Search found 694 matches

by KlingKlang
Thu Oct 18, 2018 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Kids & Money
Replies: 5
Views: 868

Re: Kids & Money

The most important thing to keep in mind is that 99% of what your children will learn about money (and most other things) is from observing the way that you treat it and not from what you say to them about it. My wife and I always treated money with the utmost respect. I remember when my daughter wa...
by KlingKlang
Thu Oct 18, 2018 5:42 pm
Forum: Investing - Help with Personal Investments
Topic: US Large Value or Int'l Small for the long term
Replies: 8
Views: 621

Re: US Large Value or Int'l Small for the long term

I'm curious how you arrived at those two choices.

My crystal ball is cracked so I have no idea which will do better over the next 20 - 30 years. I would expect International Small to be the more volatile choice.
by KlingKlang
Thu Oct 18, 2018 5:24 pm
Forum: Investing - Theory, News & General
Topic: Forever Stamps as an Investment?
Replies: 32
Views: 3564

Re: Forever Stamps as an Investment?

sport wrote:
Thu Oct 18, 2018 4:10 pm
If the OP really wants to do this, Costco sells forever stamps at a small discount.
You have to buy them in packets of 100. Plus you get a 2% rebate on your Costco Citi VISA card (in the form of a annual rebate check usable at Costco).
by KlingKlang
Sun Oct 14, 2018 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Need guidance on charting next life steps
Replies: 27
Views: 2037

Re: Need guidance on charting next life steps

kurious wrote:
Sun Oct 14, 2018 2:14 am
If I don't get a work permit next year, I will need to leave the country in July.
Please leave the country.

Of all of the scores of 401(k) workers that I have tried to mentor over the years the only positive outcome was from a person who is now voluntarily working from back in India.
by KlingKlang
Sun Oct 14, 2018 6:56 pm
Forum: Personal Consumer Issues
Topic: Failing Updates With Windows 7 Professional
Replies: 16
Views: 754

Re: Failing Updates With Windows 7 Professional

TheAccountant wrote:
Sun Oct 14, 2018 6:46 pm
Never understood why people are so afraid to update their software.
You lose the ability to run useful applications that you have paid for.
by KlingKlang
Thu Oct 04, 2018 2:50 pm
Forum: Personal Consumer Issues
Topic: Signing up for medicare
Replies: 20
Views: 1121

Re: Signing up for medicare

Wife turns 65 in one month. Signup for Medicare A and Medicare B online went smoothly. Also signed up for a Humana Medicare Advantage plan with no problems. Trying to schedule the switchover from ACA to Medicare is about as painful as I expected it to be, the nice folks at Healthcare.gov have alread...
by KlingKlang
Mon Oct 01, 2018 4:50 pm
Forum: Personal Consumer Issues
Topic: New Apartment, city noise
Replies: 43
Views: 3279

Re: New Apartment, city noise

Noise cancelling headphones or earbuds might be worth a try.
by KlingKlang
Sat Sep 29, 2018 10:17 am
Forum: Investing - Help with Personal Investments
Topic: Rolling over 401k without being "out of the market"?
Replies: 6
Views: 398

Re: Rolling over 401k without being "out of the market"?

Many companies will not allow you to keep 401(k) plans with less than $5000 in them after you leave, so double check the $6k half vested plan. Typically plans do not continue to vest after you stop being employed with that company. Unless the old plans have outstanding investment options not availab...
by KlingKlang
Fri Sep 28, 2018 9:47 am
Forum: Personal Finance (Not Investing)
Topic: New Relationship - Best way to handle finances?
Replies: 92
Views: 6752

Re: New Relationship - Best way to handle finances?

What's in it for you, OP? Sex? :shock: Seriously, for a man who has been out of circulation for years and was never a Don Juan to begin with this can be a big deal. There are no lack of women out there who make it very clear that if they will be staying the night the guy will be picking up all the ...
by KlingKlang
Fri Sep 28, 2018 9:29 am
Forum: Investing - Help with Personal Investments
Topic: Need some advice getting started at 34yo (updated 10/21/2018)
Replies: 20
Views: 3082

Re: Need some advice getting started at 34yo

Just one detail that I noticed: Existing 401K from prior employers are as follows: #1: $47,000 #2: $9,500 #3: $2,000 Regarding 401(k) #3, many companies will not allow former employees to keep a 401(k) with a balance under $5000. Unless these old plans have some incredible investment options not ava...
by KlingKlang
Thu Sep 27, 2018 10:15 am
Forum: Investing - Help with Personal Investments
Topic: investment advice
Replies: 6
Views: 593

Re: investment advice

dickeyriverbed wrote:
Wed Sep 26, 2018 9:03 pm
fund my ROTH IRA ($5500 yearly).
retiredjg alluded to it, but I wanted to explicitly state that in order to contribute $5500 a year to an IRA you and/or your spouse must have that much in earned income - money from a paycheck.
by KlingKlang
Thu Sep 27, 2018 9:36 am
Forum: Investing - Theory, News & General
Topic: Is high inflation a good thing while working?
Replies: 40
Views: 2703

Re: Is high inflation a good thing while working?

In reality I’d wager wage growth lags. Absolutely. Our engineers' union was screaming about this in the early 1980s because inflation was close to double digit but the contract limited cost of living raises to 6%. Salary caps increased at the same 6% so that senior engineers at the top of their pay...
by KlingKlang
Wed Sep 26, 2018 10:36 am
Forum: Investing - Theory, News & General
Topic: Social Security and Asset Allocation
Replies: 50
Views: 4955

Re: Social Security and Asset Allocation

Rather than trying to turn your Social Security Benefit into part of your bond allocation, I think that it is more useful to consider that the income you receive from SS will reduce the cash flow that your financial assets need to generate. After that you can determine the best asset allocation for ...
by KlingKlang
Sun Sep 23, 2018 10:12 am
Forum: Personal Consumer Issues
Topic: Minimalist Lifestyle
Replies: 80
Views: 8697

Re: Minimalist Lifestyle

I've lived out of a suitcase for up to three months at a time when working overseas, but in those cases the hotels were providing laundry service, bedding, towels, soap. shampoo, and a coffee pot while company cafeterias and restaurants took care of the food preparation. To be truly minimalist I thi...
by KlingKlang
Wed Sep 19, 2018 10:03 am
Forum: Investing - Theory, News & General
Topic: "7 Retirement-Portfolio Withdrawal Mistakes to Avoid"
Replies: 13
Views: 2208

Re: "7 Retirement-Portfolio Withdrawal Mistakes to Avoid"

All reasonable points, but perhaps too much emphasis on calculations and not enough on monitoring actual results. Sort of like asking how medieval architects could build those high cathedral walls without computers to do the finite element analysis. The answer is to hang a plumb line from the top an...
by KlingKlang
Mon Sep 17, 2018 9:19 am
Forum: Investing - Theory, News & General
Topic: Unchanging opinions
Replies: 25
Views: 2274

Re: UNCHANGING OPINIONS

It is difficult to evaluate the results of this 'study' without any details on what type of information was being presented. For example, if last night's weather report said that it would start raining at 3:00 pm today and this morning's changed that to 11:00 am I would certainly incorporate the new...
by KlingKlang
Sat Sep 15, 2018 5:02 pm
Forum: Investing - Help with Personal Investments
Topic: Staying with the old platform Mutual Funds
Replies: 12
Views: 1259

Re: Staying with the old platform Mutual Funds

As a fellow flagship investor all of my messages to my flagship representative stating 'I wish to perform _______ actions and still remain on the old platform' have been responded to positively without a request for extra fees. In my opinion if Vanguard decides that it is becoming too expensive to m...
by KlingKlang
Mon Sep 10, 2018 3:38 pm
Forum: Investing - Help with Personal Investments
Topic: Between these two index funds - which one is best?
Replies: 9
Views: 1326

Re: Between these two index funds - which one is best?

Both of these are excellent funds. Vanguard Institutional 500 Index Trust holds only large cap US stocks. Vanguard Institutional Total Stock Market Index Trust holds large, mid, and small cap US stocks. Over any particular period of time one will do slightly better than the other but long term their...
by KlingKlang
Mon Sep 10, 2018 6:59 am
Forum: Investing - Theory, News & General
Topic: Why Bull Markets Are Dangerous
Replies: 152
Views: 19169

Re: Why Bull Markets Are Dangerous

That kind of everyday euphoria was pretty apparent in bitcoin last year. Still have not seen it in stocks just yet. I felt the market euphoria in January this year and everyone was saying that there was no euphoria. I did not do anything as I was vacationing in Mexico. For me the January 2 - 26 run...
by KlingKlang
Sun Sep 09, 2018 6:58 pm
Forum: Investing - Theory, News & General
Topic: Why Bull Markets Are Dangerous
Replies: 152
Views: 19169

Re: Why Bull Markets Are Dangerous

That kind of everyday euphoria was pretty apparent in bitcoin last year. Still have not seen it in stocks just yet. I felt the market euphoria in January this year and everyone was saying that there was no euphoria. I did not do anything as I was vacationing in Mexico. For me the January 2 - 26 run...
by KlingKlang
Sat Sep 08, 2018 9:53 am
Forum: Investing - Help with Personal Investments
Topic: Helping my dad with his IRA
Replies: 16
Views: 1280

Re: Helping my dad with his IRA

Hi My dad who is 71yrs old has $159,000 in IRA CD in a local bank. It earns 1.8%. I'm wondering if there is a better option out there for him. He wants to make sure he preserves the money but it would be nice if it could earn more than 1.8%. Does anyone have any ideas? See what the rules are for te...
by KlingKlang
Wed Sep 05, 2018 4:23 pm
Forum: Investing - Help with Personal Investments
Topic: Purchasing annuity for wife
Replies: 21
Views: 2235

Re: Purchasing annuity for wife

Another option might be a life insurance policy on you that converts into an annuity for her if you die before her. In any case there still needs to be a plan in place to handle the remainder of your after tax and retirement assets. I don't know if you can contract with a financial advisor to step i...
by KlingKlang
Fri Aug 31, 2018 5:45 pm
Forum: Investing - Help with Personal Investments
Topic: Evaluate Vanguard's Proposed Plan for my portfolio
Replies: 22
Views: 2250

Re: Evaluate Vanguard's Proposed Plan for my portfolio

Facts: Single, 35, mortgage ~250k, no other debts, annual income ~170k, savings ~60k, max contribution to 401k Current Allocation : 98% Stocks, 2% Bonds Proposed Allocation : 90% Stocks, 10% Bonds Fund Current Proposed Plan Vanguard 500 Index Fund Admiral Shares $213,169 $96,488 Vanguard Tax-Manage...
by KlingKlang
Fri Aug 24, 2018 6:16 pm
Forum: Personal Consumer Issues
Topic: Is it worth chasing down this $10 fee?
Replies: 38
Views: 3128

Re: Is it worth chasing down this $10 fee?

Chalk it up as a learning experience and don't use the newish online payment method anymore. If it makes you feel better post on social media that this newish online payment method is a rip off.
by KlingKlang
Wed Aug 15, 2018 9:44 am
Forum: Personal Finance (Not Investing)
Topic: In Retirement [How should finances be handled?]
Replies: 2
Views: 517

Re: In Retirement [How should finances be handled?]

The way we have been doing it is withdrawing from each of our individual TIRA accounts proportionally using the account balances. If you want to be "fair" your method is fine. Assuming that neither of you is required to make Required Minimum Distributions (RMDs) you may want to withdraw more from t...
by KlingKlang
Sat Aug 11, 2018 6:53 pm
Forum: Investing - Help with Personal Investments
Topic: “Safe” investment approaching retirement
Replies: 17
Views: 1852

Re: “Safe” investment approaching retirement

I did have a substantial portion of my retirement funds in Vanguard Short-Term Investment-Grade Fund (VFSUX) during the crash, and I bailed in October 2008 because I hadn't anticipated losing that much money in a short term bond fund. It recovered quickly after that of course. You have to evaluate y...
by KlingKlang
Sat Aug 11, 2018 3:49 pm
Forum: Investing - Theory, News & General
Topic: New CD Rates
Replies: 23
Views: 4774

Re: New CD Rates

My mother, who is one of those with a big chunk of the portfolio in treasuries paying 7.5%, Where can I get some treasuries paying 7.5%? Hop in your DeLorean and go back to November 1994. Better would be February 1995 when you could get 7.625%. As far as current CDs 2.60% 12 month at PurePoint soun...
by KlingKlang
Thu Aug 09, 2018 8:38 am
Forum: Investing - Help with Personal Investments
Topic: Total Stock and Total Bond Market(s) at Vanguard
Replies: 29
Views: 4758

Re: Total Stock and Total Bond Market(s) at Vanguard

Total Stock Market and Total Bond Market at Vanguard do not cover all equities and bond holdings but they do cover a large, representative sample of them. Some investments, such as US Treasury Inflation Protected Securities, are absent. There are various views on whether overweighting in certain cat...
by KlingKlang
Wed Aug 01, 2018 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: DW job in dangerous area
Replies: 90
Views: 7095

Re: DW job in dangerous area

ddurrett896 wrote:
Wed Aug 01, 2018 4:03 pm
But a gun, learn how to shoot, carry the gun.
I'm an NRA Life Member but I don't have a concealed carry permit for my state. Without the correct mental attitude having a handgun available may be worse than useless. Also you cannot concealed carry in prohibited areas like schools.
by KlingKlang
Mon Jul 30, 2018 9:21 am
Forum: Personal Consumer Issues
Topic: Kitchen sink (faucet)
Replies: 10
Views: 958

Re: Kitchen sink (faucet)

While it doesn't completely solve the problem, an economical improvement is to install insulated foam tubes on the hot water pipes between your tank and the sink.
by KlingKlang
Fri Jul 27, 2018 4:53 pm
Forum: Investing - Help with Personal Investments
Topic: Payroll Issues
Replies: 20
Views: 1211

Re: Payroll Issues

The only thing that I can think of is that someone was playing around with the payroll database, mistakenly raised your gross pay by $25, then cut your net pay by $25 as a quick and dirty fix. Income taxes wise this should all work out when you file your returns, but you may get stuck with a higher ...
by KlingKlang
Fri Jul 27, 2018 10:10 am
Forum: Investing - Help with Personal Investments
Topic: Help With Beneficiaries: Single, No Children, Two Siblings
Replies: 12
Views: 1307

Re: Help With Beneficiaries: Single, No Children, Two Siblings

For the vast majority of your financial assets beneficiary designations will work well. Just be sure to keep them up to date - even if you will not have a spouse and children your siblings may. You can bypass probate by using a trust, although if your only physical possession is a car that would be ...
by KlingKlang
Thu Jul 26, 2018 7:05 pm
Forum: Investing - Help with Personal Investments
Topic: Want to save more for retirement
Replies: 8
Views: 1935

Re: Want to save more for retirement

If your MAGI is above $199,000 you cannot make Roth IRA contributions directly but you can using a Backdoor Roth IRA https://www.rothira.com/what-is-a-backdoor-roth-ira . An option you may wish to consider for after-tax savings is United States Series I Savings Bonds. They pay interest at a fixed ra...
by KlingKlang
Mon Jul 23, 2018 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Mother-in-Law criticizing my wife over our recent house purchase
Replies: 38
Views: 3068

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

Is MIL angry because you didn't buy a house with a MIL suite?
by KlingKlang
Fri Jul 20, 2018 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Selling mom's house
Replies: 50
Views: 4248

Re: Selling mom's house

OP - I think the first thing you need to recognize is that you mom enabled your sister's behavior. It was unfair to the rest of you an IMO you have the right to be angry. However, you need to separate this from the financial decisions facing you and your responsible siblings. Don't cut off your nos...
by KlingKlang
Fri Jul 13, 2018 8:48 pm
Forum: Personal Consumer Issues
Topic: When does frugal cross the line to cheapskate?
Replies: 136
Views: 10332

Re: When does frugal cross the line to cheapskate?

My ex-MIL would order water at a restaurant with ice and extra lemon, then she would squeeze the lemons into the water and add sugar from the sugar packets on the table (or ask for sugar) and make what I would refer to as "cheapskate lemonade." I think that crosses the line to cheap and it always e...
by KlingKlang
Fri Jul 13, 2018 3:14 pm
Forum: Personal Consumer Issues
Topic: When does frugal cross the line to cheapskate?
Replies: 136
Views: 10332

Re: When does frugal cross the line to cheapskate?

When you are cheating someone else out of money rightfully due them because you are trying to hold on to your own money, then you’ve crossed the line to being miserly. I heard this somewhere recently: "If you go to a restaurant and don't leave a tip, that's cheap. If you skip the restaurant and mak...
by KlingKlang
Fri Jul 13, 2018 10:05 am
Forum: Investing - Help with Personal Investments
Topic: One Fund During Retirement?
Replies: 10
Views: 1036

Re: One Fund During Retirement?

Wellesley Admiral (VWIAX) currently has a SEC yield of 3.36% so that will give you about $20k/year from $600k. You can see the details of the latest distributions here https://investor.vanguard.com/mutual-funds/profile/distributions/vwiax Holding VWIAX in an after tax account may actually be more ta...
by KlingKlang
Mon Jul 09, 2018 4:01 pm
Forum: Personal Consumer Issues
Topic: Ruby Anniversary(40) - Pikes Peak & Estes Park
Replies: 15
Views: 1168

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

All great comments so far. Just a note that while we (60's couple) had no problems sleeping in Denver the altitude made it impossible for us to sleep in Estes Park. YMMV.
by KlingKlang
Sat Jul 07, 2018 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: No minimum for VTMSX in an IRA??? [Vanguard Tax-Managed Small Cap]
Replies: 3
Views: 469

Re: No minimum for VTMSX in an IRA??? [Vanguard Tax-Managed Small Cap]

I just tried a test transaction exchanging $1000 into VTMSX in my Roth IRA. It allowed the VTMSX fund but gave me an error message that I had to contribute the full $10,000 minimum amount.
by KlingKlang
Thu Jul 05, 2018 8:44 am
Forum: Personal Consumer Issues
Topic: Insurance company canceeling homeowners policy. Hell
Replies: 13
Views: 1730

Re: Insurance company canceeling homeowners policy. Hell

The first thing that I would do is to call your insurance agent and ask what's going on.

The second thing that I would do is start looking around for a new home insurance company.
by KlingKlang
Sun Jul 01, 2018 4:53 pm
Forum: Personal Consumer Issues
Topic: New car dealerships offering (included) lifetime warranties?
Replies: 13
Views: 1593

Re: New car dealerships offering (included) lifetime warranties?

The last time that I bothered to read through all 50 pages of fine print on one of these "lifetime nationwide warranties" I came away with the impression that the only thing that was actually covered was the entire engine block spontaneously disintegrating. Most of these warranties are power train ...
by KlingKlang
Sun Jul 01, 2018 3:08 pm
Forum: Personal Consumer Issues
Topic: New car dealerships offering (included) lifetime warranties?
Replies: 13
Views: 1593

Re: New car dealerships offering (included) lifetime warranties?

The last time that I bothered to read through all 50 pages of fine print on one of these "lifetime nationwide warranties" I came away with the impression that the only thing that was actually covered was the entire engine block spontaneously disintegrating. Why would the dealer offering this affect ...
by KlingKlang
Tue Jun 26, 2018 4:59 pm
Forum: Personal Consumer Issues
Topic: Family dynamics/in laws/am I being petty?
Replies: 143
Views: 7825

Re: Family dynamics/in laws/am I being petty?

Why not pick up the whole tab and make your SIL+BIL feel bad about it at the same time? That should make you feel good. This has been re-quoted so many times that I am getting flummoxed. Any of my relatives would exclaim: 'You're picking up the bill? Waiter, bring me a bottle of Dom Perignon!'.
by KlingKlang
Tue Jun 26, 2018 9:34 am
Forum: Personal Consumer Issues
Topic: Family dynamics/in laws/am I being petty?
Replies: 143
Views: 7825

Re: Family dynamics/in laws/am I being petty?

I would probably feel the same as the OP, but you have to pick your battles and this is definitely not something worth starting a family feud over. If you do decide to bring up the subject your wife should be the one to discuss it with her sibling. Don't involve her parents. I like mak1277 's sugges...
by KlingKlang
Mon Jun 25, 2018 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Purchasing an old home in an old suburban area; to what old-house specific issues should I pay attention
Replies: 21
Views: 1508

Re: Purchasing an old home in an old suburban area; to what old-house specific issues should I pay attention

Thinking back to the house built in 1951 that I grew up in the biggest problems were the gravity furnace, disintegrating cinder block foundation, uninsulated basement pipes that froze in the winter, and the do-it-yourself electrical and plumbing additions.
by KlingKlang
Fri Jun 22, 2018 8:15 am
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 209
Views: 22303

Re: Did you celebrate when you finally hit $1m?

It's just a number. While it may be a goal worth noting, it's a bit like driving across the border from Ohio to Indiana...the landscape will not have changed much--financially or otherwise. You really aren't much better off than you were at $990,000. I agree, and I have never driven between Ohio an...
by KlingKlang
Wed Jun 20, 2018 7:30 pm
Forum: Investing - Help with Personal Investments
Topic: Helping mom with inheritance. Help!
Replies: 13
Views: 1605

Re: Helping mom with inheritance. Help!

In this case the first thing that I would check is how much extra income she can earn without losing her eligibility for Section 8 housing assistance. This varies by location. If she has no experience with investing I would suggest using an all-in-one self balancing fund so that she doesn't have to ...
by KlingKlang
Wed Jun 20, 2018 2:28 pm
Forum: Personal Consumer Issues
Topic: 1st Car Mechanic service experience
Replies: 41
Views: 2615

Re: 1st Car Mechanic service experience

I always serviced my cars at dealerships and I always felt I was getting over charged. I have no interest for DIY car maintenance. I never knew of any reliable car mechanics so always used the car dealerships. Finally today, with the referral and strong recommendation of a co-worker, I took my 110k...