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greg24

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.

greg24

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.

greg24

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.

greg24

I think the best time to spend a half million dollars is when the process is described as a "feeding frenzy".

greg24

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...

greg24

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.

greg24

"Buy and Hold is the best answer for most investors" says greg24

greg24

Ignore it forever.

greg24

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 ...

greg24

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,...

greg24

Strive to maximize life satisfaction.

greg24

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...

greg24

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...

greg24

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...

greg24

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...

greg24

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 (...

greg24

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. ...

greg24

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...

greg24

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.

greg24

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...

greg24

Some do outperform.

Index investors outperform roughly 75% of investors by capturing market return at the lowest cost.

greg24

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% ...

greg24

Are you listing the 4000 as a traditional IRA? That would put you over the limit.

greg24

If you are still on a 6, an SE2 will work just fine for your needs, and has a great price.

greg24

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.

greg24

We have what we feel is a comfortable amount of cash on hand.

greg24

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.

greg24

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.

greg24

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

So far, so good.

greg24

politics

greg24

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...

greg24

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.

If this is your emergency fund, having 6k of it in a liquid asset like the MM makes sense.

greg24

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.

greg24

Did the shrubs previously pass the house inspection?

greg24

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...

greg24

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...

greg24

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.

greg24

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...

greg24

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?

greg24

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?

greg24

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 ...

greg24

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...

greg24

Show the kids that hard work, a little luck, and wise investing allows you to retire at 45.

greg24

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.

greg24

Equities are richly valued.

Bonds are yielding almost zero.

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

greg24

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...

greg24

The easiest thing you can do to right-size your finances is to drive a vehicle forever.

greg24

A lot of people on this board have umbrella insurance.

Most people do not.

greg24

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.

greg24

Pay it back as quickly as possible.

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