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Re: IRS Announces new 401(k) contribution max for 2015 ($18,

Thanks for the explanations everyone. I should have remembered that $500 is a larger percent of $5500 than $17500.
by Clever_Username
Thu Oct 23, 2014 11:42 pm
 
Forum: Investing - Theory, News & General
Topic: IRS Announces new 401(k) contribution max for 2015 ($18,000)
Replies: 50
Views: 7462

Re: IRS Announces new 401(k) contribution max for 2015 ($18,

nwffdiver wrote:That's good news, but I really wish they would raise the IRA limit, so I could put more into our Roths.


Can someone explain to me why they aren't raising the IRA limit also? I'm sure there's a logical reason for it, I just don't get it.
by Clever_Username
Thu Oct 23, 2014 3:23 pm
 
Forum: Investing - Theory, News & General
Topic: IRS Announces new 401(k) contribution max for 2015 ($18,000)
Replies: 50
Views: 7462

Re: "I've had it" at work - how often

When I worked as a programmer, regularly. Maybe 2-3 times a month. But I had a boss who was (probably still is) an idiot. I left that job in favor of one that pays less, but in over a year, I haven't had a single "I've had it" moment -- and several "this is why I love this job" m...
by Clever_Username
Sat Oct 18, 2014 11:05 am
 
Forum: Personal Finance (Not Investing)
Topic: "I've had it" at work - how often
Replies: 151
Views: 12634

Re: Employer finding out you have a financial cushion?

I should think a valued, but financially-secure, employee has much better leverage. After all, a "cushion" can be in the form of "bye-bye" money, or personal marketability. TMND used to say 10 years of money was enough to walk away, I know colleagues of mine who are seeking to g...
by Clever_Username
Sun Sep 07, 2014 8:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Employer finding out you have a financial cushion?
Replies: 72
Views: 8496

Re: POLL: QB Aaron Rodgers disproves the EMH

I think the OP makes a good point. I disagree with in_reality. Rodgers played a position that not many teams needed that year, so his services were not as highly valued. I think another interesting point is if Rodgers had been drafted by a team other than the Green Bay Packers he may not have had t...
by Clever_Username
Thu May 29, 2014 7:28 pm
 
Forum: Investing - Theory, News & General
Topic: POLL: QB Aaron Rodgers disproves the EMH
Replies: 39
Views: 3683

Re: How to have a life if you can't save 6months expenses?

Google Liz Weston and the 50/30/20 budget. 50% of your net income goes to rent, bills, etc FIXED 20% to savings which includes mortgage principal and other loan reductions SAVINGS 30% for dinners out, vacations, "fun". DISCRETIONARY Your hypothetical person (thus perhaps unactionable and ...
by Clever_Username
Sun May 18, 2014 11:00 am
 
Forum: Personal Finance (Not Investing)
Topic: How to have a life if you can't save 6months expenses?
Replies: 20
Views: 2242

Re: Stock Market to Plunge? What a friend said.

There's always some reason or another to not invest, or to try some strategy that has failed spectacularly in the past. It's best to tune out the noise.
by Clever_Username
Wed May 14, 2014 9:26 pm
 
Forum: Investing - Theory, News & General
Topic: Stock Market to Plunge? What a friend said.
Replies: 78
Views: 6222

Re: Poll: Do you own Total Bond Market?

Yep, in my rollover (traditional) IRA and also in my 403(b).
by Clever_Username
Sun May 11, 2014 8:45 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: Do you own Total Bond Market?
Replies: 50
Views: 4564

Re: Obligations to help parents financially?

And why does the "this is small money" argument always seem to come up when a financially irresponsible person is trying to dump a liability on a financially responsible person. This happened to us last year. We made a 30 day loan to a family member with clear and exact repayment expectat...
by Clever_Username
Sat May 10, 2014 10:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Obligations to help parents financially?
Replies: 77
Views: 7341

Re: Obligations to help parents financially?

Thankfully my sibling and I are extremely close and we’re working together on this. The thing is, they are early 20’s, live in a very expensive city, and want to go to grad school in a few years. It would be difficult for them to pay even their portion of the loan, much less 50/50, for more than a ...
by Clever_Username
Thu May 08, 2014 10:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Obligations to help parents financially?
Replies: 77
Views: 7341

Re: Obligations to help parents financially?

My sibling has informed me that our mother took out the full amount of available PLUS loans for two years of their schooling, even though several thousand dollars of it wasn’t needed according to the financial aid office. We think our mom was using it for other things (we don’t know what). Of cours...
by Clever_Username
Wed May 07, 2014 11:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Obligations to help parents financially?
Replies: 77
Views: 7341

Re: Did you tell anyone you paid off your mortgage?

Man, I haven't even told most of my friends that I have a mortgage; they think I just moved back into the same apartment I lived in last time I lived in this city! I also haven't paid mine off yet, so I can't tell them that much. But my rate did just adjust from 3% nominal to 2.75% nominal and I can...
by Clever_Username
Fri May 02, 2014 11:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Did you tell anyone you paid off your mortgage?
Replies: 158
Views: 12882

Re: Are I Bonds a part of your portfolio?

there's significant new complexity in opening and maintaining a Treasury Direct account that I don't want to mess with. ????? I think the "drop in the bucket" part plays into it. Suppose your portfolio's bond allocation (and whatever you lump with bonds, if you lump anything with them) to...
by Clever_Username
Thu May 01, 2014 6:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Are I Bonds a part of your portfolio?
Replies: 53
Views: 4234

Re: Are I Bonds a part of your portfolio?

nisiprius wrote:If you want to pin me down, I guess I would say they are "interest-indexed cash" and are in place of bank accounts, bank CDs, and money market funds.


Do you mean "inflation-indexed cash" here?

Because I think that's a great term for what I intend to use mine for.
by Clever_Username
Wed Apr 30, 2014 11:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Are I Bonds a part of your portfolio?
Replies: 53
Views: 4234

Re: Does everyone have an Emergency Fund

I'm in the process of getting rid of mine. I currently have six months' expenses in the bank. Tomorrow, I'm going to finally buy some Series I Bonds : about one month's expenses worth. By the end of the year, I'll be able to buy about $10,000 worth (by putting less into taxable investments, but with...
by Clever_Username
Wed Apr 30, 2014 9:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does everyone have an Emergency Fund
Replies: 51
Views: 4747

Re: Youth and Risk

I wasn't really swayed by his argument; I am busy enough with work that I just do not have time for a side venture or even owning property and renting it. That's the sort of thing that could easily become a money sink. I would have to cut way back in my work to do that and that is not something I a...
by Clever_Username
Wed Apr 30, 2014 6:06 pm
 
Forum: Investing - Theory, News & General
Topic: Youth and Risk
Replies: 23
Views: 1642

Re: Total Bond Market expense ratio reduced now 0.08%

I believe investor shares' ratio was also reduced, since it's now .20% instead of .22% (which I think it was).
by Clever_Username
Tue Apr 29, 2014 9:50 am
 
Forum: Investing - Theory, News & General
Topic: Total Bond Market expense ratio reduced now 0.08%
Replies: 3
Views: 1239

Re: VTSAX er drops to 5 bps [Total Stk Mkt Index (Admiral)]

I didn't get the message this time, but when I did a mouse-over on the 0.05% in my balances and holdings view, it said it's as of 4/28/2014. So I guess I'm good.
by Clever_Username
Mon Apr 28, 2014 9:48 pm
 
Forum: Investing - Theory, News & General
Topic: VTSAX er drops to 5 bps [Total Stk Mkt Index (Admiral)]
Replies: 28
Views: 3003

Re: POLL: the WORST financial advice you've given/received?

Received? Or from a mutual fund sales rep: "Our fund managers deliver consistently good performance because they have a system ." Now seems as good a time as any to point out that "always buy the stock with the highest p/e ratio" is a system. Also, I now must vote yes in the pol...
by Clever_Username
Sun Apr 27, 2014 7:11 pm
 
Forum: Investing - Theory, News & General
Topic: POLL: the WORST financial advice you've given/received?
Replies: 61
Views: 15384

Re: Poll: Would you EVER recommend 100% equity?

classic case, just starting out investing when young in 20s, early 30s. go sp500. This is bogleheads.org though, where almost everyone reaches 100k well before 30 :D well.... speaking as an MD, I surely did not : ) MDs usually just out of residency circa 30 years old. Speaking as a different kind o...
by Clever_Username
Fri Apr 25, 2014 10:15 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: Would you EVER recommend 100% equity?
Replies: 136
Views: 27136

Re: What to say to financial planners/insurance brokers

LowER wrote:Repeat after me: "I AM A BOGLEHEAD."


I think that would qualify as an obstacle for them to overcome. Don't tell them what your mind has been made up to.
by Clever_Username
Thu Apr 24, 2014 11:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: What to say to financial planners/insurance brokers
Replies: 45
Views: 13376

Re: Bad 401K better than nothing?

placeholder wrote:For a temp job load it up since you can move it when you go.


If you need/want more tax-advantaged space, this is a great way to get it (as others have said). Bad 401(k)s have a habit of becoming good IRAs -- especially after a temp job!
by Clever_Username
Wed Apr 23, 2014 12:05 pm
 
Forum: Investing - Theory, News & General
Topic: Bad 401K better than nothing?
Replies: 7
Views: 670

Re: Typical fees for an account with Morgan Stanley ?

I have a friend who's been with Morgan Stanley since 1998. Last year, LAST YEAR! 2013 they managed to net an annual loss of 10K on his 250k portfolio. :oops: How did someone lose 4% last year? I'm wondering if I'd even be able to do it if I started January 1 2013 with full knowledge of what has hap...
by Clever_Username
Sun Apr 20, 2014 7:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Typical fees for an account with Morgan Stanley ?
Replies: 20
Views: 2257

Re: POLL: why carry cash?

I also always pay cash for gas. All the stations here charge a higher price for cc purchases. The station price situation is the same here, but the prices are usually 1% higher, while my CC gives me 3.3% back on gas purchases, so I come out paying less via credit card (plus the convenience). Might ...
by Clever_Username
Sat Apr 19, 2014 12:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: why carry cash?
Replies: 243
Views: 14220

Re: Amazon.com prices change quickly

If you think Amazon's prices change quickly (with Amazon as the seller), watch out for those 3rd party sellers! ;) Amazon’s $23,698,655.93 book about flies http://www.michaeleisen.org/blog/?p=358 Huh. And I thought that the Blu-Ray of the fourth Pirates of the Caribbean movie going up $2 or so yest...
by Clever_Username
Sat Apr 19, 2014 1:34 am
 
Forum: Personal Consumer Issues
Topic: Amazon.com prices change quickly
Replies: 59
Views: 7844

Re: POLL: why carry cash?

I almost never use cash. Maybe once a month I'll go to a family-owned restaurant near me that asks customers to pay cash if the bill is under $10 or so. They'll take CCs for any amount, but ask otherwise. When I go with friends and the bill is easily over $10, I pay with CC. Groceries, online orders...
by Clever_Username
Fri Apr 18, 2014 11:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: why carry cash?
Replies: 243
Views: 14220

Re: Losing job-financial advice

Boglemama wrote:Any additional advice?


Depending on the school where the tenure isn't being granted, consider applying to next-tier schools. It isn't uncommon for someone who is denied tenure at, say, a U. Cal school to apply to Cal State schools if there is still the desire to stay within academia.
by Clever_Username
Thu Apr 10, 2014 1:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Losing job-financial advice
Replies: 18
Views: 2022

Re: Anyone else very reluctant to buy right now?

cfs wrote:Just a few months ago we were talking in a different language.

"Why Bonds at all? . . ."

"Why not one hundred percent in equities . . . "



I wonder if we'll ever get a series of posts by people asking if the new general rule should be age plus something in bonds.
by Clever_Username
Mon Apr 07, 2014 10:38 pm
 
Forum: Investing - Theory, News & General
Topic: Anyone else very reluctant to buy right now?
Replies: 124
Views: 14031

Re: "78%" Of course ?

And, of course, 78% of all internet-posted statistics are made up. GD: Where did you find the "78%" figure? Thank you and best wishes. Taylor I quote: "78% of all internet-posted statistics are made up." - Abraham Lincoln. That ought to put a bow on this little debate. And Abe d...
by Clever_Username
Fri Apr 04, 2014 11:18 am
 
Forum: Investing - Theory, News & General
Topic: Please help identify quote: I'm richer than he because...
Replies: 28
Views: 3286

Re: Is transfering my savings to a mutual fund a good idea?

Thanks, Duckie. I thought I had to include it, even without going for saver's credit. Less work for me to worry about next year.
by Clever_Username
Fri Apr 04, 2014 9:42 am
 
Forum: Investing - Help with Personal Investments
Topic: Is transfering my savings to a mutual fund a good idea?
Replies: 16
Views: 1907

Re: Laid off today... TODO list?

To be eligible for unemployment, you have to be honestly looking for a new job correct? Not that op has indicated plans to do anything fraudulent, but a couple of the responses have been kind of murky. I contemplated something like that last summer. I was laid off last June, but had a job lined up ...
by Clever_Username
Thu Apr 03, 2014 10:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Laid off today... TODO list?
Replies: 97
Views: 12649

Re: Cutting ties with Cable

There are plenty of great live sports you can watch without a cable subscription. For reference, my television set has an antenna (not a great one), a desktop computer, a Roku, and an Xbox hooked up to it. I've had exactly one year of my adult life in which I had cable. * Football (Spring/Summer): C...
by Clever_Username
Thu Apr 03, 2014 9:00 am
 
Forum: Personal Consumer Issues
Topic: Cutting ties with Cable
Replies: 43
Views: 3561

Re: Is transfering my savings to a mutual fund a good idea?

I am not sure about this but I don't think you even need to report the Roth contribution because you are not deducting anything. The mutual fund company will report it for you to the IRS. You report the Roth contributions so that the IRS knows what portion of your Roth IRA is a contribution, in cas...
by Clever_Username
Thu Apr 03, 2014 8:48 am
 
Forum: Investing - Help with Personal Investments
Topic: Is transfering my savings to a mutual fund a good idea?
Replies: 16
Views: 1907

Re: which fund for 23yr old

ps56k wrote:BTW - [different topic] wouldn't that also be true at the other end of the spectrum -
in let's say early retirement - with NO earned income, you could no longer fund an IRA ?


In any year with no earned income, you cannot fund an IRA.
by Clever_Username
Thu Apr 03, 2014 8:44 am
 
Forum: Investing - Help with Personal Investments
Topic: which fund for 23yr old
Replies: 10
Views: 680

Re: Laid off today... TODO list?

I worked for a company whose policy was the moment you tendered a resignation armed security was called, you were escorted back to your desk to remove personal items and then you were walked out. A real walk of shame in front of everybody. Consequently I and most others chose to leave like thieves ...
by Clever_Username
Thu Apr 03, 2014 12:28 am
 
Forum: Personal Finance (Not Investing)
Topic: Laid off today... TODO list?
Replies: 97
Views: 12649

Re: Mr. Money Mustache: Hero or Foolish?

My second summer job paid $20/hour Maybe in construction during the housing boom? Interned at a company that does defense contracting. This was in the first decade of the GWOT, although I was at a civilian branch of the company. , and my third north of $30/hour. Ok, now that's just impressive, doin...
by Clever_Username
Wed Apr 02, 2014 8:53 pm
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 255
Views: 37176

Re: Mr. Money Mustache: Hero or Foolish?

I hear you on the increasing cost of college (brutal), but it's not too tough for a college kid to get a summer job making $15+/hour. That seems unlikely unless they already had a career before going to college. I didn't have a career prior to college unless you count private tutoring. My first sum...
by Clever_Username
Wed Apr 02, 2014 5:38 pm
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 255
Views: 37176

Re: Warning: Stocks Will Collapse by 50% in 2014

I remember hearing this about 2013. I'm glad I didn't sell that January!
by Clever_Username
Mon Mar 31, 2014 3:43 pm
 
Forum: Investing - Theory, News & General
Topic: Warning: Stocks Will Collapse by 50% in 2014
Replies: 21
Views: 2997

Re: Mr. Money Mustache: Hero or Foolish?

That said, if someone in his family comes down with a health condition, or his kid decides to go to college, it could be a struggle. Health insurance has been addressed in this thread already; I won't rehash it. As for college, do you really see a kid raised by him wanting to go to a super-expensiv...
by Clever_Username
Mon Mar 31, 2014 10:18 am
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 255
Views: 37176

Re: Poll: how did you decide on stock/bond allocation?

I'm not sure which option this falls under. I was just shy of 30 when I started taking this seriously (finishing graduate school in my late 20s may have been part of it). In Scott Adams' The Way of the Weasel , he suggests 30% bonds / 70% stocks (no longer a constant he stands by, I believe) and, co...
by Clever_Username
Sun Mar 30, 2014 9:14 am
 
Forum: Investing - Theory, News & General
Topic: Poll: how did you decide on stock/bond allocation?
Replies: 35
Views: 3034

Re: [Poll] Which of These Types of Investments do you Own?

Basic three fund portfolio, plus a muni bond fund used towards an intermediate term purchase. Will be buying I-Bonds in the near future, too, but I didn't click the choice for those (will do once I own \geq 1% of my portfolio in them)
by Clever_Username
Sat Mar 29, 2014 12:54 am
 
Forum: Investing - Theory, News & General
Topic: [Poll] Which of These Types of Investments do you Own?
Replies: 24
Views: 2457

Re: getting employer to change 401k

dansnad wrote:2. Is it even worth investing if my wife won't retire for 20-30 years? Which option?


Does your wife intend to stay with this particular employer for that entire time? I ask because bad 401(k)s have a nice habit of becoming good t-IRAs upon separation.
by Clever_Username
Thu Mar 27, 2014 10:24 am
 
Forum: Investing - Help with Personal Investments
Topic: getting employer to change 401k
Replies: 10
Views: 636

Re: What happened to SoCal Chapter?

What goes on at these meetings anyway?

I'm interested just the same.
by Clever_Username
Thu Mar 27, 2014 12:38 am
 
Forum: Local Chapters and Bogleheads Community
Topic: What happened to SoCal Chapter?
Replies: 19
Views: 2621

Re: Phone calls trying to sell me stocks

I'll be sure to gather the name of callers if it happens in the future. Right now, I have only the phone number I was called from. Are there any formal complaints I can file with just that information?
by Clever_Username
Sun Mar 23, 2014 10:35 am
 
Forum: Personal Consumer Issues
Topic: Phone calls trying to sell me stocks
Replies: 36
Views: 2725

Re: Mutual Fund Help and Advice

I'd suggest reading Asking Portfolio Questions and editing your post accordingly. That will allow us to give you a meaningful response.
by Clever_Username
Sun Mar 23, 2014 10:30 am
 
Forum: Investing - Help with Personal Investments
Topic: Mutual Fund Help and Advice
Replies: 7
Views: 386

Re: Phone calls trying to sell me stocks

Have a cheap phone with caller ID and an answering machine and simply do not pick up. There is no reason to know what unknown people are trying to sell you. I have caller ID on my phone (mobile is my only one). One of these days, I'll learn to not pick up the phone for unknown numbers. I used to ge...
by Clever_Username
Wed Mar 19, 2014 8:51 pm
 
Forum: Personal Consumer Issues
Topic: Phone calls trying to sell me stocks
Replies: 36
Views: 2725

Re: Phone calls trying to sell me stocks

That sounds like them, yes. Too bad the CT thing expired almost two years ago, or I'd let them know of what happened.
by Clever_Username
Wed Mar 19, 2014 5:24 pm
 
Forum: Personal Consumer Issues
Topic: Phone calls trying to sell me stocks
Replies: 36
Views: 2725

Re: Phone calls trying to sell me stocks

First, thanks to everyone who told me what's going on. As far as coincidences go, it was: my cousin's first name is Alexander and lives in NY (I don't think that uniquely identifies him), and sure enough, a Google of the phone number brings up that this is Alexander Capital in NY. They called from a...
by Clever_Username
Wed Mar 19, 2014 4:13 pm
 
Forum: Personal Consumer Issues
Topic: Phone calls trying to sell me stocks
Replies: 36
Views: 2725

Phone calls trying to sell me stocks

So this was a new experience this morning. I got a call a few minutes ago from a number I didn't recognize. I picked up anyway, and got this call: "Hello, [my name]. This is [missed the name] with [my cousin's first name, who lives in the area code being called from, probably a coincidence]&quo...
by Clever_Username
Wed Mar 19, 2014 10:48 am
 
Forum: Personal Consumer Issues
Topic: Phone calls trying to sell me stocks
Replies: 36
Views: 2725

Re: KissTrust--trust accounts for the middle class?

jasc15 wrote:Before I looked up what the Kiss Trust was, I thought Gene Simmons was involved. Would not have surprised me if he was.


Nah, he's got the KISS pro football team to worry about now. But I think I'm more likely to go to them than the trust.
by Clever_Username
Tue Mar 18, 2014 10:43 am
 
Forum: Personal Finance (Not Investing)
Topic: KissTrust--trust accounts for the middle class?
Replies: 30
Views: 13298
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