Search found 315 matches

by TheDDC
Mon May 20, 2019 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Urgent credit problem
Replies: 33
Views: 2619

Re: Urgent credit problem

Went right for the financial documents? Sounds like the thief was Boglehead trained. :beer I find it doubtful that much will happen if you follow the basic procedures of closing credit card accounts and freezing credit. Some of these types are stupid and will cycle through SSNs until they hit paydir...
by TheDDC
Mon May 20, 2019 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 191
Views: 12023

Re: High net worth, elite private or “good” public

Hello, my kids will be going into 4th 2nd and K this coming school year. The 2 oldest are doing well but my DW and I have growing reservations about the nearby public school system. Currently the elementary /middle / and high schools are all “B” rated schools (6/10 great school rankings). We have t...
by TheDDC
Fri May 17, 2019 10:13 pm
Forum: Personal Investments
Topic: Am I being ripped off?
Replies: 42
Views: 4705

Re: Am I being ripped off?

I'm currently managing 2/3 of my portfolio by myself in typical Bogleheads fashion. 1/3 of my portfolio, however, is managed by Morgan Stanley. I initially chose to do that as I wasn't entirely confident in my ability to manage such a large portfolio (seven figures), so it was sorta reassuring to h...
by TheDDC
Fri May 17, 2019 8:46 pm
Forum: Personal Investments
Topic: pension vs. 403(b) selection
Replies: 13
Views: 899

Re: pension vs. 403(b) selection

Your pension is treated as property. I would go for the pension hands down. Don't listen to the anti-pension people. Deferred benefits are benefits paid later in lieu of paying a competitive salary today.

COLAs are unearned and are subject to change until retirement. Big difference.

-TheDDC
by TheDDC
Fri May 17, 2019 2:33 pm
Forum: Investing - Theory, News & General
Topic: Will ETFs Replace Traditional Funds
Replies: 87
Views: 4725

Re: Will ETFs Replace Traditional Funds

If you are concerned ONLY about ERs on index funds, I would highly suggest opening a Fidelity brokerage or IRA where you can go with the Zero(tm) funds or pay 1.5 bps for funds that have had a longer track record than the Zero funds. My 403(b) is through Fidelity and I am able to buy funds at a much...
by TheDDC
Thu May 16, 2019 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Logistics of splitting tuition costs with child
Replies: 77
Views: 3384

Re: Logistics of splitting tuition costs with child

This is too complicated as evidenced by the replies. The fact is college tuition is a bubble waiting to burst. Best way to finance a bubble is with OPM.

Have your kid take a job that pays 75-100% of college tuition. In my state/area these jobs are plentiful.

Best of luck.

-TheDDC
by TheDDC
Wed May 08, 2019 10:07 pm
Forum: Personal Investments
Topic: investing advice
Replies: 12
Views: 1244

Re: investing advice

1.5% is atrocious. Market timing is stupid. There really is no need to pay someone to invest your nestegg, especially during the accumulation phase. Invest in the Bogle three fund portfolio as mentioned. Take this advice from myself and others who have been there, done that. If you absolutely can't ...
by TheDDC
Sun May 05, 2019 10:11 pm
Forum: Personal Investments
Topic: Say you have a pension & lot of cash. With those in mind, does it make sense to have a more aggressive allocation?
Replies: 62
Views: 4182

Re: Say you have a pension & lot of cash. With those in mind, does it make sense to have a more aggressive allocation?

You can assume, but that doesn't make it true unless your employer also agrees. Not to mention disability and other disagreeable surprises. Exactly, nothing is official until you’re at that point of receiving said pension. A lot of things can happen in between, and I’ve seen many people get screwed...
by TheDDC
Sun May 05, 2019 7:44 pm
Forum: Personal Investments
Topic: Say you have a pension & lot of cash. With those in mind, does it make sense to have a more aggressive allocation?
Replies: 62
Views: 4182

Re: Say you have a pension & lot of cash. With those in mind, does it make sense to have a more aggressive allocation?

Whatever is vested you should count. It gets a little tricker which discount rate to use to calculate present value... So don’t assume I’ll continue to work for a participating employer for the next 25 years and walk away with 70% of my final salary. You can assume, but that doesn't make it true un...
by TheDDC
Sun May 05, 2019 7:06 pm
Forum: Personal Investments
Topic: Say you have a pension & lot of cash. With those in mind, does it make sense to have a more aggressive allocation?
Replies: 62
Views: 4182

Re: Say you have a pension & lot of cash. With those in mind, does it make sense to have a more aggressive allocation?

I am 33, and 100% in stocks for both my 401k & Roth IRA. I realize this is pretty aggressive, but my reasoning is that I have a lot of cash in a HYSA, and once I retire I'll be getting a pension somewhere between 36%-63% of my final salary (depending if I early retire at around age 54 or retire at ...
by TheDDC
Sun May 05, 2019 7:03 pm
Forum: Personal Investments
Topic: Say you have a pension & lot of cash. With those in mind, does it make sense to have a more aggressive allocation?
Replies: 62
Views: 4182

Re: Say you have a pension & lot of cash. With those in mind, does it make sense to have a more aggressive allocation?

I am 33, and 100% in stocks for both my 401k & Roth IRA. I realize this is pretty aggressive, but my reasoning is that I have a lot of cash in a HYSA, and once I retire I'll be getting a pension somewhere between 36%-63% of my final salary (depending if I early retire at around age 54 or retire at ...
by TheDDC
Sun May 05, 2019 5:34 pm
Forum: Personal Investments
Topic: Say you have a pension & lot of cash. With those in mind, does it make sense to have a more aggressive allocation?
Replies: 62
Views: 4182

Re: Say you have a pension & lot of cash. With those in mind, does it make sense to have a more aggressive allocation?

I am 33, and 100% in stocks for both my 401k & Roth IRA. I realize this is pretty aggressive, but my reasoning is that I have a lot of cash in a HYSA, and once I retire I'll be getting a pension somewhere between 36%-63% of my final salary (depending if I early retire at around age 54 or retire at ...
by TheDDC
Sun May 05, 2019 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage or No Marriage? (Home, children, HSA, IRA, etc.)
Replies: 62
Views: 4906

Re: Marriage or No Marriage? (Home, children, HSA, IRA, etc.)

My fiancée and I are “new age” I suppose in that we were are considering living together as two high income people (both physicians) instead of marrying to avoid the marriage tax penalty. In addition, we have a significant net wealth difference (my>>her) which worries me if we marry then get divorc...
by TheDDC
Sun Apr 28, 2019 4:38 pm
Forum: Personal Investments
Topic: 42 and 39 years old, 2 kids, Please advice on Retirement/ Asset Allocation/ Tuition
Replies: 28
Views: 3197

Re: 42 and 39 years old, 2 kids, Please advice on Retirement/ Asset Allocation/ Tuition

I would not contribute to a 529. The higher ed bubble will (have to) break soon and if it's not spent on education expenses you get a penalty when withdrawn. Put as much as possible in tax advantaged/deferred space. If you decide it fits with lifeetyu as mentioned you can pay it out of a Roth. -TheDDC
by TheDDC
Fri Apr 26, 2019 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: For those with years on me...Can I afford this home?
Replies: 70
Views: 4687

Re: For those with years on me...Can I afford this home?

If you have to ask, you probably can't.

-TheDDC
by TheDDC
Thu Apr 25, 2019 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Advising financially unsavvy family on windfall
Replies: 77
Views: 5662

Re: Advising financially unsavvy family on windfall

My main observation is that folks who inherit need to keep themselves out of the clutches of well-meaning people including: 1. People at their bank. 2. People at their church. 3. People in their neighborhood. 4. People who are their friends. 5. People who are their family. 6. People who represent t...
by TheDDC
Tue Apr 23, 2019 9:29 am
Forum: Personal Consumer Issues
Topic: Best pillow under $50?
Replies: 33
Views: 2445

Re: Best pillow under $50?

One word: Costco.

We went and splurged on the $100 pillows at Bed Bath and Beyond when we first got married. Then we returned them and bought a few $15 pillows at Costco. Very comfy pillows.

-TheDDC
by TheDDC
Sun Apr 21, 2019 3:44 pm
Forum: Investing - Theory, News & General
Topic: American Funds vs Vanguard
Replies: 69
Views: 4234

Re: American Funds vs Vanguard

Franklin Templeton funds aren't the worst. A family member has the bulk of her IRA in FKINX. Without any new money going in the fund performance is *OK* and the fees aren't the worst I've seen for funds of this type. Wasn't my decision, but it could be worse I guess.

-TheDDC
by TheDDC
Sat Apr 20, 2019 12:02 am
Forum: Investing - Theory, News & General
Topic: This could be the biggest risk that retirees face?
Replies: 117
Views: 8482

Re: This could be the biggest risk that retirees face?

You're doing it wrong if you aren't planning with "preservation of capital" in mind. Down curve year over year should follow inflation, not spending. -TheDDC So retirees should plan as though they will live forever? I believe the term to describe would be closer to "generational wealth". That does ...
by TheDDC
Fri Apr 19, 2019 11:47 pm
Forum: Investing - Theory, News & General
Topic: This could be the biggest risk that retirees face?
Replies: 117
Views: 8482

Re: This could be the biggest risk that retirees face?

You're doing it wrong if you aren't planning with "preservation of capital" in mind. Down curve year over year should follow inflation, not spending. -TheDDC So retirees should plan as though they will live forever? I believe the term to describe would be closer to "generational wealth". That does ...
by TheDDC
Fri Apr 19, 2019 9:56 pm
Forum: Investing - Theory, News & General
Topic: This could be the biggest risk that retirees face?
Replies: 117
Views: 8482

Re: This could be the biggest risk that retirees face?

You're doing it wrong if you aren't planning with "preservation of capital" in mind. Down curve year over year should follow inflation, not spending.

-TheDDC
by TheDDC
Mon Apr 15, 2019 8:22 am
Forum: Investing - Theory, News & General
Topic: Financial Priorities - List
Replies: 19
Views: 1850

Re: Financial Priorities - List

Paisley wrote:
Sun Apr 14, 2019 9:06 pm
Permanent Life Insurance
Long Term Care Insurance
Umbrella Insurance
Brokerage Account / Real Estate, etc.
529 Plan
Alternative Investments
Wow. Your insurance salesman will love you based on this list. Why not term life instead of "permanent life"?

-TheDDC
by TheDDC
Sat Apr 13, 2019 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: How to avoid throwing money at problems?
Replies: 62
Views: 4291

Re: How to avoid throwing money at problems?

You can't have it all, it's impossible. Think about if you might be happier in a smaller house, with a lower income and more hours in the day to spend with your spouse and baby. If that's not right for you then you need to start "throwing money" at these problems or everything in your life is going...
by TheDDC
Fri Apr 12, 2019 3:39 pm
Forum: Personal Consumer Issues
Topic: Soon to be dad, how to prepare
Replies: 127
Views: 6140

Re: Soon to be dad, how to prepare

Bronko wrote:
Fri Apr 12, 2019 3:36 pm
Spend twice the time and half the money on the kids.
BINGO.

Also, we are fans of the Chicco car seats.

-TheDDC
by TheDDC
Fri Apr 12, 2019 3:36 pm
Forum: Personal Consumer Issues
Topic: Soon to be dad, how to prepare
Replies: 127
Views: 6140

Re: Soon to be dad, how to prepare

You seem to have spent much effort getting to this point. Don't farm/outsource the kid out to daycare. My recommendation. Oh, and one more thing for the OP. When you get confident advice from other folks that contradicts your best judgment, feel free to ignore them. For the OP: When you get respons...
by TheDDC
Fri Apr 12, 2019 3:17 pm
Forum: Investing - Theory, News & General
Topic: Equity valuation and not caring
Replies: 50
Views: 3061

Re: Equity valuation and not caring

I view P/E soothsayers as I view other "technical analysts". I don't trust them, or care what they have to say as "nobody knows nuttin'." I DCA over 40% of my annual income.

-TheDDC
by TheDDC
Fri Apr 12, 2019 3:14 pm
Forum: Personal Consumer Issues
Topic: Soon to be dad, how to prepare
Replies: 127
Views: 6140

Re: Soon to be dad, how to prepare

You seem to have spent much effort getting to this point. Don't farm/outsource the kid out to daycare. My recommendation. As for all the "stuff" you think you need, ask around to fellow parents on kid 2, 3, 4. They will tell you what was a waste and what was needed. My theory is 90% of the "baby stu...
by TheDDC
Wed Apr 03, 2019 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Boglehead teachers or those married to one: some questions about career and life...
Replies: 101
Views: 6748

Re: Boglehead teachers or those married to one: some questions about career and life...

If she is vested she'll get the pension which is protected by law/state constitution. Don't listen to the "pension envy" people on this forum. Pension is a great benefit of her job but not the only one. Best pay is for admin jobs but that can be stifling. Some states may let you buy back service fro...
by TheDDC
Tue Apr 02, 2019 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: 11-year old with iPhone - advice on how best to manage?
Replies: 68
Views: 4410

Re: 11-year old with iPhone - advice on how best to manage?

Easy. Don't give him one. 11 year old doesn't need a phone. Can he pay for it himself?

-TheDDC
by TheDDC
Tue Mar 26, 2019 7:24 pm
Forum: Investing - Theory, News & General
Topic: M.I.T.'s Andrew Lo says Buy and Hold dosen't work
Replies: 116
Views: 19766

Re: M.I.T.'s Andrew Lo says Buy and Hold dosen't work

OK I'll bite. I buy and hold, and would imagine many people do on this forum easily. I am nowhere near retirement and am 100/0, so I've never had a need to sell. The only reason I sold was to buy into bank bonuses, but I didn't need to do that either. It all depends on one's fixed income sources. It...
by TheDDC
Tue Mar 26, 2019 6:11 pm
Forum: Personal Investments
Topic: 60/40 now or closer to retirement?
Replies: 32
Views: 3658

Re: 60/40 now or closer to retirement?

When people say they go to 60/40, is that at any age, or closer to retirement? Im confused with the "wealth building phase" Basically, any pointers? Thanks I view it as too conservative, personally, but I also factor a pension into the equation as a fixed income component. As long as you are not ve...
by TheDDC
Sat Mar 23, 2019 8:11 pm
Forum: Personal Investments
Topic: Role of Pensions and Social Security in Asset Allocation
Replies: 147
Views: 7015

Re: Role of Pensions and Social Security in Asset Allocation

I count both my state pension and SS as a bond allocation for retirement purposes based on present value. I also do have a cash value of the pension payable to me immediately that consists of all of my contributions (7.5% of salary over 15 years) with 4% interest. Pension is protected. I am 100/0 AA...
by TheDDC
Wed Mar 20, 2019 9:52 pm
Forum: Personal Investments
Topic: VUSXX or Online Savings Account
Replies: 1
Views: 355

Re: VUSXX or Online Savings Account

If I had that kind of money to put into fixed income and did not want the equity risk I would definitely look at VUSXX, or maybe 50/50. In a high tax (even a low/moderate tax state) the tax-free aspect has to factor into your return. It's also the least riskiest from a non-FDIC perspective as it's i...
by TheDDC
Thu Mar 14, 2019 7:51 am
Forum: Personal Consumer Issues
Topic: Teen got into auto accident, fight ticket or pay fine?
Replies: 79
Views: 4276

Re: Teen got into auto accident, fight ticket or pay fine?

Hi So my teen got into an accident, it was his fault, his car is totalled but thankfully no one is injured. He got a moving violation which can be paid or we can fight it. Since it was his fault, I thought about paying the fine and moving ahead ..........expensive and tiring education for him and m...
by TheDDC
Tue Mar 12, 2019 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Work or stay home for 1 year
Replies: 30
Views: 2030

Re: Work or stay home for 1 year

We are in mid 30s with two little kids in private school. Would you tap into savings (10 months e-fund will be down to 6-7 months after) to cover tuition so one parent can stay home for a year to get a break from the hustle and bustle of working 9-5 and be with little kiddies? Also sacrificing annu...
by TheDDC
Mon Mar 11, 2019 6:42 pm
Forum: Personal Investments
Topic: Health Care Costs In Retirement
Replies: 14
Views: 1407

Re: Health Care Costs In Retirement

For some fortunate folks, usually in the public sector today, early retirees get a break on healthcare costs. No sir. That's a bit of a generalization. I have worked in a few public school districts and none paid insurance until Medicare eligibility save for one with an "early out" deal. FYI to the...
by TheDDC
Mon Mar 11, 2019 6:33 pm
Forum: Personal Investments
Topic: Can't see retiring without 15x-30x fixed income
Replies: 217
Views: 15559

Re: Can't see retiring without 15x-30x fixed income

Maybe it is because I want to retire in my 50s and not my 30s or 40s or that I feel the value of my human capital falls off a cliff the day I retire but I have trouble understanding why anyone would want to retire without having somewhere between 15x-30x in safe fixed income. From my perspective if...
by TheDDC
Mon Mar 11, 2019 11:51 am
Forum: Personal Investments
Topic: Should I go all in with Vanguard or "diversify" with Fidelity?
Replies: 37
Views: 4094

Re: Should I go all in with Vanguard or "diversify" with Fidelity?

I'm with Vanguard and Fido though not because of diversification but because of cost. My workplace 403(b) costs less at Fidelity ($20/yr. compared to $60/yr. with Vanguard) and I can invest in Fidelity's low cost mutual funds and am pining for an option to exchange into the zero funds one day. If it...
by TheDDC
Sun Mar 03, 2019 12:37 am
Forum: Investing - Theory, News & General
Topic: "3 Things to Be Aware of Amid ETF Fee Wars"
Replies: 33
Views: 3422

Re: "3 Things to Be Aware of Amid ETF Fee Wars"

Will the admiral share costs be lowered also? I don't think this will happen in the near future. for the second half of 2018, VTI and VOO had fees at 0.02% annualized, while the Admiral shares were at 0.04%. Presumably some of the expenses from the Investor shares are now spread being paid by the A...
by TheDDC
Sat Mar 02, 2019 1:06 pm
Forum: Personal Investments
Topic: VSUXX vs VMMXX vs VMFXX vs Money Market (FDIC insured)
Replies: 39
Views: 12350

Re: VSUXX vs VMMXX vs VMFXX vs Money Market (FDIC insured)

The one thing I don’t like about Fidelity is their Money market funds andd associated expense ratios. The ERs at fidelity are .42 vs .15 at vanguard. Almost 3 times as much at Fidelity. I think VUSXX is an outstanding fund for those who have State income tax. Agree. I have state tax (though at 3.07...
by TheDDC
Fri Mar 01, 2019 10:53 pm
Forum: Investing - Theory, News & General
Topic: “Market Always Goes Up” defense without past performance
Replies: 143
Views: 8869

Re: “Market Always Goes Up” defense without past performance

The OP premise appears to be combative BS anyway, but I'll play... There is no guarantee with much of any institutional securities these days if you listen to the economic conspiracy hacks. I don't care/listen to Shiller, etc. I am 100/0, with some held in cash. I just invest and buy the market (VTS...
by TheDDC
Mon Feb 18, 2019 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Bank Bonuses w/ Debit Card Activity as Requirement = No 1099-INT
Replies: 12
Views: 1101

Re: Bank Bonuses w/ Debit Card Activity as Requirement = No 1099-INT

whodidntante wrote:
Mon Feb 18, 2019 9:20 pm
I guess it's a rebate. Maybe.
Along that line of thinking, I don't receive 1099-INT statements for any credit card rewards, either, since those are most definitely "rebates" in exchange for spending. I suppose that's why debit card activity may fall under that same category?

-TheDDC
by TheDDC
Sun Feb 17, 2019 10:04 pm
Forum: Personal Investments
Topic: Emergency Fund Account - best option
Replies: 22
Views: 1801

Re: Emergency Fund Account - best option

Does anyone park any money at Heritage Bank?

https://www.heritagebankna.com/ecentive-account/

That is 3.33% on deposits up to $25,000. Only a few requirements. This seems like an excellent EF option. Am I overlooking something?

-TheDDC
by TheDDC
Sun Feb 17, 2019 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Life As A Negative Asset
Replies: 30
Views: 2603

Re: Life As A Negative Asset

The question that always applies to a computation of net worth is "for what purpose"? There are actually legal situations where such things are done, such as divorce proceedings, liability lawsuits, and the like. The Federal Government has cost-benefit rules that deal with things like the cost of s...
by TheDDC
Sun Feb 17, 2019 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Easiest Way to Give $100k Cash to Non-Family Member
Replies: 62
Views: 5226

Re: Easiest Way to Give $100k Cash to Non-Family Member

This is a bad idea. Don't do it. Really you would even consider this? Need a good sit down with a therapist...

-TheDDC
by TheDDC
Sat Feb 16, 2019 11:25 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care issues -- quality, accessibility, and tail risk
Replies: 60
Views: 2691

Re: Long term care issues -- quality, accessibility, and tail risk

I worked hard so I can FIRE, not going to keep paying to be comfortable at 90. Not buying LTCi. Rolling the dice. So you’re planning for your kids to pay for it, then? I second beyou's sentiment. I am not working all these years to blow on more insurance. Your plan seems to be to save to line pocke...
by TheDDC
Sat Feb 16, 2019 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care issues -- quality, accessibility, and tail risk
Replies: 60
Views: 2691

Re: Long term care issues -- quality, accessibility, and tail risk

I firmly believe one has the ability to control a good chunk of that "tail risk" (and its ultimate cost) by how one writes their healthcare POA. I kept a loved one alive for the better part of a decade with late-stage dementia after they were bed-bound, unable to communicate, requiring total care b...
by TheDDC
Sat Feb 16, 2019 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care issues -- quality, accessibility, and tail risk
Replies: 60
Views: 2691

Re: Long term care issues -- quality, accessibility, and tail risk

I worked hard so I can FIRE, not going to keep paying to be comfortable at 90. Not buying LTCi. Rolling the dice. So you’re planning for your kids to pay for it, then? I second beyou's sentiment. I am not working all these years to blow on more insurance. Your plan seems to be to save to line pocke...
by TheDDC
Fri Feb 15, 2019 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care issues -- quality, accessibility, and tail risk
Replies: 60
Views: 2691

Re: Long term care issues -- quality, accessibility, and tail risk

We've just been going through the process of finding a nursing home placement for our mother, so I've had the opportunity to visit a lot of places and confront reality regarding long term care. The most daunting issues that have smacked us in the face are: (1) quality of care, which embraces staff ...
by TheDDC
Sun Feb 03, 2019 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Unpleasant surprise 2018 Federal Tax - high level overview?
Replies: 114
Views: 16334

Re: Unpleasant surprise 2018 Federal Tax - high level overview?

Does the presence of the savers credit reduce my refundable amount by $800? No. Non-refundable credits are applied (pretty much?) in the order they appear on Form 1040 (or whatever schedule for this year). If "earlier" non-refundable credits reduce total tax to $0, the "later" non-refundable credit...