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Re: Help me save my parents from Merrill Lynch

Agree with the good professor.
If, however, they can't be convinced by the numbers, maybe they give M.L. 30k (10%) and they invest the other 90%. Then see how much they have yearly after expenses?
by chipperd
Thu Jul 31, 2014 7:06 am
 
Forum: Investing - Help with Personal Investments
Topic: Help me save my parents from Merrill Lynch
Replies: 54
Views: 6668

Re: Best place to buy bike parts

Bike Nashbar?
www.bikenashbar.com
by chipperd
Sun Feb 23, 2014 11:27 am
 
Forum: Personal Consumer Issues
Topic: Best place to buy bike parts
Replies: 22
Views: 1708

Re: Pull-ups and Push-ups

Going to wade out into the potentially rough waters here. Regarding the male/female push up difference, my experience. I coach 5th/6th grade girls travel basketball. At the end of each practice, after one hour of hard practice and suicides at the end of each practice, I have them do three sets of pu...
by chipperd
Sun Feb 16, 2014 9:18 am
 
Forum: Personal Consumer Issues
Topic: Pull-ups and Push-ups
Replies: 350
Views: 46665

Re: How much should a good dentist make yearly?

A thought for the OP: I know you mentioned you take professional classes. I wonder if you and your wife would be willing to take financial classes together? My wife and I did and although it was mainly for those with lower incomes/lower net worth (Dave Ramsey; Financial Peace) we benefitted in a sen...
by chipperd
Sat Jan 11, 2014 7:43 am
 
Forum: Personal Consumer Issues
Topic: How much should a good dentist make yearly?
Replies: 78
Views: 15995

Re: How much should a good dentist make yearly?

It's a matter of respect and efficiency in scheduling. If the office is consistently 1-2 hrs behind schedule, then it's a matter of changing the scheduling to fewer and potentially longer blocks of time to more accurately reflect the reality of what the appointments require. It doesn't have to be &...
by chipperd
Sat Jan 11, 2014 7:23 am
 
Forum: Personal Consumer Issues
Topic: How much should a good dentist make yearly?
Replies: 78
Views: 15995

Re: Maximum contributions to Simple IRA for the Self Employe

Congrats on being on your own. I have been a small business owner for 10 years now. Very small, just me. When I started out I was advised to open a SEP IRA since the maximum contributions are higher; I believe 25% of net or 52,000, which ever is lower. See link: https://investor.vanguard.com/what-we...
by chipperd
Fri Jan 10, 2014 9:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Maximum contributions to Simple IRA for the Self Employed
Replies: 12
Views: 408

Re: Possible new car in the cards

In my opinion, I would fix the car for 1k or even more. While the mechanic is working on the car, if you trust him/her, ask about the overall condition of the car. We typically do this prior to purchase by paying our mechanic $50 to go through the car in an unbiased manner. Cars are depreciating ass...
by chipperd
Sun Jan 05, 2014 6:12 am
 
Forum: Personal Consumer Issues
Topic: Possible new car in the cards
Replies: 13
Views: 961

Re: Single & Frugal or Coupled & (Financially) Incompatible?

Great topic and another vote for a bogelheads singles sub forum. For what it's worth, my experience.. My wife and I met when we were 25/23. Been together 20 years, married 17. both professionals, me with small private practice. 3 kids; 2 tweens and one early teen. House, two cars, dog; you get the p...
by chipperd
Thu Jan 02, 2014 7:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Single & Frugal or Coupled & (Financially) Incompatible?
Replies: 77
Views: 5890

Re: Tips for buying a $2,000 car

That's really tough territory b/c you are talking about a 13 year old, or more, car. All the suspension connections and anything with exterior rubber will be at or near the end of it's lifespan and failing to replace, if needed, could be verrrry risky. Definitely want to spend the $ to have mechanic...
by chipperd
Fri Dec 13, 2013 6:50 am
 
Forum: Personal Consumer Issues
Topic: Tips for buying a $2,000 car
Replies: 31
Views: 2451

Re: Splitting costs on beach house

Reminds me of living with two friends as roomates in a 3 bed apt. Very different bedrooms. We decided the cost differential first, then flipped cards. Highest card picked first, second highest picked second. This way the cost differentials were decided before the decision was made about who stays wh...
by chipperd
Wed Dec 11, 2013 7:05 am
 
Forum: Personal Consumer Issues
Topic: Splitting costs on beach house
Replies: 18
Views: 1760

Re: how to set up roth for my son

Thanks to you all for your input.
Looks like he is going with the Schwab total stock fund due to low initial investment amount ($100) and low expenses (.09%)
Thanks again
by chipperd
Sun Oct 27, 2013 7:41 am
 
Forum: Investing - Theory, News & General
Topic: how to set up roth for my son
Replies: 11
Views: 886

how to set up roth for my son

Hello, I have been a frequent reader of this forum and have really learned a lot from the collective wisdom of those who contribute. I am looking for guidance regarding my 13 year old son. He has his first job as a soccer referee (yeah!) and my questions involve his expressed interest in setting up ...
by chipperd
Thu Oct 24, 2013 6:51 am
 
Forum: Investing - Theory, News & General
Topic: how to set up roth for my son
Replies: 11
Views: 886

Re: pet plan insurance

Our experience was negative. Between the cost, exceptions and deductible it didn't pay for us
by chipperd
Thu Oct 24, 2013 6:34 am
 
Forum: Personal Consumer Issues
Topic: pet plan insurance
Replies: 15
Views: 1018

Re: How to get over finance envy

Sounds like you are doing the right thing, which in my experience has very little to do with what others do or don't do. Stay your course that you feel is best and if you want a bigger house for reasons that have to do with you, not others, change your course
by chipperd
Mon Jul 08, 2013 9:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to get over finance envy
Replies: 167
Views: 17740

Re: Joining a religious order with a poverty vow

+1 on both archbish comments
by chipperd
Fri Jul 05, 2013 6:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Joining a religious order with a poverty vow
Replies: 62
Views: 3197

Re: Pen Fed 5 year equity loan. Weird!

Thanks for all the input. I think I will follow up with phone call later today to ask some more pointed questions.
by chipperd
Fri Jul 05, 2013 6:52 am
 
Forum: Personal Finance (Not Investing)
Topic: Pen Fed 5 year equity loan. Weird!
Replies: 24
Views: 2569

Pen Fed 5 year equity loan. Weird!

Hello all, Been avid reader of this site and part time poster. Wanted to briefly share my experience with our attempts to take out a home equity loan through Pen Fed CU. We owe about 140k on a home valued around 450k. Our loan is variable HELOC (prime minus 1.01%) and wanted to reduce some risk via ...
by chipperd
Thu Jul 04, 2013 7:14 am
 
Forum: Personal Finance (Not Investing)
Topic: Pen Fed 5 year equity loan. Weird!
Replies: 24
Views: 2569

Re: Which mortgage option?

Agree with watty. Seriously consider looking into paying points if you will be in the home for as long as you say. Run the numbers in a mortgage calculator. In the end, paying points on a 30 year along with the flexibility of that term probably better for your situation.
by chipperd
Sun Jun 16, 2013 6:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Which mortgage option?
Replies: 11
Views: 806

Re: Emergency Room Visit -- HDHP

Well said, erdoc. Well said.
by chipperd
Thu May 16, 2013 6:20 am
 
Forum: Personal Finance (Not Investing)
Topic: Emergency Room Visit -- HDHP
Replies: 58
Views: 4638

Re: Should I buy a car or get my current one repaired?

My vote; get the car repaired, much cheaper than buying new or used. If you don't trust the vehicle for the trip, either before or after repairs, perhaps look into renting similar car for the road trip for the three months. If trip is work related, rental may be tax deductable.
by chipperd
Tue Apr 09, 2013 7:48 am
 
Forum: Personal Consumer Issues
Topic: Should I buy a car or get my current one repaired?
Replies: 23
Views: 1740

Re: American Express Blue Cash Everyday card

Agree with the idea of paying the $75 for the additional percentage in grocery cash back.
Note: we use the penfed visa for gas only-%5 cash back on fuel.
by chipperd
Thu Mar 28, 2013 10:13 am
 
Forum: Personal Consumer Issues
Topic: American Express Blue Cash Everyday card
Replies: 26
Views: 8305

Re: save for college or pay down mortgage

Thanks for your helpful input bulldawg
by chipperd
Mon Mar 18, 2013 4:43 am
 
Forum: Personal Finance (Not Investing)
Topic: save for college or pay down mortgage
Replies: 13
Views: 1698

Re: Continuous Variable Transmissions

I have a 2008 maxima with 3.5l v6 and cvt transmission. The cvt does take some getting used to but I was drawn to it's smooth acceleration and better milage. I routinely get 25mpg overall with the large v6. On this model, you can also slide the shifter over to "manual" and shift/brake with...
by chipperd
Sun Mar 17, 2013 6:57 am
 
Forum: Personal Consumer Issues
Topic: Continuous Variable Transmissions
Replies: 78
Views: 6381

Re: save for college or pay down mortgage

Letsgobobby,
Thanks for the info and reference.
by chipperd
Sat Mar 16, 2013 12:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: save for college or pay down mortgage
Replies: 13
Views: 1698

Re: save for college or pay down mortgage

Ok, thanks again livesoft.
by chipperd
Sat Mar 16, 2013 6:59 am
 
Forum: Personal Finance (Not Investing)
Topic: save for college or pay down mortgage
Replies: 13
Views: 1698

Re: save for college or pay down mortgage

Livesoft
I found this:
http://iracontributionlimits2010.com/se ... 0/2010/08/

does this jive with what you are suggesting?
by chipperd
Fri Mar 15, 2013 9:25 am
 
Forum: Personal Finance (Not Investing)
Topic: save for college or pay down mortgage
Replies: 13
Views: 1698

Re: save for college or pay down mortgage

Thanks to you both. Livesoft, I will look into the amounts you suggested. our acct. told us that 20% was the max, but he could, and has, been wrong.
by chipperd
Fri Mar 15, 2013 9:22 am
 
Forum: Personal Finance (Not Investing)
Topic: save for college or pay down mortgage
Replies: 13
Views: 1698

Re: save for college or pay down mortgage

Livesoft, Thanks for the idea. In concept, what you say makes sense, but we were told by our accoutant that this year we can only contribute 11k to max out the SEP. Roths and 457 max, i believe, would bring the retiremement contribution total to about 39k, no? Please correct my assumptions if incorr...
by chipperd
Fri Mar 15, 2013 7:47 am
 
Forum: Personal Finance (Not Investing)
Topic: save for college or pay down mortgage
Replies: 13
Views: 1698

save for college or pay down mortgage

Hello all, I have been reading this board for a couple years, learning from the questions and posts and would like to call on the boglehead group knowledge regarding a question my wife and I are facing. Should we pay down the mortgage or, given federal/private college aid formulas, save for college,...
by chipperd
Fri Mar 15, 2013 7:12 am
 
Forum: Personal Finance (Not Investing)
Topic: save for college or pay down mortgage
Replies: 13
Views: 1698

Re: Never Want To Take Out A Loan Again.

I agree with all who have suggested that you set up a budget and spend less than you take in and I would add plan for that next emergency. While I am not a fan of Dave Ramsey's investment advice (as someone mentioned above) my wife and I ( and kids) are in his "Financial Peace University" ...
by chipperd
Sun Mar 03, 2013 7:34 am
 
Forum: Personal Consumer Issues
Topic: Never Want To Take Out A Loan Again.
Replies: 110
Views: 7497

Re: making our money work for us

The other posters are much nicer then me. You are 35 and couldn't afford the first house (still have the PMI to show for it), have not invested for future retirement, AND now considering buying another house. You need to start thinking about being responsible individuals and develop a well thought ...
by chipperd
Wed Feb 27, 2013 5:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: making our money work for us
Replies: 64
Views: 6390

Re: Can I Afford this House?

Don't overthink this. At 26/27 you are absolutely CRUSHING it in the amount of accumulated retirement savings. I know part of it is inherited, but trust me your bank account does not know the difference. I know 57 years olds that would do anything to have the same portfolio. Even with conservative ...
by chipperd
Thu Jan 24, 2013 11:44 am
 
Forum: Personal Finance (Not Investing)
Topic: Can I Afford this House?
Replies: 57
Views: 3107

Re: 26 and self employed [Portfolio help]

Hi, Welcome. I am self employed and have been for about 8 years. I set up a SEP (called self employed pension) which sounds like it may be similar to a solo 401k. It's not really a pension plan but a vehicle that you can put up to 20% of your agi away annually into tax diferred savings. The limit is...
by chipperd
Wed Jan 09, 2013 7:10 am
 
Forum: Investing - Help with Personal Investments
Topic: 26 and self employed [Portfolio help]
Replies: 5
Views: 642

Re: minivan thing

Regarding your requested info, we had 3 kids in a 4.5 year span and have had 2 siennas (we are on our second). The first we bought used and drove 200k. On our second, a 2005 and it has 135K and running fine. My wife has been the primary driver of both and she is tough on a vehicle. Agree with all th...
by chipperd
Sun Jan 06, 2013 8:29 am
 
Forum: Personal Consumer Issues
Topic: minivan thing
Replies: 84
Views: 4900

Re: What was your 2012 return?

12.3% with allocation of %55 stock, %30 bonds and %15 cash/short term
by chipperd
Sun Jan 06, 2013 8:07 am
 
Forum: Investing - Theory, News & General
Topic: What was your 2012 return?
Replies: 275
Views: 20375

Re: I sold all my mutual funds and stocks on December 20th

Thanks to the OP for posting a follow up. We don't get to see the outcomes here to often and I myself don't often post outcomes, but now realize that this is a valuable part of contributing to the board. Thanks. The information is both interesting and for many here including myself, reassuring.
by chipperd
Fri Jan 04, 2013 6:25 am
 
Forum: Personal Finance (Not Investing)
Topic: I sold all my mutual funds and stocks on December 20th
Replies: 72
Views: 8954

Re: Should I move from upstate NY to Los Angeles, CA?

IMHO, if the job in cali is solid and you want the lifestyle change that the move offers, I would move with caveat of not having kids until a solid period of time went by that the cali lifestyle works for you and your wife/family, say at least a year.
by chipperd
Tue Jan 01, 2013 9:57 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I move from upstate NY to Los Angeles, CA?
Replies: 64
Views: 4557

Re: New car or used car?

by chipperd
Sun Dec 23, 2012 7:54 am
 
Forum: Personal Consumer Issues
Topic: New car or used car?
Replies: 31
Views: 3170

Re: New car or used car?

We have bought both new and used, although mainly used in the 3 year old certified range. Here is a generic calculator to play around with. I used a scenario we have used over the past 4 cars, buy a 3 year old car and keep it for 10 years vs. buy a new car and keep it for 13 years. Buying used came ...
by chipperd
Sun Dec 23, 2012 7:53 am
 
Forum: Personal Consumer Issues
Topic: New car or used car?
Replies: 31
Views: 3170

Re: If you had a windfall, would you pay off a loan with 2.5

For my situation, I would vote yes but would have to answer these questions first: are the amounts the same? tax implications (do you get to write off interest paid on student loan)? How this loan/windfall fit into the rest of your portfolio?
by chipperd
Sat Dec 22, 2012 6:55 am
 
Forum: Personal Finance (Not Investing)
Topic: If you had a windfall, would you pay off a loan with 2.5% in
Replies: 34
Views: 2909

Re: Question for the bogleheads

Steven Covey says "Begin with the end in Mind", hence the "...til death do you part" stuff, aka the end.
If you are beginning with divorce as the end in mind, perhaps reconsider the start.
by chipperd
Tue Dec 18, 2012 8:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Divorce question for the Bogleheads
Replies: 101
Views: 4644

Re: So much for the 2% Cash Back Sallie Mae Visa card

amex blue. cost $75 but it's 3%/6% gas/groceries (i forget which). pays for itself in a month. rest is gravey
by chipperd
Sat Dec 08, 2012 9:54 am
 
Forum: Personal Finance (Not Investing)
Topic: So much for the 2% Cash Back Sallie Mae Visa card
Replies: 41
Views: 4805

Re: High Salary & High COL vs Low Salary & Low COL

High COL + High salary = options at retirement
by chipperd
Sun Dec 02, 2012 7:44 am
 
Forum: Personal Consumer Issues
Topic: High Salary & High COL vs Low Salary & Low COL
Replies: 80
Views: 5791

Re: looking to switch banks

Thanks for the ideas all. To answer, no military background. The self employed payments are all checks, some from private insurers, some from clients and some from govt. institutions.
by chipperd
Mon Nov 05, 2012 7:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: looking to switch banks
Replies: 14
Views: 1057

looking to switch banks

Hello all bogleheads, Looking forward to some guidance on the following: Been looking online to switch our online checking account to a bank/institution that offers checking with no fees and am a bit anxious about the "online only" banks, although they seem to offer some of the best option...
by chipperd
Sun Nov 04, 2012 6:56 am
 
Forum: Personal Finance (Not Investing)
Topic: looking to switch banks
Replies: 14
Views: 1057

Re: Prepay loans or invest in taxable?

my wife and i are thinking of refinancing and since you have 30 years left it seems you may have recently financed. We would love to find out where you got that great rate! thanks
by chipperd
Wed Oct 03, 2012 6:38 am
 
Forum: Investing - Help with Personal Investments
Topic: Prepay loans or invest in taxable?
Replies: 26
Views: 1494

Re: highest cd rates?

thanks all. very helpful as usual.
by chipperd
Wed Jul 25, 2012 2:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: highest cd rates?
Replies: 19
Views: 3546

highest cd rates?

Hi all,
While I don't post much, I follow and respect the bogleheads daily and am wondering where this group has found the highest cd rates of late?
Thanks
by chipperd
Wed Jul 25, 2012 5:54 am
 
Forum: Personal Finance (Not Investing)
Topic: highest cd rates?
Replies: 19
Views: 3546

Re: Real Estate Agent NOT Letting Me To View a House!

anyone who sells their home for more than asking price most likely had an agent who misjudged the market
by chipperd
Wed Jun 27, 2012 8:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Real Estate Agent NOT Letting Me To View a House!
Replies: 34
Views: 4444

Re: Lending Clubs

I have been with "Lending Club" with the minimum investment ($500) since the start of the year. No defaults or late payments yet. Have 21 loans. One paid off early. No concerns or issues yet, but plan to stay at the minimum for at least a year to see how things go. Stuck with conservative ...
by chipperd
Wed Jun 13, 2012 5:54 am
 
Forum: Personal Finance (Not Investing)
Topic: Lending Clubs
Replies: 39
Views: 3163
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