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Re: Investments for beginners.

With boglehead style investing, there's almost no real difference between "beginner investments" and those that the most knowledgeable people here use. The philosophy is simple: 1) You don't have to beat the market, you only have to match it. 2) Matching it is trivial due to index funds th...
by yosef
Sun Sep 21, 2014 8:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investments for beginners.
Replies: 6
Views: 512

Re: Roth IRA v. 401(k)

Sounds about right. It's mostly about your tax rate now vs retirement. Max the 401k first, but don't overlook a Roth if you are eligible since as you said it gives you some more flexibility to control your taxes in retirement.
by yosef
Fri Sep 19, 2014 8:17 am
 
Forum: Investing - Help with Personal Investments
Topic: Roth IRA v. 401(k)
Replies: 7
Views: 725

Re: how to use I-Bonds as an Emergency Fund?

The early withdrawl penalty is 3 months interest. But perhaps more importantly for EF purposes is that they cannot be redeemed at all for the first year. So make sure you keep enough in cash or equivalent in case you need it during that time. Not sure how long it would actually take to put hands on ...
by yosef
Mon Sep 15, 2014 8:46 am
 
Forum: Investing - Help with Personal Investments
Topic: how to use I-Bonds as an Emergency Fund?
Replies: 9
Views: 1194

Re: Am I in over my head?

I'm going to be the dissenting voice about the OP going to college. He doesn't like going to school, and he doesn't have a specific career he wants to train for. In that case, going to college just because that's what people his age are "supposed" to do is a waste of time and money. Don't...
by yosef
Mon Sep 15, 2014 8:35 am
 
Forum: Investing - Help with Personal Investments
Topic: Am I in over my head?
Replies: 51
Views: 4626

Re: Am I in over my head?

While I agree that the OP should certainly maximize his human capital, there's a bit of a troubling undertone in some of the posts in this thread. Who is a $9 an hour job good for and why is the OP so much better than that? What troubles you? To answer your question, a $9/hr job is good for a stude...
by yosef
Mon Sep 15, 2014 8:29 am
 
Forum: Investing - Help with Personal Investments
Topic: Am I in over my head?
Replies: 51
Views: 4626

Re: Am I in over my head?

You need some kind of post-HS education, period. It doesn't have to be a 4 year college, a community college program preparing you for a career that's in demand would be fine. Though I will point out a 4 year college would give you time to decide what you like and your money would almost surely allo...
by yosef
Sun Sep 14, 2014 8:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Am I in over my head?
Replies: 51
Views: 4626

Re: First post, Investment Questions

Yes, statistics show that more often than not it's better to do a lump sum, but generally It's fine to dollar cost average in if you know that emotionally you can't handle a major drop right after you invest. That said, you should consider how long it will take you to get all your money invested at ...
by yosef
Wed Sep 10, 2014 4:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: First post, Investment Questions
Replies: 31
Views: 1216

Re: roth ira funds help

Congrats on getting started so early. I think most folks on here would advise you to dump the USNQX. It's great that it's worked for you so far, but it's not nearly as diversified as TSM.
by yosef
Mon Sep 08, 2014 2:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: roth ira funds help
Replies: 19
Views: 742

Re: Lifestrategy Fund questions?

Yes, that works. The suggestion to use a TR fund is a good one also but keep in mind that allocation will gradually change based on the fund's glidepath. Lifestrategy funds maintain a fixed allocation.
by yosef
Mon Sep 08, 2014 10:45 am
 
Forum: Investing - Help with Personal Investments
Topic: Lifestrategy Fund questions?
Replies: 8
Views: 759

Re: New Job 401K vs Roth401K Which One?

You shouldn't have to contribute the 2k to traditional depending on your other deductions since MAGI is what counts for the child tax credit phaseout. But, if you do contribute heavily to traditional, you should be able to get down to the 15% tax bracket (again depending on your other deductions). I...
by yosef
Thu Sep 04, 2014 4:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Job 401K vs Roth401K Which One?
Replies: 4
Views: 455

Re: Holding Cash because Tried to time Market

So DCA in? Historically speaking it has been better to jump in with a lump sum. But there are no guarantees other than you can't win the game if you're not playing.
by yosef
Thu Sep 04, 2014 1:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Holding Cash because Tried to time Market
Replies: 78
Views: 6162

Re: ATM did not dispense cash but account was debited

Yeah, this should be easy to resolve. You're probably not the only person this happened to and the ATM will be out of balance. Just contact the bank.
by yosef
Wed Sep 03, 2014 10:33 am
 
Forum: Personal Finance (Not Investing)
Topic: ATM did not dispense cash but account was debited
Replies: 8
Views: 1795

Re: Take slightly better job if you had to wait 1 year for 4

I wouldn't let it stop me from making a move I wanted to make.
by yosef
Tue Sep 02, 2014 8:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Take slightly better job if you had to wait 1 year for 401k?
Replies: 19
Views: 910

Re: Ally Bank CD

I've held a CD ladder with Ally as well as a savings account. I've since cashed in one CD upon the renewal date because they have lowered their bonus amount for renewing. As the other three CD's come due I plan not to renew them and I will transfer the cash back to my taxable Vanguard MM fund for f...
by yosef
Thu Aug 28, 2014 9:28 am
 
Forum: Investing - Help with Personal Investments
Topic: Ally Bank CD
Replies: 12
Views: 1599

Re: Ally Bank CD

I've been very happy with Ally. Their rates are very good but not typically the absolute highest if you are willing to go with a perhaps lesser known institution. But their website is nice, and the couple of times I have had to use their customer service it has been excellent. They have a tool now t...
by yosef
Wed Aug 27, 2014 3:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Ally Bank CD
Replies: 12
Views: 1599

Re: HSA - how to decide if it is worth it?

Hello, There was a recent post on HSA which was very informative on how valuable a HSA is (by letting the assets in it grow and saving receipts for later). My question is how to decide if it is worth it to get a high deductible health plan in order to get an HSA? We currently have a standard PPO he...
by yosef
Wed Aug 27, 2014 1:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: HSA - how to decide if it is worth it?
Replies: 14
Views: 1017

Re: Downsizing emergency fund

I already max all tax deferred accounts What does that mean? $17.5k in a 401(k)? $5.5k in an IRA? 401(k) + Roth IRA? How about $52k in a 401(k)? Maybe a Mega-backdoor Roth is in order. Is a HDHP w/ an HSA appropriate? Do you have kids? What about 529s? $17.5K in my 401k and $5.5k in his and her Rot...
by yosef
Fri Aug 22, 2014 6:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Downsizing emergency fund
Replies: 12
Views: 1409

Re: Downsizing emergency fund

Your EF isn't related to your net worth. It is related to your spending and the cost of possible emergencies. This is why people tend to size their EF in terms of a number of months worth of spending. A lot of people use the cost of finding new employment after a job loss or the cost of major medic...
by yosef
Fri Aug 22, 2014 5:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Downsizing emergency fund
Replies: 12
Views: 1409

Downsizing emergency fund

I was laid off from my job with a mega-corp a few months ago. I found something else right away, and it actually wound up being a bit of a windfall for me as the severance package I was given was pretty good. I was just paid the last of what I'm owed by my former company, and now that I step back an...
by yosef
Fri Aug 22, 2014 4:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Downsizing emergency fund
Replies: 12
Views: 1409

Re: Reducing time spent paying bills

All bills auto pay with cash-back credit card. Cash back credit card auto pays in full from checking account. Done, and you get money back to boot :D
by yosef
Wed Aug 20, 2014 1:25 pm
 
Forum: Personal Consumer Issues
Topic: Reducing time spent paying bills
Replies: 25
Views: 1751

Re: Smartest way to fund new car purchase?

Trader Joe wrote:Well it looks like you are no where near debt free, having $265,000 of debt. Given your circumstances I would first pay off my debt. Then I would consider buying a used car if my current one needed replacing.


So he should pay off his mortgage before buying even a used car huh?
by yosef
Sat Aug 16, 2014 8:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Smartest way to fund new car purchase?
Replies: 20
Views: 1522

Re: Newly Minted Boglehead - Several Questions.

You don't mention what your expenses are but I'd say you have quite a ways to go before you need to worry about your emergency fund being too large. I'd definitely agree with beefing that up substantially. Online savings rates are ~1% and once you have a cushion there you can move to CDs/iBonds/etc ...
by yosef
Mon Aug 11, 2014 9:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Newly Minted Boglehead - Several Questions.
Replies: 8
Views: 1088

Re: Two factor identification and your password safe

Food for thought regarding the security of storing your password safe on USB:

http://www.wired.com/2014/07/usb-security/
by yosef
Mon Aug 11, 2014 9:41 am
 
Forum: Personal Consumer Issues
Topic: Two factor identification and your password safe
Replies: 31
Views: 2062

Re: How do you address your inlaws and being addressed?

First names always. Definitely don't do the "Mom and Dad" thing with in-laws, despite being fairly close to them. The whole Mr. and Mrs. thing just feels pretty dated to me, especially once married. We're all adults.
by yosef
Mon Aug 11, 2014 9:32 am
 
Forum: Personal Consumer Issues
Topic: How do you address your inlaws and being addressed?
Replies: 84
Views: 4762

Re: Attitudes toward inheritances.

stoptothink, I think you are taking Professor Emeritus' posts too personally. His point of view, which I think I share, is at the end of the day, the grandfather is to blame for not providing for his children and the wicked stepmother partially to blame for not honoring her husband's wishes to the ...
by yosef
Thu Aug 07, 2014 7:44 pm
 
Forum: Personal Consumer Issues
Topic: Attitudes toward inheritances.
Replies: 113
Views: 10795

Re: Cloud Base Password Manager

I use 1Password, which allows you to sync via Dropbox or iCloud. Works wonderfully, integrates with all web browsers, and even has an excellent iPhone app. Not to mention the 1Password folks have written some ridiculously detailed blog posts (http://blog.agilebits.com) about how they approach secur...
by yosef
Thu Aug 07, 2014 10:09 am
 
Forum: Personal Consumer Issues
Topic: Cloud Base Password Manager
Replies: 14
Views: 1007

Re: Attitudes toward inheritances.

As you can see from my comments above, I do have a bit of an expectation for a modest inheritance. And naturally, I would like to provide as much as I can for my children after my death. But lately I feel a bit conflicted on this topic, because in aggregate I feel like passing significant wealth thr...
by yosef
Wed Aug 06, 2014 8:11 pm
 
Forum: Personal Consumer Issues
Topic: Attitudes toward inheritances.
Replies: 113
Views: 10795

Re: Attitudes toward inheritances.

Agreed about step-parents complicating things. My mother passed away about 4 years ago, and less than a year later my father remarried. He lives almost entirely on a pension + SS, so any monetary inheritance is likely going to be small. But he does have a house and obviously a lot of "stuff&qu...
by yosef
Wed Aug 06, 2014 8:02 pm
 
Forum: Personal Consumer Issues
Topic: Attitudes toward inheritances.
Replies: 113
Views: 10795

Re: Attitudes toward inheritances.

Agreed about step-parents complicating things. My mother passed away about 4 years ago, and less than a year later my father remarried. He lives almost entirely on a pension + SS, so any monetary inheritance is likely going to be small. But he does have a house and obviously a lot of "stuff&qu...
by yosef
Wed Aug 06, 2014 7:58 pm
 
Forum: Personal Consumer Issues
Topic: Attitudes toward inheritances.
Replies: 113
Views: 10795

Re: Attitudes toward inheritances.

Agreed about step-parents complicating things. My mother passed away about 4 years ago, and less than a year later my father remarried. He lives almost entirely on a pension + SS, so any monetary inheritance is likely going to be small. But he does have a house and obviously a lot of "stuff&quo...
by yosef
Wed Aug 06, 2014 4:30 pm
 
Forum: Personal Consumer Issues
Topic: Attitudes toward inheritances.
Replies: 113
Views: 10795

Re: Your opinion of mint.com

At my big bank, Mint.com claimed that they didn't need to store my password, but I'm not sure what else they're storing instead. If it's a hash of my password, which I've seen mentioned in a few places, then that's not secure even though it may have been secure in the early 2000s for some purposes....
by yosef
Wed Aug 06, 2014 3:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Your opinion of mint.com
Replies: 38
Views: 3102

Re: HDHP vs PPO (least bad choice)

You don't mention if you have any dependents. If it's just you, the HDHP probably makes sense. I think it is much harder to make the case for it however if you have dependents, particularly children. Mostly because the deductible typically goes up a lot and children seem to need non-preventative car...
by yosef
Wed Aug 06, 2014 11:19 am
 
Forum: Personal Finance (Not Investing)
Topic: HDHP vs PPO (least bad choice)
Replies: 13
Views: 823

Re: Your opinion of mint.com

I've used Mint for years, pretty much ever since MS Money went belly up. From a features/functionality perspective, hey you get what you pay for. That said, I wouldn't be without it. I agree with nisiprius that you can never be totally sure they are secure. But for those that are paranoid, consider ...
by yosef
Wed Aug 06, 2014 11:13 am
 
Forum: Personal Finance (Not Investing)
Topic: Your opinion of mint.com
Replies: 38
Views: 3102

Re: Was ready to pull plug on Janus..until

Honestly it doesn't sound like you understand the point several posters are making, and I wouldn't make any moves until you do. You are proposing changing more than the company that manages your funds, you're talking about changing the nature of your portfolio. If you want a total market weighted po...
by yosef
Tue Jul 29, 2014 4:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Was ready to pull plug on Janus..until
Replies: 66
Views: 4092

Re: Rich Spouse, Poor Spouse

fanmail wrote:I don't get the keeping it seperate idea. When you marry, you join together, joint finances along with that.

+1 I just can't imagine a marriage where things are mine vs yours. Everyone's situation is unique, but that's just how I see it.
by yosef
Thu Jul 24, 2014 3:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rich Spouse, Poor Spouse [Tax filing apportionment]
Replies: 77
Views: 5739

Re: If you own a car, do you have a car payment?

Umm, those of you who say you are financing because the rate is zero or near zero percent....did you figure in the cost of being forced to purchase collision/comprehensive insurance? When you don't actually own the car, you must buy C/C. Of course, I guess if you're buying an expensive new car, you...
by yosef
Wed Jul 23, 2014 2:54 pm
 
Forum: Personal Consumer Issues
Topic: If you own a car, do you have a car payment?
Replies: 112
Views: 7446

Re: If you own a car, do you have a car payment?

After close to 8 years with no payments I recently replaced my 11 year old car. I considered paying cash but since the dealer was offering 0.9% financing I took that (I'm very confident I did not leave money on the table by financing). I will likely keep the loan less than a year.
by yosef
Tue Jul 22, 2014 1:34 pm
 
Forum: Personal Consumer Issues
Topic: If you own a car, do you have a car payment?
Replies: 112
Views: 7446

Re: How would you handle this situation if it was you.

I think your priority should be your education. Get in a program that will give you a career with decent salary potential. Hopefully some of your credits will transfer to a respectable school. Above all do not inflate your lifestyle now and get yourself into a situation where you can't get an educat...
by yosef
Mon Jul 21, 2014 7:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: How would you handle this situation if it was you.
Replies: 15
Views: 2010

Re: Anyone use Wells Fargo Bank?

Anything I need to know about banking with Ally long distance? Pluses or minuses? Nonnie I don't have checking there, that's still at WF. I pay day to day expenses on Amex and then pay that in full from checking. So my checking account sees very little activity. At Ally I have CDs and a savings acc...
by yosef
Wed Jul 02, 2014 9:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Anyone use Wells Fargo Bank?
Replies: 57
Views: 7792

Re: Anyone use Wells Fargo Bank?

The Crown account is still around with most of the same benefits. I think the minimums/etc might be a bit higher to avoid fees though. We have been with them (via Wachovia) for about 17 years. Frankly I'm surprised to see how many fans they have here. I keep the relationship for 2 reasons: To have r...
by yosef
Tue Jul 01, 2014 10:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Anyone use Wells Fargo Bank?
Replies: 57
Views: 7792

Re: Where to put my house fund?

Sounds like you have a good handle on the options. I think CDs would probably be the best choice; even if you aren't in a hurry to buy putting the money in stocks (which really seems like the only option that could give a better return than a good CD) could bite you.
by yosef
Thu Jun 19, 2014 1:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where to put my house fund?
Replies: 3
Views: 459

Re: Laid off - HSA Contributions?

Hmm. I have a new job with a non-HDHP that will cover me starting next month. Meanwhile, I will continue to be covered by my existing HDHP from my previous employer for about 2 more months. Something I just read made it sound like I am ineligible to contribute to the HSA once I am covered by a non-...
by yosef
Wed Jun 11, 2014 3:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Laid off - HSA Contributions?
Replies: 9
Views: 1050

Re: Laid off - HSA Contributions?

Hmm. I have a new job with a non-HDHP that will cover me starting next month. Meanwhile, I will continue to be covered by my existing HDHP from my previous employer for about 2 more months. Something I just read made it sound like I am ineligible to contribute to the HSA once I am covered by a non-H...
by yosef
Wed Jun 11, 2014 11:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Laid off - HSA Contributions?
Replies: 9
Views: 1050

Re: Laid off - HSA Contributions?

I am in a similar situation. Any contributions we make ourselves (not via paycheck withholding) are still tax deductible though right? And we are free to continue using the HSA even after we are no longer on the policy it was tied to, correct? I was not planning on maxing my contribution, but after ...
by yosef
Tue Jun 10, 2014 12:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Laid off - HSA Contributions?
Replies: 9
Views: 1050

Re: New Dodge Grand Caravan vs. Used Honda Odyssey/Toyota Si

I'd question that valuation also. We have a 2005 Sienna with ~105k miles and it's worth just a bit less than $10k.
by yosef
Fri Jun 06, 2014 8:19 pm
 
Forum: Personal Consumer Issues
Topic: New Dodge Grand Caravan vs. Used Honda Odyssey/Toyota Sienna
Replies: 21
Views: 2255

Life insurance term length

My wife and I will be 39 years old this year. Our current 10 year term insurance policies are up this year, and I'm trying to decide if I should simply renew our existing policies for another 10 year term or shop around for 20 year term. Our current policies were purchased through the alumni associa...
by yosef
Tue May 20, 2014 7:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Life insurance term length
Replies: 2
Views: 212

Re: top of the market

You must be new here ;) Who says you have to put it all in equities? Regardless, you can't time the market. If you don't get in now, how much of a drop will you wait for? How big will the gains you miss out on from now until then be? If you accept that the overall trend of the market is up long term...
by yosef
Wed May 14, 2014 7:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: top of the market
Replies: 7
Views: 811

Re: Job Offer Negotiation / Interview Snafu

I agree about waiting until after the offer. I always wonder about people who ask this question-- why are they asking this? Are they just going to come here and slack? I'm not sure that is a snafu, actually. Post-offer, you can probably get this type of information. But I think you have to be caref...
by yosef
Tue Mar 04, 2014 10:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Job Offer Negotiation / Interview Snafu
Replies: 177
Views: 31197

Re: To Refinance or Not to? Newbie advice Wanted

You should be able to get some ideas of closing costs from Google, but I think it's safe to say it will be > 1% of the loan amount. They can and usually are rolled into the mortgage, but these costs will give you a good idea of how long it will take you to break even. And yes, the amortization sched...
by yosef
Tue Feb 11, 2014 5:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: To Refinance or Not to? Newbie advice Wanted
Replies: 20
Views: 873

Re: Thoughts on Emergency Funds

Failing some ridiculously high interest debts as posited above, I would never drop my EF to anywhere near $1k just to pay off debt. My thinking on this matter is to consider which you would prefer to have if you lost your job tomorrow, the debt or the money? I've been debt-free (aside from mortgage)...
by yosef
Mon Feb 10, 2014 3:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Thoughts on Emergency Funds
Replies: 16
Views: 1557
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