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Re: husband with bi-polar condition spending lots of $

Not being responsible for a spouses debts could become problematic, depending on your state. I am no lawyer, but if he takes out loans or credit cards the spouse might still be responsible. Is she able to reign him in at all? ie, cancel his credit cards, put a credit freeze on his credit so that he ...
by mhalley
Sun Dec 21, 2014 12:13 am
 
Forum: Personal Finance (Not Investing)
Topic: husband with bi-polar condition spending lots of $
Replies: 17
Views: 3054

Re: Gaming PC for son, buy or build?

One more thing. Building the pc can be a simple build or a complicated build. IE, if you get a barebones pc, the motherboard and cpu may already be installed, so you only have to install the memory, hard drive, dvd drive, etc. Vs a complete build where you have to install the motherboard, cpu and ev...
by mhalley
Fri Dec 19, 2014 9:26 pm
 
Forum: Personal Consumer Issues
Topic: Gaming PC for son, buy or build?
Replies: 48
Views: 2202

Re: Gaming PC for son, buy or build?

I was always a little too chicken to build my own, thus I have purchased gaming pcs several times. I have had a Falcon Nortwest, an Alienware, and a Digital Storm. OF them all, I think the Digital Storm has been the best as far as quality and product support. So if you elect to buy, I highly recomme...
by mhalley
Fri Dec 19, 2014 9:11 pm
 
Forum: Personal Consumer Issues
Topic: Gaming PC for son, buy or build?
Replies: 48
Views: 2202

Re: Term life insurance- I don't have it. Do I need it?

The rule of thumb is somewhere between 8-12 times annual income. This varies depending on how old you are, how much you have saved already, special needs in the family etc. Work insurance is generally not sufficient, because what happens if you get fired, and in the meantime have become ill and now ...
by mhalley
Thu Dec 18, 2014 7:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term life insurance- I don't have it. Do I need it?
Replies: 19
Views: 1429

Re: Approaching retirement, withdrawal strategies?

Run some scenarios with I-orp. This will: The Optimal Retirement Planner (ORP) computes the plan that maximizes your annual retirement spending. Before retirement ORP determines which retirement savings account to contribute to. After retirement ORP spreads your saving withdrawals across the entire ...
by mhalley
Thu Dec 18, 2014 4:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Approaching retirement, withdrawal strategies?
Replies: 9
Views: 1035

Re: Vanguard's International Small Cap Fund -ETF vs Mutual F

Thanks for the info, i called vanguard to convert my mf to the etf. Just didn't realize their was such a diff. In fees.
Mike
by mhalley
Thu Dec 18, 2014 1:53 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard's International Small Cap Fund -ETF vs Mutual Fund
Replies: 17
Views: 1939

Re: Helping out family members

Helping someone that has been cruel to me in the past would be WAAAY down on my list of priorities. I certainly wouldn't volunteer to do it. OTOH, if you want to mend fences and they come to you hat in hand then you might consider it, providing they have a plan and are not just going to keep on maki...
by mhalley
Mon Dec 15, 2014 8:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Helping out family members
Replies: 64
Views: 4441

Re: Another new laptop advice.

Quickbooks does have an online version, whether it is worth 10 bucks a month I don't know. So it might be doable on a chromebook.
Mike
by mhalley
Mon Dec 15, 2014 7:11 pm
 
Forum: Personal Consumer Issues
Topic: Another new laptop advice.
Replies: 10
Views: 1247

Re: Dollar Cost Averaging with commission free ETFs

The main thing with ETFs is the bid/ask spread. With a major index fund with a lot of volume, it might not be a problem, but is something to be aware of. With a mutual fund, you don't have to worry about the price, because you get the price that is set at the end of the day. With some ETFs you might...
by mhalley
Mon Dec 15, 2014 7:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Dollar Cost Averaging with commission free ETFs
Replies: 2
Views: 342

Re: Gift to Yourself

I picked up the Anova Precision Sous Vide Immersion Cooker. Got some 24 hr baby back ribs going right now, will see if it was worth it tomorrow.
Mike
by mhalley
Mon Dec 15, 2014 5:49 pm
 
Forum: Personal Consumer Issues
Topic: Gift to Yourself
Replies: 36
Views: 4284

Re: Taste testing wine at home

Looks like grape Kool-aid with a shot of vodka would be great! Another thing to try is to see if there are any wine tasting clubs in your area. Might try Meetup.com
MIke
by mhalley
Mon Dec 15, 2014 5:41 pm
 
Forum: Personal Consumer Issues
Topic: Taste testing wine at home
Replies: 23
Views: 1661

Re: How FINRA saved my Grandma's bacon

I can't help but wonder why grandma had 50k laying around in a checking account?
Mike
by mhalley
Mon Dec 15, 2014 5:29 pm
 
Forum: Investing - Theory, News & General
Topic: How FINRA saved my Grandma's bacon
Replies: 21
Views: 2014

Re: Managing a windfall & fixing my high-fee portfolio

With that much money you would have access to the vanguard financial planner, so they could help you decide on how to do that. There is something to be said for pulling the bandaid off all at once, depending on how big an owie it will be. Otoh, i have no experience with this,( weathfront ) but it so...
by mhalley
Mon Dec 15, 2014 3:08 am
 
Forum: Investing - Help with Personal Investments
Topic: Managing a windfall & fixing my high-fee portfolio
Replies: 19
Views: 2578

Re: Your Favorite Cookbook?

I just got an immersion cooker to try some sous vide cooking. Anyone doing this, or have a fav cookbook/ web site?
Mike
by mhalley
Mon Dec 15, 2014 2:38 am
 
Forum: Personal Consumer Issues
Topic: Your Favorite Cookbook?
Replies: 60
Views: 4134

Re: Are all computer printers now wireless?

The specs at the brother website def say it has a usb port, not an ethernet port. Perhaps it needs this kind of usb cable? http://www.amazon.com/AmazonBasics-USB-A-Male-B-Male-Cable/dp/B001TH7GUA/ref=sr_1_3?ie=UTF8&qid=1418617417&sr=8-3&keywords=usb+cable Its annoying when products don't...
by mhalley
Sun Dec 14, 2014 11:16 pm
 
Forum: Personal Consumer Issues
Topic: Are all computer printers now wireless?
Replies: 33
Views: 2037

Re: How to teach young kids to be frugal?

Came accross this board game, perhaps it would be helpful. Give Your Child a Financial Head Start With CASHFLOW for Kids. With CASHFLOW for Kids, your kids have fun and you have peace of mind. That's because CASHFLOW for Kids is a fun game with exciting challenges that is sure to please any little t...
by mhalley
Sun Dec 14, 2014 10:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to teach young kids to be frugal?
Replies: 65
Views: 4171

Re: Volvo vs. Mercedes

My wife loves her BMW X-1. We drove a lot of luxury SUVs before she decided on it. Too soon to tell about reliability, but as she does not put a lot of miles on yearly it should be time for a trade in before it starts getting up into the stratospheric repairs called for category.
Mike
by mhalley
Sun Dec 14, 2014 4:36 pm
 
Forum: Personal Consumer Issues
Topic: Volvo vs. Mercedes
Replies: 52
Views: 4580

Re: Please help. IPad spoiling my Christmas surprises

You could download and use a different browser on the Ipad and use it only for doing the shopping. I don't think browsers can share cookies. http://www.pcmag.com/article2/0,2817,2409904,00.asp O, and here is some details about private browsing another poster mentioned: http://ipad.about.com/od/ipad_...
by mhalley
Sun Dec 14, 2014 4:32 pm
 
Forum: Personal Consumer Issues
Topic: Please help. IPad spoiling my Christmas surprises
Replies: 19
Views: 2536

Re: Taste testing wine at home

I saw this on Shark Tank the other day. I don't know if the wine is any good, maybe you could get the assorted case of wine to see if there are any you like, then buy what makes your taste buds happy.
http://shop.zipzwine.com/Wines
Mike
by mhalley
Sun Dec 14, 2014 4:20 pm
 
Forum: Personal Consumer Issues
Topic: Taste testing wine at home
Replies: 23
Views: 1661

Re: Current streaming devices vs G Box

I don't have one but it looks pretty cool. The big difference is that it is basically an android device, so you can run any android app on it that you could from a smart phone or a tablet. I play games on my pc using an android emulator, this would allow a similar experience using your tv.The roku e...
by mhalley
Sun Dec 14, 2014 1:48 am
 
Forum: Personal Consumer Issues
Topic: Current streaming devices vs G Box
Replies: 1
Views: 397

Re: sizeable negative balaance on credit card--how to access

I have had this happen a couple of times. If you don't charge up the negative balance they will eventually cut you a check. I am sure if you call them they would do it sooner.
Mike
by mhalley
Fri Dec 12, 2014 8:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: sizeable negative balaance on credit card--how to access?
Replies: 24
Views: 2786

Re: Conservative Portfolio-accept advice or go it alone?

I don't think I would pay the .3%. Any of the strategies you talk about should be fine. The board would be happy to help you set up your portfolio if you don't want to go with Wellesley or Lifestrategy.
Mike
by mhalley
Fri Dec 12, 2014 5:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Conservative Portfolio-accept advice or go it alone?
Replies: 15
Views: 1544

Re: Umbrella Liability Insurance - Need it or not?

For a high net worth individual, or in a high paying position with the potential to become such, I think a minimum of a million is reasonable. Some would say 2. If you are a normal middle class person, then the need would be much less. If you look at your insurance policies, they have very low payou...
by mhalley
Fri Dec 12, 2014 5:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Umbrella Liability Insurance - Need it or not?
Replies: 49
Views: 4505

Re: funds which glide in <10 years

No one here would recommend such a strategy, and I never heard of any fund that would do this. Generally even the most conservative funds that are not 100% bond funds contain such as TR Income contains 21.6% stocks. Maybe a broker/advisor would do that for you, but it doesn't really seem to be a goo...
by mhalley
Fri Dec 12, 2014 12:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: funds which glide in <10 years
Replies: 7
Views: 935

Re: Asset placement for someone retiring early

The bonds go in taxable is becoming more controversial. Since you are expecting the tax deferred money to grow for many years, I would definitely put stocks in there, not just bonds. White coat Investor had a good article about it: http://whitecoatinvestor.com/asset-location-bonds-go-in-taxable/ I e...
by mhalley
Thu Dec 11, 2014 11:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Asset placement for someone retiring early
Replies: 4
Views: 796

Re: Stolen computer

Lifelock purports to help you if you have your identity stolen. Supposedly, you can spend many hours trying to clear up the many problems it can cause, and they will help you do that. Clark Howard feels you are much better off doing a credit freeze and preventing the problem in the first place. Whet...
by mhalley
Thu Dec 11, 2014 9:09 pm
 
Forum: Personal Consumer Issues
Topic: Stolen computer
Replies: 29
Views: 2360

Re: Soon To Retire - Portfolio Advice

I don't know for sure, but suspect you will not be able to roll over your DFA funds to Vanguard. Call Vanguard and they will be able to tell you, or someone here should be able to tell you. If you do not want to be out of the market during the transfer, you might want to convert them to equivilant v...
by mhalley
Thu Dec 11, 2014 6:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Soon To Retire - Portfolio Advice
Replies: 11
Views: 1826

Re: Ivy League Portfolio / Schwab

Schwab has all those available as their ETFs, including a tips fund. The one that is a little more difficult to match seems to be VEA. Try the ones suggested here: http://www.etf.com/VEA to see if one come close to what you want. Check out these schwab etf portfolios. the middle of the road one cont...
by mhalley
Thu Dec 11, 2014 5:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Ivy League Portfolio / Schwab
Replies: 4
Views: 917

Re: Toddlers first flight

You might discuss this with your pediatrician, some recommend a decongestant before flying.
Mike
by mhalley
Wed Dec 10, 2014 5:26 pm
 
Forum: Personal Consumer Issues
Topic: Toddlers first flight
Replies: 30
Views: 1844

Re: If you don't need the Soc Sec, when to start taking it?

Its sad, only retired 2 mos and the old-timers already starting. Yes, a snowbird is the correct term. Lol
Mike
by mhalley
Tue Dec 09, 2014 2:18 am
 
Forum: Personal Finance (Not Investing)
Topic: If you don't need the Soc Sec, when to start taking it?
Replies: 39
Views: 4253

Re: I need to accumulate $30k over the next 2 years, how?

You just can't invest money with that short of a time frame. The most you could do is a ladder of cds and a Hi yield savings account. You will have to do a Dave Ramsey "rice and beans, beans and rice, don't see the inside of a resteraunt unless you work there, no cable tv, etc, etc. " Thin...
by mhalley
Mon Dec 08, 2014 8:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: I need to accumulate $30k over the next 2 years, how?
Replies: 59
Views: 4036

Re: If you don't need the Soc Sec, when to start taking it?

I guess one thing to consider is the effect on your taxes with SS. Are you going to have significant RMDs? Do you or are you converting to Roth IRA? You might play around with I-ORP to see if that will help clarify matters. Bogleheads often advocate taking SS later, but mostly that is to ensure the ...
by mhalley
Mon Dec 08, 2014 8:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: If you don't need the Soc Sec, when to start taking it?
Replies: 39
Views: 4253

Re: Protocol for taking a deposit on an item I'm selling

If you don't cash the check she can always change her mind and cancel the check. Many family members, let alone neighbors, renege on promises. I would cash it.
Mike
by mhalley
Mon Dec 08, 2014 5:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Protocol for taking a deposit on an item I'm selling
Replies: 15
Views: 675

Re: What's the logic behind the Roth IRA income limit

At the risk of having the thread locked, why is the maximum AMOUNT so low? I feel sorry for the people that have no 401k at work and can thus only invest 5500 a year in a retirement account. No sense whatsever.
Mike
by mhalley
Sun Dec 07, 2014 8:07 pm
 
Forum: Investing - Theory, News & General
Topic: What's the logic behind the Roth IRA income limit
Replies: 12
Views: 1316

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

15% is a general guideline for saving for retirement. At 30% you are double that, so I think you are doing fine. at 1.5 mil at 32, you are WAY ahead of most people. Here is a table from forbes about how much to have saved at certain age: Age Salary Multiple 35 1x 45 3x 55 5x 65 8x So it looks like y...
by mhalley
Sun Dec 07, 2014 8:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: High(ish) earner; spending too much?
Replies: 71
Views: 8625

Re: Better at making than investing

Dang, had to look up tendentious . Disappointed it was not more disparaging.
Mike
by mhalley
Sun Dec 07, 2014 4:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Better at making than investing
Replies: 17
Views: 2004

Re: Anyone here invest in BKLN, HYS, EMB or LEMB?

I have a little in hys. Sort of regret it now, thinking about going back to total bond with it. I am down 3.49% this year since I bought it. I was stupidly reaching for yield.
Mike
by mhalley
Sun Dec 07, 2014 3:39 pm
 
Forum: Investing - Theory, News & General
Topic: Anyone here invest in BKLN, HYS, EMB or LEMB?
Replies: 1
Views: 254

Re: Holiday Meal Splurging (Wagyu beef)

I've ordered the new Anova Precision, hopefully will be here in time for some xmas filets. They are sold out now so you can't get one until Jan. This looks like a great meal: https://afrotoast.wordpress.com/2014/11 ... zed-roots/
Mike
by mhalley
Sun Dec 07, 2014 3:31 pm
 
Forum: Personal Consumer Issues
Topic: Holiday Meal Splurging (Wagyu beef)
Replies: 17
Views: 1541

Re: Why is Dave Ramsey wrong?

I heard another example where his advice might be wrong due to his underlying assumptions. A woman called in about whether to take her pension as a lump sum or as a pension. The numbers she gave for a relatively small amount of money was basically a 10% return. From her conversation, she obviously w...
by mhalley
Sat Dec 06, 2014 6:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why is Dave Ramsey wrong?
Replies: 73
Views: 9990

Re: Better at making than investing

A refrain often seen here is the willingness, ability and NEED to take risk. With that much money, you may have no NEED to take risk. I have seen Suze Orman dissed about her personal investments at times, because she has a most of her money tied up in munis. She does this because she has no need to ...
by mhalley
Sat Dec 06, 2014 5:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Better at making than investing
Replies: 17
Views: 2004

Re: Is it safe to leave Laptop in hotel room

I don't think it is "safe" per se. If you put it inside your luggage, the chances of it being stolen are less. Sometimes the front desk has a safe for valuables, you might ask them if they have something like that. You can also use one of those "bike lock" type cables. They seem ...
by mhalley
Sat Dec 06, 2014 12:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is it safe to leave Laptop in hotel room
Replies: 65
Views: 7854

Re: Why is Dave Ramsey wrong?

For the people that have never listened to Dave I do recommend that you go to youtube or one of the radio apps like tunein and listen to some of his shows. They are entertaining. I am also in the camp that Dave does help a lot of people. If someone didn't listen to his show, thus never got out of de...
by mhalley
Sat Dec 06, 2014 2:28 am
 
Forum: Personal Finance (Not Investing)
Topic: Why is Dave Ramsey wrong?
Replies: 73
Views: 9990

Re: Asset Allocation Across Accounts

I use personal capital to help keep track of my investment allocation over many accounts. You can use many other sites, such as morningstar instant x=ray. There was a post here on bogleheads about using the vanguard portfolio tracker to track your investments. Ahh, here it is: http://www.bogleheads....
by mhalley
Fri Dec 05, 2014 8:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation Across Accounts
Replies: 5
Views: 496

Re: 100% Equities: 1 or 2 funds?

I would just add the caveat that if you are investing in a taxable account, using 2 funds would enable you to do some tax loss harvesting.
Mike
by mhalley
Fri Dec 05, 2014 7:48 pm
 
Forum: Investing - Theory, News & General
Topic: 100% Equities: 1 or 2 funds?
Replies: 26
Views: 1864

Re: Is 18 too young to start investing?

The younger the better. Here is some info about british retirement savings. They seem to do a better job than here in the US, but they could also do better. "In 2013, HSBC Bank issued a survey that revealed that the average retirement savings amount in the U.K. is £73,000 (about $122,000 USD) f...
by mhalley
Fri Dec 05, 2014 7:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is 18 too young to start investing? (Investing from the UK)
Replies: 12
Views: 741

Re: Dave Ramsey Only Invests in Mutual Funds that Beat the S

I seem to recall listening to Dave's show when he talked about when he puts money in the S&P 500. He puts money there when he is planning on buying something like some new real estate soon, but not in the very immediate future. He doesn't want to pay the load on one of his regular mutual funds b...
by mhalley
Fri Dec 05, 2014 7:15 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey Only Invests in Mutual Funds that Beat the S&P
Replies: 23
Views: 3268

Re: Help Me Pick Insurer - Safeco - Erie - AAA

Of those listed erie gets the best jd power rating. No personal experience with them.
Mike
by mhalley
Fri Dec 05, 2014 1:13 am
 
Forum: Personal Consumer Issues
Topic: Help Me Pick Insurer - Safeco - Erie - AAA
Replies: 25
Views: 2138

Re: Convert to a Roth?

My understanding is that it is not that you can't do a backdoor roth, but it is complicated by your existing traditional IRA. I don't know all the ins and outs of it. The main thing is whether all of your traditional ira is pretax or tax deferred. I think it is called the Pro-Rata rule. You may want...
by mhalley
Thu Dec 04, 2014 5:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convert to a Roth?
Replies: 14
Views: 1582

Re: Why is Dave Ramsey wrong?

There is no question that his get out of debt plan works. The problem is his investment advice along with his withdrawal rate. Today I heard him calculating someones withdrawal rate as "if you take out 8% ....) How many times do we see on this board about whether 4% is now a SWR? What is going ...
by mhalley
Thu Dec 04, 2014 4:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why is Dave Ramsey wrong?
Replies: 73
Views: 9990

Re: Fly or drive? Not just time vs. money anymore

My wife and I are exact opposites. She loves to drive and I love to fly. For me personally, I hate driving so much that I would fly to anyplace more than 3 hours away. If money is not an issue, it all comes down more to personal preference than anything else. I am happily entertained with reading or...
by mhalley
Thu Dec 04, 2014 3:33 pm
 
Forum: Personal Consumer Issues
Topic: Fly or drive [with a newborn]?
Replies: 58
Views: 4575
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