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Re: POLL: Prepay car loan (1.75%)

My belief in the order of money allocation is: 1) high interest rate debt 7% and above Shouldn't this be relative to the prevailing interest rates? In the late 70s-mid-80's, I would load up on as much 7% debt as possible and use the debt to by T-notes/CDs. Easy, free money. In the 2010's, I'd avoid...
by DVMResident
Fri Jan 30, 2015 7:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Prepay car loan (1.75%)
Replies: 29
Views: 1380

Re: POLL: Prepay car loan (1.75%)

I vote for invest. We really don't have a complete picture, but in almost all scenarios you'll make more investing. Heck, even the conservative vehicles like iBonds are paying 1.48% and EE held to maturity give 3.5% (granted, longer duration). If you have any unfilled tax advantage space left -- no ...
by DVMResident
Fri Jan 30, 2015 5:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Prepay car loan (1.75%)
Replies: 29
Views: 1380

Re: Is it unusual to have NO index fund options in 403(b)?

Sorry. Do you have a 401(k)? If yes, you can hold bonds in your and the S&P500 in portion to the overall desired AA, which will leave your account with a disproportionately high bond position. Then rebalance your account. Sounds it's better to use IRA and potentially your 401(k) before your wife...
by DVMResident
Fri Jan 30, 2015 12:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is it unusual to have NO index fund options in 403(b)?
Replies: 10
Views: 554

Re: What age did you move out?

26 -- counting undergrad and veterinary school, though technically was "out of the house" was not off the checkbook (mostly, I worked during the breaks and part-time, but earning $3-7k/year hardly put a dent in the cost)
by DVMResident
Thu Jan 29, 2015 7:36 pm
 
Forum: Personal Consumer Issues
Topic: What age did you move out?
Replies: 117
Views: 4922

Re: Save More or Travel More ?

so far on average hits about over 30% saving rate (of gross income) in 401k and gov't 457b Travel. Definitely travel. 30% is plenty. Anything more saving is a waste. Do you also get a pension? If yes, you're definitely over saving. My PhD adviser was similar: him and his wife saved 3 accounts for >...
by DVMResident
Thu Jan 29, 2015 5:25 pm
 
Forum: Personal Consumer Issues
Topic: Save More or Travel More ?
Replies: 17
Views: 1544

Re: What mutual fund companies do you use?

Funds outside of employer plan: VG. Low fees, great number of index options. Employer plans: all be Fido so far. Also great: low fees and solid indexes options (though VG's TD are unquestionably better than Fido's). I roll them over to VG after separation for consolidation, but would be equally happ...
by DVMResident
Wed Jan 28, 2015 12:43 am
 
Forum: Investing - Theory, News & General
Topic: What mutual fund companies do you use?
Replies: 63
Views: 2998

Re: wife's purse

My wife has two Tumi purses: one large, one small.
She uses them daily and they seem to hold up well. The sippers are sturdy, material is thick/heavy duty, and there are lots of organizational features.
Looks fine...I think? :confused
by DVMResident
Mon Jan 26, 2015 12:31 am
 
Forum: Personal Consumer Issues
Topic: [Purchasing a] wife's purse
Replies: 36
Views: 3285

Re: HSA... any receipt savers?

I take photos with my phone and text it to my records e-mail with catagory (e.g. Health, rental) for searching.
Easier than scanning and most smart phones have very good cameras these days.
by DVMResident
Sat Jan 24, 2015 6:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: HSA... any receipt savers?
Replies: 199
Views: 9121

Re: UC Plan After-Tax Rollover to Roth IRA

Hi DVMResident, just to clarify, were you able to successfully do an in-plan conversion of the pre-tax forced safe-harbor contributions to a traditional IRA? If so, did you have to give the Fidelity rep any special instructions? Thanks. Both pre-tax and after-tax sources went into a new ROTH IRA. I...
by DVMResident
Sat Jan 24, 2015 2:16 am
 
Forum: Investing - Help with Personal Investments
Topic: UC Plan After-Tax Rollover to Roth IRA
Replies: 5
Views: 477

Re: How to climb up in a megacorp

Really good advice. I'll try to add something: The most important thing you can do to start is to go above and beyond within your position. You'll progress at the same speed as everyone else if you just show up and do your work. Take on projects outside of your role, constantly work to improve proce...
by DVMResident
Fri Jan 23, 2015 5:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to climb up in a megacorp
Replies: 37
Views: 4922

Re: Is it worth it to buy a condo vs a house.

Every time you buy and sell real estate, you lose money -- lots of money -- to various middle men: mortgage company, appraisals, title companies, real estate agents, etc. These huge transnational costs rarely make these "starter" home worth it. Here's a back of the envelope estimate: -$2k ...
by DVMResident
Fri Jan 23, 2015 4:11 pm
 
Forum: Personal Consumer Issues
Topic: Is it worth it to buy a condo vs a house.
Replies: 25
Views: 2635

Re: UC Plan After-Tax Rollover to Roth IRA

I could pay the early-distribution penalties and taxes to extract the money out of the pre-tax account to allow me to do an after-tax rollover. Is this the only option or am I reading the IRS rules incorrectly? You can do this. I did this with a mixed pre- (forced Safe Harbor contributions) and aft...
by DVMResident
Thu Jan 22, 2015 4:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: UC Plan After-Tax Rollover to Roth IRA
Replies: 5
Views: 477

Re: Silly to consider buying a home because of interest rate

I would not buy a house because the interest rates are low. The low interest rates are holding prices up (along with tight inventory) - as noted above, most buyers are "monthly payment" buyers. I care more about purchase price than interest rates: purchase price determines taxes and price ...
by DVMResident
Thu Jan 22, 2015 12:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Silly to consider buying a home because of interest rates?
Replies: 29
Views: 2788

Re: Retirement Plan: How am I doing?

now I'm wondering if my pension and retirement savings is really enough especially when I see others on this site with 3-5M in retirement accounts Don't compare yourself to Bogleheads. We're weird. Expenses relative to income plus portfolio is what is important. --90k Federal Govt pension w/COLA (P...
by DVMResident
Mon Jan 19, 2015 1:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retirement Plan: How am I doing?
Replies: 16
Views: 1872

Re: Lenovo Yoga (& sudden shut down?)

Also running 8.1 on a Yoga 2 Pro and no problems. Sounds like a lemon. I'd return it. If you can wait till end of Q1, check out the the following: -2015 ATIV Book 9 Ultrabook (there's a couple editions under the same branding) -Lenovo LaVie Z (there's 2 versions; the larger is one with the full 360 ...
by DVMResident
Sat Jan 17, 2015 3:08 am
 
Forum: Personal Consumer Issues
Topic: Lenovo Yoga (& sudden shut down?)
Replies: 27
Views: 2145

Re: Increase Investing or Pay Down Mortgage?

I wouldn't pay anything extra on that mortgage unless you're maxing out your tax-advantaged retirement contributions each year. Save as much as you can for retirement. ^This. Also, your Ohio also has income tax. Your bracket is 25% (federal) + 3.76% (state). I would switch to a traditional 401(k) i...
by DVMResident
Fri Jan 16, 2015 4:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Increase Investing or Pay Down Mortgage?
Replies: 16
Views: 2026

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

My spouse and I have a similarly opposed spending habits. She want to maintain her autonomy and I desperately want to avoid micro-managing. So we finally settled on this solution: -We pool the money -We subtract out common costs (health insurance, mortgage, utilities, retirement, ER funding, etc.) -...
by DVMResident
Wed Jan 14, 2015 8:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: When your spouse isn't quite as frugal as you
Replies: 94
Views: 8709

Re: Good for property value ?

Depends on his/her personality, although a buyer of your home might not find out until it's too late. In a neighborhood where I used to live, we had a cop move in. He was a total jerk with a control-freak personality, he started frivolous boundary disputes with all 3 of his neighbors (including me)...
by DVMResident
Wed Jan 14, 2015 2:26 pm
 
Forum: Personal Consumer Issues
Topic: Good for property value ?
Replies: 20
Views: 1969

Re: What is your opinion of this strategy?

Sounds like your wife is conservative, which is fine and good to recognize what she's comfortable with. Personally this allocation is too conservative for my tastes, especially at your age, but you're saving rate is so high (~1 year expense per year), even cash will get you to your goal. Congrats. D...
by DVMResident
Mon Jan 12, 2015 6:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: What is your opinion of this strategy?
Replies: 28
Views: 1625

Re: Recommendations for Family Trip to San Diego

The zoo and park can take 1 day each. Coronado and La Jolla ("the cove") are great beaches for families. La Jolla village has more entertainment and shopping. The lighthouse at Point Loma/Cabrillo has breath taking views, especially if the weather is good (it generally is). The USS Midway ...
by DVMResident
Mon Jan 12, 2015 1:24 am
 
Forum: Personal Consumer Issues
Topic: Recommendations for Family Trip to San Diego
Replies: 16
Views: 1407

Re: SoCal City Recommendations Young Family

I feel for the husband having to drive up and down the 5 corridor between LA and San Diego so often. You might want to consider living near a train station so the husband can take the train. This is a great idea. Depending on the work, he might get the paperwork done on the train, resulting less ho...
by DVMResident
Thu Jan 08, 2015 3:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: SoCal City Recommendations Young Family
Replies: 29
Views: 2247

Re: SoCal City Recommendations Young Family

Depending on which county you want to live in, here are the places I know and like: Los Angeles: Redondo Beach (north is fairly dense urban though with good schools, LA folk live there to escape LAUSD, houses are good size for LA...south is a sleepy beach town with shorter buildings and some heavy l...
by DVMResident
Thu Jan 08, 2015 3:26 am
 
Forum: Personal Finance (Not Investing)
Topic: SoCal City Recommendations Young Family
Replies: 29
Views: 2247

Re: Poll: Do you own I Bonds?

I don't own any I Bonds. I understand the mechanics of the bond. I simply don't understand what do use it in my portfolio. For example, why should I buy an i bond when I can buy a tax-exempt fund? 1) Inflation indexing. Admittedly there's been no inflation to speak of since I bonds and TIPS were in...
by DVMResident
Wed Jan 07, 2015 7:07 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: Do you own I Bonds?
Replies: 62
Views: 5475

Re: Vanguard sent me a $.01 check.... silly.

An actor friend got a 2 cent residual check for a commercial. :moneybag
He framed it and hung it on the wall.
Great conversation starter.
by DVMResident
Wed Jan 07, 2015 2:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard sent me a $.01 check.... silly.
Replies: 25
Views: 2398

Re: Can we afford to buy a home?

Would a ~$210k home meet your needs as a family?

Skip the small "starter" home and go for the long-term. The transnational (and emotional) costs are too high.
If a ~$200k house will not meet you needs, keep saving until you can afford one that will.
by DVMResident
Tue Jan 06, 2015 5:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can we afford to buy a home?
Replies: 41
Views: 3315

Re: Any men here get their wedding band on Amazon?

I got a tungsten wedding ring from Amazon for $28 (w/shipping and tax).* Very happy with it.

*Ha, only on BH could you feel like a big spender getting a $28 wedding ring! :wink:
by DVMResident
Tue Jan 06, 2015 1:57 pm
 
Forum: Personal Consumer Issues
Topic: Any men here get their wedding band on Amazon?
Replies: 66
Views: 3707

Re: Poll: Favorite Coping Strategies for Volatility

During these dips, even small ones, I get really impatient and keep my fingers crossed they last long enough for my next 401(k) contribution. I got a kick out of my quarterly match lining up with the Oct 2014 mini-correction. In reality, everything is DCA, so it doesn't matter despite the emotional ...
by DVMResident
Tue Jan 06, 2015 1:39 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: Favorite Coping Strategies for Volatility
Replies: 41
Views: 2654

Re: Almost made it! From $ -530k net worth to $-9k this yr

I think the OP means he went from -$530k to -$9k debt, not net worth.

The mortgage was collateralized against the house. OP sold the house and paid off the mortgage.
Not really an increase in net worth, but certainly a way to pay down debt.

Congrats in any event. :beer
by DVMResident
Mon Jan 05, 2015 4:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Almost made it! From $ -530k net worth to $-9k this yr
Replies: 36
Views: 7354

Re: How do you calculate your savings rate?

I count the following: -401(k) plus match -IRAs -Debt pay down, principle only (mortgage & student loans) -ER fund contributions Lump it into pre- or post-tax accounts, weight by gross or net (post-tax) as a percent, and sum all parts. I don't count 529s as that is money slated for my kid's expe...
by DVMResident
Sun Jan 04, 2015 3:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: How do you calculate your savings rate?
Replies: 44
Views: 3966

Re: Next steps? PhD student w/ almost no tax-advantaged spac

Good advice thus far. Want to make a couple points: -Stipends are not tax free, though after deduction and Lifetime Learning credits, tax lability can be very low, even near zero. -IRA contributions can only come from earned income. Stipends are generally not earned income. You will know if your sti...
by DVMResident
Sat Jan 03, 2015 2:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Next steps? PhD student w/ almost no tax-advantaged space
Replies: 13
Views: 1369

Re: What are you up YTD?

+11.3% 8-)
80/20 split with tilts with REITs doing some heavy lifting
by DVMResident
Wed Dec 31, 2014 8:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: What are you up YTD?
Replies: 271
Views: 30097

Re: Do you usually order beverage at restaurants?

Generally just water. On occasion, a porter or stout beer if there's something on tap that's hard to find or new to me. Also, don't order dessert or appetizers as this tends to double the bill and I'd rather go out twice as often than eat additional sugar. I over tip to compensate. The waiter worked...
by DVMResident
Mon Dec 29, 2014 12:30 am
 
Forum: Personal Consumer Issues
Topic: Do you usually order (not-free) beverage at restaurants?
Replies: 89
Views: 7639

Re: After-tax 401(k) Limit

In an attempt to ensure fairness in retirement programs, 401(k)s must undergo an annual Discrimination Test (IRS Publication 525): the total average contributions of highly compensated employees (HCE, >$115k salary or own >5% of the company) can only exceed the the total average contributions of non...
by DVMResident
Wed Dec 24, 2014 2:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: After-tax 401(k) Limit
Replies: 5
Views: 624

Re: What % of net worth is your home?

Early 30's, high cost of living area (So Cal):
Equity when purchased in 2012 was ~50:50 of our net worth.
Today, our net worth has ~tripled. Between mortgage pay-down at the scheduled rate and a hefty appreciation in our area, our equity is ~55:45.
by DVMResident
Tue Dec 23, 2014 2:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: What % of net worth is your home?
Replies: 127
Views: 11024

Re: Gaming PC for son, buy or build?

+1 for DIY builds. He will learn a lot and will understand the relationship between hardware and performance. The skills will serve him well no mater what field he goes into. I have great memories of building my first rig with my high school friend. Ha, we use to watch the Fry's ads like a hawk for ...
by DVMResident
Fri Dec 19, 2014 8:19 pm
 
Forum: Personal Consumer Issues
Topic: Gaming PC for son, buy or build?
Replies: 63
Views: 5027

Re: Home Mortgage payoff

Your home situation is different than mine, but i will share my experience. I paid off our home in 2010. Sold the home a few weeks ago. New home, new mortgage. I won't pay it all off again. The money we "saved" with no monthly mortgage went into lifestyle. I am a prudent fellow, and my wi...
by DVMResident
Thu Dec 18, 2014 4:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Home Mortgage payoff
Replies: 22
Views: 2596

Re: Home Mortgage payoff

The real (inflation adjusted) after-tax cost of the mortgage is less than 1%. You know the expected results: it will come out in favor of the investments*. Going forward, US stocks are expected to produce real returns in the 3~4% range and internationals 4-5%. Even a conservative 50:50 AA is expecte...
by DVMResident
Thu Dec 18, 2014 3:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Home Mortgage payoff
Replies: 22
Views: 2596

Re: What's your withdrawal rate for 2014?

What does it matter? This year it was (well) above 5% for my wife/me, and has been ever since we've been retired. In three years our separate SS starts (at age 70), and our withdrawal rate is forecast to be just over 1%, even with "excessive" withdrawals until that time. A year of excessi...
by DVMResident
Wed Dec 17, 2014 4:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: What's your withdrawal rate for 2014?
Replies: 26
Views: 2714

Re: How do you factor entitlements into your investing plan?

I looked at the projected shortfall of SSI at the time of my retirement (estimated to be 25~30%). Then double the shortfall and assume I'll get at least that amount and it won't be retroactively reduced after my filing date. I think this approach is overly conservative and, thus, a safe enough for p...
by DVMResident
Tue Dec 16, 2014 7:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: How do you factor entitlements into your investing plan?
Replies: 52
Views: 4857

Re: What are your 2015 Financial Goals?

1. Stay employed
2. Keep the rental occupied >11 months in 2015
3. Support DW getting her therapy licensee and finding a job (part-time most likely)
4. Max out pre-tax 401(k) plus a partial Mega Backdoor
5. 2 x IRAs
6. Vacation fund and use it!
by DVMResident
Tue Dec 16, 2014 4:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: What are your 2015 Financial Goals?
Replies: 102
Views: 8247

Re: What is your opinion about "tilting?"

by DVMResident » Thu Dec 11, 2014 6:30 pm leonard wrote: But, I don't think they actually take in to account whether they will really maintain the rebalancing involved. I really think they don't consider a less-financially-interested spouse one day being the portfolio manager. Thus, I think people ...
by DVMResident
Mon Dec 15, 2014 6:46 pm
 
Forum: Investing - Theory, News & General
Topic: What is your opinion about "tilting?"
Replies: 116
Views: 9384

Re: Rent or Buy a House with Newborn On the Way!

Having a baby is stressful.
House searching, purchasing, preparing the house to move-in, and finally moving in is stressful.
You probably won't feel up to painting walls when sleep deprived. If I was in your shoes, I'd keep renting.
by DVMResident
Sun Dec 14, 2014 2:46 am
 
Forum: Personal Finance (Not Investing)
Topic: Rent or Buy a House with Newborn On the Way!
Replies: 11
Views: 1415

Re: What is your opinion about "tilting?"

But, I don't think they actually take in to account whether they will really maintain the rebalancing involved. I really think they don't consider a less-financially-interested spouse one day being the portfolio manager. Thus, I think people take on too much complexity - where a simple portfolio wo...
by DVMResident
Thu Dec 11, 2014 8:30 pm
 
Forum: Investing - Theory, News & General
Topic: What is your opinion about "tilting?"
Replies: 116
Views: 9384

Re: What is your opinion about "tilting?"

I voted for "I tilt, and I think everyone should. The edge is small but it's there, and it's not really that hard or that expensive to do it.", but I would add it's only worth doing if your investment time horizon is long. Tilting is by-far one of the least important aspects of investing, ...
by DVMResident
Thu Dec 11, 2014 12:10 am
 
Forum: Investing - Theory, News & General
Topic: What is your opinion about "tilting?"
Replies: 116
Views: 9384

Re: Why don't YOU follow Buffett's advice?

+1 on the size comments Buffett's assets can (should) last for generations to come. Buffett is worth >$60 billion. If his family spends $1 billion (!) per year, their withdrawal rate is only 1.6%. That withdrawal rate is so low it's basically bullet proof (even lower than Pfau's estimates ~2's% in t...
by DVMResident
Wed Dec 10, 2014 4:09 pm
 
Forum: Investing - Theory, News & General
Topic: Why don't YOU follow Buffett's advice?
Replies: 114
Views: 8873

Re: Have you ever been let go?

Was a grad student rotating (the grad school equivalent of a working interview) through in an academic labs. Asked to join the lab and PI liked me and agreed. Next quarter, our big grant (R01) was unexpectedly cut 20%, falling below the department rules of funding:number of grad students. Last one h...
by DVMResident
Tue Dec 09, 2014 12:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Have you ever been let go?
Replies: 74
Views: 5779

Re: Stock Buybacks???

Buying back stock pushes the price up. People issuing the buyback have a lot to gain from high prices. Much like us outside investors - don't we "have a lot to gain from high prices" as well. :?: You're over interrupting my post. My point was solely that long-term investors (like-Boglehea...
by DVMResident
Mon Dec 08, 2014 1:14 pm
 
Forum: Investing - Theory, News & General
Topic: Stock Buybacks???
Replies: 9
Views: 749

Re: Stock Buybacks???

Board members are often paid in deferred compensation in the form of... wait for it ...company stock. Buying back stock pushes the price up. People issuing the buyback have a lot to gain from high prices. The average term for a board member is a bit under 8 years (excluding family owned companies). ...
by DVMResident
Sun Dec 07, 2014 11:15 pm
 
Forum: Investing - Theory, News & General
Topic: Stock Buybacks???
Replies: 9
Views: 749

Re: 100% Equities: 1 or 2 funds?

Did you notice that 100% S&P500 underperforms a portfolio with some bond funds in it. Whenever I see somebody say they are going to go 100% equities, I wonder what they have been smoking since that practically guarantees doing worse than something else that's very easy to accomplish. +1 Vanguar...
by DVMResident
Fri Dec 05, 2014 6:08 pm
 
Forum: Investing - Theory, News & General
Topic: 100% Equities: 1 or 2 funds?
Replies: 26
Views: 1910

Re: Youngster talented in science and math

I love Science Daily . It covers a wide range of fields from biology to physics to engineering. The articles distill the information to a readable level for non-experts and link to the primary article if you have more interest. Great way to cover a lot ground and keep current. They don't have a prin...
by DVMResident
Fri Dec 05, 2014 2:25 am
 
Forum: Personal Consumer Issues
Topic: Youngster talented in science and math
Replies: 47
Views: 3398
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