Search found 732 matches

by 260chrisb
Thu Apr 08, 2021 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Reached a milestone: $500K in Retirement Accounts
Replies: 48
Views: 10244

Re: Reached a milestone: $500K in Retirement Accounts

Very well done and congrats!! Don't be surprised if you're back here in 4-5 years after reaching the 1M milestone.
by 260chrisb
Thu Apr 08, 2021 2:21 pm
Forum: Personal Investments
Topic: How to lose the desire of outperforming the market?
Replies: 112
Views: 6992

Re: How to lose the desire of outperforming the market?

Hey BH community. Quick backstory: I'm 30 years old and started investing in November 2019. Had some bad luck with my timing (invested most of my assets at the peak back then), but it turned out quite fine. At the beginning I was convinced that SCV could boost my returns, so I added it right from t...
by 260chrisb
Tue Apr 06, 2021 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Old employer closed my 401K and withheld taxes
Replies: 16
Views: 1697

Re: Old employer closed my 401K and withheld taxes

My old employer closed my old 401k, withheld taxes, and sent me a check for the balance. How can I get my money back that was withheld for taxes? How does this affect my tax liabilities? Can I still roll over the full amount (balance plus what was withheld for taxes? Did you have a pretty small bal...
by 260chrisb
Tue Apr 06, 2021 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Old employer closed my 401K and withheld taxes
Replies: 16
Views: 1697

Re: Old employer closed my 401K and withheld taxes

My old employer closed my old 401k, withheld taxes, and sent me a check for the balance. How can I get my money back that was withheld for taxes? How does this affect my tax liabilities? Can I still roll over the full amount (balance plus what was withheld for taxes? Did you have a pretty small bal...
by 260chrisb
Mon Apr 05, 2021 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Another Mortgage payoff question
Replies: 20
Views: 1308

Re: Another Mortgage payoff question

Thank you all for responses. When it comes to 401k I don't make as much as a lot of people on here, I make around 70-85k/year depending on amount of bonus and OT. I find it a tough pill to swallow to put 25% plus or minus of gross into 401k right off the top. I get that it saves taxes now, but I wi...
by 260chrisb
Mon Apr 05, 2021 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Another Mortgage payoff question
Replies: 20
Views: 1308

Re: Another Mortgage payoff question

I know this question comes up all the time but everyone's situation is different, so its not a one size fits all answer. I'm about to turn 31 in a few days and the only debt I have is $161,000 owed on the mortgage at 3.375% with 29 years remaining. I have $100,000 in cash available, if I throw that...
by 260chrisb
Mon Apr 05, 2021 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else see drastic increase in Zillow value today?
Replies: 132
Views: 12585

Re: Anyone else see drastic increase in Zillow value today?

I don't see the value of tracking this unless you're getting ready to sell. I'm not sure how to take Zillow except with a grain of salt maybe. I just looked and according to them my home is worth about 300K more than I paid for it 5 years ago. Ya, I think I'd move maybe.....or not! The market is hot...
by 260chrisb
Sun Apr 04, 2021 12:44 pm
Forum: Personal Consumer Issues
Topic: Oil change interval for low-mileage vehicles
Replies: 172
Views: 22641

Re: Oil change interval for low-mileage vehicles

Find a new mechanic! There will be 213 different opinions on this. If you cover 4000 miles a year and are worried about it, change it. Once a year is fine. I have many cars and none of them see a lot of miles except my daily driver which I change every 6-7000 miles. The others; every couple years in...
by 260chrisb
Thu Apr 01, 2021 10:00 am
Forum: Personal Investments
Topic: Starting with nothing.
Replies: 28
Views: 7733

Re: Starting with nothing.

Don’t feel overwhelmed, we all started somewhere. My real investment journey started with reading The Bogleaheads Guide to Investing. The process seems daunting at first, but it’s true what everyone says here, you can invest for yourself. My suggestion is to follow the suggested format to post your...
by 260chrisb
Mon Mar 29, 2021 9:15 am
Forum: Personal Finance (Not Investing)
Topic: 200k Where do I put it for 12 months
Replies: 23
Views: 2634

Re: 200k Where do I put it for 12 months

At 2% currently I would leave it right where it's at. Not saying you should build now but what makes you think material costs will be lower in a year? Seems to me that there is no slowdown in home building.
by 260chrisb
Sat Mar 20, 2021 2:50 pm
Forum: Personal Investments
Topic: Inherited IRA, taxes, and gifting to kids
Replies: 9
Views: 678

Re: Inherited IRA, taxes, and gifting to kids

So if I understand correctly you can't transfer funds from a traditional inherited IRA to your kids or anyone to avoid paying taxes yes?
by 260chrisb
Sat Mar 20, 2021 7:54 am
Forum: Personal Investments
Topic: Inherited IRA, taxes, and gifting to kids
Replies: 9
Views: 678

Re: Inherited IRA, taxes, and gifting to kids

Sorry; this is a non Roth.
by 260chrisb
Sat Mar 20, 2021 7:52 am
Forum: Personal Investments
Topic: Fisher is Contacting Me?
Replies: 24
Views: 2327

Re: Fisher is Contacting Me?

anon_investor wrote: Sat Mar 20, 2021 7:46 am
260chrisb wrote: Sat Mar 20, 2021 7:45 am Ken Fisher's net worth is 5.5B. Wonder why??
High AUM fees? :twisted:
BINGO!! :D
by 260chrisb
Sat Mar 20, 2021 7:50 am
Forum: Personal Investments
Topic: Inherited IRA, taxes, and gifting to kids
Replies: 9
Views: 678

Inherited IRA, taxes, and gifting to kids

I have a friend with an inherited IRA who is under the impression he can transfer money from it to his kids and avoid him or they from paying taxes on it. I've never heard of this or heard of any way to gift proceeds from an IRA that would avoid taxes. Thoughts?
by 260chrisb
Sat Mar 20, 2021 7:45 am
Forum: Personal Investments
Topic: Fisher is Contacting Me?
Replies: 24
Views: 2327

Re: Fisher is Contacting Me?

Ken Fisher's net worth is 5.5B. Wonder why??
by 260chrisb
Thu Mar 18, 2021 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Is an Emergency Fund Really needed in our case?
Replies: 60
Views: 5528

Re: Is an Emergency Fund Really needed in our case?

Being able to pay off an emergency quickly is nice, being able to do it instantly is better. Do you need it? No, you probably don't. Bottom line is it's a very small percentage of your net worth, it doesn't need to be larger, and if it were me, I'd be able to get over the fact that this portion isn'...
by 260chrisb
Thu Mar 18, 2021 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Not sure what to do with an auto accident where my vehicle was struck
Replies: 31
Views: 2560

Re: Not sure what to do with an auto accident where my vehicle was struck

Update: I contacted Geico about diminished value claims and of course at first their adjuster tried to feed me the line "we're going to bring your car back to the condition it was before the accident so you will be made whole". I then mentioned that a cursory search on the internet shows ...
by 260chrisb
Thu Mar 18, 2021 8:10 am
Forum: Personal Consumer Issues
Topic: What is the BEST thing you spent money on?
Replies: 242
Views: 23585

Re: What is the BEST thing you spent money on?

It's impossible to say that my home and my retirement accounts were not the best thing I spent money on. That said and those aside; my vintage '80s Porsche 911 3.2 Carrera is the best thing I've ever spent money on. Every time I drive it or even look at it I think the same thing; this thing is just ...
by 260chrisb
Tue Mar 16, 2021 4:07 pm
Forum: Personal Investments
Topic: How much do you weigh your homes value in your retirement portfolio?
Replies: 106
Views: 8332

Re: How much do you weigh your homes value in your retirement portfolio?

I don't consider my home, or should I say home equity since it's not all mine yet, as part of my retirement portfolio or frankly as an investment at all. I consider it a means of forced savings, a means to build wealth, and firstly a place to live. It has become a good investment but only if I sell ...
by 260chrisb
Wed Mar 03, 2021 10:42 am
Forum: Personal Investments
Topic: How to invest Emergency fund money?
Replies: 22
Views: 2005

Re: How to invest Emergency fund money?

I don't know why you couldn't use that. I never use the word "investment" and "emergency fund" in the same sentence. To me they are not one in the same, but I digress. You're retired so the assumption is you've got a solid stream of income. The minimum buy in is 50K so the quest...
by 260chrisb
Wed Mar 03, 2021 9:37 am
Forum: Personal Investments
Topic: How to invest Emergency fund money?
Replies: 22
Views: 2005

Re: How to invest Emergency fund money?

I don't know why you couldn't use that. I never use the word "investment" and "emergency fund" in the same sentence. To me they are not one in the same, but I digress. You're retired so the assumption is you've got a solid stream of income. The minimum buy in is 50K so the questi...
by 260chrisb
Tue Mar 02, 2021 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: health insurance in retirement - suggestions ?
Replies: 20
Views: 1482

Re: health insurance in retirement - suggestions ?

You're well on your way to some good advice but remember; you can use HSA funds for COBRA. For me, it's going to be my most affordable option in the first 18 months of retirement. Your HR/Benefits admin can get you a quote.
by 260chrisb
Wed Feb 24, 2021 8:04 pm
Forum: Personal Investments
Topic: 401k issues
Replies: 30
Views: 1381

Re: 401k issues

One of our plans has fees around 0.4% at the low end (plenty over 1%) and it has thousands of employees. One plan added funds with <0.1% ER funds but also added “administrative fees” at the same time. Have not bothered to figure out what the total fees are since it would not impact my actions. Hang...
by 260chrisb
Wed Feb 24, 2021 7:46 pm
Forum: Personal Investments
Topic: 401k issues
Replies: 30
Views: 1381

Re: 401k issues

This is my first post, but I’ve been reading these forums on and off for years. I feel like most of you are way more knowledgeable than me though. I’m 40, and I’ve been with my employer since I was 29 in 2010. My company is very small and only has 4 employees at this point. The company never had a ...
by 260chrisb
Wed Feb 24, 2021 12:48 pm
Forum: Personal Consumer Issues
Topic: which snow blower ?
Replies: 103
Views: 7572

Re: which snow blower ?

Simplicity 7522 series single stage.
by 260chrisb
Wed Feb 24, 2021 12:46 pm
Forum: Personal Investments
Topic: Help me fire my financial advisor :)
Replies: 34
Views: 5070

Re: Help me fire my financial advisor :)

Welcome to the forum. Fire your advisor? Perhaps. You should be MY advisor! :D Without knowing the AUM fees it's difficult to say but you're 33 with 2.5M including 500K in a Roth. Very well done. These are mind blowing numbers at your age or at any age (I wonder how someone could have 500K in a Roth...
by 260chrisb
Tue Feb 23, 2021 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Best decision(s) in your financial life
Replies: 167
Views: 13372

Re: Best decision(s) in your financial life

Buying my house. For me, not buying my house until later in life was one of my best financial decisions. Frankly I think simply paying attention to saving during my peak earning years, being disciplined, having a long term approach, and realizing I could do without a good portion of my income did w...
by 260chrisb
Mon Feb 22, 2021 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Most "vanguard like" HSA provider
Replies: 51
Views: 4646

Re: Most "vanguard like" HSA provider

I am in the process of transferring my company provided HSA (quarterly fees, etc) to Fidelity. Take a look at their offering. Care to elaborate on this? How? Have you left the company? What are the options to move an HSA? I've looked at mine as something I'll transfer when I retire no different tha...
by 260chrisb
Mon Feb 22, 2021 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: I don't need renters insurance, do I?
Replies: 37
Views: 1671

Re: I don't need renters insurance, do I?

I would say yes you do! I rented for over 30 years and had renters insurance the last 26 of them. Renters insurance was the cheapest insurance I think I ever purchased. Regardless of what you think the value of your possessions like furniture are, look around your place. Computers, desks, beds, lamp...
by 260chrisb
Sun Feb 21, 2021 6:18 pm
Forum: Investing - Theory, News & General
Topic: Asset Allocation & Inexperience During Bear Markets
Replies: 72
Views: 3234

Re: Asset Allocation & Inexperience During Bear Markets

I know lots of people ignore last March but in my mind it was a bear market just like any other. See what you did then and evaluate accordingly. I was 100% allocated to VTSAX in March and didn't even have an emergency fund. I spooked super fast and sold 6 months worth of expenses out of a brokerage...
by 260chrisb
Sun Feb 21, 2021 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Going From Employer/COBRA Insurance to ACA
Replies: 20
Views: 1017

Re: Going From Employer/COBRA Insurance to ACA

At mid-year, we will exhaust COBRA coverage during the middle of a month. It's my understanding that ACA policies begin on the first of a month. What are people doing when insurance ends in the middle of a month? Do we need to find some type of gap policy? If so, where would we look? All you hear a...
by 260chrisb
Sat Feb 20, 2021 9:12 am
Forum: Personal Consumer Issues
Topic: Global Entry Interview conditional approval (365 day clock)...
Replies: 42
Views: 3950

Re: Global Entry Interview conditional approval (365 day clock)...

According to this link, its now 485 days, and all offices are now closed till Aug 10th. If you had an appt prior to that date, it will need to be rescheduled. I have an appt in about a week, and have not received a cancellation email yet. https://www.cbp.gov/newsroom/national-media-release/cbp-post...
by 260chrisb
Fri Feb 19, 2021 7:57 am
Forum: Personal Investments
Topic: Roth IRA withdrawals
Replies: 9
Views: 989

Re: Roth IRA withdrawals

The first one is with an advisor and of course her second one is not. Perhaps some consolidation (away from the adviser) would be helpful...??? Why isn't the adviser answering her questions? Isn't she paying for that? Regards, Yes, I agree consolidation is in order. My guess is she doesn't want the...
by 260chrisb
Thu Feb 18, 2021 8:20 pm
Forum: Personal Consumer Issues
Topic: Saving on Basic Car Maintenance? Prepaid Plans?
Replies: 15
Views: 1481

Re: Saving on Basic Car Maintenance? Prepaid Plans?

3 oil changes for $100 sounds expensive... unless you live in NYC or something. Ever owned a Porsche or BMW?? :D Actually 30 bucks for an oil change isn't a bad deal for most cars! I'm not aware of any prepaid plans but would guess one could buy a package of them at one of the quick oil change plac...
by 260chrisb
Thu Feb 18, 2021 8:13 pm
Forum: Personal Investments
Topic: Roth IRA withdrawals
Replies: 9
Views: 989

Re: Roth IRA withdrawals

If a person is 59.5 and has funded a Roth IRA but hasn't had it open for 5 years are earnings taxable if they are withdrawn? Important point on that 5-year clock: it starts with that individual's first contribution to any Roth IRA , so the earnings could potentially be qualified even if this Roth I...
by 260chrisb
Thu Feb 18, 2021 7:53 pm
Forum: Personal Investments
Topic: Roth IRA withdrawals
Replies: 9
Views: 989

Re: Roth IRA withdrawals

If a person is 59.5 and has funded a Roth IRA but hasn't had it open for 5 years are earnings taxable if they are withdrawn? Yes. See colorful table at the bottom of this wiki page: https://www.bogleheads.org/wiki/Roth_IRA Regards, Thanks! I didn't scroll down far enough to see that colorful table....
by 260chrisb
Thu Feb 18, 2021 6:19 pm
Forum: Personal Investments
Topic: Roth IRA withdrawals
Replies: 9
Views: 989

Roth IRA withdrawals

If a person is 59.5 and has funded a Roth IRA but hasn't had it open for 5 years are earnings taxable if they are withdrawn?
by 260chrisb
Thu Feb 18, 2021 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: 401k (TSP) 2021 contribution question
Replies: 4
Views: 290

Re: 401k (TSP) 2021 contribution question

If it's that big of a deal for you to max out the plan maybe stick around for another month until you do. Congrats!
by 260chrisb
Tue Feb 16, 2021 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Spending HSA contributions for non medical
Replies: 21
Views: 1532

Re: Spending HSA contributions for non medical

Yes, you can, if you're past age 65. However, if you do, it's a taxable distribution and you will have to pay income tax on that money. (Also, if you do so prior to age 65, you'll pay a penalty.) Thanks! I should have been clearer on the question; is there ever a time that you can use them for non ...
by 260chrisb
Tue Feb 16, 2021 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Spending HSA contributions for non medical
Replies: 21
Views: 1532

Spending HSA contributions for non medical

Seems I've read something about this. Is there ever a time when HSA contributions can be used for non medical spending?
by 260chrisb
Sun Feb 14, 2021 11:25 am
Forum: Personal Investments
Topic: Recouping lost time in investing, possible?
Replies: 32
Views: 3142

Re: Recouping lost time in investing, possible?

Well, certainly 23K is generally a lot of money but is it really and what is it as a percentage of your overall wealth and why does it need to be invested at all? Seems to me when the market crashes most people wish they had less exposure (read cash) to the markets. Certainly no way to make up for l...
by 260chrisb
Sat Feb 13, 2021 7:46 pm
Forum: Investing - Theory, News & General
Topic: The premise of the "emergency fund" is flawed
Replies: 559
Views: 32910

Re: The premise of the "emergency fund" is flawed

I don't think the premise is that flawed and it's very dependent on where you are in life and in saving. I've always looked at it as security in the event of a job loss. Those days are nearly gone for good but the 6 months or so with liquidity will likely remain. If you have a high net worth or a hi...
by 260chrisb
Fri Feb 12, 2021 6:55 pm
Forum: Personal Investments
Topic: Decide 401k or Roth 401k
Replies: 25
Views: 1861

Re: Decide 401k or Roth 401k

Welcome to the forum. Remember; if you choose the Roth you are choosing both as the company match goes to the traditional.
by 260chrisb
Fri Feb 12, 2021 8:19 am
Forum: Investing - Theory, News & General
Topic: What happens if you retire using the 4% rule and the market crashes 40%+ the next week
Replies: 113
Views: 8790

Re: What happens if you retire using the 4% rule and the market crashes 40%+ the next week

My "rule" is to have 2-3 years of yearly anticipated expenses not subject to the market at all times from here on out and am not concerned with a withdrawal rate and hope to be able to weather market downturns. Hopefully we don't see extended periods (2-4 years) of down markets that would ...
by 260chrisb
Wed Feb 10, 2021 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Keeping a cool head during manic times.
Replies: 20
Views: 1835

Re: Keeping a cool head during manic times.

Relax my friend you're 31. You're going to be fine. What makes you think you won't become rich? How do you even define rich? Keep doing what you're doing, have a long term outlook, don't get caught up in the noise of what your friends are doing, understand your risk tolerance, and keep investing in ...
by 260chrisb
Tue Feb 09, 2021 8:21 am
Forum: US Chapters
Topic: Why A Good Boglehead Must Leave The Bogleheads Forum
Replies: 180
Views: 18299

Re: Why A Good Boglehead Must Leave The Bogleheads Forum

I am leaving the Bogleheads forum -- a departure likely to be permanent. However, before I leave I wanted to share why I am doing so with my fellow Bogleheads. To keep this actionable , I'd like you to consider the following passages as food for thought as to whether or not you should leave this fo...
by 260chrisb
Mon Feb 08, 2021 8:12 pm
Forum: Personal Investments
Topic: Should I invest in 401k with no employer match?
Replies: 36
Views: 2106

Re: Should I invest in 401k with no employer match?

BTW; nice 401K plan! Wow.
by 260chrisb
Mon Feb 08, 2021 8:09 pm
Forum: Personal Investments
Topic: Should I invest in 401k with no employer match?
Replies: 36
Views: 2106

Re: Should I invest in 401k with no employer match?

Yes, you're 24 and you make 140K a year and have an emergency fund. Even in NY that's good money. Learn to live without some of it for the tax benefits, get used to the discipline of saving for the long run, and forget about the match for now. Open a Roth as well as a HSA and fund them to the best o...
by 260chrisb
Sat Feb 06, 2021 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: How do you plan for retirement if all the sims are wrong?
Replies: 123
Views: 8012

Re: How do you plan for retirement if all the sims are wrong?

I think so much of it assumes you're going to leave some as a legacy. I'm not and I've never worried about a 4% rate of withdrawal. I of course am not yet retired but get back to the same question; why will the future be so much worse than the last 25-30 years that you saved during for retirement? I...