Search found 1220 matches

by Beantown85
Thu Mar 05, 2015 8:43 am
Forum: Personal Finance (Not Investing)
Topic: Roth IRA as e-fund, really? Mortgage lender won't count
Replies: 8
Views: 1334

Re: Roth IRA as e-fund, really? Mortgage lender won't count

Second the suggestion to check with another lender, I seem to remember having Roth funds counted in a refi.
by Beantown85
Wed Feb 25, 2015 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Chinese Drywall (Remediated) - Financing the purchase
Replies: 12
Views: 1336

Re: Chinese Drywall (Remediated) - Financing the purchase

The resale concern is a very good point, and one that should be seriously considered. Even if you do your research and are OK with it, what will potential buyers think if you want to sell?
by Beantown85
Wed Feb 25, 2015 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Lucky, Now what?
Replies: 13
Views: 1706

Re: Lucky, Now what?

Retire now?
by Beantown85
Tue Feb 24, 2015 3:35 pm
Forum: Investing - Help with Personal Investments
Topic: How to compute my retirement amount, and am I saving enough?
Replies: 66
Views: 3855

Re: How to compute my retirement amount, and am I saving eno

So if I focus on just the 401k component, I start out with $26k and it grows to ~$884,200 at age 65 using a basic 4% real return. Then with 4% withdrawal rate, that's a little over $35k/year. Now, how would this get taxed if I stayed in NJ? If I were using http://swz.salary.com/salarywizard/layouth...
by Beantown85
Tue Feb 24, 2015 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: How much did you have saved up for retirement at age 30?
Replies: 173
Views: 15524

Re: How much did you have saved up for retirement at age 30?

1) 215k
2) Can't say for sure yet, but probably.
by Beantown85
Tue Feb 24, 2015 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Max-out Strategy
Replies: 16
Views: 2118

Re: 401k Max-out Strategy

Last year, I was finally in a position to nearly max out my 401k. 2015 will be the first year where I hit the $18k limit with my own contributions. At the beginning of the year, I mapped out the percentage I needed to contribute each pay period to come close to the $18k mark without going over. I c...
by Beantown85
Fri Feb 20, 2015 5:02 pm
Forum: Investing - Help with Personal Investments
Topic: Should you always/usually go with the lower expense ratio?
Replies: 20
Views: 1360

Re: Should you always/usually go with the lower expense rati

Sorry it typed it in backward. I have corrected it. This is a hypothetical situation. These are not real funds. In this hypothetical scenario, I will pretend the actively managed fund is holding the same type of assets as the index (Large Cap Blend, for instance). In that case, I will still definit...
by Beantown85
Fri Feb 20, 2015 4:47 pm
Forum: Investing - Help with Personal Investments
Topic: Should you always/usually go with the lower expense ratio?
Replies: 20
Views: 1360

Re: Should you always/usually go with the lower expense rati

I'm confused. It appears that Fund B has a higher ER, and worse past performance.
by Beantown85
Fri Feb 20, 2015 4:32 pm
Forum: Investing - Help with Personal Investments
Topic: Why don't I see more people arguing for a world portfolio?
Replies: 41
Views: 3437

Re: Why don't I see more people arguing for a world portfoli

At almost 52% of the index with no other country even close to that, I would say the US makes up most of the market worldwide compared to other countries. Interesting. I thought I had remembered the US was about ~40% of the total world market. Apparently my goal of a 50/50 split is even better than...
by Beantown85
Fri Feb 20, 2015 1:33 pm
Forum: Investing - Help with Personal Investments
Topic: Renting in retirement permanently. (Georgia?)
Replies: 9
Views: 1116

Re: Renting in retirement permanently. (Georgia?)

Is there any finacial reason at age 60 not to rent for the rest of our lives? To guard against raising rent prices would be one reason. That isn't to say that costs cannot rise for owning, but are likely more fixed than renting if on a fixed rate mortgage. I know you said you don't see rent prices ...
by Beantown85
Fri Feb 20, 2015 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Pension vs 401K
Replies: 8
Views: 625

Re: Pension vs 401K

I also think 401k matches are fairer than pensions. The impact of inflation almost always means that if you're working for the company at close to retirement age, the pension is worth more than if you're far from retirement age. In other words, working for 10 years for a company between the ages of...
by Beantown85
Fri Feb 20, 2015 1:20 pm
Forum: Investing - Help with Personal Investments
Topic: Factoring lump-sum pension into AA
Replies: 3
Views: 282

Re: Factoring lump-sum pension into AA

How significant is this sum in your expected nest egg in 2045? If you are talking an anticipated $1M+ next egg, I would just ignore it from an AA perspective. Your AA is an inexact science to begin with, not sure this is worth your effort to "correctly" incorporate into your AA.
by Beantown85
Fri Feb 20, 2015 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: When would you retire money no object?
Replies: 64
Views: 4029

Re: When would you retire money no object?

I would retire today. My problem is I would need to figure out what to do in retirement. Agreed. Not working would afford you more time to decide how to spend your time though. Poll options don't make much sense to me, not sure why this would be age based. Don't think the results have any actual me...
by Beantown85
Fri Feb 20, 2015 12:36 pm
Forum: Personal Consumer Issues
Topic: my savings account is high risk!
Replies: 17
Views: 1619

Re: my savings account is high risk!

My concern stems from the thought that when we do need a new vehicle, we will spend more than we need to just because we can. I think I will keep about $20k in the savings account, but I really don't think we will need more than that. If we want to spend more on a car, we would have to cash in some...
by Beantown85
Fri Feb 20, 2015 12:34 pm
Forum: Investing - Theory, News & General
Topic: Ignore the experts but can you invest by consensus?
Replies: 15
Views: 1236

Re: Ignore the experts but can you invest by consensus?

That would imply that "group think" does better than individual experts. I think this type of study has been done. From what I can recall, I think that group think fares pretty well. I want to test whether that is true by trying to come up with "forum consensus portfolios." Isn'...
by Beantown85
Fri Feb 20, 2015 12:24 pm
Forum: Investing - Theory, News & General
Topic: The 8x retirement savings rule
Replies: 83
Views: 8876

Re: The 8x retirement savings rule

As far as expenses are concerned, I'm not sure you need a really accurate estimate of those when you are in your 20's, or maybe even your 30's. At that time it's about saving as much as you can and investing wisely. I don't think I put together a retirement budget estimate until my late '30's, and ...
by Beantown85
Fri Feb 20, 2015 12:10 pm
Forum: Investing - Help with Personal Investments
Topic: In our situation, how much would you put in your 2014 Roths?
Replies: 19
Views: 1322

Re: In our situation, how much would you put in your 2014 Ro

Woah, everyone is saying to max both of them. That's unexpected. And it's extraordinarily scary. Spend $11,000 in one shot? That's coming up on our entire year's budget. Chopping our liquid cash down by that much scares me. Kind of strange, because the thought of our current Roths being 90/10 doesn...
by Beantown85
Fri Feb 20, 2015 12:02 pm
Forum: Personal Consumer Issues
Topic: my savings account is high risk!
Replies: 17
Views: 1619

Re: my savings account is high risk!

When looking at those potential new purchases, you need to remind yourself:

"An elephant for a dime is only a good deal if you need an elephant and have a dime."

Or something like that.
by Beantown85
Fri Feb 20, 2015 11:55 am
Forum: Personal Finance (Not Investing)
Topic: 2 comma club (my way)!!
Replies: 49
Views: 8711

Re: 2 comma club (my way)!!

When I reached $1MM net worth it was anti-climatic. No fireworks went off. I didn't have enough to retire. It was literally just a number. Was a bit depressing actually. You probably didn't post here to get congratulations. Remember that mistake when you hit $2M, don't make it again. Congrats OP!
by Beantown85
Fri Feb 20, 2015 11:53 am
Forum: Investing - Help with Personal Investments
Topic: In our situation, how much would you put in your 2014 Roths?
Replies: 19
Views: 1322

Re: In our situation, how much would you put in your 2014 Ro

The max for both of you. Leave it in cash/money market until you are sure you won't need it for EF, tuition, house downpayment. You can take back withdrawals without penalty. While you won't be gaining any money on this investment, you will have taken advantage of the Roth space. You wouldn't be gai...
by Beantown85
Fri Feb 20, 2015 11:48 am
Forum: Investing - Help with Personal Investments
Topic: Advice on Asset Allocation for parents
Replies: 6
Views: 637

Re: Advice on Asset Allocation for parents

My parents are both semi-retired (Father is 58, mother is 54). About 5 years ago my father gave me $13k to manage for him, and as I've been able to get them modest returns, they've continued giving me more money and I'm now managing ~$125k for them, and they're now prepared to give me another $100k...
by Beantown85
Fri Feb 20, 2015 11:39 am
Forum: Investing - Help with Personal Investments
Topic: Starting a portfolio with large expenses on the horizon
Replies: 7
Views: 791

Re: Starting a portfolio with large expenses on the horizon

Condo seems like a questionable idea for all of the following reason: 1) You aren't sure where, not knowing where he is going to school. Also aren't sure where he will be working after. Short term real estate purchases are usually a total money sink. 2) You aren't married yet. This just complicates ...
by Beantown85
Fri Feb 20, 2015 11:28 am
Forum: Investing - Theory, News & General
Topic: Beyond the Total Int'l Stock Index
Replies: 4
Views: 977

Re: Beyond the Total Int'l Stock Index

These are just a few scenarios I came up with. Now of course, no one knows what will happen, but I'm curious what different approaches people take -- and why -- for their international allocation. Thanks. Same reasons people don't just use Total US Stock Market I imagine...you seemed to hit most of...
by Beantown85
Fri Feb 20, 2015 11:13 am
Forum: Investing - Help with Personal Investments
Topic: Why don't I see more people arguing for a world portfolio?
Replies: 41
Views: 3437

Re: Why don't I see more people arguing for a world portfoli

When I see a lot of people list their portfolios I notice that a lot of it is US-heavy. However US does not make up the most market capitalization from a worldwide perspective. So why is this the case? I suspect this is because there was a time when US stocks were considerably cheaper (fund expense...
by Beantown85
Fri Oct 24, 2014 9:40 pm
Forum: Personal Consumer Issues
Topic: How often do you change your car's oil?
Replies: 168
Views: 14560

Re: How often do you change your car's oil?

Every 6,000 miles. For correlation purposes, I'm one of those "non car washing" types. For the record, I shower every morning.
by Beantown85
Fri Oct 24, 2014 9:04 pm
Forum: Personal Consumer Issues
Topic: How do you wash your car?
Replies: 143
Views: 9321

Re: How do you wash your car?

The logic of the folks who never wash their cars just doesn't compute for me. It's akin to not mowing the lawn and letting it grow 3 feet high, or letting all of the paint fall off of my house. Where I live not cutting grass is against city regulations and paint coming off the the house will allow ...
by Beantown85
Fri Oct 24, 2014 8:57 pm
Forum: Personal Consumer Issues
Topic: How do you wash your car?
Replies: 143
Views: 9321

Re: How do you wash your car?

I have lived in New England and been driving for the past fifteen years. I have never washed , nor had washed any vehicle washed, ever. Not once. Never had a garage at home or at work. No issues noted.
by Beantown85
Fri Aug 01, 2014 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to earn a pension
Replies: 38
Views: 5424

Re: Best way to earn a pension

How much is a DB pension worth? to you? Would you consider looking for or taking a job primarily for a pension? How long is a piece of string? Valuing how much a pension is worth can vary drastically depending on a lot of factors. Even with all the specifics available, I find it hard to place a $ v...
by Beantown85
Fri Aug 01, 2014 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: How Much Did You Lose Today?
Replies: 166
Views: 16544

Re: How Much Did You Lose Today?

Wouldn't have checked if it weren't for this thread....
by Beantown85
Fri Jul 25, 2014 12:45 pm
Forum: Investing - Theory, News & General
Topic: If you tax adjust, how has it changed your life?
Replies: 16
Views: 2286

Re: If you tax adjust, how has it changed your life?

I once knew a guy who tax adjusted. Knew.
by Beantown85
Wed Dec 18, 2013 9:32 am
Forum: Investing - Help with Personal Investments
Topic: Round 2 Asset Allocation Advice
Replies: 2
Views: 291

Re: Round 2 Asset Allocation Advice

BanditKing wrote:Anything obvious I’m missing?


Not enough ferrets.

No, I don't see anything obvious you are missing. Are you no longer contributing to iBonds? Not necessarily seeing that as a mistake, just didn't see it as a new contribution moving forward.
by Beantown85
Wed Dec 18, 2013 9:26 am
Forum: Investing - Help with Personal Investments
Topic: 40 and Finally Getting Serious (Portfolio Review)
Replies: 5
Views: 1287

Re: 40 and Finally Getting Serious (Portfolio Review)

Questions: 1. The Vanguard recommended allocation seems overly high in bonds due to the international exposure -- am I being irrational? 2. Any advice on balancing across 3 IRA's, 2 401k's and 2 brokerage accounts? 3. Should I adjust anything due to heavy exposure to my real estate holdings? 4. How...
by Beantown85
Wed Dec 18, 2013 9:20 am
Forum: Investing - Help with Personal Investments
Topic: To Sell or Not to Sell (for Capital Gain Offset)
Replies: 16
Views: 1359

Re: To Sell or Not to Sell (for Capital Gain Offset)

I have no reason to hold on to the VFH investment, nor do I have a reason to keep it. I purchased it years back when I did not know what I was doing... :oops:. What made you decide to sell the growth fund? I think it would be easier to give advice if everyone understood your entire portfolio (in ge...
by Beantown85
Wed Dec 18, 2013 9:16 am
Forum: Investing - Help with Personal Investments
Topic: Help choosing my 401k funds
Replies: 6
Views: 366

Re: Help choosing my 401k funds

1. It doesn't seem like any are a great substitution for Total Stock Market, but I think AMCAP RAFCX is probably a reasonable choice (~80% US stock). 2. The most efficient way is usually picking the best option in the 401k, then rounding out the portfolio with your other options. In your case, there...
by Beantown85
Mon Dec 09, 2013 8:46 pm
Forum: Investing - Help with Personal Investments
Topic: Tool to assess if higher performing fund worth high fees?
Replies: 11
Views: 1297

Re: Tool to assess if higher performing fund worth high fees

I could use help on how to assess if a slightly higher performing fund is worth the higher ER fee. I will save you some time, it isn't . If those trend charts you posted could accurately predict future returns, whoever made them would be rich, and Fidelity sure wouldn't be giving them away for free...
by Beantown85
Mon Dec 09, 2013 12:06 am
Forum: Investing - Theory, News & General
Topic: Beating the S&P with minimal taxes
Replies: 46
Views: 2820

Re: Beating the S&P with minimal taxes

You could be correct, horribly wrong or no better than the S & P 500 depending on the timing. Actually, it's much worse than that. These funds were specifically designed to be short term investments, and are not appropriate for a long term investment. Even ignoring the high expenses, this is an...
by Beantown85
Sun Dec 08, 2013 11:58 pm
Forum: Investing - Theory, News & General
Topic: Beating the S&P with minimal taxes
Replies: 46
Views: 2820

Re: Beating the S&P with minimal taxes

Beantown, Given that I'm a mutual fund investor, why shouldn't I use the S&P 500 as my goal? It seems to be the most common benchmark for equity funds. It's a benchmark that I can easily "buy" if I'm not able to outperform it (via SPY). Your goal should be whatever your goal is. As in...
by Beantown85
Sun Dec 08, 2013 11:53 pm
Forum: Investing - Theory, News & General
Topic: Beating the S&P with minimal taxes
Replies: 46
Views: 2820

Re: Beating the S&P with minimal taxes

As to why my goal is to beat the S&P.... 1) I like mutual funds because of their diversification and because mutual funds are easier to manage with larger amounts of money. I am not comfortable managing my own portfolio of stocks. For a mutual fund investor, the S&P 500 is a very appropriat...
by Beantown85
Sun Dec 08, 2013 11:22 pm
Forum: Personal Finance (Not Investing)
Topic: Lock in mortgage rate now or wait until first of year?
Replies: 6
Views: 719

Re: Lock in mortgage rate now or wait until first of year?

bgscms wrote:Is it better to lock now or wait?


Lock in now, but you already knew that.
by Beantown85
Sun Dec 08, 2013 11:08 pm
Forum: Investing - Help with Personal Investments
Topic: She's at RMD age - OK to increase risk exposure?
Replies: 7
Views: 648

Re: She's at RMD age - OK to increase risk exposure?

Is she investing for heirs? If there is no need to add risk exposure, then why do it? It appears the game has been won, I don't see a compelling reason to veer away from the 40/60 portfolio plan.
by Beantown85
Sun Dec 08, 2013 11:03 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie Starting a 401k - Seeking Opinions About Fund Choice
Replies: 3
Views: 1482

Re: Newbie Starting a 401k - Seeking Opinions About Fund Cho

My advice: 1) Like was mentioned by slowlrnr, contribute enough to get full company match, then go Roth IRA. If you have more to save, go back to contributing to 401k. Your options in the 401k are poor enough where I think it makes sense to prioritize Roth IRA even at your tax rate (although I don't...
by Beantown85
Sun Dec 08, 2013 10:53 pm
Forum: Investing - Help with Personal Investments
Topic: Help selecting a rebalancing strategy
Replies: 13
Views: 812

Re: Help selecting a rebalancing strategy

I understand the fear of rebalancing all the way down, and what that could mean in a depression type scenario. The problem is, what about when you are in the middle of a bull run? You have a certain % of your portfolio in bonds for a reason, and if the market returns have made it such that you are w...
by Beantown85
Sun Dec 08, 2013 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: Affordability of new home
Replies: 21
Views: 2476

Re: Affordability of new home

I don't know anything about physician loans, but with 320k income and 94k of debt, I cannot imagine that you wouldn't be able to qualify for a conventional mortgage. Affordability rules of thumb based on house price vs income are meaningless. You need to determine how much you can afford to spend on...
by Beantown85
Sun Dec 08, 2013 10:25 pm
Forum: Investing - Help with Personal Investments
Topic: Funds or ETF's
Replies: 4
Views: 510

Re: Funds or ETF's

I don't think the decision between ETFs or Mutual Funds is particularly important. I hold both, and don't really view one as better than the other. The most important decision is to decide on an allocation between stocks and bonds, and stick with that. If both low cost ETF's and Mutual Funds are ava...
by Beantown85
Sun Dec 08, 2013 10:19 pm
Forum: Investing - Theory, News & General
Topic: Beating the S&P with minimal taxes
Replies: 46
Views: 2820

Re: Beating the S&P with minimal taxes

So your approach to beating the S&P is to use a leverage S&P ETF? Why only 10 or 20% then?

This is a very poor strategy, but that isn't the major problem here. The major problem is, why is your goal to beat the S&P?
by Beantown85
Tue Mar 05, 2013 8:23 am
Forum: Investing - Help with Personal Investments
Topic: Current Fidelity Roth IRA, moving to?
Replies: 9
Views: 1589

Re: Current Fidelity Roth IRA, moving to?

Thank you, everyone. Like I said, I currently have a Fidelity account, so I'm pretty up on what I can trade for free over there. It's Vanguard's brokerage account that I don't know much about. I know Vanguard ETFs and index funds (which I was leaning toward just for the automatic investment option)...
by Beantown85
Tue Mar 05, 2013 8:16 am
Forum: Investing - Theory, News & General
Topic: Russell Demotes Greece To Emerging
Replies: 7
Views: 663

Re: Russell Demotes Greece To Emerging

The term "Emerging" in this case is quite ironic.
by Beantown85
Mon Mar 04, 2013 1:28 pm
Forum: Investing - Theory, News & General
Topic: Just found out I'm a Boglehead, now I have a question
Replies: 6
Views: 709

Re: Just found out I'm a Boglehead, now I have a question

This chart has been used here often, and helped me understand more clearly what the previous posters are saying about uncompensated risk when going extreme with all equities. I was 100% equities through the 08-09 downturn without bailing, but no longer am. http://529investing.files.wordpress.com/201...
by Beantown85
Fri Mar 01, 2013 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: First Time Portfolio Allocation Advice
Replies: 8
Views: 1288

Re: First Time Portfolio Allocation Advice

1. No, looks very well done. 2. I personnally wouldn't bother, I think what you have is good as-is. But if you feel strongly, pulling 5% from Total Stock Market into Large Value is OK. 3. Not necessarily. If you are tilting toward Small Value, the key is to stick with it long-term. If you don't want...

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