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Employer profit sharing rules on a Keough?

I'm a self-employed software contractor and last year I set up a profit sharing Keough with Fidelity at the beginning of 2013. I'm 61 so I'm eligible for the "catch up" provision for my own contributions $17.5K + $5.5K = $23K, so I did that. But I'm unclear on the profit sharing contributi...
by plnelson
Wed Apr 09, 2014 7:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Employer profit sharing rules on a Keough?
Replies: 1
Views: 126

Re: We're not in an Equity Bubble

Is anyone positive about state of the U.S. economy and economic growth? Everyone seems to be forecasting low real GDP growth, like 2% p.a. I am an outlier and extremely positive about the U.S. economy over the next decade and have been for a couple years. The strength the economy has shown so far c...
by plnelson
Wed Nov 20, 2013 10:12 pm
 
Forum: Investing - Theory, News & General
Topic: We're not in an Equity Bubble
Replies: 61
Views: 5922

Re: who here is tempted to pullback on stocks?

I know that bogleheads do not time the market. This thread isn't for you, or the "stay the course" comments. I know that, i get that, and I live that. My question is simply - if you are tempted to take profits and shift some to cash, are you going to do it or are you going to resist? I am...
by plnelson
Wed Nov 20, 2013 9:58 pm
 
Forum: Investing - Theory, News & General
Topic: who here is tempted to pullback on stocks?
Replies: 104
Views: 7871

Re: Screening Questions . . . [What companies sell this info

This thread is now in the Personal Consumer Issues forum (personal info). I retitled the thread. The other question: Screening Questions . . . [Who compiles this information?] Maybe it's because you moved what was obviously an investment-related thread ( " Are there any "pure plays" ...
by plnelson
Wed Nov 20, 2013 9:55 pm
 
Forum: Personal Consumer Issues
Topic: Screening Questions . . . [What companies sell this info?]
Replies: 3
Views: 284

Screening Questions . . . [What companies sell this info?]

Moderator N.B. - I have a related question on another thread but it is A DIFFERENT QUESTION as you can see if you read to the end . . . Yesterday I called up GE Capital Bank to buy some CD's. I've never done any business with them before so after getting the basics like address and SS number they as...
by plnelson
Wed Nov 13, 2013 8:17 pm
 
Forum: Personal Consumer Issues
Topic: Screening Questions . . . [What companies sell this info?]
Replies: 3
Views: 284

Screening Questions . . . [Who compiles this information?]

Moderator N.B. - I have a related question on another thread but it is A DIFFERENT QUESTION as you can see if you read to the end . . . Yesterday I called up GE Capital Bank to buy some CD's. I've never done any business with them before so after getting the basics like address and SS number they as...
by plnelson
Wed Nov 13, 2013 8:11 pm
 
Forum: Personal Consumer Issues
Topic: Screening Questions . . . [Who compiles this information?]
Replies: 4
Views: 480

Re: What does this event from Fidelity mean?

tludwig23 wrote:In this case, FTC refers to Fitch, a credit rating agency (like Moody's or S&P).



Good. That makes more sense. Very sensible of Fitch, I wonder what the other ratings agencies are waiting for?

Thanks!
by plnelson
Wed Oct 16, 2013 12:56 am
 
Forum: Investing - Help with Personal Investments
Topic: What does this event from Fidelity mean?
Replies: 2
Views: 684

What does this event from Fidelity mean?

Through a Fidelity brokerage account I have a wide variety of bond holdings and I regularly receive events and notifications about them - usually announcements about impending maturity and that sort of thing. N.B. I'm talking about actual individual securities, not bond funds . Among my holdings are...
by plnelson
Wed Oct 16, 2013 12:24 am
 
Forum: Investing - Help with Personal Investments
Topic: What does this event from Fidelity mean?
Replies: 2
Views: 684

Re: If ratings are puffery then how to rate bonds?

Would this be an issue with an index fund? Maybe better just to stick with Treasuries. Index funds, like all bond funds, have interest rate risk, and I used to just buy Treasuries until they lost their AAA rating. :D But I want to stick to my question which is still this - here we have Standard and...
by plnelson
Mon Jul 08, 2013 8:55 pm
 
Forum: Investing - Theory, News & General
Topic: If ratings are puffery then how to rate bonds?
Replies: 13
Views: 934

Re: Credit Cards vs Debit Cards

frugaltype wrote:
Fclevz wrote:I use cash so it's harder for the NSA to track me* ;)

Cheers,
Fred


I'm no longer using return address labels on postal mail :-)


I no longer back up my computer data - if I have a hard drive crash I just file a FOIA and get it from the NSA. :mrgreen:
by plnelson
Mon Jul 08, 2013 8:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit Cards vs Debit Cards
Replies: 54
Views: 3081

Re: Credit Cards vs Debit Cards

ER2023 wrote:I'm surprised at how much cash back some of you are getting - sounds almost too good to be true - but I'm sure the companies are still profiting from those not paying balance every month.


They're profiting from the merchant fees, regardless of whether cardhodlers pay off in full every month.
by plnelson
Mon Jul 08, 2013 8:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit Cards vs Debit Cards
Replies: 54
Views: 3081

Re: Credit Cards vs Debit Cards

Only have one credit card and opened it over 25 years ago through employer. I hardly ever use it unless I really need to (traveling for example) - but mostly use debit card. I'm now thinking about looking at what other options are out there - where you receive cash back, points on things, etc., and...
by plnelson
Mon Jul 08, 2013 8:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit Cards vs Debit Cards
Replies: 54
Views: 3081

If ratings are puffery then how to rate bonds?

Note to moderator: I'm not trying to start a topic on news or politics - this is a question about the best way to assess bond risk. I buy individual bonds structured into a bond and CD ladder mainly as a sort of a very long-term rainy day fund. I hold them to maturity so there's no interest-rate ri...
by plnelson
Mon Jul 08, 2013 7:48 pm
 
Forum: Investing - Theory, News & General
Topic: If ratings are puffery then how to rate bonds?
Replies: 13
Views: 934

Re: Why/how such big disparities in CD rates?

Why wait in the bank lobby? Spend a few minutes downloading a transfer form from a credit union website and a stamp mailing it in. Write, Hi, NSA next to the stamp. As a side note, you wouldn't believe the carrying on I see when I suggest credit unions to some people. They seem to think they're bei...
by plnelson
Mon Jul 08, 2013 12:33 am
 
Forum: Personal Finance (Not Investing)
Topic: Why/how such big disparities in CD rates?
Replies: 20
Views: 2174

Why/how such big disparities in CD rates?

I have a lot of accounts with Bank of America - a business account, a trust account, a bunch of saving and checking accounts, and a bunch of CD's I took out years ago when rates were higher. One of the CD's is coming due now and I was looking of BofA's rates and I noticed that they're dramatically l...
by plnelson
Sun Jul 07, 2013 3:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why/how such big disparities in CD rates?
Replies: 20
Views: 2174

Re: TIPS question

You got it. TIPS are good at capturing unexpected inflation. Expected inflation ... no big deal. And what about deflation? So what does the research say about how accurate the "expected" inflation estimates have been? Only months ago 10 year Treasuries were 1.7%; now they're 2.7% (and les...
by plnelson
Fri Jul 05, 2013 9:16 pm
 
Forum: Investing - Theory, News & General
Topic: TIPS question
Replies: 12
Views: 1244

Re: Installing lightning rods - who, how much?

Any decent electrical shop could put together a lightening rod package for your home. Or if you are handy you could do it yourself and save some money. I want it NFPA 780 -compliant - there's too much riding on getting it right. (not to mention a discount on my HO insurance) Keep in mind the number...
by plnelson
Tue Jun 18, 2013 10:04 pm
 
Forum: Personal Consumer Issues
Topic: Installing lightning rods - who, how much?
Replies: 19
Views: 1200

Re: Installing lightning rods - who, how much?

user5027 wrote:Try google. lightning rods massachusetts


I did. The only places I could find were very far away. That's why I wanted to know if only dedicated lightning rod installers did this sort of work.
by plnelson
Tue Jun 18, 2013 9:44 pm
 
Forum: Personal Consumer Issues
Topic: Installing lightning rods - who, how much?
Replies: 19
Views: 1200

Installing lightning rods - who, how much?

Recently a house in the town next to mine suffered severe damage from a fire resulting from a lightning strike. I've always worried about this because my house is on the very top of the 2nd highest hill in my town in Massachusetts. So I've looked in the yellow pages and I can't find anything about i...
by plnelson
Tue Jun 18, 2013 9:09 pm
 
Forum: Personal Consumer Issues
Topic: Installing lightning rods - who, how much?
Replies: 19
Views: 1200

Re: Guaranteed to Need Repair in 3-5 Years

I think the salesman was just trying to sell you on an extended warranty. Any company with that sort of planned obsolescence would quickly develop a bad rep for quality and would be crushed in the marketplace. My (EnergyStar-rated) Kenmore refrigerator was bought in 1998 and has never needed any ser...
by plnelson
Tue Jun 18, 2013 5:48 pm
 
Forum: Personal Consumer Issues
Topic: Guaranteed to Need Repair in 3-5 Years
Replies: 31
Views: 2896

Re:

They are more fun. They are more comfortable. They demonstrate how much money one can spend. (Google up "costly signal.") I really don't think fun or status have much to do with it for sensible people, but there are still sensible reasons to buy the higher trim levels or more expensive mo...
by plnelson
Mon Jun 17, 2013 9:53 pm
 
Forum: Personal Consumer Issues
Topic: Why buy expensive cars
Replies: 271
Views: 25755

Re: Buying New Glasses; Looking for Suggestions on What to B

I'm in the same situation as you. I was using Varilux Panamic, which had better peripheral vision than other designs I tried (Essilor and Varilux are divisions of the same company) but my prescription has changed and Varilux has discontinued the Panamic line. I tried their Physio Enhanced but it was...
by plnelson
Mon Jun 17, 2013 9:34 pm
 
Forum: Personal Consumer Issues
Topic: Buying New Glasses; Looking for Suggestions on What to Buy
Replies: 20
Views: 3074

Re: Basis of homeowner's insurance cost?

But to get back to my original question, are you (all) saying that insurance pricing is less "rational" than other businesses? That is, in most businesses comparable things cost comparable amounts of money, simply because any really big disparities would be wiped out by the market - consum...
by plnelson
Tue Jun 04, 2013 9:46 pm
 
Forum: Personal Consumer Issues
Topic: Basis of homeowner's insurance cost?
Replies: 8
Views: 738

Re: Getting rid of rats while keeping a birdfeeder

"Secondary poisoning" is when an animal eats a rat that has been poisoned. When a dog or cat that weights at least a couple of pounds eats a dead rat that weighs a couple of ounces, the will usually not get a large enough dose of the rat poison to cause major problems because they will ha...
by plnelson
Mon Jun 03, 2013 9:28 pm
 
Forum: Personal Consumer Issues
Topic: Getting rid of rats while keeping a birdfeeder
Replies: 31
Views: 1948

Re: Getting rid of rats while keeping a birdfeeder

DO NOT use poison. The poisoned rat maybe eaten by hawks, eagles and other wild life. May be spray some sort of predator's urine to deter the rat? While I agree that poison risks other predators, "predator urine" is a fraud. That stuff is sold at every Walmart, Agway and garden supply sto...
by plnelson
Mon Jun 03, 2013 9:16 pm
 
Forum: Personal Consumer Issues
Topic: Getting rid of rats while keeping a birdfeeder
Replies: 31
Views: 1948

Re: Does anyone own a Hyundai?

Most of Hyundai's facilities are within artillery or surface-to-surface missile range of their crazy neighbors to the north. Since I buy cars for a minimum of 10 years that would make me nervous regarding spare parts and general support and market value for Korean cars.
by plnelson
Mon Jun 03, 2013 9:05 pm
 
Forum: Personal Consumer Issues
Topic: Does anyone own a Hyundai?
Replies: 71
Views: 6490

Re: Returning used items to the store [POLL]

The question is poorly worded. It's not clear whether by "used" you mean "used satisfactorily". I've certainly returned products that I've used and found to be defective, unsatisfactory, not fit for purpose, not living up the the advertising, etc. When I do that I give them quite...
by plnelson
Mon Jun 03, 2013 9:01 pm
 
Forum: Personal Consumer Issues
Topic: Returning used items to the store [POLL]
Replies: 50
Views: 2343

Basis of homeowner's insurance cost?

My homeowner's insurance company, Bunker Hill Insurance, has been relentlessly raising my premiums for years. Between 2008 and now they've gone from about $1300/yr to $2300/yr. There's been no change in coverage; I don't live in a flood zone, inflation during that period has been low and house price...
by plnelson
Mon Jun 03, 2013 8:52 pm
 
Forum: Personal Consumer Issues
Topic: Basis of homeowner's insurance cost?
Replies: 8
Views: 738

Re: Anyone still waiting for a market dip before investing?

Anyone still waiting for a market dip before investing? Well sure, in the sense that no one will be rebalancing INTO a market that's this high. With the market this high the stock portion of my (and I assume everyone here's) portfolio must be at or near the top of its percentage range of our asset ...
by plnelson
Tue May 07, 2013 8:31 pm
 
Forum: Investing - Theory, News & General
Topic: Anyone still waiting for a market dip before investing?
Replies: 41
Views: 3877

Re: Google Invests $125 Million in Lending Club

But isn't saying that " the returns stated by Lending Club are too optimistic" equivalent to saying that they are lying to the investment community (i.e., us)? Why should anyone invest a penny in a company that's not committed to honest bookkeeping? The Allan Roth article says, "Acco...
by plnelson
Tue May 07, 2013 8:24 pm
 
Forum: Investing - Theory, News & General
Topic: Google Invests $125 Million in Lending Club
Replies: 68
Views: 6196

Re: Does your home have solar panels?

You need to be clearer what you mean by solar panels. These days a common product is PV panels which provide electricity to the utility and in return you get a reduction in your utility rate. BUT you're still getting your electricity from the utility, not from your solar panels. The alternative is t...
by plnelson
Sat May 04, 2013 7:10 pm
 
Forum: Personal Consumer Issues
Topic: Does your home have solar panels?
Replies: 77
Views: 5043

Re: My Take on Gold

technovelist wrote:It's great to see so much gold bashing on a forum devoted to investment analysis! That means we aren't anywhere near being in a gold bubble.


Why do you say that? We were bashing it just as much when it was $1920/oz. Are you saying that wasn't a bubble?
by plnelson
Sat May 04, 2013 6:55 pm
 
Forum: Investing - Theory, News & General
Topic: My Take on Gold
Replies: 213
Views: 17113

Re: My Take on Gold

Gold is really like buying a foreign currency to a country that is guarenteed to have no inflation or interest and therefore maintains price-parity from year to year. I call it goldland. Matt Bouchard No it isn't. Why do you say that? The price of gold in actual purchasing power parity terms jumps ...
by plnelson
Sat May 04, 2013 6:51 pm
 
Forum: Investing - Theory, News & General
Topic: My Take on Gold
Replies: 213
Views: 17113

Re: Interview on BNN on Sell in May

Sam I Am wrote:At the current low interest rates, even though the stock returns might be lower, they (stocks) will still beat alternatives.


Not if they fall and your alternative was cash.
by plnelson
Sat May 04, 2013 6:43 pm
 
Forum: Investing - Theory, News & General
Topic: Interview on BNN on Sell in May
Replies: 7
Views: 703

Re: Google Invests $125 Million in Lending Club

I wouldn't do it myself. Here's a recent blog from Allan Roth: http://www.cbsnews.com/8301-505123_162-57582124/the-lending-club-a-critical-review/ I wouldn't let Allan's experience turn you off. Yes, the returns stated by Lending Club are too optimistic, but that doesn't mean solid returns aren't a...
by plnelson
Sat May 04, 2013 6:38 pm
 
Forum: Investing - Theory, News & General
Topic: Google Invests $125 Million in Lending Club
Replies: 68
Views: 6196

Re: Discussion forums for older people?

Can't say I know of any myself but whenever I need to track something down I start with a Google search and then weave my way through various websites until I zero in on my exact topic or subject of interest. I have to believe you'd find a lot in your category. Good luck. SCB Just out of curiosity ...
by plnelson
Thu Apr 25, 2013 8:30 pm
 
Forum: Personal Consumer Issues
Topic: Discussion forums for older people?
Replies: 14
Views: 1903

Discussion forums for older people?

Awhile back I posted a question about selecting a home medical alert system on this forum. It was just a shot in the dark because I've been amazed at the breadth of knowledge I've seen here. No surprise I didn't get a lot of info. But the other day I decided to post the same question to the AARP's d...
by plnelson
Thu Apr 25, 2013 8:15 pm
 
Forum: Personal Consumer Issues
Topic: Discussion forums for older people?
Replies: 14
Views: 1903

Re: CC autopay (debit) vs bank bill pay

How do you guys pay your credit card bills? There are two ways to automatically pay it: 1) through your bank's bill pay system, and 2) through the credit card provider's automatic debit service. The second is more work to set up but gives the peace of mind that less is likely to go wrong. The first...
by plnelson
Wed Apr 24, 2013 10:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: CC autopay (debit) vs bank bill pay
Replies: 44
Views: 2063

Re: Where to put an emergency fund?

A roth (up to max), a money market, or both. I'm already Roth'ed to the max with my retirement money. My retirement money is strictly for retirement - I think it's a big mistake for people to start dipping into retirement assets for emergencies - that's what emergency funds are for. I also don't se...
by plnelson
Wed Apr 24, 2013 10:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Where to put an emergency fund?
Replies: 9
Views: 1188

Re: Where to put an emergency fund?

We could talk about what investment you would put these into, but have you considered what container? Do you have anything that would meet your needs in a 401K available - like a stable value fund? My 401(k)'s and IRA's are for retirement, not for emergency money. Of course I put the maximum the la...
by plnelson
Wed Apr 24, 2013 9:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Where to put an emergency fund?
Replies: 9
Views: 1188

Where to put an emergency fund?

Last time I was unemployed (2007-2010) it last three years. Now I have a good well-paying job which I love but I'm also 60 years old, meaning that it won't be easy to find a new job if the economy tanks again. So even though the usual guidelines suggest a year of living expenses, my experience sugge...
by plnelson
Tue Apr 23, 2013 9:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Where to put an emergency fund?
Replies: 9
Views: 1188

Re: Any experience with Sonos sound system?

Hi All - We are moving house soon and I'm considering outfitting the new place with a Sonos system based on some recommendations of friends. The idea would be to hook it up to our Macs and be able to play music around the house directly from iTunes instead of breaking out the CDs. Does anyone have ...
by plnelson
Sun Apr 21, 2013 7:57 pm
 
Forum: Personal Consumer Issues
Topic: Any experience with Sonos sound system?
Replies: 24
Views: 2939

Re: Bubble talk subside

Cut-Throat wrote:
So, you believe that CD prices are probably in a 'Bubble' Also?


Few people buy CD mutual funds. The bond price bubble will clobber owners of bond mutual funds , not owners of bonds.
by plnelson
Sun Apr 21, 2013 7:30 pm
 
Forum: Investing - Theory, News & General
Topic: Bond Market Bubble Talk Subsides
Replies: 50
Views: 3833

Re: Living with Less. A Lot Less (NYTimes Article)

I dunno. I live in a 2400 ft^2 contemporary on 1.5 acres. I live alone since my wife died last year. I like it. The downstairs is all open-concept so I can do some great entertaining. Studio photography is a hobby of mine and I've done lots of great photoshoots here. ( http://pnart.com/ ). Cost-of-l...
by plnelson
Tue Apr 16, 2013 9:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Living with Less. A Lot Less (NYTimes Article)
Replies: 74
Views: 9963

Re: Feeling like one of those 500 point market drop days soo

Jfet wrote:Soon being this month? Considering the market is already down 167 points today, 500 points isn't much of a stretch or premonition.


What market do you mean? When I say "the market" I mean the S&P500 - a 500 point drop in the S&P500 would be over 30%!
by plnelson
Tue Apr 16, 2013 3:36 pm
 
Forum: Investing - Theory, News & General
Topic: Feeling like one of those 500 point market drop days soon
Replies: 31
Views: 4633

Re: A nice talk about gold in ones portfolio

Investing is boring wrote:
plnelson wrote: Gold hasn't changed its value. It's cars and houses and food and tickets to sports events (et cetera) that have changed their value.


I do believe we are approaching the start of the denial phase as the mania is fading and the damaged try to rationalize.


You left out the last line in my post.
by plnelson
Tue Apr 16, 2013 3:30 pm
 
Forum: Investing - Theory, News & General
Topic: A nice talk about gold in ones portfolio
Replies: 103
Views: 6371

Re: A nice talk about gold in ones portfolio

The real value of gold, imo, isn't that it hedges inflation or stores value (it does, but is way too volatile). The real value is that it operates like a fear index every time we have a crisis. But that's not an argument for owning it - it's just an argument for using it as a signal, like the VIX.
by plnelson
Tue Apr 16, 2013 2:08 pm
 
Forum: Investing - Theory, News & General
Topic: A nice talk about gold in ones portfolio
Replies: 103
Views: 6371

Re: A nice talk about gold in ones portfolio

I'm curious about the definition of speculation. Does it mean you have no reason at all to believe it will go up in value? Well, what is your definition of value? I'd argue that gold is never supposed to change in value. It will maintain the same purchasing power today as it would 20 or 30 years fr...
by plnelson
Tue Apr 16, 2013 2:05 pm
 
Forum: Investing - Theory, News & General
Topic: A nice talk about gold in ones portfolio
Replies: 103
Views: 6371

Re: A nice talk about gold in ones portfolio

It seems when stocks are down Bogleheads tend to post that they are now going to buy stocks. "Hurray! Stocks are on sale. I'm buying" They almost seem happy stocks are down. So now that the gold prices are down - why is there not a consensus that it's time to buy? I don't see a lot of pos...
by plnelson
Tue Apr 16, 2013 1:57 pm
 
Forum: Investing - Theory, News & General
Topic: A nice talk about gold in ones portfolio
Replies: 103
Views: 6371

Re: A nice talk about gold in ones portfolio

It seems when stocks are down Bogleheads tend to post that they are now going to buy stocks. "Hurray! Stocks are on sale. I'm buying" They almost seem happy stocks are down. So now that the gold prices are down - why is there not a consensus that it's time to buy? I don't see a lot of pos...
by plnelson
Tue Apr 16, 2013 1:49 pm
 
Forum: Investing - Theory, News & General
Topic: A nice talk about gold in ones portfolio
Replies: 103
Views: 6371
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