Search found 4470 matches

by Jack FFR1846
Fri Mar 24, 2017 2:22 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard or Fidelity IRA ?
Replies: 9
Views: 450

Re: Vanguard or Fidelity IRA ?

Either are a good choice (as are Schwab and TDAmeritrade) and there have been lots of recent threads comparing Vanguard to others. If you choose Fidelity, Schwab or TDAmeritrade, be sure to get the bonus for account opening and funding. I have all of them, so will just say that each has their good a...
by Jack FFR1846
Fri Mar 24, 2017 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Splurge Budget
Replies: 10
Views: 1107

Re: Splurge Budget

Nope If I want to buy something out of the ordinary, my wife and I talk about it and if we decide to spend the money, we spend the money. To me, having a splurge "budget" sounds like "use it or lose it" kinda money or an "allowance" where it gets really easy to spend mo...
by Jack FFR1846
Fri Mar 24, 2017 9:41 am
Forum: Personal Finance (Not Investing)
Topic: What online bank do you use?
Replies: 41
Views: 1809

Re: What online bank do you use?

How about a credit union? I use Digital Credit Union (DCU) as my main financial hub and only checking account. I have online Ally and Redneck, but not for checking. If you want to jump through minor hoops, Redneck pays 1.5% on their checking account if you make 10 debit card transactions a month. If...
by Jack FFR1846
Fri Mar 24, 2017 6:34 am
Forum: Personal Finance (Not Investing)
Topic: brother managing mother's investments?
Replies: 7
Views: 1007

Re: brother managing mother's investments?

She's 80. 100% CDs would be absolutely fine. She doesn't need anyone screwing around with her investments.
by Jack FFR1846
Thu Mar 23, 2017 5:14 pm
Forum: Investing - Help with Personal Investments
Topic: 6 years from retirement - need investment & allocation recommendations
Replies: 4
Views: 427

Re: 6 years from retirement - need investment & allocation recommendations

You *might* be fine. I added up your numbers but your current holding amounts are sort of nebulous. A 30 year safe withdrawal amount, given that you expect $60k total a year from social security is the other $60k from a $1.5MM portfolio. I think you can potentially get there but of course that mortg...
by Jack FFR1846
Thu Mar 23, 2017 3:09 pm
Forum: Investing - Help with Personal Investments
Topic: Non-traded REIT - Analyzing how horrible, and trying to get out
Replies: 13
Views: 998

Re: Non-traded REIT - Analyzing how horrible, and trying to get out

Consider contacting your state Attorney General. I know that in Mass, the AG's office loves going after these FA's so much, they've actually been showing ads on TV lately to give an example and saying that if you're in a similar situation, contact the AG's office. People tend to cooperate more when ...
by Jack FFR1846
Thu Mar 23, 2017 2:20 pm
Forum: Investing - Help with Personal Investments
Topic: Total Stock Market Admiral in both taxable and IRA?
Replies: 22
Views: 1500

Re: Total Stock Market Admiral in both taxable and IRA?

Asset Allocation is across all accounts. Holding the same fund in multiple accounts is absolutely fine. I have several accounts with the same funds. I also hold nearly identical funds in other accounts. For example, my wife and I both hold VTI at TDAmeritrade. 3 separate accounts. I hold SCHB at Sch...
by Jack FFR1846
Thu Mar 23, 2017 2:17 pm
Forum: Personal Consumer Issues
Topic: Should I sell my 2016 MDX and just lease? Minimal mileage needs
Replies: 11
Views: 1070

Re: Should I sell my 2016 MDX and just lease? Minimal mileage needs

I think some of this needs to be based on other things going on in your life. If someone has, for example $4MM saved towards retirement, I think it's pretty silly to worry about driving a run of the mill Acura somethingorother. Heck....I'd say go out and buy yourself a Maserati Ghibli. If you're in ...
by Jack FFR1846
Thu Mar 23, 2017 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: Low ER for 2040 fund
Replies: 3
Views: 219

Re: Low ER for 2040 fund

Something to keep an eagle eye on. Is there a management fee on her 401k. This CAN change at any time. I have watched my wife's Fidelity 401k from an employer she left in 2000. Early this year, all of a sudden, a 0.5% management fee showed up. We had kept it because it had a Vanguard bond fund at th...
by Jack FFR1846
Thu Mar 23, 2017 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Stay & remodel vs. Move - North Dallas
Replies: 25
Views: 872

Re: Stay & remodel vs. Move - North Dallas

I certainly like the "no HOA" choice and would probably be sold on that alone. Bigger schools do not equate to better. Kids can get lost (not literally as in needing a GPS) in big schools and administration and support staff doesn't know when a kid is in a death spiral until it's too late....
by Jack FFR1846
Thu Mar 23, 2017 11:37 am
Forum: Investing - Help with Personal Investments
Topic: Thinking about adding a 5% position to commodities
Replies: 20
Views: 1142

Re: Thinking about adding a 5% position to commodities

$1600 in Gold 5 years ago would bring you $1200 if you sold today. Stuffing cash into your mattress was a better investment.
by Jack FFR1846
Thu Mar 23, 2017 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Pretirement
Replies: 18
Views: 1911

Re: Pretirement

I think you may be talking about simply becoming financially independent. When the Mr Money Mustache people of the world talk about FIRE, what they typically mean is that for example, the husband leaves his 6 figure job and goes to work as a carpenter building houses while the wife continues working...
by Jack FFR1846
Thu Mar 23, 2017 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Recommended emergency fund for middle class households: $13,800
Replies: 64
Views: 6358

Re: Recommended emergency fund for middle class households: $13,800

I am always confused by the people that have a year or more in emergency funds. Like, if you take home 80k a year, having multiple years in cash seems like you are extremely wealthy or very close to retirement. I always viewed my highly liquid taxable investments as my emergency fund. Having a sepa...
by Jack FFR1846
Thu Mar 23, 2017 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage APR 4.96% - too high?
Replies: 58
Views: 2879

Re: Mortgage APR 4.96% - too high?

Consider an already built home. Maybe something 5 years old or older. We went looking for new construction in our town some years ago. Even with starting prices of $900k, there were a few "minor" things that were NOT included. Any landscaping was extra Finishing a lawn was extra Gutters we...
by Jack FFR1846
Wed Mar 22, 2017 7:41 pm
Forum: Investing - Help with Personal Investments
Topic: Transfer From American Funds
Replies: 3
Views: 181

Re: Transfer From American Funds

401k, 403b go into a traditional IRA.
by Jack FFR1846
Wed Mar 22, 2017 7:58 am
Forum: Personal Finance (Not Investing)
Topic: How did graduating out of daycare impact your finances?
Replies: 65
Views: 4877

Re: How did graduating out of daycare impact your finances?

I'm paying for one in college now. Looking back at daycare, I laugh and say "chump change".
by Jack FFR1846
Wed Mar 22, 2017 6:27 am
Forum: Personal Consumer Issues
Topic: Purchasing a 2017 Hyundai Sonata Sport 2.0T
Replies: 16
Views: 1146

Re: Purchasing a 2017 Hyundai Sonata Sport 2.0T

You ask about an extended warranty. Doesn't Hyundai give you a 100k mile one right off the bat? I learned something on a Subaru page, of all places when considering an aftermarket warranty. The top 10 warranty companies ten years ago are all out of business today. So if you do buy anything aftermark...
by Jack FFR1846
Tue Mar 21, 2017 7:41 pm
Forum: Investing - Help with Personal Investments
Topic: What safe investment vehicle has the highest yield right now?
Replies: 14
Views: 1654

Re: What safe investment vehicle has the highest yield right now?

You could move $35k to Redneck Bank to get 1.25%. Not a lot more, but more.
by Jack FFR1846
Tue Mar 21, 2017 4:52 pm
Forum: Personal Consumer Issues
Topic: Do I need new tires?
Replies: 25
Views: 1015

Re: Do I need new tires?

anoop wrote:Definitely get new tires. At 2/32 your stopping distances are probably 1.5x to 2x what they would be with good tires.


In the rain, sure. In the dry, no.

Brand new DOT roadrace tires have 4/32" while street tires, typically 8/32".

For street tires, it's time to replace them.
by Jack FFR1846
Tue Mar 21, 2017 1:33 pm
Forum: Investing - Theory, News & General
Topic: Schwab vs Vanguard vs Fidelity - ER fees
Replies: 18
Views: 1416

Re: Schwab vs Vanguard vs Fidelity - ER fees

There have been news stories about the broker price wars. Fidelity started it and Schwab is hitting hard where it has an advantage. I've seen 2 of their strategies. This ad (the op's link) is saying that to get the ER that they offer in a MF with just $3k, you'd have to invest $5MM elsewhere. In a r...
by Jack FFR1846
Tue Mar 21, 2017 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Recommended emergency fund for middle class households: $13,800
Replies: 64
Views: 6358

Re: Recommended emergency fund for middle class households: $13,800

For those of you with multiple years of emergency funds, are you anywhere near or in retirement? 2 to 3 years away. The big e fund was somewhat of a complete accident of first being totally averse to investment beyond a 401k (bought iBonds with extra money) and then the bonuses I could earn some ye...
by Jack FFR1846
Tue Mar 21, 2017 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Salary / employment verification
Replies: 25
Views: 1845

Re: Salary / employment verification

print out a pay stub. give it to them.

If you are completely unwilling to do that, move on to the next place to rent who won't ask this question. It's likely a check box that a clerical worker has to be able to check off. No pay stub, no check box, no rental for you.
by Jack FFR1846
Tue Mar 21, 2017 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Retirement vs Down Payment
Replies: 32
Views: 2400

Re: Retirement vs Down Payment

A $500k house now is going to be an $800k house in 8 years in a town like Andover, for example. Or $400K, there is now way to know and as many people found out the hard way housing prices don't always go up. He/she must be a realtor! No, I'm an engineer who supports customers at their sites. A LOT ...
by Jack FFR1846
Tue Mar 21, 2017 10:23 am
Forum: Investing - Help with Personal Investments
Topic: AA - Whatcha think - and how do I get there from here?
Replies: 8
Views: 350

Re: AA - Whatcha think - and how do I get there from here?

I would agree with bloom2708. I always come back to the Bogle quote, why search for the needle in the haystack when you can buy the entire haystack. What are REITs? They're stock. Equity. US Equity. Likely included in the S&P 500 and surely included in Total Stock. Buying REITs specifically is s...
by Jack FFR1846
Tue Mar 21, 2017 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Inlaw Suddenly Wants Financial Security in 60's..
Replies: 27
Views: 4030

Re: Inlaw Suddenly Wants Financial Security in 60's..

"up to 9%" means that it would never be more than 9%. -20% fits this. I can say "up to a million percent" and it means the same thing.

Some people need "a guy", even when that guy steals their money.
by Jack FFR1846
Tue Mar 21, 2017 6:33 am
Forum: Personal Finance (Not Investing)
Topic: Using 25-30 year old EE bonds to fund 529
Replies: 12
Views: 992

Re: Using 25-30 year old EE bonds to fund 529

The bonds have to have been purchased after 1989 to qualify for federal tax exemption when used for educational purposes, so the 1986 ones won't qualify.
by Jack FFR1846
Mon Mar 20, 2017 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Recommended emergency fund for middle class households: $13,800
Replies: 64
Views: 6358

Re: Recommended emergency fund for middle class households: $13,800

7 years worth of expenses sitting in iBonds.

And some cash.
by Jack FFR1846
Mon Mar 20, 2017 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from Vanguard to Fidelity (probably)
Replies: 51
Views: 4428

Re: Moving from Vanguard to Fidelity (probably)

You can move everything (if you want) without waiting for some phone meeting with a Fidelity person. First, go to the bonus page (look on Doctor of Credit or just google fidelity bonus). Click on the open account from the bonus page. Then go through the process. You'll have a form with 2 signature p...
by Jack FFR1846
Mon Mar 20, 2017 5:42 pm
Forum: Investing - Help with Personal Investments
Topic: What Fidelity funds do you use in your 3 fund portfolio?
Replies: 11
Views: 1069

Re: What Fidelity funds do you use in your 3 fund portfolio?

I would put everything into FSTVX Total Stock Market Premium Class.

When your total portfolio reaches $100k, expand to bond and international.
by Jack FFR1846
Mon Mar 20, 2017 3:23 pm
Forum: Investing - Help with Personal Investments
Topic: S&P 500 long-term investment: Mutual Fund vs. ETF?
Replies: 23
Views: 830

Re: S&P 500 long-term investment: Mutual Fund vs. ETF?

I don't know that it's worth all of this analysis. I own all of what you're talking about, more or less and just consider it all as Total US Stock. For me, it includes: these 3 follow nearly exactly VTI (Vanguard total US Stock ETF at TDAmeritrade) SCHB (US Broad market ETF at Schwab) FSTVX (Total U...
by Jack FFR1846
Mon Mar 20, 2017 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Smart Will (or how to avoid a legal morass)
Replies: 21
Views: 1347

Re: Smart Will (or how to avoid a legal morass)

All good tips! From all of the stories I've heard (some from my friends who have gone through it), don't leave a house or property to more than one person. If that's unavoidable, specify that the house or property must be sold upon your death. It's easy to split up money. Harder to split a house wit...
by Jack FFR1846
Mon Mar 20, 2017 9:24 am
Forum: Personal Consumer Issues
Topic: A SUV for towing a Travel Trailer
Replies: 63
Views: 3226

Re: A SUV for towing a Travel Trailer

One could argue only vehicles with full frames are TRULY designed for towing IMHO..................... Are you saying that some vehicles come with no frame? Yes Explorer, Grand Cherokee and most SUVs are now unibody. Wheelbase is very important with a tow vwhicle and the longer, the moe stable it w...
by Jack FFR1846
Mon Mar 20, 2017 6:40 am
Forum: Investing - Help with Personal Investments
Topic: New Boglehead, Kids's College, & Emergency Fund Transfer
Replies: 25
Views: 1058

Re: New Boglehead, Kids's College, & Emergency Fund Transfer

As FAFSA calculations presently are today, you could qualify for aid for your kids for college. I'd focus on putting all money into Roth or other retirement accounts and as college approaches, take out a HELOC and pay as much as possible towards the mortgage. I'd also move that money market account ...
by Jack FFR1846
Sun Mar 19, 2017 8:07 pm
Forum: Personal Consumer Issues
Topic: Rechargeable AA & AAA Batteries:NiMH or Li-Ion?
Replies: 25
Views: 1177

Re: Rechargeable AA & AAA Batteries:NiMH or Li-Ion?

You'll find NiMH and NiCad in rechargable AA and AAA. Both are around 1.5V. Li-Ion is more than double that per cell.
by Jack FFR1846
Sun Mar 19, 2017 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Career Dilemma - Seeking Input
Replies: 7
Views: 956

Re: Career Dilemma - Seeking Input

I have moved positions a few times for lower stress or better perceived work satisfaction at a reduction of pay. In all of these cases, looking at the position, it appeared to be far better than where I was. Every move, in retrospect was a bad one. If I had to do any of them again, I'd have held out...
by Jack FFR1846
Sun Mar 19, 2017 10:32 am
Forum: Investing - Help with Personal Investments
Topic: Expense Ratio question
Replies: 13
Views: 732

Re: Expense Ratio question

Do you win the hockey game by chasing where the puck was 5 minutes ago?
by Jack FFR1846
Sun Mar 19, 2017 9:57 am
Forum: Personal Consumer Issues
Topic: What is ideal master bedroom size?
Replies: 30
Views: 2225

Re: What is ideal master bedroom size?

There's no ideal. Ours is about 15x25 with a jet tub room off it that's 12x12, closets sort of in between with on bath on one side next to the jet tub room (with a door in between) and another that's a small 8x10. But out house is extremely strange and the master was a result of an addition to get r...
by Jack FFR1846
Sat Mar 18, 2017 4:12 pm
Forum: Personal Consumer Issues
Topic: Looking for a snazzy car
Replies: 79
Views: 4097

Re: Looking for a snazzy car

Miata's are great but stereotypically are chick cars and old man cars. My 60 year old father loves his. :wink: But more Miatas are used as weekend roadrace and autocross cars than any other. I'm in a timetrial club that started life as Corvettes Of Massachusetts (now COM Sports Car Club). We've kid...
by Jack FFR1846
Sat Mar 18, 2017 2:51 pm
Forum: Personal Consumer Issues
Topic: "Allowance" for new car
Replies: 22
Views: 918

Re: "Allowance" for new car

The more expensive the car, the more the "allowance". Here's $10k off. http://www.myhappyhyundai.com/new/Genesis/2017-Genesis-G90-For+sale+to+Chicago+Downers+Grove+Countryside+and+Oak+Lawn+Guests-bfad33fe0a0e0adf3843aba0b92ecbec.htm Alright....I looked at my local dealer and they break it ...
by Jack FFR1846
Sat Mar 18, 2017 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: ESPP Strategy & Advice
Replies: 9
Views: 579

Re: ESPP Strategy & Advice

Well, the flaw in your plan is this: What if the stock drops to the point that it's below your "buy" price for shares you're holding? I have a similar plan to yours and contribute 10% (the max they allow) and in advance check the "sell all shares at vestment" box. I am guaranteed...
by Jack FFR1846
Sat Mar 18, 2017 8:39 am
Forum: Investing - Help with Personal Investments
Topic: Advice on bulk investment in S&P 500 for retirement savings growth?
Replies: 13
Views: 819

Re: Advice on bulk investment in S&P 500 for retirement savings growth?

If you decide to wait for the market to drop a bit below where it is.....and you wait....and wait....and finally realize that the Dow is at 24,000 and you missed the boat....... If you're going to invest the money, invest the money. Time in the market (even when invested at a high) beats timing the ...
by Jack FFR1846
Sat Mar 18, 2017 6:43 am
Forum: Personal Finance (Not Investing)
Topic: Citi card Nightmare
Replies: 68
Views: 6867

Re: Citi card Nightmare

I personally would make a telephone payment for the entire balance plus $100. I'd want the balance to absolutely, positively be zero while it was being worked on by Citi. I'll note that I've got a doublecash card and have never had an issue. Sorry to hear you have to go through this. I had an issue ...
by Jack FFR1846
Sat Mar 18, 2017 6:36 am
Forum: Investing - Theory, News & General
Topic: Brokerage house bonuses and hidden bonuses
Replies: 2
Views: 416

Brokerage house bonuses and hidden bonuses

I had decided that I would open a TDAmeritrade account when I acquired the $25k needed to collect a $100 bonus. Well, that happened and I immediately bought VTI. The bonus showed up immediately (no wait at all) and the funds were available to trade before they even cleared from input from my credit ...
by Jack FFR1846
Sat Mar 18, 2017 6:30 am
Forum: Personal Consumer Issues
Topic: Looking for a snazzy car
Replies: 79
Views: 4097

Re: Looking for a snazzy car

Let's not inflate his budget too much. He said similar budget to a new Civic, which to me is well under $24k. Stretch that to $30k and I'd suggest a Lotus Elise and end all discussions about "fun" as there is nothing that comes close without double the budget for an Alfa 4C.
by Jack FFR1846
Fri Mar 17, 2017 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Citi card Nightmare
Replies: 68
Views: 6867

Re: Citi card Nightmare

I'm a big safety net guy. If this were me, I'd stop using the double cash and go to my fidelity 2% card. I'd stay with it until they mess something up. If you don't have the fidelity card, apply and pick up the bonus. Use another card until then.
by Jack FFR1846
Fri Mar 17, 2017 5:38 pm
Forum: Personal Consumer Issues
Topic: Looking for a snazzy car
Replies: 79
Views: 4097

Re: Looking for a snazzy car

VW GTi. Yes, the reliability is lower than Honda but the car is far more fun to drive. I'm looking for our next compact manual car and my list includes the GTi, Focus ST, Honda CR-Z or a used 07 to 11 Civic Si. The difference between these and a normal Focus, Subaru Impreza, regular Civic is "f...
by Jack FFR1846
Fri Mar 17, 2017 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: PTO issue with Wife's work
Replies: 14
Views: 1986

Re: PTO issue with Wife's work

What I would do is go into the PTO request system and put in for a request for every PTO hour that is available and take it all in a row. Spend this time interviewing and find a job that doesn't have clowns in charge.
by Jack FFR1846
Fri Mar 17, 2017 2:14 pm
Forum: Investing - Theory, News & General
Topic: Help with rebuttal to a Facebook post
Replies: 36
Views: 3798

Re: Help with rebuttal to a Facebook post

I thought Edward Jones booted American Funds once the Fiduciary rule was announced. It's pretty well known that American Funds gives Edward Jones huge kickbacks.
by Jack FFR1846
Fri Mar 17, 2017 12:06 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Plan: Do it myself or use Advisor?
Replies: 41
Views: 2965

Re: Retirement Plan: Do it myself or use Advisor?

Worst case scenario: You pull money from non-optimum places to fund retirement, make the wrong choice on annuities and long term care. Would you think that these choices would cost you $50k a year? Because at a $5MM portfolio, a 1% AUM would cost you that much a year. Sitting down with a fiduciary f...
by Jack FFR1846
Fri Mar 17, 2017 10:17 am
Forum: Investing - Help with Personal Investments
Topic: Is buying I-Bonds in Kids' name for College a good idea?
Replies: 5
Views: 343

Re: Is buying I-Bonds in Kids' name for College a good idea?

With no chance for aid, no. Note that your and your wife's bonds, if cashed during a college year and your income isn't too high to disqualify you interest is federal tax free. Interest is always state tax free. Because of the age 24 requirement, your kids' bonds would not be federal tax free but if...

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