Search found 786 matches

by indexonlyplease
Sat Nov 18, 2017 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: Why pay cash for a car?
Replies: 179
Views: 14735

Re: Why pay cash for a car?

Most of the people that are against paying cash for a car don't have the money to pay cash. So they make payment. Most will not save for the next car so they have to pay interest.

Then you have the people that buy more car then they can afford, so they have to pay interest.
by indexonlyplease
Sat Nov 18, 2017 12:03 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with 360k for an old man
Replies: 30
Views: 2966

Re: What to do with 360k for an old man

The only other option I would consider would be a five year CD ladder where they are staggered to mature every year. For example he could buy $60,000 CDs that mature in 1,2,3,4, and 5 years. The rest he could just leave in the saving account. This seems like a good idea to me. Might make everybody ...
by indexonlyplease
Sat Nov 11, 2017 10:15 am
Forum: Investing - Theory, News & General
Topic: Retirees: I got this!!
Replies: 82
Views: 9680

Re: Retirees: I got this!!

Well, it helps that we've been on a massive bull run. I imagine the "I got this" crowd has increased in proportion to the market. It's near-retirees that might be a little more worried. I agree. I think if I did not have a pension, I would have delayed retirement.. I think I would of continue to wo...
by indexonlyplease
Sat Nov 11, 2017 10:04 am
Forum: Investing - Theory, News & General
Topic: Retirees: I got this!!
Replies: 82
Views: 9680

Re: Retirees: I got this!!

I retired 18 months ago and it has been simple because of my pension. Pension makes it alot easier to feel secure. At least with the Florida Pension. I plan not to touch my investments for another 7 years. I will just have to decide how much more will I need each month. Question, what is the best wi...
by indexonlyplease
Sun Oct 22, 2017 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 164
Views: 14949

Re: Does anyone here with net worths north of $1 mil use financial advisors?

I was 100% stocks up to a few years ago in my 457 plan. Then I used an FA for 3 years and paid 1.2% to manage my money. .9% for the FA and .3% for the funds they used (Dimensional Funds).. Then I found this site and learned about the 3 fund portfolio. So, I dump the FA saved 1.2% on the fees. I woul...
by indexonlyplease
Mon Oct 16, 2017 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: UTMA accounts
Replies: 17
Views: 635

Re: UTMA accounts

I have 2 UTMA for my 2 son's in Florida. They control at 21 per Florida Law. I have been investing since they were young. I have both accounts at Vanguard. I found out that they do not control until I contact Vanguard and release the account to them. My 21 yr old found out about the UTMA when he ope...
by indexonlyplease
Wed Oct 04, 2017 3:19 pm
Forum: Investing - Theory, News & General
Topic: "Vanguard Funds vs. Dimensional Funds in New IFA Index Portfolios" -- What's The Deal?
Replies: 56
Views: 7503

Re: "Vanguard Funds vs. Dimensional Funds in New IFA Index Portfolios" -- What's The Deal?

I was investing with IFA for around 3 years until I found this site. The only problem I have with them is the fee they charge. I believe it is .9% of investments. My advisor was great. The problem with advisors that use index funds the don't talk about what the fees will cost you over 30 plus years ...
by indexonlyplease
Wed Oct 04, 2017 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: We're Debt Free (Except our House)!
Replies: 34
Views: 3289

Re: We're Debt Free (Except our House)!

I like having the house paid off. Nice not making a monthly payment and it feels good!! You are putting in the recommended 15%. Why not do a little of both. Increase percent to 401k, to max if possible, depends on your Salary and what amount you are paying now. Pay extra on the house each month. You...
by indexonlyplease
Wed Oct 04, 2017 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: Shifting 100% Stock → 35% Stock & 65% Bonds / REITs
Replies: 52
Views: 6294

Re: Shifting 100% Stock → 35% Stock & 65% Bonds / REITs

Why do you own REITs. Is it the income? Or long term return? Just asking. Also, what % do you like. Also, considering the REITs in total stock market. Income nor long term is the correct metric because, after all, dividends are irrelevant. At this stage of my life I don't need to do any liability m...
by indexonlyplease
Wed Oct 04, 2017 6:24 am
Forum: Investing - Help with Personal Investments
Topic: Should I max out my Roth IRA as an 18 year old?
Replies: 15
Views: 854

Re: Should I max out my Roth IRA as an 18 year old?

My son opened a Roth IRA at Vanguard 19 when he graduated high school and started working part time. Now at 21 in college and working part time. We always do a match with him. It was $100 a month and now maxed out with our match. I would think put in the amount you can afford for the long haul. Mayb...
by indexonlyplease
Wed Oct 04, 2017 6:03 am
Forum: Investing - Help with Personal Investments
Topic: Shifting 100% Stock → 35% Stock & 65% Bonds / REITs
Replies: 52
Views: 6294

Re: Shifting 100% Stock → 35% Stock & 65% Bonds / REITs

What is current thinking about a CD ladder for the bond side of the portfolio? Paul I was thinking about a cd ladder with some extra cash I did not want to put in the market. But the rate only good rate is Ally 5 yr 2.25%. 150 day penalty. The 1,3 yr rates seem to low to build ladder. What do you t...
by indexonlyplease
Wed Oct 04, 2017 5:56 am
Forum: Investing - Help with Personal Investments
Topic: Shifting 100% Stock → 35% Stock & 65% Bonds / REITs
Replies: 52
Views: 6294

Re: Shifting 100% Stock → 35% Stock & 65% Bonds / REITs

I like REITs. I overweight REITs in my portfolio. I believe that they are a excellent diversifier. They are not bond alternatives. They have the same level of return and risk as equities. I could make a stronger argument for direct holding of real estate as a bond alternative. Still not a bond, but...
by indexonlyplease
Wed Oct 04, 2017 5:47 am
Forum: Personal Consumer Issues
Topic: Where/when to get good deals on athletic shoes
Replies: 24
Views: 1485

Re: Where/when to get good deals on athletic shoes

For years I have been buying my sneakers at Finishline. I usually buy shoes that are on sale. Also, for every $200 you spend they send you a $20 voucher for any sneaker. With 2 kids I get to $200 real easy. This also allows me to buy the sneakers I want. Good to protect the only pair of feet you have.
by indexonlyplease
Tue Oct 03, 2017 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: What age did you become debt free and what opportunities did it create?
Replies: 131
Views: 18751

Re: What age did you become debt free and what opportunities did it create?

jebmke wrote:
Fri Jul 03, 2015 10:48 am
I was born debt free.

Took on a small amount of student debt at 24, paid it off @30 but year later took on mortgage. Paid off last mortgage when we moved overseas @50, no debt since.
Can I ask the reason why you moved overseas? Did you find a great place to live? Please tell.

Thanks
by indexonlyplease
Mon Sep 25, 2017 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Spouse Money Management
Replies: 94
Views: 6477

Re: Spouse Money Management

hey Bogleheads, What money management system do you use with your significant other (or have you heard of any good ones)? I am a saver and my gf (of 2 years) is a spender who makes very little working part time a a college student. I make about 15x what she makes in a week. My take home pay = $35k/...
by indexonlyplease
Sun Sep 24, 2017 11:44 am
Forum: Personal Consumer Issues
Topic: What is your favorite reasonably priced bourbon?
Replies: 95
Views: 6547

Re: What is your favorite reasonably priced bourbon?

I drink bourbon neat with no ice. I've purchased some expensive bourbons and received some as gifts. To date, Four Roses Small Batch is my favorite. It is reasonably priced and has great flavor. I'm open to suggestions and criticism from my fellow Bogleheads. What is your favorite reasonably priced...
by indexonlyplease
Fri Sep 22, 2017 8:38 pm
Forum: Investing - Theory, News & General
Topic: Retirees, what is your marginal tax rate?
Replies: 102
Views: 10593

Re: Retirees, what is your marginal tax rate?

I always heard that your taxes will be lower in retiremnet. I retired last year and because of my pension I stayed in the same tax bracket 25%. Now I have to be careful in the future if I decide to take some of my investments. They could put me in the next tax bracket. But wife still works so when s...
by indexonlyplease
Fri Sep 22, 2017 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Would you get flood insurance?
Replies: 25
Views: 1526

Re: Would you get flood insurance?

So I live in Houston and my house did not get flooded during Harvey. The water didn't even come up the drive-way. I'm debating on getting flood insurance. I'm not in a flood zone (apparently i'm in the 500 year flood zone according to the county). Would you get flood insurance now even though your ...
by indexonlyplease
Fri Sep 22, 2017 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: Age you retired
Replies: 112
Views: 8730

Re: Age you retired

Last year age 52. Did not want to retire but because of to many changes in the pension system I had no choice. Went back to work for 3 months and now have been retired for around 8 months. I plan to instruct in my career part time starting this month. But not having to get up early to go to work is ...
by indexonlyplease
Fri Sep 22, 2017 12:23 pm
Forum: Investing - Help with Personal Investments
Topic: Warren Buffett and Bond Funds
Replies: 33
Views: 3153

Re: Warren Buffett and Bond Funds

I think it is always a big mistake when we try to compare ourselves to the billionaires. Like I hear all the time the rich don't payoff their mortgage because they would lose money. So each person has to do what is good for them. Not what Mr. Buffet tells them what is good. Why, he is referencing B...
by indexonlyplease
Fri Sep 22, 2017 6:41 am
Forum: Investing - Help with Personal Investments
Topic: Warren Buffett and Bond Funds
Replies: 33
Views: 3153

Re: Warren Buffett and Bond Funds

I think it is always a big mistake when we try to compare ourselves to the billionaires. Like I hear all the time the rich don't payoff their mortgage because they would lose money.

So each person has to do what is good for them. Not what Mr. Buffet tells them what is good.
by indexonlyplease
Fri Sep 22, 2017 6:30 am
Forum: Personal Finance (Not Investing)
Topic: Help me solve: Not allowed access to savings at Canadian bank
Replies: 13
Views: 1936

Re: Help me solve: Not allowed access to savings at Canadian bank

My parents listed me as joint owner of a savings account at the CIBC (Canadian Imperial Bank of Commerce) in Alberta Canada, and after they passed I became the sole owner. I live in USA many thousands of miles away. I get statements each year and report the tiny income on my taxes but am repeatedly...
by indexonlyplease
Fri Sep 22, 2017 6:13 am
Forum: Investing - Theory, News & General
Topic: No More Saving???
Replies: 114
Views: 10956

Re: No More Saving???

I maxed out all retirement accounts until I retired last year. I decided in retirment savings would end. We would just spend all of our income each month. My pension and my wife's wifes salary (still works). I also thought I would start taking money from my investments to live even better. Then I re...
by indexonlyplease
Fri Sep 22, 2017 5:59 am
Forum: Investing - Theory, News & General
Topic: AA if you were just starting out again
Replies: 49
Views: 3873

Re: AA if you were just starting out again

I would stop second guessing my plan and stick with it instead of jumping around so much. Possibly 60/40 for life and never even look at it. That's what I'm doing now, but it took me this long to get here. I never invested in international funds, that is something I would not change. I'm happy I li...
by indexonlyplease
Fri Sep 22, 2017 5:46 am
Forum: Investing - Theory, News & General
Topic: AA if you were just starting out again
Replies: 49
Views: 3873

Re: AA if you were just starting out again

When I started investing in my 457 plan in 1985 the talk was only about stock mutual funds. Never heard anyone talk about bonds until I found this site 3 yrs ago. So my only choices were picking one fund from each asset large, small, mid and international. That is all I knew. If I had to do it all o...
by indexonlyplease
Wed Sep 20, 2017 7:53 pm
Forum: Personal Consumer Issues
Topic: Lease vs. Buy debate with a twist...
Replies: 33
Views: 2581

Re: Lease vs. Buy debate with a twist...

Leasing was something the finance gurus came up with to get you to purchase a car every 3 years. There is not benefit to you. Unless like most you can't afford the BMW but you can afford to Lease it. +1 your paying for the depreciation/services + profit for the dealer with a lease. Seriously consid...
by indexonlyplease
Wed Sep 20, 2017 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: New to Investing. 450k cash
Replies: 33
Views: 3245

Re: New to Investing. 450k cash

With the $3600 a month can you still max out your 401k and Roth IRA. What is your desired AA. Lets say 50 percent stocks and 50 fixed income. You could invest 200k into stocks funds and 200k into your mortgages. You just saved 3.65% on your fixed income. Also, lowered your payment. Just an idea, I ...
by indexonlyplease
Wed Sep 20, 2017 6:08 am
Forum: Personal Consumer Issues
Topic: Lease vs. Buy debate with a twist...
Replies: 33
Views: 2581

Re: Lease vs. Buy debate with a twist...

To much though into owning a car. A car is to get you where you need to be. You can also use a bike. They depreciate less. How about just buying what you need. Can you pay cash? Then buy the car with cash. Most people buy more car when they lease because of the lower payment. If you are FI then buy ...
by indexonlyplease
Wed Sep 20, 2017 5:48 am
Forum: Investing - Help with Personal Investments
Topic: New to Investing. 450k cash
Replies: 33
Views: 3245

Re: New to Investing. 450k cash

With the $3600 a month can you still max out your 401k and Roth IRA. What is your desired AA. Lets say 50 percent stocks and 50 fixed income. You could invest 200k into stocks funds and 200k into your mortgages. You just saved 3.65% on your fixed income. Also, lowered your payment. Just an idea, I d...
by indexonlyplease
Tue Sep 19, 2017 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: New BOA Premium Rewards Card
Replies: 29
Views: 1806

Re: New BOA Premium Rewards Card

My wife and I use BOA cash rewards card for everything. Every January I go online and request the rewards in cash to be deposited into my checking Account. I get a 75% bonus. I forget exactly why I get the bonus but it is either from keeping a certain amount of money in your accounts. Not sure of t...
by indexonlyplease
Tue Sep 19, 2017 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: New BOA Premium Rewards Card
Replies: 29
Views: 1806

Re: New BOA Premium Rewards Card

My wife and I use BOA cash rewards card for everything. Every January I go online and request the rewards in cash to be deposited into my checking Account. I get a 75% bonus. I forget exactly why I get the bonus but it is either from keeping a certain amount of money in your accounts. Not sure of th...
by indexonlyplease
Tue Sep 19, 2017 4:35 pm
Forum: Personal Consumer Issues
Topic: Name something you had to have and now you regret purchasing it?
Replies: 275
Views: 25386

Re: Name something you had to have and now you regret purchasing it?

This brings up an interesting question. If paying for experiences is more satisfying than paying for goods, then is wasting money on experiences that don't happen more demoralizing than wasting money on goods that are not used. Yes, because the goods can always be returned or given to someone who w...
by indexonlyplease
Tue Sep 19, 2017 8:13 am
Forum: Investing - Help with Personal Investments
Topic: Bond return negative. CD or money market alternative.
Replies: 30
Views: 3352

Re: Bond return negative. CD or money market alternative.

OP, My AA is 60/40 including my emergency fund. My year to date return for my portfolio is 8.96%. So, why should I care the individual piece inside my portfolio? It is the portfolio return that is the important part. Yes, I am buying the total bond fund and intermediate term treasury with my new mo...
by indexonlyplease
Tue Sep 19, 2017 7:50 am
Forum: Investing - Help with Personal Investments
Topic: Invest in CDs rather than bonds
Replies: 9
Views: 1173

Re: Invest in CDs rather than bonds

P. P. S. You say "no fees" for the bank CD. Are you sure? I once had a bank try to charge me a $20 fee for cashing in a CD at maturity rather than rolling it over. I charged into the bank waving the thing they'd mailed me and made a fuss about it and they waived the fee in order to get rid of me, b...
by indexonlyplease
Tue Sep 19, 2017 7:34 am
Forum: Personal Consumer Issues
Topic: Convertible in Florida or not...
Replies: 38
Views: 2505

Re: Convertible in Florida or not...

I live in South Florida and could not immagine owning a convertble. It is way to hot to even think about putting downn the top. I have friends with convertibles and they only purchased them because they like the way the car looks. Maybe in January, February you can put the top down at night time. So...
by indexonlyplease
Tue Sep 19, 2017 7:24 am
Forum: Investing - Help with Personal Investments
Topic: Take The Lump Sum or The Immediate Annuity?
Replies: 34
Views: 3311

Re: Take The Lump Sum or The Immediate Annuity?

I have to make a decision shortly to take my pension plan as a lump sum of $197,800 or an immediate annuity for myself of $1,170/mo. Looking at Vanguard's annuity calculator they offer $1,085/mo. I'm 65 in good health, married to a 60 wife, no children, both retired and taking social security at 70...
by indexonlyplease
Tue Sep 19, 2017 7:05 am
Forum: Investing - Help with Personal Investments
Topic: Nationwide 457 plan changes
Replies: 19
Views: 1598

Re: Nationwide 457 plan changes

I just looked at my statements online for the last 3 months. What I noticed now is they are taking the .08% each month. In the pass I believe this was hidden in the funds. Nationwide must of been getting a cut of the er fees. Now with all index funds and lots of Vanguard there is now room in the er...
by indexonlyplease
Mon Sep 18, 2017 9:51 am
Forum: Personal Finance (Not Investing)
Topic: What is FI if you love your job? [Financial Independence]
Replies: 68
Views: 5860

Re: What is FI if you love your job? [Financial Independence]

Enjoying your job is a great benefit to being successful in life. So just invest, become debt free, travel and enjoy a long the way. Then in about 20 plus years you can make that decision. Things change along the way. In 20 plus years you may say to yourself I am FI and want to pursue my hobbies. Or...
by indexonlyplease
Mon Sep 18, 2017 5:45 am
Forum: Investing - Help with Personal Investments
Topic: Nationwide 457 plan changes
Replies: 19
Views: 1598

Re: Nationwide 457 plan changes

I just looked at my statements online for the last 3 months. What I noticed now is they are taking the .08% each month. In the pass I believe this was hidden in the funds. Nationwide must of been getting a cut of the er fees. Now with all index funds and lots of Vanguard there is now room in the er ...
by indexonlyplease
Sat Sep 16, 2017 12:42 pm
Forum: Investing - Help with Personal Investments
Topic: Reinvesting dividend in Tax Account
Replies: 14
Views: 1257

Re: Reinvesting dividend in Tax Account

Ok I am understanding.

Thanks for the help
by indexonlyplease
Sat Sep 16, 2017 11:46 am
Forum: Investing - Help with Personal Investments
Topic: Reinvesting dividend in Tax Account
Replies: 14
Views: 1257

Re: Reinvesting dividend in Tax Account

I'm not sure what exactly you are asking. Unrealized capital gains are not taxed. Only realized capital gains flow to one's tax return. Presumably your children have determined each and every year whether they were required to file a tax return and did so in those years they were required to do so....
by indexonlyplease
Sat Sep 16, 2017 11:33 am
Forum: Investing - Help with Personal Investments
Topic: Reinvesting dividend in Tax Account
Replies: 14
Views: 1257

Re: Reinvesting dividend in Tax Account

Follow up on Tax Gain Harvesting. We read the Wiki here. So it looks like we could sell up to his yearly income in capital gains. Since this was a UTMA is he taxed on all capital gains made before age 21 (Florida UTMA). Or do the capital gains and dividends start now on his taxes? Also, is the Tax G...
by indexonlyplease
Thu Sep 14, 2017 7:29 am
Forum: Investing - Help with Personal Investments
Topic: Reinvesting dividend in Tax Account
Replies: 14
Views: 1257

Re: Reinvesting dividend in Tax Account

Good information. I will start keeping records. Another question: My 2 sons UTGMA accounts, should I have also keep track of the shares purchased. I invest $100 a month into their Vanguard accounts. I have been doing this for a long time. They are now 18,21. Never kept track of purchases. Both still...
by indexonlyplease
Wed Sep 13, 2017 3:57 pm
Forum: Investing - Help with Personal Investments
Topic: Reinvesting dividend in Tax Account
Replies: 14
Views: 1257

Re: Reinvesting dividend in Tax Account

Meaning set up an excel sheet to keep track of each purchase of shares and cost??

And this is for tax purpose when you sell in future??
by indexonlyplease
Wed Sep 13, 2017 3:10 pm
Forum: Investing - Help with Personal Investments
Topic: Reinvesting dividend in Tax Account
Replies: 14
Views: 1257

Reinvesting dividend in Tax Account

This year I started putting money into the Vanguard Total Stock Market. Taxed advantage maxed out and needed to increase the equity of my AA. The question is do I reinvest the dividend or request to put somewhere else. I read this topic but not sure. I would like to keep it simple and just reinvest ...
by indexonlyplease
Tue Sep 12, 2017 2:40 pm
Forum: Personal Consumer Issues
Topic: Is Amex Platinum worth the high fees?
Replies: 48
Views: 5210

Re: Is Amex Platinum worth the high fees?

I just heard on the radio the other day that only 10% of people use their air miles. Can't imagine payng for a credit card. No matter what they offer. Most don't use because they never get enough miles to get a free ticket. The last I checked I couldn't find anywhere to use my 25k miles I have at A...
by indexonlyplease
Sat Sep 09, 2017 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: Nationwide 457 plan changes
Replies: 19
Views: 1598

Re: Nationwide 457 plan changes

There are several Vanguard funds with low ERs in this 457 - happy with that. The additional fees are the problem. Employer is local government, 10K employees. Anyone have thoughts about transferring everything to my Vanguard IRA when I leave/semi-retire? The only reason I can think to stay in the 4...
by indexonlyplease
Sat Sep 09, 2017 3:26 pm
Forum: Investing - Theory, News & General
Topic: "The Market" Portfolio
Replies: 26
Views: 3367

Re: "The Market" Portfolio

Sharpe calls his market portfolio a practical approximation of the economics market portfolio. Unfortunately, Barclays doesn't provide market values, so you would need to use Citi index market values even though you're using Vanguard bond funds which follow Barclays indexes. At 43% bonds, right now...
by indexonlyplease
Sat Sep 09, 2017 2:50 pm
Forum: Investing - Theory, News & General
Topic: "Fear of Finance?" AARP interview with Jack Bogle
Replies: 37
Views: 6178

Re: "Fear of Finance?" AARP interview with Jack Bogle

Great interview. I just looked at our investment portfolio. Mr. Bogle recommended limiting international to 20% of the portfolio. We allocate 70% to stocks and 30% to bonds. International is 40% of equity. This works out to 20% of the overall investment portfolio. Thank you Mr. Bogle. That's what i...
by indexonlyplease
Sat Sep 09, 2017 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Flood Insurance when not in flood plain?
Replies: 39
Views: 3676

Re: Flood Insurance when not in flood plain?

I don't live in a flood zone in south florida. But for $400 dollars a year why take the gamble. Like Rupert stated other local problems could occur. My cousin called me to tell me he paid off his house last year. Then he dropped the house insurance. His is sh____ in his pants with Hurricane Irma on ...