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Re: Can we afford [a masters degree]?

The OP wasn't asking if the degree was valuable or whether to enroll in the program, just how to pay for it. If the actual price is $40k and that's the least expensive available program, then the question becomes what loans are available and at what rate. If the lowest available rate is a 24% credi...
by leonard
Sat Apr 18, 2015 5:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can we afford [a masters degree]?
Replies: 34
Views: 2129

Re: My job says I can't work for anyone else...

Never sign a non-compete. To many unforeseen restrictions. As for your current non-compete - consult a lawyer. Different states have different restrictions on how enforceable non-competes are. BTW - why sign a contract and then (seemingly) plan to not abide by it? this is unrealistic in employed me...
by leonard
Fri Apr 17, 2015 10:31 pm
 
Forum: Personal Consumer Issues
Topic: My job says I can't work for anyone else...
Replies: 34
Views: 3386

Re: Family member asking for money

DonCamillo, that's a much better way to frame the question. Often, people can't help the children of others, because the parents' pride gets in the way. Here, it's been taken out of the equation. That reframing may give a warm, good feeling - but it ignores the fact that money is fungible. Yes, I k...
by leonard
Fri Apr 17, 2015 8:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Family member asking for money
Replies: 136
Views: 12064

Re: My job says I can't work for anyone else...

Never sign a non-compete. To many unforeseen restrictions. As for your current non-compete - consult a lawyer. Different states have different restrictions on how enforceable non-competes are. BTW - why sign a contract and then (seemingly) plan to not abide by it? this is unrealistic in employed me...
by leonard
Fri Apr 17, 2015 8:00 pm
 
Forum: Personal Consumer Issues
Topic: My job says I can't work for anyone else...
Replies: 34
Views: 3386

Re: My job says I can't work for anyone else...

Never sign a non-compete. To many unforeseen restrictions.

As for your current non-compete - consult a lawyer. Different states have different restrictions on how enforceable non-competes are.

BTW - why sign a contract and then (seemingly) plan to not abide by it?
by leonard
Fri Apr 17, 2015 4:07 pm
 
Forum: Personal Consumer Issues
Topic: My job says I can't work for anyone else...
Replies: 34
Views: 3386

Re: Family member asking for money

TomatoTomahto wrote:DonCamillo, that's a much better way to frame the question. Often, people can't help the children of others, because the parents' pride gets in the way. Here, it's been taken out of the equation.


That reframing may give a warm, good feeling - but it ignores the fact that money is fungible.
by leonard
Fri Apr 17, 2015 1:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Family member asking for money
Replies: 136
Views: 12064

Re: Can we afford [a masters degree]?

How much could she make at her current level of education - if she did something other than being a math teacher?

Don't raid the Roth. The Roth is a retirement account - very valuable tax deferred space. It's not a I'm-thinking-about-another-degree account.
by leonard
Fri Apr 17, 2015 11:38 am
 
Forum: Personal Finance (Not Investing)
Topic: Can we afford [a masters degree]?
Replies: 34
Views: 2129

Re: Am I part of the problem??

Good morning everyone, To answer your questions: 1. Am I part of the problem?? Yes. 2. Does this make me some kind of hypocrite in the Boglehead world? Yes. 3. I mean, aren't I building my wealth on the backs of suckers who haven't found Bogleheads yet? Yes. From Nerd wallet: Pacemaker implantation...
by leonard
Thu Apr 16, 2015 9:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Am I part of the problem??
Replies: 68
Views: 7650

Re: Would you use your neighbor's son for yard service?

Interview him. Good experience for him and if you hire him.... Have him do the job for a while when you are there, so you can supervise the outcomes. If that works, have him continue to do it while you are gone - but have someone you know drive by the house and ensure that it's done on a regular bas...
by leonard
Fri Apr 10, 2015 3:47 pm
 
Forum: Personal Consumer Issues
Topic: Would you use your neighbor's son for yard service?
Replies: 33
Views: 2140

Re: Buy now or wait?

Pick a conservative AA and buy it now. Trying to time the market is a waste of time. If you are hesitant to buy the AA you would like, it's too aggressive. Add bonds until the portfolio is low enough risk that you feel you can buy the whole thing at once. Some will recommend dollar cost averaging. ...
by leonard
Fri Apr 10, 2015 3:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Buy now or wait?
Replies: 13
Views: 1550

Re: Buy now or wait?

Pick a conservative AA and buy it now. Trying to time the market is a waste of time. If you are hesitant to buy the AA you would like, it's too aggressive. Add bonds until the portfolio is low enough risk that you feel you can buy the whole thing at once. Some will recommend dollar cost averaging. H...
by leonard
Fri Apr 10, 2015 3:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Buy now or wait?
Replies: 13
Views: 1550

Re: Am I part of the problem??

Good morning everyone, To answer your questions: 1. Am I part of the problem?? Yes. 2. Does this make me some kind of hypocrite in the Boglehead world? Yes. 3. I mean, aren't I building my wealth on the backs of suckers who haven't found Bogleheads yet? Yes. From Nerd wallet: Pacemaker implantation...
by leonard
Fri Apr 10, 2015 1:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Am I part of the problem??
Replies: 68
Views: 7650

Re: Am I part of the problem??

I wouldn't work there. I don't think the "Low cost" mantra has the exception "unless I make money from it". Not meaning to be rude - but you did ask the question directly. EDIT: Incredible the feedback actual(?) BHs are giving. Looks like we just make comments on a forum about &q...
by leonard
Thu Apr 09, 2015 8:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Am I part of the problem??
Replies: 68
Views: 7650

Re: setting up a KISS portfolio

If simplicity is the absolute priority - even over tax efficiency (which I think is valid in some cases) then.... Taxable Tax-Managed Balanced OR the appropriate Lifestrategy, chosen based on AA/Risk Tolerance. Tax Advantaged Life Strategy based on Risk tolerance. Simple. No decisions other than put...
by leonard
Wed Apr 08, 2015 8:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: setting up a KISS portfolio
Replies: 6
Views: 680

Re: International increase in Target Retirement & LifeStrate

I see the logic as well and I appreciate your challenges, but I'm still in the same camp as tj and pennstater2005 . Pingo - if one makes conscious decisions for their AA and writes in in their IPS around - stock/bond, domestic/int'l, value weighting, small cap weighting. reit's etc. - then they nee...
by leonard
Wed Apr 08, 2015 8:03 pm
 
Forum: Investing - Theory, News & General
Topic: International increase in Target Retirement & LifeStrategy
Replies: 233
Views: 20070

Re: Might Go $4,000 AAPL

closetoreality wrote:Would this be considered a reckless and irrational decision?

I just see nothing but success for Apples future, at least for the year to come anyway. Seems like a good opportunity for a short term investment, or until the pace changes for Apple.

Input?


Yes.
by leonard
Wed Apr 08, 2015 5:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Might Go $4,000 AAPL
Replies: 68
Views: 5181

Re: Family member asking for money

A lot of people willing to spend the OP's money.

If the cause is so clear cut, why doesn't everyone that says "give him another round of financing" crack a check book or set up a go fund me page. Sure the OP could coordinate getting that money in to the BIL hands.
by leonard
Wed Apr 08, 2015 4:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Family member asking for money
Replies: 136
Views: 12064

Re: Family member asking for money

if 2 loans/gifts haven't fixed the situation, future ones aren't going to either. So, if your money isn't actually fixing the situation, there is no need to throw good money after bad.

"No". Use it in this case.
by leonard
Mon Apr 06, 2015 8:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Family member asking for money
Replies: 136
Views: 12064

Re: International increase in Target Retirement & LifeStrate

Pingo - if one makes conscious decisions for their AA and writes in in their IPS around - stock/bond, domestic/int'l, value weighting, small cap weighting. reit's etc. - then they need to be able to stay the course with respect to the deliberate decisions they made relative to their intentionally se...
by leonard
Wed Apr 01, 2015 2:31 pm
 
Forum: Investing - Theory, News & General
Topic: International increase in Target Retirement & LifeStrategy
Replies: 233
Views: 20070

Re: Do you not strive for success because it might offend ot

If you live frugally in most areas of life - no one looking at your life will be able to read your success. So, to that extent the "issue" is a moot point. Like many people, you may have 1 or 2 areas of your life that you spend discretionary income on: travel, musical instruments, cars, wh...
by leonard
Wed Apr 01, 2015 2:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you not strive for success because it might offend others
Replies: 30
Views: 1645

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: 23
Views: 1660

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: 233
Views: 20070

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: 71
Views: 5124

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: 71
Views: 5124

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: 233
Views: 20070

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: 4528

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: 71
Views: 5124

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: 32
Views: 3009

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: 26
Views: 2262

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: 4528

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: 4846

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: 4846

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: 1007

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: 2858

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: 53
Views: 6606

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: 3447

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: 29
Views: 3708

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: 71
Views: 5124

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: 71
Views: 5124

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: 2918

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: 7842

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: 53
Views: 5099

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: 53
Views: 6606

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: 233
Views: 20070

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: 109
Views: 9409

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: 7055

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: 233
Views: 20070

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: 233
Views: 20070

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: 3877

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: 7055
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