Search found 66 matches

by sschoe2
Mon Jun 19, 2017 6:43 pm
Forum: Personal Consumer Issues
Topic: Any BHs Had Experience With the Honda Fit?
Replies: 51
Views: 3103

Re: Any BHs Had Experience With the Honda Fit?

I drive an 09 and have had very few problems with it. Just consumables and sensors (a transmission fluid pressure and the A/C compressor thermal protector). I have 96k miles on it and right now it is in for a new serpentine belt and idler pulley. I drive it on the Illinois Tollway (median speed 70 m...
by sschoe2
Thu Jun 15, 2017 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Was it unprofessional for the HR manager to ask for my salary history in front of a peer at a job interview?
Replies: 67
Views: 5594

Re: Was it unprofessional for the HR manager to ask for my salary history in front of a peer at a job interview?

Never hesitate to walk out of an interview when HR demonstrate incompetence and unethical conduct. If you do that you may never find a job. I generally expect incompetence and unprofessional behavior from HR. I have several times had to withdraw when it was clear they were totally out of control an...
by sschoe2
Thu Jun 15, 2017 11:18 am
Forum: Personal Consumer Issues
Topic: scary phone calls [phone scams]
Replies: 35
Views: 3189

Re: scary phone calls

whaleknives wrote:
sschoe2 wrote:. . . I wish I could use Nomorobo on my cell as well

Image

My phone is Android so I am still waiting.
by sschoe2
Thu Jun 15, 2017 9:07 am
Forum: Personal Consumer Issues
Topic: scary phone calls [phone scams]
Replies: 35
Views: 3189

Re: scary phone calls

Nomorobo gets 95% of these calls on the land line which is good as I have an elderly mother and had to spend the night reformatting her hard drive after she gave remote access to a MS tech support scammer. On my cell I just don't answer unknown numbers I wish I could use Nomorobo on my cell as well
by sschoe2
Thu Jun 15, 2017 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Would you take a 25% pay cut for more professional satisfaction?
Replies: 57
Views: 3375

Re: Would you take a 25% pay cut for more professional satisfaction?

It depends. If I was earning $40-50k per year no that would seriously compromise my financial status and quality of life. If I was earning $100k+ probably as that is far more than I need to maintain an acceptable quality of life (I really don't desire much) so that changes the equation. I think ther...
by sschoe2
Wed Jun 14, 2017 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Fund Hell
Replies: 55
Views: 5640

Re: Trust Fund Hell

I thought Vanguard was $7-8 per trade?

I may have to do this some day soon with my Mom's RBC account. She has a bunch of obscure funds I figured transfer it all to Vanguard and sell it for $7 per trade per fund.
by sschoe2
Wed Jun 14, 2017 12:20 pm
Forum: Investing - Help with Personal Investments
Topic: AA drifting away from soft target - are you all rebalancing?
Replies: 19
Views: 999

Re: AA drifting away from soft target - are you all rebalancing?

I put money in my taxable once a month and every time I do I buy funds in proportion to re-balance. That way there is no selling creating a taxable event. It takes a few minutes to do the calcs on a prepared spreadsheet. My 401k is in Target 2045 which is the best option in my 401k plan so there is ...
by sschoe2
Wed Jun 07, 2017 11:08 am
Forum: Personal Consumer Issues
Topic: Dave Ramsey Financial Peace University ??? worth it?
Replies: 120
Views: 6911

Re: Dave Ramsey Financial Peace University ??? worth it?

I agree go to Ramsey for personal finance and come here for Investing.
by sschoe2
Tue Jun 06, 2017 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Chicago Real Estate
Replies: 24
Views: 2415

Re: Chicago Real Estate

I live in Cook County Illinois and the problems here are catastrophic. Basically, the Dems and Unions scratched each others backs for decades and were given insane pensions and other retirement benefits. The dems then severely underfunded the pensions for decades to the point where it is now impossi...
by sschoe2
Sat Jun 03, 2017 8:19 pm
Forum: Investing - Help with Personal Investments
Topic: Choosing the right Short term Bond ETF
Replies: 7
Views: 486

Re: Choosing the right Short term Bond ETF

Not sure why you need an ETF. I use VFSUX (Vanguard Short Term Investment Grade).
by sschoe2
Wed May 31, 2017 11:06 am
Forum: Investing - Help with Personal Investments
Topic: Should I max out wife's 401k
Replies: 26
Views: 1450

Re: Should I max out wife's 401k

I'd also lobby the head of that 401k and inform them they are risking a lawsuit for breach of fiduciary responsibility. There really is not excuse for these ridiculous 401k's that are worse than Edward Jones. I'm sure Vanguard, Fidelity, I have one at Wells Fargo all offer much more reasonable progr...
by sschoe2
Wed May 31, 2017 9:13 am
Forum: Investing - Help with Personal Investments
Topic: Best Vanguard fund for emergency fund?
Replies: 21
Views: 2815

Re: Best Vanguard fund for emergency fund?

yes in fact it is my only bond allocation now (vfsux) which makes it 22% going down.
by sschoe2
Tue May 30, 2017 10:04 am
Forum: Investing - Help with Personal Investments
Topic: Best Vanguard fund for emergency fund?
Replies: 21
Views: 2815

Re: Best Vanguard fund for emergency fund?

An emergency fund should be very stable and liquid.
I keep $1-2k in my normal checking
I keep $10k in a 1% saving account
I keep $50k in VFSUX (short term investment grade)

All the rest are in equities I am 36.
by sschoe2
Mon May 29, 2017 9:14 pm
Forum: Investing - Help with Personal Investments
Topic: Tried to purchase shares of VTSMX for taxable account...transfers into MM fund?
Replies: 16
Views: 1221

Re: Tried to purchase shares of VTSMX for taxable account...transfers into MM fund?

Same thing happened to me when I first started my account. I was trying to purchase VTIVX (target 2045) and went through all the bank account linking and account creation and it ended up in money market. No big deal I just bought what I wanted using the money market fund once it got there. I was on ...
by sschoe2
Wed May 24, 2017 4:18 pm
Forum: Investing - Help with Personal Investments
Topic: VTSMX vs Schwab Total Stock Market Index Fund
Replies: 29
Views: 2587

Re: VTSMX vs Schwab Total Stock Market Index Fund

I heard on another forum Schwab's Total Stock Market Index was much less tax efficient.
by sschoe2
Tue May 23, 2017 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: % Roth vs. % traditional
Replies: 91
Views: 3593

Re: % Roth vs. % traditional

The one article I read I can't remember the source indicated that say your roth is 70% principle and 30% gains. No matter how much you take out 30% is assumed to be growth and you have to pay taxes and penalty on that 30%. You can't just take $10k out and say this is all principle so I owe nothing. ...
by sschoe2
Tue May 23, 2017 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: % Roth vs. % traditional
Replies: 91
Views: 3593

Re: % Roth vs. % traditional

How about withdrawals? I've read conflicting things about penalty-free withdrawals from Roth IRA's and 401k's Some say none until 59.5/55 others say you can take out principle any time (5 year rule on 401k) one said that there was a formula for whatever you took out as to what portion is principle a...
by sschoe2
Mon May 22, 2017 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: % Roth vs. % traditional
Replies: 91
Views: 3593

Re: % Roth vs. % traditional

It is just something to take into consideration when weighing roth vs traditional that gains that would be taxable at 15% are now 25%+. On the other hand a traditional puts more money into your account for growth. It is just a real tough calculation. I guess if you think you are going to be in a low...
by sschoe2
Mon May 22, 2017 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: % Roth vs. % traditional
Replies: 91
Views: 3593

Re: % Roth vs. % traditional

One problem I see with traditional is most of your portfolio gains are capital gains which would be taxed at the lower capital gains rate. When you cash out your 401k it is all taxed at your regular marginal rate.
by sschoe2
Fri May 19, 2017 8:40 am
Forum: Personal Consumer Issues
Topic: Rice Cooker
Replies: 41
Views: 3327

Re: Rice Cooker

I use mine to make non quick cook brown rice I just have the cheap Black and Decker from Walmart. I add 2.5 cups rice and rinse a few times 8 chicken bullion cubes about 1.5 tablespoons monosodium glutamate a bit of garlic, onion and parsely. I then fill up the chamber almost full. It takes about 1....
by sschoe2
Thu May 18, 2017 12:39 pm
Forum: Investing - Help with Personal Investments
Topic: Employer doesn't offer 401k and already have Roth IRA
Replies: 6
Views: 529

Re: Employer doesn't offer 401k and already have Roth IRA

You mean physical therapy assistant? $40k is ridiculously low for a physical therapist.
by sschoe2
Thu May 18, 2017 12:31 pm
Forum: Investing - Help with Personal Investments
Topic: Managing My Elderly Moms Portfolio
Replies: 13
Views: 1952

Re: Managing My Elderly Moms Portfolio

Even at her age I wouldn't keep that much cash at a bank or money market fund. I'd do 50% equities and 50% bonds and enough in the bank for a small immediate emergency fund. I keep $10k in saving ~$2k in checking and $50k in short term investment grade for an emergency fund. I would put up to 50% to...
by sschoe2
Thu May 18, 2017 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: 100% VTSAX need advice [Vanguard Total Stock Market]
Replies: 65
Views: 7256

Re: 100% VTSAX need advice

I like 60% VTSAX; 20% VTMSX (tax managed small cap) and 20% VTIAX (total international). I also like have a static $50k in short term investment grade (may move to muni's depending on the circumstances) and $10k cash for immediate needs. I am aged 36. I have a 401k in Target 2045 so I have about 28%...
by sschoe2
Tue May 16, 2017 4:14 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones Guided Solutions Fees
Replies: 46
Views: 5873

Re: Edward Jones Guided Solutions Fees

What I don't get is why don't people who feel they have to have an adviser just hire a fee based CFP and pay them once a year or so. It would probably be $2-300/year vs 1.25% of say a $100k portfolio so $1250/year.
by sschoe2
Fri May 05, 2017 10:22 am
Forum: Personal Finance (Not Investing)
Topic: have you accepted a lower cost lifestyle to retire early?
Replies: 71
Views: 9089

Re: have you accepted a lower cost lifestyle to retire early?

Yes, definitely. I plan to retire at 40ish on about a million. Withdrawal rate of 2.25%. Not a lavish lifestyle, but I'll be totally free!! I'd love to as well but the biggest obstacle I see is health insurance. Otherwise I could live on $30-40k just fine but not if I am paying $2500 a month for he...
by sschoe2
Tue May 02, 2017 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Banking in Marriage
Replies: 66
Views: 4556

Re: Banking in Marriage

I agree with Btenny. The number one cause of fights and divorce is money. Therefore I'd rather both husband and wife have their own account and agree how much each contributes to living expenses and the rest is their own business. That way there are none of those you spent how much on shoes and make...
by sschoe2
Tue May 02, 2017 1:59 pm
Forum: Personal Consumer Issues
Topic: Where to Live on $60K or Less a Year?
Replies: 242
Views: 24534

Re: Where to Live on $60K or Less a Year?

I lived in Athens, GA for a year. A nice college town ~1.5hr out of Atlanta. It meets a lot of those check boxes. There is a lovely cycling community, decent healthcare, major airport, affordable housing, 2hr to the Appalachians.
by sschoe2
Tue May 02, 2017 9:21 am
Forum: Personal Consumer Issues
Topic: Microsoft, I want my computer back!
Replies: 165
Views: 11991

Re: Microsoft, I want my computer back!

MS Office and Games are tricky. I just use Libre Office. The older versions of Office and some games can be run under a Windows emulator like WINE and such. However, game compatibility is a major issue and weakness for Linux.
by sschoe2
Sun Apr 30, 2017 9:38 am
Forum: Personal Consumer Issues
Topic: Microsoft, I want my computer back!
Replies: 165
Views: 11991

Re: Microsoft, I want my computer back!

I gave up on MS software and went to Linux Mint on my desktops. One of my computers has Win 10 on a separate partition that I go into very seldom usually to use ODIN to update bootloaders/TWRP on my tablet ( I use custom ROMs). The constant aggressive update jacking was a top reason but I find MS so...
by sschoe2
Fri Apr 28, 2017 2:51 pm
Forum: Personal Consumer Issues
Topic: Somebody hit my car in a parking lot
Replies: 26
Views: 3735

Re: Somebody hit my car in a parking lot

My father then I had a 1995 Saturn. He previously had a Toyota that rusted so he wanted the Saturn. Instead the panels didn't rust but the frame, undercarriage, and exhaust rusted to heck, it was burning oil by 60k miles, having transmission flares, and by 90k miles I gave up on it. Crapbox and mone...
by sschoe2
Fri Apr 28, 2017 6:02 am
Forum: Personal Consumer Issues
Topic: Home Warranty
Replies: 11
Views: 903

Re: Home Warranty

Ignore the invoice. These warranties are totally worthless with so many restrictions. Agreed plus they give bonuses to contractors to find reasons to deny you. I had a refrigerator die and the repair person tried to put down we should have opened it up and cleaned the circuitry with duster (it was ...
by sschoe2
Thu Apr 27, 2017 7:40 am
Forum: Investing - Theory, News & General
Topic: Vanguard New Lower ER .04%
Replies: 56
Views: 5775

Re: Vanguard New Lower ER .04%

I logged in today and my mutual fund version VTSAX is also down to 0.04% and my tax managed small cap index VTMSX is down to 0.09% from 0.11% I believe.
by sschoe2
Wed Apr 26, 2017 8:54 am
Forum: Investing - Help with Personal Investments
Topic: Why is Real-Estate so Bad?
Replies: 113
Views: 9380

Re: Why is Real-Estate so Bad?

There was a caller on Bob Brinker last Sunday who had a $1.5E6 property that was netting him about a 2.5% return. He was asking if he should sell. For me that would be a no-brainer. You could do better in bonds.
by sschoe2
Wed Apr 26, 2017 8:51 am
Forum: Investing - Help with Personal Investments
Topic: Thoughts on VFSUX Vanguard Short Term Investment Grade Adm
Replies: 10
Views: 1787

Re: Thoughts on VFSUX Vanguard Short Term Investment Grade Adm

I like it. I keep my emergency fund in it. I keep it $50k in VFSUX and have $10k in a credit union account as my primary emergency fund.
by sschoe2
Tue Apr 25, 2017 8:13 am
Forum: Personal Consumer Issues
Topic: New job and offer - recruiter sent a wrong $$
Replies: 43
Views: 5098

Re: New job and offer - recruiter sent a wrong $$

If by recruiter you mean company HR it is very possible they bleeped up and are to arrogant to admit it. I have had enough experience with HR people that I have no respect for most of them and have come to expect scatterbrained, rudeness, arrogance, and unprofessionalism from most of them. It is als...
by sschoe2
Fri Apr 21, 2017 10:33 am
Forum: Investing - Theory, News & General
Topic: How inefficient is it to hold Total Bond Index in a taxable account?
Replies: 40
Views: 5614

Re: How inefficient is it to hold Total Bond Index in a taxable account?

I am in the 25% bracket. I currently hold only short term bonds as my emergency fund and until interest rates stabilize.

corporate VFSUX=2.02%
Muni VMLUX=1.40%

0.75*2.02=1.515 VFSUX wins
by sschoe2
Thu Apr 20, 2017 6:09 pm
Forum: Investing - Help with Personal Investments
Topic: Moving my mother's obscure funds to Vanguard
Replies: 14
Views: 1470

Re: Moving my mother's obscure funds to Vanguard

I'm aware though I have access to her RBC website account and some of the stuff shows the cost basis and some says N/A and has none. However some of the funds she has have huge losses so I can dump them along with ones with big gains. However, most of her stuff is dividend stocks and funds so it doe...
by sschoe2
Thu Apr 20, 2017 5:33 pm
Forum: Investing - Help with Personal Investments
Topic: Moving my mother's obscure funds to Vanguard
Replies: 14
Views: 1470

Re: Moving my mother's obscure funds to Vanguard

I checked Vanguard's site. It states there is a $25 per fund administration charge for Vanguard mutual funds in a Simple Ira unless she is Voyager. Voyager is $50k Her Ira is only $45k but her taxable is $75k. Will that qualify her for Voyager if she transfers both? What about nonvanguard funds and ...
by sschoe2
Wed Apr 19, 2017 2:33 pm
Forum: Investing - Help with Personal Investments
Topic: Moving my mother's obscure funds to Vanguard
Replies: 14
Views: 1470

Re: Moving my mother's obscure funds to Vanguard

Why leave the Verizon? I don't like that she has 6% of her taxable portfolio in one stock even if it is a large company that pays good dividends.
by sschoe2
Wed Apr 19, 2017 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: Moving my mother's obscure funds to Vanguard
Replies: 14
Views: 1470

Re: Moving my mother's obscure funds to Vanguard

Yea I have no idea how she ended up with so much REIT everywhere. I jokingly told her she was going to be a real-estate mogul like Trump. Though she took some major losses with the AWP and JPS but she made a good amount on the HCP. Still I am 36 think that is risky for her especially with the house ...
by sschoe2
Wed Apr 19, 2017 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: Moving my mother's obscure funds to Vanguard
Replies: 14
Views: 1470

Re: Moving my mother's obscure funds to Vanguard

The current adviser won't do anything for free. There was $14k sitting there in the IRA for months (actually not sure how long) in cash and he just finally called and sold her the VNQ and charged a $879 2.4% commission. I suspect a lot of the stuff in there was a result of commissions being offered ...
by sschoe2
Wed Apr 19, 2017 12:12 pm
Forum: Investing - Help with Personal Investments
Topic: Moving my mother's obscure funds to Vanguard
Replies: 14
Views: 1470

Moving my mother's obscure funds to Vanguard

I am looking to move my mother's accounts from RBC to Vanguard to simplify and reduce her risk. She has a vastly over complicated and under-performing portfolio with way too many fees. She is 73 and doesn't understand to much about investing other than she likes dividend checks. She rarely touches a...
by sschoe2
Fri Apr 07, 2017 9:00 pm
Forum: Investing - Help with Personal Investments
Topic: VG has any funds for Frontier Markets??
Replies: 23
Views: 1901

Re: VG has any funds for Frontier Markets??

Frontier markets are very small markets. Looking at the total market cap of the MSCI indexes (from https://www.msci.com/documents/10199/4211cc4b-453d-4b0a-a6a7-51d36472a703 and https://www.msci.com/documents/10199/8920d079-db03-4998-af26-24de9d5e9a0d), developed and emerging markets add up to $46.2...
by sschoe2
Thu Apr 06, 2017 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Cost basis of nontaxable distributions
Replies: 1
Views: 284

Cost basis of nontaxable distributions

Hi all I am trying to do my mother's taxes on Taxact resulting from her Chinese menu of obscure closed end mutual funds. Anyways I am stuck with nontaxable distributions. Taxact is asking me for "Adjusted basis of stock before reduction for nondividend distributions" and check if zero. I a...
by sschoe2
Sat Apr 01, 2017 5:06 pm
Forum: Investing - Help with Personal Investments
Topic: RBC IRA to Vanguard
Replies: 7
Views: 333

Re: RBC IRA to Vanguard

She doesn't really have a relationship with her adviser or anything. My father handled investments and stuff she pretty much just kept it and didn't do much since he passed away 15 years ago. I've been taking care of her and taking care of more and more stuff for her like tax forms and such so she i...
by sschoe2
Sat Apr 01, 2017 4:44 pm
Forum: Investing - Help with Personal Investments
Topic: RBC IRA to Vanguard
Replies: 7
Views: 333

Re: RBC IRA to Vanguard

I showed her the 10 year CAGR for each of the Gabelli funds compared to the corresponding Vanguard index fund. They each under performed the corresponding Vanguard index fund by 1-2% except for the equity which was only ~0.3% probably due to the high expense ratios.
by sschoe2
Sat Apr 01, 2017 4:05 pm
Forum: Investing - Help with Personal Investments
Topic: RBC IRA to Vanguard
Replies: 7
Views: 333

Re: RBC IRA to Vanguard

No she is not. I have no idea how she got into RBC. She lives in the USA and has never been to Canada. I think she was with someone else and there were a series of mergers and acquisitions over the years with the holding company. Her adviser who is associated with RBC has offices in Oakbrook, IL.
by sschoe2
Sat Apr 01, 2017 2:10 pm
Forum: Investing - Help with Personal Investments
Topic: RBC IRA to Vanguard
Replies: 7
Views: 333

RBC IRA to Vanguard

Hi all I just took a look at my mother's IRA and think she is being taken. She is with RBC and is in 3 Gabelli trust mutual funds Gabelli utility, healthcare and wellness, and equity trust all ~1.25-1.5% expense (and I really had to dig to get the expense ratio). I want to move her to Vanguard and p...
by sschoe2
Thu Mar 30, 2017 9:30 am
Forum: Investing - Help with Personal Investments
Topic: Short term munis vs. CDs for extra cash on hand?
Replies: 7
Views: 972

Re: Short term munis vs. CDs for extra cash on hand?

I do short term corporate and just eat the tax. Short term muni yield less than my savings account 1% last I checked.

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