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by investor1
Thu Apr 30, 2015 3:55 pm
Forum: Investing - Help with Personal Investments
Topic: How should I save for a house???
Replies: 17
Views: 1331

Re: How should I save for a house???

The way that I decided how much to save for a house was based on my attempt to understand the cost of ownership of a home. I think it was a valuable learning experience. Here is what I did: I estimated the monthly of cost the following items based on either figures that I was shooting for (mortgage ...
by investor1
Thu Apr 30, 2015 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: The Engineer's Guide to Investing
Replies: 32
Views: 2948

Re: The Engineer's Guide to Investing

I completely agree that any advice here would serve any career well. However, looking into "The Physician's Guide to Investing", there are a lot of nuggets that I find interesting, one of which is fairly anti-Boglehead. From somebody's summary of his book : (I included Physician-specific ...
by investor1
Thu Apr 30, 2015 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: The Engineer's Guide to Investing
Replies: 32
Views: 2948

Re: The Engineer's Guide to Investing

- Engineers sometimes derive a lot of income from company stock/ other windfalls and not large salaries, and in general are much more likely to be active traders than physicians I completely disagree that engineers are likely to be active traders. A major part of engineering is understanding what i...
by investor1
Thu Apr 30, 2015 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: The Engineer's Guide to Investing
Replies: 32
Views: 2948

Re: The Engineer's Guide to Investing

I don't think such a guide would differ from the guide for any individual. The things that makes MDs different are a) potential for gigantic student loans, b) late start to earnings and c) very large salaries. Engineers tend to make better money than the average person, but they aren't earning anes...
by investor1
Tue Apr 28, 2015 11:30 am
Forum: Investing - Help with Personal Investments
Topic: Two 401k plans!
Replies: 12
Views: 902

Re: Two 401k plans!

Did you mean I was over the limit to contribute to both a 401k and a Roth IRA? i.e. I can still contribute to a 401k and a traditional IRA- right? You can most likely contribute to both a 401k and a TIRA but you may not be able to take a tax deduction for the TIRA contributions. Making it nearly me...
by investor1
Tue Apr 28, 2015 11:19 am
Forum: Personal Consumer Issues
Topic: Getting the stink out of running clothes
Replies: 34
Views: 2154

Re: Getting the stink out of running clothes

You can try the vinegar and Oxyclean approach if you like. The thing that makes clothes smell is bacteria. You'll need to kill it. Vinegar, Oxyclean, and heat might do it. I'm assuming you are referring to something like Underarmor or some other very tightly woven material. The problem is that bacte...
by investor1
Mon Apr 27, 2015 9:38 pm
Forum: Investing - Theory, News & General
Topic: Vanguard: "Thank you for restoring access..."
Replies: 3
Views: 793

Re: Vanguard: "Thank you for restoring access..."

Stamps cost 38 cents now... I can honestly say I learned something today.
by investor1
Sun Apr 26, 2015 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA contributions for a newbie
Replies: 7
Views: 527

Re: Roth IRA contributions for a newbie

I'm no expert on adding unreported income at tax filing time. I doubt it would be an issue though.

If you are only making $5k/year, you won't pay taxes as that amount is less than the standard deduction. That's a perfect time to get money into a Roth account.
by investor1
Sun Apr 26, 2015 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: Two 401k plans!
Replies: 12
Views: 902

Re: Two 401k plans!

Another option is to talk to your employer about improving the 401k plan they offer. You likely won't get a quick turnaround, but if you plan on staying with them, it might be worth a shot.
by investor1
Sun Apr 26, 2015 1:09 pm
Forum: Investing - Help with Personal Investments
Topic: Two 401k plans!
Replies: 12
Views: 902

Re: Two 401k plans!

You're close- 0) Read the bogleheads wiki. then.. 1) Contribute enough to get your company's match. 2) Open an IRA with Vanguard (you can choose Roth or Traditional), and max it out if possible ($5500 is the yearly max). 3) Finally, max your somewhat crummy AF 401k. My company's 401k has mainly AF ...
by investor1
Sun Apr 26, 2015 12:16 pm
Forum: Investing - Help with Personal Investments
Topic: Two 401k plans!
Replies: 12
Views: 902

Re: Two 401k plans!

401ks are employer provided plans. How do you have access to two 401ks? Do you have two employers? Does the second 401k belong to a spouse? Are you self-employed?
by investor1
Wed Apr 01, 2015 5:16 pm
Forum: Investing - Help with Personal Investments
Topic: Where to put money for house purchase 10 years out?
Replies: 9
Views: 1742

Re: Where to put money for house purchase 10 years out?

Confuscious wrote:How much are you wanting for a down payment?


If I can just flat out buy the house, I wouldn't complain.
by investor1
Wed Apr 01, 2015 8:43 am
Forum: Investing - Help with Personal Investments
Topic: Newbie boglehead - 29yo portfolio review! thanks
Replies: 5
Views: 851

Re: Newbie boglehead - 29yo portfolio review! thanks

Your plan sounds pretty good. Since you'll have a taxable account in the mix, read the following wiki topics: Tax efficient fund placement, tax loss harvesting, and the foreign tax credit.
by investor1
Sun Mar 29, 2015 8:58 pm
Forum: Investing - Help with Personal Investments
Topic: Smartest Financial Move You Ever Made
Replies: 139
Views: 13875

Re: Smartest Financial Move You Ever Made

The smartest was probably becoming a Boglehead within the first five years of my career. Second place would be majoring in a solid discipline in college (engineering). I was able to pay off my student loans quickly and my salary has increased noticeable despite a pretty good starting salary (a lot o...
by investor1
Sun Mar 29, 2015 12:27 pm
Forum: Investing - Theory, News & General
Topic: My Strategy For A Market Crash
Replies: 54
Views: 9261

Re: My Strategy For A Market Crash

My strategy is to rebalance while I buy as much as I can.
by investor1
Sun Mar 29, 2015 12:12 pm
Forum: Investing - Help with Personal Investments
Topic: Where to put money for house purchase 10 years out?
Replies: 9
Views: 1742

Re: Where to put money for house purchase 10 years out?

Thanks, I think I'll open a seperate taxable account and setup a two or three fund portfolio. When I move again, I'll either pull the money out or continue renting while I wait out a market dip. I don't mind doing that.
by investor1
Sat Mar 28, 2015 7:52 pm
Forum: Investing - Help with Personal Investments
Topic: Where to put money for house purchase 10 years out?
Replies: 9
Views: 1742

Where to put money for house purchase 10 years out?

I'm considering a employment change that would have me moving to a new city. I can see myself living in this city for a decade or so if the employment arrangement works out, but I don't think I want to live their for the rest of my life. If I make the change, I think I'll rent while I'm there. I hav...
by investor1
Tue Mar 17, 2015 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: Quitting my job, and going to school. What to do with my $?
Replies: 18
Views: 1572

Re: Quitting my job, and going to school. What to do with my

What are the ERs on the funds in the 401k and IRA? Maybe it'll make sense to roll one into the other.
by investor1
Sun Mar 15, 2015 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Barclays - Personal Banking?
Replies: 3
Views: 372

Re: Barclays - Personal Banking?

Cool, thanks for the feedback. It'd be great to know if the accounts have their own account number as that helps when setting up automatic transfers. Two factor authentication is when they send you an email or text message with a code whenever you attempt to login using your user ID and password. Yo...
by investor1
Sun Mar 15, 2015 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Barclays - Personal Banking?
Replies: 3
Views: 372

Barclays - Personal Banking?

My current bank that holds much of my savings recently lowered their rates, so I'm considering switching. I've noticed Barclays is currently offering 1.00% for their savings accounts and their 5 year CDs are 2.25%. Both of which are amongest the highest rates available today. One of the things that ...
by investor1
Sun Mar 15, 2015 10:03 am
Forum: Personal Consumer Issues
Topic: Advice needed (work/bonus/career advice)
Replies: 39
Views: 1974

Re: Advice needed (work/bonus/career advice)

Stop pinching pennies. You're unhappy and under paid. You have other offers for more money, and it doesn't sound like they can be any worse. This is a no brainer, go. Go now. Kiss the bonus goodbye. You don't need it anyway. You'll be making a higher base salary at the new company along with commiss...
by investor1
Sat Mar 14, 2015 2:54 pm
Forum: Personal Consumer Issues
Topic: Portland transportation
Replies: 20
Views: 1942

Re: Portland transportation

There are a couple of light rails: the MAX and the Portland Street Car. The MAX is the big one. It is run by Trimet (trimet.org) and goes to/from the airport. You'll be able to take that downtown when you arrive. A day pass is around $5 IIRC. You can buy a ticket at any station/stop or using their m...
by investor1
Sun Mar 08, 2015 12:41 am
Forum: Personal Consumer Issues
Topic: Home buying costs?
Replies: 2
Views: 458

Home buying costs?

I'm considering putting in an offer on a house. This would be my first time purchasing a home. I'm wondering what the costs assiocated with the purchase would be (roughly). I'm not talking about ongoing costs, but the one time purchase costs. I live in Oregon where is a typical for the seller to pay...
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: 734

Re: Break room conversation about investing and Oil

Some people have to learn the hard way.
by investor1
Wed Mar 04, 2015 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Higher Downpayment a Good Idea?
Replies: 33
Views: 3261

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
Tue Mar 03, 2015 2:59 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA and Roth 401k
Replies: 8
Views: 766

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 12:48 pm
Forum: Investing - Theory, News & General
Topic: SIGN PETITION for Jack Bogle's Presidential Medal of Freedon
Replies: 55
Views: 4768

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
Mon Mar 02, 2015 7:25 pm
Forum: Personal Consumer Issues
Topic: Contacted by Internal Revenue Services [Scam]
Replies: 18
Views: 1402

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 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Talking Salary Tomorrow - HELP!
Replies: 17
Views: 2701

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 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Talking Salary Tomorrow - HELP!
Replies: 17
Views: 2701

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 6:20 pm
Forum: Personal Consumer Issues
Topic: Can I afford it?
Replies: 59
Views: 5956

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 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Talking Salary Tomorrow - HELP!
Replies: 17
Views: 2701

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 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Dad Passed, Help Mom: Next Steps?
Replies: 29
Views: 2860

Re: Dad Passed, Help Mom: Next Steps?

Would a rent to own approach help at all?
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: 8390

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 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice for aging parent
Replies: 5
Views: 417

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 3:21 pm
Forum: Investing - Theory, News & General
Topic: What's your average ER? [Expense Ratio]
Replies: 123
Views: 7714

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 2:59 pm
Forum: Investing - Theory, News & General
Topic: WWWD (what would warren do)
Replies: 21
Views: 1667

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 2:29 pm
Forum: Investing - Theory, News & General
Topic: WWWD (what would warren do)
Replies: 21
Views: 1667

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 11:57 am
Forum: Personal Consumer Issues
Topic: Father in law possible elder scam victim?
Replies: 30
Views: 1859

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 11:38 am
Forum: Investing - Theory, News & General
Topic: WWWD (what would warren do)
Replies: 21
Views: 1667

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 10:08 am
Forum: Personal Consumer Issues
Topic: Father in law possible elder scam victim?
Replies: 30
Views: 1859

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
Sun Mar 01, 2015 8:54 pm
Forum: Investing - Theory, News & General
Topic: What's your average ER? [Expense Ratio]
Replies: 123
Views: 7714

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 8:42 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie help
Replies: 12
Views: 595

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 8:24 pm
Forum: Investing - Theory, News & General
Topic: What's your average ER? [Expense Ratio]
Replies: 123
Views: 7714

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 8:17 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: 3791

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 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: 3791

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 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: 3791

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 12:04 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie: 3 fund portfolio
Replies: 6
Views: 363

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 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: 3791

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...

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