Search found 90 matches

by GrandMasterBlaster
Mon Jun 26, 2017 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 $200 bonus (and now $300 checking bonus)
Replies: 221
Views: 51538

Re: Capital One 360 $200 bonus

I'm also interested in the $400 checking account bonus. While signing up, I was prompted that I must be a resident of the greater Boston, MA area to qualify, and then told when the account was opened that if I qualified, I would receive the bonus in 6-8 weeks. Has anybody else had the bonus post wit...
by GrandMasterBlaster
Fri Jun 23, 2017 11:49 pm
Forum: Investing - Theory, News & General
Topic: Good Article on Bubbles and Staying the Course
Replies: 27
Views: 4670

Re: Good Article on Bubbles and Staying the Course

Great article with some very interesting food for thought. Thanks for sharing!
by GrandMasterBlaster
Mon Jun 12, 2017 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Auto-Debit May Not Be Such a Good Idea
Replies: 25
Views: 4678

Re: Auto-Debit May Not Be Such a Good Idea

We auto-pay everything beside mortgage (and car loan before we paid it off) from a credit card, then in turn auto-debit that card's monthly balance in full from our checking account. This adds an extra layer of protection for zero interest, as most CC companies offer fraud protection and the ability...
by GrandMasterBlaster
Wed May 31, 2017 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers: what are your best personal finance tips?
Replies: 91
Views: 15034

Re: Teachers: what are your best personal finance tips?

My wife is a teacher in NYS, as are many of my other family members and friends. Despite the bad rap the profession gets, most of them are doing quite well. My dad makes makes six figures as a gym teacher in our very LCOL area and will retire with a handsome pension. My wife only recently got a full...
by GrandMasterBlaster
Wed May 24, 2017 11:31 pm
Forum: Personal Investments
Topic: Backdoor Roth IRA but want to keep SEP-IRA
Replies: 16
Views: 2388

Re: Backdoor Roth IRA but want to keep SEP-IRA

Is it possible to roll it back to Vanguard once you convert it to a Solo 401K with another company? It might be a pain, but you'd end up with what you want.
by GrandMasterBlaster
Tue May 23, 2017 12:10 am
Forum: Personal Investments
Topic: Risk vs. Reward analysis on contributing to 529 when child is hypothetical
Replies: 15
Views: 1583

Re: Risk vs. Reward analysis on contributing to 529 when child is hypothetical

If you are not maxing out your Roth, that $5,500 in annual contributions can be withdrawn without penalty. $11,000/yr if you max out a Roth for the child's other parent, as well. I have a child and ultimately decided that if and when she needs our assistance for college, we can withdraw from our Rot...
by GrandMasterBlaster
Mon May 22, 2017 11:55 pm
Forum: Personal Consumer Issues
Topic: Suggested Reading or Advice for Father-to-be
Replies: 28
Views: 3175

Re: Suggested Reading or Advice for Father-to-be

I second Barefoot's suggestion, and I'll add: don't just be there, watch. I'm not religious, but I believe in miracles after watching my wife give birth.
by GrandMasterBlaster
Sat May 20, 2017 8:00 pm
Forum: Personal Consumer Issues
Topic: Suggested Reading or Advice for Father-to-be
Replies: 28
Views: 3175

Re: Suggested Reading or Advice for Father-to-be

Reading list: #1 The Happiest Baby on the Block - this is the most important one. It's essentially a five-part calming process that replicates the environment in the womb and works INSANELY well at calming fussy/colicky babies. You're going to need these techniques if you want your sanity relatively...
by GrandMasterBlaster
Thu May 18, 2017 12:01 am
Forum: Personal Finance (Not Investing)
Topic: Should I sell my business?
Replies: 41
Views: 4784

Re: Should I sell my business?

I'm a business owner. I make nowhere near what you make, but I've worked my butt off to get where I am, and I love the work. Building a business as profitable as yours is an incredible feat: what do you think the odds are that you can do it again? Are you willing to bet $500K a year on it?
by GrandMasterBlaster
Wed May 17, 2017 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: Should I sell my business?
Replies: 41
Views: 4784

Re: Should I sell my business?

If you reach $1mil in four years, how much longer do you think it will take you to make it to $2mil? At that point, does it really matter whether or not you can sell your business for $500K?
by GrandMasterBlaster
Wed May 17, 2017 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: Should I sell my business?
Replies: 41
Views: 4784

Re: Should I sell my business?

Selling the business for just slightly more than it nets you in a year doesn't make sense to me. If you're confident in the earning potential of your business in the short-term, why not buckle down on expenses, continue for a few more years and pad your accounts? With practically no outstanding debt...
by GrandMasterBlaster
Tue May 16, 2017 11:08 am
Forum: Investing - Theory, News & General
Topic: What Will Burst the Next Bubble?
Replies: 66
Views: 9236

Re: What Will Burst the Next Bubble?

Excellent discussion, plenty of food for thought, and still no reason not to "stay the course." Thanks, guys! I think that student debt is an extremely likely culprit, but I agree that the laws surrounding the loans make it tough to see how it would pan out. I also see some very concerning trends in...
by GrandMasterBlaster
Mon May 15, 2017 11:04 pm
Forum: Investing - Theory, News & General
Topic: What Will Burst the Next Bubble?
Replies: 66
Views: 9236

Re: What Will Burst the Next Bubble?

Always Passive - that's a good point and worthy reminder to stay principled. countofmc - that seems a likely unspoken undercurrent in such fears. runner540 - that certainly seems plausible. Not yet confident that the recovery from '08 is on stable ground. Thanks for humoring me. Several of the books...
by GrandMasterBlaster
Mon May 15, 2017 10:50 pm
Forum: Personal Investments
Topic: Question on 403b
Replies: 6
Views: 982

Re: Question on 403b

Those are really great options for a 403b! Just beware of additional layers of expense, such as management and maintenance fees. Read this: https://www.bogleheads.org/wiki/Lazy_portfolios
by GrandMasterBlaster
Mon May 15, 2017 8:49 pm
Forum: Investing - Theory, News & General
Topic: What Will Burst the Next Bubble?
Replies: 66
Views: 9236

Re: What Will Burst the Next Bubble?

I understand that, and I'm not asking anyone to predict when. My point is that with all the posts I read asking, "Where should I park my cash?" and "Should I wait to invest," it seems like people would have a specific, underlying issue to point to other than the fact that the market has been bullish...
by GrandMasterBlaster
Mon May 15, 2017 8:40 pm
Forum: Investing - Theory, News & General
Topic: What Will Burst the Next Bubble?
Replies: 66
Views: 9236

What Will Burst the Next Bubble?

It seems there are daily posts here expressing fears of an imminent market crash. Many claim that valuations are too high to be sustainable and that a burst bubble is overdue. I, for one, will stay the course and continue my automated purchases regardless, but for those who seem jittery, I'd like so...
by GrandMasterBlaster
Wed May 10, 2017 9:11 pm
Forum: Personal Investments
Topic: Identifying Funds by Number
Replies: 2
Views: 561

Re: Identifying Funds by Number

Thanks, Livesoft - I found that same page, but was unsure if the generic descriptions matched up with the funds in question. As it were, my SIL just found an additional report that lists the full info for all the funds, so I'm all set!
by GrandMasterBlaster
Wed May 10, 2017 8:56 pm
Forum: Personal Investments
Topic: Identifying Funds by Number
Replies: 2
Views: 561

Identifying Funds by Number

I'm trying to help my brother and sister-in-law get a handle on his 401(k) plan, and I'm having a very hard time finding information about the funds he holds. He works for USA Today and has a Gannett Co, Inc. 401(k) with Vanguard as the record keeper. The funds on his report have very generic names ...
by GrandMasterBlaster
Tue May 09, 2017 1:18 pm
Forum: Personal Investments
Topic: Changes to NYS Deferred Compensation Plan
Replies: 124
Views: 20542

Re: Changes to NYS Deferred Compensation Plan

Thanks for the report bennettg! Since the 457 will only comprise a fraction of our holdings, I'm not too worried about the transparency issues. We'll likely keep one or two funds (S&P for sure) with extremely low costs and make up the rest of our AA in other accounts. Even with the AUM bp and annual...
by GrandMasterBlaster
Mon May 08, 2017 11:42 am
Forum: Personal Investments
Topic: managed vs indexed funds for international stocks
Replies: 16
Views: 2623

Re: managed vs indexed funds for international stocks

Just wanted to toss in a thank you to Nisiprius for always laying things out in such an effective, easy-to-grasp manner! To the OP: sounds like your FA is using the time-honored sales technique of letting you choose the entree (where margins are slim), but upselling you on the bottle of wine (where ...
by GrandMasterBlaster
Thu May 04, 2017 8:40 am
Forum: Personal Investments
Topic: 403b vs 457
Replies: 42
Views: 5162

Re: 403b vs 457

From my understanding, CITs are essentially very large funds of funds, so they don't have an individual ticker.
by GrandMasterBlaster
Wed May 03, 2017 10:14 pm
Forum: Personal Investments
Topic: 403b vs 457
Replies: 42
Views: 5162

Re: 403b vs 457

When I started poking around and asking about adding vendors to the list, I basically got laughed at. That's the BPS for you.
by GrandMasterBlaster
Wed May 03, 2017 9:34 pm
Forum: Personal Investments
Topic: 403b vs 457
Replies: 42
Views: 5162

Re: 403b vs 457

Hi, Buffteach - I'm a fellow WNYer whose wife is also a teacher with the BPS. I've been examining this same issue, and I'd be happy to share what I've found. First and foremost, the vast majority of those 403b options come with substantial fees and percentages of AUM. I literally called every single...
by GrandMasterBlaster
Wed May 03, 2017 11:54 am
Forum: Personal Investments
Topic: Changes to NYS Deferred Compensation Plan
Replies: 124
Views: 20542

Re: Changes to NYS Deferred Compensation Plan

Thanks for that link TSWNY, and thanks for bringing up the SRO Willie - that adds an interesting wrinkle. We've been waiting until the changes went into effect before setting up my wife's 457, simply focusing on our Roths and my SEP so that we didn't have to switch all of our funds when the new plan...
by GrandMasterBlaster
Wed May 03, 2017 11:41 am
Forum: Personal Finance (Not Investing)
Topic: have you accepted a lower cost lifestyle to retire early?
Replies: 71
Views: 11887

Re: have you accepted a lower cost lifestyle to retire early?

There is a similar post going now where the poster listed 60K as his yearly spending and 300K for a house - there are many replies, which might give you a good head start on scouting some locations.
by GrandMasterBlaster
Tue May 02, 2017 11:30 pm
Forum: Personal Investments
Topic: Help Me Understand Bogle's Rec on Taxable vs. Non-taxable Allocation
Replies: 2
Views: 681

Re: Help Me Understand Bogle's Rec on Taxable vs. Non-taxable Allocation

Thank you, venkman, for the very clear example. I was just overthinking it and thought I was missing some deeper point.
by GrandMasterBlaster
Tue May 02, 2017 10:46 pm
Forum: Personal Consumer Issues
Topic: Minimalist May
Replies: 21
Views: 2797

Re: Minimalist May

Disc golf! It's got all the upside of golf without the greens fees, dress codes, or tee times. If you're not familiar, the game has the same rules as golf except that instead of hitting a ball with clubs through a course and into a hole, you throw a specialized frisbee through courses of varying ter...
by GrandMasterBlaster
Tue May 02, 2017 9:14 pm
Forum: Personal Investments
Topic: Help Me Understand Bogle's Rec on Taxable vs. Non-taxable Allocation
Replies: 2
Views: 681

Help Me Understand Bogle's Rec on Taxable vs. Non-taxable Allocation

I'm working my way through Common Sense on Mutual Funds, and in the chapter on taxes, Bogle states, "Armed with a tax-efficient stock fund, investors can accumulate more capital by...holding taxable bond funds inside their pension accounts and tax-efficient stock funds outside their pension accounts...
by GrandMasterBlaster
Tue May 02, 2017 3:19 pm
Forum: Personal Consumer Issues
Topic: Where to Live on $60K or Less a Year?
Replies: 248
Views: 40875

Re: Where to Live on $60K or Less a Year?

I'll throw in a plug for Western New York - the severity of our winters has been dampened considerably in the past decade, so NYS taxes seem to be the lone glaring omission from your list. We in the Buffalo/Niagara Falls metro area have abundant outdoor activities (both water and inland), very low c...
by GrandMasterBlaster
Sun Apr 30, 2017 10:23 am
Forum: US Chapters
Topic: Go Inside Jack's Office
Replies: 21
Views: 4162

Re: Go Inside Jack's Office

Awesome! Thanks for the link!
by GrandMasterBlaster
Sun Apr 30, 2017 10:15 am
Forum: Personal Consumer Issues
Topic: The Expensive Car
Replies: 8
Views: 1687

Re: The Expensive Car

Comparison may often be the thief of joy, but it can also help you to stay the course! Whenever my wife brings up some cool thing that our friends bought/did, I bring up the cool money they weren't saving. We have a lot of fun, but we don't have much need for material possessions and status symbols....
by GrandMasterBlaster
Thu Apr 27, 2017 9:30 am
Forum: Personal Investments
Topic: Franklin Income Fund for 18-Yr Old?!
Replies: 5
Views: 880

Re: Franklin Income Fund for 18-Yr Old?!

Thanks all for the countervailing opinions: this forum does a good job of keeping emotions in check! I'm certainly not ungrateful to my father for having set this account up, and I would never dream of complaining to him about it, but I certainly intend to ask him about the circumstances of the acco...
by GrandMasterBlaster
Wed Apr 26, 2017 11:22 pm
Forum: Personal Consumer Issues
Topic: Hourly rate for carpenter?
Replies: 15
Views: 2492

Re: Hourly rate for carpenter?

^This.
by GrandMasterBlaster
Wed Apr 26, 2017 10:41 pm
Forum: Personal Investments
Topic: Franklin Income Fund for 18-Yr Old?!
Replies: 5
Views: 880

Franklin Income Fund for 18-Yr Old?!

As I've been transferring accounts to Vanguard, I started digging into a small IRA my father started for me when I graduated high school (you know, with the idea that I would actually contribute to it before now!). The FA he started the account with is a basketball referee my dad knows from coaching...
by GrandMasterBlaster
Wed Apr 26, 2017 10:25 pm
Forum: Personal Consumer Issues
Topic: Summer vacation, Lake Ouachita, Hot Springs, AR
Replies: 12
Views: 1715

Re: Summer vacation, Lake Ouachita, Hot Springs, AR

Hot Springs NP is great - lots of good hiking and, of course, the springs. What you might not realize is that there are also cold springs. After a long, hot hike in the park, we stumbled upon a "locals" spring where everyone was filling up their jugs of drinking water for the week. One of them "reck...
by GrandMasterBlaster
Tue Apr 25, 2017 7:57 am
Forum: Personal Investments
Topic: 23yr portfolio help
Replies: 9
Views: 1339

Re: 23yr portfolio help

Your loans are at low interest rates (2.79% and 3.875%), so by paying them off you would be locking in moderate risk-free gains. On the other hand, the return on your company match is a 50% risk-free gain. Think you can find a return like that elsewhere in the market? Get both of your matches up to ...
by GrandMasterBlaster
Mon Apr 24, 2017 11:00 pm
Forum: Investing - Theory, News & General
Topic: Investing with American Funds like betting on Tiger Woods
Replies: 23
Views: 4407

Re: Investing with American Funds like betting on Tiger Woods

When my grandmother passed, she left about 30K each to myself, my brother, and my mother. Since I was in my early 20s at the time, my brother even younger, and my mom not financially savvy, the funds were invested through my grandmother's FA, who, of course, put our money into 5.75% load, ~.77% ER A...
by GrandMasterBlaster
Sat Apr 22, 2017 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Should some professions tell people how much they make?
Replies: 39
Views: 6507

Re: Should some professions tell people how much they make?

I tutor full-time and have built up a very steady business for myself in the last five years. I understand what you're going through. There's only one thing you can do to make people trust you: get results. With that said, helping a student get from a C to a B+ only registers so much on a busy profe...
by GrandMasterBlaster
Sat Apr 22, 2017 6:18 pm
Forum: Personal Consumer Issues
Topic: National Parks in Northern CA
Replies: 34
Views: 3650

Re: National Parks in Northern CA

Crater Lake is awesome, but if you are experiencing high volumes in Yosemite and CL, try Prairie Creek State Park in the Redwoods - it's where they shot Endor in Star Wars. Pretty amazing!
by GrandMasterBlaster
Thu Apr 13, 2017 3:03 pm
Forum: Personal Investments
Topic: Changes to NYS Deferred Compensation Plan
Replies: 124
Views: 20542

Re: Changes to NYS Deferred Compensation Plan

For what it's worth, the rep I spoke to told me that there would be a period of several weeks where current fund holders would be able to reallocate themselves before automatically being mapped to new funds.
by GrandMasterBlaster
Thu Apr 13, 2017 10:00 am
Forum: Personal Investments
Topic: 403(b) Option Help
Replies: 30
Views: 2443

Re: 403(b) Option Help

Buccimane,

As an additional data point, we had very similar options and ended up going with the 457b because of slightly lower costs and the advantage of being able to withdraw early with no penalty.
by GrandMasterBlaster
Thu Apr 13, 2017 9:57 am
Forum: Personal Investments
Topic: Plan with Many Moving Parts Needs Review
Replies: 3
Views: 567

Re: Plan with Many Moving Parts Needs Review

Thanks, retiredjg! Really just need a little reassurance that nothing is radically amiss. I did make a few minor adjustments, as further research seems to indicate that while we are in the 15% bracket and expecting our incomes to rise, it makes more sense to max out our Roths first: 1.) Use part of ...
by GrandMasterBlaster
Wed Apr 12, 2017 11:26 pm
Forum: Personal Investments
Topic: 403(b) Option Help
Replies: 30
Views: 2443

Re: 403(b) Option Help

Lincoln Investment features an employee-directed option with Vanguard plus a small fee that seems pretty reasonable. We are going with the 457b instead, because NY has a good deferred compensation plan, so that is worth looking into, as well. You have to press the people from Lincoln a bit about the...
by GrandMasterBlaster
Wed Apr 12, 2017 7:16 pm
Forum: Personal Investments
Topic: Where to park Emergency Fund?
Replies: 32
Views: 3909

Re: Where to park Emergency Fund?

CapitalOne360 currently has a $200 bonus offer for their money market accounts, which will give you 1% if you deposit $10,000. If you've got a spouse, you can open two individual accounts with $15,000 each, get $400 in bonuses, and earn a nice rate while you're at it. I literally just did this, myse...
by GrandMasterBlaster
Wed Apr 12, 2017 7:04 pm
Forum: Personal Investments
Topic: Plan with Many Moving Parts Needs Review
Replies: 3
Views: 567

Re: Plan with Many Moving Parts Needs Review

...or I could just transfer it all to an actively managed account with Edward Jones.
by GrandMasterBlaster
Wed Apr 12, 2017 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Impact of Churning on Credit Score
Replies: 11
Views: 1628

Re: Impact of Churning on Credit Score

Thanks for the reassurance, loik098 and guitarguy!
by GrandMasterBlaster
Wed Apr 12, 2017 1:34 pm
Forum: Personal Investments
Topic: Plan with Many Moving Parts Needs Review
Replies: 3
Views: 567

Plan with Many Moving Parts Needs Review

I’ve been reading, planning, asking questions, and getting myself ready to pull the trigger on a plan with lots of moving parts. I would really appreciate the Bogleheads’ critical eyes to make sure I’m on the right track here. Would love any suggestions on asset location. Our current stats are below...
by GrandMasterBlaster
Wed Apr 12, 2017 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Impact of Churning on Credit Score
Replies: 11
Views: 1628

Re: Impact of Churning on Credit Score

Thanks for the info and suggestions, takeshi!
by GrandMasterBlaster
Wed Apr 12, 2017 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Impact of Churning on Credit Score
Replies: 11
Views: 1628

Re: Impact of Churning on Credit Score

Thanks for the data points, all! Not too concerned with minor dips in our score, as we recently refinanced and are not up for any big purchases in the near future. Just wanted to make sure my score wasn't going to fall off a cliff over a couple hundred bucks here and there. If anyone has any leads o...
by GrandMasterBlaster
Wed Apr 12, 2017 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Impact of Churning on Credit Score
Replies: 11
Views: 1628

Re: Impact of Churning on Credit Score

KATNYC - we did something similar, getting flights for our summer travel paid for with CC air miles bonuses. A few points for additional inquiries is definitely something I can live with, but I'm not sure I understand what you mean by the new line of credit dinging our score. I understand that a hig...