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by mhalley
Wed May 27, 2015 2:34 am
Forum: Investing - Help with Personal Investments
Topic: I know you hate Whole Life Insurance
Replies: 8
Views: 351

Re: I know you hate Whole Life Insurance

You read several posts about how bogleheads think whole life is a bad idea, and you want to put 14% of yournet worth in more? I really dont follow your reasoning. If your income is variable, i would think you would want to minimize your expenses. I know there can be some unusual circamstanses where ...
by mhalley
Wed May 27, 2015 2:06 am
Forum: Investing - Help with Personal Investments
Topic: Help with Vanguard Portfolio
Replies: 2
Views: 165

Re: Help with Vanguard Portfolio

Just look at the underlying funds and multiply by the percentages. Ranking by Percentage Fund Percentage 1 Vanguard Total Stock Market Index Fund Investor Shares 58.9% 2 Vanguard Total International Stock Index Fund Investor Shares 31.0% 3 Vanguard Total Bond Market II Index Fund Investor Shares† 7....
by mhalley
Wed May 27, 2015 1:50 am
Forum: Personal Finance (Not Investing)
Topic: lump sum divorce settlement
Replies: 1
Views: 234

Re: lump sum divorce settlement

Sorry for your circumstances. Does your current job pay your expenses, and would it continue to do so when the child support ends? Due to the major changes in your life, the main thing is to not do anything rash. You should keep the money in a high yield savings account until you decide what to do. ...
by mhalley
Wed May 27, 2015 12:19 am
Forum: Investing - Help with Personal Investments
Topic: Best bank / cu to use along with TD Ameritrade for HSA
Replies: 1
Views: 168

Re: Best bank / cu to use along with TD Ameritrade for HSA

Some insurance cos have a relationsship with a bank or cu, so you might check with your insurer to see if they have a preferred provider. As to whether a cu has an hsa plan, it should feature prominently on their web page. Hsa bank and hsa administrators have been discussed here also. All will proba...
by mhalley
Tue May 26, 2015 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: Another SS question
Replies: 3
Views: 204

Re: Another SS question

Are you single? This applies mostly to singles. You don't have to file until you want to. The only time you need to file and suspend is if you have a spouse and want them to get your ss. Another reason to file and suspend is to potentially get money that was not paid. Apparantly you can get four yea...
by mhalley
Tue May 26, 2015 9:51 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA transfer
Replies: 4
Views: 284

Re: Roth IRA transfer

Sure you can add reit if you want. As long as your total as a cross all accounts is what you want, what is in each individual account is not that important.
mike
by mhalley
Tue May 26, 2015 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Removed credit freeze, lender still can't pull report
Replies: 7
Views: 334

Re: Removed credit freeze, lender still can't pull report

Did yo do it online? It should be practically instantaneous. Are you sure it is thawed or could it be they are trying to pull the experion report? You could go to annualcreditreport.com to verify.
Mike
by mhalley
Tue May 26, 2015 7:59 pm
Forum: Personal Consumer Issues
Topic: Kitchen Remodeling and Microwave Food
Replies: 27
Views: 1341

Re: Kitchen Remodeling and Microwave Food

I would suggest a slow cooker and perhaps a sous vide immersion cooker. This one is relatively inexpensive as these things go.http://www.amazon.com/gp/aw/d/B00UKPBXM4/ref=mp_s_a_1_1?qid=1432687892&sr=8-1&pi=AC_SY200_QL40&keywords=immersion+circulator&dpPl=1&dpID=31y9GQgpjoL&r...
by mhalley
Tue May 26, 2015 7:37 pm
Forum: Investing - Help with Personal Investments
Topic: Early Roth IRA Distribution
Replies: 1
Views: 165

Re: Early Roth IRA Distribution

In short yes. Here is a summary of ira rules.
http://www.schwab.com/public/schwab/inv ... awal_rules
Mike
by mhalley
Tue May 26, 2015 2:37 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA transfer
Replies: 4
Views: 284

Re: Roth IRA transfer

If you want to invest extremely aggressively, then duplicating what you have in your taxable account would be a way to do it. Some people think that no one should ever be 100% stocks, and 80/20 stocks/bonds is more appropriate. So another way would be the Lifestrategy Aggressive Growth fund. It is c...
by mhalley
Mon May 25, 2015 3:12 pm
Forum: Personal Consumer Issues
Topic: [Portfolio size] / [Dream Car] ratio
Replies: 5
Views: 461

Re: [Portfolio size] / [Dream Car] ratio

I don't subscribe to it, but Dave Ramseys rules are interesting. In addition to (of course) always paying cash, his rules are based on income and net worth as follows: Rule1: The total worth of all things with a motor can not exceed 50% of your income. Rule2: Never buy a new car unless you have a ne...
by mhalley
Mon May 25, 2015 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: SERP retirement account [Supplemental Executive Retirement Plan]
Replies: 4
Views: 216

Re: SERP retirement account [Supplemental Executive Retirement Plan]

I elected to use mine. It does allow additional tax sheltering, but you have to be sure you understand the risk, plus understand what happens to the money after you leave the company or retire. If the company is a very well established company, and you have ETREMELY strong feelings that the company ...
by mhalley
Sun May 24, 2015 5:03 pm
Forum: Investing - Help with Personal Investments
Topic: Options for my spouse without 401(K)
Replies: 2
Views: 287

Re: Options for my spouse without 401(K)

The only other reasonable option would be a combination of high deductable health plan (assuming everyone is in good health) and a health savings account as a "stealth" Ira. Unless she could be made an "Independant Contractor" and paid as a non-w2 employee. http://whitecoatinvest...
by mhalley
Sun May 24, 2015 4:57 pm
Forum: Investing - Help with Personal Investments
Topic: I'm a mess, how to deploy our money?
Replies: 19
Views: 2766

Re: I'm a mess, how to deploy our money?

Several things: If you don't like your fa advice, why are you paying him? There is nothing whatever wrong with buying the vanguard tr fund, if you feel comfortable doing that, then fine, invest in that and ditch the fa. Or have him advise you on some of your other questions. The 529s have a differen...
by mhalley
Sun May 24, 2015 4:38 pm
Forum: Personal Consumer Issues
Topic: Essential Security Computer Programs
Replies: 11
Views: 1042

Re: Essential Security Computer Programs

It is also a good idea to have a good backup. You can use one of the online services such as carbonite to do it automatically, or get something like dropbox to backup manually. Another tool to have is a good boot cd with some important programs on it. This one gives multiple diagnostic tools to help...
by mhalley
Sun May 24, 2015 4:31 pm
Forum: Investing - Theory, News & General
Topic: Pay off student loan or invest?
Replies: 7
Views: 658

Re: Pay off student loan or invest?

Welcome to the forum! You can approach this several ways. First, nothing has to be all or none. You could pay some to retirement and some to student loans. I would never recommend not investing for retirement (Unlike Dave Ramsey, who would say to not invest until all loans are paid off.) Those years...
by mhalley
Sun May 24, 2015 2:31 am
Forum: Investing - Help with Personal Investments
Topic: How is my Australian Financial Advisor doing?
Replies: 12
Views: 927

Re: How is my Australian Financial Advisor doing?

Considering the poor returns of both australia and international since 2008, it looks like your fa is a genius, unless i am picking the wrong things to put into https://www.portfoliovisualizer.com/ Mike ( i chose ewa Ishares Australian etf, vanguard total international, and sinCe i couldnt find an a...
by mhalley
Sun May 24, 2015 12:26 am
Forum: Investing - Help with Personal Investments
Topic: need some clarification, just read "Bogleheads guide to investing"
Replies: 10
Views: 1245

Re: need some clarification, just read "Bogleheads guide to investing"

Fidelity can have good options, very close to vanguard in some cases. Do you have access to the brokerage link account at the 401k? Between fidelity spartan funds and commission free etfs, you could get a very low cost portfolio.
Mike
by mhalley
Sat May 23, 2015 8:13 pm
Forum: Personal Consumer Issues
Topic: Know of investment (not budget) tracking software?
Replies: 6
Views: 595

Re: Know of investment (not budget) tracking software?

Also, if you have a fidelity account you Can use fidelity fullview. I think most of the aggregators use yodlee at their core, so you might try that.
https://moneycenter.yodlee.com/moneycen ... aloginflow
Mike
by mhalley
Sat May 23, 2015 7:55 pm
Forum: Personal Consumer Issues
Topic: Know of investment (not budget) tracking software?
Replies: 6
Views: 595

Re: Know of investment (not budget) tracking software?

I use personal capitol. They try to sell you stuff occ, but back off nicely if you say no. Any online aggregetor has a small chance of being compromized, but i don't lose any sleep about it.
Mike
by mhalley
Sat May 23, 2015 4:15 pm
Forum: Investing - Help with Personal Investments
Topic: How much is enough diversification?
Replies: 10
Views: 1214

Re: How much is enough diversification?

If you really want to complicate your portfolio, you might try following Paul Merrimans "ultimate buy and hold" portfolio. He ends up with about 14 different funds/etfs. Here is his reasoning behind it: http://paulmerriman.com/the-ultimate-buy-hold-strategy-2014/ To get the actual ETF port...
by mhalley
Sat May 23, 2015 4:05 pm
Forum: Investing - Help with Personal Investments
Topic: Moving to Employer without 401K
Replies: 4
Views: 367

Re: Moving to Employer without 401K

Unfortunately not many options for tax deferred savings. Another option would be to get a high deductable health plan (assuming you are healthy and not a heavy user of the health care system) and use a health savings account as a stealth IRA. Check out WCIs blog post: http://whitecoatinvestor.com/re...
by mhalley
Sat May 23, 2015 3:57 pm
Forum: Personal Consumer Issues
Topic: Quality medicines
Replies: 8
Views: 766

Re: Quality medicines

The FDA regulates this pretty heavily. If it is the same medication (take the clotrimazole for example) it should work the same, regardless of price. There are only a VERY FEW medications that really require a brand neccessary rx, same for otc meds. Check out the FDA: http://www.fda.gov/Drugs/Resour...
by mhalley
Fri May 22, 2015 11:37 pm
Forum: Personal Consumer Issues
Topic: Questioning a dental hygienist ?
Replies: 14
Views: 1780

Re: Questioning a dental hygienist ?

I had some deep pockets, and after 6 months of improved flossing and a waterpik they improved markedly. I am concerned about a dentist that doesn't check the pockets himself and give you detailed instructions on how to improve the problem. There are lots of other treatments before deep cleaning and ...
by mhalley
Fri May 22, 2015 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: Expressing interest in outside job to current work colleague
Replies: 1
Views: 406

Re: Expressing interest in outside job to current work colleague

A brief conversation probably doesn't give the whole picture of the other practice, unless you have had many long discussions it seems premature to express interest in leaving your current position and alienating your partners. I really can't see how anything good could come frm this. Also, if the p...
by mhalley
Fri May 22, 2015 6:01 pm
Forum: Investing - Help with Personal Investments
Topic: Confirming that I should not use my 401k
Replies: 18
Views: 1226

Re: Confirming that I should not use my 401k

Don't forget the Savers credit for contributing to an ira. As long as you are not a full time student, you should qualify.
http://money.usnews.com/money/retiremen ... ers-credit
Mike
by mhalley
Fri May 22, 2015 5:55 pm
Forum: Investing - Help with Personal Investments
Topic: Confirming that I should not use my 401k
Replies: 18
Views: 1226

Re: Confirming that I should not use my 401k

No reason you have to put money in the roth annually, you can send them a check every time you get paid, or monthly or quarterly. Setup an automatic draft and you won't have to think about it, just like with the 401k.
Mike
by mhalley
Fri May 22, 2015 5:51 pm
Forum: Investing - Help with Personal Investments
Topic: Move from Vanguard Equity Income to Growth Index fund?
Replies: 7
Views: 680

Re: Move from Vanguard Equity Income to Growth Income fund?

Looking at a fund based on a .2% difference in er seems to be focusing on the er a little too much. Certainly you want to have as low an er as possible overall, but you can be a little too picky. You want to look at the fund regarding your overall asset allocation. Equity income also has almost 10% ...
by mhalley
Fri May 22, 2015 12:41 am
Forum: Investing - Theory, News & General
Topic: Teaching 8 year old about stock market...
Replies: 22
Views: 1380

Re: Teaching 8 year old about stock market...

How about opening an account with Motif investing and investing in a Motif of stocks the child would be interested in. You can choose the standard child stuff, Apple, disney, hasbro, mattell, Coke, McDonalds, Dreamworks, etc. You can pick up to 30 stocks, so you could have your own little "chil...
by mhalley
Fri May 22, 2015 12:14 am
Forum: Personal Finance (Not Investing)
Topic: COBRA vs ACA Question...
Replies: 10
Views: 517

Re: COBRA vs ACA Question...

Insurance is insurance, so either way you will not have an HR department to be your advocate. There is a small chance that your former employer might still advocate for you, but you can't count on it. Just ensure that your doctor and hospital will be on the new plan. I take it you are not going to b...
by mhalley
Thu May 21, 2015 10:39 pm
Forum: Investing - Help with Personal Investments
Topic: Trying to find a good international mutial fund
Replies: 4
Views: 287

Re: Trying to find a good international mutial fund

You might check out paul merrimans rec regarding schwab investing. He is much more complicated, but you might get some ideas. Schwab Intl Equity SCHF SPDR S&P Intl Dividend DWX Schwab Intl Sm-Cp Equity SCHC Schwab Emerging Mkt Eq SCHE SPDR S&P Emerging Markets Small Cap EWX Check out his sit...
by mhalley
Thu May 21, 2015 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Question about Mortgage "hacks" in payment
Replies: 4
Views: 785

Re: Question about Mortgage "hacks" in payment

The biweekly mortgage payment will take about 4 years off a 30 year mortgage, about a year and a half on a 15. Here is a calculator to show what you could save. Note that you NEVER sign up for someone to do this for you that charges money for the service, you can do it yourself. http://www.bankrate....
by mhalley
Thu May 21, 2015 5:01 pm
Forum: Personal Consumer Issues
Topic: Teaching maths to a 4 year old
Replies: 31
Views: 2292

Re: Teaching maths to a 4 year old

You might try the Khan Acadamy. You could watch the videos, then work with the child using what you learned.
https://www.khanacademy.org/math/early-math
Of course they have lots of other things beside math.
Mike
by mhalley
Thu May 21, 2015 4:42 pm
Forum: Personal Consumer Issues
Topic: Recommendations on digital camera and video camera
Replies: 16
Views: 618

Re: Recommendations on digital camera and video camera

Many of the modern cameras also act as video cameras these days. A website I have used in the past is dpreview. http://www.dpreview.com/ What kind of camera are you looking for? The thing about a camera on a trip is that you want it to be pretty compact. Perhaps what they call an "enthusiast co...
by mhalley
Thu May 21, 2015 4:19 pm
Forum: Investing - Help with Personal Investments
Topic: Medical Student Loan Refinancing - Fixed vs Variable
Replies: 8
Views: 574

Re: Medical Student Loan Refinancing - Fixed vs Variable

How often does the loan reset the interest rate? How much could the variable rate potentially go up? Which loan are you looking at, 10, 15 or 20? If you are truly going to blast the loan in 2 years when you finish residency, then the low interest variable rate could make sense. If there is any doubt...
by mhalley
Thu May 21, 2015 3:36 pm
Forum: Investing - Theory, News & General
Topic: Multiple Account Management
Replies: 30
Views: 1068

Re: Multiple Accout Management

The wiki has a pretty good article with the plusses and minuses of the different approaches, plus a link to a spreadsheet to help with the allocation problem. http://www.bogleheads.org/wiki/Asset_al ... e_accounts
Mike
by mhalley
Thu May 21, 2015 4:08 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity/TSP 401k/Retirement Help
Replies: 5
Views: 331

Re: Fidelity/TSP 401k/Retirement Help

It is great that you are starting to invest, and learning the best way to do it. One mantra you will see on any investment is "past returns do not guarantee future performance". Another is what is called "reversion to the mean". Basically it means that while the funds you picked ...
by mhalley
Wed May 20, 2015 9:06 pm
Forum: Personal Consumer Issues
Topic: Lexus vs. MB vs. BMW
Replies: 78
Views: 6330

Re: Lexus vs. MB vs. BMW

I think it goes compact, midsize, full size. Some would throw in subcompact and small for crosovers, and maybe extended for the large suv.
I dont know what a hummer woul be-- huge?
Mike
by mhalley
Wed May 20, 2015 5:12 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity/TSP 401k/Retirement Help
Replies: 5
Views: 331

Re: Fidelity/TSP 401k/Retirement Help

Most would tell you to pick the spartan index funds. I am curious on why you have the funds you do? Did you pick them because the return looked good? You need to lean about asset allocation, and figure out what type of aa you want to go with. You currently have no international and no bonds. No bond...
by mhalley
Wed May 20, 2015 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Wealth Network
Replies: 7
Views: 768

Re: Wealth Network

Now that I got the snark out of the way, perhaps this would be something that a roboadvisor would be good for. I don't know exactly what type of designation you would have to have, but I see betterment has an institutional service. Betterement Institutional Betterment Institutional is a new experien...
by mhalley
Wed May 20, 2015 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Wealth Network
Replies: 7
Views: 768

Re: Wealth Network

Sign me up if you are guaranteeing 8-12% per year.
Mike
by mhalley
Wed May 20, 2015 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Need Budgeting Help ASAP!
Replies: 42
Views: 1954

Re: Need Budgeting Help ASAP!

If you decide to go with YNAB, note that Steam (a site that sells software (primarily games, but other types also) often puts YNAB on sale for around $15.) Their next sale is going to happen around May 26. So you could go to http://store.steampowered.com/ and setup an account, and put ynab in a wish...
by mhalley
Wed May 20, 2015 11:10 am
Forum: Personal Consumer Issues
Topic: Lexus vs. MB vs. BMW
Replies: 78
Views: 6330

Re: Lexus vs. MB vs. BMW

Your definition of "compact" must be different from mine. I would not say any of those are compact, or even small. My wife got the bmw x1 last yr, so far she loves it. I am still leary because of potential reliability and maintenence costs, we will see if she stll loves it in 5 years.

Mike
by mhalley
Tue May 19, 2015 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: Need Budgeting Help ASAP!
Replies: 42
Views: 1954

Re: Need Budgeting Help ASAP!

You might try dave ramseys new budget tool. It is new, but free, with a paid option if you want to link your bank account. 99 dolla a yr tho for paid version. https://www.daveramsey.com/everydollar/ Review/comparison between mint and everydollar http://scottalanturner.com/everydollar-review-everydol...
by mhalley
Tue May 19, 2015 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: How far behind in saving are we?
Replies: 15
Views: 3045

Re: How far behind in saving are we?

I would not consider the pension in my retirement planning. You could tire of teaching and change careers, husband could be offered a much better job requiring you to move out of the area of the pension job, pension could be eliminated and/or reduced. You are a little behind right now, but if you co...
by mhalley
Mon May 18, 2015 3:54 am
Forum: Personal Finance (Not Investing)
Topic: Regifting proceeds of mutual fund shares
Replies: 6
Views: 386

Re: Regifting proceeds of mutual fund shares

Not an expert, but my understanding is that when you gift an appreciated stock or mf, you gift the cost basis also. So this can make sense if the child is in a lower tax bracket. If the son sells the mf and gifts money to his sibling, then that would just be gifting cash, so he could do the 14k limi...
by mhalley
Mon May 18, 2015 2:55 am
Forum: Investing - Help with Personal Investments
Topic: free portfolio "software"?
Replies: 6
Views: 885

Re: free portfolio "software"?

There are lots of calcs out there. The most common ones mentioned here are probably firecalc and cfiresim. http://www.firecalc.com/ http://www.cfiresim.com/input.php Another one is ESPlanner. It has both a free and a payed version. Free: https://basic.esplanner.com/ Here is a review of several other...
by mhalley
Mon May 18, 2015 1:53 am
Forum: Investing - Help with Personal Investments
Topic: Financially clueless - just starting out/need advice. Military Med Student, Student Loans, and Optimizing Investment
Replies: 5
Views: 653

Re: Financially clueless - just starting out/need advice. Military Med Student, Student Loans, and Optimizing Investment

Perhaps the reasoning for the roth being bad is that it does not decrease taxable income, therefore makes the payments higher for those that do an income based repayment plan for student loans? That is the only reason I can think of that it would not be a good idea. So if the loans are in deferment ...
by mhalley
Sun May 17, 2015 7:47 pm
Forum: Investing - Help with Personal Investments
Topic: New to investing with questions
Replies: 5
Views: 490

Re: New to investing with questions

I think that since you are just starting it is reasonable to go with the total stock Market fund. AlternativelY, you could use the etfs if you would prefer the diversification. Either way will be fine.
Mike
by mhalley
Sun May 17, 2015 5:57 pm
Forum: Investing - Help with Personal Investments
Topic: Dodge and cox foreign-anyone use it?
Replies: 11
Views: 1026

Re: Dodge and cox foreign-anyone use it?

dodfx is the only managed fund I own. Like many others, a legacy from old 401k.
Mike

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