Search found 353 matches

by mhadden1
Tue Nov 13, 2018 2:48 pm
Forum: Personal Consumer Issues
Topic: Granddaughter needs $ help for university
Replies: 65
Views: 3895

Re: Granddaughter needs $ help for university

Teach music? You don't need a quarter million dollar education to earn 40 grand a year. She is getting a quarter million dollar education for $60k. Pretty dang nice ROI. I would not encourage a student to take on 60k in loans to qualify for a 40k salary. I think the repayment is likely to be a gian...
by mhadden1
Tue Nov 13, 2018 2:40 pm
Forum: Investing - Help with Personal Investments
Topic: How much should Son and DIL put into Roth & Pre-tax 401k accounts...?
Replies: 18
Views: 803

Re: How much should Son and DIL put into Roth & Pre-tax 401k accounts...?

They are at 22% marginal tax rate. They pay 22% Federal Income tax plus state income tax on every dollar that they do not put into the Trad 401K. So, every dollar that they spend instead of putting into Trad 401K, it costs at least 22% tax. I think it would be possible for pre-tax retirement contri...
by mhadden1
Tue Nov 13, 2018 2:04 pm
Forum: Personal Consumer Issues
Topic: Granddaughter needs $ help for university
Replies: 65
Views: 3895

Re: Granddaughter needs $ help for university

whodidntante wrote:
Mon Nov 12, 2018 9:17 pm
Teach music? You don't need a quarter million dollar education to earn 40 grand a year.
So sad, but so true.

Even sadder - taking 15k or 30k or 45k in loans, and not getting a degree.
by mhadden1
Tue Nov 13, 2018 1:46 pm
Forum: Investing - Help with Personal Investments
Topic: How much should Son and DIL put into Roth & Pre-tax 401k accounts...?
Replies: 18
Views: 803

Re: How much should Son and DIL put into Roth & Pre-tax 401k accounts...?

They are at 22% marginal tax rate. They pay 22% Federal Income tax plus state income tax on every dollar that they do not put into the Trad 401K. So, every dollar that they spend instead of putting into Trad 401K, it costs at least 22% tax. I think it would be possible for pre-tax retirement contri...
by mhadden1
Tue Nov 13, 2018 1:29 pm
Forum: Investing - Help with Personal Investments
Topic: Start three fund portfolio
Replies: 6
Views: 400

Re: Start three fund portfolio

Trying to get started and not screw myself up. You are doing yourself a great favor by starting to pay more attention to your retirement savings. You are at a point in life where you do really need to get this ball rolling, but you should have plenty of time for good choices to help you out a lot. ...
by mhadden1
Fri Nov 09, 2018 2:27 am
Forum: Investing - Help with Personal Investments
Topic: Convinced wife to invest but wants her own accounts
Replies: 22
Views: 3316

Re: Convinced wife to invest but wants her own accounts

Tax-advantaged accounts belong to the individual anyway so I don't see any particular conflict about separate ownership. It looks like the bulk of your saving would rightly be in tax-advantaged as much as possible. Does the school system in question offer a 403/457 plan?
by mhadden1
Sun Nov 04, 2018 8:57 pm
Forum: Investing - Help with Personal Investments
Topic: E. Jones/Vanguard and now Fisher Investments
Replies: 36
Views: 4620

Re: E. Jones/Vanguard and now Fisher Investments

portfolio of about $1.3 million 95% of which is with Edward Jones. This year I expect my EJ "fees and charges" to be about $14,500. Gosh, that is a lot to pay in fees. And, no talk that you can have with the EJ guy will really help matters, although you may encounter low visibility conditions due t...
by mhadden1
Sun Nov 04, 2018 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Discount Tire Credit Card - Worth Doing or Overall Foolish?
Replies: 47
Views: 2929

Re: Discount Tire Credit Card - Worth Doing or Overall Foolish?

Making a significant purchase or paying a big bill like insurance is a good time to shop for the best credit card for the situation. I try to do this - and since I accept credit card marketing via the snail mail I often find that a convenient offer arrives when needed. I would consider a store card...
by mhadden1
Fri Oct 19, 2018 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Should we downgrade our house?
Replies: 43
Views: 3935

Re: Should we downgrade our house?

A typical young family moving to the Atlanta area for a job will move to a rapidly growing outlying suburb - maybe on the side of town where the job is located - where the school capacities are being pressed by growth. The schools are filled with the children of the recent arrivals in the new subdiv...
by mhadden1
Wed Oct 17, 2018 7:46 pm
Forum: Investing - Help with Personal Investments
Topic: 30 y/o Boglehead student, advice for 65 year old Retiring Father
Replies: 30
Views: 3032

Re: 30 y/o Boglehead student, advice for 65 year old Retiring Father

hudson wrote:
Tue Oct 16, 2018 7:38 pm
I'm in their shoes as I do not like stocks. I would skip the advisor and go all CDs or the equivalent.
But, to my knowledge all of the 4% safe withdrawal work is based on having a substantial percentage of stocks in the AA.
by mhadden1
Sun Oct 07, 2018 11:29 pm
Forum: Investing - Help with Personal Investments
Topic: Investment advice for a friend in her nineties
Replies: 22
Views: 1901

Re: Investment advice for a friend in her nineties

She needs to realize the possibility of higher returns goes hand in hand with risk of losing money. Seriously CDs are good for her situation. I agree about CDs. OP, maybe you could help your friend research the best brick-and-mortar bank rates in your area. Or, maybe she would be more comfortable w...
by mhadden1
Sun Oct 07, 2018 7:05 pm
Forum: Investing - Help with Personal Investments
Topic: Case for buying individual Stocks as 10% of portfolio
Replies: 43
Views: 3278

Re: Case for buying individual Stocks as 10% of portfolio

Every time I read the comments around here I'm convinced that the average age of the users might be well past 40. For anybody in their 20s and even 30s the advice is just too conservative. I appreciate all of the help that I've been given, but I'm stepping away from this forum/community. Hey, I bet...
by mhadden1
Sun Sep 30, 2018 5:44 pm
Forum: Personal Consumer Issues
Topic: How to tell contractor you don't plan to pay him. [Roofing]
Replies: 65
Views: 6078

Re: How to tell contractor you don't plan to pay him.

OP, try to relax.The roof is probably fine. If it starts to leak in a year or two and the roofer is still around, you may have some recourse. At such time as you try to get something from the shingle warranty, nobody will know anything about roof conditions at install time. In 15 or 20 years the roo...
by mhadden1
Sun Sep 30, 2018 1:59 pm
Forum: Investing - Help with Personal Investments
Topic: Inexperienced Investor seeking help
Replies: 12
Views: 623

Re: Inexperienced Investor seeking help

We are both 41 year olds. We live in New Jersey and we have twin sons who are in 7th grade currently. ..... Goal is to retire early. .... Our combined annual income is $220,000 and we have between $3000 to $4000 left after all expenses. Just a couple of general observations: 1) Right now you do not...
by mhadden1
Sun Sep 30, 2018 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life vs Whole Life
Replies: 10
Views: 835

Re: Term Life vs Whole Life

Buy the right amount of term life insurance when you have dependents who will need the money if you die. IMHO this covers 99.9% of cases. Maybe 99.999%. Normally there is just no reason to pay a lot more for whole life. Not a lot more to think about.
by mhadden1
Sun Sep 30, 2018 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Now or Wait
Replies: 18
Views: 1627

Re: Retirement Now or Wait

13.1Runner wrote:
Sun Sep 30, 2018 12:21 pm
the speculated/cyclic/upcoming economic downturn
You seem to be prepared, so I would not worry about it. With luck you will have a long retirement, and hence probably will encounter several of these. You can't predict when, how many, or how bad.
by mhadden1
Sun Sep 30, 2018 1:08 pm
Forum: Personal Consumer Issues
Topic: Best neighborhoods in Atlanta
Replies: 45
Views: 3510

Re: Best neighborhoods in Atlanta

I agree that happiness in the Atlanta area depends on a manageable commute. Shorter is better. It rains a lot in Atlanta - which can double commuting times. If it snows, which happens a few times a year - all bets are off. Sometimes commuting against traffic can help - going one direction on the fre...
by mhadden1
Sat Sep 22, 2018 5:18 pm
Forum: Investing - Help with Personal Investments
Topic: Mom's Estate: Can you help please?
Replies: 44
Views: 2125

Re: Mom's Estate: Can you help please?

Please accept my condolences for the loss of your father. Luckily, your mother seems to be in great shape financially, with a strong income, paid-for house, and savings safely salted away. I would consider her as having won the game. Regarding nursing home care - it's good to think about how the wor...
by mhadden1
Mon Sep 17, 2018 12:15 pm
Forum: Investing - Help with Personal Investments
Topic: Helping my dad with his IRA
Replies: 16
Views: 1287

Re: Helping my dad with his IRA

I found 4.20% IRA CD at Achieva Credit Union. Does anyone see anything fishy about this: https://www.achievacu.com/Home/Rates ? A few years ago I put money in an IRA CD at another credit union, not local to me, that was running a special offering a very good rate for that time. Right now, I would l...
by mhadden1
Sun Sep 09, 2018 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: Successful techniques to helping parents be less risky?
Replies: 15
Views: 1242

Re: Successful techniques to helping parents be less risky?

In my opinion - if the subject comes up about stock risk - like, if your dad asks about it - it is appropriate to point out that single stock risk can be diversified away using mutual funds. Then, it's time to go watch the football game.
by mhadden1
Sun Sep 09, 2018 9:44 pm
Forum: Personal Consumer Issues
Topic: Best Intro Geology Textbooks
Replies: 17
Views: 1090

Re: Best Intro Geology Textbooks

OP, this is not a textbook, but you gotta read "Annals of the Former World" by John McPhee. Pulitzer in 1999. Absolutely first rate.
by mhadden1
Fri Aug 24, 2018 3:25 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation for 86 year old
Replies: 14
Views: 1276

Re: Asset Allocation for 86 year old

So his overall allocation is now about 50-50 stocks/bond, and a small amount in VG Prime Money Market I suspect that most posters on this forum would approve stock allocations between 30-50% deep in retirement. There are ideas that a floor of around 30% stocks can help prevent running out of money....
by mhadden1
Tue Aug 21, 2018 6:07 pm
Forum: Investing - Help with Personal Investments
Topic: Inheritance—Advice Requested
Replies: 63
Views: 6992

Re: Inheritance—Advice Requested

my tentative plan is to invest half the money now and dollar cost average the rest starting six months from now, divided into six equal portions. That means that half of the money will start working for me now and all of the money will be invested within a year, but I will have some protection from...
by mhadden1
Tue Aug 21, 2018 5:22 pm
Forum: Investing - Help with Personal Investments
Topic: Inheritance—Advice Requested
Replies: 63
Views: 6992

Re: Inheritance—Advice Requested

my tentative plan is to invest half the money now and dollar cost average the rest starting six months from now, divided into six equal portions. That means that half of the money will start working for me now and all of the money will be invested within a year, but I will have some protection from...
by mhadden1
Tue Aug 21, 2018 12:29 am
Forum: Personal Finance (Not Investing)
Topic: Is a million really the benchmark for retirement
Replies: 109
Views: 12137

Re: Is a million really the benchmark for retirement

When I move, I plan to buy another house in a low cost of living area (back home) for cash. If I sold my house today, I could do it (I've been watching sale prices in my current neighborhood and where I want to live in four years). .... With $800k, I pull out $32k annually from my retirement invest...
by mhadden1
Mon Aug 20, 2018 11:20 pm
Forum: Investing - Help with Personal Investments
Topic: Managed Account to...
Replies: 7
Views: 678

Re: Managed Account to...

Zzdave wrote:
Mon Aug 20, 2018 9:52 pm
Should I move to the 3 stock portfolio?

I imagine I will do better.
For certain - if you go to a DIY three fund portfolio, whatever the market gives you, you will keep.
by mhadden1
Mon Aug 20, 2018 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: Question from an FA
Replies: 12
Views: 1385

Re: Question from an FA

I'm trying to figure out what people want and how to give it to them in a way where they get "real" financial advice. Yes, I do plan to manage assets, and I expect to get paid for it. Whether Bogleheads like to admit it or not, the financial advisory world is here to stay, and I don't see any reaso...
by mhadden1
Fri Aug 03, 2018 2:17 pm
Forum: Investing - Help with Personal Investments
Topic: Nervous about not using a personal wealth manager. How do I do this myself?
Replies: 135
Views: 6931

Re: Financial Planner is going to buy funds for me. What should I find out first before letting him?

My 401k has a Schwab brokerage window hooked up to it, so I use Schwab funds myself. If your adviser came up with a stocks/bonds asset allocation that you accept, then, do what I did and just buy the right amount of SCHB - US Broad Market ETF - 0.03 ER SCHF - International Equity ETF - 0.06 ER SCHB ...
by mhadden1
Fri Jul 13, 2018 7:11 pm
Forum: Investing - Help with Personal Investments
Topic: Tell me what's wrong with my strategy
Replies: 105
Views: 7969

Re: Tell me what's wrong with my strategy

Maybe you could buy Tesla. Or short Tesla. Or both. Which will work? I don't know.
by mhadden1
Fri Jul 13, 2018 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: Logging out 20 acre lot?
Replies: 37
Views: 2711

Re: Logging out 20 acre lot?

In 2016 I helped my mother sell the timber on 75 acres in east-central Ga. so I have some recent experience. It can be hard to interest a logger/timber buyer in small tracts like 20 acres unless it's very high volume/value. Sometimes a small tract can be done while logging an adjacent tract. A clear...
by mhadden1
Thu Jul 12, 2018 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: Self Employed 48years old and nothing saved for retirement
Replies: 41
Views: 5568

Re: Self Employed 48years old and nothing saved for retirement

I was a single mother and working paycheck to to paycheck. I went back to school at age 40 to pursue a trade. My money went towards living basically and as mentioned in my original post I am paying down my debt now trying to get in a better place. Remember as you post your replies that everyone has...
by mhadden1
Thu Jul 12, 2018 10:45 am
Forum: Personal Consumer Issues
Topic: Which degree to pursue?
Replies: 18
Views: 1698

Re: Which degree to pursue?

BradJ wrote:
Thu Jul 12, 2018 9:44 am
To be honest, I really do not want to do engineering ...
As someone else noticed - this seems to stand out.
by mhadden1
Thu Jul 12, 2018 10:38 am
Forum: Investing - Help with Personal Investments
Topic: What to invest 401k in?
Replies: 13
Views: 850

Re: What to invest 401k in?

Before I had a target date fund that I picked through my work's 401k. It didnt seem to generate that much income. I like inexpensive Target Date funds, and particularly in tax-advantaged accounts where the bond interest they produce has no tax consequence. Apparently you don't mind taking on more r...
by mhadden1
Tue Jul 10, 2018 10:59 am
Forum: Investing - Help with Personal Investments
Topic: Target date funds....unsophisticated?
Replies: 64
Views: 5087

Re: Target date funds....unsophisticated?

My Megatech employer thankfully provided low-cost index funds as 401k options, which improved through the years. :happy Sadly the options did not include inexpensive Target Date funds. :( My DW is not interested in portfolio management but actuarily speaking is quite likely to outlive me. Also, for ...
by mhadden1
Tue Jul 10, 2018 10:36 am
Forum: Investing - Help with Personal Investments
Topic: [Considering the Vanguard LifeStrategy Fund]
Replies: 66
Views: 5690

Re: Lifestyle Strategies

HickoryHill wrote:
Mon Jul 09, 2018 8:44 pm
All is invested in 20 very low-cost ETFs, many of which are Vanguard.
Far too many funds for me. I would shoot for three. One is ok if the right fund-of-funds fits your circumstances. Maybe four or five if you must tilt.
by mhadden1
Tue Jul 10, 2018 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Management at Megacorp
Replies: 26
Views: 3184

Re: Management at Megacorp

My guess is that the lifelong passion aspect is missing for most managers. I would not worry about that part.
by mhadden1
Tue Jul 10, 2018 10:13 am
Forum: Investing - Help with Personal Investments
Topic: How's this simple portfolio investors?
Replies: 3
Views: 333

Re: How's this simple portfolio investors?

Simple, 5 fund portfolio, modified over the years. Boring, Vanguard Admiral Index Funds. I miss holding Norfolk Southern and Dominion Power, although they are both in the VTSAX fund. Special thanks to NedSaid, and the others that helped me come around to this boring investing and focus on what matt...
by mhadden1
Tue Jul 10, 2018 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Whole Life - We're doing it. What to look for?
Replies: 128
Views: 8535

Re: Whole Life - We're doing it. What to look for?

I am confident a small to moderate sized insurance policy would have alleviated a lot of those unneeded concerns. You HAVE a small to moderate sized insurance policy. You should pat yourself on the back for buying that term policy 5 years ago. I don't understand what problem you are trying to solve...
by mhadden1
Sun Jul 08, 2018 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: 401k loan to pay off debt?
Replies: 37
Views: 1932

Re: 401k loan to pay off debt?

Herekittykitty wrote:
Sun Jul 08, 2018 11:36 am

So the total interest paid in the scenario is about $50 + $50 + $250 $ 1,500 = $1,850.

Big woop-de-do.
Some may not care about $1850. I usually do, especially if it's pretty easy.

(Did not verify the arithmetic)
by mhadden1
Sun Jul 08, 2018 11:30 am
Forum: Personal Finance (Not Investing)
Topic: 401k loan to pay off debt?
Replies: 37
Views: 1932

Re: 401k loan to pay off debt?

One can’t borrow their way out of debt. But one can possibly refinance and pay less interest. Sometimes much less. I did not bother to do the arithmetic, but in the OP case I assume the savings from to the 401k loan strategy was enough to be desirable. I am not at all horrified by the idea of payin...
by mhadden1
Sun Jul 08, 2018 1:44 am
Forum: Investing - Help with Personal Investments
Topic: Understanding performance of a mutual fund
Replies: 8
Views: 820

Re: Understanding performance of a mutual fund

I am thinking that I will come up with a plan to adjust the Schwab investments using the 3 fund portfolio, but invest aggressively as it will probably end up being inherited again. Does that make sense? Sounds right to me. The Schwab funds for 3 Fund Portfolio are very inexpensive. If you want to i...
by mhadden1
Sat Jul 07, 2018 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Would you take a job in a less desirable city if you had to work fewer days?
Replies: 40
Views: 3314

Re: Would you take a job in a less desirable city if you had to work fewer days?

I moved to a much less desirable area for more money (still 5 days but very reasonable work schedule) and we barely lasted a year. We moved back to a suburb of a bigger city. Everyone is different, so YMMV, but quality of life and overall happiness is worth far more than more money with nothing to ...
by mhadden1
Fri Jul 06, 2018 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: What’s the lowest risk investment to keep up with inflation?
Replies: 8
Views: 1586

Re: What’s the lowest risk investment to keep up with inflation?

Treasury Inflation Protected Securities (TIPS). However it sounds like you have a taxable account. Maybe I-Bonds - taxes are better but there limits and restrictions. So short term bonds and short term bond funds are probably the answer. Risk and return are linked. If you want return sufficient to ...
by mhadden1
Fri Jul 06, 2018 1:06 pm
Forum: Personal Consumer Issues
Topic: Removing dead poison ivy
Replies: 24
Views: 1476

Re: Removing dead poison ivy

Roundup (the regular stuff) works poorly on poison ivy and other nuisance vines. There is a Roundup-branded poison ivy spray (it’s a different formula) and several other “vine and woody plant killers.” Use those on poison ivy. I agree that the combo triclovyr/glyphosate labeled as poison ivy spray ...
by mhadden1
Fri Jul 06, 2018 11:15 am
Forum: Investing - Help with Personal Investments
Topic: Helping Parents. Just Moved to VG
Replies: 15
Views: 1064

Re: Helping Parents. Just Moved to VG

Vanguard lifecycle for 2020 retirement (VTWNX): Vanguard Total Stock Market Index Fund Investor Shares 32.80% Vanguard Total Bond Market II Index Fund Investor Shares 28.90% Vanguard Total International Stock Index Fund Investor Shares 21.20% Vanguard Total International Bond Index Fund Investor Sh...
by mhadden1
Tue Jul 03, 2018 5:08 pm
Forum: Investing - Help with Personal Investments
Topic: Am I getting the run around?
Replies: 24
Views: 4403

Re: Am I getting the run around?

When I was working, a Schwab PCRA account was one of the options in our 401K. I transferred my contribution in as cash, and could then buy whatever Schwab had available. https://www.schwab.com/public/schwab/investing/accounts_products/accounts/pcra Same for me. My company was good about avoiding 40...
by mhadden1
Tue Jul 03, 2018 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: Need Advice on one of My Investments Please
Replies: 13
Views: 993

Re: Need Advice on one of My Investments Please

I understand the OPs pain about a fund performing poorly. And yes, the fund in question is not very Boglehead-ish in that it is a managed fund with a high expense ratio. It sounds like this a tax-advantaged account - if so, a switch to an international index fund would cost nothing. Regardless, the ...
by mhadden1
Tue Jul 03, 2018 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie here needing portfolio review
Replies: 18
Views: 1553

Re: Newbie here needing portfolio review

I just edited my OP with the expense ratios of the funds. It does look quite a bit on the higher side compared to VG holdings. I'm hoping that eventually in moving to the 3 fund model, I would over time get rid of my positions in all of these additional holdings. For your self-managed account, thou...
by mhadden1
Tue Jul 03, 2018 11:29 am
Forum: Personal Consumer Issues
Topic: Anniversary trip for young active family (Southeast Coast)
Replies: 8
Views: 683

Re: Anniversary trip for young active family (Southeast Coast)

Timeframe would be September through November, would want water warm enough we could swim in. Swimming should be fine for most all of Fl. through September - by November, comfortable swimming may be confined to the southern half. When I lived in Ft. Lauderdale, the Quebecois visitors frolicked in t...
by mhadden1
Tue Jul 03, 2018 10:44 am
Forum: Personal Consumer Issues
Topic: How do I fix my heating bill?
Replies: 73
Views: 3705

Re: How do I fix my heating bill?

notmyhand wrote:
Mon Jul 02, 2018 8:34 pm
bloom2708 wrote:
Mon Jul 02, 2018 8:30 pm
we now have nine inches of R-30something (I'll have to look) .
As others have pointed out, this is likely very inadequate. Current standards indicate going up to R-60 in Pa. and I would be inclined to do so. I realize the A frame configuration may make this difficult.