Search found 1341 matches

by Nate79
Fri Nov 24, 2017 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Thankful for the Debt we Took - Should we Try Again?
Replies: 8
Views: 822

Re: Thankful for the Debt we Took - Should we Try Again?

Not so long ago, our family considered debt very negatively. As a result, we saved for many years to buy our first home without any loan. Just before we bought our home in 2009, a retirement consultant from TIAA convinced us to finance 80% of the purchase by a mortgage and put remaining $200K that ...
by Nate79
Thu Nov 23, 2017 6:05 pm
Forum: Investing - Help with Personal Investments
Topic: Roll IRA into high fee 401k to do backdoor roth
Replies: 5
Views: 383

Re: Roll IRA into high fee 401k to do backdoor roth

My guess without running the numbers that it won't make sense. We are taking about $5500/year. Calculate the added fees for the 401k. This is the added fees you are paying for the privilege of tax free growth vs paying capital gains tax rate on taxable account gains.
by Nate79
Thu Nov 23, 2017 5:49 pm
Forum: Personal Consumer Issues
Topic: The Wolf of Wall Street
Replies: 20
Views: 2682

Re: The Wolf of Wall Street

The google gives this description of the story: In 1987, Jordan Belfort (Leonardo DiCaprio) takes an entry-level job at a Wall Street brokerage firm. By the early 1990s, while still in his 20s, Belfort founds his own firm, Stratton Oakmont. Together with his trusted lieutenant (Jonah Hill) and a me...
by Nate79
Thu Nov 23, 2017 5:45 pm
Forum: Investing - Theory, News & General
Topic: Jim Cramer doesn’t beat the market
Replies: 96
Views: 13034

Re: Jim Cramer doesn’t beat the market

I find Cramer entertaining and very knowledgeable. The smug attitude in this thread is a little over the top. I guess there are no hypocrites here that use any active funds, right?
by Nate79
Thu Nov 23, 2017 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: HELOC to Maximize Retirement Contribution
Replies: 29
Views: 2122

Re: HELOC to Maximize Retirement Contribution

Sorry but if you need to take out loans for college you can not afford it. Reduce the cost and cash flow it along with saving until college starts. How much are your kids contributing to their college? Are they working before and during college? They should be filling out college scholarships applic...
by Nate79
Tue Nov 21, 2017 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 13062

Re: Dave Ramsey says don't use credit cards, even if you pay them off

I disagree with the premise that Dave Ramsey is only for average Americans, low to mid income with no financial knowledge. This seems to say that the financially literate are somehow better and above the message that Dave preaches. The many millionaire hours of Dave Ramsey followers that call in sho...
by Nate79
Mon Nov 20, 2017 5:45 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle, the world's richest man
Replies: 25
Views: 4922

Re: Jack Bogle, the word's richest man

In reference to the title, what word?
by Nate79
Mon Nov 20, 2017 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: The valet smashed my Tesla into a brick wall!
Replies: 105
Views: 11427

Re: The valet smashed my Tesla into a brick wall!

Maybe he accidentally put it into autopilot mode. These Tesla's practically drive themselves into walls these days.
by Nate79
Sun Nov 19, 2017 9:50 pm
Forum: Personal Consumer Issues
Topic: Can anyone help me with details on Portland Oregon Trip?
Replies: 14
Views: 578

Re: Can anyone help me with details on Portland Oregon Trip?

As someone who lives outside Portland i wouldnt spend a minute in Portland on vacation if I didn't have to. Oregon has so much to offer and the only thing Portland city itself has to offer is homeless and traffic.
by Nate79
Sun Nov 19, 2017 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 13062

Re: Dave Ramsey says don't use credit cards, even if you pay them off

Dave's number one sin is claiming one can safely withdraw 12% per year of retirement funds. However as of late he stays that even if I'm half right you'll still have plenty of money. A 6% withdrawal rate is also not a safe withdrawal rate. DA I've never heard him say that. He claims you can get an ...
by Nate79
Sun Nov 19, 2017 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 13062

Re: Dave Ramsey says don't use credit cards, even if you pay them off

Dave's number one sin is claiming one can safely withdraw 12% per year of retirement funds. However as of late he stays that even if I'm half right you'll still have plenty of money. A 6% withdrawal rate is also not a safe withdrawal rate. DA I've never heard him say that. He claims you can get an ...
by Nate79
Sun Nov 19, 2017 3:30 pm
Forum: Investing - Theory, News & General
Topic: Oregon makes you save, unless you object. NYT article
Replies: 50
Views: 3562

Re: Oregon makes you save, unless you object. NYT article

When the solution to some of the worst traffic in the country is to build a bike lane I consider this one of the smarter things these buffoons have done.
by Nate79
Sat Nov 18, 2017 8:16 pm
Forum: Investing - Help with Personal Investments
Topic: Variable annuity trading costs?
Replies: 17
Views: 633

Re: Variable annuity trading costs?

Sorry to hear you are working with one of the worst, most expensive companies out there. Go big or go home I guess.
by Nate79
Sat Nov 18, 2017 7:58 pm
Forum: Investing - Theory, News & General
Topic: Buying and Spending Bitcoin
Replies: 72
Views: 6581

Re: Buying and Spending Bitcoin

Technology solving a problem that doesn't exist. I really enjoy using Samsung Pay and good cash back credit card. Bitcoin is really a joke. It solves plenty of problems. It sounds like they're just not yours right now. * Making it difficult for your government to track you (illegal activities, dodg...
by Nate79
Sat Nov 18, 2017 7:17 pm
Forum: Investing - Theory, News & General
Topic: Buying and Spending Bitcoin
Replies: 72
Views: 6581

Re: Buying and Spending Bitcoin

Technology solving a problem that doesn't exist. I really enjoy using Samsung Pay and good cash back credit card. Bitcoin is really a joke.
by Nate79
Sat Nov 18, 2017 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: Costco Eyeglasses - No satisfaction guarantee. Any chance of resolution?
Replies: 27
Views: 2751

Re: Costco Eyeglasses - No satisfaction guarantee. Any chance of resolution?

That sounds very frustrating. I am quite surprised Costco didn't help you out. I've returned everything from mattresses to fruit without a peep from Costco customer service. That is what makes them great. I agree that you should try to escalate but I'm not sure how. Will be interested to hear other ...
by Nate79
Fri Nov 17, 2017 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: To buy or not to buy...house buying question (budget)
Replies: 17
Views: 1661

Re: To buy or not to buy...house buying question (budget)

Hammer the student loans before buying.

Wait a year, keep saving and paying down debt.

Absolutely try to stay away from PMI.
by Nate79
Fri Nov 17, 2017 3:05 pm
Forum: Investing - Help with Personal Investments
Topic: Target Date Fund Investment Strategy
Replies: 12
Views: 926

Re: Target Date Fund Investment Strategy

5 years of expenses in CD's is extremely conservative. Why such a big emergency fund? This is intended to be money that I know I will spend in the next 5 years, mainly on big ticket items, like down payment for a house, a car, etc. This is separate from my emergency fund. 5 years is on the conserva...
by Nate79
Fri Nov 17, 2017 1:19 pm
Forum: Investing - Help with Personal Investments
Topic: Target Date Fund Investment Strategy
Replies: 12
Views: 926

Re: Target Date Fund Investment Strategy

5 years of expenses in CD's is extremely conservative. Why such a big emergency fund?
by Nate79
Thu Nov 16, 2017 5:06 pm
Forum: Personal Consumer Issues
Topic: Chase Sapphire Res - Anyone use Trip Canc Insurance
Replies: 10
Views: 920

Re: Chase Sapphire Res - Anyone use Trip Canc Insurance

I tried, it was due to a medical issue on the part of the person going with me. Chase denied it. I would not rely on their travel insurance and instead shop around - relying on the word of a customer service agent cost me $800. Did you have an actual valid claim? Did Chase give a reason and was it ...
by Nate79
Wed Nov 15, 2017 8:54 pm
Forum: Investing - Help with Personal Investments
Topic: 529 Plans - At what age do I move to conservative?
Replies: 24
Views: 1753

Re: 529 Plans - At what age do I move to conservative?

Remember that they will likely be in college for at least 4 years. The asset allocation not only needs to be selected for the start date but at least 4 years more. Going too conservative when the student starts college ignores that you need to handle the increase in cost over the 4 years of college.
by Nate79
Wed Nov 15, 2017 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Breaking up with USAA--banking alternatives welcomed
Replies: 28
Views: 6418

Re: Breaking up with USAA--banking alternatives welcomed

I'd still recommend WellsFargo. The current Bad Boy is TIAA: https://www.nytimes.com/2017/11/13/your-money/tiaa-403b.html I guess the good thing about WF is it is very easy to open an account. So easy they will throw in a few extra without asking..... We are switching from WF to Schwab. I'm tired o...
by Nate79
Wed Nov 15, 2017 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Breaking up with USAA--banking alternatives welcomed
Replies: 28
Views: 6418

Re: Breaking up with USAA--banking alternatives welcomed

Kind of funny to look back at this old thread and see people recommending Wells Fargo. Oh how times have changed.
by Nate79
Wed Nov 15, 2017 8:17 pm
Forum: Personal Consumer Issues
Topic: Has used furniture dropped in value dramatically?
Replies: 108
Views: 8269

Re: Has used furniture dropped in value dramatically?

I agree the furniture is mostly worthless. Clark Howard had a recent podcast where he commented on this that all this nice furniture can be had for pennies to free because no one wants it anymore. For those looking to buy furniture it offers a good opportunity.
by Nate79
Wed Nov 15, 2017 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: How unwise is it to move to a high-tax fiscally-shaky state? (Connecticut)
Replies: 50
Views: 3749

Re: How unwise is it to move to a high-tax fiscally-shaky state? (Connecticut)

Cost of living including taxes should definately be considered when making a move.
by Nate79
Tue Nov 14, 2017 2:59 pm
Forum: Investing - Help with Personal Investments
Topic: Where to take more risk: 401k or Roth?
Replies: 32
Views: 2856

Re: Where to take more risk: 401k or Roth?

My large employer has Blackrock S&P500 index fund with ER of 0.02 ......

0.07 isn't too good to be true. You would need the fund expense breakdown, ER of each fund and there are probably various net fee reductions. But if 0.07 is listed as the net ER then that is what it is.
by Nate79
Mon Nov 13, 2017 10:34 pm
Forum: Investing - Help with Personal Investments
Topic: Wife's 401k investment options (high fees!)
Replies: 26
Views: 1289

Re: Wife's 401k investment options (high fees!)

Is the Guidance choice mandatory? Your fees aren't horrible and any change would require finding another provider, not just adding other investment options because you already have S&P500 index fund, etc. You might ask your provider why the expense ratio of the S&P500 is so high compared to State St...
by Nate79
Mon Nov 13, 2017 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: Actually might have "enough", thinking of suspending retirement savings in favor of saving for down payment
Replies: 36
Views: 3132

Re: Actually might have "enough", thinking of suspending retirement savings in favor of saving for down payment

Purchasing a home IS as form of retirment savings so substituting some 401k savings vs home equity is fine. I contend that putting money towards purchasing a reasonable home where expenses vs renting do not increase much sets one up for a much more successful retirement than being a life long renter...
by Nate79
Mon Nov 13, 2017 9:33 pm
Forum: Investing - Theory, News & General
Topic: Do DFA advisors get kickbacks?
Replies: 11
Views: 1612

Re: Do DFA advisors get kickbacks?

I don't think they charge 12b-1 fees if that is what you are asking.
by Nate79
Mon Nov 13, 2017 9:19 pm
Forum: Investing - Theory, News & General
Topic: Quest for better fund selection in 401 K
Replies: 18
Views: 1212

Re: Quest for better fund selection in 401 K

Some thoughts. What are the lowest cost funds in your plan? Perhaps you should remove Vanguard fund names and instead ask for low cost index fund such as S&P500, extended market, mid cap and small cap index, total international and total bond fund. These can be available from a number of low cost in...
by Nate79
Mon Nov 13, 2017 5:55 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab Intelligent Portfolio or Vanguard Target Fund?
Replies: 10
Views: 1066

Re: Schwab Intelligent Portfolio or Vanguard Target Fund?

There was two recent threads on robo advisors, one on thr details and one on backtesting. I would suggest to search these out and revuee them. Based on that info Schwab looked very interesting to me so we have been transitioning some money to them for evaluation along with using their excellent chec...
by Nate79
Mon Nov 13, 2017 5:47 pm
Forum: Investing - Theory, News & General
Topic: At what rate of return would you keep a whole life policy?
Replies: 21
Views: 1450

Re: At what rate of return would you keep a whole life policy?

And this is why I say that evaluating the return rate is complicated and those that quote a return generally don't take everything into account or don't have a clue how they work. Unless you care about imaginary paper returns you need to market the value as what you can actually put in your (or your...
by Nate79
Mon Nov 13, 2017 1:43 pm
Forum: Personal Consumer Issues
Topic: HSA mishandled by State Farm, IRS issue now
Replies: 6
Views: 1075

Re: HSA mishandled by State Farm, IRS issue now

Is this is an employer plan? If so do you have any benefit person at work to advocate for you? If not thru work why in the world would you want an HSA thru an insurance company like State Farm?
by Nate79
Mon Nov 13, 2017 1:30 pm
Forum: Investing - Theory, News & General
Topic: At what rate of return would you keep a whole life policy?
Replies: 21
Views: 1450

Re: At what rate of return would you keep a whole life policy?

I would always cancel them unless the insurance is needed and appropriate term can not be put in place. There are tons of threads on here about whether to keep or cancel WL. Calculating so called return is extremely complicated because you have to look at the policy in entirety. But they are rarely ...
by Nate79
Mon Nov 13, 2017 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: What might you ask In-laws' FA?
Replies: 37
Views: 2649

Re: What might you ask In-laws' FA?

Is the FA a fiduciary?
by Nate79
Mon Nov 13, 2017 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Actually might have "enough", thinking of suspending retirement savings in favor of saving for down payment
Replies: 36
Views: 3132

Re: Actually might have "enough", thinking of suspending retirement savings in favor of saving for down payment

I do not see anything wrong with redirecting some of your money towards buying a house as long as the house is a reasonable purchase for your income and expenses. In effect you are, by buying a house, are purchasing future housing costs for your retirement.
by Nate79
Sun Nov 12, 2017 10:16 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody with Student Loans applying for PSLF in October 2017?
Replies: 24
Views: 2077

Re: Anybody with Student Loans applying for PSLF in October 2017?

Any chance you could link to this story? I know about stories of people who believed they were employed by a qualifying employer but ended up that their employers didn't qualify. I am certain I don't fall into that camp. I am a little confused about the person being in the 'wrong loan program', sin...
by Nate79
Sun Nov 12, 2017 9:54 pm
Forum: Investing - Help with Personal Investments
Topic: Why pay cash for a car?
Replies: 179
Views: 14758

Re: Why pay cash for a car?

Cash vs debt has very strong behavioral impact such that it's not all about math. Paying cash imparts pain and causes you to reexamine your purchase and helps reduce spending. This can have much more of an effect than just the math of the deal does. The auto manufacturers are not stupid, they offer ...
by Nate79
Sun Nov 12, 2017 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Draft a will with legalzoom or other online legal help
Replies: 64
Views: 4373

Re: Draft a will with legalzoom or other online legal help

I disagree in general with the advice on this site to always use an attorney for making a will. In simple cases software like Quicken Willmaker can do state specific will also with power of attorney, etc. But in your case you have a sizable estate with somewhat complex real estate holdings and multi...
by Nate79
Sun Nov 12, 2017 4:05 pm
Forum: Investing - Help with Personal Investments
Topic: Help! Tax question as I bogelize my holdings
Replies: 16
Views: 1333

Re: Help! Tax question as I bogelize my holdings

I think you are misunderstanding. The realized gains are added to your taxable income not 15% of the gains. If you sell $100k of gains then all of that is added, not 15% of it.
by Nate79
Sun Nov 12, 2017 3:24 pm
Forum: Personal Consumer Issues
Topic: Investing HOA reserve money?
Replies: 24
Views: 1087

Re: Investing HOA reserve money?

It strikes me as bad that you are even proposing this.
by Nate79
Sun Nov 12, 2017 12:38 pm
Forum: Investing - Theory, News & General
Topic: Are we headed for a crash or...
Replies: 19
Views: 1832

Re: Are we headed for a crash or...

Based on that chart looks like we are headed for a 17 year boom. Is that how you read it?
by Nate79
Sun Nov 12, 2017 11:13 am
Forum: Personal Finance (Not Investing)
Topic: 401k - Any way to use post-tax dollars but claim tax benefit?
Replies: 3
Views: 495

Re: 401k - Any way to use post-tax dollars but claim tax benefit?

I wouldn't worry that much. While it's definately good to try and max out your 401k it's not the end of the world. Throw it in a Roth IRA or taxable account and make sure you max next year.
by Nate79
Sat Nov 11, 2017 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab/Fidelity vs BoA Gold: Checking
Replies: 41
Views: 3060

Re: Schwab/Fidelity vs BoA Gold: Checking

We currently use Wells Fargo but have decided to start switching to Schwab. I am very impressed with the no fees and the excellent customer service. Let's just say when there is an issue or anything needs to be resolved their phone or chat people are top notch! I also opened the Schwab AMEX card in ...
by Nate79
Sat Nov 11, 2017 6:07 pm
Forum: Investing - Help with Personal Investments
Topic: Rapidly pay down student loans prior to house?
Replies: 24
Views: 1570

Re: Rapidly pay down student loans prior to house?

Absolutely pay them off. Don't listen to the broke people around you that think there is any value to keeping debt. Kick Sally Mae out!
by Nate79
Sat Nov 11, 2017 2:23 pm
Forum: Personal Consumer Issues
Topic: Septic tank - deal killer?
Replies: 47
Views: 4013

Re: Septic tank - deal killer?

Millions of homes have septic. You act like it is some rare situation to be avoided. It's not really that big of deal with even minor due dilligence it will be just fine.