Search found 1595 matches

by bigred77
Mon May 01, 2017 5:15 pm
Forum: Investing - Help with Personal Investments
Topic: Do you count lock-up shares part of your AA?
Replies: 18
Views: 956

Re: Do you count lock-up shares part of your AA?

I personally would ignore them until they were owned without restriction (and then i would immediately liquidate them). I would view it like a bonus that I expect to receive soon but I'm not entirely sure what the amount is going to be. The only way I would view it differently is if I intended to ho...
by bigred77
Mon May 01, 2017 11:08 am
Forum: Personal Consumer Issues
Topic: buying dining table is hard
Replies: 55
Views: 3438

Re: buying dining table is hard

I personally prefer Restoration Hardware (especially if you like wood and BIG furniture). It's expensive though. You have to really keep your eyes peeled to find a good deal. We bought our dining table and 10 chairs from RH on clearance and we spent under $3k. Go to their sale page for dining room f...
by bigred77
Mon May 01, 2017 11:04 am
Forum: Investing - Theory, News & General
Topic: Are we all forgetting our taxable accounts?
Replies: 79
Views: 9875

Re: Are we all forgetting our taxable accounts?

I have no intention of giving up tax advantaged space for the sole reason of "it's easier to access my money". If and when I am able and willing to save more than my tax advantaged space will allow, then I will start a taxable account. If things go as planned I will not have taxable invest...
by bigred77
Fri Apr 21, 2017 12:59 pm
Forum: Investing - Help with Personal Investments
Topic: The Value of Debt in Retirement
Replies: 16
Views: 1387

Re: The Value of Debt in Retirement

Is it better to have 5 million in assets with 1 million in debt or 3 million in assets and no debt? It's better to have 5M in assets and 1M in debt. Because obviously I'd prefer a $4M net worth to a $3M net worth. I can liquidate assets to pay off the debt at any time. At that level of assets thoug...
by bigred77
Fri Apr 21, 2017 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Switching Insurance Companies - How painful is it?
Replies: 6
Views: 596

Re: Switching Insurance Companies - How painful is it?

I was with USAA for a number of years before switching because their costs were no longer competitive for my situation. I shopped all of my policies together because that was easiest (I did not have term life, so maybe exclude that when shopping around as I assume your premiums are locked in already...
by bigred77
Fri Apr 21, 2017 8:45 am
Forum: Personal Consumer Issues
Topic: How much to pay a housekeeper?
Replies: 23
Views: 2875

Re: How much to pay a housekeeper?

I pay a company (not an individual housekeeper) to come do a full house cleaning every other week (3k+ sq ft). They do a good job, probably takes 2 people 2-3 hours per service visit. I pay about $140 after tax per visit. I think it's a little on the high side. Major city in the South.
by bigred77
Thu Apr 20, 2017 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: How to reduce my income tax
Replies: 31
Views: 3208

Re: How to reduce my income tax

If you can get your federal income tax burden down around an effective rate of 12.5% on a gross income of over 250k than I think your doing really well.
by bigred77
Thu Apr 20, 2017 12:25 pm
Forum: Personal Consumer Issues
Topic: What To Do With My Car While in NYC
Replies: 32
Views: 2978

Re: What To Do With My Car While in NYC

Sell it or loan it to a family member (maybe they can pay you something per month to subsidize your payment)
by bigred77
Thu Apr 20, 2017 8:34 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodbye."
Replies: 336
Views: 37650

Re: Larry Swedroe says "Goodby."

Very sorry to hear this become official.

I hope Larry reconsiders in the future.
by bigred77
Wed Apr 19, 2017 12:20 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe : Integrated Investment Plan
Replies: 35
Views: 6701

Re: Larry Swedroe : Integrated Investment Plan

I sense a fair amount of pearl clutching about how Larry handled certain interactions. My thoughts: 1) I think it is important to remember that in the vast amount of scenarios it was him responding to someone else who cast the first stone IMO. 2) He has dealt with many of the issues raised over and...
by bigred77
Wed Apr 19, 2017 10:24 am
Forum: Personal Consumer Issues
Topic: Tips on Uber
Replies: 64
Views: 5330

Re: Tips on Uber

I've only tipped 2X in an Uber with over 100+ rides. My rating is around 4.7. Once when my friend (and probably me as well :D ) was obnoxiously intoxicated. Once again when I asked if they could stop at a convenience store so I could run in and buy something on my way home. Both times I gave an extr...
by bigred77
Wed Apr 19, 2017 8:16 am
Forum: Investing - Help with Personal Investments
Topic: Inherited over $500k looking to invest & produce income
Replies: 13
Views: 2476

Re: Inherited over $500k looking to invest & produce income

Thanks to all for taking the time to reply. Your thoughts, comments, and ideas are all appreciated. Just to cover some of what I've read and answer a few questions. 1. My plan is to "semi retire" or what I call live life in "financial freedom". To do that we need to create cash ...
by bigred77
Tue Apr 18, 2017 3:54 pm
Forum: Investing - Theory, News & General
Topic: Weight loss and investing
Replies: 35
Views: 4142

Re: Weight loss and investing

I see a lot of the similarities as well. My problem is I'm knowledgeable on both fronts. I know exactly what to do, how to do it, and why to do it. I have found I have pretty good financial discipline and have seen the results. I have found I have almost no diet/exercise discipline and have not seen...
by bigred77
Tue Apr 18, 2017 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: which mortgage to go with?
Replies: 5
Views: 796

Re: which mortgage to go with?

Honestly, with the cost of your housing apparently so low compared to your income I would try to take a 401k loan and just pay cash for the condo. You have 60k in cash now and want to save 20k per year going forward? Just use the first year to pay off the 401k loan and set up max retirement contribu...
by bigred77
Tue Apr 18, 2017 1:28 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe : Integrated Investment Plan
Replies: 35
Views: 6701

Re: Larry Swedroe : Integrated Investment Plan

Azanon, I think your view is incorrect. I believe Larry was only trying to give back. He was just trying to get the word out on the winning strategy. he doesn't get much of anything in return except the satisfaction of helping others. I could be wrong, but doubt it strongly. Dave Being active on a ...
by bigred77
Tue Apr 18, 2017 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Did anything surprise you in your 2016 taxes?
Replies: 83
Views: 7263

Re: Did anything surprise you in your 2016 taxes?

No real surprises other than our tax liability was higher than I would have guessed (although if I had done any projections I would have clearly seen it coming). Refinanced in late 2015 so less mortgage interest, no tuition expenses to deduct in 2016, and more income. Was an eye opener though.
by bigred77
Tue Apr 18, 2017 8:35 am
Forum: Personal Finance (Not Investing)
Topic: My kids don't care about saving
Replies: 114
Views: 11664

Re: My kids don't care about saving

I am in my early 30s and my parents advice at least helped me get to the point of saving in my 20s. My dad, who is completely anti-stock market, sent me an article right after I graduated about how saving a little bit in your 401k in your 20s can lead to being a millionaire later in life. That led m...
by bigred77
Mon Apr 17, 2017 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Carrying a mortgage into retirement
Replies: 39
Views: 4721

Re: Carrying a mortgage into retirement

It's probably not a difference maker for you either way if you'd prefer to carry a mortgage or just pay cash for the house. If mortgage rates are back up over 5%, 6% in 4 years then I think it makes paying cash pretty appealing. If you are comfortable with the additional risk, you'd probably come ah...
by bigred77
Mon Apr 17, 2017 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Reporting - Bond ETFs (AGG)
Replies: 1
Views: 182

Re: Tax Reporting - Bond ETFs (AGG)

I have answered my own question searching online. I wasn't aware of the difference in classification, even if both are taxed at ordinary income tax rates.

If anyone else had the same question see this: http://www.etf.com/etf-education-center ... -need-know
by bigred77
Mon Apr 17, 2017 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Tax Reporting - Bond ETFs (AGG)
Replies: 1
Views: 182

Tax Reporting - Bond ETFs (AGG)

I'm helping my mother with her taxes. With her limited income, she holds a small amount of money in a taxable bond ETF (AGG) in a taxable brokerage account. I expected her year end statement to show interest income on a 1099-INT. Instead, her income from the fund is reported as "Total Ordinary ...
by bigred77
Mon Apr 17, 2017 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Employer Being "Bought Out" By Another Company
Replies: 11
Views: 1125

Re: Employer Being "Bought Out" By Another Company

So far I have only been employed by a company who bought out another. We have typically offered jobs to employees of the acquired target when and where we have openings or foresee the need for additional manpower as a result of the acquisition. There is typically a pretty decent severance package fo...
by bigred77
Sun Apr 16, 2017 11:30 pm
Forum: Personal Finance (Not Investing)
Topic: Is spending 15K to furnish home too much?
Replies: 39
Views: 4719

Re: Is spending 15K to furnish home too much?

I went from a 1 bed room condo to a 3k sq ft house and vastly underestimated how much furnishing it would cost. Probably spent 30k-40k over a 3 year period buying quality furniture. Love how everything looks now and hopefully those expenses are behind us (mostly).
by bigred77
Fri Apr 14, 2017 10:24 am
Forum: Personal Finance (Not Investing)
Topic: What constitutes "a lot" of money?
Replies: 81
Views: 11483

Re: What constitutes "a lot" of money?

"A lot" of money to me just keeps going up and up and up... When I first entered the workforce almost 10 years ago: -A couple hundred dollars could sustain me for months (excluding rent). - I thought the only people who made $100k+ were fortune 500 VPs and above. They were rich beyond comp...
by bigred77
Thu Apr 13, 2017 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: 529/son got accepted to medical school whahoooo!
Replies: 30
Views: 3440

Re: 529/son got accepted to medical school whahoooo!

Do you have any other children with potential higher education costs coming down the pipeline? Any notions about funding 529 plan for current/future grand kids? If answering no to both questions above then i would get out of equities entirely. If yes to one of the above I would still de-risk the 529...
by bigred77
Thu Apr 13, 2017 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: million dollar condo?
Replies: 33
Views: 4017

Re: million dollar condo?

If you are early in your career, a rapidly gentrifying area in a rapidly growing city is the ideal location for you to own a property in (especially if you don't have kids yet)! Just enjoy the price appreciation and lower carrying costs. If/when you have kids who are approaching school age, then tak...
by bigred77
Thu Apr 13, 2017 11:44 am
Forum: Personal Consumer Issues
Topic: Meeting with Wells Fargo Financial Advisor Yesterday - Strange Perspective Regarding Mutual Funds
Replies: 18
Views: 2295

Re: Meeting with Wells Fargo Financial Advisor Yesterday - Strange Perspective Regarding Mutual Funds

A.) I can make outlandish statements too without any backup or evidence to support my proclamations. B.) If he really could beat the S&P 500 by 300 basis points, with less risk no doubt, then why is he pitching retail clients at Wells Fargo instead of being featured in the Financial Times and th...
by bigred77
Wed Apr 12, 2017 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: Paying down HELOC
Replies: 12
Views: 1275

Re: Paying down HELOC

What about splitting the difference -- keep $15K for emergencies and pay down $15K on the HELOC? Regardless of if you decide to pay it down or not I would look into refinancing the HELOC. 5.5% is awfully high. If you pay the balance off and keep it open as an E fund I would still try to get better ...
by bigred77
Wed Apr 12, 2017 12:29 pm
Forum: Investing - Theory, News & General
Topic: Future Return - Siegel vs “new normal”
Replies: 21
Views: 2430

Re: Future Return - Siegel vs “new normal”

It would take a pretty darn convincing argument to convince me that "this time, it's different". The article fails to even come close to a convincing argument in my opinion. According to Advisor Perspectives’ Jill Mislinksi, the market currently is 98% above a trendline based on the S&...
by bigred77
Wed Apr 12, 2017 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: New Car Purchase: Having my cake and eating it too?
Replies: 16
Views: 2350

Re: New Car Purchase: Having my cake and eating it too?

The scenario you describe is fairly common. Example: The local Ford dealer prices off "Dealer Invoice" (this in itself may be worthless). MSRP is listed for each car (this too may be worthless). MSRP is some number higher than Dealer Invoice. Ford will often have a Financing incentive ($1...
by bigred77
Wed Apr 12, 2017 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Wouldn't you know, Fell off ACA subsidy cliff!!
Replies: 17
Views: 2348

Re: Wouldn't you know, Fell off ACA subsidy cliff!!

Can a contribution be made in the sons name to a traditional IRA (up to the amount of his earned income only I suppose) to try and lower the MAGI and get some of the subsidy back?
by bigred77
Tue Apr 11, 2017 3:51 pm
Forum: Investing - Theory, News & General
Topic: Assuming a random walk for retirement planning
Replies: 17
Views: 2576

Re: Assuming a random walk for retirement planning

Conclusion: For retirement planning, it is reasonable to model returns as a random walk, and not worry about the impact, if any, of mean reversion type phenomena. Moreover, this should be done, since if you simply use the historical sequence you only have around 3 independent time periods on which ...
by bigred77
Mon Apr 10, 2017 11:40 am
Forum: Personal Finance (Not Investing)
Topic: When to slow down.
Replies: 33
Views: 5422

Re: When to slow down.

I appreciate everyone's advice. Figured I'd work till next April and have a good 30k in the bank. My government job pays for my schooling so it's definitely something I have to get back into in order to better myself and earn more money potentially. Being a millennial I am guilty of wanting everyth...
by bigred77
Thu Apr 06, 2017 11:26 am
Forum: Personal Finance (Not Investing)
Topic: How many financial secrets?
Replies: 58
Views: 5775

Re: How many financial secrets?

My spouse cares, but isn't really interested in the family finances. I pay bills, set aside savings, make investment decisions, manage reoccurring expenses, manage debt levels, complete our taxes, etc. She has a set amount of money every 1st and 15th for her personal use (as do I). We discuss major...
by bigred77
Thu Apr 06, 2017 11:07 am
Forum: Personal Finance (Not Investing)
Topic: How many financial secrets?
Replies: 58
Views: 5775

Re: How many financial secrets?

My spouse cares, but isn't really interested in the family finances. I pay bills, set aside savings, make investment decisions, manage reoccurring expenses, manage debt levels, complete our taxes, etc. She has a set amount of money every 1st and 15th for her personal use (as do I). We discuss major ...
by bigred77
Wed Apr 05, 2017 12:22 pm
Forum: Investing - Theory, News & General
Topic: Use Debt Instead Of Cash/Fixed Income In Asset Allocation?
Replies: 15
Views: 1784

Re: Use Debt Instead Of Cash/Fixed Income In Asset Allocation?

I subscribe to a variation of this idea while in the accumulation phase. All of my investments are in tax advantaged accounts. I have nothing in the way of taxable investments and I don't really have an emergency fund per se. I use all excess funds to pay down debt. I have a HELOC in place and acces...
by bigred77
Tue Apr 04, 2017 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Help with college choice
Replies: 125
Views: 5869

Re: Help with college choice

You need more information to make the best choice. What are the career goals of the student post graduation? Where do they think they'll want to live post graduation? Will the student benefit from smaller class sizes or are large lecture halls just fine? Any interest in Greek life/ extra curriculars...
by bigred77
Mon Apr 03, 2017 7:48 pm
Forum: Personal Consumer Issues
Topic: Law school-most cost efficient, yet quality, way to get Real Estate law degree?
Replies: 37
Views: 2742

Re: Law school-most cost efficient, yet quality, way to get Real Estate law degree?

It sounds to me like you might want to explore becoming a realtor... my understanding is that there are pretty low barriers to entry in that profession and if your good, you can make some good money.
by bigred77
Mon Apr 03, 2017 7:15 pm
Forum: Personal Consumer Issues
Topic: Dream vacation spots?
Replies: 81
Views: 8647

Re: Dream vacation spots?

Islay is great. Start the day at Ardbeg, take your tour and get your dram. Saunter on down to Lagavulin and do the same. Meander down the coast to Laphroaig watching the sea lions and do it again. Hitch up to Bowmore to explore the round church and have another dram then you can take a late afterno...
by bigred77
Mon Apr 03, 2017 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Got my second comma -- what is this anticlimactic feeling?
Replies: 55
Views: 6885

Re: Got my second comma -- what is this anticlimactic feeling?

I can only tell you that once I achieve 2 commas in net worth including home equity I am going to celebrate big time. I will then celebrate big time when I reach 2 commas in net worth excluding home equity. I will then celebrate big time every time I hit some sort of round number goal because I don'...
by bigred77
Mon Apr 03, 2017 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: IS 200k household income "middle income" these days? Has that threshold increased?
Replies: 42
Views: 2929

Re: IS 200k household income "middle income" these days? Has that threshold increased?

A single person earning 100k annually is in the top 10% of individual income earners in the US. A household earning 200k annually is in the top 6% or so of households in the US. That income is not middle anything. Even in very HCOL locations it is not middle class. Now it may be middle of the pack i...
by bigred77
Mon Apr 03, 2017 2:55 pm
Forum: Investing - Theory, News & General
Topic: I don't understand how commercial real estate making money
Replies: 41
Views: 4151

Re: I don't understand how commercial real estate making money

I think in Houston if you bought/own in prime locations (in and around the inner loop, especially on the west side) then you do pretty well when oil prices boom and you don't necessarily lose your shirt when they bust. These are high price, lower risk/return areas. If you buy further out from the ci...
by bigred77
Mon Apr 03, 2017 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Balancing saving, investing, and living?
Replies: 23
Views: 2564

Re: Balancing saving, investing, and living?

I don't really budget all that intensely. I pick a retirement savings percentage that I'm comfortable with (about 25%), then I indulge in some mental accounting (set aside predetermined amounts into a travel fund, car replacement fund, whatever you deem necessary), and then I simply spend the rest. ...
by bigred77
Mon Apr 03, 2017 11:48 am
Forum: Investing - Help with Personal Investments
Topic: international real estate ETFs in 403b
Replies: 3
Views: 226

Re: international real estate ETFs in 403b

Do you have any kind of IRA (or an old 401k/403b/457 from a previous employer that you can roll over to a IRA)?

That would be the easiest way. Transfer an IRA balance to Vanguard/Fidelity/Schwab and you should be able to access foreign REITs. I use Vanguard's VNQI.
by bigred77
Mon Apr 03, 2017 11:42 am
Forum: Personal Consumer Issues
Topic: Screwed over by the airlines...
Replies: 42
Views: 4994

Re: Screwed over by the airlines...

I think the main mistake was just simply canceling the tickets. i understand the thought that went through your mind but if you had not done this I think you could have persuaded Southwest to simply put you on the later flight with no additional costs (assuming space available). I have frequently bo...
by bigred77
Mon Apr 03, 2017 10:47 am
Forum: Investing - Help with Personal Investments
Topic: Using inheritance money to pay down mortgage
Replies: 15
Views: 1218

Re: Using inheritance money to pay down mortgage

If I were in this position I would prefer sort of an all or nothing approach. If I took the position that interest rate on the mortgage is low, I can make more by investing the funds into my portfolio, and it's the mathematically prudent thing to do, then i would invest all of the inheritance. I als...
by bigred77
Mon Apr 03, 2017 9:26 am
Forum: Investing - Theory, News & General
Topic: 100% stocks in ROTH?
Replies: 27
Views: 1824

Re: 100% stocks in ROTH?

That is exactly what i do and roughly my line of thinking. I want the assets I expect to grow best to be put in my tax free accounts. Although you could make the argument to me that basically all I'm doing is increasing the risk of my portfolio and trying to trick myself into not realizing it. I do ...
by bigred77
Mon Apr 03, 2017 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Young-ish bogleheads: How much (if any) social security do you expect in retirement?
Replies: 88
Views: 4659

Re: Young-ish bogleheads: How much (if any) social security do you expect in retirement?

Early 30s. I expect the full retirement age will be pushed back. I also expect the cap on SS earnings and/or the tax percentage to increase. Other than those haircuts I more or less expect to receive what I am promised. Although I will probably have to postpone to my early/mid 70s to receive an equi...
by bigred77
Thu Mar 30, 2017 1:18 pm
Forum: Personal Consumer Issues
Topic: Is the secret to getting wealthy...
Replies: 48
Views: 4606

Re: Is the secret to getting wealthy...

The one concept they always bring up that I've always admired the concept of creating multiple income streams. I've tried to implement it into my own life but have failed. I don't have a skill set suited for anything like that and I value my free time too highly apparently. I've decided instead to f...
by bigred77
Thu Mar 30, 2017 1:09 pm
Forum: Investing - Theory, News & General
Topic: How much international stock? A suggestion.
Replies: 193
Views: 28562

Re: John Bogle on international

I was away from the forum for a while. Good to see more folks have made progress in objectively evaluating the merits of arguments made in this debate rather than appealing to authority, citing past performance figures of cherry-picked periods, and violating investment principles otherwise espoused...
by bigred77
Wed Mar 29, 2017 8:01 pm
Forum: Investing - Help with Personal Investments
Topic: Selling Covered Calls - LEAPS
Replies: 7
Views: 905

Re: Selling Covered Calls - LEAPS

If you no longer feel comfortable owning those positions then you should sell them. If you have to pay more taxes next year then congratulations are in order because guess what, you made money! Options are probably not appropriate for the vast majority of retail investors. In your post I didn't see ...

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