Search found 2315 matches

by student
Tue Aug 21, 2018 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: How are we doing?
Replies: 13
Views: 385

Re: How are we doing?

rashad3000 wrote:
Tue Aug 21, 2018 1:38 pm
student wrote:
Tue Aug 21, 2018 1:28 pm
I think you are doing fine. Is the pension amount in today dollar or future dollar. If it is in today dollar, you are set, assuming that the pension is secure.
The pension is based on today's dollars.
Then I think you are in a great position.
by student
Tue Aug 21, 2018 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: How are we doing?
Replies: 13
Views: 385

Re: How are we doing?

I think you are doing fine. Is the pension amount in today dollar or future dollar. If it is in today dollar, you are set, assuming that the pension is secure.
by student
Tue Aug 21, 2018 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Traditional (svf) OR Fidelity Total Bond
Replies: 8
Views: 236

Re: TIAA Traditional (svf) OR Fidelity Total Bond

It is a personal preference. I essentially use TIAA Traditional exclusively as fixed income. I am only aware of one research on it, which says it is comparable to total bond, give a slightly less return but that it smooths out the curve. http://collegeretirement.blogspot.com/2011/09/is-tiaa-traditio...
by student
Tue Aug 21, 2018 11:55 am
Forum: Personal Consumer Issues
Topic: Graduate Degree Mistakenly (?) Conferred - What to Do?
Replies: 28
Views: 1469

Re: Graduate Degree Mistakenly (?) Conferred - What to Do?

This is very unusual indeed. My employer (a midsize state university) has both human and computer program to check requirements. I would think that most universities have this in place. If you are two quarters worth of courses short, it is very unlikely that anybody can waive it legitimately. I agre...
by student
Tue Aug 21, 2018 10:37 am
Forum: Investing - Help with Personal Investments
Topic: How many brokers do you use simultaneously?
Replies: 15
Views: 539

Re: How many brokers do you use simultaneously?

I have several accounts. I am consolidate in the future but I think I will always have at least 3.
by student
Tue Aug 21, 2018 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Giving away donation receipts
Replies: 20
Views: 1067

Re: Giving away donation receipts

Hi, As background, I placed a 5 years worth of charitable contributions into the fidelity charitable fund in 2017. We don’t have a mortgage, and thus don’t itemize given the larger standard deduction. We in addition do small charitable things such as donating a 20 dollars worth bag of clean used cl...
by student
Tue Aug 21, 2018 8:01 am
Forum: Personal Finance (Not Investing)
Topic: Edward Jones rep door knocking
Replies: 69
Views: 6186

Re: Edward Jones rep door knocking

he also explained to her that she blew past her max 401k savings last year and needs to not put in more than the max. he also told them they were not eligible for the Roth IRA they set up and need to stop contributing to that as well. obviously, he was helpful from the beginning. but... If being un...
by student
Tue Aug 21, 2018 7:49 am
Forum: Investing - Theory, News & General
Topic: You Invest from JP Morgan [free trades offer]
Replies: 26
Views: 950

Re: You Invest from JP Morgan

Interesting but I think I will stick with BoA/Merrill Edge.
by student
Tue Aug 21, 2018 6:21 am
Forum: Personal Finance (Not Investing)
Topic: Giving away donation receipts
Replies: 20
Views: 1067

Re: Giving away donation receipts

I don't think this can be legally done. At first, I thought may be you could have donated on behalf of someone else but I think that is not allowed also. https://www.accountantforums.com/threads/if-you-donate-on-someone-elses-behalf-can-they-get-the-deduction.140766/ https://finance.zacks.com/gets-t...
by student
Tue Aug 21, 2018 5:17 am
Forum: Investing - Help with Personal Investments
Topic: What to do with a pile of cash?
Replies: 11
Views: 1117

Re: What to do with a pile of cash?

I think either paying the mortgage off or not is fine. Perhaps you can spend half on the mortgage, put 1/4 in emergency fund and invest 1/4.
by student
Tue Aug 21, 2018 5:04 am
Forum: Personal Consumer Issues
Topic: Cell phone insurance
Replies: 15
Views: 766

Re: Cell phone insurance

Credit card will provide insurance. As another poster noted, Citi provides 2 more years, so you will have three. Some credit cards such as https://www.wellsfargo.com/credit-cards/propel/ will cover your cell phone if you pay your cell phone bill on it.
by student
Tue Aug 21, 2018 5:02 am
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 104
Views: 12184

Re: Teachers Who Have Net Worth of $1 million +

In the thread that you have linked in the above post, you said that you have received a job offer. Did you take it? I took it - and I am enjoying it! In addition to the new job (within the technology industry), I will also be doing adjunct work at two colleges this academic year. Congratulations.
by student
Mon Aug 20, 2018 2:44 pm
Forum: Personal Consumer Issues
Topic: My son was scammed on Craigslist- how to get money back
Replies: 40
Views: 6350

Re: My son was scammed on Craigslist- how to get money back

Why would anyone assume that the institution (in this case BofA) is at fault, for what in the world should they be liable? Wiring money means you trust the other person on the receiving end. I think because everybody wants someone else to take responsibility for their loss. This law firm tried it w...
by student
Mon Aug 20, 2018 12:20 pm
Forum: Investing - Help with Personal Investments
Topic: Please help my mom with her investments
Replies: 6
Views: 634

Re: Please help my mom with her investments

It seems that she is financially secure with 1.1mil net worth. The percentage of worth in the house is a bit high for me. I would recommend the 3-fund portfolio as you have mentioned.
by student
Mon Aug 20, 2018 11:21 am
Forum: Personal Consumer Issues
Topic: File a claim for $750 worth of car damage?
Replies: 17
Views: 750

Re: File a claim for $750 worth of car damage?

Beth/Betty had the accident. Being resposible, Beth/Betty pays the $750 to Adam , car gets fixed, case over. I haven't had my morning coffee yet, but why is this complicated? :D Would you give the same answer if B caused $5000 worth of damage? Wouldn't B expect A to submit it to A's insurance? My a...
by student
Mon Aug 20, 2018 9:45 am
Forum: Personal Consumer Issues
Topic: File a claim for $750 worth of car damage?
Replies: 17
Views: 750

Re: File a claim for $750 worth of car damage?

Filing a claim may have negative effect on Adam's future insurance rate. I think Beth should offer to pay for the entire $750. As to whether this is fair to Beth, she borrowed the car for free, I assume, so yes, it is fair. If I were Adam, I would accept $500 if Beth insists that she only owes $500 ...
by student
Mon Aug 20, 2018 9:24 am
Forum: Personal Consumer Issues
Topic: My son was scammed on Craigslist- how to get money back
Replies: 40
Views: 6350

Re: My son was scammed on Craigslist- how to get money back

Why would anyone assume that the institution (in this case BofA) is at fault, for what in the world should they be liable? Wiring money means you trust the other person on the receiving end. I think because everybody wants someone else to take responsibility for their loss. This law firm tried it w...
by student
Mon Aug 20, 2018 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 104
Views: 12184

Re: Teachers Who Have Net Worth of $1 million +

As a retired teacher, I'm interested in hearing from my fellow Life-Giving Educators who were able to devote their lives to teaching, invest over time, may have started side businesses, and have amassed over $1 million net. How did you do it? Perhaps share your net worth as a testament to other you...
by student
Mon Aug 20, 2018 5:28 am
Forum: Personal Finance (Not Investing)
Topic: 'Online Banking – School Me’ 2
Replies: 27
Views: 2093

Re: 'Online Banking – School Me’ 2

nisiprius wrote:
Sun Aug 19, 2018 12:59 pm
How do you get the medallion signature guarantee?
I went to my credit union to get one many years ago. Free service for members at the time. I do not know whether it is still free.
by student
Mon Aug 20, 2018 5:20 am
Forum: Investing - Help with Personal Investments
Topic: The more I learn the less I know: general checkup, lots of questions.
Replies: 16
Views: 1908

Re: The more I learn the less I know: general checkup, lots of questions.

I would let others answer the more difficult questions. I think you are doing fine. Yes, you have some catching up to do in contributing to your retirement but it seems that it is due to a unsuccessful business, and not overspending. But you were able to save enough to pay off a condo. So it terms o...
by student
Sun Aug 19, 2018 9:14 pm
Forum: Investing - Help with Personal Investments
Topic: Leaving for new job - ? Transfer of 457/403b/hsa ?
Replies: 3
Views: 262

Re: Leaving for new job - ? Transfer of 457/403b/hsa ?

Not enough information. For example, which funds are available in the old plan and which funds are available in the new one? How much money do you have in the old plan? Are there any fees with the plans in question?
by student
Sun Aug 19, 2018 7:25 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation for 86 year old
Replies: 8
Views: 650

Re: Asset Allocation for 86 year old

How much do you need from the portfolio per year? I am thinking about putting 2 years of expenses in a high yield saving accounts from Ally. Then the next 5 years of expenses in a CD ladder maturing 3 years, 4 years, 5 years, 6 years, 7 years from now. Whatever leftover can be in an appropriate asse...
by student
Sun Aug 19, 2018 1:39 pm
Forum: Investing - Theory, News & General
Topic: TLH: Would you treat these 4 international funds as virtually interchangeable
Replies: 7
Views: 1285

Re: TLH: Would you treat these 4 international funds as virtually interchangeable

VTIAX (etf: VXUS) Vanguard Total International Stock Index Fund Admiral Shares IXUS iShares Core MSCI Total International Stock ETF VFWAX (etf: VEU) Vanguard FTSE All-World ex-US Index Fund Admiral VTMGX (etf: VEA) Vanguard Developed Markets Index Fund Admiral Shares Switching between any two of th...
by student
Sun Aug 19, 2018 8:31 am
Forum: Investing - Help with Personal Investments
Topic: Need advice on limited TIAA fund choices!
Replies: 23
Views: 847

Re: Need advice on limited TIAA fund choices!

Although the fund choices may be limited, they are in general good. Just a data point, the fixed income part of my asset allocation is essentially invested in TIAA Traditional (both the liquid and illiquid versions).

Q1: I would prefer TIAA Traditional.
Q2: Option 1.
Q3: Option 2.
by student
Sun Aug 19, 2018 6:53 am
Forum: Personal Finance (Not Investing)
Topic: Your major and investing/finance?
Replies: 96
Views: 4313

Re: Your major and investing/finance?

Valuethinker wrote:
Sun Aug 19, 2018 6:35 am
student wrote:
Sun Aug 19, 2018 4:44 am
PhD in Mathematics. I think investing is relatively fun.
And john Paulo's, a mathematician, write a very funny book about himself Vs the efficient market. "A Mathematician Plays the Market".
Thanks.
by student
Sun Aug 19, 2018 4:44 am
Forum: Personal Finance (Not Investing)
Topic: Your major and investing/finance?
Replies: 96
Views: 4313

Re: Your major and investing/finance?

PhD in Mathematics. I think investing is relatively fun.
by student
Sun Aug 19, 2018 4:34 am
Forum: Personal Finance (Not Investing)
Topic: physics/math major looking for programmer/analyst job?
Replies: 76
Views: 3651

Re: physics/math major looking for programmer/analyst job?

Thanks for the replies! - he’d love to get an ms but doesn’t have a $ to his name - he doesn’t want to become a math teacher - he’s interested in data science, has a good background for it but has not fared well in interviews for those positions. - good idea on the signal processing, etc roles Best...
by student
Sun Aug 19, 2018 4:27 am
Forum: Personal Finance (Not Investing)
Topic: 'Online Banking – School Me’ 2
Replies: 27
Views: 2093

Re: 'Online Banking – School Me’ 2

I read online reviews and I only deal with large institutions such as American Express.
by student
Fri Aug 17, 2018 8:15 pm
Forum: Investing - Help with Personal Investments
Topic: Merrill Edge "Money Account" Question
Replies: 19
Views: 2987

Re: Merrill Edge "Money Account" Question

I was wondering about the sweep option and saw this thread. Thanks for the info.
by student
Fri Aug 17, 2018 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: physics/math major looking for programmer/analyst job?
Replies: 76
Views: 3651

Re: physics/math major looking for programmer/analyst job?

- he’d love to get an ms but doesn’t have a $ to his name Most engineering (and probably CS) graduate programs will be funded. Usually covers tuition and a salary - he won't get rich, but usually enough to live on without taking a 2nd job. My data might be dated - at the time I went through, most M...
by student
Fri Aug 17, 2018 3:43 pm
Forum: Personal Consumer Issues
Topic: Best (most practical, low cost) Luggage for Airline Travel
Replies: 45
Views: 2665

Re: Best (most practical, low cost) Luggage for Airline Travel

Ebags brand is pretty good. I have their bags.
by student
Fri Aug 17, 2018 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: physics/math major looking for programmer/analyst job?
Replies: 76
Views: 3651

Re: physics/math major looking for programmer/analyst job?

Thanks for the replies! - he’d love to get an ms but doesn’t have a $ to his name - he doesn’t want to become a math teacher - he’s interested in data science, has a good background for it but has not fared well in interviews for those positions. - good idea on the signal processing, etc roles Best...
by student
Fri Aug 17, 2018 2:36 pm
Forum: Investing - Help with Personal Investments
Topic: Stable Value Funds vs Bond Fund
Replies: 13
Views: 883

Re: Stable Value Funds vs Bond Fund

The fixed income portion of my asset allocation is essentially all TIAA Traditional (which can be viewed as a stable value fund). It pays between 3% and 4%.
by student
Wed Aug 15, 2018 6:19 am
Forum: Personal Finance (Not Investing)
Topic: Brokerage checking: Fidelity, Schwab, or Vanguard
Replies: 36
Views: 3140

Re: Brokerage checking: Fidelity, Schwab, or Vanguard

If you have enough assets to qualify for Vanguard Advantage ($500K minimum in Vanguard funds), then you will also qualify for Fidelity's Premium Services ($250K in ANY assets held at Fidelity). This means you will be eligible for ATM service fee rebates even on the normal Fidelity brokerage account...
by student
Wed Aug 15, 2018 6:14 am
Forum: Investing - Help with Personal Investments
Topic: Choosing a retirement plan
Replies: 8
Views: 645

Re: Choosing a retirement plan

jkrm wrote:
Wed Aug 15, 2018 6:05 am
Thanks. I think she would be in the Maryland State Retirement and Pension System, which is a little below 70% funded ratio. Is that well funded?
You may want to take a look at https://www.actuary.org/files/80_Percen ... 071912.pdf
by student
Wed Aug 15, 2018 5:40 am
Forum: Investing - Help with Personal Investments
Topic: Choosing a retirement plan
Replies: 8
Views: 645

Re: Choosing a retirement plan

To me, the main issue is the whether the pension system is well-funded. Another question is whether she is a faculty member, if so, does she plan to move into administration which will boost her pay and whether this counts in the pension calculation as faculty pay is usually 9 or 10 months but admin...
by student
Tue Aug 14, 2018 5:08 am
Forum: Investing - Help with Personal Investments
Topic: Help explain TIAA Traditional to me
Replies: 20
Views: 1435

Re: Help explain TIAA Traditional to me

For the liquidity restrictions and choices available I would ask TIAA directly. Options, rates, liquidity restrictions are not universal and vary by institution and plan. It is a good suggestion to ask TIAA directly. I do not understand your statement "Options, rates, liquidity restrictions are not...
by student
Tue Aug 14, 2018 4:52 am
Forum: Investing - Help with Personal Investments
Topic: Funding 403(b) as Wife Starts Full-time Teaching Career
Replies: 8
Views: 586

Re: Funding 403(b) as Wife Starts Full-time Teaching Career

The 403(b) has good funds that can be used for roughly a 5-fund portfolio. Vanguard Total Intl Stock Index Institutional VTSNX 0.09 Vanguard Small Cap Index Admiral VSMAX 0.06 Vanguard Mid Cap Index Inst VMCIX 0.05 Vanguard Institutional Index Inst VINIX 0.04 Vanguard Total Bond Market Index Admiral...
by student
Mon Aug 13, 2018 9:02 pm
Forum: Investing - Help with Personal Investments
Topic: Help explain TIAA Traditional to me
Replies: 20
Views: 1435

Re: Help explain TIAA Traditional to me

Just a data point. I essentially use TIAA Traditional for my fixed income.
by student
Sun Aug 12, 2018 12:29 pm
Forum: Personal Consumer Issues
Topic: Tipping lawn service and trash pickup
Replies: 27
Views: 2062

Re: Tipping lawn service and trash pickup

Personally I won't tip cash regularly for these services but if you want to be generous, there is nothing wrong by doing it either. However please don't give beer. If they drink it and get into an accident, you may get sued.
by student
Sun Aug 12, 2018 10:20 am
Forum: Personal Finance (Not Investing)
Topic: how much car can we afford?
Replies: 130
Views: 5908

Re: how much car can we afford?

You can afford a $40,000 car on a $300,000 compensation.
by student
Sun Aug 12, 2018 10:19 am
Forum: Investing - Help with Personal Investments
Topic: Helping Parents with Retirement
Replies: 24
Views: 2146

Re: Helping Parents with Retirement

When you transfer the IRA, don't forget to get a bonus. viewtopic.php?t=196884
by student
Sun Aug 12, 2018 10:06 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review, Age 31, $1.5 million net worth
Replies: 27
Views: 5726

Re: Portfolio Review, Age 31, $1.5 million net worth

Congratulations. You are in the top 1% of your age group (net worth not including home equity).
by student
Sun Aug 12, 2018 10:02 am
Forum: Investing - Help with Personal Investments
Topic: 3 funds now, or start off with 2?
Replies: 17
Views: 1127

Re: 3 funds now, or start off with 2?

I agree with others that you can start the 3 funds now. Fidelity has no minimum so you can start investing right away.
by student
Sun Aug 12, 2018 8:47 am
Forum: Investing - Help with Personal Investments
Topic: Old dog needs to learn to manage his investments
Replies: 60
Views: 5152

Re: Old dog needs to learn to manage his investments

Others have already gave good advice. I would like to point out that you are not doing bad at all. At $600,000, without home equity, puts you in the top 21% in your age group. https://dqydj.com/net-worth-by-age-calc ... ed-states/
by student
Sun Aug 12, 2018 7:57 am
Forum: Personal Consumer Issues
Topic: How often do you check your brokerage accounts
Replies: 77
Views: 4820

Re: How often do you check your brokerage accounts

Once a week to once a quarter depending on the account.
by student
Sun Aug 12, 2018 7:48 am
Forum: Investing - Help with Personal Investments
Topic: New to the Vanguard approach and in mid 40's - how would you start?
Replies: 13
Views: 1216

Re: New to the Vanguard approach and in mid 40's - how would you start?

Yes. Relax. It is not too late. At 44, with $375,000 net worth, not including home equity, already put you in the top 13% in your age group. https://dqydj.com/net-worth-by-age-calc ... ed-states/
by student
Sat Aug 11, 2018 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Canadian Citizen and Resident
Replies: 7
Views: 559

Re: Canadian Citizen and Resident

ETF’s are hard to dollar cost average via monthly contributions cause of commissions. Perhaps the most inexpensive way is to buy the Canadian brokerages index fund equivalent even though their MER is higher than the States? It depends. The Canadian index fund equivalents can be a *lot* higher. Thus...
by student
Sat Aug 11, 2018 7:55 am
Forum: Personal Finance (Not Investing)
Topic: Financial Advisor Mandatory?
Replies: 36
Views: 3133

Re: Financial Advidor Mandatory?

I don't think anybody on this forum will recommend that you get a financial advisor. If you absolutely do not want to spend any time on investment, then just use a target fund, preferably low cost and index, such as those from Vanguard or Fidelity.