Search found 971 matches

by Bfwolf
Fri Feb 05, 2016 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Eligibility documents for Obamacare premium tax credit
Replies: 13
Views: 774

Re: Eligibility documents for Obamacare premium tax credit

Update on this. Got a message today from healthcare.gov that said in part: "We requested documentation to prove your household annual income, and sufficient documentation wasn't provided. We've used the most recent income data sources available to determine the amount of tax credit you can get....
by Bfwolf
Thu Feb 04, 2016 9:30 pm
Forum: Personal Consumer Issues
Topic: Charities for Bogleheads?
Replies: 23
Views: 1043

Re: Charities for Bogleheads?

I second the recommendation to take a look at http://www.givewell.org. To me, they take the Boglehead approach to identifying the most worthy charities...they are attempting to see which charities have measurable results and can make the most difference with donor dollars. They don't really care wha...
by Bfwolf
Tue Feb 02, 2016 10:22 pm
Forum: Personal Consumer Issues
Topic: Unwinding day old terrible car deal for mother-in-law
Replies: 186
Views: 15574

Re: Unwinding day old terrible car deal for mother-in-law

Negotiating a price anonymously was a canny move. I think you've done a good job managing a bad situation.
by Bfwolf
Mon Feb 01, 2016 8:53 pm
Forum: Personal Consumer Issues
Topic: Unwinding day old terrible car deal for mother-in-law
Replies: 186
Views: 15574

Re: Unwinding day old terrible car deal for mother-in-law

How do you plan on dealing with the fact that the dealership will be unlikely to negotiate with you on a used car since they know they have you over a barrel on purchasing one?
by Bfwolf
Sat Jan 30, 2016 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: What age does LBYM (being a big saver) pay off?
Replies: 81
Views: 9755

Re: What age does LBYM (being a big saver) pay off?

I got laid off a year and a half ago at the age of 38 and realized I didn't need another stressful corporate job. With my significant savings, frugal lifestyle, and side jobs, I could get along just fine for the rest of my life without working for the man again. So for me, it paid off in spades at t...
by Bfwolf
Fri Jan 29, 2016 1:30 am
Forum: Personal Finance (Not Investing)
Topic: Hi every one i have a question about the finance
Replies: 19
Views: 1439

Re: Hi every one i have a question about the finance

I recommend a Total US Index Fund rather than messing around with individual companies like Walmart or Costco. 8-)
by Bfwolf
Thu Jan 28, 2016 11:55 pm
Forum: Investing - Help with Personal Investments
Topic: new boglehead
Replies: 16
Views: 1114

Re: 23 year old.. new boglehead

Okay so moving forward... Contribute 6% to my 401k and get 9% employer match sticking with the two index fund options (500 index and small cap index) Instead of paying 500 a month into my taxable vanguard account, put 500 a month into an Roth IRA which will max it out by year end. (Should I use dif...
by Bfwolf
Thu Jan 28, 2016 6:25 pm
Forum: Investing - Help with Personal Investments
Topic: new boglehead
Replies: 16
Views: 1114

Re: 23 year old.. new boglehead

Assuming your 401k is not hitting you with significant other 401k administrative fees (which they are required by law to disclose to you annually), you have a good 401k and can replicate the US stock market with the two index funds as BL says. I'll repeat my recommendation from my last post. Put 20%...
by Bfwolf
Thu Jan 28, 2016 5:12 pm
Forum: Investing - Help with Personal Investments
Topic: new boglehead
Replies: 16
Views: 1114

Re: 23 year old.. new boglehead

First congratulations on getting a good job out of college, and embracing a live below your means philosophy: right now you are virtually debt free and are saving 20% of your $60K salary PLUS getting a generous 401k match which is excellent for somebody your age. When you don't have much money, how ...
by Bfwolf
Fri Jan 22, 2016 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Booking airfare via Citi and Chase rewards
Replies: 16
Views: 742

Re: Booking airfare via Citi and Chase rewards

As mentioned, the Thank You Premier card does what you're asking for. 50K bonus miles when you sign up, which translates to $625 in travel credit through their portal. Atlanta is a tough market because of Delta's dominance...Delta has one of the worst FF programs out there. So 1.25 cents a point to ...
by Bfwolf
Fri Jan 22, 2016 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Eligibility documents for Obamacare premium tax credit
Replies: 13
Views: 774

Re: Eligibility documents for Obamacare premium tax credit

That's interesting info about getting to keep much of the monthly assistance even if your income is higher than you thought it would be. I might give the monthly assistance a go for 2017 when documenting my lower income should be a lot easier.
by Bfwolf
Thu Jan 21, 2016 11:50 am
Forum: Personal Consumer Issues
Topic: Smoke detector battery install fail
Replies: 19
Views: 866

Re: Smoke detector battery install fail

What I find odd is that it was just making the single chirp until I took the old battery out. That's when it started making the triple chirp (3 chirps in extremely rapid succession) which I can't get to go away. That is fascinating. With no source of power it triple chirps indefinitely? It's hardwi...
by Bfwolf
Thu Jan 21, 2016 9:27 am
Forum: Personal Consumer Issues
Topic: Smoke detector battery install fail
Replies: 19
Views: 866

Re: Smoke detector battery install fail

So after 3.5 hours, I figured out how to unplug the unit from the hardwired electricity. :oops: That stopped the incessant beeping. The maintenance guy then came over. We replaced the battery again and plugged it back in. No beeping. I suspect that taking the original old battery out triggered some ...
by Bfwolf
Thu Jan 21, 2016 8:05 am
Forum: Personal Consumer Issues
Topic: Smoke detector battery install fail
Replies: 19
Views: 866

Re: Smoke detector battery install fail

Page 27 of user manual Troubleshooting Guide: "Once a minute, the alarm sounds 3 quick “chirps”, and the green light flashes quickly three times.? https://www.crawfordelectricsupply.com/Images/img/029054/1716472.pdf :happy Ugh, this sounds like it. Great, unit needs to be replaced. Well, the c...
by Bfwolf
Thu Jan 21, 2016 6:57 am
Forum: Personal Consumer Issues
Topic: Smoke detector battery install fail
Replies: 19
Views: 866

Re: Smoke detector battery install fail

Ugh, I hope I don't need to replace it. I just went and bought a fresh pack of 9V batteries. Made no difference. What I find odd is that it was just making the single chirp until I took the old battery out. That's when it started making the triple chirp (3 chirps in extremely rapid succession) which...
by Bfwolf
Thu Jan 21, 2016 6:28 am
Forum: Personal Consumer Issues
Topic: Smoke detector battery install fail
Replies: 19
Views: 866

Re: Smoke detector battery install fail

My smoke detector is a BRK SC6120B.
by Bfwolf
Thu Jan 21, 2016 6:23 am
Forum: Personal Consumer Issues
Topic: Smoke detector battery install fail
Replies: 19
Views: 866

Smoke detector battery install fail

About an hour ago my smoke/carbon monoxide detector started doing a low battery chirp (it's always in the middle of the night!). I took the old battery out and put a new battery in. The new battery has an expiration date of 2019. However, now the detector is making a triple chirp, which I'm guessing...
by Bfwolf
Wed Jan 20, 2016 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Eligibility documents for Obamacare premium tax credit
Replies: 13
Views: 774

Re: Eligibility documents for Obamacare premium tax credit

I called the Health Insurance Marketplace. The first person I spoke to understood what I was asking, but still said that I had to send the proof of income in. I asked to speak to a supervisor. She said the supervisor would say the same thing. I asked to speak to the supervisor anyway. The supervisor...
by Bfwolf
Wed Jan 20, 2016 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Boglehead threads you wish had an update
Replies: 5
Views: 791

Boglehead threads you wish had an update

Apologies to the moderators if this is considered an inappropriate topic, but I'm wondering if there are particular Boglehead threads that have stuck with people, and they wish the OP had posted an update to let us know the outcome. For me, this thread https://www.bogleheads.org/forum/viewtopic.php?...
by Bfwolf
Wed Jan 20, 2016 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Eligibility documents for Obamacare premium tax credit
Replies: 13
Views: 774

Eligibility documents for Obamacare premium tax credit

I am on an Obamacare plan and my income should be low enough to qualify for a premium tax credit. However, my income in prior years has been higher and I realized it would be a pain to try and "prove" I deserve the credit, so I chose to receive none of the credit during 2016 and instead co...
by Bfwolf
Wed Jan 20, 2016 12:39 am
Forum: Investing - Help with Personal Investments
Topic: Should I use some of my emergency fund to buy cheap stocks right now?
Replies: 36
Views: 4055

Re: Should I use some of my emergency fund to buy cheap stocks right now?

I think that no matter how high my net worth is someday, I would never consider $100,000 loss a "round off error." :happy IMHO someone with $1M in a taxable account has little need for a separate EM, just appropriate AA so that if they do need to tap into that money they can pull it out o...
by Bfwolf
Tue Jan 19, 2016 5:05 pm
Forum: Investing - Help with Personal Investments
Topic: I'd rather stick than go to cash, but.
Replies: 19
Views: 2364

Re: I'd rather stick than go to cash, but.

I agree with jjface. Based on the situation you described, you are in fine shape for your money to last close to 30 years even under unfavorable market conditions. In the study that jjface references (the Trinity Study), you hold 50% of your money in stocks and 50% in bonds...then you withdraw 4% of...
by Bfwolf
Tue Jan 19, 2016 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Savings By Hiring Wife Solo 401k
Replies: 16
Views: 1210

Re: Tax Savings By Hiring Wife Solo 401k

So is it fair to say a 1% tax drag for the 401k vs Taxable? We are 24 so assume 30 years maybe more till retirement for 53K. 7% return in taxable account over 30 years = $403,449.52 8% in 401k over 30 years = $533,320.84 That will def beat the extra 11K social security paid for hiring my wife :). I...
by Bfwolf
Tue Jan 19, 2016 3:07 am
Forum: Personal Consumer Issues
Topic: How do you use your Chase Freedom rewards?
Replies: 23
Views: 2053

Re: How do you use your Chase Freedom rewards?

Transfer to Chase Sapphire Preferred and use it for travel. :P Transferring to Sapphire Preferred or Ink Plus and then transferring to partners like United, Southwest, Hyatt, or British Airways is indeed the way to maximize the value of your Chase Freedom points. OP, do you have either of those car...
by Bfwolf
Tue Jan 19, 2016 3:03 am
Forum: Personal Finance (Not Investing)
Topic: Tax Savings By Hiring Wife Solo 401k
Replies: 16
Views: 1210

Re: Tax Savings By Hiring Wife Solo 401k

You've calculated some hard SS/Medicare costs and savings from paying your wife: roughly $11K a year of extra taxes. So the question is whether this is offset by an extra $53K of money in a solo 401k. The 401k has 2 benefits: paying lower taxes in retirement than now and tax free growth. Ignoring th...
by Bfwolf
Mon Jan 18, 2016 2:02 pm
Forum: Investing - Help with Personal Investments
Topic: Should I use some of my emergency fund to buy cheap stocks right now?
Replies: 36
Views: 4055

Re: Should I use some of my emergency fund to buy cheap stocks right now?

If a person has a $50,000 emergency fund over a 30 year period of time earning 1% interest in a savings account, they'll finish with $67,392. If that money was invested per one's asset allocation and earned a very reasonable 4% over that period of time, they would finish with $162,169. At 5%, it wou...
by Bfwolf
Sat Jan 16, 2016 11:02 pm
Forum: Investing - Help with Personal Investments
Topic: Should I use some of my emergency fund to buy cheap stocks right now?
Replies: 36
Views: 4055

Re: Should I use some of my emergency fund to buy cheap stocks right now?

If you have a sizable Roth IRA or taxable account I feel that emergency funds are highly overrated. People hold large balances in cash for long periods of time and seldom ever use it. This is a somewhat contentious subject, but I tend to agree with this line of thinking. If you have a couple of yea...
by Bfwolf
Sat Jan 16, 2016 10:50 pm
Forum: Personal Finance (Not Investing)
Topic: Are 529s the best vehicle for college savings?
Replies: 51
Views: 3514

Re: Are 529s the best vehicle for college savings?

OP, I'm sorry this thread has turned argumentative. For what it's worth, here's my perspective on the subject: When you're in a pretty high tax bracket, which you are, tax deferred accounts for retirements are advantageous. And you know you definitely will need that money someday. There's also some ...
by Bfwolf
Thu Jan 14, 2016 1:28 am
Forum: Investing - Theory, News & General
Topic: Is the Powerball a good play?
Replies: 48
Views: 3038

Re: Is the Powerball a good play?

What's amusing to me is that there is this Powerball fever at $1.5B that wasn't there when it was [I presume] at $100M at some point. The marginal utility on the extra $1.4B is so low, but it's what has driven this craze.
by Bfwolf
Thu Jan 14, 2016 1:14 am
Forum: Investing - Theory, News & General
Topic: "It's a Perfect Strategy for My Enemies" [Scott Adams on Active Management]
Replies: 73
Views: 7070

Re: "It's a Perfect Strategy for My Enemies" [Scott Adams on Active Management]

Here's Captrust's research on risk-adjusted returns: http://www.captrustadvisors.com/media/59789/q3-2013_longevity-trifecta_fig-one.png?width=430px&height=417px http://www.captrustadvisors.com/resources/wealth-management/q3-2013_srr_the-longevity-trifecta/ And here's what an institutional portf...
by Bfwolf
Wed Jan 13, 2016 1:58 pm
Forum: Investing - Theory, News & General
Topic: "It's a Perfect Strategy for My Enemies" [Scott Adams on Active Management]
Replies: 73
Views: 7070

Re: "It's a Perfect Strategy for My Enemies" [Scott Adams on Active Management]

The point is 1.) Low Cost 2.) Low Turnover (especially in taxable account) 3.) Broadly diversified Yes, this is the point. But it's not just a matter of being technically correct that a very small minority of actively managed funds meet the criteria. It's a matter of giving advice to newbie investo...
by Bfwolf
Wed Jan 13, 2016 12:57 am
Forum: Investing - Theory, News & General
Topic: "It's a Perfect Strategy for My Enemies" [Scott Adams on Active Management]
Replies: 73
Views: 7070

Re: "It's a Perfect Strategy for My Enemies" [Scott Adams on Active Management]

And it's not just a matter of having what it takes to find winning funds or winning managers, but wanting to, or having a special interest in doing so, or having the time to do it. There are many smart folks who learn the BH principles and invest accordingly so they can go do something else with th...
by Bfwolf
Tue Jan 12, 2016 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Rewards (Travel)
Replies: 266
Views: 23440

Re: Credit Card Rewards (Travel)

How do CITI TY points compare with Chase ULTIMATE REWARDS points? Chase URs are generally better than Citi TY points or Amex MRs. But it does depend on what you want to use them for. With Citi TY points, you can buy travel on the Thank You portal for 1.25 cents a point. So that's not terrible. With...
by Bfwolf
Tue Jan 12, 2016 6:30 pm
Forum: Investing - Theory, News & General
Topic: "It's a Perfect Strategy for My Enemies" [Scott Adams on Active Management]
Replies: 73
Views: 7070

Re: "It's a Perfect Strategy for My Enemies" [Scott Adams on Active Management]

My advice to any newbies reading this thread is to be incredibly suspicious of any investment recommendation that deviates from the Boglehead principles. This is not a matter of dogma, but rather of a time-proven and logically coherent philosophy that actually works for regular people like you. Of c...
by Bfwolf
Tue Jan 12, 2016 12:18 pm
Forum: Investing - Theory, News & General
Topic: "It's a Perfect Strategy for My Enemies" [Scott Adams on Active Management]
Replies: 73
Views: 7070

Re: "It's a Perfect Strategy for My Enemies"

The idea that active management vs index funds is not a very important choice is completely wrong, and I have no idea why some people insist on making this argument on a forum where two of the core philosophical principles are "Use index funds when possible" and "Keep costs low."...
by Bfwolf
Tue Jan 12, 2016 2:19 am
Forum: Personal Finance (Not Investing)
Topic: Should I keep my term life insurance in force?
Replies: 22
Views: 1746

Re: Should I keep my term life insurance in force?

EHEngineer wrote:
Bfwolf wrote:I think I'd start with: given your health, do you think there's a greater than 5% chance you'll die in the next 2 year?

0.5%?


Yes! Thank you for the correction.
by Bfwolf
Tue Jan 12, 2016 12:48 am
Forum: Personal Finance (Not Investing)
Topic: Should I keep my term life insurance in force?
Replies: 22
Views: 1746

Re: Should I keep my term life insurance in force?

I think I'd start with: given your health, do you think there's a greater than 5% chance you'll die in the next 2 year?
by Bfwolf
Tue Jan 12, 2016 12:41 am
Forum: Investing - Help with Personal Investments
Topic: Why is there no vanguard competitor?
Replies: 48
Views: 5224

Re: Why is there no vanguard competitor?

Such competitors do exist. Fidelity and Schwab both compete with Vanguard with an array of loss leader low cost indexes. Blackrock does too with low cost index ETFs. But these companies also have funds with much higher expense ratios and this is where they make their money. There's no profit in just...
by Bfwolf
Mon Jan 11, 2016 6:37 pm
Forum: Investing - Theory, News & General
Topic: "It's a Perfect Strategy for My Enemies" [Scott Adams on Active Management]
Replies: 73
Views: 7070

Re: "It's a Perfect Strategy for My Enemies"

Read through back issues of Money and similar publications. Note: advice from ten years ago did not outperform, advice from 20 years ago did (for the next 10 years). This reminds me of this excellent cartoon that I saw posted on this forum recently (perhaps by Nisiprius?). https://xkcd.com/882/
by Bfwolf
Mon Jan 11, 2016 5:46 pm
Forum: Investing - Theory, News & General
Topic: "It's a Perfect Strategy for My Enemies" [Scott Adams on Active Management]
Replies: 73
Views: 7070

Re: "It's a Perfect Strategy for My Enemies"

This was false 20 years ago. Pretty much every well-known, often-recommended value fund easily beat the Vanguard Value Index and Total Market through the dot-com crash. (I just checked the chart of Fidelity Low Priced Stock, another fund I owned at the time, and it's the same story.) I don't unders...
by Bfwolf
Mon Jan 11, 2016 5:26 pm
Forum: Investing - Help with Personal Investments
Topic: RAD RITE-AID ~ sell or hold on to RAD
Replies: 13
Views: 734

Re: RAD RITE-AID ~ sell or hold on to RAD

Sorry to hear about loss.. RAD has support at 7.6 its a defensive stock so it might not be too bad too have during the recent correction. always have a plan if you plan to own individual stocks! i would place a mental stop at 7.6... if it goes below 7.6 sell. otherwise i'd prob hold it sell it at 9...
by Bfwolf
Mon Jan 11, 2016 5:20 pm
Forum: Investing - Help with Personal Investments
Topic: RAD RITE-AID ~ sell or hold on to RAD
Replies: 13
Views: 734

Re: RAD RITE-AID ~ sell or hold on to RAD

I am very sorry to hear about your boyfriend. It's difficult to give Boglehead advice to somebody who is just starting out with investing because really you have to do a little bit of reading to understand the Boglehead philosophy. The recommendation to read "If You Can" is a good one. The...
by Bfwolf
Mon Jan 11, 2016 5:00 pm
Forum: Investing - Theory, News & General
Topic: "It's a Perfect Strategy for My Enemies" [Scott Adams on Active Management]
Replies: 73
Views: 7070

Re: "It's a Perfect Strategy for My Enemies"

Asset allocation matters, and expenses do too. I do not know any Bogleheads who suggest using index funds and then ignoring asset allocation. Moreover, selecting actively managed funds requires having an asset allocation just as much as selecting index funds does. The research is undeniable. Activel...
by Bfwolf
Fri Jan 08, 2016 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card Rewards (Travel)
Replies: 266
Views: 23440

Re: Credit Card Rewards (Travel)

Well, Amex shut down Serve and Bluebird accounts that were manufacturing spending today, including mine. Huge bummer for those of us in this hobby.

http://frequentmiler.boardingarea.com/2 ... red-spend/
by Bfwolf
Fri Jan 01, 2016 2:47 am
Forum: Investing - Help with Personal Investments
Topic: Checking In After Four Years
Replies: 20
Views: 5008

Re: Checking In After Four Years

Since you have $10K cash left over, perhaps consider opening a Netspend account with $5K of it and earning 5% interest.

http://www.fatwallet.com/forums/finance/1432026/
by Bfwolf
Sun Dec 27, 2015 6:07 pm
Forum: Personal Consumer Issues
Topic: soylent?
Replies: 15
Views: 1614

Re: soylent?

I ordered a 1 week supply of version 1.4 a while ago. For about 10 days, I got around 70% of my calories from Soylent and 30% from "regular" food. What I liked: Extremely convenient. Just made up a batch the night before, and whenever I was hungry, I poured myself a glass. No prep and prac...
by Bfwolf
Sun Dec 27, 2015 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house with no money down
Replies: 77
Views: 5842

Re: Buying a house with no money down

OK, no raiding my IRA. :) Most of my savings are in investments and I don't want to touch them. I have some cash but I wouldn't be comfortable with a house and no cash. So it sounds like this doesn't stand out as a bad idea. The house is $880k and my income last year was $220k although it's from my...
by Bfwolf
Sun Dec 27, 2015 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Negotiate Salary Now?
Replies: 39
Views: 3122

Re: Should I Negotiate Salary Now?

I think you are making the right decision not to renegotiate your salary right now. One point to add that would further confirm that decision is that while you are right to say that you have bargaining power because you are hard to replace, your company also has bargaining power because the other jo...
by Bfwolf
Sat Dec 26, 2015 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: Next credit card for a bonus?
Replies: 99
Views: 7560

Re: Next credit card for a bonus?

The Down Under is among the toughest awards to obtain. Helpful to have sufficient mileage in the major programs so you have flexibility. Avios for short hops around the region. Good resource http://travelisfree.com/2015/08/07/cheapest-miles-to-australia-oceania/ Excellent link, thank you! I have ti...
by Bfwolf
Sat Dec 26, 2015 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: How does this kind of credit card fraud happen?
Replies: 31
Views: 3253

Re: How does this kind of credit card fraud happen?

Thanks for the good info everybody. This stuff is fascinating...to me anyway.

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