Search found 3676 matches

by mhc
Wed Aug 15, 2018 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Housing cost as a % of Income
Replies: 7
Views: 717

Re: Housing cost as a % of Income

OP, you will get a large variation of answers. If you want to know if you and/or your thinking is in-line, then ask that specifically. I think my family of 5 spend 1-2% on mortgage/property tax/insurance/maintenance. I live in an avg COL area. My house is paid off. A rule a thumb is 1-2% of housing ...
by mhc
Tue Aug 14, 2018 4:22 pm
Forum: Personal Consumer Issues
Topic: Colorado Summer Vacation - what to see and where to stay
Replies: 61
Views: 4519

Re: Colorado Summer Vacation - what to see and where to stay

I have never had a problem with them at higher altitudes. Tell that to my spouse when we were hiking above the tree line and running out of DEET. Where were you? I have never seen a mosquito on a mountain hike. I've mainly hiked RMNP and Poudre Canyon/Cameron Pass, but I have been to all parts of t...
by mhc
Tue Aug 14, 2018 3:41 pm
Forum: Personal Consumer Issues
Topic: Key West Family Vacation - February
Replies: 25
Views: 1653

Re: Key West Family Vacation - February

Last summer we started a long road trip in New Orleans and finished in Miami. We spent 2 nights in New Orleans and 5 nights in Key West. We had our 3 kids (9, 11, and 13). Key West is no where near as bad as the French Quarter. Not even close. The highlight of the trip was Key West. We were only on ...
by mhc
Tue Aug 14, 2018 3:28 pm
Forum: Personal Consumer Issues
Topic: Colorado Summer Vacation - what to see and where to stay
Replies: 61
Views: 4519

Re: Colorado Summer Vacation - what to see and where to stay

Not on Mt Evans.

There is West Nile in Colorado. At my house, the mosquitoes are out in the evening. They are especially thick in marshy areas. I have never had a problem with them at higher altitudes.
by mhc
Mon Aug 13, 2018 10:14 am
Forum: Personal Consumer Issues
Topic: Where to stay in Key West?
Replies: 20
Views: 1119

Re: Where to stay in Key West?

We stayed at http://www.coconutbeachresort.com/. We had a 2 bedroom 2 bathroom unit. It worked great for my family of 5. I don't know if they have any 3 bedroom units. The location was great. It was within walking distance of Duval, a beach, and restaurants. The pool area and views were very nice.
by mhc
Mon Aug 13, 2018 10:10 am
Forum: Personal Consumer Issues
Topic: Key West Family Vacation - February
Replies: 25
Views: 1653

Re: Key West Family Vacation - February

I highly recommend Dry Tortugas. We took the float plane. More expensive than the ferry, but well worth it to me. We took the first flight of the day. We beat the ferry, so we pretty much had to island to ourselves. I also heard a lot of the ferry passengers get sea sick. We also took a snorkling tr...
by mhc
Mon Jul 23, 2018 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Mother-in-Law criticizing my wife over our recent house purchase
Replies: 38
Views: 2913

Re: Mother-in-Law criticizing my wife over our recent house purchase

I would tell her, "Thank you for your input. If you like, give us the extra $100-200k and we'll buy a more expensive house."

I would also point out that a house does not have to be a permanent thing. People move all the time.
by mhc
Fri Jul 20, 2018 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Understanding Restricted Stock Units (RSU)
Replies: 12
Views: 1103

Re: Understanding Restricted Stock Units (RSU)

When shares vest, the fair market value (FMV) of the shares is counted as wages. You don't have to do anything out of the ordinary. Once you have the shares, they follow normal tax rules for stocks with a cost basis equal to the FMV when they vest. Before the shares vest you have to instruct the bro...
by mhc
Thu Jul 19, 2018 8:58 am
Forum: Investing - Theory, News & General
Topic: I may have understood why it's so hard to save and invest
Replies: 75
Views: 10999

Re: I may have understood why it's so hard to save and invest

A journey of a thousand miles starts with a single step.

All the little steps add up over time. The power of compounding over decades is pretty amazing.
by mhc
Wed Jul 18, 2018 9:40 am
Forum: Personal Finance (Not Investing)
Topic: $500k Term Life- get new policy?
Replies: 14
Views: 870

Re: $500k Term Life- get new policy?

I would drop the insurance. Why do you think you need it?
by mhc
Tue Jul 17, 2018 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Should I reduce the death benefit of my term life policy?
Replies: 20
Views: 963

Re: Should I reduce the death benefit of my term life policy?

I'm not a fan of buying insurance I don't need. I'm not a fan of buying insurance as an "investment."

I would drop it completely.
by mhc
Mon Jul 16, 2018 10:53 am
Forum: Personal Consumer Issues
Topic: Why own a bed?
Replies: 140
Views: 9730

Re: Why own a bed?

Personal choice.

My favorite bed was a sofa bed when I was in high school. Love seat during the day. Bed at night.

I replaced our master bedroom bed last year. King mattress, frame, headboard, sheets, blankets, pillows for $1100. Very happy with the decision. I got everything on Amazon.
by mhc
Fri Jul 13, 2018 11:47 am
Forum: Investing - Theory, News & General
Topic: ESPP Purchase/Sale Specifics
Replies: 6
Views: 321

Re: ESPP Purchase/Sale Specifics

Don't over think it. It is simple. Contribute the max amount and sell when the share show up in the account. Include it when you do your taxes. Even if everyone sold their shares together, it won't affect the price to the extent that you should care. I sell immediately every quarter. Sometimes it re...
by mhc
Fri Jul 13, 2018 11:41 am
Forum: Investing - Help with Personal Investments
Topic: Convert VTSMX and VIVAX to ETFs?
Replies: 4
Views: 315

Re: Convert VTSMX and VIVAX to ETFs?

Call Vanguard. They should be able to help. If they can't tell you what to do, then stay with Fidelity. In reality, it should be easy to transfer to Vanguard.
by mhc
Fri Jul 13, 2018 10:23 am
Forum: Investing - Help with Personal Investments
Topic: Convert VTSMX and VIVAX to ETFs?
Replies: 4
Views: 315

Re: Convert VTSMX and VIVAX to ETFs?

If you want Vanguard funds, why not move the IRA to Vanguard? With Vanguard, the ETF is a share class of the MF. Buying the ETF makes sense if you stay at Fidelity and want Vanguard funds. Have you looked at the Fidelity Index funds? Why not just buy those if you stay at Fidelity? I would not bother...
by mhc
Fri Jul 13, 2018 10:19 am
Forum: Investing - Help with Personal Investments
Topic: What to do with extra $2500 a month?????
Replies: 36
Views: 3220

Re: What to do with extra $2500 a month?????

You have $25k in savings. Is that your emergency fund? If so, how many months of expenses is that? You may wish to increase that. I would look at paying of the boat before increasing 529 contributions. I would also look at maxing the HSA contributions before 529 contributions. I would also stop usin...
by mhc
Fri Jul 13, 2018 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Would you trade experiences in your youth for early retirement
Replies: 81
Views: 5527

Re: Would you trade experiences in your youth for early retirement

What is OMY? I googled and still can't figure out what you mean by it. I desperately want to retire, but I have chosen not to sacrifice the journey to retirement. I really enjoy vacationing with my family. Some day, my children will be gone and the chance to have experiences with them will diminish ...
by mhc
Thu Jul 12, 2018 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: How to bring up this issue with your boss? (firm failure to contribute employer match)
Replies: 6
Views: 782

Re: How to bring up this issue with your boss? (firm failure to contribute employer match)

Have you read the plan documents to make sure you understand all the rules? If not, I would do that before speaking to anyone.
by mhc
Thu Jul 12, 2018 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Grandpa's 88 and has term life insurance
Replies: 39
Views: 3007

Re: Grandpa's 88 and has term life insurance

Sounds like it would be better to cancel the policy since he has a couple million in liquid assets.
by mhc
Thu Jul 12, 2018 11:23 am
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 359
Views: 15068

Re: COMING SOON: BOGLEHEADS PODCASTS

Bogleheads: Investing is not nearly as difficult as it looks.


"Investing is not nearly as difficult as it looks" is a quote from John Bogle.
by mhc
Tue Jul 10, 2018 10:46 am
Forum: Personal Finance (Not Investing)
Topic: 30 Year vs 15 Year Mortgage
Replies: 79
Views: 4755

Re: 30 Year vs 15 Year Mortgage

What is the interest rate difference between the two loans? How long do you plan on carrying the loan?
by mhc
Tue Jul 10, 2018 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Taken advantage of.
Replies: 7
Views: 1321

Re: Taken advantage of.

try googling "Bernie Madoff"
by mhc
Tue Jul 10, 2018 10:19 am
Forum: Personal Consumer Issues
Topic: Replace water heater at end of warranty or repair?
Replies: 31
Views: 2161

Re: Replace water heater at end of warranty or repair?

I would fix it myself (there has to be a video online somewhere) or get a different repairman. You should be able to get a lot more than 6 years out of a hot water heater.
by mhc
Tue Jul 10, 2018 9:28 am
Forum: Investing - Help with Personal Investments
Topic: Target date funds....unsophisticated?
Replies: 64
Views: 4782

Re: Target date funds....unsophisticated?

Everything should be made as simple as possible, but not simpler. - Albert Einstein

I do not believe one should add complexity for the appearence of being sophisticated.
by mhc
Mon Jul 09, 2018 11:56 am
Forum: Personal Consumer Issues
Topic: Ruby Anniversary(40) - Pikes Peak & Estes Park
Replies: 15
Views: 1112

Re: Ruby Anniversary(40) - Pikes Peak & Estes Park

RMNP: hiking around Bear Lake is beautiful and easy. If you want more of a challenge, go uphill from Bear Lake. Near Bear Lake is Glacier Gorge. It is probably the most beautiful part of the park. If you continue past Black Lake, you will probably be all alone. If Trailridge is still open, go to the...
by mhc
Fri Jul 06, 2018 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking Target Retirement 2020 Yearly Glide Path Detail Going Forward
Replies: 7
Views: 658

Re: Seeking Target Retirement 2020 Yearly Glide Path Detail Going Forward

On p. 75 of the prospectus, there is a table that breaks down the funds into the 5 parts. You could interpolate between the points to get a close approximation of the year by year glide path.
by mhc
Fri Jul 06, 2018 3:36 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking Target Retirement 2020 Yearly Glide Path Detail Going Forward
Replies: 7
Views: 658

Re: Seeking Target Retirement 2020 Yearly Glide Path Detail Going Forward

You can go to the fund's webpage on Vanguard and open the prospectus. Start reading around page 74. You can also read the section on the TR2020 fund.
by mhc
Fri Jul 06, 2018 9:12 am
Forum: Investing - Help with Personal Investments
Topic: Can you help me figure out how much emergency fund $ I REALLY need?
Replies: 38
Views: 2999

Re: Can you help me figure out how much emergency fund $ I REALLY need?

10k sounds good to me especially if you have investments you can fall back on. The goal is not to have an emergency fund. The goal is to have plans in place to deal with emergencies. If you have thought through the most likely emergencies and 10k cash is all you need, then you are covered. Some peop...
by mhc
Tue Jul 03, 2018 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Will I ever be able to itemize?
Replies: 64
Views: 4372

Re: Will I ever be able to itemize?

aristotelian wrote:
Tue Jul 03, 2018 11:22 am
You are not being screwed. You are being allowed to deduct an extra $4k that you wouldn't otherwise qualify for.
+1

and you get this benefit with less work. double win
by mhc
Fri Jun 29, 2018 4:52 pm
Forum: Investing - Theory, News & General
Topic: What is an average expense ratio?
Replies: 14
Views: 902

Re: What is an average expense ratio?

Those ERs are high.

Fortunately, I have good choices in my 401k. All combined for 401k, HSA, Roth, and taxable account my ER is about 0.1%.

I think a lot of people around here are in the 0.05-0.20% range. Outside this forum, I think a lot of people are 0.5%+.
by mhc
Fri Jun 29, 2018 11:52 am
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 480
Views: 47519

Re: Pulled the trigger and paid off the house today

congratulations! life isn't just about making financial decisions.
by mhc
Thu Jun 28, 2018 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Inspection on home we wish to purchase - questions i should ask
Replies: 23
Views: 1383

Re: Inspection on home we wish to purchase - questions i should ask

were there proper permits for the improvements
radon
lead paint
asbestos
whatever hazards particular to your part of the country
wiring/breaker box
plumbing
sewage
gas
insulation
foundation

Basically, I would ask about every part of the house.
by mhc
Thu Jun 28, 2018 9:53 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard is really pushing their Personal Adviser Service
Replies: 65
Views: 6407

Re: Vanguard is really pushing their Personal Adviser Service

All companies push their products and services. That's what they do. If that bothers you, how do you live in this world?

Just ignore it and move on. Their are more important things in life.
by mhc
Tue Jun 26, 2018 11:19 am
Forum: Investing - Help with Personal Investments
Topic: High yield and tax-free munis
Replies: 23
Views: 2476

Re: High yield and tax-free munis

Why are you getting out of equities for the next 5 years?
by mhc
Thu Jun 21, 2018 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: back door roth ira - is it worth it for me?
Replies: 7
Views: 719

Re: back door roth ira - is it worth it for me?

Welcome to the forum!

Can you move the IRA to a 401k? If so, that would open the backdoor.
by mhc
Thu Jun 21, 2018 4:10 pm
Forum: Investing - Help with Personal Investments
Topic: [100% stock, uncomfortable with international]
Replies: 65
Views: 5862

Re: [100% stock, uncomfortable with international]

You could do a lot worse. Just make sure you stay the course. Frequent switching could be harmful to your savings.
by mhc
Wed Jun 20, 2018 10:48 am
Forum: Personal Consumer Issues
Topic: Surprise - Costco sells - but does not install vehicle batteries
Replies: 85
Views: 5902

Re: Surprise - Costco sells - but does not install vehicle batteries

Good to know.

Wouldn't it be easy for most people to do it themselves?

I like interstate battery because it is near my house, it is a small shop, and they change out the battery for you. I can be in and out in less than 10 minutes.
by mhc
Wed Jun 20, 2018 9:54 am
Forum: Investing - Help with Personal Investments
Topic: 529 plan - did I do something bad?
Replies: 6
Views: 1030

Re: 529 plan - did I do something bad?

what rupert said, plus there is a special 5 year gifting rule for 529s. Google "529 5 year rule".
by mhc
Tue Jun 19, 2018 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: I don't trust my own estimate of expenses
Replies: 29
Views: 2509

Re: I don't trust my own estimate of expenses

I use a spreadsheet to track my spending. I have a tab for each year. Each tab has a column for each month and one column for the year. There is a row for each major category (electricity, car insurance, cell phone, credit card, medical, cable, ...). I don't bother to categorize the credit card. I c...
by mhc
Tue Jun 19, 2018 10:16 am
Forum: Investing - Help with Personal Investments
Topic: Looking for 529 Plan with Highest Rate for One-Year CD
Replies: 2
Views: 165

Re: Looking for 529 Plan with Highest Rate for One-Year CD

The Colorado plan has a stable value fund that is higher. You may want to take a look at it.
by mhc
Thu Jun 07, 2018 4:39 pm
Forum: Personal Consumer Issues
Topic: daughter wants a college transfer?
Replies: 65
Views: 5378

Re: daughter wants a college transfer?

I would encourage her to stick it out 1 more year. Things are probably not that much different at other schools. After my soph. year of college I wanted to change majors because I hated my classes. I had just finished my first year of engineering classes. I happened to win EE soph of the year which ...
by mhc
Wed Jun 06, 2018 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard LifeStrategy Moderate: Keep, move, or go 3 fund?
Replies: 20
Views: 1917

Re: Vanguard LifeStrategy Moderate: Keep, move, or go 3 fund?

You should also consider that holding bonds in a taxable account is not always the best option. It really depends on your current and future tax rates. For this reason, I go 3 fund. I put all my bonds in my 401k. My taxable account has TSM and TISM.
by mhc
Wed Jun 06, 2018 10:45 am
Forum: Investing - Theory, News & General
Topic: FIRECalc anomaly
Replies: 10
Views: 1002

Re: FIRECalc anomaly

I'm guessing the verbage is expressing the min/max any time during the 30 year period, not the ending balance.
by mhc
Mon Jun 04, 2018 9:04 am
Forum: Personal Finance (Not Investing)
Topic: What have you tapped your emergency fund for?
Replies: 15
Views: 1791

Re: What have you tapped your emergency fund for?

It has been about 25 years since I used my EF. I was in college and my wife's transmission went out on her car.
by mhc
Fri Jun 01, 2018 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Milestones on the way to FI [Financial Independence]
Replies: 33
Views: 4322

Re: Milestones on the way to FI

Here are some of my past goals in order that they occured. They were not well thought out ahead of time, but they served me well. 1. save regularly (age 18) 2. avoid carrying credit card debt (age 22) 3. 10% into 401k (age 26) 4. max 401k (age 30) 5. debt free (age 40) 6. max all tax advantaged acco...
by mhc
Fri Jun 01, 2018 11:35 am
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting. Most similar fund to VTI
Replies: 15
Views: 1027

Re: Tax loss harvesting. Most similar fund to VTI

I'm with MotoTrojan about 401Ks. The IRS publication about wash sales does not list 401Ks.
by mhc
Wed May 30, 2018 3:29 pm
Forum: Personal Consumer Issues
Topic: Hotel Charged on Reservation vs Actual Night Stayed?
Replies: 31
Views: 1830

Re: Hotel Charged on Reservation vs Actual Night Stayed?

I would call the hotel and politely ask them to correct it. If that doesn't work, then I would escalte. I would not use the credit card company if the hotel is following policy.
by mhc
Wed May 30, 2018 3:25 pm
Forum: Personal Consumer Issues
Topic: Enterprise vs Avis
Replies: 43
Views: 2765

Re: Enterprise vs Avis

I use the cheapest national brand. I don't know how Avis stays in business, but the two mega-corps I have worked for used Avis. True, that's who my wifes company uses. Thought we would get a discount My company provides a corporate code for personal rentals with Avis. It saves me a lot of money.
by mhc
Wed May 30, 2018 2:03 pm
Forum: Personal Consumer Issues
Topic: Enterprise vs Avis
Replies: 43
Views: 2765

Re: Enterprise vs Avis

I use the cheapest national brand.

I don't know how Avis stays in business, but the two mega-corps I have worked for used Avis.