Search found 1323 matches

by LiterallyIronic
Wed Nov 13, 2019 3:41 pm
Forum: Personal Consumer Issues
Topic: Disney plus streaming deal
Replies: 12
Views: 1537

Re: Disney plus streaming deal

Is there a way to see what's available now without subscribing? Here you go: https://whatsondisneyplus.com/library/ Anyone give Disney Plus a try yesterday? I did the $3.92/month deal because it was too good of a price to pass up. That being said, I haven't done Netflix or any other streaming servi...
by LiterallyIronic
Wed Nov 13, 2019 10:41 am
Forum: Personal Investments
Topic: How to combine finances with your spouse? Recently married/early30s
Replies: 65
Views: 3874

Re: How to combine finances with your spouse? Recently married/early30s

It sounds like your protecting your savings while you test out the waters? If your not comfortable putting his name on the account to, don’t get married. Couples today often approach marriage in a much different way. High divorce rates can make this a reasonable approach if both agree. Not how we d...
by LiterallyIronic
Tue Nov 12, 2019 10:41 am
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 176
Views: 13219

Re: Spend It All vs. Leave $$ for the Kids

Assuming you don't have a child with special needs who obviously will require assistance down the road, what are your thoughts? My dad always tell us (his kids) that we should expect about four dollars of inheritance. And I hope he's right. I have a lot of memories of my dad (and mom, for that matt...
by LiterallyIronic
Fri Nov 08, 2019 12:28 pm
Forum: Personal Investments
Topic: SEP-IRA and its relationship to other IRAs
Replies: 11
Views: 445

Re: SEP-IRA and its relationship to other IRAs

Because it's not his money, it's the employer's money, going into the SEP (he's an employee not the owner). If there's a deduction, it may be that it's going to his IRA. It's hard to tell from the OP, though, it sounds like the employer may have ginned up his pay somehow (?) and then contributed th...
by LiterallyIronic
Fri Nov 08, 2019 12:09 pm
Forum: Personal Investments
Topic: SEP-IRA and its relationship to other IRAs
Replies: 11
Views: 445

Re: SEP-IRA and its relationship to other IRAs

Agree with the others - contributions to a SEP IRA are done by the employer, not the employee. The employer decides how much (subject to IRS limits). Your brother may be contributing to a traditional IRA or Roth IRA through payroll deduction - thinking that is going into the SEP IRA, but it is not....
by LiterallyIronic
Fri Nov 08, 2019 10:32 am
Forum: Personal Investments
Topic: SEP-IRA and its relationship to other IRAs
Replies: 11
Views: 445

SEP-IRA and its relationship to other IRAs

So, my brother's employer offers a SEP-IRA instead of a 401k. He tells me that his employer puts money into his SEP-IRA, to the tune of 20% of his income. That is to say, he gets "paid" 20% more than his actual salary, but that 20% goes directly in the SEP-IRA. My brother was complaining yesterday t...
by LiterallyIronic
Thu Nov 07, 2019 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage to prepay or not prepay
Replies: 81
Views: 5842

Re: Mortgage to prepay or not prepay

Where would you say the consensus is for Bogleheads who have maxed all tax advantaged accounts with 2019 tax laws for prepaying mortgage over taxable investing? Is it 50:50? 60:40 in one direction or another, etc? If there were a poll, what would you guess the results? I would guess that more than ...
by LiterallyIronic
Wed Nov 06, 2019 2:18 pm
Forum: Personal Consumer Issues
Topic: Spectrum Internet has a good scam going
Replies: 59
Views: 6898

Re: Spectrum Internet has a good scam going

Internet access is a critical service, close to as critical as electricity. While I agree that they should be required to prorate the bill, come on. Internet is a critical service? I can't even recall the last time I used the Internet for something important. Not being able to surf Reddit, check e-...
by LiterallyIronic
Wed Nov 06, 2019 12:29 pm
Forum: Personal Consumer Issues
Topic: Spectrum Internet has a good scam going
Replies: 59
Views: 6898

Re: Spectrum Internet has a good scam going

Internet access is a critical service, close to as critical as electricity. While I agree that they should be required to prorate the bill, come on. Internet is a critical service? I can't even recall the last time I used the Internet for something important. Not being able to surf Reddit, check e-...
by LiterallyIronic
Mon Nov 04, 2019 12:38 pm
Forum: Personal Investments
Topic: How much money is really needed in retirement?
Replies: 74
Views: 9150

Re: How much money is really needed in retirement?

I get the feeling retirement advice from the "pros" is too simplistic. E.g. "by age 40, you should have 3x your income in retirement savings". Indeed. I hate those charts. They say 1x by 30, 2x by 35, 3x by 40, etc. I didn't have 1x at 30. I don't have 2x at 35. But I'm still on track to retire at ...
by LiterallyIronic
Fri Nov 01, 2019 6:19 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1012
Views: 137387

Re: Post your Financial Milestone Announcements Here

We finally hit $100k invested! Took me until age 35 and nearly three years after completing school. Charlie Munger was right: https://fourpillarfreedom.com/charlie-munger-the-first-100000-is-a-btch/ $10k was hit in May 2014, about a year after I started my CS degree. $20k in May 2015. $30k in Septem...
by LiterallyIronic
Fri Nov 01, 2019 9:49 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12340
Views: 2126649

Re: U.S. stocks in free fall

Stocks falling as October gives way to November? Who could've predicted this? Of course it dropped today. It's the first of the month. Just like it always does, seemingly. Want to know why? Because I check my net worth on the first of every month and, of course, it's always going to be a down day s...
by LiterallyIronic
Thu Oct 31, 2019 11:18 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12340
Views: 2126649

Re: U.S. stocks in free fall

Stocks falling as October gives way to November? Who could've predicted this? Of course it dropped today. It's the first of the month. Just like it always does, seemingly. Want to know why? Because I check my net worth on the first of every month and, of course, it's always going to be a down day so...
by LiterallyIronic
Tue Oct 29, 2019 12:18 pm
Forum: Personal Investments
Topic: What should a mid 30s Asset Allocation be?
Replies: 45
Views: 2295

Re: What should a mid 30s Asset Allocation be?

So one of the things I think about is what should my AA be. As a background I have a net worth of $2.5 million and a low 7 figure income. About 1/3 of my worth is in a commercial building and the rest is in VTSAX. I'm thinking that I should start putting some money into bonds but I'm hesitant due t...
by LiterallyIronic
Tue Oct 29, 2019 12:04 pm
Forum: Personal Investments
Topic: [Employer Retirement Plan Change]
Replies: 49
Views: 4370

Re: No more Vanguard... wow

Wait, why do they have two? And would that one be actually compared to Vanguard's here: https://investor.vanguard.com/mutual-funds/profile/VTRLX, with 0.09% expense ratio? VTRLX is the Vanguard Institutional Target Retirement 2050 Fund with an ER of 0.09% but with a minimum of $100M . It's offered ...
by LiterallyIronic
Tue Oct 29, 2019 11:09 am
Forum: Personal Investments
Topic: [Employer Retirement Plan Change]
Replies: 49
Views: 4370

Re: No more Vanguard... wow

Vanguard charges for index funds. Fidelity offers zero cost index funds. Vanguard charges for stock trades. Fidelity offers zero cost stock trades. Need any more clarification? From what I'm seeing Vanguard Target Retirement 2050 Fund has an expense ratio of 0.15%: https://investor.vanguard.com/mut...
by LiterallyIronic
Tue Oct 29, 2019 10:39 am
Forum: Personal Investments
Topic: [Employer Retirement Plan Change]
Replies: 49
Views: 4370

Re: No more Vanguard... wow

Vanguard charges for index funds. Fidelity offers zero cost index funds. Vanguard charges for stock trades. Fidelity offers zero cost stock trades. Need any more clarification? From what I'm seeing Vanguard Target Retirement 2050 Fund has an expense ratio of 0.15%: https://investor.vanguard.com/mut...
by LiterallyIronic
Mon Oct 28, 2019 9:31 am
Forum: Personal Investments
Topic: Do You Pay For Financial Advice?
Replies: 76
Views: 4311

Re: Do You Pay For Financial Advice?

Do you pay for financial advice? No. I just stuck my 401k funds in a cheap 100% stock allocation, put my Roth IRA funds in Target Retirement Fund 2045 (the most aggressive available at the time), and my wife's Roth IRA funds in Target Retirement Fund 2050 (the most aggressive at the time). Then aut...
by LiterallyIronic
Thu Oct 24, 2019 10:30 am
Forum: Personal Investments
Topic: 11 Reasons to Carry a Big, Long Mortgage by Ric Edelman.
Replies: 93
Views: 10829

Re: 11 Reasons to Carry a Big, Long Mortgage by Ric Edelman.

My assessment: 1) Not relevant. 2) Not relevant. 3) Relevant. You can (probably) invest and get a better return than your mortgage rate. 4 & 5) Not relevant if you're not itemizing, which most people aren't. 6) Too dangerous to assume that your income will increase in the future. 7) Sounds like a te...
by LiterallyIronic
Wed Oct 23, 2019 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Is principal portion of mortgage counted for savings rate purposes?
Replies: 126
Views: 6670

Re: Is principal portion of mortgage counted for savings rate purposes?

This is the "personal" part of personal finance, but I count as little as possible in my savings rate. I count the amount I put into my 401k and our IRAs and divide by my gross income. I do not count employer match (though it vests immediately). I do not count the principal portion of our mortgage. ...
by LiterallyIronic
Wed Oct 23, 2019 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Do you plan to actually spend down your portfolio?
Replies: 104
Views: 9717

Re: Do you plan to actually spend down your portfolio?

I plan to spend it down, yes. Ideally, I would bounce my last check. Obviously I don't know when I'm going to die, so I can't time it like that, but the closer I am to zero on my deathbed, the better. Having money left over means I worked too long. My dad always tells me (and my siblings) that we sh...
by LiterallyIronic
Fri Oct 18, 2019 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: At wits end with mortgage company issues
Replies: 74
Views: 5600

Re: At wits end with mortgage company issues

goodlifer wrote:
Fri Oct 04, 2019 3:14 pm
I had to refinance to get away from Ocwen's incompetence.
Just checked out their reviews. Horrific. I'm feeling good that I went with a huge national bank that almost never sells mortgage servicing and I can just walk into a local branch to pay.
by LiterallyIronic
Fri Oct 18, 2019 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: I bought a STOLEN vehicle!!!
Replies: 106
Views: 15182

Re: I bought a STOLEN vehicle!!!

Are you sure the car wasn't stolen from you??? That was my first thought, too. $13,000 cash Like, $13,000 in paper money?! I am sorry for what you are going through, but why would you make a major purchase from a private seller in cash? Probably because, as a seller, I would never accept anything b...
by LiterallyIronic
Fri Oct 18, 2019 11:51 am
Forum: Personal Finance (Not Investing)
Topic: I bought a STOLEN vehicle!!!
Replies: 106
Views: 15182

Re: I bought a STOLEN vehicle!!!

Are you sure the car wasn't stolen from you??? That was my first thought, too. $13,000 cash Like, $13,000 in paper money?! I am sorry for what you are going through, but why would you make a major purchase from a private seller in cash? Probably because, as a seller, I would never accept anything b...
by LiterallyIronic
Wed Oct 16, 2019 12:23 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on cellular annually?
Replies: 59
Views: 4124

Re: How much do you spend on cellular annually?

Cell phone is $468 per year for two lines ($19.50/month/line after taxes and fees) with T-Mobile. Unlimited talk, text, and data (throttled to 2G after 2.5GB/month/line).

Internet is free Google Fiber. 5mbps.

No TV service or streaming services. No landline.
by LiterallyIronic
Mon Oct 14, 2019 1:06 pm
Forum: Investing - Theory, News & General
Topic: How often do you look at your IRA or 401K Balances
Replies: 71
Views: 5713

Re: How often do you look at your IRA or 401K Balances

I look at it on the first of each month, in order to update our month-by-month net worth spreadsheet. you failed to see that the risk levels exceeded your own tolerance and that of the market in general. Doesn't that imply there is a possibility of your investments getting riskier than you intended?...
by LiterallyIronic
Wed Oct 09, 2019 9:28 am
Forum: Personal Consumer Issues
Topic: Find my phone -- easy way to find it when lost in the house?
Replies: 38
Views: 2658

Re: Find my phone -- easy way to find it when lost in the house?

Don't tend to lose your phones in the house. This is an organization problem on your part. Easy to change your ways if you want or you can go ahead with solutions that others will post here. Same with car keys, wallets, etc. Have place for them. One place and stick to it. This. My phone is always e...
by LiterallyIronic
Fri Oct 04, 2019 12:27 pm
Forum: Personal Investments
Topic: 100% Stock too Aggressive in 401k Plan?
Replies: 40
Views: 2493

Re: 100% Stock too Aggressive in 401k Plan?

But, it may make a difference whether you survive the next recession over the next few years. What is your rationale for this? If Person A is investing 100/0 and Person B is investing 70/30 and they both lose their jobs and they both manage to exhaust their emergency funds and both have to take $X ...
by LiterallyIronic
Fri Oct 04, 2019 10:45 am
Forum: Personal Investments
Topic: 100% Stock too Aggressive in 401k Plan?
Replies: 40
Views: 2493

Re: 100% Stock too Aggressive in 401k Plan?

But, it may make a difference whether you survive the next recession over the next few years. What is your rationale for this? If Person A is investing 100/0 and Person B is investing 70/30 and they both lose their jobs and they both manage to exhaust their emergency funds and both have to take $X ...
by LiterallyIronic
Fri Oct 04, 2019 9:31 am
Forum: Personal Investments
Topic: 100% Stock too Aggressive in 401k Plan?
Replies: 40
Views: 2493

Re: 100% Stock too Aggressive in 401k Plan?

I am nearing 40 and my 401k is 100% total stock fund. I sleep well at night. If the market goes up, I am happy because my shares are appreciating. If the market goes down, I am happy because I can purchase shares at a discount. Win-win. For my knowledge, let's say the market takes a downturn (50% l...
by LiterallyIronic
Wed Oct 02, 2019 3:57 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12340
Views: 2126649

Re: U.S. stocks in free fall

I am hoping for a bigger market drop before the end of the year. That would give me a great opportunity to do some Tax Loss Harvesting. That sounds great. Not for the TLH reason, since I don't invest in taxable, but for the ability to invest at market lows for once in my life. Didn't really start i...
by LiterallyIronic
Wed Oct 02, 2019 11:20 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12340
Views: 2126649

Re: U.S. stocks in free fall

willthrill81 wrote:
Wed Oct 02, 2019 9:59 am
Days that end in 'y' are especially notorious and should be avoided at all costs. 100% of market crashes have occurred on them.
Looks like I'm investing tomorrow. 8-)
by LiterallyIronic
Tue Oct 01, 2019 1:45 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12340
Views: 2126649

Re: U.S. stocks in free fall

Of course it dropped today. It's the first of the month. Just like it always does, seemingly. Want to know why? Because I check my net worth on the first of every month and, of course, it's always going to be a down day so I don't get to put as good of numbers in my spreadsheet. October 1: Dow Jones...
by LiterallyIronic
Tue Oct 01, 2019 1:17 pm
Forum: Investing - Theory, News & General
Topic: Jonathan Clements: About half your retirement accumulation is just the dollars you put in
Replies: 92
Views: 14274

Re: Jonathan Clements: About half your retirement accumulation is just the dollars you put in

What if you don’t get around to saving for retirement for the first 10 years of your career... so you only have 30 years to save for retirement?" Ugh, a forty year career would suck . Under reasonable and robust assumptions typical of those usually made in retirement planning, around 40-50% of your...
by LiterallyIronic
Mon Sep 30, 2019 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Home repair - paying cash (dollar bills)
Replies: 60
Views: 5082

Re: Home repair - paying cash (dollar bills)

I have always and only paid cash for all contractors, electricians, plumbers, or other repair/maintenance people. And they never give me a receipt, so I assume they're doing it under the table, but that's not my problem. They just fix my broken stuff and then I give them the money. No need to over-c...
by LiterallyIronic
Wed Sep 25, 2019 6:54 pm
Forum: Personal Investments
Topic: Currently invested in 100% stock
Replies: 130
Views: 13917

Re: Currently invested in 100% stock

If you lose your job and are forced to rely on your funds to survive, obviously being 100% stocks will probably not have been the optimal solution. You will be forced to liquidate precisely when you don't want to liquidate, and it would have been better to have retained some allocation in bonds. Ne...
by LiterallyIronic
Wed Sep 25, 2019 11:19 am
Forum: Personal Consumer Issues
Topic: Is it out-of-style for business women to wear pantyhose?
Replies: 19
Views: 4448

Re: Is it out-of-style for business women to wear pantyhose?

I'm sure it depends on your industry and location, as to what the current trend is. I'm in the tech industry, so it's more laid back, but almost all skirt-wearers, myself included, go bare-legged most of the time.
by LiterallyIronic
Wed Sep 25, 2019 10:14 am
Forum: Personal Investments
Topic: Currently invested in 100% stock
Replies: 130
Views: 13917

Re: Currently invested in 100% stock

Nothing wrong with that. I'm 35 and my 401k is 100% stock. IRAs are 90/10, because that was the most aggressive Target Retirement Fund. You just need to weigh your need, desire, and ability to take risk. all these 100% stock threads must be a sign the market has peaked Anyone endorsing the asset all...
by LiterallyIronic
Tue Sep 24, 2019 12:44 pm
Forum: Personal Consumer Issues
Topic: How did your Windows 10 upgrade go?
Replies: 60
Views: 3994

Re: How did your Windows 10 upgrade go?

Looks like I have to buy the Home edition for $129 Can't one get an entire Windows 10 computer for less than that nowadays? No. Wrong. See this very capable Windows 10 Pro computer for $80 including shipping. preview link https://preview.tinyurl.com/y6onqv2l There are many more on Ebay for much les...
by LiterallyIronic
Tue Sep 24, 2019 12:06 pm
Forum: Personal Consumer Issues
Topic: Critical Update for Windows 7, 8, and 10
Replies: 9
Views: 902

Re: Critical Update for Windows 7, 8, and 10

There is typically no reason to be doing most work on Windows 10 in an account with administrator privileges. Yes, one should have a personal account without administrator privileges even if you the person who does upgrades and maintenance. It is easy to set up multiple user accounts. But is it eas...
by LiterallyIronic
Tue Sep 24, 2019 11:47 am
Forum: Personal Consumer Issues
Topic: Critical Update for Windows 7, 8, and 10
Replies: 9
Views: 902

Re: Critical Update for Windows 7, 8, and 10

There is typically no reason to be doing most work on Windows 10 in an account with administrator privileges. Yes, one should have a personal account without administrator privileges even if you the person who does upgrades and maintenance. It is easy to set up multiple user accounts. But is it eas...
by LiterallyIronic
Mon Sep 23, 2019 5:27 pm
Forum: Personal Consumer Issues
Topic: Where do you buy parts for DIY Auto repairs
Replies: 46
Views: 3378

Re: Where do you buy parts for DIY Auto repairs

I don't fix my own cars, but every mechanic I know refers to rockauto.com.
by LiterallyIronic
Fri Sep 20, 2019 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Best way to track / categorize spending?
Replies: 35
Views: 2010

Re: Best way to track / categorize spending?

A simple spreadsheet in which each column is a spending category. You can have as many or as few columns as you'd like. Then just add rows for each expenditure and put the amount in the correct column. Ours also includes the name of the Payee, how we paid (debit, credit, check, cash, or electronic),...
by LiterallyIronic
Fri Sep 20, 2019 9:33 am
Forum: Personal Consumer Issues
Topic: Do you trust Microsoft updating your Windows 7 machine?
Replies: 122
Views: 6569

Re: Do you trust Microsoft updating your Windows 7 machine?

So I've moved everything I want to save off the W-7 computer onto the new W-10 computer, and now I'd like to do a W-10 clean install on the old W-7 system. How? I've looked at several Internet sites, and I'm not sure any of them describe the total process. Is there one site I can reference to get m...
by LiterallyIronic
Thu Sep 19, 2019 12:52 pm
Forum: Personal Investments
Topic: Help with retirement date?
Replies: 14
Views: 1092

Re: Help with retirement date?

Thank you everybody for the quick response. Appreciate the confirmation of the numbers I was getting in calculators. Did you read the post by fortunefavored? How are you accounting for the fact that you will not get the target return? You think assuming an annual return of 4% is too aggressive?
by LiterallyIronic
Thu Sep 19, 2019 10:02 am
Forum: Personal Investments
Topic: Help with retirement date?
Replies: 14
Views: 1092

Re: Help with retirement date?

By my calculations, you should have the following 2019: $700,000 2020: $1,078,000 2021: $1,471,120 2022: $1,879,964 2023: $2,305,163 2024: $2,747,369 2025: $3,207,264 2026: $3,685,555 2027: $4,182,977 2028: $4,700,296 2029: $5,238,308 I simply calculated it by taking your current balance and multipl...
by LiterallyIronic
Thu Sep 19, 2019 9:32 am
Forum: Personal Consumer Issues
Topic: Do you trust Microsoft updating your Windows 7 machine?
Replies: 122
Views: 6569

Re: Do you trust Microsoft updating your Windows 7 machine?

Thanks RickBoglehead - will definitely try all your suggestions. Appreciate your detailed post. I don't think hard drive space is going to be the issue- I keep very few files on this system and there's no 3rd party software downloaded, other than Office 2010. Shouldn't be any reason it doesn't work...
by LiterallyIronic
Wed Sep 18, 2019 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Facing very short gap without health insurance, options
Replies: 26
Views: 1293

Re: Facing very short gap without health insurance, options

Jackson12 wrote:
Tue Sep 17, 2019 1:19 pm
Unfortunately, as it turns out, there’s a 5 day period where she’ll have no health insurance as she transitions between jobs.
It's five days. I wouldn't worry about it. The odds of something happening in a randomly-selected five days is virtually zero.
by LiterallyIronic
Tue Sep 17, 2019 5:15 pm
Forum: Personal Consumer Issues
Topic: Do you trust Microsoft updating your Windows 7 machine?
Replies: 122
Views: 6569

Re: Do you trust Microsoft updating your Windows 7 machine?

I just don't like that most machines nowadays don't have drives to play DVDs/CDs anymore. An external USB drive is only $25 or so. Obviously not as convenient as built-in, but for those of us who very rarely use optical disc, it works fine. Most people seem to be more interested in thinner and ligh...
by LiterallyIronic
Mon Sep 16, 2019 2:40 pm
Forum: Personal Consumer Issues
Topic: Do you trust Microsoft updating your Windows 7 machine?
Replies: 122
Views: 6569

Re: Do you trust Microsoft updating your Windows 7 machine?

True, but my subscription to Office365 covers her Windows 10 and my Windows 8.1. She only uses her Windows 7 laptop for crafting, nothing else. So we are in good shape for the various MS programs. No need to lard up her Windows 7 laptop with outdated applications that she can use on her Windows 10 ...