Search found 1042 matches

by investor1
Sat Sep 08, 2012 8:59 am
Forum: Personal Consumer Issues
Topic: Cancelling a credit card?
Replies: 13
Views: 1803

Re: Cancelling a credit card?

Downgrading is an option, but if you don't want to card/line of credit, close it. As someone else said, the impact is low unless it is your oldest card. You rating will return to normal within a few months. Are you planning on entering a new debt in the near-ish future?
by investor1
Tue Sep 04, 2012 10:17 pm
Forum: Personal Investments
Topic: Poll: What if I-Bonds hit 0% composite rate?
Replies: 19
Views: 3255

Re: Poll: What if I-Bonds hit 0% composite rate?

High interest savings account. You'll get some return, and the money will be available if rates go up.
by investor1
Tue Sep 04, 2012 8:00 pm
Forum: Personal Consumer Issues
Topic: Advice on buying a car via the internet/email
Replies: 7
Views: 1057

Re: Advice on buying a car via the internet/email

I just read that. Nice write up, thanks! I'm going to do this for the next car I buy.
by investor1
Tue Sep 04, 2012 11:46 am
Forum: Personal Finance (Not Investing)
Topic: If you retired on $90k/year????
Replies: 55
Views: 9114

Re: If you retired on $90k/year????

I interpreted the question as "You magically get $90k each year (inflation adjusted). No more, no less. What adjustments do you need to make?" I don't know anyone who spends $90k each year. Everyone I know who makes more than that, saves a lot. If you are guaranteed to keep getting it, you don't nee...
by investor1
Fri Aug 31, 2012 7:11 pm
Forum: Personal Investments
Topic: Savings help for a debt free 22 y/o
Replies: 16
Views: 2023

Re: Savings help for a debt free 22 y/o

Roth IRA doubles as an emergency fund. 1. Keep in mind, you can't withdraw anything (including contributions) from a Roth IRA for the first five years unless it is for a qualified expense (school, home, etc.). 2. Keep in mind, the funds might not be there in an emergency since the market might be d...
by investor1
Fri Aug 31, 2012 7:06 pm
Forum: Personal Investments
Topic: Savings help for a debt free 22 y/o
Replies: 16
Views: 2023

Re: Savings help for a debt free 22 y/o

1. Contribute enough to the 401(k) to get the full company match. 2. Open up a Roth IRA and max that out each year (currently $5k) or come as close to max'ing it out as you think you can afford. 3. Put together a plan for saving your emergency fund. Open up a high interest savings account (or checki...
by investor1
Wed Aug 29, 2012 2:13 pm
Forum: Personal Consumer Issues
Topic: Best Car Security Device
Replies: 39
Views: 3049

Re: Best Car Security Device

You guys must either a) live in sketchy neighborhoods, or b) be paranoid. The issues mentioned are quite infrequent/unlikely and have next to nothing to do with the car being stolen (the OP). Sure, there's always CarJacking, but when was the last time anybody heard of that happening? I think the po...
by investor1
Wed Aug 29, 2012 11:23 am
Forum: Personal Consumer Issues
Topic: Best Car Security Device
Replies: 39
Views: 3049

Re: Best Car Security Device

A blinking LED placed on (or under) the dash and a security sticker.

Don't leave valuables in plain view. Don't park in bad areas/use common sense.

Beyond that, the club. If a thief is deciding which car to steal, part of his decision is based on which car is the easiest to steal.
by investor1
Wed Aug 29, 2012 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Help a friend get out of massive debt
Replies: 57
Views: 6975

Re: Help a friend get out of massive debt

1. Move to a cheaper apartment closer to work 2. Get a cheaper phone (less than $50/month) 3. Get rid of cable 4. Buy a used bicycle/take the bus $4k/month is plenty to live off of and pay off debt. Have him create a budget. His bills/spending (other than debt) shouldn't be more than about 25% of hi...
by investor1
Sat Aug 25, 2012 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: College Saving Plan = paying off mortgage early
Replies: 41
Views: 5947

Re: College Saving Plan = paying off mortgage early

What is your mortage rate? Could you get a better return in a 529 or a similar investment account?
by investor1
Sat Aug 25, 2012 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford this quarter life crisis?
Replies: 88
Views: 10774

Re: Can I afford this quarter life crisis?

I should mention BMW (and I'm sure Audi) has a great maintenance program for new cars. Leasing might not be so bad...
by investor1
Sat Aug 25, 2012 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford this quarter life crisis?
Replies: 88
Views: 10774

Re: Can I afford this quarter life crisis?

Honestly, it isn't worth it. Insurance, gas, and maintenance are expensive on a car like that (especially if you get a ticket), particularly for a twenty-something single guy. I've got a BMW which is fully paid for and still costs me a solid $250/month ($90 for insurance, $120 for gas (less than 10k...
by investor1
Fri Aug 24, 2012 12:28 pm
Forum: Personal Investments
Topic: got my 401k statement...should I stop contributing?
Replies: 14
Views: 4665

Re: got my 401k statement...should I stop contributing?

If you are married, then you each can contribute up to the limit in IRA-type accounts (in your own names) as well as 401(k) type accounts each year.
by investor1
Fri Aug 24, 2012 11:50 am
Forum: Personal Investments
Topic: got my 401k statement...should I stop contributing?
Replies: 14
Views: 4665

Re: got my 401k statement...should I stop contributing?

Should I just stop with the Franklin funds and put 6000 in my IRA every year and the rest in the Roth? If you contribute $6k/year into your IRA, you can't contribute to a Roth IRA. The limit is $6k for IRA-type accounts which means you can split that money up between your traditional IRA and your R...
by investor1
Mon Aug 20, 2012 3:23 pm
Forum: Investing - Theory, News & General
Topic: "Wait to Begin Social Security" ?
Replies: 47
Views: 6139

Re: "Wait to Begin Social Security" ?

The best counter-argument which I am aware of is that you can't leave your uncollected SS benefits to a loved one (other than your spouse). Assuming you survive your spouse, this affects how much you will leave for the next generation to inherit. Not that I am saying there aren't perfectly valid arg...
by investor1
Mon Aug 20, 2012 11:42 am
Forum: Investing - Theory, News & General
Topic: When did you start to save a regular significant amount?
Replies: 81
Views: 14179

Re: When did you start to save a regular significant amount?

I started contributing the maximum my company would match the day I started my first job out of college. I was 23 at the time.

At 28 I became much more interested in saving for retirement and starting max'ing out my 401(k) as well as a Roth IRA.

...so at age 28.
by investor1
Fri Aug 17, 2012 11:56 am
Forum: Personal Investments
Topic: Financial reading website with regular updates
Replies: 19
Views: 5002

Re: Financial reading website with regular updates

I agree. There is a lot of filler posted to those sites.
by investor1
Wed Aug 15, 2012 3:58 pm
Forum: Personal Consumer Issues
Topic: Seattle trip suggestions
Replies: 27
Views: 4189

Re: Seattle trip suggestions

Go to a Mariners game!
by investor1
Tue Aug 14, 2012 10:54 pm
Forum: Personal Investments
Topic: Tax Question - Capital Gains
Replies: 24
Views: 5529

Re: Tax Question - Capital Gains

I find your post a bit difficult to follow. It would help if you posted the following: 1. Your current gross salary 2. Your current traditional 401(k) contributions 3. How much (value of) stock you want to sell from your taxable account 4. Your current contributions to any other retirement accounts ...
by investor1
Sun Aug 12, 2012 12:20 pm
Forum: Personal Investments
Topic: Receiving 250-300k And Torn On How To Grow It
Replies: 42
Views: 3949

Re: Receiving 250-300k And Torn On How To Grow It

I'd also be concerned that a smooth talking "financial manager" (or other sales person) will take advantage of this and fleece the family. When I was 18, I didn't know much about money management. But if I was an 18 year old with my 50 year old knowledge, I would take the $250k and: 1. Have mom, da...
by investor1
Fri Aug 10, 2012 2:52 pm
Forum: Personal Investments
Topic: Poll: When did you 1st learn about a Roth IRA?
Replies: 54
Views: 8146

Re: Poll: When did you 1st learn about a Roth IRA?

I'm a twenty-something, so I wasn't paying attention until a couple of years ago.
by investor1
Fri Aug 10, 2012 7:20 am
Forum: Personal Consumer Issues
Topic: Two part car accident question
Replies: 28
Views: 2231

Re: Two part car accident question

Regarding the neighbors; they said don't worry about it, so don't worry about it. You have the part numbers for the repairs. Google them and add up the prices, then add labor costs. Economy parts typically isn't anything to worry about (the manufactor of your car/the dealership just wants you to thi...
by investor1
Sat Aug 04, 2012 9:41 pm
Forum: Personal Investments
Topic: Recommendations for brokerage firms
Replies: 15
Views: 1836

Re: Recommendations for brokerage firms

Thanks everyone. I'm going to look into this again tomorrow and make a decision. I'm leaning toward Fidelity. Their fees seem reasonable, and my 401(k) is already there anyway.
by investor1
Fri Aug 03, 2012 5:54 pm
Forum: Personal Investments
Topic: Recommendations for brokerage firms
Replies: 15
Views: 1836

Re: Recommendations for brokerage firms

I called VG. It is 25 trades for $7 in a lifetime rather than 25 trades for $7 per year.
by investor1
Fri Aug 03, 2012 2:44 pm
Forum: Personal Investments
Topic: Recommendations for brokerage firms
Replies: 15
Views: 1836

Re: Recommendations for brokerage firms

I just looked into VG's Brokerage Services. $7 for the first 25 trades*/$20 for subsequent trades $20 is way too high. $7 isn't bad. *The reduced commission or commission-free transactions will apply to the first 25 transactions in each calendar year to any combination of stocks and non-Vanguard ETF...
by investor1
Fri Aug 03, 2012 2:16 pm
Forum: Personal Investments
Topic: Recommendations for brokerage firms
Replies: 15
Views: 1836

Re: Recommendations for brokerage firms

My Roth is with VG and my 401(k) is with Fidelity.
by investor1
Fri Aug 03, 2012 2:04 pm
Forum: Personal Investments
Topic: Recommendations for brokerage firms
Replies: 15
Views: 1836

Recommendations for brokerage firms

Hi, I'd like to open up a taxable brokerage account to invest a small amount of money. I probably won't go with the mutual fund approach for this account. From time to time I see some good buys on the market which I would like to put a little bit of money into. I know this isn't the BH's way, but it...
by investor1
Sun Jul 29, 2012 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: Do Bogleheads use emergency funds to buy new cars with?
Replies: 36
Views: 5028

Re: Do Bogleheads use emergency funds to buy new cars with?

I put aside $3k/yr for maintenance/repairs/replacement. If I need more than that, I take it out of the EF and pay myself back.
by investor1
Mon Jul 16, 2012 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Efficient Data Plan/cell phone
Replies: 34
Views: 4653

Re: Efficient Data Plan/cell phone

If you end up going with T-Mobile, they have a referral program where they will pay both the current customer and the new customer. If you have family/friends with T-Mobile, hook them (and yourself) up. Otherwise, it'd be nice of you to PM someone on this thread which gave you good advice and comple...
by investor1
Sun Jul 15, 2012 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Efficient Data Plan/cell phone
Replies: 34
Views: 4653

Re: Efficient Data Plan/cell phone

I recently switched providers myself and did a side by side comparison between Verizon, Sprint, AT&T, and T-Mobile. For an individual plan, I found T-Mobile to be the cheapest option by far (I'm saving $15/month versus Verizon). YMMV for a family plan. I get a discount through my employer with each ...
by investor1
Sun Jun 24, 2012 3:22 pm
Forum: Personal Consumer Issues
Topic: Classic Car for Teen Driver(?)
Replies: 106
Views: 21478

Re: Classic Car for Teen Driver(?)

If he is paying for it, you shouldn't be overly concerned. He needs to learn how to be financially reasonable. If it ends up being a mistake, he will learn from it. If it is his passion, encourage him. Make sure he understands the money which it will cost to maintain the car. Make sure he understand...
by investor1
Sat Jun 23, 2012 10:59 pm
Forum: Personal Investments
Topic: Investing a windfall - confused about Vanguard "rules"
Replies: 3
Views: 1057

Re: Investing a windfall - confused about Vanguard "rules"

As others have pointed out, the Admiral shares will simply become Investor shares (aka the expense ratio goes up). However, Vanguard will send you notice asking you to put more money into the fund in order to avoid having the shares converted into Investor shares, so you'll have a chance to avoid th...
by investor1
Fri Jun 22, 2012 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One Cash vs. Fidelity Amex Rewards
Replies: 43
Views: 39313

Re: Capital One Cash vs. Fidelity Amex Rewards

If you are going to carry more than one card, get both. If not, get the CO card.

As someone else pointed out the CO card has no foreign transaction fee. Dunno about the AMEX card.

I hate CO's website.
by investor1
Thu Jun 21, 2012 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: I Want to Pay My Parents Debt
Replies: 33
Views: 4751

Re: I Want to Pay My Parents Debt

Make a budget and pay your parents rent. Let them decide how that money is best used. You said you make ~$75k and you do the following with it: 15% goes into the 401(k) 30% is my rough estimate for taxes/SS/medicare/benefits 1.6% goes into a MF 16% goes toward paying off your debt 30% is my rough es...
by investor1
Wed Jun 20, 2012 1:02 pm
Forum: Personal Investments
Topic: My children inherited $175,000
Replies: 23
Views: 4496

Re: My children inherited $175,000

We'll need more details about where the money is now (what kind of account).

You should look into the college savings plan options which are offered by your state.
by investor1
Wed Jun 20, 2012 10:15 am
Forum: Personal Consumer Issues
Topic: Appliance Repairs: Is it worth it?
Replies: 44
Views: 6381

Re: Appliance Repairs: Is it worth it?

If the ice dispenser is the only problem, it is either a blockage or a problem with the motor which moves the ice through. Neither of which is a very complicated fix. It pays to take the time to learn to DIY (and for many of us it is fun!). It tends to be pretty easy now that the internet is massive...
by investor1
Thu Jun 14, 2012 9:23 am
Forum: Personal Investments
Topic: 401(k) Vs. Roth 401(k)
Replies: 37
Views: 2540

Re: 401(k) Vs. Roth 401(k)

I don't think his taxes will go up due to an increase in pay (at least not until he is near the end of his career). If he makes $46k now, he will need to make an additional $36.4k in order to bump into the next (federal) tax bracket, and that is inflation adjusted. That also does not account for 401...
by investor1
Sat Jun 09, 2012 6:35 pm
Forum: Personal Consumer Issues
Topic: Need advice - threatening contractor
Replies: 77
Views: 10615

Re: Need advice - threatening contractor

Only on the internet would so many people be compelled to argue about how they arrived at the same conclusion.

It'd be great to get an update from the OP.
by investor1
Sat Jun 09, 2012 6:26 pm
Forum: Forum Issues and Administration
Topic: Stay logged in until the browser closes
Replies: 2
Views: 801

Re: Stay logged in until the browser closes

gotherelate wrote:I'm not going to log out to verify, but I think there is a "keep me logged in" option when you log in.
Thank you. You, sir, are a gentleman and a scholar!
by investor1
Sat Jun 09, 2012 4:19 pm
Forum: Forum Issues and Administration
Topic: Stay logged in until the browser closes
Replies: 2
Views: 801

Stay logged in until the browser closes

I have noticed I am automatically logged out after a period of inactivity (I'm guessing it is about an hour???). I don't usually spend a lot of time being active on the forum. I typically spend a few minutes browsing and come back hours later. By the time I come back, I am logged out. Is there any c...
by investor1
Sat Jun 09, 2012 3:10 pm
Forum: Personal Investments
Topic: Thank You All for your great advice
Replies: 3
Views: 562

Re: Thank You All for your great advice

This forum/wiki is a great first stop for anyone who wants to start investing. It's always nice to start off on the right foot.
by investor1
Sat Jun 09, 2012 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: College Funding Strategies
Replies: 85
Views: 9727

Re: College Funding Strategies

Your kid can go to whatever college they want. As long as she is majoring in something which has good career opportunities and she is a good student, she will be fine taking out loans and paying them off on her own. This is dangerous advice. Unfortunately, 17- and 18-year-olds entering college have...
by investor1
Sat Jun 09, 2012 1:01 pm
Forum: Personal Consumer Issues
Topic: Laptop Security at Conference
Replies: 14
Views: 1355

Re: Laptop Security at Conference

Call ahead and see if they have lockers or some other secured area. If they say no, you could also ask someone who works there to store your laptop behind a counter or something when you have to leave it unattended (the worse they can say it no). Lock your screen when you are away. Set a timer to au...
by investor1
Sat Jun 09, 2012 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: College Funding Strategies
Replies: 85
Views: 9727

Re: College Funding Strategies

Your kid can go to whatever college they want. As long as she is majoring in something which has good career opportunities and she is a good student, she will be fine taking out loans and paying them off on her own. Your list seems pretty good and someone else mentioned tax refunds. Do what you can ...
by investor1
Fri Jun 08, 2012 11:56 pm
Forum: Personal Consumer Issues
Topic: Need advice - threatening contractor
Replies: 77
Views: 10615

Re: Need advice - threatening contractor

Contact the guy in writing. Remind him he agreed to complete a job for a specific price, and that agreement is in writing (without a verbal amendment). I wouldn't want the guy back in my house given the way he has handled this, so tell him you want the materials which you paid for to complete the jo...
by investor1
Fri Jun 08, 2012 7:09 pm
Forum: Personal Consumer Issues
Topic: That Frugal Thing You Do
Replies: 571
Views: 135189

Re: That Frugal Thing You Do

Saphomd wrote:I also sneak booze into the ballpark. I refuse to pay 9 bucks for a beer. :sharebeer
http://www.instructables.com/id/How-to- ... by-or-a-c/
by investor1
Fri Jun 08, 2012 6:43 pm
Forum: Personal Investments
Topic: Should my 401k allocation mirror my Roth IRA?
Replies: 17
Views: 1538

Re: Should my 401k allocation mirror my Roth IRA?

Yes. By definition, that AA is the way you want it. The other approach would be to achieve your AA across your accounts rather than in each account. It sounds like you might not be interested in this approach. If you are, you can start here: http://www.bogleheads.org/wiki/Principles_of_Tax-Efficient...