Search found 1102 matches

by Bfwolf
Mon May 02, 2016 11:43 am
Forum: Personal Finance (Not Investing)
Topic: University of Virginia vs University of Miami
Replies: 134
Views: 7888

Re: University of Virginia vs University of Miami

Thanks for update, OP. Where did he decide to go? Over the weekend, my son happily put his deposit down for UVA. It really was the sweet spot for many things he wanted: 1) Quality academics compared to Miami, especially in his current areas of interest - Political science, business 2) Above average...
by Bfwolf
Sun May 01, 2016 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: Giving our child a "student loan" vs them taking an Unsubsidized Stafford loan
Replies: 34
Views: 2068

Re: Giving our child a "student loan" vs them taking an Unsubsidized Stafford loan

BTW, I knew this would likely turn into a debate about various tangents that aren't directly related to my initial question, and I don't have a problem with that, but let's circle back to the original question, and let me be a little clearer, since I was probably too vague: What are the *FINANCIAL*...
by Bfwolf
Sun May 01, 2016 1:12 pm
Forum: Investing - Theory, News & General
Topic: Draining the 529
Replies: 22
Views: 2083

Re: Draining the 529

But, really, is there not a National Geographic cruise or similar activity that I can use the 529 fund to (legally and tax-free) pay for? L. I don't know the answer to your question. But I'm just wondering, are the above tax guesstimates right, and it's a question of having $40K for qualified expen...
by Bfwolf
Sun May 01, 2016 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Giving our child a "student loan" vs them taking an Unsubsidized Stafford loan
Replies: 34
Views: 2068

Re: Giving our child a "student loan" vs them taking an Unsubsidized Stafford loan

If she takes the Stafford loans as planned, you can always choose to pay them off yourself should the situation be favorable. And if things become unfavorable, do you really want to be the loan officer trying to get your daughter to pay the loan? This makes sense to me. So she accumulates debt at 4...
by Bfwolf
Thu Apr 28, 2016 11:59 pm
Forum: Personal Consumer Issues
Topic: Atlanta in August -- worth it?
Replies: 51
Views: 2506

Re: Atlanta in August -- worth it?

I lived there for 2 years. The best time is in the spring when the azaleas and dogwoods bloom. In August I'd go somewhere else. The weather is unpleasant. The traffic is bad. +1 I grew up in Atlanta. I loved Summer as a kid, spending all day by the pool. I imagine that isn't what you intend to do. ...
by Bfwolf
Thu Apr 28, 2016 11:48 pm
Forum: Investing - Help with Personal Investments
Topic: Am I still doing OK focusing more in income vs investments?
Replies: 37
Views: 2749

Re: Am I still doing OK focusing more in income vs investments?

The most common method of matching is on a paycheck by paycheck basis. I'm assuming you've got a 100% match on the first 5% you contribute. Let's say you're making $8,000 per paycheck. Let's look at 3 scenarios. Scenario 1: On paycheck 1, you contribute 5% which is $400. The company matches $400. Ov...
by Bfwolf
Thu Apr 28, 2016 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: University of Virginia vs University of Miami
Replies: 134
Views: 7888

Re: University of Virginia vs University of Miami

So we visited both schools earlier this week. Some points: UVA: 1) As expected, my son loved the campus. Very cool Jeffersonian architecture. 2) Music program, being a department of music, was still very strong for what he wants. Most music majors are double majors. Seems like there would be many s...
by Bfwolf
Wed Apr 27, 2016 11:25 am
Forum: Personal Finance (Not Investing)
Topic: I Hate My Job: Politics at Work (Advice Needed)
Replies: 105
Views: 10760

Re: I Hate My Job: Politics at Work (Advice Needed)

Is there a narrative that would describe Alice and Adam's behavior in terms of them trying to help the company rather than being primarily fueled by bad intentions or purely self-serving motivations? If so, what is it? Yes, I have thought about that angle as well. I can "understand" Adam'...
by Bfwolf
Tue Apr 26, 2016 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: I Hate My Job: Politics at Work (Advice Needed)
Replies: 105
Views: 10760

Re: I Hate My Job: Politics at Work (Advice Needed)

I don't really expect people to understand the totality of the situation, since there is a lot of backstory to what's going on. I'm getting a few advice of "do a good job and you'll be fine" - I'm afraid that's extremely naive. I have no assurances that if I do a good job my contract will...
by Bfwolf
Tue Apr 26, 2016 11:58 am
Forum: Personal Consumer Issues
Topic: Kellogg vs. Darden
Replies: 17
Views: 1415

Re: Kellogg vs. Darden

Those are both "top 20" B-schools. As long as she graduates in the top 20% of her class, she will absolutely, positively, have the "world by the tail!" Good luck and many good wishes to her! :sharebeer MBA programs are not like law school. Most recruiters do not care about your ...
by Bfwolf
Tue Apr 26, 2016 11:54 am
Forum: Personal Consumer Issues
Topic: Kellogg vs. Darden
Replies: 17
Views: 1415

Re: Kellogg vs. Darden

My advice as someone who has an MBA from a top school (but neither Darden nor Kellogg): The money is significant and would make me lean toward Darden with all else being equal. $30K/year means $60K total. That's a lot of dough. The fact that she went to UVA undergrad is a non-factor from a recruitme...
by Bfwolf
Mon Apr 25, 2016 12:44 am
Forum: Investing - Help with Personal Investments
Topic: Custom whole life insurance to generate retirement income
Replies: 8
Views: 646

Re: Custom whole life insurance to generate retirement income

I'm not going to go as far as the other people who say this person is not your friend. He is probably drinking the Kool-aid and really believes this is a good product. It's not. It's a terrible product. You should not buy it. I would recommend politely declining, and resuming your friendship without...
by Bfwolf
Sun Apr 24, 2016 4:19 pm
Forum: Investing - Help with Personal Investments
Topic: Drafting a Pitch to the Bosses to Switch 401K Providers
Replies: 16
Views: 1035

Re: Drafting a Pitch to the Bosses to Switch 401K Providers

I have no experience with them, but Employee Fiduciary seems to be the go to reco here. I've never heard a bad word spoken about them. In terms of how to get your company to switch, that's a whole other ball of wax. Here's the wiki on it https://www.bogleheads.org/wiki/How_to_campaign_for_a_better_4...
by Bfwolf
Sun Apr 24, 2016 1:19 am
Forum: Investing - Help with Personal Investments
Topic: Mid-Career Officer needs some advice
Replies: 12
Views: 1917

Re: Mid-Career Officer needs some advice

Thanks for the suggestions. Your comments have really made me re-think a few things. I have no clue what I was doing when I missed the goodness of the Roth TSP back in 2012. The benefits of the TSP mentioned above are real, but the advantage vs an IRA is very modest and certainly not worth beating ...
by Bfwolf
Sun Apr 24, 2016 12:57 am
Forum: Investing - Help with Personal Investments
Topic: Do I need TIPS inflation protection?
Replies: 19
Views: 1864

Re: Do I need TIPS inflation protection?

It's not surprising to see people questioning the value of TIPS during a period of extraordinarily low inflation. Let's hope it continues. But if it doesn't, TIPS provide an insurance policy. I think they can be a valuable part of a portfolio, though I certainly wouldn't consider them essential.
by Bfwolf
Sat Apr 23, 2016 3:09 pm
Forum: Investing - Help with Personal Investments
Topic: Do I need TIPS inflation protection?
Replies: 19
Views: 1864

Re: Do I need TIPS inflation protection?

I'm not sure I buy into the argument that you don't need TIPS because 80% of your expenses are COLAd. Yes, the TIPS will have a relatively small impact given most of your money is coming from COLAd annuities. But the amount of money you're "paying" to get the inflation protection value of ...
by Bfwolf
Thu Apr 21, 2016 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: University of Virginia vs University of Miami
Replies: 134
Views: 7888

Re: University of Virginia vs University of Miami

A lot of people have varying opinions about this issue. Those who went to their state school for pennies will say "I got a great education and didn't have to pay a cent for it" and those who went to an "esteemed" out of state school will say "sure I had to pay more for it b...
by Bfwolf
Thu Apr 21, 2016 11:30 am
Forum: Investing - Help with Personal Investments
Topic: How to know when to sell Vanguard ETF
Replies: 15
Views: 932

Re: How to know when to sell Vanguard ETF

Won't the ETFs settle in 3 days while the mutual funds will settle in 1?

i.e. if you sell the ETFs and buy the mutual funds on the same day, won't you be short the cash the next day when the mutual funds settle but your ETFs have not yet?
by Bfwolf
Wed Apr 20, 2016 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: University of Virginia vs University of Miami
Replies: 134
Views: 7888

Re: University of Virginia vs University of Miami

I disagree. UVA does not merely have a modestly superior academic profile. It is significantly better. One measure of the quality of one's peers is to look at the bottom 25% of the class. The bottom 25% of UVA will have SAT scores hundreds of points higher than the bottom 25% of Miami's. I suppose ...
by Bfwolf
Wed Apr 20, 2016 11:43 am
Forum: Personal Finance (Not Investing)
Topic: University of Virginia vs University of Miami
Replies: 134
Views: 7888

Re: University of Virginia vs University of Miami

The colleges that these students (who got into highly selective private universities) went to instead were still very selective colleges. These are less selective, but still selective. So they weren't getting into Harvard and then going to Ball State instead. They were instead going to high quality...
by Bfwolf
Wed Apr 20, 2016 11:03 am
Forum: Personal Finance (Not Investing)
Topic: University of Virginia vs University of Miami
Replies: 134
Views: 7888

Re: University of Virginia vs University of Miami

The colleges that these students (who got into highly selective private universities) went to instead were still very selective colleges. These are less selective, but still selective. So they weren't getting into Harvard and then going to Ball State instead. They were instead going to high quality...
by Bfwolf
Wed Apr 20, 2016 2:18 am
Forum: Personal Finance (Not Investing)
Topic: University of Virginia vs University of Miami
Replies: 134
Views: 7888

Re: University of Virginia vs University of Miami

The colleges that these students (who got into highly selective private universities) went to instead were still very selective colleges. These are less selective, but still selective. So they weren't getting into Harvard and then going to Ball State instead. They were instead going to high quality...
by Bfwolf
Wed Apr 20, 2016 2:14 am
Forum: Personal Finance (Not Investing)
Topic: University of Virginia vs University of Miami
Replies: 134
Views: 7888

Re: University of Virginia vs University of Miami

I think it's worth reviewing the study that says that people who go to elite schools and people who get into elite schools but go somewhere less selective earn the same amount of money. Exceptions are African Americans, Latinos, low-income students, and first generation college students. http://www...
by Bfwolf
Tue Apr 19, 2016 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: University of Virginia vs University of Miami
Replies: 134
Views: 7888

Re: University of Virginia vs University of Miami

I think it's worth reviewing the study that says that people who go to elite schools and people who get into elite schools but go somewhere less selective earn the same amount of money. Exceptions are African Americans, Latinos, low-income students, and first generation college students. http://www...
by Bfwolf
Tue Apr 19, 2016 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: University of Virginia vs University of Miami
Replies: 134
Views: 7888

Re: University of Virginia vs University of Miami

In response to: He doesn't understand how those comments relate to sitting in the classroom at UVA vs sitting in the classroom at Miami The teaching imparted by Profs at any top 50 school is not very different. However the real difference between top-5, top-20, top-50 and top-100 ranked universitie...
by Bfwolf
Tue Apr 19, 2016 12:40 pm
Forum: Personal Consumer Issues
Topic: Passport photo DIY - anyone done it easily?
Replies: 52
Views: 2496

Re: Passport photo DIY - anyone done it easily?

I used an iPhone passport photo app for my Visa On Arrival pictures I needed for several countries in SE Asia. I found it difficult to find good lighting and the right background and to get the dimensions right. It was fine for these countries as they are not very demanding, but for my passport phot...
by Bfwolf
Mon Apr 18, 2016 6:23 pm
Forum: Personal Consumer Issues
Topic: How To Stay Motivated in Employment When You Might Have Enough?
Replies: 71
Views: 7898

Re: How To Stay Motivated in Employment When You Might Have Enough?

Work is something that is so awful that you literally can't get anybody to do it unless you pay them money. If you have enough money so you don't need to keep working, quit and spend your time doing what you enjoy! Since when? Lots of people enjoy going to work. A lot of people don't. And for some ...
by Bfwolf
Mon Apr 18, 2016 5:30 pm
Forum: Personal Consumer Issues
Topic: How To Stay Motivated in Employment When You Might Have Enough?
Replies: 71
Views: 7898

Re: How To Stay Motivated in Employment When You Might Have Enough?

Work is something that is so awful that you literally can't get anybody to do it unless you pay them money.

If you have enough money so you don't need to keep working, quit and spend your time doing what you enjoy!
by Bfwolf
Mon Apr 18, 2016 11:29 am
Forum: Personal Finance (Not Investing)
Topic: University of Virginia vs University of Miami
Replies: 134
Views: 7888

Re: University of Virginia vs University of Miami

Thanks for correcting me, Pennywise. That's an impressive list of recruiters. I didn't mean to imply that no national companies come to UM to recruit, but that there would be more of them at UVA. I have no data to back up that assertion...I tried to find data with a quick Google search but was not s...
by Bfwolf
Mon Apr 18, 2016 1:23 am
Forum: Personal Finance (Not Investing)
Topic: University of Virginia vs University of Miami
Replies: 134
Views: 7888

Re: University of Virginia vs University of Miami

I guess I am surprised that job prospects are not anywhere on your list of criteria. Isn't that the primary reason one goes to college? Interesting point. To really answer such a question I would need to explain my son, which would take more than a single post. I guess I would say that I didn't pus...
by Bfwolf
Mon Apr 18, 2016 12:54 am
Forum: Investing - Help with Personal Investments
Topic: $100,000 fell into my lap and I have no idea what to do
Replies: 14
Views: 3094

Re: $100,000 fell into my lap and I have no idea what to do

1) Congratulations! I'm sure you were sad to see your neighbor pass away, but getting a windfall like this is a pleasant surprise. 2) Congratulations! By blind luck, you've been ushered to the best financial advice forum on the Internet. The advice you've received so far is spot on. The first steps ...
by Bfwolf
Sun Apr 17, 2016 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: University of Virginia vs University of Miami
Replies: 134
Views: 7888

Re: University of Virginia vs University of Miami

I guess I am surprised that job prospects are not anywhere on your list of criteria. Isn't that the primary reason one goes to college? Where does your son want to live after graduation? If he's ok staying in Florida, U of Miami is a great place to go. All the big Florida companies will recruit ther...
by Bfwolf
Sat Apr 16, 2016 10:44 pm
Forum: Personal Finance (Not Investing)
Topic: Postnuptial agreement for Physician
Replies: 94
Views: 6125

Re: Postnuptial agreement for Physician

Because 1) It's a slap in the face to all the qualified applicants that were rejected for OP's medical school seat who would actually use the degree for more than 10 years 2) Youth hostels are in fact quite terrible. 3) Re-reading the initial post by OP and his follow up I'm 100% convinced we're be...
by Bfwolf
Sat Apr 16, 2016 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: Postnuptial agreement for Physician
Replies: 94
Views: 6125

Re: Postnuptial agreement for Physician

Because 1) It's a slap in the face to all the qualified applicants that were rejected for OP's medical school seat who would actually use the degree for more than 10 years 2) Youth hostels are in fact quite terrible. 3) Re-reading the initial post by OP and his follow up I'm 100% convinced we're be...
by Bfwolf
Sat Apr 16, 2016 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: HELP! HR Doesn't Believe in Index Funds for 401k
Replies: 64
Views: 5262

Re: HELP! HR Doesn't Believe in Index Funds for 401k

I agree with the consensus. Trying to convince them that index funds are better than active funds is a losing and career limiting battle. You may just want to let sleeping dogs lie. Or you can try to argue that there should be two more low-cost index funds, a bond fund and an Int'l fund. Or you coul...
by Bfwolf
Sat Apr 16, 2016 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: Postnuptial agreement for Physician
Replies: 94
Views: 6125

Re: Postnuptial agreement for Physician

JonnyDVM wrote:Working your ass off and living like a pauper for ten years so you can travel around the world staying at youth hostels for the next 20 years sounds terrible.


It sounds terrible to you. But to some people this idea is appealing. Why be so dismissive and condescending?
by Bfwolf
Thu Apr 14, 2016 10:28 pm
Forum: Investing - Help with Personal Investments
Topic: I'll be a Boglehead Friday. Any advice?
Replies: 93
Views: 6340

Re: I'll be a Boglehead Friday. Any advice?

If the guy you are meeting with is a Registered Investment Advisor representative, then the firm he works for (the Registered Investment Advisor) has to have a document called Form ADV Part 2 that he is obligated to give you. You should specifically ask for it, both Part 2a and Part 2b. In these doc...
by Bfwolf
Thu Apr 14, 2016 9:38 pm
Forum: Personal Consumer Issues
Topic: Considering new approach to credit card churning
Replies: 22
Views: 2552

Re: Considering new approach to credit card churning

The hotel cards....I will keep one or two (definitely IHG, possibly Hyatt) and probably cancel Ritz-Carlton and Club Carlson though that is a tough call....try to keep points active and ultimately try to churn in the more distant future. I'm gonna keep my Club Carlson. You get 40K points at your an...
by Bfwolf
Thu Apr 14, 2016 9:23 pm
Forum: Personal Consumer Issues
Topic: TV show recommendations?
Replies: 429
Views: 172925

Re: TV show recommendations?

Any fans of Alone? Seasons 2 started tonight.
by Bfwolf
Wed Apr 13, 2016 1:45 pm
Forum: Personal Consumer Issues
Topic: Considering new approach to credit card churning
Replies: 22
Views: 2552

Re: Considering new approach to credit card churning

My point was that once the points are in one airline-linked program, one is *not* really "committing" to just that airline, which is how I read OP. RM I think the OP is probably cognizant of the ability to book Star Alliance award travel with United points, etc. But moving 200K points to ...
by Bfwolf
Wed Apr 13, 2016 1:37 am
Forum: Personal Consumer Issues
Topic: Considering new approach to credit card churning
Replies: 22
Views: 2552

Re: Considering new approach to credit card churning

I have been churning credit cards successfully for years now and reaped the benefits...I travel annually to South America and Europe, never pay airfare, and have stayed in beautiful hotels "for free", for at least a decade now. That said, in the last few years I have gotten more aggressiv...
by Bfwolf
Mon Apr 04, 2016 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: SPIA that takes health into consideration?
Replies: 2
Views: 243

Re: SPIA that takes health into consideration?

The name for what you're seeking is "medical underwriting." This Wall Street Journal article says Don't limit yourself to the handful of insurers—including Presidential Life, United of Omaha Life Insurance and AIG's American General Life—that offer medical underwriting. It may be possible...
by Bfwolf
Mon Apr 04, 2016 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: SPIA that takes health into consideration?
Replies: 2
Views: 243

SPIA that takes health into consideration?

I have a friend who is trying to help her parents make their money last until they pass away. There's a lot of concern about the parents running out of money, and she is already committed to make a down payment on a house near her brother, who can help take care of their mother who has suffered a st...
by Bfwolf
Wed Mar 30, 2016 1:10 pm
Forum: Investing - Theory, News & General
Topic: newbie needs help: stock trading terminology at the most basic level
Replies: 17
Views: 1259

Re: newbie needs help: stock trading terminology at the most basic level

Like the others, I simply can't in good conscience answer the question asked, as annoying at that might be to the OP. It's because the question is wrong: you shouldn't actively buy and sell individual stocks.

I strongly suggest you purchase and read the Bogleheads Guide to Investing.
by Bfwolf
Wed Mar 30, 2016 9:35 am
Forum: Investing - Help with Personal Investments
Topic: Is a backdoor Roth worth leaving Vanguard?
Replies: 12
Views: 1623

Re: Is a backdoor Roth worth leaving Vanguard?

For your husband, I think it depends on what kind of options his 401k has. If they are good, then yes I'd proceed with that move. People here do it all the time (move assets from Vanguard to a 401k not administered by Vanguard) to get access to the backdoor Roth. For you, I'd say it's even more of a...
by Bfwolf
Mon Mar 28, 2016 9:37 am
Forum: Personal Consumer Issues
Topic: Your fav [US domestic] airline - as far as flying experience?
Replies: 72
Views: 3418

Re: Your fav airline - as far as flying experience?

Southwest, at least for US & nearby flights. Their service is far better than any of the lousy "legacy" carriers constantly dreaming up new fees. Regardless of ticket price, every time I compare, Southwest is cheaper for anyone who checks baggage, carries baggage onto the plane, chang...
by Bfwolf
Mon Mar 28, 2016 12:02 am
Forum: Personal Consumer Issues
Topic: Europe Trip in August
Replies: 99
Views: 5356

Re: Europe Trip in August

We were planning on doing a family trip to Amsterdam and maybe Brussels in July. We were close to booking, but decided to cancel the trip. We'll have small children with us and a few of the mothers in the group veto'd the Europe idea. I've got to say this really makes me sad. Irrational media drive...
by Bfwolf
Sat Mar 26, 2016 11:12 pm
Forum: Personal Consumer Issues
Topic: Europe Trip in August
Replies: 99
Views: 5356

Re: Europe Trip in August

Youngblood wrote:The State Department is warning Americans about travel to Europe.

YB


This is the State Department's alert. It is not recommending people do not travel to Europe. It just suggests vigilance mostly.

https://travel.state.gov/content/passpo ... alert.html
by Bfwolf
Fri Mar 25, 2016 9:53 pm
Forum: Personal Consumer Issues
Topic: Europe Trip in August
Replies: 99
Views: 5356

Re: Europe Trip in August

I am seriously considering cancelling my vacation to England in a few weeks. It is just me by myself and I wasn't so concerned, but my parents are very worried. The front page of CNN, Reuters, Drudge Report, etc. keep saying that ISIS is plotting more attacks and that London is on the list. It look...
by Bfwolf
Fri Mar 25, 2016 4:42 pm
Forum: Personal Consumer Issues
Topic: Spirit Airlines
Replies: 38
Views: 2964

Re: Spirit Airlines

I flew them once to Colombia and back. Had to change planes in Ft Lauderdale both ways. I knew the standard seats had terrible leg room so paid extra for an exit row seat which has plenty of leg room of course. Even with exit row fee and checked bag fee, it was much cheaper than any other alternativ...

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