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Re: talk me out of it - investing in oil

this thread has been wonderful - i am certainly not doing what i initially said i would. i still have some interest in investing in the oil industry but i've been thoroughly talked out of uso. i have some cash i should invest in something, might go with broad market funds.
by rasputin
Mon Feb 09, 2015 6:59 am
 
Forum: Investing - Theory, News & General
Topic: talk me out of it - investing in oil
Replies: 50
Views: 4927

Re: talk me out of it - investing in oil

Gas prices are going back up. http://www.csmonitor.com/Environment/Energy-Voices/2015/0206/Should-you-be-panicking-about-the-rising-gas-prices-video I'm more concerned with when global demand will pick up, rather than pump prices which can fluctuate for an entirely unrelated set of reasons.
by rasputin
Sun Feb 08, 2015 10:23 pm
 
Forum: Investing - Theory, News & General
Topic: talk me out of it - investing in oil
Replies: 50
Views: 4927

Re: talk me out of it - investing in oil

Do you understand what happened? Can you explain in your own words, why people who invested in USO in 2009 watched the price of oil climb, just as they predicted , but did not get the rewards in USO they expected to get? Hint: mango, Durango, fandango... good point. i have no idea. do you know?
by rasputin
Sun Feb 08, 2015 10:21 pm
 
Forum: Investing - Theory, News & General
Topic: talk me out of it - investing in oil
Replies: 50
Views: 4927

talk me out of it - investing in oil

I'm tempted to buy into the oil industry since the value has dipped very quickly. thinking about USO - https://www.google.com/finance?cid=705740 i'm maxing out my retirement accounts. this would be a small wager (in my taxable investments) on the market that i'd expect to maintain for up to five yea...
by rasputin
Sun Feb 08, 2015 10:03 pm
 
Forum: Investing - Theory, News & General
Topic: talk me out of it - investing in oil
Replies: 50
Views: 4927

Re: High Home Price-to-Income ratios - unhealthy?

Bed-Stuy. Transit isn't the best but i'm usually on my bike. Seems like a neighborhood a couple of years before serious gentrification. On the other side, brooklyn is a big place and it can't all become Williamsburg. (which i just recently left after 10 years - getting too expensive, don't care for ...
by rasputin
Wed Dec 31, 2014 2:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: High Home Price-to-Income ratios - unhealthy?
Replies: 46
Views: 4944

Re: High Home Price-to-Income ratios - unhealthy?

I expect that in NYC, a lot of households are making this calculations. You can get progressively risky, and with NCC_4, you might discover that if you are paying a $5,000 a month rent, all of a sudden, you can afford a $1MM property. I need to take a closer look at the numbers but we're currently ...
by rasputin
Wed Dec 31, 2014 2:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: High Home Price-to-Income ratios - unhealthy?
Replies: 46
Views: 4944

High Home Price-to-Income ratios - unhealthy?

Unfortunately I live in an area with a hot real estate market - Brooklyn. Buying is expensive, particularly if you hope to raise a family and have room for one. Where does the money come from? I found this article - http://www.forbes.com/sites/zillow/2013/04/16/high-home-price-to-income-ratios-hidin...
by rasputin
Tue Dec 30, 2014 4:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: High Home Price-to-Income ratios - unhealthy?
Replies: 46
Views: 4944

Re: Advice on purchasing renters insurance?

I don't own a car - no auto insurance. No, I don't have an inventory of high value items - I'll need to create one. No large dog either. I'm really not sure why kind of liability risks i'm exposed to. I do a lot of cycling, does that count for anything? (commuting, long rides through the city....oh,...
by rasputin
Sun Aug 17, 2014 2:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advice on purchasing renters insurance?
Replies: 4
Views: 437

Advice on purchasing renters insurance?

I'm going through the process of buying renters insurance. I want to know exactly what I'm getting and what I should ask about. Right now State Farm has my attention because they offer $100k liability / $25k property for $125/year. But obviously I need to dig beneath the surface. Things I need to co...
by rasputin
Sun Aug 17, 2014 12:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advice on purchasing renters insurance?
Replies: 4
Views: 437

Re: How much house should I buy? (young person with many ass

don't buy a house until you're certain that its exactly what you'll want for seven years. a lot of people buy and move in less time than that and have no idea how much its costing them.
by rasputin
Fri May 23, 2014 12:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: How much house should I buy? (young person with many assets)
Replies: 71
Views: 5915

Re: Retiring into the poor house in 13 yrs?

pay for your retirement before paying for your son/daughter's education. i think most students would rather pay for their own education than to see their parents enter their retirement years without proper savings.

also (sadly) a college degree isn't worth what it used to be.
by rasputin
Thu May 22, 2014 4:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retiring into the poor house in 13 yrs?
Replies: 110
Views: 10310

Re: placing investments in Roth vs traditional accounts

thanks for all the help on this. my portfolio is a lot more solid now.
by rasputin
Thu May 22, 2014 8:20 am
 
Forum: Investing - Help with Personal Investments
Topic: placing investments in Roth vs traditional accounts
Replies: 27
Views: 2393

Re: placing investments in Roth vs traditional accounts

Heading back to the original question, please consider this: The riskiest investments are expected to drop the most and potentially lose the most money. Do you want assets that lose the most to be in your Roth IRA? I suspect that for many people the answer is "no", however I'm very confid...
by rasputin
Wed May 21, 2014 8:08 am
 
Forum: Investing - Help with Personal Investments
Topic: placing investments in Roth vs traditional accounts
Replies: 27
Views: 2393

Re: placing investments in Roth vs traditional accounts

Bob's not my name wrote:My marginal tax rate is almost 50%. If I give half of my emergency fund to the government will they give it back to me when I have an emergency?


I have no idea what you're getting at.
by rasputin
Wed May 21, 2014 7:44 am
 
Forum: Investing - Help with Personal Investments
Topic: placing investments in Roth vs traditional accounts
Replies: 27
Views: 2393

Re: placing investments in Roth vs traditional accounts

I have an emergency fund of 3 months cash plus another 5 months in federal tax free bonds which resides in my taxable vanguard account.

seems best to me not to rely on IRA/401k for emergency funds.
by rasputin
Wed May 21, 2014 6:59 am
 
Forum: Investing - Help with Personal Investments
Topic: placing investments in Roth vs traditional accounts
Replies: 27
Views: 2393

Re: Convincing an employer to offer after-tax 403b and more.

this is like any other change in an organization - you need to find the political leverage to make the thing happen.

unfortunately you're unlikely to because the people you need to win over most likely won't understand this.

good luck.
by rasputin
Tue May 20, 2014 10:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convincing an employer to offer after-tax 403b and more...
Replies: 32
Views: 1406

placing investments in Roth vs traditional accounts

an idea i'd like some feedback on - there's a lot of talk here about portfolio allocation, stock vs. bonds, etc. however, i haven't seen much about what should be placed in Roth vs. traditional accounts. roth gets taxed on the way in but not the way out. seems that "high growth" (stocks) w...
by rasputin
Tue May 20, 2014 10:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: placing investments in Roth vs traditional accounts
Replies: 27
Views: 2393

Re: Seeking portfolio advice, trying to keep it simple

nedsaid wrote:Maybe 50% in a federal tax free fund and 50% in a double federal and state tax free fund.


Any particular reason why i should invest in two funds instead of one?
by rasputin
Sun Dec 29, 2013 1:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Seeking portfolio advice, trying to keep it simple
Replies: 10
Views: 952

Re: Seeking portfolio advice, trying to keep it simple

placeholder wrote:Go back over the sticky again as you have not supplied the necessary info.


What am I missing? As far as I can tell i got everything.
by rasputin
Fri Dec 27, 2013 3:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Seeking portfolio advice, trying to keep it simple
Replies: 10
Views: 952

Re: Seeking portfolio advice, trying to keep it simple

*polite bump after supplying necessary info*
by rasputin
Thu Dec 26, 2013 8:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Seeking portfolio advice, trying to keep it simple
Replies: 10
Views: 952

Seeking portfolio advice, trying to keep it simple

I'm 34, earn $125k/year and max my 401k (w/$5k employer match) and IRA. and try to put away a bit more than that. I'm willing to take on a bit more risk than typical for my age. I'm looking at an 80/20 stock/bonds split. stocks as - 60% US stock market (vanguard total stock market) 30% international...
by rasputin
Thu Dec 26, 2013 12:39 am
 
Forum: Investing - Help with Personal Investments
Topic: Seeking portfolio advice, trying to keep it simple
Replies: 10
Views: 952

Re: switched jobs but not coemployers - 401k rollover denied

I was previously working at company X which used Trinet with a 401k administered by transamerica. Now I'm working at company Y which uses Trinet and has a 401k with The Online 401k. I've been told that since Trinet is considered the employer of record as far as the IRS is concerned I still have the ...
by rasputin
Thu Jan 10, 2013 7:59 am
 
Forum: Investing - Help with Personal Investments
Topic: switched jobs but not coemployers - 401k rollover denied!
Replies: 33
Views: 3561

Re: switched jobs but not coemployers - 401k rollover denied

Each company had different 401k plans even though its the same coemployer.
by rasputin
Wed Jan 09, 2013 11:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: switched jobs but not coemployers - 401k rollover denied!
Replies: 33
Views: 3561

switched jobs but not coemployers - 401k rollover denied!

I left my job, had two weeks off and started a new job. I want to rollover my 401k from my previous job but i'm told that i can't because both companies use the same coemployer. I'm told that as far as the IRS is concerned, I have the same job.

Is there anything that can be done about this BS?
by rasputin
Wed Jan 09, 2013 11:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: switched jobs but not coemployers - 401k rollover denied!
Replies: 33
Views: 3561

Student Loans - Pay As You Earn

I'm interested in the Pay As You Earn Program to repay my grad school loans. I contacted my loan servicer, Great Lakes, and was given the following information which i'd like to verify - - The Pay As You Earn program is currently on hold and they're not sure when it will be active. - You can apply f...
by rasputin
Mon Nov 12, 2012 10:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Student Loans - Pay As You Earn
Replies: 10
Views: 1483

Re: low earnings and traditional 401k - does it make sense?

I have to take it a little bit at a time... glad you and the girlfriend are still together. I was hoping and maybe you can encourage, her to take an interest in these matters for her own self preservation. I know from past experience that girlfriends and wives eventually end up without me. :happy :h...
by rasputin
Tue Sep 04, 2012 9:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: low earnings and traditional 401k - does it make sense?
Replies: 15
Views: 1432

Re: low earnings and traditional 401k - does it make sense?

Employer match? I thought that was a myth like bigfoot!

she doesn't have a rainy day fund (although I'm good for it) so perhaps it would be best to do Roth IRA + rainy day fund.
by rasputin
Tue Sep 04, 2012 3:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: low earnings and traditional 401k - does it make sense?
Replies: 15
Views: 1432

Re: low earnings and traditional 401k - does it make sense?

the assumption is that her tax rate will be significantly higher. this year will be 0-10%. retirement would be around 25%.
by rasputin
Tue Sep 04, 2012 12:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: low earnings and traditional 401k - does it make sense?
Replies: 15
Views: 1432

low earnings and traditional 401k - does it make sense?

i'm helping my girlfriend get on solid financial footing after grad school. since she's only working the last couple of months of the year, her earnings will approximately match what she's allowed to put into her 401k. Her income will be about $17k - as far as i can tell, she'll be paying little to ...
by rasputin
Tue Sep 04, 2012 11:43 am
 
Forum: Personal Finance (Not Investing)
Topic: low earnings and traditional 401k - does it make sense?
Replies: 15
Views: 1432

Re: Student Loan Repayment Question

overpay as much as possible on the highest interest loans. work your way down to the lowest. this approach my recoup the $400 you'd save through consolidation. since you pay off the higher interest loans before the lower interest loans its as though the interest rate is lowering through the life of ...
by rasputin
Sun Sep 02, 2012 10:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Student Loan Repayment Question
Replies: 13
Views: 1696

Re: modeling student loan repayment

There's no particular reason to believe that she's going to have (rather significant) increases in salary. She's an architect and she'll be one step below the owners of the firm. IBR doesn't have an eligibility cut off income-wise, but past a certain point its no longer beneficial. (I've calculated ...
by rasputin
Sun Sep 02, 2012 10:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: modeling student loan repayment
Replies: 7
Views: 872

Re: can Roth 401k + IRA exceed income?

Big thanks for all the help!
by rasputin
Sun Sep 02, 2012 7:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: can Roth 401k + IRA exceed income?
Replies: 17
Views: 2008

Re: can Roth 401k + IRA exceed income?

I'm pretty sure the OP's question is, if someone earns 17k, and put it all in a Roth 401(k), can they then put an unearned $5,000 in an IRA. The answer to that is no, of course. This doesn't appear to be an "of course" sort of thing - as far as I'm concerned, little is. Can you point wher...
by rasputin
Sun Sep 02, 2012 6:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: can Roth 401k + IRA exceed income?
Replies: 17
Views: 2008

can Roth 401k + IRA exceed income?

you need earned income to be eligible to put money into an IRA. If you earn 17k and put it into a Roth 401k, are you still eligible to put $5k into an IRA?
by rasputin
Sun Sep 02, 2012 12:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: can Roth 401k + IRA exceed income?
Replies: 17
Views: 2008

Re: modeling student loan repayment

I've made this much more complex than it needs to be.

the calculator at finaid.org takes this into account - http://www.finaid.org/calculators/ibr.phtml
by rasputin
Sun Sep 02, 2012 12:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: modeling student loan repayment
Replies: 7
Views: 872

Re: modeling student loan repayment

>>Does your gf's undergrad loans disqualify her from the 20 year repayment period?

thanks for pointing that out. I could check into it but i think it will be a couple more weeks before the 20 year repayment terms are finalized.

for now, lets assume not.
by rasputin
Sun Sep 02, 2012 12:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: modeling student loan repayment
Replies: 7
Views: 872

modeling student loan repayment

My girlfriend recently got a job making $78k and I'm helping her calculate the best way to pay off her student loans. For most debt it would be very simple - pay as much as soon as possible. But there's a repayment option that complicates things - Income Based Repayment. I calculate that on her appr...
by rasputin
Sun Sep 02, 2012 8:17 am
 
Forum: Personal Finance (Not Investing)
Topic: modeling student loan repayment
Replies: 7
Views: 872

Re: Helping with student loans

While the loan is unpleasant, she shouldn't have trouble paying it off if she can put that degree to use.

Its best to leave it on her shoulders despite the ugly interest rate.
by rasputin
Mon Aug 20, 2012 6:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Helping with student loans
Replies: 26
Views: 3092

Re: Helping with student loans

What is she studying? What are her employment prospects afterwards?
by rasputin
Mon Aug 20, 2012 4:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Helping with student loans
Replies: 26
Views: 3092

Re: home phone service - 911

Your cell phones are perfectly capable of dialing 911. The primary difference is that the dispatcher will know the general area you're in rather than the exact address. considering that your primary concern is for your son's peanut allergy, this shouldn't slow down 911 at all since you only need a s...
by rasputin
Sun Aug 19, 2012 8:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: home phone service - 911
Replies: 8
Views: 2055

Re: Financial plans, girlfriend just out of grad school

Also, I understand you may not like the stark responses. They're not really stark but unsolicited. I did not come here asking approval for the situation but how best to execute within it. It is reasonable to gently voice these concerns but once pushed aside simply relent. I'm not a financial automa...
by rasputin
Sun Aug 19, 2012 2:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Financial plans, girlfriend just out of grad school
Replies: 34
Views: 4951

Re: Financial plans, girlfriend just out of grad school

There is a growing theme in this thread - can't trust 'em until you get 'em to the altar!
by rasputin
Sun Aug 19, 2012 9:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Financial plans, girlfriend just out of grad school
Replies: 34
Views: 4951

Re: Financial plans, girlfriend just out of grad school

ug, its nearly impossible to ask advice around here without getting a life decision critique instead. sure, the financial picture would be rosier if she already had retirement savings, didn't have student loan debt, and had a high paying job but i forgot to run a credit check before we started datin...
by rasputin
Sun Aug 19, 2012 8:02 am
 
Forum: Personal Finance (Not Investing)
Topic: Financial plans, girlfriend just out of grad school
Replies: 34
Views: 4951

Re: Financial plans, girlfriend just out of grad school

Muchtolearn wrote:I didn't know about this loan forgiveness. Who gave the loan and who pays the forgiven part??


This is a program for federal student loans. The feds pay the forgiven part. More info here - http://www.finaid.org/loans/ibr.phtml
by rasputin
Sat Aug 18, 2012 8:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Financial plans, girlfriend just out of grad school
Replies: 34
Views: 4951

Re: Can we afford this? Buying home

I'm not sure why the OP needs this sort of treatment. If he says his pension is solid, then its solid.

It certainly sounds like you can afford the new place. You might need some advice on becoming a landlord.
by rasputin
Sat Aug 18, 2012 7:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can we afford this? Buying home
Replies: 20
Views: 4160

Re: choosing new health insurance

thats very little information to go on. healthcare packages are very complex.

also, your best option will depend upon your health and risk tolerance.
by rasputin
Sat Aug 18, 2012 7:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: choosing new health insurance
Replies: 18
Views: 2378

Re: Financial plans, girlfriend just out of grad school

That IBR calculator is rather pessimistic. She is likely to be responsible to pay 10% of her income over the poverty line rather than 10%. Its also likely her loans would be forgiven in 20 years rather than 25. Unfortunately we won't be certain for a month or two - http://www.bogleheads.org/forum/vi...
by rasputin
Sat Aug 18, 2012 6:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Financial plans, girlfriend just out of grad school
Replies: 34
Views: 4951

Re: Financial plans, girlfriend just out of grad school

The IBR may not work out quite as well as you think if her income increases from year to year (I suspect that she hopes that it would). If she were to marry and file jointly, the combined income would be used to determine the payment. Filing married separate would help this but hurt in other ways. ...
by rasputin
Sat Aug 18, 2012 5:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Financial plans, girlfriend just out of grad school
Replies: 34
Views: 4951

Re: Financial plans, girlfriend just out of grad school

she has some older private student loans at 4%. ($9k?) The newer loans for grad school are at 6-7% BUT with income based repayment (IBR) she'll pay approximately $120k for her 135k loans. In other words, paying off her private loans may make sense but certainly not her grad school loans. We could al...
by rasputin
Sat Aug 18, 2012 3:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Financial plans, girlfriend just out of grad school
Replies: 34
Views: 4951

Financial plans, girlfriend just out of grad school

My girlfriend graduated from grad school in May and is currently in negotiations for a new job. (yay!) She has very large student loans ($135k!) which will be made manageable through Income Based Repayment. She'll be making approximately $75k/yr. Otherwise she has no savings or retirement. She's 35....
by rasputin
Sat Aug 18, 2012 3:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Financial plans, girlfriend just out of grad school
Replies: 34
Views: 4951
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