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Re: should participate in employer matches?

Believe I've read here of some doing an annual rollover (in-service transfer) of 401k contributions to an IRA. If so then could use annual rollover to get full 401k contribution limit, get employer's match, and reduce future costs. Would need to check your 401k plan to see if in-service transfer is ...
by dratkinson
Wed Oct 01, 2014 3:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: should participate in employer matches?
Replies: 18
Views: 1074

Re: Finding Equivalent Vanguard Muni Fund

An amazing yield means less when accompanied by a capital loss: reference Madoff's clients. If your dad's fund has an advertised high yield, but $12K principle loss, then his total return (share price + dividends) is actually lower then he believes. You must subtract the principle loss to get total ...
by dratkinson
Wed Oct 01, 2014 2:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Finding Equivalent Vanguard Muni Fund
Replies: 5
Views: 302

Re: CNN: 5 investing secrets of the wealthy.

Not once do they suggest buying the total stock/bond market to control fees/risk/panic, or to avoid wasting time. I got that from #2 but maybe that was me reading between the lines: "Our high-net worth clients spend less time on that [picking next hot stock] and instead focus on wanting to own...
by dratkinson
Tue Sep 30, 2014 7:46 pm
 
Forum: Investing - Theory, News & General
Topic: CNN: 5 investing secrets of the wealthy.
Replies: 19
Views: 2898

Re: CNN: 5 investing secrets of the wealthy.

A half-truth is the most dangerous lie, because part of it is irrefutable truth. If you accept "1. Know the fees on your investments", " 2. Don't waste too much time looking for the next big thing", "3. Know your risk tolerance.", and "5. Never panic.", then t...
by dratkinson
Tue Sep 30, 2014 5:17 pm
 
Forum: Investing - Theory, News & General
Topic: CNN: 5 investing secrets of the wealthy.
Replies: 19
Views: 2898

Re: Redoing Neglected Portfolio - Need Alternatives

... if i'm not mistaken, all those funds are load funds. ... Change IPS. Only no-load funds may be used. Would think library board could manage investment account without broker: corporate account at Vanguard/Fidelity,.... Whoever does tax accounting now could educate/advice board on consequences o...
by dratkinson
Tue Sep 30, 2014 4:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Redoing Neglected Portfolio - Need Alternatives
Replies: 10
Views: 566

Re: Very basic bond question

The price of a stock become inflated from the accruing/embedded dividends, and is reduced by the same amount when the dividend is paid. The share owner (even if for only one day) on the day the dividend is declared gets the full dividend. Hence the advice "don't buy a dividend": you are ta...
by dratkinson
Tue Sep 30, 2014 4:07 pm
 
Forum: Investing - Theory, News & General
Topic: Very basic bond question
Replies: 7
Views: 750

Re: Water Powered Sump-Pump Backups?

Search for reviews on "Base Pump". Believe some here have used them. Other brands may also be available. Know nothing else about them. Don't appear to be that difficult to install for homeowner with copper pipe soldering skills.

basepump.com
by dratkinson
Tue Sep 30, 2014 3:51 pm
 
Forum: Personal Consumer Issues
Topic: Water Powered Sump-Pump Backups?
Replies: 19
Views: 808

Re: favorite brand name products

Progresso Hearty Tomato soup (not Tomato Basil) is much better than Campbell's Tomato soup Campbell's Split Pea & Ham soup. Le Sueur's sweet peas. Glory Seasoned Southern Style Greens (Turnip or Mixed). Served with Texas Pete Pepper Sauce. Bushes Baked Beans (original or onion) Post Honey Bunche...
by dratkinson
Mon Sep 29, 2014 3:52 pm
 
Forum: Personal Consumer Issues
Topic: favorite brand name products
Replies: 58
Views: 2679

Re: How can I stop feeling depressed about my finances?

I worked blue collar full-time while going to school part-time. I graduated college in 1980 at 32. My first job after graduation paid $1K/month, but only lasted 3 months: laid off due to economic downturn. I found other jobs. I didn't find the BH way until I was almost 60. Believe you are overreacti...
by dratkinson
Mon Sep 29, 2014 3:51 pm
 
Forum: Personal Consumer Issues
Topic: How can I stop feeling depressed about my finances?
Replies: 93
Views: 6061

Re: Gifting Appreciated EE or iBonds to non dependent for 52

sscritic, thanks for PM clarification. Second idea (again, I haven't looked that deeply). 1. OP uses bonds to fund own 529 plan, and takes European continuing education courses operated by qualified US school. Could take courses in foreign language immersion, Italian/French cooking, tourism/cultural...
by dratkinson
Mon Sep 29, 2014 4:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Gifting Appreciated EE or iBonds to non dependent for 529
Replies: 13
Views: 562

Re: Gifting Appreciated EE or iBonds to non dependent for 52

Gill wrote:You don't qualify because she isn't a dependent.
Gill


Idea. What if OP made parents of niece/nephew co-owner of the bonds, then gave them the bonds to fund 529 plan?
by dratkinson
Sun Sep 28, 2014 2:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gifting Appreciated EE or iBonds to non dependent for 529
Replies: 13
Views: 562

Re: Tax Season Reference???

... Thanks for the informative post! I didn't realize the software made it so easy, as I've always just used the most basic version. I will just plan on doing the questionnaire that you mentioned. :beer (not too early, is it?) For grins, you can try the tax software for free. Go to taxact.com and t...
by dratkinson
Sun Sep 28, 2014 2:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax Season Reference???
Replies: 13
Views: 597

Re: Cast Iron Skillet Cooking

newbie question here. Can I just get a cast iron dutch oven instead? Couldn't I use the dutch oven the same way as the skillet? It seems more practical for me to get the dutch oven since it has a lid and it has higher walls to avoid splatter. Lodge LCC3 Pre-Seasoned Cast-Iron Combo Cooker, 3-Quart....
by dratkinson
Thu Sep 25, 2014 4:53 am
 
Forum: Personal Consumer Issues
Topic: Cast Iron Skillet Cooking
Replies: 88
Views: 6651

Re: Calculating Bond Fund What-Ifs

... Malkiel: ... As those interest rates rose, bond prices fell, bonds became very, very volatile, and those who don’t remember history I think are doomed to repeat it . We’re in the same situation now. We’re financing our large debt with what’s called financial repression, keeping interest rates v...
by dratkinson
Wed Sep 24, 2014 5:20 pm
 
Forum: Investing - Theory, News & General
Topic: Calculating Bond Fund What-Ifs
Replies: 55
Views: 3603

Re: Cast Iron Skillet Cooking

Cast iron cooking forum: http://www.camp-cook.com/forum/ You can damage the coating (olive oil in this case) by placing CIS on high-temp stove-top burner to dry after washing... and walking away... and forgetting it until next morning. :oops: Needing to researched re-seasoning cast iron, found the f...
by dratkinson
Wed Sep 24, 2014 2:35 pm
 
Forum: Personal Consumer Issues
Topic: Cast Iron Skillet Cooking
Replies: 88
Views: 6651

Re: operating cost of this forum

I notice the next quarter Chase 5% cash back reward categories include Amazon. Time to restock needed items for a double bonus.
by dratkinson
Wed Sep 24, 2014 1:23 pm
 
Forum: Forum Issues and Administration
Topic: operating cost of this forum
Replies: 42
Views: 5232

Re: What can I do next?

Read this: http://www.bogleheads.org/wiki/Military_finances Begin investing in your Thrift Savings Plan (DoD 401k). Read The Boglehead's Guide to Investing to learn how to invest wisely. Read The Only Investment Guide You'll Every Need , by Andrew Tobias, for general advice on handling most other pe...
by dratkinson
Mon Sep 22, 2014 6:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: What can I do next?
Replies: 5
Views: 713

Re: Portfolio help please!

Using your cheapest 401k option (bonds in your case) is an acceptable option for consuming that space. And then filling out your asset allocation with low-cost tax-efficient funds in taxable is also acceptable. (International equities want to be in taxable to get the foreign tax credit: ~10% of thei...
by dratkinson
Mon Sep 22, 2014 5:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio help please!
Replies: 5
Views: 636

Re: Best way to invest for a small child/baby?

Paper I bonds purchased with your tax return. Child can be listed as co-owner or beneficiary. See IRS form 8888 and instructions. Safe. Tangible. Can specify amount in small increments. Can be used to fund 529 plan making interest tax-exempt. Child can look up current value at TreasuryDirect's onlin...
by dratkinson
Sun Sep 21, 2014 4:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Best way to invest for a small child/baby?
Replies: 7
Views: 1007

Re: inherited 500k, still a college student, how to invest??

Read the linked Wiki article on "Managing a Windfall". Most of your answers are in there. Will save time if you read it. Ask additional questions after you read it and there is something you didn't understand or it did not cover. Read the book, The Only Investing Guide You'll Every Need , ...
by dratkinson
Sun Sep 21, 2014 4:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: inherited 500k, still a college student, how to invest???
Replies: 48
Views: 4117

Re: Car registration & driving across the country

Should not be a problem. The dealer will mail your vehicle paperwork to your home address. The dealer will supply a temporary vehicle tag (paper label taped in the rear window) good for 30 days. Drive/enjoy your new car. During that time return to CA and "first register" it there after you...
by dratkinson
Sun Sep 21, 2014 3:28 pm
 
Forum: Personal Consumer Issues
Topic: Car registration & driving across the country
Replies: 14
Views: 986

Re: Portfolio help please!

I own both VWIUX and VWLUX (long-term national muni) and much prefer the higher dividends of the LT fund. I'm not worried about VWLUX's slightly greater price fluctuations, consider it a buying opportunity when it dips. Besides, VWLUX's volatility is much less than PE's. Even if you owned all your b...
by dratkinson
Sat Sep 20, 2014 2:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio help please!
Replies: 5
Views: 636

Re: New and Trying to Make Good Decisions

Your study, demonstrated attention to detail, and execution of BH philosophy is obvious. Municipal bonds. If needed, you are a candidate for using municipal bonds in your taxable account. The recommended fund is a national intermediate-term (~5 year duration) fund. Vanguard's is VWITX($3K min)/VWIUX...
by dratkinson
Thu Sep 18, 2014 5:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: New and Trying to Make Good Decisions
Replies: 17
Views: 1222

Re: Talk Me Off The Edge

... We've been happy with Total Bond, ... Our goal is to focus on total returns for our entire portfolio, not income. Stick with TBM if you have no better reason to change than your worry about interest rate risk. Yes, TBM will drop when interest rates rise, but it will recover as old bond issues a...
by dratkinson
Tue Sep 16, 2014 3:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Talk Me Off The Edge
Replies: 8
Views: 1710

Re: Should I purchase retirement home with in-laws?

I think it's also a bad idea to do the partnership. How about you buying the home and renting it to them? Double check the IRS requirements on "rental property". Seem to recall they frown if rented for below market value (half your mortgage payment = partnership equivalent) to close relat...
by dratkinson
Tue Sep 16, 2014 3:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I purchase retirement home with in-laws?
Replies: 18
Views: 1295

Re: Seeking Boglehead Perspectives on Portfolio

I'm a novice investor so be forewarned. Your implementation of BH philosophy, based on funds selected, seems acceptable. Study is obvious. Holding emergency funds in CD with low surrender hurdle vs. cash/savings is advocated by many seeking higher interest rates. Your taxable plan appear to be mains...
by dratkinson
Tue Sep 16, 2014 1:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Seeking Boglehead Perspectives on Portfolio
Replies: 5
Views: 486

Re: Investment advice for a young beginner

Follow the advice in the BH book about choosing an asset allocation and selecting funds. Use the lowest-cost, broadest-index fund options available to you. Consider all of your accounts as one portfolio: place (1) bonds in one account, stocks in another, or (2) duplicate funds in each account. Your ...
by dratkinson
Mon Sep 15, 2014 5:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investment advice for a young beginner
Replies: 4
Views: 305

Re: Do I need to hold my emergency fund in cash?

Just to be the devil's advocate: Suppose an individual has investments and owns a home free and clear - what's to stop that person from establishing a HELOC on the primary residence and using that for emergency funding? In other words, have a zero loan balance until the need arises, borrow from the...
by dratkinson
Sun Sep 14, 2014 9:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do I need to hold my emergency fund in cash?
Replies: 29
Views: 3288

Re: Do I need to hold my emergency fund in cash?

+1 for tiered EFs: 1. Credit cards. 2. Two months of living expenses in online checking. 3. $1K in local B&M savings for after-hours cash. 4. Half year in tax-exempt mmkt. Checks. Primary function: redistributions target for rebalancing. 5. Two years in I bonds. Buying them with fed tax return m...
by dratkinson
Sun Sep 14, 2014 8:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do I need to hold my emergency fund in cash?
Replies: 29
Views: 3288

Re: 18 and Need Help Starting

Was reading another topic and thought of something to get you some brownie points on your paper. Your high-income career will make you ineligible for a Roth IRA (income limits). However you will be eligible for a traditional IRA (no income limits), but at that income level your annual contribution w...
by dratkinson
Sat Sep 13, 2014 3:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: 18 and Need Help Starting
Replies: 30
Views: 2072

Re: Which generator do you have?

... It's not the solar panels that require the grid, it's the inverters and controllers. ... The solution to all this is to get a controller designed to work off grid, rather than trying to fool a grid tied system. Thank you. You've given me a much better understanding of the technical issues. I ap...
by dratkinson
Sat Sep 13, 2014 1:25 pm
 
Forum: Personal Consumer Issues
Topic: Which generator do you have?
Replies: 127
Views: 7796

Re: Is there a "catch" in this Xfinity offer ?

You really shouldn't have a comcast.net or att.net email address for this very reason. Get out of the stone age and get a gmail account. I actually have both and use the att.net for all my site signups, but you're right in that I would be better off the get another web based account. I have fastmai...
by dratkinson
Fri Sep 12, 2014 2:17 pm
 
Forum: Personal Consumer Issues
Topic: Is there a "catch" in this Xfinity offer ?
Replies: 23
Views: 1608

Re: Which generator do you have?

I've thought of a way to trick a grid-tied-only solar system into producing power. ... That won't work well. There is usually a mismatch between the power generated by the panels and the power needed by local loads. The controller sends any excess power to, or takes any deficit in power from, the g...
by dratkinson
Fri Sep 12, 2014 1:49 pm
 
Forum: Personal Consumer Issues
Topic: Which generator do you have?
Replies: 127
Views: 7796

Re: Which generator do you have?

... Be careful on this. On a lot of solar installations I have seen, the grid goes down, so does your solar. This is done for grid stability reasons I assume. Make sure there is a way to isolate from the grid. ... I've thought of a way to trick a grid-tied-only solar system into producing power. Af...
by dratkinson
Thu Sep 11, 2014 3:29 pm
 
Forum: Personal Consumer Issues
Topic: Which generator do you have?
Replies: 127
Views: 7796

Re: Which generator do you have?

I have a Generac iX2000. It's a piece of junk. The inverter module died ... So, a perfectly good motor is headed to the trash heap due to faulty electronics. ... Option #1. I seem to recall the people on the utterpower.com website were developing a tapered plug/shaft to fit into the end of motors f...
by dratkinson
Wed Sep 10, 2014 4:32 am
 
Forum: Personal Consumer Issues
Topic: Which generator do you have?
Replies: 127
Views: 7796

Re: No good bond funds available. Other options?

Using muni funds extends your tax-advantaged space. Not true. You pay no taxes, but at the cost of worse yields that you would have had otherwise. ... Truthfully, I didn't check the SEC yields before posting. Didn't realize CA IT's was so close to IT treasury's. VFITX, intermediate-term treasury (s...
by dratkinson
Tue Sep 09, 2014 5:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: No good bond funds available. Other options?
Replies: 15
Views: 1339

Re: No good bond funds available. Other options?

Your tax brackets could support this option. Put either of these in a taxable account. CA IT municipal bond fund: VCAIX ($3K min, ER 0.20%). CA LT municipal bond fund: VCITX ($3K min, ER 0.20%). At $50K invested, Admiral shares kick in and ER drops to 0.12% Temper interest-rate risk by choosing the ...
by dratkinson
Tue Sep 09, 2014 2:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: No good bond funds available. Other options?
Replies: 15
Views: 1339

Re: What do you measure your AA against?

Vanguard has a portfolio what-if tool that gives the long-term results of past stocks/bonds/cash allocations you've entered. Could use that as a yardstick to compare against your return. If you entered 100% allocations to each, would get the long-term results of individual components (stocks, bonds,...
by dratkinson
Sun Sep 07, 2014 4:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: What do you measure your AA against?
Replies: 20
Views: 1120

Re: Need Help; First Time Investor

+1 Stop. It makes a big difference whether you are age 20 or age 65: you don't say. Plus you've left out a lot of other information we need. What? (1) First, do your required reading. It will bring you up to speed on the BH investing philosophy and methods, and help you understand the advice you wil...
by dratkinson
Sun Sep 07, 2014 4:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need Help; First Time Investor
Replies: 4
Views: 231

Re: Portfolio Advice Needed $1M age 40

Wow thanks for the quick replies. A few more details: 1. In addition to maxing our 401k / IRAs we save about $10-$12K/month. ... Suggest editing your OP to include all of this information: click the edit button. Why? It's easier for anyone offering suggestions to have all of the facts in one place....
by dratkinson
Sun Sep 07, 2014 4:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice Needed $1M age 40
Replies: 18
Views: 2054

Re: [Helping someone] think like a rich person

"Rich people plan for three generations, poor people plan for Friday night." Sayings are okay, but believe your friend needs a how-to book. For personal-finance advice, read The Only Investment Guide You'll Ever Need by Andrew Tobias. Covers most topics she will encounter in daily life. Be...
by dratkinson
Sun Sep 07, 2014 3:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Helping someone] think like a rich person
Replies: 40
Views: 4172

Re: My IPS in computer pseudocode [Investment Policy Stateme

OP. Your idea for reminder messages took root when I read it. This month I'm responded to my first Excel reminder based on your idea. With no new money going into my Roth, still accumulating, and wanting to shoot for the moon (equities only, no bonds), the equities are rebalanced by redirecting quar...
by dratkinson
Sat Sep 06, 2014 10:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: My IPS in computer pseudocode [Investment Policy Statement]
Replies: 23
Views: 2489

Re: Do you consider your emergency fund part of your portfol

Do you consider your emergency fund part of your portfolio?

No. I consider my portfolio to be part of my emergency fund.
by dratkinson
Sat Sep 06, 2014 4:26 pm
 
Forum: Investing - Theory, News & General
Topic: Do you consider your emergency fund part of your portfolio?
Replies: 50
Views: 3053

Re: Drawing down a windfall...

If memory serves, the 4% safe withdrawal rate was recommended for a 30-year retirement horizon: 65-95. Starting withdrawals in ones 40s would require a much lower rate to sustain. One additional wrinkle. There have been recent topics about current market returns only supporting a 3% safe withdrawal ...
by dratkinson
Sat Sep 06, 2014 4:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Drawing down a windfall...
Replies: 55
Views: 4172

Re: Which generator do you have?

Weighing in on the plug-in NG furnace issue. I too don't see the problem. (Full disclosure. My central heat is hard-wired NG, but believe plug-in furnace solution to be elegantly simple.) Electric code compliance. If we can plug in a 1500 watt electric heater, then why can't we plug in a 600 watt NG...
by dratkinson
Thu Sep 04, 2014 4:49 pm
 
Forum: Personal Consumer Issues
Topic: Which generator do you have?
Replies: 127
Views: 7796

Re: Which generator do you have?

Emergency lights. I do have several kerosene lamps (flat-wick and Aladdin), candles, and flashlights for emergency lighting, but wanted something a little more convenient, safer, and automatic. So.... I have several of the small battery-backed 3-in-1 night lights in my hallway mounted high up on th...
by dratkinson
Thu Sep 04, 2014 4:31 pm
 
Forum: Personal Consumer Issues
Topic: Which generator do you have?
Replies: 127
Views: 7796

Re: 18 and Need Help Starting

My second-level thinking just kicked in. If you are having trouble with this personal-finance retirement-planning exercise, then you probably have problems with other real-life personal finance issues. Suggest you read The Only Investment Guide You'll Every Need , by Andrew Tobias. It briefly covers...
by dratkinson
Wed Sep 03, 2014 5:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: 18 and Need Help Starting
Replies: 30
Views: 2072

Re: does this (gardening?) tool exist?

Can you attach a "claw grabber" to the back of your long pruner? If above would be too heavy, can you attach a long telescoping painters pole to a claw grabber? In either case, rig a rope so you can activate claw from ground. I use a Fiskars telescoping pruning saw/bypass lopper. Hung cut ...
by dratkinson
Wed Sep 03, 2014 4:51 pm
 
Forum: Personal Consumer Issues
Topic: does this (gardening?) tool exist?
Replies: 9
Views: 1121

Re: Need good bank for 84y.o. ma who doesn't want online ban

Could try a credit union: fees should be lower than at a bank. Ask to see some of their printed statements to get a feel for them and if they will suit your needs. Sample entires from my CU statement: Deposit: ACH METLIFE - TYPE: "transaction identifying information" $xx.xx (quarterly stoc...
by dratkinson
Wed Sep 03, 2014 4:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need good bank for 84y.o. ma who doesn't want online banking
Replies: 16
Views: 926
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