Search found 171 matches

by cresive
Mon Sep 17, 2018 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Hard Credit Inquiry from Credco
Replies: 10
Views: 1294

Re: Hard Credit Inquiry from Credco

Hello All, Thank you for your feedback. I found out the Credco was the only legitimate inquiry for my car purchase. The other inquiries were not authorized, but were from other car dealers that occurred while I was looking for my new car. I decided to leave them be, as my credit score doesn't seem t...
by cresive
Tue Aug 28, 2018 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Can't handle being in debt (mentally)
Replies: 34
Views: 3603

Re: Can't handle being in debt (mentally)

Posted a while back about a close friend who was on the verge of using his Roth IRA to payoff his debt. He is not in the greatest financial situation as far as overall wealth. However his debt is small in the grand scheme of things. Initially he tried setting up a payment plan to eliminate the debt...
by cresive
Mon Aug 27, 2018 7:07 am
Forum: Personal Finance (Not Investing)
Topic: Hard Credit Inquiry from Credco
Replies: 10
Views: 1294

Re: Hard Credit Inquiry from Credco

Thanks all, I am in the process of checking on this inquiry. Like one poster said, it will resolve in a couple years, but I don't like the fact that it went through, especially since I don't remember authorizing any queries. I did thaw my credit for three days to purchase a car, and the Credco inqui...
by cresive
Mon Aug 27, 2018 7:05 am
Forum: Personal Finance (Not Investing)
Topic: Hard Credit Inquiry from Credco
Replies: 10
Views: 1294

Re: Hard Credit Inquiry from Credco

rhinopylon wrote:
Sun Aug 26, 2018 7:21 pm
Credco also handles a lot of credit checks done by apartment complexes. Did you just move to an apartment and forget you thawed your credit for their application?
No, I am in the process of moving, which is why I did a more thorough check on my credit.
by cresive
Sun Aug 26, 2018 7:00 am
Forum: Personal Finance (Not Investing)
Topic: Hard Credit Inquiry from Credco
Replies: 10
Views: 1294

Hard Credit Inquiry from Credco

Hello All, I just did a quick credit check and found a hard inquiry on my account from Credco. I did some digging and found that that is the same as CoreLogic and the do credit checks for mortgage lenders, etc. I have two big questions about this: 1) I did not authorize a credit check, which I plan ...
by cresive
Tue Aug 21, 2018 5:27 am
Forum: Personal Finance (Not Investing)
Topic: FLorida Condo Insurance
Replies: 6
Views: 720

Re: FLorida Condo Insurance

Thank you everyone for your responses. They have been very helpful!! Not only did I get some great leads, through the process I realized I was being billed of things I didn't need. My first quotes covered over $130K in property damage. This was in addition to furniture replacement. I could totally r...
by cresive
Tue Aug 21, 2018 5:21 am
Forum: Personal Finance (Not Investing)
Topic: How much do you put away in investments?
Replies: 66
Views: 5451

Re: How much do you put away in investments?

Hello everyone, Im just curious to see how much everyone puts away every year into investments and what percentage of gross income that is. I personally put away about 65k a year total into 401, IRA, taxable accounts at about 15% of my gross income. I feel like we should be putting more into invest...
by cresive
Tue Aug 21, 2018 5:13 am
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 105
Views: 13621

Re: Teachers Who Have Net Worth of $1 million +

my parents, both former career teachers, have accomplished this. never made more than $65k/year each. formula they used is the same one everyone here preaches: save soon, save often, and live below your means. they weren't ever really aggressive in the stock market (invested but very risk averse), ...
by cresive
Mon Aug 20, 2018 8:00 am
Forum: Personal Finance (Not Investing)
Topic: FLorida Condo Insurance
Replies: 6
Views: 720

Re: FLorida Condo Insurance

Hello all, I am doing a shotgun approach to this issue. I have a condo in Fort Lauderdale area and have had condo insurance (similar to renters) for many years. I have been told that my insurance company is pulling out of the FL area and I have to find new insurance. I have looked and the rates are...
by cresive
Sat Aug 18, 2018 8:41 am
Forum: Personal Finance (Not Investing)
Topic: FLorida Condo Insurance
Replies: 6
Views: 720

FLorida Condo Insurance

Hello all, I am doing a shotgun approach to this issue. I have a condo in Fort Lauderdale area and have had condo insurance (similar to renters) for many years. I have been told that my insurance company is pulling out of the FL area and I have to find new insurance. I have looked and the rates are ...
by cresive
Sat Aug 18, 2018 8:28 am
Forum: Personal Finance (Not Investing)
Topic: One more reason for Fidelity Visa
Replies: 15
Views: 3215

Re: One more reason for Fidelity Visa

The 2% unlimited cash back is great and hard to beat unless you dance around very targeted promotions for narrow spends like groceries, gas etc. In addition to that, I found a little nugget looking through their fine print. I always refuse Loss Damage Waiver offered by rental car companies at $15-$...
by cresive
Sat Aug 18, 2018 8:25 am
Forum: Personal Consumer Issues
Topic: Switch to auto lease after retirement?
Replies: 38
Views: 3122

Re: Switch to auto lease after retirement?

Post your example where you think a lease is significantly cheaper than buying. I'm surprised my arithmetic has any bearing on the question. I was an engineer and managed a large business so I can do arithmetic. But if it will help generate a useful response, here you go: Purchase price 60,000 Resa...
by cresive
Sat Aug 18, 2018 8:14 am
Forum: Personal Consumer Issues
Topic: Reckless driving ticket in VA-Help!
Replies: 124
Views: 7627

Re: Reckless driving ticket in VA-Help!

Bogleheads, Today morning while going to office I got a speeding ticket (46) on speed limit of 25. Speed limit suddenly changes at that place and I was in previous speed flow. It says to go to court. Internet seem to say scary things about reckless driving. I talked to some attorneys and they are c...
by cresive
Wed Aug 15, 2018 7:04 am
Forum: Investing - Help with Personal Investments
Topic: Moving from Vanguard to Fidelity (probably)
Replies: 58
Views: 13424

Re: Moving from Vanguard to Fidelity (probably)

Hi all, I've been going through a lot of spring cleaning and overhaul of my financial accounts (as recent threads of mine show) and I've settled on a new strategy that I've begun implementing today: Moving savings from Ally to PurePoint for the 0.25% APY increase Moving checking from Wells Fargo to...
by cresive
Wed Aug 15, 2018 6:54 am
Forum: Investing - Help with Personal Investments
Topic: Choosing a retirement plan
Replies: 8
Views: 707

Re: Choosing a retirement plan

My daughter is just starting a position at Montgomery College in Maryland, and asked me for advice on choosing between two retirement plans. She has to decide by Thursday (tomorrow- August 16!) and her decision is irrevocable. One choice is a pension plan. She contributes 7% of her salary and it ve...
by cresive
Tue Aug 14, 2018 6:20 am
Forum: Investing - Help with Personal Investments
Topic: To defer or not
Replies: 2
Views: 520

Re: To defer or not

I do not know what asset allocations are available for the money, management fees, etc. Until you know those things for your different accounts, any choice would be a guess. One other issue: will you want to do backdoor Roths and thus be concerned about pre-tax traditional IRA balances? Very clear ...
by cresive
Sat Aug 11, 2018 8:48 am
Forum: Investing - Help with Personal Investments
Topic: To defer or not
Replies: 2
Views: 520

To defer or not

Hello all, I am moving to a HCOL city and taking on a new job. I have many issues with leaving the old job and starting a new one: E.g. should I leave my 403B cash where it is or move it to a tIRA? How much to increase savings with increase salary—versus increased cost of living, etc. While I strugg...
by cresive
Thu Aug 09, 2018 7:49 am
Forum: Investing - Help with Personal Investments
Topic: Old dog needs to learn to manage his investments
Replies: 60
Views: 5418

Re: Old dog needs to learn to manage his investments

Hello! I'm a newbie (my son recommended you), I'm 58, self employed (work 60-70 hours a week), married, 600K saved for retirement, add 25K-30K annually. Worry about money all the time! I figure I need to double that nest egg so we can retire in 10 years. Here's my question, how to get started self ...
by cresive
Tue Aug 07, 2018 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Milestones on the way to FI [Financial Independence]
Replies: 33
Views: 4460

Re: Milestones on the way to FI

I enjoy the concept of retirement savings freedom. We recently passed the point where, without saving another penny and estimating 4% real market returns, we would be able to retire at 62 with the same level of spending. Each year we bring that closer through further investments is a victory. When ...
by cresive
Mon Aug 06, 2018 7:39 am
Forum: Investing - Help with Personal Investments
Topic: Importance of expense ratios and other related costs
Replies: 8
Views: 590

Re: Importance of expense ratios and other related costs

Yea but going from 0.03 to 0.01 while statistically significant, does not really alter outcomes. You have a point, but I would like to put your position into perspective. I am about 10 years away from retirement. Fortunately for me, the reduced E/R will have a negligible effect--i.e. I have enough ...
by cresive
Mon Aug 06, 2018 7:07 am
Forum: Investing - Help with Personal Investments
Topic: Importance of expense ratios and other related costs
Replies: 8
Views: 590

Re: Importance of expense ratios and other related costs

Yea but going from 0.03 to 0.01 while statistically significant, does not really alter outcomes. You have a point, but I would like to put your position into perspective. I am about 10 years away from retirement. Fortunately for me, the reduced E/R will have a negligible effect--i.e. I have enough ...
by cresive
Sun Aug 05, 2018 11:03 am
Forum: Investing - Help with Personal Investments
Topic: Importance of expense ratios and other related costs
Replies: 8
Views: 590

Importance of expense ratios and other related costs

I am doing some home repairs this weekend and instead of watching my paint dry, I thought I would catch up on some of my accounts. I was curious to see if the recent E/R rate reduction that Fidelity announce made any difference for me. I was actually astonished that it did. I only did one account, b...
by cresive
Mon Jul 23, 2018 6:59 am
Forum: Personal Finance (Not Investing)
Topic: Real estate partnership
Replies: 14
Views: 1067

Re: Real estate partnership

I came here to learn from others, to find out if there is a standard agreement for situations like this. He knows how to renovate a house, he lacks the capital to do it on his own. I don't think this forum can answer your questions in the way you are expecting. Your situation is personal to the two...
by cresive
Wed Jul 18, 2018 6:42 am
Forum: Investing - Help with Personal Investments
Topic: short-term treasuries for short-term savings?
Replies: 9
Views: 640

short-term treasuries for short-term savings?

Hello All, I am thinking of moving to a HCOL city and will have many challenges in completing the move. I currently own my home and will have to deal with closing up shop at work, selling my house, establishing myself in my new office AND buying a new home in a new town. For this reason, I have thou...
by cresive
Mon Jul 16, 2018 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: A different take on retirement income: time segmentation
Replies: 179
Views: 12586

Re: A different take on retirement income: time segmentation

Very well thought out and interesting idea. Good thoughts from Sandtrap as well. Thanks! I tend to think we shouldn't be so rigid in assuming lower spending in retirement. It should be more at an individual (and year by year) basis. For example, there have been years where I spent $120K and years w...
by cresive
Sat Jul 14, 2018 8:15 am
Forum: Personal Consumer Issues
Topic: Moving Tip and Ideas?
Replies: 23
Views: 1508

Re: Moving Tip and Ideas?

Moving Tips Before Moving Day: 1. Go through all of your stuff well in advance of the move, and get rid of the things you don’t want in the new place. Why move it if you will just get rid of it at the other end? 2. Decide what you will move yourself. What vehicles and space are available? Estimate ...
by cresive
Mon Jul 09, 2018 8:08 pm
Forum: Personal Consumer Issues
Topic: Moving Tip and Ideas?
Replies: 23
Views: 1508

Re: Moving Tip and Ideas?

Any tips on making a long-distance move more efficient? For instance, using towels as packing material? I've moved myself several times and the last two times I have hired full service movers. They come in, box everything up, move it and unload the boxes on the other end. Most will even set up the ...
by cresive
Mon Jul 09, 2018 8:06 pm
Forum: Personal Consumer Issues
Topic: Moving Tip and Ideas?
Replies: 23
Views: 1508

Re: Moving Tip and Ideas?

" ......city to DC and may have to significantly reduce my house size. "...... You already mentioned it, but do yourself a favor a declutter even more than you think. We went from a 2400 Sq ft home to a 1200 Sq ft condo and we thought we had done a good job of getting rid of the unnecessary, but fo...
by cresive
Mon Jul 09, 2018 7:25 am
Forum: Personal Consumer Issues
Topic: Moving Tip and Ideas?
Replies: 23
Views: 1508

Moving Tip and Ideas?

Hello Again, I am gearing up to move about 110 miles away. I haven’t moved in many, many years and while I have an idea of what is involved, I would love to hear from anyone who recently moved and may have some insights. I have spent the last four days decluttering (unfortunately, only half way thro...
by cresive
Mon Jul 09, 2018 7:19 am
Forum: Investing - Help with Personal Investments
Topic: Help with move to HCOL area
Replies: 6
Views: 876

Re: Help with move to HCOL area

I live in Sacramento, which is higher cost than the midwestern cities I lived in before. The biggest thing for me was to find a house in an area that didn’t require driving much. My car costs are very low now, even though my house costs much more than anything I had in the past. Living in DC, doing...
by cresive
Mon Jul 09, 2018 7:17 am
Forum: Investing - Help with Personal Investments
Topic: Help with move to HCOL area
Replies: 6
Views: 876

Re: Help with move to HCOL area

Thanks Mcraepat9. Just as a follow up: 1: I will switch from a 403B to a TSP. The options in the TSP are very limited, but I can create a nice portfolio of passive funds to mimic the nice choices I have at present. I plant to mimic a 60/40 diversification in the TSP plan as such: C-Fund 25% (similar...
by cresive
Sun Jul 08, 2018 12:53 pm
Forum: Investing - Help with Personal Investments
Topic: Wrapping my head around bond funds
Replies: 57
Views: 6412

Re: Wrapping my head around bond funds

thanks. That helps.

Ben
by cresive
Sun Jul 08, 2018 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: Help with move to HCOL area
Replies: 6
Views: 876

Help with move to HCOL area

Hello All, I may be accepting a new job with the US Government and moving to the D.C. area. This will entail moving to a much higher cost of living area, but will get a pay hike to cover most of the difference in living expenses. Of course, several aspects of my financial life will change. I have th...
by cresive
Fri Jun 29, 2018 8:39 am
Forum: Investing - Help with Personal Investments
Topic: Help with Roth and new job
Replies: 9
Views: 464

Re: Help with Roth and new job

As retiredjg said, sounds like there would be no tax benefit to reap by contributing to Trad IRA. The deductibility is income dependent if you have a retirement account through work. AGI must be under $63k for a single filer to be fully deductible. See link: https://www.irs.gov/retirement-plans/pla...
by cresive
Fri Jun 29, 2018 6:33 am
Forum: Investing - Help with Personal Investments
Topic: Help with Roth and new job
Replies: 9
Views: 464

Help with Roth and new job

Hello, I am about to accept a job in a HCOL city. My salary will increase commensurate with the increased cost of living, but I will have to adjust a few things. The one thing I am having difficulty deciding is what to do with my Roth IRA. I plan to buy down my salary enough to qualify for at least ...
by cresive
Wed Jun 27, 2018 10:15 am
Forum: Investing - Help with Personal Investments
Topic: Help with bond funds vs. CD's in retirement portfolio:
Replies: 4
Views: 530

Re: Help with bond funds vs. CD's in retirement portfolio:

Tim, You need to provide more detail. Are your bond funds in a taxable or sheltered account? If you have free access to the funds--i.e. in a taxable account, I can see you putting some money into CDs. However, I wouldn't go out and put all my money into a 5-year CD! For one thing, do you want to tie...
by cresive
Fri May 04, 2018 7:18 am
Forum: Investing - Help with Personal Investments
Topic: Ed. Jones rep didn't like our plan, now we're locked out
Replies: 152
Views: 19195

Re: Ed. Jones rep didn't like our plan, now we're locked out

So my parents had a run in with their Ed. Jones rep today and I need some advice. Here's a little background. Not sure if it's entirely relevant but, truth be told, I'm a little too aggravated to decide. My retired parents (both in 70's) have been with Ed. Jones for a little over 20 years. My fathe...
by cresive
Fri May 04, 2018 7:14 am
Forum: Investing - Theory, News & General
Topic: Retirees Never Had It Better
Replies: 31
Views: 5318

Re: Retirees Never Had It Better

bligh wrote:
Thu May 03, 2018 6:32 pm
The mean is meaningless with the kind of wealth distribution we have. The median, and the various percentiles (75th, 80th, 90th, etc.) are what should be discussed.
I agree--at least present a standard deviation!
by cresive
Fri May 04, 2018 7:13 am
Forum: Investing - Theory, News & General
Topic: Retirees Never Had It Better
Replies: 31
Views: 5318

Re: Retirees Never Had It Better

https://unitedincome.com/documents/papers/UnitedIncomeStateOfRetirees.pdf Reading and really looking at the graphs, it makes it pretty obvious that ultra high net-worth retirees are skewing the results. When there is over 3X difference between median and mean, using mean numbers is no longer repres...
by cresive
Fri May 04, 2018 6:59 am
Forum: Investing - Theory, News & General
Topic: simple insights from a simple mind--bond funds
Replies: 4
Views: 566

simple insights from a simple mind--bond funds

I have been driving myself whacky trying to understand how owning a bond fund has helped my portfolio. My anxiety has centered on why my bond funds haven’t increased in value like a stock does. In fact, my per-share value has fallen with fears of interest rate hikes. I have been trying to learn how ...
by cresive
Tue Apr 03, 2018 9:35 am
Forum: Investing - Help with Personal Investments
Topic: Is it time to retire
Replies: 23
Views: 4348

Re: Is it time to retire

I am eligible for SSA Survivor benefits as a widower which I can start now at 71.5 % of the total amount. Per SSA that will be $21K per year. I will wait until I turn 70 to claim mine, which should be in the $40K range by then. I would double check this strategy. I believe that congress passed new r...
by cresive
Fri Mar 23, 2018 7:27 am
Forum: Investing - Help with Personal Investments
Topic: Wrapping my head around bond funds
Replies: 57
Views: 6412

Re: Wrapping my head around bond funds

Thanks everyone for commenting on my post. I do feel a bit clearer on the value of bond funds, but not quite where I want to be. I will do some more research and see if I can find the answer to my original question. However, your responses have helped clarify my question quite a bit.

Ben
by cresive
Fri Mar 23, 2018 6:58 am
Forum: Investing - Help with Personal Investments
Topic: Wrapping my head around bond funds
Replies: 57
Views: 6412

Re: Wrapping my head around bond funds

The list of annual returns for the S&P 500 shows a considerable number of down years, sometimes by a lot! The list of annual returns for Vanguard Total Bond Market going back a long way shows just a few down years, and then by only a little. This shows that TBM in the past was able to handle differ...
by cresive
Fri Mar 23, 2018 6:56 am
Forum: Investing - Help with Personal Investments
Topic: Wrapping my head around bond funds
Replies: 57
Views: 6412

Re: Wrapping my head around bond funds

The list of annual returns for the S&P 500 shows a considerable number of down years, sometimes by a lot! The list of annual returns for Vanguard Total Bond Market going back a long way shows just a few down years, and then by only a little. This shows that TBM in the past was able to handle differ...
by cresive
Fri Mar 23, 2018 6:54 am
Forum: Investing - Help with Personal Investments
Topic: Wrapping my head around bond funds
Replies: 57
Views: 6412

Re: Wrapping my head around bond funds

Therein lies one of my arguments. Why have any money in bond funds? I can see the utility of a bond ladder--you can balance any inflation/rising interest rates risk with guarantee of principal return. My fear is, you don't get the same guarantee with bond funds. Since their return is so low, why in...
by cresive
Sat Mar 17, 2018 9:49 am
Forum: Investing - Help with Personal Investments
Topic: Help with savings
Replies: 9
Views: 1338

Re: Help with savings

Hello. I have two questions and hope you can help. I have about 4,000 dollars in my savings account and it seems like a lot of money just sitting there. I've been reading a lot about online banking since it pays more interest than a traditional savings account. There is Synchrony and I Go Banking. ...
by cresive
Sat Mar 17, 2018 9:33 am
Forum: Investing - Help with Personal Investments
Topic: Wrapping my head around bond funds
Replies: 57
Views: 6412

Re: Wrapping my head around bond funds

If you look at the long term, market volatility is not what you should worry about, it is inflation. At least in theory and based on the past, you really need equities to beat inflation as bonds have barely kept up with it. Therein lies one of my arguments. Why have any money in bond funds? I can s...
by cresive
Sat Mar 17, 2018 9:31 am
Forum: Investing - Help with Personal Investments
Topic: Wrapping my head around bond funds
Replies: 57
Views: 6412

Re: Wrapping my head around bond funds

I have also researched and found that bond fund correlation with equities increases in a severely down market. Not sure where you read this, but I'm pretty sure it's wrong. It might be referring to certain types of higher-risk bonds that behave more equity like, but the safe bonds we typically reco...
by cresive
Sat Mar 17, 2018 9:26 am
Forum: Investing - Help with Personal Investments
Topic: Wrapping my head around bond funds
Replies: 57
Views: 6412

Re: Wrapping my head around bond funds

Hello all! I apologize in advance, as I am sure this has been covered, but I am trying to wrap my head around bond funds. Most of my retirement savings are locked up in 401/403b funds. In these accounts, I do not have access to bonds. Instead, I HAVE to used bond funds. I keep hearing that bond fun...
by cresive
Sat Mar 17, 2018 9:23 am
Forum: Investing - Help with Personal Investments
Topic: Wrapping my head around bond funds
Replies: 57
Views: 6412

Re: Wrapping my head around bond funds

The Wiki for this forum contains several excellent articles about bonds and there are also good books such as the one by Swedroe. https://www.bogleheads.org/w/index.php?search=bonds&title=Special%3ASearch&fulltext=1 You will be way ahead spending some time learning what you should know by reading c...