Search found 486 matches

by KlingKlang
Mon Dec 11, 2017 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to live on one income?
Replies: 44
Views: 2753

Re: Can we afford to live on one income?

A couple of things that I haven't seen mentioned yet: As far as obtaining health insurance through your employer you will not only have to add your wife but your child as well. Employer provided family plans can range from almost nothing to over a $1000/month (plus deductibles and co-pays). I know t...
by KlingKlang
Mon Dec 11, 2017 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Question on meeting with at-fault ins agent for injury claim
Replies: 9
Views: 530

Re: Question on meeting with at-fault ins agent for injury claim

I had almost the same thing happen to me, my car was totaled in a collision that was the fault of the other driver. I had some fairly minor injuries (the worse being three broken bones in my foot). I reported everything to my State Farm insurance agent who I don't remember doing a lot. My company pa...
by KlingKlang
Sun Dec 10, 2017 6:47 pm
Forum: Investing - Theory, News & General
Topic: "The Modern Corporation and the Public Interest" by John C. Bogle
Replies: 13
Views: 957

Re: "The Modern Corporation and the Public Interest" by John C. Bogle

Very interesting reading, the concerns expressed by Mr. Bogle on corporate governance echo mine (He expresses his much more eloquently of course). The only problem that I have is with the proposed solution of having boards of directors be composed of the non-voting company CEO and the rest being ind...
by KlingKlang
Fri Dec 08, 2017 7:50 pm
Forum: Investing - Theory, News & General
Topic: Just not getting it
Replies: 66
Views: 6887

Re: Just not getting it

20 years ago you could have come up with a similar list of tech stocks (AOL, CPQ, DELL, GTW, HWP, LSOS, SGI, YHOO, XCIT) that had also far outperformed the market and were expected to keep going up forever. Until they didn't. Check out the Nifty Fifty stocks from the 1960's. Some are still doing wel...
by KlingKlang
Fri Dec 08, 2017 7:39 pm
Forum: Investing - Theory, News & General
Topic: Which is better: Wellesley or 5-yr 2.5% CD?
Replies: 51
Views: 3737

Re: Which is better: Wellesley or 5-yr 2.5% CD?

US Savings Bonds I Bonds are currently yielding 2.58% state and local tax free. That rate is not guaranteed but the bonds will never decline in value. $10,000/year plus $5000/year tax refund purchase limit.
by KlingKlang
Fri Dec 08, 2017 4:31 pm
Forum: Investing - Help with Personal Investments
Topic: help me predict investment return of my kid's IRA
Replies: 17
Views: 764

Re: help me predict investment return of my kid's IRA

With all due respect you are asking for a 43 year return projection for a fund that has been in existence for less than 6 years (01/19/2012). You can plug its 11.48% average annual return since inception into a compound interest calculator, but the chances of the result being correct to within an o...
by KlingKlang
Fri Dec 08, 2017 4:19 pm
Forum: Investing - Help with Personal Investments
Topic: help me predict investment return of my kid's IRA
Replies: 17
Views: 764

Re: help me predict investment return of my kid's IRA

With all due respect you are asking for a 43 year return projection for a fund that has been in existence for less than 6 years (01/19/2012). You can plug its 11.48% average annual return since inception into a compound interest calculator, but the chances of the result being correct to within an or...
by KlingKlang
Fri Dec 08, 2017 12:06 pm
Forum: Personal Consumer Issues
Topic: Please suggest a dry hands product
Replies: 82
Views: 3298

Re: Please suggest a dry hands product

Cetaphil moisturizing lotion. Fragrance free but does contain alcohol, pretty good as far as non-greasy . Costco used to have it on sale pretty frequently.
by KlingKlang
Fri Dec 08, 2017 11:48 am
Forum: Personal Finance (Not Investing)
Topic: At what age your investments start making more money than you?
Replies: 107
Views: 7141

Re: At what age your investments start making more money than you?

Age 44 in 1999. Combination of good year in the markets and being laid off for several months, so not really an exciting event. It did give me some reassurance that we weren't going to starve.
by KlingKlang
Thu Dec 07, 2017 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: What do Bogleheads say when they don't want to spend money?
Replies: 103
Views: 5282

Re: What do Bogleheads say when they don't want to spend money?

I'll make a side comment and say that as I've aged, I see frugality as potentially part of a controlling personality syndrome. Sometimes the frugal one in the family uses the value or frugality issue to control things in a way that is less unpleasant than confronting the real reason for certain dec...
by KlingKlang
Thu Dec 07, 2017 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: What do Bogleheads say when they don't want to spend money?
Replies: 103
Views: 5282

Re: What do Bogleheads say when they don't want to spend money?

To my wife or daughter: Do you think that's worth it?

To anyone else: I'm not interested.
by KlingKlang
Thu Dec 07, 2017 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: 33 years old, 13 years IT experience, currently make 63k a year. I need advice to start making more money
Replies: 76
Views: 6136

Re: 33 years old, 13 years IT experience, currently make 63k a year. I need advice to start making more money

It sounds like you are the IT Jack-of-All-Trades at your current company, are you actually doing much Systems Engineering or are you spending most of your time on support issues? According to Glassdoor the average IT salary in the US is $64,990. so you are really not doing that badly. There is a lot...
by KlingKlang
Tue Dec 05, 2017 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: Investing for long term care needs
Replies: 6
Views: 730

Re: Investing for long term care needs

There are a number of threads here on Continuing Care Retirement Communities, here's a recent one that has links to a number of others: https://www.bogleheads.org/forum/viewtopic.php?t=217290 One thing that struck me was that many of the more upscale communities have several year waiting lists, so t...
by KlingKlang
Sat Dec 02, 2017 10:43 am
Forum: Investing - Help with Personal Investments
Topic: I'm new and need some advice/guidance
Replies: 5
Views: 338

Re: I'm new and need some advice/guidance

First of all when you specify that you want "guaranteed interest" you are discussing saving and not investing. At the present time getting above 2% guaranteed interest requires you to commit your money for 5 years or more. https://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pag...
by KlingKlang
Fri Dec 01, 2017 4:40 pm
Forum: Investing - Help with Personal Investments
Topic: Savings Bond Question
Replies: 5
Views: 553

Re: Savings Bond Question

The inflation rate changes twice a year in May and November, but the composite rate for each I Bond rolls over every six month purchase anniversary. Here's the full data from Treasury Direct: https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds_iratesandterms.htm#compositerate Bas...
by KlingKlang
Fri Dec 01, 2017 4:08 pm
Forum: Investing - Theory, News & General
Topic: Filling up the Roth IRA first
Replies: 13
Views: 1157

Re: Filling up the Roth IRA first

I've noticed this topic alot on the forum and I had questions. How come you guys fill up the Roth IRA at the beginning of the year and then put the remainder in the taxable account? Why not just pay monthly into the Roth until it reaches contributions limits at the end of the year. Is there some ad...
by KlingKlang
Mon Nov 27, 2017 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Inspiration to Work After You've Already "Won"?
Replies: 17
Views: 1677

Re: Inspiration to Work After You've Already "Won"?

What do you do when your wife, mother, and mother-in-law all tell you "You're too young to retire!"? :annoyed Tell them they are too old to be handing out advice... I have to assume that you are single. BTW, this actually happened to me. The convention in our families is that men should work until ...
by KlingKlang
Mon Nov 27, 2017 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Inspiration to Work After You've Already "Won"?
Replies: 17
Views: 1677

Re: Inspiration to Work After You've Already "Won"?

What do you do when your wife, mother, and mother-in-law all tell you "You're too young to retire!"? :annoyed
by KlingKlang
Sun Nov 26, 2017 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: The fallacy of spending money on "experiences" vs hard assets
Replies: 336
Views: 17337

Re: The fallacy of spending money on "experiences" vs hard assets

Maybe you just haven't discovered the type of travel that appeals to you. My wife taught me to travel. We don't do cruises or amusement parks or package vacations, we go to learn about other cultures and other landscapes, and to challenge ourselves physically. Our trips bind us together and are amo...
by KlingKlang
Fri Nov 24, 2017 8:57 am
Forum: Investing - Help with Personal Investments
Topic: 3 fund vs target fund
Replies: 18
Views: 2197

Re: 3 fund vs target fund

I get a $28 dollar difference on $30,000, but it's still trivial. Another way of looking at this is could you go out and earn more than $28 after taxes in the time that it would take you to log in to Vanguard, check your three fund balances, calculate your rebalancing exchanges, and execute them ev...
by KlingKlang
Thu Nov 23, 2017 9:57 pm
Forum: Investing - Help with Personal Investments
Topic: 3 fund vs target fund
Replies: 18
Views: 2197

Re: 3 fund vs target fund

For $30,000, the difference is $18. That's not as bad but still, would rather pocket it :) I get a $28 dollar difference on $30,000, but it's still trivial. Another way of looking at this is could you go out and earn more than $28 after taxes in the time that it would take you to log in to Vanguard...
by KlingKlang
Thu Nov 23, 2017 8:44 am
Forum: Investing - Help with Personal Investments
Topic: portfolio check
Replies: 7
Views: 789

Re: portfolio check

Not too much for me to add to the previous comments. Check whether the yield on the 401(k) Stable Value fund is higher than the return on the 401(k) Total Return Bond fund. You can always add bonds to any account but you can only get a stable value fund inside of a 401(k).
by KlingKlang
Tue Nov 21, 2017 6:09 pm
Forum: Investing - Help with Personal Investments
Topic: GE - a good value?
Replies: 97
Views: 7706

Re: GE - a good value?

Does anyone remember a Dow 5 company named Westinghouse Electric Corporation? I used to be an employee. It was too big to fail and frequently swapped executives with GE. I have also worked at (not for) GE. Not much difference.
by KlingKlang
Mon Nov 20, 2017 11:07 am
Forum: Investing - Help with Personal Investments
Topic: I'm 23 and im with Vanguard. Should I get a transfer on death plan?
Replies: 4
Views: 421

Re: I'm 23 and im with Vanguard. Should I get a transfer on death plan?

https://www.vanguard.com/pdf/bdbp.pdf?2210039149 You should have no problems designating your mother as your beneficiary for both your Vanguard retirement accounts and after tax accounts. There will be no negative tax consequences for you (other than the fact that you will be dead). On the other ha...
by KlingKlang
Sat Nov 18, 2017 9:27 pm
Forum: Personal Consumer Issues
Topic: Thoughts about wearing a "uniform"/same thing everyday?
Replies: 140
Views: 9380

Re: Thoughts about wearing a "uniform"/same thing everyday?

For years I would wear black pants on MWF and brown pants on TTh. Long sleeve shirts usually with a sweater in winter and short sleeve in summer. Rotated through about a dozen shirts.
by KlingKlang
Fri Nov 17, 2017 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Value of 401k Employer Match vs. Salary Equivalent
Replies: 34
Views: 3325

Re: Value of 401k Employer Match vs. Salary Equivalent

I think the Salary and/or other financial benefits (401K match, stock, ownership, benefits, allowances) should only be part of the decision. Albeit possibly #1 on the list. But don't forget these: - Commute time and cost - location of office - job satisfaction - job growth / promotions - work hours...
by KlingKlang
Fri Nov 17, 2017 6:54 pm
Forum: Investing - Help with Personal Investments
Topic: Spending Taxable to Zero during Retirement
Replies: 42
Views: 4978

Re: Spending Taxable to Zero during Retirement

We are currently only spending (a little) from after tax accounts in order to qualify for maximum ACA benefits. We are actually adding small amounts to our tIRAs and Roth IRAs from my wife's earnings to manage the ACA situation. Once we are both on Medicare I anticipate starting to take significant ...
by KlingKlang
Fri Nov 17, 2017 6:41 pm
Forum: Personal Consumer Issues
Topic: Under the sink water filter
Replies: 14
Views: 867

Re: Under the sink water filter

We have been using a 2 cartridge (fiber + charcoal filter) under the sink system for many years and are very pleased with the results. We change the cartridges once a year in the late spring when the algae starts giving the water the famous "Lake Erie Cocktail" flavor.
by KlingKlang
Fri Nov 17, 2017 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Value of 401k Employer Match vs. Salary Equivalent
Replies: 34
Views: 3325

Re: Value of 401k Employer Match vs. Salary Equivalent

very cheap health insurance premiums Since no one has mentioned this yet, health insurance premiums are another area where a few hundred dollars a month in additional costs can chew up a large percentage of your salary increase. Personally I would seriously question whether the aggravation of movin...
by KlingKlang
Wed Nov 15, 2017 9:55 am
Forum: Personal Consumer Issues
Topic: How do you stop junk mail?
Replies: 29
Views: 1553

Re: How do you stop junk mail?

I use a heavy duty (20 sheet) micro-fine paper shredder. That way your name, address, and pre-filled application/order forms are destroyed.
by KlingKlang
Tue Nov 14, 2017 4:16 pm
Forum: Investing - Theory, News & General
Topic: GE and the myth of "safe blue-chip stocks"
Replies: 73
Views: 7665

Re: GE and the myth of "safe blue-chip stocks"

Does anyone remember Westinghouse Electric? GE and W used to swap executives frequently. W went through "the dinosaur died but look at how much meat there is left" phase and GE will follow before they disappear as well.
by KlingKlang
Mon Nov 13, 2017 6:36 pm
Forum: Investing - Theory, News & General
Topic: PurePoint Savings 1.40% Rate
Replies: 2
Views: 588

PurePoint Savings 1.40% Rate

PurePoint Savings just announced that they have raised their rate to 1.40% APY.

https://www.purepoint.com/
by KlingKlang
Sat Nov 11, 2017 11:20 am
Forum: Personal Consumer Issues
Topic: Tipping for restaurants where you order at the counter
Replies: 107
Views: 11056

Re: Tipping for restaurants where you order at the counter

My wife works 38 hours/week at a local Asian dry cleaners but only gets paid for 22 hours of that, so her wage is about $5.99/hour. The previous owners used to have a generic 'donate for orphans' box on the counter but they kept that money. The current owners do not have a donation/tip box. I keep t...
by KlingKlang
Sat Nov 11, 2017 10:51 am
Forum: Personal Consumer Issues
Topic: Do you meditate?
Replies: 117
Views: 7797

Re: Do you meditate?

Does the time I spend curled up under the covers between when I wake up and when I actually get out of bed count?
by KlingKlang
Fri Nov 10, 2017 9:37 am
Forum: Investing - Theory, News & General
Topic: Do you keep anything in your portfolio as a monument to your bad decisions?
Replies: 69
Views: 4967

Re: Do you keep anything in your portfolio as a monument to your bad decisions?

bob60014 wrote:
Fri Nov 10, 2017 9:06 am
My GE stock is getting close to that point! :(
You beat me to it. Also I let them get away with hiring me as a contractor instead of as an employee. :oops:
by KlingKlang
Wed Nov 08, 2017 12:48 pm
Forum: Investing - Theory, News & General
Topic: Open a Roth but Vanguard minimum investment too high?
Replies: 19
Views: 1085

Re: Open a Roth but Vanguard minimum investment too high?

Remember that you can exchange funds inside of your Roth anytime with no tax consequences, so start with $5500 in VTSMX, a target date fund, or a life strategy fund. Keep contributing each year and soon you will have enough to exchange into your desired three fund portfolio, use investor shares firs...
by KlingKlang
Tue Nov 07, 2017 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: BH Ideal net worth allocation
Replies: 22
Views: 2939

Re: BH Ideal net worth allocation

bubbadog wrote:
Tue Nov 07, 2017 3:12 pm
p0nyboy wrote:
Tue Nov 07, 2017 1:08 pm
Sounds like you're house poor.
He is not house poor, he is young.
Correct. Just don't spend the rest of your life purchasing more expensive housing.

From my (dumb) perspective the ideal net worth allocation would be 2% home equity, 49% after-tax, 49% tax sheltered.
by KlingKlang
Mon Nov 06, 2017 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: ACA MAGI planning
Replies: 52
Views: 4049

Re: ACA MAGI planning

Good information so far.

I nail the ACA maximum benefits because my wife works part time (actually full time but that's another story) so I can contribute enough to our tIRAs for the previous year to keep our MAGI at $23k +/- $1.00.
by KlingKlang
Mon Nov 06, 2017 3:44 pm
Forum: Investing - Theory, News & General
Topic: Why is Vanguard sending so much junk mail telling me to vote in the proxy election?
Replies: 50
Views: 5661

Re: Why is Vanguard sending so much junk mail telling me to vote in the proxy election?

I voted (8 different accounts) and they stopped bothering me.

I voted NO on everything. I'll do the same thing at the polls tomorrow.
by KlingKlang
Mon Nov 06, 2017 11:07 am
Forum: Investing - Theory, News & General
Topic: I-bond inflation irony?
Replies: 35
Views: 3680

Re: I-bond inflation irony?

The value, month by month, only goes up. Whatever the redemption value is after 120 months, it will be higher after 121 months. This is a minor quibble, but if the I Bond semiannual inflation rate is zero or negative the bonds' values will remain the same if their fixed rate isn't high enough to ov...
by KlingKlang
Mon Nov 06, 2017 9:42 am
Forum: Investing - Theory, News & General
Topic: I-bond inflation irony?
Replies: 35
Views: 3680

Re: I-bond inflation irony?

Not predicting that it will or won't die as a program, just saying that if they want to kill the program they will just kill it I think. I'm frankly amazed at how long the Treasury Department keeps some old programs around. As an example I still have about $50k of Treasury Bonds in the old Legacy T...
by KlingKlang
Sun Nov 05, 2017 5:18 pm
Forum: Investing - Help with Personal Investments
Topic: Preparing For "Early Retirement" In A Couple of Years
Replies: 77
Views: 7630

Re: Preparing For "Early Retirement" In A Couple of Years

One subject that I haven't seen discussed yet is that of cash flow management and a plan for withdrawals from your various accounts. Basically it's nice to have 1.37 million in financial assets, but when the bills come in from where are you going to take the money to pay them? The majority of your f...
by KlingKlang
Sat Oct 28, 2017 8:17 am
Forum: Personal Finance (Not Investing)
Topic: Patient but not that lucky
Replies: 42
Views: 2979

Re: Patient but not that lucky

If you are going to gamble on the Nasdaq and tech stocks then you need a lot of luck. I have never had a lot of luck so I don't gamble (anymore). Buy and hold funds or ETFs that cover the entire domestic stock/international stock/bond universe plus some cash reserves and then be patient and take wha...
by KlingKlang
Fri Oct 27, 2017 2:45 pm
Forum: Investing - Theory, News & General
Topic: Emotional impact of spending down assets?
Replies: 100
Views: 10131

Re: Emotional impact of spending down assets?

My MIL turned 94 last Saturday. She spent all of her moderate savings, around 250k, on the skilled nursing facility she resides in, and is now on Medicaid. None of her income was protected by COLA, other than SS, and it all goes to the facility with Medicaid paying the rest. She is under the impres...
by KlingKlang
Thu Oct 26, 2017 12:36 pm
Forum: Personal Consumer Issues
Topic: Birth Certificate/Name Issues
Replies: 20
Views: 1755

Re: Birth Certificate/Name Issues

When I was at the Ohio BMV a few weeks ago they threw a guy out because his middle name didn't match on his birth certificate and old out of state license. My wife actually uses a different middle name than that on her birth certificate but gets away with it because the initial is the same.
by KlingKlang
Thu Oct 26, 2017 12:14 pm
Forum: Investing - Theory, News & General
Topic: Emotional impact of spending down assets?
Replies: 100
Views: 10131

Re: Emotional impact of spending down assets?

My MIL turned 94 last Saturday. She spent all of her moderate savings, around 250k, on the skilled nursing facility she resides in, and is now on Medicaid. None of her income was protected by COLA, other than SS, and it all goes to the facility with Medicaid paying the rest. She is under the impres...
by KlingKlang
Thu Oct 26, 2017 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Contribute to spouse's Roth?
Replies: 22
Views: 1846

Re: Contribute to spouse's Roth?

Given the positive responses here, I plan to set up her Roth at VG soon so I can put in 2017 contributions, and fund/manage it myself for now, till DW gets bit by the Boglehead bug You actually have until April 16, 2018 to fund your 2017 Roth IRA contributions. Also your wife will have to sign her ...
by KlingKlang
Wed Oct 25, 2017 3:42 pm
Forum: Personal Consumer Issues
Topic: MoviePass-Too good to be true, but it's legit.
Replies: 133
Views: 14718

Re: MoviePass-Too good to be true, but it's legit.

My wife and I haven't been to a movie since "The Lord of the Rings" ended due to the behavior of the other moviegoers. In that case I would highly recommend a midnight showing of Rocky Horror Picture Show this Halloween at your local theatre. I've been to midnight showings of "The Rocky Horror Pict...
by KlingKlang
Sun Oct 22, 2017 3:54 pm
Forum: Personal Consumer Issues
Topic: New York restaurants suggestions?
Replies: 18
Views: 1615

Re: New York restaurants suggestions?

If you enjoy food you haven't eaten before and are willing to travel, you can eat food from all over the world. Some of the best food is relatively inexpensive and you can also get expensive food with high quality and formal service. I've found that this is true in most great cities. You can go to ...
by KlingKlang
Sun Oct 22, 2017 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: VWELX, VWINX, VBINX [Vanguard Wellington, Wellesley, Balanced]
Replies: 3
Views: 482

Re: VWELX, VWINX, VBINX [Vanguard Wellington, Wellesley, Balanced]

All three of these are great balanced funds, but why go through the extra work of balancing balanced funds?

A number of people who want a 50/50 stock/bond allocation of managed funds purchase half Wellington and half Wellesley.