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Re: Using an advisor for fudiciary guidance

<snip>Participants need help establishing real goals, determining savings rates and building portfolios. Without the help and support of an advisor most plan participants are clueless. As are most so called advisors.... The issue to me is that this argument lets the wolves in the door even more tha...
by rob
Thu Aug 21, 2014 2:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Using [a 401(k)] advisor for fiduciary guidance
Replies: 25
Views: 1511

Re: Renting forever: financial suicide?

Don't underestimate how much of a money pit some houses are...... I wished I was renting the last decade in hind sight instead of the HUGE costs - new roof, water damage, basment issues, plumbing issues, new oil burner, air con, hot water, dishwasher, carpet, paint inside and outside and on and on. ...
by rob
Mon Aug 11, 2014 7:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Renting forever: financial suicide?
Replies: 90
Views: 9435

Re: Thanks Bogleheads

dickenjb wrote:Sounds like the old IDS renamed American Express Financial Advisors now named Ameriprise.

New names every so often but selling the same old, same old.

It was indeed IDS......
by rob
Fri Aug 01, 2014 1:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Thanks Bogleheads
Replies: 8
Views: 992

Thanks Bogleheads

I was cleaning up recently and tripped over a "financial plan" I had done with American Express in the mid 90's - I paid $400 at the time, cause the receipt was still tucked into the folder. I never pulled the trigger on it because there was something I could never put my finger on that I ...
by rob
Fri Aug 01, 2014 11:38 am
 
Forum: Personal Finance (Not Investing)
Topic: Thanks Bogleheads
Replies: 8
Views: 992

Upcoming Redundancy - What to do ahead of time?

Say one was to have a redundancy coming up but no official offer on the table..... What financial things would you consider to setup in advance? I'm thinking of maybe a HELOC (have >75% equity and no loans other than mortgage)..... and I have some other thoughts BUT wanted to get the wisdom of the a...
by rob
Thu Jul 31, 2014 4:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Upcoming Redundancy - What to do ahead of time?
Replies: 3
Views: 594

Re: Home Appraisal

Last appraisal I paid for they never bothered to look insode... they drove past and took a picture of the cars in the driveway - could not see the house. Great value for couple of hundred buck (sarcasm in case you cannot tell).
by rob
Wed Jul 30, 2014 9:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Home Appraisal
Replies: 20
Views: 1486

Re: Hw many credit cards to own?

Andyrunner wrote:I dont see a need for more.

My main card was deactivated AGAIN recently.... apparantly going 2 states away is considered "fraud" and stopped for "MY" protection... all BS obviously. I would recommend several from different issuers :-)
by rob
Mon Jul 21, 2014 10:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Hw many credit cards to own?
Replies: 108
Views: 6787

Re: Small Cap: Value Index vs Tax Managed blend

I would use a SCV ETF. I would avoid "Tax Managed" funds from Vanguard completely based on the recent experience with TM International - I wish today I didn't own any of the so called TM funds. SCV has a higher "value" loading and if you believe the value loading provides better ...
by rob
Wed Jul 02, 2014 10:58 pm
 
Forum: Investing - Theory, News & General
Topic: Small Cap: Value Index vs Tax Managed blend
Replies: 3
Views: 423

Re: Highly Compensated Employee Definition

Keep in mind the company can use more restrictive terms... I am limited to 10% and can actually contribute LESS to a 401K then someone earning less..... with the IRS limit at 17.5K and the company limit at 10%..... a small rise in my case pushed my contribution limit far lower (think 115K been able ...
by rob
Sat Jun 28, 2014 10:16 am
 
Forum: Personal Finance (Not Investing)
Topic: Highly Compensated Employee Definition
Replies: 19
Views: 1951

Re: It is time to retire when you .......

Meg77 wrote:"you know - play golf and have sex."

This is the best quote here.... You want to stop working before that answer is ONLY golf :D
by rob
Fri Jun 20, 2014 4:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: It is time to retire when you .......
Replies: 104
Views: 9782

Re: It is time to retire when you .......

When: 1. I was enjoying my days at work less than my days not working. 2. When I had enough to retire. That happened several years before I thought it would, mostly because of a deterioration in my work environment. When #1 is true and #2 is false... it just sux :-/ For me it comes down to $$$ at t...
by rob
Fri Jun 20, 2014 12:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: It is time to retire when you .......
Replies: 104
Views: 9782

Re: To stay a Boglehead, I have to leave Bogleheads.org

Good for you that you know what it's going to take you to stay the course..... There are browser plugins that will disable access to certain sites for x periods - so install one and forget about it :D
by rob
Wed Jun 18, 2014 9:54 am
 
Forum: Investing - Theory, News & General
Topic: To stay a Boglehead, I have to leave Bogleheads.org
Replies: 56
Views: 6135

Re:

One large previously unmentioned advantage to the Roth for me personally, is that I know exactly how much money I have for retirement. The number in my account, is the number I have. I dont have to estimate tax costs or anything else. This is why I refuse to buy any funds that have an exit cost lik...
by rob
Tue Jun 17, 2014 10:51 am
 
Forum: Investing - Theory, News & General
Topic: Roth vs Traditional 401K
Replies: 175
Views: 50745

Re: Made the $5 million club, but...

Should I wait a year until I can touch my IRA without penalty before I consider retirement? Should I talk with a financial advisor? Didn't see this covered but anyone can access their IRA without penalty... SEPP as long as your careful can do that and your so close that it should be easy. http://ww...
by rob
Tue Jun 17, 2014 10:33 am
 
Forum: Personal Finance (Not Investing)
Topic: Made the $5 million club, but...
Replies: 43
Views: 7048

Re: Vanguard - How America Saves 2014

Given other research such as that from the center for retirement research at Boston College, you sir are an exception to meaningfully have assets outside your retirement account. For most people this is a good depiction of what they have. Maybe but certainly around here I expect I am closer to the ...
by rob
Tue Jun 17, 2014 10:20 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard - How America Saves 2014
Replies: 16
Views: 3368

Re: [can you] shop at Costco [without a membership?]

My local costco will NOT take visa/mastercard.... I just use an amex card (not theirs as I never bothered getting one). Could it be different by location??
by rob
Tue Jun 17, 2014 10:07 am
 
Forum: Personal Consumer Issues
Topic: [can you] shop at Costco [without a membership?]
Replies: 68
Views: 5087

Re: Vanguard - How America Saves 2014

Meh.... I'm sure my 401K plan looks strange taken out of context (right now it's all stable value). My current 401K is a small part of my retirement savings.... so it says nothing about what is happening. I guess I'm missing what can be drawn from these types of analysis given a slice of the real si...
by rob
Tue Jun 17, 2014 9:47 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard - How America Saves 2014
Replies: 16
Views: 3368

Re: Expense Ratio - what's too high?

Depends on type... If it's an S&P500 idx or alike better be < .1 but if it's - say - an international small cap value or something I would accept far higher expenses..... A lot here might disagree ; on holding such a fund at any price :D or the "max" they would be willing to pay.
by rob
Mon Jun 16, 2014 4:36 pm
 
Forum: Investing - Theory, News & General
Topic: Expense Ratio - what's too high?
Replies: 33
Views: 2832

Re: Bringing Money to Australia - moving help!

mlipps wrote:It's very easy to set up an Australian bank account as a foreigner, you just need a tax ID number.

Not really... You need the 100 point id check (http://en.wikipedia.org/wiki/100_point_check) but a TFN is not required if your ok with max withholding.
by rob
Mon Jun 16, 2014 4:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bringing Money to Australia - moving help!
Replies: 14
Views: 638

Re: Should we or shouldn't we make a move at this age?

I admittedly have no experience in this area, but a 650k house on a 100k combined income just seems awfully extravagant. I disagree but we are likely in different locations...... 650K is hardly a mansion around here. Tough change for same area and no other change.... It would depend on other saving...
by rob
Mon Jun 16, 2014 4:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should we or shouldn't we make a move at this age?
Replies: 37
Views: 2896

Re: Bringing Money to Australia - moving help!

I'd contact Chase Bank in Australia and see if they can do EFT (electronic fund transfers) with a US bank. I've banked with some pretty small US banks and they can all do EFT money transfers. I'm sure you'll pay some hefty fees but if you move a large enough chunk of money each time you can keep th...
by rob
Mon Jun 16, 2014 3:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bringing Money to Australia - moving help!
Replies: 14
Views: 638

Re: Bringing Money to Australia - moving help!

I have done this a bit between those countries....... Bank transfers are pretty easy (I can do it online from my Oz bank, although manual from the US side). The intermediate bank (seems to always be one on the US side) takes a cut and you generally pay crappy rates on the side that does the conversi...
by rob
Mon Jun 16, 2014 3:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bringing Money to Australia - moving help!
Replies: 14
Views: 638

Re: Time to Sell Index Funds While Market Is High?

I follow the three fund portfolio recommended by Bogle <snip> I am wondering if it is time to sell <snip> Thoughts? I think you might go back to any of his books and read the next few chapters :D If you know when to get in and out than stop using funds as stocks (or options) are a better vehicle fo...
by rob
Thu Jun 12, 2014 6:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Time to Sell Index Funds While Market Is High?
Replies: 37
Views: 3764

Re: PANIC! 101

Meh... I would love to NOT be invested in the market but I have to get the money somehow and short of robbing banks, becoming a real estate flipper (or becoming CEO of something, which is essentially the same thing as robbing a bank).... It's the only viable option. I have the best plan I can work o...
by rob
Wed Jun 11, 2014 11:54 am
 
Forum: Investing - Theory, News & General
Topic: Panic! 101
Replies: 40
Views: 3641

Re: Why US over International?

The U.S. is fairly mature and has establish regulatory process, accounting rules, etc for decades. Yet there are still issues with insider trading, fancy accounting tricks, fraud etc. As, we go abroad, especially to less developed countries I have little clue as to how those countries operate, or t...
by rob
Tue Jun 10, 2014 11:36 am
 
Forum: Investing - Theory, News & General
Topic: Why US over International?
Replies: 15
Views: 1651

Re: How much money has moved from active to passive funds?

No but here is a link to the larges 25 funds http://www.marketwatch.com/tools/mutual-fund/top25largest... The pointy end of the list if index based and must have come from somewhere :-)
by rob
Tue Jun 10, 2014 10:29 am
 
Forum: Personal Finance (Not Investing)
Topic: How much money has moved from active to passive funds?
Replies: 4
Views: 478

Re: Apple looks interesting right now

I dunno.... Do you prefer $20 in your wallet in a single bill, 2x10 or 4x5...... Personally makes no difference to me. I've never understood the game with the price per share.... (I know some of the theories, but Berkshire does not seem to have much of a problem)
by rob
Tue Jun 10, 2014 10:02 am
 
Forum: Investing - Theory, News & General
Topic: Apple looks interesting right now
Replies: 35
Views: 2432

Re: Any "Apps" you like?

I'm curious why there are so many posts about android apps when the OP clearly stated they had purchased iphones? We are just so danged proud of our phones we just wanna tell somebody about them, I guess. :happy (full disclosure: I am an android guy myself and happy about it. Now let me tell you mo...
by rob
Mon Jun 09, 2014 7:17 pm
 
Forum: Personal Consumer Issues
Topic: Any [iPhone] "Apps" you like?
Replies: 50
Views: 4142

Re: Consider Social Security "Zero Risk" Like US Treasuries?

I'm not sure how anyone is supposed to respond without politics.... Best I can do is bonds are an obligation on the issuer, in this case it happens to be the US gov and SS is a political policy of the US government. Those just don't seem equal bets IMO. Edit: Who said that US bonds carry zero risk??...
by rob
Mon Jun 09, 2014 2:51 pm
 
Forum: Investing - Theory, News & General
Topic: Consider Social Security "Zero Risk" Like US Treasuries?
Replies: 14
Views: 686

Re: Customer service - Vanguard vs Fidelity

* Perhaps Vanguard doesn't trust you not to make mistakes on the screen the way I did (for a purchase, but an error is an error), which is why they require the phone call. What would you or they do if you accidentally clicked on the wrong thing at the wrong time? Would you try to change it after th...
by rob
Mon Jun 09, 2014 2:21 pm
 
Forum: Investing - Theory, News & General
Topic: Customer service - Vanguard vs Fidelity
Replies: 93
Views: 9058

Re: I've Got $100K -- Where To Start?

Jack FFR1846 wrote:Does your wife have any earned income? Max her roth, if she does.

A spouse does NOT need earned income to fund their roth as long as there is enough common income.....
by rob
Mon Jun 09, 2014 2:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: I've Got $100K -- Where To Start?
Replies: 39
Views: 4435

Re: Any "Apps" you like?

I use very few finance apps...
- Vanguards is ok
- I use mint for expenses so that app is handy at times
- My local bank is helpful for the depositing of checks (take pic of front/back) and saves a trip to the ATM
- I could care less about stock quotes but... I'm sure there are a zillion of those
by rob
Mon Jun 09, 2014 2:08 pm
 
Forum: Personal Consumer Issues
Topic: Any [iPhone] "Apps" you like?
Replies: 50
Views: 4142

Re: Customer service - Vanguard vs Fidelity

I think I am completely missing your point. Is it really just that you don't like to keep records? Obviously I have records..... In order to correctly (most people don't do this) use specific identification as per the IRS, Vanguard has to record that notification of lots in the txn as part of the s...
by rob
Sun Jun 08, 2014 12:21 am
 
Forum: Investing - Theory, News & General
Topic: Customer service - Vanguard vs Fidelity
Replies: 93
Views: 9058

Re: Customer service - Vanguard vs Fidelity

I wonder why so many people need to call Vanguard or Fidelity so often. I haven't called Vanguard in over 15 years. I do all my transactions on line. Vanguard will not take lot information for uncovered shares (all shares in the past), so your forced to talk to them. That's the bulk of my reason to...
by rob
Sat Jun 07, 2014 11:33 pm
 
Forum: Investing - Theory, News & General
Topic: Customer service - Vanguard vs Fidelity
Replies: 93
Views: 9058

Re: Employee vs Independent for consulting

astrohip wrote:Thanks for the replies. This is not an IRS issue, this is what we decide upon.

There is a lot of industries that pretend that's the case (hey I work in IT and have been there)... BUT it is technically an IRS determination based on a set of requirements.
by rob
Sat Jun 07, 2014 10:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Employee vs Independent for consulting
Replies: 17
Views: 819

Re: RSUs and asset allocation?

The difference with me is that this award was a one time thing and it is tied to an employment contract I signed. So unless I'm fired for cause or quit to stay home with a kid, I WILL be working for this company until the RSUs vest In order to be designated as RSU's they have to have a loss compone...
by rob
Thu Jun 05, 2014 4:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: RSUs and asset allocation?
Replies: 15
Views: 834

Re: RSUs and asset allocation?

The employee tied to company cool-aid is just nonsense IMO..... Companies would be better spending time on creative products over having middle level managers talk about stock prices (I see it way too often). If your stuck with it (this is more of the expected stock ownership or 401K matching only i...
by rob
Thu Jun 05, 2014 2:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: RSUs and asset allocation?
Replies: 15
Views: 834

Re: Which is superior? Slice & Dice or lump sum?

[Thank you. I think I am now leaning towards the simple 3-fund portfolio. I guess all that time I spent reading about small cap value tilting, emerging markets, and slice and dice was a waste of time. It's certainly not a waste of time..... You need to come to your own thinking (rather than some ya...
by rob
Wed Jun 04, 2014 12:30 am
 
Forum: Investing - Theory, News & General
Topic: Which is superior? Slice & Dice or [Total Market]?
Replies: 48
Views: 3798

Re: Which is superior? Slice & Dice or lump sum?

We collectively burn a lot of bits on that topic..... but the answer really is whatever works for you. In the end, it will not matter much. It's dwarfed by other more important topics like saving and not making rash changes as the talking heads blurt on.
by rob
Wed Jun 04, 2014 12:20 am
 
Forum: Investing - Theory, News & General
Topic: Which is superior? Slice & Dice or [Total Market]?
Replies: 48
Views: 3798

Re: Buying a home and cold feet!!

sdjewel wrote: if there is no "financial/tech meltdown" like last decade ,is it safe to assume home price being stable or atleast following curve of inflation?

No... It't NOT safe to "ass-u-me" anything..... It might or might not happen the way you hope.
by rob
Tue Jun 03, 2014 11:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying a home and cold feet!!
Replies: 35
Views: 2262

Re: RSUs and asset allocation?

I ignore them. They're not "mine" until they vest. At that point, I sell and invest per my usual AA. Agree, They only make sense in the allocation if you can rebalance and you cannot.... as this says, they are not even yours until they vest. Options are much harder and I also just ignore ...
by rob
Tue Jun 03, 2014 7:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: RSUs and asset allocation?
Replies: 15
Views: 834

Re: Half Milestone Hit!

Its after that pesky mortgage where I felt the biggest freedom thus far. Unlike a lot here, I still carry a mortgage.... BUT I have to admit that the day I knew I could sell my taxable holdings, pay the tax and the mortgage was a nice feeling.... (Yeah I know the market could drop that same day but...
by rob
Tue Jun 03, 2014 7:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Half Milestone Hit!
Replies: 44
Views: 2575

Re: Thoughts on using Mint.com?

Foe those interested, Here is a copy of the Vanguard wording.... https://personal.vanguard.com/us/help/SecurityOnlineFraudPledgeContent.jsp At a minimum, in order for this protection to apply, you must take the following steps: .... Never share your user name, password, or other account-related info...
by rob
Tue Jun 03, 2014 3:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Thoughts on using Mint.com?
Replies: 36
Views: 2017

Re: Thoughts on using Mint.com?

The assumption that if it is local it is more secure really needs to go away, it is a HUGE security fallacy. The information is ONLY secure if you go out of your way to make it secure, that in part means not using the same password everywhere. Different passwords is irrelevant to this point.... Bot...
by rob
Tue Jun 03, 2014 3:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Thoughts on using Mint.com?
Replies: 36
Views: 2017

Re: Thoughts on using Mint.com?

Security wise it's the same impact as using quicken or other financial tools. Pick a good password and use different passwords for different sites. It's not... You have to provide the id/password for another login so they can get the info..... it's far from having the id/password stored on a local ...
by rob
Tue Jun 03, 2014 3:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Thoughts on using Mint.com?
Replies: 36
Views: 2017

Re: Thoughts on using Mint.com?

It's been meh for me... investments were a waste of time but it's spending reports are decent and save time. As to the ID's - I wish more companies would accept we don't live in the 80's any more.... We need to be able to create one use READ ONLY id's tied to our accounts that we can give to these c...
by rob
Tue Jun 03, 2014 3:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Thoughts on using Mint.com?
Replies: 36
Views: 2017

Re: Half Milestone Hit!

I think it's important to look at the steps along the way..... - Wow - look no credit card debit. - Ya know, I could pay my bills without a pay check for a while. - Hey, My net worth seems to be into positive numbers. .... - Ya know I could pay off my mortgage. ..... - If I have a bad day at work, I...
by rob
Tue Jun 03, 2014 2:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Half Milestone Hit!
Replies: 44
Views: 2575

Re: Simple Camera for Travel?

To Sony's credit they make a very high definition viewfinder for the RX series, but it's almost as expensive as the camera, and makes the package decidedly non-pocketable (except to the extent that, say, a typical ILC would be.) I believe that the latest one has a popup finder... might be wrong. Pe...
by rob
Fri May 30, 2014 9:28 pm
 
Forum: Personal Consumer Issues
Topic: Simple Camera for Travel?
Replies: 34
Views: 1530

Re: Simple Camera for Travel?

For a "wow" trip like that and since your better half is already interested in photography... I would suggest a step-up in quality (and price) and pick one of the mirrorless crop sensors... light weight, especially with a prime and good quality - although not very small as you ask.
by rob
Fri May 30, 2014 1:38 pm
 
Forum: Personal Consumer Issues
Topic: Simple Camera for Travel?
Replies: 34
Views: 1530

Re: "This is all I know - -"

That's the first time I have been back to the M* boards since well... some time ago :-) This stuff should not change, isn't that the point.
by rob
Fri May 30, 2014 11:56 am
 
Forum: Investing - Theory, News & General
Topic: "This is all I know - -"
Replies: 12
Views: 2504
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