Search found 93 matches

by Old_Dollar
Fri Mar 20, 2020 10:41 am
Forum: Personal Consumer Issues
Topic: Coronavirus (Consumer Issues) How you are preparing?
Replies: 1590
Views: 130328

Re: Coronavirus (Consumer Issues) How you are preparing?

Purchased some non-perishable food. Not a crazy amount, I see a lot of shelf stocking going on at the grocery stores and lots of pallets of filled boxes ready to be stocked.
by Old_Dollar
Fri Mar 20, 2020 7:56 am
Forum: Investing - Theory, News & General
Topic: Young investors, how do you feel about your 1st market crash?
Replies: 132
Views: 8997

Re: Young investors, how do you feel about your 1st market crash?

This was a great test of my risk tolerance and even I am surprised how well I'm going. Everywhere I see the technology developed since the crash of 2008 being utilized to help people. 1. People working from home. Sure this was possible before, but now it is likely even easier thanks to Apple and Mic...
by Old_Dollar
Mon Mar 16, 2020 5:33 am
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 3985
Views: 302842

Re: Coronavirus and the market

For those old enough to remember what was Y2K and the market like? That coincided with the dot com bubble, but does anyone see any similarities outside of the dot com bubble? The panic buying at stores reminds me of Y2K.
by Old_Dollar
Sun Mar 15, 2020 5:30 pm
Forum: Investing - Theory, News & General
Topic: Preparation for ZIRP/NIRP (zero/negative interest rate policy)
Replies: 101
Views: 7465

Re: Preparation for ZIRP/NIRP (zero/negative interest rate policy)

Does it make any sense to utilize a money market mutual fund with ZIRP? Wouldn't the expense ratio just eat away at the principle?
by Old_Dollar
Thu Mar 12, 2020 5:22 am
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting - Questions and Potential Problems
Replies: 3
Views: 271

Tax Loss Harvesting - Questions and Potential Problems

Tax loss harvesting is one of the "making lemonade out of lemons" possibility during pullbacks like this. I am concerned volatility may make it a bad move to sell a mutual fund to reinvest the principle in a another fund that tracks a different index, albeit the same asset class. I also want to clar...
by Old_Dollar
Wed Feb 26, 2020 6:25 am
Forum: Investing - Theory, News & General
Topic: The Calm Post - Stay the course thread.
Replies: 509
Views: 45054

Re: The Calm Post - Stay the course thread.

I'm actually kind of excited. My biweekly 401k contribution occurs this Friday. I'll be calmly excited 8-)
by Old_Dollar
Sun Jan 19, 2020 5:39 am
Forum: Investing - Theory, News & General
Topic: Does an updated iPad satisfy Vanguard’s security requirements?
Replies: 16
Views: 2592

Re: Does an updated iPad satisfy Vanguard’s security requirements?

These security requirements are certainly concerning. Especially since Vanguard doesn't provide stronger methods of account security. There is no reason not to provide the option of a multi-factor authentication app like Google Authenticator, Authy, or Symantec VIP; especially given the vulnerabilit...
by Old_Dollar
Sat Jan 04, 2020 7:43 pm
Forum: Personal Investments
Topic: Can someone in layman’s terms tell my why I should have a HSA?
Replies: 25
Views: 3023

Re: Can someone in layman’s terms tell my why I should have a HSA?

Why do I use the HSA? 1. It expands the pool of tax advantaged account types - Pre-Tax, Roth, and Taxable are the three main ones. HSAs are unique in that they can be completely tax free under the correct circumstances (contributions are tax deductible, growth is tax free, distributions for qualifie...
by Old_Dollar
Sat Jan 04, 2020 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: How do you spend $$ on yourself?
Replies: 108
Views: 12341

Re: How do you spend $$ on yourself?

Hi all- I am 31 and feel I have the saving/ investing part down. However, I feel I am not spending enough on myself. How do you budget spending on yourself? Sometimes I’m afraid of having too much of a good time because I don’t want to make it a habit lol. Let me know how you budget for vacations/ ...
by Old_Dollar
Wed Jan 01, 2020 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: Parents vs. Kids Paying for College
Replies: 171
Views: 6945

Re: Parents vs. Kids Paying for College

I was wrong on what an independent student was, another user pointed it out to me. Yes higher loan limits may help, but the primary question is about the morality of parents paying for University education. So a young adult in this situation may have to get their basic credit done at a Community Co...
by Old_Dollar
Wed Jan 01, 2020 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Parents vs. Kids Paying for College
Replies: 171
Views: 6945

Re: Parents vs. Kids Paying for College

I hear this often here. Besides Stafford, what loans do you think students can take WITHOUT A COSIGNER? I was talking about Stafford. The limit for the Stafford is really low though. $3500 Freshman year $4500 Second year $5500 Third year and beyond With no savings or help from parents a kid can't f...
by Old_Dollar
Wed Jan 01, 2020 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Parents vs. Kids Paying for College
Replies: 171
Views: 6945

Re: Parents vs. Kids Paying for College

I hear this often here. Besides Stafford, what loans do you think students can take WITHOUT A COSIGNER? I was talking about Stafford. The limit for the Stafford is really low though. $3500 Freshman year $4500 Second year $5500 Third year and beyond With no savings or help from parents a kid can't f...
by Old_Dollar
Wed Jan 01, 2020 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Parents vs. Kids Paying for College
Replies: 171
Views: 6945

Re: Parents vs. Kids Paying for College

Anyone can get a loan for University. I hear this often here. Besides Stafford, what loans do you think students can take WITHOUT A COSIGNER? I was talking about Stafford. The limit for the Stafford is really low though. $3500 Freshman year $4500 Second year $5500 Third year and beyond With no savi...
by Old_Dollar
Wed Jan 01, 2020 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Parents vs. Kids Paying for College
Replies: 171
Views: 6945

Re: Parents vs. Kids Paying for College

Jack FFR1846 wrote:
Wed Jan 01, 2020 8:05 am
Old_Dollar wrote:
Wed Jan 01, 2020 5:15 am
Anyone can get a loan for University.
I hear this often here. Besides Stafford, what loans do you think students can take WITHOUT A COSIGNER?
I was talking about Stafford.
by Old_Dollar
Wed Jan 01, 2020 5:15 am
Forum: Personal Finance (Not Investing)
Topic: Parents vs. Kids Paying for College
Replies: 171
Views: 6945

Re: Parents vs. Kids Paying for College

Morally take care of the finances for you and your wife first. Anyone can get a loan for University. You cannot get a loan for retirement. Funding any account by definition will move money away from another purpose. One of the best gift a parent can give a child is the ability to be financially inde...
by Old_Dollar
Wed Jan 01, 2020 4:48 am
Forum: Personal Finance (Not Investing)
Topic: What Are Your 2020 Goals?
Replies: 56
Views: 12137

Re: What Are Your 2020 Goals?

1. Max Roth IRA - Complete as of end of January :beer 2. Max HSA 8-) 3. Decent amount in 401k. Haven't decent yet, probably can't max it. My overall goal is to try and get back to being a more content person. Not letting news get to me, especially during this election year. Try to focus on my health...
by Old_Dollar
Tue Dec 31, 2019 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: To what do you owe your ability to forego spending now and save for your future?
Replies: 116
Views: 5149

Re: To what do you owe your ability to forego spending now and save for your future?

1. 2008 market crisis - I graduated from University right as it happened and had difficultly landing even the lowest paying job with a honors B.S. degree in a STEM field. As a result I lived through such a brutally tight financially constricted early adulthood. I sacrificed nearly everything to stay...
by Old_Dollar
Thu Dec 05, 2019 7:42 am
Forum: Personal Investments
Topic: "The Wealthy Renter" by Alex Avery.
Replies: 191
Views: 21283

Re: "The Wealthy Renter" by Alex Avery.

Several factors keep me from buying a residence. Even a small condo. 1. I'm single - If I were married and we had dual incomes then owning would seem like a smart move. 2. Job insecurity - I graduated from University in 2008, so I'm not going to pretend my current job will around indefinitely. This ...
by Old_Dollar
Fri Jul 05, 2019 5:04 am
Forum: Personal Finance (Not Investing)
Topic: 30 y/o financial check up. How am I doing? Can I buy a model 3 performance?
Replies: 57
Views: 4408

Re: 30 y/o financial check up. How am I doing? Can I buy a model 3 performance?

Cars. One of the biggest money losers out there. An item that loses significant value the second it is driven off the lot. Great work on having $170k invested at your age! Way to go. Ask yourself this question. "Would I take $60k of the $170k I have and spend it on a Tesla?" I'm not that much older ...
by Old_Dollar
Thu Jul 04, 2019 8:01 pm
Forum: Personal Investments
Topic: Portfolio Check Up, 33yo
Replies: 9
Views: 1249

Re: Portfolio Check Up, 33yo

Hi everyone, appreciate the wealth of knowledge here and thought I'd finally post. My financial situation is pretty straight forward at least right now, but I'd appreciate any comments! Emergency funds: ~1 yr of expenses Debt: None Tax Filing Status: Single Tax Rate: 22% Federal, 6.27% State State ...
by Old_Dollar
Mon Jul 01, 2019 6:30 pm
Forum: Personal Investments
Topic: HSA and small medical bills
Replies: 17
Views: 954

Re: HSA and small medical bills

My wife is convinced that they'll change the laws, so I just pay medical expenses with our HSA card like a chump. Nothing wrong with using the HSA as a pass through account to reap the tax benefits. She may have a point. Health care is a politically divisive issue that is talked about nearly every ...
by Old_Dollar
Sun Jun 30, 2019 3:03 pm
Forum: Personal Investments
Topic: Any other options to reduce AGI / taxable income?
Replies: 30
Views: 1755

Re: Any other options to reduce AGI / taxable income?

Limited Purpose FSA is another vehicle, it has a $2700 annual limit. To my knowledge (please Bogleheads correct me if I'm wrong) regular FSAs can't be used with HSAs in the same year. But a limited purpose FSA can be used alongside a HSA in the same year. Limited purpose FSA to my knowledge is only ...
by Old_Dollar
Sun Jun 30, 2019 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Bank closing inactive credit card.
Replies: 15
Views: 1732

Re: Bank closing inactive credit card.

As expected Bogleheads is a great financial resource. Thanks everyone for the feedback.
by Old_Dollar
Sat Jun 29, 2019 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Bank closing inactive credit card.
Replies: 15
Views: 1732

Bank closing inactive credit card.

I received an email from a large bank where I have a credit card. It is scheduled to be closed due to inactivity unless I use it soon. It is a younger card with a lower credit limit compared to my other credit cards. My credit utilization is always very low and is paid off every month. Like many I h...
by Old_Dollar
Wed Jun 26, 2019 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: friend claiming 17% returns on Life Insurance
Replies: 30
Views: 3924

Re: friend claiming 17% returns on Life Insurance

If it sounds too good to be true applies here.
by Old_Dollar
Wed Jun 19, 2019 3:48 pm
Forum: Personal Consumer Issues
Topic: Best way to teach my 4 year old to be fluent in Spanish?
Replies: 53
Views: 3899

Re: Best way to teach my 4 year old to be fluent in Spanish?

Learn Spanish and start speaking it around the home. Children have the minds of sponges, they remember everything. Learn the basics and communicate with it around the house. Simple conversations are incredibly easy to learn, especially the type a 4 year old would have with any parent in any language...
by Old_Dollar
Sat Jun 15, 2019 6:11 am
Forum: Personal Investments
Topic: [ETF vs. Mutual Fund and additional questions]
Replies: 65
Views: 3021

Re: which is better ETF or MF ???

Mutual funds are superior in my opinion for the boglehead approach. ETFs provide a greater ability to time the market. The "pull" to try to time the market is something I've certainly felt. I like mutual funds simply because the vehicles helps put another barrier in between me and the scourge of mar...
by Old_Dollar
Fri Jun 14, 2019 4:29 am
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 382
Views: 48837

Re: How Bad was 2008, really?

I graduated with honors with a STEM degree in 2008. I interviewed at a lab and asked for a salary of $50k based information regarding starting salaries in my field in that geographic area. I was told that was possible before but not now and he said the best was $20k. Ultimately I finally landed a jo...
by Old_Dollar
Mon Jun 10, 2019 8:56 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 1477
Views: 170404

Re: What frugal thing did you do today?

I wanted to go out for dinner. Made dinner at home instead.
by Old_Dollar
Mon Jun 10, 2019 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for rent is throwing away money...myth?
Replies: 302
Views: 21844

Re: Paying for rent is throwing away money...myth?

As a renter I certainly enjoyed the ability to pick up and move if a new job opportunity presented itself or when I decided to attended graduate school. Broken dishwasher? New roof? I see the clear mathematical benefit of home ownership, but a house can be a financial curse if one isn't ready for ho...
by Old_Dollar
Mon Jun 03, 2019 4:52 am
Forum: Personal Investments
Topic: Can't do this alone-need a financial planner-please help!
Replies: 50
Views: 11417

Re: Can't do this alone-need a financial planner-please help!

Nothing wrong with seeking out someone need help. Most importantly seek out someone who will help teach you. Someone who will teach you Why certain investment choices and vehicles are better or worse than others. Not just someone who merely tells you What you should do. Understanding the difference ...
by Old_Dollar
Sun Jun 02, 2019 10:23 am
Forum: Personal Investments
Topic: Are there any compounding interest differences between contributing to two 401k accounts rather than one?
Replies: 7
Views: 757

Re: Are there any compounding interest differences between contributing to two 401k accounts rather than one?

Mathematically there should be no difference in compounding between two accounts have identical account fees with identical funds with identical expense ratios with identical tax treatment if identical contribution amounts are invested on the same day.
by Old_Dollar
Sun Jun 02, 2019 9:35 am
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 501
Views: 60598

Re: What is/ was your career and would you recommend it now?

STEM field. Graduated in 2008. It has been a terrible, horrible grind and I am no where near where my salary should be based on my experience, educational attainment, and connections. When asked by people who are younger what to do I try my hardest to push them away from the physical and life scien...
by Old_Dollar
Sun Jun 02, 2019 8:37 am
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 501
Views: 60598

Re: What is/ was your career and would you recommend it now?

STEM field. Graduated in 2008. It has been a terrible, horrible grind and I am no where near where my salary should be based on my experience, educational attainment, and connections. When asked by people who are younger what to do I try my hardest to push them away from the physical and life scien...
by Old_Dollar
Sat Jun 01, 2019 8:09 am
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 501
Views: 60598

Re: What is/ was your career and would you recommend it now?

STEM field. Graduated in 2008. It has been a terrible, horrible grind and I am no where near where my salary should be based on my experience, educational attainment, and connections. When asked by people who are younger what to do I try my hardest to push them away from the physical and life scienc...
by Old_Dollar
Sat Jun 01, 2019 7:58 am
Forum: Personal Investments
Topic: Is an emergency just mental accounting?
Replies: 70
Views: 6127

Re: Is an emergency just mental accounting?

After reading the responses it looks like my premise may have been flawed. Asset Allocation ≠ Personal Finance. Personal finance tends to dictate having an emergency fund while an asset allocation falls under the investing category of personal finance. As usual I learn a lot from you Bogleheads and ...
by Old_Dollar
Mon May 20, 2019 6:52 pm
Forum: Personal Investments
Topic: Is an emergency just mental accounting?
Replies: 70
Views: 6127

Is an emergency just mental accounting?

The following is the definition of mental accounting from the Bogleheads wiki: Mental accounting The tendency for people to put their money into separate accounts based on a variety of subjective criteria, like the source of the money and intent for each account. According to the theory, individuals...
by Old_Dollar
Mon May 20, 2019 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 223
Views: 16262

Re: FIRE - What am I missing in the News Stories

Tossing hate on a subset of the population that has saved over 30% of their income constantly in their 20s and 30s ... Meaningless achievement. It is a lot better to save 5% on a 1M compensation than 50% on a 80k one. One will also have a more pleasurable time doing the former rather than the latte...
by Old_Dollar
Mon May 20, 2019 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 223
Views: 16262

Re: FIRE - What am I missing in the News Stories

Why hate on these people? For goodness sakes, they saved $1M or whatever. I can call out 99% of my friends who haven't done that and they are 50 years old. If I were single, I could live on $40K/year pretty easily. These FIRE folks, they don't covet the latest BMWs, post "should I buy this $1M hous...
by Old_Dollar
Mon May 20, 2019 5:03 am
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 223
Views: 16262

Re: FIRE - What am I missing in the News Stories

Man, I am baffled why people get so worked up about this. It's pretty simple, a lot of people, especially millenials, would rather pursue having a paid off house with 600k in the bank and part-time job at a coffee shop by 35, instead of working at MegaCorp until age 65. This is totally attainable b...
by Old_Dollar
Mon May 20, 2019 4:23 am
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 223
Views: 16262

Re: FIRE - What am I missing in the News Stories

Higher income people basically living frugally. The FIRE crowd certainly does not only use only pre-tax account. They are very boglehead-ish when it comes to doing the math to determine optimal investment contribution. Discussions on the advantages and disadvantages of Roth, pre-tax, HSA, brokerage ...
by Old_Dollar
Tue May 07, 2019 11:28 am
Forum: Personal Consumer Issues
Topic: Which US city would you move to?
Replies: 74
Views: 8186

Re: Which US city would you move to?

The city where I can have employment that pays well. That is the singular and sole determining factor.
by Old_Dollar
Tue May 07, 2019 6:22 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 5546
Views: 1359205

Re: What Movie Have You Recently Watched?

peterinjapan wrote:
Fri Apr 26, 2019 2:03 pm
Ketawa wrote:
Fri Apr 26, 2019 12:38 pm
Avengers: Endgame. Perhaps the greatest moviegoing experience of my life.
Yes! I thought it'd be amazing, but it was 10x more!
Same thoughts here. Both Endgame and Infinity War are amazing in their ability to tie in as many characters as it does.
by Old_Dollar
Sun Mar 17, 2019 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Housing should be no more than 28% of your income.
Replies: 66
Views: 6939

Re: Housing should be no more than 28% of your income.

Rising housing prices and rents coupled with stagnant wages have made 28% the low end among most of my coworkers age 26 to 35. It is a chore just to find an apartment with a rent that is 30% of my income.
by Old_Dollar
Fri Mar 15, 2019 6:34 am
Forum: Investing - Theory, News & General
Topic: "Active fund managers trail the S&P 500 for the ninth year in a row in triumph for indexing"
Replies: 26
Views: 2570

"Active fund managers trail the S&P 500 for the ninth year in a row in triumph for indexing"

Active managers who claim that they would do better during periods of heightened volatility are going to have to find another argument. For the ninth consecutive year, the majority (64.49 percent) of large-cap funds lagged the S&P 500 last year. After 10 years, 85 percent of large cap funds underpe...
by Old_Dollar
Sat Feb 23, 2019 7:26 pm
Forum: Investing - Theory, News & General
Topic: "You're More Internationally Diversified Than You (Probably) Realize"
Replies: 139
Views: 11348

Re: "You're More Internationally Diversified Than You (Probably) Realize"

Bogleheads: Morningstar is featuring an article titled: You're More Internationally Diversified Than You (Probably) Realize You're More International Diversified Than You (Probably) Realize This sentence caught my eye: Shareholders of major U.S. stock market index funds have about 40% foreign expos...
by Old_Dollar
Tue Feb 12, 2019 5:32 pm
Forum: Investing - Theory, News & General
Topic: What Is Your Favorite Bogle Quote?
Replies: 48
Views: 3230

Re: What Is Your Favorite Bogle Quote?

sksbog wrote:
Mon Feb 11, 2019 9:44 pm
“Don’t look for the needle in the haystack. Just buy the haystack.” John Bogle
:sharebeer
by Old_Dollar
Mon Feb 11, 2019 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 441
Views: 36831

Re: Smaller tax refunds this year? Clear explanation please

The lack of distinction between tax burden and tax refund is rather funny. If tax burdens go down then tax refunds will likely go down since withholdings will be less.
by Old_Dollar
Wed Feb 06, 2019 9:06 pm
Forum: Personal Investments
Topic: quick double check that 85% of my SS will be subject to tax
Replies: 88
Views: 7176

Re: quick double check that my SS will be taxed at 85%

It is complicated but SS tax at "up to" 50% or "up to" 85%. I graduated from the 50% to the 85% and paid tax on 59.52% of my SS. There is nowhere to hide when it comes to additional SS tax as even tax free income is add in to compute SS tax. Does this mean even money from Roth accounts is added to ...