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Re: Just Starting Out - First Job After College

I see you are a financial genius at an early age. Congrats on the 15% savings. Stick with that percentage forever (or more if you can afford it) and you will be very happy in your financial future. I will suggest an easy two-step approach at this time in your life. 1) Create an emergency fund. Figur...
by imgritz
Fri Aug 29, 2014 7:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Just Starting Out - First Job After College
Replies: 8
Views: 530

Re: Help out family without compromising my own retirement?

There are a lot of social programs to help out such as Food Banks, Welfare, Social Security. Your parents and siblings should check them out. You can find them online and give the information to the family members.
by imgritz
Fri Aug 29, 2014 4:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help out family without compromising my own retirement?
Replies: 59
Views: 3891

Re: Does anyone have 'Lazy Portfolios'?

My portfolio is soooo lazy it snores. :D
by imgritz
Fri Aug 29, 2014 4:40 pm
 
Forum: Investing - Theory, News & General
Topic: Does anyone have 'Lazy Portfolios'?
Replies: 71
Views: 4094

Re: Help out family without compromising my own retirement?

Are both your parents and siblings living in your condo, or do your parents live elsewhere? If they live elsewhere, they could double up in the condo. Both my parents and siblings live in my condo. I thought just your parents were living in the condo. I'll reiterate what I've seen on Suze Orman mul...
by imgritz
Fri Aug 29, 2014 4:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help out family without compromising my own retirement?
Replies: 59
Views: 3891

Re: Help out family without compromising my own retirement?

The family's financial situation is getting worse and my brother now wants me to help out with the parents' living expenses. I refused and told him I was already making my share of contribution by letting them live rent free in my condo. I feel I need to draw the line somewhere because I don't want...
by imgritz
Fri Aug 29, 2014 3:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help out family without compromising my own retirement?
Replies: 59
Views: 3891

Re: Any Tips on wintering in the Bahamas ?

I've been to Haiti, US Virgin Islands, Jamaica, Grand Caymans. People were nice on each island I visited. My only suggestion is stay hydrated. The sun will get to you after a full day of fun.
by imgritz
Fri Aug 29, 2014 3:01 pm
 
Forum: Personal Consumer Issues
Topic: Any Tips on wintering in the Bahamas ?
Replies: 21
Views: 1824

Re: How You Can Locate Life Insurance Policy for Deceased Pe

It's not just life insurance. I found money for several people for various reasons.
by imgritz
Fri Aug 29, 2014 2:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to Locate LIFE INSURANCE Policy for Deceased Person
Replies: 7
Views: 874

Re: How low can Vanguard Fees Go?

Vanguard employees gotta eat. I would be amazed if it would go lower.
by imgritz
Fri Aug 29, 2014 12:36 pm
 
Forum: Investing - Theory, News & General
Topic: How low can Vanguard Fees Go?
Replies: 32
Views: 2171

Re: Programming and Database Classes

I go to my local University because they have an excellent professional development program.

I also use Pluralsight for a lot of online courses http://beta.pluralsight.com/
by imgritz
Fri Aug 29, 2014 12:32 pm
 
Forum: Personal Consumer Issues
Topic: Programming and Database Classes
Replies: 15
Views: 1043

Re: High net worth in CA - what % of bonds in munis?

The Boglehead approach says put the least tax efficient funds in a tax-advantage account. For example, Total Bond Market Index in an IRA. If you need bonds in a taxable account, a usual suggestion is to use munis. In my taxable account, I have munis. I split the money 50/50 between CA and national.
by imgritz
Fri Aug 29, 2014 12:24 pm
 
Forum: Investing - Theory, News & General
Topic: High net worth in CA - what % of bonds in munis?
Replies: 21
Views: 1463

Re: How You Can Locate Life Insurance Policy for Deceased Pe

Does the Search for Unclaimed Property on the CA website work for you? I get webpage is not available.
by imgritz
Thu Aug 28, 2014 8:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to Locate LIFE INSURANCE Policy for Deceased Person
Replies: 7
Views: 874

Re: My husband's " WILL", $ left for me to live on....

I suggest you start your investment knowledge on this board. You can start with reading the Boglehead wiki at http://www.bogleheads.org/wiki/Getting_started
by imgritz
Thu Aug 28, 2014 8:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 258
Views: 16891

Re: My husband's " WILL", $ left for me to live on....

Ineedadvice50 wrote:Take it to either family law attorney or certified financial planner. Which one should I pick??? help please.


The attorney will see if you are entitled to any of your husband's separate property. The financial planner will tell you how to structure your assets for your financial future.
by imgritz
Thu Aug 28, 2014 7:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 258
Views: 16891

Re: Do Bogleheads worry about institutional risk?

It's a sense of the Y2K problem, one that I predicted - very incorrectly (and happy I was wrong!) - we might not be able to access some of the regular needs of daily life for a short time, 'til it got sorted out. RM I remember Y2K. My ex-father-in-law was taking survival courses and stock piling ne...
by imgritz
Thu Aug 28, 2014 6:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do Bogleheads worry about institutional risk?
Replies: 33
Views: 1651

Re: Intermediate term tax exempt bond fund or TBM? Pls help

You want portfolio tax efficiency. Tax-exempt bond funds in a taxable account. Investments that are tax inefficient go in a tax advantaged account such as an IRA.
by imgritz
Thu Aug 28, 2014 5:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Intermediate term tax exempt bond fund or TBM? Pls help
Replies: 9
Views: 785

Re: Chicken or Fish

Chicken. I can't cook fish to save my Sole. I do like fish at a fish restaurant.
by imgritz
Thu Aug 28, 2014 5:11 pm
 
Forum: Personal Consumer Issues
Topic: Chicken or Fish
Replies: 10
Views: 731

Re: Municipal bonds 1y returns - exuberance and caution

Oh sure...my state (California) is lagging behind the rest of the other Vanguard state muni funds. Darn Californian's are probably out surfing.

I just noticed...are most of the state tax-exempt funds long-term?
by imgritz
Thu Aug 28, 2014 4:39 pm
 
Forum: Investing - Theory, News & General
Topic: Municipal bonds 1y returns - exuberance and caution
Replies: 46
Views: 4000

Re: Protecting one's bank account from PayPal

I have never had a problem with Paypal after a decade+ of use.

In case you want to read for yourselves, take a look a Paypal's promise on safety/security https://www.paypal.com/webapps/mpp/paypal-safety-and-security
by imgritz
Thu Aug 28, 2014 3:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Protecting one's bank account from PayPal
Replies: 26
Views: 2256

Re: Fee-Only Advisor Cost?

Iorek wrote:You could look into the Vanguard CFPs as well-- might be free or low cost depending on how much you have/move to VG.

I agree.
by imgritz
Thu Aug 28, 2014 3:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Fee-Only Advisor Cost?
Replies: 26
Views: 1470

Re: Do Bogleheads worry about institutional risk?

I never understood the paranoia of institutional risk threads. The Investment act of 1940 and Vanguard carrying insurance called a Fidelity Bond indicates we will be fine.
by imgritz
Thu Aug 28, 2014 3:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do Bogleheads worry about institutional risk?
Replies: 33
Views: 1651

Re: Gas station etiquette

The other driver's view of reality is his own. Don't let his less than good attitude effect yours.

Simply smile. Thank thank the other person for their opinion and let them go on their way.
by imgritz
Thu Aug 28, 2014 3:18 pm
 
Forum: Personal Consumer Issues
Topic: Gas station etiquette
Replies: 46
Views: 2832

Re: My husband's " WILL", $ left for me to live on....

Why aren't you getting Social Security as a stay at home Mom of a child? AFAIK, you can collect that benefit at any age. They are getting $1K a month for their 7-year-old. "My husband currently receiving social security around $2000 for himself and $1000 for our 7 years old, total of social se...
by imgritz
Thu Aug 28, 2014 2:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 258
Views: 16891

Re: roomba?

I hate the stupid little thing. Well hate is a strong word. I dislike what I do when I turn the thing on.

Roomba is fantastic. Unfortunately my brain is amazed by it and I follow it around defeating the purpose of me doing something useful while it is cleaning.
by imgritz
Thu Aug 28, 2014 2:13 pm
 
Forum: Personal Consumer Issues
Topic: roomba?
Replies: 13
Views: 1275

Re: My husband's " WILL", $ left for me to live on....

You will have 1.1 million (current value) in assets at your husband's death if the will is distributed as written. 500,000 house 100,000 CD 100,000 estate 200,000 life insurance 200,000 life insurance child There are many options for you. Reverse mortgage, Sell house, invest proceeds and rent, part-...
by imgritz
Thu Aug 28, 2014 2:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 258
Views: 16891

Re: Questions for Landlords

I take care of the normal wear and tear. Tenants pay for any major issues like a hole in wall out of their deposit.
by imgritz
Wed Aug 27, 2014 3:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Questions for Landlords
Replies: 22
Views: 1442

Re: Savers vs. Spenders: Default Mode

I think it's hard for most people to save because most people just don't make that much money. In my opinion, saving is more of a privilege than a norm. I have to disagree. All of my friends make considerably more than me. They are spenders. They laugh at me when I mention savings and investing. My...
by imgritz
Wed Aug 27, 2014 3:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Savers vs. Spenders: Default Mode
Replies: 34
Views: 2189

Re: AA of 60/40 for your Lifetime?

It is all about how you sleep at night. If the stock market dropped 40% in the next month, how would you feel about your asset allocation?
by imgritz
Wed Aug 27, 2014 12:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: AA of 60/40 for your Lifetime?
Replies: 27
Views: 2307

Re: What's "The Herd" doing today?

My herd is spending.
by imgritz
Wed Aug 27, 2014 12:26 pm
 
Forum: Investing - Theory, News & General
Topic: What's "The Herd" doing today?
Replies: 52
Views: 3420

Re: California residents - do you have earthquake insurance?

I figure you have two choices if an earthquake happens and you don't have insurance.

1) You will have to get a loan from FEMA to rebuild your house.
2) Walk away. Let the banks foreclose. You lose your equity and your credit rating.
by imgritz
Tue Aug 26, 2014 7:07 pm
 
Forum: Personal Consumer Issues
Topic: California residents - do you have earthquake insurance?
Replies: 49
Views: 2557

Re: Where to put money while waiting for 401k

You're doing fine. Do you have an emergency fund? If not, maybe you should consider building one.
by imgritz
Tue Aug 26, 2014 6:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where to put money while waiting for 401k
Replies: 6
Views: 461

Re: California residents - do you have earthquake insurance?

I got my earthquake insurance through State Farm and they use CEA. I think my policy is 15% and the market value is the cost it would take to rebuild my home.
by imgritz
Tue Aug 26, 2014 5:43 pm
 
Forum: Personal Consumer Issues
Topic: California residents - do you have earthquake insurance?
Replies: 49
Views: 2557

Re: California residents - do you have earthquake insurance?

My ex-parents-in-law lived near Northridge. That quake took some very serious toll on the community. Fortunately, they had earthquake insurance and their house was restored in full in a timely manner. Their story convinced me to get earthquake insurance. You can calculate a policy at http://www.eart...
by imgritz
Tue Aug 26, 2014 3:51 pm
 
Forum: Personal Consumer Issues
Topic: California residents - do you have earthquake insurance?
Replies: 49
Views: 2557

Re: How I beat Indexing... in 1 hour

I remember I was a financial genius back in to 2007/2008. :D
by imgritz
Tue Aug 26, 2014 3:47 pm
 
Forum: Investing - Theory, News & General
Topic: How I beat Indexing... in 1 hour
Replies: 53
Views: 7057

Re: Husband rear-ended, driver ignoring his insurance

I don't understand why your State Farm policy isn't paying immediately. You should go to a repair facility approved by State Farm. They will repair your car and only charge you the deductible. It's that easy.
by imgritz
Tue Aug 26, 2014 3:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Husband rear-ended, driver ignoring his insurance
Replies: 44
Views: 4842

Re: Bond fund in taxable account (CA resident)

I live in California and had the same concerns about our state's financial health. I split the money 50/50 between the two tax-exempt funds.
by imgritz
Tue Aug 26, 2014 12:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bond fund in taxable account (CA resident)
Replies: 14
Views: 1073

Re: Auto accident today

I call my State Farm agent and tell them my story. I am told I can claim up to $750 and it will not affect my policy.
by imgritz
Tue Aug 26, 2014 12:52 pm
 
Forum: Personal Consumer Issues
Topic: Auto accident today
Replies: 33
Views: 2572

Re: I need "Ultra High Net Worth" investing advice please

Boglehead philosophy applies if you have 10K or 10MM. I think the solution is simple. 1) You can learn what you need from the Wiki and ask a lot of questions on this board for a do-it-yourself portfolio. This will involve a lot of your effort at no-cost. 2) You can have Vanguard to a financial plan ...
by imgritz
Mon Aug 25, 2014 8:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: I need "Ultra High Net Worth" investing advice please
Replies: 215
Views: 15342

Re: Telling my friends I paid off my house was a mistake.

Folks, the OP has used the plural of "house", so the OP has more than one house that has been paid off. Let's give him the benefit of the doubt and say it's 8 houses that they have paid off. I think the OP should take more trips, go to Paris (multiple times), and start redecorating. Final...
by imgritz
Mon Aug 25, 2014 3:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Telling my friends I paid off my house was a mistake.
Replies: 73
Views: 10156

Re: Looking to buy a new car but hesistant.

I like the Tundra. It's rated well. I would've purchased one except it is two feet longer than my garage.

It looks like you are doing well. How about saving another 5K towards the down-payment? That way you only have to finance half of the car.
by imgritz
Mon Aug 25, 2014 3:30 pm
 
Forum: Personal Consumer Issues
Topic: Looking to buy a new car but hesistant.
Replies: 17
Views: 1602

Re: Telling my friends I paid off my houses was a mistake.

Thanks guys. I will simply smile and thank them for their opinion if it comes up again.
by imgritz
Mon Aug 25, 2014 2:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Telling my friends I paid off my house was a mistake.
Replies: 73
Views: 10156

Telling my friends I paid off my house was a mistake.

Some of my friends are spenders. They love to go places, eat out all of the time, lease cars, redecorate their houses all of the time, etc. My biggest mistake came when a small group of us were talking about a friend's bonus. They asked me what should they do. I told them they could invest it or pay...
by imgritz
Mon Aug 25, 2014 1:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Telling my friends I paid off my house was a mistake.
Replies: 73
Views: 10156

Re: Newbie nervous and just invested 55k with Vanguard

The second rule I will give you is don't listen to CNBC or read Money magazine or listen to any of the pundits. None of them know anything but they will get your knickers in a twist. I kicked reading the news for three months. I was happy not seeing the daily turmoil. Too bad I'm reading the news a...
by imgritz
Mon Aug 25, 2014 1:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Newbie nervous and just invested 55k with Vanguard
Replies: 20
Views: 2248

Re: Newbie nervous and just invested 55k with Vanguard

A big part of being a Boglehead is turning off the noise and staying the course. You did well with your investments. Be proud of yourself!

Try to think long term. Get your mind off things by helping others on this board. You will do just fine.
by imgritz
Mon Aug 25, 2014 12:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Newbie nervous and just invested 55k with Vanguard
Replies: 20
Views: 2248

Re: Moving from UBS to Vanguard

If I go mutual fund (Admiral shares) with a 3 or 4 fund portfolio, don't I come out ahead expense wise? I have think I have enough money in the taxable money to do this. Or am I overemphasizing this aspect? Go with Vanguard mutual fund accounts. Establish a three fund portfolio using Admiral shares...
by imgritz
Mon Aug 25, 2014 12:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Moving from UBS to Vanguard
Replies: 18
Views: 1244

Re: Downsizing emergency fund

For the rest, is it strange to want to invest it somewhat more conservatively than my retirement accounts are even though I have no specific timeframe for needing the money? I don't follow the "Keep it all in cash" theory. I have some money in a savings account to pay unexpected events li...
by imgritz
Fri Aug 22, 2014 7:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Downsizing emergency fund
Replies: 12
Views: 1324

Re: Downsizing emergency fund

It's good that your EF is growing. To me, EFs are based on the months of living expenses you need.

My EF has grown to 2.5 years of annual expenses. I never plan on trimming it. It simply tells me that in case of a layoff I could be picky about my next employer.
by imgritz
Fri Aug 22, 2014 6:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Downsizing emergency fund
Replies: 12
Views: 1324

Re: Why do we tip restaurant servers?

HardKnocker wrote:Why is 20% now considered a normal tip?

15% used to be the norm.

I still think 15% is the norm.

20% is easier for me to do in my head. I can easily move a decimal point and double the amount. I used to be able to figure out 15% when I was younger. :happy
by imgritz
Fri Aug 22, 2014 6:28 pm
 
Forum: Personal Consumer Issues
Topic: Why do we tip restaurant servers?
Replies: 44
Views: 2203

Re: Stopping Junk mail from USPS

Get the PaperKarma app. It takes a while to get all of the junk mail eliminiated.
by imgritz
Fri Aug 22, 2014 5:07 pm
 
Forum: Personal Consumer Issues
Topic: Stopping Junk mail from USPS
Replies: 26
Views: 1882

Re: Why do we tip restaurant servers?

I used to work in a company where employees came from all over the world. They told me tipping is an American thing. In most countries workers are expected to do a good job. For an excellent job, a 5% tip is considered good. I tip 20% automatically. Personally, I would rather have the employer pay t...
by imgritz
Fri Aug 22, 2014 5:03 pm
 
Forum: Personal Consumer Issues
Topic: Why do we tip restaurant servers?
Replies: 44
Views: 2203

Re: Why only stocks in a taxable account at retirement?

There are two strategies in terms of portfolio construction: 1) Equal Location - the same funds in each account (with possibly minor differences such as taxable and tax exempt bonds). 2) Asset Location - different funds in different accounts. We have tried both strategies and follow the "Equal...
by imgritz
Wed Aug 20, 2014 7:01 pm
 
Forum: Investing - Theory, News & General
Topic: Why only stocks in a taxable account at retirement?
Replies: 26
Views: 1845
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