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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: 14865

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: 6118

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: 2093

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: 2348

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: 4163

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: 14865

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: 14865

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: 4794

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: 674

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: 3079

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: 17156

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: 1271

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: 1826

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: 5350

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: 4178

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: 1271

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: 8805

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: 3850

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: 1289

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: 8805

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: 8805

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: 8805

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: 8805

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: 8805

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: 8805

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: 8805

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: 1960

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: 3683

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: 5380

Re: Socially Responsible (Progressive) Fund Options

I think individual stocks or bonds is making things way too complicated. Consider IRA certificates at a local credit union that is NCUA insured. Might do a good job of passing her social responsibility test, and they can offer better returns than treasury bonds (and are equally safe). Who knows who...
by leonard
Mon Apr 28, 2014 10:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Socially Responsible (Progressive) Fund Options
Replies: 99
Views: 8805

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 9:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Socially Responsible (Progressive) Fund Options
Replies: 99
Views: 8805

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 8:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Socially Responsible (Progressive) Fund Options
Replies: 99
Views: 8805

Re: Can my computer hear me?

Test it. Say "Find Gary Busey" to your computer very loudly, several times. See what happens after that.
by leonard
Wed Apr 23, 2014 6:47 pm
 
Forum: Personal Consumer Issues
Topic: Can my computer hear me?
Replies: 54
Views: 9601

Re: Do you use a dry powder/tactical asset allocation strate

Waba wrote:
LH wrote:As there is the famous, dry powder mutual fund that takes this moronically easy trick, applies it, and beats passive index finds consistently.....

It's ticker is...... Hmmmmm.....


FPACX? 41% in cash as of 12/31/2013, 9.88% annual return over last 15 year


Data mining.
by leonard
Wed Apr 23, 2014 6:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do you use a dry powder/tactical asset allocation strategy?
Replies: 30
Views: 3179

Re: Reverse Mortgage "Shocker" for Inheritors

A much better source is Kipplinger which informs us: The balance becomes due upon the death of the last borrower or the failure of any borrower to live in the house for the previous 12 months ("I was in the nursing home" doesn't let anyone off the hook), as one might expect. If no heirs a...
by leonard
Wed Apr 23, 2014 6:33 pm
 
Forum: Investing - Theory, News & General
Topic: Reverse Mortgage "Shocker" for Inheritors
Replies: 7
Views: 1881

Re: Guitar purchase problem: Fender strat mfg warranty?

Thanks to all. @Leonard, thanks for the info on the Hotrails. A friend mentioned an option of buying a replacement pick guard that comes pre-wired with dual Seymour Duncan humbuckers--for around $200. Sounds like a better, if not more expensive, option for me (I'm not very DIY when it comes to mech...
by leonard
Wed Apr 23, 2014 5:02 pm
 
Forum: Personal Consumer Issues
Topic: Guitar purchase problem: Fender strat mfg warranty?
Replies: 25
Views: 1835

Reverse Mortgage "Shocker" for Inheritors

Why are people surprised that they aren't going to inherit homes that have reverse mortgages http://seattletimes.com/html/businesstechnology/2023376121_reversemortgagesxml.html?prmid=4917 Surprisingly - mortgage companies are playing games. But, the fundamental premise of the reverse mortgage is the...
by leonard
Tue Apr 22, 2014 10:11 pm
 
Forum: Investing - Theory, News & General
Topic: Reverse Mortgage "Shocker" for Inheritors
Replies: 7
Views: 1881

Re: Do you think the biotech sector will be hurt long term?

You want to time an entire sector because of "news" that applies to one company's, one drug, on one point (pricing). A piece of news that is publicly available. Plus, that price, after discounts and negotiations with insurance companies, etc. etc. will probably not hold up. So, one could a...
by leonard
Tue Apr 22, 2014 5:28 pm
 
Forum: Investing - Theory, News & General
Topic: Do you think the biotech sector will be hurt long term?
Replies: 56
Views: 3264

Re: Stopping unwanted "junk" newspaper

Where I live, the local newspaper publishes a free weekly version, that they put in plastic bags along with advertisements/coupons. They then automatically throw these things in every single yard whether you want it or not. It is worthless to me, and It goes straight to the trash can. It is also a ...
by leonard
Mon Apr 21, 2014 1:20 pm
 
Forum: Personal Consumer Issues
Topic: Stopping unwanted "junk" newspaper
Replies: 23
Views: 1865

Re: Guitar purchase problem: Fender strat mfg warranty?

Love the guitar but feel a little conflicted. I mostly like playing rhythm (more toward the metal end of the spectrum)--gave up on playing leads in my teens. So I was fairly certain I needed at least one humbucker, so I went with the HSS "Standard strat" vs. the SSS all single-coil config...
by leonard
Mon Apr 21, 2014 11:40 am
 
Forum: Personal Consumer Issues
Topic: Guitar purchase problem: Fender strat mfg warranty?
Replies: 25
Views: 1835

Re: Can you please convince me to get a credit card?

Everyone has outlined the benefits. But, if those benefits are not really benefits to you, don't get a credit card. Too many times people on this board recommend getting credit cards in order to manipulate credit scores. But, I don't think you should take on a CC just for that reason. Make the right...
by leonard
Fri Apr 18, 2014 10:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can you please convince me to get a credit card?
Replies: 101
Views: 12095

Re: Portfolio minimum?

The only time a portfolio might be too small is if excessive trading fees are part of the deal. If you are paying per trade then multiple individual slices may not make sense out the gate. So, as long as you can take the portfolio positions you would like with your $15k without excessive trading fee...
by leonard
Fri Apr 18, 2014 7:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio minimum?
Replies: 9
Views: 1277

Re: New money and Investment Policy Statement

1% isn't going to material effect diversification. So, I would let simplicity be the guiding principle here and buy whatever brings up a low-ish asset class (I'd only bother with buying one with 1%) and doesn't create more complexity. Well it's already happened and I was reporting back with the dec...
by leonard
Fri Apr 18, 2014 7:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: New money and Investment Policy Statement
Replies: 14
Views: 1182

Re: New money and Investment Policy Statement

This is a question regarding new money added to an existing portfolio. The general characteristics of the portfolio and rebalancing criteria are covered in the Investment Policy Statement but that of course doesn't have every detail so I have run into a situation which isn't terribly important but ...
by leonard
Fri Apr 18, 2014 6:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: New money and Investment Policy Statement
Replies: 14
Views: 1182

Re: Trying to identify pre-1980 6th grade economics book

Any chance the teacher is still alive? Might be worth a chance tracking to down the teacher, nothing to lose.
by leonard
Fri Apr 18, 2014 5:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Trying to identify pre-1980 6th grade economics book
Replies: 9
Views: 1099

Re: Question on borrowing from IRA

Perhaps a better question is "I have a need for $X dollars for 30 days. What is the lowest cost and lowest risk way to fund this need?"

Barring this - almost no one here is going to recommend taking this out of an IRA, without knowing why this is the best source for the funds.
by leonard
Fri Apr 18, 2014 4:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Question on borrowing from IRA
Replies: 12
Views: 767

Re: Where are the Opportunities now ?

I don't advocate market timing but I believe that investors should pay attention to valuations. I also look at money flows to give me an idea of investor sentiment. So if I see investors piling into a particular asset class, my enthusiasm for that asset class is less because I know that investors o...
by leonard
Fri Apr 18, 2014 12:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where are the Opportunities now ?
Replies: 37
Views: 3562

Re: 401k in-service withdrawals

I recently became eligible to participate in my company's 401K. There's not much in there yet ~$3100. When I was checking the plan, I found out I can do an in-service withdrawal. The fees on the funds range from 1.41-1.61. I want to do a rollover IRA to Vanguard. I'm gradually increasing my contrib...
by leonard
Fri Apr 18, 2014 12:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k in-service withdrawals
Replies: 18
Views: 1542

Re: How high of an allocation to REITs?

10%. Enough for diversification benefit. Not enough to take on too much risk.
by leonard
Fri Apr 18, 2014 12:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: How high of an allocation to REITs?
Replies: 25
Views: 3718

Re: Non-tabletop fountain in home office = need dehumidifer?

Forgot to mention that I'll probably be keeping the door to my office closed. I've got a cat, who I love, who's running low on his 9 lives. The little guy likes to chew through thin power supply cables like a goat. And has even graduated to thicker electrical cables. Lots of cabling in there--tried...
by leonard
Fri Apr 18, 2014 12:21 pm
 
Forum: Personal Consumer Issues
Topic: Non-tabletop fountain in home office = need dehumidifer?
Replies: 7
Views: 789
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