Search found 388 matches

by Rainmaker41
Mon Sep 25, 2017 9:41 am
Forum: Personal Consumer Issues
Topic: Tipping question....Applebees
Replies: 71
Views: 4672

Re: Tipping question....Applebees

I tip 15% of the pre-tax amount (although I don't eat out often), and consider this generous; the standard used to be 10%, so I have drawn a line in the sand. I advocate for a no-tipping culture in which restaurants pay the true market cost of their labor (as is theoretically the case for other busi...
by Rainmaker41
Thu Sep 21, 2017 9:05 pm
Forum: Investing - Help with Personal Investments
Topic: Investing Advice - Military
Replies: 13
Views: 736

Re: Investing Advice - Military

Welcome. I suggest reading this little pamphlet. https://www.etf.com/docs/IfYouCan.pdf You will learn the principles of simple, no-nonsense investing, and the importance of keeping costs/fees low. I second the suggestion above to fill your TSP and/or Roth IRA with effectively the entirety of your in...
by Rainmaker41
Wed Sep 20, 2017 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 23641

Re: Calling out the not so rich bogleheads

We are 'normal' American earners in our mid-late 20's; making under $60k in 2017 and maybe under $75k in 2018 between us. After college one of us worked off and on again as a clerk for a temp agency and the other for minimum wage. We've clawed our way out of that, and are both doing a bit better now...
by Rainmaker41
Fri Sep 15, 2017 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Wiki article - Credit freeze
Replies: 41
Views: 5050

Re: Wiki article - Credit freeze

I concur with adding basic info on ChexSystems and Innovis. More importantly, great job LadyGeek!
by Rainmaker41
Tue Sep 12, 2017 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 636
Views: 38312

Re: Equifax customer information leak

Update- after Equifax announced credit freezes would be free for 30 days (but didn't specify whether those who already froze would have ours refunded), I called my credit card issuer. They agreed to refund the transaction, and confirmed that the bank won't take the financial hit; they'll claw back t...
by Rainmaker41
Tue Sep 12, 2017 12:32 pm
Forum: Personal Consumer Issues
Topic: Equifax - credit freeze is now free?
Replies: 51
Views: 5761

Re: Equifax - credit freeze is now free?

I've been in touch with Equifax across several channels. On social media, Equifax has stated they are not refunding the cost to freeze one's credit report with them, nor are they reimbursing costs to freeze credit with other bureaus. I suppose that makes sense, since ~ $10 * 3 bureaus * every adult ...
by Rainmaker41
Mon Sep 11, 2017 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 636
Views: 38312

Re: Equifax customer information leak

Experian charged our credit cards multiple times while we tried to freeze our credit. Frozen for one of us, not for the other. I notified both credit card companies' fraud teams that I was charged multiple times for services not provided, and that if the charges posted I would dispute them.
by Rainmaker41
Sun Sep 10, 2017 8:20 pm
Forum: Personal Consumer Issues
Topic: Consider freezing your credit
Replies: 66
Views: 9683

Re: Consider freezing your credit

Experian credit freeze failed for me first time. It worked the second. Credit card was charged twice.

Experian credit freeze failed twice for her. Credit card was charged twice with no service completed.

Will be filing a CFPB complaint.
by Rainmaker41
Sat Sep 09, 2017 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else freeze their credit score?
Replies: 126
Views: 10886

Re: Anyone else freeze their credit score?

- Verified two-factor authentication was in place for financial accounts & verified email alerts for all non-credit card transactions. - Setup two-factor authentication for Google accounts..... Not sure 2 factor is all that great (?) A hacker could call Sprint AT&T etc and port your phone # to a ne...
by Rainmaker41
Sat Sep 09, 2017 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else freeze their credit score?
Replies: 126
Views: 10886

Re: Anyone else freeze their credit score?

I agree with the first poster; we've preemptively declared war on thieves... - We froze our credit with the three bureaus as well as Chexsystems (used for new bank accounts). - Verified two-factor authentication was in place for financial accounts & verified email alerts for all non-credit card tran...
by Rainmaker41
Fri Sep 08, 2017 3:28 pm
Forum: Personal Consumer Issues
Topic: Freeze Credit for free without police report
Replies: 26
Views: 2428

Re: Freeze Credit for free without police report

Equifax's total assets in 2016 were 6.664 billion dollars according to Wikipedia. Even were the company dismantled and everything down to the last stapler sold at auction, dividing that sum by the 143 million people impacted by the data breach comes to just $46.60 each. :annoyed This goes beyond one...
by Rainmaker41
Fri Sep 08, 2017 1:58 pm
Forum: Personal Consumer Issues
Topic: Freeze Credit for free without police report
Replies: 26
Views: 2428

Re: Freeze Credit for free without police report

It looks like Equifax put out the usual free credit monitoring (but no identity theft resolution service, let alone insurance, is included) for a year in exchange for surrendering the right to sue in court. I've now given up and decided to just freeze my credit reports at all three bureaus; Equifax,...
by Rainmaker41
Fri Sep 08, 2017 8:43 am
Forum: Personal Consumer Issues
Topic: Freeze Credit for free without police report
Replies: 26
Views: 2428

Re: Freeze Credit for free without police report

I got the 'check back on 9/12 to sign up', which implies I was affected. When T-Mobile customers' SSNs were leaked by Experian 2 years ago, I signed up for the 2 year monitoring (which expires in 43 days...). I was then told I couldn't join the class action lawsuit. This time around, I'm thinking jo...
by Rainmaker41
Fri Sep 08, 2017 8:36 am
Forum: Personal Consumer Issues
Topic: Freeze Credit for free without police report
Replies: 26
Views: 2428

Freeze Credit for free without police report

I'm planning to write all three credit bureaus demanding they freeze our credit for free, and attaching an article about the Equifax leak in lieu of a police report.

Or should I pay the $10 fee x 2 people x 3 bureaus = $60, and then sue Equifax for that amount plus time and stress?
by Rainmaker41
Thu Sep 07, 2017 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: What is the main purpose of holding your current job?
Replies: 66
Views: 5426

Re: What is the main purpose of holding your current job?

1.5 -> I like my job but not so much that I am willing to work for free. (Even if I did like it enough to work for free, I am not wealthy enough to not have to work for life).
by Rainmaker41
Tue Sep 05, 2017 5:00 pm
Forum: Investing - Help with Personal Investments
Topic: First Time 401K Investor
Replies: 14
Views: 617

Re: First Time 401K Investor

So it seems like the VASGX is the way to go for 100% of my portfolio from the feedback i've been receiving. What makes it so different than the others? @totality mentioned it was already a full profile with 80/20 split between stocks and bonds. Is that the only thing? Bascially, LifeStrategy Growth...
by Rainmaker41
Thu Aug 31, 2017 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: What should the savings be for an average professional
Replies: 167
Views: 15874

Re: What should the savings be for an average professional

As of quite recently, we now make at most $75k annually between the two of us. We've filled Roth IRAs for a couple years now, and are making strides in a 401k-type plan. The plan is to fill up that $29k space every year from 2018 onward, which is a savings rate somewhere around 40%. Assuming current...
by Rainmaker41
Wed Aug 30, 2017 11:43 am
Forum: Investing - Help with Personal Investments
Topic: RMD from Target Retirement Fund?
Replies: 2
Views: 300

Re: RMD from Target Retirement Fund?

Yes, the dollars required to be distributed can be invested in the same target date fund in a taxable account. The bond component will throw off income that is taxed at your top marginal ordinary income tax rate, making it tax-inefficient to hold bonds in a taxable account. A stock fund is in most c...
by Rainmaker41
Tue Aug 22, 2017 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: What is your cash reserve limit, above which you invest?
Replies: 25
Views: 2661

Re: What is your cash reserve limit, above which you invest?

Reserve: 6 months' expenses, including cost of Marketplace health insurance in case of job loss, in cash savings and CDs. Contingency (travel, electronics, furniture, clothes): Planned annually. If $3k / year, then $250 / month is transferred to savings unless spent. Assuming income is stable, if th...
by Rainmaker41
Wed Aug 16, 2017 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: How can I keep track of my monthly spendings?
Replies: 27
Views: 1820

Re: How can I keep track of my monthly spendings?

Back when I barely made enough income to get by, I used to meticulously track every expense and balance all accounts every few days. Now I have an annual financial plan in which the goal is to maintain auto-contributions to investment accounts and for cash (savings and checking) to be roughly the sa...
by Rainmaker41
Wed Aug 16, 2017 11:38 am
Forum: Investing - Theory, News & General
Topic: Social Security for Millennials
Replies: 159
Views: 18755

Re: Social Security for Millennials

I'm a millennial, 34. Yes, I'm counting on SS, but I don't think about it. I'm trying to prepare like SS will be gravy as mentioned above. I know many of us millennials are concerned about this, but from the folks I know who made $50K a year and are retireing on a small nest egg (maybe 100-200K) an...
by Rainmaker41
Sun Aug 13, 2017 8:06 am
Forum: Personal Finance (Not Investing)
Topic: How does personal wealth affect job hunting?
Replies: 57
Views: 6965

Re: How does personal wealth affect job hunting?

This 1969 advertisement from a bank is applicable in my view: ' The Pleasure of Walking Tall Your savings, believe it or not, affect the way you stand, the way you walk, the tone of your voice. In short, your physical well-being and self-confidence. A man without savings is always running. He must. ...
by Rainmaker41
Sat Aug 12, 2017 5:23 pm
Forum: Investing - Help with Personal Investments
Topic: Need help in selecting Bond index equivalent at workplace 401K option
Replies: 9
Views: 617

Re: Need help in selecting Bond index equivalent at workplace 401K option

3% real return is a more optimistic long-run return than I 'plan' on getting for my entire portfolio during my career! If there are no gotchas or withdrawal restrictions/penalties , then I'd absolutely use that for the bond portion of your allocation. The risk-adjusted return on it sounds incredible.
by Rainmaker41
Sat Aug 12, 2017 1:48 pm
Forum: Investing - Help with Personal Investments
Topic: Thank you Bogleheads
Replies: 2
Views: 580

Thank you Bogleheads

I want to thank the Bogleheads community for its wisdom, inspiration, and encouragement. Two years ago I was still working for a temp agency two years out of college, and learned my current assignment was ending. Another opportunity came up, and it has ultimately led to a permanent job paying nearly...
by Rainmaker41
Fri Aug 11, 2017 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Navy Fed CU 5-month 3% $10k CDs
Replies: 7
Views: 1535

Re: Navy Fed CU 5-month 3% $10k CDs

Sigh... no 'donate $5 to this charity to be eligible to join the credit union' option.
by Rainmaker41
Wed Aug 09, 2017 4:44 pm
Forum: Personal Consumer Issues
Topic: small plan 403b contribution deadline
Replies: 0
Views: 140

small plan 403b contribution deadline

My nonprofit, non-church employer's 403b plan has fewer than 100 active participants. We are paid twice a month, and the most recent contribution was for June 30th, and was not deposited until July 20th. As of August 8th, the contribution for July 15th has not been made to the plan. From 2016 throug...
by Rainmaker41
Tue Aug 01, 2017 1:36 pm
Forum: Personal Consumer Issues
Topic: What are your monthly expenses?
Replies: 59
Views: 6123

Re: What are your monthly expenses?

2 person household, 0 kids, high cost of living city Health insurance for employee and spouse: 320 pre-FICA & income tax --- Rent: 1,275 (including water & trash in economical studio) Electricity: 70 (guess; just moved to a new apartment) Phones & Internet: 130 (not counting new devices as needed) F...
by Rainmaker41
Thu Jul 20, 2017 3:49 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on life insurance while young…
Replies: 10
Views: 944

Thoughts on life insurance while young…

Thoughts on life insurance while young… Assume: $50k retirement accounts and $15k cash at the end of 2017. We are 26 in good health, and currently have no kids, mortgage, or debt. If one of us died, the other would lose access to up to 50k in gross annual income. She or I would lose the economy of s...
by Rainmaker41
Thu Jul 13, 2017 10:42 am
Forum: Investing - Help with Personal Investments
Topic: Improving a 403b plan
Replies: 3
Views: 367

Re: Improving a 403b plan

CyclingDuo, your suggestions are brilliant. Thank you.

Our Roth IRAs will be maxed out for the 2017 tax year. :)
by Rainmaker41
Tue Jul 11, 2017 8:13 pm
Forum: Investing - Help with Personal Investments
Topic: Improving a 403b plan
Replies: 3
Views: 367

Improving a 403b plan

Hello all, I am a fairly junior member of my employer's HR team. Today while I was routinely requesting paperwork, form templates, etc. for our employees, our 403b plan advisor (CFP of some kind) mentioned to me that he thought it was time for us to look at doing a total refresh of the plan for Janu...
by Rainmaker41
Fri Jul 07, 2017 8:20 pm
Forum: Investing - Help with Personal Investments
Topic: Living off of Taxable to max 401K
Replies: 11
Views: 859

Re: Living off of Taxable to max 401K

We are doing this now. Because our situation has changed for the better, we have surplus cash. To get the full benefit of my flat 25% 403b match, we have to fill it up. It's not using up taxable to cover an operating deficit in my book; it's moving taxable *into* the work plan indirectly. :) Inciden...
by Rainmaker41
Thu Jul 06, 2017 4:04 am
Forum: Investing - Help with Personal Investments
Topic: Keep Intl. Stock AA in IRA or Avoid 403b bond fund ER?
Replies: 3
Views: 280

Re: Keep Intl. Stock AA in IRA or Avoid 403b bond fund ER?

Thank you. When I say my US stock allocation in my IRA will fall to $3,000, I mean that, in addition to contributing $500 monthly to the international stock fund, I would need to exchange some US stock for international stock in the IRA. The monthly 403b contribution is disproportionately large enou...
by Rainmaker41
Wed Jul 05, 2017 7:55 pm
Forum: Investing - Help with Personal Investments
Topic: (26YO) Financial/Investment Life Planning (Opinions wanted).
Replies: 19
Views: 1367

Re: (26YO) Financial/Investment Life Planning (Opinions wanted).

100% match on first 3% and 50% match on next 2% is a higher instant return than the 10% student loans. Keep getting the full 401k match; it's free money. After that, I agree with other posters that all available income should be shoveled at the debt. Welcome to the forum and good luck. You've got tw...
by Rainmaker41
Wed Jul 05, 2017 7:32 pm
Forum: Investing - Help with Personal Investments
Topic: Keep Intl. Stock AA in IRA or Avoid 403b bond fund ER?
Replies: 3
Views: 280

Keep Intl. Stock AA in IRA or Avoid 403b bond fund ER?

Portfolio Today Cash: Sufficient reserves & wedding expenses set aside. Debt: 0. Tax Filing Status: Federal: Married Filing Joint. State: Married Filing Separately on the Same Return (DC after July for Her; partial year) Tax Rate: 15% Federal, 6% State State of Residence: DC/MD Age: 27 & 26 for 201...
by Rainmaker41
Mon Jul 03, 2017 3:56 pm
Forum: Investing - Help with Personal Investments
Topic: Help a 21 y/o Vanguard Investor with a Taxable Account
Replies: 55
Views: 3430

Re: Help a 21 y/o Vangaurd Investor with a Taxable Account

Do not underestimate the value of tax-advantaged accounts in the long run. Consider drawing down surplus cash while simultaneously increasing contributions to your 401k. In effect, you are moving taxable cash into tax-advantaged investments.
by Rainmaker41
Sun Jul 02, 2017 4:46 pm
Forum: Investing - Theory, News & General
Topic: Effective Tax Rate
Replies: 10
Views: 1330

Re: Effective Tax Rate

My definitions Taxes: all taxes which are based on income, paid by the employee. FICA, Federal, State, and Local. Gross Income: gross wages & salary plus employer contributions to any tax-advantaged accounts before deductions for benefits and tax-advantaged account contributions of any kind. Techni...
by Rainmaker41
Sat Jul 01, 2017 6:38 pm
Forum: Investing - Theory, News & General
Topic: When Did You Start Investing Your Own Money?
Replies: 47
Views: 3291

Re: When Did You Start Investing Your Own Money?

A few weeks after I turned 25 back in December 2015, I took a nontrivial chunk of my life savings and threw $3.5k into a Vanguard IRA to just squeak under the AGI limit for the full ~ nominal $1,000 ~ Saver's Credit. This was 16% of my gross income of $22k for the year, but wiped out the entirety of...
by Rainmaker41
Fri Jun 16, 2017 10:00 pm
Forum: Investing - Help with Personal Investments
Topic: Permanent job (finally), curious 403b match; thoughts?
Replies: 6
Views: 804

Permanent job (finally), curious 403b match; thoughts?

Thank you Bogleheads! After 1.5 years with my employer as a temp whose contract kept being extended, I now have an offer for a full-time permanent job from July onward. I was to be laid off at the end of June from my department, but was invited to apply for a position in an expanding department. I h...
by Rainmaker41
Tue Jun 06, 2017 4:35 pm
Forum: Personal Consumer Issues
Topic: [Moving to] Washington, DC Navy Yard Area
Replies: 12
Views: 1309

Re: Washington, DC Navy Yard Area

Your feet are more reliable than the metro, which is more reliable in turn than attempting to drive in DC during rush hour (or ever really).
by Rainmaker41
Wed May 24, 2017 8:39 am
Forum: Investing - Help with Personal Investments
Topic: Transfer existing 401K to SEP-IRA or Solo 401K ?
Replies: 3
Views: 180

Re: Transfer existing 401K to SEP-IRA or Solo 401K ?

IMPORTANT: He does NOT want to have to offer the new SEP or Solo 401K to his employees. Too much headache right now. This is why the IRS has nondiscrimination testing and requires 401k plans to be available to most employees, with allowed exclusions until X hours worked, etc. Congress has decreed t...
by Rainmaker41
Thu May 18, 2017 8:52 pm
Forum: Investing - Help with Personal Investments
Topic: Is it better to stay at 19 or 24 paychecks per year?
Replies: 18
Views: 1902

Re: Is it better to stay at 19 or 24 paychecks per year?

you're giving them a 0% loan if you do 24 paychecks. I'm making a couple assumptions here, but with 19 paychecks, by August 15 you will have received about 52% of your yearly pay. If you were paid 24 times a year, by August 15 you will have received 62.5% of your yearly pay. Taking 19 paychecks is ...
by Rainmaker41
Tue May 16, 2017 4:25 pm
Forum: Investing - Help with Personal Investments
Topic: Article: "Our emergency fund is exactly $0.00"
Replies: 73
Views: 8352

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

My job is not guaranteed. I don't have taxable investments, only taxable cash. The opportunity cost of sacrificed theoretical long-term gains is the premium I pay to insure myself against hefty emergencies. This self-insurance package also includes not having to worry about complicated or stress-in...
by Rainmaker41
Tue May 16, 2017 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: Article: "Our emergency fund is exactly $0.00"
Replies: 73
Views: 8352

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

My job is not guaranteed. I don't have taxable investments, only taxable cash. The opportunity cost of sacrificed theoretical long-term gains is the premium I pay to insure myself against hefty emergencies. This self-insurance package also includes not having to worry about complicated or stress-ind...
by Rainmaker41
Mon May 15, 2017 8:11 am
Forum: Personal Consumer Issues
Topic: How do Bogleheads buy cars?
Replies: 71
Views: 8516

Re: How do Bogleheads buy cars?

Caduceus wrote:I think the new generation of Bogleheads will just uber everywhere. No more car purchases. :D


I just walk or failing that take public transit. Taking a taxi/Uber unnecessarily goes against the tightfisted way I was raised. :)
by Rainmaker41
Fri May 12, 2017 8:01 am
Forum: Investing - Help with Personal Investments
Topic: 403b election withheld, but not all contributed to plan
Replies: 4
Views: 553

Re: 403b election withheld, but not all contributed to plan

Update: My employer made a corrective contribution to my account, so my 403b is now good for pay through the middle of April. Now I just have to contend with late 403b contributions in general. I am now paid via ACH transaction initiated on the first business day after the 15th and end of the month ...
by Rainmaker41
Sat May 06, 2017 11:24 am
Forum: Personal Finance (Not Investing)
Topic: savings account versus money market fund
Replies: 13
Views: 2512

Re: savings account versus money market fund

Capital One 360 has a Money Market Account . If you want to stay at Capital One, the $10k minimum MMA offers 1% APY. You can have less than $10k in the MMA, but the interest will be less; 0.60% APY. Given your setup, moving all 'savings' designated cash to the MMA makes sense to me. Other online ban...
by Rainmaker41
Fri May 05, 2017 4:23 pm
Forum: Investing - Help with Personal Investments
Topic: Which to Fund First? Roth IRA vs 401k
Replies: 10
Views: 906

Re: Which to Fund First? Roth IRA vs 401k

The standard thinking in general is to: 1. first contribute to the 401k up the employer match to essentially increase your gross salary via savings. 2. then contribute to your IRA (Roth or traditional pre-tax as you judge sensible) if that gives access to lower ER investments. Your calculations are ...
by Rainmaker41
Fri May 05, 2017 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: When you didn't have 401(k)/403(b), did you have IRA?
Replies: 46
Views: 2496

Re: When you didn't have 401(k)/403(b), did you have IRA?

So what nudges can the free market provide? 1. The desire to save. 2. The means to save. Sufficient income decently above the poverty level to do so. 3. The know-how to save efficiently. Educational efforts by non-state entities (AARP? Bogleheads? etc.) on the need and know-how to invest for retire...
by Rainmaker41
Fri May 05, 2017 11:18 am
Forum: Personal Finance (Not Investing)
Topic: When you didn't have 401(k)/403(b), did you have IRA?
Replies: 46
Views: 2496

Re: When you didn't have 401(k)/403(b), did you have IRA?

Someone linked to an enlightening report in another thread. Who actually contributes to Individual Retirement Accounts (not including Bogleheads )? Interesting report by Center for Retirement Research at Boston College. Here's the link: m IRAs are intended as consolation 401k or pension plans for wo...
by Rainmaker41
Fri May 05, 2017 11:09 am
Forum: Investing - Theory, News & General
Topic: U.S. SEC approves request to list quadruple-leveraged ETFs
Replies: 27
Views: 2509

Re: U.S. SEC approves request to list quadruple-leveraged ETFs

Please tell me this is a joke. I didn't even know leveraged ETFs existed; seems their purpose is to make day trading even more volatile and casino-like.