Search found 2992 matches

by sailaway
Sat Apr 17, 2021 10:22 am
Forum: Personal Investments
Topic: withdrawal strategy after market decline
Replies: 13
Views: 490

Re: withdrawal strategy after market decline

If it is natural, you don't need a strategy, it just happens as a response to anxiety.

With a 3% withdrawal rate, it probably isn't necessary to have a conscious strategy, beyond thinking about rebalancing and which asset type to pull funds from in different situations.
by sailaway
Fri Apr 16, 2021 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: What to do next for our savings after maxing out everything?
Replies: 35
Views: 2279

Re: What to do next for our savings after maxing out everything?

Do you have access to an HSA? No...my current healthcare coverage at work is quite good and reasonable so I cannot contribute to an HSA because I don't have a QHDHP. Unless this has changed and someone who has regular coverage can now contribute to an HSA? HSA qualified plans can be very good and r...
by sailaway
Fri Apr 16, 2021 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: What to do next for our savings after maxing out everything?
Replies: 35
Views: 2279

Re: What to do next for our savings after maxing out everything?

When you max out 401k's, does that mean you have looked into the Mega backdoor Roth for those plans? I don't follow what you're asking...I can contribute regularly to a ROTH without needing to backdoor (well at least for another year or so). The mega backdoor takes advantage of extra space in the 4...
by sailaway
Fri Apr 16, 2021 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: What to do next for our savings after maxing out everything?
Replies: 35
Views: 2279

Re: What to do next for our savings after maxing out everything?

When you max out 401k's, does that mean you have looked into the Mega backdoor Roth for those plans?
by sailaway
Fri Apr 16, 2021 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: At what salary range to move out of a HCOL state?
Replies: 21
Views: 2040

Re: At what salary range to move out of a HCOL state?

Since when is 900 sq ft small for 2 bedroom? As for the schools, are there charter schools or a magnet school in the area? If you want to move, that is another issue. However, the reasons you gave seem spurious, since so much can change between now and when baby is ready to enter school. If you want...
by sailaway
Thu Apr 15, 2021 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: Disabled at 39 - looking for some general guidance
Replies: 19
Views: 3245

Re: Disabled at 39 - looking for some general guidance

Be aware of any limitations your COBRA coverage may have once you move out of state. We have excellent coverage at megacorp, but with our current plan, there are limited benefits once you leave the city and the local health network we use.
by sailaway
Thu Apr 15, 2021 3:42 pm
Forum: Personal Consumer Issues
Topic: Considering porcelain flooring that looks like wood
Replies: 12
Views: 673

Re: Considering porcelain flooring that looks like wood

What do you do on your floors? I loathe the harder flooring where I do yoga, dancing or other barefoot exercises, but I know that isn't a thing for everyone.
by sailaway
Thu Apr 15, 2021 12:35 pm
Forum: Investing - Theory, News & General
Topic: What’s the problem with dividends?
Replies: 198
Views: 10201

Re: What’s the problem with dividends?

That is, a VEIPX investor is no better off than a VFINX investor who draws the same amount by redeeming shares as needed. That is what seems to get consistently lost. It isn't exactly that there is a problem with dividends, but rather than there isn't any dividend magic . There just isn't anything ...
by sailaway
Wed Apr 14, 2021 11:28 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 90
Views: 5969

Re: Buying a Home in SoCal

Tough situation. I think we can all agree that your salary will make a house of that price very difficult. In that case there is a limited number of choices. You can buy a house that costs a lot less money but it sounds like there is nothing like that available in the area. There is housing for hal...
by sailaway
Wed Apr 14, 2021 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 90
Views: 5969

Re: Buying a Home in SoCal

manatee2005 wrote: Wed Apr 14, 2021 10:49 pm

Why? You think public schools are good?
Do you think all private schools are better than all public schools?
by sailaway
Wed Apr 14, 2021 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: Biggest expenses in life
Replies: 50
Views: 4085

Re: Biggest expenses in life

Exchme wrote: Wed Apr 14, 2021 9:46 pm Our taxes have exceeded the sum of everything else for many years now.
When we first started tracking, our taxes were equal to our other spending, but we are slipping further and further behind on spending.
by sailaway
Wed Apr 14, 2021 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Biggest expenses in life
Replies: 50
Views: 4085

Re: Biggest expenses in life

BalancedJCB19 wrote: Wed Apr 14, 2021 7:28 pm It depends on who you are asking, but in my case it is Pizza
Between the pizza, the chinese delivery and the fast food, this is probably my one regret, but that has more to do with the diabetes than the money (my diabetes is currently lifestyle controlled, so not an additional money drag).
by sailaway
Wed Apr 14, 2021 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Using only Fidelity for Retirement
Replies: 23
Views: 3374

Re: Using only Fidelity for Retirement

Regardless, is anyone here -- at retirement -- using Fidelity (self-directed or fee-based) for all your retirement needs , like financial planning that includes all "common" nuisances like retirement income, asset allocation, tax planning, Roth conversion plan (and effects on health insur...
by sailaway
Wed Apr 14, 2021 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 90
Views: 5969

Re: Buying a Home in SoCal

There are little pockets where you might find something in the price range (but will not be available often and will be in high demand). If wife is in Solana Beach and you are in La Jolla/4S Ranch I'd focus on: Carmel Valley and Del Mar Highlands RPQ 4S Ranch/Del Sur Sorrento Valley Carlsbad/Encini...
by sailaway
Wed Apr 14, 2021 10:49 am
Forum: Personal Finance (Not Investing)
Topic: How to estimate how much you can spend?
Replies: 14
Views: 1088

Re: How to estimate how much you can spend?

We are in the fortunate position where we are consistently underspending what various analysis would describe as a safe withdrawal rate. I have been tracking the accumulation of that underspending. Is that the amount that I should consider it "safe" to spend? Thank you. Yes, that is a dec...
by sailaway
Wed Apr 14, 2021 10:25 am
Forum: Personal Finance (Not Investing)
Topic: 2nd Roth IRA for Mega Backdoor Roth?
Replies: 2
Views: 155

Re: 2nd Roth IRA for Mega Backdoor Roth?

There are not any particular repercussions. DH rolled his bloated Roth IRA to another institution to get a bonus, but keeps one at the same institution as his 401k to facilitate the MBR. I believe the IRS considers them all as one Roth IRA when it comes to withdrawal ordering rules.
by sailaway
Tue Apr 13, 2021 8:18 pm
Forum: Personal Investments
Topic: Help with advising sister who's husband just passed.
Replies: 17
Views: 1787

Re: Help with advising sister who's husband just passed.

Does her own income meet her needs or will she need to start drawing from these funds immediately? That will make a difference with what to do with the life insurance money. If she doesn't know, plop it into a HYSA for now while she works out her new expenses. The 401k could be rolled to an IRA an p...
by sailaway
Tue Apr 13, 2021 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Former employer won't change my employment status with 401k provider
Replies: 13
Views: 1071

Re: Former employer won't change my employment status with 401k provider

profet wrote: Tue Apr 13, 2021 5:42 pm
DIFAR31 wrote: Tue Apr 13, 2021 5:39 pm If you haven't yet heard back from your former employer, how do you know that they won't change your employment status?
Because they haven't changed it, and are not responding.
I had an employer not respond, but then poof, it happened after a month or two.
by sailaway
Tue Apr 13, 2021 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Sell investments for house down payment ?
Replies: 9
Views: 633

Re: Sell investments for house down payment ?

I am paying $2700 for a $700k house in San Diego and consider it a bargain from a rent/buy comparison. Seems like your son's numbers would work out similar. Are you renting or did you purchase the $700k house - They are actually thinking of looking around Carlsbad .... they are around the Clairemon...
by sailaway
Tue Apr 13, 2021 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Sell investments for house down payment ?
Replies: 9
Views: 633

Re: Sell investments for house down payment ?

I am paying $2700 for a $700k house in San Diego and consider it a bargain from a rent/buy comparison. Seems like your son's numbers would work out similar. Even with San Diego's booming prices, renting has worked out in our favor over the last three years. This will be especially true if they end u...
by sailaway
Tue Apr 13, 2021 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: For those retired or FI, how much do you spend annually?
Replies: 286
Views: 20792

Re: For those retired or FI, how much do you spend annually?

This has been a great thread. I was thinking the following which is $111,400 per year but would love feedback. $7,2000 Car gas/maintenance (a little more than what we spend now) $6,240 Gardening/Home Cleaning (about what we spend now) $2,160 Cellular Bills (about what we spend now) $15,000 Vacation...
by sailaway
Tue Apr 13, 2021 2:19 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 14607
Views: 1121632

Re: U.S. stocks continue to soar!

rchmx1 wrote: Tue Apr 13, 2021 2:18 pm I ask you, is there anything more beautiful than a strong soaring day? :greedy
Clearly you don't look at all the indexes.
by sailaway
Tue Apr 13, 2021 11:02 am
Forum: Investing - Theory, News & General
Topic: What's your definition of "Family Money"?
Replies: 47
Views: 5449

Re: What's your definition of "Family Money"?

No concept of what this is because neither my wife nor I have, or will ever receive any family money. Nothing to get. I inherited $3000 from my maternal grandmother... I think it is all relative. Coming from a lower to middle middle income family, I see family money as everything one does to help t...
by sailaway
Tue Apr 13, 2021 10:12 am
Forum: Personal Investments
Topic: Multiple years of expenses in cash when starting retirement
Replies: 91
Views: 6165

Re: Multiple years of expenses in cash when starting retirement

We are about a year out and our plan is to begin to accumulate a cash buffer about 2x the usual with the last lump sums that would have normally gone into taxable accounts - RSUs, ESPP, it just depends on when we actually decide to pull the plug. Obviously, this plan depends on a fairly high savings...
by sailaway
Mon Apr 12, 2021 9:16 pm
Forum: Personal Investments
Topic: Investing strategy with known future expense
Replies: 26
Views: 1322

Re: Investing strategy with known future expense

This doesn't sound like a known future expense to me. I would invest as always and make plans with what I have when the time comes.
by sailaway
Mon Apr 12, 2021 3:09 pm
Forum: Personal Investments
Topic: Personal Finance Check Up
Replies: 8
Views: 1125

Re: Personal Finance Check Up

1. Look into refinancing your student loans. That 6.5% is not your friend. 2. You can make your contributions to a Fidelity HSA and keep the company contributions at their HSA. 3. Keep your emergency fund liquid. I would not keep contributing to the sinking fund at this point, perhaps that extra cou...
by sailaway
Sun Apr 11, 2021 8:43 pm
Forum: Personal Consumer Issues
Topic: Flooring decisions for whole house - tile vs laminate
Replies: 31
Views: 2848

Re: Flooring decisions for whole house - tile vs laminate

The thing about tile and grout is that the grout is a pain to keep clean.

Swishing across the floor in socks also more fun without grout lines, but that isn't on your priority list...
by sailaway
Sat Apr 10, 2021 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Scholarship vs endowment
Replies: 8
Views: 661

Re: Scholarship vs endowment

Have you contacted the school in question to inquire about the systems they have in place?
by sailaway
Sat Apr 10, 2021 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone contemplating OLY (One Less Year)?
Replies: 52
Views: 4766

Re: Anyone contemplating OLY (One Less Year)?

If OMY decides to OLY in the middle of the year, what are they?
by sailaway
Sat Apr 10, 2021 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Do budgets work?
Replies: 122
Views: 4846

Re: Do budgets work?

Budgets work the same way that diets work: the plan works if you follow it. The difference is, it seems more people have long term success with budgets than diets.
by sailaway
Fri Apr 09, 2021 8:49 pm
Forum: Investing - Theory, News & General
Topic: Rebalance frequency
Replies: 39
Views: 2825

Re: Rebalance frequency

Rebalancing frequency doesn't seem to have much effect on the outcome, so it would likely just be more work.

If it helps, you are already rebalancing twice as often as this goose.
by sailaway
Fri Apr 09, 2021 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: For those retired or FI, how much do you spend annually?
Replies: 286
Views: 20792

Re: For those retired or FI, how much do you spend annually?

Irrespective of the numbers, seems like it is going to be more and more important to look at spending, rather than income, as fewer people have pensions and hopefully more have savings, in a mix of traditional, Roth and taxable accounts.
by sailaway
Fri Apr 09, 2021 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: For those retired or FI, how much do you spend annually?
Replies: 286
Views: 20792

Re: For those retired or FI, how much do you spend annually?

... A few stats based on 2020 data: $43.8K - average household (HH) income in retirement $67.2K - mean HH income in retirement $34.8K - average HH income for 75+ year old $54.4K - mean HH income for 75+ year old What's the difference between "average" and "mean" here? Should one...
by sailaway
Fri Apr 09, 2021 3:55 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 14607
Views: 1121632

Re: U.S. stocks continue to soar!

What was that? Swoosh...
by sailaway
Fri Apr 09, 2021 11:36 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 14607
Views: 1121632

Re: U.S. stocks continue to soar!

peppers wrote: Fri Apr 09, 2021 11:32 am I'll play

(clears throat)

Woe unto ye, followers of the S&P
The muzzled roar you hear are the minions of the Great Bear, ready to do his bidding
Ask for no quarter...none will be given

Ok does that work?
Made my day, whatever the markets do.
by sailaway
Thu Apr 08, 2021 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your View Of the Fidelity 2% Cash Back Visa Credit Card
Replies: 62
Views: 5309

Re: What's Your View Of the Fidelity 2% Cash Back Visa Credit Card

We have several cards to make the most of cash back, so this is just our "well, can't seem to do better than 2% any other way" card. However, we have had no problems whatsoever. The caveat being that we have had no problems whatsoever, so we have never tried to contact customer service. Si...
by sailaway
Thu Apr 08, 2021 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: For those retired or FI, how much do you spend annually?
Replies: 286
Views: 20792

Re: How much do you spend annually in retirement?

Dontcha just love how complicated this program for seniors is?
by sailaway
Thu Apr 08, 2021 4:59 pm
Forum: Personal Consumer Issues
Topic: Housing circumstances
Replies: 44
Views: 2628

Re: Housing circumstances

Does the area you are moving to have ADUs/ granny flats/ carriage houses? You might be able to get the size house you want for your family and a future rental income once they leave.
by sailaway
Thu Apr 08, 2021 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Vote: House or keep buying taxable mutual funds?
Replies: 14
Views: 1036

Re: Vote: House or keep buying taxable mutual funds?

I live in one of those cities that makes top ten lists for growth in housing prices. The market has still out performed housing since we moved here. The community we are in hasn't quite doubled since we originally looked in 2013, but the stock market has. But we didn't move into this community right...
by sailaway
Thu Apr 08, 2021 4:01 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 14607
Views: 1121632

Re: U.S. stocks continue to soar!

dogagility wrote: Thu Apr 08, 2021 3:59 pm
rchmx1 wrote: Thu Apr 08, 2021 3:23 pm Ah soaring my old friend.
I've come to talk with you again. :moneybag
I prefer softly creeping, especially with a 401k contribution going in tomorrow...
by sailaway
Thu Apr 08, 2021 2:06 pm
Forum: Personal Investments
Topic: Sidedoor Roth
Replies: 36
Views: 2407

Re: Sidedoor Roth

Is there a youtube or tiktok with this technique going around? We had another poster suggesting a similar strategy just yesterday.
by sailaway
Thu Apr 08, 2021 11:56 am
Forum: Personal Consumer Issues
Topic: walking shoes with wide toes?
Replies: 48
Views: 2926

Re: walking shoes with wide toes?

I am back with my trail running recommendations. A lot of trail runners specifically advertise their roomy toe box. I prefer Merrill Trail Gloves, but there are more traditional options with that roomy toe box, as well.
by sailaway
Thu Apr 08, 2021 10:31 am
Forum: Personal Investments
Topic: Family with 4 little humans: chances of retiring/financial independence
Replies: 70
Views: 7077

Re: Family with 4 little humans: chances of retiring/financial independence

If you would like to retire early in 20 years and have financial independence, then I think you can simplify down to the following: Save & invest 50% of your annual gross income every year. I don’t feel like doing math, but isn’t 50% what they usually recommend to people who want to FIRE in 10 ...
by sailaway
Wed Apr 07, 2021 11:56 pm
Forum: Personal Consumer Issues
Topic: Definition of one more year (OMY).
Replies: 41
Views: 3759

Re: Definition of one more year (OMY).

For us, it means we have achieved our stated goals, but don't feel particularly confident about our ability to predict the next few decades, either in terms of the economy nor our desires as we age. I imagine this is harder for high income and for particularly young retirees. Each year still makes a...
by sailaway
Wed Apr 07, 2021 10:43 pm
Forum: Personal Finance (Not Investing)
Topic: Why would a condo assn own some of the units?
Replies: 4
Views: 778

Re: Why would a condo assn own some of the units?

I have seen condos that have a guest unit that owners can reserve for guests, for a fee, of course.
by sailaway
Wed Apr 07, 2021 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: 401k " to do" when leaving job
Replies: 6
Views: 1139

Re: 401k " to do" when leaving job

Has the Vanguard solo 401k started accepting rollovers? Their standard plan did not accept rollovers when I was looking into it.
by sailaway
Wed Apr 07, 2021 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Can I early retire from my corporate job?
Replies: 48
Views: 7930

Re: Can I early retire from my corporate job?

Can you do it? Yes, no problem. However, I would question your plan in so far as it regards the youngest. At many schools, dorms close over breaks and often over the summer term. You will need to have a plan for them during those weeks, whether that is flying them to Asia severe times a year or putt...
by sailaway
Wed Apr 07, 2021 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Tax bill split between spouses
Replies: 81
Views: 4276

Re: Tax bill split between spouses

I would just consider the taxes owed (or refund) as the bill and split that according to the normal ratio. that, as others have pointed out, is unfair to the lower earning spouse... since in reality MFS would yield a tax bill roughly in the ratio of 10:1 compared to a earnings ratio go 4:1... In th...
by sailaway
Wed Apr 07, 2021 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Tax bill split between spouses
Replies: 81
Views: 4276

Re: Tax bill split between spouses

I would just consider the taxes owed (or refund) as the bill and split that according to the normal ratio.