Search found 2589 matches

by epilnk
Mon Jan 14, 2019 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: too much college savings
Replies: 40
Views: 3532

Re: too much college savings

I'm counting 2 (or 3?) 529s per student. If you are sure you will have leftover, then when you start paying the college costs, you should withdraw from whichever account has the higher % of earnings first. E.g. if one balance is 50% profit and the other is 30% profit, then withdraw from the first o...
by epilnk
Mon Jan 14, 2019 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: too much college savings
Replies: 40
Views: 3532

Re: too much college savings

I wouldn't worry about this until all your kids are done with school. What if younger siblings want to go to medical school? Or their college takes more than 4 years? Then I doubt there will ever be enough in the 529. (I believe you can also use the money now for K-12 education.) The way your post ...
by epilnk
Mon Jan 14, 2019 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: too much college savings
Replies: 40
Views: 3532

Re: too much college savings

Incidentally, your predicament is why we decided to fund part of our children's education with a 529 and part with taxable money. My logic was that a dollar saved in a 529 when my son was an infant had 20 years to grow tax free and would almost certainly be spent. As I kept adding to the 529, the y...
by epilnk
Mon Jan 14, 2019 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: too much college savings
Replies: 40
Views: 3532

Re: too much college savings

Don’t forget he needs a new laptop every single year so he can give you the old one :) What is the earliest I can buy him a new laptop using 529 funds? He's a high school senior with an aging laptop and he'd love a new one, but during high school the only expense that qualifies is tuition (I think)...
by epilnk
Mon Jan 14, 2019 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: too much college savings
Replies: 40
Views: 3532

Re: too much college savings

Spouse or you can benefit from future education expenses. You can also save account for grandchildren. Spouse and I already have PhDs. And sadly, my odds of grandchildren are not high. One son's disability is genetic dominant and he is determined to not pass it on, the other suspects he will remain...
by epilnk
Mon Jan 14, 2019 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: too much college savings
Replies: 40
Views: 3532

Re: too much college savings

And he's got some tricky medical needs that we are nervous about him managing on his own. if he has medical needs does he meet the definition for an ABLE account? If so, you might be able to transfer funds from 529 to ABLE. This article says how: https://www.able-now.com/resources/news/how-to-trans...
by epilnk
Sun Jan 13, 2019 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: too much college savings
Replies: 40
Views: 3532

too much college savings

Our original plan was to save enough in 529s to provide a free ride to a state university (with some left over for postgrad) or most of a private university. Everything inherited when my second parent died went in there, so most of the principal has been growing since infancy, plus added bonuses. We...
by epilnk
Wed Oct 24, 2018 12:28 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10117
Views: 1784810

Re: U.S. stocks in freefall

WhiteMaxima wrote:
Tue Oct 23, 2018 11:55 am
Rebalance, DCA.
No need. My portfolio rebalanced itself today, and saved me the trouble. Sweet.
by epilnk
Thu Oct 11, 2018 6:49 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds. More bonds.
Replies: 2
Views: 845

Bonds. More bonds.

Hi all, We have a sudden need for a lot more bonds in taxable. We already have a large chunk of our portfolio in state munis - as much I am comfortable holding at the moment, so I prefer not to increase. So I'm looking to add new bond funds for the first time in more than a decade, and I see that VG...
by epilnk
Wed Sep 19, 2018 11:50 pm
Forum: Personal Finance (Not Investing)
Topic: Home away from home
Replies: 20
Views: 2280

Re: Home away from home

I have never been in that situation but if he does a things like yard work and repairs around the house then you might start doing those when he is out of town or use a lawn service and a handyman so that he does not have a weeks worth of chores waiting for him when he returns. Eating when you are ...
by epilnk
Wed Sep 19, 2018 11:44 pm
Forum: Personal Finance (Not Investing)
Topic: Home away from home
Replies: 20
Views: 2280

Re: Home away from home

I'm thinking maybe get an apartment if the company would fork out for that? 1/4 of his life is a lot of time to spend in a hotel. We are definitely thinking about whether we could manage that in the long run, once he's settled into the position and knows the city a bit better. We'd have to see what...
by epilnk
Wed Sep 19, 2018 11:38 pm
Forum: Personal Finance (Not Investing)
Topic: Home away from home
Replies: 20
Views: 2280

Re: Home away from home

Yes, have him find a place where he can leave a couple of suitcases, and have that include clothing and perhaps some toiletries, etc. The nicer places (I doubt the company would spring for this level/$$) would have his clothing all pressed and hanging in the closet when he arrived, and pack up for ...
by epilnk
Wed Sep 19, 2018 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: Home away from home
Replies: 20
Views: 2280

Home away from home

My husband recently took a job requiring one week per month in another city, requiring a fairly long flight. His company will put him up in an extended stay hotel during those weeks but I would like to make this as comfortable and convenient as possible. People who regularly travel to a second locat...
by epilnk
Tue Sep 18, 2018 1:31 am
Forum: Personal Finance (Not Investing)
Topic: how do/did you teach your kids finances/investing?
Replies: 28
Views: 2344

Re: how do/did you teach your kids finances/investing?

I started my kids with tiny weekly allowances - initially 75 cents for the 4 year old and 50 cents for the 3 year old - and brought them to the dollar store to spend it. This forced them to save up. It also functioned as a math lesson - they were paid in an assortment of coins and had to accurately ...
by epilnk
Sat Sep 01, 2018 10:44 pm
Forum: Investing - Help with Personal Investments
Topic: Is it time to go shorter in bonds ?
Replies: 115
Views: 9117

Re: Is it time to go shorter in bonds ?

I'm a long time member here. I was a boglehead back when bogleheads were diehards, back in the M* days. I was pretty active my first 10 years or so but got kind of tired of certain things, and more or less quit about 5 years ago. I check back in now and then to see if things have changed, maybe to s...
by epilnk
Wed Aug 22, 2018 2:09 am
Forum: Personal Consumer Issues
Topic: As an American, where are some great places in the world to retire?
Replies: 151
Views: 15346

Re: As an American, where are some great places in the world to retire?

I don't think any if those cities offer a particularly good quality of life. However Oakland has an unique combination of high prices, high taxes, ugliness, crime which is very hard to match even if you tried to. It is practically the opposite of a good place for retirement by normal standards. Nor...
by epilnk
Tue Jul 31, 2018 7:48 pm
Forum: Investing - Theory, News & General
Topic: Treasury Bonds are the Only Bonds You Need
Replies: 195
Views: 23257

Re: Treasury Bonds are the Only Bonds You Need

This has been my philosophy for many years now - I don't know how long, but well before the 08 crash. Swenson also advocates holding fixed income in treasuries. It has served me well. However past performance is no guarantee of future returns, and the world is changing. I've begun adding corporates....
by epilnk
Sun Jul 29, 2018 9:59 pm
Forum: Investing - Help with Personal Investments
Topic: Investment accounts for teens to control
Replies: 25
Views: 1473

Re: Investment accounts for teens to control

UTMA so long as the amount is not substantial. You used to be able to tax shelter up to $2,150 per year per minor in income/capital gains but with recent tax law changes I believe those amounts have changed (we'd have to research that). You will need to be custodian as minors can not legally contro...
by epilnk
Sun Jul 29, 2018 9:30 pm
Forum: Investing - Help with Personal Investments
Topic: Investment accounts for teens to control
Replies: 25
Views: 1473

Re: Investment accounts for teens to control

Yes, there is some tax sheltering in a UTMA account. I referenced that in my post, and it is in the Wiki. Just curious as to whether you have the information you need to decide what to do. Not really. I did check the wiki first, and I'm getting more parenting advice than answers. I probably chose t...
by epilnk
Sun Jul 29, 2018 9:26 pm
Forum: Investing - Help with Personal Investments
Topic: Investment accounts for teens to control
Replies: 25
Views: 1473

Re: Investment accounts for teens to control

Look at it this way. Disregarding the value of the account, if you and your spouse died, would you want your kids controlling their inherited assets? That is why their assets are held in trust for them, either one you create or one that the state approves of (UGMA). An adult needs to make the trade...
by epilnk
Sun Jul 29, 2018 8:34 pm
Forum: Investing - Help with Personal Investments
Topic: Investment accounts for teens to control
Replies: 25
Views: 1473

Re: Investment accounts for teens to control

My sister and I (who are 18 and 22, respectively) both began working as teens. When we started, in an attempt to get us investing, my parents told us they would match all our Roth IRA contributions up to the $5,500 annual limit. So, when one of us worked a summer and made $2,000 (for example), we w...
by epilnk
Sun Jul 29, 2018 4:47 pm
Forum: Personal Consumer Issues
Topic: Dual language vs Traditional Public School
Replies: 23
Views: 1389

Re: Dual language vs Traditional Public School

We put both of our kids in a Spanish Full Immersion elementary. Ours uses the 90/10 model, which is different from yours; it starts out being exclusively (90% max, but pretty much exclusively) in Spanish until the second semester of second grade, at which time they introduced english reading 4 hrs p...
by epilnk
Sun Jul 29, 2018 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: When mortgage rates are high, why invest in stock market?
Replies: 36
Views: 4642

Re: When mortgage rates are high, why invest in stock market?

The short answer is liquidity has a disproportionate value to some people at certain stages of their lives. A young family employed in a volatile industry may choose to keep assets more liquid. The longer answer is long term trends require a pretty long horizon. Those of us who are disillusioned by ...
by epilnk
Sun Jul 29, 2018 3:40 pm
Forum: Personal Consumer Issues
Topic: Toughest Purchase of my Life. Engagement Ring time
Replies: 207
Views: 10551

Re: Toughest Purchase of my Life. Engagement Ring time

Darth Xanadu wrote:
Fri Jul 27, 2018 3:55 pm
One ring to rule them all.


https://www.tungstenfashions.com/lord-o ... 0b_MvldUXU
Do you really want your spouse wearing that? Personally, I'd be wary of the person who needed that ring ...
by epilnk
Sun Jul 29, 2018 3:32 pm
Forum: Investing - Help with Personal Investments
Topic: Investment accounts for teens to control
Replies: 25
Views: 1473

Re: Investment accounts for teens to control

But minors aren't supposed to control investments. That is why they have a guardian specified on their accounts. Why do you want to encourage them to do something they are not supposed to do? You are teaching them the wrong thing. And this encouragement may violate the terms of this forum. I'm pret...
by epilnk
Sun Jul 29, 2018 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: Investment accounts for teens to control
Replies: 25
Views: 1473

Re: Investment accounts for teens to control

epilnk, I recently established an account for my son at Vanguard for just this purpose - to help my son learn how to invest. I put 5000 into a UTMA account for him and showed him how to buy Total Stock Market. I told him that if he managed it well (with my help), I would (as long as it is feasible)...
by epilnk
Thu Jul 26, 2018 11:07 pm
Forum: Investing - Help with Personal Investments
Topic: Investment accounts for teens to control
Replies: 25
Views: 1473

Re: Investment accounts for teens to control

Sorry that was unclear. Obviously gifting low basis stock only works if the gains are tax sheltered, which is why I am asking about whether there are any tax advantages to using an UTMA account. If not, we will fund with cash.
by epilnk
Thu Jul 26, 2018 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: $1 million house--- sanity check
Replies: 101
Views: 12227

Re: $1 million house--- sanity check

People talking about whether 1500 sq ft is enough or 3000 sq ft is too much need to keep in mind that square feet is not the whole story. Unfinished space can make an enormous difference. OP is from NorCal. He quite likely doesn't have a basement and may not have a useable attic. A 1500 sq ft house ...
by epilnk
Thu Jul 26, 2018 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: $1 million house--- sanity check
Replies: 101
Views: 12227

Re: $1 million house--- sanity check

You don't have kids yet, so you may not have a realistic idea of what you most want from a house. We didn't, until after we had both the house and the kids. There is no perfect family house because the same family will have different preferences at different stages. What suits a family with toddlers...
by epilnk
Thu Jul 26, 2018 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: $1 million house--- sanity check
Replies: 101
Views: 12227

Re: $1 million house--- sanity check

We traded the starter house in a barely OK school district for the forever house in the excellent school district. I wonder how many people who buy a supposed "forever house" actually stay there forever and never purchase another home. My guess is the % is quite small. We started with a small fixer...
by epilnk
Thu Jul 26, 2018 6:23 pm
Forum: Investing - Help with Personal Investments
Topic: Investment accounts for teens to control
Replies: 25
Views: 1473

Re: Investment accounts for teens to control

Yes, it will be taxed anyway, but you lose the opportunity to use your capital losses to offset gains. Not a concern - I'd either fund with cash or low basis stock. Also, their taxes are more complex to prepare (at least in the past). Believe me I know on both points. This is something I didn't thi...
by epilnk
Thu Jul 26, 2018 6:17 pm
Forum: Personal Consumer Issues
Topic: Toughest Purchase of my Life. Engagement Ring time
Replies: 207
Views: 10551

Re: Toughest Purchase of my Life. Engagement Ring time

z91 wrote:
Thu Jul 26, 2018 5:52 pm
This is BH..of course all the women are cognizant of retirement funds and how much power an early investment of this amount can bring.
And the men are not?
by epilnk
Thu Jul 26, 2018 6:15 pm
Forum: Investing - Help with Personal Investments
Topic: Investment accounts for teens to control
Replies: 25
Views: 1473

Re: Investment accounts for teens to control

I should probably clarify that I've been a member of this board since before it was this board (back when it was Vanguard Diehards on M*). So probably something like 15 years, and I used to be an active participant. I'm pretty familiar with the content and the philosophy, and the forum. If they need...
by epilnk
Thu Jul 26, 2018 5:43 pm
Forum: Personal Consumer Issues
Topic: Toughest Purchase of my Life. Engagement Ring time
Replies: 207
Views: 10551

Re: Toughest Purchase of my Life. Engagement Ring time

Interesting. Scrolling through these comments I notice a pattern among posts where I can either assign a gender from the content or guess it from the name. For the most part the people saying "just buy the ring you won't regret it" are men. The women are mostly either saying "talk to her" or "oh hel...
by epilnk
Thu Jul 26, 2018 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: Investment accounts for teens to control
Replies: 25
Views: 1473

Re: Investment accounts for teens to control

Misenplace wrote:
Thu Jul 26, 2018 2:42 pm
The other downside is that the earnings are subject to the kiddie tax.
https://www.bogleheads.org/wiki/Kiddie_tax
The earnings are going to be taxed either way - the kiddie tax isn't in addition to the tax it would have under our ownership.
by epilnk
Thu Jul 26, 2018 2:48 pm
Forum: Personal Consumer Issues
Topic: Toughest Purchase of my Life. Engagement Ring time
Replies: 207
Views: 10551

Re: Toughest Purchase of my Life. Engagement Ring time

I doubt it... She probably wants the fairytale wedding and ring... Every girl's dream. Dude, NO! It is not every girl's dream. Not by a long shot. That's a media creation; some girls (and guys) buy it, some don't. You need to know whether it is HER dream. If it is, the expense is worth it. But you ...
by epilnk
Thu Jul 26, 2018 1:49 pm
Forum: Investing - Help with Personal Investments
Topic: Investment accounts for teens to control
Replies: 25
Views: 1473

Investment accounts for teens to control

My teens have expressed an interest in learning to invest. I would like to set them each up with a sum of money that they control at Vanguard, with the intent of letting have this sum as a nest egg to start post college life. Think of it as an educational graduation gift. They can start making their...
by epilnk
Sat May 02, 2015 9:22 pm
Forum: Investing - Help with Personal Investments
Topic: Everyone is saying to get out of Bond Funds? Ignore?
Replies: 55
Views: 11224

Re: Everyone is saying to get out of Bond Funds? Ignore?

"Everyone" has been saying to get out of bond funds for 3-5 years now, because interest rates have only one way to go. It was maybe 5 years ago that my confidence started to be shaken by the chatter, though I stayed the course. But then almost 3 years ago I had a lump some that was supposed to go mo...
by epilnk
Mon Apr 27, 2015 4:24 pm
Forum: Personal Consumer Issues
Topic: Marginal benefit of spending more on car
Replies: 83
Views: 10003

Re: Marginal benefit of spending more on car

What features exactly would make it worth spending fifteen or thirty THOUSAND extra dollars on a car? How much more comfortable could it be? My $15k (bought 2-year used) Honda Civic even has heated seats (which I almost never use since I park in a garage). What do the $50k cars offer that would mak...
by epilnk
Thu Apr 16, 2015 11:12 pm
Forum: Personal Consumer Issues
Topic: Considering the new MacBook 12-inch Retina ...
Replies: 26
Views: 5108

Re: Considering the new MacBook 12-inch Retina ...

Thanks for the update. I'm also leaning in the same direction. While the form factor is enticing and 2 pounds would be amazing, I think I can handle a 3.5 pounder. After all, I'm typing this on a 4.5 pound macbook pro and don't recall ever wishing it were smaller. And I think the pro will age better...
by epilnk
Mon Mar 23, 2015 11:51 pm
Forum: Personal Consumer Issues
Topic: Considering the new MacBook 12-inch Retina ...
Replies: 26
Views: 5108

Re: Considering the new MacBook 12-inch Retina ...

I'm thinking about it. It's time for a new primary machine so I can downgrade this one (5 years old) to backup general use family laptop and photo storage, and retire the 2006 Macbook that is really starting to show it's age. I don't really need a lot of power so the macbook air would normally be fi...
by epilnk
Mon Mar 23, 2015 9:37 pm
Forum: Personal Consumer Issues
Topic: What won't you pay with Credit Card?
Replies: 77
Views: 14394

Re: What won't you pay with Credit Card?

I live in a medium sized town with fairly strong local business, so I pay cash or debit for anything local. I don't think Visa needs to skim a percentage of my vet bill or my taqueria check so even though the difference accrues to the merchant, not me, I prefer to keep the profits in town. Big box s...
by epilnk
Thu Jan 22, 2015 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: What age did you pay off your "forever" home
Replies: 52
Views: 6308

Re: What age did you pay off your "forever" home

50-ish? We could have paid it off a few years earlier but saw no reason to do so. Also this is our third house, but not our "forever" house; I don't see us staying here after our kids are grown.
by epilnk
Thu Jan 22, 2015 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Poll [Cemetery or Cremation]
Replies: 20
Views: 1540

Re: Poll

Honestly, I don't expect to care - I don't plan to stick around for either.
by epilnk
Mon Jan 12, 2015 12:19 am
Forum: Investing - Help with Personal Investments
Topic: Why not long-term bond fund for the long haul?
Replies: 11
Views: 2226

Re: Why not long-term bond fund for the long haul?

That's the way I did it - specifically long treasuries as recommended by David Swenson. (Also long munis, though those weren't very long.) Unfortunately I only reached this level of investing when I was already entering middle age, not young. So I've already begun decreasing our overall bond duratio...
by epilnk
Sat Jan 10, 2015 12:39 am
Forum: Personal Finance (Not Investing)
Topic: HELOC as emergency fund - what am I missing?
Replies: 11
Views: 3104

Re: HELOC as emergency fund - what am I missing?

HELOCs have this bad tendency to go away when they are needed, as many people discovered in 2008. Or be revoked if the bank discovers a job loss or other change in circumstances. Or be canceled for no stated reason ("this bank no longer offer this product however we will wave the fees if you decide ...
by epilnk
Thu Jan 08, 2015 3:42 pm
Forum: Investing - Theory, News & General
Topic: Is "stay the course" a commandment or a suggestion?
Replies: 60
Views: 5726

Re: Is "stay the course" a commandment or a suggestion?

Rick also states: "Now I’m planning a move toward a neutral global mix. I believe the opportunities outside the U.S. ..." does not strike me as market timing or anything other than having his portfolio reflect market capitalization rates which some BHs feel is the only weight of international/U.S. ...
by epilnk
Mon Jan 05, 2015 3:55 pm
Forum: Investing - Theory, News & General
Topic: Is "stay the course" a commandment or a suggestion?
Replies: 60
Views: 5726

Re: Is "stay the course" a commandment or a suggestion?

I think it means stay with whatever course you set in advance, in order to keep you from making decisions in the moment in response to temporary conditions or upheavals. But that means choosing a course that you are willing to stay with, so if you've done that, you should follow through. You don't n...
by epilnk
Sat Jan 03, 2015 10:55 pm
Forum: Investing - Help with Personal Investments
Topic: Next steps? PhD student w/ almost no tax-advantaged space
Replies: 19
Views: 2625

Re: Next steps? PhD student w/ almost no tax-advantaged spac

Don't worry about it. Your income is presumably low enough that the advantage of tax advantaged space is minimal. Focus on tax efficiency for now. Max your Roth and put the spillover into TSM or TI. I had to postpone grad school for financial reasons, so couldn't save at all (other than e-fund) from...
by epilnk
Thu Dec 18, 2014 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: How to teach young kids to be frugal?
Replies: 65
Views: 6537

Re: How to teach young kids to be frugal?

It's been almost 50 years, and I still have that little animal. He's been like a savings amulet, because every time I look at him, I am reminded again how good it felt to make my very first financial decision. (At the time his cost of $2 represented 1/2 my net worth(!), so it was probably a questio...