Search found 281 matches

by camillus
Mon May 23, 2016 1:18 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for a soon-to-be MLB draftee
Replies: 68
Views: 11355

Re: Advice for a soon-to-be MLB draftee

I have a loose family connection to one of the players on the Redskins. Here's an interesting article on the frugality of some of the players on his team: http://www.wsj.com/articles/why-the-redskins-players-are-so-frugal-1452014607 I agree with others, the most important issue at the beginning of h...
by camillus
Sat May 21, 2016 7:40 pm
Forum: Investing - Theory, News & General
Topic: Is there a such thing as a blue collar Boglehead?
Replies: 251
Views: 36319

Re: Is there a such thing as a blue collar Boglehead?

Pink collar here? I wear a nametag on my work uniform, clean up smelly messes, perform menial and repetitive skilled tasks. Paid by the hour. I also have a 4-year college degree.
by camillus
Sun Apr 24, 2016 5:50 pm
Forum: Investing - Help with Personal Investments
Topic: Down payment or paydown student loan?
Replies: 4
Views: 488

Re: Down payment or paydown student loan?

Today, mortgage rates for a 15 yr fixed loan with 20% down are less than 3%.

Has this ever happened before?
by camillus
Tue Apr 05, 2016 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Auto insurance in Michigan
Replies: 4
Views: 432

Re: Auto insurance in Michigan

Also have AAA. Still crazy expensive.
by camillus
Tue Aug 04, 2015 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: the math of paying off debt vs investing
Replies: 15
Views: 2907

Re: the math of paying off debt vs investing

The reason I am paying my debt down rather than investing is that my savings rate (extra payment) is also variable. I have found that it is much higher when I am dedicated to aggressively paying down debt. This savings rate has more influence on my future net worth than rate of return.
by camillus
Sat Jun 27, 2015 12:17 am
Forum: Personal Finance (Not Investing)
Topic: Personal accounting software
Replies: 23
Views: 4066

Re: Personal accounting software

MN Finance, You seem like the kind of person who would *REALLY* enjoy YNAB. I say this because you mentioned a family budget and that you don't have financial clutter in terms of lots of accounts. You could reconcile your one bank account with YNAB easily. One of the main advantages of YNAB over Qui...
by camillus
Sun Apr 19, 2015 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: Clergy 403b limit with housing allowance
Replies: 12
Views: 1563

Re: Clergy 403b limit with housing allowance

There are a few stipulations to follow. For example, there needs to be a church board or similar authoritative committee that declares in writing that distributions from the tax-deferred account or pension are housing allowance. This and other things are outlined in IRS publications. If done right, ...
by camillus
Sat Apr 18, 2015 11:57 pm
Forum: Personal Finance (Not Investing)
Topic: Payoff Mortgage or Fund Taxable Account
Replies: 16
Views: 2759

Re: Payoff Mortgage or Fund Taxable Account

50/50 split between taxable/cash equivalents and 529. Paying off the mortgage now would be the last thing I would do. Paying off "sweetheart loans" costs a lot of flexibility. Hopefully by 2019 you will have enough saved to easily refinance, should rates still be low, or else get a head start paying...
by camillus
Sat Apr 18, 2015 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: Clergy 403b limit with housing allowance
Replies: 12
Views: 1563

Re: Clergy 403b limit with housing allowance

It wasn't mentioned explicitly, but I thought I'd make a point. There's a good argument for clergy to max their 403b before Roth, even when in lower tax brackets. The reason is that 403b distributions in retirement can be designated as housing allowance. Tax deferred becomes never taxed. So, HSA > 4...
by camillus
Mon Apr 13, 2015 2:52 am
Forum: Investing - Help with Personal Investments
Topic: Should I be doing something differently?
Replies: 14
Views: 1850

Re: Should I be doing something differently?

Thinking more, the best use of the 100k is probably in improving your income earning potential over your career. Perhaps a high value grad school degree? I also agree with the above that a fund like Wellesley is probably a poor choice for a taxable investment account. For what it's worth, I have a 4...
by camillus
Sun Apr 12, 2015 9:09 pm
Forum: Investing - Help with Personal Investments
Topic: Should I be doing something differently?
Replies: 14
Views: 1850

Re: Should I be doing something differently?

Hi throwaway, With that sum, I can't shake the thought that you are missing out on the benefits of compounding interest of some exposure to stocks. My advice would be to familiarize yourself with mutual fund investing, and particularly the idea of asset allocation. You can have a mix of stocks, bond...
by camillus
Sat Apr 11, 2015 11:44 pm
Forum: Investing - Help with Personal Investments
Topic: Optum Bank HSA using Admiral shares on Vanguard funds
Replies: 32
Views: 10659

Re: Optum Bank HSA using Admiral shares on Vanguard funds

Would anyone consider leaving HSA Bank or HSA Adminstrators for Optum?
by camillus
Sun Apr 05, 2015 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: HSA - Baby Onboard/Can I Switch?
Replies: 7
Views: 1360

Re: HSA - Baby Onboard/Can I Switch?

FYI. My employer in addition to offering health insurance also offered some tagalong policies, one of which was a hospital indemnity plan offered by Aetna. I had to pay a monthly premium but in exchange I was paid $2000 for my wife's three day hospitalization. I was able to cancel the policy immedia...
by camillus
Thu Apr 02, 2015 5:53 am
Forum: Investing - Help with Personal Investments
Topic: Where to put money needed for downpayment in 1 year
Replies: 10
Views: 1825

Re: Where to put money needed for downpayment in 1 year

Perhaps an online savings account at a place like Ally Bank. Or, a bank account you already have.
by camillus
Sat Nov 22, 2014 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: HSA vs 401K
Replies: 22
Views: 7091

Re: HSA vs 401K

3) Tax-free going out (as long as used for medical)

--> After age 65, funds can be withdrawn penalty free, receiving the same tax treatment as a 401k or traditional IRA. So an HSA is never worse than a 401k.
by camillus
Sat Oct 25, 2014 12:43 am
Forum: Personal Finance (Not Investing)
Topic: $50,000 in Private Loans for Nursing Degree
Replies: 34
Views: 6026

Re: $50,000 in Private Loans for Nursing Degree

My A-BSN was 15 months and cost 16k
by camillus
Tue Sep 09, 2014 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Bond Funds and Interest Rates Question
Replies: 17
Views: 1752

Re: Bond Funds and Interest Rates Question

Thank you both! I'll see what options are available to me. This is inside of a Roth.
by camillus
Tue Sep 09, 2014 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Bond Funds and Interest Rates Question
Replies: 17
Views: 1752

Re: Bond Funds and Interest Rates Question

Basic question: Is it ok for an investor to hold short term bonds for a 1-3 year time horizon goal now that the drawdown of QE is a real possibility? Is my principal at risk?
by camillus
Mon Sep 08, 2014 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: How much life insurance do I need?
Replies: 22
Views: 2706

Re: How much life insurance do I need?

First of all, I want to thank you all for your advice and differing perspectives. I want to let you know where I came out. My wife and I are both going to have 800k 30-year policies. Maybe I'll have to fine tune that to get 900k for her and 700k for me. We came down more along the lines of using lif...
by camillus
Wed Sep 03, 2014 11:39 am
Forum: Personal Finance (Not Investing)
Topic: How much life insurance do I need?
Replies: 22
Views: 2706

How much life insurance do I need?

Hi all, My wife and I each have 20-yr term policies for 300k. I'm 31yo and she's 30. We recently had a son, age 0. My wife makes about 70k/yr and I make 50k. Other than student loans, which will be forgiven upon death, we have a 15k car note. We rent. We plan on having more children. (My son has a $...
by camillus
Tue Sep 02, 2014 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Did you reveal to your kids...your savings and salary
Replies: 75
Views: 9006

Re: Did you reveal to your kids...your savings and salary

I write up a monthly report for my wife including changes in net worth as well as notable income & expenses. We split responsibility for various financial chores (bills, keeping an eye on bank accounts, my wife lets me indulge in various schemes). I feel like this is important. Neither of us wants t...
by camillus
Sun Aug 31, 2014 9:45 pm
Forum: Investing - Help with Personal Investments
Topic: Property or stock?
Replies: 24
Views: 3145

Re: Property or stock?

Congrats on the Postdoc. :beer It sounds like your time horizon in any case is 3 years, after which you will have a much better idea of what life will hold - hopefully. I wouldn't want you to put yourself in a position now that will compromise your ability to make the best decision later . In my min...
by camillus
Sun Aug 31, 2014 7:26 pm
Forum: Investing - Help with Personal Investments
Topic: Property or stock?
Replies: 24
Views: 3145

Re: Property or stock?

Hi Zorph, At 30 years old, you are still in a stage in life where you could have the highest rate of return if you invest in your own "human capital." Are there any degrees or certificates you could obtain that would increase your wage and general wellbeing? My concern with real estate is that it co...
by camillus
Sat Aug 30, 2014 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: HSA pre-tax contribution rules
Replies: 19
Views: 2583

Re: HSA pre-tax contribution rules

Yes, the answer is to call your payroll department . I've contacted my payroll department several times this year to adjust my HSA contributions via payroll. What I had to do was download a form, sign it, and fax it in. Then I get email confirmation that the change was made. They may not be able to ...
by camillus
Sat Aug 23, 2014 6:26 pm
Forum: Investing - Help with Personal Investments
Topic: I need "Ultra High Net Worth" investing advice please
Replies: 235
Views: 34165

Re: I need "Ultra High Net Worth" investing advice please

http://www.cnbc.com/id/101938027 "[Vanguard's] low-risk approach has gotten the imprimatur of none other than legendary investor Warren Buffett, who gave the firm his imprimatur a few months back. In his annual letter to shareholders, he advised them to follow the directions in his will, which mand...
by camillus
Fri Aug 22, 2014 2:50 pm
Forum: Investing - Help with Personal Investments
Topic: 3% Max Checking…instead of bonds?
Replies: 14
Views: 1920

Re: 3% Max Checking…instead of bonds?

If you happen to be married, you might be able to have two joint checking accounts, with the spouses being primaries in respective accounts. That's 30k at 3%, garaunteed return, FDIC insured, 100% liquid.
by camillus
Thu Aug 21, 2014 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Need another bank besides Capital One
Replies: 24
Views: 3434

Re: Need another bank besides Capital One

I'd give a nod to LMCU for their Max Reward Checking account. We have two, which means 3% on 30k. There are some requirements to get the higher interest. I have debit cards for both accounts which I alternate for lunches at work. We both have a direct deposit paycheck. I'm not sure about ACH speed.
by camillus
Tue Feb 25, 2014 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Help set priorities for young family
Replies: 4
Views: 579

Help set priorities for young family

Hi all, Here's a past post of mine: http://www.bogleheads.org/forum/viewtopic.php?f=2&t=111957&hilit=camillus In any case, my wife and I are about to move out of state. I currently work as an RN and she is taking a position on a college faculty. We are also expecting a child due March 29 (coming up!...
by camillus
Sun Mar 10, 2013 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Nursing as a career: Bogleheads' perspective?
Replies: 34
Views: 4732

Re: Nursing as a career: Bogleheads' perspective?

Hi All, I wanted to thank everyone for your contributions. I'm sorry I wasn't able to sit down and respond to this (though I read when able) until now! Right now I'm doing clinicals with critical care, OB, and community health - recently had an ECG rhythm identification exam. I currently also work a...
by camillus
Thu Feb 28, 2013 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: Nursing as a career: Bogleheads' perspective?
Replies: 34
Views: 4732

Nursing as a career: Bogleheads' perspective?

Hi all. First post here. I was initially drawn to the diehards because of the investment philosophy, have monitored the boards for a few years on-and-off, and wanted to float this out there. I'm particularly interested in the p.o.v. of this board because of the number of physicians and the strategic...