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Re: Sad calculation (max IRA contributions)

I think the point is that even someone saving the max in the retirement IRA's for their lifetime may struggle and this is a long way from most people.
by rob
Sun Apr 19, 2015 10:03 pm
 
Forum: Investing - Theory, News & General
Topic: Sad calculation (max IRA contributions)
Replies: 18
Views: 1059

Re: Single best piece of personal finance advice ever receiv

Spend less than you earn
Buy experience not things
by rob
Sun Apr 19, 2015 7:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Single best piece of personal finance advice ever received?
Replies: 81
Views: 5090

Re: Can existing employer require new credit report every ye

1. I don't know whether an employment credit check is "best" or not, but I believe (for some positions, at least) a credit report is an indication of whether there may be higher risks to the employer. I can't cite statistics, but it is common that financial institution losses from employe...
by rob
Sat Apr 18, 2015 12:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can existing employer require new credit report every year?
Replies: 37
Views: 3128

Re: Township replacing parking meters with kiosks. Is this

They are all the rage here and I HATE them - although we are moving from timed free parking. You key in your rego... which is a PITA since I make efforts NOT to memorize crap like. The main issue here is they swapped from 1 or 2 hours max to all day pre paid, so the commuters now block up all parkin...
by rob
Sat Apr 18, 2015 12:47 pm
 
Forum: Personal Consumer Issues
Topic: Township replacing parking meters with kiosks. Is this bad?
Replies: 9
Views: 467

Re: Home stereo system conversion to digital

rob, You can rip your CD into FLAC format. Then, you can get the the full quality of CD. Newer audio receiver and VLC can play that format directly. I rip all my CDs into both formats. Thanks for the info but I did it long ago to MP3 for the vast bulk and don't really want to go back and rip them a...
by rob
Fri Apr 17, 2015 8:00 am
 
Forum: Personal Consumer Issues
Topic: Home stereo system conversion to digital
Replies: 27
Views: 1834

Re: Home stereo system conversion to digital

Just another opinion... I do NOT buy restricted media - full stop. I'm just not interested in been locked in. - I ripped all my CD's into MP3 (at highest level) - Lots of software to do this from free if you like (windows media player is enough) but lots of premium options. This might or might not b...
by rob
Fri Apr 17, 2015 7:36 am
 
Forum: Personal Consumer Issues
Topic: Home stereo system conversion to digital
Replies: 27
Views: 1834

Re: Talking to People About Retirement

How about "I'm between jobs right now" or "Unemployed" or "made redundant" or "I'm consulting so starting to build up a client list".... There are endless ones that don't say retired and go down easier. I have a friend my age who gave up work cause he just got...
by rob
Thu Apr 16, 2015 3:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Talking to People About Retirement
Replies: 70
Views: 6361

Re: Can we avoid 20% withholding?

Look into SEPP (substantially equal payment plan)... I don't know all the rules and there are some gotcha's but it might be a useful tool in this case.
by rob
Wed Apr 15, 2015 5:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can we avoid 20% withholding?
Replies: 9
Views: 951

Re: Amelia Island vacation

There is a great car show there - https://www.ameliaconcours.org/ (over this year but not sure when your thinking)
by rob
Wed Apr 15, 2015 3:11 pm
 
Forum: Personal Consumer Issues
Topic: Amelia Island vacation
Replies: 11
Views: 1415

Re: Raising well-adjusted children when you're "rich"?

I agree it largely the example you set but it's still partly the personality of the kid. We live in the "bad" part of a "rich" town with great schools (plan to move away after the kids are out of school). Our kids see this in various ways - classmates going to Europe for the summ...
by rob
Wed Apr 15, 2015 11:40 am
 
Forum: Personal Finance (Not Investing)
Topic: Raising well-adjusted children when you're "rich"?
Replies: 43
Views: 3412

Re: Can existing employer require new credit report every ye

Unfortunately it's not illegal and then I stop typing otherwise I will say something this site doe not allow :-/ Put on a credit freeze then give them permission and let them try :D I would also ask is it a condition of employment first.
by rob
Wed Apr 15, 2015 10:21 am
 
Forum: Personal Finance (Not Investing)
Topic: Can existing employer require new credit report every year?
Replies: 37
Views: 3128

Re: Inflation Protection

I suspect those with high levels of skills and training aren't competing with these folks in developing countries, and their incomes have kept up with inflation. Not my experience in IT..... The developing countries are skilled and with the cost savings available to large companies by moving develo...
by rob
Sat Apr 11, 2015 4:12 pm
 
Forum: Investing - Theory, News & General
Topic: Inflation Protection [(Morningstar article)]
Replies: 7
Views: 1174

Re: Declining to continue Interview Process

Not this, which burns bridges and is rude even with the last part not said: I'm sorry but I have accepted an alternate position, so please remove my name from consideration (next time stop dragging your feet) - but without that last part :D I disagree... The question was looking for a professional ...
by rob
Fri Apr 10, 2015 9:40 am
 
Forum: Personal Consumer Issues
Topic: Declining to continue Interview Process
Replies: 26
Views: 3127

Re: Two Comma Club

Cool now get working on the next comma - that meh enough for you :D
by rob
Fri Apr 10, 2015 7:31 am
 
Forum: Investing - Help with Personal Investments
Topic: Two Comma Club
Replies: 66
Views: 8690

Re: Declining to continue Interview Process

I'm sorry but I have accepted an alternate position, so please remove my name from consideration (next time stop dragging your feet) - but without that last part :D
by rob
Fri Apr 10, 2015 7:28 am
 
Forum: Personal Consumer Issues
Topic: Declining to continue Interview Process
Replies: 26
Views: 3127

Re: Am I part of the problem??

Does this make me some kind of hypocrite in the Boglehead world? I mean, aren't I building my wealth on the backs of suckers who haven't found Bogleheads yet? This may be more of a philosophical question than a personal finance question. I couldn't find the "Philosophy" sub-forum. :D Yeah...
by rob
Thu Apr 09, 2015 2:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Am I part of the problem??
Replies: 73
Views: 8626

Re: Funny security question for Credit Report and SSA.gov

lol So fess up... Do you own a 512 or the 80's super-classic F40? 8-)
by rob
Thu Apr 09, 2015 12:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Funny security question for Credit Report and SSA.gov
Replies: 14
Views: 1324

Re: Poll: What is the credit limit of your credit card?

I once called to REDUCE the limit I had on a card (I wanted a card to use in vending machines with a $500 limit ).... It was like I had 2 heads. The rep kept asking if I meant increase and was I really sure I wanted less :?
by rob
Thu Apr 09, 2015 9:51 am
 
Forum: Personal Consumer Issues
Topic: Poll: What is the credit limit of your credit card?
Replies: 56
Views: 3413

Re: How do I grow my Roth IRA faster than my traditional IRA

I may have missed it in the previous responses but was surprised that no one pointed out that ROTH accounts should be the last to be touched (withdrawn from), so should be much more aggressive than the rest of your portfolio for that reason alone. I don't agree for a number of reasons.... - Losses ...
by rob
Thu Apr 09, 2015 8:46 am
 
Forum: Investing - Theory, News & General
Topic: How do I grow my Roth IRA faster than my traditional IRA?
Replies: 24
Views: 2374

Re: making the switch to Ally Bank

What ACH delays has anyone seen on Ally? I'm getting sick of Capital 360 (formerly ING) holding the ACH transfers forever - well 7 days which is close to the same thing. I know the interest is paid anyway and it make no actual difference but the unreasonable holds just bother me in today's so called...
by rob
Wed Apr 08, 2015 2:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: making the switch to Ally Bank
Replies: 51
Views: 4110

Re: John Bogle possible mistake? Discussion

John Norstad (a one time poster here) had a nice discussion of this - http://www.norstad.org/finance/risk-and-time.html I've never really considered age based as useful but rather I'm looking for lower "risk" (by several imperfect measures) while still meaning goals..... I think it's obvio...
by rob
Wed Apr 08, 2015 1:41 pm
 
Forum: Investing - Theory, News & General
Topic: Bogle possible mistake? Discussion [on age-based portfolios]
Replies: 53
Views: 4962

Re: Vehicle Suggestions with 3 Kids

Don't fight it, the only logical choice is a minivan... This; It takes a while to accept but once you get over the depression & embarrassment it makes the most sense by a long way :D I actually think we might get a new one post kids and drive around the country in retirement; bit like a VW comb...
by rob
Tue Apr 07, 2015 1:44 pm
 
Forum: Personal Consumer Issues
Topic: Vehicle Suggestions with 3 Kids
Replies: 41
Views: 2401

Re: What to do with my 401K when I leave the Company

jlawrence01 wrote:If you move your 401(k) to an IRA, you lose that benefit.

SEPP allows for that - granted with some potential gotchas.
by rob
Sat Apr 04, 2015 11:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: What to do with my 401K when I leave the Company
Replies: 10
Views: 1583

Re: Why Vanguard Why?

You can fedex/ups the application to them and that will help with your issues..... but yeah Vanguard is NOT a high tech forward thinking type of company but their funds are great.
by rob
Sat Apr 04, 2015 10:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why Vanguard Why? [Problems opening new account]
Replies: 85
Views: 6809

Re: What to do with my 401K when I leave the Company

You can leave it or roll it over to an IRA. If you have great 401K options available then leave it but that is uncommon. Get better options in an IRA. In most states you lose some creditor protection moving out of 401K.
by rob
Sat Apr 04, 2015 12:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: What to do with my 401K when I leave the Company
Replies: 10
Views: 1583

Re: Surface 3- anyone considering?

Yeah... I looked some time ago when it was windows RT but that was hopeless and I went ipad instead (we are a mixed windows, apple and android house so I pick the better options not the religious path :-) ). It would be nice to have better integration than apple allows with my work world that is mos...
by rob
Fri Apr 03, 2015 2:04 pm
 
Forum: Personal Consumer Issues
Topic: Microsoft's Surface 3- anyone considering?
Replies: 35
Views: 3728

Re: Help with Website Issue - Design Co. Not Responding

What is your SLA with the design company? What was agreed for an outage in the contract? If you start down the suit path, what is the risk for further delays? If the website is critical to business then you need to develop backups and know you have all the "keys" if you need them (would yo...
by rob
Fri Apr 03, 2015 12:08 pm
 
Forum: Personal Consumer Issues
Topic: Help with Website Issue - Design Co. Not Responding
Replies: 12
Views: 984

Re: Another reason why BHs pay off mortgage early?

I tripped over an annoying one recently....... Had some damage from winter now I have to send the damn insurance check to the mortgage company so they can stamp it and send it back to me..... Never heard of such a thing before and very annoying :twisted: I'm rethinking paying off the mortgage again :x
by rob
Wed Apr 01, 2015 5:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Another reason why BHs pay off mortgage early?
Replies: 51
Views: 6773

Re: My car is (supposedly) totaled. What to do?

Not sure what you mean by option 2... I didn't think you could register a salvage title car in most places.... so you not going to be able to drive on public roads in most cases... no idea if that changes by state (probably in some ways)
by rob
Tue Mar 31, 2015 8:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: My car is (supposedly) totaled. What to do?
Replies: 26
Views: 2265

Re: vanguard funds [exchange active for index in taxable]

As above depends how much of the 75K is subject to tax (cost basis) and your tax bracket...... at the very least stop reinvesting cap gains and dividends since they are taxable anyway and move the distributions to your new plan. As to the move to index funds... it's hard to argue with the returns of...
by rob
Tue Mar 31, 2015 11:37 am
 
Forum: Investing - Help with Personal Investments
Topic: vanguard funds [exchange active for index in taxable]
Replies: 12
Views: 928

Re: "The Final Say on Spending Rules" - L. Siegel

To sum up, here’s The Only Spending Rule You’ll Ever Need in one sentence with no math: Each year, one should spend (at most) the amount that a freshly purchased fixed-term annuity – at then-current portfolio values, interest rates and number of years of required cash flow remaining – would pay out...
by rob
Tue Mar 31, 2015 9:19 am
 
Forum: Investing - Theory, News & General
Topic: "The Final Say on Spending Rules" - L. Siegel
Replies: 17
Views: 2595

Re: Childs prenup

If you want to control the world from the grave then look into a restrictive trust with all sorts of hoops they have to jump thru - at least you have the ability to contol how your money is passed....... hurling out the first kernal of popcorn :D
by rob
Mon Mar 30, 2015 7:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Child's prenup
Replies: 19
Views: 2405

Re: "Employees Forgo Wellness Cash Incentives Worth Millions

torius71 wrote:Is this not typical?

No... Mine needs a circus performer to jump through all the right hoops. I get there some years but not others. I expect it's there to make the employer hit all those top x places to work nonsense rather than as a benefit to the employee.
by rob
Sat Mar 28, 2015 4:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: "Employees Forgo Wellness Cash Incentives Worth Millions"
Replies: 30
Views: 2860

Re: "Filling Your 401k with Company Stock"

It's the last thing you want in a 401K plan but I worked for company that forced 401K match in company stock... Hated every second of it but once I left it was history :-) Current company has a "fund" in 401K that is company stock (match is in cash) but IMO it should be outlawed - I'm sure...
by rob
Fri Mar 27, 2015 1:36 pm
 
Forum: Investing - Theory, News & General
Topic: "Filling Your 401k with Company Stock"
Replies: 20
Views: 1653

Re: please help me understand this stock award

Keep in mind it MIGHT be worth nothing.... If the stock price in a year is below the strike price there is no point spending x to get x-y value. While many people do cashless excercise, there are other - pardon the pun - options. You MIGHT want to excercise and hold to get long-term cap gain tax... ...
by rob
Fri Mar 27, 2015 10:25 am
 
Forum: Investing - Help with Personal Investments
Topic: please help me understand this stock award
Replies: 19
Views: 639

Re: please help me understand this stock award

They are giving you an option to buy their stock at a set price in 4 installments. Hit fairmark.com and get the book consider your options as it's a great source for how to treat them and some strategies.
by rob
Fri Mar 27, 2015 9:56 am
 
Forum: Investing - Help with Personal Investments
Topic: please help me understand this stock award
Replies: 19
Views: 639

Re: Getting Paid In Foreign Currency

Draft is likely the way you want to go... Here is the comm bank faq on them - https://www.commbank.com.au/personal/international/foreign-cheques-drafts.html I have not done this in some time but it was not outragous fees (fee + you get hit on the exchange rates as well). You can also wire it but you...
by rob
Thu Mar 26, 2015 3:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Getting Paid In Foreign Currency
Replies: 4
Views: 331

Re: Great ESPP not for "ME"?

Check the ESPP for the "before" date carefully... I have been in ones where the "start" date was the date you first enrolled in the ESPP up to some max look-back rather than the start of the quarter. Point been that the "start" price from 40 months or so for me was alwa...
by rob
Thu Mar 26, 2015 2:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Great ESPP not for "ME"?
Replies: 20
Views: 1797

Re: Getting Paid In Foreign Currency

Er.. not sure what to say abut cash in a brown paper bag :D There are places like everbank (just an example look at other) that have multi-currency accounts. For nominal fees most local banks will give you a draft in a foreign currency even without an account (effectively a USD cash cheque). You cou...
by rob
Thu Mar 26, 2015 2:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Getting Paid In Foreign Currency
Replies: 4
Views: 331

Re: How do you store your photos?

It comes down to whether you think of the photo as an object, or simply as visual information. ... One of the things that are lost to the next generations when we throw out physical photos might be things we don't think about. I have to second (3rd/whatever) this as I recently tripped over a funny ...
by rob
Thu Mar 26, 2015 1:40 pm
 
Forum: Personal Consumer Issues
Topic: How to store/archive old photos?
Replies: 29
Views: 2597

Re: Wise move to move some $ to cash before bear market?

Maybe it's time to look at whether your allocation is really the right allocation. No one wins the timing game but if your not prepared to ignore a xx% dip then now is a better time to make that call then after the fact... but then don't pretend you can buy back in or whatever other nonsense they go...
by rob
Thu Mar 26, 2015 12:39 pm
 
Forum: Investing - Theory, News & General
Topic: Wise move to move some $ to cash before bear market?
Replies: 116
Views: 11713

Re: Building a new house. Any recommendations?

Forgot to mention but think about... - If your going centrail air use multiple smaller systems (so 1 unit per zone or alike) instead of a single unit. Not for savings although there are some... just when the single unit fails in summer it's tough to get it fixed - having a/c in 1 zone is better than...
by rob
Thu Mar 26, 2015 12:01 pm
 
Forum: Personal Consumer Issues
Topic: Building a new house. Any recommendations?
Replies: 53
Views: 5109

Re: My deployed soldier is coming home!

Picking funds is the last and far from most important step, don't fall into the trap of thinking that's the important part. Stuff the money in a saving acct and then work out a plan; there is a suggested format to use for that on the wiki that he can use when he has cleared his head after he is back...
by rob
Thu Mar 26, 2015 10:45 am
 
Forum: Investing - Help with Personal Investments
Topic: My deployed soldier is coming home!
Replies: 24
Views: 2773

Re: U.S. cash pouring into international

I just got an e-mail from my Vanguard Advisor touting how wonderful international investing is and encouraging me to watch a video of the CEO touting it. I wonder if everyone got it. I only have domestic stocks in my vanguard IRA because my 401k has a cheaper international fund. Yeah... I talked to...
by rob
Wed Mar 25, 2015 10:31 pm
 
Forum: Investing - Theory, News & General
Topic: U.S. cash pouring into international
Replies: 23
Views: 2472

Re: Is my income tax too high?

Try alternating years with std deduction and itemizing.... Prepay some property tax and try to push your larger expenses into a single year to get over the strd deduction, then take std ded year after and double up again the 3rd year etc.
by rob
Wed Mar 25, 2015 10:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is my income tax too high?
Replies: 8
Views: 1263

Re: Why 529 plan makes any sense??

And it gets even more confusing to me if someone says they'd rather use a non-deductible trad IRA rather than a 529 with all its tax advantages.... Yeah... My non-deduct trad's are from before Roth IRA's & 529 plans existed and I cannot even look at a back door roth in the mirror... I used it i...
by rob
Wed Mar 25, 2015 2:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: When does a 529 plan make sense to me?
Replies: 194
Views: 8764

Re: Why 529 plan makes any sense??

1. My income makes me ineligible for a Roth IRA (I could do backdoor, but even then it's extremely unlikely I'll be in a higher income bracket at retirement, so why not just leave it in/contribute to traditional IRAs?), I am ineligible for an HSA, and I already max out my 401k ... How can you contr...
by rob
Wed Mar 25, 2015 1:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: When does a 529 plan make sense to me?
Replies: 194
Views: 8764

Re: U.S. cash pouring into international

I hate it when I rebalance into the popular segment :oops: Makes me wonder if I should not keep out of balance.... Nah, I'm not smart enough to time the market :D
by rob
Wed Mar 25, 2015 1:49 pm
 
Forum: Investing - Theory, News & General
Topic: U.S. cash pouring into international
Replies: 23
Views: 2472

Re: Should a BH investor never use futures/options?

I have got a lot of my compensation from options in the past - less popular now than it used to be but still common in some industries; I'm not giving them up :D
by rob
Wed Mar 25, 2015 9:48 am
 
Forum: Investing - Theory, News & General
Topic: Should a BH investor never use futures/options?
Replies: 70
Views: 4392
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