Search found 113 matches

by sschoe2
Tue Aug 22, 2017 6:11 am
Forum: Personal Consumer Issues
Topic: animal stuck in dryer vent?
Replies: 20
Views: 1609

Re: animal stuck in dryer vent?

I would just replace the vent tubing. I don't believe it is very expensive. As other have said get the vent end with the cage on it.
by sschoe2
Mon Aug 21, 2017 6:50 pm
Forum: Investing - Help with Personal Investments
Topic: My girlfriend and her 401K, need to give her advice
Replies: 59
Views: 4360

Re: My girlfriend and her 401K, need to give her advice

I agree she should contribute as much as possible into an aggressive growth portfolio but that won't do it. You can't plant a bunch of saplings and expect it to become a forest in a few years. There is really no solution for her and the many other people who did not save adequately or appropriately ...
by sschoe2
Mon Aug 21, 2017 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: My girlfriend and her 401K, need to give her advice
Replies: 59
Views: 4360

Re: My girlfriend and her 401K, need to give her advice

Sometimes you are just bleeped.

Her only option is to put it in the stock market now plan to work through old age at least part time to supplement social security and possibly live in a very low COL area or possibly expatriate. You can't correct 30 years of bad investment strategy in a few years.
by sschoe2
Fri Aug 18, 2017 3:12 pm
Forum: Personal Consumer Issues
Topic: Little P**S Ants
Replies: 57
Views: 7375

Re: Little P**S Ants

There's no reason to cause them harm. They don't hurt anything, they don't carry diseases that can affect humans, and they clean up crumbs that might attract roaches. They are also interesting to watch. Keep your house free of food sources and they won't be so noticeable. They also don't pay rent.
by sschoe2
Fri Aug 18, 2017 1:55 pm
Forum: Personal Consumer Issues
Topic: DUI lawyer - need advice
Replies: 85
Views: 6697

Re: DUI lawyer - need advice

First let me say I hate drunk drivers. I am an avid bicyclist and a lot of cyclists have been maimed and killed by drunk drivers. I believe I heard on TV [and it is widely advertised to discourage DUI especially in this age where Uber/Lyft/Taxi are a click away] that the average DUI winds up costing...
by sschoe2
Thu Aug 17, 2017 12:03 pm
Forum: Investing - Help with Personal Investments
Topic: what % of international stock
Replies: 31
Views: 1557

Re: what % of international stock

Vanguard is very bullish at 40% of equities in Total Intenational Stock Index in their target date funds By what definition is 40% international bullish? If they were "neutral" on a market cap weighted basis they'd have something like 47% international and 53% US stocks. I'd say "bullish" would be ...
by sschoe2
Thu Aug 17, 2017 9:05 am
Forum: Investing - Theory, News & General
Topic: WSJ - ... Stop Index Trackers [from] Eating the Economy
Replies: 23
Views: 2928

Re: WSJ - ... Stop Index Trackers [from] Eating the Economy

How do they propose to stop index trackers? Even if they ban index funds there is nothing stopping me from doing what Mr. Monkey did and randomly pick stocks.
by sschoe2
Wed Aug 16, 2017 11:03 am
Forum: Investing - Help with Personal Investments
Topic: what % of international stock
Replies: 31
Views: 1557

Re: what % of international stock

Jack Bogle says none you get enough from Fortune 500's international revenues
Vanguard is very bullish at 40% of equities in Total Intenational Stock Index in their target date funds
Bob Brinker says up to 20%

I tend to be in the middle with Brinker at 20%.
by sschoe2
Tue Aug 15, 2017 8:56 am
Forum: Investing - Help with Personal Investments
Topic: ETFs for Roth account?
Replies: 6
Views: 469

Re: ETFs for Roth account?

I just started a roth with $3k and chose the ETF VTI (Total Stock Market Index) because it has the same expense ratio as the Admiral shares VTSAX.
by sschoe2
Mon Aug 07, 2017 2:48 pm
Forum: Personal Consumer Issues
Topic: Love your family car? Under $16,000 Used? Please share!
Replies: 39
Views: 4330

Re: Love your family car? Under $16,000? Please share!

1) I don't know CA laws in particular, but I doubt you can easily avoid sales tax by buying across the state line. It's conceivable, but don't get your hopes up. Nope the minute you try to register it you will need to provide information on the sale price and either pay or give a receipt that you d...
by sschoe2
Thu Aug 03, 2017 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Losing confidence in Ally Bank - what would you do
Replies: 58
Views: 6592

Re: Losing confidence in Ally Bank - what would you do

I also use Alliant Credit Union for my primary emergency fund ($10k savings) and one credit card. I am very pleased with them. I tried doing business with Ally back in 2009 when it was GMAC bank. I had just moved and despite my full cooperation they had such a hard time dealing with that fact that t...
by sschoe2
Wed Aug 02, 2017 8:11 am
Forum: Investing - Theory, News & General
Topic: How can VTMSX be tax efficient with 7% Real Estate
Replies: 8
Views: 844

How can VTMSX be tax efficient with 7% Real Estate

Hi all I have a question

I have Vanguard Tax Managed Small Cap Index (VTMSX) in my taxable portfolio. It is listed as 6.8% real estate which I assume are REITs. How can something with REITs be tax efficient?
by sschoe2
Tue Aug 01, 2017 11:19 am
Forum: Investing - Help with Personal Investments
Topic: Say Bye Bye To Wells Fargo Advisors?
Replies: 30
Views: 3065

Re: Say Bye Bye To Wells Fargo Advisors?

It will probably blow over for Wells Fargo after it fades from the news cycles. Just like United who had a paying customer beaten and dragged from its plane to make room for an employee, killed a cute fluffy bunny rabbit, and of course breaks guitars. These moral outrages have short shelf-lives. As ...
by sschoe2
Tue Aug 01, 2017 10:52 am
Forum: Investing - Help with Personal Investments
Topic: Say Bye Bye To Wells Fargo Advisors?
Replies: 30
Views: 3065

Re: Say Bye Bye To Wells Fargo Advisors?

I have my 401k at WF in Target 2045. The fees are reasonable about $80 a year in admin. I rather have it in Vanguard as then I could get Admiral Funds rather than the Target Retirement Funds. The company I work for hasn't had any issues with the brokerage arm of their company. All the problems have ...
by sschoe2
Mon Jul 31, 2017 6:24 am
Forum: Investing - Theory, News & General
Topic: "Why Don’t Vanguard’s Target Retirement and LifeStrategy Funds Own Admiral Shares?"
Replies: 37
Views: 4383

Re: "Why Don’t Vanguard’s Target Retirement and LifeStrategy Funds Own Admiral Shares?"

Finally, that makes sense. So this is just a function of Vanguard's cost structure and costs incurred. I suspect that most of the investors who are attracted to the TR and LS funds do not have adequate balances to buy admiral shares in multiple funds. If they did, I suspect that's the route they'd ...
by sschoe2
Fri Jul 28, 2017 6:30 pm
Forum: Investing - Help with Personal Investments
Topic: Starting Roth IRA at Vanguard. Can I transfer funds from taxable?
Replies: 6
Views: 403

Re: Starting Roth IRA at Vanguard. Can I transfer funds from taxable?

In that case I might as well just keep the Vfsux in taxable as my emergency fund. I might as well just continue my same asset allocation as taxable and look into the mega.
by sschoe2
Fri Jul 28, 2017 2:59 pm
Forum: Investing - Help with Personal Investments
Topic: Starting Roth IRA at Vanguard. Can I transfer funds from taxable?
Replies: 6
Views: 403

Re: Starting Roth IRA at Vanguard. Can I transfer funds from taxable?

I believe vanguard requires 10 k to purchase admiral shares, and looks at your total account value to determine your account status, i.e. Voyager, flagship etc. VFSUX is $50k for admiral I currently have admiral but I am wondering if it would still be admiral if I had 44.5 in taxable and 5.5 in Rot...
by sschoe2
Fri Jul 28, 2017 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: Starting Roth IRA at Vanguard. Can I transfer funds from taxable?
Replies: 6
Views: 403

Starting Roth IRA at Vanguard. Can I transfer funds from taxable?

I am ready to start a roth IRA at vanguard. I am maxing out a traditional 401k at work at Wells Fargo with Vanguard Target 2045. I am also investigating doing a mega backdoor. I am not sure what I should put in it. The natural choice is the short term bonds. However, those are kind of my secondary e...
by sschoe2
Thu Jul 27, 2017 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Is it still worth buying a house in a state with insane property taxes
Replies: 96
Views: 9263

Re: Is it still worth buying a house in a state with insane property taxes

Also frankly the city has nothing for me and I would not want to live there. I'd want to live closer to work or further away from the city... Bottom line in a state where the govt acts more like a crime syndicate that taxes people out of their homes for the benefit of the people in the govt I just ...
by sschoe2
Thu Jul 27, 2017 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Is it still worth buying a house in a state with insane property taxes
Replies: 96
Views: 9263

Re: Is it still worth buying a house in a state with insane property taxes

This is a tough question to give general answers to. You provide some hints as to your circumstances (marital status, children, occupation, etc.) and the factors you consider important, but a lot has to be assumed. single no children nor plans to have any occupation: Analytical Chemist in specializ...
by sschoe2
Thu Jul 27, 2017 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Is it still worth buying a house in a state with insane property taxes
Replies: 96
Views: 9263

Re: Is it still worth buying a house in a state with insane property taxes

Taxes on even a modest home can be $10k per year. At $10k per year in Chicago, the house would be around $800k. Perhaps this is the suburbs, which I believe generally have higher tax burdens than Cook County. If you are looking out in a collar county, come on in closer! Chicago itself does indeed h...
by sschoe2
Mon Jul 24, 2017 8:37 am
Forum: Personal Consumer Issues
Topic: State Farm vs Penn National- auto, renters, umbrella?
Replies: 58
Views: 5561

Re: Why does State Farm have poor reviews?

Never had too big of an issue with them. A few small claims over the years for minor other person at fault fender benders <$2k. Only issue is they don't put much effort collecting from the other party for such small amounts so you don't get your deductible back.
by sschoe2
Fri Jul 21, 2017 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Is it still worth buying a house in a state with insane property taxes
Replies: 96
Views: 9263

Re: Is it still worth buying a house in a state with insane property taxes

If a few thousand dollars in property taxes is what moves the purchase from being worth it to not worth than it was probably too marginal a benefit to take on the risks of ownership anyway. If a percent or so moves the decision from active management to passive index funds it probably isn't worth t...
by sschoe2
Mon Jul 17, 2017 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Is it still worth buying a house in a state with insane property taxes
Replies: 96
Views: 9263

Re: Is it still worth buying a house in a state with insane property taxes

yes I've seriously thought about leaving the state but finding a comparable job is not likely for myself. How do you know that? Are you tied directly into the Chicago mob or something? Very few jobs exist in one locality only. I have looked at other jobs in my profession. Most pay 30-50% less they ...
by sschoe2
Mon Jul 17, 2017 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Is it still worth buying a house in a state with insane property taxes
Replies: 96
Views: 9263

Re: Is it still worth buying a house in a state with insane property taxes

Property taxes aren't by state, though; I live in Illinois and pay less than half of that. I suspect you're looking at Chicago city and burbs there. Yes my job is in the west suburbs of Chicago. The trouble is the state pays very little to the schools or any other unit of local govt so that all com...
by sschoe2
Mon Jul 17, 2017 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Is it still worth buying a house in a state with insane property taxes
Replies: 96
Views: 9263

Re: Is it still worth buying a house in a state with insane property taxes

It's not like landlords are providing a charity and paying property taxes for you out of the goodness of their hearts. You are paying property taxes whether you rent or own. When you own the house, at least you get a line item bill that you can take as a tax deduction. Yes but if you get an apartme...
by sschoe2
Mon Jul 17, 2017 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Is it still worth buying a house in a state with insane property taxes
Replies: 96
Views: 9263

Is it still worth buying a house in a state with insane property taxes

The title kind of says it all. I currently rent from family in Illinois who I help take care of. The taxes here seem so out of control and insane that it seems to me as not to be worth it to purchase a home here. Taxes on even a modest home can be $10k per year in addition to mortgage interest, main...
by sschoe2
Mon Jul 17, 2017 7:44 am
Forum: Investing - Help with Personal Investments
Topic: Why Not REIT's?
Replies: 47
Views: 4590

Re: Why Not REIT's?

Reit payouts are very low compared to historical, e-commerce is killing a lot of malls, and mall visits are down even in some of the very popular ones. Reits just became the 11th sector in the Global Industry Classification System (S&P and MSCI joint venture) testifying that they are not an und...
by sschoe2
Wed Jul 12, 2017 9:03 am
Forum: Personal Finance (Not Investing)
Topic: My first poor Ally Bank experience
Replies: 25
Views: 4807

Re: My first poor Ally Bank experience

Way back in 2009 when they were GMAC bank I tried opening an account. I had just moved and they apparently had such trouble dealing with that fact despite my full cooperation that they finally just denied me a new account. I decided I didn't want those buffoons handing my money and never tried again...
by sschoe2
Wed Jul 12, 2017 8:56 am
Forum: Personal Consumer Issues
Topic: Shopping for first bike since I was a kid
Replies: 121
Views: 6737

Re: Shopping for first bike since I was a kid

My wife is bothered by vibration through the handle bars and consistently found the bikes with carbon fiber front forks to be more comfortable. Don't know how much of a difference it makes in the long run if you ride a lot. I personally hardly noticed the difference. Interesting. How about these sh...
by sschoe2
Tue Jul 11, 2017 6:29 pm
Forum: Personal Consumer Issues
Topic: Shopping for first bike since I was a kid
Replies: 121
Views: 6737

Re: Shopping for first bike since I was a kid

What is wrong with $99 - $200 bikes at target , Walmart or Kmart? I've been buying those my whole life and no issues with them. As someone who rides 100 miles rides and is a member of two bike clubs I'll bite. Department store bikes -made of cheap heavy steel. -One size fits all Fit is important. -...
by sschoe2
Tue Jul 11, 2017 10:48 am
Forum: Personal Consumer Issues
Topic: Coyote control
Replies: 66
Views: 4473

Re: Coyote control

Most mammals can be repelled using home made pepper spray which you can make out of hot peppers, oil, and dish detergent. I work in flavors so I just got some old capsicum oleoresin mixed it with canola oil, water and dish detergent, put it in a spray bottle. It worked great at getting rid of some s...
by sschoe2
Tue Jul 11, 2017 10:38 am
Forum: Investing - Help with Personal Investments
Topic: SPDR vs Vanguard ETF's
Replies: 7
Views: 428

Re: SPDR vs Vanguard ETF's

looking at portfolio backtester between VOO and SPY almost nothing. There is a .06% difference favoring VOO over 7 years perhaps from previous expense ratio differences. If you are holding it in a taxable account you might look at tax efficiency.
by sschoe2
Mon Jul 10, 2017 3:21 pm
Forum: Personal Consumer Issues
Topic: Cheap TV Set-up for Limited Daily Use
Replies: 71
Views: 4685

Re: Cheap TV Set-up for Limited Daily Use

I got a tuner for my large computer monitor. I don't watch much TV this way I have dual purpose and save space, electricity and money. I use HDhomerun but there are a a lot of decent tuners out there. The HDHomerun can network the TV everywhere via wifi.
by sschoe2
Sun Jul 09, 2017 6:36 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey's advice on investing?
Replies: 57
Views: 4615

Re: Dave Ramsey's advice on investing?

It has all been said. He gives great personal finance advice but a lot of people don't care at all for his investment advice, including myself. He pushes advisors that make money selling you front loaded funds. I don't think his personal finance advice is good. He preaches extreme debt aversion ins...
by sschoe2
Sun Jul 09, 2017 6:02 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey's advice on investing?
Replies: 57
Views: 4615

Re: Dave Ramsey's advice on investing?

It has all been said. He gives great personal finance advice but a lot of people don't care at all for his investment advice, including myself. He pushes advisors that make money selling you front loaded funds.
by sschoe2
Sat Jul 08, 2017 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: How much of an increase of salary would you expect before switching jobs?
Replies: 94
Views: 6668

Re: How much of an increase of salary would you expect before switching jobs?

If I could just get an equivalent job in terms of hour, salary, and benefits in another state I would go for it. I can't stand Illinois. Unfortunately that is unlikely so I am staying put for now and planning the get the heck out when I retire.
by sschoe2
Thu Jul 06, 2017 2:57 pm
Forum: Investing - Help with Personal Investments
Topic: Why Doesn't My 401(k) Pay Dividends?
Replies: 33
Views: 3080

Re: Why Doesn't My 401(k) Pay Dividends?

I assume any dividends are reinvested back into the funds for growth. 401k's are meant to grow not generate current income.
by sschoe2
Wed Jul 05, 2017 7:11 pm
Forum: Personal Consumer Issues
Topic: Expensive Car Repair, New Engine
Replies: 51
Views: 3742

Re: Expensive Car Repair, New Engine

Fuel filters can be a pain. Most new cars have them inside the fuel tank inside the fuel pump. Some cars have access hatches near the e-brake or rear seats others expect you to drop the tank which is difficult and expensive. Gas in the US is typically very clean and filtered already so it isn't expe...
by sschoe2
Wed Jul 05, 2017 11:30 am
Forum: Personal Consumer Issues
Topic: Brake Pads and Rotors for 2011 Benz C300 4Matic?
Replies: 43
Views: 2652

Re: Brake Pads and Rotors for 2011 Benz C300 4Matic?

I'd replace the rotors every other brake job. My Honda needed new front pads at 57k and I just replaced the pads and at 95k I replaced both pads and rotors.
by sschoe2
Wed Jul 05, 2017 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Those who max 401k
Replies: 55
Views: 6861

Re: Those who max 401k

The max is $18k/year. My salary is $82k so I do 21%(+4% match) of which 15% is traditional and 6% is roth. I am also thinking of doing $5k rothIRA since I am contributing $2k month to my taxable. Unless the $2k/month into taxable is earmarked for something pre-retirement, I would encourage you to p...
by sschoe2
Wed Jul 05, 2017 9:27 am
Forum: Personal Consumer Issues
Topic: Expensive Car Repair, New Engine
Replies: 51
Views: 3742

Re: Expensive Car Repair, New Engine

If a well maintained (ie oil changes and not abused) car's engine goes in less than 150k miles it is a defective Sh*tbox. Unless it is a fluke I'd dump the vehicle and avoid that brand in the future. Otherwise a junkyard engine plus labor should be about $2-3k
by sschoe2
Fri Jun 30, 2017 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Those who max 401k
Replies: 55
Views: 6861

Re: Those who max 401k

Just curious about all the people referring to $18K as their max contribution limit. Any reason not to contribute more on an after-tax basis, if you are already hitting the max. That would seem better than having to then turn to taxable as an an investment location. I don't understand. Do you mean ...
by sschoe2
Fri Jun 30, 2017 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Those who max 401k
Replies: 55
Views: 6861

Re: Those who max 401k

The max is $18k/year. My salary is $82k so I do 21%(+4% match) of which 15% is traditional and 6% is roth. I am also thinking of doing $5k rothIRA since I am contributing $2k month to my taxable.
by sschoe2
Tue Jun 27, 2017 2:39 pm
Forum: Investing - Help with Personal Investments
Topic: co-worker wants to pull out pension
Replies: 40
Views: 3731

Re: co-worker wants to pull out pension

Not a good idea unless it is an Illinois pension then yea I'd get out of there ASAP. I wouldn't even accept a job with the State of Illinois/Muni units unless the salary is so lucrative that it cancels out the fact I consider their pensions as a money pit with no return of principle nor interest.
by sschoe2
Tue Jun 27, 2017 10:50 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard 401k admin fees
Replies: 13
Views: 656

Re: Vanguard 401k admin fees

It is not out of line. Mine is with Well's Fargo and I believe it is $80.
by sschoe2
Sat Jun 24, 2017 6:23 pm
Forum: Investing - Help with Personal Investments
Topic: W2 Contract to Hire and Retirement Saving Options
Replies: 1
Views: 213

Re: W2 Contract to Hire and Retirement Saving Options

First off leaving a direct job for a "temp to hire" is a really bad idea. My profession (chemistry) is infested with them so I know. According to research done by the WE Upjohn Institute for Employment Research only 27% of temp to hire jobs ever become perm and only 18% of contract jobs ov...
by sschoe2
Mon Jun 19, 2017 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: What Car Should I Buy My Daughter as a Graduation Present
Replies: 150
Views: 9534

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: 74
Views: 7631

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: 3604

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.