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Re: Lost a lot in stocks and starting fresh: Please Help

I don't think you should pay off the 0% credit card debt right now. I think you should put everything towards savings/emergency fund and then pay the 0% credit card debt as a lump sum out of the savings/emergency fund right before the interest rates reset. Reason? 1) You can earn a small amount int...
by RobInCT
Wed Jul 23, 2014 6:43 am
 
Forum: Personal Finance (Not Investing)
Topic: Lost a lot in stocks and starting fresh: Please Help
Replies: 90
Views: 11853

Re: Beneficiaries

As for the original question, picking beneficiaries, primary is 100% to wife, secondary is 100% divided equally among all children. You have to trust your wife (or the chosen guardian) to raise the kids when you can't. And, you don't want to list the names of the children as beneficiaries; if/when ...
by RobInCT
Tue Jul 22, 2014 8:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Beneficiaries
Replies: 23
Views: 1289

Re: Lost a lot in stocks and starting fresh: Please Help

You have repeatedly expressed your pride in helping your sister and brother. If you were the only one impacted, I'd commend your noble impulses. However, I don't see anything in your comments about whether your wife is as proud of this as you are. Do her opinions on matters of this type matter to y...
by RobInCT
Tue Jul 22, 2014 8:03 am
 
Forum: Personal Finance (Not Investing)
Topic: Lost a lot in stocks and starting fresh: Please Help
Replies: 90
Views: 11853

Re: SAT preparation

A truly intelligent person will learn how to overcome limitations and succeed no matter the test format. With respect, this statement is virtually meaningless in the context of the SAT where students are ranked against each other and the student is being measured against other "truly intellige...
by RobInCT
Sun Jul 13, 2014 3:58 pm
 
Forum: Personal Consumer Issues
Topic: SAT preparation
Replies: 30
Views: 2259

Re: SAT preparation

Have her take a practice test. See if she's happy with the score and whether that score will get her where she needs to go. If it won't, consider coaching. If your concern about coaching is the cost tell her that you will consider it if she shows you she's serious about wanting to improve by doing a...
by RobInCT
Sun Jul 13, 2014 2:00 pm
 
Forum: Personal Consumer Issues
Topic: SAT preparation
Replies: 30
Views: 2259

Re: High end purses

My SO has a job where a $10 Wal-Mart purse would not be work-appropriate. Some industries have different dress codes than other industries. You could argue that a) SO is wrong and no one notices or cares what she's carrying, b) even if people do notice or care, if she's a good enough employee they'...
by RobInCT
Sun Jul 13, 2014 1:52 pm
 
Forum: Personal Consumer Issues
Topic: High end purses
Replies: 119
Views: 10493

Re: High end purses

My SO has a job where a $10 Wal-Mart purse would not be work-appropriate. Some industries have different dress codes than other industries. You could argue that a) SO is wrong and no one notices or cares what she's carrying, b) even if people do notice or care, if she's a good enough employee they'l...
by RobInCT
Sun Jul 13, 2014 12:52 pm
 
Forum: Personal Consumer Issues
Topic: High end purses
Replies: 119
Views: 10493

Re: Investing To Buy A House

It's not exactly recommended around her, but my ideal timeline for buying a house is about 2-3 years, and my downpayment is in 1/3 total stock market, 1/3 intermediate term tax-exempt bonds, 1/3 cash. It's been that way for a couple of years. I realize this is more risk than most on this board would...
by RobInCT
Sun Jul 13, 2014 11:02 am
 
Forum: Investing - Help with Personal Investments
Topic: Investing To Buy A House
Replies: 13
Views: 1273

Re: Variable vs. Fixed Rate Student Loan

Keep at 3%. If rates go up to 5%+, pay off early using money saved for house downpayment.
by RobInCT
Fri Jul 04, 2014 12:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Variable vs. Fixed Rate Student Loan
Replies: 7
Views: 638

Re: Adult child @ home

I would not handle the situation by asking the adult daughter to pay bills without first consulting with your wife. Step 1: Get on same page with wife. Step 2: Figure out what to do based on whatever the joint resolution is of step 1.
by RobInCT
Fri Jul 04, 2014 9:25 am
 
Forum: Personal Consumer Issues
Topic: Adult child @ home
Replies: 23
Views: 2144

Re: Budget for charitable giving

I've recently been increasing my charitable giving too. One way I've done it is when I'm asked for money by someone I know for some Charitable event (running a marathon, biking event, walk etc) if it's a good cause, I donate 4-5x what I used to do. So where I used to give the co-worker $20 for thei...
by RobInCT
Wed Jun 11, 2014 9:12 am
 
Forum: Personal Consumer Issues
Topic: Budget for charitable giving
Replies: 39
Views: 2593

Re: How To Encourage A Young (Sensitive) Child In Sports

What sort of "coaching" are 6 year olds getting? I thought sports at that age were about learning listening skills, good sportsmanship, and very basic rules of a game? Please don't be a psycho. Congratulate him when he listens to instructions, puts on his uniform without being reminded, or...
by RobInCT
Wed Jun 11, 2014 8:50 am
 
Forum: Personal Consumer Issues
Topic: How To Encourage A Young (Sensitive) Child In Sports
Replies: 115
Views: 5439

Re: Pre-nup at only $1M networth, do I need it?

I think this is a relationship question and not a finance question. I make considerably more than my long-term girlfriend. We're both single, never been married, no kids (yet). If we ever decide to marry, I would not ask for a pre-nup. The only situation in which I would consider a pre-nup is one i...
by RobInCT
Sun Jun 01, 2014 4:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pre-nup at only $1M networth, do I need it?
Replies: 199
Views: 12456

Re: Budget for charitable giving

Do charities generally invest their money and live off the proceeds? Or do they just keep having to fund-raise and never become (financially) independent? In the United States, at least, there are fairly complicated laws governing how not-for-profits can spend their money. I believe in most circums...
by RobInCT
Sun Jun 01, 2014 3:56 pm
 
Forum: Personal Consumer Issues
Topic: Budget for charitable giving
Replies: 39
Views: 2593

Re: Pre-nup at only $1M networth, do I need it?

I think this is a relationship question and not a finance question. I make considerably more than my long-term girlfriend. We're both single, never been married, no kids (yet). If we ever decide to marry, I would not ask for a pre-nup. The only situation in which I would consider a pre-nup is one in...
by RobInCT
Sun Jun 01, 2014 3:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pre-nup at only $1M networth, do I need it?
Replies: 199
Views: 12456

Re: Budget for charitable giving

I agree with starting with issues that are important to you or with which you have a personal connection. For example, I live in a city with a significant homelessness problem, and I feel bad about never giving money to people asking for it in the street, so I donate to a local charity that helps ho...
by RobInCT
Sat May 31, 2014 9:19 pm
 
Forum: Personal Consumer Issues
Topic: Budget for charitable giving
Replies: 39
Views: 2593

Re: Cash Advance on a credit card

Cash advances almost always come with withdrawal fees, do not earn rewards, and start accruing interest immediately. Walk into the bank, fill out a withdrawal slip and hand it to the teller. Unless your bank charges you to go inside, I see no reason to make 5 ATM withdrawals over a 5 day period.
by RobInCT
Sat May 10, 2014 2:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cash Advance on a credit card
Replies: 21
Views: 1464

Re: Are Tornado Shelters Worth the Cost?

Are you friendly with your next-door neighbors? Maybe you could buy one big enough for both families and share the cost. Give both families keys.
by RobInCT
Sat May 10, 2014 2:41 pm
 
Forum: Personal Consumer Issues
Topic: Are Tornado Shelters Worth the Cost?
Replies: 52
Views: 3671

Re: Anyway around apartment lease rip off?

The student needs to check the rental laws in his area. In some areas, the landlord has a duty to mitigate (i.e. try to find someone to take the apartment for the month the student is currently responsible for it) and can only charge the renter for actual damages (i.e. the amount of time the apartme...
by RobInCT
Sat May 10, 2014 2:35 pm
 
Forum: Personal Consumer Issues
Topic: Anyway around apartment lease rip off?
Replies: 30
Views: 1791

Re: Should I be worried about my girlfriend's debt?

To me it sounds like OP is trying to have it both ways. On one hand he wants to insist he has no responsibility for any of his girlfriend's debt until they get married (perfectly okay), but on the other hand he seems to feel like he has a right to dictate/manage how she deals with the debt he discla...
by RobInCT
Wed May 07, 2014 6:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I be worried about my girlfriend's debt?
Replies: 57
Views: 4794

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: 545

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: 5936

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: 1957

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: 1059

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: 1094

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: 1094

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: 4383

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: 1094

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: 1094

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: 1917

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: 1027

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: 447

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: 3062

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: 2678

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: 2678

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: 15655

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: 6066

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: 408

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: 6066

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: 2651

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: 912

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: 1101

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: 5761

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: 5761

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: 152
Views: 11960

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: 1057

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: 5333

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: 2909
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