Search found 120 matches

by pcola2234
Wed Jun 24, 2015 9:42 am
Forum: Investing - Theory, News & General
Topic: What does it mean to be FIRE?
Replies: 30
Views: 4068

Re: What does it mean to be FIRE?

but whats the poverty line? i feel like most middle class standards of living assume buying a car every 5 years, living in a 1500 sq ft house, etc. all things that are unnecessary. poverty line implies to me that you're living in a sad state. Some of the happiest people I've ever met live on under $...
by pcola2234
Wed Jun 24, 2015 9:05 am
Forum: Investing - Theory, News & General
Topic: What does it mean to be FIRE?
Replies: 30
Views: 4068

Re: What does it mean to be FIRE?

Perhaps the right way to phrase it would've been 60% FIRE but taking the plunge anyway, that's still a radical move
by pcola2234
Wed Jun 24, 2015 9:04 am
Forum: Investing - Theory, News & General
Topic: What does it mean to be FIRE?
Replies: 30
Views: 4068

Re: What does it mean to be FIRE?

Would hardly call it trolling, I've been a poster since 2011, I don't plan on getting income from a small time blog , and the thread was one of the most active all day on bogeheads with a lot of people reflecting and asking serious financial and investment questions , it generated a ton of conversat...
by pcola2234
Wed Jun 24, 2015 8:19 am
Forum: Investing - Theory, News & General
Topic: What does it mean to be FIRE?
Replies: 30
Views: 4068

Re: What does it mean to be FIRE?

That's a good point, I could change it to 25 is the new 65: how I retired outrageously early to do whatever the heck I want

Simple replacement of pronouns, in case ppl were interested they could search millennialmoola themselves to see the stuff that started that firestorm yesterday
by pcola2234
Tue Jun 23, 2015 9:29 pm
Forum: Investing - Theory, News & General
Topic: What does it mean to be FIRE?
Replies: 30
Views: 4068

Re: What does it mean to be FIRE?

thanks to moderators for not banning me i wasnt trying to be nakedly self promotional
by pcola2234
Tue Jun 23, 2015 9:28 pm
Forum: Investing - Theory, News & General
Topic: What does it mean to be FIRE?
Replies: 30
Views: 4068

Re: What does it mean to be FIRE?

I appreciate the continued conversation, that's what I was trying to accomplish all along, the bogleheads definitely helped me a ton in refining my arguments and making them more coherent. As to FIRE and its definition, would not medicaid be there to take care of you in an extreme situation? nursing...
by pcola2234
Sun Jan 25, 2015 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Transfer on death plan or Go to dreaded probate?
Replies: 6
Views: 1072

Re: Transfer on death plan or Go to dreaded probate?

We did visit an Atty in 2012 before the estate tax uncertainty ended and the recommendation was for a perpetual trust which my family member was very uncomfortable with. Their desire is to distribute assets immediately upon death and trust the Benes to do well or ill accordingly. To the extent a tem...
by pcola2234
Fri Jan 23, 2015 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Transfer on death plan or Go to dreaded probate?
Replies: 6
Views: 1072

Transfer on death plan or Go to dreaded probate?

Assuming someone was just under the threshold to worry about estate taxes (5-10million total account size) and was older, would you use a TOD to simplify things and avoid probate? Main downside is if you have per stirpes intentions in your will and say the named person and executor passed in a simul...
by pcola2234
Thu Jun 14, 2012 11:53 pm
Forum: Personal Finance (Not Investing)
Topic: Ivy League Myths Uprooted
Replies: 288
Views: 22235

Re: Ivy League Myths Uprooted

These promises from financial aid offices are highly misleading IMO My family made under 50k and when I applied to a lot of elite institutions we qualified for almost nothing because my parents had highly illiquid real estate that was highly valued due to the bubble. I remember one school wanted me ...
by pcola2234
Tue Jun 12, 2012 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited $250K...What's the "smart" move? I need your help!
Replies: 27
Views: 3626

Re: Inherited $250K...What's the "smart" move? I need your h

I'd stay in one of the places you already own once you get married until it's more clear what kind of housing you'll need when and if kids come into the picture. Even 5 years down the line I doubt we'll see housing up 25%, probably more like 5-10% from today's prices. In terms of the inheritance, at...
by pcola2234
Wed May 30, 2012 11:42 pm
Forum: Investing - Help with Personal Investments
Topic: AA for 90 yr old parent with dementia
Replies: 19
Views: 1643

Re: AA for 90 yr old parent with dementia

Definitely watch out for any large unrealized capital gains as an estate gets a step up basis at death so heirs won't owe any tax on the stocks. If pure safety with some possibility of income is what you seek, I would go 100% short term bond fund at Vanguard, no use going out on the yield curve and ...
by pcola2234
Wed May 30, 2012 11:30 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice requested for retiree who left Edward Jones
Replies: 3
Views: 546

Re: Portfolio advice requested for retiree who left Edward J

I've been guilty of trying to get the mix just right before with elderly family members only to discover that simplicity at older ages has a utility all it's own. What about using a target date retirement fund, say Target Date 2010 or 2015 depending on how risky she wants to start and putting the RM...
by pcola2234
Tue May 29, 2012 12:12 am
Forum: Investing - Help with Personal Investments
Topic: How did you pick your estate lawyer?
Replies: 12
Views: 1364

Re: How did you pick your estate lawyer?

If all your assets are in individual stocks and mutual funds, does this make it a lot simpler? They have a will that's clear in its intent and very specific as to division of assets. The good news is that their specification is an equal distribution among heirs so there is not likely to be any conte...
by pcola2234
Mon May 28, 2012 9:53 pm
Forum: Investing - Help with Personal Investments
Topic: How did you pick your estate lawyer?
Replies: 12
Views: 1364

How did you pick your estate lawyer?

Hey Bogleheads,

How did you choose your estate lawyer/ what services did he/she provide you with?
Is it true that they can charge you 3% of an estate's total value to probate it?
I'm looking to help a family member make this decision with eyes wide open.
by pcola2234
Sat May 26, 2012 4:04 pm
Forum: Investing - Help with Personal Investments
Topic: Plz help me make this formula a free droid app/excel program
Replies: 4
Views: 500

Re: Plz help me make this formula a free droid app/excel pro

the main difference is that this calculator incorporates salary growth rate along with roi to come up with net worth at retirement. Most compound interest calculators just have u enter a level amount that will never change over the entire compounding period. Most people will see their wages grow at ...
by pcola2234
Sat May 26, 2012 11:58 am
Forum: Investing - Help with Personal Investments
Topic: Plz help me make this formula a free droid app/excel program
Replies: 4
Views: 500

Re: Plz help me make this formula a free droid app/excel pro

im just not too familiar with programming in excel, i can write formulas into it all day
its just protecting it and making it in the style of some of the stuff that's been done
here on bogleheads like the backtesting program and the stuff from analyzenow that
i dont know how to do
by pcola2234
Sat May 26, 2012 11:17 am
Forum: Investing - Help with Personal Investments
Topic: Plz help me make this formula a free droid app/excel program
Replies: 4
Views: 500

Plz help me make this formula a free droid app/excel program

I learned a formula for calculating net worth at retirement in class which includes more than just what your ROI is, I wrote a program for my TI-84 but was hoping someone on bogleheads could help me either create a neat and simple program in excel or an android app (to avoid the $100 programmer fee ...
by pcola2234
Fri Apr 13, 2012 8:59 pm
Forum: Personal Consumer Issues
Topic: What's your college ROI?
Replies: 47
Views: 6168

Re: What's your college ROI?

If you got paid to go to college through a stipend what's your ROI? N/A? Should we consider opportunity cost?
by pcola2234
Wed Apr 11, 2012 2:07 pm
Forum: Personal Consumer Issues
Topic: SAT tutor vs. self study
Replies: 22
Views: 1412

Re: SAT tutor vs. self study

I got some help from my high school English teacher which shot up my verbal score 70 points. I'd look at a vocab book to study words and practice reading the passages very quickly. Also memorizing all the grammar rules and making sure your writing score is above 700 is the fastest way to improve the...
by pcola2234
Tue Apr 10, 2012 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Pay down Mortgage or invest in 529
Replies: 29
Views: 2539

Re: Pay down Mortgage or invest in 529

Retirement funds in a 401k or IRA as well as home equity are NOT considered assets for the purposes of financial aid calculation on the FAFSA, whereas Im pretty sure 529s count. Therefore you should put away the max towards retirement and home equity first before anything else. A 529 will count agai...
by pcola2234
Sat Apr 07, 2012 12:10 am
Forum: Investing - Help with Personal Investments
Topic: Is Backdoor Roth with 115k AGI even good with large IRA?
Replies: 2
Views: 549

Is Backdoor Roth with 115k AGI even good with large IRA?

So my parents have around $115,000 in AGI this year and don't qualify at all to deduct a spousal traditional IRA contribution from their AGI. They make below $170,000 so they're eligible for a Roth spousal contribution I believe, mom has already made her Roth contribution (she works). Dad's retired ...
by pcola2234
Sun Mar 04, 2012 7:52 pm
Forum: Investing - Help with Personal Investments
Topic: Best brokerage for the computer illiterate
Replies: 16
Views: 1145

Re: Best brokerage for the computer illiterate

This person doesn't walk very well or drive very much, that's why I don't think he'll be going to any local branches anytime soon. Schwab has a rep in our area I think. I believe he has a relatively small account with TD Ameritrade, and they might have an office locally. I feel like I know very litt...
by pcola2234
Sun Mar 04, 2012 7:39 pm
Forum: Investing - Help with Personal Investments
Topic: Best brokerage for the computer illiterate
Replies: 16
Views: 1145

Re: Best brokerage for the computer illiterate

I know they use vanguard for at least some of their investments, but to my knowledge this person's interaction with their broker takes place completely over the telephone. He never goes into the office for anything. To answer the question directly, probably Edward Jones, Wells Fargo, and Morgan Stan...
by pcola2234
Sun Mar 04, 2012 7:27 pm
Forum: Investing - Help with Personal Investments
Topic: Best brokerage for the computer illiterate
Replies: 16
Views: 1145

Best brokerage for the computer illiterate

Bogleheads, I know someone who has a relatively large amount (I think in the low 7 figure range) who wants to switch from the full service brokerage model offered by Wells Fargo Advisors to something else. I've read on the site here that Wells Trade is a very good platform to use if you are able to ...
by pcola2234
Thu Feb 09, 2012 12:49 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Ascensus 401K plan - Opinions
Replies: 21
Views: 5068

Re: Vanguard Ascensus 401K plan - Opinions

This is a load of high-handed nonsense. To decide that everyone should invest a certain way is ridiculous and snobbish. The fact that SOME people like the total market approach does not mean that there should be any attempt to force others to do so. The RESPONSIBLE thing is to provide a variety of ...
by pcola2234
Tue Feb 07, 2012 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Use or save HSA?
Replies: 32
Views: 4034

Re: Use or save HSA?

what happens to money that grows over a long period of time in an HSA? Can it ever be converted to another type of retirement account like an IRA?
Or can you use the money to pay for medical expenses of family members?
by pcola2234
Mon Feb 06, 2012 1:38 am
Forum: Investing - Theory, News & General
Topic: high fee endowment fund attacked
Replies: 1
Views: 332

high fee endowment fund attacked

Check out this interesting opinion article on University of Florida's endowment fund and its fee structure, might be of some interest to Bogleheads
who are considering donating money to their alma mater

http://www.alligator.org/opinion/column ... 3ce6c.html
by pcola2234
Sat Feb 04, 2012 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Boss is Giving Me His Life Insurance/Annuity Business
Replies: 12
Views: 1728

Re: Boss is Giving Me His Life Insurance/Annuity Business

Isn't it true that insurance and annuity businesses are worth almost nothing as most revenue has already been realized on the front end of the sale. Paying any kind of top dollar for the business would be a bad decision. For example, if the $4 million in products generated 5% commissions every year ...
by pcola2234
Fri Feb 03, 2012 6:28 pm
Forum: Investing - Theory, News & General
Topic: Simba's backtesting spreadsheet [a Bogleheads community project]
Replies: 1018
Views: 567385

Re: Spreadsheet for backtesting (includes TrevH's data)

Random question,

If a financial advisor used this in his or her practice instead of the software one has to pay thousands a year for, would you think that right or wrong?

Do you think that person should have to pay a fee to bogleheads or at least a donation?

just curious
by pcola2234
Fri Feb 03, 2012 6:22 pm
Forum: Investing - Help with Personal Investments
Topic: how to simulate portfolio performance
Replies: 8
Views: 1277

Re: how to simulate portfolio performance

bogleheads you rock!

Thanks so much for all this great advice,

I can't believe how detailed the excel spreadsheet is by TrevH either, that program he wrote is amazingly useful.

These other websites look pretty good too
by pcola2234
Fri Feb 03, 2012 2:08 pm
Forum: Investing - Help with Personal Investments
Topic: how to simulate portfolio performance
Replies: 8
Views: 1277

Re: how to simulate portfolio performance

Basically putting $1000 in 60% Vanguard 500 Index Fund and 40% Vanguard Total Bond Fund and looking at a chart showing 20 year performance, with any extra characteristics of the portfolio i can get such as sharpe ratio, thats just an idea, basically id like a way to show some of my friends the hypot...
by pcola2234
Fri Feb 03, 2012 12:08 pm
Forum: Investing - Help with Personal Investments
Topic: how to simulate portfolio performance
Replies: 8
Views: 1277

how to simulate portfolio performance

Bogleheads, I'm going to be working in a few short months and am busy enjoying the last moments of college. However, I'd like to learn how to model performance of a portfolio over time with some sort of software, say Morningstar or something like that. I know financial advisors often have software t...
by pcola2234
Sat Jan 28, 2012 10:43 am
Forum: Investing - Help with Personal Investments
Topic: Recommended Questions to Ask about 403b? (Update)
Replies: 12
Views: 1860

Re: Recommended Questions to Ask about 403b? (Update)

I would suggest that you consider the following: Black Rock Equity Dividends Fund - Expense ration 1.04 First Eagle Overseas Fund - Expense ratio 1.17 Pimco Total Return Fund - Expense ratio 0.75" That's funny about the Pimco Total Return Fund, I think my mom has that in her 403b, and it's THE...
by pcola2234
Fri Jan 27, 2012 2:57 pm
Forum: Investing - Theory, News & General
Topic: Should Vanguard disclose executive compensation?
Replies: 52
Views: 4340

Re: Should Vanguard disclose executive compensation?

Sure you can get to $50 million at $750k a year pretty easily. Bogle was with Vanguard from the beginning in the mid seventies. Let's say he made that $750,000 salary all the way through (not true obviously but just for argument's sake). If he invested $500k a year for 25 years getting 10% interest ...
by pcola2234
Fri Jan 27, 2012 2:24 pm
Forum: Investing - Theory, News & General
Topic: Should Vanguard disclose executive compensation?
Replies: 52
Views: 4340

Re: Should Vanguard disclose executive compensation?

this is a total guess, but if you read Enough by Bogle he said that he is not a centimillionaire, and considering how frugal he seems to be I would guess that his salary when he was CEO was mid to high 6 figures. If I had to guess on the comp of the top execs, I'm thinking maybe $300,000, and no mor...
by pcola2234
Fri Jan 13, 2012 12:45 pm
Forum: Investing - Theory, News & General
Topic: Net Worth by Age [and plot]
Replies: 152
Views: 11460

Re: Net Worth by Age [and plot]

Why aren't annuity and whole life salesmen posting on the bogleheads forum for customers? It seems like if they could get even one of you they'd have made a decent annual salary
by pcola2234
Wed Jan 11, 2012 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Found $100 Bill at Walmart
Replies: 161
Views: 14243

Re: Found $100 Bill at Walmart

That's impossible, if it was really a $100 bill it wouldn't have been on the floor, or at least that's what my economics textbook taught me :lol:
by pcola2234
Wed Jan 11, 2012 7:06 pm
Forum: Investing - Help with Personal Investments
Topic: 19 (now 20 years old) 100% stocks AA review
Replies: 52
Views: 4187

Re: 19 (now 20 years old) 100% stocks AA review

OP, How were you able to have a Roth eligible contribution as a teen? Part time work in family small business or work on the side? Just curious as I got dinged for making a Roth contribution from taxable scholarship money above the cost of attendance at college. Also, How do you have access to a 403...
by pcola2234
Wed Dec 07, 2011 5:39 pm
Forum: Investing - Theory, News & General
Topic: Burton Malkiel's New WSJ Op-Ed Article
Replies: 66
Views: 8319

Re: Burton Malkiel's New WSJ Op-Ed Article

If Suze Orman said we should buy more dividend paying stocks, I discount her advice as entertainment. Nisiprius asked if bank interest rates dropped do we buy more lotto tickets. Technically isn't the answer yes in terms of substituting away from the less attractive option to the relatively more att...
by pcola2234
Wed Dec 07, 2011 8:41 am
Forum: Investing - Theory, News & General
Topic: Burton Malkiel's New WSJ Op-Ed Article
Replies: 66
Views: 8319

Re: Burton Malkiel's New WSJ Op-Ed Article

An official from the Fed told me that they were deliberately trying to manipulate the yield curve to make it so unattractive to be in US govt debt that all the old ladies out there would take their money and put it in dividend paying blue chip companies. That would allow the Fed to indirectly financ...
by pcola2234
Wed Nov 16, 2011 2:33 pm
Forum: Investing - Theory, News & General
Topic: Why is Vanguard listed as an executive pay enabler?
Replies: 92
Views: 7445

Re: Why is Vanguard listed as an executive pay enabler?

Ooooh, wow I misread the report , thanks for clarifying, I wonder why they dont push harder then
by pcola2234
Wed Nov 16, 2011 2:13 pm
Forum: Investing - Theory, News & General
Topic: Why is Vanguard listed as an executive pay enabler?
Replies: 92
Views: 7445

Re: Why is Vanguard listed as an executive pay enabler?

Do u think that the directors trust vanguard employees to be fair? Could that b a reason the directors agree w pay proposals so much
by pcola2234
Wed Nov 16, 2011 1:55 pm
Forum: Investing - Theory, News & General
Topic: Why is Vanguard listed as an executive pay enabler?
Replies: 92
Views: 7445

Re: Why is Vanguard listed as an executive pay enabler?

and the article i got the quotes from is

http://www.prnewswire.com/news-releases ... 86333.html

google vanguard excessive executive compensation to find more
by pcola2234
Wed Nov 16, 2011 1:54 pm
Forum: Investing - Theory, News & General
Topic: Why is Vanguard listed as an executive pay enabler?
Replies: 92
Views: 7445

Why is Vanguard listed as an executive pay enabler?

This study that was published by the AFSCME public employees union on executive pay by mutual fund companies has been bothering me lately. In it is says "The mutual fund industry's four greatest "Pay Enablers," reported as most consistently enabling runaway CEO pay, were Vanguard, Bla...
by pcola2234
Tue Nov 08, 2011 4:47 pm
Forum: Investing - Help with Personal Investments
Topic: 401k or Roth 401k
Replies: 1
Views: 347

401k or Roth 401k

So I'm in my early twenties and have a choice between a 401k and a Roth 401k at work, probably will make in the mid 50s first couple years, if im lucky potentially making low six figures when im in my thirties, ive heard that a Roth 401k is better if you start at a young age because the tax bite is ...
by pcola2234
Sun Oct 16, 2011 9:43 am
Forum: Investing - Theory, News & General
Topic: How are you doing YTD?
Replies: 68
Views: 4729

Down 4.86%, 100% equities with tilt towards small, value, emerging markets, reits, intl small cap, guess that's not too bad at all
by pcola2234
Fri Oct 07, 2011 10:42 am
Forum: Personal Consumer Issues
Topic: math major
Replies: 61
Views: 5265

I think being an actuary is a great career for someone who really likes taking tests, doesnt mind solitary work for a large part of the day, and likes to solve problems working with computers i was a math/econ major before switching to stats/econ all math courses above diffy q/calc 3 is proof based,...
by pcola2234
Wed Sep 21, 2011 9:04 pm
Forum: Investing - Theory, News & General
Topic: Q For Rick Ferri
Replies: 56
Views: 9253

Rick Ferri, or anyone else that feels good on commenting on this, Does that mean that your original recommendation of 60 Total Bond, 20 TIPS, and 20 with high yield bond fund is still what you would recommend for the fixed income allocation? It seems like interest rates have nowhere to go but up whi...
by pcola2234
Mon Sep 19, 2011 12:39 pm
Forum: Investing - Help with Personal Investments
Topic: How can I find out what % of state pension assets r indexed?
Replies: 1
Views: 312

How can I find out what % of state pension assets r indexed?

I read Rick Ferri's link to the article about Florida's pension plan being 50% active and 50% passive, with the active part significantly underperforming due to expenses and fees over the last decade, costing the state of Florida hundreds of millions of dollars at least. I thought about doing a seni...
by pcola2234
Tue Aug 30, 2011 9:09 am
Forum: Investing - Help with Personal Investments
Topic: REITs, EM in Simplified Ultimate buy and hold
Replies: 1
Views: 809

REITs, EM in Simplified Ultimate buy and hold

So I have been trying to find this in the discussion by Trev H for a while now and can't seem to locate my question. I agree with the analysis that US large, US small cap value, Intl Large Cap Value, and Intl Small is a sufficient alternative to the more complicated strategy selected by fundadvice.c...