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Re: retirement savings for my young kids?

If you don't want it to be in a 529, or a UTMA account, then you could open up an account in your name at several different places that have cheap etfs/mf. So you could have one at schwab, one at fidelity, one at TDAmeritrade say (of course since you are a boglehead then your account is at Vanguard ...
by mhalley
Mon Jul 28, 2014 7:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: retirement savings for my young kids?
Replies: 7
Views: 524

Re: Traditional vs Roth 401k when contributing the max

I believe in diversification, so i would do both. Who knows what the tax laws will be in 20 yrs?
Mike
by mhalley
Mon Jul 28, 2014 6:32 am
 
Forum: Investing - Help with Personal Investments
Topic: Traditional vs Roth 401k when contributing the max
Replies: 6
Views: 595

Re: Girlfriend moving in, lots of student loan debt

Wow, i am so honored to be here for the next revolution in genre fiction. Just as twilight has opened the floodgates of supernatural love stories, we now will have the "boglelehead bodice ripper" When the pirate lays down his cutlass for his lady love, will he continue to "slice and d...
by mhalley
Mon Jul 28, 2014 6:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Girlfriend moving in, lots of student loan debt
Replies: 69
Views: 8206

Re: Graphic investment/retirement planning software?

Somewhat expensive in comparison but highly visual if that is what u are looking for. I tried the demo but ended up buying esplanner.

http://www.torrid-tech.com/rp_main.html
Mike
by mhalley
Mon Jul 28, 2014 5:57 am
 
Forum: Investing - Help with Personal Investments
Topic: Graphic investment/retirement planning software?
Replies: 5
Views: 580

Re: Unlocked phone question with Cricket Wireless

Should work assuming your blackberry uses a micro sim card like the nokia.
http://kenstechtips.com/index.php/smart ... BlackBerry
Mike
by mhalley
Sun Jul 27, 2014 1:38 am
 
Forum: Personal Consumer Issues
Topic: Unlocked phone question with Cricket Wireless
Replies: 4
Views: 501

Re: Need your help, medical resident portfolio advice.

Since you have some short term goals, then "investing" is not what you want to do with the money. Any money needed within 5 yrs should probably not be in the stock market. You are going to need lots of money soon with starting a family. I would max out your roths, contribute to her 401k to...
by mhalley
Sat Jul 26, 2014 6:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need your help, medical resident portfolio advice.
Replies: 2
Views: 363

Re: Cobra Insurance Disclaimer

Thanks for the reassurance. Looking back on it, I have always had health insurance via employers, thus never had to worry about actually paying for it myself. In the past when occasionally the auto insurance bill went a little late due to some oversight, there was always no problem in getting it bei...
by mhalley
Sat Jul 26, 2014 5:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cobra Insurance Disclaimer
Replies: 5
Views: 480

Re: Cobra Insurance Disclaimer

I checked into Obamacare and Ehealth insurance, price about the same for much better insurance with cobra, so I do plan to keep it for the 18 mos. I sent a check for 2 mos also lol.
Mike
by mhalley
Sat Jul 26, 2014 2:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Cobra Insurance Disclaimer
Replies: 5
Views: 480

Re: Better to not rollover 401k to IRA for better protection

401ks do have better protection in general from lawsuits than IRAs. Depends somewhat on the state. I chose to keep my old 401k instead of rolling it into an ira when I changed jobs in the past, partially for that reason. Now I am glad I did, as I will be able to slowly convert the 401k to roth ira a...
by mhalley
Sat Jul 26, 2014 2:16 am
 
Forum: Investing - Help with Personal Investments
Topic: Better to not rollover 401k to IRA for better protection?
Replies: 16
Views: 1007

Re: Diversification [Portfolio help]

You are in the target retirement income fund, so you are only 30% stocks. At your age, I think most people would say that is a perfectly reasonable asset allocation. Dividend investing and Preferred stock investing are not popular here at the bogleheads. Do you need this money to live on? Is it in t...
by mhalley
Sat Jul 26, 2014 2:11 am
 
Forum: Investing - Help with Personal Investments
Topic: Diversification [Portfolio help]
Replies: 2
Views: 293

Cobra Insurance Disclaimer

I just got my paperwork regarding continuing my insurance under cobra as I just went to half time in preparation for full retirement in October. At the bottom of the Cobra paperwork to continue my insurance coverage is the following disclaimer: PREMIUMS ARE DUE THE FIRST OF EVERY MONTH.  IF FULL PAY...
by mhalley
Sat Jul 26, 2014 1:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Cobra Insurance Disclaimer
Replies: 5
Views: 480

Re: Initial Roth IRA Contribution (Vanguard)

I didn't bother to do any calculations, but how about just buying Vanguard ETFs in the roth, thereby doing away with the 3000 dollar fund problem? Also, you don't have to micromanage the allocation so that you are always exactly at your aa. Going up or down a few percent per month as moneys are adde...
by mhalley
Fri Jul 25, 2014 7:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Initial Roth IRA Contribution (Vanguard)
Replies: 3
Views: 376

Re: Best way to reach initial allocation in a bull market?

The standard boglehead answer is that if you have a desired aa, then go ahead and jump in and buy your mutual funds/etfs. Certainly I can understand how if you have been sitting out this latest run, jumping in right now could be pretty scary. If it were me, I would dollar cost average monthly over t...
by mhalley
Fri Jul 25, 2014 6:31 am
 
Forum: Investing - Theory, News & General
Topic: Best way to reach initial allocation in a bull market?
Replies: 23
Views: 1933

Re: Helping my sister consolidate to Vanguard after 30 yrs

Probably the best thing to do is transfer everyhing over, then gradually convert over. Looks like the funds er are <1%, better than 1.5 aum fee plus underlying fund fees. The savings in er will eventually make up for the 15%. Capital gains tax. Hope for a down year to get some tax loss harvesting. M...
by mhalley
Mon Jul 21, 2014 6:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Helping my sister consolidate to Vanguard after 30 yrs
Replies: 6
Views: 841

Re: How would you handle this situation if it was you.

School can be very helpful in your career, but many people get degrees in "german polka history" and then realize they can't get a job related to their field of study. What kind of career do you want? The rule of thumb is to not have more than a years worth of salary in student loan debt. ...
by mhalley
Mon Jul 21, 2014 6:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: How would you handle this situation if it was you.
Replies: 15
Views: 1973

Re: Apple TV

The wireless G speed (54mb/sec is what is the old technology, the direct ethernet connection does away with that bottleneck. so as long as you don't mind having to directly hook it up to the router then it is no problem. Since you are an Apple guy,I agree that you should look into getting one of the...
by mhalley
Sat Jul 19, 2014 3:23 am
 
Forum: Personal Consumer Issues
Topic: Apple TV
Replies: 39
Views: 2976

Re: Unlimited Book Subscription vs Amazon Kindle Unlimited

I just put up a post regarding the new kindle unlimited plan. I went ahead and signed up as the first month is free. I posted a link at the other post that points to the list of books available, but I will post it again here. http://www.amazon.com/b/ref=s9_al_bw_brwse?_encoding=UTF8&node=9069934...
by mhalley
Fri Jul 18, 2014 10:46 pm
 
Forum: Personal Consumer Issues
Topic: Unlimited Book Subscription vs Amazon Kindle Unlimited
Replies: 7
Views: 1339

Re: Options/guidance for a lazy person to be fit

Motivation is a quandary. Certainly I knew I was fat and out of shape before I finally decided to do something about it. As a physician, I knew how unhealthy my sedentary lifestyle and poor diet was. Everyone has that final straw that pushes them over the edge, whether it is weighing yourself and be...
by mhalley
Fri Jul 18, 2014 7:23 pm
 
Forum: Personal Consumer Issues
Topic: Options/guidance for a lazy person to be fit
Replies: 79
Views: 5495

Kindle Unlimited

For those who enjoy reading in the ebook format, Kindle just came out with their new netflix/spotify program for books, Kindle Unlimited. For 9.99 a month, you can read up to 10 books at a time from their kindle unlimited list. Currently about 600k titles , tho 100k are in foreign languages. For hea...
by mhalley
Fri Jul 18, 2014 7:03 pm
 
Forum: Personal Consumer Issues
Topic: Kindle Unlimited
Replies: 0
Views: 407

Re: Apple TV

All of these type devices depend on having fast internet service to get decent picture/sound quality. If you don't have the internet speed, then you are not going to have a good experience. If you have good basic internet speed, then there could be several problems. Are you hooked up wired are wirel...
by mhalley
Fri Jul 18, 2014 7:28 am
 
Forum: Personal Consumer Issues
Topic: Apple TV
Replies: 39
Views: 2976

Re: Options/guidance for a lazy person to be fit

I recently lost 80 pounds after becoming a couch potato and eating everything in site for way too long. The factor that did it for me was when I realized that I was closer to 300 than to 200 pounds. That really motivated me to do something. I did it using calorie counting using the MYFITNESSPAL app ...
by mhalley
Fri Jul 18, 2014 6:54 am
 
Forum: Personal Consumer Issues
Topic: Options/guidance for a lazy person to be fit
Replies: 79
Views: 5495

Re: Please approve my asset allocation!

There are many roads to dublin, so there are many permutations using these funds. You might consider total stock market instead of S&P 500. Your proposed portfolio seems reasonable. Check out some of these portfolios:
http://whitecoatinvestor.com/150-portfo ... han-yours/

Mike
by mhalley
Fri Jul 18, 2014 4:25 am
 
Forum: Investing - Help with Personal Investments
Topic: Please approve my asset allocation!
Replies: 16
Views: 1039

Re: Is this a Vanguard quirk?

I don't know what Vanguard's thinking is. It would probably take longer to transfer the account than to do an online will kit, assuming that would be adequate to your estate planning needs.
Mike
by mhalley
Wed Jul 16, 2014 1:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is this a Vanguard quirk? [Adding beneficiaries to account]
Replies: 21
Views: 2471

Re: Birthday gift for a 10 year old girl

Sorry, should have been more specific. I was talking about the ipod touch. You are correct about the multiplicity of ipods.
Mike
by mhalley
Sun Jul 13, 2014 8:09 pm
 
Forum: Personal Consumer Issues
Topic: Birthday gift for a 10 year old girl
Replies: 28
Views: 1478

Re: Birthday gift for a 10 year old girl

Ipods can connect to the internet, assuming you have wifi (or go to mcdonalds) they basicly do everything an iphone can when they are connected to a wifi network, they just can't do it by themselves. My grandaughter turned 11 yesterday, and she wanted some toys that go with the skylanders video game...
by mhalley
Sun Jul 13, 2014 11:19 am
 
Forum: Personal Consumer Issues
Topic: Birthday gift for a 10 year old girl
Replies: 28
Views: 1478

Re: Planning to purchase first home - need education

Make sure you have a good home inspection and have the homeowners correct any major problems. Remember that lots of things are negotiable. Sometimes you can get the homeowner to pay part of the closing costs. Visit the neighborhood at several times of day and several days of the week. Who knows, per...
by mhalley
Sun Jul 13, 2014 5:02 am
 
Forum: Personal Finance (Not Investing)
Topic: Planning to purchase first home - need education
Replies: 11
Views: 1326

Re: Questions on my 401k options

It doesn't just invest in bonds, it does swaps, derivatives, options, futures contracts, etc etc. that is prbly why thos numbers arw weird. you can see exactly what it invests in by reading the prospectus.
Mike
by mhalley
Fri Jul 11, 2014 3:13 am
 
Forum: Investing - Help with Personal Investments
Topic: Questions on my 401k options
Replies: 6
Views: 787

Re: Online classes?

by mhalley
Fri Jul 11, 2014 1:35 am
 
Forum: Investing - Theory, News & General
Topic: Online classes?
Replies: 7
Views: 1038

Re: Realtor Recommendations in General and for Fishers, Indi

You might start by getting a recommendation from the National Assn of Exclusive Buyers Agents http://naeba.org/?gclid=CjwKEAjw8_idBRCExfC15My3owwSJACSDX_WITSSn_ogGcUSh4bS976IVtYJ8c5Utcth2c-lAoGcGxoC5orw_wcB Then you could interview them, or else look at a review website such as Angies List or Yelp. ...
by mhalley
Fri Jul 11, 2014 1:20 am
 
Forum: Personal Consumer Issues
Topic: Realtor Recommendations in General and for Fishers, Indiana
Replies: 4
Views: 774

Re: What to invest in with Vanguard?

What do you want to invest the money for? Do you want it for retirement, or for a goal not so far down the road, such as a car or a house down payment? You talk about retirement saving, but also talk about keeping it "liquid" which implies you want to use it sooner than 40 yrs from now. I ...
by mhalley
Thu Jul 10, 2014 5:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: What to invest in with Vanguard?
Replies: 19
Views: 2714

Re: The value of a ROTH conversion in retirement

What do people think the maximim you should convert in a year, assuming no ss yet, living expenses drawn from taxable. Convert up to 15%, 25% income tax? Bracket? I-orp is recommending i do up to 25%.
Mike
ps I tried to use the Retire module spreadsheet, and it made my head hurt.
by mhalley
Wed Jul 09, 2014 11:24 pm
 
Forum: Investing - Theory, News & General
Topic: The value of a ROTH conversion in retirement
Replies: 21
Views: 2901

Re: Separate taxable account for <10 year time horizon

Those all sound like reasonable choices given your ability to take risk with them. I don't know if 25% is a high enuff bracket to justify the tax exempt fund. I'm too lazy to look at the yields right now. http://www.aaii.com/journal/article/munis-vs-taxables-how-to-determine-the-taxable-equivalent-y...
by mhalley
Tue Jul 08, 2014 10:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Separate taxable account for <10 year time horizon
Replies: 4
Views: 857

Re: Help holding persoanl finance workshops

How about reaching out to local civic clubs? Perhaps organizations such as thr jaycees, lions club, shriners, rotary, etc?
Mike
by mhalley
Tue Jul 08, 2014 10:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help holding persoanl finance workshops
Replies: 18
Views: 1324

Re: Toys for a Lazy Cat

You could always automate the laser pointer so you don't have to do it yourself.
http://www.amazon.com/FroliCat-BOLT-Int ... _lmf_tit_3
Mike
by mhalley
Mon Jul 07, 2014 7:16 pm
 
Forum: Personal Consumer Issues
Topic: Toys for a Lazy Cat
Replies: 46
Views: 2906

Re: Replacing the front door to house

I think the reason is that it is much harder to hang a door than to put in a pre-hung door. It will be much more in labor cost if it doesn't want to hang exactly right. . Certainly you can order just the door, but it can be a real pain to get them to hang right. I had to adjust one of my interior be...
by mhalley
Mon Jul 07, 2014 7:02 pm
 
Forum: Personal Consumer Issues
Topic: Replacing the front door to house
Replies: 20
Views: 3055

Re: Vanguards Devil's Advocate

Well, there are a lot of other schools of thought. One is that you can pick your own stocks, by doing the appropriate research. Jim Cramer is the main proponent of this right now. He has lots of books out to show you how by doing your "homework" you can "get rich carefully" Anoth...
by mhalley
Sun Jul 06, 2014 5:35 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguards Devil's Advocate
Replies: 55
Views: 7227

Re: rmds [Required Minimum Distributions]

Whether to take all of the money from the ira vs taxable depends on several things. It might be a combination, taking only enough from ira to reach say 15% tax rate and the res from taxable if you have enough there to cover your living expenses. You will want to minimize taxes as much as possible. A...
by mhalley
Sun Jul 06, 2014 5:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: rmds [Required Minimum Distributions]
Replies: 10
Views: 1141

Re: Am I on the right track at age 34?

Here is a chart about how much people should have saved by age and salary: http://www.businessinsider.com/retirement-savings-guide-2014-3 at 35 and 100k salary, it says you should have 150k. So looks like you are on relatively on track. (note that the chart states it is for retirement at age 65, but...
by mhalley
Sat Jul 05, 2014 7:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Am I on the right track at age 34?
Replies: 19
Views: 2285

Re: Evaluating annuities, agent non-responsive

It is unbelievable that the person that made the huge commission off this elder will not even return a phone call. I would call this salesmans superior to complain, perhaps even make a complaint to the state regulatory board. Perhaps vanguard could help to evaluate them? https://investor.vanguard.co...
by mhalley
Sat Jul 05, 2014 6:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Evaluating annuities, agent non-responsive
Replies: 6
Views: 558

Re: Rolling over a 401(k) questioin

Is he over 59 1/2? Will he/you be taking ss? Are you still working? You might consider doing partial rollovers into roth iras for several years to minimize future rmds. Run the numbers at i-orp using different scenarios, And see if that might be an option.
http://www.i-orp.com/
Mike
by mhalley
Sat Jul 05, 2014 3:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Rolling over a 401(k) question
Replies: 8
Views: 810

Re: Worried about my parents' financial health

Dave Ramsey often has similar calls to his radio show (more along the lines of parents with extreme debt, but also with regards to savings/investing. He often quotes something referred to as "Powdered Butt Syndrome"." Here are a couple of links about it: http://www.daveramsey.com/inde...
by mhalley
Fri Jul 04, 2014 11:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Worried about my parents' financial health
Replies: 10
Views: 1087

Re: FICO Scores: Which one do you get?

I don't pay for mine. I use CreditKarma and review my credit reports annually at annualcreditreport.com.

https://www.creditkarma.com/


https://www.annualcreditreport.com/index.action


Mike
by mhalley
Fri Jul 04, 2014 4:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: FICO Scores: Which one do you get?
Replies: 20
Views: 1703

Decumulation accounts, Open Fidelity Cash MGT?

Getting ready to retire in Oct and thinking of how best to set up my withdrawals. All of my taxable money is at Vanguard, so that is where the first several years of living expenses will come from. I also have an old 401k at Fidelity, and current 401k at Schwab, and for the first few years I will be...
by mhalley
Thu Jul 03, 2014 7:48 pm
 
Forum: Personal Consumer Issues
Topic: Decumulation accounts, Open Fidelity Cash MGT?
Replies: 8
Views: 800

Re: Time to buy a tv or wait 2 years?

There is always some better technology right around the corner. Right now, there is hardly any 4k content to watch. Will there be a bunch in 2 yrs, 5 yrs, 10 yrs? I dunno. With most things going to streaming, are you gonna be able to stream 4k content? I kinda doubt it. Will there be 4k dvds? Probab...
by mhalley
Thu Jul 03, 2014 12:49 am
 
Forum: Personal Consumer Issues
Topic: Time to buy a tv or wait 2 years?
Replies: 66
Views: 5745

Re: Formula for padding portfolio for crash

I think everyone has this fear as they approach retirement. I am scheduled to retire in Oct this year, and I keep debating with myself about whether I should rebalance to a little safer aa. At 50 you do have a higher risk of running out of money due to the extra 10 years your savings will have to la...
by mhalley
Wed Jul 02, 2014 5:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Formula for padding portfolio for crash
Replies: 14
Views: 1223

Re: Re-hired at firm, given incorrect 401k info

I think yiou also need to consider the time value of money in the situation. If he missed out on 2k now, that could be worth 6k or more when he retires, depending on his age. I certainly don't blame the op for being angry, he just needs to curb the anger and be calm and logical in trying to get the ...
by mhalley
Wed Jul 02, 2014 5:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Re-hired at firm, given incorrect 401k info
Replies: 27
Views: 2298

Re: I'm worthless

The good news is that last month you had a negative net worth, so there is no where to go from here but UP!
Keep up the good work and your net worth will sky rocket.
Mike
by mhalley
Wed Jul 02, 2014 5:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: I'm worthless [Net worth is zero]
Replies: 33
Views: 5032

Re: Transplant hard drive from old to a new laptop?

Its always better to do a reinstall of software and migrate your data onto a new computer, but it is a pita, so i understand why you want to try moving the hard drive. If you have a large amount of programs and you really don't want to do the reinsttall, i have used laplinks pcmover to migrate in th...
by mhalley
Tue Jul 01, 2014 10:07 pm
 
Forum: Personal Consumer Issues
Topic: Transplant hard drive from old to a new laptop?
Replies: 16
Views: 673
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