Search found 35 matches

by Coiled_Snake
Sun Feb 01, 2015 12:19 am
Forum: Personal Finance (Not Investing)
Topic: How to respond when someone asks how much money you make?
Replies: 107
Views: 36517

Re: How to respond when someone asks how much money you make

I am honest.
The amount of lying and deception here is not cool.
by Coiled_Snake
Fri Jan 23, 2015 4:13 am
Forum: Personal Finance (Not Investing)
Topic: Terrible ? but...How hard is it to receive life ins payout?
Replies: 15
Views: 2181

Thanks

Thank you for sharing those details. That is excellent news given the circumstances.
by Coiled_Snake
Fri Jan 23, 2015 3:08 am
Forum: Personal Finance (Not Investing)
Topic: Terrible ? but...How hard is it to receive life ins payout?
Replies: 15
Views: 2181

Terrible ? but...How hard is it to receive life ins payout?

My wife and I finally have life insurance policies. She got nervous and asked me "What do I do if you die to get the money?" Not to be too irreverent, but has anyone here gone through the process? Is it as simple as a phone call to the agent/company? Is there any long drawn-out procedure o...
by Coiled_Snake
Tue Jan 06, 2015 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: How Many Credit Cards do you have?
Replies: 101
Views: 1251620

Just wondering

Where's the option for zero?
by Coiled_Snake
Mon Jan 05, 2015 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: How to break up with an advisor
Replies: 33
Views: 4800

Re: How to break up with an advisor

You seem like a very nice person.

That said, you used much more detail than I would have.

But you have nothing to be guilty about. Congrats on your freedom.

"Life is like a box of chocolates."
by Coiled_Snake
Mon Jan 05, 2015 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Almost made it! From $ -530k net worth to $-9k this yr
Replies: 36
Views: 8381

Re: Almost made it! From $ -530k net worth to $-9k this yr

So did you decide to just pay down your low interest loans first before investing in a taxable account or did you put money in a taxable account? Yes, I did. After maxing all the tax-advantaged I knew about, I learned about a bit more space available but finally went full-throttle on the student lo...
by Coiled_Snake
Sat Jan 03, 2015 2:13 am
Forum: Personal Finance (Not Investing)
Topic: Almost made it! From $ -530k net worth to $-9k this yr
Replies: 36
Views: 8381

Re: Almost made it! From $ -530k net worth to $-9k this yr

If you increased net worth by $521K, you had to use $521K to do it. Surely, MathMan, you understand that I didn't have to spend $1 to earn $1. Investments did some of the lifting too. As well as free employer money. Our family of six has lived in a 500 square foot dry cabin with total expenses of ~...
by Coiled_Snake
Fri Jan 02, 2015 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Help with spouse and finances (read: lots of debt)
Replies: 110
Views: 19207

Happy New Year.

It's a new year, right?
I am glad you got out of an abusive relationship.
You seem to have been doing things responsibly for years; you will reap the fruit of that this year.
by Coiled_Snake
Fri Jan 02, 2015 1:44 am
Forum: Personal Finance (Not Investing)
Topic: Almost made it! From $ -530k net worth to $-9k this yr
Replies: 36
Views: 8381

Re: Almost made it! From $ -530k net worth to $-9k this yr

can you elaborate a bit on your situation? Was this all in 2014? or when did you have negative $0.5M net worth? How did you reach that level of debt? Student loans? What was your income the last 5 years? What is your occupation? This all occurred from Jan 1 to Dec 31, 2014. Debt occurred from stude...
by Coiled_Snake
Wed Dec 31, 2014 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Almost made it! From $ -530k net worth to $-9k this yr
Replies: 36
Views: 8381

That makes total sense.

I have treated them separate to this point based on the time horizon. What an honor to have you comment, Mel. James, I don't feel "worth"-y to really give advice yet. Maybe next year. Haha. But I did move several thousand miles, quadrupled my income, sold a house, read a lot of books and s...
by Coiled_Snake
Wed Dec 31, 2014 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Almost made it! From $ -530k net worth to $-9k this yr
Replies: 36
Views: 8381

Ahh, thanks.

I had not seen it described that way.
Makes sense.

Do you include it as part of your asset allocation portfolio also?
by Coiled_Snake
Wed Dec 31, 2014 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Almost made it! From $ -530k net worth to $-9k this yr
Replies: 36
Views: 8381

Almost made it! From $ -530k net worth to $-9k this yr

I guess I will have to wait one more week. If only I had started earlier than April... Huge thanks to all the Bogleheads here who got me on the path this year. Especially mucho (daily) help from WCI. So happy that I asked and you all responded. *By the way, you don't count 529s in net wealth, right?...
by Coiled_Snake
Thu Dec 18, 2014 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Where to find the cheapest mortgage?
Replies: 30
Views: 8160

Quicken

I can't say it is the cheapest but we used Quicken and they are professional and quick. They do throw in lots of silly little goodies at closing too.
by Coiled_Snake
Mon Aug 11, 2014 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Help with massive debt repayment
Replies: 27
Views: 3685

Re: Help with massive debt repayment

I hear ya.
Paying off $200k myself.
Something not mentioned yet, it appears that you went with a house on the large side. You may want to evaluate all of your spending habits because your family looks to be putting on the pretense of more money than you have.
by Coiled_Snake
Tue Jul 22, 2014 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: 35K maximum retirement contribution a year for a person?
Replies: 16
Views: 1899

Re: 35K maximum retirement contribution a year for a person?

It is a requirement to be a high income earner to contribute to our 457. That means more than the figure you stated. But it could be different for you. Good luck.
by Coiled_Snake
Tue Jul 08, 2014 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: List of Worst financial advice (what not to do):
Replies: 144
Views: 20837

Re: List of Worst financial advice (what not to do):

This is gold. Thank you so much.

sambb, your #3 caused drinks to be sprayed across the table. :o

This list is going to get laminated and prominently displayed.
by Coiled_Snake
Tue Jul 08, 2014 6:48 pm
Forum: US Chapters
Topic: Anchorage, Alaska Local Chapter
Replies: 2
Views: 1946

Re: Anchorage, Alaska Local Chapter

Has this happened?
by Coiled_Snake
Tue Jul 08, 2014 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: List of Worst financial advice (what not to do):
Replies: 144
Views: 20837

List of Worst financial advice (what not to do):

I am new to this board and every day I am excited to share something new I learned here with my wife (and now my children are listening). My wife asked to make a list to put on the refrigerator <for guests to see...they seem to really like to read what we have up> of the "worst financial advice...
by Coiled_Snake
Tue Jun 03, 2014 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Help with the backdoor Roth, please
Replies: 8
Views: 1030

Re: Help with the backdoor Roth, please

a tIRA or a rollover IRA (which are really the same thing) That is exactly what I was confused about. My wife's old employer 401k was moved to this new IRA. But I couldn't distinguish between traditional and rollover. I still don't really see the easy thing to do though. How do I best separate the ...
by Coiled_Snake
Tue Jun 03, 2014 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Help with the backdoor Roth, please
Replies: 8
Views: 1030

Help with the backdoor Roth, please

I am wondering if we screwed up the opportunity to get my wife a backdoor Roth this year. Did a 401k rollover from old employer to a new Vanguard rollover IRA and contributed the max limit last month. Can you help me out how to go about doing this the "right" way so that I can open a tradi...
by Coiled_Snake
Fri May 30, 2014 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off huge student loan vs Investing
Replies: 49
Views: 6954

Advice much appreciated!

Thank you all so much for the information, data, and personal sway. I wanted to let you know that I was led to this site after reading the Dummies series by Eric Tyson and I just received this email directly from him: "Will answer this (without revealing your name of course) on my website and i...
by Coiled_Snake
Thu May 29, 2014 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off huge student loan vs Investing
Replies: 49
Views: 6954

Re: Pay off huge student loan vs Investing

Great point!

Yes, it definitely is forgiven if I die.
by Coiled_Snake
Thu May 29, 2014 6:04 pm
Forum: US Chapters
Topic: Seattle Chapter?
Replies: 122
Views: 26690

Re: Seattle Chapter Dead....

Are there membership dues?
I just joined here yesterday.
by Coiled_Snake
Thu May 29, 2014 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off huge student loan vs Investing
Replies: 49
Views: 6954

Re: Pay off huge student loan vs Investing

So many numbers... So many differing views. 1. Pay it off 2. Don't touch it 3. Go middle ground 4. Let it pay itself off My wife is laughing at me as I pull my hair out. Are there some "core tenets" that Bogleheads agree upon financially? I need to start from the beginning because ya'll ob...
by Coiled_Snake
Thu May 29, 2014 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Pay off huge student loan vs Investing
Replies: 49
Views: 6954

Re: Pay off huge student loan vs Investing

You made lots of sense, hunter. I feel like I have a solid emergency fund and there will be no new tuition bills for the next ten years. We have everything we need. The main thing I am trying to determine is: Do I lose any massive compounding benefits anywhere by just taking the next 12 months payin...
by Coiled_Snake
Thu May 29, 2014 12:16 am
Forum: Personal Finance (Not Investing)
Topic: Pay off huge student loan vs Investing
Replies: 49
Views: 6954

Re: Pay off huge student loan vs Investing

Yes I am.
This payoff benefit weighs into the decision.
The loan forgiveness is at 10 years (120 payments)...not 20.
by Coiled_Snake
Wed May 28, 2014 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off huge student loan vs Investing
Replies: 49
Views: 6954

Re: Pay off huge student loan vs Investing

your figures are right on, jimb.
So what does it mean? :?:
by Coiled_Snake
Wed May 28, 2014 9:07 pm
Forum: Personal Consumer Issues
Topic: Moving to Alaska
Replies: 19
Views: 3399

Where?

Which village are you coming to?
No, there is no specialty equipment except excellent mittens (NOT gloves).
We enjoy it.
by Coiled_Snake
Wed May 28, 2014 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off huge student loan vs Investing
Replies: 49
Views: 6954

Re: Pay off huge student loan vs Investing

You are correct, Lars. The 120 payment loan forgiveness option is on the table, too. But... Do I want to be want to be working full-time for the next 10 years? I highly doubt it. The goal is move on to a different location in about three years. We have wanderlust and travel the world. We are not goi...
by Coiled_Snake
Wed May 28, 2014 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off huge student loan vs Investing
Replies: 49
Views: 6954

Re: Pay off huge student loan vs Investing

ER Doc,
Yep.
I just "joined" your White Coat site. Thanks for establishing the content there!
I have a lot to learn and the options a bit dizzying.
Thanks for understanding.
by Coiled_Snake
Wed May 28, 2014 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off huge student loan vs Investing
Replies: 49
Views: 6954

Re: Pay off huge student loan vs Investing

Wizard has exactly explained what my math brain is telling me... *sigh*
So it really just comes down to getting a higher return than 2%?
I could pay off the 200k in the next 4 quarters but also want to try my hand at letting investments work for me. I am absolutely novice at this.
by Coiled_Snake
Wed May 28, 2014 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off huge student loan vs Investing
Replies: 49
Views: 6954

Re: Pay off huge student loan vs Investing

Thank you for the wiki link, danwhite.

There does not seem to be consensus on this topic. I am glad that I wasn't missing something obvious to make it an easy decision.

Great name, Caduceus! :mrgreen:
by Coiled_Snake
Wed May 28, 2014 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: 1 Year Bogleheadiversary - Before and After Picture
Replies: 70
Views: 15490

Re: 1 Year Bogleheadiversary - Before and After Picture

Ahhhhh!!! This is EXACTLY what I needed to see. Just joined the club one year behind you! THANK YOU. I have lots to learn... didn't understand one-third of the figures you were describing. Thanks for the reading list. And I just posted a question about whether to pay off student loans or not. :oops:
by Coiled_Snake
Wed May 28, 2014 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off huge student loan vs Investing
Replies: 49
Views: 6954

Pay off huge student loan vs Investing

Brand-new to this board and to trying to get out of debt in general. Everything I have read online so far directs me here, so here is my initial go: New job in new location has tripled income to a point where investing/taxes have to be a priority for my family (married/4 kids). Up to this point we h...