Search found 416 matches

by derosa
Sat Feb 06, 2016 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Accelerating financial independence by living with father-in-law?
Replies: 20
Views: 1936

Re: Accelerating financial independence by living with father-in-law?

What part of independence is an adult moving in with their parents? For no real reason. Make more money if you are looking for financial independence.

You have your own family and their life. Go live your own life.
by derosa
Sun Jan 31, 2016 6:29 pm
Forum: Personal Consumer Issues
Topic: Replacing timing belt on 2009 Accord(Do it or sell?)
Replies: 66
Views: 3418

Re: Replacing timing belt on 2009 Accord(Do it or sell?)

Replace the timing belt. This is no brainer stuff. This is maintenance cost of ownership stuff. The fact that you are questioning this tells me you don't change your oil??? You have some mileage / time to work around. Its not like its going to brake 500 miles over the recommended change interval. Bu...
by derosa
Sat Jan 23, 2016 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: Better to be Paid on W-2 or as an Independent Contractor?
Replies: 15
Views: 1514

Re: Better to be Paid on W-2 or as an Independent Contractor?

Being an employee or an independent contractor is not determined by pay. It's defined by how you work. There are very specific rules and definitions of what makes a worker an employee or a contractor. Just think - how does a contractor get a paid day off? You are independent- right? Are you in charg...
by derosa
Sat Jan 23, 2016 8:29 pm
Forum: Investing - Help with Personal Investments
Topic: How bad off are we?
Replies: 24
Views: 3746

Re: How bad off are we?

Remember that you control what you spend.

You also control what you save.

If your analysis doesn't show you what you prefer the spend less which will help you save more
by derosa
Sat Jan 23, 2016 3:22 pm
Forum: Investing - Theory, News & General
Topic: What was the 2000 crash like in real time?
Replies: 65
Views: 5379

Re: What was the 2000 crash like in real time?

Who knows? The same thing for 1987 or 2008 or 2016.

Life is too busy to watch paint dry. "In real time" makes it sound like a movie that you are watching a movie or something.
by derosa
Sat Jan 23, 2016 3:19 pm
Forum: Investing - Help with Personal Investments
Topic: Annuities
Replies: 12
Views: 1161

Re: Annuities

From what little you have presented it is really impossible to say what might or might not be appropriate. Any additional details?
by derosa
Sat Jan 23, 2016 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Help me settle this investment argument with my spouse.
Replies: 25
Views: 2683

Re: Help me settle this investment argument with my spouse.

I can't say what you should do. I will comment on your adjectives your choice of words. If he was a "good" guy and a "friend" he wouldn't have left you hanging in the earlier work. Good guys and friends don't exhibit this behavior. Seems like he kicked the two of you to the side ...
by derosa
Sat Jan 23, 2016 3:09 pm
Forum: Investing - Theory, News & General
Topic: Getting stuck in an Asset Allocation you don't want
Replies: 37
Views: 3329

Re: Getting stuck in an Asset Allocation you don't want

Maybe it is the phrasing of the subject but one is never "stuck" with an asset allocation. You can change that at any and as many times as you want. You could change it 3 times next week. Now would changing it 3 times in one week be smart - of course not. The point is that you can change a...
by derosa
Sat Jan 23, 2016 2:54 pm
Forum: Personal Consumer Issues
Topic: Interior house paint gone bad?
Replies: 10
Views: 1179

Re: Interior house paint gone bad?

Yes. Paint does not last forever. Use it or lose it. IF the solids are settled out on the bottom you might be able to have the store shake it enough that you could paint with it. Of course the color may not quite match. On the other hand after paint has been on your walls for 5 years it probably doe...
by derosa
Fri Jan 22, 2016 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Car insurance trying to deny injury claim?
Replies: 18
Views: 1362

Re: Car insurance trying to deny injury claim?

Seems like the adjuster or the insurance company might think there are 'games' going on with the hitch on, now off, now on. Don't know --
by derosa
Fri Jan 22, 2016 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: What would a Boglehead do? (CC Debt Dilemma)
Replies: 62
Views: 3819

Re: What would a Boglehead do? (CC Debt Dilemma)

An emergency fund earning 0.5%.

Debt at 24%.

What could be worse than saving money at .5% when you can get 24%?
by derosa
Thu Jan 21, 2016 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Here We Go Again: SWR 2.5% or 5.5%?
Replies: 102
Views: 6979

Re: Here We Go Again: SWR 2.5% or 5.5%?

Wade Pfau has academic credentials but today is paid by the insurance industry - American College - NY LIfe. So his recent work includes assumptions like accounting for 1% advisor fees and high cost funds (in the .6% - .7% range. You subtract those numbers from 4 or 4.5% and that leaves you with... ...
by derosa
Thu Jan 21, 2016 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Here We Go Again: SWR 2.5% or 5.5%?
Replies: 102
Views: 6979

Re: Here We Go Again: SWR 2.5% or 5.5%?

Let's wish that our odds of living for that 30 years of SWR were as good as the odds of the money living that long! Per a Kitces article there is only an 18% chance that ONE person of a 65 year old couple will live for another 30 years. WCI, EmergDOc, has written about these low survival odds as wel...
by derosa
Wed Jan 20, 2016 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Medigap plan F--Aetna or Statefarm
Replies: 23
Views: 1544

Re: Medigap plan F--Aetna or Statefarm

By law all of the plans are identical for each letter. No matter who sells it and no matter what the premium. The coverage is identical. Depending on zipcode and company premiums can vary a lot. The only difference is the premium. Why is the same plan priced differently for different carriers? They ...
by derosa
Tue Jan 19, 2016 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance question as sole beneficiary
Replies: 32
Views: 2263

Re: Inheritance question as sole beneficiary

It is your money. It was left to you. Since it is your money you can do whatever you want with it.
by derosa
Mon Jan 11, 2016 4:07 pm
Forum: Investing - Help with Personal Investments
Topic: Time and cost of owning 3.5 acres?
Replies: 24
Views: 1992

Re: Time and cost of owning 3.5 acres?

"the cost to connect" could be a lot higher than you think. Call the water and sewer service people and get the specifics for both water and sewer to physically connect. Don't be surprised if the connection / tap fee could be in the $1000s. Every place is different. Our neighborhood (half ...
by derosa
Mon Dec 28, 2015 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Article on retirement withdrawal strategy
Replies: 81
Views: 6784

Re: Article on retirement withdrawal strategy

Rebalancing is the 2nd strategy that Darrow tested.

While almost identical success rate the median ending value was over $2M less for rebalancing compared to equal withdrawals.
by derosa
Fri Dec 04, 2015 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard TurboTax - Not Available 2015?
Replies: 319
Views: 30421

Re: Vanguard TurboTax - Not Available 2015?

Remind me why doing tax returns is part of Vanguard's business?

It bothers me that they are in the tax return business at all.

Can't in any way see how it does nothing but increase my costs and therefore reduces my returns.
by derosa
Mon Aug 03, 2015 3:48 pm
Forum: Investing - Help with Personal Investments
Topic: VBILX for Emergency Fund
Replies: 10
Views: 1138

Re: VBILX for Emergency Fund

I am always curious about people who have emergency funds of such and such amount. Isn't your whole portfolio available as an emergency fund? To me the concept of an emergency fund is for people who haven't saved one dollar. What are you going to do when the garage door doesn''t open? If the need is...
by derosa
Mon Aug 03, 2015 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Car price negotiation--already discounted?
Replies: 13
Views: 1513

Re: Car price negotiation--already discounted?

Go to the consumer reports car issue or their site. that would be your starting point for reliabilty, pricing, maintenance, etc. If you are so inclined to spend a few bucks with them you can get more detail than you want. They also have ideas on negotiating, etc. Keep in mind that unless you are com...
by derosa
Sun Aug 02, 2015 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: Is Is Wise Not To Factor Social Security/Medicare Into Your Retirement Plans?
Replies: 20
Views: 1706

Re: Is Is Wise Not To Factor Social Security/Medicare Into You Retirement Plans?

Very few people put off SS until age 70. It is only 3% or 4% of people who wait until 70. Close to 60% take it at 62. Don't let the people on this board get you thinking everyone is doing it. this board is a very small, self selected group of people. Their described, self reported actions are clearl...
by derosa
Sun Aug 02, 2015 2:32 pm
Forum: Personal Consumer Issues
Topic: Tipping House Painters
Replies: 8
Views: 1023

Re: Tipping House Painters

Paint the trim and a few windows - $3,700.

Gave them cooler with bottled water.

At the end gave each of the 4 guys $50. Did a clean job, timely, responsive, etc. NOthing for the owner.
by derosa
Sat Aug 01, 2015 7:55 pm
Forum: Personal Consumer Issues
Topic: is 7200 rpm hard drive that much faster than 5400 rpm?
Replies: 50
Views: 4889

Re: is 7200 rpm hard drive that much faster than 5400 rpm?

Programmers spend most of their day reading and typing.

And, oh yeah, thinking.

And the hard drive is doing nothing but burning electricity at that point.

If someone claims they can tell the difference in rpms between two hard drives they must be selling hard drives.
by derosa
Sat Aug 01, 2015 7:43 pm
Forum: Personal Consumer Issues
Topic: is 7200 rpm hard drive that much faster than 5400 rpm?
Replies: 50
Views: 4889

Re: is 7200 rpm hard drive that much faster than 5400 rpm?

Who cares how fast the hard drive is?

How fast is the screen refresh or any other technical nuts and bolts under the hood geek crap? That's like buying a car based on the type of starter.

What difference does that make if you then spend NN minutes reading the screen after it is displayed.
by derosa
Sat Aug 01, 2015 7:39 pm
Forum: Personal Consumer Issues
Topic: AAA Plus worth it?
Replies: 31
Views: 2364

Re: AAA Plus worth it?

Always seems like AAA members don't ever use the discounts provided. Over the course of a year you should easily be able to cover the cost of any of their programs with the discounts alone. But it is up to you to educate yourself about them and take advantage of them. So for me AAA is 'free.' I use ...
by derosa
Sat Aug 01, 2015 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Majority of units in my condo assoc are owned by investors. Is this bad?
Replies: 21
Views: 2391

Re: Majority of units in my condo assoc are owned by investors. Is this bad?

Renters simply don't (on the whole) have the same level of interest (maintenance, care, upkeep, pride,etc) in a place that owners (on the whole) do.

Not that hard to understand.
by derosa
Fri Jul 31, 2015 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Opening a franchise
Replies: 27
Views: 3033

Re: Opening a franchise

Uhhh - No. Can you get a jimmy johns in just one unit? Why would you want just one unit anyway? Places like subway etc usually have 3 or more units minimum. Having done a franchise you will work your tail off and you will hope to have positive result the first year. I didn't do food but what i heard...
by derosa
Thu Jul 30, 2015 4:04 pm
Forum: Investing - Theory, News & General
Topic: Does VTSAX Needlessly Holds Too Many Stocks?
Replies: 21
Views: 1937

Re: Does VTSAX Needlessly Holds Too Many Stocks?

Keep in mind that you buying the results (tracking an index) of the process and not the process (what to buy and when to sell). Who cares what they own as long as they track the index very closely.

Its like deciding what car to by based on the type of starter used. Who cares as long as it starts.
by derosa
Sun Jul 26, 2015 8:16 pm
Forum: Investing - Theory, News & General
Topic: Scott Burns – Don’t quit your day job.
Replies: 103
Views: 11141

Re: Scott Burns – Don’t quit your day job.

Been reading Scott a long time. And I would say that in his old age he has gotten a little - how to put it? - cranky? I don't know. Thinks the tea party stuff for taxation is good. I don't know. He used to be commonsense and practical information. when he was journalist. It seems that since he start...
by derosa
Sun Jul 26, 2015 7:50 pm
Forum: Investing - Help with Personal Investments
Topic: Golden handcuffs - help with vested retirement plan
Replies: 28
Views: 3195

Re: Golden handcuffs - help with vested retirement plan

I guess a question to the OP is that you knew the salary and the contribution/vesting plan when you signed up. Right? What has caused you in the first months on this new job to have these thoughts? My take is that not enough time and thought went into this position, this employer and their compensat...
by derosa
Sun Jul 26, 2015 7:38 pm
Forum: Investing - Help with Personal Investments
Topic: Helping Mom - I'm Concerned About Her Advisor
Replies: 24
Views: 1989

Re: Helping Mom - I'm Concerned About Her Advisor

Not clear how much your mother wants to make a change at this time. It seems like she is comfortable with the situation. Has she asked specifically for options to her current situation? Or are you coming forward on your own? If it is not her idea you may have to back off. You can provide background ...
by derosa
Thu Jul 23, 2015 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: Help Parents set up Investments
Replies: 6
Views: 502

Re: Help Parents set up Investments

Lifestrategy funds are fine. You may want to look at the middle 2 - moderate and conservative growth. Don't let the tax tail wag the dog - if you know what i mean. You could do the PAS for a year to get started and then revisit that process in the 2nd or 3rd year. A key is to know what you are tryin...
by derosa
Thu Jul 23, 2015 4:32 pm
Forum: Personal Consumer Issues
Topic: Asking for separate checks?
Replies: 88
Views: 7203

Re: Asking for separate checks?

Lots of places can split up the check for bills however you want them. No math on your part required.
by derosa
Mon Jul 20, 2015 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: How much cash - need help giving advice to mother
Replies: 11
Views: 1181

Re: How much cash - need help giving advice to mother

Haven't read the article so can't speak to that. $200,000 is about 4% of her portfolio. Not exactly clear what her expenses are from the post. But lets' just say $100k a year for example purposes. If she wants to put that in cash - savings account, money market, in a credit union down the street - g...
by derosa
Sun Jul 19, 2015 1:24 pm
Forum: Personal Consumer Issues
Topic: Philosophical HVAC Question: When to Replace AC/furnace
Replies: 24
Views: 2050

Re: Philosophical HVAC Question: When to Replace AC/furnace

You energy bills are dirt cheap. Both on the heat and cool side. Enjoy that. At that age i would suggest you get them checked annually. Fall / early winter for heat side. Spring / early summer for the cool side. If you haven't had them checked they are probably filthy. Who knows where the refrigeran...
by derosa
Sun Jul 19, 2015 1:17 pm
Forum: Personal Consumer Issues
Topic: How do I fix a hole in this wooden door?
Replies: 42
Views: 2885

Re: How do I fix a hole in this wooden door?

Hang a mirror over it.
by derosa
Sun Jul 19, 2015 1:16 pm
Forum: Investing - Help with Personal Investments
Topic: To roll or not to roll - (former employer 401-K)
Replies: 10
Views: 717

Re: To roll or not to roll - (former employer 401-K)

When you roll it over - now you have control. You aren't wondering next year or 5 years from now what will i do. What will they do, etc etc. Do it and be done with it. Your concerns about rollover are small. There are tons of planning tools out there - that should have no bearing on your planning - ...
by derosa
Sun Jul 19, 2015 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Why did you take SS at FRA instead of delaying until 70?
Replies: 69
Views: 8291

Re: Why did you take SS at FRA instead of delaying until 70?

There are many reasons why people choose to take early. Over 95% take it before 70. So it is not 100% a financial calculation. All the articles focus on the financial calculation. Thats what they need to write about isn't it? Shame people to make them feel bad that they did. We both took it at 62. U...
by derosa
Sat Jul 18, 2015 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard's new Personal Advisor Services
Replies: 56
Views: 10182

Re: Vanguard's new Personal Advisor Services

Can you really believe that someone who is an advisor is worried about VG coming after their clients? It says to me is that those guys are not doing a very good job running their business. And they have no concept of how expensive it would be for someone to cold call people to unknown people to gene...
by derosa
Sat Jul 18, 2015 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement within 1 year
Replies: 33
Views: 4815

Re: Retirement within 1 year

You want security with no risk and highest return. Unfortunately the financial markets don't work that way. To get any return at all you have to take risk - there is no other way. No risk = no return. You can see that with your savings account. You are earning virtually nothing in a savings account....
by derosa
Sat Jul 18, 2015 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on medical bills
Replies: 12
Views: 1547

Re: Advice on medical bills

Assume that the vast portion of the bill is being paid by insurance. You portion is about $500 per month. No interest. Guessing that this is more than you can handle on cash flow basis each month? Would figure out what you can afford each month if $500 is too much. $300 / month is about 20 months fo...
by derosa
Fri Jul 17, 2015 12:27 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Managed Payout Fund
Replies: 31
Views: 2502

Re: Vanguard Managed Payout Fund

For someone who doesn't want to be responsible i would suggest one of the two middle lifestrategy funds - moderate and conservative. Tell her she can take out 5% of the balance once a year or 2.5% twice a year - whatever schedule works for her. One fund, one or two withdrawals. Doesn't get much simp...
by derosa
Fri Jul 17, 2015 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: 60K Car Maintenance Service = $600. Is this Reasonable?
Replies: 51
Views: 4750

Re: 60K Car Maintenance Service = $600. Is this Reasonable?

Let me see if I understand this. The difference between the dealer and the local highly rated independent garage is $8? $8?? I am not sure what your question is about. I guess your term for highly rated means that they are pretty darn good? They know what they are doing? So for the exact same set of...
by derosa
Thu Jul 16, 2015 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Take an annuity or lump sum?
Replies: 16
Views: 1705

Re: Take an annuity or lump sum?

I don't see any mention of cost of living adjustment on the pension? I may have overlooked it. I guess i see this from a more personal side. Take the money and you can do what you want with it for the rest of your life. There is no other party involved in any way. You have total and complete control...
by derosa
Thu Jul 16, 2015 10:35 am
Forum: Investing - Help with Personal Investments
Topic: All Eggs in One Basket?
Replies: 20
Views: 2516

Re: All Eggs in One Basket?

Brokerage account and mutual funds at VG or anywhere for that matter are two quite different things. Brokerage has the SIPC backup. Mutual funds don't since they are not in a brokerage account.
by derosa
Tue Jul 14, 2015 7:28 pm
Forum: Investing - Theory, News & General
Topic: Tilting allocation - Energy
Replies: 20
Views: 1517

Re: Tilting allocation - Energy

What specifically are the "extreme times" that you are referring to? When you mention energy it suggests that you think there are problems in the energy markets. Right now they are cheap. Take 5 or 10% of your portfolio and it is "play money." Have some fun - have something to ro...
by derosa
Tue Jul 14, 2015 7:23 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Expensive index or active fund?
Replies: 14
Views: 1079

Re: 401k Expensive index or active fund?

I guess I am not clear - are you splitting your 401K into at least 5 different fund contributions each year?

Not knowing the rest of your portfolio that seems to be spreading things around and thinly? A more concentrated contribution won't be any cheaper of course.
by derosa
Tue Jul 14, 2015 7:19 pm
Forum: Investing - Help with Personal Investments
Topic: Company 401k with High(ish) Annual Expenses
Replies: 4
Views: 357

Re: Company 401k with High(ish) Annual Expenses

You have to do the match - that is a given.

You have said you will be gone in 2-3 years. Roll it over as you stated.

Its a reasonable thought given the above 2 statements to do the lowest cost option. THeir match will cover the account fee and ER so you are ahead.
by derosa
Mon Jul 13, 2015 12:11 pm
Forum: Personal Consumer Issues
Topic: Facebook's malware scan- legitimate or malware? Invasive?
Replies: 42
Views: 3384

Re: Facebook's malware scan- legitimate or malware? Invasive?

Let the security company do its scan.

Something that helps keep crap off the internet is a plus.

Get on with life.
by derosa
Fri Jul 10, 2015 8:05 pm
Forum: Personal Consumer Issues
Topic: Vanguard phonecall asking for personal information
Replies: 47
Views: 4005

Re: Vanguard phonecall asking for personal information

Gee that thing that was quoted about a rule isn't a rule - its a guideline.

Security questions are just that security questions. Unless you made your account number the answer to the question? Oh dear.

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