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Re: Do you celebrate financial milestones?

How do you check Voyager status in Vanguard? I recently went over $50k total assets. It just happens automatically. They mail you something. I currently don't have a specific milestone that would trigger a celebration. A cheeky one I got from another poster on here is to celebrate $401k in your 401...
by Hub
Mon Dec 08, 2014 1:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you celebrate financial milestones?
Replies: 105
Views: 12075

Re: Dave Ramsey Only Invests in Mutual Funds that Beat the S

I have appreciated watching him dig in on his investing ignorance over the past couple years. It's obvious that nobody past "Baby Step 2" is in need of his services.
by Hub
Fri Dec 05, 2014 6:43 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey Only Invests in Mutual Funds that Beat the S&P
Replies: 23
Views: 3245

Re: Advice for lock-boxing inheritance for 20 years

In light of all that is does make some sense for the will to stipulate a trust be formed, invested in X manner, and liquidated on X date to x,y, and z people. You're the trustee, but there's no decisions to make outside of the narrow confines of the allowed investments. Make the date 10 years from d...
by Hub
Fri Dec 05, 2014 1:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advice for lock-boxing inheritance for 20 years
Replies: 45
Views: 3645

Re: HELOC as emergency fund

The HELOC as an emergency fund thing depends on a lot of factors. The amount of equity in your home is one of them. I have $100k equity in a $200k home, so I have a HELOC large enough to easily cover my family's annual spend. Since this is more than I would ask from any emergency fund, I think I'm i...
by Hub
Fri Dec 05, 2014 12:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: HELOC as emergency fund
Replies: 19
Views: 1646

Re: HELOC as emergency fund

I have a HELOC as an additional emergency fund. I like knowing that I could handle something large quickly without having to sell stocks in my taxable account.

That said I still keep a $10k or so cash buffer around. Having the HELOC keeps me from feeling the need to add to that.
by Hub
Thu Dec 04, 2014 4:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: HELOC as emergency fund
Replies: 19
Views: 1646

Re: MLP ETFs

Interesting, a deferred tax liability that may not come to pass during the time you own the shares. So, then the quarterly "dividends" that are yielding 6% come to the investor as what kind of income?
by Hub
Mon Dec 01, 2014 5:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: MLP ETFs
Replies: 14
Views: 1241

Re: MLP ETFs

Read the stuff on this link, then tell your father only to invest if he goes in "eyes wide open". http://www.naptp.org The price of oil is dropping, a lot of these master limited partnerships own the pipelines, ...snip... Good Luck! He likes that it isn't as directly dependent on the pric...
by Hub
Mon Dec 01, 2014 4:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: MLP ETFs
Replies: 14
Views: 1241

Re: MLP ETFs

Tanelorn wrote:AMJ is another. It might be an ETN if I recall correctly, so no tracking error in exchange for a little credit risk.
Yes that seems to be the case. But also some tax differences that I don't fully grasp.
by Hub
Mon Dec 01, 2014 4:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: MLP ETFs
Replies: 14
Views: 1241

MLP ETFs

I'm trying to evaluate AMLP for my father. He has his Edward Jones guy pushing it pretty hard for "all his clients." http://etfs.morningstar.com/quote?t=amlp The fund lists management fees annually of 0.85%, which is high for me, but not outright offensive. However the ER shows to be 8.56%...
by Hub
Mon Dec 01, 2014 12:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: MLP ETFs
Replies: 14
Views: 1241

Re: Wisdom: When to drop disability insurance?

I dropped mine when I realized we could live comfortably on 1 salary plus social security disability.
by Hub
Tue Nov 25, 2014 11:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wisdom: When to drop disability insurance?
Replies: 11
Views: 1222

Re: Living below my means, means…

I think avoiding debt and saving a relatively low % of your income is just living at your means. LBYM to me means you're savings a % of money that could have really translated into a noticeably higher standard of living if spent. Anecdotally, I feel this starts to be true once you're saving north of...
by Hub
Tue Nov 25, 2014 4:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Living below my means, means…
Replies: 32
Views: 2708

Re: COBRA Questions

OK, so for example say a person and their spouse are on separate employer plans. One leaves work and then needs to be added to the other's employer plan, life changing event style. What's the optimal way to minimize costs while remaining covered during the transition? For example: 1. Wait 45-50 day...
by Hub
Tue Nov 25, 2014 11:39 am
 
Forum: Personal Consumer Issues
Topic: COBRA Questions
Replies: 19
Views: 1566

Re: How should wife counter salary offer within current co.?

Good thread. My biggest takeaway from this is that, despite the discomfort, your wife should at least have a conversation with the hiring director about this. It can be quick and seemingly casual, but it needs to take place so that it's easier next time if nothing else. It's possible this person doe...
by Hub
Mon Nov 24, 2014 3:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: How should wife counter salary offer within current co.?
Replies: 60
Views: 5572

Re: Pension buyout offer - Accept or reject

You would need an annual return of 5.3% for a $57,000 lump sum to provide a $750 monthly payment from age 65 to 82.6. [ * ] This is calculated using the method in part 3 of my post Re: Yet Another Pension Buyout Scenario . Thank you for the nice spreadsheet help. I'm weighing a cash out or keep opt...
by Hub
Wed Nov 19, 2014 5:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pension buyout offer - Accept or reject
Replies: 46
Views: 5376

Re: Is this an appropriate use for a line of credit?

Regarding what's appropriate for a line of credit vs other types of loans, the equipment is usually pretty easy to put up as collateral for a term note. A line of credit is for working capital and shouldn't be used for items that don't revolve. So maybe you're looking for a "Guidance Line"...
by Hub
Wed Nov 19, 2014 4:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is this an appropriate use for a line of credit?
Replies: 6
Views: 566

Re: COBRA Questions

First, the relevant Cobra timing issues. 1. You have sixty (60) days to elect COBRA coverage from when you receive the COBRA enrollment materials from your employer 2. You have forty-five (45) days after you elect coverage to make payment. 3. You technically have 105 days after receiving your enrol...
by Hub
Thu Oct 30, 2014 2:29 pm
 
Forum: Personal Consumer Issues
Topic: COBRA Questions
Replies: 19
Views: 1566

Re: Is semi-retirement a bad idea?

I'm in late, but just wanted to note the OP is not looking at "semi-retirement" by any normal definition. The OP is simply asking about downsizing employment. This can work or can backfire, but people do this all the time. They have kids and scale back, get tired and scale back, whatever....
by Hub
Wed Oct 15, 2014 11:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Is semi-retirement a bad idea?
Replies: 106
Views: 7812

Re: Market at a glance: 52-week and today

excellent post. thanks.
by Hub
Mon Oct 13, 2014 8:13 pm
 
Forum: Investing - Theory, News & General
Topic: Market at a glance: 52-week and today
Replies: 16
Views: 2871

Re: Just read All About Asset Allocation by Mr. Ferri.. Help

Ferri's book introduced me to the concepts you speak of OP, but I did quite a bit more reading before I settled on an asset allocation. I would recommend reading Swedroe next with "The only Guide to a Winning Investment Strategy You'll Ever Need." It will help you to refine your inner slic...
by Hub
Mon Oct 13, 2014 6:01 pm
 
Forum: Investing - Theory, News & General
Topic: Just read All About Asset Allocation by Mr. Ferri.. Help!
Replies: 12
Views: 1655

Re: Is semi-retirement a bad idea?

I would love to live like a nomad for a year or two since I can do my work on the road. The quandary I have though is that by the time I could semi-retire and do this, my daughter will be in grade school so we'll probably need to stay put. My kids will be in grade school by the time I pull this off...
by Hub
Sun Oct 12, 2014 12:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is semi-retirement a bad idea?
Replies: 106
Views: 7812

Re: Is semi-retirement a bad idea?

My plan is similar to yours OP. We don't make what you make, but by age 40 we'll have between $650k and $900k in invested retirement assets. That's enough for me to mark saving for retirement completely off my to-do list (could probably stop sooner even). At that point I intend for wife and me to do...
by Hub
Sun Oct 12, 2014 11:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Is semi-retirement a bad idea?
Replies: 106
Views: 7812

Re: Wife Expecting, Down to One Income Source

My wife is set to quit her job around the 1st of the year to stay home with our 2 young children. At first the realization that this was going to happen was a punch in the gut because she makes a nice salary and we're already saving all of it, so I had gotten pretty attached to our 50+% savings rate...
by Hub
Sun Oct 12, 2014 11:03 am
 
Forum: Personal Finance (Not Investing)
Topic: Wife Expecting, Down to One Income Source
Replies: 116
Views: 9051

Re: Employer finding out you have a financial cushion?

To OP: Do not tell. A person I know well that we will call "Susie" works at a Fortune 50 company that has been around a long time. When it comes time for layoffs, the managers often use personal circumstances to make the determination. "Bob has a family and his wife is unemployed, bu...
by Hub
Thu Sep 25, 2014 10:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Employer finding out you have a financial cushion?
Replies: 72
Views: 8560

Re: Employer finding out you have a financial cushion?

To OP: Do not tell. A person I know well that we will call "Susie" works at a Fortune 50 company that has been around a long time. When it comes time for layoffs, the managers often use personal circumstances to make the determination. "Bob has a family and his wife is unemployed, bu...
by Hub
Thu Sep 25, 2014 10:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Employer finding out you have a financial cushion?
Replies: 72
Views: 8560

Re: Solo 401k Contribution Limit Confusion

Oddly enough I find myself running numbers under this exact same circumstance. I'm trying to set up an excel formula that adjusts accordingly once you get into this range of maxing $17,500 employee contribution, but having net Sched C income of less than $17,500 plus 50%-100% of 20% of net Schedule ...
by Hub
Wed Sep 17, 2014 9:25 am
 
Forum: Investing - Theory, News & General
Topic: Solo 401k Contribution Limit Confusion
Replies: 7
Views: 853

Re: Why COULDN'T we just retire on Social Security?

As a 30 something planning on an earlier than typical boglehead retirement, I think it's important for my family to keep our minimum required expenses below what SS projects to pay us. This helps curtail lifestyle creep and enables a very aggressive current level of savings. If the day comes that we...
by Hub
Fri Sep 12, 2014 11:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Why COULDN'T we just retire on Social Security?
Replies: 66
Views: 6117

Re: Paperback of The Bogleheads' Guide to Investing, 2nd Ed.

I just loaned my copy out to a young co-worker a couple weeks ago. I'm happy to hear there's a 2nd edition out that I can point her to. There's something about financial books where, when I was a novice investor, a little dated information made me inclined to throw the baby out with the bathwater. A...
by Hub
Sat Aug 23, 2014 8:01 am
 
Forum: Investing - Theory, News & General
Topic: Paperback of The Bogleheads' Guide to Investing, 2nd Ed.?
Replies: 34
Views: 3408

Re: look at small value etfs

Grabiner hit on it, but I'm left wondering how to decide between VBR and RZV. The expense ratios are 0.09% vs 0.35% respectively, but the size and value differences appear significant within the category. As an accumulator VBR is free to trade for me so the trading fee is enough to break the tie for...
by Hub
Sat Aug 23, 2014 7:09 am
 
Forum: Investing - Theory, News & General
Topic: look at small value etfs
Replies: 34
Views: 3281

Re: If interest rates would ever reach double digits again

May be inclined to put my bond allocation in TIPS. And then some.
by Hub
Thu Jul 17, 2014 1:15 pm
 
Forum: Investing - Theory, News & General
Topic: If interest rates would ever reach double digits again
Replies: 36
Views: 3138

Re: Why I can't be a day trader.

I use a self directed Schwab brokerage for both my wife and my 401ks just because it's the far superior option to the funds otherwise available in each plan. Thusly some of my monthly investing must be done in ETF trades. It really took me a while to get this out of my head. Like freddie mentioned, ...
by Hub
Wed Jul 16, 2014 10:10 am
 
Forum: Personal Finance (Not Investing)
Topic: Why I can't be a day trader.
Replies: 38
Views: 3100

Re: UGMA/UTMA/529 for newborn

Just a thought regarding a UTMA account for a newborn, my dad established one for each of my kids at birth. Once they have earned income I'm thinking I may dollar for dollar their UTMA money into Roth IRAs. This shelters it from FAFSA calculations. The Roth contributions could still be used for educ...
by Hub
Wed Jul 16, 2014 10:06 am
 
Forum: Personal Finance (Not Investing)
Topic: UGMA/UTMA/529 for newborn
Replies: 21
Views: 1213

Re: What ONE investing book or article for skeptical sibling

I think about this question often. For my father I think I'm going to give him my copy of Four Pillars because it's a case of trying to have him come around to the reality of the expense of his Edward Jones guy. Additionally I want to kind of knock the dust off the illusion of how complicated the ma...
by Hub
Fri Jul 11, 2014 2:57 pm
 
Forum: Investing - Theory, News & General
Topic: What ONE investing book or article for skeptical sibling?
Replies: 30
Views: 3089

Re: How does a commercial banker define liquidity?

Correct. Any sort of retirement account is basically ignored when it comes down to liquidity or tangible net worth calculations. Though your commercial banker is likely a human and will note the obvious qualities of a person that has been able to save a lot in retirement accounts. Banking regulatio...
by Hub
Tue Jul 08, 2014 3:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: How does a commercial banker define liquidity?
Replies: 8
Views: 840

Re: How does a commercial banker define liquidity?

Correct. Any sort of retirement account is basically ignored when it comes down to liquidity or tangible net worth calculations. Though your commercial banker is likely a human and will note the obvious qualities of a person that has been able to save a lot in retirement accounts.
by Hub
Tue Jul 08, 2014 8:38 am
 
Forum: Personal Finance (Not Investing)
Topic: How does a commercial banker define liquidity?
Replies: 8
Views: 840

Re: Do you tell your kids how much you make?

My dad told me how much they made by the time I was about in 10th grade. Back then he and mom both worked for the government and did pretty well, but nothing remarkable. Now he's well into a 2nd career and making good money, but I could only estimate how much. I wouldn't ask specifically and he hasn...
by Hub
Mon Jul 07, 2014 1:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you tell your kids how much you make?
Replies: 58
Views: 6523

Re: Any Bogelheads get involved in private equity?

Most of these replies seem to apply to something different than a situation I'm looking at with my non boglehead father. Would the masses feel differently about private bank stock? P/E of 7, 3% dividend, nice history of profitability and return on equity. Obviously the illiquidity is the issue. No f...
by Hub
Sun Jul 06, 2014 4:45 pm
 
Forum: Investing - Theory, News & General
Topic: Any Bogleheads get involved in private equity?
Replies: 31
Views: 3619

Re: Who do you talk with about your financial goals?

I wish I had a friend to confide in, bounce things off of, shoot the financial bull with, etc. I drop small nuggets here and there that a true boglehead might pick up on, but have found no keepers. I tell my wife our milestones, and I tell my dad how much we're saving. My brother too a bit, but neit...
by Hub
Sat Jun 28, 2014 11:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Who do you talk with about your financial goals?
Replies: 158
Views: 9842

Re: Can I afford a house in this price range? ($500k)

I think the numbers work OK if they have to, but the job situation as you state it gives me pause. The fact that you don't know an estimate of what you could get in the marketplace makes me think that you might have a hard time replacing your current income. Maybe look into this aspect a bit more be...
by Hub
Sat Jun 28, 2014 11:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I afford a house in this price range? ($500k)
Replies: 31
Views: 4661

Re: "Being Done" Saving: White Coat Investor blog post

"Being done" saving for me is a similar future moment as is Financial Independence in my mind. When that day comes I will choose to either retire, start spending like my peers do, or change careers to phase II. My goal is age 40-45 and I intend to go with option 3: quit the day job, start ...
by Hub
Sat Jun 28, 2014 10:51 pm
 
Forum: Investing - Theory, News & General
Topic: "Being Done" Saving: White Coat Investor blog post
Replies: 47
Views: 8096

Re: B Bernstein on Vgd Mid Cap Value vs Large Value Idx

As someone on my first read through of Four Pillars, I very much appreciate this discussion.
by Hub
Sun Jun 22, 2014 3:56 pm
 
Forum: Investing - Theory, News & General
Topic: B Bernstein on Vgd Mid Cap Value vs Large Value Idx
Replies: 25
Views: 3009

Re: does frugality result in lower career ambition?

I think OP's original question is a good one. As a frugal employee, I have certainly been guilty of calling the status of my income and career at a given point in time "good enough" because our finances were in good shape and getting raises is hard. Then I found a new focus to quit the day...
by Hub
Tue Jun 10, 2014 3:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: does frugality result in lower career ambition?
Replies: 113
Views: 8991

Re: Bubble watch: automobile loans

This thread is making me want to look into leveraging up our free and clear vehicles.
by Hub
Tue Jun 10, 2014 3:27 pm
 
Forum: Investing - Theory, News & General
Topic: Bubble watch: automobile loans
Replies: 17
Views: 2006

Re: Bernstein's Four Pillars of Investing for $1.99 on June

Ahhhhh I blew it I blew it. I can't believe I missed out on this, which was supposed to be my next read. For real. This book was already next on my list and I blew it too. I'll have to resort to checking it out from the library and then purchasing if it needs a spot on the bookshelf. Which I imagin...
by Hub
Thu Jun 05, 2014 1:33 pm
 
Forum: Investing - Theory, News & General
Topic: Bernstein's Four Pillars of Investing for $1.99 on June 4th!
Replies: 88
Views: 4935

Re: Early Retirement Extreme book by Jacob Lund Fisker

It's an interesting book (odd at times like you mention) and I would recommend it if anyone asked. His thoughts on index investing (or really any type of investing) are not explored much in the book. As IlliniDave mentioned, I think Jacob is just one of those people that believes in dividend chasing...
by Hub
Tue May 06, 2014 11:06 am
 
Forum: Investing - Theory, News & General
Topic: Early Retirement Extreme book by Jacob Lund Fisker
Replies: 20
Views: 4202

Re: Mr. Money Mustache: Hero or Foolish?

My problem with him is that it he feels disingenuous. Ostensibly his "target audience" is someone who is middle class(ish), as his argument boils down to "anyone can retire now, you just need to re-condition yourself, live frugally, and earn money in unusual ways" However, that'...
by Hub
Mon Apr 21, 2014 11:22 pm
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 255
Views: 37791

Re: Mr. Money Mustache: Hero or Foolish?

Most recent MMM post: After reading this blog for a while, you already know what’s good for you, but there is still the odd slip-up. A few hundred disappear here and there for the odd fancypants luxury, or a few thousand on trips or keeping the BMW X5 around because hey, you deserve it, and Mr. Mon...
by Hub
Mon Apr 21, 2014 4:06 pm
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 255
Views: 37791

Re: Hit your #, Still want to work, does your savings % chan

Once I hit the number I intend to start earning less. If that isn't an option then I just loosen my belt a little and keep saving.
by Hub
Sun Apr 20, 2014 1:50 am
 
Forum: Personal Finance (Not Investing)
Topic: Hit your #, Still want to work, does your savings % change?
Replies: 47
Views: 5361

Re: Mr. Money Mustache: Hero or Foolish?

freddie, those people you mention saving only 10-15% are living hyper-consumer lifestyles. MMM doesnt even attempt to relate to the credit card debt crowd that you're viewing as the 2/20 hyper-consumers.
by Hub
Sun Apr 20, 2014 1:43 am
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 255
Views: 37791

Re: New E-book for Millennials

This is great. Thank you for your generosity and contributions.
by Hub
Mon Apr 07, 2014 12:18 pm
 
Forum: Investing - Theory, News & General
Topic: Free "If You Can" Kindle and .pdf eBook
Replies: 54
Views: 12500

Re: Mr. Money Mustache: Hero or Foolish?

I was a Boglehead long before I started reading MMM's blog. Thankfully my financial knowledge foundation was already in place. MMM has inspired me to embrace frugality and focus on whether an expense adds to my family's happiness or not. Our savings rate has increased from about 30% of gross to over...
by Hub
Sun Apr 06, 2014 4:03 pm
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 255
Views: 37791
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