Search found 76 matches

by Abciximab
Tue Aug 16, 2011 1:36 am
Forum: Personal Finance (Not Investing)
Topic: Am I Required to Repay Signing Bonus
Replies: 51
Views: 11805

Hey I realize this forum is a year old but this exact same thing just happened to me in Arizona with the same company/contract I believe. I was a year shy of my contract. I would love to know how you handled this and what the outcome has been. I've got the same electronic pdf file that they say I s...
by Abciximab
Fri Aug 05, 2011 10:58 pm
Forum: Investing - Theory, News & General
Topic: U.S. loses AAA credit rating from S&P
Replies: 286
Views: 30028

zaboomafoozarg wrote:
Abciximab wrote:Seriously? I'm every bit as screwed as anyone else 40 years from now.


If you're in a more stable AA you should be doing pretty well (at least so far).


No matter how stable your AA is you're still affected by the problems with Social Security and Medicare.
by Abciximab
Fri Aug 05, 2011 10:35 pm
Forum: Investing - Theory, News & General
Topic: U.S. loses AAA credit rating from S&P
Replies: 286
Views: 30028

Attention all young investors: Now is not the time to talk about how much time you have left and what a wonderful buying opportunity this may be. After all, you don't know what this means to you either. Just keep in mind that there are a lot of people that will be impacted by this in a big way. Ple...
by Abciximab
Fri Aug 05, 2011 9:45 pm
Forum: Investing - Theory, News & General
Topic: Are there any good books on economics out there?
Replies: 50
Views: 4177

My favorite by far is Naked Economics by Charles Wheelan. It's not academic by any measure, but it does an excellent job explaining relatively difficult economic concepts in a real-world, easy to understand way. The examples the author uses are very entertaining and keep you interested throughout.
by Abciximab
Fri Aug 05, 2011 8:57 pm
Forum: Investing - Theory, News & General
Topic: U.S. loses AAA credit rating from S&P
Replies: 286
Views: 30028

Attention all young investors: Now is not the time to talk about how much time you have left and what a wonderful buying opportunity this may be. After all, you don't know what this means to you either. Just keep in mind that there are a lot of people that will be impacted by this in a big way. Ple...
by Abciximab
Fri Aug 05, 2011 8:44 pm
Forum: Investing - Theory, News & General
Topic: U.S. loses AAA credit rating from S&P
Replies: 286
Views: 30028

Attention all young investors: Now is not the time to talk about how much time you have left and what a wonderful buying opportunity this may be. After all, you don't know what this means to you either. Just keep in mind that there are a lot of people that will be impacted by this in a big way. Ple...
by Abciximab
Fri Aug 05, 2011 8:12 pm
Forum: Investing - Theory, News & General
Topic: U.S. loses AAA credit rating from S&P
Replies: 286
Views: 30028

Remember: "Buy when there's blood in the streets, even if the blood is your own"... hopefully we don't bleed out trying to catch all these falling knives. (How many catch phrases can I use to make myself feel better?) Yikes. Abciximab, there is no blood on the streets in treasuries now. T...
by Abciximab
Fri Aug 05, 2011 7:59 pm
Forum: Investing - Theory, News & General
Topic: U.S. loses AAA credit rating from S&P
Replies: 286
Views: 30028

Attention all young investors: Now is not the time to talk about how much time you have left and what a wonderful buying opportunity this may be. After all, you don't know what this means to you either. Just keep in mind that there are a lot of people that will be impacted by this in a big way. Plea...
by Abciximab
Fri Aug 05, 2011 7:46 pm
Forum: Investing - Theory, News & General
Topic: U.S. loses AAA credit rating from S&P
Replies: 286
Views: 30028

Remember: "Buy when there's blood in the streets, even if the blood is your own"... hopefully we don't bleed out trying to catch all these falling knives. (How many catch phrases can I use to make myself feel better?) Yikes.
by Abciximab
Sat May 07, 2011 12:43 pm
Forum: Investing - Help with Personal Investments
Topic: Best HSA to use?
Replies: 5
Views: 1288

I've had an account with Health Savings Administrators (m) for a few years now. They use all Vanguard funds, expenses are very low, and the customer service has been great. They're constantly ranked at the top of various lists from Morningstar, Kiplinger's, etc. I've had nothing but good experiences...
by Abciximab
Fri Apr 08, 2011 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: Ethical to Refinance an Underwater House?
Replies: 18
Views: 2996

I'm 100% sure we'll move within five years. The new mortgage will be at the same interest rate as the current mortgage. I guess keeping the same rate is a stipulation in the program.
by Abciximab
Fri Apr 08, 2011 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Ethical to Refinance an Underwater House?
Replies: 18
Views: 2996

Refinancing definitely doesn’t pass the “ask your grandmother test”, which inherently makes me think it’s the wrong thing to do. We don’t want to do a short sale, but I just don’t see the market rebounding enough to make up for our losses. I think the only way we can do a regular sale is by paying d...
by Abciximab
Thu Apr 07, 2011 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: Ethical to Refinance an Underwater House?
Replies: 18
Views: 2996

Ethical to Refinance an Underwater House?

My wife and I are considering refinancing our mortgage from a 15-year to a 30-year to lower our monthly payments by about $900 a month. We are about $50k underwater on our house, but our bank will still refinance because of some government program. This is our first house, and we're underwater becau...
by Abciximab
Fri Jan 14, 2011 10:16 am
Forum: Investing - Help with Personal Investments
Topic: 401k to IRA to Solo 401k... Worth It?
Replies: 0
Views: 275

401k to IRA to Solo 401k... Worth It?

I have a Traditional IRA at Vanguard that was established after I left my last job for my present one. My new employer doesn't offer a 401k, so I thought I'd set up a Solo 401k with Fidelity to roll the assets over to. I have a side business, so the Solo 401k is an option. I would rather just leave ...
by Abciximab
Wed Dec 01, 2010 10:42 am
Forum: Personal Finance (Not Investing)
Topic: $4 prescription drugs - How do they do it??
Replies: 35
Views: 4583

A majority of generic medications cost the pharmacy very little. The medications on the $4 list are all still technically sold for more than the cost of the drugs, but when you factor in other costs (salaries, materials, etc.) a lot of the prescriptions are a loss for the pharmacy. This is why you s...
by Abciximab
Wed Oct 13, 2010 9:04 pm
Forum: Investing - Help with Personal Investments
Topic: 25 account limit - Vanguard
Replies: 33
Views: 6487

I had the same issue with being over the 25 fund limit. I tried live chat on the website, but was told I needed to call. So I spoke with a rep for less than five minutes, and it's all done. He did say it would be split into IRA1 and IRA2 on the website, but confirmed everything was still the same as...
by Abciximab
Sat Sep 04, 2010 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: 529 or retirement accounts
Replies: 25
Views: 3037

I'd have to agree that investing for retirement is the priority. Kids can always borrow money for college, but you can't borrow money to fund your retirement.
by Abciximab
Tue Aug 24, 2010 1:57 pm
Forum: Personal Consumer Issues
Topic: Best medical professions/jobs with a four year degree?
Replies: 74
Views: 7666

Re: was discussed already

serbeer wrote:http://www.bogleheads.org/forum/viewtopic.php?t=46106&mrr=1259644008


To become a physician assistant you need a bachelor degree AND a masters degree. So it's more like six years.
by Abciximab
Mon Aug 23, 2010 1:28 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe's " The Right Financial Plan"--A Gem
Replies: 54
Views: 15582

I disagree with the quoted advice: "Having a well-thought-out investment plan is a necessary condition for success, not a sufficient one" . I have never had any plan in my whole life and I did just fine. All it takes is one person's experience otherwise to prove the error of the statement...
by Abciximab
Thu Aug 05, 2010 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Am I Required to Repay Signing Bonus
Replies: 51
Views: 11805

Also, the electronic document they sent me as a pdf reads that "this document shall be governed and enforced according to the laws of the State of Illinois." I live and work in Arizona, so not sure if that matters, but we'll see. Thanks again.
by Abciximab
Thu Aug 05, 2010 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Am I Required to Repay Signing Bonus
Replies: 51
Views: 11805

Thanks everyone for the advice. I've never had to deal with any type of legal issue, so I have felt pretty lost. I have a copy of the original document I signed. It only includes my name, amount of bonus, market I will work in, and that it's a three year contract. The document that has all the legal...
by Abciximab
Wed Aug 04, 2010 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: Am I Required to Repay Signing Bonus
Replies: 51
Views: 11805

Am I Required to Repay Signing Bonus

I was terminated from my job just two months shy of fulfilling my three year contract I signed when I began. The physical paper contract that I signed only stated the amount of the bonus, that the length of the contract was three years, and the market I agreed to work in. I was contacted by the comp...
by Abciximab
Sun May 16, 2010 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Buy Real Estate or Pay Down Student Loans?
Replies: 10
Views: 1379

Thank you to everyone that responded. My wife and I discussed our options last night, and we were pretty sure it would be better to pay down our loans. Now, after reading all the comments here, we know that is the right course of action for us. We are very grateful to those of you who offered your t...
by Abciximab
Sat May 15, 2010 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Buy Real Estate or Pay Down Student Loans?
Replies: 10
Views: 1379

Buy Real Estate or Pay Down Student Loans?

I keep flip-flopping between paying down our higher interest student loan debt and purchasing an investment house. Our goal would be to rent the house for positive cash flow, but we could also afford to make the extra mortgage if the property was vacant. Here are our details: My wife and I both fini...
by Abciximab
Tue Apr 13, 2010 10:57 pm
Forum: Personal Consumer Issues
Topic: Whole House Water Treatment System
Replies: 19
Views: 5539

I also live in Arizona, and we have a Kinetico system. It's been great, but a little on the pricey side.
by Abciximab
Mon Dec 07, 2009 12:49 am
Forum: Investing - Theory, News & General
Topic: Roth: Too Good To Be True?
Replies: 44
Views: 6536

Judging by the federal deficits we may be facing in the future, it seems that taxation of Roth IRAs could be very possible. But then again, who knows? After all, most of us have 401(k)s that serve as a hedge of sorts: pay the tax up front with a Roth and pay the taxes later with a 401(k).
by Abciximab
Sun Jan 18, 2009 9:46 pm
Forum: Personal Consumer Issues
Topic: Temperature in Hell: 33 Degrees and Dropping
Replies: 12
Views: 3067

I still can't believe it! Growing up here in Phoenix and trying so hard to keep being a Cardinals fan over the years... I'm speechless. I was lucky enough to be at the game tonight, and I've never experienced anything like that before in my life. Very un-Boglehead like to spend that much on a ticket...
by Abciximab
Mon Oct 20, 2008 12:38 am
Forum: Personal Finance (Not Investing)
Topic: How to be a mini J.D. Rockefeller
Replies: 6
Views: 1988

It seems your implication is that Kiva is just another scan. I admit, the whole thing seemed a little shady to me at first. Just like giving to any charity organization, due diligence is required, but at some point you just have to have faith that your money is being used properly. You've obviously ...
by Abciximab
Sun Oct 19, 2008 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: How to be a mini J.D. Rockefeller
Replies: 6
Views: 1988

How to be a mini J.D. Rockefeller

My wife and I have recently decided we needed to start giving to charity, but we've had a somewhat difficult time finding one we really liked. After a lot of research we came across Kiva.org. This site gives you the opportunity to lend money to people in mostly third-world countries that invest that...
by Abciximab
Fri Jun 13, 2008 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: Still Invest While in Grad School?
Replies: 4
Views: 1033

Still Invest While in Grad School?

I'm headed back to school this fall to get my MBA. I'll be attending evening classes so I'll still be working full-time. I can't decide if I should take out student loans and continue to invest, or if I should put my investments on hold and pay for my tuition out-of-pocket. The set interest rate on ...
by Abciximab
Sat Apr 12, 2008 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: Down payment transaction from VG Prime?
Replies: 3
Views: 1205

I just went though this yesterday when we signed the title for our new house. The company would only accept wire transfers or cashier's check. I initiated the transfer from Vanguard on Tuesday morning, but the bank didn't clear the funds for use until Friday. So get funds moving sooner rather than l...
by Abciximab
Sat Mar 15, 2008 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: Should I pay off student loan now?
Replies: 9
Views: 2693

I'd have to echo what Ella wrote. I've always kept an eye on my credit report, but never paid to find out what my FICO score was. I finally had to check last week and found out it was in the 700's. I didn't think that was possible considering my student loan debt was over $100K. I guess it's more ab...
by Abciximab
Sat Mar 15, 2008 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: When to Lock Mortgage Interest Rate?
Replies: 11
Views: 2998

"Your loan officer"??? How many places did you shop? We're buying a new home, so the builder is giving us a lot of money toward closing costs to use their lender. Yes, I know that's the standard "mark up the base price to put it on sale" technique, but I shopped numerous other m...
by Abciximab
Sat Mar 15, 2008 4:19 am
Forum: Investing - Help with Personal Investments
Topic: When to Lock Mortgage Interest Rate?
Replies: 11
Views: 2998

Thanks for all the help, everybody. I've actually been told by the mortgage officer that the fed interest rate policy doesn't have as much of an impact as usual because there just aren't enough investors in the secondary bond market that actually want to purchase mortgage backed securities. This see...
by Abciximab
Thu Mar 13, 2008 10:16 am
Forum: Investing - Help with Personal Investments
Topic: When to Lock Mortgage Interest Rate?
Replies: 11
Views: 2998

When to Lock Mortgage Interest Rate?

My wife and I are buying a home and have between now and April 15th to pull the trigger on locking our mortgage interest rate. Today a 15-year mortgage is around 5.375%, but it seems to fluctuate by about a quarter percent each day. Each 0.5% rate change raises or lowers our monthly payment by $70. ...
by Abciximab
Thu Jan 17, 2008 2:25 am
Forum: Investing - Help with Personal Investments
Topic: Employee Stock Options Dilemma
Replies: 8
Views: 2063

Yes, the purchase price of the stock is not discounted. The options may be exercised after two years and expire in ten years. The 7% I mentioned is my current exposure to the stock. I considered investing the money in VTSMX in the meantime, but like you said, it may lose money between now and then. ...
by Abciximab
Wed Jan 16, 2008 1:08 am
Forum: Investing - Help with Personal Investments
Topic: Employee Stock Options Dilemma
Replies: 8
Views: 2063

Employee Stock Options Dilemma

Every four years, the company I work for gives me the option to purchase 10% of my salary in stock. As part of this program I get 2 or 3 options (depending on how well the company does) for each share I purchase. I already know I'm going to participate, but I'm not sure what would be the best way to...
by Abciximab
Mon Oct 22, 2007 10:58 pm
Forum: Investing - Help with Personal Investments
Topic: What to Do With a $10K Tip
Replies: 14
Views: 3012

What to Do With a $10K Tip

My friend's girlfriend was just given a $10,000 tip last night. She's a waitress and the guy left her a personal check made out to her. I've been asked for advice on what to do with the money. First, she's wondering if simply depositing the money at her bank will trigger any tax consequences. Second...
by Abciximab
Sun Aug 26, 2007 2:57 am
Forum: Personal Finance (Not Investing)
Topic: What Kind of Car Do You Drive and Why?
Replies: 100
Views: 32201

My new job is about 20 miles away, so I just bought my younger sister's 2001 Saturn SC1 (it just wasn't good enough for her). It's very simple (4 cyl, power nothing), gets great gas mileage, has cold AC, and runs great. It feels really good to be back in a lower-end car.
by Abciximab
Sun Jul 29, 2007 1:29 pm
Forum: Investing - Help with Personal Investments
Topic: My dad is selling all stocks and going 100% cash - HELP!
Replies: 29
Views: 8381

Bob, That core and explore idea is a great one. I remember reading something about that a while back. That'd be perfect for him because if everything is set up with a rigid allocation, he won't feel like he has any control. I think he'll like this idea. WiseNLucky, Don't forget, 50 is the new 30.
by Abciximab
Sun Jul 29, 2007 12:57 am
Forum: Investing - Help with Personal Investments
Topic: My dad is selling all stocks and going 100% cash - HELP!
Replies: 29
Views: 8381

Thanks again to everyone for the help. I've convinced my dad to transfer his 401(k) to Vanguard next week. He's still moving into all cash for now, but speaking to an advisor at Vanguard will hopefully be a big help.
by Abciximab
Sat Jul 28, 2007 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: My dad is selling all stocks and going 100% cash - HELP!
Replies: 29
Views: 8381

Thanks, everyone. Those are all very good suggestions. I'm just worried because I don't think my parents have enough when they retire. If there's a shortfall, it'll be my responsibility to help out. I've been trying to convince him to move his old 401(k) money to Vanguard so they can lay out a plan....
by Abciximab
Sat Jul 28, 2007 6:05 pm
Forum: Investing - Help with Personal Investments
Topic: My dad is selling all stocks and going 100% cash - HELP!
Replies: 29
Views: 8381

Thanks, Ken. Those are both very good ideas. Another problem is that my dad's heading out of town and wants to pull the trigger by Monday. I think I'll give him my Bogleheads book to read on the plane.
by Abciximab
Sat Jul 28, 2007 5:43 pm
Forum: Investing - Help with Personal Investments
Topic: My dad is selling all stocks and going 100% cash - HELP!
Replies: 29
Views: 8381

My dad is selling all stocks and going 100% cash - HELP!

A few weeks back, I learned that my 50-year-old father was 100% equity in his 401(k). I tried to convince him that he needed to hold bonds to reduce his risk since he's somewhat close to retirement. He scoffed at the very idea of holding bonds since he "doesn't want to miss out on growth."...
by Abciximab
Sun Jul 08, 2007 12:10 am
Forum: Investing - Help with Personal Investments
Topic: Which online broker should I use?
Replies: 46
Views: 14517

The STAR Fund is a "fund of funds". That means that it's made up of other mutual funds. Go to the Vanguard website and check it out. It's a balanced fund that has large-cap, small-cap, international, and bond holdings. It will pretty much go as the stock market goes. I think livesoft's pos...
by Abciximab
Sat Jul 07, 2007 11:02 pm
Forum: Investing - Help with Personal Investments
Topic: Which online broker should I use?
Replies: 46
Views: 14517

If your time period is about 5 years from now, you really shouldn't be in the stock market. If you want the money that soon it should be in savings or CDs. Why not take some money to invest (realizing you might have less 5 years from now), and put the rest in savings? If you have a job, have you tho...
by Abciximab
Sat Jul 07, 2007 10:56 pm
Forum: Investing - Help with Personal Investments
Topic: Which online broker should I use?
Replies: 46
Views: 14517

I started an account at Vanguard at 17 by sheer luck. I wanted to go into the medical field and invested in Vanguard's Health Care Fund for only that reason. Since then I've purchased individual stocks, funds at Oakmark and Dodge & Cox, and had savings/CDs at ING Direct. Sure, I've stumbled a li...
by Abciximab
Wed Jul 04, 2007 3:13 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Contribution or not?
Replies: 7
Views: 2587

I was in a similar situation during grad school. I worked during school, but I still had to take out about $100K to cover tution. I maxed out my Roth IRA every year, and I'm glad I did it. I knew I'd be over the Roth contribution limits once I got out of school, so I had to take advantage of the Rot...
by Abciximab
Sun Apr 29, 2007 11:25 pm
Forum: Investing - Theory, News & General
Topic: Where Do Bonds Belong?
Replies: 82
Views: 32216

Thank you everyone. I appreciate the logic behind putting bonds in the 401(k) rather than the roth. I really should've though of that, but I guess that's why we're here. Luckily, I do have a low-cost bond fund available in my 401(k). That's what I'll do. Thanks again.
by Abciximab
Sun Apr 29, 2007 7:40 pm
Forum: Investing - Theory, News & General
Topic: Where Do Bonds Belong?
Replies: 82
Views: 32216

Where Do Bonds Belong?

I know that bonds should generally be held in tax-advantaged accounts, but does it matter which one? I have a Roth IRA and a 401(k) but don’t know where my bonds should go. In my 401(k) I have access to a bond fund from State Street that has an ER of 0.18%. I can’t find out what the duration of the ...