Search found 2791 matches

by kenschmidt
Tue Feb 09, 2016 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: 1098-T; 1099-Q and AOTC HELP needed
Replies: 14
Views: 171

Re: 1098-T; 1099-Q and AOTC HELP needed

The basic rule is that you cannot double dip on education credits and deductions. So you can't use a 529 withdraw and an AOTC credit to pay for the the same dollar of tuition or books. But you can use both a 529 and AOTC together so long as they pay for a different dollar of tuition or books. It sou...
by kenschmidt
Tue Feb 09, 2016 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: What to buy at Staples B&M with $10 off $10 coupon?
Replies: 6
Views: 192

Re: What to buy at Staples B&M with $10 off $10 coupon?

Get yourself a nice pen or two. Beats the cheapies most people use.
by kenschmidt
Tue Feb 09, 2016 5:14 pm
Forum: Personal Consumer Issues
Topic: Math and Computer Science
Replies: 26
Views: 719

Re: Math and Computer Science

There are other avenues into technology careers other than the Computer Science avenue as well that are less math intensive. Business-college based majors (Information Systems, Systems Analysis, Network Administration, etc.) often have less stringent math requirements. Most IT careers will not use C...
by kenschmidt
Tue Feb 09, 2016 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Plan on your Credit Card Getting Hacked once a year....Some Tips....
Replies: 51
Views: 1754

Re: Plan on your Credit Card Getting Hacked once a year....Some Tips....

Maybe I have just been lucky but I use credit cards extensively and have only had one fraudulent usage ever over the past 30 years. If you are hacked that frequently, I Would try to figure out if there is some pattern or usage that might be the result. Yes, you are lucky....... But also understand ...
by kenschmidt
Tue Feb 09, 2016 3:37 pm
Forum: Personal Consumer Issues
Topic: Do we need to be physically in Costa Rica?
Replies: 19
Views: 808

Re: Do we need to be physically in Costa Rica?

I read the Kama Sutra once but found it much less fulfilling than the live performance.
by kenschmidt
Tue Feb 09, 2016 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Plan on your Credit Card Getting Hacked once a year....Some Tips....
Replies: 51
Views: 1754

Re: Plan on your Credit Card Getting Hacked once a year....Some Tips....

Maybe I have just been lucky but I use credit cards extensively and have only had one fraudulent usage ever over the past 30 years. If you are hacked that frequently, I Would try to figure out if there is some pattern or usage that might be the result.
by kenschmidt
Tue Feb 09, 2016 1:47 pm
Forum: Investing - Help with Personal Investments
Topic: How to respond to a siblings who gloats over a great stock pick?
Replies: 33
Views: 1295

Re: How to respond to a siblings who gloats over a great stock pick?

Ignore if you can.

If you can't:

You: Do you track all of your picks against a benchmark like the S&P 500?
Him: No (this is almost invariably the answer)
You: Hmm, you should try that and see how you are doing overall
by kenschmidt
Tue Feb 09, 2016 1:43 pm
Forum: Personal Consumer Issues
Topic: Best Car for Family of 5?
Replies: 28
Views: 1103

Re: Best Car for Family of 5?

A Sienna would be the logical choice.
by kenschmidt
Tue Feb 09, 2016 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: High school curriculum: Is filling out tax forms part of it?
Replies: 49
Views: 1091

Re: High school curriculum: Is filling out tax forms part of it?

Mrs. Skrocki made us fill out a 1040 in 5th grade. This was in 1975; I still remember being surprised that the highest tax rate was 70% and I wondered if my Dad had to pay that much (he probably didn't).
by kenschmidt
Sun Feb 07, 2016 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: World-class Worrier Trying to Reassure Another
Replies: 27
Views: 1951

Re: World-class Worrier Trying to Reassure Another

I think the initial reaction is that $4 million is a lot of money and $125k is a very nice lifestyle so, yes, she should be able to easily retire in my opinion. I am 52 and if I had that much money, I'd probably retire tomorrow. If your friend's worry is because she hasn't worked through the numbers...
by kenschmidt
Sun Feb 07, 2016 12:04 pm
Forum: Investing - Theory, News & General
Topic: The Gravy Train Departed?
Replies: 65
Views: 7795

Re: The Gravy Train Departed?

Interestingly, while you were being chased about the house with a belt, the other millennials learned to work in teams, where everyone was actually expected to contribute. They became masters of rapid communication, using a terse language with high compression. They decided that their employers wou...
by kenschmidt
Sun Feb 07, 2016 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Huge Federal Tax Return
Replies: 16
Views: 2548

Re: Huge Federal Tax Return

Thank you Toons for posting that link; I have gone from getting a refund to owing tax as my little tax credits have grown past 16 years old and I lose that benefit. Offsetting that is the start of the college years with those associated tax credits. I need to adjust my withholding and that W-4 calcu...
by kenschmidt
Sat Feb 06, 2016 10:47 am
Forum: Personal Consumer Issues
Topic: Wet iPhone and Fidelity AmEx
Replies: 7
Views: 1060

Re: Wet iPhone and Fidelity AmEx

While I would plan on needing a new phone, I would not give up on drying out the old one just yet. My son dropped his almost new iPhone 5 into the toilet (already flushed at least thank goodness). It was not functional after two days - pink screen - but it slowly came back to life after about a week...
by kenschmidt
Sat Feb 06, 2016 9:51 am
Forum: Investing - Theory, News & General
Topic: The Gravy Train Departed?
Replies: 65
Views: 7795

Re: The Gravy Train Departed?

"The house" has ALWAYS tried to manipulate the markets. The idea that somehow markets of the past were more honest is a myth. If anything, markets are far more regulated now, with the individual investor given a fair shake, than ever before. The things that occurred in the markets of 100 y...
by kenschmidt
Mon Feb 01, 2016 9:35 pm
Forum: Personal Consumer Issues
Topic: Manual can opener recommendation
Replies: 45
Views: 2650

Re: Manual can opener recommendation

I have an Ekco Miracle Can Opener 885, Made in U.S.A. that probably dates back to the 50's or 60's. Still cracks cans with the best of them.
by kenschmidt
Sun Jan 31, 2016 10:06 am
Forum: Personal Consumer Issues
Topic: Replacing timing belt on 2009 Accord(Do it or sell?)
Replies: 66
Views: 3420

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

I would just consider this a maintenance item and have the work done. This is assuming that you still like the car and it meets your needs. It will almost certainly be cheaper to have this work done then to buy a brand new car as depreciation will be a cost that also has to be considered. You have d...
by kenschmidt
Sat Jan 30, 2016 10:44 am
Forum: Investing - Theory, News & General
Topic: "Why Simple Is Still a Hard Sell"
Replies: 24
Views: 4542

Re: "Why Simple Is Still a Hard Sell"

I think part of the reason it is a hard sell is because complex worked pretty well starting around the year 2000. Emerging Markets, Value, Small Cap Value, REIT all boosted returns if you correctly executed the strategy. Whether or not that will continue going forward is a big question mark - it has...
by kenschmidt
Wed Jan 27, 2016 8:15 pm
Forum: Investing - Theory, News & General
Topic: Entire Portfolio Expense Ratio
Replies: 41
Views: 2023

Re: Entire Portfolio Expense Ratio

Morningstar Portfolio X-Ray shows mine, which is 0.41. I have a mix of active and index funds as well as my 401k which, although not awful, does pull up the average somewhat.
by kenschmidt
Wed Jan 27, 2016 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Savings Bond Interest: year matured or year 1099 sent?
Replies: 7
Views: 402

Re: Savings Bond Interest: year matured or year 1099 sent?

There is the maturity date, which is when the bond reaches its face value, and then the final maturity date, when the bond stops earning interest. Maturity date varies based on when the bond was issued, but has been 17 or 20 years for most bonds issued in the 90's and up. The final maturity date is ...
by kenschmidt
Mon Jan 25, 2016 8:37 pm
Forum: Investing - Theory, News & General
Topic: What is your favorite Financial Quote or Metaphor??
Replies: 179
Views: 9370

Re: What is your favorite Financial Quote or Metaphor??

Money isn't everything - until you don't have any.

-- My Dad
by kenschmidt
Sun Jan 24, 2016 9:52 pm
Forum: Personal Consumer Issues
Topic: Do you have or know anybody with rare coins?
Replies: 20
Views: 1516

Re: Do you have or know anybody with rare coins?

Any idea where to get rid of older silver coins? Selling them individually on a sight like Ebay is too much work, the investment of time would outweigh the return. Coin dealers make me think of pawn shops, just doesn't seem like the best place to unload them. My dad passed away in 2014 and he saved...
by kenschmidt
Sun Jan 24, 2016 8:28 pm
Forum: Personal Consumer Issues
Topic: Do you have or know anybody with rare coins?
Replies: 20
Views: 1516

Re: Do you have or know anybody with rare coins?

Check out www.coincommunity.com if you are looking for a good forum to discuss coins.
by kenschmidt
Sun Jan 24, 2016 11:18 am
Forum: Personal Finance (Not Investing)
Topic: TaxAct Plus vs TurboTax vs H&R Block for 2015
Replies: 77
Views: 4981

Re: TaxAct Plus vs TurboTax vs H&R Block for 2015

I am using Turbo Tax Deluxe this year because I got it and Quicken 2016 Deluxe in a bundle for $40 on Amazon, which was too good a deal to pass up. However, I have discovered that the "Turbo Tax Deluxe Federal + State does not include state e-file ($19.99 up charge), which seems to be another o...
by kenschmidt
Sun Jan 24, 2016 10:41 am
Forum: Investing - Help with Personal Investments
Topic: Think my future father in law is giving the wrong advice to my fiance..what should i do?
Replies: 111
Views: 9100

Re: Think my future father in law is giving the wrong advice to my fiance..what should i do?

Another option is, once you are married, is to adjust the asset allocation of other accounts in your names to get back to the desired target. FIL moves to bonds? You move everything else to 100% stocks to get back to your target. The other thing you might do is to start tracking the performance of t...
by kenschmidt
Sat Jan 23, 2016 12:51 pm
Forum: Personal Consumer Issues
Topic: What 55" TV to Buy
Replies: 51
Views: 3329

Re: What 55" TV to Buy

My opinion - they are kind of a commodity at this point. Samsung, Sony, LG, Vizio, Sharp, etc. I would go to the store and see if one jumps out at you. I have a 55" Vizio Smart TV that I like a lot. If I were buying one today, I would probably go for a 4K Smart TV from one of the major brands. ...
by kenschmidt
Fri Jan 22, 2016 8:30 am
Forum: Personal Consumer Issues
Topic: Questions about getting a dishwasher
Replies: 28
Views: 1351

Re: Questions about getting a dishwasher

We recently bought a Bosch from Lowes and are very happy with it. Contrary to the above post, I have heard many recommendations FOR Bosch, although there are many different opinions. I probably would avoid the lower end Bosch Ascenta models - I didn't like the rack system in those either and I have ...
by kenschmidt
Tue Jan 19, 2016 7:32 pm
Forum: Personal Consumer Issues
Topic: Cold spots in certain rooms. Why? How to solve?
Replies: 28
Views: 1833

Re: Cold spots in certain rooms. Why? How to solve?

In would also recommend you get a little portable digital thermometer and take some temperature readings in various parts of the room to help quantify the differences rather than going by feel.
by kenschmidt
Sun Jan 17, 2016 6:24 pm
Forum: Investing - Help with Personal Investments
Topic: Failing "sleep well" test: Change AA or more Boglehead-therapy?
Replies: 63
Views: 5110

Re: Failing "sleep well" test: Change AA or more Boglehead-therapy?

You are down by $100k. What amount could you be down and not have it bother you? $50k? $25k? Less? The answer to that question will probably tell you what your equity allocation should be.
by kenschmidt
Sat Jan 16, 2016 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: How's it going?....any self-doubt?
Replies: 47
Views: 3847

Re: How's it going?....any self-doubt?

I am about 70% stock and I am at -6.05%. I have been investing for quite a long time so I have no intention of changing course. I have been down this road more than once. Sometimes stocks fall. I was probably most concerned in 2008-09 but still stayed the course through that as well as the tech cras...
by kenschmidt
Sat Jan 16, 2016 12:37 pm
Forum: Personal Consumer Issues
Topic: Streaming vs. DVD vs. Netflix vs. Amazon
Replies: 13
Views: 782

Re: Streaming vs. DVD vs. Netflix vs. Amazon

You can buy a decent Blue-Ray / DVD player for $60-80. I have a Sony and it even has Smart TV capability if your TV doesn't so you could watch DVD's or Blue Rays from the library or Redbox as well as stream from Amazon or Netflix. Streaming individual movies from Amazon or Apple seems to be more ex...
by kenschmidt
Sat Jan 16, 2016 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Neighbors - retired, with low income, high home equity
Replies: 25
Views: 4091

Re: Neighbors - retired, with low income, high home equity

Most HELOCs are interest only for the first 10 years; they could borrow $50k for around $100/mo. or so ballpark, for example.
by kenschmidt
Sat Jan 16, 2016 11:46 am
Forum: Personal Consumer Issues
Topic: Streaming vs. DVD vs. Netflix vs. Amazon
Replies: 13
Views: 782

Re: Streaming vs. DVD vs. Netflix vs. Amazon

You can buy a decent Blue-Ray / DVD player for $60-80. I have a Sony and it even has Smart TV capability if your TV doesn't so you could watch DVD's or Blue Rays from the library or Redbox as well as stream from Amazon or Netflix. Streaming individual movies from Amazon or Apple seems to be more exp...
by kenschmidt
Fri Jan 15, 2016 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken 2016 bust
Replies: 13
Views: 1491

Re: Quicken 2016 bust

I upgraded to Quicken 2016 and haven't had any problems and I have data going back to 1991. I know that doesn't help your situation but wanted to post an alternate experience for those considering whether they should upgrade or not.
by kenschmidt
Fri Jan 15, 2016 2:44 pm
Forum: Investing - Theory, News & General
Topic: Who's buyin' today?
Replies: 127
Views: 10714

Re: Who's buyin' today?

zaboomafoozarg wrote:It's payday, so me.


+1
by kenschmidt
Fri Jan 15, 2016 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: vanguard tax exempt bond fund recommendations
Replies: 22
Views: 1356

Re: vanguard tax exempt bond fund recommendations

Sounds like a choice between Vanilla ice cream and Vanilla Bean ice cream to me. The long and limited term funds will offset one another so your returns seem like they will be roughly the same no matter which way you go.
by kenschmidt
Fri Jan 15, 2016 8:38 am
Forum: Investing - Theory, News & General
Topic: My list of sure things for 2016
Replies: 8
Views: 1070

Re: My list of sure things for 2016

I will look forward to your updates. Should be an interesting year!
by kenschmidt
Wed Jan 13, 2016 8:35 pm
Forum: Investing - Theory, News & General
Topic: Is the Powerball a good play?
Replies: 48
Views: 3053

Re: Is the Powerball a good play?

Bustoff wrote:It is if you don' t want to feel left out.


This is the real answer!

Cost of a Powerball ticket: $2
Cost of a Powerball ticket if the office pool hits and you're not in it: priceless
by kenschmidt
Wed Jan 13, 2016 7:51 pm
Forum: Personal Consumer Issues
Topic: Inherited a lot of coins/stamps - what to do with them?
Replies: 27
Views: 3506

Re: Inherited a lot of coins/stamps - what to do with them?

Coin Community is an excellent resource. I am a regular poster there and there are many helpful people if you want to take the time to inventory the collection. I think it is best that you have SOME idea of what they are worth because there are unscrupulous people who will give you 10 cents on the d...
by kenschmidt
Wed Jan 13, 2016 4:32 pm
Forum: Investing - Theory, News & General
Topic: Have Vanguard's active funds added value
Replies: 32
Views: 3869

Re: Have Vanguard's active funds added value

So to be sure I am drawing the correct conclusion from the article - for the Vanguard funds selected, the active funds generated positive alpha (i.e. outperformed) the comparable index funds overall but trailed comparable DFA funds which were the best performers. This held true even after adjusting ...
by kenschmidt
Tue Jan 12, 2016 4:59 pm
Forum: Investing - Theory, News & General
Topic: Do Emergency Funds Count as a part of Retirement portfolio?
Replies: 35
Views: 2499

Re: Do Emergency Funds Count as a part of Retirement portfolio?

Some folks do, on the theory that they are all assets. Some folks don't on the theory that they are separate portfolios for separate goals. I compromise. :beer I count my second-tier and third-tier emergency funds as part of our retirement portfolio. Those are muni bond funds (second-tier) and equi...
by kenschmidt
Mon Jan 11, 2016 7:20 pm
Forum: Personal Consumer Issues
Topic: Question about my cell phone
Replies: 23
Views: 1236

Re: Question about my cell phone

I think that Pantech would work. Another option on AT&T would be LG xPression - also lots of those on eBay.
by kenschmidt
Sun Jan 10, 2016 5:35 pm
Forum: Investing - Theory, News & General
Topic: I Bonds - question about fixed vs composite
Replies: 4
Views: 460

Re: I Bonds - question about fixed vs composite

I think you've got it right. The only thing I will add is that for the prior 6 month period, the inflation rate was -0 8%, so the composite rate was zero for a period of time which might have been part of the source of the comments around poor rates.
by kenschmidt
Sun Jan 10, 2016 11:56 am
Forum: Investing - Theory, News & General
Topic: Small value underperformance, DFA
Replies: 106
Views: 7294

Re: Small value underperformance, DFA

I want to take a quick minute to thank all of the posters on this thread for all the effort put into this discussion - both pro and con. Truly invaluable stuff to think about here.
by kenschmidt
Sun Jan 10, 2016 11:44 am
Forum: Personal Consumer Issues
Topic: Gas fireplace for heat
Replies: 26
Views: 2483

Re: Gas fireplace for heat

We built a house about fifteen years ago and I made the mistake of taking my dad's advice and put in a full masonry, wood burning fireplace. We rarely used it, it made house cold when we did, and blasted cold air into the family room when we didn't. I'm sure it wasn't built correctly. The last two ...
by kenschmidt
Fri Jan 08, 2016 4:33 pm
Forum: Investing - Theory, News & General
Topic: investus interruptus
Replies: 83
Views: 4245

Re: investus interruptus

I think this just gives investors another way to justify bad behavior. The stock market has dropped. I am selling. But not because I am panicked - no, my ability to take risk has changed and so this is logical and justified. It's a slippery slope into the abyss and I think most are better served to ...
by kenschmidt
Fri Jan 08, 2016 11:54 am
Forum: Investing - Help with Personal Investments
Topic: Help explain I bonds through treasury direct?
Replies: 7
Views: 592

Re: Help explain I bonds through treasury direct?

The current I-Bond yield is 1.64%. They can never fall below zero.
by kenschmidt
Fri Jan 08, 2016 10:24 am
Forum: Investing - Help with Personal Investments
Topic: Are REITs included in equity allocation?
Replies: 6
Views: 443

Re: Are REITs included in equity allocation?

I separate it out as it's own asset class.
by kenschmidt
Fri Jan 08, 2016 9:56 am
Forum: Personal Consumer Issues
Topic: helping a creative child grow
Replies: 40
Views: 1941

Re: helping a creative child grow

Just a list of things that came to mind in reading through these posts: Legos - there are even Lego robotics clubs which do some really neat things Scouting Destination Imagination - my younger son had a great experience with this Minecraft - I know you are limiting online time but my two kids have ...
by kenschmidt
Thu Jan 07, 2016 9:42 pm
Forum: Investing - Help with Personal Investments
Topic: How Am I Doing? 18 Years of Data
Replies: 47
Views: 5106

Re: How Am I Doing? 18 Years of Data

I have 17 years of data - just for comparison, here are my returns. This was an 80-20, morphing to a 70-30 portfolio in the slice and dice style (value slanted, EM, REIT, Intl, etc.). 1999 18.75% 2000 2.22% 2001 -4.48% 2002 -14.71% 2003 29.06% 2004 20.41% 2005 9.12% 2006 16.26% 2007 6.37% 2008 -24.8...
by kenschmidt
Thu Jan 07, 2016 1:48 pm
Forum: Personal Consumer Issues
Topic: A few home improvement questions
Replies: 5
Views: 566

Re: A few home improvement questions

Not enough information on #1. You'd probably need to get someone out and describe what you want and get an estimate. On #2, you could probably figure on $20 / sq. foot plus $5,000 for a half bath or $10,000 for a full bath. A lot depends on materials, number of walls and doors, etc. but that might g...

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