Search found 764 matches

by MikeG62
Tue Jun 19, 2018 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: I don't trust my own estimate of expenses
Replies: 20
Views: 1021

Re: I don't trust my own estimate of expenses

Hi, I have been looking for a reliable, close-to-accurate way to estimate expenses for retirement planning purposes. I have seen a few "calculators" and other tables and spreadsheets, which of course give me widely different results. I know the best way is to look back at what you actually spend, a...
by MikeG62
Tue Jun 19, 2018 10:23 am
Forum: Personal Finance (Not Investing)
Topic: How much (green) cash at home for emergency ?
Replies: 75
Views: 5391

Re: How much (green) cash at home for emergency ?

Here in the Northeast... Although the only storm that most folks would recognize is "Sandy" we have had a dozen or so weather related situations over 15 years where cash has been very handy. In most all of these there have been fairly widespread power outages of between 1 and 15 days where banks/AT...
by MikeG62
Mon Jun 18, 2018 7:56 am
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 11277

Re: MD&P just purchased X / sold Y [md&pharmacist]

In summary, I don’t see the point So why don't you ignore the thread and let those of who would like to see where it goes keep following? Because there are a lot of young and new investors who come to this site for sensible investing advice. These folks could get the wrong ideas following a thread ...
by MikeG62
Sun Jun 17, 2018 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Do you cancel old credit cards?
Replies: 38
Views: 3275

Re: Do you cancel old credit cards?

I apply for credit cards to get the bonus miles and cancel them before renewal. I probably apply for 4 or 5 cards every year. This has gotten much more difficult ever since Chase implemented the 5/24 rule. :( As to the OP's question, personally I don't cancel existing cards unless there is an annua...
by MikeG62
Sun Jun 17, 2018 8:43 am
Forum: Personal Finance (Not Investing)
Topic: Tracking spending before retirement useful for estimating retirement expenses?
Replies: 64
Views: 3272

Re: Tracking spending before retirement useful for estimating retirement expenses?

...here are the many ways our lives will be very different: In our working, kid raising, years, we chose where to live based on availability of jobs, quality of school districts, etc.; other considerations were secondary. Now our priorities are mild year-round climate and access to outdoor recreati...
by MikeG62
Fri Jun 15, 2018 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2685
Views: 517874

Re: What's Your Credit Card Rewards Strategy?

Got a targeted offer for the Chase United Explorer card - 60K miles when spending $3,000 in first three months (plus 5K additional for each authorized user added - after the AU places a charge on their card). This is better than the standard offer I see (40K miles) or even the typical upgraded offe...
by MikeG62
Fri Jun 15, 2018 6:37 am
Forum: Investing - Theory, News & General
Topic: Diversified portfolio but still too much Apple, Microsoft, etc.
Replies: 13
Views: 1423

Re: Diversified portfolio but still too much Apple, Microsoft, etc.

OP, you could consider an equal weight S&P 500 index fund (something like RSP) which would take care of the concentration concern you have. I am not saying you should do that, just that you could do it. Alternatively, make sure you hold a fair share of mid and small cap stocks. This would help dilut...
by MikeG62
Fri Jun 15, 2018 5:52 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard or Charles Schwab account
Replies: 22
Views: 2111

Re: Vanguard or Charles Schwab account

If you already have a Fidelity account, why do you want to spread your money across two different brokerage firms (unless you're dissatisfied with Fidelity)? Their index funds are similar to those at Schwab and Vanguard (hence the term), with similar expense ratios. There's something to be said for...
by MikeG62
Thu Jun 14, 2018 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Question for those who used 529 plans
Replies: 46
Views: 2325

Re: Question for those who used 529 plans

OP, I used 529 accounts for both my daughters. It is difficult to answer the question you asked because investments were made into the plan over a very long period of time. It is not like I made one investment when they were young and left it untouched for 15 years. I will say that with regard to th...
by MikeG62
Thu Jun 14, 2018 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Preferred Services?
Replies: 19
Views: 1650

Re: Fidelity Preferred Services?

...At the last meeting, we had an interesting conversation about the tax inefficiency of FSTVX vs VTSAX Marcopolo, Curious as to the specifics of this conversation. From a quick look at both funds, it appears the after-tax returns as a % of the before-tax returns are almost identical (I compared th...
by MikeG62
Thu Jun 14, 2018 7:22 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Preferred Services?
Replies: 19
Views: 1650

Re: Fidelity Preferred Services?

To answer: As a private client, I get 2 things. One, as mentioned, I get free turbo tax, which can be downloaded if you are clever (I am). The other is that when I ask my private client manager to not bother me, he doesn't bother me. The downside is that if I call, I'm immediately tagged as a priva...
by MikeG62
Thu Jun 14, 2018 7:01 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2685
Views: 517874

Re: What's Your Credit Card Rewards Strategy?

Got a targeted offer for the Chase United Explorer card - 60K miles when spending $3,000 in first three months (plus 5K additional for each authorized user added - after the AU places a charge on their card). This is better than the standard offer I see (40K miles) or even the typical upgraded offer...
by MikeG62
Thu Jun 14, 2018 6:29 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Preferred Services?
Replies: 19
Views: 1650

Re: Fidelity Preferred Services?

...At the last meeting, we had an interesting conversation about the tax inefficiency of FSTVX vs VTSAX Marcopolo, Curious as to the specifics of this conversation. From a quick look at both funds, it appears the after-tax returns as a % of the before-tax returns are almost identical (I compared th...
by MikeG62
Wed Jun 13, 2018 12:06 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisory Services vs. Schwab Intelligent Advisory
Replies: 41
Views: 4766

Re: Vanguard Personal Advisory Services vs. Schwab Intelligent Advisory

...But if I did need my portfolio managed, I would convert to a balanced fund. This is the same thing that PAS or Intelligent Portfolio or Advisory provides, but without the fees. It is the same thing afan (honest question, not trying to be argumentative)? Wouldn't PAS or Schwab IP lower the equity...
by MikeG62
Mon Jun 11, 2018 2:59 pm
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 11277

Re: MD&P just purchased X / sold Y [md&pharmacist]

Hi everyone. A number of Bogleheads have asked me to post how and when I buy such highly performing funds, and sell my under-performers. Barring a major correction/bear, looking to maintain an average 30-40% 1 year annualized return portfolio. OP, if you can maintain an average annualized return of...
by MikeG62
Fri Jun 08, 2018 8:30 am
Forum: Personal Finance (Not Investing)
Topic: How much to budget for a week long vacation for 2?
Replies: 79
Views: 4249

Re: How much to budget for a week long vacation for 2?

A friend and I were discussing how much you put in a budget for the average nice week long vacation for 2 (obviously it will vary trip to trip). I was interested in the answer because in retirement I am budgeting for several of these a year and would like to double check my assumption. My answer wa...
by MikeG62
Mon Jun 04, 2018 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Leave Job (Philly) and move To Arizon (Phoenix)?
Replies: 67
Views: 4948

Re: Leave Job (Philly) and move To Arizon (Phoenix)?

...I wouldn't call the summers here brutal. If you live here you get used to it. My parents typically do not leave their house between 9 and 5 during the summer months unless they have to. This has been the case for pretty much as long as they have been there. So not everyone “gets used to it” as y...
by MikeG62
Mon Jun 04, 2018 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Leave Job (Philly) and move To Arizon (Phoenix)?
Replies: 67
Views: 4948

Re: Leave Job (Philly) and move To Arizon (Phoenix)?

Summers are hot, but very dry. I spend quite a bit of time in New York and D.C. for work, and I’d much rather have 110 in Phoenix (with humidity at or below 7-8%) compared to 95 or 100+ back east with substantial humidity. My parents have lived in Sun City for almost 25 years. I’ve been out there c...
by MikeG62
Sat Jun 02, 2018 7:37 am
Forum: Personal Finance (Not Investing)
Topic: Value of Umbrella Insurance Policy
Replies: 18
Views: 1955

Re: Value of Umbrella Insurance Policy

I carry the following limits on my auto policy - $300/$300/$50 The limit of liability on my umbrella policy is $1M I have had these limits for years. Under what types of circumstances should I consider increasing the limits on my coverage? Thank you, Luigi Luigi, Umbrella Insurance is the cheapest ...
by MikeG62
Sat Jun 02, 2018 5:32 am
Forum: Investing - Theory, News & General
Topic: To be or not to be complex, that is the question
Replies: 146
Views: 11602

Re: To be or not to be complex, that is the question

TheTimeLord wrote:
Wed May 30, 2018 8:23 am
The older I get the more appealing simplicity is because I want to spend time living my life not managing my portfolio.
^This
by MikeG62
Fri Jun 01, 2018 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: is Having more and needing less normal?
Replies: 113
Views: 8546

Re: is Having more and needing less normal?

...I guess I’m reallly wondering if this feeling is the aging process, or if it is possible to be active, or even more active after retirement but with a simplified and less consumable lifestyle? I’ll preface this by saying I don’t know if the topic is actionable, but I would certainly appreciate s...
by MikeG62
Wed May 30, 2018 7:00 am
Forum: Personal Finance (Not Investing)
Topic: Do you have a monthly household budget?
Replies: 63
Views: 3910

Re: Do you have a monthly household budget?

I posted this to a similar question a few months back:

viewtopic.php?f=2&t=240364&p=3760717&hi ... t#p3760717
by MikeG62
Tue May 29, 2018 11:59 am
Forum: Investing - Help with Personal Investments
Topic: US Tres bill on Fidelity
Replies: 9
Views: 716

Re: US Tres bill on Fidelity

The 1.9% Treasury rate is the "annualized" yield. You'd get 2/365's of that amount. I would not bother with anything with a term this short - just leave it in cash until a better option surfaces. Said settlement of 5/31/2018, not maturity of 5/31/2018. If it's new issue, it's maturing 3 months late...
by MikeG62
Tue May 29, 2018 8:00 am
Forum: Investing - Help with Personal Investments
Topic: US Tres bill on Fidelity
Replies: 9
Views: 716

Re: US Tres bill on Fidelity

The 1.9% Treasury rate is the "annualized" yield. You'd get 2/365's of that amount. I would not bother with anything with a term this short - just leave it in cash until a better option surfaces.
by MikeG62
Tue May 29, 2018 6:54 am
Forum: Investing - Help with Personal Investments
Topic: When and how often do you rebalance
Replies: 52
Views: 3885

Re: When and how often do you rebalance

Another good article from Michael Kitces on rebalancing... https://www.kitces.com/blog/how-rebalancing-usually-reduces-long-term-returns-but-is-good-risk-management-anyway/ Executive summary: "The conventional view of portfolio rebalancing is that it is a strategy to enhance long-term returns by per...
by MikeG62
Mon May 28, 2018 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: When and how often do you rebalance
Replies: 52
Views: 3885

Re: When and how often do you rebalance

OP, this write up by Michael Kitces may be of some help to you:

https://www.kitces.com/blog/best-opport ... hresholds/

FWIW, I am following the tolerance band approach.
by MikeG62
Sat May 26, 2018 10:49 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2685
Views: 517874

Re: What's Your Credit Card Rewards Strategy?

i use the following: chase sapphire reserve: food/dining/travel chase freedom: 5% categories chase freedom unlimited: default card amazon: amazon amex blue cash preferred: groceries bank of america cash rewards: gas unfortunately, a combination of me not traveling often enough, and not wanting to u...
by MikeG62
Sat May 26, 2018 7:15 am
Forum: Investing - Theory, News & General
Topic: I'm an indexer... but...
Replies: 37
Views: 4371

Re: I'm an indexer... but...

OP, you are comparing a growth oriented fund to the overall market during a period of time when growth stocks have outperformed value stocks. The outperformance is therefore not surprising.

Whether growth will outperform value over the next 5-10 years is anybody's guess.
by MikeG62
Sat May 26, 2018 6:41 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2685
Views: 517874

Re: What's Your Credit Card Rewards Strategy?

i use the following: chase sapphire reserve: food/dining/travel chase freedom: 5% categories chase freedom unlimited: default card amazon: amazon amex blue cash preferred: groceries bank of america cash rewards: gas unfortunately, a combination of me not traveling often enough, and not wanting to u...
by MikeG62
Sat May 26, 2018 6:30 am
Forum: Personal Finance (Not Investing)
Topic: My first CP2000 letter from IRS! Am I missing something?
Replies: 23
Views: 3494

Re: My first CP2000 letter from IRS! Am I missing something?

Although a different fact pattern, my daughter received a CP2000 on Thursday relating to the American Opportunity Tax Credit taken by her in 2016. IRS is questioning whether the amount of Tuition reported by her University on form 1098-T was actually paid (her University only reports Tuition and rel...
by MikeG62
Sat May 26, 2018 6:07 am
Forum: Personal Finance (Not Investing)
Topic: Chase Savings Account emptied out!
Replies: 77
Views: 12300

Re: Chase Savings Account emptied out!

So all three accounts at Chase got targeted. I closed down one and put restrictions on the other two (so I can see my history for 60 days). Don't think my passwords were used to login. Chase let's you see which devices were used to login, and other than my cellphone and megacorp issued PC, there we...
by MikeG62
Fri May 25, 2018 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Variable Percentage Withdrawal
Replies: 23
Views: 2696

Re: Variable Percentage Withdrawal

May I repeat my almost 20 year successful VPW system and history? My withdrawal rate history has certainly oscillated, but that was expected, so planned for. For me, planning for a big vacation in Europe or Asia, new autos, or buying and maintaining a lake cottage (all of which are in our history),...
by MikeG62
Fri May 25, 2018 7:04 am
Forum: Investing - Help with Personal Investments
Topic: Anybody had CD with Columbia Bank, NJ
Replies: 12
Views: 820

Re: Anybody had CD with Columbia Bank, NJ

My first post. After delaying for 3 years finally getting around to opening a CD. Using depositaccounts as well as bankrate website, found that Columbia Bank, NJ has rate of 2.96% (3.00% APY) for 36 month with premature penalty loss of 1 yr. We live in NJ. Does anybody have experience with the CD f...
by MikeG62
Fri May 25, 2018 6:41 am
Forum: Investing - Help with Personal Investments
Topic: What account to withdraw from?
Replies: 8
Views: 1030

Re: What account to withdraw from?

Thanks for all of the help. I appreciate it the responses. I agree with the others that you should run the math assuming differing mixes of withdrawals from your taxable and tax deferred accounts (ranging from withdrawing 100% from taxable to 100% from tax deferred accounts and differing mixes inbe...
by MikeG62
Wed May 23, 2018 7:01 am
Forum: Investing - Help with Personal Investments
Topic: All else aside - General Allocation Thoughts
Replies: 9
Views: 801

Re: All else aside - General Allocation Thoughts

Agree with the others - those changes are likely too small to make a huge difference over a long period of time. FWIW, my personal bias would be to allocate to equities as follows: LC 50% MC 25% SC 25% I'd also split the equities roughly 80/20 (maybe 75/25) between US and foreign markets (including ...
by MikeG62
Wed May 23, 2018 6:34 am
Forum: Investing - Help with Personal Investments
Topic: If you suddenly became a millionaire [exceed FDIC insurance limit]
Replies: 31
Views: 5078

Re: If you suddenly became a millionaire [exceed FDIC insurance limit]

Setting aside (for the moment) whether all this money should sit in cash or not, you and your wife can hold $1.0 million in one bank and still be within the FDIC insurance limits. You'd simply need three accounts (one joint and two individual). As far as whether it is wise to hold a large % of your ...
by MikeG62
Tue May 22, 2018 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Overfunded 529 Plan for future grandchildren
Replies: 5
Views: 508

Re: Overfunded 529 Plan for future grandchildren

I overfunded the 529 for my daughters - last one just graduated college two weeks ago (largely because my second daughter went to a public (state) college instead of a private university). I intend to leave the funds in the account (currently around $75K) and repurpose for potential future grandchil...
by MikeG62
Tue May 22, 2018 7:17 am
Forum: Investing - Help with Personal Investments
Topic: Can I transfer brokerage Acct without speaking to FA?
Replies: 20
Views: 1231

Re: Can I transfer brokerage Acct without speaking to FA?

OP, if the broker is a friend I don't see how you are going to avoid getting a call from him/her (actually I would expect a call whether a friend or not). Lesson learned - don't do business with friends or relatively. Too many opportunities for things to end badly. So prepare yourself for the call/d...
by MikeG62
Mon May 21, 2018 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Savings Account emptied out!
Replies: 77
Views: 12300

Re: Chase Savings Account emptied out!

Yankuba wrote:
Mon May 21, 2018 3:06 pm
This is a good reminder for everyone to sign up for e-mail/text alerts (bank, brokerage and credit card) so you get a notification whenever there is account activity.
^This.

There is no reason not to have text or email alerts on all your financial accounts.
by MikeG62
Mon May 21, 2018 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2685
Views: 517874

Re: What's Your Credit Card Rewards Strategy?

I have had a little over 100K marriot points for several years now and find it very difficult to use them. Most hotels we would want to stay in are category 8 or 9 requiring 40K to 45K points per night. So we can get only two nights. What's wrong with getting two 'free' nights at, what appears to b...
by MikeG62
Mon May 21, 2018 8:13 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2685
Views: 517874

Re: What's Your Credit Card Rewards Strategy?

I have had a little over 100K marriot points for several years now and find it very difficult to use them. Most hotels we would want to stay in are category 8 or 9 requiring 40K to 45K points per night. So we can get only two nights. What's wrong with getting two 'free' nights at, what appears to b...
by MikeG62
Mon May 21, 2018 7:33 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2685
Views: 517874

Re: What's Your Credit Card Rewards Strategy?

For me the best value is Marriott flights and hotel packages. https://www.marriott.com/rewards/usepoints/morepack.mi I have had a little over 100K marriot points for several years now and find it very difficult to use them. Most hotels we would want to stay in are category 8 or 9 requiring 40K to 4...
by MikeG62
Sun May 20, 2018 7:25 am
Forum: Personal Finance (Not Investing)
Topic: What’s your phone/internet bill?
Replies: 92
Views: 6118

Re: What’s your phone/internet bill?

By phone I assume OP means cell phone. For that we pay ~$225 per month (for four lines, newer iPhones and ~30GB per month of data). In terms of internet, for us that is bundled with cable TV and landline. Personally, I’d just as soon as get rid of our landline, but it is actually cheaper for us to g...
by MikeG62
Sun May 20, 2018 7:13 am
Forum: Personal Finance (Not Investing)
Topic: Helping Adult Children (but not too much)
Replies: 152
Views: 12414

Re: Helping Adult Children (but not too much)

For those who expect they might leave a decent inheritance -- it seemed strange to us to provide total support as children, no support as adults basically at all and then leave a wonderful inheritance as they reach retirement age. Basically, If you are going to leave them a bundle down the road any...
by MikeG62
Sat May 19, 2018 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Helping Adult Children (but not too much)
Replies: 152
Views: 12414

Re: Helping Adult Children (but not too much)

Our daughter graduates college this weekend. She's debt free, owns her 3 year-old car outright, has about $3K in a Roth-IRA plus another $1K in savings and an "okay" (money-wise) job lined up. So she off to a decent start. Until now we've subsidized her through car insurance, mobile phone, grocerie...
by MikeG62
Thu May 17, 2018 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance - value of "future earnings"?
Replies: 3
Views: 339

Re: Umbrella Insurance - value of "future earnings"?

I would open an umbrella policy now.

Over time you can increase the amount of coverage, if you are so inclined.
by MikeG62
Thu May 17, 2018 7:29 am
Forum: Personal Finance (Not Investing)
Topic: HELOC - rate vs location?
Replies: 8
Views: 481

Re: HELOC - rate vs location?

...For those of you especially with DCU and PenFed, have you ever had to go there in-person? Anything I'm not considering that would be important? I had a HELOC with Pen Fed dating back to around 2002 - closing it out a few years ago. I used it a few times. Never had to go to Pen Fed in person. Eve...
by MikeG62
Tue May 15, 2018 7:07 am
Forum: Investing - Help with Personal Investments
Topic: Did you go 100% Cash-FDIC in 529 at HS graduation or before?
Replies: 13
Views: 1151

Re: Did you go 100% Cash-FDIC in 529 at HS graduation or before?

I decided to lock in my gains over the past 10 years in a 529 for 2 college-aged kids. Had about $75k in gains. Still have one finishing 9th grade @ 40/30/30 (S/B/C). Did you go to cash at age 18 or different AA? I moved funds to the “portfolio for college” option within the 529 plan in which I had...
by MikeG62
Mon May 14, 2018 7:15 am
Forum: Investing - Help with Personal Investments
Topic: 529 Plan - NJ Resident
Replies: 14
Views: 987

Re: 529 Plan - NJ Resident

...Any fresh thoughts on my best options for 529 plans? Also, does anyone think that it makes sense to have one 529 plan for both kids? OP, I live in NJ and funded four 529 plans (two for each of my daughters). I opened one account for each daughter with NJBEST and funded the minimum to qualify for...
by MikeG62
Mon May 14, 2018 6:40 am
Forum: Personal Finance (Not Investing)
Topic: Any opinions on Moneyspire personal finance software?
Replies: 7
Views: 927

Re: Any opinions on Moneyspire personal finance software?

Has anybody come up with a cool Excel spreadsheet for budgeting? I don't know how cool it is, but I developed my own series of excel worksheets (a multi-tabbed excel file). I wrote about it here: https://www.bogleheads.org/forum/viewtopic.php?f=2&t=238749&p=3733417&hilit=excel#p3733417 I have made ...