Search found 282 matches

by meowcat
Thu Jul 28, 2016 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Daring to figure it out for myself -- To Roth or Not to Roth and defusing the RMD tax bomb
Replies: 27
Views: 3152

Re: Daring to figure it out for myself -- To Roth or Not to Roth and defusing the RMD tax bomb

Church Lady wrote:
My first RMD is in 2028. If I had to take my first RMD from my taxable account today, it would equal about 9066% of my projected 2017 living expenses.

I'm just not understanding this. Can someone please explain how one has RMD on a taxable account?
by meowcat
Sat Jul 16, 2016 11:43 am
Forum: Personal Consumer Issues
Topic: Do you tip Uber drivers?
Replies: 49
Views: 5253

Re: Do you tip Uber drivers?

I personally asked an Uber driver in Las Vegas if he accepted tips. He said "oh yes, as a matter of fact, it's greatly appreciated".
by meowcat
Thu Jul 14, 2016 5:39 am
Forum: Investing - Help with Personal Investments
Topic: Pull out of market?
Replies: 56
Views: 5282

Re: Pull out of market?

With the Dow at over 18K, I really want to temporarily move my 60% stock mutual funds from there into my Vanguard brokerage account, but keeping the 40% bonds portion in play. Here's the problem with that thinking; What happens if the Dow hits 19k? Then 20k? how about 21k? Can you imagine 22k? At s...
by meowcat
Tue Jul 12, 2016 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Real career path for a 23 yr old with no college degree
Replies: 50
Views: 5072

Re: Real career path for a 23 yr old with no college degree

Teague wrote:He could start out in new car sales. Last I checked, no experience necessary. Then build from there.

Agreed. The automotive industry is a great place to make a lot of money without a higher education.
by meowcat
Tue Jul 12, 2016 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Retiring overseas?
Replies: 39
Views: 7344

Re: Retiring overseas?

Rubiosa wrote:Panama would be my choice hands down. I lived there five years. Everybody speaks English. Beautiful country. Convenient to U.S. Household help is cheap. Etc. Pacific side, not the Atlantic.

Pacific or Atlantic? Don't you mean Pacific or Caribbean?
by meowcat
Mon Jul 11, 2016 2:21 pm
Forum: Investing - Help with Personal Investments
Topic: Traditional IRA Deductibility
Replies: 3
Views: 236

Re: Traditional IRA Deductibility

When you're married filing jointly, the IRA deduction limits look at your combined MAGI for Traditional IRA purposes. This MAGI starts with your AGI (your combined income) and makes modifications. Thanks, DSinvestor, this is the piece of information I needed. It was not spelled out on any website t...
by meowcat
Mon Jul 11, 2016 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: Traditional IRA Deductibility
Replies: 3
Views: 236

Traditional IRA Deductibility

I'm really confused over TIRA deductibility limits. Info: Married, filing jointly Both covered by 401(k) at work. Every website I pull up regarding IRA deductibility limits have two different answers. If married filing jointly your MAGI limit for a full deduction is 98k. I'm also seeing: If married ...
by meowcat
Thu Jun 30, 2016 10:18 am
Forum: Personal Consumer Issues
Topic: Tipping Etiquette Question.
Replies: 37
Views: 3377

Tipping Etiquette Question.

My Wife and I go to a bar located inside a nice restaurant. I order a cocktail and my DW asks the bartender about wines. She's hesitant about house wines so the bartender suggested a certain wine that she has never had. She didn't like the wine. The bartender replaced it with a glass that she's fami...
by meowcat
Fri Jun 24, 2016 9:42 am
Forum: Personal Finance (Not Investing)
Topic: USAA auto premium increase
Replies: 2
Views: 568

Re: USAA auto premium increase

What state do you live in? How long have you held the policy? When DW and I moved to Florida in 2000 we signed up with USAA. Our first 6 month renewal jumped nearly 30%. They said everything was on the up and up and assured me there were no mistakes. DW and I are 50 and 52, have perfect driving reco...
by meowcat
Mon May 16, 2016 5:46 am
Forum: Personal Finance (Not Investing)
Topic: Renting vs owning
Replies: 141
Views: 15449

Re: Renting vs owning

In my own personal situation, Had I continued to own for 30 years, we would have paid out in PITI, almost $1,300,000, not including maintenance and repair. Maybe, just maybe the house would have been worth 800k at time of sale 15 years from now, a negative of almost 500k. We just sold the house and...
by meowcat
Thu May 12, 2016 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Renting vs owning
Replies: 141
Views: 15449

Re: Renting vs owning

In my own personal situation, Had I continued to own for 30 years, we would have paid out in PITI, almost $1,300,000, not including maintenance and repair. Maybe, just maybe the house would have been worth 800k at time of sale 15 years from now, a negative of almost 500k. We just sold the house and ...
by meowcat
Wed Apr 13, 2016 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Switch to Geico from USAA
Replies: 32
Views: 2509

Re: Switch to Geico from USAA

How is Geico so much cheaper? As an employee working in the automotive and body repair business for the last 30 years, I can tell you exactly why Geico is so much cheaper. I've worked intimately with Geico's claims adjusters for many, many years. Here's the thing; If all that matters to you is pric...
by meowcat
Fri Mar 25, 2016 9:33 am
Forum: Investing - Help with Personal Investments
Topic: Best & Worst Financial Decisions?
Replies: 92
Views: 8905

Re: Best & Worst Financial Decisions?

Worst: Buying too much house 15 years ago.
Best: Selling said house so that DW and I could max out our 401(k)

15 years of too much house nearly killed us.
by meowcat
Fri Mar 04, 2016 7:36 am
Forum: Investing - Help with Personal Investments
Topic: Do You Give Your Friends Investment Advice?
Replies: 58
Views: 4484

Re: Do You Give Your Friends Investment Advice?

No. What I will do, however, is let them know how I personally invest, and why, and then leave it up to them. This way, there is no "implied" liability on my part. Very effective.
by meowcat
Fri Feb 19, 2016 12:12 pm
Forum: Investing - Theory, News & General
Topic: One sentence financial rule
Replies: 22
Views: 3114

Re: One sentence financial rule

Cannot people realize how large an income is thrift?

Marcus Tullius Cicero
by meowcat
Thu Feb 11, 2016 8:13 am
Forum: Personal Consumer Issues
Topic: New Washer - Frontload or HE Top Load
Replies: 48
Views: 4751

Re: New Washer - Frontload or HE Top Load

Top loader all the way. They are much, much better at getting clothes clean. Speed Queen builds the best and longest lasting washer/dryer on the planet.
by meowcat
Thu Feb 11, 2016 8:00 am
Forum: Investing - Theory, News & General
Topic: Are index funds a guaranteed return?
Replies: 42
Views: 3109

Re: Are index funds a guaranteed return?

Guaranteed market returns, absolutely, yes. Guaranteed positive returns, no one knows. Actively managed funds have no guarantee, whatsoever.
by meowcat
Fri Jan 29, 2016 9:08 am
Forum: Investing - Theory, News & General
Topic: What is your favorite Financial Quote or Metaphor??
Replies: 179
Views: 11915

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

“Don’t tell me where your priorities are. Show me where you spend your money and I’ll tell you what they are.”
James W. Frick
by meowcat
Tue Jan 26, 2016 9:22 am
Forum: Investing - Help with Personal Investments
Topic: Should we do what our FA advises?
Replies: 52
Views: 4126

Re: Should we do what our FA advises?

Seriously, this guy is going to end up with more of your money than you will. Not only are he and his funds going to charge you almost 3% in astronomical ongoing fees, he's going to take 75% of your retirement income as well.
by meowcat
Fri Jan 22, 2016 8:39 am
Forum: Investing - Theory, News & General
Topic: Why Bogle?
Replies: 36
Views: 3778

Re: Why Bogle?

Even the best investment strategies don't offer guarantees, not even Bogles'. What the Bogle strategy *does* do is offer it's investors the greatest odds of reaching your retirement/investment goals.
by meowcat
Thu Jan 14, 2016 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Does a BH play the lottery?
Replies: 78
Views: 4519

Re: Does a BH play the lottery?

Well, I never buy a ticket but I figure my chances of winning are about the same as those who do buy tickets! So I can dream as much as anyone. :moneybag So funny that you said that. I just recently heard on a talk radio show that the phrase "you can't win if you don't play" is really not...
by meowcat
Tue Oct 27, 2015 12:54 pm
Forum: Investing - Theory, News & General
Topic: Peanut returns [why not try stock picking?]
Replies: 61
Views: 6685

Re: Peanut returns [why not try stock picking?]

InvestorNewb wrote:
Why not invest in the top stocks of well-known companies that are moving the index? Buy them for 6-12 months and then sell them and buy the next top ones for that year and repeat.

Because the day you buy them they turn cold. Then where would you be?
by meowcat
Thu Jul 30, 2015 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Geico Auto Insurance
Replies: 63
Views: 4883

Re: Geico Auto Insurance

GEICO has one goal; to repair your car to "un-crashed" condition, that's it. They will do it as quickly and cheaply as humanly possible. Many top tier body shops in my area refuse to take a GEICO claim because they just won't to pay for a proper repair. Repair time is cut, paint work time ...
by meowcat
Wed Jul 29, 2015 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: Need a Piece of Evidence on the Boglehead Strategy
Replies: 34
Views: 3318

Re: Need a Piece of Evidence on the Boglehead Strategy

I know there have been some reading recommendations. I thought I'd throw in a video alternative. Though it's not the overall best documentary on the subject, there is a segment at around 23:30 with Jason Zweig followed by John Bogle that gets the point about fees and active management across: http:...
by meowcat
Tue Jul 14, 2015 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Drop collision and/or comprehensive insurance?
Replies: 32
Views: 3502

Re: Drop collision and/or comprehensive insurance?

I called my insurance company and asked them to drop comp/collision on my 13 year old car. They said congratulations, you save $9/month. I said "let's keep it".
by meowcat
Mon Jul 13, 2015 1:04 pm
Forum: Investing - Help with Personal Investments
Topic: Where are people putting their investment money if they see a correction coming in US stock market
Replies: 69
Views: 8687

Re: Where are people putting their investment money if they see a correction coming in US stock market

So, here's what's going to happen: You get out right now and go to cash/cd's/bonds. 1. 6 months later the market continued to rise and you question your decision to sell when you did but still feel that you made the correct choice. 2. Another 6 months go by and the market, again, continues to rise. ...
by meowcat
Tue Jul 07, 2015 11:38 am
Forum: Investing - Help with Personal Investments
Topic: Re: Advice on Whole Life Insurance as part of retirement portfolio
Replies: 44
Views: 2712

Re: Advice on Whole Life Insurance as part of retirement portfolio

Chris, one thing we haven't been clear about is the fact that there isn't one person in this thread that as one iota of incentive to steer you away from WL. Nobody on these boards gains a thing regarding your decision. Do you think your insurance salesman has any incentive for you to buy WL? Yea, pr...
by meowcat
Sat Jul 04, 2015 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Real Estate Inspection Question
Replies: 18
Views: 2552

Re: Real Estate Inspection Question

Sellers are not responsible to make repairs after the sale, even if sold "as-is". I take as-is to mean that, yes, my house is in need of repair and I'm not fixing it before I sell it. Of course, my asking price reflects the needed repairs.
by meowcat
Sat Jul 04, 2015 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Real Estate Inspection Question
Replies: 18
Views: 2552

Re: Real Estate Inspection Question

If you're property was priced aggressively to begin with and you took an offer that was $10k below that, I would make note in the negotiations that a non-functioning HVAC was already priced into your listing. My folks are selling their house and downsizing. their house is in need of new carpeting. H...
by meowcat
Mon Jun 15, 2015 11:44 am
Forum: Investing - Theory, News & General
Topic: Aren't bogleheads predicting the long term?
Replies: 84
Views: 9695

Re: Aren't bogleheads predicting the long term?

I'd like to believe that we're not predicting anything. We simply know and understand where the best odds are and we place our bets there.
by meowcat
Fri Jun 12, 2015 8:28 am
Forum: Personal Finance (Not Investing)
Topic: IPhone Financial stuff
Replies: 26
Views: 3510

Re: IPhone Financial stuff

No more or less safe than an ipad or laptop, unless you count the possibility of loss of a smaller device being higher. 4G may be a bit safer than wifi, but financial sites use SSL which would encrypt either way. Loss with cached passwords is the killer. 1) Don't lose it. 2) There are security feat...
by meowcat
Fri Jun 12, 2015 7:41 am
Forum: Personal Finance (Not Investing)
Topic: IPhone Financial stuff
Replies: 26
Views: 3510

Re: IPhone Financial stuff

I never, ever enter any kind of financial user name and password using a public hot spot. That's just asking for trouble.
by meowcat
Thu May 28, 2015 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement homes
Replies: 22
Views: 3995

Re: Retirement homes

$5k/month sounds reasonable for the services offered but $550k entry fee?? That sounds a bit absurd, especially for persons nearing the end of their life. If you lose a loved one 6 months into the program does the family get any of that money back?
by meowcat
Wed May 20, 2015 12:04 pm
Forum: Investing - Theory, News & General
Topic: StayTheCourse from a different source
Replies: 2
Views: 675

Re: StayTheCourse from a different source

I don't like the word "average". I think differently than most, I guess. If I begin my investing career in an all indexed portfolio and I'm able to stay the course over the following 40-45 years, I will have beaten the pants off of 90%-95% of all professional money managers. If I win the g...
by meowcat
Mon May 18, 2015 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Flood Insurance for Florida Condo High Rise?
Replies: 11
Views: 1852

Re: Flood Insurance for Florida Condo High Rise?

My biggest concern would not be from storm surge as it's highly unlikely to reach 5 stories. Has anybody else seen what kind of destruction can happen from a common plumbing leak, especially in a hi-rise?
by meowcat
Mon May 18, 2015 6:00 am
Forum: Investing - Help with Personal Investments
Topic: Time to reach 1M and 2M milestones
Replies: 74
Views: 14328

Re: Time to reach 1M and 2M milestones

Contributions also cease to matter. Save 10k/yr and you can get to 100k in 10 years. On the other hand trying to save 1 million dollars at 10k/yr is pretty much impossible . Hardly. If you've got time on your side, say, an entire investing career of 40 years, 1 million is easily reached, even with ...
by meowcat
Thu May 14, 2015 6:01 am
Forum: Investing - Theory, News & General
Topic: [Teens and Investing]
Replies: 17
Views: 1269

Re: [Teens and Investing]

For someone just starting out I'd suggest reading William Bernstein's "If You Can". It's written by a very well respected author, it's only 16 pages long, it's specifically written for people in thier early 20's (they'll be there all too soon). Best of all it's available for free here htt...
by meowcat
Fri May 08, 2015 5:59 am
Forum: Investing - Help with Personal Investments
Topic: move to cash for upcoming bear market?
Replies: 68
Views: 10063

Re: move to cash for upcoming bear market?

You know, the S&P500 has only gone from 1500 points in the year 2000 to 2100 points fifteen years later. That's not much of a gain for that long a period, so what is the reason for this extreme confidence that there is some huge, or even moderate, bear market on the near horizon? Maybe if the S...
by meowcat
Sat May 02, 2015 6:36 am
Forum: Personal Finance (Not Investing)
Topic: [How do I lead a discussion about saving for retirement?]
Replies: 38
Views: 4897

Re: [How do I lead a discussion about saving for retirement?

Audience: Young, impressionable adults. Topic: Boring, personal finance and retirement planning. I'm sorry but you're going to have to bring some serious fun into this group. Make it funny. Make it memorable. Be witty and charming. Yell, cry, scream. Motivate these guys, don't Ben Stein them to dea...
by meowcat
Thu Apr 30, 2015 6:31 am
Forum: Investing - Help with Personal Investments
Topic: Broke buy quarterly
Replies: 40
Views: 3605

Re: Broke buy quarterly

your right, i love owning companies i love though, i guess i shouldn't mix business with pleasure as they say, i used to want to own all the companies i interacted with all the time, like NFLX, AMZN, GOOG, AAPL, SBUX, TWTR, lol i don't think thats the best idea anymore, I'm wondering though if high...
by meowcat
Wed Apr 29, 2015 4:01 pm
Forum: Investing - Help with Personal Investments
Topic: Broke buy quarterly
Replies: 40
Views: 3605

Re: Broke buy quarterly

InQuiSiToR_187 wrote:
just saying i would rather choose which stocks i want to hold based on research and company values...

The greatest minds in finance can't beat the market consistently doing this, what makes you think you can?
by meowcat
Wed Apr 29, 2015 6:13 am
Forum: Investing - Help with Personal Investments
Topic: Broke buy quarterly
Replies: 40
Views: 3605

Re: Broke buy quarterly

DSInvestor, Thank you! i was only looking for in depth opinions from somebody smart, i agree with what you say, thank you so much for that reply to my post... i really came here to ask if DIS is a buy , sell or hold at this point, i have my money in3 different places as of now, i have an online sav...
by meowcat
Fri Apr 24, 2015 7:04 am
Forum: Investing - Theory, News & General
Topic: What is a Boglehead?
Replies: 55
Views: 4275

Re: What is a Boglehead?

Investing Made Simple
by meowcat
Thu Apr 16, 2015 6:56 am
Forum: Investing - Theory, News & General
Topic: How to (diplomatically) challenge wife's active mgmt funds
Replies: 90
Views: 6435

Re: How to (diplomatically) challenge wife's active mgmt fun

When I've tried to raise these points before, she's pointed out that her funds' performance has been roughly similar to mine over the past few years, so if my approach is so great, why aren't I doing much better? Maybe others in this thread just missed this but if you're not doing much better than ...
by meowcat
Tue Apr 14, 2015 2:15 pm
Forum: Investing - Help with Personal Investments
Topic: MFs needs better way of reporting performance/returns
Replies: 22
Views: 1586

Re: MFs needs better way of reporting performance/returns

I use an iOS app from Space Age Industries called "compound interest calculator+". I love it and use it constantly. :happy
by meowcat
Mon Mar 30, 2015 12:00 pm
Forum: Investing - Theory, News & General
Topic: Best Way to Visualize Compounding
Replies: 40
Views: 4356

Re: Best Way to Visualize Compounding

How about this;
If Christopher Columbus had invested a single penny in 1492 and it compounded at 9% for 523 years, that single penny would be worth $375,023,448,433,528,640.00 today!!!!!
A little extreme, I know, but it gets the point across.
by meowcat
Fri Mar 27, 2015 3:11 pm
Forum: Investing - Help with Personal Investments
Topic: Can you really know your AA until you've hit a bear market?
Replies: 74
Views: 6592

Re: Can you really know your AA until you've hit a bear mark

I went through the tech bubble in 2000, as well as the financial crisis of 2008/2009, all the while, holding 100% equities. I never touched a thing, just kept contributing. I'll be 52 this year. Does that make me a good investor? Absolutely not! Even *I* know it's not a smart move. On the other hand...
by meowcat
Sun Mar 22, 2015 6:53 pm
Forum: Investing - Help with Personal Investments
Topic: Book recommendations/advice for my mother
Replies: 6
Views: 840

Re: Book recommendations/advice for my mother

Is there any reason she needs to make any changes at all right now? If not, make sure she knows that. Make sure her financial adviser is not creating an urgency that does not need to exist. Good luck to you. Changes, no, but this needs to be acted upon immediately. This advisor is pushing to her to...
by meowcat
Fri Mar 20, 2015 7:08 am
Forum: Investing - Theory, News & General
Topic: An inspiring message for Bogleheads
Replies: 56
Views: 5305

Re: An inspiring message for Bogleheads

sharpjm, what is your problem?
by meowcat
Tue Feb 10, 2015 10:39 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 1747
Views: 390526

Re: What Movie Have You Recently Watched?

thenextguy wrote:
Whoa, whoa, whoa! Spoiler alert!
I was gonna watch that tonight! :oops:

I know!! I was going to watch Titanic but somebody told me the ship sinks, is that true? :mrgreen:

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