Search found 2600 matches

by simplesimon
Sun Jul 24, 2016 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Allstate Umbrella Insurance
Replies: 32
Views: 1985

Re: Allstate Umbrella Insurance

I currently have 3 policies with Allstate. Auto, home and flood. Ive been a customer for about a year have made all my payments on time and have never had any issues and on top of it my credit score is over 900. So I ask for a 1 million dollar Umbrella policy quote and they quote me $832 for the ye...
by simplesimon
Sat Jul 23, 2016 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Roth vs. Traditional when income varies
Replies: 18
Views: 514

Re: Roth vs. Traditional when income varies

Does your spouse have a 401k plan at work? This may affect how much you can deduct by contributing to a traditional IRA.
by simplesimon
Sat Jul 23, 2016 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Getting Disability Insurance without financial planning services
Replies: 13
Views: 1051

Re: Getting Disability Insurance without financial planning services

I know this has been covered before, but for others searching this thread, is there a better way to find a Guardian DI person than just using the Guardian website "Find a Representative" feature? I didn't end up getting a Guardian policy, but the agent I worked with would have sold me one...
by simplesimon
Sat Jul 23, 2016 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Term life insurance - "overinsured" definition
Replies: 13
Views: 1017

Re: Term life insurance - "overinsured" definition

Did you know that you can reduce the face amount (and the premium) whenever you want on the single big policy? Given that, there is really no need to do the laddering for such a tiny difference in cost (which is partly because there is a (generally fixed) "policy fee" for each policy, so ...
by simplesimon
Sat Jul 23, 2016 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Term life insurance - "overinsured" definition
Replies: 13
Views: 1017

Re: Term life insurance - "overinsured" definition

Thanks for the replies. Assume someone of average health wants to cover $50k of inflation adjusted income (3%) and expects to stop working in 30 years. I calculated what the income level would be at years 0, 10, and 20, and assumed the benefit could be invested to match inflation. 30 year term $900k...
by simplesimon
Fri Jul 22, 2016 3:38 pm
Forum: Investing - Help with Personal Investments
Topic: USA vs. International Stock Index PERFORMANCE. Please reassure Me!
Replies: 25
Views: 1963

Re: USA vs. International Stock Index PERFORMANCE. Please reassure Me!

International doesn't look good if you look at the last 15 years either. Performance this century certainly doesn't suggest that buying the ex-US index makes sense. It has been a bad investment. It may or may not be good over the next 15 years, but I haven't seen any reason to believe that the pict...
by simplesimon
Fri Jul 22, 2016 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: USA vs. International Stock Index PERFORMANCE. Please reassure Me!
Replies: 25
Views: 1963

Re: USA vs. International Stock Index PERFORMANCE. Please reassure Me!

Again, it's all about the time period. Would you have said the same thing about the two asset classes in 2007?
by simplesimon
Fri Jul 22, 2016 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Term life insurance - "overinsured" definition
Replies: 13
Views: 1017

Re: Term life insurance - "overinsured" definition

I realize now that in my original calculation wages did not keep up with inflation or that a lump sum portfolio would grow 3% more than inflation.

It does seem like a laddered life insurance policy may ensure that an individual isn't overinsured towards the end of the term.
by simplesimon
Fri Jul 22, 2016 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Term life insurance - "overinsured" definition
Replies: 13
Views: 1017

Term life insurance - "overinsured" definition

Most of the advice I was able to find to determine term life insurance amount was either A) buying enough to cover current liabilities (mortgage, student loans) and future liabilities (children's college tuition, vacation home), or B) a multiple of income (10x income). Isn't overinsuring defined by ...
by simplesimon
Thu Jul 21, 2016 7:57 am
Forum: Investing - Theory, News & General
Topic: Why does a massive company like Coca Cola or Johnson Johnson need money from investors?
Replies: 25
Views: 2528

Re: Why does a massive company like Coca Cola or Johnson Johnson need money from investors?

Why then do companies seem to care about the price of their stock? When the price of a stock falls dramatically, it is generally reported as bad news for the company. I understand that there may be a fundamental reason for the price to drop, but does the company really care about the price of its s...
by simplesimon
Wed Jul 20, 2016 1:28 pm
Forum: Investing - Theory, News & General
Topic: Why does a massive company like Coca Cola or Johnson Johnson need money from investors?
Replies: 25
Views: 2528

Re: Why does a massive company like Coca Cola or Johnson Johnson need money from investors?

It's probably too obvious of a question. But I was wondering, these mega-corps make a ton of income. Why do they need extra capital from investors? And I'm assuming they are getting loans from banks/investors as well (that would be bonds, if I understand correctly). So what would be the purpose of ...
by simplesimon
Wed Jul 20, 2016 8:15 am
Forum: Investing - Help with Personal Investments
Topic: FTIPX - New Fidelity offering [Total International Index Fund]
Replies: 13
Views: 1431

Re: FTIPX - New Fidelity offering

It's too early to tell how well this fund tracks and a lot of trust is being given to Fidelity for administering the fund as well as Vanguard would. With almost no performance difference between Fidelity's Spartan funds and the respective Vanguard funds, there is little reason to believe Fidelity wo...
by simplesimon
Tue Jul 19, 2016 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: mortgage vs investing
Replies: 43
Views: 1816

Re: mortgage vs investing

Tigermoose, check out tfb's classic post The Case Against Roth 401(k).
by simplesimon
Tue Jul 19, 2016 11:13 am
Forum: Personal Finance (Not Investing)
Topic: mortgage vs investing
Replies: 43
Views: 1816

Re: mortgage vs investing

It does bother me, but since it's a small manageable amount, i feel like it really shouldn't bother me. I just want to have a clean slate, truly have no debt, etc. That's the emotional side of it. Logically, I can see it's better tax wise to really increase our retirement contributions, especially ...
by simplesimon
Tue Jul 19, 2016 11:10 am
Forum: Personal Finance (Not Investing)
Topic: mortgage vs investing
Replies: 43
Views: 1816

Re: mortgage vs investing

The benefit from putting more money into retirement accounts is that you save on taxes on each dollar you put into your 401K and IRA at your marginal rate (presumably at least 25% if you have income to support $1,150 PITI and $2,300 extra). The $2,300/month you have available are after tax dollars.....
by simplesimon
Tue Jul 19, 2016 10:34 am
Forum: Personal Finance (Not Investing)
Topic: mortgage vs investing
Replies: 43
Views: 1816

Re: mortgage vs investing

Lots of info to consider thanks so much for all the thoughts. Husband has 401k (fidelity) that we don't max out (we DO contribute up to the match...he can contribute up to $18k. I have a small business simple Ira (vanguard) which I can contribute up to $12,500/year. So we "could" contribu...
by simplesimon
Tue Jul 19, 2016 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Social Security situation
Replies: 2
Views: 375

Re: Social Security situation

You're right of course. Thank you. I thought there might be some extra wrinkles where certain rules don't apply since it's SSDI.
by simplesimon
Tue Jul 19, 2016 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Social Security situation
Replies: 2
Views: 375

Social Security situation

I purchased A Social Security Owner's Manual , thanks to these forums, to better understand SS to help my parents. It doesn't cover much about disability and I wanted to get clarification for a SS strategy, particularly around spousal benefits. Dad was born in 1951, mom born in 1956. Dad's the highe...
by simplesimon
Sun Jul 17, 2016 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Spousal Step Up Social Security Question
Replies: 37
Views: 2279

Re: Spousal Step Up Social Security Question

What's the terms of the current loan? Why not refinance now? The reason to take Social Security late and to maximize the survivor benefit is to insure against longevity. You can view the "foregone" earnings from delaying as the cost of insurance in case they both live for a long time, or i...
by simplesimon
Sat Jul 16, 2016 3:29 pm
Forum: Personal Consumer Issues
Topic: Clothing upgrade for professional environment
Replies: 78
Views: 4021

Re: Clothing upgrade for professional environment

I like that with a watch I can tell the time by very quickly glancing at my wrist. It helps when I want to be subtle about it during a meeting of some sort. A phone's screen typically has all sorts of notifications so I think it's a little less distracting to check the time with a watch over the pho...
by simplesimon
Fri Jul 15, 2016 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Whether to put 20% or 10% down on house
Replies: 20
Views: 2300

Re: Whether to put 20% or 10% down on house

Keep in mind your investment returns assumption involves risk while the mortgage rate is risk free return with the larger down payment, so its not exactly comparing apples to apples.

Are the rates really the same?
by simplesimon
Fri Jul 15, 2016 12:50 pm
Forum: Personal Consumer Issues
Topic: Clothing upgrade for professional environment
Replies: 78
Views: 4021

Re: Clothing upgrade for professional environment

Slim fit, definitely not. If he is a weightlifter then he could get shirts tailored to fit chest and waist. Many people think that muscular men should not dress to show off their physiques, at least not for business attire, but there are shirts that could fit him if he chose to ignore this opinion....
by simplesimon
Thu Jul 14, 2016 5:40 pm
Forum: Personal Consumer Issues
Topic: Clothing upgrade for professional environment
Replies: 78
Views: 4021

Re: Clothing upgrade for professional environment

No problem. I'd say I'm a pretty good saver and I track my spending / budget pretty closely. I could comfortably spend $3,000/year on clothing/alterations and I would consider that within reason in relation to my income. I'm not sure if I would like to spend that every year but maybe just to get th...
by simplesimon
Thu Jul 14, 2016 5:20 pm
Forum: Personal Consumer Issues
Topic: Clothing upgrade for professional environment
Replies: 78
Views: 4021

Re: Clothing upgrade for professional environment

I suppose after being in the industry for a couple years I started realizing that if you stay in long term you eventually have to become a sales person. Coming in, I just figured I'd sit in the office and complete my work and no one would really see me (which is true). But when I started thinking a...
by simplesimon
Thu Jul 14, 2016 4:43 pm
Forum: Personal Consumer Issues
Topic: Clothing upgrade for professional environment
Replies: 78
Views: 4021

Re: Clothing upgrade for professional environment

What's made you start wondering? I ask because if you don't think it's holding you back at work, then why does it matter?

What does your boss wear? What does his or her boss wear?
by simplesimon
Wed Jul 13, 2016 2:41 pm
Forum: Personal Consumer Issues
Topic: Do you tip Uber drivers?
Replies: 49
Views: 5232

Re: Do you tip Uber drivers?

I usually sit up front and talk to my Uber drivers. Some of them are quite interesting. I've learned a lot about the experience from the driver's perspective. For instance, they are required to rate passengers before they can pick up another fare, just as we are required to rate them. And the ratin...
by simplesimon
Wed Jul 13, 2016 1:32 pm
Forum: Investing - Theory, News & General
Topic: Any thoughts on REIT run up so far?
Replies: 14
Views: 2011

Re: Any thoughts on REIT run up so far?

I'm glad I have them now. I won't be as glad when they're going down.
by simplesimon
Wed Jul 13, 2016 7:16 am
Forum: Personal Consumer Issues
Topic: Do you tip Uber drivers?
Replies: 49
Views: 5232

Re: Do you tip Uber drivers?

Don't feel pressured to tip. The whole point of the app is to make it super easy to get a ride and not have the hassle of a transaction at the end of it. A friend of mine recently took an Uber Black and he said there was a sign in the car that said "Tips appreciated". It's BS. I've heard t...
by simplesimon
Tue Jul 12, 2016 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Real career path for a 23 yr old with no college degree
Replies: 50
Views: 5049

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

Someone I know started working for a staffing firm, which was a total grind for four years. He was successful at it and with his experience was able to become a recruiter at big tech firms (this was in the Bay Area) making very good money and benefits all without a college degree.
by simplesimon
Sat Jul 09, 2016 8:07 am
Forum: Investing - Help with Personal Investments
Topic: Aggresively paying student loans vs saving for retirment
Replies: 34
Views: 1992

Re: Aggresively paying student loans vs saving for retirment

From what you've presented, you're not making a good comparison. You want to figure out what your (debt+investments) will be at the end of Month 120. If you pay $1,110.21/month towards your debt and invest the other $1,000/month, you'll have $147,249 at the end of Month 120. If you pay $2,110.21/mon...
by simplesimon
Fri Jul 08, 2016 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Buy vs rent Boston area?
Replies: 35
Views: 2816

Re: Buy vs rent Boston area?

WHy would you put such a large downpayment down? 43% yikes! Your PITI would be about 4.5k/month with 0% down and NO PMI. What's the interest rate on a 0 down no PMI mortgage? How much return do you need to earn on savings in order to break even compared to a mortgage with 3.625% interest (to use yo...
by simplesimon
Fri Jul 08, 2016 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Buy vs rent Boston area?
Replies: 35
Views: 2816

Re: Buy vs rent Boston area?

For comparison, wife and I are early & late 30's, our income recently increased from about $215K to about $265K, we just put $350K down on an $800K house near Boston (one of the suburbs with "good schools" inside of 128), about $70K cash remaining in hand, and about $375K in tax-defer...
by simplesimon
Tue Jul 05, 2016 12:44 pm
Forum: Personal Consumer Issues
Topic: replacing an iPhone, first time with the "new non-subsidized model"
Replies: 48
Views: 3766

Re: replacing an iPhone, first time with the "new non-subsidized model"

Another +1 for Cricket! If you're willing to go with ATT, then Cricket is exactly the same product in terms of actual data performance & coverage. . This is not totally correct. -Cricket limits 4G LTE speed to 8Mps and 4G to 4Mps even when ATT network can deliver faster performance. I personall...
by simplesimon
Tue Jul 05, 2016 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Buy vs rent Boston area?
Replies: 35
Views: 2816

Re: Buy vs rent Boston area?

On the surface this seems to be the better move financially, but it all comes down to where you are commuting to. Commuter rail passes are very expensive, and costs are only going up. For example Ashland (Out on the Worcester Line) Parking $80 ($4 a day x 20 workdays) Zone 6 Pass $318 $400 a month ...
by simplesimon
Tue Jul 05, 2016 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Buy vs rent Boston area?
Replies: 35
Views: 2816

Re: Buy vs rent Boston area?

How big is the apartment you're living in? Do you want this exact same size in a house?
by simplesimon
Fri Jul 01, 2016 3:21 pm
Forum: Personal Consumer Issues
Topic: How many of you have cut cord?
Replies: 145
Views: 8640

Re: How many of you have cut cord?

We pay for basic channels (don't want to mess with an antennae in our apartment) and have HBO Go, Netflix, and MLB.TV all on a Roku 3. This fulfills 90% of our tv watching needs. We decided it's okay to miss out on everything ESPN and NBC Sports related.
by simplesimon
Fri Jul 01, 2016 8:07 am
Forum: Investing - Help with Personal Investments
Topic: Please show me why three fund is better than this...
Replies: 44
Views: 3046

Re: Please show me why three fund is better than this...

Your entire analysis is based on past performance, so if you want to ignore the advice about past performance and are convinced you have nerves of steel, then there's nothing particularly wrong with it. It's emotional decisions, sell low/buy high, buy low/sell lower, sell high/buy higher, that kill ...
by simplesimon
Thu Jun 30, 2016 12:37 pm
Forum: Investing - Theory, News & General
Topic: Lending Club
Replies: 32
Views: 2504

Re: Lending Club

The readers here are an exception to the masses. I know people who are chasing yields and don't have a diversified portfolio of stocks and bonds to begin with. They are looking for a great investment with the little cash they have. My feeling is lots of retail investors in LC are more like this than...
by simplesimon
Thu Jun 30, 2016 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Boston area teardown bubble? Sign of a housing downturn ahead?
Replies: 74
Views: 4264

Re: Boston area teardown bubble? Sign of a housing downturn ahead?

Not to hijack the thread...but now that we got a bunch of local homeowners reading the thread...what is your advice or do you have any suggestions for young couples who are looking to buy a SFH in the next few years? While conventional wisdom says to save 20% for a down payment, my gut feeling tells...
by simplesimon
Wed Jun 29, 2016 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Boston area teardown bubble? Sign of a housing downturn ahead?
Replies: 74
Views: 4264

Re: Boston area teardown bubble? Sign of a housing downturn ahead?

I drive by this house every single day: http://www.zillow.com/homedetails/40-Smith-St-Waltham-MA-02451/56357072_zpid/ I saw it built and landscaped and wondered what it would go for when it hit the market. The price was jaw dropping and I believed it would never sell at the original listing price. ...
by simplesimon
Wed Jun 29, 2016 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Boston area teardown bubble? Sign of a housing downturn ahead?
Replies: 74
Views: 4264

Re: Boston area teardown bubble? Sign of a housing downturn ahead?

I drive by this house every single day: http://www.zillow.com/homedetails/40-Smith-St-Waltham-MA-02451/56357072_zpid/ I saw it built and landscaped and wondered what it would go for when it hit the market. The price was jaw dropping and I believed it would never sell at the original listing price. I...
by simplesimon
Wed Jun 29, 2016 8:26 am
Forum: Investing - Theory, News & General
Topic: Lending Club
Replies: 32
Views: 2504

Re: Lending Club

Agree, low correlation and diverse sources of income are absolutely reasons to invest. It's the reason I allocate a portion of equities in REIT's. My mention of the SP500 returns in the last five years was only to illustrate that if returns are the only thing an investor is looking for there are bet...
by simplesimon
Tue Jun 28, 2016 2:15 pm
Forum: Investing - Theory, News & General
Topic: Lending Club
Replies: 32
Views: 2504

Re: Lending Club

I don't know if Lending Club is more "risky" than the SP500, although my gut reaction is that it is. I think most of us got into P2P specifically because it wasn't the SP500 - in other words, no P2P zig when the SP500 zagged. It was/is a way to diversify a portfolio (assuming a credible, ...
by simplesimon
Tue Jun 28, 2016 1:54 pm
Forum: Investing - Theory, News & General
Topic: Lending Club
Replies: 32
Views: 2504

Re: Lending Club

I've been thinking about this some more and I think this is very similar to how some people have comfort investing in a bond ladder vs investing in a bond fund. With a bond ladder, or with a portfolio of LC loans, there's no mark to market. There's a sense of security when one does not know the mark...
by simplesimon
Tue Jun 21, 2016 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Ally Bank Credit Card
Replies: 27
Views: 2494

Re: Ally CashBack Credit Card

Interesting mechanism with the 10% bonus to deposit the rewards in an Ally account effectively making the bonuses 2.2% and 1.1%.
by simplesimon
Fri Jun 17, 2016 12:49 pm
Forum: Investing - Help with Personal Investments
Topic: What should I do with my 401k? (New Job)
Replies: 3
Views: 242

Re: What should I do with my 401k? (New Job)

Rolling over from a former employer sponsored 401K to a place like a Vanguard tIRA should be free. If you think you will be investing in Vanguard in the future, absolutely do it to consolidate and simplify.
by simplesimon
Fri Jun 17, 2016 12:44 pm
Forum: Investing - Help with Personal Investments
Topic: Law firm capital contribution as part of asset allocation?
Replies: 11
Views: 988

Re: Law firm capital contribution as part of asset allocation?

Without further detail about the structure of your contribution or your firm, I'd view it as equity that pays volatile dividends. What kind of work does the firm do? If it's correlated with the stock market you don't want your investments to decline the same time your firm's profits evaporate.
by simplesimon
Fri Jun 17, 2016 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Pros / Cons of Utilizing Various Sources for Income
Replies: 2
Views: 349

Re: Pros / Cons of Utilizing Various Sources for Income

I don't know much about variable annuities so I can't comment on #4, but #1 seems like easily the best option - you get to stay invested and reap all the tax benefits of a Roth. #2 would mean you sit on more cash or redeploy at a higher cost basis (how much in capital gains are we talking about for ...

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