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Re: Marotta's Gone-Fishing Portfolio

17.4% Pimco Total Return (PTTDX/PTTRX)
12.6% Pimco Emerg Market Bond (PEMDX/PEBIX)
12.0% iShares N.Amer Nat. Resources (IGE)

42% of the portfolio in these three funds??????

Well, that's certainly different.
by texasdiver
Sat Jan 24, 2015 10:22 pm
 
Forum: Investing - Theory, News & General
Topic: Marotta's Gone-Fishing Portfolio
Replies: 11
Views: 1029

Re: Prepaid Tuition Vs 529 plan

17 years is a long time. You may be living in another part of the country. Your child may get into Stanford or Harvard or join the military. The state university system may be a mess or unrecognizable. Or they could just renege as has happened in other states like Alabama http://usatoday30.usatoday....
by texasdiver
Sat Jan 24, 2015 7:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Prepaid Tuition Vs 529 plan
Replies: 8
Views: 453

Re: Anyone else love reading textbooks?

I totally agree with that triangle. Unfortunately, I've found in my experience that the number of students (even at ivy league colleges) that commit the adequate amount of time and attention to the base (remembering phase) is vanishingly small. Everyone, including educators, is all about avoiding m...
by texasdiver
Sat Jan 24, 2015 5:36 pm
 
Forum: Personal Consumer Issues
Topic: Anyone else love reading textbooks?
Replies: 79
Views: 2327

Re: Selling a home - 1st timer

1. If you have any amount of clutter definitely rent a nearby storage locker and start packing and moving everything that isn't essential to your immediate life. I'd suggest buying a big stack of identical sized moving boxes from a moving company so that all your boxes stack and move nicely. If you ...
by texasdiver
Sat Jan 24, 2015 2:38 pm
 
Forum: Personal Consumer Issues
Topic: Selling a home - 1st timer
Replies: 24
Views: 1825

Re: HSA... any receipt savers?

I don't actually save a single receipt because I usually pay medical bills online. What I do save are the following: 1. Insurance EOB statements. Most insurance company web sites will also let you log in and print annual summaries of all your out of pocket expenses. I printed these for previous year...
by texasdiver
Sat Jan 24, 2015 2:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: HSA... any receipt savers?
Replies: 136
Views: 4798

Re: Anyone else love reading textbooks?

Did this ever happen to anyone else while studying? Read the assigned pages or the entire chapter and get to the end of chapter questions. There is a good number that are relatively easily when going back to the formulas and theorems. Then, there are a fair number where the text does not go into en...
by texasdiver
Sat Jan 24, 2015 1:28 pm
 
Forum: Personal Consumer Issues
Topic: Anyone else love reading textbooks?
Replies: 79
Views: 2327

Re: Anyone else love reading textbooks?

A good number of elementary-middle school- high school textbooks are written off-shore where costs are much lower. Some of the errors in history texts have been so blatant that I have gone back to trusted sources to verify my suspicions. I do not proofread full-time. That would be far too boring. I...
by texasdiver
Sat Jan 24, 2015 12:41 pm
 
Forum: Personal Consumer Issues
Topic: Anyone else love reading textbooks?
Replies: 79
Views: 2327

Re: Would maxing a Roth and 401k each year be enough?

the HSA is an even better deal than the 401K or Roth because it is tax exempt at both the contribution and withdrawal stage Unless using distributions for qualified medical expenses I think you still have to pay ordinary income tax on the withdrawal of HSA past age 65. Yes, but if you pay out of po...
by texasdiver
Sat Jan 24, 2015 8:51 am
 
Forum: Investing - Theory, News & General
Topic: Would maxing a Roth and 401k each year be enough?
Replies: 17
Views: 2538

Re: seiko divers watch

I have this one http://www.amazon.com/gp/product/B00AJK9CL4 Excellent watch. People call it the Orange Monster and it is popular among the watch crowd of which I"m not one. I'm partial to automatic watches and dive watches with rotating bezels. This Seiko is far superior to the Invicta watch th...
by texasdiver
Fri Jan 23, 2015 7:26 pm
 
Forum: Personal Consumer Issues
Topic: seiko divers watch
Replies: 8
Views: 572

Re: Anyone else love reading textbooks?

Well, as a HS science teacher I can tell you that I have about 50 different science textbooks on my classroom shelf and not more than a handful of them are truly good. Some of offerings by the biggest publishers like Pearson are so bad as to be virtually unusable in the classroom. And their electro...
by texasdiver
Fri Jan 23, 2015 5:22 pm
 
Forum: Personal Consumer Issues
Topic: Anyone else love reading textbooks?
Replies: 79
Views: 2327

Re: Would maxing a Roth and 401k each year be enough?

Add an HSA account to the mix and you'll be in even better shape. That's another $3,350 you can tax shelter each year and the limit adjusts upward with inflation. You need to have a qualifying High Deductible health insurance plan to open an HSA though. If you document all your medical expenses and ...
by texasdiver
Fri Jan 23, 2015 5:10 pm
 
Forum: Investing - Theory, News & General
Topic: Would maxing a Roth and 401k each year be enough?
Replies: 17
Views: 2538

Re: Anyone else love reading textbooks?

Well, as a HS science teacher I can tell you that I have about 50 different science textbooks on my classroom shelf and not more than a handful of them are truly good. Some of offerings by the biggest publishers like Pearson are so bad as to be virtually unusable in the classroom. And their electron...
by texasdiver
Fri Jan 23, 2015 4:59 pm
 
Forum: Personal Consumer Issues
Topic: Anyone else love reading textbooks?
Replies: 79
Views: 2327

Re: "Its Time To End Financial Advisers 1% Fees"

Adviser fees are easy enough to avoid or eliminate. Just do your own investing or use an adviser who charges hourly fees. What it is really time to end are the 401(k) and 403(b) fees that most employees are subject to without recourse. I can move my IRA and taxable money around to my heart's content...
by texasdiver
Fri Jan 23, 2015 3:20 pm
 
Forum: Investing - Theory, News & General
Topic: "Its Time To End Financial Advisers 1% Fees"
Replies: 8
Views: 1807

Re: AOTC versus 529 plan [American Opportunity Tax Credit]

So for families with AGI over $160,000 (my wife and I are a little bit over) is there anything of interest in this conversation? Are there additional reasons to abandon 529 plans for those who don't qualify for AOTC? Our oldest daughter is a HS junior so we are now in the middle of SAT angst and not...
by texasdiver
Fri Jan 23, 2015 10:02 am
 
Forum: Personal Finance (Not Investing)
Topic: AOTC versus 529 plan [American Opportunity Tax Credit]
Replies: 38
Views: 2340

Re: Reporter doing story on pitfalls of doing one's own taxe

Maybe one day the federal government will buy over Turbotax, integrate the tax-filing software with its own databases, allow taxpayers to log in with their SSN to be greeted with prefilled personal and wage information (the way Amazon does it) and provide digital images of all the forms given to it...
by texasdiver
Thu Jan 22, 2015 10:48 pm
 
Forum: Investing - Theory, News & General
Topic: Reporter doing story on pitfalls of doing one's own taxes
Replies: 40
Views: 4566

Re: Credit card FICO, is it a gimmick? EMV+sign, useful?

My Discover Card has been putting my free FICO score on my statements and making it available online when I do online account access. It seems to be about the right score and when I look at the fine print at the bottom of the page it says: Your FICO® Credit Score is based on data from TransUnion and...
by texasdiver
Thu Jan 22, 2015 10:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit card FICO, is it a gimmick? EMV+sign, useful?
Replies: 20
Views: 1602

Re: Reporter doing story on pitfalls of doing one's own taxe

I suspect the numbers about self-prepared returns being more accurate than prepared returns are correct because: 1. It's a self selecting group. People who are math-phobic or not interested or not good on a computer don't even think about doing their own return. So those who do decide to DIY are a ...
by texasdiver
Wed Jan 21, 2015 10:11 pm
 
Forum: Investing - Theory, News & General
Topic: Reporter doing story on pitfalls of doing one's own taxes
Replies: 40
Views: 4566

Re: Vanguard too successful?

So how does go contrarian against Vanguard? what is the opposite of investing in a 100% transparent and low fee Vanguard index fund? A completely opaque high-fee hedge fund? Thanks but no thanks. I'll stick with Vanguard.
by texasdiver
Wed Jan 21, 2015 4:34 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard too successful?
Replies: 13
Views: 2100

Re: Couples with two homes

I don't know the geography involved, but one possibility would be to buy your primary house where you actually want to live the majority of your time. Then buy a second home or condo that is in a marketable location to do an AIRB&B or VRBO type of short-term rental for the majority of time you a...
by texasdiver
Wed Jan 21, 2015 3:47 pm
 
Forum: Personal Consumer Issues
Topic: Couples with two homes
Replies: 11
Views: 1122

Re: Couples with two homes

Do your kids know you are planning on visiting them for "weeks or months" at a time? As the 50 year old "kid" on the other end of the equation with two sets of grandparents who like to visit from time to time I can tell you that visits from the parents that last longer than a cou...
by texasdiver
Wed Jan 21, 2015 3:09 pm
 
Forum: Personal Consumer Issues
Topic: Couples with two homes
Replies: 11
Views: 1122

Re: What will happen to international stocks if a Euro break

The top 10 stocks in Vanguard Total International are: 1 Nestle SA 2 Royal Dutch Shell plc 3 Novartis AG 4 Roche Holding AG 5 HSBC Holdings plc 6 Toyota Motor Corp. 7 Samsung Electronics Co. Ltd. 8 BHP Billiton 9 BP plc 10 Bayer AG Basically they are all companies that have a completely global reach...
by texasdiver
Wed Jan 21, 2015 2:53 pm
 
Forum: Investing - Theory, News & General
Topic: What will happen to international stocks if a Euro breakup?
Replies: 23
Views: 1555

Re: Figuring out my parent's retirement

2017 is only 2 years away. If they want to keep working because they basically enjoy it and like staying busy and being part of the working world then why not? The next two years will go fast, especially if they have retirement dates set. On the other hand, if work is a physical or mental burden and...
by texasdiver
Wed Jan 21, 2015 2:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Figuring out my parent's retirement
Replies: 15
Views: 1706

Re: Trying to understand index funds

Indexes are cheap because computers make the decision about which equities to purchase. You could theoretically set up any kind of index fund you wanted to track any sort of pre-established formula and it would be cheap to run. What makes actively managed funds expensive is that they hire whole team...
by texasdiver
Wed Jan 21, 2015 2:30 pm
 
Forum: Investing - Theory, News & General
Topic: Trying to understand index funds
Replies: 14
Views: 1187

Re: Supreme Court to hear fiduciary duty/high cost funds cas

Will this have any bearing on the claim (by MegaEmployer) that they are not "allowed" to offer, say, Institutional classes [lower ER classes] of Vanguard mutual funds because it would disproportionately benefit higher-paid employees? I'm sure I've seen others list their mutual funds avail...
by texasdiver
Wed Jan 21, 2015 2:17 pm
 
Forum: Investing - Theory, News & General
Topic: Supreme Court to hear fiduciary duty/high cost funds case
Replies: 19
Views: 2693

Re: What age did you hit $100,000?

After college I did the Peace Corps from age 24-26, worked on boats in Alaska for a few years between travel adventures, then went back to grad school from ages 29-31 and didn't get my first professional job with retirement accounts and such until age 31 when I started working for the Federal govern...
by texasdiver
Wed Jan 21, 2015 1:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: What age did you hit $100,000?
Replies: 68
Views: 5730

Re: Figuring out my parent's retirement

So if they are both on full SSDI right now, what would they be retiring from? You didn't mention any current employment. It sounds like a question of semantics or just making it "official."

Or is the question more along the lines of whether or not they need to go back to work?
by texasdiver
Wed Jan 21, 2015 1:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Figuring out my parent's retirement
Replies: 15
Views: 1706

Re: Figuring out my parent's retirement

Can you double dip and draw both SSDI and SS at the same time?
by texasdiver
Wed Jan 21, 2015 12:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Figuring out my parent's retirement
Replies: 15
Views: 1706

Re: How to Know You're Saving Enough?

Geez....when I was 28 I had a battered Toyota pickup, probably 10 grand to my name, and I was working on fishing boats in Alaska while applying to grad schools. I didn't actually have a job with a retirement account attached until age 31 and didn't own property until age 34. Aim to maximize your tax...
by texasdiver
Wed Jan 21, 2015 9:33 am
 
Forum: Personal Finance (Not Investing)
Topic: How to Know You're Saving Enough?
Replies: 24
Views: 3009

Re: Falling Short: Prescription to Save Retirement

A quote from the review of the article: Finally, the authors would like to reduce the amount of "leakage" from 401(k) plans; currently about 1.5% of 401(k) assets are withdrawn each year for reasons unrelated to retirement. Munnell, Ellis, and Eschtruth would end people's ability to make a...
by texasdiver
Wed Jan 21, 2015 9:26 am
 
Forum: Investing - Theory, News & General
Topic: Falling Short: Prescription to Save Retirement
Replies: 1
Views: 542

Re: extracting home equity on 2nd home during retirement

If you still plan to use the house for short-term visits every month or so then you might look into turning it into a VRBO or AIRBnB type of rental place if you can find someone local to do houskeeping between guests. You can block out all the dates you plan to use the place and then let it earn inc...
by texasdiver
Tue Jan 20, 2015 9:54 am
 
Forum: Personal Finance (Not Investing)
Topic: extracting home equity on 2nd home during retirement
Replies: 11
Views: 681

Re: Upgrade to New Home or Stay In Current House?

Yes you can easily afford it. If I'm doing the math correctly you're basically talking about putting $200,000 into a new home that will be the home you retire in and then exchanging your current mortgage for a nearly identical one. That is frankly not a very big deal compared to the resources you ha...
by texasdiver
Tue Jan 20, 2015 9:22 am
 
Forum: Personal Consumer Issues
Topic: Upgrade to New Home or Stay In Current House?
Replies: 14
Views: 1397

Re: What was your costliest investment mistake?

In 1995 I bought a new 27' SeaSport Sea Master cabin cruiser with a Volvo diesel outdrive to use as a dive boat in Alaska. By the time I was done I had well over 100 grand into it. Five years later I sold it to a charter boat fisherman in Sitka. I don't even want to think about what that boat cost m...
by texasdiver
Mon Jan 19, 2015 6:17 pm
 
Forum: Investing - Theory, News & General
Topic: What was your costliest investment mistake?
Replies: 119
Views: 9532

Re: Life-Teaching Topics for my Kids

Use of Excel to track stuff (camping/travel budget, savings,...) and solve problems. I love this idea. When I went to business school to pursue my MBA, I had never used Excel before. I felt quite foolish during the first group project when we were expected to use the program, and I did not know how...
by texasdiver
Mon Jan 19, 2015 5:50 pm
 
Forum: Personal Consumer Issues
Topic: Life-Teaching Topics for my Kids
Replies: 42
Views: 2701

Re: The "Less Than" a Million $ Club

My retired parents are in the same position. They have a paid for house in Oregon and happily live on the combination of their two social security checks and a small teacher's pension. They have IRAs in the high 6 figures that they basically don't ever touch except for the occasional international t...
by texasdiver
Mon Jan 19, 2015 5:34 pm
 
Forum: Personal Consumer Issues
Topic: The "Less Than" a Million $ Club
Replies: 70
Views: 9469

Re: spousal or partner frugality comparison poll

My wife and I are frugal in different ways. She rarely ever spends money on anything expensive or for the house but spends a lot on things like ebooks that I rarely do. And she buys the kids clothes. I spend on some expensive things we "need" like quality tools and and all the home improve...
by texasdiver
Mon Jan 19, 2015 11:22 am
 
Forum: Personal Finance (Not Investing)
Topic: spousal or partner frugality comparison poll
Replies: 18
Views: 1810

Re: Suze Orman: $100 into $860k, and cfiresim

I think $5/day is entirely reasonable. For many it is closer to $10. I teach at a HS and I see a lot of teachers who run out to the local fast food spots each day for lunch. There are about 20 restaurants within 3 minutes. The typical fast food meal with a drink and side is about $8. A whole bunch o...
by texasdiver
Mon Jan 19, 2015 10:57 am
 
Forum: Investing - Theory, News & General
Topic: Suze Orman: $100 into $860k, and cfiresim
Replies: 47
Views: 5097

Re: The DOW: An Index I Love to Hate

I just have VTSMX and VGTSX plugged into the splash screen on my iPhone. That tells me all I need to know. Actually I don't need to know it either because I never take action on anything I ever see in the markets but it is interesting to follow. I agree on the Dow. What I hate even more is when the ...
by texasdiver
Mon Jan 19, 2015 10:45 am
 
Forum: Investing - Theory, News & General
Topic: The DOW: An Index I Love to Hate
Replies: 27
Views: 1929

Re: Instant coffee

Everywhere one goes in Chile there is only one coffee available. Nescafe Clasico. It is a fine powder not the crystal chunks one sees with most instant coffees here. I never drink instant at home because I roast and brew my own coffee from green whole beans. But when in South America I have come to ...
by texasdiver
Mon Jan 19, 2015 10:36 am
 
Forum: Personal Consumer Issues
Topic: Instant coffee
Replies: 34
Views: 3325

Re: Convertible Car seat for toddler

Britax are the best by far. They are made to the much tougher European standards and have crash protection features like side impact protection that the cheap Chinese import models (Evenflo, Graco etc.) don't have because they are made for the US market. But the Britax seats are heavier and bulkier ...
by texasdiver
Mon Jan 19, 2015 10:25 am
 
Forum: Personal Consumer Issues
Topic: Convertible Car seat for toddler
Replies: 11
Views: 827

Re: "Wining and dining" in medical community

My wife is a family doc for a public clinic network. We do zero of it. What I do see to some extent in this fairly traditional southern town is that a lot of the wives of the older more established docs tend to do a lot of country club type socializing with the other "movers and shakers" i...
by texasdiver
Mon Jan 19, 2015 10:03 am
 
Forum: Personal Consumer Issues
Topic: "Wining and dining" in medical community
Replies: 35
Views: 3490

Re: Benefits of Second Home

I would love a second home/cabin in the country. Unfortunately my wife's entire family lives in Chile and my entire family lives in the Pacific Northwest so at least 50% of our available time off is spent flying down to South America or out to the west coast. Not that it is a bad thing. Her family h...
by texasdiver
Sat Jan 17, 2015 3:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Benefits of Second Home
Replies: 35
Views: 3167

Re: Tony Robbins & Indexed Annuities

As I've alluded to elsewhere, after extensively studying the pro's and con's of putting money into an annuity, the only thing I can say about annuities is that they are the pink slime of the investment universe. IMHO, Robbins is a self promoting con artist extra-ordinaire. I tend to agree. The one ...
by texasdiver
Sat Jan 17, 2015 3:11 pm
 
Forum: Investing - Theory, News & General
Topic: Tony Robbins & Indexed Annuities
Replies: 7
Views: 1181

Re: Custom branded USB flash drive

How many are you trying to buy? They are already pretty cheap on amazon and frankly going the way of the zip drive as people move to cloud storage.
by texasdiver
Sat Jan 17, 2015 10:01 am
 
Forum: Personal Consumer Issues
Topic: Custom branded USB flash drive
Replies: 4
Views: 804

Re: Biking in So. California

If you already need to rent bikes and find lodging you might find it more convenient to hook up with a package tour that provides bikes and lodging. I bet there are a lot of guided bike tour options in the SoCal area.
by texasdiver
Fri Jan 16, 2015 1:34 pm
 
Forum: Personal Consumer Issues
Topic: Biking in So. California
Replies: 9
Views: 790

Re: Options for calling the U.S. from International ?

I find that the more time goes by the less I have to ever actually make international voice calls. Email, free international text messaging apps like WhatsApp and things like FaceTime on the iPhone and iPad are all we ever really use for international communication these days. My kids don't bother t...
by texasdiver
Fri Jan 16, 2015 12:07 pm
 
Forum: Personal Consumer Issues
Topic: Options for calling the U.S. from International ?
Replies: 31
Views: 1353

Re: Target Retirement Funds; 403(b) and Roth IRA

Is your 403(b) Administered by Vanguard (i.e. do you go to the Vanguard web site to see account balances or to some other firm's web site to see your Vanguard fund holdings?) Vanguard has two share classes available to the ordinary investor: Investor Shares and Admiral Shares. Admiral Shares have sl...
by texasdiver
Fri Jan 16, 2015 11:47 am
 
Forum: Investing - Help with Personal Investments
Topic: Target Retirement Funds; 403(b) and Roth IRA
Replies: 4
Views: 504

Re: Confused by Wiki Advice on HSA Spending

HSA USED AS A STEALTH IRA. This is what I do with any HSA funds that don't get spent during emergencies which so far is all of them. Contributions are pre-tax. Ongoing medical expenses are paid out of pocket and documented. The money accumulates tax free until age 59.5 at which point it can be with...
by texasdiver
Fri Jan 16, 2015 9:06 am
 
Forum: Investing - Theory, News & General
Topic: Confused by Wiki Advice on HSA Spending
Replies: 26
Views: 3204

Re: Rental Car Driver Not Authorized

Isn't the whole point of offering up various options, including the notion of authorizing drivers, all about another way the rental companies can charge you some fee? Yes. Also, of course, all the rules provide easy justification for denying claims should you ever violate any of the terms of the co...
by texasdiver
Thu Jan 15, 2015 7:28 pm
 
Forum: Personal Consumer Issues
Topic: Rental Car Driver Not Authorized
Replies: 36
Views: 3263

Re: High Net Worth Investing

I tend to think that the kinds of world events that would wipe out a conservative, well diversified, international portfolio in the 8 figures would be the kinds of world events that would wipe out most everything else that constitutes modern civilization. At that point one's portfolio of human capit...
by texasdiver
Thu Jan 15, 2015 7:08 pm
 
Forum: Investing - Theory, News & General
Topic: High Net Worth Investing
Replies: 84
Views: 10811

Re: Confused by Wiki Advice on HSA Spending

Here is how I see the possible ways of using an HSA HSA USED FOR ONGOING MEDICAL EXPENSES: This is the intended use of an HSA. Contributions are pre-tax. Ongoing medical expenses are paid out of the HSA so are in effect tax deducible. It works basically the same as a cafeteria plan with less paperwo...
by texasdiver
Thu Jan 15, 2015 3:58 pm
 
Forum: Investing - Theory, News & General
Topic: Confused by Wiki Advice on HSA Spending
Replies: 26
Views: 3204
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