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Re: Hit a financial milestone at an age milestone

Congratulations! I hope to be you someday :)
by investor1
Tue Aug 26, 2014 9:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Hit a financial milestone at an age milestone
Replies: 10
Views: 1094

Re: complete newbie, have no idea where to start

livesoft wrote:There is a great link on the forum home page in the upper left called "Start here". Do you see it? If so, click on it.

This.

Also, do you have earned income? A 401k? An IRA? If you said yes to any of these, take a look at the Asking Portfolio Questions thread and create your own.
by investor1
Tue Aug 26, 2014 5:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: complete newbie, have no idea where to start
Replies: 4
Views: 232

Re: Vanguard sued for charging too little

Yep, I wasn't accusing you, but I see how my post can be interpreted like that. I saw a number of replies to your post, and could see the conversation shifting in an unproductive/unhealthy direction. Overall, I think the thread is interesting, so I'm just trying to make sure we stay on point :)
by investor1
Tue Aug 26, 2014 5:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard sued for charging too little
Replies: 187
Views: 20908

Re: Portfolio advice requested!!

It is tough to get a clear picture of what is going on. Please reformat your post based on the Asking Portfolio Questions thread. To answer one of your questions, you can't deduct your contributions to a tIRA since you use a 401k and make over $116k, so open up a Roth IRA for you and another one for...
by investor1
Tue Aug 26, 2014 5:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice requested!!
Replies: 4
Views: 245

Re: Personal Financial Planning question

I think retirement planning is in pretty good shape. I think the larger holes are in the areas of household budgeting and costs involved in home ownership.
by investor1
Tue Aug 26, 2014 4:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Personal Financial Planning question
Replies: 4
Views: 399

Re: Portfolio advice for Mom at 86 years

I don't think your mom needs more money. It seems as though she has enough for a good 20 years. I think she should be conservative with her investments. Asset allocation is a personal choice, and I don't know how your mother thinks about risk. If I had more than enough money to live out my life, I d...
by investor1
Tue Aug 26, 2014 3:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice for Mom at 86 years
Replies: 15
Views: 904

Re: My Wife's 401k is expensive.

Have her contribute 4% to get the match. Max out your 401(k) while living off of a higher percentage of her paycheck. Contribute to his and her Roth IRAs. That gives you $28.5k worth of tax advantaged space for retirement savings + whatever 4% of her salary + her match + your match. Do you still ha...
by investor1
Tue Aug 26, 2014 1:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: My Wife's 401k is expensive.
Replies: 23
Views: 1404

Re: Mortgages and financial freedom

I tend to put a percentage of income toward large cost items such as retirement or a house. If I have extra money that I need to figure out what to do with it, sure I might put some of it toward retirement, but I would rarely put all of it in retirement accounts. The percentage that I have set going...
by investor1
Tue Aug 26, 2014 1:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgages and financial freedom
Replies: 54
Views: 3205

Re: My Wife's 401k is expensive.

As for what to do with the money in her 401(k), they are all crappy choices. You'll need to pick the best evil and go with it (or change plans/employers). I'd pick an asset class to hold in her account and achieve your desired AA across your portfolio rather than holding multiple funds in her 401(k)...
by investor1
Tue Aug 26, 2014 12:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: My Wife's 401k is expensive.
Replies: 23
Views: 1404

Re: My Wife's 401k is expensive.

Have her contribute 4% to get the match. Max out your 401(k) while living off of a higher percentage of her paycheck. Contribute to his and her Roth IRAs. That gives you $28.5k worth of tax advantaged space for retirement savings + whatever 4% of her salary + her match + your match. Do you still hav...
by investor1
Tue Aug 26, 2014 12:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: My Wife's 401k is expensive.
Replies: 23
Views: 1404

Re: What are you up YTD?

My desired AA is 90/10. I use a target date fund, so I'm willing to bet my current AA is 90/10. I don't know what I am up or down YTD. I'll let you know in about 20 years :)
by investor1
Tue Aug 26, 2014 11:39 am
 
Forum: Investing - Help with Personal Investments
Topic: What are you up YTD?
Replies: 68
Views: 3491

Re: Vanguard sued for charging too little

More information about the person who is suing Vanguard: http://articles.philly.com/2014-08-24/business/53171390_1_tax-avoidance-david-danon-whistle-blower The "Philly.com" website has a good number of articles about this lawsuit. I don't think we need to attack the man but the arguments....
by investor1
Mon Aug 25, 2014 10:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard sued for charging too little
Replies: 187
Views: 20908

Re: Newbie roth ira question

Just to reinforce what others have said: 1. Yes, you can contribute to a Roth IRA. Your income is below the phaseout of $114k, so you're good to go. Keep in mind you can't contribute to a traditional IRA since you contribute to a 401(k) and have income above the $70k phaseout for a tIRA. And, yes, t...
by investor1
Mon Aug 25, 2014 12:21 pm
 
Forum: Investing - Theory, News & General
Topic: Newbie roth ira question
Replies: 3
Views: 403

Re: Bill Berstein If You Can!

Pick an AA you are comfortable with and stick with it. Don't try to time the market, and avoid investment porn.

Your 401k and IRA are accounts that hold assets for the same goal, retirement. If you aren't willing to implement a plan across your portfolio, it likely isn't for you.
by investor1
Sun Aug 24, 2014 7:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Move More Into International Stocks?
Replies: 1
Views: 650

Re: Newbie nervous and just invested 55k with Vanguard

You're talking about emotions rather than sound investment strategy. Asset allocation is the tool used to keep your emotions in check. Identify your goal (retirement, buying a house in ten years, etc.) and your time horizon, then pick an AA that you are comfortable with. From there, rebalance as you...
by investor1
Sun Aug 24, 2014 7:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Newbie nervous and just invested 55k with Vanguard
Replies: 20
Views: 2197

Re: New guy with questions about IRA, Roth, 401k

OK. If you suspect your MAGI will hit the phaseout, it makes sense to go through the backdoor. Moving your current tIRA assets into your 401k will simplify the backdoor method since you won't need to worry about the pro rata rule.

I think you have the right idea.
by investor1
Sat Aug 23, 2014 10:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: New guy with questions about IRA, Roth, 401k
Replies: 9
Views: 1026

Re: Fidelity settles lawsuits over its own 401(k) plan

$12M for 50k people is $240 per person.
by investor1
Sat Aug 23, 2014 2:22 pm
 
Forum: Investing - Theory, News & General
Topic: Fidelity settles lawsuits over its own 401(k) plan
Replies: 5
Views: 541

Re: Downsizing emergency fund

I already max all tax deferred accounts What does that mean? $17.5k in a 401(k)? $5.5k in an IRA? 401(k) + Roth IRA? How about $52k in a 401(k)? Maybe a Mega-backdoor Roth is in order. Is a HDHP w/ an HSA appropriate? Do you have kids? What about 529s? increasing retirement contributions is out You...
by investor1
Fri Aug 22, 2014 6:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Downsizing emergency fund
Replies: 12
Views: 1239

Re: Downsizing emergency fund

Your EF isn't related to your net worth. It is related to your spending and the cost of possible emergencies. This is why people tend to size their EF in terms of a number of months worth of spending. A lot of people use the cost of finding new employment after a job loss or the cost of major medica...
by investor1
Fri Aug 22, 2014 4:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Downsizing emergency fund
Replies: 12
Views: 1239

Re: New guy with questions about IRA, Roth, 401k

You listed yourself as filing single in the 25-28% bracket. The 28% bracket kicks in just under $90k, and since you listed a range, I assume your income is around that amount (you didn't list it, or I missed it). That's under the phaseout of $114k for a Roth IRA. I don't understand why you are consi...
by investor1
Fri Aug 22, 2014 11:40 am
 
Forum: Investing - Help with Personal Investments
Topic: New guy with questions about IRA, Roth, 401k
Replies: 9
Views: 1026

Re: No room on your Windows hard drive? Cleanup Update files

I reboot my Windows machine daily, and run clean manager every time a boot. I have it automated. As stated in that article, you can save the settings used when running clean manager, then run the same settings from the command line. Here is another doc that describes how to do that. Once I had the s...
by investor1
Thu Aug 21, 2014 10:04 pm
 
Forum: Personal Consumer Issues
Topic: No room on your Windows hard drive? Cleanup Update files
Replies: 47
Views: 3120

Re: Personal Finances

"Would it be dumb to put say 17-20K into the individual 401K and 5500 into a ROTH IRA? That way I get both traditional and ROTH accounts." No. Go with whichever plan has the funds you want at the lowest cost (expense ratio, taxes, etc.). If having a mix of traditional and Roth investments ...
by investor1
Wed Aug 20, 2014 5:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Personal Finances
Replies: 9
Views: 1569

Re: Personal Finances

The age old question of Roth vs traditional basically boils down to whether you think your tax rate is higher now than it will be during your retirement years. If you think the rate is higher now, defer paying the bill (i.e. go with a traditional account). If you think the rate will be higher in ret...
by investor1
Wed Aug 20, 2014 3:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Personal Finances
Replies: 9
Views: 1569

Re: Young investor wanting some insight

You're doing well. Double check your 401(k) and make sure there isn't a roughly equivalent option that is cheaper. I've seen a lot worse than 0.56, but keep in mind life strategy funds are the same as target date funds until the TD fund begin the glide path which is usually 30 years out. You could a...
by investor1
Thu Jul 24, 2014 6:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Young investor wanting some insight
Replies: 4
Views: 377

Re: 2 days in Portland, suggestions?

It's times like these when I wish we had a Bogleheads gang sign that we could throw up and see if anyone responds... Enjoy the festival!
by investor1
Tue Jul 22, 2014 7:29 pm
 
Forum: Personal Consumer Issues
Topic: 2 days in Portland, suggestions?
Replies: 34
Views: 1526

Re: 2 days in Portland, suggestions?

Eastwest wrote:Food: Por Que No

+1
by investor1
Tue Jul 22, 2014 6:23 pm
 
Forum: Personal Consumer Issues
Topic: 2 days in Portland, suggestions?
Replies: 34
Views: 1526

Re: 2 days in Portland, suggestions?

If you are coming this weekend, the biggest beer festival of the year is Wednesday through Sunday: http://www.oregonbrewfest.com/ There are some good food cart plots within walking distance of there, mainly Washington & 9th. Checkout http://www.foodcartsportland.com/ Tilt makes freakin' deliciou...
by investor1
Tue Jul 22, 2014 6:22 pm
 
Forum: Personal Consumer Issues
Topic: 2 days in Portland, suggestions?
Replies: 34
Views: 1526

Re: Buy a condo for college?

As a student, dorm life is far preferable for the first year or two. This bears mentioning, since a few posters have said the same thing--at the college we are looking at, freshmen dorm rooms are 2 people in a 13x13 room, and they share a bathroom with 2 other people in an identical room. Condos al...
by investor1
Sun Jul 20, 2014 12:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Buy a condo for college?
Replies: 29
Views: 2518

Re: Buy a condo for college?

They may plan to go there, but they may also change their minds. If you buy a house for college students, you need to be prepared for them being irresponsible. Expect damage to happen. I know kids that were very well behaved in HS and went to engineering schools that partied non-stop once they got a...
by investor1
Sun Jul 20, 2014 12:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Buy a condo for college?
Replies: 29
Views: 2518

Re: Hospital bill negotiation

Lastly, if the hospital charges you fees different from what they charge the insurance company (per the contract), then insurance fraud is committed and you risk losing your coverage. Has anyone ever lost their coverage or experienced any other repercussions for "insurance fraud" in such ...
by investor1
Wed Jul 16, 2014 12:41 pm
 
Forum: Personal Consumer Issues
Topic: Hospital bill negotiation
Replies: 49
Views: 4317

Re: Hospital bill negotiation

1. Get itemized bills, and understand each line. If you see an error, point that out. They will likely take time to review it and try to justify it. Talk to the people that make the decisions, and argue your case. 2. Use something like http://fairhealthconsumer.org/ to see if the hospital is chargin...
by investor1
Wed Jul 16, 2014 12:03 am
 
Forum: Personal Consumer Issues
Topic: Hospital bill negotiation
Replies: 49
Views: 4317

Re: Hospital bill negotiation

Lastly, if the hospital charges you fees different from what they charge the insurance company (per the contract), then insurance fraud is committed and you risk losing your coverage. Has anyone ever lost their coverage or experienced any other repercussions for "insurance fraud" in such ...
by investor1
Tue Jul 15, 2014 11:54 pm
 
Forum: Personal Consumer Issues
Topic: Hospital bill negotiation
Replies: 49
Views: 4317

Re: Will you change your AA based on market performance?

No, I won't change my desired AA. Yes, I will change my real AA when I rebalance back to my desired AA. That's how it works. Buy low, sell high :)
by investor1
Mon Jul 14, 2014 1:44 am
 
Forum: Investing - Theory, News & General
Topic: In a crash, will you re-balance to maintain your target AA?
Replies: 64
Views: 4258

Re: What after-tax income could you live on today?

My YTY spending tends to be in the $25k-$30k range. I'm a single guy in my 30's with no kids and no debt.
by investor1
Mon Jul 14, 2014 1:22 am
 
Forum: Personal Finance (Not Investing)
Topic: What after-tax income could you live on today?
Replies: 48
Views: 5138

Re: Urban garden bed--ideas to deter dog owners

Communicate clearly. Put up a sign that says no dogs. It isn't really reasonable to expect everyone to realize you don't want dogs in there if you didn't say that. Don't put up a sign that says something that isn't true. People aren't dumb and might retaliate if you treat them like they are. It's in...
by investor1
Sat Jul 05, 2014 10:42 pm
 
Forum: Personal Consumer Issues
Topic: Urban garden bed--ideas to deter dog owners
Replies: 44
Views: 4098

Re: Neighbor's Fireworks

I'm confused. Did he damage the roof? If there is damage maybe go talk to him about it, but it doesn't seem like it was even close to malicious, so be nice. If there is no damage, go clean the debris off of the roof and look forward to next year's show :) Congratulations on not having a lame neighbor!
by investor1
Sat Jul 05, 2014 10:35 pm
 
Forum: Personal Consumer Issues
Topic: Neighbor's Fireworks
Replies: 50
Views: 4485

Re: The Millionaire Next Door: Are You One?

No, I'm not a millionaire. I also don't live next door. My neighbors do.
Yes, I do live below my means.
No, I don't generally do anything to attempt to keep up with the Jones or the Smiths or the Rodriguezs, etc.
by investor1
Mon Jun 30, 2014 4:08 pm
 
Forum: Personal Consumer Issues
Topic: The Millionaire Next Door: Are You One?
Replies: 187
Views: 22720

Re: How do you afford to travel?

I'm a 30 yr old single guy, and I use my bonus to fund my vacations. * I'm flexible as to when and where I travel, so I look for good deals. I check the Hipmunk page for my home city to see where the cheap flights go to, and also use websites such as the ITA matrix. * I took the time to learn the ai...
by investor1
Thu Jun 26, 2014 12:17 pm
 
Forum: Personal Consumer Issues
Topic: How do you afford to travel?
Replies: 68
Views: 6390

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

OnFire wrote:A headlight got filled with condensation. It cost $900, plus installation and was covered.

What? If it was covered, it cost $0. Did you take it to the dealer? Every car is expensive if you take it to the dealer.
by investor1
Fri Jun 20, 2014 10:44 pm
 
Forum: Personal Consumer Issues
Topic: How much car can I afford while paying cash? Details inside.
Replies: 62
Views: 4090

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

I own a 328i that is out of warranty. My first thought is on buying a one year old BMW. They come with a five year zero pay warranty. You'd have four years left. I have experienced the (st)ealers being dishonest about actually doing repairs, so be careful with that. That being said, don't hesitate t...
by investor1
Fri Jun 20, 2014 9:56 pm
 
Forum: Personal Consumer Issues
Topic: How much car can I afford while paying cash? Details inside.
Replies: 62
Views: 4090

Where to put my house fund?

I have been saving for a down payment on a house for a few years and have about $50k put aside. I currently rent with a roommate and have a comfortable, stable home at a very low cost. Lately, I have been thinking about delaying the purchase of a home. I don't really view a house as an investment. I...
by investor1
Thu Jun 19, 2014 12:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where to put my house fund?
Replies: 3
Views: 454

Re: Saving/Investing for a home

If the money is specifically for a house, you shouldn't take on very much risk investing it. You could invest very conservatively if you are not going to need it for ten years, but you probably won't end up with a noticeable amount more than a 3.125% return. Why not just pay off the current house ea...
by investor1
Thu Jun 19, 2014 12:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Saving/Investing for a home
Replies: 6
Views: 643

Re: Bernstein: A Decade of Super-Low Returns

InvestorNewb wrote:Wasn't he recommending to stay out of REITs last year? They are up >16% YTD.

Regardless of how much they are "up", they are still very opaque. The way the crash went down shows why that's a real problem.
by investor1
Mon Jun 09, 2014 4:00 pm
 
Forum: Investing - Theory, News & General
Topic: Bernstein: A Decade of Super-Low Returns [1.4% for 60/40]
Replies: 207
Views: 17496

Re: How To Encourage A Young (Sensitive) Child In Sports

It depends on the sport, but yeah many martial arts (particularly ones kids go into), include both individual results and team points at competition time. That's why Iowa or Penn State win the NCAA wrestling tournament nearly every year. Their guys do very well individually, so their team gets more ...
by investor1
Mon Jun 09, 2014 1:50 pm
 
Forum: Personal Consumer Issues
Topic: How To Encourage A Young (Sensitive) Child In Sports
Replies: 115
Views: 5584

Re: How To Encourage A Young (Sensitive) Child In Sports

Having him try individual sports is not the same as him playing a team sport outside of an organized league. Using the martial arts example from earlier, he would be going to a class with other kids on a regular basis and learning with them. He would also be going to competitions with those same kid...
by investor1
Mon Jun 09, 2014 1:44 pm
 
Forum: Personal Consumer Issues
Topic: How To Encourage A Young (Sensitive) Child In Sports
Replies: 115
Views: 5584

Re: How To Encourage A Young (Sensitive) Child In Sports

My first though was maybe the kid just doesn't like to criticized by his Dad. If that's the case, he might snap out of it after a while of you not coaching (I understand you didn't ask for the position). If he isn't digging team sports, try individual sports. Try individual sports that you don't rea...
by investor1
Mon Jun 09, 2014 11:41 am
 
Forum: Personal Consumer Issues
Topic: How To Encourage A Young (Sensitive) Child In Sports
Replies: 115
Views: 5584

Re: The 2 comma paradox

If you can't handle the swings, adjust your asset allocation. Otherwise, let the discipline take over and stay the course.
by investor1
Sat Jun 07, 2014 9:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: The 2 comma paradox
Replies: 155
Views: 14527

Re: Two Comma Club!

I think you are an outlier which means lucky you!

I'm not afraid of hard work and grinding it out, but I welcome luck at all times :) Congratulations on your progress! It is always good to hear a success story.
by investor1
Tue Jun 03, 2014 10:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Two Comma Club!
Replies: 55
Views: 5702
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