Search found 8588 matches

by bloom2708
Thu Apr 22, 2021 12:03 pm
Forum: Personal Investments
Topic: Any strategies to ensure children keep Roth until retirement
Replies: 42
Views: 2411

Re: Any strategies to ensure children keep Roth until retirement

Gifted money is not earned income and can't be contributed to an IRA. If she earns $3,000 over the summer. Saves $1,000 and dad gives $1,000 match, she can put $2,000 in. The gift does not matter. If she earns $1,000 over the summer. Saves $1,000 and dad gives $1,000 match, she can only put $1,000 ...
by bloom2708
Thu Apr 22, 2021 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: What to do if I’m not good at my job but I’m paid well?
Replies: 35
Views: 3386

Re: What to do if I’m not good at my job but I’m paid well?

Be fast and accurate. If you make a mistake, learn and do not make that mistake again. Apply that mistake to other areas. To succeed in most companies you have to be fast and accurate. Slow and accurate doesn't usually fly long. Fast and error prone doesn't usually fly long. Slow and error prone is ...
by bloom2708
Thu Apr 22, 2021 9:22 am
Forum: Personal Consumer Issues
Topic: 2015 Lexus ES 300h - 12V Battery Issue?
Replies: 11
Views: 508

Re: 2015 Lexus ES 300h - 12V Battery Issue?

If there is an after market auto-start product installed, those are common battery drain add ons. I would just replace the battery and not lose anymore mental energy over it. You should be able to drive with the temporary tag, so not sure why the car is stuck. Charge the battery and drive it to the...
by bloom2708
Thu Apr 22, 2021 9:21 am
Forum: Personal Investments
Topic: Any strategies to ensure children keep Roth until retirement
Replies: 42
Views: 2411

Re: Any strategies to ensure children keep Roth until retirement

Too much 'Helicoptering'.

Imagine your kid is 55 and not yet retired and you are dead (sorry, just an illustration) and she needs to take $5k of Roth out for something.

Match if you want. Or don't.
by bloom2708
Wed Apr 21, 2021 12:41 pm
Forum: Personal Consumer Issues
Topic: Sell or Hold Used Car and Buy New?
Replies: 24
Views: 1609

Re: Sell or Hold Used Car and Buy New?

Taking out a car loan for a new car and saving for are home down payment are competing priorities.

I would keep driving the Civic. Best to have some saved money for the next car purchase.
by bloom2708
Wed Apr 21, 2021 10:20 am
Forum: Personal Investments
Topic: Taxable account - index funds vs. mutual funds
Replies: 5
Views: 490

Re: Taxable account - index funds vs. mutual funds

Mutual Fund or ETF is the type of fund. Your fund is a total market index fund. It tracks an index that approximates the total market. A mutual fund can be an active fund or follow and index An ETF can be an active fund or follow an index I think you are good. Your dividend will likely be short of 2...
by bloom2708
Wed Apr 21, 2021 10:15 am
Forum: Personal Consumer Issues
Topic: 2015 Lexus ES 300h - 12V Battery Issue?
Replies: 11
Views: 508

Re: 2015 Lexus ES 300h - 12V Battery Issue?

If there is an after market auto-start product installed, those are common battery drain add ons. I would just replace the battery and not lose anymore mental energy over it. You should be able to drive with the temporary tag, so not sure why the car is stuck. Charge the battery and drive it to the ...
by bloom2708
Tue Apr 20, 2021 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Did a cash out refi for college funds, but now need some direction
Replies: 15
Views: 1055

Re: Did a cash out refi for college funds, but now need some direction

What happens if you put the $150k in an ETF and it drops to $75k?

Now you owe $150k and don't have the college money.

I'd keep 80% "safe" and 20% max in stocks index funds.

Things could really go sideways and with college you have a 5 year window. Not long enough to expect recovery.
by bloom2708
Tue Apr 20, 2021 10:55 am
Forum: Personal Finance (Not Investing)
Topic: How Long Would You Stay in a Boring Government Job?
Replies: 110
Views: 6501

Re: How Long Would You Stay in a Boring Government Job?

In my view, 33 is way too young to saddle oneself with a job that you hate. And it’s doesn’t even pay that well in grand scheme of things, especially in Law. I was getting at the idea that maybe the problem is working 2 jobs. Working at lunch, Wed evenings and some weekends is more than 1 job. How ...
by bloom2708
Tue Apr 20, 2021 10:39 am
Forum: Personal Finance (Not Investing)
Topic: How Long Would You Stay in a Boring Government Job?
Replies: 110
Views: 6501

Re: How Long Would You Stay in a Boring Government Job?

If you work 8-4 at job 1, what hours do you work job 2?

Weekends and evenings?

It is tough when you fill all/most of your non-sleeping time with work. Work < Non-work.

Maybe quit the second job and get some hobbies outside of 8-4. :D
by bloom2708
Tue Apr 20, 2021 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Credit card consolidation question
Replies: 6
Views: 358

Re: Credit card consolidation question

Would not the Costco Visa make more sense? 4% on gas. 2% at Costco. 1% for most other things. 3 cards is not too many today. We have 4 and use 3 quite a bit. 1 is not used except for a purchase now and then. Costco Visa (got $490 for Costco) Amazon Prime Visa (5% on Amazon and 5% on recurring bills)...
by bloom2708
Mon Apr 19, 2021 1:51 pm
Forum: Personal Investments
Topic: Investment Advice
Replies: 3
Views: 250

Re: Investment Advice

Keep renting. If/when you have a kid, you still have ~5 years before schools come into the picture. What you appreciate now might completely change when a kid or 2 arrive. Stay flexible. A lot can change quickly. It sounds like you are way ahead of the game savings wise. That will give you options d...
by bloom2708
Mon Apr 19, 2021 12:19 pm
Forum: Personal Consumer Issues
Topic: How long does it typically take to get used to a new mattress?
Replies: 29
Views: 1550

Re: How long does it typically take to get used to a new mattress?

I didn't realize (or perhaps forgot) that buying a mattress is so complicated. I hear you. It isn't complicated unless you don't sleep well for whatever reason. Firm, soft, sag, changing. I'd try different pillows and see if it breaks in. It can take a couple weeks. Don't give up too soon. These ar...
by bloom2708
Mon Apr 19, 2021 12:12 pm
Forum: Personal Consumer Issues
Topic: How long does it typically take to get used to a new mattress?
Replies: 29
Views: 1550

Re: How long does it typically take to get used to a new mattress?

Perhaps memory foam is not for me. I went through a similar experience with a pillow, paid over $30 for a memory foam pill, which I thought would help with my occasional neck pain. I could not get used to it and returned it. Perhaps I will need to find a regular medium firm mattress without the mem...
by bloom2708
Mon Apr 19, 2021 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Potentially Buying a New Home and Need Guidance
Replies: 30
Views: 1477

Re: Potentially Buying a New Home and Need Guidance

You don't list your ages your combined income. Both might help. If you are willing to take $250k from taxable and pay the tax and selling fees, I think you would be completely fine. You could probably go up some in the mortgage. Calc the selling fees and tax owed. I wouldn't touch the $75k. Add addi...
by bloom2708
Mon Apr 19, 2021 10:56 am
Forum: Personal Consumer Issues
Topic: How long does it typically take to get used to a new mattress?
Replies: 29
Views: 1550

Re: How long does it typically take to get used to a new mattress?

Could a latex layer work on top of a memory foam mattress or does it really need to be an innerspring mattress for it to be most effective? A topper can definitely soften up a too firm mattress. If your hip doesn't sink as much, then too much pillow can create a stiff neck. But if you feel like a t...
by bloom2708
Mon Apr 19, 2021 10:34 am
Forum: Personal Consumer Issues
Topic: How long does it typically take to get used to a new mattress?
Replies: 29
Views: 1550

Re: How long does it typically take to get used to a new mattress?

I would consider your pillow in the mix. Did you continue to use the pillow you slept with on the old mattress? With a new mattress, your hip won't sink in as much. You might need a flatter pillow to keep your body on plane. We have some pillows from Amazon you can zip open and take out or add in st...
by bloom2708
Mon Apr 19, 2021 9:07 am
Forum: Personal Consumer Issues
Topic: downsize or remodel
Replies: 10
Views: 661

Re: downsize or remodel

If the house is more than you need, a remodel doesn't seem prudent. Depending on the remodel you might get 25-50% "back" on updates. They might not be updates the next owner would want. How is the housing market in your area? Might be a good time to sell and a tough time to buy at the same...
by bloom2708
Mon Apr 19, 2021 8:36 am
Forum: Personal Consumer Issues
Topic: swapping honda odyssey to a new one
Replies: 30
Views: 2508

Re: swapping honda odyssey to a new one

What would be the sales tax, registration and fees?

12k miles is barely broken in. Don't just do something, stand there. :)

Maybe put that $2,700 into bitcoin. I am kidding. But, maybe I'm not kidding. :twisted:
by bloom2708
Fri Apr 16, 2021 11:59 am
Forum: Personal Investments
Topic: No Bonds - How risky am I?
Replies: 41
Views: 3286

Re: No Bonds - How risky am I?

You have to ask when stocks are flying high AND after a 30% + correction.

You have to be able to be fine at both times.
by bloom2708
Fri Apr 16, 2021 11:00 am
Forum: Personal Investments
Topic: VWLUX as my bond fund
Replies: 3
Views: 824

Re: VWLUX as my bond fund

The long duration will mean that interest rate changes will equal larger swings in price. Your bond portion could fluctuate in a wider range than you might expect. Tax-exempt funds can act a bit "stock like" during market turmoil. Last March, the Fed stepped in and bought to stabilize thes...
by bloom2708
Fri Apr 16, 2021 10:41 am
Forum: Personal Investments
Topic: Changing bond allocation from 100% BND?
Replies: 8
Views: 1194

Re: Changing bond allocation from 100% BND?

Your proposed changes are reasonable. Stable value funds are not immune to rates changing. Int-Term Treasuries pay less than BND but offer less risk. Rising rates will decrease the price here as well. With a 6.6 duration for BND, you still have a 35-40 year investing horizon likely. It would also be...
by bloom2708
Fri Apr 16, 2021 9:15 am
Forum: Personal Investments
Topic: Help Request for Accounts
Replies: 11
Views: 744

Re: Help needed with account streamlining

I don't see your portfolio as overly complicated. I don't see a lot of overlap. It is well within the scope of reasonable. You maybe don't need 3 kinds of bonds/fixed in taxable, but those are all good choices. CDs are a "safe" choice, but if they help you sleep well, completely fine in th...
by bloom2708
Thu Apr 15, 2021 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Converting to Roth 401k before leaving job
Replies: 1
Views: 222

Re: Converting to Roth 401k before leaving job

Not a good plan.

If you can convert it would be additional income and push you up into a higher tax bracket.

You want to do Roth conversions when income is low. Way down the road.

Leave it where it is and roll it to your new 401k at your new company.
by bloom2708
Thu Apr 15, 2021 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: First child entering college in the fall... need some advice
Replies: 186
Views: 11980

Re: First child entering college in the fall... need some advice

I had hoped to keep the college name/reputation vague because it's not really relevant to the questions I'm asking about advice on arranging my finances to maximize the potential of financial aid in future years - if any is potentially forthcoming. You don't get any financial aid. There, that is se...
by bloom2708
Thu Apr 15, 2021 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Next Steps for Young-ish Newlyweds?
Replies: 11
Views: 985

Re: Next Steps for Young-ish Newlyweds?

For the cash, what part is Emergency Fund/near term spending and what part is house down payment? You do not want to take your cash too low. Owning a house is much more expensive than renting no matter what the base payment suggests. Let's say $40k is house down payment. If you can put 10% down, tha...
by bloom2708
Thu Apr 15, 2021 8:25 am
Forum: Personal Investments
Topic: 529 plan allocation for a 2022 graduate
Replies: 3
Views: 302

Re: 529 plan allocation for a 2022 graduate

I think your choices are reasonable. We got pretty conservative when the kids were 1 year out. Especially if the amount is "enough". If the kid plans on going to an $80k/year school, maybe you want to be 30-50% stocks, but the market gains won't make up shortfalls. More contributions will....
by bloom2708
Wed Apr 14, 2021 1:34 pm
Forum: Personal Consumer Issues
Topic: Offering position to candidate interviewed 7 months ago
Replies: 22
Views: 1188

Re: Offering position to candidate interviewed 7 months ago

Seems like part of the reason LinkedIn exists.

You can message directly in LinkedIn. Good luck!
by bloom2708
Wed Apr 14, 2021 1:20 pm
Forum: Personal Investments
Topic: Planning a MAJOR rebalance of a Rollover 401(k)
Replies: 3
Views: 263

Re: Planning a MAJOR rebalance of a Rollover 401(k)

With that retirement date, today or tomorrow I'd do the re-arranging. No tax consequences in a Rollover IRA or Roth IRA. Those 3 funds are good, broad market funds. I'm a 10-10% international person, especially entering retirement. Others go up to 40-50% international. Look at your portfolio as a wh...
by bloom2708
Wed Apr 14, 2021 12:49 pm
Forum: Personal Consumer Issues
Topic: 2021 Wrangler Rubicon unlimited
Replies: 29
Views: 2199

Re: 2021 Wrangler Rubicon unlimited

Buy a used, older jeep for rock crawling.

You do not want to take a new 2021 for serious rock crawling.
by bloom2708
Wed Apr 14, 2021 11:16 am
Forum: Personal Consumer Issues
Topic: Lawn care question
Replies: 38
Views: 2691

Re: Lawn care question

Pull as many as you can. Mowing spreads weeds. Scotts Weed & Feed granular is a good product. Get a hand or wheeled drop spreader. Overseed and water once weeds are knocked back. You may have to spray individual weeds with lawn safe weed killer if you can't pull them up. Weeds are pretty relentl...
by bloom2708
Wed Apr 14, 2021 10:51 am
Forum: Personal Finance (Not Investing)
Topic: How to estimate how much you can spend?
Replies: 14
Views: 1107

Re: How to estimate how much you can spend?

One easy answer: Quite a bit more than you currently are.

My parents are mid-70s and take pride in their account balances going up every month/year. They save part of their SS and pension checks.

They know what they are doing. They just have no interest in much spending. It happens.
by bloom2708
Tue Apr 13, 2021 5:27 pm
Forum: Personal Investments
Topic: ETFs / mutual funds for crypto currency?
Replies: 5
Views: 524

Re: ETFs / mutual funds for crypto currency?

PayPal isn’t shady. You can buy in PayPal quite easily.

Fees apply.

An ETF at this point would not be the same.
by bloom2708
Tue Apr 13, 2021 12:55 pm
Forum: Personal Consumer Issues
Topic: Help, anyone else use OneDrive?
Replies: 13
Views: 1494

Re: Help, anyone else use OneDrive?

Log on to Onedrive.com and check your Trash folder.

Files that are deleted are not deleted right away.

It is not a backup. It is a sync/mirror service. If you delete from PC A, it "syncs" PC B to that same action.
by bloom2708
Mon Apr 12, 2021 7:24 pm
Forum: Personal Investments
Topic: Alternative to Total Bond?
Replies: 46
Views: 4599

Re: Alternative to Total Bond?

What is “substantial”?

Money market or CD.

I use Int-Term Treasury Index.

If your investment horizon is 6+ years you should be just fine.
by bloom2708
Mon Apr 12, 2021 8:46 am
Forum: Personal Consumer Issues
Topic: What do you do with well worn clothing?
Replies: 39
Views: 3242

Re: What do you do with well worn clothing?

Rags or trash. Well worn is at the end of its life cycle.
by bloom2708
Mon Apr 12, 2021 7:58 am
Forum: Personal Finance (Not Investing)
Topic: Employer covers 90% of Medical Insurance How Does It Work And Worth Getting to 100%?
Replies: 11
Views: 1002

Re: Employee covers 90% of Medical Insurance How Does It Work And Worth Getting to 100%?

I think you need to clarify if you are talking premiums or cost of services. If you have a procedure that costs $10k, you might be on the hook for 10% after the deductible is hit. There is a premium cost (can be known), deductible (known) and then after deductible, 100%, 90%, 80% coverage and a cost...
by bloom2708
Mon Apr 12, 2021 7:40 am
Forum: Personal Investments
Topic: Index ETF or Index Mutual fund for brokerage acct
Replies: 8
Views: 724

Re: Index ETF or Index Mutual fund for brokerage acct

I like the mutual fund because you can buy in amounts, not shares. When I invest I send $500 or $1,000 to taxable. Buying the ETF always leaves the remainder un-invested. If you put $500 in and the share price is $220, you can buy 2 shares, leaving $60 in Settlement. The ETF trades like a stock (pri...
by bloom2708
Fri Apr 09, 2021 2:57 pm
Forum: Personal Consumer Issues
Topic: The Great Swing Set Dilemma
Replies: 56
Views: 4584

Re: The Great Swing Set Dilemma

Do you have a Rainbow dealer in your area?

https://www.rainbowplay.com/

Ours lasted through 3 kids. I gave it away on Craigslist and was still in decent enough shape. Needed a few new parts.

Prices are not for the faint of heart.
by bloom2708
Fri Apr 09, 2021 2:18 pm
Forum: Personal Consumer Issues
Topic: Travel Trailer vs My Pickup Truck: Specs?
Replies: 54
Views: 3362

Re: Travel Trailer vs My Pickup Truck: Specs?

Maybe if you camp in a 10-30 mile circle.

6 cylinder. Too close to the maxes for any real/distance towing for me.
by bloom2708
Fri Apr 09, 2021 1:23 pm
Forum: Investing - Theory, News & General
Topic: Rollover a 401k with combined traditional and Roth?
Replies: 1
Views: 176

Re: Rollover a 401k with combined traditional and Roth?

The pre-tax portion rolls to a Traditional Rollover IRA. The Roth part rolls to your regular Roth IRA. Funds are usually liquidated and checks are sent to the destination broker. Best to work with the place where the funds will end up. Pull the funds. They will contact the current 401k provider. I h...
by bloom2708
Fri Apr 09, 2021 7:54 am
Forum: Personal Consumer Issues
Topic: How do I learn to buy a car?
Replies: 15
Views: 1440

Re: How do I learn to buy a car?

Save some money, find the car you want, find a good enough price, buy the car, don't buy a bunch of add ons.

Find your nearest Subaru dealer. Find a Subaru Crosstrek in the price and color you want, test drive, buy.

Why that car? That is what the magic 8 ball told me. :D
by bloom2708
Thu Apr 08, 2021 1:20 pm
Forum: Personal Consumer Issues
Topic: High demand - sell my 2004 Suburban?
Replies: 7
Views: 704

Re: High demand - sell my 2004 Suburban?

I would keep it unless there are more deferred maintenance/issues that you know of. You put the $4,500 in. You know it by this point and hopefully trust it. Plus the tax and license fees. I always get a little less than I think for my car and pay more than I think for the next car. Reducing my net b...
by bloom2708
Wed Apr 07, 2021 3:09 pm
Forum: Personal Consumer Issues
Topic: The best $10,000 to $15,000 vehicle.
Replies: 42
Views: 3320

Re: The best $10,000 to $15,000 vehicle.

I'd suggest buying a Lexus ES 330 or ES 350. I'd look for an original owner, for sale by owner, inspected, with documented oil changes. Keep the oil changed, they'll run forever. We still have a 2005 Lexus ES 330. 84k miles now. Wow is that a well built car. Just rides so nice and quality. No plans...
by bloom2708
Wed Apr 07, 2021 1:10 pm
Forum: Personal Consumer Issues
Topic: Shoe Choice for a Walker
Replies: 33
Views: 2696

Re: Shoe Choice for a Walker

For walking on smooth surfaces, running shoes that work for you are best. I like supportive and cushioned shoes. If I wear a cushion only with no support structure my feet tell me. Brooks Adrenaline GTS are my go to shoes. Version 20/Version 21 are both fantastic. But, each person has to know what w...
by bloom2708
Wed Apr 07, 2021 9:15 am
Forum: Personal Consumer Issues
Topic: The $2000-$4000 Car :) This made me wealthy so jump on board
Replies: 282
Views: 21175

Re: The $2000-$4000 Car :) This made me wealthy so jump on board

I think a person has to be willing to drive cars with some/bunches issues after 150,000 and especially over 200,000 miles. Clunks and clanks and suspension/shocks/struts that type of area really take a beating. Especially if you are in the rust belt. Parts just disintegrate at times. I can see buyin...
by bloom2708
Wed Apr 07, 2021 9:04 am
Forum: Personal Investments
Topic: Retirement readiness and plan
Replies: 9
Views: 1338

Re: Retirement readiness and plan

Have you used any tools like Firecalc to get a level of confidence? If I divide $110,000 by .04 I get $2,750,000. Basic 4% withdrawal rate. Simple calculation to gauge ballpark. I'd start a spreadsheet and chart your income path to 65 and 70. With one being 10 years younger, that also adds complicat...
by bloom2708
Tue Apr 06, 2021 3:37 pm
Forum: Personal Consumer Issues
Topic: Should I replace 2 or 4 tires?
Replies: 55
Views: 3088

Re: Should I replace 2 or 4 tires?

Buy 4 new. Rotate every oil change.

You may want to have an alignment as part of the tire change. Those are some different wear numbers.

You could probably put the 2 with 5/32 on the back if not AWD. 8.5 is low tread for new.

11/32nd is more standard. Must be high performance tires.
by bloom2708
Mon Apr 05, 2021 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: How to pay for new house
Replies: 3
Views: 741

Re: How to pay for new house

Plan for your house to be 20% more than you think and plan for a stock market slide. How do those two calibrate in?

Building with building materials at near crazy costs. I'd think about it for a while.
by bloom2708
Mon Apr 05, 2021 7:35 pm
Forum: Personal Consumer Issues
Topic: fire pit recommendations
Replies: 33
Views: 3393

Re: fire pit recommendations

Breeo smokeless.

Good quality.