Search found 1056 matches

by Tamarind
Fri Jul 20, 2018 6:46 am
Forum: Personal Finance (Not Investing)
Topic: Buying A New House - Looking for Suggestions
Replies: 7
Views: 696

Re: Buying A New House - Looking for Suggestions

Your goals seem to be in the right order to me. Definitely pay off the last of the student loans before loading up on debt again. It's definitely a good idea to plan on selling your house first and then go look for your new one. Just rent, it'll be fine. What is it that's driving you to buy twice as...
by Tamarind
Fri Jul 20, 2018 6:29 am
Forum: Personal Finance (Not Investing)
Topic: Selling mom's house
Replies: 50
Views: 3635

Re: Selling mom's house

Sorry, that sounds like an awful situation. I'm sure your mother meant well but we get stories like this fairly often. If you and your siblings don't need the money from the sale, the fastest way out is to get the house appraised, gift your shares to your sister (quitclaim deed) and then refuse to e...
by Tamarind
Fri Jul 20, 2018 6:11 am
Forum: Personal Finance (Not Investing)
Topic: Transferring Money and Closing Bank Account
Replies: 12
Views: 908

Re: Transferring Money and Closing Bank Account

I'd just call or walk in. I did this recently by phone and the bank mailed me a regular check. If you're used to going in to the branch, get a cashier's check. NBD.
by Tamarind
Fri Jul 20, 2018 6:07 am
Forum: Investing - Help with Personal Investments
Topic: $800,000 Windfall. Love the 3-Fund portfolio approach. Wealth Managers in contact
Replies: 28
Views: 2420

Re: $800,000 Windfall. Love the 3-Fund portfolio approach. Wealth Managers in contact

Congrats on your windfall. I don't think you need a wealth manager, but if you want advice and someone to ask investment and market questions of (besides us), you could try Vanguard PAS. They work with people with much larger portfolios than yours, use the same basic 3-4 fund approach we'll recommen...
by Tamarind
Thu Jul 19, 2018 10:04 am
Forum: Personal Consumer Issues
Topic: Watch Collection Reasonable or Unreasonable or Irresponsible?
Replies: 94
Views: 3192

Re: Watch Collection Reasonable or Unreasonable or Irresponsible?

How would you feel if you talked to someone who had a similarly valued collection of something you weren't interested in.....say antique navigational tools, arcade cabinets, porcelain dolls, or designer shoes... What would you advise them to do, OP? It is certainly unreasonable to me to spend more o...
by Tamarind
Thu Jul 19, 2018 7:09 am
Forum: Personal Finance (Not Investing)
Topic: Reevaluating mortgage payoff strategy
Replies: 34
Views: 2963

Re: Reevaluating mortgage payoff strategy

It depends on what else you would do with the dollars you can no longer get into tax-advantaged accounts due to change #3. If this were me I'd probably add them to a taxable retirement account and not pay extra on the mortgage. But you certainly could pay it down. You can also do some of both. It do...
by Tamarind
Thu Jul 19, 2018 6:07 am
Forum: Investing - Help with Personal Investments
Topic: Heresy: Is It Worth Converting tIRAs to Roth?
Replies: 46
Views: 4249

Re: Heresy: Is It Worth Converting tIRAs to Roth?

Misattributing a quote is not unheard of in internet forums. Reading more into it than was ever intended is not unheard of either. Having a thick skin on the internet is a good way to maximize the helpful comments one might get from friendly volunteers. Thanks for the condescension. I've been on th...
by Tamarind
Wed Jul 18, 2018 8:17 am
Forum: Investing - Help with Personal Investments
Topic: How do you handle the urge to DO something?
Replies: 94
Views: 5532

Re: How do you handle the urge to DO something?

Remind yourself that research shows the more you fiddle with your investments, the worse you'll perform.

Then do something ELSE.
by Tamarind
Wed Jul 18, 2018 8:14 am
Forum: Investing - Help with Personal Investments
Topic: Newbie: 35 and I have no idea what I'm doing
Replies: 9
Views: 1393

Re: Newbie: 35 and I have no idea what I'm doing

You're actually in fine shape, OP. 1) You should sell the individual stocks as you are able to cover the gains (don't take more than 2-3 years at most to do this). 2) Don't contribute another dollar to 529 until your student loans are paid off. As you say, it won't be long. 3) You are probably payin...
by Tamarind
Wed Jul 18, 2018 5:57 am
Forum: Investing - Help with Personal Investments
Topic: Heresy: Is It Worth Converting tIRAs to Roth?
Replies: 46
Views: 4249

Re: Heresy: Is It Worth Converting tIRAs to Roth?

Look, you could get the best tax deal by having your husband stop work immediately so you have years of low income to convert. But you say he loves the job. Life is not about getting the absolute best tax rate. Let him know he can quit if he ever wants and prepare to pay taxes with equanimity, know...
by Tamarind
Wed Jul 18, 2018 5:50 am
Forum: Personal Consumer Issues
Topic: 35 minute connection for flight, long enough?
Replies: 65
Views: 3221

Re: 35 minute connection for flight, long enough?

I suggest you do direct to ORD. Yes they have closures but as a big busy northern airport they have the most experience handling bad weather with a minimum of fuss. I would not take a 35-minute connection in the north in winter unless I felt fine spending the night in airline-provided accommodations...
by Tamarind
Tue Jul 17, 2018 7:58 am
Forum: Personal Finance (Not Investing)
Topic: Anyone not have a Budget?
Replies: 114
Views: 6362

Re: Anyone not have a Budget?

I have an annual cash flow plan that helps me set up automatic savings and adjust when income changes. It also helps us forecast how much we can commit for near term spending (car replacement fund, vacation, savings for house projects). I use mint every couple of months to make sure we are on track....
by Tamarind
Mon Jul 16, 2018 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: $540 a month on food for graduate student budget too much?
Replies: 68
Views: 4556

Re: $540 a month on food for graduate student budget too much?

I prepare all my meals for the week on Sunday and pack everything with me during the work week. Good to hear that I am no longer the only Boglehead who does this. I have done it for close to 20yrs, including the past 5 for my (now) 4 member family. Saves an amazing amount of time and money. I under...
by Tamarind
Mon Jul 16, 2018 8:33 am
Forum: Personal Finance (Not Investing)
Topic: $540 a month on food for graduate student budget too much?
Replies: 68
Views: 4556

Re: $540 a month on food for graduate student budget too much?

You can eat the same things you are eating, or much better, for less. I spend about $300/person/month and food is a splurge category for us including lots of fancy fruit, veg, and meat.
by Tamarind
Mon Jul 16, 2018 7:43 am
Forum: Investing - Help with Personal Investments
Topic: Should I simplify my portfolio and switch from 3 fund to 2 fund portfolio?
Replies: 45
Views: 2046

Re: Should I simplify my portfolio and switch from 3 fund to 2 fund portfolio?

Instead of VTI (TSM) how about VT (Total World)? Then you can ignore the distinction between US and foreign income and own the whole haystack. Yes, I'm actually thinking of that. However, one thing I am wondering - won't having VT remove my advantage of buying low via rebalancing that I currently h...
by Tamarind
Mon Jul 16, 2018 6:29 am
Forum: Personal Finance (Not Investing)
Topic: For those of you who handle all the finances, how do you keep your spouse "in the know"
Replies: 107
Views: 12602

Re: For those of you who handle all the finances, how do you keep your spouse "in the know"

Wife is also a Boglehead and wouldn't have any problem taking over. But I do most of the daily and yearly maintenance work (ie adjusting withholding or telling her if a change in allocation of new 401k contributions is needed) because I enjoy minutia more. We have a shared Personal Capital account w...
by Tamarind
Mon Jul 16, 2018 6:25 am
Forum: Investing - Help with Personal Investments
Topic: Should I simplify my portfolio and switch from 3 fund to 2 fund portfolio?
Replies: 45
Views: 2046

Re: Should I simplify my portfolio and switch from 3 fund to 2 fund portfolio?

Instead of VTI (TSM) how about VT (Total World)? Then you can ignore the distinction between US and foreign income and own the whole haystack.
by Tamarind
Mon Jul 16, 2018 5:04 am
Forum: Investing - Help with Personal Investments
Topic: Grade my portfolio please, newbie here
Replies: 9
Views: 863

Re: Grade my portfolio please, newbie here

You're off to a great start and your overall strategy is sound. Re: where to put your bonds, you are indeed balancing tax-free growth in the Roth 401k money against taxes on bond fund dividends in taxable. The traditional wisdom is to put bonds in tax-deferred accounts, and this is usually more impo...
by Tamarind
Sun Jul 15, 2018 7:36 am
Forum: Personal Finance (Not Investing)
Topic: Cash out 401K
Replies: 15
Views: 1833

Re: Cash out 401K

The part time job beginning at age 66 (three years) will probably be about $800/month and social security at retirement 63.5 is $1525. I'm confused about this- SSA says delaying claiming SS until FRA age 66.5 increases to $1850 however if I retire at 63.5 and don't claim SS until age 66.5 ( live of...
by Tamarind
Sat Jul 14, 2018 8:25 am
Forum: Personal Consumer Issues
Topic: are mccormick gourmet spices better
Replies: 31
Views: 2081

Re: are mccormick gourmet spices better

Tdubs wrote:
Sat Jul 14, 2018 8:00 am
I find Penzy's over priced. Some of the mixes are interesting, but I buy from local ethnic markets. The price differences are astonishing.
This is fair and accurate.
by Tamarind
Sat Jul 14, 2018 7:26 am
Forum: Personal Consumer Issues
Topic: are mccormick gourmet spices better
Replies: 31
Views: 2081

Re: are mccormick gourmet spices better

Another recommendation for Penzey's: https://www.penzeys.com More generally, the best spices are whole spices that you grind yourself when needed. I keep a set of jars for spices purchased whole in quantities I can go through in a year or so. No clue what's up at McCormick, except that quality of a ...
by Tamarind
Fri Jul 13, 2018 9:39 am
Forum: Investing - Help with Personal Investments
Topic: One Fund During Retirement?
Replies: 10
Views: 798

Re: One Fund During Retirement?

I like the idea of one fund in retirement. If you have taxable accounts it may be a little less tax efficient, but that may be more than offset by ease of use and peace of mind for you. However I would not choose Wellesley, because it is actively managed. I would suggest a LifeStrategy fund or a Tar...
by Tamarind
Fri Jul 13, 2018 6:45 am
Forum: Investing - Help with Personal Investments
Topic: When to start taxable?
Replies: 22
Views: 1994

Re: When to start taxable?

I contributed to my taxable nearly my entire working career, after maxing out my 401K. At one point I was sending a $1000 check per month to Fidelity for my taxable. My reasoning was that if I was going to retire early, I wanted to leave my tax-advantaged stuff alone until I was past age 59.5. This...
by Tamarind
Thu Jul 12, 2018 9:10 pm
Forum: Investing - Help with Personal Investments
Topic: How to help parents "see the light" with index investing?
Replies: 17
Views: 1342

Re: How to help parents "see the light" with index investing?

I am actively engaged in helping my parents make retirement and investment plans. I concur that you should not engage. If they haven't asked you for help, and they don't need financial assistance, then you have no basis for weighing in. The most I would do is mention in passing conversation that you...
by Tamarind
Thu Jul 12, 2018 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Can't decline employer LTD policy. Should I buy up?
Replies: 9
Views: 1175

Re: Can't decline employer LTD policy. Should I buy up?

That's one of the benefits of having an individual policy - once the coverage is in force, the insurance company cannot change any terms of the policy. Thanks, so helpful! As I am looking at quotes with future increase options, it's clear they cannot require additional medical information or change...
by Tamarind
Thu Jul 12, 2018 6:04 am
Forum: Investing - Help with Personal Investments
Topic: When asking advice
Replies: 11
Views: 1603

Re: Pre-tax or after tax? Does it matter?

Thank you for all the feedback. :happy. I knew about index funds through reading Jack Bogle’s classic book on mutual funds. My work place retirement accounts take the money before taxes. Isn’t that the smarter way? So if I re-activate a retirement account that has much better fund options, isn’t th...
by Tamarind
Thu Jul 12, 2018 5:57 am
Forum: Personal Finance (Not Investing)
Topic: Keeping a checkbook register
Replies: 122
Views: 9203

Re: Keeping a checkbook

I'm very curious what reasons people continue to hand-write paper checks for property taxes, especially for those that are comfortable with online payments and/or billpay for their other bills. Is this a preference/habit thing? Enforced by your taxing authority? Are you aware your bank's billpay se...
by Tamarind
Wed Jul 11, 2018 8:36 am
Forum: Investing - Help with Personal Investments
Topic: Received $1m windfall with additional upside; looking for feedback on plan to hedge against market correction
Replies: 36
Views: 5326

Re: Received $1m windfall with additional upside; looking for feedback on plan to hedge against market correction

OP, I think you're making this too complicated. You don't need an AUM advisor, or a complex hedging strategy. Pick an asset allocation that makes you feel safe. For you, (given that if things go well you'll have more money than you need and if things don't you have many years to earn, learn, and imp...
by Tamarind
Wed Jul 11, 2018 7:08 am
Forum: Investing - Help with Personal Investments
Topic: 401(k) Asset Allocation for 23 Year Old
Replies: 10
Views: 562

Re: 401(k) Asset Allocation for 23 Year Old

If she hasn't already, she should open a Roth IRA and consider holding her bonds there.

100% equities are ok for someone this age, but 10-20% bonds might be better for someone who's never experienced a market downtown.
by Tamarind
Wed Jul 11, 2018 7:04 am
Forum: Personal Finance (Not Investing)
Topic: Can't decline employer LTD policy. Should I buy up?
Replies: 9
Views: 1175

Re: Can't decline employer LTD policy. Should I buy up?

OP - the amount you can qualify for on a supplemental policy is going to depend on your income. With your employer's coverage being 60% and taxable benefits, you should still qualify for a reasonable amount of coverage on an individual policy. You can include a Future Increase Option rider at addit...
by Tamarind
Wed Jul 11, 2018 6:08 am
Forum: Personal Finance (Not Investing)
Topic: Having first child - Life Insurance question
Replies: 37
Views: 2537

Re: Having first child - Life Insurance question

Congratulations! Get something simple that meets your needs so you can spend your time on your child instead of insurance shopping. Fixed term life fits the bill. For the amount, just ballpark how much money it would take to replace each person's earnings (and unpaid work!) until the child was grown...
by Tamarind
Wed Jul 11, 2018 6:02 am
Forum: Personal Consumer Issues
Topic: Any kayakers here?
Replies: 60
Views: 3280

Re: Any kayakers here?

peterinjapan wrote:
Wed Jul 11, 2018 3:07 am
This thread is making me seriously want to get a kayak.
You should seriously go to a demo day near you and paddle around. I promise you'll get hooked. Just wait and demo more before buying.
by Tamarind
Wed Jul 11, 2018 5:57 am
Forum: Personal Consumer Issues
Topic: Prepaid cell phone plan vs Regular Contract Plan
Replies: 26
Views: 2092

Re: Prepaid cell phone plan vs Regular Contract Plan

scooterdog wrote:
Tue Jul 10, 2018 12:29 pm
Others have already mentioned Cricket Wireless, they use AT&T towers, and $35 (including $5 discount for autopay) for 5GB is a great offer, and I've used them without any issue for several years now.
+1. OP, you can keep your network while saving $20/month and getting a better plan.
by Tamarind
Wed Jul 11, 2018 5:55 am
Forum: Personal Finance (Not Investing)
Topic: 30 Year vs 15 Year Mortgage
Replies: 79
Views: 4495

Re: 30 Year vs 15 Year Mortgage

I agree the 30-year probably comes out ahead provided one invests the difference between monthly payments . I prefer a 15-year because I will have a paid off house when I'm 40. There's a lot of peace of mind there for me. I will also no longer be itemizing as of 2018 so home mortgage interest just g...
by Tamarind
Tue Jul 10, 2018 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Can't decline employer LTD policy. Should I buy up?
Replies: 9
Views: 1175

Can't decline employer LTD policy. Should I buy up?

First world problem here. My employer offers group LTD coverage at no cost to me. It's pretty decent as group plans go: 60% income replacement Own occupation for 2 years, any occupation to full retirement age Mental health disability only covered for 2 years My family situation, close relative's med...
by Tamarind
Tue Jul 10, 2018 5:48 am
Forum: Investing - Help with Personal Investments
Topic: Skillful at saving but not investing
Replies: 37
Views: 3727

Re: Skillful at saving but not investing

We'll get there together, OP. I'm still reading through your details, but some early thoughts: I concur with the poster above who said you should stop working soon unless it brings you joy and purpose. I believe Roth conversions could be very advantageous for you, since you could have an extended pe...
by Tamarind
Tue Jul 10, 2018 5:41 am
Forum: Investing - Help with Personal Investments
Topic: Target date funds....unsophisticated?
Replies: 64
Views: 4523

Re: Target date funds....unsophisticated?

Who cares if it works for you?
by Tamarind
Tue Jul 10, 2018 5:40 am
Forum: Investing - Help with Personal Investments
Topic: Big expense in 3 mo. Money now. Where to hide money?
Replies: 13
Views: 1524

Re: Big expense in 3 mo. Money now. Where to hide money?

If you just need a psychological cue to not spend it, how about opening a new HY savings account labeled with the thing you need it for.
by Tamarind
Tue Jul 10, 2018 5:28 am
Forum: Personal Consumer Issues
Topic: Any kayakers here?
Replies: 60
Views: 3280

Re: Any kayakers here?

How do you all haul your kayaks? I am thinking of buying a kayak trailer, but since $2000 or more, have been thinking about it for a while. Right now, we mainly kayak at Lake next to our house, but would be fun to do some exploring. On top of my Hyundai hatchback, where one of the boats is actually...
by Tamarind
Mon Jul 09, 2018 3:02 pm
Forum: Personal Consumer Issues
Topic: Any kayakers here?
Replies: 60
Views: 3280

Re: Any kayakers here?

Lake/ocean kayaker here, along w DW. We work too much to do a lot of long trips, but enjoy the local reservoir and the NC Outer Banks. We particularly enjoy paddling lazily through salt marshes on the coast to watch birds, stingrays, and other wildlife. Our longest trip was kayak camping for 10 days...
by Tamarind
Mon Jul 09, 2018 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: E- Billing & Autopay
Replies: 27
Views: 2393

Re: E- Billing & Autopay

I find autopay to combine well with paperless. I like to put them on a CC for the points but bank draft is more commonly available with no extra fees and might be best if simplicity for a survivor is important.

I've never used bill pay or ebilling tools and don't find them useful.
by Tamarind
Mon Jul 09, 2018 5:27 am
Forum: Investing - Theory, News & General
Topic: Girls and investing
Replies: 115
Views: 5618

Re: Girls and investing

Thank you for all the thoughtful answer. What do YOU think could pique the young girl's mind? How would you incentivize the process to make it fun for them???? Let me suggest what worked for me: money. Most kids by that age understand that money is something that can get them things they want. If y...
by Tamarind
Fri Jul 06, 2018 5:22 pm
Forum: Investing - Help with Personal Investments
Topic: Left company, exercise vested options or not?
Replies: 11
Views: 702

Re: Left company, exercise vested options or not?

ETA that as I am posting I see you just posted some more detailed info about their financials and your equity math. I strongly advise you edit your post to remove that ASAP. I would bet that you signed a nondisclosure as party of qualifying for the options. Posting financial info here counts as pub...
by Tamarind
Fri Jul 06, 2018 5:03 pm
Forum: Investing - Help with Personal Investments
Topic: Left company, exercise vested options or not?
Replies: 11
Views: 702

Re: Left company, exercise vested options or not?

I just went through this process a couple of months ago, though my decision was for a bit more money. I was on good terms with the CFO so was able to get all the information I needed to calculate value...... It didn't really help me make the decision. Feel free to PM me if you want to chat in greate...
by Tamarind
Thu Jul 05, 2018 9:38 am
Forum: Personal Consumer Issues
Topic: Removing dead poison ivy
Replies: 24
Views: 1319

Re: Removing dead poison ivy

Agreed you should try to remove it once the leaves have dried up. Recent experience indicates the root doesn't always die. Unless you are highly sensitive (as some indeed are) poison ivy is really not bad to handle. I am ridiculously sloppy with it even while it's live and have only gotten a small r...
by Tamarind
Wed Jul 04, 2018 6:29 am
Forum: Investing - Theory, News & General
Topic: Does the ROTH IRA force us to rebalance in January?
Replies: 24
Views: 1410

Re: Does the ROTH IRA force us to rebalance in January?

AlohaJoe, Thanks for the analysis, although I think I'm not understanding it fully. Is it just me or does it ignore the existence of the (still invested) taxable account? What concerns me is the total ending values across all accounts, not just the Roth. Scenario #1: Pull funds from taxable Dec 31,...
by Tamarind
Wed Jul 04, 2018 6:17 am
Forum: Investing - Help with Personal Investments
Topic: Read Wiki still not sure on Lazy Portfolio for ROTH/Trad IRA
Replies: 5
Views: 481

Re: Read Wiki still not sure on Lazy Portfolio for ROTH/Trad IRA

Wow, those are REALLY good choices for a 401k. The small/mid cap is specifically a "completion" fund. For the percentage you want in Total Stock Market, use 80% of that large stock index and 20% of the small/mid cap to approximate. The international fund is also complete (in that it has developed an...
by Tamarind
Wed Jul 04, 2018 6:06 am
Forum: Personal Finance (Not Investing)
Topic: what is better Health care option for my son
Replies: 16
Views: 1272

Re: what is better Health care option for my son

I'd go with the PPO, but both seem like decent plans. If your son had no chronic medical conditions, the PPO is probably the best for him.
by Tamarind
Tue Jul 03, 2018 1:15 pm
Forum: Investing - Help with Personal Investments
Topic: 33 year old- How am I doing?
Replies: 22
Views: 2139

Re: How am I doing?

It depends on your goals. Do you have a sense of when you would want to retire? How much do you hope to contribute to college for your kids? You have saved well. You clearly have your expenses under control. If you reduced donations you could probably be on track to retiring early OR covering colle...
by Tamarind
Tue Jul 03, 2018 1:07 pm
Forum: Investing - Help with Personal Investments
Topic: 33 year old- How am I doing?
Replies: 22
Views: 2139

Re: How am I doing?

It depends on your goals. Do you have a sense of when you would want to retire? How much do you hope to contribute to college for your kids? You have saved well. You clearly have your expenses under control. If you reduced donations you could probably be on track to retiring early OR covering colleg...