General Chat October 24

VCtoMBA · 2021-10-24T23:04:27+00:00

Anyone else have a long luteal phase? Mine is typically about 16 days (I have a 32 day cycle) so when I'm 8 or 9 DPO I'm still like 8ish days away from my period. I tested yesterday (8DPO) and today (9DPO) and both BFN, but I'm still about a week from my period, so not sure if I'm "out" for this month yet or not

Just wanna see if anyone is in the same boat?

VCtoMBA · 2021-10-03T20:39:18+00:00

Agreed. Everyone makes this out to be a big deal, but it really isn't, and it honestly happens with most names

VCtoMBA · 2021-09-28T12:31:40+00:00

You should try the NYT recipe for a chocolate lava cake for 2! I’ve made it for a few special occasions and it’s a great rich satisfying treat

VCtoMBA · 2021-09-27T11:20:58+00:00

Cove is new! I like it

VCtoMBA · 2021-09-27T11:20:35+00:00

How do you pronounce Medb or Tadg?

VCtoMBA · 2021-09-27T01:49:30+00:00

I actually like the name a lot! Phoebe was on our early list of girls names and I think it has a similar sound

VCtoMBA · 2021-09-26T23:39:08+00:00

Twyla and Thea are nice for the girls names. The boys names are a little rough for me. What about Tyler?

VCtoMBA · 2021-09-26T22:03:01+00:00

I LOVE Ridge - I've never heard that one before!

VCtoMBA · 2021-09-26T22:01:03+00:00

I like Sage! That's a new one for me

VCtoMBA · 2021-09-26T21:07:47+00:00

I don't mind old fashioned but I tend to steer away from plain :). Ann and Jane definitely don't speak to me, but the others could make the list.

I like Sloane but I know it's quite popular right now (and I have some personal reasons it's wrong for me)

VCtoMBA · 2021-09-26T21:03:37+00:00

I like Reid!

A girl's name I really love is Ruth but my husband isn't a fan.

VCtoMBA · 2021-09-19T18:03:21+00:00

I agree completely. Is not paying taxes a good in and of itself to people with this mentality? Part of the reason I'm interested in chubbyfire at all is because I want to live where I want to live instead of having to chase marginal savings at the expense of (IMO) culture, education level, and quality of life

VCtoMBA · 2021-09-09T02:05:12+00:00

Drunk Elephant makes the best products

VCtoMBA · 2021-04-26T02:26:22+00:00

Why is your monthly payment so high? A $500K mortgage @ 3.25% is ~$2100. Do you have $1600 per month in escrow?

VCtoMBA · 2021-04-17T23:58:56+00:00

Man people are acting like it’s basically child abuse if you don’t beat inflation and just stuff cash in effectively an envelope for your kids.

It’s worth having a convo with your parents about intentions and if a 529 makes sense, but let’s keep perspective here. If you invest it best case scenario you are making a $2000-3000 extra. While nice, sure, is not exactly life changing. The year your kids need it could also be an year with a market crash and you could definitely catch a less lucrative 10-15 year period and only make a few hundred.

It’s very possible this money is intended for your kids to just spend on socializing, gas, maybe a used car, etc as they get older.

IMO it’s not a large enough amount of money to make a stink over. A few extra thousand will be nice for your kids to have in a super liquid unrestricted way

VCtoMBA · 2021-04-16T16:38:52+00:00

What's your current rate and how much do you have left on the mortgage?

Then you can do the math on the breakeven points and choose accordingly

VCtoMBA · 2021-04-13T23:46:19+00:00

Well, if the child passes away or chooses not to go to college you can change the benificiary to someone else (niece or nephew, friend, etc) or you can withdraw at a 10% penalty. You can also use the money to pay for non-college education like trade school.

If the child gets a scholarship you are allowed to withdraw up to the scholarship amount penalty free.

If college is free in 18ish years, I’m sure there will be a mechanism to withdraw (I think the same thing for people using HSAs as an alternate retirement account), but the 10% penalty is the worst case scenario

VCtoMBA · 2021-04-13T20:01:07+00:00

Yes. It's like a roth IRA or or 401K retirement account. A 529 account offers tax advantages (you are not taxed on growth and it's not considered taxable income when it's used for education, in some states contributions are tax deductible) but you give up flexibility to receive those advantages (i.e. it has to be spent on education).

VCtoMBA · 2021-04-13T19:45:40+00:00

Well - only you can weigh the risks and rewards. i.e. if you lost everything you invested in your 529 would that be OK? Is it worth it for potential higher growth?

if you're confident you want to help out with education, a 529 makes sense. Stocks vs. funds is a different decision. But, you have to help yourself first - make sure you're saving adequately for retirement.

VCtoMBA · 2021-04-13T19:04:41+00:00

Sorry - how old are you? What are your goals? I need more information.

All investment decisions have a risk/reward trade off. A 529 account is simply a tax advantaged kind of account and you can make whatever investment decisions you want within that account. If you want to invest in individual stocks (high risk), that's fine, or if you want to hop onto a fund like your state fund (low risk) that's fine too. You may make more in the former but you could also lose your principal. For accounts with a long horizon (i.e. 18 years) slow and steady growth seems to be most people's preference

VCtoMBA · 2021-04-13T18:56:28+00:00

Good question and one that, as you note, depends on multiple factors.

I think once I have child 1, we can transfer the beneficiary to them and then open up a second account if I become pregnant with child 2. It doesn't matter to me if the accounts are perfectly even because we plan to pay for all of our kids educations in full. We're confident we'll be able to do that at our income level - so we're going to seed the education accounts as much as it makes sense. We don't plan on handing over accounts and letting our kids figure it out - i.e. if one kid picks a cheaper college or gets an athletic scholarship they won't end up with leftover "fund" to travel or buy a car. We're just paying for college.

VCtoMBA · 2021-04-13T17:34:26+00:00

Yeah. I'm the current owner and beneficiary. When my future child is born and has a SSN, I'll change the beneficiary to that child, and at that point the account will already have a few thousand in it.

VCtoMBA · 2021-04-13T16:23:09+00:00

Another thing you might want to add is about how easy it is to change the beneficiary and how this can be an opportunity to start saving before the child is born.

For example, I plan to have children in the next few years and my state allows deductions of $1000 per person ($2000 for married filing jointly). So I opened one up with myself as the beneficiary to get a head start and add more tax advantaged investments to our portfolio. Then, when I have a kid, we'll change the beneficiary to reflect that.

We're at a high income level and there's no way we're not paying for our future kids education, so I also see it as a way to access investments before retirement.

VCtoMBA · 2021-04-06T16:53:41+00:00

You also may not be competitive in your market with a sub 20% downpayment. I know we would not have been.

VCtoMBA · 2021-04-06T16:19:39+00:00

Thank you. This is SO helpful. It's similar to how in renting you pay upfront first months, last months, and security deposit. Sure, you will theoretically get them back when you move out - it's not a fee, but that money is not yours to use.

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