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Re: A good day to be in heavy in Bonds --- 10-7-2014....

Huh? The market was down? Guess that's the beauty of our strategy, I don't care and don't need to
by Meaty
Tue Oct 07, 2014 8:09 pm
 
Forum: Investing - Theory, News & General
Topic: A good day to be in heavy in Bonds --- 10-7-2014....
Replies: 28
Views: 3389

Re: Pension buyout - rollover to roth?

The buyout is $11,500. The monthly benefit (33 years from now) will be $445 per month. These numbers are obviously not huge but I figure 11k invested for the next 30 years will yield a greater purchasing power....$400 in 30 years will probably buy a gallon of milk. :) I'm in the 28% tax bracket toda...
by Meaty
Tue Sep 09, 2014 6:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Pension buyout - rollover to roth?
Replies: 4
Views: 452

Pension buyout - rollover to roth?

My former employer is willing to buyout my pension which I plan to pursue. My question is, can I roll that into a roth without paying an early withdrawal penalty? Obviously I would have to pay income tax but I'd want to avoid the additional 10% tax normally associated with "accessing" reti...
by Meaty
Tue Sep 09, 2014 6:05 am
 
Forum: Investing - Help with Personal Investments
Topic: Pension buyout - rollover to roth?
Replies: 4
Views: 452

Re: which engine and transmission options to choose for Taco

I have the V6 taco. It's a great truck. Gas mileage is decent, does well in slick conditions, and hauls plenty unless you're a contractor or lumber jack
by Meaty
Tue Sep 02, 2014 7:05 pm
 
Forum: Personal Consumer Issues
Topic: which engine and transmission options to choose for Tacoma?
Replies: 44
Views: 2501

Re: Does your employer still offer pensions to new hires?

No. I would be surprised to find many non-government jobs that still offer DB pension plans to new employees. If you find any, they are likely to be in companies that have unionized blue-collar employees. I worked for Megacorp #1 until 2004 and had a DB pension. Around 2000 they switched new employ...
by Meaty
Mon Sep 01, 2014 6:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does your employer still offer pensions to new hires?
Replies: 54
Views: 3922

Re: Does your employer still offer pensions to new hires?

No. I would be surprised to find many non-government jobs that still offer DB pension plans to new employees. If you find any, they are likely to be in companies that have unionized blue-collar employees. I worked for Megacorp #1 until 2004 and had a DB pension. Around 2000 they switched new employ...
by Meaty
Sat Aug 30, 2014 7:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does your employer still offer pensions to new hires?
Replies: 54
Views: 3922

Re: Do you mix inheritance and earned money?

Money is fungible
by Meaty
Fri Aug 29, 2014 5:16 pm
 
Forum: Personal Consumer Issues
Topic: Do you mix inheritance and earned money?
Replies: 25
Views: 2297

Re: BOGLEHEAD CONTEST -- S&P 500 Index at record 2000

Rank 140. 2032 seems like a stretch from here
by Meaty
Thu Aug 28, 2014 7:25 pm
 
Forum: Investing - Theory, News & General
Topic: BOGLEHEAD CONTEST -- S&P 500 Index at record 2000
Replies: 4
Views: 891

Re: Using a Roth IRA instead of a 529

Until you have a fully funded emergency fund I think it's imprudent to save for your niece's college education
by Meaty
Fri Aug 08, 2014 5:39 pm
 
Forum: Investing - Theory, News & General
Topic: Using a Roth IRA instead of a 529
Replies: 3
Views: 294

Re: SUV tires

Thanks for all of the replies. The murano forum proved to be very helpful
by Meaty
Sun Aug 03, 2014 6:54 am
 
Forum: Personal Consumer Issues
Topic: SUV tires
Replies: 17
Views: 1755

Re: SUV tires

Dallas area. We get a bit of it all from a weather perspective
by Meaty
Sat Aug 02, 2014 6:50 pm
 
Forum: Personal Consumer Issues
Topic: SUV tires
Replies: 17
Views: 1755

SUV tires

It's that time again when we need to replace tires on our Nissan murano. Any recommendations on the best all weather tires?
by Meaty
Sat Aug 02, 2014 3:53 pm
 
Forum: Personal Consumer Issues
Topic: SUV tires
Replies: 17
Views: 1755

Re: retirement savings for my young kids?

One thing to consider; if you open accounts in their individual names, they get married and subsequently divorced, the money you saved them will be part of the marital estate and split with their future ex. I know you're only talking about $10k but it might make sense to either set up a trust or ke...
by Meaty
Wed Jul 30, 2014 5:42 am
 
Forum: Investing - Help with Personal Investments
Topic: retirement savings for my young kids?
Replies: 29
Views: 2474

Re: retirement savings for my young kids?

One thing to consider; if you open accounts in their individual names, they get married and subsequently divorced, the money you saved them will be part of the marital estate and split with their future ex. I know you're only talking about $10k but it might make sense to either set up a trust or kee...
by Meaty
Tue Jul 29, 2014 5:37 am
 
Forum: Investing - Help with Personal Investments
Topic: retirement savings for my young kids?
Replies: 29
Views: 2474

Re: Possibility of getting sued - what steps to take

Had you been onboard, you could have screamed "repel boarders" and whacked him with a belaying pin. The guy was obviously a drunk pirate, and should have been arrested as such. Sue him for trespass by piracy, right now. I doubt his homeowner's insurance (assuming he has any) will cover hi...
by Meaty
Mon Jul 28, 2014 6:55 pm
 
Forum: Personal Consumer Issues
Topic: Possibility of getting sued - what steps to take
Replies: 25
Views: 4005

Re: Codebtor Bankruptcy - Defaulted Student Loan

You can keep paying and it's probably in your best interest to do so. Frankly, I'm surprised they haven't filed for co-debtor relief so they can start pursuing you already.
by Meaty
Thu Jul 17, 2014 8:57 am
 
Forum: Personal Finance (Not Investing)
Topic: Codebtor Bankruptcy - Defaulted Student Loan
Replies: 4
Views: 890

Re: Inherited a promissory note--what to do?

Idea. Can the promissory note (and accrued interest) be given to a (viscous, litigious,...) charitable organization (with more resources to collect)... and written off as a charitable contribution on your taxes... thus jumping ahead of any IRS claim on the estate? Does organized crime have recogniz...
by Meaty
Wed Jul 16, 2014 6:29 am
 
Forum: Personal Finance (Not Investing)
Topic: Inherited a promissory note--what to do?
Replies: 22
Views: 2516

Re: I'm cosigner .. Friend thinking of bankruptcy .. Pls hel

Paying off the loan is a bad idea given the trustee can declare it a preferential payment (see 11 USC section 547) which, in effect, takes your payoff away and disperses it to other creditors. This is why its important that the loan is secured by the car. The secured loan would be paid off before a...
by Meaty
Wed Jul 16, 2014 5:54 am
 
Forum: Personal Finance (Not Investing)
Topic: I'm cosigner .. Friend thinking of bankruptcy .. Pls help
Replies: 64
Views: 8038

Re: I'm cosigner .. Friend thinking of bankruptcy .. Pls hel

Paying off the loan is a bad idea given the trustee can declare it a preferential payment (see 11 USC section 547) which, in effect, takes your payoff away and disperses it to other creditors. This is why its important that the loan is secured by the car. The secured loan would be paid off before a...
by Meaty
Tue Jul 15, 2014 8:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: I'm cosigner .. Friend thinking of bankruptcy .. Pls help
Replies: 64
Views: 8038

Re: I'm cosigner .. Friend thinking of bankruptcy .. Pls hel

Paying off the loan is a bad idea given the trustee can declare it a preferential payment (see 11 USC section 547) which, in effect, takes your payoff away and disperses it to other creditors. Regarding the impact on your credit, there are way too many factors in play to say exactly how it will impa...
by Meaty
Tue Jul 15, 2014 6:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: I'm cosigner .. Friend thinking of bankruptcy .. Pls help
Replies: 64
Views: 8038

Re: Budget or create saving buckets?

avenger wrote:Wow. That all seems so complicated - why the need to do such mental accounting? Money is money.


+1. Money is fungible. I've always just used one savings account and added to it for upcoming expenditures like vacations
by Meaty
Wed Jul 02, 2014 5:44 am
 
Forum: Personal Finance (Not Investing)
Topic: Budget or create saving buckets?
Replies: 109
Views: 7879

Re: What To Do With Underwater Rental

I would walk away or short sale, it seems like the best decision, especially if you don't have an emergency fund. This is a money pit , especially with the maintenance. Tell the bank you'll walk if they don't cooperate on the short sale. How about living up to ones obligations? Why not short sell a...
by Meaty
Sun Jun 29, 2014 6:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: What To Do With Underwater Rental
Replies: 33
Views: 2655

Re: How many Bogleheads golf?

To slow paced for me.
by Meaty
Sat Jun 28, 2014 12:49 pm
 
Forum: Personal Consumer Issues
Topic: How many Bogleheads golf?
Replies: 81
Views: 4596

Re: Our 401k Adviser's defense against high 1.5% expense ...

Rupert wrote:Ask him why an ERISA rider for your company's general Directors and Officers liability policy wouldn't protect the company better or as well as his services in the face of a lawsuit.


+1
by Meaty
Thu Jun 26, 2014 5:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Our 401k Adviser's defense against high 1.5% expense ...
Replies: 7
Views: 923

Re: Directv

Drop TV altogether or go with Apple TV
by Meaty
Tue Jun 24, 2014 7:24 pm
 
Forum: Personal Consumer Issues
Topic: Directv
Replies: 36
Views: 2517

Re: How much $$ to change jobs?

What caught me is "high accountability which I do not like". If that's your perspective then you should stay in the gov job.......
by Meaty
Sun Jun 22, 2014 7:58 am
 
Forum: Personal Finance (Not Investing)
Topic: How much $$ to change jobs?
Replies: 52
Views: 4259

Re: How much do you contribute to your HSA?

livesoft wrote:I contribute the max allowed by law. I have never withdrawn any money from my HSA since I started it a few years ago.


+1
by Meaty
Wed Jun 18, 2014 6:05 am
 
Forum: Personal Finance (Not Investing)
Topic: How much do you contribute to your HSA?
Replies: 17
Views: 964

Re: Next steps after 401k/Roth IRA max

If you have a HSA I'd recommend you max that next. It's essentially an IRA that never gets taxed if you spend on medical expenses. From there, I'd recommend a combination of 529 and increasing after tax 401k contributions. Many here will tell you to go all in on the 401k after tax, but in my view yo...
by Meaty
Tue Jun 17, 2014 5:48 am
 
Forum: Investing - Help with Personal Investments
Topic: Next steps after 401k/Roth IRA max
Replies: 7
Views: 859

Re: Are hybrid cars a good idea yet?

We did the math comparing a comparably equipped honda fit and prius c, assuming either is bought new with cash and held for 200,000 miles. With our predominantly city miles (which is where you get the big hybrid advantage) and assuming gas at $3.30/gallon, we expect to come out slightly ahead with ...
by Meaty
Sun Jun 15, 2014 7:13 am
 
Forum: Personal Finance (Not Investing)
Topic: Are hybrid cars a good idea yet?
Replies: 105
Views: 8597

Re: How can this be legal (employers over-riding employee 40

It seems like an excellent move for the majority of individuals for exactly the reason explained in the article. It is true that most individuals have no idea how to choose their investments and would benefit from this type of adjustment. So why not put on a seminar discussing finacial literacy? At...
by Meaty
Sat Jun 14, 2014 6:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: How can this be legal (employers over-riding employee 401k)
Replies: 23
Views: 1795

Re: How can this be legal (employers over-riding employee 40

It seems like an excellent move for the majority of individuals for exactly the reason explained in the article. It is true that most individuals have no idea how to choose their investments and would benefit from this type of adjustment. So why not put on a seminar discussing finacial literacy? At...
by Meaty
Sat Jun 14, 2014 4:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: How can this be legal (employers over-riding employee 401k)
Replies: 23
Views: 1795

Re: What Do You Eat For Snacks?

Grt2bOutdoors wrote:
topper1296 wrote:Homemade protein bars. Whey protein, honey, peanut butter, oats and dark chocolate chips.


Can I have the recipe?


I'd be interested too
by Meaty
Fri Jun 13, 2014 5:24 pm
 
Forum: Personal Consumer Issues
Topic: What Do You Eat For Snacks? [for exercise-induced hunger]
Replies: 129
Views: 9042

Re: Why Are Insurance Stocks So Cheap?

I would argue they aren't "cheap". The market, knowing all available public info about these companies, has set the price. Will insurance company stocks appreciate in the future? No one knows but I don't think current valuations and unknown future events (ie big weather events, bond rates,...
by Meaty
Thu Jun 12, 2014 5:57 am
 
Forum: Investing - Theory, News & General
Topic: Why Are Insurance Stocks So Cheap?
Replies: 18
Views: 1829

Re: Why have more than 70% stocks?

I've been reading Dr Bernstein's Four Pillars of Investing for the last few days, and came across this graphic (which I hope he doesn't mind my reproducing here) demonstrating the relationship between risk and return in a balanced portfolio: http://i57.tinypic.com/2yy6q7l.png This is based on the a...
by Meaty
Mon Jun 09, 2014 6:22 pm
 
Forum: Investing - Theory, News & General
Topic: Why have more than 70% stocks?
Replies: 12
Views: 1508

Re: Play money

Holy cow! Based on the replies I've gotten, I can see that "play money" was a bad choice of words. This money is not part of my portfolio whatsoever. It's just sitting inactive in my military TSP account. However, since it will remain there for at least 20 years, I would like it to grow. ...
by Meaty
Sun Jun 08, 2014 10:41 am
 
Forum: Investing - Help with Personal Investments
Topic: Play money
Replies: 17
Views: 1343

Re: Play money

Let's call this what it is - gambling. And there's nothing wrong with that if you choose to do so and it appears you've chosen a reasonable sum. But if you're choosing to gamble in stocks versus going to a casino then why not pick some long shot penny stock? Using a "growth fund" won't giv...
by Meaty
Fri Jun 06, 2014 5:57 am
 
Forum: Investing - Help with Personal Investments
Topic: Play money
Replies: 17
Views: 1343

Re: Should I keep some money in a local bank?

Just keep in mind most local banks really aren't. They've been bought by larger banks who know many people prefer "local" so they kept the same name. It literally happens overnight; no sign change, no new grand opening, no change to product or services.
by Meaty
Wed May 14, 2014 6:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I keep some money in a local bank?
Replies: 47
Views: 2962

Re: Sep ira and back door roth

Great advice. Thank you both
by Meaty
Fri May 09, 2014 6:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Sep ira and back door roth
Replies: 3
Views: 348

Sep ira and back door roth

Hi and thank you for this great forum. My income puts me in the position of having to do a backdoor roth each year. Up until now my wife has been a W-2 employee with a 401k but will soon be self employed. As a result we plan to open a sep ira for her. If she has a sep ira can I complete a backdoor r...
by Meaty
Fri May 09, 2014 5:54 am
 
Forum: Investing - Help with Personal Investments
Topic: Sep ira and back door roth
Replies: 3
Views: 348

Re: I've done it all wrong!

I agree with the previous post. Before you can clean up your "mess" you first need to put your short term finacial house in order. After you've developed a budget and have your family on board with adhering to it, then you need to find ways to cut it to increase your savings rate I'm going...
by Meaty
Wed Apr 30, 2014 2:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: I've done it all wrong!
Replies: 15
Views: 2639

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: 147
Views: 31809

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: 13387

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: 256

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: 3374

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: 3368

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: 810

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: 2998

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: 2158

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: 3107

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: 5281
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