Feed Me Popeyes
| Favorite team: | LSU  |
| Location: | Baltimore, MD |
| Biography: | |
| Interests: | |
| Occupation: | |
| Number of Posts: | 2104 |
| Registered on: | 4/16/2008 |
| Online Status: | Not Online |
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re: Early Retirement
Posted by Feed Me Popeyes on 5/2/16 at 7:20 am
I'm in the process of doing so.
To answer your question, look into the "Roth Conversion Ladder" as explained [link=(http://www.madfientist.com/traditional-ira-vs-roth-ira/)]here[/link]. Between that and a decent balance in taxable accounts, I should have those bridge years between early retirem...
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re: Saving money 101
Posted by Feed Me Popeyes on 9/29/15 at 8:27 am
Make a budget and stick to it. Invest the difference. Calculate your savings rate, then start aiming to bump it up by 1% every month until it hurts.
Go through Vanguard for all non-employer based investment accounts and stick with their ETFs/funds. If you don't prefer Vanguard, be mindful of f...
re: Compact SUV advice?
Posted by Feed Me Popeyes on 8/18/15 at 8:13 am
[quote]the compact SUV category is overpriced, IMHO. Think long & hard about whether you need the cargo capacity, high clearance, etc before you buy. I ended up with a compact hatchback and a sedan....the compact hatch (with rear seat folded down) holds more than most small SUVs, and both cars are...
re: How to utilize a 457B plan?
Posted by Feed Me Popeyes on 8/11/15 at 1:43 pm
The best strategy is to max it out if you can. You will: save an additional $18k pre-tax per year (on top of whatever you do with your 401/403 option), reduce your overall tax burden, and have the ability to withdraw contributions penalty-free at any time post-separation. Win, win, win
457b plan...
re: Which Mortgage Refinance Option
Posted by Feed Me Popeyes on 8/6/15 at 12:58 pm
if you are willing to invest every cent of the ~$2,500 difference in closing costs (and let that investment grow long term) AND you itemize your taxes, option 1
if you invest the difference but you don't itemize your taxes, it's a closer call but still option 1
if you won't invest, option 2
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re: Discussion about retirement spending and how much you should save...
Posted by Feed Me Popeyes on 7/22/15 at 8:44 am
If you're interested in strategies other than the 4% safe withdrawl rate, [link=(http://www.marketwatch.com/story/which-withdrawal-strategy-should-you-use-in-retirement-2015-04-18?page=1)]this[/link] sums up Wade Pfau's scholarly [link=(http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2579123&down...
re: Discussion about retirement spending and how much you should save...
Posted by Feed Me Popeyes on 7/21/15 at 1:00 pm
I've done an absurd amount of research on this topic for my own situation. It's quite interesting.
The 4% rule is often misunderstood. It isn't 4% of the nest egg each year. It is 4% of the amount of your nest egg in the first year, which is then adjusted every year thereafter for inflation ove...
re: any military have TSP info?
Posted by Feed Me Popeyes on 6/22/15 at 11:00 pm
I'm at:
43% C
38% S
15% I
2% F
2% G
Edit: If I didn't have so much allocated to large-cap funds outside of my TSP, I'd probably be around 65% C and 15% S
...
re: .
Posted by Feed Me Popeyes on 5/22/15 at 10:33 am
Assuming the price is right and there are no hidden fees, I feel good about financing pretty much anything at 0%...
re: Choose 1: Retire 15 years earlier or wait till retirement for 2x nest egg
Posted by Feed Me Popeyes on 5/20/15 at 11:44 am
[quote]I feel sorry for yall so interested in retiring so early. A man has to work. Quit being lazy I like my job even though I was in office from 8 to 8 yesterday. [/quote]
you presume to know so much and yet you know so little
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re: Choose 1: Retire 15 years earlier or wait till retirement for 2x nest egg
Posted by Feed Me Popeyes on 5/19/15 at 8:07 pm
Option A
We are 100% pursuing this option right now....
re: Engagement Ring Questions
Posted by Feed Me Popeyes on 5/9/15 at 5:08 am
I went on Amazon and found a few suppliers that were offering the ring I was after, then tracked down those suppliers individually and picked from the most reputable at the price I wanted. Saved about $1k vs. the listed price on Blue Nile and ordering direct ended up being cheaper than the Amazon p...
re: Can I get Euro at a Regions bank?
Posted by Feed Me Popeyes on 4/27/15 at 6:51 am
[quote]Be sure to contact your bank/credit card company in advance of your travel and let them know you will be traveling out of country[/quote]
this
[quote]use his debit card at an ATM on arrival [/quote]
and this
...
re: Where in your house would you hide 2k in cash?
Posted by Feed Me Popeyes on 4/24/15 at 7:56 am
Use this as an excuse to make a book safe :pimp:
[link=(http://www.artofmanliness.com/2010/12/07/how-to-make-a-secret-book-safe/)]LINK[/link]...
re: Student Loan Debt Forgviness
Posted by Feed Me Popeyes on 4/21/15 at 11:33 am
there was a recent thread with plenty of info here: [link=(http://www.tigerdroppings.com/rant/p/56486997/student-loan-repayment-options-explained/)]LINK[/link]...
re: somebody talk me out of this (car related)
Posted by Feed Me Popeyes on 4/16/15 at 1:23 pm
[quote]For 2% I would try to finance the entire thing. [/quote]
...
re: Student Loan Repayment Options Explained
Posted by Feed Me Popeyes on 4/16/15 at 9:00 am
Yeah, that's about what I've found. This from IRS Pub. 970:
[quote]To qualify for tax-free treatment, for the cancellation of your loan, your loan must have been made by a qualified lender to assist you in attending an eligible educational institution and contain a provision that all or part of ...
re: Student Loan Repayment Options Explained
Posted by Feed Me Popeyes on 4/15/15 at 2:19 pm
[quote]Currently doing this, and I printed out the IRS publication that mentions it being tax free. I'm almost 95% sure that when it comes time to write it off someone will drop the ball and issue me a 1099. At which point I will take the position it is not taxable and attach a copy of my IRS public...
re: Student Loan Repayment Options Explained
Posted by Feed Me Popeyes on 4/15/15 at 2:03 pm
deleted
...
re: Is buying a $24k car on $50k salary dumb?
Posted by Feed Me Popeyes on 3/10/15 at 8:32 pm
[quote]Is buying a $24k car on $50k salary dumb?
[/quote]
yes...
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