Search found 465 matches

by dailybagel
Wed Jun 10, 2015 7:18 am
Forum: Personal Finance (Not Investing)
Topic: Inflation indexed SPIA providers
Replies: 15
Views: 1731

Re: Inflation indexed SPIA providers

It would be great to see a comparison of the premium (or the payouts for the same premium) for inflation-adjusted and non-inflation-adjusted annuities.
by dailybagel
Mon May 25, 2015 8:36 pm
Forum: Investing - Help with Personal Investments
Topic: Starting a 401k at my First Fuill-time Job
Replies: 13
Views: 1110

Re: Starting a 401k at my First Fuill-time Job

I would urge you NOT to allow your parents to pay off your loans with a home equity loan. I would instead try to make payments yourself. You could do some kind of debt snowball, paying more than minimum on the smallest loan, and the minimum payment on all other loans. It sounds like they generously...
by dailybagel
Mon May 25, 2015 2:42 pm
Forum: Investing - Help with Personal Investments
Topic: Starting a 401k at my First Fuill-time Job
Replies: 13
Views: 1110

Re: Starting a 401k at my First Fuill-time Job

-Having a good healthy relationship with my parents we have already discussed refinancing my college loans on home equity which is offering us a fantastic interest rate (<3%) compared to my student loan provider ranging from (3-7%) and in return I can help them pay the home off by making as large a...
by dailybagel
Mon Apr 27, 2015 7:45 am
Forum: Personal Finance (Not Investing)
Topic: Best way to sell a used wedding ring?
Replies: 18
Views: 2575

Re: Best way to sell a used wedding ring?

I read a success story in which a person consigned the ring to a jewelry store, paying a significant commission when it eventually sold there. That might have been in a bogleheads thread. If you are searching for advice online, don't forget to search for "sell engagement ring", as that is ...
by dailybagel
Mon Apr 27, 2015 7:39 am
Forum: Personal Consumer Issues
Topic: Been invited to wedding in Disney World. My cost?
Replies: 58
Views: 6714

Re: Been invited to wedding in Disney World. My cost?

I have seen wisdom in two rules designed to keep people from making unsustainable decisions based on emotional pull:

1. The United States does not negotiate with terrorists.
2. dailybagel does not attend destination weddings.

Having a policy makes it easier to say no.
by dailybagel
Tue Apr 07, 2015 7:07 am
Forum: Personal Finance (Not Investing)
Topic: Family member asking for money
Replies: 141
Views: 15139

Re: Family member asking for money

I knew there would be varying opinions on this, which are all good to hear. To address the issue of whether his family could cut back on expenses, that answer is I am sure they could. One of their cars is a BMW. My BIL likes expensive craft beers. They have cable with premium stations. On the other...
by dailybagel
Tue Mar 31, 2015 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: My car is (supposedly) totaled. What to do?
Replies: 26
Views: 2594

Re: My car is (supposedly) totaled. What to do?

I have been in your shoes before: owned a 15-year-old Toyota with relatively few miles for its age.

If I were you, I would fix the worst cosmetic damage, and absolutely fix any safety-related issues (e.g. Side-view mirrors). I would then keep the car for as long as you can. Option #2, all the way.
by dailybagel
Mon Mar 23, 2015 7:24 am
Forum: Investing - Theory, News & General
Topic: NRA [Nonresident Alien] investing for the average Joe
Replies: 13
Views: 1956

Re: The NRA investment thread for the average Joe

To confirm, does "NRA" stand for non-resident alien?

Looks like some BH members discussed a wiki page: http://www.bogleheads.org/forum/viewtop ... 0&t=127477
by dailybagel
Fri Mar 06, 2015 8:17 am
Forum: Personal Consumer Issues
Topic: Real estate frustration in finding a new home
Replies: 33
Views: 2825

Re: Real estate frustration in finding a new home

Many of the homes we've been taken to, are quite simply not worth anywhere near the asking price. What makes you come to this conclusion? If the lack of inventory is very low and the area is desirable, then just because a price "seems" high doesn't make it so. A home is 'worth' what peopl...
by dailybagel
Mon Mar 02, 2015 7:55 am
Forum: Investing - Help with Personal Investments
Topic: Inland American / XHR Xenia Hotels and resorts
Replies: 5
Views: 555

Re: Inland American / XHR Xenia Hotels and resorts

Out of curiosity, how did you each get in to the Inland American REIT?

I know your question is about getting out of this investment, but I wonder if there is advice you would have for other bogleheads about the process you took?
by dailybagel
Sat Feb 28, 2015 9:38 am
Forum: Personal Consumer Issues
Topic: Getting Australian Dollars
Replies: 13
Views: 1185

Re: Getting Australian Dollars

Don't get any physical currency before going to Australia. Instead, use your debit card at an ATM when you arrive.

I would suggest bringing a credit card as a backup, in the unlikely event you have trouble at the ATM.
by dailybagel
Mon Feb 16, 2015 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: What is the best company to open a credit card with?
Replies: 22
Views: 16586

Re: What is the best company to open a credit card with?

Does Ally actually offer a credit card?
by dailybagel
Mon Feb 16, 2015 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: grad student - taxes on W-2
Replies: 10
Views: 785

Re: grad student - taxes on W-2

I was a graduate student for several years, earning a stipend plus a tuition scholarship.

Students are exempt from FICA taxes (social security and Medicare).
http://www.irs.gov/Charities-&-Non-Prof ... o-FICA-Tax
by dailybagel
Mon Feb 16, 2015 10:37 am
Forum: Investing - Help with Personal Investments
Topic: Relative working at Safeway
Replies: 22
Views: 2920

Re: Relative working at Safeway

I would leave him be. Did he ask for assistance? If he doesn't have the patience to look into and discuss this, I'm thinking.... no. [...] Just my take on it. I agree with Twins Fan that's it's probably a bad idea to keep pushing about this if your relative isn't receptive. If you're wondering abou...
by dailybagel
Tue Feb 10, 2015 9:17 pm
Forum: Personal Consumer Issues
Topic: MedicAlert bracelet restricting care to in-network doctors?
Replies: 18
Views: 1103

MedicAlert bracelet restricting care to in-network doctors?

I recently received a written letter from my insurance company, announcing that three area hospitals were no longer "in network" for 2015. This letter made me think, does it make sense to wear an MedicAlert-like bracelet that lists my insurance information, in case I am injured and become ...
by dailybagel
Sun Feb 01, 2015 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Loan Terms -- Helping a friend going through Divorce?
Replies: 39
Views: 3852

Re: Loan Terms -- Helping a friend going through Divorce?

Again thank you to those that provided actionable useful advice on my question to the rest of you not so much. I'm out. I have first-hand experience that you should really hear about. Unfortunately, the lessons fall outside of the constraints you have placed on this discussion. Good luck; your inte...
by dailybagel
Sun Feb 01, 2015 11:37 am
Forum: Investing - Help with Personal Investments
Topic: Is this a good investment?
Replies: 13
Views: 1264

Re: Is this a good investment?

Ok I think the main question I have has not been answer. Lets forget the details and stick with this question. What are some methods I could use to determine adequate compensation for risking 50k into a business? Lets say this business passes the smell test and was verified by an accountant. How do...
by dailybagel
Sun Feb 01, 2015 11:27 am
Forum: Investing - Help with Personal Investments
Topic: Northwestern Mutual Roth IRA
Replies: 12
Views: 827

Re: Northwestern Mutual Roth IRA

Your break-even point will probably be relatively short since you'll be saving those high insurance company annuity costs using low-cost Vanguard funds. I agree with Mel. If the annuity fees are 1.25% of your $10,000 assets, that is $125 per year in savings after switching to Vanguard. You will be ...
by dailybagel
Sat Jan 31, 2015 5:54 pm
Forum: Investing - Help with Personal Investments
Topic: question about investing in oil, USO
Replies: 15
Views: 1366

Re: question about investing in oil, USO

One question I would ask: does the asset fundamentally produce income when holding over time, or does it have a cost associated with holding it over time? Assets that produce income: ⋅ directly owned real estate ⋅ REITs ⋅ bonds ⋅ stocks ⋅ capital equ...
by dailybagel
Sat Jan 31, 2015 5:48 pm
Forum: Investing - Help with Personal Investments
Topic: Northwestern Mutual Roth IRA
Replies: 12
Views: 827

Re: Northwestern Mutual Roth IRA

The Northwestern Mutual website suggests this product is offered within a Variable Annuity. Is that your situation? If so, I would contact NM and ask them how for how long the termination fee will apply. For example, if the cancellation fee drops to $0 after 12 months, and your account is 11 months ...
by dailybagel
Sat Jan 31, 2015 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: Is this a good investment?
Replies: 13
Views: 1264

Re: Is this a good investment?

I have an opportunity to buy into a business. The business has very little overhead, rent is currently 7% of gross. The value in the company is the education and experience of the two soon to be partners who are currently working for the company. Last year it grossed $450,000, with 3 employees and ...
by dailybagel
Sat Jan 31, 2015 4:33 pm
Forum: Investing - Help with Personal Investments
Topic: Northwestern Mutual Roth IRA
Replies: 12
Views: 827

Re: Northwestern Mutual Roth IRA

Could you post the ticker symbol and share class (if applicable) of the S&P fund you were invested in? That way, we can check if their cancellation fee is consistent with the fine print (which it presumably is).
by dailybagel
Sun Jan 18, 2015 11:36 am
Forum: Personal Consumer Issues
Topic: Best Book To Learn R Programming
Replies: 32
Views: 3737

Re: Best Book To Learn R Programming

I have used R in the past. Honestly, my impression is that it's too complicated, with too many special cases and implicit conventions (eg apply, lapply, sapply). If I were in your shoes, I would look at Python and the 'pandas' package before diving fully into R. It provides much of the power of R, b...
by dailybagel
Sun May 25, 2014 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: penny smart, dollar stupid with cars
Replies: 24
Views: 3359

Re: penny smart, dollar stupid with cars

I think you should definitely not get a new car -- keep the truck or sell it and go car-free if your new city will allow it. People forget that there are a lot of transaction costs when purchasing a new or used car. Plus, it would increase your cost of insurance. By the way, since you have a truck, ...
by dailybagel
Fri May 23, 2014 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage log jam
Replies: 26
Views: 1577

Re: Mortgage log jam

Here is my advice: do NOT let this seller's mortgage payoff amount influence what you pay for the house. Let's just assume that when the seller looks at all closing costs, mortgage payoff amount, etc, there is a sale price X at which the mortgage is paid off in full, the realtor is paid a commission...
by dailybagel
Sat May 17, 2014 10:41 pm
Forum: Personal Consumer Issues
Topic: Electrical question
Replies: 24
Views: 2210

Re: Electrical question

To first order, the high-voltage charger won't use more or less energy than the low-voltage charger. If the Tesla website suggests that the high-voltage charger leads to less charging costs, it may be more efficient. This is a second-order effect, related to "parasitic" losses. When transm...
by dailybagel
Sat May 17, 2014 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for a private mortgage
Replies: 12
Views: 951

Re: Advice for a private mortgage

The real reason for gift affadavits is this: if a parent (or any person) wants to lend a homebuyer $37,000, and the parent and the homebuyer have signed this formal document, the "unofficial loan" is basically unenforceable in court. A parent-lender who really wants to be paid back would n...
by dailybagel
Sat May 17, 2014 3:43 pm
Forum: Investing - Help with Personal Investments
Topic: Investing Money for House Purchase
Replies: 21
Views: 2034

Re: Investing Money for House Purchase

Thank you so much for your advice. We are willing to take a risk for a chance to achieve a higher return (10-15%). We have been placed in American Funds Portfolio Series share class C. Did the advisor mention the costs of this investment? Looking at the "Balanced Portfolio" example here, ...
by dailybagel
Sat May 17, 2014 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Purchase a certified vehicle, looking for opinions
Replies: 8
Views: 550

Re: Purchase a certified vehicle, looking for opinions

I would step back and ask what you really want and what you really need. If you want to buy a home, I predict this would delay you longer than the three to four months you mentioned. If the time frame is really that short, why don't you wait three to four months, save up the additional cash for the ...
by dailybagel
Sat May 17, 2014 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Replace Gas Guzzler with Toyota Prius Lease?
Replies: 24
Views: 2373

Re: Replace Gas Guzzler with Toyota Prius Lease?

I suspect that you are letting your desire for a new car influence your analysis. Is $1800 really realistic for auto repairs if you keep the old car? Seems to me like an exaggeration that would tilt this question in favor of the Prius. Financially speaking, it would require very unusual circumstance...
by dailybagel
Sat May 17, 2014 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Advice on house title - unmarried couple
Replies: 30
Views: 2378

Re: Advice on house title - unmarried couple

It is in your son's interest to retain sole title of the house. This way, if the unmarried couple separates, there is no messy situation in which she owns 5% of a difficult-to-value asset. If there is a large unexpected bill relating to the house, he would pay it. As a trade-off, I think the young l...
by dailybagel
Sat May 17, 2014 9:34 am
Forum: Investing - Help with Personal Investments
Topic: Age 32 Roth Help
Replies: 2
Views: 579

Re: Age 32 Roth Help

Having a good sum of money saved already, plus a mortgage halfway paid off at age 32, means the "dumb fisherman" label surely doesn't apply.

I would agree with Beth's suggestions above for fund choices in a Roth IRA.
by dailybagel
Sat May 17, 2014 8:38 am
Forum: Investing - Theory, News & General
Topic: funding retirement in one page
Replies: 9
Views: 2336

Re: funding retirement in one page

I smiled at the phrase "''selfie' pension". Do you mean by that a self-created pension, like an SPIA?
by dailybagel
Sun May 11, 2014 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Obligations to help parents financially?
Replies: 77
Views: 7724

Re: Obligations to help parents financially?

To the OP: I sympathize with the difficult position you've been placed in. Some people have written that you should wait until the bankruptcy is complete before making payments. This. You can't pay their debts in a bankruptcy situation to a specific creditor, although theses kinds of loans may have ...
by dailybagel
Sun Apr 06, 2014 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: temp power of attorney for specific purpose of selling house
Replies: 7
Views: 457

Re: temp power of attorney for specific purpose of selling h

Are you using a real estate agent for this transaction? If so, he or she will likely have standard forms for this purpose. Those forms will likely be tailored to law and practice in Michigan. I agree with your idea about limiting the scope of the POA to this transaction and to a narrow window of tim...
by dailybagel
Sun Apr 06, 2014 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Graduate School Loans
Replies: 13
Views: 1387

Re: Graduate School Loans

While it's not mathematically optimal, I would consider paying off some of the small loans first, in a hybrid of the debt snowball method. The debt snowball idea is to pay off small balances first. The advantage is that it simplifies your monthly accounting/paperwork after you pay accounts off in fu...
by dailybagel
Sat Apr 05, 2014 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: How do I value my business?
Replies: 6
Views: 749

Re: How do I value my business?

If you want to see whether a premium exists, try raising your prices. Doesn't it bother you in some way that your customer resells the product for such a premium over their cost?
by dailybagel
Thu Apr 03, 2014 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: flood risk, where to get investment loan
Replies: 5
Views: 368

Re: flood risk, where to get investment loan

Wanted to second mw1739's advice. Much better idea to lease a home for one year. If you buy, you will pay lots of transaction costs. Imagine 3% realty commissions, plus 1 or 2% in transfer taxes or recording fees. Plus, you'll have the risk that something goes wrong with the house during your period...
by dailybagel
Thu Apr 03, 2014 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Urge to buy a house every rent increase
Replies: 29
Views: 1776

Re: Urge to buy a house every rent increase

Xiosen, could you send a short letter in reply to the notice of rent increase? You could make a counteroffer of 4%, citing the discussion you had with an employee. Nothing to lose with that approach.
by dailybagel
Wed Apr 02, 2014 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Signing bonus as 401k contribution?
Replies: 14
Views: 1408

Re: Signing bonus as 401k contribution?

Other than company-specific bureaucratic or policy limitations, can anyone think of any legal reasons why a hiring company's signing bonus couldn't be given as an employer contribution to the soon-to-be-set-up 401k? I know that employers aren't limited to just matching contributions, as my current ...
by dailybagel
Wed Apr 02, 2014 10:55 am
Forum: Investing - Help with Personal Investments
Topic: Older and Wiser - Allocation Advice After Rookie Mistake
Replies: 16
Views: 2276

Re: Older and Wiser - Allocation Advice After Rookie Mistake

You can find a lot of information on Roth vs traditional on the forums. What made the most sense to me was an article by "The Finance Buff" which argues that, with our progressive income tax, traditional has a strong advantage. http://thefinancebuff.com/case-against-roth-401k.html The opti...
by dailybagel
Wed Apr 02, 2014 10:44 am
Forum: Investing - Help with Personal Investments
Topic: which fund for 23yr old
Replies: 10
Views: 702

Re: which fund for 23yr old

I hate to give the standard answer, but I think it depends on circumstances, other assets, desired risk level, and so on.

Is this for retirement savings, or savings with a shorter time horizon?
by dailybagel
Sat Mar 22, 2014 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Wealth management firms begin providing concierge services
Replies: 5
Views: 1403

Wealth management firms begin providing concierge services

A story by Liz Moyer in the Wall Street Journal describes how banks are beginning to provide personal concierge services, as a perk that comes with wealth management. http://online.wsj.com/article/SB10001424052702304026304579451392477121678.html From helping with the purchase of a plane to organizin...
by dailybagel
Thu Mar 20, 2014 11:33 am
Forum: Personal Consumer Issues
Topic: Buying new phone outright vs 2 yr contract + ETF
Replies: 45
Views: 2585

Re: Buying new phone outright vs 2 yr contract + ETF

Seems to me you didn't read my post. I'm not looking for suggestions. The question was, as clearly indicated in my original post: Why pay full retail price when you can get it cheaper via contract + ETF. The carrier (Verizon) was never in question - it's our only real option. When you limit yoursel...
by dailybagel
Wed Mar 12, 2014 8:35 pm
Forum: Investing - Theory, News & General
Topic: Vanguard bond funds and leverage
Replies: 6
Views: 630

Re: Vanguard bond funds and leverage

Wouldn't individual 7-year corporates have a similar problem?

Or is he invoking an accounting fiction in which people don't mark-to-market for individual bond holdings?
by dailybagel
Sat Mar 08, 2014 11:19 am
Forum: Personal Finance (Not Investing)
Topic: On the Borderline of Roth IRA's Income Limit
Replies: 2
Views: 293

Re: On the Borderline of Roth IRA's Income Limit

Do you currently have a balance in traditional IRA accounts? If no, then option (1) is pretty simple, and I would recommend that. The one-page tax form is not burdensome to fill out. If yes, then I think option (2) is better, because if you are eligible for direct contributions to a Roth, you can av...
by dailybagel
Sat Mar 08, 2014 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Questions about a Lingering Divorce
Replies: 28
Views: 1785

Re: Questions about a Lingering Divorce

Are both parents open to the idea of selling the house?

I agree with Michael Scott's suggestion to tread carefully. Even though you would be helping, you'd be the messenger of an unfortunate reality in your parents' situation: they may not be able to keep their current home.
by dailybagel
Sat Mar 08, 2014 11:10 am
Forum: Personal Finance (Not Investing)
Topic: I need a short term interest only loan. Advice?
Replies: 8
Views: 652

Re: I need a short term interest only loan. Advice?

Certainly. I don't like the idea either. For an amount this large, a loan secures by real property (your home) seems like the only option.

A 401(k) loan could be another option, but I would guess they have caps that are much lower than the amount you need.
by dailybagel
Sat Mar 08, 2014 10:45 am
Forum: Personal Finance (Not Investing)
Topic: I need a short term interest only loan. Advice?
Replies: 8
Views: 652

Re: I need a short term interest only loan. Advice?

One possibility, outside a home equity loan or mortgage, is if you roll over an IRA or 401(k) from one provider to another. You could ask the current custodian to send you a check for the balance. You then have 60 days to deposit the funds with your new custodian. This is highly risky, of course, an...
by dailybagel
Sun Mar 02, 2014 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Overseas investor interested in US real estate
Replies: 14
Views: 834

Re: Overseas investor interested in US real estate

I would suggest a US REIT fund. I know it's not what you're asking about, but I think it will simply be too challenging to own RE from abroad. As discussed in many threads on REIT vs direct ownership, a non-negligible amount of the profit from owning real estate comes from performing property manage...

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