Search found 8522 matches

by Spirit Rider
Mon Aug 09, 2010 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Should my son pay me rent, utilities, etc...?
Replies: 124
Views: 12867

I realize I'm of a different generation, but I paid my father room and board in the amount of 25% of my take home pay. He had a basic rule, if you were going to college (allocating 50% to college costs) you didn't have to pay anything. However, if you didn't go to college you had to pay the 25%. Als...
by Spirit Rider
Mon Aug 02, 2010 8:40 pm
Forum: Investing - Help with Personal Investments
Topic: Best individual/solo/self-employed 401k provider
Replies: 18
Views: 7022

T. Rowe Price

One additional option might be T. Rowe Price. They do have Roth 401k option. However, I do not know if they allow rollovers from a 401k.
by Spirit Rider
Mon Aug 02, 2010 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: Is this just more fancy marketing for a whole life policy?
Replies: 14
Views: 2363

Re: Is this just more fancy marketing for a whole life polic

Hello everyone! I just joined the Bogleheads board to seek some sagely advice. . . . I've been in contact with an agent from Northwest Mutual Financial Network who has been heavily pushing a policy that I'm pretty sure is mostly fancy marketing, but lack the education to understand completely. We'v...
by Spirit Rider
Mon Jul 26, 2010 10:46 pm
Forum: Personal Consumer Issues
Topic: Quebec City: Obnoxious Tourist Trap?
Replies: 15
Views: 3372

I have made over twenty trips to Quebec City over the last twenty years. I have noticed an increase in what I will call "Jamaica Syndrome". This is where the local population has a thinly veiled comtempt for the tourists they depend on. Whatever platitudes are given are really just a means to fleece...
by Spirit Rider
Mon Jul 26, 2010 10:32 pm
Forum: Investing - Help with Personal Investments
Topic: Pay estimated taxes on one-time capital gain event?
Replies: 12
Views: 16957

The simplest and most effective method is to use the withholding safe harbor. 1. If this is a one time event and your income not counting this event is similar to last year, this is fairly easy. Just ensure that your withholding this year is at least 100% (110% if AGI > 150K) of your tax liability f...
by Spirit Rider
Fri Jul 23, 2010 6:00 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Look Alikes
Replies: 7
Views: 4974

I agree with retiredjg. You could look at Fidelity Balanced Fund or Fidelity Puritan Fund are both 60/40. If your goal was to mix them equally to get a 50/50 allocation there is Fidelity Asset Manager 50%. However, why not do your own asset allocation with Fidelity Index Funds: Spartan International...
by Spirit Rider
Thu Jul 22, 2010 5:36 pm
Forum: Personal Consumer Issues
Topic: Should I accept PenFed's preapproved offer to raise limit?
Replies: 15
Views: 3982

Increased credit limit can only help your FICO score. Per Fair Isaac, two components of credit limit affect your score. First, utilization (per card and aggregate). Increased credit limit will reduce your aggregate utilization. This is assuming that the credit issuer "reports" the credit limit and n...
by Spirit Rider
Wed Jul 21, 2010 10:41 am
Forum: Personal Consumer Issues
Topic: TimeShares - Vacation. What are the great deals out there?
Replies: 16
Views: 3955

You can add timeshares to the old adage about "airplanes, boats, and women". "The two happiest days in a man's life - the day they get them, and the day they get rid of them" :lol: :lol: :lol: - Ron I should add YMMV to the last item. I'm just referring to personal experience. This is a case where ...
by Spirit Rider
Wed Jul 21, 2010 10:30 am
Forum: Personal Consumer Issues
Topic: TimeShares - Vacation. What are the great deals out there?
Replies: 16
Views: 3955

You can add timeshares to the old adage about "airplanes, boats, and women".
by Spirit Rider
Wed Jul 21, 2010 9:06 am
Forum: Forum Issues and Administration
Topic: Please get rid of polls
Replies: 28
Views: 4090

xerty24 wrote:I've got this great "Ignore" feature for polls. If you see a thread title that starts with "Poll: ....", you don't click on it. Works for threads started by users you don't like too.
+1000
by Spirit Rider
Mon Jul 12, 2010 1:18 pm
Forum: Investing - Theory, News & General
Topic: Best to take SS at age 62
Replies: 61
Views: 7318

Postponing SS till 70 to maximize COLA'd annuitization could be an optimum plan depending on other assets. Break-even age is not necessarily a dominant factor . The plan can only be optimized knownng all sources of retirement funding. A model like i-ORP looks at this, I believe. I would like to fol...
by Spirit Rider
Fri Jul 02, 2010 12:39 pm
Forum: Investing - Theory, News & General
Topic: The first TIPS auction - would have, could have, should have
Replies: 48
Views: 5595

Maybe it wasn't that TIPS were obvious. However, when you had 30-year TIPS with a real yield over 4% in the first quarter of 2000. Every person who was retired should have considered 100% of them in their tax advantaged accounts. You could have had a 100% guaranteed inflation adjusted 4% withdrawl r...
by Spirit Rider
Thu Jul 01, 2010 11:26 pm
Forum: Investing - Theory, News & General
Topic: The first TIPS auction - would have, could have, should have
Replies: 48
Views: 5595

All I was doing was trying to explore this issue further. I think some of the comments I made contributed to the discussion. And if you would actually read and understand what I was writing, maybe you would see that. I do not feel embarrassed. I feel more like I was wasting my time on a forum with ...
by Spirit Rider
Thu Jul 01, 2010 1:13 pm
Forum: Investing - Theory, News & General
Topic: 10 year TIPS auction 7/8/10
Replies: 7
Views: 1314

The coupon is established by the Treasury for each auction. This is the yield at "par". Then the auction establishes the actual price and therefore the effective yield. The coupon is paid on the par value regardless of the market value/
by Spirit Rider
Wed Jun 30, 2010 10:33 pm
Forum: Investing - Help with Personal Investments
Topic: Heard anything on Ally Banks interest rates being too high?
Replies: 17
Views: 3247

Ally's rates are not even that high. There are at least a dozen banks/credit unions with higher CD rates and money market rates.
by Spirit Rider
Wed Jun 30, 2010 9:38 am
Forum: Investing - Help with Personal Investments
Topic: Heard anything on Ally Banks interest rates being too high?
Replies: 17
Views: 3247

Have Bogleheads become the rate police? Waaaah, Ally is 0.12% above the 5 year cap, waaah. Lets all go tattletale.
by Spirit Rider
Tue Jun 29, 2010 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: Bonds for a new baby?
Replies: 10
Views: 2178

Mine are all Chief Joseph, still one of my heroes. A quick suggestion for the OP. This is assuming you decide to buy savings bonds for your grandchild. Most people use the default option which is to defer taxes. Consider having the parents select to be assessed the tax yearly. This way the tax liabi...
by Spirit Rider
Mon Jun 28, 2010 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Anyone with experience buying at foreclosure auction?
Replies: 23
Views: 4177

I don't have any experience in this housing crash. However, twenty years ago during the housing crash in the Northeast, I tried buying property at foreclosure auctions. Almost all of the properties had notes exceeding their value. The bidding would start low and end low. People would think they were...
by Spirit Rider
Sun Jun 27, 2010 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Transferring assets from parents to children
Replies: 33
Views: 7979

To the person suggesting to use life insurance. It is good that your in-laws are planning to self-fund. However, if they run out of money and have to go on Medicaid or for all the other people going on medicaid there are problems. 1. They will not have the money to pay the premiums on any policies s...
by Spirit Rider
Sun Jun 20, 2010 11:48 pm
Forum: Investing - Theory, News & General
Topic: Passive Investors should Flock to Fidelity?
Replies: 22
Views: 7628

This discussion reminds me of people rate chasing to find the optimal interest rate for their cash positions. It is a lot of noise and fury for much to do about nothing. Vanguard, Fidelity, Schwab, and Wells Fargo each have their advantages and disadvantages. An investor is well served by using any ...
by Spirit Rider
Tue Jun 15, 2010 6:58 pm
Forum: Investing - Help with Personal Investments
Topic: Is this a good investment?
Replies: 5
Views: 1286

From InvestingInBonds.com -- Interest income from securities issued by U.S. territories and possessions—Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa and the Northern Mariana Islands—is exempt from federal, state and local income taxes in all 50 states. Unfortunately, for the rest of us...
by Spirit Rider
Tue Jun 15, 2010 12:50 am
Forum: Investing - Help with Personal Investments
Topic: Questions about UTMA accounts.
Replies: 11
Views: 2623

Usually, the recommendation in these cases is to try and find an amicable(non-legal) resolution of these UTMA conflicts. As you might be aware this could cause significant and long-lasting estrangements in the family with various relative taking sides. One thing you should be aware of, is that custo...
by Spirit Rider
Fri Jun 11, 2010 11:36 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security, single woman collect at 66 or wait til 70?
Replies: 28
Views: 4351

You really sound like you have a good handle on the issues. It is really a case of what are your personal circumstances and preferences. While a detailed specific financial analysis can be done, for most people it ends up being an analysis of general points. Listed in no particular order. Necessity:...
by Spirit Rider
Tue Jun 08, 2010 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: Custodian Account
Replies: 39
Views: 6438

One thing to keep in mind. UGMA/UTMA custodial accounts are the property of the child. Any funds deposited are an IRREVOCABLE gift. You would suprised at the number of times the parents think distribution is optional. They might/might not have had good intentions. However, when the child approaches ...
by Spirit Rider
Mon Jun 07, 2010 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Self employed needing retirement funding advice
Replies: 9
Views: 1505

If you are just starting out I wouldn't let possible future employees stop you from starting a solo 401k now. There are three exceptions that might allow you to exclude future emplyees. 1. Under 21. 2. Less than one year of service. 3. less than 1000 hours/yr. Only when all of these are not true wou...
by Spirit Rider
Mon Jun 07, 2010 9:14 pm
Forum: Personal Consumer Issues
Topic: "Destination" weddings? Indulgent or good idea?
Replies: 67
Views: 8889

I for one find these extermely selfish, self indulgent, and presumptive. Anyone who would subject their family and friends to this dilema are truely narcissists. You force people to spend large amounts of money for your benefit. In many cases they don't have any choice because they know how they wou...
by Spirit Rider
Mon Jun 07, 2010 9:07 pm
Forum: Personal Consumer Issues
Topic: Checking IDs in a bar
Replies: 15
Views: 4898

I actually work for a company that makes identity identification systems. Depending on the type and size of the equipment driver's licenses, IDs, passports, etc... are read. Our systems identify the document type, exetract the data, and authenticate the security features. Our software does not retai...
by Spirit Rider
Tue Jun 01, 2010 8:56 pm
Forum: Investing - Help with Personal Investments
Topic: If my wife works per diem, can she open a SEP IRA?
Replies: 8
Views: 3034

Per diem nurses are almost always paid on W2s. What you are talking here is frequency and certainty of employment. However, the nurses are still employees. Per diem nuses would fit none of the IRS rules for being paid as contractors. They fail more than half of the IRS 20 rules. So I doubt she will ...
by Spirit Rider
Tue Jun 01, 2010 8:48 pm
Forum: Personal Consumer Issues
Topic: Why do you donate (or not) to charity?
Replies: 68
Views: 8154

I give a significant amount of money to the deacon's fund at the church a few hundred yards from my house. I'm don't go to that church. However, I know the pastor and we have very similar philosophies about helping those that help themselves. The deacon's fund is a discretionary charitable fund that...
by Spirit Rider
Wed May 26, 2010 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: Speeding Up a 401(k) Rollover
Replies: 20
Views: 3477

Remember that these time estimations are to cover them. I recently did a 401k -> IRA rollover. I had quotes of two-three weeks on the front end and one week on the back end. It ended up taking one week total from when I faxed the form until it was in the destination account. One difference was I cal...
by Spirit Rider
Tue May 25, 2010 9:24 am
Forum: Investing - Help with Personal Investments
Topic: Young Investor - Emergency Fund vs. Roth
Replies: 9
Views: 1881

There is no simple answer here. As always it depends. Are you single? If married, do you have children? If married, does you wife work? How stabile is your income? These all matter because the "emergency fund" is not a monolithic thing. It has use for a variety of scenarios. Unexpected vehicle repai...
by Spirit Rider
Thu May 13, 2010 7:10 pm
Forum: Investing - Help with Personal Investments
Topic: TIPS questions
Replies: 9
Views: 1959

Since about this time last year, you can buy treasuries, including TIPS in $100 increments.
by Spirit Rider
Thu May 13, 2010 6:59 pm
Forum: Personal Consumer Issues
Topic: How used a car should I buy?
Replies: 75
Views: 7726

One option is to look for 3 year old cars coming off leases. Leases usually have a 12,000 mile allowance, with 15 cents/mile after that. So they tend to have 25K-35K miles. People are right that they don't depreciate as much as you might think. However, you should still be able to get a decent deal....
by Spirit Rider
Thu Apr 29, 2010 7:40 am
Forum: Personal Consumer Issues
Topic: How many Bogleheads have spent a night in jail or prison?
Replies: 53
Views: 9414

Some of us recognize that some things should not be admitted to in a public forum. Don't assume your posts are truely anonymous. That said, I know a "friend" who knew a "friend" that "might" have spent some time in the protective detention of the SP (Navy Shore Patrol). Don't remember why, for that ...
by Spirit Rider
Thu Apr 29, 2010 2:01 am
Forum: Personal Consumer Issues
Topic: ClearType problem
Replies: 3
Views: 926

Do you have the display set to the native size of the LCD. Many times people set their display sizes lower than the native size of the LCD. They do this because they like larger text display. This should really be done buy changing the font resolution on the display. The reason why this causes probl...
by Spirit Rider
Thu Apr 29, 2010 1:49 am
Forum: Personal Consumer Issues
Topic: If selling car... bluebook, test drive, payment, ?
Replies: 10
Views: 1913

You can advertise Kelly Bluebook prices. However, in my area their pricing is ridiculously greater than the prevailing sale prices. I think of them as high "advertized" rates and would never pay anything approaching them. Now you will maybe get some people who don't know any better and will pay KBB ...
by Spirit Rider
Thu Apr 29, 2010 1:32 am
Forum: Personal Finance (Not Investing)
Topic: Ally Bank = GMAC
Replies: 39
Views: 7486

Re: Your basic premise is worng

Their rates are not that high. In fact there are 10-12 online banks that have higher rates. Compare them to Discover bank they are very comparable. They are both fairly large online banks. Ally (Online Savings = 1.29%, 1yr CD = 1.49%) Discover (Online Savings = 1.35%, 1yr = 1.49%) I bank with Ally ...
by Spirit Rider
Tue Apr 27, 2010 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank = GMAC
Replies: 39
Views: 7486

Your basic premise is worng

Their rates are not that high. In fact there are 10-12 online banks that have higher rates. Compare them to Discover bank they are very comparable. They are both fairly large online banks.

Ally (Online Savings = 1.29%, 1yr CD = 1.49%)
Discover (Online Savings = 1.35%, 1yr = 1.49%)
by Spirit Rider
Tue Apr 27, 2010 4:25 pm
Forum: Investing - Help with Personal Investments
Topic: Grandpa wants to invest $3,000 in an IRA for Grandchild
Replies: 27
Views: 2997

What is the youngest age at which a person can be employed? The Fair Labor Standards Act (FLSA) sets 14 as the minimum age for most non-agricultural work. However, at any age, youth may deliver newspapers; perform in radio, television, movie, or theatrical productions; work in businesses owned by th...
by Spirit Rider
Tue Apr 27, 2010 11:02 am
Forum: Personal Finance (Not Investing)
Topic: e-Bill Pay: how do you handle this?
Replies: 36
Views: 9907

No harm in allowing a biller access to your account. If you send them a check you are in essence giving them access to your account. You give them the routing number and account number. If they were going to do something malicious through ACH that is all they need. The point still stands. Once you ...
by Spirit Rider
Tue Apr 27, 2010 10:17 am
Forum: Investing - Help with Personal Investments
Topic: Where to put an emegency fund?
Replies: 12
Views: 2458

Would I bonds work for part of the fund? Aren't they easily sold at any point with just a small loss in interest in the first year? Yes, my 'emergency' emergency fund is in iBonds. they are '98-'02 so they are cashable without penalty. However, since they are too valuable now, I have a 'normal' eme...
by Spirit Rider
Mon Apr 26, 2010 6:28 pm
Forum: Personal Consumer Issues
Topic: Do you take power naps?
Replies: 25
Views: 3217

I take naps when they are almost involuntary. When I'm dozing off in front of the computer, I will just tuck my chin into my chest and not fight it. They usually last 10-30 minutes. Unless the guys notice and have some fun like slamming a book shut or make some other loud noise. They tend to be rand...
by Spirit Rider
Sun Apr 25, 2010 10:11 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard TIPS or TreasuryDirect TIPS?
Replies: 20
Views: 3601

Each has pros and ccons

I use Treasury Direct for buying all treasuries at auction that I intend to hold to maturity. I especially like that I can set up recurring sceduled purchases. You can't beat an expense ratio of 0% and you can fine tune the durations yourself. I use Vanguard for an TIPS index fund and Fidelity for g...
by Spirit Rider
Tue Apr 06, 2010 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Include your SS number on your IRS check???
Replies: 32
Views: 30536

Check21 for everone else but the IRS

I just got back the cleared check from the feds for taxes I paid and in a stamp on the back, you can clear see my SS#. I don't think not writing on the front makes any difference. I would like to say this suprises me, It does not. However, I was going to respond that having the ss# on the check sho...
by Spirit Rider
Mon Mar 29, 2010 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Transfer On Death ... good for bank accounts etc ?
Replies: 11
Views: 3475

You can even do transfer on death of real property in the following states: Arizona, Arkansas, Colorado, Kansas, Missouri, Minnesota, Montana, Nevada, New Mexico, Ohio, Oklahoma, and Wisconsin. It may be called a transfer on death deed or beneficiary deed. In 2009 the UNIFORM REAL PROPERTY TRANSFER ...
by Spirit Rider
Mon Mar 29, 2010 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Toyota Camry or Corolla Purchase
Replies: 59
Views: 11091

Re: 2 Corollas and 1 Chevy Prism. Never buy a Prism.

The Prizm and Corolla were the same car, built on the same assembly line with the same drive train but with minor cosmetic and trim level differences. The fact that the identical Corolla sold for an extra $1000 to $1500 indicates the value of a brand name to the consumer. The Prism and Corolla Are ...
by Spirit Rider
Sun Mar 14, 2010 9:54 pm
Forum: Investing - Help with Personal Investments
Topic: Trust Benificiary Taxes Due??
Replies: 5
Views: 911

Were you the beneficiary of the your aunt's estate or beneficiary of a trust. If a trust, was the trust in existance prior to death or funded from your aunt's estate. There is a difference between all these scenarios. In the former case you should have received a copy of the will and communications ...
by Spirit Rider
Sun Mar 14, 2010 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA and RMDs in Asset Allocation
Replies: 5
Views: 1192

Think of it as a general asset location advantage. Within your overall asset allocation, strive to keep your lower return assets in accounts with taxable RMDs. With it being such a significant portion of your portfolio, you will have to have other assets besides short term bond funds. However, you s...
by Spirit Rider
Sun Mar 14, 2010 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Buy a car with 4000 miles on it?
Replies: 27
Views: 7614

One thing you should consider is that there is 8-12% markup(depending on manufacturer) on new cars. This includes holdbacks but not any rebates or other incentives. However, there is generally a "much" higher markup on used vehicles. The dealer wants to make thousands on this sale. You should want h...
by Spirit Rider
Sat Mar 13, 2010 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401K Contribution Limit
Replies: 7
Views: 2881

One follow-up question: How does this affect taxable (self-employment) income? Does this reduce taxable income by 8k i.e. 43,000 - 8,000 - any business expenses? As always with the tax code "Yes, but!" It is always the details that matter. MarkNYC is correct about the dates and snettles is correct ...