Search found 552 matches

by Nearly A Moose
Thu Oct 12, 2017 2:45 pm
Forum: Personal Consumer Issues
Topic: SUV options with 3 little kids
Replies: 57
Views: 3378

Re: SUV options with 3 little kids

minivan, quit fighting it Honestly, and this is coming getting a guy who drive a 330 HP car before kids, just get a minivan. Every time I've rented one on vacation, I've asked myself why I bothered with my SUV. They have tons of interior space, amazing cargo capacity (seriously, i can't see out the...
by Nearly A Moose
Thu Oct 12, 2017 2:35 pm
Forum: Personal Consumer Issues
Topic: SUV options with 3 little kids
Replies: 57
Views: 3378

Re: SUV options with 3 little kids

minivan, quit fighting it Honestly, and this is coming getting a guy who drive a 330 HP car before kids, just get a minivan. Every time I've rented one on vacation, I've asked myself why I bothered with my SUV. They have tons of interior space, amazing cargo capacity (seriously, i can't see out the...
by Nearly A Moose
Thu Oct 12, 2017 12:02 pm
Forum: Investing - Help with Personal Investments
Topic: ESPP with Walmart (associate stock purchase plan)
Replies: 8
Views: 646

Re: ESPP with Walmart (associate stock purchase plan)

So you're basically taking the risk that Walmart shares will drop more than 15% before you can sell the ESPP shares, right? Or conversely, that if there is a downturn, you're not able to hold the stock through the recovery and/or the company never recovers. I think this depends on how large this amo...
by Nearly A Moose
Wed Oct 11, 2017 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Card - Should I get a Replacement
Replies: 47
Views: 2689

Re: Social Security Card - Should I get a Replacement

This is one of those life deals where you won't need it until the one time you DO need it, and then you'll be kicking yourself for deciding not to replace it. Corollary: If you don't get it then you'll need it, but if you do get it you won't need it. Your choice. Yup, pretty much guaranteed to go d...
by Nearly A Moose
Wed Oct 11, 2017 11:24 am
Forum: Investing - Help with Personal Investments
Topic: What to do with a down payment nest egg?
Replies: 15
Views: 1648

Re: What to do with a down payment nest egg?

Effects of inflation won't be disastrous over a 2 year period. Use a high interest savings account, CDs, or a short-term bond fund. You'll need to do the math, but it's possible that at your marginal tax rate the tax savings from a muni bond fund will offset the slight underperformance compared to a...
by Nearly A Moose
Tue Oct 10, 2017 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: I need a better online checking w billpay and mobile check deposit
Replies: 34
Views: 2663

Re: I need a better online checking w billpay and mobile check deposit

I've found Charkes Schwab Bank to be good. Their website is a bit dated, but things work, and their phone service is excellent.
by Nearly A Moose
Tue Oct 10, 2017 1:37 pm
Forum: Investing - Help with Personal Investments
Topic: Mechanics of 1035 Exchange out of Whole Life - Directions Needed
Replies: 6
Views: 542

Re: Mechanics of 1035 Exchange out of Whole Life - Directions Needed

I just did this earlier this year. Call Mass Mutual and verify you don't have any surrender charges. How long have you held the policy? If you have a continued need for life insurance, get an appropriate term policy in place first. While you are waiting for this, you may want to suspend your premiu...
by Nearly A Moose
Tue Oct 10, 2017 8:55 am
Forum: Investing - Help with Personal Investments
Topic: Mechanics of 1035 Exchange out of Whole Life - Directions Needed
Replies: 6
Views: 542

Re: Mechanics of 1035 Exchange out of Whole Life - Directions Needed

Taking the liberty of bumping my post one time. Would love to hear any further input on the mechanics. I've seen this recommended a lot as a way to get out of a WL policy, but much less on follow through. I've had one expensive financial lesson in the process, don't really want another...

Thanks
by Nearly A Moose
Tue Oct 10, 2017 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Mint - Issues with showing my account details
Replies: 15
Views: 1306

Re: Mint - Issues with showing my account details

I've been using Mint since 2013 (or maybe 2012--I can't remember). It frequently (every 3-4 months) doubles or triples accounts. I notice it mostly on investment/retirement accounts and rarely on credit cards. In the beginning, I didn't mind manually closing the extra accounts, but it does get anno...
by Nearly A Moose
Tue Oct 10, 2017 8:50 am
Forum: Personal Finance (Not Investing)
Topic: What do you do with your empty inkjet cartridges?
Replies: 22
Views: 1577

Re: What do you do with your empty inkjet cartridges?

HP used to enclose a little "return and recycle" post-paid envelope with each new cartridge. That lasted about a year. Now I just throw them out, for lack of a reasonable alternative. Fun fact: these efforts are motivated as much by a desire to keep the cartridges out of the refill market as by eco...
by Nearly A Moose
Tue Oct 10, 2017 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Should I refinance...again (15y at 3.25% going to 2.875%)?
Replies: 11
Views: 1393

Re: Should I refinance...again (15y at 3.25% going to 2.875%)?

Remember, the interest paid over the life of the mortgage is in nominal terms. The real (inflation adjusted) cost is lower. But I think you're analyzing this the right way. At some point, you just need to decide that enough is enough. Seems marginally with the effort if you're a tinkerer, not worth ...
by Nearly A Moose
Mon Oct 09, 2017 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: Mint - Issues with showing my account details
Replies: 15
Views: 1306

Re: Mint - Issues with showing my account details

leonidas wrote:
Mon Oct 09, 2017 7:03 am
I left mint years ago when they were swallowed up by intuit. Personal capital is a great tool for tracking and that’s what I use now. It not reallly focused on budgeting so if that is your main purpose then I would look for something else. It does track spending.
+1 (and a good spreadsheet) :)
by Nearly A Moose
Sun Oct 08, 2017 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Paternity/Maternity Leave & Its Influence on Career Trajectory
Replies: 23
Views: 1758

Re: Paternity/Maternity Leave & Its Influence on Career Trajectory

It's really hard to answer the career trajectory part of this as it relates primarily to company culture. Do you trust your team and boss to respect your decision and incorporate you right back into the fold? Or is there some sort of eat what you kill aspect of the job? A good boss should recognize ...
by Nearly A Moose
Fri Oct 06, 2017 2:45 pm
Forum: Investing - Help with Personal Investments
Topic: Trying to convince my sister not to use a financial advisor
Replies: 59
Views: 4211

Re: Trying to convince my sister not to use a financial advisor

That's quite the fee. 1% AUM is more standard. She's overpaying by 40% to market. Maybe that's made up for by lower cost Vanguard funds? Has the advisor shown her exactly what she'd put in and what the balance would be targeted at? I bet it's very similar (if it's being done well) to what Vanguard w...
by Nearly A Moose
Fri Oct 06, 2017 2:38 pm
Forum: Investing - Help with Personal Investments
Topic: personal capital
Replies: 19
Views: 2127

Re: personal capital

They have fairly hefty management fees for a robo advisor last time I checked. I had strongly considered the Personal Capital / Betterment approach, which is what ultimately led to Bogleheads and my DIY approach. I'm thus far quite happy with the result (ask me again in 30 years :D ). I find their a...
by Nearly A Moose
Fri Oct 06, 2017 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: Mechanics of 1035 Exchange out of Whole Life - Directions Needed
Replies: 6
Views: 542

Mechanics of 1035 Exchange out of Whole Life - Directions Needed

I'm likely going to be getting out of a whole life insurance policy. From what I've read here and at the White Coat Investor, it seems like a 1035 exchange into a Vanguard annuity may be my best way out. I'm looking for a step-by-step set of instructions on how I'd do this to make sure I understand ...
by Nearly A Moose
Fri Oct 06, 2017 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone go 100% Ally or another online bank for all banking needs?
Replies: 61
Views: 5239

Re: Anyone go 100% Ally or another online bank for all banking needs?

100% online. No issues. If I didn't already have a Schwab checking account that was heavily tied into all my automatic transfers, I would simply to 100% ally.
by Nearly A Moose
Wed Oct 04, 2017 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Financial arrangement for in-laws in guest house
Replies: 13
Views: 1218

Re: Financial arrangement for in-laws in guest house

This sounds like an intergenerational wealth transfer issue, not a rental issue. You're housing your in laws just like you might house a recent college grad who needs a place while she gets her feet under her - you're not obligated to but are doing so out of the kindness of your hearts. And it's an ...
by Nearly A Moose
Wed Oct 04, 2017 9:30 am
Forum: Investing - Help with Personal Investments
Topic: Should I max out my Roth IRA as an 18 year old?
Replies: 15
Views: 851

Re: Should I max out my Roth IRA as an 18 year old?

Yes, unless you'll need that money for spending while in college, I'd recommend maxing it out or something close to it. Future you will thank you. Not just for the money saved, but also for the tax advantaged space, which is use it or lose it. If you end up in a higher income career track, that will...
by Nearly A Moose
Tue Oct 03, 2017 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Think I Should Dump this Whole Life Policy
Replies: 13
Views: 1189

Re: Think I Should Dump this Whole Life Policy

Why did you add the "Riders: Accelerated Death Benefit, Transfer of Insured, Waiver of Premium" and how much is each one costing you? They're all highly unlikely to come into play, and even if it were, the Accelerated Death Benefit might only be slightly useful decades from now. And how are your fi...
by Nearly A Moose
Tue Oct 03, 2017 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: We're Debt Free (Except our House)!
Replies: 34
Views: 3264

Re: We're Debt Free (Except our House)!

Congrats!! Suggest putting that money into long term savings. $24k per year is real money! Or if you feel good about where you are and your path, allow yourselves to grow into the cash flow *just a little bit*. Maybe increase your discretionary budget $250 or $500 a month and save the rest. Really d...
by Nearly A Moose
Tue Oct 03, 2017 8:56 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review Request - ReadyInvestor
Replies: 39
Views: 3366

Re: Portfolio Review Request - ReadyInvestor

You're getting great guidance from lafder as usual, so keep working with him. A couple thoughts to add: No need to rush with the fund changes, even over you've left your advisor. I was there a year and a half ago, so I can relay to the idea that you want to fix everything right away. I get the intu...
by Nearly A Moose
Mon Oct 02, 2017 10:40 am
Forum: Personal Finance (Not Investing)
Topic: For buying house: how do you know which schools are "good"?
Replies: 56
Views: 3900

Re: For buying house: how do you know which schools are "good"?

The rankings based on test scores can be really helpful or borderline useless, depending on a number of factors. See if you can get onto a parents listserve for the couple of communities you're most interested in. We have a very active one in our neighborhood that you can glean good info from just b...
by Nearly A Moose
Mon Oct 02, 2017 10:34 am
Forum: Investing - Help with Personal Investments
Topic: Are credit cards rewards worth it?
Replies: 103
Views: 6314

Re: Are credit cards rewards worth it?

After having our debit cards both compromised a decade ago, we don't use them except at our home ATM. They just don't provide the hassle-free security protection that credit cards do. (We got our money back, but it was gone for a few days. If it had been a larger amount at a critical time, it could...
by Nearly A Moose
Sun Oct 01, 2017 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Think I Should Dump this Whole Life Policy
Replies: 13
Views: 1189

Re: Think I Should Dump this Whole Life Policy

Best way to confirm the surrender value? Just call mass mutual? I want to avoid the agent / old advisor for the obvious reasons. I don't actually see a surrender charge listed in my contract.
by Nearly A Moose
Sun Oct 01, 2017 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: Think I Should Dump this Whole Life Policy
Replies: 13
Views: 1189

Re: Think I Should Dump this Whole Life Policy

The simplest way to compare the performance of the policy to a taxable side account: Start with the current surrender value, this may still be less than your cash value depending on how long it takes for surrender charges to go away. Start a spreadsheet with that surrender value as the starting val...
by Nearly A Moose
Sat Sep 30, 2017 2:44 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review Request - ReadyInvestor
Replies: 39
Views: 3366

Re: Portfolio Review Request - ReadyInvestor

You're getting great guidance from lafder as usual, so keep working with him. A couple thoughts to add: No need to rush with the fund changes, even over you've left your advisor. I was there a year and a half ago, so I can relay to the idea that you want to fix everything right away. But it's not li...
by Nearly A Moose
Fri Sep 29, 2017 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Think I Should Dump this Whole Life Policy
Replies: 13
Views: 1189

Re: Think I Should Dump this Whole Life Policy

Thanks for the feedback thus far. To clarify, if I get out, I'd do a 1035 exchange to a vanguard annuity but would probably then cash in the annuity to claim the loss. Is that a loss against ordinary income, or against long term capital gains. The only doubt in the back of my head is that I'd never ...
by Nearly A Moose
Fri Sep 29, 2017 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Think I Should Dump this Whole Life Policy
Replies: 13
Views: 1189

Think I Should Dump this Whole Life Policy

Dear Bogelheads, I'd like some educated feedback on whether it makes sense to drop this Whole Life policy. I'm leaning toward exiting the policy via a 1035 exchange. I recognize these threads are common and usually lead to the same advice, but it's a significant, one-way decision and so I'm hoping t...
by Nearly A Moose
Fri Sep 29, 2017 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Weird, meaningless, but fun net worth threshold!
Replies: 13
Views: 2685

Re: Weird, meaningless, but fun net worth threshold!

alpenglow wrote:
Fri Sep 29, 2017 11:07 am
Congratulations. This sort-of reminds me of the time that I opened a 3% IRA CD at PenFed and took out a 2.49% HEL (just missed 1.99%) from them for roughly the same amount. That amused me quite a bit.
Huh, so you know what it feels like to print money. Pretty cool :)
by Nearly A Moose
Fri Sep 29, 2017 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Weird, meaningless, but fun net worth threshold!
Replies: 13
Views: 2685

Re: Weird, meaningless, but fun net worth threshold!

Congratulation! :sharebeer When you found this forum, did you make lifestyle/finance changes? I found this forum as part of a journey away from my old financial adviser, so in that regard, I've completely revamped and simplified my portfolio and investment strategy. And I'm in the process of signif...
by Nearly A Moose
Fri Sep 29, 2017 8:13 am
Forum: Personal Finance (Not Investing)
Topic: Weird, meaningless, but fun net worth threshold!
Replies: 13
Views: 2685

Weird, meaningless, but fun net worth threshold!

I woke up this morning, checked Personal Capital (not my primary tracker for retirement planning, but a useful-enough daily check), and saw that my net worth is now more that the outstanding principal on my mortgage! I recognize this is a totally meaningless threshold, but it's still kind of neat in...
by Nearly A Moose
Thu Sep 28, 2017 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: Tax saving strategies for DINKs
Replies: 47
Views: 3890

Re: Tax saving strategies for DINKs

Not really much you can do. As others have mentioned, use a donor advised fund to flush out some capital gains and do your charitable giving through that. If either of you is planning on getting an advanced degree or if you think you might contribute toward a niece or nephew's education, you could o...
by Nearly A Moose
Thu Sep 28, 2017 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford this house? ("Small Law" edition)
Replies: 19
Views: 2360

Re: Can we afford this house? ("Small Law" edition)

I was going to say that mortgage payment seems high, until I saw the taxes. That's almost what I pay on a much larger note. I understand moving for the commute, but I can't imagine moving for a school I thought wasn't at least as good as the I've I have access to. Can't quite tell where you really a...
by Nearly A Moose
Thu Sep 28, 2017 9:34 pm
Forum: Investing - Help with Personal Investments
Topic: Average funds return 2017
Replies: 6
Views: 1051

Re: Average funds return 2017

I'll bite. 10.4% overall YTD internal return for a 70/30 portfolio. But this includes a 10% reit allocation (hasn't done well this year) and some of the bonds in the tsp G fund. This number is calculated using one of the internal rate of returns spreadsheets available on the wiki. I don't really hav...
by Nearly A Moose
Thu Sep 28, 2017 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: My Smartest Financial Moves
Replies: 62
Views: 6076

Re: My Smartest Financial Moves

These observations have been good, but lots of them fall into the category of "I just happened to do something by accident that turned out to work." Nothing inherently wrong with that, but it's hard to replicate and learn from. Here's something that was very intentional: Chose to attend an up-and co...
by Nearly A Moose
Wed Sep 27, 2017 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: My boneheaded financial mistakes
Replies: 77
Views: 9799

Re: My boneheaded financial mistakes

1.) I blindly following advice of HR woman during intern onboarding at MegaCorp in which she advised opting out of 401k. I pissed away a 6% company match. Total cost < $1k. 2.) I blindly following advice of HR woman during onboarding at phd student onboarding. I learned after the fact that I was el...
by Nearly A Moose
Wed Sep 27, 2017 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: My boneheaded financial mistakes
Replies: 77
Views: 9799

Re: My boneheaded financial mistakes

I'm still young(ish), so plenty of time to build on this list :o 1. Spending too much on our wedding. It was a great time and our guests enjoyed themselves, but we really could have spent $15-20k less and pocketed the money. 2. Blindly trusting my financial advisor, who told me not to fund my 401k (...
by Nearly A Moose
Tue Sep 26, 2017 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Is Personal Capital Wrong about 529 Plan Beneficiaries?
Replies: 15
Views: 1699

Re: Is Personal Capital Wrong about 529 Plan Beneficiaries?

Thanks, all. Some really knowledgeable people on this forum.
by Nearly A Moose
Tue Sep 26, 2017 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Is Personal Capital Wrong about 529 Plan Beneficiaries?
Replies: 15
Views: 1699

Re: Is Personal Capital Wrong about 529 Plan Beneficiaries?

Sorry for the length of this post. This is one of the reasons why 529 plan tax issues are so wonderful. No apologies needed, this is very informative. Seems like at the very least one shouldn't plan to absolutely be able to reassign beneficiaries down a generation, so that's good to know. I guess I...
by Nearly A Moose
Mon Sep 25, 2017 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Is Personal Capital Wrong about 529 Plan Beneficiaries?
Replies: 15
Views: 1699

Re: Is Personal Capital Wrong about 529 Plan Beneficiaries?

Personal Capital is a nifty account aggregator but I've always completely ignored their research/blog/advice etc. Very weak relative to the aggregation services. Yeah, I kind of sensed that (I personally think Betterment does a decent job). But I got sort of worried when I saw what they wrote, as i...
by Nearly A Moose
Mon Sep 25, 2017 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Risk Diversification and Office Shenanigans
Replies: 5
Views: 748

Re: Risk Diversification and Office Shenanigans

Check the predictions on fivethirtyeight.com. See where they are calling an upset or a spread that's lower than the benchmark you're using for your spreads. If your spread is Vegas odds or something, seems like a good place to look to a mathematical modeling scheme.

Sorry, that's all I've got...
by Nearly A Moose
Mon Sep 25, 2017 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Is Personal Capital Wrong about 529 Plan Beneficiaries?
Replies: 15
Views: 1699

Is Personal Capital Wrong about 529 Plan Beneficiaries?

Bogelheads, I noticed that Personal Capital is featuring a post on what to do with excess funds in a 529 plan. I thought it might be useful given that this question seems to come up often in determining how much to fund a 529 plan, but I saw something that I think is either wrong or materially incom...
by Nearly A Moose
Sun Sep 24, 2017 12:35 am
Forum: Investing - Help with Personal Investments
Topic: Continue to save for down payment or invest
Replies: 8
Views: 535

Re: Continue to save for down payment or invest

With the sounds of a known timeline or build completion, I wouldn't want to take chances the market is down and the 20% wouldn't be there for the down payment. It's not like you would just be house hunting at the time and could wait longer, save more, or find a cheaper house. I'd go for safety, eve...
by Nearly A Moose
Sat Sep 23, 2017 7:35 pm
Forum: Investing - Help with Personal Investments
Topic: Merging inheritance with different asset allocation
Replies: 17
Views: 1436

Re: Merging inheritance with different asset allocation

I haven't run the numbers because I don't have the money lying around to do it, but you're allowed to basically frontload your 529 contributions. Something like $70k at once (you then have to wait a period of I think 5 years, but please dont rely on my post for the details). The upshot is that the ...
by Nearly A Moose
Sat Sep 23, 2017 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone own a home and drop insurance coverage after mortgage paid off?
Replies: 61
Views: 4985

Re: Anyone own a home and drop insurance coverage after mortgage paid off?

So I guess what's important to note is that we are fairly sure we will do a major remodel/demo in the next handful of years. So if the place burns down then oh well, we'll accelerate the timeline. As for liability, people mention that and I guess I kinda agree. But I have my doubts as to how reason...
by Nearly A Moose
Sat Sep 23, 2017 4:22 pm
Forum: Investing - Help with Personal Investments
Topic: Struggling with tax implications
Replies: 22
Views: 2623

Re: Struggling with tax implications

MnD is emphasizing the fact that money is fungible. Say you hold all equities in your taxable account and put your bond allocation in your tax preferenced account. In 15 years you decide to hand over a small fortune to the Wedding Industrial Complex. You want to do that by seeking assets and not mes...
by Nearly A Moose
Sat Sep 23, 2017 3:13 pm
Forum: Investing - Help with Personal Investments
Topic: Merging inheritance with different asset allocation
Replies: 17
Views: 1436

Re: Merging inheritance with different asset allocation

Also, if you think you might buy a home in like 5 years or something, you might think about setting aside a downpayment fund in a somewhat conservative investment so you're not forced to sell low or something. But at 75/25, youd have $750k in bonds anyway, so presumably you could just raid that if t...
by Nearly A Moose
Sat Sep 23, 2017 3:11 pm
Forum: Investing - Help with Personal Investments
Topic: Merging inheritance with different asset allocation
Replies: 17
Views: 1436

Re: Merging inheritance with different asset allocation

I haven't run the numbers because I don't have the money lying around to do it, but you're allowed to basically frontload your 529 contributions. Something like $70k at once (you then have to wait a period of I think 5 years, but please dont rely on my post for the details). The upshot is that the m...