Search found 1349 matches

by FelixTheCat
Wed Apr 19, 2017 4:11 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Allocation
Replies: 8
Views: 1108

Re: Retirement Allocation

+1 on the three fund portfolio.
by FelixTheCat
Wed Apr 19, 2017 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Adult child lack of availability at tax time.
Replies: 24
Views: 1790

Re: Adult child lack of availability at tax time.

Stop enabling the adult! Let the IRS contact the adult for his lack of tax filing.
by FelixTheCat
Wed Apr 19, 2017 11:07 am
Forum: Investing - Help with Personal Investments
Topic: Should I bother with a 401k at present?
Replies: 25
Views: 1897

Re: Should I bother with a 401k at present?

The one thing I wish I listened to when I was younger was "Pay yourself first." At a minimum, invest in the 401K to get the match.
by FelixTheCat
Tue Apr 18, 2017 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: 27yr curious about my investment personel and strategy
Replies: 59
Views: 5252

Re: 27yr curious about my investment personel and strategy

So! The Conversation has been had, and the process of having the 3rd party money management firm and my advisor removed from my fidelity account is in process. ( They said it takes a few days to finalize it all) Still need to make a couple decisions on my Indexed Universal Life insurance plan.. But...
by FelixTheCat
Tue Apr 18, 2017 1:59 pm
Forum: Investing - Help with Personal Investments
Topic: 27yr curious about my investment personel and strategy
Replies: 59
Views: 5252

Re: 27yr curious about my investment personel and strategy

Why is there a whole life policy? Wife? Kids? Those mutual fund expense ratios are outrageous. Did I see front-end loads? :oops: Start reading https://www.bogleheads.org/wiki/Getting_started so you can take charge of your finances. The wiki/forum will teach you to construct a three-fund tax-efficien...
by FelixTheCat
Tue Apr 18, 2017 12:13 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for UTMA Account
Replies: 3
Views: 195

Re: Advice for UTMA Account

Ten years ago my Mother In Law (since deceased) bought a savings bond for my son which has now matured. We just received the proceeds in the amount of $395. I would like to set up a UTMA account for him so that he/we can invest the money. My thought was to set something up at Vanguard and put the m...
by FelixTheCat
Fri Apr 14, 2017 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: What constitutes "a lot" of money?
Replies: 79
Views: 10074

Re: What constitutes "a lot" of money?

Almost half the world — over three billion people — live on less than $2.50 a day. At least 80% of humanity lives on less than $10 a day. More than 80 percent of the world's population lives in countries where income differentials are widening. 50% of the world ~ $2.50 a day Next 30% ~ $10 a day A ...
by FelixTheCat
Fri Apr 14, 2017 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Age when you started to max out your retirement accounts?
Replies: 177
Views: 24091

Re: Age when you started to max out your retirement accounts?

Maxed out contributions after child support ended at 53.
by FelixTheCat
Wed Apr 12, 2017 6:23 pm
Forum: Personal Consumer Issues
Topic: Week in San Diego - What to do?
Replies: 35
Views: 2198

Re: Week in San Diego - What to do?

Balboa Park ~ museums, food, park Zoo / Wild Animal park Stephen Birch Aquarium Sea Port Village (ocean, restaurants, shops, merry-go-round) / USS Midway / Horse drawn carriages / Sea Land Tours Beaches (Children's Pool in La Jolla to see seals), Coronado (Hotel Del) Legoland Close enough to Train (...
by FelixTheCat
Wed Apr 12, 2017 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Severance
Replies: 16
Views: 1632

Re: Severance

Smile. Sign the papers. Collect the check.

The good news is summer is almost here. Take some time off and enjoy life.
by FelixTheCat
Wed Apr 12, 2017 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Tax preparer charging for past tax PDF's copies
Replies: 49
Views: 3323

Re: Tax preparer charging for past tax PDF's copies

You are paying for labor. Tax person needs to eat. :happy
by FelixTheCat
Wed Apr 12, 2017 12:14 pm
Forum: Investing - Help with Personal Investments
Topic: Worried on my Job? Options beyond Emergency Fund?
Replies: 12
Views: 1586

Re: Worried on my Job? Options beyond Emergency Fund?

Improve your skill set, keep your resume current and increase your emergency fund.
by FelixTheCat
Tue Apr 11, 2017 4:05 pm
Forum: Investing - Help with Personal Investments
Topic: Investment accounts and moving to Vanguards
Replies: 6
Views: 520

Re: Investment accounts and moving to Vanguards

In an IRA, there is usually on option which asks which year are you contributing. You can contribute to 2016 & 2017 on the same day.
by FelixTheCat
Fri Apr 07, 2017 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: Helping Friend sell stocks move $ to Vanguard Need Advice!!
Replies: 7
Views: 675

Re: Helping Friend sell stocks move $ to Vanguard Need Advice!!

crazyhorse wrote:I'm helping a friend (67 yo female) who has very limited interest in her finances and doesn't have enough for retirement.

If your friend has very limited interest in her own affairs, then you should stay out of her finances. Point her to this forum when she becomes interested.
by FelixTheCat
Fri Apr 07, 2017 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Telling Family About Daughters 529 For Gifts
Replies: 52
Views: 3376

Re: Telling Family About Daughters 529 For Gifts

I didn't have any luck. I had a lot of opposition from family about saving for college.
by FelixTheCat
Thu Apr 06, 2017 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Unique position
Replies: 17
Views: 1036

Re: Unique position

Thanks for your service. I think of asset allocation in terms of sleep. The stock market drops considerably like the 2009 crash. How do you react? Are you upset that you lost 37% of your money? Are you excited that you can purchase stocks for a lot less money? Vanguard has an asset allocation questi...
by FelixTheCat
Thu Apr 06, 2017 3:48 pm
Forum: Investing - Help with Personal Investments
Topic: Which 500 Fund to Invest in.
Replies: 25
Views: 2615

Re: Which 500 Fund to Invest in.

I would invest in the fund family where you have your brokerage account. For example, buy the Fidelity fund if you have a Fidelity brokerage account.

If your account charges fees for everything, look at commission free ETFs. The purpose is to avoid transaction fees.
by FelixTheCat
Wed Apr 05, 2017 1:01 pm
Forum: Investing - Theory, News & General
Topic: Why Buffet likes S&P 500 Index over a TSM Index Fund?
Replies: 45
Views: 5157

Re: Why Buffet likes S&P 500 Index over a TSM Index Fund?

I've never heard why Buffett prefers S&P 500 over TSM. Maybe he doesn't like small/mid caps?
by FelixTheCat
Wed Apr 05, 2017 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: Old [person] playing catch up in retirement
Replies: 10
Views: 1778

Re: Old [person] playing catch up in retirement

Thanks for sharing your story. Definitely a confidence booster for me. It's amazing how your money grew from $132,000- to $460,000 in just 6 years! Mind sharing where your money was invested during that time? By the way, congrats on your success :sharebeer I took a guess. From Jan 1992 - Dec 1998 V...
by FelixTheCat
Thu Mar 30, 2017 3:14 pm
Forum: Personal Consumer Issues
Topic: Is the secret to getting wealthy...
Replies: 48
Views: 4363

Re: Is the secret to getting wealthy...

There are only two marketing geniuses I admire Inventor of the Pet Rock You are probably too young to remember. A guy convinces the USA to buy a rock in a box. https://images-na.ssl-images-amazon.com/images/I/714aAzO4JxL._SX355_.jpg Person who invented ATM fees I remember you had to make it to the b...
by FelixTheCat
Wed Mar 29, 2017 6:43 pm
Forum: Investing - Theory, News & General
Topic: anyone factor in future inheritance?
Replies: 78
Views: 4713

Re: anyone factor in future inheritance?

Don't count your chickens before they are hatched.

P.S. When did barnyard fowl become an accounting method? :D
by FelixTheCat
Wed Mar 29, 2017 6:41 pm
Forum: Investing - Help with Personal Investments
Topic: Where can I buy Vanguard Funds w/o Fees ?
Replies: 37
Views: 2856

Re: Where can I buy Vanguard Funds w/o Fees ?

I've never had an issue with Vanguard. Part of the Boglehead mantra is low costs. Where ever you decide to go, I would buy from that fund's family equivalent of Vanguard. For example, purchase Fidelity's S&P 500 index fund at Fidelity instead of paying the fee for purchasing Vanguard's S&P 5...
by FelixTheCat
Wed Mar 29, 2017 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: When do you plan to die?
Replies: 143
Views: 7943

Re: When do you plan to die?

I had a Vanguard CFP run a plan for me a few years back. He used 100 as the age of death.
by FelixTheCat
Wed Mar 29, 2017 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Child Planning Checklist
Replies: 42
Views: 2846

Re: Child Planning Checklist

In the next two months... Sleep in for the next two months. Bring a bag of coins. You will be eating out of the vending machine on delivery day. Bassinet, Car Seat & Stroller. Know how to install the car seat before the kid is born. Practice, practice, practice. Kid prep items such as diapers, ...
by FelixTheCat
Tue Mar 28, 2017 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Daughter maxed out credit cards, needs help from me
Replies: 92
Views: 4573

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

My advice is don't enable the daughter by bailing her out. My Mom's first and last answer was "That's too bad. How are you going to handle it?" I learned to handle my money very quickly. I would 1) Teach your daughter about budgeting. Pay for her YNAB subscription if you want. 2) Show her ...
by FelixTheCat
Tue Mar 28, 2017 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Charitable
Replies: 47
Views: 4029

Re: Fidelity Charitable

+100 on Fidelity DAF.
by FelixTheCat
Fri Mar 24, 2017 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Are Bogleheads in the minority on the use of investment advisors?
Replies: 86
Views: 5289

Re: Are Bogleheads in the minority on the use of investment advisors?

I remember financial advisors. Long story short; Advisor #1 Broken even because of front loaded funds and Advisor #2 lost 2/3rds of my IRA because of Sector Specific funds that were hot at that time.

I still can't believe the best of the two advisors put me in front-loaded funds.
by FelixTheCat
Fri Mar 24, 2017 11:53 am
Forum: Personal Finance (Not Investing)
Topic: What online bank do you use?
Replies: 63
Views: 4403

Re: What online bank do you use?

Fidelity Cash Management.
    Get $$$ from any ATM. No fees.
    Billpay.
    Free checking.
    Visa with 2% cash rewards. I send my 2% to my mutual funds.
    Great customer support.


Ally bank for savings.
by FelixTheCat
Wed Mar 22, 2017 5:16 pm
Forum: Forum Issues and Administration
Topic: Hacking Wordpress
Replies: 11
Views: 1210

Re: Hacking Wordpress

arizonaslim wrote:
Update those things ASAP. Don't wait. Just do it. And make sure you do a backup first. For this task, I recommend UpdraftPlus.

Another plugin I like. I have UpdraftPlus on my sites. :happy
by FelixTheCat
Wed Mar 22, 2017 4:49 pm
Forum: Forum Issues and Administration
Topic: Hacking Wordpress
Replies: 11
Views: 1210

Re: Hacking Wordpress

I suggest getting Wordfence to protect WordPress websites https://www.wordfence.com/ Also, have a decent backup plugin so you can restore quickly in case of an attack.
by FelixTheCat
Wed Mar 22, 2017 1:59 pm
Forum: Investing - Help with Personal Investments
Topic: I thought I understood AA, now I have confused myself
Replies: 10
Views: 567

Re: I thought I understood AA, now I have confused myself

Wow, this site is amazing. Thanks for all the responses, I have a much better understanding of AA now. Being a school teacher it is somewhat of a process to stop contributing to one fund and to start sending more money to the next. Our payroll person is awful, I usually have to send a few emails an...
by FelixTheCat
Wed Mar 22, 2017 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: I thought I understood AA, now I have confused myself
Replies: 10
Views: 567

Re: I thought I understood AA, now I have confused myself

Think of asset allocation as your sleep guide. You need to find an AA that will allow you to not worry with market movements. Let's pick 2008 for this example: Total Stock Market Index fund goes down 37 percent. Total Bond Market Index goes up 6%. What do you do? Does losing a lot of money in stocks...
by FelixTheCat
Wed Mar 22, 2017 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: child support question
Replies: 38
Views: 1412

Re: child support question

How does child support work with children born after first marriage? Parents have one child. Get divorced. Child support is ordered Dad has three more children with new wife. Let's say Dad earns 5K a month. Dad is supporting 4 children now. Will child support be reduced since Dad is supporting 3 new...
by FelixTheCat
Fri Mar 17, 2017 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Citi card Nightmare
Replies: 75
Views: 8276

Re: Citi card Nightmare

I vote with my wallet. Cancel Citi if they are causing you problems.

+1 on Fidelity Visa.
by FelixTheCat
Wed Mar 15, 2017 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: CA State Tax Refund ~ 3 Month Processing Time
Replies: 19
Views: 1393

Re: CA State Tax Refund ~ 3 Month Processing Time

N10sive wrote:I filed my taxes as soon as I could, got my CA return in less than a week. Filed my sisters taxes three weeks ago and she got hers within two weeks. I doubt there is a 3 month processing time.

I wish I saved a screen print from CA State Franchise Board. It told me 3 months.
by FelixTheCat
Wed Mar 15, 2017 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: CA State Tax Refund ~ 3 Month Processing Time
Replies: 19
Views: 1393

Re: CA State Tax Refund ~ 3 Month Processing Time

I e-filed late at night on 2/20 and got my CA return first thing in the morning on 2/28 I'm not talking to you. :D I filed 2/15 and my initial estimate was 3 months. Expedited to 2 months. The story I was told that there are a lot more returns filed this year. I wonder why I am in "pay late&qu...
by FelixTheCat
Wed Mar 15, 2017 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: CA State Tax Refund ~ 3 Month Processing Time
Replies: 19
Views: 1393

CA State Tax Refund ~ 3 Month Processing Time

I e-filed my return. CA Franchise Tax Board says it takes three months to process returns this year. After a little research, I found a department that will expedite your return. 916-845-7088.
by FelixTheCat
Tue Mar 14, 2017 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Life choices help
Replies: 2
Views: 347

Re: Life choices help

Ask your questions in this forum. Start with this template https://www.bogleheads.org/forum/viewtopic.php?t=6212#p76191
by FelixTheCat
Tue Mar 14, 2017 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: My Lehman Brothers windfall!!!
Replies: 22
Views: 4151

Re: My Lehman Brothers windfall!!!

Did you ever see the movie "The Big Short"? I loved the ending. It mentions that all of these people went to jail for their nefarious dealings. Then ten seconds later the movie says "Not really."

So...how you going to invest the $14? Bond fund? :D
by FelixTheCat
Tue Mar 14, 2017 3:14 pm
Forum: Investing - Help with Personal Investments
Topic: Best non-Vanguard home for my 2016 t-IRA
Replies: 12
Views: 699

Re: Best non-Vanguard home for my 2016 t-IRA

You have until April 17th. Mail in the forms.
by FelixTheCat
Tue Mar 14, 2017 12:31 pm
Forum: Investing - Help with Personal Investments
Topic: who should i choose to help me??
Replies: 57
Views: 5146

Re: who should i choose to help me??

I haven't read the thread. I am sure there are a lot of Boglehead 3 fund responses. :D aunt who i trust wants to borrow 40K for 5 years at 6% interest My advice is do not loan money. I've read/heard too many stories where loans are not repaid and the friendship ends. I know you love and trust your a...
by FelixTheCat
Tue Mar 14, 2017 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: How do Bogleheads handle allowance?
Replies: 38
Views: 2976

Re: How do Bogleheads handle allowance?

My DW believes chores are part of being a member of the family, so do not warrant monetary incentive. I agree with wife. I decided on $1 per year's age weekly allowance. At 6, the kid got $6 a week. I opened an Ally account in my name and put the money in there. This was my opportunity to discuss s...
by FelixTheCat
Mon Mar 13, 2017 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Surprise financial disaster, severe debt $300K caused by brother-in-law - Please help!
Replies: 212
Views: 39418

Re: Surprise financial disaster, severe debt $300K caused by brother-in-law - Please help!

He was ordered by the courts to provide an accounting of all finances he provided for my mother from the time of his POA, which was 9 years ago. This is what I would recommend. A full accounting of the finances and the reasons why. Let him explain details such as "For the past 2 years, there w...
by FelixTheCat
Mon Mar 13, 2017 1:27 pm
Forum: Investing - Theory, News & General
Topic: Anyone sorry they used bonds when starting out
Replies: 94
Views: 6976

Re: Anyone sorry they used bonds when starting out

I wish I had bonds when I started out. My first investment was a few months before the crash of 87.
by FelixTheCat
Thu Mar 09, 2017 6:49 pm
Forum: Personal Consumer Issues
Topic: Securing my securities -- IT best practices?
Replies: 23
Views: 1875

Re: Securing my securities -- IT best practices?

Chase for general banking Mint for financial overview. Am in midst of moving this to Personal Capital as it's read-only and takes security more seriously Various credit cards Accounts at Fidelity, Vanguard, Morgan Stanley (that last one is needed for certain transactions I process) Why do you have ...

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