Search found 630 matches

by Living Free
Wed Jul 28, 2021 7:44 am
Forum: Personal Finance (Not Investing)
Topic: Alternative careers for physician? Tech?
Replies: 37
Views: 3563

Re: Alternative careers for physician? Tech?

I'm curious as to what medical specialty this is - are you comfortable sharing or do you prefer to keep it private?
by Living Free
Fri Jul 23, 2021 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Not All ATM Fees Are Reimbursed By Fidelity (Problem Resolved)
Replies: 33
Views: 2444

Re: Not All ATM Fees Are Reimbursed By Fidelity...

When did you make the withdrawal? My first one that I did with my CMA account took several days at least to get reimbursed; now it happens usually within a day or two.
Also, I believe you need to make sure you do it as a withdrawal from checking when you're using the ATM.
by Living Free
Fri Jul 23, 2021 11:30 am
Forum: Personal Investments
Topic: Recommendations for a 2nd tier emergency fund
Replies: 81
Views: 5848

Re: Recommendations for a 2nd tier emergency fund

After all this great info, I've decided for my "ER/buffer" fund to go with 80k cash in Ally HYSA and 20% in stocks in taxable. For the 20% stock portion should I use VTSAX (Total Stock Market) or VTWAX (Total World Stock Fund)? VTWAX will have more dividends and probably more non qualifie...
by Living Free
Fri Jul 23, 2021 9:19 am
Forum: Personal Investments
Topic: Confused about Large Caps. Talk me out of them...
Replies: 23
Views: 2458

Re: Confused about Large Caps. Talk me out of them...

I can see why you'd have a fondness for the large cap growth stock funds, given large growth has done well lately. But, as you seem to already know, there is no guarantee that will continue, and some concern that it will "revert to the mean." And then in the near future large cap growth mi...
by Living Free
Thu Jul 15, 2021 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Homeowner's Insurance Deductible
Replies: 23
Views: 2532

Re: Homeowner's Insurance Deductible

I have mine set at around $7-8k. I'm a big fan of high deductibles and self insuring for smaller things when feasible. Helps keep the premiums lower and also lowers the risk of being dropped by insurers or having them jack up one's rates.
by Living Free
Mon Jul 12, 2021 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Advice for a young dad? Early-30s family at crossroads
Replies: 38
Views: 3914

Re: Advice for a young dad? Early-30s family at crossroads

One more thing: ... Retirement and investments: ... We max my 401k, max one Roth IRA, and contribute a submaximal amount to a traditional IRA for my wife every year.... Do you get to take the IRA deduction for the wife's traditional IRA? Based upon the following review of the IRS website and your s...
by Living Free
Mon Jul 12, 2021 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Advice for a young dad? Early-30s family at crossroads
Replies: 38
Views: 3914

Re: Advice for a young dad? Early-30s family at crossroads

One more thing: ... Retirement and investments: ... We max my 401k, max one Roth IRA, and contribute a submaximal amount to a traditional IRA for my wife every year.... Do you get to take the IRA deduction for the wife's traditional IRA? Based upon the following review of the IRS website and your st...
by Living Free
Mon Jul 12, 2021 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Advice for a young dad? Early-30s family at crossroads
Replies: 38
Views: 3914

Re: Advice for a young dad? Early-30s family at crossroads

... My next steps and priorities are to: Purchase a 20-year term life policy for myself for either $1M or $1.25M and a smaller policy for my wife. ... I'd do at least $2mm for you and at least $1mm for your wife (it would be more or less impossible for you to raise 3 kids with no daycare/preschool ...
by Living Free
Fri Jul 09, 2021 3:46 pm
Forum: Investing - Theory, News & General
Topic: Tax Sheltered Savings - When to dial it back?
Replies: 57
Views: 6195

Re: Tax Sheltered Savings - When to dial it back?

Do you have a Roth 401k option? Yes - nit because our current tax bracket is so high - I hadn't really focused on it. Maybe I should? I agree with the above comments that Roth 401K contributions would be preferable to taxable contributions from a tax standpoint. Regarding whether tax deferred or Ro...
by Living Free
Fri Jul 09, 2021 3:16 pm
Forum: Investing - Theory, News & General
Topic: Tax Sheltered Savings - When to dial it back?
Replies: 57
Views: 6195

Re: Tax Sheltered Savings - When to dial it back?

Do you have a Roth 401k option?
by Living Free
Wed Jul 07, 2021 8:39 am
Forum: Personal Consumer Issues
Topic: Appliance Protection Plans (Warranty)
Replies: 31
Views: 1355

Re: Appliance Protection Plans (Warranty)

From what I've heard about the home warranty companies on the Clark Howard show, their strategy is to try to drag their feet as much as possible and hope that the client/customer gets frustrated enough to repair it on his own dime. For instance, how many days or weeks would you be willing to go with...
by Living Free
Tue Jul 06, 2021 8:45 am
Forum: Personal Consumer Issues
Topic: how and where to shop for used Toyota Tacoma pickup truck
Replies: 15
Views: 1317

Re: how and where to shop for used Toyota Tacoma pickup truck

not sure where you're located, but a search on autotrader for any distance from brooklyn NY shows the following: https://www.autotrader.com/cars-for-sale/all-cars/rear-wheel-drive/toyota/tacoma/brooklyn-ny-11223?dma=&transmissionCodes=AUT&bodyStyleSubtypeCodes=FULLSIZE_EXTEND%2BCOMPACT_EXTEN...
by Living Free
Wed Jun 30, 2021 7:57 pm
Forum: Personal Consumer Issues
Topic: Movies for kids between 8-12 (not animated)
Replies: 66
Views: 4530

Re: Movies for kids between 8-12 (not animated)

Just wanted to agree with The Princess Bride.
by Living Free
Wed Jun 30, 2021 7:42 pm
Forum: Personal Investments
Topic: Saving for college
Replies: 14
Views: 1253

Re: Saving for college

It's really hard to know exactly how much to put in there. I'm planning to put at least up to 4 years tuition at the state flagship for each of my kids in the 529. I suppose I'll have my taxable account +/- cash flow for the rest (eg possible more expensive undergrad or for graduate school). No stat...
by Living Free
Fri Jun 18, 2021 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a $1M house?
Replies: 11
Views: 1788

Re: Buying a $1M house?

I think that a one million dollar house is ok on a $450k per year income, but not on a $200k per year income. Might end up making you committed to the higher income more stressful job for longer than you'd like.
by Living Free
Fri Jun 11, 2021 9:45 am
Forum: Personal Consumer Issues
Topic: Buying a new car during the chip shortage.
Replies: 34
Views: 3775

Re: Buying a new car during the chip shortage.

I agree with expanding the geographic area of your search. https://www.autotrader.com/cars-for-sale/new-cars/subaru/forester/brooklyn-ny-11223?dma=&searchRadius=0&trimCodeList=FOREST%7C2.5X%20Touring%2CFOREST%7C2.5XT%20Touring%2CFOREST%7CTouring&location=&marketExtension=include&...
by Living Free
Mon May 31, 2021 11:42 am
Forum: Personal Finance (Not Investing)
Topic: How many bank/brokerage/credit card accounts does everyone have?
Replies: 47
Views: 4019

Re: How many bank/brokerage/credit card accounts does everyone have?

I have bank accounts with Wells Fargo and Capital One, and brokerage accounts through Vanguard (taxable) and Fidelity (Roth, tIRA, HSA). I have a 401k that’s administered through work. I have a small account with LendingClub that I’m trying to close out. I have 3 credit cards (Chase, Amex), but I o...
by Living Free
Fri May 21, 2021 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Make extra payments to mortgage vs. refinancing
Replies: 30
Views: 2223

Re: Make extra payments to mortgage vs. refinancing

drk wrote: Fri May 21, 2021 9:34 am
Living Free wrote: Fri May 21, 2021 7:38 am bold added by me. How does re-financing to a lower rate at no cost increase one's principal balance owed?
It doesn't, of course. I could have worded it better: refinancing to a lower rate would increase the share of each payment that goes towards principal.
Gotcha, thanks for clarifying.
by Living Free
Fri May 21, 2021 7:38 am
Forum: Personal Finance (Not Investing)
Topic: Make extra payments to mortgage vs. refinancing
Replies: 30
Views: 2223

Re: Make extra payments to mortgage vs. refinancing

Is anyone else making extra payments in leui of refinancing? Is this a viable strategy, or am I missing a big reason why I shouldn't do this? Those are not alternatives. If you can lower your rate at no-cost, refinancing would increase the principal and lower the interest on your regular payments. ...
by Living Free
Wed May 19, 2021 8:48 am
Forum: Personal Consumer Issues
Topic: Cars -- When and Why Did You Switch from Economy/Practicality to Luxury?
Replies: 211
Views: 15405

Re: Cars -- When and Why Did You Switch from Economy/Practicality to Luxury?

I agree with the above posters re concern about cost of repairs/maintenance. That is the reason that used German luxury cars and land rovers are so cheap. You don't know true suffering until you've had to pay for maintenance and repairs for a high mileage out of warranty German luxury car.
by Living Free
Tue May 18, 2021 4:01 pm
Forum: Personal Investments
Topic: Tax loss harvesting
Replies: 17
Views: 1343

Re: Tax loss harvesting

I have VTI as my primary holding in my taxable account, my Roth, wife's Roth, and my Simple IRA. I was considering tax loss harvesting with VOO if the situation arises. Turning off DRIP and manually reinvesting dividends for VTI in these accounts so as to not accidentally create a wash sale is a bi...
by Living Free
Fri May 14, 2021 9:11 pm
Forum: Personal Consumer Issues
Topic: Honda CRV or Suburu Forrester or other SUV
Replies: 93
Views: 8582

Re: Honda CRV or Suburu Forrester or other SUV

Agree with above recs to definitely check out the Mazda CX5. Car and Driver reviewers loved it, Consumer Reports have Mazda now in the top 3 in reliability. We got a 2016 and are very pleased with it.
by Living Free
Wed May 12, 2021 12:56 pm
Forum: Personal Investments
Topic: Sell SPY to buy VOO advice
Replies: 18
Views: 1517

Re: Sell SPY to buy VOO advice

Sell with the short term loss immediately before it is a gain. Buy a Total Stock Market US ETF (e.g. VTI, SCHB, ITOT, or SPTM) +1 to this. I would sell SPY and buy VTI. Welcome to tax-loss harvesting, OP. Thank you both. To confirm, you're saying to hold both FSKAX in a Roth IRA and VTI in a taxabl...
by Living Free
Wed May 05, 2021 11:53 am
Forum: Personal Consumer Issues
Topic: Toilet Bids
Replies: 53
Views: 4481

Re: Toilet Bids

JPH wrote: Wed May 05, 2021 7:32 am All my toilets are uninsured. I can live with the risk.
Haha. Mine too.
by Living Free
Tue Apr 13, 2021 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: I just became a victim of identity theft - What to do now?
Replies: 20
Views: 1924

Re: I just became a victim of identity theft - What to do now?

Clark Howard has a good page about it: https://clark.com/personal-finance-credit/stolen-identity-id-what-to-do/ . In addition to setting up the credit karma account (which you need to do prior to freezing your credit) and freezing the credit at the 3 bureaus, I've also applied for the IRS pin for th...
by Living Free
Mon Apr 12, 2021 11:50 am
Forum: Personal Investments
Topic: Can you Invest to much?
Replies: 12
Views: 1621

Re: Can you Invest to much?

With the state pension I would ensure that the state is on sound financial footing. I am not sure if folks have had their pensions reduced in the past, though it seems there are a number of states/municipalities that have poor finances.
by Living Free
Fri Apr 09, 2021 9:51 am
Forum: Personal Investments
Topic: new job and new retirement account
Replies: 13
Views: 974

Re: new job and new retirement account

Well, the whole names and expense ratios are not listed, but it seems like you have some good options, with the fidelity 500 index and small index for US stocks, vanguard total international index for stocks, and fidelity bond index for bonds. So should be roughly equivalent to your VTI, VXUS, and B...
by Living Free
Fri Apr 09, 2021 7:27 am
Forum: Personal Investments
Topic: [Vanguard Admiral Shares..or not? See my portfolio]
Replies: 7
Views: 1015

Re: Vanguard Admiral Shares..or not? 🚀⛵ See my portfolio 👀

The target date fund is great. I personally use VTWAX (vanguard total world stock index fund) in my Roth IRA. You might also get some more helpful info if you post in the asking portfolio questions format: viewtopic.php?t=6212
by Living Free
Fri Apr 09, 2021 6:51 am
Forum: Personal Investments
Topic: Portfolio Review & Advice Ahead of First Child
Replies: 6
Views: 635

Re: Portfolio Review & Advice Ahead of First Child

Do you both have long-term disability insurance? 1. Adequate disability insurance for you and spouse I think we're fine without it. As federal employees, we each could go into "disability retirement" and get at least 40% of our salaries going forward. That and/or SSDI should keep us afloa...
by Living Free
Fri Apr 09, 2021 6:46 am
Forum: Personal Consumer Issues
Topic: Family car
Replies: 91
Views: 7971

Re: Family car

I’m looking to buy a family car to transport 5 people including two kids in car seats. My top contenders are Kia Telluride/ Hyundai Palisade. It’s killing me that I’m not only buying a gas guzzler, but about to drop $45k on it. I really thought my next car would be an electric car, but there aren’t...
by Living Free
Fri Apr 09, 2021 6:37 am
Forum: Personal Consumer Issues
Topic: Are you competitive? If so, how do you compete as you get older?
Replies: 46
Views: 3236

Re: Are you competitive? If so, how do you compete as you get older?

I’ve been competitive since birth. Playing sports has always allowed me to scratch that itch, even if it’s just recreational. It’s all very positive in nature and has provided a great mental break from the stressors in life. Despite all efforts, my body is breaking down as I get older. I am still p...
by Living Free
Tue Apr 06, 2021 3:34 pm
Forum: Personal Consumer Issues
Topic: Family car
Replies: 91
Views: 7971

Re: Family car

I’m looking to buy a family car to transport 5 people including two kids in car seats. My top contenders are Kia Telluride/ Hyundai Palisade. It’s killing me that I’m not only buying a gas guzzler, but about to drop $45k on it. I really thought my next car would be an electric car, but there aren’t...
by Living Free
Tue Apr 06, 2021 12:54 pm
Forum: Personal Investments
Topic: Portfolio Review & Advice Ahead of First Child
Replies: 6
Views: 635

Re: Portfolio Review & Advice Ahead of First Child

Questions : Overall... I feel like we're well positioned and just need to keep it up and stick to the plan to succeed financially. Am I missing anything? Is there anything we can better optimize? Am I too optimistic? Seems like you are investing a huge amount each year in a low cost diversified way...
by Living Free
Mon Apr 05, 2021 9:09 pm
Forum: Personal Consumer Issues
Topic: AWD vs 2WD in up state new york
Replies: 53
Views: 3510

Re: AWD vs 2WD in up state new york

I live in NH and drive a Honda Fit with winter tires (Michelin xi3 - actually wish I'd gotten Nokians as I've read reviews that they're the best...maybe next time) and it does totally fine - on one occasion in the 4 years that I've had it I had a very minor struggle getting up my driveway when it wa...
by Living Free
Mon Mar 29, 2021 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Paying Sister for Childcare
Replies: 21
Views: 2046

Re: Paying Sister for Childcare

I agree with the above. I'd do this "above board" and pay her formally. FYI I believe that the typical cost for a full time nanny is like $70-80k per year where I live (northeast), per my colleague who has looked into it. That would be a ridiculous amount of money to pay someone "inf...
by Living Free
Mon Mar 29, 2021 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Paying Sister for Childcare
Replies: 21
Views: 2046

Re: Paying Sister for Childcare

I agree with the above. I'd do this "above board" and pay her formally. FYI I believe that the typical cost for a full time nanny is like $70-80k per year where I live (northeast), per my colleague who has looked into it. That would be a ridiculous amount of money to pay someone "info...
by Living Free
Fri Mar 19, 2021 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Sitting on too much cash? Should we rethink taxable investing?
Replies: 55
Views: 6152

Re: Sitting on too much cash? Should we rethink taxable investing?

Gotcha. Well, glad to hear you've got the ability to max out the 401k and all retirement accounts, that is certainly a great accomplishment. I agree it's better to max out retirement accounts prior to taxable investing. Good luck with the car search when the time comes - hopefully the used car marke...
by Living Free
Fri Mar 19, 2021 12:07 pm
Forum: Personal Investments
Topic: New Person Portfolio Plan - Hello Bogleheads!
Replies: 17
Views: 2112

Re: New Person Portfolio Plan - Hello Bogleheads!

Hello Bogleheads! I'm a recent reader of The Little Book of Common Sense Investing and The Bogleheads Guide to Investing. After doing some planning, I thought I would join this forum and humbly request any feedback (and validation) of my plan! Overview Emergency funds: 1-year (due to low job securi...
by Living Free
Fri Mar 19, 2021 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Sitting on too much cash? Should we rethink taxable investing?
Replies: 55
Views: 6152

Re: Sitting on too much cash? Should we rethink taxable investing?

Hi All, I'm wondering if we should rethink our plan regarding investing in a taxable account. Our plan has always been to first max out my 401k, HSA, and both Roth IRAs so that we are investing in the most tax efficient way, and once that's done we start investing in a taxable account. We are there...
by Living Free
Tue Mar 16, 2021 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Is buying a house in Illinois with 18k property tax a bad financial decision?
Replies: 40
Views: 3516

Re: Is buying a house in Illinois with 18k property tax a bad financial decision?

Kookaburra wrote: Tue Mar 16, 2021 10:24 am More concerning than the property taxes is that almost half your investment portfolio is in Bitcoin :shock:
I agree. OP self describes as financially conservative yet has $665k in bitcoin...I'd gladly realize some gains there if it were me
by Living Free
Mon Mar 15, 2021 9:38 am
Forum: Personal Finance (Not Investing)
Topic: What expenses should be part of an emergency fund?
Replies: 37
Views: 2975

Re: What expenses should be part of an emergency fund?

I'd save up for the large planned expenses separate from the emergency fund.
by Living Free
Mon Mar 15, 2021 9:31 am
Forum: Personal Investments
Topic: 3 Fund Portfolio vs Betterment and Other Questions
Replies: 32
Views: 1728

Re: 3 Fund Portfolio vs Betterment and Other Questions

Questions: 1) Would a three fund portfolio have beaten this? a) If so would I benefit from moving it from selling it and moving into a three fund portfolio or should I just keep up with this and begin a three fund portfolio? I don't know you could look it up on portfolio visualizer. I'd favor getti...
by Living Free
Mon Mar 15, 2021 9:13 am
Forum: Personal Investments
Topic: After tax 401k v. Back door Roth v taxable
Replies: 27
Views: 1464

Re: After tax 401k v. Back door Roth v taxable

I agree that it would be better if you'd post in the asking portfolio questions format. But in general so long as you have enough emergency reserves available to you, you should try to fill up all retirement accounts prior to using a taxable brokerage account. So if you can do the backdoor Roth and ...
by Living Free
Fri Mar 12, 2021 4:13 pm
Forum: Personal Investments
Topic: Asset Allocation - 38 Years Old
Replies: 9
Views: 1078

Re: Asset Allocation - 38 Years Old

Can you do a solo 401k instead of a SEP IRA so that you can do the backdoor Roth IRA? You could probably also max out the full $58k (or whatever it is) for the employer portion of the solo 401k, so that might overall be better in terms of giving you more retirement account "space" so then ...
by Living Free
Tue Mar 09, 2021 10:16 am
Forum: Personal Investments
Topic: [Roth IRA contribution question]
Replies: 13
Views: 1134

Re: OMG not another Roth question please

My wife and I were fairly evenly matched but I brought home the big bucks with $8,752. She brought $5,066. So that's the answer: it must be no more than our EARNED INCOME. No the answer is $7,000 for you and $5,066. Unless the IRS permits a greater contribution, perhaps a spousal IRA contribution ....
by Living Free
Wed Mar 03, 2021 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Big Raise: What to Do With It
Replies: 45
Views: 3620

Re: Big Raise: What to Do With It

Pay off mortgage and invest in a taxable account and invest into the 529s what you think is appropriate. keep maxing out retirement accounts. consider spending more once you've done some of the above to a comfortable level. or consider giving more away. I know you mention that you both think you'll ...
by Living Free
Tue Mar 02, 2021 10:25 am
Forum: Personal Investments
Topic: Would a new joint account be better than individual?
Replies: 6
Views: 480

Re: Would a new joint account be better than individual?

Living Free wrote: Tue Mar 02, 2021 10:24 am Sure that sounds fine. We actually hold ours (edit: taxable and bank accounts) in a revocable trust which we can both access (but we have young children, so that's why - otherwise I'd just do it as a joint account).
by Living Free
Tue Mar 02, 2021 10:24 am
Forum: Personal Investments
Topic: Would a new joint account be better than individual?
Replies: 6
Views: 480

Re: Would a new joint account be better than individual?

Sure that sounds fine. We actually hold ours in a revocable trust which we can both access (but we have young children, so that's why - otherwise I'd just do it as a joint account).
by Living Free
Tue Mar 02, 2021 9:10 am
Forum: Personal Consumer Issues
Topic: Should I buy this 4Runner with my current situation?
Replies: 46
Views: 3533

Re: Should I buy this 4Runner with my current situation?

Thanks for this advice, I'm towing a 1200lb 13' Scamp liekly 6-10 times a year on multi-day trips. I basically save exactly 15% of my income for retirement in Roth/401k, I'm not the biggest saver anywhere else and try to find the right balance between living my life to the fullest and being financi...
by Living Free
Mon Mar 01, 2021 12:34 pm
Forum: Personal Consumer Issues
Topic: Should I buy this 4Runner with my current situation?
Replies: 46
Views: 3533

Re: Should I buy this 4Runner with my current situation?

How much does the trailer weight and how often will you tow it?
I do think spending $30-something grand on a vehicle is too much when one is not maxing out retirement accounts.