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Re: Car Accident Responsibility for Borrowed Cars

I don't blame them at all for not wanting to answer "what if" questions. Say, later something similar but not exact happens, then it's, "well, you said..." I am not in the insurance biz, so I don't know for sure. But, I would look at it like, your car and your insurance is likel...
by tibbitts
Mon Sep 22, 2014 6:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Car Accident Responsibility for Borrowed Cars
Replies: 13
Views: 871

Re: Advice for student buying cheap used car

You'd get much more informative responses if you discussed your daughter and her requirements for a vehicle in your post. (Seemingly) arbitrarily starting out by narrowing your selection to certain makes/models, ages, and mileage ranges probably isn't the best approach.
by tibbitts
Mon Sep 22, 2014 6:27 pm
 
Forum: Personal Consumer Issues
Topic: Advice for student buying cheap used car
Replies: 25
Views: 1216

Re: After Surgery, $117,000 Bill for Doctor He Didn't Know

This has been discussed extensively for the past two days in "how to prevent medical expense catastrophe?"

Summary: you can't do anything to prevent this from happening to you.
by tibbitts
Mon Sep 22, 2014 8:36 am
 
Forum: Personal Consumer Issues
Topic: After Surgery, $117,000 Bill for Doctor He Didn't Know
Replies: 2
Views: 1193

Re: how to prevent medical expense catastrophe?

This problem could be avoided with an HMO which operates their own facilities, such as Kaiser, which operates in many parts of the country. If you're in a Kaiser plan and you need emergency services outside your local area, Kaiser generally covers it the same as if it was a Kaiser facility. If Kais...
by tibbitts
Sun Sep 21, 2014 10:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: how to prevent medical expense catastrophe?
Replies: 138
Views: 5303

Re: Critique my thoughts on Real Estate Investing

I am currently considering investing approximately 30% of my portfolio into real estate. Most would be tangible, specifically duplexes (or some other multifamily residence) or inexpensive (sub $150k) single family homes. I would increase liquidity and diversification with some REIT holdings as well...
by tibbitts
Sun Sep 21, 2014 7:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Critique my thoughts on Real Estate Investing
Replies: 17
Views: 1107

Re: how to prevent medical expense catastrophe?

There is no way to make this work in our current system. And with HUNDREDS of insurance plans out there, how on earth do you expect a hospital to find a full menu of doctors that are in-network with all the exact same plans as the hospital? Let me flip the question around somewhat, and try to get s...
by tibbitts
Sun Sep 21, 2014 6:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: how to prevent medical expense catastrophe?
Replies: 138
Views: 5303

Re: how to prevent medical expense catastrophe?

The article (and the comments) also cited similar tales many of which required the hapless patient to pay big bills they had not been expecting. Once you are in the hospital, especially if you are unconscious in the OR, there is really nothing you can do to make sure that your care will be covered ...
by tibbitts
Sun Sep 21, 2014 5:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: how to prevent medical expense catastrophe?
Replies: 138
Views: 5303

Re: how to prevent medical expense catastrophe?

If you have insurance with maximum out of pocket, is this a problem? As far as I know, nobody has insurance with an out-of-network, out-of-pocket maximum that I know of. Everything out-of-network is based on "reasonable and customary" charges. There is nothing to prevent a provider for ch...
by tibbitts
Sun Sep 21, 2014 4:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: how to prevent medical expense catastrophe?
Replies: 138
Views: 5303

Re: how to prevent medical expense catastrophe?

The article (and the comments) also cited similar tales many of which required the hapless patient to pay big bills they had not been expecting. Once you are in the hospital, especially if you are unconscious in the OR, there is really nothing you can do to make sure that your care will be covered ...
by tibbitts
Sun Sep 21, 2014 4:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: how to prevent medical expense catastrophe?
Replies: 138
Views: 5303

Re: What evidence would prove the Boglehead mentality wrong?

What would prove the philosophy wrong would be the default economic result changing from success to failure for a long enough period. Everything we do is based on positive returns from various markets over 20, 30, 50... some number of years. Let's say markets give 7% over an investing lifetime. The ...
by tibbitts
Sat Sep 20, 2014 5:12 pm
 
Forum: Investing - Theory, News & General
Topic: What evidence would prove the Boglehead mentality wrong?
Replies: 109
Views: 7492

Re: Vanguard SV/SG funds vs. CRSP indexes

I believe in indexing and I believe in small value tilting but as one can see both "indexing" and "value" are in the eye of the beholder. If an index fund keeps switching the index that it tracks, is it really indexey? And of course I have read good threads that question how val...
by tibbitts
Sat Sep 20, 2014 12:30 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard SV/SG funds vs. CRSP indexes
Replies: 7
Views: 628

Re: When did you feel "Out of the Woods"?

Very few people ever feel "out of the woods" financially until they're near death. A larger percentage of bogleheads may get to that point vs. the general population, but you have to remember that many wouldn't have gotten to that point without considerable headwinds that you may not exper...
by tibbitts
Sat Sep 20, 2014 12:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: When did you feel "Out of the Woods"?
Replies: 42
Views: 5232

Re: Any success stories of ppl who never made >$50,000?

Maybe we need to reset this thread and specify $50k income in 2014 dollars, because obviously we're getting responses about cases of never earning more than $50k, back when $50k was a very, very generous income. And we need to decide if it's $50k personal income, maybe x2, or the approximately-avera...
by tibbitts
Tue Sep 16, 2014 7:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Any success stories of ppl who never made >$50,000?
Replies: 149
Views: 9890

Re: WA state Teacher Retirement System questions

If WA is well funded, why the employee contribution is increasing from 4.96% to 5.95%? This concerns me. It may be that it's well funded because the employee contributions (and possibly the employer contributions) are increasing. Obviously there are other pensions plans that aren't increasing contr...
by tibbitts
Mon Sep 15, 2014 7:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: WA state Teacher Retirement System questions
Replies: 32
Views: 2218

Re: Car Advice: When to Replace?

The hatchback thing can be disappointing. In the old days, you had a lot of hatchback cars with the back door hinged almost halfway toward the front of the roof, making for a huge opening into the back of the car. You could carry many larger objects as long as you were willing to let most of them ha...
by tibbitts
Sun Sep 14, 2014 11:21 am
 
Forum: Personal Consumer Issues
Topic: Car Advice: When to Replace?
Replies: 37
Views: 2775

Re: WA state Teacher Retirement System questions

You said you like the 2% plan better. To support the pension, would you use traditional IRA for retirement savings? The three-legged stool of SS, DB with COLA, and individual savings (through IRA and/or taxable savings) provides a balanced approach to retirement that should prove satisfactory. Anot...
by tibbitts
Sat Sep 13, 2014 11:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: WA state Teacher Retirement System questions
Replies: 32
Views: 2218

Re: New Roof Needed Soon... Advice?

The nice thing about roofs -- everybody's got one. Every town has its good contractors and the other kind. Word of mouth is gold, and it's free. The good ones have predictable pricing, and they're never the cheapest. Remember -- every contractor is wary of new customers. There are good customers an...
by tibbitts
Sat Sep 13, 2014 1:12 pm
 
Forum: Personal Consumer Issues
Topic: New Roof Needed Soon... Advice?
Replies: 48
Views: 2979

Re: Glitchy Web-Browsing

How does your pc work on public internet? If it's ok, that might help isolate the problem (not as likely to be os or browser, for example.) It would also help to know how other computers work when they connect to your network. However, when you say that you "might need to update" your OS a...
by tibbitts
Sat Sep 13, 2014 12:37 pm
 
Forum: Personal Consumer Issues
Topic: Glitchy Web-Browsing
Replies: 21
Views: 997

Re: Feeling smug until 10 year ROR from Vanguard

My guess is that this calculation isn't actually the total return of the VG investments you've owned over the period. At least with the old 5yr limit, I was told by VG that, for example, investments you'd owned during the period but no longer existed, weren't used in the calculation. Even if the cal...
by tibbitts
Sat Sep 13, 2014 12:24 pm
 
Forum: Investing - Theory, News & General
Topic: Feeling smug until 10 year ROR from Vanguard
Replies: 78
Views: 7211

Re: Experience with financial planner, Bloomington IN?

It's a good idea not to get involved personally.

But I think you're far off in assuming a "modest" portfolio given the occupations you've stated, unless you mean modest by the inflated standards of this forum.
by tibbitts
Sat Sep 13, 2014 12:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Experience with financial planner, Bloomington IN?
Replies: 6
Views: 631

Re: BMW X3 vs Mercedes GLK350

Hi, My wife and I are looking to purchase a 'small luxury SUV" shortly. We prefer a non-leather seating option, so are limited to the BMW and Mercedes options with leatherette. We've narrowed down to the X3 and the GLK350 , and are having a tough time narrowing down between both. BMW includes ...
by tibbitts
Thu Sep 11, 2014 8:58 am
 
Forum: Personal Consumer Issues
Topic: BMW X3 vs Mercedes GLK350
Replies: 33
Views: 2644

Re: Why did REITs drop today?

Hello, I'm trying to figure out why REITs fell 1.58% today, even though the rest of the stock market did okay. Any ideas as to the reason behind this? Wouldn't you consider the fact that REITs sometimes move in the opposite direction to other equities an advantage to REITs? Being interest-rate-sens...
by tibbitts
Wed Sep 10, 2014 8:14 pm
 
Forum: Investing - Theory, News & General
Topic: Why did REITs drop today?
Replies: 26
Views: 4049

Re: Total World is 50% Intl?!

Vanguard Total World Stock ETF (.18% Expense Ratio) https://personal.vanguard.com/us/funds/snapshot?FundId=3141&FundIntExt=INT 50% North America 50% Intl :confused thought 20%-25% intl is the recommended allocation? An index fund doesn't know anything about what's recommended, it just holds sec...
by tibbitts
Tue Sep 09, 2014 6:38 pm
 
Forum: Investing - Theory, News & General
Topic: Total World is 50% Intl?!
Replies: 17
Views: 2195

Re: New 2% cash back Mastercard from Citi

I converted mine too, but was surprised to learn about the benefits the new card is missing compared to the old card. So much so that I'm thinking of taking advantage of the reconsideration period and reverting back to my old card. Then I might apply for a double reward card later, separately. Besid...
by tibbitts
Tue Sep 09, 2014 12:48 am
 
Forum: Personal Finance (Not Investing)
Topic: New 2% cash back Mastercard from Citi
Replies: 195
Views: 20241

Re: Why does the stock market "always go up"? Will this pers

Well, it's possible that the boglehead approach won't succeed as in the past, but that doesn't imply that some alternative strategy will, at least not in the aggregate. If we have a generally contracting world economy (due to reductions in world population, or other factors), then you might have a s...
by tibbitts
Sun Sep 07, 2014 11:50 pm
 
Forum: Investing - Theory, News & General
Topic: Why does the stock market "always go up"? Will this persist?
Replies: 42
Views: 3831

Re: Please help. Been here before but have been frozen

AlaskanWolf wrote:I'll look at them. I wonder if that during the last 6 months there might be different funds to invest in.

Nothing significant to your situation has happened in the fund world in the past 6 months, nor is anything likely to happen in the next 6 months, or even 6 years.
by tibbitts
Sun Sep 07, 2014 8:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Please help. Been here before but have been frozen
Replies: 9
Views: 1316

Re: Vanguard Lost $50k

The odds of an unacceptably resolved dispute appear to be 10%. Losing disputed funds forever would one of many possible outcomes that would constitute an unacceptable resolution to most people. The OP has $50k involved in his dispute. Therefore, the odds appear to be 10% of him experiencing an unac...
by tibbitts
Sun Sep 07, 2014 8:05 pm
 
Forum: Personal Consumer Issues
Topic: Vanguard Lost $50k
Replies: 103
Views: 10728

Re: V6 or V8 engine for new Chrysler 300

I am thinking about buying a Chrysler 300, which comes with either a V6 or V8 engine. The V8 costs a little more and uses a little more gas and I don't really need that extra power, but will the V8 last much longer than the V6? You might want to ask on a chrysler forum. I think durability depends o...
by tibbitts
Sun Sep 07, 2014 7:36 pm
 
Forum: Personal Consumer Issues
Topic: V6 or V8 engine for new Chrysler 300
Replies: 25
Views: 1679

Re: Money Matters with Ken Moraif

I've heard his radio program, and understand the appeal of his approach to the general public, particularly after two severe equity market downturns in the past 15 years. His market seems to be people who already have enough to retire even without any additional gains, but not enough to tolerate sig...
by tibbitts
Sun Sep 07, 2014 6:01 pm
 
Forum: Investing - Theory, News & General
Topic: Money Matters with Ken Moraif
Replies: 10
Views: 7623

Re: Vanguard Lost $50k

And here is the promised poll: Has a financial firm made a mistake with your money? Observation as of 7:30am pacific time the votes are that about 55% of the 85 survey participants HAVE had financial institutions make a mistake in their account. And of those that had mistakes, only ~10% were left w...
by tibbitts
Sun Sep 07, 2014 5:29 pm
 
Forum: Personal Consumer Issues
Topic: Vanguard Lost $50k
Replies: 103
Views: 10728

Re: Credit Card Account [Automatically Closed] due to inacti

Citi closed a reward card on me due to lack of use (I missed what was apparently the activity deadline by just a few months.) I've never had a problem with a company refusing to close a card. They may respond with an offer to keep the card open, although for a fee card they always say "what can...
by tibbitts
Sun Sep 07, 2014 4:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit Card Account [Automatically Closed] due to inactivity
Replies: 29
Views: 1924

Re: Vanguard Lost $50k

Missing 50k? I'd be packing a bag now and taking a drive to 100 Vanguard Drive,Malvern Pa. :happy Agree completely. Those that are minimizing this Vanguard situation seem like they are lost in a fog. This situation demands clarity. OP, push Vanguard hard to rectify this matter asap. You're confiden...
by tibbitts
Sun Sep 07, 2014 4:36 pm
 
Forum: Personal Consumer Issues
Topic: Vanguard Lost $50k
Replies: 103
Views: 10728

Re: Vanguard Lost $50k

And here is the promised poll: Has a financial firm made a mistake with your money? Observation as of 7:30am pacific time the votes are that about 55% of the 85 survey participants HAVE had financial institutions make a mistake in their account. And of those that had mistakes, only ~10% were left w...
by tibbitts
Sun Sep 07, 2014 4:28 pm
 
Forum: Personal Consumer Issues
Topic: Vanguard Lost $50k
Replies: 103
Views: 10728

Re: Vanguard Lost $50k

And here is the promised poll: Has a financial firm made a mistake with your money? Observation as of 7:30am pacific time the votes are that about 55% of the 85 survey participants HAVE had financial institutions make a mistake in their account. And of those that had mistakes, only ~10% were left w...
by tibbitts
Sun Sep 07, 2014 11:12 am
 
Forum: Personal Consumer Issues
Topic: Vanguard Lost $50k
Replies: 103
Views: 10728

Re: Vanguard Lost $50k

And then it's only about 1% of your assets at Vanguard. You should be proud that it really doesn't matter in the end what happens to this $50K. Really. Net worth is irrelevant here. The bottom line is they somehow managed to misplace 50k and don't appear to be in any hurry to resolve it. OP has eve...
by tibbitts
Sat Sep 06, 2014 11:20 pm
 
Forum: Personal Consumer Issues
Topic: Vanguard Lost $50k
Replies: 103
Views: 10728

Re: Vanguard Lost $50k

Threatening to no longer do business with vg or a restuarent that screwed something up or a dry cleaner etc etc doesn't help yourself. Think about it from their side. If you say you will never do business with them again - what is their incentive to resolve the problem. You said you were gone alrea...
by tibbitts
Sat Sep 06, 2014 7:53 pm
 
Forum: Personal Consumer Issues
Topic: Vanguard Lost $50k
Replies: 103
Views: 10728

Re: Vanguard Lost $50k

This is outrageous. VG needs to be explaining to you constantly exactly what they're doing to resolve the problem, to whatever level of detail you're interested in knowing. They need to work on your problem 24/7, until it's resolved.
by tibbitts
Sat Sep 06, 2014 7:43 pm
 
Forum: Personal Consumer Issues
Topic: Vanguard Lost $50k
Replies: 103
Views: 10728

Re: A Low-Return Future? Are We Prepared?

The point is a decade of low returns is no big deal. They have happened in the past and will happen in the future. Exactly. Didn't we just have a "lost decade"? Yet, somehow we're all immensely richer just a couple years after that. No, we're not better off. The last I checked the statist...
by tibbitts
Wed Sep 03, 2014 12:05 am
 
Forum: Investing - Theory, News & General
Topic: A Low-Return Future? Are We Prepared?
Replies: 189
Views: 12158

Re: Do I need bonds?

I'll say zero bonds might be ok for you, since you seem to be essentially asking permission. You say you can cover 25% of expenses, so I'll assume (ok, maybe a bit of a jump) more like 50% of non-discretionary and non-job-related expenses. As long as you're covered for disability, you should be ok, ...
by tibbitts
Tue Sep 02, 2014 7:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do I need bonds?
Replies: 43
Views: 2730

Re: How to become a millionaire retiree -- then and now

Also, Ideally most people's income rises as they get more experience and promotions. That makes saving even easier. That's the biggest change I've seen during the past thirty-plus years. Salaries now grow more slowly, if at all, and top out much sooner, for the typical person, than before. It used ...
by tibbitts
Sun Aug 31, 2014 9:42 pm
 
Forum: Investing - Theory, News & General
Topic: How to become a millionaire retiree -- then and now
Replies: 67
Views: 9883

Re: IRS letter claiming return is late - anyone experience t

This falls into the category of what we called chicken**** where I grew up. Call up your congressman's office and complain through them. I used to work for the government, (not the IRS), and inquiries from congressional and senate offices on behalf of clients got special attention with special tags...
by tibbitts
Sun Aug 31, 2014 5:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: IRS letter claiming return is late - anyone experience this?
Replies: 48
Views: 6208

Re: Why invest in bonds?

Were you also making this argument in, say, 2007?
by tibbitts
Sun Aug 31, 2014 4:19 pm
 
Forum: Investing - Theory, News & General
Topic: Why invest in bonds?
Replies: 103
Views: 6254

Re: How to become a millionaire retiree -- then and now

If I would have listened to the prevailing attitudes that proclaimed lower returns where forthcoming I would not be a millionaire. No one knows what the future has in store. What predictions were these? When where they made? I don't recall a time when there was such a large consensus regarding lowe...
by tibbitts
Sun Aug 31, 2014 2:07 pm
 
Forum: Investing - Theory, News & General
Topic: How to become a millionaire retiree -- then and now
Replies: 67
Views: 9883

Re: Why invest in foreign funds?

I would turn the question around and ask, "Why not invest in foreign funds?" I can think of two reasons: First, if you live in the US, it is the US market you have to keep up with. If US stocks go up then US housing prices may also be buoyed up by it. In this situation if half your invest...
by tibbitts
Sun Aug 31, 2014 1:45 pm
 
Forum: Investing - Theory, News & General
Topic: Why invest in foreign funds?
Replies: 35
Views: 2228

Re: Protfollio Allocation Advice

I have a very high tolerance for risk and I want my retirement investments to reflect. I don't mind big swings in my portfolio balance if it increases my long term potential for greater returns. I want a portfolio that will match the S&P 500 if not beat it. I'm just guessing but I think what yo...
by tibbitts
Sun Aug 31, 2014 1:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Protfollio Allocation Advice
Replies: 14
Views: 960

Re: I have 1M in Vanguard. Start Diversifying to Real Estate

My assumption is that the OP would be investing in RE somewhere outside of the US, which might introduce risks that we might not usually think about in terms of US RE. Those might include non-insurable risks, like acts of war, political confiscation, etc. International REITs! Not every country has ...
by tibbitts
Sun Aug 31, 2014 11:25 am
 
Forum: Investing - Help with Personal Investments
Topic: I have 1M in Vanguard. Start Diversifying to Real Estate?
Replies: 41
Views: 5773

Re: I have 1M in Vanguard. Start Diversifying to Real Estate

My assumption is that the OP would be investing in RE somewhere outside of the US, which might introduce risks that we might not usually think about in terms of US RE. Those might include non-insurable risks, like acts of war, political confiscation, etc.
by tibbitts
Sat Aug 30, 2014 9:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: I have 1M in Vanguard. Start Diversifying to Real Estate?
Replies: 41
Views: 5773

Re: Costco:is it worth it for just two people?

With the nearest store that I know of a four hundred mile round trip, definitely not worthwhile for me.
by tibbitts
Sat Aug 30, 2014 4:07 pm
 
Forum: Personal Consumer Issues
Topic: Costco:is it worth it for just two people?
Replies: 143
Views: 11065

Re: Financial Planners, DFA, and your opinions please!

Three thoughts: 1. I think you haven't fully accepted the fact that an adviser with countless degrees and certifications, DFA, etc. is not particularly likely to improve your results or even help you avoid mistakes vs. some plan you come up with yourself by investing a couple of hours per year. 2. O...
by tibbitts
Sat Aug 30, 2014 2:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Financial Planners, DFA, and your opinions please!
Replies: 28
Views: 1660

Re: I have 1M in Vanguard. Start Diversifying to Real Estate

I am 29 years old, and I currently have a 65 stock 45 bond asset allocation on my Vanguard portfolio. :confused I'd at least reduce the bonds to 35%. We tend to forget that for a long time, 60/40 or 65/35 was considered pretty reasonable for almost anyone at any age. VG, for example, offered STAR a...
by tibbitts
Sat Aug 30, 2014 12:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: I have 1M in Vanguard. Start Diversifying to Real Estate?
Replies: 41
Views: 5773
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