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Re: Break room conversation about investing and Oil

Some people have to learn the hard way.
by investor1
Thu Mar 05, 2015 5:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Break room conversation about investing and Oil
Replies: 9
Views: 593

Re: Higher Downpayment a Good Idea?

After factoring in the cost of ownership, such as taxes, insurance, increased utilities and maintenance/repair costs, sales costs, mortgage costs, I think houses are usually an inefficient investment.

Buy the house you want to live in.
by investor1
Wed Mar 04, 2015 12:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Higher Downpayment a Good Idea?
Replies: 21
Views: 1591

Re: Roth IRA and Roth 401k

Which tax bracket do you expect to be in during retirement? If it is higher than the one you are in now, pay the tax bill now. Otherwise, defer taxes.
by investor1
Tue Mar 03, 2015 2:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth IRA and Roth 401k
Replies: 8
Views: 684

Re: WHY YOU OWE YOUR FREEDOM TO JACK BOGLE

I agree that Mr. Bogle's contributions to the investment world should be recognized. However, I find the article a little insulting as having more money is not how I would define freedom. Do I owe him my Financial "freedom"? Absolutely. Saying I owe him my freedom and the connotation that...
by investor1
Tue Mar 03, 2015 12:48 pm
 
Forum: Investing - Theory, News & General
Topic: SIGN PETITION for Jack Bogle's Presidential Medal of Freedon
Replies: 48
Views: 3612

Re: Contacted by Internal Revenue Services

I think it would be best to wait for them to finish automating the message ;)
by investor1
Mon Mar 02, 2015 7:25 pm
 
Forum: Personal Consumer Issues
Topic: Contacted by Internal Revenue Services [Scam]
Replies: 18
Views: 1273

Re: Talking Salary Tomorrow - HELP!

In a way, I want to say "is my only other choice to bring you an offer letter from another company" but I don't want to come across as a threat. Do not say this. Don't even hint at this. Presenting why you deserve more is plenty of hint to an employer. Don't do anything in excess. That do...
by investor1
Mon Mar 02, 2015 6:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Talking Salary Tomorrow - HELP!
Replies: 17
Views: 2493

Re: Talking Salary Tomorrow - HELP!

Not to knock you, but it is very likely they gave you the largest accounts because they already have solid relationships with those customers. They trust you to maintain that, but they want their more experienced employees working on acquiring new accounts as this is what grows revenue and, along w...
by investor1
Mon Mar 02, 2015 6:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Talking Salary Tomorrow - HELP!
Replies: 17
Views: 2493

Re: Can I afford it?

You didn't really give enough info to say for sure. Are you max'ing out two 401ks and two IRAs? What are you annual expenses? Anyway, combined you are high income. Your current retirement asset value seems acceptable to me given your age (but again, I don't know your expenses). Your savings rate see...
by investor1
Mon Mar 02, 2015 6:20 pm
 
Forum: Personal Consumer Issues
Topic: Can I afford it?
Replies: 50
Views: 3902

Re: Talking Salary Tomorrow - HELP!

I'd focus more on the salary range. You're young and haven't been there long. Young people come in with a relatively low salary that increases with solid annual raises (3-5% above inflation). Promotions come by producing results and taking on more responsibility (which it sounds like you are all for...
by investor1
Mon Mar 02, 2015 6:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Talking Salary Tomorrow - HELP!
Replies: 17
Views: 2493

Re: Dad Passed, Help Mom: Next Steps?

Would a rent to own approach help at all?
by investor1
Mon Mar 02, 2015 5:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Dad Passed, Help Mom: Next Steps?
Replies: 29
Views: 2477

Re: How to find a spouse who wants financial independence

I think it is important to note that their are plenty of people that want FI and drive this or decorate their home like that or want kids. Money isn't everything, and you should enjoy the time that you have throughout your career as well as in retirement. The goal is to live happily. I think it is m...
by investor1
Mon Mar 02, 2015 5:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to find a spouse who wants financial independence
Replies: 51
Views: 7909

Re: Portfolio advice for aging parent

I agree with the previous posts. If you do make a move, make sure to leverage tax loss harvesting and the foreign tax credit whenever possible. Maybe just move out whatever this can account for each year and let his heirs handle the rest.
by investor1
Mon Mar 02, 2015 3:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice for aging parent
Replies: 5
Views: 386

Re: What's your average ER?

I didn't know the answer to this until recently when I joined Personal Capital. They calculate it for you over all accounts and funds. My husband an I have a 0.13 total expense ratio in our investments. It would be lower except that my 401k doesn't have any funds under 60 bps, and it's about a fift...
by investor1
Mon Mar 02, 2015 3:21 pm
 
Forum: Investing - Theory, News & General
Topic: What's your average ER? [Expense Ratio]
Replies: 108
Views: 5158

Re: WWWD (what would warren do)

He did not mention the S&P 500 in the video. He simply said to own a piece of America through a heavily diversified low cost index fund and advocated for a buy and hold approach through dollar cost averaging. Yes, I don't really think he'd look at you in disgust if you bought TSM instead of S&a...
by investor1
Mon Mar 02, 2015 2:59 pm
 
Forum: Investing - Theory, News & General
Topic: WWWD (what would warren do)
Replies: 21
Views: 1594

Re: WWWD (what would warren do)

He did not mention the S&P 500 in the video. He simply said to own a piece of America through a heavily diversified low cost index fund and advocated for a buy and hold approach through dollar cost averaging.
by investor1
Mon Mar 02, 2015 2:29 pm
 
Forum: Investing - Theory, News & General
Topic: WWWD (what would warren do)
Replies: 21
Views: 1594

Re: Father in law possible elder scam victim?

Maybe it is time to consider having someone else manage his finances without him being able to write his own checks. Given the update, I doubt you'll see a dime back. You can talk to the handymen and give them a sob story to see if they have any decency, but I wouldn't expect much given they took th...
by investor1
Mon Mar 02, 2015 11:57 am
 
Forum: Personal Consumer Issues
Topic: Father in law possible elder scam victim?
Replies: 30
Views: 1689

Re: WWWD (what would warren do)

WB's advice to Lebron James:
Through the rest of his career and beyond make monthly contributions to a low cost index fund.

Hold significant cash reserves. Enough where you are comfortable. Beyond that own a diversified piece of America bought over time and held for 30 to 40 years.
by investor1
Mon Mar 02, 2015 11:38 am
 
Forum: Investing - Theory, News & General
Topic: WWWD (what would warren do)
Replies: 21
Views: 1594

Re: Father in law possible elder scam victim?

If they agreed to it, it likely isn't illegal. Sure, report it to the police, but I wouldn't expect them to do much as they typically fill their time with voilent crimes (and traffic tickets). They'll probably just tell you it is a civil matter unless others are reporting something similar about the...
by investor1
Mon Mar 02, 2015 10:08 am
 
Forum: Personal Consumer Issues
Topic: Father in law possible elder scam victim?
Replies: 30
Views: 1689

Re: What's your average ER?

^ Ha! When I saw your screen name as the latest reply on the home page, I thought, "I wonder if I'm lower than LowER." My employer offers a 401k that have CITs. I don't currently have any international, but I've thought about adding it. IIRC, it is around 0.1%. Then there are REITs for rou...
by investor1
Sun Mar 01, 2015 8:54 pm
 
Forum: Investing - Theory, News & General
Topic: What's your average ER? [Expense Ratio]
Replies: 108
Views: 5158

Re: Newbie help

You can amend your return. I know Turbo Tax has a document in their Help section that explains how to do this with their software. Whichever software you used likely has a similar document.
by investor1
Sun Mar 01, 2015 8:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Newbie help
Replies: 12
Views: 529

Re: What's your average ER?

0.025%

90/10 split
0.02% TSM (401k)
0.03% TBM (401k)
0.05% TSM (IRA)
by investor1
Sun Mar 01, 2015 8:24 pm
 
Forum: Investing - Theory, News & General
Topic: What's your average ER? [Expense Ratio]
Replies: 108
Views: 5158

Re: Does a Roth IRA make sense if you live in a high COL pla

^ and the $18k limit does not include the employer match. The match goes toward a different 401k limit. Read up on 415c and 402g if you like. The point is YOU can contribute $18k.
by investor1
Sun Mar 01, 2015 8:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Does a Roth IRA make sense if you live in a high COL place?
Replies: 85
Views: 3134

Re: Does a Roth IRA make sense if you live in a high COL pla

Yep, I totally agree that state and city tax rates are part of the decision. Particularly, if you plan on moving before retiring. The OP didn't mentioned anything about plans to move (that I read). He seems to be talking about which tax advantaged vehicle to use to ensure he has ample funding for c...
by investor1
Sun Mar 01, 2015 1:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Does a Roth IRA make sense if you live in a high COL place?
Replies: 85
Views: 3134

Re: Does a Roth IRA make sense if you live in a high COL pla

Yep, I totally agree that state and city tax rates are part of the decision. Particularly, if you plan on moving before retiring. The OP didn't mentioned anything about plans to move (that I read). He seems to be talking about which tax advantaged vehicle to use to ensure he has ample funding for cu...
by investor1
Sun Mar 01, 2015 12:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Does a Roth IRA make sense if you live in a high COL place?
Replies: 85
Views: 3134

Re: Newbie: 3 fund portfolio

Read the wiki page on asset allocation. AA is a rather personal decision, so it is tough for others to tell you what you should do. At your age anything from 85-15 to 70/30 seems rather common. If it were me, I'd probably be 85/15, but that's me. You're not that late. Just contribute a lot, and you'...
by investor1
Sun Mar 01, 2015 12:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Newbie: 3 fund portfolio
Replies: 6
Views: 312

Re: Does a Roth IRA make sense if you live in a high COL pla

I was under the impression that you use post-tax money to fund the Roth IRA and then you can withdraw from it tax-free. So ideally you'd want to invest when you have low taxes, and withdraw it when you have higher taxes. Since I live in a high COL area with high taxes, I worried this may be less ap...
by investor1
Sun Mar 01, 2015 10:40 am
 
Forum: Investing - Help with Personal Investments
Topic: Does a Roth IRA make sense if you live in a high COL place?
Replies: 85
Views: 3134

Re: Have RothIRA and 401K -Where to put $500 @ Fidelity?

Your TD fund is heavily diversified. There is no need to diversify further. Your 401k doesnt look absolutely terrible, but without knowing the other options, it is tough to give good advice. Close your taxable account and contribute more to your tax advantaged accounts. Don't leave tax advantaged sp...
by investor1
Sun Mar 01, 2015 3:35 am
 
Forum: Investing - Help with Personal Investments
Topic: Have RothIRA and 401K -Where to put $500 @ Fidelity?
Replies: 2
Views: 304

Re: Job offering me a new schedule...

Being young and single, I'd do it. Six days off in a row gives you the opportinuty to take small vacations without burning vacation time. You'd still have every other weekend off which is when most other people are off too, so it won't kill your social life.
by investor1
Sat Feb 28, 2015 9:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Job offering me a new schedule...
Replies: 8
Views: 891

Re: Does a Roth IRA make sense if you live in a high COL pla

People recommend 401k match, Roth IRA, back to 401k when the investor has a bad 401k. You seem to have good options in your 401k. I would defer taxes. None of this has anything to do with where you live.
by investor1
Sat Feb 28, 2015 9:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Does a Roth IRA make sense if you live in a high COL place?
Replies: 85
Views: 3134

Re: Foodsaver use

The bags need to have bumps on them. They provide channels for the air to get sucked out. Bags without them won't work.
by investor1
Sat Feb 28, 2015 8:11 pm
 
Forum: Personal Consumer Issues
Topic: Foodsaver use
Replies: 27
Views: 1571

Re: Trying to take control. looking for advice

Your AA seems pretty typical to me given your age. I would suggest taking a look at how the larger investment firms handle the glide path in their target date funds (see http://www.bogleheads.org/wiki/Glide_paths#Target_retirement_funds_glide_paths). Is that something you are comfortable with? If th...
by investor1
Sat Feb 28, 2015 1:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Trying to take control. looking for advice
Replies: 11
Views: 1321

Re: Not "Staying the Course"

Well... if you own Vanguard target date funds and VG adds international bonds and increases the allocation to international stocks, you're stuck having to decide whether or not to go off course with them or handling your own rebalancing and glide path.
by investor1
Fri Feb 27, 2015 4:52 pm
 
Forum: Investing - Theory, News & General
Topic: Not "Staying the Course"
Replies: 40
Views: 4692

Re: Rock-Paper-Scissors: EFund vs. IRA vs. Loan Debt

The EF should be whatever size helps you sleep at night :) If you take my suggestion of regularly saving 1.5% of the purchase price of the house for repairs/maintenance, the need to dip into the EF is reduced. IMHO, an EF is for things like a sudden job loss or unexpected medical expenses. You know ...
by investor1
Fri Feb 27, 2015 4:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rock-Paper-Scissors: EFund vs. IRA vs. Loan Debt
Replies: 15
Views: 730

Re: Roth contributions as long as you can?

ok, how does it work in this example? Annual limit contributions from age 55 to age 60; withdraw whole account (and earnings) at age 61 I'm not sure what you mean by how does it work. The account is over five years old from its original funding, and you're over 59 1/2. If you want to withdraw every...
by investor1
Fri Feb 27, 2015 4:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Roth contributions as long as you can?
Replies: 19
Views: 2185

Re: Rock-Paper-Scissors: EFund vs. IRA vs. Loan Debt

Always have an EF. I would contribute enough to her 401k to get the match, rebuild the EF ASAP, go back to funding retirement at least up to the contribution limits (currently, $18k+$5.5K+$5.5k), then pay down the debt. It is student loan interest. It is a bit high, but it is a tax write off. You mi...
by investor1
Fri Feb 27, 2015 4:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rock-Paper-Scissors: EFund vs. IRA vs. Loan Debt
Replies: 15
Views: 730

Re: Lay-off seeking for 401K and other porfolio advice

Debt: $350K mortgage (home value ~$700K), $600K rentals mortgage (rentals value ~$1.2M) 5. My job was quite stressful and so far I really enjoy the time off. The idea of retire early to do volunteers work does come across my mind, and my wife can quit her job in 4-5 years to join me. But I am not s...
by investor1
Fri Feb 27, 2015 12:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Lay-off seeking for 401K and other porfolio advice
Replies: 5
Views: 474

Re: Army Vet looking for some investment help

Read the wiki pages on the following topics: Three fund portfolio Approximating the total stock market Tax efficient fund placement Foreign tax credit Tax loss harvesting The three fund portfolio will simplify much of your portfolio. The answers to questions 1-3 are in the last three pages. Q4: If y...
by investor1
Thu Feb 26, 2015 5:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Army Vet looking for some investment help
Replies: 4
Views: 384

Re: Vanguard Strikes Back With Lower Target-Date Fees

In addition to creating a new, lower-cost series, Vanguard will be making a change to the strategic allocation of its multiasset lineup. By the end of 2015, the funds will boost their international-stock stake to 40% of stocks from 30%, and they will increase their international-bond exposure to 30...
by investor1
Thu Feb 26, 2015 5:19 pm
 
Forum: Investing - Theory, News & General
Topic: International increase in Target Retirement & LifeStrategy
Replies: 144
Views: 10354

Re: Vanguard Strikes Back With Lower Target-Date Fees

If I had $100M to invest, I don't think I would be very worried about fees eating through my savings and affecting my ability to retire at age X rather than Y. I could retire today and my family would be well off for generations.
by investor1
Thu Feb 26, 2015 5:18 pm
 
Forum: Investing - Theory, News & General
Topic: International increase in Target Retirement & LifeStrategy
Replies: 144
Views: 10354

Re: "The world's largest non-commercial financial forum".

I like it the way it is. Let the content speak for itself.

It is a nice accomplishment though :)
by investor1
Thu Feb 26, 2015 1:58 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: "The world's largest non-commercial financial forum".
Replies: 29
Views: 2192

Re: Cell phones at high end restaurants. Should be a rule.

^ Exactly. You sat there and let it ruin your experience. You didn't say anything to the people who were distrubing you or to the employees of the resturant. Instead, you logged in online to vent to random people on the internet who can't do anything for you. Next time, just say something and enjoy ...
by investor1
Wed Feb 25, 2015 7:55 pm
 
Forum: Personal Consumer Issues
Topic: Cell phones at high end restaurants. Should be a rule.
Replies: 10
Views: 927

Re: Cell phones at high end restaurants. Should be a rule.

Did you say anything to the individuals being loud?
by investor1
Wed Feb 25, 2015 6:59 pm
 
Forum: Personal Consumer Issues
Topic: Cell phones at high end restaurants. Should be a rule.
Replies: 10
Views: 927

Re: Allocations and Accounts

Read the wiki page on tax efficient fund placement. Also, have a look at the pages for the foreign tax credit and tax loss harvesting.
by investor1
Wed Feb 25, 2015 4:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Allocations and Accounts
Replies: 3
Views: 307

Re: Should I shut off water in a vacant home in winter?

I would bet a nickel there is a shutoff value that leaves the boiler on while the rest of the house is off.
by investor1
Wed Feb 25, 2015 11:36 am
 
Forum: Personal Consumer Issues
Topic: Should I shut off water in a vacant home in winter?
Replies: 15
Views: 1384

Re: Preventing IRS Fraud

It is my belief that paying estimated taxes could possibly shield you from tax refund fraud. At the very least, knowing how much you paid in advance via estimated taxes should certainly prove your identity. No fraudster would ever include estimated tax payments in a bogus tax return. I suspect that...
by investor1
Wed Feb 25, 2015 9:39 am
 
Forum: Personal Finance (Not Investing)
Topic: [Protection against fraudulent IRS tax returns]
Replies: 39
Views: 1660

Re: Within sight of retirement, need to make changes

That makes sense to me. Best of luck to you, and enjoy!
by investor1
Tue Feb 24, 2015 10:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Within sight of retirement, need to make changes
Replies: 8
Views: 1512

Re: Mom Asked Me For Help - I Need Your Help

You are saying she wants about $13K/year more than her social security and she has $900,000 in cash and $1,000,000 in investments. With all due respect, what is the question? In twenty years of spending that amount she would make no more than a modest dent in her cash assets alone and her investmen...
by investor1
Tue Feb 24, 2015 6:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Mom Asked Me For Help - I Need Your Help
Replies: 7
Views: 894

Re: New to the Workforce - 401k/IRA Advice Needed

IMO, your 401k isn't great. I think you are a good candidate to contribute enough to get the company match, fill up a Roth IRA, then go back to the 401k if you still have money to contribute. I'd meet my asset allocation across the portfolio rather than in each account. The s&p tracker is the ch...
by investor1
Tue Feb 24, 2015 6:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: New to the Workforce - 401k/IRA Advice Needed
Replies: 3
Views: 159

Re: How to compute my retirement amount, and am I saving eno

That being said, I think it is a good idea to understand how to get the money out before you decide to put it in even if those rules change over time. What do you mean by this exactly? Right now my understanding is that if you withdraw too early, you pay a 10% penalty or something like that. But at...
by investor1
Tue Feb 24, 2015 4:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to compute my retirement amount, and am I saving enough?
Replies: 66
Views: 3139
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