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Re: Family Refinance of a Student Loan

Nevermind, missed that it was your parents and not hers.
by RobInCT
Sat Apr 05, 2014 12:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Family Refinance of a Student Loan
Replies: 4
Views: 525

Re: I accidentally discovered a coworkers salary... now what

If you only saw her W-2, you don't know that she makes more than you do. You know, at best, that in 2013 she received more money from the company that the federal government classified as "wages, tips, and other comp" than you did. For all you know, she got a 20-year longevity bonus, worke...
by RobInCT
Sat Apr 05, 2014 10:04 am
 
Forum: Personal Finance (Not Investing)
Topic: I accidentally discovered a coworkers salary... now what?
Replies: 59
Views: 5508

Re: Ancestry Tests

I looked into doing one of these and decided not to once I read the research behind it and realized that they had significant limitations and were unable to return results at a level of confidence that I was willing to pay for.
by RobInCT
Thu Mar 27, 2014 9:20 am
 
Forum: Personal Consumer Issues
Topic: Ancestry Tests
Replies: 19
Views: 1918

Re: how do student loans work?

Eleven years elapsed between when I started college and when I finished my professional degree. During that time period alone, there were no fewer than three substantial revisions to the federal student loan program that affected whether student loans were a "good deal" or not. I finished ...
by RobInCT
Wed Mar 26, 2014 8:32 am
 
Forum: Investing - Help with Personal Investments
Topic: how do student loans work?
Replies: 9
Views: 1040

Re: student loan interest

My source was not just some random internet site, but FedLoan Servicing, a Department of Education servicer. This specific thread appears to be moot since OP found the answer to his question, but for the benefit of anyone reading this thread in the future, I wanted to make clear that the terms of p...
by RobInCT
Sat Jan 18, 2014 8:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: student loan interest
Replies: 19
Views: 1057

Re: student loan interest

Correct. Non-capitalized interest is not compounded. So loan companies are basically making additional money by applying payments first to the portion of of the debt that is not accruing interest instead of to the portion that is. And most people never notice. What is confusing about this? We alway...
by RobInCT
Sat Jan 18, 2014 3:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: student loan interest
Replies: 19
Views: 1057

Re: First Speeding Ticket: What Would You Do?

Seriously, don't hire a lawyer, show up in court, if the cop shows up, plead no contest. If he doesn't, you lucked out and get off. Before you go to court, make sure the ticket was filled out correctly--date, time, location, officer's name, etc. If it wasn't, even if the cop shows up you can point o...
by RobInCT
Sat Jan 18, 2014 2:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: First Speeding Ticket: What Would You Do?
Replies: 72
Views: 4100

Re: student loan interest

RobInCT: Can you comment on why it would matter where the loan company applies the payment? Is it because non-capitalized interest is not being compounded? Otherwise, it seems like it hardly matters; the borrower has to pay back both the accrued interest and the principal anyway. Correct. Non-capit...
by RobInCT
Sat Jan 18, 2014 11:01 am
 
Forum: Personal Finance (Not Investing)
Topic: student loan interest
Replies: 19
Views: 1057

Re: student loan interest

More information is required, but my guess is that they were applying extra payments to interest instead of to principal. If you had non-capitalized interest that had built up over a number of years (for example if the loans were in deferment for a period of years, or because you weren't making paym...
by RobInCT
Fri Jan 17, 2014 8:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: student loan interest
Replies: 19
Views: 1057

Re: I Retire Next Year and am 100% Stocks

But I also don't want to get left behind if I am a nervous Nellie. Get left behind how? Either you have enough to retire on (given expected return rates) or you don't. If yes, why are you still gambling? Sure, we'd all like more. But do you really need more? If you do, maybe you should reconsider r...
by RobInCT
Thu Jan 16, 2014 2:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: I Retire Next Year and am 100% Stocks
Replies: 20
Views: 1896

Re: Seeking Advice/Direction: Kids Allowence, Paying for Cho

From a cognitive science perspective, 4 and 6 seems really young. The 4 year old might not even reliably be able to do arithmetic. Kids do need to learn about money, saving, what things cost, etc. Not sure I think they need to--or can--learn it before kindergarten. Put another way, if your kid isn't...
by RobInCT
Thu Jan 16, 2014 1:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Seeking Advice/Direction: Kids Allowence, Paying for Chores
Replies: 29
Views: 932

Re: Pros/cons of home funding approach?

Once you're married and she out-earns you, are you going to stay home if you can't afford "your half" of the yearly vacation? What happens if you can't afford "your half" of your kids' college education?
by RobInCT
Thu Jan 16, 2014 1:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pros/cons of home funding approach?
Replies: 8
Views: 440

Re: Reached first savings milestone: 1x salary

I will say, though, that many/most of the "glide slopes" that are out there aren't really that great from a typical Boglehead perspective...they just don't go far enough. They tend to use figures aimed at providing 70%-80% of income starting at age 65-70. I think an early and/or comfortab...
by RobInCT
Thu Jan 16, 2014 1:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Reached first savings milestone: 1x salary
Replies: 29
Views: 2954

Re: Paying for College while Retired -- FAFSA Strategies

Strategies: Convince your kids to get married before attending college, then they are considered independent. Put all your money into an annuity, poof asset is gone :D Have your child have a child & then they are considered independent If you still have a mortgage, you could pay it off & vo...
by RobInCT
Tue Jan 14, 2014 10:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Paying for College while Retired -- FAFSA Strategies
Replies: 50
Views: 2163

Re: Paying for College while Retired -- FAFSA Strategies

Moral: If you're an achiever and responsibly accumulate assets for a semblance of financial security, you (and by default - your kids) will be penalized. If you're a slacker, squander your earnings and do not save anything, you will qualify for all sorts of aid. Of course, you can save it all in IR...
by RobInCT
Tue Jan 14, 2014 10:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Paying for College while Retired -- FAFSA Strategies
Replies: 50
Views: 2163

Re: How much should a good dentist make yearly?

I don't understand why you're angry with your wife for not earning more than you do. It seems like you're fixating on her earnings when the problem (if there is one) is spending and not earning. You guys make plenty of money. I recommend you try to figure out the actual problem and come up with actu...
by RobInCT
Sat Jan 11, 2014 3:30 pm
 
Forum: Personal Consumer Issues
Topic: How much should a good dentist make yearly?
Replies: 78
Views: 15272

Re: Dating, Gender, & Wealth Differences...

A lot of those women, high income or not, are looking for someone with stacks of cash. NYC is an expensive place to live. About a decade ago I started dating again. I tried to put my first foot forward and hide my business success. Just stated I worked for so and so (just not the owner) and was in ...
by RobInCT
Tue Jan 07, 2014 3:04 pm
 
Forum: Personal Consumer Issues
Topic: Dating, Gender, & Wealth Differences...
Replies: 102
Views: 5849

Re: Auto Loan and Credit Card Balances

Stoney178 wrote:well theres no rush to pay it off since im not loosing anything. In October i just pay it off - and $35 a month adds up :)

$35 total, not $35/month.
by RobInCT
Tue Jan 07, 2014 7:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Auto Loan and Credit Card Balances
Replies: 6
Views: 360

Re: Dating, Gender, & Wealth Differences...

Hi all. I am a male, mid 40's, living in the NYC area and on the dating scene. Needless to say many of the women I come across are (on paper at least) seemingly much more financially heeled than I. For example they work as lawyers, corporate, finance, etc. and many often own homes in NYC, typically...
by RobInCT
Tue Jan 07, 2014 7:22 am
 
Forum: Personal Consumer Issues
Topic: Dating, Gender, & Wealth Differences...
Replies: 102
Views: 5849

Re: Retirement and my new car

I don't know if I will end up doing this or not but I plan to work until I hit my goal then work additional months after that to buy a very nice new car for cash as my retirement present and to eliminate the need for that outlay for another approximately 8 years. Just don't want to start retirement...
by RobInCT
Thu Jan 02, 2014 8:37 am
 
Forum: Investing - Help with Personal Investments
Topic: Retirement and my new car
Replies: 37
Views: 2559

Re: Withdraw from IRA before starting SS?

As long as you don't have any earned income and not relying on SS to meet your needs I would draw on SS as soon as you can. The main reason? There is no way that the government will keep the rules as is! So get as much money out and as early as you can. In an effort to avoid getting this thread loc...
by RobInCT
Wed Jan 01, 2014 1:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Withdraw from IRA before starting SS?
Replies: 14
Views: 883

Re: Would a bank give me a loan for covering living expenses

What about, instead of going back to school for an entire degree, enrolling in some classes that you can afford to pay for out-of-pocket? If time/scheduling is a real constraint, you could look into online programs. I would look at the jobs you want, see what skills they are asking for that you do n...
by RobInCT
Wed Jan 01, 2014 1:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Would a bank give me a loan for covering living expenses?
Replies: 14
Views: 1083

Re: Single & Frugal or Coupled & (Financially) Incompatible?

I wouldn't rule out the men (or women) with 6-figure debts if that's due to professional schooling rather than behavioral issues. Good point. I had six-figure debt when I was in my 20s. Made lifestyle and job choice decisions that allowed me to pay it off quickly by my early 30s and have no intenti...
by RobInCT
Wed Jan 01, 2014 9:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Single & Frugal or Coupled & (Financially) Incompatible?
Replies: 77
Views: 5597

Re: Single & Frugal or Coupled & (Financially) Incompatible?

Relationships are about compromise--about EVERYTHING. If you're not interested in compromise, then a life partnership is probably not for you. I'm not suggesting you date a spendthrift--someone whose financial habits are so vastly different from your own is probably going to have other things about ...
by RobInCT
Tue Dec 31, 2013 10:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Single & Frugal or Coupled & (Financially) Incompatible?
Replies: 77
Views: 5597

Re: Bogleheads 2014 Hedge fund contest

Hedge Fund: Inside Trader

Long:
AMZ
ULTA

Short:
BKS
YUM
by RobInCT
Sun Dec 29, 2013 3:31 pm
 
Forum: Investing - Theory, News & General
Topic: Bogleheads 2014 Hedge fund contest
Replies: 132
Views: 8766

Re: Drawing Down a "Peace of Mind" Fund

The purpose of emergency funds is to decrease, rather than increase stress. If you've only been building this fund for a few years, and you're now depleting it by 2%, seems like you should be able to replenish funds within a month or two. I recommend automatic deposits and less frequent checking of ...
by RobInCT
Sat Dec 28, 2013 10:19 am
 
Forum: Investing - Help with Personal Investments
Topic: Drawing Down a "Peace of Mind" Fund
Replies: 12
Views: 958

Re: I think low cost of living trumps retiring in a no state

I assume you're asking from a purely financial standpoint without regard to "intangibles" (quality of life, proximity to family, weather, access to specialized health care, etc.). If so, this is a math question and one that cannot be answered without reference to specific data points. In p...
by RobInCT
Thu Dec 26, 2013 12:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: I think low cost of living trumps retiring in a no state in
Replies: 80
Views: 5275

Re: Raw land as an investment

I view raw land like I view individual stocks--some of it/them will make some people rich, some if it/them will make people go broke. I'd like to think I'm smart enough to outsmart the market, the developers, and the hedge funds--to dig into a company's financials or a city's zoning/growth prospects...
by RobInCT
Thu Dec 26, 2013 12:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Raw land as an investment
Replies: 23
Views: 2782

Re: Totally New to BogleStyle after firing adviser. Please h

Thanks Novine and bayview. Ok, I get that I don't want to get caught in the middle of a major correction/collapse right when I need the money for retirement. I'd like to think that with 11 years to go there is time to shift away from equity risk that might occur soon before retirement. But on the o...
by RobInCT
Wed Dec 25, 2013 7:47 am
 
Forum: Investing - Help with Personal Investments
Topic: Totally New to BogleStyle after firing adviser. Please help!
Replies: 27
Views: 2713

Re: Help with wife's student loans

How confident do you feel in your marriage? (You do not need to answer that out loud--just something to think about). One solution is to take out extra federal student loans under your own name and to use the surplus to make payments on and/or pay off some of your wife's. I believe you can take out ...
by RobInCT
Tue Dec 24, 2013 4:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help with wife's student loans
Replies: 14
Views: 1519

Re: Totally New to BogleStyle after firing adviser. Please h

Thanks LadyGeek, and all the other helpful posters. Based on what I've heard, I've revised the plan (with fear and reluctance! especially regarding the bond allocation) to increase the bond portion of my AA to 65/35 from 75/25. I think you're doing the right thing. I also think you need to make it ...
by RobInCT
Tue Dec 24, 2013 7:11 am
 
Forum: Investing - Help with Personal Investments
Topic: Totally New to BogleStyle after firing adviser. Please help!
Replies: 27
Views: 2713

Re: Student loans now refinanced - pay down or invest?

I am not a lawyer, but I am about your age and have many friends who are biglaw lawyers who are about your age in in approximately your financial position. One important question--what do you intend to do after you leave your law firm? Law jobs are notoriously unstable, and I absolutely would not as...
by RobInCT
Sun Dec 22, 2013 3:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Student loans now refinanced - pay down or invest?
Replies: 15
Views: 1521

Re: Job offer

No way. And I hate commuting. Future employers want to know your salary history. It is better to earn more. And it would be embarrassing to tell somebody that you took a job for less to commute less. At least I would glaze over at this and probably hold it very much against you. This is crazy. Peop...
by RobInCT
Sun Dec 22, 2013 11:54 am
 
Forum: Personal Finance (Not Investing)
Topic: Job offer
Replies: 19
Views: 1092

Re: Distribution of Estate to 3rd World Country

Citibank has a small presence in the Philippines, it is a separate entity, and they don't have much presence outside of Manila. And Citibank just sold many of their banks to BDO a few weeks ago, which is the country's largest bank. Although that transaction is not yet completed. I was told the bran...
by RobInCT
Sun Dec 22, 2013 10:10 am
 
Forum: Personal Finance (Not Investing)
Topic: [Distribution of Estate to Heirs in the Philippines]
Replies: 25
Views: 1681

Re: Distribution of Estate to 3rd World Country

With respect, the suggestion that you would not send money to a bank account whose account number has been sent through email because you believe it is not secure indicates to me that you are extremely conservative about such things. I've sent my bank account number over email. Is it 100% secure? Of...
by RobInCT
Sun Dec 22, 2013 9:14 am
 
Forum: Personal Finance (Not Investing)
Topic: [Distribution of Estate to Heirs in the Philippines]
Replies: 25
Views: 1681

Re: Should I move to California from Midwest?

How old are the kids? If they young, you can always go out there, stay for a couple of years and then move back where you are (or somewhere else) if you don't love it. If the kids are older, that might be less than ideal. One consideration I haven't heard mentioned on this forum is how you think you...
by RobInCT
Sat Dec 21, 2013 11:46 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I move to California from Midwest?
Replies: 153
Views: 7638

Re: How to fight work place bullying

My SO works in HR. She suggests mentioning it to HR in the exit interview, but in a neutral and fact-based way rather than in a personal and/or accusatory one. "I'm leaving because I feel the position did not afford me the degree of independence and autonomy that I expected given my job title a...
by RobInCT
Sat Dec 21, 2013 11:11 am
 
Forum: Personal Finance (Not Investing)
Topic: How to fight work place bullying
Replies: 76
Views: 4740

Re: Using cash

I'm personally unfamiliar with any "horror stories" involving theft of credit card numbers of people who are reasonably on top of their finances (i.e. people who have a general sense of what's going on with their account, are comfortable calling credit card companies if needed, etc.). And ...
by RobInCT
Fri Dec 20, 2013 6:26 pm
 
Forum: Personal Consumer Issues
Topic: Using cash
Replies: 56
Views: 2824

Re: Bryn Mawr

In the professions in the USA it seems to be more important where the postgrad came from (JD, MBA, MD, Phd). Agreed, though don't underestimate the value of a blue-chip undergrad in gaining admissions to the blue-chip professional schools. Not to say it's impossible to go from anon State U to Whart...
by RobInCT
Thu Dec 19, 2013 11:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Bryn Mawr [College]
Replies: 68
Views: 3962

Re: Tipping Movers

I guess there is some chance this is a regional custom, but I would never consider not tipping movers. I would give $20 per mover for relatively simple moves, e.g. one-bedroom to and from an apartment with an elevator. I'd probably give more like $40 or $50 per guy if they were moving an entire hous...
by RobInCT
Thu Dec 19, 2013 10:32 am
 
Forum: Personal Consumer Issues
Topic: Tipping Movers
Replies: 41
Views: 1767

Re: Landlord/Tenant Issue

Over time, previous stains came to the surface of the carpet that were there prior to my residency. How is this possible? Over time, previous stains came to the surface of the carpet that were there prior to my residency. I never heard of this happening to a carpet...what process is at work with th...
by RobInCT
Wed Dec 18, 2013 6:22 pm
 
Forum: Personal Consumer Issues
Topic: Landlord/Tenant Issue
Replies: 25
Views: 1888

Re: Landlord/Tenant Issue

Lots of management companies make all sorts of unreasonable requests under the assumption that tenants are not informed and will not bother to inform themselves of the applicable legal rules. In large cities like New York, where it's a landlord's market, these requests often amount to little more th...
by RobInCT
Wed Dec 18, 2013 12:24 pm
 
Forum: Personal Consumer Issues
Topic: Landlord/Tenant Issue
Replies: 25
Views: 1888

Re: "Control my care;" and other alternatives to healthcare?

I don't want obamacare. I want the option to go to MD Anderson or Sloan Kettering, if one of us gets cancer God forbid. How does buying health insurance prevent you from going to MD Anderson or Sloan Kettering? :confused Foxnews just did a scare story on how top hospitals aren't participating in Ob...
by RobInCT
Sat Dec 14, 2013 9:19 pm
 
Forum: Personal Consumer Issues
Topic: "Control my care;" and other alternatives to healthcare?
Replies: 30
Views: 1844

Re: "Control my care;" and other alternatives to healthcare?

Sugar1 wrote:I don't want obamacare. I want the option to go to MD Anderson or Sloan Kettering, if one of us gets cancer God forbid.

How does buying health insurance prevent you from going to MD Anderson or Sloan Kettering? :confused
by RobInCT
Sat Dec 14, 2013 8:46 pm
 
Forum: Personal Consumer Issues
Topic: "Control my care;" and other alternatives to healthcare?
Replies: 30
Views: 1844

Re: "Control my care;" and other alternatives to healthcare?

One of the most significant cost savings to health insurance is the negotiated payment rates insurance companies have with health care providers. Several years ago I paid out-of-pocket for a medical treatment that was at the time not covered by my insurance plan. My company switched insurance provid...
by RobInCT
Sat Dec 14, 2013 6:59 pm
 
Forum: Personal Consumer Issues
Topic: "Control my care;" and other alternatives to healthcare?
Replies: 30
Views: 1844

Re: Help 37 y/o with only $4k in Retirement

Consider getting a master's degree as a way to earn more money now (and a higher pension later). Also, a part-time and/or summer job would provide some extra income as well as social security earnings.
by RobInCT
Thu Dec 12, 2013 3:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help 37 y/o with only $4k in Retirement
Replies: 17
Views: 2302

Re: physician 2.5 years out of training

I second what everyone else here says about paying off the debt. You make a high enough income that you don't have to sell anything--including the car--if you don't want to. However, avoiding new debt is key. When I was in graduate school I, too, thought of "opportunity cost" rather than p...
by RobInCT
Wed Dec 11, 2013 10:06 am
 
Forum: Investing - Help with Personal Investments
Topic: physician 2.5 years out of training
Replies: 71
Views: 6019

Re: How to respond to request for current salary in an inter

It really depends on the reason you don't want to give out that information. I've deflected by saying that my reasons for interviewing are less about salary and more about [desire for more responsibility, opportunity for advancement, desire to specialize, appeal of the company's business model, othe...
by RobInCT
Wed Dec 11, 2013 9:21 am
 
Forum: Personal Finance (Not Investing)
Topic: How to respond to request for current salary in an interview
Replies: 113
Views: 7224
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