Search found 7214 matches

Return to advanced search

Re: 529 Plan - when to stop contributing?

we have a 6 year old and $100k in his 529 plan. Thoughts? Keep contributing? much depends on your other financial goals and resources. We didn't contribute this year to our 529s, but plan to again in the future. We have kids age 5 and 7 and they each have about $150k in their 529s. Our goal has bee...
by letsgobobby
Sat Nov 22, 2014 11:43 am
 
Forum: Personal Finance (Not Investing)
Topic: 529 Plan - when to stop contributing?
Replies: 15
Views: 1490

Re: Proposed Lifetime Retirement Investment Approach

The last 30 years have been wondrous for stocks. Someone following your approach beginning in 1901 would not have fared so well.

Yes, over most 30 year periods stocks should outperform bonds. The problem with your logic is what happens if they don't.
by letsgobobby
Sat Nov 22, 2014 10:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Proposed Lifetime Retirement Investment Approach
Replies: 24
Views: 1792

Re: What do you splurge on?

This year My dog got sick, then died. $5000. I got sick, but haven't died yet. $6000. Tenth anniversary cruise, with airfare. And a ring. We go out to dinner often enough and at nice enough places. We travel a lot, though not super luxuriously. Decent beer and wine. And my bucket list splurge is a t...
by letsgobobby
Sat Nov 22, 2014 1:13 am
 
Forum: Personal Finance (Not Investing)
Topic: What do you splurge on?
Replies: 104
Views: 5035

Re: Selecting Charities for Donation

That's an interesting idea. Keep in mind that a donor advised fund also eliminates most paperwork and tax receipts.
by letsgobobby
Fri Nov 21, 2014 1:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Selecting Charities for Donation
Replies: 53
Views: 2855

Re: GAO Concerned your IRA may be too big!

a dual-professional couple who aggressively saved and invested in qualified 401k (with full employer contributions) beginning upon departure from school is in serious danger of running afoul of the 5,000,000 figure that is a recurring theme of the GAO report. In a country of over 300,000,000 people...
by letsgobobby
Thu Nov 20, 2014 11:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: GAO Concerned your IRA may be too big!
Replies: 25
Views: 2740

Re: How much is saved by taking mass transit to work?

as you say, the big savings come only if you don't have to keep a car at all = no insurance and no car payment or sunk cost of $20k+.

If you keep a car and drive 5k miles instead of 10k each year, sure, you save money on gas, wear and tear, insurance, but not the big bucks.
by letsgobobby
Thu Nov 20, 2014 5:02 pm
 
Forum: Personal Consumer Issues
Topic: How much is saved by taking mass transit to work?
Replies: 51
Views: 3315

Re: RMD do I have to include my wife's IRA's ?

no. the "I" stands for individual.
by letsgobobby
Thu Nov 20, 2014 4:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: RMD do I have to include my wife's IRA's ?
Replies: 4
Views: 568

Re: Fidelity Charitable Fund Questions

Having a Fido brokerage account and a Fido DAF is super-nice. You can go into your DAF account, choose the option of donating securities from your Fido brokerage, then it lists all of your long term holdings by lot, so you can click click click on each individual lot you want to donate. I chose all ...
by letsgobobby
Thu Nov 20, 2014 3:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Fidelity Charitable Fund Questions
Replies: 34
Views: 2126

Re: Extreme Generosity / Limiting Net Worth

Hello Bogleheads, As someone who has thoroughly been shaped and taught by the Boglehead investing philosophy, I am curious to hear how you feel about the topic of extreme generosity, i.e. setting lifestyle limits not for the sake of wealth accumulation, but rather for the sake of giving. We tend to...
by letsgobobby
Thu Nov 20, 2014 12:39 am
 
Forum: Personal Consumer Issues
Topic: Extreme Generosity / Limiting Net Worth
Replies: 113
Views: 9719

Re: Selecting Charities for Donation

I always wonder, how many folks donate to CharityNavigator itself (it's a registered charity)? Or wikipedia foundation? We donate to each of our respective places of worship (how fun, sometimes our mailman brings "Catholic Northwest" and "Reform Judaism" on the same day), JNF, Wa...
by letsgobobby
Wed Nov 19, 2014 11:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Selecting Charities for Donation
Replies: 53
Views: 2855

Re: Enough compensation

I'd do it for just a million, but you wouldn't want me to.
by letsgobobby
Wed Nov 19, 2014 8:06 pm
 
Forum: Investing - Theory, News & General
Topic: [Bill McNabb's] compensation
Replies: 12
Views: 2052

Re: Poll: How much $ for childcare?

$800/mo for 3 days/week. It's a great place though - really great mix of play and learning and really nice kids and teachers. It's more like a 'school' that a daycare. We had our kids in daycare once for $300/mo for 5 days/week. How terrible, threw them in a dirty room and let them roam around all d...
by letsgobobby
Wed Nov 19, 2014 4:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll: How much $ for childcare?
Replies: 20
Views: 1829

Re: Poll: Net cost of your checking account annually?

I earn 2.25% APY on up to $20,000 in daily balances, so that is about $500 per year. I get all ATM fees reimbursed, haven't paid one of those in years. Our check costs are less than $5 per year since we mostly use free bill pay through the credit union. They even threw in a free wire last year for n...
by letsgobobby
Wed Nov 19, 2014 4:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll: Net cost of your checking account annually?
Replies: 44
Views: 2235

Re: Jeep Cherokee replacement vehicles

you might find an older, underused Toyota Sequoia for that price and mileage but it'd be tough. I like the new model Durangos but they won't be within your budget. Don't look at the older model years, while far cheaper they have an inferior transmission. Would a truck work? Used ones can be found fo...
by letsgobobby
Wed Nov 19, 2014 1:41 am
 
Forum: Personal Consumer Issues
Topic: Jeep Cherokee replacement vehicles
Replies: 9
Views: 1093

Re: Buick regal/chevy impala

They are both two different car sizes, Impala being the larger of the two. I drove a 2014 Impala for a few weeks over the summer as a rental, it had the 4 cylinder engine in town driving and highway was ok but I took a trip into the Colorado mountains and the I thought the 4cyl a little under power...
by letsgobobby
Wed Nov 19, 2014 1:32 am
 
Forum: Personal Consumer Issues
Topic: Buick regal/chevy impala
Replies: 12
Views: 884

Re: Extreme Generosity / Limiting Net Worth

We also spend less than $50,000 per year for a family of four!*

*excluding:
our mortgage PITI
liability, disability, health, auto, homeowner's insurance premiums
daycare
car payment
vacations
charity
by letsgobobby
Wed Nov 19, 2014 1:28 am
 
Forum: Personal Consumer Issues
Topic: Extreme Generosity / Limiting Net Worth
Replies: 113
Views: 9719

Re: Extreme Generosity / Limiting Net Worth

I think this is excellent advice. Not the specific percentages, but the idea of setting aside a certain decided percent of what you earn for charity every year. If one gets in the habit of giving, it becomes part of who you are. If you wait until you become rich with the idealized notion that you w...
by letsgobobby
Tue Nov 18, 2014 4:48 pm
 
Forum: Personal Consumer Issues
Topic: Extreme Generosity / Limiting Net Worth
Replies: 113
Views: 9719

Re: charitable gift trust questions

Thank you for that reply. As you suspected, he doesn't have any highly appreciated securities. He tends to invest in low-appreciating securities. :D What about the typical plug from charities (ie, his alma mater) which will pay "6.8% at age 80"? How much of an immediate deduction does he r...
by letsgobobby
Tue Nov 18, 2014 12:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: charitable gift trust questions
Replies: 6
Views: 819

Re: Extreme Generosity / Limiting Net Worth

Hello Bogleheads, As someone who has thoroughly been shaped and taught by the Boglehead investing philosophy, I am curious to hear how you feel about the topic of extreme generosity, i.e. setting lifestyle limits not for the sake of wealth accumulation, but rather for the sake of giving. We tend to...
by letsgobobby
Tue Nov 18, 2014 11:54 am
 
Forum: Personal Consumer Issues
Topic: Extreme Generosity / Limiting Net Worth
Replies: 113
Views: 9719

Re: Extreme Generosity / Limiting Net Worth

There's major data discrepancy since in another thread (apparently since deleted), average income Americans donate 4.6% and higher income Americans donate 3%ish so those dont seem to jibe with a 2% rate equals 85%ile figure.
by letsgobobby
Mon Nov 17, 2014 10:42 pm
 
Forum: Personal Consumer Issues
Topic: Extreme Generosity / Limiting Net Worth
Replies: 113
Views: 9719

Re: Extreme Generosity / Limiting Net Worth

I followed up on the Notre Dame link from earlier in the survey and they have some fascinating stats. Giving 10% of income (they didn't define gross or net) puts you in the top 3% of givers nationally. 85% of Americans give less than 2%. Shocking! Don't be too impressed with yourself. You have good...
by letsgobobby
Mon Nov 17, 2014 4:53 pm
 
Forum: Personal Consumer Issues
Topic: Extreme Generosity / Limiting Net Worth
Replies: 113
Views: 9719

Re: Extreme Generosity / Limiting Net Worth

I think that's a big reason for the disparate percentage of giving, discussed in another thread here--people who are closer to those in need, to whom those in need are "one of us or could be," prioritize giving more than those more insulated from them. This is a theory, not a fact. I have...
by letsgobobby
Mon Nov 17, 2014 9:42 am
 
Forum: Personal Consumer Issues
Topic: Extreme Generosity / Limiting Net Worth
Replies: 113
Views: 9719

Re: Extreme Generosity / Limiting Net Worth

I'm finding that I enjoy giving money to extended family more than to complete strangers. Funding 529s for nephews/nieces etc. They might not need it as much as a Bangladeshi, but it seems to make me happier because it's almost like I get to share an experience with them. A nearly identical series ...
by letsgobobby
Mon Nov 17, 2014 12:58 am
 
Forum: Personal Consumer Issues
Topic: Extreme Generosity / Limiting Net Worth
Replies: 113
Views: 9719

Re: Extreme Generosity / Limiting Net Worth

I would not adopt your approach because I think we allocate our capital pretty well as it is, to the economic benefit of all. Why, just last night we spent $160 on dinner for four and I can't bear to think of all those tattooed-and-pierced bored Portland waiters out of work if we hadn't done our sha...
by letsgobobby
Sun Nov 16, 2014 9:01 pm
 
Forum: Personal Consumer Issues
Topic: Extreme Generosity / Limiting Net Worth
Replies: 113
Views: 9719

Re: Is this a tax-deductible donation?

How embarrassing to have missed that link at the website! :oops:
by letsgobobby
Sun Nov 16, 2014 8:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is this a tax-deductible donation?
Replies: 3
Views: 653

Is this a tax-deductible donation?

Greetings! Santa's Posse is gearing up to provide food baskets and gifts to hundreds of local families in need this holiday season. The program, which began in 1997, is a partnership among the Clark County Sheriff's Office, Rotary Clubs of Clark County, Fire District 6, Vancouver and Evergreen Schoo...
by letsgobobby
Sun Nov 16, 2014 11:14 am
 
Forum: Personal Finance (Not Investing)
Topic: Is this a tax-deductible donation?
Replies: 3
Views: 653

Re: Want to add bonds to taxable account.

I Bonds as a component? That's 25k per year so if you acted quickly you could have $45k worth by the time you get your tax return in the spring (between you and your wife).

I'd opt for the intermediate tax exempt.
by letsgobobby
Sun Nov 16, 2014 11:05 am
 
Forum: Investing - Help with Personal Investments
Topic: Want to add bonds to taxable account.
Replies: 25
Views: 994

Re: Your car(s) are equal to how many months income

LowER wrote:I was guessing that your car(s) cost more than about $200.

Are you still "letsgobobbybogle?"

sigh, apparently you have usurped me with your lowER Ratio... congrats!
by letsgobobby
Sun Nov 16, 2014 1:00 am
 
Forum: Personal Consumer Issues
Topic: Your car(s) are equal to how many months income
Replies: 93
Views: 5987

Re: Your car(s) are equal to how many months income

I think we switched to annual rather than monthly income. So divide by another 90 or so...
by letsgobobby
Sat Nov 15, 2014 6:31 pm
 
Forum: Personal Consumer Issues
Topic: Your car(s) are equal to how many months income
Replies: 93
Views: 5987

Re: charitable gift trust questions

Thanks, my question is what is that number? And how much of each year's income is taxable?
by letsgobobby
Sat Nov 15, 2014 12:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: charitable gift trust questions
Replies: 6
Views: 819

charitable gift trust questions

I have read the wiki re: tax attributes of charitable gift trusts: http://www.bogleheads.org/wiki/Charitable_gift_annuity#Tax_attributes It references IRS discount rate and also life expectancy tables. How does this operate in practice? Say an 80 year old gives $500,000. What are the tax benefits to...
by letsgobobby
Sat Nov 15, 2014 11:23 am
 
Forum: Personal Finance (Not Investing)
Topic: charitable gift trust questions
Replies: 6
Views: 819

Re: What NW amount makes this person financially free?

3% SWR would say $800k. 4% SWR would say $600k. Yes but I don't want to get technical. If you in an index fund and then proceed to reinvest the dividends, then your SWR is 0%. This is more philosophical, how much to feel financially free to take a 4 month vacation to do whatever, perhaps start a si...
by letsgobobby
Sat Nov 15, 2014 1:58 am
 
Forum: Investing - Theory, News & General
Topic: What NW amount makes this person financially free?
Replies: 19
Views: 2313

Re: Need help for spending hard-earned money wisely

You saved 10% of your income last year as a single mom. You're hardly blowing it. This year max out your 401k and HSA and you'll be at15% of a high income. If that's all you ever did you'd be fine. Sure you could aim higher especially considering future college savings, but you've got a great income...
by letsgobobby
Sat Nov 15, 2014 1:47 am
 
Forum: Personal Finance (Not Investing)
Topic: Need help for spending hard-earned money wisely
Replies: 18
Views: 2372

Re: Resident physician with question regarding 403b/457 fund

Above the 15% bracket I would not. 25-28% might be a toss up but remember you may have low income periods in the future when you can convert as well. Maybe you'll be married with a much larger 15% bracket.
by letsgobobby
Fri Nov 14, 2014 11:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Resident physician with question regarding 403b/457 funds
Replies: 21
Views: 2022

Re: Isn't everybody here market timing, by definition?

By definition, you have to enter the market at a particular time, right? That can be as young as 18 or younger. By definition, you have to draw down at some point in your lifetime, right? If not, your children or grandchildren will have to draw down money at some point right? That in itself is mark...
by letsgobobby
Fri Nov 14, 2014 4:59 pm
 
Forum: Investing - Theory, News & General
Topic: Isn't everybody here market timing, by definition?
Replies: 32
Views: 1887

Re: Your car(s) are equal to how many months income

Have a new car and a 5 year old car. Between one and two months gross income. I selected "2". Ask in 5 years and you'll likely get a lower answer. for a given individual or couple this answer continually changes as a function of time. To capture 'Boglehead frugality' it would be something...
by letsgobobby
Fri Nov 14, 2014 3:28 pm
 
Forum: Personal Consumer Issues
Topic: Your car(s) are equal to how many months income
Replies: 93
Views: 5987

Re: Your car(s) are equal to how many months income

Our two cars combined are worth less than half of one month's gross income. I've been contemplating buying a new car worth a little more than 2 month's income, but haven't been able to justify it in my head. I've wanted this particular type of car since I was 16, but haven't been able to make the m...
by letsgobobby
Fri Nov 14, 2014 1:58 pm
 
Forum: Personal Consumer Issues
Topic: Your car(s) are equal to how many months income
Replies: 93
Views: 5987

Re: If your networth is over $3 million, how did you do it?

DAK wrote:Yes, I got there by saving over 300K per year. The upside/downside is I've developed a very large TAXABLE account at Vanguard.

Which is worst: a very large taxable account, a very large tax-deferred account, or very small accounts on all counts?
by letsgobobby
Fri Nov 14, 2014 12:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 244
Views: 22122

Re: Steps/questions for donating appreciated shares to chari

Close. The $1000 capital gain is not all that is deductible. You get to deduct the entire value of the appreciated shares if you itemize, except as limited by Pease.
by letsgobobby
Thu Nov 13, 2014 11:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Steps/questions for donating appreciated shares to charity
Replies: 4
Views: 288

Re: Your car(s) are equal to how many months income

Have a new car and a 5 year old car. Between one and two months gross income. I selected "2". Ask in 5 years and you'll likely get a lower answer. for a given individual or couple this answer continually changes as a function of time. To capture 'Boglehead frugality' it would be something...
by letsgobobby
Thu Nov 13, 2014 2:21 pm
 
Forum: Personal Consumer Issues
Topic: Your car(s) are equal to how many months income
Replies: 93
Views: 5987

Re: Vanguard launches new offering ...

rob wrote:How much are they offering to pay for my advertising services?

Oh you mean they want us to PAY them and advertise for FREE.... Yeah, not likely :D

In the case of vanguard the "them" is "me" and I benefit directly from their success so I have no problem advertising.
by letsgobobby
Thu Nov 13, 2014 9:34 am
 
Forum: Personal Consumer Issues
Topic: Vanguard launches new offering ... [Vanguard merchandise]
Replies: 90
Views: 9027

Re: If your networth is over $3 million, how did you do it?

Great thing about compound earnings is that you don't have to save the full amount. Your investments do a lot of the work for you.
by letsgobobby
Thu Nov 13, 2014 9:15 am
 
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 244
Views: 22122

Re: Very old Chinese bond; worth anything?

Chinese government was overthrown in 1949. Doubt the Communists would honor this regardless.
by letsgobobby
Wed Nov 12, 2014 8:32 pm
 
Forum: Personal Consumer Issues
Topic: Very old Chinese bond; worth anything?
Replies: 18
Views: 1826

Re: If your networth is over $3 million, how did you do it?

Also just because your net worth is $3 million, it doesn't mean you can easily convert all of it to income. If you have $1 million in home equity that's only $2 million to live on. If you have $500,000 in 529 plans that's not available for your retirement (under normal circumstances). Maybe you have...
by letsgobobby
Wed Nov 12, 2014 8:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 244
Views: 22122

Re: If your networth is over $3 million, how did you do it?

I guess OP wants to know how. I don't believe most folks who have $3M+ got there by going to school and saving. My experience tells me you must have an outside interest such as a small business, real estate, or investing skills. I would suggest adopting one of these interests in addition to the day...
by letsgobobby
Wed Nov 12, 2014 6:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 244
Views: 22122

Re: Your car(s) are equal to how many months income

I'm not sure what one would do with this data. My hypothesis is that on the two 'big ticket consumption items" for most people (houses and cars) , that bogleheads will prove to be very thrifty consumers. The values are useful proxies for consumption costs in groups. You just contradicted yours...
by letsgobobby
Wed Nov 12, 2014 10:05 am
 
Forum: Personal Consumer Issues
Topic: Your car(s) are equal to how many months income
Replies: 93
Views: 5987

Re: Your car(s) are equal to how many months income

If the answers matter at all the more telling question would be how much did your vehicles cost when you bought them?
by letsgobobby
Wed Nov 12, 2014 9:01 am
 
Forum: Personal Consumer Issues
Topic: Your car(s) are equal to how many months income
Replies: 93
Views: 5987

Re: If your networth is over $3 million, how did you do it?

    high income
    family paid for college
    successful market timing, I regret to say
    no major life traumas

Really, there is no substitute for the ability to make and save a lot of money.
by letsgobobby
Wed Nov 12, 2014 8:54 am
 
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 244
Views: 22122

Re: Inheritance/Retirement Planning Question

It's good etiquette to join a new forum, ask a question, then dismiss all the answers as wrong and ill-informed, and then do what you were going to do anyway with a flip of your hair. Kidding obviously. I don't think you read the part where most of the responses were actually answering the question ...
by letsgobobby
Tue Nov 11, 2014 9:38 am
 
Forum: Personal Finance (Not Investing)
Topic: Inheritance/Retirement Planning Question
Replies: 25
Views: 1896

Re: Dealer wants my 2011 Prius, what should I do?

We have a 2012 prius 4 with 55,000 miles. We've paid $800 per month on a 0% 36 month loan and have ten months to go for a total of $28,500 which includes the $2500 in state sales tax. The sales price was $26,000. We owe $8000. We guess it is worth $17,000 plus or minus. My point is after two years o...
by letsgobobby
Tue Nov 11, 2014 12:12 am
 
Forum: Personal Consumer Issues
Topic: Dealer wants my 2011 Prius, what should I do?
Replies: 16
Views: 2023
Next

Return to advanced search