Search found 722 matches

by mhadden1
Sun Mar 03, 2019 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: SIL needs help. Car totaled, still owes $10k. Any way out?
Replies: 70
Views: 5534

Re: SIL needs help. Car totaled, still owes $10k. Any way out?

So she bought a used Subaru WRX (I'll guess a 2015) and the salesman successfully diverted her attention away from the price of the car and to the monthly payment. Since used WRXs are notorious for having been formerly modified to within an inch of their life, then "demodded" and traded in, she got...
by mhadden1
Sun Mar 03, 2019 10:17 pm
Forum: Personal Consumer Issues
Topic: Convince aging parents to pay for snow removal
Replies: 64
Views: 4227

Re: Convince aging parents to pay for snow removal

I too have worried about my aging parents over the last 10-15 years. Still, throughout, they were adults, and free agents.
by mhadden1
Thu Feb 28, 2019 10:07 pm
Forum: Investing - Theory, News & General
Topic: Why does dividend investing not work?
Replies: 186
Views: 28490

Re: Why does dividend investing not work?

What’s the difference between a 10% total return of a stock and a 10% rise in a non-dividend paying stock in taxable? You pay tax on dividends in the first case but not in the second. So I guess if your goal is to pay more in taxes, go for those dividend payers This is simply not true in many cases...
by mhadden1
Thu Feb 28, 2019 9:46 pm
Forum: Investing - Theory, News & General
Topic: “Market Always Goes Up” defense without past performance
Replies: 143
Views: 10031

Re: “Market Always Goes Up” defense without past performance

I think markets went up the past, and still do, because people and their companies are always learning and building and striving and overall producing more with less. That means passive investors that take market returns figure they will end up getting more and more. Markets definitely have a lot of...
by mhadden1
Thu Feb 28, 2019 8:11 pm
Forum: Personal Investments
Topic: Want no interest, dividends or distributions in 2019
Replies: 45
Views: 4908

Re: Want no interest, dividends or distributions in 2019

Vanguard Total Stock Market just throws off the 2% or so in dividends.
by mhadden1
Thu Feb 28, 2019 8:07 pm
Forum: Personal Investments
Topic: Portfolio Question - Retirement in Virginia
Replies: 11
Views: 863

Re: Portfolio Question - Retirement in Virginia

Nothing wrong with being as conservative as you need to be, if that is likely to meet your goals. What do you think your expenses will be in retirement, and how will you cover them? If you supply that info, I think a lot of posters will probably have ideas about how you could go forward. Retirement...
by mhadden1
Thu Feb 28, 2019 5:43 pm
Forum: Personal Investments
Topic: Portfolio Question - Retirement in Virginia
Replies: 11
Views: 863

Re: Portfolio Question - Retirement in Virginia

Nothing wrong with being as conservative as you need to be, if that is likely to meet your goals.

What do you think your expenses will be in retirement, and how will you cover them? If you supply that info, I think a lot of posters will probably have ideas about how you could go forward.
by mhadden1
Thu Feb 28, 2019 5:22 pm
Forum: Personal Investments
Topic: Portfolio Question - Retirement in Virginia
Replies: 11
Views: 863

Re: Portfolio Question - Retirement in Virginia

First let's talk about panic. What made you panic? Have you panicked before? Do you think you will panic again? Trade wars, China, Trump, inflated expensive stocks. I am planning to reinvest to a more conservative funds. Are you aiming for an asset allocation like below? 25% US stocks 10% Internati...
by mhadden1
Thu Feb 28, 2019 4:34 pm
Forum: Personal Investments
Topic: Portfolio Question - Retirement in Virginia
Replies: 11
Views: 863

Re: Portfolio Question - Retirement in Virginia

First let's talk about panic. What made you panic? Have you panicked before? Do you think you will panic again?
by mhadden1
Thu Feb 28, 2019 12:33 pm
Forum: Personal Investments
Topic: Want New Views On Investing Premises
Replies: 5
Views: 472

Re: Want New Views On Investing Premises

Regarding retirement saving - I think Bogleheads would mostly agree that if you can save enough, invest in inexpensive index funds with an asset allocation you can tolerate, and stay the course, then your chances of success are as good as they can be. Don't worry too much about premises and first pr...
by mhadden1
Thu Feb 28, 2019 12:49 am
Forum: Personal Investments
Topic: Great Goofs
Replies: 47
Views: 4857

Re: Great Goofs

In the mid 80s I worked at an engineering company and I thought my employer was a pretty savvy guy. I noticed that he got involved in a publicly traded cable tv construction company so I bought some shares. I told my employer about my buy at the company picnic - he looked worried and said "never inv...
by mhadden1
Wed Feb 27, 2019 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: thinking about un-retiring
Replies: 45
Views: 8579

Re: thinking about un-retiring

About a year after I retired, DemiMegaTech wanted me to work a contract for some legacy software I knew something about. I thought about it for a while; can hardly remember a time when I turned down a chance to make some money. I recalled that working with the legacy stuff wasn't that much fun. Ther...
by mhadden1
Wed Feb 27, 2019 2:57 pm
Forum: Personal Investments
Topic: Trying to help parents with retirement investing
Replies: 30
Views: 1476

Re: Trying to help parents with retirement investing

older one's IRA with Schwaab If you have a Schwab account already, Schwab has index funds appropriate for a three fund portfolio that are even cheaper than Vanguard. There is a wiki link about three fund portfolios with Schwab or other brokerages. Worth looking into if your parents end up wanting t...
by mhadden1
Wed Feb 27, 2019 2:42 pm
Forum: Personal Investments
Topic: Trying to help parents with retirement investing
Replies: 30
Views: 1476

Re: Trying to help parents with retirement investing

older one's IRA with Schwaab If you have a Schwab account already, Schwab has index funds appropriate for a three fund portfolio that are even cheaper than Vanguard. There is a wiki link about three fund portfolios with Schwab or other brokerages. Worth looking into if your parents end up wanting t...
by mhadden1
Wed Feb 27, 2019 2:31 pm
Forum: Personal Investments
Topic: Investing Dilemma (Index Funds Vs Individual Stocks Mirroring an Index)
Replies: 29
Views: 1521

Re: Broker Offering Parametric Portfolio to Track Index, Is this a stupid thing to do?

Which direction is likely to make the most money over the next 30-50 years. This parametric portfolio business at 1% or converting to a tax managed security/etf at .3-.5% or just an index fund? It's impossible to know what will make more money. But, the idea of a parametric portfolio, whatever the ...
by mhadden1
Wed Feb 27, 2019 1:37 pm
Forum: Personal Investments
Topic: bitcoin guy wants to stock market
Replies: 234
Views: 13755

Re: bitcoin guy wants to stock market

As you discovered earlier in this thread, YOU are the one most likely to do damage to your finances, so pick something simple and low-cost and forget about it. Pick an asset allocation somewhere between 30/70 and 70/30, own Vanguard Total US, Total International, and Total Bond. So true. It's not a...
by mhadden1
Wed Feb 27, 2019 1:17 pm
Forum: Personal Investments
Topic: Should I sell I-bonds to get 6.75% [in Pakistan bonds?]
Replies: 40
Views: 3727

Re: Should I sell I-bonds to get 6.75%

Pakistan itself has defaulted in the last two decades. See https://www.investopedia.com/articles/investing/102413/why-and-when-do-countries-default.asp . Other countries that have done it include Russia, Argentina, Greece. When you say "default", does that mean not paying the interest or not paying...
by mhadden1
Wed Feb 27, 2019 11:04 am
Forum: Personal Investments
Topic: Should I sell I-bonds to get 6.75% [in Pakistan bonds?]
Replies: 40
Views: 3727

Re: Should I sell I-bonds to get 6.75%

I-bonds pay the rate of inflation plus a small premium, so you are protected against unexpected inflation. It's the US government and US dollars, so, risk free. Treasuries for 3-5 years pay around 2.5% maybe, risk free. You have to decide how much extra risk you want to take to get the 6.75%. On the...
by mhadden1
Wed Feb 27, 2019 10:39 am
Forum: Personal Investments
Topic: Cash on Side Line, need help with clarity
Replies: 29
Views: 2307

Re: Cash on Side Line, need help with clarity

MotoTrojan wrote:
Mon Feb 25, 2019 8:59 pm
A tax-advantaged or taxable 5% risk free return simply does not exist today
We all wish there was better news about widely available risk-free return.
by mhadden1
Wed Feb 27, 2019 10:12 am
Forum: Personal Investments
Topic: 403b needs attention
Replies: 8
Views: 511

Re: 403b needs attention

vendors your employer has approved for the 403b 403B PROVIDERS Ameriprise Aspire through Edward Jones or Principal Financial American Fidelity AXA Equitable Galic Horace Mann Lincoln National Metlife Pacific Life Valic Voya With luck one of these providers will provide inexpensive index funds for y...
by mhadden1
Wed Feb 27, 2019 9:51 am
Forum: Personal Investments
Topic: Inheritance - Constructing a Tax Efficient Account
Replies: 10
Views: 1079

Re: Inheritance - Constructing a Tax Efficient Account

One approach would be to just use a Total Stock Market fund in the taxable account. Then you can adjust your asset allocation, if necessary, by buying bonds in your tax-advantaged accounts. I think that in particular the Vanguard TSM mutual fund and ETF have no capital gain distributions so you only...
by mhadden1
Wed Feb 27, 2019 2:30 am
Forum: Investing - Theory, News & General
Topic: What's the purpose of income limits on Roth IRA?
Replies: 25
Views: 2711

Re: What's the purpose of income limits on Roth IRA?

There is no income limit on a Roth IRA, just a more burdensome process to contribute to a Roth IRA if your income is too high. Given that backdoor Roth contributions are allowed, the income limit on contributing directly is obviously just a leftover of poorly written law, one that is unlikely to be...
by mhadden1
Wed Feb 27, 2019 2:27 am
Forum: Personal Investments
Topic: American Century mutual funds
Replies: 15
Views: 2006

Re: American Century mutual funds

Yes I could move to Vanguard, but I don’t want to move any accts until thecestate is closed. My understanding is that if you are the beneficiary, then the IRA is yours, and your actions are not constrained by estate issues. Particularly if the estate issues move slowly, you might want to verify tha...
by mhadden1
Wed Feb 27, 2019 1:55 am
Forum: Personal Investments
Topic: Edward J rep is not answering my Questions
Replies: 63
Views: 9914

Re: Edward J rep is not answering my Questions

OP, it is not your money. I know you mean well. But, tread lightly. Scenario: assets are moved to inexpensive index funds at another company to achieve a suitable AA, and universal BH acclaim. Markets go south, maybe by a lot, maybe for a while. Maybe the financial part of your father's brain under...
by mhadden1
Wed Feb 27, 2019 1:23 am
Forum: Personal Investments
Topic: 401k question
Replies: 9
Views: 593

Re: 401k question

whodidntante wrote:
Mon Feb 25, 2019 9:55 am
Increase your contributions now.
Yes. It may be hard to get HR cooperation to do anything else, anyway, even if allowed by law/your plan.
by mhadden1
Wed Feb 27, 2019 12:59 am
Forum: Investing - Theory, News & General
Topic: Peer to Peer (P2P) Lending - What are the realistic returns?
Replies: 30
Views: 3654

Re: Peer to Peer (P2P) Lending - What are the realistic returns?

Mr. Money Mustache started P2P lending a while (years?) back and has been reporting his strategies and results. As I recall the returns have been going down. Take a look at the MMM web site, probably useful information, YMMV I expect.
by mhadden1
Tue Feb 26, 2019 1:27 pm
Forum: Personal Investments
Topic: Fidelity 'managed' fee of 1.17% (retirement)
Replies: 21
Views: 2019

Re: Fidelity 'managed' fee of 1.17% (retirement)

Well, 1.17% is much better than 2.56% ( :shock: ) but IMO is still terrible. Follow the advice of others on this thread and pay much less in fees. For example, the Vanguard advisor service could easily get you down in the 0.4% range. A DIY approach could easily approach 0%.
by mhadden1
Thu Feb 21, 2019 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: Job Offer - 24 Hours to Decide?
Replies: 100
Views: 7894

Re: Job Offer - 24 Hours to Decide?

It is immature of them to give you a hard 24 hour deadline. I agree with your suggested approach. Tell them you will have made a decision within 72 business hours so they know what you are thinking. If they won’t grant that then they’re probably not folks you want to work for. What information will...
by mhadden1
Thu Feb 21, 2019 9:52 am
Forum: Personal Investments
Topic: Lump-sum capital - how to handle?
Replies: 7
Views: 568

Re: Lump-sum capital - how to handle?

StoneFeeler wrote:
Thu Feb 21, 2019 3:32 am

I like the idea of shifting the AA in a range between 60 (equity) / 40 (fixed) and 40/60, depending on the market situation (just a gut feel, don't know why these two boundary limits).
I would not suggest market timing, especially the gut-following variation.
by mhadden1
Thu Feb 21, 2019 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Tax mistake
Replies: 23
Views: 3072

Re: Tax mistake

Docc wrote:
Wed Feb 20, 2019 2:51 pm
I did not itemize; even though, I pay state taxes. I see no point given the AMT. Don’t care if this is foolish, not my concern at this time.
You lost my interest here.
by mhadden1
Wed Feb 20, 2019 9:22 pm
Forum: Personal Investments
Topic: New 401k has only FTHRX
Replies: 8
Views: 606

Re: New 401k has only FTHRX

I would use the 401k bond fund as much as necessary to get the right AA. While not great, I find it tolerable. I would use other tax-advantaged accounts to hold more optimal bond funds to the extent possible.
by mhadden1
Wed Feb 20, 2019 1:02 pm
Forum: Personal Investments
Topic: Moving from EJ to Vanguard
Replies: 28
Views: 3432

Re: Moving from EJ to Vanguard

I think you should move, but I think you should do it for the right reasons, and not necessarily because an account with EJ did better or worse than an account at Fido, The Bogleheads approach is to choose the asset allocation of stocks vs bonds for the portfolio that is likely to result in volatili...
by mhadden1
Tue Feb 19, 2019 10:58 am
Forum: Personal Investments
Topic: Help choosing 401k funds
Replies: 14
Views: 1038

Re: Help choosing 401k funds

Regarding asset allocation, a data point of interest might be the Vanguard 2035 target date fund, which appears to be right around 22% bonds.
by mhadden1
Tue Feb 19, 2019 9:53 am
Forum: Personal Consumer Issues
Topic: How Much Home Value Added by Finishing Basement?
Replies: 35
Views: 3039

Re: How Much Home Value Added by Finishing Basement?

Finished basement on non garage half would create 600 additional square feet of finished space. This will include a finished recreation room for children, entertainment tv room, pull out couch for additional guests. This space will also include a separate room with finished laundry room. You are un...
by mhadden1
Tue Feb 19, 2019 9:18 am
Forum: Personal Finance (Not Investing)
Topic: My Mortgage = Is it a problem?
Replies: 49
Views: 4069

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: 2834

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: 4598

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: 1009

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: 5852

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: 14
Views: 1599

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: 1076

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: 2285

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: 363

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: 707

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: 105
Views: 15030

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: 1366

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: 2206

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: 1314

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: 5541

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: 1048

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...