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Au revoir mes amis

Happy trails to you. So long and thanks for all the fish. Etc. Etc. I have elected to remove myself from the forum as an active participant. My reason is off-topic to discuss and probably not productive anyway. Let's say that it's a matter of principle and I think it the best thing to do. I came to ...
by Default User BR
Tue Aug 13, 2013 2:32 am
 
Forum: Local Chapters and Bogleheads Community
Topic: Au revoir mes amis
Replies: 39
Views: 6524

Re: Am I saving enough that I can spend some of it?

Money is fungible - but assets are not. In this case, the financing is specific to an asset - it is not a general obligation. If one goes in default - they do not repossess a pro rate portion of your house, car, boat, cash, etc. So, in this case, the fungibility of money does not fully describe thi...
by Default User BR
Mon Aug 05, 2013 7:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Am I saving enough that I can spend some of it?
Replies: 38
Views: 4153

Re: How to simplify and overcome Boglehead perfectionism?

People are making out that having a more complex portfolio is a huge investment in time. It's not. I have a spreadsheet set up to aggregate all the information. All I have to do is download or update spreadsheets for each account. That takes approximately ten minutes, and I have seven accounts at si...
by Default User BR
Mon Aug 05, 2013 7:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to simplify and overcome Boglehead perfectionism?
Replies: 38
Views: 5366

Re: Odd 401k question

acanthurus wrote:So if my plan allows it, I can roll in the 22k from the Rollover IRA as well as the 5.5k from the traiditional IRA? All money was contributed pre-tax. I might have to look into this...

Yes. For some, it's a useful way to clear the decks for backdoor Roth.


Brian
by Default User BR
Mon Aug 05, 2013 7:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Odd 401k question
Replies: 13
Views: 1072

Re: On Shopping And Receiving Change

The Munchkin Man loves to accumulate as many coins as possible in change. The Munchkin Man likes to stash them all into a large empty vitamin jar at home until it gets full. The Munchkin Man's jar got full this morning. The Munchkin Man took it to the coin exchange machine at the Munchkin Man's loc...
by Default User BR
Mon Aug 05, 2013 6:40 pm
 
Forum: Personal Consumer Issues
Topic: On Shopping And Receiving Change
Replies: 56
Views: 3288

Re: Routine checkup on my financial picture - Age 27

Lafder wrote:Great job at saving!!

I thought 401k + Roth contributions combined can only be $17,500 ?

Unless you are 50, than it can be $23,000.

No, the IRA contributions are separate from plans like 401(k) or 403(b).


Brian
by Default User BR
Mon Aug 05, 2013 5:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Routine checkup on my financial picture - Age 27
Replies: 10
Views: 1162

Re: First Post, Simplifying and any advice welcome

Are we ineligible for Roth conversions too, or just ineligible for direct Roth deposits? Everyone is eligible for conversions. Congress removed the income limit for that some years back. That's how the "backdoor Roth" came about. People who can't make Roth contributions can contribute to ...
by Default User BR
Mon Aug 05, 2013 5:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: First Post, Simplifying and any advice welcome
Replies: 20
Views: 1348

Re: Why does Fidelity quote mulitiple expense ratios?

tadamsmar wrote:Fidelity quotes gross and net ERs. What's that all about?

The net includes fee waivers.

Brian
by Default User BR
Mon Aug 05, 2013 5:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why does Fidelity quote mulitiple expense ratios?
Replies: 2
Views: 425

Re: First time post for Allocation advice

If the credit cards are paid in full each month, I wouldn't even include that in the analysis, it will only confuse things. What interest rate(s) apply to the student loans?


Brian
by Default User BR
Mon Aug 05, 2013 5:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: First time post for Allocation advice
Replies: 17
Views: 1019

Re: Rollover to Fidelity or Vanguard

Fidelity is offering a bonus for rollovers or transfers. If you rolled $250k in, that would be $600.

https://scs.fidelity.com/other/offers/registration_casha.shtml


Brian
by Default User BR
Mon Aug 05, 2013 5:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rollover to Fidelity or Vanguard
Replies: 13
Views: 1211

Re: IRA converting - tiny gains w/some losses

How are you defining "cost basis"? Good point - I just happen to be looking at my Quicken screen and took the Market vs Cost totals.. I'll have to dig thru my paper files for the IRA stuff and see how it all breaks down. I think some years are deductable and some are not - what a mess to ...
by Default User BR
Mon Aug 05, 2013 2:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: IRA converting - tiny gains w/some losses
Replies: 9
Views: 345

Re: IRA converting - tiny gains w/some losses

Epsilon Delta wrote:You can get a large IRA by rolling over a 401(k). The $17,500 limit on 401(k) contributions plus any employer match gets money in faster.

Also after-tax contributions to qualified plans with in-service rollovers.


Brian
by Default User BR
Mon Aug 05, 2013 2:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: IRA converting - tiny gains w/some losses
Replies: 9
Views: 345

Re: Stupid Question - TSM vs. SCV

livesoft wrote:If the polls on this forum are to be believed, more respondents tilt to small-cap and value than folks who use the 3-fund total market weighted portfolio.

I never believe the polls on this forum.


Brian
by Default User BR
Mon Aug 05, 2013 1:42 pm
 
Forum: Investing - Theory, News & General
Topic: Stupid Question - TSM vs. SCV
Replies: 24
Views: 1993

Re: best funds for the 4 economic scenarios

If you look at the most recent market crash (say from 10/1/2007 - 3/1/2009, the obvious winners were funds that shorted the stock market. For instance, the ProShares UltraShort S&P 500 Fund (SDS) returned 240% over that period. Of course, once the recovery began . . .


Brian
by Default User BR
Mon Aug 05, 2013 1:35 pm
 
Forum: Investing - Theory, News & General
Topic: best funds for the 4 economic scenarios
Replies: 5
Views: 853

Re: would a portfolio last forever if you only took the divi

You could also get your portfolio to last forever if you took 10% of your remaining total investment each year. In the abstract that's true. However, real investments have a minimum amount you have to hold to keep the same investment. You could reach a level where you can't sell 10% anymore because...
by Default User BR
Mon Aug 05, 2013 1:14 pm
 
Forum: Investing - Theory, News & General
Topic: would a portfolio last forever if you only took the dividend
Replies: 31
Views: 3238

Re: Possible to move an individual 401K?

My basic point was that to open a individual 401k, you must be actively engaged in a qualified self-employed business. Income in a particular year is not required, but an ongoing business is. Perhaps, but it's so easy to start a "business" that this is a non-factor. Start a blog on some s...
by Default User BR
Mon Aug 05, 2013 12:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Possible to move an individual 401K?
Replies: 17
Views: 1373

Re: Odd 401k question

It is in a Rollover IRA along with the money from a different former employers 401k. My understanding is that since only old 401k money is in that account, that the entire amount can be rolled over to a future employers 401k if I so choose. There is no longer any legal requirement that rollovers in...
by Default User BR
Mon Aug 05, 2013 12:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Odd 401k question
Replies: 13
Views: 1072

Re: Paying for a car using funds in Vanguard

I have not purchased a vehicle in quite some time (12/1999) but I have always paid with personal checks. These days I'd have a PenFed loan if I could.


Brian
by Default User BR
Mon Aug 05, 2013 12:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying for a car using funds in Vanguard
Replies: 24
Views: 1640

Re: Buying a House without a Real Estate Agent

If you are in a seller's market with low inventory, I would be less worried about saving money on commission than I am with getting my offer accepted. If you haven't already, I would make a couple of offers just to see what the market is like at the moment in the area you're looking. You're under n...
by Default User BR
Mon Aug 05, 2013 12:15 pm
 
Forum: Personal Consumer Issues
Topic: Buying a House without a Real Estate Agent
Replies: 29
Views: 2580

Re: Reverse Mortgage == Last Resort Loan ?

I think part of the appeal of a reverse mortgage is that they can't kick you out before you die, effectively an annuity. However, the fees and rates are very unattractive. While they can't kick the person out, there's a maximum loan amount. Once that's reached there won't be any more payments. Some...
by Default User BR
Mon Aug 05, 2013 2:29 am
 
Forum: Investing - Help with Personal Investments
Topic: Reverse Mortgage == Last Resort Loan ?
Replies: 28
Views: 3012

Re: Leaving Wells Fargo Brokerage

This thread reinforces that decision. I've never understood why someone would go through the hassle of opening a bank brokerage account for free trades when they usually end up in VG products anyway. VG funds and etfs are free directly from the source. Opening an account was no more difficult at We...
by Default User BR
Mon Aug 05, 2013 2:15 am
 
Forum: Investing - Theory, News & General
Topic: Leaving Wells Fargo Brokerage
Replies: 53
Views: 4522

Re: First Post, Simplifying and any advice welcome

So Roth distributions are not taxed at all? Not even the amount above the original contribution? Plus no minimum distributions? That sounds too good to be true, to get the "growth" in the account for no tax? Correct, it's like a Roth IRA in treatment of earnings. Are after Tax 401k distri...
by Default User BR
Mon Aug 05, 2013 2:08 am
 
Forum: Investing - Help with Personal Investments
Topic: First Post, Simplifying and any advice welcome
Replies: 20
Views: 1348

Re: Age old question: Invest or Pay Debt?

I'd pay the loan. No sense paying interest on a depreciating asset. This is an old saw that makes no sense to me. What does it matter what the loan was for? Money is fungible. It only matters what the terms of the loan are. Would you turn down a 0.01% loan on a car because it was a depreciating ass...
by Default User BR
Sun Aug 04, 2013 4:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Age old question: Invest or Pay Debt?
Replies: 25
Views: 1324

Re: First Post, Simplifying and any advice welcome

If a roll-in has to be tracked as a separate account, then I agree, it's not such a good idea. Lafder, you might check to see if a transfer is allowed, and how it would work. As I mentioned, the separate accounting is a custodian requirement and generally not evident to the account holder. Usually ...
by Default User BR
Sun Aug 04, 2013 4:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: First Post, Simplifying and any advice welcome
Replies: 20
Views: 1348

Re: First Post, Simplifying and any advice welcome

The OP wants simplicity, but I'm fairly sure that the employer will still need to track this money as a separate account inside the 401(k) (but invested in the funds of choice). So, there will still be separate accounts - nothing has been simplified. While the custodian has to manage separate accou...
by Default User BR
Sun Aug 04, 2013 4:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: First Post, Simplifying and any advice welcome
Replies: 20
Views: 1348

Re: Globe and Mail Doesn't Like Boglehead Approach

But WHY do you follow that strategy as opposed to simply "Total Market" which is a guarantee of market returns? Why follow any strategy? Indeed, one thinks that the risk and performance expectation fit their personal objectives. I certainly can understand if people don't want to tilt for ...
by Default User BR
Sun Aug 04, 2013 4:08 pm
 
Forum: Investing - Theory, News & General
Topic: Globe and Mail Doesn't Like Boglehead Approach
Replies: 32
Views: 3114

Re: Asset Allocation / Portfolio Help

Hate to break it to you, my recollection of the Ultimate Buy and Hold Portfolio was correct. Just looked it up. I also have Paul Merriman's book and have read it several times. It is 10 slices on the equity side at 6% each, though they may have broken the REIT slice into US and International at 3% ...
by Default User BR
Sun Aug 04, 2013 3:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation / Portfolio Help
Replies: 22
Views: 1940

Re: First Post, Simplifying and any advice welcome

Depending on the specifics of your employer plan, you can have a traditional pre-tax 401k or a Roth 401k, or perhaps both. In addition, you can often make after-tax contributions to the traditional 401k in excess of the pre-tax limit (now $17,500), it depends on the plan. The future earnings of the...
by Default User BR
Sun Aug 04, 2013 3:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: First Post, Simplifying and any advice welcome
Replies: 20
Views: 1348

Re: Age old question: Invest or Pay Debt?

It's definitely not a good loan in the current environment. It might be worth looking into a refinance, but the fact that you ended up with this in the first place indicates problems with credit and/or the loan to value ratio. I would think this loan is probably underwater. Cars depreciate quite a b...
by Default User BR
Sun Aug 04, 2013 2:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Age old question: Invest or Pay Debt?
Replies: 25
Views: 1324

Re: Tried to make custom portfolio

Tracking error in your case would be the difference between your value and emerging market tilted portfolio and a market-weighted portfolio. That's not tracking error in any meaningful sense of the term. A titled portfolio is not designed to track that index, so why would it be an error not to trac...
by Default User BR
Sun Aug 04, 2013 2:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tried to make custom portfolio
Replies: 13
Views: 774

Re: Why you need bonds as rates rise

Gee, its only been five years since the financial panic and people are already back into believing in the miracles of financial innovation. You're certainly free to dislike and not use stable-value funds, but to lump them in with some of these other products is intellectually dishonest. You continu...
by Default User BR
Sun Aug 04, 2013 2:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why you need bonds as rates rise
Replies: 61
Views: 6994

Re: Leaving Wells Fargo Brokerage

Last I heard (e.g., http://www.bogleheads.org/forum/viewtopic.php?t=48546 ), partial transfers didn't have a $95 fee, and closing an account (non-IRA) didn't have a fee. So, for the taxable accounts at least, you may be able to avoid the fees by doing a partial transfer (all the stocks but not the ...
by Default User BR
Sun Aug 04, 2013 1:43 pm
 
Forum: Investing - Theory, News & General
Topic: Leaving Wells Fargo Brokerage
Replies: 53
Views: 4522

Re: The "Lost Decade" and Long-Term Real Stock Returns

Isn't the "Lost Decade" another way of saying that we experienced a secular bear market? There was another thread where the idea of a secular bear market was ridiculed and pilloried but I guess it is okay to call it a lost decade. Only because some of us think "secular" markets ...
by Default User BR
Sun Aug 04, 2013 1:22 pm
 
Forum: Investing - Theory, News & General
Topic: The "Lost Decade" and Long-Term Real Stock Returns
Replies: 32
Views: 3443

Re: Scott Adams on Active Managers

Yes. Yes. The evil Dogbert as the investment manager!! The reason Dilbert is so funny is that it rings so true!!! Of course it was Catbert (the evil HR director) who made Dilbert, Wally, Point-haired Boss, Alice, and the rest a captive audience to Dogbert's fund line-up... :twisted: There's the dif...
by Default User BR
Sun Aug 04, 2013 1:14 pm
 
Forum: Investing - Theory, News & General
Topic: Scott Adams on Active Managers
Replies: 29
Views: 2541

Re: Globe and Mail Doesn't Like Boglehead Approach

To me, "Factor Tilting" as a whole (maybe not all, but a big part of the theme) seems like a product sold by the financial "service" industry to try and sell to the ever growing "passive index" crowd. It depends on how to define your terms. Generally around here, facto...
by Default User BR
Sun Aug 04, 2013 1:11 pm
 
Forum: Investing - Theory, News & General
Topic: Globe and Mail Doesn't Like Boglehead Approach
Replies: 32
Views: 3114

Re: Globe and Mail Doesn't Like Boglehead Approach

Yes, most cases are someone new (but not all). I really don't want to gather a list and single people out making assumptions as to what their expectations are from the strategy they are following (especially not on an unrelated thread where they may not see it to give their view) . The "Invest...
by Default User BR
Sun Aug 04, 2013 1:08 pm
 
Forum: Investing - Theory, News & General
Topic: Globe and Mail Doesn't Like Boglehead Approach
Replies: 32
Views: 3114

Re: Am I saving enough that I can spend some of it?

Don't. DON'T buy cars on credit any longer. Paying for $14k of car for 5 years doesn't make any sense. Pay cash in the future for your transportation. Like you would any other tool. I disagree with that. The low interest rates these days are very attractive. He's paying 1.49%. You can often get bet...
by Default User BR
Sun Aug 04, 2013 12:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Am I saving enough that I can spend some of it?
Replies: 38
Views: 4153

Re: How to simplify and overcome Boglehead perfectionism?

When a clerk or a machine asks me if I want the receipt, I almost always say, "No, thank you." I do take the receipt from the ATM because I don't go there very often. Gas stations never, and I dislike the pumps that don't give you an option on that. The main exception is the supermarket a...
by Default User BR
Sun Aug 04, 2013 11:40 am
 
Forum: Personal Finance (Not Investing)
Topic: How to simplify and overcome Boglehead perfectionism?
Replies: 38
Views: 5366

Re: Tipping

We are replacing our Central Air Conditioning system next week. The team will be 5 to 6 skilled technicians. All the work to be completed in one day or so. Do we need to tip? If yes, how much? (Total cost of replacement is $8,600) I have not and would not tip in that situation. Generally when I've ...
by Default User BR
Sun Aug 04, 2013 11:27 am
 
Forum: Personal Consumer Issues
Topic: Tipping
Replies: 101
Views: 6193

Re: Why you need bonds as rates rise

My apologies, ODG, I was confusing this discussion with the Stable Value discussion above. You are correct about a traditional bond fund with variable NAV. However the same is not true of a Stable Value Fund or Money Market Fund that tries to maintain a fixed NAV. In that case, if assets are redeem...
by Default User BR
Sun Aug 04, 2013 2:23 am
 
Forum: Investing - Help with Personal Investments
Topic: Why you need bonds as rates rise
Replies: 61
Views: 6994

Re: Reverse Mortgage == Last Resort Loan ?

From what I read, when many seniors want to refinance a house that is already paid off, they no longer have income to qualify for the loan. Right, the banks typically won't give loans to people without sufficient income. Most likely, the mere fact that it's necessary to take out the loan to live on...
by Default User BR
Sun Aug 04, 2013 1:49 am
 
Forum: Investing - Help with Personal Investments
Topic: Reverse Mortgage == Last Resort Loan ?
Replies: 28
Views: 3012

Re: Asset Allocation / Portfolio Help

The Merriman portfolio had the equity portion of a 60/40 portfolio in ten slices. Let's see if I can recite them by memory. 6% S&P 500, 6% Large Value, 6% Microcap, 6% Small Cap Value, 6% REITs, 6% International Index, 6% International Value, 6% International Small Cap, 6% International Small C...
by Default User BR
Sun Aug 04, 2013 1:41 am
 
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation / Portfolio Help
Replies: 22
Views: 1940

Re: Tracking Portfolio Performance

Can you elaborate more on the 5/25 rebalancing analysis? What formula/function you use in Excel? Can you provide a sample? What I did was create one. All you need is the current percentage for the asset class and the target. Then the formula compares them for either the 5% absolute or 25% relative ...
by Default User BR
Sat Aug 03, 2013 11:39 am
 
Forum: Investing - Theory, News & General
Topic: Tracking Portfolio Performance
Replies: 6
Views: 826

Re: It's not your father's indexing

How can you complain that Vanguard is ignoring this when they've offered growth index funds and value index funds since 1992, and currently offer index funds covering all nine style boxes supporting every possible tilting theory? True for the USA, but not internationally. Many of us would be intere...
by Default User BR
Sat Aug 03, 2013 11:27 am
 
Forum: Investing - Theory, News & General
Topic: It's not your father's indexing
Replies: 40
Views: 3888

Re: Globe and Mail Doesn't Like Boglehead Approach

I see this all the time on this message board as people try to jump around from sector to sector following one formula or another expecting they will somehow earn more then a fair share of market returns by doing so. Could you point out some examples? Most such cases are new folks, and the main adv...
by Default User BR
Sat Aug 03, 2013 11:18 am
 
Forum: Investing - Theory, News & General
Topic: Globe and Mail Doesn't Like Boglehead Approach
Replies: 32
Views: 3114

Re: Globe and Mail Doesn't Like Boglehead Approach

assumer wrote:Also, if you have a whole lot of people flip a coin 30 times, odds are one of them will hit tails every time due to random chance (like survivorship bias) but others may believe that person is a skilled coin flipper.

Better have a lot of people. The odds on a 30 out 30 streak is 9.31E-10.


Brian
by Default User BR
Sat Aug 03, 2013 11:15 am
 
Forum: Investing - Theory, News & General
Topic: Globe and Mail Doesn't Like Boglehead Approach
Replies: 32
Views: 3114

Re: Hiring parents to take care of children

scubadiver wrote:You can gift each of your parents up to $12K (I think) per year tax free.

14K per year without tax or filing it with your return. You will owe no gift tax unless you exceed the lifetime exclusion of 5.25 million.


Brian
by Default User BR
Sat Aug 03, 2013 2:21 am
 
Forum: Personal Finance (Not Investing)
Topic: Hiring parents to take care of children
Replies: 8
Views: 1031

Re: On Shopping And Receiving Change

ARRRGGGHHH!!! What horrible advice is being doled out by my beloved minions to this most entertaining of all BHes! The MunchkinMan should NOT use a credit card for his small transactions! DoWahDaddy reconciles his receipts to his credit card statements every month. ShBoomFather buys little things w...
by Default User BR
Sat Aug 03, 2013 2:11 am
 
Forum: Personal Consumer Issues
Topic: On Shopping And Receiving Change
Replies: 56
Views: 3288

Re: Tipping

I had a home inspector at the house today to help me get ready to sell. He spent over 4.5 hours with me going over every aspect of the house, answering every question, and likely saving me thousands of dollars in repairs by suggesting better approaches. He charged $225, I happily tipped him $50. I ...
by Default User BR
Sat Aug 03, 2013 2:03 am
 
Forum: Personal Consumer Issues
Topic: Tipping
Replies: 101
Views: 6193

Re: Tipping

Jazzman wrote:The NEW ORLEANS SAINTS QB (DREW BREES) gave a $3.00 tip on a $75.00 TAKE OUT ORDER. He's is being blasted on ESPN.

I never tip for takeout.


Brian
by Default User BR
Sat Aug 03, 2013 2:03 am
 
Forum: Personal Consumer Issues
Topic: Tipping
Replies: 101
Views: 6193
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