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Re: On average, how often do you check your investment balan

In depth quarterly. Sometimes I look monthly but that usually has to do with where to invest new money, paying down a debt, etc. I have my spreadsheet set up so I can see my stock/bond allocation by percentage without seeing actual dollars. That's prevented a lot of peeking. Science of self control,...
by letsgobobby
Wed Dec 17, 2014 10:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: On average, how often do you check your investment balances?
Replies: 30
Views: 1454

Re: Could it be worth using Roth even in a high tax bracket?

Like Deep Thoughts says, no RMD. No matter how long you live, you can let it ride and not worry about tax effects. And when you no longer live, your beneficiaries will not worry about tax effects either. To go back to OP's point, those are rules that can be changed. So these are rules that currentl...
by letsgobobby
Wed Dec 17, 2014 11:28 am
 
Forum: Investing - Theory, News & General
Topic: Could it be worth using Roth even in a high tax bracket?
Replies: 37
Views: 2195

Re: Pacific Crest Trail

"Wild" not withstanding, most hike the PCT ultralight these days; that's how they can do 20 miles per day. And your friend will be fit in a way you won't be unless you're really fit, since you'll be meeting him weeks after he's started. The most scenic sections are the JMT from Whitney por...
by letsgobobby
Tue Dec 16, 2014 9:02 am
 
Forum: Personal Consumer Issues
Topic: Pacific Crest Trail
Replies: 4
Views: 960

Re: Pacific Crest Trail

Only parts. There is a non profit advocacy organization and an annual kick off party outside San Diego. Lots of good books. Are you doing the whole thing?
by letsgobobby
Mon Dec 15, 2014 11:38 pm
 
Forum: Personal Consumer Issues
Topic: Pacific Crest Trail
Replies: 4
Views: 960

Re: White Coat Investor in Forbes

livesoft wrote:Do doctors ever have their photograph taken without a stethoscope?

yes, some do.
by letsgobobby
Mon Dec 15, 2014 5:00 pm
 
Forum: Investing - Theory, News & General
Topic: White Coat Investor in Forbes
Replies: 20
Views: 3459

Re: What are your 2015 Financial Goals?

Not have $50,000 in medical expenses (out of pocket: $8500) Possibly move to our smaller house, sell larger one, buy land for semi-dream house Stop paying for day care (done deal, August 2015 is our last month!) Pay off car (0% interest, last payment is September 2015) Not go on a 10th anniversary ...
by letsgobobby
Mon Dec 15, 2014 12:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: What are your 2015 Financial Goals?
Replies: 79
Views: 4701

Re: How many families use 529 plans?

The529guy wrote:This is not quite right. Mandatory tuition, fees, books, supplies, and equipment are qualified education expenses, regardless of your enrollment status. You only need to be at least a half-time student for room and board to become qualified.

thank you for that correction. :thumbsup
by letsgobobby
Mon Dec 15, 2014 12:09 am
 
Forum: Personal Finance (Not Investing)
Topic: How many families use 529 plans?
Replies: 113
Views: 8586

Re: What is a move-up car after mid-size sedan?

The new Impalas get phenomenal reviews and are around $40k or a little more.

Like I said earlier, what features do you want for an extra $10k?
by letsgobobby
Sun Dec 14, 2014 12:54 pm
 
Forum: Personal Consumer Issues
Topic: What is a move-up car after mid-size sedan?
Replies: 63
Views: 4004

Re: How many families use 529 plans?

The 529 investment only grows tax-free if used for QHEEs. Recall a majority of Americans do not go to college , so no QHEEs. I don't think that is correct. "In October 2011, 68.3 percent of 2011 high school graduates were enrolled in colleges or universities, the U.S. Bureau of Labor Statistic...
by letsgobobby
Sun Dec 14, 2014 11:48 am
 
Forum: Personal Finance (Not Investing)
Topic: How many families use 529 plans?
Replies: 113
Views: 8586

Re: College Savings

Some confusion, you have.

529 tax benefits have nothing to do with federal income tax deductions.

Your comment about maxing out itemized deductions has no basis in law, what are you referring to?

FLORIDA has no state income tax so there is no state income tax benefit to using a 529 in your case.
by letsgobobby
Sun Dec 14, 2014 3:23 am
 
Forum: Investing - Help with Personal Investments
Topic: College Savings
Replies: 20
Views: 1392

Re: What is a move-up car after mid-size sedan?

My point is if you want a faster car, buy a faster car. If you want a quieter car, buy a quieter car. If you want to impress someone, buy an impressive car.

But if you want to spend $x on a car with no other criteria, I don't understand.
by letsgobobby
Sat Dec 13, 2014 10:44 pm
 
Forum: Personal Consumer Issues
Topic: What is a move-up car after mid-size sedan?
Replies: 63
Views: 4004

Re: What is a move-up car after mid-size sedan?

Picking a dollar figure first seems strange. Maybe pick which features you want that aren't available in your current or previous vehicles and go from there.

For instance if I ever buy a fancy car, it's going to be for one reason: it's quiet as an empty concert hall.
by letsgobobby
Sat Dec 13, 2014 7:07 pm
 
Forum: Personal Consumer Issues
Topic: What is a move-up car after mid-size sedan?
Replies: 63
Views: 4004

Re: friend has $70K; wants income from it

$70k will throw off about $250 per month in sustainable income.

Don't spend it all in one place.
by letsgobobby
Sat Dec 13, 2014 4:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: friend has $70K; wants income from it
Replies: 11
Views: 2115

Re: Deductions!

Charity
by letsgobobby
Sat Dec 13, 2014 3:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Deductions!
Replies: 31
Views: 2525

Re: Bumped out of first class at boarding - compensation?

you should really be doing this at Flyertalk... they would help you more, on average, than Bogleheads.
by letsgobobby
Sat Dec 13, 2014 2:19 pm
 
Forum: Personal Consumer Issues
Topic: Bumped out of first class at boarding - compensation?
Replies: 52
Views: 6312

Re: College Savings

High tax bracket just means you should use a 529 rather than a taxable account; it doesn't tell you which 529 to use.

But NV, CA, UT, and NY all have good, cheap plans.
by letsgobobby
Sat Dec 13, 2014 12:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: College Savings
Replies: 20
Views: 1392

Re: Bumped out of first class at boarding - compensation?

Oh boy.... Just for a 5 second explanation. Each ticket has a different class. Tickets bought with miles are in a "lower" class than full-fare tickets. What probably happened was that the flight was oversold, which is a common practice because of no-shows and the other passengers had full...
by letsgobobby
Fri Dec 12, 2014 11:58 pm
 
Forum: Personal Consumer Issues
Topic: Bumped out of first class at boarding - compensation?
Replies: 52
Views: 6312

Re: Don't Peek [at Your Portfolio Balance]

My goal is to update my spreadsheet quarterly and no more. I also save quarterly statements.

But it seems this 'hands off' approach is at odds with the need to monitor accounts closely for fraud, etc.
by letsgobobby
Fri Dec 12, 2014 8:48 pm
 
Forum: Investing - Theory, News & General
Topic: Don't Peek [at Your Portfolio Balance]
Replies: 33
Views: 3866

Re: Non-deductible IRA now for future backdoor Roth

In 2006 the law was changed allowing Roth conversions regardless of income beginning in 2010. Anyone whose income was over the $100k limit could have made non-deductible contributions (in 06, 07, 08, 09, and 10) in anticipation of converting in 2010. We did that and by 2010 we had $66,000 between ou...
by letsgobobby
Fri Dec 12, 2014 3:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Non-deductible IRA now for future backdoor Roth
Replies: 7
Views: 820

Re: Non-deductible IRA now for future backdoor Roth

You would like to avoid taxes on gains even at the expense of avoiding the gains themselves?
by letsgobobby
Fri Dec 12, 2014 12:17 am
 
Forum: Investing - Help with Personal Investments
Topic: Non-deductible IRA now for future backdoor Roth
Replies: 7
Views: 820

Re: Why So Many Used Prius for Sale?

We are not typically early adopters, but we bought a 2003 Prius in 2002. We sold it in 2013 with about 225,000 miles on it. I would have kept it, but the air conditioning started to behave badly and repair would have been expensive. We still have our 2005 Prius bought in 2004. 165,000 miles, never ...
by letsgobobby
Thu Dec 11, 2014 12:32 pm
 
Forum: Personal Consumer Issues
Topic: Why So Many Used Prius for Sale?
Replies: 51
Views: 6790

Re: Poll: Your Portfolio Tax Diversification

40% taxable
40% pre-tax
20% tax nirvana (HSA and Roth)

I voted "nothing close"
by letsgobobby
Thu Dec 11, 2014 12:05 am
 
Forum: Investing - Theory, News & General
Topic: Poll: Your Portfolio Tax Diversification
Replies: 45
Views: 2421

How much do financial advisors make?

I realize there are some uber-successful folks out there, but how much does a typical FA make? How long does it take to build a practice? Are there lots of struggling FAs out there? Do you have to sell your Boglehead soul to make a living as an FA?
by letsgobobby
Wed Dec 10, 2014 3:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much do financial advisors make?
Replies: 5
Views: 906

Re: Harvey paper says re-balancing adds risk

when stocks are moving up, rebalancing decreases risk (moving stocks to bonds). When stocks are moving down, rebalancing adds risk (moving bonds to stocks). As pointed out upthread, the goal is to maintain risk at a fairly constant level. You are not getting to the heart of the idea though because ...
by letsgobobby
Tue Dec 09, 2014 11:38 am
 
Forum: Investing - Theory, News & General
Topic: Harvey paper says re-balancing adds risk
Replies: 72
Views: 4339

Re: Harvey paper says re-balancing adds risk

when stocks are moving up, rebalancing decreases risk (moving stocks to bonds). When stocks are moving down, rebalancing adds risk (moving bonds to stocks). As pointed out upthread, the goal is to maintain risk at a fairly constant level.
by letsgobobby
Tue Dec 09, 2014 10:12 am
 
Forum: Investing - Theory, News & General
Topic: Harvey paper says re-balancing adds risk
Replies: 72
Views: 4339

Re: High(ish) earner; spending too much?

Hello. Obviously too much is a subjective question of course, but thought I'd run it by the crowd. One reason I feel "guilty" about spending is because my coworkers are extremely frugal, and next to them I look comparatively prodigal.* Though I suppose if I'm looking to rationalize discre...
by letsgobobby
Tue Dec 09, 2014 12:14 am
 
Forum: Investing - Help with Personal Investments
Topic: High(ish) earner; spending too much?
Replies: 66
Views: 6996

Re: Portfolio rejigger? VSS, VBR, muni location?

I have institutional total bond or total international available in my 403b. So it seems like the choice comes down to after tax total returns, and those seem pretty comparable from what you're saying. Sorry, don't know why I said 23.8%, it is 18.8%. Probably will go with VWITX in taxable kust to in...
by letsgobobby
Mon Dec 08, 2014 4:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio rejigger? VSS, VBR, muni location?
Replies: 38
Views: 3040

Re: Portfolio rejigger? VSS, VBR, muni location?

I'm thinking of buying VWITX in taxable and switching out stable value fund in 403b for total international stock. I benefit because some of total international 's dividends are not qualified and in a 403b I don't have to pay 35% taxes on those. However I do lose the foreign tax credit. What do you...
by letsgobobby
Mon Dec 08, 2014 12:46 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio rejigger? VSS, VBR, muni location?
Replies: 38
Views: 3040

Re: Portfolio rejigger? VSS, VBR, muni location?

Bumping this up. I'm thinking of buying VWITX in taxable and switching out stable value fund in 403b for total international stock. I benefit because some of total international 's dividends are not qualified and in a 403b I don't have to pay 35% taxes on those. However I do lose the foreign tax cre...
by letsgobobby
Sun Dec 07, 2014 7:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio rejigger? VSS, VBR, muni location?
Replies: 38
Views: 3040

Re: Better at making than investing

I second the idea of an advisor. You can find a good one who posts right here on these boards for fifty basis points per year. Well worth it in my opinion given the facts as you've described them.
by letsgobobby
Sun Dec 07, 2014 12:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Better at making than investing
Replies: 17
Views: 2000

Re: Got earthquake insurance?

This is a timely topic, as I may be moving to that part of the country and this is something to think about. I don't really know how the system works, as in who is providing the financial backing should say an 8.2 earthquake hit a major metro area? How sure is a holder of getting paid in a major ev...
by letsgobobby
Sun Dec 07, 2014 1:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Got earthquake insurance?
Replies: 35
Views: 2059

Re: Who Paid for the wedding?

Seems so outdated to me for the bride's family to pay alone. Plus if he pays, he gets equal say in exactly how extravagant the affair should be. We paid for our own wedding. I'm 41 if that matters. Were you married recently? I mean perhaps the expectations are different when people, as is more comm...
by letsgobobby
Sat Dec 06, 2014 9:04 pm
 
Forum: Personal Consumer Issues
Topic: Who Paid for the wedding?
Replies: 94
Views: 6482

Re: Why So Many Used Prius for Sale?

Mike, it's the tires as that's when our mpg dropped. I review at multiple sources including tirerack and Consumer Reports and felt this was the best all around option for our situation. Not at all unhappy with the results given the improvement in ride quality.
by letsgobobby
Sat Dec 06, 2014 7:13 pm
 
Forum: Personal Consumer Issues
Topic: Why So Many Used Prius for Sale?
Replies: 51
Views: 6790

Re: Who Paid for the wedding?

Seems so outdated to me for the bride's family to pay alone. Plus if he pays, he gets equal say in exactly how extravagant the affair should be. We paid for our own wedding. I'm 41 if that matters.
by letsgobobby
Sat Dec 06, 2014 7:11 pm
 
Forum: Personal Consumer Issues
Topic: Who Paid for the wedding?
Replies: 94
Views: 6482

Re: Got earthquake insurance?

In the Loma Prieta quake , whose actual epicenter was about 6 miles from my house at the time, my neighbors house got destroyed and had to be demolished. It was a geodesic dome that shifted about 2 feet off its foundation (which it was bolted to). My house only had a cracked window as damage. My ne...
by letsgobobby
Sat Dec 06, 2014 1:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Got earthquake insurance?
Replies: 35
Views: 2059

Re: mother-in-law wrecked our car

I have a peripheral role in assessing driver safety as part of my professional work. Driving is a very complex task and lends itself to seriously negative outcomes, not to mention liability, so I cannot afford to be cavalier about the work. There are some black and white cases of cognitive or physic...
by letsgobobby
Sat Dec 06, 2014 1:43 pm
 
Forum: Personal Consumer Issues
Topic: mother-in-law wrecked our car
Replies: 52
Views: 5255

Got earthquake insurance?

If you live in the Pacific Northwest, might want to consider it. I'm not sure how predictive these things are; probably not very in the short run. But this morning's local paper cites concern that the Cascadia Subduction Zone is "stuck," meaning there has been little to no indication of mi...
by letsgobobby
Sat Dec 06, 2014 1:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Got earthquake insurance?
Replies: 35
Views: 2059

Re: Why So Many Used Prius for Sale?

My commute is 27 highway miles and the prius gets 45 mpg+ without fail. No non-hybrid, non-diesel car could do the same. I grant the advantage is small under these conditions but it is not zero. What year is your Prius, what is the top speed for this trip and what state is it driven? I have to try ...
by letsgobobby
Sat Dec 06, 2014 11:53 am
 
Forum: Personal Consumer Issues
Topic: Why So Many Used Prius for Sale?
Replies: 51
Views: 6790

Re: Vanguard offers login security code

I wish they didn't have the phone number restriction, but I won't say why because others have dumped on me before when I've disclosed it. Suffice to say, it would be more helpful to me if we could access, say, my wife's Vanguard account using my cell phone. Sounds like Google Voice could help us get...
by letsgobobby
Sat Dec 06, 2014 11:48 am
 
Forum: Personal Consumer Issues
Topic: Vanguard offers login security code
Replies: 96
Views: 13970

Re: Vanguard offers login security code

Suck eggs, you people with no text capabilities, signed Vanguard. If you turn on the computer specific restriction (as I have) the potential evil doer has to physically steal your computer as well as get your password. I think my risk of getting struck by a meteorite is higher. Still nice that Vang...
by letsgobobby
Sat Dec 06, 2014 11:04 am
 
Forum: Personal Consumer Issues
Topic: Vanguard offers login security code
Replies: 96
Views: 13970

Re: Why So Many Used Prius for Sale?

Honda Hybrids are not as reliable or efficient as Toyota's, but you can drive them without the hybrid system, Toyota's cannot. My work commute is 2 miles. I get 25mpg in the 2012 Civic and 40+mpg in the 2013 Prius. I think you have to break 15k miles a year to get a return on the hybrid tax on a Pr...
by letsgobobby
Sat Dec 06, 2014 9:45 am
 
Forum: Personal Consumer Issues
Topic: Why So Many Used Prius for Sale?
Replies: 51
Views: 6790

Re: mother-in-law wrecked our car

Various sources are available to help explain the many causes of "pedal misapplication" and one of the best is from the National Highway Traffic Safety Administration on "Pedal Application Errors." Here's the link: http://www.nhtsa.gov/staticfiles/nti/pdf/811597.pdf‎ thanks for ...
by letsgobobby
Fri Dec 05, 2014 8:25 pm
 
Forum: Personal Consumer Issues
Topic: mother-in-law wrecked our car
Replies: 52
Views: 5255

Re: Really Need Advice - Coming Back into Market

For someone who performance chased repeatedly in the last decade, taking on 100% stock risk is simply ill-considered. At age 38, and given your history and current market valuations, I encourage a 60/40 portfolio and no more than 70/30 under any circumstance. Yeah, I know. I'd like to have about th...
by letsgobobby
Fri Dec 05, 2014 5:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Really Need Advice - Coming Back into Market
Replies: 25
Views: 2044

Re: Really Need Advice - Coming Back into Market

For someone who performance chased repeatedly in the last decade, taking on 100% stock risk is simply ill-considered.

At age 38, and given your history and current market valuations, I encourage a 60/40 portfolio and no more than 70/30 under any circumstance.
by letsgobobby
Fri Dec 05, 2014 4:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Really Need Advice - Coming Back into Market
Replies: 25
Views: 2044

Re: mother-in-law wrecked our car

I think it will be better to focus on the financial aspects of this event, relating to insurance and possibly out of pocket restitution to the neighbor. Discussion about reasons for mistaking the various control pedals based on gender and age are a separate issue... From a financial standpoint, I w...
by letsgobobby
Fri Dec 05, 2014 1:11 pm
 
Forum: Personal Consumer Issues
Topic: mother-in-law wrecked our car
Replies: 52
Views: 5255

Re: Bogle Advises Investing No More Than 20% Outside U.S.

Not to mention that 100% of my real estate and 100% of my fixed income is already US, so I feel my stocks need to have an international tilt.

As I near retirement I may tilt somewhat back toward US since my obligations will be in US dollars. Haven't decided.
by letsgobobby
Fri Dec 05, 2014 12:26 pm
 
Forum: Investing - Theory, News & General
Topic: Bogle Advises Investing No More Than 20% Outside U.S.
Replies: 106
Views: 10928

Re: mother-in-law wrecked our car

Almost all accidents are accidents. What is your point?
by letsgobobby
Fri Dec 05, 2014 12:02 pm
 
Forum: Personal Consumer Issues
Topic: mother-in-law wrecked our car
Replies: 52
Views: 5255

Re: Bogle Advises Investing No More Than 20% Outside U.S.

I'm 60% international and feel that for the next 30-50 years (my hoped for investing timeframe), this will be appropriate. It didn't work out this year, or even the last five. That doesn't mean it's wrong.

I disagree with Bogle on this one.
by letsgobobby
Fri Dec 05, 2014 11:52 am
 
Forum: Investing - Theory, News & General
Topic: Bogle Advises Investing No More Than 20% Outside U.S.
Replies: 106
Views: 10928

Re: mother-in-law wrecked our car

I'm glad your MIL wasn't hurt, but has she been evaluated for medical conditions that may affect her ability to drive safely? I strongly second this opinion. This incident would make me very suspicious, since 'hitting the gas accidentally' normally doesn't cause this type of extensive damage unless...
by letsgobobby
Fri Dec 05, 2014 11:51 am
 
Forum: Personal Consumer Issues
Topic: mother-in-law wrecked our car
Replies: 52
Views: 5255

Re: Best Investment Advice For 49-Year Old With Two Million

Knowing nothing else, 60/40 and 5% per year. If looking badly they annuitize down the road. You haven't read Bernstein have you? 5% per year is dangerous, 4 % is better, less is preferable. My question to the OP is - what was the 49 year old doing before the inheritance to enable them to live on a ...
by letsgobobby
Fri Dec 05, 2014 11:48 am
 
Forum: Investing - Help with Personal Investments
Topic: Best Investment Advice For 49-Year Old With Two Million Cash
Replies: 23
Views: 3204
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