Search found 1135 matches

by Novine
Sun Feb 19, 2017 11:46 pm
Forum: Personal Consumer Issues
Topic: Car windshield wipers - go cheap or better?
Replies: 26
Views: 2576

Re: Car windshield wipers - go cheap or better?

Our local repair shop included new wiper blades with an oil change. I don't know the brand they used but they must have been cheap because they didn't last and did a lousy job. When one of them broke on a particularly cold day, I went to the local auto supply store and picked up the mid-level Rain X...
by Novine
Fri Feb 17, 2017 9:43 am
Forum: Investing - Theory, News & General
Topic: Why is American funds returns too good to be true?
Replies: 45
Views: 4989

Re: Why is American funds returns too good to be true?

"I don't like American finds because of 1) loads, 2) financial advisors who put people in 10 or more American Funds when 1 or 2 would have been better. FAs who sell 10 or more of the funds are making a meal of their clients. They also make investing look complicated." #2 isn't the fault of...
by Novine
Thu Feb 16, 2017 1:20 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review, Recent Windfall
Replies: 9
Views: 573

Re: Portfolio Review, Recent Windfall

As far as the windfall, you could look at setting additional dollars for the kids education. Do you have any other major expenses you anticipate besides the cars?
by Novine
Thu Feb 16, 2017 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review, Recent Windfall
Replies: 9
Views: 573

Re: Portfolio Review, Recent Windfall

Here's an overview of Vanguard's Target Date funds , which explain in more detail some of the comments that have been made. If you look at the individual Vanguard Target Date funds, you'll see that they hold percentages of Vanguard's Total Index funds which helps provide the diversification you want...
by Novine
Thu Feb 16, 2017 10:22 am
Forum: Investing - Help with Personal Investments
Topic: Helping a family member into retirement
Replies: 15
Views: 1683

Re: Helping a family member into retirement

Watty has a good suggestion. She may be better off using that $100,000 to pay for living expenses now and delay collecting her SS to get a larger SS payment down the road. How many retirement investment options are indexed for inflation and will pay out until the day she dies? That's what she gets w...
by Novine
Wed Feb 15, 2017 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: Tax and Investment questions for recently married couple
Replies: 5
Views: 369

Re: Tax and Investment questions for recently married couple

"How do you determine if it's best to file jointly or separately? I've always used a CPA since my taxes are a little more difficult and she's always just used turbotax." It's almost always to your advantage to file jointly. Your spouse's tax situation sounds pretty straightforward. But if ...
by Novine
Wed Feb 15, 2017 10:51 pm
Forum: Investing - Help with Personal Investments
Topic: Helping a family member into retirement
Replies: 15
Views: 1683

Re: Helping a family member into retirement

How old is she? What are her income needs in retirement? You'll need to provide more details so that people can list what potential options make sense for her situation.
by Novine
Wed Feb 15, 2017 7:05 pm
Forum: Investing - Help with Personal Investments
Topic: Stock Market Fears
Replies: 54
Views: 5350

Re: Stock Market Fears

"For many years now I have stayed the course, but lately I have begun to wonder if this is a wise plan. I recently read a post by a Boston economist who suggested moving everything to short-term Treasuries in anticipation of a market crash." What are your fears and how would this move addr...
by Novine
Tue Feb 14, 2017 11:28 pm
Forum: Investing - Help with Personal Investments
Topic: Currently an Edward Jones client and need some advice
Replies: 32
Views: 2169

Re: Currently an Edward Jones client and need some advice

"Currently an Edward Jones client and need some advice" Run. They've already told you that they're not legally required to put your financial interests above theirs. They've already told you that they'll charge you 10 times what you would pay if you were invested in low-cost, passive index...
by Novine
Tue Feb 14, 2017 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads not the norm?
Replies: 116
Views: 10043

Re: Bogleheads not the norm?

"It seems like every person on here is in this elite club not many people on this forum are in debt not saving enough and have little to no EF saved. I was one of these people not long ago and compared to most here I may be considered poor since my savings is below where it needs at my age.&quo...
by Novine
Tue Feb 14, 2017 10:12 am
Forum: Investing - Help with Personal Investments
Topic: MetLife Promise Whole Life Select 10
Replies: 16
Views: 1146

Re: MetLife Promise Whole Life Select 10

"Once you have invested 20k keep it going."

What? Since you've invested 20k, you might as well invest 200k? Sunk cost fallacy anyone?
by Novine
Sun Feb 12, 2017 1:49 pm
Forum: Forum Issues and Administration
Topic: [Bogleheads Sites Are Ad-Free]
Replies: 45
Views: 2800

Re: [Bogleheads Sites Are Ad-Free]

I see some people glossed right past WCI's point that this site already uses advertising to support its operation through the use of Amazon affiliate links. I have no idea how much revenue that generates but I'm sure it's more than zero. If you were unaware of that, it highlights that there's way to...
by Novine
Sat Feb 11, 2017 12:37 pm
Forum: Investing - Help with Personal Investments
Topic: Does anyone know what the AXA 403(b) fees are?
Replies: 14
Views: 816

Re: Does anyone know what the AXA 403(b) fees are?

I didn't read your other thread but if it hasn't been mentioned, one reason that school districts and others select these plans from the various life insurance companies is that they can offer these plans to the district for "free". Because they levy high fees on the plan participants, the...
by Novine
Sat Feb 11, 2017 12:30 pm
Forum: Forum Issues and Administration
Topic: [Bogleheads Sites Are Ad-Free]
Replies: 45
Views: 2800

Re: [Bogleheads Sites Are Ad-Free]

I hate all the pop-up, pop-under, flashing, blinking, jumping ads. But ads take many forms and there's no reason they need to be intrusive and annoying. Bogleheads could easily implement ads in a way that most regular users wouldn't notice them, especially if they could be turned off for registered ...
by Novine
Sat Feb 11, 2017 1:05 am
Forum: Forum Issues and Administration
Topic: [Bogleheads Sites Are Ad-Free]
Replies: 45
Views: 2800

Re: [Bogleheads Sites Are Ad-Free]

"Heck, you could even set it up so the ads go away when you log in so only lurkers see them." I think many regulars would be more inclined to support some ads if this approach could be implemented. I think the ad issue is always going to be controversial on a site like Bogleheads. But WCI ...
by Novine
Fri Feb 10, 2017 6:18 pm
Forum: Investing - Help with Personal Investments
Topic: When to invest- fear of crash
Replies: 58
Views: 4171

Re: When to invest- fear of crash

1. Stop "looking at the charts every day" as you said you're doing. It clearly serves no useful purpose for you and outside of those who work in the financial sector, it makes little sense for anyone else. 2. If you are approaching retirement then you are right to fear a downturn. But you ...
by Novine
Mon Feb 06, 2017 10:26 am
Forum: Personal Finance (Not Investing)
Topic: 70% marginal tax rate !?!
Replies: 25
Views: 4052

Re: 70% marginal tax rate !?!

"If you don't purchase another primary residence with that money, I believe you will have to pay capital gains."

Why do you believe that?
by Novine
Sun Feb 05, 2017 7:32 pm
Forum: Personal Consumer Issues
Topic: Does anybody else out there still pay for an email address?
Replies: 61
Views: 4708

Re: Does anybody else out there still pay for an email address?

"Email services offered by gmail, yahoo, hotmail, etc. are vulnerable and have been hacked." Anything that interacts with the Internet has the potential to be hacked. Companies that focus primarily on e-mail likely do a better job on securing their mail systems. But don't fool yourself thi...
by Novine
Sat Feb 04, 2017 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for input on my financial situation - mid 30s
Replies: 7
Views: 1224

Re: Looking for input on my financial situation - mid 30s

You're 34. Full retirement age for you is 67. That means that you'll likely be working for another 40+ years. Even if there's a big correction in the next year or 10 years from now, are you going to remember that in 40 years? Probably not. Even if you do, don't you see how you'll have another 30 yea...
by Novine
Sat Feb 04, 2017 5:05 pm
Forum: Investing - Help with Personal Investments
Topic: Help me evaluate my mom's portfolio, and decide what to advise her re: investments after house sale
Replies: 7
Views: 429

Re: Help me evaluate my mom's portfolio, and decide what to advise her re: investments after house sale

In an ideal world, mom would transfer her IRA to Vanguard and either let you manage it or pay Vanguard a small annual fee to assist. The portfolio is unnecessarily complicated from what you've stated about her needs and future plans for the money. It could easily be turned into a 3 Fund portfolio at...
by Novine
Sat Feb 04, 2017 4:04 pm
Forum: Investing - Help with Personal Investments
Topic: Help me evaluate my mom's portfolio, and decide what to advise her re: investments after house sale
Replies: 7
Views: 429

Re: Help me evaluate my mom's portfolio, and decide what to advise her re: investments after house sale

This doesn't really tell us much other than that she has some really good options in her account and some that are unnecessarily expensive. But this doesn't even say which funds they are using and in what percentages. Doesn't your mother get a monthly statement from TIAA showing how her funds are al...
by Novine
Sat Feb 04, 2017 3:18 pm
Forum: Investing - Help with Personal Investments
Topic: Please help my in-laws move their business 401k away from EJ!
Replies: 7
Views: 1101

Re: Please help my in-laws move their business 401k away from EJ!

There are other options but keep in mind that many employers gravitate to the plan providers who cost them little or nothing to offer a retirement plan because the provider makes up the costs by charging the participants higher fees. Would they be willing to pursue a provider with lower fees if it w...
by Novine
Sat Feb 04, 2017 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: 70% marginal tax rate !?!
Replies: 25
Views: 4052

Re: 70% marginal tax rate !?!

Perhaps this is semantics but I don't think it's accurate to claim that the earned income is being taxed at 70%. If the marginal rate is the combination of both the rate on earned income and on long-term gains, how does the percentage get allocated to the earned income? Absent the long-term gains, t...
by Novine
Sat Feb 04, 2017 1:04 am
Forum: Personal Finance (Not Investing)
Topic: 70% marginal tax rate !?!
Replies: 25
Views: 4052

Re: 70% marginal tax rate !?!

"The earned income displaces LTCG/qualified dividends out of the 0% bracket and into 15/20%+ACA zone, while at the same time being taxed itself at AMT+phaseouts. Then add CA and payroll taxes, and 69% is gone from every additional dollar I earn. " Can you show the breakdown of the various ...
by Novine
Tue Jan 31, 2017 10:03 am
Forum: Investing - Help with Personal Investments
Topic: Want to cut the manged investment cord...How best?
Replies: 6
Views: 709

Re: Want to cut the manged investment cord...How best?

If you move your IRAs to Vanguard, you can also open a taxable account there where you can invest as much as you want for whatever purpose you need. I assume this is what you have in mind when you refer to "wealth building options". Some people use the taxable account as a supplement to th...
by Novine
Mon Jan 30, 2017 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: FHA Mortgage - Buy down interest rate?
Replies: 10
Views: 652

Re: FHA Mortgage - Buy down interest rate?

FHA allows her to get a more expensive house than she could otherwise afford if she can't come up with the 20% downpayment. Is that a wise financial move? Only she can say. But she should explore other options with her credit union. Often times, they can offer comparable type loans with less costly ...
by Novine
Mon Jan 30, 2017 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: seeking advice - need to advise newly widowed mother in deep debt
Replies: 46
Views: 4112

Re: seeking advice - need to advise newly widowed mother in deep debt

If your parents used their home equity to fund college education for their children, it seems that part of the discussion should be how you and your brother can assist your mother financially. You have no legal obligation to do so and if you or your brother can't afford to do that, that's one thing....
by Novine
Mon Jan 30, 2017 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: FHA Mortgage - Buy down interest rate?
Replies: 10
Views: 652

Re: FHA Mortgage - Buy down interest rate?

Does she know that PMI on FHA loans is steep and permanent? The only way to get rid of it is to refinance into a new loan which makes the math more complicated considering it's likely that interest rates will be higher when she does.
by Novine
Mon Jan 30, 2017 9:37 am
Forum: Investing - Help with Personal Investments
Topic: Starting NYS 457(B)-The bigger picture.
Replies: 14
Views: 763

Re: Starting NYS 457(B)-The bigger picture.

There are some benefits to using a 457b plan besides the deferral of taxes. If you have additional dollars after you fund your IRA, you may want to revisit using the 457 plan.
by Novine
Mon Jan 30, 2017 9:31 am
Forum: Personal Finance (Not Investing)
Topic: seeking advice - need to advise newly widowed mother in deep debt
Replies: 46
Views: 4112

Re: seeking advice - need to advise newly widowed mother in deep debt

Are you sure that his pension ends with his death? That's possible but normally, it would have required an affirmative choice on his part to take a higher benefit knowing that it would leave her with less on his death.
by Novine
Mon Jan 30, 2017 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Weird IRS email
Replies: 11
Views: 2112

Re: Weird IRS email

"When I hover over the address there is a phone number (888) 841-4648 which is not an IRS number as best I can tell. " That's a legitimate IRS number. However, if the e-mail is in plain text, you're not seeing that because it's part of the message. What's likely happening is that your brow...
by Novine
Sun Jan 29, 2017 8:51 pm
Forum: Investing - Help with Personal Investments
Topic: Opening a Roth IRA or Traditional IRA for my wife who does not work?
Replies: 19
Views: 1170

Re: Opening a Roth IRA or Traditional IRA for my wife who does not work?

VTSMX is intended to give you diversification in the US stock market by holding almost 4,000 different stocks. If you need something more than that, typically, you'll get recommendations to diversify into other asset classes, like international equities or bond funds. Those provide more diversity th...
by Novine
Sun Jan 29, 2017 8:42 pm
Forum: Investing - Help with Personal Investments
Topic: Opening a Roth IRA or Traditional IRA for my wife who does not work?
Replies: 19
Views: 1170

Re: Opening a Roth IRA or Traditional IRA for my wife who does not work?

I understood your comment. What do you hope to accomplish by having VHDYX? Both funds own US stocks, the only difference being that VHDYX focuses on stocks that pay out dividends and holds about 1/8th the number of stocks that VTSMX holds. What's wrong with holding VTSMX in both accounts?
by Novine
Sun Jan 29, 2017 8:31 pm
Forum: Investing - Help with Personal Investments
Topic: Opening a Roth IRA or Traditional IRA for my wife who does not work?
Replies: 19
Views: 1170

Re: Opening a Roth IRA or Traditional IRA for my wife who does not work?

VTSMX holds 3592 different stocks. What stocks doesn't it hold that you think you are missing? When people talk about diversification in this context, it's about adding international or real estate funds or bond funds, not different stock funds. VTSMX is intended to be representative of the US equit...
by Novine
Sun Jan 29, 2017 8:08 pm
Forum: Investing - Help with Personal Investments
Topic: 2 Year Financial Heal Check - Room for improvement?
Replies: 5
Views: 805

Re: 2 Year Financial Heal Check - Room for improvement?

A few questions for clarification. 1. Where are those first set of funds invested? Spouse's IRA? 2. Any reason for picking VTMGX over VTIAX for your international equities? 3. How soon will the college fund be needed? 4. Does either spouse have access to anything other than an IRA (401k, 403b, 457, ...
by Novine
Sat Jan 28, 2017 10:29 pm
Forum: Investing - Theory, News & General
Topic: Zacks vs. TheStreet buy/sell recommendations
Replies: 20
Views: 1175

Re: Zacks vs. TheStreet buy/sell recommendations

" I do back checking and I look at studies and I've found that there are exceptions to the general rules that people here follow. (Well, I haven't personally discovered anything useful with my backchecking, but I hardly started)." Have you considered starting up a financial newsletter? The...
by Novine
Sat Jan 28, 2017 2:48 pm
Forum: Investing - Help with Personal Investments
Topic: Starting NYS 457(B)-The bigger picture.
Replies: 14
Views: 763

Re: Starting NYS 457(B)-The bigger picture.

As someone else noted, we use marginal tax rates here in the US. You only pay 25% on the amount of income above the threshold between 15 and 25%. When you have taxable income that falls into the 25% bracket, the 25% only applies to the dollars above that line. You may already understand that but man...
by Novine
Thu Jan 26, 2017 11:22 pm
Forum: Investing - Help with Personal Investments
Topic: VALIC gouges investors with high fees
Replies: 1
Views: 526

VALIC gouges investors with high fees

I know that a number of Bogleheads are, like me, stuck with some of their retirement funds invested with VALIC. I was looking at rebalancing amongst my various accounts and wanted to see if there were any lower-cost alternatives to my current selection of funds at VALIC. It took me a while to find t...
by Novine
Thu Jan 26, 2017 10:23 pm
Forum: Investing - Help with Personal Investments
Topic: All in VANGUARD is that ok??
Replies: 51
Views: 5330

Re: All in VANGUARD is that ok??

Investors have over $3 trillion dollars invested with Vanguard. You're joining good company.
by Novine
Mon Jan 23, 2017 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: No health insurance tax penalty
Replies: 69
Views: 5356

Re: No health insurance tax penalty

"Health insurance for me under an exchange plan is minimum $12k per year for the highest deductible available. I'll take the bet that my family won't use that much health care every year. I won't be a ninnie and pay any amount for insurance, no matter what." According to Kaiser, the averag...
by Novine
Sun Jan 22, 2017 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage in 7 years using HELOC?
Replies: 19
Views: 2455

Re: Pay off mortgage in 7 years using HELOC?

Which lender will give you a HELOC for 100% of your outstanding balance on a 30 year loan at year 1?
by Novine
Sat Jan 21, 2017 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: No health insurance tax penalty
Replies: 69
Views: 5356

Re: No health insurance tax penalty

If I understand the penalty correctly, you're already on the hook for each month you don't have insurance . Each month you delay getting insurance, you're digging a deeper hole. The advice that you "wait and see" what happens with the penalty based on what may or may not happen in the futu...
by Novine
Tue Jan 17, 2017 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: 28yr old newbie playing catch up
Replies: 29
Views: 2409

Re: 28yr old newbie playing catch up

"If I want to get into the 2060 Target Date Fund, it's as simple as exchanging my shares on the Vanguard website, right? I see an option on there to exchange my 2035 Target Date shares but just wanted to confirm. "

That's correct.
by Novine
Mon Jan 16, 2017 5:09 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio help
Replies: 14
Views: 477

Re: Portfolio help

What's wrong with renting while you pay off your debts and save up for a down payment?
by Novine
Mon Jan 16, 2017 4:58 pm
Forum: Investing - Theory, News & General
Topic: Investing Down Payment
Replies: 6
Views: 627

Re: Investing Down Payment

What's the size of the down payment?
by Novine
Mon Jan 16, 2017 4:55 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio help
Replies: 14
Views: 477

Re: Portfolio help

How is it that you have enough money for a down payment but also have $35,000 in debt? Do the math on what you are paying out in interest on that debt while sitting on cash to see how that doesn't make a lot of sense.
by Novine
Mon Jan 16, 2017 4:51 pm
Forum: Investing - Help with Personal Investments
Topic: Cardinal Sin - went to cash the day before 2016 election
Replies: 56
Views: 6368

Re: Cardinal Sin - went to cash the day before 2016 election

If you're 40 years old, you likely have 25 - 30 years of investing until retirement. You need to get some perspective about that timeline. Even if the market had crashed after the election, in that time frame, it's a blip in the grand scheme, not the determining factor between living a retirement of...
by Novine
Sun Jan 15, 2017 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Help with taxes
Replies: 27
Views: 1948

Re: Help with taxes

I missed the comment about your MAGI. You're correct if your MAGI is going to be over $118,000 (partial deductibility limit).
by Novine
Sun Jan 15, 2017 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: Can you exchange a 401k into a traditional ira
Replies: 9
Views: 690

Re: Can you exchange a 401k into a traditional ira

If she is still working with that company, it is known as an in-service rollover. Some plans permit it but even when it's allowed, there's often limitations on those. You should start by finding out whether it is even allowed in her plan.
by Novine
Sun Jan 15, 2017 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Help with taxes
Replies: 27
Views: 1948

Re: Help with taxes

You and your wife can each contribute $5500 to a Traditional IRA. It was unclear from your comments whether you were doing $5500 or $11,000.

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