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Re: What's your number?

More.....
by Meaty
Thu Apr 24, 2014 8:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: What's your number?
Replies: 69
Views: 4342

Re: *poor* Bogleheads

I have been a long time lurker and recent poster on this wonderful forum. Finding this site has certainly helped me fix my investment allocations and for that I am very appreciative. However, I have come to the conclusion that perhaps there should be another main forum category for those of us that...
by Meaty
Fri Apr 18, 2014 6:08 am
 
Forum: Forum Issues and Administration
Topic: *poor* Bogleheads
Replies: 78
Views: 5355

Re: what is a secured creditor, are muncipal bonds secured?

No. Secured creditors have a lien filed against collateral
by Meaty
Tue Apr 15, 2014 4:55 pm
 
Forum: Investing - Theory, News & General
Topic: what is a secured creditor, are muncipal bonds secured?
Replies: 2
Views: 203

Re: Playing Defense

What happened to all the people who were "100% equitites"? Where are the 95/5 chest thumpers? To your question OP, fixed income is the answer. Get some yield, take a little less market risk, enjoy. Also, give a gander at http://www.portfolioreviewonline.com/index.php?issue=6&article=4...
by Meaty
Tue Apr 15, 2014 4:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Playing Defense [against possible market correction]
Replies: 36
Views: 2950

Re: BBQ Road Trip

The Pitt in raliegh is unreal. Definitely worth going
by Meaty
Tue Mar 25, 2014 5:03 pm
 
Forum: Personal Consumer Issues
Topic: BBQ Road Trip
Replies: 50
Views: 2946

Re: Roth vs Traditional

Putting it in traditiona is better and then in 25 years converting from traditional to Roth at a 0% tax rate means you paid no taxes going in and no taxes going out. That's a lot better than putting it into a Roth now. Aso, don't spend the tax savings, but put those in taxable account or better yet...
by Meaty
Tue Mar 25, 2014 5:49 am
 
Forum: Investing - Help with Personal Investments
Topic: Roth vs Traditional
Replies: 9
Views: 779

Re: How to help my son with law school loans?

jackpullo997 wrote:Just pay it off. He is already frugal and hard working, so you're not risking spoiling him.
Your money will be taxed at 50% when you die. Pass it along while you can without the 50% haircut.


+1. Pay it from your taxable account
by Meaty
Sun Mar 23, 2014 11:20 am
 
Forum: Personal Finance (Not Investing)
Topic: How to help my son with law school loans?
Replies: 58
Views: 2710

Re: State Farm or Allstate

I have had State Farm for 40 years, they have always given me great service. Recently I checked with USAA and found there rates for my cars with the same coverage with quite a bit cheaper. I called my State Farm agent and she had my policies reevaluated for my cars. They came back with a big reduct...
by Meaty
Sat Mar 22, 2014 6:26 am
 
Forum: Personal Finance (Not Investing)
Topic: State Farm or Allstate
Replies: 26
Views: 1822

Re: foreign sales people calling 5 times daily

If it's a cell phone, I'd recommend blocking the number(s) they are calling from. It's easy, only takes a minute to do, and most companies will block up to 5 numbers for free (nominal charge per blocked number after that)
by Meaty
Fri Mar 21, 2014 5:48 am
 
Forum: Personal Consumer Issues
Topic: foreign sales people calling 5 times daily
Replies: 41
Views: 2654

Re: Seriously! [Why own bonds now]

I know it's blasphemous to even think it, but I agree. I have 30 years to retirement so my 100% stock allocation is only marginally different than vanguards target date fund for my age
by Meaty
Thu Mar 20, 2014 6:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Seriously! [Why own bonds now]
Replies: 35
Views: 5073

Re: Prepayment Penalties and House Loans

It's pretty rare anymore. No Fannie or Freddy loans have them
by Meaty
Wed Mar 19, 2014 7:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Prepayment Penalties and House Loans
Replies: 5
Views: 293

Re: Grandmother's trust is being pillaged, as far as I can t

It gained 30% since 2008? The s&p is up 150+% in that time.....
by Meaty
Wed Mar 19, 2014 5:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Grandmother's trust is being pillaged, as far as I can tell.
Replies: 11
Views: 2497

Re: Boglehead's view on Real Estate investing

Here's my view

It's illiquid
It's not diversified
It requires significant upkeep/carrying costs

I see owning a house as a lifestyle choice rather than an investment
by Meaty
Mon Mar 17, 2014 7:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Boglehead's view on Real Estate investing
Replies: 31
Views: 2650

Re: Can Employer Limit 401K Contribution?

Yes. Google "top hat provision" and "ERISA"
by Meaty
Fri Mar 14, 2014 7:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can Employer Limit 401K Contribution?
Replies: 17
Views: 1576

Re: How old is too old to buy first house?

Not sure age has anything to do with it
by Meaty
Thu Mar 13, 2014 6:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: How old is too old to buy first house?
Replies: 17
Views: 2286

Re: Are 20 somethings handicapped bc of inflation and little

Buried in these kinds of statistics is something that I actually find encouraging -- far more people are living to that retirement age, and are able to spend longer periods of time enjoying their time off. ;) Yes, it's a great thing that people are living longer lives, but there are also negative c...
by Meaty
Wed Mar 12, 2014 5:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Are 20 somethings handicapped bc of inflation and little SS?
Replies: 162
Views: 10284

Re: No, They're Not!

What planet are you from? I don't know anybody with a million dollars net worth, even house value included. I plan to retire long before reaching one million dollars; $1,000,000 is not an attainable number. $1,000,000 is not attainable? Why not? (Or was this a joke?) I'll tell you why not. Because ...
by Meaty
Wed Mar 12, 2014 5:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Are 20 somethings handicapped bc of inflation and little SS?
Replies: 162
Views: 10284

Re: Child Support... what counts?

I'd recommend you ask an attorney licensed in your state
by Meaty
Tue Mar 11, 2014 7:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Child Support... what counts?
Replies: 27
Views: 1436

Re: Stopping Junk Mail

Put a freeze/fraud alert on your credit report. Most companies do a soft hit to see if they should send you "preapproved" offers. It has worked wonders for me
by Meaty
Tue Mar 11, 2014 6:53 pm
 
Forum: Personal Consumer Issues
Topic: Stopping Junk Mail
Replies: 17
Views: 1137

Re: Stay or move is the financial question.

technovelist wrote:If you move to the Bay area for only a $10K pre-tax raise, you will have a much lower standard of living, including enormous taxes, horrible commuting and wildly expensive housing.

I wouldn't do it for less than a 50% raise, if even then.


+1
by Meaty
Tue Mar 11, 2014 5:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Stay or move is the financial question.
Replies: 21
Views: 1567

Re: What do you do if your fun allocation disappears?

I don't have a "fun" portion. I don't find losing money and paying high fees "fun"
by Meaty
Mon Mar 10, 2014 7:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: What do you do if your fun allocation disappears?
Replies: 20
Views: 1355

Re: How did you get through the market crash in 08-09

i viewed it as a buying opportunity. everything was on sale and I bought as much as i could. and, when thinking about what i had that I "lost" in the crash, i thought about having another ~40 years to bounce back... +1. I even sold a car (downsized) so I could invest more. Literally did t...
by Meaty
Mon Mar 10, 2014 5:56 am
 
Forum: Investing - Theory, News & General
Topic: How did you get through the market crash in 08-09
Replies: 104
Views: 5455

Re: Money issues - people take me for granted

[quote="General Disarray"]Sounds like someone has to grow a spine.

+1
by Meaty
Sun Mar 09, 2014 7:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Money issues - people take me for granted
Replies: 74
Views: 4934

Re: Red dot scope

Vortex strikefire
by Meaty
Thu Mar 06, 2014 8:17 pm
 
Forum: Personal Consumer Issues
Topic: Red dot scope
Replies: 11
Views: 829

Re: Will this affect your Tipping?

"You physically have to hit 'no tip' — and feel like a jerk — if you want to be stingy" I usually don't tip for to-go orders that do not involve a server or any significant amount of expo. I've used these tablet thingies while getting take-out from a sandwich shop before. And I've hit &qu...
by Meaty
Wed Mar 05, 2014 5:53 pm
 
Forum: Personal Consumer Issues
Topic: Will this affect your Tipping? [Suggested Tip Amounts]
Replies: 123
Views: 7562

Re: Whats the best way to invest 50k per year?

but how? Every job I ever worked at, nobody has ever bumped me into management so I can climb the ladder. Im not a corporate guy. So my only way of making a higher salary is by investing...real estate, stocks, bonds, etc.... That's your problem...,"no one has bumped me into mgmt.." Try wo...
by Meaty
Sat Mar 01, 2014 4:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Whats the best way to invest 50k per year?
Replies: 57
Views: 2455

Re: Possible erroneous collection letter

That's what I would do
by Meaty
Tue Feb 25, 2014 8:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Possible erroneous collection letter
Replies: 20
Views: 1077

Re: Giving newborn head start on retirement

Why not invest in a taxable account in your name? When you kick the bucket (when your kid will probably be in their 50-60's) your kid gets the account with a stepped-up basis. +100000 Additionally, what if your son marries and divorces, that money you set aside in his name would be marital property...
by Meaty
Tue Feb 25, 2014 7:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Giving newborn head start on retirement
Replies: 23
Views: 2164

Re: What to do with Annual Bonus

Why not start a Roth?
by Meaty
Sun Feb 23, 2014 7:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: What to do with Annual Bonus
Replies: 12
Views: 835

Re: Taking out a mortgage from same bank you have CD at

I don't like debt so I'd pay cash in your situation. Otherwise there are no concerns. The only issue would be if you default on the loan they will likely offset your CD to bring the obligation current
by Meaty
Sun Feb 23, 2014 7:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taking out a mortgage from same bank you have CD at
Replies: 12
Views: 702

Re: Times changing - retirement allocation

I agree with the above but want to reiterate your debt load is significant. I would HIGHLY recommend you aggressively eliminate it
by Meaty
Sun Feb 23, 2014 7:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Times changing - retirement allocation
Replies: 20
Views: 2367

Re: Anybody in a posistion of leadership or management?

I manage, indirectly through other managers and supervisors a very large team. Here's a couple of things to think about 1) I'm assuming you're self motivated. You will need to learn how to get the most out of people who are all motivated by different things. For some it's just a job, how will you mo...
by Meaty
Sat Feb 22, 2014 5:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anybody in a posistion of leadership or management?
Replies: 11
Views: 1779

Re: Carolina Vacation Recommendations

Charleston SC is cool. The outer banks in NC is pretty as well
by Meaty
Fri Feb 21, 2014 9:14 pm
 
Forum: Personal Consumer Issues
Topic: Carolina Vacation Recommendations
Replies: 16
Views: 881

Re: Where do you park cash?

Busting Myths wrote:Reward Checking Accounts:

I have four accounts yielding between 1.76% and 3% with a weighted average yield of 2.20% per year


Where did you find those deals?
by Meaty
Fri Feb 21, 2014 8:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where do you park cash?
Replies: 48
Views: 4993

Re: Leaving a small amount of student debt for child to pay

jackholloway wrote:I see no particular benefit to leaving a small amount of debt for the offspring. It may happen, but I would rather not.

Look at it this way - failing a class can be a good learning experience, but I would not intentionally fail her just for that learning experience.


+1
by Meaty
Fri Feb 21, 2014 8:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Leaving a small amount of student debt for child to pay off?
Replies: 45
Views: 2649

Re: Low Debt/Low Income; Looking to get ahead!

I don't want to rain on your parade... and I will confess that I was probably way too financially oriented in making my own career choices. But to get ahead, I would think making career choices that produce a high income is the very first step... I doubt that needs to involve a Ph.D. in the arts......
by Meaty
Tue Feb 18, 2014 7:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Low Debt/Low Income; Looking to get ahead!
Replies: 17
Views: 1834

Re: Is Inflation Even Possible?

Did that happen in the 70s? Also, don't forget the average american uses debt to finance daily expenses. Hitting a budget constraint really means maxing credit cards and the inability to pyramid debt further (which takes awhile) Last, there is significant inflation now. Look at grocery prices over t...
by Meaty
Sat Feb 15, 2014 8:20 pm
 
Forum: Investing - Theory, News & General
Topic: Is Inflation Even Possible?
Replies: 4
Views: 818

Re: Should I sell my taxable to move it into Roth

Yes.tax advantaged trumps taxable
by Meaty
Sat Feb 15, 2014 10:28 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I sell my taxable to move it into Roth
Replies: 5
Views: 328

Re: Pension Withdraw--What Would You Do?

You won't get a guaranteed 7% anywhere else. If you have enough to live on I'd wait
by Meaty
Tue Feb 11, 2014 9:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pension Withdraw--What Would You Do?
Replies: 11
Views: 1212

Re: I received my federal tax refund this morning

investor1 wrote:I scheduled my payment for April, 15th :)


+1
by Meaty
Mon Feb 10, 2014 7:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: I received my federal tax refund this morning
Replies: 13
Views: 2417

Re: Can I ask my employer to split a bonus?

Cash is king; take it now
by Meaty
Sat Feb 08, 2014 9:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I ask my employer to split a bonus?
Replies: 26
Views: 1538

Re: omg, did I miss the buying opportunity in stocks?

Depends on your timeline. If you still have 30 years, then absolutely not
by Meaty
Sat Feb 08, 2014 12:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: omg, did I miss the buying opportunity in stocks?
Replies: 54
Views: 6422

Re: Rent Out Condo or Sell It

Sell it if you are just hanging on to recover the selling price. Rent if you want a part-time job as a landlord. If you rent, recognize that you will need to put $10,000 into it before you sell it, as it will likely need new carpeting and other work after the renters, or series of renters move out....
by Meaty
Fri Feb 07, 2014 9:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rent Out Condo or Sell It
Replies: 43
Views: 3046

Re: Ally, Amex or PenFed?

I've had good experiences with AMEX. Never used the other two
by Meaty
Thu Feb 06, 2014 7:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Ally, Amex or PenFed?
Replies: 8
Views: 1150

Re: Good time for a 2014 model ?

I think June/July is the best time. Now is definitely not
by Meaty
Sun Jan 26, 2014 8:21 pm
 
Forum: Personal Consumer Issues
Topic: Good time for a 2014 model ?
Replies: 7
Views: 1333

Re: Down payment

Owning is overrated in my view. You could easily rent a house; that'll give you the lifestyle without the inflexibility and debt
by Meaty
Sun Jan 26, 2014 8:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Down payment
Replies: 13
Views: 990

Re: Short Sale Asking Price above Amount Owed

frugaltype wrote:Aren't liens on record at the town or city hall? The title company should check this out, but I don't know if a short sale has a title search contingency. Any sale should, logically, but ...


Right. All liens are public record
by Meaty
Sun Jan 26, 2014 8:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Short Sale Asking Price above Amount Owed
Replies: 10
Views: 1074

Re: Early "retirement" considerations

Wife currently has a stable job earning ~100k/yr and loves the work (i.e. she's not interested in early retirement) Don't build a retirement plan based on this. Why not? My concern would be some unforeseen event like disability, layoff and difficulty finding work, etc. if that happens it may be dif...
by Meaty
Sun Jan 26, 2014 8:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Early "retirement" considerations
Replies: 25
Views: 2276
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