Search found 281 matches

by camillus
Sun Jun 04, 2017 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting
Replies: 47
Views: 5002

Re: Budgeting

I converted from Quicken to YNAB. It was a tremendous change for the good. YNAB and, I believe, Every Dollar give you laser like focus on zero-based budgeting, which helps you manipulate your savings rate, which is the most important factor in personal finance. These two programs are essentially use...
by camillus
Sun Jun 04, 2017 4:53 am
Forum: Personal Consumer Issues
Topic: $250 to open a new checking account
Replies: 7
Views: 1288

Re: $250 to open a new checking account

While you're at it, open a business checking account also for a $500 bonus. I just did this and collected both bonuses - though I only got $150 for the asterisk free checking. One of the conditions for the business account bonus is keeping $5000 parked there for 6 months. So this is what you do: 1) ...
by camillus
Sun Jun 04, 2017 2:03 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2692
Views: 521179

Re: What's Your Credit Card Rewards Strategy?

Here's my credit card reward strategy. I believe it is adequately simple and safe while still maximizing rewards. I have been doing this for a few years now and so am well past Chase's 5/24 rule. Here it is in a nutshell: 1) Have all of my credit card accounts monitored by Mint.com and log in monthl...
by camillus
Sat Jun 03, 2017 7:43 pm
Forum: Investing - Help with Personal Investments
Topic: Is there a way on earth to reduce SS taxes?
Replies: 54
Views: 6127

Re: Is there a way on earth to reduce SS taxes?

re: OP, I have found a way to reduce taxes with social security. As was suggested above, become a minister. The suggestion was made probably in reference of a minister or denomination's ability to regard SS as an immoral "insurance/gambling" product. That's not the case for my family, we get at it a...
by camillus
Thu May 04, 2017 8:18 pm
Forum: Investing - Help with Personal Investments
Topic: clergy: which tax adv retirement (and college saving) vehicle should I prefer?
Replies: 9
Views: 1453

Re: clergy: which tax adv retirement (and college saving) vehicle should I prefer?

I suppose some things to consider are if you are quite confident that you and/or your wife will make it past the first "bend point" in social security over the course of your working career. Another thing is to make sure you are optimizing the housing allowance. Regarding paying in to social securit...
by camillus
Sun Apr 16, 2017 12:20 am
Forum: Personal Consumer Issues
Topic: Budget multitool knife
Replies: 28
Views: 3508

Re: Budget multitool knife

Perhaps a multi tool would be nice for a car, but I find most jobs other than merely tightening a screw requires more than one tool - say an adjustable wrench and a screwdriver - or a specific tool like a hammer or hex wrench or an interchangeable screwdriver. So for at home I'd say you'd be better ...
by camillus
Sat Apr 15, 2017 11:57 pm
Forum: Personal Finance (Not Investing)
Topic: My kids don't care about saving
Replies: 114
Views: 13430

Re: My kids don't care about saving

Why should they worry about their retirement when you are making contributions on their behalf?

Maybe you should take a vacation.
by camillus
Fri Mar 31, 2017 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Taxact-2017-Plus pre-order $60? (download version)
Replies: 11
Views: 1662

Re: Taxact-2017-Plus pre-order $60? (download version)

joe8d wrote:I told everybody back on CyberMonday that if you registered with TaxAct that day, you would get Fed and State Free. I did and payed nothing. Since I didn't get any responses to my post , I assume nobody payed attention to it.
I also paid $0 FED + state and filed schedules C and SE.
by camillus
Sun Mar 26, 2017 9:35 pm
Forum: Personal Consumer Issues
Topic: Our technology is old...advice on upgrading...
Replies: 62
Views: 5695

Re: Our technology is old...advice on upgrading...

So now I'm faced with waiting for things to break, or slowly upgrading things now. How have you all handled this? I'd wait for things to break. The nice thing about older tech is that you aren't putting a premium on screen time. I'd research how to care for your wife's iPhone, backing up pictures t...
by camillus
Sat Mar 25, 2017 3:04 am
Forum: Personal Consumer Issues
Topic: What is your favorite consumer product?
Replies: 309
Views: 50335

Re: What is your favorite consumer product?

Chromebook
Apple TV
John Deere Baseball Cap
Mr Coffee Coffee Maker
Sperry boat shoes
Mercury Grand Marquis / Crown Vic

My favorite consumer product that I do not own or have even touched is a Tesla.
by camillus
Fri Mar 17, 2017 11:56 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Feedback - Young College Professor
Replies: 10
Views: 1307

Re: Portfolio Feedback - Young College Professor

You have some opportunities to move to simplicity. Try to hold at most 1-2 funds in each of your accounts and see your portfolio as a whole. You have a lot of clutter. I recommend looking up "three fund portfolio" on the wiki. I'd hold TIAA Traditional in your 457. Sell everything else in the other ...
by camillus
Sun Mar 12, 2017 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: When should you replace a vehicle?
Replies: 52
Views: 5791

Re: When should you replace a vehicle?

My family's strategy is to also stagger age & reliability in cars. One is a Ford Escape with 40k miles, the other is a rusted clunker minivan called "Elton." Guess which one my wife drives. Reliability and confidence in snow is a major factor with vehicle no. 1. That car happens to have the cheaper ...
by camillus
Sun Mar 05, 2017 12:34 am
Forum: Local Chapters and Bogleheads Community
Topic: Your USER NAME...what does it mean?
Replies: 408
Views: 43891

Re: Your USER NAME...what does it mean?

patron saint of nurses
by camillus
Sat Mar 04, 2017 11:55 pm
Forum: Personal Consumer Issues
Topic: Climate and happiness revisited
Replies: 111
Views: 9429

Re: Climate and happiness revisited

I live in Michigan. None of you receive less sunlight than I do. Sometimes, it really gets to you. With me, I get grouchy with my family and want to lay around on the couch and read bogleheads.org. When the sun comes out, I become euphoric. It's true. When the sun comes out we are all so happy that ...
by camillus
Sat Mar 04, 2017 4:13 am
Forum: Personal Consumer Issues
Topic: Free ynab? [You Need A Budget]
Replies: 20
Views: 4948

Re: Free ynab? [You Need A Budget]

I am a member of the YNAB cult. As such, I must wholeheartedly recommend YNAB and turn up my nose to all competitors. I used Quicken for 4-5 years. Then I switched to YNAB. Two years later I was debt free, about to buy a car in cash, and contributing +20% of gross income towards retirement. YNAB off...
by camillus
Mon Feb 20, 2017 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: Help with choosing withholding on w-4
Replies: 4
Views: 519

Re: Help with choosing withholding on w-4

Hello everyone. I would like to know what would be most beneficial for my wife and I regarding our withholding on our w-4's for tax purposes. Hi schutzk21, There are several withholding calculators online. Here's one from the IRS itself: https://www.irs.gov/individuals/irs-withholding-calculator I ...
by camillus
Mon Feb 20, 2017 8:13 pm
Forum: Investing - Help with Personal Investments
Topic: Best way to Improve TIAA 403b R1
Replies: 15
Views: 1339

Re: Best way to Improve TIAA 403b R1

The Wizard wrote:Yes, find out what class of TIAA mutual funds, if any, are included.
Institutional Class would be the best...
So you're saying my retirement class funds would be less good :(

ERs in the mid 60s and up.
by camillus
Mon Feb 20, 2017 8:04 pm
Forum: Investing - Help with Personal Investments
Topic: Best way to Improve TIAA 403b R1
Replies: 15
Views: 1339

Re: Best way to Improve TIAA 403b R1

Do you have TIAA-CREF S&P 500 Index Fund (Institutional) TISPX available in your 403b? My accounts with TIAA are both R3, but my expense ratio on that one is only .06 ... might be easiest for your employer to add some of the cheaper funds within TIAA. Wow! Even that simple addition would solve my p...
by camillus
Mon Feb 20, 2017 3:53 pm
Forum: Investing - Help with Personal Investments
Topic: Best way to Improve TIAA 403b R1
Replies: 15
Views: 1339

Best way to Improve TIAA 403b R1

Hi all, thanks in advance for your help. My wife works for a divinity school that was left out in the cold a few years ago when TIAA went to its tiered fee structure. My wife has a good mix of fund selection, including TREA and TRAD (how can I tell which version of Traditional we have?). Unfortunate...
by camillus
Mon Feb 20, 2017 9:12 am
Forum: Investing - Help with Personal Investments
Topic: 403(b) Tiaa-Cref Help
Replies: 7
Views: 736

Re: 403(b) Tiaa-Cref Help

Ah! In all of this I forgot the reason I was so interested in this thread! Do you know how your 403(b) gained these Access funds? My 403(b) is also an R3 TIAA with horrible fees. If I could find out how your plan was improved, that would be fantastic!
by camillus
Mon Feb 20, 2017 9:04 am
Forum: Investing - Help with Personal Investments
Topic: 403(b) Tiaa-Cref Help
Replies: 7
Views: 736

Re: 403(b) Tiaa-Cref Help

Thank you camillus! No problemo. The above was to match what you currently have, the Cref Stock fund, with your requests re bond & real estate. You can ask further questions on if others have suggestions for a better AA. I just translated your desired AA to your current fund offerings. Regarding mi...
by camillus
Sun Feb 19, 2017 10:35 pm
Forum: Investing - Help with Personal Investments
Topic: 403(b) Tiaa-Cref Help
Replies: 7
Views: 736

Re: 403(b) Tiaa-Cref Help

I missed that the Vanguard Select Value represents mid caps. You can add that to the domestic stock position.
by camillus
Sun Feb 19, 2017 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: General thoughts on maxing HSA's
Replies: 9
Views: 1405

Re: General thoughts on maxing HSA's

Thank you for removing my post about hypothetical political situations. I continue to be interested what confidence others have with the HSA being a long term retirement savings vehicle.
by camillus
Sun Feb 19, 2017 9:22 pm
Forum: Investing - Help with Personal Investments
Topic: 403(b) Tiaa-Cref Help
Replies: 7
Views: 736

Re: 403(b) Tiaa-Cref Help

I looked up your CREF stock: http://www.surs.com/pdfs/SMP/funds/C-StAc.pdf approximately 70-75% domestic equity and 25-30% foreign equities So, you have a few buckets to figure out how to fill, per your asset allocation in your OP: 80% equities (divided 70:30 domestic to international, to match your...
by camillus
Sun Feb 19, 2017 11:07 am
Forum: Investing - Help with Personal Investments
Topic: Advice Please - Am I Doing This Right or Do I Need an Advisor Like All My Friends?
Replies: 20
Views: 2982

Re: Advice Please - Am I Doing This Right or Do I Need an Advisor Like All My Friends?

is the timing important at all or should I not so much worry Hi sourcebp, you are taking care of business - good job. I don't think I would worry about timing with your rebalance. There's no way to know when the time is good or bad. Also, there won't be much risk since you'll be rebalancing toward ...
by camillus
Sun Feb 19, 2017 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Student Debt
Replies: 26
Views: 3336

Re: Student Debt

I will be making approximately $180-200k starting salary Just want to point out that maxing out a 401(k) at $18k is a mere 10% of your gross income, and should result in > $4500 in tax savings, that's like only a bit more than $1000/mo of spending money towards the 401(k). That should be quite, wel...
by camillus
Sun Feb 19, 2017 1:41 am
Forum: Investing - Help with Personal Investments
Topic: Roth vs Traditional
Replies: 4
Views: 614

Re: Roth vs Traditional

Hi zetagirl, welcome. It looks like your total Roth contributions are $18,000. Your total deferred contributions are $16,000. From what I know, it is good to build up both kinds. You are surely though well into the 25% bracket or higher, so deferring income would be the priority. What you could do i...
by camillus
Sun Feb 19, 2017 1:26 am
Forum: Investing - Help with Personal Investments
Topic: New to Investing, [21 years old]
Replies: 14
Views: 1225

Re: New to Investing, [21 years old]

Just want to chime in about the Saver's Tax Credit. VanillaThunder, the year that you graduate make sure you target the Saver's Tax Credit. You might need to put some savings in a deferred account in order to lower your AGI to be eligible to collect the maximum amount. Also, keep up the good work. I...
by camillus
Sat Feb 18, 2017 11:28 pm
Forum: Personal Finance (Not Investing)
Topic: Missing my Microsoft Money - any equivalents?
Replies: 51
Views: 10123

Re: Missing my Microsoft Money - any equivalents?

You might want to look into Personal Capital. A former Intuit CEO runs the company. It can do budgeting, but it is mainly aimed at investors. It does a good job and makes recommendations on asset allocation. I'd look into it. I personally use YNAB since I regard my savings rate my most significant f...
by camillus
Sat Feb 18, 2017 11:22 pm
Forum: Personal Finance (Not Investing)
Topic: Chromebook with the feel of a MacBook? Personal Finance Software?
Replies: 4
Views: 1403

Re: Chromebook with the feel of a MacBook? Personal Finance Software?

#2 - Is there a Chromebook Quicken or iBank/BankActivity equivalent? I'm sorely missing my personal ledger :( You'll have to find something web based, like mint, personal capital, nYNAB, etc. Intuit owns mint, I believe. A few years ago they made a "Quicken online" version which was a mint re-skin....
by camillus
Sat Feb 18, 2017 10:11 pm
Forum: Investing - Help with Personal Investments
Topic: Beginner opening Roth IRA for first time - Double up for 2016/2017 on VSMGX ($11,000)
Replies: 7
Views: 767

Re: Beginner opening Roth IRA for first time - Double up for 2016/2017 on VSMGX ($11,000)

Hi gunlob, great job! One subject that I am studying currently is the relation of taxes and investing. I am finding that the standard advice (401k to match, max Roths, max 401k) is too simplistic and oversells the Roth IRA. In order for the Roth IRA to make sense, you have to be quite sure that you'...
by camillus
Sat Feb 18, 2017 1:13 am
Forum: Investing - Help with Personal Investments
Topic: Over-saving in tax deferred while in 15% br
Replies: 6
Views: 937

Re: Over-saving in tax deferred while in 15% br

Thanks, Peter. It looks like that's what I'll have to do. I'm just going to leave this info here for myself, all in today's dollars: Top of 15% tax bracket in 2016 is $75,300 taxable income MFJ + $12,600 MFJ standard deduction + personal exemptions of $8100 ($4050*2) The top of the 15% tax bracket i...
by camillus
Sat Feb 18, 2017 12:06 am
Forum: Investing - Help with Personal Investments
Topic: Over-saving in tax deferred while in 15% br
Replies: 6
Views: 937

Over-saving in tax deferred while in 15% br

Hi all, thanks in advance for your help. There's nothing pressing to this as I just completed my debt snowball and have minimal retirement account balances, but I wanted to put this question to you: When should I invest outside of tax deferred vehicles, such as Roth and taxable? Some background: my ...
by camillus
Fri Feb 17, 2017 4:51 pm
Forum: Investing - Help with Personal Investments
Topic: New to investing (25 yr/old). Diverse Vanguard Portfolio? Overlaps I am missing?
Replies: 60
Views: 5200

Re: New to investing (25 yr/old). Diverse Vanguard Portfolio? Overlaps I am missing?

A maxed 401(k) would save you $4500 in taxes. It's like retirement savings at 25% off!

The deferred vs Roth debate has some complexity, but deferred is almost always better, with rare exception, especially in the 25% bracket.

100% deferred. Talk to your HR guy about a 401(k).
by camillus
Fri Feb 17, 2017 3:45 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Decision - Trad vs Roth
Replies: 44
Views: 2187

Re: 401k Decision - Trad vs Roth

Your scenarios start off with different amounts of money. Your original sum in scenario B was never taxed and it should have been. S2) You have $100k of gross, pre-tax income and want to invest in a Roth 401k. First step is pay the tax man $25,000. Account grows to $150k, which can be withdrawn tax ...
by camillus
Fri Feb 17, 2017 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: New to investing (25 yr/old). Diverse Vanguard Portfolio? Overlaps I am missing?
Replies: 60
Views: 5200

Re: New to investing (25 yr/old). Diverse Vanguard Portfolio? Overlaps I am missing?

Has anyone asked about OP's tax situation? MotoTrojan, if you are in the 25% tax bracket you are paying at least $1100 in taxes for the privilege of maxing out your Roth IRA. What's the status of your tax deferred accounts? Edit: I checked and there's no discussion about of any tax-deferred account....
by camillus
Fri Feb 17, 2017 1:10 pm
Forum: Investing - Help with Personal Investments
Topic: 529 Asset Allocation - is this valid thinking?
Replies: 54
Views: 4215

Re: 529 Asset Allocation - is this valid thinking?

The problem with glide paths for 529 plans is that they are very steep, making the equity performance of the first few years critically important. Meanwhile, the SP and valuations are at an all time high... I think the better play is thinking of the 529 as part of your total portfolio, which in real...
by camillus
Thu Feb 16, 2017 10:43 pm
Forum: Investing - Help with Personal Investments
Topic: Advice Please - Am I Doing This Right or Do I Need an Advisor Like All My Friends?
Replies: 20
Views: 2982

Re: Advice Please - Am I Doing This Right or Do I Need an Advisor Like All My Friends?

"administrative fees" Yes, this is where to start. Once you find out about this post back and putting together a simple, advisor-killing portfolio will be easy. I have heard that the real value of an advisor is in preventing you from doing the "one big stupid mistake" - mainly selling at a low and ...
by camillus
Wed Feb 15, 2017 10:20 pm
Forum: Investing - Help with Personal Investments
Topic: What is it best to do with cash sitting around in a savings account?
Replies: 13
Views: 2888

Re: What is it best to do with cash sitting around in a savings account?

ibonds, tips? Maybe the best place to invest this money is to increase your spending :-) Gift all your relatives $10k? Give to charity? Congratulations on winning the game. Investing in your physical health is the best thing you can do right now so that you can enjoy a long retirement. Edit: I write...
by camillus
Wed Feb 15, 2017 10:12 pm
Forum: Investing - Help with Personal Investments
Topic: 28 Year Old Newbie Seeking Boglehead Wisdom
Replies: 12
Views: 1590

Re: 28 Year Old Newbie Seeking Boglehead Wisdom

Well for a newbie, you sure are doing fantastic. I just want to remark that your portfolio has a mix of passively managed index funds and some actively managed ones. Your actively managed funds have been doing very well. Do you have rationale for holding active funds? I believe the ratio of SP500 fu...
by camillus
Wed Feb 15, 2017 10:02 pm
Forum: Investing - Help with Personal Investments
Topic: Advice Please - Am I Doing This Right or Do I Need an Advisor Like All My Friends?
Replies: 20
Views: 2982

Re: Advice Please - Am I Doing This Right or Do I Need an Adviser Like All My Friends?

1) Just some suggested fine tuning. You can drop the two target date funds, the one in your 401k has high unnecessary fees. You could construct a simple portfolio across all of your retirement accounts with a weighted expense ratio <.10%, holding just a few funds. I see morgan has already beat me to...
by camillus
Wed Feb 15, 2017 9:50 pm
Forum: Investing - Help with Personal Investments
Topic: Investing Small
Replies: 14
Views: 1739

Re: Investing Small

ny_rn wrote:Short answer. Start a Roth IRA
+1 8-)
by camillus
Wed Feb 15, 2017 7:35 pm
Forum: Investing - Theory, News & General
Topic: Just started a Roth IRA w/ Vanguard
Replies: 10
Views: 2699

Re: Just started a Roth IRA w/ Vanguard

Welcome from reddit. Reddit financial advice tends to be real bad. Your funds look fine to me. You could reduce the number of funds if you want for simplicity. Optimizing your portfolio to tilt any which way or to reduce your expense ratio lower than a target dated fund only nets you maybe $20 a yea...
by camillus
Wed Feb 15, 2017 7:23 pm
Forum: Investing - Theory, News & General
Topic: An Effective DC Plan: The Flex MMM Model
Replies: 19
Views: 2664

Re: An Effective DC Plan: The Flex MMM Model

I came here for Mr. Money Mustache and left confused.
by camillus
Wed Feb 15, 2017 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Credit cards vs. Cash
Replies: 123
Views: 9766

Re: Credit cards vs. Cash

Look. Let's make this concrete. Let's say that boglehead A has a $400 grocery cash envelope. That boglehead will always spend less money in the grocery store than boglehead B, who has a $400 mint.com grocery budget category. This is not rocket surgery. If you are comparing boglehead to boglehead, th...
by camillus
Wed Feb 15, 2017 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: charitable giving & transaction fees/costs
Replies: 4
Views: 470

charitable giving & transaction fees/costs

Hi all, Consulting you wise & generous folks. I do a small bit of charitable giving and wonder about how the transactional costs affect my donations. For most of my spending, I use a credit card in order to meet spending requirements for different signup bonuses. I would rather not do my charitable ...
by camillus
Tue Feb 14, 2017 7:20 pm
Forum: Investing - Help with Personal Investments
Topic: HSA Questions - Qualification
Replies: 4
Views: 439

Re: HSA Questions - Qualification

Do you have a high deductible health insurance option at work? Most employers offer something like this. If your insurance person was a benefits person at your company, they would have told you this - so maybe not.
by camillus
Tue Feb 14, 2017 3:12 pm
Forum: Investing - Help with Personal Investments
Topic: HealthEquity (HSA provider) moves fund offerings to vanguard
Replies: 1
Views: 522

HealthEquity (HSA provider) moves fund offerings to vanguard

Hi all, There's a previous thread about this here: https://www.bogleheads.org/forum/viewtopic.php?t=181788 I just wanted to provide a link to the fund offerings of Health Equity here: http://www.healthequity.com/investmentchanges/compare / It seems that HealthEquity is moving their fund offerings to...
by camillus
Tue Feb 14, 2017 3:00 pm
Forum: Investing - Help with Personal Investments
Topic: Clergy Retirement Investing: 403(b) vs. Roth IRA
Replies: 20
Views: 4260

Re: Clergy Retirement Investing: 403(b) vs. Roth IRA

403b distributions Hi flyingbison, I am in the 15% tax bracket currently, and pay state income tax of maybe 4%. I think that the Roth vs deferred is a wash in the 15% bracket. I'm not as gung-ho Roth as some people around here. I still have to generate enough retirement income to get into the 15% b...