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Re: Dave Ramsey still defending 12% and still angry at "nerd

I just watched the video, and I didn't think Mr. Ramsey sounded any angrier than usual. Rather, it just sounded like the common derisive style of delivery used to project authority in the talk-show world. I agree, though, that he's not as accurate as he should be with regard to the 12%, and it's eve...
by crboone
Sun Aug 10, 2014 2:01 am
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey still defending 12% and still angry at "nerds"
Replies: 194
Views: 22770

Re: Keep or Transfer WFA IRA?

BrandonBogle wrote:I think life would be simpler moving this account to Vanguard. But yes, you do have options if you decide against it.


Thank you. I figured that was probably the case but needed more experienced advice to know for sure, so I really appreciate your replies.
by crboone
Sat Aug 03, 2013 5:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Keep or Transfer WFA IRA?
Replies: 11
Views: 336

Re: Keep or Transfer WFA IRA?

I rarely have more than $5K in WF checking, too, but I get all those Vanguard funds for free at WellsTrade anyways and zero fee and low expenses, but that doesn't help you nowadays. I probably don't understand how WellsTrade + PMA works (or worked). I thought you had to have $25K (or something like...
by crboone
Sat Aug 03, 2013 5:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Keep or Transfer WFA IRA?
Replies: 11
Views: 336

Re: Keep or Transfer WFA IRA?

I would move it to Vanguard. You pay $95 to move it out now, but you avoid $40 next month and $40+ every year until the account runs dry. If I read this correctly, this is an inherited IRA that must be depleted in substantially equal installments? Makes no sense to pay an on-going annual fee if you...
by crboone
Sat Aug 03, 2013 5:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Keep or Transfer WFA IRA?
Replies: 11
Views: 336

Re: Keep or Transfer WFA IRA?

I rarely have more than $5K in WF checking, too, but I get all those Vanguard funds for free at WellsTrade anyways and zero fee and low expenses, but that doesn't help you nowadays. I probably don't understand how WellsTrade + PMA works (or worked). I thought you had to have $25K (or something like...
by crboone
Sat Aug 03, 2013 5:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Keep or Transfer WFA IRA?
Replies: 11
Views: 336

Re: Keep or Transfer WFA IRA?

Get out now unless you are one of those folks grandfathered into no-fee, no-commission WellsTrade + PMA deal. I am not, and, while we do have our main checking at WF, it's never more than about $5K at any one time unless I'm transferring funds in and out. That's what I was thinking, but I wanted to...
by crboone
Sat Aug 03, 2013 4:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Keep or Transfer WFA IRA?
Replies: 11
Views: 336

Keep or Transfer WFA IRA?

I have a new, small (~11k) Beneficiary IRA at Wells Fargo. It's currently in 2 UITs, First Trust Capital Strength and First Trust Diversified Fixed Income (which I know little about). WF is going to charge the $40 account fee next month. I believe the fee goes up once the IRA goes below $10k, if I'm...
by crboone
Sat Aug 03, 2013 4:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Keep or Transfer WFA IRA?
Replies: 11
Views: 336

ST/IT Bonds for EF?

Given the current situation with bonds, is it still advisable to place EF funds into Short- or Immediate-Term bond funds? I understand that for retirement funds one's allocation should remain the same unless there's an underlying reason to change (ie. age-in-bonds, etc). But for an EF, should I pres...
by crboone
Tue Jun 11, 2013 11:30 am
 
Forum: Investing - Help with Personal Investments
Topic: ST/IT Bonds for EF?
Replies: 1
Views: 139

Re: Rick Ferri

Congratulations, Rick, for this honor. It's a pleasure reading your insightful and helpful comments on Bogleheads.org.
by crboone
Mon Feb 04, 2013 12:55 pm
 
Forum: Investing - Theory, News & General
Topic: Rick Ferri [Selected as WSJ Industry Expert]
Replies: 19
Views: 2983

Re: Question about purchasing online CDs or iBonds

That's not how I read. I think the conclusion was that you could push money from Vanguard to TD so that you would have money at TD to buy I bonds. That doesn't mean you can redeem an I bond at TD and push the money back to Vanguard. TD will push the money back to your linked checking account, which...
by crboone
Sun Feb 03, 2013 1:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Question about purchasing online CDs or iBonds
Replies: 12
Views: 1082

Re: Question about purchasing online CDs or iBonds

Oh okay. So it sounds like I do need to transfer back to my checking first, then. I appreciate the information.
by crboone
Sat Feb 02, 2013 3:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Question about purchasing online CDs or iBonds
Replies: 12
Views: 1082

Re: Question about purchasing online CDs or iBonds

Yes, thank you. That answers my question. I was only wondering if I could transfer the money *from* my Vanguard MM directly to a Treasury Direct account, or to an online bank CD account -- to use Vanguard as the hub rather than my checking account. I realize it's easy enough to transfer the money ba...
by crboone
Sat Feb 02, 2013 1:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Question about purchasing online CDs or iBonds
Replies: 12
Views: 1082

Question about purchasing online CDs or iBonds

If I would like to purchase iBonds from Treasury Direct or a CD from an online bank, is it as simple as transferring some available funds directly from Vanguard to TD or the bank? Or would I need to fill out paperwork and/or transfer the money from my local bank?
by crboone
Sat Feb 02, 2013 1:41 am
 
Forum: Investing - Help with Personal Investments
Topic: Question about purchasing online CDs or iBonds
Replies: 12
Views: 1082

Re: Happy Birthday Taylor

Happy Birthday, Taylor. I appreciate your insights (always worded with care and to the point) and your quotation collections.

Maybe one day I'll discover at least one of the roads to Dublin! :)

Regards,

Ryan
by crboone
Fri Jan 25, 2013 9:33 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Happy Birthday Taylor
Replies: 81
Views: 4065

Re: Is This A Good Plan For A Modest Inheritance?

Thanks all. I think I'll plan to put the money into the retirement accounts since that's where I really need it the most at this time (though I understand why some would pay off the loans). I really appreciate your replies.
by crboone
Sat Jan 05, 2013 11:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is This A Good Plan For A Modest Inheritance?
Replies: 16
Views: 1707

Re: Is This A Good Plan For A Modest Inheritance?

If you pay off your loans you will have more money to put into your retirement accounts every month. You will also be earning the 1.5% interest on the money you would have been paying to the loan holder. IMHO I would pay off the loans, increase my monthly retirement contributions and be very thankf...
by crboone
Fri Jan 04, 2013 2:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is This A Good Plan For A Modest Inheritance?
Replies: 16
Views: 1707

Re: Is This A Good Plan For A Modest Inheritance?

Thank you for your replies. I definitely need to prioritize whether or not I should (or could) pay off one or both of the auto loans. I have thought about just paying off one loan as well. A big part of what I do regarding the loan payments will be the amount received on the house, but I do want to ...
by crboone
Fri Jan 04, 2013 2:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is This A Good Plan For A Modest Inheritance?
Replies: 16
Views: 1707

Re: Is This A Good Plan For A Modest Inheritance?

The problem is that you would might have more cash flow than you are allowed to put into the retirement accounts, and be forced to invest in taxable accounts. If you won't have that problem, then paying off the low-interest car loans is a good idea. But if you have to put $11,500 in a taxable accou...
by crboone
Fri Jan 04, 2013 1:07 am
 
Forum: Investing - Help with Personal Investments
Topic: Is This A Good Plan For A Modest Inheritance?
Replies: 16
Views: 1707

Re: Is This A Good Plan For A Modest Inheritance?

OP, I'm sorry for your loss. As for contributing more to tax-advantaged retirement accounts, versus paying off debt at that very low rate, I'd put money into the retirement accounts. You only get to shelter so much per year in 403(b) and IRAs, and once that year's gone, then you've lost that opport...
by crboone
Thu Jan 03, 2013 10:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is This A Good Plan For A Modest Inheritance?
Replies: 16
Views: 1707

Re: Is This A Good Plan For A Modest Inheritance?

Maybe it's just me, but I would absolutely pay off the debt. Debt is still debt, and debt is bad, no matter how low the interest rate. I don't buy into that "good debt," or "free money" BS. I would pay off the debt and park the rest in either I-bonds or a taxable account. Then, ...
by crboone
Thu Jan 03, 2013 10:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is This A Good Plan For A Modest Inheritance?
Replies: 16
Views: 1707

Is This A Good Plan For A Modest Inheritance?

I am a recent Boglehead in practice (though not in intellect). My mother passed away recently and left me a small inheritance, which was all she had left. It's about 1 ½ – 2x the amount of my EF. I'm wondering if anyone could offer suggestions as to what to do with it. I do have a plan idea (see bel...
by crboone
Thu Jan 03, 2013 9:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is This A Good Plan For A Modest Inheritance?
Replies: 16
Views: 1707

Re: The Difficult Tale of Budget Cutbacks

I'm sorry that I phrased my post in a way that you read as judgmental, since my point was exactly the opposite of that. I did write "if it were me I would do this", but I was postulating that I shared your #1 priority (I actually have no strong feelings about homeschooling), and advocatin...
by crboone
Sun Sep 30, 2012 4:05 pm
 
Forum: Personal Consumer Issues
Topic: The Difficult Tale of Budget Cutbacks
Replies: 129
Views: 4205

Re: The Difficult Tale of Budget Cutbacks

-- Deleted --
by crboone
Sun Sep 30, 2012 3:36 pm
 
Forum: Personal Consumer Issues
Topic: The Difficult Tale of Budget Cutbacks
Replies: 129
Views: 4205

Re: The Difficult Tale of Budget Cutbacks

-- Deleted --
by crboone
Sun Sep 30, 2012 3:35 pm
 
Forum: Personal Consumer Issues
Topic: The Difficult Tale of Budget Cutbacks
Replies: 129
Views: 4205

Re: The Difficult Tale of Budget Cutbacks

-- Deleted --
by crboone
Sun Sep 30, 2012 3:34 pm
 
Forum: Personal Consumer Issues
Topic: The Difficult Tale of Budget Cutbacks
Replies: 129
Views: 4205

Re: The Difficult Tale of Budget Cutbacks

-- Deleted --
by crboone
Sun Sep 30, 2012 3:23 pm
 
Forum: Personal Consumer Issues
Topic: The Difficult Tale of Budget Cutbacks
Replies: 129
Views: 4205

Re: To Fence ... Or Not?

At all my past houses I had surveyors mark my property to avoid any future problems with neighbors and property lines. I had read that such a property dispute led to killing of a neighbor in the 1970s in NY. In one of my houses a neighbor used to move his boat across my yard twice a year, no proble...
by crboone
Sun Sep 30, 2012 2:45 pm
 
Forum: Personal Consumer Issues
Topic: To Fence ... Or Not?
Replies: 71
Views: 6005

Re: The Difficult Tale of Budget Cutbacks

I could be less aggressive, yes. But I'm also far behind and have other things coming up. I'm concerned that waiting any longer will be continuing down the same path of not saving enough, but now happens to be when expenses are on the rise. It doesn't sound like you have an idea of how much you nee...
by crboone
Sun Sep 30, 2012 2:25 pm
 
Forum: Personal Consumer Issues
Topic: The Difficult Tale of Budget Cutbacks
Replies: 129
Views: 4205

Re: The Difficult Tale of Budget Cutbacks

I disagree some with others to suggest to move closer. The drive costs you probably around 250$ - 350$ per month dependent how you calculate depreciation on the car. Only if you can get close enough to get rid of 1 car then it would save enough. Dependent where your work is you might pay more for h...
by crboone
Sun Sep 30, 2012 2:06 pm
 
Forum: Personal Consumer Issues
Topic: The Difficult Tale of Budget Cutbacks
Replies: 129
Views: 4205

Re: The Difficult Tale of Budget Cutbacks

You asked about ooma earlier. I moved straight to google voice (it is still free until the end of the year and they did extend this pretty much every year before). Why don't you just try it with your pc or laptop and see what the quality is. I bought an obi100 and use it with google voice and our p...
by crboone
Sun Sep 30, 2012 12:59 am
 
Forum: Personal Consumer Issues
Topic: The Difficult Tale of Budget Cutbacks
Replies: 129
Views: 4205

Re: The Difficult Tale of Budget Cutbacks

Thank you, very helpful comments. Question: does the Ooma work well (reliably)? I've heard/read bad things about MajicJack in the past, so I'm leery about that kind of thing. But maybe Ooma is different. I did read about this on another thread and linked the website for review. In a little over yea...
by crboone
Sun Sep 30, 2012 12:01 am
 
Forum: Personal Consumer Issues
Topic: The Difficult Tale of Budget Cutbacks
Replies: 129
Views: 4205

Re: The Difficult Tale of Budget Cutbacks

Fellow home schooling family here. Stan's post is right and you need to listen to your wife on this decision. She is in a position to know best the impact swim is having on your daughter and in the context of her other activities/curricula/social interactions. If your wife thinks your daughter is b...
by crboone
Sat Sep 29, 2012 11:57 pm
 
Forum: Personal Consumer Issues
Topic: The Difficult Tale of Budget Cutbacks
Replies: 129
Views: 4205

Re: The Difficult Tale of Budget Cutbacks

Back in 2009, I freaked out. My business that had done extremely well from 2003 - 2007 had evaporated. I had gotten laid off from the cushy job I got in Jan. 2008. My investments were 90% in equities, and their value was down in proportion with the overall drop in the stock market. I decided to get...
by crboone
Sat Sep 29, 2012 11:35 pm
 
Forum: Personal Consumer Issues
Topic: The Difficult Tale of Budget Cutbacks
Replies: 129
Views: 4205

Re: The Difficult Tale of Budget Cutbacks

Ok, to avoid beating the same issues to death, perhaps this is a good place to stop and consider the ideas that have been offered. Thankfully, there's a whole month ahead to think about this and weigh possible options/alternatives. It's entirely possible that something which seems unreasonable to me...
by crboone
Sat Sep 29, 2012 10:32 pm
 
Forum: Personal Consumer Issues
Topic: The Difficult Tale of Budget Cutbacks
Replies: 129
Views: 4205

Re: The Difficult Tale of Budget Cutbacks

In theory, I agree with your post; however, if you've read his previous posts, you'll realized his house is way under water and by selling his house, the loss he would have to take will probably be enough to pay for one of his cars if not both. So financially I am not sure if he will come out ahead...
by crboone
Sat Sep 29, 2012 10:20 pm
 
Forum: Personal Consumer Issues
Topic: The Difficult Tale of Budget Cutbacks
Replies: 129
Views: 4205

Re: The Difficult Tale of Budget Cutbacks

stan1 wrote:My summary, and then I'll leave you alone:
Go with your wife's intuition on the swimming.
You've already told us she's smarter than you, as well as a good manager of money (frugal). :P


There's a lot of wisdom in this consideration. :) I can't deny the statement.
by crboone
Sat Sep 29, 2012 10:12 pm
 
Forum: Personal Consumer Issues
Topic: The Difficult Tale of Budget Cutbacks
Replies: 129
Views: 4205

Re: The Difficult Tale of Budget Cutbacks

VictoriaF wrote:Terminate the swim team and compensate your daughter with an expensive one-time gift. For example, you could buy her a bicycle or an iPad.

Victoria


Actually, we do plan to buy her a new bicycle as her birthday is coming up. And she does have a Nook. :)
by crboone
Sat Sep 29, 2012 10:11 pm
 
Forum: Personal Consumer Issues
Topic: The Difficult Tale of Budget Cutbacks
Replies: 129
Views: 4205

Re: The Difficult Tale of Budget Cutbacks

As DualIncomeNoDebt has pointed out, the swim team is not your major problem in the budget. Your choices of living location and employer (e.g. your personal lifestyle choices) are the problem. You seem to have resigned yourself to this, thinking you could not sell the house or you would take a loss...
by crboone
Sat Sep 29, 2012 10:10 pm
 
Forum: Personal Consumer Issues
Topic: The Difficult Tale of Budget Cutbacks
Replies: 129
Views: 4205

Re: The Difficult Tale of Budget Cutbacks

Hi all -- for some reason my IP was blocked and I had to enter the CAPTCHA and log in 3 times to get in. So if I abruptly stop responding, that's why ...
by crboone
Sat Sep 29, 2012 9:59 pm
 
Forum: Personal Consumer Issues
Topic: The Difficult Tale of Budget Cutbacks
Replies: 129
Views: 4205

Re: The Difficult Tale of Budget Cutbacks

Yes, you are correct about my retirement situation, which factors into this. But alongside of that are the other looming expenses which could be more than typical EF money. Thus, the overall budget has to be examined. Isn't this how hard choices are made (and sometimes, better alternatives found)? ...
by crboone
Sat Sep 29, 2012 8:09 pm
 
Forum: Personal Consumer Issues
Topic: The Difficult Tale of Budget Cutbacks
Replies: 129
Views: 4205

Re: The Difficult Tale of Budget Cutbacks

Is it something your daughter lives for -- or is it a fight to get her into the car every day? 10 is old enough to have some input. Swimming 6 days per week for a 10 year old isn't just recreational, its starting her on track to be a future NCAA athlete if she is excelling. If she is doing well the...
by crboone
Sat Sep 29, 2012 7:45 pm
 
Forum: Personal Consumer Issues
Topic: The Difficult Tale of Budget Cutbacks
Replies: 129
Views: 4205

Re: The Difficult Tale of Budget Cutbacks

This might be heresy here, but perhaps you need to be less aggressive in your savings goals now with the plan to be more aggressive in your 50s. That's the plan most Americans use. That's why there are catch-up provisions in 401Ks and IRAs. What percentage were you saving before toward retirement a...
by crboone
Sat Sep 29, 2012 7:44 pm
 
Forum: Personal Consumer Issues
Topic: The Difficult Tale of Budget Cutbacks
Replies: 129
Views: 4205

Re: The Difficult Tale of Budget Cutbacks

I think everybody here can find something to cut on this list. But all those cuts would come from our own biases . For example, no way in heck would I pay for ..... Well, since the list disappeared, it's moot, huh? (Probably a good decision to delete.) One thing I think you and your wife (and maybe...
by crboone
Sat Sep 29, 2012 7:19 pm
 
Forum: Personal Consumer Issues
Topic: The Difficult Tale of Budget Cutbacks
Replies: 129
Views: 4205

Re: The Difficult Tale of Budget Cutbacks

I'm still getting the impression part of this is a time management/life complexity issue for you: Will your employer let you telecommute 1 or 2 days per week? Could your parents sell their house and move into the foreclosure down the street? And from a perspective we haven't heard yet: How do your ...
by crboone
Sat Sep 29, 2012 7:05 pm
 
Forum: Personal Consumer Issues
Topic: The Difficult Tale of Budget Cutbacks
Replies: 129
Views: 4205

Re: The Difficult Tale of Budget Cutbacks

In my experience with budgeting, it's the big things that sink you, not the small things. Unfortunately, the big ones are hardest to change. When I'm talking big things, I'm talking about the house and the cars. I have lots of room in my budget because I spend a tiny percentage of it on housing and...
by crboone
Sat Sep 29, 2012 6:58 pm
 
Forum: Personal Consumer Issues
Topic: The Difficult Tale of Budget Cutbacks
Replies: 129
Views: 4205

Re: The Difficult Tale of Budget Cutbacks

--- Deleted ---
by crboone
Sat Sep 29, 2012 5:57 pm
 
Forum: Personal Consumer Issues
Topic: The Difficult Tale of Budget Cutbacks
Replies: 129
Views: 4205

Re: The Difficult Tale of Budget Cutbacks

Sounds like you have an income problem, not an expense problem. You're wife home schools....so she can get an overnight job at Fed Ex or UPS. When do you get home from work? Can she leave for her job at that point? Is there an upscale restaurant nearby? If so, she could work 4-5 hours at dinner tim...
by crboone
Sat Sep 29, 2012 5:29 pm
 
Forum: Personal Consumer Issues
Topic: The Difficult Tale of Budget Cutbacks
Replies: 129
Views: 4205

Re: The Difficult Tale of Budget Cutbacks

There are so many suggestions going on here that it would be easy to think "I've already thought that one out" or "this won't work for our family because...." And for the most part, you're probably right. Just be sure you don't go into defensive mode and begin to reject everythi...
by crboone
Sat Sep 29, 2012 5:24 pm
 
Forum: Personal Consumer Issues
Topic: The Difficult Tale of Budget Cutbacks
Replies: 129
Views: 4205

Re: The Difficult Tale of Budget Cutbacks

I think about budgeting a little bit different then most. I think folks focus on the smaller expenditures too much, i.e. cell phone, cable, internet, etc... That is good if your trying to save a few dollars here or there. If one is trying to make big changes in their financial bottom line then you ...
by crboone
Sat Sep 29, 2012 5:16 pm
 
Forum: Personal Consumer Issues
Topic: The Difficult Tale of Budget Cutbacks
Replies: 129
Views: 4205

Re: The Difficult Tale of Budget Cutbacks

How much are swim lessons and how much have you set aside for your daughter for college? Tell her you need her to chip in a few hundred dollars a month from her college fund if she wants to keep swimming. Or, better yet, maybe have her get an income generating hobby instead of swimming. She is only...
by crboone
Sat Sep 29, 2012 5:13 pm
 
Forum: Personal Consumer Issues
Topic: The Difficult Tale of Budget Cutbacks
Replies: 129
Views: 4205
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