Search found 396 matches

by TSR
Fri Aug 28, 2015 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Dear In-Laws: Less toys, more 529
Replies: 65
Views: 5510

Re: Dear In-Laws: Less toys, more 529

One popular way to limit the gifts is to create an Amazon wishlist for the kids and then keep it SMALL -- you can even talk to the kids about what they want to put on the wishlist, but limit them to a certain number of items. Any time the grandparents give a gift that isn't on the wishlist, you can ...
by TSR
Thu Aug 27, 2015 11:15 am
Forum: Investing - Help with Personal Investments
Topic: Was about to change from 100% equity to 80%. Now what?
Replies: 71
Views: 7312

Re: Was about to change from 100% equity to 80%. Now what?

...Interestingly the more I refine my model the closer it converges to the Bogle portfolio of 65 TSM / 35 TBM. And he only had a B.A. ... Most of your learning will take place after you get out of academia. Real learning or "learning"? Most of what the popular media writes about economics...
by TSR
Sat Aug 15, 2015 5:23 pm
Forum: Personal Consumer Issues
Topic: "If your bank knew you did this they'd freak!"
Replies: 22
Views: 5766

Re: "If your bank knew you did this they'd freak!"

OK I couldn't resist. I clicked. I've wondered about that darn ad too, especially since I work at a bank. There's a box at the top of the article with the Amerivalue "tool" under a picture of the Capitol building which says: "When homeowners visit The Amerivalue Site™ official websit...
by TSR
Fri Aug 14, 2015 4:01 pm
Forum: Investing - Theory, News & General
Topic: When do you notice the compounding at work?
Replies: 52
Views: 7336

Re: When do you notice the compounding at work?

I check way too frequently (pretty much daily), but I don't take any action. For me -- with only a little more saved than you -- the relevant transition was where a bad day or good day in the market easily changed the fourth digit (the "thousand" digit), going from, say, $200,000 to $202,0...
by TSR
Thu Aug 13, 2015 1:27 pm
Forum: Investing - Help with Personal Investments
Topic: 4 Target Date Retirement Funds
Replies: 12
Views: 1469

Re: 4 Target Date Retirement Funds

Yeah, the 3 hold the same Target Date of 2055. Just one fund in each portfolio all managed and balanced. Vanguard seems to have all beat with rock bottom ER. No stress trying to beat the market. Let it roll and compile with average returns. Probably toss the VG HealthCare ETF some cash. Its been on...
by TSR
Thu Aug 13, 2015 9:28 am
Forum: Personal Consumer Issues
Topic: "If your bank knew you did this they'd freak!"
Replies: 22
Views: 5766

Re: "If your bank knew you did this they'd freak!"

It looks to be an ad from a mortgage broker promoting HARP refinancing loans. Ron Well, that's slightly disappointing, but I appreciate your doing the research. And Nisiprius, I had forgotten about the many "Obama's new mortgage plan" links -- that might have helped answer the question, d...
by TSR
Wed Aug 12, 2015 3:45 pm
Forum: Personal Consumer Issues
Topic: "If your bank knew you did this they'd freak!"
Replies: 22
Views: 5766

Re: "If your bank knew you did this they'd freak!"

What possible advice could they have that would upset a bank? Banks have a large number of house loans. Every day houses are sold and loans are paid in full. Every day someone decides to go ahead and pay off the house with their savings. Some people just make the occasional principle only payment. ...
by TSR
Wed Aug 12, 2015 2:55 pm
Forum: Personal Consumer Issues
Topic: "If your bank knew you did this they'd freak!"
Replies: 22
Views: 5766

"If your bank knew you did this they'd freak!"

Does anyone know what those ridiculous click-bait ads about "one simple trick to paying off your mortgage" are actually selling? I've seen variations on these ads including making your bank "freak," being thought up by someone on Shark Tank (I'm guessing this is an, ahem, unlicen...
by TSR
Tue Aug 11, 2015 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: Stubborn family members...take a look at this one!
Replies: 20
Views: 2802

Re: Stubborn family members...take a look at this one!

I'm not as hands-off as some people are here. I do recognize when people don't want advice, but I think you can take a gentle approach that will not make people feel like idiots (assuming you are capable of that -- some very decent people still have trouble communicating things like that without sou...
by TSR
Tue Aug 11, 2015 11:16 am
Forum: Investing - Help with Personal Investments
Topic: Pay off Student Loan or Invest in Taxable
Replies: 11
Views: 885

Re: Pay off Student Loan or Invest in Taxable

I'd probably pay it off just to get rid of the extra monthly payment. As mentioned above, neither choice you make is going to have a strong impact on your finances one way or another, but I think I'd rather have the feeling of being "debt free" than have the feeling of "another $8,000...
by TSR
Fri Aug 07, 2015 3:00 pm
Forum: Investing - Help with Personal Investments
Topic: Help with TSP (choosing which funds to use)
Replies: 10
Views: 629

Re: Help with TSP (choosing which funds to use)

Agreed on L2050. This is the simplest and best approach, especially for someone like you who probably doesn't have a bunch of other investment funds out there that you'd need to coordinate this with. Set it and forget it.
by TSR
Mon Jul 20, 2015 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: losing money on a house....how do Bogleheads deal with it emotionally?
Replies: 76
Views: 6404

Re: losing money on a house....how do Bogleheads deal with it emotionally?

Here is the method I used when I sold mine at a loss. Take the dollar amount of loss and divide it by the number of months you've lived in the house. That is roughly the amount you paid in rent to live in the house. It's actually a little better than this. You can deduct another 25% of the average ...
by TSR
Mon Jul 20, 2015 2:54 pm
Forum: Investing - Theory, News & General
Topic: Is the market nearing a new high?
Replies: 58
Views: 6311

Re: Is the market nearing a new high?

The market is nearing an all-time high. Time to be cautious. A big correction is badly needed. It's hard to predict the future. Note the date when this thread was started. Market is at 2130 today. Sorry for the necro, but it does illustrate a fair point - people were quite certain that at S&P 1...
by TSR
Mon Jul 20, 2015 2:52 pm
Forum: Personal Consumer Issues
Topic: Wedding Reception
Replies: 68
Views: 8706

Re: Wedding Receiption

Yeah, or go simpler and just offer one signature cocktail to keep liquor costs down, all pre-batched, not a cash bar. Might I recommend a nice Two-One-Two? Easy and delicious:

http://www.seriouseats.com/recipes/2011 ... ecipe.html
by TSR
Mon Jul 20, 2015 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Today I paid off my law-school student loans
Replies: 37
Views: 4107

Re: Today I paid off my law-school student loans

Thanks again to everyone for the kind words. It means a lot. For some reason the email notifications of replies stopped, so please don't take offense if I didn't respond to anyone. Very glad to hear that a lot of people are on the same path -- this is a great site for that.
by TSR
Fri Jul 17, 2015 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Today I paid off my law-school student loans
Replies: 37
Views: 4107

Re: Today I paid off my law-school student loans

Congratulations OP! I'm a regular reader, but only a once or twice poster here - but I had to jump in to share my congratulations, especially as I somewhat took the road not travelled by you. I'm also an attorney, ten years out of school. However, I have got married during school and have had three...
by TSR
Fri Jul 17, 2015 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Today I paid off my law-school student loans
Replies: 37
Views: 4107

Re: Today I paid off my law-school student loans

TSR - Congratulations and you should feel very proud! HOW did you do it? Thanks! I left this out just because my post was already too long, but since you asked... My loans were divided as such (all numbers approximate due to memory lapses): 1. Government Grad Plus loan -- $12,000 at 8.9% fixed ($25...
by TSR
Fri Jul 17, 2015 10:19 am
Forum: Investing - Theory, News & General
Topic: Emergency boglehead evangelist kit?
Replies: 19
Views: 2128

Re: Emergency boglehead evangelist kit?

The only times I've been able to evangelize regarding the BH mindset were when I showed someone these videos:

http://www.bogleheads.org/wiki/Video:Bo ... philosophy
by TSR
Fri Jul 17, 2015 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Today I paid off my law-school student loans
Replies: 37
Views: 4107

Re: Today I paid off my law-school student loans

I am a eliminating this debt just a little bit less than eight years into repayment. The total amount was around $100,000. While this feels like a lot in total, it took longer than it should have given the fact that I never really made below $100,000/year after law school. Here is some further discu...
by TSR
Fri Jul 17, 2015 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Today I paid off my law-school student loans
Replies: 37
Views: 4107

Today I paid off my law-school student loans

Friends, today I paid off the last of my approximately $100,000 in law-school loans, and my only remaining debt is my mortgage. It has been too long a road, but I’m really happy about being done with it. This is just one of those bragging posts shouted out to the anonymous void. I wanted to tell som...
by TSR
Wed Jul 15, 2015 1:43 pm
Forum: Personal Consumer Issues
Topic: The " Corolla" investment....
Replies: 51
Views: 5808

Re: The " Corolla" investment....

Saying a silent prayer over my 2006 Accord right now. Thanks for the post!
by TSR
Tue Jul 14, 2015 2:24 pm
Forum: Investing - Theory, News & General
Topic: best gift for young child just for contributing once and burying
Replies: 11
Views: 1021

Re: best gift for young child just for contributing once and burying

You seem to be looking for funds, so this may be off topic, but if you take that $1,000 to a very nice liquor store and ask for an assortment of red wine that is likely to hold and/or increase its value, you could buy a very fine case of wine that would likely appreciate fantastically in 20 years an...
by TSR
Fri Jul 10, 2015 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Whole life insurance
Replies: 10
Views: 838

Re: Whole life insurance

I have maxed out all my tax deferred options etc. I am wondering at this point is it worth going into a whole life policy where money can grow tax free. Not looking as this as insurance( I have a term policy for that) but sort of a retirement option. There's a catch to the notion that the "mon...
by TSR
Fri Jul 10, 2015 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: New to Federal Government-Need help with TSP allocation
Replies: 5
Views: 498

Re: New to Federal Government-Need help with TSP allocation

While I agree that L2040 is more conservative than Vanguard's 2040 fund, I would not say it's particularly conservative on an objective level. I use it, and I'm 8 years younger than you. It's right at 25% bonds right now, which is age-minus-10 for me but is a little more aggressive for you. It does ...
by TSR
Wed Jul 08, 2015 10:24 am
Forum: Personal Consumer Issues
Topic: Visiting Nashville during the summer
Replies: 50
Views: 3059

Re: Visiting Nashville during the summer

Thanks! I should've mentioned, we want something very small, intimate and simple with only 10 people or so. I found this - Iris Garden http://www.state.tn.us/agriculture/general/irisgarden.shtml That would be a good spot! Nice find. Also check out the Metro Parks link above and scroll down to the S...
by TSR
Wed Jul 08, 2015 10:16 am
Forum: Personal Consumer Issues
Topic: Visiting Nashville during the summer
Replies: 50
Views: 3059

Re: Visiting Nashville during the summer

Is Nashville a good place to get married? Any suggestions? I have grandparents in Dickson so I thought it might be a good option. I live in Nashville and love it, and it IS a great place for a wedding. The one problem now is that hotel space is comically limited, so it is literally impossible to bo...
by TSR
Mon Jul 06, 2015 10:41 am
Forum: Personal Finance (Not Investing)
Topic: If you wouldn't buy it, then you should sell it
Replies: 35
Views: 3831

Re: If you wouldn't buy it, then you should sell it

No intention here of rehashing any of the "Is MMM good or evil?" debates, but it should be noted that his article is not about trading securities as most posters have assumed. He is a buy-and-hold guy and an advocate of (Vanguard) index funds. This is a consumer-finance post addressed at p...
by TSR
Thu Jul 02, 2015 9:49 am
Forum: Personal Consumer Issues
Topic: Learning Guitar
Replies: 30
Views: 3649

Re: Learning Guitar

I agree with the first part of what TSR advises, but respectfully disagree with the statement about learning to read music on the guitar. There have been some interesting responses to the OP's question, but let's get to the crux of it all. If the OP wants to learn some chords so he can play along w...
by TSR
Tue Jun 30, 2015 1:35 pm
Forum: Personal Consumer Issues
Topic: Learning Guitar
Replies: 30
Views: 3649

Re: Learning Guitar

You can get yourself into an awful lot of bad habits by teaching yourself, even with the help of youtube. I'd encourage taking a few months or a year of lessons to avoid that fate and to make sure you're headed in the right direction. After that, youtube and other stuff will make a whole lot more se...
by TSR
Fri Jun 26, 2015 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: Home equity loan to pay off student loan @ 6.55%
Replies: 11
Views: 1222

Re: Home equity loan to pay off student loan @ 6.55%

Do you have sufficient funds to take a 401k loan? My hunch is that you're better off just tightening the ol' belt and chipping away at your loans, but I'd sooner take a 401k loan than a HELOC if I had to. Incidentally, your loans look perfect for a "snowball-method" payoff. Not knowing you...
by TSR
Fri Jun 26, 2015 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Pay student loan off at 2.875%? - otherwise, 14 years to go
Replies: 52
Views: 5749

Re: Pay student loan off at 2.875%? - otherwise, 14 years to go

What is your monthly payment? That would drive my actions to a serious degree. I also agree that the "can't be discharged in bankruptcy" factor is significant. I am almost done with mine (albeit at a higher rate) and have been prioritizing investing to about the same degree as paying them ...
by TSR
Fri Jun 19, 2015 4:44 pm
Forum: Investing - Help with Personal Investments
Topic: Student Loans or IRA?
Replies: 14
Views: 1449

Re: Student Loans or IRA?

It is flat-out wrong to compare the interest rates on your loans to the amount you could make in the stock market or guaranteed returns in the bond market. No, it is not flat-out wrong, as long as it's done on an after-tax basis. The comparison should be made to a safe asset, like a Treasury note o...
by TSR
Fri Jun 19, 2015 3:23 pm
Forum: Personal Consumer Issues
Topic: OPM breach and credit freeze
Replies: 194
Views: 17635

Re: OPM breach and credit freeze

I'm a federal employee/presumptive victim of the hack. I do not currently plan on taking advantage of the free monitoring. Instead, I intend to continue looking closely at my various accounts and then otherwise sticking my head in the sand. My rationale is somewhat fatalistic, as discussed above. Fi...
by TSR
Fri Jun 19, 2015 2:57 pm
Forum: Investing - Help with Personal Investments
Topic: Student Loans or IRA?
Replies: 14
Views: 1449

Re: Student Loans or IRA?

I'm in a similar situation as you. I have student loan debt to pay off and obviously that's a higher priority than investing. However, building an emergency fund is priority number one for me. My plan is to open a Roth IRA and use it as part of my emergency fund. I will contribute the max every yea...
by TSR
Fri Jun 19, 2015 10:10 am
Forum: Investing - Help with Personal Investments
Topic: Student Loans or IRA?
Replies: 14
Views: 1449

Re: Student Loans or IRA?

The answer for me is always "both." I would suggest taking a more strategic focus on the loans (either targeting the highest-interest loans or the lowest-balance loans), and EITHER (1) starting a Roth IRA and funding it fully or (1) increasing your contributions to your 401k to at least 10...
by TSR
Thu Jun 18, 2015 4:41 pm
Forum: Personal Consumer Issues
Topic: New to Golf
Replies: 45
Views: 5034

Re: New to Golf

I played my first round of golf ever with my in laws using a set of old borrowed clubs. I was really bad. It was in good fun and we didn't even keep score. By the end of the round I was hitting shorter shots ok (9 iron). No matter what I was doing though I could not drive at all. My form is horribl...
by TSR
Wed Jun 17, 2015 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Nice Milestone Reached Last Week
Replies: 41
Views: 7021

Re: Nice Milestone Reached Last Week

Congrats. My net worth was definitely negative at that age, though I caught up quickly. Keep at it!
by TSR
Wed Jun 17, 2015 11:48 am
Forum: Personal Consumer Issues
Topic: Dress Shirts: Off The Rack + Tailored Or Made to Measure
Replies: 15
Views: 1683

Re: Dress Shirts: Off The Rack + Tailored Or Made to Measure

Just to be clear, are you saying "off the rack" as a reference to actual store shopping, or have you looked online? The real "menswear" stores typically have much, much more online than they carry at stores. For example, looking at Jos A. Bank's slim fit line, it appears that the...
by TSR
Wed Jun 17, 2015 11:43 am
Forum: Personal Consumer Issues
Topic: "Phantom" Tipping
Replies: 68
Views: 11438

Re: "Phantom" Tipping

I've seen this happen. And yes, it is usually the individual server, not the restaurant. It is especially common (as described above) when someone tips nothing on the card but leaves some tip in cash. It is often the result of a server who is angry not to have gotten a tip, not realizing or remember...
by TSR
Mon Jun 15, 2015 2:24 pm
Forum: Investing - Theory, News & General
Topic: Aren't bogleheads predicting the long term?
Replies: 84
Views: 8988

Re: Aren't bogleheads predicting the long term?

Yeah, when everything goes down, money has to go somewhere .. and that's often been gold in recent times - but it can be other commodities Jim Rogers has been very confident about agriculture .. You think almost no matter what happens in terms of the economy, even wars, we're going to need to figur...
by TSR
Mon Jun 15, 2015 1:55 pm
Forum: Personal Consumer Issues
Topic: Comfortable shoes for work
Replies: 43
Views: 4323

Re: Comfortable shoes for work

Check out the various "Walking" stores in nicer malls. They have a lot of brands that specialize in shoes that are better for feet and don't look too terrible. Ecco, Pikolinos, Clarks, etc. They are not cheap, but I think this is an area on which people should spend a lot more money than t...
by TSR
Mon Jun 08, 2015 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance and Economic Outpatient Care for a Boglehead
Replies: 70
Views: 5207

Re: Inheritance and Economic Outpatient Care for a Boglehead

This is an interesting question. I find myself at 0%, but I don't think that adequately accounts for the privilege I've had in my life. I see why the figure would not include college, but I went to a very expensive college and a very expensive private school before that. Also, I will say that I have...
by TSR
Wed Jun 03, 2015 10:33 am
Forum: Personal Consumer Issues
Topic: Visiting Nephews: Water Guns and Nerf Weapons
Replies: 29
Views: 3897

Re: Visiting Nephews: Water Guns and Nerf Weapons

There are some parents who do not believe that children should have "weapon" type toys. So, if you decide to get these, you might want to check with the parents to make sure they are acceptable to them. Parents who don't believe little boys should have weapons better confiscate all the st...
by TSR
Tue Jun 02, 2015 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on Federal Employment
Replies: 86
Views: 9307

Re: Thoughts on Federal Employment

Very happy as a federal employee. Pay will steadily creep up, and benefits are good. Access to the TSP is wonderful. Of course, your mileage may vary, and it's a big ol' government with different jobs and different supervisors. Also, Congress can be finicky and decide not to fund the government some...
by TSR
Thu May 21, 2015 9:10 am
Forum: Personal Consumer Issues
Topic: Parks to visit between TX and PA?
Replies: 23
Views: 887

Re: Parks to visit between TX and PA?

If you still have any interest in Mammoth Cave, be careful to reserve your tour at LEAST a month out -- tickets go pretty quickly. I liked the four-hour tour I took, and I'm sure there are other good ones. When going through Tennessee, you might take the short diversion to the Cumberland Plateau. Fi...
by TSR
Wed May 20, 2015 4:25 pm
Forum: Investing - Help with Personal Investments
Topic: Should I sell my company's stock and exchange it for an SP500 index fund?
Replies: 60
Views: 4101

Re: Should I sell my company's stock and exchange it for an SP500 index fund?

I'll just chime in to say that my father worked for Nortel for many, many years. In the late 90s, when things were really chugging there, he saw a financial advisor who said, "Would you go to Vegas and put all of your money on a roulette wheel? No? Then you should sell all of these shares."...
by TSR
Thu May 14, 2015 10:32 am
Forum: Personal Consumer Issues
Topic: How to suggest downsizing to Parent
Replies: 23
Views: 2796

Re: How to suggest downsizing to Parent

My mom, who is in her mid- to late-60s, recently moved to a condo -- no convincing required (nor would I have tried). However, her own personal motivations included (1) no stairs in the condo, unlike her house which had a lot; (2) certain lousy memories from the old house; (3) closer to town in the ...
by TSR
Tue May 12, 2015 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes on renting a room in my home to a friend
Replies: 30
Views: 2142

Re: Taxes on renting a room in my home to a friend

Barter may work. Instead of rent, take groceries, repairs, car rides/sharing, etc. Sometimes you can enter into non cash agreements to avoid the bureaucracy: http://www.wsj.com/articles/new-yorkers-trade-services-for-free-rent-1412988217 but not always: http://www.irs.gov/taxtopics/tc420.html I did...
by TSR
Tue May 12, 2015 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes on renting a room in my home to a friend
Replies: 30
Views: 2142

Re: Taxes on renting a room in my home to a friend

I have a good friend who owns multiple properties. He pays taxes on the income from the investment properties, but never his primary residence which he also has paying roommates in. He's never had an issue. Lots of criminals never get caught either , so what? I appreciate what you're saying here, b...
by TSR
Tue May 12, 2015 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes on renting a room in my home to a friend
Replies: 30
Views: 2142

Re: Taxes on renting a room in my home to a friend

Please use the following as a cautionary tale - I would never advocate doing this. Twenty one years ago when I was 21, I bought a house that I lived in for 8 years. During the entire 8 years I had at least two and sometimes three roommates. My roommates paid me in cash and I did not declare any inc...

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