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Re: SC international: Swap GWX for VSS?

When SCHC came out we had threads here warning of cap gains distributions on "new" small cap international funds and advising to use VSS instead. Then VSS had two years in a row of cap gains. I don't think you predict future cap gains based on past history for an index fund. Were it not fo...
by MnD
Sun Apr 12, 2015 10:40 am
 
Forum: Investing - Theory, News & General
Topic: SC international: Swap GWX for VSS?
Replies: 5
Views: 727

Re: WSJ: You may need less than 80% in retirement

We'll be retiring on 63% of current income and have 36% more to spend.
by MnD
Sat Apr 11, 2015 7:41 pm
 
Forum: Investing - Theory, News & General
Topic: WSJ: You may need less than 80% in retirement
Replies: 98
Views: 8852

Re: Would you use your neighbor's son for yard service?

I had 5 neighborhood lawns age 12-15, did a very good job and made great money. I hated doing "stoop" work - one dentist neighbor wanted me to take out all the wood chips in his beds, sieve and shop-vac them to get rid of leaves, twigs and dirt and put them back every year. I think I laste...
by MnD
Sat Apr 11, 2015 6:54 pm
 
Forum: Personal Consumer Issues
Topic: Would you use your neighbor's son for yard service?
Replies: 33
Views: 2139

Re: Vanguard: One Third of 401k Participants Not Maxing Mat

I'm OK with this. If everybody built wealth the way Bogleheads did, I imagine the costs for the sorts of things we enjoy would skyrocket. I'm kind of amazed how relatively inexpensive some really great things and experiences are, and how people of similar income but without wealth just aren't in the...
by MnD
Fri Apr 10, 2015 10:16 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard: One Third of 401k Participants Not Maxing Match
Replies: 13
Views: 1556

Re: Cost of College & Weighing the Merits of Top Schools

There is a strong confirmation bias about the value of selective school education. Those who or whose children have succeeded in general university environment believe that Harvard/Princeton/Yale/Stanford are overpriced. Those who or whose children flourished after receiving HYPS education would no...
by MnD
Wed Apr 08, 2015 2:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 16435

Re: Cost of College & Weighing the Merits of Top Schools

Top public high school in district, 3.95 unweighted GPA, perfect ACT, near perfect SAT, 31 IB/AP credits, strong extracurriculars. My cost - $1.5K maybe for for IB/AP classes/exams??? Best in-state engineering school, 3.97GPA, honors degree physics, two minors, 2316 hours of paid internships, $33K e...
by MnD
Wed Apr 08, 2015 12:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 16435

Re: Paying for childrens' college

2) My niece is a National Merit Semi-finalist. She was top 16,000 out of 1.5 millions. She accepted a full-ride scholarship to study International Business at Arizona State. For her second year, she was an exchange student study at Spain. Third year, France. Forth year, Beijing, China. Fifth year, ...
by MnD
Tue Apr 07, 2015 4:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying for childrens' college
Replies: 121
Views: 7849

Re: Nailed it! $223,199/yr: magic# for making it in SF Bay A

$44K cost of living for everything excluding only direct housing, education and taxes on $223K gross?
My wife would not be happy with that number! :mrgreen:
by MnD
Tue Apr 07, 2015 4:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Nailed it! $223,199/yr: magic# for making it in SF Bay Area
Replies: 117
Views: 10889

Re: Paying for childrens' college

I still don't get why so many against taking out loans for the kids. We know we still have time to save. However, if they want to study out of state or private school, we will need to borrow money. We believe we must give our children a leg up. We want them to focus on learning without worry about ...
by MnD
Tue Apr 07, 2015 2:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying for childrens' college
Replies: 121
Views: 7849

Re: Paying for childrens' college

For our oldest (a top student) we recently finished paying paid $72K for her four years undergrad at the most selective State U which reflected 4 years of "away at school" experience (tuition, fees, room and board).This $72K reflected a $24K discount for a merit scholarship. Summer and par...
by MnD
Tue Apr 07, 2015 2:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying for childrens' college
Replies: 121
Views: 7849

Re: Why Isn't Pension Distribution Taxable? (1099-R, Code G)

Reporting it correctly means you will not have to worry about the corrected 1099R arriving in the mail some time in the next several months. You will already have dealt with it. That would be nice but I disagree 100% that doing so now will put this issue to bed. Even if the recipient believes they ...
by MnD
Tue Apr 07, 2015 1:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why Isn't Pension Distribution Taxable? (1099-R, Code G)`
Replies: 37
Views: 4496

Re: Advantages? - Child's own Form 1040 v. filing Form 8615

A should be getting at least summer jobs which, along with unearned income will have them filing 1040's for a number of years prior to true financial emancipation.
by MnD
Tue Apr 07, 2015 1:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advantages? - Child's own Form 1040 v. filing Form 8814
Replies: 3
Views: 239

Re: Did your early investments shape you?

Started investing in mid-1986 with two monthly checks mailed in 25% to a Vanguard MM fund, 75% Strong Total Return Fund, both directly to the two different fund companies. October 1987 crash hit and it was difficult to move funds between families back then, but I sent in 100% of my checks to the Tot...
by MnD
Mon Apr 06, 2015 9:47 pm
 
Forum: Investing - Theory, News & General
Topic: Did your early investments shape you?
Replies: 7
Views: 1152

Re: How do you invest your taxable account?

50% emerging markets (VWO), 35% small cap international (VSS) and 15% individual stocks.
I don't have any emerging markets or small cap international options in my 401-K.
by MnD
Sun Mar 22, 2015 9:04 am
 
Forum: Investing - Theory, News & General
Topic: How do you invest your taxable account?
Replies: 69
Views: 7498

Re: The one area I disagree with Jack

My spouse and I will each have a defined benefit, indexed pension, along with Social Security. Together, those streams of income plus a paid-off house will take care of our needs and most of our wants. That leaves me willing to shoulder more risk with equities; we are at roughly 80:20 allocation de...
by MnD
Sun Mar 22, 2015 8:36 am
 
Forum: Investing - Theory, News & General
Topic: The one area I disagree with Jack
Replies: 93
Views: 7428

Re: What are some common misconceptions found in this forum?

Saving more and working longer to accommodate ultra-low SWR's for bearish scenarios worse than ever observed in the past is a prudent move.
by MnD
Sat Mar 14, 2015 1:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: What are some common misconceptions found in this forum?
Replies: 209
Views: 17732

Re: Bernstein: 2% investment returns over next 20 years

If I believed in these 2% numbers, I'd take all my funds out of the market and invest in something else - probably an express-type car wash that our neighborhood needs desperately. Likewise with believing in the doom and gloom predictive capabilities of CAPE. There are always unexpected positives to...
by MnD
Sat Mar 14, 2015 1:09 pm
 
Forum: Investing - Theory, News & General
Topic: Bernstein: 2% investment returns over next 20 years
Replies: 216
Views: 23198

Re: Bernstein: 2% investment returns over next 20 years

Great news for the richest person in the graveyard crowd.
Maybe cut that back to 1% - to be safe......
by MnD
Fri Mar 13, 2015 10:17 pm
 
Forum: Investing - Theory, News & General
Topic: Bernstein: 2% investment returns over next 20 years
Replies: 216
Views: 23198

Re: Why Isn't Pension Distribution Taxable? (1099-R, Code G)

A whopping $700 distribution from 35 years ago and you have no recollection of the specifics and it's a favorable situation given what the employer reported. Gee - that's a tough one. Many of the responses in this thread are just bizarre. Do people have nothing better to do than spend hours trying t...
by MnD
Fri Mar 13, 2015 9:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why Isn't Pension Distribution Taxable? (1099-R, Code G)`
Replies: 37
Views: 4496

Re: When you put some credit cards in a drawer and not use t

I close cards I don't want/use anymore. The long-term cards do not disappear from your credit report, they just stop accruing more years. I've never seen any meaningful impact on our credit score from closing unused/unwanted cards. Our one "drawer card" gives us free checked bags, priority...
by MnD
Sun Mar 08, 2015 10:03 am
 
Forum: Personal Finance (Not Investing)
Topic: When you put some credit cards in a drawer and not use them
Replies: 17
Views: 1937

Re: interest rate increase looming. what you gonna do ?

TSP G fund paired with Dodge and Cox bond funds ride pretty smooth in rising rate environments...... 8-)
by MnD
Sat Mar 07, 2015 3:36 pm
 
Forum: Investing - Theory, News & General
Topic: interest rate increase looming. what you gonna do ?
Replies: 65
Views: 6339

Re: Poll: Increasing international equities

Market cap weighting since 2000 at least and no change planned. Glad to see the herd finally coming my way. :beer
by MnD
Wed Mar 04, 2015 8:35 am
 
Forum: Investing - Theory, News & General
Topic: Poll: Increasing international equities
Replies: 58
Views: 3946

Re: Taxation of NSF REU undergraduate research stipend

Just following the Turbotax path for any 1099-MISC box 3 income reports ends up at Schedule C income. Much more favorable for her overall (some taxed at 0%, some at 10%) versus my marginal rate. She pays SE tax, but does gain social security credits and gets the SE tax deduction. A student with a 10...
by MnD
Wed Mar 04, 2015 12:33 am
 
Forum: Personal Finance (Not Investing)
Topic: Taxation of NSF REU undergraduate research stipend
Replies: 12
Views: 1249

Re: new car battery

Costco now sells Interstate batteries for $77. Many are cold cranking 850 amps which is a $125 battery anywhere else. The warranty through Costco is 42 months full replacement with no pro-rating after that. I have only one experience with Interstate, a used car I bought for the kids had an interstat...
by MnD
Tue Mar 03, 2015 12:12 am
 
Forum: Personal Finance (Not Investing)
Topic: new car battery
Replies: 45
Views: 2911

Re: Taxation of NSF REU undergraduate research stipend

itstoomuch wrote:If I remember, no 1099, W2, or other wage income statement will be issued for a stipend. Treat the stipend as such.
[no one wants to count a stipend as income]


They issued her a 1099-MISC with $5525 in Box 3 (other income).
by MnD
Mon Mar 02, 2015 9:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taxation of NSF REU undergraduate research stipend
Replies: 12
Views: 1249

Re: Costco/AmEx relationship ending. New Costco MasterCard?

Costco is known for going the extra mile on the value proposition so I suspect their branded Citi-Visa will have something that goes a bit beyond the usual Visa rewards cards. For me the no-fee Costco Amex that provided 4% back on gasoline, including Costco gas (which was usually the lowest price ga...
by MnD
Mon Mar 02, 2015 3:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Costco/AmEx relationship ending. New Costco MasterCard?
Replies: 85
Views: 95760

Re: Taxation of NSF REU undergraduate research stipend

That's good to know. 2015 (split between undergrad last semester I paid and 1st semester PhD I don't pay) will be close on 50% support dependent status and hopefully she's paid on a W-2 by the grad school. After 2015 she's 100% self-supported. I cannot believe that income provided to students that r...
by MnD
Mon Mar 02, 2015 12:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taxation of NSF REU undergraduate research stipend
Replies: 12
Views: 1249

Taxation of NSF REU undergraduate research stipend

My daughter and I are working on her taxes. Last summer she was awarded a NSF REU research traineeship and the hosting University provided $5525 in payments to her in three payments over the 10 weeks she conducted research through their University payment system. She used the funds for food, gas, ot...
by MnD
Sun Mar 01, 2015 2:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taxation of NSF REU undergraduate research stipend
Replies: 12
Views: 1249

Re: International increase in Target Retirement & LifeStrate

Is anyone planning on leaving these funds due to this? I'm more likely to consider them now although I'm not a fan of index funds for bonds and I deploy a market neutral approach to US/international equity (currently ~50:50). Good to see them moving away from homeland bias and doing so at a time wh...
by MnD
Sun Mar 01, 2015 9:21 am
 
Forum: Investing - Theory, News & General
Topic: International increase in Target Retirement & LifeStrategy
Replies: 233
Views: 20059

Re: Do you consider mortgage payments as savings?

The principal portion yes.
I consider the portion of our current earned income that is converted to building net worth to be savings, the rest consumption.
Our mortgage payment is 92% principal so it's not an insignificant contributor to net worth gains.
by MnD
Sat Feb 28, 2015 7:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you consider mortgage payments as savings?
Replies: 410
Views: 20898

Re: International PE10 Update

Great charts. Glad I'm market cap on global equity distribution.
I get a kick out of the folks bailing on international now! :mrgreen:
by MnD
Sat Feb 28, 2015 9:58 am
 
Forum: Investing - Theory, News & General
Topic: International PE10 Update
Replies: 28
Views: 2875

Re: Illiquid Assets

I get it. I regret not buying a several hectare piece of land we stumbled across in far North Queensland AU with incredible views overlooking Port Douglas and Coral Sea. It was during the first gulf war and the Japanese economic collapse and whole region was an economic mess. I think the owners want...
by MnD
Fri Feb 27, 2015 8:40 am
 
Forum: Investing - Theory, News & General
Topic: Illiquid Assets
Replies: 46
Views: 4154

Re: What % of your gross income do you spend on mortgage/ren

6% of gross on mortgage.
5.6% of gross on loan principal and 0.4% of gross on interest (at 2.74% interest rate)
by MnD
Sat Feb 21, 2015 10:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: What % of your gross income do you spend on mortgage/rent?
Replies: 155
Views: 9122

Re: Worth Upgrading to LED Lighting?

We replaced virtually everything with LED's using the warm white CREE bulbs for the common bulb types and ones from Costco for the less common types like R20 recessed and globe. Electricity use dropped dramatically (~30%). We use a lot of lighting in a 1950's rambling ranch style 2500SF home and we ...
by MnD
Sun Feb 08, 2015 11:12 am
 
Forum: Personal Consumer Issues
Topic: Worth Upgrading to LED Lighting?
Replies: 45
Views: 3644

Re: The Emergency Fund Revisited

We spent our emergency fund in 1990 on a house down payment and the many things the house needed and never have had one since. We had at the time and still have a taxable investment account that's typically 100% equity and that plus short-term credit has sufficed for the past 25 years. The taxable a...
by MnD
Sat Feb 07, 2015 3:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: The Emergency Fund Revisited
Replies: 20
Views: 1971

Re: Dave Ramsey says you shouldn't own bonds?

He also tells kids who aren't getting any parental support to not to _ever_ take out any student loans but rather defer going to college or try to work full-time to support yourself and simultaneously go to community college. I've heard him tell a middle-income individual not to shop for health insu...
by MnD
Sat Feb 07, 2015 2:52 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey says you shouldn't own bonds?
Replies: 64
Views: 9485

Re: How do you balance frugality and life?

We set a savings amount from each of our paychecks that gets us to where we want to be as far as investment assets required for intermediate term savings goals and an age mid-50's retirement. And spend the rest freely and as foolishly as we please. For our personality types, a life that revolved aro...
by MnD
Tue Feb 03, 2015 10:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: How do you balance frugality and life?
Replies: 50
Views: 5560

Re: 3 must have car safety/'Convenience safety' features

My 2005 Tacoma has none of these and our 2010 Altima has one (multiple side and rear air bags).
So absent a none of the above choice, I selected only the multiple air bag option.
Some of these are on renntal cars now and seem like a nuisance.
by MnD
Tue Feb 03, 2015 8:27 pm
 
Forum: Personal Consumer Issues
Topic: 3 must have car safety/'Convenience safety' features
Replies: 36
Views: 2704

Re: How to report interest under $10 in TurboTax?

This would be item 1001 of the top 1000 things I'd expend time on but if reporting $3 or 1 cent of interest income is a priority, I don't want to discourage anyone. :beer
by MnD
Mon Feb 02, 2015 12:38 am
 
Forum: Personal Finance (Not Investing)
Topic: How to report interest under $10 in TurboTax?
Replies: 12
Views: 1557

Re: Any other investors with 70/30 portfolio?

Roughly 70/30 and plan to hold it for life in a mix of Federal TSP, Vanguard index ETF's and Dodge and Cox Funds. Age 52.5, planned retirement for both of us at age 56. 1 federal pension, one nearly maxed out claim on SS and one above-average claim on SS and will have no debt and no dependents at re...
by MnD
Sat Jan 31, 2015 10:11 am
 
Forum: Investing - Theory, News & General
Topic: Any other investors with 70/30 portfolio?
Replies: 71
Views: 8035

Re: Your Minimum Annual Expenses

Don't know and hope never to find out. 8-)
by MnD
Fri Jan 30, 2015 11:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Your Minimum Annual Expenses
Replies: 37
Views: 3794

Re: What mutual fund companies do you use?

Federal TSP, Vanguard, Dodge and Cox, Fidelity, Schwab, Blackrock, iShares and Wisdom Tree in roughly that order of assets.
Weighted ER under 10 basis points so I don't really worry about it.
by MnD
Tue Jan 27, 2015 10:13 pm
 
Forum: Investing - Theory, News & General
Topic: What mutual fund companies do you use?
Replies: 63
Views: 3372

Re: Salary to Home Value/Mortgage Ratio?

1:1.8 back then
1:1.7 now.
Both our home value and household income have increased about 3.8X in nominal terms over 23 years.

Bought 2500SF and 3/4 acre lot in out late 20's. Now in our early 50's it is, in the words of Jack Bogle - "Enough".
by MnD
Mon Jan 26, 2015 9:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Salary to Home Value/Mortgage Ratio?
Replies: 50
Views: 5565

Re: Half off TurboTax thru Monday

So it seems that the $25 refund offer for Premier will "appear" after filing 2014 if you filed using Deluxe in 2013. I paid $55 at Costco so after the $25 refund that brings Premier cost down to $30 for 2014 ($32.60 when including sales tax and 2% Costco exec member cash back and 1% Costco...
by MnD
Sat Jan 24, 2015 2:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Half off TurboTax thru Monday
Replies: 37
Views: 4475

Re: Do you have an EF & Taxable Account?

100% equity emergency fund in taxable that would cover 3-4 years of bare-bones expenses. Another 3-4 years bare-bones expenses in credit card lines and unsecured bank credit lines. Virtually no cash, I remember a few weeks last year where we had maybe $15 in the bank. 7-figure investment net worth h...
by MnD
Sat Jan 24, 2015 9:41 am
 
Forum: Investing - Theory, News & General
Topic: Do you have an EF & Taxable Account?
Replies: 20
Views: 1576

Re: Bumped out of first class at boarding - compensation?

Did you pay for 1st class tickets or were these seat upgrades due to status? I think your course of action makes a difference depending upon how you were given these seats. Neither. We "purchased" two confirmed one-way first class seats on US Airways (Denver to Maui) using 80,000 United m...
by MnD
Mon Jan 19, 2015 11:10 pm
 
Forum: Personal Consumer Issues
Topic: Bumped out of first class at boarding - compensation?
Replies: 61
Views: 9058

Re: Bumped out of first class at boarding - compensation?

United customer care just added another 10,000 miles and an apology on behalf of their partner airline US Airways at the time. The 80,000 I got earlier this week came from the mileage plus refund department. So I guess categorically at least I got what I asked for. Entire flight for both us us made ...
by MnD
Mon Jan 19, 2015 7:11 pm
 
Forum: Personal Consumer Issues
Topic: Bumped out of first class at boarding - compensation?
Replies: 61
Views: 9058

Re: Dave Ramsey's bad advice at an all time high!

I can't listen to 30 minutes of the show without hearing at least one instance of terrible advice. He recently advised someone needing individual health insurance to go directly to insurance companies and go not go through the ACA exchange because that route was "too much government". I've...
by MnD
Sun Jan 18, 2015 10:29 am
 
Forum: Investing - Help with Personal Investments
Topic: Dave Ramsey's bad advice at an all time high!
Replies: 40
Views: 6500

Re: US/foreign allocation under massive relative US drop

I just look at VT annually and adjust new money to what percentages US, ex-US the portion of that in emerging markets. The old money which is in separate funds for US, ex-US and EM pretty much adjusts all by itself to VT due to differential performance. US/ex-US has recently moved from 45%/55% to 50...
by MnD
Sun Jan 18, 2015 9:31 am
 
Forum: Investing - Theory, News & General
Topic: US/foreign allocation under massive relative US drop
Replies: 21
Views: 1476

Re: Why invest in International funds? It's a mystery

Beware of confirmation bias, seeking information the supports your opinion after it has already been established. There are several posts supporting not investing in international equities because of what the market has recently done (in as little as six months) and hoping the US can't behave like ...
by MnD
Sun Jan 18, 2015 8:49 am
 
Forum: Investing - Theory, News & General
Topic: Why invest in International funds? It's a mystery
Replies: 121
Views: 10870
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