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Re: Did not have fun this year doing my taxes- TT

Fun fact: the IRS could prepare a first draft of your taxes, which you could then check. You wouldn't have to fill in anything reported to the IRS, such as interest, dividends, wages. It would make things much simpler for most people, although obviously some have more complicated situations or woul...
by jasc15
Tue Apr 15, 2014 11:51 pm
 
Forum: Personal Consumer Issues
Topic: Did not have fun this year doing my taxes- TT
Replies: 21
Views: 1913

Re: Fluff & Fold Laundry Service (Drop-Off, Wash, Fold, Pick

A co-worker lives in downtown manhattan, and says he pays ~$1/lb. I can't imagine a place more expensive than that. Where I live, it is ~$0.80/lb, but I don't use this service.
by jasc15
Tue Apr 15, 2014 8:40 am
 
Forum: Personal Consumer Issues
Topic: Fluff & Fold Laundry Service (Drop-Off, Wash, Fold, Pick-up)
Replies: 2
Views: 459

Re: "Choose an AA appropriate for your personal risk toleran

Thanks to all for the input. I am 30 years old and probably about 30 years from retirement. During the 2008 downturn I had a relatively small portfolio and wasn't very knowledgeable about investing, though I didn't really care too much what happened since I was so early on in my timeframe, and I did...
by jasc15
Mon Apr 14, 2014 11:49 am
 
Forum: Investing - Help with Personal Investments
Topic: "Choose an AA appropriate for your personal risk tolerance"
Replies: 10
Views: 805

"Choose an AA appropriate for your personal risk tolerance"

This is a common idea around here, and central to the buy - hold - re-balance investment philosophy. The follow-up question is: How do I determine my personal risk tolerance? Is this just an emotional decision? How well can I stomach a loss? I'm not simply asking what my risk tolerance should be. Ra...
by jasc15
Thu Apr 10, 2014 9:03 am
 
Forum: Investing - Help with Personal Investments
Topic: "Choose an AA appropriate for your personal risk tolerance"
Replies: 10
Views: 805

Re: Help me buy a used car, please.

I had a similar situation recently. Our only car, a 2003 Toyota matrix, was rear-ended and determined a total loss. We received a similar amount as you, and bought a 2007 Volvo V50, which we both enjoy so far. We had to lay out ~$4500 for the difference, but we have a good car, no payments and are b...
by jasc15
Tue Apr 08, 2014 10:06 am
 
Forum: Personal Consumer Issues
Topic: Help me find the right new car.
Replies: 14
Views: 1150

Re: Buying for someone who "has everything"

This past Christmas, I offhandedly asked for toilet paper and paper towels when my family asked what I wanted, since my answer had repeatedly been "I don't need anything". I will probably be set on paper goods now until next Christmas.
by jasc15
Fri Apr 04, 2014 5:14 pm
 
Forum: Personal Consumer Issues
Topic: Buying for someone who "has everything"
Replies: 43
Views: 2274

Re: Mr. Money Mustache: Hero or Foolish?

I follow him semi-regularly and his blog ultimately lead me to this forum. Frugality is something entirely different when you divorce your personal identity from the quantity and brands you consume. Once you can do this, frugality is no longer a sacrifice the way most view it, and my outlook on this...
by jasc15
Mon Mar 31, 2014 10:26 am
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 225
Views: 22957

Re: Grandmother's trust is being pillaged, as far as I can t

Thanks to all for the input. I did a quick spreadsheet using a ~60/40 initial bond/equity allocation beginning on 10/1/2008 without any rebalancing: Symbol ER (%) Present Value NAV 10/1/2008 Value 10/1/2008 NAV Description VBTLX 0.10 $64.55 $10.65 $60.00 $9.90 Vanguard Total Bond Market Index Fund A...
by jasc15
Thu Mar 20, 2014 8:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Grandmother's trust is being pillaged, as far as I can tell.
Replies: 11
Views: 2488

Grandmother's trust is being pillaged, as far as I can tell.

The proceeds from the sale of my (still living) grandmother's home several years ago were placed into a trust for which my father and aunt, my grandmother's only children, are trustees. My father is in poor health, and I suspect I will be assuming his role as trustee soon, and my aunt has zero inter...
by jasc15
Wed Mar 19, 2014 5:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Grandmother's trust is being pillaged, as far as I can tell.
Replies: 11
Views: 2488

Re: KissTrust--trust accounts for the middle class?

Before I looked up what the Kiss Trust was, I thought Gene Simmons was involved. Would not have surprised me if he was.
by jasc15
Tue Mar 18, 2014 8:36 am
 
Forum: Personal Finance (Not Investing)
Topic: KissTrust--trust accounts for the middle class?
Replies: 30
Views: 9492

Re: What is your 2013 Federal Effective Tax Rate?

[Federal tax paid] / [Gross income] = 12%

This includes maxing 401k for 2013 and incurring some long term capital gains.

My marginal rate is 25%.
by jasc15
Thu Mar 13, 2014 10:10 am
 
Forum: Personal Finance (Not Investing)
Topic: What is your 2013 Federal Effective Tax Rate?
Replies: 73
Views: 4699

Re: your lowest exspense ratio fund in 401

Previous megacorp plan has a .01% S&P 500 fund (0.03%) Government/Credit Bond Fund (Barclays Capital U.S. Government/Credit Bond Index) (0.01%) Equity Fund (S&P 500) (0.03%) International Equity Fund (MSCI EAFE Index) (0.10%) Emerging Markets Equity Fund (MSCI Emerging Markets® Index) Our ne...
by jasc15
Fri Mar 07, 2014 12:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: your lowest exspense ratio fund in 401
Replies: 31
Views: 1567

Re: The dealership wants my 2 year old car back?

The ultimate one that triggered them to go out of business with a sudden and unexpected bankruptcy was even more outlandish, claiming that customers' cars had been recalled by the factory and therefore must be traded in on new ones. jimb I've become so cynical, that I am even wary of recall notices...
by jasc15
Fri Mar 07, 2014 9:33 am
 
Forum: Personal Consumer Issues
Topic: The dealership wants my 2 year old car back?
Replies: 46
Views: 4263

Re: Question for those who switched from AT&T to Straighttal

I didn't port my number to google, and I still have a separate google voice number which I use when out of the country. I was able to set up google voice to handle my mobile number's voicemail separately from my google voice number. (confusing enough?)
by jasc15
Wed Feb 26, 2014 12:31 pm
 
Forum: Personal Consumer Issues
Topic: Question for those who switched from AT&T to Straighttalk
Replies: 23
Views: 1658

Re: Question for those who switched from AT&T to Straighttal

As Gecko10x metioned, you should have virtually no downtime. There will be a delay from when you initiate the port until it goes through, but until that point your AT&T service will still work fine. I've been a happy Straight Talk user (formerly on AT&T) for about a year and a half now, and...
by jasc15
Wed Feb 26, 2014 9:43 am
 
Forum: Personal Consumer Issues
Topic: Question for those who switched from AT&T to Straighttalk
Replies: 23
Views: 1658

Re: $16 Billion for WhatsApp?!?!?!

WhatsApp with that?!? I really just don't get it. I currently use iPhone's own native app, iMessage, along with millions other users. Why would I need anything else? Or is this for "the other people" who don't drink the Apple flavored Kool-aid? Cosmo There is "Google Hangouts" f...
by jasc15
Thu Feb 20, 2014 11:30 pm
 
Forum: Investing - Theory, News & General
Topic: $16 Billion for WhatsApp?!?!?!
Replies: 51
Views: 3707

Re: $16 Billion for WhatsApp?!?!?!

After all, why pay your wireless carrier for text messaging when apps like this are cheaper, potentially more feature-rich, and can be used globally without ludicrous roaming or whatever fees? Big upside. It still amazes me that more people don't do this. Almost everyone I communicate with still do...
by jasc15
Thu Feb 20, 2014 5:52 pm
 
Forum: Investing - Theory, News & General
Topic: $16 Billion for WhatsApp?!?!?!
Replies: 51
Views: 3707

Re: Article about 401k Fees

I saw this the other day, and I was surprised to see it in my general information news feed. Is this idea finally permeating to the general population? I never really heard much about this until reading this forum, now I'm seeing it in the "outside world". Edit: Here is the figure included...
by jasc15
Wed Feb 19, 2014 9:30 am
 
Forum: Investing - Theory, News & General
Topic: Article about 401k Fees
Replies: 2
Views: 304

Re: POLL: Do you do you own taxes?

My situation has been pretty simple thus far in my working career. I have had only W2 income and a few 1099's. However, when I changed jobs a few years ago, I had a complicated situation where I had 3 W2's; Job 1 and living in New York, Job 2 living in NY and working in NJ, and then moving to NJ. I ...
by jasc15
Wed Feb 12, 2014 9:41 am
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Do you do your own taxes?
Replies: 54
Views: 3104

Re: Newly Married and Taxed

It was my understanding that the tax situation was more favorable to a married couple than to 2 individuals.
by jasc15
Mon Feb 10, 2014 5:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Newly Married and Taxed
Replies: 39
Views: 2339

Re: Why so many Roth IRAs?

Thanks to everyone for the responses. It seems like it is clear that a traditional IRA is preferable than a Roth IRA, if one is available (i.e., meeting AGI limits). Other considerations, like tax diversification and RMD's play a role in the decision as well.
by jasc15
Fri Feb 07, 2014 1:58 pm
 
Forum: Investing - Theory, News & General
Topic: Why so many Roth IRAs?
Replies: 44
Views: 4430

Re: Buying the most expensive house you can afford

Our issue is that there are no smaller, extremely well built homes for sale anywhere. Unless we remodel again which is not going to happen. I'm more in the browsing phase (i.e., looking at online listings), but this has been my impression of the market in northern New Jersey. It seems to be a fanta...
by jasc15
Wed Feb 05, 2014 10:20 am
 
Forum: Personal Finance (Not Investing)
Topic: Buying the most expensive house you can afford
Replies: 101
Views: 7529

Re: 2013 was good. Suggestion to park money in 2014.

I like this one.

Stan Dup wrote:Here is some reading to do:
"It must be apparent to intelligent investors--if anyone possessed the ability to do so (market time) he would become a billionaire--quickly--." (David Babson, author, adviser)
by jasc15
Tue Feb 04, 2014 11:51 am
 
Forum: Investing - Help with Personal Investments
Topic: 2013 was good. Suggestion to park money in 2014.
Replies: 35
Views: 3164

Re: Why so many Roth IRAs?

Dutch wrote:If you max out your 401k and you want to save more in addition, then a Roth IRA would be more advantageous than a taxable account.

Provided, of course, that you qualify

I understand that, but why Roth rather than traditional?
by jasc15
Fri Jan 31, 2014 6:56 pm
 
Forum: Investing - Theory, News & General
Topic: Why so many Roth IRAs?
Replies: 44
Views: 4430

Why so many Roth IRAs?

It seems almost every thread I read starts with "I currently max my 401k and Roth IRA...". I understand it is advantageous for folks in lower tax brackets, but it seems to be very popular for folks with higher income. Am I missing something? Personally, I just max my 401k and don't contrib...
by jasc15
Fri Jan 31, 2014 6:17 pm
 
Forum: Investing - Theory, News & General
Topic: Why so many Roth IRAs?
Replies: 44
Views: 4430

Re: Churning credit cards for air miles, need help

I'm interested in the responses to the OP. I am considering a new card for trip to Europe I am planning later this year. I found this card which offers 50,000 points and a chart to figure out how many points a flight would cost.
by jasc15
Sun Jan 19, 2014 6:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Churning credit cards for air miles, need help
Replies: 35
Views: 2867

Re: Who taught you about financial responsibility?

Self-taught, I guess, but I'm sure there are specific interactions which I can't remember that helped educate me along the way. I was also motivated by not doing what my parents did. They should be 23 years into their 30 year mortgage, but have refinanced so many times (adding car notes, and other d...
by jasc15
Fri Jan 17, 2014 2:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Who taught you about financial responsibility?
Replies: 57
Views: 2144

Re: devices to maximize a car's fuel economy

I got used to the MPG gauge on my last car, so I bought a device called "UltraGauge" for my current car. My girlfriend could care less about it, but I like the instant feedback as I am constantly trying to bump up the average MPG by watching the instantaneous display.
by jasc15
Tue Jan 14, 2014 2:37 pm
 
Forum: Personal Consumer Issues
Topic: devices to maximize a car's fuel economy
Replies: 64
Views: 2974

Re: Looking for Actual Experiences with Umbrella Insurance

There are mentions of insuring up to your net worth, however, it seems advisable to insure beyond that amount in some cases presented here, since there is nothing to limit a lawsuit beyond one's net worth. So I ask, why should net worth be any consideration when choosing the size of an umbrella poli...
by jasc15
Wed Jan 08, 2014 10:54 am
 
Forum: Personal Finance (Not Investing)
Topic: Looking for Actual Experiences with Umbrella Insurance
Replies: 79
Views: 6235

Re: Free Stuff Online

Freecycle. There are local "chapters", and I don't think there is some central organization they report to. The chapter for my county is just a yahoo group. So far I've given away a printer, a set of poker chips and playing cards, and I got a cable modem. Now I can return the rented one to...
by jasc15
Wed Dec 11, 2013 4:59 pm
 
Forum: Personal Consumer Issues
Topic: Free Stuff Online
Replies: 6
Views: 949

Re: AT&T MVNO Suggestions

I suppose people will recommend what they use themselves. I have used Straight Talk for a little over a year with no complaints. I'm not a heavy user, so I don't push the alleged limits to their unlimited data usage (and by your usage, I suspect you won't either). I enrolled in the auto bill pay, an...
by jasc15
Thu Nov 21, 2013 4:47 pm
 
Forum: Personal Consumer Issues
Topic: AT&T MVNO Suggestions
Replies: 27
Views: 2104

Re: Bogle-approved spend on a car?

But then again, I've never had to worry about whether people thought of me as poor or lower class. Privilege is being fortunate enough to not need consumer purchases to convince people you've made it. This statement struck me and I feel it is worth discussing, though it is off topic. It's an intere...
by jasc15
Wed Nov 20, 2013 3:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bogle-approved spend on a car?
Replies: 68
Views: 4044

Re: A math question ...

Well, looks like I was wrong. I didn't think mirror images were congruent. I've always been good at math, but this is a vocabulary question. I never remembered associative, commutative, etc. either. Just arbitrary definitions.
by jasc15
Mon Nov 18, 2013 10:10 am
 
Forum: Personal Consumer Issues
Topic: Re: A math question ...
Replies: 57
Views: 1958

Re: clueless about wireless

I would be leery of buying a different router as suggested by German Expat. Your ISP will not let just any router connect to their internet. They do registration of the MACs, that is the address assigned to a specific device and your ISP knows about it and registers it, This is true of the modem, n...
by jasc15
Thu Nov 14, 2013 10:12 am
 
Forum: Personal Consumer Issues
Topic: clueless about wireless
Replies: 62
Views: 2818

Re: clueless about wireless

I have this wireless router, which cost me $15 --> http://www.microcenter.com/product/316231/W268R_Wireless-N_Broadband_Router_with_4-port_Switch You can get these just about anywhere. They typically have 5 "ethernet jacks", which, as someone mentioned, look like fat phone wire jacks. One ...
by jasc15
Thu Nov 14, 2013 9:58 am
 
Forum: Personal Consumer Issues
Topic: clueless about wireless
Replies: 62
Views: 2818

Re: Twitter IPO?

They could use an auction. That's what Google did -- so it can't be evil. :twisted: Interesting. (maybe you all knew how this works already.) Say Google settles on an allocation 150 million shares, and it receives bids for one billion at a range of prices. Only the highest bids adding up to 150 mil...
by jasc15
Fri Nov 08, 2013 4:43 pm
 
Forum: Investing - Theory, News & General
Topic: Twitter IPO?
Replies: 60
Views: 2478

Re: Twitter IPO?

This talk of Twitter "leaving money on the table" implies that they should have known ahead of time what the market value of their company is. How can anyone wishing to go public guess this?
by jasc15
Fri Nov 08, 2013 4:13 pm
 
Forum: Investing - Theory, News & General
Topic: Twitter IPO?
Replies: 60
Views: 2478

Re: Twitter IPO?

A quote from an article I read that puts this in perspective: http://jackealtman.com/why-twitters-ipo-is-bad-for-startups Snapchat and Pinterest are worth around $4 billion dollars each. Evernote and Airbnb are each worth over $2 billion. Path is worth $500 million. By comparison, Peabody Energy, th...
by jasc15
Fri Nov 08, 2013 11:00 am
 
Forum: Investing - Theory, News & General
Topic: Twitter IPO?
Replies: 60
Views: 2478

Re: My short term savings is in a stock index fund. Leave it

Thank you all for the well thought answers. To be clear, it wasn't my intention to put my short term money into a stock fund. I just figured I should start some investing outside my tax advantaged, but realized later I would need that money sooner than I thought. I think I will go the route some of ...
by jasc15
Thu Nov 07, 2013 10:19 am
 
Forum: Investing - Help with Personal Investments
Topic: My short term savings is in a stock index fund. Leave it?
Replies: 19
Views: 1449

My short term savings is in a stock index fund. Leave it?

I have 49k in FSTVX (Fidelity Spartan Total Market Index Fund), which represents all my non-tax-advantaged investments. I have another 14k in an online savings account. Besides an emergency fund, also held in an online savings account, this 49k+14k will likely be used in the next few years for a hom...
by jasc15
Wed Nov 06, 2013 4:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: My short term savings is in a stock index fund. Leave it?
Replies: 19
Views: 1449

Re: Relatives Who Really Need Money Advice But Don't Get It.

Over the years I tried my best to help, but my advice went in one ear and out the other and even worse, they said I am too cautious and uptight when it comes to money. I now know to keep my advice to myself. My Mom and Sister seem to resent the fact I am responsible and treat it like it's a bad thi...
by jasc15
Thu Oct 24, 2013 4:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Relatives Who Really Need Money Advice But Don't Get It.
Replies: 56
Views: 6606

Re: Living on $5,000 a year

For only $7k, he could upgrade to an RV. All joking aside, with the exception of living in the RV, I don't see Jacob's lifestyle as all that extreme. My path to bogleheads actually began with reading the ERE blog, and eventually through much of the personal finance community. Many of the same conce...
by jasc15
Mon Oct 14, 2013 12:04 pm
 
Forum: Personal Consumer Issues
Topic: Living on $5,000 a year
Replies: 28
Views: 2732

Re: I am looking for an exceptional blender.

I've had this Magimix food processor bookmarked for a few months now, and my girlfriend has been bugging me to finally buy it. I'm not too clear on the differences between this and a blender, but it seems quite capable. It has good reviews on several different sites I've looked on, but is not easily...
by jasc15
Mon Sep 30, 2013 2:11 pm
 
Forum: Personal Consumer Issues
Topic: I am looking for an exceptional blender.
Replies: 26
Views: 1749

Re: Help me save on my $130 cell phone bill

I second the MVNO options. I use one, but it's on a GSM network (i.e., AT&T and T-Mobile compatible network), rather than a CDMA network like your plan (i.e., Sprint and Verizon). I pay $45/mo, which would simply be $90/mo for 2 phones. You should be able to have your phone unlocked for use outs...
by jasc15
Thu Sep 12, 2013 11:26 am
 
Forum: Personal Consumer Issues
Topic: Help me save on my $130 cell phone bill
Replies: 34
Views: 3667

Re: Goldman, Visa And Nike To Join The Dow

The only reason Apple and Google aren't in is their high ($500+) prices per share would overwhelm the rest of the (price-weighted) index. Almost make you think price-weighting is a dumb idea. When I learned that the Dow was weighted by company's stock price, and not market cap, I couldn't understan...
by jasc15
Wed Sep 11, 2013 8:29 am
 
Forum: Investing - Theory, News & General
Topic: Goldman, Visa And Nike To Join The Dow
Replies: 17
Views: 1179

Re: Company wants to check my credit?

Reminds me of when I decided I wanted to get a sprint cell phone. I went through all the application information online, and when I was nearly finished it required me enroll in an auto deduction plan to avoid a $5 monthly fee AND allow them to do a credit check. There was no provision to avoid auto ...
by jasc15
Mon Sep 09, 2013 1:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Company wants to check my credit?
Replies: 19
Views: 2141

Tax-adjusted AA. Question about the Wiki article.

I understand reducing the value of tax-advantaged accounts by your estimated tax rate at withdrawl, but I don't understand why taxable assets should also be reduced. The wiki article says You should also reduce the value of your taxable account by about 25% if you are early in your career, and 15% i...
by jasc15
Fri Sep 06, 2013 10:34 am
 
Forum: Investing - Help with Personal Investments
Topic: Tax-adjusted AA. Question about the Wiki article.
Replies: 1
Views: 209

Re: US Open tennis

I'm glad I saw this thread. I'll be going on Friday, the 30th with a group of 5. I plan on taking the subway from manhattan (I live in NJ). Of course, events like these can be painful for the frugal who are used to bringing their own food, since they prohibit that. I figure we can leave and get some...
by jasc15
Thu Aug 22, 2013 11:08 am
 
Forum: Personal Consumer Issues
Topic: US Open tennis
Replies: 43
Views: 3509

Re: "Death Takes a Policy" - annuity loophole

Bump (Original Post was August 2012) I just listened to the This American life podcast, which is the subject of this thread. Joseph Caramadre is in prison, and it seems that popular opinion is not very favorable toward him (to put it mildly). It seems that the criminal case (the existence of which s...
by jasc15
Sat Aug 10, 2013 11:37 pm
 
Forum: Investing - Theory, News & General
Topic: "Death Takes a Policy" - annuity loophole
Replies: 23
Views: 2604

Re: Can't get a straight answer on 401k admin fees

Not sure of the participation ratio, but there are ~5000 employees in the company. Not a small company. It is an opt-in plan.
by jasc15
Wed Aug 07, 2013 10:31 am
 
Forum: Investing - Help with Personal Investments
Topic: Can't get a straight answer on 401k admin fees
Replies: 11
Views: 776
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