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Re: Obligations to help parents financially?

If your mom and step dad were at all responsible I would say pay it off. Parents are not obligated to pay one penny of their children's tuition. It is great when they can, of course, but this isn't always the case. I'm also with you in that I would want a clearer pictures of their financial situatio...
by JCom
Thu May 08, 2014 11:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Obligations to help parents financially?
Replies: 77
Views: 7108

Re: Men's Leather Belt: Recommendations?

I say splurge and get Allen Edmond shoes and a matching belt. I have both black and brown. I shouldn't have to buy either for a long time and they really pull the suit look together.
by JCom
Thu Oct 31, 2013 11:36 pm
 
Forum: Personal Consumer Issues
Topic: Men's Leather Belt: Recommendations?
Replies: 45
Views: 5000

Re: Cheap & Good Wrinkle-Free/Non-Iron Dress Shirts

Charles Tyrwhitt. When they have a sale you can get their shirts for around $30-35. They're the best shirt under $50 in my opinion.
by JCom
Sat Oct 26, 2013 5:45 pm
 
Forum: Personal Consumer Issues
Topic: Cheap & Good Wrinkle-Free/Non-Iron Dress Shirts
Replies: 40
Views: 9998

Re: re: Suggestions for Las Vegas

I booked the cheapest room Ceasar's Palace had. Then I slipped the person checking us in a $20 and asked if there were any complimentary upgrades available. I was upgraded to a very new room that was about 300 square feet, marble bathroom, jacuzzi, etc. it was the bet $20 I spent in Vegas. It is rig...
by JCom
Fri Sep 13, 2013 12:13 am
 
Forum: Personal Consumer Issues
Topic: re: Suggestions for Las Vegas
Replies: 44
Views: 4225

Re: Do you consider paying to play sports a worthwhile spend

I pay $110 a month for Muay Thai. You can't put a price on fitness, learning, and happiness.
by JCom
Thu Jul 11, 2013 10:16 pm
 
Forum: Personal Consumer Issues
Topic: Do you consider paying to play sports a worthwhile spending?
Replies: 32
Views: 1936

Re: The golden age of retirement - is now??

This article goes against the popular consensus but seems to be true for the people around me. My family always told me that my grandma had a LOT of money saved for retirement. It was a lot to them since no one in my family were good at saving. About a year ago I started helping my grandma with her ...
by JCom
Fri May 03, 2013 6:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: The golden age of retirement - is now??
Replies: 21
Views: 3937

Re: Casual Wardrobe Advice Wanted

There are two brands that I live by: Allen Edmonds (shoes) and Charles Tyrwhitt (shirts). The shoes are expensive but are a bargain for their quality and durability. You can buy some nice button up dress shirts from Charles Tyrwhitt for as little as $35. In my opinion, they are the best bang for you...
by JCom
Tue Apr 23, 2013 3:51 pm
 
Forum: Personal Consumer Issues
Topic: Casual Wardrobe Advice Wanted
Replies: 65
Views: 8737

Re: Student Loan Debt [Pay off loan or invest]

I'm in a similar position. My students loans are at 3% - less after the tax benefit. I have little intention of paying it off early. I max out my Roth and invest in my 401k up until the match. After that, I may throw some money at it. Would you feel better if you had that loan paid off versus having...
by JCom
Thu Mar 28, 2013 6:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Student Loan Debt [Pay off loan or invest]
Replies: 19
Views: 1441

Re: Portfolio Construction - Young with limited 401(k) optio

hoppy08520 wrote:You can create a good portfolio with this, but I have a question first: are there other funds in your 401(k)? What about a small cap or extended market index fund? What about a bond fund?


I listed all funds with an expense ratio under 1%. There are no other index funds included in my options.
by JCom
Thu Mar 14, 2013 3:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Construction - Young with limited 401(k) options
Replies: 6
Views: 298

Re: Portfolio Construction - Young with limited 401(k) optio

Great job starting so young!! What are you're income levels/tax brackets? A traditonal IRA may be deductible for you guys and an option? Do you consider both of your Roths to be your emergency fund? That's not exactly ideal, if that's the case. Those ERs in your 401k are pretty decent. I would stay...
by JCom
Thu Mar 14, 2013 3:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Construction - Young with limited 401(k) options
Replies: 6
Views: 298

Portfolio Construction - Young with limited 401(k) options

Emergency Fund: Roth (two years) Tax Status: Married State of Residence: Iowa Age: 24 Asset Allocation: 90% stock/ 10% bonds Desired International: Approximately 20-25% Current Tax Rate: 15% Current Retirement Assets: His Roth: $17K in Vanguard 2055 Target Date Her Roth: $17K in Vanguard 2055 Target...
by JCom
Thu Mar 14, 2013 12:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Construction - Young with limited 401(k) options
Replies: 6
Views: 298

Re: europe trip

I am also going to Europe this summer. My best travel tip is to rent an apartment. I have done so in Washington DC as well as Colorado. I just booked apartments for London, Paris, and Rome. I know there are many websites like this but these are the two I've had the most luck with: Airbnb.com Homeawa...
by JCom
Tue Mar 12, 2013 11:15 pm
 
Forum: Personal Consumer Issues
Topic: europe trip
Replies: 62
Views: 5733

Re: Can you really refinance student loans at lower rate???

I graduated in 2010. I spent countless hours trying to find someone who would either consolidate my loans or give me a lower rate. Wells Fargo offered me 8.5%. That was higher than what my loans were already at. Sorry but I don't think you have many options on this one.
by JCom
Sat Mar 02, 2013 11:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can you really refinance student loans at lower rate???
Replies: 6
Views: 760

Re: How do things look to you young investors these days?

Two more new things that are impacting the Millenials negatively: 1. Media is more pervasive and distracting than ever before. It's no secret that we have the highest rates of ADD / ADHD ever seen. How can educators possibly expect to compete with new HD gaming/media? Teaching techniques are stagna...
by JCom
Sun Feb 24, 2013 1:20 am
 
Forum: Personal Finance (Not Investing)
Topic: How do things look to you young investors these days?
Replies: 87
Views: 7033

Re: How do things look to you young investors these days?

I often hear a lot of people from the older generations talk about how younger generations are too entitled, too lazy, etc. I think it is human nature to be nostalgic about one's own time and this is often goes hand in hand with thinking younger people just aren't as well rounded as older generation...
by JCom
Sun Feb 24, 2013 1:16 am
 
Forum: Personal Finance (Not Investing)
Topic: How do things look to you young investors these days?
Replies: 87
Views: 7033

Re: Boglehead Concert Goers?

I saw Eminem at the Kansas City Speedway. Only $40 and it was the most captivating performance I've ever seen. Surprisingly, the crowd there was MUCH friendlier than the crowds at rock concerts.
by JCom
Thu Feb 07, 2013 11:12 pm
 
Forum: Personal Consumer Issues
Topic: Boglehead Concert Goers?
Replies: 48
Views: 2112

Re: Buying a tablet...which one?

I'm using my iPad min typing this as well. I think the size is perfect and I've been quite satisfied.
by JCom
Fri Jan 18, 2013 12:18 am
 
Forum: Personal Consumer Issues
Topic: Buying a tablet...which one?
Replies: 42
Views: 2884

Re: Is Preschool worth it? for $5,000?

Studies show that children with preschool have lower drop out rates and better overall outcomes. Studies also show that who your parents are will affect a child's outcome far more than all the other factors. If its a struggle to pay the bills and save at the same time then I would skip it. If I felt...
by JCom
Thu Jan 17, 2013 12:48 am
 
Forum: Personal Finance (Not Investing)
Topic: Is Preschool worth it? for $5,000?
Replies: 50
Views: 4100

Re: PenFed auto loan at 1.49%

This isn't helpful, but...I'm jealous. That's a beautiful car there.

Thanks for buying an electric car early in it's development - hopefully you will help make it cheaper for everyone else!
by JCom
Thu Dec 13, 2012 11:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: PenFed auto loan at 1.49%
Replies: 29
Views: 1774

Re: Should I apply for a Amex Blue Cash Everyday card?

For the Amex Blue Cash, I do not believe Wal-Mart is considered a super market so you do not get the grocery rate. Obviously if you don't shop there then this isn't a problem.
by JCom
Thu Dec 13, 2012 11:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I apply for a Amex Blue Cash Everyday card?
Replies: 14
Views: 2998

Re: First time homebuyer - 20% down vs 3% down

I was in a similar situation last year. I chose the 3% down. Now I have an extra $30,000 of liquidity and it feels nice. Will the $30,000 earn more interest than the PMI costs? It'll be close. Debt can be your friend if you're smart about it. I have a mortgage at 3.5% and student loans at 3.13% and ...
by JCom
Tue Dec 11, 2012 10:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: First time homebuyer - 20% down vs 3% down
Replies: 43
Views: 2469

Re: Vacation to Washington DC

My wife and I stayed in Washington DC (two stops from all the monuments) last year over Thanksgiving. We used the website http://www.airbnb.com to rent an apartment for only $75 with taxes included. It seemed like a steal to me at the time. Obviously you have a family so you'll need a bigger place t...
by JCom
Mon Nov 26, 2012 8:04 pm
 
Forum: Personal Consumer Issues
Topic: Vacation to Washington DC
Replies: 44
Views: 2884

Re: Putting a partnership in an IRA?

Our treasurer does the partnership filings and would really be willing to change whatever we'd like. I thought about the employer match too and thought it may be a problem. In my mind if the company match is filtered through to us and then we pay it out perhaps we could get around that. This is star...
by JCom
Wed Oct 10, 2012 10:46 am
 
Forum: Investing - Theory, News & General
Topic: Putting a partnership in an IRA?
Replies: 3
Views: 196

Putting a partnership in an IRA?

My work has "investment clubs" made up of employees only. The group is about 22 people. All of the money that individuals put in this "club" is after tax. My work then matches 25% (which I pay taxes on in the year of contribution) of whatever I put into this. We only invest in st...
by JCom
Wed Oct 10, 2012 10:14 am
 
Forum: Investing - Theory, News & General
Topic: Putting a partnership in an IRA?
Replies: 3
Views: 196

Re: Chevy Cruze

I bought a Cruze on 1/11/11. I now have just under 20,000 miles on it. I don't have any complaints. I do city & interstate driving and I average 31 mpg's. I do push down the accelerator more than some. I tried to drive it a little easier and use the brakes less and I was averaging 34 mpg's. As ...
by JCom
Wed Sep 26, 2012 11:51 pm
 
Forum: Personal Consumer Issues
Topic: Chevy Cruze
Replies: 57
Views: 3210

Re: Chevy Cruze

I bought a Cruze on 1/11/11. I now have just under 20,000 miles on it. I don't have any complaints. I do city & interstate driving and I average 31 mpg's. I do push down the accelerator more than some. I tried to drive it a little easier and use the brakes less and I was averaging 34 mpg's. As f...
by JCom
Mon Sep 24, 2012 9:57 pm
 
Forum: Personal Consumer Issues
Topic: Chevy Cruze
Replies: 57
Views: 3210

Re: what can i do with an apple tv?

Having a PC hooked up to your tv is absolutely better. We use ours on a tv that doesn't have a computer hooked up to it so we can stream shows that I have downloaded. If you already have a pc hooked up to your tv then I so no reason to even have an Appletv.
by JCom
Tue Aug 14, 2012 11:25 pm
 
Forum: Personal Consumer Issues
Topic: what can i do with an apple tv?
Replies: 9
Views: 1852

Re: Advice Needed: Career Change from Engineering to Finance

First, my background: I'm only two years into my career in accounting. That was my major and I entered into public accounting for two years and within the last few weeks took a job at a private company. My boss was an engineer in his prior life but was simply bored by how repetitive his job was so h...
by JCom
Wed May 30, 2012 10:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advice Needed: Career Change from Engineering to Finance
Replies: 40
Views: 5601

Re: Great work benefits - better than an IRA?

I do not know the distribution rules of the investment club or any other details that I have not already listed - I guess there are many things I still need to ask about. My company does offer a 401k and I participate in it already as the match is better than the investment plan. I have left out the...
by JCom
Thu May 10, 2012 12:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Great work benefits - better than an IRA?
Replies: 9
Views: 644

Re: Great work benefits - better than an IRA?

There are only two restricting rules for the investment club. 1) max contributions of $1,000 a month. 2) you become vested in the employer match after 5 years. The club is a legal entity that sends out a k-1 every year. There are no other restrictions that I know of other than the investment decisio...
by JCom
Thu May 10, 2012 11:00 am
 
Forum: Investing - Help with Personal Investments
Topic: Great work benefits - better than an IRA?
Replies: 9
Views: 644

Great work benefits - better than an IRA?

My work offers a 25% match if I choose to invest in stock - the contribution limit is $1,000 per month. That is $3,000 of free money per year, although I would be paying taxes on it of 15 to 25% Federal. All of this money would be pooled with 19 of my co-workers and we would make our own decisions o...
by JCom
Wed May 09, 2012 11:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Great work benefits - better than an IRA?
Replies: 9
Views: 644

Re: Interest rates are expected to go up in the next two yea

Personally, and the FED agrees, I think interest rates will stay low for at least the next two years.

Once the economy improves and we lower the unemployment rate then I would start worry about raising rates.
by JCom
Sun May 06, 2012 10:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Interest rates are expected to go up in the next two years?
Replies: 18
Views: 1779

Re: Interest rates are expected to go up in the next two yea

Personally, and the FED agrees, I think interest rates will stay low for at least the next two years.

Once the economy improves and we lower the unemployment rate then I would start worry about raising rates.
by JCom
Sun May 06, 2012 10:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Interest rates are expected to go up in the next two years?
Replies: 18
Views: 1779

Re: Help! Should I put 20% down on a house?

It is at 4% (less if itemizing) - inflation has been around 3% or so these past few years and there are many indicators that it will stay around there for the next few years. If inflation goes up, that's great for you. In America, we rarely see deflation. If you are disciplined, I wouldn't put anyth...
by JCom
Sun Apr 22, 2012 11:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help! Should I put 20% down on a house?
Replies: 24
Views: 2355

Re: buying a smartphone

As far as carrier, I've mainly been with Verizon. For a phone, in short, go with the iphone. My first smart phone was a regular Droid which I loved...at first. After installing just a few programs I started noticing some slow downs and freezing up. I then had issues with apps conflicting with each o...
by JCom
Thu Apr 12, 2012 10:31 pm
 
Forum: Personal Consumer Issues
Topic: buying a smartphone
Replies: 38
Views: 2546

Re: Am I saving enough? Missing anything?

Your wife's annuity aside, it seems you are very overweight paying taxes now vs in retirement (401k vs Roth split). Does this reflect your expectations of a higher effective tax rate when you retire vs your current effective tax rate? I hardly gave much thought to whether I should do Roth vs. tradi...
by JCom
Fri Mar 30, 2012 10:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Am I saving enough? Missing anything?
Replies: 10
Views: 1323

Am I saving enough? Missing anything?

I am married and my wife and I are nearly 24 years old. We do not plan to have kids until 30. I’m in public accounting and she’s a teacher. I’m fairly conservative in that I would like to be able to retire comfortably and live my life without having to worry about money – if at all possible. So my q...
by JCom
Fri Mar 30, 2012 1:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Am I saving enough? Missing anything?
Replies: 10
Views: 1323

Re: Single Most Valuable Thing

For me, it was that I should be saving much more than the average American.

When I compare my savings rate to most everyone I know - well - it's typically much higher.

When I compare it to the people on this forum it is on par if not lower.
by JCom
Sat Mar 24, 2012 11:48 am
 
Forum: Investing - Theory, News & General
Topic: Single Most Valuable Thing
Replies: 50
Views: 2610

Re: Is having the same CFP and CPA only a good concept on pa

I work for a CPA firm that is partnered with an investment company. We have many CPA/CFP's as our parterns. I advise two things. 1) Have two different people to fill theses roles. 2) If you like your CPA and he/she is knowledgeable about financial planning, use his/her financial planning services bu...
by JCom
Thu Mar 22, 2012 10:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is having the same CFP and CPA only a good concept on paper?
Replies: 10
Views: 850

Re: The crop of small sedans: Cruze, Focus, Elantra, 3...

I bought a Chevy Cruze in January of last year. I chose leather but did not opt for the sport package. The car has been exactly as I expected it would be. No frills, it's a $20K car which gets good gas mileage and presents (in my opinion) a good look. I averaged 32.5 mpg when I was driving the car t...
by JCom
Mon Mar 19, 2012 10:24 pm
 
Forum: Personal Consumer Issues
Topic: The crop of small sedans: Cruze, Focus, Elantra, 3...
Replies: 82
Views: 5379

You can receive a gift of $26,000 from them without filing any paper work. Be sure the check written to you has both of their names on it (joint checking). The remaining $74,000 you will have to file to receive. No tax will be paid on any of this amount as long as they do not go over the gifting lif...
by JCom
Sat Sep 24, 2011 12:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Best/Fastest method of gifting $100K
Replies: 28
Views: 2439

What are the first positionhs that companies cut? Internships and entry level positions - both of which college students and graduates would be going for. I graduated in 2010 and know many, many smart people who took a less than desirable job that took longer to get than it would have pre-recession....
by JCom
Fri Sep 02, 2011 10:43 am
 
Forum: Personal Consumer Issues
Topic: College grads waiting out the job market
Replies: 69
Views: 7563

SUT, You speak of mortality rates as if the people who will buy this insurance are going to be living much longer than generations before. This is generally not the case. Infant mortality rates have improved dramatically which accounts for a significant portion of people "living longer". T...
by JCom
Thu Sep 01, 2011 11:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: considering Mass Mutual whole life policy
Replies: 44
Views: 9046

I can share from personal experience and through conversations with business owners and managers that companies are not hiring because of political uncertainty, period. They (we) are very concerned about the regulatory burden, potential tax increases, and anti-business environment in general. I kno...
by JCom
Sat Aug 06, 2011 3:53 pm
 
Forum: Investing - Theory, News & General
Topic: Employment elephant in the room
Replies: 92
Views: 5732

Basically, you need less fat and more muscle.

Get your body fat percentage below 8 - otherwise you won't see the underlying muscle.

Do a variety of ab work outs to bulk up and give the muscle more chance to show through.

Easy on paper, hard in practice.
by JCom
Mon Jul 18, 2011 9:41 pm
 
Forum: Personal Consumer Issues
Topic: Better Abs
Replies: 51
Views: 4121

Some unions can be overly selfish and unruly - it's true. Just like some companies can be.

With the declining middle class, I believe that unions are one of the few things still protecting the middle class.

Nothing is black and white, sadly.
by JCom
Sun Jul 17, 2011 12:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Apropos our discussion about union benefits yesterday
Replies: 3
Views: 440

Looking for circumstances that could greatly improve the market? That's easy. One invention could change the world. What if energy suddenly (over 10 years or so) became extremely cheap? This could be via very efficient solar panels, wind farms, etc. The average household would then have more disposa...
by JCom
Sun Jul 17, 2011 12:37 pm
 
Forum: Investing - Theory, News & General
Topic: Why will the stock market go up in the future?
Replies: 60
Views: 6533

In my opinion, you've got to seize the opportunity to have a child while you still can and you're "young" enough. Your money situation is certainly workable. I have a coworker in a situation similar to yours. They figured out finances for the child but never considered health insurance. Ho...
by JCom
Thu Jul 07, 2011 10:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need some advice .... investing vs family
Replies: 40
Views: 3991

Looks like allsop is a follower of Paul Krugman's blog as well...

The only thing that has surprised me so far is the fact that a deal has yet to be reached on raising the debt ceiling.
by JCom
Thu Jul 07, 2011 8:25 am
 
Forum: Investing - Theory, News & General
Topic: what surprised you during the first half of 2011?
Replies: 20
Views: 2038

Stan1, I'm not speaking about the people under you directly as I do not know them, however in general I do get a sense that the older generations always accuse the younger of not being as good as the generations before, as talented or something to that degree. OP do not be fooled. Even if you make t...
by JCom
Fri Jul 01, 2011 8:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Thinking of switching careers into accounting: thoughts?
Replies: 21
Views: 2499
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