Search found 976 matches

by wolf359
Tue Jun 20, 2017 10:52 am
Forum: Personal Consumer Issues
Topic: Alternatives to Amazon
Replies: 76
Views: 4885

Re: Alternatives to Amazon

Amazon can also deliver to lockers if you don't want them going to your house. I use that for high dollar cost items or things that might walk off. They also never seem to get the wrong address when they're using a locker. I consider lockers to be the Amazon equivalent of in-store deliver such as of...
by wolf359
Fri Jun 16, 2017 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Is it worth moving for a better public high school?
Replies: 32
Views: 2106

Re: Is it worth moving for a better public high school?

It's worth moving if there's something wrong with your high school. However, if you already have a decent to excellent high school, I wouldn't change just for the sake of an improved ranking. Your child's academic future depends much more on your child, his/her study habits, grades, friends, attitud...
by wolf359
Thu Jun 15, 2017 2:02 pm
Forum: Personal Consumer Issues
Topic: Finishing Basement - financing?
Replies: 10
Views: 956

Re: Finishing Basement - financing?

Another question about flooring, I have read so many people against putting carpet, but I feel anything other than carpet will not feel warm and cozy. I also don't have plumbing rough ins but am thinking of getting those toilets that don't require drilling a hole. Anyone here has any experience wit...
by wolf359
Thu Jun 15, 2017 2:00 pm
Forum: Personal Consumer Issues
Topic: Finishing Basement - financing?
Replies: 10
Views: 956

Re: Finishing Basement - financing?

tin369 wrote: I also don't have plumbing rough ins but am thinking of getting those toilets that don't require drilling a hole. Anyone here has any experience with that?


What's that, a bucket you can empty? A composting toilet? An outhouse? :(
by wolf359
Thu Jun 15, 2017 9:35 am
Forum: Investing - Help with Personal Investments
Topic: self-directed Roth IRA for minority share in real estate
Replies: 3
Views: 226

Re: self-directed Roth IRA for minority share in real estate

Hi, I am going to invest as a minority (15%) owner in a real estate LLC that was recently set up to buy an office for $700K (my investment would be $100K). The real estate LLC has four partners, two of whom are the owners of a business that is going to be the tenant for the office. I trust the thre...
by wolf359
Tue Jun 13, 2017 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 226
Views: 34394

Re: Regret early retirement/downsizing

I may be a little out of the norm here, but as a thirty year old who was always told (by parents growing up and then by wife after marriage) that I cannot play so much video games, I cannot possibly imagine being bored after retirement....I will finally have all the time in the world to play all th...
by wolf359
Tue Jun 13, 2017 9:00 am
Forum: Investing - Theory, News & General
Topic: Roth 401k > Traditional 401k
Replies: 58
Views: 3266

Re: Roth 401k > Traditional 401k

If you have a Roth 401k option at work, is that capped at $5.5k or 18K as traditional? The Roth 401k should have the same limits as the normal 401k, or $18,000 in total. Individual plans may vary, but I haven't heard of one varying that aspect. That's something I found misleading. They're using a $...
by wolf359
Tue Jun 13, 2017 8:40 am
Forum: Investing - Theory, News & General
Topic: Favorite Feature of Vanguard Website?
Replies: 64
Views: 4653

Re: Favorite Feature of Vanguard Website?

My favorite feature is the fact that they introduced two factor authentication. It always made me nervous to have so much of my net worth there when they only protected it with a password. Make sure you enable that feature. Now I wish they would allow the option to use a more secure second factor, l...
by wolf359
Tue Jun 13, 2017 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 226
Views: 34394

Re: Regret early retirement/downsizing

I may be a little out of the norm here, but as a thirty year old who was always told (by parents growing up and then by wife after marriage) that I cannot play so much video games, I cannot possibly imagine being bored after retirement....I will finally have all the time in the world to play all th...
by wolf359
Fri Jun 09, 2017 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 226
Views: 34394

Re: Regret early retirement/downsizing

This is my beef with the word "retired" as used by, say, Mr. Money Mustache. I prefer "financially independent". kathyauburn could of course have done writing, music, publishing, and countless other things as paid endeavors at 24 as many artists do. If she was financially indepe...
by wolf359
Fri Jun 09, 2017 3:33 pm
Forum: Investing - Theory, News & General
Topic: Does anyone feel they missed out on AMZN, NFLX,TSLA?
Replies: 103
Views: 6426

Re: Does anyone feel they missed out on AMZN, NFLX,TSLA?

Tech crash cured me of this feeling. I did not miss out on Cisco, WorldCom, Qualcomm, or CMGI. I caught them and rode them up and into a buzzsaw. At least I made money on Cisco. It only took 15 years for it to recover. Some of my holdings from that time period did well, but now I recognize that it w...
by wolf359
Fri Jun 09, 2017 3:23 pm
Forum: Investing - Help with Personal Investments
Topic: Current 401k with Huge Fees, Anything I can do?
Replies: 20
Views: 1067

Re: Current 401k with Huge Fees, Anything I can do?

damageprone- Contribute the max to both your 401K and your Roth IRA, as you have suggested you can. Of course your plan is terrible and you should do all you can to change it. In the meantime contribute all you can to it. Why? Because contributing lowers your taxable income. Because it's an easy au...
by wolf359
Thu Jun 08, 2017 8:11 am
Forum: Investing - Theory, News & General
Topic: Retirees: What are you doing about withdrawing?
Replies: 31
Views: 4115

Re: Retirees: What are you doing about withdrawing?

Any big ticket items (such as we had done to our home this week for the tune of $14k) are handled in the same way. Withdrawals are made and FIT paid at the same time. You just gave me an interesting thought. When adding a large amount of money to your portfolio, the standard advice is to invest it ...
by wolf359
Wed Jun 07, 2017 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: Financially independent and then market crashes?
Replies: 54
Views: 5803

Re: Financially independent and then market crashes?

I'm just curious about this topic when I see people retiring in their 30's and 40's without a pension and they aren't old enough to take social security. So, if someone has reached financial independence and has 25x's plus their annual spending needs but then the market crashes and wipes out 25%+ o...
by wolf359
Wed Jun 07, 2017 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: Can I tax loss harvest and then buy the same thing again?
Replies: 14
Views: 713

Re: Can I tax loss harvest and then buy the same thing again?

I don't reinvest dividends anyway, I don't like to have a lot of tiny batches everywhere. I don't want to move from VTI to VOO and make a mess either, though, so I guess I won't harvest losses unless it's worth losing that 1%ish time in the market value. It's worth trying once if you have the oppor...
by wolf359
Thu Jun 01, 2017 9:58 pm
Forum: Personal Consumer Issues
Topic: Changing Car Cabin Air Filter - after how much time
Replies: 45
Views: 2287

Re: Changing Car Cabin Air Filter - after how much time

Change it when it's dirty. If it's not dirty, leave it alone.

Also, sign and date it. If the dealer takes it out to show you it's dirty, make sure they didn't switch it on you.

Changing your own filters is the easiest way to save a hundred dollars or more. Then take the savings and invest it.
by wolf359
Thu Jun 01, 2017 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: Predicted 4% return over next decade. What do you do now?
Replies: 71
Views: 6604

Re: Predicted 4% return over next decade. What do you do now?

Just wondering... with Jack Bogle predicting a 4% stock market return over the next decade, I was just wondering what bogleheads were doing with their portfolios to increase their returns. Are people investing a little more in more riskier assets like small caps and emerging markets? What else can ...
by wolf359
Wed May 31, 2017 11:09 am
Forum: Personal Consumer Issues
Topic: Lojack?
Replies: 13
Views: 840

Re: Lojack?

Hi all, I've been reading about several carjacking recently where the children were still inside. Has anyone used Lojack (or any other service) and would you recommend it? How is the cost like? Thanks. LoJack and OnStar are locator services that attempt to recover your car after it has been stolen....
by wolf359
Wed May 31, 2017 9:14 am
Forum: Investing - Help with Personal Investments
Topic: How to save for big ticket items?
Replies: 4
Views: 487

Re: How to save for big ticket items?

(This is my approach, not a general Boglehead method). If you had to take out a car loan because you didn't have the money for a car, how much would you have to pay? Set up an automated payment for that amount and send it to a designated account. When it reaches the appropriate amount, you have enou...
by wolf359
Wed May 31, 2017 7:56 am
Forum: Personal Finance (Not Investing)
Topic: What do you guys do on the side?
Replies: 165
Views: 22806

Re: What do you guys do on the side?

My recommendation would be to avoid "side hustles" that require grammar skills , like writing or teaching grammar to elementary school students and many in the audience here are ladies and so addressing this to the "guys" here might be misunderstood . Lol... I have edited the or...
by wolf359
Tue May 30, 2017 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance options
Replies: 33
Views: 3161

Re: Umbrella Insurance options

When I decided to get umbrella insurance I went to the two companies I dealt with, one for home and the other for auto. I got quotes from both and picked the one who was a little cheaper. You'll probably want to, maybe have to, use the same company for your auto and/or home insurance. At least you'...
by wolf359
Tue May 30, 2017 1:19 pm
Forum: Personal Consumer Issues
Topic: Do I deserve it? [A new car]
Replies: 69
Views: 5171

Re: Do I deserve it?

If my kid was getting subsidized living expenses by living with me, and he bought a new car, I would conclude that it is time for him to move out. Clearly, he doesn't need the support anymore. Parents want their kids to be independent, successful adults. Prioritize independence and making responsibl...
by wolf359
Thu May 25, 2017 11:03 am
Forum: Investing - Help with Personal Investments
Topic: Emergency Fund too large
Replies: 29
Views: 4574

Re: Emergency Fund to large

Reduce your emergency fund to $50,000. Ally 2-year CD is fine, as is TIPS to keep ahead of inflation. For the remaining $300,000, invest it 60/40. If you want to keep it in a separate account from your main investment accounts, do so. Open another account with a different low-cost broker. There's a ...
by wolf359
Thu May 25, 2017 10:01 am
Forum: Investing - Theory, News & General
Topic: Bloomberg hit piece - Vanguard's Irritating Perch on the Moral High Ground
Replies: 46
Views: 6284

Re: Bloomberg hit piece - Vanguard's Irritating Perch on the Moral High Ground

https://www.philanthropy.com/article/As-the-Economy-Heats-Up/152597 It turns out that everybody who works at declared, legitimate non-profit organizations, don't work there for free, either. According to this article from 2014, 18 non-profit CEOs were paid over $2 million. The presence of paid emplo...
by wolf359
Thu May 25, 2017 6:54 am
Forum: Investing - Help with Personal Investments
Topic: Quickest Path to Financial Independence
Replies: 27
Views: 4392

Re: Quickest Path to Financial Independence

The path to Financial Independence involves four items. The quickest path is to take all four simultaneously. 1) Reduce Expenses. 2) Increase Income. 3) Change your definition of Financial Independence. 4) Invest wisely. 1) REDUCE EXPENSES. Every dollar you spend is after-tax. Every dollar in income...
by wolf359
Wed May 24, 2017 10:27 am
Forum: Investing - Theory, News & General
Topic: The dot com "do over" bull market?
Replies: 82
Views: 7934

Re: The dot com "do over" bull market?

[quote="TheTimeLord] Ramping up production of the Model 3 sedan, which has a waiting list of about 400,000 people who each put down a $1,000 reservation fee , poses a considerable engineering challenge for the company. Equity analysts generally have mixed views on whether the new car will launc...
by wolf359
Wed May 24, 2017 10:14 am
Forum: Investing - Help with Personal Investments
Topic: When should my MIL take SS?
Replies: 5
Views: 514

Re: When should my MIL take SS?

She has no retirement savings. She is currently just barely getting by, which implies that she won't be building a big nest egg in the next 5 years. She should pull her current Social Security statement and get an estimate of what her benefit will be today, at Full Retirement Age, and at 70. Since s...
by wolf359
Wed May 24, 2017 9:49 am
Forum: Investing - Theory, News & General
Topic: The dot com "do over" bull market?
Replies: 82
Views: 7934

Re: The dot com "do over" bull market?

What am I missing? Where is the bubble? If valuations are high, where are the corresponding bad business models that usually accompany unsustainable bubbles? Tesla is currently producing 84,000 cars a year. Ford is currently producing 7 million. Tesla has annual revenues of $7 billion. Ford has ann...
by wolf359
Wed May 24, 2017 8:34 am
Forum: Investing - Help with Personal Investments
Topic: My dad is taking Social Security at 62, why would anyone not? (If they already quit working)
Replies: 114
Views: 14948

Re: My dad is taking Social Security at 62, why would anyone not? (If they already quit working)

This is also the main reason that I am planning to buy an annuity sometime between 70 and 80 if I'm still here (I'm a few decades away still) with at least some of the portfolio. I'm in this boat. There's a product called QLAC annuities which are pretty new, and there hasn't been much discussion on...
by wolf359
Tue May 23, 2017 11:09 am
Forum: Investing - Help with Personal Investments
Topic: Starting a 529 with no children on the horizon?
Replies: 15
Views: 1083

Re: Starting a 529 with no children on the horizon?

Don't do it if there's no advantage to doing it. All you'd be doing is saddling yourself with restrictions.
by wolf359
Tue May 23, 2017 9:26 am
Forum: Investing - Help with Personal Investments
Topic: SEP IRA vs. investment account
Replies: 8
Views: 526

Re: SEP IRA vs. investment account

Also, being that this money is "gift" money, it is not counted as taxable income as I understand it (correct me if I'm wrong). Would that make a difference when deciding between SEP IRA vs. Individual 401K? I know that money put into SEP accounts is tax deductible, but if it isn't earned ...
by wolf359
Mon May 22, 2017 6:38 pm
Forum: Investing - Help with Personal Investments
Topic: Do you keep extra money available for investing
Replies: 37
Views: 3389

Re: Do you keep extra money available for investing

Well, I have a spending fund that we use to save up for vacations or a replacement car. If the market tanked significantly, we'd consider putting off our spending goals and invest. This requires my DW to agree. If our jobs also got shaky, the money would stay as cash if we thought it might be needed...
by wolf359
Mon May 22, 2017 11:39 am
Forum: Investing - Theory, News & General
Topic: Who's into Bitcoin, Altcoins, ICO etc?
Replies: 49
Views: 3537

Re: Who's into Bitcoin, Altcoins, ICO etc?

I just took this screenshot; here's the market right now, hitting an all time high as I post. I get the concerns, and it's correct that Bogleheads are the ones voicing them. But saying "tulips" and walking away is doing an intellectual disservice to something that could have a profound im...
by wolf359
Fri May 19, 2017 8:51 pm
Forum: Investing - Help with Personal Investments
Topic: I'm having a freak-out moment (portfolio question)
Replies: 24
Views: 2537

Re: I'm having a freak-out moment (portfolio question)

The people who feel compelled to save a million dollars or more also have no pension. Your pension alone is worth what it would cost to buy an immediate annuity at the appropriate income level. (You'll have to price that one yourself, since you don't provide sufficient information. Try a site like h...
by wolf359
Fri May 19, 2017 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Delay SS, but claim if market plunges
Replies: 49
Views: 4243

Re: Delay SS, but claim if market plunges

This strategy allows me to use SS as an insurance against the bad sequence of returns issue. This was my exact Plan B plan when I retired as well. I still don't see anything wrong with it. I think of the entire concept of delaying Social Security in order to get the larger benefit as the insurance ...
by wolf359
Fri May 19, 2017 10:38 am
Forum: Investing - Help with Personal Investments
Topic: Convince me to get back into stocks!
Replies: 83
Views: 5967

Re: Convince me to get back into stocks!

If you want to get in and are still nervous, try one of the following strategies: 1) Dollar cost average in. The math doesn't work, but it's more comforting psychologically if the market plummets right after you invest. Just divide your stash into 3 equal parts, and invest each part once a month. In...
by wolf359
Fri May 19, 2017 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Delay SS, but claim if market plunges
Replies: 49
Views: 4243

Re: Delay SS, but claim if market plunges

This strategy allows me to use SS as an insurance against the bad sequence of returns issue. This was my exact Plan B plan when I retired as well. I still don't see anything wrong with it. I think of the entire concept of delaying Social Security in order to get the larger benefit as the insurance ...
by wolf359
Fri May 19, 2017 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Delay SS, but claim if market plunges
Replies: 49
Views: 4243

Re: Delay SS, but claim if market plunges

Can't you "pay back" your social security and reset your clock? My father did then when he went back to work, I honestly don't know if it's still a possibility. Also, you could always suspend and start collecting credits again, so the impact would be somewhat muted in this case. On these ...
by wolf359
Thu May 18, 2017 6:03 pm
Forum: Investing - Theory, News & General
Topic: The Case for Dividend Stocks in Retirement (article)
Replies: 92
Views: 9998

Re: The Case for Dividend Stocks in Retirement (article)

I totally get the mathematical point that the distinction between spending dividends and selling shares is an artificial one. But what does the behavioral psychology research say about it? To me it seems easier to stick to a "spend the dividends" plan than to stick to a "sell as much...
by wolf359
Thu May 18, 2017 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Question for you high net worth individuals... [real estate investments]
Replies: 82
Views: 10456

Re: Question for you high net worth individuals...

Do you realize that you're asking this question on a board that's pretty much dedicated to index funds, or at least low cost investing? My guess is that you'll get a lot of people responding if you asked this question on a real estate forum like Bigger Pockets. It might also be interesting to ask th...
by wolf359
Thu May 18, 2017 11:26 am
Forum: Investing - Theory, News & General
Topic: The Case for Dividend Stocks in Retirement (article)
Replies: 92
Views: 9998

Re: The Case for Dividend Stocks in Retirement (article)

If the cow is growing at 2lbs/yr and your eating 1 lb/yr, how many years will it take to consume the cow? "The math is such that a person living from dividend stocks ends up in the same place as a person selling shares, provided that the total returns of the two portfolios are exactly the same...
by wolf359
Thu May 18, 2017 11:19 am
Forum: Investing - Help with Personal Investments
Topic: Forced Retirement
Replies: 28
Views: 2872

Re: Forced Retirement

I'm actually trying to figure out where the income stream of $110,000 comes from. Is this before or after taxes? that seems like a lot, or at least a "desired" stream, not "necessary" stream. I'd like that in retirement, too, but you really need something north of $1.5M to suppo...
by wolf359
Thu May 18, 2017 10:56 am
Forum: Personal Finance (Not Investing)
Topic: 401k excess contribution/highly compensated employee
Replies: 17
Views: 1077

Re: 401k excess contribution/highly compensated employee

even though it only feels like it's punishing the HCE's. It is. The intent is to encourage the company offer a less crappy plan so that more non-HCEs will participate. Unfortunately, many companies seem to be unconcerned with being told their plan is crappy. The HCEs usually include management and/...
by wolf359
Thu May 18, 2017 10:45 am
Forum: Investing - Help with Personal Investments
Topic: 100% VTSAX need advice [Vanguard Total Stock Market]
Replies: 65
Views: 7274

Re: 100% VTSAX need advice

When you say 100% VTSAX, there are two elements to that. 100% stock? All VTSAX? If you're a Dividend Growth investor, were you following the traditional path and buying those individual stocks in taxable accounts? If so, you may want to rethink before you change strategies. There's a tax cost to sel...
by wolf359
Thu May 18, 2017 8:54 am
Forum: Investing - Theory, News & General
Topic: Best argument you've heard against passive/for active?
Replies: 49
Views: 4220

Re: Best argument you've heard against passive/for active?

The best argument I've heard is: If you're going to invest in an index fund, you're going to get market returns. The only chance you have of beating the market is to invest in an active fund. A variation: If you invest in the market averages, you get average returns. Why are you settling for average...
by wolf359
Thu May 18, 2017 7:42 am
Forum: Investing - Help with Personal Investments
Topic: Article: "Our emergency fund is exactly $0.00"
Replies: 73
Views: 7674

Re: Article: "Our emergency fund is exactly $0.00"

The principle behind an emergency fund is that you have it so that if an emergency comes up, you don't have to go into debt or interrupt your investing. In other words, the emergency doesn't throw your financial life off track. The author of the article is financially independent, and has a high eno...
by wolf359
Wed May 17, 2017 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Delay SS, but claim if market plunges
Replies: 49
Views: 4243

Re: Delay SS, but claim if market plunges

I am planning on delaying SS to 70 for longevity insurance for myself or my spouse. This means that I will be depleting my portfolio faster initially. Since the biggest threat to a portfolio is a bad sequence of returns early on in retirement, my delaying SS to 70 would exacerbate such a bad sequen...
by wolf359
Wed May 17, 2017 12:53 pm
Forum: Investing - Help with Personal Investments
Topic: What if I have enough money?
Replies: 22
Views: 4370

Re: What if I have enough money?

What are your expenses? Do you have any retirement accounts, or is everything in taxable? Your investments are currently invested like someone who values cash flow. Your comments sound like you think retiring without having the cash flow makes you nervous. Your move towards collecting social securit...
by wolf359
Mon May 15, 2017 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance: How Early Is Too Early?
Replies: 14
Views: 1169

Re: Life Insurance: How Early Is Too Early?

Car insurance rates are really low right now. I want to buy car insurance, but I don't own a car right now. In fact, I'm not sure when I'll own a car because I'm not even planning on buying a car in the near future. ... But maybe I will. This, of course, is ludicrous. Why does it make more sense whe...
by wolf359
Mon May 15, 2017 8:17 pm
Forum: Investing - Theory, News & General
Topic: Obtaining 2 Roth IRAs
Replies: 12
Views: 909

Re: Obtaining 2 Roth IRAs

Well, sure, it could work. If you stay within the rules for her having earned income, and she's not contributing to her IRA but is allowed to. If you gift her the money and she puts it into a Roth IRA and doesn't exceed her limits, this should work. An easier way to go about this is to get a job wit...

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