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Re: Good Wines

As others have mentioned, the Kim Crawford Sauvignon Blanc ($11.99 at Costco) is a perennial favorite.
by Bfwolf
Sat Jan 31, 2015 5:45 pm
 
Forum: Personal Consumer Issues
Topic: Good Wines
Replies: 37
Views: 1903

Re: What to see in Istanbul

Thanks for the words of encouragement. I haven't even mentioned the food. Looking forward to that! Here's my issue with food, though. I'm lactose intolerant (well, not in the traditional sense). Mainly, I just really despise cheese and milk by-products (sour cream, cottage cheese, etc...). Please t...
by Bfwolf
Sat Jan 31, 2015 1:48 pm
 
Forum: Personal Consumer Issues
Topic: What to see in Istanbul
Replies: 30
Views: 1515

Re: What to see in Istanbul

Oh, and you've got to do a Turkish bath. It's a weird experience, but one you will definitely remember.
by Bfwolf
Thu Jan 29, 2015 12:43 am
 
Forum: Personal Consumer Issues
Topic: What to see in Istanbul
Replies: 30
Views: 1515

Re: What to see in Istanbul

Consider going to a soccer game. The Turks are well-known as some of the most passionate fans of their soccer clubs of any fans in the world. The 3 big Istanbul clubs are Besiktas, Fenerbahce and Galatasaray. I would probably avoid seeing a match between any 2 of the 3 as it may get too crazy. Besik...
by Bfwolf
Thu Jan 29, 2015 12:25 am
 
Forum: Personal Consumer Issues
Topic: What to see in Istanbul
Replies: 30
Views: 1515

Re: Beginning Teen Investor

Hi Russ, Congratulations on being such a responsible young person and setting yourself on the course to financial independence! I'll try to answer your questions, and then I will make a recommendation. First, your questions: You cannot transfer VOO and WMT in-kind from a regular taxable account into...
by Bfwolf
Thu Jan 29, 2015 12:01 am
 
Forum: Investing - Help with Personal Investments
Topic: Beginning Teen Investor
Replies: 11
Views: 1182

Re: New Jersey State Employees Deferred Compensation Plan

Nice 75 million dollar annual windfall for Prudential. If this is impacting you, I'd see if you can get the media interested in the story. You need to come up with a good sob story about somebody trying to make ends meet and using this to save for their retirement, but they just can't get there beca...
by Bfwolf
Wed Jan 28, 2015 8:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: New Jersey State Employees Deferred Compensation Plan
Replies: 21
Views: 1396

Re: Interview question...salary

OP, I think you are right to be concerned. I wouldn't go back if they didn't acknowledge the email I had sent and provide some information on salary.
by Bfwolf
Wed Jan 28, 2015 12:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Interview question...salary
Replies: 30
Views: 3500

Re: TD Ameritrade HSA Options

I emailed them and asked them to refund the commissions for my 3 trades in the last calendar year...they agreed to do so on 2 of them.
by Bfwolf
Tue Jan 27, 2015 6:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: TD Ameritrade HSA Options
Replies: 13
Views: 788

Re: TD Ameritrade HSA Options

Be sure to sign up for no-commission ETFs or TDAmeritrade will charge you. I am embarrassed to say I did not know this. Thank you for alerting me. TDAmeritrade has been hitting me up with $9.99 commissions every time without me realizing it, although it's probably only been 5 times as I buy new sha...
by Bfwolf
Mon Jan 26, 2015 11:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: TD Ameritrade HSA Options
Replies: 13
Views: 788

Re: What experts say about $5,000 watches

Ironically, a Rolex should be THE Boglehead watch. It's actually on the lower end of the price range for what you get - in-house movement, all-Swiss manufacture, history, pedigree, reliability, build quality. Your average sports Rolex is quite a ways cheaper than say an AP or Patek. You get one, it...
by Bfwolf
Mon Jan 26, 2015 1:38 am
 
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 906
Views: 173635

Re: Employee fiduciary 401K Fund selection

List of funds in order of risk (low to high), ** are the funds added to the TSP Plan/Lifestyle funds. Money Market-------------VMMXX-------------Vanguard Prime Money Market Fund Lifestyle Funds----------VASIX-------------Vanguard LifeStrategy Income Fund Bonds--------------------VBTLX-------------V...
by Bfwolf
Mon Jan 26, 2015 1:30 am
 
Forum: Investing - Help with Personal Investments
Topic: Employee fiduciary 401K Fund selection
Replies: 19
Views: 922

Re: Ditch Wells Fargo banking for online banking?

I moved to Ally as my sole checking account bank years ago, and I love it. Needing to deposit cash is very rare in this day and age, and it sounds like with no Wells Fargo banks around you now anyway, it's not like that's something you have now. Besides the advantages you mentioned of higher interes...
by Bfwolf
Wed Jan 21, 2015 12:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Ditch Wells Fargo banking for online banking?
Replies: 25
Views: 2034

Re: Land - Me or my Neighbor

If it were me, I would probably just keep on keeping on.
by Bfwolf
Tue Jan 20, 2015 12:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Land - Me or my Neighbor
Replies: 44
Views: 3424

Re: Bumped out of first class at boarding - compensation?

Please picture me doing the victorious hero maneuver where one clenches one's hands together and then shakes them intermittently to each side of one's head. 8-)
by Bfwolf
Sun Jan 18, 2015 1:31 pm
 
Forum: Personal Consumer Issues
Topic: Bumped out of first class at boarding - compensation?
Replies: 61
Views: 8736

Re: Should I Declare Victory and Pack It In?

You've got a lot of Social Security income coming if you delay til age 70. I'd guess at least $35,000 for you and even if your spouse doesn't work, you'll get the spousal SS of half that. So that's going to be a raise of $52K when you're 70, even after taxes that's probably $40K additional. Just off...
by Bfwolf
Fri Jan 16, 2015 1:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I Declare Victory and Pack It In?
Replies: 173
Views: 16678

Re: When your spouse isn't quite as frugal as you

I agree with the general sentiment that this is not worth being seen as a nag over. BUT, there may be some relatively easy ways to get him to reduce the spending without having to say anything. 1) Buy your box of Clif bars and just leave them in the car. Especially when it's cold outside, and you do...
by Bfwolf
Thu Jan 15, 2015 11:58 am
 
Forum: Personal Finance (Not Investing)
Topic: When your spouse isn't quite as frugal as you
Replies: 94
Views: 8706

Re: Life-Teaching Topics for my Kids

How to think through decisions - being able to see both (or multiple) sides of an argument, and how everyone is impacted One thing this made me think of is teaching the skill of empathy. Some people are naturally better at it than others, but it's really important in the real world. In school, the ...
by Bfwolf
Wed Jan 14, 2015 5:28 pm
 
Forum: Personal Consumer Issues
Topic: Life-Teaching Topics for my Kids
Replies: 42
Views: 2728

Re: Build your own inflation adjusted annuity?

Thanks for doing the legwork on this. The results are really interesting. You are absolutely right that bad scenarios are really not that bad. You don't run out of money, you just have to make modest cuts to real spending in advanced old age, something most people do anyway. The real worst case scen...
by Bfwolf
Wed Jan 14, 2015 5:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Build your own inflation adjusted annuity?
Replies: 41
Views: 3355

Re: Build your own inflation adjusted annuity?

I agree that your plan has a lot of benefits. I like it a lot.
by Bfwolf
Wed Jan 14, 2015 11:11 am
 
Forum: Investing - Help with Personal Investments
Topic: Build your own inflation adjusted annuity?
Replies: 41
Views: 3355

Re: Life-Teaching Topics for my Kids

Use of Excel to track stuff (camping/travel budget, savings,...) and solve problems. I love this idea. When I went to business school to pursue my MBA, I had never used Excel before. I felt quite foolish during the first group project when we were expected to use the program, and I did not know how...
by Bfwolf
Tue Jan 13, 2015 9:16 pm
 
Forum: Personal Consumer Issues
Topic: Life-Teaching Topics for my Kids
Replies: 42
Views: 2728

Re: Can I fund Vanguard purchases with my Target REDcard?

That's definitely a great link, though a lot to wade through.
by Bfwolf
Tue Jan 13, 2015 4:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I fund Vanguard purchases with my Target REDcard?
Replies: 40
Views: 3972

Re: Can I fund Vanguard purchases with my Target REDcard?

For this to work... The load up of the red card via another credit card would have to be marked merchandise/purchase and not cash advance..... Are you guys saying that the coding of the loading onto the red card is miss tagged? In which case... I might load mine up a bit with my 2% cash back card :...
by Bfwolf
Tue Jan 13, 2015 3:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I fund Vanguard purchases with my Target REDcard?
Replies: 40
Views: 3972

Re: Can I fund Vanguard purchases with my Target REDcard?

I still don't understand why you guys are getting your Roth IRAs involved in all this. Just use your RedCard to pay off your credit card bill that you created by funding the RedCard. Or if you are incredibly keen on getting the interest for the 30 days you're waiting for your credit card bill to com...
by Bfwolf
Tue Jan 13, 2015 3:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I fund Vanguard purchases with my Target REDcard?
Replies: 40
Views: 3972

Re: How to handle defaulted debts and current student loans?

OP, Do you feel like you've gotten the advice you need? Also: I don't think you addressed the question of whether your fiancee is on the same page as you in terms of getting your financial house in order. Not trying to pry, it's just that this forum is littered with tales of failed attempts to fix f...
by Bfwolf
Tue Jan 13, 2015 3:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to handle defaulted debts and current student loans?
Replies: 59
Views: 2682

Re: Can I fund Vanguard purchases with my Target REDcard?

Good to hear, Victoria....my RedCard is in the mail, and I'm a little anxious about loading it. To the OP, even if you could transfer the money to Vanguard, why would you want to? If you put $5,000 on your RedCard from your credit card, you now have a $5,000 credit card bill to deal with. Why not j...
by Bfwolf
Tue Jan 13, 2015 2:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I fund Vanguard purchases with my Target REDcard?
Replies: 40
Views: 3972

Re: Build your own inflation adjusted annuity?

So I built an Excel spreadsheet to look at a this scenario. Here are my assumptions: 1. Expected inflation for the forseeable future right now is 2%, I drew this from the TIPS spread 2. The "real annuity cashflow rate" will remain constant. That is, I found what the cashflow rate on a SPI...
by Bfwolf
Tue Jan 13, 2015 2:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Build your own inflation adjusted annuity?
Replies: 41
Views: 3355

Re: Can I fund Vanguard purchases with my Target REDcard?

Good to hear, Victoria....my RedCard is in the mail, and I'm a little anxious about loading it. To the OP, even if you could transfer the money to Vanguard, why would you want to? If you put $5,000 on your RedCard from your credit card, you now have a $5,000 credit card bill to deal with. Why not j...
by Bfwolf
Tue Jan 13, 2015 2:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I fund Vanguard purchases with my Target REDcard?
Replies: 40
Views: 3972

Re: Build your own inflation adjusted annuity?

In any case all "build your own annuities" ignore the fact that insurance company annuities are designed around a concept of pooled risk. In this case the risk is outliving ones money and one pools the risk by allowing those who live longer to do so by using the money of those who do not ...
by Bfwolf
Mon Jan 12, 2015 10:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Build your own inflation adjusted annuity?
Replies: 41
Views: 3355

Re: Mailing credit card info

A quick Google search turned this up. http://www.creditcards.com/credit-card- ... k-1282.php

Still curious what others think.
by Bfwolf
Mon Jan 12, 2015 10:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mailing credit card info
Replies: 4
Views: 349

Mailing credit card info

With some bills, like from doctors' offices, I write my credit card number on the bill in the space provided and mail it back. Since I get 2% back on my credit card, it doesn't take a very big bill to become profit positive vs the cost of a stamp. However, every time I do it, I feel a little twinge ...
by Bfwolf
Mon Jan 12, 2015 10:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mailing credit card info
Replies: 4
Views: 349

Re: Build your own inflation adjusted annuity?

It's a really interesting idea I haven't seen before. It might make the most sense to invest the remaining $400K primarily in TIPS to protect against inflation. One other advantage I don't think you mentioned is that if you die early, there's still an inheritance for your heirs.
by Bfwolf
Mon Jan 12, 2015 10:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Build your own inflation adjusted annuity?
Replies: 41
Views: 3355

Re: Can I fund Vanguard purchases with my Target REDcard?

Good to hear, Victoria....my RedCard is in the mail, and I'm a little anxious about loading it. To the OP, even if you could transfer the money to Vanguard, why would you want to? If you put $5,000 on your RedCard from your credit card, you now have a $5,000 credit card bill to deal with. Why not ju...
by Bfwolf
Mon Jan 12, 2015 9:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I fund Vanguard purchases with my Target REDcard?
Replies: 40
Views: 3972

Re: How to handle defaulted debts and current student loans?

OP, some of the posters on this forum can be a little harsh but know that usually their hearts are in the right place. I appreciate where you are coming from and that you are putting maximum effort against developing a workable plan to solve your problems. One word of caution about the plan you post...
by Bfwolf
Mon Jan 12, 2015 6:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to handle defaulted debts and current student loans?
Replies: 59
Views: 2682

Re: How to handle defaulted debts and current student loans?

This has been a fascinating read from the previous thread to here. OP, I am glad that you are setting more realistic goals, and you will get better advice when you are able to provide a little more detail. Having said that, the prevailing advice that you are receiving has been worth its weight in go...
by Bfwolf
Mon Jan 12, 2015 4:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to handle defaulted debts and current student loans?
Replies: 59
Views: 2682

Re: Do you rebalance each time you fund your account?

I add to what's doing poorly. But I've quit worrying about keeping things in exact balance. It just doesn't matter that much. If I'm a little over in an asset class for a few months, no biggie. This. Until I finally hit a rebalancing band late last year, basically every new dollar went to bonds for...
by Bfwolf
Mon Jan 05, 2015 12:18 pm
 
Forum: Investing - Theory, News & General
Topic: Do you rebalance each time you fund your account?
Replies: 25
Views: 1744

Re: Questions from a clueless Marine

I think SurferLife hits on the key issues which are your real 2014 tax bracket and your potential military pension. If you're sure you're in the 25% bracket even taking into account deductions for your TSP contributions and standard/itemized deductions, then using a traditional IRA to reduce your in...
by Bfwolf
Sat Jan 03, 2015 5:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Questions from a clueless Marine
Replies: 13
Views: 1458

Re: Immediate payable annuity is a bad investment?

Aren't TIPS designed to offset inflation? Wouldn't a mutual insurance company (one owned by its policyholders) that was selling only inflation indexed annuities have the majority of the premiums it collects invested in TIPS? It seems to me that an inflation indexed annuity has 2 major risks: 1) Long...
by Bfwolf
Sat Jan 03, 2015 4:25 pm
 
Forum: Investing - Theory, News & General
Topic: Immediate payable annuity is a bad investment?
Replies: 61
Views: 4685

Re: Questions from a clueless Marine

Thank you for your service. It would be helpful for those of us who are not familiar with active duty military pay grades if you laid out what your compensation was in 2014 and what your expected compensation is in 2015 so we can understand what tax brackets we're talking about here. Also, do active...
by Bfwolf
Sat Jan 03, 2015 4:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Questions from a clueless Marine
Replies: 13
Views: 1458

Re: Immediate payable annuity is a bad investment?

I think it's high time for a Boglehead Mutual Insurance Company to be formed for the purpose of offering inflation-indexed immediate and deferred annuities at competitive rates. It would be run at cost, and what with it being the Boglehead Mutual Insurance Company, it would be run at low cost.
by Bfwolf
Sat Jan 03, 2015 1:06 am
 
Forum: Investing - Theory, News & General
Topic: Immediate payable annuity is a bad investment?
Replies: 61
Views: 4685

Re: Car shuts off while driving - death, dealers, & liabilit

I would never drive a car that shuts off on occasion. Report the car to https://www-odi.nhtsa.dot.gov/ivoq/ and dealer and manufacturer and congressmen and TV news reporters. How much would it cost to get it fixed? When it's fixed, sell it. In the meantime, go buy a new car. Keep your family safe. ...
by Bfwolf
Sat Jan 03, 2015 12:45 am
 
Forum: Personal Consumer Issues
Topic: Car shuts off while driving - death, dealers, & liability
Replies: 44
Views: 4316

Re: Why donate to charity?

I'm surprised at all the odd (to me) ways people think about this. If I donate a dollar, It means I get $0, the IRS gets $0, and the charity gets $1. If I do not donate then I pay the IRS $0.33 and keep $0.67. So it's: donate the $1 Me: $0 IRS: $0 Charity: $1 do not donate the $1 Me: $0.67 IRS: $0....
by Bfwolf
Fri Jan 02, 2015 11:34 am
 
Forum: Investing - Theory, News & General
Topic: Why donate to charity?
Replies: 61
Views: 4127

Re: What do you drive, and why?

I sold the last car I owned about 7 years ago.

When I moved to downtown Chicago, I found that owning a car was more hassle than benefit. And of course not owning a car is much cheaper.

I get around by walking, public transportation, Uber, taxi, and Divvy (Chicago's bike share program).
by Bfwolf
Wed Dec 31, 2014 10:11 pm
 
Forum: Personal Consumer Issues
Topic: What do you drive, and why?
Replies: 205
Views: 17358

Re: Should I Cancel My Life Insurance?

I am sure the insurance companies are not losing money on these policies, which makes me think that we're missing something here, and that the OP's policy is not really a positive expected value. At least part of what might help the insurance companies stay in business is if people drop the insuran...
by Bfwolf
Wed Dec 31, 2014 6:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I Cancel My Life Insurance?
Replies: 61
Views: 4636

Re: Do you use maxmyinterest.com

I've got a savings account at Ally bank, currently earning 0.99%. I guess I don't really see the likely payoff of opening a bunch of savings accounts at other banks, and then paying maxmyinterest.com .08% to try and optimize it. Seems like a fair amount of upfront work for little if any payoff. The ...
by Bfwolf
Tue Dec 30, 2014 12:18 am
 
Forum: Investing - Theory, News & General
Topic: Do you use maxmyinterest.com
Replies: 3
Views: 1085

Re: Ethical expenses?

rob wrote:
Billcarpenter wrote:business ethics

I always have to laugh at that phrase...... as opposed to regular ethics :D


https://www.youtube.com/watch?v=xKGeHuln08A
by Bfwolf
Mon Dec 29, 2014 9:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Ethical expenses?
Replies: 10
Views: 702

Re: Should I Cancel My Life Insurance?

I suspect that in fact the vast majority of deaths in that age cohort come from those in poor health to start with who probably could not get life insurance. Otherwise, the premiums offered make no sense.
by Bfwolf
Mon Dec 29, 2014 9:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I Cancel My Life Insurance?
Replies: 61
Views: 4636

Re: Should I Cancel My Life Insurance?

I agree with the majority that you do not need the life insurance policy. However, if it were me, I would keep it until it ends simply because it is a good policy. At a much younger age, I got $360,000 term life insurance policy from my employer for $1,118 a year. I noticed with my last employer th...
by Bfwolf
Mon Dec 29, 2014 8:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I Cancel My Life Insurance?
Replies: 61
Views: 4636

Re: Engaged - marriage penalty & other practical concerns

With respect to the bolded, and with every effort to avoid any political overtone: couples (and other combinations) do this all of the time in situations where the state prohibits legal marriage. Point taken. I guess I was thinking more about weddings where people could legally get married but were...
by Bfwolf
Mon Dec 29, 2014 8:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Engaged - marriage penalty & other practical concerns
Replies: 50
Views: 3876

Re: Engaged - marriage penalty & other practical concerns

I just ran some numbers on my income numbers and my fiance's. It looks like we are on the otherside, we will actually get a marriage "bonus". This is the standard situation. Almost all married couples get a "marriage bonus". The so-called "marriage penalty" is an extre...
by Bfwolf
Mon Dec 29, 2014 5:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Engaged - marriage penalty & other practical concerns
Replies: 50
Views: 3876

Re: Should I Cancel My Life Insurance?

The expected value of lottery tickets is strongly negative. The expected value of this life insurance policy is positive for the next five years. The total five year cost of the premiums for the next five years (5*870) is less than 1% of the policy value. Statistically , 5% of 58 year-old American ...
by Bfwolf
Mon Dec 29, 2014 2:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I Cancel My Life Insurance?
Replies: 61
Views: 4636
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