Search found 2720 matches

by MnD
Thu Aug 18, 2016 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Self-made Millionaires: how did hitting 7 figures change you?
Replies: 258
Views: 27540

Re: Self-made Millionaires: how did hitting 7 figures change you?

Nothing much...... You have asset worth, net worth, investment net worth, retirement account net worth and more importantly, your very specific number where you feel you have achieved financial independence. Hitting various milestones are fun and sure beats the alternative, but not some big life dea...
by MnD
Mon Aug 15, 2016 7:23 am
Forum: Investing - Theory, News & General
Topic: How much international stock? A suggestion.
Replies: 84
Views: 7286

Re: How much international stock? A suggestion.

The idea that one should emulate a world fund?...phooey! For US investors, international markets certainly carry added risks and costs--any argument there? Whole countries and currencies are still at risk of total destruction today. Added costs and risks are not a meaningful argument against holdin...
by MnD
Sun Aug 14, 2016 8:55 am
Forum: Investing - Theory, News & General
Topic: How much international stock? A suggestion.
Replies: 84
Views: 7286

Re: How much international stock? A suggestion.

Bogle's a patriot. Invest in America. If that's wrong, he doesn't want to be right =) The Boglehead philosophy is to index the markets as broadly as possible, versus following appeal to authority, appeal to patriotism or other common logical fallacies. The progression of equity diversification over...
by MnD
Tue Aug 09, 2016 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Will banks let you pay only the interest part of your mortgage?
Replies: 17
Views: 2048

Re: Will banks let you pay only the interest part of your mortgage?

Negotiating a period of interest only (6-12 months) used to be an commonly allowed practice among lenders when people hit a tough financial spot. It was definitely something you had to ask for and be approved for on a loan-by-loan basis. I suppose with all the rules now and the fact few banks hold t...
by MnD
Sun Aug 07, 2016 2:45 pm
Forum: Investing - Theory, News & General
Topic: Avoid International?
Replies: 99
Views: 7818

Re: Avoid International?

The heck with these inferior international companies in far-away lands making who knows what...... I'm going to sit here with my Motorola Moto X cell phone, my Bud Light, watch something on Fox News, run over to my Frigidaire and make a Smithfield ham sandwich with plenty of Hellman's mayo and Frenc...
by MnD
Sun Aug 07, 2016 9:23 am
Forum: Investing - Theory, News & General
Topic: How much international stock? A suggestion.
Replies: 84
Views: 7286

Re: How much international stock? A suggestion.

I just look up whatever Vanguard World has for international with no rebalancing and new money goes in at around whatever the current global cap split is. This eliminates a lot of rebalancing transactions and hand-wringing over knowing the "right" US/-ex-US allocation. Likewise for the sub...
by MnD
Sat Jul 23, 2016 7:59 am
Forum: Investing - Theory, News & General
Topic: Reliving the Nightmare of the Crisis
Replies: 119
Views: 8700

Re: Reliving the Nightmare of the Crisis

I like re-reading my 2008/09 posts! One of my favorite responses to a post titled "Disbelief, yearning, anger, depression and acceptances......" https://www.bogleheads.org/forum/viewtopic.php?f=10&t=30756&p=373026#p373026 Postby MnD » Sat Jan 10, 2009 11:14 pm Oh please..... I'd fe...
by MnD
Sun Jul 03, 2016 12:05 pm
Forum: Investing - Theory, News & General
Topic: EM vs DM in International
Replies: 18
Views: 2225

Re: EM vs DM in International

According to Personal Capital my international stock allocation is 80.4% developed and 19.6% emerging.
Vanguard Total International ETF indicates 17.7% in EM, so close enough.
by MnD
Sun Jul 03, 2016 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Handling "drive-by" doctoring bills following surgery?
Replies: 61
Views: 5818

Re: Handling "drive-by" doctoring bills following surgery?

Thank you so much - this sounds like a good plan. Yes they have been paid 65% of allowable charges (would have 85% if in-network). I also plan to contact my state insurance office regarding the specifics of a Colorado state law to hold patients harmless from balance billing when an in-network primar...
by MnD
Sun Jul 03, 2016 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Handling "drive-by" doctoring bills following surgery?
Replies: 61
Views: 5818

Re: Handling "drive-by" doctoring bills following surgery?

Intens wrote:And I would be curious why they are out of network for "everyone"? Just these two physicicans? How are they able to create this money-making setup for themselves?


That was the main message from the primary surgeon's office. These two individuals participate with no insurance networks.
by MnD
Sun Jul 03, 2016 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Handling "drive-by" doctoring bills following surgery?
Replies: 61
Views: 5818

Re: Handling "drive-by" doctoring bills following surgery?

Do we even know how long these 2 doctors worked for? How long was the surgery? 1 hour surgery plus some prep. Wheeled in to OR at 6pm (surgeon was running very late) and I was being driven home by 9:30pm. Non-emergency laminectomy and decompression due to disk herniation at L4/5. No hardware, no fu...
by MnD
Sat Jul 02, 2016 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Handling "drive-by" doctoring bills following surgery?
Replies: 61
Views: 5818

Re: Handling "drive-by" doctoring bills following surgery?

Heard back from the surgeons office. I guess next I'll see what amount they actually bill me for and then take it up with the mystery duo and my insurer. Both persons were involved in monitoring nerve function while in surgery. They're out of network for everyone's insurance so they work out a plan ...
by MnD
Fri Jul 01, 2016 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Handling "drive-by" doctoring bills following surgery?
Replies: 61
Views: 5818

Re: Handling "drive-by" doctoring bills following surgery?

My suggestion would be to contact your surgeon to verify whether or not these individuals were involved with your treatment. If not, you should notify your insurance co. I started here - secure message to primary surgeon's office. I'm going to do everything via email or secure message - no phone ca...
by MnD
Fri Jul 01, 2016 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Handling "drive-by" doctoring bills following surgery?
Replies: 61
Views: 5818

Re: Handling "drive-by" doctoring bills following surgery?

As you probably know you're a victim of "balance billing." Some states impose restrictions on this practice. Here's a ConsumersUnion's guide on this, particularly as it addresses state laws (page 6) http://consumersunion.org/wp-content/uploads/2015/11/SurprisebillsAdvocatesGuide.pdf Good ...
by MnD
Thu Jun 30, 2016 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Handling "drive-by" doctoring bills following surgery?
Replies: 61
Views: 5818

Handling "drive-by" doctoring bills following surgery?

(Not seeking medical advice but rather consumer/insurance billing advice) I had outpatient back surgery in December to decompress root nerves at L4-L5 from a herniated disk. I thought I was a smart consumer about it. I ensured my orthopedic surgeon, his PA that functioned as the assistant surgeon, t...
by MnD
Fri Jun 24, 2016 10:38 am
Forum: Investing - Theory, News & General
Topic: International stocks in free fall
Replies: 118
Views: 10605

Re: International stocks in free fall

June 2016 is my 30th year anniversary of buying stocks and bonds each and every month and/or every two weeks. I guess I'll be buying a few more shares of both US and international equity per the set dollar purchase if this little decline persists. :happy I'll check rebalancing bands as always, but d...
by MnD
Sat Jun 18, 2016 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Costco - Executive vs. Gold Membership
Replies: 17
Views: 2097

Re: Costco - Executive vs. Gold Membership

We average $1500 a month spend at Costco so it's a no-brainer.
Many Costco services have additional executive member benefits and discounts beyond the 2%.
by MnD
Sat Jun 18, 2016 8:40 am
Forum: Personal Finance (Not Investing)
Topic: FERS best day to retire usually 12/31 advice
Replies: 8
Views: 1777

Re: FERS best day to retire usually 12/31 advice

Thanks - all good information I was aware of but it doesn't hurt to review. At age 56 in later 2018 I'll have 36 years of federal service and 40 years with SS earnings so I should do pretty well with the formula. I'm struck by how many of my coworkers don't even know the supplement exists, let alone...
by MnD
Sat Jun 11, 2016 10:20 am
Forum: Investing - Theory, News & General
Topic: What is your overall portfolio weighted expense ratio
Replies: 118
Views: 6605

Re: What is your overall portfolio weighted expense ratio

.11%.
If I didn't have 4 Dodge and Cox funds it would be a lot lower.
by MnD
Sat May 21, 2016 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: DODIX [Dodge & Cox Income]
Replies: 53
Views: 2443

Re: DODIX

To those who mentioned it, OK, BBB is technically not a junk bond, but it's the lowest rating of investment grade. DODIX does contain 37% BBB corporate bonds and is not a good choice for the OP, at least not at this time. There is no "technically or non-technically" modifier in investment...
by MnD
Sat May 21, 2016 10:50 am
Forum: Investing - Help with Personal Investments
Topic: DODIX [Dodge & Cox Income]
Replies: 53
Views: 2443

Re: DODIX

What would you think if everyone was saying oh why did you sell this. It is such a great performer. It does better than Vanguard. Big mistake..... DODIX has done slightly better than Vanguard Total Bond Market fund over the past 10 years with somewhat more risk. No-one knows how it will compare in ...
by MnD
Sat May 21, 2016 10:17 am
Forum: Investing - Help with Personal Investments
Topic: DODIX [Dodge & Cox Income]
Replies: 53
Views: 2443

Re: DODIX

pkcrafter wrote:shakenbake, I'm going to agree with you, DODIX is not an appropriate bond fund for you. It contains about 45% high quality bonds and also contains about 40% junk bonds, and the overall rating is BBB.


According to Morningstar 10.4% of DODIX bonds are below investment grade (5.9% BB, 4.5% B).
by MnD
Sat May 21, 2016 8:45 am
Forum: Investing - Theory, News & General
Topic: Is there a such thing as a blue collar Boglehead?
Replies: 206
Views: 20064

Re: Is there a such thing as a blue collar Boglehead?

My neighborhood is full of blue-collar decent income types (plumbers, electricians, firefighters, power plant maintenance, railroad, electric utility....). As a class they are good at managing debt, spending, LBYM, savings, but really struggle with investing. Many of them lack confidence and feel th...
by MnD
Thu May 19, 2016 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Pride in no inheritance to kids?
Replies: 233
Views: 1817

Re: Pride in no inheritance to kids?

Unless you annuitize _everything_ including home equity it's rather difficult for a Boglehead type to not leave a significant inheritance. I don't have leaving an inheritance as a primary or even a significant financial goal, but each kid getting a big chunk of change when we have both checked out i...
by MnD
Wed May 18, 2016 9:00 am
Forum: Investing - Theory, News & General
Topic: What % do you have in alternatives? REITs, commodities, etc.)
Replies: 67
Views: 4124

Re: What % do you have in alternatives? REITs, commodities, etc.)

3% according to Personal Capital.
I consider my home an an asset and an alternative one at that (despite dire Boglehead warnings that I am supposed to pretend it doesn't exist) so 29% including personal residence.
by MnD
Sun May 15, 2016 6:54 pm
Forum: Investing - Theory, News & General
Topic: Roth 401(k) in a 28% bracket thoughts
Replies: 14
Views: 1942

Re: Roth 401(k) in a 28% bracket thoughts

I've never understood these threads. Virtually all of our 401-K contributions were made to reduce income taxes being paid at the 28% federal bracket rate (and some pre-2002 at the old 31%-35% brackets). Our retirement savings are now roughly 80% 401-K and tIra, 10% inherited tIra and 10% taxable. In...
by MnD
Sat May 14, 2016 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: 25x income needs or 25x residual living expenses?
Replies: 24
Views: 3708

Re: 25x income needs or 25x residual living expenses?

All income sources will leave a shortfall of $18,000(our residual living expense ~1.5% WR) which we will withdraw from our portfolio. This will continue until I take SS at either 66(2027) or 70(2030). At either 67 or 70 we will have more than enough to cover our expenses and hopefully portfolio wit...
by MnD
Tue May 10, 2016 10:52 pm
Forum: Investing - Theory, News & General
Topic: Another Bernstein Gem-Don't be Greedy
Replies: 42
Views: 7766

Re: Another Bernstein Gem-Don't be Greedy

The article setup - 5% SWR with locked in inflation increases and retiring on a near-worst day in 100 years provides much of the drama in this story. 4 to 5 % of portfolio balance withdrawals takes away a lot of the excitement, even with a relatively high equity allocation. If equity returns are jus...
by MnD
Sat May 07, 2016 4:38 pm
Forum: Investing - Theory, News & General
Topic: Does T.R. Price add value for its investors
Replies: 43
Views: 5470

Re: Does T.R. Price add value for its investors

No Dodge and Cox comparison?
With only 3 distinct funds with any longevity - Stock, Int. Stock and Income (Global stock and Balanced Fund being effectively blends) that one would seem to be easy. And no slouch when it comes to AUM.
by MnD
Fri May 06, 2016 7:02 pm
Forum: Investing - Theory, News & General
Topic: How many funds in your portfolio?
Replies: 99
Views: 7227

Re: How many funds in your portfolio?

We have 18 positions across 7 accounts.
16 funds, one stock by choice and one privately held ESOP shares we can't sell yet.
by MnD
Mon May 02, 2016 11:33 am
Forum: Personal Finance (Not Investing)
Topic: FERS best day to retire usually 12/31 advice
Replies: 8
Views: 1777

Re: FERS best day to retire usually 12/31 advice

While I'm not there yet, I like the idea of retiring at the very end of the year, even though I'll have reached the maximum income for Social Security taxes before the end of the year. Here's my rationale in order of importance: 1. I don't mind paying into Social Security the year after I retire be...
by MnD
Sun May 01, 2016 8:06 am
Forum: Personal Finance (Not Investing)
Topic: denied Schwab overdraft credit line and trying to understand why
Replies: 30
Views: 3302

Re: denied Schwab overdraft credit line and trying to understand why

Interesting..... I was unaware that Schwab Bank offered an overdraft credit line on checking. In the Schwab account agreement I see now it mentions one may be offered to certain customers , but I've yet to find any specific info on it. Is there a charge/fee for accessing it other than the interest t...
by MnD
Sat Apr 23, 2016 2:13 pm
Forum: Investing - Theory, News & General
Topic: Anyone Have a Near Retirement Strategy for Sequence of Return Risk?
Replies: 88
Views: 8618

Re: Anyone Have a Near Retirement Strategy for Sequence of Return Risk?

We are planning on 5% of portfolio balance of 75/25 constant allocation.
I have evaluated many other approaches and keep coming back to that one.
by MnD
Mon Apr 18, 2016 9:12 am
Forum: Personal Finance (Not Investing)
Topic: FERS best day to retire usually 12/31 advice
Replies: 8
Views: 1777

FERS best day to retire usually 12/31 advice

This common advice to Federal employees seems to guarantee all your vacation payout will be subject to an additional 6.2% FICA tax does it not? For those that hit the earnings cap annually, shouldn't a possible best day be a date after you hit the SS earnings tax cap and before when the annual leave...
by MnD
Mon Apr 18, 2016 8:32 am
Forum: Personal Finance (Not Investing)
Topic: How Did You File Your Income Taxes for 2015?
Replies: 101
Views: 5316

Re: How Did You File Your Income Taxes for 2015?

TurboTax Deluxe with free federal e-file. Completed the state version in TT but used the state on-line system to e-file it to avoid the TT e-file charge on state. I helped the kids go through the IRS free-file system and both selected TT free file edition and had absolutely free prep and filing for ...
by MnD
Sun Apr 03, 2016 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: 410-K to IRA rollover=unearned income for kiddie tax?
Replies: 4
Views: 352

Re: 410-K to IRA rollover=unearned income for kiddie tax?

Daughter has 2 1098-T's. One was for tuition far in excess of scholarships (undergrad). The other (grad school) had scholarships slightly more than tuition. When combined, scholarships were much less than tuition. But...... She answered yes that some of the 2nd one was used for room and board which ...
by MnD
Sat Apr 02, 2016 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: 410-K to IRA rollover=unearned income for kiddie tax?
Replies: 4
Views: 352

Re: 410-K to IRA rollover=unearned income for kiddie tax?

Thanks Alan and that's what I would think also. But I've checked her 1099 entry three times now. Box 1 gross distribution = $1577 Box 2 taxable amount = $0 Box 2b total distribution = checked Box 7 Distribution code = G (Direct rollover and rollover contribution) Her return Form 1040: Line 16A: $157...
by MnD
Sat Apr 02, 2016 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: 410-K to IRA rollover=unearned income for kiddie tax?
Replies: 4
Views: 352

410-K to IRA rollover=unearned income for kiddie tax?

Really? That's how Turbotax (Freedom edition) is handling it for my daughter age 23 on her return. Full-time grad student and a dependent in 2015 as she was an dependent undergrad January-May and lived at home June-August. Emancipated September 2015 but did not earn 50% of her support for the year. ...
by MnD
Thu Mar 17, 2016 11:26 am
Forum: Investing - Theory, News & General
Topic: How have your homes as investments done?
Replies: 154
Views: 12086

Re: How have your homes as investments done?

Bought 1991 $108K Current $428K
CAGR 5.66%

We're very pleased with this and our overall cost of housing now.
2500SF on 3/4 acre and we spend less on housing than someone renting a really low-end 1 bedroom apartment is spending in our market.
by MnD
Tue Mar 15, 2016 8:51 pm
Forum: Investing - Theory, News & General
Topic: Investing in Marijuana businesses
Replies: 49
Views: 5569

Re: Investing in Marijuana businesses

Until/unless the US Federal government actually legalises (not just decriminalises) marijuana, this is a very stupid way to expose yourself to the Deep Risk of government confiscation. DEA confiscation powers for "drug-fueled gains" can be quite exhaustive and expansive, with limited and ...
by MnD
Mon Mar 14, 2016 7:21 pm
Forum: Investing - Theory, News & General
Topic: Investing in Marijuana businesses
Replies: 49
Views: 5569

Re: Investing in Marijuana businesses

I live in Colorado and I think Big Tobacco and/or Big Alcohol companies will end up owing the industry. A few small companies will benefit and most others will fall by the wayside. Many smart people work in the industry and they will know the winners and losers among the microcaps long before the ge...
by MnD
Sun Feb 28, 2016 10:44 am
Forum: Investing - Theory, News & General
Topic: personal savings rate vs the general population
Replies: 69
Views: 9492

Re: personal savings rate vs the general population

In it, he writes: your generation will begin to save prodigiously. In such an environment, it will be very difficult to gain a comparative advantage over your peers. The all-household median retirement savings range for younger and older boomers, roughly the two oldest categories in this chart is $...
by MnD
Sun Feb 28, 2016 10:22 am
Forum: Investing - Theory, News & General
Topic: How long should I wait for Vanguard to respond?
Replies: 26
Views: 3768

Re: How long should I wait for Vanguard to respond?

Likewise. Sadly, in terms of the customer service part of investing, it seems that contrary to John Bogle's theorem, you do get what you pay for. I'm about half & half with VG & Fido. Thinking of moving assets to Fidelity the next time there is a serious screw up at VG. If you stick to Fido...
by MnD
Sat Feb 27, 2016 10:46 am
Forum: Investing - Theory, News & General
Topic: How long should I wait for Vanguard to respond?
Replies: 26
Views: 3768

Re: How long should I wait for Vanguard to respond?

This is a big reason I do not have a Vanguard account, I have concerns about their customer service. I do own some Vanguard funds and am a big fan. Agree strongly. The minuscule cost percentage-wise of the commission for buying/selling a Vanguard ETF somewhere else with a decent customer service pl...
by MnD
Sat Feb 27, 2016 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Bank Accounts
Replies: 66
Views: 5557

Re: Bank Accounts

Checking and Savings. We both like the mental accounting of savings which is our major purchase spending account while checking is pretty much money-in money out. We both auto-deposit most salary into checking and a smaller auto-deposits into saving. We don't take out of savings unless we agree on t...
by MnD
Thu Feb 25, 2016 1:13 pm
Forum: Investing - Theory, News & General
Topic: What withdrawal % are you planning on?
Replies: 89
Views: 7049

Re: What withdrawal % are you planning on?

5% of year-end balances. % of year-end balances helps prevent portfolio meltdown as well as run-away portfolio values to the upside. We'll have no problem with the variability due to a lot of fixed costs being covered by other income sources. Also have several other options that could be deployed if...
by MnD
Sat Feb 20, 2016 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: End of debit cards for me
Replies: 128
Views: 11309

Re: End of debit cards for me

This is exactly why we never use our ATM/debit card for anything but ATM withdrawals. That's my usual practice as well. It was used for a purchase only twice in the last year when for some reason I ended up being out to get cash without my other cards and made a spur of the moment purchase, the las...
by MnD
Sat Feb 20, 2016 9:56 am
Forum: Personal Finance (Not Investing)
Topic: End of debit cards for me
Replies: 128
Views: 11309

End of debit cards for me

Other than ATM's (a couple a month) I've used my debit card for purchases twice in the last 12 months. I use credit cards for everything. I think in both cases I had left my full wallet at home, grabbed my debit card to get some cash and also ended up making a small purchase on that errand. So this ...
by MnD
Tue Feb 16, 2016 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: End of Life Documents
Replies: 18
Views: 2166

Re: End of Life Documents

We just signed the 4 major documents mentioned here each - so documents 8 in total this morning prepared through an attorney. Pretty plain vanilla other than directing non-retirement account assets to a trust for the youngest child (college age) to be disbursed when he's a bit older. $1200 flat fee ...
by MnD
Mon Feb 15, 2016 12:04 pm
Forum: Investing - Help with Personal Investments
Topic: Any legitimate insurance/investment hybrids?
Replies: 23
Views: 1982

Re: Any legitimate insurance/investment hybrids?

Stable value funds in 401-K's and some 529 plans are usually insurance company issued investment products.
They use their large fixed income portfolios and balance sheets to "insure" price stability and liquidity.
Most people would say they are legitimate.

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