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Re: "Why 97% of People Don't Use 529 College Savings Plans."

529s are a tax break for the rich. The poor get grants and need-based scholarships. The middle class gets some tax credits/deductions. That's why 97% of people don't use a 529. Only the 3% who are rich or plan to become that way use them. If you're not putting away >$2K per year for your kids to go...
by haban01
Tue Sep 09, 2014 11:26 pm
 
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 107
Views: 9639

Re: Bonds for young(er) people

Good Evening, As being a similar age to you, I would like you to focus on the "bit" of bonds as an Asset Allocation question rather than what your breakdown is between say the TIPs, Int BND or TBM. May we ask what your AA is? If you have say an 70% Stock and 30% Bond Allocation and your bo...
by haban01
Mon Sep 01, 2014 12:47 am
 
Forum: Investing - Help with Personal Investments
Topic: Bonds for young(er) people
Replies: 10
Views: 881

Re: Wisconsin Bogleheads group dead?

Good Afternoon, The "Yahoo" group worked nicely for awhile until the spammers took over! I've made a number of attempts to gather over the past year. It is always hard because we have clusters of BH's in say Madison, Milwaukee and Up North in say Green Bay and north! We should set up a Mee...
by haban01
Tue May 20, 2014 4:41 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Wisconsin Bogleheads group dead?
Replies: 30
Views: 2014

Re: Dave Ramsey recommends index fund

I kind of feel bad for all of the people who projected off of that 12% ROR too! :oops:
by haban01
Tue May 13, 2014 10:07 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey recommends index fund
Replies: 26
Views: 3943

Re: Question about Wellington and Wellesley

I like both of the Wellington and Wellesley funds along with the other Vanguard balanced funds such as Balanced Index and Life strategy funds. The reality is that most people are NON Bogleheads and don't have the ability to stay the course and not tinker with a portfolio. A hands off approach that c...
by haban01
Wed Apr 30, 2014 10:00 pm
 
Forum: Investing - Theory, News & General
Topic: Question about Wellington and Wellesley
Replies: 55
Views: 42764

Re: How long to pay off your mortgage?

Great topic!! I think many people today (bogleheads) have taken 15 year notes that range from 2.75-4% rates and have the unique flexibility to decide when to pay them off!! Most people are better off to just pay down their mortgage because they lack the structural discipline to invest more in a Roth...
by haban01
Sun Apr 27, 2014 2:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: How long to pay off your mortgage?
Replies: 66
Views: 15213

Re: I saw a "Boglehead" on my flight yesterday!

We should all make it a pact to carry a Boglehead book when flying!!!! Awesome story Gail!!!
by haban01
Tue Apr 08, 2014 5:41 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: I saw a "Boglehead" on my flight yesterday!
Replies: 65
Views: 12741

Re: Foolish In Love And Money

Excellent article Rick. I proposed 3 years ago today!! How fittings! :wink:
by haban01
Mon Mar 31, 2014 9:43 pm
 
Forum: Investing - Theory, News & General
Topic: Foolish In Love And Money
Replies: 11
Views: 2344

Re: Auto repair - "Threads getting thin in oil pan drain plu

I would also look at the Oil Pan for Rust from wintery salt conditions. My guess is that someone or many oil change techs over torqued the drain plug. There can't be more than a few threads going into the metal pan which is fairly thin. I would get a number of quotes and replace with the correct OEM...
by haban01
Thu Mar 27, 2014 2:21 pm
 
Forum: Personal Consumer Issues
Topic: Auto repair - "Threads getting thin in oil pan drain plug"
Replies: 40
Views: 2579

Re: Are 20 somethings handicapped bc of inflation and little

So it never occurred for me to account for inflation when I retire so I plugged some numbers in an excel chart. First thing I did was find the average yearly inflation rate and a quick google search revealed it to be on average 3.38% per year since 1914 (first year they recorded it). So that means ...
by haban01
Wed Mar 12, 2014 9:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Are 20 somethings handicapped bc of inflation and little SS?
Replies: 162
Views: 10556

Re: 2014 BOGLEHEADS CONFERENCE ANNOUNCEMENT

How many people can attend this event? I saw the 250 quickly above and thought that was the number but it's the price. Can't be too many people, right? How could Mr. Bogle lead a tour of a few thousand through the Vanguard complex? In years past as I recall that it has been about 100 people or so. ...
by haban01
Sun Mar 02, 2014 7:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: 2014 BOGLEHEADS CONFERENCE ANNOUNCEMENT
Replies: 84
Views: 13620

Re: 2014 BOGLEHEADS CONFERENCE ANNOUNCEMENT

I can only get one friend from this site to attend with me and neither of us would know anyone else. I feel like if we attended we would find a clique of 248 super-rich people who mostly have all known each other for 15+ years and will ask each other, "Who are these two and who let 'em in?? ME...
by haban01
Sun Mar 02, 2014 6:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: 2014 BOGLEHEADS CONFERENCE ANNOUNCEMENT
Replies: 84
Views: 13620

Re: Concerns re: Relocating to Illinois (Chicago)

I would consider buying over the border in SE Wisconsin!!!!!
by haban01
Sat Mar 01, 2014 10:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Concerns re: Relocating to Illinois (Chicago)
Replies: 40
Views: 2932

Re: 2014 BOGLEHEADS CONFERENCE ANNOUNCEMENT

Check is in the mail!!!! This should be a great event! If you have never gone before and can make it sign up before it's too late!!!!! I've been to a good number of them.
by haban01
Sat Mar 01, 2014 10:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: 2014 BOGLEHEADS CONFERENCE ANNOUNCEMENT
Replies: 84
Views: 13620

Re: VOTE FOR JACK [for 25 who changed business] AT CNBC.COM

Just Voted!! Jack is in the Top!! 2.18% as of now!! Keep the votes coming!!!!!!! I can't believe some of the others that made the top cut. Jack stands above them all!!!
by haban01
Sat Mar 01, 2014 10:08 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: VOTE FOR JACK [for 25 who changed business] AT CNBC.COM
Replies: 44
Views: 6781

Re: Introduction - am I saving enough for retirement

I would say that you are on the right track! I would caution about paying for the kids full boat of tuition. I've seen numerous cases where the parents over-extend themselves with their kid's liabilities. There no mortgage or loan you can take for retirement! I would try to save as much as possible ...
by haban01
Thu Feb 20, 2014 7:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Introduction - am I saving enough for retirement
Replies: 47
Views: 3402

Re: Question

Petrocelli wrote:Where are the customers' lakefront homes?


LOVE IT!!!!
by haban01
Tue Feb 18, 2014 10:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: CEO of DFA moving to Austin, Texas
Replies: 55
Views: 16330

Re: Low-income 27-year-old Beginning Investor

It sounds like he may be living at home yet? Congratulations! You should qualify for the saver's tax credit on your taxes! Be sure to take the freebie from Uncle Sam! Congratulations on starting early and developing a plan. You are on the right track!! I get really excited when I see other people in...
by haban01
Wed Jan 29, 2014 11:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Low-income 27-year-old Beginning Investor
Replies: 19
Views: 3241

Re: TAYLOR'S UPCOMING 90th BIRTHDAY

Happy Birthday Taylor from the cold and frozen mid-west. I'm glad Mel will be there to keep you in check! :). Wouldn't want you to start day trading or anything!!!
by haban01
Fri Jan 24, 2014 10:57 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Taylor's 90th Birthday
Replies: 272
Views: 22535

Re: POLL: Investing vs. pay down mortgage feelings

Have had three houses over a period of 42 years, all with 30 yr. fixed loans. Re-fied at least 4 or 5 times, both with cash out, (pay for living expenses, college for my two daughters, their first cars, weddings, remodeling) and no cash out, lowering interest rate, (currently 3.625%). Always maxed ...
by haban01
Sun Jan 19, 2014 11:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: POLL: Investing vs. pay down mortgage feelings
Replies: 79
Views: 3958

Re: Does advice of saving 10% of income for retirement still

Thanks for all of your postings and responses. Additionally, I've always encouraged others around me to save additionally beyond the match. This forced savings means they are not living higher off the hog now and will be better off if they lose their job, take a pay reduction, short term layoff or r...
by haban01
Sun Jan 19, 2014 5:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does advice of saving 10% of income for retirement still app
Replies: 23
Views: 2319

Re: POLL: Investing vs. pay down mortgage feelings

Have had three houses over a period of 42 years, all with 30 yr. fixed loans. Re-fied at least 4 or 5 times, both with cash out, (pay for living expenses, college for my two daughters, their first cars, weddings, remodeling) and no cash out, lowering interest rate, (currently 3.625%). Always maxed ...
by haban01
Sun Jan 19, 2014 1:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: POLL: Investing vs. pay down mortgage feelings
Replies: 79
Views: 3958

Re: POLL: Investing vs. pay down mortgage feelings

Great Poll!! I think this question is very period dependent. When I purchased my first home 10 years ago the standard 30 year rates were 6-7%. Not as of the past year or so people were able to lock in money in a 2.5-3.5% range. I think at that point you are far better off covering your basis of keep...
by haban01
Sun Jan 19, 2014 1:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: POLL: Investing vs. pay down mortgage feelings
Replies: 79
Views: 3958

Does advice of saving 10% of income for retirement still app

http://www.latimes.com/business/la-fi-montalk-20140119,0,4969027.column Does advice of saving 10% of income for retirement still apply? Depending on when you start saving for retirement, you may need to be saving 40% or more to help you get by when you stop working. By Liz Weston Money Talk January...
by haban01
Sun Jan 19, 2014 1:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does advice of saving 10% of income for retirement still app
Replies: 23
Views: 2319

Re: PIMCO Total Return Fund has negative cash??

If you are going to own Pimco Total Return Fund you might as well throw the Morningstar Chart out the window because much of what you are seeing in hedging and leveraging on Bill Gross's part. You never know what the fund will be holding!!!
by haban01
Tue Jan 14, 2014 6:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: PIMCO Total Return Fund has negative cash??
Replies: 3
Views: 656

Re: Any Car Enthusiasts?

I guess I get the Ribbon for being an Old Car Enthusiast for the oldest car generation. 1928-1931 Model A Fords. Had my first one in high school and fixed up a few and learned over the years. 40 Horsepower/3 speed standards. New they were $400-$600 when Ford paid top wages of $5.00/day. Finally the ...
by haban01
Sun Jan 12, 2014 5:39 pm
 
Forum: Personal Consumer Issues
Topic: Any Car Enthusiasts?
Replies: 47
Views: 3194

Re: 23 Year Old Investment Portfolio (Help)

Thank you both for your responses! :D Haban - I do have a Roth IRA :) I have it all (around $5K) in a Biotech fund (FBIOX). It's been getting really high returns lately, but it's so high that it scares me! I will probably transition out of that into something more stable. I've heard that VIIIX is a...
by haban01
Sat Jan 11, 2014 8:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: 23 Year Old Investment Portfolio (Help)
Replies: 16
Views: 1255

Re: Money Magazine takes Boglehead approach?

That is exactly what I thought while reading my copy this week too!! Nice to see them consolidate their Money 70 list and keep things simple!!!
by haban01
Sat Jan 11, 2014 1:31 am
 
Forum: Investing - Theory, News & General
Topic: Money Magazine takes Boglehead approach?
Replies: 27
Views: 3515

Re: 23 Year Old Investment Portfolio (Help)

Good Evening, First off, Welcome to the Bogleheads forum!! I get really excited when I see young investors in their early 20's starting to save and invest!! (I found the forum early on too). I would suggest picking up a copy of"The Bogleheads Guide on Investing" as well to get a good solid...
by haban01
Sat Jan 11, 2014 1:29 am
 
Forum: Investing - Help with Personal Investments
Topic: 23 Year Old Investment Portfolio (Help)
Replies: 16
Views: 1255

Re: Situation checkup prior to marriage

Good Luck with the House situation! Just remember that there are a lot of homes out there and you better get one that you plan to stay in for the long term. Costs to sell is expensive and you don't want to be stuck with something that you can't sell either down the road. I hope you won't buy more ho...
by haban01
Sat Jan 11, 2014 1:08 am
 
Forum: Investing - Help with Personal Investments
Topic: Situation checkup prior to marriage
Replies: 9
Views: 1011

Re: Better Understanding Portfolio Allocation

When it gets (far enough) out of whack, you sell the assets you have too much of and buy those you have too little of. This is called "rebalancing". Once a year is enough. Your new contributions can either follow the AA or you can adjust them to bring things back in line ("rebalance ...
by haban01
Sat Jan 11, 2014 1:02 am
 
Forum: Investing - Help with Personal Investments
Topic: Better Understanding Portfolio Allocation
Replies: 31
Views: 1925

Re: Better Understanding Portfolio Allocation

Yes, I would do the breakdown that you have stated. It will get out of whack because of the market fluctuations. If you started with a 60/40 portfolio in Jan 2013 it probably rose 6-7% in equity up to close to a 70/30 portfolio because of the big market run. Taxable- Use new money to correct it. Tax...
by haban01
Sat Jan 11, 2014 1:01 am
 
Forum: Investing - Help with Personal Investments
Topic: Better Understanding Portfolio Allocation
Replies: 31
Views: 1925

Re: The Winter Blahs

NASCAR in a month or so but really volunteering and giving back to the community! Get involved in a Jaycees, Lions or another group that is creating positive change!
by haban01
Sat Jan 11, 2014 12:57 am
 
Forum: Personal Consumer Issues
Topic: The Winter Blahs
Replies: 48
Views: 3392

Re: 2013: a bad year for pimco

Good comments on the hedging of Pimco Total Return. The real problem is that in most options this is the ONLY fixed income option in many 401K plans. Bill has been able to "average out" over time. This whole Death of Bonds, Great Rotation, etc. is more hype and spin than anything. Dump you...
by haban01
Fri Jan 10, 2014 9:29 am
 
Forum: Investing - Theory, News & General
Topic: 2013: a bad year for pimco
Replies: 26
Views: 3272

Re: Situation checkup prior to marriage

I hope I was able to answer your questions! I was surprised no one else responded.

Eric
by haban01
Thu Jan 09, 2014 9:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Situation checkup prior to marriage
Replies: 9
Views: 1011

Re: Situation checkup prior to marriage

Asset Allocation- I like your 75/25 ratio. This is what I use. I would make sure that she understands the risk tolerance. Some consider going more conservative with the spouses IRAs and more aggressive with yours. In theory, everything gets lumped together but you want a happy wife... right?? :money...
by haban01
Thu Jan 09, 2014 12:52 am
 
Forum: Investing - Help with Personal Investments
Topic: Situation checkup prior to marriage
Replies: 9
Views: 1011

Re: Situation checkup prior to marriage

Good Evening, Welcome to the forum! We are of similar age and situation. Congratulations on the upcoming wedding! I'm thrilled you are working thru and creating a sound plan now rather than later!!! 1.) Rollover IRA- It's not an all or nothing proposition. You could move say 5K a year to convert to ...
by haban01
Thu Jan 09, 2014 12:47 am
 
Forum: Investing - Help with Personal Investments
Topic: Situation checkup prior to marriage
Replies: 9
Views: 1011

Re: Sixteen Vanguard funds make the "Money 50" list.

Thanks for the link Gordon! It reminds me of the good old days- Janus, Putnam Voyager, OTC Aggressive Growth..... Vanguard stands the test of time!
by haban01
Thu Jan 09, 2014 12:33 am
 
Forum: Investing - Theory, News & General
Topic: Sixteen Vanguard funds make the "Money 50" list.
Replies: 1
Views: 904

Re: 24 year old investing into companies 401k plan

Good Evening, Welcome to the Bogleheads forum! I found this great place just under 20, now just over 30 :annoyed but doing ok. Congratulations on saving and investing at a young age!! I like the way you laid out your plan. I would request a Summary Plan Description from your 401k provider that will ...
by haban01
Thu Jan 09, 2014 12:30 am
 
Forum: Investing - Help with Personal Investments
Topic: 24 year old investing into companies 401k plan
Replies: 6
Views: 720

Re: REITs And Your Portfolio

I agree. Owning a home and owning a REIT index fund are two distinctly different asset classes. Home ownership is for utility. It provides the necessary shelter than we all must have. There may or may not be investment value in owning a home. REIT investing is for income and growth exclusively. Ric...
by haban01
Wed Jan 08, 2014 11:51 pm
 
Forum: Investing - Theory, News & General
Topic: REITs And Your Portfolio
Replies: 57
Views: 6179

Re: Why Include Bonds in a Portfolio?

http://qvmgroup.com/invest/2013/07/30/historical-returns-for-us-stock_bond-allocations-and-choosing-your-allocation/ My point was that I started at age 19 and have gone through two market cycles. Once you get 10 years under your belt and have some skin in the game and something at risk you should l...
by haban01
Mon Jan 06, 2014 11:46 pm
 
Forum: Investing - Theory, News & General
Topic: Why Include Bonds in a Portfolio?
Replies: 74
Views: 4023

Re: Dogs of the Dow instead of S&P 500?

Have you read "The Bogleheads Guide on Investing" yet? If you haven't, I would suggest doing so over the next week or two and then work to develop an Asset Allocation you can stick with in all market cycles!
by haban01
Mon Jan 06, 2014 11:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Dogs of the Dow instead of S&P 500?
Replies: 27
Views: 2401

Re: Leaving Financial Advisor but What to Do?

You have received a ton of good replies so far! Agree with Laura's comments as well. I bet if you decide to go the Vanguard he will ask you why you want to just be "average". Truthfully, I would pick up a few of the suggest books and read and learn and then work to set up a portfolio that ...
by haban01
Mon Jan 06, 2014 11:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Leaving Financial Advisor but What to Do?
Replies: 38
Views: 3764

Re: Why Include Bonds in a Portfolio?

You could argue that the investor would want to hold bonds in order to wait for a crash (well away from retirement). That investor could then use the bonds to shift his AA into stocks. In other words, sell the bonds and buy stocks after the crash in order to purchase the stock at a lower price than...
by haban01
Mon Jan 06, 2014 11:18 pm
 
Forum: Investing - Theory, News & General
Topic: Why Include Bonds in a Portfolio?
Replies: 74
Views: 4023

Re: Dating, Gender, & Wealth Differences...

I think you need to focus on finding a partner than has similar financial values and goals as you. One could save 5K on a 50K Salary and another make 200K and spend 225K a year. (Hope that makes sense). I don't believe you are going to change a person. It has to be in their heart. I know a number of...
by haban01
Mon Jan 06, 2014 10:55 pm
 
Forum: Personal Consumer Issues
Topic: Dating, Gender, & Wealth Differences...
Replies: 102
Views: 6114

Re: Living vs. saving

Good Topic Bogleheads, First off, My wife is a manager at a Goodwill, so I will try not to take offense to the thrift store posts :moneybag !! You would be surprised the amount of NEW high end items that can be found at a thrift store for a a fraction of the original cost. I have to say that my wife...
by haban01
Mon Jan 06, 2014 10:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Living vs. saving
Replies: 75
Views: 9541

Re: What is your winter thermostat setting (while you are up

Well, Here in WI we are heading into a deep freeze as our beloved Packers take the field tomorrow for a Playoff Game. Highs will be -10 to -20 below the next few days with wind chills pushing to -40/-50. We normally set the thermostat in the high 60's max. But as it gets colder the rooms do feel col...
by haban01
Sun Jan 05, 2014 12:45 am
 
Forum: Personal Consumer Issues
Topic: What is your winter thermostat setting (while you are up)?
Replies: 116
Views: 8677

Re: REGISTRATION FOR THE 2014 BOGLEHEAD CONTEST

2015

Happy New Year Bogleheads!!
by haban01
Fri Jan 03, 2014 12:00 am
 
Forum: Investing - Theory, News & General
Topic: REGISTRATION FOR THE 2014 BOGLEHEAD CONTEST
Replies: 536
Views: 13833

Re: Single & Frugal or Coupled & (Financially) Incompatible?

It looks like I'm the Male version of you! It is very hard in these times in society today! I always said that I would rather be single than be with the wrong person. It was very important to me to have a woman in my life that was willing to learn and understand and respect why one needs to take a p...
by haban01
Wed Jan 01, 2014 12:55 am
 
Forum: Personal Finance (Not Investing)
Topic: Single & Frugal or Coupled & (Financially) Incompatible?
Replies: 77
Views: 5862

Re: Winners of 2013: Boring Investors

The story about boring investors only works if the investors just held one or more major stock index funds. "Wow, if only I had put all my money in the S&P 500 index!" or the ". . . in Total stock market index." But of course if you are a boring Boglehead, you wouldn't actua...
by haban01
Tue Dec 31, 2013 11:39 pm
 
Forum: Investing - Theory, News & General
Topic: Winners of 2013: Boring Investors
Replies: 14
Views: 2693
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