Search found 246 matches

by zeal
Wed Apr 03, 2019 5:53 am
Forum: Personal Investments
Topic: Advice for 28
Replies: 22
Views: 5442

Re: Advice for 28

More info on Roth as an emergency fund: https://www.bogleheads.org/wiki/Roth_IRA_as_an_emergency_fund My opinions: 1) You're doing great. 3-fund portfolio will be slightly cheaper, but require rebalancing. For us the target date fund is worth the increase in price--just buys simplicity. 2) We have a...
by zeal
Mon Apr 01, 2019 11:55 am
Forum: Personal Investments
Topic: Considering Roth IRA - Looking for Thoughts
Replies: 20
Views: 1351

Re: Considering Roth IRA - Looking for Thoughts

While reading your questions, the following Bogleheads wiki links popped in my head: https://www.bogleheads.org/wiki/Asset_allocation_in_multiple_accounts https://www.bogleheads.org/wiki/Roth_IRA_as_an_emergency_fund If you haven't seen those before, check them out--some great information that'll he...
by zeal
Mon Apr 01, 2019 8:17 am
Forum: Personal Consumer Issues
Topic: Best enhancement for folks who work from home
Replies: 44
Views: 5420

Re: Best enhancement for folks who work from home

Favorite things in my office: 1) Large windows for natural lighting. 2) Enough desk space for monitor+laptop docking station and several sheets of paper. 3) Swiss ball so I'm always focused on good posture. 4) Bird clock that reminds me to get up and move around often. Volume set low enough not to d...
by zeal
Sun Mar 31, 2019 5:09 pm
Forum: Investing - Theory, News & General
Topic: Rich Dad / Poor Dad Investing Theory
Replies: 74
Views: 6320

Re: Rich Dad / Poor Dad Investing Theory

I didn't get the same things everyone else did from his book... Reading it was a positive experience for me. Granted, I read it 7 years ago and it was the second financial book I had ever read (Dave Ramsey's TMM was the first). What I got from it: 1) Buy assets before you buy liabilities. If you buy...
by zeal
Sun Mar 31, 2019 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Finish backyard before selling?
Replies: 25
Views: 2239

Re: Finish backyard before selling?

Agree with other posters. Stick with cosmetic fixes, just some basic landscaping--leave the $30k job to your buyer and price the home appropriately. Fresh mulch and some pretty flowers is simple and appealing. Besides, they might not want a retaining wall in their backyard. Your money is better spen...
by zeal
Sun Mar 31, 2019 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Q to ppl who use spreadsheet for personal finance
Replies: 64
Views: 6541

Re: Q to ppl who use spreadsheet for personal finance

Any excel experts? Any feedback will be appreciated before I start coding. Not an expert but I do use Excel daily for work. I have an add-on program called ASAP Utilities that adds TONS of extra functions... if you've never heard of it, I definitely recommend checking it out before you build out so...
by zeal
Sun Mar 31, 2019 7:37 am
Forum: Personal Finance (Not Investing)
Topic: Q to ppl who use spreadsheet for personal finance
Replies: 64
Views: 6541

Re: Q to ppl who use spreadsheet for personal finance

I should also mention that I do use Personal Capital--just the free part of it. I have all my accounts on there, so I pull up my spreadsheet, log in to PC, wait for it to refresh all accounts, then copy the values right into my spreadsheet. Takes 5 minutes because I don't have to go to each individu...
by zeal
Sun Mar 31, 2019 7:22 am
Forum: Personal Finance (Not Investing)
Topic: Q to ppl who use spreadsheet for personal finance
Replies: 64
Views: 6541

Re: Q to ppl who use spreadsheet for personal finance

Seems like you need to be diligent and update every end-of-month to keep logs. Suppose you forgot to update on 3/31/2018. How easy is it to re-calculate the net worth for last year's? In my case if I forgot a month, I typically have the month before and the month after, so I can make a pretty educa...
by zeal
Sun Mar 31, 2019 6:19 am
Forum: Personal Finance (Not Investing)
Topic: Q to ppl who use spreadsheet for personal finance
Replies: 64
Views: 6541

Re: Q to ppl who use spreadsheet for personal finance

TLDR: Excel is a lot of fun and can be as simple or as complex as you want. I have been using Excel for close to 10 years, so my spreadsheets are quite complex. I initially started them in college when I had next-to-nothing income and tons of student loans (net worth was initially -$40k), so the bu...
by zeal
Fri Mar 29, 2019 7:09 am
Forum: Personal Finance (Not Investing)
Topic: 4 years as a Boglehead
Replies: 4
Views: 982

Re: 4 years as a Boglehead

Thanks for posting this! Well done and I'm sure that being "behind at [your] age" won't last much longer... You are already ahead of the game knowledge-wise. You effectively multiplied your net worth by 8 in 4 years since your first post... Wow! If we can do that, my wife & I will have the option of...
by zeal
Fri Mar 29, 2019 5:37 am
Forum: Personal Investments
Topic: Age 62 Selling my home .. investing my money
Replies: 39
Views: 3442

Re: Age 62 Selling my home .. investing my money

Health is fine,,, I don't imagine (nor want to) live into my 90's. My main question is this If I have $800,000 after the sale of my house what is the estimated maximum draw I could take per year and expect it to last for my retirement. I low balled how much I would need in my first post. Its doable...
by zeal
Thu Mar 28, 2019 6:41 am
Forum: Investing - Theory, News & General
Topic: How much $$ would it take for you walk away from investing?
Replies: 45
Views: 4745

Re: How much $$ would it take for you walk away from investing?

Don't think I would ever walk away either. If I've amassed a fortune in investments by age 40, I've done a great job--why stop now? If it ain't broke, don't fix it.
by zeal
Wed Mar 27, 2019 8:35 am
Forum: Personal Investments
Topic: Paying off the mortgage and balancing risk with liquidity
Replies: 6
Views: 695

Re: Paying off the mortgage and balancing risk with liquidity

Of course this makes total sense. However, my dillemma is that it doesn't protect the capital. So my core worry is if I should invest it, what do I invest in to preserve capital that I need to pay off debt? I'm already 58/42 in my AA (I'm 54) so I don't want to over-rotate to Bonds either. Thoughts...
by zeal
Tue Mar 26, 2019 9:16 pm
Forum: Personal Investments
Topic: Paying off the mortgage and balancing risk with liquidity
Replies: 6
Views: 695

Re: Paying off the mortgage and balancing risk with liquidity

Not sure I understand... Why not just either A) use that money to pay off the mortgage ASAP or B) put it in your stock/bond portfolio? That's a large amount of money to leave in CDs or similar financial products that don't keep up with inflation. If I were in your situation I might keep a chunk of i...
by zeal
Tue Feb 19, 2019 7:05 am
Forum: Personal Finance (Not Investing)
Topic: Budgeting Software
Replies: 13
Views: 1203

Re: Budgeting Software

Best budgeting app I ever used was HelloWallet--they had tons of different ways to view/analyze your spending history. Unfortunately it is now only available if you are a KeyBank member. I've used EveryDollar and Mint and both have their advantages and disadvantages. Over the last couple months I've...
by zeal
Mon Feb 11, 2019 10:31 pm
Forum: Personal Consumer Issues
Topic: Thoreau Simplify
Replies: 64
Views: 7432

Re: Thoreau Simplify

How I simplify: Focus on the present... what I am doing, while I'm doing it. Or when I'm with others, focus on what we are doing, while we are doing it. Get up at the same time daily--sleeping in is a waste of time. Within the first hour of waking, I stretch/loosen up, work out, eat a good breakfast...
by zeal
Fri Feb 08, 2019 4:22 pm
Forum: Personal Investments
Topic: Critique this Real Estate investment idea
Replies: 31
Views: 2299

Re: Critique this Real Estate investment idea

+1 "Sounds like a headache, don't do it." I've never heard of anyone recommending buying rental property in a country you don't live in. Maybe if you are wealthy & it's a tiny blip on your net worth, but it doesn't seem like that's the case here. You're taking on much higher risk for slightly higher...
by zeal
Fri Feb 08, 2019 12:21 pm
Forum: Personal Consumer Issues
Topic: Money saving move you regret the most?
Replies: 120
Views: 11909

Re: Money saving move you regret the most?

You bring your own food when you go out to a restaurant? Am I reading that right? Do you also bring your own beer when you go out to a sports bar?lol Yes. I no longer drink beer. The WHO estimates that 5.3% of global deaths are caused by alcohol consumption. I hope to reduce my healthcare costs in ...
by zeal
Fri Feb 08, 2019 7:17 am
Forum: Personal Consumer Issues
Topic: Mazda Miata as Daily Commute Fun Car?
Replies: 94
Views: 6339

Re: Mazda Miata as Daily Commute Fun Car?

+1 Corolla. Recommend researching Maxima. I've had my Corolla for 12 years, always enjoyed the great mileage. I've never once felt unsafe in it. My mom put over 400k miles on her Corolla years ago as her commuter (her commute totaled 2 hrs daily, mostly interstate) & it was still running fine--only ...
by zeal
Fri Feb 08, 2019 6:28 am
Forum: Personal Consumer Issues
Topic: Letting Dog out everyday for lunch... the roundtrip drive is killing me.. ideas?
Replies: 162
Views: 13990

Re: Letting Dog out everyday for lunch... the roundtrip drive is killing me.. ideas?

At my last job I was gone for 12 hours a day Mon through Thurs. Dog had an accident the first day but never again for 5 years. Just leave him--he'll learn & be fine.
by zeal
Thu Feb 07, 2019 10:03 pm
Forum: Personal Consumer Issues
Topic: Money saving move you regret the most?
Replies: 120
Views: 11909

Re: Money saving move you regret the most?

Can't think of a money-saving move I regret... I like saving money. In all cases where I made a money-saving choice, I not only saved money but also learned a lesson on where not to cut costs. E.g., I bought a huge bulk pack of that paper-thin industrial-grade toilet paper once. Before we'd even use...
by zeal
Sun Jan 27, 2019 7:02 am
Forum: Personal Consumer Issues
Topic: Maximum Travel Distance for Elementary, Middle and High School
Replies: 24
Views: 1665

Re: Maximum Travel Distance for Elementary, Middle and High School

My 2 sisters & I lived a 20 min drive to school all through elementary, middle, & high. My father was self-employed, so he could drop us off/pick us up whenever he needed to (there was no bus that came to our rural neighborhood). No real problems with it--there are always after-school programs for p...
by zeal
Sat Jan 19, 2019 8:07 am
Forum: Personal Finance (Not Investing)
Topic: HSA [How do I organize expenses for future reimbursement?]
Replies: 35
Views: 2759

Re: HSA [How do I organize expenses for future reimbursement?]

The discussion is about paying for current medical expenses from non-HSA funds and letting the HSA grow (invested), then years later, claiming the medical expenses against HSA. If you’re paying for current medical from your HSA, this does not apply to you. Ah, gotcha. Never even thought of doing th...
by zeal
Sat Jan 19, 2019 7:36 am
Forum: Personal Finance (Not Investing)
Topic: HSA [How do I organize expenses for future reimbursement?]
Replies: 35
Views: 2759

Re: HSA [How do I organize expenses for future reimbursement?]

I'm lost... I've had an HSA for about 3 years, used it for doctor, dentist, eyedoctor, and chiropractor. I haven't gone out of my way to keep tons of paperwork. Why do you have to keep track of receipts? In case you are audited or something? Or for itemizing deductions? I've just always assumed I ca...
by zeal
Sat Jan 12, 2019 7:41 am
Forum: Personal Consumer Issues
Topic: Engagement Ring (Affordable)
Replies: 136
Views: 9239

Re: Engagement Ring (Affordable)

+1 local jeweler I bought my wife's diamond/white gold engagement ring 5 years ago for $1500 and she still talks about how much she loves it. Her sister & I picked it out of a catalog they had at the local jeweler. The wedding band (purchased about 9 months later) was cut to fit around the engagemen...
by zeal
Fri Jan 11, 2019 6:18 am
Forum: Personal Finance (Not Investing)
Topic: Saving for Home Down-payment
Replies: 10
Views: 934

Re: Saving for Home Down-payment

We used a money market account at a local credit union (averaged about 1.75% interest). You won't get incredible interest, but the money is liquid when you need it--no hoops to jump through, easy to set up, and no CD penalties for early withdrawal. Now that we've bought our house this account is use...
by zeal
Thu Jan 10, 2019 10:39 pm
Forum: Personal Consumer Issues
Topic: Disciplined with finances, but not so with diet
Replies: 242
Views: 15329

Re: Disciplined with finances, but not so with diet

Everyone should probably talk to their doctor before making drastic changes. That said, weight management doesn't have to be complicated. Chances are you will become healthier & wealthier just by having these 2 priorities: -Avoid restaurants, fast foods, & added sugar. -Use a fitness tracker. That's...
by zeal
Thu Jan 10, 2019 9:21 pm
Forum: Personal Consumer Issues
Topic: Disciplined with finances, but not so with diet
Replies: 242
Views: 15329

Re: Disciplined with finances, but not so with diet

Invest in low cost index foods with an apple allocation appropriate for your age. Write down your IPS and stick with it through the ups and downs of the supermarket.

It doesn't have to be complicated--boring will make you rich.
by zeal
Tue Jan 08, 2019 9:38 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 4696
Views: 1290088

Re: What Book Are You Currently Reading? Part VI

By recommendation of If You Can , I'm reading Thomas Stanley and William Danko's The Millionaire Next Door . About 30 pages in, can't put it down. If you haven't read If You Can, then do so--it's only a few pages. After starting this book, I plan to follow all of the If You Can book recommendations...
by zeal
Tue Jan 08, 2019 8:45 pm
Forum: Personal Investments
Topic: ESPP - Should I or shouldn't I?
Replies: 40
Views: 2557

Re: ESPP - Should I or shouldn't I?

The return is worth it to me to tie up $1500/quarter, so I'm going to increase to max contributions next time my plan allows. I'll contact Fidelity about transferring to another account to lower the commission/fees and update on here when I get an answer. Thanks again!
by zeal
Mon Jan 07, 2019 9:32 pm
Forum: Personal Investments
Topic: ESPP - Should I or shouldn't I?
Replies: 40
Views: 2557

Re: ESPP - Should I or shouldn't I?

The $20 commission (if fixed) will hurt a little but I believe the program is still beneficial. If you were following my math above: So you are only out-of-pocket $1500 (max) at any one time. Your $1500 (if you assume the price that you buy is exactly 95% of the Average cost - and the Average cost ...
by zeal
Mon Jan 07, 2019 5:27 pm
Forum: Personal Investments
Topic: ESPP - Should I or shouldn't I?
Replies: 40
Views: 2557

Re: ESPP - Should I or shouldn't I?

OP here. Thank you all very much for the responses and discussion--definitely learning a lot. I saw a few ask for more info: -Salary is currently ~$40k, so max I can invest (15%) is equal to $6000 per year, $1500 per quarter, $250 per semi-monthly pay period. -Put in a limit order to sell all shares...
by zeal
Mon Jan 07, 2019 12:39 pm
Forum: Personal Investments
Topic: Fiancée Thinks I'm Putting Too Much Towards Retirement/ Not Enough Towards Short-Term Goals
Replies: 136
Views: 11483

Re: Fiance Thinks I'm Putting Too Much Towards Retirement/ Not Enough Towards Short-Term Goals

Congratulations on your engagement! A lot of posts saying the same 3 things and I'm in agreement--here's my $0.02: 1) That's a lot of money to spend on a wedding. My wife and I got married in summer 2015 and only spent about $11k. We had a beautiful, wonderful wedding and were able to invite all of ...
by zeal
Mon Jan 07, 2019 11:20 am
Forum: Personal Investments
Topic: ESPP - Should I or shouldn't I?
Replies: 40
Views: 2557

Re: ESPP - Should I or shouldn't I?

Thanks all--much appreciated. I'll stop contributing and direct future funds toward my Roth. What should I do with the current balance? Sell all shares today and send proceeds to my checking account (to go towards Roth IRA once I open it)? Edit: forgot to add this--I do currently contribute 21% of p...
by zeal
Mon Jan 07, 2019 10:43 am
Forum: Personal Investments
Topic: ESPP - Should I or shouldn't I?
Replies: 40
Views: 2557

ESPP - Should I or shouldn't I?

From my employee handbook (minus some company-specific lingo and a bit more concise): -Contributions from 1% to 15% of your eligible base pay. -Contributions earn interest at a 2% annual rate (compounded semi-monthly) which will be applied to the funds available for purchasing stock. -Your calendar ...
by zeal
Fri Dec 21, 2018 5:53 pm
Forum: Investing - Theory, News & General
Topic: Another age-based investing strategy to consider
Replies: 12
Views: 1010

Re: Another age-based investing strategy to consider

Just doing what my grandpa did for 30 years: all raises go straight to savings. We already started out saving as much as we can. Then we generally receive a 3% annual raise, so every year we just increase retirement contributions by 3% and continue living off the same budget from the previous year. ...
by zeal
Tue Dec 18, 2018 11:30 am
Forum: Personal Investments
Topic: Getting started, looking for advice
Replies: 17
Views: 1454

Re: Getting started, looking for advice

That makes sense. I'll spend some time on the wiki learning more about taxes--I didn't know they can come in steps like that. Until I have a better understanding, I'll stick with your suggestion of 50/50.

Thanks again for all your help!
by zeal
Sun Dec 16, 2018 10:30 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 1477
Views: 174362

Re: What frugal thing did you do today?

Fasted today. Frugal with the wallet & with the food!

Also, used the leftover bits & pieces of several wrapping papers to finish off the last gift & finish off 3 rolls. So maybe it's not beautiful but does anyone really care about that?
by zeal
Sat Dec 15, 2018 9:50 am
Forum: Personal Investments
Topic: Getting started, looking for advice
Replies: 17
Views: 1454

Re: Getting started, looking for advice

No, you should not change your asset allocation "since the market is currently down". In fact, there are very few things you should do based on whether the market is up or down. ... Maybe I just needed to hear this one more time :D ... if I were in your shoes, that would push me more toward Roth. B...
by zeal
Fri Dec 14, 2018 10:43 am
Forum: Personal Investments
Topic: Getting started, looking for advice
Replies: 17
Views: 1454

Re: Getting started, looking for advice

I wake up the next morning with more questions... I've searched around a bit but only find more questions. Any info/links would be appreciated! 1. AA: As I said before, I'm shifting all accounts into target date funds for simplicity. I'm not positive but I think our current allocation is probably on...
by zeal
Thu Dec 13, 2018 7:34 pm
Forum: Personal Investments
Topic: Getting started, looking for advice
Replies: 17
Views: 1454

Re: Getting started, looking for advice

Thanks so much all! I feel much more confident about our plan now--appreciate the wisdom and glad to be a part of the community. I'll be sure to pay it forward and pitch in where I can.

Happy holidays!
by zeal
Thu Dec 13, 2018 6:26 pm
Forum: Personal Investments
Topic: Getting started, looking for advice
Replies: 17
Views: 1454

Re: Getting started, looking for advice

Eagle33 wrote: Thu Dec 13, 2018 4:12 pm It is a weighted average of the expense ratios.
For example if fund A was 50% and fund B 30% and fund C 20% of the account value, then 50%x0.02% + 30%x0.01% + 20%x0.06% = 0.025%
Ah right--that makes sense! Thanks, Eagle.
by zeal
Thu Dec 13, 2018 10:49 am
Forum: Personal Investments
Topic: Getting started, looking for advice
Replies: 17
Views: 1454

Re: Getting started, looking for advice

I think your new choices are fine. You should also just exchange the money already in the accounts to your new choices. Leaving what you already have just makes things complex with no benefit. An even simpler option would be to use the target funds in all of the accounts. Your target funds are very...
by zeal
Thu Dec 13, 2018 10:18 am
Forum: Personal Investments
Topic: Getting started, looking for advice
Replies: 17
Views: 1454

Re: Getting started, looking for advice

I'll defer to some of the other members on priority--I think you're correct the way you have listed (there's debate over whether it's better to contribute to a 401k with bad investment options or a taxable account where you can pick anything). The benefit of the Roth IRA is you can make your full c...
by zeal
Wed Dec 12, 2018 9:00 pm
Forum: Personal Investments
Topic: Getting started, looking for advice
Replies: 17
Views: 1454

Re: Getting started, looking for advice

My best piece of advice would be to open Roth IRAs for each of you. If you're both still fairly young and not yet at your full earning potential, it makes sense. You're already accomplishing that with contributions to the Roth 401k, but the Roth IRA has additional benefits and is just another poten...
by zeal
Wed Dec 12, 2018 9:27 am
Forum: Personal Investments
Topic: Getting started, looking for advice
Replies: 17
Views: 1454

Getting started, looking for advice

Emergency funds: yes Debt: mortgage at 5.125%, no other loans Tax Filing Status: Married Filing Jointly Tax Rate: 12% Federal, 5.75% State State of Residence: Virginia Age: 29 Desired Asset allocation: 75% stocks / 25% bonds Desired International allocation: 30% of stocks Current total portfolio: lo...