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Re: What level of detail do you budget to?

I base my monthly salary (I own a business) on what my normal monthly expenditures are (Fixed, Variable and Discretionary Spending). I generally only budget items that are at least somewhat discretionary on the amount I spend such as groceries, entertainment and gas. In other words I place limits on...
by newbeginning
Sat Apr 06, 2013 6:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: What level of detail do you budget to?
Replies: 66
Views: 4834

Re: What if I cash in my Whole Life insurance?

Cash Value - 20 years worth of premiums and surrender charges = taxable amount. I suspect you will have little in taxes.
by newbeginning
Sat Apr 06, 2013 4:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: What if I cash in my Whole Life insurance?
Replies: 5
Views: 397

Re: How do big banks attract depositors

The money is on the business banking side. Services provided on the accounts of some corporations and government entities can bring in millions in fees from a single client. With the fractional banking system they need very little in reserves in order to borrow the money to loan from the Fed and as ...
by newbeginning
Sat Apr 06, 2013 5:14 am
 
Forum: Investing - Theory, News & General
Topic: How do big banks attract depositors
Replies: 42
Views: 3342

Re: Mortgage as a "reverse bond" in Allocation Plannin

Seems pretty simple to me. Which has a higher interest rate? 3.25% Mortgage vs 1.7% IBond? Prepay mortgage. Thats how I see it anyway. I dont see a point to buying a bond when I can save more than I would earn by prepaying the mortgage. Sorry I dredged up this old post, I evidently linked to it from...
by newbeginning
Sat Apr 06, 2013 4:49 am
 
Forum: Investing - Theory, News & General
Topic: Mortgage as a "reverse bond" in Allocation Plannin
Replies: 59
Views: 5680

Re: Need idea on what to do with cash.

High Interest Checking with an Internet Bank might pay as much as 1.00% and be safe. You have to make sure you jump through all the hoops though.

A short term bond fund like VFSTX might pay 2-3% this year but a 0.25% rise in interest rates could hit you 0.5% in value.

No free lunch!
by newbeginning
Thu Apr 04, 2013 1:23 am
 
Forum: Investing - Help with Personal Investments
Topic: Need idea on what to do with cash.
Replies: 4
Views: 431

Re: I wish the market wasn't so high! Hold out for a fall?

Split your money into 3 pots.

1/3 Lump Sum.
1/3 DCA.
1/3 on Pull Backs.

Thats what would let me sleep at night.
by newbeginning
Thu Apr 04, 2013 12:52 am
 
Forum: Investing - Help with Personal Investments
Topic: I wish the market wasn't so high! Hold out for a fall?
Replies: 58
Views: 7628

Re: 39 year old - Personal investing & Asset Allocation

Excuse me for going off topic for a second. I noticed your mortgage. 2.75% 15-Year and 2.625% 10-Year is readily available. 2.75% would save about $2000 a year (Should make back fees in about 18-24 months). Just a thought.

Gene
by newbeginning
Wed Apr 03, 2013 11:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: 39 year old - Personal investing & Asset Allocation
Replies: 62
Views: 11858

Re: HSA and Social Security

Why would you choose to make an investment (social security) that will likely have a negative real return?
Take the $459 a year in savings and invest it. In 30 years it might be $87,000.00.

PS Anyway to increase it to the max $6450 a year (I assume you have a family plan)?
by newbeginning
Sat Mar 30, 2013 5:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: HSA and Social Security
Replies: 3
Views: 541

Re: Help with Splitting an Inheritance

If the porperties need repaired in order to get the most out of them and a sister or sisters has the financial wherewithal to accomplish this then an agreement could be signed. She/they pay for repair and are reimbursed from the proceeds of the sale before the remainder is split. The agreement shoul...
by newbeginning
Sat Mar 30, 2013 4:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help with Splitting an Inheritance
Replies: 44
Views: 3010

Re: developing credit - only have debit card

Sounds like she may be suggesting "Alternative Credit". http://www.ecredable.com/faqs/alternative-credit. The traditional way to start building credit is with a secured credit card. As an alternative if she subscribes to some financial magazines she will shortly start getting preapproved c...
by newbeginning
Sat Mar 30, 2013 4:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: developing credit - only have debit card
Replies: 6
Views: 467

Re: 7% Raise... Where to put it?

Dont forget you can still max out her Roth for 2012 through April 15. If you dont have the funds currently available use your emergency fund. If you have an emergency you can always take it back out of the Roth penalty free. PS Im personally of the opinion that since tax law at retirement is an unkn...
by newbeginning
Fri Mar 29, 2013 9:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: 7% Raise... Where to put it?
Replies: 8
Views: 874

Re: Without a ROTH, how should I invest?

You can open and fund a Roth for the 2012 tax year through April 15, 2013. You can open and fund a SEP IRA through your tax deadline (Including any extensions).
by newbeginning
Thu Mar 28, 2013 1:38 am
 
Forum: Investing - Help with Personal Investments
Topic: Without a ROTH, how should I invest?
Replies: 21
Views: 1839

Re: My automatic plan to maximize gains while minimizing los

Put your $10,000 in I-Bonds and be done with it. At least it beats CD Rates.
by newbeginning
Thu Mar 28, 2013 1:26 am
 
Forum: Investing - Help with Personal Investments
Topic: My automatic plan to max gains & min. loss is cancelled
Replies: 66
Views: 6368

Re: 24 Year Old - Am I Not Disciplined Enough?

Lucky, if you want a 3-fund portfolio, which would typically be the default recommendation here unless there's some reason to do otherwise, I'd suggest using Vanguard LifeStrategy Growth in your IRA. This is an 80/20 fund that is--you guessed it--a three fund portfolio with Total US Stock Market In...
by newbeginning
Thu Mar 28, 2013 1:04 am
 
Forum: Investing - Help with Personal Investments
Topic: 24 Years Old - Am I Not Disciplined Enough?
Replies: 17
Views: 2053

Re: First Vanguard Roth IRA Composition Help

As a novice investor with a long horizon I decided on VASGX. Automatic rebalancing with exposure to both US and International Stocks and Bonds. The recent changes (you did read the prospectus didnt you ?) only strengthened it in my eyes. I gave me the 70/30 US/Int Stock allocation I wanted along wit...
by newbeginning
Tue Mar 26, 2013 12:00 am
 
Forum: Investing - Help with Personal Investments
Topic: First Vanguard Roth IRA Composition Help
Replies: 4
Views: 866

Re: [POLL] Are zillow price estimates accurate for your home

Zillow was 0.7% high (on appraisal) and 10% high on what I paid late last summer when I bought my house. Zillow is currently showing 2.7% above my 7 month old appraisal. We never really had a bubble here so we only suffered a -5.01% drop from peak to bottom (assuming its bottomed). I suspect the mor...
by newbeginning
Mon Mar 25, 2013 11:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: [POLL] Are zillow price estimates accurate for your home?
Replies: 62
Views: 5672

Re: Tax-Adjustment to Allocation

Should allocation be tax adjusted? Example: Roth IRA - Total Stock Market Index - $60,000 401k - Total Bond Market Index - $40,000 ($30,000 after taxes) Marginal Tax Rate 25% Would it be best to consider that a 60/40 or 67/33 Stock/Bond allocation? Gene Gene, OK, I have some questions. You have men...
by newbeginning
Mon Mar 25, 2013 8:17 pm
 
Forum: Investing - Theory, News & General
Topic: Tax-Adjustment to Allocation
Replies: 21
Views: 853

Re: Home loan for self employed

You might try a local mortgage bank. They like to see two years of tax returns with stable to rising income but the fact that you are in the same industry and possibly working with the same company will carry some weight. The fact that the underwriting is done locally and in house makes them more fl...
by newbeginning
Sat Mar 23, 2013 12:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Home loan for self employed
Replies: 8
Views: 759

Tax-Adjustment to Allocation

Should allocation be tax adjusted?

Example:

Roth IRA - Total Stock Market Index - $60,000
401k - Total Bond Market Index - $40,000 ($30,000 after taxes)
Marginal Tax Rate 25%

Would it be best to consider that a 60/40 or 67/33 Stock/Bond allocation?

Gene
by newbeginning
Sat Mar 23, 2013 12:18 am
 
Forum: Investing - Theory, News & General
Topic: Tax-Adjustment to Allocation
Replies: 21
Views: 853

Re: Is Vangaurd -too- big?

So as I understand it, if the S&P 500 had a total market cap of 15 trillion, and assuming the single fund ownership limit is 5%, the S&P500 Index fund (VFINX) could run into the 5% wall at about 750 billion. With smaller indices, sectors & industries, a fund would hit any size limit wit...
by newbeginning
Fri Mar 22, 2013 7:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is Vanguard -too- big?
Replies: 21
Views: 2425

Re: Any of you Bogleheads NOT going to retire?

I work therefore I am, I am therefore I work.

I cant imagine retiring but that day may come. More likely I will simply find other windmills to tilt...

Gene
by newbeginning
Thu Mar 21, 2013 12:40 am
 
Forum: Personal Finance (Not Investing)
Topic: Any of you Bogleheads NOT going to retire?
Replies: 35
Views: 4178

Re: What % of gross income do you spend on rent/mortgage?

Mortgage Payment (Including Property Tax and Insurance) - 11.3% based on 2012 Gross.
Very low cost area (both property tax and values). House is 2800'.
by newbeginning
Tue Mar 19, 2013 12:53 am
 
Forum: Personal Consumer Issues
Topic: What % of gross income do you spend on rent/mortgage?
Replies: 132
Views: 7118

Re: Advice on Moving Money from Chase into Index Fund?

I would look at Life Strategy Moderate Growth. It is 60% stock and 40% fixed income and is a one fund solution, totally hands off. You might also look into opening a solo 401(k) with Vanguard which might allow you to put more away AND put $5500 into a Roth IRA each year. You can put a $5000 (2012) ...
by newbeginning
Tue Mar 05, 2013 2:57 am
 
Forum: Investing - Help with Personal Investments
Topic: Advice on Moving Money from Chase into Index Fund?
Replies: 18
Views: 1312

Re: What to do with $20k

http://www.rothira.com/roth-ira-rules You can open and fund a 2012 Roth until April 15 of 2013. Read the tarizingBadger! That link is incorrect according to Vanguard. They say the deadline is April 15 to open or contribute for 2012. I hope so because I just opened a Roth with $10,500 ($5,000 for 20...
by newbeginning
Tue Mar 05, 2013 12:05 am
 
Forum: Investing - Help with Personal Investments
Topic: What to do with $20k
Replies: 23
Views: 2707

Re: Bank fraud on my business account; left high and dry by

I use a separate personal account for my small business. A relative (Treasury Management Officer) warned me of the reduced protections.
by newbeginning
Fri Mar 01, 2013 4:14 am
 
Forum: Personal Finance (Not Investing)
Topic: Bank fraud on my business account; left high and dry by bank
Replies: 37
Views: 3467

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