Search found 179 matches

by bltn
Sun Sep 16, 2018 12:58 am
Forum: Personal Consumer Issues
Topic: That Extravagant Thing You Do
Replies: 300
Views: 51807

Re: What is your luxury good?

We ve always had a weakness for nice cars.
We ve always liked to travel for vacations.
Now our biggest luxury is our vacation home. More expensive than traveling overseas.
by bltn
Fri Sep 14, 2018 2:15 am
Forum: Personal Finance (Not Investing)
Topic: Vacation house? Need objective third party
Replies: 66
Views: 5512

Re: Vacation house? Need objective third party

Just a few thoughts from somebody who has owned vacation homes and owns one now: - 700k for a vacation home is expensive, even for your income level and especially given your net worth. We used to own a vacation home in that price range and after moving which limited our use of the house we sold it...
by bltn
Wed Sep 12, 2018 9:09 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity, Schwab, or Vanguard
Replies: 61
Views: 4021

Re: Fidelity, Schwab, or Vanguard

And I always thought the username, password and security question features at Vanguard provided good security. I guess I m not keeping up with the sophisticated computer hacks.
by bltn
Wed Sep 12, 2018 9:05 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity, Schwab, or Vanguard
Replies: 61
Views: 4021

Re: Fidelity, Schwab, or Vanguard

Vanguard just disabled me with the sole 'additional security' of a cell phone code REQUIRED to access account. They disabled your account?! I just checked and I get the annoying page to get 2 factor ID and I click "remind me later" and am taken to the main page. Boy.....if I were locked out, my nex...
by bltn
Wed Sep 12, 2018 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: dumb dentist question - canceling whole life insurance
Replies: 19
Views: 1856

Re: dumb dentist question - canceling whole life insurance

I would cancel the insurance and drop the matter . Unless you like a good scrap and don't mind dealing with this for the next year. If you signed the standard contracts , you won t have a leg to stand on. The salesman will claim one thing was said, and you ll claim another. You ve learned a valuable...
by bltn
Tue Sep 11, 2018 11:17 pm
Forum: Investing - Help with Personal Investments
Topic: Going off-track of asset allocation due to high savings rate
Replies: 47
Views: 2782

Re: Going off-track of asset allocation due to high savings rate

But when your savings are higher, to stick to your AA, you might only put $X into the most underperforming asset (like international) to bring it up to the proper AA amount, but then you have more savings left over, which "should" then be spread among other assets too (including even the over-perfo...
by bltn
Mon Sep 10, 2018 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: $250,000 family loan to parents?
Replies: 50
Views: 4477

Re: $250,000 family loan to parents?

Buy the house from your parents for 50-60 thousand dollars less than you think it will sell for, after a realistic consultation with a local broker. Give your parents the 250,000 dollars and let them hold a note for the rest. When you sell the house, you pay off the note , and gift them any differen...
by bltn
Mon Sep 10, 2018 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Father Wants a Home Mortgage (Bad Credit Score)
Replies: 43
Views: 3070

Re: Father Wants a Home Mortgage (Bad Credit Score)

Time for your father to rent another house, if he can t buy his current one. Don t get involved. There is a reason his credit rating is poor and your grandfather wants to end their deal. Have you spoken with your grandfather or just your father? You should not let your father know you can afford to ...
by bltn
Sun Sep 09, 2018 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Should I keep my financial advisor
Replies: 130
Views: 7434

Re: Should I keep my financial advisor

I think simply review your previous year performance (inclusive of fees) compared to what your 3 fund portfolio returned. If your adviser didn't make you $5000 more than you would have made with a 3 fund - you have to ask yourself why you would pay them $5k for that.... In last 2 years, I have roug...
by bltn
Sat Sep 08, 2018 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Should I keep my financial advisor
Replies: 130
Views: 7434

Re: Should I keep my financial advisor

Tommy, what I would say is by all means bounce ideas off of forum members. By all means have us look at your portfolio. By all means seek advice here. But some caution here. We just cannot run your financial life from here. First of all, no way of knowing all the factors involved in your financial ...
by bltn
Fri Sep 07, 2018 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Should I keep my financial advisor
Replies: 130
Views: 7434

Re: Should I keep my financial advisor

OP found his way here, he can find his way into a low fee target date index fund while he learns the ropes. He is a high earner and will end up paying millions of dollars to folks like you should he listen to advice like that. Or he can pay thousands to Vanguard, hundreds of thousands to the IRS, a...
by bltn
Thu Sep 06, 2018 11:45 pm
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 423
Views: 39852

Re: Lucrative careers?

CRNAs are RNs: Reference: https://www.nursepractitionerschools.com/faq/how-to-become-nurse-anesthetist Actually, CRNA stands for "Certified REGISTERED NURSE Anethesist." CRNAs are RNs. All RNs are not CRNAs. The Nurse Anesthetist (CRNA) I know is a RN. All MDs have Bachelors degrees too. But they c...
by bltn
Thu Sep 06, 2018 2:31 pm
Forum: Investing - Help with Personal Investments
Topic: Psychology of saving for college vs retirement
Replies: 66
Views: 3899

Re: Psychology of saving for college vs retirement

I will tell you about my psychology behind it. I look at College for my kids as an expense I cannot wiggle around or avoid. It is something I will provide for them to the best of my ability, just as I would food, shelter, clothes, toys, schooling or anything else I provide. I wouldn't skimp on thos...
by bltn
Thu Sep 06, 2018 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Time to look at SS [When should I take Social Security?]
Replies: 55
Views: 4891

Re: Time to look at SS [When should I take Social Security?]

Having read and skimmed most of these posts, I haven t seen one factor mentioned. Most people will have more energy for travel and other activities between ages 60 -70 than between ages 70-80. So they might make better use of the income by taking it earlier from that standpoint. However the needs mi...
by bltn
Thu Sep 06, 2018 4:45 am
Forum: Investing - Help with Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 9739

Re: Max you should invest in a 529?

OP, 1% to 5% of your net worth excluding the house. So, for most people, the answer is nothing. KlangFool Seems arbitrary. Care to explain the 1% to 5% range? We are at 10% but also are probably done contributing (2 years maxed for 2 kids each). 10% is high by your standard but what we get: IL stat...
by bltn
Mon Sep 03, 2018 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency fund size
Replies: 72
Views: 6310

Re: Emergency fund size

Yes, the rule of thumb should be based on so many months of expenses, not amount. Someone who spends $20k per month will have a different sized emergency fund than someone who spend $1k per month. When I was younger, I always kept six months worth of expenses. As we get older and life more complica...
by bltn
Mon Sep 03, 2018 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: How to Retire in Your 30's with $1 Million in the Bank
Replies: 148
Views: 18011

Re: How to Retire in Your 30's with $1 Million in the Bank

Back in my day we called these guys "stay home dads" During my parent's time in the 60s and 70s they were called "dropouts" Now they are retired? My favorite post of this thread! :sharebeer Mine too. I wonder if the retired people in their 30 s are enabled by a woeking spouse, like the stay at home...
by bltn
Fri Aug 31, 2018 1:42 pm
Forum: Investing - Help with Personal Investments
Topic: Is it time to go shorter in bonds ?
Replies: 100
Views: 7308

Re: Is it time to go shorter in bonds ?

This is a hard question to answer, a big reason is that we don't know the future. I was advised almost 10 years ago to shorten the maturity of my bonds. I kept everything Intermediate Term and Investment Grade and I am glad that I did because I would have foregone a lot of interest. Yield curve was...
by bltn
Fri Aug 31, 2018 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: Is it time to go shorter in bonds ?
Replies: 100
Views: 7308

Re: Is it time to go shorter in bonds ?

With the Fed's continuing program of raising short-term rates, the spread between the 2-yr and 10-yr Treasuries has narrowed to just 0.20% compared to a historic spread of about 2.0%. This flat yield curve has analysts saying that investors in intermediate term bond funds (such as Vanguard Total Bo...
by bltn
Fri Aug 31, 2018 4:20 am
Forum: Investing - Help with Personal Investments
Topic: $3.5M cash pile at age 63 – what would you do right now (and what wouldn't you do)?
Replies: 34
Views: 5637

Re: $3.5M cash pile at age 63 – what would you do right now (and what wouldn't you do)?

The last 500,000, I d put 1/2 in a cd ladder with Ally, and keep 1/2 in the Vanguard Prime mmf. Quick question about CDs at Ally (having never bought a CD before): Would you do this by opening an account at Ally or by buying Ally CDs from a brokerage or it doesn't matter? If the answer is: brokerag...
by bltn
Thu Aug 30, 2018 10:22 pm
Forum: Investing - Help with Personal Investments
Topic: Help evaluate my financial situation
Replies: 27
Views: 2396

Re: Help evaluate my financial situation

In your position, I would start liquidating the real estate while interest rates are low. I would put the proceeds in a Vanguard account. They will provide a complimentary recommendation for your investment portfolio preparing for retirement, even including your assets outside of Vanguard. You can d...
by bltn
Thu Aug 30, 2018 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need Term Life Insurance?
Replies: 17
Views: 1495

Re: Do I need Term Life Insurance?

I am no expert, but if I was in your position I would consider 1m for me at 10 years, and 500k for her at 10 years. Hers should be dirt cheap, and I am guessing yours would drop a bunch. Make sure it’s actual term and not fake kinda sorta term. This also seems about right to me. Meanwhile continue ...
by bltn
Tue Aug 28, 2018 2:23 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring. 28 y.o. $5M in cash. Asking for advice for portfolio.
Replies: 80
Views: 13481

Re: Retiring. 28 y.o. $5M in cash. Asking for advice for portfolio.

My instinct is that a 20/80 allocation might not keep up with inflation if a 3% withdrawal rate is used. I believe a conservative allocation to maintain portfolio value indefinitely would be 50/50.
by bltn
Sun Aug 26, 2018 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: How do you calculate net worth with pensions?
Replies: 105
Views: 6554

Re: How do you calculate net worth with pensions?

My brother and SIL have pensions. He asked me how do you account your net worth when you have pensions. I told him I really don't know, unless you basically calculate the present worth of it. You will need to find out when you start collecting the benefits and for how long and if there is a spousal...
by bltn
Sun Aug 26, 2018 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: $3.5M cash pile at age 63 – what would you do right now (and what wouldn't you do)?
Replies: 34
Views: 5637

Re: $3.5M cash pile at age 63 – what would you do right now (and what wouldn't you do)?

IfI were in your position , with a year and a half to work, and the assets you describe, I would do yhe following. Unless the real estate is debt free and making a nice return on my money with outside management figured among the overhead costs, I would sell it while the interest rates are relativel...
by bltn
Thu Aug 23, 2018 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Edward Jones rep door knocking
Replies: 90
Views: 8668

Re: Edward Jones rep door knocking

I would like to ask a question without getting roasted over a fire. If you belong to this forum you are usually pretty knowledgable on investments and the importance of saving. I continuously read on here that Edward Jones is basically evil and that 99% of people don't need to have a financial advi...
by bltn
Thu Aug 23, 2018 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Edward Jones rep door knocking
Replies: 90
Views: 8668

Re: Edward Jones rep door knocking

I would like to ask a question without getting roasted over a fire. If you belong to this forum you are usually pretty knowledgable on investments and the importance of saving. I continuously read on here that Edward Jones is basically evil and that 99% of people don't need to have a financial advi...
by bltn
Thu Aug 23, 2018 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance - again
Replies: 34
Views: 2719

Re: Umbrella insurance - again

I just checked. We pay $707 for $4 million with State Farm. I ll have talk to my agent about the coverages. Couldn't t find that information at my online account. Hopefully that includes the vacation house .
by bltn
Mon Aug 20, 2018 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 105
Views: 13564

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

We're there and, even though we got some inherited money, we'd still be there without it. Good fortune and planning went into it. First, we bought our house in 1974, and it's now worth 10 times what we paid for it. Second, we always budgeted on my salary, so whatever my wife made as a secretary was...
by bltn
Mon Aug 20, 2018 8:48 am
Forum: Personal Finance (Not Investing)
Topic: FLorida Condo Insurance
Replies: 6
Views: 703

Re: FLorida Condo Insurance

Our Florida home owners insurance for the last few years has been with Frontline. Best rates for us , as far as I know.
by bltn
Sun Aug 19, 2018 10:11 am
Forum: Investing - Help with Personal Investments
Topic: The 1 portfolio
Replies: 23
Views: 3037

Re: The 1 portfolio

Impressive reading list supplied by Sandtrap. Op, Do you not have access to Vanguard funds? Their Total World Stock Index has a fee of .19%. If I were going to put all my money into the stock market, I would first accumulate 3 years worth of living expenses to help me ride out a prolonged market cor...
by bltn
Fri Aug 17, 2018 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Rental home and paying off debt by refinancing primary home cash out
Replies: 9
Views: 841

Re: Rental home and paying off debt by refinancing primary home cash out

If the interest on the home loan is not deductible but the interest on the rental ks, how much difference is the cost of the two loan options for the rental.
I would borrow the rental money separate from my home mortgage.
by bltn
Thu Aug 16, 2018 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: Take auto loan 0.9% if I can afford cash?
Replies: 162
Views: 10549

Re: Take auto loan 0.9% if I can afford cash?

It's what I did. It's what I'm going to do again. On paper it gives you more money to invest. Money you have invested is at risk. A bad sequence of events could lead to you being unable to make the payments. .9% is lower than the US treasury rate or FDIC insured cash accounts, so its not really fai...
by bltn
Thu Aug 16, 2018 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Take auto loan 0.9% if I can afford cash?
Replies: 162
Views: 10549

Re: Take auto loan 0.9% if I can afford cash?

"Would you take a car loan that you didn’t need?" No, Pay cash move on Don't think about a loan Enjoy the new ride :mrgreen: :mrgreen: I agree. Don t borrow money to buy a car. After taxes , the return on the loan amount invested in cd s will be about .5% annually. One half a percent of the price o...
by bltn
Thu Aug 16, 2018 12:18 pm
Forum: Investing - Help with Personal Investments
Topic: Advisor Dumped, Now How to Best Simplify
Replies: 20
Views: 2558

Re: Advisor Dumped, Now How to Best Simplify

Not knowing your numbers, but assuming your gains don t cause you to incur the NIIT, I lean toward option one. That way you can arrange your asset allocation in index funds and be done with it. Much simpler, and you may end up with more money in the long run.
by bltn
Wed Aug 15, 2018 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: Octogenarian father in law's idea of balance: AAPL + CASH
Replies: 35
Views: 3527

Re: Octogenarian father in law's idea of balance: AAPL + CASH

Agree with not implementing 529 plans. What kind of insurance does your f-i-l have? LTC expenses might be his biggest risk if he doewsn t have this insured. With ghe rmd s, he ll have to start liqidating his Apple before long. Might as well do a little bit now. At least move about 3/4 of his low int...
by bltn
Wed Aug 15, 2018 3:27 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from Vanguard to Fidelity (probably)
Replies: 58
Views: 13250

Re: Moving from Vanguard to Fidelity (probably)

I have my investments divided into approximately 70% with Vanguard and 30% with Fidelity. I like the probably misguided feeling of having a bit of diversity. I do use the cashback Fidelity Visa card (though I know no one gets rich with a cc). The Vanguard er s are less . Look at the returns on money...
by bltn
Tue Aug 14, 2018 9:16 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard PAS Recommendation
Replies: 5
Views: 691

Re: Vanguard PAS Recommendation

Each of the last two years I ve had a Vanguard financial planner review my portfolio with Vanguard, in the context of some very general information about holdings outside of Vanguard, and make recommendations for changes. The first plan was very thorough and very impressive and I m sure was based on...
by bltn
Tue Aug 14, 2018 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: No one seems to have an answer - NIIT on Short Term Cap Gains
Replies: 10
Views: 781

Re: No one seems to have an answer - NIIT on Short Term Cap Gains

Interesting. For some reason I thought the NIIT applied only to ltcg and dividend income. Maybe because that s the only investment income I ve ever had that exceeds 250,000 a year. My interest income income comes primarily from my tax deferred accounts.
by bltn
Mon Aug 13, 2018 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: What to ask agent when seeking to cash out of Whole-Life policy?
Replies: 28
Views: 1982

Re: What to ask agent when seeking to cash out of Whole-Life policy?

I also think cashing out the whole life policies is a good idea. If I owed a student loan that was charging 8.5% interest, I would use the cash tp pay off this very expensive loan. Then I would start making the monthly loan payments into my cash account until I could figure out an appropriate way to...
by bltn
Sun Aug 12, 2018 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard updated 1099 in August!
Replies: 28
Views: 2075

Re: Vanguard updated 1099 in August!

What's the rush to send in an Amended Return? There might be a correction to the correction. We have not filed 2017 taxes yet. I'll get around to it in October. Wow. I file our taxes by the second week in March and would do it before the end of February if I could get all my records early enough. H...
by bltn
Sat Aug 11, 2018 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Help to evaluate Job Offer
Replies: 27
Views: 1909

Re: Help to evaluate Job Offer

If you really feel that leaving your current position is a good idea, I d look for a different opportunity.
by bltn
Thu Aug 09, 2018 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Should I tell my family/friend that they are making a financial mistake?
Replies: 87
Views: 8040

Re: Should I tell my family/friend that they are making a financial mistake?

My siblings and I really have no problems with criticism. One of the in-laws remarked to us at a family gathering, "It is amazing how you all can say anything you want and nobody ever gets mad. With my family we stopped talking to each other years ago based on even more trivial things." So I would ...
by bltn
Wed Aug 08, 2018 5:11 am
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 15419

Re: Will you pay for your kids' college/graduate education?

We re at the end of a long journey with our children educations. Our youngest is in his last year of graduate school. He and his big sister both went to private colleges with no financial aid, and to rather expensive graduate schools. I believe, as several have noted, that a good education is a valu...
by bltn
Sat Aug 04, 2018 12:09 am
Forum: Personal Finance (Not Investing)
Topic: Comfort level with Credit Card Balance
Replies: 86
Views: 5729

Re: Comfort level with Credit Card Balance

I also spend only what I can pay monthly. I don t borrow money with unpaid credit card bills. If I weren't getting 2% back on all cc purchases except for gasoline, for which I get a 5% rebate, I would use a debit card rather than a credit card for the convenience. You re not saving money by accumula...
by bltn
Fri Aug 03, 2018 11:54 pm
Forum: Personal Finance (Not Investing)
Topic: Few weeks into new job recieved significantly better offer elsewhere
Replies: 103
Views: 10188

Re: Few weeks into new job recieved significantly better offer elsewhere

I don t think I would leave my sure thing job for a 6 month trial job, after which a permanent job offer will have to be negotiated. I wouldn't t be sure the permanent job would pay significantly better than my current new job.
Give the new job a chance.
by bltn
Thu Aug 02, 2018 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: DW job in dangerous area
Replies: 90
Views: 7002

Re: DW job in dangerous area

Having quickly skimmed the thread, and being a former resident in the city of Chicago, I would decide that my wife s safety is worth far more than a nice salary or job.
I d go for less money in a safe place in any big city.
by bltn
Thu Aug 02, 2018 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Realities of Early Retirement Model (FIRE)?
Replies: 96
Views: 9824

Re: Realities of Early Retirement Model (FIRE)?

You have to pick your level of consumerism. I see the self help guru aspect - but ultimately you decide what you click on. And if they get a lot of traffic and converts to frugality/LBYM/avoid consumerism, hey, more the better. Drive that car a little longer, be less plastic. The FIRE folks I know ...
by bltn
Wed Aug 01, 2018 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: Rent vs Buy Beach House
Replies: 8
Views: 2143

Re: Rent vs Buy Beach House

Nineteen years ago we bought a beachfront lot with the idea of letting it appreciate over the years. It went way up in value and in 2006 we decided to build a house on it, hoping we could use this for a few years and let it also appreciate. Along came 2008 and the market tanked.We continued to use t...
by bltn
Wed Aug 01, 2018 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Question to retirees - money or work/life balance?
Replies: 46
Views: 5426

Re: Question to retirees - money or work/life balance?

My first 20 years of work , I worked as hard as I could to accumulate the most financial security possible. I now regret not having more time with my family at that stage of my career, but my job was personally fulfilling as well as financially rewarding. The next 15 years I worked fewer hours for l...