Search found 65 matches

by heybro
Sat May 27, 2017 3:33 am
Forum: Personal Finance (Not Investing)
Topic: Funny Letter [Canceling Escrow Account]
Replies: 37
Views: 4245

Re: Funny Letter [Canceling Escrow Account]

Update:

I just got a letter today saying that they received my request and that they value high customer service and will have a response for me shortly.

I had written asking for the form that allows me to ASK for escrow to be canceled.

This is a big chore! HA!
by heybro
Sat May 27, 2017 3:31 am
Forum: Personal Finance (Not Investing)
Topic: Funny Letter [Canceling Escrow Account]
Replies: 37
Views: 4245

Re: Funny Letter [Canceling Escrow Account]

stan_the_man wrote:Judging from my own experience of legal writing correspondence and media releases, the boring letter was drafted by their legal team.


Thank you for this. In other words, 'we sent this cause we had to.' hehe.
by heybro
Sat May 27, 2017 3:30 am
Forum: Personal Finance (Not Investing)
Topic: Funny Letter [Canceling Escrow Account]
Replies: 37
Views: 4245

Re: Funny Letter [Canceling Escrow Account]

Do you guys really care about the difference between 1% and 2% on maybe a $5000 revolving balance? That might be what...oh $25 a year? While I like to maximize my money, I'm really not concerned about $25 or $50 a year in interest. If the spread was more like $500 I would be concerned...but not for...
by heybro
Tue May 16, 2017 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Renting a small apartment vs buying a bigger home
Replies: 26
Views: 1426

Re: Renting a small apartment vs buying a bigger home

After going back and forth on this for years, we finally decided to explore the idea of buying a home a bit more seriously. The bank has approved us for a mortgage of $600k. We have another $200k for down payment, for a total of $800k. Unfortunately we are in the SF Bay Area, where that doesn't buy...
by heybro
Tue May 16, 2017 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Renting a small apartment vs buying a bigger home
Replies: 26
Views: 1426

Re: Renting a small apartment vs buying a bigger home

That is only true if the only thing that matters is money. Not many people choose to raise a family of 3 in a 250 sq ft efficiency. You have never heard of the Tiny House movement? Of course. and they are living in huge living spaces compared to the #vanlife crowd. But if you think either group is ...
by heybro
Tue May 16, 2017 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: How to stay on a budget?
Replies: 31
Views: 3162

Re: How to stay on a budget?

My budget sheet has 2 columns for each category- Estimated and Actual. This allows me to include a feedback loop in my budgeting process. I make a budget, then I track how well I stick to it. Thus I can adjust my budget (to include spending I missed or underestimated) and I can also adjust my spend...
by heybro
Tue May 16, 2017 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: How to stay on a budget?
Replies: 31
Views: 3162

Re: How to stay on a budget?

My budget sheet has 2 columns for each category- Estimated and Actual. This allows me to include a feedback loop in my budgeting process. I make a budget, then I track how well I stick to it. Thus I can adjust my budget (to include spending I missed or underestimated) and I can also adjust my spend...
by heybro
Tue May 16, 2017 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: How Old Habits Can Sabotage Retirement
Replies: 51
Views: 7055

Re: How Old Habits Can Sabotage Retirement

gilgamesh wrote:
Now, after that, what do you do with the money....will hoarding millions and seeing it grow bring you more happiness, or spending it on material things you enjoy bring you more happiness. That's the question.


Neither!
by heybro
Tue May 16, 2017 4:37 am
Forum: Personal Consumer Issues
Topic: Beware Citibank Bonus Promotion
Replies: 23
Views: 3561

Re: Beware Citibank Bonus Promotion

I'll pay ya $500 to endure aggravation for 6 months.

Not worth it!
by heybro
Tue May 16, 2017 4:18 am
Forum: Personal Finance (Not Investing)
Topic: How Old Habits Can Sabotage Retirement
Replies: 51
Views: 7055

Re: How Old Habits Can Sabotage Retirement

It's just money. The article is based on the ridiculous premise that by spending more money, one is somehow happier. So if the retired frugal wealthy boglehead isn't spending money on better food cars vacations etc., that that means one is sadder. I'd like to think the reason bogleheads become weal...
by heybro
Tue May 16, 2017 4:12 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else agree with my logic on silicon valley housing?
Replies: 84
Views: 6718

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

The coolest and most disturbing thing about this is that your entire problem can be solved for less than one grand. Go Buy A Grill. I repeat. Go Buy A Grill. You don't need Texas, a new job, a less paying job, different neighbors, different friends, grass to mow, trees to trim, or any moving van. De...
by heybro
Tue May 16, 2017 3:56 am
Forum: Personal Finance (Not Investing)
Topic: How to stay on a budget?
Replies: 31
Views: 3162

Re: How to stay on a budget?

I am really really good at budgets so I hope you can gain some help from my advice. 1. Track all your spending as a habit. Know where every penny goes. Put everything in categories such as 'food,' 'entertainment,' 'personal care,' 'dog expenses,' etc. The point of doing this is to be able to: 2. Pri...
by heybro
Tue May 16, 2017 12:06 am
Forum: Personal Finance (Not Investing)
Topic: Renting a small apartment vs buying a bigger home
Replies: 26
Views: 1426

Re: Renting a small apartment vs buying a bigger home

randomguy wrote:That is only true if the only thing that matters is money. Not many people choose to raise a family of 3 in a 250 sq ft efficiency.


You have never heard of the Tiny House movement?
by heybro
Mon May 15, 2017 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Renting a small apartment vs buying a bigger home
Replies: 26
Views: 1426

Re: Renting a small apartment vs buying a bigger home

I have always found that SMALLER is better. SMALLER wins out. So, buying a small place versus renting a small place may put one over the other. AND buying a large place versus renting a large place may put one over the other. BUT, the smaller will always win out. Think of it like Energy Star Ratings...
by heybro
Mon May 15, 2017 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Funny Letter [Canceling Escrow Account]
Replies: 37
Views: 4245

Re: Funny Letter [Canceling Escrow Account]

goingup wrote:I seem to recall a similar letter from the bank upon paying off the note. It struck me as, "you're dead to me now". :wink:


oooooooooo, something to look forward too!!!
by heybro
Mon May 15, 2017 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Funny Letter [Canceling Escrow Account]
Replies: 37
Views: 4245

Re: Funny Letter [Canceling Escrow Account]

The mortgage pay-off experience itself was a bit of a pain. They wouldn't take an ACH transfer for a pay-off - wanted either a wire (which would have cost money) or a bank-check. So what I did was made an ACH-transfer for the remaining principal except for $50 and then requested the final pay-off a...
by heybro
Mon May 15, 2017 2:35 am
Forum: Personal Finance (Not Investing)
Topic: Funny Letter [Canceling Escrow Account]
Replies: 37
Views: 4245

Funny Letter [Canceling Escrow Account]

Hello! Long story short, my mortgage is almost paid in full and I thought it was a funny contrast to compare two types of letters I have been receiving from my bank. The first type of letter includes offers from my bank trying to get me to take out more loans (they don't want me to have a paid mortg...
by heybro
Wed Dec 14, 2016 1:10 am
Forum: Investing - Help with Personal Investments
Topic: Retirement amount or goal
Replies: 31
Views: 4463

Re: Retirement amount or goal

Isn't there a saying that 20% of the work takes care of 80% of the problem. Fulfilling that final 20% of the problem actually takes 80% of work. In other words, let us shoot for a general 'should be ok 80% of the time' retirement plan. People who want a solid 110% guarantee that if every bad thing h...
by heybro
Mon Dec 12, 2016 12:37 pm
Forum: Investing - Help with Personal Investments
Topic: 15-20% To Retire, or Setting an Exact Number
Replies: 47
Views: 6096

Re: 15-20% To Retire, or Setting an Exact Number

Let me try this another way. Let us pretend that Jesus spoke to me from a mountain and told me: "The number you will need to save for retirement is 1 million dollars measured in today's dollars." Let's say he also told me that every year, inflation will rise 3%. I make that assumption beca...
by heybro
Mon Dec 12, 2016 4:24 am
Forum: Investing - Help with Personal Investments
Topic: 15-20% To Retire, or Setting an Exact Number
Replies: 47
Views: 6096

Re: 15-20% To Retire, or Setting an Exact Number

So I have decided to save what I can and not fixate on a number. This doesn't work well for me. It is akin to telling me to 'do what I can' in a workbook. That is going to mean I either I stay up all night completing the entire workbook or I get bored after page 1 and stop. How about tell me that o...
by heybro
Thu Dec 08, 2016 2:17 am
Forum: Investing - Help with Personal Investments
Topic: 15-20% To Retire, or Setting an Exact Number
Replies: 47
Views: 6096

15-20% To Retire, or Setting an Exact Number

Hello! I am trying to figure out how much to contribute to retirement today (as a percent of income or an exact number per month) that will ensure me the number I want to retire with at age 65. I plan to contribute more than this number or percent eventually but I want to figure out that base number...
by heybro
Tue Oct 11, 2016 6:10 pm
Forum: Investing - Help with Personal Investments
Topic: Withdrawing Contribution From Roth IRA - How To Report?
Replies: 11
Views: 1161

Re: Withdrawing Contribution From Roth IRA - How To Report?

So, what if you are 60 years old and want to withdraw money? How complicated are the tax forms then!!!!!! HAHA. Just as complicated?
by heybro
Sat Oct 08, 2016 1:09 am
Forum: Investing - Help with Personal Investments
Topic: Withdrawing Contribution From Roth IRA - How To Report?
Replies: 11
Views: 1161

Re: Withdrawing Contribution From Roth IRA - How To Report?

Oh goodness! I knew it! All these lines that say 'You can withdrawal contributions from a Roth IRA tax and penalty free at any time.' Yeah right! Line up the paper work and get ready to defend it! HAHA. It is like crossing ghostbuster lines. Do not cross the lines! Keep your retirement funds separat...
by heybro
Thu Oct 06, 2016 11:47 pm
Forum: Investing - Help with Personal Investments
Topic: Withdrawing Contribution From Roth IRA - How To Report?
Replies: 11
Views: 1161

Withdrawing Contribution From Roth IRA - How To Report?

HELLO! i am thinking of putting less in to paying off my place early and more in to my Roth IRA. i do not ever intend to withdrawal anything i put in to my Roth IRA, however, in order to give me the confidence to contribute more to it, what steps do you take on your taxes to report the withdrawal of...
by heybro
Sat Oct 01, 2016 12:37 am
Forum: Local Chapters and Bogleheads Community
Topic: How Did You Become A Boglehead? What Led You Here?
Replies: 168
Views: 14866

How Did You Become A Boglehead? What Led You Here?

How did you become a Boglehead? What led you here? What had you thought before in terms of theory? What made you change or did you sort of hold these principles in similar form beforehand? Have the sort of principles here affected other parts of your life in terms of how to approach things? I love b...
by heybro
Fri Sep 30, 2016 2:52 am
Forum: Investing - Help with Personal Investments
Topic: Moving Up To Admiral from Investor, do You pay taxes? (Taxable Account)
Replies: 8
Views: 1628

Moving Up To Admiral from Investor, do You pay taxes? (Taxable Account)

Hello! If you start out with less than 10k and hold investor Shares (VTSMX) and finally reach the point where you have more than 10k and can do Admiral Shares (VTSAX), do You have to sell them and thus create a 'taxable event' ? If so, would holding the ETF at first change the situation? This is of ...
by heybro
Thu Sep 29, 2016 6:02 pm
Forum: Investing - Help with Personal Investments
Topic: Fido is Cheaper; My Reasons to Stick With Vanguard
Replies: 29
Views: 3277

Re: Fido is Cheaper; My Reasons to Stick With Vanguard

Look what I found! The fraction of dividend distributions from a mutual fund or ETF which are qualified is the same fraction as the qualified dividends are of the income the fund received. However, if at least 95% of the fund's income was from qualified dividends, it can report the dividend as 100% ...
by heybro
Thu Sep 29, 2016 3:30 am
Forum: Investing - Help with Personal Investments
Topic: Fido is Cheaper; My Reasons to Stick With Vanguard
Replies: 29
Views: 3277

Re: Fido is Cheaper; My Reasons to Stick With Vanguard

Fido is now cheaper: Total Stock Market Index Fund (Less Than 10k) ER is .09, Vanguard's is .16 Total Stock More Index Fund (More than 10k) ER is .045, Vanguard's is .05 Total Stock Market Index Fund (More than 5,000,000) has an ER of .035. Vanguard does not offer one. Total Stock Market Index Fund...
by heybro
Thu Sep 29, 2016 2:08 am
Forum: Investing - Help with Personal Investments
Topic: Fido is Cheaper; My Reasons to Stick With Vanguard
Replies: 29
Views: 3277

Re: Fido is Cheaper; My Reasons to Stick With Vanguard

Tax efficiency Funds of both kinds sometimes distribute capital gains due to trading activities, which is undesirable in a taxable account (for stocks, at least). For more details, see Tax efficiency of stocks. ETFs have an inherent tax efficiency advantage due to their share redemption process (see...
by heybro
Wed Sep 28, 2016 9:18 pm
Forum: Investing - Help with Personal Investments
Topic: Fido is Cheaper; My Reasons to Stick With Vanguard
Replies: 29
Views: 3277

Re: Fido is Cheaper; My Reasons to Stick With Vanguard

Vanguard has no transfer bonuses , Fidelity does. I have all my assets in ETFs, mostly Vanguard but some iShares, so I only care about things besides who has the best fund. I get the exactly what I want, where I want. Last month that included Fidelity. This month it doesn't. Earl Are ETFs more tax ...
by heybro
Wed Sep 28, 2016 7:33 pm
Forum: Investing - Help with Personal Investments
Topic: Fido is Cheaper; My Reasons to Stick With Vanguard
Replies: 29
Views: 3277

Re: Fido is Cheaper; My Reasons to Stick With Vanguard

Fido is now cheaper: Total Stock Market Index Fund (Less Than 10k) ER is .09, Vanguard's is .16 Total Stock More Index Fund (More than 10k) ER is .045, Vanguard's is .05 Total Stock Market Index Fund (More than 5,000,000) has an ER of .035. Vanguard does not offer one. Total Stock Market Index Fund...
by heybro
Wed Sep 28, 2016 7:25 pm
Forum: Investing - Help with Personal Investments
Topic: Fido is Cheaper; My Reasons to Stick With Vanguard
Replies: 29
Views: 3277

Re: Fido is Cheaper; My Reasons to Stick With Vanguard

I made my post because I have an IRA with Fidelity and have been very happy. However, I am about to open a taxable account and am struggling A LOT with where to open it. Once I open it, I cannot sell it and transfer it somewhere else without paying a ton of taxes so I want to make the right decision...
by heybro
Wed Sep 28, 2016 5:03 pm
Forum: Investing - Help with Personal Investments
Topic: Fido is Cheaper; My Reasons to Stick With Vanguard
Replies: 29
Views: 3277

Fido is Cheaper; My Reasons to Stick With Vanguard

Fido is now cheaper: Total Stock Market Index Fund (Less Than 10k) ER is .09, Vanguard's is .16 Total Stock More Index Fund (More than 10k) ER is .045, Vanguard's is .05 Total Stock Market Index Fund (More than 5,000,000) has an ER of .035. Vanguard does not offer one. Total Stock Market Index Fund ...
by heybro
Tue Sep 27, 2016 7:50 pm
Forum: Investing - Help with Personal Investments
Topic: Capital Gain Tax Federal & State Theoretical Example
Replies: 1
Views: 265

Capital Gain Tax Federal & State Theoretical Example

Assume I have a taxable account holding Fidelity Total Stock Market, which paid out 95% Qualified Dividends and 5% Unqualified Dividends. Funds have been held long enough to be considered Long Term Capital Gains. In theory, is this how my taxes would look? Federal: Capital Gains Rate on the 95% Qual...
by heybro
Tue Aug 09, 2016 10:56 am
Forum: Investing - Theory, News & General
Topic: Vanguard - why don't I 'feel' good about them?
Replies: 36
Views: 4130

Vanguard - why don't I 'feel' good about them?

Hey! I started a Roth IRA with Fidelity many years ago. I chose them because they were the only one that I found at the time to actually allow me to use very small amounts monthly to contribute to the fund I wanted in my IRA. I found their website to be great, their customer service even better, and...
by heybro
Thu Aug 04, 2016 10:10 pm
Forum: Investing - Theory, News & General
Topic: Fidelity lowers expense ratio of some index funds
Replies: 123
Views: 11578

Re: Fidelity lowers expense ratio of some index funds

I just want to point out that Vanguard funds have always been higher for balances under 10k per fund !!!!!!!!!!!!!!
by heybro
Thu Aug 04, 2016 7:30 pm
Forum: Investing - Theory, News & General
Topic: Fidelity lowers expense ratio of some index funds
Replies: 123
Views: 11578

Fidelity IS NOW CHEAPER Than Vanguard!

Dude! Vanguard is not number one no more brah! I just checked the expense ratios at Fidelity versus Vanguard for Total Stock Mutual Fund: Vanguard: Less than 10k: .16 More than 10k: .05 Fidelity: Less than 10k: .09 More than 10k: .045 And get this, I also found a 'more than 1 million': .015 https://...
by heybro
Mon Jul 11, 2016 1:17 am
Forum: Personal Finance (Not Investing)
Topic: Good Non-Computer Jobs?
Replies: 16
Views: 2079

Good Non-Computer Jobs?

Dear Bogleheads Community, I have enjoyed my time here a lot and have mostly posted in the investing categories. Because everyone here is very smart, I thought I could ask a question that is related to employment. Do you know of any good jobs that do not require the use of a computer? I am young, ha...
by heybro
Wed Jun 29, 2016 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Rent Vs. Buy Example
Replies: 37
Views: 3308

Re: Rent Vs. Buy Example

I think what confuses this for me is that I basically am fine with living in a studio and I did in fact buy a one bedroom condo. Schools are no concern to me. I doubt I'd ever want to buy a house. And, well, this condo is loud and I can't move out of it like I could an apartment. I feel like owning ...
by heybro
Wed Jun 29, 2016 7:18 am
Forum: Personal Finance (Not Investing)
Topic: Rent Vs. Buy Example
Replies: 37
Views: 3308

Rent Vs. Buy Example

Most of this is true but part of it has been simplified for the clarify of argument. This thread is about renting forever or owning property. The debate on whether to pay off a mortgage early or not is not part of his study (so please don't factor it in here! hehe). It is assumed that I will either ...
by heybro
Sat May 21, 2016 4:18 am
Forum: Investing - Help with Personal Investments
Topic: Glide Path: Do you have set allocation percentages planned out by year?
Replies: 23
Views: 1506

Glide Path: Do you have set allocation percentages planned out by year?

Hey!
Do you have an actual map of asset allocations by year, or by five years, or by ten years all planned out that you stick too
-or-
do you just have a general idea of how things should flow going forward and sort of check-in every so many years and adjust?
by heybro
Sat May 21, 2016 2:11 am
Forum: Investing - Help with Personal Investments
Topic: IF YOU TILT small cap, DO YOU PAIR SP500 or TSM with it?
Replies: 43
Views: 3293

Re: IF YOU TILT small cap, DO YOU PAIR SP500 or TSM with it?

Ah, I failed to consider the tilting inherent in the question into account. I only meant that taken alone TSM is less tax efficient than SP500, which, of course, is not the point of this topic. :oops: It's also not true. Since small-caps have lower dividend yields than large-caps, the dividend yiel...
by heybro
Thu May 19, 2016 6:36 pm
Forum: Investing - Help with Personal Investments
Topic: My Own Investment Post (Following Bogle Template)
Replies: 10
Views: 1172

Re: My Own Investment Post (Following Bogle Template)

My yearly expenses are very small a year. So, that means, I'd need a small amount in retirement. I will easily have that and, if that is going to be my number, it means I should lower the amounts placed in to retirement funds. However, as previously stated, at age 34, it is hard to know how much one...
by heybro
Thu May 19, 2016 6:10 pm
Forum: Investing - Help with Personal Investments
Topic: If TSM and SP500 are so alike, why even do TSM?
Replies: 49
Views: 5658

Re: If TSM and SP500 are so alike, why even do TSM?

I'm not sure under what investing theory one would prefer VFINX to VTSMX. A few. Sustainability. In the most severe market crash their higher level of internal financial resources is supposed to allow them to survive where many mid and small caps would not. Economies of scale. Bigger companies if w...
by heybro
Thu May 19, 2016 3:25 am
Forum: Local Chapters and Bogleheads Community
Topic: MN Bogleheads Meeting May 7th
Replies: 10
Views: 2072

Re: MN Bogleheads Meeting May 7th

What do we do at the meetings? Have you ever noticed if we are alike or not? Share any same traits or not? hehe. Would be cool.
by heybro
Wed May 18, 2016 11:28 pm
Forum: Investing - Help with Personal Investments
Topic: If TSM and SP500 are so alike, why even do TSM?
Replies: 49
Views: 5658

Re: If TSM and SP500 are so alike, why even do TSM?

The reason I originally bought the Vanguard 500 index Fund, VFINX, was that I wanted to hold the whole stock market and not make any bets on any stocks either way. The S&P 500 was originally intended to measure the whole market, it always used to be thought of as essentially the whole market. W...
by heybro
Wed May 18, 2016 11:20 pm
Forum: Investing - Help with Personal Investments
Topic: If TSM and SP500 are so alike, why even do TSM?
Replies: 49
Views: 5658

Re: If TSM and SP500 are so alike, why even do TSM?

whodidntante wrote:I prefer TSM so I can invest with my pinky out.


Old boy, be a dear chap and pass me the Bogle. Did you hear the masses are starting to tilt to small cap? HAHAHHAHA. They are always good for a laugh old boy!
by heybro
Wed May 18, 2016 8:54 pm
Forum: Investing - Theory, News & General
Topic: The Concept Of E N O U G H --- 1 Trillion to Retire, Working 7, 12 hour days
Replies: 2
Views: 1559

The Concept Of E N O U G H --- 1 Trillion to Retire, Working 7, 12 hour days

Does anyone else believe in the concept of ENOUGH? For instance, if you are seated at a very large table with massive amounts of food, at which point, do you say 'I've had enough.' Here are two good examples: 1. If a person had 1 Trillion dollars for the sole purpose of retiring, and only needed abo...
by heybro
Wed May 18, 2016 8:11 pm
Forum: Investing - Help with Personal Investments
Topic: My Own Investment Post (Following Bogle Template)
Replies: 10
Views: 1172

Re: My Own Investment Post (Following Bogle Template)

You want your most tax efficient funds in a taxable account. https://www.bogleheads.org/wiki/Tax-efficient_fund_placement Total Stock Market Index in a taxable account. Total International Stock Market Index in a taxable account. Bond funds (when you desire them) in a tax deferred account. Keep in ...

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