Search found 59 matches

by BoglePablo
Fri Oct 16, 2020 9:28 am
Forum: Personal Investments
Topic: Should We Ever Save for Children's College?
Replies: 467
Views: 30030

Re: Should We Ever Save for Children's College?

balbrec2 wrote: Fri Oct 16, 2020 8:19 am One thought, how do you know for sure your kids will go to college?
For my family, it's not a question of "if"; it's an expectation, just as with all schooling leading up to college

We do ponder the thought: how do we know for sure our kids will seek post-baccalaureate degrees

YMMV
by BoglePablo
Wed Oct 14, 2020 6:52 pm
Forum: Personal Investments
Topic: Asset Allocation - Age vs. FI Timeline
Replies: 46
Views: 3470

Re: Asset Allocation - Age vs. FI Timeline

I was guessing 2 years. That guess was apparently too pessimistic. See results below. https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=2008&firstMonth=1&endYear=2020&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=1840000&annualOperation=1&annualAdj...
by BoglePablo
Wed Oct 14, 2020 7:37 am
Forum: Personal Investments
Topic: Asset Allocation - Age vs. FI Timeline
Replies: 46
Views: 3470

Re: Asset Allocation - Age vs. FI Timeline

I am well aware of the risk and willing to take it. Do what you want, I’ll do what I want. My opinion stands, the OP should sprint to FI with 100% stocks. My IPS agrees with the spirit of what nix4me states: rather than a continuous glide path change in AA, a more quantized change. I see nix4me's s...
by BoglePablo
Fri Oct 09, 2020 12:51 pm
Forum: Personal Investments
Topic: How to invest $1mm?
Replies: 10
Views: 2600

Re: How to invest $1mm?

A member of the family has $1 million available to invest, currently in cash. The portfolio will be 70% in VT (world stock) 25% in VTIP (short term tips), and 5% GLD (gold). The goal is to hold the investment for about 10 years. I know that my thoughts could be construed as market timing, but I fee...
by BoglePablo
Sat Sep 19, 2020 5:17 pm
Forum: Personal Investments
Topic: Gifting children from a traditional IRA
Replies: 5
Views: 476

Re: Gifting children from a traditional IRA

Artsdoctor wrote: Sat Sep 19, 2020 5:08 pm Yes, you can indeed give your step-children money from your IRA but you'd have to pass away first. And they would owe tax when taking the money out.
Good catch on that scenario!
by BoglePablo
Sat Sep 12, 2020 10:58 pm
Forum: Personal Investments
Topic: Ally Bank Not Reliable
Replies: 50
Views: 5062

Re: Ally Bank Not Reliable

We were locked out of our Bank of America checking account for 3 weeks due to a 6-figure teller error. And not only locked out, but all bill pays and checks failed due to insufficient funds due to the mistake of the teller during those 3 weeks. So what are ya gonna do? No one is reliable. Just curi...
by BoglePablo
Sat Sep 12, 2020 11:53 am
Forum: Personal Investments
Topic: How much are your 529 Contributions
Replies: 133
Views: 7585

Re: How much are your 529 Contributions

Tl;dr - just saved a few hundred a month per kid from birth. My public in-state BSc was fully funded by parents so our goal is to try to give our kids the same kind of head start. We decided to just sock away a few hundred/mo per kid from birth, whatever was within our budget after other savings buc...
by BoglePablo
Mon Aug 31, 2020 6:35 pm
Forum: Personal Investments
Topic: What to do with monthly surplus?
Replies: 30
Views: 4452

Re: What to do with monthly surplus?

Yes; invest according to my IPS and desired asset allocation. IPS plan also includes additional cash savings for a large future purchase in the near term; but investment-wise, my plan says to put after tax extra cash into broad based low cost no load index funds for backdoor Roth and, if still surpl...
by BoglePablo
Sun Aug 30, 2020 11:42 am
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1760
Views: 230625

Re: i Hit My Target - Thank You All

Congratulations, and thanks for historically responding to your own post nearly 10 years ago. In fact, you inspire me; my reason for responding to your post is as a reminder to myself, so i can check back in ten years and see how my own net worth will have increased; hopefully i too will have double...
by BoglePablo
Sun Aug 23, 2020 5:15 pm
Forum: Personal Investments
Topic: Sell me on a 401(k)
Replies: 43
Views: 2923

Re: Sell me on a 401(k)

I have nothing to sell to you. 401k is for your own good. +1 This *stuff* sells itself, to the informed consumer. My motivation: - my marginal tax rate at my age and income level is high, so i choose to defer my compensation, to the limit i can. In the future, i will realize this compensation at wh...
by BoglePablo
Sun Aug 23, 2020 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Do you talk to your friends/family/coworkers about this stuff?
Replies: 210
Views: 16817

Re: Do you talk to your friends/family/coworkers about this stuff?

Only if asked / if a conversation naturally leads to sharing my opinion. I don't attempt to evangelicize / preach unless asked.

I talk about financial stuff with my dad because we are alike in terms of our Bogleheadedness but that's the exception.
by BoglePablo
Fri Jun 05, 2020 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Aspiration Summit checking : new checking, then Spend/Save accounts?
Replies: 1
Views: 509

Re: Aspiration Summit checking : new checking, then Spend/Save accounts?

Terms have changed; now, in order to earn 1% on balances up to $10,000, you need to - subscribe via monthly fee to upgrade to an interest bearing account - spend at least $1,000 a month out of your account Balances over $10,000 earn .1% interest. ATM fee reimbursements reduced to one reimbursed tran...
by BoglePablo
Sun May 03, 2020 9:08 am
Forum: Personal Investments
Topic: What would you invest 50K in?
Replies: 25
Views: 2604

Re: What would you invest 50K in?

I’m not looking to take financial advice from anyone online. You don’t have to worry about me. But I do have some available investment cash. I’m young, can afford to take risks though not looking for anything especially risky. Just wondering, if you had 50K today to invest, what would you do? I wou...
by BoglePablo
Sun Apr 19, 2020 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Upgrade Computer Before Law School?
Replies: 42
Views: 1982

Re: Upgrade Computer Before Law School?

Jack FFR1846 wrote: Fri Apr 17, 2020 9:06 am No.
"get rid of that overpriced fruit computer"
BWAHAHA i spat out my coffee. Best line today. :mrgreen:
by BoglePablo
Fri Mar 01, 2019 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Aspiration Summit checking : new checking, then Spend/Save accounts?
Replies: 1
Views: 509

Aspiration Summit checking : new checking, then Spend/Save accounts?

Hi all - anyone else using Aspiration Summit checking? Last year, they were touting "new and improved" Summit checking accounts, where you get 1% interest on the total balance (not just the balance over $2500). I just "converted" to this new account (i.e. Aspiration itself isnt a bank, it appears th...
by BoglePablo
Sat Dec 15, 2018 3:48 pm
Forum: Personal Investments
Topic: I made a mistake by not selling when the market was high this year
Replies: 165
Views: 23322

Re: I made a mistake by not selling when the market was high this year

spectec wrote: Sat Dec 15, 2018 9:37 am You mistake is in thinking you made a mistake. Don't make another mistake by doing something (unless it's a legitimate rebalancing).
My friend Todd told me "If it's a legitimate rebalancing, his IPS has ways to try to shut the whole thing down"
by BoglePablo
Wed Nov 21, 2018 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: HSBC online savings; comments?
Replies: 14
Views: 1823

HSBC online savings; comments?

I have had an HSBC online savings account since 2008, when their rates were competitive. Some years after that, their rates dropped, and I have not been earning any interest for several years now. They just increased their online savings rate to 2.01% (or perhaps created a new online account with th...
by BoglePablo
Sun Nov 04, 2018 7:49 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block 2018 Tax Software Deluxe $18.00 - Black Friday sale
Replies: 314
Views: 30747

Re: H&R Block 2018 Tax Software Deluxe Federal + State $29.95

tuningfork wrote: Sat Nov 03, 2018 10:26 pm I use H&R Block software to prepare my state taxes, but rather than paying the fee to e-file, I go to my state's free online tax filing website. Transcribe the numbers, takes 5 minutes, submit. Free. This is for Colorado. Your state may not have this option.
Same for illinois
by BoglePablo
Mon Oct 15, 2018 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 396
Views: 41232

Re: free dinner investing seminar

I don't get the angst over taking advantage of a free meal. Look at it this way, they invited you, so you're doing the polite thing by accepting their invitation. +1 It's a business transaction, same as the $200 bonus for opening up a new checking account. I'm up front about closing it after the re...
by BoglePablo
Fri Oct 05, 2018 12:12 pm
Forum: Personal Investments
Topic: New immigrant with complicated situation
Replies: 24
Views: 2957

Re: New immigrant with complicated situation

Keep it simple and legal. You can each legally gift her $10,000 per year. I don't think you can give her $750,000 legally. Not to be pedantic, just accurate: there is nothing illegal about gifting money, regardless of the amount. There are federal and in some cases state requirements regarding taxe...
by BoglePablo
Thu Sep 27, 2018 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 968
Views: 134128

Re: How much money do you want to retire?

A typical suburban house with 2500 sqft and 4 bedrooms will have taxes around $12K in Bostom Metrowest area *WITH* good school system. I live about 40 miles from Boston and my taxes for that house are over $13K. The assessed price is around $700K. My RE portion had been always higher than PI since ...
by BoglePablo
Sun Sep 23, 2018 9:34 am
Forum: Investing - Theory, News & General
Topic: Regrets / Pearls
Replies: 37
Views: 7266

Re: Regrets / Pearls

- save more, earlier (and in particular, Roth IRA)
- maybe I shoulda kept the 2-flat unit I owned, when I moved to the 'burbs
But these are more opportunities, rather than significant problems I regret
In particular, I think that whatever I had saved, I would have wanted to save more, in hindsight
by BoglePablo
Fri Sep 21, 2018 11:03 pm
Forum: Personal Investments
Topic: Proposed Retirement Portfolio Critique Solicited
Replies: 7
Views: 913

Re: Proposed Retirement Portfolio Critique Solicited

1) I believe a "tax-managed" fund is intended to minimize capital gains distributions (there may be multiple techniques, eg minimizing the sale of appreciated stocks, harvesting losses against gains, etc). I do not consider the higher-expense ratio for such active mgt as worthwhile 2) I concur the p...
by BoglePablo
Tue May 15, 2018 9:04 pm
Forum: Personal Consumer Issues
Topic: Three sump pumps?
Replies: 10
Views: 1510

Re: Three sump pumps?

Our house has two sumps and we had primary and backup (battery) pumps in each pit. One day I was traveling on business and got a call from home that the basement carpeting was wet. All four pumps had failed. I asked whether my kids (primary users of basement) had heard a high pitched sound which wa...
by BoglePablo
Tue May 15, 2018 8:59 pm
Forum: Personal Consumer Issues
Topic: Three sump pumps?
Replies: 10
Views: 1510

Re: Three sump pumps?

You are asking about replacing a sump pump with a combo unit (primary and backup)? Or you are asking about *adding* this combo to an existing sump pump? I have an existing primary and backup installation in my current pit, like in this picture: http://www.uswaterproofing.com/services/residential/bo...
by BoglePablo
Tue May 15, 2018 8:11 pm
Forum: Personal Consumer Issues
Topic: Three sump pumps?
Replies: 10
Views: 1510

Three sump pumps?

Hi all - At my previous house (~2K sq ft), I had a standard 22gal sump pump pit. The drainage was bad, and power would go out regularly during heavy storms, so I had a primary, and battery-backup, pump. When the battery-backup pump needed to be replaced, I installed a combo https://www.basementwatch...
by BoglePablo
Wed Apr 18, 2018 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: What online bank do you use?
Replies: 99
Views: 18367

Re: What online bank do you use?

Thanks for all the suggestions, everyone! I happened to stumble upon The Aspiration Summit checking account, which offers an 1.00% APY on balances above $2,500.00. Is this too good to be true? It has foreign transaction fees , so if you're doing much international travel, that puts it firmly below ...
by BoglePablo
Sat Apr 14, 2018 10:26 am
Forum: Personal Investments
Topic: Fund to pick for Roth IRA
Replies: 5
Views: 962

Re: Fund to pick for Roth IRA

Hi all, Im a married 28 year old, two children. I currently have a Roth IRA through Fidelity. My Roth IRA is 100% in FUSVX as of right now and that is sitting around $11,500. I've maxed it out for the year and am also looking to create a Roth for my wife as well. Should I simply pick what I did abo...
by BoglePablo
Sat Apr 14, 2018 10:12 am
Forum: Personal Investments
Topic: Which fidelity funds?
Replies: 29
Views: 4565

Re: Which fidelity funds?

As this appears to be a Fidelity Taxable account, avoid mutual funds due to their higher tax cost ratio (i.e. future taxes). Just buy commission-free index ishares ETFs from Fidelity (https://www.fidelity.com/etfs/ishares). You can start with 60% ITOT (Core S&P Total U.S. Stock Market) and 40% AGG ...
by BoglePablo
Sat Apr 14, 2018 10:04 am
Forum: Personal Investments
Topic: Reducing tIRA balance, prior to backdoor Roth?
Replies: 4
Views: 511

Re: Reducing tIRA balance, prior to backdoor Roth?

Thanks retiredjg for your insights! Yes. A conversion is taxed at your marginal rate (which is often your tax bracket). There are no penalties or extra tax. If you are in a high tax bracket, I'd put the money into taxable rather than paying a high tax rate to get that $50k into Roth. You may have de...
by BoglePablo
Sat Apr 14, 2018 8:15 am
Forum: Personal Investments
Topic: Reducing tIRA balance, prior to backdoor Roth?
Replies: 4
Views: 511

Reducing tIRA balance, prior to backdoor Roth?

Hi, I want to do backdoor Roth contributions in the future (due to exceeding the maximum earned income limits) I think that in order to do this, I should first reduce my existing tIRA balance (to avoid the prorated tax bill) tIRA balance is about $50K; exactly $6K is after-tax contributions over the...
by BoglePablo
Sat Apr 07, 2018 10:27 pm
Forum: Personal Investments
Topic: Moving Rollover IRA into 401k , cost basis to worry about ?
Replies: 7
Views: 999

Re: Moving Rollover IRA into 401k , cost basis to worry about ?

Am i right about the cost basis assumption ? Sounds like you are right. If none of the money has ever been taxed, such as from non-deductible contributions to IRA, there is no basis and it is all just waiting to be taxed at withdrawal. On the other hand: I have a tIRA with some basis (after tax con...
by BoglePablo
Sat Apr 07, 2018 4:41 pm
Forum: Personal Investments
Topic: Very short term investment
Replies: 17
Views: 1890

Re: Very short term investment

Vanguard Prime MM is at 1.73% currently, likely to continue upward trend with planned Fed rate increases. My saving account is 1.5% is this worth additional 0.23%? $23 difference for my $10k savings fund sitting in Marcus/Goldman Sachs. I might spend the time linking my Marcus account to Vanguard i...
by BoglePablo
Fri Apr 06, 2018 9:22 pm
Forum: Investing - Theory, News & General
Topic: What is Megacorp?
Replies: 62
Views: 6424

Re: What is Megacorp?

Ok. I have a dumb question, and I'm probably overthinking it. I looked in the abbreviations list and didn't see it listed. When people refer to Megacorp, what do they mean? That they work for a large corporation and make a significant salary? I wonder if there is a reference to some TV show? You kn...
by BoglePablo
Sun Apr 01, 2018 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA: Vanguard excess contribution removal ?
Replies: 2
Views: 601

Re: Roth IRA: Vanguard excess contribution removal ?

Thanks welx23 for sharing your experience!
by BoglePablo
Sun Apr 01, 2018 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Roth IRA: Vanguard excess contribution removal ?
Replies: 2
Views: 601

Roth IRA: Vanguard excess contribution removal ?

Hi - DW and I will exceed the income limit this year for Roth IRAs. We realized this after having made two monthly contributions ($1,000). We submitted Vanguard's excess contribution removal form. Since the market dropped slightly, we received slightly less than what we contributed (~$980). Vanguard...
by BoglePablo
Sat Mar 31, 2018 12:32 am
Forum: Personal Finance (Not Investing)
Topic: When did you know your kids would go to college?
Replies: 91
Views: 6275

Re: When did you know your kids would go to college?

NextMil wrote: Fri Mar 30, 2018 10:52 am They are going to college whether they like it or not. College is the new high school. Boom, problem solved. Now let the flaming of my view begin.
+1
by BoglePablo
Sun Mar 18, 2018 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Does credit score matter if you never plan to borrow money again?
Replies: 44
Views: 5258

Re: Does credit score matter if you never plan to borrow money again?

Yeah, I'm one those that won't let people take advantage of me. I let them know I won't capitulate and will fight all the way. Follow the law, make them verify the debt and all that. Many give up at that point because all they have is a name and amount they bought for cents on the dollar. I agree s...
by BoglePablo
Sat Mar 10, 2018 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 349
Views: 57748

Re: Does anyone here with net worths north of $1 mil use financial advisors?

A few years ago I accepted an offer from a Vanguard rep to review my financial situation. I stated that my primary goals were to retire by X and fund my kids tuition. I believe I made clear I was DIY. The conversation consisted of this person saying "yes you are on the right track, is there anything...
by BoglePablo
Sun Mar 04, 2018 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Home appraisal gone wrong (split levels and livable space)
Replies: 47
Views: 9437

Re: Home appraisal gone wrong (split levels and livable space)

I was an appraiser for 25 years and a raised ranch, split foyer, and ranch with a basement are all considered equal for appraisal purposes. That being said, the property being appraised should be within 20% +/- in square footage to the comparable sales, of similar age and condition. What style home...
by BoglePablo
Sun Mar 04, 2018 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Home appraisal gone wrong (split levels and livable space)
Replies: 47
Views: 9437

Re: Home appraisal gone wrong (split levels and livable space)

OP, are you working with a local realtor? If so, does he or she agree with your assessment? Not sure what you are asking. If I was working with a realtor, they would only care about potential sale price, which would be in the 440-480 range. I'm just curious as to the capabilities of the realtors on...
by BoglePablo
Sun Mar 04, 2018 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Home appraisal gone wrong (split levels and livable space)
Replies: 47
Views: 9437

Re: Home appraisal gone wrong (split levels and livable space)

OP, are you working with a local realtor? If so, does he or she agree with your assessment? I had a similar home: split level, large living area below grade, thus offically about 1500 sq ft above grade living space but 2600 sq ft total. This did not figure into our home appraisal, or historical taxe...
by BoglePablo
Sat Feb 17, 2018 9:27 am
Forum: Personal Investments
Topic: Going from non-admiral funds to admiral
Replies: 14
Views: 1659

Re: Going from non-admiral funds to admiral

In the past i've gotten a notification that my shares would automatically be updated to Admiral. Don't recall the acct type; is this only for certain types of accounts?
by BoglePablo
Sun Sep 24, 2017 7:04 am
Forum: Personal Consumer Issues
Topic: Equifax: protecting my minor child's information?
Replies: 2
Views: 605

Re: Equifax: protecting my minor child's information?

Thanks Nate.

That link led to the specific Equifax page, indicating the snail mail instructions to freeze a child's credit report:

There are also links to the other credit bureaus, state-specific laws, etc

Appreciate the info!
- Pablo
by BoglePablo
Sat Sep 23, 2017 8:40 pm
Forum: Personal Consumer Issues
Topic: Equifax: protecting my minor child's information?
Replies: 2
Views: 605

Equifax: protecting my minor child's information?

Hi Boglefriends - (Longtime lurker & LBYM/DIY practitioner; recent occasional poster) In addition to my info, and my wife's info, one of my minor children's info appears to have been impacted by the Equifax breach (according to their website). My other child was NOT impacted. Neither the Equifax fre...
by BoglePablo
Sat Sep 16, 2017 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: Do you celebrate financial milestones?
Replies: 124
Views: 19207

Re: Do you celebrate financial milestones?

A number of posts made it sound like folks were reticent to celebrate financial milestones. The thought occurred to me that it's important to celebrate milestones. They don't need to be extravagant or out of proportion but celebrating life is important and if there has been effort expended, sacrifi...
by BoglePablo
Sat Sep 16, 2017 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Do you celebrate financial milestones?
Replies: 124
Views: 19207

Re: Do you celebrate financial milestones?

So it got me thinking, do you celebrate financial milestones? Did you do something special when you hit $100k, $500k, $1 million, etc? We probably all celebrate, to some extent. I will mention a new milestone to my wife, and she might grunt and go back to reading the paper. Then update my spreadshe...
by BoglePablo
Fri Jul 14, 2017 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Do you keep a balance in your settlement fund?
Replies: 30
Views: 7814

Re: Do you keep a balance in your settlement fund?

No. Like many other responses, i keep a buffer of cash in other locations - active checking, high yield online savings.

Having said that: there's probably a few hundred i havent swept up into above accounts #lazyBoglehead :happy
by BoglePablo
Tue Jul 04, 2017 9:49 pm
Forum: Personal Investments
Topic: Two comma club - thank you
Replies: 16
Views: 5256

Re: Two comma club - thank you

bubbadog wrote:Congrats! I feel the same way. This forum has been invaluable to me as well.
Ditto.

Thanks to all the posters who provide such excellent insight and wisdom. Lurkers thank you.

Congrats on your personal milestone.
by BoglePablo
Sun Jun 04, 2017 9:12 am
Forum: Personal Finance (Not Investing)
Topic: How do you keep spouse informed of family finances?
Replies: 38
Views: 6899

Re: How do you keep spouse informed of family finances?

elnegativo wrote:About once every two years:

Wife: (somewhat accusatorily) Are you saving our money

Me: Yes.

Wife: Well, ok then.
Lol i laughed aloud at this

I have to remind my wife to nag me about $ she is oblivious