Search found 642 matches

by ajcp
Sat May 10, 2014 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: what is the hardest financial decision?
Replies: 55
Views: 6603

Re: what is hardest financial descion?

Was surprised I'm the first withdraw rate response, but then again many bogleheads plan to leave money for children so I guess it makes sense. For me how much to save is pretty easy. I do have my vices, but for the most part don't like the flashy things that really break the budget (like a huge hous...
by ajcp
Sat May 10, 2014 2:19 pm
Forum: Investing - Theory, News & General
Topic: Behavioral Impacts of the Sequence of Returns
Replies: 53
Views: 3406

Re: Behavioral Impacts of the Sequence of Returns

My expectation is that an investor who experienced a bull market early in retirement would tend to be more optimistic about his/her investments and would feel free to spend more. That investor is drawing a completely rational conclusion. The optimism is justified and not merely a behavioral over-es...
by ajcp
Fri May 09, 2014 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Making extra cash
Replies: 38
Views: 5573

Re: Making extra cash

The organizational part also comes into play when you're juggling 5 new cards you applied for last week, each with a different spending requirement and deadline, a different bank login etc, and then having to remember when to cancel or downgrade those cards before getting hit with the annual fee (t...
by ajcp
Fri May 09, 2014 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Making extra cash
Replies: 38
Views: 5573

Re: Making extra cash

The organizational part also comes into play when you're juggling 5 new cards you applied for last week, each with a different spending requirement and deadline, a different bank login etc, and then having to remember when to cancel or downgrade those cards before getting hit with the annual fee (t...
by ajcp
Fri May 09, 2014 7:59 am
Forum: Investing - Theory, News & General
Topic: Retirement conundrum: Pick two out of three
Replies: 17
Views: 2602

Re: Retirement conundrum: Pick two out of three

You're picking holes in my simplistic theory. :( Living off dividends would give you 1 & 3, but not 2. A pension would give you 1 & 2, but not 3. Etc. And what would be a real world example of having 2 and 3 but not 1? Taking out x dollars per year (plus inflation increases) no matter what....
by ajcp
Thu May 08, 2014 3:28 pm
Forum: Personal Consumer Issues
Topic: Buying an unlocked iphone 5
Replies: 1
Views: 563

Re: Buying an unlocked iphone 5

I've only ever sold on swappa, but I'd look there if I wanted to purchase something.
by ajcp
Thu May 08, 2014 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: What our company's 401k Advisor said about 1.5% Fees
Replies: 115
Views: 27492

Re: What our company's 401k Advisor said about 1.5% Fees

I think what is needed here on the forum, or wiki is this: a list of 401k providers that follow Boglehead principles. That way people who are trying to help their bosses can come with alternatives in hand. I don't think it works that way. I've seen people speak positively about fidelity 401k, but w...
by ajcp
Thu May 08, 2014 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: CNBC - [Among millionaires, 4% are doctors]
Replies: 100
Views: 17046

Re: CNBC - 4% doctors are millionaires!!

Even if you have a 1/4 million salary, that's 4 times income. That doesn't seem low if you think about how much of the general population has 4x salary saved.

ETA: Didn't click the link originally, but I agree with nisiprius.
by ajcp
Wed May 07, 2014 5:27 pm
Forum: Personal Consumer Issues
Topic: Put down that smart phone; Log off!!
Replies: 25
Views: 4984

Re: Put down that smart phone; Log off!!

So, interacting by phone is different than in person. Saved everyone 5 minutes. The problem seems to be deeper than that. I recently went to a playground and it is mind blowing how all parents and nanny's are just watching their cellphones and no adult is talking to each other. In the meantime some...
by ajcp
Wed May 07, 2014 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: What our company's 401k Advisor said about 1.5% Fees
Replies: 115
Views: 27492

Re: What our company's 401k Advisor said about 1.5% Fees

:-) thanks to all (HardKnocker, simpleton, pkcrafter and others) great info. Loving this forum for all the great advise. So .......... latest outcome this morning ... CFO stopped me this morning after watching that video about "Retirement Gamble" you guys suggested. ... he said it's proba...
by ajcp
Wed May 07, 2014 2:00 pm
Forum: Personal Consumer Issues
Topic: New Desktop Computers for My Business.
Replies: 23
Views: 2458

Re: New Desktop Computers for My Business.

Now outside the US South (and, I think, possibly not even the whole South) 'out of pocket' means short of money. But in the South, it means 'I have been busy/ I haven't had the time'. One of those cases where we use the same words to mean different things. It means "unavailable" here in S...
by ajcp
Tue May 06, 2014 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: What our company's 401k Advisor said about 1.5% Fees
Replies: 115
Views: 27492

Re: What our company's 401k Advisor said about 1.5% Fees

Exactly how small is your company? I'm inclined to say that's bs though. I work at a ~75 employee company. We have the exact target retirement vanguard funds, plus admiral shares of TSM and some others, that I could but straight from vanguard. Each month, a monthly fee is taken out that is essential...
by ajcp
Tue May 06, 2014 7:11 am
Forum: Personal Finance (Not Investing)
Topic: FIDO Amex Switching from FIA to BoA
Replies: 14
Views: 2000

Re: FIDO Amex Switching from FIA to BoA

Probably wishful thinking, but maybe this will result in a more seamless login process, rather than the clunky process of logging into fidelity, navigating to the credit card, then clicking to open a new window of FIA to manage the card, then dealing with FIA's 1990s style interface I login from ht...
by ajcp
Sun May 04, 2014 2:53 am
Forum: Personal Finance (Not Investing)
Topic: Very basic social security question
Replies: 26
Views: 2670

Re: Very basic social security question

From what I have read, if you turn 21 after 1950, your average indexed monthly earnings (AIME) is based on earnings in the year you turn 22 and later years. In other words, sscritic's summer job in high school wouldn't count toward his AIME unless he's 85 or older? Is that right? No, it's just your...
by ajcp
Sat May 03, 2014 6:37 pm
Forum: Personal Consumer Issues
Topic: Inflation-Cable, and utilities
Replies: 7
Views: 1342

Re: Inflation-Cable, and utilities

I'm not sure "basically the same service" is accurate. For internet, at least, speeds are much higher now than they were ten years ago. Tv too to an extent, you probably get a lot more channels now, even not counting the premium movie channels. While you may not want those channels, and th...
by ajcp
Sat May 03, 2014 11:44 am
Forum: Personal Finance (Not Investing)
Topic: What's your number?
Replies: 147
Views: 36422

Re: What's your number?

Oh, I'm not trying to say everyone can retire on a million and a paid-off house... It all depends on your expenses. Myself, I'm shooting for 2 million and a paid-off house. With the unknowns of health care, I can see why many people would want more. I myself want a large buffer, just in case, and i...
by ajcp
Sat May 03, 2014 11:28 am
Forum: Personal Consumer Issues
Topic: Purchasing first smartphone, need advice
Replies: 62
Views: 6641

Re: Purchasing first smartphone, need advice

The beauty of the Nexus 5 is that it supports both GSM and CDMA so if my wife is unhappy with Ting (Sprint/CDMA) she can switch to Straight Talk (ATT/GSM) and vice versa for myself. Yes, but note that their version of CDMA does not support Verizon Wireless, so don't count on that being a backup opt...
by ajcp
Sat May 03, 2014 7:25 am
Forum: Personal Finance (Not Investing)
Topic: What's your number?
Replies: 147
Views: 36422

Re: What's your number?

Say you live in Fort Worth Texas and have $1,000,000 you just inherited and have to move your family to SF or NY and have to buy a house in a pricey area,you will be shocked at how middle class you are.Put down your 300k on the new house and enjoy your 5000 month mortgage and taxes.If California yo...
by ajcp
Sat May 03, 2014 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Your personal inflation rate
Replies: 9
Views: 2194

Re: Your personal inflation rate

Say phones, I actually pay out more for phones, and others now do too. They are better, but more expensive with plans and such. It's a choice, just like steak or chicken or alpo. Also, for me, its just a perplexing topic, for instance, the chart helps gestalt wise, but then I don't understand a pri...
by ajcp
Thu May 01, 2014 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: What's your number?
Replies: 147
Views: 36422

Re: What's your number?

hoops777 wrote:Remember when being a millionaire meant something?Now you are middle class and struggling......
No, you are are not. By any stretch of the definition.
by ajcp
Thu May 01, 2014 12:45 pm
Forum: Investing - Theory, News & General
Topic: Beginner Investor Question Regarding Return Chart
Replies: 1
Views: 326

Re: Beginner Investor Question Regarding Return Chart

In between. That return is after the 1.27 expense ratio. However, that fund also has a load fee, so if you invested 10,000 they'd put 9500 in the fund abd keep 500 for themselves. The other thing you need to ask yourself is...even if that fund performed better after expenses in the past, how sure ar...
by ajcp
Wed Apr 30, 2014 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Did you tell anyone you paid off your mortgage?
Replies: 338
Views: 53802

Re: Did you tell anyone you paid off your mortgage?

Greentree wrote:Use it for a negotiation at work?
I don't understand what this means.
by ajcp
Wed Apr 30, 2014 10:41 am
Forum: Personal Consumer Issues
Topic: Purchasing first smartphone, need advice
Replies: 62
Views: 6641

Re: Purchasing first smartphone, need advice

You could go with http://www.pagepluscellular.com (a pre-paid service that uses Verizon's network) and buy a pair of used smartphones on eBay. For example, you could get a Droid X2 in great condition for about $80. You can get minimum minutes or ramp up to one of their monthly plans as your needs c...
by ajcp
Wed Apr 30, 2014 6:28 am
Forum: Investing - Theory, News & General
Topic: Why do some companies match HSA contributions?
Replies: 12
Views: 1122

Re: Why do some companies match HSA contributions?

I would predict that, over time, as companies look to reduce their contribution to the high cost of medical care, their contribution will go away. I would consider the current company contribution to be a "teaser" or enhancer, to get employees to buy into the concept. How would that work ...
by ajcp
Tue Apr 29, 2014 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: (Over)pay taxes make money get I-bond
Replies: 5
Views: 1036

Re: (Over)pay taxes make money get I-bond

If you're doing it for the I bonds, then sure, many people intentionally overpay/withhold to get extra I bonds.
by ajcp
Tue Apr 29, 2014 9:24 am
Forum: Investing - Theory, News & General
Topic: Why do some companies match HSA contributions?
Replies: 12
Views: 1122

Re: Why do some companies match HSA contributions?

Yes to 1.
2 I don't know for certain, but probably.
by ajcp
Thu Apr 24, 2014 3:57 pm
Forum: Investing - Theory, News & General
Topic: comparing long term returns: 3 funds vs SCV portfolio
Replies: 18
Views: 4793

Re: comparing long term returns: 3 funds vs SCV portfolio

If the weighted average of a bunch of components is higher than any of them, you may need to check your math. :wink: You used a 100/30 allocation in the last one, it should be 4.47.
by ajcp
Thu Apr 24, 2014 10:15 am
Forum: Investing - Theory, News & General
Topic: Early retirement with only a 401k
Replies: 6
Views: 1366

Re: Early retirement with only a 401k

In addition to the options other people listed, you could simply not have only a 401k. You've got 10 years to put money in taxable (even if this means forgoing some tax advantaged in exchange for the extra freedom).
by ajcp
Wed Apr 23, 2014 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: What's your number?
Replies: 147
Views: 36422

Re: What's your number?

John wrote: 25 times my desired yearly budget less SS :beer Yes, but if you are 30 now, how do you know what your yearly budget will be in 25 years? I'm in my 20s and don't know/care what my number is, except that it's way more than I have now. It's not something you need to know until you're at le...
by ajcp
Tue Apr 22, 2014 6:12 am
Forum: Personal Finance (Not Investing)
Topic: Switching Banks
Replies: 30
Views: 4021

Re: Switching Banks

That rate is probably a teaser that won't last. The interest on $25k at 2.25% is about $560 a year, so maybe it'll be worth the hassle if they keep the deal going for long enough. OTOH, I suspect you'll be looking at a rate of .1 or .2% in a relatively short time. Jim Ah, now this is what was in th...
by ajcp
Mon Apr 21, 2014 6:12 am
Forum: Personal Finance (Not Investing)
Topic: POLL: why carry cash?
Replies: 243
Views: 23066

Re: POLL: why carry cash?

Even if studies show that "people" buy junk food with plastic, it does not mean that all people do so. winglessangel31, you and I don't buy junk food. However, we all make some purchases with our credit cards that we would not have made with cash. To clarify, the studies don't show that p...
by ajcp
Sun Apr 20, 2014 11:36 am
Forum: Personal Finance (Not Investing)
Topic: POLL: why carry cash?
Replies: 243
Views: 23066

Re: POLL: why carry cash?

Behavioral economics experiments show that people behave more honestly and make more prudent decisions when they use cash. An example of the former is that when students were getting cash for completing puzzles they were cheating much less than when they were receiving a token retrievable for cash ...
by ajcp
Sat Apr 19, 2014 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: POLL: why carry cash?
Replies: 243
Views: 23066

Re: POLL: why carry cash?

gvsucavie03 wrote:
kingomri wrote: Our parish uses a website called FaithDirect that allows people to tithe with credit cards.
That just brings up a whole host of issues beyond this thread. Going in debt to tithe, or worse allowing your congregation the OPPORTUNITY to go into debt to tithe.... wow.
That's...quite a leap.
by ajcp
Sat Apr 19, 2014 7:04 am
Forum: Personal Finance (Not Investing)
Topic: POLL: why carry cash?
Replies: 243
Views: 23066

Re: POLL: why carry cash?

livesoft wrote:Splitting bills with credit cards is trivial. The waitstaff is used to it.
The waitstaff will do it but they hate you. (Never been a waiter, but have friends who are)
by ajcp
Fri Apr 18, 2014 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Switching Banks
Replies: 30
Views: 4021

Re: Switching Banks

Sure seems like our society as a whole would be better off if the banks didn't reward the good customers and lowered their interest a bit for those that mismanage or get into trouble. How much on this forum do we talk about being compensated for risk? Would you rather loan your money to someone wit...
by ajcp
Thu Apr 17, 2014 6:33 pm
Forum: Investing - Theory, News & General
Topic: Net Worth Survey, 2014 Edition
Replies: 149
Views: 43460

Re: Net Worth Survey, 2014 Edition

Thanks for all the above replies, but I'm still not really convinced. I can understand having good pay at a young age and having saving be the primary goal and accumulating a lot fast, but what kind of income(s) are we talking about here to accumulate that much by 30? Having a good $100k/yr job bef...
by ajcp
Thu Apr 17, 2014 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes owed in taxable account
Replies: 18
Views: 1741

Re: Taxes owed in taxable account

llessac15 wrote:Thanks for the replies. That helps me understand more.

Let's say if I had $2 million built up in the Vanguard TSM Index Fund, what would the estimated taxes be? Again, assume a marginal tax bracket of 39.6%.

Thanks again.
100 times the estimate for 20,000.
by ajcp
Thu Apr 17, 2014 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Use credit cards to pay rent: Amex Serve?
Replies: 56
Views: 12444

Re: Use credit cards to pay rent: Amex Serve?

The product I use is Amex Bluebird, which can be loaded at Walmart with cash giftcards, purchased with credit card. Such an approach will cost you a few hours a month, as well as some gas if you do not already go to Walmart. But if you invest your money saved in low cost index funds, over the long ...
by ajcp
Thu Apr 17, 2014 11:40 am
Forum: Personal Finance (Not Investing)
Topic: The Unemployment Game Plan
Replies: 12
Views: 1678

Re: The Unemployment Game Plan

If it's going to be paid off in September then I'd just get rid of it now to simplify. I'll second what others have said and say direct money to the emergency fund. If you get another job quickly you can reallocate it then.
by ajcp
Thu Apr 17, 2014 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Taxes owed in taxable account
Replies: 18
Views: 1741

Re: Taxes owed in taxable account

I am not the OP but curious about the question and the answer. With some of you chiming in, I notice that all answers are different. Can the posters that posted the answer come back and inform which of these is closest to correct by considering 2013 as tax year and the OP bought 20k worth of fund o...
by ajcp
Thu Apr 17, 2014 6:23 am
Forum: Personal Finance (Not Investing)
Topic: Taxes owed in taxable account
Replies: 18
Views: 1741

Re: Taxes owed in taxable account

Has VTSAX ever distributed capital gains? They certainly haven't recently. Using just 2% dividends at the 20% capital gains rate brings the cost down to $80. If you had non qualified dividends, it would be a little higher, but we're talking like $82 instead of $80, not a huge difference. At 23.8% (i...
by ajcp
Thu Apr 17, 2014 6:06 am
Forum: Investing - Theory, News & General
Topic: Barclays CD 60-month at 2.25% APY
Replies: 16
Views: 2377

Re: Barclays CD 60-month at 2.25% APY

I think that's about as good as you'll do right now.
by ajcp
Thu Apr 17, 2014 5:57 am
Forum: Personal Finance (Not Investing)
Topic: After Tax 401k to Roth 401k: is this bad?
Replies: 4
Views: 751

Re: After Tax 401k to Roth 401k: is this bad?

"Everyone" doesn't have institutional funds in their 401k. It's the same reason the conventional wisdom is:

1. 401k to employer match
2. Max IRA
3. Max 401k

Because that's the better option for maybe 99% of people. I don't know of any drawbacks that you didn't list.
by ajcp
Thu Apr 17, 2014 5:50 am
Forum: Personal Consumer Issues
Topic: Help select laptop
Replies: 21
Views: 2390

Re: Help select laptop

1. Salespeople love to upsell, but I have to agree in this case. I'd prefer something a little more current if you're going to have 10 open tabs and be watching youtube. 2. I think amazon has it for about $100, but that's about as good as you'll do. 3. That really comes down to personal preference. ...
by ajcp
Wed Apr 16, 2014 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Switching Banks
Replies: 30
Views: 4021

Re: Switching Banks

That credit union account sounds like an RCA. Which means it would come with requirements like using your debit card 12 times per month to get that interest. Which isn't to say that's bad, but just so you know what you're signing up for.
by ajcp
Wed Apr 16, 2014 6:41 am
Forum: Investing - Theory, News & General
Topic: Japan Does not Show That Stocks are Dangerous
Replies: 79
Views: 7996

Re: Japan Does not Show That Stocks are Dangerous

I think this is absolutely correct. Psycologically, we tend to look at crashes as something that bounce back, which is what has recently happened. In truth, we don't know if that is what will happen or not. "I'm rooting for the market to drop 50% or better yet, even more. Then I can buy equiti...
by ajcp
Tue Apr 15, 2014 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Tax Treatment of HSA in California
Replies: 9
Views: 3536

Re: Tax Treatment of HSA in California

I understand that they are handed similar to a brokerage account, however, there's a few specific points that I am not completely clear on as it relates to California. Are the maintenance fees somehow tax deductible in California? Are capital losses on the HSA account deductible in California? Are ...
by ajcp
Mon Apr 14, 2014 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Treatment of HSA in California
Replies: 9
Views: 3536

Re: Tax Treatment of HSA in California

It's just like any regular taxable account. Dividends are taxed in that year, gains are taxed when they are realized, etc. Assuming California allows capital losses, yes you could deduct it in your HSA.
by ajcp
Mon Apr 14, 2014 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: 40% tax rate???
Replies: 26
Views: 1999

Re: 40% tax rate???

boglerocks wrote:So everybody making $72,501 or more is paying 40% or more in income tax?
In California, yes*. As DS said, it's the same whether you're self employed or not. In other states, maybe not.

* The marginal rate is 40%. That is not the same as paying 40% in income tax.
by ajcp
Sun Apr 13, 2014 7:44 am
Forum: Personal Investments
Topic: My Investment Policy Statement
Replies: 13
Views: 1382

Re: My Investment Policy Statement

Out of curiosity, what do people with an IPS do in the event of another Japan-like scenario? Do they keep rebalancing into stocks on a quarterly or annual basis and continue to lose money if that's what their IPS says? The problem is, you don't know if it's a Japan scenario or a 2008 until after th...