Search found 3247 matches

by sailaway
Sat Jun 19, 2021 7:08 pm
Forum: Personal Consumer Issues
Topic: Best reasonable price eye glass store
Replies: 23
Views: 1693

Re: Best reasonable price eye glass store

I just came to say that my brain keeps inverting the order of words in the title, so someone seems to be looking for a glass eye store. I get Zeiss lenses. I have no idea how much they cost (insurance covers the lenses), but the optician only carries designer frames, so definitely not reasonable pri...
by sailaway
Sat Jun 19, 2021 5:38 pm
Forum: Personal Investments
Topic: Is the strategy explained in these videos about Mega Backdoor Roth Coversion the most efficient?
Replies: 17
Views: 1094

Re: Is the strategy explained in these videos about Mega Backdoor Roth Coversion the most efficient?

I do option #5 which I consider the most straightforward. All of the options mentioned above seemed time consuming and convoluted and frankly kept me from taking advantage of the very straightforward option available in my 401k. I say keep it simple (unless there are no other options). 5. Auto in-p...
by sailaway
Sat Jun 19, 2021 4:48 pm
Forum: Investing - Theory, News & General
Topic: Is the secret to long term wealth as simple as living below your means and investing in a low cost index fund
Replies: 128
Views: 10432

Re: Is the secret to long term wealth as simple as living below your means and investing in a low cost index fund

Your annual income is exponentially more important than your savings rate to building long term wealth. I'm not going to say that your income is not important, but I believe your savings rate is more important than how much you make. The key to long term wealth is to get something working for you o...
by sailaway
Sat Jun 19, 2021 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Establishing Credit
Replies: 11
Views: 399

Re: Establishing Credit

At today's interest rates, a car loan would probably be a better option than a cc. Just to clarify in case what I wrote was confusing: I definitely wasn't suggesting buying the car on a credit card, simply that just that using a credit card that's paid off every month so as not to pay interest will...
by sailaway
Sat Jun 19, 2021 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Establishing Credit
Replies: 11
Views: 399

Re: Establishing Credit

At today's interest rates, a car loan would probably be a better option than a cc.
by sailaway
Sat Jun 19, 2021 11:20 am
Forum: Investing - Theory, News & General
Topic: Is the secret to long term wealth as simple as living below your means and investing in a low cost index fund
Replies: 128
Views: 10432

Re: Is the secret to long term wealth as simple as living below your means and investing in a low cost index fund

It is like dieting: the rules are simple, the trick is maintaining the right habits long term. Luckily, I am better with the finances than the diet, and DH doesn't have a problem with either. A higher income certainly makes it easier, especially if you aren't susceptible to the peer pressure to spen...
by sailaway
Fri Jun 18, 2021 2:21 pm
Forum: Personal Consumer Issues
Topic: How to save on water costs?
Replies: 71
Views: 3521

Re: How to save on water costs?

Short showers. Get wet, turn the water off while you lather up, then rinse down. I will be honest, I can only handle it in the summer, but we don't turn the heat on (SoCal, not masochists). I do it year round but it is harder in the winter. I live in the Midwest. We have the heat on but it still mi...
by sailaway
Fri Jun 18, 2021 12:37 pm
Forum: Personal Consumer Issues
Topic: How to save on water costs?
Replies: 71
Views: 3521

Re: How to save on water costs?

I am replacing the 1980s toilet with 1.6gpf efficient toilets. Stopped watering grass. Aerated heads for all faucets. California is going to be in a severe drought this year. We are leaving the state for a month, so that should take care of our share of conservation. Speaking of California and toil...
by sailaway
Fri Jun 18, 2021 12:21 pm
Forum: Investing - Theory, News & General
Topic: Optimal Investment Withdrawl Rate for very early retirement (<50 years old)
Replies: 49
Views: 4657

Re: Optimal Investment Withdrawl Rate for very early retirement (<50 years old)

I just have dividends and capital gains sent to my money market account. This is more than enough to cover my expenses with meaningful buffer built in. If you get to this point you are safe forever. Especially since this suggests that you are living off dividends and capital gains from taxable and ...
by sailaway
Fri Jun 18, 2021 11:51 am
Forum: Personal Consumer Issues
Topic: How to save on water costs?
Replies: 71
Views: 3521

Re: How to save on water costs?

Short showers. Get wet, turn the water off while you lather up, then rinse down. Sailor's shower. Once you get the technique down (which doesn't take long the first time you blow a water tank on a sailboat long before you expected to :? ) it becomes second nature. It isn't the best for shaving when...
by sailaway
Fri Jun 18, 2021 11:48 am
Forum: Investing - Theory, News & General
Topic: Optimal Investment Withdrawl Rate for very early retirement (<50 years old)
Replies: 49
Views: 4657

Re: Optimal Investment Withdrawl Rate for very early retirement (<50 years old)

I just have dividends and capital gains sent to my money market account. This is more than enough to cover my expenses with meaningful buffer built in. If you get to this point you are safe forever. Especially since this suggests that you are living off dividends and capital gains from taxable and ...
by sailaway
Fri Jun 18, 2021 11:36 am
Forum: Personal Consumer Issues
Topic: How to save on water costs?
Replies: 71
Views: 3521

Re: How to save on water costs?

First, I want to say that I am very jealous of your pricing. Our bill is more than half of yours and we are very efficient and don't have any outdoor uses for our water, given that we live in a maintained townhouse. Short showers. Get wet, turn the water off while you lather up, then rinse down. I w...
by sailaway
Thu Jun 17, 2021 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Charity - good ideas
Replies: 46
Views: 2181

Re: Charity - good ideas

KIVA.org. I am a big fan of this organization and their global efforts to give a hand up to others. Basically, you loan money to people (at 0%). These are folks who don't have ready access to capital but want to better their lives. Sometimes the need is farming, or business, or personal (installing...
by sailaway
Thu Jun 17, 2021 12:13 pm
Forum: Personal Consumer Issues
Topic: Two Weekdays in Atlanta
Replies: 9
Views: 645

Re: Two Weekdays in Atlanta

OK, this is the cheesiest, but the Coke Museum. If and only if they have the world wide flavors on tap at the end of the tour. If that is off due to COVID, it is just a few thousand sq ft of Coke advertising through the ages.
by sailaway
Thu Jun 17, 2021 12:13 pm
Forum: Personal Consumer Issues
Topic: Two Weekdays in Atlanta
Replies: 9
Views: 645

Re: Two Weekdays in Atlanta

OK, this is the cheesiest, but the Coke Museum. If and only if they have the world wide flavors on tap at the end of the tour. If that is off due to COVID, it is just a few thousand sq ft of Coke advertising through the ages. Sorry, no idea how I submitted that, much less twice. Atlanta is not parti...
by sailaway
Thu Jun 17, 2021 9:46 am
Forum: Personal Investments
Topic: Do you have a "survival" retirement number?
Replies: 70
Views: 6642

Re: Do you have a "survival" retirement number?

Minimal FI : 25x or average annual spending while we were living most similarly to how we plan to live at least the first few years out. When aiming for this number, we also added in a $100k "transition fund" to be able to change up our lifestyle should we so choose. Plenty of FI : 30x ou...
by sailaway
Wed Jun 16, 2021 3:24 pm
Forum: Personal Consumer Issues
Topic: Small (4'X9') space for bathroom?
Replies: 37
Views: 2089

Re: Small (4'X9') space for bathroom?

You could do a custom shower - might allow you to get most of the 4' across while taking up less room than typical of the 9'.
by sailaway
Wed Jun 16, 2021 1:59 pm
Forum: Personal Investments
Topic: Hit my "number" (I think)...now what?
Replies: 103
Views: 9544

Re: Hit my "number" (I think)...now what?

For starters, we chose a number thats higher than our currently monthly expenses by a fairly large amount (~3.5k/mo extra over required spending) to account for things like healthcare, vehicle purchases, taxes, etc. I feel that is done correctly but wonder if I missed something. Then given I'm usin...
by sailaway
Wed Jun 16, 2021 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: HSA: How do u do it?
Replies: 20
Views: 1301

Re: HSA: How do u do it?

DH used the HSA because then he can pay through an insurance website. So dental and vision go in a cc, since they can't be paid via that site.

AKA, we sometimes optimize simplicity over math.
by sailaway
Wed Jun 16, 2021 8:43 am
Forum: Personal Finance (Not Investing)
Topic: Best month to retire
Replies: 41
Views: 3878

Re: Best month to retire

Our problem is, there is always something within the next few months, with the bigger RSU vesting happening towards the end of the year, the same week as the cash bonus. Nonetheless, like you we are leaning towards earlier in the year - 401k benefits, some of the HSA seed money, sailing is more fun ...
by sailaway
Tue Jun 15, 2021 2:36 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 15764
Views: 1230475

Re: U.S. stocks continue to soar!

what happened to those 1%, 2% pops we used to get regularly? the current returns feel like the rain situation in california. No, they don't. They really, really don't feel anything like a drought. Most realistic investors would be happy if returns were sideways for the rest of the year. We will not...
by sailaway
Mon Jun 14, 2021 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: How much does [Seattle area] private school cost?
Replies: 44
Views: 2310

Re: How much does private school cost?

How long is a piece of string?

You will have to look at the school you are interested in, as the answers to this question vary greatly.
by sailaway
Mon Jun 14, 2021 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Reaching retirement goal earlier then expected
Replies: 39
Views: 3668

Re: Reaching retirement goal earlier then expected

I moved the goalposts and set my number higher, and I stopped doing the parts of my job I didn't enjoy. We set an upper number and DH has been working fewer hours than ever. Every once in awhile, he gets caught up again, but management panics when he talks about leaving, so we might as well finish ...
by sailaway
Sun Jun 13, 2021 9:28 pm
Forum: Personal Investments
Topic: Decrease/stop 403b contribution for self and contribute to children's Roth IRAs
Replies: 15
Views: 1134

Re: Decrease/stop 403b contribution for self and contribute to children's Roth IRAs

You say "if all goes as planned" in relation to the pension. Is that just normal pension qualms or are you not yet vested?

Also, you don't mention if your children actually have earned income.
by sailaway
Sun Jun 13, 2021 8:28 pm
Forum: Personal Investments
Topic: How to Protect Savings from stock market crash
Replies: 23
Views: 2594

Re: How to Protect Savings from stock market crash

What harm would it be for OP to liquidate and park his money in say a MMF temporarily to preserve value following a (likely) impending crash. Following the crash, they can then reinvest those funds back as he/she chooses when they feel it has dipped enough. Any thoughts?? (i know, can't predict whe...
by sailaway
Sun Jun 13, 2021 12:11 pm
Forum: Investing - Theory, News & General
Topic: Optimal Investment Withdrawl Rate for very early retirement (<50 years old)
Replies: 49
Views: 4657

Re: Optimal Investment Withdrawl Rate for very early retirement (<50 years old)

I'm interested in your thoughts on the optimum investment withdrawal rate for a very early retirement in your 40's. I guess the most conservative path is simply to never sell capital gains and live off the dividends/interest in your portfolio, adjusting your spending as necessary up or down. That w...
by sailaway
Sun Jun 13, 2021 11:28 am
Forum: Personal Investments
Topic: Trying to establish my asset allocation
Replies: 29
Views: 2523

Re: Trying to establish my asset allocation

We choose asset allocation based on distance to FI. That is, we were quite aggressive (95/5) until we approached our minimal FI number. At that point, we switched to 70/30, where we will likely stay. We are quite comfortable here for the long term. Asset allocation is a function of your assets, your...
by sailaway
Sat Jun 12, 2021 6:22 pm
Forum: Personal Investments
Topic: Post-tax 401k contributions?
Replies: 13
Views: 651

Re: Post-tax 401k contributions?

You should also check if the employer contiuines the generous 100% match even for after tax contributions (my previous employer did), in which case your wife would only need to contribute $9.5k to max out the $58k. In either case the mega backdoor Roth if allowed in her plan is the way to go. This ...
by sailaway
Sat Jun 12, 2021 10:49 am
Forum: Personal Investments
Topic: Post-tax 401k contributions?
Replies: 13
Views: 651

Re: Post-tax 401k contributions?

If the 401k plan allows for automatic and immediate rollover to Roth, that would avoid any gains and be the ideal situation. I will say that although we roll into a Roth IRA, we have only had significant gains once. This is mostly due to the luck of timing when we maxed out and when I was able to ge...
by sailaway
Thu Jun 10, 2021 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Real estate agent reluctant to show offers to the seller prior to decision
Replies: 99
Views: 9698

Re: Real estate agent reluctant to show offers to the seller prior to decision

mhalley wrote: Thu Jun 10, 2021 4:40 pm I am no expert, but isn’t it the realtors job to examine all the offers and present the best one to you? Why are you trying to micromanage them? I’ve never actually sold a home,only bought so I am ignorant in this area.
In many jurisdictions the agent is required to take all offers to the seller.
by sailaway
Thu Jun 10, 2021 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Eviction Process?
Replies: 17
Views: 1231

Re: Eviction Process?

anon_investor wrote: Thu Jun 10, 2021 3:31 pm
RickBoglehead wrote: Thu Jun 10, 2021 3:30 pm This is why we don't own any rental properties...
+1!!!
That and a fight over whether or not to let the property manager in to fix things.
by sailaway
Thu Jun 10, 2021 2:48 pm
Forum: Investing - Theory, News & General
Topic: Investing Bonus Into 401k - Beyond Limit?
Replies: 7
Views: 551

Re: Investing Bonus Into 401k - Beyond Limit?

Many employers do not allow bonus' to got o 401k at all. Megacorp is pretty generous and they limit it to 50%. If you can make a contribution, you cannot exceed the $19,500 in Roth + traditional for the year. Often, payroll software will prevent this from happening, but if it does not, measures will...
by sailaway
Thu Jun 10, 2021 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: A young friend made a tax mistake - can it be undone?
Replies: 18
Views: 2710

Re: A young friend made a tax mistake - can it be undone?

There is no tax hit for receiving a gift. The giver should file the appropriate paperwork with the IRS, but even that may not be necessary if the giver is married.
by sailaway
Thu Jun 10, 2021 1:05 pm
Forum: Personal Investments
Topic: Any reason to contribute to HSA?
Replies: 12
Views: 1674

Re: Any reason to contribute to HSA?

It depends on the actual numbers. Since your child tax credits are refundable, you may get more money back by making contributions that lower your liability even more.
by sailaway
Thu Jun 10, 2021 12:15 pm
Forum: Personal Investments
Topic: Reinvesting RMDs - inherited IRA as I am 55
Replies: 6
Views: 402

Re: Reinvesting RMDs - inherited IRA as I am 55

I just turned 55 and was told, under the new tax laws, I have to take RMDs for the next 10 years until the account is emptied I believe this is only somewhat correct. You have to empty it in 10 years but don’t have to take annual rmd’s. You’ll need to assess other income to decide what strategy mak...
by sailaway
Thu Jun 10, 2021 11:21 am
Forum: Investing - Theory, News & General
Topic: Rule of 55 and 401k rollovers
Replies: 20
Views: 2048

Re: Rule of 55 and 401k rollovers

Are there more plans that allow you roll in prior 401ks than those that allow IRAs? I would have thought most that allow roll ins allow both?
by sailaway
Thu Jun 10, 2021 10:59 am
Forum: Personal Finance (Not Investing)
Topic: which state to retire
Replies: 184
Views: 16688

Re: which state to retire

I'm surprised Colorado is suggested as a place to retire to. While Denver is one of my favorite places to visit during spring / summer, they seem to hit a subfreezing temperature 5~6 months out of a year. Much colder than PNW, and even PNW is cold for me. Denver is also high altitude. It can make a...
by sailaway
Wed Jun 09, 2021 4:36 pm
Forum: Personal Investments
Topic: Drawdown for dummies 101
Replies: 16
Views: 2216

Re: Drawdown for dummies 101

mdbravelion wrote: Wed Jun 09, 2021 12:17 pm Hi,

What does a drawdown actually look like in practice. Let's assume a simple 2 fund portfolio, and a retirement age of say 65. Let's not discuss tax efficiency or SSI/pension or healthcare.
So, not at all what it would actually look like in practice then.
by sailaway
Wed Jun 09, 2021 2:18 pm
Forum: Personal Investments
Topic: What to do about interest rates
Replies: 37
Views: 3655

Re: What to do about interest rates

I think of cash and bonds as ballast, rather than "fixed income". They aren't there to earn X; they are there to keep a dip from dipping quite so low.
by sailaway
Wed Jun 09, 2021 10:08 am
Forum: Personal Investments
Topic: Can I retire?
Replies: 25
Views: 3782

Re: Can I retire?

You have plenty, including buffers, if your spending target is accurate. Does that include taxes, healthcare and one offs such as major house repairs or replacing a car?
by sailaway
Tue Jun 08, 2021 2:31 pm
Forum: Personal Investments
Topic: Mega Backdoor Roth Contributions - Treated as regular contribution for withdrawal purposes?
Replies: 13
Views: 649

Re: Mega Backdoor Roth Contributions - Treated as regular contribution for withdrawal purposes?

So it sounds like if you only ever make backdoor and megabackdoor conversions, you can take it all out whenever you want? As long as there wasn't any growth prior to the conversion. Even if there was growth, the 10% penalty may still be worth it, since it is only on the growth. I note in my spreads...
by sailaway
Tue Jun 08, 2021 2:07 pm
Forum: Personal Investments
Topic: Mega Backdoor Roth Contributions - Treated as regular contribution for withdrawal purposes?
Replies: 13
Views: 649

Re: Mega Backdoor Roth Contributions - Treated as regular contribution for withdrawal purposes?

As stated above, the MBR is a conversion, it gets the same treatment as any other conversion, including "waiting in line." That is, you take out any and all direct contributions first. Then you take out the tax free portion of your oldest conversion (ie, backdoor or MBR contributions, not...
by sailaway
Tue Jun 08, 2021 12:07 pm
Forum: Personal Investments
Topic: Understanding whether Roth conversion is worthwhile and phasing
Replies: 11
Views: 1024

Re: Understanding whether Roth conversion is worthwhile and phasing

If you engage in charitable giving, you may want to leave money in the traditional IRA for QCDs. High medical expenses can be another way to reduce the tax burden, but harder to make part of a plan.
by sailaway
Tue Jun 08, 2021 11:39 am
Forum: Personal Investments
Topic: Mega Backdoor Roth Contributions - Treated as regular contribution for withdrawal purposes?
Replies: 13
Views: 649

Re: Mega Backdoor Roth Contributions - Treated as regular contribution for withdrawal purposes?

As stated above, the MBR is a conversion, it gets the same treatment as any other conversion, including "waiting in line." That is, you take out any and all direct contributions first. Then you take out the tax free portion of your oldest conversion (ie, backdoor or MBR contributions, not ...
by sailaway
Tue Jun 08, 2021 11:26 am
Forum: Personal Consumer Issues
Topic: Dance Lessons
Replies: 17
Views: 1378

Re: Dance Lessons

Bump Trying to see if anyone else has feedback, ready to get this started! Did you ever identify a style you are interested in? If not, look for a studio or group that teaches a variety of styles as a series. I originally found a meet up group whose main purpose was to get people together to go to ...
by sailaway
Mon Jun 07, 2021 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Return to Work - How is your company dealing with it?
Replies: 260
Views: 23723

Re: Return to Work - How is your company dealing with it?

Megacorp has made a few hires in the last year. The contractors on our team have been told they are remote for the duration of their contract, and therefore welcome to work from where ever. The full employees have been asked to relocate. It may be that the companies the contractors actually work for...
by sailaway
Mon Jun 07, 2021 2:41 pm
Forum: Personal Consumer Issues
Topic: Did you make any lifestyle changes after hitting 500k NW?
Replies: 61
Views: 4992

Re: Did you make any lifestyle changes after hitting 500k NW?

I just looked - the first time we ever added it all up, we were already over $500k. At the time, our goals were focused entirely on building our taxable (after maxing out retirement, just because that was what we had each always done). We wanted 10x in taxable to take a long sabbatical. For better o...
by sailaway
Mon Jun 07, 2021 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Approaching 40 and need advice
Replies: 13
Views: 2290

Re: Approaching 40 and need advice

At first glance, it looks like your first priority should be to max out her 401k contributions. Other than that, it depends on goals, which you don't even mention. Early retirement? Beach house? You do mention having your money work for you, but don't mention AA or what investments you currently hol...
by sailaway
Mon Jun 07, 2021 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Any tips which might help in transitioning from the accumulation to the retirement phase
Replies: 19
Views: 1825

Re: Any tips which might help in transitioning from the accumulation to the retirement phase

For us, part of the transition has involved not always having paychecks to spend. Megacorp has a matching program that doesn't punish us for front loading and allows MBR. Then there is ESPP and HSA. Plus additional tax withholdings because RSUs and bonus are under withheld... Much of the year, paych...
by sailaway
Sat Jun 05, 2021 10:30 pm
Forum: Personal Investments
Topic: Retire early
Replies: 30
Views: 4838

Re: Retire early

Look into the Roth conversion ladder to avoid early withdrawal penalties. You can live off your existing taxable funds and Roth contributions for a few years while making tIRA --> Roth conversions and letting them "season" until they are penalty free. You are cutting it tight if you want t...