Search found 97 matches

by PhysicsTeacher
Tue Sep 19, 2017 9:17 pm
Forum: Personal Consumer Issues
Topic: What is a decent financial book that everyone should buy?
Replies: 20
Views: 1551

Re: What is a decent financial book that everyone should buy?

I'll add my voice to the chorus of Andrew Tobias fans. The Only Investment Guide You'll Ever Need has become my standard high school graduation gift.
by PhysicsTeacher
Thu Sep 07, 2017 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: For those planning early retirement....
Replies: 67
Views: 8378

Re: For those planning early retirement....

I hope to retire in my early fifties when I'll be eligible for a pension. I'm looking forward to long walks, bike rides, playing with pets, hanging out with my spouse, cooking great food, reading lots of library books, and having plenty of time to study whatever strikes my fancy. I'd like to volunte...
by PhysicsTeacher
Sun Sep 03, 2017 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: How old were you when you got your first credit card?
Replies: 46
Views: 1939

Re: How old were you when you got your first credit card?

My mother added me as an authorized user on her Citgo card to buy gasoline for commuting to college when I was 18. When I was 20, I got a MasterCard in my own name through USAA. I think the credit limit was $1k; they raised it to $15k after I graduated. When my husband and I started dating, he was h...
by PhysicsTeacher
Sun Aug 27, 2017 12:23 pm
Forum: Investing - Help with Personal Investments
Topic: Worth exchanging Target Retirement in taxable for tax-efficiency?
Replies: 9
Views: 537

Re: Worth exchanging Target Retirement in taxable for tax-efficiency?

What is your current federal tax bracket? That will determine what rate you'll pay on long term capital gains if you sell your target date fund to create a more tax-efficient portfolio. How much do you have in long term and short term gains if you sell today, and how much space do you have available...
by PhysicsTeacher
Mon Aug 21, 2017 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Jobs that pay over $100,000
Replies: 157
Views: 15844

Re: Jobs that pay over $100,000

Heck, some classroom teachers are pulling in over $100k. Add in some pre-school monitoring, yearbook advisor and after school basketball, and they can really get up there. Summers off and great health care. This is very geographically dependent. My base salary with six years of experience is $34k. ...
by PhysicsTeacher
Mon Aug 14, 2017 5:58 pm
Forum: Personal Consumer Issues
Topic: ipad or tablet for hospital?
Replies: 32
Views: 2489

Re: ipad or tablet for hospital?

An iPad is a fantastic device, but for this purpose I cast another vote for a Kindle Fire. The Fire 7 is a perfectly adequate tablet, small enough to carry readily in a handbag, and cheap enough not to worry terribly about losing. The Fire 8 HD is probably even nicer, but I've never had my hands on ...
by PhysicsTeacher
Thu Aug 10, 2017 7:30 am
Forum: Investing - Help with Personal Investments
Topic: 1-Million Dollar Question [Investing during retirement, leave to heirs]
Replies: 33
Views: 4883

Re: 1-Million Dollar Question [Investing during retirement, leave to heirs]

How greatly does your father's income without his pension exceed his expenses? Is he definitely set for life, or is it possible that he may need to tap some portion of funds in the rollover IRA for care later? Nursing homes and memory care facilities can be very expensive if needed. The answer to th...
by PhysicsTeacher
Sat Jul 29, 2017 1:59 pm
Forum: Investing - Theory, News & General
Topic: Treasury ends myRA program
Replies: 32
Views: 3614

Re: Treasury ends myRA program

My brother opened a myRA at my suggestion and funded it with $5.5k. It fit his needs well because it was offered an acceptable interest rate while guaranteeing his principal wouldn't decline and he would have liquidity if a major emergency arose. He is currently unemplyed so, while he has no imminen...
by PhysicsTeacher
Tue Jul 25, 2017 11:04 pm
Forum: Personal Finance (Not Investing)
Topic: Late start for college savings
Replies: 16
Views: 1415

Re: Late start for college savings

It is my understanding that if a student was in foster care any time after he or she turned 13, he or she is considered independent for purposes of federal student aid. Since parental assets and income will not be considered, your child would be very likely to qualify for a Pell Grant (plus subsidiz...
by PhysicsTeacher
Sun Jul 16, 2017 3:05 pm
Forum: Investing - Help with Personal Investments
Topic: New to investing approaching retirement
Replies: 1
Views: 349

Re: New to investing approaching retirement

Welcome to Bogleheads! You'll get the best advice if you list the details of your current investments in the format from asking portfolio questions. This will ensure that everyone has the information needed to offer suggestions.
by PhysicsTeacher
Fri Jul 14, 2017 11:57 pm
Forum: Personal Consumer Issues
Topic: [Amazon Prime Day]
Replies: 87
Views: 9809

Re: [Amazon Prime Day]

I didn't buy anything on Prime Day despite being tempted by the Instant Pot deal. I did notice that a handbag I had purchased from a Gold Box deal on Sunday could have been had for $1.50 less had I waited, but that isn't worth beating myself up about. :wink:
by PhysicsTeacher
Fri Jul 14, 2017 11:46 pm
Forum: Personal Finance (Not Investing)
Topic: When to max out 401k (Aspiring Early Retiree)
Replies: 89
Views: 5183

Re: When to max out 401k (Aspiring Early Retiree)

It really all depends on what kind of lifestyle you expect to have at age 50. Unless you are going to live as frugally as Mr Money Mustache - to retire at 50 you will need to start maxing out your 401k yesterday AND also you will likely need to save after tax (like a roth) and some in a taxable acc...
by PhysicsTeacher
Fri Jul 14, 2017 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: When to max out 401k (Aspiring Early Retiree)
Replies: 89
Views: 5183

Re: When to max out 401k (Aspiring Early Retiree)

Thinking about saving for retirement and other goals in your 20s is great, but you are just starting out as a real adult. You have marriage, children probably, your own home, and whatever else would make a fulfilling adult life ahead of you. If your top goal now is to retire at 50 I think you shoul...
by PhysicsTeacher
Thu Jul 13, 2017 3:54 pm
Forum: Investing - Theory, News & General
Topic: % bogleheads of overall population
Replies: 82
Views: 10697

Re: % bogleheads of overall population

Some bogleheads cannot contribute that much. I can't. Agreed! Although this forum skews to high income earners, it is entirely possible to follow Boglehead principles on a moderate income. I make $38k per year. My husband recently got a raise to $22 per hour. I have mandatory pension contributions,...
by PhysicsTeacher
Tue Jul 11, 2017 7:37 pm
Forum: Personal Consumer Issues
Topic: Family member fleecing Alzheimers victim
Replies: 26
Views: 4974

Re: Family member fleecing Alzheimers victim

You or your mother should seriously consider seeking legal guardianship of your stepfather. While a durable power of attorney grants you permission to act on your stepfather's behalf, it does not, as far as I know, prevent him from taking any actions he sees fit, including giving money or sensitive ...
by PhysicsTeacher
Sat Jul 01, 2017 2:26 pm
Forum: Personal Consumer Issues
Topic: Bogleheads: you should be buying 10-year old cars
Replies: 173
Views: 14052

Re: Bogleheads: you should be buying 10-year old cars

I'd much prefer buying newer econobox instead of an older used car that cost $32k new. We recently replaced a 2002 Ford Taurus with a 2013 Mazda 2 and have a 2011 Nissan Versa. We get to enjoy relatively new, reliable vehicles that we know are being properly maintained, and we're likely to keep thes...
by PhysicsTeacher
Sat Jul 01, 2017 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Did you get in on US Individual Retirement Bonds
Replies: 9
Views: 1891

Re: Did you get in on US Individual Retirement Bonds

I was born in 1986 so this is the first time I've heard of such a thing.
by PhysicsTeacher
Fri Jun 30, 2017 4:59 pm
Forum: Personal Consumer Issues
Topic: Please suggest a $6K-$8K car
Replies: 22
Views: 1980

Re: Please suggest a $6K-$8K car

Pontiac vibe is a good option with a hatch-back. Basically has a Toyota engine but Pontiac price I am new to US, never heard of that car before! Where it is being manufactured? and what year do you recommend? Consumer Reports has 2007-2010 Pontiac Vibes on their list of reccomended used cars in the...
by PhysicsTeacher
Thu Jun 29, 2017 9:04 pm
Forum: Personal Consumer Issues
Topic: How did you handle the costs of your child's wedding?
Replies: 170
Views: 13078

Re: How did you handle the costs of your child's wedding?

I don't have kids but got married in 2014 at the age of 27. There were a total of 13 people in attendance, and the ceremony and reception took place in the private room at a local restaurant. A dear friend officiated. My husband's sister and her wife supplied champagne as a wedding present. My husba...
by PhysicsTeacher
Mon Jun 12, 2017 8:24 pm
Forum: Personal Consumer Issues
Topic: Have you canceled cable?
Replies: 90
Views: 6574

Re: Have you canceled cable?

I've only ever had cable television when living with roommates who wanted it. We have an inexpensive amplified antenna that attaches to a window with suction cups for local broadcast stations. We've had Netflix for many years, and a family member shares Amazon Prime with us. I recently added Hulu to...
by PhysicsTeacher
Mon Jun 12, 2017 10:12 am
Forum: Personal Consumer Issues
Topic: which IPAD?
Replies: 48
Views: 4010

Re: which IPAD?

I'll throw in another vote for seriously considering an Apple refurb, whichever model you choose.
by PhysicsTeacher
Sun Jun 11, 2017 12:11 pm
Forum: Personal Consumer Issues
Topic: Should I keep this Fire 7 tablet?
Replies: 3
Views: 476

Should I keep this Fire 7 tablet?

My generous aunt sent me a Fire 7 for my birthday, along with a note saying she gets a lot of use out of hers but to feel free to exchange it for something else if I'd prefer. I currently have a 4th gen iPad that I thoroughly enjoy. I could: 1. Keep the Fire 7 for my own use. I suppose it might be n...
by PhysicsTeacher
Sun May 28, 2017 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: High School Graduation Gifts
Replies: 21
Views: 2315

Re: High School Graduation Gifts

I gave first aid kits and copies of The Only Investment Guide You'll Ever Need to my graduating students this year in a final attempt to equip them for adulthood. I also gave one student, who is homeless, a set of twin xl sheets and a towel for his dorm. I gave a friend's daughter whom I used to tut...
by PhysicsTeacher
Tue May 23, 2017 10:33 pm
Forum: Personal Consumer Issues
Topic: Help choose company service gift [choice made!]
Replies: 32
Views: 2627

Re: Help choose company service gift

I vote for the iPad. It is a very nice gadget for internet browsing and enjoying ebooks and magazines from the library. It has become my computer of choice for recreational uses.
by PhysicsTeacher
Mon Apr 17, 2017 10:25 pm
Forum: Personal Consumer Issues
Topic: Budget multitool knife
Replies: 24
Views: 2478

Re: Budget multitool knife

A Leatherman Rev is my daily companion. It doesn't have the finesse or bells and whistles of some of their more expensive models, but for me it hits the sweet spot of good quality and functionality at a reasonable ($30ish) price point.
by PhysicsTeacher
Sun Apr 02, 2017 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Low-earners- What is your profession?
Replies: 262
Views: 26769

Re: Low-earners- What is your profession?

In my everyday life I don't feel that my husband and I are low earners, but on the Bogleheads we qualify as such. I teach physical science, chemistry, AP chemistry, and physics in a tiny, high poverty rural high school. My husband is a journeyman electrician. Our combined annual gross income is in t...
by PhysicsTeacher
Sun Mar 19, 2017 2:44 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard bank account authorization for joint brokerage account
Replies: 9
Views: 684

Re: Vanguard bank account authorization for joint brokerage account

Account maintenance --> Bank information --> Add a new bank --> a simple form, then the usual micro-deposit and verify process. Last step takes a couple of days, but then your account is connected. It's an extremely simple straightforward process, and all online. Is that the process even if the acc...
by PhysicsTeacher
Sun Mar 19, 2017 2:34 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard bank account authorization for joint brokerage account
Replies: 9
Views: 684

Re: Vanguard bank account authorization for joint brokerage account

Have you used your login to log into the joint account and approve the bank connection? I seem to recall that is what my wife had to do. When I log in, there is no indication that there is anything for me to approve. I'm certain he needs to do something to make a request so that I can approve it, b...
by PhysicsTeacher
Sun Mar 19, 2017 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard bank account authorization for joint brokerage account
Replies: 9
Views: 684

Vanguard bank account authorization for joint brokerage account

How do you request authorization to transact with a given bank account from a joint account holder for a brokerage account at Vanguard? My DH wants to buy some VTSMX in our taxable account using funds from a credit union account that he has used in the past for Roth contributions. Vanguard won't all...
by PhysicsTeacher
Mon Jan 30, 2017 11:07 pm
Forum: Personal Consumer Issues
Topic: Fire extinguishers
Replies: 45
Views: 2940

Re: Fire extinguishers

We have one ABC extinguisher upstairs and one downstairs, plus a BC extinguisher in the kitchen. We also have a mix of ionization and photoelectric type smoke detectors throughout our townhouse. It's relatively cheap for the peace of mind.
by PhysicsTeacher
Tue Jan 03, 2017 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Book recommendation for teen
Replies: 15
Views: 986

Re: Book recommendation for teen

My dad offered me his copy of The Only Investment Guide You'll Ever Need by Andrew Tobias when I was in junior high. It covers personal finanace basics like budgeting and insurance as well as being a great introduction to investing. While it isn't specifically targeted at teens, I found it to be an ...
by PhysicsTeacher
Thu Dec 29, 2016 12:00 pm
Forum: Investing - Help with Personal Investments
Topic: What a exactly is a "separate account" in the context of a fund in a 401(k)?
Replies: 18
Views: 1301

Re: What a exactly is a "separate account" in the context of a fund in a 401(k)?

What the original poster has is a Variable Annuity. When he discussed a 1.25% mortality and risk expense, that was a dead giveaway. The insurance company by using units rather than shares is trying to hide the extra fees that it charges. Why on earth would an index fund cost 0.72%? I think at this ...
by PhysicsTeacher
Thu Dec 29, 2016 3:48 am
Forum: Investing - Help with Personal Investments
Topic: What a exactly is a "separate account" in the context of a fund in a 401(k)?
Replies: 18
Views: 1301

Re: What a exactly is a "separate account" in the context of a fund in a 401(k)?

It looks like Arkansas school district employees are able to use the state 457 plan. This website lists a 457 plan with VOYA and a 403b plan with TIAA that can be used by school districts. m The Arkansas Diamond Deferred Compensation Plan is a 457 that has the 3 basic Vanguard index funds that you ...
by PhysicsTeacher
Wed Dec 28, 2016 11:41 pm
Forum: Investing - Help with Personal Investments
Topic: What a exactly is a "separate account" in the context of a fund in a 401(k)?
Replies: 18
Views: 1301

Re: What a exactly is a "separate account" in the context of a fund in a 401(k)?

PhysicsTeacher, do you have access to a 403b plan? If so, it's possible that funding a low-cost 403b plan would be better than using DH's high-cost 401k. If you are a K-12 employee, you probably have a list of providers that you could use. You also might have a good 457 plan available. What state a...
by PhysicsTeacher
Wed Dec 28, 2016 5:38 pm
Forum: Investing - Help with Personal Investments
Topic: What a exactly is a "separate account" in the context of a fund in a 401(k)?
Replies: 18
Views: 1301

What a exactly is a "separate account" in the context of a fund in a 401(k)?

My husband and I have been maxing both of our Roth IRAs, increasing our second tier emergency fund of I bonds, and saving for a downpayment for our eventual first house. Now that we've gotten those areas of our finances squared away, DH has decided at long last to begin contributing to his 401(k) pl...
by PhysicsTeacher
Mon Dec 26, 2016 11:32 pm
Forum: Investing - Theory, News & General
Topic: Picking Individual Stocks Is Dangerous
Replies: 58
Views: 6260

Re: Picking Individual Stocks Is Dangerous

Taylor, thank you for this timely reminder! After reading this month's Kiplinger's from my local library and chatting with my brother who has had some short term successes with individual stocks, I was tempted to set aside a small amount of "play money" and dabble myself. Instead, I will s...
by PhysicsTeacher
Mon Dec 19, 2016 10:29 am
Forum: Investing - Help with Personal Investments
Topic: Book Suggestions for Son
Replies: 8
Views: 720

Re: Book Suggestions for Son

If You Can and A Random Walk Down Wall Street are both excellent, but my personal favorite for a beginning investor is The Only Investment Guide You'll Ever Need by Andrew Tobias. It's concise enough to avoid being overwhelming while comprehensive enough that, for many, it may actually be the only ...
by PhysicsTeacher
Sun Dec 18, 2016 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Ally Bank 1.25% 11 month with no EWP
Replies: 111
Views: 15046

Re: Ally Bank 1.25% 11 month with no EWP

Thanks for the heads up! We're going to move part of our house down payment fund to an Ally cd today. We aren't planning to buy in the next year but wouldn't rule it out if the right deal came along so no EWP makes this a great fit for us.
by PhysicsTeacher
Sun Dec 11, 2016 10:56 am
Forum: Personal Consumer Issues
Topic: Warning: BH may be hazardous to your financial health
Replies: 63
Views: 10740

Re: Warning: BH may be hazardous to your financial health

I bought a Sonicare after seeing them recommended repeatedly on the sorts of threads you mention. I got a Series 2 for $30, and it does seem to result in cleaner teeth than the $6 battery-powered Oral B brush I was using previously so I like it. It could turn out to be a frivolous indulgence or save...
by PhysicsTeacher
Mon Nov 14, 2016 5:07 pm
Forum: Investing - Help with Personal Investments
Topic: Book recommendation to new investors
Replies: 11
Views: 1245

Re: Book recommendation to new investors

The Only Investment Guide You"ll Ever Need. Andrew Tobias Check the library. Preview m Seconded. While it might not actually be the only guide you'll ever want to read, it has ample information to get you started without being overwhelming. Mr. Tobias also has a witty and entertaining writing ...
by PhysicsTeacher
Sun Oct 09, 2016 10:17 am
Forum: Personal Consumer Issues
Topic: Best budget Waterpik?
Replies: 13
Views: 1537

Best budget Waterpik?

I'm working on improving my oral hygiene and recently upgraded from a $6 battery-powered Oral B 3D White toothbrush to a Sonicare Series 2. I am now contemplating getting a Waterpik as well. It appears that they sell for anywhere from $35 to $100; I'd like to spend as little as possible while still ...
by PhysicsTeacher
Sun Sep 25, 2016 7:21 pm
Forum: Personal Consumer Issues
Topic: The Bogleheads' "100 Things Worth Every Penny" List
Replies: 275
Views: 41546

Re: The Bogleheads' "100 Things Worth Every Penny" List

Health insurance and co-pays for check ups with my oncologist Cats Teva sandals Dr. Scholl's Gel Work Insoles Leatherman Rev L.L. Bean flannel nightgown Queen size memory foam mattress Latex pillows 100% cotton high thread count sheets Apple certified refurbished iPad High speed internet access Netf...
by PhysicsTeacher
Sun Sep 11, 2016 6:14 pm
Forum: Personal Consumer Issues
Topic: How much is your cell phone bill?
Replies: 263
Views: 28115

Re: How much is your cell phone bill?

Carrier: Republic Wireless Number of lines: 1 Unlimited calling minutes and texts 3G Data: Up to 0.5 GB Monthly cost: base price is $17.50 plus $2.86 in taxes, but under my current plan they refund the price of unused data. My total monthly bill has ranged from $13.30 to $18.58. They've recently cha...
by PhysicsTeacher
Sat Aug 20, 2016 8:55 pm
Forum: Investing - Theory, News & General
Topic: Is there a such thing as a blue collar Boglehead?
Replies: 206
Views: 25436

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

DH is a journeyman electrician, albeit one with a math degree and a non blue collar background. (His parents are a pharmacist and an attorney.) Nonetheless, his job involves heavy physical labor for $20/hour, so I suppose he qualifies. As others in this thread have mentioned, that sort of job isn't ...
by PhysicsTeacher
Sat Jul 23, 2016 8:21 pm
Forum: Investing - Help with Personal Investments
Topic: Starting Retirement Investing
Replies: 12
Views: 1240

Re: Starting Retirement Investing

I told him to write down on paper what would be included in his emergency fund along with the amount. I mentioned that I would like to sit down with him and review it to see what should and should not be included. Being that he lives at home and has no car payment, the only expenses he should have ...
by PhysicsTeacher
Sat Jul 23, 2016 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement, House, Kids - How to afford all three?
Replies: 61
Views: 6068

Re: Retirement, House, Kids - How to afford all three?

Note that I do not currently put $1,374/month into my 401k, but rather $916. The increase would be to compensate for the fact that my wife would have to stop putting $458 into her Roth IRA, given that she'd have no income. Even increasing my 401k contribution by $458/month wouldn't truly compensate...
by PhysicsTeacher
Sat Jul 23, 2016 4:57 pm
Forum: Investing - Help with Personal Investments
Topic: Starting Retirement Investing
Replies: 12
Views: 1240

Re: Starting Retirement Investing

If contributing 3% of his salary gets him the full employer match, I'd urge your brother to limit his 401(k) contributions to that until he has amassed at least three months living expenses in his emergency fund. You might consider steering your brother toward a MyRA. This U.S. Treasury program woul...
by PhysicsTeacher
Sat Jul 23, 2016 11:27 am
Forum: Investing - Help with Personal Investments
Topic: I just rebalanced my 401k and Roth IRA. 100% VTTHX. Did I mess up?
Replies: 5
Views: 571

Re: I just rebalanced my 401k and Roth IRA. 100% VTTHX. Did I mess up?

If you are looking for an approximately 80:20 equity to bond ratio and want a glide path to lower equity exposure with age, you've made an excellent choice. While you haven't provided enough information to assess whether you've made the optimal choice for your exact life circumstances, you are well ...
by PhysicsTeacher
Thu May 12, 2016 5:46 pm
Forum: Investing - Help with Personal Investments
Topic: Starting over - Could use advise
Replies: 12
Views: 2507

Re: Starting over - Could use advise

Rates on "high yield savings accounts" aren't stellar these days, but anything is better than losing money to a monthly fee. An online savings account with Capital One 360 pays 0.75% APY. FNBO Direct pays 0.95%, and I've had excellent experiences with their customer service. Ally Bank pays...
by PhysicsTeacher
Sat May 07, 2016 9:48 am
Forum: Personal Consumer Issues
Topic: how much cash do you carry in your wallet?
Replies: 152
Views: 19097

Re: how much cash do you carry in your wallet?

Anywhere from $10 to $200. While I mostly use my credit card for the rewards and ease of record keeping, I prefer to keep a bit of cash available at all times. A few years ago when my husband and I were with a group of friends, I ended up buying movie tickets for most of the people we were with beca...