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Re: how to deal with it [regret over past investing choices]

You are well ahead of me. I didn't find this method until I was 58: retired and no earned income. The only person you are competing against is yourself. Are you better today than you were yesterday? You are, but only if you take what you now know and look forward. You can't keep looking back. You go...
by dratkinson
Sat Apr 18, 2015 3:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: how to deal with it [regret over past investing choices]
Replies: 67
Views: 5109

Re: Tips for Post-College Lifestyle

Read The Only Investment Guide You'll Every Need, by Tobias. Covers wide ranging personal finance topics.

Read Date... Or Soul Mate?, by Warren. Cheaper than a divorce.

Compare words and actions. When they disagree, believe the actions.
by dratkinson
Fri Apr 17, 2015 3:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tips for Post-College Lifestyle
Replies: 53
Views: 2607

Re: Don't have a plan, what to do with my money?

achen9291 wrote:...
Is there a pdf of the book online? I"ve tried looking for it but with no luck. I might just have to buy it and give it a read.


Get it from your local public library, or through inter-library loan.
by dratkinson
Fri Apr 17, 2015 3:10 pm
 
Forum: Personal Consumer Issues
Topic: Don't have a plan, what to do with my money?
Replies: 12
Views: 1481

Re: Turning 21, help organizing

Suggest reading The Only Investment Guide You'll Ever Need , by Andrew Tobias. Covers a wide range of personal finance topics. Can keep your fun-money stocks. Selling stocks. Pick one each year until done. (Assumes you stay in the <=15% fed tax bracket.) --Can sell losing stocks to offset ordinary i...
by dratkinson
Fri Apr 17, 2015 2:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Turning 21, help organizing
Replies: 3
Views: 446

Re: Taxes on a Muni Bond Fund

Two tax gotchas come to mind. 1. Any capital gain/loss on the sale is reported on Sch D. 2. Any TE dividends received, on shares (original or reinvested) owned less than six months, lose their tax-preferred treatment. Believe that means they are reported as ordinary interest on Sch B, but I could be...
by dratkinson
Fri Apr 17, 2015 1:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Taxes on a Muni Bond Fund
Replies: 7
Views: 1179

Re: Don't have a plan, what to do with my money?

If you have not already done so, suggest you read The Only Investment Guide You'll Every Need , by Andrew Tobias. Covers more personal finance issues than just investing. Had to look up Mango account: http://www.dailyfinance.com/2012/02/02/when-6-percent-interest-is-too-good-to-be-true/ Six percent ...
by dratkinson
Fri Apr 17, 2015 1:00 pm
 
Forum: Personal Consumer Issues
Topic: Don't have a plan, what to do with my money?
Replies: 12
Views: 1481

Re: Safety Deposit Box is Necessary (+1 plug:)

Recall Taylor telling us that his local Chase bank provides a free (unadvertised benefit) safety deposit box for veterans.
by dratkinson
Fri Apr 17, 2015 10:27 am
 
Forum: Personal Consumer Issues
Topic: Safety Deposit Box is Necessary (+1 plug:)
Replies: 31
Views: 3950

Re: DQOTD: Municipal Bond Fund Downside

@ogd, Thanks. Your speed|acceleration analogy was helpful. Working my through the Investopedia link supplied in the BH Wiki. I can't do anything with the math, but the graphs are helpful. Is the short-answer action-step to venture no further than IT with all callable bonds? Should that be my takeawa...
by dratkinson
Fri Apr 17, 2015 10:26 am
 
Forum: Investing - Theory, News & General
Topic: DQOTD: Municipal Bond Fund Downside
Replies: 19
Views: 1851

Re: How do you quickly cool food?

For quick cooling, how about a shot from a CO2 fire extinguisher?

Believe I've seen something similar (compressed CO2) used to chill glasses enough that some of the later added contents would form an icy layer on the inside. A frosty mug of root beer comes to mind.
by dratkinson
Thu Apr 16, 2015 7:35 pm
 
Forum: Personal Consumer Issues
Topic: How do you quickly cool food?
Replies: 27
Views: 1637

Favorable review: OLT.com (IRS free file online tax s/w)

Favorable review: OLT.com (IRS free file online tax software) Apologizes for tardiness of this review, but I don’t file early (never get money back, avoids amended returns from corrected tax documents), and I didn't know I'd find this solution. Long-story-short. This year I used OLT.com to do my tax...
by dratkinson
Thu Apr 16, 2015 6:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Favorable review: OLT.com (IRS free file online tax s/w)
Replies: 0
Views: 144

Re: DQOTD: Municipal Bond Fund Downside

@ogd, I do appreciate your effort, and the efforts of other senior investors who have tried to shed light on the finer points of muni investing, but so far it doesn't seem to be sinking in. The above logic is the only things that have stuck. I read your link and the described LT muni call risk sound...
by dratkinson
Thu Apr 16, 2015 3:16 am
 
Forum: Investing - Theory, News & General
Topic: DQOTD: Municipal Bond Fund Downside
Replies: 19
Views: 1851

Re: DQOTD: Municipal Bond Fund Downside

I'm a novice investor, you are forewarned. I went through this exercise in ~2007 when I was in the top of the 15% fed tax bracket, and trying to stay there to protect QDI/LTCG taxed at 0%. I decided to go with 50/50 VWITX/VWLTX because both won on the TEY (taxable-equivalent yield) calculation and k...
by dratkinson
Wed Apr 15, 2015 5:54 pm
 
Forum: Investing - Theory, News & General
Topic: DQOTD: Municipal Bond Fund Downside
Replies: 19
Views: 1851

Re: Vehicle for tall people/Spouse wants 50k car help!

My head touches the roof of everything (all Subaru's, Toyota Land Cruiser/4Runner, Honda CRV, Nissan Pathfinder, KIA Santa Fe, ...) I've recently sat in except: MB G500, Mini-Cooper, and Ford Transit Connect van. $50K gets a 10-yo G500. Big enough for 5 but I'd hate to feed/maintain it. Mini-Cooper ...
by dratkinson
Tue Apr 14, 2015 9:52 pm
 
Forum: Personal Consumer Issues
Topic: Vehicle for tall people/Spouse wants 50k car help!
Replies: 74
Views: 5059

Re: Considering Doing My Own Investing...but I'm not sure I

(Edit) 1% management fee. It is an error to believe that a 1% fee costs you only one part out of one hundred. Accumulation phase. Assume 1% management fee, 25% tax bracket, 3% inflation, and the market struggles to earn 7% 7%, nominal market return -3% , inflation 4%, real market return -1% , 25% ta...
by dratkinson
Wed Apr 08, 2015 9:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Considering Doing My Own Investing...but I'm not sure I shou
Replies: 49
Views: 4924

Re: Considering Doing My Own Investing...but I'm not sure I

Free money incentive. If you follow the money, but pay resulting higher fees, you will eventually lose it back, plus more. Bwaa-ha-ha-ha.... Vanguard pay you money to move your account there? Do some research into the structure of Vanguard Investment Group. Vanguard doesn't own the funds, we own th...
by dratkinson
Wed Apr 08, 2015 5:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Considering Doing My Own Investing...but I'm not sure I shou
Replies: 49
Views: 4924

Re: Considering Doing My Own Investing...but I'm not sure I

Your portfolio asset allocation (AA: stock/bond ratio) determination will be one of your most important decisions. Why? Because it controls your exposure to market risks. The short answer. There are simple rules of thumb for selecting an AA: (1) Age in bonds (conservative), or (2) age-10 in bonds (a...
by dratkinson
Mon Apr 06, 2015 3:46 am
 
Forum: Investing - Help with Personal Investments
Topic: Considering Doing My Own Investing...but I'm not sure I shou
Replies: 49
Views: 4924

Re: Investing in Hong Kong ETFS

Over the years, there have been several folks on from HK. Recall some interest in forming a HK BH chapter. Could search forum for those HK residents and send them private messages (should generate corresponding emails to there on-file addresses) requesting a meet & greet to exchange ideas. I rec...
by dratkinson
Sun Apr 05, 2015 11:34 am
 
Forum: Investing - Help with Personal Investments
Topic: Investing in Hong Kong ETFS
Replies: 1
Views: 222

Re: Considering Doing My Own Investing...but I'm not sure I

... Dive in head first with educating yourself, you will know when you have absorbed enough information as alot of it will be repetitive once you have a good grasp on how to move forward. ... Ditto. "Successful investing requires doing a few things correctly, and avoiding serious mistakes.&quo...
by dratkinson
Sat Apr 04, 2015 6:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Considering Doing My Own Investing...but I'm not sure I shou
Replies: 49
Views: 4924

Re: Considering Doing My Own Investing...but I'm not sure I

The short answer. It's not that hard. You can do it. Use a low-cost, tweaked 3-fund portfolio. The long answer. 1. Read The Arithmetic of Active Management : http://web.stanford.edu/~wfsharpe/art/active/active.htm Conclusion. It's a loser's game to try to beat the market. Instead, winner's match the...
by dratkinson
Fri Apr 03, 2015 8:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Considering Doing My Own Investing...but I'm not sure I shou
Replies: 49
Views: 4924

Re: Vanguard Tax-Exempt Bond Index Fund vs Savings Account

If I understand you correctly... you want to use a muni fund as a business checking account? ... I had a question. I have a business checking bank account that is usually around 100k and I've always wondered if a municipal bond investment would be a better use of those checking account funds... Grea...
by dratkinson
Fri Apr 03, 2015 7:36 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Tax-Exempt Bond Index Fund vs Savings Account
Replies: 7
Views: 1780

Re: Muni fund dividends considered income

If you need bonds, then you need bonds. Muni bond dividends, like all bond dividends, are considered income... they just receive favorable tax treatment. However, muni bonds (because of their favorable tax treatment) are typically of lower yield so will affect MAGI calculations less than taxable bon...
by dratkinson
Wed Apr 01, 2015 5:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Muni fund dividends considered income
Replies: 9
Views: 1056

Re: Cast Iron Skillet Cooking

Was browsing a thrift store a few days ago and found a Griswold 10" skillet. Had to buy it. Oven self-cleaning cycle cleaned it up nicely, but seems to have affected oven temp sensor as its now ~50 degrees lower than set-point when compared to aux. oven temp gauge. Griswold is noticeable thinne...
by dratkinson
Wed Apr 01, 2015 5:41 pm
 
Forum: Personal Consumer Issues
Topic: Cast Iron Skillet Cooking
Replies: 112
Views: 14784

Re: 26 year old beginner, What should I do?

...However, you could open and fund a Roth IRA for 2014 up to the limit, currently $5500 per year for someone your age. ... Now, if you were to fund a Traditional IRA for 2014, which is also possible , ... Clarification. One or the other, not both. Your 2014 traditional IRA tax savings (additional ...
by dratkinson
Tue Mar 31, 2015 4:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: 26 year old beginner, What should I do?
Replies: 21
Views: 2368

Re: 26 year old beginner, What should I do?

Read The Only Investment Guide You'll Ever Need , by Andrew Tobias. I covers a wide range of personal finance topics. Avoid the mistakes it identifies: not paying yourself first, CC debt, whole life insurance,.... Pay yourself first. Fully fund your 2014 Employer's retirement plan; at least ensure y...
by dratkinson
Mon Mar 30, 2015 5:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: 26 year old beginner, What should I do?
Replies: 21
Views: 2368

Re: Building a new house. Any recommendations?

I really like the idea of controlling water flow from blown washing machine hoses. Big pans under the washer with drainage. If similar things could be done for the dishwasher and icemaker that'd be even better. These hoses blow out all the time and cause big damage. Automatic, whole-house, water sh...
by dratkinson
Mon Mar 30, 2015 4:55 pm
 
Forum: Personal Consumer Issues
Topic: Building a new house. Any recommendations?
Replies: 53
Views: 5103

Re: Building a new house. Any recommendations?

Backup capability ideas, if you don't have a whole-house NG/propane backup generator. Backup sump pump. If you need a sump pump, can install a basepump.com as a backup sump pump. It runs off municipal water pressure so should work during a power outage. Backup heat. If you installed direct vent, NG-...
by dratkinson
Sat Mar 28, 2015 9:04 pm
 
Forum: Personal Consumer Issues
Topic: Building a new house. Any recommendations?
Replies: 53
Views: 5103

Re: Re:

I've found from long sad experience that the chance of screwing something up when trying to print double-sided is greater than 50%. Me too. I rarely have to print anything and when I do I have to figure out how to setup the printer again. The forms never fit the page the first try. It is worth the ...
by dratkinson
Fri Mar 27, 2015 5:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: If You Print and Mail, Do You Double-Side?
Replies: 44
Views: 15073

Re: Building a new house. Any recommendations?

Build an extra bay in your garage to use as a shop. Wire it with 240v (air compressor, welder, EV charging,...) Build a horizontal drain line inside your garage doors to carry away water, from hosing out garage and snow melt. Slope garage floors toward drain line. Build in a large pantry/laundry roo...
by dratkinson
Fri Mar 27, 2015 8:35 am
 
Forum: Personal Consumer Issues
Topic: Building a new house. Any recommendations?
Replies: 53
Views: 5103

Re: If You Print and Mail, Do You Double-Side?

... On two-sided forms (such as 1040) there is no place to put name or SS number on the back side. If I print single-sided, should I put name or SS number on the 2nd page of the form? Will it confuse their scanners if I do so? ... On automated two sided forms (1040), your identifying information is...
by dratkinson
Fri Mar 27, 2015 7:11 am
 
Forum: Personal Finance (Not Investing)
Topic: If You Print and Mail, Do You Double-Side?
Replies: 44
Views: 15073

Re: repair or replace old car?

Thanks, everyone. Upon reflecting on your posts, I plan to repair the car and continue adding to a sinking fund for a newer car in the next 12 months. I considered going to Camry/Accord route but I'm a big guy, hence my username, and the LS 400/430 is one of the only cars I've found where I'm truly...
by dratkinson
Thu Mar 26, 2015 6:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: repair or replace old car?
Replies: 26
Views: 2569

Re: Converted to Roth TSP and my taxes doubled!!

Looking at my federal withholding on my payroll website, it only gives me the option to increase my dependents and add a specific dollar amount for extra withholding. I have 0 dependents and I'm not married. How would I adjust it to get less money taken out? Can I just up the number of exemptions e...
by dratkinson
Thu Mar 26, 2015 5:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Converted to Roth TSP and my taxes doubled!!
Replies: 17
Views: 1716

Re: If You Print and Mail, Do You Double-Side?

... On two-sided forms (such as 1040) there is no place to put name or SS number on the back side. If I print single-sided, should I put name or SS number on the 2nd page of the form? Will it confuse their scanners if I do so? ... On automated two sided forms (1040), your identifying information is...
by dratkinson
Thu Mar 26, 2015 4:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: If You Print and Mail, Do You Double-Side?
Replies: 44
Views: 15073

Re: Whole Life Insurance 'Gift' from Parents

Short story. I kept the policy my parents bought for me. Believe I've probably broken even and beneficiary will gain. Long story. My parent did the same thing when I was in my mid-20s. Not knowing any better I kept the MetLife policy and reimbursed them for it. Assumed I was getting a good deal... b...
by dratkinson
Wed Mar 25, 2015 7:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Whole Life Insurance 'Gift' from Parents
Replies: 57
Views: 4137

Re: why they requires my username and pass word

Automatic login doesn't work if the cookie is gone.

Your PC's BH cookie is probably being deleted. Check all settings to ensure your cookie is being saved.

Believe browsers can save/delete cookies when they close.

Some 3rd party utilities (CCleaner,...) can save/delete cookies at PC startup.
by dratkinson
Wed Mar 25, 2015 5:58 pm
 
Forum: Forum Issues and Administration
Topic: why they requires my username and pass word
Replies: 7
Views: 938

Re: Teaching a responsible teen about money

The Only Investment Guide You'll Every Need, by Andrew Tobias, covers a wide range of financial topics every young adult should know.
by dratkinson
Mon Mar 23, 2015 6:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Teaching a responsible teen about money
Replies: 12
Views: 1013

Re: Convince a Newly Converted Boglehead to sell AAPL shares

You don't need to sell just because you are a new BH. Sell only for other (good) reasons. BHs are allowed a 5% fun-money account to scratch the speculative itch. As your BH investments grow, your AAPL position% will drop naturally. To reinvest dividends or not is also your decision. If for fun: then...
by dratkinson
Mon Mar 23, 2015 6:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convince a Newly Converted Boglehead to sell AAPL shares
Replies: 20
Views: 1977

Re: Best Bank for Checking Account

Could use bankrate.com to identify free checking accounts. Could call your local credit unions as CUs seem to have more free accounts than banks. Wherever you go, double check the fee structure as some things you may want to do (link to external accounts with ACH push/pull) may entail a fee. Ensure ...
by dratkinson
Mon Mar 23, 2015 5:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Best Bank for Checking Account
Replies: 29
Views: 2641

Re: new portfolio.

In above I struggled to give the textbook answer. In this I'll tell you what I'm doing and why. My tax brackets: 25% fed, 5% state. Compare current SEC yields and TEYs. VBMFX: SEC yield = 1.94% . (Long-term) total bond market (TBM). VWITX: SEC yield = 1.61%, TEY = 2.15 %. Intermediate-term national ...
by dratkinson
Thu Mar 19, 2015 8:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: new portfolio.
Replies: 5
Views: 574

Re: new portfolio.

... Questions for tax efficiency purposes: 1-I know my Target fund and Wellington in brokerage account are not tax efficient- should I sell and buy a simple 3-4 fund like total stock market index funds+total international index funds+total bond index funds or tax exempt bond fund for my brokerage a...
by dratkinson
Thu Mar 19, 2015 1:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: new portfolio.
Replies: 5
Views: 574

Re: new portfolio.

Bump. Just noticed OP was edited to include requested information.
by dratkinson
Thu Mar 19, 2015 10:48 am
 
Forum: Investing - Help with Personal Investments
Topic: new portfolio.
Replies: 5
Views: 574

Re: Single father Needs help on retirement portfolio (o)(o)

Questions: 1. Am I on the right track if I plan to retire at age of 55 or 62 (if not 55)? What can I do to retire at age of 55 or 62? It looks like you are investing $45-50K/year. That is encouraging, but is it enough? It depends upon your retirement living expenses. There are internet options repo...
by dratkinson
Thu Mar 19, 2015 10:36 am
 
Forum: Investing - Help with Personal Investments
Topic: Single father Needs help on retirement portfolio (o)(o)
Replies: 14
Views: 1737

Re: just cashed in EE bonds - tax question

Recall form 4868 (Application for Automatic Extension of Time to File U.S. Individual Income Tax Return) is an acceptable way of paying taxes owed by the due date (next April). Could earn interest on the otherwise government loan until then.
by dratkinson
Wed Mar 18, 2015 5:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: just cashed in EE bonds - tax question
Replies: 13
Views: 1098

Re: Asset Location of Bonds in Highest Tax Bracket

I believe it's okay to change if your long term plan has changed. But I would not change because of a short term market move. Bonds in tax advantaged space is the conservative wisdom, but it results in lower growth for TA. There is an opposite approach called "shoot for the moon in TA" tha...
by dratkinson
Wed Mar 18, 2015 4:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Asset Location of Bonds in Highest Tax Bracket
Replies: 10
Views: 755

Re: Guidance Kindly Requested (Portfolio Review)

Suggestions. 401k. Your best (lowest-cost, broadest index) options seem to be: 70%, SSgA S&P 500 Index NL-C 0.06 30%, Vanguard Total Bond Market Index-Admiral 0.08 If you must, you can pick up VEXMX (total stock market completion index) in your IRA. Traditional/Roth IRAs. The simple choice is: A...
by dratkinson
Tue Mar 17, 2015 6:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Guidance Kindly Requested (Portfolio Review)
Replies: 11
Views: 1264

Re: Advice on guiding an hour discussion with military

Will this discussion be with enlisted or officers? Only one or two O's will be in the mix. Edit: Mostly middle/upper enlisted. No lower enlisted. Pity, lower enlisted need it most and have more time to make compounding work for them. I like the idea of sending them here for a quick review. May need...
by dratkinson
Mon Mar 16, 2015 5:21 pm
 
Forum: Investing - Theory, News & General
Topic: Advice on guiding an hour discussion with military
Replies: 35
Views: 1972

Re: Guidance Kindly Requested (Portfolio Review)

Your IRAs. Do a forum search for "leaving American funds". You will be encouraged to do this. You can't do anything about past expenses, but you can about future expenses. So don't worry about your paid front loads as they are a sunk cost/tuition paid for your financial education. Moving t...
by dratkinson
Sat Mar 14, 2015 10:40 am
 
Forum: Investing - Help with Personal Investments
Topic: Guidance Kindly Requested (Portfolio Review)
Replies: 11
Views: 1264

Re: Advice on "Robo-Investment" tools

The short answer. The 3-fund portfolio is the simple 90% solution. Tweak it as necessary for your situation. The long answer. Step 1. Gather background investing information to create your plan. Begin reading in the Wiki (screen top right). Read all of the introductory stuff, so you know the forum's...
by dratkinson
Fri Mar 13, 2015 1:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice on "Robo-Investment" tools
Replies: 14
Views: 1023

Re: How many really understand how investing works?

People need products and services to live. Businesses supply products and services to consumers (people) for an expected profit. Businesses need capital to operate. Investors, through the investment markets (stock, bond) supply businesses with needed capital for an expected return/profit. The popula...
by dratkinson
Wed Mar 11, 2015 5:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: How many really understand how investing works?
Replies: 37
Views: 3213
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