Search found 272 matches

by KlingKlang
Thu Mar 30, 2017 1:24 pm
Forum: Personal Consumer Issues
Topic: Is the secret to getting wealthy...
Replies: 44
Views: 2336

Re: Is the secret to getting wealthy...

The only millionaire authors that I have ever spent time talking to are in the Science Fiction field, but in general I don't think that you can become wealthy writing a single first book because the publisher will keep the rights and profits from that. Once you write a runaway bestseller you can pul...
by KlingKlang
Thu Mar 30, 2017 1:04 pm
Forum: Investing - Theory, News & General
Topic: What was your costliest investment mistake?
Replies: 160
Views: 21621

Re: What was your costliest investment mistake?

Cashed out of Vanguard Short Term Investment-Grade Bond Fund in October 2008. I held on to all of my stock and longer term bond funds (actually added to them), but this fund was supposed to be 'almost as safe as a money market' (not). I lost about $6200 and the fund recovered rapidly in 2009.
by KlingKlang
Tue Mar 28, 2017 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Daugther's Credit Card Windfall
Replies: 39
Views: 3547

Re: Daugther's Credit Card Windfall

The bank credited her checking account correctly, but Discover debited her account for $5,2xx.xx ($5,000.00 surplus). I'm confused. Don't you mean the bank debited her checking account for $2xx.xx and Discover credited her credit card account for $5,2xx.xx? In double entry accounting a credit decre...
by KlingKlang
Tue Mar 28, 2017 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Daugther's Credit Card Windfall
Replies: 39
Views: 3547

Daugther's Credit Card Windfall

Daughter came to me in a panic today. She made on online payment of $2xx.xx from her bank checking account to her Discover Card (the only credit card that she has) in mid-March. This was the full balance on the card. The bank credited her checking account correctly, but Discover debited her account ...
by KlingKlang
Mon Mar 27, 2017 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Massive Student Loan Debt - Girlfriend
Replies: 86
Views: 6234

Re: Massive Student Loan Debt - Girlfriend

If the PSLF program were to fail, it seems paying back the debt would be insurmountable on her income alone, presumably leaving me to absorb the payments. This is probably late, but one thing that has been bothering me about your initial post is why you feel $175K of debt is insurmountable for some...
by KlingKlang
Mon Mar 27, 2017 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: Weathering sell-off days like today
Replies: 107
Views: 5953

Re: Weathering sell-off days like today

Bourbon, aspirin, and antacids are useful.
by KlingKlang
Mon Mar 27, 2017 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Massive Student Loan Debt - Girlfriend
Replies: 86
Views: 6234

Re: Massive Student Loan Debt - Girlfriend

If the PSLF program were to fail, it seems paying back the debt would be insurmountable on her income alone, presumably leaving me to absorb the payments. This is probably late, but one thing that has been bothering me about your initial post is why you feel $175K of debt is insurmountable for some...
by KlingKlang
Sun Mar 26, 2017 7:26 pm
Forum: Personal Consumer Issues
Topic: Our technology is old...advice on upgrading...
Replies: 53
Views: 3138

Re: Our technology is old...advice on upgrading...

If anyone wants to send me their 'old' technology feel free as its almost certainly newer than what I'm using: 22 year old Toshiba 36" CRT TV; 19 year old Sony CD/cassette/radio; 18 year old LG flip phone. I am typing this on my 5 year old Dell XPS running Win 7.
by KlingKlang
Sun Mar 26, 2017 7:06 pm
Forum: Investing - Help with Personal Investments
Topic: Confused about Vanguard Prime Money Market Fund
Replies: 6
Views: 607

Re: Confused about Vanguard Prime Money Market Fund

The Vanguard Prime Money Market Fund (VMMXX) says Vanguard Prime Money Market Fund seeks to provide current income and preserve shareholders’ principal investment by maintaining a share price of $1. As such it is considered one of the most conservative investment options offered by Vanguard. Althou...
by KlingKlang
Thu Mar 23, 2017 9:02 am
Forum: Personal Consumer Issues
Topic: Kitchen island
Replies: 43
Views: 2121

Re: Kitchen island

The island is interfering with the "work triangle", the distance between the stove, sink, and refrigerator. You need to detour to get from the fridge to stove! Our kitchen has the refrigerator and pantry on one side with the sink and stove on the other. We use the island as a food staging...
by KlingKlang
Wed Mar 22, 2017 7:22 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for new situation
Replies: 9
Views: 743

Re: Advice for new situation

Last January you said: A brief financial history of me: I'm 37, married, 3 kids. Wife stays home for another 3 years til my youngest goes to school. I'm a registered nurse. Started investing in 2008. I feel like I'm doing pretty well for what I have to work with. I defer 17% of my salary to my 403(b...
by KlingKlang
Wed Mar 22, 2017 10:26 am
Forum: Personal Consumer Issues
Topic: Car Vandalism During Cross-Country Drive
Replies: 41
Views: 3285

Re: Car Vandalism During Cross-Country Drive

Lock the doors and hope for the best. Can't lose items come in the room with you. It's debatable whether more valuables are stolen from hotel rooms by the staff or from vehicles in the parking lot. If you have two persons on the trip leave one in the room to watch your stuff while the other goes ou...
by KlingKlang
Mon Mar 20, 2017 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Unauthorized account bank security information
Replies: 3
Views: 376

Unauthorized account bank security information

Apparently my 89 year old mother decided to go to a bank that her friend works at and open up a couple of CDs with my daughter and myself as co-owners, without bothering to inform us of course. Now both of us are getting calls from the bank saying that they need our drivers' license information for ...
by KlingKlang
Mon Mar 20, 2017 1:39 pm
Forum: Investing - Theory, News & General
Topic: PurePoint 1.25% online savings $10K min
Replies: 47
Views: 5750

Re: PurePoint 1.25% online savings $10K min

A question for those with experience with switching online savings/MM accounts: I have two online accounts, CapitalOne360 and Treasury Direct, that do not mail me 1099-INT statements but instead email me a notification to login and download the information. If you close an account mid-year, how diff...
by KlingKlang
Thu Mar 16, 2017 8:56 am
Forum: Investing - Help with Personal Investments
Topic: How should I handle this? [Where to invest]
Replies: 8
Views: 878

Re: How should I handle this?

Do you have an emergency fund sufficient to handle the new baby/income reduction situation? Are your IRAs traditional or Roth? My personal opinion is that the optimal savings plan is one third tIRA+401(k), one third Roth IRA, and one third after tax accounts, but the majority on this board will sugg...
by KlingKlang
Thu Mar 16, 2017 8:36 am
Forum: Investing - Help with Personal Investments
Topic: 1st Request; Post-Retirement Plan Critique
Replies: 25
Views: 1921

Re: 1st Request; Post-Requirement Plan Critique

In general your investments look fine.

One question - you are going to be depending on your pension for a substantial portion of your retirement income. Is there a survivor benefit for your wife or does it all go away if you die?
by KlingKlang
Sun Mar 12, 2017 2:08 pm
Forum: Personal Consumer Issues
Topic: gratuitous homeownership items
Replies: 218
Views: 16813

Re: gratuitous homeownership items

Half finished our basement and put in a 750 gallon hot tub, haven't used it in 15 years. I guess that it could be used as an emergency water supply. Also had to rip up parts of the finished basement walls and ceilings for plumbing and electrical repairs. Couldn't add A/V and computer cables where I ...
by KlingKlang
Sat Mar 11, 2017 10:24 pm
Forum: Personal Consumer Issues
Topic: What to do about a bad neighbor in same unit -- both renters of same landlord.
Replies: 43
Views: 4763

Re: What to do about a bad neighbor in same unit -- both renters of same landlord.

I am sorry to hear about your situation. You are sharing both a house and a garage with an uncooperative stranger. My first concern would be the safety of my family and the security of my property. Is the house arranged so that each of you have separate, lockable entrances? I hope that she doesn't h...
by KlingKlang
Sat Mar 11, 2017 10:21 am
Forum: Investing - Theory, News & General
Topic: Anyone sorry they used bonds when starting out
Replies: 94
Views: 6700

Re: Anyone sorry they used bonds when starting out

No. My IRA was initially in FDIC Insured Certificates of Deposit at my local bank. A friend of mine went into the brokerage business and bought my first individual stock. Even then, I purchased three zero coupon treasuries and a five year certificate of deposit. I was more conservative at age 29 th...
by KlingKlang
Sat Mar 11, 2017 10:06 am
Forum: Investing - Help with Personal Investments
Topic: Money, Children, Trusts, Oh My! - Parenting Tips Requested
Replies: 16
Views: 1851

Re: Money, Children, Trusts, Oh My! - Parenting Tips Requested

solar99999 wrote:I don't want the funds in my name in case I get sued for something stupid like not shoveling snow quick enough before someone falls in front of my house.


A minor quibble, but don't use a hammer when you need a screwdriver. Liability protection is best addressed through umbrella insurance.
by KlingKlang
Fri Mar 10, 2017 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Worth Raising Car Insurance Deductible?
Replies: 26
Views: 1553

Re: Worth Raising Car Insurance Deductible?

Sounds perfectly reasonable to me. Let's face it, if you were in an accident where the damage could be repaired for only a few hundred dollars you probably wouldn't even report it to the insurance company. We have had $1000 deductibles in place for decades. Our current quandary is whether to drop co...
by KlingKlang
Mon Mar 06, 2017 10:04 am
Forum: Personal Finance (Not Investing)
Topic: How much do you spend on food in a year?
Replies: 155
Views: 6950

Re: How much do you spend on food in a year?

Family of three adults. 2016: $4340 groceries, $1655 dining out.
by KlingKlang
Mon Mar 06, 2017 9:22 am
Forum: Investing - Help with Personal Investments
Topic: Wellesley vs ALLY savings acct: from TAX perspective . . .
Replies: 19
Views: 2236

Re: Wellesley vs ALLY savings acct: from TAX perspective . . .

I can see how the managed combo fund could avoid short term capital gains, but how could they ever avoid long term capital gains while maintaining the proper percentage of stocks vs. bonds? Just curious. As I understand it the funds take advantage of the fact that they have hundreds of individual s...
by KlingKlang
Sun Mar 05, 2017 9:09 pm
Forum: Investing - Help with Personal Investments
Topic: Wellesley vs ALLY savings acct: from TAX perspective . . .
Replies: 19
Views: 2236

Re: Wellesley vs ALLY savings acct: from TAX perspective . . .

@KlingKlang since I'll be attempting to implement a complex Paul Merriman allocation, one more fund to balance isn't a big deal. In a taxable account, is there any difference between me buying a stock fund and a bond fund and selling stocks to rebalance, vs: buying one of these balance funds which ...
by KlingKlang
Sun Mar 05, 2017 2:45 pm
Forum: Investing - Help with Personal Investments
Topic: Wellesley vs ALLY savings acct: from TAX perspective . . .
Replies: 19
Views: 2236

Re: Wellesley vs ALLY savings acct: from TAX perspective . . .

I love the name: "tax manged balanced" - it sounds like what I want ! That's a little scary because that's exactly what my father said when I told him about this fund when it came out. :shock: There was no way that he was going to invest in anything with 'stock' in its name. It's been a g...
by KlingKlang
Sun Mar 05, 2017 9:41 am
Forum: Investing - Help with Personal Investments
Topic: Wellesley vs ALLY savings acct: from TAX perspective . . .
Replies: 19
Views: 2236

Re: Wellesley vs ALLY savings acct: from TAX perspective . . .

There's a saying: Don't let the tax tail wag the investment dog. If adding Wellesley to your taxable investments gives you the exact asset allocation that you desire then that's what you should do. Other alternatives to consider are I-Bonds for tax deferral, the Tax Managed Balanced fund, and tax-ex...
by KlingKlang
Mon Feb 27, 2017 5:35 pm
Forum: Personal Consumer Issues
Topic: New car or hand down used car to college student?
Replies: 19
Views: 1278

Re: New car or hand down used car to college student?

We were in almost the identical situation with my daughter - commuted to a local college that we drove her to/let her borrow my car; needed transportation for an internship position between junior and senior years. She said that she was fine using my car (2004 Chevy Malibu) and that I should get a n...
by KlingKlang
Mon Feb 27, 2017 5:07 pm
Forum: Investing - Help with Personal Investments
Topic: A little guidance needed to get started
Replies: 8
Views: 710

Re: A little guidance needed to get started

So if I put the money I have in my IRAS into a Target Retirement Fund will I be able to take that money out and re-allocate it to other funds that I may want to try once I get better educated.? Technically you don't want to take money out of an IRA since that will probably trigger a taxable event. ...
by KlingKlang
Sun Feb 26, 2017 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: A little guidance needed to get started
Replies: 8
Views: 710

Re: A little guidance needed to get started

Welcome to the forum! It looks like you are stuck with me for the second response. With being a one paycheck household be sure that you have at least six months expenses in emergency funds and an appropriate level of term life insurance. I would start with Target date funds (2060?) for both of your ...
by KlingKlang
Fri Feb 24, 2017 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Total Bond Fund?
Replies: 9
Views: 680

Re: Is this a good time to buy more Total Bond Fund?

livesoft wrote:I sold some Total US Bond today, so that's my answer. I hope it tanks, so that I can buy it back at a lower price.


I bought some Total US Bond yesterday because that is my rebalancing day of the month and my bond allocation is below the 30% called for in my asset allocation plan.
by KlingKlang
Tue Feb 21, 2017 4:27 pm
Forum: Personal Consumer Issues
Topic: Disney Cruise instead of Disney World?
Replies: 45
Views: 4122

Re: Disney Cruise instead of Disney World?

There's no chance we'd pull our son out of school for a vacation. Thank you. I can't believe that there are people that attach so little importance to their childrens' education that they would even consider this. We took our daughter to Disney World when she was five and then had to take her back ...
by KlingKlang
Tue Feb 21, 2017 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: What are the big things to get right?
Replies: 90
Views: 11165

Re: What are the big things to get right?

1. Marry someone who thinks about money in a way similar to yourself. 2. Make all major financial decisions together. 3. Save and spend money together. When chemistry and love enter the picture, and you're young, do you really think a person is going to make a decision based on determining whether ...
by KlingKlang
Tue Feb 21, 2017 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: When do you need an annuity?.
Replies: 25
Views: 2438

Re: When do you need an annuity?.

One other question though...masteraleph you said, "I-bonds could be better in a high inflation environment, but give the fact that the fixed rates on them have been below .70% since May 1 2009, below 1% since May 1 2008, and below 2% since Nov 1 2002, you run into the problem that your princip...
by KlingKlang
Tue Feb 21, 2017 1:20 pm
Forum: Personal Consumer Issues
Topic: Do you replace your electrical switches/outlets or use an electrician?
Replies: 93
Views: 5578

Re: Do you replace your electrical switches/outlets or use an electrician?

I'm an engineer so I always did electrical work myself, but 25 years as a diabetic has decreased both my eyesight and finger sensitivity to the point that it has become problematic. Our house has a GFCI outlet in the circuit breaker box that covers about half of the outlets in the house, I screwed u...
by KlingKlang
Mon Feb 20, 2017 2:25 pm
Forum: Investing - Help with Personal Investments
Topic: When do you need an annuity?.
Replies: 25
Views: 2438

Re: When do you need an annuity?.

One other question though...masteraleph you said, "I-bonds could be better in a high inflation environment, but give the fact that the fixed rates on them have been below .70% since May 1 2009, below 1% since May 1 2008, and below 2% since Nov 1 2002, you run into the problem that your princip...
by KlingKlang
Fri Feb 17, 2017 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Service problems in the news
Replies: 24
Views: 3210

Re: Vanguard Service problems in the news

I had exactly the same situation as Mr. Salmans in the article with wanting to transfer funds from my daughter's UTMA account to her Roth IRA once she turned 18. I was a lowly Select investor back then but the representative understood exactly what I wanted, started the process, and then had me call...
by KlingKlang
Tue Feb 14, 2017 11:36 am
Forum: Investing - Help with Personal Investments
Topic: What to do with daughter's $100
Replies: 73
Views: 4262

Re: What to do with daughter's $100

But I'm not okay that she is not going out into the world and exploring, dating, etc.. or making something of herself.. I often ask her (when she is tired and frustrated with work) if she plans to retire there. That seems to get her going. The problem is that if she never saves anything she will ne...
by KlingKlang
Mon Feb 13, 2017 12:17 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with daughter's $100
Replies: 73
Views: 4262

Re: What to do with daughter's $100

Hi marcyg321, I just wanted to comment that you did not specifically ask how to get your daughter to move out, only on how to get her to start saving. While the consensus in modern America is that anyone living with their parent(s) after the age of 30 is an example of 'Failure to launch', other cult...
by KlingKlang
Sat Feb 11, 2017 9:20 am
Forum: Investing - Theory, News & General
Topic: 'Won the game', but what factors could potentially derail it?
Replies: 57
Views: 4517

Re: 'Won the game', but what factors could potentially derail it?

livesoft wrote:Divorce, theft, confiscation by government, lack of casulty insurance


Add major health problems, long-term care for self, children, or parents, lack of liability insurance.
by KlingKlang
Thu Feb 09, 2017 7:20 pm
Forum: Local Chapters and Bogleheads Community
Topic: Your USER NAME...what does it mean?
Replies: 290
Views: 13328

Re: Your USER NAME...what does it mean?

Third grade nickname making fun of my actual last name. Also the sound that machinery makes when it is not working correctly.
by KlingKlang
Tue Feb 07, 2017 12:50 pm
Forum: Personal Consumer Issues
Topic: College kids driving cars (to live off campus)
Replies: 44
Views: 2799

Re: College kids driving cars (to live off campus)

For a blast from the past, (re)watch Animal House (1978) to see what can happen to the only guy (Flounder) in a frat with an on-campus car.

ROAD TRIP!
by KlingKlang
Tue Feb 07, 2017 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: Start Roth IRA w/ 5 years until retirement?
Replies: 6
Views: 558

Re: Start Roth IRA w/ 5 years until retirement?

Just wanted to add that you have until April 15, 2017 to make a contribution for 2016, so if you want you can squeeze in six years of contributions instead of just five. You are not limited to your initial choice of VBMFX in your Roth IRA, you can add different funds or exchange between funds inside...
by KlingKlang
Mon Feb 06, 2017 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Two Years to Retirement – Please review and comment
Replies: 53
Views: 6828

Re: Two Years to Retirement – Please review and comment

I would urge you to double check your Social Security benefit calculation. You state that you are a "low income" couple and your wife's benefit of $8000/year at FRA would seem to confirm this, yet your plans for "$49,000 (my benefit + spousal benefit) at age 68" are at the level...
by KlingKlang
Mon Feb 06, 2017 8:08 pm
Forum: Personal Consumer Issues
Topic: Disney Cruise instead of Disney World?
Replies: 45
Views: 4122

Re: Disney Cruise instead of Disney World?

"Do you happen to have a source on the legality of removing your child from school to take a vacation? I can't find one anywhere." While I do not necessarily agree with them in NY state where we are these are found under the NY state Educational requirements as well as under the NY child ...
by KlingKlang
Mon Feb 06, 2017 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Keep a Local Bank?
Replies: 76
Views: 4723

Re: Keep a Local Bank?

Some people are comfortable using an ATM. Personally I'm not. For that reason alone I want to be able to walk into a branch and deposit/withdraw money. Plus, even if I was interested in using an ATM, from my understanding the withdrawal limits are relatively low. Maybe that has changed over the yea...
by KlingKlang
Mon Feb 06, 2017 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Two Years to Retirement – Please review and comment
Replies: 53
Views: 6828

Re: Two Years to Retirement – Please review and comment

I would urge you to double check your Social Security benefit calculation. You state that you are a "low income" couple and your wife's benefit of $8000/year at FRA would seem to confirm this, yet your plans for "$49,000 (my benefit + spousal benefit) at age 68" are at the level ...
by KlingKlang
Mon Feb 06, 2017 10:02 am
Forum: Personal Consumer Issues
Topic: Disney Cruise instead of Disney World?
Replies: 45
Views: 4122

Re: Disney Cruise instead of Disney World?

There's no chance we'd pull our son out of school for a vacation. Thank you. I can't believe that there are people that attach so little importance to their childrens' education that they would even consider this. We took our daughter to Disney World when she was five and then had to take her back ...
by KlingKlang
Sun Feb 05, 2017 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Keep a Local Bank?
Replies: 76
Views: 4723

Re: Keep a Local Bank?

My wife won't go within 10 feet of a computer, a smartphone, or an ATM, so in case I drop dead (more and more likely) I can't see any alternative to a local B&M bank. Luckily we have about eight of them in easy walking distance. Plus they still redeem US Savings Bonds.
by KlingKlang
Sat Feb 04, 2017 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Seeking comfortable car seat
Replies: 19
Views: 1179

Re: Seeking comfortable car seat

It's not as classy as buying a luxury car with super seats, but I've been using a car seat cushion for years with good results. https://www.walmart.com/ip/Car-Seat-Back-Support-Cushion/35004870 Note: This is not exactly the same model that I use, but I am ashamed to post a picture of the car seat cu...
by KlingKlang
Mon Jan 30, 2017 9:22 am
Forum: Investing - Help with Personal Investments
Topic: Please Help with 25 Year Old Daughter-In-Law.
Replies: 36
Views: 5753

Re: Please Help with 25 Year Old Daughter-In-Law.

Has your DIL given any indication whether she intends to divorce your son or remain married to him? In this situation I would be very concerned that any funds donated to your DIL and grandchildren would end up in your son's pocket as soon as he is out of prison. 529 accounts allow you to control mon...

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