Search found 888 matches

by mlipps
Fri Aug 10, 2012 4:17 pm
Forum: Investing - Help with Personal Investments
Topic: First timer looking for advice (advisor and portfolio)??
Replies: 2
Views: 274

Re: First timer looking for advice (advisor and portfolio)?

Also, can you clarify more on this "business sale"? 2020 seems like a long time away to be able to know how much you're going to be getting and when, although I'm admittedly far from an expert in the business world.
by mlipps
Fri Aug 10, 2012 4:15 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice - Newlyweds
Replies: 10
Views: 1455

Re: Portfolio Advice - Newlyweds

First and foremost, congrats on your marriage!! Below are some thoughts, in no particular order except that which they came to my mind... Are these "her portfolio" and "his portfolio" taxable? How much is the balance? Since you don't have ANY emergency fund, I'd be inclined to put however much of th...
by mlipps
Thu Aug 09, 2012 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Any need for high school student to build credit?
Replies: 36
Views: 3589

Re: Any need for high school student to build credit?

You can't get a card now until you're 21 without someone cosigning. Discover Card will give you a card with a small line if you are under 21. Part of the CARD act was that you have to be 21 or show "substantial income" correct? Maybe card issuers are getting around this by saying that an income of ...
by mlipps
Wed Aug 08, 2012 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: What was Your Starting Salary Out of College?
Replies: 151
Views: 11993

Re: What was Your Starting Salary Out of College?

$555 a month ($6,600) in 1960, which was much higher than any wage my father ever earned. That was the highest salary of any other Univ. of Fla. Chemical Engineering graduate in my class that year. I reached the magic $10,000 annual income in 1965. Jim $555 in 1960 = $6,600 today? Really? I didn't ...
by mlipps
Wed Aug 08, 2012 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: What was Your Starting Salary Out of College?
Replies: 151
Views: 11993

Re: What was Your Starting Salary Out of College?

Why are you so insistent on knowing how much people make? I find it sort of rude and very pushy.
by mlipps
Wed Aug 08, 2012 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Any need for high school student to build credit?
Replies: 36
Views: 3589

Re: Any need for high school student to build credit?

"Need?" - No. But, I think it's okay if: 1) She has expressed interest in having a credit card; 2) She has demonstrated the ability to manage credit appropriately. You should guide her through the application process, but she should be responsible for applying for the card, not you, even if it's se...
by mlipps
Tue Aug 07, 2012 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: What is the worst job you have ever had?
Replies: 87
Views: 7320

Re: What is the worst job you have ever had?

Interesting how so many boggleheads have suffered through truly horrid jobs and working conditions at points in their lives. I expect there is a strong correlation between that sort of work ethic...the willingness to suck it up...and the bogglehead approach to investing and personal finance. I'm su...
by mlipps
Tue Aug 07, 2012 11:30 am
Forum: Personal Consumer Issues
Topic: Check Printing [online]
Replies: 16
Views: 1430

Re: Check Printing [online]

Most Sunday newspapers have ad supplements which include Coupon booklets. There is usually a couple of check printing promotions ( $5 .50, no S & H charge etc, ) in there. This. Or, Ally and PNC both also offer free checks. With PNC, I had to pay the shipping so about $12 to get them sent "securely...
by mlipps
Tue Aug 07, 2012 11:13 am
Forum: Investing - Theory, News & General
Topic: WANT A PERSONALIZED COPY OF JACK BOGLE'S LATEST BOOK?
Replies: 18
Views: 3658

Re: WANT A PERSONALIZED COPY OF JACK BOGLE'S LATEST BOOK?

I am too klutzy to figure out how to PM (my lame attempt sent me to Forbes). So I'll bite te bullet and anounce my bid for $550 It is my first post and my way of thanking you all for this great site. Marlin, You probably clicked the globe under Mel's name instead of the button with PM on it. :) You...
by mlipps
Tue Aug 07, 2012 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Assistance for low-income
Replies: 9
Views: 881

Re: Assistance for low-income

Trying to help out a friend who lives in Ohio with very limited income (sub-$20k/year). Her partner is in the process of filing for bankruptcy and may be forced to leave his job soon, and she has a child in his last year of college. From what I can find, Ohio's Medicaid program doesn't cover people...
by mlipps
Tue Aug 07, 2012 9:05 am
Forum: Personal Finance (Not Investing)
Topic: What is the worst job you have ever had?
Replies: 87
Views: 7320

Re: What is the worst job you have ever had?

Oooooh do I have a good one for you. Last summer, I went to Australia on a work/holiday visa. I have an interest in agriculture and figured I could make enough working on a farm (called a station in Oz) to make my student loan payments and make it worth the trip. I only stayed from July-October due ...
by mlipps
Mon Aug 06, 2012 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Any need for high school student to build credit?
Replies: 36
Views: 3589

Re: Any need for high school student to build credit?

It certainly can't hurt, as long as your kid will make the payments on time. I got one my sophomore year of college, and as other have said, it has helped greatly with building my credit history and letting me get the necessary private student loans and apartment leases etc. And honestly, unless the...
by mlipps
Mon Aug 06, 2012 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Best credit card for me?
Replies: 18
Views: 2851

Re: Best credit card for me?

Nobody gets tax forms on credit card rewards. It's considered a reduction in the basis. Some people get tax forms on bank bonuses. If you want something simple and no-fee, maybe a Capital One cash rewards is for you. However, you'll be missing out on the fact that the biggest bonuses are for signin...
by mlipps
Thu Aug 02, 2012 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Best credit card for me?
Replies: 18
Views: 2851

Re: Best credit card for me?

Aww, it's so cute, a little FatWalleter in the making! No, there's nothing to stop you, but you wouldn't need to close the first to open the second either. Go dig around FatWallet and read about AOR's, which stands for "App o'Rama". Before the recession, people were literally making 1000's of dollar...
by mlipps
Tue Jul 31, 2012 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Owning vending machines
Replies: 38
Views: 7561

Re: Owning vending machines

I did see in my local paper where someone has started a dog poop picking up business though. Apparently this is quite the rage lately. Sounds awful, but it is cash positive (apparently) and low start up costs. That's sort of an "inefficiency", having a new idea for a service and so relatively littl...
by mlipps
Tue Jul 31, 2012 9:58 am
Forum: Investing - Help with Personal Investments
Topic: Please help me organize my finances
Replies: 15
Views: 1969

Re: Please help me organize my finances

Definitely do your Roth IRAs as long as you qualify. Vanguard has the best deal. Consider $10,000 each in I-bonds. Note they are tied up for one year. Could be good for either short or long-term savings. Evaluate whether Roth 401k is best for you. Regular 401k would reduce your taxable income. If y...
by mlipps
Mon Jul 30, 2012 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Owning vending machines
Replies: 38
Views: 7561

Re: Owning vending machines

So scratch the vending machine business I guess. Anyone have any ideas for cash flow businesses with relatively low start up costs? I think the key question to ask anytime you see one of these is: what is stopping everyone from doing this? If there is an investment that makes money and has low barr...
by mlipps
Mon Jul 30, 2012 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Efficient Data Plan/cell phone
Replies: 34
Views: 4625

Re: Efficient Data Plan/cell phone

I am using Virgin Mobile 3G $25/month: 300 mins, unlimited data and text. New plan and phones comes with 4G $35/month: 300 mins, unlimited data and text.. The network runs on sprint so it's not as wide as AT&T or Verizon, but the price can't be beat ;D Virgin Mobile's network is pretty sparse in pl...
by mlipps
Mon Jul 30, 2012 10:36 am
Forum: Personal Consumer Issues
Topic: Rent checks getting "lost" in mail, lazy landlords
Replies: 51
Views: 11032

Re: Rent checks getting "lost" in mail, lazy landlords

what is PNC and virtual wallet? PNC is PNC Bank; Virtual Wallet is their online banking system. You should check it out, I find it pretty useful. It does things like show my "Available" balance based on pending bill payments before my next paycheck and allow me to create a "wishlist" to set money a...
by mlipps
Mon Jul 30, 2012 9:32 am
Forum: Personal Consumer Issues
Topic: Rent checks getting "lost" in mail, lazy landlords
Replies: 51
Views: 11032

Re: Rent checks getting "lost" in mail, lazy landlords

It appears once the bill pay check is issued they debit your account, when the check goes missing it can be a challenge to get your money back. I think that depends on your bank. Mine (USAA) doesn't debit my account when a physical check is issued until the recipient deposits it and the check clear...
by mlipps
Wed Jul 25, 2012 4:11 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Help, Poor Options
Replies: 5
Views: 815

Re: Portfolio Help, Poor Options

Shameless bump. ;) Would appreciate any help you wise folks could offer!
by mlipps
Wed Jul 25, 2012 7:41 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Help, Poor Options
Replies: 5
Views: 815

Re: Portfolio Help, Poor Options

The Target 2040 holds: Cash: 6.57 Stocks: 78.42 Bonds: 14.47 Other: 0.36 The Target 2030 holds: Cash: 6.96 Stocks: 70.79 Bonds: 21.68 Other: 0.39 Personally I thought the 2040 was just too risky. We might eventually pursue a more aggressive portfolio, but reading the Bogleheads Guide and I read and ...
by mlipps
Tue Jul 24, 2012 8:25 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Help, Poor Options
Replies: 5
Views: 815

Portfolio Help, Poor Options

Emergency funds = 3-4 months expenses Debt: Her: Private Student Loan: $11,000, 8.5%, Min. $116/month, Paying $900/month, expected payoff 9/2013 Consolidated Federal Loan: $21,000, 5.25%, In Income Based Repayment at $0 and almost entirely composed of subsidized loans, so letting it sit to payoff pr...
by mlipps
Tue Jul 24, 2012 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Do I have to buy a house?
Replies: 53
Views: 6877

Re: Do I have to buy a house?

It's great to see so many interesting viewpoints. I'll provide a bit more personal information to answer some of your questions. The dorm atmosphere is one of my biggest annoyances with my rental. Thankfully there's not a lot of noise, but the weekend party scene can occupy all the public areas and...
by mlipps
Fri Jul 20, 2012 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Another pay off student loan or invest
Replies: 4
Views: 756

Re: Another pay off student loan or invest

I've seen these posts before, but I think I have a little different situation. My now wife and I have been paying off her student loans and some other debts for the past 4 years pretty aggressively. We were on the Ramsey plan, but I think it may need to revisit as we have delayed retirement savings...
by mlipps
Thu Jul 19, 2012 4:19 pm
Forum: Personal Consumer Issues
Topic: Is free TV (with rabbit ears) a lot better these days?
Replies: 38
Views: 5972

Re: Is free TV (with rabbit ears) a lot better these days?

My parents live way out in the country. Last year, I convinced them to ditch cable for a Roku box and TV antenna. The Roku box didn't work out as they refuse to upgrade to cable internet from DSL, but the antenna was shocking. I think the picture was actually BETTER than the cable had been, even tho...
by mlipps
Tue Jul 17, 2012 1:09 pm
Forum: Personal Consumer Issues
Topic: [Music Recommendations]
Replies: 103
Views: 8672

Re: What music are you listening to right now...

The Black Keys rock....basically just two Chicago caucasoids playing the blues with an edgy rock sound. But tonight, I'm setting the wayback machine on Steely Dan. Going to the patio, turning on the outside sound system and going to become one with Becker and Fagan. Good topic! Love the Black Keys....
by mlipps
Tue Jul 17, 2012 12:57 pm
Forum: Personal Consumer Issues
Topic: central air systems
Replies: 30
Views: 3640

Re: central air systems

Already had the duct system in place but added a/c. Cost for the unit and install was about $3200. House is about 1000 sq ft. in Nevada, so it will be more expensive for a bigger house and likely will be more (or less?) expensive in other states. Bought through the Costco program and got $300 back ...
by mlipps
Thu Jul 12, 2012 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Any luxuries/ wants while in debt?
Replies: 16
Views: 1815

Re: Any luxuries/ wants while in debt?

I am paying off about 60k worth of student loans right now. There are many people out there (including some on this board) with similar or higher levels of debt that puts their net worth in negative territory. For those of you in similar straits, how do you reconcile your debts with purchasing the ...
by mlipps
Wed Jul 11, 2012 8:34 am
Forum: Personal Consumer Issues
Topic: Spreadsheets That Are Very Stable?
Replies: 38
Views: 2938

Re: Spreadsheets That Are Very Stable?

Just don't go from Excel -> Access. Yuck - Access is so horrible. If the company can afford it hire a Software Consulting firm to create a web application using a relational database to perform the functions. It will pay dividends in the long run and if the firm is any good can automate many of the...
by mlipps
Tue Jul 10, 2012 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford this luxury car?
Replies: 133
Views: 12666

Re: Can I afford this luxury car?

If it were me, I would wait. You're going to buy a luxury car and then haul infants/toddlers around in it? Your beautiful interior is going to be pretty messy pretty quickly I'd expect. Plus, the kids are so young they'll be comfortable in something cheaper. On the other hand, when they get into tee...
by mlipps
Mon Jul 09, 2012 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: College Funding Strategies
Replies: 85
Views: 9636

Re: College Funding Strategies

As a parent of college age daughters, I've watched more than a few kids grow up and then begin spending small fortunes on college. But I've also seen first hand several kids get college educations really, really cheap... 1. National Merit Scholars in my experience can often go to college for free. ...
by mlipps
Sun Jul 08, 2012 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: What retirement contributions does your employer offer?
Replies: 68
Views: 8942

Re: What retirement contributions does your employer offer?

It's a little unreal still, but my job contributes 15% to a 403(b) w/o any contribution from me, although I'm free to contribute up to the max.

Boyfriend's company (8A Govt. contractor) does more standard 100% match up to 5% contribution.
by mlipps
Fri Jul 06, 2012 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: How to allocate annual raise
Replies: 21
Views: 2061

Re: How to allocate annual raise

Just remember, unless the Bush tax cuts are extended, the student loan interest deduction expires this year, so you won't be able to claim it after 2012 taxes. Just something to keep in mind. Good point...and when they hike back up the SS tax that 2% I may not see anything extra after all starting ...
by mlipps
Fri Jul 06, 2012 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: How to allocate annual raise
Replies: 21
Views: 2061

Re: How to allocate annual raise

Just remember, unless the Bush tax cuts are extended, the student loan interest deduction expires this year, so you won't be able to claim it after 2012 taxes. Just something to keep in mind.
by mlipps
Thu Jul 05, 2012 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Pay Tuition with Student Loans vs. Retirement Savings
Replies: 21
Views: 1945

Re: Pay Tuition with Student Loans vs. Retirement Savings

Please note that as of July 1, 2012, there are NO subsidized loans for graduate students. This will probably dramatically change both of your calculations. Articles here: http://www.thestreet.com/story/11606057/2/student-loan-grace-periods-coming-to-an-end.html and http://www.chicagotribune.com/busi...
by mlipps
Thu Jul 05, 2012 9:15 am
Forum: Personal Finance (Not Investing)
Topic: sending info via email for mortgage application
Replies: 13
Views: 6966

Re: sending info via email for mortgage application

I know of someone who is a (former) hacker who did the following: -Hack standard website and obtain usernames & pw's -Try usernames & pw's at various email sites until one worked -Found one that belonged to real estate agent or similar, which contained insane amount of personal info, which he peruse...
by mlipps
Thu Jun 21, 2012 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Buying First Appliances [Stacked Washer/Dryer + Fridge].
Replies: 26
Views: 3510

Re: Buying First Appliances [Stacked Washer/Dryer + Fridge].

One thing I'd recommend in a fridge is checking the filter replacement costs. A couple years ago, I rented a place w/a GE side by side, and I was excited for the in-door water dispenser/ice maker (hey, I grew up poor, we never had anything fancy like that!) Then I looked in the back, pulled out the ...