Search found 1706 matches

by flamesabers
Thu May 17, 2018 3:38 pm
Forum: Investing - Help with Personal Investments
Topic: Do I pay towards my mortgage or invest?
Replies: 29
Views: 2178

Re: Do I pay towards my mortgage or invest?

I think the best way to utilize the money really depends on what your highest priorities are. What is most important to you? -Being debt-free? -Maximizing the earnings potential of your money? -Having a nicer house? Being free of debt is very important to me, so I would put the $10k towards the mort...
by flamesabers
Wed May 02, 2018 6:58 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover to Vanguard requires brokerage account?
Replies: 22
Views: 1838

Re: Rollover to Vanguard requires brokerage account?

OP here.

It looks like everything worked out for me. :happy

Vanguard has received the rollover check and soon the money will be transferred from the settlement account to the mutual fund of my choice.
by flamesabers
Tue Apr 17, 2018 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Best cash back card right NOW.
Replies: 34
Views: 4062

Re: Best cash back card right NOW.

What are the best deals Bogleheads have found on cash back cards? I think it depends on where you shop primarily, how much you spend and what level of complexity in terms of managing your card(s) you're willing to accept. If you're wanting to get a single card that doesn't have an annual fee, no sp...
by flamesabers
Fri Mar 30, 2018 4:29 pm
Forum: Investing - Theory, News & General
Topic: 401k vs Traditional IRA
Replies: 34
Views: 1646

Re: 401k vs Traditional IRA

However, with 401k contributions you get an immediate tax deduction versus having to wait until you file your taxes with an IRA. Well, with IRA, you can still calculate your tax deduction in advance, and adjust your W4 accordingly and get a fatter paycheck. This is true if you have a consistent/pre...
by flamesabers
Fri Mar 30, 2018 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Asking for a raise/promotion with another offer in hand
Replies: 103
Views: 6954

Re: Asking for a raise/promotion with another offer in hand

I would advise against trying to get a raise/promotion via a counteroffer for two reasons. First, your employer will permanently question your loyalty to the company when you give an ultimatum of this nature and may result in your employer overtly or subtly treating you unfavorably (assuming they do...
by flamesabers
Fri Mar 30, 2018 11:36 am
Forum: Investing - Theory, News & General
Topic: What’s the magic savings rate???
Replies: 50
Views: 6476

Re: What’s the magic savings rate???

I think the ideal savings rate is subjective. It depends on what kind of retirement you would like to have, your cost of living at retirement age, when you plan to retire and whether you'll have access to additional sources of income such as a pension and social security when you stop working. Inste...
by flamesabers
Thu Mar 29, 2018 9:08 pm
Forum: Investing - Theory, News & General
Topic: 401k vs Traditional IRA
Replies: 34
Views: 1646

Re: 401k vs Traditional IRA

I like contributing to an IRA because I can make my contribution on January 2nd and be done for the rest of the fiscal year. With 401k accounts on the other hand, you can only make a contribution via payroll deduction. However, with 401k contributions you get an immediate tax deduction versus having...
by flamesabers
Thu Mar 29, 2018 8:59 pm
Forum: Personal Consumer Issues
Topic: Auto insurance keeps rising
Replies: 20
Views: 1607

Re: Auto insurance keeps rising

Have you reviewed your policy recently to see if you can make any changes to reduce your premiums? (i.e. raise your deductible, eliminate coverage you no longer need, etc.)
by flamesabers
Thu Mar 29, 2018 6:17 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover to Vanguard requires brokerage account?
Replies: 22
Views: 1838

Re: Rollover to Vanguard requires brokerage account?

I've decided to go ahead and open a brokerage account. I really want to do the rollover and the only other option would be rolling the 401k into the TSP, which I don't want to do at this time due to the lack of flexibility of converting it to Roth in the future.
by flamesabers
Thu Mar 29, 2018 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover to Vanguard requires brokerage account?
Replies: 22
Views: 1838

Re: Rollover to Vanguard requires brokerage account?

What do you perceive as a downside to holding mutual funds inside a brokerage account? Having to wait longer for tax forms is the first thing that comes to mind. The other downside is introducing more complexity with no significant advantages for me. I hold no ETFs, nor do I plan to. I think all ne...
by flamesabers
Thu Mar 29, 2018 11:11 am
Forum: Investing - Help with Personal Investments
Topic: Rollover to Vanguard requires brokerage account?
Replies: 22
Views: 1838

Rollover to Vanguard requires brokerage account?

Hello all, Next month I'm planning on rolling over my 401k to an IRA with Vanguard. When I started going through the online process on Vanguard website, I'm being prompted to open a brokerage account. Is this necessary to do the rollover? Or can I bypass this by filling out the paperwork myself? I'm...
by flamesabers
Tue Mar 27, 2018 6:22 pm
Forum: Investing - Help with Personal Investments
Topic: Employer won't max out 457
Replies: 21
Views: 1702

Re: Employer won't max out 457

Did the OP get the plan document for the 457 plan? That should have any restrictions in it. I'm wondering that as well. It might even give an explanation for the restrictions on contribution. Wouldn't the garnishment of wages be something the employer would have to know about (to carry out the garn...
by flamesabers
Tue Mar 27, 2018 4:45 pm
Forum: Investing - Help with Personal Investments
Topic: Employer won't max out 457
Replies: 21
Views: 1702

Re: Employer won't max out 457

Seems employer-imposed low limits such as 25% penalize those earning less than $74K/yr, and penalize them for no good reason. Or am I missing something? I'm not trying to defend the low contribution limits, but I understand the rationale for it. The fallout of being an accomplice for violating a co...
by flamesabers
Tue Mar 27, 2018 4:20 pm
Forum: Investing - Help with Personal Investments
Topic: Employer won't max out 457
Replies: 21
Views: 1702

Re: Employer won't max out 457

FiveK wrote:
Tue Mar 27, 2018 4:07 pm
Other than "ability to withhold mandated amounts such as FICA taxes" what good non-arbitrary reason does a company have for low percentage limits?
There are other mandated amounts that may be applicable, such as garnishments for alimony, child support, delinquent debt, tax liens, etc.
by flamesabers
Tue Mar 27, 2018 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: Where do I invest TODAY?
Replies: 10
Views: 1333

Re: Where do I invest TODAY?

I think it depends. How many years are you going to be retired before you plan to start withdrawing from your IRAs/401k and/or take social security? What is the intention of your monthly $2k investment? Do you want it to generate income for you during retirement or are you more looking to use all of...
by flamesabers
Tue Mar 27, 2018 3:30 pm
Forum: Investing - Help with Personal Investments
Topic: Employer won't max out 457
Replies: 21
Views: 1702

Re: Employer won't max out 457

Technically the TSP allows me to contribute up to 92% of my base pay to my account. However, there's a stipulation that if I have a deduction or something else that makes it impossible to have enough to pay all of my deductions and meet the 92% contribution, the TSP will automatically slash my contr...
by flamesabers
Mon Mar 26, 2018 3:18 pm
Forum: Personal Consumer Issues
Topic: Should I proactively replace my central AC unit?
Replies: 33
Views: 2436

Re: Should I proactively replace my central AC unit?

I think it depends: * Will a new AC unit be much more energy efficient then your current one? * How tolerant are you of high temperatures without having the A/C running? * How was the average life expectancy for central AC units calculated? (I imagine it varies on your climate, usage and how diligen...
by flamesabers
Mon Mar 26, 2018 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: $35/month for washer dryer rental?
Replies: 37
Views: 3025

Re: $35/month for washer dryer rental?

Just out of curiosity I went to Lowes and found Whirlpool 3.5-cu ft Top-Load Washer $349, and a Whirlpool 7-cu ft Electric Dryer for $349. So lets say $800 including tax, etc. Washers and driers have an average life expectancy of 12 to 14 years. So if the apartment complex buys a washer and drier f...
by flamesabers
Mon Mar 26, 2018 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with a Roth IRA?
Replies: 11
Views: 793

Re: What to do with a Roth IRA?

That sounds like a reasonable idea for handling your Roth IRA.
by flamesabers
Mon Mar 26, 2018 8:42 am
Forum: Personal Finance (Not Investing)
Topic: $35/month for washer dryer rental?
Replies: 37
Views: 3025

Re: $35/month for washer dryer rental?

A washing machine probably won't actually last for 25 years. You would probably want a new one before then even if it did. There have been significant improvements in efficiency in the last 25 years, for instance. Since it is an apartment and you will probably be moving and owning a washer is a bit...
by flamesabers
Fri Mar 23, 2018 9:16 am
Forum: Investing - Help with Personal Investments
Topic: Self-insuring for healthcare - how would you invest
Replies: 34
Views: 2389

Re: Self-insuring for healthcare - how would you invest

Probably either a low-risk bond fund or else put it into savings accounts across 4-5 banks.

If I was in the situation you described, I would prefer to buy an individual health insurance plan with a high-deductible if possible and use the $1 million to pay the premiums/deductibles/co-pays.
by flamesabers
Fri Mar 23, 2018 8:25 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card Recommendations
Replies: 43
Views: 4106

Re: Credit Card Recommendations

Not enough info. What are your credit card reward goals? Travel points, cash back? What is your credit score? Do you intend (or think you might) carry a balance? Do you do international travel? What cards do you have now? Thanks for inquiring. Goals include efficiency with rewards. Cash, miles, hot...
by flamesabers
Thu Mar 22, 2018 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Can a friend sign a large check for me?
Replies: 23
Views: 1973

Re: Can a friend sign a large check for me?

If your friend doesn't have the authority to sign your checks, she shouldn't be doing anything of the sort. If you're the sole owner of your checking account, the bank shouldn't be honoring such a check. Imagine if someone stole some of your checks and wrote a bogus check to withdraw money from your...
by flamesabers
Thu Mar 22, 2018 3:47 pm
Forum: Investing - Help with Personal Investments
Topic: USAA- limited options for investments w/ high ER's, but I still feel loyal. Help!
Replies: 43
Views: 2278

Re: USAA- limited options for investments w/ high ER's, but I still feel loyal. Help!

So -- my questions. 1) Is there a reason I should keep my Roth and IRA with USAA? Members, loyalists, chime in! 2) Is there a penalty for me to roll over my Roth and Traditional accounts elsewhere, where I'll have better investment options? 3) Is there something I'm missing here? I'm just kind of s...
by flamesabers
Thu Mar 22, 2018 2:15 pm
Forum: Personal Consumer Issues
Topic: Anyone Deleting Facebook?
Replies: 329
Views: 22661

Re: Anyone Deleting Facebook?

I deleted my facebook account years ago.
by flamesabers
Thu Mar 22, 2018 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Math question to buy new car: pay full, 0% 36 months, 0.9% 60 months
Replies: 35
Views: 2497

Re: Math question to buy new car: pay full, 0% 36 months, 0.9% 60 months

Case (1) was actually save $1,450. Cases (2) and (3) were save $700. So, in all cases, I am going to save $700, so I took that out of the equation not to muddy the decision making process. My suggestion would be to pay in full. The savings for option #1 is immediate, guaranteed and tax-free. Nobody...
by flamesabers
Wed Mar 21, 2018 10:35 pm
Forum: Personal Consumer Issues
Topic: How can I get a passport?
Replies: 64
Views: 5742

Re: How can I get a passport?

I went to my county's government office to get my passport. I had to write out two checks if I remember correctly (one to the county government and the other to the state department). I also brought a photo that complied with the state department's requirements. I got my photo taken at Walgreens. On...
by flamesabers
Tue Mar 20, 2018 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Baby on the way - Will/Trust needed?
Replies: 9
Views: 862

Re: Baby on the way - Will/Trust needed?

Once your baby is born, you and your wife should update your will to specify who will be the guardian of your child in the event both of you die before your child's 18th birthday.
by flamesabers
Tue Mar 20, 2018 11:41 am
Forum: Investing - Help with Personal Investments
Topic: Is buying $50,000 worth of TSLA at this time advisable?
Replies: 46
Views: 3592

Re: Is buying $50,000 worth of TSLA at this time advisable?

You want to win big with stocks, you need to find the next Tesla that is currently trading at a fraction of its future value and has the potential to grow 10, 20, or 100x. +1. If I wanted to try to win big with buying individual stocks, I would be looking at the underdogs I suspect will be the next...
by flamesabers
Mon Mar 19, 2018 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Those with high savings rate: why?
Replies: 246
Views: 31222

Re: Those with high savings rate: why?

Is it because you want to retire early, or You are not sure what the future holds, e.g. low job security These are among my top reasons to have a high savings rate. I don't like the idea of having to work until I die or being stuck with a job I'm unhappy just because I need the money to pay the bil...
by flamesabers
Sun Mar 18, 2018 4:34 pm
Forum: Investing - Theory, News & General
Topic: Incredibly sleazy Northwestern Mutual cold caller
Replies: 78
Views: 8000

Re: Incredibly sleazy Northwestern Mutual cold caller

Perhaps you were stuck in traffic, and had nothing better to do, but why engage at all? +1. I see no reason to try to justify my financial decisions to a salesperson, much less a cold caller. I would rather not abruptly hang up on someone, but when cold callers refuse to take no for an answer, I wo...
by flamesabers
Sun Mar 11, 2018 11:00 am
Forum: Investing - Help with Personal Investments
Topic: When your spouse’s risk tolerance differs from yours
Replies: 31
Views: 2409

Re: When your spouse’s risk tolerance differs from yours

Do you manage your finances jointly or separately? If it's the former, you'll probably have to reach some sort of compromise to keep the peace between you and your spouse. If it's the latter, it may not be as critical to have a risk profile that is in sync with your spouse's.
by flamesabers
Sun Mar 11, 2018 10:53 am
Forum: Investing - Theory, News & General
Topic: TSP bonds?
Replies: 92
Views: 6865

Re: TSP bonds?

I don't think it's a good idea to interchange the role of bonds with the role of stocks. From what I've seen on this forum, the G-fund is commonly regarded as a top-tier bond fund: The G Fund is a uniquely good deal for investors, as it has a risk/return profile unrivaled by any other fixed income i...
by flamesabers
Fri Mar 09, 2018 3:28 pm
Forum: Investing - Theory, News & General
Topic: Why International again?
Replies: 224
Views: 19944

Re: Why International again?

OP,

Avoiding home country bias is one of the top reasons why I invest internationally.
by flamesabers
Thu Mar 08, 2018 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Are you ready for Amazon checking?
Replies: 42
Views: 6071

Re: Are you ready for Amazon checking?

It's an interesting idea, but unless Amazon offers a substantial reward or incentive to open a checking account with them, I'll pass if this idea ever comes to fruition. The idea of banking with Amazon is no more appealing to me then banking with Walmart or a local grocery store. I wonder if they pl...
by flamesabers
Thu Mar 08, 2018 12:44 pm
Forum: Investing - Help with Personal Investments
Topic: Switching to online bank. Keep brick/mortar bank account open?
Replies: 54
Views: 3191

Re: Switching to online bank. Keep brick/mortar bank account open?

So long as there are no fees and no high minimum balance requirements, I think it's worthwhile to keep your brick & mortar bank account open. One reason I keep my brick & mortar bank accounts open is I still have paper checks associated with these accounts. Even though I seldom write checks, I like ...
by flamesabers
Mon Feb 26, 2018 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One is replacing bank branches with coffee shops & ATMs. Wave of the future?
Replies: 39
Views: 2024

Re: Capital One is replacing bank branches with coffee shops & ATMs. Wave of the future?

Will Starbucks be getting into the banking business if Capital One is successful with this venture? :wink: It's hard for me to evaluate this business model in a positive light because I'm not the type of person that fits into the intended demographics. I don't go to coffee shops, I don't drink coff...
by flamesabers
Mon Feb 26, 2018 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Meeting my tenant the first time - need help
Replies: 14
Views: 1418

Re: Meeting my tenant the first time - need help

Do not tell the tenant that you are having issues with the manager. They may be friends. Do not let the manager go with you for the visit. Tell the tenant you are doing a owner annual walk through inspection and meet the tenants visit. Notify them of your walk through. Look for signs of bad activit...
by flamesabers
Mon Feb 26, 2018 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One is replacing bank branches with coffee shops & ATMs. Wave of the future?
Replies: 39
Views: 2024

Re: Capital One is replacing bank branches with coffee shops & ATMs. Wave of the future?

Will Starbucks be getting into the banking business if Capital One is successful with this venture? :wink: It's hard for me to evaluate this business model in a positive light because I'm not the type of person that fits into the intended demographics. I don't go to coffee shops, I don't drink coffe...
by flamesabers
Fri Feb 23, 2018 10:57 am
Forum: Investing - Help with Personal Investments
Topic: What to do when no Admiral shares? Expense Ratio (Total World)
Replies: 20
Views: 1858

Re: What to do when no Admiral shares? Expense Ratio (Total World)

I am aware of the arguments about splitting Total World up. I do like the simplicity of the one fund. That simplicity comes at a cost and I was just making sure it fell into the realm of low cost. It is a valid point though that if I were to complicate things with conversions, then why not split th...
by flamesabers
Fri Feb 23, 2018 10:30 am
Forum: Investing - Help with Personal Investments
Topic: Guaranteed 2% return?
Replies: 34
Views: 2884

Re: Guaranteed 2% return?

If I was in your situation I would just pay off the debt in full. The satisfaction of being debt-free for me is worth more then earning a few extra dollars over the next 5 years.
by flamesabers
Fri Feb 23, 2018 10:21 am
Forum: Personal Finance (Not Investing)
Topic: How Do People Without Computer Access Prepare and File Their Taxes?
Replies: 53
Views: 3173

Re: How Do People Without Computer Access Prepare and File Their Taxes?

Do you have family members or friends who would let you use their computer/printer to do your taxes?
by flamesabers
Mon Feb 19, 2018 10:29 pm
Forum: Personal Consumer Issues
Topic: Do you wear a wedding band? [at a job interview]
Replies: 157
Views: 10068

Re: Do you wear a wedding band? [at a job interview]

Have any unmarried men worn a wedding band during a job interview to appear married? I haven't, but if I had good reason to suspect it would increase my odds of getting a job I really wanted, I wouldn't be opposed to wearing a wedding band. I would regard it as conforming to cultural norms, much li...
by flamesabers
Fri Feb 16, 2018 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: I'm Cancelling My Home Insurance
Replies: 156
Views: 11601

Re: I'm Cancelling My Home Insurance

There are always risks. Hundreds of thousand of California homeowners who have no earthquake policy are in this situation. How would they manage if an earthquake strikes? I don’t live in CA so don’t know. TravelforFun Just because other people are taking chances by foregoing home insurance doesn't ...
by flamesabers
Fri Feb 16, 2018 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: I'm Cancelling My Home Insurance
Replies: 156
Views: 11601

Re: I'm Cancelling My Home Insurance

I gave up life insurance when I retired and my former employer no longer paid for it. Not a need for me. But I am not the least bit upset that I have been paying homeowners insurance now for 27+ years and my house has never burned down or even had the roof ripped off by high winds. (BTW I also have...
by flamesabers
Fri Feb 16, 2018 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: I'm Cancelling My Home Insurance
Replies: 156
Views: 11601

Re: I'm Cancelling My Home Insurance

You didn't mention WHY you want to cancel it. You buy insurance for something you can't afford to lose and you shouldn't buy what you don't need. I cancelled my life insurance years ago because our net worth could take care of my family if something were to happen to me. TravelfoFun It's one thing ...
by flamesabers
Fri Feb 16, 2018 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: How to get child's skin in the game for college?
Replies: 135
Views: 7175

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

What would your daughter do if her parents didn't have the money to pay for 100% of the expenses for a 4-year college degree? This was the sort of situation my brother and I faced when we were your daughter's age. In the end we both graduated with a degree and secured employment related to our major...
by flamesabers
Thu Feb 15, 2018 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Friend with extremely high interest credit card debt
Replies: 20
Views: 1701

Re: Friend with extremely high interest credit card debt

mptfan wrote:
Thu Feb 15, 2018 1:58 pm
Did your friend ask for your advice about how to get out of debt?
+1.

As you much as you want to help guide your friend out of her debt, unsolicited advice is seldom well-received.
by flamesabers
Fri Feb 09, 2018 7:01 pm
Forum: Investing - Theory, News & General
Topic: Bond funds and stock funds, which one is riskier?
Replies: 50
Views: 4316

Re: Bond funds and stock funds, which one is riskier?

I think it depends on what type of risk you're evaluating. If you're talking about the risk of investing during an economic recession or depression, stocks are definitely riskier. In the event of bankruptcy, bondholders get paid before stockholders. Even if the company doesn't go under, interest pay...
by flamesabers
Fri Feb 09, 2018 3:17 pm
Forum: Personal Consumer Issues
Topic: A bill from the doctor - how/should I contest?
Replies: 44
Views: 4108

Re: A bill from the doctor - how/should I contest?

I think you are right to contest this bill. Failure to bill you correctly and in a timely manner is their problem, not yours. Not getting a detailed explanation for what the bill is for is a huge red flag I think. Saying "it's for behind the scenes services" I think is another way of saying we want...