Search found 691 matches

by mhadden1
Tue Feb 19, 2019 9:18 am
Forum: Personal Finance (Not Investing)
Topic: My Mortgage = Is it a problem?
Replies: 49
Views: 3799

Re: My Mortage = Is it a problem?

If the business cycle still exists, you may get a chance to refi at a more attractive rate, and shorten the term. Be ready to take the opportunity if it comes.
by mhadden1
Sun Feb 17, 2019 11:50 pm
Forum: Personal Investments
Topic: Portfolio for young professional
Replies: 27
Views: 2565

Re: Portfolio for young professional

305pelusa wrote:
Sat Feb 16, 2019 6:05 pm
I'm a 25 year old with a BS and Masters in Electrical Engineering.
This disadvantage is causing you to want to fine tune everything. Continue to save a lot of your income and put it in a three fund portfolio. Stay the course. Don't worry, be happy.
by mhadden1
Sun Feb 17, 2019 11:26 pm
Forum: Personal Consumer Issues
Topic: Another "Is it worth it to fix" question [2002 Nissan Sentra]
Replies: 66
Views: 4166

Re: Another "Is it worth it to fix" question

kilkoyne wrote:
Sat Feb 16, 2019 10:26 am
They sell inexpensive DIY patch kits. Have you looked into that?
I remember my dad fixing such a leak with JB Weld. Regarding the quality of such a fix - well, either it's leaking or it's not. If it starts to leak again, gotta do something else.
by mhadden1
Sun Feb 17, 2019 8:04 pm
Forum: Personal Investments
Topic: [Should I reduce my stock exposure?]
Replies: 15
Views: 924

Re: [Should I reduce my stock exposure?]

An idea well known to Bogleheads is that the need, willingness, and ability to take risk should govern the allocation to risky assets, like stocks. Regarding need: there is a pretty strong consensus that a 60/40 allocation of stocks to bonds should support a 4% withdrawal rate over 25 years. So, 300...
by mhadden1
Tue Feb 12, 2019 11:19 am
Forum: Investing - Theory, News & General
Topic: How much Fixed Income on the day you retire?
Replies: 76
Views: 5511

Re: How much Fixed Income on the day you retire?

David Jay wrote:
Tue Feb 12, 2019 11:03 am
I had 8 years worth of bonds - enough to get from retirement to my planned filing for SS @ 70.

Two years in Short Term, remainder in Intermediate Term.
Me too, just about. At age 70, with my SS, our regular expenses should be covered outside of portfolio withdrawals.
by mhadden1
Fri Feb 08, 2019 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for handling life insurance payout
Replies: 13
Views: 1340

Re: Advice for handling life insurance payout

1) Right now money market is fine. Of course, that may change over the 20 or so years that you are concerned with, while your children grow up and launch. 2) Right now paying off the mortgage is fine. Again, that may change over the 20 year period. 3) I would try hard to use TSP contributions, etc. ...
by mhadden1
Fri Feb 08, 2019 12:01 pm
Forum: Personal Investments
Topic: Feedback on Financial Health
Replies: 12
Views: 997

Re: Feedback on Financial Health

If you want to retire in 25 years or so, you want to plan to have sufficient liquid, diversified assets to live on. Ideally a substantial amount of the assets by that time would be something stable, bond-like, guaranteed available when you need it. Right now you are very heavy in real estate which i...
by mhadden1
Fri Feb 08, 2019 11:33 am
Forum: Personal Investments
Topic: Critique this Real Estate investment idea
Replies: 31
Views: 2098

Re: Critique this Real Estate investment idea

I fear that this idea has not been sufficiently savaged. Honestly, it is so terrible that it boggles the mind. Dozens of people have carefully explained why, already, so I will not bother, except for this one small pile-on.
by mhadden1
Thu Feb 07, 2019 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Whole Life Insurance Policy Question
Replies: 8
Views: 345

Re: Whole Life Insurance Policy Question

Standard advice: buy the right amount of inexpensive term life to provide for the family, and invest the rest. Some people would insure the childcare provider partner for a smaller amount.
by mhadden1
Thu Feb 07, 2019 11:24 am
Forum: Personal Investments
Topic: Custodian for parents retirement money, please help me invest.
Replies: 21
Views: 627

Re: Custodian for parents retirement money, please help me invest.

I would like to invest this money in my taxable account in a tax efficient manner. As others have pointed out, this is not the proper way to handle things. You need to make sure to find an arrangement that protects everybody's interests, in all situations. Like, what happens if you die? And your hu...
by mhadden1
Wed Feb 06, 2019 11:33 pm
Forum: Personal Investments
Topic: Ally Bank's nightmarish online reviews -- should I be worried?
Replies: 97
Views: 9551

Re: Ally Bank's nightmarish online reviews -- should I be worried?

trueson1 wrote:
Sun Feb 03, 2019 4:32 pm
I have been with Ally for over 5 years with multiple transfers to multiple accounts with never a problem.
Me too, but all the way back to the GMAC days.
by mhadden1
Wed Feb 06, 2019 11:21 am
Forum: Personal Investments
Topic: Looming retirement reality check
Replies: 9
Views: 1313

Re: Looming retirement reality check

6) Any other advice you feel is helpful, I am all ears. I certainly have a lot of regrets as to the way this is playing out, but I need to deal with what I have going on. No need for regrets. With around 40k in SS and 20k or so from your investments every year, you should be able to live comfortabl...
by mhadden1
Tue Feb 05, 2019 6:13 pm
Forum: Investing - Theory, News & General
Topic: Target Date Funds w/ 0.09%ER
Replies: 20
Views: 2080

Re: Target Date Funds w/ 0.09%ER

If you had the option to put all your money a target date fund for 0.09%, would you do it? I think I would. You could arrange any other accounts like Roth and taxable to complement the 401k. Like, hold Total Stock Market in the non-workplace accounts, and maybe back off a little and use 2035 or 204...
by mhadden1
Tue Feb 05, 2019 11:52 am
Forum: Personal Investments
Topic: Are bonds necessary in a taxable account for a 30yo?
Replies: 26
Views: 1231

Re: Are bonds necessary in a taxable account for a 30yo?

Vanguard 2050 target date fund is about 90/10 stocks/bonds - so that's what the Vanguard professionals think about a 30-ish AA. Keeping the bonds in a tax advantaged account avoids/defers the taxes. :shock:
by mhadden1
Wed Jan 30, 2019 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Saying hello and hoping for guidance
Replies: 95
Views: 5208

Re: Saying hello and hoping for guidance

I don't see any pressing need to change the 401k fund selection he currently has, you can keep it for now and as you learn more you may want to change it later. I agree that the 2045 Target Date fund in the 401k is good for now. After learning a bit more about investing for retirement, it will be e...
by mhadden1
Tue Jan 29, 2019 12:11 pm
Forum: Personal Investments
Topic: 401k Fund Review
Replies: 13
Views: 920

Re: 401k Fund Review

Or would it be better to just open a separate account at Vanguard or elsewhere and buy their low ER Total Bond Index Fund outside of 401k? Then just use 401k for S&P 500 index fund only. Thanks A standard Bogleheads approach would have you figure out an asset allocation percentage between stocks an...
by mhadden1
Tue Jan 29, 2019 11:18 am
Forum: Personal Consumer Issues
Topic: Beware Citibank Bonus Promotion
Replies: 42
Views: 11133

Re: Beware Citibank Bonus Promotion

JoeJohnson wrote:
Sat May 13, 2017 10:22 am
Did the $400 bonus last fall and everything went smoothly. Experiences vary wildly.
I too got this bonus last year, without issues. In fact the bonus was paid at the very beginning of the period where payment was promised.
by mhadden1
Sun Jan 27, 2019 2:18 pm
Forum: Personal Investments
Topic: Looking for helpful opinions / advice on my situation
Replies: 51
Views: 3950

Re: Looking for helpful opinions / advice on my situation

You're 48 years old, have 10k invested, and working part time. Your best financial bet: -Get that 1.5x to 2.0x salary industry job -Save 30% to 50% of your income -Invest as much as possible in Vanguard Total Stock Market (100% equities is risky, but much less risky than swing trading) With today's...
by mhadden1
Fri Jan 25, 2019 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: small town
Replies: 47
Views: 3955

Re: small town

Nice people, see daily at grocery store, church, etc. Any suggestions on how to mitigate any potential small town relationship issues? Sadly the brokers are not really your friends, although probably they wish you well, overall, except for the part where you prefer inexpensive investments. That's a...
by mhadden1
Wed Jan 23, 2019 9:21 am
Forum: Personal Investments
Topic: I'm 23 and I'm trying to help my family with their finances
Replies: 19
Views: 1606

Re: I'm 23 and I'm trying to help my family with their finances

I also agree about mom. What she's doing works fine if she's saved $1M. I would simply offer advice on putting some in a higher paying savings account or money market fund or CDs. If she's scared of the market, don't make her jump in now. I would be reluctant to "set up" the siblings as well. I'm s...
by mhadden1
Fri Jan 18, 2019 2:07 pm
Forum: Personal Investments
Topic: No 401K match new employer
Replies: 29
Views: 3101

Re: No 401K match new employer

The other things to keep in mind Re 401k is that the tax deferred space is use or lose, and it is unlikely you will be stuck in these high ER funds for your entire working life. See if you qualify for tax deductible traditional IRA. If not, use a Roth IRA (backdoor if you have to). What is your app...
by mhadden1
Thu Jan 17, 2019 4:09 pm
Forum: Personal Investments
Topic: New to the forum and looking for advice
Replies: 11
Views: 830

Re: New to the forum and looking for advice

There is not a 28% tax bracket. Stop doing taxable investing until you fill tax advantaged space. You have plenty of room in your 401K. It looks like you are only contributing $6000/year. 32% this yr - im hesitant on maxing out my 401 since i will need that money before im 59.5 or whatever age it i...
by mhadden1
Thu Jan 17, 2019 2:39 pm
Forum: Personal Consumer Issues
Topic: Fun with Amazon
Replies: 35
Views: 3981

Re: Fun with Amazon

Earl Lemongrab wrote:
Thu Jan 17, 2019 1:35 pm
wolf359 wrote:
Thu Jan 17, 2019 1:30 pm
OP put all names in quotes. Even "Anita."
Of course. A couple of people have decide to impute some nefarious reason to that, which doesn't exist.
It just occurred to me - Earl Lemongrab is probably not your real name. Another cherished misconception shot to hell.
by mhadden1
Thu Jan 17, 2019 2:26 pm
Forum: Personal Investments
Topic: 57 yr old w/$14K
Replies: 24
Views: 3740

Re: 57 yr old w/$14K

At 57, if your friend can work in covered employment as much and as long as possible, he can still qualify for a significant SS benefit. IMO that may be the best advice you can give.
by mhadden1
Thu Jan 17, 2019 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Parents never paid non-resident state tax for rental property
Replies: 15
Views: 1993

Re: Parents never paid non-resident state tax for rental property

The right thing to do about the Illinois state taxes is to figure out whether the law requires a return to be filed - if so, fill it out and pay any tax owed. If tax got paid to the wrong state, an amended return to get that back seems to be in order. If dependable advice is necessary to accomplish ...
by mhadden1
Thu Jan 17, 2019 11:57 am
Forum: Personal Consumer Issues
Topic: Anyone with experience with Carmax?
Replies: 74
Views: 24568

Re: Anyone with experience with Carmax?

Several good buying experiences with CarMax, both for me and while helping older relatives/friends. I do not disagree that a savvy negotiation might likely produce a lower price from a regular dealer. Overall I find the search process to be easier at CarMax - also used their feature of bringing in c...
by mhadden1
Thu Jan 17, 2019 11:01 am
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 52002

Re: John Bogle has died at age 89

I believe that Mr. Bogle's work has made my retirement prospects a lot better. It is easy to admire someone whose efforts helped so many.
by mhadden1
Wed Jan 16, 2019 9:42 am
Forum: Personal Investments
Topic: New investor please help!
Replies: 18
Views: 1079

Re: New investor please help!

Richard32 wrote:
Wed Jan 16, 2019 5:19 am
85% in the PLSAX (S&p) and 15% in the small cap fund
This gives you a pretty close approximation of the total US stock market. :happy
by mhadden1
Wed Jan 16, 2019 12:34 am
Forum: Personal Investments
Topic: Life transition, what's next
Replies: 25
Views: 3274

Re: Life transition, what's next

daughter prefers Phoenix. Looks like your income right now from Home Depot, SS etc, and say 25k from the savings (< 4%) is up close to 60k. There are many pleasant places in the USA with pretty low living costs where you can live very comfortably on that. Maybe even Phoenix, which I know little abo...
by mhadden1
Wed Jan 16, 2019 12:06 am
Forum: Personal Investments
Topic: New investor please help!
Replies: 18
Views: 1079

Re: New investor please help!

Thank you all!! Any advice isnappreciated Your choice of a target date fund in your 401k is a good one - except for, as you point out,the high expense ratio. The least expensive choice is the PLSAX- S&P 500, and its 0.31 ER is not great but not horrible. Luckily this is a very suitable choice as yo...
by mhadden1
Tue Jan 15, 2019 11:04 pm
Forum: Personal Finance (Not Investing)
Topic: A co-worker makes more than me
Replies: 77
Views: 6838

Re: A co-worker makes more than me

This most likely has nothing to do,with your performance, their performance, job responsibilities or any other merit based reasons. The salary difference you discovered could be a clue that you are underpaid. In today's world of salary surveys and such, you might be able to evaluate the situation t...
by mhadden1
Tue Jan 15, 2019 5:17 pm
Forum: Personal Investments
Topic: Vanguard Balanced Index Admiral vs LS Mod Growth>
Replies: 16
Views: 1726

Re: Vanguard Balanced Index Admiral vs LS Mod Growth>

Many people like to fill their Roth space with the hottest funds they can stand (highest expected return) while maintaining their desired AA with less risky funds in other accounts.
by mhadden1
Tue Jan 15, 2019 9:15 am
Forum: Personal Investments
Topic: Please Point me Where to Look For an Advisor for My Mother:
Replies: 14
Views: 993

Re: Please Point me Where to Look For an Advisor for My Mother:

3 CDs at 3 different banks. At least she won't get fleeced. At 3%, that's $22.5k a year. I understand that many people think they can put $100k into some magical account and get $50k a year for life, but if the above number works, then it's the safe way to go. Yes, just don't let the banks talk you...
by mhadden1
Tue Jan 15, 2019 1:48 am
Forum: Personal Investments
Topic: Help updating portfolio for 2019.
Replies: 15
Views: 2204

Re: Help updating portfolio for 2019.

lifeisinmirrors wrote:
Sun Jan 13, 2019 8:37 am
Just one taxable, one Roth, one traditional IRA should be enough.
And, with a little attention, probably hold only one or two different funds in each account. Much more intelligible. If you get a paper statement (I don't) it's half a page.
by mhadden1
Mon Jan 14, 2019 9:40 am
Forum: Personal Investments
Topic: Retirement portfolio
Replies: 14
Views: 1645

Re: Retirement portfolio

What is your international allocation with your current four fund portfolio? That would likely change if you move toward a life cycle fund or Wellesley.
by mhadden1
Mon Jan 14, 2019 12:25 am
Forum: Personal Investments
Topic: Small cap tilting
Replies: 20
Views: 1393

Re: Small cap tilting

Currently I am in VSIAX (Small cap Value) and I am thinking of moving that into VTMSX (Vanguard Tax Managed Small Cap). If you want to tilt, you have to figure what you want and stick with it. You can't currently have one thing and think about moving to something else. And, it can be hard to stick ...
by mhadden1
Sun Jan 13, 2019 11:35 pm
Forum: Personal Investments
Topic: New investor please help!
Replies: 18
Views: 1079

Re: New investor please help!

Other funds available: PRBDX,PMRJX,PALTX,PCSMX,PVUIX,PRWLX Hey Richard32, welcome to the forum. If you can post your 401 fund choices with ticker, name and expense ratio information, something like: PRBDX Principal Core Plus Bond Fund Class A 0.50 or whatever PMRJX PALTX PCSMX PVUIX PRWLX then prob...
by mhadden1
Sun Jan 13, 2019 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: 457 vs 403b
Replies: 120
Views: 7933

Re: 457 vs 403b

In Alabama, the Retirement Systems of Alabama provides public employees, including teachers, a 457 plan called RSA-1. For investment choices, essentially RSA rolls their own S&P 500, total bond, and short term bond funds with no fees . I don't think it gets touted much at school retirement seminars ...
by mhadden1
Sun Jan 13, 2019 10:29 pm
Forum: Investing - Theory, News & General
Topic: charles schwab, fidelity and seven other banks and brokerages are planning to launch a new exchange
Replies: 6
Views: 1447

Re: charles schwab, fidelity and seven other banks and brokerages are planning to launch a new exchange

I would think more competition is a good thing, as long as access is still available to all the exchanges, and the bid/ask is transparent across all of them. Theoretically, people who trade with these brokers might... maybe... have faster/better access to this exchange circumventing the the advanta...
by mhadden1
Sat Jan 12, 2019 9:31 pm
Forum: Personal Investments
Topic: Should my partner contribute to his 403(b)?
Replies: 8
Views: 822

Re: Should my partner contribute to his 403(b)?

2. At 64k AGI, the savers credit is 10% of the contribution amount with a max of $1000. The Saver's Credit is 10% of the contribution amount, with a maximum contribution counted of $4000, so it's only $400, not $1000. To get a $1000 credit ($2000 if married), you need to get down to the 50% level, ...
by mhadden1
Sat Jan 12, 2019 10:36 am
Forum: Personal Investments
Topic: Tax software for filing state returns
Replies: 12
Views: 568

Re: Tax software for filing state returns

Have generally reviewed various tax software packages. Most provide free filing on Federal taxes and charge for state. However, found one that offers free filing for both. When you say free, do you mean included in the price to acquire the software? Or is the software (service, really) also free? S...
by mhadden1
Tue Jan 08, 2019 3:53 pm
Forum: Personal Consumer Issues
Topic: Comcast didn't deliver as promised
Replies: 16
Views: 1735

Re: Comcast didn't deliver as promised

This post gets my vote for "Least Surprising of the Year". But, the year is young. :happy
by mhadden1
Sun Jan 06, 2019 9:53 pm
Forum: Personal Investments
Topic: Question regarding Wealth Manager
Replies: 21
Views: 1697

Re: Question regarding Wealth Manager

The cost basis is currently 265k with an unrealized gain amount of 24k. Just so that I am looking at this correctly, this essentially means that we would pay taxes on only 24k? Forgive my naiveté, but this seems like an extremely low amount, considering the size of the portfolio and the recent bull...
by mhadden1
Sun Jan 06, 2019 11:27 am
Forum: Personal Investments
Topic: Stopping 401k to buy up cash-flowing real estate?
Replies: 24
Views: 1956

Re: Stopping 401k to buy up cash-flowing real estate?

crazycatman wrote:
Sun Jan 06, 2019 11:16 am
UpperNwGuy wrote:
Sun Jan 06, 2019 10:54 am
crazycatman wrote:
Sun Jan 06, 2019 9:32 am
Our all-in per house will avg $42k
My goodness, 42k. That is certainly not much. Just remember that if you only collect half the rent, you only make 5% or so.
by mhadden1
Sat Jan 05, 2019 11:30 pm
Forum: Personal Finance (Not Investing)
Topic: $40,000 in debt, bankruptcy seems to be the best option right now
Replies: 274
Views: 23815

Re: $40,000 in debt, bankruptcy seems to be the best option right now

I don't live anywhere close to Florida, but the median home price in Broward County is $263,000 according to a quick Google search. The discussion motivated me to look at the 1100 sf, 2br/1b CBS house I owned 30 years ago in Ft. Lauderdale, well inland from the beach. Zillow shows it at $285K. Hous...
by mhadden1
Sat Jan 05, 2019 10:06 pm
Forum: Investing - Theory, News & General
Topic: 2019 Roth all at once or over time.
Replies: 19
Views: 1523

Re: 2019 Roth all at once or over time.

On Friday I did 7K for DW and 6K for me, for 2019. Sometime pretty soon I will decide where to get the remaining 1K to put in. Probably the last year to contribute as DW plans to retire this year. She says she might substitute teach a bit, just to hang out with her teacher friends sometimes - so pos...
by mhadden1
Sat Jan 05, 2019 9:53 pm
Forum: Personal Consumer Issues
Topic: Getting AT&T to Stop Charging Me.......
Replies: 12
Views: 1083

Re: Getting AT&T to Stop Charging Me.......

five2one wrote:
Sat Jan 05, 2019 9:30 pm
Then try spanish speakers as they are typically bi-lingual which means they are based in the US.
Wow that is fiendishly clever. :twisted: You rock, so hard.
by mhadden1
Sat Jan 05, 2019 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: $40,000 in debt, bankruptcy seems to be the best option right now
Replies: 274
Views: 23815

Re: $40,000 in debt, bankruptcy seems to be the best option right now

Your housing expenses are nearly 50% of your take home and that is just way too much. I don’t see where you can cut back much, maybe your groceries/food bill a little. Can you or your wife work more and increase income that way? It’s probably hard with young children at home. You are in a tough spo...
by mhadden1
Wed Jan 02, 2019 3:54 pm
Forum: Personal Consumer Issues
Topic: drilling into concrete - 2 layers?
Replies: 9
Views: 608

Re: drilling into concrete - 2 layers?

An anchor in 1.5 inches of concrete should be fine for holding things like non-CRT televisions.
by mhadden1
Tue Jan 01, 2019 11:56 am
Forum: Personal Investments
Topic: Opinions sought re: age-related investing issue
Replies: 39
Views: 2154

Re: Opinions sought re: age-related investing issue

(3) Stock Newsletters. There are dozens of these, most of which are best used as kindling in your fireplace, but some are worthwhile. They aren't cheap, but that is a relative thing. They are cheaper than any asset-base fee advisor, human or robo. The two I have some experience with and which I thi...