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Re: Spouse not ready to cut ties with financial advisers

Making this way to complex. Every year you keep your money with these people you could be retiring a year earlier - due to the AUM. Can your spouse really not see that? I think a bigger issue would be a spouse that views $30k as not significant. That might be the starting point. This was, indeed, o...
by leonard
Fri Aug 22, 2014 9:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Spouse not ready to cut ties with financial advisers
Replies: 107
Views: 6816

Re: Favorite guitarist...

What this post reveals is not so much who is the best guitarist of all times, but rather the homogeneity of the Bogleheads sample group. Were all of the best guitarists of all times rock or blues musicians who did their best work between the late sixties and the early 80s? Admittedly, there are som...
by leonard
Fri Aug 22, 2014 8:05 pm
 
Forum: Personal Consumer Issues
Topic: Favorite guitarist...
Replies: 200
Views: 20121

Re: Favorite guitarist...

Have to add to my response several years ago

Scotty Anderson

Incredible.
by leonard
Thu Aug 21, 2014 7:06 pm
 
Forum: Personal Consumer Issues
Topic: Favorite guitarist...
Replies: 200
Views: 20121

Re: Convincing fears on investing for now?

It does in fact appear that you could care less. Trying to time the market based on: 1. Fed Policy. 2. GDP current and expected. 3. PE and Valuation Measures. 4. National Debt numbers. It's been posted a thousand times on this forum "I know I can't time this market, but how do I time this marke...
by leonard
Mon Aug 18, 2014 2:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convincing fears on investing for now?
Replies: 34
Views: 3233

Re: Motorcycle for short commute?

I wouldn't do it, for one reason: Motorcycles are EXTREMELY DANGEROUS, perhaps 30x as dangerous as cars per mile driven/ridden. (Edit: I see others have mentioned this already...) Motorcycles are more dangerous than cars. But, I think the danger - as represented by statistics - is overstated. Becau...
by leonard
Mon Aug 18, 2014 2:32 pm
 
Forum: Personal Consumer Issues
Topic: Motorcycle for short commute?
Replies: 52
Views: 3109

Re: In-Law Financial Issues (long)

Define with your spouse a limit to how much you will contribute financially for their retirement. Could be $0, could be a lifetime max. Doesn't matter as long as you have a clear agreement on what you will contribute to them. Then, let them live their life. Grown adults can do whatever they want. Th...
by leonard
Mon Aug 18, 2014 2:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: In-Law Financial Issues (long)
Replies: 44
Views: 4115

Re: Alarm company wants me to waive rights

The insurance company only has a "right" of subrogation if the homeowner has a "right" to collect from the alarm company. So a homeowner's contractual waiver of the right to collect from the alarm company destroys the insurance company's "right" to subrogation. In othe...
by leonard
Mon Aug 18, 2014 1:55 pm
 
Forum: Personal Consumer Issues
Topic: Alarm company wants me to waive rights
Replies: 13
Views: 1107

Re: Your biggest "Missed Money" event that still kills you?

Naw. Realized a long time ago that I can't predict the future.
by leonard
Mon Aug 18, 2014 1:38 pm
 
Forum: Investing - Theory, News & General
Topic: Your biggest "Missed Money" event that still kills you?
Replies: 102
Views: 7628

Re: Vanguard Index vs American Funds?

Use index funds.
by leonard
Mon Aug 18, 2014 1:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Index vs American Funds?
Replies: 33
Views: 3091

Re: Alarm company wants me to waive rights

The insurance company only has a "right" of subrogation if the homeowner has a "right" to collect from the alarm company. So a homeowner's contractual waiver of the right to collect from the alarm company destroys the insurance company's "right" to subrogation. In othe...
by leonard
Mon Aug 18, 2014 1:32 pm
 
Forum: Personal Consumer Issues
Topic: Alarm company wants me to waive rights
Replies: 13
Views: 1107

Re: Bankrolled Her Brother, Regrets It (article)

The writer should have had a clear idea of what the outcome of yet more money would be. Why would she have expected anything different? Enabling does not help anyone. These "gifts","loans", and "helping out" are simply enabling. Enablers don't have a right to be disappo...
by leonard
Mon Aug 18, 2014 1:26 pm
 
Forum: Personal Consumer Issues
Topic: Bankrolled Her Brother, Regrets It (article)
Replies: 24
Views: 3870

Re: Alarm company wants me to waive rights

How exactly can a customer waive the rights of an insurance company - just because they are a customer of that company? How does that make any sense? Since we are in charge of our insurance companies, I just imagined that my insurance company owes me $2M. I'll let everyone here know when I receive t...
by leonard
Mon Aug 18, 2014 1:09 pm
 
Forum: Personal Consumer Issues
Topic: Alarm company wants me to waive rights
Replies: 13
Views: 1107

Re: Spouse not ready to cut ties with financial advisers

Making this way to complex.

Every year you keep your money with these people you could be retiring a year earlier - due to the AUM. Can your spouse really not see that? I think a bigger issue would be a spouse that views $30k as not significant. That might be the starting point.
by leonard
Mon Aug 18, 2014 1:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Spouse not ready to cut ties with financial advisers
Replies: 107
Views: 6816

Re: Bad(?) advice given about Target Date Retirement funds

Lately I have noticed the following (paraphrased) advice given about TD funds: For simplicity, invest in a TD fund but don't go by date, instead pick one with an AA that matches your risk tolerance. This seems to me to be bad advice because when you pick an AA you are also picking a glide path. If ...
by leonard
Mon Aug 18, 2014 12:46 pm
 
Forum: Investing - Theory, News & General
Topic: Bad(?) advice given about Target Date Retirement funds
Replies: 74
Views: 4819

Re: Selling 401k questions

I think it would be worthwhile to reframe the question as "I need to get X amount of money for a personal reason. What is the lowest total cost source for that money - bank loan, relative loan, downsizing real estate, credit cards, emergency fund, moving to lower rent housing, downsizing car, c...
by leonard
Mon Aug 18, 2014 12:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Selling 401k questions
Replies: 11
Views: 591

Re: Is buying two SUVs a sane/good financial move?

So, for a poor driver, the solution is to buy a bigger vehicle that keeps them safe but will inflict more damage on the non-poor driver. Keeping this from being locked, I will just characterize this as a classic economic externality.
by leonard
Mon Aug 18, 2014 12:10 pm
 
Forum: Personal Consumer Issues
Topic: Is buying two SUVs a sane/good financial move?
Replies: 63
Views: 3651

Re: Deck - Best Method of Treatment

I Have had excellent results with Flood Products(deck stain)harsh winters,hot summers :happy Reasonable price ,Excellent Quality :happy http://www.flood.com/wood-care-solutions/product/2/details I used Flood a couple years ago. Didn't hold up worth a darn. Stuff was worthless. My next deck "re...
by leonard
Mon Aug 18, 2014 12:04 pm
 
Forum: Personal Consumer Issues
Topic: Deck - Best Method of Treatment
Replies: 15
Views: 959

Re: Medical practice buy-in

Immediately fire anyone who says that the "Discounted Cash Flow" analysis has been discredited. Keep in mind that it is only as good as it's assumptions (projected cash flows, rate of return, etc.) but it is good and is used in business to evaluate many, many financial decisions. I suspect...
by leonard
Thu Aug 14, 2014 6:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medical practice buy-in
Replies: 43
Views: 4458

Re: Motorcycle for short commute?

For a short commute - an electric MC would be great. Take a look at Brammo motorcycles. There are a few others out there too. Or, wait for the Harley Electric to go in to production. I'll also throw in that a one piece Aerostich suit is the way to go for work commuting. Easy on and off over work clo...
by leonard
Thu Aug 14, 2014 12:36 pm
 
Forum: Personal Consumer Issues
Topic: Motorcycle for short commute?
Replies: 52
Views: 3109

Re: Are hospitals allowed to do this? [Costs quoted vs. actu

So I had a routine procedure done at a hospital and was quoted a total price of ~$1,200 for everything before having the procedure done. It was a soft quote, and they stated it could vary. But then a month later I've now received 3 separate bills (1 for the hospital, 1 for the doctor, 1 for the lab...
by leonard
Thu Aug 14, 2014 12:30 pm
 
Forum: Personal Consumer Issues
Topic: Are hospitals allowed to do this? [Costs quoted vs. actual]
Replies: 85
Views: 5723

Re: Convince me I can make a dumb (car-related) purchase

Car is a tool. It's like buying a $500 hammer. It simply doesn't drive a nail any better.
by leonard
Thu Aug 14, 2014 12:14 pm
 
Forum: Personal Consumer Issues
Topic: Convince me I can make a dumb (car-related) purchase
Replies: 56
Views: 4178

Re: What our company's 401k Advisor said about 1.5% Fees

:-) thanks to all (HardKnocker, simpleton, pkcrafter and others) great info. Loving this forum for all the great advise. So .......... latest outcome this morning ... CFO stopped me this morning after watching that video about "Retirement Gamble" you guys suggested. ... he said it's proba...
by leonard
Tue May 13, 2014 5:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: What our company's 401k Advisor said about 1.5% Fees
Replies: 113
Views: 15212

Re: Stock Market to Plunge? What a friend said.

What insight does your friend have that you find compelling on this topic. You have conveyed his conclusion - what is the background reasoning. And, why isn't your friend investing based on his insight, making a bundle, and not being a coworker any longer.
by leonard
Tue May 13, 2014 5:23 pm
 
Forum: Investing - Theory, News & General
Topic: Stock Market to Plunge? What a friend said.
Replies: 78
Views: 6140

Re: 10% penalty on 529 plan really a penalty?

Rationalizing a reason to accept the 10% penalty does not change the reality that it still is in fact a 10% penalty.

Why not just use the 529 as an education trust for your family or your extended family. The beneficiaries can be changed at any time to allow anyone to use it.
by leonard
Tue May 13, 2014 5:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: 10% penalty on 529 plan really a penalty?
Replies: 30
Views: 2143

Re: Help with Patio! -- Pavers v. Concrete

No matter how well poured - concrete always develop cracks that don't look great. Personally, I like the look of concrete pavers and would pay the premium. I wouldn't pay the premium for laid natural stone.
by leonard
Tue May 13, 2014 5:05 pm
 
Forum: Personal Consumer Issues
Topic: Help with Patio! -- Pavers v. Concrete
Replies: 25
Views: 2422

Re: Put down that smart phone; Log off!!

So, interacting by phone is different than in person. Saved everyone 5 minutes.
by leonard
Wed May 07, 2014 3:43 pm
 
Forum: Personal Consumer Issues
Topic: Put down that smart phone; Log off!!
Replies: 25
Views: 4202

Re: What our company's 401k Advisor said about 1.5% Fees

:-) thanks to all (HardKnocker, simpleton, pkcrafter and others) great info. Loving this forum for all the great advise. So .......... latest outcome this morning ... CFO stopped me this morning after watching that video about "Retirement Gamble" you guys suggested. ... he said it's proba...
by leonard
Wed May 07, 2014 1:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: What our company's 401k Advisor said about 1.5% Fees
Replies: 113
Views: 15212

Re: What our company's 401k Advisor said about 1.5% Fees

StevenNJ1 wrote:he did get nervous :-)

so he is saying that because our company size is small, we are getting the best that's out there.

true????


Completely untrue - some might call it a lie.

You can get the indexes with the published, extremely low ER's. Your 401k admin just needs to implement them.
by leonard
Wed May 07, 2014 1:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: What our company's 401k Advisor said about 1.5% Fees
Replies: 113
Views: 15212

Re: Should I be worried about my girlfriend's debt?

The person with the debt needs to develop and execute on the plan. You can't do it for them. So, set up a time to talk and ask some broad questions about her financial future. Then, let her articulate her plan - or lack there of. Your plan isn't going to mean anything until you understand her plan a...
by leonard
Tue May 06, 2014 11:02 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I be worried about my girlfriend's debt?
Replies: 57
Views: 4843

Re: First Taxable account being opened - VWITX?

We don't max all of our tax advantaged space <snip> I have roughly 10,000 to put into it and will likely add 5,000 a year for the next three years. You indicated that you're not maxing out tax advantaged space. Are you maxing out Roth IRA contributions? If not, that's something to consider as Roth ...
by leonard
Sat May 03, 2014 1:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: First Taxable account being opened - VWITX?
Replies: 8
Views: 688

Re: Regret - Stock % too high in taxable, and too low in Rot

Tax advantage space is almost always better. With LTC rates and tax loss harvesting in taxable accounts how are tax advantaged better with Roths being a possible exception? So you can save on taxes -- hence the term tax-advantage account :) Along with capital gains taxes, don't forget about taxes o...
by leonard
Fri May 02, 2014 12:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Regret - Stock % too high in taxable, and too low in Roths
Replies: 41
Views: 3107

Re: An easy way to save money: Avoid the $300,000 car.

Last car was $12k. Have no idea what rationalizes $42k, $59k or higher. So, in my experience Taylor's retirement cost estimate is wildly understated - considering the high priced cars used for the estimate. Ever time we have these threads - it's clear that the marketing departments at the automakers...
by leonard
Fri May 02, 2014 12:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: An easy way to save money: Avoid the $300,000 car.
Replies: 152
Views: 17635

Re: 1st time home buyer considering 401K loan - Thoughts?

Oh, I didn't realize it was that kind of "should I take out a 401k loan" question.

In that case, of course.

It really is too bad that there isn't a more affordable house in the area. Anywhere.
by leonard
Thu May 01, 2014 4:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: 1st time home buyer considering 401K loan - Thoughts?
Replies: 12
Views: 1334

Re: Need help - collection agency

why are you solving this? And, why can't your daughter remember something that happened 2 years ago (you said she started getting these calls 1 year ago - so it would have only been 2 years since the rental at that point). That doesn't make sense to me. Your daughter should call the text book rental...
by leonard
Thu May 01, 2014 1:33 pm
 
Forum: Personal Consumer Issues
Topic: Need help - collection agency
Replies: 15
Views: 1843

Re: Mea culpa

YTD performance: Vanguard Total US Bond: 2.50% Vanguard Total US Stock: 1.21% Looks like the switch into bonds is little bit of performance chasing. :twisted: whats wrong with preserving gains by lowering risk to retain gains. If you dont need to be in 100% equities what wrong with reducing volatil...
by leonard
Thu May 01, 2014 1:00 pm
 
Forum: Investing - Theory, News & General
Topic: Mea culpa [100% stock at 50]
Replies: 46
Views: 5392

Re: Are my retirement dreams a mirage?

I have been looking forward to retirement for over 20 years. But lately I have been a lot of articles about retirees who don't seem to find the lifestyle that fulfilling or early retirees who don't feel they fit in with other retirees. Is the blissful retirement many of us invision just an illusion...
by leonard
Thu May 01, 2014 12:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Are my retirement dreams a mirage?
Replies: 39
Views: 4211

Re: 1st time home buyer considering 401K loan - Thoughts?

401k is for retirement, not for housing finance.

If you can't afford the house without a 401k loan, you can't afford the house.
by leonard
Thu May 01, 2014 12:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: 1st time home buyer considering 401K loan - Thoughts?
Replies: 12
Views: 1334

Re: Socially Responsible (Progressive) Fund Options

If I throw a can out the window - I do in fact measurable increase litter. By one can. It's observable. It's measurable. Thanks leonard for your thoughts! As it turns out, we can measure an individual's impact on market prices. We often talk about market prices as if they were a single point. But t...
by leonard
Thu May 01, 2014 12:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Socially Responsible (Progressive) Fund Options
Replies: 99
Views: 8918

Re: $22 million reason for umbrella?

The parents willfully assumed a risk 15 years and 9 months ago that they couldn't and can't fully mitigate. Sometimes - those risks come due.
by leonard
Thu May 01, 2014 11:55 am
 
Forum: Personal Finance (Not Investing)
Topic: $22 million reason for umbrella?
Replies: 42
Views: 3869

Re: Seattle and Portland, OR restaurant recommendations

In Seattle - best Chinese Food is Judy Fu's Snappy Dragon on Roosevelt. Get Gyoza and chow mein with the home made noodles. MMMM....
by leonard
Tue Apr 29, 2014 8:24 pm
 
Forum: Personal Consumer Issues
Topic: Seattle and Portland, OR restaurant recommendations
Replies: 31
Views: 1343

Re: Socially Responsible (Progressive) Fund Options

Actually, some of the advice you were looking for: I would really try to talk your wife in to the social responsibility of bonds as folks mentioned above. Since this is tax advantaged in an IRA - there's a strong financial argument for this point of view too. Then, using boglehead principles define ...
by leonard
Tue Apr 29, 2014 5:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Socially Responsible (Progressive) Fund Options
Replies: 99
Views: 8918

Re: Socially Responsible (Progressive) Fund Options

We question and unwind assumptions. That's valuable to many. Displaying how smart you are by answering a question that wasn't asked could be given a different definition than "valuable". So, when people come on the forum and ask "Can you tell me how to best use X method to time the m...
by leonard
Tue Apr 29, 2014 1:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Socially Responsible (Progressive) Fund Options
Replies: 99
Views: 8918

Re: Socially Responsible (Progressive) Fund Options

Look up the concept of a price taker. I don't control "everyone". I control me. And, I am a price taker that simply can't effect the price of a security. What everyone else does makes no difference what so ever. Let's try again. Whether I throw one pop can out the window when driving down...
by leonard
Tue Apr 29, 2014 1:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Socially Responsible (Progressive) Fund Options
Replies: 99
Views: 8918

Re: Socially Responsible (Progressive) Fund Options

We question and unwind assumptions. That's valuable to many. Displaying how smart you are by answering a question that wasn't asked could be given a different definition than "valuable". So, when people come on the forum and ask "Can you tell me how to best use X method to time the m...
by leonard
Tue Apr 29, 2014 12:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Socially Responsible (Progressive) Fund Options
Replies: 99
Views: 8918

Re: Socially Responsible (Progressive) Fund Options

Any investor on this board is going to be a price taker with respect to any stock they invest in. They simply aren't going to impact market prices in the volumes in which we would deal. So, they aren't going to materially impact the stock price. Suppose we each can profit from dumping one bucket of...
by leonard
Tue Apr 29, 2014 12:37 am
 
Forum: Investing - Help with Personal Investments
Topic: Socially Responsible (Progressive) Fund Options
Replies: 99
Views: 8918

Re: Socially Responsible (Progressive) Fund Options

Does your wife realize that money invested in funds generally do not go to the "bad" companies - unless it's an IPO. The dollars are simply going to other investors. You are not actually providing the "bad" companies with any money. Let's take it another step - let's say you buy...
by leonard
Mon Apr 28, 2014 11:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Socially Responsible (Progressive) Fund Options
Replies: 99
Views: 8918

Re: Socially Responsible (Progressive) Fund Options

First, we all know (generally) that investing in the broad market, then giving to local charitable causes is a far better use of your resources than social screening. But this isn't about convincing the OP. The social screen is given, so he's asking how to best execute. I asked a similar question (...
by leonard
Mon Apr 28, 2014 11:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Socially Responsible (Progressive) Fund Options
Replies: 99
Views: 8918

Re: POLL: "Channel Trading", advanced concepts

Yet another name for "Market Timing" to try to slide it by as something different.
by leonard
Mon Apr 28, 2014 11:33 pm
 
Forum: Investing - Theory, News & General
Topic: POLL: "Channel Trading", advanced concepts
Replies: 22
Views: 1981

Re: 401(k) Loan make sense?

No.

You make plenty. Find other areas to cut.

10+ year old car? Currently drive, a 20 and it's going strong. That doesn't seem like a reason for a 401k loan. Seems like a rationalization for one.
by leonard
Mon Apr 28, 2014 10:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: 401(k) Loan make sense?
Replies: 31
Views: 3698

Re: How do you walk away from a good job?

One of the best parts about being a contractor is that the higher pay and nature of the job provides much greater flexibility than being an employee. If you want more free time - structure your assignment to be three quarter time, half time, or whatever ratio you want and your customer can live with...
by leonard
Mon Apr 28, 2014 10:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: How do you walk away from a good job?
Replies: 38
Views: 5414
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