Search found 891 matches

by mlipps
Tue Nov 27, 2012 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Where to apply 'new' cash flow?
Replies: 10
Views: 1303

Re: Where to apply 'new' cash flow?

If you have luck applying payments only to your unsubsidized loans, please post back here. I have a similar set up on mine, and in order to lower my AGI for the year, I want to pay off the accrued interest on my unsub loans. I think I'm going to end up calling and doing an electronic payment for mine.
by mlipps
Tue Nov 27, 2012 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Student Loans vs. Retirement Savings
Replies: 17
Views: 2471

Re: Student Loans vs. Retirement Savings

If you have an emergency fund, read this article on the Wiki: http://www.bogleheads.org/wiki/Roth_IRA_as_an_emergency_fund This is what I'm currently doing as I pay down $30k in student loans. Basically, you just hold part of your emergency fund in your Roth to sort of "reserve" the space, then star...
by mlipps
Mon Nov 26, 2012 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Age 18, should I get a credit card?
Replies: 39
Views: 2399

Re: Age 18, should I get a credit card?

This doesn't really work like it used to either thanks to the CARD act. Authorized user is a minimal boost to your credit report now compared to what it used to be. I didn't see anything in the CARD act that addressed authorized users. Could you quote the relevant information? Brian Maybe I'm wrong...
by mlipps
Mon Nov 26, 2012 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Spouse financial education
Replies: 35
Views: 2796

Re: Spouse financial education

Case-in-point, many women are better at spending money then paying bills. Wow. Sometimes I wonder why woman (like myself) even visit this board... To metaphorically "smack some sense" into close-minded individuals needing some mentoring. :twisted: I would be more than happy to mentor any close-mind...
by mlipps
Mon Nov 26, 2012 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Age 18, should I get a credit card?
Replies: 39
Views: 2399

Re: Age 18, should I get a credit card?

My suggestion is to ask your parents to add you as a user to one of their existing cards. That will allow you to build a credit history without trying to open an account for yourself. This recommendation is not good if your parents have problems with paying their own cards and have poor credit scor...
by mlipps
Mon Nov 26, 2012 4:04 pm
Forum: Personal Consumer Issues
Topic: Vacation to Washington DC
Replies: 44
Views: 3830

Re: Vacation to Washington DC

When I was there visiting last year, I stayed at a Kimpton property by Adams Morgan for $79/night+parking. That price seems pretty expensive to me, but I'm not sure how much those things fluctuate by season.
by mlipps
Mon Nov 26, 2012 3:16 pm
Forum: Personal Consumer Issues
Topic: Winter Boots
Replies: 27
Views: 4368

Re: Winter Boots

Go here. http://www.rei.com/category/4500006_Men%27s+Footwear If you have an REI nearby, visit the store and get recommendations from the people in the store based on your budget, physique, purpose, frequency of use etc. Some good brands are Keen, Asolo, Salomon, Vasque, Danner, Merrell etc. For sa...
by mlipps
Mon Nov 26, 2012 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Age 18, should I get a credit card?
Replies: 39
Views: 2399

Re: Age 18, should I get a credit card?

Assuming you can get a card, I don't think it's really going to hurt anything. Personally, I ran a decent balance on my card most of the time in college, utilizing 80-90% of my credit limit sometimes. Of course it goes against every rule in the book to do this, but it was more or less out of necessi...
by mlipps
Mon Nov 26, 2012 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Spouse financial education
Replies: 35
Views: 2796

Re: Spouse financial education

Case-in-point, many women are better at spending money then paying bills. Excuse you? How incredibly sexist and ridiculous. My mom pays all the bills in their household (although my dad is perfectly capable of doing so) and, as I said, I pay all of them in mine. Take your ignorance somewhere else p...
by mlipps
Sun Nov 25, 2012 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Spouse financial education
Replies: 35
Views: 2796

Re: Spouse financial education

As far as something to show projected balance based on upcoming bills, PNC Virtual Wallet does something similar. I love my account there and am a big fan of Virtual Wallet's many features. For the bills, I think the best you can do is automate as much as you can and hope for the best. I'm pretty su...
by mlipps
Sun Nov 25, 2012 12:07 am
Forum: Investing - Theory, News & General
Topic: No wonder people are confused...[Selecting retirement plans]
Replies: 29
Views: 3966

Re: No wonder people are confused...

That doesn't even account for the fact that we have two other providers! Luckily, the default is TIAA with 1% contributions that increase 1% automatically each year up to 5% to get the full match. I think they're trying to be helpful, but I agree that for most it's a detriment. For me though, it's g...
by mlipps
Sat Nov 24, 2012 3:44 pm
Forum: Investing - Theory, News & General
Topic: No wonder people are confused...[Selecting retirement plans]
Replies: 29
Views: 3966

Re: No wonder people are confused...

My 403(b) with Fidelity has 300 options, of which about 6-8 are index funds. I agree that it's ridiculous, but I'd still rather have 294 bad choices and 6 good ones instead of 10 mediocre options.
by mlipps
Tue Nov 20, 2012 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Do you respect your HR department? [career question]
Replies: 49
Views: 4545

Re: Do you respect your HR department? [career question]

I'm always the person who knows all the ins and out and rules of different things, so I think I would do well w/keeping a company in compliance w/assorted regulations. My strengths are learning extremely quickly (an asset for most any position, really), understanding complex concepts, quantitative ...
by mlipps
Tue Nov 20, 2012 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Do you respect your HR department? [career question]
Replies: 49
Views: 4545

Re: Do you respect your HR department? [career question]

I think there are various things within HR that I would enjoy. Some of them include recruiting, mediation between staff/supervisors (in a good company where this could be done effectively anyway), and benefits management. I'm always the person who knows all the ins and out and rules of different thi...
by mlipps
Mon Nov 19, 2012 5:32 pm
Forum: Personal Consumer Issues
Topic: Farming and Homesteading Thoughts/Advice?
Replies: 27
Views: 2383

Re: Farming and Homesteading Thoughts/Advice?

Does anyone here have any experience or insight into small scale homesteading, farming, and/or ranching? I have been contemplating, in an on-again/off-again manner, quitting my office job and buying some land to farm and raise some animals on. It would be a small-scale operation, nothing beyond 30 ...
by mlipps
Mon Nov 19, 2012 3:14 pm
Forum: Investing - Help with Personal Investments
Topic: 24 year old investment help!
Replies: 17
Views: 1422

Re: 24 year old investment help!

To me, cashing out your ROTH for a down payment is a bad, but not horrible, idea. What DOES seem like a horrible idea is being a landlord with essentially no emergency fund. As a renter, I have 6 months emergency fund, and when I purchase a home I plan to expand that to 12+ months. There are so many...
by mlipps
Sun Nov 18, 2012 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: Do you respect your HR department? [career question]
Replies: 49
Views: 4545

Re: Do you respect your HR department? [career question]

I thought I was pretty cynical. And I detest the nomenclature "human resources" rather than "personnel." I am a person, not a "resource!" But I really am bothered by the casual contempt shown in some of the postings above. Certainly, the HR department is what it is. I don't believe the interests of...
by mlipps
Thu Nov 15, 2012 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Do you respect your HR department? [career question]
Replies: 49
Views: 4545

Re: Do you respect your HR department? [career question]

I think most of your answers have confirmed my suspicions: it could be an interesting and rewarding career, but in most companies, it's a challenging position that mainly consists of fronting for the management and can leave you pretty powerless yourself. Back to trying to convince myself I can tack...
by mlipps
Thu Nov 15, 2012 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Do you respect your HR department? [career question]
Replies: 49
Views: 4545

Do you respect your HR department? [career question]

I recently started a new position at a university, which means I can attend school for free. I'm contemplating a few paths, mainly HR or getting my CPA/CFP. My concern with the CPA/CFP is that it is a lot of studying/testing, and although I know I'm capable, I'm not sure I have truly have the self-d...
by mlipps
Fri Nov 09, 2012 10:41 pm
Forum: Personal Consumer Issues
Topic: Where To Buy Gifts That Support Charities?
Replies: 17
Views: 1432

Re: Where To Buy Gifts That Support Charities?

Found this one tonight, a little quirkier, I love some of the stuff here:
http://helpink.org/
by mlipps
Tue Nov 06, 2012 12:12 pm
Forum: Investing - Help with Personal Investments
Topic: Help Choosing my 401K administrator
Replies: 3
Views: 251

Re: Help Choosing my 401K administrator

Assuming you have to pick just one plan, I would pick the one that fits best in your overall portfolio now and how you project it will in the future. Unless you see this as just a short-term job and really want to make a choice based on one fund offering, then I think you have to look at how the pl...
by mlipps
Tue Nov 06, 2012 10:06 am
Forum: Investing - Help with Personal Investments
Topic: Help Choosing my 401K administrator
Replies: 3
Views: 251

Help Choosing my 401K administrator

I'm starting a new job next week and have a strange situation. My employer gives me the option of 3 different companies for my 403(b) contributions. They are TIAA-CREF, Fidelity, and VALIC. VALIC seems a bit unconventional, so I don't think I'll choose it, but I'm a bit torn between Fidelity and TIA...
by mlipps
Mon Oct 29, 2012 12:57 pm
Forum: Local Chapters and Bogleheads Community
Topic: Good luck to those hit by Hurricane Sandy...
Replies: 79
Views: 6478

Re: Good luck to those hit by Hurricane Sandy...

Yeah, I live in Northern Silver Spring but in a pretty new building and we didn't lose power during the derecho, unlike nearly everyone else. We're sitting here watching the outages climb on the Pepco website. Stay safe.
by mlipps
Sun Oct 28, 2012 7:43 pm
Forum: Local Chapters and Bogleheads Community
Topic: Good luck to those hit by Hurricane Sandy...
Replies: 79
Views: 6478

Re: Good luck to those hit by Hurricane Sandy...

- Cars filled with gas so they can replenish the generator fuel containers (with appropriate siphon). - Laundry caught up. Boring, essential chore that will be appreciated in a few days. No hints on which spouse took care of this, but I recommend hiding the beer until this is done. :wink: For those...
by mlipps
Sun Oct 28, 2012 1:49 pm
Forum: Local Chapters and Bogleheads Community
Topic: Good luck to those hit by Hurricane Sandy...
Replies: 79
Views: 6478

Re: Good luck to those hit by Hurricane Sandy...

In DC here, so I think we're going to be ok, just preparing for some power outages and water line breaks. We went to the store Friday night to stock up on water and they were already sold out. Figure the rain will start any minute. Little late for Hurricane Sandy prep, but if this has sparked anyone...
by mlipps
Fri Oct 26, 2012 2:42 pm
Forum: Investing - Help with Personal Investments
Topic: My parent's retirement
Replies: 20
Views: 1636

Re: My parent's retirement

Hate to say it but they both need to keep working as long as they are able to. You say your mom has a minimum wage job, can she get something that pays more? If not full time can she work full time? My mom works full time. She's definitely capable of doing something else, but nothing pays much. Whe...
by mlipps
Fri Oct 26, 2012 2:33 pm
Forum: Investing - Help with Personal Investments
Topic: My parent's retirement
Replies: 20
Views: 1636

Re: My parent's retirement

Annually, they make around $42k before taxes. At this level of income they can likely qualify for at least getting a partial retirment savings credit so it would be good to look at these numbers. I don't recall but I any 401K and HSA contributions may be subtracted from their income in calculating ...
by mlipps
Fri Oct 26, 2012 2:31 pm
Forum: Investing - Help with Personal Investments
Topic: My parent's retirement
Replies: 20
Views: 1636

Re: My parent's retirement

Your mom could take a spousal benefit that would be equal to half of what you dad gets, which would mean they would have more total SS when the time comes. Great suggestion. Not sure if I'm correct, but let's say your father does retire at FRA and your mother decides to keep working. I believe your...
by mlipps
Fri Oct 26, 2012 1:47 pm
Forum: Investing - Help with Personal Investments
Topic: My parent's retirement
Replies: 20
Views: 1636

Re: My parent's retirement

My mom has a budget. I just don't want to pry too much. They're very frugal and I know that they'll make do w/whatever they have. They definitely can't move to a lower cost of living area, they live in rural Ohio and it doesn't get much cheaper. I'm just trying to figure out how to best maximize wha...
by mlipps
Fri Oct 26, 2012 12:45 pm
Forum: Investing - Help with Personal Investments
Topic: My parent's retirement
Replies: 20
Views: 1636

Re: My parent's retirement

I've been reading some about taxation of SS benefits, as well as things like the "Extra Help" program available for help w/prescription premiums. Because my parents have no taxable investments, nor a Roth, I'm nervous about their tax burden in retirement. Their marginal rate will be the same as it ...
by mlipps
Fri Oct 26, 2012 12:32 pm
Forum: Investing - Help with Personal Investments
Topic: My parent's retirement
Replies: 20
Views: 1636

Re: My parent's retirement

Annually, they make around $42k before taxes. My best guess is that their normal household expenses are around $15-20k. Their biggest problem is that their health insurance quality is declining each year. Their deductibles have gone up every year for probably 10 years now. My dad has COPD so he rout...
by mlipps
Fri Oct 26, 2012 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: My parent's retirement
Replies: 20
Views: 1636

Re: My parent's retirement

I've been reading some about taxation of SS benefits, as well as things like the "Extra Help" program available for help w/prescription premiums. Because my parents have no taxable investments, nor a Roth, I'm nervous about their tax burden in retirement. Their marginal rate will be the same as it ...
by mlipps
Fri Oct 26, 2012 10:12 am
Forum: Investing - Help with Personal Investments
Topic: My parent's retirement
Replies: 20
Views: 1636

Re: My parent's retirement

*bump* :)
by mlipps
Thu Oct 25, 2012 4:31 pm
Forum: Investing - Help with Personal Investments
Topic: My parent's retirement
Replies: 20
Views: 1636

My parent's retirement

I've been talking with my parents for a while to gather all their information. They don't make a lot of money but have been frugal and done their best all their lives. I'm trying to help them figure out how to best work w/what they have, as well as plan for the future when they have to draw Social S...
by mlipps
Tue Oct 23, 2012 11:31 am
Forum: Investing - Help with Personal Investments
Topic: How does a plan for early retirement affect where you invest
Replies: 31
Views: 3762

Re: How does a plan for early retirement affect where you in

I assume you don't plan to ever have kids. Because if you do you can toss those early retirement plans right out the window unless your income level is extraordinarily higher than normal and you can put aside massive amounts in taxable accounts. You should read Mr. Money Mustache. He's around 35, r...
by mlipps
Mon Oct 22, 2012 3:49 pm
Forum: Investing - Help with Personal Investments
Topic: How does a plan for early retirement affect where you invest
Replies: 31
Views: 3762

Re: How does a plan for early retirement affect where you in

I actually pulled those number from Firecalc based on 100% success rate and changing the portfolio in 50k increments, so they're very rough. The idea remains the same though. I can probably accumulate enough money by age 45 or 50 to retire with a frugal lifestyle, but how can I allocate it so that's...
by mlipps
Mon Oct 22, 2012 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: How does a plan for early retirement affect where you invest
Replies: 31
Views: 3762

Re: How does a plan for early retirement affect where you in

I assume you don't plan to ever have kids. Because if you do you can toss those early retirement plans right out the window unless your income level is extraordinarily higher than normal and you can put aside massive amounts in taxable accounts. You should read Mr. Money Mustache. He's around 35, r...
by mlipps
Mon Oct 22, 2012 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: How does a plan for early retirement affect where you invest
Replies: 31
Views: 3762

Re: How does a plan for early retirement affect where you in

After employer matches, we are contributing about 11% to 401k/403b pretax (maxing out employer match). Additionally, we are saving/paying off debt with about 1/3 of our gross (1/2 of our net) income. So yes, I definitely think we can do this, especially if we resist the urge to inflate our lifestyle...
by mlipps
Mon Oct 22, 2012 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: How does a plan for early retirement affect where you invest
Replies: 31
Views: 3762

Re: How does a plan for early retirement affect where you in

I assume you don't plan to ever have kids. Because if you do you can toss those early retirement plans right out the window unless your income level is extraordinarily higher than normal and you can put aside massive amounts in taxable accounts. You should read Mr. Money Mustache. He's around 35, r...
by mlipps
Mon Oct 22, 2012 11:58 am
Forum: Investing - Help with Personal Investments
Topic: How does a plan for early retirement affect where you invest
Replies: 31
Views: 3762

How does a plan for early retirement affect where you invest

Recently, I've been reading lots of Mr. Money Mustache and dreaming of early retirement. Because fiancee & I are so young (24 & 23), this is well within our grasp if we plan well. My arbitrary goal is to retire (or at least have the ability to do so) sometime in our 40's. After my student loans are ...
by mlipps
Thu Oct 18, 2012 12:38 pm
Forum: Personal Consumer Issues
Topic: Home Office Furniture
Replies: 14
Views: 2594

Re: Home Office Furniture

Love Ikea, but you could also improvise a desk pretty cheaply/easily. Craigslist is great for these sorts of "optional" furniture though as often people move from one place to another & no longer have space. I also recommend World Market for low prices but something a little more unique than Ikea, I...
by mlipps
Wed Oct 17, 2012 10:57 am
Forum: Personal Consumer Issues
Topic: Portable Internet Access - Full-Time
Replies: 20
Views: 2105

Re: Portable Internet Access - Full-Time

Ture, but it's FREE! I'm going to try it out and see how it goes...we're moving soon. Back to the city where I went to college but boyfriend has never lived. There have been ruminations about him borrowing my iPhone. This could be my saving grace in combination w/his tablet. Free with your $100 sec...
by mlipps
Tue Oct 16, 2012 10:56 pm
Forum: Personal Consumer Issues
Topic: Portable Internet Access - Full-Time
Replies: 20
Views: 2105

Re: Portable Internet Access - Full-Time

If those places are in/near a major city, check this new service, http://www.freedompop.com/ , FreedomPop Wireless. They use the Clear network. Clear is 4G WiMAX, not LTE. (You can compare the FreedomPop coverage map with the Clear coverage map) The initial service runs on Clearwire's WiMAX network...
by mlipps
Tue Oct 16, 2012 10:54 pm
Forum: Investing - Help with Personal Investments
Topic: Saver's Credit/Backdoor Roth
Replies: 2
Views: 504

Re: Saver's Credit/Backdoor Roth

Thanks for your input. This year, because I was under employed/temping for the first 5 months, I will make something between 26k and 29k. Next year, I should earn my full salary of 35k. Therefore, I don't expect any out of the ordinary ramifications from the Roth conversion in 2013. Just wanted to m...
by mlipps
Tue Oct 16, 2012 4:40 pm
Forum: Investing - Help with Personal Investments
Topic: Saver's Credit/Backdoor Roth
Replies: 2
Views: 504

Saver's Credit/Backdoor Roth

I just added up my income from all sources so far this year, and based on my projections, I will be within $1k-2k of being eligible for the saver's credit this year on my taxes. I was already planning on moving some e-fund into a Roth, so this was a nice realization. For those of you not familiar, a...
by mlipps
Tue Oct 16, 2012 4:34 pm
Forum: Personal Consumer Issues
Topic: Portable Internet Access - Full-Time
Replies: 20
Views: 2105

Re: Portable Internet Access - Full-Time

If those places are in/near a major city, check this new service, http://www.freedompop.com/, FreedomPop Wireless.
by mlipps
Wed Oct 10, 2012 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: HELOC/College Financing Question
Replies: 25
Views: 2281

Re: HELOC/College Financing Question

you don't have to extend the term, just keep making your current payments. You'd have to do the math and see if you'd come out ahead, but it's worth checking at least.
by mlipps
Wed Oct 10, 2012 9:58 am
Forum: Personal Finance (Not Investing)
Topic: HELOC/College Financing Question
Replies: 25
Views: 2281

Re: HELOC/College Financing Question

Agree that you should consider a less expensive school. My parents did this for me, and we each own about $30k. It has put a real strain on their finances. Since my debt is at higher interest rates (because they took out a HELOC), I'm paying it off first, then will help my parents as much as possibl...
by mlipps
Tue Oct 09, 2012 1:51 pm
Forum: Personal Consumer Issues
Topic: Looking for a Good Historical Fiction Series
Replies: 48
Views: 6755

Re: Looking for a Good Historical Fiction Series

Currently working on the 2nd in the "Century Trilogy" by Ken Follett, which follows 4 or 5 families thru the 20th century. Lots of diplomacy/international relations and great historical detail. Also really enjoyed his two books set in Medieval Europe, Fall of the Giants and World Without End.
by mlipps
Wed Oct 03, 2012 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Pay bills when they are due or ASAP?
Replies: 39
Views: 4183

Re: Pay bills when they are due or ASAP?

Like my Target card, I use it to get the 5% off at the register, then walk to customer service and pay the card off before I leave the store. I'm not the most organized person, this way nothing falls thru the cracks.savantrice Target also has a Debit Card that takes directly from your checking acco...