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Re: Considering a "Year Off" from retirement contributions..

:twisted: [quote"DFWinvestor"] (I want a Tesla and I drive a car affordable to people who make 1/5 of what I do currently). [/quote] What a pompus attitude. I only make 1/5th as much as he does, what kind of car am I supposed to drive? He feels the need to drive a car that reflects his pay...
by Vanner
Sat Dec 14, 2013 12:14 am
 
Forum: Investing - Help with Personal Investments
Topic: Considering a "Year Off" from retirement contributions.....
Replies: 64
Views: 5515

Re: Do I need taxable accounts to retire at 50?

I am interested in more responses to this post because I am in a very similar boat. Especially the part about Using a ROTH account to draw on before 59 1/2 years of age.
by Vanner
Thu Nov 07, 2013 10:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do I need taxable accounts to retire at 50?
Replies: 26
Views: 3197

Re: I don't understand my Bond Fund

I looked at Vanguard yesterday and they had a Municipal Bond that pays over 6% for 1 year. That sounds great, are those something that can be purchased in a deferred comp plan, or are they purchased outright, or in a roth? Are they risky?
by Vanner
Tue Oct 15, 2013 9:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: I don't understand my Bond Fund
Replies: 17
Views: 1500

Re: I don't understand my Bond Fund

So if my bond fund owns a whole bunch of different bonds at any given moment, and all of those bonds are paying interest and/or maturing how can the value go down? Or maybe what I'm trying to say is that even if the "value" has gone down, am I going to keep pace with a break even point bec...
by Vanner
Tue Oct 15, 2013 8:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: I don't understand my Bond Fund
Replies: 17
Views: 1500

Re: I don't understand my Bond Fund

Ok, but if the prices of older bonds have gone down, why would the ones that my fund already owns go down? Don't they have the same payout, with the same dividends and coupon until maturity?
by Vanner
Tue Oct 15, 2013 3:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: I don't understand my Bond Fund
Replies: 17
Views: 1500

I don't understand my Bond Fund

I have about 24 percent of my entire portfolio in a Vanguard Bond Fund labeled VBMPX. I am not sure how this works, how does it make money, and lately how is this losing money? I know that a bond is loaning someone money and getting paid back plus a little, but how does a bond fund work? Here is a l...
by Vanner
Mon Oct 14, 2013 10:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: I don't understand my Bond Fund
Replies: 17
Views: 1500

Re: How to accumulate 90K for Land

I agree, I've been watching the MLS and craigslist on and off for 5 years. Seems like good ones (in my opinion) don't come along often. I'm not in a hurry to buy, I just don't like the idea of having tens of thousands of dollars waiting in savings accounts in the meantime.
by Vanner
Fri Sep 20, 2013 8:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to accumulate 90K for Land
Replies: 10
Views: 1188

Re: Just got a promotion....

Yes, I have a consultant I can ask questions and get help from. There is also a professional organization that provides some training. I will be OK.
by Vanner
Fri Sep 20, 2013 8:03 pm
 
Forum: Personal Consumer Issues
Topic: Just got a promotion....
Replies: 17
Views: 2742

Re: Just got a promotion....

OP, something similar happened with me earlier this year. The old guru (30+ year my senior) is retiring and too busy with other things in his life. Company gave me the user manual and said "you are the new subject matter expert now". So now I am circumnavigating around the world, teaching...
by Vanner
Thu Sep 19, 2013 10:10 pm
 
Forum: Personal Consumer Issues
Topic: Just got a promotion....
Replies: 17
Views: 2742

Re: How to accumulate 90K for Land

Loans just to buy land are often very difficult to get because banks consider them very risky. No one wants to get evicted from their house because they didn't pay their mortage but people might consider not paying on a land loan. Also, they can't resell land loans like they can house mortages. Som...
by Vanner
Thu Sep 19, 2013 10:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to accumulate 90K for Land
Replies: 10
Views: 1188

Re: How to accumulate 90K for Land

I am trying to save for 80 acres of land. I would like to purchase the land soon, and use it for 15 years, then build on it and move out of the city when I near retirement. I am currently contributing about 20k per year for retirement, I am not sacrificing retirement money for this. So now I would ...
by Vanner
Thu Sep 19, 2013 10:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to accumulate 90K for Land
Replies: 10
Views: 1188

Re: Just got a promotion....

More time has gone by and I am becoming a little more comfortable in my new skin. I still have a lot to learn, but now I feel that I can handle it, and just completed 2 huge jobs in the last few weeks that have been due for a year. Now I can relax a little and make the job my own. I liked the commen...
by Vanner
Thu Sep 19, 2013 9:20 pm
 
Forum: Personal Consumer Issues
Topic: Just got a promotion....
Replies: 17
Views: 2742

Re: Coverdell Education Savings Accounts

Ok, I will look into Schwab. Thank you.
by Vanner
Thu Sep 19, 2013 9:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Coverdell Education Savings Accounts
Replies: 7
Views: 657

How to accumulate 90K for Land

I am trying to save for 80 acres of land. I would like to purchase the land soon, and use it for 15 years, then build on it and move out of the city when I near retirement. I am currently contributing about 20k per year for retirement, I am not sacrificing retirement money for this. So now I would l...
by Vanner
Thu Sep 19, 2013 9:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to accumulate 90K for Land
Replies: 10
Views: 1188

Re: Safety Net Funds, why Traditional Advice is Wrong.

I kinda like this idea. My job and my wife's are pretty secure, and I think my chance of needing my emergency fund is lower than the average person's. So what if I wanted to begin investing this extra 10 grand. Could I put it in a ROth IRA and withdraw the money at a moments notice if I needed to? I...
by Vanner
Sun Sep 01, 2013 8:53 pm
 
Forum: Investing - Theory, News & General
Topic: Safety Net Funds, why Traditional Advice is Wrong.
Replies: 17
Views: 1752

Coverdell Education Savings Accounts

The wife and I have been contributing yearly to a Coverdell ESA at Wells Fargo for our kids' Catholic School education. I am wondering if anybody knows of a cheaper place to have the account. Wells fargo charges 20 dollars per year, and I couldn't find the expense ratio just now. Vanguard told me on...
by Vanner
Wed Aug 07, 2013 11:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Coverdell Education Savings Accounts
Replies: 7
Views: 657

Re: 75% equity is max?

I am at 90% equities.
Because I am 34, and I have a $2000-$3000 per month pension waiting for me (at least I hope it is waiting for me).
by Vanner
Wed Aug 07, 2013 9:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: 75% equity is max?
Replies: 48
Views: 5784

Re: Just got a promotion....

Thanks everyone for the replies. It is interesting work, and fun times when I discover more work that is overdue. but like you said, the manager is giving me a long leash and has a lot of understanding for my position. So I feel good about the situation.
by Vanner
Sat Jul 13, 2013 11:28 am
 
Forum: Personal Consumer Issues
Topic: Just got a promotion....
Replies: 17
Views: 2742

Re: a different way of looking at investing for retirement

I am a municipal employee, and this article just blew my mind. My takeaway is that I could count my pension and my SS as part of my "bond" allocation, and my asset allocation could take those into account, therefore I should up my current 85/15 investing to 95/5 or 100/0! This is very intr...
by Vanner
Fri Jul 12, 2013 9:43 pm
 
Forum: Investing - Theory, News & General
Topic: a different way of looking at investing for retirement
Replies: 27
Views: 3082

Just got a promotion....

Good news, I got a promotion at work to a specialized part of the system. Something I am very proud to have achieved and frankly, know little about. But, the guy who is supposed to train me in and is on his way out (retiring within a year) just had (another) heart attack and might not be coming back...
by Vanner
Thu Jun 27, 2013 11:42 pm
 
Forum: Personal Consumer Issues
Topic: Just got a promotion....
Replies: 17
Views: 2742

Re: Wanting to spend money all of a sudden

I think a person like you should spend more time with the wife/kids. The gift of your time is what they probably need the most. Maybe you can hire some help so you can do that? I only work 45 hours a week, and wish I had more time to be with mine.
by Vanner
Mon Jun 17, 2013 10:51 pm
 
Forum: Personal Consumer Issues
Topic: Wanting to spend money all of a sudden
Replies: 76
Views: 6051

Re: Should I hire my uncle for tax advice?

You want me to ask you guys what kind of questions I am thinking about? I'll have to start another thread.
by Vanner
Wed Jun 12, 2013 10:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I hire my uncle for tax advice?
Replies: 16
Views: 1390

Should I hire my uncle for tax advice?

I feel that hiring relatives or friends for anything is a bad idea because things might get messed up. But my uncle is a tax accountant/personal financial guy who I kinda want to talk to about my tax/investing future. I think I need to talk to someone about my taxes and investments, and I think he w...
by Vanner
Tue Jun 11, 2013 10:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I hire my uncle for tax advice?
Replies: 16
Views: 1390

Isn't it a bad time to be investing??

If stocks are at near record highs, and bonds are not yielding much, wouldn't buying more of each be unwise? Couldn't a person put their money into something safe for awhile until these markets become a better buy before investing? I assume this would be considered trying to "time the market.&q...
by Vanner
Sun May 26, 2013 10:42 am
 
Forum: Investing - Theory, News & General
Topic: Isn't it a bad time to be investing??
Replies: 67
Views: 7031

Re: Low Fee Index Funds?

Thank you for the responses.
by Vanner
Mon May 06, 2013 8:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Low Fee Index Funds?
Replies: 18
Views: 1514

Re: Low Fee Index Funds?

Johm221122 wrote:Basically, there the best you could ever hope for
John

Wow, that is good news. I had no idea!
by Vanner
Fri May 03, 2013 10:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Low Fee Index Funds?
Replies: 18
Views: 1514

Re: Low Fee Index Funds?

So as far as expenses go, your funds are probably best-in-class and one cannot improve on that aspect of your funds. So you can smile about the Frontline report and pretty much say, "Thank goodness that Frontline report does not apply to my situation." So as far as fees go, you are saying...
by Vanner
Fri May 03, 2013 9:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Low Fee Index Funds?
Replies: 18
Views: 1514

Re: Low Fee Index Funds?

:oops: I think I listed some of the Indexes as if they were funds. Is that what I did? Vanguard Mid Cap Index Fund Spliced Mid Cap Benchmark Index Vanguard Institutional Index Fund S&P 500 Benchmark Index Vanguard Balanced Index Fund Vanguard Balanced Composite Benchmark Index Vanguard Total Bon...
by Vanner
Fri May 03, 2013 9:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Low Fee Index Funds?
Replies: 18
Views: 1514

Re: Low Fee Index Funds?

My sheet states the Vanguard Institutional Index Fund has a 0.02% Gross Fund EXP and 0.05% Admin Fee.
by Vanner
Fri May 03, 2013 9:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Low Fee Index Funds?
Replies: 18
Views: 1514

Low Fee Index Funds?

Hi, brand new Boglehead forum member here, this is a very interesting Forum. On the recent Frontline Special about 401k's Jack Bogle mentioned "Index Funds" with only a 1% fee. Listed below are some of the choices my Deferred Comp plan offers. Are any of these exactly what he was referring...
by Vanner
Fri May 03, 2013 8:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Low Fee Index Funds?
Replies: 18
Views: 1514

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