Search found 45 matches

by wannabogle
Sat Sep 30, 2017 7:58 am
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance Beneficiary Question
Replies: 2
Views: 237

Term Life Insurance Beneficiary Question

What happens if you only have a single beneficiary on your term life insurance policy, and something happened to both of you? Would it go to someone based on your will even though their were no other beneficiary’s designated on the policy?
by wannabogle
Mon Aug 07, 2017 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Expectations
Replies: 4
Views: 889

Social Security Expectations

I'm set to retire in a couple years. SO has not worked in a long time. How much social security to expect?
by wannabogle
Mon Aug 07, 2017 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: When does renting make sense
Replies: 112
Views: 10165

When does renting make sense

When does renting a home make more sense than buying?
by wannabogle
Mon Aug 07, 2017 10:00 pm
Forum: Investing - Help with Personal Investments
Topic: Understanding Startup Equity
Replies: 2
Views: 400

Understanding Startup Equity

What are the best resources (books, websites, blogs) for learning about and managing/tracking multiple stock awards and options in private companies?
by wannabogle
Mon Aug 07, 2017 8:34 pm
Forum: Personal Consumer Issues
Topic: Startup vs big company (financial equity at stake)
Replies: 57
Views: 3845

Re: Startup vs big company (financial equity at stake)

Since I am on the east coast, all of your numbers are higher by an order of magnitude :-) I do have an issue with your exit price. If the company valuation is 250M now, in 4 years I would expect it to be at 4000M aka doubling every year if it wants to hit the IPO market. I might be overly generous ...
by wannabogle
Fri Aug 04, 2017 7:00 pm
Forum: Personal Consumer Issues
Topic: Startup vs big company (financial equity at stake)
Replies: 57
Views: 3845

Re: Startup vs big company (financial equity at stake)

Update!!! The founders arranged for me a meeting with one investor of the company today. The investor offered (still just informal discussion so far) me the possibility of buying from me some portion (or all) of my 0.7% vested and exercised shares at a discount of the current market value. In other...
by wannabogle
Tue Aug 01, 2017 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: $300k at 32. Doing well?
Replies: 14
Views: 3104

Re: How are they doing? $300k at 32

Well, at least it's a slight deviation from the usual "I have only eight billion dollars at 30, do you think I'm doing okay and will ever be able to retire?" posts. They are doing better than 99% of people - maybe not on this forum, but in the rest of the world. Tell them to stop worrying about how...
by wannabogle
Tue Aug 01, 2017 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: $300k at 32. Doing well?
Replies: 14
Views: 3104

Re: How are they doing? $300k at 32

runner540 wrote:Seems like a good trajectory. Can they max out the 401k? Saving $7k more would save ~2k on taxes.
Yes. It probably makes sense for them to direct an additional $5,500 towards their 401k instead of contributing it to a non deductible IRA.
by wannabogle
Tue Aug 01, 2017 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: $300k at 32. Doing well?
Replies: 14
Views: 3104

Re: How are they doing? $300k at 32

Asset Allocation: 90% Stock, 10% Bond (can stay the course during bear markets and severe dips) Hmmm ... at 32 years old, have they even seen a "bear market", let alone know how they'd act with 200k+ invested in 90% stock during one? That's what I said! They insist on being able to handle a bear ma...
by wannabogle
Tue Aug 01, 2017 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: $300k at 32. Doing well?
Replies: 14
Views: 3104

Re: How are they doing? $300k at 32

When you say they each contribute $5,500 to a "traditional IRA", is that a tax deductible IRA or non-deductible IRA? If one is "covered by a retirement plan at work" (401k, 403b, pension, etc.), then the ability to contribute to a tax deductible IRA starts to phase out when the adjusted gross incom...
by wannabogle
Mon Jul 31, 2017 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: $300k at 32. Doing well?
Replies: 14
Views: 3104

$300k at 32. Doing well?

Hey friends, A friend of ours would like to get a pulse on what the Bogleheads think of their progress so far. They're more interested in their net worth progression, savings rate, and general financial health than a portfolio review (which is heavily target date funds and low cost etf's and index f...
by wannabogle
Wed Jul 05, 2017 9:44 pm
Forum: Investing - Help with Personal Investments
Topic: Which Savings Account to Open?
Replies: 5
Views: 1068

Re: Which Savings Account to Open?

Should be fine with Ally or GS Bank. Or Amex Personal a savings especially if you have an Amex account already.
by wannabogle
Sat Jul 01, 2017 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Handling Auto gifting following death
Replies: 4
Views: 540

Re: Handling Auto gifting following death

If you don't want or need the cars, sell them. It seems that how you deal with your siblings is beyond the scope of this forum. More so wondering if legally, they're part of the estate since he passed and we didn't take care of this prior to his passing. Or if they're really mine since the intentio...
by wannabogle
Sat Jul 01, 2017 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Handling Auto gifting following death
Replies: 4
Views: 540

Handling Auto gifting following death

My father passed away recently but gifted the titles of his cars to me a month before. Since he was sick, we obviously couldn't go together to switch the titles but he signed the title over and filled out gift forms. Now that he's passed, the tag and title place says a letter of administration is ne...
by wannabogle
Wed Jun 28, 2017 8:41 pm
Forum: Personal Consumer Issues
Topic: Pre-owned Acura's... Value of 'Certified'?
Replies: 23
Views: 2613

Pre-owned Acura's... Value of 'Certified'?

I'm looking at buying a preowned Acura from a local dealership. Likely a 2012-2013 TSX, TL, or TLX with under 45,000 miles in the $25000-$35,000 price range.

How much value and emphasis should I put on 'Certified Pre-owned' vs. just pre-owned?
by wannabogle
Mon Jun 19, 2017 10:57 pm
Forum: Personal Consumer Issues
Topic: Old Stock Certificates
Replies: 3
Views: 742

Old Stock Certificates

Hi, We found a bunch of old stock certificates in my grandfathers name. Most are dated between 1950-1970. I have no idea what to do with them. Some companies include: * Mechanico Products * Erie Forge & Steel Corporation * Malco Wholesale * Autoscope * H.R. Weissberg Corporation * Consolidated Marin...
by wannabogle
Sat Jun 17, 2017 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Family Death in PA
Replies: 19
Views: 2010

Re: Family Death in MD

The title of the document is "General power of attorney and Designation of guardian of the property." The sister mentioned is named the "attorney in fact."
by wannabogle
Sat Jun 17, 2017 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Family Death in PA
Replies: 19
Views: 2010

Family Death in PA

My parents suddenly died. We found a POA but no will. It just states that one of the children is the power of attorney. She's responsible and most of us are happy about this but since there are half siblings involved, we're curious what the likely outcome of everything will be.
by wannabogle
Tue Jan 03, 2017 10:51 pm
Forum: Investing - Help with Personal Investments
Topic: Good time for VGPMX? [Vanguard Precious Metals And Mining]
Replies: 18
Views: 2353

Re: Good time for VGPMX?

I agree with what the the Bogleheads investment philosophy says about identifying promising market sectors to invest in, and deciding on good times to make the investments. By the way, "Vanguard precious metals" is not a good way to refer to it to the fund. The name of the fund is "V...
by wannabogle
Tue Jan 03, 2017 8:33 pm
Forum: Investing - Help with Personal Investments
Topic: Good time for VGPMX? [Vanguard Precious Metals And Mining]
Replies: 18
Views: 2353

Good time for VGPMX? [Vanguard Precious Metals And Mining]

Good time to buy VGPMX (Vanguard precious metals and mining)? Been 'down' for a while.
by wannabogle
Mon Jan 02, 2017 10:36 pm
Forum: Investing - Theory, News & General
Topic: Are Younger people funding 529 Plans?
Replies: 109
Views: 8986

Are Younger people funding 529 Plans?

I have a theory based on people I talk to in their mid20s-mid30s. 529 plan investing is not a priority. Anyone aware of recent data highlighting inflows to 529 Plans by age range? I'm having a hard time recommending they do it based on reasoning they're providing: -College is so expensive, my kid ma...
by wannabogle
Sat Dec 24, 2016 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Potential 1st Home Owner
Replies: 23
Views: 2413

Re: Potential 1st Home Owner

Be careful what you ask for. Home ownership isn't all that great and isn't necessarily a good investment. If you're buying a house (you have the cash) then it's an investment. If you're borrowing and paying with a loan, then that's the opposite of an investment. Good job saving $400k in retirement o...
by wannabogle
Sat Dec 24, 2016 8:59 am
Forum: Personal Consumer Issues
Topic: Coach bag for wife - how to buy
Replies: 73
Views: 6529

Re: Coach bag for wife - how to buy

Oh just go with her to buy it in person because she will really be happy with that, or if you want a great deal then buy it on a luxury resale site like Tradesy or Trendlee or Fashionphile.
by wannabogle
Sat Dec 24, 2016 8:56 am
Forum: Personal Finance (Not Investing)
Topic: CareCredit for medical expenses?
Replies: 6
Views: 800

Re: CareCredit for medical expenses?

Sorry to hear this. I wish you luck. CareCredit seems like it could be helpful for you, specifically the longer term financing on the really large purchases. It's worth applying for if you know you'll have a lot of medical expenses that insurance won't be covering. GoFundMe pages are helpful if you ...
by wannabogle
Sat Nov 12, 2016 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Asset Allocation for 35/yo's
Replies: 1
Views: 416

Asset Allocation for 35/yo's

What do you recommend?
by wannabogle
Mon Sep 28, 2015 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: How Do You Track Capital Improvements on Your House?
Replies: 25
Views: 2477

Re: How Do You Track Capital Improvements on Your House?

I started using Property Buddy (an iOS app) in addition to just tracking income & expenses in a spreadsheet. Property Buddy has potential but needs a little work before I trust it fully. It's nice because it allows you to add pictures (ex. Invoices) to expenses, generate/send receipts for rent p...
by wannabogle
Wed Jul 15, 2015 12:24 pm
Forum: Investing - Theory, News & General
Topic: Where do you put your cash?
Replies: 73
Views: 12877

Re: Where do you put your cash?

American Express has a .9% APY high yield savings account right now.
by wannabogle
Tue Jul 07, 2015 9:55 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard v.s. Betterment
Replies: 50
Views: 16666

Re: Vanguard v.s. Betterment

I'm a fan of both. I have an IRA at Betterment and a taxable account at Wealthfront. I've had both for about 2 years now. Both are working as advertised and have contributed greatly to my personal finance and investing knowledge growth over the past couple years (as has bogleheads forums and sugges...
by wannabogle
Tue Jul 07, 2015 9:45 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard v.s. Betterment
Replies: 50
Views: 16666

Re: Vanguard v.s. Betterment

Personally, I'm a big fan of both Betterment and Wealthfront and Vanguard. Both are working as advertised and have contributed greatly to my personal finance and investing knowledge growth over the past couple years (as has bogleheads forums and suggested books). If you're torn between the two, I'd ...
by wannabogle
Tue Jul 07, 2015 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Property Software
Replies: 10
Views: 1748

Rental Property Software

What software (or even workbook template) do you recommend for assisting with the management and accounting of a rental property? I'm a new landlord and want to make sure I'm tracking everything properly and maximizing tax deductions. Quicken's Rental Property Management offering looks nice but it's...
by wannabogle
Tue Jul 07, 2015 9:29 pm
Forum: Personal Consumer Issues
Topic: Productivity Apps that you pay for
Replies: 21
Views: 2394

Re: Productivity Apps that you pay for

There's like 89 to do list apps. I've tried 14 and all work just fine.
by wannabogle
Tue Jul 07, 2015 4:04 pm
Forum: Investing - Theory, News & General
Topic: "Helping Your Parents Financially"
Replies: 62
Views: 10102

Re: "Helping Your Parents Financially"

I'm definitely taking the stance that he mentions at the end: "An ounce of prevention is worth a pound of cure." As someone in my 30s with parents in their mid-50s, this article is very relevant. 2 months ago I began diving into the details of their finances to determine how much help I m...
by wannabogle
Tue Jul 07, 2015 4:00 pm
Forum: Investing - Theory, News & General
Topic: "Helping Your Parents Financially"
Replies: 62
Views: 10102

Re: "Helping Your Parents Financially"

As someone in my mid-50s with children in their 20s, I urge humility on younger forum participants who may think that their parents who are my age are old and doddering. I understand the concern about not wanting to have to support your parents in their old age, we had to help support my mother-in-...
by wannabogle
Mon Jul 06, 2015 10:24 am
Forum: Investing - Theory, News & General
Topic: "Helping Your Parents Financially"
Replies: 62
Views: 10102

Re: "Helping Your Parents Financially"

I'm definitely taking the stance that he mentions at the end: "An ounce of prevention is worth a pound of cure." As someone in my 40s with parents in their 60s, this article is very relevant. 18 months ago I began diving into the details of their finances to determine how much help I may n...
by wannabogle
Mon Jun 15, 2015 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Pre-Retirement Guidance
Replies: 18
Views: 2645

Re: Pre-Retirement Guidance

Any additional thoughts on an annuity and/or long term care insurance for this situation?
Thanks!
by wannabogle
Fri May 29, 2015 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Pre-Retirement Guidance
Replies: 18
Views: 2645

Re: Pre-Retirement Guidance

I might have missed it, but what are your expected expenses? The target nest egg amount it seems to me is highly dependent on your expenses. A $1million portfolio with someone with $40,000 of annual expenses is quite different with someone with $100,000 of expenses. In my mind it would be hard to p...
by wannabogle
Fri May 29, 2015 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Pre-Retirement Guidance
Replies: 18
Views: 2645

Re: Pre-Retirement Guidance

My income has fluctuated pretty drastically throughout my life. Some years pretty high and some pretty low. I've also experienced one decent size liquidation event ($500k). My wife has not worked for the majority of her life. I'd love help learning how to estimate our SS so we can manage our expect...
by wannabogle
Fri May 29, 2015 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Pre-Retirement Guidance
Replies: 18
Views: 2645

Re: Pre-Retirement Guidance

Have you looked at your Social Security benefit? If you were retiring this year with average indexed annual earnings of $115,000, you'd have a PIA of about $33,000. I assume you'd get a similar inflation adjusted amount for your actual full retirement age (which appears to be 67). You could increas...
by wannabogle
Fri May 29, 2015 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Pre-Retirement Guidance
Replies: 18
Views: 2645

Re: Pre-Retirement Guidance

Two items to talk about. For social security, delaying taking until age 70 is the optimum strategy for you. File and suspend at your full retirement age (66?) and then when your wife hits FRA she applies for her spousal 50% benefit. If you die first, then she gets a step to your full age 70 benefit...
by wannabogle
Fri May 29, 2015 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Pre-Retirement Guidance
Replies: 18
Views: 2645

Re: Pre-Retirement Guidance

Can I ask why you're using a Roth 401k? Particularly when you have Roth IRA accounts already, and (from appearances) you're going to be in a lower tax bracket in retirement? Presumably, your employer offers an option to either use a traditional 401k (which is pre-tax money, thereby avoiding the 25%...
by wannabogle
Fri May 29, 2015 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Pre-Retirement Guidance
Replies: 18
Views: 2645

Re: Pre-Retirement Guidance

I think you should contribute the maximum possible to the 401(k) which is probably more than 6% of income. If you think that is too much money and you will not be able to pay your expenses if you contribute the $24,000 that you are allowed to contribute, then think again: You can just spend money f...
by wannabogle
Thu May 28, 2015 7:59 am
Forum: Personal Finance (Not Investing)
Topic: Pre-Retirement Guidance
Replies: 18
Views: 2645

Re: Pre-Retirement Guidance

I think you should contribute the maximum possible to the 401(k) which is probably more than 6% of income. If you think that is too much money and you will not be able to pay your expenses if you contribute the $24,000 that you are allowed to contribute, then think again: You can just spend money f...
by wannabogle
Wed May 27, 2015 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Pre-Retirement Guidance
Replies: 18
Views: 2645

Pre-Retirement Guidance

A married couple in their mid-50s living in the northeast needs guidance with their plans for the next 10 years. Any advice is appreciated!!!! Situation -1 spouse expects to work until age 65. 1 spouse has never worked. -Mortgage at 3.15% has 10 years remaining. Conservatively have about $130k in eq...