Search found 2759 matches

by kenyan
Wed Jul 29, 2015 11:13 am
Forum: Investing - Help with Personal Investments
Topic: Opening a Vanguard Simple IRA
Replies: 10
Views: 303

Re: Opening a Vanguard Simple IRA

There are two types of SIMPLE IRA plans: A 5305-SIMPLE requires you to use the designated financial institution (though there are some workarounds), and a 5304-SIMPLE allows the employee to select the provider. If your employer is ok with you choosing a different provider, you must be covered by a 5...
by kenyan
Wed Jul 29, 2015 11:05 am
Forum: Investing - Help with Personal Investments
Topic: Opening 529 for children, ages 12, 9, and 4
Replies: 14
Views: 1706

Re: Opening 529 for children, ages 12, 9, and 4

I'm a little confused as I thought all 529s were state-based. When people say they are opening up a 529 at Vanguard, is it implied that the Vanguard 529 is associated with the state of Nevada? I think I read this on the Vanguard website, but wasn't sure. That being said, and if that is true, how do...
by kenyan
Wed Jul 29, 2015 8:33 am
Forum: Investing - Theory, News & General
Topic: Malkiel on Chinese Stock Markets
Replies: 10
Views: 1393

Re: Malkiel on Chinese Stock Markets

Malkiel has become this super bull on China which has made him neglect all the ordinary rules of investments about diversification, corporate governance etc. China's economy is a superstar and may well stay so. That does not mean its stock market is good value or should be overweighted. Malkiel kno...
by kenyan
Tue Jul 28, 2015 4:51 pm
Forum: Investing - Theory, News & General
Topic: A bit of gold?
Replies: 45
Views: 2476

Re: A bit of gold?

I have been running some portfolio simulations with portfoliovisualizer.com and it looks like since 1972, adding gold to one's portfolio improve D returns and reduce D volatility. Fixed it for you. Now, you need to decide if the future will hold the same as the past. You may want to try this again ...
by kenyan
Tue Jul 28, 2015 4:44 pm
Forum: Investing - Theory, News & General
Topic: Why is stock market so reactionary to news on daily basis?
Replies: 46
Views: 2763

Re: Why is stock market so reactionary to news on daily basis?

Your question should be: Why is the news so reactionary to the stock market movement on a daily basis? The answer is: to get clicks/readers. The media is making up theories to justify the movement (in most cases). When there is legitimate news that affects future economic prospects (say, war breaks ...
by kenyan
Mon Jul 27, 2015 9:32 am
Forum: Investing - Help with Personal Investments
Topic: What advice would you give...Salary bumping up from 37k to 45k annually
Replies: 15
Views: 1366

Re: What advice would you give...Salary bumping up from 37k to 45k annually

Hi, What is the one piece of advice you would give someone in their mid-thirties whose salary is going up from $37,000 a year to $45,000 starting on a new job next Monday? I have been busy with interviews last month and while one option didn't come through, another door opened and I have a new job ...
by kenyan
Mon Jul 27, 2015 9:19 am
Forum: Investing - Help with Personal Investments
Topic: Need a Piece of Evidence on the Boglehead Strategy
Replies: 34
Views: 2841

Re: Need a Piece of Evidence on the Boglehead Strategy

Also, I'm in full concurrence with Taylor that it's mind-boggling that your adviser is charging you both a 5.75% load and a 1% AUM (assets under management) fee. That's on top of whatever recurring expenses there are in the funds you're in, which are also doubtless higher than you could get at Vangu...
by kenyan
Mon Jul 27, 2015 9:11 am
Forum: Investing - Help with Personal Investments
Topic: Need a Piece of Evidence on the Boglehead Strategy
Replies: 34
Views: 2841

Re: Need a Piece of Evidence on the Boglehead Strategy

Just a thought on performance... Not sure if this is how companies calculate performance, but I suspect it is true. I would guess when you get statements saying that your portfolio has x%, that is based on the numbers after the load has been taken out. So if you put $100 in, but they have 5% load, ...
by kenyan
Sun Jul 26, 2015 10:47 am
Forum: Investing - Help with Personal Investments
Topic: Opening 529 for children, ages 12, 9, and 4
Replies: 14
Views: 1706

Re: Opening 529 for children, ages 12, 9, and 4

A Growth Index isn't necessarily more aggressive than a broader index like the 500. It concentrates its investments in a particular sector of the market - growth stocks are those companies that may be looking to increase the size of their business, but trade at a higher price relative to their earni...
by kenyan
Wed Jul 22, 2015 3:27 pm
Forum: Investing - Help with Personal Investments
Topic: Opening 529 for children, ages 12, 9, and 4
Replies: 14
Views: 1706

Re: Opening 529 for children, ages 12, 9, and 4

There are plenty of plans with low minimum investments, so that's not a reason to go with the Alaska plan, which is quite a bit higher-fee than I'd prefer paying (cheapest non-cash option is 0.50%, with most options ~0.80%, plus an annual account fee). California has the cheapest options for broad d...
by kenyan
Wed Jul 22, 2015 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Can You Contribute to Parents Roth IRA?
Replies: 26
Views: 2248

Re: Can You Contribute to Parents Roth IRA?

JustinCC wrote:Would you be able to deduct after-tax contributions for a Roth even to lower the AGI?


Only deductible contributions will lower your AGI. Nothing after tax.
by kenyan
Tue Jul 21, 2015 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Can You Contribute to Parents Roth IRA?
Replies: 26
Views: 2248

Re: Can You Contribute to Parents Roth IRA?

They might even be eligible for a 10-20% Saver's Credit on $2k each come tax time. http://www.irs.gov/Retirement-Plans/Plan-Participant,-Employee/Retirement-Topics-Retirement-Savings-Contributions-Credit-(Saver%E2%80%99s-Credit) Thanks for this tip. They definitely could have used this in the past ...
by kenyan
Mon Jul 20, 2015 9:02 am
Forum: Investing - Theory, News & General
Topic: VBILX vs VBTLX for 3 fund portfolio
Replies: 14
Views: 1215

Re: VBILX vs VBTLX for 3 fund portfolio

Do you want more corporate bonds or not? Do you want ~25% mortgage-backed securities like Total Bond has? Intermediate Index also has a slightly higher duration, and a slightly higher yield than Total Bond. Total Bond also has a range of maturities, versus all intermediate bonds. These are the facto...
by kenyan
Sat Jul 18, 2015 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: Help switching to Backdoor Roth IRA
Replies: 4
Views: 379

Re: Help switching to Backdoor Roth IRA

I would max both spouses 401k to the pretax limit of 18k employee contribution (employer contribution is in addition) I would personally max 401k before doing a backdoor or any roth. lafder I would as well. Given that your income has increased by 250%, I think you should just max everything out now...
by kenyan
Sat Jul 18, 2015 12:14 pm
Forum: Investing - Help with Personal Investments
Topic: Help switching to Backdoor Roth IRA
Replies: 4
Views: 379

Re: Help switching to Backdoor Roth IRA

For a married couple filing joint returns, the direct maximum contribution limit for income is $183,000 this year (phased out completely $193,000). Note that the correct number to use is MAGI, Modified Adjusted Gross Income. Slight difference between that an AGI - MAGI is either the same or higher. ...
by kenyan
Sat Jul 18, 2015 12:09 pm
Forum: Investing - Help with Personal Investments
Topic: Need help deciding whether to roll over old 401k
Replies: 3
Views: 240

Re: Need help deciding whether to roll over old 401k

The main benefits of keeping your old 401k are (1) Many states have greater protections from lawsuits/judgments for 401k plans than for IRAs; (2) Your plan may have some superior options that aren't available in IRAs (e.g. Institutional Class funds, Stable Value funds, etc.) I don't know the answer ...
by kenyan
Sat Jul 18, 2015 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Can You Contribute to Parents Roth IRA?
Replies: 26
Views: 2248

Re: Can You Contribute to Parents Roth IRA?

As long as they have earned income that matches or exceeds what you put in each parent's Roth IRA, it doesn't much matter where the money comes from. As clergy, does your father's income count as earned income? That is, does the IRS tax it? Google tells me that most clergy income is taxed, so perhap...
by kenyan
Thu Jul 16, 2015 10:14 am
Forum: Investing - Help with Personal Investments
Topic: 401k bond fund: active intermediate or indexed long?
Replies: 6
Views: 300

Re: 401k bond fund: active intermediate or indexed long?

I would align your intended bond duration and quality before quibbling about a couple tenths of percent of ER. Duration/interest rate risk is a bigger risk, unless your active managers are getting overly fancy with derivatives and sector bets. At 0.29%, with a US Govt/Credit benchmark, it's unlikely...
by kenyan
Wed Jun 24, 2015 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Home purchase: $350k/$70k-down vs $400k/120k-down
Replies: 19
Views: 2546

Re: Home purchase: $350k/$70k-down vs $400k/120k-down

If you refinance your mortgage at any time within the first 15+X years (where X is a number than depends upon any prepayments you make, as well as the interest rates 15 years from now), the 15/15 is a better choice than the 30-year fixed. If you pay off your mortgage at any time within 15+X years, i...
by kenyan
Wed Jun 24, 2015 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Home purchase: $350k/$70k-down vs $400k/120k-down
Replies: 19
Views: 2546

Re: Home purchase: $350k/$70k-down vs $400k/120k-down

Yes, we are planning to go this route, especially since we'd like to pay it off in 15 years. The added flexibility comes at the higher interest rate than the 15 yr FRM, but at least its lower than 30 yr FRM. I ran the numbers on 15 yr FRM at 3% vs 15/15 ARM at 3.375% (today's rates). The difference...
by kenyan
Tue Jun 23, 2015 12:46 pm
Forum: Investing - Theory, News & General
Topic: What was the 2008 crash like in real time?
Replies: 218
Views: 23854

Re: What was the 2008 crash like in real time?

I made no changes in 2008 and didn't find it particularly stressful at all, but maybe that's because my portfolio wasn't all that large back then. Now? I would probably get a little worried - I'm not sure, really. I'm pretty confident I would stay the course, though. This is similar to my experienc...
by kenyan
Tue Jun 23, 2015 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Home purchase: $350k/$70k-down vs $400k/120k-down
Replies: 19
Views: 2546

Re: Home purchase: $350k/$70k-down vs $400k/120k-down

Note that if you do go down this route, check the wiki here on PenFed. It will give you suggestions on how to join (basically a $15 donation to charity if you don't have a military connection).
by kenyan
Tue Jun 23, 2015 10:16 am
Forum: Personal Consumer Issues
Topic: "Phantom" Tipping
Replies: 68
Views: 11177

Re: "Phantom" Tipping

I have a waitress friend who was justifiably fired for stealing from customers in this manner. Hadn't heard of restaurant managers/owners doing it before. I was considering that I don't verify these transactions...but I actually do these days, since I budget everything in YNAB, and I type in the tra...
by kenyan
Tue Jun 23, 2015 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Home purchase: $350k/$70k-down vs $400k/120k-down
Replies: 19
Views: 2546

Re: Home purchase: $350k/$70k-down vs $400k/120k-down

One interesting ARM to consider for your case would be the PenFed 15/15 ARM. 15 year fixed rate @3.25% currently (no points), with a rate reset after 15 years. It says it has a 1% origination fee. So, for a $400k home with 20% down, the loan is $320k and the origination fee is $3,200. They have an ...
by kenyan
Mon Jun 22, 2015 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Home purchase: $350k/$70k-down vs $400k/120k-down
Replies: 19
Views: 2546

Re: Home purchase: $350k/$70k-down vs $400k/120k-down

One interesting ARM to consider for your case would be the PenFed 15/15 ARM. 15 year fixed rate @3.25% currently (no points), with a rate reset after 15 years. Basically, it's a 30-year mortgage that's guaranteed to be much cheaper for the first 15 years. Therefore, you could pay it as if it's a 15 ...
by kenyan
Mon Jun 22, 2015 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Home purchase: $350k/$70k-down vs $400k/120k-down
Replies: 19
Views: 2546

Re: Home purchase: $350k/$70k-down vs $400k/120k-down

My questions: 1. Is $120k a lot to put as a down payment? It will reduce my emergency fund from 10 months to 5 months. 2. Can I afford a 15 year loan? Given we are planning another kid, which will increase our monthly expense to $9,300. That will drop our saving per month to $700, which will likely...
by kenyan
Mon Jun 22, 2015 9:52 am
Forum: Personal Finance (Not Investing)
Topic: What percent of your spending is "basic" and what percent is "discretionary"?
Replies: 42
Views: 4140

Re: What percent of your spending is "basic" and what percent is "discretionary"?

I started to do this, but eventually decided that my answer would depend more upon what my definitions were than what my spending was.
by kenyan
Mon Jun 22, 2015 9:44 am
Forum: Investing - Help with Personal Investments
Topic: yobria's easyallocator.org website?
Replies: 9
Views: 1411

Re: yobria's easyallocator.org website?

I believe that yobria left Bogleheads close to 3 years ago. Don't know if the frequent clashes with Swedroe and the small-value crowd got to him (in the months/year preceding it they were arguing all over the site in multiple threads), but it was a fairly abrupt departure, and I never heard any foll...
by kenyan
Mon Jun 22, 2015 9:33 am
Forum: Investing - Help with Personal Investments
Topic: Japan. The rotten apple that spoils the whole index?
Replies: 13
Views: 2679

Re: Japan. The rotten apple that spoils the whole index?

Mountain-Top, you are suffering from the very common investing affliction of verb-tense disease. You meant to say: "Japan. The rotten apple that has been spoiling the whole index." I don't know whether it will keep doing it, or experience mean reversion and come roaring back, but let's ke...
by kenyan
Wed Jun 17, 2015 9:09 am
Forum: Personal Consumer Issues
Topic: Non-Bogleheads approach to changing cars?
Replies: 44
Views: 5085

Re: Non-Bogleheads approach to changing cars?

1998 - bought first car, 9-yo Infiniti for 7k. 2005 - bought car for wife, 4-yo Nissan for 13k. She had been without a car for a year. 2006 - bought second car, brand new Infiniti coupe for 31k. Sold old car for $500; it was breaking down. 2007 - bought second car for wife, brand new Hyundai for 12k...
by kenyan
Tue Jun 16, 2015 3:59 pm
Forum: Personal Consumer Issues
Topic: Men's dress shirts - Charles Tyrwhitt shirts on sale for $29
Replies: 28
Views: 4872

Re: Men's dress shirts - Charles Tyrwhitt shirts on sale for $29

Nice shirts - I'm wearing an altered CT shirt right now. I was originally tempted, but when doing all the math it doesn't make too much sense for me. 2 shirts + shipping + $15 alterations per shirt = $100 = $50 each. Alterations are necessary to look decent; there is no such thing as an off-the-rack...
by kenyan
Fri Jun 12, 2015 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: Buying in Bay Area (redux)
Replies: 57
Views: 7035

Re: Buying in Bay Area (redux)

Not to be anecdotal, but on the peninsula I passed on a townhome in November which sold for 850 all cash. It just went back on the market, no new renovations because it was perfectly remodeled, and sold for 1.02 million. Another townhome complex I was tracking kept having units sell for 30k more th...
by kenyan
Fri Jun 12, 2015 8:39 am
Forum: Personal Consumer Issues
Topic: Cable Cord cutting.. alternatives/ideas? Speed Choices?
Replies: 30
Views: 2961

Re: Cable Cord cutting.. alternatives/ideas? Speed Choices?

This is probably a stupid question, but why do you need them saved on a cloud based service? Unless this is for a business where your clients will be accessing it or you continually share with family members, friends, etc., I would suggest going the hardware route and buying an external HDD. 60 gig...
by kenyan
Fri Jun 12, 2015 8:36 am
Forum: Personal Consumer Issues
Topic: Cable Cord cutting.. alternatives/ideas? Speed Choices?
Replies: 30
Views: 2961

Re: Cable Cord cutting.. alternatives/ideas? Speed Choices?

I faced this problem a little while ago when I decided to backup all of our precious photos/videos online. Like you, I had a 15/1 plan (though I think I tested it out at 20/1). It was definitely a pain. However, it so happened that my provider upgraded the speed eventually without a plan change. I'm...
by kenyan
Tue Jun 09, 2015 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Buying in Bay Area (redux)
Replies: 57
Views: 7035

Re: Buying in Bay Area (redux)

Waiting until 30 to buy is not a long time, especially when you're single and probably value a bit of flexibility in your living situation (freedom to move to be closer to a job, to accommodate a future spouse or children). Don't get caught up in hype and/or platitudes such as "if you don't buy...
by kenyan
Mon Jun 08, 2015 8:56 am
Forum: Investing - Help with Personal Investments
Topic: REIT Index Fund - Is Now a Good Time?
Replies: 14
Views: 2079

Re: REIT Index Fund - Is Now a Good Time?

I thought I recalled, some time ago, reading a comment here from someone showing data regarding when to best buy a REIT fund. I know, market timing. I believe it was one of the folks that has published financial articles or books but I can never find the post. Several well-researched comments from ...
by kenyan
Mon Jun 08, 2015 8:47 am
Forum: Investing - Help with Personal Investments
Topic: Is my math wrong? When to buy a house
Replies: 11
Views: 1379

Re: Is my math wrong? When to buy a house

OP used a simple inflation-tracking appreciation of the house, which I think is fair to assume. Whether or not that appreciation will actually benefit someone who purchases a house depends upon what one does with the house, but it's needed to calculate a break-even point if one does not intend to li...
by kenyan
Sun Jun 07, 2015 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Frugal Millionaires Article...Sounds Like Bogleheads
Replies: 80
Views: 12850

Re: Frugal Millionaires Article...Sounds Like Bogleheads

- Then there are the $100+ cell phone plans, cable TV packages, and everyone in the family having their own HDTV. Nowadays if you get a raise, a bonus, or even an income tax refund, a lot of people think "What can I buy?" Made me think that I might be a bit abnormal. I received an unexpec...
by kenyan
Wed Jun 03, 2015 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: another 529 question
Replies: 7
Views: 723

Re: another 529 question

Lowest overall cost: NY plan (16 basis points for all options) http://www.nysaves.org Plan with lowest-cost domestic equity index funds: CA plan (Large-Cap Domestic 11 bp; Total Stock Market 12 bp). http://www.scholarshare.com There may be other considerations for your friend - asset class availabil...
by kenyan
Wed Jun 03, 2015 9:51 am
Forum: Personal Consumer Issues
Topic: I'm thinking about becoming a financial adviser...but I need some guidance.
Replies: 37
Views: 4746

Re: I'm thinking about becoming a financial adviser...but I need some guidance.

No real experience to offer you on this, but from what I've read, getting a foothold in the field is almost entirely about being a salesman - cold calls, door-to-door, dinner seminars, etc. If you don't think you can be a salesman full-time (at least until you've got an established client base and/o...
by kenyan
Tue Jun 02, 2015 2:28 pm
Forum: Investing - Theory, News & General
Topic: Global Market is the optimal portfolio. Do you follow that rule?
Replies: 43
Views: 3368

Re: Global Market is the optimal portfolio. Do you follow that rule?

Note that the author of the linked piece, Dr. Burton Malkiel, has a financial interest in pushing emerging markets, and has for some time. He is Chief Investment Officer of AlphaShares, which exclusively offers China-focused products. "AlphaShares, LLC is an investment management firm dedicated...
by kenyan
Tue Jun 02, 2015 1:59 pm
Forum: Investing - Theory, News & General
Topic: Why so little International SV?
Replies: 8
Views: 1016

Re: Why so little International SV?

This question was one of the drivers for a backtesting analysis that resulted in one of this forum's longest threads: TrevH's Ultimate Buy and Hold thread: https://www.bogleheads.org/forum/viewtopic.php?t=38374 Since most people cannot access some of asset classes, the question was posed for whether...
by kenyan
Mon Jun 01, 2015 3:04 pm
Forum: Personal Consumer Issues
Topic: good vacuum cleaner for up to $200?
Replies: 26
Views: 2252

Re: good vacuum cleaner for up to $200?

Another vote for Shark. We have the Navigator Lift-Away Pro, and it is powerful and easy to use. We had one issue with the main rotating brush head swivel joint, but Shark replaced the large head under (5-year) warranty for just the shipping cost. I use it weekly on both our rugs and hardwood floors.
by kenyan
Mon Jun 01, 2015 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Your opinion on realistic income to live in a $1 million home?
Replies: 144
Views: 12346

Re: Your opinion on realistic income to live in a $1 million home?

800k Mortgage: 3700/ month = 44k year Property tx: 40k/yr (again you need to put in your numbers. You will see a huge variance in this number) 16k for insurance, maintence, and utilities seems really high but lets go with it. Maybe lawn & Maid service is expensive in Mi. How is our family doing...
by kenyan
Mon Jun 01, 2015 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Your opinion on realistic income to live in a $1 million home?
Replies: 144
Views: 12346

Re: Your opinion on realistic income to live in a $1 million home?

15k property tax: ~ 1250 Property tax rates are much higher in Michigan, especially in nicer neighborhoods. This house will likely carry $40-50k/year property taxes. Property taxes are really variable. I paid 2400/yr on a 500k house and 24k/yr on a 1.2 million dollar house. As I said put your own n...
by kenyan
Mon Jun 01, 2015 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Your opinion on realistic income to live in a $1 million home?
Replies: 144
Views: 12346

Re: Your opinion on realistic income to live in a $1 million home?

randomguy wrote:15k property tax: ~ 1250


Property tax rates are much higher in Michigan, especially in nicer neighborhoods. This house will likely carry $40-50k/year property taxes.
by kenyan
Mon Jun 01, 2015 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Your opinion on realistic income to live in a $1 million home?
Replies: 144
Views: 12346

Re: Your opinion on realistic income to live in a $1 million home?

what is a person to do in a High Cost of Living area? It seems the OP is from Michigan and I am not sure how the real estate is there but in North New Jersey its painful to find anything below $1M for good schools and a reasonable commute to mid town. :annoyed That depends on what one's definition ...
by kenyan
Thu May 28, 2015 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Housing Market in SoCal
Replies: 55
Views: 5906

Re: Housing Market in SoCal

LA-area Boglehead, long-time renter, but recent (~2 years ago) first-time purchaser. Curious to know Bogleheads opinions about the housing market in Southern California / San Diego. I'm currently renting a 2bd 1 bath house, all utilities included @ $2200. It's about 42% of net income after taxes, 40...
by kenyan
Thu May 28, 2015 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of a "free" PhD program is around half a million? How does anyone afford this?
Replies: 91
Views: 6827

Re: Cost of a "free" PhD program is around half a million? How does anyone afford this?

The opportunity cost was significant, but there's no sense crying about it now; I'm doing fine. If I were to try to do it again now, with a wife, children, and mortgage to support, things would be quite different. The "opportunity costs" for a PhD have been mentioned a few times, but it's...
by kenyan
Thu May 28, 2015 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Cost of a "free" PhD program is around half a million? How does anyone afford this?
Replies: 91
Views: 6827

Re: Cost of a "free" PhD program is around half a million? How does anyone afford this?

Another STEM PhD here - no, it wasn't worth it for the money. I believe that M.S. is the sweet spot in from a monetary standpoint - but as others have noted, the key reasons to pursue the PhD is for the different careers/lifestyles that can open up as a result, as well as the satisfaction of intelle...

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