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Re: How do you factor entitlements into your investing plan?

I wish there wasn't this uncertainty over it. And it's not just political uncertainty or the solvency of the system, but also the uncertainty over what your future earnings will be, and hence how much your PIA could vary. And then uncertainty over whether you will be healthy enough to make delaying ...
by englishgirl
Thu Dec 18, 2014 12:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: How do you factor entitlements into your investing plan?
Replies: 51
Views: 4142

Re: Close to Roth IRA limit should I do Roth or Back door?

We are waiting until 2015 to make our 2014 Roth IRA contributions. We will not know our total income until after December 31, 2014. I do not see what your hurry is to make a Roth contribution in 2014 or even to try to do a traditional contribution in 2014. You have until April 2015 to figure this o...
by englishgirl
Wed Dec 17, 2014 9:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Close to Roth IRA limit should I do Roth or Back door?
Replies: 12
Views: 1203

Re: Inovative way to maximize company 401K match.

I would definitely not withdraw money from the IRA, especially if there's a chance that you could lose the match money if you lost your job before it vests. Then you'd have paid a penalty for withdrawing from the IRA for nothing. I would probably stop contributing to the educational IRA, at least fo...
by englishgirl
Mon Dec 15, 2014 5:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Inovative way to maximize company 401K match.
Replies: 13
Views: 1740

Re: What are your 2015 Financial Goals?

Earn more money than I spend. Max out Roth IRA. Switch to a cheaper cell phone plan when my contract is up, cancel pest control service that I don't really need. Fix business issues. Go on a nice vacation to Hawaii. Put some money in an HSA. Max it if lucky. Put some money in I-bonds. Put some money...
by englishgirl
Mon Dec 15, 2014 4:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: What are your 2015 Financial Goals?
Replies: 88
Views: 5958

Re: (Poll) Did you tap into emergency fund in the past 10 ye

This has been a hard year financially. Some months I haven't earned enough to cover the expenses. So, yes, I tap my emergency fund, as it's also my "slush fund" for money that I don't want sitting in my checking account earning a lower interest rate. I have also tapped it in the past for a...
by englishgirl
Fri Dec 12, 2014 5:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: (Poll) Did you tap into emergency fund in the past 10 years?
Replies: 56
Views: 3897

Re: How do you contribute to your IRA?

I do not have that sort of extra cash lying around. As I get paid every 2 weeks, I contribute on payday. With that pay schedule there are 26 paydays in a year, but it is much easier to divide $5500 by 25 than 26, so I have set up my automatic payments to skip one paycheck, and contribute $220 x 25. ...
by englishgirl
Thu Dec 11, 2014 2:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: How do you contribute to your IRA?
Replies: 33
Views: 1645

Re: I need to accumulate $30k over the next 2 years, how?

Check out sites such as Mr Money Mustache for cutting your expenses. If you cut your expenses as much as possible, that will enable you to save more per month. Don't take risk with this money. I had money saved for grad school in the stock market because I wanted to get a higher return. And know whe...
by englishgirl
Tue Dec 09, 2014 2:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: I need to accumulate $30k over the next 2 years, how?
Replies: 59
Views: 4035

Re: Am I being cheap? [wedding/engagement ring]

Gemvara has a nice selection of gemstone rings that are quite affordably priced. Although my bf doesn't want to get anything other than plain gold bands, I find that I would like a sparkly ring to wear every now and again. Yes, yes, it's probably all just giving in to societal pressure but I do thin...
by englishgirl
Sun Dec 07, 2014 9:20 am
 
Forum: Personal Finance (Not Investing)
Topic: Am I being cheap? [wedding/engagement ring]
Replies: 192
Views: 8801

Re: Poll: Do you ask questions at company 401(k) meetings?

There are meetings? Like, on the regular? I just went to a meeting, because my employer is introducing some major changes so they rolled out a guy to come and explain them. But it's not a regular occurrence. I didn't ask any questions because I couldn't be bothered. Actually, the changes to the plan...
by englishgirl
Fri Dec 05, 2014 11:43 am
 
Forum: Investing - Theory, News & General
Topic: Poll: Do you ask questions at company 401(k) meetings?
Replies: 25
Views: 1717

Re: No 401(k) options

If you have no retirement plan at work, there are no income limits for tax deduction of IRA contributions (as mentioned by retiredjg) only if you are single or MFJ with a spouse who does not have a plan at their work . If you are married with a spouse who does have a retirement plan at their work, s...
by englishgirl
Mon Dec 01, 2014 5:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: No 401(k) options
Replies: 5
Views: 588

Re: Late start, low income - what to do first?

There's a lot of verbiage about YOU taking action on behalf of your boyfriend around finances, career, etc. Nothing at all to indicate he wants to do this. The reality is - if he was truly motivated to take action - he would be posting here asking questions and putting forth the effort. Really - th...
by englishgirl
Thu Oct 09, 2014 1:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Late start, low income - what to do first?
Replies: 43
Views: 2781

Re: Late start, low income - what to do first?

As a group , immigrants who do not speak English well do not have better opportunities in the workplace, whether they are male or female. Also there is a societal expectation, among such immigrants, that you have to take whatever job you can and just work hard, and that you'll never earn that much....
by englishgirl
Thu Oct 09, 2014 12:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Late start, low income - what to do first?
Replies: 43
Views: 2781

Re: Late start, low income - what to do first?

Are you planning on mingling your money with his when you marry? It sounds like where this is really where all of this is heading. It sounds like you with your last post that you are going to get offended if someone suggests a pre-nuptial. A pre-nuptial is very much on the table, so no, I wouldn't ...
by englishgirl
Thu Oct 09, 2014 12:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Late start, low income - what to do first?
Replies: 43
Views: 2781

Re: Late start, low income - what to do first?

Hi Sarah, Like others, I am concerned about you sacrificing your financial independence for a man who has not developed his. Love is irrational. Intellectually, we know what's prudent and what's not, we clearly see when others make mistakes, and yet, when we are in love we make every mistake in the...
by englishgirl
Thu Oct 09, 2014 12:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Late start, low income - what to do first?
Replies: 43
Views: 2781

Re: Late start, low income - what to do first?

Forget about bulldozing in the $1000 minimum at Vanguard. Consider testing the water with a gentle ripple. Why not suggest starting out with a nice safe Roth IRA money market fund or CD at a (not the investment branch) local bank? And remember the song, "if you love someone, set them free.&quo...
by englishgirl
Wed Oct 08, 2014 5:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Late start, low income - what to do first?
Replies: 43
Views: 2781

Re: Late start, low income - what to do first?

Maybe he can focus on increasing income or a side job? Why is the 401k so low with a free employer match? Low income, plus lack of personal contributions, plus I think they introduced the 3% match irrespective of employee contributions relatively recently. Increasing income is something he should a...
by englishgirl
Wed Oct 08, 2014 5:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Late start, low income - what to do first?
Replies: 43
Views: 2781

Re: Late start, low income - what to do first?

He could open an IRA at a bank, probably for $50. He could then add to that as he is able. Once he gets to $1000, he could transfer it to Vanguard. There would not be much if any return at a bank, and you need to look out for fees. However, for such small amounts, contributions are much more import...
by englishgirl
Wed Oct 08, 2014 12:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Late start, low income - what to do first?
Replies: 43
Views: 2781

Re: Late start, low income - what to do first?

Just wanted to add that if he is considering opening an IRA, Schwab allows this for minimum $100/month, and I think the fees are comparable to Vanguard. I have never used Schwab but it is my understanding that they have the lowest minimum for starting an IRA. Of course, it's his choice whether to s...
by englishgirl
Wed Oct 08, 2014 11:57 am
 
Forum: Personal Finance (Not Investing)
Topic: Late start, low income - what to do first?
Replies: 43
Views: 2781

Re: Late start, low income - what to do first?

Oh my gosh, I had totally forgotten about using a Roth IRA as an emergency fund. Once he's up to $1000 in cash with the emergency fund savings, he can move it over to a Roth. That's a great idea. Don't lock up all of his cash, leave some for his wallet. Well, he can withdraw contributions. If I con...
by englishgirl
Wed Oct 08, 2014 11:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Late start, low income - what to do first?
Replies: 43
Views: 2781

Re: Late start, low income - what to do first?

I strongly recommend that Englishgirl continue to save money in her own INDIVIDUAL account. If the boyfriend becomes a husband, then and only then should her funds become commingled. She can save money in her own savings fund with hopes that it becomes usable for joint financial planning and paying...
by englishgirl
Wed Oct 08, 2014 11:46 am
 
Forum: Personal Finance (Not Investing)
Topic: Late start, low income - what to do first?
Replies: 43
Views: 2781

Re: Late start, low income - what to do first?

Money is fungible. He should consider all money as one big pot to be used for eventual retirement down the road. It's likely that Social Security at full retirement age will replace about 40% of his final salary. If he can save enough to make up the remaining 20%, he'll be in decent shape. I'm with...
by englishgirl
Wed Oct 08, 2014 11:44 am
 
Forum: Personal Finance (Not Investing)
Topic: Late start, low income - what to do first?
Replies: 43
Views: 2781

Re: Late start, low income - what to do first?

Oh my gosh, I had totally forgotten about using a Roth IRA as an emergency fund. Once he's up to $1000 in cash with the emergency fund savings, he can move it over to a Roth. That's a great idea.
by englishgirl
Wed Oct 08, 2014 11:39 am
 
Forum: Personal Finance (Not Investing)
Topic: Late start, low income - what to do first?
Replies: 43
Views: 2781

Re: Late start, low income - what to do first?

I strongly recommend that Englishgirl continue to save money in her own INDIVIDUAL account. If the boyfriend becomes a husband, then and only then should her funds become commingled. She can save money in her own savings fund with hopes that it becomes usable for joint financial planning and paying...
by englishgirl
Wed Oct 08, 2014 11:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Late start, low income - what to do first?
Replies: 43
Views: 2781

Re: Late start, low income - what to do first?

Money is fungible. He should consider all money as one big pot to be used for eventual retirement down the road. It's likely that Social Security at full retirement age will replace about 40% of his final salary. If he can save enough to make up the remaining 20%, he'll be in decent shape. I'm with...
by englishgirl
Wed Oct 08, 2014 11:28 am
 
Forum: Personal Finance (Not Investing)
Topic: Late start, low income - what to do first?
Replies: 43
Views: 2781

Re: Late start, low income - what to do first?

1. Pay of credit card debt. 2. Have him save six months of an emergency fund. The credit card debt is like $600. It's not much. I should have made that clear, BUT that's more spare cash than he has - I think he's putting $200-$250 towards it a month. Emergency fund is definitely a priority as soon ...
by englishgirl
Wed Oct 08, 2014 11:10 am
 
Forum: Personal Finance (Not Investing)
Topic: Late start, low income - what to do first?
Replies: 43
Views: 2781

Late start, low income - what to do first?

Hello all: I finally found out how much my boyfriend has in his 401k and....it's not great. We've been talking about investing, money, social security, and all that good stuff, and he's definitely getting informed about the need to save (and that waiting to age 70 to collect SS is a good idea). We d...
by englishgirl
Wed Oct 08, 2014 10:52 am
 
Forum: Personal Finance (Not Investing)
Topic: Late start, low income - what to do first?
Replies: 43
Views: 2781

Re: Do you deviate from the BH philosophy?

Nope. It's index funds and balanced funds all the way for me. And I bonds.

I'm not very frugal when it comes to spending money on face creams though, so there's that.
by englishgirl
Wed Oct 01, 2014 6:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do you deviate from the BH philosophy?
Replies: 64
Views: 4339

Re: favorite brand name products

1) Pickett & Eckel slide rules. Non hygroscopic aluminum, Eye-Ease yellow tint, and many logical improvements in the design and layout of the scales over the competition. I will never buy any other brand of slide rule. 2) Eaton's Corrasable Bond. Really erases cleanly and clearly. I will never ...
by englishgirl
Mon Sep 29, 2014 10:40 am
 
Forum: Personal Consumer Issues
Topic: favorite brand name products
Replies: 58
Views: 3229

Re: Can You Build Your Retirement Portfolio Young, then Coas

As for finding the perfect spouse... If you are living well below your means while dating, you are likely to be more attractive to similarly frugal-minded people. That doesn't mean you'll instantly find the right person for you, or even that you won't divorce. But living the high life and flashing ...
by englishgirl
Wed Sep 17, 2014 4:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can You Build Your Retirement Portfolio Young, then Coast?
Replies: 58
Views: 7509

Re: Help w/ Wife's Poor 401k Options

Hi, Ideally 80 Stocks / 20 bonds Again, we don't feel compelled to put International Stock in her 401k, as we have a taxable account with Vanguard. Only if the Fidelity Options are good. We are in high tax bracket too. So why do you feel compelled to do something with the last "slice"? If...
by englishgirl
Wed Sep 17, 2014 3:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help w/ Wife's Poor 401k Options
Replies: 8
Views: 571

Re: The boglehead way to buy furniture

I bought living and dining room furniture from Costco, but I have to say, things are looking a little ratty already after only 3 years or so. But I have 3 cats with sharp claws so therein lies my problem. The master bedroom furniture is from Pottery Barn and also looking a little ratty after 12-13 y...
by englishgirl
Wed Sep 17, 2014 2:58 pm
 
Forum: Personal Consumer Issues
Topic: The boglehead way to buy furniture
Replies: 56
Views: 5426

Re: How often do YOU rebalance and when?

Every day. I cheat because I switched my portfolio to be all balanced funds, so now Vanguard does my rebalancing for me. I found that I did not have the emotional fortitude to rebalance when the going got tough (seriously, taking money out of a fund that is going up to put it in a fund that is going...
by englishgirl
Wed Sep 17, 2014 1:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: How often do YOU rebalance and when?
Replies: 39
Views: 2205

Re: What's in your tax advantage accounts?

I don't make any distinction between pre-tax (401k) and post-tax (Roth) accounts, as I'm not that sophisticated. To me, the important thing is that they are all tax advantaged. I have balanced funds in both for simplicity; I don't have any taxable accounts.
by englishgirl
Mon Sep 15, 2014 2:37 pm
 
Forum: Investing - Theory, News & General
Topic: What's in your tax advantage accounts?
Replies: 56
Views: 5056

Re: Can You Build Your Retirement Portfolio Young, then Coas

I am trying to do that. I have my second job up and running, but I'm just not earning enough from it to be able to quit the day job yet. But I'm down to 20 hours a week at the day job, so that's something. I've never maxed out my 401k, to be honest, but every time I run the numbers, if I let my 401k...
by englishgirl
Sun Sep 14, 2014 5:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can You Build Your Retirement Portfolio Young, then Coast?
Replies: 58
Views: 7509

Re: Costco vs Amazon?

Regular purchases: Toilet paper, dry cat food, wet cat food, coffee, green tea, olive oil, rice, quinoa, lentils, hummus, laundry detergent, frozen organic veggies and fruit (I tend to buy fresh stuff at a local store), frozen veggie burgers, butter, almond milk, almonds, walnuts, canned black beans...
by englishgirl
Thu Sep 11, 2014 11:59 am
 
Forum: Personal Consumer Issues
Topic: Costco vs Amazon?
Replies: 60
Views: 5303

Re: Anyone have a house with a pool?

I bought a house I loved even though it had a pool that I didn't want. I hate the darn pool! Everyone told me not to fill in the pool because it would reduce the value of the house and cost several thousand dollars. But I've easily spent WAY more on pool maintenance than I would have spent on fillin...
by englishgirl
Thu Sep 11, 2014 11:13 am
 
Forum: Personal Consumer Issues
Topic: Anyone have a house with a pool?
Replies: 32
Views: 2576

Re: Why COULDN'T we just retire on Social Security?

I have frequently wondered this, especially if I wait until age 70 to take SS. If (and here's the big IF in this equation) I got my full projected age-70 SS benefit, then it's not that far off what I spend now including paying my mortgage which should be paid off before retirement. And there are man...
by englishgirl
Thu Sep 11, 2014 11:05 am
 
Forum: Personal Finance (Not Investing)
Topic: Why COULDN'T we just retire on Social Security?
Replies: 66
Views: 6118

Re: New or Used Prius

If you're talking about federal tax credits, you want to be absolutely certain that the car you are looking at qualifies for a tax credit. The credit is phased out once 60,000 of the manufacturer’s qualifying passenger automobiles and light trucks have been sold. As far as I know, only the plug-in P...
by englishgirl
Fri Sep 05, 2014 12:29 pm
 
Forum: Personal Consumer Issues
Topic: New or Used Prius
Replies: 9
Views: 919

Re: Costco:is it worth it for just two people?

I'm single, but I do buy some stuff for my boyfriend's house there too. I find Costco worth it if I can be somewhat disciplined in what I buy there. For instance, if I only buy one type of rice, and keep working my way through the bag, I do OK. I do keep things like brown rice in the fridge so it'll...
by englishgirl
Wed Sep 03, 2014 1:35 pm
 
Forum: Personal Consumer Issues
Topic: Costco:is it worth it for just two people?
Replies: 143
Views: 13058

Re: Once your house appreciates +$250k, sell it?

Remember that you can include the cost of capital improvements in the basis. So keep information as to the cost of that new roof, and kitchen upgrade, and you could potentially use it to reduce your profit down below the tax threshold. You can also take off the realtor's commission, and a few other ...
by englishgirl
Tue Sep 02, 2014 7:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Once your house appreciates +$250k, sell it?
Replies: 42
Views: 4101

Re: Bad(?) advice given about Target Date Retirement funds

... That said, TR 2035 will "glide" 7-8 points over 5 year periods. 1. So what?... 2. Unless, that is, you are attempting to dance on the head of a pin -- a.k.a. "carefully selected AA." The issue is with the oft-repeated advice to ignore the calendar year in the name of fund, a...
by englishgirl
Mon Aug 18, 2014 4:41 pm
 
Forum: Investing - Theory, News & General
Topic: Bad(?) advice given about Target Date Retirement funds
Replies: 103
Views: 6753

Re: Bad(?) advice given about Target Date Retirement funds

I used to try to make the same point, which was also routinely ignored. I always thought this was incorrect advice, because if you follow it, even if the AA matches what you want NOW, the glide path will throw you off very quickly, and will reduce stock percentages either too fast or too slow (depe...
by englishgirl
Mon Aug 18, 2014 1:58 pm
 
Forum: Investing - Theory, News & General
Topic: Bad(?) advice given about Target Date Retirement funds
Replies: 103
Views: 6753

Re: Bad(?) advice given about Target Date Retirement funds

Lately I have noticed the following (paraphrased) advice given about TD funds: For simplicity, invest in a TD fund but don't go by date, instead pick one with an AA that matches your risk tolerance. This seems to me to be bad advice because when you pick an AA you are also picking a glide path. If ...
by englishgirl
Mon Aug 18, 2014 11:52 am
 
Forum: Investing - Theory, News & General
Topic: Bad(?) advice given about Target Date Retirement funds
Replies: 103
Views: 6753

Re: RBD here yet? (DOW -300points drop)

It softened the blow a bit that although I had to wait months to get my 2013 profit sharing from my employer when everyone else got most of theirs at the end of last year, at least fortune smiled on me a tiny bit that the payout took place on a down day in the market. I always did like buying things...
by englishgirl
Thu Jul 31, 2014 9:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: RBD here yet? (DOW -300points drop) [Really Bad Day]
Replies: 49
Views: 5282

Re: 401K Target Retirement Fund or Not

For what it's worth, I spent some time being all sophisticated and trying to build fancy portfolios. And now I've come full circle and put my money in balanced funds. Yes, you could marginally reduce your expense ratios, but will you really have the discipline to rebalance when appropriate, or stick...
by englishgirl
Mon Jul 28, 2014 12:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401K Target Retirement Fund or Not
Replies: 19
Views: 1148

Re: POLL: My home is worth less/more in 2014 than in 2007?

I used Zillow even though people think their Zestimate is crap. I think it's a lot closer to reality than the property assessor's value, which is a total fiction if you ask me. The estimate for my place was $463k in Jan. 2007 and $414k in Dec. 2007, so I averaged those two numbers. I'm sure it would...
by englishgirl
Mon Jul 28, 2014 10:01 am
 
Forum: Personal Finance (Not Investing)
Topic: POLL: My home is worth less/more in 2014 than in 2007?
Replies: 94
Views: 6250

Re: Poll: Has your AA changed in the last 18 months

Other: I decided to go to an extremely passive portfolio, including all balanced funds where possible. This has caused my AA to become more aggressive.
by englishgirl
Mon Jul 28, 2014 7:55 am
 
Forum: Investing - Theory, News & General
Topic: Poll: Has your AA changed in the last 18 months
Replies: 58
Views: 3826

Re: Treasury Direct--just blowing off steam

I was in this situation, although I didn't have a zero balance. I managed to get a medallion signature before I closed my old bricks and mortar account, in order add my new bank account to TD. So I did that, and then closed the old account. Great, right? NO. TD added the old account as a second acc...
by englishgirl
Fri Jul 25, 2014 10:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Treasury Direct--just blowing off steam
Replies: 58
Views: 4686

Re: Treasury Direct--just blowing off steam

I have been locked out of my account for several months. Luckily, it has a $0 balance, so I don't really care. I had been contemplating trying to call them to unlock my count, so I could resume a savings strategy to include iBonds. However, I would need to also change banks, and would have to do th...
by englishgirl
Fri Jul 25, 2014 10:38 am
 
Forum: Personal Finance (Not Investing)
Topic: Treasury Direct--just blowing off steam
Replies: 58
Views: 4686

Re: Reaching Severe Burnout - Can I Scale Back Career?

Read up on the "rule of 72". Basically it is about how long it should take your money to double at certain interest rates. At a somewhat reasonable 6% return, IIRC your money should double in about 12 years. Think about how many 12 year periods you have before full retirement age for your ...
by englishgirl
Wed Jul 23, 2014 11:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Reaching Severe Burnout - Can I Scale Back Career?
Replies: 50
Views: 6499
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