Search found 243 matches

by msj16
Mon Dec 25, 2017 12:59 pm
Forum: Investing - Theory, News & General
Topic: At What Point Do you Just Only Play with "House Money"
Replies: 27
Views: 2359

Re: At What Point Do you Just Only Play with "House Money"

OP, I think the nervousness indicates that you need a more conservative asset allocation which is not the same as timing the market. We all should occasionally revisit our asset allocation as we age and get closer to our goals.
by msj16
Sat Dec 23, 2017 11:26 am
Forum: Investing - Theory, News & General
Topic: Saving for the crash
Replies: 58
Views: 7511

Re: Saving for the crash

The question I have though is whether anyone has a slight range for asset allocation (so increasing bond holdings slightly when the market appears to be potentially ready for a dip. I get that this is still likely a drag on investing gains. I assume based on this thread that the asset allocation sho...
by msj16
Thu Dec 14, 2017 9:02 am
Forum: Investing - Help with Personal Investments
Topic: What to do after losing $117k in stock market?
Replies: 156
Views: 17140

Re: What to do after losing $117k in stock market?

OP, Being truthful with oneself is very important to beat addictions. Despite the best of intentions, we all succumb to our impulses and have to help prevent this from happening (e.g., not buying the cookies in the store in the first place so it does not tempt one). To reduce the tendency to gamble ...
by msj16
Thu Dec 14, 2017 12:40 am
Forum: Personal Consumer Issues
Topic: That Extravagant Thing You Do
Replies: 207
Views: 42473

Re: That Extravagant Thing You Do

Original watercolor painting by award-winning local artist
Meal Kit delivery service (perhaps once to twice a month - love it for the interesting recipes)
by msj16
Fri Dec 08, 2017 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Why am I still scared ? Is it actually normal ?
Replies: 81
Views: 13593

Re: Why am I still scared ? Is it actually normal ?

Great thread. Sometimes the closer you get to something, the farther away that it seems - like being close to finishing a marathon. I try to work on some other projects besides financial independence so that I don't forget to live along the way.
by msj16
Mon Dec 04, 2017 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE [financial independence/retire early]
Replies: 140
Views: 14510

Re: FIRE [financial independence/retire early]

I will clarify for an American 4% is extremely safe. I'm sure many other less stable nations would require a much safer amount. I think the better wording than "is extremely safe" would be "historically was quite safe". The 4% study was a bit flawed in that success was reached by hitting $0 on the ...
by msj16
Sun Dec 03, 2017 3:27 pm
Forum: Investing - Help with Personal Investments
Topic: Just downsized at age 60...input appreciated
Replies: 56
Views: 5227

Re: Just downsized at age 60...input appreciated

I am sure that the advisor won't "guarantee" saving the nest egg from downturns. In reality you do better off over the long term by saving on the advisor's fees.
by msj16
Sat Dec 02, 2017 5:48 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring around 60 and the implications of high draws until 70?
Replies: 4
Views: 876

Re: Retiring around 60 and the implications of high draws until 70?

One might also take into account that people tend to spend more during the earlier stages of retirement but as they age, they spend less. So, even if don't maintain the same lifestyle after you take social security at 70, it may be okay. The unpredictable variable is heath care costs.
by msj16
Tue Nov 28, 2017 5:36 pm
Forum: Investing - Theory, News & General
Topic: Asset Allocation [in market crash]
Replies: 38
Views: 2343

Re: Asset Allocation [in market crash]

When a market crashes this badly, and we are only 5-10 years out from retirement, should we be leaving the allocation the way it is? Yes, but.....as you get nearer to retirement you should incrementally change your allocation to a more defensive posture. This is called a "glide path" by some - you ...
by msj16
Tue Nov 28, 2017 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Need Employment Lawyer asap - NY/NJ/PA
Replies: 6
Views: 769

Re: Need Employment Lawyer asap - NY/NJ/PA

The employer has an office in NJ but has a main office in another state. Friend works out of NJ but travels back to main office and other locations.
by msj16
Tue Nov 28, 2017 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Need Employment Lawyer asap - NY/NJ/PA
Replies: 6
Views: 769

Need Employment Lawyer asap - NY/NJ/PA

Hello Bogleheads, A good friend is having a big problem. He got a new boss who is pretty sociopathic (lies, manipulates etc...). This friend is trying to get another job but has a noncompete agreement. Otherwise, another company would like to hire him. He needs a lawyer to review the agreement and s...
by msj16
Wed Nov 15, 2017 5:56 pm
Forum: Personal Consumer Issues
Topic: Regrets after reaching retirement?
Replies: 42
Views: 4820

Re: Regrets after reaching retirement?

Barefootgirl wrote:
Wed Nov 15, 2017 5:41 pm
I watch this from time to time:

https://youtu.be/qHnIJeE3LAI
Thank you for this link. Yes, we need to be mindful - that is not always regretting the past or worrying about the future. Of coure all of us have to do some planning but we shouldn't forget to live for now.
by msj16
Sun Nov 12, 2017 10:35 pm
Forum: Personal Consumer Issues
Topic: Do you meditate?
Replies: 131
Views: 10718

Re: Do you meditate?

Meditation is the gift that keeps on giving. I learned TM as a teen and found that in college it gave me great mental clarity.
by msj16
Wed Nov 08, 2017 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: 529 plan questions
Replies: 20
Views: 1887

Re: 529 plan questions

Thank you for the clarification Spirit Rider. I may have overfunded the 529. Therefore to gift it to the next generation I just have to be careful about following the 529 rules (that year's gift tax limit times 5 as a lumpsum) to avoid any additional taxes or reporting requirements.
by msj16
Wed Nov 08, 2017 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: 529 plan questions
Replies: 20
Views: 1887

Re: 529 plan questions

Thank you Rupert. I appreciate the explanation and the resource.
by msj16
Wed Nov 08, 2017 4:55 pm
Forum: Investing - Help with Personal Investments
Topic: HSA w high medical expenses: Still worth it?
Replies: 18
Views: 1527

Re: HSA w high medical expenses: Still worth it?

Love to hear more about the excel formula - Did you estimate based on last year's medical expenses?
by msj16
Wed Nov 08, 2017 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: 529 plan questions
Replies: 20
Views: 1887

Re: 529 plan questions

So Spirit Rider - does that mean Rupert is not correct about the generation-skipping transfer tax?
by msj16
Tue Nov 07, 2017 2:54 pm
Forum: Personal Consumer Issues
Topic: Fair Price for a Kitchen Remodel
Replies: 37
Views: 3931

Re: Fair Price for a Kitchen Remodel

I was quoted 30,000 just recently for a bathroom remodel which required a few minor changes. I did find a carpenter working for himself who was willing to do it for 20,000. The big firms have high mark-ups.
by msj16
Sun Nov 05, 2017 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 522
Views: 52587

Re: Picking College and College Scholarships

Perhaps this was said already but Mudd supposedly has one of the highest return on investments of any college in the U.S.
by msj16
Thu Nov 02, 2017 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: HSA calculator and choosing health plan
Replies: 6
Views: 940

Re: HSA calculator and choosing health plan

Thanks to everyone who responded. This information has been very helpful. So many unknowns still make the decision difficult but it gives me an appreciation for the value of the HSA.
by msj16
Tue Oct 31, 2017 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: HSA calculator and choosing health plan
Replies: 6
Views: 940

Re: HSA calculator and choosing health plan

I really appreciate the feedback. Here is the information: 1. HIgh Deductible Plan Premium: 3200 per year (plus 1200 contribution by employer to HSA) Deductible: 1500 individual/3000 Family In-network, 3000 individual/6000 family out-of-network Co-insurance: 80% in-network, 60% out-of-network Out of...
by msj16
Tue Oct 31, 2017 10:35 am
Forum: Personal Finance (Not Investing)
Topic: HSA calculator and choosing health plan
Replies: 6
Views: 940

HSA calculator and choosing health plan

Hello, I am trying to figure out whether to try a high-deductible health plan that includes an HSA for the first time. Does anyone know any calculators out there that can help with this? High deductible plan has a 3000 savings in premium, a 1200 employer contribution to the HSA but we have chronic i...
by msj16
Wed Oct 04, 2017 6:14 pm
Forum: Investing - Help with Personal Investments
Topic: Only bond fund in 401K is Pimco Total Return. Buy?
Replies: 15
Views: 820

Re: Only bond fund in 401K is Pimco Total Return. Buy?

Thank you retiredjg. I don't mind a bit of additional risk, especially because I have recently reduced my allocation to stocks as a whole so no matter what, it won't be as risky as the stock funds my money used to be in.

Excellent - thanks all. It is nice to make an informed choice.
by msj16
Wed Oct 04, 2017 5:50 pm
Forum: Investing - Help with Personal Investments
Topic: Only bond fund in 401K is Pimco Total Return. Buy?
Replies: 15
Views: 820

Re: Only bond fund in 401K is Pimco Total Return. Buy?

Thanks bloom2708 - I will see this fund as an appropriate choice. retiredjg - The old 401K definitely has a much lower cost bond fund (ER =.025% for Fidality Bond Fund FXNAX). The YTD is -.12 vs. 3.46 for Pimco Total return. I know it is performance chasing just to go for the most recent return so I...
by msj16
Wed Oct 04, 2017 4:38 pm
Forum: Investing - Help with Personal Investments
Topic: Only bond fund in 401K is Pimco Total Return. Buy?
Replies: 15
Views: 820

Re: Only bond fund in 401K is Pimco Total Return. Buy?

bloom2708- Thanks for your response. The expense ratio is .47%

mptfan - Thanks for the feedback. I am glad to know that it is well-diversified.
by msj16
Wed Oct 04, 2017 4:22 pm
Forum: Investing - Help with Personal Investments
Topic: Only bond fund in 401K is Pimco Total Return. Buy?
Replies: 15
Views: 820

Only bond fund in 401K is Pimco Total Return. Buy?

Hello, My new 401K fund only has one bond fund available: Pimco Total Return (yTD - 3.46 one year return - 2.13). Since it is an actively managed bond fund versus an index fund should I avoid it? I can add more bonds to my old 401K by selling stock and putting it into an index bond fund (which is no...
by msj16
Fri Sep 15, 2017 3:27 pm
Forum: Investing - Help with Personal Investments
Topic: Help With Asset Allocation - 7 years to retirement
Replies: 10
Views: 1562

Re: Help With Asset Allocation - 7 years to retirement

My apologies for not responding sooner. Thank you everyone for your very helpful advice. I really like the idea of just smoothly decreasing the allocation over the 7 years since I can adjust the glide path as needed, depending on whether I might continue working. Thank you to everyone for giving me ...
by msj16
Wed Sep 13, 2017 7:19 pm
Forum: Investing - Help with Personal Investments
Topic: Help With Asset Allocation - 7 years to retirement
Replies: 10
Views: 1562

Help With Asset Allocation - 7 years to retirement

I would appreciate some help with asset allocation. I am getting close (95% of way) to financial independence at age 52. I am not interested in retiring yet. I am able to withstand sharp drops in the market (did not sell in 2008). I want to retire in 7 years but I like my job and may even work part-...
by msj16
Sat Sep 09, 2017 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security bend points/early retirement estimates
Replies: 17
Views: 3261

Re: Social Security bend points/early retirement estimates

Spirit Rider - your post is very helpful. I just went to the site and it is not obvious that you have to hit the estimate button again to state future earnings as zero. I did so and found out that stopping work next year only changes my estimate by one dollar!
by msj16
Tue Aug 22, 2017 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Who Do You Trust for Disability/Life Insurance
Replies: 10
Views: 1278

Re: Who Do You Trust for Disability/Life Insurance

I purchased a 30 year term life - most policies are twenty year. This takes me all the way to retirement.
by msj16
Sun Aug 20, 2017 10:43 pm
Forum: Investing - Theory, News & General
Topic: I own no international stocks. Can you guess why?
Replies: 167
Views: 16113

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

wassabi wrote:
Sun Aug 20, 2017 4:31 pm
Dottie57 wrote:
Sun Aug 20, 2017 11:28 am
You've given it away to family.
:thumbsup
Good guess. To family or charity.
+3 You prefer giving away your wealth during your lifetime.
by msj16
Thu Aug 17, 2017 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone planning on never retiring?
Replies: 138
Views: 12342

Re: Anyone planning on never retiring?

I took a self-imposed break from my work this summer (self-employed) due to burn-out but find now that I miss work. I am happy to get back to it and realize that it offers a creative outlet for my skills. I realize that I am lucky to be able to control my hours. Victoria - please write a book about ...
by msj16
Fri Aug 11, 2017 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Health Savings Account
Replies: 37
Views: 4302

Re: Health Savings Account

Thanks to all for the great advice.
by msj16
Fri Aug 11, 2017 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Health Savings Account
Replies: 37
Views: 4302

Re: Health Savings Account

What about current medical expenses? Is there some guideline as to when that would negate the value of a HSA?
by msj16
Wed Aug 02, 2017 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card that lists running balance online
Replies: 17
Views: 1837

Re: Credit Card that lists running balance online

Thanks everyone for the advice. Ideally a running total with new transactions at the bottom is what I prefer but I am good now.
by msj16
Tue Aug 01, 2017 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card that lists running balance online
Replies: 17
Views: 1837

Re: Credit Card that lists running balance online

Thank you for the tip BolderBoy and sport.

NorCalDad - Sorry, I wasn't clear. Yes - Chase gives the balance but I am looking for the running balance after each transaction. I got used to it with my previous credit card.
by msj16
Tue Aug 01, 2017 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card that lists running balance online
Replies: 17
Views: 1837

Credit Card that lists running balance online

Hello, I would like to get a credit card with a running balance not just the final balance. My current card with Chase just lists transactions online and total balance without calculating a running balance along the way. I would love it if it had a simple cash-back reward as well. Thanks for your he...
by msj16
Sun Jun 04, 2017 10:37 pm
Forum: Personal Consumer Issues
Topic: Favorite Thriller Authors and Why
Replies: 54
Views: 10344

Re: Favorite Thriller Authors and Why

Ken Follet - Eye of the Needle.

Classic spy thriller
by msj16
Fri Jun 02, 2017 7:01 pm
Forum: Investing - Theory, News & General
Topic: Milestone and not peeking. . .
Replies: 66
Views: 9388

Re: Milestone and not peeking. . .

Congratulations. I seem to recall you paying off your mortgage about the same time as I paid off mine. We are now coasting faster toward our retirement goals (with hopefully continued good fortunate).

Best of Luck.
msj16
by msj16
Tue May 30, 2017 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: Go part time number
Replies: 73
Views: 11209

Re: Go part time number

I am enjoying this thread. I was part-time years ago to be there for family, went to full-time and am going back to part-time. The reason is that some things are now or never - such as being there for kids before they go to college, working on passion projects, spending time on healthy activities to...
by msj16
Fri May 26, 2017 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401K 5500 IRS form quick question
Replies: 11
Views: 822

Re: Solo 401K 5500 IRS form quick question

Thanks Livesoft for the info.

Thanks IngognitoUSA - ERISA Stone is not recommending the 5500-SF but instead the EZ as it is slightly less complicated. I am a solo practitioner without employees so I believe that either works.
by msj16
Fri May 26, 2017 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401K 5500 IRS form quick question
Replies: 11
Views: 822

Re: Solo 401K 5500 IRS form quick question

Livesoft - Did you also file using the cash basis method once the December 31st balance reached 250000 (not counting pending contributions by April)? If most people typically use that method, I feel more comfortable waiting to file next year. By ERISA Stone's post, it seems that this method is quite...
by msj16
Fri May 26, 2017 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401K 5500 IRS form quick question
Replies: 11
Views: 822

Re: Solo 401K 5500 IRS form quick question

Thank you very much Artful Dodger and ERISA Stone I will do a paper EZ Based on what ERISA Stone has suggested. My business accountant is refusing to do the form - saying that it needs a specialist! I am not terribly comfortable completing tax forms. If anyone knows of a business who would do it for...
by msj16
Fri May 26, 2017 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Solo 401K 5500 IRS form quick question
Replies: 11
Views: 822

Re: Solo 401K 5500 IRS form quick question

Thank you ERISA Stone,I am very grateful for your help! I will remember to use the same method each year.

If anyone else had any problems with this method (IRS contacting you/penalties), I would appreciate hearing about it.
msj16
by msj16
Fri May 26, 2017 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Solo 401K 5500 IRS form quick question
Replies: 11
Views: 822

Solo 401K 5500 IRS form quick question

Hello, I have a Solo 401K with Vanguard. IRS requires 5500 form when plan assets exceed 250000 by December 31st. I have 2 questions: (a) My assets did not exceed 250000 by December 31st (based on end of year statement from Vanguard), but my accountant (who has never filed the form and doesn't really...
by msj16
Fri May 13, 2016 7:38 am
Forum: Investing - Help with Personal Investments
Topic: How do Bogleheads invest their 529s?
Replies: 28
Views: 2738

Re: How do Bogleheads invest their 529s?

My child luckily has over 100,000 in growth after principle in the 529 plan. We aggressively front loaded money in when he was young. I based investing on using a college calculator, estimating 5% return from stocks. Now we are letting the stock allocation glide down, but it remains in an aggressive...
by msj16
Tue May 03, 2016 5:49 pm
Forum: Investing - Theory, News & General
Topic: Vanguard says app glitch led to inflated balances shown on Apple devices
Replies: 2
Views: 793

Re: Vanguard says app glitch led to inflated balances shown on Apple devices

I don't find this terribly amusing. Maybe I am being too harsh but whoever is reponsible should pay a fine. We can't expect the everyday consumer to be wise enough to realize that this is a glitch. Someone might make a financial decision at that point getting them into some trouble. Software is supp...
by msj16
Mon Apr 04, 2016 9:28 pm
Forum: Personal Consumer Issues
Topic: Author Advice - Advantages/Disadvantages of Co-author
Replies: 33
Views: 4088

Re: Author Advice - Advantages/Disadvantages of Co-author

Thank you Kazper for responding, but this is an old post, with a recent update. I wrote the book myself with no co-author and just submitted the manuscript. This book is for a lay audience. Time will tell if it will sell!
by msj16
Mon Apr 04, 2016 10:12 am
Forum: Personal Consumer Issues
Topic: Author Advice - Advantages/Disadvantages of Co-author
Replies: 33
Views: 4088

Re: Author Advice - Advantages/Disadvantages of Co-author

Thank you very much miebuf. I chose to write the book in my area of expertise. Thankfully now the book is another credential for me which will attract clients to my business and establish me further as an expert in my local area. Thank you WhiteCoat Investor. Congratulations as well on your book's s...