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Re: Should you always/usually go with the lower expense rati

I would go with Fund A and gladly pay the higher expense ratio if they would guarantee that +1.25% over index performance for the next decade.
by awval999
Fri Feb 20, 2015 5:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should you always/usually go with the lower expense ratio?
Replies: 20
Views: 1159

Re: Selling older home with old knob and tube wiring

Recently bought a house with some knob and tube. In my case the kitchen and bathrooms were updated and the electrical was updated there as well. The only knob and tube that remains is ceiling lights and a few outlets which I try not to use. Lots of of misinformation on knob and tube out there. It's ...
by awval999
Thu Feb 19, 2015 12:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Selling older home with old knob and tube wiring
Replies: 34
Views: 2599

Re: Dave Ramsey Lashes Out at His Financial Critics

If it wasn't for watching Suze Orman and listening to Dave Ramsey I would have never found Bogleheads. Look at some of the posts here, about SWR calculations, I-bonds, back door Roth IRAs, Small Value premiums. These are advanced topics. Nearly everyone of us here would still be able to retire if we...
by awval999
Thu Feb 19, 2015 10:49 am
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey Lashes Out at His Financial Critics
Replies: 89
Views: 9585

Re: 401k Loan for house

Take the loan. I did.

You are paying yourself the money back. It's your money.
by awval999
Wed Feb 11, 2015 9:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: 401k Loan for house
Replies: 22
Views: 1600

Re: With rates this low, should LPMI be considered?

I bought a house and got a mortgage in September 2014. I only had 5% down. I took LPMI. Personally, I absolutely disagree with having 20% down, especially for millennials. My student loan interest rates (even post re-finance with SoFi) are higher than my mortgage. Just make sure you buy under your m...
by awval999
Thu Feb 05, 2015 9:11 am
 
Forum: Personal Finance (Not Investing)
Topic: With rates this low, should LPMI be considered?
Replies: 1
Views: 232

Re: 2.875% mortgage pay-off financially justifiable?

As other posters have made clear, financially it is NOT justifiable. But, I do bet it feels good not to have a mortgage anymore.
by awval999
Fri Jan 30, 2015 5:51 am
 
Forum: Personal Finance (Not Investing)
Topic: 2.875% mortgage pay-off financially justifiable?
Replies: 35
Views: 3843

Re: Is my term life policy quote too high?

28 years old, 30 year term, $1M, $58.xx/month TransAmerica. Preferred plus. 2014.
by awval999
Sat Jan 24, 2015 9:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is my term life policy quote too high?
Replies: 39
Views: 2493

Re: Is my term life policy quote too high?

No way he's going to get Preferred Plus with a family history of cancer. Go to term4sale.com and play around with the website and you can get a ballpark. I'm getting ~$80s/month for you with $1MM, 32 years old with a "preferred" rating. When I change the rating to "Regular Plus"...
by awval999
Sat Jan 24, 2015 1:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is my term life policy quote too high?
Replies: 39
Views: 2493

Re: Is my term life policy quote too high?

No way he's going to get Preferred Plus with a family history of cancer. Go to term4sale.com and play around with the website and you can get a ballpark. I'm getting ~$80s/month for you with $1MM, 32 years old with a "preferred" rating. When I change the rating to "Regular Plus" ...
by awval999
Sat Jan 24, 2015 1:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is my term life policy quote too high?
Replies: 39
Views: 2493

Re: Thinking about selling my house...

You're 26. Find an apartment downtown and experience that for a bit.
by awval999
Thu Jan 22, 2015 6:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Thinking about selling my house...
Replies: 11
Views: 1031

Re: Thinking about selling my house...



LOL. A topic about saving vs. living and the next OP is about buying a custom built home on acreage at 26.
by awval999
Thu Jan 22, 2015 12:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Thinking about selling my house...
Replies: 11
Views: 1031

Re: Thinking about selling my house...

You can do whatever you want if you have the money. First you would buy the land. Then you would contact an architect or custom home builder/contractor, etc. The problem is that when you go to custom build you are going to be pay premium price/sqft because why would the custom builder build a ~1500 ...
by awval999
Thu Jan 22, 2015 8:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Thinking about selling my house...
Replies: 11
Views: 1031

Re: Roth w/d v. 401k loan to pay credit card?

Option B sounds about right. Take the loan from the bond allocation.
by awval999
Mon Jan 19, 2015 9:09 am
 
Forum: Personal Finance (Not Investing)
Topic: Roth w/d v. 401k loan to pay credit card?
Replies: 3
Views: 293

Re: Land - Me or my Neighbor

Need more information.

Is this just an area of flat land in a subdivision where kids play catch? Or is this an area that has a treehouse suspended over a 50 foot deep pond?
by awval999
Mon Jan 19, 2015 8:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Land - Me or my Neighbor
Replies: 44
Views: 3453

Re: Swiss franc jumps as SNB abandons ceiling versus euro

Break this down for me here, does this mean that it just became even MORE expensive to visit Switzerland?

Isn't the dollar supposed to hit parity with the euro this year?
by awval999
Thu Jan 15, 2015 6:10 am
 
Forum: Investing - Theory, News & General
Topic: Swiss franc jumps as SNB abandons ceiling versus euro
Replies: 25
Views: 2287

Re: What was your costliest investment mistake?

Selling DIS at $32.xx. To be fair I learned a life lesson about the risks of individual stocks---that they are swingy and undiversified---and it really didn't cost me much (unless you count leaving lots of money on the table). I learned not only do you have to buy at a good price, but you have to se...
by awval999
Tue Jan 13, 2015 3:04 pm
 
Forum: Investing - Theory, News & General
Topic: What was your costliest investment mistake?
Replies: 119
Views: 9744

Re: Why Is "Deflation" A Bad Thing??? How To Prepare/Profit

Because the majority of US citizens are in debt. If they had to pay their debts off in deflating dollars it would be bad. Secondly, if prices would consistently fall across all items (not just gasoline in your example) people would stop purchasing things. They would (smartly) wait out further price ...
by awval999
Mon Jan 12, 2015 8:01 am
 
Forum: Investing - Theory, News & General
Topic: Why Is "Deflation" A Bad Thing??? How To Prepare/Profit?
Replies: 87
Views: 6254

Re: Should I invest interest free loan for 6 months?

I assume you're playing fantasy football, baseball, et al. Put the money in an FDIC insured savings account. Keep the interest as your fee for being commissioner, but putting that money in the stock market is laughable.
by awval999
Thu Dec 25, 2014 3:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I invest interest free loan for 6 months?
Replies: 21
Views: 1065

Re: We cut the (Cable/Satellite TV) Cord!

My DirecTV bill is like $72.xx a month, that's two HDTVs with one HD-DVR. Cutting it would involve the dissolution of my marriage so it's not like I have a choice, but I feel that I get a good value from it just from watching live sports. Wings, beer, tax and tip at Buffalo Wild Wings would run you ...
by awval999
Thu Dec 18, 2014 11:18 am
 
Forum: Personal Consumer Issues
Topic: We cut the (Cable/Satellite TV) Cord!
Replies: 45
Views: 4537

Re: Help planning a Hawaii trip

Rent a convertible (even if its just for a a day) and drive.
by awval999
Tue Dec 16, 2014 7:00 am
 
Forum: Personal Consumer Issues
Topic: Help planning a Hawaii trip
Replies: 18
Views: 2203

Re: Help being smart about prescriptions (generics)

Typically the insurance company will hard stop the pharmacist when he goes to bill those fancy "me too" drugs. The insurance companies aren't dumb. They typically require step therapy which is fancy terminolgy for using generic drugs first, only after the doctor fills out a "prior aut...
by awval999
Mon Dec 15, 2014 8:06 pm
 
Forum: Personal Consumer Issues
Topic: Help being smart about prescriptions (generics)
Replies: 9
Views: 897

Re: How do you figure out the best location to buy a house?

Just use realtor.com or Zillow and sort by prices. You will then see the most desirable areas in your metro area. If you tell us your metro area I bet there will be forum members that can help.

Hint: The highest price per square foot is the most desirable.
by awval999
Mon Dec 15, 2014 3:05 am
 
Forum: Personal Consumer Issues
Topic: How do you figure out the best location to buy a house?
Replies: 40
Views: 3263

Re: Eliminate PMI or add to 401K

Meh... You can always walk away from the condo. "They" can never take your 401k as it protected under ERISA. You can't get a loan for retirement. You have to look out for yourself first.

I wouldn't limit 401k contributions to pay more towards a condo loan.
by awval999
Wed Dec 10, 2014 7:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Eliminate PMI or add to 401K
Replies: 3
Views: 417

Re: Family jewels, kind of.

For go the "surprise" element. It is your to be wife that has to wear the ring. This is something you need to talk about. Maybe she wants her parent's diamonds for sentimental reasons, maybe she hates diamonds and wants no stone or a sapphire or an emerald. Maybe she wants round or diamond...
by awval999
Sat Dec 06, 2014 5:10 pm
 
Forum: Personal Consumer Issues
Topic: Family jewels, kind of.
Replies: 44
Views: 3450

Re: Odd Issue with a Best Buy Return

Did you ask for a store credit? You weren't going to get cash back without original receipt but I don't know why they didn't offer store credit.

And ps... The police report idea. Let's just pretend you didn't say that. The police would laugh at you if you called that in.
by awval999
Fri Nov 28, 2014 11:22 pm
 
Forum: Personal Consumer Issues
Topic: Odd Issue with a Best Buy Return
Replies: 59
Views: 5309

Re: Filing homeowners Insurance claim - Sprinklers went off

I've never seen sprinklers in a private residence.

Edit: I googled it for fun. Looks like CA requires it for new construction. Interesting.
by awval999
Fri Nov 28, 2014 5:39 am
 
Forum: Personal Consumer Issues
Topic: Filing homeowners Insurance claim - Sprinklers went off
Replies: 13
Views: 1403

Re: Bumped out of first class at boarding - compensation?

Second on going to FlyerTalk.

As far as what I would expect for compensation: Refund of miles making your Hawaii flight free. $500 voucher each with no expiration.
by awval999
Sun Nov 23, 2014 11:05 am
 
Forum: Personal Consumer Issues
Topic: Bumped out of first class at boarding - compensation?
Replies: 61
Views: 8822

Re: Do you dream about retirement?

I'm 28. And to preface this I work in a hospital. No, I don't dream about retirement. I spend less time on these boards than I did when I was 25, partially because I'm now on autopilot but also because I don't feel the same way many of you do about saving anymore. Because I see so many people daily...
by awval999
Wed Oct 29, 2014 6:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you dream about retirement?
Replies: 91
Views: 7524

Re: Do you dream about retirement?

I'm 28. And to preface this I work in a hospital. No, I don't dream about retirement. I spend less time on these boards than I did when I was 25, partially because I'm now on autopilot but also because I don't feel the same way many of you do about saving anymore. Because I see so many people daily...
by awval999
Wed Oct 29, 2014 7:33 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you dream about retirement?
Replies: 91
Views: 7524

Re: Do you dream about retirement?

I'm 28. And to preface this I work in a hospital. No, I don't dream about retirement. I spend less time on these boards than I did when I was 25, partially because I'm now on autopilot but also because I don't feel the same way many of you do about saving anymore. Because I see so many people daily ...
by awval999
Wed Oct 29, 2014 6:46 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you dream about retirement?
Replies: 91
Views: 7524

Re: New appliances - Stainless Steel or not?

I would go white or stainless. If you go white make sure you choose the "ipod" white or whatever the fancy white they are using now. We like stainless for what its worth.
by awval999
Tue Oct 28, 2014 5:28 pm
 
Forum: Personal Consumer Issues
Topic: New appliances - Stainless Steel or not?
Replies: 56
Views: 3879

Re: Another Student Loan payoff question

Doing great IMO. As above I would cut back on 529 and put that money into your student loans. It seems like you may be overfunding them. Once student loans are gone then probably I would just grow taxable. Wouldn't EVER overpay the mortgage though. Even the student loans you could let ride indefinit...
by awval999
Tue Oct 28, 2014 5:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Another Student Loan payoff question
Replies: 2
Views: 350

Re: Social Security 2033 and beyond

I'm 28. I turn 67 in 2053. I do still think social security will be there. However, I assume I will receive only 77% of current benefits as scheduled by law. I believe the amount of benefits will be in the range of [50-100] of current benefits. Truthfully not worth worrying about or speculating abou...
by awval999
Sun Oct 26, 2014 8:47 am
 
Forum: Investing - Theory, News & General
Topic: Social Security 2033 and beyond
Replies: 15
Views: 1410

Re: Reduce income to fall below 401k HCE threshold?

If you could reduce your income to fall below by working less overtime for example or pushing a bonus into the next year, I would say do it. To request unpaid leave... Someone will ask you why. What will you say then? I don't want you to be in a situation next year where the higher ups say, "We...
by awval999
Fri Oct 24, 2014 4:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Reduce income to fall below 401k HCE threshold?
Replies: 9
Views: 932

Re: Why are 401k plans expensive?

It's not always more expensive.

It depends on the plan. Typically (but not always) the smaller the plan/company the worse the 401k.

For example, my non-profit hospital's 403b (a non-profit version of a 401k) offers a variety of active and passive funds, including Vanguard's index funds.
by awval999
Wed Oct 15, 2014 6:53 am
 
Forum: Investing - Theory, News & General
Topic: Why are 401k plans expensive?
Replies: 39
Views: 3275

Re: Financial preparation for a Disaster Event

I keep reading that people only are getting depreciated value for their posessions?

People really don't pay extra for the replacement cost policies?
by awval999
Fri Oct 10, 2014 4:21 am
 
Forum: Personal Finance (Not Investing)
Topic: Financial preparation for a Disaster Event
Replies: 25
Views: 2993

Re: Possible Uninsured Motorist accident - UPDATE

Of course she's going to text you. That way you are out of her hair and she doesn't have to have the awkwardness of speaking to you. Congrats on getting to the end of this sticky situation.
by awval999
Thu Oct 09, 2014 7:07 am
 
Forum: Personal Consumer Issues
Topic: Possible Uninsured Motorist accident - UPDATE
Replies: 47
Views: 3902

Re: Home purchase negotiation: credit or reduced price?

The forum consensus on the last thread you made was to move on. They were never going to pay to re wire the house. I'm surprised they just didn't tell you to pound sand. If you love the house, and since it seems like you don't want to walk away I would counter at another thousand or two and see if t...
by awval999
Thu Sep 11, 2014 4:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Home purchase negotiation: credit or reduced price?
Replies: 17
Views: 1374

Re: Coin Counting Machines

Using Coinstar and receiving your money in Amazon credit is as good as cash.
You can buy anything on Amazon. Batteries, toiletries, gifts, games, etc.
I personally give all coins to my wife, except pennies. I throw away pennies.
by awval999
Wed Sep 03, 2014 6:57 pm
 
Forum: Personal Consumer Issues
Topic: Coin Counting Machines
Replies: 58
Views: 4831

Re: Should I fix a "totaled" car

I would suggest door #3. Keep it, take the money and don't repair it. You say it still drives ok. So drive it as it is. For $1600, if the thing goes 6 months, you've recovered that in what you would have made in car payments. Beyond that, you're ahead of the game. If you decide at some point that y...
by awval999
Wed Sep 03, 2014 7:15 am
 
Forum: Personal Consumer Issues
Topic: Should I fix a "totaled" car
Replies: 38
Views: 3207

Re: Establishing "Small Business" and Cheating IRS?

He can only deduct the expenses against revenue. So, yes, if he got some paying gigs he probably didn't have to pay income taxes on them because he could deduct the equipment against them. But, as far as I know, he could not deduct the expenses against his personal income. Edit: I actually did some ...
by awval999
Wed Aug 27, 2014 7:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Establishing "Small Business" and Cheating IRS?
Replies: 11
Views: 1190

Re: Can a Boglehead put down 10% on a house?

I never really understood the panic in regards to PMI. I suppose it gets stupid expensive on those Cali $800k bungalows but in the normal Midwest in a normal $200k house, it is like $70/month and that was only putting 5% down. I took LPMI instead which raises the interest rate by 0.25% instead of pa...
by awval999
Tue Aug 26, 2014 10:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Can a Boglehead put down 10% on a house?
Replies: 30
Views: 2620

Re: Buy & Hold Forever Blue Chip Stocks???

I will just simply answer the OP's question without repeating the posts above regarding the superiority of index funds.

Full disclosure, I am just simply making an educated guess.

KO
XOM
JNJ
MCD
PG
VZ
WMT
DIS
by awval999
Sun Aug 24, 2014 2:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Buy & Hold Forever Blue Chip Stocks???
Replies: 73
Views: 5583

Re: Should I fix a "totaled" car

I would suggest door #3. Keep it, take the money and don't repair it. You say it still drives ok. So drive it as it is. For $1600, if the thing goes 6 months, you've recovered that in what you would have made in car payments. Beyond that, you're ahead of the game. If you decide at some point that y...
by awval999
Sun Aug 24, 2014 10:55 am
 
Forum: Personal Consumer Issues
Topic: Should I fix a "totaled" car
Replies: 38
Views: 3207

Re: Should I fix a "totaled" car

It's done. Move on.
by awval999
Sat Aug 23, 2014 7:58 pm
 
Forum: Personal Consumer Issues
Topic: Should I fix a "totaled" car
Replies: 38
Views: 3207

Re: I need "Ultra High Net Worth" investing advice please

To be fair, as long as you don't choose to invest your entire life's savings and work in a Bernie Madoff too good to be true scheme you will be okay.

Those full service brokerages will charge you 0.5% AUM fee plus put you in 1% expense ratio funds, though.

Good job on the sale of the business!
by awval999
Sat Aug 23, 2014 2:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: I need "Ultra High Net Worth" investing advice please
Replies: 227
Views: 21717

Re: Buying a home with aluminum wiring?

We've decided to ask for a full rewire from the sellers. I am ok with the safety of the Copalum. But I am unwilling to risk higher insurance rates or having my insurance pulled completely, as well as the impact on resale. We've asked the Sellers if we can have our electrician inspect and provide an...
by awval999
Sat Aug 23, 2014 1:42 pm
 
Forum: Personal Consumer Issues
Topic: Buying a home with aluminum wiring?
Replies: 73
Views: 5470

Re: Fostering Change in HOA

Currently your HOA pays: 188 unit owners at a cost of approximately $87,000 per year. $87000 / 188 / 12 months = $38.56/month. Now I don't know if this includes internet, or how many channels you get, but this is a GOOD/GREAT deal per month. I would imagine if you start making waves here you will ge...
by awval999
Thu Aug 21, 2014 7:57 am
 
Forum: Personal Consumer Issues
Topic: Fostering Change in HOA
Replies: 41
Views: 2637

Re: Will you have to pay your parent's long term care costs?

Eventually these laws will be deemed unconstitutional as they deny the adult children "due process".
by awval999
Thu Aug 21, 2014 7:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Will you have to pay your parent's long term care costs?
Replies: 57
Views: 4506
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