Search found 563 matches

by Clever_Username
Mon Feb 08, 2016 10:24 am
Forum: Investing - Help with Personal Investments
Topic: Am I getting fleeced on my IRA? Opinions welcome.
Replies: 17
Views: 349

Re: Am I getting fleeced on my IRA? Opinions welcome.

EdB wrote:I am talking to the agent this coming Thursday. Am I justified in feeling fleeced, and should I get out of this ASAP? I am about six years from starting to take RMD's.


Yes, and why are you talking to the agent about this?
by Clever_Username
Sat Feb 06, 2016 11:07 am
Forum: Investing - Theory, News & General
Topic: Today's dumbest investment advice
Replies: 32
Views: 3688

Re: Today's dumbest investment advice

I think I've found a dumber article, although I'm not sure it counts as "investment advice," unless sports gambling counts as investing. These four stocks predict who wins Super Bowl 50 There might be something to this. Specifically, CTE. I hope the author -- or at least thestreet.com -- ...
by Clever_Username
Thu Feb 04, 2016 10:28 pm
Forum: Investing - Theory, News & General
Topic: Take the Verb Tense Pledge!
Replies: 69
Views: 3734

Re: Take the Verb Tense Pledge!

I will do my best.
by Clever_Username
Thu Feb 04, 2016 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency Fund/Roth IRA
Replies: 6
Views: 325

Re: Emergency Fund/Roth IRA

If my EF were under-funded and my Roth IRA had money in it, I'd move an amount equal to the smaller of (past contributions, current balance) in the Roth IRA into a money market fund. That way, it won't lose value. In fact, as the deadline for a contribution year came closer, I'd contribute more to t...
by Clever_Username
Thu Feb 04, 2016 9:12 am
Forum: Personal Finance (Not Investing)
Topic: How to get a 200k+/year job?
Replies: 107
Views: 9891

Re: How to get a 200k+/year job?

I know a few folks who made $200K/year out of college. They typically had to work high-stress jobs for many hours in HCOL cities. All were top computer science students from top programs. The first two that come to mind were working easily 80 hours/week in NYC -- not worth it, in my mind, and I'll b...
by Clever_Username
Tue Feb 02, 2016 9:42 am
Forum: Investing - Theory, News & General
Topic: You *can* make a difference in your employer's retirement plans
Replies: 5
Views: 1009

Re: You *can* make a difference in your employer's retirement plans

Good on you for having the presence of mind to politely (I assume) ask them to make this change. I would have been livid if I'd been hired somewhere and then told I couldn't contribute to the 401(k) for a year, especially this early in the year (if it had been, say, September, my previous 401(k) wou...
by Clever_Username
Tue Feb 02, 2016 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Friend is an Edward Jones financial advisor -- should I drop him?
Replies: 51
Views: 5189

Re: Friend is an Edward Jones financial advisor -- should I drop him?

This mixes two questions, and while they have the same answer, it's for different reasons. Question one: should you take on a friend as a financial advisor? My suggestion is absolutely not, regardless of who he works for. Even if you need one -- and some people do -- mixing friends and finance is a ...
by Clever_Username
Sun Jan 31, 2016 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Two comma club member? Do I need 2 million in savings?
Replies: 8
Views: 1811

Re: Two comma club member? Do I need 2 million in savings?

You're in the club when you have a reasonable claim to be in the club. $1M for two people works in my book. Look at it this way: suppose I asserted that people living in many foreign lands can't ever join the club because they would represent "one million and fifty cents" as 1.000.000,50 a...
by Clever_Username
Sun Jan 31, 2016 11:58 am
Forum: Personal Finance (Not Investing)
Topic: I just paid off $145,000 in student loans in 2.5 years
Replies: 20
Views: 1649

Re: I just paid off $145,000 in student loans in 2.5 years

Congratulations on the accomplishment -- although I'll echo the above that credit goes to both you and your wife. For what it's worth, I think you made the right choice funding the 401(k) as well as repaying the debt. You might have paid it sooner, but you can't put 2015's limit into retirement savi...
by Clever_Username
Sat Jan 30, 2016 11:20 am
Forum: Investing - Theory, News & General
Topic: Vanguard introducing 0.01% expense ratio funds
Replies: 24
Views: 4615

Re: Vanguard introducing 0.01% expense ratio funds

Sure thing. Assuming you are interested in the total stock market, there's VITSX (Institutional) for a cool $5M, additional record keeping fees may apply though :) Even if I hold it in a personal account? I figured those were in case it's held in a company retirement plan or something. (argument is...
by Clever_Username
Sat Jan 30, 2016 10:51 am
Forum: Investing - Theory, News & General
Topic: Vanguard introducing 0.01% expense ratio funds
Replies: 24
Views: 4615

Re: Vanguard introducing 0.01% expense ratio funds

Always interesting to note the extremely low expense ratios. My 403(b) is still in investor-class shares, but I seem to think there's some reason for it that made sense at an institutional level. Now, for personal accounts, I'd like a share class between Admiral ($10k minimum) and Institutional ($10...
by Clever_Username
Sat Jan 30, 2016 10:43 am
Forum: Personal Finance (Not Investing)
Topic: What age does LBYM (being a big saver) pay off?
Replies: 81
Views: 9782

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

Khanmots wrote:One of my uncle's approach to life is that "It's not a problem if money can fix it."


That is a great way to look at this sort of thing and I hope to adopt the philosophy.
by Clever_Username
Fri Jan 29, 2016 2:52 pm
Forum: Investing - Theory, News & General
Topic: How safe are Bonds? Is cash a good substitute?
Replies: 18
Views: 1954

Re: How safe are Bonds? Is cash a good substitute?

The risk is Series I bonds is near-zero, and serves a nice role in my portfolio as inflation-indexed cash.

However, I don't think cash is a good substitute for bonds if you're at a stage in your life or wealth where 75% stocks is an appropriate risk.
by Clever_Username
Fri Jan 29, 2016 2:44 pm
Forum: Investing - Help with Personal Investments
Topic: EJones Advisor wants to talk!
Replies: 83
Views: 5779

Re: EJones Advisor wants to talk!

Cancel the appointment. See if you can get an administrator of where you're sending the money to call them for status updates -- another reason it's usually better to operate it as a pull than a push.
by Clever_Username
Fri Jan 29, 2016 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Hi every one i have a question about the finance
Replies: 19
Views: 1442

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

On a related note, I occasionally have students asking why I don't assign problems out of the textbook (at least, not for credit) when I teach a class. This is one of the reasons why.
by Clever_Username
Fri Jan 29, 2016 10:21 am
Forum: Personal Finance (Not Investing)
Topic: What age did you start maxing out your retirement contributions?
Replies: 63
Views: 4326

Re: What age did you start maxing out your retirement contributions?

2012, shortly after my 29th birthday, was the first year I maxed out a workplace retirement plan -- I hadn't had them before (except once as an intern for some reason when I was in school). I got that job in the summer and maxed it out promptly. Felt like a pay raise in January when I got set to max...
by Clever_Username
Thu Jan 28, 2016 4:19 pm
Forum: Investing - Theory, News & General
Topic: What is your favorite Financial Quote or Metaphor??
Replies: 179
Views: 9342

Re: What is your favorite Financial Quote or Metaphor??

It seems the non-fiction ones are largely accounted for. My current signature is the protagonist from the movie Layer Cake who, near the end of the movie, explains "what was true then is true now. Have a plan. Stick to it." The movie is about various events that happen to him as he prepare...
by Clever_Username
Wed Jan 27, 2016 1:05 pm
Forum: Personal Consumer Issues
Topic: Modems and Routers
Replies: 29
Views: 2643

Re: Modems and Routers

Mudpuppy wrote:To summarize, during peak times people got a little less than the advertised rate, but over 24 hour periods they got a little more than the advertised rate.


Interesting; thanks!
by Clever_Username
Tue Jan 26, 2016 1:32 pm
Forum: Personal Consumer Issues
Topic: Modems and Routers
Replies: 29
Views: 2643

Re: Modems and Routers

I found out that I have the 150mbps service and my download speed is actually 138mbps. Comcast says this is fine. So I guess I'll stick with my current 4-5 year old equipment for now. You should be getting 150Mbps, not 138Mbps, with the 150Mbps plan. Yes, Comcast advertises "up to 150Mbps"...
by Clever_Username
Tue Jan 26, 2016 1:16 am
Forum: Investing - Theory, News & General
Topic: At what point would you go from 70/30 to 100(stocks)/0(bonds) if you are in your late twenties
Replies: 48
Views: 3381

Re: At what point would you go from 70/30 to 100(stocks)/0(bonds) if you are in your late twenties

If you're in your late twenties, you probably haven't survived a major drop in the market while holding a significant portion of your wealth in stocks. Accordingly, you have no idea how you'll react if it drops further after whatever point you decide, so I'd advise against the risk entirely. Too man...
by Clever_Username
Mon Jan 25, 2016 10:56 am
Forum: Personal Consumer Issues
Topic: Do you pay for exercise?
Replies: 207
Views: 10527

Re: Do you pay for exercise?

I live in a small condo, so home exercise is largely out of the question. I pay $20/month for a chain gym. They have locations in most places ... pretty much all except right near my parents (so I have to figure something else out when I visit them). I enjoy weight training exercises, and that's a l...
by Clever_Username
Sun Jan 24, 2016 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: I Bonds
Replies: 27
Views: 2900

Re: I Bonds

I'm buying them as I expand my emergency fund. As of some point last year, I had six months of my current expenses, but I'm planning to buy a house in 2017, so I've estimated the difference in expenses, plus the increased likelihood of an unexpected expense, and I'm continuing my buying in 2016 (pro...
by Clever_Username
Sun Jan 24, 2016 11:34 am
Forum: Personal Consumer Issues
Topic: Modems and Routers
Replies: 29
Views: 2643

Re: Modems and Routers

I'm running TWC on a LinkSys cable modem (I'm not at home, but I'll look up the model if you want) that I bought in June 2006. It works just fine, even for streaming long videos (including live sports -- legal streams, don't worry). My wireless access point is a wireless-N from Monoprice.
by Clever_Username
Sat Jan 23, 2016 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Am I hurting myself by saving too much? (re: college funding)
Replies: 104
Views: 6738

Re: Am I hurting myself by saving too much? (re: college funding)

It's no secret that full payors subsidize the less able to afford the bill. Our state's universities and I'm sure that other state's have said the same thing AND they also say that they actively recruit foreign students, especially those from China. Do you think they're doing this to give free educ...
by Clever_Username
Fri Jan 22, 2016 5:34 pm
Forum: Personal Consumer Issues
Topic: Vanguard Store Items
Replies: 51
Views: 3588

Re: Vanguard Store Items

If I didn't have my schools' headcovers on my golf clubs, I'd get the Vanguard one. They need a putter cover. And a bucket hat.
by Clever_Username
Fri Jan 22, 2016 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Do you use the service of a CPA or you do your tax yourself?
Replies: 82
Views: 4840

Re: Do you use the service of a CPA or you do your tax yourself?

I use an EA. It costs me very little per year. It saves me time and, if I'm audited, he'll defend me. Either one of those alone is worth the price to me.
by Clever_Username
Wed Jan 20, 2016 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Insane Notice / Counter Offer Situation
Replies: 61
Views: 5094

Re: Insane Notice / Counter Offer Situation

I've been walked after giving notice as it was the company's unwritten policy that this equated to a threat of company business being leaked. Hope you have cleared your office of all personal items incase this becomes reality. Not sure what the reason was, but this was common at a former employer o...
by Clever_Username
Wed Jan 20, 2016 11:22 am
Forum: Investing - Theory, News & General
Topic: A time to EVALUATE your jitters
Replies: 134
Views: 47057

Re: A time to EVALUATE your jitters

I think this past few ... weeks? months? ... has been the first time there's been a notable drop in the market during which I've had any sizable investment. I haven't had any jitters yet that I'm aware of, but I should make note of any feelings so I can properly evaluate my risk tolerance when/if I ...
by Clever_Username
Wed Jan 20, 2016 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Insane Notice / Counter Offer Situation
Replies: 61
Views: 5094

Re: Insane Notice / Counter Offer Situation

Patzer wrote:I told them no problem, I would be happy to train him, and that I wished them success.


Wow, you have the patience and forgiveness of a saint. I'd have had difficulty saying anything like "no problem" based on the phone call they made alone, even ignoring the other stuff.
by Clever_Username
Tue Jan 19, 2016 3:35 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones or Vanguard?
Replies: 53
Views: 4582

Re: Edward Jones or Vanguard?

Well, consider where you're asking. I always recommend Vanguard over just about any other provider (the TSP is a notable exception and is not an option here) from a financial point of view However, there are two hazards, both in the relationships angle here: first, you might inherit the "tell h...
by Clever_Username
Mon Jan 18, 2016 11:15 am
Forum: Investing - Help with Personal Investments
Topic: RMD's to ROTH
Replies: 5
Views: 346

Re: RMD's to ROTH

Do you mean a Roth conversion or a Roth contribution ? I can't imagine the latter counts as an RMD. But I believe it is a common practice for people who don't need their full RMD to use the excess they're required to take, determine how much pre-tax IRA they can convert to Roth using that as the tax...
by Clever_Username
Sun Jan 17, 2016 11:54 am
Forum: Personal Consumer Issues
Topic: Best place to live in CA for a young family
Replies: 82
Views: 5999

Re: Best place to live in CA for a young family

Any comments about Pasadena and Claremont in SoCal? These cities have a significant college presence, like Davis and Irvine. We like the college town vibe. Curious to know if any Bogleheads live in these places and what you think about them. I'm currently looking to move from Westwood (UCLA area) t...
by Clever_Username
Sat Jan 16, 2016 11:45 am
Forum: Personal Consumer Issues
Topic: Best place to live in CA for a young family
Replies: 82
Views: 5999

Re: Best place to live in CA for a young family

Where would one retire in CA? I'm considering this as well. I'm a physician in the Midwest, saved and invested a bunch Boglehead style due to low cost of living. Now that I'm approaching 50, I'd like to move out to CA to be close to family and to eventually retire there. This is the opposite direct...
by Clever_Username
Sat Jan 16, 2016 11:30 am
Forum: Investing - Help with Personal Investments
Topic: Ignore the noise
Replies: 16
Views: 2124

Re: Ignore the noise

I used to get the noise regularly. I'd still ignore it, but I'd check Google Finance every day the market was open. A few months ago, I kicked this habit. When I visit my parents, I get the noise again. My dad likes to keep various financial news on the television. I know their market exposure is sm...
by Clever_Username
Sat Jan 16, 2016 11:00 am
Forum: Personal Consumer Issues
Topic: Best place to live in CA for a young family
Replies: 82
Views: 5999

Re: Best place to live in CA for a young family

Where would one retire in CA? I'm considering this as well. I'm a physician in the Midwest, saved and invested a bunch Boglehead style due to low cost of living. Now that I'm approaching 50, I'd like to move out to CA to be close to family and to eventually retire there. This is the opposite direct...
by Clever_Username
Fri Jan 15, 2016 10:40 pm
Forum: Personal Consumer Issues
Topic: Best place to live in CA for a young family
Replies: 82
Views: 5999

Re: Best place to live in CA for a young family

Thirding the suggestion of Irvine. There's also surrounding areas -- in parts of Lake Forest, you can find a house that fits your description.

Pasadena may also be something to consider if you prefer to be near, but not quite in, the big city.
by Clever_Username
Thu Jan 14, 2016 1:17 pm
Forum: Investing - Help with Personal Investments
Topic: Convincing Dad to Fire the Firm
Replies: 31
Views: 2608

Re: Convincing Dad to Fire the Firm

psystal wrote:What I'm hoping for is not to have my parents move into my basement.



I thought you said your mom's pension would be enough to sustain them. Why would they move into your basement?
by Clever_Username
Wed Jan 06, 2016 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: WSJ Article: Why the redskins players are so frugal?
Replies: 22
Views: 2711

Re: WSJ Article: Why the redskins players are so frugal?

I think I read somewhere a few years ago that Carson Palmer lives as though he makes $100,000/year -- a bit more than some described in that article (although with what I would guess a three-bedroom goes for in D.C., even shared, maybe not). Either way, I love the stories of NFL players being frugal...
by Clever_Username
Sun Jan 03, 2016 2:43 pm
Forum: Investing - Theory, News & General
Topic: MM funds responding to the rate hike
Replies: 14
Views: 1465

Re: MM funds responding to the rate hike

So would that make the money market fund a better place for cash than a bank account that earns under 0.26% interest?
by Clever_Username
Sat Jan 02, 2016 3:32 am
Forum: Investing - Help with Personal Investments
Topic: Savings in CA Municipal Bonds
Replies: 5
Views: 433

Re: Savings in CA Municipal Bonds

I am contemplating moving a good portion of my cash savings (currently allocated for a downpayment on a house) into CA Tax-Exempt Muni Bonds. I understand that as interest rates rise bonds go down, but I can't see interest rates substantially rising this year. Thoughts? I thought about doing simila...
by Clever_Username
Sat Jan 02, 2016 3:26 am
Forum: Investing - Help with Personal Investments
Topic: Are Bogleheads Buying I-Bonds 2016?
Replies: 73
Views: 7989

Re: Are Bogleheads Buying I-Bonds 2016?

Yup. I own $20,000 (full allotments from 2014 and 2015) at the moment and I want, among other things, my first step in an emergency to be money that has some inflation protection. I will almost certainly get a fixed-rate mortgage in 2017 (a little over a year from now), so between that and having fa...
by Clever_Username
Sat Dec 26, 2015 11:33 am
Forum: Investing - Help with Personal Investments
Topic: Newbie: Investing in Cryptocurrency
Replies: 28
Views: 1849

Re: Newbie: Investing in Cryptocurrency

I don't have $1004 left over at the end of the month...maybe between $400-$600. I watched a video on Onecoin and thought this was my answer to getting out of debt. Is the $400-$600 you have left after all expenses, including the $1004 minimum payment on your student loans? Or do you have $600 left ...
by Clever_Username
Fri Dec 25, 2015 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: half rant, half seeking advice [Correcting excessive plan contributions]
Replies: 8
Views: 940

Re: half rant, half seeking advice [Correcting excessive plan contributions]

Depending how your current employer feels about you, and how friendly you are with your boss, would it be possible to request a small bonus to cover your expense? Maybe a nominal $100 added one-time to a paycheck -- the after-tax portion will cover your expense and give you a small amount for your t...
by Clever_Username
Fri Dec 25, 2015 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: [Debt free!]
Replies: 24
Views: 3017

Re: [Debt free!]

Congratulations on this major achievement.
by Clever_Username
Fri Dec 25, 2015 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: [What will you do differently in] 2016
Replies: 62
Views: 6421

Re: [What will you do differently in] 2016

In 2015 I maxed out my Roth IRA early in the year (January) and didn't max out I-Bonds until November (partly because I was greedy in waiting for May in hopes of a better interest rate and you know how that turned out). Although it will be better news overall, I will be earning more in 2016, and I w...
by Clever_Username
Thu Dec 24, 2015 11:21 am
Forum: Personal Finance (Not Investing)
Topic: High-tech employee lawsuit settlement approved
Replies: 40
Views: 6666

Re: High-tech employee lawsuit settlement approved

Hmm. I was a summer intern for one of those companies during the time period. Am I included? I hadn't heard about this until I saw this thread today.
by Clever_Username
Tue Dec 22, 2015 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Biggest lucky break in your personal finances?
Replies: 160
Views: 12126

Re: Biggest lucky break in your personal finances?

In my case, it's absolutely being born to parents who (a) were financially (and emotionally, etc) ready (I'm the first born, and they were married for seven years and in their mid 30s when I was born) to raise children and (b) who taught me saving and other important financial lessons from an early ...
by Clever_Username
Sat Nov 07, 2015 2:29 pm
Forum: Personal Consumer Issues
Topic: "Unusual" family custom - anyone have same experience?
Replies: 6
Views: 1241

Re: "Unusual" family custom - anyone have same experience?

Parents are still mom and dad (I'm 32). On rare occasion I'd call my dad by his first name, usually when we were at a sporting event, I was a kid, and lots of kids would be calling for "dad." Mom's father (I never really knew her mother) went by his first name to me. Always did. I was very...
by Clever_Username
Sat Nov 07, 2015 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: New Savings Bond Rates
Replies: 3
Views: 486

Re: New Savings Bond Rates

Oh cool. Not that it makes a significant difference, I'm glad I forgot to max out my I-Bonds in April. I'll get a slightly better rate when I buy this month :-)

Thanks for looking these up.
by Clever_Username
Mon Nov 02, 2015 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: What do you consider an emergency?
Replies: 49
Views: 3963

Re: What do you consider an emergency?

We definitely believe that "God will provide", but we think he does it on an ongoing basis and try to take advantage of our good fortune right now. All of these line items also help keep us from thinking we make "too much" money to go blow it on stuff. :) I really like this way ...

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