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by BolderBoy
Sat May 23, 2015 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Real cost of a Masters (in the US)
Replies: 23
Views: 1346

Re: Real cost of a Masters (in the US)

A Master's degree is usually a great investment if it is completed. But really you want to make sure the kids have a plan for what they're doing with that Master's. For example, if kid got his undergraduate degree in Biology, and wants to get a Master's in Biochemistry with plans to work in the Pha...
by BolderBoy
Sat May 23, 2015 10:38 am
Forum: Personal Finance (Not Investing)
Topic: ObamaCare 2016 Premium Increases some 36%
Replies: 40
Views: 2532

Re: ObamaCare 2016 Premium Increases some 36%

I currently have a high deductible plan thru Blue Cross of Tennessee that is not tied to the ACA plan however my premium is extremely high with a 2600 deductible per person. This is curious. Is this a "family plan"? I hadn't heard of "individual deductibles" in a family plan bef...
by BolderBoy
Sat May 23, 2015 10:33 am
Forum: Investing - Theory, News & General
Topic: Why government bonds at all?
Replies: 29
Views: 1371

Re: Why government bonds at all?

So my thought is, I wouldn't buy equity in government. Why would I buy bonds in government? You wouldn't buy equity in government because I don't think you can. But government bonds are safe, particularly USGovernment bonds. If I read my Constitution correctly, servicing government bond debt is sup...
by BolderBoy
Sat May 23, 2015 10:27 am
Forum: Investing - Theory, News & General
Topic: Taking out a HELOC to invest
Replies: 16
Views: 1127

Re: Taking out a HELOC to invest

What I'm trying to get at is why does not paying extra on your mortgage in order to invest seem wise, while taking out a loan (with the same terms) in order to invest seems stupid? Is it purely emotional, is it mathematical, or both? I think it becomes the issue of "the sure thing." In th...
by BolderBoy
Fri May 22, 2015 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken 2012 - no longer supports online direct connect. Alternatives?
Replies: 3
Views: 359

Re: Quicken 2012 - no longer supports online direct connect. Alternatives?

If you are a bit of a geek, gnuCash is free and will do what you want. But the geek factor is necessary.

<http://www.gnucash.org/download.phtml>
by BolderBoy
Fri May 22, 2015 9:22 pm
Forum: Investing - Theory, News & General
Topic: Taking out a HELOC to invest
Replies: 16
Views: 1127

Re: Taking out a HELOC to invest

To anyone who currently has a mortgage and invests extra cash rather than paying down your mortgage (let's assume your interest rate is 4%), how do you answer the question: "If your house was fully paid for, would you take out a $100,000 loan on it at 4% and invest it?" If you answer &quo...
by BolderBoy
Fri May 22, 2015 8:49 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review & advice
Replies: 3
Views: 210

Re: Portfolio Review & advice

Taxable a/c -------------- VASGX Vanguard LifeStrategy Growth Fund -- 15% VSMGX Vanguard LifeStrategy Moderate Growth Fund -- 15% VBTLX Vanguard Total Bond Market Index Fund Admiral Shares -- 15% $ VTSAX Vanguard Total Stock Market Index Fund Admiral Shares -- 55% $ Retirement a/c -----------------...
by BolderBoy
Fri May 22, 2015 8:42 pm
Forum: Investing - Help with Personal Investments
Topic: Am I crazy to have this asset allocation?
Replies: 21
Views: 2748

Re: Am I crazy to have this asset allocation?

You aren't crazy. But your portfolio is overly complicated when a 3 Fund portfolio would be cheaper, better diversified and MUCH MUCH easier to manage (rebalance.)
by BolderBoy
Fri May 22, 2015 8:35 pm
Forum: Investing - Help with Personal Investments
Topic: Investing after Retirement
Replies: 10
Views: 1158

Re: Investing after Retirement

I am 64 years old and am going to retire in 3 months. I have no debt (own all my cars, home, etc.). I will have $3,200 (pre-tax) coming in each month from a pension and about $3,500 from Social Security (combined with my wife) at age 66. I also have a 401K with $110,000 and $90,000 in savings. I am...
by BolderBoy
Fri May 22, 2015 8:28 pm
Forum: Personal Consumer Issues
Topic: Electric Pressure Washer Recommendation
Replies: 13
Views: 755

Re: Electric Pressure Washer Recommendation

Riverstwo wrote:Karcher!!! Works great. Can get it at Walmart last I heard.

Second this - mine works great.
by BolderBoy
Fri May 22, 2015 6:30 pm
Forum: Personal Consumer Issues
Topic: Advice For Selling A Used Car
Replies: 12
Views: 1123

Re: Advice For Selling A Used Car

- Once you have a deal, meet the buyer at a location of his bank to make the transaction. This way you will know his cashier's check issued by that bank is legitimate; a bank officer can serve as a notary public for transfer of the title. If the buyer wants to pay you in cash, meet at YOUR bank and...
by BolderBoy
Thu May 21, 2015 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Friends/Family that don't invest!
Replies: 65
Views: 5659

Re: Friends/Family that don't invest!

I had an old co-worker who is very over weight and that his father and brothers all died young so he is very confident he won't live till retirement. I asked a co-worker (who weighed 400ish pounds) how he was doing his retirement planning and he said, "Look at me. I'm never going to live to re...
by BolderBoy
Mon May 18, 2015 7:04 pm
Forum: Investing - Theory, News & General
Topic: Supreme Court to hear fiduciary duty/high cost funds case
Replies: 48
Views: 6883

Re: Supreme Court to hear fiduciary duty/high cost funds case

:) I agree with your disagreement. Apparently with the six decisions released today I was mixing up what they said in another one, with the fairly declarative commentary they made in this one. I found this: "We remand for the Ninth Circuit to consider petitioners’ claims that respondents breach...
by BolderBoy
Mon May 18, 2015 12:02 pm
Forum: Investing - Theory, News & General
Topic: Supreme Court to hear fiduciary duty/high cost funds case
Replies: 48
Views: 6883

Re: Supreme Court to hear fiduciary duty/high cost funds case

The SCOTUS dodged the primary question the participants had about the sponsor's fiduciary duty in the plan and ruled exclusively on the issue of timeliness. They sent it back to the 9th Circuit with orders to allow the suit to proceed.

Good, but not great.
by BolderBoy
Sat May 16, 2015 8:31 pm
Forum: Investing - Help with Personal Investments
Topic: On a Scale of 1 - 10.. [Portfolio evaluation]
Replies: 34
Views: 2267

Re: On a Scale of 1 - 10.. [Portfolio evaluation]

How about a 8-9 only because of my bias to doing it a bit differently. But there isn't really anything wrong with your portfolio and don't forget, the enemy of a good plan is a perfect plan.

Stay the course!
by BolderBoy
Sat May 16, 2015 9:20 am
Forum: Investing - Theory, News & General
Topic: Bonds - Picking up Nickels in Front of a Steamroller?
Replies: 50
Views: 4911

Re: Bonds - Picking up Nickels in Front of a Steamroller?

Being in my mid-40's, I'm at the point where conventional wisdom says that bonds are supposed to play an increasing role in my portfolio. However, the idea of lending money to Uncle Sam for 10 years at 2.15% or 30 years at 2.94% really makes me cringe. What I'm hearing is that you are unclear as to...
by BolderBoy
Sat May 16, 2015 9:15 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth- want to make sure I dont mess up.
Replies: 8
Views: 675

Re: Backdoor Roth- want to make sure I dont mess up.

mozzy wrote:Am I missing something?
Is it safe to deposit into the old Roth at Vanguard, or should I open a new ROTH with another company to keep the two seperate?

I don't think you are missing anything and it is how I would proceed. Your existing VG Roth is fine for the conversion.
by BolderBoy
Thu May 14, 2015 9:01 pm
Forum: Investing - Help with Personal Investments
Topic: solo 401k while employed
Replies: 12
Views: 568

Re: solo 401k while employed

Interpolfanclub wrote:Is it worth the hassle of opening a solo 401k?

Absolutely worth it, IMO. It is what I did under similar circumstances and over the years a LARGE amount of employer contributions were made to the i401k (like you, already maxed out the employee deferral with the W2 401k plan.)
by BolderBoy
Wed May 13, 2015 11:46 pm
Forum: Personal Finance (Not Investing)
Topic: Please help me pick the right priced/location condo!
Replies: 7
Views: 620

Re: Please help me pick the right priced/location condo!

· There is an apartment building across the street that brings in section 8 tenants. I have read very poor reviews of the building: there are (allegedly) cars moving in /out to sell drugs, terrible rodent infestation (not mice, but rats) and it is not very well maintained inside. These issues weigh...
by BolderBoy
Wed May 13, 2015 11:32 pm
Forum: Investing - Help with Personal Investments
Topic: Establishing a Three Fund Portfolio
Replies: 3
Views: 410

Re: Establishing a Three Fund Portfolio

Hello All…..Would someone be able to offer a recommendation for establishing a Three Fund Portfolio ? The choices are mainly Vanguard and Fidelty Spartan. I was considering VINIX, FSPNX and FXSTX and was wondering if choosing the Vanguard Blended funds might be better choice than the three fund rou...
by BolderBoy
Wed May 13, 2015 11:27 pm
Forum: Investing - Help with Personal Investments
Topic: Pension buyout to TIRA or Roth IRA
Replies: 6
Views: 340

Re: Pension buyout to TIRA or Roth IRA

LeeMKE wrote:If Congress acts to close the back door conversion

Has there been discussion of this or are you just musing?
by BolderBoy
Wed May 13, 2015 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Finally broke up with advisor (who plugged Vanguard)!
Replies: 5
Views: 1470

Re: Finally broke up with advisor (who plugged Vanguard)!

He made it a point to RECOMMEND VANGUARD, as he feels they are the best of the 'low cost index services'. This is HIGHLY commendable of him. Three of the four FAs I broke up with squealed like pigs in hot oil. The last two prophesied that I'd be bankrupt in a few years. Both of them are out of busi...
by BolderBoy
Wed May 13, 2015 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home - unexpected competition
Replies: 26
Views: 3774

Re: Selling home - unexpected competition

If the market is smokin' hot I'd go right ahead and list it as you planned (or for more?)

There will be lots of losers in bidding on the other house - they'll come to you instead.
by BolderBoy
Wed May 13, 2015 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Some capital gains/losses questions (and a couple of other general tax questions)
Replies: 9
Views: 629

Re: Some capital gains/losses questions (and a couple of other general tax questions)

2.To realize a capital loss upon the sale of a depreciated security, the IRS states that you can't rebuy the sold security or buy a substantially identical security for 30 days. I currenty have an unrealized loss on O. If I sell O then immediately buy FRT (another REIT) with the proceeds of that sa...
by BolderBoy
Tue May 12, 2015 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes on renting a room in my home to a friend
Replies: 30
Views: 1765

Re: Taxes on renting a room in my home to a friend

I own a home (by which I mean that I make monthly mortgage payments on a home), and I live alone. I am considering taking on a roommate -- a friend of mine who is gainfully employed but looking for a decent place to live in a hot rental market. He would pay approximately half of my total monthly pa...
by BolderBoy
Tue May 12, 2015 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth: Schooling my CPA and getting charged for it!
Replies: 134
Views: 9586

Re: Backdoor Roth: Schooling my CPA and getting charged for it!

Your CPA probably did spend time researching the subject. He should be compensated a fair amount. I don't know if $400 is fair or not. I would try to negotiate it to an amount that you think is fair. I think the circumstances would make the CPA's education about this along the lines of "contin...
by BolderBoy
Tue May 12, 2015 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Dealing With the Mind Shift
Replies: 8
Views: 878

Re: Dealing With the Mind Shift

Once I started to use VPW, it gave me the confidence to spend what it told me. Since it basically cannot fail (I have backtested my AA against past history and can live with the variability of the past). http://www.bogleheads.org/wiki/Variable_percentage_withdrawal Ah. Okay, thank you.
by BolderBoy
Tue May 12, 2015 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Switching Disability Insurance - From Guardian to Principal for Family Medicine
Replies: 6
Views: 557

Re: Switching Disability Insurance - From Guardian to Principal for Family Medicine

Principal : Female, 27, 180 day elim., $5,000/month resident coverage, Regular-occ (Principal's own-occ. term), with COLA, Benefit Update rider included. premium is approximately $990 annually. I'd want to see that "Regular-occ" defined specifically as "own-occ" in their definit...
by BolderBoy
Tue May 12, 2015 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Dealing With the Mind Shift
Replies: 8
Views: 878

Re: Dealing With the Mind Shift

BahamaMan wrote:Once I started to use VPW, it gave me the confidence to spend what it told me. Since it basically cannot fail...

What is this VPW that cannot fail?
by BolderBoy
Tue May 12, 2015 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Is this a dumb thing to do? [Pied-a-terre to share with daughter]
Replies: 41
Views: 4877

Re: Is this a dumb thing to do?

I'd love to get some second opinions..."a pied-a-terre in the city." One of the things I so dearly love about this forum is the exposure to new terms! Thank you. IMO, you can easily afford to do this - in cash. And I like your thinking about buying it for yourself and allowing your daught...
by BolderBoy
Tue May 12, 2015 1:07 pm
Forum: Investing - Help with Personal Investments
Topic: Gold bars buying advise
Replies: 43
Views: 3683

Re: Gold bars buying advise

There's a few things misleading about this chart. Inflation / Dollar : The Federal Reserve System wasn't created until 1913. http://en.wikipedia.org/wiki/Federal_Reserve_System And on BolderBoy's chart, you can see that's when inflation really picked up. The long-term average inflation rate under t...
by BolderBoy
Mon May 11, 2015 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: Options for bond funds in taxable account?
Replies: 10
Views: 864

Re: Options for bond funds in taxable account?

Are muni bonds the right option? Something like Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX)? I can't begin to match lack_ey's very thorough discussion of the subject above, but... what you are asking about is exactly what I'm doing presently as I coast to age 70 before taking ...
by BolderBoy
Mon May 11, 2015 2:52 pm
Forum: Personal Consumer Issues
Topic: Epoxy garage floor?
Replies: 20
Views: 2073

Re: Epoxy garage floor?

I did both in my garage (also 30 years old). The white paint on the side walls was a great idea - makes the garage bright. The epoxy on the floor...[shrug]. Would I do it again? Don't know, not sure. I didn't do the acid treatment first but scrubbed the dickens out of it several times and bought a p...
by BolderBoy
Mon May 11, 2015 2:37 pm
Forum: Investing - Help with Personal Investments
Topic: Net versus gross expense ratio for fidelity fund question
Replies: 4
Views: 342

Re: Net versus gross expense ratio for fidelity fund question

I own FSGUX Spartan ex us index fund investor class with a gross expense ratio as of 12/31/2014 of .34 and net ratio of .22. On my Vanguard outside accounts section expense ratio is listed as .34. Which one am I paying and if it is the lower, is this an error on the Vanguard page? Morningstar indic...
by BolderBoy
Mon May 11, 2015 2:34 pm
Forum: Investing - Help with Personal Investments
Topic: Anybody 50/50?
Replies: 78
Views: 6122

Re: Anybody 50/50?

At 26, you have DECADES worth of time on your side to ride out any storms in the equities market. ... and that covers the "ability" limb of the 3 considerations: need, ability and willingness to increase risk. Next, does he have the "need"? If he already maxes out his 401k plan ...
by BolderBoy
Mon May 11, 2015 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: Anybody 50/50?
Replies: 78
Views: 6122

Re: Anybody 50/50?

satxdrummer wrote:Inputs, Opinions? Thanks!

Doubt anyone could fault you for that. The sweet spot seems to be between 60/40 and 40/60. Knowing what I know now and didn't know at age 25, I would probably go with 60/40 if I were 25 again (I'm presently at 40/60, age 64).
by BolderBoy
Mon May 11, 2015 1:43 pm
Forum: Investing - Help with Personal Investments
Topic: Gold bars buying advise
Replies: 43
Views: 3683

Re: Gold bars buying advise

I have heard from many people that one should invest 5-20% of their assets in precious metals for diversification Allow me to be among the MUCH larger cohort of "many people" who advise you to NOT do this. If you had 20% metal in 2011, you would be crying right now. You are advocating for...
by BolderBoy
Sun May 10, 2015 12:14 pm
Forum: Personal Consumer Issues
Topic: Business Question - Property or REIT Fund
Replies: 4
Views: 301

Re: Business Question - Property or REIT Fund

ny_rn wrote:But, I introduced the idea of just starting a business and purchasing a REIT index fund (Vanguard REIT Index Fund Admiral Shares, VGSLX).

Can you actually make a "business" out of owning a REIT fund?
by BolderBoy
Sun May 10, 2015 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Identity theft
Replies: 24
Views: 2412

Re: Identity theft

This sounds like the work of an "inside job".

How about cancelling your credit card with them and getting a new one in your wife's name/SSN?
by BolderBoy
Sun May 10, 2015 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Frugality Reinforced - The Millionaire Next Door
Replies: 84
Views: 12517

Re: Frugality Reinforced - The Millionaire Next Door

Read that some years ago and now I'm am the millionaire next door! I'm sort of a car person but when I see someone in an expensive car I wonder if the driver has a net worth anything like I do. If they do great but if not I'm not impressed. I think it is a nice place to be. When I was 35 and drivin...
by BolderBoy
Sun May 10, 2015 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Philosophies of frugality.
Replies: 60
Views: 5786

Re: Philosophies of frugality.

Things like that I guess? Hope my point is coming across. I think it did. How about this: make a plan for where you want to be in retirement. The plan has to include what your mandatory expenses are and that you would pull that from your retirement plan (then add on an amount to cover taxes). For m...
by BolderBoy
Sun May 10, 2015 10:55 am
Forum: Investing - Help with Personal Investments
Topic: New Investor! Looking for help to get started!
Replies: 6
Views: 433

Re: New Investor! Looking for help to get started!

I am self-employed as a sales manager. My wife is a stay at home mother. You are a prime candidate to set up and contribute to an i401k. I am ready to start investing a portion of this money towards retirement. I would like to know how to go about setting up a Roth IRA and which index funds I shoul...
by BolderBoy
Sun May 10, 2015 10:40 am
Forum: Investing - Help with Personal Investments
Topic: Intermediate Term Investment
Replies: 4
Views: 470

Re: Intermediate Term Investment

aquifer wrote:What do you do with non-retirement, non EF money? Thank you for your thoughts as always.

How about an intermediate term tax-exempt bond fund? That is what I do.
by BolderBoy
Sat May 09, 2015 9:45 pm
Forum: Investing - Help with Personal Investments
Topic: Best way to start investing in a 4 fund portfolio
Replies: 7
Views: 944

Re: Best way to start investing in a 4 fund portfolio

I am unsure of how to go about purchasing them? Do I purchase them in all in one shot now? Do somehow dollar cost average? Is it prudent to buy one and wait for x amount of time before purchasing other (If so, why?)? OR is there any other way to do this? Over the long term, the lump sum method out ...
by BolderBoy
Sat May 09, 2015 2:27 pm
Forum: Investing - Help with Personal Investments
Topic: Gold bars buying advise
Replies: 43
Views: 3683

Re: Gold bars buying advise

sam123 wrote:I have heard from many people that one should invest 5-20% of their assets in precious metals for diversification

Allow me to be among the MUCH larger cohort of "many people" who advise you to NOT do this.
by BolderBoy
Sat May 09, 2015 10:00 am
Forum: Investing - Theory, News & General
Topic: Cambridge Index Strategy
Replies: 12
Views: 1151

Re: Cambridge Index Strategy

This is a new one on me: http://www.cambridgeindexstrategy.com/home/ Thoughts? L. As I was reading the website, the word "gimmick" popped into my head. Wonder why? They'd need to prove to me why this isn't just another financial services firm dreaming up yet another way to separate client...
by BolderBoy
Thu May 07, 2015 11:12 am
Forum: Investing - Help with Personal Investments
Topic: getting ready to transfer funds
Replies: 9
Views: 593

Re: getting ready to transfer funds

I am not new to investing. You have a very complicated investing scenario going on. Are you getting outrageously great real returns to show for it? It sounds like you are wedded to the idea of individual stock investing, is that right? That your choices of individual stocks will out do what the ave...
by BolderBoy
Thu May 07, 2015 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Easy careers to last me to retirement?
Replies: 141
Views: 17000

Re: What job to get to coast to Retirement at age 59 1/2?

Gambler wrote:hm.. just looked up my healthcare website.
they have psychologists that specialize in life mgmt.

going to give them a call

Bet you won't regret it for a second. This warms the cockles of me heart.
by BolderBoy
Thu May 07, 2015 12:01 am
Forum: Personal Consumer Issues
Topic: What to do with 1940's refrigerator that still works?
Replies: 36
Views: 2693

Re: What to do with 1940's refrigerator that still works?

Pretty amazing it still has its freon. The energy efficiency of this thing must be in deep negative numbers when compared with a modern refrig. My mother was complaining to me about a $40/month electric bill in an unoccupied house. She unplugged the 40 y/o refrig and the bill dropped to the nominal ...
by BolderBoy
Wed May 06, 2015 11:50 pm
Forum: Personal Finance (Not Investing)
Topic: Easy careers to last me to retirement?
Replies: 141
Views: 17000

Re: What job to get to coast to Retirement at age 59 1/2?

You sound depressed. Burn-out is something else.

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