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Re: Is this a bad 401K?

That plan is a rip off.
by leonard
Tue Mar 31, 2015 9:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is this a bad 401K?
Replies: 15
Views: 747

Re: International increase in Target Retirement & LifeStrate

In BH philosophy - I'm pretty sure the standard definition is "Staying the Course" is with respect to setting and keeping an Asset Allocation. If we aren't using common terms, we're talking past each other. By "keeping an asset allocation" are you referring to the stock/bond mix...
by leonard
Tue Mar 31, 2015 9:46 pm
 
Forum: Investing - Theory, News & General
Topic: International increase in Target Retirement & LifeStrategy
Replies: 223
Views: 17830

Re: 401k Record Keeping Fee

A person can (and should) contribute to both an IRA and 401k - assuming cash flow and budget allow. And, assuming they are below the required income levels. In general one cannot deduct one's contribution to an IRA if one is eligible to participate in a retirement plan such as a 401k through one's ...
by leonard
Tue Mar 31, 2015 9:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: 401k Record Keeping Fee
Replies: 63
Views: 3771

Re: 401k Record Keeping Fee

Sorry for being away so long. I've got an ailing father that needed attention. I will try to address several highlights in one go: First: Whether I can afford $65/year for record keeping is really a moot point. Based on my experience, $65/year for record keeping is outrageous. Since Employee Fiduci...
by leonard
Tue Mar 31, 2015 9:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: 401k Record Keeping Fee
Replies: 63
Views: 3771

Re: International increase in Target Retirement & LifeStrate

An investor can't "stay the course" with their AA choice - if that AA gets shifted by someone else. I can understand the frustration of it being something out of our control, but what does it mean to stay the course, anyway? John Bogle, William Berstein, Rick Ferri, Larry Swedroe et al al...
by leonard
Tue Mar 31, 2015 8:49 pm
 
Forum: Investing - Theory, News & General
Topic: International increase in Target Retirement & LifeStrategy
Replies: 223
Views: 17830

Re: [Poll] Do you have an auto loan?

Still trying to understand how simplifying ones financial life meets the definition of eccentric. Perhaps you mean eccentric as in "deviating from circular form". It's easy if you read what was said twice, rather than repeating trying to put words in somebody else's mouth. But one more ti...
by leonard
Tue Mar 31, 2015 8:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Poll] Do you have an auto loan?
Replies: 72
Views: 4235

Re: 401k Record Keeping Fee

I'm going to assume when you say $3k is the same as $300k, you mean it's the same job whether it's 1 participant or 100 participants. Not at all; I'm saying 1 participants records cost the same to keep as any other 1 participant. My comment was to a poster who said her plan charged a record keeping...
by leonard
Tue Mar 31, 2015 8:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: 401k Record Keeping Fee
Replies: 63
Views: 3771

Re: Should a true BH visit this forum regularly?

In my mind, BH strategies are 1. live below means 2. stay the course 3. capitalize tax advantage space 4. buy and hold low cost index funds and diversify (if I missed anything, please update me) These don't involve visiting BH forum and reading the threads regularly. If you consider yourself a true...
by leonard
Tue Mar 31, 2015 8:34 pm
 
Forum: Investing - Theory, News & General
Topic: Should a true BH visit this forum regularly?
Replies: 20
Views: 1399

Re: My car is (supposedly) totaled. What to do?

If someone offered you a car with a salvage title that had been totaled AND it wasn't a car you had already owned - would you buy it? I'm guessing that any time you have set about buying a car - you haven't started with totaled, salvage title cars. I wouldn't start now. Also, the fact that you once ...
by leonard
Tue Mar 31, 2015 8:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: My car is (supposedly) totaled. What to do?
Replies: 14
Views: 741

Re: [Poll] Do you have an auto loan?

The frugality true believers saying never, never are a bit eccentric, but that's their right and nobody else *has* to listen. Not wanting to add complexity to your financial life with a car loan is eccentric? Hmmmm....they must have redefined the word since I last looked. Not wanting to have a car ...
by leonard
Sun Mar 29, 2015 11:22 am
 
Forum: Personal Finance (Not Investing)
Topic: [Poll] Do you have an auto loan?
Replies: 72
Views: 4235

Re: Recruiters asking for current compensation

btw - prospective job candidates - if hired - might some day be negotiating contracts on behalf of the company looking to hire them. Does everyone think these companies want employees that will reveal private financial data simply because they are asked? NOT revealing your salary simply because your...
by leonard
Sun Mar 29, 2015 10:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Recruiters asking for current compensation
Replies: 54
Views: 4721

Re: Recruiters asking for current compensation

I would research the market rate, your needs, and tell the recruiter your range. This is completely acceptable. (See glassdoor to establish market.) I wouldn't reveal your current salary. If it's too low, they'll think you're below average. You can't win. Research is the key. During my last backgro...
by leonard
Sun Mar 29, 2015 10:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Recruiters asking for current compensation
Replies: 54
Views: 4721

Re: Increasing REIT holding in a ROTH

What does your Investment Policy Statement (IPS) call for? What is your target Asset Allocation?
by leonard
Sun Mar 29, 2015 10:18 am
 
Forum: Investing - Help with Personal Investments
Topic: Increasing REIT holding in a ROTH
Replies: 10
Views: 970

Re: "Employees Forgo Wellness Cash Incentives Worth Millions

Hi all, Many employers are offering wellness cash incentives in an attempt to save on healthcare costs. My wife's employer offers a generous $804 contribution to a health savings account (family plan) if both people take a health-risk assessment and biometric screening. However, according to this F...
by leonard
Sun Mar 29, 2015 10:15 am
 
Forum: Personal Finance (Not Investing)
Topic: "Employees Forgo Wellness Cash Incentives Worth Millions"
Replies: 30
Views: 2740

Re: A great shave at a great price

Kiss my Face shaving cream is superb. I have recently been buying dollar store American made double edge disposable blade packages (6 for a dollar), and find they match the performance of the expensive Gillette blades, if one works with a good quality shave cream. Make sure to read the manufacturer...
by leonard
Sun Mar 29, 2015 10:04 am
 
Forum: Personal Consumer Issues
Topic: A great shave at a great price
Replies: 50
Views: 5928

Re: Boglehead Concert Goers?

Last concert and one upcoming concert has been to see Volbeat. They're expensive tickets, but not in the stratosphere like many bands. Saw Stanley Jordan and Kevin Eubanks at a smaller local venue - but tickets were still $45 or so. The alternative is to find new or up and coming bands at smaller ve...
by leonard
Sun Mar 29, 2015 9:47 am
 
Forum: Personal Consumer Issues
Topic: Boglehead Concert Goers?
Replies: 64
Views: 3383

Re: Economics of climbing the ladder - experiences requested

Happy Friday Bogleheads, Something thats been on my mind to post - What are the true economics and experiences of climbing the ladder? Pros of career advancement: 1. More money 2. More prestige 3. Perhaps better marketability, career path 4. Increased Job satisfaction? Cons of career advancement: 1...
by leonard
Sun Mar 29, 2015 9:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Economics of climbing the ladder - experiences requested!
Replies: 25
Views: 2719

Re: 401k Record Keeping Fee

Why doesn't it make sense? my for-profit private employer doesn't match. They can still offer the benefit of contributing for those who want it...why wouldnt they? The question is why would an employee contribute to the company plan when he can get a much better deal in a traditional IRA. A non com...
by leonard
Sun Mar 29, 2015 9:39 am
 
Forum: Personal Finance (Not Investing)
Topic: 401k Record Keeping Fee
Replies: 63
Views: 3771

Re: 401k Record Keeping Fee

There is absolutely no reason for $65 a year, especially at such a large plan. I don't remember the exact numbers, but the account maintenance fees for the low cost providers (Employee Fiduciary, etc.) are on the order of $25 or $30 - for plans of virtually any size. So, in addition to high expense ...
by leonard
Sun Mar 29, 2015 9:37 am
 
Forum: Personal Finance (Not Investing)
Topic: 401k Record Keeping Fee
Replies: 63
Views: 3771

Re: New Furnace & A/C Unit

Couple of years ago replaced a very old furnace with a Bryant - their highest efficiency model. Very happy with it. Other than warming up the house on a winter day morning, it runs so silently you don't know it's on and keeps the house at a constant temperature without noticeably kicking on and off.
by leonard
Sat Mar 28, 2015 12:26 pm
 
Forum: Personal Consumer Issues
Topic: New Furnace & A/C Unit
Replies: 30
Views: 2745

Re: Sued and won for drycleaner losing suit, suit now found.

That must be one expensive suit to have warranted a legal battle.
by leonard
Sat Mar 28, 2015 12:23 pm
 
Forum: Personal Consumer Issues
Topic: Sued and won for drycleaner losing suit, suit now found.
Replies: 86
Views: 7666

Re: Building a new house. Any recommendations?

Personally, I like zero maintenance where I can get it and high energy efficiency. So, a few suggestions, but applicability will depend on your location and the specifics of your piece of real estate. 1. consider SIPS contruction. Extremely energy efficient. 2. Consider triple glazed windows. Or, at...
by leonard
Sat Mar 28, 2015 11:57 am
 
Forum: Personal Consumer Issues
Topic: Building a new house. Any recommendations?
Replies: 51
Views: 4364

Re: A great shave at a great price

Kiss my Face shaving cream is superb. I have recently been buying dollar store American made double edge disposable blade packages (6 for a dollar), and find they match the performance of the expensive Gillette blades, if one works with a good quality shave cream. Make sure to read the manufacturer...
by leonard
Tue Mar 24, 2015 6:24 pm
 
Forum: Personal Consumer Issues
Topic: A great shave at a great price
Replies: 50
Views: 5928

Re: International increase in Target Retirement & LifeStrate

An investor can't "stay the course" with their AA choice - if that AA gets shifted by someone else. I can understand the frustration of it being something out of our control, but what does it mean to stay the course, anyway? John Bogle, William Berstein, Rick Ferri, Larry Swedroe et al al...
by leonard
Tue Mar 24, 2015 6:12 pm
 
Forum: Investing - Theory, News & General
Topic: International increase in Target Retirement & LifeStrategy
Replies: 223
Views: 17830

Re: Manufactured Spending - Good Idea / Bad Idea?

Way, way too much work and too much complexity.

Reading those overviews of MS, I got the exact same feeling as when approached by people selling Amway over the years.
by leonard
Tue Mar 24, 2015 6:06 pm
 
Forum: Personal Consumer Issues
Topic: Manufactured Spending - Good Idea / Bad Idea?
Replies: 48
Views: 4020

Re: Edward Jones Account Closing Fees

Leave a small balance in the account $1. and "Keep it open" but ignore it. Would they go after you for "debts"? I wouldn't put it beyond them. With all the places offering bonuses for new accounts, much of those fees could be balanced out. what "debts" are owed as a re...
by leonard
Sat Mar 21, 2015 9:31 am
 
Forum: Investing - Help with Personal Investments
Topic: Edward Jones Account Closing Fees
Replies: 90
Views: 6932

Re: International increase in Target Retirement & LifeStrate

It's nearly impossible to "stay the course" when someone else is making changes to your AA. I buy the LifeStrategy based on the stock/bond AA. Beyond that, I don't want to think about it. This fund lets me be lazy like that. That's what I'm paying for, I love it. I'm saying "Here Van...
by leonard
Fri Mar 20, 2015 7:58 pm
 
Forum: Investing - Theory, News & General
Topic: International increase in Target Retirement & LifeStrategy
Replies: 223
Views: 17830

Re: International increase in Target Retirement & LifeStrate

Gort wrote:
leonard wrote:If investors can't depend on adherence to an AA - the simplicity of these funds is totally undermined.


How?


An investor can't "stay the course" with their AA choice - if that AA gets shifted by someone else.
by leonard
Fri Mar 20, 2015 7:56 pm
 
Forum: Investing - Theory, News & General
Topic: International increase in Target Retirement & LifeStrategy
Replies: 223
Views: 17830

Re: Hearse as daily driver?

I'd be concerned about fuel economy and dependability of the brand. Assuming those are OK, I'd do it. It would be a versatile vehicle allowing you to haul most anything you need, like a super station wagon. But, probably drive pretty well like a car. I'd test drive one if I had the need to haul more...
by leonard
Fri Mar 20, 2015 6:21 pm
 
Forum: Personal Consumer Issues
Topic: Hearse as daily driver?
Replies: 58
Views: 3731

Re: Edward Jones Account Closing Fees

Leave a small balance in the account $1. and "Keep it open" but ignore it.
by leonard
Fri Mar 20, 2015 6:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Edward Jones Account Closing Fees
Replies: 90
Views: 6932

Re: A great shave at a great price

When did everyone get so into shaving? I feel like I hear a lot about dollar shave and using a straight razor and all that. I just use some generic shaving cream and a gilette sensor that I've had for like 15 years (changing razors of course). Does this not work for everyone? Nope. Far superior sha...
by leonard
Fri Mar 20, 2015 6:10 pm
 
Forum: Personal Consumer Issues
Topic: A great shave at a great price
Replies: 50
Views: 5928

Re: [Poll] Do you have an auto loan?

The frugality true believers saying never, never are a bit eccentric, but that's their right and nobody else *has* to listen. Not wanting to add complexity to your financial life with a car loan is eccentric? Hmmmm....they must have redefined the word since I last looked. Not wanting to have a car ...
by leonard
Fri Mar 20, 2015 2:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Poll] Do you have an auto loan?
Replies: 72
Views: 4235

Re: [Poll] Do you have an auto loan?

Johno wrote:The frugality true believers saying never, never are a bit eccentric, but that's their right and nobody else *has* to listen.


Not wanting to add complexity to your financial life with a car loan is eccentric? Hmmmm....they must have redefined the word since I last looked.
by leonard
Fri Mar 20, 2015 2:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Poll] Do you have an auto loan?
Replies: 72
Views: 4235

Re: International increase in Target Retirement & LifeStrate

If I understand how math works, this is just increasing the diversification. I checked to be safe, but that is still a tenet of the Boglehead philosophy. I'm not worried. But, it not only impacts diversification, it is changing the level of risk a person is taking on from what was stated when they ...
by leonard
Fri Mar 20, 2015 2:09 pm
 
Forum: Investing - Theory, News & General
Topic: International increase in Target Retirement & LifeStrategy
Replies: 223
Views: 17830

Re: Provia Legacy Steel Entry Door Experience?

More to document for others reference on Provia doors, I have found some success. Provia's installer/dealer network is sparse in my area. However, I called Provia and they provided 2 distributors (not dealer/installers) of Provia products that did not show up on Provia's website . So, one can call P...
by leonard
Fri Mar 20, 2015 12:30 pm
 
Forum: Personal Consumer Issues
Topic: Provia Legacy Steel Entry Door Experience?
Replies: 9
Views: 547

Re: International increase in Target Retirement & LifeStrate

If investors can't depend on adherence to an AA - the simplicity of these funds is totally undermined.
by leonard
Thu Mar 19, 2015 10:00 pm
 
Forum: Investing - Theory, News & General
Topic: International increase in Target Retirement & LifeStrategy
Replies: 223
Views: 17830

Re: Provia Legacy Steel Entry Door Experience?

Leonard, The two firms I had provide bids were my local privately owned windows and doors company (mostly windows) and a what I believe is a nationwide chain company (American Home Design). The latter was the high bidder. Check out http://www.proviaproducts.com website for dealers. Many companies c...
by leonard
Thu Mar 19, 2015 9:50 pm
 
Forum: Personal Consumer Issues
Topic: Provia Legacy Steel Entry Door Experience?
Replies: 9
Views: 547

Re: Vinyl or wood fence

I hate vinyl fencing, so I'd go with wood. +1 The word is tacky, like vinyl siding. I have a cedar rail fence that was installed about ten years ago. I haven't had to do anything to it. It's not stained, it looks fine. It certainly hasn't rotted. Cedar isn't magic. It'll need stain and maintenance,...
by leonard
Thu Mar 19, 2015 9:45 pm
 
Forum: Personal Consumer Issues
Topic: Vinyl or wood fence
Replies: 36
Views: 1989

Re: Vinyl or wood fence

I think many people find it easy to armchair QB the idea of "I like wood fence. Vinyl is tacky. I'd just do the maintenance." But, reality hits when it's a choice between enjoying one of your few summer weekends OR spending that weekend (or 2, depending on your fence size.) refinishing th...
by leonard
Thu Mar 19, 2015 9:37 pm
 
Forum: Personal Consumer Issues
Topic: Vinyl or wood fence
Replies: 36
Views: 1989

Re: Provia Legacy Steel Entry Door Experience?

I don't know about the arrangement of your house, but if the roof line anywhere is at first floor level the bad guys can just climb up through the aluminum soffit and come down through the drywall ceiling in about one minute. :twisted: The door won't matter. there's no aluminum soffit big enough fo...
by leonard
Thu Mar 19, 2015 9:22 pm
 
Forum: Personal Consumer Issues
Topic: Provia Legacy Steel Entry Door Experience?
Replies: 9
Views: 547

Re: Provia Legacy Steel Entry Door Experience?

Leonard, In July 2010 I had three Provia replacement doors installed in my home. The front door is the Legacy 009 style steel door with the 160 sidelite containing clear lowE/argon glass. The second door is the 460 steel French door with clear lowE/argon glass with retractable screen door. The thir...
by leonard
Thu Mar 19, 2015 9:18 pm
 
Forum: Personal Consumer Issues
Topic: Provia Legacy Steel Entry Door Experience?
Replies: 9
Views: 547

Provia Legacy Steel Entry Door Experience?

I am looking to install a secure steel front entry door. The Provia Legacy Steel door (with a Trillenium lock set) looks very secure without going for something like a Master Secure Door, which are very high end. Doing a search, it appears a few folks have purchased Provia doors in the past on the B...
by leonard
Thu Mar 19, 2015 6:49 pm
 
Forum: Personal Consumer Issues
Topic: Provia Legacy Steel Entry Door Experience?
Replies: 9
Views: 547

Re: Vinyl or wood fence

I hate vinyl fencing, so I'd go with wood. +1 The word is tacky, like vinyl siding. I have a cedar rail fence that was installed about ten years ago. I haven't had to do anything to it. It's not stained, it looks fine. It certainly hasn't rotted. Cedar isn't magic. It'll need stain and maintenance,...
by leonard
Thu Mar 19, 2015 6:01 pm
 
Forum: Personal Consumer Issues
Topic: Vinyl or wood fence
Replies: 36
Views: 1989

Re: Vinyl or wood fence

Have vinyl. Every spring that I look at this fence and realize I don't have to strip, stain, replace boards, replace rotting fence posts, etc etc. Also, I don't have to coordinate with neighbors to do any of those tasks. At most, a pressure wash, but that would depend on where you live and how much...
by leonard
Thu Mar 19, 2015 6:00 pm
 
Forum: Personal Consumer Issues
Topic: Vinyl or wood fence
Replies: 36
Views: 1989

Re: Do you have and auto loan?

Paying, monitoring, and ultimately ensuring the disposition of the loan is a pain. I'd never do it again.

Keep it simple applies to more areas of personal finance than just investments.
by leonard
Thu Mar 19, 2015 3:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Poll] Do you have an auto loan?
Replies: 72
Views: 4235

Re: Vinyl or wood fence

Thanks for the posts so far. Seems like the general consensus is vinyl for durability. I also think vinyl will look better in my yard because I have a yellow and white house. But I'm a frugal person. At what point do you draw the line and say, yes, vinyl may be worth twice the cost of wood, but I'd...
by leonard
Thu Mar 19, 2015 3:43 pm
 
Forum: Personal Consumer Issues
Topic: Vinyl or wood fence
Replies: 36
Views: 1989

Re: Advice for good friend

denovo wrote:I guess I was being unclear. Do you have any reason to believe they are being taken advantage of? Why would they feel incompetent to control their own checking and savings? Seems so bad.


1.9% ER's? 1% sales load? Do you have any reason to believe they are NOT being taken advantage of?
by leonard
Thu Mar 19, 2015 1:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advice for good friend
Replies: 38
Views: 3349

Re: Advice for good friend

Hi All, I have recently been talking to my good friend who doesn't have an interest in managing her own portfolio. Her and her husband started with a financial planner a couple of years ago and recently she took a job working as an assistant for that planner. The planner has full control of all of ...
by leonard
Thu Mar 19, 2015 1:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advice for good friend
Replies: 38
Views: 3349

Re: Vinyl or wood fence

Have vinyl. Every spring that I look at this fence and realize I don't have to strip, stain, replace boards, replace rotting fence posts, etc etc. Also, I don't have to coordinate with neighbors to do any of those tasks. At most, a pressure wash, but that would depend on where you live and how much ...
by leonard
Thu Mar 19, 2015 11:46 am
 
Forum: Personal Consumer Issues
Topic: Vinyl or wood fence
Replies: 36
Views: 1989

Re: Recruiters asking for current compensation

Another strategy is to respond with "total compensation" - which is a grossed up number that includes salary, estimated value of benefits, bonus, perks, etc. etc. Another option, though considered rude in some quarters, would be to respond to the question with your own question: "Does...
by leonard
Thu Mar 19, 2015 11:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Recruiters asking for current compensation
Replies: 54
Views: 4721
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