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Re: Another Milestone

Most definitely. I have a portable pension and I use it. The value of the future income stream is still worth the NPV, even if you can't liquidate.
by tainted-meat
Thu Aug 28, 2014 10:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Another Milestone
Replies: 9
Views: 1318

Re: Savers vs. Spenders: Default Mode

I think it's hard for most people to save because most people just don't make that much money.

In my opinion, saving is more of a privilege than a norm.
by tainted-meat
Tue Aug 26, 2014 9:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Savers vs. Spenders: Default Mode
Replies: 34
Views: 2189

Re: Help with 401(a) choices for a new investor

The TIAA-CREF mid-cap index fund looks very appealing.
by tainted-meat
Tue Aug 26, 2014 9:01 am
 
Forum: Investing - Help with Personal Investments
Topic: Help with 401(a) choices for a new investor
Replies: 18
Views: 824

Re: Strategic Default

As others have mentioned, check to see if it is a non-recourse state.

The implications of defaulting on one's career can be enormous, but some employers may understand.

Good luck to your brother, that is a tough situation to be in and one many people found themselves in.
by tainted-meat
Fri Aug 15, 2014 10:28 am
 
Forum: Personal Finance (Not Investing)
Topic: Strategic Default [on a property]
Replies: 42
Views: 3074

Re: A few days in San Francisco - what to do?

Not sure what you like to do...

When I was there, I got a map and walked the city.
by tainted-meat
Wed Aug 06, 2014 12:51 pm
 
Forum: Personal Consumer Issues
Topic: A few days in San Francisco - what to do?
Replies: 9
Views: 668

Re: Stop Passing Up This Great Deal - In Money Magazine

For people not covered by a Traditional Defined Benefit Pension Plan it will be difficult to justify using the Roth 401k over the Traditional 401k in most cases where a person is filing as single or a dual-income married filing jointly situation. Any blip in employment creates opportunities for conv...
by tainted-meat
Sun Aug 03, 2014 6:05 pm
 
Forum: Investing - Theory, News & General
Topic: Stop Passing Up This Great Deal - In Money Magazine
Replies: 80
Views: 11085

Re: How old are you?

28 yrs
by tainted-meat
Wed Jul 30, 2014 10:05 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: How old are you?
Replies: 77
Views: 6600

Re: Sshwab vs. Vanguard for index funds

Schwab ETFs are good. Vanguard is good.

Can't really go wrong either way.

Good luck.
by tainted-meat
Sat Jul 26, 2014 11:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Sshwab vs. Vanguard for index funds
Replies: 15
Views: 1672

Re: FRS (Fl Ret Srv) Pension Option - Worth it?

I'd stay with the pension. $65,000 won't buy a retirement so I'd take the risk (and I think it's a small one) to stay in the FL retirement system.
by tainted-meat
Fri Jul 25, 2014 11:32 am
 
Forum: Investing - Help with Personal Investments
Topic: FRS (Fl Ret Srv) Pension Option - Worth it?
Replies: 10
Views: 728

Re: Will baby boomers retiring spell doom for the markets

International investors will quickly shore up any inefficiencies in the market caused by a mass sale of assets by baby boomers. We already see this in CA and NY and even Chicago real-estate markets where desirable properties are being snapped up by cash buyers from overseas. People (foreign or domes...
by tainted-meat
Tue Jul 22, 2014 9:06 am
 
Forum: Investing - Theory, News & General
Topic: Will baby boomers retiring spell doom for the markets
Replies: 45
Views: 5465

Re: New car - put extra $ towards current loan or save?

The Ford F-150 trucks look sharp; I'd sell the car and get one of those. I'd get one with the two doors in the back for easy hauling of the pets :D
by tainted-meat
Mon Jul 21, 2014 9:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: New car - put extra $ towards current loan or save?
Replies: 9
Views: 628

Re: Why does anyone use American Express?

The Fidelity AMEX has great rewards, although I believe it is managed by Bank of America.
by tainted-meat
Wed Jul 16, 2014 8:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why does anyone use American Express?
Replies: 146
Views: 24701

Re: Who else hates choosing a car?

The GMC Terrain or Ford Edge SUVs are nice.
by tainted-meat
Mon Jul 14, 2014 9:57 am
 
Forum: Personal Consumer Issues
Topic: Who else hates choosing a car?
Replies: 75
Views: 6584

Re: Thoughts on 100% stock allocation for 33 year old

I believe there is a hidden opportunity cost to owning bonds over stocks in the long-term.
by tainted-meat
Sun Jul 13, 2014 7:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Thoughts on 100% stock allocation for 33 year old
Replies: 85
Views: 6467

Re: 401k 100% contribution rate ???

FICA and Medicare taxes are deducted before the election amount.

For example purposes only:

Monthly Salary: $1000
FICA/Medicare: $100
401k Contribution @ 100% assuming no other deductions: $900
by tainted-meat
Tue Jul 08, 2014 11:09 am
 
Forum: Investing - Help with Personal Investments
Topic: 401k 100% contribution rate ???
Replies: 2
Views: 354

Re: Do I have too much in my 401k / Roth ? 33 single Male

Over 85% of my net worth is tied up in 401k/IRAs, so I don't see at as any problem.

I'm 28.
by tainted-meat
Sat Jul 05, 2014 10:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do I have too much in my 401k / Roth ? 33 single Male
Replies: 7
Views: 1195

Re: Just retired...any reason to move 401K to IRA?

I believe some states have better protection for 401ks against lawsuits that are not afforded to IRAs.
by tainted-meat
Fri Jul 04, 2014 12:04 pm
 
Forum: Investing - Theory, News & General
Topic: Just retired...any reason to move 401K to IRA?
Replies: 50
Views: 5098

Re: Am I on the right track at age 34?

Yes, you're doing great. Way better than most especially with that match.
by tainted-meat
Fri Jul 04, 2014 11:39 am
 
Forum: Investing - Help with Personal Investments
Topic: Am I on the right track at age 34?
Replies: 19
Views: 2351

Re: Adult child @ home

Legal eviction would probably end your marriage, as long as you're ok with that :shock:
by tainted-meat
Fri Jul 04, 2014 11:36 am
 
Forum: Personal Consumer Issues
Topic: Adult child @ home
Replies: 23
Views: 2167

Re: do you lie about your finances to friends

Instead of lying, why don't you tell them good practices to get above water.

I don't get why some folks are so weird about money???
by tainted-meat
Thu Jul 03, 2014 8:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: do you lie about your finances to friends
Replies: 103
Views: 9267

Re: Starting Retirement Investment in a Bull Market

Put it in emerging markets. Those have been battered the last few years.
by tainted-meat
Wed Jul 02, 2014 11:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Starting Retirement Investment in a Bull Market
Replies: 21
Views: 2052

Re: Should I go back?

I wouldn't go back. That is a very generous pension plan and sounds like you have a very good thing going at the state job with work/life balance. There's a reason you left, remember it :beer
by tainted-meat
Tue Jul 01, 2014 10:44 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I go back?
Replies: 32
Views: 3171

Re: Soccer - injury time?

Not a huge soccer fan, but you just have to accept it for what it is if you want to get any enjoyment out of it.

Trying to "Americanize" it just ruins the fun IMO.
by tainted-meat
Mon Jun 23, 2014 9:12 pm
 
Forum: Personal Consumer Issues
Topic: Soccer - injury time?
Replies: 49
Views: 2903

Re: How much $$ to change jobs?

The FERS pension and retiree healthcare alone is worth 20% of your salary, so no, I wouldn't take the private sector job. Also, I've seen friends with risk management positions be completely eliminated in other companies (although none that I have worked for). This is not a political or negative sta...
by tainted-meat
Thu Jun 19, 2014 11:22 am
 
Forum: Personal Finance (Not Investing)
Topic: How much $$ to change jobs?
Replies: 52
Views: 4210

Re: Am I crazy to pay down a 3% mortgage early?

Many threads on this...

Paying extra on a 3% loan is a bad idea in my opinion. You lose liquidity in return for a very low interest rate. That interest rate is basically the rate of inflation. If long-term investments don't pay more than 3% per year we are in big big trouble as a nation!
by tainted-meat
Tue Jun 10, 2014 4:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Am I crazy to pay down a 3% mortgage early?
Replies: 41
Views: 4564

Re: Questions about restricted stock units

I also work for Megacorp, and receive RSUs that vest over time. I receive exactly the treatment you describe. The vesting event counts as earned income on the day it vests, and all taxes (including FICA and Medicare) are withheld in the form of stocks. The remaining are deposited as regular stocks,...
by tainted-meat
Mon Jun 09, 2014 10:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Questions about restricted stock units
Replies: 15
Views: 595

Re: Should I move from Fidelity to Vanguard?

This is splitting hairs.
by tainted-meat
Mon Jun 09, 2014 10:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I move from Fidelity to Vanguard?
Replies: 44
Views: 3637

Re: Need help with my Landlord

Dang you keep it cold. I keep it @ 78 in the summer.
by tainted-meat
Fri Jun 06, 2014 10:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need help with my Landlord
Replies: 7
Views: 555

Re: Buying a home and cold feet!!

If you are going to be there for the forseeable future then I think you are fine. Just don't get into bidding wars.
by tainted-meat
Tue Jun 03, 2014 11:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying a home and cold feet!!
Replies: 35
Views: 2268

Re: Pursuing your calling in life at what cost?

It would be hard to walk away from that much cash, but you gotta know man. If you're ready to move on then you're ready to move on. Whatever you do, don't look back :beer
by tainted-meat
Tue May 27, 2014 3:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pursuing your calling in life at what cost?
Replies: 58
Views: 4614

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

I wouldn't marry anyone who wanted a pre-nup.

Either all in or all out is my philosophy with anything I do.
by tainted-meat
Mon May 26, 2014 12:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pre-nup at only $1M networth, do I need it?
Replies: 199
Views: 12661

Re: New Job - 401k not available now

HSA if eligible

Traditional IRA (which you have mentioned)
by tainted-meat
Fri May 23, 2014 3:27 pm
 
Forum: Investing - Theory, News & General
Topic: New Job - 401k not available now
Replies: 4
Views: 344

Re: Help me find Fidelity Freedom Index Funds on fidelity.co

I think they are only available for 401k type plans, not IRA or taxable to the retail customer.
by tainted-meat
Wed May 21, 2014 5:45 pm
 
Forum: Investing - Theory, News & General
Topic: Help me find Fidelity Freedom Index Funds on fidelity.com
Replies: 10
Views: 734

Re: Is now a bad time to invest?

Emerging markets have been lagging lately, might look into those. EEM and VWO (Emerging Markets ETFS) have a p/e of 11 right now while S&P 500 is around 17.
by tainted-meat
Tue May 20, 2014 10:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is now a bad time to invest?
Replies: 100
Views: 9475

Re: Mandatory 401k Plan Restatement For 1 Year Old Plan

I don't think it's fair to post private emails with the other party's name attached and then not include your own.
by tainted-meat
Mon May 19, 2014 10:07 am
 
Forum: Investing - Help with Personal Investments
Topic: Mandatory 401k Plan Restatement For 1 Year Old Plan
Replies: 18
Views: 1937

Re: Mary Rowland opposes bond funds?!

I can't say I disagree with her. I'm not a fan of bonds either and don't own any, nor will I for a long time, if ever.
by tainted-meat
Sun May 18, 2014 12:50 am
 
Forum: Investing - Theory, News & General
Topic: Mary Rowland opposes bond funds?!
Replies: 5
Views: 642

Re: Do I plan for NO Social Security

I would plan on social security. If you want to be safe plan for 70% of current benefits.

The goal isn't to die with a mountain of cash in my opinion. There is such a thing as being too conservative.
by tainted-meat
Sat May 17, 2014 2:00 pm
 
Forum: Investing - Theory, News & General
Topic: Do I plan for NO Social Security
Replies: 42
Views: 2883

Re: UCLA vs USC Decision [Which college to attend]

I think UCLA is well-respected and I'd go that route for the price difference.

Once you get the 1st job its up to you where you take it.
by tainted-meat
Thu May 15, 2014 9:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: UCLA vs USC Decision [Which college to attend]
Replies: 62
Views: 3716

Re: 529 Decision Help [Indiana]

Any reason you can't split the difference?
by tainted-meat
Thu May 15, 2014 9:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: 529 Decision Help [Indiana]
Replies: 16
Views: 518

Re: 529 Decision Help [Indiana]

If you feel comfortable with your retirement savings, then the 20% tax credit is very appealing and should be utilized.

With that said, don't sacrifice your retirement to fund a 529. Only do it if you can afford it.
by tainted-meat
Thu May 15, 2014 9:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: 529 Decision Help [Indiana]
Replies: 16
Views: 518

Re: next up: HSA or 401k post-match?

HSA just like the Wiki says.

You can also use for non-medical expenses at age 65 without penalty. Income taxes would apply, just like a traditional 401k.

Using a 401k before the HSA (assuming you have already met the match) is like paying a front-end load to FICA/Medicare.
by tainted-meat
Thu May 15, 2014 3:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: next up: HSA or 401k post-match?
Replies: 17
Views: 1196

Re: Need sounding board for inheritance

Time to retire! That's a mountain of money assuming you can cover current expenses on one income (really don't even need to save, just let your current fortune compound for the time being) while covering expenses with current income. No way I would continue working with that amount of cash if I didn...
by tainted-meat
Wed May 14, 2014 10:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need sounding board for inheritance
Replies: 29
Views: 2792

Re: Can I be a boglehead and join a golf club?

You can do it especially at your level of income and assets. Golf takes a lot of time, just make sure you don't get bored too soon. I wouldn't think twice about it if I really wanted to do it if I were in your position.
by tainted-meat
Sun May 11, 2014 10:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Can I be a boglehead and join a golf club?
Replies: 70
Views: 4609

Re: Career Path

It would be a tough business. You must sell in a very competitive environment with lots of sharks to survive.
by tainted-meat
Sun May 11, 2014 12:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Career Path [Working in insurance sector]
Replies: 10
Views: 868

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

I think that level of debt should be manageable on your income (although I realize that you are guessing about the total amount of debt and income). If you really think that she's the "one", I would talk to her about how to maximize her loan payments after she graduates to knock out the l...
by tainted-meat
Tue May 06, 2014 12:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I be worried about my girlfriend's debt?
Replies: 57
Views: 4846

Re: Ordering new blank checks

I second Designer Checks. They are really cheap. I bought about 4 boxes for like 15 bux a few years ago. I think I've used maybe 20 checks total so I should be good to go for a while.
by tainted-meat
Mon May 05, 2014 10:10 am
 
Forum: Personal Consumer Issues
Topic: Ordering new blank checks
Replies: 36
Views: 1925

Re: How much house can you afford to buy? When is it to much

Don't forget about taxes and insurance as well as maintenance costs. I personally would not want to put that much into a house but that's just me. I like to be mobile if necessary although I'd like to stay in KY long-term. You just never know what life throws at ya - better to be cash rich than hous...
by tainted-meat
Sat May 03, 2014 5:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much house can you afford to buy? When is it to much?
Replies: 34
Views: 4164

Re: Which compensation package to choose re. Social security

I'm confused as to how the bonus money would not be subject to paying FICA taxes.
by tainted-meat
Fri May 02, 2014 10:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Which compensation package to choose re. Social security?
Replies: 15
Views: 876

Re: Regret - Stock % too high in taxable, and too low in Rot

Too many gains in the taxable account? Sounds like a good problem to have...
by tainted-meat
Fri May 02, 2014 10:31 am
 
Forum: Investing - Help with Personal Investments
Topic: Regret - Stock % too high in taxable, and too low in Roths
Replies: 41
Views: 3109
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