Search found 3069 matches

by sailaway
Thu May 06, 2021 10:03 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 15083
Views: 1163235

Re: U.S. stocks continue to soar!

Somehow I thought this was Friday and I wouldn't care about the market again until Monday, but my husband won't take me to our beach party, there is no paycheck in the checking account and my credit card hasn't actually closed so that I can pay set up the next payment... So one more day. Are futures...
by sailaway
Thu May 06, 2021 9:45 pm
Forum: Personal Investments
Topic: 33 | Single | Rent | When to take the foot off the pedal?
Replies: 9
Views: 891

Re: 33 | Single | Rent | When to take the foot off the pedal?

You make no mention of your goals. It doesn't sound like you plan to retire any time soon, so why would you take the foot off the pedal? We are more comfortable with 70/30, but that isn't so big a difference from what you have. We also include all of our cash in our portfolio and add all new monies ...
by sailaway
Thu May 06, 2021 8:38 pm
Forum: Investing - Theory, News & General
Topic: Why simplicity ?
Replies: 66
Views: 4188

Re: Why simplicity ?

I mean, for me, it isn't just finances. I strive for simplicity in a lot of areas in my life. Perhaps even most.
by sailaway
Thu May 06, 2021 3:44 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 15083
Views: 1163235

Re: U.S. stocks continue to soar!

anoop wrote: Thu May 06, 2021 3:42 pm
stocknoob4111 wrote: Thu May 06, 2021 3:09 pm what exactly happened? I checked this morning and the market wasn't soaring, then suddenly soaring when I checked now. Did Powell do a dance?
you snooze, you lose!
I was actually quite happy with what I woke up to after my nap!
by sailaway
Thu May 06, 2021 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Advice needed on teenager's job hunt
Replies: 28
Views: 1601

Re: Advice needed on teenager's job hunt

Doesn't she have any support professionals who could help with this?
by sailaway
Thu May 06, 2021 1:32 pm
Forum: Personal Consumer Issues
Topic: Anyone hate where they live primarily because of the weather?
Replies: 112
Views: 5459

Re: Anyone hate where they live primarily because of the weather?

It's May 5 and I'm still in a sweatshirt and sleeping in flannel sheets, and have been since last Oct. Well, I’m near Boston and the weather is wonderful. I’m wearing a flannel shirt, but I’m sitting by the pool (I won’t swim, but my wife will, quickly). The birds are coming back (we have eggs in t...
by sailaway
Thu May 06, 2021 1:16 pm
Forum: Personal Consumer Issues
Topic: Anyone hate where they live primarily because of the weather?
Replies: 112
Views: 5459

Re: Anyone hate where they live primarily because of the weather?

No humidity does me no favors. When those Santa Ana winds blow in from the mountains, I am pretty miserable. My body likes moderate humidity.
by sailaway
Thu May 06, 2021 1:14 pm
Forum: Personal Consumer Issues
Topic: Is there any free site that provides IQ test and results
Replies: 32
Views: 1790

Re: Is there any free site that provides IQ test and results

Just to have a general idea of what it is, probably. But if you want to do anything with that information, you are probably going to need a formal certificate, which will likely require a more formal, in person evaluation.
by sailaway
Thu May 06, 2021 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Former poor kid who has followed guides, but still lost...
Replies: 34
Views: 3647

Re: Former poor kid who has followed guides, but still lost...

1. Being a forever renter does not necessarily mean you are doing anything wrong financially. In many HCOL in the US, it is currently the best option. Run some rent/buy calculators if in doubt. With a partner working on a PhD in English, I imagine they are expecting to stay in academia, and mobility...
by sailaway
Thu May 06, 2021 11:37 am
Forum: Personal Consumer Issues
Topic: Anyone hate where they live primarily because of the weather?
Replies: 112
Views: 5459

Re: Anyone hate where they live primarily because of the weather?

I lived in WNY once, I live in SoCal now. The only thing I miss is a full moon shining on fresh fallen snow. Knowing my luck it would be cloudy and the snow would be gray slush, so I don't try. Is it worse right now because you haven't taken a vacation in awhile? (And because it was a long, miserabl...
by sailaway
Thu May 06, 2021 11:29 am
Forum: Personal Investments
Topic: When you state your asset allocation are you including everything or just invested assets?
Replies: 43
Views: 2330

Re: When you state your asset allocation are you including everything or just invested assets?

I include everything held at an institution, right down to the ESPP balance (which I count as equities, even though it could become cash if I left Megacorp tomorrow). We do the math and rebalance twice a year, after RSUs have vested, settled and been reinvested, so we do not count pending RSUs. The ...
by sailaway
Thu May 06, 2021 9:49 am
Forum: Investing - Theory, News & General
Topic: The Power of Working Longer
Replies: 509
Views: 37276

Re: The Power of Working Longer

While I really do appreciate the suggestion, and section hikes would be possible, there are a lot of reasons why I'm not personally interested in them for the AT or PCT. One is that it's a bit like breaking up a marathon into a dozen sections; yes, you've gone the total distance, but it's certainly...
by sailaway
Wed May 05, 2021 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Logistics of breaking a lease
Replies: 25
Views: 1528

Re: Logistics of breaking a lease

If it's a large apartment complex, then no problem, they will find another person quickly. Maybe not his exact unit since it may need some rehab, but they will enter into other leases and shouldn't be able to hold it against him. If it's a single-family home, that's a different situation, especiall...
by sailaway
Wed May 05, 2021 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Need a retirement focused mother's day present for wife!
Replies: 39
Views: 2113

Re: Need a retirement focused mother's day present for wife!

oldfatguy wrote: Wed May 05, 2021 1:40 pm I'm confused by the concept of a mothers day present for a wife. :confused
Presumably the mother of the husband's children.
by sailaway
Wed May 05, 2021 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Need a retirement focused mother's day present for wife!
Replies: 39
Views: 2113

Re: Need a retirement focused mother's day present for wife!

How about a boat? I have no idea what the internet might be able to tell you that you don't know about your own wife? Are you looking for something like "What Color is Your Parachute" but for hobbies? Is she interested in volunteer work? Instead of a physical gift, consider an experience. ...
by sailaway
Wed May 05, 2021 10:24 am
Forum: Personal Investments
Topic: LSI vs. DCA, but with a twist [Lump sum vs. Dollar Cost Averaging]
Replies: 20
Views: 768

Re: LSI vs. DCA, but with a twist

DucatiScotty wrote: Wed May 05, 2021 10:17 am
sailaway wrote: Wed May 05, 2021 10:13 am I am not seeing the twist, but then I consider all cash held in institutions as part of the bond side of my AA.
If you’re at that level, you don’t have the psychological barrier to overcome ;)
Can you explain how adding more transactions makes the whole process "more fluid"?
by sailaway
Wed May 05, 2021 10:20 am
Forum: Personal Investments
Topic: Roth IRA for 13 yo kid
Replies: 17
Views: 1551

Re: Roth IRA for 13 yo kid

If your kid is pet sitting and otherwise earning income as you describe, they should be filing taxes when required, whether they put the earnings into Roth or not.

If they don't have such earned income, then 529s and taxable accounts are going to be more appropriate.
by sailaway
Wed May 05, 2021 10:13 am
Forum: Personal Investments
Topic: LSI vs. DCA, but with a twist [Lump sum vs. Dollar Cost Averaging]
Replies: 20
Views: 768

Re: LSI vs. DCA, but with a twist

I am not seeing the twist, but then I consider all cash held in institutions as part of the bond side of my AA.
by sailaway
Wed May 05, 2021 9:47 am
Forum: Personal Investments
Topic: Portfolio advice for my wealthy millennial west coast niece
Replies: 12
Views: 2009

Re: Portfolio advice for my wealthy millennial west coast niece

Your niece needs to look into asset allocation and write up an IPS. Then she will have a plan that suits her goals and needs.
by sailaway
Tue May 04, 2021 5:00 pm
Forum: Personal Investments
Topic: Saved for downpayment but realized that I don't have any desire to be a house owner.
Replies: 66
Views: 4855

Re: Saved for downpayment but realized that I don't have any desire to be a house owner.

I'm going to buck the trend of the replies this far and strongly recommend that you buy, if not a free-standing house, then a townhouse. I've never rented in my life and wouldn't have it any other way. (I don't mean to sound harsh, but you're 10 years past the "have a roommate" stage of l...
by sailaway
Tue May 04, 2021 3:53 pm
Forum: Personal Investments
Topic: Saved for downpayment but realized that I don't have any desire to be a house owner.
Replies: 66
Views: 4855

Re: Saved for downpayment but realized that I don't have any desire to be a house owner.

- maintenance time and expense - property taxes - mortgage interest, if applicable - far less liquidity in the asset compared with financial assets such as stocks, mutual funds, etc. You first 3 items are off. As a renter you pay for all of these - just indirectly. In fact, as a property owner thes...
by sailaway
Tue May 04, 2021 2:15 pm
Forum: Investing - Theory, News & General
Topic: Roth 401k rollover at retirement
Replies: 10
Views: 891

Re: Roth 401k rollover at retirement

Does the web interface allow you to allocate by source?

As mentioned, it doesn't really matter, because you can buy and sell in both accounts without any tax consequences.
by sailaway
Tue May 04, 2021 1:55 pm
Forum: Investing - Theory, News & General
Topic: Your Cash Strategy: Is There A Difference Between Cash in a Brokerage Account vs Cash in a Checking Account?
Replies: 18
Views: 1904

Re: Your Cash Strategy: Is There A Difference Between Cash in a Brokerage Account vs Cash in a Checking Account?

The cash in my brokerage account is waiting for more cash to join it to be invested. It is just under $12 right now.

I believe in time in market, not timing the market. Cash in brokerage is just a result of transactions not always being perfectly planned. Cash I plan to spend is in checking or HYSA.
by sailaway
Tue May 04, 2021 11:31 am
Forum: Personal Investments
Topic: Saved for downpayment but realized that I don't have any desire to be a house owner.
Replies: 66
Views: 4855

Re: Saved for downpayment but realized that I don't have any desire to be a house owner.

I am in my late 40s and a renter. I did own a condo briefly, but overall, no regrets. I have also lived on a boat, which is like a condo with very high HOA fees. I have never wanted a SFH, as I hate doing yardwork. People like to talk about how much real estate has gone up, but it rarely goes up as ...
by sailaway
Mon May 03, 2021 9:17 pm
Forum: Personal Investments
Topic: Avoiding capital gains tax on reinvestments
Replies: 12
Views: 884

Re: Avoiding capital gains tax on reinvestments

There are dividends, capital gains distributions and the unrealized capital gains that are the result of prices going up. The first two happen when the company/fund manager decides. The last one is under your control, but can only be used by selling stocks. It sounds like you are talking about this ...
by sailaway
Mon May 03, 2021 5:37 pm
Forum: Personal Investments
Topic: Advice for investing an additional 80,000/yr
Replies: 5
Views: 772

Re: Advice for investing an additional 80,000/yr

Look through the order of investments. Where do you stand with IRAs? Is the backdoor available to you? Do you have an HSA option? Does either 401k allow for Mega backdoor Roth? Are 529s of concern/interest? Are either of you eligible for a non qualified deferred comp plan? Have you looked into DAF? ...
by sailaway
Mon May 03, 2021 2:21 pm
Forum: Personal Consumer Issues
Topic: Thinking of Teaching a Course on Building a Financial Spreadsheet
Replies: 7
Views: 928

Re: Thinking of Teaching a Course on Building a Financial Spreadsheet

Why are you thinking of doing this through the local cc, rather than approaching your local library for community space, for example? Have you looked into the local cc policies on continuing education courses? For example, one limitation I have seen is that a short course has to be paired with other...
by sailaway
Mon May 03, 2021 10:04 am
Forum: Personal Investments
Topic: 401(K) Rule of 55 and roll over IRA funds in 401(K)
Replies: 4
Views: 571

Re: 401(K) Rule of 55 and roll over IRA funds in 401(K)

No.

However, has she confirmed that the current employer allows partial withdrawals at her age? Some do not.
by sailaway
Mon May 03, 2021 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Are Roth Accounts Overrated?
Replies: 145
Views: 15558

Re: Are Roth Accounts Overrated?

It's called a Roth IRA (individual retirement account) for a reason. If you are planning to use all the money before retirement then there are better options. Being able to withdraw everything tax free, including cap gains, after 59.5 is pretty useful to many people, also for tax planning purposes ...
by sailaway
Sun May 02, 2021 10:49 am
Forum: Personal Investments
Topic: Most direct method for protecting home value
Replies: 13
Views: 1041

Re: Most direct method for protecting home value

Vote in your local elections.
by sailaway
Sat May 01, 2021 11:24 am
Forum: Personal Investments
Topic: Does getting a W2 each year allow me to delay RMDs from 401K?
Replies: 15
Views: 1797

Re: Does getting a W2 each year allow me to delay RMDs from 401K?

From this article ..... https://www.fool.com/retirement/plans/401k/required-minimum-distributions/ Although there's generally no flexibility when it comes to 401(k) RMDs, there is one exception. If you're still working for the company sponsoring your plan by the time you turn 70 1/2 and you don't o...
by sailaway
Sat May 01, 2021 11:16 am
Forum: Personal Investments
Topic: What about a little passive income in your younger years?
Replies: 6
Views: 1229

Re: What about a little passive income in your younger years?

We don't actually keep track of dividends or gains, we just take money out of our brokerage account when we want to spend it, choosing the most appropriate lots at that time. Of course, this works for us because we don't very often want to spend it, and even when we did in 2019, it was a cash flow t...
by sailaway
Sat May 01, 2021 10:31 am
Forum: Investing - Theory, News & General
Topic: High value tax advantaged account questions
Replies: 44
Views: 2731

Re: High value tax advantaged account questions

You definitely shouldn't choose taxable over Roth. I don't know of a way to contribute to a roth with high income. Personal IRA is out of range. Backdoor conversion would increase tax burden and at least right now that doesn't make sense. After couple stops earning roth is a good idea, but it would...
by sailaway
Fri Apr 30, 2021 12:01 pm
Forum: Personal Consumer Issues
Topic: Sleep Headphones?
Replies: 23
Views: 1298

Re: Sleep Headphones?

In order to keep my small* earplugs in my ears when sleeping, I wear a buff (neck gaiter) over my head/ears/eyes when camping which is rather comfortable. Such a piece of clothing would also keep earbuds in one's ears no matter how one moved their head at night. That is, the buff is also a sleep ma...
by sailaway
Fri Apr 30, 2021 11:38 am
Forum: Personal Investments
Topic: Quick question on Mega backdoor Roth check
Replies: 5
Views: 422

Re: Quick question on Mega backdoor Roth check

My 401K workplace provider requires that physical checks be sent to me as part of an after-tax 401K withdrawal. I'm testing out this process with my first withdrawal, and the check is made out to Vanguard (good) but paperwork shows the payment type as "withdrawal". Do I need to worry abou...
by sailaway
Fri Apr 30, 2021 10:37 am
Forum: Personal Consumer Issues
Topic: Extended Stay Hotel
Replies: 14
Views: 1001

Re: Extended Stay Hotel

We used a Staybridge when in a similar situation. It was pleasant enough, better breakfast buffet than most so that we weren't eating the same thing every morning. We used the accumulated points on a trip later the same year.
by sailaway
Fri Apr 30, 2021 10:34 am
Forum: Personal Investments
Topic: Early Retirement Plan Sanity Check: Roth Ladder, ACA, Pitfalls I'm missing
Replies: 26
Views: 2600

Re: Early Retirement Plan Sanity Check: Roth Ladder, ACA, Pitfalls I'm missing

What you do at 65 will depend on the actual rules and your life conditions at the time. More importantly, it sounds like your plan is to have just over $600k and be able to spend $40k. At best, you are aiming to save 25x $30k, even though you have already stated you expect to spend more. Do your cur...
by sailaway
Thu Apr 29, 2021 10:26 am
Forum: Personal Finance (Not Investing)
Topic: What Were Your Regrets after Retiring? (serious question)
Replies: 312
Views: 38267

Re: What Were Your Regrets after Retiring? (serious question)

I regret overcommitting to middle class nonprofits during my first few years, but that mostly has to do with how incompetent the rest of the board was in one case in particular.
by sailaway
Wed Apr 28, 2021 6:32 pm
Forum: Personal Investments
Topic: General Strategy Advice for Mega-Backdoor Roth IRA
Replies: 17
Views: 1228

Re: General Strategy Advice for Mega-Backdoor Roth IRA

We just pay the taxes. That hurt enough last year that this year we are bunching the payments into just a few months, but that was the first time it was actually an issue, due to starting contributions while the markets were still down in the spring.
by sailaway
Wed Apr 28, 2021 6:03 pm
Forum: Investing - Theory, News & General
Topic: Explain it like I'm 5: 401K Matching
Replies: 22
Views: 1764

Re: Explain it like I'm 5: 401K Matching

Do you know if employers stop matching once they contribute a certain amount, or do they typically match until you reach the 401K limit? Yes, most employers do. I don't know of any employer that does not stop contributions when you hit 19.5K in "employee" contributions. If your employer m...
by sailaway
Wed Apr 28, 2021 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Are my expenses too high?
Replies: 130
Views: 11683

Re: Are my expenses too high?

I would no longer be comfortable with that, but you do say you are maxing out 401ks and include a sinking fund for house repairs, so I don't see much room for concern.

If you consistently get a refund, why are you unwilling to change your W4s?
by sailaway
Wed Apr 28, 2021 10:34 am
Forum: Personal Investments
Topic: I was investing in Roth IRA but now recently was made aware of girlfriend's ~$50k debt. Help?
Replies: 59
Views: 3887

Re: I was investing in Roth IRA but now recently was made aware of girlfriend's ~$50k debt. Help?

It sounds like you are doing a 50/50 split of household expenses, even with different incomes and expenses. New information is always a good time to reevaluate how expenses are divided. Are you sharing car insurance? If not, there is a good chance that one policy for the two of you will be similar t...
by sailaway
Tue Apr 27, 2021 2:14 pm
Forum: Personal Investments
Topic: New to the forum! Please advise?
Replies: 12
Views: 1074

Re: New to the forum! Please advise?

When you say non taxable retirement, does that mean all of your accounts are Roth and no company match? Or are you referring to tax deferred (traditional retirement accounts) or some mix?
by sailaway
Tue Apr 27, 2021 11:06 am
Forum: Investing - Theory, News & General
Topic: The comfort of "good enough"
Replies: 89
Views: 10641

Re: The comfort of "good enough"

I have a lot of friends and families who think "I know a lot about finance" since I "do my own investing". I literally write my entire strategy on a napkin and say, "if you want, follow this and you'll beat your advisor." So many people pay 1-3% of their net worth... A...
by sailaway
Tue Apr 27, 2021 10:15 am
Forum: Investing - Theory, News & General
Topic: Hit Millionaire Status! [Does anyone shift when they hit a milestone?]
Replies: 132
Views: 18290

Re: Hit Millionaire Status! [Does anyone shift when they hit a milestone?]

Congrats on the awesome work saving! I think it’s all about balance. I struggle with that personally every day. I looked at our total savings for the past year last night and it was astounding how much we put away. The thought of reducing our savings to spend more, however, terrifies me. With the a...
by sailaway
Tue Apr 27, 2021 9:43 am
Forum: Personal Investments
Topic: What do you define "hitting your number?"
Replies: 50
Views: 5452

Re: What do you define "hitting your number?"

The ability to retire early is a luxury that most people don't have. It also allows you to pick the timing, circumstance, and income level of your retirement. If you're fortunate enough to be in that position, then line up your non-financial preparations before you pull the trigger. For most people...
by sailaway
Tue Apr 27, 2021 9:18 am
Forum: Personal Consumer Issues
Topic: Sleep Headphones?
Replies: 23
Views: 1298

Re: Sleep Headphones?

I don’t think I could ever sleep with headphones on. Too uncomfortable. What has worked well for me is podcasts. A calm voice talking about something interesting takes my mind off of stressful things and I fall right asleep. I set the timer for 30 minutes and I usually am out by then. Without headp...
by sailaway
Tue Apr 27, 2021 8:10 am
Forum: Personal Consumer Issues
Topic: Sleep Headphones?
Replies: 23
Views: 1298

Re: Sleep Headphones?

We both sleep with our Bose over the ear headphones. The ear pieces turn enough that you can lay them on one ear when you turn on your side. I can listen to something to drown out my husband's late night meetings and be sounds asleep before he comes to bed.
by sailaway
Mon Apr 26, 2021 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Expensive lesson from Amica - any recourse?
Replies: 85
Views: 6541

Re: Expensive lesson from Amica - any recourse?

It sounds like there was an ACV discount on your policy invoice that you accepted. So you may have paid for full value for several years, but not currently. Check with the Texas insurance Commission about your options rather than resorting to the false claims and threats you suggest. I reread my OP...
by sailaway
Mon Apr 26, 2021 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Expensive lesson from Amica - any recourse?
Replies: 85
Views: 6541

Re: Expensive lesson from Amica - any recourse?

It sounds like there was an ACV discount on your policy invoice that you accepted. So you may have paid for full value for several years, but not currently. Check with the Texas insurance Commission about your options rather than resorting to the false claims and threats you suggest.