Search found 4201 matches

by Nate79
Sat Apr 20, 2019 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Renters Insurance
Replies: 11
Views: 1360

Re: Renters Insurance

Try an independant insurance agent to shop around for you.
by Nate79
Fri Apr 19, 2019 9:22 am
Forum: Investing - Theory, News & General
Topic: American Funds vs Vanguard
Replies: 61
Views: 3445

Re: American Funds vs Vanguard

My wife's employer's SIMPLE is American Funds through a local broker. The sales loads are nuts. The only available fund without a load is a money market. She's maxed out on her VG Roth IRA, so we deposit enough into the money market to get her up to 12% of gross (also counting what goes into the VG...
by Nate79
Fri Apr 19, 2019 8:03 am
Forum: Investing - Theory, News & General
Topic: American Funds vs Vanguard
Replies: 61
Views: 3445

Re: American Funds vs Vanguard

My wife's employer's SIMPLE is American Funds through a local broker. The sales loads are nuts. The only available fund without a load is a money market. She's maxed out on her VG Roth IRA, so we deposit enough into the money market to get her up to 12% of gross (also counting what goes into the VG...
by Nate79
Thu Apr 18, 2019 7:45 pm
Forum: Investing - Theory, News & General
Topic: Lawton Study and Zeroes
Replies: 17
Views: 1523

Re: Lawton Study and Zeroes

... Okay JoMoney, I'll bite. Are you suggesting that "Vanguard Marketing Corporation" has elite shareholders who operate at a profit? ... Not that they operate at a profit, but "Vanguard" is owned by the mutual funds, for the benefit of those funds to perform functions like marketing and administra...
by Nate79
Thu Apr 18, 2019 7:42 pm
Forum: Investing - Theory, News & General
Topic: American Funds vs Vanguard
Replies: 61
Views: 3445

Re: American Funds vs Vanguard

American Funds is a well respected but active management company. I have their Europac fund in my 401k with an ER of 0.49. Overall they are one of the better active management fund companies.
by Nate79
Thu Apr 18, 2019 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life policy advice
Replies: 12
Views: 985

Re: Whole Life policy advice

Cash out this junk Whole life from Snake Farm and get the proper amount of term insurance based on your need. I'm sorry your family was scammed into buying this horrible product. Live and learn.
by Nate79
Thu Apr 18, 2019 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Should my mom keep her Life Insurance Policy?
Replies: 4
Views: 381

Re: Should my mom keep her Life Insurance Policy?

I am sorry that your mom was scammed into buying Whole Life insurance. Such a horrible product. She should cancel and take the money to enjoy or pass down to her family if she wishes.
by Nate79
Thu Apr 18, 2019 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance Advice after bicycle accident
Replies: 48
Views: 2670

Re: Insurance Advice after bicycle accident

In the unlikely case you're not just being snarky.. The other cyclist made an illegal maneuver which started the chain reaction . He tried passing the car over double solid yellow lines. The car hit the other cyclist, then his brakes hard and did a small swerve, my wife hit the trunk of the car and...
by Nate79
Wed Apr 17, 2019 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance Advice after bicycle accident
Replies: 48
Views: 2670

Re: Insurance Advice after bicycle accident

Was the car damaged? If so the driver may be thinking who to file against as well.
by Nate79
Tue Apr 16, 2019 9:57 pm
Forum: Personal Investments
Topic: Schwab Roth IRA - 2050 vs 2055 Fund
Replies: 2
Views: 246

Re: Schwab Roth IRA - 2050 vs 2055 Fund

I am a new investor at 32 years old. I am currently funding my entire Thrift Savings Plan (TSP) in its 2050 target date fund and contributing to obtain a full government match of my contributions. I am looking to take the next step in investing in a Roth IRA. I have no significant debt other than s...
by Nate79
Tue Apr 16, 2019 9:46 pm
Forum: Investing - Theory, News & General
Topic: High turnover funds in 401K?
Replies: 8
Views: 478

Re: High turnover funds in 401K?

High turnover can also mean a lot of trading cost within the fund which is not included in the expense ratio.
by Nate79
Tue Apr 16, 2019 9:43 pm
Forum: Investing - Theory, News & General
Topic: Lawton Study and Zeroes
Replies: 17
Views: 1523

Re: Lawton Study and Zeroes

All of the big brokers, Vanguard, Schwab, and Fidelity offer both active and passive funds.
by Nate79
Tue Apr 16, 2019 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Young Couple Seeking Financial Advice From Bogleheads
Replies: 27
Views: 2605

Re: Young Couple Seeking Financial Advice From Bogleheads

A few questions/comments on points not so clear. Are those student loan just the monthly payment amounts or those are total outstanding debts remaining? If the answer is you have significant student loans then you are deeply broke and I would work to pay it off before buying a house. Either way I wo...
by Nate79
Tue Apr 16, 2019 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: $25K Whole Life policy for daughter - $130/year - keep it?
Replies: 66
Views: 8497

Re: $25K Whole Life policy for daughter - $130/year - keep it?

About as bad as buying life insurance from a baby food company. What a scam.
by Nate79
Tue Apr 16, 2019 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Universal Life Policy Lincoln Financial - what to do?
Replies: 14
Views: 1149

Re: Universal Life Policy Lincoln Financial - what to do?

Welcome to the world of blown up UL policies. This was lately in the news as a huge almost scammy product duping consumers for many years then realizing how truly horrible these products are.

I would cancel and not flush another dime down this toilet.
by Nate79
Tue Apr 16, 2019 1:18 pm
Forum: Investing - Theory, News & General
Topic: Fixed Indexed Annuities
Replies: 22
Views: 1091

Re: Fixed Indexed Annuities

The language that I want to use to describe these products would get me permanently banned from this site. Use your imagination.
by Nate79
Tue Apr 16, 2019 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: $25K Whole Life policy for daughter - $130/year - keep it?
Replies: 66
Views: 8497

Re: $25K Whole Life policy for daughter - $130/year - keep it?

These products are borderline scams and it is absolutely amazing that they have duped so many people into buying them and even worse keeping them. Especially the load of hogwash the insurance salesman have spread around like manure about keeping an old policy being a "good investment." When you die ...
by Nate79
Mon Apr 15, 2019 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford this house ?
Replies: 20
Views: 1980

Re: Can we afford this house ?

Nope. And it's not even close.
by Nate79
Mon Apr 15, 2019 10:33 am
Forum: Investing - Theory, News & General
Topic: Financial Priorities - List
Replies: 19
Views: 1777

Re: Financial Priorities - List

Paisley wrote:
Mon Apr 15, 2019 9:39 am
I have heard that insurance products like whole life are expensive and not necessarily all they are cracked up to be.
Understatement of the century.
by Nate79
Mon Apr 15, 2019 6:43 am
Forum: Investing - Theory, News & General
Topic: Financial Priorities - List
Replies: 19
Views: 1777

Re: Financial Priorities - List

Permanent life insurance of any flavor belongs in the trash can. Did an insurance salesman put that list together?
by Nate79
Mon Apr 15, 2019 6:15 am
Forum: Personal Investments
Topic: Wash Sales
Replies: 32
Views: 1550

Re: Wash Sales

Previous IRS guidance specifically disagreed with you. Two different mutual funds can not be substantially identical. Such as ? I'm confused. You said slam dunk and "can be sure" yet are not aware of previous IRS guidance on this issue? Its nothing new and been posted tons of times in the past. The...
by Nate79
Sun Apr 14, 2019 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Plan - Can Vendor Exchange Funds without Notice or Approval?
Replies: 6
Views: 488

Re: Retirement Plan - Can Vendor Exchange Funds without Notice or Approval?

I always understood that they need to give you notice but they absolutely do not need to ask your permission to change from one fund to another. I find it highly unlikely that some form of notice was not given such as physical mailer (most likely) or message within the system.
by Nate79
Sun Apr 14, 2019 9:32 pm
Forum: Personal Investments
Topic: Wash Sales
Replies: 32
Views: 1550

Re: Wash Sales

Previous IRS guidance specifically disagreed with you. Two different mutual funds can not be substantially identical. Such as ? I'm confused. You said slam dunk and "can be sure" yet are not aware of previous IRS guidance on this issue? Its nothing new and been posted tons of times in the past.
by Nate79
Sun Apr 14, 2019 8:42 pm
Forum: Personal Investments
Topic: Need to make an emergency HSA contribution..help!
Replies: 5
Views: 531

Re: Need to make an emergency HSA contribution..help!

Just to be sure are they absolutely certain they qualify for an HSA?
by Nate79
Sun Apr 14, 2019 7:36 pm
Forum: Personal Investments
Topic: Tax Loss Harvesting Question
Replies: 8
Views: 553

Re: Tax Loss Harvesting Question

Thank you both! Another question - so say I have VTSAX (Vanguard US Stock Mutual Fund) and then sell that at a loss, and then immediately buy VOO (Vanguard S&P 500 ETF). Would I still be able to write off the losses from VTSAX? Since these holdings are nearly identical, would this preclude me from ...
by Nate79
Sun Apr 14, 2019 5:32 pm
Forum: Personal Investments
Topic: Wash Sales
Replies: 32
Views: 1550

Re: Wash Sales

I think you can be sure that if audited exchanging between two S&P500 index funds will be recognized as a wash sale. Based on what? Nothing in the IRS publications indicates that the holdings are the only or primary factors that determine whether funds are substantially identical. There is very goo...
by Nate79
Fri Apr 12, 2019 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Home Owners Insurance - 40 percent increase
Replies: 9
Views: 1067

Re: Home Owners Insurance - 40 percent increase

On top of checking prices yourself I would get an independant broker to shop around for you as well.

I have ZERO loyalty to insurance companies and would have very little issue to use any of them. All of them have problems. None of them are saints.
by Nate79
Fri Apr 12, 2019 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford a $1mil home?
Replies: 53
Views: 6306

Re: Can we afford a $1mil home?

My general guidelines:
Get married
Have 20% down payment
Stable income/jobs
Debt free of consumer debt and student loans
Monthly mortgage payment no more than ~25% of after tax monthly pay not including retirement saving
by Nate79
Fri Apr 12, 2019 4:14 pm
Forum: Personal Investments
Topic: College Cost Estimator and How to fund 529 to meet cost
Replies: 11
Views: 498

Re: College Cost Estimator and How to fund 529 to meet cost

You can only afford what you can afford. Life's tough but not everyone gets to own and drive a Lamborghini.
by Nate79
Thu Apr 11, 2019 4:34 pm
Forum: Investing - Theory, News & General
Topic: Help on fees with Target Retirement
Replies: 3
Views: 546

Re: Help on fees with Target Retirement

Welcome to the forum! Folks here on the forum don’t try to remember tickers, it is suggested that you name the funds you are considering as it will yield more responses. SWYMX = Target 2060 Index VFIFX = Target Retirement 2060 It is not clear to me how much difference there is between ER (expense r...
by Nate79
Thu Apr 11, 2019 4:25 pm
Forum: Investing - Theory, News & General
Topic: Junk bonds undervalued due to boglehead popularity?
Replies: 47
Views: 4009

Re: Junk bonds undervalued due to boglehead popularity?

whodidntante wrote:
Wed Apr 10, 2019 6:58 pm
You might be overestimating the impact of this forum on capital markets.
That's even a huge understatement. Bogleheads is such a teeny tiny part of the investment world it's almost humerous.
by Nate79
Wed Apr 10, 2019 4:20 pm
Forum: Investing - Theory, News & General
Topic: SEC Charges Two Robo-Advisers With False Disclosures
Replies: 3
Views: 678

Re: SEC Charges Two Robo-Advisers With False Disclosures

The news is from December and is old news.
by Nate79
Wed Apr 10, 2019 4:17 pm
Forum: Investing - Theory, News & General
Topic: Baby boomer vicious cycle crash
Replies: 63
Views: 5502

Re: Baby boomer vicious cycle crash

What do you know that the market doesn't already know? That the people who dedicate their day to researching the market don't already know and haven't already priced into forecasts and current market price. Unlike the OP, they are playing with other people's money. Makes risk a lot easier to take. ...
by Nate79
Wed Apr 10, 2019 4:03 pm
Forum: Investing - Theory, News & General
Topic: Baby boomer vicious cycle crash
Replies: 63
Views: 5502

Re: Baby boomer vicious cycle crash

What do you know that the market doesn't already know? That the people who dedicate their day to researching the market don't already know and haven't already priced into forecasts and current market price.
by Nate79
Mon Apr 08, 2019 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Credit Cards With 0% For 6 Months
Replies: 5
Views: 364

Re: Credit Cards With 0% For 6 Months

Curious what others thoughts are on opening credits with 0% interest for the first 6 months (the card also has no annual fee). If you are considering making a $1,000 purchase for example and can spread the payments out over 6 months interest free, wouldn't it make sense to take advantage of this of...
by Nate79
Mon Apr 08, 2019 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Real Estate Question on Purchase that Fell Thru
Replies: 25
Views: 1783

Re: Real Estate Question on Purchase that Fell Thru

I don't think the seller did anything wrong. Their tactic got a higher offer. At worst they should have contacted you again to see if you would go higher. But who knows, maybe the offer was really strong (all cash, strong financing, etc). OP, you celebrated too early. You are best to move on and lea...
by Nate79
Mon Apr 08, 2019 2:25 am
Forum: Investing - Theory, News & General
Topic: morningstar's "potential cap gain exposure" calculation
Replies: 2
Views: 280

Re: morningstar's "potential cap gain exposure" calculation

how much concern should I have about a 58% "potential cap gain exposure" on a s/p 500 ETF that I own? its never distributed a cap gain since inception, only about 10 years. should I avoid holding this in a taxable account or maybe a cap gain will never be distributed? thanks Concern? Likely zero bu...
by Nate79
Sun Apr 07, 2019 11:44 pm
Forum: Personal Investments
Topic: Potential 2019 recession: Thoughts and course of action
Replies: 28
Views: 2352

Re: Potential 2019 recession: Thoughts and course of action

I would highly recommend focusing on increasing your emergency fund above all else.
by Nate79
Sun Apr 07, 2019 11:13 am
Forum: Investing - Theory, News & General
Topic: real estate vs commodities as inflation hedge
Replies: 22
Views: 1287

Re: real estate vs commodities as inflation hedge

Owning a home is an hedge against inflation for the category of your housing expenses. In that case it is a useful hedge because housing is such a big portion of most people's budget.
by Nate79
Sun Apr 07, 2019 7:58 am
Forum: Investing - Theory, News & General
Topic: FIDO Zero Funds losing to Vanguard?
Replies: 58
Views: 6679

Re: FIDO Zero Funds losing to Vanguard?

Vanguard is just another brokerage at end of day. Fidelity too. Not really. Vanguard is fundamentally different than Fidelity and other brokerages: https://about.vanguard.com/what-sets-vanguard-apart/why-ownership-matters/ Fidelity has a profit motive and could raise their fees to drive increased p...
by Nate79
Sat Apr 06, 2019 7:37 pm
Forum: Investing - Theory, News & General
Topic: Fidelity, Schwab unseat Vanguard in new phase of fintech
Replies: 29
Views: 3607

Re: Fidelity, Schwab unseat Vanguard in new phase of fintech

When Vanguard wins it's all congrats and they deserve it. When the others win it's all, oh, they must have just paid off JD Powers. That's ludicrous. Exactly one person said that before you posted. Correct. Though the general sentiment is consistent throughout almost every thread on Vanguard vs oth...
by Nate79
Sat Apr 06, 2019 1:12 pm
Forum: Personal Investments
Topic: Those that have an "Anti-Boglehead" investment account, what are your "risky" plays?
Replies: 92
Views: 6269

Re: Those that have an "Anti-Boglehead" investment account, what are your "risky" plays?

About 1% of our portfolio is in Fundrise, building to a future target of 5%.
by Nate79
Fri Apr 05, 2019 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: How to incorporate Long Term Care as part of retirement savings
Replies: 7
Views: 660

Re: How to incorporate Long Term Care as part of retirement savings

I had never heard of term with a LTC rider. But in the end you pay for LTC insurance whether as a rider or stand alone. I would always prefer actual LTC insurance but purchased >60 years old. And not some gimmicky scammy product like Whole life insurance.
by Nate79
Thu Apr 04, 2019 4:55 pm
Forum: Investing - Theory, News & General
Topic: Fidelity, Schwab unseat Vanguard in new phase of fintech
Replies: 29
Views: 3607

Re: Fidelity, Schwab unseat Vanguard in new phase of fintech

When Vanguard wins it's all congrats and they deserve it. When the others win it's all, oh, they must have just paid off JD Powers.

That's ludicrous.
by Nate79
Thu Apr 04, 2019 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Should I get rid of my universal life policy?
Replies: 3
Views: 539

Re: Should I get rid of my universal life policy?

Get your term insurance in place and then cancel it. I'm sorry your family was scammed into buying permanent life insurance. Universal being the worst of the bunch. Scammed to harsh of a word??? Nope, don't think so.
by Nate79
Thu Apr 04, 2019 11:50 am
Forum: Personal Finance (Not Investing)
Topic: URGENT! Expat taxes: California state taxes, driver's license renewal, foreign tax credit,
Replies: 27
Views: 1023

Re: URGENT! Expat taxes: California state taxes, driver's license renewal, foreign tax credit,

There are multiple threads on the topic of CA being extremely aggressive on this topic. If you have even a single small link to CA you can expect them to come after you for taxes.
by Nate79
Thu Apr 04, 2019 6:18 am
Forum: Personal Consumer Issues
Topic: Frugality with Shared Devices and Fraud Detection
Replies: 10
Views: 909

Re: Frugality with Shared Devices and Fraud Detection

It is very common for families to use a common family computer. If any financial site is concerned with this I would classify them as incompetent. I've never seen an issue like this on any financial site where we have used multiple logins on the same computer.
by Nate79
Wed Apr 03, 2019 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Am I being silly (too cheap) to not buy a new minivan?
Replies: 23
Views: 1523

Re: Am I being silly (too cheap) to not buy a new minivan?

If I were you yes I would buy the minivan. But I would wait a few months and pay cash. It is a cost you can afford.
by Nate79
Wed Apr 03, 2019 6:22 am
Forum: Personal Investments
Topic: Crypto post tax season party?
Replies: 2
Views: 453

Re: Crypto post tax season party?

LOL. April 1st was yesterday.
by Nate79
Tue Apr 02, 2019 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: 529 tax hack if you plan to expatriate?
Replies: 24
Views: 2036

Re: 529 tax hack if you plan to expatriate?

Depending on the state any deduction you took may be recaptured if not used for qualified expenses.