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Viewing profile - berg

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berg
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Joined: Tue Jan 01, 2008 4:25 pm
Last visited: Sun Jun 28, 2015 8:42 am
Total posts: 110
[0.12% of all posts / 0.04 posts per day]
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Most active forum: Personal Finance
[ 109 Posts / 99.09% of user’s posts ]
Most active topic: 401K vs. Home Down Payment?
[ 7 Posts / 6.36% of user’s posts ]

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berg Posts

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 Forum: Personal Finance   Topic: convincing my wife to invest more...

Posted: Tue Mar 19, 2013 3:25 pm 

Replies: 15
Views: 2983


Can I make a suggestion? The idea of marriage isn't one where one person explains his superior position, and she goes along. Instead, the couple should set aside an hour for talk. With plans for many more. Really ask her what her financial goals are. And actually listen. You will hopefully get the ...

 Forum: Personal Finance   Topic: convincing my wife to invest more...

Posted: Tue Mar 19, 2013 3:22 pm 

Replies: 15
Views: 2983


Have you tried to calculate how much of a golden egg you would need if you were to retire today at whatever age you desire to do so? For instance, if you want to retire at 60, do you know how much of a nugget you would need? A great question. I do track every penny in mint. So we are on top of wher...

 Forum: Personal Finance   Topic: convincing my wife to invest more...

Posted: Mon Mar 18, 2013 6:49 pm 

Replies: 15
Views: 2983


There is some merit to saving lots. There is some merit to spending now. What you lack is a plan agreed upon by you and the wife. You need goals and priorities. Then you don't have to ask random people over the interwebz for advice. Just my 2 cents. Trying to teach a man to fish rather than giving ...

 Forum: Personal Finance   Topic: convincing my wife to invest more...

Posted: Mon Mar 18, 2013 2:53 pm 

Replies: 15
Views: 2983


Sounds like a good option Vintek. My wife understands compound interest and that it will be worth more in retirement, she just also wants some things like a home renovation as well. I'm on the very conservative side (my father's lack of planning terrifies me), so I want to max as much as possible. I...

 Forum: Personal Finance   Topic: convincing my wife to invest more...

Posted: Mon Mar 18, 2013 1:28 pm 

Replies: 15
Views: 2983


Thanks guys. I guess I wouldn't say we are behind. We have about $105k in retirement accounts, $105k in home equity, and $85k in cash and bonds. I'm 30 and she's 27. So I think we are doing pretty well. But I always feel like we should be maxing out while we can. We don't get another chance to add t...

 Forum: Personal Finance   Topic: convincing my wife to invest more...

Posted: Mon Mar 18, 2013 8:40 am 

Replies: 15
Views: 2983


Hi all - I've been maxing my 401k for a few years now and my wife who is a teacher contributes 11% to her pension fund. I was looking into further investing and came across the backdoor roth (our income is too high for traditional). I'd like to do this, but am having a bit of trouble convincing my w...

 Forum: Personal Finance   Topic: Home renovations

 Post subject: Home renovations
Posted: Wed Mar 13, 2013 6:31 am 

Replies: 7
Views: 2603


My wife and I would like to do a substantial home renovation in 4 to 7 years time. We love our house and neighborhood, so would prefer this to moving. Knowing this, and knowing I'd still max my 401k, should we be saving in a 5 yearish investment (there are some Vanguard funds that do this)? Would it...

 Forum: Personal Finance   Topic: Any reason not to do a backdoor roth ira?

Posted: Wed Mar 13, 2013 6:28 am 

Replies: 1
Views: 743


Hi all - I maxed out my 401k last year and have been saving likely too much cash. My wife is a teacher, so has a pension, though I don't really trust it. I've been reading out the backdoor roth and I'm thinking of doing one for 2012 for her and I via Vanguard. Anything I'm missing not to? Also, we h...

 Forum: Personal Finance   Topic: Buy a car with no downpayment?

Posted: Wed Sep 26, 2012 6:59 am 

Replies: 18
Views: 2954


Quick update -- the car checked-out at my own mechanic. Said he would buy it himself, so I think I'm going to pull the trigger. In terms of financing, sounds like I can get a 1.99% APR with no origination fees. I'm on the fence here. Part of me says just pay cash and get it done with. But if I take ...

 Forum: Personal Finance   Topic: Buy a car with no downpayment?

Posted: Mon Sep 24, 2012 5:56 pm 

Replies: 18
Views: 2954


Thanks guys! All great points. The car seemed to run great and is a certified pre owned. I'll be taking it to my own mechanic in the morning. The dealer told me the owner traded it in for a fast car (a Subaru WRX), which are a bit pricier. Anyway, you are right on the loan -- the 0.9% is only for ne...

 Forum: Personal Finance   Topic: Buy a car with no downpayment?

Posted: Mon Sep 24, 2012 11:19 am 

Replies: 18
Views: 2954


I'm considering buying a slightly used 2012 car for $22,100 w/ tax included. Subaru is offering 0.9% financing for terms of 3 years with no down payment required. I could pay cash or make a large downpayment. However, at this interest rate, would it make sense to take the loan and keep the liquidity...

 Forum: Personal Finance   Topic: what to spend on a car?

 Post subject: Re: what to spend on a car?
Posted: Mon Sep 10, 2012 8:08 am 

Replies: 14
Views: 2066


Ha. Thanks for the story Brad.

I know I don't really need AWD all the time. But I've had some bad winters in Boston and it sounds pretty nice. Plus, I do like to ski and try to head up north a bit...

 Forum: Personal Finance   Topic: what to spend on a car?

 Post subject: Re: what to spend on a car?
Posted: Mon Sep 10, 2012 7:16 am 

Replies: 14
Views: 2066


Sorry if I wasn't clear. I meant I buy a Legacy now.

And in the next few years, she will trade in her car for a small SUV. I couldn't agree more that an SUV isn't needed to have a child, but there are some things in life I choose to let my wife win over my frugalness.

 Forum: Personal Finance   Topic: what to spend on a car?

 Post subject: Re: what to spend on a car?
Posted: Mon Sep 10, 2012 6:06 am 

Replies: 14
Views: 2066


Thanks, a lot of good points. One other thing to add. We're looking to have a baby in the next few years, so think it might be wise not to go for the smallest car. My wife is also hoping to trade in her Honda Accord in a few years for a small SUV (house + babies). I was thinking for now, buy a relia...
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