Search found 466 matches

by camillus
Sun Sep 02, 2018 1:56 am
Forum: Investing - Help with Personal Investments
Topic: rollover TIAA SRA to Roth IRA - which institution and funds?
Replies: 6
Views: 508

Re: rollover TIAA SRA to Roth IRA - which institution and funds?

Pardon me - quick question related to this thread.

My DW has a 403b at TIAA. Does TIAA generally allow rolling the SRA elsewhere prior to end of employment?

Thanks!

Edit - I think I have found my answer: you have to be over 59 1/2.
by camillus
Sat Sep 01, 2018 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: $200 cash bonus offer from Citi
Replies: 57
Views: 5051

Re: $200 cash bonus offer from Citi

rashad3000 wrote:
Sat Sep 01, 2018 9:14 pm
camillus wrote:
Sat Sep 01, 2018 7:41 pm
Perhaps the better thing to do is to make yourself better at what you do for a living.
Did that. Promotion and $10,000 raise this summer.
8-) 8-) 8-) +1 congrats

Then how about instead of worrying about a measly $200, you take someone special out for a $200 dinner?
by camillus
Sat Sep 01, 2018 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: $200 cash bonus offer from Citi
Replies: 57
Views: 5051

Re: $200 cash bonus offer from Citi

I think if you take into account the actual amount of mental overhead that you will expend in order to collect these bank account bonuses, you would think twice. I have done this in the past and have found that a lot of my limited mental energy is spent: 1) Sending secure messages 2) verifying depos...
by camillus
Fri Aug 31, 2018 5:24 am
Forum: Investing - Help with Personal Investments
Topic: I want to pry my friend away from Edward Jones
Replies: 71
Views: 7590

Re: I want to pry my friend away from Edward Jones

I'd also recommend caution. I've been in this situation, and it's hard for things to go well without things getting weird. (I have yet to convince someone to do something the "right" way, ie my way. Well - perhaps in one case.) You have to remember that the information is out there. If your friend w...
by camillus
Fri Aug 31, 2018 5:12 am
Forum: Investing - Help with Personal Investments
Topic: Pay off student loan with ROTH contributions
Replies: 16
Views: 1139

Re: Pay off student loan with ROTH contributions

These two strategies aren't actually that different. If you pay off the loan now, you take money out of your retirement accounts. If you pay off the loan aggressively in the next few years, you do this instead of putting money into your retirement accounts. I suppose this is true. The worst of poss...
by camillus
Thu Aug 30, 2018 6:44 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on investments
Replies: 8
Views: 707

Re: Advice on investments

Taxable at Fidelity -- $1.4K -- 14% 14% ( FSKAX ) Fidelity Total Market Index Fund (0.015%) 401k at Fidelity -- $3.1K -- 31% 21% ( VTIAX ) Vanguard Total International Stock Index Fund Admiral Shares (0.11%) 10% ( VBTLX ) Vanguard Total Bond Market Index Fund Admiral Shares (0.05%) Roth IRA at Fide...
by camillus
Thu Aug 30, 2018 4:17 pm
Forum: Investing - Help with Personal Investments
Topic: Pay off student loan with ROTH contributions
Replies: 16
Views: 1139

Re: Pay off student loan with ROTH contributions

I am very anti-debt, but I would not do this. Instead, I would buckle down and pay that off as quick as I could, while capturing the 401k match.
by camillus
Thu Aug 30, 2018 2:50 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with cash/emergency fund
Replies: 36
Views: 3456

Re: What to do with cash/emergency fund

We are playing the game of high interest checking accounts. With Consumers Credit union, it's 4.59% on up to $20,000, but there are things you will need to do. If you don't have a problem meeting those requirements, then I would recommend it (https://www.myconsumers.org/personal/checking) Another o...
by camillus
Thu Aug 30, 2018 9:00 am
Forum: Personal Consumer Issues
Topic: Car Depreciation Curve, Lifespan, Repairs, & Sweet Spot of Ownership
Replies: 35
Views: 3251

Re: Car Depreciation Curve, Lifespan, Repairs, & Sweet Spot of Ownership

I think it's good to honestly recognize that the reasons for getting out of a car are usually totally irrational and compulsive. It all boils down to getting bored with the car and wanting a new one. Usually it is claimed that the car: 1) No longer fits the family needs - needing a 3rd row, for a fa...
by camillus
Wed Aug 29, 2018 3:47 pm
Forum: Personal Consumer Issues
Topic: Chipotle question
Replies: 73
Views: 4369

Re: Chipotle question

This is my order at qdoba. Maybe you can do something similar at chipotle.

Kids' mini burrito bowl, instead of chips a tortilla on the side. When I sit down I wrap my own 3/4 size burrito for 3-4 less dollars. 8-)
by camillus
Wed Aug 29, 2018 1:23 pm
Forum: Investing - Help with Personal Investments
Topic: Suggestions for new automatic investment?
Replies: 5
Views: 449

Re: Suggestions for new automatic investment?

Hi stuntmanmike, Would this new contribution also be aimed for retirement or otherwise long-range? If so, why wouldn't you simply add to your current asset allocation - not focusing on merely bonds. Assuming your 401k is maxed out. Here's what you can do: 1) Add your extra contributions to your taxa...
by camillus
Wed Aug 29, 2018 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Need Help Investing My Sons Settlement Money
Replies: 6
Views: 1049

Re: Need Help Investing My Sons Settlement Money

I was wondering if anyone was ever in a similar situation and can give us advice on how the do's and don't. I'm afraid I don't have any advice relating to probate. Also, I'm very glad your son is ok. One type of account to look into is a 529 plan, which is dedicated to financing college. It's stran...
by camillus
Wed Aug 29, 2018 10:19 am
Forum: Investing - Help with Personal Investments
Topic: HSA - Vanguard Investments; Low Cost
Replies: 16
Views: 1017

Re: HSA - Vanguard Investments; Low Cost

Cheapest: Lively Click on this link for TD Ameritrade's commission free ETFs and rank them in ascending order of expense ratio: https://research.tdameritrade.com/grid/public/etfs/commissionfree/commissionfree.asp You will find a small basket of sub 10 bp index ETFs ready to play, from the SPDR famil...
by camillus
Wed Aug 29, 2018 9:29 am
Forum: Personal Consumer Issues
Topic: How do you save money on groceries?
Replies: 155
Views: 9638

Re: How do you save money on groceries?

One word: ALDI
by camillus
Wed Aug 29, 2018 7:57 am
Forum: Investing - Help with Personal Investments
Topic: Need help with my retirement portfolio
Replies: 9
Views: 1253

Re: Need help with my retirement portfolio

I didn't realize I was speaking with an Irishman. A Guinness for you :sharebeer I should tell you that I know very little about investing as a resident alien. Other, smarter people would be better able to serve you. Welcome & thank you for being in the US by the way. I'm hesitant to invest in BND th...
by camillus
Wed Aug 29, 2018 7:32 am
Forum: Investing - Theory, News & General
Topic: Done saving for retirement according to firecalc?
Replies: 51
Views: 4813

Re: Done saving for retirement according to firecalc?

A few philosophical issues:

1) What degree of certainty is required to retire to a life of wealth?

2) How much is your time worth to yourself?

3) Re "coasting." What meaning will your retired life add to the world?
by camillus
Tue Aug 28, 2018 6:34 pm
Forum: Investing - Help with Personal Investments
Topic: target date retirement funds or 3 fund portfolio
Replies: 12
Views: 1168

Re: target date retirement funds or 3 fund portfolio

I am 35 and in accumulation phase. We currently have two 403bs HSA two Roth IRAs two 529s Within the last year or two I moved out of target date funds for a few reasons: 1) trying to optimize overall expenses by placing this here and that there, wherever the offering is the best 2) moving into admir...
by camillus
Tue Aug 28, 2018 6:11 pm
Forum: Personal Consumer Issues
Topic: Minivan for family of 4.
Replies: 34
Views: 2871

Re: Minivan for family of 4.

I would do a true cost to own comparison of an electric/hybrid sedan (especially a hatch) and the pacifica. That's a lot of miles & wear to put on a car! Exactly how often would you have the grandparents? I drive a (10 yr old) Odyssey, family of 4. But I can get to the other side of town in 15 minut...
by camillus
Tue Aug 28, 2018 5:35 pm
Forum: Investing - Help with Personal Investments
Topic: thinking of paying off mortgage pls help
Replies: 51
Views: 2798

Re: thinking of paying off mortgage pls help

KlangFool wrote:
Tue Aug 28, 2018 1:18 pm
My condolence. I lost my father while I was 12 years old. My father was 49 years old. My mother raised 6 children on her own.

KlangFool
KlangFool, I did not realize this was part of your story. This might be part of why you offer such a good perspective around here.
by camillus
Tue Aug 28, 2018 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: Re: Need advise with the investment Plan
Replies: 8
Views: 773

Re: Need advise with the investment Plan

Agree with camillus above, a Traditional IRA may be right for you if you are within deductibility limits and you see your tax bracket dropping in retirement. travellingrants, you can have both a Traditional and a Roth IRA - even with the same brokerage. You just have to meet certain requirements fo...
by camillus
Tue Aug 28, 2018 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Smarter personal finance software?
Replies: 14
Views: 1393

Re: Smarter personal finance software?

Sorry if YNAB is hijacking this thread.

I switched to the new YNAB from YNAB4 because the YNAB4 app was crashing my phone. I still prefer YNAB4, but have learned to love the new YNAB. One feature I really miss from YNAB4 was seeing several months side by side. That they eliminated that blew my mind!
by camillus
Tue Aug 28, 2018 1:03 pm
Forum: Investing - Help with Personal Investments
Topic: Retired Cop/Wannabe Boglehead Needs a Bit of Help
Replies: 16
Views: 1639

Re: Retired Cop/Wannabe Boglehead Needs a Bit of Help

1. Should I get out of my managed account? I was thinking 50% FSTMX, 20% FSIIX, 30% FTBFX for my IRA. Would the same split be ideal for the smaller accounts? Yes! Although you might want to see if there are cheaper funds available. 2. I’d like to get more out of that money in the savings account. W...
by camillus
Tue Aug 28, 2018 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: thinking of paying off mortgage pls help
Replies: 51
Views: 2798

Re: thinking of paying off mortgage pls help

1) Between keeping the house versus funding your kids through college, what would you choose? <<I am planning to go back to school in a comm college next year to further improve my income earning potential. >> 2) How are you going to pay for your own college? 3) If you need to take a student loan, ...
by camillus
Tue Aug 28, 2018 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: thinking of paying off mortgage pls help
Replies: 51
Views: 2798

Re: thinking of paying off mortgage pls help

First of all - sorry for your loss. You are doing very well. I think paying off the mortgage would be a good thing to do. It would get rid of some uncertainty and you would "lock In" a good rate without having to worry about refinancing, etc. Withdrawing from your taxable account while you go back t...
by camillus
Tue Aug 28, 2018 12:23 pm
Forum: Personal Consumer Issues
Topic: Body language coach?
Replies: 26
Views: 2876

Re: Body language coach?

Just a thought: https://www.toastmasters.org/Find-a-Club/00000144-pittsburgh-club Another thought is to just practice. Make conversation with everyone all the time - at the bank, grocery store, your neighbors, etc. I think you will find that you are getting better at it. You'll eventually come up wi...
by camillus
Tue Aug 28, 2018 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Smarter personal finance software?
Replies: 14
Views: 1393

Re: Smarter personal finance software?

Is savings rate an integral part of the YNAB experience? Does YNAB calculate your savings rate for you? The only measure I could find on their website is the "age of money". "Age of money" is a feature that isn't all that popular or meaningful for most YNABers. The thing about YNAB is that it's a z...
by camillus
Tue Aug 28, 2018 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Smarter personal finance software?
Replies: 14
Views: 1393

Re: Smarter personal finance software?

YNAB strikes me as somewhat infantile in it's offerings. Ouch! In response I'd say that savings rate is the single most important factor in personal finance. YNAB focuses on this factor much better than another other personal finance software. Excel A spreadsheet is the way to go for the questions ...
by camillus
Tue Aug 28, 2018 8:23 am
Forum: Investing - Help with Personal Investments
Topic: Re: Need advise with the investment Plan
Replies: 8
Views: 773

Re: Need advise with the investment Plan

Some examples of a tax deferred account would be a 401(k) or a Traditional IRA. There are a few other questions and issues: 1) Your investing horizon puts you at age 47-52; whereas if you withdrew from an IRA you would be subject to a 10% penalty before 59 1/2. 2) What is your goal for this money at...
by camillus
Tue Aug 28, 2018 8:00 am
Forum: Personal Finance (Not Investing)
Topic: How to Pass on Money Against My Sister's Wishes (Ethics and Finance)
Replies: 74
Views: 7420

Re: How to Pass on Money Against My Sister's Wishes (Ethics and Finance)

OP: As Trustee, being that you are not comfortable with the scheme of the trust instruction, I would resign as trustee. At that point I would expect your sister to have no choice but to accept distribution of the funds and you wash your hands of the situation. If she wishes to distribute the funds ...
by camillus
Tue Aug 28, 2018 7:54 am
Forum: Personal Finance (Not Investing)
Topic: How to Pass on Money Against My Sister's Wishes (Ethics and Finance)
Replies: 74
Views: 7420

Re: How to Pass on Money Against My Sister's Wishes (Ethics and Finance)

In other conversations she has asked me to distribute it equally among three of her four children; indeed, she gave me written instructions to this effect... One possible solution: Distribute the money equally three ways and gift the fourth child an equal amount from my own funds (we are not talkin...
by camillus
Sun Aug 26, 2018 8:27 pm
Forum: Investing - Help with Personal Investments
Topic: 28 year's old with no retirement savings.
Replies: 31
Views: 3210

Re: 28 year's old with no retirement savings.

Many have said this but just to be clear...Do not put any money into the Roth IRA unless you are putting enough in the 403 b to get the full match. In fact, I would even close the Roth and pull the money out if that was needed to get me closer to the 403b match. +1, This is a golden rule. I had imp...
by camillus
Sun Aug 26, 2018 7:29 pm
Forum: Personal Consumer Issues
Topic: Your Best Mood Boosting Books (not self-help)
Replies: 29
Views: 2341

Re: Your Best Mood Boosting Books (not self-help)

I like science fiction. I like the fantasy element which usually gets me out of my current situation and engages my imagination. A lot of science fiction is about a main character or a team overcoming an obstacle.

Examples: Ender's Game, the Martian, the Dune series (though that is quite heavy).
by camillus
Sun Aug 26, 2018 7:26 pm
Forum: Personal Consumer Issues
Topic: What to put in a care package for college student
Replies: 44
Views: 2663

Re: What to put in a care package for college student

The best packages I ever got as a kid were my mom's brownies. Sent money & gift cards can buy whatever junk food and entertainment he may want. I suppose you can look around his new locale and see what restaurants & movie theaters there are and buy gift cards for those places. What he can't buy in ...
by camillus
Sun Aug 26, 2018 6:21 pm
Forum: Investing - Help with Personal Investments
Topic: Game Changing Inheritance of Stocks! Now what?
Replies: 75
Views: 6940

Re: Game Changing Inheritance of Stocks! Now what?

Why do people always think they can "get me" with that old saw? Hi Earl, I apologize. I didn't mean to try to "get you." I am trying to rehabilitate myself from trollish behavior I developed on other message boards. You are probably approaching this much more rationally than I am. I suppose my assu...
by camillus
Sun Aug 26, 2018 4:41 pm
Forum: Investing - Help with Personal Investments
Topic: 28 year's old with no retirement savings.
Replies: 31
Views: 3210

Re: 28 year's old with no retirement savings.

Hi dks12, You are actually in a really great spot. You are about to experience an income boost and are realizing you need to save. You can "lock in" a personal, automatic savings rate from the beginning. I too am trying to "catch up" after extended schooling in my 20s (college twice!). I ended up be...
by camillus
Sun Aug 26, 2018 5:49 am
Forum: Investing - Help with Personal Investments
Topic: Need help with my retirement portfolio
Replies: 9
Views: 1253

Re: Need help with my retirement portfolio

1. 9% Schwab U S Large Cap ETF [SCHX]. (Not sure if I shall keep this one, its ER is 0.03% and it's 750 largest companies). 2. 81% Vanguard 500 Index Fund [VOO]. 3. 5% Vanguard Total Stock Market ETF [VTI] (Planning to increase my fraction here, and I understand this is largely SP500). 4. 5% Vangua...
by camillus
Sun Aug 26, 2018 3:22 am
Forum: Personal Consumer Issues
Topic: Driving as a side gig, not Uber/Lyft/taxi, in my spare time
Replies: 18
Views: 1506

Re: Driving as a side gig, not Uber/Lyft/taxi, in my spare time

Uber has a side offering, Uber Black, that is worth looking at: https://www.uber.com/ride/uberblack/ You would have to buy/lease a luxury car and probably get less ride requests than a standard Uber driver, so it's probably a no-go. Once you've bought/leased your luxury car, you could also loan it o...
by camillus
Sun Aug 26, 2018 3:02 am
Forum: Investing - Help with Personal Investments
Topic: Game Changing Inheritance of Stocks! Now what?
Replies: 75
Views: 6940

Re: Game Changing Inheritance of Stocks! Now what?

We do not plan on quitting our jobs because we enjoy working in schools... my strengths are working with kids with disabilities Thank you very much for what you do. I hope that this windfall can make your work even more enjoyable. We are going to move towards more diversification and reaping as muc...
by camillus
Sun Aug 26, 2018 2:33 am
Forum: Personal Finance (Not Investing)
Topic: Varying college costs across kids in the same family
Replies: 92
Views: 5109

Re: Varying college costs across kids in the same family

villars wrote:
Sun Aug 26, 2018 12:46 am
Not fair to the other siblings but you have to do what is necessary to help all your kids as best as you can.
+1

You have to trust parental discretion. I try not to question my parents with how they deal with money between me and my siblings. This is a lesson I am learning now in my mid thirties.
by camillus
Sun Aug 26, 2018 1:45 am
Forum: Investing - Help with Personal Investments
Topic: Re: Need advise with the investment Plan
Replies: 8
Views: 773

Re: Need advise with the investment Plan

Have you thought about a Traditional IRA?

There's a few things missing from your post that would make your feedback more valuable:
1) What is your current federal marginal tax rate?
2) If you have any investments, their mix relative to each other (ie, deferred to Roth space)
by camillus
Sun Aug 26, 2018 12:21 am
Forum: Investing - Help with Personal Investments
Topic: Rebalancing 2018
Replies: 16
Views: 1812

Re: Rebalancing 2018

Rebalancing into your current bond fund would be "buying at a low."

Chasing performance of other funds would be "buying at a high."

Buy low, sell high.
by camillus
Sun Aug 26, 2018 12:03 am
Forum: Investing - Help with Personal Investments
Topic: Game Changing Inheritance of Stocks! Now what?
Replies: 75
Views: 6940

Re: Game Changing Inheritance of Stocks! Now what?

Pay off the mortgage to get a guaranteed 3.75% There's always some guaranteed risk-free investment. No one suggests dumping all the money in them. That low rate is a great hedge against both inflation and increases in rates. If you give it up, it's not likely that it will be available again anytime...
by camillus
Sat Aug 25, 2018 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: What is your stealth way to save monthly?
Replies: 87
Views: 9500

Re: What is your stealth way to save monthly?

Some things I have done: 1) Paid off car but continue to save the payment in a car fund 2) Gotten a deal on cell service and contributed the savings to 529s for kids. When cell service went back up to the normal rate, I never stopped my 529 contributions. 3) Religious school tuition next school for ...
by camillus
Sat Aug 25, 2018 11:28 pm
Forum: Personal Consumer Issues
Topic: WiFi Router - Netgear AC750 or something better?
Replies: 24
Views: 1239

Re: WiFi Router - Netgear AC750 or something better?

pondering wrote:
Sat Aug 25, 2018 10:31 pm
I STRONGLY suggest getting a google wifi
My post will be the third recommendation for google wifi. It is on the expensive side if you get a 3-pack of hubs, but set up is easy, & user interface is fantastic. Connections and speed throughout my house seem to have become more reliable and faster.
by camillus
Sat Aug 25, 2018 9:02 pm
Forum: Investing - Help with Personal Investments
Topic: College Graduate Advice (457 Traditional VS Roth)
Replies: 9
Views: 619

Re: College Graduate Advice (457 Traditional VS Roth)

Deferred & Roth IRA.

The nice thing about this is you fill Deferred & Roth space at about the proper ratio. At retirement, you'll want the bulk of your savings in deferred accounts, as a rule of thumb.
by camillus
Sat Aug 25, 2018 8:38 am
Forum: Investing - Help with Personal Investments
Topic: Game Changing Inheritance of Stocks! Now what?
Replies: 75
Views: 6940

Re: Game Changing Inheritance of Stocks! Now what?

Similar advice to some of the above, some low hanging fruit: 1) Pay off mortgage. Rationale: If your house were already paid off at this point, would you take a mortgage out on it to invest more in the stock market? 2) Your new part-time job is to pay as little tax as possible. That means maxing out...
by camillus
Sat Aug 25, 2018 4:25 am
Forum: Personal Finance (Not Investing)
Topic: Marriage [How should finances be handled?]
Replies: 74
Views: 7668

Re: Marriage [How should finances be handled?]

WanderingDoc wrote:
Sat Aug 25, 2018 2:27 am
If you want to be free (most humans do), having to ask for clearance or permission is a surefire way to fail.
No, a surefire way to fail is me coming home with $$$$ worth of power tools because "there was a big sale."
by camillus
Sat Aug 25, 2018 3:34 am
Forum: Investing - Help with Personal Investments
Topic: Strike One, Strike 2, and Now What? Please Help!
Replies: 67
Views: 6676

Re: How Aggressive is Aggressive: Allocation Question

JustWantToGetItRight wrote:
Sat Aug 25, 2018 1:33 am
I just feel that I have a little catching up to do.
The above is the sentiment I'm not sure about. Anxiety shouldn't push you into higher risk.

I think that you've probably hashed out your risk tolerance pretty well after your meeting, so I'd say go for it. You can always reassess.
by camillus
Sat Aug 25, 2018 3:27 am
Forum: Investing - Help with Personal Investments
Topic: Need help with my retirement portfolio
Replies: 9
Views: 1253

Re: Need help with my retirement portfolio

Hi bubba, I think it would be helpful if you would write out the names of the funds rather than merely having the ticker symbols. You can edit with the "pencil" icon in the top right of your post. I would quickly respond with: 1) Yes, 5 funds is perfectly okay. Some people go down to 3, 2, or even 1...
by camillus
Sat Aug 25, 2018 2:48 am
Forum: Investing - Help with Personal Investments
Topic: How to invest a large sum of money.
Replies: 9
Views: 2146

Re: How to invest a large sum of money.

Should I just invest all of it at once, maxing out my wife and I retirement accounts and then the rest to taxable according to my asset allocation plan or should I hold the money in a high yeild checking/CD/Savings and slowly put it in and make sure my retirement accounts are fully funded for the n...