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Re: Diy managed payout fund?

Have you or her considered an annuity (SPIA), at least for part of it? A quick Google search suggests that $100K could yield north of $800-900/month in guaranteed income.

Note: I'm not any sort of advisor, nor do I know much beyond the basics of annuities.
by papito23
Sun Oct 19, 2014 8:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Diy managed payout fund?
Replies: 6
Views: 438

return of capital vs. labor in private biz w/ friend, spouse

Thanks all for stopping by. Would appreciate insights from anyone's previous business experience. I have a business I co-own with my spouse; a mutual and longtime friend is an unofficial partner. We are all about 30 y/o. We are struggling with how to organize the business and share profits with our ...
by papito23
Sun Oct 19, 2014 12:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: return of capital vs. labor in private biz w/ friend, spouse
Replies: 0
Views: 147

Re: Opinions on Social Index Fund (VFTSX)?

OP, I had VFTSX for awhile until I was finally convinced SRI in the form of exclusionary mutual funds was an expensive and ineffective way to achieve the social impact I desired for my life. For the record, I perceive myself as having a very strong conscious (still a recovering idealist/perfectionis...
by papito23
Sat Sep 06, 2014 9:48 pm
 
Forum: Investing - Theory, News & General
Topic: Opinions on Social Index Fund (VFTSX)?
Replies: 19
Views: 1623

Re: Six-Figure Incomes—and Facing Financial Ruin [WSJ articl

I live in California, Bay Area. Here is a break down of my expense (I religiously track it on mint.com) on a monthly basis Mortgage, HOA $4,500 Day Care $1,600 Food and Dining $1,500 I pay $12,000 in property tax, an average of $1,000 a month and about an additional $2,600 for other items, i.e. sho...
by papito23
Sat Sep 06, 2014 4:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Six-Figure Incomes—and Facing Financial Ruin [WSJ article]
Replies: 59
Views: 9586

Re: Hw many credit cards to own?

I am down to 5, but use 2 in practice: 1) 2% back Barclay Priceline.com card (everything) 2) Chase Freedom for 5% back on gas for 6 months / yr Keeping track of more than two bills is definitely not worth my time for the extra $13.69 or so I could earn. The other three are: 1) A card I opened at age...
by papito23
Mon Aug 18, 2014 5:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Hw many credit cards to own?
Replies: 123
Views: 76340

Re: Going 60+% international? (US resident)

When I first found Bogleheads.org, I obsessed about these things. Still trying to break free of minutiae. Let's say you made this change 15 years ago (having Taylor Larimore's recent post in mind ) and compare it with your leave-it-at-50/50-default: $250,000 split 50/50 $125,000 in Total US Stock. 5...
by papito23
Sat Aug 09, 2014 6:58 am
 
Forum: Investing - Theory, News & General
Topic: Going 60+% international? (US resident)
Replies: 83
Views: 6267

Re: U.S. stocks in freefall

As I was catching up on my "US stocks in freefall" reading, I checked today's gyrations ("freerise"?) on Google finance: http://i60.tinypic.com/mrxyiw.png My 2 yr old daughter was sitting on my lap and observed: "Are those mountains and cliffs? Is that from winter snow?"...
by papito23
Fri Aug 08, 2014 5:18 pm
 
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 941
Views: 158597

Re: average American eats out 203 times per year

Wow! Different strokes for different folks, but we generally only eat out for convenience or to skip the never-ending dishes. Ordering people around to prepare my food, having them ask me how I'm doing and then snatch the plates away to be washed makes me feel like a prince! In fact, maybe I feel ba...
by papito23
Fri Aug 08, 2014 4:20 pm
 
Forum: Personal Consumer Issues
Topic: average American eats out 203 times per year
Replies: 105
Views: 6896

Re: How Much Did You Lose Today?

Not enough. Made some greenbacks at a market peak & low interest rate environment... so I need a buying opportunity!
by papito23
Thu Jul 31, 2014 9:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: How Much Did You Lose Today?
Replies: 166
Views: 15635

Re: Google Voice Not Supported on OBi Devices After May 15 2

Had some issues. Incoming calls would not alert user when the iPhone (4) was asleep (black). Scoured the 'net ("Googled" of course) and apparently the issue was fixed by logging out and back in (technically, deactivating I think). Worked for me, just have to make sure he ringer is turned u...
by papito23
Sun May 18, 2014 3:52 pm
 
Forum: Personal Consumer Issues
Topic: Google Voice Not Supported on OBi Devices After May 15 2014
Replies: 102
Views: 11458

Re: Google Voice Not Supported on OBi Devices After May 15 2

I had previously been using GV in tandem with Talkatone to have a completely free, unlimited, U.S. home phone # over wi-fi. We used apps on our wi-fi-only iPhone (no active phone carrier). Too good to be true, I know! If I understood it right, somehow one of them dialed out and the other let calls i...
by papito23
Sat May 17, 2014 9:31 pm
 
Forum: Personal Consumer Issues
Topic: Google Voice Not Supported on OBi Devices After May 15 2014
Replies: 102
Views: 11458

Re: [Parents thinking about making home loans to children]

I am in essentially the same position as you, just on the receiving end. Both siblings +/- 30 y/o have already taken a loan from the Bank of Dad and are 1 and 4 years in to 30-yr mortgages. I am lined up here to start mine in a few weeks. Dad gives us 30-yr loans at 15-yr rates, and skips the origin...
by papito23
Sat May 17, 2014 7:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Parents thinking about making home loans to children]
Replies: 18
Views: 1104

Re: qualifying for Medicaid under post-ACA eligibility stand

Let me be more specific: Has anyone purposefully increased their Traditional IRA (or HSA, 401(k)...) contributions to lower their MAGI... and were they able to document this to the satisfaction of their local FSSA office? I think an additional challenge would be showing this in the middle of the yea...
by papito23
Tue Apr 29, 2014 8:40 am
 
Forum: Personal Finance (Not Investing)
Topic: qualifying for Medicaid under post-ACA eligibility standards
Replies: 1
Views: 1095

qualifying for Medicaid under post-ACA eligibility standards

Based on last year's thread in regards to ACA income tax planning strategies, it appears that MAGI for ACA-purposes can actually be reduced by Traditional IRA, 401(k), and HSA contributions, among others. This is more commonly used (esp. in this forum) to maximize the premium credit one receives. My...
by papito23
Mon Apr 28, 2014 1:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: qualifying for Medicaid under post-ACA eligibility standards
Replies: 1
Views: 1095

Re: Best living environment for raising kids?

I don't think there is a best environment for raising kids. I do think there are some bad environments for raising kids to be avoided. ^+1. Avoid the worst, and then just make the best of it. We are about to move to a small Midwestern town (pop: 2,000) not because it is best, but because it is wher...
by papito23
Sat Apr 26, 2014 8:07 am
 
Forum: Personal Consumer Issues
Topic: Best living environment for raising kids?
Replies: 11
Views: 2941

Re: Home equity and retirement spending plan

Perhaps it depends on what you consider your budget to include or exclude. I plan on adding in home equity, but that's because I consider housing expense as a part of my budget (which will someday become "retirement needs"). I currently need $22-25K / year to cover all expenses in a normal...
by papito23
Sat Apr 26, 2014 8:01 am
 
Forum: Investing - Theory, News & General
Topic: Home equity and retirement spending plan
Replies: 19
Views: 4270

Re: If you have ACA health insurance, what is your experien

Had a catastrophic, high-deductible plan for the wife and I for ~$143/mo (via eHealthInsurance.com). I understood that this could be grandfathered in for a year or two, but was unclear whether or not we would receive certain post-ACA benefits (such as no preexisting conditions, etc), so I went to ht...
by papito23
Mon Apr 21, 2014 8:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: If you have ACA health insurance, what is your experience?
Replies: 222
Views: 16890

Re: What does a Boglehead Mattress look like?

A Boglehead picks an appropriate allocation and sleeps well at night. Therefore, with a reduction in tossing and turning, one would see a less wear and tear, thus driving the cost-per-sleep-cycle even lower (buy-and-hold mattresses). With such savings, one sleeps even better at night, and then...
by papito23
Mon Apr 21, 2014 1:47 pm
 
Forum: Personal Consumer Issues
Topic: What does a Boglehead Mattress look like?
Replies: 21
Views: 3246

Re: Low-flow shower head: $4,500 saved in last 5 yrs

I stumbled upon this by calculating the benefit of washing out old Ziploc bags, as my waste-not-want-not family has become notorious for. By my numbers, you save money at a rate of $2.50/hr. And in my case, you are saving oil (plastic) only by burning coal (pumping/heating water). [Edited for clari...
by papito23
Mon Apr 21, 2014 1:44 pm
 
Forum: Personal Consumer Issues
Topic: Low-flow shower head: $4,500 saved in last 5 yrs
Replies: 35
Views: 4950

Re: Low-flow shower head: $4,500 saved in last 5 yrs

Assumptions: *marginal cost of water and sewer / gal: $0.013 That seems awfully expensive. Here in San Jose, which is not known for low costs, the marginal cost on my bill is $2.87 per HCF . 1 HCF is 748 gallons. So that's $2.87 / 748 = $0.0038/gallon . The average cost is higher due to a high fixe...
by papito23
Mon Apr 21, 2014 9:20 am
 
Forum: Personal Consumer Issues
Topic: Low-flow shower head: $4,500 saved in last 5 yrs
Replies: 35
Views: 4950

Re: Just maxed 2013 Roth IRA. Should I max 2014 now too?

The only time it makes sense to wait is if you are getting close to not being eligible to make a full Roth contribution based on your AGI. In my case (low-middle income earner with varying income), the ideal mix of Traditional and Roth cannot really be known until early the following year. There ar...
by papito23
Mon Apr 21, 2014 9:10 am
 
Forum: Investing - Help with Personal Investments
Topic: Just maxed 2013 Roth IRA. Should I max 2014 now too?
Replies: 21
Views: 2983

Re: POLL: why carry cash?

My car always carries ~$80 cash in a secret location for those special moments (like 2 days ago) when I absentmindedly leave the house without my wallet. I would have been stranded 150 miles from home with no gas. But you still had no legal way to drive home. Did you call two friends who both had l...
by papito23
Sat Apr 19, 2014 11:02 am
 
Forum: Personal Finance (Not Investing)
Topic: POLL: why carry cash?
Replies: 243
Views: 14226

Re: POLL: why carry cash?

My car always carries ~$80 cash in a secret location for those special moments (like 2 days ago) when I absentmindedly leave the house without my wallet. I would have been stranded 150 miles from home with no gas. No way I'm going to stash a credit card in my car. Cash is king (sometimes).
by papito23
Sat Apr 19, 2014 9:31 am
 
Forum: Personal Finance (Not Investing)
Topic: POLL: why carry cash?
Replies: 243
Views: 14226

Re: New homeowner: lawn care advice

He is a new homeowner - wait he isn't even an owner yet. Give him a break. Let him buy the stuff and take care of his yard. In Charlotte virtually everyone grows cool weather bunch turf grass. So it looks great in fall and spring and ok over the winter. No matter what you do every fall you have to ...
by papito23
Mon Apr 14, 2014 8:46 pm
 
Forum: Personal Consumer Issues
Topic: New homeowner: lawn care advice
Replies: 87
Views: 27121

Re: New homeowner: lawn care advice

You asked for advice, so here you go: I highly recommend finding alternatives to maintaining artificial (non-native) cool season grasses in an arid, drought-prone, and overpopulated area like Texas. I am a big proponent of using water to grow edible plants vs. maintaining cultural oddities (esp. in ...
by papito23
Mon Apr 14, 2014 8:22 pm
 
Forum: Personal Consumer Issues
Topic: New homeowner: lawn care advice
Replies: 87
Views: 27121

Re: What age did you reach 100K networth?

Age 27. Considering I never made more than $12.50/hr (no benefits), switched jobs, worked overseas for a non-profit, etc I feel extraordinarily blessed. Most of the net worth pop is due to full financial support of DW and I's college education through scholarships and family wealth. This has enabled...
by papito23
Fri Mar 28, 2014 4:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: What age did you reach 100K networth?
Replies: 264
Views: 35581

Re: Will this affect your Tipping? [Suggested Tip Amounts]

These little hints and nudges will, of course, change behavior in the aggregate. Whether that is in the favor of the servers, the establishment, or the clientele, I don't know. I would like to think I'm immune from all this behavioral economics trickery, but alas I don't see how I am much different....
by papito23
Sun Mar 23, 2014 3:47 pm
 
Forum: Personal Consumer Issues
Topic: Will this affect your Tipping? [Suggested Tip Amounts]
Replies: 123
Views: 9067

Re: Population Decline and International Exposure

Even if these trends do play out, it's hard to draw a direct line to the performance of the underlying investments. I would worry about things you can control and reasonably predict. I've followed these debates for 10 years, and neither economists nor environmentalists know the future. That is one r...
by papito23
Sun Mar 16, 2014 1:51 pm
 
Forum: Investing - Theory, News & General
Topic: Population Decline and International Exposure
Replies: 19
Views: 1818

Re: Amazon hikes cost of Prime to $99

I have Student Prime, which is increasing from $39 to $49, but not until my renewal in 11 months. :) I use the free/quick shipping for both my side business and personal, so it adds up. Plus, Downtown Abbey and Dora the Explorer/Curious George to keep both my ladies happy. Video availability is just...
by papito23
Thu Mar 13, 2014 1:31 pm
 
Forum: Personal Consumer Issues
Topic: Amazon Prime Increase
Replies: 185
Views: 9627

Re: Low-flow shower head: $4,500 saved in last 5 yrs

There are times when I think some folks have to search hard to find something to obsess over! You have no idea :) I do have the data on hand-washing plastic sandwich bags. $4,500 ain't chump change. $0.02 plastic bags... that's another story. Yet I know a couple worth >4M that still do it. Old habi...
by papito23
Wed Mar 12, 2014 2:25 pm
 
Forum: Personal Consumer Issues
Topic: Low-flow shower head: $4,500 saved in last 5 yrs
Replies: 35
Views: 4950

Re: Low-flow shower head: $4,500 saved in last 5 yrs

Savings depend on what water charges are for actual use. My town charges a basic quarterly fee for water service to each home, i.e., overhead. Then it adds a fee for water use. My charge for water use is about $5 a month. Since my water use charge is low a 1.5 GPM shower head is not going to save m...
by papito23
Wed Mar 12, 2014 12:09 pm
 
Forum: Personal Consumer Issues
Topic: Low-flow shower head: $4,500 saved in last 5 yrs
Replies: 35
Views: 4950

Re: Low-flow shower head: $4,500 saved in last 5 yrs

To clarify, 1.3 cents is the marginal cost of both water and sewer. If you divide the total bill by the # of gallons, it's more like 2.0 cents (due to a fixed charge for stormwater, etc). We had a big rate increase recently to come into compliance with a variety of regulations (reducing the time our...
by papito23
Wed Mar 12, 2014 10:40 am
 
Forum: Personal Consumer Issues
Topic: Low-flow shower head: $4,500 saved in last 5 yrs
Replies: 35
Views: 4950

Re: Near infinite marginal tax rate?

Correct my mathematics if I'm wrong, but I don't think anything can be "near infinite." :wink:
by papito23
Tue Mar 11, 2014 9:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Near infinite marginal tax rate?
Replies: 10
Views: 1397

Re: Low-flow shower head: $4,500 saved in last 5 yrs

True. Though I personallydon't take longer showers (short hair). In general, I agree with conventional economic thinking (things drop in price, we consume more of them) though I think that is far too simplistic to cover all of our countless economic choices. Electric light has consistently fallen in...
by papito23
Tue Mar 11, 2014 9:07 pm
 
Forum: Personal Consumer Issues
Topic: Low-flow shower head: $4,500 saved in last 5 yrs
Replies: 35
Views: 4950

Low-flow shower head: $4,500 saved in last 5 yrs

In the depth of the great recession (March 2009), a family of five in my town replaces their 2.5 GPM shower heads with 1.5 GPM. Cost: $0.00 (free from the electric utility). They invest the savings monthly from their water and electric bills in a total U.S. stock market index fund (like VTSMX). What...
by papito23
Tue Mar 11, 2014 8:56 pm
 
Forum: Personal Consumer Issues
Topic: Low-flow shower head: $4,500 saved in last 5 yrs
Replies: 35
Views: 4950

Re: Do you have a side job?

My wife had a fun little idea that got some very fortunate mentions on trendy blogs and blew up. We ended up making enough with that small business to cover all our expenses last year. A huge blessing, considering I'm a grad school T.A. :D We have a little one at home, so the flexibility and home-of...
by papito23
Tue Mar 11, 2014 9:33 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you have a side job?
Replies: 59
Views: 6333

Re: Where is the market heading?

What is your equity in, if not the S&P? If you stick somewhere near the 3-Fund Portfolio , you can track that a little better. I am 40% International, so you can understand I was a little bummed by 2013 when I "missed" the outperformance of US stocks over international. Diversification...
by papito23
Sat Mar 08, 2014 12:17 pm
 
Forum: Investing - Theory, News & General
Topic: Where is the market heading?
Replies: 28
Views: 1643

Re: Staying the Course has never been harder

A quick sniff test says you are trying to argue your way up to a higher stock allocation. Hard to believe the direction of the stock market the last 5 years has nothing to do with it. So we are here to tell you no. "Once you have won the game, stop playing," as they say. You haven't won ye...
by papito23
Sat Mar 08, 2014 12:14 pm
 
Forum: Investing - Theory, News & General
Topic: Staying the Course has never been harder
Replies: 45
Views: 5286

Re: Your stock/bond mix for those ~20 yrs from retirement

I'm hoping to retire in 14-17 years and I'm 70/30 :beer I link my AA by my portfolio total amount Less than 25% of goal 75% stocks 25% of goal 70% stocks 50% of goal 65%% stocks 75% of goal. 60% stocks At my goal 50% stocks John Allocation by % of goal reached seems to make sense to me, yet I feel ...
by papito23
Thu Mar 06, 2014 10:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Your stock/bond mix for those ~20 yrs from retirement
Replies: 42
Views: 2993

Re: Job Offer Negotiation / Interview Snafu

...So if they offer me $81-83k I will be satisfied with that, all things considered. If they low ball my "meet in the middle" request and only come up to $79-80k I will not be happy... With all respect, that seems strange. Try to look at it objectively (irrespective as to what their offer...
by papito23
Thu Mar 06, 2014 8:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Job Offer Negotiation / Interview Snafu
Replies: 177
Views: 31824

Re: Job Offer Negotiation / Interview Snafu

My current job requires almost no OT, this is the one thing I'm scared of losing if I leave. I really mean it when I say "here and there" I will be perfectly fine with staying late when needed. But long regular hours will make me miserable and will jade me from respecting my superiors bec...
by papito23
Wed Mar 05, 2014 10:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Job Offer Negotiation / Interview Snafu
Replies: 177
Views: 31824

Re: Open Trad=lower income=receive tax credit->convert to ro

As stated above, students can't take this credit . Read F8880 . I have pondered this Trad vs. Roth issue for low-middle income folks, and the answer appears to be "it depends." For 2013, I will be making ~$7,500 in Trad . contributions because I calculate my net (tax) return on that to be ...
by papito23
Wed Mar 05, 2014 8:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Open Trad=lower income=receive tax credit->convert to roth
Replies: 9
Views: 415

Re: You know you're a Boglehead when ...

When you hover your mouse over the Dropbox icon in the toolbar and it says "Indexing...", your heart flutters.
by papito23
Wed Mar 05, 2014 11:38 am
 
Forum: Local Chapters and Bogleheads Community
Topic: You know you're a Boglehead when ...
Replies: 105
Views: 17155

Re: Beat the S&P 500 with the S&P 500? Not likely

If one wishes to beat the performance of the S&P500 for the year, all one has to do is buy the S&P500 when it is lower than it started the year. There already have been some good opportunities this year to do so (think Feb 3rd for instance). Then one can sit back and relax for the rest of t...
by papito23
Wed Mar 05, 2014 6:40 am
 
Forum: Investing - Theory, News & General
Topic: Beat the S&P 500 with the S&P 500? Not likely.
Replies: 15
Views: 1824

Re: Purchase farmland or sell it?

FYI Here is a side-by-side comparison I did with the S&P500 and Iowa farmland, 1950-2011. Maybe I'll update it in a few years... Thanks, this is awesome. Did you factor in fees and selling costs in your computation though? I mean: if you are to sell farm land, you probably incur brokerage costs...
by papito23
Tue Mar 04, 2014 10:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Purchase farmland or sell it?
Replies: 34
Views: 2549

Re: Purchase farmland or sell it?

The farmland that she inherited is located adjacent to our property, so it's easy to keep an eye on the property and monitor what is being planted and so forth. ... I think slow n stead y makes a great point, If you inherited $300,000 in cash, would you even think about buying farmground with it? I...
by papito23
Tue Mar 04, 2014 10:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Purchase farmland or sell it?
Replies: 34
Views: 2549

Re: Purchase farmland or sell it?

FYI Here is a side-by-side comparisonI did with the S&P500 and Iowa farmland, 1950-2011. Maybe I'll update it in a few years...
by papito23
Tue Mar 04, 2014 10:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Purchase farmland or sell it?
Replies: 34
Views: 2549

Re: Purchase farmland or sell it?

Buffett bought 400 acres in 1986 ... precisely at the low point of the huge farm bust. (Here's historic Iowa prices as a proxy). He calculated the return as 10%, now (as seen above) it's 3.0%. In my uneducated opinion, you have plenty of common stocks and land would be a great diversifier. Land and ...
by papito23
Tue Mar 04, 2014 8:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Purchase farmland or sell it?
Replies: 34
Views: 2549

Re: What to say to Non-Savers

Their destiny is destruction, their god is their stomach, and their glory is in their shame. Their mind is set on earthly things. Repeat the above often enough and you'll feel better, or at least smug. Observing my own parents (savers) and my in-laws (non), I tend to see these habits as fixed at an...
by papito23
Mon Mar 03, 2014 8:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: What to say to Non-Savers
Replies: 71
Views: 5668

Re: Do children become less expensive as they grow up?

My kid costs almost nothing. Just 24/7 attention and care. I take that back, the wife is not working... so the kid costs about $30K/ yr in foregone income (minus what would be a substantial tax increase). So, yes, I expect my child to cost quite a bit less if we send her off to public school. FTR I ...
by papito23
Thu Feb 27, 2014 5:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do children become less expensive as they grow up?
Replies: 93
Views: 7679
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