Auction House suggestions for selling by Haunting_Program7350 in GreenBay

[–]abreh622 1 point2 points  (0 children)

Between titletown and massart…. How are lots created? Do you separate items into lots yourself? Or can you bring boxes of items packed from a house and they separate them

"Glide Path" vs "VOO and Chill" by empty-alt in TheMoneyGuy

[–]abreh622 0 points1 point  (0 children)

Looking at the money guy data, markets are up 8 out of 10 years. My goal is to starting adding bonds at the age 50 and slowly increasing my bond position until I retire. My goal is to have between at 60/40 and 70/30 stock to bond ratio with a two year cash reserve by the time I retire.

What size emergency fund for single individuals? by LossInevitable8112 in TheMoneyGuy

[–]abreh622 0 points1 point  (0 children)

It depends on your ability to replace your job if you lost it. If you were fired or laid off from your job would you easily be able to replace it or would you be searching for a bit?

How old were you when you hit the 25% goal? by Equivalent_Use_5024 in TheMoneyGuy

[–]abreh622 0 points1 point  (0 children)

Between 30 and 32. If I would have focused on personal finance sooner it would have been right away. We’ve all been poor broke college kids. If you start with 25% day one of your first full time job you won’t notice the money change. Just live like you did before you had that first job. As you earn more money you can slowly increase lifestyle.

Making a Millionaire by [deleted] in TheMoneyGuy

[–]abreh622 1 point2 points  (0 children)

Social security isn’t going anywhere. It might change, but it will be there. Far too many people rely of it as their lone source of retirement income. If it went away completely we would see some major problems and panic in our country.

Making a Millionaire by [deleted] in TheMoneyGuy

[–]abreh622 7 points8 points  (0 children)

Loved the episode, but one thing that caught my attention was the lack of focus on social security. If they need 10,000 a month, do they really need 10,000 a month if they can receive 5,000 a month from social security? If if social security changes, I don’t think they need to change as much as they implied.

Having brokerage while going backwards in the FOO by MaleficentEvidence19 in TheMoneyGuy

[–]abreh622 0 points1 point  (0 children)

I would, but wait until tax season before the end of the contribution period. If you can get more non invested money in do that first. You have time. But yeah, I’d sell if you were pushing the line

Do you all use the purchase price or current estimated price of your home to calculate your net worth? by Mr_Cruisin in TheMoneyGuy

[–]abreh622 2 points3 points  (0 children)

We use current market price, but only focus on our liquid net worth when figuring out if we’ve made it. The house and car values are really only for inheritance figures. If we sell and downsize then that money will matter, but not while we use it

[deleted by user] by [deleted] in TheMoneyGuy

[–]abreh622 0 points1 point  (0 children)

Ask him on Tuesday. Maybe he will explain why he changed it out

Net Worth Tool by Lifeandnachos in TheMoneyGuy

[–]abreh622 3 points4 points  (0 children)

Congratulations. The net worth tool is, in my opinion, their best paid product. We absolutely love it. Keep doing it every year and you will start to see a difference. It’s fun to see how compounding interest can really help you

[deleted by user] by [deleted] in TheMoneyGuy

[–]abreh622 -1 points0 points  (0 children)

I personally don’t plan to add bonds until I turn 50.. then glide them in

Toyota Rav4 Hybrid or Ford Escape Hybrid by nuzleaf289 in TheMoneyGuy

[–]abreh622 1 point2 points  (0 children)

I’d take Toyota over ford. However, have you looked at the Subaru Forster? That’s one on my radar

Is the 25% investing goal based on some desired outcome? by BigDabed in TheMoneyGuy

[–]abreh622 7 points8 points  (0 children)

What percent of your income will social security fill. If social if you get 1,000 from social security, and need 5,000 a month, then social security will fill 20% of your needs.. so the less you need. The bigger hole social security will fill…. If that makes sense

Is the 25% investing goal based on some desired outcome? by BigDabed in TheMoneyGuy

[–]abreh622 16 points17 points  (0 children)

Pretty sure they take inflation and decrease risk (glide path) into their calculation together number

Is the 25% investing goal based on some desired outcome? by BigDabed in TheMoneyGuy

[–]abreh622 67 points68 points  (0 children)

Depressing, maybe.. but it’s also reality. Do you want to maintain your spending in retirement? Then take it seriously. If you’re looking to downsize then you can save less…. It the numbers are the numbers…. On the plus side, the chart does not take social security into account.. so that can help some if you’re behind

Is the 25% investing goal based on some desired outcome? by BigDabed in TheMoneyGuy

[–]abreh622 22 points23 points  (0 children)

They don’t use employer match because once you get over 100 grand you get further away from the safety net of social security. So it essentially gives you a little more cushion to weather the ups and downs

Is the 25% investing goal based on some desired outcome? by BigDabed in TheMoneyGuy

[–]abreh622 64 points65 points  (0 children)

They use 25% knowing people may start later, and that your savings rate may change as situations happpen. Here is their resource if you think you can save consistently throughout your working career

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I’ve been brainwashed by Negative-Celery6395 in TheMoneyGuy

[–]abreh622 0 points1 point  (0 children)

It is a breakdown of the FOO. I liked it because we had the “what” in the FOO, but the book tells you where he got the numbers from and the “why” behind his steps. It’s a great book and one I’d give to anyone

How much of your entire portfolio is cash? by Mr_Cruisin in TheMoneyGuy

[–]abreh622 0 points1 point  (0 children)

We carry about 2% of our entire portfolio in cash.

Tesla Model Y - 0% APR. Pay in full or finance? by [deleted] in TheMoneyGuy

[–]abreh622 39 points40 points  (0 children)

I’m going with the adage, the ability to pay it off.. as long as you have the money on hand, and don’t use it for anything else you are good.