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Re: Bloomberg article on 401(k) rollover scam

Tarr, who left Royal Alliance in 2010, stands by her advice, saying the investments held up well in a difficult market. She said she didn’t even know about the commissions each investment paid and wanted to do what was best for her clients . Is it realistic a broker wouldn't know about commissions....
by Cautious Optimist
Tue Jun 17, 2014 9:29 am
 
Forum: Investing - Theory, News & General
Topic: Bloomberg article on 401(k) rollover scam
Replies: 10
Views: 1301

Re: Pull-ups and Push-ups

To echo others, on my fridge I have posted a reminder: "You can't out exercise a bad diet"...Sadly it took me some time to learn that one but now I get it...

Thanks for the wall sit exercise - I'll incorporate that immediately.
by Cautious Optimist
Tue Jun 03, 2014 8:47 am
 
Forum: Personal Consumer Issues
Topic: Pull-ups and Push-ups
Replies: 350
Views: 46461

Re: Cash in Safe Deposit Box..??

Cash in savings account = backing of FDIC Cash in safe deposit box = you're on your own Funny when he and I were originally talking about this I remembered a "Happy Days" episode when Fonzie was asked about why he kept his money in his home he said "Banks get robbed, the Fonz does no...
by Cautious Optimist
Wed May 28, 2014 5:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cash in Safe Deposit Box..??
Replies: 60
Views: 3906

Re: Cash in Safe Deposit Box..??

I wouldn't personally keep cash in one, but I use one for lots of other stuff. That's what I thought...Yes other stuff but not cash... So cut your friend some slack. If he sleeps better with some cash, then it's worth the price to him. Perhaps I should edit my original post - its not like we had a ...
by Cautious Optimist
Tue May 27, 2014 10:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cash in Safe Deposit Box..??
Replies: 60
Views: 3906

Re: Cash in Safe Deposit Box..??

Calm Man wrote:I would dismiss you too !!!

Nice...
Calm Man wrote:Savings accounts are yielding close to zero.

Last I heard "close to zero" = more than zero...
Calm Man wrote:Maybe he doesn't want somebody or some entity to know about this cash.

Wrong
Calm Man wrote:Why would you care?

He's my friend...
by Cautious Optimist
Tue May 27, 2014 10:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cash in Safe Deposit Box..??
Replies: 60
Views: 3906

Cash in Safe Deposit Box..??

Recently a friend told me he keeps cash in a bank safe deposit box (SDB) because he likes having cash "on hand", but likes having it away from home in case of fire, theft, flood, etc. I told him his cash is losing value (inflation), and that a SDB (for which he pays $40/year) offers little...
by Cautious Optimist
Tue May 27, 2014 10:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cash in Safe Deposit Box..??
Replies: 60
Views: 3906

Re: Roth IRA withdrawal question

archbish99 wrote:You can always withdraw contributions, plus you can withdraw up to $10k of earnings toward a first home purchase. No time limitation on how long you've had the IRA, though there's a limit on time between taking the distribution and making the purchase.


OK thanks for your reply...
by Cautious Optimist
Tue May 13, 2014 10:51 am
 
Forum: Investing - Help with Personal Investments
Topic: Roth IRA withdrawal question
Replies: 6
Views: 435

Roth IRA withdrawal question

Can someone clarify the rules regrading Roth IRA withdrawals, specifically for a first-time home purchase? I believe the following to be true: 1) I can take a qualified withdrawal (up to 10k) for first time home purchase so long as I've held the Roth IRA 5 years or more. 2) I can withdraw contributi...
by Cautious Optimist
Tue May 13, 2014 10:19 am
 
Forum: Investing - Help with Personal Investments
Topic: Roth IRA withdrawal question
Replies: 6
Views: 435

Re: Social Security to resume benefits statement mailings

Interesting. I wasn't sure why they stopped mailing my statements but it makes sense now. Not sure if I'll sign up on-line - if i do I might start checking it compulsively, plus it'd be another potential security breach I'll worry about - but I would appreciate yearly updates rather than every 5 yea...
by Cautious Optimist
Mon Apr 21, 2014 4:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security to resume benefits statement mailings
Replies: 8
Views: 1488

Re: Cutting ties with Cable

It can definitely be done although your dependence on sports is really the only challenge. Can you say more about this..?? I am close to considering cutting the cable cord but am ignorant about the alternatives. I am a diehard Yankees fan (would need the YES network) as well as football. Sadly I do...
by Cautious Optimist
Thu Apr 03, 2014 9:40 am
 
Forum: Personal Consumer Issues
Topic: Cutting ties with Cable
Replies: 43
Views: 3540

Re: Cutting ties with Cable

BogLearner wrote: It can definitely be done although your dependence on sports is really the only challenge.


Can you say more about this..?? I am close to considering cutting the cable cord but am ignorant about the alternatives. I am a diehard Yankees fan (would need the YES network) as well as football.
by Cautious Optimist
Thu Apr 03, 2014 8:50 am
 
Forum: Personal Consumer Issues
Topic: Cutting ties with Cable
Replies: 43
Views: 3540

Re: New mutual funds better than older ones? - CNNMoney

There has got to be a better explanation for these findings.

If in fact staying abreast of "the latest academic research" resulted in consistently beating the market someone would have a fund that markets itself as doing so, no..??
by Cautious Optimist
Mon Mar 03, 2014 10:00 am
 
Forum: Investing - Theory, News & General
Topic: New mutual funds better than older ones? - CNNMoney
Replies: 6
Views: 598

How Much of Tax Refund Do You Save/Spend..??

I'm happy to be getting a refund but disappointed I can't invest it all. - About 35% will be invested (replenishing EF) - About 50% is paying costs of a professional conference slash mini-getaway (conference, airfare, hotel, expenses) - The remainder will be spent on stuff I need (shoes, clothes, et...
by Cautious Optimist
Sun Mar 02, 2014 10:13 am
 
Forum: Personal Finance (Not Investing)
Topic: How Much of Tax Refund Do You Save/Spend..??
Replies: 68
Views: 2751

Re: How much to get your taxes done?

frugaltype wrote:only the amount of your unreimbursed allowable medical and dental expenses that is more than 10 percent of your adjusted gross income (AGI) from Form 1040, line 38.


If this is all there is to it, it's a simple answer for me...Thank you for your reply frugaltype.
by Cautious Optimist
Sun Feb 02, 2014 6:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much to get your taxes done?
Replies: 31
Views: 3104

Re: How much to get your taxes done?

Along this line how much could using a CPA be worth..?? I've done my own taxes for years yet always wonder if I'm missing something (i.e., a larger refund).

I take the standard deduction, have no mortgage to write off but spent over 5K this year in medical costs I would love to write off...
by Cautious Optimist
Sun Feb 02, 2014 11:30 am
 
Forum: Personal Finance (Not Investing)
Topic: How much to get your taxes done?
Replies: 31
Views: 3104

Re: Dating, Gender, & Wealth Differences...

VictoriaF wrote:The OP may be a highly desirable partner for many of these women, regardless of their income. Victoria


Thank you - I like to think that is so...And again thanks to all for the thoughts...
by Cautious Optimist
Mon Jan 06, 2014 2:32 pm
 
Forum: Personal Consumer Issues
Topic: Dating, Gender, & Wealth Differences...
Replies: 102
Views: 6125

Re: Dating, Gender, & Wealth Differences...

Thanks for the replies. I appreciate all the different perspectives...
by Cautious Optimist
Mon Jan 06, 2014 1:09 pm
 
Forum: Personal Consumer Issues
Topic: Dating, Gender, & Wealth Differences...
Replies: 102
Views: 6125

Dating, Gender, & Wealth Differences...

Hi all. I am a male, mid 40's, living in the NYC area and on the dating scene. Needless to say many of the women I come across are (on paper at least) seemingly much more financially heeled than I. For example they work as lawyers, corporate, finance, etc. and many often own homes in NYC, typically ...
by Cautious Optimist
Mon Jan 06, 2014 11:51 am
 
Forum: Personal Consumer Issues
Topic: Dating, Gender, & Wealth Differences...
Replies: 102
Views: 6125

Re: 2014 New Year's Resolutions

1) Start automating monthly into non-ret. savings
2) Try to increase automated monthly Roth contribution
3) Spend less/live more
4) Hope for a raise
by Cautious Optimist
Fri Dec 27, 2013 12:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: 2014 New Year's Resolutions
Replies: 4
Views: 327

Re: Financial failures

Wish I chose a career path that pays big $$$ instead of trying to "help others"... :oops:
by Cautious Optimist
Tue Nov 12, 2013 9:02 am
 
Forum: Personal Finance (Not Investing)
Topic: Financial failures
Replies: 55
Views: 3325

Re: Gloves & working with food

An interesting post, as I'm probably overly paranoid and very conscious of whether my food handler is using bare skin or gloves, and whether said gloves are clean or not (and of course who knows how food is handled in a kitchen out of view). Having said that I've been eating out for years and have n...
by Cautious Optimist
Wed Oct 30, 2013 12:23 pm
 
Forum: Personal Consumer Issues
Topic: Gloves & working with food
Replies: 32
Views: 1407

Re: Washinton Post article on personal Debt

High debt and little to no retirement savings seems to have become the norm (for non BH's that is), and I wonder if by simply not having debt and having adequate retirement savings and EF puts one ahead (whatever that means).
by Cautious Optimist
Thu Oct 24, 2013 9:07 am
 
Forum: Personal Finance (Not Investing)
Topic: Washington Post article on personal Debt
Replies: 23
Views: 4001

Re: Fido did it to me earlier this year

Marmot wrote:I endorsed the check and Fedex'ed it to Vanguard same day.


Then perhaps it'll be as simple for me in this case. Thank you for the response...
by Cautious Optimist
Tue Oct 15, 2013 7:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Asset transfer question
Replies: 9
Views: 514

Re: Asset transfer question

ieee488 wrote:
Rainier wrote:And why would you have a check sent to yourself?

Maybe the OP had no choice.


Exactly. I'm not sure where I indicated I had a check sent to myself.
by Cautious Optimist
Tue Oct 15, 2013 7:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Asset transfer question
Replies: 9
Views: 514

Asset transfer question

I am transferring 100% of a Roth IRA from Fidelity to T. Rowe Price. (As an aside I now have no more remaining funds with Fidelity after having used them for a few years). I printed and snail-mailed the request to TRP and was notified they had received it (I called them to check) but that Fidelity w...
by Cautious Optimist
Tue Oct 15, 2013 4:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Asset transfer question
Replies: 9
Views: 514

Student Loan Interest Rates

I'm curious what BH's consider the cutoff for "good" or "bad" student loan interest rates. I currently owe ~ 13K at 5.35%. I once considered this a good rate but I see people posting rates much lower than that. OTOH a recent poster noted their loan rate is ~ 7% which does seem hi...
by Cautious Optimist
Wed Oct 02, 2013 12:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Student Loan Interest Rates
Replies: 1
Views: 283

Re: How do you compare with other investors your age?

My two rules: 1) How much do I have..?? Not enough 2) How much do I need..?? More..!!
by Cautious Optimist
Sat Sep 21, 2013 8:48 am
 
Forum: Investing - Theory, News & General
Topic: How do you compare with other investors your age?
Replies: 50
Views: 7938

Re: Smoke detectors chirping

Issue resolved - thanks all for your replies... I spoke too soon - about 8-10 hours after changing all the batteries the chirping started again, leading me to believe the detector(s) need replacing. I rent so will have to call landlord. In the meantime I've removed the battery from the chirping det...
by Cautious Optimist
Fri Sep 20, 2013 10:22 am
 
Forum: Personal Consumer Issues
Topic: Smoke detectors chirping
Replies: 27
Views: 1895

Re: Smoke detectors chirping

If your detectors are connected to each other, a problem in one may cause chirping in another. Did you replace batteries in all of the detectors? This - I thought I had until I discovered (I'm only in this place one year) a 4th detector in my heating/a/c "closet"... Issue resolved - thank...
by Cautious Optimist
Thu Sep 19, 2013 11:26 am
 
Forum: Personal Consumer Issues
Topic: Smoke detectors chirping
Replies: 27
Views: 1895

Smoke detectors chirping

What aside from a low battery can explain intermittent chirping..?? I've replaced the batteries but to no avail. This is a new problem and seems to have only worsened since replacing the batteries...

Any help is appreciated
by Cautious Optimist
Thu Sep 19, 2013 9:46 am
 
Forum: Personal Consumer Issues
Topic: Smoke detectors chirping
Replies: 27
Views: 1895

Re: Percentage of portfolio not indexed...

"Index funds" isn't the answer. It is about being well diversified, low-cost, passive and tax-efficient. Of course, but on these boards "being indexed" is pretty much a fair proxy for this. Excellent question by OP to make me think and analyze. Thank you. I am really torn betwee...
by Cautious Optimist
Fri Sep 13, 2013 10:44 am
 
Forum: Investing - Help with Personal Investments
Topic: Percentage of portfolio not indexed...
Replies: 30
Views: 2008

Percentage of portfolio not indexed...

What percentage (if any) of your portfolio is not indexed..?? If you're not 100% indexed why..?? I am roughly 20% not indexed, with half in TRP Cap App., a quarter in TRP Media/Telecomm (I know a sector fund but it has been good to me), and a quarter cash. Any thoughts on the two types of funds abov...
by Cautious Optimist
Thu Sep 12, 2013 10:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Percentage of portfolio not indexed...
Replies: 30
Views: 2008

Re: Fidelity Spartan Inflation Protected Bond Index

I am likely to buy into a TIPS fund at Fidelity in the near future. While originally I was set on FIPBX (Spartan TIPS Index) would anyone instead suggest FINPX (Non-Index TIPS fund) due to the dividend issue discussed here..?? The ER for the non-Index fund I would buy is about 0.25% higher...
by Cautious Optimist
Tue Aug 13, 2013 8:13 am
 
Forum: Investing - Theory, News & General
Topic: Fidelity Spartan Inflation Protected Bond Index
Replies: 22
Views: 2180

Re: New Car or Drive My Civic to the Ground?

My understanding of Boglehead philosophy is it's about affordability. Driving a car into the ground doesn't make you a Boglehead if you lose work hours and job opportunities due to excessive auto repairs. Similarly, buying a brand new car doesn't make you not a Boglehead if the peace of mind of a n...
by Cautious Optimist
Mon Aug 12, 2013 6:45 pm
 
Forum: Personal Consumer Issues
Topic: New Car or Drive My Civic to the Ground?
Replies: 56
Views: 4784

Re: New Car or Drive My Civic to the Ground?

I face a similar issue - I drive an old car (1999) with high mileage (135k+) which will likely soon need replacement and/or become repair-cost prohibitive and I'm curious what Boglehead philosophy says about cars. I assume something like "if it isn't broke don't fix it" but am curious whet...
by Cautious Optimist
Mon Aug 12, 2013 5:11 pm
 
Forum: Personal Consumer Issues
Topic: New Car or Drive My Civic to the Ground?
Replies: 56
Views: 4784

Re: Next step: the no-index index fund

No thank you...
by Cautious Optimist
Thu Aug 08, 2013 5:37 pm
 
Forum: Investing - Theory, News & General
Topic: Next step: the no-index index fund
Replies: 38
Views: 3135

Re: Hearing Aids

Thank you both for your replies. The one thing "stressing" me (relatively) is that I have a 30 return window if it turns out I don't want these and would rather go back to my ITE models, so I guess that is another adjustment for me - having the physical devices behind my ears as opposed to...
by Cautious Optimist
Thu Aug 08, 2013 5:35 pm
 
Forum: Personal Consumer Issues
Topic: Hearing Aids
Replies: 82
Views: 6540

Re: Hearing Aids

So I just took delivery on a new pair of Phonak Naida Q70 aids. I know I have to give it time (at least one week before making any changes) but 24 hours in I am thinking they sound more like microphones than hearing aids. I am not new to hearing aids and am familiar with allowing time to adjust but ...
by Cautious Optimist
Thu Aug 08, 2013 2:54 pm
 
Forum: Personal Consumer Issues
Topic: Hearing Aids
Replies: 82
Views: 6540

Re: Traditional IRA conversions

I think I might do three things now. 1. Add to my Roth IRA fully every year eligible. 2. Put some into an SEP-IRA and 3.Put some into a traditional IRA and immediately convert to a roth IRA so I can have a larger amount growing tax free. Not sure how you could do all these: If you max out the yearl...
by Cautious Optimist
Tue Jul 23, 2013 6:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Traditional IRA conversions
Replies: 5
Views: 518

Total Int'l Index NAV: Investor vs. Admiral

I just converted to Admiral shares of this and am wondering why the NAV is so different for the Investor vs. Admiral share classes whereas for TSM and TBM the NAV's are the same...

I assumed the only difference between these two share classes is administrative, no..??
by Cautious Optimist
Tue Jul 23, 2013 5:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Total Int'l Index NAV: Investor vs. Admiral
Replies: 2
Views: 319

Re: 50:50 Total Bond & Total International Bond??

I don't think you'll find much love here for that Int'l Bond fund...not yet at least...
by Cautious Optimist
Fri Jul 19, 2013 4:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: 50:50 Total Bond & Total International Bond??
Replies: 3
Views: 434

Re: Hearing Aids

I made a consultation appt. for next week for a hearing test and to "discuss" buying new hearing aids. I currently use ITE aids but am considering BTE. Can anyone speak to experiences with BTE i.e., durability, etc. in comparison to ITE's..?? Generally ITEs are not as durable. ITEs are 10...
by Cautious Optimist
Thu Jul 18, 2013 8:48 am
 
Forum: Personal Consumer Issues
Topic: Hearing Aids
Replies: 82
Views: 6540

Re: Hearing Aids

The tube has a gizmo (technical term) at the end that delivers the enhanced sound; it connects to a plastic cap that fits into the canal (one size fits all). This plastic cap guides the sound into the ear and has several holes that allow 'normal' sound to enter the ear as well. This plastic cap nee...
by Cautious Optimist
Wed Jul 17, 2013 5:25 pm
 
Forum: Personal Consumer Issues
Topic: Hearing Aids
Replies: 82
Views: 6540

Re: Hearing Aids

I like the BTE because it allows you to hear with your ears (whatever natural sound you have left) since the unit does not block the whole canal. The mics sit atop the BTE unit and feeds sound into the ear via the clear tube. Good luck Thanks for your reply. On the BTE's do the tubes need regular r...
by Cautious Optimist
Wed Jul 17, 2013 9:42 am
 
Forum: Personal Consumer Issues
Topic: Hearing Aids
Replies: 82
Views: 6540

Re: Hearing Aids

I made a consultation appt. for next week for a hearing test and to "discuss" buying new hearing aids. I currently use ITE aids but am considering BTE. Can anyone speak to experiences with BTE i.e., durability, etc. in comparison to ITE's..??
by Cautious Optimist
Tue Jul 16, 2013 10:04 pm
 
Forum: Personal Consumer Issues
Topic: Hearing Aids
Replies: 82
Views: 6540

Re: The hazards of retiring ...

"For each additional year of work, the risk of getting dementia is reduced by 3.2%," Carole Dufoil, a scientist at INSERM, the French government's health research agency, told the Associated Press. Silver lining... Years of work/years retired per se is too flimsy as a causative explanatio...
by Cautious Optimist
Mon Jul 15, 2013 6:37 pm
 
Forum: Personal Consumer Issues
Topic: The hazards of retiring ...
Replies: 73
Views: 8433

Re: What George Constanza has to teach us about investing

George was certainly cost averse and would likely chafe (perhaps like his suit did in one episode) at the idea of high ER's...
by Cautious Optimist
Mon Jul 15, 2013 1:32 pm
 
Forum: Investing - Theory, News & General
Topic: What George Constanza has to teach us about investing
Replies: 28
Views: 4353

Re: Hearing Aids

* Hearing aids are deductible like any other medical expense, which means for most of us, to the extent they exceed 7.5% of your AGI. This was very disappointing to learn as I fully expected more generosity considering hearing aids are expensive, need be replaced every few years, and are commonly a...
by Cautious Optimist
Sun Jul 14, 2013 9:46 pm
 
Forum: Personal Consumer Issues
Topic: Hearing Aids
Replies: 82
Views: 6540

Re: Hearing Aids

I'm curious as to others experience with how long their hearing aids last - My rule of thumb has been 4-6 years...I currently have ReSound ITE shell models... I'm also curious as to others experience with knowing whether/when a hearing aid is dying (i.e., warning signs) and thus time for a replacem...
by Cautious Optimist
Sun Jul 14, 2013 2:43 pm
 
Forum: Personal Consumer Issues
Topic: Hearing Aids
Replies: 82
Views: 6540

Re: Is Small Cap International Worth Extra Cost?

My reasons: Much better diversification, and market weight in emerging markets. The difference in ER is only 0.02%. Yes, VFSVX has purchase/redemption fees, but those are one time costs. Buy shares, hold for 25 years, and sell (assuming the redemption fee is still there), and it's the equivalent of...
by Cautious Optimist
Sat Jul 13, 2013 11:22 pm
 
Forum: Investing - Theory, News & General
Topic: Is Small Cap International Worth Extra Cost?
Replies: 17
Views: 1836
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