Search found 9816 matches

by KlangFool
Mon Sep 17, 2018 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: how do/did you teach your kids finances/investing?
Replies: 22
Views: 1410

Re: how do/did you teach your kids finances/investing?

You want your daughter to manage her money/budget. But, you would not let her manage any money. So, how could she learn anything? Why do you need to say "no" to her anyhow? We give our kid $25 for birthday and X'mas. They receive a few hundred as gift annually from the extended family. They get to ...
by KlangFool
Mon Sep 17, 2018 5:16 pm
Forum: Investing - Theory, News & General
Topic: Is there such thing as saving TOO much?
Replies: 58
Views: 4269

Re: Is there such thing as saving TOO much?

Yes. You can get caught up in saving as a goal in itself as opposed to a means to an end. The main pleasure in life becomes watching your asset number grow higher. The term for that in the extreme is miser. Life balance is important at every age. Make sure you are also spending some time and money ...
by KlangFool
Mon Sep 17, 2018 4:38 pm
Forum: Investing - Theory, News & General
Topic: Is there such thing as saving TOO much?
Replies: 58
Views: 4269

Re: Is there such thing as saving TOO much?

OP,

My rule is very simple. I save one year of my current annual expense every year. I do not save more or spend more. I intend to keep a balance between saving and spending.

KlangFool
by KlangFool
Mon Sep 17, 2018 1:51 pm
Forum: Investing - Theory, News & General
Topic: “Costly race to bottom on mutual fund fees”
Replies: 13
Views: 1535

Re: “Costly race to bottom on mutual fund fees”

EyeYield wrote:
Mon Sep 17, 2018 8:55 am

Do you think that you might have been susceptible to an article such as this in your pre Boglehead days?
EyeYield,

I had given up reading a newspaper for any real serious news a long time ago.

KlangFool
by KlangFool
Mon Sep 17, 2018 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: how do/did you teach your kids finances/investing?
Replies: 22
Views: 1410

Re: how do/did you teach your kids finances/investing?

OP, You want your daughter to manage her money/budget. But, you would not let her manage any money. So, how could she learn anything? Why do you need to say "no" to her anyhow? We give our kid $25 for birthday and X'mas. They receive a few hundred as gift annually from the extended family. They get ...
by KlangFool
Mon Sep 17, 2018 11:23 am
Forum: Personal Consumer Issues
Topic: a low grade in a 9th-grade test
Replies: 43
Views: 2846

Re: a low grade in a 9th-grade test

At some point in schooling your natural ability runs out, and you have to "learn how to learn." This is a meta-skill that will help them the rest of their lives, and includes things like how to take notes, how to study, how to ask teachers for help, and how to form study groups. Other supporting sk...
by KlangFool
Mon Sep 17, 2018 10:21 am
Forum: Personal Consumer Issues
Topic: a low grade in a 9th-grade test
Replies: 43
Views: 2846

Re: a low grade in a 9th-grade test

At some point in schooling your natural ability runs out, and you have to "learn how to learn." This is a meta-skill that will help them the rest of their lives, and includes things like how to take notes, how to study, how to ask teachers for help, and how to form study groups. Other supporting sk...
by KlangFool
Mon Sep 17, 2018 8:49 am
Forum: Investing - Help with Personal Investments
Topic: 401k roth or trad in NJ
Replies: 13
Views: 614

Re: 401k roth or trad in NJ

Taxedtodeath, Why would you contribute to Roth 401K? Unless you like paying taxes instead of spending your own money, Trad. 401K is the right answer. After that, if you still have extra money to save, you could contribute to the after-tax 401K account and do a Mega-Roth Backdoor IRA. KlangFool Than...
by KlangFool
Mon Sep 17, 2018 8:22 am
Forum: Investing - Help with Personal Investments
Topic: 401k roth or trad in NJ
Replies: 13
Views: 614

Re: 401k roth or trad in NJ

Hello, I have been reading for years and finally making my own post. I am hoping to get some help deciding investment strategy for Retirement funds. My options include a company 401K with Roth and After Tax options with excellent low cost index funds with a 5% match. I also max myself and DW Roth I...
by KlangFool
Sun Sep 16, 2018 5:38 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking of Retiring at 52, Please Critique Plan
Replies: 36
Views: 4135

Re: Thinking of Retiring at 52, Please Critique Plan

Love everyone's feedback. I should provide more information to clarify the work situation. I put a lot of information out there though still wanted to stay somewhat anonymous. But It's only the internet. Who reads the internet. :? My husband was diagnosed with early onset of Alzheimer's last year. ...
by KlangFool
Sun Sep 16, 2018 4:25 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking of Retiring at 52, Please Critique Plan
Replies: 36
Views: 4135

Re: Thinking of Retiring at 52, Please Critique Plan

OP,

SEPP is the wrong answer for you. Roth conversion is a better answer for you. Please check the following URL for all the available options.

https://www.madfientist.com/how-to-acce ... nds-early/

KlangFool
by KlangFool
Sun Sep 16, 2018 10:04 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA vs Mega Backdoor Roth IRA
Replies: 5
Views: 657

Re: Roth IRA vs Mega Backdoor Roth IRA

OP, Backdoor Roth IRAs are used for folks that cannot contribute to Roth IRAs directly. Your income may be low enough. You could contribute to your Roth IRA ($5,500) and your wife's Roth IRA ($5,500). This gives you another 11K of space. You could access that tax-advantaged account before 59.5 years...
by KlangFool
Sun Sep 16, 2018 9:56 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA vs Mega Backdoor Roth IRA
Replies: 5
Views: 657

Re: Roth IRA vs Mega Backdoor Roth IRA

My employer opened up the option for a Mega Backdoor Roth IRA last year. When I reached the traditional 401k max, after tax funds were placed in a traditional IRA, and I simply called the brokerage firm to recharacterize. It was quick and painless. My question is if I have a chunk of dollars that I...
by KlangFool
Sun Sep 16, 2018 9:48 am
Forum: Personal Finance (Not Investing)
Topic: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?
Replies: 117
Views: 10366

Re: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?

But really, I think most people are unable or unwilling to accept or understand opposing viewpoints. It's not "sad" if someone loves their job and never wants to retire. Nor is it "sad" if someone is excited about early retirement because they don't want to work. It's only sad if someone does somet...
by KlangFool
Sun Sep 16, 2018 9:40 am
Forum: Personal Finance (Not Investing)
Topic: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?
Replies: 117
Views: 10366

Re: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?

It was a success for me not because of the revenue and profit triple. It was a success for me because our team stays employed a few years longer. People matters. Corporate success is irrelevant. KlangFool Similar experiences. My biggest victories aren't around a product or sale but rather keeping r...
by KlangFool
Sat Sep 15, 2018 10:20 pm
Forum: Investing - Help with Personal Investments
Topic: Am I saving enough in kids 529 plan?
Replies: 10
Views: 1216

Re: Am I saving enough in kids 529 plan?

Am I saving enough for college in my kids 529 plans? I have two kids, one is 3 and the other is 10 weeks old. The 3 year old has $8,000 in her account and the 10 week old has $500. I am contributing $250 per month into each fund and throwing an additional $1,000 in each fund at the end of the year,...
by KlangFool
Sat Sep 15, 2018 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Does this job exist (another want-to-quit-corporate-world thread)?
Replies: 10
Views: 1243

Re: Does this job exist (another want-to-quit-corporate-world thread)?

OP,

Why don't you work on IT project as a part-time consultant remotely?

KlangFool
by KlangFool
Sat Sep 15, 2018 10:34 am
Forum: Personal Finance (Not Investing)
Topic: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?
Replies: 117
Views: 10366

Re: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?

Folks, To each its own. The following is one of my stories. Right in the middle of the Telecom bust, my employer did quarterly lay off of 5% to 10%. My division was hit repeatedly. In spite of all that, we triple our revenue and profit. As a reward for our productivity and excellence, we were shut d...
by KlangFool
Sat Sep 15, 2018 8:51 am
Forum: Investing - Help with Personal Investments
Topic: Upper six-figures portfolio & tax management part 2
Replies: 18
Views: 2528

Re: Upper six-figures portfolio & tax management part 2

1-3. I will stop the dividend reinvestment. My RMDs + annual taxable dividends are currently ~$14k. Obviously this will increase as the Life Expectancy Factor decreases. Good estimate. I do need to replace the lost income from 401k contributions. Lifestyle creep I guess. I don't think I can max the...
by KlangFool
Fri Sep 14, 2018 9:26 pm
Forum: Investing - Help with Personal Investments
Topic: Upper six-figures portfolio & tax management part 2
Replies: 18
Views: 2528

Re: Upper six-figures portfolio & tax management part 2

OP, Pardon my ignorance. You have 575K in the taxable account. So, why you cannot max out your Trad. 401K? You have at least 10K of dividend/income from your taxable account. You are going to pay tax on that money. So, you could spend that money instead of reinvesting it. Then, you could contribute ...
by KlangFool
Thu Sep 13, 2018 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?
Replies: 117
Views: 10366

Re: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?

One thing I know for sure is that I won’t just stop working simply because I hit a number - that’s seems a fairly depressing scenario as it implies i never enjoyed my job to begin with. ge1, To each its own. From another point of view, it is depressing to think that a person has nothing better to d...
by KlangFool
Thu Sep 13, 2018 4:11 pm
Forum: Investing - Help with Personal Investments
Topic: How to stay the course when you “think” you can outsmart the market
Replies: 36
Views: 2123

Re: How to stay the course when you “think” you can outsmart the market

OP, It is very simple. Put $5,000 into a pool that you trade and gamble from. Promise yourself that you would not increase the amount. Take money out when the pool reaches above $10,000. Sell half whenever it triples. Explicitly write this down and tape this in front of your computer. Waste the $5,0...
by KlangFool
Thu Sep 13, 2018 2:04 pm
Forum: Investing - Help with Personal Investments
Topic: How to stay the course when you “think” you can outsmart the market
Replies: 36
Views: 2123

Re: How to stay the course when you “think” you can outsmart the market

OP, The reason why the casino always wins is that the gamblers could not stop gambling. So, the question to you is can you put a hard stop on your habit? For example, limit your trading/gambling to $5,000. You are not allowed to add to this pool. When you lose it all, you will stop. I lost 50% of my...
by KlangFool
Thu Sep 13, 2018 11:03 am
Forum: Investing - Help with Personal Investments
Topic: How to stay the course when you “think” you can outsmart the market
Replies: 36
Views: 2123

Re: How to stay the course when you “think” you can outsmart the market

I truly believe indexing is the best way to invest but sometimes “ideas” get the best of me. For example with the hurricane approaching I thought it would be a smart move to buy Generac, already down 5%. I was curious how often other boggleheads trade short term and how the smart ones have the disc...
by KlangFool
Thu Sep 13, 2018 11:01 am
Forum: Investing - Help with Personal Investments
Topic: How to stay the course when you “think” you can outsmart the market
Replies: 36
Views: 2123

Re: How to stay the course when you “think” you can outsmart the market

I truly believe indexing is the best way to invest but sometimes “ideas” get the best of me. For example with the hurricane approaching I thought it would be a smart move to buy Generac, already down 5%. I was curious how often other boggleheads trade short term and how the smart ones have the disc...
by KlangFool
Thu Sep 13, 2018 9:16 am
Forum: Personal Consumer Issues
Topic: Picking a Charity
Replies: 68
Views: 2512

Re: Picking a Charity

1) Local food bank. Nobody should go hungry in our country. But, unfortunately, many do.

2) Local homeless shelters.

KlangFool
by KlangFool
Thu Sep 13, 2018 8:17 am
Forum: Personal Consumer Issues
Topic: 401k "advice" to my associates
Replies: 51
Views: 2032

Re: 401k "advice" to my associates

OP,

If you are really interested in helping your associates, set up a default contribution rate to a target date fund. As per study that I heard about, this option drives 401K contribution more than anything else.

KlangFool
by KlangFool
Thu Sep 13, 2018 8:14 am
Forum: Personal Consumer Issues
Topic: 401k "advice" to my associates
Replies: 51
Views: 2032

Re: 401k "advice" to my associates

your analysis would look different if you thought about it this way. you don't buy any daily latte's for 45 years, but at age 65 you can get a latte a day in perpetuity from the regular returns provided by the investment funded by the foregone drinks. That is a very different calculation. you aren'...
by KlangFool
Thu Sep 13, 2018 8:11 am
Forum: Personal Consumer Issues
Topic: 401k "advice" to my associates
Replies: 51
Views: 2032

Re: 401k "advice" to my associates

As a principal at our company, I typically talk to our associates each year about the importance of saving for retirement. We have a company sponsored (and contributing) 401k plan and it always amazes me how few of the younger associates don't participate or don't max out their contributions. Our s...
by KlangFool
Tue Sep 11, 2018 7:14 pm
Forum: Investing - Help with Personal Investments
Topic: Going off-track of asset allocation due to high savings rate
Replies: 47
Views: 2772

Re: Going off-track of asset allocation due to high savings rate

I'd like to understand how you're arriving at whether an asset is overperforming vs underperforming because it looks like that's what your strategy hinges on. Are you using market returns against some arbitrarily defined mean? Are you just comparing the absolute returns? This doesn't work for diffe...
by KlangFool
Tue Sep 11, 2018 2:47 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in 5G Wireless
Replies: 44
Views: 2319

Re: Investing in 5G Wireless

Jags4186, If the answer is one base station for every 3 to 5 homes, will you change your mind? KlangFool No--it will still happen. Again, I can't tell you how to make money investing in it, and I can't tell you that 5G will get rid of wireline service in the next 5 years, but the future is wireless...
by KlangFool
Tue Sep 11, 2018 2:33 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in 5G Wireless
Replies: 44
Views: 2319

Re: Investing in 5G Wireless

I do not understand the case for 5G. It's just infrastructure. Capital intensive and probably not so spectacular return. Moreover American providers (from cell service to cable) are very expensive and low quality compared with many other countries. I don't think they can be in this position for muc...
by KlangFool
Tue Sep 11, 2018 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in 5G Wireless
Replies: 44
Views: 2319

Re: Investing in 5G Wireless

I do not understand the case for 5G. It's just infrastructure. Capital intensive and probably not so spectacular return. Moreover American providers (from cell service to cable) are very expensive and low quality compared with many other countries. I don't think they can be in this position for muc...
by KlangFool
Tue Sep 11, 2018 12:49 pm
Forum: Investing - Theory, News & General
Topic: Why Bull Markets Are Dangerous
Replies: 152
Views: 15997

Re: Why Bull Markets Are Dangerous

I'll take your bait. $500000 more (30 years, $1000/month investment, using a 1% larger return for 100% stock per your link). I'm sure you'll tell me I'm a fool, so I don't plan on responding any further. P.S. I'm a scientist too... :beer dogagility, It is not 500K more. It is 2.4 million versus 1.9...
by KlangFool
Tue Sep 11, 2018 12:25 pm
Forum: Investing - Theory, News & General
Topic: Why Bull Markets Are Dangerous
Replies: 152
Views: 15997

Re: Why Bull Markets Are Dangerous

I'll take your bait. $500000 more (30 years, $1000/month investment, using a 1% larger return for 100% stock per your link). I'm sure you'll tell me I'm a fool, so I don't plan on responding any further. P.S. I'm a scientist too... :beer dogagility, It is not 500K more. It is 2.4 million versus 1.9...
by KlangFool
Tue Sep 11, 2018 12:00 pm
Forum: Investing - Theory, News & General
Topic: Why Bull Markets Are Dangerous
Replies: 152
Views: 15997

Re: Why Bull Markets Are Dangerous

2.4 millions -1.2 million is 1.2 million 1.9 million - 665,000 is 1.235 million So 35,000 is the reason for all this discussion? goblue100, What is your number? My number is 1.5 million. Will you stay at 100/0 at 1 million? A rational person would not do that. So, what is the point about setting up...
by KlangFool
Tue Sep 11, 2018 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Laid Off, Considering Multiple Options - Which Would You Recommend?
Replies: 39
Views: 5293

Re: Laid Off, Considering Multiple Options - Which Would You Recommend?

Option 1 - Find Another Job - Look for a similar position at another company in my industry, probably a different Megacorp. This may take a while at the level I am at (Director) and may entail lifestyle changes such as moving. For several family-related reasons (children, aging parents nearby), I w...
by KlangFool
Tue Sep 11, 2018 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Laid Off, Considering Multiple Options - Which Would You Recommend?
Replies: 39
Views: 5293

Re: Laid Off, Considering Multiple Options - Which Would You Recommend?

Option 3 - Contract - Megacorp has many contractors who do this type of work, usually working through a third-party agency. This is something I could do, but I am not sure what the end goal would be. It seems like it would be uncertain (limited term contracts), the upside potential would be limited...
by KlangFool
Tue Sep 11, 2018 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Laid Off, Considering Multiple Options - Which Would You Recommend?
Replies: 39
Views: 5293

Re: Laid Off, Considering Multiple Options - Which Would You Recommend?

It sounds like you could even retire. May require you to move to LCOL area or cheaper housing in the same area. Even your kids education is all set. He can’t retire, half his assets are effectively “locked” up, after taxes and penalties it would be even less. I’d start the job search now. Pursue al...
by KlangFool
Tue Sep 11, 2018 9:18 am
Forum: Investing - Theory, News & General
Topic: Why Bull Markets Are Dangerous
Replies: 152
Views: 15997

Re: Why Bull Markets Are Dangerous

Do you not think that 100/0 has a higher expected return than 70/30? That would be quite the statement. triceratop, You are a scientist. There is a difference between A) Believing that100/0 has a higher expected return than 70/30 Versus B) Knowing exactly the 100/0 expected return and 70/30 expecte...
by KlangFool
Mon Sep 10, 2018 9:45 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in 5G Wireless
Replies: 44
Views: 2319

Re: Investing in 5G Wireless

If 5G is as good as advertised they will make money from massively increased subscriptions and additional services offered rather than inreasing the cost of usage. Why pay for cell service and wireline service at home when I can just have one bill for cell and home internet access. Why bother with ...
by KlangFool
Mon Sep 10, 2018 9:34 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in 5G Wireless
Replies: 44
Views: 2319

Re: Investing in 5G Wireless

The problem for me with cell service is that it doesn’t work for me in my condo. I can make an outbound call on my patio, but not inside. :( Dottie57, All you have to do to fix the problem is complain to the service provider. For some service providers, they will ship you a small base station that ...
by KlangFool
Mon Sep 10, 2018 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Analysis Paralysis - Mortgage, Emergency Fund, etc.
Replies: 51
Views: 4207

Re: Analysis Paralysis - Mortgage, Emergency Fund, etc.

FiveK wrote:
Mon Sep 10, 2018 8:37 pm
berg wrote:
Sun Sep 09, 2018 8:52 am
Are we crazy that within a week we went from ready to do a $200k recast to ready to put $200k in the market?
No.

Do remember that you have to wait ~30 years to determine if the choice worked out well. ;)
+1. Or, the next recession.

KlangFool
by KlangFool
Mon Sep 10, 2018 9:22 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in 5G Wireless
Replies: 44
Views: 2319

Re: Investing in 5G Wireless

If 5G is as good as advertised they will make money from massively increased subscriptions and additional services offered rather than inreasing the cost of usage. Why pay for cell service and wireline service at home when I can just have one bill for cell and home internet access. Why bother with ...
by KlangFool
Mon Sep 10, 2018 5:39 pm
Forum: Investing - Theory, News & General
Topic: Why Bull Markets Are Dangerous
Replies: 152
Views: 15997

Re: Why Bull Markets Are Dangerous

jadd806, Okay. You believe that 100/0 expected return is better than 70/30. So, could you please tell us what are their expected returns? 100/0 versus 70/30? KlangFool Do you not think that 100/0 has a higher expected return than 70/30? That would be quite the statement. triceratop, You are a scien...
by KlangFool
Mon Sep 10, 2018 5:22 pm
Forum: Investing - Theory, News & General
Topic: Why Bull Markets Are Dangerous
Replies: 152
Views: 15997

Re: Why Bull Markets Are Dangerous

jadd806, Okay. You believe that 100/0 expected return is better than 70/30. So, could you please tell us what are their expected returns? 100/0 versus 70/30? KlangFool Do you not think that 100/0 has a higher expected return than 70/30? That would be quite the statement. triceratop, You are a scien...
by KlangFool
Mon Sep 10, 2018 4:07 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in 5G Wireless
Replies: 44
Views: 2319

Re: Investing in 5G Wireless

OP, In any business, you can make more money if you can charge more for your service. So, please tell me, are you paying a lot more or a lot less for your Internet service and/or mobile phone service over the last 5 years? Looking at your own bills and you will know the answer. KlangFool Service pr...
by KlangFool
Mon Sep 10, 2018 3:58 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in 5G Wireless
Replies: 44
Views: 2319

Re: Investing in 5G Wireless

OP, In any business, you can make more money if you can charge more for your service. So, please tell me, are you paying a lot more or a lot less for your Internet service and/or mobile phone service over the last 5 years? Looking at your own bills and you will know the answer. KlangFool Service pr...
by KlangFool
Mon Sep 10, 2018 3:37 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in 5G Wireless
Replies: 44
Views: 2319

Re: Investing in 5G Wireless

OP,

In any business, you can make more money if you can charge more for your service. So, please tell me, are you paying a lot more or a lot less for your Internet service and/or mobile phone service over the last 5 years? Looking at your own bills and you will know the answer.

KlangFool
by KlangFool
Mon Sep 10, 2018 3:25 pm
Forum: Investing - Theory, News & General
Topic: Why Bull Markets Are Dangerous
Replies: 152
Views: 15997

Re: Why Bull Markets Are Dangerous

jadd806, <<I probably end up with less money in the end compared to 100% equities. >> Or not. There were times when bond return higher than stock. Please note that the real world does not have to meet expectation. As per the example again, for 100/0, with a 50% drop, you need to double to recover. ...