Search found 1974 matches

by Jags4186
Sun May 20, 2018 10:04 am
Forum: Investing - Help with Personal Investments
Topic: Newly widowed, how do I invest 1.5 million life ins. proceeds
Replies: 24
Views: 1666

Re: Newly widowed, how do I invest 1.5 million life ins. proceeds

Sorry about your situation. There's no way $1.5M will reliably generate anywhere near $5k/mo, and remember you have to account for inflation. In your situation a 2% withdrawal rate would be aggressive, and remember that SS benefits may be not indexed to your inflation rate, just some arbitrary infl...
by Jags4186
Sun May 20, 2018 8:55 am
Forum: Investing - Help with Personal Investments
Topic: Difference in Emerging and Small Cap?
Replies: 4
Views: 197

Re: Difference in Emerging and Small Cap?

Yes. That is really all I want to know. Thanks for links I’ll read . Sometimes a personal explanation clears it up for me. People are so good on explaining things. Appreciate links Small cap has to deal with the size of the company. Emerging markets has to deal with which country the company is in....
by Jags4186
Sun May 20, 2018 7:58 am
Forum: Investing - Help with Personal Investments
Topic: Newly widowed, how do I invest 1.5 million life ins. proceeds
Replies: 24
Views: 1666

Re: Newly widowed, how do I invest 1.5 million life ins. proceeds

OP, What are you doing for health insurance? I assume you got that through your husbands employment? You'll have significant income via these assets and SS and will likely have to pay a fair amount through the exchange. Not sure if that is included in your $9000/mo budget. With regards to weddings a...
by Jags4186
Sat May 19, 2018 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 296
Views: 19445

Re: Lucrative careers?

OP here, just to answer some questions ppl asked: My experience is around 2 years(no ad yet) completed at a local college(no top school or anything) with a 3.5 mostly general classes (history, bio, math, etc). Math is by far my worst subject I’ve done construction for a few years and then took care...
by Jags4186
Sat May 19, 2018 4:30 pm
Forum: Personal Consumer Issues
Topic: Finance a $28,000 house for Brother?
Replies: 44
Views: 2356

Re: Finance a $28,000 house for Brother?

If you really want to help your brother out you could give him $28,000. Alas you don’t have $28,000 so you can’t help him out.
by Jags4186
Sat May 19, 2018 3:22 pm
Forum: Investing - Help with Personal Investments
Topic: SWPPX vs Vanguard Institutional 500 Index TRUST
Replies: 6
Views: 410

Re: SWPPX vs Vanguard Institutional 500 Index TRUST

Ok so given I only have the option of the Vanguard Instirutional 500 Index TRUST, I would prefer to be in a total market fund. Should i move that money to Schwab to buy their total market fund or would y'all recommend i essentially build a "total market fund" across 2 funds, 77% or so in the TRUST ...
by Jags4186
Sat May 19, 2018 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey it or keep low interest debt
Replies: 85
Views: 4226

Re: Dave Ramsey it or keep low interest debt

I doubt any millionaire attributes their wealth to the spread on investments made vs. low APR CONSUMER debt. I think you could even expand this discussion to cash back credit cards that offer small rewards. During a purchase, has your mind ever said, “at least I get 2% cash back on this large purch...
by Jags4186
Fri May 18, 2018 11:47 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey it or keep low interest debt
Replies: 85
Views: 4226

Re: Dave Ramsey it or keep low interest debt

As others have posted borrowing money for things like cars puts you in the payment trap. What’s another $50/mo..? However if you decide your budget, stick to your budget and then get offered 0% then you should consider taking it. After all a 5 year 0% loan can be off set with a 5 year 3.2% CD. In yo...
by Jags4186
Fri May 18, 2018 12:51 pm
Forum: Investing - Theory, News & General
Topic: Are you including annual increases in contributions in your projections?
Replies: 36
Views: 1496

Re: Are you including annual increases in contributions in your projections?

No because I'm in a stage of life where my expenses are increasing. Over the next 6-24 months I assume our savings rate will drop from 60% of gross down to 30% of gross assuming we're employed full time throughout.
by Jags4186
Fri May 18, 2018 11:56 am
Forum: Personal Consumer Issues
Topic: Bonded Leather [Office chair]
Replies: 18
Views: 2155

Re: Bonded Leather [Office chair]

sport wrote:
Fri May 18, 2018 10:13 am
Jags4186 wrote:
Fri May 18, 2018 6:25 am
I’d just buy a new non leather chair.
That is what I did, a year and a half ago.
Hah! I did not notice your original time stamp.
by Jags4186
Fri May 18, 2018 6:25 am
Forum: Personal Consumer Issues
Topic: Bonded Leather [Office chair]
Replies: 18
Views: 2155

Re: Bonded Leather

I do not want to repair it. That would be hopeless. I would just like to stop the peeling. Wrap it with duct tape! Exactly what I was going to suggest. Wrap it in duct tape then put a cover over the chair. Done. Of course I wouldn’t bother with all that aggrivation...I’d just buy a new non leather ...
by Jags4186
Fri May 18, 2018 6:17 am
Forum: Personal Finance (Not Investing)
Topic: Surgeon salary vs owning a business salary/profit?
Replies: 47
Views: 3909

Re: Surgeon salary vs owning a business salary/profit?

A $500-$700k income puts you near, but not quite at the top 0.1% of earners in the country. The probability of making $500k-$700k therefore is tiny regardless of profession. I might suggest some other professions for you that would almost guarrantee you make you that type of money: Executive at fort...
by Jags4186
Fri May 18, 2018 5:48 am
Forum: Personal Consumer Issues
Topic: Road trip Newark NJ to Albany
Replies: 44
Views: 1805

Re: Road trip Newark NJ to Albany

Keep going past Albany and go to Lake George/Lake Champlain/Ticonderoga area.
by Jags4186
Fri May 18, 2018 5:27 am
Forum: Personal Finance (Not Investing)
Topic: Looking for a custom retirement savings calculator for Airline pilot Direct contribution
Replies: 12
Views: 924

Re: Looking for a custom retirement savings calculator for Airline pilot Direct contribution

What do you project your total annual savings each year, from all sources, will be for your remaining work years?

Without being able to answer that question, no one can help you.
by Jags4186
Thu May 17, 2018 7:15 pm
Forum: Investing - Theory, News & General
Topic: Are you including annual increases in contributions in your projections?
Replies: 36
Views: 1496

Re: Are you including annual increases in contributions in your projections?

I assume my contributions will sharply decrease in the coming years. I’m getting into the “expensive” part of life—home ownership and children on the way. Fortunately if we never add another dime to our investments and simply survive hand to mouth for the next 35 years we should be okay to retire at...
by Jags4186
Thu May 17, 2018 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: Do I pay towards my mortgage or invest?
Replies: 29
Views: 2012

Re: Do I pay towards my mortgage or invest?

I don’t think we’re in a payoff or invest conundrum. Unless there is a another meltdown interest are going to continue to rise and you soon be able to buy CDs paying more than 3.875%. If and when that is the case it will never make sense to accelerate payments.
by Jags4186
Thu May 17, 2018 2:29 pm
Forum: Investing - Help with Personal Investments
Topic: Do I pay towards my mortgage or invest?
Replies: 29
Views: 2012

Re: Do I pay towards my mortgage or invest?

OP, I would be in no rush to pay down a 3.875% fixed loan. You may soon be able to purchase intermediate duration CDs paying more than 3.875%. Look at your overall financial situation: 1) Do you have adequate cash reserves/emergency fund? 2) Are you fully funding your 401k/403b/457/IRA/Roth IRAs? 3)...
by Jags4186
Thu May 17, 2018 2:02 pm
Forum: Investing - Theory, News & General
Topic: Small caps and Micro caps
Replies: 6
Views: 476

Re: Small caps and Micro caps

US small caps have outperformed US large caps 29/44 prior years.
US micro caps have outperformed US large caps 25/44 prior years.

Seems to me it’s business as usual.
by Jags4186
Thu May 17, 2018 10:13 am
Forum: Investing - Help with Personal Investments
Topic: Simple Index Fund Question
Replies: 12
Views: 1016

Re: Simple Index Fund Question

Thank you Okay so just to make sure I am understand correctly. QQQ is a EFT and their ask price is $169. That’s $169 per share so if all I would own for $169 is one share? Correct? If I wanted 10 I would spend $1,690 ($169x10) Whereas a vanguard mutual fund, for example, VQNPX growth and income, ha...
by Jags4186
Thu May 17, 2018 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Recast mortgage?
Replies: 9
Views: 762

Re: Recast mortgage?

A no cost way to lower your monthly nut? I’d do it in a heartbeat.
by Jags4186
Thu May 17, 2018 8:56 am
Forum: Personal Consumer Issues
Topic: What would you do? takes 6 months to fix a Tesla Model S
Replies: 33
Views: 2494

Re: What would you do? takes 6 months to fix a Tesla Model S

[OT comment removed by moderator prudent] We have owned a Tesla Model S now going on 6 years and it has had a few collisions, ... I'm trying to imagine owning a Tesla (or any car) and colliding in it "a few" times over 6 years. :shock: It’s a safe car! Whats the point of having a safe car if you ar...
by Jags4186
Thu May 17, 2018 8:35 am
Forum: Investing - Help with Personal Investments
Topic: Urgent: escrow situation in bay area
Replies: 50
Views: 2729

Re: Urgent: escrow situation in bay area

Do you expect income to rise dramatically? If the economy turns will it be difficult to get a job? 43 years old in tech can be “old”. Based on the income I’m guessing the husband isn’t very senior if new college grads are making $100k+ in tech. Does the wife have the ability to go out and get meanin...
by Jags4186
Thu May 17, 2018 7:58 am
Forum: Personal Finance (Not Investing)
Topic: somebody is using our address
Replies: 45
Views: 4476

Re: somebody is using our address

Notify your local Post Master, who should notify your local Postal Inspectors. The post office has its own law enforcement division to investigate precisely this sort of thing. +1. Exactly. Postal fraud is serious business, people go to jail for those kind of offenses. Look up Postmaster General. h...
by Jags4186
Thu May 17, 2018 6:46 am
Forum: Personal Consumer Issues
Topic: What would you do? takes 6 months to fix a Tesla Model S
Replies: 33
Views: 2494

Re: What would you do? takes 6 months to fix a Tesla Model S

You could look into one of those lease swaps where people are looking to get rid of their car. You might be able to find someone with 6 months remaining on the lease which would line up perfectly. No car insurance I'm aware of provides rental coverage for 6 months, so *shrug*. Usually its 30 days ma...
by Jags4186
Wed May 16, 2018 9:03 pm
Forum: Investing - Help with Personal Investments
Topic: Lower cost but similar alternatives to these American Funds in my Roth IRA?
Replies: 9
Views: 418

Re: Lower cost but similar alternatives to these American Funds in my Roth IRA?

Regarding American Funds in general, some of the lower-fee no-load R6 institutional class funds are available to me through TIAA, but are not available to most individual investors; surprisingly they have regularly outperformed benchmarks over many years, defying the mantra that active management a...
by Jags4186
Wed May 16, 2018 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2582
Views: 491804

Re: What's Your Credit Card Rewards Strategy?

Q: Does the Costco Anywhere Visa from Citi code Costco Food Court purchases as restaurant (3%) or just regular Costco purchases (2%)? You must be buying a lot of $0.99 hot dogs :sharebeer 99-cent hot dogs? My local Costco charges $1.50. TravelforFun Don’t brag about splurging for the hot dog/soda c...
by Jags4186
Wed May 16, 2018 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: 2.5% Cash Back or Points? Spending Strategy
Replies: 5
Views: 952

Re: 2.5% Cash Back or Points? Spending Strategy

1) Do the math just as you did above. Sign up bonuses will get you way further than just regular ol’ spend. 2) Figure out how many cards you are willing to juggle, use the card with the best category rewards for spend. 3) For domestic economy tickets, cashback is the way to go. You should get a stab...
by Jags4186
Wed May 16, 2018 3:43 pm
Forum: Personal Consumer Issues
Topic: Any experience with Blue Apron?
Replies: 34
Views: 2527

Re: Any experience with Blue Apron?

We got it for a little while then cancelled. The biggest issue is that the meals take an hour or so to prepare, use every pot and pan you own, and make no leftovers. When I cook normally I make enough so we can have it for dinner two nights in a row and also usually get a lunch out of it.
by Jags4186
Wed May 16, 2018 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2582
Views: 491804

Re: What's Your Credit Card Rewards Strategy?

Any thoughts on IHG devaluing the free night to just those under 30,000 points and I think the annual fee is going up to $89 from $49? Also, thoughts on changes with SPG starting 8/1? should you convert your spg miles before then? Conversion won't matter you'll still get 3:1 and 60,000 Marriott Rew...
by Jags4186
Wed May 16, 2018 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2582
Views: 491804

Re: What's Your Credit Card Rewards Strategy?

d0gerz wrote:
Mon Apr 23, 2018 9:53 pm
Q: Does the Costco Anywhere Visa from Citi code Costco Food Court purchases as restaurant (3%) or just regular Costco purchases (2%)?
You must be buying a lot of $0.99 hot dogs :sharebeer
by Jags4186
Wed May 16, 2018 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Can a <median household save 1 year of expenses every year?
Replies: 158
Views: 7418

Re: Can a <median household save 1 year of expenses every year?

Of course it's possible. The question is whether the household is willing to cut spending far below the median to get there. Depending on one's location, that may involve sacrifices few are willing to make. +1. KlangFool This thread got ridiculous really fast with semantics and moving of the goalpo...
by Jags4186
Wed May 16, 2018 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Can a <median household save 1 year of expenses every year?
Replies: 158
Views: 7418

Re: On the topic of Saving vs Savings

So somebody with $95,000 of student loans and $90,000 home equity is not saving by paying off the loans, but someone with $95,000 of student loans and $100,000 home equity is? 1) You can't save if you have a negative net worth. All you can do is dig yourself out of a hole. 2) You can only say you'r...
by Jags4186
Wed May 16, 2018 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Can a <median household save 1 year of expenses every year?
Replies: 158
Views: 7418

Re: Can a <median household save 1 year of expenses every year?

Here's a question for you: has Person A or Person B earned more money over this period of time? Here's a hint for you "Person B works throughout college and pays as he goes. Or, alternatively, Person B’s parents pay for college." So one way or another Person B had an extra $96,000 inflow of cash th...
by Jags4186
Wed May 16, 2018 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Can a <median household save 1 year of expenses every year?
Replies: 158
Views: 7418

Re: On the topic of Saving vs Savings

So somebody with $95,000 of student loans and $90,000 home equity is not saving by paying off the loans, but someone with $95,000 of student loans and $100,000 home equity is? 1) You can't save if you have a negative net worth. All you can do is dig yourself out of a hole. 2) You can only say you'r...
by Jags4186
Wed May 16, 2018 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Can a <median household save 1 year of expenses every year?
Replies: 158
Views: 7418

Re: On the topic of Saving vs Savings

So somebody with $95,000 of student loans and $90,000 home equity is not saving by paying off the loans, but someone with $95,000 of student loans and $100,000 home equity is? 1) You can't save if you have a negative net worth. All you can do is dig yourself out of a hole. 2) You can only say you'r...
by Jags4186
Wed May 16, 2018 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Can a <median household save 1 year of expenses every year?
Replies: 158
Views: 7418

Re: On the topic of Saving vs Savings

Bogleheads: We seem to be getting tripped up on a semantic point: not all saving results in an increase in savings . In fact they even have different units, as expected befitting their different parts of speech. Savings is a stock, an accumulated surplus of wealth. Saving is a rate, a flow, of exce...
by Jags4186
Wed May 16, 2018 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Can a <median household save 1 year of expenses every year?
Replies: 158
Views: 7418

Re: On the topic of Saving vs Savings

Bogleheads: We seem to be getting tripped up on a semantic point: not all saving results in an increase in savings . In fact they even have different units, as expected befitting their different parts of speech. Savings is a stock, an accumulated surplus of wealth. Saving is a rate, a flow, of exce...
by Jags4186
Wed May 16, 2018 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Can a <median household save 1 year of expenses every year?
Replies: 158
Views: 7418

Re: Can a <median household save 1 year of expenses every year?

Paying off student debt absolutely counts as saving. A student loan can be modeled as a negative bond; of course, one could direct their savings there or elsewhere. Net worth increases just the same (likely better with high interest rate loans). Significant judicial error is already present here. P...
by Jags4186
Wed May 16, 2018 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Golden Handcuffs
Replies: 52
Views: 7657

Re: Golden Handcuffs

You have a financially sweet situation. Find fulfillment elsewhere. +1 Nothing wrong with making decent bucks without having to kill yourself. Get a hobby. Not everyone needs to "live to work" or needs to find fulfillment in what they do for a living. My wife and I don't make a ton of money but we ...
by Jags4186
Wed May 16, 2018 10:04 am
Forum: Investing - Theory, News & General
Topic: Challenge: guess the effect of rebalancing (by interval or bands) in 2008-2009
Replies: 34
Views: 3274

Re: Challenge: guess the effect of rebalancing in 2008-2009

I've run this before and know the answers to 1 + 2

1) answer is B
2) answer is A
3) I would guess B
by Jags4186
Wed May 16, 2018 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Can a <median household save 1 year of expenses every year?
Replies: 158
Views: 7418

Re: Can a <median household save 1 year of expenses every year?

Paying off student debt absolutely counts as saving. A student loan can be modeled as a negative bond; of course, one could direct their savings there or elsewhere. Net worth increases just the same (likely better with high interest rate loans). Significant judicial error is already present here. P...
by Jags4186
Tue May 15, 2018 7:06 pm
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 451
Views: 30337

Re: KF's simple rules to achieve FI [Financial Independence]

wrongfunds wrote:
Tue May 15, 2018 2:49 pm
Assets = Liability + Owner's Equity
Really? I think this must be wrong.
It’s correct it’s just an odd way to phrase it:

Asset = Liability + Equity

Asset - Liability = Liability + Equity - Liability

Asset - Liability = Equity
by Jags4186
Mon May 14, 2018 7:36 pm
Forum: Investing - Help with Personal Investments
Topic: Are bonds really needed - why not 100% stocks?
Replies: 71
Views: 5286

Re: Are bonds really needed - why not 100% stocks?

What do you mean by 100% stocks? 100% SP500? If your reasoning for being 100% stocks is because over history, it has performed significantly better than bonds, then you should consider not getting rid of your bonds and using a different asset allocation. https://paulmerriman.com/wp-content/uploads/...
by Jags4186
Mon May 14, 2018 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: When is the right time to buy a house?
Replies: 28
Views: 1731

Re: When is the right time to buy a house?

I have been renting for over 7 years now and I am spent $600 on average per month on rent. I have zero debt and sizable chunk in savings and investment which is enough for a 15-20% down payment on a mortgage. House prices have been rising over the past few years. Is this a right time to buy? Mortga...
by Jags4186
Mon May 14, 2018 8:25 am
Forum: Personal Consumer Issues
Topic: How to think about schools/homes (Greatschools/Niche)
Replies: 70
Views: 4426

Re: How to think about schools/homes (Greatschools/Niche)

We bought a house in a town where the elementary and middle schools are both great school 10s and the high school is a 4. I don’t really understand how the kids/faculty/administration all got so much dumber between 8th and 9th grade. My suggestion to you is to live in the less expensive town and whe...
by Jags4186
Mon May 14, 2018 8:02 am
Forum: Forum Issues and Administration
Topic: The front page is ugly
Replies: 127
Views: 8714

Re: The front page is ugly

Yes, we should cover the front page in ads, pop ups, and autoplaying videos so it looks just like a real 2018 professional webpage!
by Jags4186
Mon May 14, 2018 6:56 am
Forum: Investing - Help with Personal Investments
Topic: Are bonds really needed - why not 100% stocks?
Replies: 71
Views: 5286

Re: Are bonds really needed - why not 100% stocks?

What do you mean by 100% stocks? 100% SP500? If your reasoning for being 100% stocks is because over history, it has performed significantly better than bonds, then you should consider not getting rid of your bonds and using a different asset allocation. https://paulmerriman.com/wp-content/uploads/2...
by Jags4186
Sun May 13, 2018 9:33 pm
Forum: Investing - Help with Personal Investments
Topic: Allocation to combine Dave Ramsey and Vanguard?
Replies: 79
Views: 6655

Re: Allocation to combine Dave Ramsey and Vanguard?

Something often overlooked is that Dave Ramsey himself doesnt know what his asset allocation is. He has on at least one occassion referred to “aggressive growth” as being sometimes called small cap or sometimes called emerging markets...
by Jags4186
Sun May 13, 2018 7:39 pm
Forum: Investing - Help with Personal Investments
Topic: [Three-fund portfolio in taxable account (New York City)]
Replies: 17
Views: 1263

Re: [Three-fund portfolio in taxable account (New York City)]

ok so then don’t include the inherited IRA, and do the same division of assets as above except for $1.65 million instead of $1.9 million, and then do the same division in your inherited IRA.
by Jags4186
Sun May 13, 2018 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Advice on building a timeless mens wardrobe?
Replies: 65
Views: 4646

Re: Advice on building a timeless mens wardrobe?

I do my best not to participate in events which require more than t shirt and jeans. Levi jeans and American Apparal poly/cotton blend t shirts. In the winter I have some pull over 1/4 zip up sweaters. I have 1 suit I bought from Macy’s. It is my interview/wedding/funeral suit. I am a manufacturers ...