Search found 1056 matches

by feh
Tue May 16, 2017 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else agree with my logic on silicon valley housing?
Replies: 84
Views: 6639

Re: Anyone else agree with my logic on silicon valley housing?

GrandDesigns wrote:
TL;DR: Thoughts on the perils of justifying huge amounts of debt based on having a large income.


15 years ago I considered moving from WI to SF. After evaluating the increase in both wages and cost of living, it made sense to stay put. I think that is even more true today.
by feh
Tue May 16, 2017 11:45 am
Forum: Investing - Theory, News & General
Topic: When 60/40 just isn't appropriate
Replies: 182
Views: 26056

Re: When 60/40 just isn't appropriate

Sorry to bump What a waste of time reading pages upon pages of comments on this thread by most people who are still working. Need to see what retire or about to retire people are thinking about asset allocation. These are people with social security and/or pension. That makes a hell of decisions on...
by feh
Sat May 13, 2017 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: Who really needs an umbrella insurance?
Replies: 38
Views: 4858

Re: Who really needs an umbrella insurance?

goingup wrote: Unless you feel like you're in a profession that puts a target on your back, I wouldn't spend the extra $200 a year until you have some assets to protect.


+1
by feh
Wed May 10, 2017 12:33 pm
Forum: Investing - Theory, News & General
Topic: guaranteed 5% vs stocks?
Replies: 208
Views: 29742

Re: guaranteed 5% vs stocks?

Thanks...it's in the letter, but the letter isn't on me at the moment. So... ** The Insight Savings Account ('Savings Account') is made available to Cardholders through Republic Bank of Chicago®, Members FDIC. As of January 1, 2017, the Annual Percentage Yield ('APY') is 5.00%. This rate is subject...
by feh
Wed May 10, 2017 10:40 am
Forum: Investing - Theory, News & General
Topic: guaranteed 5% vs stocks?
Replies: 208
Views: 29742

Re: guaranteed 5% vs stocks?

And another one bites the dust... Insight is getting out of the game completely; just received a letter in the mail today that they're going w/ another bank, and the savings rates goes to 0.0%...not even just a reduction in the amount. Oh well. The new bank is providing the same service as before -...
by feh
Tue May 09, 2017 10:20 pm
Forum: Investing - Theory, News & General
Topic: guaranteed 5% vs stocks?
Replies: 208
Views: 29742

Re: guaranteed 5% vs stocks?

And another one bites the dust... Insight is getting out of the game completely; just received a letter in the mail today that they're going w/ another bank, and the savings rates goes to 0.0%...not even just a reduction in the amount. Oh well. The new bank is providing the same service as before -...
by feh
Tue May 09, 2017 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Are we doing better now?
Replies: 20
Views: 2894

Re: Are we doing better now?

With our maxed out Roths and with current 401K contribution rates, we are sitting at 15% of gross monthly income going towards retirement. Obviously, more is better, but is 15% considered not enough? Depends on how much you already have saved, and at what age you'd like to be financially independen...
by feh
Tue May 09, 2017 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Are we doing better now?
Replies: 20
Views: 2894

Re: Are we doing better now?

With our maxed out Roths and with current 401K contribution rates, we are sitting at 15% of gross monthly income going towards retirement. Obviously, more is better, but is 15% considered not enough? Depends on how much you already have saved, and at what age you'd like to be financially independent.
by feh
Tue May 09, 2017 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Are we doing better now?
Replies: 20
Views: 2894

Re: Are we doing better now?

I understand that with a username like cashisking500 this might be unpalatable to you but I would give serious thought just paying off both car loans and using the freed up cashflow to increase your 401k contributions to 10% each, rebuild your cash reserves, and even consider a 15yr mortgage instea...
by feh
Tue May 09, 2017 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Are we doing better now?
Replies: 20
Views: 2894

Re: Are we doing better now?

mortfree wrote:
I think your 401k contributions could be much higher, like 10% minimum.


+1
by feh
Tue May 02, 2017 9:39 pm
Forum: Personal Consumer Issues
Topic: house washing - how long does it stay clean?
Replies: 5
Views: 823

house washing - how long does it stay clean?

Hi folks.

Our home has vinyl siding, and the northern/shady areas have lichen/mildew that I'd like to get removed. My question is - how long until it returns? We'll likely be selling our house in a couple years, and only want to do this once.

Thanks.
by feh
Tue May 02, 2017 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Banking in Marriage
Replies: 66
Views: 4346

Re: Banking in Marriage

runfast4 wrote:We are starting basically fresh out of college, so we are saving as much as we can and trying to live small.


First marriage, little to no net worth - I suggest joint accounts. You are a team, both emotionally and financially.

That is my free-of-charge marital advice. :wink:
by feh
Mon May 01, 2017 3:08 pm
Forum: Personal Consumer Issues
Topic: Microsoft, I want my computer back!
Replies: 165
Views: 11442

Re: Microsoft, I want my computer back!

Yep. Bill Gates and Steve Balmer are billionaires and we are not. Not hard to see why. Were I a true computer geek, I would go with Linux. But I am not and that is why I buy from Bill and Steve. You don't need to be a true computer geek. Go to http://www.linuxmint.com, download and burn an image to...
by feh
Mon May 01, 2017 2:38 pm
Forum: Personal Consumer Issues
Topic: Microsoft, I want my computer back!
Replies: 165
Views: 11442

Re: Microsoft, I want my computer back!

Didn't read the entire thread... Lots of disk activity and unresponsiveness can be symptoms of inadequate memory. How much RAM does the machine have? Processor 3.30 Gigahertz Memory 4.00 GB (2.92 useable) Windows 10 Take this with a grain of salt, as I am not a Windows expert... I would say 3 GB is...
by feh
Mon May 01, 2017 12:26 pm
Forum: Personal Consumer Issues
Topic: Car maintenance for older cars - where do you go ?
Replies: 52
Views: 3597

Re: Car maintenance for older cars - where do you go ?

emoore wrote:For all my cars I do the regular maintenance. It's easy enough to do oil changes, filter changes, brakes, etc. I only take it to a mechanic if I can't figure it out or it's too much of a pain.


+1
by feh
Mon May 01, 2017 12:18 pm
Forum: Personal Consumer Issues
Topic: Microsoft, I want my computer back!
Replies: 165
Views: 11442

Re: Microsoft, I want my computer back!

Didn't read the entire thread...

Lots of disk activity and unresponsiveness can be symptoms of inadequate memory. How much RAM does the machine have?
by feh
Fri Apr 28, 2017 7:03 am
Forum: Personal Finance (Not Investing)
Topic: Helping adult children
Replies: 81
Views: 8097

Re: Helping adult children

msk wrote:Seems pretty absurd to me that nobody would object to the parents gifting a million $ to charity, but then nothing is to be gifted to their own kids because they ought to be responsible, independent adults?


Some people never learn how to ride a bike if you don't remove the training wheels.
by feh
Tue Apr 25, 2017 3:25 pm
Forum: Investing - Theory, News & General
Topic: Is $20K I-Bonds considered cash or bond?
Replies: 62
Views: 4447

Re: Is $20K I-Bonds considered cash or bond?

I don't view my portfolio as equities/bonds. I view it as equities/fixed income, where fixed income includes anything that provides interest on a regular basis (bond funds, CDs, individual bonds). Where would you classify High Yield bonds? I think you are on the right track, but for me the divide h...
by feh
Tue Apr 25, 2017 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Helping adult children
Replies: 81
Views: 8097

Re: Helping adult children

Swampy wrote: Your son's are both self sufficient adults, allow them that dignity to fully evolve, hardships and all.


+1

If son #1 is gainfully employed (to the point where his wife can stay at home), I don't understand why any financial assistance is being provided.
by feh
Tue Apr 25, 2017 12:05 pm
Forum: Investing - Theory, News & General
Topic: Is $20K I-Bonds considered cash or bond?
Replies: 62
Views: 4447

Re: Is $20K I-Bonds considered cash or bond?

I don't view my portfolio as equities/bonds. I view it as equities/fixed income, where fixed income includes anything that provides interest on a regular basis (bond funds, CDs, individual bonds).
by feh
Tue Apr 18, 2017 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: $10 withdrawal by the IRS?
Replies: 17
Views: 1911

Re: $10 withdrawal by the IRS?

I have an explanation! This is the first year my teenage son filed a federal tax return, and he owed $10. I was showing him how the process worked, and must have used my bank account for the ACH withdrawal. So, nothing nefarious. It should be noted that the name associated w/ the transaction was my ...
by feh
Tue Apr 18, 2017 9:55 am
Forum: Personal Finance (Not Investing)
Topic: $10 withdrawal by the IRS?
Replies: 17
Views: 1911

Re: $10 withdrawal by the IRS?

The IRS could have made a correction on your return, for math or a limited deduction, but they would have sent you a correction notice in the US mail first. Was the earlier payment short by $10 somehow? Deposit for tax refund was exact amount I was expecting. Withdrawal for estimated tax payment wa...
by feh
Tue Apr 18, 2017 8:16 am
Forum: Personal Finance (Not Investing)
Topic: $10 withdrawal by the IRS?
Replies: 17
Views: 1911

Re: $10 withdrawal by the IRS?

How sure are you it is the IRS? I would be a skeptic and make sure no extra money was in that account, it doesn't pass the smell test for me. The description of the debit is consistent w/ other IRS-related transactions: ACH W/D: IRS TYPE: USATAXPYMT CO: IRS I should also mention I made an estimated...
by feh
Tue Apr 18, 2017 8:05 am
Forum: Personal Finance (Not Investing)
Topic: $10 withdrawal by the IRS?
Replies: 17
Views: 1911

$10 withdrawal by the IRS?

Hi folks.

The IRS withdrew $10 from our checking account today (tax day; I don't think that's a coincidence). I have no idea why this was done. We received a large refund this year, around $10K, which was paid a week or two ago.

Anybody have a guess as to what this is about? Thanks.
by feh
Mon Apr 17, 2017 11:21 am
Forum: Personal Consumer Issues
Topic: helping parent sell their car
Replies: 16
Views: 1313

Re: helping parent sell their car

You don't have to go through the charade of using nominal consideration. Just have her transfer it to you or, better yet, endorse the title in blank which you can then deliver to a buyer. Gill Please clarify - she would sign the title over, leaving the purchaser blank? It would be nice to not have ...
by feh
Mon Apr 17, 2017 11:20 am
Forum: Personal Consumer Issues
Topic: helping parent sell their car
Replies: 16
Views: 1313

Re: helping parent sell their car

bi0hazard wrote:I find trade ins least stressful. You may get a few hundred $$ less.


New car being purchased from a private party, so no trade in.
by feh
Mon Apr 17, 2017 11:13 am
Forum: Personal Consumer Issues
Topic: helping parent sell their car
Replies: 16
Views: 1313

helping parent sell their car

Hi folks. A little context - my mother may be buying a car soon. She would have no need for her current car, which isn't worth a whole lot ($1000-2000). She lives 90 minutes from me and she would not want to deal w/ selling her old car. I'd like to take care of this task for her, but I'm not close e...
by feh
Tue Apr 11, 2017 11:33 am
Forum: Investing - Theory, News & General
Topic: Will There Ever Be A Time When There Are No Emerging Markets?
Replies: 14
Views: 1854

Re: Will There Ever Be A Time When There Are No Emerging Markets?

Nah. Once Africa is "developed", then there will be Antarctica. Then Mariana Trench...Mars....Andromeda...
by feh
Mon Apr 10, 2017 11:50 am
Forum: Investing - Theory, News & General
Topic: Roth IRA - Using Risk to Grow the Pie
Replies: 30
Views: 2913

Re: Roth IRA - Using Risk to Grow the Pie

KyleAAA wrote:I'd load the Roth up with domestic/international small value and call it a day.


This is what I do. We tilt to small-value, and place those funds in our Roth accounts.
by feh
Thu Apr 06, 2017 9:01 pm
Forum: Investing - Theory, News & General
Topic: Retirement Equity Glide path with 2-3 years of expenses in cash
Replies: 13
Views: 1341

Re: Retirement Equity Glide path with 2-3 years of expenses in cash

We are starting retirement with an AA of 60/40 (at age 50). We have 3 years of expenses in cash to ride out a bear market. If equities don't recover in that time frame, returning to work is an option.

Dropping all the way to 30/70 is simply too conservative for my tastes.
by feh
Tue Apr 04, 2017 12:09 pm
Forum: Investing - Theory, News & General
Topic: I don't want to retire until another bear market
Replies: 40
Views: 5970

Re: I don't want to retire until another bear market

soccerdad12 wrote:For me, I don't view my nest egg to just be about me. I want to maximize it for me and for others (people or organizations) that I may leave money to in the future. If it was just about me, it would be a no-brainer easy decision to retire now.


Sounds like a case of One More Year syndrome.
by feh
Mon Mar 27, 2017 12:24 pm
Forum: Investing - Help with Personal Investments
Topic: Your Experiences with Risk Tolerance and having smaller versus larger account balances
Replies: 24
Views: 2120

Re: Your Experiences with Risk Tolerance and having smaller versus larger account balances

For the first 20 years of my investing history, my AA was 100/0. Once portfolio values neared the Financial Independence number, I dialed things back to more Boglehead acceptable numbers. It wasn't the absolute value, but rather getting close to our "number" that made me reevaluate things.
by feh
Mon Mar 27, 2017 12:10 pm
Forum: Investing - Help with Personal Investments
Topic: Weathering sell-off days like today
Replies: 107
Views: 6570

Re: Weathering sell-off days like today

poker27 wrote:huh? Unless I'm missing something the S&P is down by half a point?


+1

If one is going to freak out when the index drops 1%, they probably shouldn't be holding equities at all.
by feh
Mon Mar 27, 2017 11:49 am
Forum: Personal Finance (Not Investing)
Topic: So someone drained $13k from my checking account...
Replies: 130
Views: 15721

Re: So someone drained $13k from my checking account...

Didn't read the entire thread, so apologies if this has already been covered... I believe all that's necessary to pull money from a checking account is the routing number and account number. This has always concerned me...how good are banks/CUs at making sure checking account numbers are not guessab...
by feh
Sun Mar 26, 2017 6:45 pm
Forum: Investing - Theory, News & General
Topic: AA after reaching your "freedom number"?
Replies: 39
Views: 4176

Re: AA after reaching your "freedom number"?

We are at 60/40. Hopefully will stay at that AA forever.
by feh
Tue Mar 21, 2017 11:48 am
Forum: Investing - Help with Personal Investments
Topic: Utah Vs. New York 529 - Which one and why?
Replies: 18
Views: 1126

Re: Utah Vs. New York 529 - Which one and why?

We had to make this choice about 12 years ago and went w/ Utah. Have no idea how they would compare today.
by feh
Tue Mar 21, 2017 11:40 am
Forum: Investing - Help with Personal Investments
Topic: Pre-Retirement Income & Post Retirement Expenses
Replies: 15
Views: 1059

Re: Pre-Retirement Income & Post Retirement Expenses

"This is to gauge the commonly accepted principal that retirees need 70% of their pre-retirement income during retirement." IMHO - a fairly worthless guideline .... I would go even further - it's a completely worthless guideline. OP - you need to determine what your expenses are and will ...
by feh
Fri Mar 17, 2017 9:34 am
Forum: Personal Finance (Not Investing)
Topic: SARSEP contribution limit
Replies: 3
Views: 169

Re: SARSEP contribution limit

Pay attention in particular to the calculation of the 25% contribution, and whether or not that total is more or less than $18,000. But yes, those over 50 can make an addtional $6,000 in catch-up contributions. She was employed for only a couple months with this employer, so her total contributions...
by feh
Fri Mar 17, 2017 8:40 am
Forum: Personal Finance (Not Investing)
Topic: SARSEP contribution limit
Replies: 3
Views: 169

SARSEP contribution limit

Hi folks. I just discovered that there is a contribution limit for SARSEP plans that is 25% of income. I did not realize this, and by this metric, my spouse over-contributed last year. However, she is over 50, and the regulations also state that an additional $6000 catchup amount may be contributed ...
by feh
Tue Mar 07, 2017 1:36 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on "stuff" for kids?
Replies: 53
Views: 3958

Re: How much do you spend on "stuff" for kids?

Books is actually the big spend category at $900. DD is a voracious reader and DS is getting there. Between Amazon, 3 library sales and some bookstore trips our total books spend last year was $1860, and I would say half was for her. This is the one area I am seriously prone to impulse purchasing, ...
by feh
Mon Mar 06, 2017 11:02 am
Forum: Personal Finance (Not Investing)
Topic: How much do you spend on food in a year?
Replies: 155
Views: 7608

Re: How much do you spend on food in a year?

Family of three, for 2016: $7500 for groceries, another $1100 for restaurants.
by feh
Mon Mar 06, 2017 10:57 am
Forum: Personal Finance (Not Investing)
Topic: What are your alternate investments?
Replies: 21
Views: 1612

Re: What are your alternate investments?

LLC membership.
by feh
Sat Mar 04, 2017 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Million Dollar House with Uncertain Future Income??
Replies: 23
Views: 1975

Re: Million Dollar House with Uncertain Future Income??

Not one of the options presented, but if I were you, I'd move to a lower cost of living area and claim victory. Buy a nice house for $400K, don't spend like a drunken sailor, and you are set for the rest of your life.
by feh
Sat Mar 04, 2017 7:58 am
Forum: Personal Finance (Not Investing)
Topic: Second home or not ready
Replies: 56
Views: 4551

Re: Second home or not ready

blessed wrote:Any opinions on if this is a good idea?


I wouldn't do it. Given your income, you should have more saved for retirement.
by feh
Thu Mar 02, 2017 10:19 pm
Forum: Investing - Theory, News & General
Topic: Using Ibonds to build cash reserves
Replies: 28
Views: 3411

Re: Using Ibonds to build cash reserves

I Bonds are part of my "cash reserve", along with short term bonds and CDs. I think you need to define "cash reserve", however, In my case, on the verge of early retirement (needing to live off taxable investments for 10 years), cash reserve means non-volatile funds that can be u...
by feh
Tue Feb 28, 2017 9:38 am
Forum: Investing - Theory, News & General
Topic: Bank Loan Funds
Replies: 11
Views: 1163

Re: Bank Loan Funds

I've held SAMBX for about 4 years. Dividend usually between 4 and 5 percent. This holding is only about 10% of our fixed income. When the economy is doing or expected to do well, they outperform intermediate bonds. When the economy looks dicey (early 2016, 2008), total return is worse than intermedi...
by feh
Sun Feb 26, 2017 7:31 am
Forum: Investing - Theory, News & General
Topic: How should people factor Social Security into their "magic number" with early retirement?
Replies: 76
Views: 6210

Re: How should people factor Social Security into their "magic number" with early retirement?

invst65 wrote:I never even dreamed of having a "Magic Number" until the last few years before retirement.


+1

At 35 yo, simply save as much as you can. When you start to have a large pile of money, then start asking questions like in the OP.
by feh
Sat Feb 25, 2017 7:15 pm
Forum: Investing - Theory, News & General
Topic: How should people factor Social Security into their "magic number" with early retirement?
Replies: 76
Views: 6210

Re: How should people factor Social Security into their "magic number" with early retirement?

How do you extract from that magic number the amount that you actually need to accumulate after accounting for future Social Security income? firecalc.com Although, given how far away retirement is for you, there will be a huge amount of error. I doubt you can even reasonable estimate your expenses...
by feh
Sun Feb 12, 2017 9:41 am
Forum: Investing - Theory, News & General
Topic: Tax from k1 income vs income from stock?
Replies: 13
Views: 780

Re: Tax from k1 income vs income from stock?

I learned 2 Cardinal rules of investing when I put my first 65K when I was no longer negative into a "can't lose" real estate investment. (It went bankrupt.) 1. Never, did I say never?, Invest in something that generates a K1. 2. Never invest in anything that cannot be liquidated at any t...
by feh
Sun Feb 12, 2017 9:38 am
Forum: Investing - Theory, News & General
Topic: Tax from k1 income vs income from stock?
Replies: 13
Views: 780

Re: Tax from k1 income vs income from stock?

In most cases, income from LLCs is considered return of capital and that income is most often tax deferred. It really depends on how the LLC is structured. Distributions from partnerships are considered ROC as long as your basis is greater than zero. Income passed through in Box 1/2/3 of the K1 is ...

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