Search found 1811 matches

by prudent
Fri Feb 05, 2016 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: Flagship Investor with 700 credit score ?
Replies: 31
Views: 3734

Re: Flagship Investor with 700 credit score ?

If you have a long credit history with no derogatory information, I would expect your score to be higher than 700.

First question is where did you get your score?
Next - have you gotten your free credit reports from annualcreditreport.com to make sure there is nothing negative on them?
by prudent
Fri Feb 05, 2016 2:07 pm
Forum: Investing - Theory, News & General
Topic: Today's dumbest investment advice
Replies: 32
Views: 3711

Re: Today's dumbest investment advice

If the selling price is exactly the same as the buying price minus the dividend, what is the tax impact? You have a taxable dividend plus a capital loss...

Does that make it worse than just the commissions?
by prudent
Thu Feb 04, 2016 7:26 pm
Forum: Investing - Help with Personal Investments
Topic: Web sites to calculate personal investing returns
Replies: 4
Views: 289

Re: Web sites to calculate personal investing returns

Even though I have years of data in Quicken, I rarely look at my past returns. Good or bad, there's nothing I can do about what has already happened.
by prudent
Thu Feb 04, 2016 5:23 pm
Forum: Personal Consumer Issues
Topic: Charities for Bogleheads?
Replies: 23
Views: 1133

Re: Charities for Bogleheads?

The more local the organization, the easier it is for me to evaluate how they work. But for larger organizations, I review their Form 990 (tax return) online. It lists all their income, how much spent in different areas, and salaries. For example, one nearby organization we support spends a non-whop...
by prudent
Thu Feb 04, 2016 1:29 pm
Forum: Personal Consumer Issues
Topic: Sibling's destination wedding?
Replies: 109
Views: 5673

Re: Sibling's destination wedding?

No-win situation. If you go to please everyone else, you'll be miserable about the cost, forfeited vacation opportunities, etc. If you don't go, and other family members do, then you're the cheap-a** who wouldn't break open the wallet for your own sibling's wedding. I wouldn't go but not cite cost a...
by prudent
Wed Feb 03, 2016 1:11 pm
Forum: Investing - Theory, News & General
Topic: Make your retirement money last
Replies: 36
Views: 7492

Re: Make your retirement money last

Larry -- Thank you so much for your kind, and thorough, review of my new book. I have always been grateful for your wise opinions. And thank you, everyone, who made such lovely comments on this book and my previous ones. The Bogleheads and I have always been on the same page. Jane Welcome to Bogleh...
by prudent
Wed Feb 03, 2016 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Trustee Question
Replies: 15
Views: 918

Re: Trustee Question

So, things are well covered in that regard. The 5% per year schedule until the kids reach age 62, helps assure the kids use it to augment their income in their careers, not replace it. And also helps add to their nest egg at age 62. I ran some numbers on how the distributions would look in this sce...
by prudent
Tue Feb 02, 2016 9:25 pm
Forum: Personal Consumer Issues
Topic: Unwinding day old terrible car deal for mother-in-law
Replies: 186
Views: 15701

Re: Unwinding day old terrible car deal for mother-in-law

OP, I think you did a heck of a job under the circumstances.
by prudent
Tue Feb 02, 2016 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Charitable donations as a percentage of AGI?
Replies: 12
Views: 573

Re: Charitable donations as a percentage of AGI?

Our method is probably too random for the typical Boglehead. We set aside what is needed for all budgeted spending including retirement savings and certain charitable donations of fixed amounts per month. Then there is some amount left over - unallocated to anything else. If we see a specific need i...
by prudent
Tue Feb 02, 2016 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Friend is an Edward Jones financial advisor -- should I drop him?
Replies: 51
Views: 5195

Re: Friend is an Edward Jones financial advisor -- should I drop him?

I would ask myself what makes this person so wise about finance when up until just recently his career was in a totally different field. Whatever he has learned in this short time does not involve any secret sauce. You can do it yourself. Don't try to keep him as a mentor for these reasons: 1. He's ...
by prudent
Mon Feb 01, 2016 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: 401k - Highly Compensated Employee?
Replies: 27
Views: 2209

Re: 401k - Highly Compensated Employee?

At my company, HCEs cannot contribute the max but they can contribute more than 10% pretax that the OP is limited to. The cutoff is determined by a comparison of HCE contributions and non-HCE contributions - if non-HCEs contribute more %, then HCEs will be able to as well. It's an IRS rule for non-d...
by prudent
Mon Feb 01, 2016 2:42 pm
Forum: Personal Consumer Issues
Topic: Foreign language study: languages-direct.com / Tutto Italiano
Replies: 1
Views: 188

Re: Foreign language study: languages-direct.com / Tutto Italiano

Even though your local library didn't appear to have them available, you should ask a librarian anyway. They may be able to borrow them from another library.
by prudent
Mon Feb 01, 2016 8:02 am
Forum: Investing - Help with Personal Investments
Topic: Need Help Cleaning up our Edward Jones Mess
Replies: 23
Views: 3697

Re: Need Help Cleaning up our Edward Jones Mess

I just wanted to make an observation. There is a specific line on the EJ monthly statement for "Fees and Charges." My statement shows that there were $0 fees and/or charges. When I look at the itemized transactions, I see "Charges" of 2.49 - 5.75% for the purchase of securities ...
by prudent
Fri Jan 29, 2016 9:49 am
Forum: Investing - Help with Personal Investments
Topic: 44 Y/O - new Boglehead - Plan Check
Replies: 10
Views: 1399

Re: 44 Y/O - new Boglehead - Plan Check

My goodness, I need to get away from work.

I saw the thread title and immediately thought, "Why is he leaving out two steps? It's Plan-DO-Check-ACT."

I know many of you won't relate to this comment. :) No thread hijack intended.
by prudent
Thu Jan 28, 2016 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: Does anyone have experience with Principal's 401k plan?
Replies: 2
Views: 223

Re: Does anyone have experience with Principal's 401k plan?

I looked at your earlier post. If I understood correctly, the plan you are referring to is through your husband's employer. Whatever fees are charged will depend on that employer's contract with Principal. For example, my company's 401k has no recordkeeping or annual fees and no wrap fee charged to ...
by prudent
Thu Jan 28, 2016 11:00 am
Forum: Personal Consumer Issues
Topic: Most efficient way to improve my writing ability?
Replies: 56
Views: 2579

Re: Most efficient way to improve my writing ability?

In addition to rupert's book suggestions, I will add "The sense of structure: writing from the reader's perspective" by George Gopen. I highly recommend this book; the tips on effective construction of sentences and paragraphs are golden. While not cheap, I found it to be well worth the i...
by prudent
Wed Jan 27, 2016 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: succession investment management
Replies: 8
Views: 512

Re: succession investment management

My plan is this: she is to turn everything over to an advisor we have already met with, and have him arrange for monthly deposits into her bank account. Yes, it's going to cost 0.8% AUM. But she does not want to manage investments and it would be a burden for her to deal with it herself. The cost is...
by prudent
Wed Jan 27, 2016 1:47 pm
Forum: Personal Consumer Issues
Topic: Gmail Spam Explosion
Replies: 22
Views: 2115

Re: Gmail Spam Explosion

I have a gmail account that has never ever been used, and it gets a lot of spam. I think spam generators just use programs to generate random strings of characters that are good candidates for gmail addresses. Any 6 characters followed by two numbers, for example. The one I have never used has two c...
by prudent
Tue Jan 26, 2016 8:27 am
Forum: Personal Consumer Issues
Topic: Anyone use skiplagged.com?
Replies: 7
Views: 1023

Re: Anyone use skiplagged.com?

There certainly are risks invoved with this tactic. You could have your carry-on taken away as you board if there is no more overhead space, and it will be gate-checked to your "final" destination - even though that's not where you're really going. And if your plane gets re-routed for some...
by prudent
Mon Jan 25, 2016 8:04 pm
Forum: Local Chapters and Bogleheads Community
Topic: Happy Birthday Taylor!
Replies: 87
Views: 3686

Re: Happy Birthday Taylor!

Wishing you a very happy birthday, Mr. L. :)
by prudent
Sun Jan 24, 2016 8:37 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?

I work part-time with a coin dealer so I know quite a few.
by prudent
Sat Jan 23, 2016 3:23 pm
Forum: Investing - Help with Personal Investments
Topic: How bad off are we?
Replies: 24
Views: 3746

Re: How bad off are we?

scoped00 wrote:I feel like we are behind the 8 ball compared to most people.

That's not worth worrying about.

I know we are behind based on what we want our retirement income to be.

That's where to focus. What do you expect your annual spending in retirement to be?
by prudent
Sat Jan 23, 2016 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: What was your % pay raise?
Replies: 100
Views: 6939

Re: What was your % pay raise?

I'm above the top of the pay scale for my grade, so there will be zero increase to my salary. Might get a 1% bonus in lieu of a raise (maybe) and very likely an incentive plan bonus of between 2%-5%. I don't have this issue but does the pay scale range increase annually with cola, etc.? It does inc...
by prudent
Fri Jan 22, 2016 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: What was your % pay raise?
Replies: 100
Views: 6939

Re: What was your % pay raise?

I'm above the top of the pay scale for my grade, so there will be zero increase to my salary. Might get a 1% bonus in lieu of a raise (maybe) and very likely an incentive plan bonus of between 2%-5%.
by prudent
Fri Jan 22, 2016 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Question for Bogleheads Real Estate Agents
Replies: 32
Views: 2858

Re: Question for Bogleheads Real Estate Agents

corysold wrote:I worked in real estate for about 7 years right out of college. Most of this I learned the hard way. I eventually got out when I got married and started a family and doing some of this from day 1 might have helped.
[snip]


Quality post right there. :thumbsup
by prudent
Fri Jan 22, 2016 7:12 am
Forum: Investing - Help with Personal Investments
Topic: I have no more money to invest
Replies: 76
Views: 6290

Re: I have no more money to invest

... From another post :- ... Would it be possible for you to provide us with a link to the post you've quoted, so we can read it in its entirety, along with any other related posts its author may have written? Thanks in advance. PJW In case he missed seeing your request, it was from one of magneto'...
by prudent
Thu Jan 21, 2016 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: Brick and Mortar Bank in Massachusetts?
Replies: 31
Views: 1380

Re: Brick and Mortar Bank in Massachusetts?

As an aside to the notary thing, some libraries offer notary service at no charge.
by prudent
Thu Jan 21, 2016 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Trust Services Questions
Replies: 8
Views: 706

Re: Vanguard Trust Services Questions

I don't know how much 3% a year comes to divided among all the eligible beneficiaries, but if it's not enough to make a real difference in someone's life, might I suggest allowing for more liberal distributions. Someone may have a serious medical condition, job loss, want to start a business or buy ...
by prudent
Wed Jan 20, 2016 8:31 pm
Forum: Investing - Help with Personal Investments
Topic: Market down - lost alot of $ - nervous..
Replies: 60
Views: 6841

Re: Market down - lost alot of $ - nervous..

mj11711 wrote:Do you all think it will keep going down for some time?

Some think it will, some think it won't, but the fact is nobody knows nothin'.
by prudent
Wed Jan 20, 2016 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Form 1040 - occupation?
Replies: 18
Views: 1329

Re: Form 1040 - occupation?

If I was retired when completing the form, I would put "retired".
by prudent
Wed Jan 20, 2016 7:49 am
Forum: Personal Finance (Not Investing)
Topic: Insane Notice / Counter Offer Situation
Replies: 61
Views: 5094

Re: Insane Notice / Counter Offer Situation

This would be my suggestion: A. Sit through the counter-offer meeting, nod and smile, repeat "Thanks, but I have made my decision." Don't try to justify your reasons, it only prolongs the discussion uselessly. B. Work through notice. C. Be glad you have a hilarious work anecdote for future...
by prudent
Tue Jan 19, 2016 6:32 am
Forum: Personal Finance (Not Investing)
Topic: Tax Savings By Hiring Wife Solo 401k
Replies: 16
Views: 1216

Re: Tax Savings By Hiring Wife Solo 401k

If you hire your wife, and your company chooses to offer family medical insurance to employees, she can cover you under her family plan and all of her medical insurance premiums would be deductible as business expenses - and that would include the cost to cover you.
by prudent
Mon Jan 18, 2016 7:10 am
Forum: Investing - Theory, News & General
Topic: [Investing] Things that would/will never happen in your lifetime
Replies: 43
Views: 5156

Re: Things that would/will never happen in your lifetime

Age - a few years until retirement. I doubt we'll ever again see banks make lending decisions based solely on the bank's track record with the borrower... meaning no credit check, no Patriot Act stuff. Just based on the bank's personal experience with and knowledge of the borrower. I doubt we'll eve...
by prudent
Sun Jan 17, 2016 3:39 pm
Forum: Investing - Theory, News & General
Topic: 401k replacing a fund with a similar non-registered fund?
Replies: 6
Views: 384

Re: 401k replacing a fund with a similar non-registered fund?

Thanks, everyone, for the responses. Appreciate it!
by prudent
Sat Jan 16, 2016 5:30 pm
Forum: Investing - Theory, News & General
Topic: 401k replacing a fund with a similar non-registered fund?
Replies: 6
Views: 384

401k replacing a fund with a similar non-registered fund?

A friend showed me a notice he received saying his 401k was replacing one of their currently offered funds with a basically identical fund but without a ticker symbol (i.e. non-registered). The old fund is T Rowe Price Blue Chip Growth Advisor class (PABGX), the new one is "Large Cap Growth I F...
by prudent
Sat Jan 16, 2016 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Disability insurance: higher limit with different insurance agent?
Replies: 2
Views: 132

Re: Disability insurance: higher limit with different insurance agent?

I thought the coverage limit was related to income (in other words, an insurer won't offer $10K/month coverage at any price if the policyholder's income is $5K/month). Could that be a factor?
by prudent
Fri Jan 15, 2016 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for obtaining first credit card and good credit as fast as possible?
Replies: 14
Views: 448

Re: Advice for obtaining first credit card and good credit as fast as possible?

I would start by getting your free copies of all three credit reports at annualcreditreport.com and check for any inaccurate information. You mention it was years ago since you last applied for credit - you want to figure out why you got denied. Lack of credit history is a lot different from having ...
by prudent
Thu Jan 14, 2016 4:51 pm
Forum: Personal Consumer Issues
Topic: Inherited a lot of coins/stamps - what to do with them?
Replies: 27
Views: 3499

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

However, I did have a friend who claimed that all he had was a "few stupid old coins." Yes, they were old. And gold. And represented a sample of most of the gold coins produced at the Carson City mint in the late 1800s. That's a dream come true! Reminded me of the time I was working at a ...
by prudent
Thu Jan 14, 2016 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Help - want to pay "cash" for a car
Replies: 68
Views: 3595

Re: Help - want to pay "cash" for a car

A few years ago I spotted a car on a dealer's website and called for info because it was an hour away. Dealer brought the car about 3/4 of the way to me and we met at a restaurant for a test drive. Couple days later we decided to buy it, dealer brought it to the same place to sign papers. Paid with ...
by prudent
Wed Jan 13, 2016 10:07 am
Forum: Investing - Help with Personal Investments
Topic: Convincing Dad to Fire the Firm
Replies: 31
Views: 2614

Re: Convincing Dad to Fire the Firm

There's a point at which you have done all that should be done, and I think you're there. Time to let it go. On a side note, I have to admire the Hefren-Tillotson ads that tout their "Master Plan" process like it's some kind of secret sauce. It's based on establishing goals and risk tolera...
by prudent
Wed Jan 13, 2016 9:53 am
Forum: Investing - Theory, News & General
Topic: Is H&R Block any good? Who do you use?
Replies: 17
Views: 940

Re: Is H&R Block any good? Who do you use?

I do my own as well using tax software, but my situation is pretty simple. If I felt I needed outside help, I would not use a H&R Block office (or one of their competitors like Jackson Hewett). I'd want to work with a CPA who is there for me all year, with a permanent location, who could help me...
by prudent
Tue Jan 12, 2016 11:50 am
Forum: Investing - Help with Personal Investments
Topic: Investment help from Vanguard advisor
Replies: 4
Views: 622

Re: Investment help from Vanguard advisor

I think it's important to define what you want the advisor to do for you. Is it simply to manage your established asset allocation? Or do you want more?
by prudent
Mon Jan 11, 2016 6:43 pm
Forum: Investing - Help with Personal Investments
Topic: How come todays DOW (1-11-16) was up 52.12 ,that i lost5 money
Replies: 14
Views: 1701

Re: How come todays DOW (1-11-16) was up 52.12 ,that i lost5 money

One likely explanation is that the Dow (which is only 30 US stocks) did not perform exactly like your portfolio of total stock.
by prudent
Sat Jan 09, 2016 5:04 pm
Forum: Investing - Help with Personal Investments
Topic: I just lost $200,000 last week. Please help me.
Replies: 82
Views: 13858

Re: I just lost $200,000 last week. Please help me.

May I ask your age and whether you are retired?
by prudent
Sat Jan 09, 2016 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Bad health news, rethinking everything
Replies: 40
Views: 7133

Re: Bad health news, rethinking everything

Sending best wishes for your mom's recovery. Regarding your specific questions. 1. One way you might be able to work together is in the personal injury legal field. That said, I don't know if it's a good idea to work with your spouse. I suspect that's something that is better in theory than in pract...
by prudent
Fri Jan 08, 2016 9:00 pm
Forum: Investing - Help with Personal Investments
Topic: Should I stop contributing to 401k
Replies: 16
Views: 1915

Re: Should I stop contributing to 401k

You can't automatically assume that you don't want to itemize for 2015 - you should calculate your itemized deductions and see if they exceed the standard deduction. Main itemized deductions for most people are mortgage interest, charitable contributions, state and local income tax, and property tax.
by prudent
Fri Jan 08, 2016 10:20 am
Forum: Investing - Help with Personal Investments
Topic: Should I stop contributing to 401k
Replies: 16
Views: 1915

Re: Should I stop contributing to 401k

Based on your situation I assume recasting isn't an option because you don't have the $20K. I think it's critical to continue your retirement savings, even though like you I do not like paying interest. Have you investigated refinancing to a 30-year loan and how that might affect your payment? Look ...
by prudent
Thu Jan 07, 2016 7:36 am
Forum: Personal Finance (Not Investing)
Topic: [Fidelity drops AmEx, Bank of America credit cards]
Replies: 116
Views: 10594

Re: [Fidelity drops AmEx, Bank of America credit cards]

Hmmmm...irritating to have changes. I have a lot of autopay stuff on that card. I would rather have Visa than AMEX, but only if it remains at 2% AND does the autodeposit into my Fidelity account. I just started paying my taxes with this card because it only cost 1.87% to pay them, and I got 2% back...
by prudent
Wed Jan 06, 2016 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity 2% Amex: Security Annoyances
Replies: 92
Views: 8269

Re: Fidelity 2% Amex: Security Annoyances

Recently had to travel out of state for a family emergency. In the frenzy I did not think to notify them. Used the card extensively for 10 days while out of state - restaurants, drugstores, grocery stores, motels, gas. Only towards the end of the trip did it occur to me I never alerted them to my tr...
by prudent
Wed Jan 06, 2016 7:38 pm
Forum: Personal Consumer Issues
Topic: Sales reward - not sure what to pick
Replies: 42
Views: 2456

Re: Sales reward - not sure what to pick

surfstar wrote:Is a physical gift / vacation package not taxed the same?

I would take the cash, then use it for whatever I wanted. Save, spend, etc.

Money is fungible, right?

OP said cash is not an option.

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