Search found 97 matches

Return to advanced search

Re: Maximum amount in a 529 for an 8 year old?

We have substantially more than this for our 7 and 10 year old in 529's, but we view the 529 accounts as a mechanism to fund a family legacy of emphasis on education. Our intent is that anything not used by our kids will be used by our grandkids or beyond. That's an interesting way to look at it. G...
by DonDraper
Sun Mar 01, 2015 3:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Maximum amount in a 529 for an 8 year old?
Replies: 9
Views: 985

Maximum amount in a 529 for an 8 year old?

What is the maximum amount you would put in a 529 plan for an 8 year old? Here's my situation. I currently have about $42k in a 529 plan for my 8 year old. We only have 1 child. The money is currently invested in a fund that is 75/25 stocks/bonds. In 10 years this money should roughly double to arou...
by DonDraper
Sun Mar 01, 2015 9:05 am
 
Forum: Investing - Help with Personal Investments
Topic: Maximum amount in a 529 for an 8 year old?
Replies: 9
Views: 985

Re: Do you consider mortgage payments as savings?

Yes I do consider the portion that goes towards paying down the principal to be savings. Let's say you had $100k in after tax income. You spent $30 on living expenses and put $70k in the bank. On December 31st you took that $70k out of the bank and paid off your mortgage. I consider that to be $70k ...
by DonDraper
Sat Feb 28, 2015 7:47 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you consider mortgage payments as savings?
Replies: 410
Views: 20930

Re: Does anyone like the new Toyota/Lexus grilles?

My parents have owned three Camry's in a row but my mother refuses to buy a fourth because of the grill.
by DonDraper
Sat Feb 14, 2015 9:58 pm
 
Forum: Personal Consumer Issues
Topic: Does anyone like the new Toyota/Lexus grilles?
Replies: 61
Views: 4061

Re: Verizon Wireless Modifies 'More Everything Plans'

I just took advantage of this and lowered my bill by $10 and it specifically said it will not change my contract end date.
by DonDraper
Fri Feb 06, 2015 10:18 pm
 
Forum: Personal Consumer Issues
Topic: Verizon Wireless Modifies 'More Everything Plans'
Replies: 14
Views: 2774

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

My spouse and I agreed on a set spending limit for the month which she loads onto a prepaid card. She can spend that on whatever she wants but when it's gone, it's gone. It's worked pretty well and she's fine with it too.
by DonDraper
Thu Jan 15, 2015 8:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: When your spouse isn't quite as frugal as you
Replies: 94
Views: 8927

Re: Facebook is Outrageous

Once you use Facebook for awhile it essentially becomes a diary of your life complete with pictures of friends and family. I don't think people will easily give it up.
by DonDraper
Sun Dec 28, 2014 11:38 am
 
Forum: Investing - Theory, News & General
Topic: Facebook is Outrageous
Replies: 78
Views: 10124

Re: New case of Ebola in U.S.: Is it the latest market headw

I'm sure it's affected it in some way. There are those who believe the end is neigh. Because each week the news has gotten worse, their fears become more and more "validated." Admittedly I have been thrown for a loop myself but I'm not panicking. When it all first started I never thought ...
by DonDraper
Wed Oct 15, 2014 8:04 pm
 
Forum: Investing - Theory, News & General
Topic: New case of Ebola in U.S.: Is it the latest market headwind?
Replies: 13
Views: 1345

Re: R u selling PIMCO bond fund

I just sold out of Pimco and went into a Total Bond Index fund which has a razor thin .0006 expense ratio. Truth be told, I was close to pulling the trigger on this switch prior to Gross leaving so Friday's news was the clincher for me.
by DonDraper
Sun Sep 28, 2014 6:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: R u selling PIMCO bond fund
Replies: 25
Views: 2999

Re: Will Bill Gross beat the Total Bond Market Index?

Haha!

Well I guess I got my answer!

I'm now likely to move my bond allocation in my 401k to the index fund.
by DonDraper
Sat Sep 27, 2014 7:41 am
 
Forum: Investing - Help with Personal Investments
Topic: Will Bill Gross beat the Total Bond Market Index?
Replies: 57
Views: 6231

Re: The Villages Retirement Community Near Orlando

I've also read some amusing stories regarding women trying to steal other women's husbands down there. Apparently the guy/girl ratio leans heavily in the mans favor. Sounds like there's a lot of poaching going on. :)
by DonDraper
Thu Sep 25, 2014 7:55 pm
 
Forum: Personal Consumer Issues
Topic: The Villages Retirement Community Near Orlando
Replies: 72
Views: 8443

Re: Will Bill Gross beat the Total Bond Market Index?

Thank you for all your responses. I suppose my problem is I view bonds as a terrible investment over the next 10 years. I hold them because I can't seem to find a better alternative to them. It makes sense to me that if interest rates are going to go up, an active manager like Gross will be able to ...
by DonDraper
Mon Sep 01, 2014 7:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Will Bill Gross beat the Total Bond Market Index?
Replies: 57
Views: 6231

Will Bill Gross beat the Total Bond Market Index?

In a rising interest rate environment, Gross and his Pimco Bond Fund are going to have more flexibility which might allow it to beat the static Total Bond Market Fund. That's the theory anyway. Obviously the problem with this logic is that nobody, including Gross knows exactly what interest rates ar...
by DonDraper
Mon Sep 01, 2014 1:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Will Bill Gross beat the Total Bond Market Index?
Replies: 57
Views: 6231

Re: Personal finance podcast to replace Marketplace Money?

The Money Guy doesn't usually "push" T-shirts. One of his children is autistic and 100% of the proceeds from the T-shirt sale goes to support those type of charities. I've been listening to him for years this is the first time he's ever tried to sell anything. I like the show. I told my wi...
by DonDraper
Thu Jul 24, 2014 9:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Personal finance podcast to replace Marketplace Money?
Replies: 19
Views: 3047

Re: Easy careers to last me to retirement?

With $500k in assets only $2500 a month in expenses, you aren't that far away from being financially independent.

With a 4% withdrawal rate you only need $750,000 to cover your expenses. Suck it up and work an IT or project manager job until you hit 50 and then retire.
by DonDraper
Sun Jul 06, 2014 8:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Easy careers to last me to retirement?
Replies: 92
Views: 14607

Re: Water/sewer backup coverage: buy or not?

FWIW I had a sewer backup a few years ago and had a shut off valve installed along the sewer line in the front of the house. I literally have to put an 8 foot pole down into the ground which turns a valve that will completely seal off the sewer pipe. I now have a water alarm in the lowest drain so i...
by DonDraper
Thu Jun 26, 2014 9:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Water/sewer backup coverage: buy or not?
Replies: 33
Views: 4228

Re: Why don't we like Dave Ramesy's investment advice

He was recently in the news - http://www.thedailybeast.com/articles/2014/05/29/spies-cash-and-fear-inside-christian-money-guru-dave-ramsey-s-social-media-witch-hunt.html http://www.nashvillescene.com/pitw/archives/2014/05/29/christian-money-man-dave-ramseys-power-drunk-paranoia I've been listening ...
by DonDraper
Mon Jun 16, 2014 6:36 am
 
Forum: Investing - Theory, News & General
Topic: Why don't we like Dave Ramesy's investment advice
Replies: 50
Views: 5322

Re: Should I buy time in my gov't pension plan?

I personally wouldn't do it. They can and likely will change the deal before you retire. My spouse is in the NJ pension system. A few years ago they took away the COLA and now they aren't funding the pension. You are handing over $81k but have little recourse if they pull the rug out between now and...
by DonDraper
Fri Jun 13, 2014 8:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I buy time in my gov't pension plan?
Replies: 24
Views: 2229

Re: Bond ETFs a certain loss?

I'm struggling with same dilemma. I'm considering using CD's, I Bonds, Online savings accounts for a portion of what would have been my bond allocation. It feels like market timing which I hate to do but it just seems foolish to sit with 30-40% bonds. The other issue is there is no CD option when it...
by DonDraper
Thu Jun 12, 2014 9:55 am
 
Forum: Investing - Help with Personal Investments
Topic: Bond ETFs a certain loss?
Replies: 16
Views: 1203

Re: well off living paycheck to paycheck

I have a sibling who is married with a combined income of $200k and they live paycheck to paycheck. The spouse makes $130k and contributes ZERO to her 401k. The other spouse makes $70k and contributes 5% to his 401k. They are in their mid 40's. They also have 2 boys in middle school and they haven't...
by DonDraper
Sun Mar 23, 2014 8:11 am
 
Forum: Personal Finance (Not Investing)
Topic: well off living paycheck to paycheck
Replies: 16
Views: 2678

Re: Alternatives to MINT.com

How do you (meaning anybody reading this) know you can trust these free services with the user name and passwords to your actual financial custodians? I'm concerned that someone could hack the free services and get my passwords. I realize the services keep passwords in encrypted files, but even enc...
by DonDraper
Wed Mar 05, 2014 8:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Alternatives to MINT.com
Replies: 36
Views: 7305

Re: Vanguard Total Bond Market or 4% fixed at ING?

How are you getting a 4% fixed rate at ING?
by DonDraper
Sun Mar 02, 2014 8:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Total Bond Market or 4% fixed at ING?
Replies: 14
Views: 2716

Re: Anyone ever buy Masters tickets in Augusta?

I really REALLY want to go to a Masters practice round this year, but haven't gotten any tickets. And they're $600 on Stubhub, so that's too much. Has anyone bought them down in Augusta the day of the tournament before? If so, did you find a better deal than the online prices? I went to a US Open p...
by DonDraper
Sat Mar 01, 2014 7:14 am
 
Forum: Personal Consumer Issues
Topic: Anyone ever buy Masters tickets in Augusta?
Replies: 17
Views: 1988

Re: Allan Roth on "Richest Guy in the Graveyard"

I would like to be rich in the graveyard because that money will then transfer to my children.
by DonDraper
Sat Mar 01, 2014 7:08 am
 
Forum: Investing - Help with Personal Investments
Topic: Allan Roth on "Richest Guy in the Graveyard"
Replies: 53
Views: 7638

Re: Where do you invest your child's savings?

This might be a dumb question but can you open the Target Retirement Fund in the child's social security number?
by DonDraper
Sun Feb 23, 2014 9:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where do you invest your child's savings?
Replies: 30
Views: 1688

Where do you invest your child's savings?

My son is going to make his 1st Communion this Spring(age 8). When it's all said and done he will probably have between $500-$1000 accumulated. My first instinct was to take him to the bank and open up a Kid's saving account so he can learn about interest income, however with interest rates so low I...
by DonDraper
Sun Feb 23, 2014 7:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where do you invest your child's savings?
Replies: 30
Views: 1688

Re: Wow! Jim Cramer hates passive index investing

I love Cramer as an entertainer but that's it. Read the book "Trading With The Enemy". It was written by a guy who used to work for Cramer at his hedge fund. Cramer was an absolute maniac back in the day. Great book. Cramer's "Confessions of a Street Addict" is also very entertai...
by DonDraper
Tue Feb 11, 2014 9:18 pm
 
Forum: Investing - Theory, News & General
Topic: Wow! Jim Cramer hates passive index investing
Replies: 52
Views: 5938

Re: Retire by 55?

I recommend the website and book called Early Retirement Extreme. If you follow his methods and lifestyle, you have enough money to retire.
by DonDraper
Sun Feb 09, 2014 7:36 am
 
Forum: Investing - Help with Personal Investments
Topic: Retire by 55?
Replies: 41
Views: 5950

Re: Not happy with market

I'm the opposite. I'm enjoying this sell off. I was so tired of hearing we were due for a pullback. I'm still contributing to the market and it feels better to buy at these levels. Prior to this pullback it was starting to feel like a bubble. I wouldn't mind another 5% pullback just for my piece of ...
by DonDraper
Wed Jan 29, 2014 8:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Not happy with market
Replies: 148
Views: 13673

Re: Portfolio 100% Denominated in US Dollar Assets

You don't own international stocks? Yes I do but maybe I'm not making myself clear. Even if I own the vanguard Total International Stock index it is still denominated in US dollars. My question is does that matter? Guys like Jim Rogers are telling investors they should invest in something like DSUM...
by DonDraper
Sat Jan 25, 2014 3:48 pm
 
Forum: Investing - Theory, News & General
Topic: Portfolio 100% Denominated in US Dollar Assets
Replies: 9
Views: 1317

Portfolio 100% Denominated in US Dollar Assets

I reading something from Jim Rogers where he was warning against holding all of your portfolio in US dollar assets. Help me understand why this is something we should be considered about. If I own the Vanguard Total Stock Market Index Fund and we have a major collapse in the dollar, sure the value o...
by DonDraper
Sat Jan 25, 2014 10:27 am
 
Forum: Investing - Theory, News & General
Topic: Portfolio 100% Denominated in US Dollar Assets
Replies: 9
Views: 1317

Re: Good Bogleheads Podcasts?

The Money Guy Podcast. It's very good. The host is like my financial twin. They put out a show once every two weeks.
by DonDraper
Fri Jan 17, 2014 9:44 pm
 
Forum: Investing - Theory, News & General
Topic: Good Bogleheads Podcasts?
Replies: 12
Views: 1469

This Stock Market run makes me want to payoff mortgage

This seemingly never ending bull market makes it very tempting to want to cash in a large portion of my portfolio and just payoff my mortgage. Of course practically speaking it's not feasible because most of it is tied up in retirement accounts. I just have that feeling that a big correction is comi...
by DonDraper
Fri Dec 20, 2013 9:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: This Stock Market run makes me want to payoff mortgage
Replies: 32
Views: 3410

I Bonds

In the "I just inherited 1 million dollars" thread several posters recommended immediately purchasing $10k of I bonds for both the husband and wife. I'm wondering what rationale behind this would be? I own I bonds and they are currently yielding a little over 1%. I understand they can make...
by DonDraper
Tue Dec 10, 2013 7:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: I Bonds
Replies: 13
Views: 1339

Re: I just inherited $1 million

I'm a little surprised at the consensus......I definitely don't consider the investments that I brought to my marriage as solely belonging to me anymore. Seems to go against the point of marriage. I agree, this is now "joint" money in my book. That is how we treat money in our marriage. T...
by DonDraper
Tue Dec 10, 2013 7:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: I just inherited $1 million
Replies: 65
Views: 11573

Re: Obamacare, increased health costs, disappearing 401k?

My large corporation has reported that our healthcare premium contributions will be flat to slightly lower in 2014.
by DonDraper
Wed Nov 06, 2013 8:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Obamacare, increased health costs, disappearing 401k?
Replies: 41
Views: 4213

Re: Am I saving enough?

If you can't handle retirement saving $40k a year, god help the rest of this country. You're probably in the top 5-10% of savers.
by DonDraper
Wed Sep 11, 2013 9:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Am I saving enough?
Replies: 27
Views: 3103

Re: Question about health insurance(pre existing conditions)

Thanks for the information. If you don't mind me asking, were you able to eventually get insurance? Also if you go from one corporate group insurance immediately to another, are they allowed to give you general coverage but then refuse to pay for just the costs related to your pre existing condition...
by DonDraper
Sun Jul 28, 2013 6:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Question about health insurance(pre existing conditions)
Replies: 13
Views: 1036

Question about health insurance(pre existing conditions)

I had a bit of health scare earlier this year. I had a small cancerous growth removed from my kidney. I was lucky it was found extremely early and it was able to be completely surgically removed and I'm told there's a greater than 95% chance it won't return. I'm fine now but the experience left me c...
by DonDraper
Sat Jul 27, 2013 7:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Question about health insurance(pre existing conditions)
Replies: 13
Views: 1036

Re: Buckets of Money Founder Fined and Banned

I wonder if this opens up Lucia to a whole host of lawsuits from investors who will come out of the woodwork claiming they lost money using his strategy? If he can avoid the lawsuits he'll probably be okay financially. He's up there in age and I would imagine has accumulated significant net worth ov...
by DonDraper
Wed Jul 24, 2013 5:23 am
 
Forum: Investing - Theory, News & General
Topic: Buckets of Money Founder Fined and Banned
Replies: 45
Views: 8188

Interest Rates Rising But Not My Online Savings Account

The 10 year is now over 2.6%, Mortgage rates are rising, and my online savings account hasn't moved a single basis point. This reminds me of gas prices, very quick to increase but very slow to decrease. Has anyone noticed an interest rate increase in their savings account? Might be time shop around.
by DonDraper
Mon Jun 24, 2013 6:39 am
 
Forum: Personal Finance (Not Investing)
Topic: Interest Rates Rising But Not My Online Savings Account
Replies: 2
Views: 648

Re: Tax Planning for a large Capital Gain

The new capital gains rates and how they are calculated is confusing the heck out of me. If someone has W-2 income that puts them solidly in the married filing joint 25% bracket(lets say 145k) and then you throw a large $700k long term capital gain on top of it. Will the $700k LTCG be taxed at 23.8...
by DonDraper
Thu Jun 20, 2013 5:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Tax Planning for a large Capital Gain
Replies: 4
Views: 626

Tax Planning for a large Capital Gain

The new capital gains rates and how they are calculated is confusing the heck out of me. If someone has W-2 income that puts them solidly in the married filing joint 25% bracket(lets say 145k) and then you throw a large $700k long term capital gain on top of it. Will the $700k LTCG be taxed at 23.8%...
by DonDraper
Wed Jun 19, 2013 8:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax Planning for a large Capital Gain
Replies: 4
Views: 626

Why do a 5:4 stock split on a $31 stock?

I own shares in Aqua America (WTR). Today they announced a 5:4 stock split. The stock is only trading at $31 prior to the split.

What would be the motivation behind this stock split?
by DonDraper
Thu May 09, 2013 7:56 pm
 
Forum: Investing - Theory, News & General
Topic: Why do a 5:4 stock split on a $31 stock?
Replies: 11
Views: 1071

Re: Dave Ramsey and 7%

I never did a budget in my life. So you're single? :) One thing Dave teaches is that most marriages have one nerd and one "free spirit". I am definitely the nerd (saver, budget-conscious) whereas Mrs. Nozzle is... um, not. The only reason we have a budget is because she needs financial bo...
by DonDraper
Fri Apr 19, 2013 9:19 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey and 7%
Replies: 46
Views: 8995

Re: Choosing a REIT: index fund or ETF?

Have you considered the Schwab US REIT ETF (SCHH). The expense ratio on this ETF is just .07%.
by DonDraper
Thu Apr 18, 2013 8:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Choosing a REIT: index fund or ETF?
Replies: 9
Views: 1209

Checking Net Worth Only Once a Year

I'm trying something new. I felt I was getting a overly obsessed with my portfolio and my net worth. I track my investments in Quicken and found myself updating and viewing my total investment value every evening after the market closed. This was causing me to be overly frugal as I didn't want to se...
by DonDraper
Tue Apr 16, 2013 8:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Checking Net Worth Only Once a Year
Replies: 41
Views: 4656

Re: Car buying and financial ratios - what do Bogleheads do?

I just attended a large national auto show. I was surprised at how expensive non luxury brand cars were selling for. Bottom line $35k for an automobile is NOT an outrageous amount anymore. A loaded up Camry will cost you $30k. You make $300k a year with a net worth in the millions. I would buy that ...
by DonDraper
Sat Feb 16, 2013 7:32 am
 
Forum: Personal Consumer Issues
Topic: Car buying and financial ratios - what do Bogleheads do?
Replies: 100
Views: 8880

Re: Dave Ramsey recommends 2 funds on the air

He recently did a rant on diversification. His idea of diversification is recommending four different styles of equity mutual funds. He doesn't recommend any bonds, gold, or commodities.
by DonDraper
Wed Feb 13, 2013 9:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Dave Ramsey recommends 2 funds on the air
Replies: 53
Views: 9733

Re: are my 1099's going to be revised?

What problems is the IRS having? I haven't heard anything other than they started processing returns a couple weeks later than normal.
by DonDraper
Mon Feb 11, 2013 9:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: are my 1099's going to be revised?
Replies: 13
Views: 676
Next

Return to advanced search