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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 9:01 am
 
Forum: Investing - Theory, News & General
Topic: Paperback of The Bogleheads' Guide to Investing, 2nd Ed.?
Replies: 34
Views: 3097

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 8:09 am
 
Forum: Investing - Theory, News & General
Topic: look at small value etfs
Replies: 34
Views: 2948

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 2:15 pm
 
Forum: Investing - Theory, News & General
Topic: If interest rates would ever reach double digits again
Replies: 36
Views: 3067

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 11:10 am
 
Forum: Personal Finance (Not Investing)
Topic: Why I can't be a day trader.
Replies: 38
Views: 3068

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 11:06 am
 
Forum: Personal Finance (Not Investing)
Topic: UGMA/UTMA/529 for newborn
Replies: 21
Views: 1084

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 3:57 pm
 
Forum: Investing - Theory, News & General
Topic: What ONE investing book or article for skeptical sibling?
Replies: 30
Views: 2927

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 4:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: How does a commercial banker define liquidity?
Replies: 8
Views: 808

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 9:38 am
 
Forum: Personal Finance (Not Investing)
Topic: How does a commercial banker define liquidity?
Replies: 8
Views: 808

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 2:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you tell your kids how much you make?
Replies: 58
Views: 6114

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 5:45 pm
 
Forum: Investing - Theory, News & General
Topic: Any Bogleheads get involved in private equity?
Replies: 31
Views: 3443

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
Sun Jun 29, 2014 12:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Who do you talk with about your financial goals?
Replies: 158
Views: 9174

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
Sun Jun 29, 2014 12:11 am
 
Forum: Personal Finance (Not Investing)
Topic: Can I afford a house in this price range? ($500k)
Replies: 31
Views: 4477

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 11:51 pm
 
Forum: Investing - Theory, News & General
Topic: "Being Done" Saving: White Coat Investor blog post
Replies: 47
Views: 7828

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 4:56 pm
 
Forum: Investing - Theory, News & General
Topic: B Bernstein on Vgd Mid Cap Value vs Large Value Idx
Replies: 25
Views: 2826

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 4:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: does frugality result in lower career ambition?
Replies: 113
Views: 8539

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 4:27 pm
 
Forum: Investing - Theory, News & General
Topic: Bubble watch: automobile loans
Replies: 17
Views: 1979

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 2:33 pm
 
Forum: Investing - Theory, News & General
Topic: Bernstein's Four Pillars of Investing for $1.99 on June 4th!
Replies: 88
Views: 4794

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 12:06 pm
 
Forum: Investing - Theory, News & General
Topic: Early Retirement Extreme book by Jacob Lund Fisker
Replies: 20
Views: 3843

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
Tue Apr 22, 2014 12:22 am
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 255
Views: 34772

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 5:06 pm
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 255
Views: 34772

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 2:50 am
 
Forum: Personal Finance (Not Investing)
Topic: Hit your #, Still want to work, does your savings % change?
Replies: 47
Views: 5285

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 2:43 am
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 255
Views: 34772

Re: New E-book for Millennials

This is great. Thank you for your generosity and contributions.
by Hub
Mon Apr 07, 2014 1:18 pm
 
Forum: Investing - Theory, News & General
Topic: Free "If You Can" Kindle and .pdf eBook
Replies: 54
Views: 11474

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 5:03 pm
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 255
Views: 34772

Re: POLL: Do you use your HSA funds to pay for medical expen

I'm trying to wrap my head around using the HSA for expenses for someone maxing all tax advantaged space and investing everything else in taxable. Basically, every bill I pay out of pocket pre-pays my federal and FICA taxes while simultaneously preventing me from investing the bill amount in taxable...
by Hub
Sat Mar 29, 2014 1:06 am
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Do you use your HSA funds to pay for medical expenses?
Replies: 78
Views: 4606

Re: Should you discuss your wages with your peers?

I think it would be beneficial for me to know what my 3 closest peer co-workers make. I know their production and relative value to the company and can fully understand reasons for one to be paid more or less than another. This information would help me greatly when negotiating my next raise.
by Hub
Fri Mar 14, 2014 6:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should you discuss your wages with your peers?
Replies: 82
Views: 6919

Re: Should you discuss your wages with your peers?

I think the cultural norm to never discuss such things is of great benefit to the company, and possibly detriment to the individual.

That said I don't talk about it with anyone at work and never have.
by Hub
Fri Mar 14, 2014 2:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should you discuss your wages with your peers?
Replies: 82
Views: 6919

Re: Random Walk Down Wall Street

Thanks for the book review OP. :)

I actually have this one on my 2014 to-do list after noticing a copy on my bookshelf, but I know it will say a bunch of stuff I am already convinced of so it keeps getting bumped for more interesting fare.
by Hub
Fri Mar 14, 2014 2:10 pm
 
Forum: Investing - Theory, News & General
Topic: Random Walk Down Wall Street
Replies: 27
Views: 2424

Re: How did you decide how much to save?

We spend about $60k and save the rest. This would remain true almost no matter what we make (well, $1000/mo in childcare will go away in a few years). The only difference is the date that we are able to quit working the day jobs. 2014 savings rate is over 50%. We arrived at this savings plan when we...
by Hub
Thu Mar 13, 2014 6:26 pm
 
Forum: Investing - Theory, News & General
Topic: How did you decide how much to save?
Replies: 119
Views: 9806

Re: Amazon Prime Increase

If you use the streaming quite a bit (I do -- we don't have Netflix), and/or read a lot and want to do so on some books for "free" (we do), and/or ship gifts frequently (we do, since our family lives scattered across the country, and we seemingly are buying baby gifts or wedding gifts at ...
by Hub
Thu Mar 13, 2014 11:30 am
 
Forum: Personal Consumer Issues
Topic: Amazon Prime Increase
Replies: 185
Views: 9317

Re: Tax-advantaged retirement accounts seem to be enough

Great points Neb. As a fellow 2x401k, 2xRoth family we intend to check out early instead of saving for a luxurious retirement also. For me early is closer to 40 than 60, but that's just because I specifically want to pursue other ventures that will still make some money, but they won't look like a d...
by Hub
Sun Mar 09, 2014 1:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax-advantaged retirement accounts seem to be enough
Replies: 15
Views: 1691

Re: Tax Lot Size

Thanks for the replies. So, now that brokerages track tax lots for you, it seems that the tax lot thing is a non-issue? I'll not be reinvesting dividends for wash sale purposes, but that's the only tax complication I see.
by Hub
Fri Mar 07, 2014 4:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tax Lot Size
Replies: 7
Views: 311

Tax Lot Size

I am in the process of opening my first taxable brokerage account. I intend to be able to tax loss harvest when possible. I will be investing in it when funds are available, but get the impression that buying $300 at the end of the month may be less of a good plan than buying $2500 or $5000 each tim...
by Hub
Fri Mar 07, 2014 3:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tax Lot Size
Replies: 7
Views: 311

Re: ESA/529 vs Taxable in income tax free state

I am bumping this in case anybody on the morning shift has any thoughts on the matter. Thanks.
by Hub
Fri Mar 07, 2014 10:33 am
 
Forum: Investing - Help with Personal Investments
Topic: ESA/529 vs Taxable in income tax free state
Replies: 1
Views: 133

ESA/529 vs Taxable in income tax free state

I'm trying to decide whether to save for my kids' college in an Education Savings Account or just in taxable investments. I live in a no income tax state, and I currently max all tax advantaged space. We're in the 15% federal bracket for 2014 and probably 2015. I intend to quit our jobs and semi-ret...
by Hub
Thu Mar 06, 2014 4:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: ESA/529 vs Taxable in income tax free state
Replies: 1
Views: 133

Re: What to say to Non-Savers

The only way you'll "need" $3-4 million in retirement is if you intend to have a very high level of spending in retirement ($120,000 per year). I would rather work less than spend more, but we all have choices to make. OP is 33. Lets assume he wants to retire at 65. If you believe the gov...
by Hub
Mon Mar 03, 2014 5:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: What to say to Non-Savers
Replies: 71
Views: 5629

Re: What to say to Non-Savers

Do you plan to work forever goodoboy? A primary motivator for me in delaying gratification now is so that I can be free and financially independent as soon as possible. A savings rate of 23% is nice, but 50% would be a lot better. I think you may feel like you're over-saving just in comparison to yo...
by Hub
Mon Mar 03, 2014 4:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: What to say to Non-Savers
Replies: 71
Views: 5629

Re: is Roth and 401k enough to retire on?

I intend for Roth + 401k to be enough to retire early on, though obviously I aspire to build taxable too. Keep in mind that if you retire at 50 and your income goes to zero, then doing conversions from an IRA to a Roth IRA are taxed at that new lower income level with no penalty. You have to wait 5 ...
by Hub
Thu Feb 20, 2014 11:25 am
 
Forum: Investing - Help with Personal Investments
Topic: is Roth and 401k enough to retire on?
Replies: 11
Views: 1728

Re: Disability insurance. Play devil's advocate for me

Just wanted to chime in and agree with the mind bending difficulty of imagining scenarios where you get screwed by the phrasing of those words. I had a policy on my wife, a lawyer, and it said own occ, but after a few years of benefits it switched to any occ or something. NorthWestern Mutual. Ultima...
by Hub
Tue Feb 04, 2014 4:40 am
 
Forum: Personal Finance (Not Investing)
Topic: Disability insurance. Play devil's advocate for me
Replies: 15
Views: 1263

Re: Maxing 401k into the 15% bracket vs taxable

Welp, I came here hoping you guys would let me invest in taxable, left having found an additional $2,025 of tax advantaged. Honestly I feel good about prepaying 15% marginal into a Roth any day of the week. Thanks so much for the help. EDIT: I see what you're saying about the 25%. I'll need to know ...
by Hub
Tue Feb 04, 2014 3:10 am
 
Forum: Investing - Help with Personal Investments
Topic: Maxing 401k into the 15% bracket vs taxable
Replies: 16
Views: 746

Re: Maxing 401k into the 15% bracket vs taxable

Interesting. I'll have to read up on that, but I'm assuming I could contribute the whole $13,500 to the Roth 401k (understanding that this lowers my take-home). I'm also assuming that this doesn't affect her ability to contribute to a Roth IRA? Then when she quits this job I'm further assuming that ...
by Hub
Tue Feb 04, 2014 2:51 am
 
Forum: Investing - Help with Personal Investments
Topic: Maxing 401k into the 15% bracket vs taxable
Replies: 16
Views: 746

Re: Do Bogleheads see this market dip as a buying point?

I just think it's nice for the market to have been so cooperative to have this mini-correction at the end of the month when our automatic payroll investments are hitting.

I intend to push some more 2013 Roth onto the table tomorrow.
by Hub
Tue Feb 04, 2014 2:16 am
 
Forum: Investing - Theory, News & General
Topic: Do Bogleheads see this market dip as a buying point?
Replies: 127
Views: 13839

Re: Maxing 401k into the 15% bracket vs taxable

Yes. My wife's does. Something I haven't considered, and I don't even know how a Roth 401k works exactly. Your thoughts?
by Hub
Tue Feb 04, 2014 2:03 am
 
Forum: Investing - Help with Personal Investments
Topic: Maxing 401k into the 15% bracket vs taxable
Replies: 16
Views: 746

Re: Maxing 401k into the 15% bracket vs taxable

Wouldn't it make more sense to fill up the 15% bracket by converting some tax-advantaged to a Roth rather than backing off and investing an equivalent amount in taxable? My sense is that Roth gives you even more flexibility as you move forward, because it's not too difficult to pull the contributio...
by Hub
Tue Feb 04, 2014 1:43 am
 
Forum: Investing - Help with Personal Investments
Topic: Maxing 401k into the 15% bracket vs taxable
Replies: 16
Views: 746

Re: Maxing 401k into the 15% bracket vs taxable

However, on the flip side, investing in taxable will not only cost you tax $ this year, it will every year moving forward once you start earning dividends and such. I really don't have a good handle on what this ends up looking like. Say I scrape together $40k in taxable investments over the next 3...
by Hub
Tue Feb 04, 2014 1:40 am
 
Forum: Investing - Help with Personal Investments
Topic: Maxing 401k into the 15% bracket vs taxable
Replies: 16
Views: 746

Re: Maxing 401k into the 15% bracket vs taxable

Congrats on the boy! My first thought is that you're investing with a long-term horizon but only envision being in the 15% bracket for 2.5-3 years. It doesn't seem to me that you're going to be able to take advantage for very long, at least from a tax rate perspective. As for the other reasons you ...
by Hub
Tue Feb 04, 2014 1:29 am
 
Forum: Investing - Help with Personal Investments
Topic: Maxing 401k into the 15% bracket vs taxable
Replies: 16
Views: 746

Re: Maxing 401k into the 15% bracket vs taxable

Sounds good. What do you predict your maximum marginal rate to be in retirement? The current plan is to semi-retire as young as possible and fill up the 15% bracket every year with some combination of wages and annual IRA to Roth IRA conversions. The risk there is that my new semi-retirement career...
by Hub
Tue Feb 04, 2014 1:23 am
 
Forum: Investing - Help with Personal Investments
Topic: Maxing 401k into the 15% bracket vs taxable
Replies: 16
Views: 746

Maxing 401k into the 15% bracket vs taxable

For 2014 with another exemption due this summer (it's a boy) on top of this being a bunched deductions year, we're maxing 2 401ks, an HSA, a dependent care FSA, and have one defined contribution plan. This all has us down to $59k in taxable income, $13,500 worth down into the 15% bracket. I'm kickin...
by Hub
Tue Feb 04, 2014 1:12 am
 
Forum: Investing - Help with Personal Investments
Topic: Maxing 401k into the 15% bracket vs taxable
Replies: 16
Views: 746

Re: Max out my Roth 401(k) or open taxable investment?

Perhaps I am missing something but every time I read a post about investing in a Traditional 401(k) as opposed to a Roth 401(k) - or Traditional IRA as opposed to a Roth IRA - everyone seems to dismiss the huge advantage of tax-free compounding growth offered within the Roth accounts. Even if you a...
by Hub
Tue Feb 04, 2014 12:54 am
 
Forum: Investing - Help with Personal Investments
Topic: Max out my Roth 401(k) or open taxable investment?
Replies: 34
Views: 2689

Re: What is your targeted annual retirement income in today'

We spend about $60k annual now. In retirement that same spend would be quite luxurious once many of my current expenses go away. So I run my numbers planning on $60k annual spend in retirement knowing there's room to spend much less, but also that it's likely I'll end up with the ability to safely s...
by Hub
Tue Feb 04, 2014 12:23 am
 
Forum: Investing - Theory, News & General
Topic: What is your targeted annual retirement income in today's $
Replies: 50
Views: 6320
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