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Re: Mr. Money Mustache: Hero or Foolish?

"That's just not possible for someone in middle class. His "true" audience is really someone who has a lot of money already" I'm not a MMM follower but from what I've read on his site, I've read quite a bit that would help someone in the middle class retire sooner than they could...
by Novine
Tue Apr 22, 2014 12:20 pm
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 253
Views: 28288

Re: Curious on tax return for mom and dad..

"VITA sites are getting better but they've got a long way to go, epecially with more complicated returns. 50% accuracy rate is pretty bad."

Compared to what? Is it documented that accountants have a better rate of performance when it comes to tax returns?
by Novine
Sat Apr 19, 2014 10:44 am
 
Forum: Personal Finance (Not Investing)
Topic: Curious on tax return for mom and dad..
Replies: 22
Views: 1840

Re: Playing Defense

Sounds like you're talking market timing, not proper portfolio allocation. I'm investing for the next 20 years, not the next crash. If things go south this year, I have no interest in jumping out of the market and into cash and then back into the market when the crash is over. If that's your plan, p...
by Novine
Fri Apr 11, 2014 8:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Playing Defense [against possible market correction]
Replies: 36
Views: 2950

Re: Can you Max out 2 457b plans during the same year?

IRS guidance on this. Make sure to check your plan for specifics.
by Novine
Fri Apr 11, 2014 10:15 am
 
Forum: Personal Finance (Not Investing)
Topic: Can you Max out 2 457b plans during the same year?
Replies: 12
Views: 741

Re: New to investing, looking for insights

"Everyone continues to talk about the "free money" involved in the company match, but I am quite behind in my cash savings of 3 months salary." It is free money! If your boss came to you with an offer to increase your pay, would you turn it down? That's what you are doing by not ...
by Novine
Fri Apr 11, 2014 10:10 am
 
Forum: Investing - Help with Personal Investments
Topic: New to investing, looking for insights
Replies: 45
Views: 2714

Re: Updating Windows 8 to 8.1

I ran into problems with wireless network drivers on a Dell laptop after upgrading to 8.1. It works fine with some wireless access points, not well with others. I've tried all the various drivers for Windows 8 and 8.1 without resolving the problem. I wonder if the OP is encountering a similar problem.
by Novine
Fri Apr 11, 2014 9:20 am
 
Forum: Personal Consumer Issues
Topic: Updating Windows 8 to 8.1
Replies: 15
Views: 1099

Re: Help getting started with 401k and other investments

You're comparing apples to oranges (I didn't catch that the first time around as I would have noted that). Kerplunk was recommending a foreign equities index fund to fill out that portion of your portfolio. The general rule of thumb is to have somewhere between 20 - 40% of your stock allocation in f...
by Novine
Wed Apr 09, 2014 5:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help getting started with 401k and other investments
Replies: 14
Views: 675

Re: Help getting started with 401k and other investments

Many people use past performance to pick stocks and mutual funds. Don't fall into that trap. You can't control performance going forward but you can control costs. That said, there are some funds that never do well and it may be worth investigating the alternatives. But don't get into the practice o...
by Novine
Wed Apr 09, 2014 1:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help getting started with 401k and other investments
Replies: 14
Views: 675

Re: Edward Jones Advisory Solutions account

Owning funds from different firms doesn't guarantee a diversified portfolio. Whatever low cost options some of those companies might offer, only a fool would pay the EJ premium to get access to them.
by Novine
Mon Apr 07, 2014 11:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Edward Jones Advisory Solutions account
Replies: 58
Views: 10272

Re: The Unthinkable Disaster: What If Your Account Disappear

A firm like Vanguard will have multiple backups of your account information which means that even if someone was able to wipe out the current information, there would be some version of your account that could be documented in past backups. If that information goes missing, there are bigger problems...
by Novine
Sun Apr 06, 2014 7:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: The Unthinkable Disaster: What If Your Account Disappeared?
Replies: 43
Views: 4695

Re: somoene filed a return with my spouses SSN?

When I file with the free fillable forms online, I'm required to supply my AGI from last year's return. That kind of requirement would guarantee that 99.5% of the fraud would be avoided.
by Novine
Sun Apr 06, 2014 3:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: somoene filed a return with my spouses SSN?
Replies: 22
Views: 1779

Re: Selling house, capital gains tax?

Ownership test is 2 years. Sounds like you don't qualify.

http://www.irs.gov/taxtopics/tc701.html
by Novine
Sat Apr 05, 2014 10:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Selling house, capital gains tax?
Replies: 4
Views: 321

Re: Filing a prior tax year that was not required to be file

OP - you are correct. If she files by the 15th, she can get a refund for 2010. Make sure to use the original tax forms and instructions for the year you are filing. You can get them from the IRS web site. There's no downside to doing this.
by Novine
Fri Apr 04, 2014 10:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Filing a prior tax year that was not required to be filed
Replies: 4
Views: 281

Re: passive versus active

"It seems to me that while passive investing might deliver a better return over the long term, active investing might reduce the volatility risk that is just as important (in fact, more important, I think) than absolute return." You can control volatility by having an asset allocation that...
by Novine
Fri Apr 04, 2014 8:32 pm
 
Forum: Investing - Theory, News & General
Topic: passive versus active
Replies: 25
Views: 1225

Re: passive versus active

"For a retiree or near retiree, the question isn't what investment will deliver the most return over time, the question is what investment will deliver the best return over time relative to risk." It's unclear what this has to do with the difference between "active" and "pas...
by Novine
Fri Apr 04, 2014 3:14 pm
 
Forum: Investing - Theory, News & General
Topic: passive versus active
Replies: 25
Views: 1225

Re: Portfolio Advice needed for 67 year old mother

Where does she have her IRAs?

Based on the numbers you provided, she's currently getting around $2800/month in income but needs around $4200/month based on current expenses. Does she expect those expenses to go up, down or stay the same in retirement?
by Novine
Fri Apr 04, 2014 9:35 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice needed for 67 year old mother
Replies: 9
Views: 640

Re: reading advice for an ambitious woman in her early 20s?

I've recommended "The 10 Commandments of Money: Survive and Thrive in the New Economy" by Liz Pulliam Weston in the past. I think it's a great book for people needing an introduction to personal finance topics. After that, I would recomend the Dan Solin books "The Smartest Investment/...
by Novine
Mon Mar 31, 2014 11:19 pm
 
Forum: Personal Consumer Issues
Topic: reading advice for an ambitious woman in her early 20s?
Replies: 32
Views: 2280

Re: Mr. Money Mustache: Hero or Foolish?

"We always understood life was a trade off and we chose traveling the world to redecorating the house or a new car. And I definitely wouldn't have given that up for an increased savings rate. Every year we would meet people who had saved all their lives to take the trip we were taking. The diff...
by Novine
Mon Mar 31, 2014 8:53 pm
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 253
Views: 28288

Re: How much to build a small house from scratch?

OP - From what you've described where you are contracting out all of the design, construction, etc., you're going to end up paying a premium for every step of the process. If you were doing some or most of the labor, you could likely realize significant cost savings. Instead, you're going to experie...
by Novine
Mon Mar 31, 2014 11:53 am
 
Forum: Personal Consumer Issues
Topic: How much to build a small house from scratch?
Replies: 28
Views: 1584

Re: Mr. Money Mustache: Hero or Foolish?

OP - What exactly are your beefs with his financial views? I'm assuming that you're able to differentiate those from any personal differences you have with how the guy lives.
by Novine
Mon Mar 31, 2014 11:45 am
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 253
Views: 28288

Re: Frugal Fatigue

"I guess the clincher for me was hearing coworkers talk about taking Uber to work because "it's only 15 round trip and I don't have to walk!" when one of my reasons for biking to work is to squeeze in exercise and save the $4.50 I would otherwise spend on the train." You do reali...
by Novine
Sat Mar 29, 2014 10:47 pm
 
Forum: Personal Consumer Issues
Topic: Frugal Fatigue
Replies: 96
Views: 9821

Re: Should you discuss your wages with your peers?

For those who believe ignorance is bliss, even companies with reputations for valuing their employees apparently engage in shady behavior when it comes to employee wages.
by Novine
Fri Mar 28, 2014 6:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should you discuss your wages with your peers?
Replies: 82
Views: 6628

Re: 28 Year Old - Managing Retirement Fund

That's true. But it also points out that many people already have significant exposure in the real estate world. Piling more into your retirement portfolio isn't necessarily a good thing.
by Novine
Thu Mar 27, 2014 11:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: 28 Year Old - Managing Retirement Fund
Replies: 19
Views: 1860

Re: 28 Year Old - Managing Retirement Fund

You have exposure to real estate - its called your home.
by Novine
Wed Mar 26, 2014 10:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: 28 Year Old - Managing Retirement Fund
Replies: 19
Views: 1860

Re: Saving a % of income vs saving a $ amount?

"As far as an HSA, yes I have the option but I see no realized benefit of one because I have health coverage that my employer subsidizes and is a very low $500 deductible plan with excellent benefits." Some people use their HSA as a secondary IRA . The contribution goes in tax free and can...
by Novine
Wed Mar 26, 2014 10:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Saving a % of income vs saving a $ amount?
Replies: 23
Views: 3031

Re: Saving a % of income vs saving a $ amount?

Workaholic - For someone your age, you're off to a great start. As you've seen, there aren't really any hard and fast rules in this area. For people your age, my advice would be to save at least a minimum of 10% of your gross income for retirement. As you get older, the percentage of your income sav...
by Novine
Wed Mar 26, 2014 12:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Saving a % of income vs saving a $ amount?
Replies: 23
Views: 3031

Re: Help with 401k

Sorry, that wasn't worded well but you got the point. Does the family income and expenses preclude funding an IRA for either of you?
by Novine
Tue Mar 25, 2014 11:17 am
 
Forum: Investing - Help with Personal Investments
Topic: Help with 401k
Replies: 19
Views: 1043

Re: Help with 401k

Does the spouse not work?
by Novine
Mon Mar 24, 2014 10:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with 401k
Replies: 19
Views: 1043

Re: Should I drop my whole life policy?

"Of course, my insurance agent doesn't agree."

Whole life policies are a cash cow for your insurance agent. You're not getting unbiased advice from your agent.
by Novine
Mon Mar 24, 2014 10:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I drop my whole life policy?
Replies: 15
Views: 1163

Re: Need portfolio advice as I hit my mid-30's...

Can you explain why you want a 60/40 stocks/bond portfolio and why 20% for cash? 1. The spouse's portfolio is too complicated. 2. A LifeStrategy fund makes less sense here when you have the ability to create a diversified portfolio with the funds available in your accounts. 3. Treat all of the accou...
by Novine
Sun Mar 23, 2014 10:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need portfolio advice as I hit my mid-30's...
Replies: 14
Views: 1887

Re: Edward Jones Advisory Solutions account

I have a feeling we won't be hearing back from "ed".
by Novine
Sun Mar 23, 2014 10:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Edward Jones Advisory Solutions account
Replies: 58
Views: 10272

Re: Edward Jones Advisory Solutions account

When I made the mistake of signing up for VALIC's Guided Portfolio Service for my 457 through work, they had me invested in 16 different funds in a portfolio that was at most, a low 5 figures in size. I don't recall the exact amount of the fee that was layered on top of VALIC's existing fee structur...
by Novine
Sun Mar 23, 2014 1:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Edward Jones Advisory Solutions account
Replies: 58
Views: 10272

Re: Aargh, investing!!

"Since I've already maxxed out everything, it looks like I'm left (unfortunately) with just purchasing taxable index funds." Actually, that's not accurate. There are other options besides taxable investments. These can include HSAs, I Bonds, etc. Not all of those may apply or be appropriat...
by Novine
Sat Mar 22, 2014 9:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Aargh, investing!!
Replies: 79
Views: 6160

Re: Aargh, investing!!

Answered in the new thread that you started.
by Novine
Fri Mar 21, 2014 8:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Aargh, investing!!
Replies: 79
Views: 6160

Re: Help Rebalancing 401k

"Looking back, I'm kinda sick at how much I wasted in expenses on my 401K. We should have been contributing more to her 401K/Roths and only taking the match on mine. Ugh." Many of us have learned that the hard way. At least you learned the lesson and know what to watch out for going forwar...
by Novine
Fri Mar 21, 2014 11:07 am
 
Forum: Investing - Help with Personal Investments
Topic: Help Rebalancing 401k
Replies: 11
Views: 468

Re: Help Rebalancing 401k

The recommendation for bonds is a combination of managing volatility and also providing for the opportunity to rebalance when the market goes down. Were you invested in 2008 - 2009 and if so, how did you react to the markets decline? Does your wife have any other retirement accounts besides the Roth...
by Novine
Fri Mar 21, 2014 9:19 am
 
Forum: Investing - Help with Personal Investments
Topic: Help Rebalancing 401k
Replies: 11
Views: 468

Re: Help Rebalancing 401k

What's your asset allocation? I don't think these are all dogs. I would look at these also: SSGA RUSSELL SMALL/MID - This looks like a decent fund to complement the S&P 500 fund and the ER isn't bad for that kind of fund. PTTRX - A decent intermediate-term bond fund with a decent ER. Depending o...
by Novine
Thu Mar 20, 2014 11:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help Rebalancing 401k
Replies: 11
Views: 468

Re: Don’t Bother With That High Cost 401(k)

IRS answer on whether you are covered or not.
by Novine
Thu Mar 20, 2014 9:00 pm
 
Forum: Investing - Theory, News & General
Topic: Don’t Bother With That High Cost 401(k)
Replies: 28
Views: 2984

Re: 28 Year Old - Managing Retirement Fund

What are you trying to achieve with all of those funds?
by Novine
Wed Mar 19, 2014 12:21 am
 
Forum: Investing - Help with Personal Investments
Topic: 28 Year Old - Managing Retirement Fund
Replies: 19
Views: 1860

Re: Aargh, investing!!

"I am sort of wary of continuing to dump all of my money into index funds, too, since I'm pretty convinced that the stock market is going to tank as soon as the Fed removes their artificial money dump in the future (sorry if that's political, but that's my belief)." This is considered mark...
by Novine
Wed Mar 19, 2014 12:05 am
 
Forum: Investing - Help with Personal Investments
Topic: Aargh, investing!!
Replies: 79
Views: 6160

Re: Need Advice: 457b Plan - What Funds look good to you?

"I can make pre-tax deductions into my HSA account up to $6,550 annually. These funds can only be withdrawn to pay for qualified medical expenses. This is helpful as I have to pay at least $1,250 (50%) of my deductible towards said expenses each year. Its simply a tax shelter to lower AGI, and ...
by Novine
Wed Mar 19, 2014 12:00 am
 
Forum: Investing - Help with Personal Investments
Topic: Need Advice: 457b Plan - What Funds look good to you?
Replies: 22
Views: 740

Re: Need Advice: 457b Plan - What Funds look good to you?

Does your spouse have access to a retirement plan?
by Novine
Tue Mar 18, 2014 12:05 am
 
Forum: Investing - Help with Personal Investments
Topic: Need Advice: 457b Plan - What Funds look good to you?
Replies: 22
Views: 740

Re: Need Advice: 457b Plan - What Funds look good to you?

"Advised Asset Group for management oversight" Avoid that like the plague. Unnecessary and will almost guarantee that you'll be placed in a slice-and-dice portfolio of high fee funds. Why do you think you need the Contrafund or Value Fund from Fidelity? Same with the Real Estate fund? When...
by Novine
Tue Mar 18, 2014 12:03 am
 
Forum: Investing - Help with Personal Investments
Topic: Need Advice: 457b Plan - What Funds look good to you?
Replies: 22
Views: 740

Re: Curious on tax return for mom and dad..

"$3,250 is with daughter claimed as dependent by parents."

Thanks - I missed that eyeballing that table. It's a wonder anyone can slog through all of that info to figure out what they might be eligible to get.
by Novine
Mon Mar 17, 2014 6:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Curious on tax return for mom and dad..
Replies: 22
Views: 1840

Re: Curious on tax return for mom and dad..

"My question is why are they getting 3250 back?" Between the standard deduction of $12,200 for MFJ and the exemptions for your parents, they have zero tax liability. The $3250 refund is coming from the EIC. The tables for the EIC are here . I didn't do the worksheet but $3250 corresponds w...
by Novine
Mon Mar 17, 2014 5:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Curious on tax return for mom and dad..
Replies: 22
Views: 1840

Re: Bogleheads Stance on Home Buying

"Someone who lives frugally when it comes to their food, auto, or other expenses can afford a big house if that's what they want."

People who live frugally generally don't buy a big house.
by Novine
Mon Mar 17, 2014 5:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bogleheads Stance on Home Buying
Replies: 61
Views: 4603

Re: Need Help with MiL's Investment/Life Choices

That's OK. I just wanted to be sure that you understood the distinction. You have enough on your hands with this situation.
by Novine
Mon Mar 17, 2014 1:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need Help with MiL's Investment/Life Choices
Replies: 57
Views: 3151

Re: Need Help with MiL's Investment/Life Choices

"There is a steep learning curve here. She thought an IRA was a bank. She did not understand that she would have money in the stock market. When I tried to explain that TD Ameritrade requires no minimum to open an IRA, she thought that TD Ameritrade and an IRA were synonymous and so we should j...
by Novine
Mon Mar 17, 2014 1:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need Help with MiL's Investment/Life Choices
Replies: 57
Views: 3151

Re: Please help with 457

Also check your 457 plan documents to see if there are any other fees associated with these funds.
by Novine
Sun Mar 16, 2014 4:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Please help with 457
Replies: 8
Views: 581
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