Search found 188 matches

by SelfEmployed123
Fri Jun 15, 2018 5:54 am
Forum: Investing - Help with Personal Investments
Topic: Solo 401k etrade vs. Td ameritrade
Replies: 2
Views: 780

Re: Solo 401k etrade vs. Td ameritrade

I found this article helpful when sorting through the different plans: https://thecollegeinvestor.com/18174/comparing-the-most-popular-solo-401k-options/ I also ended up going with the Fidelity solo 401k, which I've been very satisfied with. I was briefly looking at ETrade versus TD Ameritrade befor...
by SelfEmployed123
Thu Jun 14, 2018 5:17 pm
Forum: Investing - Help with Personal Investments
Topic: Renting vs Buying a Home
Replies: 24
Views: 2105

Re: Renting vs Buying a Home

I know this is a very complicated question that has a ton of facets...but I want to try and broach the topic of whether I should look into buying a home vs. continuing to rent (because of the 'why not pay towards equity rather than paying someone else's mortgage' thought). *** paying about 1200/mon...
by SelfEmployed123
Thu Jun 14, 2018 5:15 pm
Forum: Investing - Help with Personal Investments
Topic: Renting vs Buying a Home
Replies: 24
Views: 2105

Re: Renting vs Buying a Home

Dukie12345, It seems like you are most concerned about the financial benefits of buying versus renting. When you run your own numbers, you should all of the associated costs. Owning a house includes the following costs: House payment (mortgage + principal), property taxes, home owner's insurance, ma...
by SelfEmployed123
Wed Jun 13, 2018 7:38 am
Forum: Personal Finance (Not Investing)
Topic: Forbes: Millennials Aren't Having Kids Heres Why That's a Problem for Baby Boomer Real Estate and Retirement
Replies: 74
Views: 7664

Re: Forbes: Millennials Aren't Having Kids Heres Why That's a Problem for Baby Boomer Real Estate and Retirement

It’s too early to make judgments on millenials. I am an “old” millenial, born in 1986. I didn’t have a computer in the house I was allowed to touch until I was 12, and we didn’t have the internet until I was 14. My wife and I just bought our first home, in the suburbs. Millenials range from ages ab...
by SelfEmployed123
Tue Jun 12, 2018 4:31 pm
Forum: Personal Consumer Issues
Topic: Anyone with a paid off house drop homeowners insurance
Replies: 79
Views: 6415

Re: Anyone with a paid off house drop homeowners insurance

You may be able to afford to self-insure on the loss of the house. However, is the amount you would gain per year really worth the downside risk you'd be incurring? The general advice is to buy insurance for low probability, high impact events like loss of life, loss of income, loss of house, etc. Y...
by SelfEmployed123
Tue Jun 12, 2018 2:08 pm
Forum: Investing - Help with Personal Investments
Topic: [Looking for ways to reduce taxes and keep more of my income]
Replies: 91
Views: 9548

Re: Getting killed on taxes - any ideas?

OP: I am sure you and your wife both worked very hard to get to this point. At your current income you are in the top 1% of households and also doing very well by the standards of this thread. Honestly, your questions are going to best be addressed by consulting with an accountant. In my experience ...
by SelfEmployed123
Mon Jun 11, 2018 10:33 pm
Forum: Investing - Theory, News & General
Topic: Interesting video from Ramsey today [How Ramsey Outperforms The Stock Market]
Replies: 134
Views: 12904

Re: Interesting video from Ramsey today

Ramsay really strikes me as the kind of person who refuses to learn. His condescension toward virtually the entire academic community, never mind Bogleheads, is truly astounding. The fact that he still espouses 8% withdrawals alone is enough to make me completely avoid listening to anything he has ...
by SelfEmployed123
Mon Jun 11, 2018 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 903
Views: 232737

Re: Share your net worth progression

Am I the only one who thinks these threads are pretty useless, and are their own warped version of comparing yourself to others and keeping up with the Jones's? No. In fact, they are worse than useless because comparisons can lead you to change your individual behavior which may cause more harm tha...
by SelfEmployed123
Mon Jun 11, 2018 6:12 am
Forum: Investing - Help with Personal Investments
Topic: Solo 401k - fidelity vs. vanguard
Replies: 21
Views: 2389

Re: Solo 401k - fidelity vs. vanguard

I recently had to make this very decision between Vanguard and Fidelity solo 401k plans. After looking through all of the different plans, the decision (at least for me) boiled down to two factors: 1) Do you want to take advantage of a Roth option for solo 401k? 2) How concerned are you about access...
by SelfEmployed123
Sat Jun 09, 2018 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Another home thread: 2mil / 40K in taxes
Replies: 59
Views: 6033

Re: Another home thread: 2mil / 40K in taxes

OP: Why do you want to buy a house? Even if you could afford it, at those numbers I just don't see how you come out ahead (at least financially). Like other posters have said, unforeseen events may significantly change whether you will always be able to afford to own where you live. Owning a home is...
by SelfEmployed123
Tue Jun 05, 2018 6:50 am
Forum: Investing - Help with Personal Investments
Topic: What are you doing with cash?
Replies: 82
Views: 11334

Re: What are you doing with cash?

My personal choice would be Vanguard Prime Money Market Fund (VMMXX), current SEC Yield = 1.91% in a taxable account. When needed the money can be available in your checking account within 2 days. This. The yield has been rising all year and at some point went past what you can get in a high yield ...
by SelfEmployed123
Mon Jun 04, 2018 6:20 am
Forum: Investing - Help with Personal Investments
Topic: Left Betterment, Need help simplifying portfolio in Vanguard
Replies: 10
Views: 2191

Re: Left Betterment, Need help simplifying portfolio in Vanguard

It would help if you listed the expense ratios for each fund you hold. Many in this forum would recommend a three fund portfolio. See this link for more details: https://www.bogleheads.org/wiki/Three-fund_portfolio . That would mean selling your investments and purchasing Vanguard Total Stock Market...
by SelfEmployed123
Sat Jun 02, 2018 10:16 am
Forum: Investing - Help with Personal Investments
Topic: Why have a savings account at all?
Replies: 153
Views: 12277

Re: Why have a savings account at all?

Because placing your entire living savings/net worth in paper (stocks and bonds) is careless, at best. Zero control over your investment. My order for safety, control, and security: 1. Real estate 2. Cash/Gold ... ... 3. Paper assets I don't hold gold, but I maintain roughly a 70/20/10 allocation o...
by SelfEmployed123
Fri Jun 01, 2018 8:01 am
Forum: Personal Finance (Not Investing)
Topic: Keep pension or roll over to IRA?
Replies: 14
Views: 1181

Re: Keep pension or roll over to IRA?

That's a tough one. If you assume she invests it in a total stock market index at age 41 until age 67, your result really depends on what you assume the average return in the stock market will be. If you assume 7 percent per year return, she will have about $200K. Assuming a 4 percent withdrawal rat...
by SelfEmployed123
Mon May 28, 2018 7:47 am
Forum: Personal Consumer Issues
Topic: Please help with grocery budget
Replies: 51
Views: 4762

Re: Please help with grocery budget

I don't have much to add to the numerous comments. Costco generally has some very good deals as you should be saving money when buying in bulk. Meats at costco are very well priced. I suggest you actually go through and line by line record the price of your food purchased at farmer's markets and Har...
by SelfEmployed123
Fri May 25, 2018 5:24 am
Forum: Personal Finance (Not Investing)
Topic: govt vs. private job offers: please help me decide!
Replies: 38
Views: 3752

Re: govt vs. private job offers: please help me decide!

JOB 2: VA job as a Psychologist (inpatient psychiatry unit) *Probably start as GS-12, step 1 at $73,875, with step increases each year: (to 76K,then 78K, 81K, 83K...). *The typical VA benefits package including Thrift Savings Plan (TSP), social security, and FERS basic benefits (including matching ...
by SelfEmployed123
Thu May 24, 2018 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: govt vs. private job offers: please help me decide!
Replies: 38
Views: 3752

Re: govt vs. private job offers: please help me decide!

With your qualifications you could literally approach any private practice in the future and get a job offer like Job #1. In private practice the bottleneck is finding licensed clinicians, not finding clients, so you will always be able to get a job as long as you are licensed in a specialty like Ne...
by SelfEmployed123
Thu May 24, 2018 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: govt vs. private job offers: please help me decide!
Replies: 38
Views: 3752

Re: govt vs. private job offers: please help me decide!

Congratulations on finishing your degree and your multiple job offers! I am also a psychologist and have struggled with these issues before ending up in solo private practice. I agree with a prior poster that Jobs 3 and 4 seem like worse deals. Here are some thoughts on Job 1 versus Job 2. I have co...
by SelfEmployed123
Thu May 24, 2018 8:32 am
Forum: Personal Finance (Not Investing)
Topic: New tax law -LLC vs S-Corp
Replies: 5
Views: 893

Re: New tax law -LLC vs S-Corp

I suggest you talk with your accountant. I am a sole proprietor and had touched base with my own accountant regarding this issue. It's true you will save money on FICA/payroll taxes if you set up an S-Corp. However, there are multiple requirements regarding record keeping and payroll. If you cannot ...
by SelfEmployed123
Tue May 15, 2018 12:02 pm
Forum: Local Chapters and Bogleheads Community
Topic: Yes, I'm 89 all right! [Jack Bogle]
Replies: 126
Views: 11987

Re: Yes, I'm 89 all right!

Mr. Bogle: I read The Little Common Sense Book on Investing earlier this year. It was one of the most helpful books I've ever read. Prior to reading your book, investing was always mysterious and intimidating to me. Now I am confident that I will be able to receive a fair share of whatever the marke...
by SelfEmployed123
Mon May 14, 2018 11:38 am
Forum: Personal Finance (Not Investing)
Topic: When is the right time to buy a house?
Replies: 28
Views: 2492

Re: When is the right time to buy a house?

I have been renting for over 7 years now and I am spent $600 on average per month on rent. I have zero debt and sizable chunk in savings and investment which is enough for a 15-20% down payment on a mortgage. House prices have been rising over the past few years. Is this a right time to buy? Mortga...
by SelfEmployed123
Mon May 14, 2018 6:29 am
Forum: Investing - Help with Personal Investments
Topic: Are bonds really needed - why not 100% stocks?
Replies: 71
Views: 6623

Re: Are bonds really needed - why not 100% stocks?

A little perspective for those who perhaps haven't experienced a bear market: https://www.bogleheads.org/forum/viewtopic.php?t=25126 Thank you for posting that. Reading reactions to the markets in real time is invaluable (kind of like the book Great Depression: A Diary). I've been wondering myself ...
by SelfEmployed123
Thu May 10, 2018 9:56 am
Forum: Investing - Help with Personal Investments
Topic: Why are stock returns expected to be so low over the next decade?
Replies: 27
Views: 5111

Re: Why are stock returns expected to be so low over the next decade?

Thank you to those of you who have been breaking it down. Will post additional questions if I have any. really no one can predict anything, and if they could would it change your investing strategy? I'll be in wealth accumulation over the next 20-25 years, so the plan is to keep buying mostly stocks...
by SelfEmployed123
Wed May 09, 2018 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: 401k funds please help me chose.
Replies: 26
Views: 1980

Re: 401k funds please help me chose.

I'd recommend FUSVX as your primary holding for stocks and FSITX as your primary holding for bonds. I don't see a good international stock index fund there, so you may want to invest in one through an IRA. You will likely have more choices in your own IRA and will likely be able to find an internati...
by SelfEmployed123
Wed May 09, 2018 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Newb: Money Market Fund (VMSXX) vs high yield savings online banking for E-fund?
Replies: 15
Views: 3405

Re: Newb: Money Market Fund (VMSXX) vs high yield savings online banking for E-fund?

I suggest you look into opening a brokerage account at Vanguard. You can invest in Vanguard Prime Money Market (VMMXX). Current SEC yield is 1.84, which is expected to rise if the Feds continue raising interest rates. Money market funds are more responsive to raise rates with the fed, whereas high y...
by SelfEmployed123
Wed May 09, 2018 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: Why are stock returns expected to be so low over the next decade?
Replies: 27
Views: 5111

Why are stock returns expected to be so low over the next decade?

Hello Bogleheads, There have been several posts as of late regarding forecasts that stocks will have low nominal returns moving forward. Vanguard is forecasting between 4-5 percent nominal returns per year for stocks over the next decade along with high volatility (https://personal.vanguard.com/pdf/...
by SelfEmployed123
Wed May 09, 2018 7:32 am
Forum: Investing - Help with Personal Investments
Topic: 25 Years Old. Need help. In the Guard. Currently having TSP trying to pay off debt then make plan for Roth IRA??
Replies: 27
Views: 1999

Re: 25 Years Old. Need help. In the Guard. Currently having TSP trying to pay off debt then make plan for Roth IRA??

I want to echo what others have said regarding following Dave Ramsey's plan. You should read the Total Money Makeover. It is never too late to get started on getting out of debt. You are only 25. You have plenty of time to work on this. However, it may take until your late 20s to clean this mess up....
by SelfEmployed123
Tue May 08, 2018 7:03 am
Forum: Investing - Theory, News & General
Topic: Why do so many Americans not own stocks?
Replies: 44
Views: 4071

Re: Why do so many Americans not own stocks?

Every year millions of 18-year-olds graduate from high school, sign up for credit cards without understanding them, and get trapped in the debt cycle. Before you can invest, you need to understand personal finance enough to control your spending, avoid toxic debt, and save money. If basic financial ...
by SelfEmployed123
Tue May 08, 2018 6:49 am
Forum: Investing - Theory, News & General
Topic: "TD scores sweet exclusive deal with Vanguard that includes RIAs managing otherwise self-directed 401(k) accounts"
Replies: 2
Views: 616

Re: "TD scores sweet exclusive deal with Vanguard that includes RIAs managing otherwise self-directed 401(k) accounts"

Does this mean that Vanguard ETFs will be commission free on TD Ameritrade for institutional investors? What about individual investors?
by SelfEmployed123
Mon May 07, 2018 9:34 am
Forum: Personal Finance (Not Investing)
Topic: What career for smartest kid in the class?
Replies: 132
Views: 9800

Re: What career for smartest kid in the class?

IMO, the smartest kid in the class will think very carefully about taking on student loan debt and make sure any loans taken on have a high likelihood of being paid off in a timely manner. The smartest kid in the class is also aware that money is not the only relevant factor when choosing a career. ...
by SelfEmployed123
Mon May 07, 2018 9:23 am
Forum: Investing - Theory, News & General
Topic: Which brokerage has the lowest ER on SP500 index fund?
Replies: 29
Views: 1736

Re: Which brokerage has the lowest ER on SP500 index fund?

I've been looking into setting up a solo 401k as well. I found this review very helpful: https://thecollegeinvestor.com/18174/comparing-the-most-popular-solo-401k-options/ There are also many threads in this forum regarding all of the different brokerage options. I encourage you to think beyond the ...
by SelfEmployed123
Mon May 07, 2018 8:00 am
Forum: Investing - Help with Personal Investments
Topic: Funds for a down payment on house
Replies: 8
Views: 1163

Re: Funds for a down payment on house

I have my house downpayment and emergency fund in the Vanguard Prime Money Market Fund (VMMXX). It's been earning about 2% and will continue to rise as the Fed raises rates. Also, VMMXX keeps your funds completely liquid. It's easy to transfer your money to your bank and the share price is set to st...
by SelfEmployed123
Sun May 06, 2018 7:44 am
Forum: Investing - Help with Personal Investments
Topic: Are bonds necessary/beneficial in my situation?
Replies: 21
Views: 2381

Re: Are bonds necessary/beneficial in my situation?

I've been wondering about this myself. Point number 3 in the Bogleheads philosophy begins with the question: Will I sell in the next bear market? That's a hard question to know the answer to 8 years into a bull market. Many in this forum have talked about JL Collin's A Simple Path To Wealth, which a...
by SelfEmployed123
Sat May 05, 2018 1:38 am
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to rent as a retiree?
Replies: 83
Views: 9868

Re: Does it make sense to rent as a retiree?

It's a very good question and one I have also been pondering. I'm in my mid 30s and am currently renting. I feel pressure at times to buy so that I won't have a mortgage when I retire, but I'm increasingly questioning that logic. As far as it coming down to a market by market decision, I am also que...
by SelfEmployed123
Sun Apr 29, 2018 6:39 pm
Forum: Personal Consumer Issues
Topic: Visiting OK and KS with family
Replies: 31
Views: 2174

Re: Visiting OK and KS with family

I went to grad school at KU and lived in Lawrence for 5 years. The campus is beautiful and nice to walk around. You can get a good view of it from atop the Oread Hotel. Free State brewery has good beer, but their food is average. By all means grab some beers at Free State. However, if you go to Lawr...
by SelfEmployed123
Fri Apr 27, 2018 9:58 am
Forum: Personal Finance (Not Investing)
Topic: 300k vs 500k house?
Replies: 32
Views: 5094

Re: 300k vs 500k house?

This is a highly debated topic, but I believe the following blog post may provide some useful information: http://jlcollinsnh.com/2013/05/29/why-your-house-is-a-terrible-investment/ In general and on average your money is probably better put to use in the stock market as money invested will generate...
by SelfEmployed123
Mon Apr 16, 2018 4:56 am
Forum: Investing - Help with Personal Investments
Topic: Individual 401K Advice: Vanguard or ETrade?
Replies: 6
Views: 1144

Re: Individual 401K Advice: Vanguard or ETrade?

Thank you so much! Just a few follow up questions: It's easy peasy. The dividends buy fractional shares in the account automatically. New money can't do this, but dividends can. Also, you can't sell fractional shares without liquidating the entire position. At which point, the brokerage will sell th...
by SelfEmployed123
Sun Apr 15, 2018 9:27 pm
Forum: Investing - Help with Personal Investments
Topic: Individual 401K Advice: Vanguard or ETrade?
Replies: 6
Views: 1144

Individual 401K Advice: Vanguard or ETrade?

Hello Bogleheads, I am in the process of researching Individual 401k plans. I've narrowed down my choice to either Vanguard or ETrade. This is due to the fact that I would like to have a Roth 401K option and rolling over an IRA is not an issue. My wife and I already have our Roth IRAs and a brokerag...