Search found 728 matches

by Morik
Mon Oct 28, 2019 2:44 pm
Forum: Personal Investments
Topic: $930,000 new money to invest
Replies: 35
Views: 3791

Re: $930,000 new money to invest

Personally I would invest all of it immediately, because every other option has a lower expected value (assuming a few things, listed below). If I were anxious about it, or otherwise questioning myself, I'd take a long look at my asset allocation and decide if it is right for me or not. Let's say yo...
by Morik
Mon Oct 28, 2019 10:38 am
Forum: Personal Consumer Issues
Topic: How much do you plan to spend on your children's weddings?
Replies: 182
Views: 8788

Re: How much do you plan to spend on your children's weddings?

I think the amount to spend on a wedding can vary widely. Some people really enjoy having a big fancy event that they can reminisce about for the rest of their lives. Other people don't care so much. I think it really comes down to the personality of the people involved--how important 'ceremony' in ...
by Morik
Mon Oct 28, 2019 9:12 am
Forum: Investing - Theory, News & General
Topic: Total International vs separate funds
Replies: 24
Views: 1727

Re: Total International vs separate funds

Holding separate funds does not require re-balancing if you are holding at market weight, because if you start at market weight, any changes to your holdings are still going to be the new market weight. So there is no re-balancing benefit. The only benefit I can think of is tax loss harvesting--by ...
by Morik
Sat Oct 26, 2019 3:45 pm
Forum: Investing - Theory, News & General
Topic: Total International vs separate funds
Replies: 24
Views: 1727

Re: Total International vs separate funds

Holding separate funds does not require re-balancing if you are holding at market weight, because if you start at market weight, any changes to your holdings are still going to be the new market weight. So there is no re-balancing benefit. The only benefit I can think of is tax loss harvesting--by h...
by Morik
Sat Oct 26, 2019 11:31 am
Forum: Personal Consumer Issues
Topic: Bid on airline upgrade? (Icelandair)
Replies: 11
Views: 1014

Re: Bid on airline upgrade? (Icelandair)

I have heard that more European & Scandinavian airlines are starting to do this. I've heard positive things from coworkers who travel a lot--that it can be a great way to get into business class at a significant discount. Typically the winning bids will be a lot less than the cost of just buying bus...
by Morik
Fri Oct 25, 2019 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1091
Views: 307319

Re: Share your networth progression

1) Parents paid for college (no debt). (I did work during college, but just for spending money; they covered rent, food, tuition, books, etc). This is a huge boost to early wealth. (And I realize I had nothing to do with it.) 2) Parents helped with first house purchase to the tune of $250k (~half u...
by Morik
Fri Oct 25, 2019 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: I no longer plan on retiring early
Replies: 110
Views: 15101

Re: I no longer plan on retiring early

I find myself going back and forth on this a lot. My spouse wants to continue working forever (well, until health issues stop her from doing so). I always envisioned early retirement. I haven't been really tracking 'my number', but if we both continue working til we are 67 (30 years from now), we w...
by Morik
Fri Oct 25, 2019 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: I no longer plan on retiring early
Replies: 110
Views: 15101

Re: I no longer plan on retiring early

I find myself going back and forth on this a lot. My spouse wants to continue working forever (well, until health issues stop her from doing so). I always envisioned early retirement. I haven't been really tracking 'my number', but if we both continue working til we are 67 (30 years from now), we wi...
by Morik
Thu Oct 24, 2019 12:04 pm
Forum: Personal Investments
Topic: Semi-seasoned Boglehead looking for review
Replies: 15
Views: 1630

Re: Semi-seasoned Boglehead looking for review

Thanks for the replies! bloom2708: You actually hit on one of my big questions/decision points. I can certainly put bonds in His 401k (and actually can do so at 0.02% vs the 0.025% that I currently have) but I can't do that and approximate Total Stock Market there. This is a common error I see peop...
by Morik
Thu Oct 24, 2019 10:42 am
Forum: Personal Consumer Issues
Topic: Jump rope recommendations
Replies: 9
Views: 655

Re: Jump rope recommendations

I have one of those adjustable ropes, something like this: https://www.amazon.com/Survival-Cross-Jump-Rope-International/dp/B00LGXE5NS/ref=sr_1_1_sspa?keywords=jump+rope Not sure if that is the exact one I have, but it looks like that. I've been happy with it--it is nice being able to adjust it perf...
by Morik
Wed Oct 23, 2019 10:55 am
Forum: Personal Investments
Topic: Portfolio checkup, simplifying some stuff, a few questions
Replies: 5
Views: 1058

Re: Portfolio checkup, simplifying some stuff, a few questions

My thought on the ibonds was something like: - The yield, while lower than total bond market, is relatively close. (Right now, 1.9% for ibonds, vs 2.24% (SEC yield) for BND.) - It accumulates federal tax-deferred, and is state tax free. - There are purchase limits; so if I want more of this in the f...
by Morik
Thu Oct 17, 2019 4:37 pm
Forum: Personal Investments
Topic: [Need help - Safe place to put $125k?]
Replies: 30
Views: 2315

Re: Need help

If you look on bankrates.com or similar sites they will list the current interest rates at a veriety of banks. You can also find CDs listed on that site and similar sites. Right now vio has one of the highest rates I'm aware of (2.42%). CFG has 2.5%. For someone unused to online banking I'd probabl...
by Morik
Wed Oct 16, 2019 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: What steps, if any, to take in the event of an accounting mistake made by my IRA custodian?
Replies: 0
Views: 158

What steps, if any, to take in the event of an accounting mistake made by my IRA custodian?

Hi Bogleheads, I have a Roth IRA held with Strata that I had set up for investing with Lending Club. (I am no longer investing in LC notes, as the outstanding notes wind down I'm xfering the cash back to my vanguard account.) Anyway, Strata charges a $25 fee when moving some assets to another IRA cu...
by Morik
Fri Oct 11, 2019 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Possible credit fraud/identity theft, questions
Replies: 4
Views: 375

Re: Possible credit fraud/identity theft, questions

I'm on the line with experian now, placing a fraud alert (all bureaus) & freezing my credit (just experian), and will be calling transunion & equifax to set freezes on those as well as soon as I'm off the phone with experian.
by Morik
Fri Oct 11, 2019 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Possible credit fraud/identity theft, questions
Replies: 4
Views: 375

Re: Possible credit fraud/identity theft, questions

I doubt 10 minutes is going to make much difference. I am not able to call immediately due to a work meeting that is about to start, it is a short meeting and I will be calling right after that (within the next 30 minutes).
by Morik
Fri Oct 11, 2019 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Possible credit fraud/identity theft, questions
Replies: 4
Views: 375

Possible credit fraud/identity theft, questions

I monitor my credit from 3 bureaus (Equifax, Experian, TransUnion) via various free services. I got an alert, went and looked, and found 5-10 hard inquiries have been reported starting a few days ago (several on the 8th, several on the 9th, a few on the 10th) across a variety of credit providers (ba...
by Morik
Thu Oct 10, 2019 9:15 am
Forum: Personal Investments
Topic: [Need help - Safe place to put $125k?]
Replies: 30
Views: 2315

Re: Need help

He gets $1,300 from social security plus on average he uses another $1200 per month from his savings. He thought that by putting about $50,000 in a Vanguard account of some kind he could make money on his savings. Is that not a good idea? Bad, bad idea. At the rate your friend is going be he’s goin...
by Morik
Thu Oct 10, 2019 8:29 am
Forum: Personal Investments
Topic: [Need help - Safe place to put $125k?]
Replies: 30
Views: 2315

Re: Need help

If you look on bankrates.com or similar sites they will list the current interest rates at a veriety of banks. You can also find CDs listed on that site and similar sites. Right now vio has one of the highest rates I'm aware of (2.42%). CFG has 2.5%. For someone unused to online banking I'd probabl...
by Morik
Thu Oct 10, 2019 6:16 am
Forum: Personal Investments
Topic: [Need help - Safe place to put $125k?]
Replies: 30
Views: 2315

Re: Need help

If you look on bankrates.com or similar sites they will list the current interest rates at a veriety of banks. You can also find CDs listed on that site and similar sites. Right now vio has one of the highest rates I'm aware of (2.42%). CFG has 2.5%. For someone unused to online banking I'd probably...
by Morik
Wed Oct 09, 2019 7:09 pm
Forum: Personal Investments
Topic: very low income - Roth IRA contribution?
Replies: 7
Views: 550

Re: very low income - Roth IRA contribution?

The basic employee contribution limit for 2019 is $19,000. The $19,000 limit includes all elective employee salary deferrals, as well as any after-tax contributions made to a designated Roth account within your 401(k). Since he earned less than $19,000, he is limited to his w2 amount before taxes a...
by Morik
Wed Oct 09, 2019 6:06 pm
Forum: Personal Investments
Topic: Portfolio checkup, simplifying some stuff, a few questions
Replies: 5
Views: 1058

Re: Portfolio checkup, simplifying some stuff, a few questions

I have given it some more thought, and will be replacing the real estate, dropping explicit allocation to it. (Leaving whatever real estate is held as part of the total stock market index.) In the contract that can't hold the liquid form of TRAD, I will go for the equity index. But for the other con...
by Morik
Tue Oct 08, 2019 5:38 pm
Forum: Personal Investments
Topic: Portfolio checkup, simplifying some stuff, a few questions
Replies: 5
Views: 1058

Portfolio checkup, simplifying some stuff, a few questions

Hi Bogleheads, I haven't been active on the forum for a while, but am still chugging along. When I first went to passive investing, it was with a 3-fund portfolio (I think... could be misremembering). Over time I nerded a bit and tried some slicing/factor tilts. I also sent some money to lending clu...
by Morik
Fri Jul 20, 2018 9:05 am
Forum: Personal Consumer Issues
Topic: How do I find information on home security cameras that came with the house?
Replies: 15
Views: 1515

Re: How do I find information on home security cameras that came with the house?

I got the # of the electrician who purchased & installed it from the builder, I'll call & verify it is the home depot one.

Right--no recording device, the wires are fed into the basement by the electric panel (separate box near the panel).
by Morik
Wed Jul 18, 2018 7:35 pm
Forum: Personal Consumer Issues
Topic: How do I find information on home security cameras that came with the house?
Replies: 15
Views: 1515

Re: How do I find information on home security cameras that came with the house?

I have a picture. https://preview.ibb.co/kagUtd/IMG_20180718_195152.jpg I don't have a picture of the wire terminations--they were in a box that was screwed shut and I was too lazy to go find my screwdriver (I'm not particularly handy) and step ladder to get to it. If needed to identify it I can get...
by Morik
Tue Jul 17, 2018 11:34 am
Forum: Personal Consumer Issues
Topic: How do I find information on home security cameras that came with the house?
Replies: 15
Views: 1515

How do I find information on home security cameras that came with the house?

I recently got a new house. The builder pre-installed two security cameras on the exterior. I asked him about them and he basically just shrugged and said they were security cameras. I couldn't get a model # off him, or any instructions for how to use them. I don't know what brand they are. The wire...
by Morik
Wed Oct 25, 2017 2:53 pm
Forum: Personal Consumer Issues
Topic: Package addresssed to my address, someone else's name, on house I am selling
Replies: 35
Views: 10807

Package addresssed to my address, someone else's name, on house I am selling

My wife & recently moved and are selling our old house. She dropped by the house to do something or other and found a package on the porch. It was addressed properly to that house, but the name on the package is one neither of us recognized. The package appears to contain a new smartphone. How do I ...
by Morik
Sat Oct 14, 2017 5:39 pm
Forum: Personal Consumer Issues
Topic: Earplugs that work on low frequency noise?
Replies: 35
Views: 6027

Re: Earplugs that work on low frequency noise?

hightower wrote:
Sat Oct 14, 2017 3:09 pm
That's BS to have a mowing crew starting up loud motors at 8am on a weekend. That's an a**hole move in my book.
Its on week days, not weekends. I'll try the yellow ear plugs, and if that doesn't work I'll go talk to them. (The yellow ear plugs sound like they'd be useful for all sorts of sounds.)
by Morik
Fri Oct 13, 2017 9:44 am
Forum: Personal Consumer Issues
Topic: Earplugs that work on low frequency noise?
Replies: 35
Views: 6027

Re: Earplugs that work on low frequency noise?

If you own your home, replacing the windows in your bedroom or getting a soundproofing second window installed over them would be worthwhile, but probably not for a rental. In that case, just make sure that they are sealed properly and get light- and noise-blocking barrier covers instead. We do own...
by Morik
Fri Oct 13, 2017 9:40 am
Forum: Personal Consumer Issues
Topic: Earplugs that work on low frequency noise?
Replies: 35
Views: 6027

Re: Earplugs that work on low frequency noise?

Try a white noise generator for the bedroom. We use 2 already (mechanical). The motor of the riding mower is significantly louder than the white noise generated. Check with your city as well, our city ordinance prohibits construction work and lawn work before 9am on weekends, your city may have som...
by Morik
Fri Oct 13, 2017 9:26 am
Forum: Personal Consumer Issues
Topic: Earplugs that work on low frequency noise?
Replies: 35
Views: 6027

Earplugs that work on low frequency noise?

Hi all, I recently moved. One of my neighbors has a massive, massive lawn (they have a big complex with several very large houses, etc). It turns out they get it mowed with a riding mower at 8 am on some weekdays. The riding mower is loud enough to wake me up, and loud enough that I cannot get back ...
by Morik
Sat Aug 12, 2017 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Personal mortgage loan
Replies: 16
Views: 1420

Re: Personal mortgage loan

I am not positive, so have others confirm, but I think it works as follows: If you charge less than the going market rate for interest, I think you have to count the difference as a gift. E.g., if the going rate is 4% and lets say you make $400/year in interest to keep the math simple. If instead yo...
by Morik
Thu Jun 08, 2017 10:04 am
Forum: Personal Consumer Issues
Topic: Question about some hail damage to my house
Replies: 4
Views: 928

Re: Question about some hail damage to my house

So it sounds like: - If the roof was leaking I'd know it--its been a few years, no leaks. - The weatherproofing behind the vinyl isn't meant to hold up forever, I should patch the siding. The 2nd contractor (who told me it is aesthetics) asked if we had any leftover vinyl to patch with--I don't thin...
by Morik
Mon Jun 05, 2017 8:42 pm
Forum: Personal Consumer Issues
Topic: Gas station prices and quality
Replies: 116
Views: 14171

Re: Gas station prices and quality

https://www.edmunds.com/car-care/is-cheap-gas-bad-for-your-car.html http://www.consumerreports.org/car-maintenance/study-shows-top-tier-gasoline-worth-extra-price/ I use Shell & Mobile, but my car has a turbo engine that tends towards running dirty. I alternate between the two every 5k miles so the...
by Morik
Mon Jun 05, 2017 8:19 pm
Forum: Personal Consumer Issues
Topic: Gas station prices and quality
Replies: 116
Views: 14171

Re: Gas station prices and quality

https://www.edmunds.com/car-care/is-cheap-gas-bad-for-your-car.html http://www.consumerreports.org/car-maintenance/study-shows-top-tier-gasoline-worth-extra-price/ I use Shell & Mobile, but my car has a turbo engine that tends towards running dirty. I alternate between the two every 5k miles so thei...
by Morik
Mon Jun 05, 2017 8:05 pm
Forum: Personal Consumer Issues
Topic: Question about some hail damage to my house
Replies: 4
Views: 928

Question about some hail damage to my house

I had some hail damage to my house a few years ago. A roofer repairing other people's hail damage in the area recently convinced me to get it looked at. I filed an insurance claim and had them come inspect it--they came up with around $17k in damage, and sent me $7k ($10k deductible). I contacted th...
by Morik
Thu Apr 06, 2017 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: How many financial secrets?
Replies: 58
Views: 7425

Re: How many financial secrets?

No financial secrets (that I'm aware of) between me & my wife. That said, she couldn't name all of our accounts/who we have accounts with. I doubt she could give an off-the-top-of-her-head estimate of our net worth. I can do both of those things. (I do have a document shared with her with all our ac...
by Morik
Sat Apr 01, 2017 4:06 pm
Forum: Investing - Theory, News & General
Topic: Why do REITs have high growth if housing only keeps up with inflation?
Replies: 19
Views: 2549

Re: Why do REITs have high growth if housing only keeps up with inflation?

The value of real estate generally only keeps up with inflation, but there are also profits to be made off of existing real estate. Further, REITs generally are just holding stock in companies that profit off of real estate. (Not owning real estate directly.) So REIT returns are influenced by: - st...
by Morik
Sat Apr 01, 2017 12:30 pm
Forum: Investing - Theory, News & General
Topic: Why do REITs have high growth if housing only keeps up with inflation?
Replies: 19
Views: 2549

Re: Why do REITs have high growth if housing only keeps up with inflation?

The value of real estate generally only keeps up with inflation, but there are also profits to be made off of existing real estate. Further, REITs generally are just holding stock in companies that profit off of real estate. (Not owning real estate directly.) So REIT returns are influenced by: - sto...
by Morik
Fri Mar 31, 2017 1:30 pm
Forum: Personal Investments
Topic: Currently have $700,000 at 26 years old get $100,000 a year
Replies: 165
Views: 32218

Re: Currently have $700,000 at 26 years old get $100,000 a year

Haven't read through the whole thread, but a few pieces of advice: 1) Give a lot of thought to your goals--what do you want to do in life? Do any of your goals require more money than you have access to now/will have access to in the future if you don't make any changes? If your goals are all doable...
by Morik
Fri Mar 10, 2017 12:21 pm
Forum: Investing - Theory, News & General
Topic: Sitting on cash....Waiting for a crash
Replies: 175
Views: 34121

Re: Sitting on cash....Waiting for a crash

The market can remain irrational longer than you can remain solvent. This, essentially. 1. It is really hard to be correct about the market currently being irrational. (Generally only in hindsight.) 2. Even if you are correct, getting the timing down is very hard. E.g., the 2008 crash was predicted...
by Morik
Mon Mar 06, 2017 4:57 pm
Forum: Personal Consumer Issues
Topic: Car engines. Turbo vs no turbo
Replies: 68
Views: 11812

Re: Car engines. Turbo vs no turbo

I can't speak as to reliability. I can say that I enjoy driving turbo cars more than non-turbo cars. I test drove cars with roughly similar horsepower (testing turbo vs non-turbo) and the turbo engine really gives it a kick for torque. That said, the experience isn't for everyone. There is a slight ...
by Morik
Mon Mar 06, 2017 4:32 pm
Forum: Personal Consumer Issues
Topic: How often do you discuss finances and spending with your spouse?
Replies: 60
Views: 5402

Re: How often do you discuss finances and spending with your spouse?

I would be thrilled to discuss finances & spending with my spouse regularly. My spouse does not want to discuss finances in general. Her stance is: if you want to handle all that fine, if not lets just get an adviser. (We used to do adviser, now I just handle it. She wants basically 0 details beyond...
by Morik
Thu Mar 02, 2017 7:01 pm
Forum: Personal Consumer Issues
Topic: Do Boglehead DIY or Pay a Professional?
Replies: 95
Views: 10755

Re: Do Boglehead DIY or Pay a Professional?

Here is a handy guide (completely made up by me): Can you afford to pay someone to do it? No--> DIY Yes-> Do you enjoy doing it? No-->Is the cost of paying someone ridiculous compared to how long it would take you to do it yourself? Yes->Do you have way more money than you need? Yes -> Pay someone N...
by Morik
Thu Feb 02, 2017 9:55 pm
Forum: Personal Investments
Topic: Am I being given needlessly complicated advice?
Replies: 31
Views: 4541

Re: Am I being given needlessly complicated advice?

Yes, needlessly complicated. You can do perfectly well with 1-3 funds (1 all-in-one like a target retirement fund, otherwise 2-3 (whole world stock market/US bond market; can break whole world up into total US & total international as total world fund may have more international than you want. You a...
by Morik
Wed Feb 01, 2017 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: Should I say YES or NO to this new job responsibility?
Replies: 44
Views: 4937

Re: Should I say YES or NO to this new job responsibility?

Disclaimer: I don't work in your industry. I would discuss what you aren't going to be doing anymore if you pick up the new work with your boss--you are already working 45-65 hours a week. How many hours a week would you expect to work if you pick up this additional responsibility? I'd tell them tha...
by Morik
Mon Jan 30, 2017 8:32 pm
Forum: Investing - Theory, News & General
Topic: Roth 401k question
Replies: 4
Views: 797

Re: Roth 401k question

Yes, for completeness Soon2BXProgrammer mentioned a 3rd category, 'after-tax', which is distinct from Roth and on which you do pay tax on earnings when you withdraw (but put in after-tax money, and aren't taxed again on the contribution). It isn't common, and if possible people who use it generally ...
by Morik
Thu Jan 26, 2017 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Question about inherited TSP vs inherited IRA
Replies: 4
Views: 1000

Re: Question about inherited TSP vs inherited IRA

She was talking about her own TSP, not my father's. (Though we didn't know she could roll it into her own; she will look into that.) I take it that beneficiaries of a TSP can just put it in an inherited IRA, based on my reading. So no different tax treatment for the beneficiary. Trying to get info f...
by Morik
Thu Jan 26, 2017 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Question about inherited TSP vs inherited IRA
Replies: 4
Views: 1000

Question about inherited TSP vs inherited IRA

Background: Father recently passed, my mother is trying to get her finances in order. My mother inherited a TSP from my father (~200k) and also has her own TSP (~800k). My mother is facing a deadline to decide what to do with her TSP. She needs to choose whether to leave the money in TSP (and take R...
by Morik
Fri Jan 20, 2017 4:02 pm
Forum: Personal Investments
Topic: Early 30s couple looking for general feedback and advice on tax and retirement investing
Replies: 3
Views: 1009

Re: Early 30s couple looking for general feedback and advice on tax and retirement investing

Just popped in regarding the mortgage (didn't read the rest, sorry, may later): If you are putting $10-$15k/year in extra payments towards the mortgage, you may want to look into a 15 year refinance; you could get a lower interest rate. It would raise the required payment per month; if the amount it...
by Morik
Fri Jan 20, 2017 3:08 pm
Forum: Investing - Theory, News & General
Topic: ER's Now Itemized in 401k
Replies: 2
Views: 738

Re: ER's Now Itemized in 401k

The only thing like that in my 401k is that 4 times a year all of my funds are charged for a total of $5.25 going towards the $21/year administration/recordkeeping fee of the 401k. E.g., I see: Date Transaction Description Fund Name Quantity Price Transaction Amount 12/05/2016 Fee Total Bond Mkt Ix ...