Search found 113 matches

by DonDraper
Fri Oct 28, 2016 9:52 pm
Forum: Personal Consumer Issues
Topic: Mr. Money Mustache donates $100k to charity, writes about effective altruism
Replies: 100
Views: 10036

Re: Mr. Money Mustache donates $100k to charity, writes about effective altruism

Yeah, not very impressed about someone who makes >400k donating 100k. It doesn't seem like a huge sacrifice to live on 300k/year :oops: . Was this a one time donation? Then that is actually pretty pitiful for someone making >400k annually. I am even less impressed when they tell people about it in ...
by DonDraper
Wed Oct 26, 2016 4:31 am
Forum: Personal Finance (Not Investing)
Topic: Are Pre-existing conditions still a thing?
Replies: 8
Views: 1191

Re: Are Pre-existing conditions still a thing?

Thanks for the responses. I will definitely have to reach out to the new insurance company before considering switching plans. I still believe based on my research that pre existing condition could not be used to deny coverage even prior to the affordable care act because I had no lapse in coverage ...
by DonDraper
Tue Oct 25, 2016 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Are Pre-existing conditions still a thing?
Replies: 8
Views: 1191

Are Pre-existing conditions still a thing?

Here's my situation. Four years ago I was successfully treated for kidney cancer. I'm now thinking of switching our family's health insurance from my wife's employer to my own employer. (It's drastically cheaper). Do I have any concerns in terms of pre existing conditions if my cancer returned and I...
by DonDraper
Wed May 18, 2016 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Good Personal Finance and/or Investing Podcasts?
Replies: 9
Views: 1374

Re: Good Personal Finance and/or Investing Podcasts?

Money Guy Show

Dough Roller Podcast

Your Money or Your Life

Listen Money Matters - (Millennials perspective on investing and making $$)

Frank Curzio's podcast

Disciplined Investor

DH Unplugged

Steve Cordasco has a new podcast that's pretty good
by DonDraper
Wed May 18, 2016 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Pride in no inheritance to kids?
Replies: 233
Views: 2583

Re: Pride in no inheritance to kids?

Keep in mind if you live into your into your 80's your kids are going to be in their 50's or older when they inherit your money. You aren't going to screw up their life giving them money at that age.
by DonDraper
Sat Mar 26, 2016 7:38 am
Forum: Personal Finance (Not Investing)
Topic: Home Mortgage payoff
Replies: 42
Views: 6428

Re: Home Mortgage payoff

... I will consider paying down the mortgage after I reach my FIRE number. But, not before then. KlangFool Paying off your mortgage reduces your FIRE number. Are you including the mortgage expense when you calculate how much you need for FIRE? My biggest fear with following this strategy is having ...
by DonDraper
Tue Feb 23, 2016 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Mr Money Mustache Article (New Yorker)
Replies: 94
Views: 13702

Re: Mr Money Mustache Article (New Yorker)

I'm a huge fan of MMM. He's been a great inspiration to me. I was already trending in that direction before I found his site and got more comfortable with approaching life with that mindset. His ideas and lifestyle aren't for everyone. It's all about doing what makes you happy. I can relate to his m...
by DonDraper
Sat Feb 20, 2016 8:33 am
Forum: Investing - Theory, News & General
Topic: Extreme saving with low returns - not worth it?
Replies: 71
Views: 9453

Re: Extreme saving with low returns - not worth it?

Just my 2 cents. This thought process tends to arise not with low returns but rather with NEGATIVE returns. It's frustrating to sacrifice and save only to see the market tank and erase months of frugal living. I think that is where the original poster's mindset is at. He's looking at recent returns ...
by DonDraper
Sun Jan 31, 2016 6:21 pm
Forum: Personal Consumer Issues
Topic: Replacing timing belt on 2009 Accord(Do it or sell?)
Replies: 66
Views: 8545

Re: Replacing timing belt on 2009 Accord(Do it or sell?)

This is a little embarrassing but I'm going to come clean. My Accord is a four cylinder so apparently based on this thread I don't even have a timing belt. I have a chain. :oops:

My last Accord had a belt so I just assumed this one was the same. Great news and thanks for the education.
by DonDraper
Sun Jan 31, 2016 9:42 am
Forum: Personal Consumer Issues
Topic: Replacing timing belt on 2009 Accord(Do it or sell?)
Replies: 66
Views: 8545

Replacing timing belt on 2009 Accord(Do it or sell?)

I own a 2009 Accord(71k miles) and I'm approaching the recommended time to replace the timing belt/water pump. The dealer price for this maintenance is $650. That's obviously an expensive maintenance and I'm trying to weigh the decision of replace the belt and keep the car vs buy a new accord. My qu...
by DonDraper
Sat Jan 23, 2016 9:34 pm
Forum: Investing - Theory, News & General
Topic: Podcasts - financial
Replies: 14
Views: 1677

Re: Podcasts - financial

I recommend The Dough Roller podcast and The Money Guy Show.
by DonDraper
Fri Jan 22, 2016 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: Am I hurting myself by saving too much? (re: college funding)
Replies: 104
Views: 8332

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

Colleges are starting to offer options to lower the overall cost of tuition. Rowan University in NJ just unveiled a program where you can attend the local community college for 3 years and in the fourth year attend Rowan for a total cost of only $25k. University of Maine is offering out of state stu...
by DonDraper
Fri Jan 22, 2016 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Am I hurting myself by saving too much? (re: college funding)
Replies: 104
Views: 8332

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

Great thread. I had some of the same thoughts regarding whether I'm going to be penalized for being a saver. I have a coworker whose son is attending the Rutgers Camden campus for next to nothing.(couple thousand a semester). I'm not sure why they were able to secure such a deal. The family is middl...
by DonDraper
Sat Jul 04, 2015 8:54 pm
Forum: Investing - Help with Personal Investments
Topic: Transferring 403b funds to Vanguard
Replies: 7
Views: 597

Re: Transferring 403b funds to Vanguard

As far as I know, you should be able to, at the very least, rollover the life insurance-related 403b to an IRA with Vanguard. My wife has a small 403b (USAA) that we plan to eventually rollover/convert to a Roth IRA mainly for the sake of account consolidation (aside from lower fees going forward)....
by DonDraper
Sat Jul 04, 2015 4:30 pm
Forum: Investing - Help with Personal Investments
Topic: Transferring 403b funds to Vanguard
Replies: 7
Views: 597

Transferring 403b funds to Vanguard

My spouse has 403b money from her current employer at two different companies. One company is Vanguard and other is a crappy high fee annuity product at a life insurance company. I would like to rollover the money from the insurance company into Vanguard. Here's the kicker, Vanguard is no longer an ...
by DonDraper
Thu Jun 18, 2015 9:26 am
Forum: Personal Consumer Issues
Topic: Old version of Quicken not pulling stock quotes
Replies: 2
Views: 538

Old version of Quicken not pulling stock quotes

Suddenly my 2011 version of Quicken is returning a $0 value for stock quotes on several ETF's and individual stocks. I'm not asking it to pull info from my investment account. This is purely searching for a quote. Anyone else suddenly experiencing this? Probably a sign to upgrade or use something el...
by DonDraper
Sun Mar 01, 2015 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: Maximum amount in a 529 for an 8 year old?
Replies: 9
Views: 1348

Re: Maximum amount in a 529 for an 8 year old?

We have substantially more than this for our 7 and 10 year old in 529's, but we view the 529 accounts as a mechanism to fund a family legacy of emphasis on education. Our intent is that anything not used by our kids will be used by our grandkids or beyond. That's an interesting way to look at it. G...
by DonDraper
Sun Mar 01, 2015 9:05 am
Forum: Investing - Help with Personal Investments
Topic: Maximum amount in a 529 for an 8 year old?
Replies: 9
Views: 1348

Maximum amount in a 529 for an 8 year old?

What is the maximum amount you would put in a 529 plan for an 8 year old? Here's my situation. I currently have about $42k in a 529 plan for my 8 year old. We only have 1 child. The money is currently invested in a fund that is 75/25 stocks/bonds. In 10 years this money should roughly double to arou...
by DonDraper
Sat Feb 28, 2015 7:47 am
Forum: Personal Finance (Not Investing)
Topic: Do you consider mortgage payments as savings?
Replies: 410
Views: 28359

Re: Do you consider mortgage payments as savings?

Yes I do consider the portion that goes towards paying down the principal to be savings. Let's say you had $100k in after tax income. You spent $30 on living expenses and put $70k in the bank. On December 31st you took that $70k out of the bank and paid off your mortgage. I consider that to be $70k ...
by DonDraper
Sat Feb 14, 2015 9:58 pm
Forum: Personal Consumer Issues
Topic: Does anyone like the new Toyota/Lexus grilles?
Replies: 81
Views: 17548

Re: Does anyone like the new Toyota/Lexus grilles?

My parents have owned three Camry's in a row but my mother refuses to buy a fourth because of the grill.
by DonDraper
Fri Feb 06, 2015 10:18 pm
Forum: Personal Consumer Issues
Topic: Verizon Wireless Modifies 'More Everything Plans'
Replies: 14
Views: 3232

Re: Verizon Wireless Modifies 'More Everything Plans'

I just took advantage of this and lowered my bill by $10 and it specifically said it will not change my contract end date.
by DonDraper
Thu Jan 15, 2015 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: When your spouse isn't quite as frugal as you
Replies: 94
Views: 10761

Re: When your spouse isn't quite as frugal as you

My spouse and I agreed on a set spending limit for the month which she loads onto a prepaid card. She can spend that on whatever she wants but when it's gone, it's gone. It's worked pretty well and she's fine with it too.
by DonDraper
Sun Dec 28, 2014 11:38 am
Forum: Investing - Theory, News & General
Topic: Facebook is Outrageous
Replies: 78
Views: 11266

Re: Facebook is Outrageous

Once you use Facebook for awhile it essentially becomes a diary of your life complete with pictures of friends and family. I don't think people will easily give it up.
by DonDraper
Wed Oct 15, 2014 8:04 pm
Forum: Investing - Theory, News & General
Topic: New case of Ebola in U.S.: Is it the latest market headwind?
Replies: 13
Views: 1584

Re: New case of Ebola in U.S.: Is it the latest market headw

I'm sure it's affected it in some way. There are those who believe the end is neigh. Because each week the news has gotten worse, their fears become more and more "validated." Admittedly I have been thrown for a loop myself but I'm not panicking. When it all first started I never thought ...
by DonDraper
Sun Sep 28, 2014 6:07 pm
Forum: Investing - Help with Personal Investments
Topic: R u selling PIMCO bond fund
Replies: 25
Views: 3420

Re: R u selling PIMCO bond fund

I just sold out of Pimco and went into a Total Bond Index fund which has a razor thin .0006 expense ratio. Truth be told, I was close to pulling the trigger on this switch prior to Gross leaving so Friday's news was the clincher for me.
by DonDraper
Sat Sep 27, 2014 7:41 am
Forum: Investing - Help with Personal Investments
Topic: Will Bill Gross beat the Total Bond Market Index?
Replies: 57
Views: 7110

Re: Will Bill Gross beat the Total Bond Market Index?

Haha!

Well I guess I got my answer!

I'm now likely to move my bond allocation in my 401k to the index fund.
by DonDraper
Thu Sep 25, 2014 7:55 pm
Forum: Personal Consumer Issues
Topic: The Villages Retirement Community Near Orlando
Replies: 83
Views: 12152

Re: The Villages Retirement Community Near Orlando

I've also read some amusing stories regarding women trying to steal other women's husbands down there. Apparently the guy/girl ratio leans heavily in the mans favor. Sounds like there's a lot of poaching going on. :)
by DonDraper
Mon Sep 01, 2014 7:20 pm
Forum: Investing - Help with Personal Investments
Topic: Will Bill Gross beat the Total Bond Market Index?
Replies: 57
Views: 7110

Re: Will Bill Gross beat the Total Bond Market Index?

Thank you for all your responses. I suppose my problem is I view bonds as a terrible investment over the next 10 years. I hold them because I can't seem to find a better alternative to them. It makes sense to me that if interest rates are going to go up, an active manager like Gross will be able to ...
by DonDraper
Mon Sep 01, 2014 1:10 pm
Forum: Investing - Help with Personal Investments
Topic: Will Bill Gross beat the Total Bond Market Index?
Replies: 57
Views: 7110

Will Bill Gross beat the Total Bond Market Index?

In a rising interest rate environment, Gross and his Pimco Bond Fund are going to have more flexibility which might allow it to beat the static Total Bond Market Fund. That's the theory anyway. Obviously the problem with this logic is that nobody, including Gross knows exactly what interest rates ar...
by DonDraper
Thu Jul 24, 2014 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Personal finance podcast to replace Marketplace Money?
Replies: 19
Views: 3524

Re: Personal finance podcast to replace Marketplace Money?

The Money Guy doesn't usually "push" T-shirts. One of his children is autistic and 100% of the proceeds from the T-shirt sale goes to support those type of charities. I've been listening to him for years this is the first time he's ever tried to sell anything. I like the show. I told my wi...
by DonDraper
Sun Jul 06, 2014 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Easy careers to last me to retirement?
Replies: 141
Views: 19651

Re: Easy careers to last me to retirement?

With $500k in assets only $2500 a month in expenses, you aren't that far away from being financially independent.

With a 4% withdrawal rate you only need $750,000 to cover your expenses. Suck it up and work an IT or project manager job until you hit 50 and then retire.
by DonDraper
Thu Jun 26, 2014 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: Water/sewer backup coverage: buy or not?
Replies: 33
Views: 13428

Re: Water/sewer backup coverage: buy or not?

FWIW I had a sewer backup a few years ago and had a shut off valve installed along the sewer line in the front of the house. I literally have to put an 8 foot pole down into the ground which turns a valve that will completely seal off the sewer pipe. I now have a water alarm in the lowest drain so i...
by DonDraper
Mon Jun 16, 2014 6:36 am
Forum: Investing - Theory, News & General
Topic: Why don't we like Dave Ramesy's investment advice
Replies: 50
Views: 6045

Re: Why don't we like Dave Ramesy's investment advice

He was recently in the news - http://www.thedailybeast.com/articles/2014/05/29/spies-cash-and-fear-inside-christian-money-guru-dave-ramsey-s-social-media-witch-hunt.html http://www.nashvillescene.com/pitw/archives/2014/05/29/christian-money-man-dave-ramseys-power-drunk-paranoia I've been listening ...
by DonDraper
Fri Jun 13, 2014 8:55 pm
Forum: Investing - Help with Personal Investments
Topic: Should I buy time in my gov't pension plan?
Replies: 24
Views: 2504

Re: Should I buy time in my gov't pension plan?

I personally wouldn't do it. They can and likely will change the deal before you retire. My spouse is in the NJ pension system. A few years ago they took away the COLA and now they aren't funding the pension. You are handing over $81k but have little recourse if they pull the rug out between now and...
by DonDraper
Thu Jun 12, 2014 9:55 am
Forum: Investing - Help with Personal Investments
Topic: Bond ETFs a certain loss?
Replies: 16
Views: 1410

Re: Bond ETFs a certain loss?

I'm struggling with same dilemma. I'm considering using CD's, I Bonds, Online savings accounts for a portion of what would have been my bond allocation. It feels like market timing which I hate to do but it just seems foolish to sit with 30-40% bonds. The other issue is there is no CD option when it...
by DonDraper
Sun Mar 23, 2014 8:11 am
Forum: Personal Finance (Not Investing)
Topic: well off living paycheck to paycheck
Replies: 16
Views: 2856

Re: well off living paycheck to paycheck

I have a sibling who is married with a combined income of $200k and they live paycheck to paycheck. The spouse makes $130k and contributes ZERO to her 401k. The other spouse makes $70k and contributes 5% to his 401k. They are in their mid 40's. They also have 2 boys in middle school and they haven't...
by DonDraper
Wed Mar 05, 2014 8:42 pm
Forum: Investing - Help with Personal Investments
Topic: Alternatives to MINT.com
Replies: 36
Views: 8760

Re: Alternatives to MINT.com

How do you (meaning anybody reading this) know you can trust these free services with the user name and passwords to your actual financial custodians? I'm concerned that someone could hack the free services and get my passwords. I realize the services keep passwords in encrypted files, but even enc...
by DonDraper
Sun Mar 02, 2014 8:47 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Total Bond Market or 4% fixed at ING?
Replies: 14
Views: 2883

Re: Vanguard Total Bond Market or 4% fixed at ING?

How are you getting a 4% fixed rate at ING?
by DonDraper
Sat Mar 01, 2014 7:14 am
Forum: Personal Consumer Issues
Topic: Anyone ever buy Masters tickets in Augusta?
Replies: 17
Views: 2773

Re: Anyone ever buy Masters tickets in Augusta?

I really REALLY want to go to a Masters practice round this year, but haven't gotten any tickets. And they're $600 on Stubhub, so that's too much. Has anyone bought them down in Augusta the day of the tournament before? If so, did you find a better deal than the online prices? I went to a US Open p...
by DonDraper
Sat Mar 01, 2014 7:08 am
Forum: Investing - Help with Personal Investments
Topic: Allan Roth on "Richest Guy in the Graveyard"
Replies: 53
Views: 8125

Re: Allan Roth on "Richest Guy in the Graveyard"

I would like to be rich in the graveyard because that money will then transfer to my children.
by DonDraper
Sun Feb 23, 2014 9:55 pm
Forum: Investing - Help with Personal Investments
Topic: Where do you invest your child's savings?
Replies: 30
Views: 2454

Re: Where do you invest your child's savings?

This might be a dumb question but can you open the Target Retirement Fund in the child's social security number?
by DonDraper
Sun Feb 23, 2014 7:58 pm
Forum: Investing - Help with Personal Investments
Topic: Where do you invest your child's savings?
Replies: 30
Views: 2454

Where do you invest your child's savings?

My son is going to make his 1st Communion this Spring(age 8). When it's all said and done he will probably have between $500-$1000 accumulated. My first instinct was to take him to the bank and open up a Kid's saving account so he can learn about interest income, however with interest rates so low I...
by DonDraper
Tue Feb 11, 2014 9:18 pm
Forum: Investing - Theory, News & General
Topic: Wow! Jim Cramer hates passive index investing
Replies: 52
Views: 6659

Re: Wow! Jim Cramer hates passive index investing

I love Cramer as an entertainer but that's it. Read the book "Trading With The Enemy". It was written by a guy who used to work for Cramer at his hedge fund. Cramer was an absolute maniac back in the day. Great book. Cramer's "Confessions of a Street Addict" is also very entertai...
by DonDraper
Sun Feb 09, 2014 7:36 am
Forum: Investing - Help with Personal Investments
Topic: Retire by 55?
Replies: 41
Views: 6511

Re: Retire by 55?

I recommend the website and book called Early Retirement Extreme. If you follow his methods and lifestyle, you have enough money to retire.
by DonDraper
Wed Jan 29, 2014 8:13 pm
Forum: Investing - Help with Personal Investments
Topic: Not happy with market
Replies: 148
Views: 14866

Re: Not happy with market

I'm the opposite. I'm enjoying this sell off. I was so tired of hearing we were due for a pullback. I'm still contributing to the market and it feels better to buy at these levels. Prior to this pullback it was starting to feel like a bubble. I wouldn't mind another 5% pullback just for my piece of ...
by DonDraper
Sat Jan 25, 2014 3:48 pm
Forum: Investing - Theory, News & General
Topic: Portfolio 100% Denominated in US Dollar Assets
Replies: 9
Views: 1526

Re: Portfolio 100% Denominated in US Dollar Assets

You don't own international stocks? Yes I do but maybe I'm not making myself clear. Even if I own the vanguard Total International Stock index it is still denominated in US dollars. My question is does that matter? Guys like Jim Rogers are telling investors they should invest in something like DSUM...
by DonDraper
Sat Jan 25, 2014 10:27 am
Forum: Investing - Theory, News & General
Topic: Portfolio 100% Denominated in US Dollar Assets
Replies: 9
Views: 1526

Portfolio 100% Denominated in US Dollar Assets

I reading something from Jim Rogers where he was warning against holding all of your portfolio in US dollar assets. Help me understand why this is something we should be considered about. If I own the Vanguard Total Stock Market Index Fund and we have a major collapse in the dollar, sure the value o...
by DonDraper
Fri Jan 17, 2014 9:44 pm
Forum: Investing - Theory, News & General
Topic: Good Bogleheads Podcasts?
Replies: 12
Views: 1832

Re: Good Bogleheads Podcasts?

The Money Guy Podcast. It's very good. The host is like my financial twin. They put out a show once every two weeks.
by DonDraper
Fri Dec 20, 2013 9:21 pm
Forum: Investing - Help with Personal Investments
Topic: This Stock Market run makes me want to payoff mortgage
Replies: 32
Views: 3703

This Stock Market run makes me want to payoff mortgage

This seemingly never ending bull market makes it very tempting to want to cash in a large portion of my portfolio and just payoff my mortgage. Of course practically speaking it's not feasible because most of it is tied up in retirement accounts. I just have that feeling that a big correction is comi...
by DonDraper
Tue Dec 10, 2013 7:57 pm
Forum: Investing - Help with Personal Investments
Topic: I Bonds
Replies: 13
Views: 1458

I Bonds

In the "I just inherited 1 million dollars" thread several posters recommended immediately purchasing $10k of I bonds for both the husband and wife. I'm wondering what rationale behind this would be? I own I bonds and they are currently yielding a little over 1%. I understand they can make...

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