub Accounts?

So, I am not happy with CapOne 360 and their failure to ever launch the POD designations, or a system that allows me to elect a beneficiary. So I'm ready to move to Ally. The one hesitation I have is whether Ally allows sub-accounts as CapOne does. With CapOne, it's one account number, with multiple...