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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: 1655

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: 172
Views: 12203

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: 2601

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: 11208

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: 3513

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: 168
Views: 9476

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: 3962

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: 2839

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: 4246

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: 1906

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: 2152

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: 4348

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: 1809

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: 2079

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: 8161

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: 771

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: 741

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: 1729

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: 6836

Re: Are there any advisors on this site?

1.I'm guessing that you mean advisors. The answer is yes. Ferri, Swedroe, Roth, and Piper are a few that pop into my head. 2. I'm 99% sure that they don't get paid for contributing to this site, but will defer to the moderators. 3. There is a lot more to comprehensive financial planning than investm...
by dad2000
Fri Jan 16, 2015 4:21 pm
 
Forum: Investing - Theory, News & General
Topic: Are there any advisors on this site?
Replies: 30
Views: 2598

Re: Florida West Coast vacation with small kids

Agree that little kids tend to like the pools better than the beach. I recommend Marriott on Sand Key, Clearwater Beach. It has a great pool, with the beach right next to it. It's only a mile (over a bridge) from the touristy area, yet still tucked away in a nice quiet section. There was another sim...
by dad2000
Sat Jan 10, 2015 9:25 pm
 
Forum: Personal Consumer Issues
Topic: Florida West Coast vacation with small kids
Replies: 24
Views: 2656

Re: Just finished Bogleheads' Guide to Investing and...

2. You contribute $5,500 to the IRA. You buy your high yield bond fund with it. :confused The high yield bond fund he's talking about is a tax-exempt muni fund. Why would he want to put a muni fund in an IRA? (I'm pretty sure he doesn't). Thanks. I must have missed his specific fund in the thread. ...
by dad2000
Sat Jan 10, 2015 9:38 am
 
Forum: Investing - Help with Personal Investments
Topic: Just finished Bogleheads' Guide to Investing and...
Replies: 19
Views: 2893

Re: Just finished Bogleheads' Guide to Investing and...

Based on your 80/20 AA, it's most likely that your bond fund will be determined by the available choices in your 401k, unless the available choices are very poor. For example, let's say you plan to save $100k this year 1. You max your 401k at $18k, and put it in a single bond fund. 2. You contribute...
by dad2000
Fri Jan 09, 2015 2:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Just finished Bogleheads' Guide to Investing and...
Replies: 19
Views: 2893

Re: Just finished Bogleheads' Guide to Investing and...

I'm sure people will elaborate, but here's my short version: 1. No, if the original contribution to the IRA wasn't deductible, it won't get taxed again when you do the back door. But be aware of the pro rata rule if you already have other money in an IRA. 2. At your income and savings rates, and ass...
by dad2000
Thu Jan 08, 2015 9:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Just finished Bogleheads' Guide to Investing and...
Replies: 19
Views: 2893

Re: Humidifiers

I live in New England, 400 sq ft bedroom, gas forced air heat and also use a single room unit.

Is your HCM-300 an evaporative fan type unit? I have a smaller Bionaire unit, also fan/evaporative, that raises my bedroom humidity from 35% to 50%.

How much water does it go through while you sleep?
by dad2000
Wed Jan 07, 2015 9:08 pm
 
Forum: Personal Consumer Issues
Topic: Humidifiers
Replies: 25
Views: 2841

Re: Michael Kitces on long-term care insurance

I agree wholeheartedly with Kitces. My old thread asking for LTC tail insurance: http://www.bogleheads.org/forum/viewtopic.php?f=2&t=125721 Current LTC plans are not effective insurance products. Unless something better comes up, I plan to self-insure and hedge the tail risk with a SPIA or longe...
by dad2000
Wed Jan 07, 2015 7:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Michael Kitces on long-term care insurance
Replies: 17
Views: 2074

Another "Should I buy flood insurance?" question

I've had a vacation home for a few years on a tiny street (9 houses) that runs parallel to a river that dumps into the Atlantic Ocean. 5 houses are odd numbered and abut the river. My home and 3 others are on the even numbered side. My home is in FEMA Zone X (500 year risk) , but 6 of the other 8 ar...
by dad2000
Wed Jan 07, 2015 2:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Another "Should I buy flood insurance?" question
Replies: 12
Views: 1062

Re: Do you generally spend more when using credit cards?

I use credit cards so I can automate my budget with minimal effort. Using all cash would make budgeting more challenging, and would likely cause me to spend more. I also save about 2-3% using credit cards through cash back, promotionals, etc. If I went to all cash, I'd probably only have savings on ...
by dad2000
Tue Jan 06, 2015 3:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you generally spend more when using credit cards?
Replies: 71
Views: 2745

Re: Cancel Homeowner's Insurance?

And if someone falls on your driveway, and you have no liability coverage ?...

Way too risky. Shop it around, and go for the highest deductibles. If you think you have the income to self insure, you can surely cover the premiums.
by dad2000
Tue Jan 06, 2015 12:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cancel Homeowner's Insurance?
Replies: 106
Views: 6663

Re: What are your 2015 Financial Goals?

It's a tall order I know... 1. Stay employed 2. Wife stays employed 3. Max out both 401Ks 4. Max HSA 5. Max both IRAs, backdoor to Roth 6. After-tax contribution to 401k up to $53K limit 7. 1 week Carribean vacation 8. Buy $40k in I-bonds ($20k retirement, $20k for kids college fund) 9. Pay off mort...
by dad2000
Sat Dec 20, 2014 7:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: What are your 2015 Financial Goals?
Replies: 102
Views: 8332

Re: Is it safe to use a credit card at Target?

I would only use my debit card as an ATM card on my own bank network. . That does not make a transaction any more secure. Assuming you're talking about using a debit vs. a credit card at a retailer, with a debit card there's less financial intermediation. Your bank is an intermediary, but will imme...
by dad2000
Fri Dec 19, 2014 10:39 pm
 
Forum: Personal Consumer Issues
Topic: Is it safe to use a credit card at Target?
Replies: 23
Views: 1866

Re: Is it safe to use a credit card at Target?

I would only use my debit card as an ATM card on my own bank network. In this day and age, you should not assume that any retailer is adequately protecting your credit card information. But credit cards are generally safe to use at any legit retailer due to their fraud protection. If you are using c...
by dad2000
Fri Dec 19, 2014 8:28 pm
 
Forum: Personal Consumer Issues
Topic: Is it safe to use a credit card at Target?
Replies: 23
Views: 1866

Re: On average, how often do you check your investment balan

I check all my balances daily only because of all the cyber fraud going on in the world. Otherwise, I'd probably do it monthly. Is it possible that checking your balances daily increases the risk of becoming a victim of cyber fraud, by increasing the opportunities to have your ID/password discovere...
by dad2000
Thu Dec 18, 2014 12:13 am
 
Forum: Personal Finance (Not Investing)
Topic: On average, how often do you check your investment balances?
Replies: 53
Views: 3467

Re: On average, how often do you check your investment balan

I check all my balances daily only because of all the cyber fraud going on in the world. Otherwise, I'd probably do it monthly.
by dad2000
Wed Dec 17, 2014 11:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: On average, how often do you check your investment balances?
Replies: 53
Views: 3467

Re: Early Retirement

IndexInvestor wrote:- And what should I do with all my time if I do retire?


Ignoring the financial issues, this seems like a big red flag to me. Until I had an pretty good answer to this question, I wouldn't do it at your age.
by dad2000
Thu Dec 11, 2014 9:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Early Retirement
Replies: 19
Views: 3485

Re: Stolen computer

ronan177 wrote:How can I freeze credit reporting agencies? Would that have an impact on my credit standing, score, etc.?


How to freeze credit: http://www.clarkhoward.com/news/clark-h ... uide/nFbL/
It did not affect my credit score as far as I can tell.
by dad2000
Thu Dec 11, 2014 11:07 am
 
Forum: Personal Consumer Issues
Topic: Stolen computer
Replies: 29
Views: 2438

Re: Fly or drive? Not just time vs. money anymore

On-time performance is so bad, that there is a high probability of missing at least one connection on a round-trip. Missing a connection with kids (and especially newborns) is miserable. Just too much stress involved. We avoid connecting flights whenever possible. I think we've only had one family f...
by dad2000
Thu Dec 04, 2014 10:37 pm
 
Forum: Personal Consumer Issues
Topic: Fly or drive [with a newborn]?
Replies: 58
Views: 4820

Re: New Tony Robbins Book on Financial Freedom

I spent 30 minutes in the bookstore skimming the book. My review in a nutshell is that it's a mixture of motivational speech, novice financial advice, and interviews of prominent investors. Unless you're interested in all three aspects, the book is far too long. The all-weather portfolio inspired by...
by dad2000
Sat Nov 22, 2014 8:07 am
 
Forum: Investing - Theory, News & General
Topic: New Tony Robbins Book on Financial Freedom
Replies: 90
Views: 22104

Re: Jim Cramer dad & LTCI

Would SPIA's have any problem? Isn't it like a straight forward monthly payment? Yes, but joe8d is probably concerned that the insurance company could fail, and that the state guarantee associations won't make him whole. Personally, I'd be willing to take my chances on a SPIA with an A++ company. U...
by dad2000
Sat Nov 22, 2014 7:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Jim Cramer Dad & LTCI
Replies: 30
Views: 3826

Jim Cramer Dad & LTCI

I was flipping through XM Radio tonight on the drive home and caught Jim Cramer talking about his Dad's recent passing. I normally can't listen to him for more than 10 seconds because of his antics, but tonight was obviously different. It was a nice tribute, and he was clearly upset (to say it nicel...
by dad2000
Fri Nov 21, 2014 9:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Jim Cramer Dad & LTCI
Replies: 30
Views: 3826

Re: I may not make my retirement goals! What to do?

You are basing your models on living past age 95. That may be beyond your actuarial life expectancy. Look into the cost of a deferred annuity to cover your floor from age 85 onward, then rerun your models. SPIA is another option, but the payout rates will be low at your age. Either way, the mortalit...
by dad2000
Wed Nov 19, 2014 4:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: I may not make my retirement goals! What to do?
Replies: 49
Views: 4164

Re: An alternative to alternative investments

Yes $5M, but maybe one could gain access through an advisor by paying an additional wrap fee? Larry: I know that your feelings are that QSPIX is worth 150bp for the factor exposure, but I have my doubts that many of us would find the fund useful. I consider my standard of living to be pretty high, b...
by dad2000
Tue Nov 18, 2014 2:25 pm
 
Forum: Investing - Theory, News & General
Topic: An alternative to alternative investments [QSPIX]
Replies: 307
Views: 36113

Re: Credit Card Fraud - Need Advice

As a previous poster noted, ATM and credit cards are easily duplicated, and no PIN is required to use a credit card. Was the Walmart where the transactions occurred outside your normal area of travel? The fraud detection departments of my credit cards seem to be pretty good at picking up on this. I'...
by dad2000
Tue Nov 18, 2014 2:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit Card Fraud - Need Advice
Replies: 36
Views: 5785

Re: Parents can be forced to pay college tuition in NJ?

http://www.divorcenet.com/states/new_jersey/payment_of_college_costs After reading the linked article, I can certainly understand whey the judge ruled as he/she did. Personally, I think that parents need to provide a security net until emancipation, but that requiring college tuition goes too far. I...
by dad2000
Fri Nov 14, 2014 3:28 pm
 
Forum: Personal Consumer Issues
Topic: Parents can be forced to pay college tuition in NJ?
Replies: 31
Views: 2003

Re: Boglehead family vacations

We did the Disney thing when the kids were in the 5-9 age range, pulling them out of school for a couple days. There are various websites that document crowd patterns and strategies to optimize the park experience. Arriving on the weekend, we hit the less busy parks like Sea World. We hit Disney on ...
by dad2000
Thu Nov 13, 2014 12:37 pm
 
Forum: Personal Consumer Issues
Topic: Boglehead family vacations
Replies: 44
Views: 4350

Re: Consider freezing your credit

I looked into LifeLock. I think that what I do is as good or better, and I would implement most of these protections with or without Lifelock anyway: My credit has been frozen for years. I might do a temporary lift once every few years, but it's not a huge hassle. I have my own monitoring. My accoun...
by dad2000
Thu Nov 13, 2014 9:03 am
 
Forum: Personal Consumer Issues
Topic: Consider freezing your credit
Replies: 45
Views: 5244

Re: Your favorite classic toys for kids

Plastic soldiers.
Etch a sketch.
Lego
Operation
All the outdoor stuff... basketball hoop, red trike, red wagon, bike with training wheels

My kids are still in grade school and played with all of them. The basketball hoop will always be a great long term investment.
by dad2000
Tue Nov 11, 2014 11:06 pm
 
Forum: Personal Consumer Issues
Topic: Your favorite classic toys for kids
Replies: 89
Views: 5623

Re: Boglehead family vacations

Florida and Caribbean are always going to demand top dollar during spring break if you go anywhere near the kid stuff. San Diego has plenty to do for both kids and adults. Charleston, S.C. is a beautiful town. Being from the northeast, we found that the beaches there were okay for us during spring b...
by dad2000
Tue Nov 11, 2014 11:00 pm
 
Forum: Personal Consumer Issues
Topic: Boglehead family vacations
Replies: 44
Views: 4350

Re: Scan my books to PDF?

There are only two ways I know of to do it in volume.

1. Destructive. Cut the spine, auto feed sheets.
2. Non-destructive. Person flips pages, camera takes pictures.

Destructive is relatively inexpensive. Non-destructive is not, usually $20-100 per book.
by dad2000
Thu Nov 06, 2014 12:12 pm
 
Forum: Personal Consumer Issues
Topic: Scan my books to PDF?
Replies: 8
Views: 942

Re: Question re Roth conversion and state (MA) tax reporting

I used the more popular one, so I wouldn't expect the same bugs. I have done Roth conversions as an MA resident.

In 2012, I did have an anomaly with the Forms 8606 where my basis wasn't carried over from the previously filings, so the taxable amount was wrong. I had to override it.
by dad2000
Wed Nov 05, 2014 3:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Question re Roth conversion and state (MA) tax reporting
Replies: 7
Views: 467
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