Search found 3946 matches

by greg24
Tue Apr 20, 2021 4:56 pm
Forum: Personal Investments
Topic: How to think of 529s and asset allocation?
Replies: 11
Views: 970

Re: How to think of 529s and asset allocation?

We have an account for each child, and view them as independent of each other.

We had each account invested 80/20 since they were opened. The oldest is about to go to college, so I downshifted to 60/40.

I don't like investing in funds that change over time, like the target enrollment funds.
by greg24
Tue Apr 20, 2021 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: How Long Would You Stay in a Boring Government Job?
Replies: 109
Views: 6179

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

I think you should revisit the situation in a couple years. Now is a bad time for a major life change. Your perspective may change greatly after the child arrives.

As someone said earlier, maybe the side gig will either flourish or wither, and make the decision for you.
by greg24
Sun Apr 18, 2021 9:14 pm
Forum: Personal Consumer Issues
Topic: Covid Price Surges: Whats good to sell right now?
Replies: 18
Views: 2485

Re: Covid Price Surges: Whats good to sell right now?

Manufacturing drastically slowed down in the past year. The normal product supply is not there.

Which is causing a price squeeze in a lot of areas. I don't know a consistent way to attempt to profit of these moves.
by greg24
Wed Apr 14, 2021 11:35 am
Forum: Personal Finance (Not Investing)
Topic: How foolish is this? [Buying waterfront apartment in Florida]
Replies: 98
Views: 9293

Re: How foolish is this?

I think the best time to spend a half million dollars is when the process is described as a "feeding frenzy".
by greg24
Tue Apr 13, 2021 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: First child entering college in the fall... need some advice
Replies: 186
Views: 11939

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

There are other ways to reduce the price of college. Can she be an RA in the dorms for a couple years? That would be a huge reduction in cost. Are you maximizing your tax efficiency? Can you somehow get your MAGI low enough to qualify for the AOTC? If you save on state taxes on your 529, are you fun...
by greg24
Tue Apr 13, 2021 11:51 am
Forum: Personal Investments
Topic: question about opening a TIAA Brokerage account?
Replies: 23
Views: 1267

Re: question about opening a TIAA Brokerage account?

Your new options are an excellent set of funds.

Are you familiar with TIAA Traditional? It is an excellent fixed income option, you should go on a deep dive about it.
by greg24
Sat Apr 10, 2021 3:02 pm
Forum: Investing - Theory, News & General
Topic: “Buy and Hold No More” says A16Z
Replies: 90
Views: 9127

Re: “Buy and Hold No More” says A16Z

"Buy and Hold is the best answer for most investors" says greg24
by greg24
Wed Apr 07, 2021 3:49 pm
Forum: Personal Consumer Issues
Topic: Gmail asking for birthdate
Replies: 14
Views: 1681

Re: Gmail asking for birthdate

Ignore it forever.
by greg24
Wed Apr 07, 2021 3:10 pm
Forum: Personal Investments
Topic: Family with 4 little humans: chances of retiring/financial independence
Replies: 70
Views: 7234

Re: Family with 4 little humans: chances of retiring/financial independence

I believe retirement at 55-60 is possible. But a lot can happen in 20 years. Your income probably won't continue at the same level for your entire life. Maybe you'll get some nice promotions and raises and make it to FI easier. Maybe you'll suffer a job loss or other setback. I think a fuzzy mental ...
by greg24
Wed Apr 07, 2021 1:56 pm
Forum: Personal Investments
Topic: How to lose the desire of outperforming the market?
Replies: 112
Views: 7255

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

You can outperform most investors by accepting market returns. You have much greater ability to increase the amount you contribute, and minimizing taxes and expenses, than you do in increasing returns. Focus on what you can control. Every time I want to "do something" about my investments,...
by greg24
Tue Apr 06, 2021 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Job Satisfaction vs Maximizing Income
Replies: 87
Views: 5937

Re: Job Satisfaction vs Maximizing Income

Strive to maximize life satisfaction.
by greg24
Tue Apr 06, 2021 8:50 pm
Forum: Personal Investments
Topic: Anxiety/Overthinking
Replies: 35
Views: 2761

Re: Anxiety/Overthinking

You are on a good path. 95%/5% is a good AA for your age. Don't sweat the asset allocation breakdown too much. Going 100% (ish) equities is the largest factor. The AA of that 100% is a small concern. Simple plan: 100% equity. Maximize your contributions. Minimize expenses and taxes. You have time on...
by greg24
Tue Apr 06, 2021 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Anyways to improve financial aid?
Replies: 70
Views: 3695

Re: Anyways to improve financial aid?

Don't let the tail wag the dog. Considering a career change to game the college funding system is extreme. There are a lot of things you can more easily control that will have a larger impact on your bottom line. Take a lot of AP classes. Go to an in-state, reasonably-priced school. Have a job in sc...
by greg24
Thu Apr 01, 2021 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Do you trust the current value of your portfolio?
Replies: 130
Views: 9305

Re: Do you trust the current value of your portfolio?

Of course I trust the value of my portfolio. It is what it is. It isn't a mirage. BUT..... I also understand the stock market could lose 50% of its value at any point. Some would speculate that a market crash is more likely right now than other times. Maybe. Maybe not. This is why I have an asset al...
by greg24
Thu Apr 01, 2021 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Term insurance - free lunch?
Replies: 25
Views: 1963

Re: Term insurance - free lunch?

2. What should be the term? I am thinking 20 years; Northwest is advising 25-30. My reasoning is that my biggest exposure is over the next 10 years. I am hoping in 20 years, we would have a significant saving portfolio to leave for our kids. We bought life insurance at a similar age and similar fam...
by greg24
Wed Mar 31, 2021 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: How much retirement notice to give
Replies: 66
Views: 3666

Re: How much retirement notice to give

Fast forward to today, less than a month from his final day, and they asked him to stay on as a consultant for the rest of 2021. Numbers are not final, but they want anywhere from 10-30 hours a week (depending on projects, some weeks could be 0 hours) and thinking 125%-150% of his old hourly rate (...
by greg24
Wed Mar 31, 2021 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: How much retirement notice to give
Replies: 66
Views: 3666

Re: How much retirement notice to give

A year is too much. If its a small company that you've been with a long time, I can understand giving a long notice, which I would consider 2 to 3 months. There is already a succession plan and replacement in place. A couple months is more than enough. I bet your successor would vote for two weeks. ...
by greg24
Tue Mar 30, 2021 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Which State is counted for In State tuition?
Replies: 55
Views: 2872

Re: Which State is counted for In State tuition?

Northern Illinois University charges the same for out-of-state tuition as they do in-state. Just over $12k per year for tuition and fees. I don't know any real details other than my child received a mailer from them, so I read about it on their web site. https://www.niu.edu/financial-aid/process/cos...
by greg24
Mon Mar 29, 2021 8:51 pm
Forum: Investing - Theory, News & General
Topic: Market crashes. Who causes them?
Replies: 42
Views: 3791

Re: Market crashes. Who causes them?

Sandtrap wrote: Mon Mar 29, 2021 8:49 pm Metaphorically, imagine a herd of Wildebeest panicked in the African plains. What spooked them this time?
animal spirits.
by greg24
Mon Mar 29, 2021 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Remote working situation - questions
Replies: 18
Views: 2039

Re: Remote working situation - questions

My employer sent a memo recently that they are against fully remote because they believe in personal interactions so the future will be a combo of in person and remote. That makes me think they are rather rigid about it. If they recently went out of their way to send out a memo that says they are a...
by greg24
Sat Mar 27, 2021 8:55 pm
Forum: Investing - Theory, News & General
Topic: Lake Wobegon's nefarious sister city
Replies: 31
Views: 3741

Re: Lake Wobegon's nefarious sister city

Some do outperform.

Index investors outperform roughly 75% of investors by capturing market return at the lowest cost.
by greg24
Thu Mar 25, 2021 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: What percentage of net worth in retirement account is "Too much" for early 40s?
Replies: 64
Views: 7128

Re: What percentage of net worth in retirement account is "Too much" for early 40s?

We have 100% of our investments in tax-advantaged accounts. We have a house and cash as our other assets. I don't have a problem with the setup. We can always find ways to get the funds early, and we can withdraw them in a manner to minimize taxes. Right now, we're in the federal 22% and state 8.5% ...
by greg24
Sat Mar 20, 2021 9:06 am
Forum: Personal Investments
Topic: 403(B) and Personal Roth IRA
Replies: 13
Views: 952

Re: 403(B) and Personal Roth IRA

Are you listing the 4000 as a traditional IRA? That would put you over the limit.
by greg24
Thu Mar 18, 2021 11:52 am
Forum: Personal Consumer Issues
Topic: upgrade iphone 6??
Replies: 62
Views: 3837

Re: upgrade iphone 6??

If you are still on a 6, an SE2 will work just fine for your needs, and has a great price.
by greg24
Thu Mar 18, 2021 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Not sure what to do with an auto accident where my vehicle was struck
Replies: 31
Views: 2563

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

Immediately selling the vehicle doesn't make sense. You'd be immediately seeking to "lock in" and sell the diminished value at the highest point in the car's depreciation curve. You are maximizing the loss.
by greg24
Tue Mar 16, 2021 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: What expenses should be part of an emergency fund?
Replies: 37
Views: 2905

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

We have what we feel is a comfortable amount of cash on hand.
by greg24
Sun Mar 14, 2021 2:05 pm
Forum: Personal Consumer Issues
Topic: Baby, Wife & Car
Replies: 44
Views: 3247

Re: Baby, Wife & Car

I'd buy new. Drive it forever. Reduce the number of times you have to buy a car in your life.

We bought a car when our first kid was born, and they're currently driving it to high school. Maybe your child will drive that CRV to school. :)
by greg24
Fri Mar 12, 2021 9:29 am
Forum: Investing - Theory, News & General
Topic: Does it feel bubbly to you?
Replies: 214
Views: 15672

Re: Does it feel bubbly to you?

It does feel super bubbly.

But fixed income is paying super low rates.

My forecast for expected future returns is... cloudy.

So I continue to plow regular purchases into my chosen asset allocation and get on with life.

:sharebeer
by greg24
Mon Mar 08, 2021 10:13 pm
Forum: Personal Investments
Topic: Re: Transitioning
Replies: 6
Views: 751

Re: Transitioning

I've ignored the infrequent requests that I transition to the new platform.

So far, so good. :sharebeer
by greg24
Wed Mar 03, 2021 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Big Raise: What to Do With It
Replies: 45
Views: 3438

Re: Big Raise: What to Do With It

1. We are fully funding our 401K and 403b plans. Starting this summer, my husband will also be eligible for a 457b, which we do not intend to fund. (It cannot be accessed until he dies/retires/separates from service, and I don't love the idea of having an unexpected lump sum distribution on my hand...
by greg24
Tue Mar 02, 2021 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Money market to CD
Replies: 7
Views: 497

Re: Money market to CD

NichtKlein wrote: Tue Mar 02, 2021 9:11 am 6,000 x .005 = $30 interest

Is it worth $30 to you?
The Vanguard MM is yielding .01%, so he'd only gain $29.40 for moving. :D

If this is your emergency fund, having 6k of it in a liquid asset like the MM makes sense.
by greg24
Thu Feb 25, 2021 10:03 pm
Forum: Personal Consumer Issues
Topic: wiFi extenders
Replies: 39
Views: 2182

Re: wiFi extenders

Bought a google mesh system a few years ago, and it instantly solved our wifi problems. Great coverage all over house, garage, and plenty of yard.

Easy to setup, completely trouble free.
by greg24
Wed Feb 24, 2021 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Closing on a house and frost damaged shrubs
Replies: 26
Views: 1979

Re: Closing on a house and frost damaged shrubs

Did the shrubs previously pass the house inspection?
by greg24
Wed Feb 24, 2021 2:17 pm
Forum: Forum Issues and Administration
Topic: What is the deal with "DW"?
Replies: 104
Views: 5543

Re: What is the deal with "DW"?

I hate the terms "DW" "DH" etc. and have literally never heard someone in real life outside of internet forums frequented by the age 40+ crowd refer to someone as "Dear Wife" etc. in my entire existence on this planet. It's obnoxious, patronizing and lazy. I stop readi...
by greg24
Wed Feb 24, 2021 1:42 pm
Forum: US Chapters
Topic: Vanguard Diehards > Bogleheads
Replies: 6
Views: 1476

Re: Vanguard Diehards > Bogleheads

Speaking of the Morningstar forums, I still occasionally go there for TIAA talk. I just noticed a couple days that their login system has totally changed. It looks like free accounts are gone, and only true Morningstar users can post. Does anyone know what is going on with their forums? General M* f...
by greg24
Wed Feb 24, 2021 1:37 pm
Forum: Forum Issues and Administration
Topic: What is the deal with "DW"?
Replies: 104
Views: 5543

Re: What is the deal with "DW"?

Dear Wife
Dear Husband
Dear Son
Dear Daughter

I agree it is a little odd how prevalent this usage is on a forum that doesn't use much slang.
by greg24
Tue Feb 23, 2021 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Policy; Anyone actually made a claim?
Replies: 211
Views: 16057

Re: Umbrella Policy; Anyone actually made a claim?

I did regularly handle umbrella claims. Their frequency is far less, but usually because they’re more catastrophic. Can you give a couple brief examples for the umbrella claims? Fatality car accidents multiple times. Catastrophic, but non fatal accident involving a motorcyclist. The motorcyclist ha...
by greg24
Tue Feb 23, 2021 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Policy; Anyone actually made a claim?
Replies: 211
Views: 16057

Re: Umbrella Policy; Anyone actually made a claim?

jbmitt wrote: Tue Feb 23, 2021 12:31 pmI did regularly handle umbrella claims. Their frequency is far less, but usually because they’re more catastrophic.
Can you give a couple brief examples for the umbrella claims?
by greg24
Sat Feb 20, 2021 10:46 pm
Forum: Personal Consumer Issues
Topic: Email - Gmail or iCloud and does it matter?
Replies: 18
Views: 1999

Re: Email - Gmail or iCloud and does it matter?

I have my own domains, and a lot of the web hosting options are based in eastern Europe.

Or a lot of painful questionable web hosts in the US.

Is my data any better off there than in google cloud?
by greg24
Tue Feb 16, 2021 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance advice
Replies: 23
Views: 1331

Re: Term Life Insurance advice

My net worth is a little over zero, so not a lot saved lol. Just paid off $300k in student loans so there's that. We really don't live an expensive lifestyle except for a $550k mortgage. I read somewhere they recommend 10x your income but that seems excessive so I settled on the $2M plus the $750k ...
by greg24
Tue Feb 16, 2021 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance advice
Replies: 23
Views: 1331

Re: Term Life Insurance advice

Why do you need life insurance? Is there anyone who depends on your future income? Your 400k salary makes it sound like you'd be better off saving up a nest egg than spending on insurance. If you do get term, I'd go 20 years. At your income levels, you'll be financially independent before 20 years a...
by greg24
Mon Feb 15, 2021 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Retire now (45 yrs old) or keep working for the kids?
Replies: 67
Views: 5868

Re: Retire now (45 yrs old) or keep working for the kids?

Show the kids that hard work, a little luck, and wise investing allows you to retire at 45.
by greg24
Sun Feb 14, 2021 8:45 am
Forum: Personal Investments
Topic: Recouping lost time in investing, possible?
Replies: 32
Views: 3153

Re: Recouping lost time in investing, possible?

Start plowing as much money as possible into your chosen asset allocation.

Do everything you can to increase your investment contributions. Find a way to increase your 401k withholding by 1% today.

Just keep adding money to the pot. Ignore the noise. Stay the course.
by greg24
Sat Feb 13, 2021 11:01 am
Forum: Investing - Theory, News & General
Topic: Market valuations? Somethings got to give
Replies: 269
Views: 19021

Re: Market valuations? Somethings got to give

Equities are richly valued.

Bonds are yielding almost zero.

I continue to plow into my chosen AA and reap the rewards.

:sharebeer
by greg24
Tue Feb 09, 2021 3:15 pm
Forum: Investing - Theory, News & General
Topic: Bond yields of 1% mean that 60/40-type allocations are off for almost everyone?
Replies: 96
Views: 8383

Re: Bond yields of 1% mean that 60/40-type allocations are off for almost everyone?

I'm a 60/40 investor. I've let my AA float to more like 65/35, and haven't rebalanced back. The current reality is that we'll have to work harder in the fixed income area. In my 403b, I transferred most of my fixed income holdings to TIAA Traditional, which has a 3% guaranteed return. I've been cons...
by greg24
Tue Feb 09, 2021 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Plan for car
Replies: 33
Views: 2149

Re: Plan for car

The easiest thing you can do to right-size your finances is to drive a vehicle forever.
:sharebeer
by greg24
Sat Feb 06, 2021 11:49 pm
Forum: Personal Finance (Not Investing)
Topic: How do you protect your paid off house?
Replies: 41
Views: 4162

Re: How do you protect your paid off house?

A lot of people on this board have umbrella insurance.

Most people do not.
by greg24
Thu Jan 21, 2021 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Millionaire kids: Do your parents know you’re rich?
Replies: 54
Views: 5035

Re: Millionaire kids: Do your parents know you’re rich?

My parents had not known any details of our finances. We told them when we recently paid off the mortgage, and they were so proud and so happy for us. It makes me feel like I should share more.
by greg24
Wed Jan 20, 2021 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Should I paydown 1% interest family loan?
Replies: 39
Views: 2064

Re: Should I paydown 1% interest family loan?

Pay it back as quickly as possible.
:sharebeer