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Re: Is it ever okay to use IRA to pay off student loan?

Assuming that you are young and don't have a full emergency fund, I'd keep the the money in the Roth if I were you. I'd rather have $8k in a Roth and $8k in good debt, than $0 in both because you can use the Roth contributions in an emergency if needed. Also, since student loan interest is tax deduc...
by dsmil
Fri Apr 18, 2014 1:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is it ever okay to use IRA to pay off student loan?
Replies: 5
Views: 532

Re: What Book Are You Currently Reading? Part V

Just finished "You Herd Me" by ESPN radio host Colin Cowherd, now moving on to "Every Shot Counts" by Mark Broadie. I moved into my current town a year ago and am now realizing how great the library can be. "Every Shot Counts" was released a month ago and now I'm readin...
by dsmil
Fri Apr 18, 2014 9:53 am
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part V
Replies: 2633
Views: 602419

Re: If you leave your job, can you use up your whole FSA?

My wife's employer has a dependent care FSA where we can contribute up to $5k. I wonder if these loopholes work similarly, using the birth of a baby as a life-event. Example: Elect the maximum $5k contribution for 2015, have a baby in early 2015 (hard to plan but still), and cancel the salary deduc...
by dsmil
Thu Apr 17, 2014 12:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: If you leave your job, can you use up your whole FSA?
Replies: 29
Views: 1891

Re: If you leave your job, can you use up your whole FSA?

My wife's employer has a dependent care FSA where we can contribute up to $5k. I wonder if these loopholes work similarly, using the birth of a baby as a life-event. Example: Elect the maximum $5k contribution for 2015, have a baby in early 2015 (hard to plan but still), and cancel the salary deduct...
by dsmil
Thu Apr 17, 2014 11:33 am
 
Forum: Personal Finance (Not Investing)
Topic: If you leave your job, can you use up your whole FSA?
Replies: 29
Views: 1891

Re: New TV or Sound bar?

After doing some more research I think I'm going to go with a ZVOX SoundBase 220 and get this HDMI switch - http://www.monoprice.com/Product?c_id=101&cp_id=10110&cs_id=1011001&p_id=8148&seq=1&format=2 I may also get a Bluetooth receiver, but don't really want one extra thing to ...
by dsmil
Wed Apr 09, 2014 10:57 am
 
Forum: Personal Consumer Issues
Topic: New TV or Sound bar?
Replies: 38
Views: 2213

Re: Tough college choice

http://www.udel.edu/IR/reports/cplan/2011/ The link above is data pulled from a survey given to 2011 graduates at Delaware. Not everyone returns the survey so I'm not sure how accurate it is, but you can find Fashion Merchandising info in the Arts and Sciences section. I think this is the most recen...
by dsmil
Mon Mar 24, 2014 2:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tough college choice
Replies: 54
Views: 4038

Re: Tough college choice

I graduated from Delaware a few years ago, and most of us accounting majors were able to have job offers during our senior year. It's more efficient for companies to recruit students from a few large schools rather than having to visit a ton of small ones. Plus, employers may not have already hired ...
by dsmil
Mon Mar 24, 2014 2:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tough college choice
Replies: 54
Views: 4038

Re: Do you love your job? What do you do?

imgritz wrote:I love my secondary job: Beer researcher and consumption.


If this were Facebook than I would have "liked" this post
by dsmil
Fri Mar 21, 2014 8:55 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you love your job? What do you do?
Replies: 134
Views: 10103

Re: Do you love your job? What do you do?

I'm a CPA in my mid-20's, and moved from public accounting to private industry last year. I don't think I'll ever "love" accounting, but I work 40 hours per week, have no stress at work, have a short commute for the area, and get paid well. My future earning potential may not be as good wi...
by dsmil
Fri Mar 21, 2014 8:52 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you love your job? What do you do?
Replies: 134
Views: 10103

Re: Bogleheads Stance on Home Buying

IMO the Bogleheads can sometimes be too conservative when it comes to the down payment and emergency fund needed before buying a home. In 2012, home prices and interest rates were very low which created a nice buying opportunity, even without 20% down or a huge emergency fund. As far as how expensiv...
by dsmil
Tue Mar 18, 2014 1:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bogleheads Stance on Home Buying
Replies: 61
Views: 4601

Re: Best rewards/travel credit card

I like Chase Sapphire Preferred. The ability to exchange points into programs like Southwest or Hyatt is awesome. I'm going to Europe this summer and booked $600/night rooms in Paris for $200 of points.
by dsmil
Wed Mar 12, 2014 10:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Best rewards/travel credit card
Replies: 26
Views: 1935

Re: Buy vs rent no longer relevant?

I like the idea of buying if you have an emergency fund setup and if you think that you'll be in the same area for awhile. And when looking at the monthly costs of buying vs. renting, you could probably discount your house costs by the principal payment of your loan since you basically own an asset ...
by dsmil
Fri Mar 07, 2014 10:10 am
 
Forum: Personal Finance (Not Investing)
Topic: Buy vs rent no longer relevant?
Replies: 60
Views: 5850

Re: 401 match (poll)

The amount that my company contributes is discretionary based on a % of salary. Since the fees are high, I don't contribute at all since it has no effect on what the company puts in. I think that they usually give around 2% of salary.
by dsmil
Fri Mar 07, 2014 10:02 am
 
Forum: Personal Finance (Not Investing)
Topic: 401 match (poll)
Replies: 33
Views: 1771

Re: POLL: What Percentage of Your Retirement Portfolio is Ro

I'm at around 50%, although everything that I've invested other than my 401k is in a Roth. Assuming that we aren't phased out anytime soon, I don't see this changing. I'm in my mid-20's and by the time that I retire, I could easily see tax rates significantly higher than they are now considering the...
by dsmil
Fri Jan 24, 2014 12:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: What Percentage of Your Retirement Portfolio is Roth?
Replies: 42
Views: 3025

Re: What Book Are You Currently Reading? Part V

I'm reading Fantasy Life by Matthew Berry. An entire book about fantasy sports and I'm hooked so far.
by dsmil
Fri Jan 24, 2014 9:32 am
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part V
Replies: 2633
Views: 602419

Re: Stocks/Bonds Allocation Curved Calculations

http://www.mymoneyblog.com/target-date-retirement-funds-401k.html This chart gives a good comparison of a few of the target retirement funds. Vanguard looks like they are at about 90% equities until you get to 25 years away from retirement where they start decreasing equities by 1.6% each year. htt...
by dsmil
Wed Jan 22, 2014 11:47 am
 
Forum: Investing - Theory, News & General
Topic: Stocks/Bonds Allocation Curved Calculations
Replies: 4
Views: 344

Re: Stocks/Bonds Allocation Curved Calculations

This is my own plot of the numbers from a Morningstar source. Huh. For some reason the forum software is not letting me post inline images online today... anyway, it's at http://i39.tinypic.com/33vdb9f.jpg The link for that source, now updated to 2013, is: https://corporate.morningstar.com/us/docum...
by dsmil
Wed Jan 22, 2014 11:31 am
 
Forum: Investing - Theory, News & General
Topic: Stocks/Bonds Allocation Curved Calculations
Replies: 4
Views: 344

Stocks/Bonds Allocation Curved Calculations

Does anyone have any models or links to websites which show stocks/bonds allocation percentages based on a curve rather than the normal x - Age straight-line? I've been using 115-age but I feel as though a curved model where bonds increase exponentially makes more sense. By looking at the Vanguard t...
by dsmil
Wed Jan 22, 2014 10:37 am
 
Forum: Investing - Theory, News & General
Topic: Stocks/Bonds Allocation Curved Calculations
Replies: 4
Views: 344

Re: Getting married and buying a house.

First of all, great username. Second, my wife and I are your age and bought a house last year. The Bogleheads were pretty negative when I posted the question on whether we should buy a house, but we found it to be a great decision and are very happy. Your finances are in better shape than ours so yo...
by dsmil
Fri Jan 17, 2014 3:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Getting married and buying a house.
Replies: 2
Views: 354

Re: Who Invests 100% in Passive Index Funds/ETFs

I'm 100% in Vanguard ETF's and the only thing I see changing in the future is moving to index funds
by dsmil
Thu Jan 16, 2014 9:57 am
 
Forum: Investing - Theory, News & General
Topic: Who Invests 100% in Passive Index Funds/ETFs
Replies: 79
Views: 5391

Re: Good/ enjoy math, but dislike programming: College major

I'd recommend accounting based on my experience, although I wished that I double majored with Finance. As long as he goes to a decent school, have a 3.0, and can interview well, he shouldn't have trouble getting a job offer at the beginning of senior year. You also don't need a Master's degree and c...
by dsmil
Mon Jan 13, 2014 10:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Good/ enjoy math, but dislike programming: College major?
Replies: 65
Views: 3210

Re: Comcast Premium Entertainment Reward Offer

I just received a ‘Premium Entertainment Reward’ offer in the mail. Because I am a “valuable customer” Comcast is offering me a two year agreement at no additional charge that includes the choice of two premium channels from HBO, SHOWTIME, Cinemax, or STARZ plus Streampix. Thinking this might be to...
by dsmil
Thu Nov 21, 2013 9:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Comcast Premium Entertainment Reward Offer
Replies: 5
Views: 748

Re: Should having a pension effect our asset allocation?

MBMiner wrote:You might ask the teacher how it affects your asset allocation. :happy
Bruce


Smart man, always ask the teacher first, change made
by dsmil
Mon Apr 01, 2013 10:13 am
 
Forum: Investing - Help with Personal Investments
Topic: Should having a pension affect our asset allocation?
Replies: 23
Views: 2205

Should having a pension affect our asset allocation?

Hello Bogleheads, My wife and I are in our 20's and have been investing using the asset allocation below. For our stock/bond allocation, I've been using 115 - age. My wife is a teacher and her pension would replace about 50% of her gross income at retirement. Because of this, is there really any rea...
by dsmil
Mon Apr 01, 2013 9:03 am
 
Forum: Investing - Help with Personal Investments
Topic: Should having a pension affect our asset allocation?
Replies: 23
Views: 2205

Re: Are we ready (enough) to buy a house?

Just an update, we're now thinking about townhomes around $325k in a slightly less expensive area than before. We like the idea of the townhouse because of the lower repairs/maintenance costs. The homes in this price range also give us the flexibility to use this as a starter home, or a home that we...
by dsmil
Tue Aug 07, 2012 12:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Are we ready (enough) to buy a house?
Replies: 29
Views: 2799

Re: Are we ready (enough) to buy a house?

jenny345 wrote:Just some food for thought - do you live in a high COLA where 350K plus gets you a basic home or is this an upscale house?


The cost of living is relatively high so at our price range we'd be looking at a lot of newer townhomes with 3 bedrooms, or possibly older single family homes.
by dsmil
Mon Jul 23, 2012 2:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Are we ready (enough) to buy a house?
Replies: 29
Views: 2799

Are we ready (enough) to buy a house?

Hello Bogleheads, My wife and I have been aggressively paying off student loans for the past 2.5 years ($52k paid off) and are now looking to buy a house and start a family soon after that. Please let me know if you think we are in a good enough position to do this (and please hold off on the "...
by dsmil
Mon Jul 23, 2012 12:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Are we ready (enough) to buy a house?
Replies: 29
Views: 2799

Re: Credit Cards - authorized user???

I don't believe that an authorized user's credit is affected. This simply means that they are allowed to use the card.
by dsmil
Fri Jul 20, 2012 4:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit Cards - authorized user???
Replies: 2
Views: 372

Re: Post your AA

Age: 25

US Equity 45%
US REIT 10%
US Small Cap Value 9%
International Equity 21%
International Emerging Markets 7%
US Bonds 8%
by dsmil
Tue Jul 17, 2012 9:59 am
 
Forum: Investing - Theory, News & General
Topic: Post your AA
Replies: 135
Views: 15630

Re: Advice Needed - Young boglehead becoming a financial adv

Thanks for the advice, but wow it's pretty sad that a guy can't just give some friendly advice to some recent college graduates who have no idea what they are doing with money. Hey, at least the time can instead be spent working on my golf game.
by dsmil
Mon Jul 16, 2012 11:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Advice Needed - Young boglehead becoming a financial advisor
Replies: 15
Views: 2158

Advice Needed - Young boglehead becoming a financial advisor

Hello Bogleheads, I have been thinking about starting up a small financial advisory practice in the DC area, to help young people like myself with their money. As I have been working in public accounting for the past 3 years, I've realized that most people my age (20's) know nothing about money (eve...
by dsmil
Mon Jul 16, 2012 11:02 am
 
Forum: Personal Finance (Not Investing)
Topic: Advice Needed - Young boglehead becoming a financial advisor
Replies: 15
Views: 2158

Re: TV show recommendations?

Curb Your Enthusiasm, Seinfeld, The Office, PTI
by dsmil
Thu Jun 14, 2012 2:49 pm
 
Forum: Personal Consumer Issues
Topic: TV show recommendations?
Replies: 200
Views: 14318

Re: CPA exam

I used the Wiley cd-rom testbanks and Wiley books, and passed last fall. It was definitely an effective and cheaper way to do it since I'm not a good listener. You can only re-sell the testbanks on ebay and make decent money back. I'm an auditor in public accounting and my order from hardest to easi...
by dsmil
Fri Jun 08, 2012 3:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: CPA exam
Replies: 39
Views: 4947

Re: Boglehead Beer

Just picked up six packs of some beers that I had never tried before: Founders Red's Rye, Victory Storm King Stout, and Unibroue Trois Pistoles. So far I've tried the Founders Red's Rye beer and it is now definitely one of my top 5 beers. http://beeradvocate.com/beer/profile/1199/16074 http://beerad...
by dsmil
Wed Mar 28, 2012 12:19 pm
 
Forum: Personal Consumer Issues
Topic: Boglehead Beer
Replies: 324
Views: 36834

Re: W-2C: Need to amend return?

I also received a W-2C which actually would have helped me get another couple of bucks. I forgot about it, filed, and received my refund. I have no idea whether this would trigger an audit but I'm assuming that since you owe more without filing it, than it shouldn't matter...just a guess though.
by dsmil
Tue Mar 27, 2012 9:21 am
 
Forum: Personal Finance (Not Investing)
Topic: W-2C: Need to amend return?
Replies: 1
Views: 146

Re: Total Insanity--sport star compensation

Let's say Pujols gets $5k more in the seats per game x $100 spent x $81 home games x 10 years = $405 Million in revenue added. Baseball players get a ton of money but it's worth it considering how much revenue they produce.
by dsmil
Fri Dec 09, 2011 10:54 am
 
Forum: Personal Finance (Not Investing)
Topic: Total Insanity--sport star compensation
Replies: 148
Views: 5294

Re: CPA Exam Cost (What would you do?)

You don't need to spend thousands on a review course, although most people do. I started using a review course and found that it didn't work for me. I then bought the Wiley HomeStudy Books and the Wiley Test Bank and passed my tests. You could get everything you need for about $400 or get it even ch...
by dsmil
Tue Nov 22, 2011 11:23 am
 
Forum: Personal Finance (Not Investing)
Topic: CPA Exam Cost (What would you do?)
Replies: 34
Views: 1949

Re: Median net worth in US by age

The decrease in net worth for young people must be student loans. For people who studied something useful in college and got a good job, their net worth is probably lower than average in their low 20's but will then increase because of earning potential....at least that's what I'm telling myself! $5...
by dsmil
Wed Nov 09, 2011 3:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Median net worth in US by age
Replies: 84
Views: 10148

Re: Should I Try To Catch Low Mortgage Rates?

On the non-financial side, make sure you allocate some of those funds for being young and having fun. When my wife and I were that age we made sure to travel and enjoy the beautiful city we were living in. Ten years on, with kids and a less exciting living situation, I'm glad that we did instead of...
by dsmil
Thu Nov 03, 2011 11:48 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I Try To Catch Low Mortgage Rates?
Replies: 18
Views: 1705

Re: Should I Try To Catch Low Mortgage Rates?

Thanks for the input! Our plan for now is to put all of our extra money towards paying off our high interest student loans, and then saving for a down payment. $40k of our $92k student loans are at 8%, and we will try to pay them off in 2 years, along with making the standard 10 year repayment payme...
by dsmil
Thu Nov 03, 2011 9:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I Try To Catch Low Mortgage Rates?
Replies: 18
Views: 1705

Re: Should I Try To Catch Low Mortgage Rates?

Thanks for the feedback so far! I think it could come down to making financial sense vs. the fact that I'd much rather be living in a townhouse on a golf course rather than an apartment for the next 5 years!
by dsmil
Fri Oct 28, 2011 2:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I Try To Catch Low Mortgage Rates?
Replies: 18
Views: 1705

Re: Catching low mortgage rates VS. investing VS. loan pmts.

I would increase the emergency fund to six months expenses then hit the student loan. 7% is a high interest rate and the interest is likely not tax-deductible due to your income. Another choice would be to max out both Roth IRAs then send the rest to the loans. -Steph Thanks Steph, your answer is d...
by dsmil
Fri Oct 28, 2011 11:39 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I Try To Catch Low Mortgage Rates?
Replies: 18
Views: 1705

Should I Try To Catch Low Mortgage Rates?

Hello Bogleheads, After our average monthly expenses, minimum student loan payments, contributing up to my company's 401k match, $100 to a Roth, and my wife's pension, we have an average of $1k left over per month. My question for you guys is what should we do with this money? I know that convention...
by dsmil
Thu Oct 27, 2011 11:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I Try To Catch Low Mortgage Rates?
Replies: 18
Views: 1705

"The Snowball: Warren Buffett and the Business of Life"
by dsmil
Tue Sep 20, 2011 6:25 pm
 
Forum: Personal Consumer Issues
Topic: What Book Are YOU Currently Reading? Part IV. (07/04/2010)
Replies: 1507
Views: 344476

Commodore Perry IPA is pretty good, not my favorite from Great Lakes but still a good one...just finished a 6 pack of those last week. Edmund Fitzgerald is amazing if you haven't had that yet.
by dsmil
Wed May 25, 2011 4:10 pm
 
Forum: Personal Consumer Issues
Topic: Does Anyone Else Love Morningstar (Burgers)?
Replies: 44
Views: 3541

I'd go wendy's over mcdonalds and burger king over both. Five Guys over all of them but I guess they aren't quite in the same class.
by dsmil
Mon May 23, 2011 9:20 am
 
Forum: Personal Consumer Issues
Topic: Boglehead Hamburgers: Wendy's vs McDonalds
Replies: 107
Views: 9159

Just bought a Cuisinart one and the first loaf was great!
by dsmil
Sun May 22, 2011 5:30 pm
 
Forum: Personal Consumer Issues
Topic: Bread Machines
Replies: 26
Views: 2622

Re: Buying Computer Battery

HearDoc wrote: Ebay. Some place from China will have a reasonable battery for a quarter of the price that will last 85% of an expensive battery. One caveat: takes about two weeks to get here. Buy a two, postage is often the same price for multiple items.


Agreed!
by dsmil
Sun May 22, 2011 4:16 pm
 
Forum: Personal Consumer Issues
Topic: Buying Computer Battery
Replies: 14
Views: 1885

When you are currently stalking ebay all day for the best bargain on used golf balls.
by dsmil
Wed May 04, 2011 12:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: You know you are a personal finance boglehead when....
Replies: 51
Views: 4820

If it's raining outside, a good way to make steak is to pan sear each side for one minute on high heat. Then transfer the pan and steak from the stovetop to the oven, on 450 for 5-10 minutes depending on preference. Pan searing gives it a nice color on the outside while the inside is controlled by t...
by dsmil
Tue May 03, 2011 9:41 am
 
Forum: Personal Consumer Issues
Topic: Best Barbequed Steak method
Replies: 42
Views: 3841
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