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Re: To MBA or not MBA?

I was in a similar situation as you a few years back, I work for a F500 company and was exploring 3 MBA programs in the same market as you with costs ranging from $25 - $60. The lower end of the cost scale was an accredited school with a good program, but lacking a big name, the higher end was the U...
by Skinut
Thu Feb 20, 2014 6:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: To MBA or not MBA?
Replies: 57
Views: 4523

Re: Getting Married - Checklist? And Questions

I don't have much to add regarding the specifics of your financial situation, I think previous posters did a nice job. A few things I will add, maybe just things to think about if nothing else. First, here is where I am coming from. My parents are roughly 20 years apart, my father retired and led a ...
by Skinut
Thu Feb 20, 2014 6:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Getting Married - Checklist? And Questions
Replies: 21
Views: 1638

Re: Got a Favorite Credit Card? Thinking Penfed but open...

I am ready to close down our individual credit union Visas (a relic of our days when we were still checking out the other's spending habits), unless someone says we should keep them open. Do not close your old card, a large portion of your credit score is comprised of your credit history (thinking ...
by Skinut
Mon Dec 30, 2013 11:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Got a Favorite Credit Card? Thinking Penfed but open...
Replies: 27
Views: 2181

Re: Emergency Fund... 100% Cash or Invest Portion

I maintain an ER fund with a total amount similar to yours. Very recently I decided I will "invest" 15-20M in a combination of I-bonds and Penfed 5 year CD. I did 5M in I-bonds and 5M in a 5 year CD to start. Next year I will do another round of the same. This way I am not tying up 2/3s at...
by Skinut
Mon Dec 16, 2013 10:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Emergency Fund... 100% Cash or Invest Portion
Replies: 6
Views: 620

Re: [How to max assets for one spouse, other needs assistanc

Thank you all for the replies!

johnep - I appreciate you taking the time to provide an in-depth response, it is very helpful!
by Skinut
Fri Aug 09, 2013 10:44 am
 
Forum: Personal Finance (Not Investing)
Topic: [How to max assets for one spouse, other needs assistance?]
Replies: 12
Views: 1103

Re: [How to max assets for one spouse, other needs assistanc

Anyone else have any thoughts? If I need to add more info please let me know. Thanks!
by Skinut
Thu Aug 08, 2013 3:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: [How to max assets for one spouse, other needs assistance?]
Replies: 12
Views: 1103

Re: [How to max assets for one spouse, other needs assistanc

You did not post your state. This stuff is state dependent. State: Minnesota Is he a veteran? There is a program that offers nursing home assistance for vets: No I retitled your thread as it might give the wrong impression - to hide assets instead of asking for appropriate legal protection. If you ...
by Skinut
Wed Aug 07, 2013 8:42 am
 
Forum: Personal Finance (Not Investing)
Topic: [How to max assets for one spouse, other needs assistance?]
Replies: 12
Views: 1103

[How to max assets for one spouse, other needs assistance?]

This is an extremely stressful and complex situation, any advice on the below is greatly appreciated! My parents are 57 (mom) and 76 (dad), my dad is in treatment for alchoholism and may have some kind of mental disorder. He is having test done in the coming weeks to determine his condition, dependi...
by Skinut
Tue Aug 06, 2013 10:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: [How to max assets for one spouse, other needs assistance?]
Replies: 12
Views: 1103

Re: If you had a chance to remodel bath......

Doing it right now.... My hindsight views: - get quotes for everything before starting (as usual, add 50%, or double, you'll get a range of opinions) - before completely gutting, make sure you need to remove everything (pretty sure we removed sheet rock we didn't need to, which led to some of the is...
by Skinut
Tue Apr 23, 2013 12:54 pm
 
Forum: Personal Consumer Issues
Topic: If you had a chance to remodel bath......
Replies: 27
Views: 2184

Re: Why are you a boglehead ???

Working Class Family (although sometimes lived like upper middle class :shock: ) I had an older sibling who was terrible with money growing up, I always heard my parents talk about it, which made me want to save more (competition I guess). Although I was a saver compared to them, I still spent more ...
by Skinut
Mon Apr 22, 2013 9:40 am
 
Forum: Investing - Theory, News & General
Topic: Why are you a boglehead ???
Replies: 60
Views: 3636

Re: Trying To Decide how Much to Put in Roth 401k vs Traditi

I would not change a thing given 1) the amount of uncertainty in your future income and earnings situation; and 2) the fact that you are already hedging well between the pre-tax and Roth. It's possible that you may even want to consider adding more to Her pre-tax 401(k) on an annual basis before fi...
by Skinut
Fri Apr 19, 2013 11:53 am
 
Forum: Investing - Help with Personal Investments
Topic: Trying To Decide how Much to Put in Roth 401k vs Traditional
Replies: 5
Views: 506

Re: Goofed up; let it ride or sell at loss?

At least you can admit you made a mistake, many folks will not :shock: Do you have an IPS? Yes, then rebalance accordingly (if you have hit criteria indicating to do so) with the drop in gold (unless you want to change your target AA/IPS, then revert to the "No" portion) No, create an IPS ...
by Skinut
Fri Apr 19, 2013 9:07 am
 
Forum: Investing - Help with Personal Investments
Topic: Goofed up; let it ride or sell at loss?
Replies: 21
Views: 2811

Re: Dave Ramsey and 7%

7%, 3%, 12%, 20%..... who knows? Predicting returns over the next 30 years seems like trying to pick which asset classes will outperform others, good luck. Personally, I think 7% is too high, I tend to use 5% basis readings on the Wiki and various books from the reading list. The sad part is, people...
by Skinut
Thu Apr 18, 2013 5:08 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey and 7%
Replies: 46
Views: 8775

Re: Pay down debt vs. Investing vs. Saving for house

My question is how would one go about saving for the future? Would you start investing now or wait until all debts are paid? Would you keep things the way that they are and invest as well as save for a home? I feel like we are doing well, but want to stay ahead of the game. A few points: first, uti...
by Skinut
Thu Apr 18, 2013 4:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pay down debt vs. Investing vs. Saving for house
Replies: 7
Views: 1131

Re: Contradictory goals – buy low vs. portfolio appreciation

greg24 wrote:When the market is up, I'm happy that my portfolio is up.

When the market is down, I'm happy that my next purchase will buy more shares.


This is a great way to think about it, I might need to pin this to my wall as a reminder on RBDs or market highs. Thanks :beer
by Skinut
Wed Apr 17, 2013 4:15 pm
 
Forum: Investing - Theory, News & General
Topic: Contradictory goals – buy low vs. portfolio appreciation
Replies: 16
Views: 1087

Re: Contradictory goals – buy low vs. portfolio appreciation

I think Mr. Bernstein means, IF there is a bear market when you are a young investor, it's a good thing. You can't control whether there is or is not though. I don't believe he means that you should WAIT for a bear market. I agree, for me, seeing my portfolio rise and getting close to one of my int...
by Skinut
Wed Apr 17, 2013 2:22 pm
 
Forum: Investing - Theory, News & General
Topic: Contradictory goals – buy low vs. portfolio appreciation
Replies: 16
Views: 1087

Contradictory goals – buy low vs. portfolio appreciation

Recently read the Four Pillars of Investing (outstanding by the way) and The Intelligent Asset Allocator. Bernstein talks about how someone in the early stages of investing (20s and 30s) should hope for a bear market (low prices) to accumulate lots of shares on “sale”. Makes perfect sense to me, wis...
by Skinut
Wed Apr 17, 2013 2:03 pm
 
Forum: Investing - Theory, News & General
Topic: Contradictory goals – buy low vs. portfolio appreciation
Replies: 16
Views: 1087

Re: Investing Input

There is nothing wrong with spreading the money around as you've detailed in the OP. Given your current occupation and relative job security (from what I know of physicians and military careers), I don't see anything wrong with enjoying some of the "extra" cash now, as long as you balance ...
by Skinut
Fri Apr 12, 2013 2:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing Input
Replies: 3
Views: 341

Re: Can the average investor make money in real estate?

Edit: the only way you'd be fooling yourself is if your costs are much higher. For instance, we could have bought a great condo for the price we paid for our two unit. Instead, we got a reasonable mortgage that we could pay with or without the renter, and the renters payment was just extra. My poin...
by Skinut
Mon Apr 08, 2013 4:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can the average investor make money in real estate?
Replies: 50
Views: 5012

Re: Investment/Portfolio Question

I agree with Patrick's recommendation to use the PIMCO Total Return Fund. Does your wife have access to a 401k? If so, what are her options? Here is a link to the wiki and some thoughts around poor 401k options (scroll down to the section titled "expensive or mediocore choices), there is also a...
by Skinut
Mon Apr 08, 2013 10:59 am
 
Forum: Investing - Help with Personal Investments
Topic: Investment/Portfolio Question
Replies: 11
Views: 1184

Re: Investment/Portfolio Question

What options do you have in your 401k and her 401k? You mentioned your $14k invested in taxable each year is for retirement, unless both 401k's have terrible options I would look into putting the entire amount into one or both 401k's.

Tax advantaged space is use it or lose it...
by Skinut
Fri Apr 05, 2013 1:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investment/Portfolio Question
Replies: 11
Views: 1184

Re: Yet another Ameriprise customer...

I believe Warren Buffet said something along the lines of, don't buy something you don't understand... A former Ameriprise client myself, I sat in your chair and looked at the charts on the screen and never fully understood the performance numbers or the fees. Fast forward 1 year, I've read many pag...
by Skinut
Fri Mar 29, 2013 3:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Yet another Ameriprise customer... [Wrap acc't, performance]
Replies: 27
Views: 2900

Re: How do you set your saving goals and find a balance?

This is a good thread, thanks BuckyBadger for starting it. In similar camp to some, but well behind others :shock: , we maximize our tax deferred accounts (401k, Roth IRA, HSA - no ibonds yet), anything above that is for living. DW wants to upgrade current house and someday buy a bigger one, so that...
by Skinut
Thu Mar 28, 2013 2:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: How do you set your saving goals and find a balance?
Replies: 40
Views: 2583

Re: DFA - again - DFLVX Kills Vanguard - Pay admission?

So you are comparing DFAs Small Cap fund to Vanguards Large Cap Value fund?

Why not compare to VGs Small Cap funds?

Vanguard Small-Cap Value Index Fund (VISVX)
Vanguard Small-Cap Index Fund Investor Shares (NAESX)
by Skinut
Wed Mar 27, 2013 5:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: DFA - again - DFLVX Kills Vanguard - Pay admission?
Replies: 30
Views: 3323

Re: [POLL] Are zillow price estimates accurate for your home

Within 5%.

I had my house appraised within the last 6 months for a refi, the Zillow estimate is within 2% of the appraised value, pretty good...
by Skinut
Mon Mar 25, 2013 5:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: [POLL] Are zillow price estimates accurate for your home?
Replies: 62
Views: 5489

Re: Clueless- Need Investment Advice

NYC4884 wrote:I do have a Roth IRA but can not contribute based off current income.


You might want to explore a Backdoor Roth, from the OP it appears you do not have any other IRAs that would prohibit you from doing one.

http://www.bogleheads.org/wiki/Backdoor_Roth_IRA
by Skinut
Thu Mar 21, 2013 9:52 am
 
Forum: Investing - Help with Personal Investments
Topic: Clueless- Need Investment Advice
Replies: 10
Views: 743

Re: What's your number? Why?

I haven't determined my number yet, so I'd like to ask a related question. Is it worth it for investors in the 25-35 age range to go through the exercise or trying to come up with a number given the huge uncertanties involved? My current strategy is just to save as much as I can. Not a bad strategy...
by Skinut
Thu Mar 07, 2013 12:06 pm
 
Forum: Investing - Theory, News & General
Topic: What's your number? Why?
Replies: 258
Views: 21224

Re: What's your number? Why?

I don't have a number. My approach is to maximize tax defered retirement vehicles every year until retirement (planning for 25 years from now), that currently adds up to $46,000/year for 401k & Roth IRA for spouse and I. At an estimated 5% return not adjusted for inflation that will put me somew...
by Skinut
Thu Mar 07, 2013 11:33 am
 
Forum: Investing - Theory, News & General
Topic: What's your number? Why?
Replies: 258
Views: 21224

Re: Poll - will you buy Vanguard's new international bond fu

No. Adds complexity when I'm trying to reduce my funds and add simplicity. I also read some posts by Rick F, they helped sway my decision.
by Skinut
Wed Mar 06, 2013 5:02 pm
 
Forum: Investing - Theory, News & General
Topic: Poll - will you buy Vanguard's new international bond funds?
Replies: 33
Views: 3061

Re: Emergency Fund - Lifestyle fund or living expense fund?

I selected living expense fund 12+ months, but the situation would likely dictate how it was actually used. If spouse and I both lost our jobs and the outlook was grim, living only. If I lose my job, they still have thiers and I've got good prospects on the horizon, Starbucks it is...
by Skinut
Wed Mar 06, 2013 2:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Emergency Fund - Lifestyle fund or living expense fund?
Replies: 16
Views: 1764

Re: I need MAJOR help to decide what to do, Asset Allocation

Emergency funds: $20,000 (equates to 10 months expenses) (also goes towards saving for a down payment) Be careful mixing these funds. Before you start looking at places to buy, decide exactly how much you will keep for your emergency fund, then use the rest for a down payment. Whatever your budget ...
by Skinut
Tue Mar 05, 2013 6:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: I need major help to decide what to do, Asset Allocation
Replies: 4
Views: 542

Re: Saving money on Smarphones

Straight Talk through Walmart (yeah yeah, it took me a while to get over this). You can use a variety of phones (read up on the website or forums first). It is $45/month for unlimited everything per phone, you can also pay for 3,6, or 12 month periods and the rate is reduced. My phone runs on AT&...
by Skinut
Tue Mar 05, 2013 6:23 pm
 
Forum: Personal Consumer Issues
Topic: Saving money on Smarphones
Replies: 21
Views: 1473

Re: 401(k): Are Self-Directed Brokerage Accounts a good idea

Good idea for bogleheads and people who know what they are doing. Bad idea for people who try to beat the market by picking individual stocks or leveraged ETFs.
by Skinut
Tue Mar 05, 2013 10:21 am
 
Forum: Personal Finance (Not Investing)
Topic: 401(k): Are Self-Directed Brokerage Accounts a good idea?
Replies: 23
Views: 1436

Re: EE/I-Bonds vs Taxable Investing after Maxing Out 401k/IR

Thanks for posting this question, I've been wondering the same and it's great to see the various viewpoints. I also like the idea of spreading among the various options, it gives you the ability to adapt if needed while still saving above your "standard tax efficient options". Looking forw...
by Skinut
Fri Feb 22, 2013 3:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: EE/I-Bonds vs Taxable Investing after Maxing Out 401k/IRA
Replies: 25
Views: 1792

Re: Would paying off our mortgage be wise?

The reason we're going with an advisor to help us get back in the game is because we just need someone to give us a plan that we can just pull the trigger on. Relying on ourselves clearly has not worked in the past. You sound like a smart person (you found this site, are taking peoples advice to he...
by Skinut
Fri Jan 04, 2013 5:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Would paying off our mortgage be wise?
Replies: 31
Views: 2222

Re: Tempur-Pedic mattresses

I'll add to the positive comments you've received from others. I have a Cloud model in a king, it is great, yes it was expensive, but my justification came from the fact that I'll spend roughly 1/3 of everyday in it, which is far less than what I spend in my car, yet I payed considerably more for th...
by Skinut
Wed Dec 19, 2012 11:16 am
 
Forum: Personal Consumer Issues
Topic: Tempur-Pedic mattresses
Replies: 64
Views: 5855

Re: What triggered you?

I was reading articles on Flipboard one night (usually a waste of time), and stumbled on an article Rick Ferri wrote that mentioned Bogleheads. I found the site, explored it for a weeks, and read the book. This prompted me to sell my individual stocks, pull my money from Ameriprise, and create a low...
by Skinut
Fri Oct 19, 2012 3:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: What triggered you?
Replies: 76
Views: 4999

Re: House purchased with fiance, now married, paperwork chan

Thanks for the responses everyone! I will look into the "Tenants by the Entirety"
by Skinut
Thu Oct 11, 2012 9:59 am
 
Forum: Personal Finance (Not Investing)
Topic: House purchased with fiance, now married, paperwork changes?
Replies: 7
Views: 781

Re: Backdoor Roth question

That is correct, he would owe taxes (if any) on the earnings of the $5,000 before he converts, but otherwise, that's how it works. The 401k is treated seperate from the backdoor roth. If you already have assets in a regular IRA, I believe things become more complicated. Link to Wiki: http://www.bogl...
by Skinut
Wed Oct 10, 2012 4:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth question
Replies: 4
Views: 386

House purchased with fiance, now married, paperwork changes?

A few months back, my fiance and I purchased a house. Everything has both our names on it (deed, property taxes, etc). Now we are married, do we need to have the original paperwork updated from her maiden name to new last name?

Thanks! :beer
by Skinut
Wed Oct 10, 2012 4:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: House purchased with fiance, now married, paperwork changes?
Replies: 7
Views: 781

Re: List of investment info for my wife should I kick the bu

Nice work, you're a better person than me. Mine just has columns with what it is, where, rough balance, account #, and phone #. I think this is one of those things that many people think about doing, but never get around to. Don't forget about life insurance policies, mortgage, etc. Anything finanac...
by Skinut
Wed Sep 26, 2012 5:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: List of investment info for my wife should I kick the bucket
Replies: 46
Views: 3391

Re: Your Best One Line of Wisdom

If you don't do it this year, you'll be one year older when you do.
by Skinut
Thu Aug 09, 2012 1:13 pm
 
Forum: Investing - Theory, News & General
Topic: Your Best One Line of Wisdom
Replies: 238
Views: 15073

Re: Thank You Bogleheads

If everyone who has taken something away from this site posts their "Thank You" here, this will be the longest thread ever... With that said, I also want to say Thank You! to everyone here, especially the founders, you have provided an outstanding resource for people looking for an honest ...
by Skinut
Thu Aug 09, 2012 9:08 am
 
Forum: Forum Issues and Administration
Topic: Thank You Bogleheads
Replies: 11
Views: 1614

Re: Another student loan vs 401k/Roth question.

I think you should continue to max out your 401K and Roth while paying down your 6.8% interest loans as quickly as you can. The point is not to beat 6.8% interest in your retirement accounts, but to preserve the tax advantaged space for the future and lower your currently high income tax liability....
by Skinut
Wed Aug 08, 2012 12:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Another student loan vs 401k/Roth question.
Replies: 16
Views: 1234

Re: Question about my Vanguard fund performance. Real life c

[/quote]Question for you: If you lose 50% on your investment, how much does it have to gain from that point in order for you to break even?[/quote]

100%
by Skinut
Tue Aug 07, 2012 10:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Question about my Vanguard fund performance. Real life case
Replies: 19
Views: 1061

Re: I just don't get it..........

People who drive around a parking lot for 5 minutes looking for the closest spot, then get home and go for a walk...
by Skinut
Tue Aug 07, 2012 4:14 pm
 
Forum: Personal Consumer Issues
Topic: I just don't get it..........
Replies: 10
Views: 1161

Re: Have you ever Taught Part-Time at a Community College?

No, what kind of class are looking to teach?

Has anyone taught any boglehead type personal finance classes?
by Skinut
Mon Aug 06, 2012 5:26 pm
 
Forum: Personal Consumer Issues
Topic: Have you ever Taught Part-Time at a Community College?
Replies: 16
Views: 2239

Re: What Book Are You Currently Reading? Part V

Unbroken: A World War II Story of Survival, Resilience, and Redemption ~ Laura Hillenbrand

This book is outstanding! It is a true story and the writing is superb.
by Skinut
Tue Jul 31, 2012 10:51 am
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part V
Replies: 2642
Views: 604613

Re: Please help me organize my finances

It's obvious that $12k per year can't accomplish all this. The good news is that we're flexible on the timing of all this and we're hoping to grow our income relatively quickly here in the beginning of our careers. My question is what to do with the money we are able to save. Should we be saving le...
by Skinut
Tue Jul 31, 2012 10:49 am
 
Forum: Investing - Help with Personal Investments
Topic: Please help me organize my finances
Replies: 15
Views: 1579

Re: Lump Sum vs DCA when exchanging funds in a 401k

I would just move it and be done. +1 I moved all my accounts around a while back to get to a "rough 3 fund portfolio". I had most of my money out of the market for a day or two :shock: Sure the market moved a little, but when you think of all the :moneybag you'll save on expense ratios an...
by Skinut
Wed Jul 25, 2012 2:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Lump Sum vs DCA when exchanging funds in a 401k
Replies: 9
Views: 724
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