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Re: Investing Help [Changing Jobs 401k]

Yeah...I agree the credit card needs to go. I'll have $40k in my 401k as well as a pension cash out. The 401k is with fidelity and I am thinking it would be best to roll over to a IRA so that I can use that to invest in some vanguard stocks. If I decide to go this route, should I keep the IRA with ...
by M_to_the_G
Thu Jul 31, 2014 7:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing Help [Changing Jobs 401k]
Replies: 14
Views: 507

Re: Do any boggleheads invest in individual companies?

Nope, not a single one. And my portfolio is 80/20. 8-)
by M_to_the_G
Thu Jul 31, 2014 6:48 pm
 
Forum: Investing - Theory, News & General
Topic: Do any boggleheads invest in individual companies?
Replies: 95
Views: 5392

Re: Investing Help

Whoa... yeah. I'd take that 10k and pay off that credit card debt immediately (as in today).
by M_to_the_G
Thu Jul 31, 2014 2:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing Help [Changing Jobs 401k]
Replies: 14
Views: 507

Re: International investing. A good call by our mentor.

Mr. Bogle made a very good argument 15 years ago, and if you read that chapter in Common Sense, you will understand why. I believe he feels the same way today and has not changed his tune. Accordingly, I have allocated 20% of my portfolio to international stocks, and I ignore Vanguard's current advi...
by M_to_the_G
Thu Jul 31, 2014 2:17 pm
 
Forum: Investing - Theory, News & General
Topic: International investing. A good call by our mentor.
Replies: 52
Views: 4292

Dave Ramsey still defending 12% and still angry at "nerds"

http://www.youtube.com/watch?v=mHkXjEOQ7aU&list=UU7eBNeDW1GQf2NJQ6G6gAxw Dave Ramsey apparently still gets very angry when questioned about his “12%” assertions, even in mid-2014. For one, he’s wrong, so I don’t see why he is sticking to his guns about 12%. I realize that the subject of Dave Ram...
by M_to_the_G
Thu Jul 31, 2014 2:04 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey still defending 12% and still angry at "nerds"
Replies: 52
Views: 6099

Re: Grad school decision - Help requested

A Master's degree in "Critical Theory and Creative Research" of Art for $47,000? I'll teach you the same thing for only $10,000. We'll do it by correspondence, so you'll be free to do other stuff with 90% of your time. Full disclosure: I am not an accredited institution of higher learning,...
by M_to_the_G
Thu Jul 31, 2014 11:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Grad school decision - Help requested
Replies: 25
Views: 2217

Re: Investing Help

Can you edit your above post, per these guidelines (viewtopic.php?f=1&t=6212)? That will help in answering any questions you have.
by M_to_the_G
Thu Jul 31, 2014 9:50 am
 
Forum: Investing - Help with Personal Investments
Topic: Investing Help [Changing Jobs 401k]
Replies: 14
Views: 507

Re: Where to put money after maxing out 401k

definitely a Roth (or conversion) at first. You have high income, and since you are saving a lot (congrats for living below your means!), taxable is the next step. Just open an account at Vanguard or Fidelity and buy those great low-cost index options. But before you can do that (and frankly before ...
by M_to_the_G
Wed Jul 30, 2014 1:51 am
 
Forum: Investing - Help with Personal Investments
Topic: Where to put money after maxing out 401k
Replies: 7
Views: 878

Backdoor Roth question

So I had a conversation with a fellow Fed the other day, in which I outlined to him my plan to contribute $5,500 to a Traditional IRA next year if my income is over the limit (I am mid-level and he is senior-level, and we are both in Baghdad and thus making war zone pay, so that is a risk), and then...
by M_to_the_G
Tue Jul 29, 2014 8:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth question
Replies: 4
Views: 393

Re: CSRS and SS, check my logic

The prettiest-sitting Feds are those who joined pre-1983, did not take the bait when the government offered them the "fabulous" option of switching to FERS, AND maxed out their TSPs (without match). I know a few... sittin' very pretty. :) Alas, I joined in 2008...
by M_to_the_G
Tue Jul 29, 2014 7:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: CSRS and SS, check my logic
Replies: 26
Views: 1450

Re: Goodbye and Good Luck!

banned three times... wha? huh? stayed too long trying to pay it forward? refocus energies on something other then personal finance?

I don't get it...
by M_to_the_G
Tue Jul 29, 2014 7:36 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Goodbye and Good Luck!
Replies: 12
Views: 2397

Re: Old people and financial advisors - a family tale

For those advising that I do a little more digging into this advisor and the details of what he’s done with my great uncle’s money, etc., I want you to understand what happened and what information I have to work with. For one, the “review” of his account happened in a flash, and I wasn’t expecting ...
by M_to_the_G
Mon Jul 28, 2014 5:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Old people and financial advisors - a family tale
Replies: 75
Views: 5532

Re: help with inherited IRA

My mother left me an inherited Roth IRA when she passed away. It wasn't much, at all, but I decided to leave it in the inherited Roth IRA for all the benefits. I include in in my total portfolio picture and have it invested accordingly. Given how young I am and how small the account is, the RMDs are...
by M_to_the_G
Sun Jul 27, 2014 6:54 am
 
Forum: Investing - Help with Personal Investments
Topic: help with inherited IRA
Replies: 8
Views: 889

Re: Have a million to transfer, thinking of doing 100% stock

I recently read Malkiel and Ellis' book, "The Elements of Investing," in which one of them advises a bond position during the accumulation phase, and the other advises zero bond position. Either way, you'll be fine, OP. Personally, I am 34 and doing an 80/20 portfolio. You'll find many adv...
by M_to_the_G
Sun Jul 27, 2014 6:44 am
 
Forum: Investing - Help with Personal Investments
Topic: Have a million to transfer, thinking of doing 100% stocks
Replies: 38
Views: 3676

Re: How Should I Manage My 401k?

Welcome to Bogleheads. If you're looking for a conventional, default Boglehead portfolio, then this is a good place to start: US Stocks - replicates total US stock market 40% Northern Trust CL S&P 500 Index 10% SSGA Russell Small Cap International Stock - developed and emerging markets 22% Blac...
by M_to_the_G
Sun Jul 27, 2014 6:35 am
 
Forum: Investing - Help with Personal Investments
Topic: How Should I Manage My 401k?
Replies: 7
Views: 705

Re: Old people and financial advisors - a family tale

@M_to_the_G. I'm just curious about something. Does he repeat himself verbatim frequently? Maybe tell the same story several times in exactly the same way in the course of a half hour or so? No, he does not do that. I think some others above got it right: he's just a bit lonely, depressed, and frig...
by M_to_the_G
Sun Jul 27, 2014 5:54 am
 
Forum: Investing - Help with Personal Investments
Topic: Old people and financial advisors - a family tale
Replies: 75
Views: 5532

Re: I have access to a military TSP...worth it?

Do any of you have experience with a TSP account? I am a fed. Right now I am debating how to allocate the $17,500 the IRS permits us to place in tax deferred accounts. Should I max out my IRA and Roth IRA before contributing to my TSP, or should I dedicate more to the TSP? The TSP is the envy of al...
by M_to_the_G
Sun Jul 27, 2014 5:43 am
 
Forum: Investing - Help with Personal Investments
Topic: I have access to a military TSP...worth it?
Replies: 13
Views: 1047

Re: Old people and financial advisors - a family tale

Does Vanguard do house calls or interventions? That would be ideal if I could go with a pro to reassure him that everything would go smoothly, and they could hold his hand and explain how it's in his interest.
by M_to_the_G
Sat Jul 26, 2014 6:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Old people and financial advisors - a family tale
Replies: 75
Views: 5532

Re: Old people and financial advisors - a family tale

Any chance you could have his brother go visit him? If you are referring to my grandfather, he's long gone. My great uncle is the baby of eight kids. The only other living sibling is his older sister in California, who is currently eating cat food and raving about aliens and barricades herself in h...
by M_to_the_G
Sat Jul 26, 2014 6:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Old people and financial advisors - a family tale
Replies: 75
Views: 5532

Re: Old people and financial advisors - a family tale

livesoft, I wish I could do something about it, but what can I do? As I mentioned, I think my great uncle might distrust me more than he distrusts the advisor. So that's what I'm working with. And I only got a quick look at his paperwork; I can't prove anything, and I'm not sure he'd even let me see...
by M_to_the_G
Sat Jul 26, 2014 6:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Old people and financial advisors - a family tale
Replies: 75
Views: 5532

Re: Old people and financial advisors - a family tale

I never thought to offer my great uncle a book. I don't think he's done much reading in his life, and I'm not sure he would now. Him and my great aunt were two working class high school graduates who never made much money (he was a boiler repairman and she was a secretary), but they worked very hard...
by M_to_the_G
Sat Jul 26, 2014 4:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Old people and financial advisors - a family tale
Replies: 75
Views: 5532

Re: Old people and financial advisors - a family tale

I doubt the conversation will come up again. I stayed with him for two more days after that conversation, and his attitude toward me shifted somewhat. I'm pretty sure he regretted telling me about his finances. And now... I know everything, and I don't think that sits well with him (even though it w...
by M_to_the_G
Sat Jul 26, 2014 4:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Old people and financial advisors - a family tale
Replies: 75
Views: 5532

Re: Old people and financial advisors - a family tale

Has he had any mental function evaluation lately? And like it or not, he can be a crotchety old cuss if he wants and you can't really do anything about it. No, he has not. He would refuse something like that. In fact, he has even begun ignoring his doctor's orders and is not taking his medicines re...
by M_to_the_G
Sat Jul 26, 2014 2:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Old people and financial advisors - a family tale
Replies: 75
Views: 5532

Old people and financial advisors - a family tale

My great uncle (my grandfather's brother) is 81 and a codgerly, mistrustful old bear. He tells no one about his personal finances and always insists that he is near-broke and about to lose his home. He does this because he thinks we are all trying to get his money (well, in the case of at least one ...
by M_to_the_G
Sat Jul 26, 2014 1:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Old people and financial advisors - a family tale
Replies: 75
Views: 5532

Re: New AA

Contributed $10,000 to my taxable:
$7,000 VTIAX
$3,000 VTSAX

Updated (but not rebalanced) today.
by M_to_the_G
Sat Jul 26, 2014 12:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: New AA [Asset Allocation]
Replies: 15
Views: 1805

Re: Need a new all in one printer

+1 for brother.
by M_to_the_G
Tue Feb 11, 2014 11:16 pm
 
Forum: Personal Consumer Issues
Topic: Need a new all in one printer
Replies: 49
Views: 2587

Re: 10k to invest

I'd put it in a credit union money market account and use it to start an emergency fund if you don't already have one. While you're in college, cars can break down, etc., etc. If you already have an emergency fund, I'd say use the whole thing to start a Roth IRA: $5,500 for last year and $4,500 for ...
by M_to_the_G
Tue Jan 14, 2014 1:12 am
 
Forum: Investing - Help with Personal Investments
Topic: 10k to invest
Replies: 27
Views: 1905

Re: NYT Article: You can't take it with you ...

Still, I think the story can be easily misconstrued to reaffirm the tendency of Americans to not save enough, armed with "you can't take it with you" and other out-of-context maxims. There aren't a lot of people in this country -- relatively speaking -- who are impulsively hoarding million...
by M_to_the_G
Tue Jan 07, 2014 10:18 pm
 
Forum: Personal Consumer Issues
Topic: NYT Article: You can't take it with you ...
Replies: 22
Views: 3761

Re: NYT Article: You can't take it with you ...

When I graduated from grad school, I was broke. I told myself that if I ever had a fabulous sum of money, say $2,000, I would take half of that and go on a nice vacation to Europe or something. Then when I started working and earned that first $2,000, I "realized" how precarious my situati...
by M_to_the_G
Tue Jan 07, 2014 8:55 pm
 
Forum: Personal Consumer Issues
Topic: NYT Article: You can't take it with you ...
Replies: 22
Views: 3761

Re: Should I be investing in stocks?

Of course you can. What is stopping you? I max out my tax-advantaged space *and* contribute a significant amount to my taxable account at Vanguard. I own tons of stocks in both taxable and tax-advantaged. Are you referring to stock-picking (buying individual stocks)? Most Bogleheads avoid that.
by M_to_the_G
Sat Jan 04, 2014 10:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I be investing in stocks?
Replies: 15
Views: 1423

Re: Non-retirees: Envisioning Retirement

I am 34. I plan to retire at 50, so I have sixteen years to go. I must admit, I have no idea what retirement will look like. I don't know where I'll be or what I'll be doing. I don't know if I'll enjoy having no structure. I don't know if sleeping in every day will get old. Heck, I don't even know i...
by M_to_the_G
Fri Jan 03, 2014 11:48 am
 
Forum: Personal Consumer Issues
Topic: Non-retirees: Envisioning Retirement
Replies: 62
Views: 4623

Re: Have any of you dollar cost averaged in over 5 years

I haven't. I opened my taxable last year and lump-summed $70k. I lump sum my Roth every January 1. When I get $5,000 or so in excess cash in the bank, I lump-sum it.
by M_to_the_G
Fri Jan 03, 2014 11:40 am
 
Forum: Personal Finance (Not Investing)
Topic: Have any of you dollar cost averaged in over 5 years
Replies: 38
Views: 2375

Re: Invest all at once or DCA-one of most asked questions I

So, lump sum if you have the stomach for it? I do. :D
by M_to_the_G
Fri Jan 03, 2014 11:27 am
 
Forum: Investing - Theory, News & General
Topic: Invest all at once or DCA-one of most asked questions I get
Replies: 125
Views: 5578

Re: New AA

Contributed $5,500 to my Roth IRA for 2014:
$4,000 VGSLX
$1,500 VFIAX

Contributed $10,500 to my taxable:
$6,000 VTIAX
$4,500 VTSAX

Updated and rebalanced today.
by M_to_the_G
Fri Jan 03, 2014 6:56 am
 
Forum: Investing - Help with Personal Investments
Topic: New AA [Asset Allocation]
Replies: 15
Views: 1805

Re: Desired portfolio size at retirement?

Almost one-third of people here expect over $5,000,000? Oh... never mind... the question was what they desired. :twisted: Can I change my vote?
by M_to_the_G
Wed Jan 01, 2014 2:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Desired portfolio size at retirement?
Replies: 41
Views: 3483

Re: What are your financial goals for 2014?

to keep on keeping on, and to sock a ton of money into taxable
by M_to_the_G
Tue Dec 31, 2013 1:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: What are your financial goals for 2014?
Replies: 56
Views: 4368

Re: Its Hard Being A Boglehead!!

Hmm... I guess it is a personality thing. I've never had a desire to time the market since I learned the BH way, which isn't even a philosophy or belief, per se... it's just plain logic and common sense. When I was a teenager, I was the one who wouldn't take a dare to walk to the edge of a ledge. I ...
by M_to_the_G
Fri Dec 27, 2013 8:42 am
 
Forum: Investing - Theory, News & General
Topic: Its Hard Being A Boglehead!!
Replies: 62
Views: 4734

Re: Portfolio review please!

Looks simple, elegant, and logical. Cheers! :sharebeer
by M_to_the_G
Wed Dec 18, 2013 6:32 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio review please!
Replies: 3
Views: 421

Re: I'd like to challenge the logic behind a 'disaster fund'

The OP has thought long and hard about this issue, about every possible eventuality under every potential circumstance, and has concluded that he doesn't need an emergency fund. Have you ever seen the movie "Contact?" There's this great scene where Jodie Foster's character is given a cyani...
by M_to_the_G
Wed Dec 04, 2013 11:18 am
 
Forum: Investing - Theory, News & General
Topic: I'd like to challenge the logic behind a 'disaster fund'
Replies: 134
Views: 7231

Re: Is anybody getting out and moving to Cash?

Honestly, I don't think it's that people think they are different or smarter than the market. To the contrary, I think they know better... but lack the maturity and/or the good judgment to do what they know they have to. People exhibit this behavior in every aspect of life. I know very intelligent p...
by M_to_the_G
Sun Dec 01, 2013 2:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is anybody getting out and moving to Cash?
Replies: 47
Views: 5717

Re: Success Stories of Bogleheads

This forum definitely helped me in several ways: 1. When I found BH, I was searching for answers to a problem: I had cash piling up and was conflicted about what to do with it and needed advice. I was dreading the idea of hiring a financial advisor because I wasn't sure if a financial advisor would ...
by M_to_the_G
Sun Dec 01, 2013 1:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Success Stories of Bogleheads
Replies: 62
Views: 6425

Re: Converting to Safety Razors

The more exposed blade and complete manual control (with no pivoting head) mean you are completely reliant on your own technique with the wet razor. That means you can make mistakes that cause irritation, bleeding, or insufficient beard removal. But if done right, you will always get a better shave ...
by M_to_the_G
Thu Nov 28, 2013 1:27 pm
 
Forum: Personal Consumer Issues
Topic: Converting to Safety Razors
Replies: 50
Views: 4035

Re: Newbie 401K investment advise - Target Date or index fun

Good, astute questions from OP. :) And excellent responses! OP, moving forward, your goal should be to max out those tax-advantaged spaces (currently $17,500 in the 401(k) and $5,500 in a Roth IRA). Target date funds will be fine. If you find yourself with money accumulating beyond your maxed-out ta...
by M_to_the_G
Thu Nov 28, 2013 5:35 am
 
Forum: Investing - Help with Personal Investments
Topic: Newbie 401K investment advise - Target Date or index funds
Replies: 12
Views: 1297

Re: should my nephew apply to a top-tier university?

He should absolutely apply to an Ivy League school, and if he gets in, he should go, whatever the cost. People saying it's not worth it may be inordinately influenced by their own attitudes toward such things. The reality is that at Harvard (or any other top-10 school) he will meet the brightest, mo...
by M_to_the_G
Thu Nov 28, 2013 4:22 am
 
Forum: Personal Finance (Not Investing)
Topic: should my nephew apply to a top-tier university?
Replies: 274
Views: 11811

Re: Converting to Safety Razors

You will save a ton of money if you switch to wet shaving. That's if you do not develop a product addiction, which seems to be very common among those new to wet shaving: an uncontrollable urge to buy many different soaps, creams, razors, blades, after shaves, etc. I use a Merkur Futur razor and Ast...
by M_to_the_G
Thu Nov 28, 2013 4:00 am
 
Forum: Personal Consumer Issues
Topic: Converting to Safety Razors
Replies: 50
Views: 4035

Re: Casio G-Shock

I wear a Casio G-Shock and love it. One piece of advice: get a solar-powered, multi-band model (6-band is best). The multi-band models have a radio receiver inside that picks up the short wave signal from one of the 6 designated atomic clocks (1 in USA, 1 in UK, 1 in Germany, 2 in Japan, 1 in China)...
by M_to_the_G
Sun Nov 24, 2013 11:55 am
 
Forum: Personal Consumer Issues
Topic: Casio G-Shock
Replies: 22
Views: 1264

Re: How Much Cash Should Your Portfolio Have?

MnD wrote:I have 1.3% cash across all investment accounts unless TSP G Fund counts as cash. In that case it's 21.8%


Same. I am 10% G and 10% F for a 20% "bond" component.
by M_to_the_G
Sun Nov 17, 2013 8:22 am
 
Forum: Investing - Theory, News & General
Topic: How Much Cash Should Your Portfolio Have?
Replies: 44
Views: 6270

Re: Motley Fool: Jack Bogle Answers Your Questions

Like the poster above, I also took note when Bogle started talking about what retired people counting on SS should do: “Stop looking at the silly stock market every day and look at the cash flow they’ve got.” He repeats his statements of earlier this year that there’s value in looking at the capital...
by M_to_the_G
Sun Nov 17, 2013 6:32 am
 
Forum: Investing - Theory, News & General
Topic: Motley Fool: Jack Bogle Answers Your Questions
Replies: 26
Views: 3827

Re: 100 Percent Equity Asset Allocation

I'm 33, and I'm 80/20. That's still a very aggressive portfolio.
by M_to_the_G
Sat Nov 16, 2013 2:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: 100 Percent Equity Asset Allocation
Replies: 36
Views: 4514

Re: Do Bogleheads have a number?

+1, goodenyou. Kids change everything. My number was to be retired by 50 with 2 million. That changed. Now I am working still and my number is to make sure my heirs are set for their lives, not just mine. I used to think the same way (about the heirs, children in particular) but i realized that edu...
by M_to_the_G
Fri Nov 15, 2013 1:22 am
 
Forum: Investing - Help with Personal Investments
Topic: Do Bogleheads have a number?
Replies: 118
Views: 11437
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