Search found 1206 matches

by wolf359
Tue May 22, 2018 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life vs Universal Life
Replies: 12
Views: 839

Re: Whole Life vs Universal Life

•Whole life insurance caters to long-term goals by offering consumers consistent premiums and guaranteed cash value accumulation. •Universal life insurance gives consumers flexibility in the premium payments, death benefits and the savings element of their policy. Read more: Permanent Life Policies:...
by wolf359
Tue May 22, 2018 12:43 pm
Forum: Personal Consumer Issues
Topic: Anyone Using Food Sealing Vacuums (eg FoodSaver)?
Replies: 21
Views: 1354

Re: Anyone Using Food Sealing Vacuums (eg FoodSaver)?

I second the souse vide. I'll seal food in it and throw it into the freezer. When it's time, I just move it directly to souse vide water bath and just allow extra time for defrosting. For food storage of small fruits like strawberries and raspberries, or for vegetables, I will use a glass mason jar....
by wolf359
Tue May 22, 2018 9:32 am
Forum: Investing - Help with Personal Investments
Topic: Frontloading 401k Mistake
Replies: 27
Views: 2206

Re: Frontloading 401k Mistake

Guys, just think it over will you? If one could reverse 401K contributions, wouldn't everybody do that when the market drops later in the year? You ask your company to give back all of your contribution IN DOLLARS contributed and then put it back again next day? Does legitimate excess contribution ...
by wolf359
Mon May 21, 2018 6:42 pm
Forum: Investing - Help with Personal Investments
Topic: Frontloading 401k Mistake
Replies: 27
Views: 2206

Re: Frontloading 401k Mistake

Here is what my TPA came back with: “I verified with our compliance department that there is no ability to shift deferrals between plans or to call the contributions to [First company]’s 401(k) plan an excess contribution. This participant made an affirmative election to contribution and it cannot ...
by wolf359
Mon May 21, 2018 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Finance a $28,000 house for Brother?
Replies: 73
Views: 5079

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

I recently read "The Great Depression - A Diary" by Benjamin Roth. In it, he keeps copious notes, including the prices of real estate in his area of Youngstown, Ohio. He lists both addresses and prices. Interestingly, many of the houses still exist, for the same price. A house in a depressed area on...
by wolf359
Mon May 21, 2018 9:51 am
Forum: Investing - Help with Personal Investments
Topic: Frontloading 401k Mistake
Replies: 27
Views: 2206

Re: Frontloading 401k Mistake

This is what the IRS says about it: https://www.irs.gov/retirement-plans/consequences-to-a-participant-who-makes-excess-deferrals-to-a-401k-plan This is my interpretation. Read it yourself to see if you agree. If you tell the old company that you made excessive contributions (and how much), they wil...
by wolf359
Thu May 17, 2018 7:21 pm
Forum: Personal Consumer Issues
Topic: Unique Phone Apps that you find yourself using most often?
Replies: 30
Views: 2944

Re: Unique Phone Apps that you find yourself using most often?

My latest toy is a phone charger for my car that has Alexa on it. It requires me to run an app on my phone for it to work. Ever since I got it, my 10-year-old car is suddenly voice controlled and modern. It can give me directions, play music or any podcast, or answer questions. If I am commuting to ...
by wolf359
Thu May 17, 2018 7:10 pm
Forum: Personal Consumer Issues
Topic: Growing Fruit Trees and Shrubs
Replies: 30
Views: 2387

Re: Growing Fruit Trees and Shrubs

There's a trick to preparing the soil for Blueberries. Go to Starbucks, and get a bag of what they call "Grounds for the Garden." These are their discarded coffee grounds. Develop a relationship with them, and arrange to pick them up regularly. Dig holes in your yard and bury them. Wait a year. What...
by wolf359
Thu May 17, 2018 2:16 pm
Forum: Investing - Theory, News & General
Topic: Small caps and Micro caps
Replies: 6
Views: 492

Re: Small caps and Micro caps

Small cap value tilt is finally paying off. Their performance in the last few years was not so great. The why doesn't matter so much. Different parts of the portfolio outperform or underperform at different times. If I accept that I can't predict the when, then I diversify and buy a little of everyt...
by wolf359
Thu May 17, 2018 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Need Input on My Early Retirement Plan.....
Replies: 45
Views: 5323

Re: Need Input on My Early Retirement Plan.....

For what it's worth, make sure you have a Plan B in case ObamaCare is changed in the next 15 years. Politics cannot be predicted. My Plan B is to have my mortgage paid off so that the cash flow for that is available to pay unsubsidized insurance premiums. Sounds like your idea of "changed" involves...
by wolf359
Mon May 14, 2018 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Need Input on My Early Retirement Plan.....
Replies: 45
Views: 5323

Re: Need Input on My Early Retirement Plan.....

I've been reading this thread with interest. I am in planning stages myself, but I was also considering a 3 year cash buffer. I want to do some additional pondering over that after hearing some of the reactions. However, there is this thread from 2008 https://www.bogleheads.org/forum/viewtopic.php?f...
by wolf359
Mon May 14, 2018 9:29 am
Forum: Personal Consumer Issues
Topic: Is there a boglehead muscle car?
Replies: 138
Views: 7052

Re: Is there a boglehead muscle car?

My Boglehead muscle car is a 2007 Honda Civic Hybrid. I measure my cars by their mileage, maintenance costs, and lack of impact to my budget. I have a friend with a similar car, and we bet on how high we can push the miles per gallon (The Hyper-miling Challenge). I'd rather sink my spare funds into ...
by wolf359
Mon May 14, 2018 9:09 am
Forum: Investing - Help with Personal Investments
Topic: Small cap value tilt
Replies: 15
Views: 1932

Re: Small cap value tilt

I have several questions about your plan: 1) Are you saving for retirement outside of this Roth IRA and your pension? If you are not, why not? What happens in any of the following situations: a) The pension fails? (Many pensions are underfunded after the financial crisis. There is likely to be multi...
by wolf359
Sat May 12, 2018 8:54 am
Forum: Investing - Help with Personal Investments
Topic: Just started a summer job. Should i start using them for their 401k?
Replies: 27
Views: 1700

Re: Just started a summer job. Should i start using them for their 401k?

The vesting options have to do with how much of the matching funds you get. If the employer matches a certain amount of your contributions, and you leave after 1 year, then you get to keep 20% of the extra money. If you leave after the summer (and don't stay a year), you don't get to keep any of th...
by wolf359
Fri May 11, 2018 9:45 pm
Forum: Investing - Help with Personal Investments
Topic: Just started a summer job. Should i start using them for their 401k?
Replies: 27
Views: 1700

Re: Just started a summer job. Should i start using them for their 401k?

The vesting options have to do with how much of the matching funds you get. If the employer matches a certain amount of your contributions, and you leave after 1 year, then you get to keep 20% of the extra money. If you leave after the summer (and don't stay a year), you don't get to keep any of the...
by wolf359
Fri May 11, 2018 2:28 pm
Forum: Investing - Help with Personal Investments
Topic: Is REIT a prudential investment choice at the moment?
Replies: 20
Views: 1870

Re: Is REIT a prudential investment choice at the moment?

I originally opened this thread to respond to your question, so let me do that as well. First, I would not buy this individual stock for multiple reasons: 1) It's an individual stock. Individual stocks can go to zero. Indices generally won't. If you're going to invest in stocks, invest in an index. ...
by wolf359
Fri May 11, 2018 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: Is REIT a prudential investment choice at the moment?
Replies: 20
Views: 1870

Re: Is REIT a prudential investment choice at the moment?

I'm calling a time-out. You started out by asking about REITs. Then you asked about what to invest in instead. I double-checked what you've previously posted. You earlier stated that you are new to investing, appear to have a high income, are in a medical profession, and people seem to be chucking u...
by wolf359
Fri May 11, 2018 11:41 am
Forum: Personal Finance (Not Investing)
Topic: When to claim Social Security: two reasons not to wait
Replies: 68
Views: 11497

Re: When to claim Social Security: two reasons not to wait

The article had some valuable points, but I had already accounted for most of them in my own analysis. One of his key considerations is the point at which the trust fund depletion may hit. A factor that he did not consider was where the timing of the trust fund depletion hits on your own personal ti...
by wolf359
Thu May 10, 2018 1:19 pm
Forum: Personal Consumer Issues
Topic: What's the view on dogs running free?
Replies: 110
Views: 5280

Re: What's the view on dogs running free?

Ha ha. You're on an investment forum. I thought you were talking about the strategy of not rebalancing and simply letting your assets find their own natural allocation level.

You're talking about actual dogs.
by wolf359
Thu May 10, 2018 1:16 pm
Forum: Investing - Help with Personal Investments
Topic: Simple Index Fund Question
Replies: 12
Views: 1031

Re: Simple Index Fund Question

A word of warning. QQQ tracks the NASDAQ 100, not the commonly quoted NASDAQ (which is all 3,000 stocks on the NASDAQ exchange). The NASDAQ 100 is the 100 biggest non-financial stocks on the NASDAQ. This is important because while someone might buy the S&P 500 and be able to roughly approximate the ...
by wolf359
Tue May 08, 2018 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Does it make ANY sense for a US citizen to stash emergency funds overseas?
Replies: 62
Views: 4580

Re: Does it make ANY sense for a US citizen to stash emergency funds overseas?

Invest in education and in marketable skills. Educate your kids as well. One thing that is very difficult to confiscate is knowledge, skills, and education. I don't believe stashing emergency funds overseas is necessary. What would be more important is having the ABILITY to get out if it ever came t...
by wolf359
Tue May 08, 2018 1:53 pm
Forum: Investing - Help with Personal Investments
Topic: Factors Suggesting One Should Buy SPIA
Replies: 90
Views: 6473

Re: Factors Suggesting One Should Buy SPIA

I mean, nobody’s going to put all their money into an spia, right? That's exactly what people with pensions have done. They put 100% into a (deferred immediate) annuity. Just because the annuity is run by a public company or a government instead of an insurance company doesn't make it not an annuit...
by wolf359
Mon May 07, 2018 2:57 pm
Forum: Investing - Help with Personal Investments
Topic: When did you start drawing profits from taxable?
Replies: 48
Views: 3236

Re: When did you start drawing profits from taxable?

I have two savings streams in taxable. One goes to a brokerage account, and one goes to a high yield savings account. That second one is used for current spending needs, vacations, planned purchases, etc. Some amount of it is reserved for emergencies (as a floor.) If we want to splurge, we use the s...
by wolf359
Mon May 07, 2018 8:48 am
Forum: Investing - Help with Personal Investments
Topic: Factors Suggesting One Should Buy SPIA
Replies: 90
Views: 6473

Re: Factors Suggesting One Should Buy SPIA

What are the factors that should be considered in deciding if a person should purchase a SPIA. I am not asking about what age one should purchase an annuity. I am interested in what should be considered in deciding IF an annuity should be purchased ? I have read some articles that state if one "bel...
by wolf359
Sat May 05, 2018 10:08 am
Forum: Investing - Help with Personal Investments
Topic: I inherited 1 million dollars, should I open an IRA or keep adding money to this million dollar brokerage account
Replies: 52
Views: 5039

Re: I inherited 1 million dollars, should I open an IRA or keep adding money to this million dollar brokerage account

You've accustomed to handling a net worth of a couple hundred thousand dollars or so, and suddenly you have $1 million. Stop and read this: https://www.bogleheads.org/wiki/Managing_a_windfall You're getting some good advice here, but some may not be appropriate for you personally. Follow these steps...
by wolf359
Sat May 05, 2018 9:12 am
Forum: Personal Finance (Not Investing)
Topic: How much should I save or would be available for health care in retirement?
Replies: 43
Views: 4152

Re: How much should I save or would be available for health care in retirement?

Fidelity thinks the number is $245,000 or so (this article was from 2015.) https://www.fidelity.com/about-fidelity ... ement-rise

Maybe consider about $250K of your portfolio to be set aside for health care expenses?
by wolf359
Sat May 05, 2018 9:06 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard: ETF vs MF
Replies: 38
Views: 3016

Re: Vanguard: ETF vs MF

In Vanguard and other brokerages, you can set up automatic purchases of mutual funds if you like, e.g. $100 each month in taxable or Roth IRA. You'll have to do that manually for ETFs. If you ever want to move your funds out of Vanguard in the future, ETFs are much more transferable than mutual fun...
by wolf359
Thu May 03, 2018 12:59 pm
Forum: Investing - Help with Personal Investments
Topic: Are Vanguard funds really any better than Schwab funds?
Replies: 28
Views: 2940

Re: Are Vanguard funds really any better than Schwab funds?

The fees for the funds are reported in the annual reports for both Schwab and Vanguard. Line item by line item. I was curious and looked it up myself. In fact there is a line in the annual report for fee reduction by Schwab and it is pretty small and has an overall effect on the ER of about 0.001-0...
by wolf359
Thu May 03, 2018 11:39 am
Forum: Investing - Help with Personal Investments
Topic: Are Vanguard funds really any better than Schwab funds?
Replies: 28
Views: 2940

Re: Are Vanguard funds really any better than Schwab funds?

The index funds themselves are very similar, and will have similar performance. I think Vanguard is slightly more tax friendly, but not enough to switch. Don't buy Vanguard funds from the Schwab account when Schwab offers a nearly identical product without an upcharge. Personally, I don't mind havin...
by wolf359
Thu May 03, 2018 11:28 am
Forum: Investing - Help with Personal Investments
Topic: Are Vanguard funds really any better than Schwab funds?
Replies: 28
Views: 2940

Re: Are Vanguard funds really any better than Schwab funds?

Vanguards funds are low cost because V charges only the actual costs to operate the fund. Schwab low cost funds are low cost because S has artificially set the charges low to compete with V and others who do the same. S is in business to make a profit. Since there is certainly no profit with an ER ...
by wolf359
Thu May 03, 2018 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Buying a house and High tax state.. Does it make sense anymore??
Replies: 28
Views: 2182

Re: Buying a house and High tax blue state.. Does it make sense anymore??

You're not buying a tax deduction. You're buying a home. Don't let the tax tail wag the dog. A home is a housing expense. Don't think of it as an investment, and definitely don't think of it solely in terms of taxes. The choice is between rent and buy. Taxes should be considered as an impact when ma...
by wolf359
Tue May 01, 2018 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Money Market Account or Online Savings for Emergency Fund
Replies: 23
Views: 2006

Re: Money Market Account or Online Savings for Emergency Fund

If you already have a non-retirement brokerage account at Schwab, Vanguard, Fidelity etc. putting the funds in the Prime (or muni-bond) money market fund in that account may be advantageous for yield and financial simplification (no need to open/maintain another financial account for savings). I li...
by wolf359
Wed Apr 25, 2018 9:26 am
Forum: Investing - Help with Personal Investments
Topic: Allocation to combine Dave Ramsey and Vanguard?
Replies: 79
Views: 6729

Re: Allocation to combine Dave Ramsey and Vanguard?

The S&P 500, midcap, and small cap are duplicated in the Total Stock Market index. So you could just do 75% US Total Stock Market 25% Total International Stock Market That would work, and perform very well, but at 100% equities would be a wild ride. Edit: I just read your original post more thorough...
by wolf359
Tue Apr 24, 2018 1:25 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg article on lump sum vs dollar cost averaging
Replies: 79
Views: 5966

Re: Lump Sum Vs Dollar Cost Averaging

Lump Sum does not "work better", it does have a "better expected result". Which incidentally means that some time it may work worse and some investors may have an interest in avoiding the worst possible outcomes. Look at it this way: You can participate to a gamble where you can lose $1, or win $5 ...
by wolf359
Tue Apr 24, 2018 1:23 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg article on lump sum vs dollar cost averaging
Replies: 79
Views: 5966

Re: Lump Sum Vs Dollar Cost Averaging

Lump Sum works out mathematically better. But investing is done by people, and people can have regrets. If dollar cost averaging will get someone to invest in an uncertain market rather than sitting on the sidelines, or investing then pulling the money when it starts shrinking, then DCA is the more...
by wolf359
Tue Apr 24, 2018 1:13 pm
Forum: Investing - Theory, News & General
Topic: Why are rising Bond Yields bad?
Replies: 37
Views: 4399

Re: Why are rising Bond Yields bad?

There's a useful article on Investopedia about this that is more in depth. https://www.investopedia.com/investing/how-interest-rates-affect-stock-market/ There is an old rule called "Three steps and a stumble." If the Fed raises rates three times in a row, the market is due for a fall due to the cum...
by wolf359
Tue Apr 24, 2018 12:52 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg article on lump sum vs dollar cost averaging
Replies: 79
Views: 5966

Re: Lump Sum Vs Dollar Cost Averaging

Lump Sum works out mathematically better. But investing is done by people, and people can have regrets. If dollar cost averaging will get someone to invest in an uncertain market rather than sitting on the sidelines, or investing then pulling the money when it starts shrinking, then DCA is the more ...
by wolf359
Tue Apr 24, 2018 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Does Zillow show a history of owner changes to house data?
Replies: 5
Views: 902

Re: Does Zillow show a history of owner changes to house data?

Zillow lets you create an account and claim a house as yours. I'm toying with the long term idea of doing an addition and/or reconfiguration. I don't out too much stock in Zillow's estimates (but man, if they're right about my house ... :greedy ), but since I understand a lot of their formula is ba...
by wolf359
Tue Apr 24, 2018 9:35 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: How Investors Undermine Returns
Replies: 8
Views: 1746

Re: Larry Swedroe: How Investors Undermine Returns

I don't understand how this applies. I maintain an asset allocation, and rebalance once a year. I sell the assets that have outperformed, and buy more of the ones that underperformed. That means I sold the winners and held onto the losers, just like he said. In a Boglehead context, I don't think tha...
by wolf359
Mon Apr 23, 2018 10:27 am
Forum: Investing - Theory, News & General
Topic: Boglehead Philosophy Open To Change?
Replies: 197
Views: 9286

Re: Boglehead Philosophy Open To Change?

Nisiprius & T. I've analyzed the portfolio's or funds that the FIRE community uses. Same thing, you have a mix of funds... Some people really have a grasp on what their doing & others don't. One of my favorite bloggers (Millennial Revolution) use a 60/40 Balanced Fund. Other FIRE people use individ...
by wolf359
Fri Apr 20, 2018 8:51 pm
Forum: Investing - Help with Personal Investments
Topic: mutual funds or etfs, why each
Replies: 36
Views: 2634

Re: mutual funds or etfs, why each

I prefer mutual funds because I'm at Vanguard, and can: - buy fractional shares. - set up automated investing. - get the same expense ratio when buying Admiral shares. - have met the minimum balance for Admiral shares. - can always switch to ETF later if I really want to. (Can't go from ETF to mutua...
by wolf359
Fri Apr 20, 2018 8:06 pm
Forum: Investing - Help with Personal Investments
Topic: Should I continue to hold REITs?
Replies: 48
Views: 3946

Re: Should I continue to hold REITs?

Sorry for any thread redundancy. Last year, I added some REIT (VNQ) to my IRA portfolio (app 5%) and has done nothing but lose money. Frankly, with rising rates and with the state of commercial real estate, I'm not sure I have confidence with it in the long run. I thought it would be a good way to ...
by wolf359
Wed Apr 18, 2018 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Help me explain why pre-tax investing can help when retiring in same bracket
Replies: 83
Views: 7069

Re: Help me explain why pre-tax investing can help when retiring in same bracket

I would think the government (now) likes Roth. If you choose Roth 401k or Roth IRA you certainly pay the tax now. Whatever the rate. It is paid. Starting from the bottom and filling the buckets means you pay 0%, 10%, 15%, 22% on the dollars as you fill them up. If you have a pension to fill up thos...
by wolf359
Wed Apr 18, 2018 6:24 am
Forum: Investing - Help with Personal Investments
Topic: 529 vs Amazon stock
Replies: 2
Views: 753

Re: 529 vs Amazon stock

I agree with delamer. Don't gamble with your child's education funding. Invest in broadly diversified mutual funds, or buy the prepaid plan. In fact, you may need to do both -- prepaid plans typically cover tuition, not room and board, books, fees, and other expenses. Those additional costs can almo...
by wolf359
Tue Apr 17, 2018 10:19 am
Forum: Investing - Theory, News & General
Topic: We crush stock indexes, Yale claims
Replies: 98
Views: 11625

Re: We crush stock indexes, Yale claims

I suppose it's not surprising, but has anyone questioned how they managed to absolutely trounce the TSM over a 20 year period? Was it through a superior allocation to specific asset classes, was it through stock picking, was it through market timing, etc.? They give broad sweeping views of this wit...
by wolf359
Tue Apr 17, 2018 9:59 am
Forum: Investing - Theory, News & General
Topic: China Hustle Movie
Replies: 33
Views: 4077

Re: China Hustle Movie

I heard the podcast on Stacking Benjamins, and began checking it out to find out more. I found this discussion on Bogleheads. I have not yet seen the movie, but I did find the PDF released by the producers that backed up the movie. It is located here: http://stopthechinahustle.org/PDFs/China_Hustle_...
by wolf359
Fri Apr 13, 2018 10:21 am
Forum: Personal Finance (Not Investing)
Topic: DINK High Income Earners - how to lessen the tax impact?
Replies: 25
Views: 2445

Re: DINK High Income Earners - how to lessen the tax impact?

I honestly do not know - that's a question for the accountant. All of this was done and set up on his advice/guidance, as well as discussions with other owners we know. It seemed like we were the only ones NOT set up that way. Actually, your question about lessoning the tax impact is also a good qu...
by wolf359
Fri Apr 13, 2018 10:03 am
Forum: Investing - Help with Personal Investments
Topic: How can I Invest 4 million dollars to earn 120k (inflation adjusted) a year for life?
Replies: 93
Views: 17372

Re: How can I Invest 4 million dollars to earn 120k (inflation adjusted) a year for life?

I gave all the actual reasons in the discussion just above Agggm's "no" response. I didn't provide the original "no" with no explanation. In fact, I didn't consider it to have no explanation given the context.

My final "no" was tongue in cheek.

My intent was humor, not snark. :sharebeer
by wolf359
Fri Apr 13, 2018 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Is it still worth buying a house in a state with insane property taxes
Replies: 106
Views: 12441

Re: Is it still worth buying a house in a state with insane property taxes

Tax laws have changed since last year as well. You have to run the numbers for your situation, but a mortgage will probably not help your taxes. The standard deduction is double the previous amount, which means that it will probably not make sense to itemize. Not itemizing means the mortgage interes...
by wolf359
Fri Apr 13, 2018 9:43 am
Forum: Investing - Help with Personal Investments
Topic: How can I Invest 4 million dollars to earn 120k (inflation adjusted) a year for life?
Replies: 93
Views: 17372

Re: How can I Invest 4 million dollars to earn 120k (inflation adjusted) a year for life?

Sounds like you should be considering purchasing a simple fixed annuity with some or all of that $4 million. No. Why not? I'm not a huge annuity fan, but among OPs conflicting requirements is a desire for security/safety. An SPIA (or deferred version) would provide an income floor and give him lots...