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Re: 20 Year vs 30 Year Term Life Insurance for a 35 year old

I'm in the exact same boat (same age) but already have a couple of toddlers. I went for the 30 year policy (when they were born). The extra $20-30 per month was worth it to me for an additional 10 years of coverage, particularly when college/grad school is an option.
by mmmark
Thu Jul 03, 2014 10:53 am
 
Forum: Personal Finance (Not Investing)
Topic: 20 Year vs 30 Year Term Life Insurance for a 35 year old
Replies: 14
Views: 1268

Re: Child Care - 2 or More Children and Strategies to Pay

Kids are expensive, best advice is not to have more kids because daycare is just the start, there's then activities and college and post college expenses. Take a hard look at your income, expenses, and other life goals when considering whether to have another child, it may be that it might not be t...
by mmmark
Fri May 23, 2014 11:47 am
 
Forum: Personal Finance (Not Investing)
Topic: Child Care - 2 or More Children and Strategies to Pay
Replies: 46
Views: 3339

Business Owners - how'd you get your start?

Inspired by the Truly High Earners thread... I'm curious as to the business owners on this board. What type of business do you own? How did you get your start? What convinced you to take a chance on your own business? How long did it take for you to start seeing success? How many previous businesses...
by mmmark
Tue Jan 14, 2014 12:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Business Owners - how'd you get your start?
Replies: 5
Views: 591

Re: Truly high earners (>$1M/year) how'd you do it?

I'd love to hear what types of businesses the business owners who have posted here own.
by mmmark
Tue Jan 14, 2014 12:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Truly high earners (>$1M/year) how'd you do it?
Replies: 64
Views: 7124

Re: "Adviser" Shopping for My Workplace's 401k Business

this adviser would just replace our current adviser. the provider and third party administrator would remain the same. our current adviser gets .5% (even on top of vanguard total stock market index which should be illegal in my opinion). so, this adviser would just be making his recommendations from...
by mmmark
Thu Dec 05, 2013 5:07 pm
 
Forum: Investing - Theory, News & General
Topic: "Adviser" Shopping for My Workplace's 401k Business
Replies: 6
Views: 411

"Adviser" Shopping for My Workplace's 401k Business

I'm on my company's 401k committe. An investment adviser is shopping for my company's 401k business to replace our current "adviser." (Personally I'd like to cut out all the advisers but it does not look like that is in the cards). I asked him to give me examples (with all personal informa...
by mmmark
Thu Dec 05, 2013 3:37 pm
 
Forum: Investing - Theory, News & General
Topic: "Adviser" Shopping for My Workplace's 401k Business
Replies: 6
Views: 411

Interesting Article - Investment Manager Explains Why 99.5%

Investment Manager Explains Why 99.5% Of Americans Can Never Win
http://www.businessinsider.com/an-investment-managers-view-2013-11

I found this article really interesting. The break down of the top 1% was telling. Curious to see what other Bogleheads think of the conclusions.
by mmmark
Thu Nov 21, 2013 1:00 pm
 
Forum: Investing - Theory, News & General
Topic: Interesting Article - Investment Manager Explains Why 99.5%
Replies: 1
Views: 496

Re: investment with after tax money or pay off mortgage?

Better in terms of economic security/cashflow in 5-10 years? Paid off house. Better in terms of ending up with the most money? Three fund approach will probably beat 3.25% over the next 15 years, but there is a chance it won't. Better economic security? You're ignoring the potential of the paid-off...
by mmmark
Wed Nov 20, 2013 6:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: investment with after tax money or pay off mortgage?
Replies: 29
Views: 1954

Re: investment with after tax money or pay off mortgage?

Do you plan on having any kids? If so, they are expensive. You may find that your current disposable cash-flow is consumed after you have kids.
by mmmark
Tue Nov 19, 2013 5:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: investment with after tax money or pay off mortgage?
Replies: 29
Views: 1954

Re: My relatives insulted my family for 40 years and think t

just spend all your money during your life and let them fight over your "estate".
by mmmark
Thu Nov 14, 2013 5:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: My relatives insulted my family for 40 years and think they
Replies: 131
Views: 10497

Re: EE savings bonds

Thanks everyone, I did not know that after 20 years they reach face value. I thought that took until the 30 year final maturity.

So what happens after 20 years? They just earn interest at the current rates until the 30 year final maturity?
by mmmark
Fri Oct 25, 2013 12:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: EE savings bonds
Replies: 14
Views: 888

Re: EE savings bonds

Two of them ($1000 face value, each) were purchased in 1998 (mature in 2028). They are currently worth $837.60 each.

The other two ($200 face value, each) were purchased in 2004 (mature in 2034). They are currently worth $126.72 each.

Does that change anything?
by mmmark
Fri Oct 25, 2013 12:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: EE savings bonds
Replies: 14
Views: 888

EE savings bonds

My wife has a couple savings bonds that mature in 2028 and 2034. The face value of the bonds is $2400. The present cash surrender value is $1932.08. Accordingly to Treasury Direct, they're earning .68%. I think we should cash them in now and apply the proceeds to our index fund holdings. Thoughts? A...
by mmmark
Fri Oct 25, 2013 11:20 am
 
Forum: Investing - Help with Personal Investments
Topic: EE savings bonds
Replies: 14
Views: 888

Re: College: Formula for Determining Cost

Thanks for posting. All the more reason to contribute to 401k and IRA accounts first and fully. I've got twins boys (2 years old). Based on the calculators I've tinkered with, a top ivy or similar private institution will cost around $500-$600k for 4 years by the year 2030. :shock: I'm planning on s...
by mmmark
Thu Oct 24, 2013 3:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: College: Formula for Determining Cost
Replies: 3
Views: 363

Why are there so few attorneys on this site?

I'm an attorney and it seems like this forum is almost entirely devoid of lawyers. It seems like there are a lot of doctors and engineers on this forum, but very few lawyers. Are lawyers somehow predisposed to being non-bogleheads?
by mmmark
Wed Oct 16, 2013 4:20 pm
 
Forum: Personal Consumer Issues
Topic: Why are there so few attorneys on this site?
Replies: 48
Views: 2415

How much do you spend on insurance products?

I'm wondering if my insurance agent is doing me any favors or if I'm getting ripped off. Currently we spend the following annually: Car 1 Insurance - $820 - 2012 Honda Pilot Car 2 Insurance - $527 - 2006 Subaru Forester Husband 30 Year Term Life Insurance – $840 ($1M policy) (age 34) Wife 30 Year Te...
by mmmark
Mon Oct 07, 2013 3:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much do you spend on insurance products?
Replies: 2
Views: 333

Re: New 401k Vendor at Work

We have a third party administrator and then a separate financial consultant group who shopped the vendors for us. I believe the TPA fees are covered by the employer, but the financial consultant group gets .50% off of the employee's assets. The ultimate decision was to go with Transamerica and I be...
by mmmark
Fri May 10, 2013 3:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: New 401k Vendor at Work
Replies: 8
Views: 515

New 401k Vendor at Work

We have a new vendor taking over over our 401k plan at work. I have just been asked to be a part of the committee that is meeting with the vendor in a week. What questions should I ask the vendor? Any advice is appreciated.
by mmmark
Fri May 10, 2013 2:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: New 401k Vendor at Work
Replies: 8
Views: 515

Re: Payoff Car loan 0.9%?

it didn't seem to me to be a purely financial question from OP's perspective. but i'll let OP answer that.
by mmmark
Thu May 02, 2013 5:29 pm
 
Forum: Personal Consumer Issues
Topic: Payoff Car loan 0.9%?
Replies: 34
Views: 2477

Re: Payoff Car loan 0.9%?

i'm in the same situation. personally, i'm accelerating both my student loan payments and my car loan payments because i want them gone. even if it doesn't make financial sense to pay them off because the interest rates are low, i look forward to the satisfaction of having them gone. pay the car off...
by mmmark
Thu May 02, 2013 5:10 pm
 
Forum: Personal Consumer Issues
Topic: Payoff Car loan 0.9%?
Replies: 34
Views: 2477

Re: Consolidating Accounts (Fidelity to Vanguard)

Thanks. This wasn't intended to be a Fidelity vs. Vanguard topic, more a question of whether it makes sense to have assets in one place... all taxable assets in one account versus two.
by mmmark
Mon Apr 22, 2013 2:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Consolidating Accounts (Fidelity to Vanguard)
Replies: 6
Views: 641

Consolidating Accounts (Fidelity to Vanguard)

I am considering moving money in taxable and IRA/Roth IRA accounts currently held at Fidelity, over to Vanguard. I posted a week ago about my portfolio http://www.bogleheads.org/forum/viewtopic.php?f=1&t=114861 and am wondering if there is any advantage to closing up my Fidelity accounts and mov...
by mmmark
Mon Apr 22, 2013 2:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Consolidating Accounts (Fidelity to Vanguard)
Replies: 6
Views: 641

Re: Portfolio Review & help w/ Asset Allocation - 34 father

Grt2bOutdoors, Duckie, and rickmerrill, thank you all for taking the time to comment and advise. I was taking a look at my position in my taxable Fidelity account: http://i48.tinypic.com/9kb4oh.jpg What's interesting is if you look at the holdings in the Fidelity account (all of which were establish...
by mmmark
Fri Apr 19, 2013 12:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review & help w/ Asset Allocation - 34 father of 2
Replies: 11
Views: 1366

Re: Portfolio Review & help w/ Asset Allocation - 34 father

anyone have any thoughts on my other questions above? Thanks in advance.

-Mark
by mmmark
Wed Apr 17, 2013 5:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review & help w/ Asset Allocation - 34 father of 2
Replies: 11
Views: 1366

Re: Portfolio Review & help w/ Asset Allocation - 34 father

On the Fidelity account, we'd probably realize around $18k, mostly in long-term capital gains. We'd realize about $13k in long term gains and $2k in the Vanguard accounts.
by mmmark
Wed Apr 17, 2013 12:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review & help w/ Asset Allocation - 34 father of 2
Replies: 11
Views: 1366

Re: Portfolio Review & help w/ Asset Allocation - 34 father

I'd love to hear some thoughts and/or suggestions on my current portfolio and how to allocate things going forward if anyone has the time. Thanks again.
by mmmark
Wed Apr 17, 2013 11:42 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review & help w/ Asset Allocation - 34 father of 2
Replies: 11
Views: 1366

Re: Portfolio Review & help w/ Asset Allocation - 34 father

Thanks again Bob. Income is reflected above as just salary. It fluctuates depending on my bonus, which was $40k for 2012, but only $7k for 2013. So I'm generally unable to contribute to a Roth IRA directly.
by mmmark
Tue Apr 16, 2013 2:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review & help w/ Asset Allocation - 34 father of 2
Replies: 11
Views: 1366

Re: Portfolio Review & help w/ Asset Allocation - 34 father

Thanks Bob. The Roth 401k was just offered by my employer, so I have only been participating in it for about 3 months. I guess I'm betting that tax rates are going to go up over the next 30-40 years and would like tax diversification on withdrawals. We do contribute $5,000 to a dependent day-care FS...
by mmmark
Tue Apr 16, 2013 1:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review & help w/ Asset Allocation - 34 father of 2
Replies: 11
Views: 1366

Portfolio Review & help w/ Asset Allocation - 34 father of 2

Hello Bogleheads – First, thank you all in advance for taking the time to review my portfolio and for any and all recommendations on how to allocate assets going forward. I just recently finished reading Bogleheads' Guide to Investing and have been lurking on this forum for a couple of months. This ...
by mmmark
Tue Apr 16, 2013 11:36 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review & help w/ Asset Allocation - 34 father of 2
Replies: 11
Views: 1366

Re: How to prevent others from copying my self-published boo

don't forget to register your work with the copyright office. it's worth the $35.
by mmmark
Thu Mar 07, 2013 7:40 pm
 
Forum: Personal Consumer Issues
Topic: How to prevent others from copying my self-published book?
Replies: 17
Views: 1662

Re: Three Fund Portfolio at Fidelity

Shouldn't the three fund portfolio at Fidelity include these Advantage class index funds?

- FSTVX
- FSGDX
- FSITX
by mmmark
Tue Feb 26, 2013 6:57 pm
 
Forum: Investing - Theory, News & General
Topic: Three Fund Portfolio at Fidelity
Replies: 8
Views: 1596

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