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Re: Kids & Sports

... We’re not crazy about our pediatrician overall and maybe I shouldn’t expect much because he’s only been there for annual visits. He’s the type of guy that you ask for an opinion and he can’t just boil it down..he just drones on and on and you almost hesitate to ask him anything else because he’...
by adam1712
Sat Oct 18, 2014 9:06 am
 
Forum: Personal Consumer Issues
Topic: Kids & Sports
Replies: 26
Views: 2309

Re: Buying more when markets are down

For people wondering where the extra money comes from, one thing I've done in the past is stop making extra payments on my mortgage when the market is down. But I didn't do it based on a down couple days, only when the market was down significantly as part of my re-balancing plan. I currently rent b...
by adam1712
Wed Oct 01, 2014 8:52 pm
 
Forum: Investing - Theory, News & General
Topic: Buying more when markets are down
Replies: 61
Views: 5165

Re: rebalancing conundrum/paradox/irony

I think you've hit on a key point about glidepaths of asset allocation. If somebody has 30 years to invest and wants to invest in stocks and some 0 risk asset, the optimal way to do it is to always have the same amount invested in stocks every year. Taking gains off the table when stocks go up and b...
by adam1712
Sun Sep 28, 2014 2:06 pm
 
Forum: Investing - Theory, News & General
Topic: rebalancing conundrum/paradox/irony
Replies: 83
Views: 5179

Re: Should I get a HSA? (Health Savings Account)

If you get an HSA plan, the deductible and out of pocket maximum would most likely be higher. So when you use health care, your costs will likely be more. The advantage is that the monthly premium you pay will be less, so costs will be less when you don't use health care. HSA plans are best financia...
by adam1712
Thu Sep 25, 2014 11:09 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I get a HSA? (Health Savings Account)
Replies: 14
Views: 1023

Re: Should I get a HSA? (Health Savings Account)

It's still not clear, do you have a HSA elgible health insurance plan now? The first step is to figure out what health insurance plan is best for you. For the HSA account itself once you have HSA elgible health insurance, the first place is to look at is what is offered through your work. Getting yo...
by adam1712
Thu Sep 25, 2014 10:51 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I get a HSA? (Health Savings Account)
Replies: 14
Views: 1023

Re: We have a grocery problem... [Household budget]

My two suggestions are: 1) Be realistic. I find it easy to be overly optimistic at the grocery store and then life gets busy and I want a quicker prepared meal and things go to waste. 2) I apologize if I'm reading too much into this but it sounds like there may be some friction over deciding on meal...
by adam1712
Fri Sep 19, 2014 8:45 pm
 
Forum: Personal Consumer Issues
Topic: We have a grocery problem... [Household budget]
Replies: 158
Views: 10913

Re: Gifting planning for upper 60s widowed.

IMO, the big thing to be thinking about is the required minimum distributions (RMD) from the large Traditional IRA at age 70 1/2 that it appears won't be needed for current expenses. There should be no need to gift from currently held accounts. The parent should be able to gift from cash flow from S...
by adam1712
Sat Sep 13, 2014 9:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gifting planning for upper 60s widowed.
Replies: 30
Views: 2323

Re: Vanguard Lost $50k

Obviously this is concerning, but based on the story I'd be 99% sure it was a banking transaction error and not fraud. The chances of the bank and Vanguard not being able to make you whole I'm guessing are slim. I would not complicate matters by threatening or taking money out of Vanguard right now....
by adam1712
Sat Sep 06, 2014 11:41 am
 
Forum: Personal Consumer Issues
Topic: Vanguard Lost $50k
Replies: 103
Views: 10824

Re: Changing cost basis from Average Cost to Specific ID

This is not correct, without some clarification. You can never go back for sales you made in the past; you can go back for sales you never made in the past. The term prospective in the regs is in terms of sales. Vanguard doesn't report purchases to the IRS; Vanguard reports sales to the IRS (or not...
by adam1712
Mon Aug 04, 2014 11:02 am
 
Forum: Investing - Theory, News & General
Topic: Changing cost basis from Average Cost to Specific ID
Replies: 33
Views: 2229

Re: Changing cost basis from Average Cost to Specific ID

... Suppose you have both covered and noncovered shares of a mutual fund and Vanguard, as always, defaults the status of all these shares to "average cost". Also suppose you have never sold any of these shares. I believe there should be no need to revoke anything since you have not electe...
by adam1712
Mon Aug 04, 2014 10:39 am
 
Forum: Investing - Theory, News & General
Topic: Changing cost basis from Average Cost to Specific ID
Replies: 33
Views: 2229

Re: Principal Residence = Poor Investment?

Here's the easiest way for me to think about it: Option 1) Own a $600,000 house Option 2) Own a $300,000 house and another $300,000 house that you rent out The expenses and appreciation should be about the same but in one case the rental income is $0, the other it's more. It's basically impossible f...
by adam1712
Wed Jul 30, 2014 12:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Principal Residence = Poor Investment?
Replies: 70
Views: 5547

Re: retirement savings for my young kids?

I would be putting all towards your own retirement now. Then when your kids are older you can cut back on your personal retirement savings and direct part of the income you earn towards their college expenses, matching their savings, etc. Money is fungible. I think this is by far the most flexible a...
by adam1712
Tue Jul 29, 2014 10:53 am
 
Forum: Investing - Help with Personal Investments
Topic: retirement savings for my young kids?
Replies: 29
Views: 2499

Re: Old people and financial advisors - a family tale

I think trying to get your relative to move the money from the adviser would be a difficult battle that isn't worth it, but my goal would be to get the adviser to move to more conservative investments. I think that's the thing that would make your relative the happiest, continuing to use the adviser...
by adam1712
Sun Jul 27, 2014 8:56 am
 
Forum: Investing - Help with Personal Investments
Topic: Old people and financial advisors - a family tale
Replies: 75
Views: 5898

Re: Transfer of assets to child. Tax strategy

The biggest challenge I see is your daughter will have an interesting Traditional vs. Roth decision to make during residency. At current tax brackets in 2013 (filing single/standard deduction) she is in the 15% tax bracket up to $46250 and capital gains are taxed at 0%. So most of the capital gains ...
by adam1712
Sat Jul 19, 2014 12:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Transfer of assets to child. Tax strategy
Replies: 19
Views: 1170

Re: Tax Gain Harvesting Strategy Questions

You don't state if you're doing this, but it'd be wise to be maxing out your retirement accounts. Preferably a Roth if it's available to you. You can do this by tax gain harvesting funds to live off and then increasing your retirement contributions.
by adam1712
Sun Jul 13, 2014 7:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax Gain Harvesting Strategy Questions
Replies: 13
Views: 750

Re: Why so afraid to "lose" money?

Have you personally lost any serious money yet yourself? My investments went down in both 2000 and 2008. I don't know if I'd call it serious money. It was less than I have now but as long as I know my net contributions for the year are going to be positive, I don't think I have much to worry about....
by adam1712
Sat Jul 12, 2014 9:28 pm
 
Forum: Investing - Theory, News & General
Topic: Why so afraid to "lose" money?
Replies: 22
Views: 3366

Re: Why so afraid to "lose" money?

I see a lot of posts about saving for things 1-5 years away. And the general consensus always seems to be that this money can't be in stocks. But in the accumulation stage of life, I don't really get this approach. I've always taken the approach of having one asset allocation for all my accounts. I...
by adam1712
Sat Jul 12, 2014 5:50 pm
 
Forum: Investing - Theory, News & General
Topic: Why so afraid to "lose" money?
Replies: 22
Views: 3366

Re: Why so afraid to "lose" money?

Why so afraid to "lose" money? I see a lot of posts about saving for things 1-5 years away. And the general consensus always seems to be that this money can't be in stocks. If you have a goal that requires you come up with cash within 5 years and you can save the money to accomplish this ...
by adam1712
Sat Jul 12, 2014 5:42 pm
 
Forum: Investing - Theory, News & General
Topic: Why so afraid to "lose" money?
Replies: 22
Views: 3366

Re: Why so afraid to "lose" money?

If you took the money out in 2008, you would have basically "paid" about $12,000 or so to take out that $6,000. Your car would have cost you $6k more than it did. Not a good tradeoff. Of course, the opposite can also happen, but you need to have the risk tolerance for that. Many people do...
by adam1712
Sat Jul 12, 2014 5:22 pm
 
Forum: Investing - Theory, News & General
Topic: Why so afraid to "lose" money?
Replies: 22
Views: 3366

Why so afraid to "lose" money?

I see a lot of posts about saving for things 1-5 years away. And the general consensus always seems to be that this money can't be in stocks. But in the accumulation stage of life, I don't really get this approach. I've always taken the approach of having one asset allocation for all my accounts. I ...
by adam1712
Sat Jul 12, 2014 3:01 pm
 
Forum: Investing - Theory, News & General
Topic: Why so afraid to "lose" money?
Replies: 22
Views: 3366

Re: $31,900 lump sum vs. $2,500 yearly?

The lump sum and annual interest payments seem equivalent, based on a single payment immediate annuity , and depending on your mom's actual age and annuity type. This is a property not an annuity so mom's age shouldn't really factor in. When she dies, the property and income stream still remain. Or...
by adam1712
Fri Jul 11, 2014 5:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: $31,900 lump sum vs. $2,500 yearly?
Replies: 6
Views: 1265

Re: Do you tell your kids how much you make?

I'm always surprised by threads like this as I guess my family was pretty open about finances. But to me it seems like my parents didn't have much of a choice with the internet and databases available I was probably going to find out whether they told me or not.
by adam1712
Thu Jul 03, 2014 3:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you tell your kids how much you make?
Replies: 58
Views: 6437

Re: American Automobile Assn (AAA)

With regards to roadside assistance, my plan has been to use Visa's roadside assistance through my cc that dispatches a towing service for a flat rate of $59.95 per call. I haven't used it yet but figure it is cheaper for me since it is pay as you go. Just curious if anybody has actually used it.
by adam1712
Wed Jul 02, 2014 6:25 pm
 
Forum: Personal Consumer Issues
Topic: American Automobile Assn (AAA)
Replies: 51
Views: 3597

Re: Changed Lawyers - Won't Transfer File

I have no idea if this is an issue, but the thought occurred to me that there may be different issues and liability involved when a legal firm provides information to another legal firm versus just returning a file to a client. Even if they know the client will just turn around and pass it on, they ...
by adam1712
Wed Jul 02, 2014 1:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Changed Lawyers - Won't Transfer File
Replies: 29
Views: 2332

Re: Pay down (not off) mortgage?

Here's my system and what I'd recommend for how to factor in paying extra mortgage payments as a fixed income part of your AA. I use the regular 30 year amortization as my baseline. Basically, I printed out the original payoff schedule when I got a mortgage. Then any amount ahead of the scheduled pr...
by adam1712
Mon Jun 30, 2014 6:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Pay down (not off) mortgage?
Replies: 53
Views: 5232

Re: A challenge to "risk free" pre-payment of Mortgages

I was reading a post this morning that stated a common opinion on this board. That paying off the mortgage results in a risk free return equal to the after-tax rate paid. While this makes for good common sense, I am not sure it is entirely accurate. Assume for a moment that you can enter into a con...
by adam1712
Sat Jun 28, 2014 11:13 am
 
Forum: Investing - Theory, News & General
Topic: A challenge to "risk free" pre-payment of Mortgages
Replies: 17
Views: 1047

Re: Riding a bicycle east from Cleveland

Rochester isn't as big of city as Cleveland but it does have a lot of interesting early history with its location on the Erie Canal. The Eastman house and High Falls are a couple of the common tourist attractions. The Rochester Philharmonic Orchestra as well as performances by students of the Eastma...
by adam1712
Sun Jun 22, 2014 5:15 pm
 
Forum: Personal Consumer Issues
Topic: Riding a bicycle east from Cleveland
Replies: 26
Views: 1336

Re: Riding a bicycle east from Cleveland

Have you considered flying into either Rochester or Buffalo? The path along the Erie canal makes bicycling out of either city really easy and then south through the Finger Lakes would reduce the amount of traffic compared to NE Ohio and NW Pennsylvania.
by adam1712
Sun Jun 22, 2014 3:56 pm
 
Forum: Personal Consumer Issues
Topic: Riding a bicycle east from Cleveland
Replies: 26
Views: 1336

Re: pick up double major or finish college in 3 years?

adam1712, All those Econ course lecture from ivy league schools are free and available online. Why pay so much money to gain that knowledge? The only difference is a piece of paper saying that you minor in econ?? I KlangFool Yeah, I don't know if I was smart enough at the time to find them on my ow...
by adam1712
Sat Jun 14, 2014 2:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: pick up double major or finish college in 3 years?
Replies: 112
Views: 5609

Re: pick up double major or finish college in 3 years?

Not directly related but I got a 2nd major in econ. It was in one of those courses I found out about bogleheads so I'd say it was probably the most financially beneficial course I ever took. I think these types of decisions come down to following your gut about what's right for you. Make a decision ...
by adam1712
Sat Jun 14, 2014 11:45 am
 
Forum: Personal Finance (Not Investing)
Topic: pick up double major or finish college in 3 years?
Replies: 112
Views: 5609

Re: engineers - please help with engineering school selectio

I'd recommend looking into some of the merit scholarship programs at out of state public and private universities outside the very top level engineering schools. I was going to go to my in-state engineering school but got a full-ride academic scholarship to a higher ranked out of state private schoo...
by adam1712
Thu Jun 12, 2014 8:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: engineers - please help with engineering school selection
Replies: 119
Views: 5520

Re: Poor Planning Parents (baby boomers)

You're parents have 3 properties and it looks like selling any of the 3 will get them debt free. I don't understand why it makes sense to rearrange the debt and keep paying interest when the goal should be to pick at least one of the properties to sell.
by adam1712
Mon May 19, 2014 2:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poor Planning Parents
Replies: 28
Views: 3456

Re: Why do we pay ER fees?

I'd be worried about service suffering since a company has no incentive to keep you happy (especially long term investors) when they've already got the load. You're either stuck or have to pay another load. Also, if a company is struggling to attract new investments, things could be on a downward sp...
by adam1712
Sat May 10, 2014 8:48 pm
 
Forum: Investing - Theory, News & General
Topic: Why do we pay ER fees? [Expense Ratio]
Replies: 22
Views: 2194

Re: Any benefit to a prenup for us?

It may or may not be too late for a formal prenup but that isn't an excuse to not make sure you and your spouse are on the same page. Do you both have an understanding of how community property rules work? Have you documented what property both of you are bringing to the marriage? Do you have a plan...
by adam1712
Tue May 06, 2014 10:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Any benefit to a prenup for us?
Replies: 59
Views: 4167

Re: How to help my son with law school loans?

We don't prepay anything on the mortgage (it's at 3.5% and I plan to have it or for my heirs to have it for the full 30 years) and we are not putting much into the taxable account. We started with about $200k in taxable in 2009. I invested it fairly aggressively in small cap blends and value funds,...
by adam1712
Sun Mar 23, 2014 9:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to help my son with law school loans?
Replies: 58
Views: 3002

Re: How to help my son with law school loans?

I'm still really confused how you can have the income to be in the 18.8% capital gains tax bracket and have to sell stocks to gift money to your son. Well, we actually do gift him money regularly, and one of our major financial goals is to leave a significant inheritance for him and his brother. An...
by adam1712
Sun Mar 23, 2014 8:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to help my son with law school loans?
Replies: 58
Views: 3002

Re: How to help my son with law school loans?

I'm still really confused how you can have the income to be in the 18.8% capital gains tax bracket and have to sell stocks to gift money to your son.
by adam1712
Sun Mar 23, 2014 6:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to help my son with law school loans?
Replies: 58
Views: 3002

Re: How to help my son with law school loans?

I'm finding it a bit mind-numbing to figure out whether financially he's better off taking out a home equity loan versus just closing some of his positions in his taxable account to retire his son's debt. It's not mind-numbing at all. It's impossible. We have none of the information needed to do th...
by adam1712
Sun Mar 23, 2014 2:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to help my son with law school loans?
Replies: 58
Views: 3002

Re: How to help my son with law school loans?

Thank you ALL very much for your thoughts suggestions. The info on payments to co-signed loans not counting as a gift is very helpful. Thank you. But I am still wondering if it make sense to take an equity loan to pay off his loans. If I simply withdraw the money from my taxable account, I will pay...
by adam1712
Sat Mar 22, 2014 3:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to help my son with law school loans?
Replies: 58
Views: 3002

Re: advice requested from engineers

The kid is interested in electrical engineering, with current ambitions of an eventual PhD in biomedical engineering (research career) Be sure that you look at how good the schools are in his area of interest. The engineering department at a univerisity could be well rated becuase of other types of...
by adam1712
Thu Mar 20, 2014 12:40 am
 
Forum: Personal Finance (Not Investing)
Topic: advice requested from engineers
Replies: 85
Views: 4879

Re: Are Long-Term Bonds be better than Short-Term?

Many on this site including myself would argue that a more classic approach of stocks combined with shorter term bonds offer a slightly better risk/reward profile and flexibility to a typical individual investor. But I have no doubt that your FIL's investments have worked well for him. Because the ...
by adam1712
Sat Mar 08, 2014 6:31 pm
 
Forum: Investing - Theory, News & General
Topic: Are Long-Term Bonds better than Short-Term?
Replies: 49
Views: 3439

Re: Are Long-Term Bonds be better than Short-Term?

I don't think your father-in-law is wrong. Most Bogleheads feel that the most important factors for investing are to save an adequate amount, don't overreact to market moves by staying the course, and keep investing costs low. Many on this site including myself would argue that a more classic approa...
by adam1712
Sat Mar 08, 2014 1:49 pm
 
Forum: Investing - Theory, News & General
Topic: Are Long-Term Bonds better than Short-Term?
Replies: 49
Views: 3439

Re: Stocks that Don't Pay Dividends - Greater Fool Driven?

... And then there is Berkshire Hathaway, where the company's ownership has made it clear they will never p ay a dividend. So again, what exactly are you buying when you buy this stock? ... Although they may not pay a dividend, Berkshire Hathaway has recently been buying back shares. In 2012, the c...
by adam1712
Thu Feb 27, 2014 10:56 pm
 
Forum: Investing - Theory, News & General
Topic: Stocks that Don't Pay Dividends - Greater Fool Driven?
Replies: 73
Views: 4884

Re: Please Help Me Find A Doctor

Have you looked into what health services are available at your community college? Going through them would be ideal as they'll be very familiar with what immunizations are required and getting the proper documentation.
by adam1712
Sat Feb 22, 2014 10:59 pm
 
Forum: Personal Consumer Issues
Topic: Please Help Me Find A Doctor
Replies: 23
Views: 1910

Re: Real Estate - Condos and HOA fees

Depending on the age of your building, many builders set up the initial association to be overly optimistic in terms of maintenance expenses with low dues to sell units. Then as the building starts to age, associations are left having to raise dues quite a bit to meet maintenance needs. If I was loo...
by adam1712
Wed Feb 12, 2014 11:52 am
 
Forum: Personal Finance (Not Investing)
Topic: Real Estate - Condos and HOA fees
Replies: 13
Views: 1766

Re: When did/do you want stocks to start rising?

That's interesting. But wouldn't you say that recessions are inevitable; and also that what theoretical level an economy could have risen to without a recession is meaningless, and likewise the level stocks could have risen to without a recession is meaningless, because one might just as well say t...
by adam1712
Sat Feb 08, 2014 10:38 pm
 
Forum: Investing - Theory, News & General
Topic: When did/do you want stocks to start rising?
Replies: 58
Views: 3466

Re: When did/do you want stocks to start rising?

I don't really believe in reversion to the mean, so I'm always rooting for stocks to go up. When the stock market does poorly, it generally means the economy is doing poorly and less new wealth is being created to go around. There is sometimes a rebound effect, but I believe that stocks never reach ...
by adam1712
Sat Feb 08, 2014 9:16 pm
 
Forum: Investing - Theory, News & General
Topic: When did/do you want stocks to start rising?
Replies: 58
Views: 3466

Re: Rent Out Condo or Sell It

Sorry to hear about the unfortunate timing of the assessment for you. One thing to consider is the challenge of renting a condo with ongoing construction. I was in a condo building that required some repairs and I know it was a challenge for owners who rented dealing with their tenants. Those that w...
by adam1712
Fri Feb 07, 2014 12:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rent Out Condo or Sell It
Replies: 43
Views: 3723

Re: Advisor Opposes TIPS Ladder Strategy

True, but how does adding the uncertainty of future portfolio returns to the uncertainty of future expenditures help? You're just compounding the uncertainty. I've never understood the validity of this argument against a liability-matching strategy. Some would argue that even adjusting for inflatio...
by adam1712
Sun Jan 26, 2014 3:10 pm
 
Forum: Investing - Theory, News & General
Topic: Advisor Cautions Against TIPS Ladder Strategy
Replies: 85
Views: 5819
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