Search found 630 matches

by TSR
Fri Feb 16, 2018 2:32 pm
Forum: Personal Consumer Issues
Topic: Should I be paying $1300/yr. for under/uninsured motorist protection?
Replies: 70
Views: 3508

Re: Should I be paying $1300/yr. for under/uninsured motorist protection?

Consider that there are approximately 12.5 million undocumented immigrants in this country, the laws of most states do not allow undocumented immigrants to get drivers licenses, and thus most such undocumented immigrants cannot get insurance. So that's maybe three or four out of every 100 drivers i...
by TSR
Fri Feb 16, 2018 12:43 pm
Forum: Personal Consumer Issues
Topic: Should I be paying $1300/yr. for under/uninsured motorist protection?
Replies: 70
Views: 3508

Re: Should I be paying $1300/yr. for under/uninsured motorist protection?

First, your coverage costs way too much. This should add at most $100/year/driver, unless your situation is very unusual. Second, I'm a lawyer. This coverage is very important for everyone, everywhere. Let's say you have a passenger in your car, and that passenger is permanently disabled in an accid...
by TSR
Wed Feb 14, 2018 6:04 pm
Forum: Personal Consumer Issues
Topic: Question for music experts about musical keys
Replies: 71
Views: 3745

Re: Question for music experts about musical keys

I haven't seen this answer yet, so forgive me if I'm covering old ground. Piano players are more comfortable playing in flat keys than sharp keys, so you get a lot of jazz and classical in F, Bb, Eb, Ab, and all of their relative minors. These just tend to be easier hand positions than the sharp key...
by TSR
Tue Feb 13, 2018 2:18 pm
Forum: Personal Consumer Issues
Topic: Help me help my niece (College costs, financial aid, etc)
Replies: 41
Views: 2446

Re: Help me help my niece (College costs, financial aid, etc)

I am helping my niece get ready for college and we got some good news. She was accepted to a school and offered 20k in scholarships from the school. The bad news is the school is more than 50k a year. The wild card is that she is eligible for another scholarship but it is for an undetermined amount...
by TSR
Tue Feb 13, 2018 11:09 am
Forum: Investing - Help with Personal Investments
Topic: Three Fund Portfolio Excluding TSP?
Replies: 12
Views: 1045

Re: Three Fund Portfolio Excluding TSP?

I have 100% of my TSP in L2040. I maintain a separate three-fund portfolio in my Fidelity Roth that roughly matches that allocation. It's super easy. I think that's the best course of action for you. One reason I think this that is not directly responsive to your question, is that I think it's good ...
by TSR
Thu Feb 08, 2018 4:37 pm
Forum: Personal Consumer Issues
Topic: Rolex
Replies: 45
Views: 4602

Re: Rolex

I recently purchased a used watch from https://davidsw.com/. The transaction was exceptionally smooth, and I couldn't recommend him more. Best of luck.
by TSR
Thu Feb 08, 2018 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Tenants want to break lease early and is pregnant
Replies: 105
Views: 8582

Re: Tenants want to break lease early and is pregnant

My inclination is to have them pay or (if you allow) find subletters. If they gave enough notice that you can find new tenants, I'd let them off the hook though. I really doubt subletting is possible/practical for just the 1-2 months. It's common around here to start with a sublet and roll over int...
by TSR
Fri Feb 02, 2018 3:15 pm
Forum: Personal Consumer Issues
Topic: Best Movies of 2017
Replies: 35
Views: 2927

Re: Best Movies of 2017

If you have not seen Logan (again, not the same as Logan Lucky, which is also good), do yourself a favor and check that out (some tolerance for violence needed). A lot of people think it was snubbed on Best Picture and two acting nominations. In addition to that, I'd agree with you on Florida Projec...
by TSR
Fri Feb 02, 2018 2:23 pm
Forum: Personal Consumer Issues
Topic: Substitute for taking a shower?
Replies: 64
Views: 6535

Re: Substitute for taking a shower?

I imagine that this is obvious to you already, but for that length of trip there is absolutely no need for anyone to wash their hair, which should cut down on shower times. Americans tend to shampoo way too often. Have fun!
by TSR
Fri Feb 02, 2018 11:47 am
Forum: Investing - Help with Personal Investments
Topic: What advice would you give yourself if you were 27 again?
Replies: 120
Views: 7560

Re: What advice would you give yourself if you were 27 again?

To answer your specific questions: 1. If I were you I would do three things in your TSP (I'm a fed employee too, for what it's worth). First, go all in on the L2050 fund. This stops your urge to tinker, gives you a little (very little) bond exposure, and will evolve with you over time. Second, go a...
by TSR
Fri Feb 02, 2018 10:39 am
Forum: Investing - Help with Personal Investments
Topic: What advice would you give yourself if you were 27 again?
Replies: 120
Views: 7560

Re: What advice would you give yourself if you were 27 again?

To answer your specific questions: 1. If I were you I would do three things in your TSP (I'm a fed employee too, for what it's worth). First, go all in on the L2050 fund. This stops your urge to tinker, gives you a little (very little) bond exposure, and will evolve with you over time. Second, go al...
by TSR
Fri Jan 26, 2018 4:31 pm
Forum: Investing - Theory, News & General
Topic: When did the bad news start in 2008?
Replies: 135
Views: 12610

Re: When did the bad news start in 2008?

Your question is an interesting one but also an impossible one to answer. Actually impossible. That is because one of the most profound behavioral economic fallacies is hindsight bias. Anyone can go back and say "this is when I knew," but that will necessarily be based on what we know now. Anyone ca...
by TSR
Fri Jan 26, 2018 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Accountant Recommends doing Whole Life Insurance
Replies: 64
Views: 5008

Re: Accountant Recommends doing Whole Life Insurance

My accountant recommended me open whole life insurance to save on taxes, this is an advisable strategy? Everything on Bogleheads suggests it's not... Any insight or advice on why he might of recommended it would be helpful. Currently 28, Single, California, 750K 2017 Income (W2/K1). You've asked tw...
by TSR
Wed Jan 24, 2018 11:11 am
Forum: Investing - Help with Personal Investments
Topic: am I crazy to do a lump sum investment with my entire retirement in this current stock market?
Replies: 47
Views: 5803

Re: am I crazy to do a lump sum investment with my entire retirement in this current stock market?

At your age, I think you guys should be at around 70/30 stocks/bonds (but only you can make this determination). I have no crystal ball regarding the stock market, but I think it is pretty plausible that there will be a major correction within the next couple of years. Why don't you just put all of ...
by TSR
Fri Jan 19, 2018 12:35 pm
Forum: Personal Consumer Issues
Topic: Learning Swimming @ 40+
Replies: 37
Views: 1824

Re: Learning Swimming @ 40+

I swim a couple times a weak at my local YMCA. Very often I will see adult beginners taking swim lessons. I mention this for two reasons. First, the local YMCA is very used to such requests and is a great resource -- if they don't have the lessons you need, they will point you in the right direction...
by TSR
Thu Jan 18, 2018 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Take a 401k Loan?
Replies: 43
Views: 2159

Re: Take a 401k Loan?

• Borrowed funds are taxed twice. You earn and pay taxes on wages and use those after-tax funds to repay the loan. During retirement, you again pay taxes, this time on withdrawn funds. If you're in the 25% federal tax bracket, twice the tax is extremely expensive. This is a myth that has been debun...
by TSR
Thu Jan 18, 2018 3:54 pm
Forum: Personal Consumer Issues
Topic: I got a Roomba and think you should too
Replies: 41
Views: 3680

Re: I got a Roomba and think you should too

I received a (an?) Eufy 11 for Christmas. I was skeptical because I have one area of high-pile carpet and a lot fairly serious humps in doors between rooms. I've loved having it. It is VERY dumb, and it has problems with the randomness. But I run it on a program every day while I'm away, and if it d...
by TSR
Thu Jan 18, 2018 10:56 am
Forum: Investing - Theory, News & General
Topic: TSP's F Fund outperforms the G Fund, so why is the G Fund favored?
Replies: 34
Views: 2348

Re: TSP's F Fund outperforms the G Fund, so why is the G Fund favored?

Others have covered the reasons the G Fund is often favored (or not -- I just use the L funds and let them allocate the difference between the two), so I won't wade in too much. But if you have half a million dollars in the G Fund, it sounds like you've made a pretty deliberate choice about it. Is t...
by TSR
Wed Jan 17, 2018 11:15 am
Forum: Investing - Help with Personal Investments
Topic: 23 Years Old, Uncomfortable with Target Date Funds
Replies: 19
Views: 2166

Re: 23 Years Old, Uncomfortable with Target Date Funds

Just one more vote for keeping the target-date fund. You are underestimating the value of simplicity while overestimating your own investment temperament. Not that you're "bad" at this, just that at 23 you don't know how good you are at it (I'm 39 and don't really know). I have a target-date fund in...
by TSR
Fri Jan 12, 2018 1:04 pm
Forum: Personal Consumer Issues
Topic: Almost a pathological fear of debt, to my detriment?
Replies: 79
Views: 4691

Re: Almost a pathological fear of debt, to my detriment?

There's another phenomenon that I tend to have, which is not so much fear of debt as it is annoyance with the idea of having another payment in my life. For me, there is significant value in paying off a relatively low-priced obligation (your car note, for example) in order to get another monthly pa...
by TSR
Tue Jan 09, 2018 5:27 pm
Forum: Personal Consumer Issues
Topic: Men's no iron dress shirt recommendations
Replies: 66
Views: 4143

Re: Men's no iron dress shirt recommendations

I want to make sure you're using the Jos. Banks Traveler line and not some of the other lines that they call "wrinkle free." The traveler shirts last me a LONG time and keep their "no iron" status. The other ones not so much. Best of luck though -- if you find something great I hope you'll tell us.
by TSR
Mon Jan 08, 2018 10:51 am
Forum: Investing - Help with Personal Investments
Topic: Investing Inheritance
Replies: 6
Views: 580

Re: Investing Inheritance

Condolences on the loss. The most glaring thing in your whole post is that you only have 5% contributions to your 401ks. How close is that getting you both to maxing out? I'd earmark a good chunk of this money to curing that problem -- your return on not paying taxes on those dollars is too good to ...
by TSR
Wed Jan 03, 2018 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Two vastly different career considerations...Stability vs. Income
Replies: 67
Views: 4582

Re: Two vastly different career considerations...Stability vs. Income

As a fed employee, I vote Job A any day of the week and twice on Sunday. But that's a personality issue for me -- I don't like constant striving. I'd rather just be good at something and do it. There is also a major economy risk in a sales job, and the fact that your friend has been there only for y...
by TSR
Tue Dec 19, 2017 1:51 pm
Forum: Personal Consumer Issues
Topic: Does a State job make it easier to get a FED job?
Replies: 10
Views: 1111

Re: Does a State job make it easier to get a FED job?

Sometimes. There is a lot of cross-over in skills in something like the Judiciary. If you're a legal secretary for a state DA, that would be highly relevant if you're applying for a similar position in a US Attorney's Office (same for court clerks or some attorneys). I'd imagine the same is true if ...
by TSR
Tue Dec 19, 2017 1:45 pm
Forum: Investing - Help with Personal Investments
Topic: I bonds: Should I put money on I bonds rather than keep them in a savings account
Replies: 26
Views: 3469

Re: I bonds: Should I put money on I bonds rather than keep them in a savings account

I do not own I Bonds, in part because I understand that working through Treasury Direct is a total nightmare. You can do a quick search of this site to find dozens of threads on the subject. For relatively short term savings goals like yours (not what they are really made for), I would be real temp...
by TSR
Mon Dec 18, 2017 2:38 pm
Forum: Investing - Help with Personal Investments
Topic: I bonds: Should I put money on I bonds rather than keep them in a savings account
Replies: 26
Views: 3469

Re: I bonds: Should I put money on I bonds rather than keep them in a savings account

I do not own I Bonds, in part because I understand that working through Treasury Direct is a total nightmare. You can do a quick search of this site to find dozens of threads on the subject. For relatively short term savings goals like yours (not what they are really made for), I would be real temp...
by TSR
Mon Dec 18, 2017 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: I bonds: Should I put money on I bonds rather than keep them in a savings account
Replies: 26
Views: 3469

Re: I bonds: Should I put money on I bonds rather than keep them in a savings account

I do not own I Bonds, in part because I understand that working through Treasury Direct is a total nightmare. You can do a quick search of this site to find dozens of threads on the subject. For relatively short term savings goals like yours (not what they are really made for), I would be real temp...
by TSR
Mon Dec 18, 2017 11:35 am
Forum: Personal Consumer Issues
Topic: Spending on myself, am I off base here?
Replies: 104
Views: 5879

Re: Spending on myself, am I off base here?

One way I justify purchases like these is that you are buying a fairly solid-state thing that has legitimate collector value and doesn't get too much wear and tear. In other words, unlike a really fancy suit or a highly depreciating car, you can sell this thing later and only lose transaction costs ...
by TSR
Mon Dec 18, 2017 11:30 am
Forum: Investing - Help with Personal Investments
Topic: I bonds: Should I put money on I bonds rather than keep them in a savings account
Replies: 26
Views: 3469

Re: I bonds: Should I put money on I bonds rather than keep them in a savings account

I do not own I Bonds, in part because I understand that working through Treasury Direct is a total nightmare. You can do a quick search of this site to find dozens of threads on the subject. For relatively short term savings goals like yours (not what they are really made for), I would be real tempt...
by TSR
Mon Dec 18, 2017 11:21 am
Forum: Personal Consumer Issues
Topic: Spending on myself, am I off base here?
Replies: 104
Views: 5879

Re: Spending on myself, am I off base here?

If this is the whole story, then she is being unreasonable, largely because of her hang-ups with money. You both make a lot of money and you rarely spend it. Now you would like to enjoy the fruits of your labor. On the other hand, she may see something in you that is a legitimate (or illegitimate) t...
by TSR
Fri Dec 15, 2017 6:10 pm
Forum: Investing - Theory, News & General
Topic: No Silver Bullets: 8 Ideas for Financial Planning in a Low-Return Environment
Replies: 8
Views: 1682

Re: No Silver Bullets: 8 Ideas for Financial Planning in a Low-Return Environment

Did anyone else have the same feeling I had? Like the adolescent at the convenience store, "one loaf of bread, one quart of milk, one copy of Playboy ..." in this case, one reduced fees, one increased savings, one Weird Portfolio? No real response to your broader point other than to say that --- rh...
by TSR
Fri Dec 15, 2017 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Two commas, I'm calling it
Replies: 20
Views: 4709

Re: Two commas, I'm calling it

Congrats!
by TSR
Fri Dec 15, 2017 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Student Loans vs 401K
Replies: 11
Views: 794

Re: Student Loans vs 401K

I agree with everyone else that it's hard to beat a 39% tax return on the 401k, but I agree also that the emergency fund is very important in your case. What I don't understand is how you got to a place where you're a highly compensated employee but there's absolutely no wiggle room between your sav...
by TSR
Tue Dec 12, 2017 10:46 am
Forum: Investing - Help with Personal Investments
Topic: What to do after losing $117k in stock market?
Replies: 156
Views: 17125

Re: What to do after losing $117k in stock market?

Ten years ago, I lost $210K while still in school (student loans and credit cards). My suggestion would be to contribute to tax advantaged accounts up to the limit, then put the rest toward student loans. It is nice feeling to see declining loan balances. It provides a sense of accomplishment that ...
by TSR
Tue Nov 28, 2017 12:24 pm
Forum: Personal Consumer Issues
Topic: How Do You Stay Current With Music?
Replies: 111
Views: 5666

Re: How Do You Stay Current With Popular Music?

Paste. AV Club (avclub.com). Pitchfork.

I try to read up, then go to Spotify to listen. Very rewarding. Good luck!
by TSR
Tue Nov 28, 2017 12:23 pm
Forum: Investing - Help with Personal Investments
Topic: New TSP Investing Strategy
Replies: 18
Views: 2111

Re: New TSP Investing Strategy

I think the difference in expense ratio here is between ~.038% and ~.05%. That would not be enough to make me try to make changes. Thanks for your reply, but could you explain what you mean? Apologies -- I misread. I thought by "price" you were referring to the expense ratios. (There is a tiny diff...
by TSR
Tue Nov 28, 2017 12:04 pm
Forum: Investing - Help with Personal Investments
Topic: New TSP Investing Strategy
Replies: 18
Views: 2111

Re: New TSP Investing Strategy

I think the difference in expense ratio here is between ~.038% and ~.05%. That would not be enough to make me try to make changes.
by TSR
Fri Nov 17, 2017 3:12 pm
Forum: Personal Consumer Issues
Topic: My dad's army jacket
Replies: 76
Views: 6347

Re: My dad's army jacket

Not a service member. I think it's a very cute jacket and I think you should wear it and tell everyone who asks all about your dad. Others have given advice about the patches, and I'd respect their thoughts more than mine. I'd guess that 98% of jackets like these have ended up in the garbage. I thin...
by TSR
Thu Nov 09, 2017 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Strategy for repaying wife's law school loans
Replies: 23
Views: 2212

Re: Strategy for repaying wife's law school loans

The main reason why I'm hesitant to refinance is that she wouldn't be eligible for the repayment assistance from her school any more, as they only provide assistance for federal loans. I'm assuming that if we refinanced, she'd no longer be eligible. :annoyed I missed this part. Sorry. That is lousy...
by TSR
Thu Nov 09, 2017 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Strategy for repaying wife's law school loans
Replies: 23
Views: 2212

Re: Strategy for repaying wife's law school loans

First, don't get overwhelmed. You guys are doing fine financially right now. You're lucky to have what sound like good jobs, and she's lucky to be getting loan forgiveness from her law school (my school cut that off at like $40,000, which is terrible). A lot of people are so against debt that they s...
by TSR
Thu Nov 02, 2017 9:47 am
Forum: Personal Consumer Issues
Topic: Do you Mow your own Lawn?
Replies: 90
Views: 3491

Re: Do you Mow your own Lawn?

Yes. Relatively small, flat lawn with few trees in the way. I use a plug-in mower with a decently long extension cord and I love it over the alternatives.
by TSR
Wed Nov 01, 2017 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Federal Employees: BCBS Basic or GEHA HDHP Health Insurance?
Replies: 65
Views: 20979

Re: Federal Employees: BCBS Basic or GEHA HDHP Health Insurance?

My family of 5 consists of two 3 year old twins, 8 year old boy, wife, and myself. We've used BCBS for years, but they are no longer going to pay for my oldest sons asthma medication forcing us to use a generic which doesn't work as well. We could pay retail prices, but I wanted to check around. GE...
by TSR
Mon Oct 30, 2017 5:02 pm
Forum: Investing - Help with Personal Investments
Topic: Hit 2 comma milestone in portfolio thinking of increasing bonds drastically
Replies: 23
Views: 2839

Re: Hit 2 comma milestone in portfolio thinking of increasing bonds drastically

I tend to think that the scale goes something like this: Age in bonds -- conservative Age minus ten -- middle of the road What you've got -- aggressive (and more akin to what most target-date funds do today) Given your sense that you've more or less "won the game," I'd be real tempted to at least si...
by TSR
Tue Oct 24, 2017 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Student Loan: To Pay or Not to Pay: That is the Question
Replies: 32
Views: 3317

Re: Student Loan: To Pay or Not to Pay: That is the Question

Thanks for all the feedback. Couple of answers and comments. 1. ESPP is post-tax investment. Subject to capital gains taxes. 2. Unable to deduct the interest (I believe) at this point, b/c it is a private loan and I've been paying on it since 2007 (grad school loan). 3. The $160K represents a fair ...
by TSR
Fri Oct 06, 2017 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Student loan/investing advice
Replies: 5
Views: 490

Re: Student loan/investing advice

Hold onto your cash. With the kids, a large emergency fund is good. You're doing great right now. The interest benefit of paying everything off now vs. paying it off in a few months is essentially nothing. It'll feel good, but then you'll feel like you're in debt to yourself and need to build up cas...
by TSR
Fri Oct 06, 2017 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Student Debt Advice
Replies: 17
Views: 1386

Re: Student Debt Advice

It's easy to feel like this is all a terrible emergency, and in some ways it is. But you're going to be ok. You're ahead of the game for thinking and caring about this stuff. There is no prize for winning the race to pay this off sooner than everyone else. That won't show that you are financially sm...
by TSR
Fri Oct 06, 2017 9:58 am
Forum: Personal Consumer Issues
Topic: Sent to collections by a hospital we've never been to?
Replies: 40
Views: 3891

Re: Sent to collections by a hospital we've never been to?

I'm not sure how relevant this is, but I once received an EOB from my insurance company for a procedure I never had from a provider in a state I'd never visited. I called and they said there was just a digit transposed in the policy number. The thought that you could get so far down the billing road...
by TSR
Mon Oct 02, 2017 4:23 pm
Forum: Personal Consumer Issues
Topic: On the video games path - how to set it up with younger kids
Replies: 36
Views: 2285

Re: On the video games path - how to set it up with younger kids

2. Unless the game is a gift for xmas or a birthday, you buy it yourself. Excellent suggestion. My brother and I are both very frugal, Boglehead type people as adults. But just about every financial lesson we learned before the age of 18 was video-game related. So many dumb choices, and many very g...
by TSR
Mon Oct 02, 2017 2:15 pm
Forum: Personal Consumer Issues
Topic: On the video games path - how to set it up with younger kids
Replies: 36
Views: 2285

Re: On the video games path - how to set it up with younger kids

By way of background: I enjoy video games, but I don't have kids. My brother enjoys video games and his son (8) does too. His daughter (6) likes to watch her brother play. Several thoughts based on this experience: 1. Video games are like anything else: they can be positive immersive experiences, or...