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Re: Computer codes availability at indep. repair garages?

Yes, some of that covers overhead like rent, tooling, training, oil disposal, etc; this is how a business works. If your shop is charging less as a loss leader to get in the door then they are under pressure to "up-sell" you and everybody else on different repairs that may or may not be n...
by tibbitts
Mon Oct 20, 2014 8:58 am
 
Forum: Personal Consumer Issues
Topic: Computer codes availability at indep. repair garages?
Replies: 42
Views: 1743

Re: Need advice: retired, now return to work FT at same empl

So, the employer has maintained that you'll receive benefits as a new employee would? I guess I would have assumed otherwise. It's certainly reasonable to try to negotiate for better, but, except at higher levels in the organization, some policies in larger companies are pretty much set in stone. M...
by tibbitts
Sun Oct 19, 2014 3:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need advice: retired, now return to work FT at same employer
Replies: 17
Views: 1256

Re: Need advice: retired, now return to work FT at same empl

So, the employer has maintained that you'll receive benefits as a new employee would? I guess I would have assumed otherwise. It's certainly reasonable to try to negotiate for better, but, except at higher levels in the organization, some policies in larger companies are pretty much set in stone. Ma...
by tibbitts
Sat Oct 18, 2014 12:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need advice: retired, now return to work FT at same employer
Replies: 17
Views: 1256

Re: Are Vanguard's target-retirement funds too aggressive?

Well, we've gone from a debate between fixed 50/50 or 60/40 for everybody vs. age in bonds, to age-10, then to age-20, and now we have these TR allocations. Certainly VG made a huge revision to the the TR allocations to make them more aggressive. I seem to recall that happening at pretty much the wo...
by tibbitts
Fri Oct 17, 2014 7:40 pm
 
Forum: Investing - Theory, News & General
Topic: Are Vanguard's target-retirement funds too aggressive?
Replies: 24
Views: 1689

Re: How did you get from $1M to $10M

I am at $1M net worth. I have no plans of stopping here and next goal is $10M. I want to hear from people how they reached that level. I trust Brian Tracy "Your first million is the hardest, next 99 is inevitable". Did you just use the same investing strategy post $1M mark? Did you seek a...
by tibbitts
Thu Oct 16, 2014 7:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: How did you get from $1M to $10M
Replies: 46
Views: 3967

Re: Dry Powder

Couple of months back I started a couple of discussions on having Cash as a targeted allocation in the portfolio for SOLE purpose of buying in dips. This does not apply to the bucket approach where retirees have a portion in Cash/ST instruments to withstand market drops (For example, having one yea...
by tibbitts
Thu Oct 16, 2014 8:55 am
 
Forum: Investing - Theory, News & General
Topic: Dry Powder
Replies: 49
Views: 3453

Re: Teaching A Class, What Investment Advice Do I Give?

Since you are teaching a structured class, I am not sure if you would be allowed to differ much from Dave's materials. It would almost be like changing his message, like putting the baby steps in different order, or skipping one or something. You do have some responsibility to the material I believ...
by tibbitts
Wed Oct 15, 2014 11:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Teaching A Class, What Investment Advice Do I Give?
Replies: 19
Views: 1557

Re: Roll Over Old TIAA CREF Account?

Nobody knows what the terms of your TIAA contract is. Nobody knows how much money you have invested in TIAA or how big a percentage of your investments that represents. Nobody can make very useful comments without knowing that. Given that, if you have access to a 3% or more Traditional account, put ...
by tibbitts
Wed Oct 15, 2014 7:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roll Over Old TIAA CREF Account?
Replies: 15
Views: 759

Re: Why Are Expected Investment Returns So Low?

Absolute % of returns don't matter. What matters is "returns MINUS inflation rate" for the things that you intend on using money for. Yes, but almost the entire thread has been about real returns. Are you referring to what you a difference in "official" vs. personal inflation ra...
by tibbitts
Wed Oct 15, 2014 8:47 am
 
Forum: Investing - Theory, News & General
Topic: Why Are Expected Investment Returns So Low?
Replies: 13
Views: 1615

Re: Teaching A Class, What Investment Advice Do I Give?

I think you can point them to VG, this forum, or some other source for specific advice, but I don't think the context of the class is appropriate for providing direct, specific financial advice to individuals.
by tibbitts
Tue Oct 14, 2014 11:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Teaching A Class, What Investment Advice Do I Give?
Replies: 19
Views: 1557

Re: What if I make a mistake in choosing IRA

Unless you fall into some obvious category (50% marginal tax rate, 0% marginal tax rate), or have other tax-deferred accounts (401k), put 50% of your annual contribution into each type of IRA, and call it "tax strategy diversification." If you contribute to other deferred accounts (401k), ...
by tibbitts
Tue Oct 14, 2014 8:52 am
 
Forum: Investing - Help with Personal Investments
Topic: What if I make a mistake in choosing IRA
Replies: 9
Views: 666

Re: Should your AA change based on World Events?

SuperSaver wrote:After hearing about Europe's long-term economy being down-graded, I'm thinking about tilting more to US 60/40. This seems reasonable, especially if smarter people than me predicting about a lost-decade abroad.
Thoughts?

Not even close to reasonable.
by tibbitts
Mon Oct 13, 2014 7:11 pm
 
Forum: Investing - Theory, News & General
Topic: Should your AA change based on World Events?
Replies: 22
Views: 1361

Re: Credit Card Issue

My goal these days is to never talk with anyone at a financial institution. I've found their computers to be more accurate and friendly than their people. I've had Chase rewards cards for about 10 years now and I'm pretty sure I'm close to scoring 100% towards meeting that goal. Unfortunately I'm n...
by tibbitts
Mon Oct 13, 2014 8:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Credit Card Issue
Replies: 26
Views: 1820

Re: Avoid logging into brokerage account

From a security or error-correction standpoint it's probably a bad idea to avoid viewing your accounts. It can be more difficult to fix something if you say "well, something happened that shouldn't have during the last six or eight or ten months" than if you report it much closer to the oc...
by tibbitts
Mon Oct 13, 2014 8:42 am
 
Forum: Investing - Theory, News & General
Topic: Avoid logging into brokerage account
Replies: 17
Views: 1693

Re: New tires, where to buy

I bought my last set of tires from tirebuyer.com (a tirerack competitor). I guess I don't see that there is any extra effort there is in buying tires online. I placed my order, had them shipped to a garage two block from my office, I drop off the car and walk over and pick it up a couple of hours l...
by tibbitts
Sun Oct 12, 2014 9:35 pm
 
Forum: Personal Consumer Issues
Topic: New tires, where to buy
Replies: 36
Views: 2532

Re: Buy a new car, or fix the old one?

i would get a new car if it isn't a financial burden. You've gotten a good value in nine years, and you can't take your $$ with you after you die. It would be reasonable to go with a new car or, even better, a 1 year old preowned one. I think a lot of forum members are way too conservative (maybe &...
by tibbitts
Sun Oct 12, 2014 6:44 pm
 
Forum: Personal Consumer Issues
Topic: Buy a new car, or fix the old one?
Replies: 55
Views: 2895

Re: Portfolio Question - 457 Plan with High Expense Ratios?

Good info. For such Stable Value Funds, the 1-year return matters; that is what they promise to pay. A return of 1.86% (assuming it is net of expenses) is not so good. Sometimes those can be return 3% or more, and so they certainly can be used as a bond portion. Bogleheads, could you please weigh i...
by tibbitts
Sun Oct 12, 2014 6:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Question - 457 Plan with High Expense Ratios?
Replies: 16
Views: 1077

Re: Stable Income Fund vs. Total Bond Market

Well, the percent yield will immediately increase, but it seems that the dollars paid out every month won't until the fund composition changes. So if you measure "yield" by how much income you receive, as many people do, the "higher yield" you get right away won't help much in t...
by tibbitts
Sun Oct 12, 2014 4:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Stable Income Fund vs. Total Bond Market
Replies: 32
Views: 2131

Re: Credit Card Issue

My goal these days is to never talk with anyone at a financial institution. I've found their computers to be more accurate and friendly than their people. I've had Chase rewards cards for about 10 years now and I'm pretty sure I'm close to scoring 100% towards meeting that goal. Unfortunately I'm n...
by tibbitts
Sun Oct 12, 2014 3:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit Card Issue
Replies: 26
Views: 1820

Re: Credit Card Issue

My goal these days is to never talk with anyone at a financial institution. I've found their computers to be more accurate and friendly than their people. I've had Chase rewards cards for about 10 years now and I'm pretty sure I'm close to scoring 100% towards meeting that goal. Unfortunately I'm n...
by tibbitts
Sun Oct 12, 2014 3:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit Card Issue
Replies: 26
Views: 1820

Re: Buy a new car, or fix the old one?

You can't "call around" for estimates because you don't know what the exact problem is or solution would be. Which brings up one of the problems of an older car: the amount of your time and energy they consume. Unless you have an absolutely trustworthy and inexpensive source of repair, or ...
by tibbitts
Sun Oct 12, 2014 2:26 pm
 
Forum: Personal Consumer Issues
Topic: Buy a new car, or fix the old one?
Replies: 55
Views: 2895

Re: Repair Van or buy new Van/SUV?

Understand that if you buy the part yourself you're taking the risk that if something goes wrong, you'll be on the hook for the labor to re-do the repair. I had a fairly expensive repair done once, where the vast majority of the cost was labor. A $12 part failed (might have been $8 if I'd bought it ...
by tibbitts
Sun Oct 12, 2014 12:01 pm
 
Forum: Personal Consumer Issues
Topic: Repair Van or buy new Van/SUV?
Replies: 20
Views: 1425

Re: Best solution for clouded auto headlight lens?

I think the problem is model-specific. I have a 4yr old car (with 3yr warranty of course) where after 3.5 years the clearcoat started peeling off the lenses. I believe the clearcoat has UV protection in it as well. The lenses are getting cloudy where there's no clearcoat, and are like new everywhere...
by tibbitts
Sun Oct 12, 2014 11:28 am
 
Forum: Personal Consumer Issues
Topic: Best solution for clouded auto headlight lens?
Replies: 31
Views: 2666

Re: Stable Income Fund vs. Total Bond Market

This is wrong: the yield of the fund will increase instantly without any bonds needing to be replaced. The yield-to-maturity figures of component bonds jump to match the market yield; the component you're missing is capital gains as bonds regain lost market value the more they approach maturity, co...
by tibbitts
Sat Oct 11, 2014 8:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Stable Income Fund vs. Total Bond Market
Replies: 32
Views: 2131

Re: Stable Income Fund vs. Total Bond Market

My own SV is at 2.0%, so not that easy a call either (with easy for me being closer to 3%.) I'd either go entirely with the 1.72%, or split the investments between both choices.
by tibbitts
Sat Oct 11, 2014 3:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Stable Income Fund vs. Total Bond Market
Replies: 32
Views: 2131

Re: Recommend a NAS HD

Dropbox is a possibility that I wasn't considering before, it seems prices keep dropping on that storage. I'm not sure how a separate computer would be better than a NAS; they seem to cost more, have less space, and aren't optimized out of the gate for network; if you could clarify how one is bette...
by tibbitts
Sat Oct 11, 2014 1:12 pm
 
Forum: Personal Consumer Issues
Topic: Recommend a NAS HD
Replies: 17
Views: 789

Re: it will take me about 38 years to reach $1M at this rate

I had a late start.. i am 40. its been about 9 months since i opened a Roth account with vanguard(VASGX). i figured If i invest $5,500 every year and earn, say, 7% annually, I would have a balance of just over $1 million in roughly 38 years :oops: . Stay the course everyone says. Given these volati...
by tibbitts
Sat Oct 11, 2014 12:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: it will take me about 38 years to reach $1M at this rate
Replies: 25
Views: 3128

Re: I want to start to investing for my wife

You don't say what funds are available or what the expenses are, so you're not going to get very useful responses. After your wife reads that you'll be "investing for her", you might post your symptoms so the medical professionals on the forum can suggest drugs to lessen the pain during yo...
by tibbitts
Fri Oct 10, 2014 8:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: I want to start to investing for my wife
Replies: 11
Views: 976

Re: New tires, where to buy

I don't think tirerack is worth the effort for most tires for typical cars. Although I used to buy the least expensive tires, I'm not sure it's worth saving a couple of hundred dollars not to buy better tires, even for what you're currently planning to be just a year. It depends partly on the condit...
by tibbitts
Fri Oct 10, 2014 7:49 pm
 
Forum: Personal Consumer Issues
Topic: New tires, where to buy
Replies: 36
Views: 2532

Re: New 2% cash back Mastercard from Citi

Anyone who just got this card and did not get an offer for a bonus $200 back after spending $1,000 in 90 days should send a message to Citi. I just messaged them and got this offer. :sharebeer From Citi: We received your request to apply the new account offer to your existing account. Unfortunately...
by tibbitts
Thu Oct 09, 2014 12:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: New 2% cash back Mastercard from Citi
Replies: 232
Views: 26929

Re: Poor mans portfolio

Toto 238, If I did that and say the fund had went up a fair amount, then sold it to split it up among the individual funds, wouldn't I be selling the lower priced fund shares then buying all of them back at a higher price? Yes, but that in itself doesn't matter, unless you mean you'd be paying taxe...
by tibbitts
Tue Oct 07, 2014 7:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Poor mans portfolio
Replies: 19
Views: 1697

Re: Poor mans portfolio

You don't say what employer options you have, or what match if any the employer provides. In terms of non-employer plans, it was only a short time ago that there were no significantly lower expense ratio funds available than .18%-ish, and even when admiral funds became available, they typically had ...
by tibbitts
Tue Oct 07, 2014 7:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Poor mans portfolio
Replies: 19
Views: 1697

Re: What evidence would prove the Boglehead mentality wrong?

Sure it takes some time to figure out what is "high" and what is "low" and what is "fear" and what is "greed", and it needs to be put into an integrated plan that accounts for risk tolerance, etc., but it's a very profitable line of pursuit. Fear and greed do...
by tibbitts
Sun Oct 05, 2014 10:34 pm
 
Forum: Investing - Theory, News & General
Topic: What evidence would prove the Boglehead mentality wrong?
Replies: 212
Views: 15230

Re: Voluntarily Declining Pay Raise

The company recently declared that ALL exempt employees must work 1 hour a day with no pay. Why? Because, they say that everyone does. In my 35 years of working in exempt positions, I've never seen this. The one job where I had to put in 9 hours a day was a strong union shop where even as a non uni...
by tibbitts
Sun Oct 05, 2014 11:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Voluntarily Declining Pay Raise [Minimum work 1 hour / day]
Replies: 7
Views: 465

Re: Voluntarily Declining Pay Raise

Consider: Unless you've a employment contract, are a owner, a co. owner, self-employed or there are union contract onsiderations, your a day laborer, 30+ yrs or not. Your employment is not guaranteed in reality*. This. But IMHO a reasonable alternative to a pay rise is more vacation days. Which, if...
by tibbitts
Sun Oct 05, 2014 9:02 am
 
Forum: Personal Finance (Not Investing)
Topic: Voluntarily Declining Pay Raise
Replies: 43
Views: 4113

Re: Why not 100% Stocks?

Every time we have one of these discussions it comes down to risk tolerance. The key is to understand yours and not to think everyone has the same level. You also need to determine how likely your worse case scenario could happen, what the implications mean for the economy and does that make sense ...
by tibbitts
Sun Oct 05, 2014 8:38 am
 
Forum: Investing - Theory, News & General
Topic: Why not 100% Stocks?
Replies: 270
Views: 19216

Re: Three fund allocation per Vanguard Flagship CFP?

I will try to stay on the topic of my original post. Spoke with a close friend who also sold their home this year. They are 64 and planning to retire in 5 years and want to increase retirement assets. They currently have $150K in IRA at Fidelity. They deposited $700,000 into Vanguard taxable accoun...
by tibbitts
Sat Oct 04, 2014 4:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Three fund allocation per Vanguard Flagship CFP?
Replies: 45
Views: 4624

Re: I am surely doing something wrong (FireCalc question)

I think so far the most impactful learning from this exercise for me, is what a ginormous difference taxes make. And how sad I am, that apparently we cannot put any in a Roth because of income limits (I just googled that, so please let me know if I'm wrong). I have one, from nearly 20 years ago, bu...
by tibbitts
Sat Oct 04, 2014 3:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: I am surely doing something wrong (FireCalc question)
Replies: 45
Views: 3964

Re: Three fund allocation per Vanguard Flagship CFP?

It is interesting that Vanguard did not recommend their new Total International Bond Fund or TIPS. Yes. I'd love to know just how Vanguard CFPs are trained, how much personal discretion they have in their recommendations, and to what extent Vanguard requires them to follow the "party line.&quo...
by tibbitts
Sat Oct 04, 2014 12:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Three fund allocation per Vanguard Flagship CFP?
Replies: 45
Views: 4624

Re: Voluntarily Declining Pay Raise

Don walking around the office asking if people received raises makes no sense, since he already knew. In any case had to know that discussing in front of multiple employees that some employees would get raise next year and (by omission) some wouldn't would be damaging. Something else must be going o...
by tibbitts
Sat Oct 04, 2014 11:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Voluntarily Declining Pay Raise
Replies: 43
Views: 4113

Re: Voluntarily Declining Pay Raise

You should accept whatever increase you receive. These days many people receive no increases, even cola increases, for many years, so they effectively earn less every year. Ironically, everybody at your company - even Angela - would probably have been (fairly) happy if there had been no salary incre...
by tibbitts
Sat Oct 04, 2014 11:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Voluntarily Declining Pay Raise
Replies: 43
Views: 4113

Re: Chase Ultimate Rewards Program

It's not even possible to sit in a coach class seat without your knees hitting the seat in front of you - and that's with the seat in front fully upright. It's worse when that seat is reclined. I've never had a problem with legroom in coach, of course I have seen some tall people who are cramped. I...
by tibbitts
Sat Oct 04, 2014 10:37 am
 
Forum: Personal Consumer Issues
Topic: Chase Ultimate Rewards Program
Replies: 27
Views: 6087

Re: What will you do during the next crash?

Just ride it out, dump as much as you can into the S&P, buy inverse market stocks? Im curious to see how people handle recessions Also is there a way to place some protection on your investments? like can you set up an automatic trade if the market goes below say 9-10% for example? I mostly rod...
by tibbitts
Sat Oct 04, 2014 9:04 am
 
Forum: Investing - Theory, News & General
Topic: What will you do during the next crash?
Replies: 63
Views: 4001

Re: Repair Van or buy new Van/SUV?

I'm skeptical of the "local mechanic" savings reported here, based on personal experience. I've tended to find 10% or 15% savings vs. a dealer. Note that I'm referring to full-service, established local mechanics, with a clean and modern facility, multiple bays, etc. Maybe one of the equal...
by tibbitts
Fri Oct 03, 2014 9:14 pm
 
Forum: Personal Consumer Issues
Topic: Repair Van or buy new Van/SUV?
Replies: 20
Views: 1425

Re: Looking for advice- Already Retired.

I want to thank you all for your responses. I've given it a lot of thought, and I would be more comfortable tamping down risk. I'm liking the simple "three fund" portfolio. Now a question, if I sell all my holdings, what would be the best way to transition into the "three funds"...
by tibbitts
Fri Oct 03, 2014 8:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Looking for advice- Already Retired.
Replies: 19
Views: 2425

Re: Changing a flight date

Are you comparing direct flights? In my experience they are significantly more competitive on their direct flight options. I don't check other airlines much unless SW doesn't fly there because my wife flys free with on southwest since we received the companion pass. I'm not sure what the average nu...
by tibbitts
Fri Oct 03, 2014 8:19 pm
 
Forum: Personal Consumer Issues
Topic: Changing a flight date
Replies: 24
Views: 1556

Re: Changing a flight date

Fly Southwest from Atl - Den. Direct flights are cheaper no baggage fees can cancel risk free anytime prior to flight time all 737 with generally very acceptable seat sizes and spacing Can pay fee to board closer to the front of the pack if seat selection is important. Not sure why anyone would fly...
by tibbitts
Fri Oct 03, 2014 12:35 pm
 
Forum: Personal Consumer Issues
Topic: Changing a flight date
Replies: 24
Views: 1556

Re: American Funds

Thanks for the quick reply. Yes, that is kind of the general consensus I am getting, you bring most of the ingredients, they take too much of the pie. I am still late 30s so (unfortunately!) have some time where it definitely matters. So can he literally pick up the phone and call, say Vanguard or ...
by tibbitts
Thu Oct 02, 2014 6:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: American Funds
Replies: 15
Views: 1431

Re: Bogleheads, help me be less afraid of international stoc

Okay, so I'm not really afraid of international stocks; I'm afraid of the Eurozone and Japan, which make up the biggest chunks of Total International Stock Market Index. Surely you feel the US has many of the same problems as the EZ and Japan, so you're equally reluctant to invest in the US? Not re...
by tibbitts
Tue Sep 30, 2014 9:25 pm
 
Forum: Investing - Theory, News & General
Topic: Bogleheads, help me be less afraid of international stocks
Replies: 53
Views: 3686

Re: Lakefront property with small children?

"Lakefront" is a very generic term. Some properties have more potentially dangerous characteristics than others, and dangerous characteristics can be mitigated to varying degrees. Overall I'm surprised at the number of replies saying that they'd avoid seemingly any type of lakefront proper...
by tibbitts
Tue Sep 30, 2014 7:44 pm
 
Forum: Personal Consumer Issues
Topic: Lakefront property with small children?
Replies: 44
Views: 2105
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