Search found 180 matches

by Minty
Mon Sep 11, 2017 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Should I do 20 or 25 Year Term Life Insurance?
Replies: 49
Views: 5626

Re: Should I do 20 or 25 Year Term Life Insurance?

One anecdote: In an office of 50 professionals, with some coming and going every year, there were two premature deaths of parents of young children in the last 7 years. Their survivors were glad to have the insurance.
by Minty
Mon Sep 11, 2017 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Paying 4 years tuition for college to get discount?
Replies: 22
Views: 3105

Re: Paying 4 years tuition for college to get discount?

Another possibility is the Independent 529 plan. I understand the way it works is parents pay some or all of the expected costs now, and if a child later goes to any one of the 300 participating private schools, they get proportional credit based on the tuition at the time of contribution. On the ot...
by Minty
Sun Sep 10, 2017 11:48 am
Forum: Investing - Help with Personal Investments
Topic: University of California Retirement Plan Proprietary Funds
Replies: 21
Views: 2832

Re: University of California Retirement Plan Proprietary Funds

Thanks, everyone, for the helpful comments. I feel a tiny bit like I am putting all my eggs in one basket by having UC employment and UC retirement savings. However, I know the the actual assets in the UC 403(b) funds are held by third parties, just like any other 403(b), so it is not like having a ...
by Minty
Sat Sep 09, 2017 1:58 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Mother's Portfolio
Replies: 18
Views: 2060

Re: Help with Mother's Portfolio

My 2 cents is that your thinking is on the right track. I suspect the Wells Fargo products are expensive, so for that reason as well as convenience it would be nice for them to be consolidated into Vanguard. If your mother needs 10K per year, she is set for the next seven years with cash on hand. In...
by Minty
Sat Sep 09, 2017 11:59 am
Forum: Investing - Help with Personal Investments
Topic: Help with Mother's Portfolio
Replies: 18
Views: 2060

Re: Help with Mother's Portfolio

Quick questions: Are there capital gains in the taxable accounts? And what are the costs associated with the new living situation? i.e., is there a buy-in, or is this a month-to-month situation?
by Minty
Sat Sep 09, 2017 11:32 am
Forum: Investing - Help with Personal Investments
Topic: University of California Retirement Plan Proprietary Funds
Replies: 21
Views: 2832

University of California Retirement Plan Proprietary Funds

There have been several useful threads about changes to the University of California Retirement Plan 403(b) and 457 programs in the last couple of years. https://www.bogleheads.org/forum/viewtopic.php?t=166455, https://www.bogleheads.org/forum/viewtopic.php?t=165805, https://www.bogleheads.org/forum...
by Minty
Fri Sep 08, 2017 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Should I do 20 or 25 Year Term Life Insurance?
Replies: 49
Views: 5626

Re: Should I do 20 or 25 Year Term Life Insurance?

My vote is 25, or 30. The way I look at it is, if you want to maximize, don't buy insurance at all. Insurance is a hedge, not a positive expectancy investment. But it may well be a huge problem if 18-year-olds no longer have the support of family income.
by Minty
Thu Sep 07, 2017 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: Guaranteed 7% Real Estate Deal: Pull from Stock Market?
Replies: 36
Views: 4727

Re: Guaranteed 7% Real Estate Deal: Pull from Stock Market?

OP, you use the word "we" a lot in your initial post. If you are a real estate investor doing a deal, negotiating with Fortune 500 companies, you can judge if it makes sense. If you are not, if you are being asked to put some money in someone else's deal, my advice as an internet stranger is "no way...
by Minty
Mon Sep 04, 2017 10:02 pm
Forum: Investing - Help with Personal Investments
Topic: new 401k options
Replies: 7
Views: 729

Re: new 401k options

I know this isn't what you asked, but, having been in a similar boat, we went through the hassle of choosing the cheapest set of available Vanguard, Fidelity and TIAA-CREF funds to achieve our desired asset allocation. On the one hand, it is just five (or however many) basis points. On the other, it...
by Minty
Sun Sep 03, 2017 4:27 pm
Forum: Investing - Help with Personal Investments
Topic: New 401k Help with Options
Replies: 6
Views: 818

Re: New 401k Help with Options

Given the ok-at-best choices in this new 401K, I'd consider not rolling your old 401K into it, and instead rolling the old 401K into a Vanguard/Schwab/Fidelity Rollover IRA with better investment options. As for what you put it in the new 401K, I'd take a look at the Wiki to help you make some decis...
by Minty
Thu Aug 10, 2017 11:22 pm
Forum: Personal Finance (Not Investing)
Topic: Do I really need a trust?
Replies: 62
Views: 10089

Re: Do I really need a trust?

I am a California lawyer, and even though it kills me that I can't get someone to do it for me for free, I just pay for my will and trust. Seen too many car crashes with diy in this area.
by Minty
Mon Aug 07, 2017 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: kids think lazy if retire?
Replies: 70
Views: 9740

Re: kids think lazy if retire?

I agree with the other posters who say you are entitled to do what you want; the kids will be fine. I've often thought of taking a couple of years off. The only consideration I have not seen discussed in this thread is the question of whether you will be able to return to your career if you need or ...
by Minty
Mon Aug 07, 2017 12:31 pm
Forum: Personal Consumer Issues
Topic: Santa Fe New Mexico - recommendations
Replies: 26
Views: 2877

Re: Santa Fe New Mexico - recommendations

Really loved the Coyote Cafe and Cantina for dinner. One of our favorite meals ever.
by Minty
Sun Jul 16, 2017 11:51 pm
Forum: Personal Finance (Not Investing)
Topic: Personal loan to a family member
Replies: 114
Views: 10360

Re: Personal loan to a family member

I worry about anyone who would get into a construction project without a sufficient contingency reserve. I myself would, as others have said, stay out of it, give the money as a gift, or buy the house, be in first position, and rent it to the relative. From the perspective of the relative who borrow...
by Minty
Thu Jul 13, 2017 11:50 pm
Forum: Personal Consumer Issues
Topic: Hotel tipping: how much to leave?
Replies: 72
Views: 5601

Re: Hotel tipping: how much to leave?

2 to 5 per night, related to the cost of the room. I tipped with the dollar coins for a while when the mint would let you buy with credit cards and ship for free. Now I have to try to remember to have plenty of ones.
by Minty
Fri Jul 07, 2017 8:41 pm
Forum: Investing - Help with Personal Investments
Topic: Term Life Insurance - what age to buy?
Replies: 13
Views: 1412

Re: Term Life Insurance - what age to buy?

Mr. Larimore's post makes me think I may be wrong, because he knows a lot. But: 20 some years ago, I was in your position, and I bought term life insurance. I never regretted it, and wish I had purchased more; I failed to account for my income increasing. When I wanted more, I had small health issue...
by Minty
Fri Jun 30, 2017 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Leaving big law for public interest- how to save/allocate 1 year of salary the best way to prep for this
Replies: 10
Views: 1619

Re: Leaving big law for public interest- how to save/allocate 1 year of salary the best way to prep for this

I made that move some years ago. My advice would be to reduce fixed expenses. Paying off debt with a bonus seems smart. On top of that, I would start living now on the salary you expect in 1.5 years. I agree with the suggestion to halt 529 payments. Your marginal tax rate will be low so the tax-free...
by Minty
Sun Jun 18, 2017 2:14 am
Forum: Personal Finance (Not Investing)
Topic: Siblings in disagreement over mom's house.
Replies: 241
Views: 28247

Re: Siblings in disagreement over mom's house.

Just a thought: Could the siblings agree to rent it, as a way of paying for maintenance and insurance, and once it is cash-flowing, funds for a mortgage or division might become available.
by Minty
Wed Jun 14, 2017 10:43 pm
Forum: Personal Finance (Not Investing)
Topic: Buying cost vs renting (specifically for me)... can anyone fact check this?
Replies: 36
Views: 3352

Re: Buying cost vs renting (specifically for me)... can anyone fact check this?

The assumed 5% appreciation is a red flag. Owning a home with a mortgage is a leveraged commitment. "Your equity is at the top and you own it all the way to the bottom." On preview, I agree with SoonerD.
by Minty
Wed Jun 14, 2017 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: Would you take a 25% pay cut for more professional satisfaction?
Replies: 57
Views: 6529

Re: Would you take a 25% pay cut for more professional satisfaction?

In my 20s, took a 70% pay cut for a more desirable job. The new path proved to be sufficiently lucrative. I would not have done it if I couldn't make it on the reduced salary.
by Minty
Sat May 13, 2017 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: recent widow needs help with life insurance payout options
Replies: 44
Views: 4264

Re: recent widow needs help with life insurance payout options

If you are thinking about Option 2, the creditworthiness of the insurance company becomes very important because you are essentially making them an unsecured loan. It might be reasonable if they are very sound. [Edit: Actually, apparently some of these retained assets accounts are covered by state i...
by Minty
Sat May 13, 2017 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: recent widow needs help with life insurance payout options
Replies: 44
Views: 4264

Re: recent widow needs help with life insurance payout options

I am sorry for your loss. Option 3 is the insurance company offering to sell you an annuity in exchange for your insurance proceeds. The question is how you want your portfolio to be invested and, if an annuity fits into your plan, whether this particular insurance company is offering the best rate-...
by Minty
Fri May 05, 2017 8:46 am
Forum: Investing - Help with Personal Investments
Topic: Pension vs 401k
Replies: 33
Views: 3943

Re: Pension vs 401k

One thing to consider is that if you have a vested DBP, it is possible to double-dip by collecting a full salary from new uni and a full retirement from the old place, as a number of my colleagues have done. I've faced the OP's dilemma three times. The first two I elected the DCP and waived the trad...
by Minty
Sun Apr 30, 2017 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Lowest hassle, highest return way to buy real estate in a far-away location for use as a hedge?
Replies: 16
Views: 2585

Re: Lowest hassle, highest return way to buy real estate in a far-away location for use as a hedge?

There's a saying in real estate: "Your equity is on the top, and you own it all the way to the bottom." If you predict real estate will outperform, buy REITs on margin. If you want to be leveraged, you can do that in securities. However, notwithstanding the temptation (which I share) I would not rec...
by Minty
Sun Apr 30, 2017 12:19 pm
Forum: Investing - Theory, News & General
Topic: So what's the theory behind this active vs Passive report
Replies: 15
Views: 1848

Re: So what's the theory behind this active vs Passive report

Before fees, active and passive for the general publically available stock market must give the same result, on average. This is just plain arithmetic. Don't get me wrong, my investments are completely indexed, but does this claim take into account such things as securities lending, leverage, curre...
by Minty
Sun Apr 30, 2017 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: What to ask when refinancing mortgage
Replies: 8
Views: 1021

Re: What to ask when refinancing mortgage

I refinanced last Fall. The original lender gave us a quote for recasting, but they were not competitive with the on-line rates. If you are interested in simply paying the smallest amount of money, check out on-line lenders as well.
by Minty
Sat Apr 15, 2017 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: New home expenses versus a high (overly-high?) savings & investment rate
Replies: 20
Views: 3328

Re: New home expenses versus a high (overly-high?) savings & investment rate

I would be concerned if the soil next to the foundation was continuously wet. That is a problem I would solve before saving for retirement.
by Minty
Sun Apr 09, 2017 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Require Access to School Records?
Replies: 113
Views: 8478

Re: Require Access to School Records?

I am reassured that my child has not flunked out because I keep getting tuition bills, and Ms. Minty and I try to keep in the loop on planned majors etc. We are always available for advice. But the reality is that college kids are adults. They should be responsible for themselves. I think it is bene...
by Minty
Sat Apr 08, 2017 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: How to get out of ACA limbo situation?
Replies: 12
Views: 1705

Re: How to get out of ACA limbo situation?

I'd call my state senator or representative's office. It helped with a different sort of bureaucratic delay.
by Minty
Tue Apr 04, 2017 11:51 pm
Forum: Personal Consumer Issues
Topic: Buying House with Odor (not cigarette)
Replies: 36
Views: 3641

Re: Buying House with Odor (not cigarette)

Mold. Run.
by Minty
Mon Feb 06, 2017 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement offer
Replies: 9
Views: 2634

Re: Early retirement offer

I'd consider negotiating for (at least asking about) Emerita status, continued office space, library access, paid part-time teaching if she wants it. Some uni's prohibit rehire or recall within a certain period.
by Minty
Fri Jan 20, 2017 11:17 pm
Forum: Investing - Help with Personal Investments
Topic: Should we pay off our student loan?
Replies: 44
Views: 4587

Re: Should we pay off our student loan?

Are you putting enough in the 401(k) to get the full match?
by Minty
Tue Jan 17, 2017 12:10 pm
Forum: Investing - Help with Personal Investments
Topic: Just sold my home and looking to invest proceeds
Replies: 17
Views: 1814

Re: Just sold my home and looking to invest proceeds

The interest rate on the ARM is so low that putting $300K in a three fund portfolio would not be crazy--it might well work out fine. But as others have said, you would in effect be borrowing to invest. If it were me though, given the seven year fuse on the mortgage, I would just pay it down.
by Minty
Tue Jan 17, 2017 10:57 am
Forum: Investing - Help with Personal Investments
Topic: Just sold my home and looking to invest proceeds
Replies: 17
Views: 1814

Re: Just sold my home and looking to invest proceeds

OP, how much equity do you have in the home and what is your income? That would make a difference to me.
by Minty
Mon Jan 16, 2017 5:39 pm
Forum: Investing - Theory, News & General
Topic: Selling Old Coins?
Replies: 20
Views: 2483

Re: Selling Old Coins?

The market for collectible coins is driven by rarity and condition. I would look at a price guide (e.g. http://www.pcgs.com/prices/ ) to determine which (if any) of the individual coins might be valuable. If a coin is valuable, it might be worth it to get it graded (the three big services are ANACS,...
by Minty
Sun Jan 08, 2017 1:58 pm
Forum: Investing - Help with Personal Investments
Topic: Lump Sum Investing
Replies: 13
Views: 1579

Re: Lump Sum Investing

I have transferred approximately $90K into Vanguard's money market account (Roth) from another broker and am now going to buy "Admiral" index fund shares. I would like to do this before I file taxes so it doesn't count towards 2017 annual Roth max. If the money is already in a Roth, then exchanges ...
by Minty
Sun Jan 08, 2017 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: FL prepaid plan(4-Year Florida University Plan)
Replies: 22
Views: 4469

Re: FL prepaid plan(4-Year Florida University Plan)

I might do this if there were more than one child in the family who could be a potential beneficiary. But if there is only one kid involved, the chances of not using the benefit for some reason would strike me as too high to make it worthwhile.
by Minty
Sun Jan 08, 2017 1:50 pm
Forum: Personal Consumer Issues
Topic: Best Ways to Buy Time
Replies: 68
Views: 9100

Re: Best Ways to Buy Time

FWIW, there is a Fatwallet thread on this. https://www.fatwallet.com/forums/finance/890849
by Minty
Sat Jan 07, 2017 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: College application time coming soon. Can you recommend an SAT/ACT prep course? Or have other ideas?
Replies: 36
Views: 2574

Re: College application time coming soon. Can you recommend an SAT/ACT prep course? Or have other ideas?

Our daughter, a good student and test-taker, used Revolution Prep, and her scores moved up substantially (ten percentile points). I also found College Confidential very helpful. Finally, to really look under the hood of a college or university, you can read online the Common Data Set for that instit...
by Minty
Mon Jan 02, 2017 7:41 pm
Forum: Investing - Help with Personal Investments
Topic: The DIY-529 - seeking feedback
Replies: 18
Views: 1701

Re: The DIY-529 - seeking feedback

CHILD’S AGE: 10-15 (Tapering stage) SAVINGS VEHICLE: Supplement the above techniques by purchasing Treasury Notes or T-Bills in the child’s name and have them pay annual taxes on the interest. (Sure, this is now money in the child’s name, but it is all going towards college anyway, right?). TAX MIT...
by Minty
Mon Jan 02, 2017 2:13 am
Forum: Personal Finance (Not Investing)
Topic: Thinking of upgrading primary residence, do you recommend?
Replies: 29
Views: 2761

Re: Thinking of upgrading primary residence, do you recommend?

I've heard a saying about real estate: "your equity is at the top, and you own it all the way to the bottom." This could work out fine, or it could take up a healthy share of your net worth. I would not do it, but the question is whether you want to take on more risk, and shift from savings to consu...
by Minty
Mon Jan 02, 2017 2:04 am
Forum: Investing - Theory, News & General
Topic: 2017 hedge fund contest
Replies: 247
Views: 41139

Re: 2017 hedge fund contest

Name: Uno Simian

Long: SCOR, CMTL, CAG

Short: MXL, MXWL, MBFI
by Minty
Thu Dec 29, 2016 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: How much for TLI with major unknown expenses?
Replies: 5
Views: 796

Re: How much for TLI with major unknown expenses?

Minty, do you mean taking out two policies at the same time? Maybe one for 20 and another for 30? How would you recommend splitting up the total sum of the insurance? Do you have any guidance on the margin of error? It seems that 1 M is a number most people go with for the main bread winner. An add...
by Minty
Wed Dec 28, 2016 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: How much for TLI with major unknown expenses?
Replies: 5
Views: 796

Re: How much for TLI with major unknown expenses?

My suggestion is to factor in increases in income and expenses. You need a little margin of error, and it is not always easy to increase coverage down the road if health issues come up. I might do two policies, one until your kid is 21 or 25, and one that goes until you are 65 or so. And you need in...
by Minty
Sat Dec 24, 2016 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Bought a house for 560k in 2007
Replies: 73
Views: 11054

Re: Bought a house for 560k in 2007

bubbadog wrote:Sell the house, take your loss, and move on.
+1.
by Minty
Thu Dec 22, 2016 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Got an unexpected tax collections notice...
Replies: 24
Views: 4621

Re: Got an unexpected tax collections notice...

That's ridiculous. There are probably lots of others in your situation. I'd call my state legislator, also maybe a paper or local TV station if they have one of those "consumer protection" features. A lawsuit might not get their attention, but negative publicity might.
by Minty
Tue Dec 20, 2016 6:08 pm
Forum: Investing - Help with Personal Investments
Topic: Borrow money to invest?
Replies: 33
Views: 3255

Re: Borrow money to invest?

It is not either or. You can pay down mortgage and invest. True, but a person can't use the same dollar to do both. So is it correct that if you have a mortgage, yet invest before or after tax, you are effectively borrowing to invest? And IIRC, investment interest is deductible, so OP's net cost wi...
by Minty
Tue Dec 20, 2016 5:46 pm
Forum: Investing - Help with Personal Investments
Topic: Borrow money to invest?
Replies: 33
Views: 3255

Re: Borrow money to invest?

But isn't this economically similar to the question of whether one should pay down a mortgage or invest in the market? I and many others make after-tax investments rather than reduce a 4%+- mortgage. I am essentially borrowing to invest, right? OP has access to very, very cheap money. OTOH, there ha...