Search found 1158 matches

by bigred77
Sat Oct 08, 2016 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: Opening tax-advantaged account after retirement...possible?
Replies: 7
Views: 654

Re: Opening tax-advantaged account after retirement...possible?

The only thing I can think of is I-Bonds but those have yearly limits per SS# so it might not be that helpful.

Getting her portfolio out of 90% equities would be my primary focus.
by bigred77
Sat Oct 08, 2016 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: Physician in need of help
Replies: 26
Views: 2941

Re: Physician in need of help

I just wanted to add that for now, target date index funds are perfectly fine for your situation. However, with your income, I suspect you will end up with a significant portion of your assets in taxable brokerage accounts. It would be well worth your time to continue learning about investing basics...
by bigred77
Sat Oct 08, 2016 1:41 pm
Forum: Personal Consumer Issues
Topic: Struggling with "Live like a Resident" versus "Keeping up with the Joneses"
Replies: 109
Views: 13680

Re: Struggling with "Live like a Resident" versus "Keeping up with the Joneses"

Its not a bad thing to spend some money on clothes. If your just starting out in your career you probably will need to drop some money to build a professional wardrobe. 4-5 nice suits (plus tailoring), 8 dress shirts, a couple of dress shoes, belts, slacks, ties, etc... It can easily creep over 5k+ ...
by bigred77
Fri Oct 07, 2016 1:32 pm
Forum: Personal Consumer Issues
Topic: Johnnie Walker Blue worth the cost?
Replies: 70
Views: 5609

Re: Johnnie Walker Blue worth the cost?

itstoomuch wrote:Will he know the difference in mixed drink ?


If I saw someone mix JW blue and coke I might have a panic attack with how high my anxiety would spike. :mrgreen:
by bigred77
Fri Oct 07, 2016 12:27 pm
Forum: Investing - Help with Personal Investments
Topic: one single ETF for long term
Replies: 11
Views: 1289

Re: one single ETF for long term

OP, Just wanted to point out that I treat my Roth space as sacrosanct. That space is limited and about as valuable as you can get. I understand wanting a "play" account but use a taxable account where at least when you lose you can offload some of the losses on the government at tax time. ...
by bigred77
Fri Oct 07, 2016 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting / Should I LOWER Contributions To 401(k)
Replies: 5
Views: 883

Re: Budgeting / Should I LOWER Contributions To 401(k)

Lowering your 401k contributions would be the LAST thing I would do in your shoes. Your wife's income is considerably more than annual expenses as it stands now and even if she were to lose her job as well you have a hair less than 6 full years of expenses in your taxable account. Don't pay an addit...
by bigred77
Fri Oct 07, 2016 11:24 am
Forum: Personal Consumer Issues
Topic: Luxury Cars - Am I missing out on creature comforts by not driving one?
Replies: 92
Views: 7452

Re: Luxury Cars - Am I missing out on creature comforts by not driving one?

I went from a Toyota Tundra to a BMW 3 series because my truck couldn't fit in the garage of the new house we bought. It's hard to compare a big truck to a smaller sedan but I REALLY love driving my car, even though it's now 8 year old and is about to hit 100k miles. I miss the interior space and si...
by bigred77
Fri Oct 07, 2016 8:11 am
Forum: Investing - Help with Personal Investments
Topic: Real estate deal fell through, repurchase VG fund or pay down mortgage?
Replies: 7
Views: 526

Re: Real estate deal fell through, repurchase VG fund or pay down mortgage?

I'm am 99% sure wash sales do not apply if there are any gains. Once you sell at a gain, you lock in your tax liability, if there is one, pending any additional sales that trigger an offsetting loss. Also, if you just received this via inheritance less than 12 months ago, check your tax basis. This ...
by bigred77
Thu Oct 06, 2016 5:38 pm
Forum: Personal Consumer Issues
Topic: Johnnie Walker Blue worth the cost?
Replies: 70
Views: 5609

Re: Johnnie Walker Blue worth the cost?

Nobody ever lost a friend over Macallan 18 That's what occurred to me when I read the title "Johnnie Walker Blue worth the cost?" Answer: no it's not, in a world where you can get a bottle of Macallan 18 for roughly the same price. (Although in my opinion, Macallan 12 is 99% as good for a...
by bigred77
Thu Oct 06, 2016 2:42 pm
Forum: Personal Consumer Issues
Topic: Hurricane Matthew: Evacuation advice
Replies: 40
Views: 4313

Re: Hurricane Matthew: Evacuation advise

My advice would be to fly to wherever you are going on that 7 am Saturday flight. That is, re-schedule that Saturday flight to as soon as possible like today. Welcome back. Livesoft is just going to post like nothing happened and pretend like we didn't have multiple threads speculating on his where...
by bigred77
Thu Oct 06, 2016 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Concurrently buy/sell house
Replies: 21
Views: 2018

Re: Concurrently buy/sell house

With the stats you gave I think it will be difficult to find a lender would approve you on a new purchase mortgage unless the previous home was sold. Whats the PITI on the current house plus the PITI on a potential new house? Is any of your stated gross income categorized as a bonus or come via equi...
by bigred77
Wed Oct 05, 2016 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: The 3 D's: Debt, Dave, Depression (mild)
Replies: 45
Views: 4347

Re: The 3 D's: Debt, Dave, Depression (mild)

You want a suggestion to lower your cost of borrowing and make your family members head explode at the same time? Put the whole 10k on a credit card! (You can use a 0% for 18-21 months offer if the school lets you pay tuition with a credit card (mine did) and then pay it off from cash flow. If you n...
by bigred77
Wed Oct 05, 2016 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: Checkup - Here We Go...
Replies: 6
Views: 664

Re: Checkup - Here We Go...

I would personally switch both the 401k and 403b to traditional if you're in the 25% tax bracket. Up your contributions in the 403b so your take home pay stays the same but you funnel all the additional tax savings into the tax advantaged account. Especially if you are considering an early retiremen...
by bigred77
Wed Oct 05, 2016 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage and Taxes
Replies: 10
Views: 1173

Re: Marriage and Taxes

I would probably leave it alone and see how your taxes turn out next year.

Changing from "Single" to "Married" on your W4 will likely have your employer withhold less money. When I got married I changed my status to "Married, withhold at Single"
by bigred77
Wed Oct 05, 2016 12:10 pm
Forum: Personal Consumer Issues
Topic: Advice on hiring an architect
Replies: 31
Views: 2047

Re: Advice on hiring an architect

This is basically a high dollar flip, only you already bought the property for whatever it would actually sell for today. I think it may help you to think about the situation in those terms. If you think a perfectly renovated house would sell for $1.5M and you just want to break even after spending ...
by bigred77
Wed Oct 05, 2016 9:37 am
Forum: Investing - Help with Personal Investments
Topic: Forced to 'skew' final 15% of domestic - thoughts on Large cap vs small cap?
Replies: 5
Views: 273

Re: Forced to 'skew' final 15% of domestic - thoughts on Large cap vs small cap?

FXSIX is an S&P 500 index fund at about 3 basis points.

It's just fine. Use it as a TSM substitute. Set it and forget it.
by bigred77
Wed Oct 05, 2016 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Deciding not to refi... Have I missed something?
Replies: 20
Views: 1743

Re: Deciding not to refi... Have I missed something?

I think it absolutely makes sense for you to try and refi. You didn't post the math your looking at in detail but there is almost no way you can't find a better deal by looking around. Assuming your comfortable with your current payments and cashflow, I would be shopping around for a 10 year fixed m...
by bigred77
Fri Sep 30, 2016 11:02 am
Forum: Personal Consumer Issues
Topic: Does it matter what type of college one goes to?
Replies: 250
Views: 15474

Re: Does it matter what type of college one goes to?

"+1. Does not mean it is fair, right, logical, etc. But it is. Years (many years...) later, I cannot begin to tell you how many doors that name opens...people don't care which major / program I graduated from, or even if I excelled or barely graduated. The brand name is all that matters to som...
by bigred77
Fri Sep 30, 2016 10:42 am
Forum: Investing - Help with Personal Investments
Topic: Are REITS appropriate in a "buy and hold" portfolio?
Replies: 18
Views: 2325

Re: Are REITS appropriate in a "buy and hold" portfolio?

5% of my overall portfolio is in VNQ (US REITs) 5% of my overall portfolio is in VNQI (International REITs) I rebalance my overall portfolio once a year. I don't try to buy the dips or anything like that. I plan to hold a separate REIT allocation indefinitely because I believe they are relatively di...
by bigred77
Fri Sep 30, 2016 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Reverse mortgage your portfolio
Replies: 4
Views: 615

Re: Reverse mortgage your portfolio

Very wealthy individuals like Warren Buffet can basically borrow at the prime rate if they put there portfolio up as collateral. I remember reading an article somewhere discussing Zuckerburg considering doing this. Basically you never sell your stock, but borrow against your holdings at super low ra...
by bigred77
Thu Sep 29, 2016 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Should I take mortgage loan of under 3% and invest the money?
Replies: 39
Views: 4444

Re: Should I take mortgage loan of under 3% and invest the money?

Based on your responses to my questions above I would just pay the loan off and close it. Your so close to retirement. I assume your pension covers the vast majority of your living expenses. You don't plan to buy any more rentals but are considering consolidating your real estate equity into a highe...
by bigred77
Thu Sep 29, 2016 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: No Appraisal Refinance
Replies: 23
Views: 1991

Re: No Appraisal Refinance

I know Penfed will have a 3rd party run a free to you electronic appraisal and if your LTV is is low enough they will not require you to get a paid for, in person appraisal.
by bigred77
Thu Sep 29, 2016 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Should I take mortgage loan of under 3% and invest the money?
Replies: 39
Views: 4444

Re: Should I take mortgage loan of under 3% and invest the money?

How old are you? When do you plan to retire? How often does the interest rate reset? How long is loan term? Is it interest only with a balloon payment sometime in the future? Are you interested in buying any more rentals now or in the future? You have the income to service the debt, cashflow should ...
by bigred77
Thu Sep 29, 2016 11:32 am
Forum: Investing - Help with Personal Investments
Topic: Furious about adult education class [Investment seminar]
Replies: 42
Views: 3879

Re: Furious about adult education class

Do I think the Boglehead investing philosophy is superior to hiring a financial adviser (especially Edward Jones)? Absolutely. Do I think they (your average adviser) are doing anything illegal? No. Would someone be better off investing with an Edward Jones adviser vs leaving their money in a Bank Sa...
by bigred77
Thu Sep 29, 2016 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Sorry, but tell [me] what to do with my mortgage
Replies: 62
Views: 5103

Re: Sorry, but tell [me] what to do with my mortgage

Or instead of appeasing your wife by paying it down early, you can educate her about the power of compounding and inflation. Find some articles and put a spreadsheet together that shows various outcomes and how much more money you'll have at the end if you invest it instead. Aim for numbers and log...
by bigred77
Wed Sep 28, 2016 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Cancelling Credit Card After Switch?
Replies: 10
Views: 1024

Re: Cancelling Credit Card After Switch?

I vote keep it and use it only when you go to the grocery store and maybe even when you buy gas (6% and 3% respectively).

Its hard to beat 6% cashback on your weekly grocery trip. use the Chase Sapphire for everything else.
by bigred77
Tue Sep 27, 2016 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Young (22) -- Expenses down. Increasing Income tips?
Replies: 10
Views: 1342

Re: Young (22) -- Expenses down. Increasing Income tips?

If your only 3 months into your career the best thing you can do is RELAX. Sure, max out your tax advantaged accounts like your doing and work to pay down any debt you may have. But the biggest thing you can do is learn as much as possible at work, never say no to new projects or opportunities, try ...
by bigred77
Tue Sep 27, 2016 8:36 am
Forum: Investing - Help with Personal Investments
Topic: Use a house as a "down payment" on a house?
Replies: 6
Views: 871

Re: Use a house as a "down payment" on a house?

Not unless you are working with a private banker and customizing a special loan product.

You could always borrow against the first house to obtain the down payment on the second, assuming your income is high enough to support both loans.
by bigred77
Mon Sep 26, 2016 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Cancer Insurance
Replies: 23
Views: 1710

Re: Cancer Insurance

I was not aware of the HMO differences. Thanks for the information above.
by bigred77
Mon Sep 26, 2016 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Cancer Insurance
Replies: 23
Views: 1710

Re: Cancer Insurance

Let me preface this with I'm pretty green when it comes to medical insurance options. It was my understanding that typically, most health insurance plans have an out of pocket maximum for both in network facilities and out of network facilities. This amount is capped to be the most you would have to...
by bigred77
Fri Sep 23, 2016 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Currency risk for 5.5 percent? Missing something?
Replies: 30
Views: 2428

Re: Currency risk for 5.5 percent? Missing something?

Not that i suggest you actually do this trade but you can look at the currency futures market and see what ZAR/USD forward rates are for the month you plan to exchange the currency back to USD. You can effectively "lock in" your nominal USD return by taking the existing exchange rate, acco...
by bigred77
Fri Sep 23, 2016 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Help With Mom
Replies: 13
Views: 1802

Re: Help With Mom

In cases like this I would invest the money very conservatively and just take $500 a month until it ran out. Let her be comfortable for as long as she can if she's in ill health. If she outlives it, you can consider reverse mortgages, outright home sales, etc. at that time. If she runs out of assets...
by bigred77
Fri Sep 23, 2016 1:25 pm
Forum: Investing - Theory, News & General
Topic: Extreme Maximization of College Financial Aid
Replies: 88
Views: 5347

Re: Extreme Maximization of College Financial Aid

OP, I would personally just fund all tax advantaged accounts, fund 529s, keep my higher paying job, invest the extra in taxable accounts, and just generally go about my business. If you make 300k now, your salary could be 600k in 20 years, making $1M in college tuition perfectly affordable over 6 ye...
by bigred77
Fri Sep 23, 2016 12:00 pm
Forum: Investing - Theory, News & General
Topic: Harvard Endowment Losses Tied to Value Stocks
Replies: 57
Views: 5510

Re: Harvard Endowment Losses Tied to Value Stocks

Many Harvard graduates go on to work as asset managers, portfolio managers, hedge fund managers, PE analysts, etc. Those Harvard alumni hire the next crop of Harvard graduates when they get into hiring positions. Some of those Harvard graduates get rich doing that work. Like really, really rich. Som...
by bigred77
Thu Sep 22, 2016 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: Early 30s Looking to Retire in 15 Years
Replies: 29
Views: 4360

Re: Early 30s Looking to Retire in 15 Years

OPSRP and Tier 3 are the same thing. I would ask and see if you are eligible to contribute to the 457. This might be helpful http://www.oregon.gov/pers/OSGP/docs/enrollment_guide.pdf Yes you would get 45% FAS after 30 years but you'd have to reach the minimum age I described in my previous post sin...
by bigred77
Thu Sep 22, 2016 11:50 am
Forum: Investing - Help with Personal Investments
Topic: Early 30s Looking to Retire in 15 Years
Replies: 29
Views: 4360

Re: Early 30s Looking to Retire in 15 Years

Why are you voluntarily throwing away several thousand dollars in taxes? You could max the 403(b) and have an extra $4k-5k in savings to throw in taxable. If you're concerned with the ability to withdraw that money before 59.5, there are strategies to do so. Those strategies work better than trying...
by bigred77
Thu Sep 22, 2016 8:09 am
Forum: Investing - Help with Personal Investments
Topic: Early 30s Looking to Retire in 15 Years
Replies: 29
Views: 4360

Re: Early 30s Looking to Retire in 15 Years

I don't know about retiring at 45 but I have some suggestions to help your overall picture be more efficient: 1.) Get the REITs out of taxable and into a tax deffered vehicle. Especially in the 28% bracket. 2.)Before investing so much in a taxable account, max out your tax advantaged accounts first....
by bigred77
Wed Sep 21, 2016 6:18 pm
Forum: Personal Consumer Issues
Topic: Which Vehicle Should We Buy?
Replies: 20
Views: 1727

Re: Which Vehicle Should We Buy?

Any reason why you want or need such a large SUV? Have you thought about the RX 350? I think it would be a great option and if your LS sedan has met your needs I can't imagine it would be too small. I'm a fan of the new body style but you could probably get a great deal on the previous version if yo...
by bigred77
Wed Sep 21, 2016 5:01 pm
Forum: Personal Consumer Issues
Topic: Chicago Food/Restaurant Recommendations
Replies: 60
Views: 3877

Re: Chicago Food/Restaurant Recommendations

I just visited a couple of months ago for about a week. I preferred Gino's East to Giordanos (a lot). Did not get a chance to try Lou Malnatis. There's only so much Pizza you can eat in a week. My big regret is not going to Alinea when I had the chance to grab a reservation. I have heard nothing but...
by bigred77
Wed Sep 21, 2016 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Is there a point when a used car is too used to be worth buying?
Replies: 43
Views: 3594

Re: Is there a point when a used car is too used to be worth buying?

Something to consider in the same luxury range as the Escalade (although certainly no where near the same size) are 3 year old CPO BMW SUVs. These are typically 3 years old, 30kish miles, come with a warranty, and are typically 40% off or so of what they went for brand new just 3 years ago. In my ne...
by bigred77
Wed Sep 21, 2016 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Do I go for 0% down, no PMI, on a mortgage in SF?
Replies: 22
Views: 1110

Re: Do I go for 0% down, no PMI, on a mortgage in SF?

My answer would be that a 500k studio apartment that rents for $2500 per month is almost certainly cash flow negative as a rental. It would have negative cashflow even if you had 100k to put 20% down. You are banking almost entirely on property appreciation, which is not a certainty. This would not ...
by bigred77
Wed Sep 21, 2016 11:47 am
Forum: Personal Consumer Issues
Topic: Benartzi in WSJ: "How to get more out of retirement spending"
Replies: 8
Views: 1510

Re: Benartzi in WSJ: "How to get more out of retirement spending"

Very interesting article. I especially like the idea of a "bonus month" in retirement. That would have a positive effect on me psychologically I think. Seems like retired bogleheads in general don't necessarily take monthly or bi-monthly withdrawals (like a paycheck replacement) but if one...
by bigred77
Tue Sep 20, 2016 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone accidentally tell a friend about your inheritance?
Replies: 83
Views: 9813

Re: Anyone accidentally tell a friend about your inheritance?

I doubt your friend is that jealous of you. $150k at 23 isnt an extreme amount of money. I probably had a little north of that at that age...and I didnt even inherit anything. This. You're missing 1 or 2 zeros before it's "awkward" money. $150k is 2-3 years salary for a 21 year old colleg...
by bigred77
Tue Sep 20, 2016 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: HDHP vs PPO (baby in 2017) [High Deductible vs. Preferred Provider plans]
Replies: 14
Views: 1091

Re: HDHP vs PPO (baby in 2017)

I imagine having a baby lends itself to hitting the OOP max in that given year (hopefully others will weigh in), therefore I would pick the HDHP because that max is lower.
by bigred77
Tue Sep 20, 2016 6:13 pm
Forum: Investing - Help with Personal Investments
Topic: Strategies to reduce illogical worries?
Replies: 36
Views: 2807

Re: Strategies to reduce illogical worries?

Also, just some more food for thought. Crowdfunding is when a lot of people with little chunks of money pool it together to fund some sort of business venture. The publicly traded stock market, works when a lot of people pool their money together to fund some sort of .... you get the idea. Crowdfund...
by bigred77
Tue Sep 20, 2016 6:09 pm
Forum: Investing - Help with Personal Investments
Topic: Strategies to reduce illogical worries?
Replies: 36
Views: 2807

Re: Strategies to reduce illogical worries?

To me, it's not worth worrying about unless I had a viable alternative to consider. Since I don't believe I do, I will continue investing the vast majority of my money in publicly traded securities. Plus, IMO, if your worried about "bad" companies moving to the public sphere and the "...
by bigred77
Tue Sep 20, 2016 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Are Roth contributions the right thing to do?
Replies: 8
Views: 1260

Re: Are Roth contributions the right thing to do?

Not enough information. What is your age, income, tax bracket, plans for early retirement (or lack thereof), pensions, and/or expectations for future income levels? That said, I would personally do the contribution. I'd rather have 5k in a Roth and 15k in a traditional IRA vs 15k in Roth. I have a l...
by bigred77
Tue Sep 20, 2016 5:53 pm
Forum: Investing - Help with Personal Investments
Topic: Post-Professional School - Doing it right from the Start.
Replies: 8
Views: 1140

Re: Post-Professional School - Doing it right from the Start.

Sounds like you have a great plan. I don't think you'll gain much from a pay as you earn election. You likely make way to much. Make sure your dead set on your AA and will stick to it (I would personally have more international as a percentage of equities but your plan is just fine as it is if you l...
by bigred77
Tue Sep 20, 2016 5:01 pm
Forum: Investing - Theory, News & General
Topic: Do Bogleheads Bucket?
Replies: 89
Views: 8265

Re: Do Bogleheads Bucket?

I don't necessarily have "buckets", but I do a whole heck of a lot of mental accounting.

I think it helps me stay on track better.
by bigred77
Tue Sep 20, 2016 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Prepay Mortgage: Does the length of time you live in the home matter?
Replies: 29
Views: 2847

Re: Prepay Mortgage: Does the length of time you live in the home matter?

I vote for the 50/50 split after all tax advantaged accounts are maxed, taxes are paid, and expenses are accounted for. Half of the remainder goes to prepay the mortgage, half goes to a taxable brokerage account following the terms of your desired AA. If we hit a major bull market maybe pay the mort...

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