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Re: IL 529 question

1) Would it make sense for me to use the IL 529 or another state plan such as Utah which I have heard is a good plan also? 2) If I use the IL 529 plan do my kids need to attend an IL college or am I able to use that plan for any college in the US? 3) If I move to another state do I transfer the 529...
by danwhite77
Sun Apr 13, 2014 11:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: IL 529 question
Replies: 4
Views: 339

Re: Stock markets in free fall?

I think that equities are safer than bonds over longer periods (about 12 years and up) ... How do you define "safe" or "safer"? My guess is that he's talking about the risk of inflation. Buffett, when discussing the performance of bonds relative to stocks, has described bonds al...
by danwhite77
Sat Apr 12, 2014 4:06 pm
 
Forum: Investing - Theory, News & General
Topic: Stock markets in free fall?
Replies: 92
Views: 6454

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

Skiing. For a family of six.
by danwhite77
Thu Apr 10, 2014 11:34 pm
 
Forum: Personal Consumer Issues
Topic: Expensive hobbies and possessions? (B/c you can...)
Replies: 126
Views: 8996

Re: Getting over huge mistakes

Be careful, if you measure your finances against the people that populate a forum dedicated to finance you will always be depressed. There's always a bigger fish. We recently had a person ask about how to manage an eight digit windfall (I assume a FB employee). Don't beat yourself up; I think that o...
by danwhite77
Thu Apr 10, 2014 11:38 am
 
Forum: Personal Finance (Not Investing)
Topic: Getting over huge mistakes
Replies: 30
Views: 3146

Re: Mortgage Loans and Retirement

We had a thread on this recently, try a few forum searches. As I recall the short answer is that you should not mention retirement when seeking a mortgage because regardless of assets, banks are skittish about lending to anyone without a job. As for whether or not you should carry a mortgage into re...
by danwhite77
Thu Apr 03, 2014 9:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage Loans and Retirement
Replies: 6
Views: 833

Re: best vacuum cleaner

Our Riccar is incredible and virtually indestructible. They're expensive but worth every penny.
by danwhite77
Wed Apr 02, 2014 2:33 am
 
Forum: Personal Consumer Issues
Topic: best vacuum cleaner
Replies: 23
Views: 1633

Re: Dream Home Construction/Purchase: Need Mortgage Advice

Boy it's complicated. Two years ago I was in your situation with comparable income to (potential) debt posture. I decided not to to go in at the percentages that you (we) are describing. I went low on the house, much lower, as in 50% lower. Would I do it again? I'm not sure. I think I would try to f...
by danwhite77
Fri Mar 28, 2014 8:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Dream Home Construction/Purchase: Need Mortgage Advice
Replies: 20
Views: 1595

Re: Load-Waived A-Share Funds Better Than Indexing?

Again though, most of the comparisons that praise the virtues of index investing are comparing performance against active funds THAT HAVE LOADS (which are hurting their performance). Is there nobody who would consider an active fund if they didn't have to pay load for an A-share? I think part of th...
by danwhite77
Tue Mar 25, 2014 10:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Load-Waived A-Share Funds Better Than Indexing?
Replies: 30
Views: 1145

Re: Thoughts On Pre-Paid College Plans

If you're in Illinois you need to read the fine print very carefully. The program is not backed by the "full faith and credit" of the state (such as it is). The treasurer has basically characterized the entire plan as a giant state-run ponzi scheme. We know how those end.
by danwhite77
Thu Mar 20, 2014 10:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Thoughts On Pre-Paid College Plans
Replies: 28
Views: 1924

Re: Leaving Fidelity

Welcome home! :D
by danwhite77
Wed Mar 19, 2014 11:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Leaving Fidelity
Replies: 35
Views: 3016

Re: Single Income Family with 4 Children (so far)

Good advice on term life insurance and disability. The insurance proceeds are tax free and that's something else to consider. I'm going to touch on another aspect of your post. I am part of a somewhat of small group of persons with three kids (ages 21 to 9). As a parent of FOUR children, you are an...
by danwhite77
Tue Mar 18, 2014 7:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Single Income Family with 4 Children (so far)
Replies: 69
Views: 4667

Re: 28 year old with student loan needs help

This question comes up very often. I just posted this on another thread:

Short answer is that there's no consensus on this subject. Below is a link to the wiki that's very useful in thinking about the question:

http://www.bogleheads.org/wiki/Paying_d ... _investing
by danwhite77
Tue Mar 18, 2014 3:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: 28 year old with student loan needs help
Replies: 14
Views: 973

Re: Opinion - balance between school loans and saving

Short answer is that there's no consensus on this subject. Below is a link to the wiki that's very useful in thinking about the question:

http://www.bogleheads.org/wiki/Paying_d ... _investing
by danwhite77
Tue Mar 18, 2014 2:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Opinion - balance between school loans and saving
Replies: 14
Views: 707

Re: Single Income Family with 4 Children (so far)

I am a dad of, and sole breadwinner for, four kids (DW stays at home). Great job keeping debt in line! I agree with the poster recommending increased retirement savings. Strike a balance where you're comfortable both saving for retirement and refinancing the debt you won't pay in the near term to th...
by danwhite77
Mon Mar 17, 2014 10:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Single Income Family with 4 Children (so far)
Replies: 69
Views: 4667

Re: Current Carry Cost of my home

I would simply advise you not to torture yourself about this. As long as you're living below your means, don't sweat the numbers because you can drive yourself nuts in relatively short order.
by danwhite77
Mon Mar 17, 2014 4:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Current Carry Cost of my home
Replies: 23
Views: 1482

Re: Improving Credit Score by Timing Credit Card Payments

You should read this post, it's an extraordinarily informative breakdown of how the FICO is calculated:

http://www.reddit.com/r/personalfinance ... e_numbers/
by danwhite77
Thu Mar 13, 2014 3:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Improving Credit Score by Timing Credit Card Payments
Replies: 17
Views: 1021

Re: best cash back credit card

For those using the Capital One cards, are you getting high credit limits? I've heard that they are quite stingy with credit lines compared to some other issuers. Are you getting credit lines of $10,000 or more? We opened ours last August. They gave us a credit limit of $10K (much less than our oth...
by danwhite77
Thu Mar 13, 2014 2:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: best cash back credit card
Replies: 185
Views: 20188

Re: Marvin vs. Andersen Windows: The Eternal Struggle

I have heard the same comparison, its like buying a DSLR. I was going to say go support the local economy and see which one is headquartered closer to you. Apparently both are in Minnesota. That's correct, and from what I'm told by some of the sales reps they even source their glass from the same s...
by danwhite77
Thu Mar 13, 2014 10:16 am
 
Forum: Personal Consumer Issues
Topic: Marvin vs. Andersen Windows: The Eternal Struggle
Replies: 27
Views: 1782

Re: Marvin vs. Andersen Windows: The Eternal Struggle

Thanks, everyone for your thoughts. I view the Andersen v. Marvin competition as a great win for consumers. It's like buying a DSLR. Whether you buy from Canon or Nikon (and of course each has an army of proponents), you really can't go wrong - both products are fantastic. And also, all of your poin...
by danwhite77
Thu Mar 13, 2014 9:54 am
 
Forum: Personal Consumer Issues
Topic: Marvin vs. Andersen Windows: The Eternal Struggle
Replies: 27
Views: 1782

Re: Marvin vs. Andersen Windows: The Eternal Struggle

Years ago I made an appointment with a company for an estimate for something, I forget what at this point, maybe floor covering, and two minutes later the salesman called back and said his boss required that "my husband" be there or he could not do an estimate. I was and am a single woman...
by danwhite77
Thu Mar 13, 2014 9:50 am
 
Forum: Personal Consumer Issues
Topic: Marvin vs. Andersen Windows: The Eternal Struggle
Replies: 27
Views: 1782

Re: Marvin vs. Andersen Windows: The Eternal Struggle

How many windows are you having replaced and what kind of windows are you replacing? 24 total and the current windows are builders grade 1967 originals. We're doing "new construction" windows - i.e., everything is coming out not just the glass panes. Edited to add that they're double hung...
by danwhite77
Wed Mar 12, 2014 11:22 pm
 
Forum: Personal Consumer Issues
Topic: Marvin vs. Andersen Windows: The Eternal Struggle
Replies: 27
Views: 1782

Marvin vs. Andersen Windows: The Eternal Struggle

Among many home improvement projects, I am determining which brand of window to use to replace approximately two dozen windows in our house. Based on countless google searches, including Bogleheads forum searches, and wading through dozens or hundreds of blog posts and comments (no doubt more than h...
by danwhite77
Wed Mar 12, 2014 11:06 pm
 
Forum: Personal Consumer Issues
Topic: Marvin vs. Andersen Windows: The Eternal Struggle
Replies: 27
Views: 1782

Re: Paying $1,000/yr to Vanguard ! Please Help Me

Why ? I look forward to the day I, too, pay $1000/yr to Vanguard! :greedy Because that will mean he has a very large portfolio with the company. If you're paying $1,000/yr to Vanguard, most people in this country would consider you rich. I hope to one day pay Vanguard $10,000/yr! It will be money v...
by danwhite77
Wed Mar 12, 2014 11:23 am
 
Forum: Investing - Help with Personal Investments
Topic: Paying $1,000/yr to Vanguard ! Please Help Me
Replies: 40
Views: 6689

Re: peak oil dead?

Locked.

Oh, wait, I don't have that power!
by danwhite77
Tue Mar 11, 2014 10:10 pm
 
Forum: Investing - Theory, News & General
Topic: peak oil dead?
Replies: 5
Views: 577

Re: Invest in taxable opposite weeks of non-taxable?

What if I contributed to the taxable on the other Friday. I just started doing this. For the 'other' week, you don't necessarily have to choose Friday, of course, so I intend to just pick any date on the "off" week (from IRA contribution) and DCA into the taxable investments on that day o...
by danwhite77
Tue Mar 04, 2014 1:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Invest in taxable opposite weeks of non-taxable?
Replies: 10
Views: 361

Re: washing machine - front loader or HE top loader?

We're considering CR's recommended Whirlpool Duet WFW70HEBW (front loader) and LG WT1101CW (top loader) and Samsung WA422PRDH[WR] (top loader). We will also consider other brands and models. We bought both a front loader LG washer and a dryer two years ago and they have performed exceptionally well...
by danwhite77
Tue Mar 04, 2014 10:45 am
 
Forum: Personal Consumer Issues
Topic: washing machine - front loader or HE top loader?
Replies: 52
Views: 2734

Re: What was your dumbest financial decision?

Just envision a scenario where you take a woman out for a lovely dinner and then pull out a two for one coupon with your credit card to pay. A boglehead compatible woman would be impressed; this could be a good screening mechanism to eliminate incompatible partners AND save money. This is what my h...
by danwhite77
Mon Mar 03, 2014 12:23 am
 
Forum: Personal Finance (Not Investing)
Topic: What was your dumbest financial decision?
Replies: 106
Views: 8335

Re: Warren Buffett's new letter

?..BRK vs the S&P 500. I arbitrarily picked the time period from 2000 to now. I can tell you that BRK is WAY behind the S&P 500, something like 4 fold less growth. From Morningstar, for the period 3/1/2000 to 3/1/2014 they show a $10,000 investment growing to: $17,357.41 VFINX (Vanguard 500...
by danwhite77
Sun Mar 02, 2014 4:42 pm
 
Forum: Investing - Theory, News & General
Topic: Warren Buffett's new letter
Replies: 13
Views: 1489

Re: Backdoor IRA screw up

Vanguard guy is right. The 1099 needs to match what you did or else the IRS's computers will spit out an automated adjustment due to the mis-match. You just need to file the form the Vanguard guy suggests, that way the 1099 will match, you'll file the form 'correcting' the amount and you'll pay tax ...
by danwhite77
Tue Feb 25, 2014 10:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor roth IRA [mess up]
Replies: 14
Views: 733

Re: Attic Retrofit: Spray Foam Insulation [Updated w Images]

The pictures help. It looks tough. I wouldn't want you to level the house but if there is a central duct rising from the basement to the attic I was thinking that there might be a way to tap in to it in multiple spots on the first and second floor to have short runs of vents to living areas, abando...
by danwhite77
Fri Feb 21, 2014 11:25 pm
 
Forum: Personal Consumer Issues
Topic: Attic Retrofit: Spray Foam Insulation [Updated w Images]
Replies: 40
Views: 2939

Re: Attic Retrofit: Spray Foam Insulation [Updated w Images]

When you had the roof re-done did they use something like Grace Ice & Water Shield as a peel and stick membrane along all the eaves and at the gables before they installed the shingles? Regarding your first question, I do have a full winterguard system, including extra underlayments near the gu...
by danwhite77
Fri Feb 21, 2014 11:16 pm
 
Forum: Personal Consumer Issues
Topic: Attic Retrofit: Spray Foam Insulation [Updated w Images]
Replies: 40
Views: 2939

Re: Attic Insulation Retrofit: Spray Foam Insulation

I live in New Orleans in a raised home. Several years ago, I had 4" of closed cell foam applied to the back side if the roof In the attic and the underside of the floor. Sealed the attic completely. This made a huge diffence in comfort and air quality. I had blown in cellulose added to my atti...
by danwhite77
Thu Feb 20, 2014 1:19 pm
 
Forum: Personal Consumer Issues
Topic: Attic Retrofit: Spray Foam Insulation [Updated w Images]
Replies: 40
Views: 2939

Re: Attic Insulation Retrofit: Spray Foam Insulation

It's probably not what you want to hear, but your HVAC lines have no business being in the attic in the first place based on your geographical location. Moving them would be the right fix, but you're probably not going to like that cost estimate. You are correct, but in 1967 no one cared about ener...
by danwhite77
Thu Feb 20, 2014 1:09 pm
 
Forum: Personal Consumer Issues
Topic: Attic Retrofit: Spray Foam Insulation [Updated w Images]
Replies: 40
Views: 2939

Re: Attic Insulation Retrofit: Spray Foam Insulation

BillyG, thanks very much for all of that information, that's extremely useful!
by danwhite77
Wed Feb 19, 2014 11:37 pm
 
Forum: Personal Consumer Issues
Topic: Attic Retrofit: Spray Foam Insulation [Updated w Images]
Replies: 40
Views: 2939

Re: Attic Insulation Retrofit: Spray Foam Insulation

1. Are your ducts sealed? Look for joints and registers where the ductwork may have come loose and is leaking air into the attic. Seal with tape or mastic. 2. Why not just insulate your existing ductwork? Put some of this around the ductwork in your attic: http://www.homedepot.com/p/Master-Flow-60-...
by danwhite77
Wed Feb 19, 2014 3:52 pm
 
Forum: Personal Consumer Issues
Topic: Attic Retrofit: Spray Foam Insulation [Updated w Images]
Replies: 40
Views: 2939

Re: Attic Insulation Retrofit: Spray Foam Insulation

How much R value is currently in the attic approximately? Also what climate zone are you in? The R value in the attic is probably negative. Seriously. There are many places where there simply isn't any blow-in insulation, the ceiling drywall is it. The insulation wrap around the duct work can't be ...
by danwhite77
Wed Feb 19, 2014 3:40 pm
 
Forum: Personal Consumer Issues
Topic: Attic Retrofit: Spray Foam Insulation [Updated w Images]
Replies: 40
Views: 2939

Attic Retrofit: Spray Foam Insulation [Updated w Images]

I am rehabbing a two story house built in 1967 located in the Chicago suburbs. Currently, the attic has a minimal amount of blow-in fiberglass insulation on the attic floor (top of the second floor ceiling). The HVAC system is designed with the furnace in the basement and a large interior column bri...
by danwhite77
Wed Feb 19, 2014 2:04 pm
 
Forum: Personal Consumer Issues
Topic: Attic Retrofit: Spray Foam Insulation [Updated w Images]
Replies: 40
Views: 2939

Re: 3 fund portfolio article from the Motley Fool

I'm curious, when day traders brag about their returns do they take into account transaction costs, taxes and/or expense ratios (if they're trading funds with ERs). It seems like they do A LOT of work for a potentially very small benefit over the long term. No, they just make up numbers. They don't...
by danwhite77
Fri Feb 07, 2014 4:03 pm
 
Forum: Investing - Theory, News & General
Topic: 3 fund portfolio article from the Motley Fool
Replies: 6
Views: 1518

Re: BoA Cash Rewards (1.5%+) Privileges VISA - worth a look?

I'm a CapOne Quicksilver user. 1.5% back on everything no fee and rewards automatically credited to my statement in real time. I love it.
by danwhite77
Wed Feb 05, 2014 9:54 am
 
Forum: Personal Finance (Not Investing)
Topic: BoA Cash Rewards (1.5%+) Privileges VISA - worth a look?
Replies: 14
Views: 1260

Re: Thoughts on Pet Insurance- Dog??

I'm related to a veterinarian and their take on pet insurance is that it's not worth it. Generally speaking the premiums are high because people that take out insurance on their pets are more likely to seek out medical care for their pets. Just one person's $.02.
by danwhite77
Mon Feb 03, 2014 9:13 am
 
Forum: Personal Consumer Issues
Topic: Thoughts on Pet Insurance- Dog??
Replies: 18
Views: 1338

Re: Withdrawal Roth IRA to pay down student loans

I, too, am occasionally overcome with the desire to completely alter our family financial makeup in order to quickly pay off student loans (although in any scenario, I would never incur a 10% penalty). I haven't done so, yet, instead I just weight any new money towards paying off debt. So, for examp...
by danwhite77
Thu Jan 30, 2014 8:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Withdrawal Roth IRA to pay down student loans
Replies: 9
Views: 486

Re: TAYLOR'S UPCOMING 90th BIRTHDAY

Happy birthday!
by danwhite77
Thu Jan 23, 2014 9:06 am
 
Forum: Local Chapters and Bogleheads Community
Topic: Taylor's 90th Birthday
Replies: 272
Views: 12477

Re: Done with School (Finally). Want Savings to be a Priorit

I am 100% equities, but I would caution that you should only consider such an allocation if you can tolerate watching your account balance plunge by 50% or more. The year 2008 was not much fun for those of us 100% in equities and recency bias with all the gains of the years since has more people thi...
by danwhite77
Wed Jan 22, 2014 10:46 am
 
Forum: Investing - Help with Personal Investments
Topic: Done with School (Finally). Want Savings to be a Priority
Replies: 7
Views: 706

Re: Rule of 752

I had dinner with MMM a few months ago. Great guy. Most Bogleheads would love him. He makes me look like a spendthrift though. Early retirement is great, if that's what you want. If you actually can find a job you like, I think it is more enjoyable to work and loosen the spending reins considerably...
by danwhite77
Fri Jan 17, 2014 3:02 pm
 
Forum: Personal Consumer Issues
Topic: Rule of 752 [savings tip]
Replies: 8
Views: 1701

Re: OTA HDTV - Best antenna to use?

For anyone else reviewing this thread without the constraint of wanting the antenna inside your room, the Antennas Direct DB8e is the Cadillac of OTA antennas. Works great inside, outside, or in your attic. You can pull stations from about 100 miles away, depending on your geography. I highly recomm...
by danwhite77
Sun Dec 22, 2013 5:59 pm
 
Forum: Personal Consumer Issues
Topic: OTA HDTV - Best antenna to use?
Replies: 23
Views: 2122

Re: Climate Denial R Us

Can you please provide a link directly to the page on the site that has the information you're describing? Thanks.
by danwhite77
Sat Dec 21, 2013 3:42 pm
 
Forum: Personal Consumer Issues
Topic: Climate Denial R Us
Replies: 4
Views: 563

Re: "Bogleheads Guide to Investing" 8 years ago.

"While some mutual fund founders chose to make billions, he chose to make a difference." Wow. The dedication could not be articulated better. That is absolutely phenomenal. This sentence perfectly communicates what all Bogleheads owe Jack Bogle. In fact, people that still have the billion...
by danwhite77
Fri Dec 20, 2013 1:30 pm
 
Forum: Investing - Theory, News & General
Topic: "Bogleheads Guide to Investing" 8 years ago.
Replies: 6
Views: 1032

Re: 145k in student loans, 255k in investments, and UNK Futu

That's a great legal job in the current market. Don't leave unless you are *absolutely* sure you can line up something better.
by danwhite77
Tue Dec 10, 2013 7:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Financial decisions to start a business and family (edited)
Replies: 36
Views: 1869
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