Search found 1479 matches

by BogleMelon
Tue Nov 20, 2018 1:45 pm
Forum: Personal Consumer Issues
Topic: AAA vs. GEICO for Roadside Assistance--Help Me Decide!
Replies: 38
Views: 5838

Re: AAA vs. GEICO for Roadside Assistance--Help Me Decide!

So my AAA Plus (roadside service) membership is renewal bill is due in three days. Is is $129 for a year, and allows tows of up to 100 miles per incident. But a few months ago, we started using GEICO auto insurance, and they provide roadside assistance for no additional cost. We've been buying the ...
by BogleMelon
Tue Nov 20, 2018 12:44 pm
Forum: Personal Consumer Issues
Topic: AAA vs. GEICO for Roadside Assistance--Help Me Decide!
Replies: 38
Views: 5838

Re: AAA vs. GEICO for Roadside Assistance--Help Me Decide!

I have currently (AAA Plus) with my wife. Bought it last year on a discounted rate. If I am going to renew it this June, the website shows me I would pay $200 for both of us :shock: This is not reasonable for me. Let alone that their web site is really cluttered and hard to navigate. It is not poss...
by BogleMelon
Tue Nov 20, 2018 8:38 am
Forum: Investing - Help with Personal Investments
Topic: Current Retirees: Do you touch your principal?
Replies: 73
Views: 7153

Re: Current Retirees: Do you touch your principal?

Watty wrote:
Mon Nov 19, 2018 12:16 am


2) When interest rates and inflation are high your interest and dividends may be well above the safe withdrawal rate for someone that is your age. You could spend too much and risk running out of money.
How can you run out of money if you limit your spending to only dividends and interest?
by BogleMelon
Mon Nov 19, 2018 10:54 am
Forum: Personal Consumer Issues
Topic: Clark Howard - Sign Up For USPS Informed Delivery
Replies: 17
Views: 2768

Re: Clark Howard - Sign Up For USPS Informed Delivery

Even without a credit freeze, in order for someone to apply for a credit card (and got approved) in your name, he has to provide an accurate full SS number and date of birth. How can a crook know this information from just a piece of mail?
by BogleMelon
Sun Nov 18, 2018 8:40 am
Forum: Investing - Help with Personal Investments
Topic: 23 Fund Managed Portfolio: Is this normal?
Replies: 13
Views: 807

Re: 23 Fund Managed Portfolio: Is this normal?

Is it normal for a financial planner to charge so much? How else he would retire early? How else he would buy that yacht and this fancy car he owns or about to own? I am not sure if you gave her education before about "why" index funds, or referred her to any books, studies or this board.. but it w...
by BogleMelon
Fri Nov 16, 2018 12:03 pm
Forum: Investing - Theory, News & General
Topic: New Online Game Teaches Investing
Replies: 2
Views: 363

Re: New Online Game Teaches Investing

Very nice educational game. Thanks for sharing :beer
by BogleMelon
Wed Nov 14, 2018 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Questions to late starters
Replies: 8
Views: 892

Re: Questions to late starters

http://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/ Looks like a 30% savings rate would net you retirement in approximately 28 years. No point in looking into the past at your mistakes but instead planning and working towards your new goals. Everyone else's...
by BogleMelon
Wed Nov 14, 2018 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Questions to late starters
Replies: 8
Views: 892

Questions to late starters

I started saving for retirement around 5 years ago when I was 34 years old. I am now 39 (married, no kids), with a net worth of $130K (80K in retirement accounts). I try to save for retirement around 30% (including employer match) of the gross income each year of me and my wife (around $34,400 shoul...
by BogleMelon
Wed Nov 14, 2018 11:09 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey's advice on investing?
Replies: 67
Views: 7637

Re: Dave Ramsey's advice on investing?

Not many. His investing advice really sucks...bad. DA +1. The guy is a scam artist, but I have to be careful what I say cause I have gotten banned for speaking about Dave here, which I believe is moderated by some pro-Ramsay people. I don't think moderators here ban you because they are pro-Ramsay....
by BogleMelon
Fri Nov 09, 2018 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: 401k Help. They are removing index funds.
Replies: 56
Views: 4014

Re: 401k Removed Index Funds

Does she have to attend that lunch at all? It is highly unlikely that they would change anything in her plan just because she showed up in a lunch. I would be personally unable to sleep the night before, from the high level of anxiety knowing that I am about to meet the investing sharks the next day...
by BogleMelon
Wed Nov 07, 2018 4:23 pm
Forum: Investing - Theory, News & General
Topic: no dividends in index funds!
Replies: 95
Views: 9294

Re: no dividends in index funds!

OP
Some food for your thought:
Vanguard Debunks Dividend Myth
https://www.etf.com/sections/index-inve ... nopaging=1

Irrelevance Of Dividends
https://www.etf.com/sections/index-inve ... nopaging=1
by BogleMelon
Tue Nov 06, 2018 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Ok to remove collision coverage?
Replies: 13
Views: 1024

Re: Ok to remove collision coverage?

mountainsoft wrote:
Tue Nov 06, 2018 11:56 am
What insurance do you have that only costs $112 annually?
Geico. The $112 is only for the collision part.
mountainsoft wrote:
Tue Nov 06, 2018 11:56 am
I didn't see any mention of liability, which is usually required by law
Because it is irrelevant to my question
by BogleMelon
Tue Nov 06, 2018 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Ok to remove collision coverage?
Replies: 13
Views: 1024

Ok to remove collision coverage?

Hi, I have a 2009 Hyundai Sonata with 125K miles on it. Its value (selling to private party) is around $3500-$4000 I have full coverage on it that costs: $112 annually of which $93 for collision while $19 for comprehensive. Deductible is $1000 for each coverage Saved so for for replacing that car, a...
by BogleMelon
Tue Nov 06, 2018 11:08 am
Forum: Investing - Theory, News & General
Topic: Do people calculate savings rate on gross income?
Replies: 118
Views: 7372

Re: Do people calculate savings rate on gross income?

KlangFool wrote:
Tue Nov 06, 2018 10:18 am

The future may not arrive until the person survives the present.

We have to survive in order to succeed.

KlangFool
Nice quote! Thanks!!
by BogleMelon
Tue Nov 06, 2018 10:44 am
Forum: Investing - Theory, News & General
Topic: Do people calculate savings rate on gross income?
Replies: 118
Views: 7372

Re: Do people calculate savings rate on gross income?

Since I will need to spend dollars in retirement, not percents, I calculate my savings in dollars, not percents. This! I do the same. I currently target to save $40K for retirement every year. the rest is either being saved for short/mid term spending or spent. After adopting a new dog, I might not...
by BogleMelon
Wed Oct 31, 2018 10:16 pm
Forum: Personal Consumer Issues
Topic: What does the BH community do with their pets when they travel?
Replies: 78
Views: 6367

Re: What does the BH community do with their pets when they travel?

Thank you for the explanation. Now, the next question, how to find that? google maps, asking a vet, any other way...etc?
Soon to be a pet adopter here. Appreciate the information..
by BogleMelon
Wed Oct 31, 2018 9:47 pm
Forum: Personal Consumer Issues
Topic: What does the BH community do with their pets when they travel?
Replies: 78
Views: 6367

Re: What does the BH community do with their pets when they travel?

English is my second language. What do you guys mean by kennels? I tried googling it with no luck! :oops:
by BogleMelon
Tue Oct 30, 2018 12:42 pm
Forum: Personal Consumer Issues
Topic: People with older car, share your unusual repairs
Replies: 84
Views: 5229

Re: People with older car, share your unusual repairs

Taking on most repairs yourself with the help of Youtube and a handy relative/friend will go a long way postponing your vehicle replacement. Omalley OP here. A good strategy but wouldn't work for me for these reasons: - I live in an apartment in NJ (most months are cold, or rainy, no indoor garage)...
by BogleMelon
Tue Oct 30, 2018 7:40 am
Forum: Personal Consumer Issues
Topic: People with older car, share your unusual repairs
Replies: 84
Views: 5229

Re: People with older car, share your unusual repairs

mmmodem wrote:
Mon Oct 29, 2018 6:52 pm
You've paid $1600 in repairs for the last 5 years. I bet you saved more than that buying a Sonata over a more expensive Accord or Camry.
$1600+time+frustration+anxiety while looking for a good mechanic=???
by BogleMelon
Mon Oct 29, 2018 1:36 pm
Forum: Personal Consumer Issues
Topic: People with older car, share your unusual repairs
Replies: 84
Views: 5229

People with older car, share your unusual repairs

Hi, I am trying to make a judgmental call here on whether it is time to start shopping around for another car (not right now exactly, but after a year). Below is what I spent so far on my car, and would like to know what others have spent on similar cars with similar mileage or age. 2009 Hyundai Son...
by BogleMelon
Sun Oct 28, 2018 8:52 pm
Forum: Personal Consumer Issues
Topic: How many miles (total) on car before buying another car ?
Replies: 114
Views: 7172

Re: How many miles (total) on car before buying another car ?

the most safety is yourself: don't drive and text, I agree. But what about the other motorist who is coming in the opposite direction and texting? You can't control him, but having a car that would protect you, had this careless driver swerved into your lane and head-on collision your car, is price...
by BogleMelon
Sun Oct 28, 2018 4:24 pm
Forum: Personal Consumer Issues
Topic: How many miles (total) on car before buying another car ?
Replies: 114
Views: 7172

Re: How many miles (total) on car before buying another car ?

the most safety is yourself: don't drive and text, I agree. But what about the other motorist who is coming in the opposite direction and texting? You can't control him, but having a car that would protect you, had this careless driver swerved into your lane and head-on collision your car, is price...
by BogleMelon
Sun Oct 28, 2018 10:56 am
Forum: Personal Consumer Issues
Topic: How many miles (total) on car before buying another car ?
Replies: 114
Views: 7172

Re: How many miles (total) on car before buying another car ?

At what miles (total) on the car do you guys buy a new one ? I have a car at 120k and wondering what is a reasonable time to throw it out and buy a new one. I replace mine when they are about ten years old or have about that many miles. I casually start watching for great deals when the cars is 8 o...
by BogleMelon
Sun Oct 28, 2018 10:49 am
Forum: Personal Consumer Issues
Topic: What Memberships/Subscriptions Are Most Valuable To You?
Replies: 68
Views: 4782

Re: What Memberships/Subscriptions Are Most Valuable To You?

danaht wrote:
Sun Oct 28, 2018 9:35 am
Being a member of this country (ie citizenship) is the most valuable thing to me right now. Being a member of my company (ie employed) is the 2nd most valuable membership that I have right now.
+1
An immigrant here. Couldn't be thankful enough, the moment I became a US citizen!
by BogleMelon
Sun Oct 28, 2018 10:14 am
Forum: Personal Consumer Issues
Topic: What Memberships/Subscriptions Are Most Valuable To You?
Replies: 68
Views: 4782

Re: What Memberships/Subscriptions Are Most Valuable To You?

onourway wrote:
Sat Oct 27, 2018 12:56 pm
You Need a Budget software.

Easily pays for itself many times over in how it simplifies our finances and ensures our spending is optimally aligned with our goals.
+10000000000
I favor YNAB 4 though than the new subscription one
by BogleMelon
Wed Oct 24, 2018 9:11 am
Forum: Investing - Help with Personal Investments
Topic: Schwab Intelligent Portfolio is crashing...
Replies: 36
Views: 3936

Re: Schwab Intelligent Portfolio is crashing...

I just have a hard time seeing my account drop $21,000 In a period of 2 months. OP, during the same period, how much your home value dropped? Would you care? Did the drop in your house affected the "number of rooms"?! You own shares in companies (and you own a house), everyday for whatever reason, ...
by BogleMelon
Mon Oct 22, 2018 10:29 pm
Forum: Investing - Help with Personal Investments
Topic: Timing the market - Some say it’s possible?
Replies: 44
Views: 2786

Re: Timing the market - Some say it’s possible?

BigBevo: This is what experts say: These people are just as experts as active funds managers. They have a product and a philosophy to sell. They are by no means objective researchers in the filed. Believing Boggle is almost as wrong as believing those hedge fund guys. Selling a philosophy doesn't m...
by BogleMelon
Mon Oct 22, 2018 2:54 pm
Forum: Investing - Theory, News & General
Topic: Set it and forget it
Replies: 47
Views: 9270

Re: Set it and forget it

What are they showing for returns on the GIF? Prior Month: 0.09% Prior Quarter: 0.28% 1 YR: 1.03% 5 YR: 1.13% 10 YR {or since inception}: 1.69% You can put bonds in a IRA if you have one, or use taxable with tax-efficient bonds. That is exactly what I am doing. I am using IRA's and spouse state ret...
by BogleMelon
Mon Oct 22, 2018 1:41 pm
Forum: Investing - Theory, News & General
Topic: Help me understand dividends
Replies: 146
Views: 13182

Re: Help me understand dividends

Though many would say a buyback is a better choice for those who don't want to receive income from an equity/mutual fund in a taxable account. And buybacks seem to be favored these days, e.g. https://fm.cnbc.com/applications/cnbc.com/resources/editorialfiles/charts/2018/06/1528127140_0604_buybacks_...
by BogleMelon
Mon Oct 22, 2018 1:37 pm
Forum: Investing - Theory, News & General
Topic: Set it and forget it
Replies: 47
Views: 9270

Re: Set it and forget it

Target Date Fund. All I do is check my balance periodically, feed it, and watch it grow. Simplicity at its best. What would you do if you don't have a TD fund in your 401K and most of your funds are crappy except may be one SP500 index fund? How would you maintain your AA across all your accounts w...
by BogleMelon
Mon Oct 22, 2018 8:10 am
Forum: Investing - Theory, News & General
Topic: Set it and forget it
Replies: 47
Views: 9270

Re: Set it and forget it

Target Date Fund. All I do is check my balance periodically, feed it, and watch it grow. Simplicity at its best. What would you do if you don't have a TD fund in your 401K and most of your funds are crappy except may be one SP500 index fund? How would you maintain your AA across all your accounts w...
by BogleMelon
Mon Oct 22, 2018 8:06 am
Forum: Personal Consumer Issues
Topic: Pixel phone: can't make or receive calls but data works
Replies: 9
Views: 801

Re: Pixel phone: can't make or receive calls but data works

Here is how I would try to solve it in the same order:
1- Contact AT&T and make sure that it is not their problem
2- Reset the phone to the factory setting
3- Acknowledge the phone has a hardware issue and try to repair/change it depending on the cost of repairing, warranty..etc
by BogleMelon
Mon Oct 22, 2018 7:23 am
Forum: Investing - Theory, News & General
Topic: Help me understand dividends
Replies: 146
Views: 13182

Re: Help me understand dividends

Theoretically, Dividends mean the company you own has already made money and is profitable and that is why they are cashing out some of their value. It is like owning a company, and you are the sole owner, and you take some of your company's profits home. At the end of the day, you own the company a...
by BogleMelon
Sun Oct 21, 2018 9:40 pm
Forum: Personal Consumer Issues
Topic: Dentist "Service Fee" for Filing Insurance Claim?
Replies: 33
Views: 3244

Re: Dentist "Service Fee" for Filing Insurance Claim?

totalnoobie wrote:
Sun Oct 21, 2018 6:48 pm
Is this typical?

I never heard of it!
by BogleMelon
Sat Oct 20, 2018 10:19 pm
Forum: Investing - Help with Personal Investments
Topic: My Edward Jones IRA is out performing my Vanguard 401K
Replies: 76
Views: 9993

Re: My Edward Jones IRA is out performing my Vanguard 401K

OP, during a marathon, it doesn't matter who is in the lead for a few minutes, and that is after assuming that EJ outperformed and there isn't any "gottcha's". EJ strategy is active management with high fees over years. ~1.25% on top of funds ER is crazy high, that expense amount is based on your en...
by BogleMelon
Fri Oct 19, 2018 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Give 1 Week Notice: Can Employer Retaliate by Not Paying Vacation?
Replies: 53
Views: 5077

Re: Give 1 Week Notice: Can Employer Retaliate by Not Paying Vacation?

tjhar wrote:
Fri Oct 19, 2018 3:36 pm
and the best I can find is some policy for one month's notice (seriously?),
Did you sign for that?

Also it depends on your state laws.
by BogleMelon
Fri Oct 19, 2018 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Thank you from a widow
Replies: 24
Views: 4850

Re: Thank you from a widow

So sorry for your loss, Mintee. There are other difficult stories, as well. I am not sure if I am the only one here who is interested in learning financial difficult stories of others. The reason is I'm far away from retirement age, and I find it very educational and very refreshing to read real lif...
by BogleMelon
Fri Oct 19, 2018 2:32 pm
Forum: Personal Consumer Issues
Topic: Selling to CarMax if maintenance light is on?
Replies: 33
Views: 3026

Re: Selling to CarMax if maintenance lights on?

Read the manufacturer manual book to know exactly what should be changed at that mileage and change it at any local mechanic. I have a Hyundai Sonata 2009 with similar value, with a check engine on, and will need some brake job, yet I am fixing it. I am not ready for buying another car now, YMMV of ...
by BogleMelon
Fri Oct 19, 2018 9:58 am
Forum: Investing - Help with Personal Investments
Topic: Is my IRA underperforming?
Replies: 15
Views: 1662

Re: Is my IRA underperforming?

I started a Roth IRA with Merrill Lynch back in March. I opened it with a max contribution of 11k (5.5k each for 2017 and 2018) right off the bat. As of today, it's currently at $10,730. I realize it's only been 8 months and the market has been a little rocky lately, but should I be ok with that? W...
by BogleMelon
Thu Oct 18, 2018 3:49 pm
Forum: Investing - Help with Personal Investments
Topic: Three Fund Questions
Replies: 4
Views: 576

Re: Three Fund Questions

Question #1) Should we consider anything else beyond stock and bond investments when setting up our three funds? For example, should we account for home equity as part of the bond allocation? If you can partially sell/buy your house whenever you need to, to rebalance, then yes! Otherwise no (so the...
by BogleMelon
Thu Oct 18, 2018 9:05 am
Forum: Investing - Help with Personal Investments
Topic: Spoke with a CFP...underwhelming!
Replies: 51
Views: 5307

Re: Spoke with a CFP...underwhelming!

staythecourse wrote:
Thu Oct 18, 2018 8:33 am
I've never understood why folk's care WHERE a piece of advice is coming from.
Because Ad hominem is very tempting https://en.wikipedia.org/wiki/Ad_hominem
by BogleMelon
Thu Oct 18, 2018 9:03 am
Forum: Investing - Help with Personal Investments
Topic: Spoke with a CFP...underwhelming!
Replies: 51
Views: 5307

Re: Spoke with a CFP...underwhelming!

DanMahowny wrote:
Thu Oct 18, 2018 8:29 am


2) I made the mistake of "hiring" a friend (insurance agent). Never again. Too hard to fire them.
+1
I learned the hard way also to never mix friends/relatives with business/money
by BogleMelon
Wed Oct 17, 2018 3:01 pm
Forum: Investing - Theory, News & General
Topic: Too Much Apple [AAPL] Stock
Replies: 55
Views: 5907

Re: Too Much APPL Stock

Would you buy the same amount of AAPL stocks today if you didn't have it?
by BogleMelon
Wed Oct 17, 2018 2:59 pm
Forum: Investing - Help with Personal Investments
Topic: advice on first home
Replies: 28
Views: 1768

Re: advice on first home

OP in case that makes you feel better here is my situation: 39 years old here, married. I pay in rent $1300/mo. We (me and DW) bring home after maxing out my own 401K + another $10K in my wife's 401K: $4300 Our 2 bedroom apartment is tiny that we weren't able to buy 2 bikes for lack of storage area!...
by BogleMelon
Mon Oct 15, 2018 1:02 pm
Forum: Investing - Theory, News & General
Topic: "Turn Off The Financial News"
Replies: 13
Views: 1920

Re: "Turn Off The Financial News"

I watch it for fun and will never stop. Financial news have the same impact on me the same way GTA game series impacting me to become a criminal! Hint: I am playing GTA since GTA 2 was released in 1999 and still so peaceful and never broke a law!
by BogleMelon
Mon Oct 15, 2018 11:57 am
Forum: Personal Consumer Issues
Topic: Boglehead's Car Talk
Replies: 35
Views: 3426

Re: Boglehead's Car Talk

RootSki wrote:
Sun Oct 14, 2018 9:24 pm
Life is too short to drive boring cars.
It becomes way shorter when wasting 8 hours a day Mon-Fri working. I'd rather prefer building wealth and be free of the rat race than driving a fast car and get tickets! (roads are capped at 65 mph here, so fast car don't make sense in my state)
by BogleMelon
Thu Oct 11, 2018 9:18 pm
Forum: Personal Consumer Issues
Topic: What backup service to use?
Replies: 74
Views: 8348

Re: What backup service to use?

I'm testing Backblaze with Mac OS X. I've only been using it for four weeks and don't have a definitive opinion yet. I'm quite unhappy about what Code42 (Crashplan) did, and it's too long a story but the reason why I'm not just using up my remaining year with them is that I just upgraded to a new M...
by BogleMelon
Mon Oct 08, 2018 9:08 am
Forum: Personal Consumer Issues
Topic: What purchase saved you the most money?
Replies: 136
Views: 12936

Re: What purchase saved you the most money?

a $150 paid to the US embassy 7 years ago, saved me my life (by being able to legally immigrate to US and have a way better life) :happy
by BogleMelon
Mon Oct 08, 2018 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Would you buy this insurance policy?
Replies: 9
Views: 460

Re: Would you buy this insurance policy?

It depends on your answer to this question: If you had a $3500 car, would you insure it (collision and comprehensive) given a premium of $1000/yr and $0 deductible? Name of the insurance doesn't really matter. You are insuring a potential $3500 loss by paying $1000/yr upfront. Unless you expect to h...