Search found 79 matches

by Iridium
Wed Oct 04, 2017 1:49 am
Forum: Investing - Help with Personal Investments
Topic: Add to 529 to Keep Funding Taxable?
Replies: 38
Views: 1882

Re: Add to 529 to Keep Funding Retirement?

I know BND ER is 0.05% versus VTEB 0.09%. My main reason for going with VTEB was "tax exempt' but given these are in IRAs anyway the impact may not be high enough to justify a 0.04% ER increase. The expense ratio difference is minuscule. The problem with keeping tax exempt bonds in an IRA is that t...
by Iridium
Mon Oct 02, 2017 1:46 am
Forum: Investing - Help with Personal Investments
Topic: Newbie-Schwab Intelligent Portfolios vs Vanguard PAS
Replies: 32
Views: 2213

Re: Newbie-Schwab Intelligent Portfolios vs Vanguard PAS

Remember that any free money management service is just bait. Eventually, it will not be free and there will likely be account closing fees if you want to move your account manage it for free yourself. This does not mean you should not do it. Just don't get caught thinking that "free" does not have...
by Iridium
Sat Sep 23, 2017 12:54 am
Forum: Personal Finance (Not Investing)
Topic: No down payment for home purchase: what is worst-case scenario?
Replies: 39
Views: 2302

Re: No down payment for home purchase: what is worst-case scenario?

Doesn't PMI have to be paid for the life of the mortgage on a conventional loan if 20% isn't put down? No, why would you think that? You have to continue paying PMI on FHA loans for the life of the loan, if you didn't put down 10% (11 years if you put down 10-20%). For all of the traditional loans ...
by Iridium
Fri Sep 22, 2017 1:36 am
Forum: Investing - Help with Personal Investments
Topic: Foreign Investing in Foreign Currency
Replies: 5
Views: 393

Re: Foreign Investing in Foreign Currency

Hi All, Perhaps one of you might be able to help. I looked briefly at Bogleheads topics but haven't came across something to what I am asking. Yes, there are forums on foreign currency but more like owning foreign currency not investing in foreign currency. Basically I am trying to open up an accou...
by Iridium
Sat Sep 16, 2017 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Who has needed to use their umbrella insurance?
Replies: 129
Views: 16646

Re: Who has needed to use their umbrella insurance?

Let's say that you are single and make $100k, but don't have much in the way of assets outside of your 401k, IRA, and home equity (i.e. not much in taxable). Let's say you don't have umbrella insurance and are in an auto accident where you are at fault and the other party either dies or is permanen...
by Iridium
Sat Sep 16, 2017 2:25 am
Forum: Personal Finance (Not Investing)
Topic: Who has needed to use their umbrella insurance?
Replies: 129
Views: 16646

Re: Who has needed to use their umbrella insurance?

<snip> If we ever need to use umbrella insurance it will be one bad day, week and most likely a horrible year. I do not believe it to be be a comprehensive law suit insurance. I expect the insurance company to be adversarial and not be be out for my best interests and I probably hire my own lawyer....
by Iridium
Sat Sep 16, 2017 1:01 am
Forum: Personal Finance (Not Investing)
Topic: Consumer Finance Protection Bureau- Effectiveness?
Replies: 6
Views: 630

Re: Consumer Finance Protection Bureau- Effectiveness?

I have not used the CFPB, although they once sent me a check for about $7 thanks to some class action they settled. That being said, I just want to double-check that calling the bank didn't help. If you have had an account with them for a while without complaints, I'm actually pretty surprised that ...
by Iridium
Sat Sep 16, 2017 12:45 am
Forum: Personal Finance (Not Investing)
Topic: Equifax Credit Freeze 100% online
Replies: 35
Views: 5200

Re: Equifax Credit Freeze 100% online

Mine went through on the first try. My wife's took two tries. Is the Transunion "lock" as good as a freeze? Their website is pushing the lock option and seems to almost be trying to scare you away from the freeze. Call me cynical, but it struck me as "me thinks thou doth protest too much." I don't ...
by Iridium
Wed Aug 30, 2017 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: [How can people avoid the estate tax?]
Replies: 22
Views: 2195

Re: [How can people avoid the estate tax?]

There don't seem to be any trivial ways other than to spend down the estate to under the limit? In places like WA with the 2M limit especially. Step 1: Talk to a lawyer based in WA to ensure that you and your spouse gets WA's $2.1M exemption EACH. Step 2: Give your heirs part of their inheritance e...
by Iridium
Sat Aug 12, 2017 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: Car insurance for grandpa? liability risk or higher rate
Replies: 11
Views: 767

Re: Car insurance for grandpa? liability risk or higher rate

2) ... that your FIL would have an absolute right to drive his own car, there is absolutely nothing that you could have done (short of a criminal action such as theft) to prevent any accident that may occur. I disagree. Driving is NOT a right. It is a privilege. It can be taken away by the state or...
by Iridium
Sat Aug 12, 2017 6:18 pm
Forum: Personal Consumer Issues
Topic: Free Reading
Replies: 67
Views: 6764

Re: Free Reading

Other sources of 'free' reading material are organizations of which you are a member. Sometimes it would just mean getting an electronic copy of their magazine. Other times, it is a whole cornucopia of stuff. I am a member of a couple of professional societies, and have access to literally tens of t...
by Iridium
Sat Aug 12, 2017 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Car insurance for grandpa? liability risk or higher rate
Replies: 11
Views: 767

Re: Car insurance for grandpa? liability risk or higher rate

Questions: 1) What is the risk in option 1 and is it worth the $100/month savings? 2) Does option 2 protect us from being liable in case of an accident? 3) Do I have to consider any tax implications of selling/giving him the car and/or paying for his insurance (which would be under a separate polic...
by Iridium
Sat Aug 05, 2017 11:58 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Puts Rivals on Notice: Fee Wars Will Only Heat Up
Replies: 62
Views: 6144

Re: "Vanguard Puts Rival Firms On Notice: Fee Wars Will Only Heat Up"

When might expenses go to zero as a matter of standard practice in the industry? What will the average investor give up to get that cost? I always expect to pay for a service. If not monetary, you are paying in some other way. Exactly. Referencing other replies as well, I'm intrigued by why funds c...
by Iridium
Sun Jul 09, 2017 11:54 pm
Forum: Investing - Help with Personal Investments
Topic: Help with explanation in wiki on taxes
Replies: 29
Views: 2276

Re: Help with explanation in wiki on taxes

I was able to find the first part in the wiki: https://www.bogleheads.org/wiki/Traditional_versus_Roth and the second part: https://www.bogleheads.org/wiki/Marginal_tax_rate . To explain the first part: when people try to determine whether to go Traditional or Roth, one common misstep is to calculat...
by Iridium
Fri Jul 07, 2017 10:12 am
Forum: Investing - Help with Personal Investments
Topic: Migrating Equities from Tax Deferred to Taxable
Replies: 27
Views: 1348

Re: Migrating Equities from Tax Deferred to Taxable

I am planning to migrate as many of my equity holdings as I can from my Tax-Deferred space to the Taxable space as I prepare for retirement while still maintaining my AA and keeping a 3 year Fixe Income buffer (10 years overall) in the Taxable space. What are the potential downsides to this strateg...
by Iridium
Thu Jul 06, 2017 1:10 am
Forum: Personal Finance (Not Investing)
Topic: Married 10.98 Million Inheritance Tax Exclusion
Replies: 11
Views: 2177

Re: Married 10.98 Million Inheritance Tax Exclusion

On the estate tax return, there is an option to pass on all of the unused lifetime exemption to the spouse. It does not matter if your wife gets remarried. Think of it more like your wife 'inherits' your leftover lifetime exemption. I'm not positive, but I think if your wife was to survive two husba...
by Iridium
Tue Jul 04, 2017 2:31 pm
Forum: Personal Consumer Issues
Topic: When to leave a job?
Replies: 11
Views: 2039

Re: When to leave a job?

I wouldn't stay for the severance package. If you are getting one from a MegaCorp, it usually means that you have gotten laid off, along with several hundred other people. It is going to be a heck of a lot easier to get the job you want before you have dozens of your colleagues competing for the sam...
by Iridium
Tue Jul 04, 2017 12:52 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Ultra-Short-Term Bond Fund Admiral
Replies: 22
Views: 3632

Re: Vanguard Ultra-Short-Term Bond Fund Admiral

I own the investor version of that fund. I'm not entirely sure what causes the non-smooth dividends. However, getting out of the fund because of non-smooth dividends month-to-month would be a really strange reason to leave the fund. Dividends and capital gain distributions only matter at tax time. O...
by Iridium
Tue Jul 04, 2017 12:34 am
Forum: Personal Finance (Not Investing)
Topic: Temporary Internal Promotion - Increased Compensation?
Replies: 73
Views: 4642

Re: Temporary Internal Promotion - Increased Compensation?

On the other hand, I don't want to be taken advantage of down the line. The thinking here is this person is not willing to speak up for themselves and request a fair compensation in return for additional responsibilities, so we'll offer nothing or very little if and when a permanent position comes ...
by Iridium
Mon Jun 26, 2017 1:52 am
Forum: Personal Finance (Not Investing)
Topic: Grad Student Aid in UK/USA for non EU/USA Residents
Replies: 8
Views: 668

Re: Grad Student Aid in UK/USA for non EU/USA Residents

Your experience with Stanford is atypical (I'm not sure if it would have been more typical in its day). I believe that most/all of the top PhD programs these days will guarantee you a teaching or research assistant position from the first semester. From the university's perspective, a lot of the val...
by Iridium
Tue Jun 20, 2017 1:06 pm
Forum: Personal Consumer Issues
Topic: Alternatives to Amazon
Replies: 76
Views: 6087

Re: Alternatives to Amazon

Jeez, these are people just trying to make a buck. It's not entirely their fault customers don't like them. For example, my local mailman, Fedex and UPS drive know I have small children and never ring the doorbell because of the potential naps. The Amazon Flex people ring, bang on the storm door a ...
by Iridium
Mon Jun 19, 2017 11:57 pm
Forum: Personal Consumer Issues
Topic: Alternatives to Amazon
Replies: 76
Views: 6087

Re: Alternatives to Amazon

Recently we've noticed Amazon has started using an "uber-like" model for their deliveries with some scary looking individuals in their personal vehicles delivering packages to our front door without any identifiable markings, id's, signage, etc. This sure is alarming. I too will now be looking for ...
by Iridium
Wed Jun 14, 2017 3:04 am
Forum: Investing - Help with Personal Investments
Topic: JP Morgan Marked Linked CD
Replies: 21
Views: 1694

Re: JP Morgan Marked Linked CD

Hi all, I was looking at the The J.P. Morgan Efficiente Plus DS 5 Index Market Linked CD (EFPLUS5D). https://www.ftportfolios.com/Common/ContentFileLoader.aspx?ContentGUID=8590c523-89bb-4b29-a096-542007bf87f3 Fee is .85% a year, if index return. Minimum interest: .25% Cumulative Index Return: On ea...
by Iridium
Sat May 27, 2017 12:59 pm
Forum: Investing - Theory, News & General
Topic: Why are capital gains taxed lower than div/interest?
Replies: 20
Views: 1772

Re: Why are capital gains taxed lower than div/interest?

Money made from equity is taxed at lower rate than bonds and bank interest. Has this always been so? And, why is it so? Is there a philosophical, economic, and/or political basis? Bank and bond interest are deductible to the company, while dividends and reinvestment (one of the natural causes of ca...
by Iridium
Thu May 25, 2017 1:56 am
Forum: Investing - Theory, News & General
Topic: How dividends become irrelevant?
Replies: 146
Views: 8630

Re: How dividends become irrelevant?

Looks right to me. You could also argue that dividends are irrelevant coming at it from the other direction: When the company pays the dividend it is reducing its cash reserves. Naturally, this should decrease its valuation. Since cash is safe, liquid, fungible, and isn't a 'competitive advantage', ...
by Iridium
Thu May 25, 2017 12:24 am
Forum: Investing - Theory, News & General
Topic: Robo investing for the richer folks
Replies: 2
Views: 819

Re: Robo investing for the richer folks

stumbled across this article - Citigroup Inc. doesn’t think its richer customers will drop their high-priced money managers in favor of automated investing, but Betterment LLC is betting it can prove the big bank wrong. https://www.bloomberg.com/news/articles/2017-05-24/robo-advisers-battle-wall-st...
by Iridium
Sun May 21, 2017 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: Lump Sum - Insured Parking Spot [for money]
Replies: 10
Views: 1514

Re: Lump Sum - Insured Parking Spot

A few options (all references to interest rate are annualized): 1. Cash Management Account at Fidelity - They automatically spread your deposits among several banks. They say that they work with a minimum of 5 banks (leading to $1.25m of FDIC insurance for an individual and $2.5m of FDIC for a joint...
by Iridium
Mon Apr 24, 2017 11:48 pm
Forum: Personal Consumer Issues
Topic: Will cars be autonomous in three years?
Replies: 225
Views: 14420

Re: Will cars be autonomous in three years?

From an engineering standpoint, why the jump from every car being a beat-up Ford Fiesta to a full-blown autonomous car? This needs to be an evolution of technology with improvements made as both the technology improves and society learns to use it and embrace it. I think there are two ways to answe...
by Iridium
Sun Apr 23, 2017 2:45 am
Forum: Personal Finance (Not Investing)
Topic: Why are pensions revered, but annuities reviled?
Replies: 113
Views: 11467

Re: Why are pensions revered, but annuities reviled?

I would say that it is largely equivalent to have a SPIA vs pension. However, at the margin, pensions are a better deal than SPIAs: 1) If the expected actuarial cost is X, then the SPIA has to charge some amount over X so it can make a profit for the insurance company's owners. With the pension fund...
by Iridium
Sat Apr 15, 2017 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 141
Views: 15933

Re: Do you have an umbrella policy?

I have a million of umbrella. It cost $160/year for one residence and one car. A couple benefits of the umbrella other than the high limits: 1. I only need to worry about one (smallish) document to understand my liability coverage. Without an umbrella, I have to understand my auto policy and my cond...
by Iridium
Sat Apr 15, 2017 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Are my concerns valid about homeowners insurance?
Replies: 16
Views: 2395

Re: Are my concerns valid about homeowners insurance?

Iridium, Thanks for your feedback...I don't know if I would be able to answer all the follow-up questions you posed as I wouldn't be able to contact USAA until Monday to discuss this arrangement as well as how it may impact our own insurance policies, if it does at all.With the trust as the insured...
by Iridium
Sat Apr 15, 2017 1:15 am
Forum: Personal Finance (Not Investing)
Topic: Are my concerns valid about homeowners insurance?
Replies: 16
Views: 2395

Re: Are my concerns valid about homeowners insurance?

Hypothetically, if a neighbor got injured from a falling tree branch, a lawyer could make a plausible case that all trustees of the house ought to have been aware health of the tree, and negligently failed to trim the branch prior to it falling. Unless your wife was willing to sue her father (for ne...
by Iridium
Thu Apr 13, 2017 10:34 pm
Forum: Personal Consumer Issues
Topic: Working without an office - Strategy
Replies: 29
Views: 2162

Re: Working without an office - Strategy

The story goes like this: A few years back - Top level upper management closed some locations, consolidating everyone into one large office where there wasn't enough space. There were some groups that already had cell phones and laptops. It became a "test program" (nothing written/policy)...
by Iridium
Thu Apr 13, 2017 1:20 am
Forum: Personal Consumer Issues
Topic: Working without an office - Strategy
Replies: 29
Views: 2162

Re: Working without an office - Strategy

If upper management is even slightly competent, they will have an answer to this once they announce the plan. If they aren't, I would probably work in the cafeteria, break room, conference room or lobby, until the teeming masses occupying every seat in the building finally gives upper management a c...
by Iridium
Tue Mar 14, 2017 1:37 am
Forum: Investing - Theory, News & General
Topic: Why don't things "feel" bubbly?
Replies: 76
Views: 9726

Re: Why don't things "feel" bubbly?

One of the biggest differences in the 'feel' of this economy is that expectations are not that high. Back in the late 90s, tech seemed unstoppable. Sure, the company sells its products below cost but who needs profit? It is the new economy! Back in the mid 00s, housing's rise seemed inevitable. Can'...
by Iridium
Thu Mar 02, 2017 7:38 pm
Forum: Investing - Theory, News & General
Topic: Is This Inflation?
Replies: 4
Views: 596

Re: Is This Inflation?

Need more context. Which governor and which country?

Note that the 'core' CPI usually excludes food and energy because those commodities usually are much more volatile and skews the inflation measurement.
by Iridium
Sun Feb 05, 2017 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Employer requesting signing NDA
Replies: 21
Views: 1949

Re: Employer requesting signing NDA

You didn't state your industry. I am in the tech industry, and I would advocate giving notice on Monday. The company wants you to sign a project-specific NDA because it considers the information that you would have access to in your new project to be particularly sensitive (I hope that you have not ...
by Iridium
Sat Feb 04, 2017 1:12 am
Forum: Investing - Theory, News & General
Topic: Dividends vs rent vs loan interest
Replies: 15
Views: 1521

Re: Dividends vs rent vs loan interest

I don't think the fund generates the dividend from selling assets. Doesn't it come from the dividends paid by the constituent companies? And how is it a fake return? Getting the cash back and controlling its allocation among your investments should be preferred if it would otherwise sit in treasuri...
by Iridium
Sat Feb 04, 2017 12:54 am
Forum: Personal Finance (Not Investing)
Topic: High Car Insurance VS Umbrella Insurace
Replies: 16
Views: 2207

Re: High Car Insurance VS Umbrella Insurace

Is that true, does an umbrella cover anything that my car insurance wont cover? Yes, absolutely: Kid cracks their head on your tile floor after they slip on a spill you didn't clean up? Auto obviously has nothing to do with it. Umbrella covers it. Accidentally set fire to a hotel in France? Auto wo...
by Iridium
Mon Jan 02, 2017 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Quarterly auto loan?
Replies: 6
Views: 459

Re: Quarterly auto loan?

I know that when I worked at an auto lender, we allowed people to apply their payments toward future due dates up to 3 months in the future. However, this is not the default (default is to pay down the principle). I suppose you could mail in a check for 3 times your monthly payment with a memo of: F...
by Iridium
Sat Dec 10, 2016 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: Forever stocks (and building your own index fund)
Replies: 62
Views: 6304

Re: Forever stocks (and building your own index fund)

Wealthfront has a service called 'Direct Indexing' and many of the big brokers have 'Separately Managed Accounts' which is pretty close to your idea: rather than investing in a mutual fund, you have someone buying/selling in your account directly to follow some sort of strategy/index. The primary mo...
by Iridium
Sat Dec 10, 2016 11:25 pm
Forum: Personal Finance (Not Investing)
Topic: In a tough situation with a leased vehicle
Replies: 23
Views: 3070

Re: In a tough situation with a leased vehicle

Actually looking at it another way, even if you went 50,000 miles over the limit of the lease, with the $550/month reimbursement PLUS gas/oil changes paid by the company, you may break even anyway, plus you can just turn in the Elantra and be done with it. What's the penalty per-mile if you go over...
by Iridium
Sat Dec 10, 2016 1:29 am
Forum: Personal Finance (Not Investing)
Topic: In a tough situation with a leased vehicle
Replies: 23
Views: 3070

Re: In a tough situation with a leased vehicle

I'm not sure why the stress. It would be different if you were leasing an F350 pickup, or a Corvette, or something like that. You are driving a reasonably economical vehicle, and with as much driving as you are doing for work, you *should* have a fairly modern, reliable car. It's just a cost of doi...
by Iridium
Thu Dec 08, 2016 2:04 pm
Forum: Investing - Theory, News & General
Topic: article of interest regarding Vanguard as a monopoly
Replies: 27
Views: 3148

Re: article of interest regarding Vanguard as a monopoly

Grt2bOutdoors wrote:In actuality, Vanguard and Blackrock are agents on behalf of beneficial owners who actually own an interest in the underlying shares.


And those beneficial owners' interest is for companies to start acting anti-competitively, so how is their agent going to vote? Anti-competitively.
by Iridium
Thu Dec 08, 2016 12:05 pm
Forum: Investing - Theory, News & General
Topic: article of interest regarding Vanguard as a monopoly
Replies: 27
Views: 3148

Re: article of interest regarding Vanguard as a monopoly

How can Vanguard be a monopoly in an industry where there are more mutual funds than stocks that trade on the exchanges? There are something like 8,000 plus mutual funds for about 3,600 investable stocks. Vanguard isn't a monopoly in the mutual fund industry, but, from a certain point of view, they...
by Iridium
Thu Dec 08, 2016 2:28 am
Forum: Investing - Theory, News & General
Topic: article of interest regarding Vanguard as a monopoly
Replies: 27
Views: 3148

Re: article of interest regarding Vanguard as a monopoly

I think splitting the funds into separate companies makes the most sense along with capping the size of investment funds. As separate funds, they will theoretically make separate decisions on proxy votes. I've looked at the academic papers behind the op-ed and find the evidence convincing. I don't ...
by Iridium
Wed Dec 07, 2016 10:42 pm
Forum: Investing - Theory, News & General
Topic: Did Buffett really believe the stock market went nowhere from 1964 to 1981?
Replies: 25
Views: 3420

Re: Did Buffett really believe the stock market went nowhere from 1964 to 1981?

Did Buffett mean what he said? Did he seriously overlook dividends on the Dow? That seems impossible. But, if not, what did he mean? I do not have any special insight, but to me, Mr. Buffet's argument is not that investors did not earn a return. It is that even though the companies in the DOW were ...
by Iridium
Wed Dec 07, 2016 2:47 am
Forum: Investing - Help with Personal Investments
Topic: ETF vs. index funds
Replies: 12
Views: 1661

Re: ETF vs. index funds

Thanks everyone. I like the beer analogy. I was wondering if there was some specific advantage to ETF besides small initial investments of which I was unaware. I think that ETFs usually (maybe always) trade in whole units. So, while the initial investment might be a hair lower, you will always be l...
by Iridium
Tue Dec 06, 2016 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: UHC Health Plan Open Enrollment - Need Some Perspective
Replies: 2
Views: 323

Re: UHC Health Plan Open Enrollment - Need Some Perspective

The big question is probably the out of pocket maximum of each of these plans. I consider the deductible to be misleading when there is coinsurance. That being said, at first blush, it looks like the UHC ChoicePlus 5000 HDHP remains a fine choice for you. It is $7,446 / year cheaper than the cheaper...
by Iridium
Fri Dec 02, 2016 1:47 am
Forum: Investing - Theory, News & General
Topic: What percentage of international do you hold?
Replies: 127
Views: 8172

Re: What percentage of international do you hold?

I'm at 30% of stocks, based on a trade-off between minimum volatility and maximum return from this chart in the Wiki : https://www.bogleheads.org/w/images/1/11/US-International.png Recommendations here range from 0% from John Bogle to 51% by market cap. Here's a recent thread: Why not use Global Ma...