Search found 302 matches

by MindTheGAAP
Tue Jun 20, 2017 11:30 am
Forum: Personal Investments
Topic: Asset Allocation - Help with %s | Traditional vs. Roth 401k
Replies: 45
Views: 4552

Re: Assistance with AA

If that's only your retirement AA you are talking about, that's fine. If that's all of your AA, you are missing expenses for three daughters at a minimum. They'll go to college almost at the same time. Also you need to build a contingencies fund. Just the Retirement AA. We also share the view that ...
by MindTheGAAP
Tue Jun 20, 2017 11:15 am
Forum: Personal Investments
Topic: Asset Allocation - Help with %s | Traditional vs. Roth 401k
Replies: 45
Views: 4552

Asset Allocation - Help with %s | Traditional vs. Roth 401k

Hey all - Wanted to get some hot sports opinions on the best Asset Allocation for my/our situation. See fact pattern below: Emergency funds: Got it. On lower end but building it up Debt: Couple of medical bills at 0% but remaining debt is just the mortgage - $220k o/s at 4.5% Tax Filing Status: MFJ ...
by MindTheGAAP
Wed Jun 14, 2017 1:41 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Persistence Of The Value Premium
Replies: 47
Views: 8041

Re: Larry Swedroe: Persistence Of The Value Premium

Does this mean that it is better to tilt toward value? I have been reading the Boglehead's suggested readings and have seen conflicting opinions on tilting toward value. FWIW, I decided to just tilt towards smaller cap equities using the VB/ NAESX/ VSMAX fund which has some value equities but is su...
by MindTheGAAP
Fri May 26, 2017 3:13 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe on REITs
Replies: 66
Views: 10563

Re: Larry Swedroe on REITs

Some of these REIT articles made me re-examine what was under the hood of some of my MFs - mainly my Small Cap Index fund (I hedge on the value premium aspect and stick with the middle of the road fund) - I noticed they had some 12% of the fund in the Real Estate space (per Morning*). At that realis...
by MindTheGAAP
Mon Apr 24, 2017 12:48 pm
Forum: Personal Investments
Topic: Solo 401k recommendations?
Replies: 50
Views: 5016

Re: Solo 401k recommendations?

I use Vanguard for our Solo 401k and agree that it's easy and intuitive. My biggest annoyance is the lack of digital option to remove the fee-per-fund charge. Assuming you're putting a decent amount of money into it then $20/year isn't a big deal but it is more of a nuisance that I can't get around...
by MindTheGAAP
Mon Apr 24, 2017 12:38 pm
Forum: Personal Investments
Topic: Solo 401k recommendations?
Replies: 50
Views: 5016

Re: Solo 401k recommendations?

I am in the process of applying for a solo 401k at Vanguard. You do have to fill out paperwork but it took less than an hour (for both the employer and employee sides as well as reading through the downloadable material). I plan to use Vanguard just because I have everything else there. They charge...
by MindTheGAAP
Mon Apr 03, 2017 5:43 pm
Forum: Investing - Theory, News & General
Topic: Social Security for Millennials
Replies: 234
Views: 30798

Re: Social Security for Millennials

I forget that SS could even be an option for us when it comes to planning. I'm the sole breadwinner in the house so I plan using that as our baseline... that I need to figure out how to stash enough for us to be comfortable in the absence of SS, not in addition to. If I'm successful and we get some ...
by MindTheGAAP
Tue Mar 28, 2017 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Realtor vs MLS Listing Service
Replies: 13
Views: 1416

Re: Realtor vs MLS Listing Service

We have used a (in Dallas) flat-fee listing service and they provided the sign and the lockbox to put on the door for realtors to use. We definitely walked away quids-in since my wife took better photos than a majority of estate agents and we figured out the price based on comparative sales in the a...
by MindTheGAAP
Thu Mar 23, 2017 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Stay & remodel vs. Move - North Dallas
Replies: 25
Views: 1443

Re: Stay & remodel vs. Move - North Dallas

Texanbybirth wrote:So again, you're in a great position either way. This ain't a bad place to own a house no matter what. (Assuming you can afford it, which y'all obviously can.)

Let us know when you decide to move. :beer
Thanks for that!
by MindTheGAAP
Thu Mar 23, 2017 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Stay & remodel vs. Move - North Dallas
Replies: 25
Views: 1443

Re: Stay & remodel vs. Move - North Dallas

I don't think North Dallas real estate is going south anytime soon. People want to come here in droves. I know I know, I could be wrong; but I don't think I am. I think if anything you'll see price appreciation slow as interest rates rise, but no red. Oh I know. Toyota and co have made sure of that...
by MindTheGAAP
Thu Mar 23, 2017 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Stay & remodel vs. Move - North Dallas
Replies: 25
Views: 1443

Re: Stay & remodel vs. Move - North Dallas

Houses that feed into this school district are typically 50% higher than the same house that goes to.... How much difference is there in the property taxes? It could be that the property tax savings alone would pay for the remodel if you stay where you are now. I have three (3) young daughters (4.5...
by MindTheGAAP
Thu Mar 23, 2017 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Stay & remodel vs. Move - North Dallas
Replies: 25
Views: 1443

Re: Stay & remodel vs. Move - North Dallas

You can maintain as much of the (roughly) 6 acres as you want. Get a bovine or two, and put in a wire fence. They'll keep your grass trim for you. Add an acreage or two of trees if you find the right lot, and you've gotten out 80% of maintenance. Cows are fun to own, too. Add chickens and goats, an...
by MindTheGAAP
Thu Mar 23, 2017 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Stay & remodel vs. Move - North Dallas
Replies: 25
Views: 1443

Re: Stay & remodel vs. Move - North Dallas

You can maintain as much of the (roughly) 6 acres as you want. Get a bovine or two, and put in a wire fence. They'll keep your grass trim for you. Add an acreage or two of trees if you find the right lot, and you've gotten out 80% of maintenance. Cows are fun to own, too. Add chickens and goats, an...
by MindTheGAAP
Thu Mar 23, 2017 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Stay & remodel vs. Move - North Dallas
Replies: 25
Views: 1443

Re: Stay & remodel vs. Move - North Dallas

Long time ago, I had family in Lucas when it was...very different from what it is now. You're going to find all kinds of houses with <6 acres in Lovejoy ISD. From what I've heard, it's a fantastic school district, and you'd be selling at a time when hoards of people are still trying to get into All...
by MindTheGAAP
Thu Mar 23, 2017 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Stay & remodel vs. Move - North Dallas
Replies: 25
Views: 1443

Re: Stay & remodel vs. Move - North Dallas

As a DFW resident, I'd move if I were in your shoes. I'd either want to be in Dallas proper or on a few acres outside of town. To me, Allen is the middle ground. Bonus: Your kids will love growing up with a few "pets." I'm beginning to lean that way, honestly. Especially since Collin County is expl...
by MindTheGAAP
Thu Mar 23, 2017 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Stay & remodel vs. Move - North Dallas
Replies: 25
Views: 1443

Re: Stay & remodel vs. Move - North Dallas

I certainly like the "no HOA" choice and would probably be sold on that alone. Bigger schools do not equate to better. Kids can get lost (not literally as in needing a GPS) in big schools and administration and support staff doesn't know when a kid is in a death spiral until it's too late. Our town...
by MindTheGAAP
Thu Mar 23, 2017 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Stay & remodel vs. Move - North Dallas
Replies: 25
Views: 1443

Re: Stay & remodel vs. Move - North Dallas

You're in a very good position, and I would advise you not to rush. Your girls are still young, though I can understand you getting anxious with your oldest about to start school. Being someone who also wants to own a few acres for my kids, I suggest you move. However, I would feel very differently...
by MindTheGAAP
Thu Mar 23, 2017 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Stay & remodel vs. Move - North Dallas
Replies: 25
Views: 1443

Re: Stay & remodel vs. Move - North Dallas

Thanks for the response. You're right, it isn't like we live in a rough neighbourhood - it is a typical middle-to-middle-upper suburban Dallas subdivision with all of the +ves and -ves that come with that. Cookie cutter homes, alley system that causes neighbours to not really know one another, etc. ...
by MindTheGAAP
Thu Mar 23, 2017 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Stay & remodel vs. Move - North Dallas
Replies: 25
Views: 1443

Stay & remodel vs. Move - North Dallas

All - My wife and I have three (3) young daughters (4.5, 3, 6mos) and currently live in Allen ISD. We have been eyeing Lovejoy ISD which is about 2 miles east of us for a few reasons and I wanted to see if I could get the BH perspective on the matter. Both are good school districts with some distinc...
by MindTheGAAP
Wed Mar 08, 2017 6:32 pm
Forum: Personal Consumer Issues
Topic: Google wifi is awesome
Replies: 67
Views: 16765

Re: Google wifi is awesome

*Update* I found the Google Wifi router system on Amazon. Different from OnHub. Just to clarify, you are talking about Google OnHub? Not Google Wi-Fi where Google tried to provide a free municipal network for internet access. You have an internet connection with some provider and use the Google OnH...
by MindTheGAAP
Mon Feb 27, 2017 11:03 am
Forum: Personal Investments
Topic: Thoughts on allocation in my slice and dice portfolio?
Replies: 4
Views: 765

Re: Thoughts on allocation in my slice and dice portfolio?

Why would you have both VTI and VOO? VTI is a more encompassing version of VOO w/ mid-cap and small-caps built in. I'm fully on-board with wanting to overweight small caps with a 33-yr horizon but you'd be effectively be doubling up on the S&P 500 for the 10% allocation. If it were me, I'd be puttin...
by MindTheGAAP
Mon Feb 20, 2017 4:10 pm
Forum: Personal Investments
Topic: 20% bonds: why bother at 48?
Replies: 131
Views: 10219

Re: 20% bonds: why bother at 48?

See Figure 2 in this article by Rick Ferri. I think this (or something similar) is what was being referenced. Thanks cherijoh, that's exactly the chart I think that Boomer was referring to. If not, it definitely is the chart I was referring to. :happy :D You are very welcome! BTW, I think anyone co...
by MindTheGAAP
Mon Feb 20, 2017 1:04 pm
Forum: Personal Investments
Topic: 20% bonds: why bother at 48?
Replies: 131
Views: 10219

Re: 20% bonds: why bother at 48?

Looks like I have some adjustment to do from 88/12, then! Remember that Klangfool is a bit of a 'prepper' in the financial world. He views that you should be ready at a moment's notice to begin making early withdrawals from your accounts in order to meet your immediate financial needs. It's fine if...
by MindTheGAAP
Mon Feb 20, 2017 12:55 pm
Forum: Personal Investments
Topic: 20% bonds: why bother at 48?
Replies: 131
Views: 10219

Re: 20% bonds: why bother at 48?

https://personal.vanguard.com/us/insights/investingtruths/investing-truth-about-risk Folks, Look at the average return of each AA. 100/0 10.2% 90/10 9.9% 80/20 9.6% 70/30 9.2% Let's compare 100/0 versus 80/20. The average return is between 10.2% versus 9.6% = + 0.6%. The maximum loss for 100/0 is 5...
by MindTheGAAP
Mon Feb 20, 2017 12:15 pm
Forum: Personal Investments
Topic: 20% bonds: why bother at 48?
Replies: 131
Views: 10219

Re: 20% bonds: why bother at 48?

https://personal.vanguard.com/us/insights/investingtruths/investing-truth-about-risk Folks, Look at the average return of each AA. 100/0 10.2% 90/10 9.9% 80/20 9.6% 70/30 9.2% Let's compare 100/0 versus 80/20. The average return is between 10.2% versus 9.6% = + 0.6%. The maximum loss for 100/0 is 5...
by MindTheGAAP
Wed Feb 15, 2017 2:22 pm
Forum: Personal Investments
Topic: Why Dollar Cost averaging is lousy
Replies: 23
Views: 3862

Re: Why Dollar Cost averaging is lousy

Let's all be clear, this is saying if you have a significant lump sump from an inheritance or bonus of some sort, you're better dropping it all in at once vs. DCA. It is not saying that you should lean against DCA if you are making regular ongoing contributions. Basic takeaway for me: get your money...
by MindTheGAAP
Wed Feb 15, 2017 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Retire in my 30s?!
Replies: 34
Views: 6942

Re: Retire in my 30s?!

Big Worm wrote:What is the business?
Also curious.
by MindTheGAAP
Sat Feb 11, 2017 7:59 am
Forum: Personal Investments
Topic: Saving for college for 2 kids: 3 and 0
Replies: 80
Views: 5167

Re: Saving for college for 2 kids: 3 and 0

Alto Astral wrote: Klang likely feels I am the fool who is too young & optimistic and not preparing enough
In that case I'm young and cynical since I'm not quite 29!
by MindTheGAAP
Sat Feb 11, 2017 12:26 am
Forum: Personal Investments
Topic: Saving for college for 2 kids: 3 and 0
Replies: 80
Views: 5167

Re: Saving for college for 2 kids: 3 and 0

Why does it need to be private university? I went to one but it was somewhat part of the deal with my folks for paying for it. I don't think I necessarily got a better degree out of it - I think it was just a different experience. Hey, who does not want their newborn to go to Harvard? Alto Astral, ...
by MindTheGAAP
Fri Feb 10, 2017 6:14 pm
Forum: Personal Investments
Topic: Saving for college for 2 kids: 3 and 0
Replies: 80
Views: 5167

Re: Saving for college for 2 kids: 3 and 0

But I am not confident I can do that for a private college Why does it need to be private university? I went to one but it was somewhat part of the deal with my folks for paying for it. I don't think I necessarily got a better degree out of it - I think it was just a different experience. Hey, who ...
by MindTheGAAP
Fri Feb 10, 2017 5:45 pm
Forum: Personal Investments
Topic: Saving for college for 2 kids: 3 and 0
Replies: 80
Views: 5167

Re: Saving for college for 2 kids: 3 and 0

But I am not confident I can do that for a private college Why does it need to be private university? I went to one but it was somewhat part of the deal with my folks for paying for it. I don't think I necessarily got a better degree out of it - I think it was just a different experience. Hey, who ...
by MindTheGAAP
Fri Feb 10, 2017 5:16 pm
Forum: Personal Investments
Topic: Saving for college for 2 kids: 3 and 0
Replies: 80
Views: 5167

Re: Saving for college for 2 kids: 3 and 0

Alto Astral wrote: But I am not confident I can do that for a private college
Why does it need to be private university? I went to one but it was somewhat part of the deal with my folks for paying for it. I don't think I necessarily got a better degree out of it - I think it was just a different experience.
by MindTheGAAP
Fri Feb 10, 2017 4:40 pm
Forum: US Chapters
Topic: Your USER NAME...what does it mean?
Replies: 518
Views: 71330

Re: Your USER NAME...what does it mean?

Am in consulting - primarily accounting and finance and I am a CPA. Also from England. Play on that for 'Mind The GAAP'.
by MindTheGAAP
Fri Feb 10, 2017 4:38 pm
Forum: Personal Investments
Topic: Saving for college for 2 kids: 3 and 0
Replies: 80
Views: 5167

Re: Saving for college for 2 kids: 3 and 0

You are not going to spend the money on your kid's college education and be a burden to your children. That is not helping anyone. Often understated by many. Doesn't do your kids any good by putting them through University and then needing them to fund your final years... I know if given the choice...
by MindTheGAAP
Fri Feb 10, 2017 4:13 pm
Forum: Personal Investments
Topic: Saving for college for 2 kids: 3 and 0
Replies: 80
Views: 5167

Re: Saving for college for 2 kids: 3 and 0

We went with a brokerage account over 529 for a couple of reasons: firstly, we don't get a tax-break on contributions since we live in TX & we don't know what the future of higher education will look like OR if kiddos will get any kind of scholarships if such things exist at the time. For us, we li...
by MindTheGAAP
Fri Feb 10, 2017 3:34 pm
Forum: Personal Investments
Topic: Saving for college for 2 kids: 3 and 0
Replies: 80
Views: 5167

Re: Saving for college for 2 kids: 3 and 0

The thought of my kids getting a large chunk of my money at Age 18 or 21 with no strings attached scares me too much. Why not let the compounding happen in a 529 and tie the money to education? You can always take it out if you decide you need it for other purposes. 1. If you have had the appropria...
by MindTheGAAP
Fri Feb 10, 2017 2:44 pm
Forum: Personal Investments
Topic: Saving for college for 2 kids: 3 and 0
Replies: 80
Views: 5167

Re: Saving for college for 2 kids: 3 and 0

Your plan is fine for this stage of your lives. There is no doubt that it will evolve as time goes on. Good luck! +1. I have 4.5y/o, 3y/o, and 4m/o daughters and we recently started thinking more about the whole University savings mission. We decided that since we are in TX, we would use a Vanguard...
by MindTheGAAP
Tue Feb 07, 2017 4:43 pm
Forum: Personal Consumer Issues
Topic: Hotel Recommendations - Las Vegas
Replies: 20
Views: 2930

Re: Hotel Recommendations - Las Vegas

Top of the list (with pool desires) has to be the Signature at MGM Grand. They are 3 towers behind the MGM Grand casino that were originally built to be condos, and are now a mix of timeshares / hotel rooms. The towers are fully non-smoking, and the balcony suites are very reasonably priced; they i...
by MindTheGAAP
Tue Jan 31, 2017 2:24 pm
Forum: Personal Consumer Issues
Topic: Carribean island most like Hawaii
Replies: 63
Views: 12113

Re: Carribean island most like Hawaii

Drew777 wrote:Not an island, but I think Costa Rica would meet your criteria.
+1
by MindTheGAAP
Tue Jan 31, 2017 2:19 pm
Forum: Personal Consumer Issues
Topic: Leather sectional
Replies: 9
Views: 1639

Re: Leather sectional

We bought a large (non-sectional) leather sofa from http://cascobayfurniture.com/ several years ago. Hand made in NC, completely customizable from size (in any width and depth) to leather choice to cushion filling, etc. Was a fraction of the cost of similar sofas sold in the big-name stores. (I thi...
by MindTheGAAP
Thu Jan 26, 2017 10:27 am
Forum: Personal Investments
Topic: Is it to time to switch from Target Date fund to 3 fund portfolio?
Replies: 13
Views: 2547

Re: Is it to time to switch from Target Date fund to 3 fund portfolio?

BogleMelon wrote:
MindTheGAAP wrote:
add Small Value and REIT) so that made it slightly more limiting still.
If you have Total US index fund, then small value and REIT companies should be already in your portfolio, no?
Is it in my portfolio, yes. I chose to be overweight in those areas.
by MindTheGAAP
Thu Jan 26, 2017 10:20 am
Forum: Personal Investments
Topic: Is it to time to switch from Target Date fund to 3 fund portfolio?
Replies: 13
Views: 2547

Re: Is it to time to switch from Target Date fund to 3 fund portfolio?

I would wait until 50-100k Why? Can you please explain further? Not the original poster of those parameters but as someone who has about $80k in assets, I think that $50k is probably a good marker to begin splitting out from the Target Funds. Why? Because you have enough funds to easily meet the mi...
by MindTheGAAP
Wed Jan 18, 2017 4:19 pm
Forum: Personal Investments
Topic: 28yr old newbie playing catch up
Replies: 29
Views: 3485

Re: 28yr old newbie playing catch up

Fellow nomad!! Thanks for the reassurance. Yes, I don't plan on being at this current employer forever so I will definitely roll my 401k into something at Vanguard. In a fantasy world I'd love to move to London and work there for a bit, but I'm too scared to make the move. Just wanted to say that i...
by MindTheGAAP
Tue Jan 17, 2017 11:39 am
Forum: Personal Investments
Topic: Switching Careers and Maximizing Tax Advantage Accounts
Replies: 2
Views: 548

Re: Switching Careers and Maximizing Tax Advantage Accounts

Since it is your family's business, could you not be self-employed and setup your own Solo 401K? Would allow you to put in $18k/yr + 25% of net profit or W2 wages (if you do LLC taxed as S Corp) and therefore have more space. I opted for LLC taxed as S Corp and will hire my wife to be the co-Manager...
by MindTheGAAP
Fri Jan 13, 2017 11:09 am
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 173
Views: 22681

Re: "Millennials may need to double how much they save for retirement"

This is my favorite part: "Among plan changes BlackRock suggests: higher default rates for employee contributions, requiring employees to contribute more to get the full match, auto enrolling older workers in “catch-up” programs that allow them to save more tax deferred, and making loans and early ...
by MindTheGAAP
Tue Jan 10, 2017 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Quarterly taxes with W2 and K1 income
Replies: 12
Views: 1169

Re: Quarterly taxes with W2 and K1 income

I have not been able to find an answer to this question. I have both W2 and K1 income. The majority is K1 income. Is it possible to not withhold anything from my W2 and pay quarterly taxes on both W2 and K1 income or am I required to withhold from my W2 and pay quarterly on my K1 income? Yes - as l...
by MindTheGAAP
Tue Jan 10, 2017 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Quarterly taxes with W2 and K1 income
Replies: 12
Views: 1169

Re: Quarterly taxes with W2 and K1 income

I have not been able to find an answer to this question. I have both W2 and K1 income. The majority is K1 income. Is it possible to not withhold anything from my W2 and pay quarterly taxes on both W2 and K1 income or am I required to withhold from my W2 and pay quarterly on my K1 income? Yes - as l...
by MindTheGAAP
Tue Jan 10, 2017 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Quarterly taxes with W2 and K1 income
Replies: 12
Views: 1169

Re: Quarterly taxes with W2 and K1 income

I have not been able to find an answer to this question. I have both W2 and K1 income. The majority is K1 income. Is it possible to not withhold anything from my W2 and pay quarterly taxes on both W2 and K1 income or am I required to withhold from my W2 and pay quarterly on my K1 income? Yes - as l...
by MindTheGAAP
Tue Jan 10, 2017 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Quarterly taxes with W2 and K1 income
Replies: 12
Views: 1169

Re: Quarterly taxes with W2 and K1 income

I have not been able to find an answer to this question. I have both W2 and K1 income. The majority is K1 income. Is it possible to not withhold anything from my W2 and pay quarterly taxes on both W2 and K1 income or am I required to withhold from my W2 and pay quarterly on my K1 income? Yes - as l...