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Re: Roth IRA Max Contribution (Married)

It's per individual, hence the name "Individual Retirement Account/Arrangement". If your spouse doesn't have earned income, you can still contribute to her Roth as it is considered a spousal IRA contribution. More details from the IRS here.
by Novine
Sun Mar 01, 2015 12:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Max Contribution (Married)
Replies: 4
Views: 295

Re: Newbie: 3 fund portfolio

"As Our plan has funds with high expense ~ 1%"

Sadly, many of us have similar plans. At 1%, the benefits of investing in a tax-deferred plan generally outweigh the downsides of those expenses. How are you getting 5% return on cash in that account?
by Novine
Sun Mar 01, 2015 12:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Newbie: 3 fund portfolio
Replies: 6
Views: 254

Re: Beginner help Investing 401k

You'll need to provide more information if you want to get any useful advice. That would include what you are currently invested in and any other retirement accounts that you have. See about posting a portfolio question.
by Novine
Sun Feb 22, 2015 12:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Beginner help Investing 401k
Replies: 3
Views: 206

Re: help me speed up my computer

I would try disabling all of your plugins in Mozilla and see if that helps. If your problem was network-related, you would see that behavior consistently across all of the Internet browsers.
by Novine
Sun Feb 22, 2015 12:04 pm
 
Forum: Personal Consumer Issues
Topic: help me speed up my computer
Replies: 67
Views: 3487

Re: 403b investment help

"Novine had suggested the following to match the TR 2050 fund:" This was before we knew you had other accounts. ruralavalon is pointing you in the right direction by suggesting you treat all of your accounts as a single unified portfolio. What is suggested by ruralavalon would be the appro...
by Novine
Fri Feb 20, 2015 11:50 am
 
Forum: Investing - Help with Personal Investments
Topic: 403b investment help
Replies: 16
Views: 1071

Re: Poll: Largest fraudulent charge to your credit card(s)?

We just got hit with around $1,000 in charges recently. That's the first time I've ever had that happen. Oddly, about half of the purchases were returned or cancelled by the online site where the charges were placed before I ever even saw them. The credit card company issued a new card and took care...
by Novine
Fri Feb 20, 2015 11:39 am
 
Forum: Personal Consumer Issues
Topic: Poll: Largest fraudulent charge to your credit card(s)?
Replies: 49
Views: 2369

Re: American Funds departure or stay?

"However, looking at the graphs from a few months ago, it appears as though all the index funds there were selected for me (see below) have fallen quite a bit." Did she tell you that those are index funds? They're not. As far as waiting, are you willing to continue to see your returns erod...
by Novine
Thu Feb 19, 2015 11:29 am
 
Forum: Investing - Help with Personal Investments
Topic: American Funds departure or stay?
Replies: 17
Views: 856

Re: 403b investment help

"I am wondering whether I should convert some/all of my Fidelity Roth to index funds as well. I am not sure if there is really much of a performance difference between my current Fidelity funds and an index fund. I welcome any advice you all can provide." If you're going to chase sectors, ...
by Novine
Wed Feb 18, 2015 12:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: 403b investment help
Replies: 16
Views: 1071

Re: One stock

Why GE? I owned it in my stock picking days and I did OK with it but it doesn't strike me as a stock with high growth potential and its performance over the last few years has lagged some of the others suggested.
by Novine
Mon Feb 16, 2015 11:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: One stock
Replies: 35
Views: 1882

Re: 403b investment help

The difference in ERs is going to be pretty negligible. But if you don't mind tinkering with the account every so often, you can shave off a fraction of a percent by using the index funds. It would look something like: 47% VINIX 16% VIEIX 27% VTSNX 10% VBTIX Based on previous discussions , it's been...
by Novine
Sat Feb 14, 2015 11:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: 403b investment help
Replies: 16
Views: 1071

Re: active vs passive in response to Larry Swedroe posting

" But in the worst storms of bear markets, active management might save you and the long term performance will be somewhat similar anyway so its better to gamble with the active option (even with their higher fees) as long as they have the kind of track record and skill of Tweedy Brown." T...
by Novine
Sat Feb 14, 2015 9:20 pm
 
Forum: Investing - Theory, News & General
Topic: active vs passive in response to Larry Swedroe posting
Replies: 30
Views: 3256

Re: Switch American Funds to Vanguard?

"Where is the original poster. They have only 1 post thus far and have received some excellent advice."

Most people don't expect to get quick responses to what they see as complex financial questions. I wouldn't be surprised if the OP takes a couple of days to check back.
by Novine
Sat Feb 14, 2015 12:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Switch American Funds to Vanguard?
Replies: 24
Views: 1636

Re: Mr. Money Mustache: Hero or Foolish?

White Coat Investor had a good write-up on the income streams from his blog. The take-away - write a book if you really want to make money! I'm sure many authors would find that last comment laughable but in the case of WCI, a book turned out to be an excellent way to expand his audience and monetiz...
by Novine
Sat Feb 14, 2015 9:44 am
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 416
Views: 61752

Re: ingress,egress,easement

The easement may have been granted back in 1997 and never recorded. Did the person/entity who owns the retail center own that property in 1997? That would help explain how they hold that easement. In any case, you should consult an attorney with expertise in this area before trying to acquire that p...
by Novine
Fri Feb 13, 2015 12:33 am
 
Forum: Personal Finance (Not Investing)
Topic: ingress,egress,easement
Replies: 15
Views: 1413

Re: Oil ETF's?

"I'm not very knowledgeable on ETF's and have never actually invested in one, but all this talk about oil prices having hit a bottom had me thinking." I would be thinking that I didn't know enough about the basic to even consider putting money into oil ETFs. Do you have money to burn to le...
by Novine
Wed Feb 11, 2015 10:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Oil ETF's?
Replies: 6
Views: 528

Re: Mr. Money Mustache: Hero or Foolish?

"And working a lot less is not is not shown in the Netherlands or Denmark v the US."

I don't know how you came to this conclusion but the numbers say otherwise.
by Novine
Tue Feb 10, 2015 1:20 pm
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 416
Views: 61752

Re: Mr. Money Mustache: Hero or Foolish?

"If just M3 follows his philosophy his production and consumption drop but public resources he benefits from stay constant. If everyone follows him, even over a long time, the issue is not a rise in the unemployment rate or even everyone being less well supported by their own work (they would h...
by Novine
Mon Feb 09, 2015 11:00 pm
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 416
Views: 61752

Re: Mr. Money Mustache: Hero or Foolish?

He details the 2014 expenses here . I'm sure one could quibble with how he accounts for certain forms of "spending" but it doesn't sound unreasonable. If my wife and I were mortgage and largely car-free, we could easily fall within that spending range and we're not nearly as frugal or DIY-...
by Novine
Mon Feb 09, 2015 11:42 am
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 416
Views: 61752

Re: Mr. Money Mustache: Hero or Foolish?

It's not as if MMM hasn't been covered by any mainstream reporters. But if that's not good enough, you could jump in the MMM Forums and ask if there's been any articles others done on MMM and his family about their spending.
by Novine
Mon Feb 09, 2015 10:52 am
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 416
Views: 61752

Re: Mr. Money Mustache: Hero or Foolish?

I don't remember MMM pitching "get rich like me" seminars for thousands of dollars based on some made up life story so I don't see the connection between what MMM espouses and what you get from the "Rich Dad, Poor Dad"'s of the world. If people don't like or don't agree with MMM,...
by Novine
Mon Feb 09, 2015 12:36 am
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 416
Views: 61752

Re: Investment Planning Help - Newbie

You've got way too much going on in your 401k fund selections. It doesn't make sense to have Target Date funds and Index funds mixed up together like that. If you wanted to really simplify things, you could select the Vanguard Target fund that best matches your wife's L fund (assuming it's the Vangu...
by Novine
Mon Feb 09, 2015 12:28 am
 
Forum: Investing - Help with Personal Investments
Topic: Investment Planning Help - Newbie
Replies: 9
Views: 826

Re: talk me out of it - investing in oil

Why didn't you buy 2 weeks ago?
by Novine
Sun Feb 08, 2015 10:10 pm
 
Forum: Investing - Theory, News & General
Topic: talk me out of it - investing in oil
Replies: 50
Views: 4719

Re: Money into Retirement Accounts or Mortgage Payoff

How long do you plan to be in the house?
by Novine
Sun Feb 08, 2015 9:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Money into Retirement Accounts or Mortgage Payoff
Replies: 10
Views: 1233

Re: Complete and utter newbie wanting direction...

"Does it make sense to pay off what is actually accruing more interest regardless of rate.. ?"

Generally, you should try to pay off your debts with the highest interest rate first.
by Novine
Sun Feb 08, 2015 2:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Complete and utter newbie wanting direction...
Replies: 28
Views: 1864

Re: New Investor Advice

"2. I am generally a risky guy, I want the big returns and won't get stressed by the losses. Based on my risk tolerance, is this the right AA?" Don't take this the wrong way but you're way too young to be making such statements. You were 13 years old the last time the market imploded. Unti...
by Novine
Sat Feb 07, 2015 7:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Investor Advice
Replies: 4
Views: 442

Re: Complete and utter newbie wanting direction...

The good thing is that you have until April 15 to fund your IRA (Traditional or Roth) for 2014. Same for your husband. That would be $5,500 each. It takes some time to get an account opened at Vanguard or Fidelity so don't wait until April 15 to star the process. But it gives you some time to read u...
by Novine
Wed Feb 04, 2015 11:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Complete and utter newbie wanting direction...
Replies: 28
Views: 1864

Re: How to advise 23 year old brother with $50k

Share with him the posts related to the GTAT Bankruptcy - a "can't lose" stock that blew up.
by Novine
Wed Feb 04, 2015 12:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to advise 23 year old brother with $50k
Replies: 13
Views: 1321

Re: question about investing in oil, USO

"I remain convinced that buying oil now equates to buying it "on sale" and still want to find an ETF that comes close to tracking price of crude oil, but definitely haven't found it yet. BTW, I appreciate the recommendation of XOM, but am more interested in the commodity than business...
by Novine
Tue Feb 03, 2015 11:52 am
 
Forum: Investing - Help with Personal Investments
Topic: question about investing in oil, USO
Replies: 15
Views: 1095

Re: Is it ok not to own property?

For most of US history, for most people, a home was never "an investment", it was a place to live.
by Novine
Mon Feb 02, 2015 10:14 am
 
Forum: Personal Finance (Not Investing)
Topic: Is it ok not to own property?
Replies: 24
Views: 3467

Re: Filed your 2014 Federal Taxes yet?

I see that Free Fillable Forms is now open for business which means I can get started on them.
by Novine
Sat Jan 31, 2015 11:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Filed your 2014 Federal Taxes yet?
Replies: 60
Views: 4042

Re: Write-Offs for a Fashion Blogger

Does she otherwise wear the clothes? If so, I seriously doubt it. Read this for their take on trying to take deductions for modeling clothes. Also, on what form is she going to report this income?
by Novine
Sat Jan 31, 2015 11:21 am
 
Forum: Personal Finance (Not Investing)
Topic: Write-Offs for a Fashion Blogger
Replies: 1
Views: 348

Re: Stop 401K To Save More Cash

How did you come up with the $50k amount? The Roth IRA has the benefit of being able to withdraw your contributions so if you feel you need the flexibility, that is a better alternative than to significantly reduce your retirement contributions.
by Novine
Thu Jan 29, 2015 9:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Stop 401K To Save More Cash
Replies: 5
Views: 731

Re: Refinancing Question

Just to close the loop on this, I wanted to follow-up with what we ended up doing. While trying to decide whether to go forward, rates went up again. But when they went down again in December, I was able to lock-in a 30 year mortgage at 3.750%. The appraisal didn't come back as high as we had hoped ...
by Novine
Wed Jan 28, 2015 1:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Refinancing Question
Replies: 11
Views: 1568

Re: 30 yrs-old, married, looking for advice on our portfolio

Have you read the Wiki ? If not, you should start there as it will help you answer questions like what assets are best located in tax-deferred and taxable accounts. That would tell you that bonds in taxable is usually not recommended. Other information that would be helpful is what other funds are a...
by Novine
Wed Jan 28, 2015 1:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: 30 yrs-old, married, looking for advice on our portfolio
Replies: 3
Views: 664

Re: What age did you hit $100,000?

When I got married, thanks to the wife's retirement accounts. :D Seriously, getting married has been a financial boon for us. Before marriage, my house and car loans soaked up most of my excess income and I was hardly saving anything for retirement. Plus, I was dabbling in stocks. She had saved a to...
by Novine
Thu Jan 22, 2015 2:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: What age did you hit $100,000?
Replies: 68
Views: 6037

Re: The "Less Than" a Million $ Club

We're more interested in retiring early than retiring rich. That likely would preclude us from reaching a million in assets. But we'll have 2 pensions and 2 SS checks that will give us more options than those with more put away for retirement.
by Novine
Mon Jan 19, 2015 10:26 pm
 
Forum: Personal Consumer Issues
Topic: The "Less Than" a Million $ Club
Replies: 73
Views: 11577

Re: Suze Orman: $100 into $860k, and cfiresim

I watched the show and rolled my eyes at the 11% return. That's too much in Ramsey-land for me. Her underlying point is valid but I would have preferred to see her use a more realistic number. It still would have resulted in a substantial enough sum that it would have gotten people's attention.
by Novine
Mon Jan 19, 2015 5:10 pm
 
Forum: Investing - Theory, News & General
Topic: Suze Orman: $100 into $860k, and cfiresim
Replies: 47
Views: 5191

Re: How would you respond?

"I believe the person I reached out to was our in-house counsel to the subcommittee."

Does the plan have an investment manager? The response sounds like what I've heard from our plan's investment manager when discussing the benefits of active versus passively managed funds.
by Novine
Sat Jan 17, 2015 10:53 am
 
Forum: Investing - Theory, News & General
Topic: How would you respond?
Replies: 26
Views: 3328

Re: Investment Advice

As Duckie noted, it's overly complicated. A simple 3 or 4 fund approach is all that most people need especially if you don't have the time/interest to keep up on a more complicated portfolio. There's plenty of people here who have much larger portfolios than yours that manage it themselves by keepin...
by Novine
Fri Jan 16, 2015 11:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investment Advice
Replies: 16
Views: 1824

Re: Investment Advice

Can you explain why you selected the funds that you did?
by Novine
Fri Jan 16, 2015 8:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investment Advice
Replies: 16
Views: 1824

Re: Dazed, Confused and Upset

"Does anyone have any pointers on how to have the conversation with the EJ advisor and what that conversation should entail? I do know that I wouldn't have to talk to him at all but that just wouldn't be right in this type of situation. He is a distant relation and very close family friend whom...
by Novine
Tue Jan 13, 2015 11:22 am
 
Forum: Investing - Help with Personal Investments
Topic: Dazed, Confused and Upset
Replies: 63
Views: 6352

Re: How to transfer estate without including tax man

You don't pay taxes on your estate, your heirs do. It's no different than when if they won the lottery. I understand that people think that "my" money shouldn't be taxed twice but it's no longer "your" money when it gets doled out to the lucky recipients of your estate.
by Novine
Tue Jan 13, 2015 11:14 am
 
Forum: Investing - Help with Personal Investments
Topic: How to transfer estate without including tax man
Replies: 27
Views: 2419

Re: Edward Jones Fees

What does Edward Jones do for your accounts that Vanguard can not? I think I know the answer but let's see what you come up with and whether EJ is worth the dollars you give them.
by Novine
Tue Jan 13, 2015 11:12 am
 
Forum: Investing - Help with Personal Investments
Topic: Edward Jones Fees
Replies: 24
Views: 2142

Re: Home Energy Audit - worth it?

As the OP experienced, there are different levels of "audits" being offered out there. Under $100, you're going to get someone coming in and checking lights, faucets, age and style of A/C and heating systems, whether you have attic insulation. Unless you're completely clueless in the area ...
by Novine
Mon Jan 12, 2015 12:38 pm
 
Forum: Personal Consumer Issues
Topic: Home Energy Audit - worth it?
Replies: 22
Views: 2345

Re: Young dentist, No debt, Investing strategy

Have you been over to the White Coat Investor? He posts here too but he has a lot to read up on at his site. It's geared towards people like yourself. Starting off without student loans or credit card debt puts you ahead of a lot of your peers. But I would note that you have plenty of debt.
by Novine
Sat Jan 10, 2015 9:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Young dentist, No debt, Investing strategy
Replies: 10
Views: 1173

Re: Mice in the house

Extreme cold can drive mice inside. They can get in through very small holes so you've probably got more sealing to do. For those who don't want to use an open trap like the Victor traps, we've used these . I'm all for being touchy-feely with animals but mice can have some really nasty health issues...
by Novine
Sat Jan 10, 2015 2:16 pm
 
Forum: Personal Consumer Issues
Topic: Mice in the house
Replies: 86
Views: 5311

Re: QDRO vs Settlement in Divorce Decree

See this. Sounds like your divorce decree may meet the definition.
by Novine
Fri Jan 09, 2015 9:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: QDRO vs Settlement in Divorce Decree
Replies: 5
Views: 913

Re: make mortgage payment with a credit card?

Mine doesn't allow this. I don't know if this policy is the mortgage servicer's or the credit card company's or both.
by Novine
Thu Jan 08, 2015 12:49 pm
 
Forum: Personal Consumer Issues
Topic: make mortgage payment with a credit card?
Replies: 33
Views: 4382

Re: Can we afford to buy a home?

I would add that buying a new house doesn't provide any guarantee that you'll be free of those costs either. We've had a lot of new construction in the area and a lot of it that went up before the markets crashed in 2008 - 2009 were a source of unending problems for the new owners.
by Novine
Wed Jan 07, 2015 7:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can we afford to buy a home?
Replies: 41
Views: 3339

Re: Can we afford to buy a home?

"We have not tied the knot yet. Early '16." Get married first. Are you getting married at the court house? Or have you started budgeting for the wedding and honeymoon? If not, you need to factor that into your expenses. Buying a house is a lot less complicated when you've both made the com...
by Novine
Wed Jan 07, 2015 4:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can we afford to buy a home?
Replies: 41
Views: 3339
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