Search found 1772 matches

by Nate79
Sun Feb 18, 2018 11:47 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for some help and fast (buying vs renting, net worth)
Replies: 46
Views: 2415

Re: Looking for some help and fast (buying vs renting, net worth)

I started doing the calcs in excel. Turns out there are a lot of variables to see who gets ahead over the 30 years, stock returns, interest rates, fluctuating rent and housing prices, cost basis and taxes. One year will make a small difference that any changes in these variables can swing it either...
by Nate79
Sun Feb 18, 2018 7:59 pm
Forum: Personal Consumer Issues
Topic: Roof Leak...Need Advice
Replies: 15
Views: 1332

Re: Roof Leak...Need Advice

if you want to fix it yourself, i can offer advice but not otherwise. my advice then is to go up on the roof with tar and a putty knife and tar liberally around everything that sticks thru the roof and look for nails that popped up. hammer them back in and tar over. I'm not getting up on the roof. ...
by Nate79
Sun Feb 18, 2018 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: First time Home Buyer in HCOL area - funds check
Replies: 16
Views: 1743

Re: First time Home Buyer in HCOL area - funds check

Not sure how your take home pay is $5k on a $200k income unless you aren't counting your spouse's income. If you are not confident in your spouse's income then you need to shop on the low low end of your target.
by Nate79
Sun Feb 18, 2018 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: student loan vs investing
Replies: 12
Views: 532

Re: student loan vs investing

Since people like Bogle and Vanguard have predicted fairly low returns over the next decade (4-6%) with high risk it is definately not a no brainer to choose invest. I would pay it off.
by Nate79
Sun Feb 18, 2018 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency costs
Replies: 22
Views: 1305

Re: Emergency costs

Here are some reasons I hold "emergency funds", aka low risk cash investments - job loss, medical (2 years worth of out of pocket max), major maintenance/repair like car or roof, short term travel cost, funeral cost, etc. Target is 3-6 months of expenses of tier 1 emergency funds which will cover an...
by Nate79
Sun Feb 18, 2018 4:26 pm
Forum: Investing - Theory, News & General
Topic: 529 plan use in 2018 - Homeschooling
Replies: 7
Views: 626

Re: 529 plan use in 2018 - Homeschooling

I'm trying to figure out if I can tap 529 plan funds in 2018 for homeschooling (K-12) purposes, and if so, what qualifies. Assuming that one can actually do this, would textbooks used to teach students qualify? Computers? Supplies? I thought homeschooling was removed from the legislation that final...
by Nate79
Sun Feb 18, 2018 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Public Service Loan Forgiveness-Has it worked for anyone?
Replies: 10
Views: 1211

Re: Public Service Loan Forgiveness-Has it worked for anyone?

This is a great question. Considering all the articles about this last year I have yet to see a story written of someone actually getting the forgiveness.
by Nate79
Sun Feb 18, 2018 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: Switching Total Domestic/Large Cap to Small/Mid Cap in Tax-Advantaged Accounts for TLH
Replies: 25
Views: 1185

Re: Switching Total Domestic/Large Cap to Small/Mid Cap in Tax-Advantaged Accounts for TLH

You have taxable and Roth IRA to worry about. Shouldn't be too hard to avoid wash sale in these accounts. My TLH partners in my taxable will be VLCAX and VFIAX. Some clarifications: livesoft mentioned VINIX & VIIIX will not wash with VTSAX nor VLCAX. Let us say I TLH VTSAX & exchange it to VLCAX an...
by Nate79
Sun Feb 18, 2018 10:05 am
Forum: Investing - Help with Personal Investments
Topic: Switching Total Domestic/Large Cap to Small/Mid Cap in Tax-Advantaged Accounts for TLH
Replies: 25
Views: 1185

Re: Switching Total Domestic/Large Cap to Small/Mid Cap in Tax-Advantaged Accounts for TLH

You have taxable and Roth IRA to worry about. Shouldn't be too hard to avoid wash sale in these accounts. My TLH partners in my taxable will be VLCAX and VFIAX. Some clarifications: livesoft mentioned VINIX & VIIIX will not wash with VTSAX nor VLCAX. Let us say I TLH VTSAX & exchange it to VLCAX an...
by Nate79
Sat Feb 17, 2018 8:28 am
Forum: Investing - Help with Personal Investments
Topic: Switching Total Domestic/Large Cap to Small/Mid Cap in Tax-Advantaged Accounts for TLH
Replies: 25
Views: 1185

Re: Switching Total Domestic/Large Cap to Small/Mid Cap in Tax-Advantaged Accounts for TLH

You have taxable and Roth IRA to worry about. Shouldn't be too hard to avoid wash sale in these accounts.
by Nate79
Sat Feb 17, 2018 8:16 am
Forum: Personal Consumer Issues
Topic: Best plants to grow to save money for food costs
Replies: 93
Views: 4782

Re: Best plants to grow to save money for food costs

Maybe mushrooms. They are so expensive.
by Nate79
Sat Feb 17, 2018 1:26 am
Forum: Personal Finance (Not Investing)
Topic: Sanity Check on Primary/Rental Purchase: killing cash-flow
Replies: 24
Views: 1571

Re: Sanity Check on Primary/Rental Purchase: killing cash-flow

You should have both a personal and a rental business emergency fund of 6 months expenses in each account. It is risky to flirt around with a small emergency fund.
by Nate79
Sat Feb 17, 2018 1:22 am
Forum: Investing - Theory, News & General
Topic: GMO forecast
Replies: 17
Views: 1565

Re: GMO forecast

Always passive wrote:
Sat Feb 17, 2018 1:21 am
PFInterest wrote:
Sat Feb 17, 2018 12:55 am
what is gmo?

dont do anything.
If you do not, find out. This is the type of answerss that no one benefits from. Get serious, it is your money!
Doubtful.
by Nate79
Sat Feb 17, 2018 1:22 am
Forum: Investing - Theory, News & General
Topic: GMO forecast
Replies: 17
Views: 1565

Re: GMO forecast

Don't know but the Kirkland brand infant formula we feed our baby is labelled as non-GMO.
by Nate79
Sat Feb 17, 2018 12:55 am
Forum: Investing - Help with Personal Investments
Topic: Are we TOO diversified? Time to hire a professional? Who has?
Replies: 14
Views: 1827

Re: Are we TOO diversified? Time to hire a professional? Who has?

I would consolidate the stock accounts to somewhere that you can get free trades. I would for sure sell all stocks that have losses and buy index funds instead. There are free auto invest robo services like Schwab SIP which is also a wonderful customer service company to help you out. Backdoor Roth ...
by Nate79
Fri Feb 16, 2018 11:20 pm
Forum: Investing - Help with Personal Investments
Topic: How to negotiate free trades with TDAmeritrade (?)
Replies: 17
Views: 686

Re: How to negotiate free trades with TDAmeritrade (?)

Schwab is easy to get free trades. I got a bunch for transferring from Vanguard and they are good for 2 years.
by Nate79
Fri Feb 16, 2018 8:58 pm
Forum: Investing - Help with Personal Investments
Topic: Investing vs paying off debt
Replies: 28
Views: 1625

Re: Investing vs paying off debt

While it's a minor point, you are way too young for LTC insurance. Generally recommended no younger than 55-60.
by Nate79
Fri Feb 16, 2018 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Rent vs. buy analysis
Replies: 9
Views: 1408

Re: Rent vs. buy analysis

6% investment return over 10 years? Where do I sign up for this? Rent not keeping up with inflation? That sounds wonderful.
by Nate79
Fri Feb 16, 2018 5:34 pm
Forum: Investing - Help with Personal Investments
Topic: Convert to ETF (not at Vanguard)
Replies: 19
Views: 1378

Re: Convert to ETF (not at Vanguard)

Why bother doing it? I have funds at Vanguard and haven't had a reason. I guess you've missed all the various threads about other brokerages. Lots of people want to use some other custodian besides Vanguard. If you do, then holding ETFs makes a lot of sense. Sorry, I still don't get it. I assumed t...
by Nate79
Fri Feb 16, 2018 5:32 pm
Forum: Investing - Help with Personal Investments
Topic: Torn between Vanguard, Fidelity and Schwab
Replies: 127
Views: 8786

Re: Torn between Vanguard, Fidelity and Schwab

What am I missing? Please tell me the rate on Schwab money market? I suspect it is very low so they can peddle ultralow index funds. I know for a fact that Vanguard pays about 30 basis points more on its federal money market, short term muni fund and intermediate term muni than similar Fidelity pro...
by Nate79
Fri Feb 16, 2018 5:31 pm
Forum: Investing - Theory, News & General
Topic: Buying and Spending Bitcoin
Replies: 193
Views: 23009

Re: Buying and Spending Bitcoin

I just get a kick out of this thread getting bumped back up when I see the words "spending bitcoin." LOL Those are 2 words that just don't belong in the same sentence unless the words in front of them are "No one is".
by Nate79
Fri Feb 16, 2018 2:33 pm
Forum: Investing - Theory, News & General
Topic: Buying and Spending Bitcoin
Replies: 193
Views: 23009

Re: Buying and Spending Bitcoin

As Greyfox noted, Bitcoin was designed and up to maybe 2015 universally presented as a practical payment system, not a base technology on which others could build a practical payment system someday. It was supposed to directly compete with credit cards and PayPal online. What little real-world expo...
by Nate79
Fri Feb 16, 2018 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: I'm Cancelling My Home Insurance
Replies: 138
Views: 8378

Re: I'm Cancelling My Home Insurance

If your home burns to the ground will you blink an eye to pay the full cost to rebuild? I know I would even if the house was ~10% of my net worth...
by Nate79
Fri Feb 16, 2018 11:22 am
Forum: Personal Finance (Not Investing)
Topic: How to get child's skin in the game for college?
Replies: 135
Views: 6380

Re: How to get child's skin in the game for college?

Here is my opinion and what we are doing (and is similar to what my parents did to me). My money, my rules. College will be paid for as long as act in a way that I agree with and that I taught them. They are expected to get a meaningful degree with a career in mind, they will not have personal behav...
by Nate79
Thu Feb 15, 2018 6:46 pm
Forum: Investing - Help with Personal Investments
Topic: American Funds Growth Fund vs Index
Replies: 9
Views: 702

Re: American Funds Growth Fund vs Index

I think you are definitely getting hammered with fees at Wells Fargo and I would highly suggest you at a minimum open an account at any of the low cost providers (Vanguard, Schwab, Fidelity, etc) and put your Roth IRA money towards low cost index funds. American Funds is not a bad company and the Gr...
by Nate79
Thu Feb 15, 2018 2:01 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie: retirement vs. college savings vs. life insurance
Replies: 33
Views: 1236

Re: Newbie: retirement vs. college savings vs. life insurance

You have gotten a lot of good info. Concerning again the WL policies, besides all of the horribly expensive fees, the complication of ever withdrawing the money (and the nasty cost to do so), etc the other issue is that you are in the accumulation phase of investment. WL is absolutely horrible for a...
by Nate79
Thu Feb 15, 2018 11:11 am
Forum: Investing - Help with Personal Investments
Topic: Newbie: retirement vs. college savings vs. life insurance
Replies: 33
Views: 1236

Re: Newbie: retirement vs. college savings vs. life insurance

I'm sorry to hear you have been ripped off by convincing you to buy whole life. I suggest to get term in place and get rid of this junk, one of the worst financial products peddled by the insurance industry.
by Nate79
Thu Feb 15, 2018 10:59 am
Forum: Investing - Help with Personal Investments
Topic: Convert to ETF (not at Vanguard)
Replies: 19
Views: 1378

Re: Convert to ETF (not at Vanguard)

Call me skeptical.
by Nate79
Thu Feb 15, 2018 10:58 am
Forum: Investing - Help with Personal Investments
Topic: 529 vs. student loans vs. taxable account
Replies: 13
Views: 968

Re: 529 vs. student loans vs. taxable account

Kick Sallie Mae to the curb this year.
by Nate79
Thu Feb 15, 2018 10:50 am
Forum: Investing - Theory, News & General
Topic: Wisdom of Bitcoin
Replies: 90
Views: 6802

Re: Wisdom of Bitcoin

pokebowl wrote:
Thu Feb 15, 2018 5:12 am
Glad to see bitcoin continuing to show us it truely is not correlated or bound to any of those pesky traditional investments:



Image
That's an interesting chart, thanks for posting.



Bitcoin, the new leading indicator of the stock market.....
by Nate79
Thu Feb 15, 2018 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Friend with extremely high interest credit card debt
Replies: 20
Views: 1485

Re: Friend with extremely high interest credit card debt

Dave Ramsey's total money makeover book would be a good read for her, preferably from her local library....
by Nate79
Thu Feb 15, 2018 12:07 am
Forum: Personal Finance (Not Investing)
Topic: Daughter’s College & Grad School Expenses -Nurse Practitioner
Replies: 51
Views: 3239

Re: Daughter’s College & Grad School Expenses -Nurse Practitioner

Any chance she could get a local hospital to pay for her school in return she works for them for a certain number of years?
by Nate79
Wed Feb 14, 2018 1:38 pm
Forum: Investing - Theory, News & General
Topic: Why do American Funds hold so much cash?
Replies: 8
Views: 1149

Re: Why do American Funds hold so much cash?

Read the annual report. They disclose exactly what they hold and in this case why they are holding cash and cash equivalents (example from Growth Fund of America Annual Report, Aug 31, 2017): Finally, the fund retained 7.7% of its assets in cash and other short-term instruments, up slightly from a y...
by Nate79
Wed Feb 14, 2018 11:19 am
Forum: Investing - Help with Personal Investments
Topic: When to pay off debt instead of invest?
Replies: 27
Views: 1217

Re: When to pay off debt instead of invest?

mortfree wrote:
Wed Feb 14, 2018 11:15 am
not enough info on current assets, etc.

the argument about borrowing 80k at 4% is flawed (IMO) since it is a mortgage.

you can get a 12 month CD at 2% right now, I think
Why is it flawed? Being a mortgage doesn't change the math for 4% on 80k borrowed.
by Nate79
Wed Feb 14, 2018 11:18 am
Forum: Investing - Help with Personal Investments
Topic: Is This Action by Megacorp Legal?
Replies: 64
Views: 3624

Re: Is This Action by Megacorp Legal?

At my megacorp funds have come and gone and we are automatically put into "equivalent" funds, whether they are actually equivalent from a bogleheads view or not. We always get notice. Both by mail and within the message center of the 401k online portal. Now it is possible I think to opt out of mail ...
by Nate79
Wed Feb 14, 2018 1:10 am
Forum: Investing - Help with Personal Investments
Topic: Did you learn anything from the market correction?
Replies: 160
Views: 10957

Re: Did you learn anything from the market correction?

This was nothing. When comparing a -10% drop vs -50% drop people think, oh it would just feel 5x worse. LOL. -50% drop, banking system feels like it is crumbling, jobs are being lost, etc - that's when you are really tested. This little piddly 10% drop is gone and barely talked about now. People pat...
by Nate79
Wed Feb 14, 2018 12:59 am
Forum: Investing - Help with Personal Investments
Topic: Pay tuition cash or use student loans and invest instead or both
Replies: 12
Views: 724

Re: Pay tuition cash or use student loans and invest instead or both

Good luck finding a guaranteed investment of 6.8%. The market return over the next 5 years could quite easily be negative or zero.
by Nate79
Wed Feb 14, 2018 12:12 am
Forum: Investing - Help with Personal Investments
Topic: Buy or Rent under new Tax Law
Replies: 20
Views: 1703

Re: Buy or Rent under new Tax Law

The best way to get an answer on the internet is to ask a different question. You can’t afford a 750k house. Textbook house poor. Continue to rent. Of course they can afford a 750k house with 200k in cash and a 750k income. And no this isn't even house poor. That is buying the 1.2 million dollar ho...
by Nate79
Tue Feb 13, 2018 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Should I claim chapter 7 bankruptcy? debt 110k
Replies: 64
Views: 6405

Re: Should I claim chapter 7 bankruptcy? debt 110k

See a lawyer but bankruptcy is like dropping a nuke on your life for many years. If you think it is going to wipe the slate clean to start over, think again. The toll this will have on your future is extreme.
by Nate79
Tue Feb 13, 2018 1:50 pm
Forum: Personal Consumer Issues
Topic: Help me help my niece (College costs, financial aid, etc)
Replies: 41
Views: 2493

Re: Help me help my niece (College costs, financial aid, etc)

One thing to completely strike from your conversation is that financial aid is not student loans even if the "financial" aid office calls them that. They act as if they are giving you aid when in fact they are mortgaging your niece's future. Don't fall for this lie pushed by colleges. Call them what...
by Nate79
Tue Feb 13, 2018 10:49 am
Forum: Investing - Help with Personal Investments
Topic: Student loans, Home Mortgage and/or investments
Replies: 10
Views: 519

Re: Student loans, Home Mortgage and/or investments

Debt free in 2 years (excluding mortgage). You can do it!
by Nate79
Tue Feb 13, 2018 10:46 am
Forum: Investing - Theory, News & General
Topic: What if you only live off dividends?
Replies: 69
Views: 5614

Re: What if you only live off dividends?

Many people worry whether a 4% SWR will work in the future. Complicated attempts have been made to calculate a new SWR. Mainstream strategies use a total return approach and will liquidate a share of principal each year to meet the SWR payment. The assumption is that the assets will grow back. What...
by Nate79
Tue Feb 13, 2018 12:50 am
Forum: Investing - Help with Personal Investments
Topic: Why paying off loans would be better than fully funding 401k?
Replies: 87
Views: 6174

Re: pay off loan debt, fund 401k. Where to put $s once EF funded?

Employee payroll 401k deductions being made to max out contributions at $18,500. Combined with HSA will result in a $7272 tax reduction. This money saved in taxes can be used to pay off the debt faster by leaving more money from reduced monthly taxes being taken out, correct? I calculated that inte...
by Nate79
Tue Feb 13, 2018 12:15 am
Forum: Investing - Help with Personal Investments
Topic: Buy or Rent under new Tax Law
Replies: 20
Views: 1703

Re: Buy or Rent under new Tax Law

Is the current place you are renting the mid to long term plan or when you have another kid are you going to come back here and say your apartment is too small?
by Nate79
Mon Feb 12, 2018 11:47 pm
Forum: Investing - Theory, News & General
Topic: SWR — Can You Include Real Estate as Part of Your Portfolio
Replies: 24
Views: 1359

Re: SWR — Can You Include Real Estate as Part of Your Portfolio

Your plan should have an accurate assesment of all assets that you will have invested and plan to withdraw from to cover expenses. If that includes $500k from downsizing and investing the proceeds then yes, that would be included in funds as part of SWR. Why would you purposefully ignore a $500k acc...
by Nate79
Mon Feb 12, 2018 11:30 pm
Forum: Investing - Help with Personal Investments
Topic: realized startup equity / schwab private client
Replies: 15
Views: 774

Re: realized startup equity / schwab private client

Why not just use the free Schwab service, SIP? It has all of the aspects that they talked about and no need for advisory fee? You can also find some in-depth review and backdating of SIP in some recent threads.
by Nate79
Mon Feb 12, 2018 9:28 pm
Forum: Personal Consumer Issues
Topic: Help me help my niece (College costs, financial aid, etc)
Replies: 41
Views: 2493

Re: Help me help my niece (College costs, financial aid, etc)

What does she want to do for a living and what is the income potential? $50k per year is a lot for any future profession.
by Nate79
Mon Feb 12, 2018 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Accountant not doing taxes while you are there
Replies: 21
Views: 2131

Re: Accountant not doing taxes while you are there

I have never heard of an accountant doing the tax returns as you sit there in the office. Typically they only meet with the client at drop off to discuss all the details prior to working on it and then another meeting after they are finished. Potentially with phone calls during if there are question...