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Re: ABLE 529: Use cases for disabled adult?

Georgia does allow one to deduct up to $2000 from your taxes, but if my math is right 2k * .06 = $120 / year off your taxes. Also, you are correct that the 235k is the contribution cut off. The account can grow beyond that. You're right that to really benefit from the account, you'd want to leave th...
by mortal
Wed Apr 08, 2015 6:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: ABLE 529: Use cases for disabled adult?
Replies: 3
Views: 356

ABLE 529: Use cases for disabled adult?

Howdy all, For those of you who don't know what the ABLE act is, think of it like a 529 specifically for people with disabilities. I know that I'm eligible to use one when the plan rolls out this summer, but I'm still a bit unsure what the use case is for an employed adult. Just my rent and transpor...
by mortal
Wed Apr 08, 2015 8:32 am
 
Forum: Personal Finance (Not Investing)
Topic: ABLE 529: Use cases for disabled adult?
Replies: 3
Views: 356

HSA limits (include / exclude) employer contributions?

Howdy folks, Do HSA contribution limits (currently 3350 per person) include or exclude employer contributions? I ask because I know 401k limits are exclusive of employer match, and I can't imagine it would be different for an HSA. It's maddening because my employer changes it once or twice a year, m...
by mortal
Sun Apr 05, 2015 8:07 pm
 
Forum: Investing - Theory, News & General
Topic: HSA limits (include / exclude) employer contributions?
Replies: 1
Views: 297

Re: Restaurant tipping

I always thought that tipping a percentage was strange. The waiter does the same work if they're serving you coffee and a 7 dollar waffle or a fancy $15 italian dish. I nearly always tip $2 or $3 bucks. Granted I don't usually spend more than $15 on a meal out, so I think it's fair. I also think the...
by mortal
Mon Mar 23, 2015 10:05 pm
 
Forum: Personal Consumer Issues
Topic: Restaurant tipping
Replies: 200
Views: 12122

Re: What Age Did You First Ponder Financial Independence?

I graduated in 2008 at the start of the 'Great Recession'. I managed to land a job but my facebook feed was filled with the misery of friends who were less fortunate. At first, I just wanted to put away a few months worth of expenses just to be on the safe side. After that, I wanted a new car. I rea...
by mortal
Thu Mar 19, 2015 11:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: What Age Did You First Ponder Financial Independence?
Replies: 74
Views: 7096

Source for global returns over the long term?

Howdy folks, Much has been made of the low returns predicted here recently. I thought to myself 'hmm, yeah that's nice, but didn't we get a ~ 7% return over the past ~ 150 years or so?' This period included two world wars, numerous recessions, etc. Then I thought about something else. This was the r...
by mortal
Wed Mar 11, 2015 11:11 pm
 
Forum: Investing - Theory, News & General
Topic: Source for global returns over the long term?
Replies: 2
Views: 252

Re: Honda fit vs VW GTI

Just wanted to thank you all for the opinions. I find the diference of opinions interesting. I know these cars are in two different class levels. That's because choosing between something sporty, and something cheap and cheerful is a big (and hard) part of the decision I'm thinking over. The GTI is ...
by mortal
Sun Mar 01, 2015 9:42 pm
 
Forum: Personal Consumer Issues
Topic: Honda fit vs VW GTI
Replies: 54
Views: 4074

Honda fit vs VW GTI

Howdy folks, So, in the next year or two I might be selling my miata, and buying a more practical car. I am particularly leaning buying a hatchback. I (think) I've narrowed it down to two contenders. A new Honda Fit, or a used 2012-2013 VW GTI. Now, for those of you who aren't 'car people' these two...
by mortal
Sun Mar 01, 2015 12:39 pm
 
Forum: Personal Consumer Issues
Topic: Honda fit vs VW GTI
Replies: 54
Views: 4074

Re: How much did you have saved up for retirement at age 30?

Well, I was 30 only a couple years back. I'm still single, and I graduated college when I was 25, so a bit of a late start... I'm kinda surprised at folks naming exact dollar figures for their networth here. Lets just say that at 30 I was 1/3 of the way towards being financially independent (@ 3% SW...
by mortal
Wed Feb 25, 2015 11:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much did you have saved up for retirement at age 30?
Replies: 173
Views: 13524

Effects of early retirement on Social Security benefits?

Howdy folks, I (hopefully!) am on track to be financially independent by about 45-50 years old. I may continue working if I still find it interesting, but I also may retire. If I do retire, how would doing so at 45 effect my social security benefits as opposed to doing so at the 'normal' retirement ...
by mortal
Sat Jan 31, 2015 2:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Effects of early retirement on Social Security benefits?
Replies: 8
Views: 962

Re: 529 tax advantage may go away

I doubt this will take effect unless it can be done via executive order. I was pretty excited about the 'Able Act' 529 extension. It would seem completely pointless to do away with the tax benefits of such a plan. I'm still trying to figure how it fits in with my overall savings plans. If anyone has...
by mortal
Thu Jan 22, 2015 11:58 pm
 
Forum: Investing - Theory, News & General
Topic: 529 Plans in Danger?
Replies: 21
Views: 1591

Re: Honda Civic vs Fit Safety Question

I'd make sure you consider that if you put a modern baby seat in the passenger-side rear seat of a Fit, that your adult passenger better not be more than 5' 6" or so. There's a video on Youtube of this and a typical male is going to have his knees in the glove compartment & forehead very c...
by mortal
Mon Jan 19, 2015 12:26 am
 
Forum: Personal Consumer Issues
Topic: Honda Civic vs Fit Safety Question
Replies: 55
Views: 3571

Re: Why invest in International funds? It's a mystery

Everyone keeps mentioning Japan as an example of why you should diversify to international, but I think there are many others. For instance, how would one have faired as a citizen of the Austria-Hungry Empire after WWI, or the Axis powers after WWII? I recall seeing returns for various countries ove...
by mortal
Sat Jan 17, 2015 12:54 am
 
Forum: Investing - Theory, News & General
Topic: Why invest in International funds? It's a mystery
Replies: 121
Views: 10870

Re: Savings Rate vs. FUN

Well, let me ask you this, (and be honest!) are you going to take the car to track days? BMW clubs typically run ~4 track days a year around here. If you plan on doing this, the m235 is likely the better choice. Having said that, track days are *expensive*. We're talking ~$500 admission, and that do...
by mortal
Thu Jan 08, 2015 11:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Savings Rate vs. FUN
Replies: 43
Views: 3531

Re: ubunto vs xubuntu vs lubuntu laptop

I've used linux almost exclusively since 2000. I *genuinely* prefer it to windows / os x unless you're into pc gaming (even then, steam is supporting linux more often now days). I settled on xubuntu. It's extremely configurable looks nice, and is light weight. I like using the keyboard over the mous...
by mortal
Thu Jan 08, 2015 11:26 pm
 
Forum: Personal Consumer Issues
Topic: ubunto vs xubuntu vs lubuntu laptop
Replies: 21
Views: 2520

Re: ABLE ACT (529 for disabled) now law.

So, for someone born with a disability, who has a job, how would this be useful?

Isn't this basically a jumbo sized roth with (generous) spending restrictions?
by mortal
Mon Dec 29, 2014 8:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: ABLE ACT (529 for disabled) now law.
Replies: 13
Views: 2033

Re: ABLE ACT (529 for disabled) now law.

Update:
A helpful boglehead sent me a link to this article. It has much more in depth discussion than I've seen elsewhere.
by mortal
Sun Dec 28, 2014 12:16 am
 
Forum: Personal Finance (Not Investing)
Topic: ABLE ACT (529 for disabled) now law.
Replies: 13
Views: 2033

ABLE ACT (529 for disabled) now law.

Howdy folks, It seems congress has passed (and obama has signed ), a new law which provides for a 529 like law for people with disabilities. Some highlights gleaned from google, and the bill : Up to 14k / year can be contributed. Beneficiary must have had the disability prior to age 26. Contribution...
by mortal
Sat Dec 27, 2014 7:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: ABLE ACT (529 for disabled) now law.
Replies: 13
Views: 2033

Re: Savings rate of -2% for those under 35 - WSJ

I have to think this study is excluding investment as well. I'm a millennial, and from what I've seen of my friends my age, we all seem to be fairly frugal. I think part of the reason is that even those of us with good jobs (like myself) know a lot of folks who did everything right and are *still* h...
by mortal
Tue Nov 11, 2014 1:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Savings rate of -2% for those under 35 - WSJ
Replies: 69
Views: 5067

Re: Do you dream about retirement?

I write software for a living, and most days, I like my job. Some days / weeks / months are rough though. It doesn't take many 60 hour weeks before it starts to wear me down. I look at it like I'm building a safety net, in as literal a metaphor as I can make it. Some day, when I am financially indep...
by mortal
Mon Oct 27, 2014 10:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you dream about retirement?
Replies: 91
Views: 7634

Re: What Are We Doing To Our Young Investors?

I remember when I was doing a coop internship with the navy. The fed HR lady was a bit surprised that I even wanted to participate in the TSP. When the coop ended, I elected to leave my tiny balance there instead of roll it to an IRA. I later learned that the TSP was basically one of the best 401ks ...
by mortal
Wed Oct 22, 2014 11:27 pm
 
Forum: Investing - Theory, News & General
Topic: What Are We Doing To Our Young Investors?
Replies: 29
Views: 4321

Re: V6 or V8 engine for new Chrysler 300

Question, do you spend more time on two lane country roads, or in city / interstate traffic? If you spend a lot of time driving country roads, you'll need the power to pass quickly. I would go with the 8 cyl. If you drive mostly on city streets passing is either not allowed, or like interstates, you...
by mortal
Thu Sep 11, 2014 11:22 pm
 
Forum: Personal Consumer Issues
Topic: V6 or V8 engine for new Chrysler 300
Replies: 25
Views: 2018

Re: Variable Percentage Withdrawal (VPW)

Up until now, I've been using a SWR of 3% to forcast my number... myNumber = myYearlyExpenses / 3% I was all excited about having a new formula til I attempted to to adjust it for a 50% loss on a 50/50 stock / bond AA .75 (50% loss on 50/50 s/b AA) * .041 = .03075 right? Or, roughly 3% Seems I'm rig...
by mortal
Tue Sep 02, 2014 10:35 pm
 
Forum: Investing - Theory, News & General
Topic: Variable Percentage Withdrawal (VPW)
Replies: 539
Views: 149104

Re: Is buying two SUVs a sane/good financial move?

Ugh, people seem to have a fundimental misunderstanding of what ESC does. It tames oversteer / understeer conditions. It does *not* give you any more grip to avoid the accident. Just for an example, a honda accord can pull .87 latteral g on the skid pad. A Honda CR-V can only pull .78 (source C&...
by mortal
Sun Aug 17, 2014 11:07 pm
 
Forum: Personal Consumer Issues
Topic: Is buying two SUVs a sane/good financial move?
Replies: 63
Views: 4190

Re: Is buying two SUVs a sane/good financial move?

I also vote for the driver course. I've done the two day driving school myself. http://skipbarber.com/driving-programs/ In my experience driving a truck, the heavier the vehicle, and the higher the center of gravity, the harder it will be for you to *avoid* an accident in the first place People talk...
by mortal
Sun Aug 17, 2014 9:02 pm
 
Forum: Personal Consumer Issues
Topic: Is buying two SUVs a sane/good financial move?
Replies: 63
Views: 4190

Re: That sudden moment when Money is not a Problem

Sorry to hear that; we're all mortals. Boy, don't I know it!* ;) Cut, sorry to hear about your friend. It wouldn't really trouble me to 'drop dead' at a certain age, having money left unspent. At best, I'm in a better place. At worst, I'm not around to regret it. However, being given a terminal dia...
by mortal
Mon Aug 11, 2014 12:07 am
 
Forum: Personal Finance (Not Investing)
Topic: That sudden moment when Money is not a Problem
Replies: 33
Views: 6966

Re: HDHP vs PPO (least bad choice)

Update : verified oop max $2500 in network 2x out
Everything beyond deductible is covered 100%

Single, No dependants
by mortal
Wed Aug 06, 2014 3:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: HDHP vs PPO (least bad choice)
Replies: 13
Views: 972

Re: HDHP vs PPO (least bad choice)

I believe the oop max is 5k, but with the plan covering 100% after 2500 for in network , I think it's hard to get there short of an ambulance taking you to an out of network hospital. Prescriptions are also covered. I take one generic prescription / mo. Runs me 10 at Walmart. I have cp, but it is a ...
by mortal
Wed Aug 06, 2014 7:34 am
 
Forum: Personal Finance (Not Investing)
Topic: HDHP vs PPO (least bad choice)
Replies: 13
Views: 972

HDHP vs PPO (least bad choice)

Howdy folks, We're having 'open enrollment' at my employer. I have a choice between two health plans at the moment, and would like help chosing between them. 1. $86 / mo. PPO $1500 deductible 10% Co-Insurance after deductible is met, $100 Rx deductible. 2. $40 / mo. HDHP $2500 deductible. For those ...
by mortal
Tue Aug 05, 2014 11:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: HDHP vs PPO (least bad choice)
Replies: 13
Views: 972

Re: How Much Did You Lose Today?

Honestly didn't even realize the stock market fell today. I still haven't checked how my portfolio did, nor do I intend to. I always like to keep a little bit sitting in cash till either the end of the month, or a bad drop. Whadya know, today was both! Orders submitted! It's inconsequential in the b...
by mortal
Thu Jul 31, 2014 11:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: How Much Did You Lose Today?
Replies: 166
Views: 16139

Re: Keeping up with the neighbors and Balance

You know, it's funny, I think of myself as frugal, and the general population as less so. However, I don't have an issue 'keeping up with the Jonses'. Perhaps it engineers in general, but among my co-workers most drive a worse car than I do (and mine is only worth about 9k). Most of my friends outsi...
by mortal
Fri Jun 06, 2014 11:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Keeping up with the neighbors and Balance
Replies: 95
Views: 10919

Re: Boglehead equivalent of a Permanent Porfolio (for 27 yo)

Best advice I can give you: Go with a lazy portfolio http://www.bogleheads.org/wiki/Lazy_portfolios Now, with regards to Permenant Portfolio, lets discuss the role of gold. Imho, gold is *not* a hedge against inflation. Gold is a hedge against the wholesale collapse of a currency / economy. If you *...
by mortal
Thu May 15, 2014 10:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Boglehead equivalent of a Permanent Porfolio (for 27 yo)?
Replies: 17
Views: 1638

Re: Hit your #, Still want to work, does your savings % chan

My plan in this situation is to keep working and saving, adjusting my spending upward each year to the new amount that can be supported by a 3 percent swr. I'll keep this up until I no longer have a marginal utility for the increased income.
by mortal
Tue Apr 22, 2014 10:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Hit your #, Still want to work, does your savings % change?
Replies: 47
Views: 5377

Re: Are 20 somethings handicapped bc of inflation and little

Honestly, I *don't* account for inflation. I wrote an (overly simplistic) program a while back to model my retirement savings. I simply tried to think of things in 'real' terms. For instance, if the stock market returns on average 7% / year, and inflation is 3%, then the real return on stocks is onl...
by mortal
Wed Mar 12, 2014 11:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Are 20 somethings handicapped bc of inflation and little SS?
Replies: 162
Views: 10818

Re: What video games are you currently playing?

Games I've really gotten into over the years: Civilization II This game was the first video game I ever really loved. Bought it in 1996 and played it all the way to 2006, when I quit pc gaming. If it I could get this to run under wine, I'd still probably be playing it today. Before I started playing...
by mortal
Fri Mar 07, 2014 8:31 pm
 
Forum: Personal Consumer Issues
Topic: What video games are you currently playing?
Replies: 172
Views: 10994

Re: The growing case against ETFs ARTICLE

Back in the day, I went with ETF's over mutual funds because I didn't have enough money to have admiral shares of all my holdings. I've heard you can convert ETFs to admiral shares without triggering capital gains, but I'm not sure how that works. I do like to keep a few thousand in cash in money ma...
by mortal
Sun Feb 23, 2014 3:10 pm
 
Forum: Investing - Theory, News & General
Topic: The growing case against ETFs ARTICLE
Replies: 36
Views: 4432

Re: Took the Plunge, Bought an Accord Hybrid

@ fishinskiguy Yeah, I have to disagree with you as well. For the Toyota pruis, it would seem that they over engineered the battery pack. Consumer reports tested a ten year old prius a while back, and found no real loss in performance or effeciency. Automakers are incrementally improving IC engines,...
by mortal
Sun Feb 23, 2014 1:17 am
 
Forum: Personal Consumer Issues
Topic: Took the Plunge, Bought an Accord Hybrid
Replies: 45
Views: 6483

Re: Transitioning when one hits "the number"

I have not yet hit my number, so I can only share my plan. My number = current living expenses / .03 (swr) When I hit 'My number' I will slowly increase my spending each year in line with a 3% withdrawal rate. I expect I will very quickly hit the point of diminishing returns, and at that time (curre...
by mortal
Sat Feb 15, 2014 1:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Transitioning when one hits "the number"
Replies: 72
Views: 5534

Are stock returns compound returns?

It's funny, I think I know a fair bit about investing, but there's a question that's been nagging me here lately. Are stock returns compound? For simplicity sake, say I take $100 dollars and invest it a cd offered by a (supidly generous) bank, at 10% interest for two years, compounded annually. Year...
by mortal
Sat Feb 15, 2014 1:11 am
 
Forum: Investing - Theory, News & General
Topic: Are stock returns compound returns?
Replies: 13
Views: 1488

Re: Best new car-under $30K

Personally I like hatchbacks and wagons. I love what you can haul in the back of one with the rear seats folded. I will say that I really don't like SUVs. Most SUVs today are wagons on jacked up suspensions. It's just not worth trading your center of gravity / handling for better ground clearance un...
by mortal
Thu Dec 12, 2013 11:03 pm
 
Forum: Personal Consumer Issues
Topic: Best new car-under $30K
Replies: 44
Views: 4496

REITs worth the trouble?

A while back, I read up on the core 4 portfolios. I see some very smart people often recommending them for diversification. However, I also remember their crazy volitiliy during the financial crisis. Even this year, amid a booming stock market, REITs have had some wild swings (I'm assuming that's do...
by mortal
Sun Nov 17, 2013 11:30 pm
 
Forum: Investing - Theory, News & General
Topic: REITs worth the trouble?
Replies: 23
Views: 3971

Re: NYTimes Article: Timing of Returns in Retirement

What about the tax implications of this? Say at retirement you are 50/50 stocks / bonds and these are held in taxable / tax-adv accounts respectively? That's roughly where my projections put me at retirement.
by mortal
Sun Sep 15, 2013 11:08 pm
 
Forum: Investing - Theory, News & General
Topic: NYTimes Article: Timing of Returns in Retirement
Replies: 69
Views: 7456

help choosing a health plan

My company just switched health insurance carriers. They are doing away with my current health plan and I need help deciding between a few options. 1. PPO w $1000 deductible and 10% copays for $95/mo 2. PPO w $1500 deductible for $45/mo 3. HDHP w $2500 deductible for $15/mo with a $30/mo contributio...
by mortal
Sat Aug 10, 2013 2:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: help choosing a health plan
Replies: 5
Views: 526

Re: Buy a new Windows 8 disc to clear Dell's bloat

Also, there's linux.

http://www.linuxmint.com/edition.php?id=141

When I bought my laptop, windows vista stayed installed for all of 5 minutes after the first boot. Unless you're a gamer, or you need to run some windows only software, I highly recommend it.
by mortal
Thu Aug 08, 2013 9:51 pm
 
Forum: Personal Consumer Issues
Topic: Buy a new Windows 8 disc to clear Dell's bloat
Replies: 33
Views: 3539

Re: Your Home is Not a Good Investment

http://online.wsj.com/article/SB111852419690557157.html

I found this article to be a particularly good read on the subject.

Having said that, I don't remember googling this, so I almost certainly clicked a link that someone else posted somewhere. Apologies if this is a dupe.
by mortal
Sun Aug 04, 2013 12:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Your Home is Not a Good Investment
Replies: 145
Views: 13294

Re: Future car purchase - The downward spiral

Anything Tesla is way out of my price range. I'm *keenly* interested in the 2014 mazda 3. 0-60 ~7.2 seconds and 37mpg highway is enticing. My guess is it'll be a throwdown between the mazda3, the new GTI, and the new Prius, with possibly the new Honda Fit Hybrid coming into play. I haven't heard any...
by mortal
Mon Jul 22, 2013 11:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Future car purchase - The downward spiral
Replies: 12
Views: 1529

Future car purchase - The downward spiral

I will be shopping for a new car some time between 1 - 3 years from now. I'm a planner (read, indecisive). It took me two years to find what I wanted and buy my last car. It's a 2006 mazda miata. I bought it because I wanted something that was everything my ford ranger was not. It's fast, it's nimbl...
by mortal
Mon Jul 22, 2013 10:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Future car purchase - The downward spiral
Replies: 12
Views: 1529

Minimizing ER vs maintaining AA

Hi Everyone, I just started a new job today. John Hancock is our 401k provider. Given all the horror stories I've heard elsewhere, I expected very high expense ratios on all their funds. True enough, pretty much every offering in the 401k is greater than 1.2% ER, with the exception of one S & P ...
by mortal
Mon Jun 17, 2013 9:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Minimizing ER vs maintaining AA
Replies: 1
Views: 195

Re: Satisfying the Emotional Need to Actively Participate

I like keeping a few grand in my money market account, with outstanding limit to buy if stocks drop say 4-5%, reset monthly I find it comforting to log in after a Really Bad Day/Week and see my trades executed. It makes very little impact on the overall bottom line, but it makes me feel better (hey,...
by mortal
Mon Apr 08, 2013 6:39 pm
 
Forum: Investing - Theory, News & General
Topic: Satisfying the Emotional Need to Actively Participate
Replies: 23
Views: 1948

Other Forums?

Do any of y'all have suggestions for other forums you frequent that cover a similar range of topics as bogleheads.org? I'm specifically looking for something some what similar to the now defunct Politonomics.org. Somewhere I can discuss investing, but can also talk about economic theory, etc http://...
by mortal
Wed Apr 03, 2013 10:47 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Other Forums?
Replies: 2
Views: 582
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