Search found 101 matches

by workerbeeengineer
Mon Oct 22, 2018 11:30 pm
Forum: Investing - Help with Personal Investments
Topic: 529: Just getting started
Replies: 14
Views: 1109

Re: 529: Just getting started

I live in Florida, 2 kids. I went with the Vanguard 529, administered by Nevada. I like that it's with Vanguard, can see it in my regular VG account page and is relatively low fees. We live in California, which unlike Florida most definitely has a state income tax. However, since there is no deduct...
by workerbeeengineer
Thu Oct 18, 2018 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: Masters Degree Advice
Replies: 25
Views: 2402

Re: Masters Degree Advice

Regarding the requirement to stick with the company for a period of time if they paid the grad school tuition (or they will claw it back)...after paying for my MS and allowing me to work 2 years reduced hours at full time pay, I was called into the department office. Was told by the Business Manager...
by workerbeeengineer
Thu Oct 18, 2018 8:04 am
Forum: Investing - Help with Personal Investments
Topic: would you buy bonds or corporate bonds now?
Replies: 19
Views: 1746

Re: would you buy bonds or corporate bonds now?

David Swenson, the Chief Investment Officer at Yale, argues against Corp Bonds in his book Unconventional Success - A Fundamental Approach to Personal Investment. He cites credit risk, lack of liquidity, and callability. He views callable bonds as " heads I win, tails you lose" from the issuer's per...
by workerbeeengineer
Thu Oct 18, 2018 12:21 am
Forum: Personal Finance (Not Investing)
Topic: Kids inherited $8,000 each - 529 or regular brokerage?
Replies: 34
Views: 2251

Re: Kids inherited $8,000 each - 529 or regular brokerage?

I don’t recognize the term “custodial 529”. A 529 plan incurs no tax on earnings if the proceeds are utilized for legitimate college expenses ( tuition, fees, room & board, etc.)
by workerbeeengineer
Wed Oct 17, 2018 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: Masters Degree Advice
Replies: 25
Views: 2402

Re: Masters Degree Advice

Somewhat similar experience as LawEgr1. In some or maybe even most Aero/ Defense companies, the Systems Engineers rule. However, be aware that it’s not all glory. Some aspects of Systems Engineering can be unglamorous imo. Requirements flow down and requirements verification planning for example don...
by workerbeeengineer
Mon Oct 15, 2018 9:08 am
Forum: Investing - Theory, News & General
Topic: Sears, a 125 year old company is now a penny stock.
Replies: 123
Views: 14518

Re: Sears, a 125 year old company is now a penny stock.

Just to add another comment...I remember the phase when Sears tried having a Stock Brokerage desk in the store. I think it was Dean Whiter (spelling?) or something close. I had left my first employer after college and had a few ESOP shares of stock. Was able to sell those shares using this service. ...
by workerbeeengineer
Mon Oct 15, 2018 8:43 am
Forum: Personal Finance (Not Investing)
Topic: When to stop putting money into an older vehicle
Replies: 90
Views: 6170

Re: When to stop putting money into an older vehicle

In addition to cost, reliability is an important criteria for me. If I have a vehicle that I cannot trust for a trip or that I am having to do too many repairs, regardless of expense, it is time to replace it. However, some things are just wear and tear like the brakes cited by OP that are required...
by workerbeeengineer
Sat Oct 13, 2018 7:52 pm
Forum: Investing - Help with Personal Investments
Topic: Collective Investment Trust choice in 401k
Replies: 17
Views: 676

Re: Collective Investment Trust choice in 401k

Thanks all. I’m feeling good about the CIT choice.
by workerbeeengineer
Sat Oct 13, 2018 7:39 pm
Forum: Investing - Help with Personal Investments
Topic: Collective Investment Trust choice in 401k
Replies: 17
Views: 676

Re: Collective Investment Trust choice in 401k

Thanks JoMoney...I should of thought to check the Wiki :oops:
by workerbeeengineer
Sat Oct 13, 2018 7:37 pm
Forum: Investing - Help with Personal Investments
Topic: Collective Investment Trust choice in 401k
Replies: 17
Views: 676

Re: Collective Investment Trust choice in 401k

FiveK, I think you are basically telling me not to worry. If you have experience with CITs, can I ask if you receive pricing/value info on perhaps a quarterly basis? I know it’s not in keeping with BH principles to constantly monitor how one’s investments are fluctuating, but I do like to check-in p...
by workerbeeengineer
Sat Oct 13, 2018 7:24 pm
Forum: Investing - Help with Personal Investments
Topic: Collective Investment Trust choice in 401k
Replies: 17
Views: 676

Collective Investment Trust choice in 401k

My company is rolling out a new set of fund choices for the 401k. To help achieve a total US stock market exposure I’ll need to utilize an Extended Market Collective Investment Trust from State Street. ER is very reasonable, but I have no experience with CITs. I believe there is less transparency wi...
by workerbeeengineer
Sat Oct 06, 2018 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Book or other resource for managing spending phase of investing
Replies: 6
Views: 772

Re: Book or other resource for managing spending phase of investing

MnD, you can try “Living Off Your Money” by Michael McClung. His “Prime Harvesting” strategy has been discussed here a lot.
by workerbeeengineer
Sat Oct 06, 2018 9:49 am
Forum: Investing - Help with Personal Investments
Topic: Young investor looking for advice of current situation
Replies: 20
Views: 1538

Re: Young investor looking for advice of current situation

Smithbt2, as others have said...Welcome! I will try not to pile on too much here. As you were already advised, you need to get your debt under control. Realistically, you should defer any plans to purchase a house. As you basically realize....the Beamer has to go. You did not mention it, but I’m pre...
by workerbeeengineer
Sat Oct 06, 2018 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Sold Home - 2 days after buyer claims they found an issue with A/C
Replies: 119
Views: 11834

Re: Sold Home - 2 days after buyer claims they found an issue with A/C

Let me add my experience from a buyer's perspective. We bought our house about 20 years ago. Local California custom (at least it was two decades ago in this town) was to extend the seller the courtesy of letting them stay in the house a last night or even two after the purchase closed. I did not r...
by workerbeeengineer
Fri Oct 05, 2018 9:05 pm
Forum: Investing - Help with Personal Investments
Topic: How to Approach Investing for my Children
Replies: 20
Views: 1493

Re: How to Approach Investing for my Children

I am definitely in the “don’t over think it” camp. While college is not for every young person, it’s the norm in the US that most kids will go. So what if 529s are “restrictive”. I’d think most families would be well served with a goal of at least 50% of each kid’s estimated college cost being funde...
by workerbeeengineer
Fri Oct 05, 2018 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Sold Home - 2 days after buyer claims they found an issue with A/C
Replies: 119
Views: 11834

Re: Sold Home - 2 days after buyer claims they found an issue with A/C

Let me add my experience from a buyer's perspective. We bought our house about 20 years ago. Local California custom (at least it was two decades ago in this town) was to extend the seller the courtesy of letting them stay in the house a last night or even two after the purchase closed. I did not re...
by workerbeeengineer
Wed Oct 03, 2018 10:59 pm
Forum: Investing - Help with Personal Investments
Topic: 529 Capital Preservation Investment Options
Replies: 6
Views: 516

Re: 529 Capital Preservation Investment Options

Suggest you check out Vanguard 529 plan sponsored by state of Nevada. Specifically the Interest Accumulation Portfolio. ER OF 0.16%. Does not pay much, but low cost and very low risk of lost of capital. Our child is now a college freshman, so we need the safety as well.
by workerbeeengineer
Sat Sep 29, 2018 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: The Next Millionaire Next Door: Enduring Strategies for Building Wealth Hardcover will be released October 1, 2018
Replies: 69
Views: 13513

Re: The Next Millionaire Next Door: Enduring Strategies for Building Wealth Hardcover will be released October 1, 2018

This is new news to me. I'm sure I'll end up purchasing it, hardcover or maybe wait for softcover. I was highly influenced by the original.
by workerbeeengineer
Fri Sep 28, 2018 6:39 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab or Fidelity - choosing for kid's new 529?
Replies: 16
Views: 661

Re: Schwab or Fidelity - choosing for kid's new 529?

Meant to add...while I am big on low cost 529 plans, other BHs have pointed out that these plans do likely impact college financial aid. According to FAFSA, dear wife and I are "rich", so we always assumed it would be on us to be the financial aid. I don't have much experience with UGMA, but am unde...
by workerbeeengineer
Fri Sep 28, 2018 6:33 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab or Fidelity - choosing for kid's new 529?
Replies: 16
Views: 661

Re: Schwab or Fidelity - choosing for kid's new 529?

OP, looks like you have made a decision to go with Maryland 529, so maybe that part of your post is done. Regarding another account to teach the children good savings skills & habits, I don't think you have indicated how old your kids are right now. If they are younger, then maybe a simple savings a...
by workerbeeengineer
Sun Sep 16, 2018 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?
Replies: 118
Views: 11461

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

Gave myself the handle of "workerbee" about 2 & half years ago when I joined BHs at same time I had just voluntarily taken myself off the management track at work. Had a couple of personnel issues to deal with that ripped my guts out. Told my Vice President I could not do it anymore. She was OK with...
by workerbeeengineer
Thu Sep 13, 2018 12:24 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else not save for cars?
Replies: 113
Views: 10274

Re: Anyone else not save for cars?

We took a middle approach with last two vehicle purchases. Significant down payment, with cash taken from extended EF, and balance of purchase funded through loan from Credit Union at work. As mentioned by others here, the very low interest rates probably influenced our thinking to some degree.
by workerbeeengineer
Tue Sep 11, 2018 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: basic 529 questions for a friend's new born
Replies: 5
Views: 557

Re: basic 529 questions for a friend's new born

Agree with the others who have replied that 529 plans are a good thing. Useful info regarding 529 plans and Saving for College in general can be found on Morningstar. The "More" pull-down menu, Personal Finance. We live in California (no state tax deduction), and use Vanguard Nevada 529 plan.
by workerbeeengineer
Sun Sep 02, 2018 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: 1st time dad, OK to use willmaker software?
Replies: 37
Views: 3326

Re: 1st time dad, OK to use willmaker software?

Sigh, First....Congrats on the birth! The tiredness will pass :happy. Let me start by saying that I am under the impression that estate laws vary state-to-state. So some aspects or details probably depend on your state of residence. Next, in my opinion, the current value of your assets is secondary ...
by workerbeeengineer
Sat Aug 25, 2018 10:11 am
Forum: Investing - Help with Personal Investments
Topic: Move some over to Fidelity ZERO ?
Replies: 23
Views: 1860

Re: Move some over to Fidelity ZERO ?

Zero ER is good, but you seem to acknowledge that you will need to either give up international small cap exposure or actually have to open two accounts at Fidelity. Only you can decide if the reduction in cost from the 0.11% ER going away justifies the added complexity. I'm sure lots of opinions ar...
by workerbeeengineer
Sat Aug 18, 2018 7:28 pm
Forum: Investing - Help with Personal Investments
Topic: Help me pick a TIPS fund
Replies: 8
Views: 891

Re: Help me pick a TIPS fund

I have VIPSX through workplace 401k plan. No commissions, but same 0.2% ER. Performance seems to track the benchmark just fine. Hard to argue however with Duckie's comments and advice to go with SWRSX. Lower ER and avoiding the $40 per year in commissions.
by workerbeeengineer
Sat Aug 18, 2018 7:16 pm
Forum: Investing - Help with Personal Investments
Topic: Help With 529 Plan
Replies: 16
Views: 1611

Re: Help With 529 Plan

We've been happy with Vanguard for our 529. We reside in California, but are using the Vanguard 529 plan sponsored or offered by Nevada. Good choice of investment options. We went more conservative as our child approached 18 years old. By start of senior year in high school, all the money was in the...
by workerbeeengineer
Tue Mar 06, 2018 8:01 am
Forum: Investing - Theory, News & General
Topic: Reuters-" Special Report: Fidelity puts 6 million savers on risky path to retirement"
Replies: 48
Views: 7197

Re: Reuters-" Special Report: Fidelity puts 6 million savers on risky path to retirement"

Katietsu, Any thoughts as to a remedy for these uninformed investors? Each of us is responsible for our own 'path to retirement,' not one brokerage house, no matter how they structure their funds. I do not want to comment on whether or not this should be true in principle. But in practice, the numbe...
by workerbeeengineer
Sat Mar 03, 2018 9:41 am
Forum: Investing - Help with Personal Investments
Topic: Retirement Plan - Betterment -> Vanguard
Replies: 2
Views: 649

Re: Retirement Plan - Betterment -> Vanguard

mrplee4, as TwstdSista warns, you will need to cover the taxes withheld out of pocket. Even if it all washes out in next year's taxes, why do it? Suggest you consider setting up a rollover IRA with Vanguard first and request they handle the paperwork for a direct rollover. Additional Roth IRA makes ...
by workerbeeengineer
Sat Mar 03, 2018 9:26 am
Forum: Investing - Help with Personal Investments
Topic: notice that fidelity password blocked
Replies: 18
Views: 1916

Re: notice that fidelity password blocked

Fidelity blocked my password one time (year or two ago). Turned out to be a hacker who was trying to get into workplace accounts associated with my employer. I also received a call from my employer notifying me what was going on. Fidelity Security indicated this person was high up on their "most wan...
by workerbeeengineer
Sun Feb 25, 2018 10:58 pm
Forum: Investing - Theory, News & General
Topic: What books changed your outlook on how you should invest?
Replies: 54
Views: 5052

Re: What books changed your outlook on how you should invest?

Probably all mentioned already: Don't Count on It! (Saint Jack) Winning the Losers Game (Ellis) Random Walk Down Wall Street (Malkiel) Living Off Your Money (McClung) The Millionaire Next Door (Stanley & Danko) Unconventional Success (Swenson) Smart Couples Finish Rich (Bach) Get What's Yours (Revis...
by workerbeeengineer
Sat Feb 24, 2018 11:05 am
Forum: Investing - Theory, News & General
Topic: Fidelity International Index Funds
Replies: 3
Views: 794

Fidelity International Index Funds

Fellow BHs: I am comparing among Fidelity International Index Funds as part of planning for eventual rollover IRA. Also certainly planning on US domestic index fund(s) as part of asset allocation, but focusing on non-US portion of equity portfolio here. I take note of two Fidelity index funds that s...
by workerbeeengineer
Wed Feb 07, 2018 12:32 am
Forum: Investing - Theory, News & General
Topic: Inverse VIX ETN down 80% after hours
Replies: 42
Views: 5888

Re: Inverse VIX ETN down 80% after hours

Sorry for asking a dumb question, but will do so anyway...I kind of get it that those who purchased the Inverse VIX made money as long as the stock market was non-volatile. My question is - who was on the losing side of that trade the last year or so when in fact the market was pretty placid? Did we...
by workerbeeengineer
Mon Jan 15, 2018 11:37 pm
Forum: Investing - Theory, News & General
Topic: Investment Grade (barely)
Replies: 9
Views: 1334

Re: Investment Grade (barely)

I think you need to be careful when you say that this Fidelity has 17.9% in Illinois municipal bonds as if all Illinois muni bonds are the same. Now I don't know exactly what this fund holds since I only have Vanguard funds, but Vanguard funds have a whole host of issuers in every state including I...
by workerbeeengineer
Sun Jan 14, 2018 4:11 pm
Forum: Investing - Theory, News & General
Topic: Investment Grade (barely)
Replies: 9
Views: 1334

Investment Grade (barely)

Fellow BHs...I was doing a little general research on municipal bonds and funds. Observed that Fidelity offers a Fed Tax-free bond fund (FTABX). Indicated strategy is at least 80% in investment grade municipal securities. Here's what I find interesting - as of Dec 31 the largest state for holdings i...
by workerbeeengineer
Thu Jan 11, 2018 11:26 pm
Forum: Investing - Help with Personal Investments
Topic: Treasury Direct "Entity" Account
Replies: 3
Views: 477

Re: Treasury Direct "Entity" Account

Thanks, donall and HueyLD for the responses.
by workerbeeengineer
Thu Jan 11, 2018 6:48 am
Forum: Investing - Help with Personal Investments
Topic: Treasury Direct "Entity" Account
Replies: 3
Views: 477

Treasury Direct "Entity" Account

Wife and I are considering I Bonds as part of the fixed income portion of our portfolio. We understand the $10k purchase limit per year per individual (or per social security number). Question here is: if we want to have ownership be within our Living Trust, can we still purchase a total of $20k per...
by workerbeeengineer
Tue Jan 09, 2018 8:41 am
Forum: Investing - Theory, News & General
Topic: Value of ESG?
Replies: 11
Views: 962

Re: Value of ESG?

I would wonder objectively where Silicon Valley fits using an ESG scale? The high tech companies seem to like to portray themselves as all ESG-like, but they also end up in the news sometimes for bad behavior (just like most industries :? ). I agree causation is difficult to determine (chicken or eg...
by workerbeeengineer
Tue Jan 09, 2018 12:21 am
Forum: Investing - Theory, News & General
Topic: Value of ESG?
Replies: 11
Views: 962

Value of ESG?

Just read today that Arconic is freezing their pension plan. Some here have experienced that as well. It got me thinking about the morale of the employees - it can't be good after that announcement. My understanding of ESG funds/ ESG investing theory is that good treatment of employees has some posi...
by workerbeeengineer
Sat Jan 06, 2018 5:22 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking advice on setting up retirement cash flow
Replies: 22
Views: 2220

Re: Seeking advice on setting up retirement cash flow

Reading Pfau's book is on my to do list. Best of luck to you in 2018.
by workerbeeengineer
Sat Jan 06, 2018 2:29 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking advice on setting up retirement cash flow
Replies: 22
Views: 2220

Re: Seeking advice on setting up retirement cash flow

DD, sorry for your situation. I am basically same age and somewhat worried about same thing happening to myself. You appear to be in pretty decent fiscal shape and lots of good advice already given by fellow BHs. My only additional advice, if not already given, is to read all or the key chapters of ...
by workerbeeengineer
Wed Jan 03, 2018 11:13 pm
Forum: Investing - Theory, News & General
Topic: Did everyone in the early 80s have their money in CDs?
Replies: 77
Views: 7005

Re: Did everyone in the early 80s have their money in CDs?

First investment out of college was actually purchase of a vacation type house on a lake in 1984. I could only qualify for a 15 year variable rate loan that started as I recall at 13% interest rate! So the flip side to high rates being paid to those who opened CDs (aka the "lenders") was that the ba...
by workerbeeengineer
Sun Dec 31, 2017 7:02 pm
Forum: Investing - Help with Personal Investments
Topic: New Year portfolio adjustments
Replies: 2
Views: 524

Re: New Year portfolio adjustments

steelsun, first just to confirm: you indicate a desired asset allocation of 40% stocks/ 40% bonds. Then indicate international allocation of 20% of stocks. So the 40% is US stocks, right? Overall you desire 60% stocks/ 40% bonds, right? While I am not familiar with some of the funds you are thinking...
by workerbeeengineer
Sun Dec 31, 2017 6:24 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on my asset allocation plan (I am new)
Replies: 3
Views: 408

Re: Thoughts on my asset allocation plan (I am new)

namocet, overall you appear to have 80% equities/20% bonds asset allocation (I'm counting the REIT fund as equities). Seems reasonable. Low Vanguard ERs, so check that box. Others here will have more sage advice I'm sure :beer
by workerbeeengineer
Sat Dec 30, 2017 2:57 pm
Forum: Investing - Theory, News & General
Topic: ATTENTION: Vanguard 529s? - Better Check Your Balance(s)
Replies: 44
Views: 3420

Re: ATTENTION: Vanguard 529s? - Better Check Your Balance(s)

well yes, balances appear to be restored- that's a relief. However, I see no indication of any acknowledgment on the Vanguard site that there was a problem. While this issue was resolved quickly, it has left me more than a bit concerned. Perhaps the emphasis on ever lowering costs is now becoming co...
by workerbeeengineer
Sat Dec 30, 2017 10:16 am
Forum: Investing - Theory, News & General
Topic: ATTENTION: Vanguard 529s? - Better Check Your Balance(s)
Replies: 44
Views: 3420

Re: ATTENTION: Vanguard 529s? - Better Check Your Balance(s)

keystone, I suspect a lot of BHs (myself included) are busy updating their spreadsheet as soon as the calendar year closes from the business/ investments point of view. I am going on faith at this point that Vanguard will fix this (hopefully) IT blunder. So I'll record the proper 529 balance in my s...
by workerbeeengineer
Sat Dec 30, 2017 9:41 am
Forum: Investing - Theory, News & General
Topic: ATTENTION: Vanguard 529s? - Better Check Your Balance(s)
Replies: 44
Views: 3420

Re: ATTENTION: Vanguard 529s? - Better Check Your Balance(s)

Vanguard website has a contact number of 800-291-3056 for the 529 plan. Indicates however only Monday through Friday, 8AM-9PM Eastern. With New Years Day on Monday, I doubt the phone will be answered until Tuesday.
by workerbeeengineer
Sat Dec 30, 2017 9:22 am
Forum: Investing - Theory, News & General
Topic: ATTENTION: Vanguard 529s? - Better Check Your Balance(s)
Replies: 44
Views: 3420

Re: ATTENTION: Vanguard 529s? - Better Check Your Balance(s)

Same here. Our child's 529 plan shows $0 current balance. Balances over time view is still showing correct amount. Vanguard better fix this fast!
by workerbeeengineer
Sat Dec 30, 2017 12:03 am
Forum: Investing - Help with Personal Investments
Topic: Experience with Vanguard Nevada 529 Plan
Replies: 5
Views: 832

Re: Experience with Vanguard Nevada 529 Plan

I believe USG regulations limit 529 plan holders to only two adjustments in a calendar year ( was once a year up until recently). You can hold multiple portfolios if I understand your question correctly.
by workerbeeengineer
Fri Dec 29, 2017 11:57 pm
Forum: Investing - Help with Personal Investments
Topic: High Yield Bond Fund as part of 529
Replies: 4
Views: 407

Re: High Yield Bond Fund as part of 529

OldSport, you indicate the 529 is in the distribution phase. To me, that means a student currently in college and basically a zero or close to zero time horizon. I know your question is about the bond portion of the 529, but I would point out that the 25% in VG Aggressive Growth is imo a somewhat ri...