Search found 226 matches

by TigerNest
Sat Jun 17, 2017 10:36 pm
Forum: Investing - Theory, News & General
Topic: Risk on or Risk off? An NYU professor's take
Replies: 5
Views: 1058

Re: Risk on or Risk off? An NYU professor's take

Glassman and Hassett first wrote an article in 1999 called "Stock prices are still far too low," and followed it up in 2000 with a book called "Dow 36,000," which said "A sensible target date for Dow 36,000 is early 2005, but it could be reached much earlier." And one ...
by TigerNest
Sat Jun 17, 2017 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: Example of why this forum is so good
Replies: 19
Views: 3130

Re: Example of why this forum is so good

That is a great quote. Thank you for sharing.
by TigerNest
Sat Jun 17, 2017 1:05 am
Forum: Personal Finance (Not Investing)
Topic: Siblings in disagreement over mom's house.
Replies: 241
Views: 16317

Re: Siblings in disagreement over mom's house.

What if you take out a line of credit and use that cash to buy out the parties that don't want to own it? The ones that do want to own the house are left with a reasonable mortgage payment.
by TigerNest
Tue Jun 13, 2017 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Was it unprofessional for the HR manager to ask for my salary history in front of a peer at a job interview?
Replies: 67
Views: 5646

Re: Was it unprofessional for the HR manager to ask for my salary history in front of a peer at a job interview?

Always turn it around: "My employer would prefer that I not share this information and I would like to respect those wishes. What is the compensation range for the position?"
by TigerNest
Sun Jun 11, 2017 2:51 am
Forum: Personal Consumer Issues
Topic: College admissions question - she got a "C"
Replies: 100
Views: 7872

Re: College admissions question - she got a "C"

I had a 3.8 in high school and got a C in a higher level math class. I ended up going to an ivy league school. Admissions are far more holistic than GPA, and a majority of it is probably luck. She's a good student, she's probably beating herself up over it. I recommend focusing on being supportive a...
by TigerNest
Fri Jun 09, 2017 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: (Very) Early Retirement vs Parenthood
Replies: 74
Views: 4221

Re: (Very) Early Retirement vs Parenthood

My wife and I just had our first child last year. It has just been such an indescribable joy to get to know the little guy. I say go for it.
by TigerNest
Tue May 30, 2017 9:28 am
Forum: Personal Consumer Issues
Topic: Do I deserve it? [A new car]
Replies: 69
Views: 5199

Re: Do I deserve it?

I bought a really nice new Corolla for $15,500 off-the lot, drove it for ten years, and sold it to Carmax for $6,000. I only sold it because we moved to a city and downsized, or I'd still be driving it.

A new car is a fine decision, but in your mid-20s, with that salary, aim for a lower price point.
by TigerNest
Tue May 16, 2017 9:30 am
Forum: Personal Finance (Not Investing)
Topic: How much house? How large of a down payment? Infinite permutations are driving me batty
Replies: 36
Views: 3147

Re: How much house? How large of a down payment? Infinite permutations are driving me batty

Congratulations on your many blessings in life. We just recently had a child and it is an amazing experience. I would buy the house cash. The question is: would you borrow money at 4.2% interest to invest in the stock market right now? That's the current rate for a 30-year jumbo loan. I think a bala...
by TigerNest
Fri May 12, 2017 12:58 pm
Forum: Investing - Theory, News & General
Topic: Penfed IRA Certificates for 59.5+ y o vs. other IRA CDs with better yield
Replies: 33
Views: 2287

Re: Penfed IRA Certificates for 59.5+ y o vs. other IRA CDs with better yield

I find it useful to think about CDs in terms of dollars instead of a percentage. 2% of $1,000 is $20 a year. Post-tax it's ~$12. A year.

I'd say take the greater flexibility. It's not that expensive in absolute terms.
by TigerNest
Mon May 01, 2017 12:51 am
Forum: Investing - Theory, News & General
Topic: Schwab Vs. Vanguard?
Replies: 32
Views: 4810

Re: Schwab Vs. Vanguard?

I am a client of both. I love Vanguard, but if I had to choose one, I would choose Schwab. They've been consistently great over the last decade. You can always own Vanguard funds and ETFs through the Schwab brokerage account.
by TigerNest
Fri Apr 21, 2017 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Age when you started to max out your retirement accounts?
Replies: 177
Views: 25770

Re: Age when you started to max out your retirement accounts?

I was 25. I realized I hadn't started saving for retirement yet, and it was the final goal of a broader 'get your financial act together' period in my life. It was 34% of my gross salary at the time, so I was quite proud.
by TigerNest
Wed Apr 19, 2017 1:58 am
Forum: Personal Finance (Not Investing)
Topic: Did anything surprise you in your 2016 taxes?
Replies: 83
Views: 7276

Re: Did anything surprise you in your 2016 taxes?

We had a baby last year, but we did not get the famous tax break at all -- the individual deduction was completely phased out!
by TigerNest
Tue Apr 18, 2017 8:01 pm
Forum: Investing - Theory, News & General
Topic: Is all the money flowing into index funds bad?
Replies: 21
Views: 3098

Re: Is all the money flowing into index funds bad?

The one issue I see is a bit extraneous. With index funds, who or whom exercises the voting rights of the shares of the companies owned by the index fund? I'm assuming no one. This would take time and effort on the part of someone to research and place votes. With no one exercising the voting right...
by TigerNest
Thu Apr 06, 2017 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: Any reason NOT to do a backdoor Roth IRA?
Replies: 56
Views: 4263

Re: Any reason NOT to do a backdoor Roth IRA?

To be honest, I know it's very popular and common, but I don't do it because I feel like it violates the spirit of the law and I'm not convinced it's quite legal.
by TigerNest
Thu Apr 06, 2017 9:07 am
Forum: Personal Finance (Not Investing)
Topic: High Income earners, whats your Tax Strategy?
Replies: 113
Views: 11294

Re: High Income earners, whats your Tax Strategy?

jambadoc wrote:I think the Roth 401(k) will be better in the end (assuming it doesn't end up means-tested or something like that).


Another poor scenario for a Roth would be if in 30 years the US chooses to rely less heavily on income taxes and instead shifts to consumption taxes like a VAT or sales taxes.
by TigerNest
Wed Apr 05, 2017 8:59 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle's 6 best money and career tips for young people
Replies: 9
Views: 1761

Re: Jack Bogle's 6 best money and career tips for young people

Wow, he had a heart attack 57 years ago and is still chugging along. God bless modern medicine.
by TigerNest
Wed Apr 05, 2017 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: What is your definition of 'Savings'?
Replies: 25
Views: 1670

Re: What is your definition of 'Savings'?

Whatever I don't spend or pay in taxes.
by TigerNest
Wed Apr 05, 2017 8:54 pm
Forum: Personal Consumer Issues
Topic: How best to handle disrespectful employee?
Replies: 40
Views: 3739

Re: How best to handle disrespectful employee?

Redefine 'sale', and make it clear that the 'sale' isn't complete unless a new client is onboarded appropriately. Make sure the definition is reflected in the commission structure.
by TigerNest
Wed Apr 05, 2017 9:50 am
Forum: Personal Finance (Not Investing)
Topic: High Income earners, whats your Tax Strategy?
Replies: 113
Views: 11294

Re: High Income earners, whats your Tax Strategy?

I wish we had a better one. :-/ Our 2016 effective tax bracket was 38.2%, and our marginal tax rate is 51.8%. Such is life in the Bay Area. I max out my 401(k), but my wife doesn't have access to one at work. We can't afford a house yet, California 529 plan contributions aren't tax deductible, and a...
by TigerNest
Mon Apr 03, 2017 9:21 pm
Forum: Personal Consumer Issues
Topic: Law school-most cost efficient, yet quality, way to get Real Estate law degree?
Replies: 37
Views: 2751

Re: Law school-most cost efficient, yet quality, way to get Real Estate law degree?

Talk to some local lawyers at firms you'd like to work at after law school. Look them up on their websites, give them a call, tell them you're interested in a legal career, and offer to buy them lunch to hear some advice. Find out what kind of people they hire and from what schools they recruit, the...
by TigerNest
Sat Apr 01, 2017 6:04 pm
Forum: Investing - Help with Personal Investments
Topic: Is anyone decreasing % of bonds this year?
Replies: 91
Views: 7538

Re: Is anyone decreasing % of bonds this year?

silverskates wrote:I was channel flipping the other night and came across Suze Orman saying "no" to bonds. She's all for 100% stocks.


I would consider that a contrary indicator.

25% bonds is a perfectly reasonable allocation for a couple in their 40s.
by TigerNest
Fri Mar 31, 2017 11:40 am
Forum: Investing - Help with Personal Investments
Topic: Currently have $700,000 at 26 years old get $100,000 a year
Replies: 80
Views: 11480

Re: Currently have $700,000 at 26 years old get $100,000 a year

I read the thread on "illusion of poverty" and "illusion of wealth" and I may have the "illusion of poverty" I have this fear like what if the markets go down and stay down. I'm very afraid of the system no longer working for investors, not saying this would happen or ...
by TigerNest
Fri Mar 24, 2017 8:05 pm
Forum: Personal Consumer Issues
Topic: The Sweet Spot for Yearly Car Costs
Replies: 54
Views: 4221

Re: The Sweet Spot for Yearly Car Costs

I bought a nice new Toyota Corolla for $15,500 off the lot, drove it for a little over 10 years, and sold it at Carmax for $6,000 in 2014. So that's $950 a year, plus routine maintenance.
by TigerNest
Fri Mar 24, 2017 12:29 pm
Forum: Investing - Theory, News & General
Topic: So why exactly is everyone gloomy about bonds?
Replies: 34
Views: 4509

Re: So why exactly is everyone gloomy about bonds?

⋅ After taxes and inflation, your real return for safe bonds is likely negative. So you're locking in a small loss in real terms. This is not an attractive investment in normal times. ⋅ That assumes inflation will continue at historic lows. If inflation increases, the value of l...
by TigerNest
Mon Mar 06, 2017 2:49 pm
Forum: Investing - Help with Personal Investments
Topic: Please hold my hand first few transactions at Schwab
Replies: 5
Views: 521

Re: Please hold my hand first few transactions at Schwab

As others have said, Schwab's customer service is great. I've never been to a Schwab branch, but their phone help is consistently excellent. They walked me through my first ETF purchase back in the day. I recommend giving them a call.
by TigerNest
Sun Mar 05, 2017 4:49 pm
Forum: Personal Consumer Issues
Topic: Describe your Reasonable Dream Home
Replies: 51
Views: 3616

Re: Describe your Reasonable Dream Home

⋅ Great public schools nearby ⋅ Short commute to work for me and my wife ⋅ Little traffic/safe for my kids to play outside ⋅ Friendly neighbors, while still having some privacy ⋅ Yard/ close to some nature it feels like a bit of a pipe dream, I'm af...
by TigerNest
Sun Mar 05, 2017 1:07 am
Forum: Personal Consumer Issues
Topic: Where do you order checks from?
Replies: 57
Views: 3917

Re: Where do you order checks from?

Learn something new every day. I didn't realize you could get checks from anywhere other than your financial institution. :)
by TigerNest
Sat Mar 04, 2017 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: Windfall: should we pay cash for ~$1.3M home?
Replies: 96
Views: 5573

Re: Windfall: should we pay cash for ~$1.3M home?

I believe SF Bay area property owners excessively discount earthquake risk. Insurers understand this, hence the high premiums and $100,000 deductibles on earthquake insurance. I wouldn't tie up most of my assets in a home in this area. But on the other hand, a $1.3M three bedroom is probably 0.2-0....
by TigerNest
Sat Mar 04, 2017 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: Windfall: should we pay cash for ~$1.3M home?
Replies: 96
Views: 5573

Re: Windfall: should we pay cash for ~$1.3M home?

I believe SF Bay area property owners excessively discount earthquake risk. Insurers understand this, hence the high premiums and $100,000 deductibles on earthquake insurance. I wouldn't tie up most of my assets in a home in this area.
by TigerNest
Sat Mar 04, 2017 12:57 am
Forum: Personal Consumer Issues
Topic: Starting a company for first time at age 50
Replies: 14
Views: 1497

Re: Starting a company for first time at age 50

Congratulations! That's very admirable. Note that entrepreneurs are older than most think! The Kauffman Foundation found that high growth start-ups are nearly 2x as likely to be launched by someone age 55+ than age 20-34, and that the average age of a startup founder is 40. The most important parts ...
by TigerNest
Thu Mar 02, 2017 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: New YouTube TV Service $35 per month
Replies: 43
Views: 4804

Re: New YouTube TV Service $35 per month

We have a Roku and love it. With Netflix, HBONow, and Amazon there's always a great show to watch. We haven't subscribed to cable in many years (we are in our early/mid 30s). It's nice to see the skinny bundles, but upon reflection I realize I'm not going to subscribe because I'm no longer intereste...
by TigerNest
Sun Feb 05, 2017 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Do you account for likely life expectancy in retirement?
Replies: 63
Views: 5240

Re: Do you account for likely life expectancy in retirement?

I plan to purchase an annuity at age 80 or 85 to cover all comfortable expenses (when added to social security). I can't have much actuarial life left at that point, but it should provide comfort and safety if I an blessed enough to be in the long tail.
by TigerNest
Sat Feb 04, 2017 11:55 am
Forum: Personal Consumer Issues
Topic: Does anybody else out there still pay for an email address?
Replies: 70
Views: 6422

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

Tabulator wrote:I will never use free mail. It "bogles" my mind that so many people, apparently, are unwilling to pay less than 1.70 USD per month for quality mail hosting.


What benefits do you get for a paid service that you don't get from gmail?
by TigerNest
Sat Feb 04, 2017 11:52 am
Forum: Investing - Theory, News & General
Topic: 30 yr TIPS Auction Feb 16: real yield 1.1%?
Replies: 40
Views: 4499

Re: 30 yr TIPS Auction Feb 16: real yield 1.1%?

Yeesh, 0.99% for 30 years. I'm reminded of this xkcd:

Image
by TigerNest
Thu Jan 19, 2017 3:01 am
Forum: Personal Finance (Not Investing)
Topic: Would you switch investment advisor to save $3000+/yr?
Replies: 17
Views: 1938

Re: Would you switch investment advisor to save $3000+/yr?

$3,000 is $3,000. It's a lot of money. It doesn't matter how much it is as a percentage of AUM. Think about it as a percentage of your year it would take you to earn that much post-tax.
by TigerNest
Tue Jan 17, 2017 10:39 pm
Forum: Investing - Help with Personal Investments
Topic: When is a 401k not worth it?
Replies: 32
Views: 2326

Re: When is a 401k not worth it?

The S&P 500 fund is a very good choice. Invest your US equity allocation in that, and then consider all your assets holistically: use funds outside of the 401(k) (IRAs or taxable) to invest in bonds and international stocks. All that said, remember that once you leave your job, you can always ro...
by TigerNest
Mon Jan 16, 2017 8:47 pm
Forum: Investing - Help with Personal Investments
Topic: New Job - New 401k
Replies: 4
Views: 408

Re: New Job - New 401k

If you have funds in other accounts (old 401(k)s, IRAs, taxable brokerage) you can always invest in international funds there, and not choose an international fund in this 401(k).
by TigerNest
Mon Jan 09, 2017 11:36 am
Forum: Personal Finance (Not Investing)
Topic: I'll never save a 20% down payment. Rent for life?
Replies: 138
Views: 13918

Re: I'll never save a 20% down payment. Rent for life?

OP, since you're a police officer, look into a 'Good Neighbor Next Door' mortgage: https://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/nsc/gnndserv https://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/reo/goodn/gnndabot https://portal.hud.gov/hudportal/HUD?src=/pro...
by TigerNest
Fri Dec 30, 2016 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Give $ money gift to earning child, who moves it to roth?
Replies: 9
Views: 804

Re: Give $ money gift to earning child, who moves it to roth?

Fair point. I was referring only to federal taxes.

If you can gift away more than $11 million, I'd say that qualifies. :)
by TigerNest
Fri Dec 30, 2016 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Give $ money gift to earning child, who moves it to roth?
Replies: 9
Views: 804

Re: Give $ money gift to earning child, who moves it to roth?

You can gift as much as you'd like to your son, tax free. Neither of you will ever be taxed on it unless you're absurdly wealthy. ⋅ If the gift is under $14,000 in a year, you don't have to tell anyone. That's $28,000 for a married couple. ⋅ If it's over $14,000, you'll have to r...
by TigerNest
Fri Dec 30, 2016 5:29 pm
Forum: Investing - Help with Personal Investments
Topic: Should I Switch From Bonds To CD's In My Ret. Acc.
Replies: 7
Views: 982

Re: Should I Switch From Bonds To CD's In My Ret. Acc.

By drawing down I mean taking approx 10% a yr. I am thinking of a two year CD for the Bond portion just to step away from the Bond market until things (interest rates) are a little clearer. The bond market and interest rates won't be clearer in two years. This is about as clear as it gets. Folks ha...
by TigerNest
Thu Dec 29, 2016 3:41 pm
Forum: Investing - Theory, News & General
Topic: All your eggs in one basket vs. concern about being hacked?
Replies: 41
Views: 5049

Re: All your eggs in one basket vs. concern about being hacked?

I strongly recommend asking Vanguard to enable two-factor authentication on your account: https://personal.vanguard.com/us/insights/article/security-codes-112015 Logon security codes: An added layer of security NOVEMBER 13, 2015 The security of your accounts and personal information is paramount at ...
by TigerNest
Wed Dec 14, 2016 3:13 am
Forum: Investing - Theory, News & General
Topic: Got cash - what to do?
Replies: 9
Views: 1946

Re: Got cash - what to do?

So what does one do if they believe a recession is going to happen? Do we ever hold more cash? The 2008 financial crisis happened over eight years ago. In every year since, folks have come up with theories and predictions about the likelihood of another big recession, a bond market crash, hyperinfl...
by TigerNest
Tue Nov 15, 2016 6:31 pm
Forum: Investing - Theory, News & General
Topic: Muni bonds are getting killed. Are you bailing out?
Replies: 88
Views: 14495

Re: Muni bonds are getting killed. Are you bailing out?

Honestly, yes. I just sold our entire position today. I've always been able to stay the course, but today was different. I know it's a fallacy, but I think of our municipal bonds in a separate 'bucket' from our retirement funds. We're in our mid-30s, with plenty of time until retirement. I am able t...
by TigerNest
Sun Sep 18, 2016 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Education cost and kids
Replies: 64
Views: 5653

Re: Education cost and kids

My wife and I are your age, with our first child on the way. Our parents paid for our undergraduate educations. We intend to pay it forward and do the same for our kids. We both paid for our graduate schools ourselves (MBA and Law School). We'll probably expect our children to pay for their own if t...
by TigerNest
Wed Sep 07, 2016 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Prospective Employer Wants Salary History & Desired Salary
Replies: 265
Views: 21549

Re: Prospective Employer Wants Salary History & Desired Salary

I've always said "My employer has asked me to keep compensation information confidential, and I want to respect their wishes. What range of compensation do you expect to provide for this role?"

This has always worked for me. The employer should always provide the first number.
by TigerNest
Sat Aug 20, 2016 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Fraud: How many times is 'normal'?
Replies: 24
Views: 1700

Re: Credit Card Fraud: How many times is 'normal'?

I've never encountered fraud in 10+ years of using a credit card for nearly everything... I guess I've been lucky.
by TigerNest
Mon Jun 20, 2016 3:37 am
Forum: Personal Finance (Not Investing)
Topic: Can we/Should we buy this house (SF Bay Area)
Replies: 54
Views: 6184

Re: Can we/Should we buy this house (SF Bay Area)

Please do seriously consider earthquake insurance, and double check the maps to make sure you're not buying in a high-risk zone (i.e. liquefaction). There's a 70%+ chance the Bay Area will be hit with a 6.7+ earthquake in the next 30 years. The magnitude could be severe. The 1906 earthquake was a ma...
by TigerNest
Thu Apr 28, 2016 2:43 am
Forum: Investing - Help with Personal Investments
Topic: Total Bond vs Municipal Bond Funds
Replies: 66
Views: 9407

Re: Total Bond vs Municipal Bond Funds

I consider the stable value of a CD to be a bit of a mirage. Its intrinsic value is impacted by interest rates just like publicly-traded bonds, but we can't see it because it's not publicly traded. If you've locked in your money in a CD for 10 years at 3%, and then interest rates suddenly jump to 7%...

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