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Re: Taxes are killing me

Are you fully utilizing the easiest methods for deferring taxes like 401k, IRA, HSA, etc.?
by dad2000
Fri Apr 24, 2015 9:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taxes are killing me
Replies: 21
Views: 2718

Re: What age did your Net Worth first equal 10,000x your Wei

Age 40. Age 44 if you add my wife.

I guess the next goal is to add in my kids, all of whom are still growing. Hitting this one will be next to impossible unless I starve them :)
by dad2000
Wed Apr 22, 2015 3:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: What age did your Net Worth first equal 10,000x your Weight?
Replies: 48
Views: 3117

Re: Just got contact lenses. Should I buy backup glasses?

Yes, buy a cheap pair or two.

A family member recently got a case of the conjunctivitis and couldn't wear the contacts for more than a week. Having the glasses around made this less inconvenient.
by dad2000
Mon Apr 20, 2015 3:19 pm
 
Forum: Personal Consumer Issues
Topic: Just got contact lenses. Should I buy backup glasses?
Replies: 22
Views: 1011

Re: John Bogle possible mistake? Discussion

I can't speak for all BHs, but my portfolio/AA is not based on my age, but other factors, principally my ability to take risk, my need to take risk, and my tolerance of risk. BTW, for me, risk is the chance of catastrophic loss of principal, not volatility. In the first 10-15 years of my working car...
by dad2000
Wed Apr 08, 2015 1:43 pm
 
Forum: Investing - Theory, News & General
Topic: Bogle possible mistake? Discussion [on age-based portfolios]
Replies: 53
Views: 5021

Re: 401k after retired

Anything between 40/60 and 60/40 sounds about right to me. If you are that worried about bonds, do a partial rollover to an IRA, then invest in a shorter duration (1-3 years) treasury fund. Personally, with your time horizon, I think the fund in your 401k would be fine. And a 401k may have better as...
by dad2000
Tue Apr 07, 2015 8:49 am
 
Forum: Investing - Help with Personal Investments
Topic: 401k after retired
Replies: 16
Views: 2031

Re: Memorial Day Weekend - Cape Cod or Martha's Vineyard?

My 2 cents are that if you really want to explore the Cape, go there in the fall, after Labor Day. You'll probably want to get to the outer cape to see the National Seashore, Provincetown, etc. With the traffic and parking issues, you'd never be able to get there on the Memorial Day weekend without ...
by dad2000
Mon Apr 06, 2015 9:49 am
 
Forum: Personal Consumer Issues
Topic: Memorial Day Weekend - Cape Cod or Martha's Vineyard?
Replies: 20
Views: 1540

Re: Credit Freeze and NEW Credit Cards

Unfreeze fees generally vary by state of residence and the creditor's age.

Check here: http://defendyourdollars.org/document/g ... protection
by dad2000
Wed Apr 01, 2015 12:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit Freeze and NEW Credit Cards
Replies: 12
Views: 814

Re: Index Funds Warning

If I understand Munger's comment correctly, he is concerned that corporate governance will deteriorate with the increase in passive investing, because the fund managers and shareholders of index funds don't typically get involved in governance. I don't think that has any impact on an individual BH w...
by dad2000
Tue Mar 31, 2015 2:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Index Funds Warning
Replies: 5
Views: 1043

Re: Any other investors with 70/30 portfolio?

We are in mid-late 40s. On track to FI in 4-7 years assuming no employment or other unplanned shocks. Other than SS, we only expect small pension ($500/mo). Was 70/30 for many years until this January, when I lowered to 68/32. I am moderately tilted, so riskier than it sounds. I plan on reducing equ...
by dad2000
Tue Mar 31, 2015 11:13 am
 
Forum: Investing - Theory, News & General
Topic: Any other investors with 70/30 portfolio?
Replies: 71
Views: 8141

Re: How to find a life insurance agent?

In my experience, if you are in good health, there isn't much nuance to purchasing term life insurance if you know the term and amount of coverage you want.

I simply picked the policy from the cheapest A+ rated insurer from term4life, and I did not get hassled in any way.
by dad2000
Mon Mar 30, 2015 9:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to find a [term] life insurance agent?
Replies: 4
Views: 618

Re: If you had 1 book to recommend...

I often recommend Mike Piper's books (obliviousinvestor.com) to those who want answers but don't want to spend a lot of time reading. Most if not all of his books can be read in under an hour. As a general purpose reference, Jonathan Clements' "Money Guide 2015" is excellent. It's not expe...
by dad2000
Sat Mar 28, 2015 2:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: If you had 1 [investing] book to recommend...
Replies: 51
Views: 4898

Re: TurboTax Import Error from Vanguard: Who's Fault?

Have you identified what went wrong with the import? Was it that a form that should have been imported wasn't, or was the data from a field/box omitted or incorrect? It's doubtful that either TT nor Vanguard are at fault since the filer is representing that the filing is correct, but the answers to ...
by dad2000
Fri Mar 27, 2015 6:37 am
 
Forum: Personal Finance (Not Investing)
Topic: TurboTax Import Error from Vanguard: Who's Fault?
Replies: 16
Views: 1405

Re: A Vanguard transfer issue... Thoughts?

I'm only familiar with REIT funds. Why do you have to hold this REIT to maturity? My guess is that the sooner you get out from under Ameriprise, the sooner you'll see your portfolio start to bloom. I think the issue is that it is a non-traded REIT. I don't know much about non-traded REITs because e...
by dad2000
Thu Mar 26, 2015 3:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: A Vanguard transfer issue... Thoughts?
Replies: 12
Views: 988

Re: Please help ..hit with AMT

Not sure if this will help your situation, but it reflects how I dealt with the issue. I now can do the Backdoor Roths each year (2 x $5500) without tax consequences since we are not eligible to take a deduction on IRA contributions. Before I got to this point, I had to deal with how to minimize the...
by dad2000
Tue Mar 24, 2015 4:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Please help ..hit with AMT
Replies: 10
Views: 1213

Re: Munis for Diversification?

Isn't the purpose of diversification to reduce risk?

In your tax bracket, you can probably get the same or better yield with less risk by purchasing CDs, I-Bonds or other similar instruments.
by dad2000
Mon Mar 23, 2015 9:09 am
 
Forum: Investing - Theory, News & General
Topic: Munis for Diversification?
Replies: 14
Views: 1368

Re: The one area I disagree with Jack

This seems like semantics more than anything else. Social Security, pensions, and annuities are all basically forms of fixed income. But when talking to other people that claim to have a 50/50 AA, it's unlikely that they are counting SS as fixed income in their allocation. In the example you provide...
by dad2000
Sat Mar 21, 2015 4:26 pm
 
Forum: Investing - Theory, News & General
Topic: The one area I disagree with Jack
Replies: 93
Views: 7485

Re: New washing machine won't fit down basement steps.

How about this: http://www.bestbuy.com/site/equator-1-6-cu-ft-8-cycle-high-efficiency-compact-front-loading-washer-white/2998033.p?id=1219567191148&skuId=2998033 Height 33.5 inches Width 23.5 inches Depth 22 inches I assume you would rotate it so that the depth would squeeze through the 23"...
by dad2000
Fri Mar 20, 2015 3:36 pm
 
Forum: Personal Consumer Issues
Topic: New washing machine won't fit down basement steps.
Replies: 32
Views: 3012

Re: Any situations car leasing makes sense?

Generally no, but I think it has to be evaluated on a case by case basis. I did lease a couple of cars about 15 years ago because at the time, the interest rates were low AND the particular models had artificially high residual values on the lease. The last few times I've purchased cars, the leases ...
by dad2000
Fri Mar 20, 2015 2:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Any situations car leasing makes sense?
Replies: 63
Views: 5301

Re: Costco optical

Their pricing is far better than anything else around me. I think that their frame selection is a little limited compared to the bigger chains, but if you find what you want, it's generally a good deal. As far as efficiency and such, I have no complaints. We order contacts over the phone, they come ...
by dad2000
Wed Mar 18, 2015 11:19 am
 
Forum: Personal Consumer Issues
Topic: Costco optical
Replies: 30
Views: 3261

Re: Help! Career Advice needed!

Realtor can be a very volatile career path, and it takes time to build up connections. Franchising entails a lot of risk. While it's certainly possible to be successful with franchising, she already has more debt that she can afford. Assuming that she limits her list of potential careers to those th...
by dad2000
Mon Mar 16, 2015 4:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help! Career Advice needed!
Replies: 20
Views: 2021

Re: Tourists in Manhattan

Stay in the city. You'll spend a little more, but having a centrally located place to go back to is important. I prefer midtown/Central Park to Times Square. You still get that Manhattan experience, but it's just greener/prettier/nicer. You'd still be able to walk to Times Square. #1 on your list sh...
by dad2000
Sat Mar 14, 2015 5:22 pm
 
Forum: Personal Consumer Issues
Topic: Tourists in Manhattan
Replies: 53
Views: 4756

Re: Worried about neighbor's tree damaging my property

Is there a safety risk associated with this, or is there really just a risk of property damage? When you say a "large branch" fell, it tells me that there is more than just a risk of property damage. If it is a safety issue, contact your town public safety offices. There may be an ordinanc...
by dad2000
Sat Mar 14, 2015 5:07 pm
 
Forum: Personal Consumer Issues
Topic: Worried about neighbor's tree damaging my property
Replies: 16
Views: 1972

Re: MarketWatch says equal weighted index is better

I didn't read the article, but that argument has been made many times. Compared to a cap weighted index, an equal weighted index will have a higher concentrations of small cap stocks. If you know that the small cap premium will persist, then equal weight would be better, but it may be more efficient...
by dad2000
Sat Mar 14, 2015 4:58 pm
 
Forum: Investing - Theory, News & General
Topic: MarketWatch says equal weighted index is better
Replies: 4
Views: 885

Re: [Poll] How long did you hold primary residence mortgage?

Primary house paid off in 7 years into a 15.

Paid off the vacation home today, 2.5 years into a 5 year loan.

I'm debt free for the first time in 20 years. It feels good.
by dad2000
Fri Mar 13, 2015 7:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Poll] How long did you hold primary residence mortgage?
Replies: 34
Views: 2873

Re: Corporate America: Procedure/Process to get Fired

In my experience, it varies by company. But larger and more mature companies are more likely to have well defined and followed hiring/termination processes. You'll want to find such an employer. On the other hand, when cost cutting measures are implemented, you may be let go with no notice. I have s...
by dad2000
Fri Mar 13, 2015 3:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Corporate America: Procedure/Process to get Fired
Replies: 9
Views: 976

Re: Bonus received. But its not what was agreed upon. Advi

My 2 cents... Be happy that you came out ahead $2500, and just move on. $500 is irrelevant in the grand scheme of things, and focusing on the new job instead of dwelling on the past will be more productive.
by dad2000
Wed Mar 11, 2015 9:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bonus received. But its not what was agreed upon. Advice?
Replies: 61
Views: 5286

Re: Will you buy an Apple Watch?

I have no need for an expensive watch that can't last 24 hours without a charge, nor one that I'd have to worry about protecting from the elements. IMHO, the biggest innovation that anyone could make would be in the area of battery life and power management. If someone could get the new smartphones ...
by dad2000
Tue Mar 10, 2015 4:33 pm
 
Forum: Personal Consumer Issues
Topic: Will you buy an Apple Watch?
Replies: 367
Views: 22857

Re: Home workouts and motivation

I also hate working out indoors, but with the harsh winter, haven't had much of a choice. You can actually get a pretty decent workout indoors without a lot of equipment. I bought a core ball ($9) to work the midsection. You can get a lot done using loop resistance bands ($10-15) around wrists, knee...
by dad2000
Sun Mar 08, 2015 6:41 pm
 
Forum: Personal Consumer Issues
Topic: Home workouts and motivation
Replies: 60
Views: 3092

Re: Aruba in April

I've been there a few times. Some random recollections: The high rise area was busy and had more activities. The low rise area was more relaxing but with fewer activities. We've stayed in both. The island is pretty safe as long as you don't go looking for trouble. You probably don't need a car for a...
by dad2000
Fri Mar 06, 2015 4:57 pm
 
Forum: Personal Consumer Issues
Topic: Aruba in April
Replies: 10
Views: 712

Re: Which 529 plan are you using?

Vanguard Nevada
Utah UESP (for a few DFA funds)
I don't live in either state.
by dad2000
Fri Mar 06, 2015 4:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Which 529 plan are you using?
Replies: 49
Views: 3105

Re: What is your credit score?

I only have my FICO nextgen: 865.
by dad2000
Wed Mar 04, 2015 11:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: What is your credit score?
Replies: 63
Views: 5689

Re: Preventing IRS Fraud

The major weaknesses in the filing system are on the IRS side of the equation. It's certainly worth taking the simple steps in protecting your identity like credit freezes and minimizing your internet data footprint, but until the IRS improves their system, the problem can't be solved by the taxpaye...
by dad2000
Wed Feb 25, 2015 11:08 am
 
Forum: Personal Finance (Not Investing)
Topic: [Protection against fraudulent IRS tax returns]
Replies: 39
Views: 1917

Re: How much did you have saved up for retirement at age 30?

$15K in 2015 dollars at age 30. Now almost 20 years later, $3M. Hope to achieve FI and retire in 6-8 years.

I agree with Emergdoc about focusing more on your human capital and saving early on. The payoff for me came in my late 30s.
by dad2000
Tue Feb 24, 2015 8:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much did you have saved up for retirement at age 30?
Replies: 173
Views: 13770

Re: Health Insurance Debacle, need advice...

While I don't know enough to determine who is legally at fault, my opinion is that OP (or his wife) should have better processes. A simple quarterly reconciliation of expenses vs budget would have picked this up much sooner. Just last week, I switched my auto insurance to USAA, who required that our...
by dad2000
Wed Feb 18, 2015 4:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Health Insurance Debacle, need advice...
Replies: 35
Views: 2744

Re: Food of the Fifties

Slightly off topic, but this thread reminded me of some comfort food restaurants that my parents took us to back in the day.

My favorite was this one: http://www.oldlarestaurants.com/ontra-cafeteria/
by dad2000
Sat Feb 14, 2015 3:55 pm
 
Forum: Personal Consumer Issues
Topic: Food of the Fifties
Replies: 216
Views: 11882

Re: Car issues. [2009 Cadillac CTS - fix or sell]

We had a new Cadillac from that era. It was by far the worst car we ever owned. Fortunately, I got rid of it at 25K miles without taking much of a financial hit because it was a year-end holdover. The engine burning oil is a common problem and only gets worse. The sunroof leak is common as well... I...
by dad2000
Thu Feb 12, 2015 1:10 pm
 
Forum: Personal Consumer Issues
Topic: Car issues. [2009 Cadillac CTS - fix or sell]
Replies: 56
Views: 3683

Re: Where is John C. Bogle's Presidential Medal of Freedom?

I signed it. I'm posting so as to bump this back to the top.

All, please sign and promote: https://petitions.whitehouse.gov/petiti ... m/tMKz5zyh
by dad2000
Wed Feb 11, 2015 12:45 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: SIGN PETITION FOR Jack Bogle's Presidential Medal of Freedom
Replies: 182
Views: 12434

Re: This CPA is advocating snail-mail over e-file for taxes

That doesn't make sense. Why wouldn't the whole return be scanned and if even it isn't OCR'd, it could still be stored as something like a .pdf, accessed and, if necessary, printed by anyone with access to the electronic file. And, if you are scanning, why not OCR the whole document. Many governmen...
by dad2000
Sat Feb 07, 2015 2:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: This CPA is advocating snail-mail over e-file for taxes
Replies: 55
Views: 4144

Re: Alternatives to Radio Shack?

I usually use Amazon.

Depending on where you live, there may be retail alternatives. For example, this store isn't too far from me and has far more variety than Radio Shack: http://www.youdoitelectronics.com/
by dad2000
Thu Feb 05, 2015 9:56 pm
 
Forum: Personal Consumer Issues
Topic: Alternatives to Radio Shack?
Replies: 47
Views: 3233

Re: Vanguard survey: what should they do differently?

Disclose executive pay
Implement better technology
Complete their brokerage merger more quickly

And I wouldn't want any one company to become too powerful, but it would be nice if someone could bring Vanguard-like costs/values to the insurance/annuity industries.
by dad2000
Wed Feb 04, 2015 5:08 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard survey: what should they do differently?
Replies: 72
Views: 4444

Re: Seeking advice on learning computer science

It seems that you are interested in application development (programming), and not computer science. I think your local community college is more vocational in nature, and the curriculum is steering kids into entry level support jobs. When I went to school, Pascal, C++, and assembly were the languag...
by dad2000
Wed Feb 04, 2015 5:04 pm
 
Forum: Personal Consumer Issues
Topic: Seeking advice on learning computer science
Replies: 40
Views: 2024

Re: financial "Reset"

From a tax-liability standpoint, it will be easy to clean up this portfolio quickly because your taxable space is mostly cash or equivalents. I'm confident that your Vanguard advisor will steer you down the right path. I would get out of the individual stocks ASAP, as they are just more risky than i...
by dad2000
Sat Jan 31, 2015 7:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: financial "Reset"
Replies: 10
Views: 2197

Re: The lowest stock allocation you plan to stay with

In my late 40s and had stuck to 70% for more than a decade, just lowered to 65% this year. Hope to retire in 8-10 years.

My initial equity allocation in retirement will likely be 40%, possibly 50% if the market is cheap. It will then glide up over time, but no higher than 70%.
by dad2000
Fri Jan 30, 2015 3:30 pm
 
Forum: Investing - Theory, News & General
Topic: The lowest stock allocation you plan to stay with
Replies: 79
Views: 4657

Re: Thoughts on DFA equities?

I'm sure that opinions will vary. I'm fine with their fund construction methods and expense ratios, but am not willing to pay a significant advisor fee to access them. I have a decent sum of money invested in 529s, and I do access a few of the DFA funds through UESP to tilt to small value. The funds...
by dad2000
Thu Jan 29, 2015 10:32 pm
 
Forum: Investing - Theory, News & General
Topic: Thoughts on DFA equities?
Replies: 19
Views: 1890

Re: What is your BMI?

My BMI ranges from 24-25 so I am often on the verge of being overweight by BMI standards. On the other hand, I cycle thousands of miles per year preparing for and participating in endurance events, and have only been referred to as thin, but never fat. My resting heart rate and BP are also indicativ...
by dad2000
Thu Jan 29, 2015 9:43 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: What is your BMI?
Replies: 28
Views: 2242

Re: Where do you shop for groceries?

Our choices are limited by schedules, commutes, traffic, etc. If there were no traffic, and we had time to shop, it would likely be: Costco 50% Wegmans 25% Trader Joes 25% Instead, it's Costco 60% Trader Joes 20% Whatever is closest: 20% As our kids get older and move out, Costco will be less freque...
by dad2000
Wed Jan 21, 2015 9:48 pm
 
Forum: Personal Consumer Issues
Topic: Where do you shop for groceries?
Replies: 97
Views: 8361

Low Bond Yields and Safe Portfolio Withdrawal Rates

A new article from Pfau, Blanchett, and Finke: http://www.advisorperspectives.com/newsletters15/Retiring_in_a_Low-Return_Environment.php It paints a dim picture due to current low bond yields and high CAPE, with SWRs of 2-3% for most scenarios. Perhaps bond yields can't stay this low forever, but we...
by dad2000
Wed Jan 21, 2015 12:39 pm
 
Forum: Investing - Theory, News & General
Topic: Low Bond Yields and Safe Portfolio Withdrawal Rates
Replies: 6
Views: 790

Re: Annuity Concerns

Hello, Another consideration is that they both are going to earn enough in pensions and Social Security to break even with their monthly expenses. Thanks. The main case for an annuity is to protect against outliving your savings. The big negative is that you lose control of the principal. Since the...
by dad2000
Tue Jan 20, 2015 8:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Annuity Concerns
Replies: 8
Views: 754

Re: Poll: What Percent of TIPS in Taxable Account

I own no TIPS, but 7% of my 7-digit portfolio is in I-Bonds.

I-Bonds serve as a second-tier emergency fund (first tier is 6 months expenses in cash), and as inflation protection.
by dad2000
Tue Jan 20, 2015 3:24 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: What Percent of TIPS in Taxable Account
Replies: 27
Views: 1760

Re: Google Chrome: is this a mega security problem?

As with almost all aspects of computer security, there is a tradeoff with convenience. Unless the version of Chrome on the Chromebook is different, this is all configurable in the synchronization settings which can be found in chrome://settings, then Sign In | Advanced Sync Settings. I choose to not...
by dad2000
Tue Jan 20, 2015 9:22 am
 
Forum: Personal Consumer Issues
Topic: Google Chrome: is this a mega security problem?
Replies: 111
Views: 6965
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