Search found 153 matches

by jumppilot
Wed Jul 11, 2018 6:40 am
Forum: Investing - Help with Personal Investments
Topic: 401(k) Asset Allocation for 23 Year Old
Replies: 10
Views: 541

Re: 401(k) Asset Allocation for 23 Year Old

I vote 100% equities.

At her age, her future earnings are her “bond” portion.
by jumppilot
Mon Jul 09, 2018 12:08 am
Forum: Investing - Theory, News & General
Topic: Article: Rich kids are counting on inheritance to pay for retirement
Replies: 31
Views: 4464

Re: Article: Rich kids are counting on inheritance to pay for retirement

I'm not sure I care what 18-22 year old high school and college kids think. How did they break away from the beer pong long enough to do the survey? Lets check again when they grow up. +1 Reading the story I thought back to when I was 20. I remember thinking my parents had so much money but as you ...
by jumppilot
Sun Jul 08, 2018 7:47 am
Forum: Investing - Help with Personal Investments
Topic: Socially Responsible Funds (I want to be socially irresponsible)
Replies: 34
Views: 1800

Re: Socially Responsible Funds (I want to be socially irresponsible)

On general principles, every tool does one thing best. Another saying is "no slave can serve two masters". My view of an investment: it can either do a good job achieving my financial goal or a social responsibility goal, but not both. So for me, if I wanted to feel better about myself, I would go ...
by jumppilot
Sat Jul 07, 2018 6:51 am
Forum: Personal Consumer Issues
Topic: Replace car battery after X years or wait till it dies?
Replies: 162
Views: 19155

Re: Replace car battery after X years or wait till it dies?

As a European, one thing that strikes me about Americans is their obsession with very frequent oil changes and religiously changing car batteries every 3-5 years. Do battteries have a different failure rate in Europe? My car wouldn’t start the other day due to a failed battery (5 years old) - I imm...
by jumppilot
Sat Jun 09, 2018 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Merrill edge closing expat accounts
Replies: 10
Views: 1101

Re: Merrill edge closing expat accounts

Good luck with that. Almost if not all US brokers will shut you down as you are not allowed to buy/trade from outside the US. That’s news to me. I’ve lived overseas for 3 years, and Schwab even has my address. I did open my account before I moved, however. http://international.schwab.com/public/int...
by jumppilot
Mon May 28, 2018 11:34 pm
Forum: Investing - Theory, News & General
Topic: Can anyone recommend Any Social Responsible fund/s?
Replies: 17
Views: 1337

Re: Can anyone recommend Any Social Responsible fund/s?

I am curious if VG has ever considered starting one, forgetting all the arguments about how investing isn't the place for making policy changes. With all my other purchases and life choices I attempt to find spend ethically, I might like to do it with my equity and bond index funds as well, if ther...
by jumppilot
Mon May 28, 2018 4:46 pm
Forum: Investing - Help with Personal Investments
Topic: Two fund portfolio- no bonds??
Replies: 22
Views: 1961

Re: Two fund portfolio- no bonds??

OP,

For my retirement account I consider my future earnings potential my bond portion.

Mid-30s myself, I am 100% stocks.
by jumppilot
Sun May 27, 2018 4:28 am
Forum: Investing - Theory, News & General
Topic: Books on stock market cycles/crashes and derivatives markets
Replies: 7
Views: 624

Re: Books on stock market cycles/crashes and derivatives markets

Might be related: This Time Is Different: Eight Centuries of Financial Folly From Amazon: Throughout history, rich and poor countries alike have been lending, borrowing, crashing--and recovering--their way through an extraordinary range of financial crises. Each time, the experts have chimed, "this ...
by jumppilot
Wed May 23, 2018 3:43 am
Forum: Investing - Help with Personal Investments
Topic: Checked under the hood of index funds and investment firms
Replies: 8
Views: 1635

Re: Checked under the hood of index funds and investment firms

But, it kills me every time an agent from my “other brokerage firm” experience ends the phone call with “Thank you for your business.” Doesn’t sound right to me. But, that’s just my opinion. Don’t be fooled. Even though Vanguard is “customer owned” or whatever they call it doesn’t mean your busines...
by jumppilot
Mon May 21, 2018 8:00 pm
Forum: Investing - Theory, News & General
Topic: Do bonds make sense if you are more than 10 years from retirement?
Replies: 11
Views: 1413

Re: Do bonds make sense if you are more than 10 years from retirement?

I went 100% stocks last year after I saw bonds do nothing for me. I’m in my late 30s and plan to be 100% stocks for awhile. When I get closer to the finish line, I plan to utilize a bucket approach and keep 10 years of expenses (bare minimum plus discretionary spending) in bonds. That’ll work out to...
by jumppilot
Sat May 19, 2018 6:03 am
Forum: Personal Finance (Not Investing)
Topic: Looking for a custom retirement savings calculator for Airline pilot Direct contribution
Replies: 14
Views: 1332

Re: Looking for a custom retirement savings calculator for Airline pilot Direct contribution

I work for a major airline. Pensions are a thing of the past, but our retirement plans now include a direct contribution from the company independant of a match to our 401k plans. Unfortunately all the calculators i find are based on matching contributions. At my income level, the company's contrib...
by jumppilot
Fri May 18, 2018 1:37 pm
Forum: Personal Consumer Issues
Topic: Dash camera
Replies: 19
Views: 2744

Re: Dash camera

I'd suggest staying away from cameras that have GPS in them. In the event of an accident, you don't want the police/other insurance company to know you were going 7 MPH over the speed limit even if the accident wasn't your fault.
by jumppilot
Thu May 17, 2018 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Property as a supplemental income strategy in retirement?
Replies: 7
Views: 882

Re: Rental Property as a supplemental income strategy in retirement?

Anyone think RE is a good diversification strategy beyond a simple BH passive strategy? Of course there are plenty of people who will agree with that statement and I'm sure they will be along shortly. To me, your situation is a good example of some of the negatives of real estate beyond the obvious...
by jumppilot
Wed May 16, 2018 11:49 pm
Forum: Investing - Theory, News & General
Topic: 2018 401k limit is $55K - do you max it out? Why/why not?
Replies: 110
Views: 10739

Re: 2018 401k limit is $55K - do you max it out? Why/why not?

You may wish to roll sooner / contribute in high % and convert quickly. Any gains inside the after-tax bucket typically end up on the 401k side. Your intent is correct, but it is important to be precise when talking about employee after-tax contributions. After-tax contributions and pre-tax earning...
by jumppilot
Wed May 16, 2018 11:44 pm
Forum: Personal Finance (Not Investing)
Topic: somebody is using our address
Replies: 45
Views: 4793

Re: somebody is using our address

I might consider having my mail held for a few days off and on for a while so that I could pick it up at the post office. I could do the notification right then and there with little risk that the bum could receive "his" stuff. That's what I would do. I would have the post office hold my mail for a...
by jumppilot
Mon May 14, 2018 7:34 pm
Forum: Investing - Theory, News & General
Topic: 2018 401k limit is $55K - do you max it out? Why/why not?
Replies: 110
Views: 10739

Re: 2018 401k limit is $55K - do you max it out? Why/why not?

I contribute the max pre-tax then contribute after tax. At the end of the year I convert it to Roth.

Goal is to hit 415(c) limits every year.
by jumppilot
Wed May 09, 2018 4:34 am
Forum: Personal Finance (Not Investing)
Topic: Experian will not lift security freeze with PIN
Replies: 14
Views: 2651

Re: Experian will not lift security freeze with PIN

I have the exact same issue with Experian.

I can’t help you but want you to know you’re not alone with this problem.
by jumppilot
Sun May 06, 2018 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Another Car Keep/Buy Question
Replies: 22
Views: 1972

Re: Another Car Keep/Buy Question

At this point, your goal is to get a car and keep it. You already have the Subaru. Instead of spending more money just keep that car for another 10 years. I drive a 15 year old 4Runner, and while I want an F250 Diesel, the time is not right for me to purchase it. Someday it will be, but not now. You...
by jumppilot
Sun Apr 15, 2018 2:13 am
Forum: Personal Consumer Issues
Topic: Is it necessary to replace brake fluid on a car every 3 years?
Replies: 56
Views: 4425

Re: Is it necessary to replace brake fluid on a car every 3 years?

Great article on brake fluid. “A case in point: A child was killed in an accident when the five-year old minivan with 79,000 miles on it his parents were driving suffered loss of pedal and crashed while the family was driving in the mountains of Washington state. Fluid boil was blamed as the cause o...
by jumppilot
Sun Apr 15, 2018 2:04 am
Forum: Personal Consumer Issues
Topic: Dealing with poorly assigned hotel rooms?
Replies: 41
Views: 3458

Re: Dealing with poorly assigned hotel rooms?

Be loyal to a particular brand of hotel and book from their website. You may find more willingness to help you during times like these. I had to cancel a 2 night stay with Marriott after normal check in time. I forfeited the amount paid, but a call to customer service explaining the situation result...
by jumppilot
Sat Apr 14, 2018 5:58 pm
Forum: Personal Consumer Issues
Topic: Is it necessary to replace brake fluid on a car every 3 years?
Replies: 56
Views: 4425

Re: Is it necessary to replace brake fluid on a car every 3 years?

I replace my brake fluid every two years regardless of mileage. Brake fluid absorbed moisture and over time the fluid will lose its ability to work properly. Increased moisture content reduces the boiling point of the fluid leading to vapor lock of the brake system during heavy loads. Every time I g...
by jumppilot
Thu Apr 05, 2018 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: $30M Umbrella Insurance?
Replies: 31
Views: 4209

Re: $30M Umbrella Insurance?

OP,

Once you require that level of protection State Farm or any other mass market insurance company is no longer useful.
by jumppilot
Wed Apr 04, 2018 5:54 pm
Forum: Investing - Help with Personal Investments
Topic: Who uses Schwab and what are the up and downsides?
Replies: 41
Views: 3154

Re: Who uses Schwab and what are the up and downsides?

I have used Schwab for about 15 years with no complaints. The commission structure it set up so you have to pay a fee to buy Vanguard funds but don’t pay when you sell. We set my parents up in the Vanguard Balanced fund for about $85 and they pay nothing to sell. https://www.schwab.com/public/schwab...
by jumppilot
Tue Apr 03, 2018 6:27 pm
Forum: Personal Consumer Issues
Topic: Health club memberships
Replies: 34
Views: 3346

Re: Health club memberships

If you have a Planet Fitness nearby, it's a no brainer. Why pay more than $10/mo? Depends on what the OP uses the gym for. Planet fitness is for the casual gym user and wouldn’t work for me. No deadlift platforms, dumbbells only go to 80 pounds, no squat racks, no Olympic bench press, and they have...
by jumppilot
Sun Mar 25, 2018 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Anxious about age, career, and housing costs
Replies: 60
Views: 5618

Re: Anxious about age, career, and housing costs

OP, I bought my first place in 2004 in a townhouse complex in the midwest. It was a good "first dip" into real estate as it gave me the flexibility of my own home without the burden of yard upkeep. In 2005 (a year later!) I took a promotion and moved out of state. Fast forward to 2012, I bought anot...
by jumppilot
Thu Mar 22, 2018 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Losing friends/family when wealthy
Replies: 118
Views: 10827

Re: Losing friends/family when wealthy

As I've aged, I found I have less friends overall. I only have time for about 5 friends and everyone else has fallen by the wayside. I don't think it's related to your investments, as you seem to practice stealth wealth.

Correlation is not causation - it could just be the nature of things as we age.
by jumppilot
Wed Mar 21, 2018 9:46 pm
Forum: Personal Consumer Issues
Topic: How can I get a passport?
Replies: 64
Views: 6072

Re: How can I get a passport?

Edit: Wrong info given
by jumppilot
Sat Mar 17, 2018 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Bought house six months ago - now feeling like we're treading water and can't save money
Replies: 189
Views: 17404

Re: Bought house six months ago - now feeling like we're treading water and can't save money

Drop the charitable donations. I agree. Right now your family is your favorite charity. Take care of them first and, when the time is right, write a check to a charity of your choice. I'd feel terrible if I was donating $400 a month to charity only to find out my child needed surgery that had a $5,...
by jumppilot
Tue Mar 13, 2018 7:17 pm
Forum: Investing - Help with Personal Investments
Topic: Any reason not to open a 529? (young investor)
Replies: 21
Views: 1653

Re: Any reason not to open a 529? (young investor)

I started funding a 529 when I started dating my now-wife.

Fast forward 8 years and two kids later, I'm glad I did. We now have $30,000 in 529 assets with my oldest being 2.

My wife is now a SAHM - make hay while the sun shines!
by jumppilot
Fri Mar 09, 2018 4:14 am
Forum: Personal Finance (Not Investing)
Topic: Advice needed for Renter offer
Replies: 19
Views: 2142

Re: Advice needed for Renter offer

I froze my credit due to the equifax breach and have had issues unfreezing it. We are getting ready to move and will be renters. To get around my credit issue I plan to offer to pay a substantial amount of the rent, even up to 6 months. So don't assume everyone doing this is gaming the system. Do mo...
by jumppilot
Tue Feb 13, 2018 3:39 pm
Forum: Investing - Theory, News & General
Topic: Deferred Income Annuity
Replies: 10
Views: 1198

Re: Deferred Income Annuity

Thanks for the replies, everyone.
by jumppilot
Mon Feb 12, 2018 6:24 pm
Forum: Investing - Theory, News & General
Topic: Deferred Income Annuity
Replies: 10
Views: 1198

Deferred Income Annuity

Does anyone here use a Deferred Income Annuity, offered by such firms as Brighthouse? https://www.brighthousefinancial.com/content/dam/brighthouse-financial/public/pdfs/gib/GIB-QLAC-Client-Brochure.pdf I'm in my late 30s and am in a fortunate position of reaching 415(c) limits. With left over money ...
by jumppilot
Sat Feb 10, 2018 3:00 pm
Forum: Investing - Help with Personal Investments
Topic: Accredited investor resources
Replies: 23
Views: 1495

Re: Accredited investor resources

I've looked at angel investing through sites like MicroVentures. I haven't pulled the trigger yet but I could see investing there when the time comes.
by jumppilot
Wed Jan 31, 2018 9:59 pm
Forum: Investing - Help with Personal Investments
Topic: I have an overwhelming gift I'm in need of help of please.
Replies: 89
Views: 8630

Re: I have an overwhelming gift I'm in need of help of please.

Do not do anything immediately! With that said, knowing everyone is different, here's what I would do: 1) Fully fund emergency fund. Go on your high end of $35,000. You have $235,000 left. 2) Pay off the mortgage 3) Use your old mortgage payment to fully invest in your 401(k) It's not the most fun a...
by jumppilot
Sun Jan 28, 2018 9:52 pm
Forum: Investing - Theory, News & General
Topic: WSJ: Wall Street to Vanguard: We’re Not Your Doormat [Fidelity charging some plans to hold Vanguard funds]
Replies: 63
Views: 11149

Re: Wall Street to Vanguard: We’re Not Your Doormat

This development doesn't bother me much. Expense ratios have become so low that we, main street investors, have won the game. We have entered new territory where we've gone so low on the ER arms race that perhaps a bit of correction is needed. Anything below 15 bps is a steal in my opinion - I can h...
by jumppilot
Fri Jan 26, 2018 12:23 am
Forum: Personal Finance (Not Investing)
Topic: Almost 34 years old... Looking for Career Ideas with realistic High Earning Potential
Replies: 31
Views: 3539

Re: Almost 34 years old... Looking for Career Ideas with realistic High Earning Potential

So I'm going to present an arguably more pessimistic view, of course this is just my opinion. And I have come to this opinion after a lot of deep reflection on my own life. I am around your age, also in a career/job I hate and have been exploring ways out. I think at this age it's a little late to ...
by jumppilot
Sun Dec 31, 2017 5:46 pm
Forum: Investing - Theory, News & General
Topic: Compounding “theory” question
Replies: 30
Views: 3140

Re: Compounding “theory” question

Of course it's possible. It's also possible to have $10 million if your returns are 15%. The major concern is what if returns won't be what you forecast. What if we go into a period of limited returns, what if etc. You can run a historical calculator on https://www.portfoliovisualizer.com to see wha...
by jumppilot
Wed Dec 27, 2017 10:06 pm
Forum: Investing - Theory, News & General
Topic: This is Unbelievable - another Vanguard customer support odyssey
Replies: 59
Views: 12324

Re: This is Unbelievable - another Vanguard customer support odyssey

As an aside, I know the name of the game is lowest ER, but I think we are at a point of diminishing returns. I'd rather pay 10 basis points for terrific customer service, robust IT, etc, than 4 basis points and have the issues you described. Do we really want to make a pizza so cheap no one will ea...
by jumppilot
Wed Dec 27, 2017 4:21 am
Forum: Investing - Theory, News & General
Topic: This is Unbelievable - another Vanguard customer support odyssey
Replies: 59
Views: 12324

Re: This is Unbelievable - another Vanguard customer support odyssey

OP, Sorry for your experience. Per the link from a previous poster, you can have the best of both worlds. When my parents retired we moved their retirement assets over to Schwab but invested everything in the Vanguard Balanced fund. It cost about $300 in trading fees to get their various accounts se...
by jumppilot
Wed Nov 29, 2017 11:07 pm
Forum: Personal Finance (Not Investing)
Topic: Why should I donate to my alma mater?
Replies: 133
Views: 10675

Re: Why should I donate to my alma mater?

Why don't my high schools or kindergartens ask me for money? Weren't they just as important to my development? I have a co-worker who donated about a $1,000 a year (books, supplies, etc) to his kids' classroom when they were younger. It was a lower income area that didn't have the property tax base...
by jumppilot
Sat Nov 11, 2017 2:25 am
Forum: Personal Finance (Not Investing)
Topic: Isn't it safer to NOT sign Credit card?
Replies: 97
Views: 7779

Re: Isn't it safer to NOT sign Credit card?

I used to only use debit cards when I was on the Dave Ramsey all-cash plan. One day I woke up and my checking account was drained to the tune of $2,000. Took about a week to get the money back, even though it was no fault of my own. That was 8 years ago. Haven't used a debit card since. To the OP qu...
by jumppilot
Sat Nov 11, 2017 2:25 am
Forum: Personal Finance (Not Investing)
Topic: Isn't it safer to NOT sign Credit card?
Replies: 97
Views: 7779

Re: Isn't it safer to NOT sign Credit card?

I used to use debit cards a lot when I was on the Dave Ramsey all-cash plan. One day I woke up and my checking account was drained to the tune of $2,000. Took about a week to get the money back, even though it was no fault of my own.

That was 8 years ago. Haven't used a debit card since.
by jumppilot
Thu Nov 09, 2017 9:49 pm
Forum: Personal Consumer Issues
Topic: Worth changing 40 gal. to 30gal. hot water tank?
Replies: 90
Views: 6014

Re: Worth changing 40 gal. to 30gal. hot water tank?

My whole life, in all the places I've lived, I've only had one water heater installed. Fast forward to a new house we had built that came with two 40 gallon gas water heaters in series. It was a life changer. We never ran out of hot water and truth be told my gas bills weren't very high. The morning...
by jumppilot
Sun Nov 05, 2017 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: College student... Financial mess... Need advice...
Replies: 58
Views: 6676

Re: College student... Financial mess... Need advice...

Don't move back in. That is not what you need. I've been in a toxic relationship and your goal is to get as far away as possible. Since you made your bed by signing the lease, I'd continue to pay your half, but only half. If you're GF can't come up with the other half oh well. Let the landlord start...
by jumppilot
Thu Sep 14, 2017 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Experian credit freeze by phone vs online
Replies: 9
Views: 1838

Re: Experian credit freeze by phone vs online

A little off topic, but I've had issues unfreezing my credit.

Equifax has an old address listed in my credit report that, in my opinion, prevents me from unfreezing my report.

I'll give them a call when it becomes pressing but be prepared for hassles on the back end as well.
by jumppilot
Sun Aug 20, 2017 6:12 pm
Forum: Investing - Theory, News & General
Topic: I own no international stocks. Can you guess why?
Replies: 167
Views: 18728

Re: I own no international stocks. Can you guess why?

He bought an indexed annuity from his sailing buddy, who is his trusted financial "guy".

He was told it's the safest thing to do - all the upside, none of the downside.

Speaking of sailing, how is your buddy's new yacht?
by jumppilot
Thu Aug 17, 2017 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Anyone planning on never retiring?
Replies: 138
Views: 13773

Re: Anyone planning on never retiring?

552BB wrote:
Wed Aug 16, 2017 10:28 pm

Will I go early. Very likely. The job is satisfying, but it can be draining at times. And you spend quite a bit of time away from home. But I will walk away with a smile on my face.

I hope you work for my airline. Getting tired of redeyes.
by jumppilot
Wed Aug 16, 2017 7:31 am
Forum: Investing - Theory, News & General
Topic: Can Bogle's philosophy lead to alt 3-fund investment phobia, nihilism, decision paralysis, etc.
Replies: 11
Views: 1552

Re: Can Bogle's philosophy lead to alt 3-fund investment phobia, nihilism, decision paralysis, etc.

Maybe I should pose my question differently. Does the body of work supporting the Bogle philosophy impact how you allocate investable capital? Or how are we to interpret the body of work supporting Bogle's philosophy when investing outside of public markets? Not really. I switched my retirement por...
by jumppilot
Sat Aug 12, 2017 10:35 am
Forum: Personal Finance (Not Investing)
Topic: $50k loan from 401k for house
Replies: 21
Views: 2099

Re: $50k loan from 401k for house

I have $200k in my 401k and we are in the process of closing a 424k house with 340k mortgage. We don't need the money to pay for the down payment. The crazy thought we have is should we each take 50k from our 401ks and knock that mortgage by and then pay that interest ourselves? Is 50k limit per ho...
by jumppilot
Thu Aug 10, 2017 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Group Universal Life
Replies: 23
Views: 2182

Re: Group Universal Life

I have a great GVUL product negotiated through my union. Low fees and a fixed rate fund you described.

There are good GVUL products out there - as others have said, read the fine print and ask questions.