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Re: Paying my parents a salary not to touch their nest egg

I would change your approach. I would open an account in you and your wife's name. Fund that account 40K per year. IF the parents need the money, you can hand out as much as you desire from that account.
by imgritz
Wed Nov 26, 2014 12:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying my parents a salary not to touch their nest egg
Replies: 50
Views: 4315

Re: Brother wants me to co-sign a house with him

samsoes wrote:No!!!!!!!!!!!

+1
by imgritz
Tue Nov 25, 2014 3:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Brother wants me to co-sign a house with him
Replies: 41
Views: 2853

Re: How did you handle the 2008 bear market ?

The 2008 bear market told me that my asset allocation wasn't the right one for me. So I found a less risky AA. :D
by imgritz
Tue Nov 25, 2014 3:06 pm
 
Forum: Investing - Theory, News & General
Topic: How did you handle the 2008 bear market ?
Replies: 70
Views: 3776

Re: What would be the investing strategy for a coming crash?

This is all about asset allocation. You need to find an AA that you are comfortable during bear and bull years.
by imgritz
Tue Nov 25, 2014 3:05 pm
 
Forum: Investing - Theory, News & General
Topic: What would be the investing strategy for a coming crash?
Replies: 81
Views: 6665

Re: Thank You

Pass on what you have learned and help others. :-)
by imgritz
Tue Nov 25, 2014 3:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Thank You
Replies: 3
Views: 666

Re: Been out of market since 2008 and can't get back in

I think your biggest issue is asset allocation. For a nervous investor, I would suggest 40% stocks with a maximum of 50% as the other posters have mentioned.

You will get a CFA assigned to your account and get a free financial plan if you transfer the money to Vanguard.
by imgritz
Tue Nov 25, 2014 12:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Been out of market since 2008 and can't get back in
Replies: 52
Views: 4907

Re: Looking for a career playing to these strengths

You could be a fee-only financial planner.
by imgritz
Mon Nov 24, 2014 4:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Looking for a career playing to these strengths
Replies: 4
Views: 520

Re: New to Vanguard and serious about retirement planning

It appears to be the standard Vanguard CFA recommended portfolio. They add a couple of extra corporate bond funds to work with the Total Bond index. It looks like you are fine.
by imgritz
Mon Nov 24, 2014 4:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: New to Vanguard and serious about retirement planning
Replies: 12
Views: 1521

Re: 32 year old amateur investor looking for retirement advi

Asset allocation is based on what you can handle. Think loosing 1/2 of your stock allocation in a given year. If you can stomach it then the 80/20 is fine for you. The typical holdings for Bogleheads is a three fund portfolio with 30% of international allocation of the equities. A suggested allocati...
by imgritz
Mon Nov 24, 2014 12:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: 32 year old amateur investor looking for retirement advice
Replies: 10
Views: 866

Re: Do you use a phone book?

stingray5688 wrote:A what?

+1

I'll use a phone book as soon as I find my rotary dial phone.
by imgritz
Mon Nov 24, 2014 12:10 pm
 
Forum: Personal Consumer Issues
Topic: Do you use a phone book?
Replies: 51
Views: 2097

Re: Girlfriend with a LOT of Student debt.

I would talk to her about her debt and how SHE plans on paying if off. This is not your problem unless you intent to make the GF your spouse. I looked up on Nolo and it says it will always be her debt unless you cosign her loans. Debts. In community property states, most debts incurred by either spo...
by imgritz
Mon Nov 24, 2014 11:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Girlfriend with a LOT of Student debt.
Replies: 166
Views: 13289

Re: Personal Tips for a New Father to Be

Congratulations!

I suggest using FireCalc http://www.firecalc.com/ to see if your portfolio will last as long as you desire. Personally, I would keep working so you can take of your family.
by imgritz
Fri Nov 21, 2014 8:03 pm
 
Forum: Personal Consumer Issues
Topic: Personal Tips for a New Father to Be
Replies: 24
Views: 2032

Re: Daycare payments - a way to get further discount?

I think Discover 1% cash back is the only way to go.

Would they accept a discount if you paid in cash? This way they wouldn't have to pay the merchant fees on the credit card.
by imgritz
Fri Nov 21, 2014 5:27 pm
 
Forum: Personal Consumer Issues
Topic: Daycare payments - a way to get further discount?
Replies: 8
Views: 793

Re: "Are You an Irrational Investor? Here’s How to Tell"

Behavior finance articles are my favorite. It's interesting to see investor psychology.
by imgritz
Fri Nov 21, 2014 5:20 pm
 
Forum: Investing - Theory, News & General
Topic: "Are You an Irrational Investor? Here’s How to Tell"
Replies: 13
Views: 1819

Re: Vanguard offers login security code

ddunca1944 wrote:Thanks for posting this. I've just activated mine.

+1 on thanks!
by imgritz
Fri Nov 21, 2014 5:15 pm
 
Forum: Personal Consumer Issues
Topic: Vanguard offers login security code
Replies: 75
Views: 6985

Re: Daycare payments - a way to get further discount?

Do you have a Flex Spending account for childcare? I used mine to max payments directly to the preschool.
by imgritz
Fri Nov 21, 2014 5:10 pm
 
Forum: Personal Consumer Issues
Topic: Daycare payments - a way to get further discount?
Replies: 8
Views: 793

Re: Side jobs or hobbies that make you money

I develop websites as a side business, but I haven't had a new client in several years. I mainly now just do updates for my current clients which nets less than $1K a year. Many people just use Facebook or they use one of those design-it-yourself website service. I work on this side business becaus...
by imgritz
Fri Nov 21, 2014 4:14 pm
 
Forum: Personal Consumer Issues
Topic: Side jobs or hobbies that make you money
Replies: 125
Views: 17204

Re: Side jobs or hobbies that make you money

Momus wrote:Become an Uber driver ~$20k/year part time.

Interesting. Does Uber supply the car and insurance?
by imgritz
Fri Nov 21, 2014 4:08 pm
 
Forum: Personal Consumer Issues
Topic: Side jobs or hobbies that make you money
Replies: 125
Views: 17204

Re: Side jobs or hobbies that make you money

manuvns wrote:p2p lending at prosper and lending club . lost $100 at prosper and made $220 at lending club

+1 on the p2p lending. It helps me with my financial analytical skills by picking the correct loans. It makes me a little profit and it is a fun hobby for me.
by imgritz
Fri Nov 21, 2014 4:07 pm
 
Forum: Personal Consumer Issues
Topic: Side jobs or hobbies that make you money
Replies: 125
Views: 17204

Re: Updated opinions about Ally Bank?

I have an off-topic question. Isn't Ally the old General Motors Acceptance Corp? Did they have to take money in the bailout?
by imgritz
Fri Nov 21, 2014 3:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Updated opinions about Ally Bank?
Replies: 67
Views: 8184

Re: Young Investor Welcoming Any Advice

Long term, you could invest all of your money in Vanguard Total Stock Market index fund and forget about it. Short term you need an emergency fund about six months worth of expenses in CDs, savings account, iBonds, short term tax free bond funds, etc. I've got that part taken care of. Valid point n...
by imgritz
Fri Nov 21, 2014 3:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Young Investor Welcoming Any Advice
Replies: 16
Views: 963

Re: Tell me about FitBit - is it worth having?

I wanted to have something that would motivate me to walk more. It tracked everything I did such as walking and going up stairs. I would forget to walk and the device didn't remind me. I asked people in the forum how does it motivate you? The common response was they have a footstep goal and they wa...
by imgritz
Fri Nov 21, 2014 3:46 pm
 
Forum: Personal Consumer Issues
Topic: Fitbit, Vivofit, or other?
Replies: 55
Views: 2042

Re: What is a VIT?

I speculate it's a S&P 500 vehicle to be used as the growth portion for life insurance.

Thanks for the response.
by imgritz
Fri Nov 21, 2014 3:42 pm
 
Forum: Investing - Theory, News & General
Topic: What is a VIT?
Replies: 5
Views: 599

What is a VIT?

I have a new job and a new 401K. I need to fill the equity portion of my portfolio. The only sub 1% choice is HIMCO VIT Index Investment Option - HVIIX - 0.58% The investment seeks to provide investment results which approximate the price and yield performance of publicly traded common stocks in the...
by imgritz
Fri Nov 21, 2014 2:50 pm
 
Forum: Investing - Theory, News & General
Topic: What is a VIT?
Replies: 5
Views: 599

Re: Young Investor Welcoming Any Advice

Long term, you could invest all of your money in Vanguard Total Stock Market index fund and forget about it.

Short term you need an emergency fund about six months worth of expenses in CDs, savings account, iBonds, short term tax free bond funds, etc.
by imgritz
Fri Nov 21, 2014 2:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Young Investor Welcoming Any Advice
Replies: 16
Views: 963

Re: What doyou splurge on?

Good beer
Vacations
Buying lunch
A/C and Heat. House is always is in a 5 degree range.
by imgritz
Fri Nov 21, 2014 1:23 pm
 
Forum: Personal Consumer Issues
Topic: What do you splurge on?
Replies: 150
Views: 9592

Re: Question about California Teachers Pension

Thanks for the information. I need to read up on pensions for my curiosity. I am trying to figure out which is the better financial road. Let's say I contribute the same 8% and the company contributes 3% match (match has been my experience in my jobs) to my 401K for 30 years. I invest per Boglehead ...
by imgritz
Wed Nov 19, 2014 7:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Question about California Teachers Pension
Replies: 12
Views: 1220

Question about California Teachers Pension

I have a buddy (not a teacher) that is part of the California Teachers Pension. He mentions the pension is good. I did some research and saw "CalSTRS members contribute 8 percent of their monthly pay to help finance their retirement. Employers (School District) kick in an equal 8.25 percent of ...
by imgritz
Wed Nov 19, 2014 6:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Question about California Teachers Pension
Replies: 12
Views: 1220

Re: Selecting Charities for Donation

I figure everyone should eat so I contribute to Feeding America. I donate my stuff to Goodwill.
by imgritz
Wed Nov 19, 2014 6:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Selecting Charities for Donation
Replies: 55
Views: 3332

Boss: I'll get back to you and never does

I have a new boss that is extremely busy. He tells me he will get with me on work assignments and rarely-to-never does. He tells me to meet and then cancels saying "I'll get back to you." I drop off work on his desk and he says he'll review the work but doesn't. In the meantime, I do every...
by imgritz
Thu Nov 13, 2014 6:53 pm
 
Forum: Personal Consumer Issues
Topic: Boss: I'll get back to you and never does
Replies: 7
Views: 870

Re: Tough spot, decided to lease a car

technofox wrote:I may see a therapist to discuss my anxiety issues which cause me to be impulsive at times due to excessive worry.

You don't need a therapist. Excessive debt is a heavy burden for most people. You simply need a plan to reduce the debt and take steps to eliminate it.
by imgritz
Thu Nov 06, 2014 7:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tough spot, decided to lease a car
Replies: 209
Views: 14029

Re: Morbid Question

I used a financial professional twice in my investing. Both gave me bad advice.

I suggest your wife becomes a Boglehead so she can take charge of her finances in case you get hit by the proverbial bus.
by imgritz
Tue Nov 04, 2014 4:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Morbid Question
Replies: 28
Views: 4039

Re: Tough spot, decided to lease a car

technofox wrote:Ok. Whoever suggested preparing that we should prepare our finances for the baby is a genius. Looks like we will be working on a budget together this weekend.

Major kudos to you.

I think this may work to get both of you for living within your means. Budgeting for Baby.
by imgritz
Tue Nov 04, 2014 2:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tough spot, decided to lease a car
Replies: 209
Views: 14029

Re: Tough spot, decided to lease a car

I have a wife who can't stay on budget to save her life and we end up over spending because of it. My wife I know, will not give up cable, Starbucks, and attending social functions such as weddings for friends, especially family, and parties where she feels obligated to attend to. Myself, I won't g...
by imgritz
Tue Nov 04, 2014 1:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tough spot, decided to lease a car
Replies: 209
Views: 14029

Re: iBonds at zero % fixed

I understand the inflationary aspects of investments. Don't you consider your Total Stock Market index fund to accomplish this task?
by imgritz
Tue Nov 04, 2014 1:35 pm
 
Forum: Investing - Theory, News & General
Topic: iBonds at zero % fixed
Replies: 84
Views: 9047

Re: iBonds at zero % fixed

I know the mechanics of ibonds. Fixed and variable interest rates. Returns as good as inflation. Tax free interest.

I am going to admit ignorance. Why are people so gung ho on ibonds? Why do you prefer this over a Vanguard tax exempt fund?
by imgritz
Tue Nov 04, 2014 1:11 pm
 
Forum: Investing - Theory, News & General
Topic: iBonds at zero % fixed
Replies: 84
Views: 9047

Re: Best Online Brokerage - TD Ameritrade vs. Schwab

I vote None of the Above.

Get a Vanguard mutual fund account. Buy Vanguard index funds.
by imgritz
Sat Nov 01, 2014 8:30 pm
 
Forum: Investing - Theory, News & General
Topic: Best Online Brokerage - TD Ameritrade vs. Schwab
Replies: 24
Views: 2567

Re: 22 year old trying to get a grasp on personal finance.

There's too many red flags here. You're 27K in car debt? Sell the car and buy a car for cash. You GF as 40K in debt? I would have her pay off the debt before marriage. Next, start a emergency fund for six months of expenses. In the meantime, contribute to a 401K to the company match. When all of thi...
by imgritz
Sat Nov 01, 2014 8:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: 22 year old trying to get a grasp on personal finance.
Replies: 20
Views: 1338

Re: Asset Allocation

Start reading the wiki. Age in bonds (it really depends on your tolerance to risk). International Stock 30%. Here's a sample portfolio for your age. 30% Total Stock Market Bond fund in a tax advantage account 50% Total Stock Market Index fund in a taxable account. 20% Total International Stock Marke...
by imgritz
Fri Oct 31, 2014 3:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation
Replies: 14
Views: 775

Re: Short term investing

< 5 years. CDs.
by imgritz
Fri Oct 31, 2014 3:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Short term investing
Replies: 5
Views: 564

Re: Is $700,000 enough to retire? Opinions please .

How about both of you retiring at 65? He is almost there. You can continue to work and fund the savings. That will achieve both goals.

I suggest you lower your expenses to meet a 4% withdrawal rate of the 700K.
by imgritz
Fri Oct 31, 2014 11:06 am
 
Forum: Investing - Help with Personal Investments
Topic: Is $700,000 enough to retire? Opinions please .
Replies: 86
Views: 12507

Re: Coupons? Do you live by them?

I wish I could find coupons for the things I buy. Where do I find the coupons for fruit and vegetables? Normally, I only see coupons for junk foods.
by imgritz
Fri Oct 31, 2014 11:03 am
 
Forum: Personal Consumer Issues
Topic: Coupons? Do you live by them?
Replies: 66
Views: 4049

Re: That stress-relieving thing you do at work

Walk.

Take a short walk. Look at the trees. Notice the birds. You get the idea.
by imgritz
Thu Oct 30, 2014 12:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: That stress-relieving thing you do at work
Replies: 45
Views: 2878

Re: fleeced by an adviser, is there a recourse?

dgdevil wrote:The price of an education. You got off lightly. Forget it, move on.

I agree.
by imgritz
Wed Oct 29, 2014 11:47 am
 
Forum: Investing - Help with Personal Investments
Topic: fleeced by an adviser, is there a recourse?
Replies: 104
Views: 9028

Re: Tips on winning a small claims court case in California.

He specifically states in an email, "The only other thing I see is loose inner fender liners." Did you expect the mechanic to take apart the engine on an inspection? He specifically said "What he could see." In my opinion, you received your settlement. The 4K from the previous o...
by imgritz
Wed Oct 29, 2014 11:44 am
 
Forum: Personal Finance (Not Investing)
Topic: Tips on winning a small claims court case in California...
Replies: 24
Views: 2838

Re: Need help: Roll over to new plan or leave $$ in old plan

You can roll over your money to a Vanguard IRA.
by imgritz
Tue Oct 28, 2014 12:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need help: Roll over to new plan or leave $$ in old plan?
Replies: 25
Views: 1629

Re: How often do you change your car's oil?

Every 7,500 miles for synthetic. I have an reminder app on my car.
by imgritz
Mon Oct 27, 2014 12:34 pm
 
Forum: Personal Consumer Issues
Topic: How often do you change your car's oil?
Replies: 168
Views: 11507

Re: Apple Pay, Google Wallet, credit, and us

I used Apple Pay at Subway to test it out. The software is very easy to use: Have phone near credit card machine and touch the fingerprint icon.

The good news is I will always have a sandwich. :D
by imgritz
Fri Oct 24, 2014 6:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Apple Pay, Google Wallet, credit, and us
Replies: 108
Views: 8718

Re: Forbes Article On Active vs Passive Investing

Love these hindsight articles. She should've ended the article with buy Microsoft, Google, etc. 10-15 years ago.

She never told us how to predict the bottom or top of the markets with accuracy.
by imgritz
Wed Oct 22, 2014 12:10 pm
 
Forum: Investing - Theory, News & General
Topic: Forbes Article On Active vs Passive Investing
Replies: 35
Views: 3977

Re: How do you wash your car?

Car wash membership. $36 a month and you can go as many times as you want.
by imgritz
Tue Oct 21, 2014 2:34 pm
 
Forum: Personal Consumer Issues
Topic: How do you wash your car?
Replies: 143
Views: 7113
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