Search found 628 matches

by Admiral
Wed Jul 26, 2017 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Is it still worth buying a house in a state with insane property taxes
Replies: 70
Views: 6613

Re: Is it still worth buying a house in a state with insane property taxes

My take: Taxes go up. But so do rents. As housing prices increase, rents increase to keep pace. On the bright side, your salary is also likely to go up, and hopefully at a greater rate than your taxes. At least with a mortgage, you have fixed costs (aside from tax increases) for 30 years, and your m...
by Admiral
Wed Jul 26, 2017 1:25 pm
Forum: Personal Consumer Issues
Topic: 2003 Outback on 4th radiator. Is this normal?
Replies: 11
Views: 465

Re: 2003 Outback on 4th radiator. Is this normal?

Just to pile on, also check the fan clutch. If there is play, it's not cooling the engine sufficiently and this can lead to premature radiator failure. This won't always result in a change in displayed coolant temp. But you might hear the auxiliary fan (the one for the AC) come on more often as it t...
by Admiral
Wed Jul 26, 2017 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: Borrow from 403B to maximize 457?
Replies: 5
Views: 230

Re: Borrow from 403B to maximize 457?

Bad idea. I'm not totally clear on your logic, but if you really want to do this, just max out the 457 plan from your paycheck, use your EF money for your living expenses while you are short those seven months, then replenish the EF after your paycheck reductions return to normal. (One could debate ...
by Admiral
Wed Jul 26, 2017 10:47 am
Forum: Investing - Theory, News & General
Topic: Traditional IRA or ROTH
Replies: 27
Views: 1189

Re: Traditional IRA or ROTH

... Also, it would be doubtful in the above instance that a couple age 65 with $2.25 million in tax deferred assets would still have anywhere close to that amount in tax deferred at age 90. I'm not sure I agree with this. If a couple earned enough to save 2.25m, then it's likely (not certain but li...
by Admiral
Wed Jul 26, 2017 10:27 am
Forum: Personal Consumer Issues
Topic: Follow up on wifi thermostat
Replies: 3
Views: 321

Re: Follow up on wifi thermostat

Typically manufacturers tie their thermostats (we have a Sensi, by Emerson) to their apps. For obvious reasons. Since a thermostat is hardwired to your cooling (and/or heating) system, you cannot control it by just plugging it into a Wifi-enabled hub, which of course is more "open" then a ...
by Admiral
Tue Jul 25, 2017 1:35 pm
Forum: Investing - Theory, News & General
Topic: Traditional IRA or ROTH
Replies: 27
Views: 1189

Re: Traditional IRA or ROTH

Much of this depends on your age. Unless you're a millionaire already, if you're 25 you have ZERO idea of what your tax situation is going to be in 40 years. None. And you similarly have no idea what your portfolio will be, what your eventual income will be (and thus your SS payout) etc. Even though...
by Admiral
Tue Jul 25, 2017 11:08 am
Forum: Investing - Theory, News & General
Topic: Traditional IRA or ROTH
Replies: 27
Views: 1189

Re: Traditional IRA or ROTH

As others have said, the answer is "it depends" but is also "it's good to have both." I would only add that, based on current law, you can roll a pre-tax account (T-IRA) or a portion thereof into a Roth at anytime in retirement and control what taxes you pay on the conversion. Th...
by Admiral
Tue Jul 25, 2017 10:46 am
Forum: Personal Consumer Issues
Topic: Family ski trip without breaking the bank
Replies: 39
Views: 3488

Re: Family ski trip without breaking the bank

I'm bringing this post back from the dead. Can anybody provide any stories/successes from last winter? I am starting to plan now. Specifically I am looking at the western Colorado resorts (Powderhorn, Sunlight) but getting there is a hassle. I can fly into Denver cheap, but trying to fly into Grand...
by Admiral
Mon Jul 24, 2017 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone set portfolio goals and rewards?
Replies: 35
Views: 2071

Re: Does anyone set portfolio goals and rewards?

Life is for living, not just for saving. (Though with ppg the former might not be as long :shock: ) Only you know your comfort level with your current savings strategy, your portfolio, and where you want to be in 5, 10 or 20 years. If you continue to save well, in 10 or 20 years you won't miss the $...
by Admiral
Mon Jul 24, 2017 11:19 am
Forum: Investing - Help with Personal Investments
Topic: 4-6% a year
Replies: 26
Views: 4737

Re: 4-6% a year

Are they experienced landlords? Do they know the costs and risks of owning rental property. Here is a list of some of them: 1. Taxes 2. Insurance 3. Legal fees 4. Accounting fees 5. Maintenance and repairs 6. Loss of income due to vacancy periods 7. Tenants who damage the property 8. Tenants who do...
by Admiral
Mon Jul 24, 2017 6:16 am
Forum: Personal Finance (Not Investing)
Topic: After market extended warranty new vehicle - worth it?
Replies: 14
Views: 831

Re: After market extended warranty new vehicle - worth it?

I say cancel, invest the money you save in a balanced portfolio, and in 5 years or ten years or whenever this major failure occurs you'll (likely) have enough money to pay for the repair. You don't note the make and model but even a major repair like a new transmission isn't likely to break you. The...
by Admiral
Sat Jul 22, 2017 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Does anyone set portfolio goals and rewards?
Replies: 35
Views: 2071

Re: Does anyone set portfolio goals and rewards?

I like bobcat2's funded ratio https://www.bogleheads.org/forum/viewtopic.php?t=219878 as a metric. I was thinking as long as one was at least at target or maybe 1.x target, some set rewards may be appropriate. Another option would be some combination of metrics, such as meeting the funding ratio an...
by Admiral
Sat Jul 22, 2017 8:42 am
Forum: Investing - Theory, News & General
Topic: Using Funded Ratio to drive retirement investment plan - Part 1 of Funded Ratio series
Replies: 72
Views: 6383

Re: Using Funded Ratio to drive retirement investment plan - Part 1 of Funded Ratio series

BobK, I just read this thread, which was linked to in this (https://www.bogleheads.org/forum/viewtopic.php?f=2&t=223948&p=3459898#p3459898) discussion of setting "goals" on the way to retirement. How does one go about using the FR model to plot data points such that (for example) a...
by Admiral
Sat Jul 22, 2017 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Does anyone set portfolio goals and rewards?
Replies: 35
Views: 2071

Re: Does anyone set portfolio goals and rewards?

I like bobcat2's funded ratio https://www.bogleheads.org/forum/viewtopic.php?t=219878 as a metric. I was thinking as long as one was at least at target or maybe 1.x target, some set rewards may be appropriate. Another option would be some combination of metrics, such as meeting the funding ratio an...
by Admiral
Fri Jul 21, 2017 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Help with Amortization Schedule with Extra Payments
Replies: 24
Views: 1701

Re: Help with Amortization Schedule with Extra Payments

Ask your buddy why he would bother paying down a 3% mortgage. That's the relevant question.

If he insists on paying it off early, he'd be better off starting tomorrow with less money per month than waiting for two years (assuming that he's not currently on payment #24).
by Admiral
Fri Jul 21, 2017 9:09 am
Forum: Personal Consumer Issues
Topic: State Farm vs Penn National- auto, renters, umbrella?
Replies: 56
Views: 4835

Re: Why does State Farm have poor reviews?

Good luck finding a perfect/noble/blameless insurance company; all their employees are unicorns. We've had State Farm for many years and overall have had good service. They were very fast and helpful and paid out a pretty large claim for fixing a 10 year old car ($13k as I recall) that they would ha...
by Admiral
Thu Jul 20, 2017 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: Expense ratio % vs. Return %
Replies: 5
Views: 438

Re: Expense ratio % vs. Return %

Hi all, Not new to the site, but first time posting. I am trying to decide if I want to invest my bond portion of my portfolio in a active or passive fund. I have the Fidelity total bond fund FTBFX (.45% expense ratio) and am considering moving it into an index FSITX (.05%). Looking at historical p...
by Admiral
Thu Jul 20, 2017 12:13 pm
Forum: Investing - Help with Personal Investments
Topic: Considering pension plan in asset allocation
Replies: 37
Views: 1413

Re: Considering pension plan in asset allocation

... Because the return is a guaranteed fixed income return (4% in your case) I think it is appropriate to view the entire balance of the plan as part of your fixed income allocation, earning a 4% fixed income return. ... To paraphrase Bill Clinton, that depends on what your definition of "guar...
by Admiral
Thu Jul 20, 2017 10:47 am
Forum: Investing - Help with Personal Investments
Topic: Considering pension plan in asset allocation
Replies: 37
Views: 1413

Re: Considering pension plan in asset allocation

We do not a) consider cash value of our pension; b) use its present or assumed value in determining our current savings; or c) consider it in any way when determining our current AA. The ONLY thing we (or should I say "I") do is use the current, vested value (i.e. future annual payout) whe...
by Admiral
Wed Jul 19, 2017 11:21 am
Forum: Investing - Help with Personal Investments
Topic: How much to put in a 457?
Replies: 7
Views: 543

Re: How much to put in a 457?

If he is a state worker, does he have a state pension? If so when will he be vested? The 457 has many advantages (which are noted upthread) but one additional one: even more tax savings since the money can be put in pretax. Not sure why you are funding Roth at this point. Is there a specific reason?...
by Admiral
Wed Jul 19, 2017 10:56 am
Forum: Investing - Theory, News & General
Topic: Expense Ratios, how high is too high
Replies: 72
Views: 3980

Re: Expense Ratios, how high is too high

What would be the highest expense ratio you would be willing to pay for a particular investment. I have several funds in an IRA with what seems high expense ratios, 1.18%, 1.17%, .71% and another .44%. EJ Adviser put me in these, along with some that have lower expense ratios such as 0.05. I'm movi...
by Admiral
Thu Jul 13, 2017 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Home refi question
Replies: 4
Views: 301

Re: Home refi question

When you refinance, typically you must provide all the supporting documentation that you need to originate a new loan: proof of income (W2), tax returns, bank statements, etc. Therefore, to remove him as a co-signer, she will have to qualify herself, using her own assets. That is, her income and as...
by Admiral
Thu Jul 13, 2017 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Home refi question
Replies: 4
Views: 301

Re: Home refi question

When you refinance, typically you must provide all the supporting documentation that you need to originate a new loan: proof of income (W2), tax returns, bank statements, etc. Therefore, to remove him as a co-signer, she will have to qualify herself, using her own assets. That is, her income and ass...
by Admiral
Wed Jul 12, 2017 6:14 pm
Forum: Investing - Help with Personal Investments
Topic: I am selling my wellington buying Total stock market and Total bond. Is this the best bond fund for a taxable account?
Replies: 34
Views: 3132

Re: I am selling my wellington buying Total stock market and Total bond. Is this the best bond fund for a taxable accoun

Thanks in advance. I am in the 15% tax bracket with a 6% MO state income tax. Perhaps you posted upthread but...why are you holding bonds in a taxable account? Is there a specific purpose? Do you not have tax-advantaged space for them? The typical advice would be to hold something more tax advantag...
by Admiral
Wed Jul 12, 2017 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Jewelry insurance. Is it ever worth it?
Replies: 35
Views: 2933

Re: Jewelry insurance. Is it ever worth it?

For about $200 a year for a rider, we insure about $20k in jewelry, plus my 13 YO's violin (mostly because I'm afraid she will damage it accidentally). The bulk of the coverage is for my wife's wedding band and engagement ring that she wears every day, and are the most likely to be lost or stolen. I...
by Admiral
Tue Jul 11, 2017 10:49 am
Forum: Investing - Help with Personal Investments
Topic: REIT Fund Question
Replies: 11
Views: 1014

Re: REIT Fund Question

with an .24% ER and .36% Record Keeping Wha?? More than a third of a percent for record keeping?? Is that a joke? What have been the returns on these funds? For some perspective, VGSLX has an ER of .12, and a nearly 11% return (before taxes) since inception (ten year is 6.18%). https://personal.van...
by Admiral
Mon Jul 10, 2017 6:33 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey's advice on investing?
Replies: 57
Views: 4400

Re: Dave Ramsey's advice on investing?

One of the few things under your control when you invest--and one thing guaranteed to either save you money or reduce your returns--is expense ratio.

Ramsey pushes products/advice/advisers associated with higher-than-necessary ERs.

You do the math.
by Admiral
Fri Jun 30, 2017 12:01 pm
Forum: Investing - Theory, News & General
Topic: Total Bond Fund in a rising rate environment
Replies: 59
Views: 4356

Re: Total Bond Fund in a rising rate environment

I asked a similar question a while back, but given that we've never really seen what a bond index fund would do in a rising rate environment, how do you think something like BND would perform? I know the value would at least temporarily go down, but I'm curious: 1) How much of an impact 2-3 0.25% r...
by Admiral
Fri Jun 30, 2017 11:38 am
Forum: Personal Consumer Issues
Topic: Buying a dishwasher
Replies: 46
Views: 2445

Re: Buying a dishwasher

Spend the money for a quiet one. If you buy one of those super "quiet" models be prepared to deal with clogged filters and issues with poor cleaning. If you can stand a bit of noise a model with an older technology erator (mini disposal) will not have the clogged/performance issues and ge...
by Admiral
Fri Jun 30, 2017 11:32 am
Forum: Personal Consumer Issues
Topic: Buying a dishwasher
Replies: 46
Views: 2445

Re: Buying a dishwasher

I'm kind of hijacking this post (sorry!) but I'm also in the market for a dishwasher. We currently have a Miele that came with the house, about 10 yrs old now. My wife hates it. It's really bad at removing anything even slightly thickened from plates, which means you have to scrub a few plates and ...
by Admiral
Fri Jun 30, 2017 11:27 am
Forum: Personal Consumer Issues
Topic: Buying a dishwasher
Replies: 46
Views: 2445

Re: Buying a dishwasher

Our last Bosch lasted 7 years (which, I was told by the salesman, is how long dishwashers are designed to last since that is the amount of time most people are in a home. What a coincidence!) We now have a Miele and love it. It ain't $500, though. If you want it to last, more expensive dishwashers t...
by Admiral
Fri Jun 30, 2017 10:21 am
Forum: Investing - Help with Personal Investments
Topic: Why bother with IRA's if 457(b)?
Replies: 16
Views: 1173

Re: Why bother with IRA's if 457(b)?

Many here--and in other places--suggest a mix of assets in retirement: taxable, tax free, and tax deferred. This gives you flexibility on when and from where to take your money. We have a 457, 2 Roth IRAs (which we contribute to occasionally via backdoor contributions), and a 403b plan. Right now, b...
by Admiral
Thu Jun 29, 2017 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card to Pay Mortgage Payment
Replies: 28
Views: 2768

Re: Credit Card to Pay Mortgage Payment

Money is fungible. What's the difference where your mortgage payment comes from? Use the money for groceries and use the grocery money for the mortgage payment. Or use it for a vacation and use the vacation money for the mortgage. :?: Am I missing something? And I agree that this seems shady. My gue...
by Admiral
Thu Jun 29, 2017 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Incorporating uncertain pension amount into net worth calculation
Replies: 35
Views: 2075

Re: Incorporating uncertain pension amount into net worth calculation

I have always included the surrender value of my pension in my net worth. If I were to quit, get fired, or change occupations, before retirement age, this is the amount I could walk away with. It has been taken out of my paycheck at an average of 8% over the last 27 years (+2% interest). Why wouldn...
by Admiral
Thu Jun 29, 2017 7:21 am
Forum: Personal Finance (Not Investing)
Topic: Incorporating uncertain pension amount into net worth calculation
Replies: 35
Views: 2075

Re: Incorporating uncertain pension amount into net worth calculation

edit to add: I know that others mention this as well. For instance, didn't Jack Bogle mention putting a dollar figure on SS to help evaluate AA? I think there was pretty vigorous disagreement about this here :D, but it's an obvious example of what OP mentions. (I still don't find any use for it in ...
by Admiral
Thu Jun 29, 2017 6:19 am
Forum: Personal Finance (Not Investing)
Topic: Incorporating uncertain pension amount into net worth calculation
Replies: 35
Views: 2075

Re: Incorporating uncertain pension amount into net worth calculation

I would add that we don't use NPV (or any value) for pension when we consider net worth. We have no cashout value so all it is to us in an income stream in the future, like social security. Unless you can a) cash out or b) get the pension tomorrow, it really has no bearing on your net worth. Rather,...
by Admiral
Wed Jun 28, 2017 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Incorporating uncertain pension amount into net worth calculation
Replies: 35
Views: 2075

Re: Incorporating uncertain pension amount into net worth calculation

You have to look at the range of payouts based on unknowable factors that you make guesses about. If you are fully vested today, then your payment would be (using a typical formula) 3 years highest salary average x whatever multiplier is used based on years of service. That would be what you would g...
by Admiral
Wed Jun 28, 2017 1:18 pm
Forum: Personal Consumer Issues
Topic: Do you buy phone outright or pay it off monthly...
Replies: 62
Views: 3237

Re: Do you buy phone outright or pay it off monthly...

Can someone explain Verizon MVNO? I know basically what it is but is there any real service difference except your payment goes to someone other than Verizon? It is their network?

The plans I am looking at are about $40 on Verizon itself but figured I would ask since these may be cheaper.
by Admiral
Wed Jun 28, 2017 1:11 pm
Forum: Personal Consumer Issues
Topic: Do you buy phone outright or pay it off monthly...
Replies: 62
Views: 3237

Re: Do you buy phone outright or pay it off monthly...

I just bought two 40 dollar phones that function extremely well. They don't have the most amazing camera but can browse the Internet and make calls just fine. It's android based. Something like that could be a bridge to the top line phone if you don't want to shell out $2k all at once. One kid alre...
by Admiral
Wed Jun 28, 2017 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: Looking into selling a structured settlement and need some advice
Replies: 66
Views: 4016

Re: Looking into selling a structured settlement and need some advice

See if the'll give you $2m! They already raised their initial offer. Also there are lots of structured settlement co's out there, so if you really want to sell (and I agree with others that it seems like a very poor deal) you might as well see what the market value of the settlement is.
by Admiral
Wed Jun 28, 2017 1:01 pm
Forum: Personal Consumer Issues
Topic: Do you buy phone outright or pay it off monthly...
Replies: 62
Views: 3237

Re: Do you buy phone outright or pay it off monthly...

I buy my cellphones up front, just one at a time, never three... It's for wife and kids, obv. I don't require three phones. I might buy used to save a bit, but really you can't save a ton because Verizon (we are switching to it from Tmobile) doesn't even support phones older than 1 generation (they...
by Admiral
Wed Jun 28, 2017 12:43 pm
Forum: Personal Consumer Issues
Topic: Do you buy phone outright or pay it off monthly...
Replies: 62
Views: 3237

Do you buy phone outright or pay it off monthly...

And why? Very soon I will need to be replacing/buying three new iPhones, total cost nearly $2k. Options are to buy outright or spread the payments over 24 months (with no finance charge.) Really it's only a matter of "do you want to pay more up front or more each month" and my answer is us...
by Admiral
Mon Jun 26, 2017 7:26 pm
Forum: Investing - Help with Personal Investments
Topic: Bond funds in portfolio
Replies: 6
Views: 842

Re: Bond funds in portfolio

I guess I would question why you feel you need so many slices of bonds funds. You're essentially overweighting/tilting in several directions. For example, are you aware that Total Bond has the following characteristics in terms of effective maturity.: 1 - 3 Years 22.3% 3 - 5 Years 21.9% 5 - 10 Years...
by Admiral
Fri Jun 23, 2017 10:29 am
Forum: Investing - Help with Personal Investments
Topic: Taxable Accounts and Moving Forward
Replies: 10
Views: 507

Re: Taxable Accounts and Moving Forward

Yes, one portfolio. Right now there is no taxable account, so what percent of total is in TSP and IRA? What % of total assets will go into the taxable account when you open it Paul 70% of the total is in TSP, 30% is in IRA. Strange it just worked out that way. And then within them, stocks/bonds are...
by Admiral
Fri Jun 23, 2017 10:25 am
Forum: Investing - Help with Personal Investments
Topic: Taxable Accounts and Moving Forward
Replies: 10
Views: 507

Re: Taxable Accounts and Moving Forward

Cobolt, you may want to create a spreadsheet with your entire portfolio and then calculate AA across everything. Typically you would put total stock and total international in your taxable account and bonds in tax-deferred. If you have enough space in your tax deferred for bonds, add total stock/in...
by Admiral
Fri Jun 23, 2017 10:10 am
Forum: Investing - Help with Personal Investments
Topic: Taxable Accounts and Moving Forward
Replies: 10
Views: 507

Re: Taxable Accounts and Moving Forward

Yes, one portfolio. Right now there is no taxable account, so what percent of total is in TSP and IRA? What % of total assets will go into the taxable account when you open it Paul 70% of the total is in TSP, 30% is in IRA. Strange it just worked out that way. And then within them, stocks/bonds are...
by Admiral
Thu Jun 22, 2017 11:12 am
Forum: Investing - Help with Personal Investments
Topic: VTSAX dividend error?
Replies: 24
Views: 2698

Re: VTSAX dividend error?

Mine shows $60.77 as the reinvestment price on 6/20.
by Admiral
Wed Jun 21, 2017 9:44 am
Forum: Investing - Theory, News & General
Topic: How/when do Inv shares convert to Admiral?
Replies: 6
Views: 563

Re: How/when do Inv shares convert to Admiral?

Hmm...this doesn't seem to be an option in my employer-sponsored retirement account. This is for Wellesley which appears to have a $50k threshold for Admiral shares. But I see no option. Maybe it has to be 100k in retirement or institutional accounts? Employer plans always have a list of funds. Wha...
by Admiral
Wed Jun 21, 2017 9:07 am
Forum: Investing - Theory, News & General
Topic: How/when do Inv shares convert to Admiral?
Replies: 6
Views: 563

Re: How/when do Inv shares convert to Admiral?

Hmm...this doesn't seem to be an option in my employer-sponsored retirement account. This is for Wellesley which appears to have a $50k threshold for Admiral shares. But I see no option. Maybe it has to be 100k in retirement or institutional accounts?

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