Search found 442 matches

by BanditKing
Tue Apr 25, 2017 9:25 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement income for 50+ years?
Replies: 123
Views: 8380

Re: Retirement income for 50+ years?

Where will you be living? $300k is a lot different depending on local cost of living. Moving to a low-cost state with low taxes and you'll be set forever. I agree that using tax-free munis is a great way to have a stream of income, and you should keep your tax rate down to almost nothing, giving you...
by BanditKing
Mon Apr 24, 2017 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Ally Bank - Savings Account Rate Increased!
Replies: 70
Views: 7899

Ally Bank - Savings now 1.05%

[Merged BanditKing's topic and its replies into this existing thread - moderator prudent]

I didn't see a previous thread about it (probably missed it), but I saw this morning that Ally has raised the the interest on the savings accounts to 1.05%.

Checking is still .10%/.60%.
by BanditKing
Mon Apr 24, 2017 9:28 am
Forum: Investing - Theory, News & General
Topic: Is $20K I-Bonds considered cash or bond?
Replies: 62
Views: 4150

Re: Is $20K I-Bonds considered cash or bond?

I consider mine part of my emergency fund, so they are ignored as part of my overall asset allocation.

Should the balance ever reach levels that exceed my EF need, then I'd consider them to be fixed-income/bonds.
by BanditKing
Thu Apr 20, 2017 5:32 pm
Forum: Personal Consumer Issues
Topic: Fidelity card 2% but NOT as statement credit
Replies: 27
Views: 2534

Re: Fidelity card 2% but NOT as statement credit

So if you had the 1.5% visa before then it's still only providing 1.5% cashback now. I was in this boat and they refused to convert it to the new 2% program so I closed the account and opened a brand new one under the new program. Strange that they wouldn't convert it. The did for me, so I had two ...
by BanditKing
Wed Apr 19, 2017 11:31 pm
Forum: Investing - Help with Personal Investments
Topic: Real estate rate of return?
Replies: 34
Views: 3111

Re: Real estate rate of return?

Curious, since the OP has maxed their tax-advantaged accounts, is there an advantage to washing income through an LLC to do a solo 401k pre-tax contribution (assuming they do not already max the entire $53,000/$59,000 total limit). This might afford a little more tax-advantaged space (often overlook...
by BanditKing
Wed Apr 19, 2017 11:06 pm
Forum: Personal Consumer Issues
Topic: Fidelity card 2% but NOT as statement credit
Replies: 27
Views: 2534

Re: Fidelity card 2% but NOT as statement credit

I use my Fido 2% for pretty much everything, and the cash back goes into my Fidelity brokerage account. I use that as "play" money and own a couple random no-fee ETFs there because why not - maybe $1k total. Last year I had $800 in cash back, in part because I put some roof repairs for our...
by BanditKing
Wed Apr 19, 2017 12:01 pm
Forum: Personal Consumer Issues
Topic: Favorite online sources for household & personal care items?
Replies: 11
Views: 766

Re: Favorite online sources for household & personal care items?

Honestly, I get most-everything from Amazon. I use the Amazon Store Card, which gives you a 5% statement credit if you also have Amazon Prime (I use prime for the 2-day shipping plus several of the other benefits it comes with). In general, prices are on par with what I can get locally, with the exc...
by BanditKing
Wed Apr 19, 2017 9:28 am
Forum: Investing - Theory, News & General
Topic: Selling Mutual Fund shares - watch ETF prices at 3:45pm?
Replies: 19
Views: 1975

Re: Selling Mutual Fund shares - watch ETF prices at 3:45pm?

Sometimes when I am rebalancing between differing classes, I'll do it on a day favorable for that exchange. Not because it really saves me hugely, but just because it makes me feel good. I know the next day will be likely the opposite, or what I just bought could drop another 2%. I call it less &quo...
by BanditKing
Mon Apr 17, 2017 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: Pension option-Should I include child?
Replies: 33
Views: 2112

Re: Pension option-Should I include child?

Two words. DO IT.

Rely on your own guidance to teach your child the lessons they need when the time comes. No need to overthink this. :happy
by BanditKing
Sun Apr 16, 2017 9:57 pm
Forum: Investing - Theory, News & General
Topic: Investors backing off their equity AA primarily due to 8-year bull market?
Replies: 56
Views: 4556

Re: Investors backing off their equity AA primarily due to 8-year bull market?

My IPS calls for a current 74/26 split in my AA, calculated as Bond%=AGE-20 (I am 46) with 20% international. That said, I do have an opportunity to update my IPS later this year (qualifying event = divorce) and may adjust that to be AGE-15. I also may increase my international to 25% or 30%. If I d...
by BanditKing
Sun Apr 16, 2017 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Help me decide pension benefits, single life, 50%, 75% and/or 100% survival benefits
Replies: 41
Views: 2546

Re: Help me decide pension benefits, single life, 50%, 75% and/or 100% survival benefits

I'd think a bit key are the amounts we are discussing. If the residual spousal pension would be 10% of her total income inclusive of SS, that's one thing, but a whole different question if it would be 40% of her income. Hitting us with some numbers - expected pension at 100%, and what your joint and...
by BanditKing
Thu Apr 13, 2017 1:22 pm
Forum: Personal Consumer Issues
Topic: Backyard shed, wood or plastic?
Replies: 31
Views: 2667

Re: Backyard shed, wood or plastic?

I'm curious - are those containers ventilated? If not, is there quite a heat buildup in warm weather if the door is not opened regularly? How about condensation in the winter? They have a little ventilation in them, but not a lot. Things will get warm/humid in them, so you don't want anything in it...
by BanditKing
Wed Apr 12, 2017 9:12 am
Forum: Investing - Help with Personal Investments
Topic: Few questions to those who switched to Ally Checking
Replies: 69
Views: 5395

Re: Few questions to those who switched to Ally Checking

Thanks. I knew I wasn't the only one. I have a local plus Ally. Even if I could plan it, I don't even know how I'd get $5K in cash from Ally. They won't mail it to you. Do I have to go to the ATM every day for 10 days? What a pain. I wish they could create an affiliation with a national bank that w...
by BanditKing
Wed Apr 12, 2017 9:04 am
Forum: Personal Consumer Issues
Topic: Backyard shed, wood or plastic?
Replies: 31
Views: 2667

Re: Backyard shed, wood or plastic?

If aesthetics isn't an issue, a 20' steel cargo container makes for a GREAT "shed". I used one as storage on some wooded camping land I used to own. Cost about $1500 including delivery. Had a couple minor dents from its previous travels, but not enough to matter. It's weather proof, rodent...
by BanditKing
Tue Apr 11, 2017 12:45 pm
Forum: Investing - Help with Personal Investments
Topic: Few questions to those who switched to Ally Checking
Replies: 69
Views: 5395

Re: Few questions to those who switched to Ally Checking

If you've already linked the Ally account to Fidelity/Vanguard/etc, the ACH pull is usually next day, or two days. I just did a $30k pull from my local credit union where I deposited the check (sold some property), to Vanguard, and an additional $5k to Ally, and both were processed that evening and ...
by BanditKing
Mon Apr 10, 2017 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Article--Money Funds Yielding Over 1.​0 Percent Makes News; More Coming Soon
Replies: 21
Views: 2759

Re: Article--Money Funds Yielding Over 1.​0 Percent Makes News; More Coming Soon

I'm expecting Ally to bump their savings to 1.05 or 1.10 at some point in the next couple months, just to get some marketing traction from going >1%. A lot of BHs keep their EF and cash there, so we might all be able to afford another snickers soon!
by BanditKing
Fri Apr 07, 2017 8:06 pm
Forum: Investing - Theory, News & General
Topic: one last stupid question [What are "cash equivalents"?]
Replies: 44
Views: 4154

Re: one last stupid question

...anything in a brokerage or mutual fund is liquid within a few days... BanditKing, would you be concerned about incurring capital gains tax liability if you had to cash out your VWIUX bucket? thanks Honestly, not at all. In my case, I have a big capital loss I'll be carrying for several years, so...
by BanditKing
Fri Apr 07, 2017 11:35 am
Forum: Investing - Theory, News & General
Topic: one last stupid question [What are "cash equivalents"?]
Replies: 44
Views: 4154

Re: one last stupid question

I think "cash" is a misnomer here. What you are really saying is "liquid assets that are as close to 100% principle-protected as possible". These days, really anything in a brokerage or mutual fund is liquid within a few days (sell it, then ACH the proceeds to your bank). What mo...
by BanditKing
Mon Apr 03, 2017 10:26 am
Forum: Local Chapters and Bogleheads Community
Topic: Wisconsin - Madison Meetings - Master Thread
Replies: 98
Views: 22351

Re: Wisconsin - Madison Meetings - Master Thread

I'm not yet at retirement age (46), but have been thinking about it. I would not want to retire in Madison. Winters are cold. And seem to get colder in the bones every year. Taxes in the state seem high, services are get fewer and fewer, and the economy, at least outside Dane County (Madison) isn't ...
by BanditKing
Sun Apr 02, 2017 9:22 pm
Forum: Investing - Help with Personal Investments
Topic: Grandparent owned Merrill lynch 529-how to avoid fees?
Replies: 6
Views: 427

Re: Grandparent owned Merrill lynch 529-how to avoid fees?

Doesn't each state have a central 529? I know Wisconsin does and I have 529s for a Niece and Newphew in it. Ours is managed by TIAA-CREF and is very reasonable on the fee front.
by BanditKing
Sun Apr 02, 2017 3:08 pm
Forum: Investing - Help with Personal Investments
Topic: Currently have $700,000 at 26 years old get $100,000 a year
Replies: 80
Views: 10850

Re: Currently have $700,000 at 26 years old get $100,000 a year

As for what to do with your life - figure out what you love and do that. If you live painting, paint. If you love writing, write. Find a passion and do that. You'll be the happiest. Don't worry about meeting the right partner or getting married. Let that come naturally, preferably someone you find ...
by BanditKing
Sun Apr 02, 2017 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: Currently have $700,000 at 26 years old get $100,000 a year
Replies: 80
Views: 10850

Re: Currently have $700,000 at 26 years old get $100,000 a year

I start spending too much like live lavish lifestyle bc of a college girl. So don't do that. Live life like you only make $50k/yr, including how you date. Drive a Camry and live in a simple home/condo. Start doing bad things that cause addiction and cost too much. So don't do that. You know it's a ...
by BanditKing
Sun Apr 02, 2017 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Single Member LLC and solo 401(k) question
Replies: 7
Views: 742

Re: Single Member LLC and solo 401(k) question

The "business" can also contribute up to 25% of her draw as an expense. For example, if the business made $125k in revenue, and had $25,000 in expenses, with the remaining 100k that was drawn as an owner's draw, you could put in $18,000 as the owner contribution, $25,000 as the "busin...
by BanditKing
Sat Apr 01, 2017 4:24 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds in Taxable Account (High Tax Bracket)?
Replies: 23
Views: 2222

Re: Bonds in Taxable Account (High Tax Bracket)?

Vanguard has great California Tax-exempt funds which should be free from both Federal and state taxes. https://personal.vanguard.com/us/funds/snapshot?FundIntExt=INT&FundId=0100 for example, or it's Admiral-class sister. There are other terms available too. That's what you hold in your taxable i...
by BanditKing
Fri Mar 31, 2017 4:13 pm
Forum: Investing - Theory, News & General
Topic: anyone factor in future inheritance?
Replies: 78
Views: 4798

Re: anyone factor in future inheritance?

I don't. In fact, my IPS in effect "prohibits it". Any possible inheritances will not be taken into consideration until after they occur. Furthermore, it (likely) qualifies as a windfall, which triggers the windfall rule, too. At least 90% of any windfall exceeding $10,000, including inher...
by BanditKing
Thu Mar 30, 2017 6:40 pm
Forum: Investing - Help with Personal Investments
Topic: Payoff car or invest
Replies: 10
Views: 898

Re: Payoff car or invest

To me, anything on vehicles above 2% or so and it probably makes more sense to snowball the loan and pay it off. It's a guaranteed almost 3% return, and once paid off frees up a very large amount of cashflow.

My advice, pay it off hard, and next time maybe get a cheaper car :)
by BanditKing
Thu Mar 30, 2017 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: Handling a Large Capital Loss
Replies: 3
Views: 446

Handling a Large Capital Loss

A few years ago I purchased some unimproved wooded property with the intention of building on it and flipping it. Due to impending divorce, coupled with the possibility of moving out of state, I sold it at a total loss of about $45k. The main reason for the dramatic drop in price is a change in zoni...
by BanditKing
Thu Mar 30, 2017 11:35 am
Forum: Investing - Help with Personal Investments
Topic: Few questions to those who switched to Ally Checking
Replies: 69
Views: 5395

Re: Few questions to those who switched to Ally Checking

Anyone can comment how long it took Ally to get back to them with new account? I was surprised they asked for 3-5 business days while B&M banks open instantly (though, I never opened online account before) I assume direct deposit is part of the 6 transaction limit? When I signed up for Ally a c...
by BanditKing
Tue Mar 28, 2017 8:38 pm
Forum: Personal Consumer Issues
Topic: Versatile economical RV recommendations for a frugal retiree?
Replies: 59
Views: 4045

Re: Versatile economical RV recommendations for a frugal retiree?

Solar is really not for running anything in real time with it. It will just work to top off your batteries. Most off-griders will install two 12v or 6v batteries for a total capacity of about 225AH @ 12v. That is plenty of power to run all the lights, water pump, etc virtually forever. If you use th...
by BanditKing
Tue Mar 28, 2017 4:17 pm
Forum: Personal Consumer Issues
Topic: Versatile economical RV recommendations for a frugal retiree?
Replies: 59
Views: 4045

Re: Versatile economical RV recommendations for a frugal retiree?

Rupert wrote:Wait for the Airstream Nest Caravan, coming summer 2017 . . .



oooooo, that looks sexy ....
by BanditKing
Tue Mar 28, 2017 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Daughter maxed out credit cards, needs help from me
Replies: 92
Views: 4701

Re: Daughter maxed out credit cards, needs help from me

Ask her what she thinks is fair in terms of paying it back. It might help if she doesn't feel the terms are forced on her, but instead you arrive at them together. You can still mandate tearing up cards and personal finance education, but the actual $$$ terms - invite her to suggest what is fair for...
by BanditKing
Tue Mar 28, 2017 2:26 pm
Forum: Personal Consumer Issues
Topic: Should we take 0.9% auto financing?
Replies: 27
Views: 2026

Re: Should we take 0.9% auto financing?

Almost always you can get the price on a vehicle reduced, sometimes noticeably, if you take the dealer financing. Do it, pay it off a month or two later.
by BanditKing
Tue Mar 28, 2017 9:16 am
Forum: Personal Consumer Issues
Topic: Versatile economical RV recommendations for a frugal retiree?
Replies: 59
Views: 4045

Re: Versatile economical RV recommendations for a frugal retiree?

Thanks for the link Bandit. I didn't know the Escapes came with a tandem. A bit longer than my needs. I have a tight turn into my driveway so one of the reasons for length considerations, also not to go too high or low side on back roads. They have a 19' version as well that is tandem. Everything I...
by BanditKing
Mon Mar 27, 2017 4:55 pm
Forum: Personal Consumer Issues
Topic: Virtual Private Networks (VPNs)
Replies: 149
Views: 10395

Re: Virtual Private Networks (VPNs)

Curious if anyone has any experience with VPN Providers that support application-level split tunneling. I'd like to tunnel most things, but NOT tunnel latency-sensitive things such as games or voice communications. I'm not super technical any more, so I'd really not like to jump in and start buildi...
by BanditKing
Mon Mar 27, 2017 3:11 pm
Forum: Personal Consumer Issues
Topic: Virtual Private Networks (VPNs)
Replies: 149
Views: 10395

Re: Virtual Private Networks (VPNs)

Curious if anyone has any experience with VPN Providers that support application-level split tunneling. I'd like to tunnel most things, but NOT tunnel latency-sensitive things such as games or voice communications. I'm not super technical any more, so I'd really not like to jump in and start buildin...
by BanditKing
Mon Mar 27, 2017 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Sell our house in hot market?
Replies: 14
Views: 1464

Re: Sell our house in hot market?

The BH motto is to live below your means. If you can move in with your in-laws cheap or free, that's like getting a second $60k/yr job (tax free). If the family all gets along, I say sell it while you can and go for it :)
by BanditKing
Mon Mar 27, 2017 12:09 pm
Forum: Personal Consumer Issues
Topic: Versatile economical RV recommendations for a frugal retiree?
Replies: 59
Views: 4045

Re: Versatile economical RV recommendations for a frugal retiree?

http://escapetrailer.com/trailers/the-21-escape/

Lightweight, standing room, dual axle.

I use an a-frame tow-behind, but that's going to be too small for your need.
by BanditKing
Mon Mar 27, 2017 9:16 am
Forum: Personal Consumer Issues
Topic: Need advice about massive changes in daughter's college program by dean
Replies: 52
Views: 4134

Re: Need advice about massive changes in daughter's college program by dean

My recommendation - transfer to a better school. You're likely not to get the program changed, and it sounds like the change in focus is more so they can leech off academics in other departments (cheaper - lots of graduate assistants and adjuct faculty), rather than run a robust program of their own...
by BanditKing
Mon Mar 27, 2017 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Massive Student Loan Debt - Girlfriend
Replies: 86
Views: 7232

Re: Massive Student Loan Debt - Girlfriend

Having just gone through a marriage with a similar circumstance, a few observations. 1) Why do you want to get married? If it's just because you're "supposed to", then that isn't really a good reason. There may be very good financial reasons to not be married as she may qualify for various...
by BanditKing
Sun Mar 26, 2017 9:27 am
Forum: Personal Consumer Issues
Topic: Azera--Any thoughts on this vehicle
Replies: 3
Views: 443

Re: Azera--Any thoughts on this vehicle

Had a 2007 Azera and was perfectly happy with it, except that the gas mileage was pretty poor in comparison, which was just aggravating, if anything, since we were in that $4/gallon time. Hyundai seems to, as a whole, have noticeably worse mileage than other compatible models - I assume Kia is the s...
by BanditKing
Wed Mar 22, 2017 4:27 pm
Forum: Personal Consumer Issues
Topic: My New Car Buying Tips
Replies: 218
Views: 47119

Re: My New Car Buying Tips

I'm trying to see if there is a simpler solution to get them to go real low but it doesn't seem like it unless I actually give them a number and play the back and forth game. You could also start with "I have the TrueCar value in front of me, and am giving you an opportunity to do better"...
by BanditKing
Wed Mar 22, 2017 4:15 pm
Forum: Investing - Theory, News & General
Topic: Understanding Bond Yields - Check my math...
Replies: 4
Views: 427

Understanding Bond Yields - Check my math...

I was reading another thread ( https://www.bogleheads.org/forum/viewtopic.php?f=10&t=213782 ) that started disecting how bond yields are listed and determined, and how this inter-related with bond funds. Of course, this started me down a rabbit hole to learn something new and I think I have a fi...
by BanditKing
Tue Mar 21, 2017 8:51 pm
Forum: Local Chapters and Bogleheads Community
Topic: Online group meetings via web conference? [Virtual online chapter]
Replies: 31
Views: 2586

Re: Online group meetings via web conference? [Virtual online chapter]

WebEx or Gotomeeting might be willing to donate the time in exchange for a prominent mention given that we have a customer base that in many cases are decision makers, especially if it's only quarterly or even monthly. Definitely want to use a more-commercial product though that doesn't have hard-ca...
by BanditKing
Tue Mar 21, 2017 3:21 pm
Forum: Personal Consumer Issues
Topic: Purchasing a 2017 Hyundai Sonata Sport 2.0T
Replies: 16
Views: 1272

Re: Purchasing a 2017 Hyundai Sonata Sport 2.0T

We have a 2015 Sonata Hybrid. It's been a perfectly fine car, although the infotainment is very dated - I think they respun it in the next model year. However, the Mileage when we first got it was a respectable 35-38. Now, two years later, it is clocking in closer to 30. The dealer has given us a bi...
by BanditKing
Tue Mar 21, 2017 3:08 pm
Forum: Investing - Help with Personal Investments
Topic: Does Vanguard have contrarian funds ?
Replies: 25
Views: 1856

Re: Does Vanguard have contrarian funds ?

The problem is if the next bear market is precipitated by fears of rising inflation (rather than a banking-property financial crash, or the dot com crash of 2000-03) then long Treasury Bonds won't do well i.e. in a rerun of the 1970s. So what's the appropriate hedge in such an environment? *curious*
by BanditKing
Sun Mar 19, 2017 9:27 pm
Forum: Personal Consumer Issues
Topic: A SUV for towing a Travel Trailer
Replies: 71
Views: 4721

Re: A SUV for towing a Travel Trailer

Toyota Highlander. Will tow 5000 lbs and is a really nice car. It is likely to be my tow-vehicle upgrade when I move on from my Lincoln MKX (aka, pimped out Ford Edge) which has a 3500lb tow capacity. I'm hoping to move to a larger AFrame or Fiberglass camper than my current smaller AFrame. A mid-si...
by BanditKing
Sun Mar 19, 2017 2:35 am
Forum: Personal Finance (Not Investing)
Topic: Relocation to Milwaukee
Replies: 38
Views: 2824

Re: Relocation to Milwaukee

I've lived in Wisconsin since 2002, and in my opinion, it is not the state it once was. Income taxes are high with fewer and fewer services, costs of living are high, property taxes are through the roof, and the economy, with the exception maybe of Dane County (Madison) is pretty much tanking or at ...
by BanditKing
Wed Mar 15, 2017 10:32 am
Forum: Investing - Help with Personal Investments
Topic: Where do you save for large purchases?
Replies: 42
Views: 2937

Re: Where do you save for large purchases?

My $20,000 Planned Large Purchases fund is kept 50% at Ally Bank earning 1%, and 50% in my Vanguard Taxable in VWIUX (Intermediate Term Municipal Fund). I use this to dip into for vacations, computers, remodels and maintenance, etc. It is not considered in calculating my overall asset allocation, an...
by BanditKing
Tue Mar 14, 2017 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: 250k Student Loan Payment Schedule
Replies: 64
Views: 8573

Re: 250k Student Loan Payment Schedule

Does your 401k have a Brokerage Link option? If so, you might be able to get into a longer-term bond fund with a low cost that way.
by BanditKing
Tue Mar 14, 2017 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: What Do You Keep In Your Bank Safe Deposit Box?
Replies: 66
Views: 7442

Re: What Do You Keep In Your Bank Safe Deposit Box?

SS Card Estate planning documents, medical directives, trust info 4TB Hard drive with everything on it - I swap it with an identical updated one every few months Car title DD-214 Paper iBonds (going to convert these to electronic at some point when I get around to it) Passport - when I remember to p...

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