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Re: Does a Fixed Income 529 Make Sense Even if Overfunded?

Don't want to steal the thread, but add a wrinkle to spur even more dialogue over the same topic. What if owner A (you or me) overfunds for beneficiary B and C (their kids). Fast forward 20 years and their is still considerable monies in the accounts and the kids have been done with schooling for aw...
by staythecourse
Sat Mar 28, 2015 3:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Does a Fixed Income 529 Make Sense Even if Overfunded?
Replies: 15
Views: 523

Re: JOWPYN - The Joy of Working Past Your Number

I personally don't understand everyone's rush to retire? I do understand everyone's want to be financially free. I understand the folks who hate their job and are just doing it as a means to an end, i.e. paycheck to support their future "wants". I feel sorry for those folks. That basically...
by staythecourse
Sat Mar 28, 2015 3:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: JOWPYN - The Joy of Working Past Your Number
Replies: 9
Views: 897

Re: Do we need irrevocable life insurance trust (ILIT)?

Who in the world needs 10 million? Especially, a working spouse with only one child. The idea of life insurance is not to PROSPER if you die, but to take care of what most would consider the essentials so the other spouse does not have to stress (physically or mentally) while potentially raising the...
by staythecourse
Tue Mar 24, 2015 12:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Do we need irrevocable life insurance trust (ILIT)?
Replies: 27
Views: 1721

Re: The Most Likely Portfolio Peril — Inflation or Deflation

Some stocks would be more vulnerable than others. Companies sitting on piles of cash would actually benefit, but highly-leveraged companies involved in areas like commodity production would be vulnerable. Similarly, consumer goods makers (especially in non-essential, luxury products) would likely l...
by staythecourse
Sun Mar 22, 2015 3:56 pm
 
Forum: Investing - Theory, News & General
Topic: The Most Likely Portfolio Peril — Inflation or Deflation?
Replies: 40
Views: 3741

Re: Does your CPA/Tax Person help with reducing your taxes?

Great thread. I left my last one as she was not adding any value above just filling out the forms correct, which I assume can't be that hard since they just use a computer software system and have years of experience. I started my own business now and found a new CPA and was again disappointed as I ...
by staythecourse
Sun Mar 22, 2015 11:57 am
 
Forum: Personal Finance (Not Investing)
Topic: Does your CPA/Tax Person help with reducing your taxes?
Replies: 58
Views: 4647

Re: Route to an $8 Million Portfolio Started With Frugal Liv

Agreed. The best things in life are very inexpensive. A tour around napa valley. A day on the beach or whale watching. On the other hand i find diamonds and luxury watches useless. So long as you got a home, friends, and good food, i see no reason why someone should have spent down several million ...
by staythecourse
Sun Mar 22, 2015 12:03 am
 
Forum: Personal Finance (Not Investing)
Topic: Route to an $8 Million Portfolio Started With Frugal Living
Replies: 31
Views: 4906

Re: Route to an $8 Million Portfolio Started With Frugal Liv

I think that is a very sad situation. The guy was extremely frugal and continued to be extremely frugal even after he had considerable net worth. I don't want to be like that, and I don't think he is a good lesson for others. The lesson should be to live a balanced life - live below your means most...
by staythecourse
Sat Mar 21, 2015 11:05 am
 
Forum: Personal Finance (Not Investing)
Topic: Route to an $8 Million Portfolio Started With Frugal Living
Replies: 31
Views: 4906

Re: Doctor's office requires credit card on file

floatingdoc,

Congrats on the retirement. I am impressed that you do realize the reduction in payment due to the recent sequester. [OT comments removed by admin LadyGeek]

Good luck.
by staythecourse
Sat Mar 21, 2015 10:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Doctor's office requires credit card on file
Replies: 55
Views: 2893

Re: Route to an $8 Million Portfolio Started With Frugal Liv

Proves one thing I harp on ALL the time: Starting young, saving a lot, and staying the course is MUCH more important then any other aspect of investing. Hope this wakes people up about what is important and not get so stuck on "Should I be 2.5% or 3.5% in international small value". Good l...
by staythecourse
Sat Mar 21, 2015 10:40 am
 
Forum: Personal Finance (Not Investing)
Topic: Route to an $8 Million Portfolio Started With Frugal Living
Replies: 31
Views: 4906

Re: Legal for Doctor to Cover Insurance Co-pay?

No that is insurance fraud.

Good luck.
by staythecourse
Sat Mar 21, 2015 10:38 am
 
Forum: Personal Finance (Not Investing)
Topic: Legal for Doctor to Cover Insurance Co-pay?
Replies: 40
Views: 2876

Re: Doctor's office requires credit card on file

I would not necessarily run away, but I would give them a (soon-to-be-)bad CC number. Maybe one from a cancelled card? Or one you plan to cancel in the next few months? That is just pathetic. Be an adult. Either accept the policy and do it with good intentions or don't. Either way it is okay, but t...
by staythecourse
Sat Mar 21, 2015 10:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Doctor's office requires credit card on file
Replies: 55
Views: 2893

Re: Doctor's office requires credit card on file

Lets see, my Physician wife is one of the world pioneers in EMR (Founding fellow of the ACMI). I did my first sabbatical on emr in Frankfurt and MIT in 1984. 62 published papers on EMR. I've taught health care risk management and All my health care is with kaiser. The benefits to patients of EMR ar...
by staythecourse
Sat Mar 21, 2015 10:29 am
 
Forum: Personal Finance (Not Investing)
Topic: Doctor's office requires credit card on file
Replies: 55
Views: 2893

Re: Doctor's office requires credit card on file

Look, don't overthink this. The deal is up front and completely straightforward. The goal of these policies are to cover certain costs that are unreimbursed by your insurance. You are looking for medical care. If you feel the office policies are going to get in the way of your relationship with you...
by staythecourse
Sat Mar 21, 2015 12:13 am
 
Forum: Personal Finance (Not Investing)
Topic: Doctor's office requires credit card on file
Replies: 55
Views: 2893

Re: master bath remodel: return on investment?

I have no idea if the price tag is reasonable or not, but this would be a non-minor construction project. Time to back up and get a good answer if the price is "reasonable or not". I am assuming you got 3-5 contractors free estimates to conclude your quoted number is accurate? I did a ful...
by staythecourse
Wed Mar 18, 2015 10:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: master bath remodel: return on investment?
Replies: 42
Views: 2808

Re: master bath remodel: return on investment?

Everything about house buying and selling is a speculative bet. As such, who knows what a new buyer will like or not. I do agree MORE then anything you do with your bathroom your intangibles will determine if your house is desirable, such as: Neighborhood schools, near transit, near green space, low...
by staythecourse
Wed Mar 18, 2015 9:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: master bath remodel: return on investment?
Replies: 42
Views: 2808

Re: How Much To Negotiate Realtor Commission

How big is the neighborhood? How many other homes are listed for sale on the market in that 'hood? How long are homes staying on the market there? How do you realistically grade your home in comparison to similar homes for sale? Would you buy your house again over others? I would suggest trying FSB...
by staythecourse
Tue Mar 17, 2015 7:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: How Much To Negotiate Realtor Commission
Replies: 31
Views: 2713

Re: Observations from a first time poster, long time reader.

2) The vast majority of people do not need financial advisors, but some people do. I work in private banking where clients have > $10mn in liquid assets. They often have needs like: currency hedging for their business, lines of credit with odd collateral, estate planning advice, access to private e...
by staythecourse
Tue Mar 17, 2015 6:49 pm
 
Forum: Investing - Theory, News & General
Topic: [New Member Observations- Covered Calls, Financial Advisors]
Replies: 221
Views: 15463

Re: Any Vanguard Balanced Index Fund Diehards

P.S., as many here probably know, I am not a fan of international investing, so this fund is all I really need. Stemikger, If you are referencing yourself I think the BEST thing that could happen is you forgetting all your passwords to your accounts. I think the fund you are discussing is a fine fu...
by staythecourse
Tue Mar 17, 2015 6:31 pm
 
Forum: Investing - Theory, News & General
Topic: Any Vanguard Balanced Index Fund Diehards
Replies: 24
Views: 2937

Re: John Bogle's Don't Peek Challenge

I love the idea, but would be very wary. The risk of someone hacking into your account is real and if you don't log in how would one know? Personally, I look at my account exactly 12x per year. Each month when I put money in I have to figure out what is not doing well per my asset allocation to know...
by staythecourse
Mon Mar 16, 2015 10:17 am
 
Forum: Investing - Theory, News & General
Topic: John Bogle's Don't Peek Challenge
Replies: 103
Views: 8561

Re: My Greatest Weakness.

In my short life I think the greatest weakness is: fear of the unknown. It causes such paralysis and often prevents one from being truly happy, successful, or both. As I tell the people around me the interesting thing about fear is the FEAR of something is always worse then the reality that occurs. ...
by staythecourse
Mon Mar 16, 2015 9:33 am
 
Forum: Personal Finance (Not Investing)
Topic: My Greatest Weakness.
Replies: 37
Views: 5648

Re: How much international is too much?

At 50 I'm still working and all my wealth is in a paid for house and my 401K. I am sorry this thought process fails the sniff test of common sense. The whole concept of diversification is NOT putting all your eggs in one basket. If all your wealth (house, 401k, etc...) is in U.S. dollars how is it ...
by staythecourse
Mon Mar 16, 2015 8:58 am
 
Forum: Investing - Theory, News & General
Topic: How much international is too much?
Replies: 113
Views: 9057

Re: Nightly Business Report; Indexed vs Active Funds

When it comes to performance, whether a fund is index or active is mostly irrelevant. It is total cost (ER and turnover) that matters. I would disagree. It matters a lot in the perspective of a PORTFOLIO CONSTRUCTION. What you are talking about is if one has only one fund in their portfolio. Then y...
by staythecourse
Sat Mar 14, 2015 12:05 pm
 
Forum: Investing - Theory, News & General
Topic: Nightly Business Report; Indexed vs Active Funds
Replies: 11
Views: 1317

Re: Understanding Your Net Worth

I agree with the poster above that net worth is pretty useless. In retirement, I would think, the only important numbers are how much you have coming in each month as income and how much is going out in spending. To be honest the only folks who care about net worth (especially liquid net worth) are ...
by staythecourse
Sat Mar 14, 2015 11:55 am
 
Forum: Personal Finance (Not Investing)
Topic: Understanding Your Net Worth
Replies: 25
Views: 3485

Re: volatility ETF to hedge the falling stock risk

Simplegift, As usual excellent graphics to illustrate your point. Do you have the same, but extending back to the high inflationary 1970's? Also, they are missing 2 asset that usually do well in bear markets as well which are: cash and gold. Any idea if there is a graphic including them as well? In ...
by staythecourse
Fri Mar 13, 2015 10:20 am
 
Forum: Investing - Theory, News & General
Topic: volatility ETF to hedge the falling stock risk
Replies: 14
Views: 1061

Re: Is High Frequency Trading a Problem For Bogleheads?

I am naïve, but think HFT will only make markets MORE efficient. There are even more folks at lightening speeds trying to guess the market. Some will buy some will sell. In the end the price of the stock will more accurately reflect its true value in the SHORT run, i.e. voting machine analogy. Good ...
by staythecourse
Thu Mar 12, 2015 3:54 pm
 
Forum: Investing - Theory, News & General
Topic: Is High Frequency Trading a Problem For Bogleheads?
Replies: 42
Views: 1840

Re: Bonus received. But its not what was agreed upon. Advi

This all matters how much you "need" your old boss/ company going forward. Are you changing into a completely different career? If not then you may end up running into your ex company at some time in the future and would not unintentionally hurt yourself by causing bad blood for a simple $...
by staythecourse
Thu Mar 12, 2015 8:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Bonus received. But its not what was agreed upon. Advice?
Replies: 61
Views: 5051

Re: Slate Article: Dream on Babyboomers-Semiretirement is a

It is naïve for any person who has worked to NOT have seen ageism in the workplace. Like it or not it exists. As more and more companies have to find ways to cut the liabilities side of the ledger to artificially boost profit margins the more the higher paid, i.e. "experienced" workers wil...
by staythecourse
Tue Mar 10, 2015 10:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Slate Article: Dream on Babyboomers-Semiretirement is a Myth
Replies: 20
Views: 2885

Re: The Single Greatest Predictor of Future Stock Market Ret

Looking back it is easy to see what worked. Looking forward is another story. Sage advice. In the end I am not sure why anyone cares to find out how to predict future stock returns. If you find some formula are you so confident to put a MAJORITY of your money based on the formula? If not then who c...
by staythecourse
Tue Mar 10, 2015 10:36 am
 
Forum: Investing - Theory, News & General
Topic: The Single Greatest Predictor of Future Stock Market Returns
Replies: 19
Views: 3173

Re: Prorata for backdoor Roth question:

Yes, that is my understanding of one way to do it. P.s. I am assuming the amount rolled over to my solo 401k in step 3 is just the TOTAL IRA balance- $5500 ? Or do they need to do any calculation? Correct. No calculation is needed that I can see. An alternative approach: In step 2, you don't have t...
by staythecourse
Tue Mar 10, 2015 10:18 am
 
Forum: Personal Finance (Not Investing)
Topic: Prorata for backdoor Roth question:
Replies: 11
Views: 564

Re: Prorata for backdoor Roth question:

I think it would work this way. If you have already filed your taxes, you will have to amend I think. Re-characterize the Roth IRA to tIRA. It will be a non-deductible contribution and should be documented on Form 8606. At that point, you will have the pre-tax 401k money and the non-deductible cont...
by staythecourse
Tue Mar 10, 2015 12:15 am
 
Forum: Personal Finance (Not Investing)
Topic: Prorata for backdoor Roth question:
Replies: 11
Views: 564

Re: Bernstein: 2% investment returns over next 20 years

I love Dr. Bernstein, but his ability to predict is no better then anyone else's crystal ball. As most know Vanguard did a study on valuation metrics to predict future equity returns and the BEST as PE10 a whole 0.41 or so. So nothing nor anyone has been better. I don't remember his predictions maki...
by staythecourse
Mon Mar 09, 2015 11:27 am
 
Forum: Investing - Theory, News & General
Topic: Bernstein: 2% investment returns over next 20 years
Replies: 216
Views: 22837

Re: Prorata for backdoor Roth question:

Thanks for the replies. I did the contribution and backdoor in the beginning of 2014 and then later in 2014 I rolledover from 401k to IRA. It would seem I should recharacterize the IRA contribution for 2014 then to prevent taxes? Can anyone point me to links to read up on how to do this and go about...
by staythecourse
Mon Mar 09, 2015 10:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Prorata for backdoor Roth question:
Replies: 11
Views: 564

Prorata for backdoor Roth question:

Hi all, Am a bit confused on my situation and was looking for some guidance. I left my employer last year and thus rolled over my 401k (all pretax) to my vanguard traditional IRA. I already did the backdoor earlier that year before I even planned on leaving so the IRA so it was just sitting empty wi...
by staythecourse
Mon Mar 09, 2015 9:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Prorata for backdoor Roth question:
Replies: 11
Views: 564

Re: If you could send an investment message 10 years in the

Easy and it is the same reason I chose my name on this site as a reminder to myself every time I log on.

"Stay the course"

Good luck.
by staythecourse
Mon Mar 09, 2015 9:19 am
 
Forum: Investing - Theory, News & General
Topic: If you could send an investment message 10 years in the past
Replies: 62
Views: 4262

Re: How does Real Estate count in Asset Allocation

I have a friend who owns 5 properties in 3 cities. He does not rent any of them out, they are all paid off, and the total value of these is a large enough percentage of his net worth (about 30%), that when we talked about asset allocation, I wasn't sure quite how he should count them, if at all. Ma...
by staythecourse
Mon Mar 09, 2015 9:09 am
 
Forum: Investing - Help with Personal Investments
Topic: How does Real Estate count in Asset Allocation
Replies: 8
Views: 779

Re: Higher Downpayment a Good Idea?

My two cents are you have not given enough information to get the advice you are looking for. I treat a house as a LARGE, illiquid purchase so think the best move (pun intended) is to buy where you can stay in the house as LONG as you need and don't NEED to sell in any circumstance unless you choose...
by staythecourse
Mon Mar 09, 2015 9:02 am
 
Forum: Personal Finance (Not Investing)
Topic: Higher Downpayment a Good Idea?
Replies: 32
Views: 2769

Re: Anyone hold precious metal

Another use of gold is as a currency hedge against the U.S. dollar. What many folks who even read about the PP of Harry Browne fail to realize is one of the reasons he has NO foreign equities is that he uses gold as his hedge against the falling dollar instead of foreign currency through foreign eq...
by staythecourse
Mon Mar 09, 2015 8:53 am
 
Forum: Investing - Theory, News & General
Topic: Anyone hold precious metal
Replies: 44
Views: 3340

Re: Bear Market strategies, if any

The best strategy is not having to sell WHEN (not if) the markets tank. So how do you make sure you don't need to sell? That's easy: Long time horizon, no need for liquidity before that time horizon is up, stable job, large EF in case job ends up not stable as you once thought, and ability to stay t...
by staythecourse
Sun Mar 08, 2015 3:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bear Market strategies, if any
Replies: 43
Views: 2997

Re: Boglehead degree status

Only thing I will add for some of the newer readers of investing and this site particular is the most amazing thing about this community is how many folks have NO problem helping you with often times is the most simple discussions to the most advanced topics. I feel quite fortunate I am investing in...
by staythecourse
Sat Mar 07, 2015 12:55 am
 
Forum: Local Chapters and Bogleheads Community
Topic: Boglehead degree status
Replies: 52
Views: 4840

Re: The More I learn, the fewer changes I make

Just curious how a thread about making less changes has ANYTHING to do with a simpler 3 fund portfolio? Not saying it is right or wrong, but don't see the association? Either way I do agree with the OP. When I discuss finance with others who don't know much and think I am some investing genius I tel...
by staythecourse
Sat Mar 07, 2015 12:46 am
 
Forum: Investing - Theory, News & General
Topic: The More I learn, the fewer changes I make
Replies: 25
Views: 3182

Re: Anyone hold precious metal

I've never seen any evidence that precious metals enhance a portfolio. Perhaps someone can direct me to some if such a thing exists. Its all about how you analyze data if you want to believe something or not. There is one side that believes if you don't want to believe something no matter how much ...
by staythecourse
Sat Mar 07, 2015 12:13 am
 
Forum: Investing - Theory, News & General
Topic: Anyone hold precious metal
Replies: 44
Views: 3340

Re: Availability of X-Files Episodes on Netflix

It seems they lose the rights and sometimes it comes back on later on. That happened to law and order SVU. If you are really interested Xfiles at one point had a 4 box set which had the 60 episodes that had to do with the main overall story arch. I am not sure what it was called, but google probably...
by staythecourse
Fri Mar 06, 2015 1:46 pm
 
Forum: Personal Consumer Issues
Topic: Availability of X-Files Episodes on Netflix
Replies: 7
Views: 610

Re: Buy home in area with only good PK-8 public schools?

OP, I am pretty sure we live in the same city. ?Chicago. I was in the same situation as you a couple of years back when my wife and I were looking to buy our first house during the real estate bottom. At that time we didn't have a kid, but as a good planner I researched the school dynamics pretty we...
by staythecourse
Thu Mar 05, 2015 12:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buy home in area with only good PK-8 public schools?
Replies: 44
Views: 2786

Re: Wife tired of saving...

"Happy wife, happy life". One a more serious note... You two are young a (bit older then my wife and I) and are already having some saving friction. Your savings are excellent for your ages. I would ease off the accelerator a bit and consider a compromise where both of you will be happy. M...
by staythecourse
Wed Mar 04, 2015 5:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wife tired of saving...
Replies: 203
Views: 19182

Re: Millennial Inheritance Bloomberg

I hope this is nothing new as I wrote about this wealth transfer on this site awhile ago. The older generation has lived through the MOST prosperous period in U.S. history. Think about it they lived through the greatest stock bull market, greatest bond bull market, the greatest real estate boom, hig...
by staythecourse
Tue Mar 03, 2015 9:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Millennial Inheritance Bloomberg
Replies: 10
Views: 1381

Re: Talking Salary Tomorrow - HELP!

As I am getting older I think it is ridiculous that folks have to make a "pitch" for a better salary. The ultimate policy in life is that of supply and demand. If it was me I would just talk about what you have brought the company and see if there is room for an increase in salary to a hig...
by staythecourse
Tue Mar 03, 2015 11:09 am
 
Forum: Personal Finance (Not Investing)
Topic: Talking Salary Tomorrow - HELP!
Replies: 17
Views: 2643

Re: Tom Stanley-Millionaire Next Door Author Killed in Auto

I must be in the rare minority as I never liked his book. Too much selection bias in aggregating his data. I will say something like this always causes pause and reflection of the point of saving and investing. Save too much and don't get to enjoy it if you die young or save too little and die poor ...
by staythecourse
Tue Mar 03, 2015 9:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Tom Stanley-Millionaire Next Door Author Killed in Auto Acci
Replies: 73
Views: 11324

Re: Taylor Larimore Honored

Congrats Taylor. I am starting to think that beer commercial regarding the "Most interesting man in the world" may be referring to Taylor. A paratrooper, Government man, sailor, author, investor, husband, father, grandfather, and all around well intentioned contributor to many folks lives....
by staythecourse
Tue Mar 03, 2015 9:09 am
 
Forum: Investing - Theory, News & General
Topic: Taylor Larimore Honored
Replies: 59
Views: 4969

Re: Understanding correlations and return

I'm no expert so hope others will correct me, but my answers would be; 1. The lower the correlation the closer the Geometric mean will be to the Arithmetic mean, i.e. decrease the variance drag. Since the equation is: ArMean=Geomean/Variance the lower the variance the higher the geomean will be. 2. ...
by staythecourse
Mon Mar 02, 2015 1:04 pm
 
Forum: Investing - Theory, News & General
Topic: Understanding correlations and return
Replies: 10
Views: 651

Re: Dividends and Market Slides

Do dividend paying stocks provide any measure of protection in a market downturn? The dividend yield is relatively low, but at least it's there. Does that provide any cushioning effect? Also, does the fact that many of the dividend paying companies tend to put them in the value category? If so, val...
by staythecourse
Sun Mar 01, 2015 10:51 am
 
Forum: Investing - Theory, News & General
Topic: Dividends and Market Slides
Replies: 55
Views: 3377
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