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Re: Helping Parents - Retirement Planning

Thanks I sent him a copy of The Bogleheads Guide to Investing a few weeks ago, but his knowledge is pretty good already.
by Banana
Fri Oct 25, 2013 1:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Helping Parents - Retirement Planning
Replies: 3
Views: 637

Helping Parents - Retirement Planning

My early 50's parents are retiring in the next 2-3 years, and they lack a solid plan for financing there retirement (just to get it out of the way we are very close, and my father has asked for my advice). They are on very solid footing financially, but its the details that are lacking. My father cu...
by Banana
Thu Oct 24, 2013 1:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Helping Parents - Retirement Planning
Replies: 3
Views: 637

Re: 457b fund choices - Dodge & Cox/P.I.M.C.O. vs. Index Fun

Hi Bj5816. Those two SSGA funds are fabulous choices. The dividends are just handled differently on some def comp plans. The dividends are actually wrapped into the share price along with all the other gains or losses like capital gains etc. To figure out your dividends you can back out the share ap...
by Banana
Tue Aug 13, 2013 4:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: 457b fund choices - Dodge & Cox/P.I.M.C.O. vs. Index Funds
Replies: 8
Views: 344

Re: How do you order your steak?

I think its more a matter of taste then "right or wrong". I worked at a very nice 4-star steak house in high school. Moving all the way up to cooking some when they had a bit of a exodus in the kitchen. On the recommendation of a very talented Sous-chef I tried the full array of the steakh...
by Banana
Mon Aug 12, 2013 6:34 pm
 
Forum: Personal Consumer Issues
Topic: How do you order your steak?
Replies: 76
Views: 4369

Re: Portfolio review - New job. New strategy?

Hi AFFISHES, We are in remarkably the same situation. I also have been using the Lifestrategy funds, and currently use the TR funds in my 457b plan (PERA same as yours). I like your new plan to break it up, but I wonder if like you said it would be worth having the extra funds. I'd be interested to ...
by Banana
Mon Jul 15, 2013 3:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio review - New job. New strategy?
Replies: 15
Views: 1119

Re: First stock for a twelve year old

I definitely would not buy an individual stock, since this is setting a bad example and not helping the young one to understand the benefits of diversification If the stock doesn't do well, I think it really could illustrate the benefits of diversification. My grandfather bought me and my sister a ...
by Banana
Sat Jun 22, 2013 7:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: First stock for a twelve year old
Replies: 46
Views: 3122

Re: First stock for a twelve year old

A statement from Vanguard or whatever probably isn't going to be very sexy in his mind :) So that's what we want to teach our children--that investing should be sexy? Kevin I don't think that's the point. I think the point is you do want to keep there interest. I doubt many kids would find the bogl...
by Banana
Sat Jun 22, 2013 6:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: First stock for a twelve year old
Replies: 46
Views: 3122

Re: First stock for a twelve year old

I think this is AWESOME. I'm sure someone must have sparked his interest in investing so congrats to you or his parents! I can speak from experience on this one. When I was about that age maybe a little bit younger my dad bought me some shares in USAA first start growth fund. The goal of a fund like...
by Banana
Sat Jun 22, 2013 4:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: First stock for a twelve year old
Replies: 46
Views: 3122

Re: Possible to Get a Positive Return on a Fixer-Upper?

It is one thing to do the work yourself where you can add your time and labor as value but you will be hard pressed to find a fixer upper house that will make you much if you have to hire people to do it. The problem is that there are lots of people that do this for a living or have been doing it f...
by Banana
Fri May 31, 2013 5:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Possible to Get a Positive Return on a Fixer-Upper?
Replies: 18
Views: 1275

Re: Consolidating financial life vs using different banks

I currently use USAA for a lot of there services as well. I have checking/savings/credit card/mortgage/Home and car insurance through them. I used Vanguard for all my investing other then my 457B. I do reevaluate to make sure that USAA is competitive in every market probably twice a year. They are a...
by Banana
Fri May 31, 2013 2:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Consolidating financial life vs using different banks
Replies: 4
Views: 375

Re: Possible to Get a Positive Return on a Fixer-Upper?

I was in a very close situation a year ago, and it has worked out pretty well. I bought well under what I could afford because I thought the prices in my area where crazy.In the price range I wanted to pay was a lot of "fixer-uppers". So I decided to focus on those with the hopes of doing ...
by Banana
Fri May 31, 2013 2:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Possible to Get a Positive Return on a Fixer-Upper?
Replies: 18
Views: 1275

Re: Advisor wants to separate me from my money

I have been talking to a financial advisor who is attempting to woo me from another. Im at the point where I believe i can do this on my own through Vanguard. This advisor is pushing the DFA funds, low cost, a "more pure " form of fund than Vanguard. He said there is a "recasting&quo...
by Banana
Fri May 31, 2013 9:58 am
 
Forum: Investing - Help with Personal Investments
Topic: Advisor wants to separate me from my money
Replies: 24
Views: 2720

Re: Investing for child w/o affecting financial aid?

yes, I've got loads of thoughts, but I'll spare you most of them. A few, though: You're trying to involve an innocent 3 year old in hiding assets. Kids learn from what you do more than from what you say... I think you are way off base. Trying to plan prudently so you can get the most benefit in Fin...
by Banana
Thu May 30, 2013 6:12 pm
 
Forum: Investing - Theory, News & General
Topic: Investing for child w/o affecting financial aid?
Replies: 24
Views: 1487

Re: Investing for child w/o affecting financial aid?

yes, I've got loads of thoughts, but I'll spare you most of them. A few, though: You're trying to involve an innocent 3 year old in hiding assets. Kids learn from what you do more than from what you say... I think you are way off base. Trying to plan prudently so you can get the most benefit in Fin...
by Banana
Thu May 30, 2013 5:10 pm
 
Forum: Investing - Theory, News & General
Topic: Investing for child w/o affecting financial aid?
Replies: 24
Views: 1487

Re: Investing for child w/o affecting financial aid?

Does anyone have any recommendations on the best route to invest money for your child without negatively affecting college financial aid status? If you invested poorly and lost it all, that would not affect financial aid status. Or, I guess you could commit a criminal act and lie about it. Any thou...
by Banana
Thu May 30, 2013 4:37 pm
 
Forum: Investing - Theory, News & General
Topic: Investing for child w/o affecting financial aid?
Replies: 24
Views: 1487

Re: Fund Review - 457b Options

I can't even find a Great West Stable Value Fund on their web site so not sure which one it even is. Here is the great west web site: http://www.greatwestfunds.com/prospectuses-reports.html Looking at some of their other funds they seem to run around 1% for expense ratio. But looking at the pera we...
by Banana
Fri May 24, 2013 11:33 am
 
Forum: Investing - Help with Personal Investments
Topic: Fund Review - 457b Options
Replies: 9
Views: 400

Re: Fund Review - 457b Options

I know nothing about the CO plan, but when the language says "asset-based" fee, that's the wrap fee that goes to the company running the plan. In addition you have the ER of the fund. So, there is most certainly a double layer of fees (in most plans). Generally fund of funds don't have do...
by Banana
Fri May 24, 2013 11:30 am
 
Forum: Investing - Help with Personal Investments
Topic: Fund Review - 457b Options
Replies: 9
Views: 400

Re: Fund Review - 457b Options

My wife is also in the Colorado 457b, it used to have Vanguard options until they changed management. We use the Fixed Income Fund but mainly because we needed more Bonds for our asset allocation. I am also curious what others are using. What I don't like is that they show on their web site ad admi...
by Banana
Fri May 24, 2013 10:36 am
 
Forum: Investing - Help with Personal Investments
Topic: Fund Review - 457b Options
Replies: 9
Views: 400

Fund Review - 457b Options

I've just started a new job, and I'm considering making some changes. I have a lot of Target retirement type funds in my various accounts (TSP, 401ks) as well as as TSM, TBM, and TINT in other funds. I am now looking at maybe switching to just the 3-fund portfolio. I have almost exactly enough inves...
by Banana
Thu May 23, 2013 6:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Fund Review - 457b Options
Replies: 9
Views: 400

Re: Contractor invoice double the estimate, what are my opti

Did you sign a contract? Does it commit you to pay for whatever labor is needed to get the done, regardless of the estimate? Or is it a fixed-price contract? Or is there no contract at all? There is a signed estimate, that constitutes the contract. The estimate only specifies if additional time is ...
by Banana
Fri May 17, 2013 11:54 am
 
Forum: Personal Consumer Issues
Topic: Contractor invoice double the estimate, what are my options?
Replies: 13
Views: 1214

Re: My soon-to-be worst investment ever

Reading through the thread I didnt pick up on the fact that this was 6 years old. I couldnt get over the fact that no one commented on the 6.75% mortage rate!!! I kept thinking there credit must be horrible lol. I was a young airmen back in 2007 not worried about mortage rates. I just bought last ye...
by Banana
Tue May 14, 2013 2:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: My soon-to-be worst investment ever
Replies: 56
Views: 17812

Re: For those who started late.. how did you save for colleg

This whole "paying for my kids college" thing still puzzles me. I am in my mid-thirties now. I got a cash job when I was 15 years old, got a real job at 16 and I worked and saved. I bought a car when I graduated high school, my parents never promised me anything other than that they would...
by Banana
Thu May 09, 2013 4:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: For those who started late.. how did you save for college??
Replies: 28
Views: 2692

Re: Lifestrategy funds

I did a search on the forum to try and find a discussion on the merits of these funds, and was only able to find some information on the funds back when they use to have a portion allocated to discretionary picks. Now that they have changed to a more BH 3-fund approach what do you all think of thes...
by Banana
Fri May 03, 2013 10:04 am
 
Forum: Investing - Help with Personal Investments
Topic: Lifestrategy funds
Replies: 13
Views: 1936

Lifestrategy funds

I did a search on the forum to try and find a discussion on the merits of these funds, and was only able to find some information on the funds back when they use to have a portion allocated to discretionary picks. Now that they have changed to a more BH 3-fund approach what do you all think of these...
by Banana
Thu May 02, 2013 4:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Lifestrategy funds
Replies: 13
Views: 1936

Re: Meet Mr. Money Mustache, the man who retired at 30

I just don't agree. I think the accounting is properly in place. He went down for a business trip and his employer (in this case the person who he was helping) covered his lodging. To me that would not go into a personal budget. Just like I don't put the hotels my company pays for down in mint.com ...
by Banana
Wed May 01, 2013 4:23 pm
 
Forum: Investing - Theory, News & General
Topic: Meet Mr. Money Mustache, the man who retired at 30
Replies: 253
Views: 28090

Re: Meet Mr. Money Mustache, the man who retired at 30

Income does not equal expenses. We are talking about his actual cash budget right? He lived on 25k Cash last year per his budget. He went to Hawaii for a work opportunity I believe. So if my company sends me to training out of state do I include the expense of the hotel that my company pays for in ...
by Banana
Wed May 01, 2013 4:16 pm
 
Forum: Investing - Theory, News & General
Topic: Meet Mr. Money Mustache, the man who retired at 30
Replies: 253
Views: 28090

Re: Meet Mr. Money Mustache, the man who retired at 30

Here is the article: http://www.mrmoneymustache.com/2012/11/18/mustache-on-the-move-wintering-in-hawaii/ Now I'm no expert here, but that seems like a stretch for two reasons: (1) he went down there to work on someone's house - it has nothing, that I can tell, to do with his blog business, which is...
by Banana
Wed May 01, 2013 4:07 pm
 
Forum: Investing - Theory, News & General
Topic: Meet Mr. Money Mustache, the man who retired at 30
Replies: 253
Views: 28090

Re: Meet Mr. Money Mustache, the man who retired at 30

Here is the article: http://www.mrmoneymustache.com/2012/11/18/mustache-on-the-move-wintering-in-hawaii/ He went down to help someone he met online do home renovations. We could debate whether his trade work will wind up on his taxes, but I won't go there. What I do find interesting is that accordi...
by Banana
Wed May 01, 2013 3:47 pm
 
Forum: Investing - Theory, News & General
Topic: Meet Mr. Money Mustache, the man who retired at 30
Replies: 253
Views: 28090

Re: Meet Mr. Money Mustache, the man who retired at 30

You can call him a liar all you want that doesnt make it true. He posts all his spending right on his website. If you choose not to believe it feel free, but again doesnt make him a liar. Would you prefer a term "tax cheat" better then? If not then please explain how Hawaiian lodging is s...
by Banana
Wed May 01, 2013 3:16 pm
 
Forum: Investing - Theory, News & General
Topic: Meet Mr. Money Mustache, the man who retired at 30
Replies: 253
Views: 28090

Re: Meet Mr. Money Mustache, the man who retired at 30

Hawaii vacations, Las Vegas vacations, Toronto vacations, Seattle vacations, .... What badassity are we talking about here? It amazes me that some people criticize others for not living the life. You indicate that MMM is not living as a monk. That is exactly the point. He lives frugally, but he sti...
by Banana
Wed May 01, 2013 3:09 pm
 
Forum: Investing - Theory, News & General
Topic: Meet Mr. Money Mustache, the man who retired at 30
Replies: 253
Views: 28090

Re: Meet Mr. Money Mustache, the man who retired at 30

Hawaii vacations, Las Vegas vacations, Toronto vacations, Seattle vacations, .... What badassity are we talking about here? It amazes me that some people criticize others for not living the life. You indicate that MMM is not living as a monk. That is exactly the point. He lives frugally, but he sti...
by Banana
Wed May 01, 2013 2:59 pm
 
Forum: Investing - Theory, News & General
Topic: Meet Mr. Money Mustache, the man who retired at 30
Replies: 253
Views: 28090

Re: What home gym equipment do you have?

I know you mentioned Kettlebells, and I would highly recommend them in lieu of dumbells. Ive been using just one 35lb kettlebell ever since I got back from Iraq years ago. Same one. I have that and a pull-up bar and its all I've ever needed. Very versatile piece of equipment.
by Banana
Wed May 01, 2013 2:50 pm
 
Forum: Personal Consumer Issues
Topic: What home gym equipment do you have?
Replies: 68
Views: 5492

Re: Meet Mr. Money Mustache, the man who retired at 30

@Noob - do you really think that person you quoted will act the way he thinks he will in 20-25 yrs from now? Don't you think he is at the very least on the right path by starting to save aggressively towards his goal? Exactly. How many first posts on Bogleheads are a young indivudal who got a littl...
by Banana
Wed May 01, 2013 1:24 pm
 
Forum: Investing - Theory, News & General
Topic: Meet Mr. Money Mustache, the man who retired at 30
Replies: 253
Views: 28090

Re: Meet Mr. Money Mustache, the man who retired at 30

You ran the numbers and put his CO2 footprint at 16k on vacations. Like I said in my previous point throw in two working spouses and one vacation a year and you are at 20K CO2 footprint. - There are 7 million people visiting Hawaii / year. Maybe half of them are Americans. Ok, lets make it 60%. So,...
by Banana
Wed May 01, 2013 12:22 pm
 
Forum: Investing - Theory, News & General
Topic: Meet Mr. Money Mustache, the man who retired at 30
Replies: 253
Views: 28090

Re: Meet Mr. Money Mustache, the man who retired at 30

What I am saying is what MMM says is not the same as what MMM does. Lets look at it again: - His family owns 2 cars. Big van and CR-V(? or small van?). In other words, his cars are bigger than the average American cars. - His family transportation costs (including vacations) are higher than average...
by Banana
Wed May 01, 2013 12:06 pm
 
Forum: Investing - Theory, News & General
Topic: Meet Mr. Money Mustache, the man who retired at 30
Replies: 253
Views: 28090

Re: Meet Mr. Money Mustache, the man who retired at 30

Alright, I've got tired of all the hypocrisy of "save the planet with MMM's way" crowd who claims that everyone else but them is destroying the planet, while MMM is punching them in the face to save it. So, I've decided to run the numbers of MMM's family impact on the environment over the...
by Banana
Wed May 01, 2013 10:43 am
 
Forum: Investing - Theory, News & General
Topic: Meet Mr. Money Mustache, the man who retired at 30
Replies: 253
Views: 28090

Re: Meet Mr. Money Mustache, the man who retired at 30

I hate to burst your bubble but that insurance is likely a very low quality plan. Should dire emergencies arise, the insurer will look for ways to limit treatment or deny their responsibility. A good quality plan like that available to large employers will cost $12K just for an individual. With som...
by Banana
Tue Apr 30, 2013 11:59 am
 
Forum: Investing - Theory, News & General
Topic: Meet Mr. Money Mustache, the man who retired at 30
Replies: 253
Views: 28090

Re: Meet Mr. Money Mustache, the man who retired at 30

Herein lies the problem. You make a list of all his work, but fail to realize that "if" his numbers are accurate (which I know you don't agree with, but that's beside the point) then he doesn't have to do anything. He could sell his rental tomorrow not do any more work etc. and he could s...
by Banana
Tue Apr 30, 2013 10:13 am
 
Forum: Investing - Theory, News & General
Topic: Meet Mr. Money Mustache, the man who retired at 30
Replies: 253
Views: 28090

Re: Meet Mr. Money Mustache, the man who retired at 30

This thread has been quite entertaining so to the OP thank you! I do enjoy MMM so I might be a bit bias in saying, but some of these detractors claiming he isn't "really" retired are hilarious. "HE ONCE PICKED UP A PENNY OFF THE FLOOR THATS NOT RETIRED" :oops: You call managing ...
by Banana
Mon Apr 29, 2013 5:11 pm
 
Forum: Investing - Theory, News & General
Topic: Meet Mr. Money Mustache, the man who retired at 30
Replies: 253
Views: 28090

Re: Meet Mr. Money Mustache, the man who retired at 30

This thread has been quite entertaining so to the OP thank you! I do enjoy MMM so I might be a bit bias in saying, but some of these detractors claiming he isn't "really" retired are hilarious.

"HE ONCE PICKED UP A PENNY OFF THE FLOOR THATS NOT RETIRED"
:oops:
by Banana
Mon Apr 29, 2013 12:14 am
 
Forum: Investing - Theory, News & General
Topic: Meet Mr. Money Mustache, the man who retired at 30
Replies: 253
Views: 28090

Re: Mom demands trust be professionally managed

I'd just like to give my 2 cents here after following this thread from the start. I'm amazed that no one has agreed with Leonard he is advocating for a very BH approach. I know I agree with him. The advice given here by most posters to me flies in the face of 99% of the advice I've seen on other que...
by Banana
Fri Apr 26, 2013 4:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Mom demands trust be professionally managed
Replies: 67
Views: 4151

Re: Today Show: Retiring By 40

I love stories like these, and think they can be a very viable and realistic option. I fully plan to retire very early myself. While I don't fully agree with his investing strategy since im a true Boglehead I understand there is more then one way to skin a cat. This is a bit reminiscent of Mr. Money...
by Banana
Wed Apr 10, 2013 6:12 pm
 
Forum: Investing - Theory, News & General
Topic: Today Show: Retiring By 40
Replies: 17
Views: 3399

Re: Early Retire "hopeful"

Thanks for the insight! So it looks like the consensus is to max out the 401k before focusing on taxable. I need to look Into that more. There is lots of positives that have been mentioned already like reducing my taxable income which would be useful since I don't get to much in the way of deduction...
by Banana
Wed Nov 14, 2012 4:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Early Retire "hopeful"
Replies: 13
Views: 901

Early Retire "hopeful"

Emergency funds: 10,000 Online savings account Debt: Mortgage $190,000 3.5% interest 30 year fixed (VA loan no PMI) Tax Filing Status: Single Tax Rate: 25% Federal, 4.63% State State of Residence: CO Age: 25 Desired Asset allocation: 80% stocks / 20% bonds Desired International allocation: 30% of st...
by Banana
Wed Nov 14, 2012 12:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Early Retire "hopeful"
Replies: 13
Views: 901

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