Search found 4644 matches

by Pajamas
Wed Apr 25, 2018 5:20 pm
Forum: Investing - Help with Personal Investments
Topic: Help with directing new monies
Replies: 1
Views: 41

Re: Help with directing new monies

Do you have any planned goals or expenses such as college for your children or is your focus on investing for retirement only?
by Pajamas
Wed Apr 25, 2018 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Another house budget question
Replies: 6
Views: 369

Re: Another house budget question

Renting sounds like a great deal. Why do you feel the need to buy a house in such a hot market?
by Pajamas
Wed Apr 25, 2018 4:03 pm
Forum: Personal Consumer Issues
Topic: Wedding - financial burden on couple and attendees
Replies: 21
Views: 826

Re: Wedding - financial burden on couple and attendees

I know it is up to them and they can do what they want - but in my minds eye it would be better to make Mexico the honeymoon/afterparty for those that wanted to go and instead do the wedding in a closer venue for those that want to attend. That is what has been suggested to me by quite a few relati...
by Pajamas
Wed Apr 25, 2018 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Allowances - Tax
Replies: 5
Views: 122

Re: Allowances - Tax

Wait, don't I just send them the money at the end of the year (or whenever I get my taxes done) if I didn't pay enough throughout the year? You can, but there might be penalties and interest for underpayment. There are ways to avoid that even if you do underpay. Read the information at the link pro...
by Pajamas
Wed Apr 25, 2018 2:53 pm
Forum: Personal Consumer Issues
Topic: Building/House Plans
Replies: 13
Views: 540

Re: Building/House Plans

The most important thing in this situation is to choose the right architect.
by Pajamas
Wed Apr 25, 2018 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Allowances - Tax
Replies: 5
Views: 122

Re: Allowances - Tax

It's hard to say if you should set it to 4 or 5 without knowing exactly how that will affect the amount withheld and the amount of overpayment, but there is no good reason to give the government an interest-free loan that increases in size until you get your refund. Some people do that as a way of f...
by Pajamas
Wed Apr 25, 2018 2:23 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with 500k?
Replies: 5
Views: 418

Re: What to do with 500k?

Here, this information will help: https://www.bogleheads.org/wiki/Managing_a_windfall Real estate is not very liquid, but it's difficult to make any recommendations without more context. For instance, you might be 22 with student debt and no job or you might be 80 and retired with plenty of income. ...
by Pajamas
Wed Apr 25, 2018 1:59 pm
Forum: Investing - Help with Personal Investments
Topic: Friend may have messed up Backdoor Roth - help please?
Replies: 6
Views: 239

Re: Friend may have messed up Backdoor Roth - help please?

Clever_Username wrote:
Wed Apr 25, 2018 1:53 pm
Is there anything he can do, or does he need to file amended taxes and miss out on the contribution for 2017?
No, he missed the deadline for 2017 and should refile.
by Pajamas
Wed Apr 25, 2018 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Is my computer obsolete?
Replies: 39
Views: 1685

Re: Is my computer obsolete?

I am guessing that the employer realized that you do not meet the legal requirements to be classified as SALARY, EXEMPT FROM OVERTIME, meaning that you are eligible for overtime pay and your time must be tracked by law to support overtime administration. The company I retired from realized that we ...
by Pajamas
Wed Apr 25, 2018 1:37 pm
Forum: Investing - Help with Personal Investments
Topic: 'mini retirement' then back to work - how to allocate?
Replies: 21
Views: 659

Re: 'mini retirement' then back to work - how to allocate?

I don't quite understand why you would shift to a "retirement" allocation if you are planning another career of 20-25 years. Will that career be unpaid or at least severely underpaid? Doesn't sound like you will be retired but simply taking a break from work. Makes more sense to me to keep the long-...
by Pajamas
Wed Apr 25, 2018 1:27 pm
Forum: Personal Consumer Issues
Topic: HOA won't help.
Replies: 15
Views: 956

Re: HOA won't help.

3) I could not attend the board meeting. Like I said, the president is holding all the information. He will not share all the board members' name and contact information. And never tells us when the board meeting is hold. And no minutes about the board meeting has been ever distributed. Find out wh...
by Pajamas
Wed Apr 25, 2018 1:20 pm
Forum: Personal Consumer Issues
Topic: Payment for Medical Device
Replies: 9
Views: 384

Re: Payment for Medical Device

Ok, I guess since it is only $24 then I probably would have just paid it since the deductible is not at issue. As long as the maintenance contract is in place and they would be willing to accept the equipment and refund the prepaid copayments, it shouldn't matter that much. Your credit card informat...
by Pajamas
Wed Apr 25, 2018 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Is my computer obsolete?
Replies: 39
Views: 1685

Re: Is my computer obsolete?

It's a new thing the president of the company just implemented a month ago. We're salaried, but we now have to clock in within two minutes of our scheduled start time (for me, that's 7:30) or we get "written up" (whatever that means) and we are no longer allowed to leave even one minute before our ...
by Pajamas
Wed Apr 25, 2018 12:36 pm
Forum: Personal Consumer Issues
Topic: HOA won't help.
Replies: 15
Views: 956

Re: HOA won't help.

You said you have not sent certified letters to the management company and the board notifying them of the hazard and asking them to remedy it. That should be your next step. You might also send a copy to the HOA's insurance company. You probably have a legal right to the names of the board members....
by Pajamas
Wed Apr 25, 2018 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Is my computer obsolete?
Replies: 39
Views: 1685

Re: Is my computer obsolete?

You should be cautious about keeping financial information on a machine with a significantly outdated operating system, especially someone else's financial information. You should seriously consider upgrading to Windows 10 regardless of whether you like it better or not because it is generally ackno...
by Pajamas
Wed Apr 25, 2018 12:27 pm
Forum: Investing - Help with Personal Investments
Topic: 26 Year Old Asking For Advice
Replies: 6
Views: 544

Re: 26 Year Old Asking For Advice

Should I just go for it and contribute 3k a month to my 2 fund portfolio? As others have said, more information is needed to say with any certainty, but based only on the information you provided and assuming that your mortgage rate is low and your investments are in a tax-deferred account, that's ...
by Pajamas
Wed Apr 25, 2018 12:11 pm
Forum: Personal Consumer Issues
Topic: Payment for Medical Device
Replies: 9
Views: 384

Re: Payment for Medical Device

I would have asked my medical insurance company for assistance in finding in-network provider for the durable medical equipment. Thanks for the suggestion. It turns out that this company is in-network. Then it's very likely that they have no right under the contract to demand a credit card number o...
by Pajamas
Wed Apr 25, 2018 11:38 am
Forum: Personal Finance (Not Investing)
Topic: how would you handle this--collecting life insurance
Replies: 10
Views: 512

Re: how would you handle this--collecting life insurance

Check your spam folder.

You could ask them to email you the forms while you're on the phone with them and confirm that you have received them before hanging up.

Does the letter contain any pertinent instructions or information?
by Pajamas
Wed Apr 25, 2018 10:47 am
Forum: Personal Finance (Not Investing)
Topic: FIRE and health insurance
Replies: 18
Views: 2514

Re: FIRE and health insurance

guyesmith wrote:
Wed Apr 25, 2018 10:36 am

It is a substitute for health insurance for Christians. Other faiths have these as well.
The Christian healthcare sharing ministries are NOT a substitute for health insurance coverage!
by Pajamas
Wed Apr 25, 2018 9:46 am
Forum: Personal Consumer Issues
Topic: Payment for Medical Device
Replies: 9
Views: 384

Re: Payment for Medical Device

I would have asked my medical insurance company for assistance in finding in-network provider for the durable medical equipment.
by Pajamas
Wed Apr 25, 2018 9:38 am
Forum: Personal Finance (Not Investing)
Topic: FIRE and health insurance
Replies: 18
Views: 2514

Re: FIRE and health insurance

Pennies compared to traditional insurance. For very good reasons! The Christian healthcare sharing ministries are NOT a substitute for health insurance coverage and I'm disturbed to see them recommended on Bogleheads as a replacement or alternative to insurance without at least mentioning some of t...
by Pajamas
Wed Apr 25, 2018 9:14 am
Forum: Personal Finance (Not Investing)
Topic: How far I am behind in retirement savings?
Replies: 50
Views: 2720

Re: How far I am behind in retirement savings?

Annual spending: $40K/yr (without big tickets such as a new used car I got last year that meant to last for 10 to 15 years) Big-ticket items such as a new used car should also be included in your spending, budgeting, and planning because you know that they will occur and to some degree they are not...
by Pajamas
Tue Apr 24, 2018 8:02 pm
Forum: Personal Consumer Issues
Topic: Nomadic lifestyle in their 50s
Replies: 61
Views: 5102

Re: Nomadic lifestyle in their 50s

Just want to point out that a net worth of $10 million is now apparently required. In addition to the initial cost of buying an apartment, there are significant ongoing costs related to operations, maintenance, and food & beverage. http://aboardtheworld.com/sites/default/files/Fine-Points-of-Ownersh...
by Pajamas
Tue Apr 24, 2018 7:55 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg article on lump sum vs dollar cost averaging
Replies: 70
Views: 4761

Re: Lump Sum Vs Dollar Cost Averaging

Earl Lemongrab wrote:
Tue Apr 24, 2018 6:59 pm
You always have a lump sum, the amounts already invested. People want to segregate that from "new" money, but there is no difference (other than capital gains).
This is an interesting way of thinking about it that never occurred to me, thanks!
by Pajamas
Tue Apr 24, 2018 4:02 pm
Forum: Investing - Help with Personal Investments
Topic: Annual percentage yields (APY)
Replies: 4
Views: 400

Re: Annual percentage yields (APY)

You could get 2.0% APY on a one year CD of $25k or more without even moving your money from Ally and a higher rate if you shop around.

https://www.ally.com/bank/cd-rates/
by Pajamas
Tue Apr 24, 2018 3:37 pm
Forum: Investing - Theory, News & General
Topic: Fun Money
Replies: 45
Views: 2563

Re: Fun Money

The people who put $900 or 5k or similar amounts into "fun" investments that didn't turn out to be winners still learned a lot from the experience, even if it only reinforced the merits of indexing vs. stock picking and market timing. Someone who read the annual reports and listened to earnings conf...
by Pajamas
Tue Apr 24, 2018 3:00 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg article on lump sum vs dollar cost averaging
Replies: 70
Views: 4761

Re: Lump Sum Vs Dollar Cost Averaging

I still think it's rare enough event for an average investor. Especially those who are trying not to time the market. If you're in the market all the time, then DCA vs lump sum debate should almost never come up. I think having a lump sum at one point or another during a lifetime is actually pretty...
by Pajamas
Tue Apr 24, 2018 1:55 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg article on lump sum vs dollar cost averaging
Replies: 70
Views: 4761

Re: Lump Sum Vs Dollar Cost Averaging

I know. That was my point. Most of the people who are still working are investing as soon as they can via 401k, regular contributions etc...Which is not true DCA since there is no lump sum do begin with. No choice really. Having a lump sum seems to be rare (lottery, house sale, inheritance) that an...
by Pajamas
Tue Apr 24, 2018 1:41 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg article on lump sum vs dollar cost averaging
Replies: 70
Views: 4761

Re: Lump Sum Vs Dollar Cost Averaging

220volt wrote:
Tue Apr 24, 2018 1:37 pm
Where does one get this "lump sum" - Lottery?
Sale of house or other physical asset
Sale of a stock or non-physical assets
Gift
Bonus from employer
Inheritance
Life insurance
Legal settlement
Lottery, racetrack, casino
Find stash of gold coins or other valuable items
&c.
by Pajamas
Tue Apr 24, 2018 1:38 pm
Forum: Investing - Theory, News & General
Topic: A Challenge To The 3 Fund Portfolio...The 2 Fund Portfolio
Replies: 30
Views: 2457

Re: A Challenge To The 3 Fund Portfolio...The 2 Fund Portfolio

How did a 1 fund portfolio of Total Stock Market compare to the 2 fund portfolio?
by Pajamas
Tue Apr 24, 2018 1:07 pm
Forum: Personal Consumer Issues
Topic: Kitchen features
Replies: 108
Views: 7255

Re: Kitchen features

My experience is 5+ years ago, when I frequently stayed at a resort where most of the condos had the Fisher & Paykel dishwasher drawers. Could just be the brand because someone I know with a Fisher & Paykel refrigerator had to have multiple repairs on it and there were some real design flaws, such ...
by Pajamas
Tue Apr 24, 2018 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Treasury yields climbing...tap the brakes on paying low interest student loans?
Replies: 5
Views: 680

Re: Treasury yields climbing...tap the brakes on paying low interest student loans?

I would compare after-tax to see if paying off the low-interest loan would be better than holding a safe investment such as treasuries. Twenty years is a long time and even if it is just near equivalent now, it might be greatly in your favor to hold the loan in the future. Of course, the difference ...
by Pajamas
Tue Apr 24, 2018 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Foreign home sale
Replies: 6
Views: 467

Re: Foreign home sale

I can't answer the question that you are asking, but have a few comments: Does that 3 year holding period to avoid capital gains taxes apply to houses or CDs or to other investments only? It's not 100% clear to me how or if it applies to your situation. 7% on a 3 year CD is the nominal return. You a...
by Pajamas
Tue Apr 24, 2018 12:34 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg article on lump sum vs dollar cost averaging
Replies: 70
Views: 4761

Re: Lump Sum Vs Dollar Cost Averaging

Fairly well-balanced article that relies on research, so much better than average.

My take from it is that lump sum is better unless you have a short horizon.

In that case, you shouldn't be investing in anything risky, anyway, but saving instead.
by Pajamas
Tue Apr 24, 2018 12:28 pm
Forum: Investing - Help with Personal Investments
Topic: How to invest what little retirement money is left at 85
Replies: 10
Views: 2183

Re: How to invest what little retirement money is left at 85

One thing to consider is paying off the equity line now, depending on the interest rate. That might be a good use of some of his invested funds even if he decides to sell his house. I would approach the overall situation from what his needs are and then let the financial planning support that. For i...
by Pajamas
Tue Apr 24, 2018 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Building a New Home (Talk me out of it!)
Replies: 57
Views: 3673

Re: Building a New Home (Talk me out of it!)

How much would it cost you to buy one of the houses adjacent to your current house and tear it down? Could be less than buying the $600k lot even if you also build an addition to your current house.
by Pajamas
Tue Apr 24, 2018 10:52 am
Forum: Investing - Theory, News & General
Topic: Fun Money
Replies: 45
Views: 2563

Re: Fun Money

100% indexing is a real snooze for me. Gambling is perceived very differently. To me, everyone dollar cost averaging at this time into DOW 26,000, 24,000 (mature bull run) is gambling in a lofty market. I will be picking up those shares from the retiring dollar cost averager's at DOW 12,000, NASDAQ...
by Pajamas
Tue Apr 24, 2018 10:47 am
Forum: Personal Consumer Issues
Topic: Have 2 cars keep both?
Replies: 8
Views: 405

Re: Have 2 cars keep both?

Keep one, sell one.
by Pajamas
Tue Apr 24, 2018 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Buying a home with water damage
Replies: 21
Views: 1672

Re: Buying a home with water damage

I was thinking something along these lines, as well tagging on 20-25% off for the headache of going through with this. Ideally, I would like the house inspected by two separate inspectors are well as a structural engineer of my choosing. In my neck of the woods, the total for such would be between ...
by Pajamas
Tue Apr 24, 2018 9:00 am
Forum: Personal Finance (Not Investing)
Topic: deposit IRS refund in estate or beneficiary account?
Replies: 4
Views: 311

Re: deposit IRS refund in estate or beneficiary account?

Since it's a refund on the estate tax return, I would deposit it in the estate account even though it probably doesn't matter in practice since you are the only beneficiary.
by Pajamas
Tue Apr 24, 2018 8:56 am
Forum: Investing - Help with Personal Investments
Topic: Investment Class/Group at Work
Replies: 12
Views: 800

Re: Investment Class/Group at Work

While it sounds like a good idea I would tend to avoid it because inevitably some aspects of personal assets will end up being discussed. I don't think it's a good idea to have a situation that encourages discussion of personal assets in the work environment. I don't have any problem with a passive...
by Pajamas
Tue Apr 24, 2018 8:41 am
Forum: Investing - Theory, News & General
Topic: Fun Money
Replies: 45
Views: 2563

Re: Fun Money

There seems to be some cognitive dissonance here. Can anybody explain this to me??? Am I missing something? How can the need to squeeze every penny out of your fund and obtain market returns be consistent with gambling 1/10th of your portfolio? Based on everything I’ve read and understand, you shou...
by Pajamas
Tue Apr 24, 2018 8:39 am
Forum: Personal Consumer Issues
Topic: Nomadic lifestyle in their 50s
Replies: 61
Views: 5102

Re: Nomadic lifestyle in their 50s

My point is that the money is not tied up. They cannot sell their home, put the proceeds in VTSAX and hope than 10 years from now they can purchase an equivalent home. They can't unless they want to run an unnecessary risk. They don't plan to buy an equivalent home at all. They plan to buy a home s...
by Pajamas
Mon Apr 23, 2018 6:59 pm
Forum: Personal Consumer Issues
Topic: Nomadic lifestyle in their 50s
Replies: 61
Views: 5102

Re: Nomadic lifestyle in their 50s

Wasn't SF housing market too expensive in 2008 ? Certainly the perfect time to cash in, as it looked ready to blow. It did blow and if you had sold back then you would be kicking yourself today for having missed on a ≥100% appreciation. Stock market has more than doubled since then, too. If you sol...
by Pajamas
Mon Apr 23, 2018 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: Salary Negotiation gone sour
Replies: 98
Views: 9540

Re: Salary Negotiation gone sour

Do most companies that rescind an offer tell you that you are an excellent candidate and they want to hire you for the next role that opens up? Not if they are only willing and/or able to offer you a salary that you already declined to accept twice. I would take that comment as something a nice per...
by Pajamas
Mon Apr 23, 2018 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Salary Negotiation gone sour
Replies: 98
Views: 9540

Re: Salary Negotiation gone sour

My experience from both sides, employee and hiring manager. Unless you are an exceptional candidate or the need is great. It is not so much a negotiation as it is, Offer -> Counter Offer -> Final Offer. The candidate only has their own decision to make. Companies are different. Once you start jerki...
by Pajamas
Mon Apr 23, 2018 5:26 pm
Forum: Personal Consumer Issues
Topic: Nomadic lifestyle in their 50s
Replies: 61
Views: 5102

Re: Nomadic lifestyle in their 50s

Niemanterry wrote:
Mon Apr 23, 2018 5:21 pm
I am a bit fascinated by the old guy who “lives” on a cruiseship. Some articles paint him as always on the ship. I came accross an interview with him. He moves around different ships within the same cruiseline.
There's always this:

http://aboardtheworld.com/

but not for $100k a year.
by Pajamas
Mon Apr 23, 2018 4:59 pm
Forum: Personal Consumer Issues
Topic: Nomadic lifestyle in their 50s
Replies: 61
Views: 5102

Re: Nomadic lifestyle in their 50s

You can travel all over the world very comfortably on $100k a year. Lots of people about your age do it for significantly less without adopting the standards of a young backpacker sleeping in hostels. If you are going to go nomad, carefully consider which state you choose as your home base for tax r...