Search found 192 matches

by rocket354
Tue Nov 07, 2017 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: How old are you and how much do you save for retirement a year
Replies: 244
Views: 31943

Re: How old are you and how much do you save for retirement a year

Age 38, single. $32k goes into tax-advantaged accounts, including employer match. Another $20k or so gets invested otherwise, but it remains to be seen if that's for retirement (current plan is for the long-term, but if I were to have kids or suddenly decide to start a business plans may change).
by rocket354
Fri Nov 03, 2017 9:20 pm
Forum: Investing - Help with Personal Investments
Topic: 36k Career Starter Loan
Replies: 30
Views: 2020

Re: 36k Career Starter Loan

Absolutely. Take the loan. I don't know about your specific employment situation having never been in the armed forces, but max your Roth and any other retirement accounts that you can. Then put the rest in Total Stock Market and Total International in whatever split makes sense to you. I like to av...
by rocket354
Fri Nov 03, 2017 8:30 pm
Forum: Investing - Help with Personal Investments
Topic: 36k Career Starter Loan
Replies: 30
Views: 2020

Re: 36k Career Starter Loan

What's the repayment term of the loan? When does repayment start? What are the other fees associated with it? If those other questions check out, it sounds like a great deal. You would be taking risk, of course, but likely worth it. If you are working some just to make ends meet or for a little extr...
by rocket354
Wed Nov 01, 2017 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: new 401(k) limits announced
Replies: 88
Views: 14707

Re: new 401(k) limits announced

A couple things: 1) Since the Roth has been 5500 since 2013, that means that inflation pushed the limit past 5500 in 2013. I don't remember what the comparison value was at this year, but I remember seeing it a while ago and fully expecting the limit to jump to 6000 in 2018 (it might have been over ...
by rocket354
Tue Oct 31, 2017 11:07 pm
Forum: Personal Consumer Issues
Topic: Car battery?
Replies: 53
Views: 4729

Re: Car battery?

Acuras of a certain vintage are notorious for killing batteries. https://topclassactions.com/lawsuit-settlements/lawsuit-news/338615-acura-class-action-alleges-bluetooth-drains-batteries/ Lots of people with 2004-2008 or so model-year Acuras report battery draining issues. If yours is from that time...
by rocket354
Mon Oct 30, 2017 9:22 pm
Forum: Local Chapters and Bogleheads Community
Topic: To Avatar or Not - Get One? How did you choose?
Replies: 137
Views: 10283

Re: To Avatar or not to Avatar . . how did you choose or not choose?

Google is your friend: avatar resize - Google Search My avatar is a modified version of a camera DSLR eyepiece. There are no diagonal lines, which means it will easily scale and look the same at any resolution. I must have tried a slightly different search because I was having trouble finding a sit...
by rocket354
Mon Oct 30, 2017 8:48 pm
Forum: Local Chapters and Bogleheads Community
Topic: To Avatar or Not - Get One? How did you choose?
Replies: 137
Views: 10283

Re: To Avatar or not to Avatar . . how did you choose or not choose?

This thread made me get one. On another forum years ago, I had an amusing avatar of an elephant jumping up and down (drawn). I searched for the same picture and found this one. Figured it was both cute and unique enough to run with. I will say, having both a size and a memory limit made it difficult...
by rocket354
Mon Oct 30, 2017 12:13 pm
Forum: Personal Consumer Issues
Topic: How to Start Tutoring Service
Replies: 12
Views: 1308

Re: How to Start Tutoring Service

I had my own very successful private tutoring business for 8 years. The tutor in the family sounds overqualified for elementary school kids. If s/he wants to go down that route out of personal preference, by all means, but it's a completely different skill set working with younger children. It's mor...
by rocket354
Wed Oct 18, 2017 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Finance for retirement
Replies: 15
Views: 1665

Re: Personal Finance for retirement

I haven't verified his numbers, but it sounds like he's using 5% nominal return with 3.1% inflation, which equates to below a 2% real rate of return. It'll be hard to save much saving $6600/year and getting below 2% real. Use 5% real and see what you get. You already did, the $900k+ you posted about...
by rocket354
Tue Oct 17, 2017 10:51 pm
Forum: Investing - Theory, News & General
Topic: Roth as good as you think?
Replies: 29
Views: 4193

Re: Roth as good as you think?

To get the same final amount maxing a tIRA as maxing a Roth, you of course put those tax savings into a taxable account. This is certainly true, but the point of the above is from a practical perspective, most people don't really do that. So this notion of taking the tax savings and plowing it into...
by rocket354
Tue Oct 17, 2017 10:36 pm
Forum: Investing - Theory, News & General
Topic: Roth as good as you think?
Replies: 29
Views: 4193

Re: Roth as good as you think?

One thing I'd like to point out is that if you are maxing either account, all else being the same, Roth is better. To get the same final amount maxing a tIRA as maxing a Roth, you of course put those tax savings into a taxable account. But...now your earnings are getting taxed. So for the same cost ...
by rocket354
Sat Oct 14, 2017 11:08 am
Forum: Personal Consumer Issues
Topic: New mattress
Replies: 84
Views: 12805

Re: New mattress

There are dozens of bed-in-a-box companies out there and that might be your best bet. A poster above mentioned Casper, and there are a ton of others (Purple, Tuft&Needle, Amerisleep, Ghostbed, Leesa, etc, etc, a google search will give you a bunch of options). Most of these companies have a similar ...
by rocket354
Tue Oct 10, 2017 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: HSA’s: What level of risk do you prefer?
Replies: 58
Views: 5045

Re: HSA’s: What level of risk do you prefer?

The difference is that you are converting tax-free dollars to tax-deferred dollars with no tax benefit . If you are in a 25% tax bracket with $3000 to invest, you can put $4000 in a traditional IRA, or $3000 in a Roth IRA; these are equivalent investments, as you will get $6000 from either one if t...
by rocket354
Tue Oct 10, 2017 7:57 pm
Forum: Personal Consumer Issues
Topic: Best weight loss resources?
Replies: 54
Views: 3846

Re: Best weight loss resources?

I lost 55 lbs about 10 years ago...then had to lose 40 that had crept back on a few years ago. Things people have already said in this thread that work great: eat less, exercise more. Find what methods of eating less and exercising more work for you. For me it's cutting out sugar, most non-water dri...
by rocket354
Mon Oct 09, 2017 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: HSA’s: What level of risk do you prefer?
Replies: 58
Views: 5045

Re: HSA’s: What level of risk do you prefer?

Like others, I am saving for the long haul. I don't intend to touch my HSA until retirement 20+ years from now. Mine requires $500 in cash which earns me .05%. The rest is in a Vanguard TSM index fund.
by rocket354
Sat Oct 07, 2017 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone went to top 10 business school? Got a 730 on GMAT. Thoughts?
Replies: 28
Views: 11016

Re: Anyone went to top 10 business school? Got a 730 on GMAT. Thoughts?

toto238, So, what did you decide and how did it work out? I've got a dd in a similar situation. Any advice? To update, I have submitted my application for HBS for Fall of 2017. I am continuing to build my professional career under the assumption I don't get in. I can move my life around to make it ...
by rocket354
Mon Oct 02, 2017 6:37 pm
Forum: Investing - Help with Personal Investments
Topic: Are credit cards rewards worth it?
Replies: 103
Views: 10886

Re: Are credit cards rewards worth it?

For me, definitely. I have a 5% gas card, an effective 4% grocery card (6% but with annual fee), a 3% restaurant card, a 3% amazon card, and a 2% everything else card. It takes no time as whenever I buy something I just grab the correct card for the job. It might not add up to a ton of money over th...
by rocket354
Fri Sep 29, 2017 10:08 am
Forum: Investing - Theory, News & General
Topic: Guy proves that Buy The Dip strategy works (via backtests) any rebuttals?
Replies: 65
Views: 8544

Re: Guy proves that Buy The Dip strategy works (via backtests) any rebuttals?

:wink: Well really contributing every pay period to a 401K is called periodic investing which is often conflated with dollar cost averaging. It's definitely not lump sum investing. Well, sorry to continue this sidebar, but I am curious how it's different from lump-sum (legitimately, not argumentati...
by rocket354
Thu Sep 28, 2017 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: My boneheaded financial mistakes
Replies: 132
Views: 20998

Re: My boneheaded financial mistakes

Got must-buy-a-home fever in 2005. Decided it was a bubble market, so held off...for an entire year, finally relenting and buying in 2006, at the exact peak as luck would have it. Watched as house dropped >60% in value over the next 5 years. It's rebounded some, but is still down quite a bit, and ev...
by rocket354
Thu Sep 28, 2017 8:12 pm
Forum: Investing - Theory, News & General
Topic: Guy proves that Buy The Dip strategy works (via backtests) any rebuttals?
Replies: 65
Views: 8544

Re: Guy proves that Buy The Dip strategy works (via backtests) any rebuttals?

I dca into my accounts every payday. I don't care what the markets are doing (up, down, sideways). I' am a long term buy & hold investor. It's time in the markets not timing the markets...that's the big secret. I definitely agree with your sentiment, but at the risk of sounding pedantic, I suspect ...
by rocket354
Tue Sep 26, 2017 12:59 pm
Forum: Personal Consumer Issues
Topic: Memory Foam Mattress Recomendations
Replies: 63
Views: 7781

Re: Memory Foam Mattress Recomendations

Don't read too much into "oh, this one sleeps hotter than that one, and this one has cooling technology, or I'll buy a cooling mattress cover, etc." -- 90% of that is marketing garbage. ALL memory foam sleeps hot. It is just the way it is. Learn to sleep with far less covers, sometimes only a sheet...
by rocket354
Sat Sep 23, 2017 12:10 pm
Forum: Investing - Help with Personal Investments
Topic: Help?! My 70 year old father is 100% invested in equities
Replies: 79
Views: 9265

Re: Help?! My 70 year old father is 100% invested in equities

(he also has a pension and Social Security) This is key. He basically has the equivalent (or better) of the security of bonds as a portion of his portfolio because of the above two. Now, if his pension and SS added to a really small portion of his expenses, maybe there's cause for concern, but we d...
by rocket354
Fri Sep 22, 2017 11:52 pm
Forum: Personal Finance (Not Investing)
Topic: Realtor to buy home?
Replies: 36
Views: 3640

Re: Realtor to buy home?

It is semantics and technical details. Yes, the funds go to the seller, who then immediately turns around and distributes them to the agents. However, economically, both buyers and sellers split the costs. If a seller is willing to accept, say, $300k for their home, they'd have to sell it for nearly...
by rocket354
Tue Sep 19, 2017 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: The Magic of Savings Rate
Replies: 97
Views: 12761

Re: The Magic of Savings Rate

So, is it really not how much you earn but how much you save? Savings Rate (Percent), Working Years Until Retirement 5% 66yrs 10 51 15 43 20 37 25% 32yrs 30 28 35 25 40 22 45 19 50% 17yrs 55 14.5 60 12.5 65 10.5 70 8.5 75% 7yrs 80 5.5 85 4 90 under 3 95% under 2yrs I would say it's both what you ma...
by rocket354
Fri Sep 15, 2017 10:27 am
Forum: Investing - Help with Personal Investments
Topic: Prioritizing investments- HSA goes where?
Replies: 27
Views: 3771

Re: Prioritizing investments- HSA goes where?

This is based on a discussion in Paying off debt vs. max savings - Bogleheads.org , and picked up here to avoid cluttering that thread with financial math details. Stipulations - $5000 loan, paid monthly, due in 1 year. - The pre-tax amount corresponding to the minimum monthly after-tax loan paymen...
by rocket354
Thu Sep 14, 2017 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: How much does my commute cost me?
Replies: 15
Views: 2307

Re: How much does my commute cost me?

It depends on whether you'd keep your car if you started taking the shuttle, or if you'd end up selling it. If you'll keep your car, then the cost is only the marginal cost of the extra miles since the opportunity cost of the car (having that money invested, instead), depreciation due to age, taxes,...
by rocket354
Mon Sep 11, 2017 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Roth IRA and 401K after intern job
Replies: 1
Views: 264

Re: Roth IRA and 401K after intern job

My son earned $9000 thru his summer intern job. Company also allow interns to contribute to 401K. He put in about $2000 into it. Each year, I also helped my kids with their Roth IRA and put in the full $5,500 into their Roth IRA. Since there is a 401K involved this year. How much Roth IRA can I hel...
by rocket354
Tue Aug 29, 2017 10:01 am
Forum: Personal Consumer Issues
Topic: Credit card bonus award rules
Replies: 12
Views: 1993

Re: Credit card bonus award rules

Just apply for them all on the same day, why spread it over several days/weeks/months? I did that once. I applied for four cards in one day. Card one: approved, $15k limit, 13% apr. Card two: approved, $10k limit, 18% apr. Card three: approved, $5k limit, 24% APR. Card four: Denied. It seems whethe...
by rocket354
Tue Aug 22, 2017 11:21 pm
Forum: Investing - Help with Personal Investments
Topic: Which loan to pay off?
Replies: 17
Views: 1797

Re: Which loan to pay off?

Oh I know. I'm saying that which loans you can use the credit card for makes zero difference for which loans to pay off first (that is, the higher interest rate one). Yeah, one inadvertent assumption I had made in my analysis was that the CC couldn't be used to make the monthly payments on Loan A--...
by rocket354
Mon Aug 21, 2017 10:30 pm
Forum: Personal Consumer Issues
Topic: How far would you travel to see The Eclipse?
Replies: 259
Views: 20342

Re: How far would you travel to see The Eclipse?

Before today's Eclipse, I'd have probably said 30 miles or so. Luckily, I was in the path of totality, and just had to walk out front. After seeing that spectacle (total eclipse is a completely different animal than any partial, even high-90s), and even getting a pretty intense shadow band show on t...
by rocket354
Mon Aug 21, 2017 6:51 pm
Forum: Investing - Help with Personal Investments
Topic: Which loan to pay off?
Replies: 17
Views: 1797

Re: Which loan to pay off?

The problem is that the CC is 2% off the total, whereas the interest percentages are compounding. So it very much depends on the respective amounts and time frames. I came up with a spreadsheet to calculate it, but just had to use my own made up numbers. As an example, if each loan is for $100,000 a...
by rocket354
Sat Aug 19, 2017 8:06 pm
Forum: Personal Consumer Issues
Topic: Kitchen knife set. Good quality - Recommendations
Replies: 55
Views: 7804

Re: Kitchen knife set. Good quality - Recommendations

11 years ago, I bought a JA Henckels knife set for under $200. It has seven kitchen knives, shears, sharpening steel and six steak knives. They still look like-new today, and they work great--despite the fact that I've never sharpened them.
by rocket354
Sat Aug 19, 2017 9:51 am
Forum: Personal Consumer Issues
Topic: Credit card bonus award rules
Replies: 12
Views: 1993

Re: Credit card bonus award rules

Thanks for the info. In my case I'll only open one or two cards for rewards in a year. I looked at the link. Wouldn't the amount churning they are talking about really ding your credit? You would think so, but it actually doesn't. I have 13 cards, almost all of which were opened in the last two yea...
by rocket354
Fri Aug 18, 2017 11:30 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card with large cash (or cash-equivalent) sign-up bonus
Replies: 25
Views: 3628

Re: Credit card with large cash (or cash-equivalent) sign-up bonus

Merill+ Visa card. Do a google search for 50k point sign-up bonus (takes a 10 min phone call rather than an online app). You get 50,000 points after spending $3k in 3 months. With the existing 1% rewards, you get 53k points which can be converted into $530 cash, $583 cash if you deposit into a BoA ...
by rocket354
Fri Aug 18, 2017 5:15 pm
Forum: Personal Consumer Issues
Topic: Powerball - $510 million?
Replies: 64
Views: 6162

Re: Powerball - $510 million?

I bought a ticket, and figure I just donated $2 to the winner's jackpot. :? Probably more like $0.50... I bought one for a drawing last month, when the jackpot was in the mid-200's. Came as ridiculously far from winning as ever, but I do agree with people that it's an entertainment expense: I get t...
by rocket354
Thu Aug 17, 2017 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card with large cash (or cash-equivalent) sign-up bonus
Replies: 25
Views: 3628

Re: Credit card with large cash (or cash-equivalent) sign-up bonus

Merill+ Visa card. Do a google search for 50k point sign-up bonus (takes a 10 min phone call rather than an online app). You get 50,000 points after spending $3k in 3 months. With the existing 1% rewards, you get 53k points which can be converted into $530 cash, $583 cash if you deposit into a BoA ...
by rocket354
Thu Aug 17, 2017 3:57 pm
Forum: Personal Consumer Issues
Topic: Credit score dropped 100 points overnight
Replies: 31
Views: 4830

Re: Credit score dropped 100 points overnight

To determine the cause(s) of any credit score change you have to carefully review credit reports from before and after the change. There are any number of possible causes and combinations of causes including glitches and erroneous data. We can throw out possibilities but you really have to dig in a...
by rocket354
Wed Aug 16, 2017 6:48 pm
Forum: Personal Consumer Issues
Topic: Credit score dropped 100 points overnight
Replies: 31
Views: 4830

Re: Credit score dropped 100 points overnight

Do you use CreditKarma? It's really good. I have enrolled in Credit Karma and check my score one in a while. I am amused that I often get a reminder that I should check my score since something has been reported that has changed the score. When I log on there is a notice that I have paid off a CC b...
by rocket354
Wed Aug 16, 2017 6:06 pm
Forum: Personal Consumer Issues
Topic: Credit score dropped 100 points overnight
Replies: 31
Views: 4830

Re: Credit score dropped 100 points overnight

I'd certainly want to know what changed just to be aware if someone else has opened something, but I have to ask what credit score use you foresee needing in the near term? In the next few months I'd like to open more CC accounts and get more bonuses. Within a year, I'd like to purchase a house. In...
by rocket354
Wed Aug 16, 2017 5:55 pm
Forum: Personal Consumer Issues
Topic: Credit score dropped 100 points overnight
Replies: 31
Views: 4830

Re: Credit score dropped 100 points overnight

Maybe something was reported to Transunion to drive it down. You can pull a free report and see what's in the report. High revolving credit utilization, combined with a new inquiry, and reduced average age of accounts might be enough to do that if you don't have much of a credit history and don't h...
by rocket354
Wed Aug 16, 2017 5:36 pm
Forum: Personal Consumer Issues
Topic: Credit score dropped 100 points overnight
Replies: 31
Views: 4830

Credit score dropped 100 points overnight

Looking for possible explanations, and wondering how worried I should be. Through my credit union I see my TransUnion credit score, updated daily. It predictably drops a little when I open a new CC account, but goes up otherwise. Two days ago, it was 805. That same day, a new CC account I had opened...
by rocket354
Mon Aug 14, 2017 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card with large cash (or cash-equivalent) sign-up bonus
Replies: 25
Views: 3628

Re: Credit card with large cash (or cash-equivalent) sign-up bonus

Merill+ Visa card. Do a google search for 50k point sign-up bonus (takes a 10 min phone call rather than an online app). You get 50,000 points after spending $3k in 3 months. With the existing 1% rewards, you get 53k points which can be converted into $530 cash, $583 cash if you deposit into a BoA a...
by rocket354
Fri Aug 11, 2017 10:07 pm
Forum: Investing - Theory, News & General
Topic: The Mathematics of Retirement Investing
Replies: 127
Views: 20305

Re: The Mathematics of Retirement Investing

Why is 10.1% nominal and 3% inflation equal to 6.9% real? Isn't that 7.1% real? Is it more complex than subtracting inflation from nominal? Maybe I have had too much wine? Yes, it is more complex, although subtracting is a quick'n'dirty way of estimating it. If you gain 10.1%, you multiply by 1.101...
by rocket354
Fri Aug 11, 2017 9:41 am
Forum: Investing - Help with Personal Investments
Topic: Home Ownership / Investing
Replies: 18
Views: 1367

Re: Home Ownership / Investing

Thanks BH. I would never consider putting less than 20% down ... it just seems like the more knowledge I gain regarding investing (thank you all, again) - the more buying a home feels not so smart - to put it nicely. I think a lot may have to do with the "social norm" of buying a home equating to t...
by rocket354
Mon Aug 07, 2017 9:42 am
Forum: Personal Consumer Issues
Topic: Replace car battery after X years or wait till it dies?
Replies: 162
Views: 20220

Re: Replace car battery after X years or wait till it dies?

Lots of people get 6-8 years out of their batteries. My previous battery lasted 13 months. Unfortunately, it had a one-year warranty (cheapest battery at autozone). The one before that lasted a little over three years. I say hold onto batteries for as long as they work. Even newer batteries aren't g...
by rocket354
Tue Aug 01, 2017 10:16 pm
Forum: Personal Finance (Not Investing)
Topic: Best bank for small business - HOA
Replies: 2
Views: 426

Best bank for small business - HOA

I am the new HOA president of a small condo complex. I got this position because I wanted some experience and to hopefully "do things right," and, of course, because no one else wanted it. But, in short, I'm inexperienced. I want to set up our finances as optimally as possible. We currently have an ...
by rocket354
Tue Aug 01, 2017 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One $400 bonus for new checking account
Replies: 108
Views: 19853

Re: Capital One $400 bonus for new checking account

Like WonderT, I received my $400 bonus today, and am sharing that information to help those who are still waiting assess their situation. I'm not in the Boston area, nor did I receive any solicitation email. I opened the account in late June, and had two $250 payroll DDs go through, 7/14 and 7/28. T...
by rocket354
Sun Jul 30, 2017 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: How do you decide if you can afford something?
Replies: 63
Views: 5150

Re: How do you decide if you can afford something?

As noted, there's "literal" afford (can I liquidate/withdraw some investment in order to pay cash, and/or can I get approved on a loan and have it fit into my monthly budget?) and then there's "emotional" afford. I got a rude awakening to reality when I blossomed into my stock-investing and house-bu...
by rocket354
Wed Jul 26, 2017 7:22 pm
Forum: Personal Consumer Issues
Topic: Where to move? New job, considering Nevada...
Replies: 28
Views: 3541

Re: Where to move? New job, considering Nevada...

Vegas Pros: -No harsh winter -Big international airport -Entertainment -Many things open late/24 hours - could be helpful given late working hours -Diversity - people, food etc. -Outdoors activities - at least as far as I understand - lake, hiking etc. Not as good as Reno, but not terrible AFAIK. A...
by rocket354
Sat Jul 15, 2017 10:15 am
Forum: Personal Finance (Not Investing)
Topic: What am I missing here? [I'm a bachelor]
Replies: 51
Views: 4331

Re: What am I missing here? [I'm a bachelor]

I think your calculation is suspect. The interest on the full $240K is closer to $160K; this would be reduced by downpayment. yes, the numbers presented do not generate interest amount that the OP listed. 240k, 30 years at 3.75%: Interest 160k. monthly P&I payment of $1111.48 But you're not going t...