Search found 524 matches

by BanditKing
Thu Aug 17, 2017 11:27 pm
Forum: Investing - Help with Personal Investments
Topic: Temporary Bump on 401k Smart?
Replies: 4
Views: 391

Re: Temporary Bump on 401k Smart?

Put as much as you can into your tax-advantaged accounts. At your age, it will be hugely better than those of us who got our financial act together when we were closer to 40. Do everything you can to hit your magic number of $23,500 every year (more if you have access to an HSA or Solo 401k). Keep y...
by BanditKing
Tue Aug 15, 2017 9:01 pm
Forum: Personal Consumer Issues
Topic: Postal Service -- "informed delivery"
Replies: 88
Views: 4914

Re: Postal Service -- "informed delivery"

Crazy website. I went to sign up and create an account. It says I already have an account.

OK, great. Please send me my username.

Can't do that, you have to create a new account. Ok fine.

Sorry, can't create a new account, you already have one.

*facepalm* :oops:
by BanditKing
Fri Aug 11, 2017 10:56 pm
Forum: Investing - Help with Personal Investments
Topic: Where To Put My Emergency Fund?
Replies: 58
Views: 4041

Re: Where To Put My Emergency Fund?

I keep about 3 months in cash at Ally, about 6 months (currently) in iBonds, and another 15 months in VWIUX in my Vanguard taxable account. I have two years total, because I feel that is how long it might take for me to find re-employment in my field, which is fairly specific. In a couple years, bet...
by BanditKing
Fri Aug 11, 2017 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: Maxed out 401K now switched job. New employer auto enrolled in 401K.
Replies: 7
Views: 1209

Re: Maxed out 401K now switched job. New employer auto enrolled in 401K.

I believe you can contribute to the new 401k, but before April 15 you'll need to claw back the excess contribution plus gains (and pay taxes on it). However, the employer match doesn't need to be returned, so you definitely want to put in enough to get full employer match. As long as your deferred a...
by BanditKing
Thu Aug 10, 2017 8:19 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3804
Views: 999177

Re: U.S. stocks in freefall

I think I'm just going to move everything into Treasuries and Toilet Paper. Consumer Staples down only -.43% today. Of course it is still lagging S&P YTD. Wait, did he mean invest in toilet paper as in those companies' stocks, or as in Doomsday Preppers? :twisted: Maybe a little of both? Actually, ...
by BanditKing
Thu Aug 10, 2017 4:33 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3804
Views: 999177

Re: U.S. stocks in freefall

I think I'm just going to move everything into Treasuries and Toilet Paper.
by BanditKing
Tue Jul 25, 2017 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Series 65 Volunteer Advising?
Replies: 33
Views: 2178

Re: Series 65 Volunteer Advising?

Interesting to see this thread bumped. Compliance and liability insurance are indeed my stumbling blocks. I think this would be perfect as a part-time job coupled with a pension or other income source, but tough to pull off as a "side hustle". Maybe a bunch of us should get together and s...
by BanditKing
Tue Jul 25, 2017 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Series 65 Volunteer Advising?
Replies: 33
Views: 2178

Re: Series 65 Volunteer Advising?

I have been toying with the same RIA side hustle approach for the past couple of years. To me, maintaining compliance with state and federal regulations on RIAs seems like the most painful part of the process. What are your thoughts about regulatory compliance? Do you plan to use a service like RIA...
by BanditKing
Tue Jul 25, 2017 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Series 65 Volunteer Advising?
Replies: 33
Views: 2178

Re: Series 65 Volunteer Advising?

From my understanding (from reading the requirements per NASAA and FINRA), you don't need sponsorship for the series 63/65/66, but series 7 is a co-requisite for 66 (meaning you can take and pass the 66, but you're not "doing" anything with it until you pass the 7 also). You can end up sp...
by BanditKing
Tue Jul 25, 2017 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Series 65 Volunteer Advising?
Replies: 33
Views: 2178

Re: Series 65 Volunteer Advising?

I just took a Series 65 class last week through Kaplan actually, and expect to sit for the test in the next week or two. You do not need sponsorship, but you would for the series 7 or Series 63/66, which most firms would want you to have. My intention is to hang out a shingle as a side hustle. I do ...
by BanditKing
Mon Jul 24, 2017 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: What's you safety deposit box fee?
Replies: 50
Views: 3204

Re: What's you safety deposit box fee?

$60/yr for their smallest box, which is 3" tall, about 9" wide (wide enough for paper to lay flat inside an envelope) and maybe 24" deep (longer than a legal-size page).
by BanditKing
Mon Jul 17, 2017 2:31 pm
Forum: Investing - Help with Personal Investments
Topic: Invest the rest of the year in a tax account or save toward 2018 Roth
Replies: 9
Views: 630

Re: Invest the rest of the year in a tax account or save toward 2018 Roth

] Not a bad idea, but that seems like a lot of extra work (dealing with capital gain/ taxes) for a few hundred dollars, "if the market continues as is." It's not that much work. You'll get your 1099 from VG or whomever and you just put it in with your other interest income, etc. If your g...
by BanditKing
Mon Jul 17, 2017 1:45 pm
Forum: Investing - Help with Personal Investments
Topic: Invest the rest of the year in a tax account or save toward 2018 Roth
Replies: 9
Views: 630

Re: Invest the rest of the year in a tax account or save toward 2018 Roth

Why not both? Put it into taxable, and January 1 take $5500/$6500 out for the roth. Worst case you take a little capital gains hit, or harvest the loss. If you have a loss, maybe take it out before Dec 31 so it goes on your 2017 taxes.
by BanditKing
Sun Jul 16, 2017 10:33 pm
Forum: Personal Consumer Issues
Topic: Looking for Mobile MP3 Player, What Do You Use? Why?
Replies: 8
Views: 829

Re: Looking for Mobile MP3 Player, What Do You Use? Why?

I repurposed an old Galaxy S4 I wasn't using with a 64gb memory card, fresh new extended-life battery and a decent app to play it all. I turn everything off on it except bluetooth and it pretty much lasts forever before needing recharge.
by BanditKing
Fri Jul 14, 2017 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Possible Relocation to Portland, OR
Replies: 26
Views: 2168

Re: Possible Relocation to Portland, OR

It was my understanding, from what I've read, that if you live in WA, but work in OR, you have to pay OR Income tax anyways. Even if I was working from home, my official "office" would be in Portland proper. If I could technically be employed in WA, then yes I'd definitely consider being a...
by BanditKing
Wed Jul 12, 2017 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Possible Relocation to Portland, OR
Replies: 26
Views: 2168

Re: Possible Relocation to Portland, OR

Beautiful city. Lots to do; Sking, Hiking, Water Sport, great beer & food. I would definitely rent at first, maybe in one of the Suburbs. Public transportation is excellent. I know it's great. Long been at the top of my very short list of American cities to relocate to. If I could get even reas...
by BanditKing
Wed Jul 12, 2017 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Possible Relocation to Portland, OR
Replies: 26
Views: 2168

Possible Relocation to Portland, OR

TLDR; May relocate to Portland, OR and am wondering where to live. I had a second interview today for a new position and I believe it went very well. Will still need to work out the details, and there may be another interview round, but I’m optimistic. However, this would have me relocating from Mad...
by BanditKing
Tue Jun 27, 2017 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Middle age job blues
Replies: 86
Views: 8822

Re: Middle age job blues

This is scary to me too, because I'm exactly where the OP is. I'm 46 working in telecom sales. I've been looking for new work for the last few months (hoping to relocate to Denver) and I'm getting a lot of "they are looking for someone with less experience" when following up with recruiter...
by BanditKing
Mon Jun 26, 2017 6:20 pm
Forum: Investing - Help with Personal Investments
Topic: Looking into selling a structured settlement and need some advice
Replies: 66
Views: 4271

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

Don't sell. In fact, when the payments start coming, immediately save it or pay down debt - put it in 529s for the kids or pay off the house or cars, or whatever else. You and your family have a wonderful baseline for life, don't blow it away to spend 25% of its value on something that is currently ...
by BanditKing
Fri Jun 23, 2017 1:34 am
Forum: Investing - Help with Personal Investments
Topic: New Employer - New 401(k) Options
Replies: 12
Views: 804

Re: New Employer - New 401(k) Options

That's a good point that I may have misconstrued. I have read a number of things in the forums about international investment making up 20%, but I did take that to mean 20% of the portfolio. I can see how it would make much more sense as 20% equities. Do you think international making up 25% of equ...
by BanditKing
Fri Jun 23, 2017 1:24 am
Forum: Personal Consumer Issues
Topic: Bogleheads: Please help me pick a new car
Replies: 81
Views: 7042

Re: Bogleheads: Please help me pick a new car

Of that list, I'd go with the Lexus.

If you can find a CPO NX or NX Hybrid, the kid should be set through grad school. :)

The goal is to keep it maintained, clean, and long enough to put classic-car plates on it :)
by BanditKing
Thu Jun 22, 2017 1:46 pm
Forum: Investing - Help with Personal Investments
Topic: Emergency Fund too large
Replies: 31
Views: 5494

Re: Emergency Fund too large

You could flip the questions another way. How much of your $300k could you stand to lose "on paper", knowing it should eventually come back? If you're only willing to risk 20% of it, then that's different then if you're willing to risk 50% of it. From there, you can find a good AA for it. ...
by BanditKing
Thu Jun 22, 2017 10:30 am
Forum: Investing - Help with Personal Investments
Topic: New Employer - New 401(k) Options
Replies: 12
Views: 804

Re: New Employer - New 401(k) Options

Thanks for the input everyone! I will plan on going with the 48%, 12%, 20%, and 20% allocation. Just a quick clarification. Are you looking for international equity to be 20% of your overall portfolio? Or 20% of the equities portion of your portfolio? Usually, people here post in the later format (...
by BanditKing
Wed Jun 21, 2017 1:58 am
Forum: Investing - Help with Personal Investments
Topic: Royalties &/or Residuals: Invest?
Replies: 6
Views: 646

Re: Royalties &/or Residuals: Invest?

It's an income stream. Do with it what you would do with income normally. I assume over time the royalties will shrink. Personally, I'd consider it "found money" and use it to pay down any debt, makes sure my emergency fund was solid, and then send all of it to investments; pretend I'm not...
by BanditKing
Wed Jun 21, 2017 1:44 am
Forum: Investing - Help with Personal Investments
Topic: New Employer - New 401(k) Options
Replies: 12
Views: 804

Re: New Employer - New 401(k) Options

First, that's a GREAT 401k lineup! Second, check this out how to approximate total market using the S&P500+Extended market https://www.bogleheads.org/wiki/Approximating_total_stock_market Target retirement funds are great, and pretty much "set-it-and-forget-it" fund. Unless you want to...
by BanditKing
Mon Jun 19, 2017 5:09 pm
Forum: Investing - Help with Personal Investments
Topic: 19 y/o Windfall Questions
Replies: 25
Views: 3131

Re: 19 y/o Windfall Questions

aristotelian wrote:Probably the best thing you could do for her is take $20 of the $45K and buy the Bogleheads Guide, then let her decide how to invest it.



^^^ This
by BanditKing
Mon Jun 19, 2017 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: What Is The Right Amount For An Emergency Fund?
Replies: 27
Views: 2741

Re: What Is The Right Amount For An Emergency Fund?

I decided I need 2 years EF to feel comfortable. If I was in a field that was less-niche, I'd probably dial it back to 12 months. Just curios, but since your EF is so large (2 years) where do you keep it and do you do tiers? Yes, it's tiered. Some is at Ally Bank. Some is in Series I Bonds at treas...
by BanditKing
Sun Jun 18, 2017 8:49 pm
Forum: Investing - Help with Personal Investments
Topic: What Is The Right Amount For An Emergency Fund?
Replies: 27
Views: 2741

Re: What Is The Right Amount For An Emergency Fund?

My biggest risk of needing to dip into my EF is losing my job. Personally, I'm in a pretty niche field that would require me to relocate when/if I could get a new job. Ageism in the IT industry isn't exactly making it any easier. I decided I need 2 years EF to feel comfortable. If I was in a field t...
by BanditKing
Sun Jun 18, 2017 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Loan vs Mortgage
Replies: 29
Views: 2325

Re: Auto Loan vs Mortgage

Goal33, putting 20% down for a refinance would require more $$ out of pocket versus paying $29k to remove PMI. Should still look into it. With appreciation and your additions, might be able to hit <80%. Worst case it's just the cost of appraisal, but you can get a sense of value when you talk to th...
by BanditKing
Sun Jun 18, 2017 11:53 am
Forum: Personal Consumer Issues
Topic: Office Chair
Replies: 15
Views: 1304

Re: Office Chair

After years of waffling, I just purchased a loaded Aeron chair off Amazon for a little over $630 about a month ago (price has dropped since then). VERY happy with it. Did get different high-quality wheels for it (about $35). My back and butt feels MUCH better than my previous office-depot-quality ch...
by BanditKing
Sun Jun 18, 2017 3:01 am
Forum: Personal Finance (Not Investing)
Topic: Unexpected raise while househunting-- should I change my budget?
Replies: 21
Views: 2493

Re: Unexpected raise while househunting-- should I change my budget?

Don't buy more house than you need. A good BH rule-of-thumb. Take the 25% raise and consider it "found money" and save it to add to your emergency fund and for household repairs. Don't let the raise add to your lifestyle creep outside of joining a gym and maybe taking a roadtrip for a coup...
by BanditKing
Sun Jun 18, 2017 2:42 am
Forum: Investing - Help with Personal Investments
Topic: How to invest a windfall for the short term
Replies: 8
Views: 791

Re: How to invest a windfall for the short term

I have a windfall "cooking" right now in Vanguards Intermediate Muni fund (VWIUX). My IPS requires me to hold at least 90% of any windfall for at least six months in something relatively low risk before I can tap it. Probably a good option (or the Limited-term or Short-term versions of the...
by BanditKing
Sat Jun 17, 2017 9:54 pm
Forum: Investing - Theory, News & General
Topic: Your Favorite Portfolio Tilts
Replies: 86
Views: 6896

Re: Your Favorite Portfolio Tilts

I have a few small tilts. In Bonds, I recently added a 10% tilt towards Emerging Market International bonds In Equities, I have a 10% REIT tilt and the remainder tilts towards US (80/20 US/International) My US itself has a 20% tilt towards consumer goods (Vanguard's VDC ETF) My International has a 2...
by BanditKing
Sat Jun 17, 2017 8:17 pm
Forum: Personal Consumer Issues
Topic: Any alternatives to Tempur-Pedic for memory foam???
Replies: 12
Views: 1242

Re: Any alternatives to Tempur-Pedic for memory foam???

I have a Leesa and have had Tuft and Needles as well. Similar to Casper.

All three are very good quality. Research up which one would have the firmness you want.
by BanditKing
Fri Jun 16, 2017 11:52 am
Forum: Investing - Help with Personal Investments
Topic: USAA opinions. Worth it?
Replies: 29
Views: 2241

Re: USAA opinions. Worth it?

I was with USAA for over 30 years, but finally gave up on them two years ago. Even with multiple insurance products (vehicle, homeowners, umbrella), my rate were over twice what I could get at GEICO or American Family. Sure their service is great, but it just wasn't worth it. I think the thing that ...
by BanditKing
Thu Jun 15, 2017 11:23 pm
Forum: Investing - Help with Personal Investments
Topic: Mortgage Money - What to do if not paying off?
Replies: 2
Views: 512

Re: Mortgage Money - What to do if not paying off?

Money is fungible. It doesn't really care about where it comes from. You just need to know your tax situation as it relates to dividends. That said, you should not have a higher mortgage (or any debt)than you can comfortably handle. If it's that tight, you need to increase income (however you do it)...
by BanditKing
Thu Jun 15, 2017 10:16 pm
Forum: Investing - Help with Personal Investments
Topic: 23YO newbie looking for some help from the experienced!!
Replies: 8
Views: 771

Re: 23YO newbie looking for some help from the experienced!!

I thank everyone for their input. My car payment of 580 includes my insurance which is 280 dollars a month because of my age. I will work on getting my CC down to zero and work on my students loans. Would you suggest me maxing out on a ROTH IRA and then work on my deferred compensation? Also in reg...
by BanditKing
Thu Jun 15, 2017 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: 23YO newbie looking for some help from the experienced!!
Replies: 8
Views: 771

Re: 23YO newbie looking for some help from the experienced!!

The good news is your expenses are pretty low. If living at home is working for you and your parents (ie, you get along and you have adequate privacy), then no reason to change that any time soon. Because of that, you can do things a little different than the general recommended order. Start buy put...
by BanditKing
Thu Jun 15, 2017 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Curious to odd estate question
Replies: 88
Views: 5524

Re: Curious to odd estate question

Put it all on black. If you win, do it again. Repeat until red. Eventually you'll lose and have nothing.
by BanditKing
Tue Jun 13, 2017 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: Auto-Debit May Not Be Such a Good Idea
Replies: 25
Views: 3307

Re: Auto-Debit May Not Be Such a Good Idea

I do autopay on most everything that I can. I do "push" my mortgage payment on the 1st of the month from my bank, but that is scheduled as a recurring payment. If I can, it goes to my credit card. For those that don't take credit card, in my case, water, electric as well as my actual Fidel...
by BanditKing
Thu Jun 08, 2017 4:57 pm
Forum: Investing - Help with Personal Investments
Topic: Tax-Efficient Placement - International Bonds
Replies: 3
Views: 367

Tax-Efficient Placement - International Bonds

I know many BHers aren't big on International Bonds, and I personally am still undecided on their overall diversification value. That said, VWOB/VGAVX has caught my attention lately, though I acknowledge a little recency-bias in that interest coupled with a couple articles I've read. Out of curiosit...
by BanditKing
Wed Jun 07, 2017 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Have GEICO auto, asked for quote online, $150 less
Replies: 30
Views: 3808

Re: Have GEICO auto, asked for quote online, $150 less

I'm at GEICO. Recently removed my soon-to-be-ex wife and the premium recalculated to $370/6-mo. I have a $500 deductible, full coverage and roadside service. This is for a 2012 Lincoln MKX and a small tow-behind popup/AFrame camper. I also have a $1M Umbrella policy with them for about $120/yr. GEIC...
by BanditKing
Wed Jun 07, 2017 10:01 pm
Forum: Personal Consumer Issues
Topic: Buying a House with an Old but Working Roof
Replies: 19
Views: 1201

Re: Buying a House with an Old but Working Roof

Offer less and explain why. Save some to replace the roof in 5-10 years.
by BanditKing
Tue Jun 06, 2017 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Boglehead Board Game!!
Replies: 31
Views: 2454

Re: Boglehead Board Game!!

oldcomputerguy wrote:
Teague wrote:Your Corolla reaches 300,000 miles. Spend eight bucks to get it washed.


Or spend $2 at the local u-wash-it.


I dunno, for 300k, I think one can splurge a little bit. Sometimes you just have to treat yourself, y'know?
by BanditKing
Tue Jun 06, 2017 9:52 am
Forum: Investing - Help with Personal Investments
Topic: Looking at purchasing a commercial property, how do these terms look?
Replies: 8
Views: 674

Re: Looking at purchasing a commercial property, how do these terms look?

Sounds to me like if you are scrambling to understand it at this very last moment, maybe now isn't the time to be buying and you should wait for the next opportunity while you educate yourself. There is a lot of information missing to make a recommendation (occupancy, rents, etc). Personally, if I w...
by BanditKing
Tue Jun 06, 2017 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Boglehead Board Game!!
Replies: 31
Views: 2454

Re: Boglehead Board Game!!

Every turn, you can choose to move ahead 2 spaces (slow and steady) for free and get +5% of your money, or draw a movement card which could have you move ahead 3 or 4 or 5 spaces, or send you back the same and give you anywhere from -20% to +20% of your money. The movement cards are rigged against y...
by BanditKing
Mon Jun 05, 2017 2:41 pm
Forum: Investing - Help with Personal Investments
Topic: Benefits of waiting to convert $4,000,000 in IRAs into Roth
Replies: 41
Views: 4830

Re: Benefits of waiting to convert $4,000,000 in IRAs into Roth

serbeer wrote:Per OP, "There is no state income tax."


Missed that. Thanks for the correction. :)
by BanditKing
Mon Jun 05, 2017 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: laptop advice
Replies: 20
Views: 1345

Re: laptop advice

SSD is very nice in part because it uses a lot less power, in addition to being blazingly fast and more rugged than a hard drive. I purchased an Asus ZenBook Flip UX360CA with a 512gb SSD (Windows 10) about 10 months ago and I'm exceedingly happy with it. It's lightweight, rugged (metal case), good ...
by BanditKing
Mon Jun 05, 2017 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor via Solo 401k
Replies: 14
Views: 989

Re: Backdoor via Solo 401k

As far as setting up a Solo401k. Fidelity's is free, and I believe Vanguards is free if you have $50k or more in funds in your name. There's setup paperwork, and an annual filing if reach a certain amount in the account (from memory, but I think it's $250k), but both are fairly straight forward and ...
by BanditKing
Mon Jun 05, 2017 1:58 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard ETF vs Admiral class
Replies: 18
Views: 1857

Re: Vanguard ETF vs Admiral class

I like low fees on principle, even if it reflects only a few dollars of savings in the end. As such, if I can't reach admiral thresholds, I will often pick up the ETF version until I do have enough. For example, in my taxable, I have about $6500 in VWO (Vanguard FTSE Emerging Markets ETF). When I ge...