Search found 33 matches

by veritas10
Sat Jun 21, 2014 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: Interest-only mortgage & home-equity loan
Replies: 13
Views: 1207

Re: Interest-only mortgage & home-equity loan

Thanks for your replies. My parents finally have had enough, especially after I walked them through all of the bad financial moves my brother has made and continues to make as well as the negative impact on my parents' finances. (He also has burned relationships with family members because he doesn'...
by veritas10
Sat Jun 21, 2014 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Interest-only mortgage & home-equity loan
Replies: 13
Views: 1207

Re: Interest-only mortgage & home-equity loan

How do you see him repaying the $60,000 loan? Banks make loans based on how they perceive the applicant's ability to repay the loan. It might be somewhat 'iffy' if he can't even fund even a single dollar of the special school tuition. I was going to ask why he needs a $525,000 (or is it $700K-$800K...
by veritas10
Sat Jun 21, 2014 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: Interest-only mortgage & home-equity loan
Replies: 13
Views: 1207

Interest-only mortgage & home-equity loan

I'm trying to provide some guidance to my younger brother who is in a financial mess, and I would greatly appreciate anyone's thoughts. Here's the brief background: In 2003, he and his spouse purchased a home in the D.C. area for $525,000. They put down about $25,000 and financed the remaining $500,...
by veritas10
Sat Nov 02, 2013 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Best website to obtain auto insurance quotes
Replies: 2
Views: 610

Best website to obtain auto insurance quotes

Am a Texas resident and insure our cars through USAA. I'm certain that we're not paying the lowest (or even close to lowest) rates by using USAA, so greatly appreciate any insight regarding how to efficiently find a lower-cost insurer. Thanks very much in advance.
by veritas10
Sun Aug 05, 2012 3:56 pm
Forum: Investing - Help with Personal Investments
Topic: Question about investing in Vanguard muni index funds
Replies: 3
Views: 1966

Question about investing in Vanguard muni index funds

I have been purchasing shares of the Vanguard Intermediate-Term Tax-Exempt Index Fund in my taxable account for a while, and have increased the amount of my purchases since the 3.8% Medicare tax was signed into law in 2010 (although not effective until Jan. 1, 2013). That fund represents the sole fi...
by veritas10
Mon May 07, 2012 7:43 pm
Forum: Personal Consumer Issues
Topic: Does anyone own a Hyundai?
Replies: 71
Views: 8190

Re: Does anyone own a Hyundai?

See if you can find a copy of the Consumer Reports annual auto review (March or April issue?) It's packed with good information on the reliability and safety of new & used cars. Hyundai's usually receive good ratings. I was looking at used cars on the Hertz rental car sales website. You can find a ...
by veritas10
Mon May 07, 2012 6:09 pm
Forum: Personal Consumer Issues
Topic: Does anyone own a Hyundai?
Replies: 71
Views: 8190

Does anyone own a Hyundai?

Sadly, my 1996 Volvo appears to be on its death bed, so I'm in the market for a used (and possibly certified) car. Haven't heard much about Hyundais but, from what little I have heard, they are reliable and safe. Also, I understand that new models come with a 10-yr/100k warranty. For those of you wh...
by veritas10
Sun Jan 01, 2012 7:37 pm
Forum: Investing - Help with Personal Investments
Topic: Question about allocation among fixed-income investments
Replies: 12
Views: 1363

Re: Question about allocation among fixed-income investments

Thanks to all for your comments. Given that I'm no market timer and not able to predict yield curves (or almost anything else, for that matter), I'm going to go with 50/50.
by veritas10
Sun Jan 01, 2012 1:07 pm
Forum: Investing - Help with Personal Investments
Topic: Question about allocation among fixed-income investments
Replies: 12
Views: 1363

Re: Question about allocation among fixed-income investments

Thanks, dbr. Your 50/50 suggestion sounds reasonable. Greatly appreciate comments from anyone else who cares to chime in.
by veritas10
Fri Dec 30, 2011 7:40 pm
Forum: Investing - Help with Personal Investments
Topic: Question about allocation among fixed-income investments
Replies: 12
Views: 1363

Question about allocation among fixed-income investments

I'm sure the following issue has been discussed numerous times on this board, but I'm wondering what the Boglehead conventional wisdom is with respect to allocating your fixed-income portion of your overall portfolio between the Vanguard Total Bond Market Index Fund (VBMFX) and the Vanguard TIPS Fun...
by veritas10
Sat Sep 10, 2011 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: USAA Homeowners Insurance Rate Hike
Replies: 10
Views: 3024

By the way I am 45-year member of USAA; and think they are trying to do too much, growing far beyond their original purpose. I don't think that will work out well in the long term. I'm on board with you. I'm an 18-year member and have had auto, renter's and life insurance coverage as well as covera...
by veritas10
Fri Aug 19, 2011 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone buy a new car recently? Paperwork comment/question.
Replies: 37
Views: 6305

Jim, I have paid cash for a number of cars. Just tell them them that you will be paying by a cashiers or certified check of some type and that will solve the problem. There is no reason to fill out a credit application. This is exactly what I did in September of 2010. The salesman asked me to compl...
by veritas10
Fri Aug 12, 2011 8:11 pm
Forum: Investing - Theory, News & General
Topic: A slightly different type of 60/40 balanced fund?
Replies: 7
Views: 1104

Thanks very much, Taylor. Why is the Tax-Managed only 48% equity/52% fixed income? I'm looking for a 60/40 fund that's tax-advantaged and want to stick with Vanguard. Greatly appreciate your input on this and many other topics.
by veritas10
Fri Aug 12, 2011 7:55 pm
Forum: Investing - Theory, News & General
Topic: A slightly different type of 60/40 balanced fund?
Replies: 7
Views: 1104

A slightly different type of 60/40 balanced fund?

The fixed income portion of the Vanguard Balanced Index Fund (about 40% of the overall portfolio) is comprised of taxable bonds. In the interests of simplicity, diversification, risk management and a low expense ratio, I find this fund to be a good one. (In fact, I own some shares in my 401(k) accou...
by veritas10
Tue Nov 30, 2010 10:29 pm
Forum: Local Chapters and Bogleheads Community
Topic: Rick Ferri in HOUSTON on January 15, 2011
Replies: 46
Views: 9574

Please count me in.

Thanks.
by veritas10
Thu Feb 11, 2010 11:24 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Balanced Index Fund (VBINX)
Replies: 6
Views: 3181

Vanguard Balanced Index Fund (VBINX)

VBINX is offered through my 401(k) plan and the concept of a 60/40 fund is attractive to me. One issue I have with it, however, is that its annual turnover rate is just north of 50%. Anyone have insight as to why the rate is so incredibly high? Thanks.
by veritas10
Sun Jan 31, 2010 3:26 pm
Forum: Personal Consumer Issues
Topic: Looking for new car invoice prices........
Replies: 15
Views: 2918

Try truecar.com.
by veritas10
Fri Aug 14, 2009 5:41 pm
Forum: Investing - Help with Personal Investments
Topic: Using a Roth IRA to fund college instead of a 529 plan
Replies: 6
Views: 2143

maybe he "can't" open a 529 Maxing out retirement accounts(401k, 457s, Roths, IRAs etc) and then start funding a 529 is usually the advice given around here. I would hazard to guess many people can't or need to do all of the above. I know I can't. I am setting a little aside each month in a 529. I'...
by veritas10
Fri Aug 14, 2009 9:41 am
Forum: Investing - Help with Personal Investments
Topic: Using a Roth IRA to fund college instead of a 529 plan
Replies: 6
Views: 2143

Using a Roth IRA to fund college instead of a 529 plan

A friend who lives in California just told me that he plans to use his Roth IRA instead of starting to fund a 529 account to fund the cost of college for his two children. I asked what convinced him to take that approach and his only responses were that he has more flexibility in terms of which asse...
by veritas10
Wed Jul 22, 2009 3:52 pm
Forum: Investing - Help with Personal Investments
Topic: Help with selecting bond index fund in taxable account
Replies: 4
Views: 1390

Thanks, Mr. Larimore and tarnation. Very helpful advice (as usual) and definitely will look into following it.
by veritas10
Wed Jul 22, 2009 10:55 am
Forum: Investing - Help with Personal Investments
Topic: Help with selecting bond index fund in taxable account
Replies: 4
Views: 1390

Help with selecting bond index fund in taxable account

Would appreciate your help with identifying the appropriate bond index fund(s) for me to invest in through my after-tax account. I'm in the highest marginal federal tax bracket, although I don't pay any state income tax as I live in Texas. I hold the Vanguard Intermediate Bond Index Fund in my IRA (...
by veritas10
Thu Apr 23, 2009 7:33 am
Forum: Investing - Help with Personal Investments
Topic: IRAs and Annuities
Replies: 6
Views: 1511

I am not sure, but assume he is a CFP - my father had used him for many years. Also another bit of info my mother is 73 and would be 83 when the 10 year defferal is completely done. I gues I was right... So he's suggesting that your mother lock up all or a part of her money for ten years starting a...
by veritas10
Tue Dec 23, 2008 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: VG Intermediate Term Bond Index v. Total Bond Mkt Index
Replies: 6
Views: 1970

VG Intermediate Term Bond Index v. Total Bond Mkt Index

Which of the two do you recommend over the other and why? Thanks for your replies.
by veritas10
Sat Nov 15, 2008 2:36 pm
Forum: Investing - Help with Personal Investments
Topic: Cost Basis
Replies: 6
Views: 1488

Cost basis also is relevant for IRAs if you've made non-deductible contributions. If you have, then make sure that you prepare and file IRS Form 8606 to keep track of your basis.
by veritas10
Tue Jul 22, 2008 8:28 pm
Forum: Investing - Help with Personal Investments
Topic: Total Bond Mkt Index Fund v. Intermediate-Term Bond Index
Replies: 13
Views: 3881

Thanks to all for your replies. Would appreciate comments from others as well.
by veritas10
Tue Jul 22, 2008 7:40 pm
Forum: Investing - Help with Personal Investments
Topic: Total Bond Mkt Index Fund v. Intermediate-Term Bond Index
Replies: 13
Views: 3881

chaz wrote:veritas10, Ilike both. I have TBM in my Target Retirement fund. I also have Intermed Bond Index in a separate fund.

Good luck.
Thanks. What are the differences between the two, other than Intermediate's slightly longer duration?
by veritas10
Sun May 25, 2008 1:46 pm
Forum: Investing - Help with Personal Investments
Topic: How often do you buy?
Replies: 21
Views: 5426

How often do you buy?

Just wondering how often others send money to Vanguard. I buy shares in a Vanguard index fund once each week. I understand that "time" diversification is a helpful component in mitigating risk as well as potentially increasing returns, so I have done this for the last five years and intend to do so ...
by veritas10
Sat May 17, 2008 5:12 pm
Forum: Investing - Help with Personal Investments
Topic: Total Bond Mkt Index Fund v. Intermediate Term Bond Index Fu
Replies: 3
Views: 1500

Total Bond Mkt Index Fund v. Intermediate Term Bond Index Fu

Which do you prefer and why?

Thanks for your comments.
by veritas10
Sun May 04, 2008 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: The Truth About Income Taxes
Replies: 23
Views: 6051

ALB said that " t's the people in the middle who are being f*cked by Congress and the IRS, people like me in the upper five figure to lower six figure range who have significant earned income but won't be able to cash in on capital gains for decades." I agree with you regarding the first portion of ...
by veritas10
Sun Apr 27, 2008 12:39 pm
Forum: Investing - Help with Personal Investments
Topic: Variable Annuity and T-IRAs
Replies: 15
Views: 2991

Just as an FYI, the Securities and Exchange Commission issued a warning to investors several years ago (sometime in 2000 or 2001, I believe) that investing in an annuity through an IRA account was suspect, and that many questions should be asked before doing so.
by veritas10
Sat Apr 26, 2008 10:11 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard's 529 plan
Replies: 1
Views: 885

Vanguard's 529 plan

Does anyone invest in Vanguard's 529 plan? My family and I live in Texas, so we are not entitled to a state tax deduction for any contributions to a 529 plan. Vanguard's plan looks appealing as it offers about 20 index funds, including the total international fund. Thanks for any insight you may hav...
by veritas10
Fri Mar 21, 2008 8:15 am
Forum: Investing - Help with Personal Investments
Topic: Help with MLP and taxes
Replies: 19
Views: 9772

Gain on the sale of a partnership interest (including an interest in an MLP treated as a partnership for tax purposes) generally is capital gain. (There are certain exceptions, but they are rather limited.) Therefore, it seems that your gain on the sale of the MLP interest should be reported on Sche...