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Re: Can this 4% CD be trusted?

It may be one of these: http://www.mymoneyblog.com/new-marketin ... rates.html

I value my time too much, so won't go to insurance and time-share type pitches for the freebies.
by dad2000
Tue Apr 15, 2014 2:11 pm
 
Forum: Investing - Theory, News & General
Topic: Can this 4% CD be trusted?
Replies: 21
Views: 2419

Re: Asness & Fama on Bloomberg TV NOW

This is great stuff. More informative than 1000 hours of that other noise spewing channel.

Consuelo Mack is also frequently worth watching.
by dad2000
Tue Apr 15, 2014 11:50 am
 
Forum: Investing - Theory, News & General
Topic: Asness & Fama on Bloomberg TV NOW
Replies: 23
Views: 1148

Re: I'm on a mission for more security

Some other suggestions: 1. Configure all of your accounts (banks, credit, etc.) to send you email alerts for significant transactions. 2. Consider using a separate and more secure/private email account for your financial emails. I host my own server, not practical for most. Best is probably Neomailb...
by dad2000
Tue Apr 15, 2014 11:30 am
 
Forum: Personal Finance (Not Investing)
Topic: I'm on a mission for more security
Replies: 15
Views: 1560

Re: How much water do you drink every day?

1-2 quarts most days. 6-8 quarts on my longer workout days. I participate in an endurance sport.

Also, about a quart of green tea daily, which is about as healthy as water.
by dad2000
Mon Mar 31, 2014 9:40 pm
 
Forum: Personal Consumer Issues
Topic: How much water do you drink every day?
Replies: 70
Views: 2855

Re: Expensive hobbies and possessions? (B/c you can...)

Possessions:
McMansion + oceanview vacation home.

Hobbies:
Almost all sports/fitness related. Between us and the kids, we spend >$25k/year on equipment, training, events/travel, etc. We're all extremely healthy, so well worth it IMHO.
by dad2000
Mon Mar 31, 2014 9:34 pm
 
Forum: Personal Consumer Issues
Topic: Expensive hobbies and possessions? (B/c you can...)
Replies: 126
Views: 9238

Re: Keep/Backup Health Care Records?

I recently requested and received copies of my military health care records. Those were not online to my knowledge.

Most of our recent records are available online, but I still create PDF copies for my own records.
by dad2000
Mon Mar 24, 2014 3:45 pm
 
Forum: Personal Consumer Issues
Topic: Keep/Backup Health Care Records?
Replies: 12
Views: 696

Re: POLL: Do you have a financial advisor?

With 185 votes in at this point, no Bogleheads with under $1M in their portfolio use an advisor. I'd be curious to know: a) A little more about the portfolio size (maybe <$2M, <$5M, <$10M, >=$10M) b) Their primary reason for using an advisor (ie investment advice, tax advice, estate planning, etc.) ...
by dad2000
Fri Mar 21, 2014 1:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Do you have a financial advisor?
Replies: 37
Views: 1987

Re: Was frugality a mistake? The downsides of saving too mu

With effort, one can be frugal, yet enjoy many of life's luxuries. I've owned some luxurious sports cars. Instead of focusing in on one model, I took advantage of some leases with artificially high residual value and low rates. Been to Superbowl, NBA finals, top-name fights. In season, I've stayed i...
by dad2000
Sat Mar 15, 2014 12:11 pm
 
Forum: Personal Consumer Issues
Topic: Was frugality a mistake? The downsides of saving too much.
Replies: 115
Views: 8814

Re: I don't want to upgrade XP just yet, is that ok?

Made the switch a while back. If you use email, or sites other than Bogleheads, I think you're best served by buying a new system because of all the malware out there. Hopefully you can still buy a system with WIndows 7. Windows 8, IMHO, is absolutely awful from a user experience and productivity pe...
by dad2000
Fri Mar 14, 2014 8:07 am
 
Forum: Personal Consumer Issues
Topic: I don't want to upgrade XP just yet, is that ok?
Replies: 86
Views: 6358

Re: How did you decide how much to save?

I never decided how much to save because my income is variable.

I budget what to spend, ensuring that it is less than my base salary. Then I save everything else. Long term average is about 20% of gross, or 28% of net.

Were my income more predictable, I'd probably try to save 15%.
by dad2000
Thu Mar 13, 2014 2:52 pm
 
Forum: Investing - Theory, News & General
Topic: How did you decide how much to save?
Replies: 119
Views: 9182

Re: Amazon hikes cost of Prime to $99

We have transferred much of our non-grocery shopping to Amazon, so the savings in gas alone would cover the membership fee. We have also been able to cut out all premium programming (except for sports) from our cable bill. Instead, we use Prime, and a few months of Netflix during the summer. We also...
by dad2000
Thu Mar 13, 2014 2:40 pm
 
Forum: Personal Consumer Issues
Topic: Amazon Prime Increase
Replies: 185
Views: 7660

Re: What's a reasonable composite expense ratio?

I think anything under 0.50% is reasonable. But that can be tough for people who have poor 401K plans.

Mine:
529s: .35%
401Ks: .39%
Other: .09% (Taxable, IRA, Roth, HSA)
Composite: .26%
by dad2000
Wed Mar 12, 2014 3:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: What's a reasonable composite expense ratio?
Replies: 62
Views: 2882

Re: non-compete [Employer NDA and Non-Compete agreements]

I'm not an attorney but have direct knowledge of a couple cases in MA. Generally, the narrower the restrictions, the more favorable the court looks upon the NC. I think what this really comes down to is how litigious your employer is. If they are willing to spend the money to enforce the NC, it woul...
by dad2000
Tue Mar 11, 2014 9:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: non-compete [Employer NDA and Non-Compete agreements]
Replies: 35
Views: 1572

Re: excessive fees and dominated funds plague 401k plans

dad Seems to me you should at least get them to offer passive, low cost funds as options, and getting rest of employees on board demanding it. Larry Larry, Agreed, but much easier said than done. I'm not allowed to advise or educate outside the committee. As we all know, indexing provides better th...
by dad2000
Tue Mar 11, 2014 9:09 pm
 
Forum: Investing - Theory, News & General
Topic: excessive fees and dominated funds plague 401k plans
Replies: 17
Views: 842

Re: excessive fees and dominated funds plague 401k plans

I agree. I'm on our 401K committee and can't get much done. The "fiduciary" guides the plan, so of course, we have mostly active funds. People chase * ratings and past performance. Average ER is >1%. I have to slice & dice in a crazy way to keep my 401K portfolio ER to about 0.5%, but ...
by dad2000
Tue Mar 11, 2014 7:14 pm
 
Forum: Investing - Theory, News & General
Topic: excessive fees and dominated funds plague 401k plans
Replies: 17
Views: 842

Re: What age to buy I bonds?

I like them because they are very adaptable: - They can be tax-exempt (subject to AGI limits) when used for qualified college expenses. - They are the best inflation hedge (along with TIPS, but I prefer I-bonds in taxable space) - They can be used as an emergency fund - They can be used as flooring ...
by dad2000
Tue Mar 04, 2014 9:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: What age to buy I bonds?
Replies: 29
Views: 2529

Re: International Fund Merger Info

I own some of this fund and agree with the issues raised by OP. Both of these funds have well over $10B in assets, so I don't think this had to be done for cost reasons.

The followup question: Where else would one go to get a tax-managed ex-US index fund for ER=10bp?
by dad2000
Tue Mar 04, 2014 5:01 pm
 
Forum: Investing - Theory, News & General
Topic: International Fund Merger Info
Replies: 16
Views: 782

Re: You know you're a Boglehead when ...

When the market dips on the invasion of Ukraine, and your biggest complaint of the day is that the format of your favorite website has too much whitespace or is not optimized for all monitor resolutions.
by dad2000
Mon Mar 03, 2014 10:55 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: You know you're a Boglehead when ...
Replies: 86
Views: 5160

Re: Will I have enough? Boglehead input needed!

Without knowing your estimated expenses in retirement, it's hard to know.

Have you tried entering your scenario into Firecalc? It will give you a reasonable estimate of success rate.
by dad2000
Mon Mar 03, 2014 5:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Will I have enough? Boglehead input needed!
Replies: 2
Views: 621

Re: Timing Russian stocks right now

Bogleheads that have Emerging Markets as a separate holding in their AA will likely end up buying more of their EM holding as part of their rebalancing process.
by dad2000
Mon Mar 03, 2014 1:42 pm
 
Forum: Investing - Theory, News & General
Topic: Timing Russian stocks right now
Replies: 22
Views: 1310

Re: 529 contributions and future tuition costs

Do most people really think tuition will increase at 7% over the next 18 years? I think technology and things like MOOCS will help bring costs down. We can all take classes for free at some of the top universities in the world. I even think the value of a diploma will start to decrease over time (e...
by dad2000
Mon Mar 03, 2014 1:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: 529 contributions and future tuition costs
Replies: 46
Views: 2270

Re: How Much of Tax Refund Do You Save/Spend..??

I try not to over-withhold, so if I get a refund, it amounts to <1% of my income. It gets deposited in the checking account to pay bills. Nothing special.
by dad2000
Sun Mar 02, 2014 3:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: How Much of Tax Refund Do You Save/Spend..??
Replies: 68
Views: 2420

Re: Why the love for target date funds?

I think low-cost target funds are a great idea for the average family that doesn't earn enough to justify investing in taxable. Following the simple plan of investing 10-15% of their income in a 401K target date fund from an early age would put them in a much better place than most. Unfortunately, t...
by dad2000
Sun Mar 02, 2014 3:16 pm
 
Forum: Investing - Theory, News & General
Topic: Why the love for target date funds?
Replies: 71
Views: 3652

Re: Stable Value Rate Below "Guaranteed Minumim"?

There seems to be this disclaimer below the guarantee: "Guarantees are based on the claims-paying ability of ING Life Insurance and Annuity Company". So I suppose ILIAC can just say they are no longer able to provide the guarantee?
by dad2000
Sat Mar 01, 2014 8:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Stable Value Rate Below "Guaranteed Minumim"?
Replies: 17
Views: 1156

Re: What was your dumbest financial decision?

Probably not the worst thing in the world, but not signing up for the TSP when I was in the military. I would love to have some G Fund in my bond allocation.
by dad2000
Sat Mar 01, 2014 8:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: What was your dumbest financial decision?
Replies: 106
Views: 8388

Re: Credit Security Freeze

Quite easy to freeze.

The one time I had to temporarily lift so I could refi, I used the PIN supplied by the credit agency. I believe there was a ~$5 charge.
by dad2000
Sat Mar 01, 2014 7:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit Security Freeze
Replies: 4
Views: 333

Re: Advice needed on problem neighbors

My experience is that engaging drug abusers in the hope that they will act rationally is a waste of time. This will only happen if they change their lifestyles, and you're probably not the one that will make that happen. I would make sure your insurance coverages are adequate, particularly as they r...
by dad2000
Fri Feb 28, 2014 12:05 pm
 
Forum: Personal Consumer Issues
Topic: Advice needed on problem neighbors
Replies: 30
Views: 3144

Re: "Optimizing" Portfolio & Expense Ratios

I'll bite. The "management fee" is a component of the expense ratio, not in addition to it. The ER you should pay the most attention to is "Net Expense Ratio". Aside from wrap fees (which don't exist in HSA Bank as far as I know), the Net ER is what it will cost you to own the fu...
by dad2000
Thu Feb 27, 2014 8:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: "Optimizing" Portfolio & Expense Ratios
Replies: 7
Views: 350

Re: Snow Removal Service Surcharge?

Assuming you have an alternative (snowblower or another company), I would explain your point of view and attempt to negotiate it down.

It reminds of the people who prepaid heating oil at a higher fixed rate to avoid fluctuations, then were charged surcharges anyway.
by dad2000
Thu Feb 27, 2014 6:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Snow Removal Service Surcharge?
Replies: 5
Views: 390

Re: Risk of New Jersey Govt. Employee Benefit Cuts

Disclaimer: I know nothing about the NJ constitution. Based on affairs in Detroit, it would seem that assurances aren't what they seem. According to this link, it would seem that retirees were shielded from retroactive reductions in 2010: http://www.nj.com/news/index.ssf/2010/09/gov_christie_outline...
by dad2000
Thu Feb 27, 2014 5:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Risk of New Jersey Govt. Employee Benefit Cuts
Replies: 9
Views: 831

Re: Car Seats: Leather or Cloth with Kids?

Leather without a doubt.

When we were using child restraint seats, we put some inexpensive rectangular floor mats between the leather seats and child seats. The mats prevent permanent indentations and protect against other sticky stuff like dried up food & drink.
by dad2000
Thu Feb 27, 2014 11:39 am
 
Forum: Personal Consumer Issues
Topic: Car Seats: Leather or Cloth with Kids?
Replies: 46
Views: 2246

Re: what's your number?? (for married couples)

Assuming that you won't be carrying any debt into retirement, I think that $100K per year of income is more than comfortable.

So $3-5M in the initial retirement portfolio, depending on how early you retire.

Anything above that would be way out of the realm of middle class IMHO.
by dad2000
Wed Feb 26, 2014 4:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: what's your number?? (for married couples)
Replies: 70
Views: 6114

Re: HELP! Medical costs

Did the police give a reason for not arresting the individual? Lack of evidence? Do you know his/her identity?

If the other party is at fault, it would seem that you should have a winnable small claims case for your medical bills.
by dad2000
Wed Feb 26, 2014 3:56 pm
 
Forum: Personal Consumer Issues
Topic: HELP! Medical costs
Replies: 57
Views: 2832

Re: No Silver Bullets in Investing

This was one of the best articles I've recently read.

He does a great job of dissecting "smart beta" and "risk parity". It's not too technical, but backed with excellent data, examples, and visuals.
by dad2000
Wed Feb 26, 2014 12:31 pm
 
Forum: Investing - Theory, News & General
Topic: No Silver Bullets in Investing
Replies: 14
Views: 1992

Re: Canceling Verizon Service

You might be better served going to a VZW store and getting something in writing. They are all over the place. In my experience, the waits aren't that long, and you know you won't get disconnected.
by dad2000
Tue Feb 25, 2014 6:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Canceling Verizon Service
Replies: 18
Views: 1687

Re: EFTPS Enrollment [Electronic Federal Tax Payment System]

We are enrolled married filing jointly. I had no issues enrolling. You will need both SSNs.

Agree with Wizard.
by dad2000
Tue Feb 25, 2014 6:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: EFTPS Enrollment [Electronic Federal Tax Payment System]
Replies: 3
Views: 252

Re: Asset Allocation Disaster - any help appreciated

Ericson32: In 2008, I'm guessing that you saw your net worth drop by about 30% with a 60/40 allocation. This caused you to panic sell. If you'd had a 50/50 allocation like you are now proposing, you would still have seen a significant drop of about 25%. From your comments, I'm not sure that you've d...
by dad2000
Mon Feb 24, 2014 4:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation Disaster - any help appreciated
Replies: 39
Views: 3988

Re: What's the Appropriate Net Worth by % for a 27 year old?

If I'm interpreting this correctly, the average net worth of a college grad age 30 would be around $50K: https://www.alumnifactor.com/node/5850 The average Boglehead is way above average on savings rate and net worth. Do not use us as an average, but more like a high bar. Net worth at age 27 is not ...
by dad2000
Mon Feb 24, 2014 1:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: What's the Appropriate Net Worth by % for a 27 year old?
Replies: 78
Views: 8745

Re: Does Vanguard spend "our" money on Lobbying activities?

This link seems to enumerate their lobbying activities fairly well: http://influenceexplorer.com/organization/vanguard-group/478f6c5927264d22803e1c3eb7cb1f4e Spending $10-20M of their approximately $2T AUM is a rounding error with respect to ER. I don't see their spending of this money as a bad thin...
by dad2000
Mon Feb 24, 2014 12:41 pm
 
Forum: Personal Consumer Issues
Topic: Does Vanguard spend "our" money on Lobbying activities?
Replies: 49
Views: 3490

Re: Back Up Computer Options

For starters, I want to back up the installed files/programs on a new machine. One problem is this is Win 8 and I can't find how many GBs it takes up like I could with win 7. Some online information says win 8 is 20-30 GBs. Paul I use two different systems to achieve this. 1. To back up the "i...
by dad2000
Sun Feb 23, 2014 8:56 pm
 
Forum: Personal Consumer Issues
Topic: Back Up Computer Options
Replies: 50
Views: 2147

Re: Best place to buy bike parts

Charley. You don't mention if your injuries are short or long-term. Hopefully short term, and if so, I'd be inclined to keep the changes simple and go with the compact double. Just pick the right rear cassette. There are plenty of stock bikes with compact doubles, so if you're not sure, just go to a...
by dad2000
Sat Feb 22, 2014 4:56 pm
 
Forum: Personal Consumer Issues
Topic: Best place to buy bike parts
Replies: 22
Views: 1412

Re: Self protecting a SPIA against inflation

I think that the $150K TIPS ladder would just protect the $150K. However, your Social Security is mostly inflation protected. Pension may be too (if applicable). Will you have any equities in your portfolio? They usually help. Also, many studies suggest that people spend less later in retirement. It...
by dad2000
Fri Feb 21, 2014 12:12 pm
 
Forum: Investing - Theory, News & General
Topic: Self protecting a SPIA against inflation
Replies: 47
Views: 2278

Re: Danger of accidental in-app purchase?

Citi (and probably other banks), provide a virtual credit card service. You can log in, generate a new credit card number on demand, good for one merchant only, and expiring within a month. I use these numbers for most online purchases, and anything sort of service that I don't want to autorenew. Th...
by dad2000
Wed Feb 19, 2014 12:40 pm
 
Forum: Personal Consumer Issues
Topic: Danger of accidental in-app purchase?
Replies: 9
Views: 561

Re: Income at which it's foolish not to pay for tax advice?

I am not being facetious with the next sentence. I think you are one of those in a blessed position of earning a whole bunch and having to pay high taxes. There is very little you can do as a W2 earner. People will come out of the woodwork telling you that you can buy a big house and take out a big...
by dad2000
Mon Feb 17, 2014 10:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Income at which it's foolish not to pay for tax advice?
Replies: 37
Views: 3446

Re: Do you balance your checking account?

Like most other respondents, I monitor the account transactions and balances daily, but don't literally balance.

Other than small cash purchases (coffee, etc.), 95+% of my purchases are electronic, so maintaining a ledger in my checkbook would serve little purpose.
by dad2000
Sun Feb 16, 2014 4:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you balance your checking account?
Replies: 114
Views: 4920

Re: Prove to relative that indexing would have been better

Most of my online brokerage tools let me compare my performance against the Dow or S&P 500 with a couple of clicks. If your relative cared how he was doing against a broad index, he'd probably just look it up.

I agree with others that you should stay out of it unless he asks for help.
by dad2000
Sun Feb 16, 2014 3:09 pm
 
Forum: Investing - Theory, News & General
Topic: Prove to relative that indexing would have been better
Replies: 17
Views: 1055

Re: 2014 JD Powers Results Are In

Unfortunately, the study doesn't seem to separate complaints from issues that actually require repair. I'd like to think that I understand the design of the vehicle I'm buying, and am more interested in actual failures that require repair. Source: http://www.nytimes.com/2014/02/12/automobiles/vehicl...
by dad2000
Thu Feb 13, 2014 6:45 pm
 
Forum: Personal Consumer Issues
Topic: 2014 JD Powers Results Are In
Replies: 6
Views: 929

Re: Bonds in Taxable - Why Not All Tax-Exempt??

Tax-exempt bond funds often make sense only for earners in the highest income-tax brackets. You have to do the math based on your particular situation, and determine if the after-tax yield of taxable bonds/CDs compares favorably to munis of similar (credit/duration) risk.
by dad2000
Thu Feb 13, 2014 4:27 pm
 
Forum: Investing - Theory, News & General
Topic: Bonds in Taxable - Why Not All Tax-Exempt??
Replies: 5
Views: 523

Re: treasury floating rate notes

FRNs have a 2 year maturity and are paying next to nothing. If I needed that short of a term, I'd be more inclined to put the money in a no penalty CD or just a high-yield savings account. If the rates, suddenly spike, just exit and reinvest.
by dad2000
Tue Feb 11, 2014 1:40 pm
 
Forum: Investing - Theory, News & General
Topic: treasury floating rate notes
Replies: 18
Views: 997

Re: vacation to Disneyworld

Disney made some recent changes to the Fastpass program that you can Google. Bottom line is that people staying at the Disney hotels seem to have an even bigger Fastpass advantage, resulting in shortened wait times. We've never stayed at the Disney properties in the past. Check the crowd calendars t...
by dad2000
Mon Feb 10, 2014 12:00 pm
 
Forum: Personal Consumer Issues
Topic: vacation to Disneyworld
Replies: 23
Views: 1801
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