Search found 448 matches

by orthros
Fri Jun 15, 2018 10:02 am
Forum: Local Chapters and Bogleheads Community
Topic: NE Ohio (Cleveland Area) Master Thread
Replies: 145
Views: 33995

Re: NE Ohio (Cleveland Area) Master Thread

Hey Robconoclast, The North Royalton library isn't huge. There are a few conference rooms to the left as you enter - we're usually the last room. You can always ask the front desk if you're unsure, but it's usually pretty obvious. Look for a bunch of folks with finance books, portfolios and/or compu...
by orthros
Tue May 22, 2018 11:39 am
Forum: Investing - Help with Personal Investments
Topic: How do you stop moving the goal posts.
Replies: 62
Views: 5340

Re: How do you stop moving the goal posts.

I've had written goals since I was 19. I did 1/3/5/10 year goals. 10 year goals were especially fun because you can look back at them and see what was really important to you when you were younger vs. today with the benefit of age and wisdom. Since you seem highly goal-oriented, I suggested a "Four ...
by orthros
Mon Apr 23, 2018 12:05 pm
Forum: Investing - Theory, News & General
Topic: Non-profit needs a high-interest savings account... advice needed
Replies: 5
Views: 544

Re: Non-profit needs a high-interest savings account... advice needed

Thanks Theo and BB Since we're building a Church with the money, we won't have it invested for more than a year so a 30/70 asset allocation is out... although I would love to have a nice fat stack that yielded $30K a year or so. FCONX seems reasonable to me. Low risk, decent return. If I can stretch...
by orthros
Mon Apr 23, 2018 6:59 am
Forum: Investing - Theory, News & General
Topic: Non-profit needs a high-interest savings account... advice needed
Replies: 5
Views: 544

Re: Non-profit needs a high-interest savings account... advice needed

The issue is a MM fund that pays a reasonable rate of interest. My personal account can get as high as 1.75% without CDs/other instruments. In this case, the money will be needed in dribs and drabs over the next several months, so I can't tie it down with even a 6 month CD. I was hoping to get at le...
by orthros
Mon Apr 23, 2018 5:46 am
Forum: Investing - Theory, News & General
Topic: Non-profit needs a high-interest savings account... advice needed
Replies: 5
Views: 544

Non-profit needs a high-interest savings account... advice needed

I'm now heading up the finance committee for my Church. We have a large stash of (temporary) cash that I'm trying to invest for more than 25 basis points. Weird thing is that a lot of the high savings accounts (Citi, Ally Bank) explicitly do NOT allow businesses or non-profits to take advantage of t...
by orthros
Sun Feb 18, 2018 4:21 pm
Forum: Investing - Theory, News & General
Topic: 529 plan use in 2018 - Homeschooling
Replies: 22
Views: 2723

529 plan use in 2018 - Homeschooling

I'm trying to figure out if I can tap 529 plan funds in 2018 for homeschooling (K-12) purposes, and if so, what qualifies.

Assuming that one can actually do this, would textbooks used to teach students qualify? Computers? Supplies?
by orthros
Thu Feb 01, 2018 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: (Refundable) Child Tax Credit in 2018
Replies: 5
Views: 933

(Refundable) Child Tax Credit in 2018

The Rubio revisions to the new tax code are particularly intriguing to me. The way I read the 2018 and beyond Child Tax Credit law (correct me, please): 1) There is a $2,000 child tax credit per child who is 16 (lowered from 17) in 2018. 2) Of this, $1,400 is refundable. 3) There is either no requir...
by orthros
Mon Jan 15, 2018 11:08 am
Forum: Local Chapters and Bogleheads Community
Topic: NE Ohio (Cleveland Area) Master Thread
Replies: 145
Views: 33995

Re: NE Ohio (Cleveland Area) Master Thread

Still on for Feb 3rd at the North Royalton library? And is it the "New" library in front of the Y on Wallings? Time?

Just had a meeting for an unrelated group at the North Royalton library yesterday - their rooms are pretty nice.
by orthros
Wed Dec 20, 2017 9:07 am
Forum: Local Chapters and Bogleheads Community
Topic: NE Ohio (Cleveland Area) Master Thread
Replies: 145
Views: 33995

Re: NE Ohio (Cleveland Area) Master Thread

I missed the last meeting :( but want to attend.

Has the January meeting been set yet?
by orthros
Tue Aug 29, 2017 6:28 am
Forum: Investing - Help with Personal Investments
Topic: Relative angry I will not co-sign
Replies: 90
Views: 9909

Re: Relative angry I will not co-sign

I won't co-sign for my own children. Co-signers end up paying some portion of the debt about 60% of the time... thus the needs for a co-signer. If you can't or won't give someone the money, you shouldn't co-sign. In this case, as others have mentioned, there's no relationship - they just want whatev...
by orthros
Thu Jul 06, 2017 11:48 am
Forum: Local Chapters and Bogleheads Community
Topic: NE Ohio (Cleveland Area) Master Thread
Replies: 145
Views: 33995

Re: NE Ohio (Cleveland Area) Master Thread

Hello everyone, I've moved back to Cleveland and am interested in attending the July meeting (if there is one!). Anyone know the date? Location is the North Royalton Library I presume?
by orthros
Wed Oct 08, 2014 10:00 pm
Forum: Investing - Theory, News & General
Topic: Can I open up a Roth IRA for my 6 year old?
Replies: 32
Views: 4618

Re: Can I open up a Roth IRA for my 6 year old?

***I am not a lawyer, tax attorney, CPA, IRS agent or psychic hotline employee & am merely pointing out some interesting concepts*** I think a bit of prudence combined with reason is in order here. My children aged 7 through 12 have a snow shoveling business where they earned about $1,500 last winte...
by orthros
Sun Apr 13, 2014 4:23 pm
Forum: Investing - Theory, News & General
Topic: "If You Can: How Millennials Can Get Rich Slowly"-- A Gem
Replies: 6
Views: 6911

Re: "If You Can: How Millennials Can Get Rich Slowly"-- A Ge

For those interested, "If You Can" is available for a mere $1 on Amazon as a Kindle purchase. Given that anything by Bernstein is gold, it's a steal.
by orthros
Sat Oct 19, 2013 6:55 am
Forum: Investing - Theory, News & General
Topic: Improved Net Worth by Age [and plot]
Replies: 250
Views: 45933

Re: Improved Net Worth by Age [and plot]

It's eerie just how closely the trend line matches my own net worth progression. I look forward to future updates and perhaps some advanced statistical analysis of the data 8-)
by orthros
Tue Mar 26, 2013 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: How Much Cash do I Need to Retire?
Replies: 38
Views: 6031

Re: How Much Cash do I Need to Retire?

I have to second AZAnon. If you want to spend tons of $$$ in retirement, well, yes, you'll need a multi-million nest egg. If you want to live a comfortable (but not crazy) lifestyle you're looking at a number much closer to $1 - 1.5 million in most of the country. I have half a dozen children and I ...
by orthros
Sat Feb 05, 2011 9:40 am
Forum: Local Chapters and Bogleheads Community
Topic: Detroit Metro Bogleheads Local Chapter Established
Replies: 13
Views: 4117

Detroit Metro Bogleheads Local Chapter Established

Anyone else from the Greater Detroit/Flint/Monroe area interested in forming a Chapter?


[I changed your title to hopefully draw more attention to your post. - Mel]
by orthros
Sat Feb 05, 2011 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Itemized deductions - what puts you over the hump?
Replies: 41
Views: 5816

Charitable, definitely. If they ever remove that deduction, I'm in big trouble tax-wise.
by orthros
Sat Feb 05, 2011 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Emergency Fund
Replies: 8
Views: 1922

Although it's incredibly difficult, I think a good rule of thumb is 1 year of your current expenses as an emergency fund. As others here have pointed out, many expenses increase in tough times (insurance, job-search costs, etc.). Rather than kill yourself trying to quantify, it's reasonable to assum...
by orthros
Sat Feb 05, 2011 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Retirement, Home Equity and Savings % of Net Worth
Replies: 89
Views: 11828

I'm in my late 30s.

Home Equity: 25%
Deferred: 35%
Non-deferred: 40%

Non-deferred is so high because I don't have a 401K plan. Grrrr.
by orthros
Sat Jan 30, 2010 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: [Poll] Do you have all your 1099s, W-2s, etc.?
Replies: 71
Views: 15104

I never have mine by February 1st... sigh... maybe some day.
by orthros
Sun Feb 17, 2008 6:42 pm
Forum: Investing - Help with Personal Investments
Topic: interest/divident <$10 = no 1099INT/DIV ?
Replies: 21
Views: 8227

I declared $3 in interest (ING) as well as $7 (BofA savings), $1 (BofA Checking) and $2 (BofA Checking # 2). From a totally values-neutral perspective, I'd rather pay tax on $13 than deal with even the possibility of the hassle related to paperwork if someone tracked me down later on. From a values-...
by orthros
Sun Dec 30, 2007 1:26 am
Forum: Investing - Theory, News & General
Topic: Play the Lazy Portfolio Smackdown Game
Replies: 85
Views: 36211

Age - 35
Risk profile - 90 (from IFA site)

Portfolio:

VBTLX (Total Bond Market) 30%
VTSMX (Total Stock Market) 20%
VTGSX (Total Int'l) 20%
VGSIX (Real Estate) 10%
VISVX (Small Value Index) 10%
VTRIX (International Value) 10%
by orthros
Thu Dec 13, 2007 8:27 pm
Forum: Investing - Help with Personal Investments
Topic: my financial plan
Replies: 12
Views: 3120

Re: portfolio

pkcrafter wrote:Ray, you have one taxable account? What is the 50/40/10?

What is your tax bracket?

Paul
I believe he meant 50% TSM, 40% Bonds and 10% Int'l. Correct me if I'm wrong.
by orthros
Thu Dec 13, 2007 8:10 pm
Forum: Investing - Theory, News & General
Topic: The Millionaire Next Door - PAW Ratio
Replies: 5
Views: 3298

The Millionaire Next Door - PAW Ratio

I thought this was a good way to follow up the net worth poll. PAW Ratio is defined as: Net worth divided by [your age divided by ten times your gross annualized income]. So, a 35 year old who makes $140,000 and has a net worth of $500,000 would have a PAW ratio of: $500,000 / (3.5 * 140,000) = 1.02...
by orthros
Sun Dec 09, 2007 9:48 pm
Forum: Investing - Help with Personal Investments
Topic: Got 4 Jobs, how best to defer taxes
Replies: 11
Views: 3222

rd - you might consider a SIMPLE rather than a SEP. Very easy to set up and if you are not making a lot consulting, you can defer everything up to $10,000 -$12.500 if you are over 50. Wife, as a sole prop, makes $20K to 25K consulting and puts 12.5K in a SIMPLE (along with a 3% employer match). Thi...
by orthros
Sun Dec 09, 2007 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking back to when you were 21...what yr was it,any good?
Replies: 56
Views: 14474

1994. I was finishing up my junior year in college, where I was taking Physical and Quant Chemistry and counting the days until I graduated and could actually afford real food. I'm glad folks had great teenaged years... for me, these are the best years of my life. :D Heh. Me, too. And at your favor...
by orthros
Wed Dec 05, 2007 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking back to when you were 21...what yr was it,any good?
Replies: 56
Views: 14474

1994. I was finishing up my junior year in college, where I was taking Physical and Quant Chemistry and counting the days until I graduated and could actually afford real food.

I'm glad folks had great teenaged years... for me, these are the best years of my life. :D
by orthros
Tue Dec 04, 2007 9:28 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice Request from a 35 y/o with 4 kids
Replies: 6
Views: 2109

Re: Portfolio Advice Request from a 35 y/o with 4 kids

Investment savings: 60% in taxable, 30% in Traditional/Rollover IRAs/401K, 10% in Roth IRAs. Desired Asset allocation: 75/25 stock/bond Desired International allocation: ~40-50% of my non-bond portion Potential Asset Allocation In trying to keep with S&D, I've come up with the following potential a...
by orthros
Tue Dec 04, 2007 9:24 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice Request from a 35 y/o with 4 kids
Replies: 6
Views: 2109

A biggy for you with four kids and a spouse is term life insurance for both of you. Probably a minimum 10x your salary. Paul Thanks Paul. My wife and I have $500K each, 20 year fixed. Not nearly 10x... but between that and what we already have saved up, my wife should be able to afford a cabana boy...
by orthros
Tue Dec 04, 2007 6:48 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice Request from a 35 y/o with 4 kids
Replies: 6
Views: 2109

Portfolio Advice Request from a 35 y/o with 4 kids

Hi fellow Bogleheads, I'm trying to follow the FundAdvice.com Slice & Dice method using Vanguard only. Unfortunately, a large portion (50%+) of my investable assets aren't tax-advantaged, which is causing my head to spin as I consider how this will impact any investment decision. My Stats 35, Marrie...
by orthros
Tue Dec 04, 2007 2:29 pm
Forum: Investing - Help with Personal Investments
Topic: Saving too much
Replies: 36
Views: 8900

People always forget one side or the other. It's not just Risk. It's *Risk/Reward*. There's certainly a risk of passing up that jackpot as nisiprius says... but the probable reward is not worth the risk of becoming worse off or destitute. I still have yet to hear of some retiree complaining that the...
by orthros
Wed Oct 24, 2007 5:32 pm
Forum: Local Chapters and Bogleheads Community
Topic: Michigan Diehards
Replies: 29
Views: 12101

New Michgander

I'm in SW Michigan now that I've relocated... please keep me informed!
by orthros
Sun Aug 12, 2007 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: How would you invest one million dollars in Vanguard?
Replies: 38
Views: 18325

Hi Pete, Other folks with stronger backgrounds (Laura, for instance) will be along shortly... but honestly, I would look at whether that $1 million is enough for you to retire with, if that's of interest to you. Namely, you could invest so as to draw about $40,000 per year from it (and another $4,00...
by orthros
Mon Aug 06, 2007 11:50 pm
Forum: Investing - Theory, News & General
Topic: Ferri, Evanson, or Gorlow as my new advisor? Help please!
Replies: 35
Views: 18644

Rick's organization

One thing that surprised me about Rick's organization was that it has full discretion to make trades. I always thought of this as a huge red flag, although Rick has a sterling reputation. Does anyone have thoughts on this?
by orthros
Tue Jul 03, 2007 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Die Hard 4
Replies: 11
Views: 3823

Completely off topic, but I am personally responsible for a Circuit City truck being in a scene (somewhere) in DH4.

I haven't seen the Die Hard series, but I'm going to go see it just to see that truck! =D

And why, yes, I am a dork.
by orthros
Tue Jul 03, 2007 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an MBA?
Replies: 40
Views: 17263

Tommy, Unfortunately, the response to whether it's worth it is so individually-focused that you need to be careful with any reply, pro or con. For me personally, the MBA was unambiguously the best thing for my professional (and probably personal) life to that point in time. I graduated with no debt ...
by orthros
Sat Jun 23, 2007 5:24 pm
Forum: Investing - Theory, News & General
Topic: what if you’re wrong?
Replies: 41
Views: 15739

The difference is between absolute truth (the religious example Chuck used) and relative truth (did I get "enough" money to reach my goals?). The Diehard philosophy won't allow us to say that we will attain a 10.41852% rate of return. What it *does* do is allow the greatest potential for return at t...
by orthros
Tue Jun 19, 2007 9:57 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey
Replies: 35
Views: 13225

Dave is in the recently-released Maxed Out, which is a great movie. A little too light on personal responsibility, but as someone who used to work for Capital One, I can attest that many of the foci and tactics of those companies shown in the film aren't too far out of whack.
by orthros
Tue Jun 19, 2007 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: Peak Oil Poll
Replies: 47
Views: 20039

The fallacy of the Four Point argument (which, essentially, is Pascal's Wager) is clearly shown in this: Replace "global warming" with "abortion".... rest deleted by admin - sorry folks we have clearly reached the "more likely to cause distress than add anything of value" point here. so I am locking...
by orthros
Tue Jun 19, 2007 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Money Magazine or SmartMoney?
Replies: 38
Views: 16709

I like Money, but was absolutely *horrified* by the "How to snag a billionaire" article. Which covered several pages.

Even my wife was properly amused. :)
by orthros
Sat Jun 16, 2007 9:01 am
Forum: Personal Finance (Not Investing)
Topic: "Hot hands" in sports, true or false?
Replies: 18
Views: 5331

This concept is also debunked in Freakonomics.

I haven't used it in years, but there is a statistical run test (e.g. HHTHTHTHHHHHTTTHTH for flipping coins) that validates statistical normality.
by orthros
Sat Jun 16, 2007 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Money Magazine or SmartMoney?
Replies: 38
Views: 16709

I just subscribed to Kiplingers for $2 for a year special offer. The first two magazines arrived together in the mail this week and the covers don't look promising. I'll save them for a plane flight next week and see if I get any good out of them. I haven't read any of the others. I love to read th...
by orthros
Thu Jun 14, 2007 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Money Magazine or SmartMoney?
Replies: 38
Views: 16709

The value I get out of Kiplinger/Money is two-fold:

1) Fund information (opening/closing) that may have missed my attention, and
2) Tax updates that I may have missed

Given that even one tax tip in a year will save me more than the $5 I spend, it's a good ROI. YMMV.
by orthros
Thu Jun 14, 2007 1:00 pm
Forum: Investing - Theory, News & General
Topic: The Longevity Annuity: An Annuity for Everyone?
Replies: 19
Views: 8019

I immediately thought of this. :D
by orthros
Thu Jun 14, 2007 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: Hating your job and changing careers - financial impact?
Replies: 2
Views: 1965

I'm currently in a transition myself and debating where to take the next step. Having children complicates matters enormously. There are just certain (heavy) expenses present that otherwise would allow for greater flexibility on the income side of the equation. If you can do what you love AND make a...
by orthros
Thu Jun 14, 2007 12:49 pm
Forum: Investing - Theory, News & General
Topic: why hasn't there been a free (0% ER) ETF or mutual fund yet?
Replies: 15
Views: 5194

Chuck, I love you, man, but this is the living definition of "diminishing returns". :D I'll take an overall ER of 0.10% (10 whole basis points) in exchange for the peace of mind I'd get from knowing that there was no temptation to skim off or cut shady deals to pay the salaries of those supporting a...
by orthros
Thu Jun 14, 2007 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: Lowering my tax burden on a capital gain
Replies: 5
Views: 2784

Have you looked at doing a Starker exchange? It's delaying taxes, but it would allow you to reinvest in another (equally or more pricey) property. If you want to cash out, you'll have to pay regular taxes on the boot, if there is any, but you may want to chat with your lawyer or tax advisor. This pr...
by orthros
Thu Jun 14, 2007 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Peak Oil Poll
Replies: 47
Views: 20039

Travis, Unfortunately, the assumption here is that the earth is millions of years old, and that it takes eons to make oil. Given that laboratory conditions have allowed for making oil in very short periods of time, and that not everyone buys the old Earth theory, I can see why "peak oil" has become ...
by orthros
Thu Jun 14, 2007 12:36 pm
Forum: Investing - Help with Personal Investments
Topic: 4.3% tax surcharge may replace AMT
Replies: 24
Views: 8126

The biggest issue is whether any AMT fix would raise marginal tax rates to the 70-90% level. Given that I have many children, am in a relatively high tax state, and am in the middle of the AMT income bubble, my marginal tax rate is now over 50%. I am somewhere between "Soak the rich" and "Let them e...
by orthros
Thu Jun 14, 2007 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: what do you drive? conservative or spendy?
Replies: 99
Views: 39842

May be a repeat, but it's interesting enough to me to do again. :D My cars: 1999 Toyota Sienna - This is the wife's car, as we have four boys and... well, that takes a van now, doesn't it? 1994 Toyota Tercel - My vehicle. I *love* this car. Really. I don't lock it, I don't worry about it, I just do ...