Search found 962 matches

by Novine
Thu Jul 30, 2015 7:52 pm
Forum: Investing - Theory, News & General
Topic: Can I be a Boglehead and a UAW??
Replies: 22
Views: 1477

Re: Can I be a Boglehead and a UAW??

"There is much criticism, but very little in terms of a different or better metric/formula. Greatly seeking reassurance for my fragile and frugal ego that we’re doing well towards accumulating wealth." You do realize that the formula is way too simplistic to be anything other than a rough ...
by Novine
Tue Jul 28, 2015 11:32 pm
Forum: Personal Finance (Not Investing)
Topic: Keep paying the mortgage??
Replies: 52
Views: 4375

Re: Keep paying the mortgage??

"At no time did the seller/realtor (one and the same), mortgage officer, or attorney advise me on the importance of the inspection or I certainly would have asked for one." That's because it was your responsibility to get the home inspected before you got yourself on the hook for a mortgag...
by Novine
Tue Jul 28, 2015 6:38 pm
Forum: Personal Consumer Issues
Topic: Free Windows 10 Upgrade, Yes or No?
Replies: 147
Views: 13831

Re: Free Windows 10 Upgrade, Yes or No?

"Generally my advice with a new OS is wait for the first service pack or maintenance (non-security) update. Then upgrade, so you are taking full advantage of the latest enhancements (especially security related)." Windows 10 isn't going to follow the traditional pattern of patches and serv...
by Novine
Mon Jul 20, 2015 11:46 am
Forum: Investing - Help with Personal Investments
Topic: 26 in California: Maxing out Roth IRA/401k, but what to do about HSA?
Replies: 19
Views: 2242

Re: 26 in California: Maxing out Roth IRA/401k, but what to do about HSA?

"We tried to use funds in our HSA to pay for our 3-month old (we are now on a PPO) and were told we could not because we are not currently on an HDP. Were we lied to by the hospital billing office?" Not sure if you were lied to but what's to stop you from paying that cost out of pocket and...
by Novine
Mon Jul 20, 2015 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Can You Contribute to Parents Roth IRA?
Replies: 26
Views: 2244

Re: Can You Contribute to Parents Roth IRA?

The OP reported: "I would always max out all my retirement accounts (18K Pre-Tax and 20K after-tax (Will convert to Roth) for my employers 401K, I also have a SEP IRA I will contribute 53K pre-tax (Small side business)) and likely add some to a 529 before contributing to my parents plan." ...
by Novine
Sat Jul 18, 2015 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Savings Plan Advice - What to do with my assets?
Replies: 12
Views: 1166

Re: Savings Plan Advice - What to do with my assets?

Interesting that your wife is a "debt is the devil" person combined with a bit of a gambling streak. Those usually don't go together. Who would be sticking the stocks in the stock-picking scenario - you or the wife?
by Novine
Fri Jul 17, 2015 6:54 pm
Forum: Investing - Theory, News & General
Topic: Indexing vs Active Stock Selection
Replies: 49
Views: 3715

Re: Indexing vs Active Stock Selection

By the way, how is GT Advanced Technologies doing these days? That was a "can't miss path to millions" for stock pickers.
by Novine
Fri Jul 17, 2015 6:45 pm
Forum: Investing - Theory, News & General
Topic: Indexing vs Active Stock Selection
Replies: 49
Views: 3715

Re: Indexing vs Active Stock Selection

I'm not sure I consider what the OP described as a good example of "active investing". First, it sounds like the OP has employed a "buy and hold" strategy. That gives them an advantage over the average active stock picker by minimizing transaction costs and taxes. Second, while t...
by Novine
Fri Jul 17, 2015 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Savings Plan Advice - What to do with my assets?
Replies: 12
Views: 1166

Re: Savings Plan Advice - What to do with my assets?

It sounds like the wife is more interested in playing the stock market versus just indexing in a taxable account.
by Novine
Fri Jul 17, 2015 7:28 am
Forum: Personal Finance (Not Investing)
Topic: Savings Plan Advice - What to do with my assets?
Replies: 12
Views: 1166

Re: Savings Plan Advice - What to do with my assets?

Why is your wife looking to invest in taxable accounts? I would want to understand her reasons before settling on a course of action.
by Novine
Thu Jul 16, 2015 11:04 pm
Forum: Investing - Help with Personal Investments
Topic: Considering Life Insurance Overfund as Short-Term Investment
Replies: 18
Views: 1439

Re: Suggestion for Short-Term Investments

I don't follow the logic of paying 4.5% interest on debt so that you can try to earn 3.5% interest on savings...
by Novine
Tue Jul 14, 2015 9:31 pm
Forum: Investing - Help with Personal Investments
Topic: Financial Review - 29 & 28 Year Old Married Couple
Replies: 14
Views: 1827

Re: Financial Review - 29 & 28 Year Old Married Couple

"We usually spend about $4,500 - $5,500 per month including our bills, groceries, entertainment, etc. So, we have about $4,000 or $5,000 in additional income per month that we need to allocate." Does the expenditure side of your numbers include current contributions to your retirement acco...
by Novine
Tue Jul 14, 2015 9:26 pm
Forum: Personal Consumer Issues
Topic: Builder wants to put a retaining wall on my property
Replies: 52
Views: 4555

Re: Builder wants to put a retaining wall on my property

"That’s an interesting idea of selling them that little piece of land, on the condition that I’m not responsible for water run-off or land settling. And selling a temporary easement is something totally new." It was noted earlier that you might not be able to sell off a strip of land. In s...
by Novine
Wed Jul 08, 2015 6:24 pm
Forum: Personal Consumer Issues
Topic: What antivirus software?
Replies: 47
Views: 3114

Re: What antivirus software?

I've talked to a lot of satisfied users of the free version of AVG. Microsoft Security Essentials gets decent reviews. But I prefer to get my anti-virus software from companies that specialize in anti-virus software.
by Novine
Tue Jul 07, 2015 9:47 am
Forum: Personal Finance (Not Investing)
Topic: How nuch concern is it to you when stocks
Replies: 50
Views: 3135

Re: How nuch concern is it to you when stocks

I'm surprised that no one directly addressed the OP's follow-up comment: "It is all fine while a person is still contributing to the market on a monthly basis but when you are done on monthly contributions. I won't be buying at low costs anymore." If your now in the retirement phase of you...
by Novine
Mon Jul 06, 2015 8:37 pm
Forum: Personal Consumer Issues
Topic: Worst financial book you have read (or will admit you have read)
Replies: 90
Views: 8517

Re: Worst financial book you have read (or will admit you have read)

"The worst "financial" book I read has to be Rich Dad, Poor Dad by Robert Kiyasaki." I gave this zero stars at Goodreads. Glad that I checked it out from the library and didn't waste a cent on it. The reviews at Goodreads run hot and cold. People either love it or hate it. I disl...
by Novine
Mon Jul 06, 2015 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Newlywed Financial Checkup
Replies: 8
Views: 661

Re: Newlywed Financial Checkup

You'll need to provide more details on your retirement accounts if you're looking for advice on asset allocation, etc. But from a 10,000 ft view, you're off to a good start financially as a married couple. Is there a reason for not contributing more than 5% to the wife's 401k? You're in a fortunate ...
by Novine
Fri Jul 03, 2015 9:30 am
Forum: Investing - Theory, News & General
Topic: Emergdoc on Mr. Money Mustache
Replies: 186
Views: 21657

Re: Emergdoc on Mr. Money Mustache

"His financial independence is predicated on not spending. Because if he spends (and someday he might want to or have to), he's not independent. Financial independence should give you more choices, not fewer." Emergdoc has debunked this view of MMM. As Emergdoc noted, MMM could significant...
by Novine
Thu Jul 02, 2015 7:02 pm
Forum: Investing - Theory, News & General
Topic: How did you start?
Replies: 35
Views: 3559

Re: How did you start?

A great primer not just on investing but on what it takes to be a successful investor for the long term - William Bernstein's If You Can: How Millenials Can Get Rich Slowly . It's only 15 pages long but packed full of great information.
by Novine
Thu Jul 02, 2015 6:50 pm
Forum: Investing - Help with Personal Investments
Topic: Taking over my own Investing, Lots of Questions
Replies: 16
Views: 1672

Re: Taking over my own Investing, Lots of Questions

You might not get a lot of responses with the holiday weekend (US) approaching. Renue74's link should help clarify your questions about bond fund placements: - 1st choice: Tax-deferred account like your 403b - 2nd choice: Tax free account - Roth IRA - 3rd choice: Taxable account Do you have any acce...
by Novine
Sat Jun 27, 2015 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Do you think this is a smart budget ?
Replies: 17
Views: 2838

Re: Do you think this is a smart budget ?

It depends. What income would you have if you lost your job? How would you pay for health insurance for you and your family? Could your spouse go to work if you couldn't find work? What are the job prospects if you lost your job? If you didn't have income coming in, how would you pay for your house,...
by Novine
Sat Jun 27, 2015 3:46 pm
Forum: Investing - Help with Personal Investments
Topic: NJ state pension
Replies: 39
Views: 2766

Re: NJ state pension

It's both - there are the legal hurdles and the political hurdles. My thought is that even if it was legally doable, and I agree with your assessment of the challenge to doing that, the political obstacles would make that very unlikely.
by Novine
Sat Jun 27, 2015 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: As a couple in late 30s, how bad are we doing?
Replies: 63
Views: 11530

Re: As a couple in late 30s, how bad are we doing?

It is a late start and most people your age on Bogleheads probably are further ahead than you are today. But keep in mind that you are 30 years away from your retirement age per Social Security which means you'll likely have several decades of working and saving before you have to use those retireme...
by Novine
Sat Jun 27, 2015 10:23 am
Forum: Investing - Help with Personal Investments
Topic: NJ state pension
Replies: 39
Views: 2766

Re: NJ state pension

"I could assume that they'll get it for at least the next 6 years, taking my MIL to maximum SS benefits, and then assume $0. That seems too safe though? I wonder what the worst outcome for any state pension has been to date." It hasn't been zero. Even if a plan is underfunded, it still can...
by Novine
Sat Jun 27, 2015 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Do you think this is a smart budget ?
Replies: 17
Views: 2838

Re: Do you think this is a smart budget ?

Since your spouse doesn't work and you have young children, I personally would want more than 6 months in an emergency savings accounts. Assuming you have decent fund choices in your workplace 401k, you should start there. That will help reduce your taxable income too. Do you plan on helping the kid...
by Novine
Sat Jun 27, 2015 10:01 am
Forum: Investing - Help with Personal Investments
Topic: unsure if I should open up a 457B
Replies: 23
Views: 2005

Re: unsure if I should open up a 457B

"I don't quite understand the relevance of me having a separate good retirement tool from a total $ perspective." Based on what you've shared, you're going to have a number of income sources in retirement: - 403b - Pension - Roth IRA - Social Security Some people like to add a taxable acco...
by Novine
Fri Jun 26, 2015 9:46 am
Forum: Investing - Help with Personal Investments
Topic: Made outsize returns in a short period of time: what am I doing wrong?
Replies: 34
Views: 4909

Re: Made outsize returns in a short period of time: what am I doing wrong?

"I rebalanced from TSL to JASO a couple of hours after the CEO made the announcement of his buyout offer, because although I had planned to rebalance the day before, I was way too busy and didn't log in until after markets had closed, so I'm still negative on JASO." JASO is still around? T...
by Novine
Fri Jun 26, 2015 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Pension Question - Early Retirement
Replies: 38
Views: 5040

Re: Pension Question - Early Retirement

"I haven't done anything about contacting the prior employer about beginning payments because I have not planned to take them. Obviously, the longer I delay taking them, the more they are worth and I don't need the income now." Is that actually the case? Some pension plans don't give you h...
by Novine
Sun Apr 26, 2015 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Help getting rid of debt
Replies: 56
Views: 3716

Re: Help getting rid of debt

What's the interest rate you are paying on the credit card debt?
by Novine
Sun Apr 19, 2015 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Using Zillow/Zestimate to value a home?
Replies: 43
Views: 5183

Re: Using Zillow/Zestimate to value a home?

You can use Zillow to see recent sales in the area. Use the filters to narrow those sales down to properties that are similar to the one you are interested in as it relates to square footage, lot size, age, etc. It won't be a perfect guide but it approximates the steps that a realtor would do for yo...
by Novine
Tue Apr 14, 2015 8:57 am
Forum: Investing - Theory, News & General
Topic: When did a GO (General Obligation) Bond last Default?
Replies: 10
Views: 1398

Re: When did a GO Bond last Default?

Detroit had some unsecured GO bonds that they defaulted on in the process of going into bankruptcy. I don't know the specifics of how those bonds were ultimately resolved. The likelihood of GO bonds going into default are pretty low. Most municipalities have the authority to tax to whatever point i...
by Novine
Sat Apr 11, 2015 9:13 pm
Forum: Investing - Theory, News & General
Topic: Stop contributing, and cash out your 401
Replies: 16
Views: 2966

Re: Stop contributing, and cash out your 401

From her previous workplace via her LinkedIn profile: "Rasberry Producer Group specializes in helping Independent Financial Advisors and Life Insurance Agents sell more Life Insurance. We are a producer group that works heavily in the Indexed Universal Life arena. With over 50 carriers availabl...
by Novine
Fri Apr 10, 2015 6:40 pm
Forum: Personal Consumer Issues
Topic: On a budget and Friday night
Replies: 68
Views: 5852

Re: On a budget and Friday night

Dinner for 4 and a movie for $50? That's a deal around here! But more seriously, if you're trying to save, dinner at home and Netflix sounds like a good way to spend a Friday evening and save a few dollars.
by Novine
Tue Apr 07, 2015 11:46 pm
Forum: Personal Finance (Not Investing)
Topic: Switch to 15 year mortgage? (Cash flow vs. better rate)
Replies: 17
Views: 1828

Re: Switch to 15 year mortgage? (Cash flow vs. better rate)

What rate can you get on a new 30 year? We looked at doing 15 years but found we could get a new 30 year and still get a lower rate and make up the difference in closing costs in under 2 years . Right now, I'm paying off the new loan as if it was a 15 year loan but have the flexibility to fall back ...
by Novine
Sat Apr 04, 2015 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Understanding Form 8889 and HSA Contribution
Replies: 2
Views: 533

Re: Understanding Form 8889 and HSA Contribution

OK. I expect we'll still be in the plan through the end of 2015 but good to know information.
by Novine
Fri Apr 03, 2015 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Understanding Form 8889 and HSA Contribution
Replies: 2
Views: 533

Understanding Form 8889 and HSA Contribution

In August of 2014, we moved back into a HDHP plan that allowed us to start contributing again into an HSA. My understanding of form 8889 is that since we had "family coverage" on the first day of December, the "last month's rule" means that we considered "an eligible individ...
by Novine
Wed Apr 01, 2015 11:17 am
Forum: Investing - Help with Personal Investments
Topic: portfolio review - well placed to catch up?
Replies: 2
Views: 495

Re: portfolio review - well placed to catch up?

"3) How much cash do people recommend to keep on hand for buying a >10% drop in the market? Is this a fool's errand?"

That's one reason why you hold bonds. When the market goes down, you rebalance from bonds into stocks to get yourself back to the appropriate percentages.
by Novine
Sat Mar 28, 2015 9:14 am
Forum: Investing - Help with Personal Investments
Topic: Taxable savings vs versus deferred non 401k/403b
Replies: 5
Views: 412

Re: Taxable savings vs versus deferred non 401k/403b

At what age are you planning on retiring? There's a place for taxable investing for people who want to retire "early" but are limited in what resources they can tap into without paying a penalty for early distributions.
by Novine
Tue Mar 24, 2015 10:37 pm
Forum: Investing - Theory, News & General
Topic: Vanguard HealthCare Fund
Replies: 68
Views: 7151

Re: Vanguard HealthCare Fund

This is one of those funds that I've always talked myself out of adding because it would be a bad combination of chasing a hot sector and relying on past performance to justify the purchase. I tell myself every time that one of these days, it's going to blow up. I'm still waiting for that to happen.
by Novine
Tue Mar 24, 2015 10:30 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for parents [with large cash holdings]
Replies: 15
Views: 1792

Re: Advice for parents

Do they have any long-term care insurance? If they still have retirement funds in 403b, are those the best plans to be in? Could they be avoiding high fees by rolling over to Vanguard? Have they expressed any interest in passing any of that along to you and your brother or grandchildren or favorite ...
by Novine
Wed Mar 18, 2015 12:11 pm
Forum: Investing - Help with Personal Investments
Topic: 403b Question
Replies: 26
Views: 2281

Re: 403b Question

They are likely all to have high ERs. Still, if you can find a fund or two that fits into your asset allocation, you're often better off by getting the benefits of deferred taxes and the long-term growth available in the 403b. When your wife retires, you can roll those assets out into an IRA at Vang...
by Novine
Mon Mar 16, 2015 4:08 pm
Forum: Investing - Help with Personal Investments
Topic: 25YO Newlyweds -- Too Much Cash?
Replies: 10
Views: 1924

Re: 25YO Newlyweds -- Too Much Cash?

"This could be a mental boost for the wife if we increase her 401k contributions -- the increased contributions are offset with the money that would normally go to the monthly auto payment." Logically, you may be right about extending the repayment out since it's at zero percent. But my pe...
by Novine
Mon Mar 16, 2015 8:01 am
Forum: Investing - Help with Personal Investments
Topic: My portfolio diversification
Replies: 10
Views: 1003

Re: My portfolio diversification

Please provide percentages of how much you're holding of each fund.
by Novine
Sun Mar 15, 2015 11:25 am
Forum: Investing - Help with Personal Investments
Topic: Mutual Funds or Variable Annuity?
Replies: 11
Views: 974

Re: Mutual Funds or Variable Annuity?

First, let's stop the abuse of the English language by referring to these people as "financial advisors". They are nothing of the sort. They are salesman and saleswomen. The advice that they give is mostly self-interested and not advice that benefits your finances. You should see if you ca...
by Novine
Sat Mar 14, 2015 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: opened sharebuilder acct 1 yr ago......
Replies: 4
Views: 620

Re: opened sharebuilder acct 1 yr ago......

"Is it relatively safe to invest ETF: SPYand BND split 85/15 for next year or so while I learn as much and as quick as I can." "Safe" as is "I won't lost any money investing this way"? If that's the question, not it's not "safe". If the markets go south, you c...
by Novine
Thu Mar 12, 2015 8:05 pm
Forum: Personal Consumer Issues
Topic: BEWARE-Dell Computer Tech Service
Replies: 39
Views: 4023

Re: BEWARE-Dell Computer Tech Service

The issue isn't whether Dell is "faultless". Based on the totality of information that the OP shared, it appears that Dell support did something that perhaps they should not have done. But much of what the OP is pointing the finger at Dell support for causing likely isn't from anything tha...
by Novine
Thu Mar 12, 2015 10:33 am
Forum: Investing - Help with Personal Investments
Topic: Porfolio Help
Replies: 2
Views: 325

Re: Porfolio Help

"Expenses are 1% management fee + expense ratio of ~0.44%, very high, but there aren't many good choices." Do you need to go with this managed option? Or can you get out of that and select individual funds? Overall, you look to be in good shape. 70/30 makes sense for your age. You have les...
by Novine
Tue Mar 10, 2015 7:16 pm
Forum: Personal Consumer Issues
Topic: BEWARE-Dell Computer Tech Service
Replies: 39
Views: 4023

Re: BEWARE-Dell Computer Tech Service (India)

What was the user name of the second user? Are you sure that this account was added by Tech Support? Or had it been there all along? By default, the first account created on Windows is an administrator account. Not knowing how your computer was set up, it's possible that the account you've been usin...
by Novine
Mon Mar 09, 2015 10:42 am
Forum: Personal Finance (Not Investing)
Topic: 31 Year Old Seeking Financial Guidance
Replies: 46
Views: 4948

Re: 31 Year Old Seeking Financial Guidance

Did you go FHA because you couldn't afford to do a significant downpayment on the house? The PMI on recent FHA loans are outrageous and it is probably inflating your housing costs beyond what you would be paying if you had done a traditional loan with no PMI.
by Novine
Mon Mar 09, 2015 10:33 am
Forum: Personal Finance (Not Investing)
Topic: At what point is it too much house? How much do we need?
Replies: 52
Views: 5369

Re: At what point is it too much house? How much do we need

Let's see - 5 family members in 5,000 sq. ft. = 1,000 sq. ft. per family member. Do you "need" 5,000 sq. ft.? I doubt it. I've yet to meet someone who lives in a house that large who had any practical need for all that space. People buy 5,000 sq. ft. houses for reasons that have nothing to...

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