Search found 165 matches

by Minty
Mon Feb 12, 2018 11:55 am
Forum: Personal Finance (Not Investing)
Topic: How much life insurance - and for how long?
Replies: 29
Views: 3665

Re: How much life insurance - and for how long?

Option A: Me - $750K/20yr ($385) + $500K/30yr ($530) Spouse - $750K/20yr ($285) + $500K/30yr ($340) TOTAL = $1,540/yr for 20 years, then $870/yr for 10 years = $39,500 I vote for Option A. Reasonable price, plenty of coverage. You can drop the 30 year policies later on if they are no longer necessa...
by Minty
Wed Jan 17, 2018 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance for Child: Mom and Dad Co-signed Loans
Replies: 9
Views: 1142

Re: Life Insurance for Child: Mom and Dad Co-signed Loans

Quick update: Turns out all of the loans (federal and private, from the school itself) would be forgiven if tragedy struck. The note we signed did not mention that one way or the other. Many thanks as always for the wisdom from this great forum.
by Minty
Fri Jan 05, 2018 4:53 pm
Forum: Forum Issues and Administration
Topic: Misuse of adverse when averse was meant
Replies: 149
Views: 11472

Re: Misuse of adverse

In the passed, I have seen alot of misused words and phrases on this cite. Usually, I except a bazaar usage, because it does not effect me. The only time I would consider counciling a poster whom misspeaks is when they are writing about there job search or seeking career advise. In some fields, brak...
by Minty
Thu Jan 04, 2018 1:53 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 483
Views: 47662

Re: What frugal thing did you do today?

1. Bought a MacBook Pro for daughter, refurbished instead of new (from the Apple website, based in part on recommendations from the board) and will pay for it with her 529. (I would have preferred a Lenovo for half the price, but one does what one can.) 2. Because of a slight flu, the doc at the urg...
by Minty
Tue Jan 02, 2018 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance Needed?
Replies: 6
Views: 487

Re: Life Insurance Needed?

Life insurance is needed for both parents, I think. If wife were to die, her labor would have to be replaced, and/or OP might want to take time off from work. If OP were to die, wife might have to stop work or hire day care. The $1M nest egg might allow for a $30 or $40 K annual drawdown, which migh...
by Minty
Tue Jan 02, 2018 4:41 pm
Forum: Investing - Theory, News & General
Topic: 2018 Hedge Fund contest
Replies: 168
Views: 18335

Re: 2018 Hedge Fund contest

Name: UnoSimian (30/65 in last year's contest, up 5.63%, not counting my compensation of course)

Long: Cambrex Corp CBM
Essendant Inc ESND
Chemung Finl Corpo. CHMG

Short: Contango Oil & Gas Co. MCF
Stamps.com Inc. STMP
Tronc Inc. TRNC
by Minty
Tue Jan 02, 2018 4:26 pm
Forum: Investing - Help with Personal Investments
Topic: Should I invest in 529s or use taxable account?
Replies: 13
Views: 1139

Re: Should I invest in 529s or use taxable account?

Advantages of 529s: - Tax deferred - $8k state tax deduction ($4k per child) in an 8.5% state tax bracket I assume you know this, but just to be precise, 529s are not just tax deferred, but tax free if used for qualifying educational expenses. And I agree that the higher education sector might well...
by Minty
Mon Jan 01, 2018 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Saving a little, here and there...
Replies: 21
Views: 4261

Re: Saving a little, here and there...

1. I regularly check the special offers on American Express. I often find that I can get cash back for travel, dining, or other expenditures I was planning to make anyway. But you have to load an offer onto your card on line in order to redeem it. They seem to have offers in the Hilton Hotel line pr...
by Minty
Wed Dec 27, 2017 3:50 pm
Forum: Investing - Theory, News & General
Topic: Is anyone putting money aside into Gold?
Replies: 148
Views: 17238

Re: Is anyone putting money aside into Gold?

I have 1% or less of my portfolio in collectible gold, platinum and silver coins from the mint . I regard it as a hobby where I get to own beautiful things. My "investment" has some downside protection (the coins will always be worth their metal value) and potential for modest appreciation. OTOH, as...
by Minty
Wed Dec 27, 2017 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance for Child: Mom and Dad Co-signed Loans
Replies: 9
Views: 1142

Re: Life Insurance for Child: Mom and Dad Co-signed Loans

Thanks for all of the helpful replies. I will check if we are responsible for the loans even if the borrower is deceased. Celia, we have another child who can have the same deal if she wants it. The younger child is probably in better shape, in terms of accumulation, because we started saving in 529...
by Minty
Tue Dec 26, 2017 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance for Child: Mom and Dad Co-signed Loans
Replies: 9
Views: 1142

Life Insurance for Child: Mom and Dad Co-signed Loans

My daughter attends an expensive college. Spouse and I are paying for most of it with 529 plans and current income, but she is also taking out student loans, some of which we guarantee. There might be 50K in loans by graduation. My question is: Should we get a life insurance policy on our daughter t...
by Minty
Sun Dec 17, 2017 2:16 pm
Forum: Personal Consumer Issues
Topic: New job offer - background check
Replies: 140
Views: 9218

Re: New job offer - background check

Here's a guide to restoration of rights and expungement in all 50 states. http://ccresourcecenter.org/wp-content/ ... Oct-17.pdf I'd say it is always worth getting a criminal record cleared if possible.
by Minty
Sun Dec 10, 2017 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: What are your big-picture ‘rules of life’ —financial or otherwise?
Replies: 123
Views: 15051

Re: "Desidoreta"

lostinjersey: This is my favorite poem. It has helped me through life. It can do the same for you and your family. Desidoreta Best wishes. Taylor What a beautiful poem. It is indeed a beautiful poem. There is a very funny [IMHO] parody of it, Deteriorata , which I post to illustrate the life lesson...
by Minty
Sun Dec 10, 2017 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Pay taxes on free food?
Replies: 30
Views: 3758

Re: Pay taxes on free food?

Below is an excerpt from a law review article written by an FSU law professor. I have no idea if it is correct. I suspect it is, because there are a million articles about the taxability to recipients of airline frequent flyer miles, but none that I could find about the taxability to the recipient o...
by Minty
Sat Dec 09, 2017 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Pay taxes on free food?
Replies: 30
Views: 3758

Re: Pay taxes on free food?

I don't know. But I'm going to bet that free food (water bottles, pens, t-shirts) is a business gift that is not taxable to the recipient.
by Minty
Fri Dec 08, 2017 11:38 am
Forum: Investing - Help with Personal Investments
Topic: Do you have any guilty pleasure investments?
Replies: 53
Views: 3997

Re: Do you have any guilty pleasure investments?

Less than 1% of our portfolio is in high dividend index funds. They've done fine.
by Minty
Tue Dec 05, 2017 2:23 pm
Forum: Personal Consumer Issues
Topic: Vegas on a budget
Replies: 49
Views: 4709

Re: Vegas on a budget

Of all the burgers I've had (and I've had some) my favorite is at Smith & Wollensky. My experience is that even at dinner when it may not be on the menu they will serve it if you ask. Smith & Wollensky is gone. Thanks, I did not know that. But it is coming back supposedly. https://www.smithandwolle...
by Minty
Tue Dec 05, 2017 1:51 pm
Forum: Personal Consumer Issues
Topic: Vegas on a budget
Replies: 49
Views: 4709

Re: Vegas on a budget

Mon Ami Gabi is fun. Of all the burgers I've had (and I've had some) my favorite is at Smith & Wollensky. My experience is that even at dinner when it may not be on the menu they will serve it if you ask. A fun Italian joint, sort of in the "Old, Local-ish Vegas" vein of the Peppermill is Casa Di Am...
by Minty
Sun Dec 03, 2017 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: About to take out Term Life Insurance - Questions for Bogleheads
Replies: 13
Views: 1699

Re: About to take out Term Life Insurance - Questions for Bogleheads

I like White Coat Investor's post on life insurance. https://www.whitecoatinvestor.com/how-to-buy-life-insurance/ With $300,000 annual income, $1 million is not nearly enough. OP has no house or significant college savings, and it looks like the bulk of the savings is retirement, i.e., it will be ta...
by Minty
Sat Dec 02, 2017 6:38 pm
Forum: Investing - Theory, News & General
Topic: Wellesley Fund gender diversity and climate focus
Replies: 9
Views: 1304

Re: Wellesley Fund gender diversity and climate focus

The academic analysis from Wharton cited by OP says that the studies show a small positive effect of gender diversity in corporate leadership. As a Boglehead, I welcome positive effects on returns small and large; they add up over time. I must admit, though, that I am biased; I believe there is stil...
by Minty
Sat Dec 02, 2017 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Mint.com or PersonalCapital.com
Replies: 11
Views: 1603

Re: Mint.com or PersonalCapital.com

Mint, definitely Mint, and a spreadsheet to monitor investments.
by Minty
Fri Dec 01, 2017 11:52 pm
Forum: Personal Finance (Not Investing)
Topic: The College Bubble - investment opportunities after the collapse?
Replies: 114
Views: 9783

Re: The College Bubble - investment opportunities after the collapse?

The Switzerland system provided a dual system where the high school student is paid for co-op education. It is one of the better models. KlangFool Absolutely, the US could offer a different system of support than it does, and that would IMHO be better. Other countries offer a much better system, an...
by Minty
Fri Dec 01, 2017 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: The College Bubble - investment opportunities after the collapse?
Replies: 114
Views: 9783

Re: The College Bubble - investment opportunities after the collapse?

Minty, Please note that not all college students graduated. The graduation rate varies greatly. So, when you say show me the numbers, do you consider those dropouts as part of the average? They had the student loans but no degrees. KlangFool KlangFool, If you are suggesting that not every high scho...
by Minty
Fri Dec 01, 2017 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: The College Bubble - investment opportunities after the collapse?
Replies: 114
Views: 9783

Re: The College Bubble - investment opportunities after the collapse?

Is there any reliable data suggesting that earning a college degree is economically inadvisable? I'd be eager to see it. Minty, Do you mean A) Paying 60K per year for 4 years and then work in a video rental store as a store clerk? Or B) Worked in college while studying my BSEE and MSEE. Graduated w...
by Minty
Fri Dec 01, 2017 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: The College Bubble - investment opportunities after the collapse?
Replies: 114
Views: 9783

Re: The College Bubble - investment opportunities after the collapse?

Is there any reliable data suggesting that earning a college degree is economically inadvisable? I'd be eager to see it.
by Minty
Fri Dec 01, 2017 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Advice Needed
Replies: 16
Views: 1434

Re: Financial Advice Needed

bubbadog wrote:
Fri Dec 01, 2017 1:52 pm
You are fine. Go ahead and deposit the money into your account.
I agree with this advice with the caveat that I assume OP has paid all required taxes. If not, OP should do so now, because a cash transaction report will be filed, and could lead to an inquiry.
by Minty
Sun Nov 26, 2017 1:07 am
Forum: Personal Consumer Issues
Topic: Kidde fire extinguisher recall
Replies: 58
Views: 7659

Re: Kidde fire extinguisher recall

Thanks! All three of mine were recalled.

I hope members with actionable finance or consumer-related information like this will continue to post.
by Minty
Fri Oct 13, 2017 6:15 pm
Forum: Personal Consumer Issues
Topic: How many miles/years do you keep your car?
Replies: 108
Views: 10067

Re: How many miles/years do you keep your car?

'95 Accord, bought new, 220K
'04 Pilot, bought used at 232K from a friend who did all scheduled maintenance, 236K
'14 CRV, bought new, 110K.
by Minty
Sat Sep 30, 2017 3:58 pm
Forum: Personal Consumer Issues
Topic: I bought a car without thinking too much about value
Replies: 45
Views: 5000

Re: I bought a car without thinking too much about value

I learned from posts here that there are Honda and Toyota dealers in various parts of the country selling manufacturer's extended warranties for a significant amount less than typical retail. So my vote would be cancel the warranty if OP can, and then either leave it be, or at least buy the same pro...
by Minty
Tue Sep 26, 2017 11:07 pm
Forum: Personal Consumer Issues
Topic: Is $9000 too much for a sectional sofa ?
Replies: 130
Views: 12967

Re: Is $9000 too much for a sectional sofa ?

I've just done a Google search, and if I did it correctly, I can affirm that there is a relevant pearl of wisdom that appears rarely on this forum, notwithstanding its merit: "If you have to ask, you can't afford it." (Attributed to J.P. Morgan.)
by Minty
Sun Sep 24, 2017 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Spouse Money Management
Replies: 94
Views: 8529

Re: Spouse Money Management

I think we need more information. You are not married, engaged, or living together, she's living with her parents. So I am confused about why you should join finances or be responsible for each other's expenses. This is a common issue for married/otherwise permanent couples, but not, as I understand...
by Minty
Sun Sep 24, 2017 12:17 pm
Forum: Personal Consumer Issues
Topic: Home security advice
Replies: 15
Views: 2067

Re: Home security advice

Sorry to answer a different question, but there is a theory that buying a security alarm company sign on Ebay and putting it in front of your residence gets you most of the deterrent benefit for virtually no cost. Also, our household keeps most valuables in a bank box.
by Minty
Sun Sep 24, 2017 12:11 pm
Forum: Investing - Help with Personal Investments
Topic: Opinions on moving to VG
Replies: 19
Views: 2215

Re: Opinions on moving to VG

[Edited to correct error that ruralavalon noted--thanks] I was going to comment that if I had to move money today, I'd probably go to Fidelity. Fidelity's high-minimum international index fund has an ER of one basis point less than Vanguard's (FTIPX: 10 basis points; VTIAX: 11 basis points), and the...
by Minty
Sun Sep 24, 2017 10:55 am
Forum: Investing - Help with Personal Investments
Topic: Help consolidate accounts & 3-fund portfolio setup
Replies: 5
Views: 779

Re: Help consolidate accounts & 3-fund portfolio setup

~50% of our retirement is in a 403b at Fidelity (former employer). Should we retain the 403b for the extra bit of protection from creditors, or should we roll it to an IRA? Within the 403, the available funds that catch my eye are: FSKTX (total market index, 0.04 E/R), FSPNX (int'l index, 0.06 E/R)...
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: 5490

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: 3084

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: 19
Views: 2408

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: 2047

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: 2047

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: 19
Views: 2408

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: 5490

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: 4709

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: 726

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: 801

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: 9857

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: 9699

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: 2837

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: 10260

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: 5582

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.