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Re: Contribute to 457?

would not contribute to non-governmental 457
would contribute to governmental 457
by epictetus
Tue Jul 29, 2014 7:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Contribute to 457?
Replies: 26
Views: 1501

Re: Helping My Grandmother

this is a very difficult situation. i would suggest at least considering moving the money to an online savings account. she could get .85-.90% interest that way. and maybe consider some CDs. is there any chance she could obtain a part-time job of some sort? it sounds like she is very active. anythin...
by epictetus
Sun Jul 20, 2014 7:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Helping My Grandmother
Replies: 54
Views: 3186

Re: Income for my 81 Year Old Father

might at least consider moving the money to an online savings account versus having the money earning nothing.

Barclays bank is paying .90%
Discover bank is paying .85%

there are several other online options
by epictetus
Sun Jul 20, 2014 6:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Income for my 81 Year Old Father
Replies: 11
Views: 1454

Re: Memory foam mattresses - any insight?

we bought a temperpedic cloud several years ago and have both really liked it. it was about 2000 for a queen size. have had no issues with smell/odor at any time.
by epictetus
Sat Jul 19, 2014 4:09 pm
 
Forum: Personal Consumer Issues
Topic: Memory foam mattresses - any insight?
Replies: 55
Views: 4139

Re: Using Emergency Fund to Pay off Auto Loan

i vote with keep the cash. don't pay off the loan.
by epictetus
Tue Jul 15, 2014 7:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Using Emergency Fund to Pay off Auto Loan
Replies: 20
Views: 1566

Re: Ditch car and commute to work in 250cc scooter in Raleig

don't do it. too dangerous.
commute is too long to consider this option.
you are probably doing about as well as you can with fuel efficient hatchback.
might consider a hybrid or electric in the future.
by epictetus
Sat Jul 12, 2014 8:30 am
 
Forum: Personal Consumer Issues
Topic: Ditch car and commute to work in 250cc scooter in Raleigh?
Replies: 73
Views: 5380

Re: Cannot qualify for physician disability insurance.

i like the idea mentioned above about living on your wife's income and saving yours. that helps keep your lifestyle at a reasonable level and would reduce/prevent lifestyle shock if one of you couldn't work for a period of time or for forever. and if you can both keep working probably in 10 years or...
by epictetus
Sun Jul 06, 2014 5:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cannot qualify for physician disability insurance.
Replies: 30
Views: 2367

Re: Cannot qualify for physician disability insurance.

does your wife have physician disability insurance? if she can get it that would go a long way in insuring your family can make it in the early years if something unexpected happened to both of you early on. and hopefully the odds of something unexpected happening to both of you that would prevent b...
by epictetus
Sat Jul 05, 2014 6:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cannot qualify for physician disability insurance.
Replies: 30
Views: 2367

Re: homeowners ins deductible

we went from 1000 to 2000 deductible and there was significant savings in premium.
we asked about deductibles of 3000, 4000, and 5000 but the savings in premiums was very small compared to the savings in premium of moving from 1000 to 2000.

so we stayed with 2000 deductible.
by epictetus
Thu Jul 03, 2014 11:11 am
 
Forum: Personal Finance (Not Investing)
Topic: homeowners ins deductible
Replies: 7
Views: 784

Re: What is simple enough to understand, and therefore inves

if you have not read it I think "The Little Book of Common Sense Investing" by John Bogle would be very helpful to you.
by epictetus
Sun Jun 29, 2014 8:32 pm
 
Forum: Investing - Theory, News & General
Topic: What is simple enough to understand, and therefore invest in
Replies: 27
Views: 1897

Re: Personal Development Books

Anything by David K Reynolds. Would recommend starting with the book "Constructive Living."

Epictetus' "The Art of Living- A new interpretation"- by Sharon Lebell
by epictetus
Tue Jun 24, 2014 6:55 pm
 
Forum: Personal Consumer Issues
Topic: Personal Development Books
Replies: 39
Views: 2794

Re: How much car can I afford while paying cash? Details ins

"I make/have so much more money than all of my peers, but drive the worst car of all of them, and it is starting to get frustrating. " I would encourage you to work on this part. This is the part that has the biggest potential to mess you up over the long run. Given your income, your savin...
by epictetus
Sun Jun 22, 2014 10:07 am
 
Forum: Personal Consumer Issues
Topic: How much car can I afford while paying cash? Details inside.
Replies: 62
Views: 3945

Re: Short Term Bonds or 2 Year CD's

consideration might be given to building a CD ladder of longer term CDs with one/some coming due on regular intervals.
by epictetus
Wed Jun 18, 2014 9:01 pm
 
Forum: Investing - Theory, News & General
Topic: Short Term Bonds or 2 Year CD's
Replies: 13
Views: 1352

Re: Some Advice on Fixing Mistakes

re: your savings account/emergency fund-
however large it is you could look into an online savings account. Would be able to obtain around .9% interest from several options. not the greatest but a lot better than 0%.

just a thought
by epictetus
Tue Jun 17, 2014 8:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Some Advice on Fixing Mistakes
Replies: 14
Views: 1003

Re: Email service alternatives to MSN hotmail and Gmail?

I have used Yahoo email for years and like it fine.
Most other people I know like/use Gmail
by epictetus
Sun Jun 15, 2014 3:26 pm
 
Forum: Personal Consumer Issues
Topic: Email service alternatives to MSN hotmail and Gmail?
Replies: 22
Views: 1994

Re: Vanguard ETF a Safe Choice?

would encourage you to learn about spreads when you buy/sell ETFs and how that contrasts with buying /selling mutual funds and factor that into your decision-making.
by epictetus
Sun Jun 15, 2014 11:02 am
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard ETF a Safe Choice?
Replies: 12
Views: 845

Re: Bond investment choices at Fidelity

i think your bond index fund makes perfect sense versus the other fund. in "the little book of common sense investing" mr. bogle talks about how the factors that make indexing the way to go with stocks are just as if not more applicable to bonds I also have a simple portfolio: age in total...
by epictetus
Sat Jun 07, 2014 7:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bond investment choices at Fidelity
Replies: 19
Views: 1072

Re: Am I A Moron [savings account as an asset class]

i would encourage you to consider making sure you are getting as good a return as you can on the savings account. there are online savings accounts through GE Capital Bank, Discover Bank, Barclay's Bank, Ally Bank etc. that might provide a lot better interest rate than what you are receiving. or you...
by epictetus
Sat Jun 07, 2014 8:24 am
 
Forum: Investing - Help with Personal Investments
Topic: Am I A Moron [savings account as an asset class]
Replies: 47
Views: 2801

Re: Help with 457b or taxable account

non-governmental 457s are very different than governmental 457. as you noted there is risk of loss of your money and they cannot be rolled into IRAs.

i would suggest skipping the non-governmental 457 and doing taxable investing instead.
by epictetus
Fri May 30, 2014 8:05 am
 
Forum: Investing - Help with Personal Investments
Topic: Help with 457b or taxable account
Replies: 13
Views: 486

Re: Large Amount in Personal Savings - scared to invest

you could consider moving one year of expenses to an online savings account. with the rest you could consider building a CD ladder through an online bank or two. buy CDs with duration of 1, 2,3, 4 and 5 years. when the 1 year comes due buy a 5 year with the proceeds. repeat each year when the next o...
by epictetus
Fri May 30, 2014 7:59 am
 
Forum: Investing - Theory, News & General
Topic: Large Amount in Personal Savings - scared to invest
Replies: 48
Views: 5154

Re: Buying a new car soon, old man's advice needed

you might look at toyota corolla. it used to be a small car but is now more of a mid-sized car. long history of excellent reliability
by epictetus
Tue May 27, 2014 8:23 pm
 
Forum: Personal Consumer Issues
Topic: Buying a new car soon, old man's advice needed
Replies: 54
Views: 2909

Re: Need Advice on Where to Put Money

you might consider moving it into an online savings account. you would earn some interest and it would still be available for whatever you decide to do with it
by epictetus
Sun May 25, 2014 4:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need Advice on Where to Put Money
Replies: 12
Views: 1529

Re: Husband just lost job

very scary and stressful. but you have several things going for you: no debt except mortgage 40,000 emergency fund available your ability to make 800-1000 month. would suggest focusing on what you can immediately control: looking for places to cut your expenses during this time. do you have a sense ...
by epictetus
Sat May 24, 2014 8:19 am
 
Forum: Personal Finance (Not Investing)
Topic: Husband just lost job
Replies: 60
Views: 6362

Re: Best short term account for $20k?

a variety of online savings accounts would earn you multiples of what you are earning now:
GE Capital Bank
Ally
Discover Bank online
etc., etc.

would be easy to open an online savings account and transfer your money there.
by epictetus
Sun May 18, 2014 8:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Best short term account for $20k?
Replies: 6
Views: 1138

Re: Ads in Yahoo email inbox that aren't email

i use firefox and adblock plus and still get these.
luckily they are on the top of the emails so easy to ignore.
by epictetus
Fri May 16, 2014 8:19 pm
 
Forum: Personal Consumer Issues
Topic: Ads in Yahoo email inbox that aren't email
Replies: 21
Views: 1699

Re: Parent in financial mess. General and SS timing advice

if these behavior patterns reflect how your mom is long term that is one thing. if her current behavior reflects a significant change from her past behavior would suggest evaluation by neurology and neuropsychology. one form of dementia has as its earliest and primary feature behavior change with im...
by epictetus
Fri May 16, 2014 8:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Parent in financial mess. General and SS timing advice
Replies: 35
Views: 2645

Re: How much to hold in liquid savings?

we decided at some point to hold one year of expenses in a savings account. at some point i read microsoft had one year of expenses in cash and i thought that is pretty nice, they could go for a year without making any money and still pay their bills. i imagine what we have decided is not the most r...
by epictetus
Sun May 11, 2014 6:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: How much to hold in liquid savings?
Replies: 10
Views: 1739

Re: 457b at Intermountain Medical Center

I would suggest not using it b/c of the risks involved with it versus a governmental 457. It is good you learned it was a non-governmental 457 and know what that means whether you decide to use it or not. Would suggest doing taxable investing instead after you fill up the tax-deferred spaces. Once y...
by epictetus
Sun May 11, 2014 4:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: 457b at Intermountain Medical Center
Replies: 10
Views: 763

Re: Do others have a plan like this

that sounds fine b/c it sounds like all your holdings are in tax-deferred. you could also look at Lifestrategy Moderate Growth for another 60/40 option. if you were in taxable accts and wanted 50/50 you could look at tax-managed balanced fund (although it is different than Balanced fund re: primaril...
by epictetus
Sun May 11, 2014 10:36 am
 
Forum: Investing - Theory, News & General
Topic: Do others have a plan like this
Replies: 8
Views: 827

Re: Happy Birthday John C Bogle

Happy Birthday!

Many, many thanks to you for all you have done and for all you stand for.
by epictetus
Thu May 08, 2014 6:32 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Happy Birthday John C. Bogle !
Replies: 37
Views: 1825

Re: Do Honda Mowers Leave Un-cut Grass Strips? [YES, but...]

I vote for take it back.

way too expensive to have problems with what you want a mower for: to cut the grass well. If it doesn't do that well all the other features you like won't/don't matter.

And I am beyond impressed at how green and pretty your yard/lawn looks!
by epictetus
Sun May 04, 2014 2:44 pm
 
Forum: Personal Consumer Issues
Topic: Do Honda Mowers Leave Un-cut Grass Strips? [YES, but...]
Replies: 51
Views: 8665

Re: Mea culpa [100% stock at 50]

one thing to think about is to make your asset allocation and re-balancing very mechanical so you don't have to go through too much thought with it. if you decided on age in bonds or age plus or minus X in bonds or something like that then you wouldn't have to decide when to go from 70/30 to 60/40, ...
by epictetus
Sat May 03, 2014 8:32 am
 
Forum: Investing - Theory, News & General
Topic: Mea culpa [100% stock at 50]
Replies: 46
Views: 5356

Re: Help looking for ways to get to 50-50

The Tax-managed balanced fund might be worth taking a look at. It is roughly 50/50 stocks and municipal bonds.

this would be in a taxable account.
by epictetus
Thu Apr 17, 2014 10:05 am
 
Forum: Investing - Help with Personal Investments
Topic: Help looking for ways to get to 50-50
Replies: 19
Views: 1867

Re: Netflix & Red Box

If you like British comedy let me suggest "The IT Crowd." I really enjoyed it. If you don't like the first episode or two you might jump ahead to season two. Those episodes are the best of the series I think. Poirot is also another one we enjoyed. I think there are 45 streaming episodes. F...
by epictetus
Wed Apr 09, 2014 2:42 pm
 
Forum: Personal Consumer Issues
Topic: Netflix & Red Box
Replies: 26
Views: 1899

Re: Paper bonds vs Treasury Direct

advantage to paper bonds: if they are lost/stolen they can be replaced
disadvantage to treasury direct: it is your loss/liability if they are stolen from your account.
by epictetus
Sat Mar 22, 2014 6:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Paper bonds vs Treasury Direct
Replies: 24
Views: 1620

Re: Help with Fidelity Post Tax Brokerage Acct

for the total stock market index fund investor class, initial purchase minimum is 2500.
for the advantage class of the fund the initial purchase minimum is 10,000.

required minimum for both for additional purchases is 0.00.
by epictetus
Sat Feb 15, 2014 4:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with Fidelity Post Tax Brokerage Acct
Replies: 16
Views: 1088

Re: Coming to terms with my awful track record

don't be down on yourself about it.
most of us have these kinds of stories.
be glad you were only 10 years into it when you figured out a better path.
keep coming here for info and healthy reminders.
by epictetus
Tue Feb 11, 2014 8:37 pm
 
Forum: Investing - Theory, News & General
Topic: Coming to terms with my awful track record
Replies: 20
Views: 2117

Re: Help with Fidelity Post Tax Brokerage Acct

I would suggest using the Spartan index funds from Fidelity. It simpler than using ETFs.
And would suggest considering using just the Total Stock Market Index and if you want international the International one that is broader than FSIIX
by epictetus
Sun Feb 09, 2014 5:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with Fidelity Post Tax Brokerage Acct
Replies: 16
Views: 1088

Re: Help! I'm so new and need help! [Portfolio help]

an online savings account linked to your checking account is all you need. there are several good options: Discover Bank, GE Capital Bank, Ally Bank, Barclays bank. a savings account at your local bank is another option, but the interest rate will probably be a lot lower than the online savings acco...
by epictetus
Sun Feb 09, 2014 11:31 am
 
Forum: Investing - Help with Personal Investments
Topic: Help! I'm so new and need help! [Portfolio help]
Replies: 8
Views: 499

Re: $500,000 to invest long-term at age 30 - Where? How?

depending on your desired asset allocation, risk tolerance, etc., etc. one option to consider might be Vanguard's Tax-managed balanced fund. Roughly 50/50 stock/municipal bonds. is run in a way to minimize taxes and it would be rebalanced for you.

just an idea for consideration.
by epictetus
Sat Feb 01, 2014 9:19 am
 
Forum: Investing - Help with Personal Investments
Topic: $500,000 to invest long-term at age 30 - Where? How?
Replies: 19
Views: 3121

Re: Joined the "Two Comma Club" Today

Congratulations!
to be at that point at 27 is hard to imagine.
by epictetus
Fri Jan 31, 2014 8:30 pm
 
Forum: Investing - Theory, News & General
Topic: Joined the "Two Comma Club" Today
Replies: 47
Views: 4612

Re: Thumbs Up or Down on FBALX - Fidelity Balanced

the problem is, if you are in a Fidelity 401/403/etc. the Balanced fund and the Puritan fund maybe the only two funds of this type you have access to. I have held both Balanced and Puritan in the past. Several years ago I moved into index funds for many reasons. If I had access to the LIfestrategy f...
by epictetus
Sun Jan 26, 2014 4:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Thumbs Up or Down on FBALX - Fidelity Balanced
Replies: 12
Views: 648

Re: "150 Portfolios Better Than Yours"

Taylor, Thank you for posting this link. Emergdoc, Thank you for your time/energy (it had to be a lot) to compile all that information. I think you make a great point which is the real bottom line which I will paste below: "sticking with any good portfolio matters far more than which good portf...
by epictetus
Fri Jan 24, 2014 7:56 pm
 
Forum: Investing - Theory, News & General
Topic: "150 Portfolios Better Than Yours"
Replies: 52
Views: 4749

Re: How Bogleheaded today? I was supposed to buy my stocks.

to the OP: depending on lots of factors 66% in stocks maybe pretty aggressive, pretty conservative, or somewhere in between. One general guidelines to think about is age in bonds. Another is don't have your stock allocation more than twice the amount you can tolerate seeing your portfolio go down (i...
by epictetus
Fri Jan 24, 2014 7:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: How Bogleheaded today? I was supposed to buy my stocks.
Replies: 50
Views: 3939

Re: TAYLOR'S UPCOMING 90th BIRTHDAY

Happy Birthday Taylor!!
Congratulations on reaching this milestone.
You have helped more people and had a bigger impact on more lives than you will ever realize.
Thank you for being such a gentleman.
by epictetus
Wed Jan 22, 2014 7:37 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Taylor's 90th Birthday
Replies: 272
Views: 22145

Re: 17.6 year stock market cycle

I think it is interesting. I had noticed this pattern for some of the time periods but did not realize it went back as far as it did. And didn't know someone had looked more specifically into it.

thanks for posting it.
by epictetus
Wed Jan 15, 2014 7:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: 17.6 year stock market cycle
Replies: 38
Views: 2655

Re: Should I stop funding my 457b?

Personally I would stop funding it. the risk of potentially losing the money is too great a risk to take in my opinion. the amount of money you have at stake now would be a lot to lose. and as the poster above noted you might have multiples of that amount at risk in future years. my wife funded her ...
by epictetus
Wed Jan 08, 2014 7:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I stop funding my 457b?
Replies: 3
Views: 422

Re: Is a 457b a good option after maxed out 403b and Roth IR

would suggest emailing your benefits office and asking them if the 457 is governmental or non-governmental. that is the key issue, as noted by several people. if governmental, then you can use it like an additional 403. and an advantage of the 457 is if you take out the proceeds prior to 59.5 years ...
by epictetus
Sun Jan 05, 2014 3:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is a 457b a good option after maxed out 403b and Roth IRA?
Replies: 26
Views: 1468

Re: First time doing my own taxes

if your situation is relatively simple/straightforward i also agree with the idea of doing the returns by hand, on paper. i used to use tax software but i have found it takes a lot longer than doing it by hand. plus when doing it by hand you understand what amount is going where and why. versus just...
by epictetus
Sat Jan 04, 2014 9:32 am
 
Forum: Personal Finance (Not Investing)
Topic: First time doing my own taxes
Replies: 37
Views: 1725
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