Search found 431 matches

by Meaty
Mon Aug 29, 2016 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with my underwater house, sink or swim?
Replies: 25
Views: 2846

Re: What to do with my underwater house, sink or swim?

Before anyone lamb bastes me on my decision I have to say my wife and I were very uneducated first time buyers back in 2004, so here goes. 2004 we bought a house no money down, 270k 30 year mortgage 6.3% interest only first 15 years. Now owned by Ocwen after GMAC went belly up. House price dropped ...
by Meaty
Sun Aug 28, 2016 7:06 am
Forum: Investing - Theory, News & General
Topic: Retirees Saying No To The Market
Replies: 57
Views: 6661

Re: Retirees Saying No To The Market

Do you know retirees who absolutely refuse to invest in the market? I was wondering how well they are doing financially and what are they doing to get by. Thanks. My grand parents threw everything into CDs a few years ago. Their basic living expenses are more than covered by their pensions and SS s...
by Meaty
Mon Aug 22, 2016 5:53 am
Forum: Investing - Theory, News & General
Topic: This is why a 100% stock allocation is a bad idea
Replies: 68
Views: 8292

Re: This is why a 100% stock allocation is a bad idea

As one astute observer commented earlier this week, the amount of investors asking why a 100% stock allocation isn't a good idea increases dramatically during extended bull markets. Bogleheads are quick to respond with all sorts of excellent academic and numbers-based answers, but perhaps it would ...
by Meaty
Sun Aug 21, 2016 2:56 pm
Forum: Investing - Theory, News & General
Topic: This is why a 100% stock allocation is a bad idea
Replies: 68
Views: 8292

Re: This is why a 100% stock allocation is a bad idea

As one astute observer commented earlier this week, the amount of investors asking why a 100% stock allocation isn't a good idea increases dramatically during extended bull markets. Bogleheads are quick to respond with all sorts of excellent academic and numbers-based answers, but perhaps it would ...
by Meaty
Sat Aug 20, 2016 10:32 am
Forum: Investing - Help with Personal Investments
Topic: Am I devastatingly far behind on retirement savings and how can I catch up?!
Replies: 40
Views: 6138

Re: Am I devastatingly far behind on retirement savings and how can I catch up?!

Pay off credit card. Pay cash from now on, Distinguish what you really need and "want",when it comes to spending money. Develop a budget Stick to it . Spend less than you make EVERY month, SAVE,,,,,for without savings , You can't invest in the Total Stock Market. All of the above requires...
by Meaty
Fri Aug 12, 2016 12:09 pm
Forum: Personal Consumer Issues
Topic: How much vacation time do you get at work?
Replies: 151
Views: 8720

Re: How much vacation time do you get at work?

23 days per year. 4 years with company
by Meaty
Wed Aug 10, 2016 9:13 am
Forum: Investing - Theory, News & General
Topic: Bogle & Buffett on International Investing
Replies: 102
Views: 8499

Re: Bogle & Buffett on International Investing

I don't (and won't) invest directly in international stocks and not because of Warren B or Jack B. I don't trust foreign companies accounting and financials. Nothing is perfect, but I trust our accounting/regulatory overseers more than the overseas ones. Anyway, if you invest in IBM, Microsoft, App...
by Meaty
Tue Aug 09, 2016 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Move for better schools and commute?
Replies: 17
Views: 1143

Re: Move for better schools and commute?

I would definitely move. I'm not seeing a downside from what you posted
by Meaty
Sat Aug 06, 2016 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Which Debt to Pay Off First?
Replies: 19
Views: 1213

Re: Which Debt to Pay Off First?

If pay off loan 2 for $10k instead of $40. That said, assuming the debt is with a financial institution be sure you are aware of the credit reporting and 1099c/taxable liability associated with the transaction and are willing to take that hit
by Meaty
Mon Aug 01, 2016 6:50 pm
Forum: Investing - Help with Personal Investments
Topic: 401k fee question
Replies: 9
Views: 605

Re: 401k fee question

I'm currently mimicking the TSM I'm my 401k by allocating 70% of equities to s&p 500 index fund, 20% to a mid cap index fund, and 10% to a Russell small cap index fund. The fee for the s&p is .01% (lucky I know) and .05% for mid and small cap Just a note, I don't think 70% S&P, 20% mid ...
by Meaty
Mon Aug 01, 2016 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: 401k fee question
Replies: 9
Views: 605

Re: 401k fee question

Thanks to all who responded! It's true the dollar amount difference is negligible and max diversification will likely yield greater benefits
by Meaty
Mon Aug 01, 2016 10:56 am
Forum: Investing - Help with Personal Investments
Topic: 401k fee question
Replies: 9
Views: 605

401k fee question

I'm currently mimicking the TSM I'm my 401k by allocating 70% of equities to s&p 500 index fund, 20% to a mid cap index fund, and 10% to a Russell small cap index fund. The fee for the s&p is .01% (lucky I know) and .05% for mid and small cap My question is, is it worth 5 times more expense ...
by Meaty
Mon Jun 27, 2016 5:25 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA for a child
Replies: 15
Views: 1383

Re: Roth IRA for a child

I have convinced my 12 year old son who is working for our family business this summer to invest the majority of his earnings in a Roth IRA. He won't have a lot of money starting out so it limits him on fund choices. Would the target retirement 2060 (VTTSX)be a good choice for him? It has a $1000 m...
by Meaty
Sat Jun 25, 2016 8:23 am
Forum: Personal Consumer Issues
Topic: Cross country move. Buy car and drive or ship things and fly?
Replies: 26
Views: 1676

Re: Cross country move. Buy car and drive or ship things and fly?

jjface wrote:You could rent a car. Car rental places let you pick up in one location and drop off in another.


+1
by Meaty
Sun May 22, 2016 9:10 am
Forum: Personal Consumer Issues
Topic: Local TV channels - via streaming?
Replies: 29
Views: 1917

Re: Local TV channels - via streaming?

Digital antenna or on the roku there are several free local news channels (nbc/abc, etc)
by Meaty
Sun May 15, 2016 8:28 am
Forum: Investing - Help with Personal Investments
Topic: Are there other ways to increase returns?
Replies: 2
Views: 596

Re: Are there other ways to increase returns?

There are many things you can TRY to increase your return, however, ALL will increase your risk. Id advocate you focus on the longer term (rather than yoy return) and save as much as you can
by Meaty
Fri May 13, 2016 7:28 am
Forum: Personal Consumer Issues
Topic: Lawncare - Chigger control
Replies: 9
Views: 934

Re: Lawncare - Chigger control

livesoft wrote:Triazicide from Spectracide in the ready-to-spray plastic bottle. About $8. Kills most insects. Doesn't smell.


+1. I've used this with great success on chiggers
by Meaty
Wed May 11, 2016 5:58 pm
Forum: Personal Consumer Issues
Topic: Seeking employment from home?
Replies: 4
Views: 1364

Re: Seeking employment from home?

Does anybody have any suggestions on how one could find a job which is primarily done from the home? I am an accountant by training (CPA) but am open to other type of work. Operational risk consultant. It can be a bit boring, but usually can be done from home. There are also many company's hiring p...
by Meaty
Tue May 10, 2016 7:07 pm
Forum: Investing - Help with Personal Investments
Topic: How often to rebalance?
Replies: 39
Views: 3740

Re: How often to rebalance?

What is a standard rebalance band, like 5%? Yes, maybe. This is explained in quite some detail in the wiki link I previously gave which has more links to more detail. Thanks, livesoft. Yes I saw the bands listed there. It seemed to me like 5 - 10% is typical. Is that generally what other people use...
by Meaty
Fri May 06, 2016 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Loan - Different Use of Finds from Approval Conditions
Replies: 5
Views: 489

Re: Personal Loan - Different Use of Finds from Approval Conditions

It would technically be application fraud if you knowingly falsified the reason you need the funds. Your situation is a bit more grey, and they very likely won't ask for receipts, but since you now know the stated reason for the loan has changed you should notify the lender. If they jack up the rate...
by Meaty
Mon May 02, 2016 7:32 pm
Forum: Personal Consumer Issues
Topic: Just called Directv and saved $600 for one year
Replies: 46
Views: 5021

Re: Just called Directv and saved $600 for one year

Congrats! I would never pay over 10 dollars a month for tv though, personally. I recently dropped directtv in favor of roku. Best decision I've made relating to TV. I was paying $110/month. I now pay $10 with no reduction in what I want to watch Can you dvr shows, or watch them a couple of months l...
by Meaty
Mon May 02, 2016 7:30 pm
Forum: Personal Consumer Issues
Topic: Just called Directv and saved $600 for one year
Replies: 46
Views: 5021

Re: Just called Directv and saved $600 for one year

Congrats! I would never pay over 10 dollars a month for tv though, personally. I recently dropped directtv in favor of roku. Best decision I've made relating to TV. I was paying $110/month. I now pay $10 with no reduction in what I want to watch What are you paying for your internet access? My cabl...
by Meaty
Mon May 02, 2016 6:01 pm
Forum: Personal Consumer Issues
Topic: Just called Directv and saved $600 for one year
Replies: 46
Views: 5021

Re: Just called Directv and saved $600 for one year

reriodan wrote:Congrats! I would never pay over 10 dollars a month for tv though, personally.


I recently dropped directtv in favor of roku. Best decision I've made relating to TV. I was paying $110/month. I now pay $10 with no reduction in what I want to watch
by Meaty
Sat Apr 30, 2016 9:06 am
Forum: Personal Consumer Issues
Topic: So, are Bogleheads Bourbon or Scotch drinkers?
Replies: 115
Views: 7852

Re: So, are Bogleheads Bourbon or Scotch drinkers?

Neither. Whiskey all the way
by Meaty
Tue Apr 26, 2016 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Have any of you overextended on housing? What were your experiences?
Replies: 42
Views: 4147

Re: Have any of you overextended on housing? What were your experiences?

I'm looking for a house right now, but I'm finding myself subjectively drawn to push for a nicer home out of my comfortable price range. One of my motivations is that I find my savings ever competing with the rising cost of housing. I live in the DC metro area. Mathematically, it seems like one sho...
by Meaty
Mon Apr 25, 2016 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: late 30s, what career or new degree
Replies: 24
Views: 3424

Re: late 30s, what career or new degree

... I've come to realize sales/business is not what I want to do. I can do it, but I don't have any passion for it. I want to start again and do something I can enjoy for the rest of my life.... Great if you can do this without disadvantaging your family. But with a family including two small kids ...
by Meaty
Fri Apr 22, 2016 4:12 pm
Forum: Personal Consumer Issues
Topic: Any stay at home parents regret the decision?
Replies: 100
Views: 11170

Re: Any stay at home parents regret the decision?

After the conference call I was just on, being a stay at home parent sounds pretty good. Of course I still need money.....
by Meaty
Thu Apr 21, 2016 8:24 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking about decreasing work hours...
Replies: 7
Views: 1153

Re: Thinking about decreasing work hours...

Here's my situation: Relatively high earning professional whose job is very stressful and requires a lot of hours. 40 years old. Married. Wife is a teacher. Debt free. 1.5 million in retirement savings. My "number" is 4 million. I have the opportunity to job share with someone and essenti...
by Meaty
Wed Apr 20, 2016 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Cannot Pay Huge Tax Burden
Replies: 107
Views: 9957

Re: Cannot Pay Huge Tax Burden

If you owe 200K, you don't have a problem. The bank has a problem. Student loan debts are typically nondischargeable - so they do have a problem I understand. But if the borrower can't pay, it's the bank's problem. Also, I am sure there is a way to work this system. For example, http://blog.readyfo...
by Meaty
Wed Apr 20, 2016 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Cannot Pay Huge Tax Burden
Replies: 107
Views: 9957

Re: Cannot Pay Huge Tax Burden

My wife was in a similar situation as the OP's SO, but graduated with about 1/2 of the debt. She paid it off in five years, by sacrificing and living in a reasonable COL area. In our area (media family income of $65K/year), a first year associate at a small law firm or governmental position would e...
by Meaty
Wed Apr 20, 2016 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Cannot Pay Huge Tax Burden
Replies: 107
Views: 9957

Re: Cannot Pay Huge Tax Burden

If you owe 200K, you don't have a problem. The bank has a problem. Student loan debts are typically nondischargeable - so they do have a problem I understand. But if the borrower can't pay, it's the bank's problem. Also, I am sure there is a way to work this system. For example, http://blog.readyfo...
by Meaty
Wed Apr 20, 2016 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Cannot Pay Huge Tax Burden
Replies: 107
Views: 9957

Re: Cannot Pay Huge Tax Burden

expat wrote:If you owe 200K, you don't have a problem. The bank has a problem.


Student loan debts are typically nondischargeable - so they do have a problem
by Meaty
Wed Apr 20, 2016 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Cannot Pay Huge Tax Burden
Replies: 107
Views: 9957

Re: Cannot Pay Huge Tax Burden

Hello! So here's a quandary that I don't know how to solve. My significant other took out about 200k in loans to go to law school. We're not going to discuss whether this was smart, what my SO could have done differently, etc. The fact is that the 200k exists. (He did all this before I even met him...
by Meaty
Tue Apr 19, 2016 5:52 am
Forum: Personal Consumer Issues
Topic: How To Stay Motivated in Employment When You Might Have Enough?
Replies: 71
Views: 9179

Re: How To Stay Motivated in Employment When You Might Have Enough?

It is a simple question really: If you have---or you think that you have---enough (whatever that amount may be), how do you stay motivated to keep working? Or should you even keep working? Perhaps it would be better for society if the person who has "enough" walks away from their job, the...
by Meaty
Mon Apr 18, 2016 6:35 am
Forum: Investing - Theory, News & General
Topic: What are Pros and Cons to the "Four Hour Workweek?"
Replies: 99
Views: 12065

Re: What are Pros and Cons to the "Four Hour Workweek?"

My father was a CPA with his own practice in as small town so I knew many businessmen growing up. Some made a great deal of money and some barely survived. Between my father's business and the Army Reserve, he came home to eat and sleep. His successful clients were working more than 60 hours a week...
by Meaty
Mon Apr 18, 2016 5:44 am
Forum: Investing - Theory, News & General
Topic: What are Pros and Cons to the "Four Hour Workweek?"
Replies: 99
Views: 12065

Re: What are Pros and Cons to the "Four Hour Workweek?"

My father was a CPA with his own practice in as small town so I knew many businessmen growing up. Some made a great deal of money and some barely survived. Between my father's business and the Army Reserve, he came home to eat and sleep. His successful clients were working more than 60 hours a week...
by Meaty
Sat Apr 16, 2016 6:23 pm
Forum: Investing - Help with Personal Investments
Topic: Magic Number? How much to save for retirement
Replies: 45
Views: 7140

Re: Magic Number? How much to save for retirement

How do you determine how much money will be needed for a retirement that is 20 years away? I'm talking ballpark figure. When I do detailed scenario planning, the number is anywhere between $1.0 and $7.75 million depending on my assumptions. This large range is not very helpful for planning purposes...
by Meaty
Sat Apr 16, 2016 9:41 am
Forum: Investing - Theory, News & General
Topic: If wall street is rigged and corrupt , why invest in it?
Replies: 64
Views: 5489

Re: If wall street is rigged and corrupt , why invest in it?

I researched the crash of 2008, and more about wall street and corruption. It appears that the crash in 2008 was all caused by corruption and dishonest large banks like Goldman Sachs and Citibank as well as the deceitful lenders Countrywide and First Century. If deceit and corruption caused the cra...
by Meaty
Sat Apr 16, 2016 8:26 am
Forum: Investing - Theory, News & General
Topic: If wall street is rigged and corrupt , why invest in it?
Replies: 64
Views: 5489

Re: If wall street is rigged and corrupt , why invest in it?

It could all be solved/prevented by simply not allowing the sale/securitization of loans. If a bank has to keep the loans on its own books and reap the profit or loss of it, this whole problem will disappear This is a great idea. I don't care how much risk the banks take on for their own accounts. ...
by Meaty
Fri Apr 15, 2016 8:16 pm
Forum: Investing - Theory, News & General
Topic: If wall street is rigged and corrupt , why invest in it?
Replies: 64
Views: 5489

Re: If wall street is rigged and corrupt , why invest in it?

I researched the crash of 2008, and more about wall street and corruption. It appears that the crash in 2008 was all caused by corruption and dishonest large banks like Goldman Sachs and Citibank as well as the deceitful lenders Countrywide and First Century. If deceit and corruption caused the cra...
by Meaty
Wed Apr 13, 2016 5:37 am
Forum: Investing - Help with Personal Investments
Topic: 28 year old, saving too much for retirement?
Replies: 19
Views: 3938

Re: 28 year old, saving too much for retirement?

Age: 28 Income: $200k base salary, variable bonus ($250k target all-in cash compensation) State: NY Tax bracket: 33% federal, 6.85% state, 3.65% NYC (in the AMT for 2015 and expect to be in 2016 and beyond) Filing status: Single Debt: none Emergency fund: 12 months, not included in below Desired AA...
by Meaty
Tue Apr 12, 2016 6:59 pm
Forum: Personal Consumer Issues
Topic: The Lawn vs. The Homeowner (guess who's winning)
Replies: 59
Views: 6037

Re: The Lawn vs. The Homeowner (guess who's winning)

Ha, I have bamboo, running bamboo. About a 1/4 acre of it. Planting running bamboo is like getting into a ground war in south east Asia. Every spring I get out a chainsaw and begin the assault. The fight is constant and the enemy never sleeps. Through the summer I battle on taring through clump aft...
by Meaty
Sat Apr 09, 2016 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Job Offer in Hand, Delaying Notice
Replies: 42
Views: 3981

Re: Job Offer in Hand, Delaying Notice

By all means, wait until after you close. In addition, wait until two weeks prior to your start date, since that's customary at your current position. You must be young, my friend, and not gone through any cut-throat merger/acquisition/RIFs (Reduction in Force = layoffs) in your career. Going throu...
by Meaty
Sat Apr 09, 2016 6:57 am
Forum: Personal Consumer Issues
Topic: Buy a house with previously repaired foundation issues?
Replies: 22
Views: 1865

Re: Buy a house with previously repaired foundation issues?

bonfire wrote:In North Texas, there are two kinds of houses. Those that have had foundation trouble and those that will. Get an engineers report, should be all you need to set your mind at ease


+1. In this area the soil creates a problem with all - literally all - foundations. It depends where you're buying
by Meaty
Wed Apr 06, 2016 6:40 am
Forum: Investing - Help with Personal Investments
Topic: How to invest HSA with Wells Fargo?
Replies: 8
Views: 910

Re: How to invest HSA with Wells Fargo?

I have an HSA account with Wells Fargo and the account has more than $2000 now, so I am thinking about investing the money. Here are the available Wells Fargo funds https://www.wellsfargo.com/investing/hsa/funds-options/ I am wondering if anybody has any experience in investing HAS with Wells Fargo...
by Meaty
Fri Apr 01, 2016 11:09 am
Forum: Personal Consumer Issues
Topic: Medical billing
Replies: 13
Views: 1014

Re: Medical billing

I'm struggling to understand medical billing. My wife had a procedure. The doctors office correctly determined we have a deductible and required us to pay for the procedure in full up front. I've now received an EOB outlining many thousands more was remitted as a claim; all of which apparently won'...
by Meaty
Fri Apr 01, 2016 5:45 am
Forum: Personal Consumer Issues
Topic: Medical billing
Replies: 13
Views: 1014

Re: Medical billing

If I had to guess as an MD: You had a procedure and paid the deductible and the amount you were liable for x procedure. If the EOB has only x procedure CPT code then you already paid for it all and ignore the bill. If you are being charged y and z on your EOB then you have NOT paid for it and are l...
by Meaty
Thu Mar 31, 2016 9:17 pm
Forum: Personal Consumer Issues
Topic: Medical billing
Replies: 13
Views: 1014

Re: Medical billing

It depends on what you signed. If there was only something stating that the total cost would be X (given some situation Y with no complications, and that's what happened), I don't think (I could be wrong about this) they could legally collect on their bill if you challenged it in court. We were nev...
by Meaty
Thu Mar 31, 2016 8:57 pm
Forum: Personal Consumer Issues
Topic: Medical billing
Replies: 13
Views: 1014

Re: Medical billing

It depends on the specifics, and it''s been a while since I've researched this, but I believe that some states don't allow balance billing (Require the patient to pay w/e the insurance co doesn't cover) by providers. On the flip side, if your state does allow it, and you signed some document statin...
by Meaty
Thu Mar 31, 2016 8:29 pm
Forum: Personal Consumer Issues
Topic: Medical billing
Replies: 13
Views: 1014

Medical billing

I'm struggling to understand medical billing. My wife had a procedure. The doctors office correctly determined we have a deductible and required us to pay for the procedure in full up front. I've now received an EOB outlining many thousands more was remitted as a claim; all of which apparently won't...

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