Search found 127 matches

by BlueCable
Mon Oct 09, 2017 6:59 am
Forum: Investing - Theory, News & General
Topic: Bogle himself is saying we will expect like 3% for the next decades
Replies: 141
Views: 16413

Re: Bogle himself is saying we will expect like 3% for the next decades

Purchasing Bitcoin may pay off, but it is speculation, not investment. It is little different than buying gold or Swiss francs.
by BlueCable
Mon Oct 09, 2017 6:45 am
Forum: Personal Finance (Not Investing)
Topic: Health Care for 2018, Curious About Other's Increases
Replies: 21
Views: 2813

Re: Health Care for 2018, Curious About Other's Increases

Hello All, We just received our renewal for Blue Cross of NC and pleasantly surprised at only a 7% increase. Since Obamacare went into effect, our rates have been as follows, 2 adults, HSA plan, $5000 deductible each (plan remains unchanged and grandfathered): 2013 $507 2014 $675 2015 $879 2016 $96...
by BlueCable
Tue Aug 15, 2017 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Plan for making child pay for part of college
Replies: 111
Views: 6456

Re: Plan for making child pay for part of college

Just to be clear, federal loans do not require a cosigner and are not dischargeable through bankruptcy. A family member has around $200k of these loans and no cosigner. That's not possible. Take a look at this government site to see that the maximum total is $138,500; and that's only if they are an...
by BlueCable
Tue Aug 15, 2017 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Plan for making child pay for part of college
Replies: 111
Views: 6456

Re: Plan for making child pay for part of college

Just to be clear, federal loans do not require a cosigner and are not dischargeable through bankruptcy. A family member has around $200k of these loans and no cosigner. Grad school/professional school? You can't borrow that much money for undergrad. Or has this been compounding for a couple of deca...
by BlueCable
Tue Aug 15, 2017 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Plan for making child pay for part of college
Replies: 111
Views: 6456

Re: Plan for making child pay for part of college

Just to be clear, federal loans do not require a cosigner and are not dischargeable through bankruptcy. A family member has around $200k of these loans and no cosigner.
by BlueCable
Fri Aug 11, 2017 2:49 pm
Forum: Personal Consumer Issues
Topic: Project Fi phone
Replies: 26
Views: 2232

Re: Be aware of Project Fi phone buy service

I also had an amazing experience when my out-of-warranty phone entered a boot loop. Google quickly sent me a replacement phone, I swapped the SIM cards, and went on my business. It was excellent customer service when they weren't legally required to do anything for me. I was once traveling and could...
by BlueCable
Wed Aug 09, 2017 7:27 pm
Forum: Personal Consumer Issues
Topic: Gaming laptop vs gaming pc for AAA hi-end graphics games?
Replies: 49
Views: 2839

Re: Gaming laptop vs gaming pc for AAA hi-end graphics games?

Here is the build I put together last year: https://pcpartpicker.com/user/RedJersey/saved/4gsbvK I built it originally without a dedicated GPU and played old PC games from Steam that I had never played before. Then in the spring, I bought a used GTX 970 after the next wave of GPUs were released. Gre...
by BlueCable
Wed Aug 09, 2017 7:20 pm
Forum: Personal Consumer Issues
Topic: Gaming laptop vs gaming pc for AAA hi-end graphics games?
Replies: 49
Views: 2839

Re: Gaming laptop vs gaming pc for AAA hi-end graphics games?

Can someone estimate the time it would take a newb to build a gaming rig, provided that all the ordered parts arrive? For your first build, maybe two hours if things go well. Perhaps four if you need to do some troubleshooting. I built my first PC last year. It was a lot of fun picking parts and pu...
by BlueCable
Thu Jul 20, 2017 3:28 pm
Forum: Personal Consumer Issues
Topic: Investing well for Retirement can be frustrating
Replies: 52
Views: 4149

Re: Investing well for Retirement can be frustrating

Spending time with peers on this forum always gives me a nice enthusiasm bump when I need it!
by BlueCable
Thu Jul 20, 2017 2:37 pm
Forum: Personal Consumer Issues
Topic: Would you let your teenager spend all his savings on a gaming computer?
Replies: 123
Views: 7865

Re: Would you let your teenager spend all his savings on a gaming computer?

When I was 19, I spent a majority of my savings on a very nice electric guitar and amplifier. I wasn't very good at guitar then, and 10 years later still am not. When I was 21, I realized I'd have been just as happy spending a third of what I spent. Spending 80% of the $2,000 I had at 19 on a guitar...
by BlueCable
Mon Jul 17, 2017 3:30 pm
Forum: Personal Consumer Issues
Topic: Essential Bike (bicycle) Accessories
Replies: 71
Views: 4521

Re: Essential Bike (bicycle) Accessories

I highly recommend Rock n Roll Gold chain lube. Modern chain lubes are much nicer than older greases.
by BlueCable
Mon Jul 17, 2017 3:26 pm
Forum: Personal Consumer Issues
Topic: Essential Bike (bicycle) Accessories
Replies: 71
Views: 4521

Re: Essential Bike (bicycle) Accessories

Interesting to see the range of answers, many of which are quite different that what I was thinking. If you find yourself riding a lot and want to improve your cycling performance, my #1 recommendation is getting clipless pedals. You can bike much more efficiently, especially on hills, with these pe...
by BlueCable
Mon Jul 17, 2017 12:51 pm
Forum: Personal Consumer Issues
Topic: Teeth Whitening
Replies: 21
Views: 3193

Re: Teeth Whitening

https://www.amazon.com/Natural-Whitening-Activated-Charcoal-Cinnamint/dp/B00EZ6TUXS Given the cost, I'll be trying this at some point. Lots of reasonable reviews. Please consult a dentist before using these charcoal-based products. My dentist told me that charcoal products do whiten your teeth exce...
by BlueCable
Wed Jun 28, 2017 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Middle age job blues
Replies: 86
Views: 9689

Re: Middle age job blues

Travesty in the sense that I would become a non or low performing member of the society. I just want to be able to work in my chosen field till my late 50s/early 60s . Don't think that is asking for the moon in the biggest economy in the world in a field with supposedly plenty of opportunities. Wow...
by BlueCable
Wed Jun 28, 2017 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Middle age job blues
Replies: 86
Views: 9689

Re: Middle age job blues

What do you do in the IT industry? If your skills are up to date, I assure you that you can move to any mid-size Midwestern city (Kansas City, Omaha, Minneapolis, Des Moines, etc) and get hired if you have decent software development skills in relevant technologies. I don't even mean cutting edge --...
by BlueCable
Wed Jun 14, 2017 7:04 am
Forum: Personal Finance (Not Investing)
Topic: Who takes financial chances and why is this forum so financially conservative?
Replies: 139
Views: 14803

Re: Who takes financial chances and why is this forum so financially conservative?

staythecourse wrote: For engineers and computer guys they are very inflexible and detail oriented.
Trust me, you want your engineers to be detail-oriented!
by BlueCable
Sat Jun 10, 2017 3:16 pm
Forum: Personal Consumer Issues
Topic: Naming boat
Replies: 62
Views: 3253

Re: Naming boat

123 wrote:How about "Customer's Yacht" ?
Here's the winner.
by BlueCable
Fri Jun 09, 2017 9:06 am
Forum: Investing - Help with Personal Investments
Topic: First Financial Plan & Status Review - 30yo
Replies: 8
Views: 930

Re: First Financial Plan & Status Review - 30yo

Meg77 wrote:Your international allocation is fairly high at 30% of your stock allocation. That's fine of course if it's your target AA, but possibly something to watch.
Yes, I agree. All new contributions have been going towards US Stock for a few months now.
by BlueCable
Fri Jun 09, 2017 9:04 am
Forum: Investing - Help with Personal Investments
Topic: First Financial Plan & Status Review - 30yo
Replies: 8
Views: 930

Re: First Financial Plan & Status Review - 30yo

aristotelian wrote: How do you have $26K without at least some of the I-Bonds being redeemable? Shouldn't you have at least $6K ready to liquidate?
$20k purchased in 2017 (me + spouse), $6k purchased Dec 2016.
by BlueCable
Fri Jun 09, 2017 7:24 am
Forum: Investing - Help with Personal Investments
Topic: First Financial Plan & Status Review - 30yo
Replies: 8
Views: 930

Re: First Financial Plan & Status Review - 30yo

Obvious move I would make is cash in some of the I Bonds to pay off the car. Doesn't make sense to carry 3% debt in order to fund 2% (or less) bonds. Certainly pay off the debt before buying more I Bonds. Thank you for your response. We chose to buy the I-Bonds before paying off the car to get the ...
by BlueCable
Thu Jun 08, 2017 2:35 pm
Forum: Investing - Help with Personal Investments
Topic: First Financial Plan & Status Review - 30yo
Replies: 8
Views: 930

First Financial Plan & Status Review - 30yo

First, thank you very much to this community. You've done a lot to help my wife and I get to our solid financial foundation. Income: $110k / $135k Expenses: $48k/year Emergency funds: Yes, $20k in 2% liquid bank account Short- or medium-term savings (possible future home or business loan downpayment...
by BlueCable
Thu May 04, 2017 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Starting new job mid-career - What advice to learn from my past?
Replies: 39
Views: 2755

Re: Starting new job mid-career - What advice to learn from my past?

knightrider wrote:
I guess I don't see it as my duty to reward incompetence.
Maybe this attitude is why you were unemployed for 7 months?
by BlueCable
Sat Apr 15, 2017 7:16 am
Forum: Personal Finance (Not Investing)
Topic: Age when you started to max out your retirement accounts?
Replies: 177
Views: 28891

Re: Age when you started to max out your retirement accounts?

When we were 28 and finished paying student loans. Wish we had started when DW was in school, but that would have added nearly 60k to her student loans, putting the balance over 150k. Seemed overwhelming at the time, but now feels shortsighted as we are out of tax-advantaged space each year.
by BlueCable
Fri Apr 14, 2017 9:16 am
Forum: Investing - Help with Personal Investments
Topic: ibond vs cd
Replies: 36
Views: 4047

Re: ibond vs cd

Thanks. I am just clarifying that the 1.96% is the six-month rate. The rate may change, but the current annualized rate is 3.92%. That would be the best apples-to-apples comparison with prevailing CD rates based on the information we have. I do not think that is correct. APR is a calculation that t...
by BlueCable
Fri Apr 14, 2017 8:33 am
Forum: Investing - Help with Personal Investments
Topic: How to invest my children's inheritance
Replies: 33
Views: 3237

Re: How to invest my children's inheritance

I help my parents (57 & 65) manage their finances. Their retirement is cash-flowed by SS and pensions, so their portfolio is only needed for things like a new car, new roof, or unexpected expenses. They will likely be net-savers over their retirements. We've decided to set aside a large buffer (30% ...
by BlueCable
Sun Apr 09, 2017 7:09 am
Forum: Personal Finance (Not Investing)
Topic: Choosing to put less than 20% down...why is this wrong?
Replies: 51
Views: 5580

Re: Choosing to put less than 20% down...why is this wrong?

We did an 80/10/10 loan when we bought our house, and it worked very well for us. The key for us was that our incomes allowed us to quickly pay the 10% loan while still replenishing our cash reserves from the move and initial home maintenance. If you did 20% down, how long would it take you to reple...
by BlueCable
Tue Apr 04, 2017 1:46 pm
Forum: Investing - Theory, News & General
Topic: Social Security for Millennials
Replies: 159
Views: 19768

Re: Social Security for Millennials

My retirement plant does not require Social Security. Any Social Security I receive will move up my retirement date. When I include SS in my retirement cash flow projections, I discount the monthly benefit to 70% of what I would receive if the trust fund was fully funded. I believe that is just a bi...
by BlueCable
Tue Mar 07, 2017 9:02 am
Forum: Personal Finance (Not Investing)
Topic: How long does car lasts and for how long should I build a CD ladder
Replies: 25
Views: 2087

Re: How long does car lasts and for how long should I build a CD ladder

If you don't hit the $10k I-Bond limit each year, buy I-Bonds. You cannot redeem them in the first year, but after that you just pay a 3-month interest penalty. Once you've had them for five years, there is no redemption penalty. Much easier than managing CDs, and I-Bonds probably also have better r...
by BlueCable
Mon Jan 16, 2017 10:28 am
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 173
Views: 19452

Re: "Millennials may need to double how much they save for retirement"

I would ilke to see a report from millennials on their parents who are retired or retiring now. I'd like to see millennials ask their parents how much they saved and invested every year so that they could reach this stage of their lives "retired" or "retiring now." I will bet th...
by BlueCable
Tue Dec 13, 2016 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Career Advice for an Unhappy Young Doctor?
Replies: 121
Views: 20909

Re: Career Advice for an Unhappy Young Doctor?

My wife is also in health care and was in a similar situation starting out. She felt totally beaten down by the time school was over. When she started working, she never felt like she was doing enough and was always worried about her patient's outcomes. Her student loans were an incredible burden th...
by BlueCable
Sat Dec 03, 2016 12:51 pm
Forum: Personal Consumer Issues
Topic: Amazon Prime Getting Stingy?
Replies: 90
Views: 13673

Re: Amazon Prime Getting Stingy?

I've been a Prime customer for around 3 years. I purchase several items a month. I'd have to check to be certain, but I think 90%+ of orders have arrived within 2 days. The rest all were delayed 1 day. There have been several times were the estimated arrival was late, but the item ended up being del...
by BlueCable
Sat Dec 03, 2016 9:25 am
Forum: Personal Consumer Issues
Topic: 32 GB or 128GB storage for a new smartphone?
Replies: 35
Views: 3538

Re: 32 GB or 128GB storage for a new smartphone?

$100 is reasonable for that increase. Netflix now allows you to download video while on Wi-Fi so that you don't use cellular data when you're on the go. That may be worth the increase. I'm a 32GBer myself, but I do have to curate the music on my phone to stay under the limit. I'll probably spring fo...
by BlueCable
Tue Nov 29, 2016 7:57 am
Forum: Personal Consumer Issues
Topic: Best vendor to purchase the latest Apple Macbook Pro?
Replies: 17
Views: 2490

Re: Best vendor to purchase the latest Apple Macbook Pro?

Please post back once you've decided where's the best place to buy this 2016 15" Mac Book Pro. We're planing to get the same one early next year. The best place to buy is always changing as retailers offer sales. Use this site to find the best deal when you are ready to buy: http://prices.appl...
by BlueCable
Tue Nov 29, 2016 7:30 am
Forum: Investing - Help with Personal Investments
Topic: Should I consider EE Savings Bond (double in value in 20Y)?
Replies: 9
Views: 1895

Re: Should I consider EE Savings Bond (double in value in 20Y)?

I used to be very interested in EE bonds, but recently have decided to stay away from them for a couple reasons: ⋅  They don't protect from inflation as well as I-Bonds or TIPS. If we go through a period of high inflation over the next 20 years, EE bonds may not keep up. You'll also need t...
by BlueCable
Sun Nov 27, 2016 9:20 pm
Forum: Personal Consumer Issues
Topic: Best vendor to purchase the latest Apple Macbook Pro?
Replies: 17
Views: 2490

Re: Best vendor to purchase the latest Apple Macbook Pro?

Absolutely save money now. I'm an Apple fan too, but I don't expect their computers to last as long as they used to. Their laptops and iMacs are getting less and less serviceable. I think 5-8 years is a more reasonable expectation for the life of their laptops. Any more of that is going to be luck o...
by BlueCable
Sun Nov 27, 2016 3:25 pm
Forum: Investing - Theory, News & General
Topic: Never lived through rising interests rates; what to expect?
Replies: 10
Views: 2760

Never lived through rising interests rates; what to expect?

I came of age financially during the 2007-08 financial crisis. Since I've become an adult, I've only known falling or near-0% Federal funds rates. For me, this situation is the "normal" way the economy works. I recently researched TIPS and I-Bonds for my parents, and I was very surprised t...
by BlueCable
Sun Nov 27, 2016 11:50 am
Forum: Personal Consumer Issues
Topic: Best vendor to purchase the latest Apple Macbook Pro?
Replies: 17
Views: 2490

Re: Best vendor to purchase the latest Apple Macbook Pro?

I always recommend Apple Insider's price guide. They list all the different Apple models with prices at several retailers: http://prices.appleinsider.com/15-macbook-pro-with-touch-bar-late-2016 You've chosen a VERY expensive machine. Are you sure that such a high-spec machine is required? A machine ...
by BlueCable
Thu Nov 17, 2016 7:56 am
Forum: Investing - Help with Personal Investments
Topic: Plan for my mother's retirement
Replies: 28
Views: 3010

Re: Plan for my mother's retirement

I find it very unlikely that Congress will cut the benefits of people already on SS when they fix it. But, for the sake of planning, let's take a look. I updated the SS benefit to be 70% of what it should be, starting in 20 years. From what I've read, 70% is what will be feasible if nothing is done ...
by BlueCable
Wed Nov 16, 2016 8:24 pm
Forum: Investing - Help with Personal Investments
Topic: Plan for my mother's retirement
Replies: 28
Views: 3010

Re: Plan for my mother's retirement

With regards to inflation, I am going to have them purchase all the I-bonds they can each year. At some point, my father's IRA which is in CD-like investments will be put into bonds, possibly a TIPS fund. We may purchase some Total Stock Market with some of their cash, but I don't want to push them ...
by BlueCable
Tue Nov 15, 2016 9:09 am
Forum: Investing - Help with Personal Investments
Topic: Plan for my mother's retirement
Replies: 28
Views: 3010

Re: Plan for my mother's retirement

It seems your parents' living expenses have been well-analyzed, but I do not see any consideration of potential home care, assisted living or long-term care expenses. If either or both of your parents required these services in the future their savings could be rapidly depleted. I realize you can o...
by BlueCable
Tue Nov 15, 2016 7:57 am
Forum: Investing - Help with Personal Investments
Topic: Plan for my mother's retirement
Replies: 28
Views: 3010

Re: Plan for my mother's retirement

Thank you so much for the information on Social Security. Being younger, I hadn't done as much research into it as in other financial areas because I assume it will look quite different when I retire. A great reference I found is a series on SS at PBS. Here is one of those pieces that was incredibly...
by BlueCable
Tue Nov 15, 2016 7:38 am
Forum: Investing - Help with Personal Investments
Topic: Plan for my mother's retirement
Replies: 28
Views: 3010

Re: Plan for my mother's retirement

Regarding EE bonds vs I-Bonds -- I have an unhealthy interest in EE bonds, probably because my adult life has been a very low inflation environment. The automatic doubling after 20 years seems like a great way to edge out a bit more return than I-bonds or TIPS. Posts here have me thinking that if I'...
by BlueCable
Mon Nov 14, 2016 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Plan for my mother's retirement
Replies: 28
Views: 3010

Re: Plan for my mother's retirement

To quickly answer a few questions above: ⋅  $8k for 401k was due to mom's belief that contributions are limited to 25% of salary at her workplace. She's double-checking. ⋅  Assets now (excluding land, life insurance) are about $425k ⋅  No shortfall while my mother is wo...
by BlueCable
Mon Nov 14, 2016 9:27 am
Forum: Investing - Help with Personal Investments
Topic: Plan for my mother's retirement
Replies: 28
Views: 3010

Re: Plan for my mother's retirement

I just found this at https://www.thebalance.com/social-security-for-widows-and-widowers-2388284 If your deceased spouse had already begun benefits... and had begun benefits before they reached their FRA, then you as the surviving spouse are entitled to the larger of what your deceased spouse was get...
by BlueCable
Mon Nov 14, 2016 8:28 am
Forum: Investing - Help with Personal Investments
Topic: Plan for my mother's retirement
Replies: 28
Views: 3010

Re: Plan for my mother's retirement

There are 3 SS possibilities for her in future: her own, spousal, and survivor. Each is different. Compare PIAs of hers and husband's. Is her PIA more than 1/2 of his? Also her amounts at age 62, FRA, and age 70. She could start to claim her own at 62 through 70. Spousal age 62 through FRA or Survi...
by BlueCable
Mon Nov 14, 2016 8:18 am
Forum: Investing - Help with Personal Investments
Topic: Plan for my mother's retirement
Replies: 28
Views: 3010

Re: Plan for my mother's retirement

delamer wrote:Also, does the $36,000 include income taxes and irregular expenses?


She actually told me $24k, which sounded like regular expenses. I moved that up 50% to $36k to handle irregular expenses.
by BlueCable
Mon Nov 14, 2016 8:16 am
Forum: Investing - Help with Personal Investments
Topic: Plan for my mother's retirement
Replies: 28
Views: 3010

Re: Plan for my mother's retirement

After adding the chart above, it looks like she'll need more than the $100k life insurance to bridge from 60 to 67 for full retirement. Since her required withdraw rate will be so low, maybe it will make sense for her to take SS a year or two before retirement age.
by BlueCable
Mon Nov 14, 2016 8:03 am
Forum: Investing - Help with Personal Investments
Topic: Plan for my mother's retirement
Replies: 28
Views: 3010

Re: Plan for my mother's retirement

Thanks for your suggestion. I had ballparked all numbers as an estimate, and part of that estimate was ignoring inflation over the next 4 years. Here are calculated numbers using 3% inflation; all nominal except the last column, which is the expected shortfall in real dollars. EDIT Updated this to s...