Search found 75 matches

by Old_Dollar
Thu Dec 05, 2019 7:42 am
Forum: Personal Investments
Topic: "The Wealthy Renter" by Alex Avery.
Replies: 150
Views: 14023

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: 4265

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: 1206

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: 904

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: 1690

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: 1692

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: 1692

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: 3867

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: 3774

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: 2439

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: 355
Views: 44416

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: 1121
Views: 126008

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: 21037

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: 10964

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: 743

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: 484
Views: 55938

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: 484
Views: 55938

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: 484
Views: 55938

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: 6022

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: 6022

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: 15792

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: 15792

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: 15792

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: 15792

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: 8030

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: 4873
Views: 1262252

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: 6442

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: 2452

"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: 10939

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: 3070

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: 35333

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: 6983

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 ...
by Old_Dollar
Tue Jan 29, 2019 7:19 pm
Forum: Investing - Theory, News & General
Topic: Opportunity Cost of [Holding] an Emergency Fund [in Cash/Bonds]
Replies: 60
Views: 4327

Re: Opportunity Cost of an Emergency Fund

Mental accounting is talked down as a negative behavioral bias. According to 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 t...
by Old_Dollar
Tue Jan 29, 2019 8:25 am
Forum: Investing - Theory, News & General
Topic: An emergency fund cautionary tale
Replies: 89
Views: 11384

Re: An emergency fund cautionary tale

An emergency fund is priority number one in your financial plan. I completely agree with the spirit of your post, but I would make one change here. It's not that an emergency fund is your number one priority but rather liquidity . This liquidity need not come from a 'designated fund for emergency p...
by Old_Dollar
Tue Jan 29, 2019 7:14 am
Forum: Investing - Theory, News & General
Topic: Expected Growth Next Decade?
Replies: 48
Views: 4054

Re: Expected Growth Next Decade?

Experts predict slower growth. Other experts change the game by innovating and creating new ideas that cause massive growth. I expect the unexpected. There will be new innovations over the next decade, new tech, advances in biotech. Which companies specifically? I don't know, which is why I accumula...
by Old_Dollar
Tue Jan 29, 2019 6:48 am
Forum: Investing - Theory, News & General
Topic: An emergency fund cautionary tale
Replies: 89
Views: 11384

Re: An emergency fund cautionary tale

An emergency fund is priority number one in your financial plan. I completely agree with the spirit of your post, but I would make one change here. It's not that an emergency fund is your number one priority but rather liquidity . This liquidity need not come from a 'designated fund for emergency p...
by Old_Dollar
Mon Jan 28, 2019 6:53 am
Forum: Personal Investments
Topic: Reduce Tax exposure when RMD's kick in
Replies: 22
Views: 2547

Re: Reduce Tax exposure when RMD's kick in

I'm 60 married (wife 55 doesn't work) and have only invested in my pre-tax 401k, of which I've transferred 90% to my IRA. I'm still maxing my 401k contributions. I have $2m in the IRA and went to a financial advisor and found out my RMD tax exposure is $1.2m if I live to 90. I want to find the best...
by Old_Dollar
Sun Jan 27, 2019 9:28 pm
Forum: Personal Investments
Topic: Investment experts predict that US equity will return -4.1% to 2.6% over the next decade. Time to get out of US equity?
Replies: 75
Views: 8600

Re: Investment experts predict that US equity will return -4.1% to 2.6% over the next decade. Time to get out of US equi

Maybe the next decade will be -4.1% to 2.6%, maybe not. How we get that -4.1% to 2.6% probably matters much more than the actual number we can talk about in January 2029. Will there be a 20% decline into the early 2020s followed by a few strong years in the mid 2020s? Will the market trend sideways ...
by Old_Dollar
Sun Jan 20, 2019 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: Bonus check: Towards down payment, debt, or emergency fund?
Replies: 19
Views: 1531

Re: Bonus check: Towards down payment, debt, or emergency fund?

I am familiar with Dave Ramsey quite well. He advocates to just have 1K in EF and attack debt, but it seems people on this forum have different thoughts. I get the sense that people here believe in having a higher EF before attacking all debt. Do people not agree with Dave on this? I think Dave is ...
by Old_Dollar
Sat Jan 19, 2019 2:32 pm
Forum: Investing - Theory, News & General
Topic: Tell me your HSA strategy/advice
Replies: 55
Views: 7137

Re: Tell me your HSA strategy/advice

I plan to use mine for my long term care expenses. Life expectancy for men in my family is roughly 80 to 90. This would give me an additional 10 to 20 years of tax-advantaged growth.
by Old_Dollar
Thu Jan 17, 2019 10:57 am
Forum: Investing - Theory, News & General
Topic: Tributes to Jack Bogle
Replies: 158
Views: 17817

Re: Favorite quotes from Jack Bogle...an amazing man

Don’t look for the needle, buy the haystack!

Major aha moment for me.
by Old_Dollar
Wed Jan 16, 2019 6:06 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 57914

Re: John Bogle is dead at 89

Jack Bogle transformed the investment industry for the better. Rest In Peace.
by Old_Dollar
Wed Jan 16, 2019 6:24 am
Forum: Personal Investments
Topic: When to use Roth 401k
Replies: 22
Views: 1823

Re: When to use Roth 401k

mark1623 wrote:
Tue Jan 15, 2019 8:19 pm
Old_Dollar wrote:
Tue Jan 15, 2019 8:18 pm
Do you have any plan to work HSAs into your early retirement plan?
Good question, but it's not an option for either of us through our jobs. Is that something that's worth seeking out on the open market?
I don’t know. I only have one as a result of my workplace health insurance.
by Old_Dollar
Tue Jan 15, 2019 8:18 pm
Forum: Personal Investments
Topic: When to use Roth 401k
Replies: 22
Views: 1823

Re: When to use Roth 401k

Do you have any plan to work HSAs into your early retirement plan?
by Old_Dollar
Sun Jan 13, 2019 8:05 pm
Forum: Investing - Theory, News & General
Topic: How to avoid temptation to buy hot stocks or bitcoin?
Replies: 63
Views: 4784

Re: How to avoid temptation to buy hot stocks or bitcoin?

If it's a specific stock then odds are I already have that needle in my index haystack. No need for me to go out and search for it. I just buy more haystack!
by Old_Dollar
Sat Jan 12, 2019 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Career counseling
Replies: 5
Views: 600

Re: Career counseling

I guess that depends on what your background is and what you are looking for. Most colleges have a career center for students and alumni. If you registered for a single class at any college you could use their career center. The cheapest form of career counseling would probably be to buy a copy of ...
by Old_Dollar
Sat Jan 12, 2019 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: Career counseling
Replies: 5
Views: 600

Career counseling

Does anyone know of good ways to get career counseling? I'm in a weird situation where my chosen career path was a bust and I'm incredibly ambivalent about my current job (not a career). I use to talk to family, but my parents are both traditional professionals who grew up in a time where things wer...
by Old_Dollar
Sat Jan 12, 2019 1:52 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12413
Views: 2143238

Re: U.S. stocks in free fall

If federal workers aren't getting paid it means they aren't contributing to their TSP, HSA, or IRA accounts with money from their job. Could the market have a substantial "bounce" when federal employees receive their back pay and it gets deposited in their TSPs, HSAs, etc?
by Old_Dollar
Sat Jan 12, 2019 11:21 am
Forum: Personal Investments
Topic: Biggest Investment Mistake
Replies: 219
Views: 20278

Re: Biggest Investment Mistake

Fund switching to "chase" returns. Luckily I was very early on in the accumulation phase with very little in the retirement account. It's hard to see how chasing returns can have a negative impact. It's what I hear on these forums... "Don't just do something! Stand there!"
by Old_Dollar
Fri Jan 11, 2019 7:53 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1052
Views: 145677

Re: Post your Financial Milestone Announcements Here

Roth 2019 is already 50% funded. I should be able to complete it by March!