Search found 1567 matches

by Jags4186
Wed Jan 17, 2018 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity American Express Card discontinuance
Replies: 10
Views: 1158

Re: Fidelity American Express Card discontinuance

It shouldn't affect your credit history because closed accounts stay on your credit report for 10 years. In 10 years when it falls off, it would negatively affect your average age of accounts. Not something I'd worry about TBH. Make sure you open up a no annual fee AMEX Everyday card BEFORE the canc...
by Jags4186
Wed Jan 17, 2018 11:13 am
Forum: Investing - Theory, News & General
Topic: likely date for a bitcoin crash: does this make sense to you?
Replies: 54
Views: 4515

Re: likely date for a bitcoin crash: does this make sense to you?

RRAAYY3 wrote:
Wed Jan 17, 2018 11:02 am
http://nordic.businessinsider.com/the-s ... useless--/

"USELESS"
Stop buying Bitcoin! It's USELESS!!! Come buy my alternative, Bitcoin Cash! :shock:
by Jags4186
Wed Jan 17, 2018 10:28 am
Forum: Investing - Theory, News & General
Topic: likely date for a bitcoin crash: does this make sense to you?
Replies: 54
Views: 4515

Re: likely date for a bitcoin crash: does this make sense to you?

Bitcoin is currently 50% off its peak...but still up 1000% since January 1, 2017. Is this a crash or a bubble still? Who knows but it’s fun to watch from the sidelines. :beer
by Jags4186
Tue Jan 16, 2018 10:20 pm
Forum: Investing - Help with Personal Investments
Topic: views on "Empower Retirement" as a 401k provider? fees? ease of use etc?
Replies: 21
Views: 927

Re: views on "Empower Retirement" as a 401k provider? fees? ease of use etc?

My wife has Empower. In 2017 she was charged a total of $145.70 in various fees called Fund Expense, Automated Third Party Payment, and Asset Based Charges. This was on an account that ended 2017 with a value of approximately $50,000. They have a *wide* variety of Vanguard Admiral class funds so it’...
by Jags4186
Tue Jan 16, 2018 5:30 pm
Forum: Personal Consumer Issues
Topic: Car accident - was directed to sign release
Replies: 62
Views: 3847

Re: Car accident - was directed to sign release

Not sure of your state but where I live I have to choose "Full Tort" (very expensive) or "Limited Tort" (much less expensive) type of coverage. I chose Limited Tort. This means I can't sue any person or insurance company for "pain and suffering" relating to a car accident. You might want to check on...
by Jags4186
Tue Jan 16, 2018 4:35 pm
Forum: Investing - Help with Personal Investments
Topic: Can We Retire in Hawaii? Please Critique
Replies: 90
Views: 7084

Re: Can We Retire in Hawaii? Please Critique

Captain and Tennille:. Dual Retirement. Retired university professor. DW. Retired educator. Age 80's. No mortgage. No debts. Home value 1.2 million. They are a little comfortable. Very very frugal. And live well below their means. Sonny is a Boglehead with a large portfolio in a 50/50 allocation. 2...
by Jags4186
Tue Jan 16, 2018 7:40 am
Forum: Investing - Help with Personal Investments
Topic: Can We Retire in Hawaii? Please Critique
Replies: 90
Views: 7084

Re: Can We Retire in Hawaii? Please Critique

1) Is the 70k in expenses inclusive of your current rent? Does it include child care? If not, what are you spending so much money on? To give you a comparison my wife and (admittedly no kids) spent $55k last year and that included 3 international vacations and $18,780 in rent. 2) An $800k house on a...
by Jags4186
Mon Jan 15, 2018 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Our 'cure' for emergency expenses
Replies: 63
Views: 6778

Re: Our 'cure' for emergency expenses

Our "freedom fund" has always been part of our checking account. Why make it complicated? I have two take aways from this thread: -Most people take awhile to get budgeting dialed in. -A lot of people make their finances complicated. Agree with you both. What the OP describes isn't an emergency fund...
by Jags4186
Mon Jan 15, 2018 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 114
Views: 6893

Re: Stats on When People Take Social Security

You would also take SS early if you believed you wouldn't live long enough for waiting to make sense. You could come from a family that dies young. You could have a terminal disease. You could truly believe that by taking the money and investing it you'll do better than waiting until FRA or 70. Your...
by Jags4186
Mon Jan 15, 2018 11:52 am
Forum: Personal Finance (Not Investing)
Topic: why emergency savings?
Replies: 37
Views: 2910

Re: why emergency savings?

If $20,000 is such a small portion of someone’s liquid assets, then why are they worried about losing a couple percentage points in interest by keeping it in a savings account? One less account to juggle. Who says you need a separate account? You could use a rewards checking account, like I have at...
by Jags4186
Mon Jan 15, 2018 11:04 am
Forum: Personal Finance (Not Investing)
Topic: why emergency savings?
Replies: 37
Views: 2910

Re: why emergency savings?

I think either $20k is a lot of money to you and if it represents 6 months of spending you definitely should be kept in cash or $20k isn't a lot of money to you and therefore you're way overthinking the problem of having $20k in cash. Regardless, for only $20k there are plenty of ways to generate a ...
by Jags4186
Mon Jan 15, 2018 9:49 am
Forum: Personal Consumer Issues
Topic: Looking for a reasonably priced, safe international destination
Replies: 93
Views: 4907

Re: Looking for a reasonably priced, safe international destination

Honestly sounds like you want a vacation thats enjoyable to you that the kids will tolerate. When I was 6 I'm sure the only places I wanted to go was the beach or Disney World. Might I suggest leaving the kids with Grandma for the week? You could also consider going to California stopping at Disney ...
by Jags4186
Mon Jan 15, 2018 9:17 am
Forum: Personal Consumer Issues
Topic: Apple Mac Mini/Pro Updates? Don't Want iMac
Replies: 14
Views: 1265

Re: Apple Mac Mini/Pro Updates? Don't Want iMac

Get a MacBook (Pro) and attach it to a monitor/keyboard/mouse with its lid shut. This is a great way to get a $3500 desktop that's almost as powerful as a $500 one. Oh Please. MacBook Pros start at $1299. The traditional desktop world is not one Apple wishes to be in. I too would vote for the iMac ...
by Jags4186
Mon Jan 15, 2018 8:41 am
Forum: Personal Finance (Not Investing)
Topic: A half year at full pay or a full year at half pay?
Replies: 49
Views: 4586

Re: A half year at full pay or a full year at half pay?

I would agree with the others who vote 6 months. If you are truly working full time, albeit on self selected research projects/authoring papers, why would you work full time for 1 year at half pay? Unless you think whatever you can work on would generate income to you in excess of 1/2 your yearly pa...
by Jags4186
Mon Jan 15, 2018 8:20 am
Forum: Personal Consumer Issues
Topic: Looking for a reasonably priced, safe international destination
Replies: 93
Views: 4907

Re: Looking for a reasonably priced, safe international destination

JoMoney wrote:
Mon Jan 15, 2018 7:24 am
I'm not sure what the range is for "reasonably priced".
I'm going to suggest New Zealand as a good 'safe' international vacation for a family.
If New Zealand is "reasonably priced" then the world is your oyster...
by Jags4186
Sun Jan 14, 2018 6:56 pm
Forum: Personal Consumer Issues
Topic: Looking for a reasonably priced, safe international destination
Replies: 93
Views: 4907

Re: Looking for a reasonably priced, safe international destination

My limited experience, the only thing cheap about Iceland is the flight. Everything else is super expensive.
by Jags4186
Sat Jan 13, 2018 11:38 pm
Forum: Investing - Help with Personal Investments
Topic: How did Oakmark Equity and Income beat the S&P 500 since 1995
Replies: 3
Views: 674

Re: How did Oakmark Equity and Income beat the S&P 500 since 1995

The Oakmark fund managers avoided the 2000-2002 recession. Take out those 3 years and a 70/30 portfolio, TSM and TBM, outperforms the Oakmark fund in all time periods.
by Jags4186
Sat Jan 13, 2018 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting Vs Savings Rate
Replies: 65
Views: 4203

Re: Budgeting Vs Savings Rate

I'm wanting to get some feedback about budgeting. Currently, we save 50% of our combined gross pay and I track spending in Quicken so I can look up how much we spend on different categories. My spouse suggested that we start a budget, but I don't see a need to do so when we can save 50% and still b...
by Jags4186
Sat Jan 13, 2018 10:50 am
Forum: Personal Consumer Issues
Topic: Will never not upgrade Business travel again
Replies: 21
Views: 2855

Re: Will never not upgrade Business travel again

If I had to travel frequently for work and needed to spend my own money to upgrade for me to be comfortable I would look for a new job.

I’m okay sitting in coach and I fly one or two round trips a month for business. I would not take on $1000s of dollars in OOP costs to upgrade to have this job.
by Jags4186
Fri Jan 12, 2018 10:22 pm
Forum: Investing - Help with Personal Investments
Topic: How much more return would DFA funds produce?
Replies: 11
Views: 769

Re: How much more return would DFA funds produce?

You could eliminate all but two or three of those funds and save yourself around 1-2% in expenses. Also won’t have to talk to a FA.
by Jags4186
Fri Jan 12, 2018 10:04 pm
Forum: Investing - Help with Personal Investments
Topic: ultimate all-value portfolio using Vanguard
Replies: 5
Views: 577

Re: ultimate all-value portfolio using Vanguard

Vanguard does offer VEVFX International Explorer Value but it is an actively managed International Small Cap Value fund. It is much smaller than the International Small Cap index fund but still leans towards blend. For what it's worth it has outperformed DFA's Int'l Small Cap Value Fund by over 3%/y...
by Jags4186
Thu Jan 11, 2018 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: How do you define middle class? Which class do you consider yourself in?
Replies: 23
Views: 2115

Re: How do you define middle class? Which class do you consider yourself in?

I think upper class, middle class, and lower class are old world ways of viewing things. We have transitioned into a status society based on education and employment. A plumber or carpenter can make more money than a professor but many would consider them a lower “status”. Regardless, middle class t...
by Jags4186
Wed Jan 10, 2018 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Lowball offer on a home
Replies: 82
Views: 6881

Re: Lowball offer on a home

One risk is that a lowball offer often comes with no contingencies to make it look a bit tempting. If the seller knows of some major problem they may be more tempted to accept it and you could be stuck with a big problem. Another is that if you are working with a real estate agent then they may dec...
by Jags4186
Wed Jan 10, 2018 7:11 am
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 297
Views: 25071

Re: Year 2000 retirees using the '4% rule' - Where are they now?

msk, My point is your situation is not the typical retirees situation and therefore the advice you give regarding portfolio management, while in your particular situation may work, may not be appropriate for the majority. As you have said, “cutting back” means not giving away millions of dollars or ...
by Jags4186
Tue Jan 09, 2018 11:27 pm
Forum: Investing - Theory, News & General
Topic: Forgot to make my $5500 contribution for 2018
Replies: 36
Views: 4646

Re: Forgot to make my $5500 contribution for 2018

I’m afraid you’ll never be able to retire. If I were you I’d sell everything, buy bitcoin, move to Vietnam to lower your cost of living to about $300/yr and learn to drive a rickshaw. Where in Vietnam can you get by for $300 / yr ? In jungle? You can get a nicely upgraded tree house for $75. I trav...
by Jags4186
Tue Jan 09, 2018 8:55 pm
Forum: Investing - Theory, News & General
Topic: Forgot to make my $5500 contribution for 2018
Replies: 36
Views: 4646

Re: Forgot to make my $5500 contribution for 2018

wander wrote:
Tue Jan 09, 2018 7:29 pm
Jags4186 wrote:
Tue Jan 09, 2018 2:41 pm
I’m afraid you’ll never be able to retire. If I were you I’d sell everything, buy bitcoin, move to Vietnam to lower your cost of living to about $300/yr and learn to drive a rickshaw.
Where in Vietnam can you get by for $300 / yr ? In jungle?
You can get a nicely upgraded tree house for $75.
by Jags4186
Tue Jan 09, 2018 2:41 pm
Forum: Investing - Theory, News & General
Topic: Forgot to make my $5500 contribution for 2018
Replies: 36
Views: 4646

Re: Forgot to make my $5500 contribution for 2018

I’m afraid you’ll never be able to retire. If I were you I’d sell everything, buy bitcoin, move to Vietnam to lower your cost of living to about $300/yr and learn to drive a rickshaw.
by Jags4186
Tue Jan 09, 2018 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Lowball offer on a home
Replies: 82
Views: 6881

Re: Lowball offer on a home

From your description, it sounds like you are arriving at an offer price by using a $525k house as a base and then deducting $100k based on mostly cosmetic issues (except the furnace) that you don't like. My suggestion would be to compare your target house, in its current condition, to houses that ...
by Jags4186
Tue Jan 09, 2018 10:27 am
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 297
Views: 25071

Re: Year 2000 retirees using the '4% rule' - Where are they now?

What this shows is that, yeah, a 4 % withdrawal rate, upped w inflation, works over 30 years. But you have to have a stomach of steel and be ok watching your nest egg get at least partially consumed. This argues for Bernstein’s more conservative 2-3%. Remember, this was the WORST time to retire in ...
by Jags4186
Tue Jan 09, 2018 9:42 am
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 297
Views: 25071

Re: Year 2000 retirees using the '4% rule' - Where are they now?

I tried to duplicate willthrill81's great, very stimulating analysis using the assumption of 100% in Vanguard Wellesley since that may be how I go in the future so that DW can have portfolio she does not need to deal with re-balancing, etc. I used data from Simba's Backtest workseet up to 2016. Not...
by Jags4186
Tue Jan 09, 2018 9:08 am
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 297
Views: 25071

Re: Year 2000 retirees using the '4% rule' - Where are they now?

The forward projections don't work if you assume 0% real return on bonds, and 3% on equities, going forward? In other words, this is not as reassuring as one might think. Because from memory bonds were paying 4-5% yields in 2000? Yes it was a bad time for equities, but not for bonds. Bonds now? 0% ...
by Jags4186
Tue Jan 09, 2018 8:24 am
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 297
Views: 25071

Re: Year 2000 retirees using the '4% rule' - Where are they now?

Willthrill, The problem I have with this whole conversation is: I' am 23 years old. My mortality is age 100 - age 23 = 77 more years. I cannot wrap my head around the 4% Trinity (guideline) of selling off my portfolio & making it last 40, 50, 60 years & then be able to pass down wealth to my childr...
by Jags4186
Tue Jan 09, 2018 8:17 am
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 297
Views: 25071

Re: Year 2000 retirees using the '4% rule' - Where are they now?

MSK, Your post was very interesting...thank you. 1 Question: Would you have been able to do the same if you didn't have a pension paying (only 56% of your job income)? As you know pensions are going away (lucky for you that you received one). If you removed the pension how would a 100% stock fund t...
by Jags4186
Mon Jan 08, 2018 10:30 pm
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 297
Views: 25071

Re: Year 2000 retirees using the '4% rule' - Where are they now?

There is always discussion regarding withdrawal rates and what is safe. Those who retired in the year 2000 have probably had the roughest road of any retirees in terms of market returns since the early 1970s. Let's take a look to see where they would be today, 18 years later, if they had used a 4% ...
by Jags4186
Mon Jan 08, 2018 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: Lowball offer on a home
Replies: 82
Views: 6881

Re: Lowball offer on a home

Yes I think some people misinterpret me. I do like the house. But I’m not being emotional about it. If fixed up houses are worth $525k in that area then this house is worth $525k minus the upgrade costs. Let the owner reject it...there will be other homes when they come on the market.
by Jags4186
Mon Jan 08, 2018 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Lowball offer on a home
Replies: 82
Views: 6881

Re: Lowball offer on a home

Perhaps I shouldn’t use the term “lowball”. I should retitle the article “making realistic offer on overpriced home”. Just some information: House sold for $335,000 in 2001. Sold for $460,000 in 2004. Was listed for sale on 11/17 for $569,000. It was then dropped to $519,000. Taken off MLS then reli...
by Jags4186
Mon Jan 08, 2018 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Lowball offer on a home
Replies: 82
Views: 6881

Re: Lowball offer on a home

The owners likely don’t care what you plan to spend on it and will be offended by lowball, how it usually goes. Don’t care if owner is offended. You need to sort out what the house really “needs” from your “wants”. Then take a good look at the comps. Your list seems like a combination of both. The ...
by Jags4186
Mon Jan 08, 2018 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: Lowball offer on a home
Replies: 82
Views: 6881

Re: Lowball offer on a home

Was there anything about the house you liked besides the neighborhood in which it was located? After reading about all the issues, I reread your first paragraph and wasn't sure if the "... that we liked..." applied to the house or just to the neighborhood. :wink: That is way more work than I'd be w...
by Jags4186
Mon Jan 08, 2018 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Lowball offer on a home
Replies: 82
Views: 6881

Re: Lowball offer on a home

If it really needs all that work it sounds like they have mispriced it. Has it been on the market long? I've seen, and I know I'm generalizing here, old couples that are out of touch with reality (they love their house) and in no hurry to sell. I guess sometimes they find a sucker but I'd guess the...
by Jags4186
Mon Jan 08, 2018 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Lowball offer on a home
Replies: 82
Views: 6881

Re: Lowball offer on a home

When you make the offer, be sure to describe all the work you are going to do on the house. How much work did the house 2 doors down need? We didn’t see the house two doors down as it sold before we really started looking, but from the pictures it looks to be in great shape. It at minimum had new b...
by Jags4186
Mon Jan 08, 2018 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Lowball offer on a home
Replies: 82
Views: 6881

Lowball offer on a home

Hello all, My wife and I saw a 3br/1.5ba house in a spectacular neighborhood the other day that we liked and are interested in making an offer. It is currently listed for $529,000 and all of the comps in the area have sold between $480k and $530k in the last year. A house two doors down sold for $52...
by Jags4186
Mon Jan 08, 2018 3:33 pm
Forum: Personal Consumer Issues
Topic: Rent a car for long trip or use my own
Replies: 25
Views: 1249

Re: Rent a car for long trip or use my own

bloom2708 wrote:
Mon Jan 08, 2018 3:22 pm
OP, you are saying you get the rental AND the .535 for the 750 mile trip?

Maybe it is paid as some type of commission. I do not think both would be in the spirit of the IRS ruling for using your personal vehicle.
750 * $0.535 = $401.25

$401.25 - $68 rental - $100 gas = $233.25
by Jags4186
Mon Jan 08, 2018 3:04 pm
Forum: Personal Consumer Issues
Topic: Rent a car for long trip or use my own
Replies: 25
Views: 1249

Re: Rent a car for long trip or use my own

I have drive about a 750 mile round trip between this Wednesday and Friday for work. I am paid $0.535/mi. I can rent a car for about $80, pay for it out of pocket, and submit the reimbursement for $0.535/mi or I can just use my own car. Would you trade $80 to keep 750 miles off your car? Some consi...
by Jags4186
Mon Jan 08, 2018 12:55 pm
Forum: Personal Consumer Issues
Topic: Rent a car for long trip or use my own
Replies: 25
Views: 1249

Re: Rent a car for long trip or use my own

For better or worse I live 2 blocks from an Enterprise and it ended up costing $68 for the rental—pick up Wednesday return Friday. I drive a Honda Civic LX so I’m not really stepping down in “luxury”.
by Jags4186
Mon Jan 08, 2018 11:55 am
Forum: Forum Issues and Administration
Topic: Help me understand question-less financial status (e.g. "2 comma club") threads.
Replies: 175
Views: 8422

Re: Help me understand question-less financial status (e.g. "2 comma club") threads.

The forum would be pretty boring if everyone followed all the rules...only actionable threads, no duplicate posts, read the wiki before asking questions... Only one of those is an actual rule. Understood but many replies to threads are “maybe if you would search” or “if you read up in the wiki”. Th...
by Jags4186
Mon Jan 08, 2018 11:52 am
Forum: Personal Consumer Issues
Topic: Rent a car for long trip or use my own
Replies: 25
Views: 1249

Re: Rent a car for long trip or use my own

My company will allow me to expense the mileage even if I rent the car. I just can’t double dip and expense the mileage and expense the rental.

I think I will rent. It would be true money in my pocket after maybe $75 in gas and $80 for the rental.
by Jags4186
Mon Jan 08, 2018 10:24 am
Forum: Personal Consumer Issues
Topic: Rent a car for long trip or use my own
Replies: 25
Views: 1249

Rent a car for long trip or use my own

I have drive about a 750 mile round trip between this Wednesday and Friday for work. I am paid $0.535/mi. I can rent a car for about $80, pay for it out of pocket, and submit the reimbursement for $0.535/mi or I can just use my own car. Would you trade $80 to keep 750 miles off your car?
by Jags4186
Mon Jan 08, 2018 10:09 am
Forum: Forum Issues and Administration
Topic: Help me understand question-less financial status (e.g. "2 comma club") threads.
Replies: 175
Views: 8422

Re: Help me understand question-less financial status (e.g. "2 comma club") threads.

The forum would be pretty boring if everyone followed all the rules...only actionable threads, no duplicate posts, read the wiki before asking questions...
by Jags4186
Mon Jan 08, 2018 10:05 am
Forum: Personal Consumer Issues
Topic: Are Password Managers Really Necessary?
Replies: 94
Views: 3930

Re: Are Password Managers Really Necessary?

I use a Password Manager but friends claim they are unnecessary. They ask if I know anyone who has ever lost brokerage firm assets because their account was hacked and I cannot say that I do. They also do not worry about credit card fraud because they locked down their credit and liability is limit...