Search found 615 matches

by Living Free
Fri Jun 11, 2021 9:45 am
Forum: Personal Consumer Issues
Topic: Buying a new car during the chip shortage.
Replies: 32
Views: 2832

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: 3702

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: 2048

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: 2048

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: 14255

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: 1255

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: 8004

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: 1441

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: 4295

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: 1846

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: 1587

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: 963

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: 1007

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: 631

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: 7565

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: 3095

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: 7565

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: 631

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: 3403

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: 1994

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: 1994

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: 6120

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: 2074

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: 6120

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: 3394

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: 2965

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: 1670

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: 1409

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: 1059

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: 1114

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: 3500

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: 468

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: 468

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: 3441

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: 3441

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.
by Living Free
Sat Feb 27, 2021 8:38 am
Forum: Personal Consumer Issues
Topic: Which car to sell?
Replies: 16
Views: 1283

Re: Which car to sell?

I agree with above consensus to sell the nissan and keep the lexus.
by Living Free
Wed Feb 17, 2021 10:34 am
Forum: Personal Consumer Issues
Topic: Ski Socks
Replies: 23
Views: 1153

Re: Ski Socks

I've been wearing bombas calf length merino wool socks when snowboarding. I board in NH and VT (just NH this season due to covid) and don't use toe warmers. So they do the job for me.
by Living Free
Mon Feb 08, 2021 4:27 pm
Forum: Personal Investments
Topic: Critique My "Simplified" Portfolio
Replies: 5
Views: 609

Re: Critique My "Simplified" Portfolio

Too much small value for my taste. But I don't tilt at all (well, slight US tilt at 2/3rd US to 1/3 international). Considering one in the future not so much for returns but for diversification across factors. Haven't really decided on which factor yet.
by Living Free
Thu Feb 04, 2021 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: {SOLVED: REFI!} Are we crazy? (4.125% 30y mort, 22.67y left, no plan to refi)
Replies: 71
Views: 7811

Re: Are we crazy? (4.125% 30y mort, 22.67y left, no plan to refi)

A little bit, I think. You could prob pop into a 15 year at 2% and be at very similar monthly payments while shaving off 7 years of loan payments. I'm in TX too, just signed a 2% 15 year and *I got paid* $2500 vs paying anything. My neighbor just locked a rate yest at 2% 15 year where he was out of...
by Living Free
Tue Feb 02, 2021 8:10 am
Forum: Personal Investments
Topic: ITOT/IXUS vs VTI/VXUS & taxable question in Fidelity brokerage
Replies: 7
Views: 755

Re: ITOT/IXUS vs VTI/VXUS & taxable question in Fidelity brokerage

I finally opened a taxable account a couple days ago and I've gone over the board trying to figure the best, most tax efficient fund to put into it. I've come down to ITOT/IXUS or VTI/VXUS to put into my Fidelity brokerage account. For context, one pair will go in taxable and the other pair will go...
by Living Free
Tue Feb 02, 2021 8:04 am
Forum: Personal Investments
Topic: Appropriate target fund date for spousal age discrepancy?....
Replies: 18
Views: 1510

Re: Appropriate target fund date for spousal age discrepancy?....

Living free asked: Another question - if you have to take the RMDs and re-invest them, will you be doing so in a regular taxable brokerage account? Or will the spouse be able to invest all of their money into retirement accounts and then you can just live off the RMDs? I presume you'll start taking...
by Living Free
Mon Feb 01, 2021 5:10 pm
Forum: Personal Consumer Issues
Topic: Car Advice
Replies: 20
Views: 1775

Re: Car Advice

My wife and I own two cars at the moment. 2017 Mazda 6 worth around 12,500 with 40,000 miles and a 2015 Mazda CX-5 worth around 10,000 with 75,000 miles. We have two young kids. Our NW is low 7 figures. We are in our early 30s. Our 2015 is a little outdated for us and we want to upgrade. We would s...
by Living Free
Sun Jan 31, 2021 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Quality Of Life Change After Transitioning To Part Time?
Replies: 28
Views: 1756

Re: Quality Of Life Change After Transitioning To Part Time?

Are you able to try out the part time thing and see how it goes and if you don't like it go back to full time?
by Living Free
Sun Jan 31, 2021 12:43 pm
Forum: Personal Investments
Topic: Appropriate target fund date for spousal age discrepancy?....
Replies: 18
Views: 1510

Re: Appropriate target fund date for spousal age discrepancy?....

Hi - thanks for the replies. We will live off of my wife's income until she retires at age 65 in the year 2035. Of course, I'll have to do the RMD's but those funds will be immediately reinvested. In that case, I suppose I'd use the date when you'll start portfolio withdrawals, which would be you'r...
by Living Free
Sun Jan 31, 2021 11:17 am
Forum: Personal Investments
Topic: robinhood is getting sued - should i get my money out asap?
Replies: 103
Views: 8980

Re: robinhood is getting sued - should i get my money out asap?

Yes, I agree with above comments, transfer to another brokerage. I'm puzzled as to why anyone uses robinhood - seems like there are better options out there, including the big discount brokerages which all offer free trades now.
by Living Free
Sun Jan 31, 2021 11:12 am
Forum: Personal Investments
Topic: Appropriate target fund date for spousal age discrepancy?....
Replies: 18
Views: 1510

Re: Appropriate target fund date for spousal age discrepancy?....

Will you start withdrawing from your portfolio upon your retirement or will you just live off the spouse's income and wait until full retirement for both of you to begin portfolio withdrawals?
by Living Free
Thu Jan 28, 2021 10:24 am
Forum: Personal Consumer Issues
Topic: Should we afford a new Toyota Sequoia?
Replies: 90
Views: 5767

Re: Should we afford a new Toyota Sequoia?

OP, how heavy is your boat? It seems that the Odyssey has enough towing capacity to handle it right now, or you could use the highlander, is that correct? Only buy a vehicle with more towing capacity if you decide you're definitely buying the heavier boat. With 3 kids I'd certainly favor the minivan...
by Living Free
Wed Jan 20, 2021 8:49 am
Forum: Personal Investments
Topic: ETF vs Mutual Fund- Taxable Account
Replies: 10
Views: 1013

Re: ETF vs Mutual Fund- Taxable Account

I can manage to fit the real estate funds into my IRAs and will avoid them completely for taxable monies. My time horizon is 10+, I believe I can continue to live primarily off of my pension during that period, with inflation eventually requiring me to supplement. So growth funds would be the most ...
by Living Free
Wed Jan 06, 2021 8:51 pm
Forum: Personal Investments
Topic: Back after 3 years- lost again
Replies: 13
Views: 4282

Re: Back after 3 years- lost again

Questions: 1) Should I be putting money in a Roth IRA? Yes, I would. If you can afford it then you can cash flow it; if not then spend down some of the taxable assets and contribute to the Roth (effectively moving money from taxable to Roth EDIT - if that wasn't clear I don't mean spend down the ta...
by Living Free
Wed Jan 06, 2021 8:45 pm
Forum: Personal Investments
Topic: Target date funds to index funds
Replies: 19
Views: 3154

Re: Target date funds to index funds

If I didn't have a taxable account I'd very strongly consider just using target date funds, especially if I had access to low cost target date funds in my workplace retirement account. Also your target date funds that you (and your wife) currently use are too expensive. At fidelity I'd recommend the...