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Re: Vanguard sued for charging too little

I appreciate the co-op discussion. It was actually my first thought when I read about this, but hadn't had time to brush up on the applicable rules.
by sesq
Thu Feb 26, 2015 12:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard sued for charging too little
Replies: 273
Views: 43645

Re: Dave Ramsey Lashes Out at His Financial Critics

tfb wrote:Dave Ramsey lashes out at critics the same way MMM lashes out at critics -- "Don't bug me with these details. Look at the big picture!" The details are kind of important.


Solid point.
by sesq
Wed Feb 18, 2015 10:32 am
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey Lashes Out at His Financial Critics
Replies: 89
Views: 9585

Re: Large Age Gap with Spouse/Partner

Keep in mind that older men (probably women too) can get set in their ways. A woman in my family married a fellow who was in his late 40s when she was in her late 20s. They proceeded to adopt and when grind kicked in she found this guy was less than a full partner is raising their kid. He had built ...
by sesq
Tue Feb 17, 2015 5:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Large Age Gap with Spouse/Partner
Replies: 63
Views: 5099

Re: Dave Ramsey Lashes Out at His Financial Critics

Its funny that "we" pound on Ramsey but there are relatively few threads on Jim Cramer. I think he is arguably worse the way he pimps that he gives all his trading profits to charity but will happily pocket the cash from a subscription to preview his trades. I think the distinction is Rams...
by sesq
Tue Feb 17, 2015 5:02 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey Lashes Out at His Financial Critics
Replies: 89
Views: 9585

Re: Expecting a big inheritance - Should it change my life?

I can empathize with how the prospect of a windfall can mess with your mind. I had a non-car serious accident at age 22 that led to product liability / personal injury litigation. I was in grad school at the time preparing for a career and the prospects of the case could have reached as high as $1M,...
by sesq
Tue Feb 17, 2015 2:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Expecting a big inheritance - Should it change my life?
Replies: 124
Views: 7828

Re: Which of these 3 Things Should I Focusing On First?

In the absence of details I voted Roth, since each year's opportunity closes on 4/15 of the following year. Also, the Roth can double as a nuclear emergency fund. Though I'd likely hit the credit cards first.
by sesq
Mon Feb 16, 2015 4:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Which of these 3 Things Should I Focusing On First?
Replies: 10
Views: 976

Re: Vanguard sued for charging too little

There are two things going on here: - terminated employee, - IRS whiste-blower bounty. Frankly, if I were in the position of this employee, I would also have tried to do this. If there is, say, 10% chance, that the courts side with him, then, in case, of winning, you accomplish two things: - you ca...
by sesq
Mon Feb 16, 2015 12:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard sued for charging too little
Replies: 273
Views: 43645

Re: How to make this fair: gifting to kids with different me

On my mother's side, when her grandmother passed there was a fight about money and the combatants proceeded to never talk to each other again. My mother was a kid and remembered it vividly. She is a strong advocate of even-steven (absent special needs or something). Like everyone else here, I am the...
by sesq
Fri Feb 13, 2015 3:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to make this fair: gifting to kids with different means
Replies: 108
Views: 8876

Re: Where to buy nice men's dress shirts?

I've tried everything but I keep coming back to the BB non-iron slim fits. I wish they were a little cheaper and the elbows didn't tear so easily, but I haven't found any off-the-rack shirts that match up in terms of fit, look, and comfort. I stopped buying them because of the elbow tear issue, so ...
by sesq
Thu Feb 12, 2015 11:25 am
 
Forum: Personal Consumer Issues
Topic: Where to buy nice men's dress shirts?
Replies: 84
Views: 6011

Re: Fully Depreciated Rental Condo - Question

Is there a need to sell? Is it practical/possible to hold the property to death and let the heir's receive it with a stepped up basis? Will the total estate be over $5M? If cash is needed, is borrowing an option versus a sale? There is no need to sell. I was just trying to find out what the tax con...
by sesq
Wed Feb 11, 2015 4:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Fully Depreciated Rental Condo - Question
Replies: 31
Views: 1468

Re: Fully Depreciated Rental Condo - Question

Is there a need to sell? Is it practical/possible to hold the property to death and let the heir's receive it with a stepped up basis? Will the total estate be over $5M? If cash is needed, is borrowing an option versus a sale?
by sesq
Wed Feb 11, 2015 10:48 am
 
Forum: Personal Finance (Not Investing)
Topic: Fully Depreciated Rental Condo - Question
Replies: 31
Views: 1468

Re: am I mess?

How stable is your employment? I'd strongly consider paying the 11% loan off with half the emergency fund. Then apply the past car payment to building it back up. I'd then discuss with the wife that purchasing a house isn't in the cards for at least 24 month. Any mortgage you would get with a 650 sc...
by sesq
Tue Feb 10, 2015 6:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Am I a mess?
Replies: 30
Views: 3252

Re: Americas best 401-k ?

My father worked for a company where they undid the pension in the 1980's and replaced it with 401(k), but wasn't looking for cost savings, just risk reduction. They were also fairly paternal to the employees, and didn't want people to miss out. They set the match at 5 to 1 for the first 1%. I was a...
by sesq
Mon Feb 09, 2015 10:49 am
 
Forum: Investing - Theory, News & General
Topic: Americas best 401-k ?
Replies: 11
Views: 1351

Re: Question for Rewards Card Users (Airline)

The advice above is good. As a general rule, a name brand "airline/hotel" specific card is going to deposit with the FF account and not be tied to the card. The only thing you then lose would be miles from the last month's purchases when you cancel. In rare instances there are clawback pro...
by sesq
Fri Feb 06, 2015 11:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Question for Rewards Card Users (Airline)
Replies: 5
Views: 726

Re: Poll: Do you contribute max to tax-advantaged before 529

For those who contribute to 529's, which seems like the minority, I am curious what their goal is for their balance. My goal is to save enough so they have enough for 3 years private, which by its nature should be more than 4 years public. I like to think I will then let them make choices, but I ma...
by sesq
Tue Feb 03, 2015 3:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll: Do you contribute max to tax-advantaged before 529?
Replies: 38
Views: 2757

Re: Workplace net worth conversations you'd like to avoid?

I won't talk net worth with many (so far my wife and by best friend), but I love to talk personal finance. The only thing I really don't like is when people ask me, specifically, what to invest in. I'd like to say build a portfolio of index funds and adjust you AA to meet your goals. But "build...
by sesq
Thu Jan 29, 2015 4:33 pm
 
Forum: Personal Consumer Issues
Topic: Workplace net worth conversations you'd like to avoid?
Replies: 87
Views: 9300

Re: Amazon Prime - good deal or calculated conditioning

It is effective to make me default to amazon for smaller orders because I like the speed of delivery, and sometimes bigger orders I want on a schedule. When the dollars add up I still shop around. I use the streaming service and it really pays off for us at Christmas. It also helps that I can get 5%...
by sesq
Wed Jan 28, 2015 11:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Amazon Prime - good deal or calculated conditioning
Replies: 50
Views: 2928

Re: soundproofing walls

The AVS guys are the right source for answers. I also built a HT in my old house and used many of their techniques, very effective. A key question is what kind of noise are you trying to beat? Loud tv/stereo? Impact noise (crazy tough)? Normal conversation? Subwoofer? Another is what is the current ...
by sesq
Tue Jan 27, 2015 4:22 pm
 
Forum: Personal Consumer Issues
Topic: soundproofing walls
Replies: 13
Views: 1615

Re: Sellers Won't Fix Leaking Roof; Fear of Additional Damag

The first time I tried to buy a house, I thought I was a big-shot and made what I hoped was a strong offer and put 5% down as earnest money, nearly 20k. We did the inspection and nothing major popped. We arranged for our mortgage and went on vacation. While on vacation the mortgage contingency date ...
by sesq
Tue Jan 27, 2015 11:11 am
 
Forum: Personal Consumer Issues
Topic: Sellers Won't Fix Leaking Roof; Fear of Additional Damage
Replies: 58
Views: 5711

Re: How to climb up in a megacorp

This kind of contradicts, but stick with me. 1. Be willing to invest into your company. Make sacrifices, show you are willing to go the extra mile. For me, willingness to move to meet the company's needs has been rewarded. 2. If your company doesn't respect your sacrifices, (after a reasonable amoun...
by sesq
Mon Jan 26, 2015 6:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to climb up in a megacorp
Replies: 37
Views: 5105

Re: Selling a home - 1st timer

I'll pile on. If you have any clutter and/or too much stuff, rent a storage locker and move all that stuff there. Making your place not look like a dump makes a big difference. You should mostly empty closets and storage areas so people can see and navigate. Second, get a magic eraser and deal with ...
by sesq
Fri Jan 23, 2015 11:34 am
 
Forum: Personal Consumer Issues
Topic: Selling a home - 1st timer
Replies: 26
Views: 2462

Re: when did Backdoor Roth first become available?

I was aware of the "backdoor" strategy before 2010 and had made a couple of non-deductible IRA contributions (not all years as funds had other demands) in anticipation of the change. I just googled it, the planned change (lifting the income limits) was part of a 2006 budget bill. http://ww...
by sesq
Thu Jan 22, 2015 6:57 pm
 
Forum: Investing - Theory, News & General
Topic: when did Backdoor Roth first become available?
Replies: 6
Views: 1022

Re: spousal or partner frugality comparison poll

I selected winds / tides. While we are both frugal, I will "throw money at a problem" and/or rationalize a cost/quality benefit. My wife feels compelled to give a lot more gifts than I do.
by sesq
Sun Jan 18, 2015 12:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: spousal or partner frugality comparison poll
Replies: 18
Views: 1827

Re: Convince me not to incorporate in Delaware

Google Delaware, unclaimed property and Kelmar. Though that is a big-business issue more than your friend's issue. As pointed out by others, your friend's biz will have a physical presence in PA and need to file both sales tax and income tax returns in PA. Further, it will have a duty to collect PA ...
by sesq
Sun Jan 18, 2015 12:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Convince me not to incorporate in Delaware
Replies: 10
Views: 987

Re: garbage disposals - are these still used?

Yup. Use ours daily. Don't put cucumber peels in though. :shock: wow, really? I hope I remember that if we get one because I love my cukes. Luckily we're in the country but on city sewer. The peels are just the right shape to slip past the teeth and jam the disposal (no spinning). I have done it a ...
by sesq
Sat Jan 17, 2015 5:12 pm
 
Forum: Personal Consumer Issues
Topic: garbage disposals - are these still used?
Replies: 52
Views: 3729

Re: garbage disposals - are these still used?

Yup. Use ours daily. Don't put cucumber peels in though.
by sesq
Sat Jan 17, 2015 2:27 pm
 
Forum: Personal Consumer Issues
Topic: garbage disposals - are these still used?
Replies: 52
Views: 3729

Re: BJs Perks Plus or Citi Double Cash?

I am big into reward cards, so the more the merrier is my basic viewpoint. But I'd get both. Your wallet wouldn't be that tough to manage - Sallie for gas/groc/amazon (5%), BJ for BJ (3%), and DC for everything else 2%.
by sesq
Fri Jan 16, 2015 4:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: BJs Perks Plus or Citi Double Cash?
Replies: 1
Views: 354

Re: How much in I bonds do you own?

I bought 10k earlier last year to start an inflation adjusting emergency fund. I went to get another 10k and I had forgotten my password and how to reset was difficult. I managed to lock myself out and will need to call at some point. I am not too worried about it as the fixed looks to be at 0 for a...
by sesq
Fri Jan 16, 2015 4:22 pm
 
Forum: Investing - Theory, News & General
Topic: How much in I bonds do you own?
Replies: 29
Views: 3161

Re: Downside of putting condo in a trust

IANAL. I am in PA and my house is in a revocable trust. I have refi'd numerous times (4 times over 7 years? Maybe 5). It isn't a big deal, but some lender's don't want to deal with me, or have suggested an extra fee to review the trust. I have always been able to sho around and avoid that issue with...
by sesq
Fri Jan 16, 2015 4:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Downside of putting condo in a trust
Replies: 29
Views: 2872

Re: Recommendations for Family Trip to San Diego

We were there two years ago with a 4 and 7 year old. Legoland and the Corvette Diner were highlights. We also stayed at a hilton near Seaworld on a beach (public) where there was concrete firepits on the beach and we let the kids stay up late and roast marshmellows. Simple pleasures. I don't want to...
by sesq
Mon Jan 12, 2015 6:29 pm
 
Forum: Personal Consumer Issues
Topic: Recommendations for Family Trip to San Diego
Replies: 16
Views: 1422

Re: switch to Bank of America HSA

I am sorry I can't answer your question, but I am perplexed by the answer the TD rep gave you. I was under the impression that once money has been put in an HSA the employee can roll over assets to wherever on wished. So it seems odd to me that you could not just leave the assets where they are rega...
by sesq
Mon Jan 12, 2015 6:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: switch to Bank of America HSA
Replies: 8
Views: 1083

Re: Can I retire early? 38 y/o

Did you consider Life Insurance, Disability Insurance , Umbrella Insurance, LTC, property taxes, house expenses etc? If one retired early, with a $4M NW (incl the building), I don't think one needs life insurance or disability insurance. In the first case, his departure would be one less mouth to f...
by sesq
Fri Jan 09, 2015 4:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I retire early? 38 y/o
Replies: 89
Views: 10654

Re: Spousal Dynamics on Finance

We are #1 (I run the finances soup to nuts), but I am not worried. I have been married 11 years. My wife was on her own paying rent and managing her checkbook fine before I came along. She didn't know a thing about investments. In the years together she now knows the difference between stocks and bo...
by sesq
Tue Jan 06, 2015 6:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Spousal Dynamics on Finance
Replies: 59
Views: 6972

Re: Vanguard sued for charging too little

IANAL but, I would imagine a dismissal hearing would just be part of a day, but the Judge's ruling will take time.
by sesq
Tue Jan 06, 2015 5:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard sued for charging too little
Replies: 273
Views: 43645

Re: What are your 2015 Financial Goals?

18k - Fund Roth 401(k) 5k - Fund HSA (Employer kicks in too) 11k - 2014 & 2015 backdoor roth contributions for me & spouse. 28k - Fund kids 529s 4k - Pay off remaining car loan 45k - Pay off remaining mortgage 111k - Total (gasp) + hope for the best in the market In my budget I have about 80...
by sesq
Tue Dec 16, 2014 4:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: What are your 2015 Financial Goals?
Replies: 102
Views: 8305

Re: This looks like a decent credit card.

The bonus is usually $100. Really nice when paired with Ink Plus (business card) or (to a lesser extent due to no 5X on office supply or telecom) Sapphire Preferred, which opens up transfers to certain airlines/hotels. The rotating 5x categories and no annual fee make it a keep forever card. I picke...
by sesq
Tue Nov 25, 2014 10:38 am
 
Forum: Personal Consumer Issues
Topic: This looks like a decent credit card.
Replies: 6
Views: 1074

Re: Extreme Generosity / Limiting Net Worth

I don't find the 2% figure to be shocking. The savings rate is generally sub 5%. 40% of the amount saved is very generous. Perhaps too generous. I am open to the idea of being more charitable, but I am highly skeptical that many charities or legacy bequests are subject to waste, bloat and capture. F...
by sesq
Tue Nov 18, 2014 7:15 pm
 
Forum: Personal Consumer Issues
Topic: Extreme Generosity / Limiting Net Worth
Replies: 113
Views: 23415

Re: When do your account returns dwarf your contributions?

The good year effect of 2013 gave me a sense of being dwarfed. But at this point, being mid-to-high 6 figs, at 42, I am really only saving for early retirement or a more comfortable retirement. If I stopped now a retirement in my mid sixties with SS is very likely. In a more normal year, or a volati...
by sesq
Tue Nov 18, 2014 6:15 pm
 
Forum: Investing - Theory, News & General
Topic: When do your account returns dwarf your contributions?
Replies: 51
Views: 7857

Re: What have you done to cut costs this year?

-Switched insurance (home/auto/umbrella) when quote came in too high - Saved $750/yr -Refi ARM to HELOC - Saved 300/yr + liquidity benefits. -Ramped up Credit card hustle - yields at least $2K/yr cash + a ton of points (no longer pay for flights or hotels for fam of 4, domestic coach and mid tier pr...
by sesq
Wed Nov 05, 2014 6:38 pm
 
Forum: Personal Consumer Issues
Topic: What have you done to cut costs this year?
Replies: 134
Views: 12963

Re: Ashley Furniture

I have an office set from them. Its fine. Not heirloom quality or anything, but it gets the job done. We went in to get an extra file cabinet recently and the real young sales guy would make a used car dealer blush. I was pretty annoyed at the run around to get to a price as they kept trying to enti...
by sesq
Wed Nov 05, 2014 4:55 pm
 
Forum: Personal Consumer Issues
Topic: Ashley Furniture
Replies: 42
Views: 3848

Re: Do you dream about retirement?

On the titular question - I am very future oriented and have been doing retirement projects since my early twenties, since college basically. I am 42 now. I am very interested in financial freedom (or critical mass as Brinker calls it, which I'd hear driving around with my father as a teenager). Off...
by sesq
Fri Oct 31, 2014 10:48 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you dream about retirement?
Replies: 91
Views: 7524

Re: Tax Rules on Telecommuting

If you are self employed you pay taxes based on where the service is provided in most instances. If the contractor does 80% of the work in State A, but goes in for client visits located in State B 20% of the time, then they will file in both states. The mechanics of the filings may be that the taxpa...
by sesq
Wed Oct 29, 2014 3:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax Rules on Telecommuting
Replies: 12
Views: 724

Re: Should I use 50k Delta miles for a $600 flight?

Unless you have a specific future trip that may be more lucrative, I just take what I can get with miles. But I am heavy in credit cards, so there is always more to come in the pipeline.
by sesq
Sun Oct 26, 2014 7:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I use 50k Delta miles for a $600 flight?
Replies: 73
Views: 5035

Re: Our plan to pay off our mortgage by Age 40

Look hard at the PenFed 5/5 ARM. Currently 2.75%, would only adjust once in your 9 year plan, a max of 2%, so worst case you are back at 4.75% for the last 4 years.
by sesq
Fri Oct 24, 2014 2:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Our plan to pay off our mortgage by Age 40
Replies: 10
Views: 1435

Re: NJ - Buying house in flood zone (FEMA)?

I walked away from a home purchase when it popped on the flood zone during the mortgage process (not disclosed, sellers claimed unaware, though they were definitely aware of the wetland deed restrictions that weren't disclosed). I was past my financing contingency date and had to later fight about t...
by sesq
Fri Oct 24, 2014 2:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: NJ - Buying house in flood zone (FEMA)?
Replies: 48
Views: 3493

Re: Just wondering how you personally calculate net worth

I do a monthly calc of all assets and all liabilities. I record a deferred tax liability for a portion of my tax deferred accounts, currently I use 30% as my estimate for a blended tax rate to include Fed/State/local/impact of means-testing. The house is just zillow, cars are KBB. Zillow lags realit...
by sesq
Thu Oct 23, 2014 10:46 am
 
Forum: Personal Finance (Not Investing)
Topic: Just wondering how you personally calculate net worth
Replies: 56
Views: 4211

Re: Critically Acclaimed Movies you did not like

Sideways - Glad to see I am not alone in hating it.
Lost in Translation - ugh
Leaving Los Vegas - also ugh
Braveheart - would have been ok if edited to half the length
by sesq
Wed Oct 15, 2014 2:56 pm
 
Forum: Personal Consumer Issues
Topic: Critically Acclaimed Movies you did not like
Replies: 150
Views: 19514

Re: Am I crazy to try to tackle all 4 issues at once?

Personally I would do something like the following. 1) Get 401(k) match 2) Pay max towards CC's until gone 2a) open 0% interest balance transfer promo (some are 15 months) and get it paid off in time. 3) build EF to comfort level (some like 1 month, others like 3 months, some like 6 months, I would...
by sesq
Fri Oct 03, 2014 3:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Am I crazy to try to tackle all 4 issues at once?
Replies: 29
Views: 3517

Re: What did you always wish for but never got?

As a 13 year old I wanted a pair of sai's desperately (kind of like daggers). I envisioned myself mastering all these cool moves, way cooler than a butterfly knife. My parent's said no on the grounds that they were weapons. The Patriots went to the superbowl that year to face the Chicago Bears. My f...
by sesq
Wed Sep 24, 2014 3:00 pm
 
Forum: Personal Consumer Issues
Topic: What did you always wish for but never got?
Replies: 87
Views: 5985

Re: What can I do next?

I think you know this, but your best "investing" move would be to stay in the military to vest in the pension.

After that, TSP.
by sesq
Tue Sep 23, 2014 9:50 am
 
Forum: Personal Finance (Not Investing)
Topic: What can I do next?
Replies: 5
Views: 806
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