Search found 9390 matches

by letsgobobby
Wed Sep 28, 2016 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Life insurance to avoid estate tax?
Replies: 17
Views: 1133

Re: Life insurance to avoid estate tax?

The "$10 million" OP references is actually $10.9 million and is in fact adjusted annually for inflation.
by letsgobobby
Wed Sep 28, 2016 12:04 am
Forum: Personal Finance (Not Investing)
Topic: Net Worth Milestone Today - $1.5M
Replies: 98
Views: 11259

Re: Net Worth Milestone Today - $1.5M

I agree, when I see the salaries and lavish fundraising events of some of the large organizations, it is a bit of a turnoff. But there are many small organizations which are quite lean, and extremely efficient in their service delivery. Our favorite charity is: https://www.wta.org Which has leverage...
by letsgobobby
Tue Sep 27, 2016 10:06 pm
Forum: Investing - Theory, News & General
Topic: "Uncle Sam Pays Almost Twice The Yield On Treasurys--If You Know Where To Look
Replies: 82
Views: 10559

Re: "Uncle Sam Pays Almost Twice The Yield On Treasurys--If You Know Where To Look

With unknown inflation heading forward, is a doubling of your money after 20 years still a good deal when buying savings bonds? It would make me very nervous. A few years of late 1970s-early 80s inflation could be devastating, no? The purpose of fixed income investing is security. EE bonds do not p...
by letsgobobby
Tue Sep 27, 2016 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: How it really feels to have investments during a bear market?
Replies: 61
Views: 3889

Re: How it really feels to have investments during a bear market?

I think your experience may depend a lot on how accurately you have gauged your risk tolerance. The problem is, this is very difficult to do in advance. Barring an incredibly life-like virtual reality experience, nothing can prepare you for losing hundreds of thousands or millions of dollars, as man...
by letsgobobby
Tue Sep 27, 2016 2:38 pm
Forum: Personal Consumer Issues
Topic: Replace car battery after X years or wait till it dies?
Replies: 54
Views: 3041

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

I replace mine when needed. Just listen to how your car starts, you'll know when its time. Not my experience. Absolutely no problems til I left the radio on for 5 minutes while parked at the airport waiting to pick up guests. Car wouldn't start; needed jump; fairly awkward place for that to happen....
by letsgobobby
Tue Sep 27, 2016 1:07 pm
Forum: Personal Consumer Issues
Topic: Replace car battery after X years or wait till it dies?
Replies: 54
Views: 3041

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

If a battery dies, you're not stranded. All it takes is a jump start from a good samaritan. You're better off spending the money on a good, compact Lithium-ion jump starter and keeping it in your trunk. I guess none of you guys ever go snowshoeing, cross-country skiing, rock-climbin, backpacking, h...
by letsgobobby
Tue Sep 27, 2016 4:08 am
Forum: Personal Consumer Issues
Topic: Replace car battery after X years or wait till it dies?
Replies: 54
Views: 3041

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

You don't need your receipt to return your battery to Costco. They will look it up by you membership number. They will also give you the core credit refund when you return the defective battery; you don't need to choose between them.
by letsgobobby
Mon Sep 26, 2016 11:54 pm
Forum: Personal Consumer Issues
Topic: Replace car battery after X years or wait till it dies?
Replies: 54
Views: 3041

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

Our OEM battery lasted 6 years and I bought the $70 100 month Costco Kirkland replacement. That one lasted less than 4 years and died on me at the airport without warning. Luckily we had 2 cars and jumped without difficulty, didn't think about it again because it seemed like such a freak incident, t...
by letsgobobby
Mon Sep 26, 2016 2:27 pm
Forum: Investing - Theory, News & General
Topic: "Uncle Sam Pays Almost Twice The Yield On Treasurys--If You Know Where To Look
Replies: 82
Views: 10559

Re: "Uncle Sam Pays Almost Twice The Yield On Treasurys--If You Know Where To Look

As Kevin points out if we have low rates for even another five years we will quickly get into a situation where newer higher rate instruments have too steep a mountain to climb to ever catch up.

Comparing stocks to bonds is never a good idea in my book. They serve completely different purposes.
by letsgobobby
Mon Sep 26, 2016 10:58 am
Forum: Investing - Help with Personal Investments
Topic: HSA investment options
Replies: 2
Views: 222

Re: HSA investment options

HSA is such a small part of my asset allocation that I just picked the simplest, low cost option available. For me that is TISM. I would not recommend trying to diversify within an HSA.
by letsgobobby
Mon Sep 26, 2016 9:24 am
Forum: Investing - Theory, News & General
Topic: Here we go again
Replies: 12
Views: 1631

Re: Here we go again

My devious strategy of holding 60% international is paying off...

(Too bad I've held this since November 2013).
by letsgobobby
Mon Sep 26, 2016 12:40 am
Forum: Personal Finance (Not Investing)
Topic: Buy a new house with cash? Please advise
Replies: 26
Views: 3172

Re: Buy a new house with cash? Please advise

Would house #1 make a viable rental? No. Unless it rents for something like $6000 month (literally), you should NOT keep this as a rental. And... it won't rent for $6000/month... How did you come to $6000? I'm playing with rough numbers here, so bare with me. The most intuitive way to think about a...
by letsgobobby
Sun Sep 25, 2016 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Buy a new house with cash? Please advise
Replies: 26
Views: 3172

Re: Buy a new house with cash? Please advise

We are in a situation where we are looking for a new house. We purchased our current home in 2012 and the value has gone up quite nicely. I am considering following options: A) Buy a new house and rent our current house. B) Sell our current house. Sell my vanguard ETFs investment. Buy the new house...
by letsgobobby
Sun Sep 25, 2016 9:24 am
Forum: Investing - Theory, News & General
Topic: Selling in October
Replies: 43
Views: 2808

Re: Selling in October

Cue Mark Twain.
by letsgobobby
Sun Sep 25, 2016 9:23 am
Forum: Personal Consumer Issues
Topic: Stain Our Deck Before Winter - $3,000 or DIY?
Replies: 41
Views: 3139

Re: Stain Our Deck Before Winter - $3,000 or DIY?

Not hard, but time-consuming. Tedious if you have railings but not bad without. Painful if you have a bad back or bad knees.
by letsgobobby
Sat Sep 24, 2016 5:07 pm
Forum: Investing - Help with Personal Investments
Topic: Invest entire $1M windfall now or over time?
Replies: 39
Views: 4580

Re: Invest entire $1M windfall now or over time?

Math and history say invest all now. Emotion might argue for averaging in over a few months. Certainly wouldn't go longer than 12 months. Make sure your target asset allocation is appropriate for your risk tolerance. You should be saving the full $18k per year in your 401k and probably getting into ...
by letsgobobby
Sat Sep 24, 2016 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: How Much House Can I Afford (HCOL edition)
Replies: 21
Views: 2101

Re: How Much House Can I Afford (HCOL edition)

I don't think $3M is affordable if it leaves you saving only $132k per year. That's barely 20% of gross, and far, far less than your annual spending - not enough, in my opinion. And you're only saving that much because you're putting 33% down - if you got an 80% LTV mortgage, your savings would be f...
by letsgobobby
Sat Sep 24, 2016 3:32 pm
Forum: Investing - Help with Personal Investments
Topic: HSA: Investments
Replies: 20
Views: 1385

Re: HSA: Investments

HSAs are small dollars overall so I would KISS and choose the single lowest cost fund that fits in your overall portfolio; if it's close then go with the one that is less tax efficient. In our case we chose Vanguard Total international.
by letsgobobby
Sat Sep 24, 2016 1:55 pm
Forum: Investing - Theory, News & General
Topic: Harvard Endowment Losses Tied to Value Stocks
Replies: 57
Views: 4762

Re: Harvard Endowment Losses Tied to Value Stocks

What most caught my attention was the statement that Harvard's peers lost an average of 2.7% from 7 1 15 to 6 30 16. What was the return of a basic 60 40 portfolio?
by letsgobobby
Sat Sep 24, 2016 12:54 pm
Forum: Investing - Theory, News & General
Topic: "Uncle Sam Pays Almost Twice The Yield On Treasurys--If You Know Where To Look
Replies: 82
Views: 10559

Re: "Uncle Sam Pays Almost Twice The Yield On Treasurys--If You Know Where To Look

Second, if you are in a position that you are certain you are not exposed to the risk of having to access the funds represented by the EE savings bonds in less than 20 years there are a myriad of instruments better suited as long term investments for someone in that secure of a financial position t...
by letsgobobby
Sat Sep 24, 2016 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Net Worth Milestone Today - $1.5M
Replies: 98
Views: 11259

Re: Net Worth Milestone Today - $1.5M

In my limited experience, the only reason to calculate NW is for estate planning purposes. In that case, everything counts so I count everything. For the purposes of financial independence, primarily income streams, investable assets, and to some extent home equity matter, and the last only for the ...
by letsgobobby
Sat Sep 24, 2016 12:44 pm
Forum: Personal Consumer Issues
Topic: has anyone leased a luxury/sport car to get it out of their system?
Replies: 44
Views: 3301

Re: has anyone leased a luxury/sport car to get it out of their system?

I like the idea of a lease takeover, assuming you can live with the remaining miles.
by letsgobobby
Fri Sep 23, 2016 11:42 pm
Forum: Personal Finance (Not Investing)
Topic: Net Worth Milestone Today - $1.5M
Replies: 98
Views: 11259

Re: Net Worth Milestone Today - $1.5M

So I should have read your comments to say "I wasn't talking about them, I just happened to use that phrase in the context of a commentary about their personal finances. But it wasn't about them."? You should read my comments assuming that I have her best interests at heart. The first boo...
by letsgobobby
Fri Sep 23, 2016 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Net Worth Milestone Today - $1.5M
Replies: 98
Views: 11259

Re: Net Worth Milestone Today - $1.5M

I was just updating my net worth spreadsheet and realized that our net worth crossed over the $1,500,000 mark. $1,500,492 to be exact. The breakdown if anyone is interested is as follows: Cash net of credit cards outstanding - $45,291 Taxable investments net of one car loan and deferred taxes - $24...
by letsgobobby
Fri Sep 23, 2016 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: How Much House Can I Afford (HCOL edition)
Replies: 21
Views: 2101

Re: How Much House Can I Afford (HCOL edition)

Spouse makes 600-650/yr in a stable job w/upward mobility I estimate we'll need to spend around $170k/yr before mortgages (70k taxes + 100k for living costs.). However, in about ten years, we'll need around 80k/yr extra for private middle and high school. Have you been saving $430k-$480k per year f...
by letsgobobby
Fri Sep 23, 2016 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: "Boglehead path" derailed
Replies: 30
Views: 5943

Re: "Boglehead path" derailed

Thanks for your responses. Due to prior personal and/or family medical problems - I don't remember the exact questions they asked - I didn't pass the health questionnaire for disability insurance when I applied several years back. In terms of Social Security Disability, I don't have enough work cre...
by letsgobobby
Fri Sep 23, 2016 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: "Boglehead path" derailed
Replies: 30
Views: 5943

Re: "Boglehead path" derailed

Did you have disability insurance? It's not much, but it's often the difference between struggling and living comfortably (though not lavishly). Young people often think getting sick won't happen to them. I thought that. Then I got sick. I'm not disabled, but I am very glad I have 2 disability polic...
by letsgobobby
Fri Sep 23, 2016 2:38 pm
Forum: Investing - Theory, News & General
Topic: Extreme Maximization of College Financial Aid
Replies: 88
Views: 4450

Re: Extreme Maximization of College Financial Aid

I started this discussion so that I could get facts on the current financial aid environment and some of the comments on future expectations of financial aid, Roth accounts, etc. have been helpful as well. Overall, I've gotten a good sense of what Bogleheads think about the financial soundness of m...
by letsgobobby
Fri Sep 23, 2016 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life Insurance Help
Replies: 8
Views: 720

Re: Whole Life Insurance Help

welcome, Buying a WL policy is almost always a bad idea. Keeping one, however, can sometimes be a good idea, but it depends on the entirety of your financial situation. If you tell us more about yourself in the following format: https://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212#p76191 we...
by letsgobobby
Fri Sep 23, 2016 11:33 am
Forum: Investing - Theory, News & General
Topic: Extreme Maximization of College Financial Aid
Replies: 88
Views: 4450

Re: Extreme Maximization of College Financial Aid

Yes, I'm trying to get more financial aid and this discussion is to get an idea of what would and wouldn't work, not that I'm going to do ignore the realities of the situation. 529's are probably the best hedge I could take to things not working out, particularly with the NY state tax deduction. I'...
by letsgobobby
Fri Sep 23, 2016 11:20 am
Forum: Investing - Theory, News & General
Topic: "Uncle Sam Pays Almost Twice The Yield On Treasurys--If You Know Where To Look
Replies: 82
Views: 10559

Re: "Uncle Sam Pays Almost Twice The Yield On Treasurys--If You Know Where To Look

So saying that I increased my tax-advantaged space by buying I Bonds or EE bonds greatly overstates the case compared to using the exact same phrase with respect to making a contribution to my IRA or 401k/403b. Whatever tax-advantaged space buying savings bonds creates is much, much less useful to ...
by letsgobobby
Fri Sep 23, 2016 10:27 am
Forum: Investing - Theory, News & General
Topic: Extreme Maximization of College Financial Aid
Replies: 88
Views: 4450

Re: Extreme Maximization of College Financial Aid

Putting $10k per year into a 529 is itself enough to undo your grand strategy, once you account for growth. I suggest you stop doing that. Fair enough - but if tuition is $100k a year in 18 years and I have ~$250k in there for 2 kids, it wouldn't cover nearly everything. Well the goal of this whole...
by letsgobobby
Fri Sep 23, 2016 8:42 am
Forum: Investing - Theory, News & General
Topic: Extreme Maximization of College Financial Aid
Replies: 88
Views: 4450

Re: Extreme Maximization of College Financial Aid

Putting $10k per year into a 529 is itself enough to undo your grand strategy, once you account for growth. I suggest you stop doing that.
by letsgobobby
Fri Sep 23, 2016 1:22 am
Forum: Investing - Theory, News & General
Topic: Extreme Maximization of College Financial Aid
Replies: 88
Views: 4450

Re: Extreme Maximization of College Financial Aid

If you have accurately represented your income as being in the low to mid six figures, then you will not qualify for any financial aid in my opinion. I've played with some of the variables in a number of online calculators that are designed to simulate the secret FAFSA model. They are all very heav...
by letsgobobby
Thu Sep 22, 2016 7:47 pm
Forum: Investing - Theory, News & General
Topic: Extreme Maximization of College Financial Aid
Replies: 88
Views: 4450

Re: Extreme Maximization of College Financial Aid

There are lots of website and so-called experts who preach or even sell ways to legally 'hide' assets from CSS or FAFSA so they are not countable. I have no idea how legit or successful these means are or will be down the road. Permanent life insurance policies have been proposed, raising red flags ...
by letsgobobby
Thu Sep 22, 2016 6:44 pm
Forum: Investing - Help with Personal Investments
Topic: 401(K) asset allocation - pitfalls in putting 90% of it on BRK-B
Replies: 6
Views: 700

Re: 401(K) asset allocation - pitfalls in putting 90% of it on BRK-B

Although BRK is a diversified conglomerate, it is still just one company. It does not have nearly the diversification of the total market. I can see no reason at all to own it unless you do not have any access to a broadly diversified market index fund.
by letsgobobby
Thu Sep 22, 2016 3:11 pm
Forum: Investing - Theory, News & General
Topic: "Uncle Sam Pays Almost Twice The Yield On Treasurys--If You Know Where To Look
Replies: 82
Views: 10559

Re: "Uncle Sam Pays Almost Twice The Yield On Treasurys--If You Know Where To Look

I didn't see the "American Consumer Council" option - thank you. I think you're being argumentative regarding the word "space." Buying EE bonds creates a tax-deferred option that I didn't previously have. That's more space. The fact that it couldn't be easily replaced with someth...
by letsgobobby
Thu Sep 22, 2016 2:00 pm
Forum: Investing - Theory, News & General
Topic: "Uncle Sam Pays Almost Twice The Yield On Treasurys--If You Know Where To Look
Replies: 82
Views: 10559

Re: "Uncle Sam Pays Almost Twice The Yield On Treasurys--If You Know Where To Look

True, but if you're talking about higher real rates, this would be even worse for an EE bond holder, and that's what this thread is about. The early withdrawal option of of the CD is much better than the EE bond after a year (or less, and you can't even do an early EE bond withdrawal for one year),...
by letsgobobby
Thu Sep 22, 2016 1:01 pm
Forum: Personal Consumer Issues
Topic: closet organizing system
Replies: 29
Views: 2373

Re: closet organizing system

I have had the low end California closets since 1987. Still going strong for almost 30 years. So initially expensive, but over time well worth it. Low end is the white color. I have the low end. CA closets too, since 1988. Still very nice looking and funtional. I'm confused. It seems like you are q...
by letsgobobby
Thu Sep 22, 2016 10:28 am
Forum: Investing - Theory, News & General
Topic: I guess we better peek when it comes to Vanguard
Replies: 37
Views: 5145

Re: I guess we better peek when it comes to Vanguard

I check bank statements frequently because of debit card transactions, the possibility of a lost ATM card, checkwriting, etc, and balance monthly. Investment accounts are reconciled quarterly, but I also check monthly or do that retirement contributions have flowed as they are supposed to have flowed.
by letsgobobby
Thu Sep 22, 2016 12:01 am
Forum: Personal Finance (Not Investing)
Topic: Should i buy this house?
Replies: 22
Views: 2424

Re: Should i buy this house?

Thank you all for the replies. I really appreciate it. Let me add some more details: The house is at the end of the community and borders the community wall. The highway is on the other side of the wall. The highway connects two neighboring communities and is located in north of Seattle. Most peopl...
by letsgobobby
Wed Sep 21, 2016 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Is there a point when a used car is too used to be worth buying?
Replies: 43
Views: 3191

Re: Is there a point when a used car is too used to be worth buying?

If you're going to keep a car 10 years or more, buying new is ok. If you're going to keep it less than 10 years, look into a 3 year used vehicle. However there aren't tons of steals in the reliable car brands (Toyota, Lexus, etc) - ie, they hold their value well. My 10 year old Toyota is at 160k mil...
by letsgobobby
Wed Sep 21, 2016 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Should i buy this house?
Replies: 22
Views: 2424

Re: Should i buy this house?

absolutely not. You do not know how you will react to constant noise and it could be very very bad (worse than you think at all hours of the night). As you say, it will worsen over time. And it will be much harder to sell.
by letsgobobby
Wed Sep 21, 2016 9:49 am
Forum: Investing - Help with Personal Investments
Topic: Need 5.3% nominal
Replies: 25
Views: 3329

Re: Need 5.3% nominal

Doing some planning for my parents and they need to achieve a 5.3% nominal return over the next 7 years until beginning withdrawals from portfolio. What is the best way to decide on an asset allocation given that the future is unknown and rates are so low. A real return of 3-3.5% if you want to thi...
by letsgobobby
Wed Sep 21, 2016 1:29 am
Forum: Personal Consumer Issues
Topic: closet organizing system
Replies: 29
Views: 2373

Re: closet organizing system

Anyone use Closet Factory from Costco?
by letsgobobby
Tue Sep 20, 2016 9:53 pm
Forum: Personal Consumer Issues
Topic: Loan on $1.3MM Fixer-upper
Replies: 59
Views: 4844

Re: Loan on $1.3MM Fixer-upper

Have a hard time imagining that in this neighborhood you will get anything substantial done for $200k. In a much lower priced neighborhood, in a lower priced labor market, a higher end builder estimated $100k for a kitchen gut job and $50k for a master bath. This excludes the other 80% of the house,...
by letsgobobby
Tue Sep 20, 2016 2:12 pm
Forum: Personal Consumer Issues
Topic: Last minute Portland trip, need help
Replies: 23
Views: 1498

Re: Last minute Portland trip, need help

i have stayed there and it is nice. It has a good breakfast (sit down restaurant with good food) that is typically included in the rate, a nice outdoor hot tub and pool. We like it quite a lot.
by letsgobobby
Mon Sep 19, 2016 11:30 pm
Forum: Personal Consumer Issues
Topic: Last minute Portland trip, need help
Replies: 23
Views: 1498

Re: Last minute Portland trip, need help

I'll second Hood River because you can get many birds with 1 stone. Topography - The Gorge, world-class waterfalls and hiking - check. Cute town - Hood River - great eating and drinking and vibe - check. It is apple/pear season so enjoy the "Fruit Loop" and sample all kinds of varieties, c...
by letsgobobby
Sun Sep 18, 2016 2:34 pm
Forum: Investing - Theory, News & General
Topic: "Uncle Sam Pays Almost Twice The Yield On Treasurys--If You Know Where To Look
Replies: 82
Views: 10559

Re: "Uncle Sam Pays Almost Twice The Yield On Treasurys--If You Know Where To Look

Sure you get 3.5% if you hold them 20 years but what if something happened and you had to liquidate prior to 20 years? Wouldn't you just get like 0.1% on bonds bought today. That is a lot of risk if you aren't 100% certain you can hold them 20 years and frankly who would bet that stocks wouldn't ou...
by letsgobobby
Sat Sep 17, 2016 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Do you really need 2.5 million to retire well?
Replies: 247
Views: 38278

Re: Do you really need 2.5 million to retire well?

Today's Barron's has a feature on 'pentamillionaires', those with $5M or more in investable assets. Their ranks have grown. Without tongue in cheek, they write that even $5 M doesn't go that far today. After all (they say), a 5.5% return would return only $275k, which after taxes would be about $135...

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