Search found 769 matches

by sco
Wed Apr 20, 2016 11:32 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Plan for Young Adult out of High School
Replies: 30
Views: 2947

Re: Investment Plan for Young Adult out of High School

I've been lucky enough these past few years to not have to know the answers to these additional questions. The Savers Credit is something that I have heard of, but have no experience with. Is there an English Summary of it, other than the IRS document? The IRS doc I looked at seemed to include Roth ...
by sco
Wed Apr 20, 2016 11:21 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Plan for Young Adult out of High School
Replies: 30
Views: 2947

Re: Investment Plan for Young Adult out of High School

I hope that maxing the Roth is within the realm of possibilities, there are other savings goals that are less important at the moment, but good life lessons.. Emergency Savings, not so important when you live at home.. But a good concept to get baked in.. Same with purchasing your car with cash..
by sco
Wed Apr 20, 2016 10:22 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Plan for Young Adult out of High School
Replies: 30
Views: 2947

Investment Plan for Young Adult out of High School

I have a young Adult in the house that is starting his first "Real Job". Meaning out of High School and Full time (40+ hours). Since he is still a resident of this house, there are a few things that he will be doing besides the normal chores. Mainly he will be saving up what would be equivalent of a...
by sco
Wed Apr 20, 2016 10:09 pm
Forum: Personal Consumer Issues
Topic: Want to buy a home safe - advice?
Replies: 37
Views: 4661

Re: Want to buy a home safe - advice?

Mr-et-Mrs-R wrote:This is why all consumer safes suck:
https://www.youtube.com/watch?v=ApJQ2wcYjBo

Basically you need to go visit a safe / locksmith store and get yourself a safe that's rated for a two hour house fire.

Depends what you are protecting. Safe/Insurance is a combination that must be considered.
by sco
Wed Apr 20, 2016 1:41 pm
Forum: Personal Consumer Issues
Topic: Want to buy a home safe - advice?
Replies: 37
Views: 4661

Re: Want to buy a home safe - advice?

How do the ladies feel about using a safe for jewelry. It seems odd to go down to the basement every Friday night to get something. Wife wants something waist high in or near the master bedroom. But isn't that the most obvious and easiest to be stolen? How does one install a bolt in the floor if yo...
by sco
Wed Apr 20, 2016 1:25 pm
Forum: Personal Consumer Issues
Topic: Want to buy a home safe - advice?
Replies: 37
Views: 4661

Re: Want to buy a home safe - advice?

How do the ladies feel about using a safe for jewelry. It seems odd to go down to the basement every Friday night to get something. Wife wants something waist high in or near the master bedroom. But isn't that the most obvious and easiest to be stolen? How does one install a bolt in the floor if yo...
by sco
Wed Apr 20, 2016 1:24 pm
Forum: Personal Consumer Issues
Topic: Want to buy a home safe - advice?
Replies: 37
Views: 4661

Re: Want to buy a home safe - advice?

Are we talking 4'-5' high or an executive style safe? Either way, bolt it down. Safes are easy to roll on their front or side and enter from the side or back. That being said, they'd still be in there for a little bit. Bolting it down isn't full proof, but makes sure only the dedicated will mess wit...
by sco
Tue Apr 19, 2016 11:19 pm
Forum: Personal Consumer Issues
Topic: Inexpensive place to fax from?
Replies: 11
Views: 1419

Re: Inexpensive place to fax from?

Do you have a scanner or way to take a picture and get that picture to your PC. YOu can fax from your computer for $4 a month.. The inbound stuff comes to your email..
by sco
Mon Apr 18, 2016 10:58 pm
Forum: Investing - Help with Personal Investments
Topic: 529 Learning Quest (Kansas) Investment Options
Replies: 3
Views: 456

Re: 529 Learning Quest (Kansas) Investment Options

So I did some googling, I hadn't really considered transfering 529 out of this plan to something else. I guess that I could do that, if it is relatively painless. And it would also have to land somewhere that I already had accounts, So probably Vanguard, but maybe Fidelity as well.
by sco
Mon Apr 18, 2016 10:22 pm
Forum: Investing - Help with Personal Investments
Topic: 529 Learning Quest (Kansas) Investment Options
Replies: 3
Views: 456

Re: 529 Learning Quest (Kansas) Investment Options

There's no real reason to invest in the KS Learning Quest 529 - KS gives a deduction for any state's 529 plan. Shop around for lower expenses. I agree completely, But that $$ has been there a while, and I am not contributing new money into the 529 at this time anyway... With a 4-8 year horizon, I a...
by sco
Mon Apr 18, 2016 9:57 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones Exit Strategy
Replies: 15
Views: 3066

Re: Edward Jones Exit Strategy

Being your friend, so that you won't leave is most of their business plan.. Seriously..


Leave, and keep it simple, there is no reason to stay..
by sco
Mon Apr 18, 2016 9:08 pm
Forum: Investing - Help with Personal Investments
Topic: 529 Learning Quest (Kansas) Investment Options
Replies: 3
Views: 456

529 Learning Quest (Kansas) Investment Options

Here is the situation, 2 Kids, Child #1 age 18 and Child #2 age 14 I have some funds in a 529 account under each of their names as Beneficiary. Child #1 is not going to immediately go to college, and in all honestly I doubt will go at all. May very well attempt to learn a skill in a few years, but f...
by sco
Thu Apr 14, 2016 10:50 pm
Forum: Investing - Help with Personal Investments
Topic: Am I saving too much cash?
Replies: 21
Views: 3068

Re: Am I saving too much cash?

Wouldn't the money in taxable in a rough bond/stock split serve the same purpose, if things aren't planned a few months out? If they are planned a few months out, just save specifically for that..
by sco
Tue Apr 12, 2016 12:44 am
Forum: Personal Consumer Issues
Topic: Cell phone bills and annual expednitures
Replies: 29
Views: 3767

Re: Cell phone bills and annual expednitures

14GB of Data? That is all they are charging for, ignore the rest...

Are you leaving Wifi enabled and do you join the places you are most of time?
by sco
Tue Apr 12, 2016 12:25 am
Forum: Personal Consumer Issues
Topic: Harry Potter World: Trip Advice
Replies: 30
Views: 3971

Re: Harry Potter World: Trip Advice

To clarify, work will be Monday - Thursday. She would get in Thursday night where we would just have a nice dinner and check into our hotel/AirBnB. Friday - Sunday is all personal, no work. Ok.. But have you considered trying to fit in the Fun before the work? One day vacation and it could be Frida...
by sco
Tue Apr 12, 2016 12:23 am
Forum: Investing - Theory, News & General
Topic: what is the draw of active management?
Replies: 37
Views: 2940

Re: what is the draw of active management?

So when did he thing you would stop taxable?


There are places this could make sense, withing reason...
by sco
Tue Apr 12, 2016 12:22 am
Forum: Personal Finance (Not Investing)
Topic: IRS cashed unsigned check
Replies: 40
Views: 6115

Re: IRS cashed unsigned check

The signature thing has always cracked me up, as has the Fed Requirement that Sig Cards be gathered.

I opened an ALLY account had sent in the Sig Card recently, like it would ever be looked at again....
by sco
Tue Apr 12, 2016 12:12 am
Forum: Investing - Theory, News & General
Topic: what is the draw of active management?
Replies: 37
Views: 2940

Re: what is the draw of active management?

I'd love to fill my taxable accounts.......

Wait a minute....
by sco
Tue Apr 12, 2016 12:09 am
Forum: Personal Consumer Issues
Topic: Harry Potter World: Trip Advice
Replies: 30
Views: 3971

Re: Harry Potter World: Trip Advice

I did this about 15 years ago, with the wife and my 4 year old son... Here are some recommendations... You are going for work, would you be more refreshed if you went out together and she returned as you started work? Just a thought, that is what I did, and it worked out well.... Hotel cost is far m...
by sco
Mon Apr 11, 2016 11:49 pm
Forum: Investing - Theory, News & General
Topic: What is the max SS income you could receive this year?
Replies: 38
Views: 5267

Re: What is the max SS income you could receive this year?

Those Average people working must, A. Pay Income Taxes B. Pay SS and Medicare taxes C. Perhaps commute to work D. Perhaps buy stuff for work (tools, clothes, etc) E. They may very well be at a phase in their life that they are providing for others... I am sure that I have missed some other things, b...
by sco
Fri Apr 08, 2016 12:11 am
Forum: Personal Finance (Not Investing)
Topic: When is it ok to splurge?
Replies: 83
Views: 10088

Re: When is it ok to splurge?

The best plane is to get the Boat, the only alternative is an airplane. The family will have more fun on a boat, unless you really want to travel..

If it Floats, Flys or F... Something else, it is cheaper to rent it...

It isn't always about the TCO though...
by sco
Fri Apr 01, 2016 11:45 pm
Forum: Personal Finance (Not Investing)
Topic: Paying Marriage Penalty Tax vs. Cohabitation
Replies: 99
Views: 12972

Re: Paying Marriage Penalty Tax vs. Cohabitation

If you marry later in life, then no, the other half did not help. Prenups are still risky, and the potential upsides are minimal. The risk can be devastating in comparison. And married poorly? Someone's relationship value isn't tied to their net worth. That being said, they shouldn't receive a wind...
by sco
Fri Apr 01, 2016 10:56 pm
Forum: Investing - Help with Personal Investments
Topic: Best Way To Spread My Weekly Investment Amount
Replies: 11
Views: 1067

Re: Best Way To Spread My Weekly Investment Amount

Alright, I'm not sure I know how to read this. Does this mean no one knows which is the best way to make my purchase each week? A little on each or all on one and then move on to the next? Everyone knows, but hasn't said it yet. So I might as well. Steps 1, 2 and 3 1. $10 a week should not go to in...
by sco
Tue Mar 29, 2016 12:11 pm
Forum: Personal Consumer Issues
Topic: Copper in Brake Fluid
Replies: 43
Views: 4411

Re: Copper in Brake Fluid

What was the explanation of the worn copper part that was causing the high value?
by sco
Tue Mar 29, 2016 9:43 am
Forum: Investing - Theory, News & General
Topic: Investing into Vanguard 500 Index
Replies: 8
Views: 1318

Re: Investing into Vanguard 500 Index

It all averages out, don't try to time it.
If we all knew what the price would do tomorrow, well then we could make some money couldn't we?
by sco
Tue Mar 29, 2016 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Cheaper to trade-in for new truck !?! Is there a free lunch here?
Replies: 23
Views: 2728

Re: Cheaper to trade-in for new truck !?! Is there a free lunch here?

I get this pitch from Toyota once a year or so. THey just look at your old paperwork and about year 3 or 4 on your car they try to get you to sign up for a "cheaper payment", of course this takes the 2 years you have remaining and puts it out 5 or 7.. They always start with "Your car is in demand, h...
by sco
Mon Mar 28, 2016 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: What is your current Cash to Investment ratio?
Replies: 112
Views: 9559

Re: What is your current Cash to Investment ratio?

22twain wrote:Right now I have about 2% of my total in checking accounts. My total is large because I'm close to retirement, so that 2% covers about ten months of expenses.
Another piece of good info, the 22 year old out of college may want different months in reserve than the guy close to retirement...
by sco
Mon Mar 28, 2016 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: What is your current Cash to Investment ratio?
Replies: 112
Views: 9559

Re: What is your current Cash to Investment ratio?

% isn't real useful without a dollar amount. A bunch of people quoting 5-30% could well total 5-10k total in cash... Those quoting .3% might be talking about 100-200k, who knows??? I think a better question is how many months of expenses do you have in cash, versus Bonds, Versus Taxable investments,...
by sco
Mon Mar 28, 2016 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: Home too small
Replies: 45
Views: 5329

Re: Home too small

Those 3 chickens are 3 solid meals...

And think of the space you will save...

You suggest this idea, and I'll stay here safely guarded by the internet....
by sco
Mon Mar 28, 2016 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: Vacation - should I rent a small suv
Replies: 20
Views: 2116

Re: Vacation - should I rent a small suv

300-400 miles? Just use your own..

3-4k I'd consider renting..
Either way you have to buy gas.

Do you need a bigger or different car for the trip? Or will you be doing something (towing a trailer/etc) that you don't want to do to your car? That could easily change my advice..
by sco
Mon Mar 28, 2016 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: Investing Young + LBYM = No Corp Ladder
Replies: 92
Views: 11283

Re: Investing Young + LBYM = No Corp Ladder

My boss is one 4 founders of a company that did nearly $3b in sales last year. After spending the last decade building the business, including working insane 100hr weeks and traveling 250+ days every year, major pressure to work more from his partners, he's in his mid-50's and exactly like the peop...
by sco
Mon Mar 28, 2016 10:44 pm
Forum: Personal Consumer Issues
Topic: Baby on the way...yay! Big ticket items, and what do you REALLY need?
Replies: 90
Views: 9391

Re: Baby on the way...yay! Big ticket items, and what do you REALLY need?

Make a list, don't buy anything on it. Get the room ready, but don't buy anything.. Remember that kids don't wear much out, they grow out of them. If you can get some of your baby shower clothes buyers to think about the first 2 years instead of the first 2 months, you will have a lot more usefull s...
by sco
Thu Mar 24, 2016 11:35 pm
Forum: Investing - Help with Personal Investments
Topic: Best & Worst Financial Decisions?
Replies: 92
Views: 11486

Re: Best & Worst Financial Decisions?

Worst: Trusting a broker at Merrill Lynch Best: Transferring to Fidelity and doing it myself Bogleheads: My "worst" and "best" are similar to johnra: Worst: Trusting a broker at Merrill Lynch Best: Transferring to Vanguard and doing it myself Best wishes. Taylor Two Echo these guys... Worst= Trusti...
by sco
Thu Mar 17, 2016 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Teen New Driver Insurance & Debit Card Recommendation
Replies: 14
Views: 1679

Re: Teen New Driver Insurance & Debit Card Recommendation

Ask your agent.


My kids have had a Debit card tied to their own checking since about 10, via capital one teen account.
by sco
Mon Mar 14, 2016 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: Going to 30/70 (Target Retirement Income Fund) at age 33?
Replies: 44
Views: 6281

Re: Going to 30/70 (Target Retirement Income Fund) at age 33?

A lot of people are comfortable with 50/50 (With the appropriate balance) all through retirement...

Just something to consider, it isn't either/or when it comes to stocks/bonds...
by sco
Mon Mar 14, 2016 11:27 pm
Forum: Personal Consumer Issues
Topic: LASIK surgery
Replies: 23
Views: 3325

Re: LASIK surgery

Did it in 2009, 10% off, cash payment, Jan 10th via a FSA account :)

Cost $2200 all in, pretax.. Best money I spent, 20/15 now 20/20... Took a month to stop reaching for the glasses when I woke up every morning...
by sco
Sun Mar 13, 2016 9:39 pm
Forum: Investing - Help with Personal Investments
Topic: Help with lousy 401K choices
Replies: 6
Views: 862

Re: Help with lousy 401K choices

I agree that before doing anything you need to verify (from your plan info, not from the public internet) that these are your expense ratios...


IF they are correct, do you get a match? If so, MXCCX is about your only choice.. Then get your International/Bond in another account.
by sco
Thu Mar 10, 2016 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Layoff Advice
Replies: 41
Views: 5686

Re: Layoff Advice

Don't sign anything, tell them that you need some time. Negotiate whatever time that you can, without losing the severance.. in my case, back in '08, if you did not sign off, the benefits and pay outs, to some extent, would have been lost or held up. negotiate, clarify, absolutely. better that you ...
by sco
Thu Mar 10, 2016 12:43 am
Forum: Personal Finance (Not Investing)
Topic: Layoff Advice
Replies: 41
Views: 5686

Re: Layoff Advice

Don't sign anything, tell them that you need some time. Negotiate whatever time that you can, without losing the severance..
by sco
Wed Mar 09, 2016 4:23 pm
Forum: Investing - Help with Personal Investments
Topic: Buying a house with cash
Replies: 46
Views: 6481

Re: Buying a house with cash

I don't think anyone would argue that keeping your short term (3-5 year) cash in something relatively "safe" is a bad idea...

Whether you should purchase your house outright or mortgage and invest, is really going to come down to your personal preference...
by sco
Sun Mar 06, 2016 10:50 pm
Forum: Personal Finance (Not Investing)
Topic: How much should a 40 year old have saved for retirement?
Replies: 41
Views: 9984

Re: How much should a 40 year old have saved for retirement?

if the country club couple were forced to subsist on 40k per year, they would probably not describe that as "comfortable." They also probably would not describe their current lifestyle as "lavish." I'm not concerned how the current 40 year old defines lavish versus comfortable. I'm interested how m...
by sco
Sun Mar 06, 2016 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Does everyone really need to save $1 million for retirement?
Replies: 225
Views: 36590

Re: Does everyone really need to save $1 million for retirement?

If your choice was to retire now & move, or work 15 more years and stay where you are??? Well I think I would consider moving as well, but we all make our own choices...
by sco
Fri Mar 04, 2016 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Bonus taxed at 44.46%?
Replies: 39
Views: 9059

Re: Bonus taxed at 44.46%?

We may work at the same company, I got my Bonus today as well.. :)

Figure 40-50% for the cash portion depending on the state you are in and this assumes a 0% 401k contribution on your bonus.. (Assuming you can and do set the bonus contribution separate from your salary contribution.)
by sco
Sun Feb 28, 2016 11:56 pm
Forum: Personal Consumer Issues
Topic: Watching Oscars with kids
Replies: 34
Views: 3918

Re: Watching Oscars with kids

Do you mean that 20k a year I pay for my 5th grader doesn't ensure a profanity free environment???
by sco
Fri Feb 26, 2016 2:34 pm
Forum: Investing - Help with Personal Investments
Topic: Poor choices in 401ks
Replies: 13
Views: 1717

Re: Poor choices in 401ks

Sure it is common to have high expense funds in a 401k. Stick to the lowest cost Total Market,Bond Market Fund you can purchase,if you are unable to have the options changed. SSGA funds are load funds(not sure if you are paying purchase load in 401k) with above average expense ratios. You may have ...
by sco
Wed Feb 17, 2016 9:33 am
Forum: Personal Consumer Issues
Topic: kitchen remodeling-why is it the norm?
Replies: 95
Views: 10628

Re: kitchen remodeling-why is it the norm?

We just put some money into ours... Why? Well when we bought the house 15 years ago (new build), we couldn't afford to make things the way we wanted. Now we can afford it, and plan to be here at least another 10-15 years (if not longer).... Improving it had nothing to do with "investing" or ROI at t...
by sco
Tue Feb 16, 2016 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: When to redeem Defered Stock Compensation?
Replies: 15
Views: 1319

Re: When to redeem Defered Stock Compensation?

Yep, it just sucks to see defered compensation from 4 years ago be down so much... But when its vested, easiest to just be rid of it. And it is up 5% today, so I guess that is good enough..
by sco
Tue Feb 16, 2016 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: When to redeem Defered Stock Compensation?
Replies: 15
Views: 1319

Re: When to redeem Defered Stock Compensation?

Same question, only this quarters vested when the stock was trading at a 52 week low.. $20/share off of the Nov 15th price :)

Of course, there is only 44 shares, so it really doesn't matter a whole lot by the time you factor in short term capital gains.