Search found 1288 matches

by munemaker
Thu Feb 23, 2017 8:49 pm
Forum: Investing - Theory, News & General
Topic: For people who think the market is going to crash, where along the continuum are we?
Replies: 104
Views: 6974

Re: For people who think the market is going to crash, where along the continuum are we?

By "improve" they mean that regulations are going to loosen as far as I can tell. "Improve" in this context means more favorable to conducting business. For example, the Administration just killed the "Stream Protection Rule" that restricted coal companies from dumping...
by munemaker
Thu Feb 23, 2017 8:40 pm
Forum: Investing - Theory, News & General
Topic: For people who think the market is going to crash, where along the continuum are we?
Replies: 104
Views: 6974

Re: For people who think the market is going to crash, where along the continuum are we?

TomCat96 wrote:Alright. The market is going to crash. Valuations are through the roof and unreasonable. That's a fact.
It's the dot-com bubble all over again...


Sounds a lot like fear mongering.
by munemaker
Thu Feb 23, 2017 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Wife discoverd UTMA account; Never received 1099s; Parents want it back
Replies: 21
Views: 2278

Re: Wife discoverd UTMA account; Never received 1099s; Parents want it back

I remember a friend whose dad passed away. The dae had a UTMA for one of his kids that he never told his (now adult) kid about. We were surprised that the estate lawyer said the account had to be included in the estate (and PA inheritance tax paid on it) because the parent had exercised control over...
by munemaker
Thu Feb 23, 2017 5:46 am
Forum: Investing - Theory, News & General
Topic: Vanguard opens special offices for $1 million clients
Replies: 63
Views: 9258

Re: anguard opens special offices for $1 million clients

Livesoft, You misunderstood me. The linked article says that vanguard will have three offices where flagshipers can meet face to face with their reps. However, those three locations a are too far from the vast majority of their FS customers. I heard from a FS rep in Scottsdale that the vast vast ma...
by munemaker
Tue Feb 21, 2017 10:49 pm
Forum: Investing - Theory, News & General
Topic: Extreme Valuations, and why you should reconsider
Replies: 199
Views: 11990

Re: Extreme Valuations, and why you should reconsider

dcarste wrote:
Thoughts?


Ignore the noise. Follow your investment policy. Don't time the market.
by munemaker
Tue Feb 21, 2017 7:01 pm
Forum: Investing - Theory, News & General
Topic: For people who think the market is going to crash, where along the continuum are we?
Replies: 104
Views: 6974

Re: For people who think the market is going to crash, where along the continuum are we?

I don't get the point of this thread. Asking when the market is going to crash is like asking how long you will live. The market may be high historically, but it looks ahead. Taxes are expected to fall and the regulatory environment is expected to improve. Market pricing is factoring in all known in...
by munemaker
Mon Feb 20, 2017 9:11 pm
Forum: Investing - Help with Personal Investments
Topic: The need for bonds if I have a pension?
Replies: 43
Views: 2690

Re: The need for bonds if I have a pension?

itstoomuch wrote:Not a teacher or gov.
We bought annuities and sold off bonds. We saw no need for bonds since the deferred annuities function the same way with greater safety (debatable).
YMMV :sharebeer



Can your heirs inherit an annuity like they can a bond?
by munemaker
Mon Feb 20, 2017 9:10 pm
Forum: Investing - Help with Personal Investments
Topic: The need for bonds if I have a pension?
Replies: 43
Views: 2690

Re: The need for bonds if I have a pension?

Your pension won't go up if the value of your stocks go down. Bonds often move counter to stocks.

If I were you, I would own a bond fund.
by munemaker
Sun Feb 19, 2017 9:00 am
Forum: Personal Consumer Issues
Topic: Car windshield wipers - go cheap or better?
Replies: 26
Views: 2606

Re: Car windshield wipers - go cheap or better?

I use Michelin which are a Consumer Reports Best Buy. They are cheap (under $10) and have worked as well or better than more expensive blades $20 and up. Last set I used were Michelin I-beam type, and they lasted for several years (3?). They were still pretty good when I changed them. I bough Miche...
by munemaker
Sun Feb 19, 2017 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Sallie Mae Rewards MC being discontinued
Replies: 139
Views: 14301

Re: Sallie Mae Rewards MC being discontinued

I usually don't get emotional about CCs, but it was a sad day yesterday when I called to cancel my card. I was averaging about $25/month in rewards. Customer Service wanted to give me another Barclay CC, but for some reason were not allowed to transfer to a fee card. I declined.
by munemaker
Sat Feb 18, 2017 8:44 am
Forum: Personal Finance (Not Investing)
Topic: "With $15 Left in the Bank, a Baby Boomer Makes Peace With Less" -- A cautionary tale
Replies: 37
Views: 4527

Re: "With $15 Left in the Bank, a Baby Boomer Makes Peace With Less" -- A cautionary tale

So many people buying things beyond their means. This makes me really sad. :( I have no idea what other people's means are and I don't really have any concern about it. I just focus on my own situation... Generally I don't care about other people's situations. I have some close relatives that have ...
by munemaker
Fri Feb 17, 2017 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard Web Site Down?
Replies: 98
Views: 3603

Re: Vanguard Web Site Down?

SleepKing wrote:Also not able to access it. No notification of technical difficulties on their homepage.


Working fine here.
by munemaker
Thu Feb 16, 2017 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: How Long to Keep Medical Insurance EOB Statements?
Replies: 13
Views: 1208

Re: How Long to Keep Medical Insurance EOB Statements?

I don't keep them at all. Why would I?
by munemaker
Thu Feb 16, 2017 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Credit cards vs. Cash
Replies: 123
Views: 6690

Re: Credit cards vs. Cash

Credit cards are preferable: 1) I have a good record of spending. 2) I have received thousands of dollars of rewards - cash, airline tickets, etc. 3) I don't have to go to the ATM so often for cash. 4) Money is dirty. 5) I have a level of purchase protection with a credit card that I do not have wit...
by munemaker
Wed Feb 15, 2017 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on picking 2017 healthcare plan
Replies: 10
Views: 1217

Re: Advice on picking 2017 healthcare plan

As the OP, I am closing the loop on this subject. I will be retiring at the end of February and using ACA effective March 1, 2017. WIth an estimated 2017 MAGI of $23,000, I signed up for the least expensive silver plan today: Monthly premium = $58.22 Deductible = $100 per person Maximum out of pocke...
by munemaker
Mon Feb 13, 2017 8:44 pm
Forum: Investing - Help with Personal Investments
Topic: Who would quit playing if they already won?
Replies: 106
Views: 10379

Re: Who would quit playing if they already won?

Managing your finances is not a game, it's a lifelong skill that we develop. And because it's not a game, it can't be "won". Managing riisk is part of this skill set. If you don't have enough $$$ to retire comfortably, your risk tolerance should be low. If you have N times what it takes t...
by munemaker
Mon Feb 13, 2017 8:41 pm
Forum: Investing - Help with Personal Investments
Topic: Who would quit playing if they already won?
Replies: 106
Views: 10379

Re: Who would quit playing if they already won?

Another way of saying this is "Why put yourself at risk if you don't need to?" But is a retiree who only wants a 2% withdrawal rate really "at risk" from equity investments, per se? Of course, we're all at risk of a true global meltdown, but who's to say that such a scenario won...
by munemaker
Mon Feb 13, 2017 7:20 pm
Forum: Investing - Help with Personal Investments
Topic: Who would quit playing if they already won?
Replies: 106
Views: 10379

Re: Who would quit playing if they already won?

Another way of saying this is "Why put yourself at risk if you don't need to?"
by munemaker
Mon Feb 13, 2017 11:24 am
Forum: Personal Finance (Not Investing)
Topic: What accounts to include vanguard homepage
Replies: 4
Views: 530

Re: What accounts to include vanguard homepage

I don't include any other accounts. All my custodians want to know the amount of my other assets, and I choose not to tell them. In the era of fake news I guess you could show another account of 7 or 8 mm to see if any special offers come your way. :twisted: I don't link my accounts for the benefit...
by munemaker
Sun Feb 12, 2017 8:20 pm
Forum: Personal Consumer Issues
Topic: Need to replace rear shocks?
Replies: 22
Views: 835

Re: Need to replace rear shocks?

Anything is possible, but I find it very hard to believe shocks on any Honda need replacing at 70,000 miles. I have 191,000 on my CR*V and the original shocks are fine.
by munemaker
Sun Feb 12, 2017 11:54 am
Forum: Personal Finance (Not Investing)
Topic: What accounts to include vanguard homepage
Replies: 4
Views: 530

Re: What accounts to include vanguard homepage

I only include retirement accounts. Do whatever works for you.
by munemaker
Sat Feb 11, 2017 12:44 pm
Forum: Personal Consumer Issues
Topic: Why do you go to restaurants?
Replies: 229
Views: 14816

Re: Why do you go to restaurants?

Yesterday was my wife's birthday and we went to OUTBACK steak house with our younger son. We ordered steaks and lobsters and paid about $78. The steaks were over-cooked and were not as good as what my wife cooked at home. My wife likes to go to restaurants, mostly with her girlfriends, since I do n...
by munemaker
Sat Feb 11, 2017 11:04 am
Forum: Personal Consumer Issues
Topic: Convince Wife for Honda Odyssey
Replies: 48
Views: 2637

Re: Convince Wife for Honda Odyssey

Dear Wife is against getting minivan as a replacement for her aging car. She prefers a SUV in the likes of chevy Tahoe or acura mdx. We have a 3mo old, and I think minivan would better serve our purpose, also since it will be easy on aging parents to get in/out. Would like to hear thoughts/advice. ...
by munemaker
Sat Feb 11, 2017 11:02 am
Forum: Investing - Theory, News & General
Topic: 'Won the game', but what factors could potentially derail it?
Replies: 57
Views: 4328

Re: 'Won the game', but what factors could potentially derail it?

TheTimeLord wrote:
gilgamesh wrote:'(May be 30 X their annual income or something similar)


I sorted stopped reading here because 30X Income is so unrealistic for the vast majority I think you need a better definition of "Won The Game".


My understanding was 25X based on the 4% rule. Not sure where this 30X comes from?
by munemaker
Tue Feb 07, 2017 4:01 pm
Forum: Personal Consumer Issues
Topic: College kids driving cars (to live off campus)
Replies: 44
Views: 2713

Re: College kids driving cars (to live off campus)

My opinion - this is a recipe for disaster. Frat brothers are going to be pressuring him to borrow his car or drive them. Unless things have changed, there is typically a lot of drinking and drug use going on at frats at certain times. I wasn't in a frat, but in college, my roommate had a brand new ...
by munemaker
Sun Feb 05, 2017 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Roth IRA for teen
Replies: 14
Views: 1212

Re: Roth IRA for teen

My teen has some irregular income from babysitting and I'd like to match her earnings in the form of a Roth IRA contribution. There's no 1099 or W-2 for babysitting that I can use for a tax return for her. I assume I use schedule C. Payments are in cash - how do people in this situation assemble sa...
by munemaker
Sat Feb 04, 2017 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Declined with 800 FICO Score?
Replies: 33
Views: 2685

Re: Declined with 800 FICO Score?

If you've actually been declined credit, I think you have a legal right to be given a reason. You probably should follow up on that. Yes, I believe this is correct. It would be good to know the reason. If you happen to do any other type of business with this company, you could also ask them to &quo...
by munemaker
Sat Feb 04, 2017 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Declined with 800 FICO Score?
Replies: 33
Views: 2685

Re: Declined with 800 FICO Score?

I decided to apply for a credit card with a 0% balance transfer APR and was surprised when I was immediately declined. After the decline, I got curious about my FICO score and paid $15 to check it. Turns out my score is 800 and FICO reports all my balances correctly. (My total balance across all my...
by munemaker
Fri Feb 03, 2017 7:54 pm
Forum: Investing - Theory, News & General
Topic: It appears Fiduciary changes may not happen after all.
Replies: 84
Views: 6044

Re: It appears Fiduciary changes may not happen after all.

I manage my own affairs and could care less about this. I manage my own affairs as well. However, if you are employed and have a 401K, this may affect you. I have had some pretty terrible 401K's in the past. Some charged loads. Some have only really high expenses. My wife has a really great one wit...
by munemaker
Fri Feb 03, 2017 3:30 pm
Forum: Investing - Theory, News & General
Topic: It appears Fiduciary changes may not happen after all.
Replies: 84
Views: 6044

Re: It appears Fiduciary changes may not happen after all.

I manage my own affairs and could care less about this.
by munemaker
Fri Feb 03, 2017 9:36 am
Forum: Investing - Help with Personal Investments
Topic: How do you guys ignore this stuff?
Replies: 80
Views: 8088

Re: How do you guys ignore this stuff?

My view is the stock market reflects my own optimism that our businesses and industry are going to become a lot more competitive due to less regulation and continued application of technology and automation. Of course there are corrections from time to time, and some unanticipated world event may tr...
by munemaker
Wed Feb 01, 2017 1:15 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2017!
Replies: 48
Views: 5408

Re: Roll Call for the Retirement Class of 2017!

My last day of work is February 28, 2017. I graduated from college in 1975, and have been working continuously for almost 42 years. Reached critical mass a couple years ago, but just wasn't ready. Have a couple small pensions from old jobs, but mostly dependent on our retirement savings. Some said t...
by munemaker
Tue Jan 31, 2017 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: If you leave your job, can you use up your whole FSA?
Replies: 37
Views: 18391

Re: If you leave your job, can you use up your whole FSA?

Great information here. I was fired last week and now my employer is going to deduct the rest of my premiums for 2017 from my last paycheck. The form I signed when I signed up says they can, but is it legal? If this was permitted, I think all employers would do it. So...I am suspicious that it may ...
by munemaker
Tue Jan 31, 2017 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: If you leave your job, can you use up your whole FSA?
Replies: 37
Views: 18391

Re: If you leave your job, can you use up your whole FSA?

As the administrator of my former employer's FSA account. I always believed that you should be allowed to take out what you put in. If you turned in more expenses earlier in the year, then the company would have to advance the funds to cover this until your withholding caught up. If you had more ta...
by munemaker
Mon Jan 30, 2017 3:59 pm
Forum: Investing - Theory, News & General
Topic: Stock market optimism
Replies: 38
Views: 3944

Re: Stock market optimism

Stock markets go up, stock markets go down. don't try to time the market. Just keep investing and don't worry about the variations. It works out best that way. I am very optimistic about the economy. It seems shackles are being removed from businesses and industry to make us much more competitive in...
by munemaker
Sun Jan 29, 2017 9:20 pm
Forum: Personal Consumer Issues
Topic: Please tell me if I can afford this Porsche
Replies: 81
Views: 5195

Re: Please tell me if I can afford this Porsche

This question would best be addressed to Suze Orman, who is an expert at making decisions on such things.
by munemaker
Sun Jan 29, 2017 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Affordable Healthcare Policy Benefit Payback?
Replies: 4
Views: 462

Re: Affordable Healthcare Policy Benefit Payback?

Flobes is correct, but you really shouldn't need to go over the $23,000 income. Here's why: When December 2017 rolls around, look at where you are income wise. If you are $1,000 too high, put $1,000 in a traditional IRA which is deductible. You will even get some of that $1,000 back as a "Saver...
by munemaker
Sun Jan 29, 2017 9:31 am
Forum: Personal Consumer Issues
Topic: Fix a car or not?
Replies: 14
Views: 1162

Re: Fix a car or not?

Financially, it is usually beneficial to repair a car as opposed to buying a new one. The last car I replaced was a Chevrolet Tahoe. The frame had been welded once, and the floor was rusting out. The shop said it was uneconomical to repair, and I had to agree. When a shop doesn't want to take good m...
by munemaker
Fri Jan 27, 2017 3:58 pm
Forum: Personal Consumer Issues
Topic: 2004 Mercury Grand Marquis for $4950, 56k miles - Good deal? Good car?
Replies: 49
Views: 3216

Re: 2004 Mercury Grand Marquis for $4950, 56k miles - Good deal? Good car?

I'd say the asking price is too high by about $2,000. According to KBB, this would be true if I were buying from a private seller. But again, I am not certain how much variance there is across regions in car prices. Equivalent Camries and Accords with similar mileage and age are going for $5-6k pri...
by munemaker
Wed Jan 25, 2017 7:14 pm
Forum: Investing - Theory, News & General
Topic: Dow hits 20,000. What next? Share your strategy
Replies: 107
Views: 9053

Re: Dow hits 20,000. What next? Share your strategy

dacalo wrote:20,000 is just a number. It may be meaningful psychologically but it means nothing to me in the long-term. Staying the course. :beer


Means nothing. Nothing changes. Stay the course.
by munemaker
Tue Jan 24, 2017 12:01 pm
Forum: Personal Consumer Issues
Topic: What is a good laptop to buy?
Replies: 90
Views: 6799

Re: What is a good laptop to buy?

Hello everyone. Currently I have a Toshiba Satellite 17 inch laptop with windows 10. I love it. I have had it for years and it is falling apart. I am doing early research for a new laptop. I would love to have a 17 inch screen again. I only do basic things on the laptop, mostly browsing the interne...
by munemaker
Sun Jan 22, 2017 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for advice on getting credit cards for my kids
Replies: 22
Views: 1131

Re: Looking for advice on getting credit cards for my kids

I wonder if some of the posters talking about getting credit cards on their own as college students (or their kids doing so) are talking pre-2010. The law changed at that time, which made it much harder for someone under 21 to get his/her own credit card: http://money.cnn.com/2010/02/19/news/econom...
by munemaker
Sun Jan 22, 2017 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for advice on getting credit cards for my kids
Replies: 22
Views: 1131

Re: Looking for advice on getting credit cards for my kids

We added kids to one of our credit cards when they were in high school, and a couple years later (before college) encourage them to apply in their own names, which they did successfully. They used the cards through college with us paying the bills (nice parents that we are). A couple years after gra...
by munemaker
Sun Jan 22, 2017 9:03 pm
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 331
Views: 54725

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

Investing isn't about becoming rich for most people. As W. Bernstein states, it's about avoiding poverty in retirement and covering basic living expenses. A $2 million portfolio doesn't make you remotely rich unless you also have a public employee type pension, or you know you're going to die soon....
by munemaker
Sat Jan 21, 2017 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: Use $$$ toward mortgage or save for dip in market
Replies: 19
Views: 1657

Re: Use $$$ toward mortgage or save for dip in market

I have around $40k in cash beyond my emergency fund. I have been debating putting it toward my 3.375% mortgage (15 yr mortgage, 10 years left) or saving it to put into my portfolio on a dip. I guess a third option is to dollar cost average it into my portfolio or just put it in now. The $40k would ...
by munemaker
Wed Jan 18, 2017 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Does it sound like my employer trying to push me out?
Replies: 60
Views: 6120

Re: Does it sound like my employer trying to push me out?

Do employers value these certifications? Employers value certifications. They prove you know the subject matter. I know a 30 year old who has passed the five Amazon Cloud tests, as well as other certifications. She has this listed on linked in and receives employment inquiries about once a week.
by munemaker
Wed Jan 18, 2017 6:17 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard on finding a dead person's password
Replies: 86
Views: 7219

Re: Vanguard on finding a dead person's password

I also see no need for every beneficiary to contact them. The executor or trustee can do it. Imagine the mess one beneficiary can make if he calls and sends in the death certificate for assets subject to probate or meant to be used to pay off debts first. Is there some process by which the dead per...
by munemaker
Tue Jan 17, 2017 9:21 pm
Forum: Personal Consumer Issues
Topic: How High is Your TV?
Replies: 41
Views: 3552

Re: How High is Your TV?

adamthesmythe wrote:Center of the screen at eye level when watching is ideal.

(I can't understand the over-the-fireplace mounting for several reasons.)


That's what ours is (center of TV is at eye level)! Very satisfied. I agree...that is probably ideal.
by munemaker
Mon Jan 16, 2017 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: FAFSA for High Net Worth Parents?
Replies: 71
Views: 6476

Re: FAFSA for High Net Worth Parents?

Forbes article worth a read if you are paying the FASFA game.

http://www.forbes.com/sites/troyonink/2 ... f03c8a4ccb

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