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Re: Bad 401K better than nothing?

Yes, if your IRA space is maxed, the 401k is worth it.

This is a temp job.
An ER 1.1% on $10k = $110/yr. Eh', not that big of deal over the short-term.

Avoid fixed fees like loads and 12b-1 fees.
by DVMResident
Wed Apr 23, 2014 1:13 am
 
Forum: Investing - Theory, News & General
Topic: Bad 401K better than nothing?
Replies: 7
Views: 536

Re: Is social security a good investment?

It's very difficult to calculate. SS benefits may or may not change over the coming decades. Trying to predict the coming changes is fruitless (and against forum policy). People who get the greatest "returns" (in the investment sense) from SS: -Low income (esp. below <~$40k/yr) -Married co...
by DVMResident
Tue Apr 22, 2014 3:11 pm
 
Forum: Investing - Theory, News & General
Topic: Is social security a good investment?
Replies: 33
Views: 1439

Re: Wealthfront/Smart Beta or what?

If there were a portfolio or a strategy that would outperform the market, it would quickly become the market profile. It took decades for passive cap-weighted indexes to replace active funds. And we still have a ways to go. Yet, Bogleheads reap the benefits of the index funds despite the fact they'...
by DVMResident
Mon Apr 21, 2014 3:44 pm
 
Forum: Investing - Theory, News & General
Topic: Wealthfront/Smart Beta or what?
Replies: 3
Views: 400

Re: Landlords and REITs

I own both a rental and REITs. Theoretical answer : REITs own commercial RE over diverse geographical regions, not private residences (with few exceptions). I don't see an (1) overlap and (2) my rentals (RE is local) will probably have a low correlation with my investments. Secondarily, the US RE ma...
by DVMResident
Mon Apr 21, 2014 1:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Landlords and REITs
Replies: 6
Views: 816

Re: 401k vs Pension

A couple other questions to consider for the OP: Is 62 considered full retirement age for the pension system, or is there a reduction in the formula for retiring before 65? You mentioned SS taxes in the first post. Are you certian that this position is covered by social security? I have no idea abo...
by DVMResident
Mon Apr 21, 2014 12:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: 401k vs Pension
Replies: 15
Views: 1240

Re: POLL: why carry cash?

My mechanistic gives 5% discount for cash.
Tip and gifts to friends in cash.
by DVMResident
Sat Apr 19, 2014 12:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: why carry cash?
Replies: 225
Views: 7524

Re: apartment rental strategies

I've used Craig's List as a landlord and a tenant. It's full of scams, lies (especially on sq. footage), etc.
I won't pay too much attention to inconsistancies. Expect ~half the places you see on Craig's List not match the description.
by DVMResident
Wed Apr 16, 2014 12:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: apartment rental strategies
Replies: 12
Views: 1180

Re: Do you think the biotech sector will be hurt long term?

Recently Gilead (GILD) has come under fire for pricing what I would call a wonder drug cure for hep. C at $84,000 or thereabouts. Not only has Congress called on them to explain but drug company middle men are wanting them to reduce the price. It seems to have put a crimp on the whole biotech secto...
by DVMResident
Wed Apr 09, 2014 4:58 pm
 
Forum: Investing - Theory, News & General
Topic: Do you think the biotech sector will be hurt long term?
Replies: 56
Views: 2622

Re: California Taxes - Am I Missing Something?

Of the people I know in California, I see a lot of "managing" and a lot of "surviving" but not a lot of thriving, even with some rather impressive incomes. The only friend I've got there who I would say is thriving runs a private equity fund. My cash-flow to pay PITA - rental in...
by DVMResident
Tue Apr 08, 2014 2:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: California Taxes - Am I Missing Something?
Replies: 142
Views: 8547

Re: Things to do in Phoenix for an afternoon/evening

Desert botanical garden in Phoenix is awesome (http://www.dbg.org/‎).
It's one of the quickest ways to learn about the natural life in the southwest.
If the butterfly exhibit is open, defiantly worth the extra few $.
by DVMResident
Mon Apr 07, 2014 10:01 pm
 
Forum: Personal Consumer Issues
Topic: Things to do in Phoenix for an afternoon/evening
Replies: 12
Views: 554

Re: California Taxes - Am I Missing Something?

Prop 13 helps control the property taxes, but in many communities you'll also pay additional tax on your property that supposedly helps pay for schools and other services in your zip code. Homes in coastal cities tend to appreciate faster than CPI. For example, my parents bought their place in '94 ...
by DVMResident
Mon Apr 07, 2014 3:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: California Taxes - Am I Missing Something?
Replies: 142
Views: 8547

Re: How Many Properties Do You Own?

1 property with 2 structures (house and rental unit)
by DVMResident
Fri Apr 04, 2014 11:33 am
 
Forum: Investing - Theory, News & General
Topic: How Many Properties Do You Own?
Replies: 19
Views: 2165

Re: Urge to buy a house every rent increase

xiosen wrote:I don't like the thought of owning...Renting provides freedom for me to explore my business interests, home ownership could take away from that.


You answered your own question. Don't over think it.
by DVMResident
Thu Apr 03, 2014 11:57 am
 
Forum: Personal Finance (Not Investing)
Topic: Urge to buy a house every rent increase
Replies: 29
Views: 1514

Re: Older and Wiser - Allocation Advice After Rookie Mistake

Johm221122 wrote:Get the 401k matching funds, then fill up the Roth, then fill up the remainder of the 401k.


With a marginal rate of 25% + 7.5% and solid 401(k) options, why should the OP pass up the tax savings with a ROTH?
It seems like a traditional 401(k) is the way to go.
by DVMResident
Wed Apr 02, 2014 12:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Older and Wiser - Allocation Advice After Rookie Mistake
Replies: 16
Views: 2122

More House, Less Booze: How Spending Changes From Age 25-75

Interesting study on spending patterns:

More House, Less Booze: How Spending Changes From Age 25-75

May help the young people ballpark their "number."
by DVMResident
Tue Apr 01, 2014 9:19 pm
 
Forum: Investing - Theory, News & General
Topic: More House, Less Booze: How Spending Changes From Age 25-75
Replies: 1
Views: 926

Re: Spouses that struggle with budgets

My spouse and I are very different. I love saving and she likes to not worry about budgets. We both agreed on long term goals (retirement, vacations). So we pay the bills, save for retirement, etc ("pay yourself first"). Then we split what's left. I invest ~half of my half. She spends the ...
by DVMResident
Tue Apr 01, 2014 12:54 am
 
Forum: Personal Finance (Not Investing)
Topic: Spouses that struggle with budgets
Replies: 27
Views: 2273

Re: Earthquake insurance in California

I don't. It's expensive and the deductible is huge. I prefer to save the difference. If a really bad earthquake flattens a large section of LA, FEMA will probably help out. Granted, my 800 sq house wouldn't be that expensive to rebuild and the deductible would eat a lot of the replacement costs. YMM...
by DVMResident
Mon Mar 31, 2014 8:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Earthquake insurance in California
Replies: 27
Views: 1436

Re: What makes a boglehead different [Behavior of saving]

Another major difference is the mindset of time. Many of peers think of the bill coming up next week/month.

Bogleheads tend to think in terms of years-to-decades or, heck, even generations; what 30 year old do you know talk about "step-up" basis?
by DVMResident
Sat Mar 29, 2014 9:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: What makes a boglehead different [Behavior of saving]
Replies: 36
Views: 2457

Re: What age did you reach 100K networth?

Amazing how well group the data points are on this thread.

Age: 29
Year: 2011
Area: So Cali/LA
Salary: $40k (no rent, no student loans)
by DVMResident
Fri Mar 28, 2014 2:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: What age did you reach 100K networth?
Replies: 264
Views: 31250

Re: Tilters: how much would you pay for a tilt?

TS, Expense ratio VTSAX - 0.05% DFSVX - 0.52% in my 401K Difference = 0.47% KlangFool Exactly the point of the poll is to help decide when the tilt is too expensive. It is easy to compare VG funds in the abstract, but most of us has the bulk of investments in 40_(_) plans, where the options limited.
by DVMResident
Thu Mar 20, 2014 11:51 am
 
Forum: Investing - Theory, News & General
Topic: Tilters: how much would you pay for a tilt?
Replies: 18
Views: 1458

Tilters: how much would you pay for a tilt?

This poll has 3 underlying assumption: (1) the evidence for low-cost investing is strong (2) the evidence for tilts over the long-term is strong * (3) you think tilting is a good idea Tilts funds often have higher ERs than board market funds or their close surrogates (e.g. S&P 500). 401(k) often...
by DVMResident
Wed Mar 19, 2014 3:38 pm
 
Forum: Investing - Theory, News & General
Topic: Tilters: how much would you pay for a tilt?
Replies: 18
Views: 1458

Re: Boglehead's view on Real Estate investing

My take: the comments on it being a part-time job are over stated. I weekend warrior it a few times a year. There are punctuated moments of LOTS of work: finding tenants, repairs, etc. But the weighted average time put into is much less than a part-time job. I have calculated the money/hours worked ...
by DVMResident
Tue Mar 18, 2014 2:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Boglehead's view on Real Estate investing
Replies: 31
Views: 2648

Re: Tipping should be based on time not amount

I have a high degree of respect for anyone who works hard and strives to do well. I give a base: 15% for higher prices place/mediocre service. Anything below this really isn't a fair working wage.* Then tip above that for lower end places (my favorite :beer ): I tip ~50/~25% for meals <$5/<$10 a pla...
by DVMResident
Tue Mar 18, 2014 1:16 pm
 
Forum: Personal Consumer Issues
Topic: Tipping should be based on time not amount
Replies: 33
Views: 1964

Match is in company stock; help me diversify

Hello Forum, My new employer's, a megacorp, match comes in the form of company stock. It is vested right away and can be sold. To decouple my employment and 401(k) value, I would like to automatically sell the matched company stock into my AA. Fidelity runs the 401(k). They have an automatic rebalan...
by DVMResident
Mon Mar 17, 2014 12:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Match is in company stock; help me diversify
Replies: 2
Views: 270

Re: Why the love for target date funds?

“Successful investing involves doing just a few things right, and avoiding serious mistakes.” — John C. Bogle. The biggest and most common mistakes in investing are behavioral. Using a target date funds avoids most of the behavioral issues. Target date funds are "close enough" and get 90% ...
by DVMResident
Sun Mar 02, 2014 8:05 pm
 
Forum: Investing - Theory, News & General
Topic: Why the love for target date funds?
Replies: 71
Views: 3654

Re: What's the Appropriate Net Worth by % for a 27 year old?

The book/website Money Ratios gives a good rule of thumbs to tell if you're "on track."

http://www.yourmoneyratios.com/run-your-ratios/
by DVMResident
Sat Feb 22, 2014 11:44 am
 
Forum: Personal Finance (Not Investing)
Topic: What's the Appropriate Net Worth by % for a 27 year old?
Replies: 78
Views: 8748

Re: How has frugality impacted your marriage/LTR?

I'm the more frugal one. The large ER funds helps smooth out the random, unexpected expenses. My better half reminds me things like vacations and experiences are important. She abhors consumer debt (expect the mortgage...does that count?) and is willing to save for those experiences. Through give an...
by DVMResident
Thu Feb 20, 2014 7:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: How has frugality impacted your marriage/LTR?
Replies: 37
Views: 2818

Re: Which Lenovo or Asus desktop computer to buy?

If you go with Lenovo, I highly recommend the Thinkpad line over the Ideapad line. The Ideapad line has awful service and it'll take months to replace any faulty parts. They function as 2 different companies under the same brand name.
by DVMResident
Thu Feb 20, 2014 1:20 am
 
Forum: Personal Consumer Issues
Topic: Which Lenovo or Asus desktop computer to buy?
Replies: 40
Views: 2253

Re: Good Financial History Books

In spite the Gods: the Rise of Modern India (http://www.amazon.com/In-Spite-Gods-Modern-India/dp/1400079772) blends history, economic development, and culture of India. Learned a lot.
by DVMResident
Sat Feb 15, 2014 2:06 am
 
Forum: Investing - Theory, News & General
Topic: Good Financial History Books
Replies: 2
Views: 319

Re: What percentage should be in High Yield AKA "Junk" bonds

In "The Only Guide to Alternative Investments You'll Ever Need ", Larry describes High Yield bonds as having both equity and bond-like characteristics. He gives a conversion chart based on the credit quality to percent equity to ascribe to High Yield bonds. If you would like to add them, t...
by DVMResident
Thu Feb 13, 2014 4:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: What percentage should be in High Yield AKA "Junk" bonds
Replies: 32
Views: 2105

Re: Son moving to LA - neighborhood/town recommendations?

Lennox, Hawthorne, Lawndale, All bad, dirty, crime, and not fun places for a young person. Gardena, Dicey parts with crime, but some of it's okay. Heavy Asian population with excellent Pho and Dim Sum places. Might be neat to learn about other cultures, though there are probably better places to li...
by DVMResident
Wed Feb 12, 2014 3:52 am
 
Forum: Personal Consumer Issues
Topic: Son moving to LA - neighborhood/town recommendations?
Replies: 43
Views: 3067

Re: What to do when a parent's money runs out?

My aunt sounds similar and didn't work in her 20's or 30's. She got divorced and had a difficult time transitioning into the work force. My father didn't want to enable her, but also didn't want her or the children to suffer. Instead of sending money, my father purchased basic food items (milk, eggs...
by DVMResident
Tue Feb 11, 2014 11:47 am
 
Forum: Personal Finance (Not Investing)
Topic: What to do when a parent's money runs out?
Replies: 135
Views: 15228

Re: Pay off student loans or contribute to roth ira?

Both are good options and you can't go wrong with either option.

If you expect your marginal tax rate will increase (e.g. MD), I'd lean towards the ROTH.
If you expect your marginal tax rate will will stay the same (e.g. teacher), I'd lean towards paying off the loan.
by DVMResident
Wed Feb 05, 2014 1:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pay off student loans or contribute to roth ira?
Replies: 18
Views: 2239

Re: Your mortgage type, if any [POLL]

1.5 years into a 30 fixed @ 3.5%. Plan to pay off as scheduled.
by DVMResident
Wed Feb 05, 2014 1:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Your mortgage type, if any [POLL]
Replies: 63
Views: 3517

Re: Which Windows 8.1 tablet?

I have a Yoga 2 Pro, which is much more on the laptop end of the laptop-tablet. The Yoga 2 11" is smaller and lighter.
Love the Yoga 2 Pro.
by DVMResident
Tue Feb 04, 2014 12:26 am
 
Forum: Personal Consumer Issues
Topic: Which Windows 8.1 tablet?
Replies: 10
Views: 781

Re: How much financial support should you give your kids?

I'd wait until either

(1) they go to grad school for a masters degree that is likely to result in employment and then pick up the tuition

or

(2) until they are fully employed for a few years. They will likely struggle and this phase is important.
by DVMResident
Sun Feb 02, 2014 7:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much financial support should you give your kids?
Replies: 53
Views: 3224

Re: How to fund 401k with low paycheck

Deposit cash in the bank, open an IRA?

Sucks to loss the match.
by DVMResident
Wed Jan 29, 2014 5:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to fund 401k with low paycheck
Replies: 19
Views: 1584

Re: To Keep Renting or Buy First Home?

24 years old with no kids and significant other lives in another state.

No brainier: RENT!
by DVMResident
Mon Jan 27, 2014 7:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: To Keep Renting or Buy First Home?
Replies: 12
Views: 1195

Re: POLL: What Percentage of Your Retirement Portfolio is Ro

Just finished residency program. Marginal rate is 15% bracket + 6% state. Almost all retirements accounts are ROTH (87.1%), but I switched to traditional this year and the ROTH will be dwarfed in a few years. I think young people who expect larger incomes later (e.g. MDs) will skew your poll high. T...
by DVMResident
Thu Jan 23, 2014 8:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: What Percentage of Your Retirement Portfolio is Roth?
Replies: 42
Views: 3025

Re: John Bogle on International Investing

The efficient frontier models tells us that the ideal intentional investment is 20~30% range. VG has a very nice white paper on the issue. Still, I have the following doubt: every monte carlo, boot strapping, and back-testing models depends on past performance (typically <100 years). Unlike hard sci...
by DVMResident
Wed Jan 22, 2014 3:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: John Bogle on International Investing
Replies: 73
Views: 9359

Re: Should everyone own I Bonds?

The 30 maturity time could be limiting for young people. If your ~25 years old, the I bond will stop collecting interest when your at peak earnings.

I'm waiting until I'm 35 to buy.
by DVMResident
Sun Jan 19, 2014 2:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should everyone own I Bonds?
Replies: 44
Views: 5392

Re: POLL: Pay down 3.5% mortgage or invest in taxable?

This is the best article on this subject: http://financialmentor.com/financial-advice/pay-off-mortgage-early-or-invest/7478 Read it. I voted taxable investment. IMO, there is no point in giving up liquidity to pay off the cheapest money of your life. A taxable account would provide you a liquidity t...
by DVMResident
Sat Jan 18, 2014 12:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: POLL: Pay down 3.5% mortgage or invest in taxable?
Replies: 81
Views: 5369

Re: Cat teeth cleaning cost in San Diego

Vet here: I will not comment on an animal's condition that I've never seen.

The bill is in the ballpark of "fair."
by DVMResident
Fri Jan 17, 2014 7:22 pm
 
Forum: Personal Consumer Issues
Topic: Cat teeth cleaning cost in San Diego
Replies: 30
Views: 1279

Re: Did you have a Lousy Job as a teen / young adult?

Kennel staff at a vet clinic. Very stinky. Good share of aggressive animals. Also, hauling around a lot of heavy stuff. Yard time with the dogs was fun and I learned a good chunk of a foreign language to communicate with the other staff. I liked the guys working there, people were respected for work...
by DVMResident
Fri Jan 17, 2014 3:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Did you have a Lousy Job as a teen / young adult?
Replies: 127
Views: 4835

Re: Who taught you about financial responsibility?

Two places: my parents and this board My folks modeled LBYM, though I didn't recognize it until I reached adulthood. My father was a successful lawyer. My parents drove old cars into the ground (always "making one more repair than made sense"-Dad), didn't own much in material goods*, and n...
by DVMResident
Fri Jan 17, 2014 12:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Who taught you about financial responsibility?
Replies: 57
Views: 2155

Re: Biotechnology or Microbiology

I have a PhD in a bio field (medical imaging*/pharmacology), a BS in (animal) Biotech, and another terminal degree (DVM). jlgrandam is right: the job prospects for bio PhD are dismal, highly competitive, high risk, and low reward from a salary prospective. It stems from low NIH funding rates with li...
by DVMResident
Mon Jan 13, 2014 2:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Biotechnology or Microbiology
Replies: 36
Views: 1152

Re: High Earners - What's Your Profession?

Dual titled position as a Principal scientist/Veterinarian (boarded DVM, PhD) at big pharma on the high COLA west coast.

Edit: Based on the NYT, I'm top 21%, Not bad for early-30's :beer
by DVMResident
Sun Jan 12, 2014 1:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 334
Views: 22780

Re: Investors beware... account security IS important!

(2) Wouldn't a brute method be blocked by multiple attempt limits (which typically range 3-5 attempts)? If they are trying to brute force logging in, yes. If they steal the password database and try to figure it out at home, no. Brute force doesn't seem like a real threat as attempt limitations are...
by DVMResident
Sat Jan 04, 2014 3:30 pm
 
Forum: Personal Consumer Issues
Topic: Investors beware... account security IS important!
Replies: 89
Views: 7409

Re: Investors beware... account security IS important!

Few dumb questions: (1) Does a brute force hacker have to know the number of charters in your password? For example, let's say the range is 6-20 charters and you select 8. Does the hacker have to know I used 8 characters to attempt a brute force method? (2) Wouldn't a brute method be blocked by mult...
by DVMResident
Sat Jan 04, 2014 1:26 am
 
Forum: Personal Consumer Issues
Topic: Investors beware... account security IS important!
Replies: 89
Views: 7409

Re: Can't rebalance-help with new plan

Thanks for the responses. My first question would be is there a reason you don't want to or can't conslidate. A 457s is from a former employer. The 457 is linked with the "years of service" in the pension. Rolling it over would reset the formula of the pension, which is a bad deal-thus the...
by DVMResident
Fri Jan 03, 2014 5:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can't rebalance-help with new plan
Replies: 5
Views: 314
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