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Re: slowly turning Boglehead...help me with my next step

Frankly (and this is my tendency about working woman) you and your wife will get much more financial security and returns on the income side than tweaking the investment side. Unless she is physically or mentally handicapped, why would a woman in her mid 40s with no kids and 1 husband not be working?
by Calm Man
Sat Jul 26, 2014 3:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: slowly turning Boglehead...help me with my next step
Replies: 5
Views: 165

Re: Pay a stay-at-home spouse, fund a solo-401k?

I think it would be better for your wife to work and have her own 401K account and ability to carry on with employment during her lifetime at a level she deserves. Your initial premise though is obviously off as there are other services you could pay for as well that a spouse does - preparing dinner...
by Calm Man
Sat Jul 26, 2014 3:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pay a stay-at-home spouse, fund a solo-401k?
Replies: 6
Views: 295

Re: Buying a Home - Town permit records don't match disclosu

The town's records rules. Doesn't matter what the seller or contractors say. I would back out unless you can get the permits (if they ever existed) or get the town to waive them. I agree that this could be a big problem down the road for you. Right now, before finalizing the purchase, you have leve...
by Calm Man
Sat Jul 26, 2014 2:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying a Home - Town permit records don't match disclosures
Replies: 27
Views: 370

Re: Buying a Home - Town permit records don't match disclosu

Not sure I would care. Might be able to use as a bargaining chip to get the price down. If you really want the house this isn't going to change anything, you are still going to close. Hope when OP gets ready to sell some years down the road his potential buyers will be as forgiving. I sure wouldn't...
by Calm Man
Sat Jul 26, 2014 2:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying a Home - Town permit records don't match disclosures
Replies: 27
Views: 370

Re: Buying a Home - Town permit records don't match disclosu

OP, you are of course free to defend your actions before or after you make this transaction. You started out with a list of the changes made by the current owners. How do you know this? Well you check for the permits. Not there. You wave inspection on a house that is about 100 years old and the real...
by Calm Man
Sat Jul 26, 2014 2:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying a Home - Town permit records don't match disclosures
Replies: 27
Views: 370

Re: Treasury Direct--just blowing off steam

TIPS are probably close enough. Not for me. Real yield on TIPS is negative beyond 5-year maturities, and that comes with significant interest-rate risk. I Bonds have essentially no term risk. And between us, is the purchase or lack or purchase of I bonds going to materially affect the financial wel...
by Calm Man
Fri Jul 25, 2014 10:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Treasury Direct--just blowing off steam
Replies: 53
Views: 2958

Re: 401k rollover screw up, what to do

Given that you have over 5 million dollars in the account, indeed you need to stay on top of this one. I normally suggest letting things slide but 5 MM is a lot. Good luck.
by Calm Man
Fri Jul 25, 2014 9:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k rollover screw up, what to do
Replies: 10
Views: 578

Re: advise for 24 y/o who just bought Index Universal Life

OP,, no good deed goes unpunished. But partial deeds are good. You are not her investment adviser, financial planner nor her father. And if she is a co-worker I am going to assume she is mentally competent. Why don't you refer her to this forum or even forward her this thread and let her do some res...
by Calm Man
Fri Jul 25, 2014 9:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: advise for 24 y/o who just bought Index Universal Life
Replies: 15
Views: 869

Re: Wall Street Journal Subscription Increase

unless you have specific business needs requiring you to keep up with something (in which case the business would pay for it), what do you actually lose from your quality or pleasure of life by not reading it at all? I think you lose the theater reviews, book reviews, the analyses of works of art, ...
by Calm Man
Fri Jul 25, 2014 9:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wall Street Journal Subscription Increase
Replies: 24
Views: 1193

Re: Does severance pay reduce or relace unemployment benefit

OP, do what you must with finding this out. I will divert the thread a bit. More important than the few hundred a week she will get for 26 weeks is to have her find the next job. She will if she focuses her efforts in that direction. Good luck to her.
by Calm Man
Fri Jul 25, 2014 9:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does severance pay reduce or relace unemployment benefits?
Replies: 12
Views: 830

Re: Treasury Direct--just blowing off steam

This is easy for me. Although I do not buy treasuries, if I did, I would be more than happy to pay Vanguard the 10 basis points or so and use a fund. As already pointed out, you cannot buy I Bonds (or EE Bonds) from Vanguard. You may happily not buy I Bonds from TD, but Vanguard won't take your mon...
by Calm Man
Fri Jul 25, 2014 9:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Treasury Direct--just blowing off steam
Replies: 53
Views: 2958

Re: Treasury Direct--just blowing off steam

This is easy for me. Although I do not buy treasuries, if I did, I would be more than happy to pay Vanguard the 10 basis points or so and use a fund. Regardless, I have an account with the federal government because I have no choice which is my tax account with the IRS. I would never voluntarily ent...
by Calm Man
Fri Jul 25, 2014 8:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Treasury Direct--just blowing off steam
Replies: 53
Views: 2958

Re: One of the simplest rational reasons why some should til

I don't know what category I am in and prefer not to put myself in one. I don't tilt. If I become super rich I will not tilt. If I become poor I will not tilt. I will not tilt. Seems like a waste of time to me.
by Calm Man
Fri Jul 25, 2014 6:41 pm
 
Forum: Investing - Theory, News & General
Topic: One of the simplest rational reasons why some should tilt
Replies: 20
Views: 1592

Re: Wall Street Journal Subscription Increase

I got the WSJ for about 20 years. I stopped 5 years ago. I have never missed it. When you think about it, unless you have specific business needs requiring you to keep up with something (in which case the business would pay for it), what do you actually lose from your quality or pleasure of life by ...
by Calm Man
Fri Jul 25, 2014 6:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wall Street Journal Subscription Increase
Replies: 24
Views: 1193

Re: FRS (Fl Ret Srv) Pension Option - Worth it?

I'd ask myself (or himself) WHY is Florida offering this? I presume the system needs the money. We will possibly be facing a new paradigm as to how states pay (or don't pay) pension benefits down the road. Sort of like Detroit although states won't have the state or a museum to contribute to the dea...
by Calm Man
Fri Jul 25, 2014 10:58 am
 
Forum: Investing - Help with Personal Investments
Topic: FRS (Fl Ret Srv) Pension Option - Worth it?
Replies: 10
Views: 614

Re: Verizon Issue advice

If you were owed one penny, would you be spending all this time? Determine what you value your time at. Principal is a relative term and I doubt you will change Verizon business practices. Just a suggestion - maybe better to mourn for your mother and drop this? I recently lost a father and the last ...
by Calm Man
Fri Jul 25, 2014 10:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Verizon Issue advice
Replies: 16
Views: 1169

Re: Please Help with Mom's Variable Annuity and Budget

Carter, A statement follows from me that is rare, but not never. The sister is evil. She has manipulated your mother into everything. There is some guilt she has laid on your mother probably. I cannot believe these people have two properties and 2 car loans. It sounds like they spend the nights watc...
by Calm Man
Thu Jul 24, 2014 9:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Please Help with Mom's Variable Annuity and Budget
Replies: 13
Views: 822

Re: Mutual fund account with Vanguard or MerrillEdge?

If you would let bonuses be a consideration in your equation, I'd go with Merrill Edge and collect bonus. I don't do anything for 1-time bonuses investment-wise. Good luck.
by Calm Man
Thu Jul 24, 2014 5:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Mutual fund account with Vanguard or MerrillEdge?
Replies: 30
Views: 1007

Re: Please Help with Mom's Variable Annuity and Budget

Sister certainly helps to suck mom dry with her spending and expecting mom to pay. In addition mom won't say no, and has been a spend thrift herself. She just recently started to panic now that the ship is sinking. Calm man, it looks like the Ira is tied to the VA...are you saying there is a way to...
by Calm Man
Thu Jul 24, 2014 12:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Please Help with Mom's Variable Annuity and Budget
Replies: 13
Views: 822

Re: Buying a car- 2011 Lexus IS 250 9k miles

I think that a young man making 70K should spend as little as possible on a car, not buy himself a Lexus, even if used.
by Calm Man
Thu Jul 24, 2014 11:38 am
 
Forum: Personal Consumer Issues
Topic: Buying a car- 2011 Lexus IS 250 9k miles
Replies: 27
Views: 1923

Re: Please Help with Mom's Variable Annuity and Budget

Carter, This is so sad to see that I think most of us are in shock. Two adults living together, one a teacher no less, who are in such a mess. I guess they typical advice would be in order. To pay down debts, to spend as little as possible and to optimize the IRA. I"m not sure the VA is the way...
by Calm Man
Thu Jul 24, 2014 11:36 am
 
Forum: Investing - Help with Personal Investments
Topic: Please Help with Mom's Variable Annuity and Budget
Replies: 13
Views: 822

Re: Do you split in-state and fed munis? If so, how?

My muni bonds are all invested in CA, not split across a national fund. I justify it as my muni holdings represent 10% of my overall portfolio. Avoiding the 9.3% CA tax hit makes the single state risk worthwhile for me. If you itemize, you should adjust the 9.3% state tax hit by your federal margin...
by Calm Man
Thu Jul 24, 2014 11:20 am
 
Forum: Investing - Help with Personal Investments
Topic: Do you split in-state and national munis? If so, how?
Replies: 16
Views: 666

Re: Variable Annuity funding BY Cd's good or bad?

Calm Man Thank you ... that was my thinking also .... problem solved .... but just wanted confirmation. It is indeed my pleasure to actually help somebody !!! Let me take it further as you are likely rather young. Don't ever let little amounts bother you for anything. I have drummed this finally su...
by Calm Man
Wed Jul 23, 2014 10:19 pm
 
Forum: Investing - Theory, News & General
Topic: Variable Annuity funding BY Cd's good or bad?
Replies: 6
Views: 326

Re: Will not using my dishwasher cause problems?

I wouldn't sweat it. I just wouldn't use it at all. I lived in a house I owned for 9 years and never used the dishwasher as I lived alone. I sold the house and no hit squad ever came after me. I then lived with a wife for 2 years (that ended quickly) and she ran the dishwasher every day. It seemed t...
by Calm Man
Wed Jul 23, 2014 9:51 pm
 
Forum: Personal Consumer Issues
Topic: Will not using my dishwasher cause problems?
Replies: 41
Views: 1874

Re: Dumb 3rd grade math question about beach house rental

I must be out of my mind. I am sitting here thinking that either the person who did the inviting should pay it all, or, if it was agreed to split it, what difference does it make if one pair is there for 6 or 8 or 10 days? Does the cost differ materially except for maybe some less use of electricity...
by Calm Man
Wed Jul 23, 2014 9:38 pm
 
Forum: Personal Consumer Issues
Topic: Dumb 3rd grade math question about beach house rental
Replies: 45
Views: 2615

Re: Riding the Rails--my Amtrak trip

I am getting concerned reading about the delays. I hate planes. Did I say I hate planes. I only take them when I must and only for must business trips, which hopefully will be over soon. I am "spoiled" by Amtrak on the Northeast corridor which is not horrible although almost every time I a...
by Calm Man
Wed Jul 23, 2014 9:22 pm
 
Forum: Personal Consumer Issues
Topic: Riding the Rails--my Amtrak trip
Replies: 38
Views: 3355

Re: Variable Annuity funding BY Cd's good or bad?

OP, are you saying you are concerned about income taxes on $150 per month of CD income? That should be of no consequence as it is tiny.
by Calm Man
Wed Jul 23, 2014 9:15 pm
 
Forum: Investing - Theory, News & General
Topic: Variable Annuity funding BY Cd's good or bad?
Replies: 6
Views: 326

Re: Need Help and totally confused!!

I'm very sorry for your loss. I hope you don't mind if I do a little hijacking here. Every time one of our men talk about how the wife can't or won't learn anything about investing, I point out just what this poster is saying. And guess what? She's completely competent and can do fine. She has to le...
by Calm Man
Wed Jul 23, 2014 9:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need Help and totally confused!!
Replies: 28
Views: 1762

Re: Do you split in-state and fed munis? If so, how?

I am in a minority. I only use CA IT TE. Many others recommend no more than 50% in CA, the rest in National. For me, most of my bonds are not in taxable, so the amounts just aren't that big. I think at the peak, I was 50% CA muni and 50% taxable in tax-deferred accounts (if you can make sense of ta...
by Calm Man
Wed Jul 23, 2014 9:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do you split in-state and national munis? If so, how?
Replies: 16
Views: 666

Re: What's Golf Course Frontage Worth - Indianapolis

I once looked into one of these communities. The real estate agent was being very positive about being on a tee. I figured that having my back yard right near the tee would mean a whole bunch of people having no choice but to look at me all day if in the backyard, that I wold have to see them all da...
by Calm Man
Wed Jul 23, 2014 6:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: What's Golf Course Frontage Worth - Indianapolis
Replies: 19
Views: 1200

Re: Please help settle an argument

When one takes a car loan, one doesn't have title to the car. It hated that when I had a loan when I had my first car many years ago. Never again. We are in a world of low returns and low interest rates. Anything can go down in value just like up. If you have the cash, I say pay it. Quibbling about ...
by Calm Man
Wed Jul 23, 2014 2:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Please help settle an argument
Replies: 23
Views: 1921

Re: Riding the Rails--my Amtrak trip

Excellent report. Please keep posting.
For OP or others who have done something similar -- an itinerary with so many train segments is a lot to keep track of I guess. But for the conductors on the train, does one need to print out 12 "tickets" or how is this managed?
by Calm Man
Wed Jul 23, 2014 1:58 pm
 
Forum: Personal Consumer Issues
Topic: Riding the Rails--my Amtrak trip
Replies: 38
Views: 3355

Re: Reaching Severe Burnout - Can I Scale Back Career?

I too felt stressed out reading the post. If you were married to my daughter, I would pray to the lord that you did not go ahead and have children until this is all settled. I am also suggesting that throwing a baby into the mix with you in this state could have very disastrous results. First get th...
by Calm Man
Wed Jul 23, 2014 1:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Reaching Severe Burnout - Can I Scale Back Career?
Replies: 47
Views: 4389

Re: Wife returning to work - Wisconsin Retirement System qs

Just for clarification, is this system such that each employee has his/her own account so what you are investing is all your own and does not go into some general fund like most other states where you get an annuity (in whole or part)? If so that's good and then you would just invest it as a part of...
by Calm Man
Wed Jul 23, 2014 9:58 am
 
Forum: Investing - Help with Personal Investments
Topic: Wife returning to work - Wisconsin Retirement System qs
Replies: 13
Views: 772

Re: If Argentina Defaults

I do not know the politics of nor the inner workings of Argentinian business. I am dismayed to read several posters here who do not appear to have an axe to grind actually propose that the country operates in a literally mob-like manner. But I do know that Argentina has defaulted on its debts in the...
by Calm Man
Wed Jul 23, 2014 9:51 am
 
Forum: Investing - Theory, News & General
Topic: If Argentina Defaults
Replies: 21
Views: 1945

Re: If Argentina Defaults

What about betting on the Argentinian soccer team?
by Calm Man
Tue Jul 22, 2014 9:29 pm
 
Forum: Investing - Theory, News & General
Topic: If Argentina Defaults
Replies: 21
Views: 1945

Re: Help with fixing my portfolio

[OT comment removed by admin LadyGeek]
by Calm Man
Tue Jul 22, 2014 8:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with fixing my portfolio
Replies: 6
Views: 560

Re: Vanguard Account Owners - has this happened to you?

Wow. Glad they will reverse it. I have never heard of anything like that and as Id o not check my Vanguard nor banking accounts daily, it is very disquieting. OP, could you please ask your Flagship re to explain to you WHAT HAPPENED? And could you then tell us?
by Calm Man
Tue Jul 22, 2014 8:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Account Owners - has this happened to you?
Replies: 17
Views: 2607

Re: Inheritance: Cash or Investments?

OP, listen to livesoft on this one (and almost anything). If you get it in cash, the executor will have to do the tax filing for all of the sales, investments, etc and you start with a fully clean slate.
by Calm Man
Tue Jul 22, 2014 7:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Inheritance: Cash or Investments?
Replies: 15
Views: 1306

Re: Thoughts on [not] rebalancing

I think it's fine not to rebalance. Particularly at the time that is most beneficial, where if the asset falling (say stocks in a big crash) keeps falling and you might bail out. Here is the problem with never rebalancing, which I am beginning to ponder: Let's say you are 50/50 (I'm guilty). And you...
by Calm Man
Tue Jul 22, 2014 2:47 pm
 
Forum: Investing - Theory, News & General
Topic: Thoughts on [not] rebalancing
Replies: 12
Views: 664

Re: Intimidated by Trustee and Investment Advisor

OP, I have read this a few times. There is a lot at stake here. It is possible, but not certain, that you are being robbed. Maybe not. At this point, you can relieve your anxieties by simply getting your own lawyer who has a responsibility to you and you only. Pay him/her by the hour. It will be wi...
by Calm Man
Tue Jul 22, 2014 2:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Intimidated by Trustee and Investment Advisor
Replies: 32
Views: 3773

Re: Slice and Dicers -- Plans when you can't manage it anymo

OP, you are speaking as though your wife is mentally defective. I doubt she is. Why don't you give her a chance? That said, I see no reason to be more complicated than a 3-fund or even 2-fund portfolio.
by Calm Man
Tue Jul 22, 2014 1:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Slice and Dicers -- Plans when you can't manage it anymore?
Replies: 38
Views: 2211

Re: Buying in ok neighborhood vs good neighborhood

No way I'm paying 620K (or 400K or zero K) to be 8 blocks from an area with Your words):
Burglary and theft from motor vehicle
Retail theft
burglary to garage or apt
Armed robbery
Aggravated assault.

At least I don't see murders on the list. But still. Are you kidding?
by Calm Man
Tue Jul 22, 2014 12:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying in ok neighborhood vs good neighborhood
Replies: 27
Views: 1669

Re: VMMXX: Finally Pulled the Trigger

What's wrong with keeping cash in a money market?
by Calm Man
Mon Jul 21, 2014 10:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: VMMXX: Finally Pulled the Trigger
Replies: 20
Views: 2659

Re: Beneficiaries

Why don't you trust your spouse to look after your kids should you die? Looking after them doesn't mean she can't remarry and use the money she inherited on her new husband, his kids from a previous marriage, and the kids they will have together. Oh, and if anything is left over, a tuppence for the...
by Calm Man
Mon Jul 21, 2014 10:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Beneficiaries
Replies: 23
Views: 1350

Re: Intimidated by Trustee and Investment Advisor

OP, I have read this a few times. There is a lot at stake here. It is possible, but not certain, that you are being robbed. Maybe not. At this point, you can relieve your anxieties by simply getting your own lawyer who has a responsibility to you and you only. Pay him/her by the hour. It will be wil...
by Calm Man
Mon Jul 21, 2014 9:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Intimidated by Trustee and Investment Advisor
Replies: 32
Views: 3773

Re: How to track expenses to the penny?

I would suggest that tracking spending to the penny is a losing mentality. Until you can get past that, I think you're not in good shape. Rather, round off to the nearest -- you fill in the blanks.
by Calm Man
Mon Jul 21, 2014 9:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to track expenses to the penny?
Replies: 40
Views: 2625

Re: How would you handle this situation if it was you.

You are in a tough situation. However, I would not ever by "a crappy house" (your words). I also would suggest you move out of the basement with no kitchen and into a real apartment. One thing that you maybe didn't consider was the cost of the car. Gee, your car loan alone is more than you...
by Calm Man
Mon Jul 21, 2014 5:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: How would you handle this situation if it was you.
Replies: 15
Views: 1959

Re: Hw many credit cards to own?

I have had one for the last 20 years. I like simplicity. One automatic debit per month to pay it. It is a Chase Freedom Card. I know I don't get maximal possible benefits but I don't care. I will never borrow any money for anything ever again but I know your credit score gets checked on occasion, fo...
by Calm Man
Mon Jul 21, 2014 4:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Hw many credit cards to own?
Replies: 68
Views: 3797
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