Search found 76 matches

by burnout454
Fri Sep 08, 2017 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Should I do 20 or 25 Year Term Life Insurance?
Replies: 49
Views: 3508

Re: Should I do 20 or 25 Year Term Life Insurance?

What is the cost if you split it 500k 20 years, 500k 25 years? You may not need as much after 20 years. I've played around with the laddering options, but can't really find one that saves me money. For example: 500k @ 20 years = $21/mo 500k @ 25 years = $37/mo TOTAL = $58/mo It's cheaper ($53) just...
by burnout454
Thu Sep 07, 2017 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: Should I do 20 or 25 Year Term Life Insurance?
Replies: 49
Views: 3508

Should I do 20 or 25 Year Term Life Insurance?

Trying to decide between 20 or 25 year term life insurance. Age: 34 Children: a 2-year-old and probably another in the next couple years. Probably both children would be age 18 by the time the 20 years policy ends. $1M @ 20 Year = $36/mo (or $423/yr) $1M @ 25 Year = $53/mo (or $623/yr) Compare the c...
by burnout454
Sun Jun 04, 2017 7:40 pm
Forum: Investing - Help with Personal Investments
Topic: What to do after maxing out all tax advantaged options?
Replies: 24
Views: 2728

Re: What to do after maxing out all tax advantaged options?

I have been a Bogleheads for the past 25 years but I did not discover this forum until a couple of years ago. I finally decided to register today to respond to this post and ask a couple of questions. Once one has maxed out all his or her tax-advantaged accounts, why not buying Berkshire Hathaway s...
by burnout454
Mon Apr 24, 2017 6:44 pm
Forum: Investing - Help with Personal Investments
Topic: Understanding 529 State Tax Benefits
Replies: 1
Views: 356

Understanding 529 State Tax Benefits

For federal income tax, I understand that 529s are like Roth IRAs insofar as you pay tax on the front end but not on qualified distributions. For state income tax, many states make them tax-deductible. Does this mean, that for state tax, they are essentially TAX FREE , insofar as contributions are t...
by burnout454
Thu Mar 30, 2017 5:46 pm
Forum: Investing - Help with Personal Investments
Topic: IRA Trade Commission Paid from non-IRA Cash?
Replies: 3
Views: 227

IRA Trade Commission Paid from non-IRA Cash?

If I trade a stock or (non-Vanguard) mutual fund in an IRA, must the $7 fee come out of the IRA cash?

Or is it possible to pay for the trade commission with cash from a non-retirement account?
by burnout454
Sun Dec 11, 2016 8:34 pm
Forum: Personal Consumer Issues
Topic: Coffee: "breakfast blend" vs "donut shop"
Replies: 10
Views: 7005

Re: Coffee: "breakfast blend" vs "donut shop"

The same brand has both donut shop and breakfast blend. Show I should assume that breakfast blend is lighter than donut shop?
by burnout454
Sat Dec 10, 2016 9:42 pm
Forum: Personal Consumer Issues
Topic: Coffee: "breakfast blend" vs "donut shop"
Replies: 10
Views: 7005

Coffee: "breakfast blend" vs "donut shop"

Does anyone know the difference between a "breakfast blend" coffee and a "donut shop" coffee? The Aldi brand has both.

Are Aldi's Barissimo K-Cups good coffee?
by burnout454
Thu Aug 04, 2016 11:16 pm
Forum: Investing - Help with Personal Investments
Topic: Timing The Market With REITS?
Replies: 8
Views: 1537

Re: Timing The Market With REITS?

Didn't Larry Swedroe just post an article arguing that you should not buy REITs now because of excessively high valuations? I don't recall any pushback on the forum.
by burnout454
Wed Aug 03, 2016 8:42 pm
Forum: Investing - Theory, News & General
Topic: Does an international index fund of free market countries exist?
Replies: 8
Views: 809

Re: Does an international index fund of free market countries exist?

Have you gone to Google and searched for "economic freedom index etf"? What did you find? What kind of specific things would you like posters here to help with that you didn't learn in your Google search? Sorry to have annoyed you. More than asking whether such a thing exists, I'm also pu...
by burnout454
Wed Aug 03, 2016 8:10 pm
Forum: Investing - Theory, News & General
Topic: Does an international index fund of free market countries exist?
Replies: 8
Views: 809

Does an international index fund of free market countries exist?

If free-market economies grow faster than other less free economies, does an index fund exist consisting only of countries that have (relatively) free markets? The idea would be, say, the countries in the "Free" and "Mostly Free" countries on the Heritage Foundation/WSJ Index of ...
by burnout454
Thu May 05, 2016 12:51 pm
Forum: Investing - Theory, News & General
Topic: Better Portfolio than Buffett's Recommended S&P 500?
Replies: 6
Views: 1549

Better Portfolio than Buffett's Recommended S&P 500?

Responses to this? The magic lies not so much in picking the best stocks as in avoiding the worst ones. Of the companies in the S&P 500 with a positive P/E ratio, for example, 43 have a return on equity less than 3 percent, and those 43 companies have an average P/E ratio of 62! Why would you pa...
by burnout454
Thu Apr 14, 2016 12:35 pm
Forum: Personal Consumer Issues
Topic: Scheduling Flight for Minimal Jet Lag
Replies: 17
Views: 1513

Re: Scheduling Flight for Minimal Jet Lag

avoid arriving prior to hotel check-in Hotel is a non-issue for me. If the advice is to sleep some on the plane, then it would be easier to sleep on the later flight, since my body will think it's bed time. On the other hand, if I sleep for 3-4 hours on the plane, will that mean that after arriving...
by burnout454
Thu Apr 14, 2016 8:02 am
Forum: Personal Consumer Issues
Topic: Scheduling Flight for Minimal Jet Lag
Replies: 17
Views: 1513

Re: Scheduling Flight for Minimal Jet Lag

OP here. Thanks for the feedback. I welcome more general comments on which is better for jet lag. But let me ask two follow-ups: 1. I will need to leave the house at 8:00am for the noon flight. Can someone remind me: before I leave if I start to adjust my sleep schedule by an hour or two to minimize...
by burnout454
Wed Apr 13, 2016 11:55 pm
Forum: Personal Consumer Issues
Topic: Scheduling Flight for Minimal Jet Lag
Replies: 17
Views: 1513

Scheduling Flight for Minimal Jet Lag

(I hope this can fit in the "consumer issues" sub-forum, since I'm purchasing a flight.) I'm flying from Chicago (CST) to Tel Aviv. I have two options for flights and am wondering which would be best for jet lag. Flight #1: departs Chicago at Noon and arrives 10:15am local time Flight #2: ...
by burnout454
Thu Jan 28, 2016 8:23 pm
Forum: Investing - Theory, News & General
Topic: Explain Profit, Profit Growth, & Stock Price
Replies: 3
Views: 385

Explain Profit, Profit Growth, & Stock Price

I think I know the answer to this question, but its still a little confusing. Maybe you can add clarity. My question: It seems like the increase of a stock's price depends not simply on profit, but on the growth of profit. Would a stock's price increase if a company's profit stays the same over time...
by burnout454
Fri Oct 30, 2015 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Approximating Social Security
Replies: 21
Views: 2770

Re: Approximating Social Security

Jeffyscott, Notice my original post. My question was not whether or not to opt out based on the math. Instead it was, if/when I opt out, how much will I need to save to replace SS. Others were questioning the practical benefit of doing so, not me. The background information in the most recent post w...
by burnout454
Fri Oct 30, 2015 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Approximating Social Security
Replies: 21
Views: 2770

Re: Approximating Social Security

A little more background for those questioning the wisdom of opting out: As an ordained minister, I also have the tax benefit of a "housing allowance." In other words, part of my pay is called a housing allowance and therefore non-taxable. This saves me about 6,000–7,000 in federal taxes. ...
by burnout454
Thu Oct 29, 2015 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Approximating Social Security
Replies: 21
Views: 2770

Re: Approximating Social Security

Although it's difficult to estimate the SS benefit, would I need to invest the full 14% of my income -- the equivalent of both employee and employer contribution -- to get close to replacing SS, assuming the investment makes a 6-7% long-term rate of return?
by burnout454
Wed Oct 28, 2015 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Approximating Social Security
Replies: 21
Views: 2770

Approximating Social Security

Unlike most, I have the option to opt out of social security. My question is not whether I should do so. Instead, my question is: if I were to do so, in order to match or beat what would have been my social security benefit, should I invest the approx 7% employee contribution or the full approx 14% ...
by burnout454
Sun Oct 11, 2015 8:16 am
Forum: Investing - Theory, News & General
Topic: Missing a Segment of Stocks in My Portfolio
Replies: 8
Views: 1068

Re: Missing a Segment of Stocks in My Portfolio

60% TSM + 40% SC would pretty much achieve your goal, at the lowest cost possible, would it not? This is virtually the same style wise and preferable I think. It's better to hold total market so as stocks grow or get smaller, then don't have to be removed from one fund and added to another. VB woul...
by burnout454
Sat Oct 10, 2015 11:18 pm
Forum: Investing - Theory, News & General
Topic: Missing a Segment of Stocks in My Portfolio
Replies: 8
Views: 1068

Re: Missing a Segment of Stocks in My Portfolio

why not extended market?


Well, I want the other fund to be small cap. Extended is too much mid cap. (I wish that Vanguard SC was smaller too.)
by burnout454
Sat Oct 10, 2015 4:04 pm
Forum: Investing - Theory, News & General
Topic: Missing a Segment of Stocks in My Portfolio
Replies: 8
Views: 1068

Re: Missing a Segment of Stocks in My Portfolio

So it would be highly unlikely that enough of those 150 stocks would outperform the rest of the market to make a difference?
by burnout454
Sat Oct 10, 2015 4:00 pm
Forum: Investing - Theory, News & General
Topic: Explain the Risk Premium
Replies: 28
Views: 2232

Re: Explain the Risk Premium

small_index wrote: The risk/reward relationship was uncovered through study and measurement, not reasoning. There might be no "per se" reason for it, but research papers found it and continue to confirm it. The issue I was getting at was whether the "risk/reward relationship" wa...
by burnout454
Sat Oct 10, 2015 8:38 am
Forum: Investing - Theory, News & General
Topic: Missing a Segment of Stocks in My Portfolio
Replies: 8
Views: 1068

Missing a Segment of Stocks in My Portfolio

Background: I am leaning towards equal parts LC & SC in my domestic equity allocation. An easy way to do this is 50/50 Vanguard LC + Vanguard SC. These two funds cover virtually all of TSM (because Vanguard LC contains Mega Cap + Mid Cap). But if I were instead to do 50/50 S&P 500 + Vanguard...
by burnout454
Sat Oct 10, 2015 8:20 am
Forum: Investing - Theory, News & General
Topic: Explain the Risk Premium
Replies: 28
Views: 2232

Explain the Risk Premium

The idea that higher risk yields higher returns has never made sense to me. Rick Ferri once explained: "Smaller companies tend to outperform larger companies over time. This is due to additional concentrated risks such as a narrow industry focus, less distribution, higher cost of capital, less ...
by burnout454
Mon Aug 24, 2015 6:22 pm
Forum: Investing - Theory, News & General
Topic: VHT down 27% - Glitch or missed opportunity
Replies: 59
Views: 8711

Re: VHT down 27% - Glitch or missed opportunity

I think something similar happened with Vangaurd Small Cap ETF this morning. It was down 10% for a while. Now Google finance shows that it bottomed at about -14%. But (and this may be a fluke) I have a screenshot on my iPhone showing it -19.35% ($92.93) at 8:37 (central time).
by burnout454
Mon Aug 24, 2015 9:13 am
Forum: Investing - Theory, News & General
Topic: Was vanguard.com slow for anyone else this morning?
Replies: 37
Views: 3438

Re: Was vanguard.com slow for anyone else this morning?

I missed out on some good sales! Vanguard small cap ETF especially (VB): down 14% at one point this morning and hovered around -10% for a while.

Good to know my buying power will be inhibited by vanguard's site at strategic moments (sarcasm).
by burnout454
Mon Aug 24, 2015 9:05 am
Forum: Investing - Theory, News & General
Topic: Was vanguard.com slow for anyone else this morning?
Replies: 37
Views: 3438

Was vanguard.com slow for anyone else this morning?

Was vanguard.com nearly unresponsive for anyone else in the first 30 minutes of trading this morning?
by burnout454
Fri Jan 30, 2015 11:43 am
Forum: Investing - Help with Personal Investments
Topic: How do I balance debt v. investing in my situation
Replies: 28
Views: 2631

Re: How do I balance debt v. investing in my situation

For the record, Dave Ramsey does NOT recommend taking money from retirement accounts to pay off debt (only to avoid foreclosure or bankruptcy).
by burnout454
Fri Jan 30, 2015 11:34 am
Forum: Investing - Help with Personal Investments
Topic: Is it unusual to have NO index fund options in 403(b)?
Replies: 10
Views: 961

Is it unusual to have NO index fund options in 403(b)?

My wife is a public school teacher in Illinois. Her 403b options are through TSA Consulting Group ( http://www.tsacg.com ). I was shocked that they have NO providers that offer low-cost index funds (see image below). The school's advisor did suggest that our only option for index funds would be thro...
by burnout454
Mon Jan 26, 2015 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Question on Interest Rates and the Fed
Replies: 3
Views: 650

Question on Interest Rates and the Fed

A simple question (I hope) . . . If the Fed were to increase interest rates, does that mean that the yield on the (10-year) treasury will go up from 1.80%? If you're wondering why I'm asking: Mortgage rates are closely associated with treasuries, and I'm curious what direct impact the Fed's rate wou...
by burnout454
Wed Mar 13, 2013 5:06 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey Defends His Investment Advice
Replies: 120
Views: 16902

Re: Dave Ramsey Defends His Investment Advice

A couple of points. First, none of us knows what he believes. Moreover, whether dishonest or merely misinformed, it is wrong to give advice if you're not qualified to do so (bear in mind the quote from Will Rogers to the effect that it's not what we don't know that causes problems, it's what we kno...
by burnout454
Wed Mar 13, 2013 4:16 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey Defends His Investment Advice
Replies: 120
Views: 16902

Re: Great is the enemy of good in this case.

You all have to understand something. WE ARE NOT NORMAL PEOPLE! We are people that care about and can understand the concepts and math of investing. WE ARE THE MINORITY! Dave is trying to find a one size fits all system for the masses because on a radio show, you can't get into all the specifics to...
by burnout454
Wed Mar 13, 2013 4:12 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey Defends His Investment Advice
Replies: 120
Views: 16902

Re: Dave Ramsey Defends His Investment Advice

Having an impression of Dave’s character, I give him the benefit of the doubt that he has noble intentions. And if he profits from helpful service, that is capitalism at its best. I could not disagree more. People with "noble intentions" don't direct investors toward investments with fee ...
by burnout454
Wed Mar 13, 2013 2:24 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey Defends His Investment Advice
Replies: 120
Views: 16902

Dave Ramsey Defends His Investment Advice

Dave Ramsey Defends His Investment Advice First, I’m a big fan of Dave Ramsey. He has helped turn me away from financial ignorance and misbehavior. Not only is his overall message sound (live below your means, avoid debt, save & invest, etc.), I believe that he is honest and that his intentions ...
by burnout454
Fri May 11, 2012 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Is Bank of America tricking me on foreclosure purchase?
Replies: 70
Views: 4364

Re: Is Bank of America tricking me on foreclosure purchase?

We've come to a verbal agreement at 180 (with 2k closing costs). More and more I've been thinking that there probably is a second bidder, but that ours was preferable because the other had contingencies (maybe pending sale of home or something else). I'll always wonder what the exact circumstances w...
by burnout454
Thu May 10, 2012 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: Is Bank of America tricking me on foreclosure purchase?
Replies: 70
Views: 4364

Re: Is Bank of America tricking me on foreclosure purchase?

Thanks for the help everyone. It's been very helpful for processing all of this. I'll give an update tomorrow.
by burnout454
Thu May 10, 2012 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Is Bank of America tricking me on foreclosure purchase?
Replies: 70
Views: 4364

Re: Is Bank of America tricking me on foreclosure purchase?

I suggest that you buy a good book on negotiation and read it. I guarantee you it will be one of the best investments you can make. I don't want to claim that I am the greatest negotiator. But in this case I don't think we made a mistake, given the information we were told about the circumstances. ...
by burnout454
Thu May 10, 2012 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Is Bank of America tricking me on foreclosure purchase?
Replies: 70
Views: 4364

Re: Is Bank of America tricking me on foreclosure purchase?

I know it sucks now that your hand was already played, but if you buy this house for 179K or 181K, will you really be dwelling on this in 5 years? Like Joppy mentioned before, how are other comps in the area priced compared to this house? Maybe, if you haven't already done so, go check out the othe...
by burnout454
Thu May 10, 2012 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Is Bank of America tricking me on foreclosure purchase?
Replies: 70
Views: 4364

Re: Is Bank of America tricking me on foreclosure purchase?

I am surprised your realtor did not explain the process to you when asking for your best and final offer, although given his or her incentive to get a deal done, maybe I shouldn't be. Watch Pawn Stars enough and the words "final offer" lose their meaning pretty quickly. But this was a mul...
by burnout454
Thu May 10, 2012 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Is Bank of America tricking me on foreclosure purchase?
Replies: 70
Views: 4364

Re: Is Bank of America tricking me on foreclosure purchase?

I suggest that you buy a good book on negotiation and read it. I guarantee you it will be one of the best investments you can make. If you are like me, you should go into negotiations with a team mate (a realtor, in this case) who is better than you at the game. - Porcupine I don't want to claim th...
by burnout454
Thu May 10, 2012 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Is Bank of America tricking me on foreclosure purchase?
Replies: 70
Views: 4364

Re: Is Bank of America tricking me on foreclosure purchase?

I'm the OP. I've assumed up to this point that the bank was insinuating the other bidder was higher than me (whether a lie or not).

But now I'm leaning toward the possibility that I was in fact the high bidder, now being lured into a higher price.
by burnout454
Thu May 10, 2012 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Is Bank of America tricking me on foreclosure purchase?
Replies: 70
Views: 4364

Re: Is Bank of America tricking me on foreclosure purchase?

JW Nearly Retired wrote:Is this the first one you made an offer on in your house search? Your responses to the bank make it seem like it is.


Why is that?
by burnout454
Thu May 10, 2012 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Is Bank of America tricking me on foreclosure purchase?
Replies: 70
Views: 4364

Re: Is Bank of America tricking me on foreclosure purchase?

Here's the thing, you already showed the seller (bank) your cards when you offered $177K. You can not restart the clock and renegotiate from your initial offer of $153K, you made a I think he already knows and regrets that fact. Well, we bid the right number under the circumstances as they were tol...
by burnout454
Thu May 10, 2012 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Is Bank of America tricking me on foreclosure purchase?
Replies: 70
Views: 4364

Re: Is Bank of America tricking me on foreclosure purchase?

OP, another question I'd have is how long the house has been on the market. If it's been on the market for months, it's suspicious that there would suddenly be two viable offers on the table. So chances are the bank is bluffing about the other offer, or it's not a credible or viable offer. Is the h...
by burnout454
Thu May 10, 2012 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Is Bank of America tricking me on foreclosure purchase?
Replies: 70
Views: 4364

Re: Is Bank of America tricking me on foreclosure purchase?

Or is the intention of "else" in "anyone else" meant to convey the idea that you want to hear of even more similar experiences, so else is relative to the previous responders as opposed to just relative to yourself? I'm interested in any and all opinions, but I re-asked for simi...
by burnout454
Thu May 10, 2012 8:13 am
Forum: Personal Finance (Not Investing)
Topic: Is Bank of America tricking me on foreclosure purchase?
Replies: 70
Views: 4364

Re: Is Bank of America tricking me on foreclosure purchase?

One side of the scale: You get the house you really want, pay $4,000 more than you thought you was agreed on, and live with the thought that Bank of America might well have lied to you Agreed. We don't want to lose the house for $4,000. It's just that we have a bad taste in our mouth about the whol...
by burnout454
Thu May 10, 2012 8:00 am
Forum: Personal Finance (Not Investing)
Topic: Is Bank of America tricking me on foreclosure purchase?
Replies: 70
Views: 4364

Re: Is Bank of America tricking me on foreclosure purchase?

It's only 4k... if you really want the house, I say just accept. You could probably meet int he middle at 179 and they'd say yes... banks don't want to own houses.... Agreed, except that it smells fishy to us. If it is fishy, we don't like the idea of paying close to asking price when we could have...
by burnout454
Thu May 10, 2012 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Is Bank of America tricking me on foreclosure purchase?
Replies: 70
Views: 4364

Is Bank of America tricking me on foreclosure purchase?

We could really use your advice, because we'd really like to purchase this home. We need to decide what to do today . My wife and I made an offer on a bank-owned foreclosure listed at 183k. We started at 153k. Within 24 hours we were told that there was a multiple offer situation and we needed to ge...