Search found 128 matches

by lolbatross
Tue Sep 04, 2018 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 10255

Re: Max you should invest in a 529?

OP, 1% to 5% of your net worth excluding the house. So, for most people, the answer is nothing. KlangFool Seems arbitrary. Care to explain the 1% to 5% range? We are at 10% but also are probably done contributing (2 years maxed for 2 kids each). 10% is high by your standard but what we get: IL stat...
by lolbatross
Wed Jun 06, 2018 9:00 am
Forum: Investing - Help with Personal Investments
Topic: 529 College Saving question
Replies: 15
Views: 1116

Re: 529 College Saving question

Looks like a great plan. We did 20k each of the first 2 years for each of our kids in the IL 529. This got us the full tax break for 4 consecutive years. We are 100% invested in the index equity portfolio. Most here would probably prefer age based over our approach. Going forward we will add gifts f...
by lolbatross
Mon May 07, 2018 7:56 am
Forum: Investing - Help with Personal Investments
Topic: Start 529 Plan?
Replies: 45
Views: 2472

Re: Start 529 Plan?

Thanks for all the advice! For those who are funding above what expected college/grad expenses will be, what are your plans to do with the excess money? After kids graduate change the beneficiary to grandkids? Based on historical returns & inflation we have about a 25% chance of being over funded f...
by lolbatross
Tue May 01, 2018 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Checking Reasonableness on Home Purchase
Replies: 9
Views: 1074

Re: Checking Reasonableness on Home Purchase

You are spending a lot. But you can afford it. Suppose loans were not an option. Would you be willing to trade your cash plus ~700k of your retirement savings for the house? If you woke up tomorrow and had the house and only ~700k in retirement would you be ok? If that makes you uncomfortable from a...
by lolbatross
Tue Mar 06, 2018 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Another reason to steer clear of Bitcoin. As if we need another reason...
Replies: 47
Views: 6898

Re: Another reason to steer clear of Bitcoin. As if we need another reason...

It's a risk along with so many others, that yes, I determined it's another reason to steer clear of Bitcoin, et. al. What others you say? 1. exchanges being hacked and millions lost 2. USBs/computers lost and millions lost 3. passwords lost and millions lost 4. governments shutting down exchanges o...
by lolbatross
Tue Jan 23, 2018 12:22 pm
Forum: Investing - Theory, News & General
Topic: Vanguard chief says "You will never see a bitcoin fund from us"
Replies: 33
Views: 3494

Re: Vanguard chief says "You will never see a bitcoin fund from us"

I am glad that Vanguard is not creating a bitcoin fund - a bitcoin fund serves one purpose which is speculation / investing indirectly in the price of btc. Wall Street and even retail speculators are not doing much to ensure bitcoin's future even if they may be driving the price higher. As someone w...
by lolbatross
Sun Jan 21, 2018 10:26 am
Forum: Investing - Help with Personal Investments
Topic: Lost money through Bitconnect scam - learned my lesson
Replies: 94
Views: 9305

Re: Lost money through Bitconnect scam - learned my lesson

There is no blockchain without bitcoin. Without Bitcoin, it is just another database. Then I must ask, if blockchain's only reason for existence is Bitcoin, then why is blockchain such a big deal? If its only value is to support a speculative, pyramid "investment", does it really have the value eve...
by lolbatross
Sat Jan 20, 2018 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: Lost money through Bitconnect scam - learned my lesson
Replies: 94
Views: 9305

Re: Lost money through Bitconnect scam - learned my lesson

Thank you for all of the responses including those who shared their similar stories from the dot com era. I’m done with crypto. I had a very bad 15 day “affair” from my Boglehead lifestyle and it cost me $30k. I will make sure to turn this into a positive and never let this happen again. It could h...
by lolbatross
Sat Jan 20, 2018 12:09 pm
Forum: Investing - Help with Personal Investments
Topic: Lost money through Bitconnect scam - learned my lesson
Replies: 94
Views: 9305

Re: Lost money through Bitconnect scam - learned my lesson

[quote=RRAAYY3 post_id=3731679 time=<a href="tel:1516467432">1516467432</a> user_id=42235] I despise Bitcoin and can’t wait for it to just go away. If you bought it in 08/09, sell this BS ASAP and consider yourself lucky Blockchain technology is valuable - Bitcoin is a FOMO driven nothing. If you’r...
by lolbatross
Sun Jan 07, 2018 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: How much are you putting in a 529?
Replies: 111
Views: 11028

Re: How much are you putting in a 529?

as someone who be opening a 529 fairly soon, what rate of return do ya'll estimate when deciding what to contribute? Depends what you are trying to estimate. I use 2% real for growth vs college expense (I’m 100% equity). I use 8% nominal for estimating tax savings vs ltcg in taxable. Historically t...
by lolbatross
Sat Jan 06, 2018 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: How much are you putting in a 529?
Replies: 111
Views: 11028

Re: How much are you putting in a 529?

We did 20k ( IL state max deduction) for the first 2 years of each kids life. So 40k each and then let it ride. Kids are almost 2 and almost 4. Balances are 50k &55k. That’s about 3 of 8 years worth of U of I. With some growth we should cover a good portion with the 529. Our strategy was always to g...
by lolbatross
Thu Jan 04, 2018 2:25 pm
Forum: Investing - Help with Personal Investments
Topic: Can/Should I retire now?
Replies: 50
Views: 7134

Re: Can I retire now?

duplicate
by lolbatross
Thu Jan 04, 2018 2:25 pm
Forum: Investing - Help with Personal Investments
Topic: Can/Should I retire now?
Replies: 50
Views: 7134

Re: Can I retire now?

Yes. Your rental nets 1,800/mo. You need 6,000/mo. The difference is 50,400/year. That's about 2% of your 2.55M of stocks & bonds. Your dividends should about cover that. You still need medical so either get a part time job with benefits or draw more off of your 2.55M. Alternatively you could get ou...
by lolbatross
Thu Dec 28, 2017 7:20 pm
Forum: Investing - Help with Personal Investments
Topic: General question on college savings
Replies: 60
Views: 3334

Re: General question on college savings

Are there any Bogleheads out there who are in the same situation as we are? a. have children b. have a large taxable account c. do NOT fund 529 accounts A. Yes (2), b. Yes, c NO. Our strategy is to fund the 529 to ~33% of cost of college and the cash flow the rest if needed. U of I is 38k/year. Col...
by lolbatross
Thu Dec 28, 2017 7:56 am
Forum: Personal Finance (Not Investing)
Topic: 529 and the new tax law
Replies: 4
Views: 749

Re: 529 and the new tax law

How long have you had the 529? Are there substantial gains? Are you still contributing? How much is enough for college? Less than 180 today?

If you are sure you have overfunded and have substantial gains I would use the 529 now, otherwise I would not unless there is a major state tax break.
by lolbatross
Sat Dec 23, 2017 9:35 am
Forum: Personal Consumer Issues
Topic: 2016 Nissan Pathfinder S with 3rd row seat
Replies: 11
Views: 1050

Re: 2016 Nissan Pathfinder S with 3rd row seat

Our trusty minivan was totaled last night. Fortunately, all are well. I'm interested in a mid size SUV, prefer used. I travel often using rental cars and have driven this quite a bit: 2016 Nissan Pathfinder S with 3rd row seat. I like the ride and comfort but have never thought about for a family. ...
by lolbatross
Fri Dec 22, 2017 11:14 am
Forum: Investing - Theory, News & General
Topic: Bitcoin in Freefall
Replies: 168
Views: 21637

Re: Bitcoin in Freefall

tadamsmar wrote:
Fri Dec 22, 2017 11:09 am
There is lots of speculation on why it crashed.

I say it was because analysts said that Bitcoin's quarterly earnings outlook was bleak.

:twisted:
Good point. BTC is only up 195% since October 1. Seems the market had priced in several hard fork dividends but now are projecting only a few.
by lolbatross
Fri Dec 22, 2017 10:59 am
Forum: Investing - Theory, News & General
Topic: Bitcoin in Freefall
Replies: 168
Views: 21637

Re: Bitcoin in Freefall

alpine_boglehead wrote:
Fri Dec 22, 2017 10:39 am
John Bogle: The stock market is a giant distraction to the business of investing.

And so is Bitcoin. :)
Bitcoin distracts me from tinkering and otherwise not staying the course. :beer
by lolbatross
Fri Dec 22, 2017 10:19 am
Forum: Investing - Theory, News & General
Topic: Bitcoin in Freefall
Replies: 168
Views: 21637

Re: Bitcoin in Freefall

It's also interesting to note that the S&P500 is flat so far - some evidence that there is little correlation? some evidence that there is no possibility of a spill over? Given the relative market volumes & values of the 2 assets it's really difficult to make assertions about the lack of correlatio...
by lolbatross
Fri Dec 22, 2017 10:05 am
Forum: Investing - Theory, News & General
Topic: Bitcoin in Freefall
Replies: 168
Views: 21637

Re: Bitcoin in Freefall

It's also interesting to note that the S&P500 is flat so far - some evidence that there is little correlation? some evidence that there is no possibility of a spill over?
by lolbatross
Fri Dec 22, 2017 10:03 am
Forum: Investing - Theory, News & General
Topic: Bitcoin in Freefall
Replies: 168
Views: 21637

Re: Bitcoin in Freefall

It is interesting seeing the reaction here given this isn't an uncommon event in the world of Bitcoin. So I would guess if you want to own Bitcoin you need to be prepared for these types of events on a regular basis. https://www.forbes.com/sites/timothylee/2013/04/11/an-illustrated-history-of-bitco...
by lolbatross
Fri Dec 22, 2017 9:09 am
Forum: Personal Consumer Issues
Topic: Different ways to order coffee
Replies: 41
Views: 4832

Re: Different ways to order coffee

ThriftyPhD's post pretty much covers it, especially if you are going to do it yourself.

There are 3 main ways of making coffee:
  • pressure (think espresso)
  • immersion (french press)
  • filtered (pour over, drip, etc.)
Here's a list of methods and a good infographic
by lolbatross
Thu Dec 21, 2017 11:09 am
Forum: Personal Finance (Not Investing)
Topic: pay down mortgage or invest in taxable
Replies: 73
Views: 7869

Re: pay down mortgage or invest in taxable

I agonize over this issue with a 2.9% mortgage on a 15year fixed with 10 years to go. I have finally come to the conclusion that I split my excess cash between principal reductions and taxable, and then I find a thread like this and start the process over of beating up myself over my decision in bo...
by lolbatross
Thu Dec 21, 2017 10:01 am
Forum: Investing - Help with Personal Investments
Topic: Dave Ramsey Style Vanguard Portfolio?
Replies: 51
Views: 9196

Re: Dave Ramsey Style Vanguard Portfolio?

Dave Ramsey advocates an investing philosophy that is split between Growth, Growth and Income, Aggressive Growth and International. Would the following meet those guidelines? 1) Morgan Growth (Growth) 2) Vanguard 500 Index (Growth & Income) 3) Vanguard Explorer (Aggressive Growth) 4) Vanguard Total...
by lolbatross
Thu Dec 21, 2017 9:52 am
Forum: Investing - Theory, News & General
Topic: Speculation
Replies: 16
Views: 1730

Re: Speculation

The typical difference is that investments tend to be well understood - defined cash flows, business models, etc. Speculation tends to be higher risk and opaque. Cryptos has some additional risks that need to be considered. Cryptos are generally not regulated, and are subject to insider trading & ma...
by lolbatross
Thu Dec 21, 2017 9:40 am
Forum: Personal Finance (Not Investing)
Topic: pay down mortgage or invest in taxable
Replies: 73
Views: 7869

Re: pay down mortgage or invest in taxable

While I get the psychological allure of pay down a mortgage I don't see it as the correct theoretical decision. What theory are you referring to? Standard finance theory (CAPM) would say that if your mortgage is above the risk free rate (which it is for everyone) then paying it off generates positi...
by lolbatross
Wed Dec 20, 2017 11:14 am
Forum: Personal Finance (Not Investing)
Topic: pay down mortgage or invest in taxable
Replies: 73
Views: 7869

Re: pay down mortgage or invest in taxable

Who cares about inflation when real rates are low on everything? Inflation matters because when it comes to a mortgage it is on your side. Historically inflation is around 3.3%. Recently is less than 2% - say 1.4% cagr for 2012-2016. In this case given the mortgage rate, tax benefit and inflation O...
by lolbatross
Tue Dec 19, 2017 11:02 pm
Forum: Investing - Help with Personal Investments
Topic: 100% equity folks- holding any cash/bonds now?
Replies: 50
Views: 5425

Re: 100% equity folks- holding any cash/bonds now?

I guess technically we are 95/5, but that is due to circumstances. I consider myself 100% equity! I am not holding any additional dry powder, bonds, cash or otherwise.

Timing is hard.
by lolbatross
Tue Dec 19, 2017 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: pay down mortgage or invest in taxable
Replies: 73
Views: 7869

Re: pay down mortgage or invest in taxable

6) I think the compound interest from the investments will outperform this mortgage simple interest. I agree. Often lost on here is that your fixed rate should be compared against the nominal cumulative average growth rate - not real. The overall historical numbers are about 9%. The worst 30 year n...
by lolbatross
Tue Dec 19, 2017 11:38 am
Forum: Investing - Help with Personal Investments
Topic: Understanding the financial management fee from a statement
Replies: 9
Views: 868

Re: Understanding the financial management fee from a statement

FI#1 - Total Fees/Total Balance so 3039.92/250417.94 or 1.2% for 11 months so adjust to 1.3% FI#2 - Total Fees/Total Balance so 242.35/51008.59 or 0.47% for 11 months so adjust to 0.5% My crude estimate assumes monthly fees consistent in December with the rest of the year. They don't consider timing...
by lolbatross
Tue Dec 19, 2017 11:05 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice - first timer
Replies: 8
Views: 668

Re: Portfolio advice - first timer

Set aside your Emergency Fund (check) and then other short term spending. Taxes, vacations, car fund, house fund, etc. Get the rest invested. I'd probably knock off the car loan. Unless you are repairing bad credit, it won't have much impact. We have had no mortgage or loan for over 10 years. We us...
by lolbatross
Tue Dec 19, 2017 10:54 am
Forum: Investing - Help with Personal Investments
Topic: FUSVX or FSTVX in a 401k?
Replies: 4
Views: 1297

Re: FUSVX or FSTVX in a 401k?

I used to hold FUSVX in my IRAs but switched to FSTVX because I liked the total US market coverage more than the pure S&P500 play. My vote is FSTVX.
by lolbatross
Mon Dec 18, 2017 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Tracking progress to $1M portfolio and no mortgage by 40
Replies: 96
Views: 25556

Re: Tracking progress to $1M portfolio and no mortgage by 40

This is an awesome thread and and awesome goal. Great work OP. I have had a mortgage since early 2012. I pay about $2k addl principal per month. Our taxable savings (in lieu of pay down or excess retirement savings) is about the same amount. On the backs of a great bull market the invest strategy is...
by lolbatross
Mon Dec 18, 2017 3:40 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on food per month, per person?
Replies: 151
Views: 11374

Re: How much do you spend on food per month, per person?

~$1300/mo for family of 4. Includes food groceries and eating out as well as coffee.
by lolbatross
Mon Dec 18, 2017 3:22 pm
Forum: Investing - Help with Personal Investments
Topic: GDAX Fee Question
Replies: 6
Views: 697

Re: GDAX Fee Question

Has anyone noticed a difference between the fees charged on the Orders page and the the Trading View page, versus the Account Page? In my case the fees for my stop limit orders are showing as zero on the Orders page and below trading view, but as non-zero on the Account page, and I noticed that the...
by lolbatross
Mon Dec 18, 2017 2:48 pm
Forum: Personal Consumer Issues
Topic: Help Me [Recover] My Bitcoin!
Replies: 93
Views: 13538

Re: Help Me Cash Out My Bitcoin!

I have my wallet ID and password for my blockchain wallet. I also have a 12 word recovery phrase that was provided which I have no idea how to use. Do you have it for you new wallet or for your old wallet? (or both) I have it for the new wallet. However, as I previously stated, when I paste the ori...
by lolbatross
Mon Dec 18, 2017 9:53 am
Forum: Personal Consumer Issues
Topic: Help Me [Recover] My Bitcoin!
Replies: 93
Views: 13538

Re: Help Me Cash Out My Bitcoin!

Reubin wrote:
Mon Dec 18, 2017 9:46 am
I have my wallet ID and password for my blockchain wallet. I also have a 12 word recovery phrase that was provided which I have no idea how to use.
Do you have it for you new wallet or for your old wallet? (or both)
by lolbatross
Sun Dec 17, 2017 6:05 pm
Forum: Investing - Theory, News & General
Topic: Best 401k Employer Match Structure
Replies: 132
Views: 14043

Re: Best 401k Employer Match Structure

My megacorp does 100% up to 6% plus 3-5% annual contribution. Immediate vesting. Auto enrollment and auto escalating. Traditional and ROTH available. Low cost index funds and target date funds available. If one adds nothing they get 3%. If one goes for the match they end up with 15%. Great plan that...
by lolbatross
Sun Dec 17, 2017 8:04 am
Forum: Local Chapters and Bogleheads Community
Topic: @@Happy Holidays Bogleheads. How others here helped you?
Replies: 49
Views: 5104

Re: Holiday thanks to Bogleheads. How have they helped you?

The community has helped me on
  • getting away from having a guy
  • understanding 529s
  • laddering my term LI
Thanks Bogleheads!
by lolbatross
Sun Dec 17, 2017 7:47 am
Forum: Personal Finance (Not Investing)
Topic: Term Life Advice
Replies: 7
Views: 664

Re: Term Life Advice

I agree with Rupert and JBTX on this one. If it was me I would do 1M T10, 1M T20, 1M T30 against both of you. The idea is not 100% replacement but tons of flexibility. In time you will be self insured. If that seems expensive don’t do the T30 and evaluate again in 10 years.
by lolbatross
Thu Dec 14, 2017 1:29 pm
Forum: Investing - Help with Personal Investments
Topic: Traditional, Roth, Taxable - what's my right mix?
Replies: 9
Views: 1048

Re: Traditional, Roth, Taxable - what's my right mix?

Do you need the traditional contribution to keep you in the 25% federal tax bracket? If so, then certainly stick with traditional. If not, then I would switch to maxing ROTH while you are still in the 25% bracket. My ideal portfolio mix would have 1/3 in each bucket. Ralph For 2017 it isnt necessar...
by lolbatross
Thu Dec 14, 2017 11:58 am
Forum: Investing - Help with Personal Investments
Topic: Traditional, Roth, Taxable - what's my right mix?
Replies: 9
Views: 1048

Re: Traditional, Roth, Taxable - what's my right mix?

rkhusky wrote:
Thu Dec 14, 2017 11:46 am
You are able to deduct Traditional IRA contributions while in 25% tax bracket? If not, you should max two Roth IRA's.
You are correct I am eligible for two front door roths. Could you expand on that I should -is there an ideal traditional/roth mix I should be aiming for?
by lolbatross
Thu Dec 14, 2017 11:26 am
Forum: Investing - Help with Personal Investments
Topic: Traditional, Roth, Taxable - what's my right mix?
Replies: 9
Views: 1048

Traditional, Roth, Taxable - what's my right mix?

Emergency funds: 6mo + slush fund Debt: 210k mortgage Tax Filing Status: MFJ, 2 kids Tax Rate: 25% Federal, 5% State State of Residence: IL Age:33 Desired Asset allocation: 90% stocks / 5% bonds / 5% cash Desired International allocation: 30% of stocks Current assets Taxable 210k (26%) Traditional 4...
by lolbatross
Thu Dec 14, 2017 10:39 am
Forum: Personal Finance (Not Investing)
Topic: How much did you contribute to your 401k in 2017?
Replies: 155
Views: 13107

Re: How much did you contribute to your 401k in 2017?

His 33, Max + 11k match (~29k) [Good low cost options]
Hers 33, 6% + 3% match (~4k) [Bad very high cost options]
Total is about 33k for the year or ~19% gross including matches. We leave about 15k worth of tax deferred space on the table.
by lolbatross
Thu Dec 14, 2017 10:27 am
Forum: Investing - Help with Personal Investments
Topic: Ameriprise :(
Replies: 64
Views: 10088

Re: Ameriprise :(

My wife inherited a small taxable Ameriprise account. It took some convincing of her to close it out. I finally convinced her that if we did it then the last 5k of student loans would be gone. Small victory. To OP - i echo the sentiment to transfer all the accounts to a fidelity or vanguard. Set up ...
by lolbatross
Mon Dec 11, 2017 8:13 pm
Forum: Personal Consumer Issues
Topic: Save all this money, what do you splurge on?
Replies: 193
Views: 20033

Re: Save all this money, what do you splurge on?

We splurge on a lot. Bought a new car (cash) 1.5 years ago. Finishing our basement next year. I try to alternate years for the really big splurges. Smaller splurges - built a desktop I didn't need. Fun money. Eat out a lot. Craft Beer.
by lolbatross
Mon Dec 11, 2017 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 financial goals - what are yours?
Replies: 92
Views: 13099

Re: 2018 financial goals - what are yours?

1.) Max his 401k 2.) Fund her 401k to match 3.) Max HSA 4.) Cash flow the 40k basement project 5.) Rebuild Cash buffer to target level 6.) Add to taxable as needed to achieve 20% gross savings (Not counting any equity from basement finish) 7.) hodl For the past 4 years we have been funding 529s. We ...
by lolbatross
Mon Dec 11, 2017 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to live on one income?
Replies: 70
Views: 6648

Re: Can we afford to live on one income?

Ran these numbers through firecalc - 600k starting +15k/year till 60, 100k expenses, retirement starting in 28 years lasting for another 30. 100% success with and without SS (you should be on pace for max). Seems like a Yes. Adjust as needed in the future if you ask yourself the same question in 5 y...
by lolbatross
Mon Dec 11, 2017 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: excess contribution(beyond state tax exemption limit) for IL529
Replies: 3
Views: 395

Re: excess contribution(beyond state tax exemption limit) for IL529

I believe all you need to do is limit the entry on line 12 of your schedule M to 20k (if married).

Instructions here top of page 2