Search found 104 matches

by Wabbit
Fri Mar 24, 2017 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Are Bogleheads in the minority on the use of investment advisors?
Replies: 86
Views: 5467

Re: Are Bogleheads in the minority on the use of investment advisors?

Bill Bernstein (a boglehead himself) wrote of four abilities required to be successful investors in the prelude of The Investor's Manifesto, which I'll summarize as 1) having an interest in the process 2) more than a bit of math horsepower, at least up to statistics / probability 3) a grasp of finan...
by Wabbit
Wed Mar 08, 2017 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO auto rates vs. USAA: too good to be true?
Replies: 127
Views: 10624

Re: GEICO auto rates vs. USAA: too good to be true?

California maintains a list of the justified consumer complaint ratio for insurance companies, perhaps other states do also. It seems useful here, at least I assume they are looking at a considerable amount of data from a reasonably large number of people. At least on this list, Geico is behind USAA...
by Wabbit
Mon Jan 30, 2017 8:44 am
Forum: Investing - Help with Personal Investments
Topic: Totally new to this: trying to start retirement account(s)?
Replies: 17
Views: 1350

Re: Totally new to this: trying to start retirement account(s)?

Welcome to the forum! Have you read any of the wiki? There is a lot of helpful information there, and while you can go ahead with one of the suggestions in the thread to get started, my suggestion is to also read some of the wiki to start understanding where the other suggestions are coming from: ht...
by Wabbit
Tue Aug 16, 2016 9:15 pm
Forum: Personal Consumer Issues
Topic: Has your workplace transitioned to "open/collaborative space?"
Replies: 85
Views: 8912

Re: Has your workplace transitioned to "open/collaborative space?"

jalbert wrote:Another Dilbert perspective:

http://dilbert.com/strip/1998-11-08


And another one from a few days earlier than that:

http://dilbert.com/strip/1998-10-31

Amazing that office jokes from 18 years ago are still relevant today...
by Wabbit
Sun Jul 17, 2016 9:52 am
Forum: Personal Consumer Issues
Topic: Who do you not tip, and why?
Replies: 57
Views: 5238

Re: Who do you not tip, and why?

I agree our tipping is totally convoluted and without much sense, and also not sure how to change it. My favorite example: I tip the "curbside checkin" employees at the airport, but I don't tip the airline employees inside the airport who are doing exactly the same job. (Maybe I should be,...
by Wabbit
Wed Dec 02, 2015 11:55 pm
Forum: Investing - Help with Personal Investments
Topic: Finally LOST job with bad 401k ... what to do now?
Replies: 10
Views: 1889

Re: Finally LOST job with bad 401k ... what to do now?

I would roll it over to a traditional IRA at a low-cost provider. In general you'll get lower expenses and more freedom of choice in funds. The only reason I can think of for rolling to your new 401k is if you want to do what this site calls a "backdoor roth". This is only relevant if you ...
by Wabbit
Mon Nov 23, 2015 11:38 pm
Forum: Investing - Help with Personal Investments
Topic: TSP federal employees: how many pay periods are left?
Replies: 10
Views: 1501

Re: TSP federal employees: how many pay periods are left?

TheMightyQuinn wrote:Yes, there are 27 paydays in 2015. Because 1 Jan 2016 is a holiday, they will bump that payday up to 31 Dec 2015 making it 27 paydays.


Not every federal agency has 27 pay periods in 2015 (aka TSP leap year), other federal employees reading this should be sure to check with their particular agency.
by Wabbit
Tue Aug 18, 2015 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: Coming Up With Your Home's Insurance Replacement Cost
Replies: 3
Views: 443

Re: Coming Up With Your Home's Insurance Replacement Cost

As I understand it, this is the cost to rebuild your house, which might not be related to the current market value. Did you describe the improvements to your insurance company? I think they will usually estimate this number. As an alternate approach, maybe ask a contractor, rather than a realtor.
by Wabbit
Wed Jun 03, 2015 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: Just Married
Replies: 7
Views: 1376

Re: Just Married

1% Apple (aapl) 1% Tesla Motors (tsla) 3% Lending Club - I set this up a while ago with very small monthly contributions and it has been giving great returns. I plan on watching this closely and not letting it grow more than a few %. My wife and I have discussed this as being a future college fund ...
by Wabbit
Tue Jan 06, 2015 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mortgage only 6 months in??
Replies: 9
Views: 1948

Re: Refinance Mortgage only 6 months in??

I agree with other posters, what you paid in the past doesn't matter so much, the question is can you save money in the future? I'd suggest looking at these calculator(s) to see if refinancing will pay off: http://www.mtgprofessor.com/calculatorarticles/refinance-calculator.html Yes, refinancing wou...
by Wabbit
Wed Oct 15, 2014 8:12 am
Forum: Investing - Help with Personal Investments
Topic: Hold My Hand - I Am Rebalancing
Replies: 20
Views: 1606

Re: Hold My Hand - I Am Rebalancing

OP, your comment: I know it was the right thing to do - but still - did not feel the best. Reminds me of: Most grizzled veterans will tell you that the best purchases are often made when they feel they are about to throw up. Which pretty much describes how I felt when I rebalanced in 2009 - but that...
by Wabbit
Thu Aug 07, 2014 9:09 pm
Forum: Personal Consumer Issues
Topic: Telephone Calls! Help! [Stopping telemarketing calls]
Replies: 123
Views: 14917

Re: Telephone Calls! Help!

yukonjack wrote:I had the same problem and ended up unplugging the phone. I now use only my cell phone. I've been doing that for about a year now and it has worked out fine.


Why wouldn't you eventually just get all of the solicitation calls on your cell phone?
by Wabbit
Sat Feb 01, 2014 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Roth TSP reduces tax refund
Replies: 21
Views: 1894

Re: Roth TSP reduces tax refund

Expanding on mathwhiz's comment, when you took out the $14,400 Roth TSP contribution, did you add $14,400 back to box 1? Maybe if you just take away $14,400 off the W2 then Turbotax will think you made $14,400 less for the year, and of course you wouldn't owe as much tax.
by Wabbit
Sun Jan 12, 2014 3:48 pm
Forum: Investing - Theory, News & General
Topic: OK to not rebalance if 100% stock?
Replies: 2
Views: 570

Re: OK to not rebalance if 100% stock?

Seems like you're touching on the difference between slice-and-dice vs. total market approaches, which I don't think matters too much but has had a lot of discussion here. If I remember right you can get a small rebalancing bonus in returns from asset classes which have the same expected return but ...
by Wabbit
Wed Jan 01, 2014 4:35 pm
Forum: Investing - Theory, News & General
Topic: REGISTRATION FOR THE 2014 BOGLEHEAD CONTEST
Replies: 537
Views: 25904

Re: REGISTRATION FOR THE 2014 BOGLEHEAD CONTEST

1663.20

that number seems so low now, but it is only 10% down...
by Wabbit
Thu Nov 14, 2013 11:15 pm
Forum: Investing - Help with Personal Investments
Topic: 529 vs Roth
Replies: 4
Views: 409

Re: 529 vs Roth

One consideration (I think I saw here) is that it is useful to have at least a small 529 for when your family and friends ask how to make a gift to a college fund. It sounds a little strange to reply "sure, put it into my Roth IRA"...
by Wabbit
Mon Nov 11, 2013 12:25 am
Forum: Investing - Help with Personal Investments
Topic: High income new college grad in high COL area
Replies: 17
Views: 3397

Re: High income new college grad in high COL area

First off, I'd say it looks like you're getting a good start at a young age! For the specific questions, 1) I'm not sure you need to do anything in particular to "take advantage" of the Roth IRA. Usually people recommend bonds in tax-advantaged accounts, but from what you said I'm assuming...
by Wabbit
Thu Nov 07, 2013 9:14 am
Forum: Investing - Theory, News & General
Topic: A twist on dollar cost averaging
Replies: 9
Views: 2425

Re: A twist on dollar cost averaging

Actually when I read this topic first, it reminded me of Ben Stein's book "Yes, you can time the market!", and today I saw you had posted in that (originally older) thread too: http://www.bogleheads.org/forum/viewtopic.php?f=10&t=64910 I read the book as well, but my overall thought (w...
by Wabbit
Wed Nov 06, 2013 3:52 pm
Forum: Investing - Theory, News & General
Topic: A twist on dollar cost averaging
Replies: 9
Views: 2425

Re: A twist on dollar cost averaging

I downloaded monthly data from yahoo finance and made a plot in excel with the 6-month and 180-month moving averages. I'd have to learn how to paste images here to show it. But if I calculated it right, it looks like you would have been out of the stock market from 1982 to 2009. I didn't do the extr...
by Wabbit
Wed Oct 16, 2013 5:43 pm
Forum: Investing - Help with Personal Investments
Topic: How to prosyletize to a lazy friend
Replies: 27
Views: 2765

Re: How to prosyletize to a lazy friend

You know your friend best, but I'd say to tread lightly on this topic. Most threads like this have similar advice, you can probably find a few if you search. For instance, mention your discovery of these forums, email a link to the wiki, and maybe lend a copy of something like "A Random Walk do...
by Wabbit
Tue Oct 15, 2013 9:47 pm
Forum: Investing - Theory, News & General
Topic: TSP Lazy Porfolio with 4 funds
Replies: 41
Views: 6264

Re: TSP Lazy Porfolio with 4 funds

I wonder if the TSP will ever follow through on adding REITs to the investment offerings. There is a ton of information on the internet detailing how REITs were/are being considered. It appears that this issue appears on a routine basis. I am sure there are REIT's in the S fund. I am hoping TSP wil...
by Wabbit
Tue Oct 15, 2013 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Home Affordability [check my calculations]
Replies: 85
Views: 7143

Re: Home Affordability

You mentioned your 16-month daughter - one thing I don't see in your spreadsheet is either a dependent care tax credit or dependent care flexible spending account (I think you need to choose one or the other, but check on that).
by Wabbit
Fri Jun 14, 2013 11:32 pm
Forum: Investing - Theory, News & General
Topic: Has anybody read Value Averaging?
Replies: 36
Views: 3138

Re: Has anybody read Value Averaging?

Quote from the wiki: The Value Path formula depends heavily on your estimates of the rate of growth of the investment asset. Thus, it’s very important to provide as realistic rates as possible. I read it and liked the idea a lot, but choosing the rate of growth has always been the sticky point for m...
by Wabbit
Sun Mar 24, 2013 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: [POLL] Are zillow price estimates accurate for your home?
Replies: 62
Views: 6895

Re: [POLL] Are zillow price estimates accurate for your home

Just refinanced recently, and zillow is just about 5% off the appraisal. But I always just preferred to look at it for the "recently sold" houses, rather than the zillow estimate. Is anybody disputing the accuracy or completeness of the comps? Or just the price estimate?
by Wabbit
Sat Jan 05, 2013 5:09 pm
Forum: Investing - Theory, News & General
Topic: 2013 BOGLEHEAD CONTEST REGISTRATION
Replies: 481
Views: 22959

Re: 2013 BOGLEHEAD CONTEST REGISTRATION

1426.19

yup, exactly the same as 2012's ending.
by Wabbit
Fri Nov 30, 2012 11:30 pm
Forum: Investing - Theory, News & General
Topic: Why are GDP Growth and Stock Returns Uncorrelated?
Replies: 19
Views: 1934

Re: Why are GDP Growth and Stock Returns Uncorrelated?

William Bernstein posted an article on his website from some time ago where he looked at a similar question, (although maybe not exactly the same) and found that share dilution can explain much of the gap between GDP and equity gains: http://www.efficientfrontier.com/ef/702/2percent.htm I think I re...
by Wabbit
Sat Jun 30, 2012 10:14 pm
Forum: Investing - Theory, News & General
Topic: MID-YEAR BOGLEHEAD CONTEST LEADERS
Replies: 15
Views: 1514

Re: MID-YEAR BOGLEHEAD CONTEST LEADERS

There are 3 other people that entered the contest with exactly the same number as me! That's what I get for choosing a number with a repeating pattern. :oops:
by Wabbit
Thu Apr 12, 2012 8:01 am
Forum: Investing - Help with Personal Investments
Topic: Why Traditional IRA?
Replies: 63
Views: 3542

Re: Why Traditional IRA?

As a hand-waving simplistic argument of how I understand it, taxable investing has the steps (1) earn income => (2) pay taxes on income => (3) invest => (4) pay taxes on gains and with the traditional IRA you basically leave out (4): (1) earn income => (2) invest => (3) pay taxes on withdrawals (as ...
by Wabbit
Sun Feb 26, 2012 12:27 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage Refi Question
Replies: 11
Views: 1211

Re: Mortgage Refi Question

One consideration, does a 401k loan count against your debt-to-income ratios when refinancing? I actually don't know, would appreciate if someone could answer. If it does, you obviously would need to be sure you are still clear of those qualification ratios for the 15-year.
by Wabbit
Wed Feb 22, 2012 11:22 pm
Forum: Personal Finance (Not Investing)
Topic: Am I responsible for my wife's mortgage???
Replies: 12
Views: 1656

Re: Am I responsible for my wife's mortgage???

The ideas that you are "just throwing out there" seem to have quite significant potential consequences. The Bogleheads are a fairly knowledgable group but I think you should consult a real estate lawyer before you attempt anything like walking away or short sale. Maybe also a family law la...
by Wabbit
Sat Jan 14, 2012 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: Help explain pre-paid phone vs a contract
Replies: 52
Views: 5273

Re: Help explain pre-paid phone vs a contract

Since I am lazy, I buy enough so I don't have to refill it for 365 days. With Verizon and T-mobile, this amount is $100. I don't use my phones much. I believe that with T-mobile at least, once you've reached the $100 level, any amount of money you put toward a refill will renew all of your minutes....
by Wabbit
Tue Jan 03, 2012 12:56 am
Forum: Investing - Theory, News & General
Topic: REGISTRATION FOR 2012 BOGLEHEAD CONTEST
Replies: 408
Views: 18763

Re: REGISTRATION FOR 2012 BOGLEHEAD CONTEST

1414.14

Same as last year,why not...
by Wabbit
Tue Sep 06, 2011 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: Happily married with a prenup
Replies: 13
Views: 2316

Throwing in my two cents, I have a different view on prenups than most. I see it as everybody who gets married has a prenup. Your state laws provide you with a default, but you get a chance to override the default to fit your personal circumstances if you choose. Where else do you get the chance to ...
by Wabbit
Sun Jul 10, 2011 2:23 pm
Forum: Personal Consumer Issues
Topic: Anyone tried Google +?
Replies: 66
Views: 8836

There is an advantage to joining google+ if you use picasa web, even if you don't do anything on google+. You get a larger photo size that you can upload before it counts toward your free storage limit, 2048x2048 instead of 800x800 for non-google+ users. http://picasa.google.com/support/bin/answer.p...
by Wabbit
Sat May 07, 2011 8:13 pm
Forum: Investing - Help with Personal Investments
Topic: New Investor Needign advice
Replies: 6
Views: 776

Hey guys. I've fairly recently finished getting my personal finances under control (read: CC debt paid off, car paid off, 3mo salary in EF). You're definitely off to a good start! What I want to do now is build wealth. I'm already balls-to-the-wall on my 401(k), and want to move into other investme...
by Wabbit
Sat Jan 01, 2011 9:08 pm
Forum: Investing - Theory, News & General
Topic: 2011 BOGLEHEAD CONTEST REGISTRATION
Replies: 374
Views: 33978

1414.14

Lower then my wildly optimistic guess last year...
by Wabbit
Sat Nov 20, 2010 1:32 pm
Forum: Investing - Theory, News & General
Topic: Roth math.......
Replies: 14
Views: 1813

Although to add another complication, the finance buff pointed out on his website that we have a progressive taxation system that should be accounted for, instead of the constant fraction 0.33 for the taxes: http://thefinancebuff.com/2008/03/case-against-roth-401k.html To add more complications, I t...
by Wabbit
Thu Aug 12, 2010 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: Just opted out of CITI card "upgrade" to World Pay
Replies: 44
Views: 8379

According to the FatWallet thread, this new "World" card is not good for your credit because it has no pre-set spending limit. Cards that don't have a limit are treated differently on your credit report, because they cannot create a balance to limit ratio. When I read the letter I got in ...
by Wabbit
Thu Jul 29, 2010 8:06 pm
Forum: Investing - Help with Personal Investments
Topic: Boglehead View On Refinancing?
Replies: 16
Views: 1567

I think this is really a personal decision as to when you refinance. It sounds like you have a good grip on the math part; the subjective part comes into play as to what break-even point makes it worthwhile to you. You obviously (a) don't want a break-even point longer than you plan to stay in the h...
by Wabbit
Fri Jul 23, 2010 7:29 pm
Forum: Personal Consumer Issues
Topic: NY Times: The Web Means the End of Forgetting
Replies: 31
Views: 4113

In a way, I think the habits of people who google the names of potential applicants is more of a test of intelligence and commitment. If you're looking for a job, take the steps to clean up your online appearance. You definitely should take steps to clean up your online appearance when job searchin...
by Wabbit
Tue Jul 06, 2010 10:59 pm
Forum: Investing - Help with Personal Investments
Topic: Getting married in 3 months!
Replies: 33
Views: 3886

Re: Getting married in 3 months!

Congrats! We plan on consulting an attorney to discuss a pre-nup. As I understand it, you will both need your own attorney to do this. And also as I understand it, it is better to have done it some time before the wedding. Your attorney can tell you if that is true, but if you are thinking about it ...
by Wabbit
Wed Jun 30, 2010 10:40 pm
Forum: Investing - Theory, News & General
Topic: BOGLEHEAD CONTEST. MID-YEAR REPORT
Replies: 10
Views: 2077

Proud to be #281 out of 282! Darn my optimistic nature... :)

Thanks for the update, Taylor!
by Wabbit
Thu May 13, 2010 6:41 pm
Forum: Personal Consumer Issues
Topic: Anyone know how to get out of jury duy?
Replies: 74
Views: 12988

Whatever you end up trying, just make sure it's legitimate. In other words, don't go in there and tell the judge that you're prejudiced against certain ethnicities or the police or whatever unless it's actually true. Judges are fully aware that most people don't really want to serve on a jury and t...
by Wabbit
Thu Apr 22, 2010 11:17 am
Forum: Personal Consumer Issues
Topic: Why don't ATM machines stock larger denominations?
Replies: 15
Views: 5533

However, getting $50 bills wouldn't be so bad. I guess I am not sure why 50's are not more common. However, I have no problem generally with 20's which (still) have a lot of purchasing power and are universally accepted. I think this is caught in a loop: ATMs only give out 20s because many stores w...
by Wabbit
Wed Mar 03, 2010 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Married, But File Taxes as Singles?
Replies: 16
Views: 2978

Like others said, you can try both approaches and see which one results in the lower overall bill. I think that the tax code has many little "gotchas" to be careful of when filing MFS though. Others have mentioned tax credits that you lose from MFS status. I think that married filing separ...
by Wabbit
Thu Feb 11, 2010 12:48 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversion loophole??
Replies: 13
Views: 2613

Short answer is yes, you can do this, with caveats like pochax mentioned. I'd suggest you use the search feature on this board, there have been quite a few threads on the subject which should address most of your questions about it.

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