Search found 152 matches

by schmitz
Sat Dec 03, 2016 1:53 am
Forum: Personal Consumer Issues
Topic: Gift To Self
Replies: 49
Views: 4096

Re: Gift To Self

Christmas is around the corner. Anyone purchasing a gift for themselves? I rarely buy things for myself, but I have to admit I love getting myself a little something at the end of the year. So, let's hear it. I'll start... - $500 contribution to taxable account (total stock - vtsax) - Garmin GPS wa...
by schmitz
Wed Sep 21, 2016 4:41 pm
Forum: Personal Consumer Issues
Topic: Should I lease a Tesla?
Replies: 148
Views: 11504

Re: Should I lease a Tesla?

That $600K is for the two of them, so just $300k per person... Doesn't change my statement. Not sure if you were being facetious or not. $300k income is not enough to make this a no-brainer; even $600k is not a slam dunk. After taxes and non-discretionary expenses, depending how the Tesla is config...
by schmitz
Sat Sep 17, 2016 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Do you really need 2.5 million to retire well?
Replies: 247
Views: 39828

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

My spending is at $2000 a month, and thats in Orange County, Calif. Yeah....most people don't need 2.5M, they only think they do :sharebeer I also live in Orange County. Would you mind sharing your monthly expenses? I know I can't get mine down to $2000 but maybe I could get close, which would be a...
by schmitz
Thu Sep 15, 2016 12:54 am
Forum: Investing - Help with Personal Investments
Topic: What is the SWR for shorter retirements?
Replies: 4
Views: 779

What is the SWR for shorter retirements?

It seems the typical SWR for a 30 year retirement is 4%.
But what is it for shorter time periods, like 15 or 20 years?
by schmitz
Tue Sep 06, 2016 8:04 pm
Forum: Personal Consumer Issues
Topic: How much is your cell phone bill?
Replies: 179
Views: 13488

Re: How much is your cell phone bill?

I guess my family is the only one who uses smart phone a lot

We have 3 iPhones on our plan. Two with unlimited data and one with 3GB per month. I think we pay about $200 per month.

I use my cell more than my laptop.
by schmitz
Thu Apr 07, 2016 2:55 am
Forum: Personal Finance (Not Investing)
Topic: question about forms 1095-B/1095-C
Replies: 6
Views: 576

Re: question about forms 1095-B/1095-C

If you and your wife (and any dependents) were covered all year, you don't need them to file the return. They come into play when you have a break in coverage and you need to calculate the shared responsibility payment. Your CPA likely wants them for his records because he probably checked the box ...
by schmitz
Tue Apr 05, 2016 11:47 am
Forum: Personal Finance (Not Investing)
Topic: question about forms 1095-B/1095-C
Replies: 6
Views: 576

question about forms 1095-B/1095-C

Basically I finished my taxes, handed everything over to my CPA, and then of course, receive these forms in the mail the same day. (note: I dont even know the difference between the two?) I send them to my CPA and he tells me he needs updated ones as these only have my wife's name on them (she gets ...
by schmitz
Mon Apr 04, 2016 7:18 pm
Forum: Personal Consumer Issues
Topic: best way to negotiate with cable company?
Replies: 38
Views: 4552

Re: best way to negotiate with cable company?

I did this with ATT a few weeks ago. I sent a Twitter direct message to @ATTCares politely asking if they could reduce my U-verse bill by $25/month to get it down under $200. They immediately replied and reduced it by $45/month for a year. Karl wow, this one really caught my eye. I dont have a twit...
by schmitz
Mon Apr 04, 2016 7:18 pm
Forum: Personal Consumer Issues
Topic: best way to negotiate with cable company?
Replies: 38
Views: 4552

Re: best way to negotiate with cable company?

thank you for all the help and suggestions.

after a few calls and some persistence, I was able to get a pretty good deal but for only 3 months. so I may have to do this all over again soon. :oops:
by schmitz
Tue Mar 29, 2016 11:55 am
Forum: Personal Consumer Issues
Topic: best way to negotiate with cable company?
Replies: 38
Views: 4552

Re: best way to negotiate with cable company?

DSInvestor wrote:I went through the same thing with my mom's U-Verse acct and retention didn't do much for her. Mom switched to Comcast.


how does she like it?

ive heard many horror stories about comcast
by schmitz
Tue Mar 29, 2016 11:45 am
Forum: Personal Consumer Issues
Topic: best way to negotiate with cable company?
Replies: 38
Views: 4552

best way to negotiate with cable company?

Ill try to keep this short and to the point: I have at&t u-verse and just like everyone else, they gradually jack up my bill. this time seemed more significant of a hike than in the past (they claim my promos expired), so I called back and tried to negotiate/threatened to cancel. they transferre...
by schmitz
Mon Mar 28, 2016 1:05 am
Forum: Investing - Help with Personal Investments
Topic: need some portfolio & mortgage advice
Replies: 23
Views: 1512

Re: need some portfolio & mortgage advice

thanks again for all the help! Hope I addressed everyone and answered all the questions. If not, please let me know.
by schmitz
Mon Mar 28, 2016 1:00 am
Forum: Investing - Help with Personal Investments
Topic: need some portfolio & mortgage advice
Replies: 23
Views: 1512

Re: need some portfolio & mortgage advice

Not bad just personal choice once you have maxed out your tax advantaged accounts. If you had a paid off house few people would suggest getting a mortgage just to invest the money. You have a good mortgage rate so what you might do is to save up a significant amount, like 20% of the loan and see if...
by schmitz
Mon Mar 28, 2016 12:51 am
Forum: Investing - Help with Personal Investments
Topic: need some portfolio & mortgage advice
Replies: 23
Views: 1512

Re: need some portfolio & mortgage advice

This is a question I've been thinking through as well and I think you need to approach it in a holistic way looking across your portfolio. Your mortgage operates as a negative bond in your portfolio. Since you are 70/30 with $815k in assets, you have $570.5 in equities and $244.5k in bonds. With th...
by schmitz
Mon Mar 28, 2016 12:46 am
Forum: Investing - Help with Personal Investments
Topic: need some portfolio & mortgage advice
Replies: 23
Views: 1512

Re: need some portfolio & mortgage advice

Similar financial situation and age. We went no mortgage. Don't regret it for a second. Of course the market is about flat from the time we did it and housing is up 10%.... But I only realized that this morning. From a life stress standpoint and a freedom to take risks with career standpoint, it ca...
by schmitz
Mon Mar 28, 2016 12:34 am
Forum: Investing - Help with Personal Investments
Topic: need some portfolio & mortgage advice
Replies: 23
Views: 1512

Re: need some portfolio & mortgage advice

Emergency funds: About a years worth Debt: 213k mortgage at 3.875% <-- What was original mortgage amount, years in, years to go based on current balance? original was around 320k, and its about 5 years in. about 25 years to go. I will state up front that I don't understand why some people like the ...
by schmitz
Mon Mar 28, 2016 12:20 am
Forum: Investing - Help with Personal Investments
Topic: need some portfolio & mortgage advice
Replies: 23
Views: 1512

Re: need some portfolio & mortgage advice

wow, thank you all so much for the replies and help! I am a bit overwhelmed by all the information but will do my best to address everything (I hope I dont miss anything) 1) How many more years do you have on this mortgage assuming you make no further prepayments? about 25 2) I reckon you save about...
by schmitz
Sun Mar 27, 2016 2:15 am
Forum: Investing - Help with Personal Investments
Topic: need some portfolio & mortgage advice
Replies: 23
Views: 1512

need some portfolio & mortgage advice

Hello bogleheads, Been reading this board (love it!) for awhile and have posted in the past. I'd like to get some advice on our updated situation. As you will see I have a lot to learn... Emergency funds: About a years worth Debt: 213k mortgage at 3.875% Tax Filing Status: Married Filing Jointly (we...
by schmitz
Fri Jan 15, 2016 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Does a BH play the lottery?
Replies: 78
Views: 4875

Re: Does a BH play the lottery?

letsgobobby wrote:I did.

OK, I didn't win. I only pick numbers above 31, which means I didn't match anything this time around.

I can afford the $2.


Why do you only pick numbers above 31?
by schmitz
Wed Jan 06, 2016 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Incorporating your home into networth calculation
Replies: 100
Views: 5695

Re: Incorporating your home into networth calculation

My question is do people incorporate their home into their net worth in anyway?....and if so how? The only reason for keeping track of your net worth in my opinion is to boost your ego or get in a 'who's richer' pissing match with someone. Just two weeks ago I applied for term life insurance and on...
by schmitz
Wed Sep 09, 2015 1:17 am
Forum: Investing - Help with Personal Investments
Topic: Have I messed up our portfolio?
Replies: 14
Views: 1873

Re: Have I messed up our portfolio?

Bonds are less tax efficient than stocks, but the notion that somehow holding bonds in a taxable account will wind up significantly hurting you is hocus pocus. My father, who is better trained than 95% of the top 5% of individuals on this forum, has held several taxable bond funds for decades. In t...
by schmitz
Wed Sep 09, 2015 1:16 am
Forum: Investing - Help with Personal Investments
Topic: Have I messed up our portfolio?
Replies: 14
Views: 1873

Re: Have I messed up our portfolio?

If you want to continue to use target funds in all the tax-advantaged accounts, I suggest you find target funds that are near 70/30 for each account except taxable. Check every few years to see if the fund is still near the stock to bond ratio you want. If not, exchange into the next younger or old...
by schmitz
Wed Sep 09, 2015 1:15 am
Forum: Investing - Help with Personal Investments
Topic: Have I messed up our portfolio?
Replies: 14
Views: 1873

Re: Have I messed up our portfolio?

we are in a higher bracket (33%), so how bad is it going to get? If we dont change much and just keep investing regularly will we still end up ok (just not as great as it could be) or will it be a disaster, in say 20 years, when we try to retire? how big of a difference could changes make? how can ...
by schmitz
Sat Sep 05, 2015 11:56 am
Forum: Investing - Help with Personal Investments
Topic: Have I messed up our portfolio?
Replies: 14
Views: 1873

Re: Have I messed up our portfolio?

Generally it complicates things when you hold two different target date funds because their asset allocations are different. It is possible to calculate your overall AA from time to time and rebalance, but it's a more of work. If your goal is hands-off management with 70% stocks, 30% bonds, just pi...
by schmitz
Sat Sep 05, 2015 11:55 am
Forum: Investing - Help with Personal Investments
Topic: Have I messed up our portfolio?
Replies: 14
Views: 1873

Re: Have I messed up our portfolio?

I think it all depends on your marginal income tax bracket. If you are 25% and below, then the problem exists, but it is still a minimal problem. If you are in the 28% and higher, then I think the problem is no longer minimal, but not at the stage of "messed up". Your TSP has this wonderf...
by schmitz
Fri Sep 04, 2015 1:43 pm
Forum: Investing - Help with Personal Investments
Topic: Have I messed up our portfolio?
Replies: 14
Views: 1873

Have I messed up our portfolio?

I am a very passive, hand-off investor. I like the idea of throwing money into my investment accounts and forgetting them for awhile. Brief overview of our accounts: My wife: TSP (life cycle 2040) and a ROTH (targetfund 2040) Me: ROTH and SEP (both targetfund 2040) We also have a taxable account for...
by schmitz
Sun Aug 30, 2015 6:55 pm
Forum: Personal Consumer Issues
Topic: wells fargo access has been suspended
Replies: 6
Views: 3371

Re: wells fargo access has been suspended

ok thanks for all the help and suggestions. I did call them up and it was not a scam. someone apparently tried to log into my account. whether it was accidental (similar usernames) or serious, im not sure. I did change my password, everything looks pretty back to normal and fortunately my credit is ...
by schmitz
Sun Aug 30, 2015 5:38 pm
Forum: Personal Consumer Issues
Topic: wells fargo access has been suspended
Replies: 6
Views: 3371

wells fargo access has been suspended

I have wells fargo for our mortgage and just got an email that states: What is happening Account security is a top priority for Wells Fargo. As a safety measure, we have suspended your access to Wells Fargo OnlineĀ® because we detected a possible unauthorized attempt to sign on to your account. doing...
by schmitz
Thu Aug 27, 2015 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: Term Insurance
Replies: 13
Views: 1539

Re: Term Insurance

If someone forgets to make one payment or is a couple days late, can that cancel the entire policy? Even if that person paid on time for 10-15 years?
by schmitz
Tue Aug 25, 2015 5:06 pm
Forum: Investing - Theory, News & General
Topic: Is tax loss harvesting always worth all the fuss?
Replies: 68
Views: 9705

Re: Is tax loss harvesting always worth all the fuss?

How does someone who has never TLH and really doesnt know how (or tax implications) figure out (a) if it's worth it and (b) how much to sell?
by schmitz
Tue Aug 25, 2015 2:50 am
Forum: Investing - Help with Personal Investments
Topic: help me understand how this "correction" helps me in the long run
Replies: 3
Views: 659

help me understand how this "correction" helps me in the long run

I am a very basic investor - just dump my money each month into a target fund and forget it. And the recent losses in the market haven't really bothered me (at least not yet), however the math isnt making sense to me. I was fortunate to miss out on the "crash" in 2008. All my money was in ...
by schmitz
Mon Aug 10, 2015 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Term Life- How Much To Get and For How Many Years?
Replies: 29
Views: 3351

Re: Term Life- How Much To Get and For How Many Years?

Didn't want to start a new thread so I hope op is ok with me asking but which companies/websites are legit when it comes to getting life insurance?

Is there a nice website that reviews them or are they all basically the same? The only one I've really heard of is xander (from dave Ramsey's show)
by schmitz
Wed Jul 08, 2015 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: How nuch concern is it to you when stocks
Replies: 50
Views: 4592

Re: How nuch concern is it to you when stocks

When reading the OP, all I can think of is i wish I was down $30,000 the last month

No scratch that, I wish I was down$100,000 the last month.
by schmitz
Sun Jun 21, 2015 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: wife's personal info may have been hacked - should we freeze our credit?
Replies: 24
Views: 3493

Re: wife's personal info may have been hacked - should we freeze our credit?

thanks to everyone for all the help!

should we also freeze our sons credit (hes 10 months old)? he has a SSN and I dont want some scam artist to get a hold of it and open credit cards with it.
by schmitz
Fri Jun 19, 2015 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: wife's personal info may have been hacked - should we freeze our credit?
Replies: 24
Views: 3493

Re: wife's personal info may have been hacked - should we freeze our credit?

My personal info got hacked a month back, so I was told by Capital One. They told me to call Equifax and put and "alert" on my credit for the next 90 days. This is a free service, and Equifax automatically gets the the other 2 agencies to put the alert as well. You can have the alert for ...
by schmitz
Fri Jun 19, 2015 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: wife's personal info may have been hacked - should we freeze our credit?
Replies: 24
Views: 3493

Re: wife's personal info may have been hacked - should we freeze our credit?

thank you. is there any downside to freezing credit (besides paying a fee?)

and do I need to contact all 3 bureuas separately or is there a place that can do them all at once?
by schmitz
Fri Jun 19, 2015 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: wife's personal info may have been hacked - should we freeze our credit?
Replies: 24
Views: 3493

wife's personal info may have been hacked - should we freeze our credit?

She recently got a message from US office of personal management (she works for the government in case anyone else got this message) that says: You are receiving this notification because we have determined that the data compromised in this incident may have included your personal information, such ...
by schmitz
Thu Apr 23, 2015 1:04 am
Forum: Personal Finance (Not Investing)
Topic: How much do you pay in Property Taxes?
Replies: 188
Views: 15719

Re: How much do you pay in Property Taxes?

We have a nice home, but it's not a mansion. We pay $38k/year in northern NJ , on a private road so the neighbors have to chip in for paving, sewer is additional. I wish that i could "put" the house to the town at 90% of appraised value when we decide to leave; there oughta be a law. Btw,...
by schmitz
Sun Apr 05, 2015 9:43 pm
Forum: Personal Consumer Issues
Topic: anyone have experience with water softeners?
Replies: 41
Views: 3293

anyone have experience with water softeners?

Had our annual water heater checkup and, as I expected, the guy gave me a sales pitch for a water softener. Now, to his defense, our location (south orange county, California) has notoriously hard water and yes we can see mineral deposits on our faucets so I know its there. But I'm always weary of s...
by schmitz
Fri Apr 03, 2015 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Earthquake coverage in CA
Replies: 20
Views: 1589

Re: Earthquake coverage in CA

For those who do have it, did you get coverage through your current insurance company, or cea (Californiarocks.com), or another company?
by schmitz
Wed Mar 25, 2015 2:48 am
Forum: Personal Consumer Issues
Topic: Restaurant tipping
Replies: 200
Views: 19775

Re: Restaurant tipping

I figure this thread is a good place for my tipping question (rather than start a new one): My wife and I go out to eat often and we tip (what I think is) well...minimum of 20%. Sometimes 25% or 30%. My question is since we do this, is morally ok to drop our tipping rate in the future when we are r...
by schmitz
Tue Mar 24, 2015 3:59 pm
Forum: Personal Consumer Issues
Topic: Restaurant tipping
Replies: 200
Views: 19775

Re: Restaurant tipping

I figure this thread is a good place for my tipping question (rather than start a new one): My wife and I go out to eat often and we tip (what I think is) well...minimum of 20%. Sometimes 25% or 30%. My question is since we do this, is morally ok to drop our tipping rate in the future when we are r...
by schmitz
Mon Mar 23, 2015 12:54 pm
Forum: Personal Consumer Issues
Topic: Restaurant tipping
Replies: 200
Views: 19775

Re: Restaurant tipping

I figure this thread is a good place for my tipping question (rather than start a new one): My wife and I go out to eat often and we tip (what I think is) well...minimum of 20%. Sometimes 25% or 30%. My question is since we do this, is morally ok to drop our tipping rate in the future when we are re...
by schmitz
Fri Mar 06, 2015 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: question about pensions for people with TSP
Replies: 11
Views: 1520

Re: question about pensions for people with TSP

yolli71 wrote:
schmitz wrote:Thank you for all the help.

One follow up question : does she need to "sign up" or "activate" a pension or is it given to all employees automatically when they retire (if they qualify for it)?


It's automatic. How long has she been working for the fed govt.?


About 10 years.
by schmitz
Fri Mar 06, 2015 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: question about pensions for people with TSP
Replies: 11
Views: 1520

Re: question about pensions for people with TSP

Thank you for all the help.

One follow up question : does she need to "sign up" or "activate" a pension or is it given to all employees automatically when they retire (if they qualify for it)?
by schmitz
Fri Mar 06, 2015 10:52 am
Forum: Personal Consumer Issues
Topic: Who's going to Disney this summer?
Replies: 84
Views: 7412

Re: Who's going to Disney this summer?

555 wrote:Our WDW trips cost about $40 per person per day, including park tickets, accommodation, transport and food.


Could you explain how you were able to do this?
by schmitz
Thu Mar 05, 2015 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: question about pensions for people with TSP
Replies: 11
Views: 1520

question about pensions for people with TSP

my wife works for the government and therefore has a TSP for retirement. she contributes 17500 per year (plus they match some). my question is, when she retires, does she get her TSP plus a pension (or are they basically one in the same)? are all TSP employees pension-eligible or just those in certa...
by schmitz
Thu Feb 12, 2015 1:54 am
Forum: Investing - Theory, News & General
Topic: How are mutual funds taxed?
Replies: 6
Views: 666

How are mutual funds taxed?

This is probably an over simplified question to a much more complicated topic but I thought id ask anyways and try to gain some information. Suppose you have 500k in your taxable account. 300k was contribution and 200k were gains over say 10 years. If you withdraw 25k, do they assume 15k was from co...
by schmitz
Wed Feb 04, 2015 11:47 am
Forum: Investing - Theory, News & General
Topic: Why no talk about investing in Timber?
Replies: 14
Views: 1765

Re: Why no talk about investing in Timber?

Haha oops. I misread the title as tinder and thought "hmmm that's not very bogle-like...to invest in a dating app!"

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