Search found 6911 matches

by KlangFool
Tue Nov 21, 2017 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Help DW gets fired, but then next day her boss offers her job back
Replies: 74
Views: 2938

Re: Help DW gets fired, but then next day her boss offers her job back

OnTrack2020 wrote:
Tue Nov 21, 2017 9:38 pm
My guess is that there may not be enough money to pay her possibly, therefore the request of the 25% pay cut??
OnTrack2020,

That is not OP's wife's problem. It is not her business. If there is not enough money to get it done right, then, it is probably not important.

KlangFool
by KlangFool
Tue Nov 21, 2017 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Help DW gets fired, but then next day her boss offers her job back
Replies: 74
Views: 2938

Re: Help DW gets fired, but then next day her boss offers her job back

OP, If the boss cannot get a replacement, why would your wife take a 25% pay cut to get her job back? The boss has no option. She should at least get the same pay or higher pay. Please note that if your wife accepts the pay cut, what is there for her boss to pull the same trick next time? The boss k...
by KlangFool
Tue Nov 21, 2017 3:46 pm
Forum: Investing - Help with Personal Investments
Topic: Concerned parent :(
Replies: 40
Views: 4433

Re: Concerned parent :(

You are lucky. You retired with a pension. You just barely make it. Now, what would have happened if you did not retire with a full pension? You would need to use the money in the 529 plan. Your plan had no safety margin. KlangFool Well, not really. We have a lot of investments that we don't touch ...
by KlangFool
Tue Nov 21, 2017 2:50 pm
Forum: Investing - Help with Personal Investments
Topic: Concerned parent :(
Replies: 40
Views: 4433

Re: Concerned parent :(

OK, Klang. I see your point, but I and many others come from a more secure employment standpoint. My wife and I were federal employees so employment stability was less of a concern. My own process was to save in the 529 after maxing the TSP and IRAs. My wife and I are now retired and LBYM on our pe...
by KlangFool
Tue Nov 21, 2017 2:15 pm
Forum: Investing - Help with Personal Investments
Topic: Concerned parent :(
Replies: 40
Views: 4433

Re: Concerned parent :(

Klang, why do SO MANY of your posts like to speak for "we" then? :wink: chevca, On this thread, how many folks advice OP that he should fund the 529? Not many. Hence, I object to OP's assertion below: <<What I can hear from most of you are to open a 529 plan.>> My "we" statement is in response to t...
by KlangFool
Tue Nov 21, 2017 2:06 pm
Forum: Investing - Help with Personal Investments
Topic: Concerned parent :(
Replies: 40
Views: 4433

Re: Concerned parent :(

I think what Klang meant was, if one isn't maxing out tax advantaged retirement savings space, they should not start saving for college.... not that one should fully fund retirement with a million dollars first. chevca, 1) In my case, I go beyond that. This may or may not apply to others. I max out...
by KlangFool
Tue Nov 21, 2017 2:02 pm
Forum: Investing - Help with Personal Investments
Topic: Concerned parent :(
Replies: 40
Views: 4433

Re: Concerned parent :(

but you have to project and assume some success in your retirement savings plan. Otherwise it paralyzes you. GCD, <<but you have to project and assume some success in your retirement savings plan.>> Why? I have no job security over the past 10+ years. Every year, I faced annual or quarterly lay off...
by KlangFool
Tue Nov 21, 2017 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: Concerned parent :(
Replies: 40
Views: 4433

Re: Concerned parent :(

No, there is not we advised here. We had said that unless and until you fully funded your retirement, do not save for college. KlangFool Klang, I'm curious, could you clarify this position for me? Are you saying not to start saving for college until your retirement is actually fully funded or are y...
by KlangFool
Tue Nov 21, 2017 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: Concerned parent :(
Replies: 40
Views: 4433

Re: Concerned parent :(

OP, 1) What is your annual saving? 2) What is your annual gross income? 3) At low-income level, putting money into 529 hurt your kid's financial aid eligibility. It is not helpful. 4) At the low saving rate, you need all the money for retirement. So, why saves for college? 5) At the high saving rate...
by KlangFool
Tue Nov 21, 2017 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: Concerned parent :(
Replies: 40
Views: 4433

Re: Concerned parent :(

Thanks everyone !! What I can hear from most of you are to open a 529 plan. My concern is if there occurs any urgent family emergency situation and I need money, then we should be able to take from this account. but with 529 plan, we can't right ? So that directs me to ask - What is your opinion ab...
by KlangFool
Tue Nov 21, 2017 11:14 am
Forum: Investing - Help with Personal Investments
Topic: GE - a good value?
Replies: 39
Views: 2166

Re: GE - a good value?

OP,

1) Can GE go up 10X to 30X? If not, why is it worthwhile for you to gamble on this stock? The possible return does not justify taking the risk of this individual stock.

2) You held plenty of GE stock in a total market index fund. So, why would you want to buy more?

KlangFool
by KlangFool
Tue Nov 21, 2017 9:59 am
Forum: Personal Finance (Not Investing)
Topic: HELOC to Maximize Retirement Contribution
Replies: 17
Views: 1198

Re: HELOC to Maximize Retirement Contribution

1) What do you hope to accomplish by doing this? Saving tax? https://www.irs.gov/credits-deductions/individuals/aotc At your income and tax level, you will pay little to no tax while your kids are going to college. In fact, you want to make sure that you have enough taxable income in order to claim...
by KlangFool
Mon Nov 20, 2017 7:56 pm
Forum: Investing - Help with Personal Investments
Topic: Current precarious equity environment for a retiree
Replies: 43
Views: 3131

Re: Current precarious equity environment for a retiree

My OP was about MY ABILITY to take risk NOW, and you have identified that. dachshund, It is very simple. If your ability to take risk had changed, you need to adjust your AA. This is INDEPENDENT of whether the market will drop tomorrow or a few years from now. So, please do not conflate those 2 sep...
by KlangFool
Mon Nov 20, 2017 2:59 pm
Forum: Investing - Theory, News & General
Topic: Is holding bonds now dangerous?
Replies: 133
Views: 9447

Re: Is holding bonds now dangerous?

House prices only go one way, and I mean up -- people always need a place to live. That's the key lesson of investing. Good thing to know that housing prices never crash, isn't it? Nothing as safe as houses :happy :happy Valuethinker, 1) Just because people need a place to stay, it does not mean th...
by KlangFool
Mon Nov 20, 2017 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Year end windfall and job loss
Replies: 16
Views: 2122

Re: Year end windfall and job loss

FraggleRock wrote:
Mon Nov 20, 2017 12:29 pm
Ron Scott wrote:
Mon Nov 20, 2017 12:07 pm
Flexibility and safety-first in times of change and stress. Option 2.
+1
+1.

KlangFool
by KlangFool
Mon Nov 20, 2017 10:55 am
Forum: Personal Finance (Not Investing)
Topic: HELOC to Maximize Retirement Contribution
Replies: 17
Views: 1198

Re: HELOC to Maximize Retirement Contribution

OP, 1) What do you hope to accomplish by doing this? Saving tax? https://www.irs.gov/credits-deductions/individuals/aotc At your income and tax level, you will pay little to no tax while your kids are going to college. In fact, you want to make sure that you have enough taxable income in order to cl...
by KlangFool
Mon Nov 20, 2017 10:29 am
Forum: Personal Consumer Issues
Topic: New car buyers...you should consider financing
Replies: 31
Views: 2202

Re: New car buyers...you should consider financing

What was the point of you financing the car at 5.9%? Why didn't you just pay cash? My understanding of the OP's post is that the final price of the car was tied directly to the financing interest rate and the lowest price offered was for the 5.9% rate. After I read the OP and about the dealership's...
by KlangFool
Sun Nov 19, 2017 11:30 pm
Forum: Investing - Theory, News & General
Topic: Oregon makes you save, unless you object. NYT article
Replies: 50
Views: 3461

Re: Oregon makes you save, unless you object. NYT article

Klangfool, The whole point of the program is that people aren't shopping around. They aren't shopping at all. Sure, it'd be rational for an individual with $1k in savings to opt out of the OR program and invest with Vanguard (my point, which I think is pretty clear, is that if those were the only p...
by KlangFool
Sun Nov 19, 2017 8:52 pm
Forum: Investing - Theory, News & General
Topic: Oregon makes you save, unless you object. NYT article
Replies: 50
Views: 3461

Re: Oregon makes you save, unless you object. NYT article

Klangfool, The whole point of the program is that people aren't shopping around. They aren't shopping at all. Sure, it'd be rational for an individual with $1k in savings to opt out of the OR program and invest with Vanguard (my point, which I think is pretty clear, is that if those were the only p...
by KlangFool
Sun Nov 19, 2017 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Why I am not happy even with OK Net Asset
Replies: 38
Views: 3544

Re: Why I am not happy even with OK Net Asset

OP, 1) It depends on your annual expense. You have 800K and if your annual expense is 40K, you are doing great. If your annual expense is 200K, you are not doing as well. 2) At this net worth level, it all comes down to the house. If you have a 400K house, you are doing great. If you have a 2 milli...
by KlangFool
Sun Nov 19, 2017 7:42 pm
Forum: Investing - Theory, News & General
Topic: Oregon makes you save, unless you object. NYT article
Replies: 50
Views: 3461

Re: Oregon makes you save, unless you object. NYT article

Seems like a bit of the perfect being the enemy of the good in some of these criticisms. Is the OR plan preferable to everyone saving in an IRA with a low cost fund? No. But that isn’t happening. 1% isn’t completely ridiculous if that’s what it takes to nudge folks toward saving, and all the eviden...
by KlangFool
Sun Nov 19, 2017 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Taking a 72(t) to avoid self-employment taxes?
Replies: 10
Views: 642

Re: Taking a 72(t) to avoid self-employment taxes?

The "gotchas" is you may get a larger return by paying that $2,000 tax or a portion of it. Thanks for the reply, but -- larger return from what ? From Social Security? Every time I run estimates through a spreadsheet, it seems to tell us that she would have to live to over 100 before the "return" f...
by KlangFool
Sun Nov 19, 2017 5:36 pm
Forum: Investing - Theory, News & General
Topic: Oregon makes you save, unless you object. NYT article
Replies: 50
Views: 3461

Re: Oregon makes you save, unless you object. NYT article

Seems like a bit of the perfect being the enemy of the good in some of these criticisms. Is the OR plan preferable to everyone saving in an IRA with a low cost fund? No. But that isn’t happening. 1% isn’t completely ridiculous if that’s what it takes to nudge folks toward saving, and all the eviden...
by KlangFool
Sun Nov 19, 2017 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Taking a 72(t) to avoid self-employment taxes?
Replies: 10
Views: 642

Re: Taking a 72(t) to avoid self-employment taxes?

So, knowing the possible downsides... does anyone see a compelling reason *not* do this which I haven't considered above? It seems like a fairly "safe" and low-risk way to essentially cut our taxes by more than $2,000 a year. This is very clever. What does your CPA buddy think of it? Well, they sai...
by KlangFool
Sun Nov 19, 2017 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Taking a 72(t) to avoid self-employment taxes?
Replies: 10
Views: 642

Re: Taking a 72(t) to avoid self-employment taxes?

I keep trying to quantify the lost SS. It really depends on your details: how much you've each earned, which bend points you've passed, when you plan to claim SS, if one was a substantially larger earner than the other so that spousal benefits play into the calculations, etc. The only way I got a b...
by KlangFool
Sun Nov 19, 2017 10:58 am
Forum: Investing - Theory, News & General
Topic: Oregon makes you save, unless you object. NYT article
Replies: 50
Views: 3461

Re: Oregon makes you save, unless you object. NYT article

Klangfool, You are so right. However your and my children do not need any help. They have watched us and we have supported them with love, care, education and money. I would have loved it, if my parents could have supported me in same vein as we support our offspring ( my parents did a wonderful jo...
by KlangFool
Sun Nov 19, 2017 10:34 am
Forum: Investing - Theory, News & General
Topic: Oregon makes you save, unless you object. NYT article
Replies: 50
Views: 3461

Re: Oregon makes you save, unless you object. NYT article

I was appalled by the fee as well. They act like they are doing everyone a favor, but one could also set up direct deposit to a low-expense-ratio Vanguard IRA. Of course, I realize that some payrolls are by check still and not direct deposited into a bank account or an investment account. The main ...
by KlangFool
Sun Nov 19, 2017 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Why I am not happy even with OK Net Asset
Replies: 38
Views: 3544

Re: Why I am not happy even with OK Net Asset

OP, 1) It depends on your annual expense. You have 800K and if your annual expense is 40K, you are doing great. If your annual expense is 200K, you are not doing as well. 2) At this net worth level, it all comes down to the house. If you have a 400K house, you are doing great. If you have a 2 millio...
by KlangFool
Sat Nov 18, 2017 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: What we don't know
Replies: 42
Views: 2754

Re: What we don't know

We really don't know anything when it comes to investing,do we?Almost daily I see posts on Bogleheads that make me feel this way Which is better a CD ladder or bond fund,with interest rates this low? Which is better index funds or a low cost managed fund (Wellington,Wesley,Primecap...)? Am I saving...
by KlangFool
Sat Nov 18, 2017 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: What we don't know
Replies: 42
Views: 2754

Re: What we don't know

We know to save as much as possible, am i save too much and missing life today invest in low cost funds, But something like Bitcoin makes me think is stocks and bonds best pick an appropriate asset allocation, exactly what is best keep debt reasonable Ok I can go with that or use debt sparingly , a...
by KlangFool
Sat Nov 18, 2017 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: What we don't know
Replies: 42
Views: 2754

Re: What we don't know

We really don't know anything when it comes to investing,do we?Almost daily I see posts on Bogleheads that make me feel this way Which is better a CD ladder or bond fund,with interest rates this low? Which is better index funds or a low cost managed fund (Wellington,Wesley,Primecap...)? Am I saving...
by KlangFool
Sat Nov 18, 2017 7:02 pm
Forum: Investing - Help with Personal Investments
Topic: 529 or not 529?
Replies: 21
Views: 1857

Re: 529 or not 529?

OP,

How old are you?

KlangFool
by KlangFool
Sat Nov 18, 2017 8:44 am
Forum: Investing - Theory, News & General
Topic: Is holding bonds now dangerous?
Replies: 133
Views: 9447

Re: Is holding bonds now dangerous?

Playing devil's advocate a bit, current 10 year treasury yields are around 2.3% whereas the S&P index dividend yield is 1.9%. The bond principal and yield is certain never to change over 10 years, whereas the principal and yield on the S&P is likely to increase over the same 10 years. UncleLongHair...
by KlangFool
Fri Nov 17, 2017 9:28 pm
Forum: Investing - Help with Personal Investments
Topic: Refinance 30yr to 15yr mortgage?
Replies: 32
Views: 2792

Re: Refinance 30yr to 15yr mortgage?

OP, Why would you prepay principal on a rental property? A) If it is cash flow positive and you are making money out of it, why would you put more money into it? B) If it is not cash flow positive and you are not making money out of it, why would you keep the property? If you have extra money, inve...
by KlangFool
Fri Nov 17, 2017 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: How to navigate through college expenses and possible early retirement
Replies: 7
Views: 557

Re: How to navigate through college expenses and possible early retirement

OP,

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

You can access Retirement account early without paying penalty. So, there is no reason not to max up all your tax-advantaged accounts.

KlangFool
by KlangFool
Fri Nov 17, 2017 3:57 pm
Forum: Investing - Help with Personal Investments
Topic: Current precarious equity environment for a retiree
Replies: 43
Views: 3131

Re: Current precarious equity environment for a retiree

OP, For the past 10+ years, I have no job security. I could be forced into permanent unemployment and/or under-employment. I could be forced into early retirement at any time. As a result, I planned for the worst with my AA. I could survive a recession/downturn with unemployment lasting 5 years at a...
by KlangFool
Fri Nov 17, 2017 2:49 pm
Forum: Personal Consumer Issues
Topic: Window 10 Update -> Biometric , Cannot log in (Read this)
Replies: 10
Views: 446

Re: Window 10 Update -> Biometric , Cannot log in (Read this)

I have an older HP Envy dv6, and I just got pushed an update last night. If I recall, I uninstalled the fingerprint software quite awhile ago, but I suspect I may be running into this issue later. Thanks for the post. Klang , what's a biometric ? Biometric in this context refers to fingerprint scan...
by KlangFool
Fri Nov 17, 2017 2:14 pm
Forum: Personal Consumer Issues
Topic: Window 10 Update -> Biometric , Cannot log in (Read this)
Replies: 10
Views: 446

Re: Window 10 Update -> Biometric , Cannot log in (Read this)

Can you remove biometric feature? HueyLD, I finally did by uninstalling the HP Simplepass program. It seems to cause a lot of problems and I do not use the fingerprint scanner. KlangFool Soo..this is a case of HP's biometric not playing well with Win 10? Trying to ID if this is an HP/hardware-drive...
by KlangFool
Fri Nov 17, 2017 1:48 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review
Replies: 34
Views: 1871

Re: Portfolio Review

Just looked up the saver's credit and unfortunately between pension and civilian job, my annual household income is not less than $50k. Exafchick, << Note that the credit is based on Adjusted Gross Income; if you contribute to a deductible IRA or 401(k), this will lower your AGI and may make you el...
by KlangFool
Fri Nov 17, 2017 1:42 pm
Forum: Personal Consumer Issues
Topic: Window 10 Update -> Biometric , Cannot log in (Read this)
Replies: 10
Views: 446

Re: Window 10 Update -> Biometric , Cannot log in (Read this)

Rupert wrote:
Fri Nov 17, 2017 1:34 pm
Was this the Windows Creators update? And can you tell us more about your hardware?
Rupert,

1) I believe so.

2) HP Envy 15T laptop.

KlangFool
by KlangFool
Fri Nov 17, 2017 1:41 pm
Forum: Personal Consumer Issues
Topic: Window 10 Update -> Biometric , Cannot log in (Read this)
Replies: 10
Views: 446

Re: Window 10 Update -> Biometric , Cannot log in (Read this)

HueyLD wrote:
Fri Nov 17, 2017 1:33 pm
Can you remove biometric feature?
HueyLD,

I finally did by uninstalling the HP Simplepass program. It seems to cause a lot of problems and I do not use the fingerprint scanner.

KlangFool
by KlangFool
Fri Nov 17, 2017 1:31 pm
Forum: Personal Consumer Issues
Topic: Window 10 Update -> Biometric , Cannot log in (Read this)
Replies: 10
Views: 446

Window 10 Update -> Biometric , Cannot log in (Read this)

Folks, This is FYI. 1) So, Window 10 push an update to my home computer. 2) Then, my laptop computer is running constantly and the fan is on all the time. 3) I found that the biometric service is running wild at 30% of my CPU power. 4) I google and find a way to shut down the biometric service. I sh...
by KlangFool
Fri Nov 17, 2017 1:19 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review
Replies: 34
Views: 1871

Re: Portfolio Review

OP, If you do not need your current income for your living expense, you could contribute more of your income to the pre-tax 401K account. You may do that in order to qualify for saver's credit. https://www.bogleheads.org/wiki/Saver%27s_credit You should do a tax forecast with a tax software to chec...
by KlangFool
Fri Nov 17, 2017 1:06 pm
Forum: Investing - Help with Personal Investments
Topic: Finance Simplicity
Replies: 36
Views: 1869

Re: Finance Simplicity

OP, You work hard for your money. You earn 50K per year. It is about $25 per hour. It takes about 40 hours to earn $1,000. You could spend a few hours learning about the tax laws and saves a few thousand in tax every year. Why won't you do it? Let's conservatively estimate the tax savings/credit tha...
by KlangFool
Fri Nov 17, 2017 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: Finance Simplicity
Replies: 36
Views: 1869

Re: Finance Simplicity

I make $50,000 a year so I'm not in a top tax bracket. I under stand if your making a million a year and you have to pay 40% in taxes. But for someone like me to get ahead and stay simple, - dividing money up in all these different accounts is a no go. jharri1271, At your income level, the differen...
by KlangFool
Fri Nov 17, 2017 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review
Replies: 34
Views: 1871

Re: Portfolio Review

OP, If you do not need your current income for your living expense, you could contribute more of your income to the pre-tax 401K account. You may do that in order to qualify for saver's credit. https://www.bogleheads.org/wiki/Saver%27s_credit You should do a tax forecast with a tax software to chec...
by KlangFool
Fri Nov 17, 2017 9:59 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review
Replies: 34
Views: 1871

Re: Portfolio Review

OP, If you do not need your current income for your living expense, you could contribute more of your income to the pre-tax 401K account. You may do that in order to qualify for saver's credit. https://www.bogleheads.org/wiki/Saver%27s_credit You should do a tax forecast with a tax software to check...
by KlangFool
Fri Nov 17, 2017 9:41 am
Forum: Investing - Help with Personal Investments
Topic: Refinance 30yr to 15yr mortgage?
Replies: 32
Views: 2792

Re: Refinance 30yr to 15yr mortgage?

OP, Why would you prepay principal on a rental property? A) If it is cash flow positive and you are making money out of it, why would you put more money into it? B) If it is not cash flow positive and you are not making money out of it, why would you keep the property? If you have extra money, inves...
by KlangFool
Wed Nov 15, 2017 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: 55+ Early retirement offer.
Replies: 50
Views: 6231

Re: 55+ Early retirement offer.

Rumors are swirling at my employer that an early retirement package will be offered to those 55 and older with 10 years of service. Said semi imaginary package will be up to 1 year return of salary with cobra paid by company. If this does materialize, It sounds very good to me. I think when a compa...