Search found 98 matches

by Detroittl
Wed Feb 03, 2016 7:16 pm
Forum: Personal Consumer Issues
Topic: Advice about a stop in Chicago
Replies: 52
Views: 7273

Re: Advice about a stop in Chicago

All areas mentioned are safe. Just big city normal cautions. IE don't talk on your phone with headphones on staring at the ground and you will be fine. Probably fine if you did that anyway ;)
by Detroittl
Wed Feb 03, 2016 7:13 pm
Forum: Personal Consumer Issues
Topic: Advice about a stop in Chicago
Replies: 52
Views: 7273

Re: Advice about a stop in Chicago

+1 peqouds. Take an uber it will run you about 8 dollars.
by Detroittl
Sun Jan 24, 2016 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: What would a Boglehead do? (CC Debt Dilemma)
Replies: 62
Views: 6079

Re: What would a Boglehead do? (CC Debt Dilemma)

1000 dollar emergency fund Get on a budget. You'll have a sense of clarity and maybe feel like you got a raise since you're authorizing yourself to spend in certain categories. If you're serious about paying this off I would totally stop all retirement contributions. MAYBE keep just enough for the m...
by Detroittl
Mon Jan 18, 2016 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone recently Refi home mortgage? Suggestions?
Replies: 20
Views: 2541

Re: Anyone recently Refi home mortgage? Suggestions?

Would anyone like to advise on my situation? 28 years left on a 353k balance. PMI of 118 a month with about 17 percent equity to loan amount. PMI would go away after about a year if I keep paying it down and IF it goes up in value another 2 percent or so. I am at 4.375 percent and can refi to about ...
by Detroittl
Fri Jan 15, 2016 12:56 am
Forum: Personal Finance (Not Investing)
Topic: How do I start budgeting?
Replies: 28
Views: 3718

Re: How do I start budgeting?

Assign every dollar a name using different categories at the beginning of the month. IE Rent and utilities 1500 Food and fun 1000 Car expenses 200 Vacation budget 200 Clothes 150 Etc etc Don't forget to start saving for big ticket items and future health expenses, glasses etc. I track using the note...
by Detroittl
Fri Jan 15, 2016 12:52 am
Forum: Personal Finance (Not Investing)
Topic: What's your company 401k contribution
Replies: 105
Views: 8776

Re: What's your company 401k contribution

5% and a pension. Going up to 10% in 2 years after 10 years of service.
by Detroittl
Mon Jan 11, 2016 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: How much to save?
Replies: 55
Views: 13056

Re: How much to save?

If you're counting gross for me it's 32 percent.
by Detroittl
Mon Jan 11, 2016 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: How much to save?
Replies: 55
Views: 13056

Re: How much to save?

53 percent of net if you count the employer match on 401k as well as tax refund. Hcol area. The 53 percent is mainly retirement funding but saving ahead for car expenses, housing maintainence and building up the emergency fund are in there as well as a future "splurge" fund for a big item ...
by Detroittl
Mon Jan 11, 2016 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off 2nd mortgage or car loan first?
Replies: 27
Views: 2142

Re: Pay off 2nd mortgage or car loan first?

What's your annual income?

I would lean towards selling the car and getting into a 10k dollar car until the 2nd mortgage is paid off.

If you don't it is very unlikely you'll ever get ahead. Trapped in the payments cycle...
by Detroittl
Fri Jan 08, 2016 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Refi mortgage
Replies: 3
Views: 698

Refi mortgage

The math seems to work. Any downside to refinancing? 28 years left on a 30 year at 4.375 percent. About 17 percent equity if I refi. This will save me about 110 a month on interest and pmi (the pmi would have disappeared entirely after 5 more years) I could also bring about 10k to the table and kill...
by Detroittl
Wed Jan 06, 2016 6:25 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 2666
Views: 266493

Re: Netflix, Your Current Favorite Show

Making a murderer. Best documentary I have seen in years.
by Detroittl
Tue Jan 05, 2016 12:21 am
Forum: Personal Investments
Topic: Ivv for s and p 500 fund
Replies: 5
Views: 980

Re: Ivv for s and p 500 fund

Schwab

Rsp looks similar and is commission free but has a .40 percent expense ratio
by Detroittl
Mon Jan 04, 2016 11:27 pm
Forum: Personal Investments
Topic: Ivv for s and p 500 fund
Replies: 5
Views: 980

Ivv for s and p 500 fund

Bogleheads:

Any downside to investing in Ivv for my s and p 500 piece of my portfolio?

I'm thinking 60 percent Ivv
20 percent bnd
Maybe 20 percent total international fund - not sure which one to get.

TL
by Detroittl
Thu Dec 31, 2015 2:29 pm
Forum: Personal Investments
Topic: Roll Call for Tax-Loss Harvesting Class of 2015
Replies: 62
Views: 5374

Re: Roll Call for Tax-Loss Harvesting Class of 2015

As I shift to boglehead portfolio I sold some individual equities that were down. If they are down much more ill pick up a little more but in the meantime I'm switching to index funds.
by Detroittl
Mon Dec 28, 2015 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: How do you carry over capital gains losses?
Replies: 10
Views: 1330

Re: How do you carry over capital gains losses?

Thanks everyone. How to makes sense.
by Detroittl
Mon Dec 28, 2015 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: How do you carry over capital gains losses?
Replies: 10
Views: 1330

Re: How do you carry over capital gains losses?

That sounds easy enough. So you basically just account for however much of the realized loss you choose each year until it reaches zero or you're dead?
by Detroittl
Mon Dec 28, 2015 2:02 pm
Forum: Personal Consumer Issues
Topic: Uber vs Lyft
Replies: 15
Views: 3018

Re: Uber vs Lyft

quantAndHold wrote:Does Lyft still require a Facebook account?

Nope.
by Detroittl
Mon Dec 28, 2015 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: How do you carry over capital gains losses?
Replies: 10
Views: 1330

How do you carry over capital gains losses?

How do you carry over losses if you have more than 3k realized? A friend just took a $3000 loss and was asking for help. Any advice? How complicated is it?
by Detroittl
Mon Dec 28, 2015 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: What is your savings rate?
Replies: 146
Views: 21220

Re: What is your savings rate?

I consider net everything I bring home after payroll taxes. Saving plan is 29 percent in 2016. Saved 20 percent in 2015 but income going up next year and taxes going down in Illinois. 2014 was pitiful because I bought a home and furniture etc. My goal is 50 percent of take home to be able to do what...
by Detroittl
Fri Dec 18, 2015 4:08 pm
Forum: Personal Investments
Topic: VFORX in any brokerage account
Replies: 1
Views: 274

VFORX in any brokerage account

Dumb question:

Any advantages in buying a vanguard target fund in an account at vanguard? I have another brokerage...
by Detroittl
Fri Dec 18, 2015 3:23 pm
Forum: Personal Investments
Topic: Emergency fund investing
Replies: 41
Views: 5576

Re: Emergency fund investing

Thank you everyone. This was very helpful and changed my perspective on EF needs. My "Stages" now look like this: STAGE ONE: $1000 EF and paying down mortgage to eliminate PMI. (That will actually lower EF requirements a bit since monthly expenses will go down). STAGE TWO: 6 mos living ex...
by Detroittl
Mon Dec 14, 2015 11:10 pm
Forum: Personal Finance (Not Investing)
Topic: Always max out retirement? (Even when your max is high)
Replies: 14
Views: 2965

Re: Always max out retirement? (Even when your max is high)

I think the number one factor here to consider is how much you will be spending per year in retirement and plan to get to a number that supports that. As far as pensions I wouldn't "count on" the total amount.
by Detroittl
Sat Dec 12, 2015 2:34 pm
Forum: Personal Consumer Issues
Topic: Holiday tipping: letter carriers
Replies: 120
Views: 13354

Re: Holiday tipping: letter carriers

Fast food is the hardest job I've ever had, and I had a paper route.

Mailmen typically don't get grease burns on their arms and run around like crazy. Have you ever seen or had to clean a grease trap?
by Detroittl
Thu Dec 10, 2015 1:15 am
Forum: Personal Finance (Not Investing)
Topic: Is the first 100k really the hardest?
Replies: 170
Views: 58868

Re: Is the first 100k really the hardest?

Your investment balance grows from new contributions and growth on those investments. $100 to $200. +100% $200 to $300. +50% $300 to $400. +33.3% $400 to $500. +25% $500 to $600. +20% $600 to $700. +16.6% $700 to $800. +14.3% $800 to $900. +12.5% $900 to $1,000. +11.1% Generally in the early years ...
by Detroittl
Tue Dec 08, 2015 3:01 am
Forum: Investing - Theory, News & General
Topic: Fear of Bonds...what to do?
Replies: 56
Views: 8248

Re: Fear of Bonds...what to do?

I've tried to stop paying attention to noise and i too have increased my allocation to bonds over the last few months and plan to do a lot more end of this month no matter what.
by Detroittl
Mon Dec 07, 2015 12:03 am
Forum: Personal Finance (Not Investing)
Topic: Net Worth -- Salary Ratio at age 30, 35, 40 if plan to retire at 55?
Replies: 17
Views: 5616

Re: Net Worth -- Salary Ratio at age 30, 35, 40 if plan to retire at 55?

Thanks. Yep I factored in about 25 times spending and I need about 10x CURRENT salary. I know its all about spending though :) Taxes and pensions change that. So do health insurance needs and additions to the family etc. in flux... Thanks. Now I know my "current" number based on projected ...
by Detroittl
Sun Dec 06, 2015 11:55 pm
Forum: Personal Finance (Not Investing)
Topic: Net Worth -- Salary Ratio at age 30, 35, 40 if plan to retire at 55?
Replies: 17
Views: 5616

Re: Net Worth -- Salary Ratio at age 30, 35, 40 if plan to retire at 55?

Great point. I should have said assuming you want to spend based on current salary. I know none of this can be controlled. Just looking for a rule of thumb (if there is one). I have read articles from 1x to 2x at 30 etc.

All noise probably. I am thinking a 3 percent withdrawal rate at 55.
by Detroittl
Sun Dec 06, 2015 11:48 pm
Forum: Personal Finance (Not Investing)
Topic: Net Worth -- Salary Ratio at age 30, 35, 40 if plan to retire at 55?
Replies: 17
Views: 5616

Net Worth -- Salary Ratio at age 30, 35, 40 if plan to retire at 55?

Any general recomendations on reccomended total net worth needed at those ages if you plan to retire at 55? I was at: 50 percent net worth of total salary at 30 (majority in tax deferred IRA) 135 percent at 35 (almost doubled salary towards 35 since 30 -- most in tax deferred, rest home equity and t...
by Detroittl
Sun Dec 06, 2015 11:12 pm
Forum: Personal Investments
Topic: AGRBX Equivalent - 1.4% FEE!
Replies: 6
Views: 945

Re: AGRBX Equivalent - 1.4% FEE!

Thanks everyone. I am converting next week.
by Detroittl
Sun Dec 06, 2015 11:02 pm
Forum: Investing - Theory, News & General
Topic: What would you estimate for return?
Replies: 28
Views: 3710

Re: What would you estimate for return?

Last 7 years I averaged 10 percent per year. Last 5 years 6 percent per year.
by Detroittl
Sun Nov 22, 2015 11:33 pm
Forum: Personal Finance (Not Investing)
Topic: Online CD rates
Replies: 3
Views: 1029

Online CD rates

Thanks in advance... What are the best online bank CD rates out there? Any risk with these online banks??
by Detroittl
Sun Nov 22, 2015 4:42 pm
Forum: Personal Investments
Topic: Emergency fund investing
Replies: 41
Views: 5576

Re: Emergency fund investing

Thank you everyone. This was very helpful and changed my perspective on EF needs. My "Stages" now look like this: STAGE ONE: $1000 EF and paying down mortgage to eliminate PMI. (That will actually lower EF requirements a bit since monthly expenses will go down). STAGE TWO: 6 mos living exp...
by Detroittl
Sun Nov 22, 2015 4:31 pm
Forum: Personal Investments
Topic: AGRBX Equivalent - 1.4% FEE!
Replies: 6
Views: 945

Re: AGRBX Equivalent - 1.4% FEE!

Whatever I choose. It's a rollover. I've bought ivv before.
by Detroittl
Sun Nov 22, 2015 4:14 pm
Forum: Personal Investments
Topic: AGRBX Equivalent - 1.4% FEE!
Replies: 6
Views: 945

AGRBX Equivalent - 1.4% FEE!

I am new to bogleheads after reading the "Bogleheads' Guide to Investing' this summer (I actually bought it as a gift for a few friends who like to talk investments). I've converted the brokerage and Ira. I have a Roth with one fund and it's the "American Growth Fund" - AGRBX - b shar...
by Detroittl
Sun Nov 22, 2015 12:41 am
Forum: Investing - Theory, News & General
Topic: What would you estimate for return?
Replies: 28
Views: 3710

Re: What would you estimate for return?

Dave Ramsey quotes 12 percent s and p 500 nominal gain on average. That's a really long timeline (almost 100 years). What would the real return be after inflation even with that long timeline? I believe 9 percent?
by Detroittl
Sat Nov 21, 2015 10:43 pm
Forum: Personal Finance (Not Investing)
Topic: Is the first 100k really the hardest?
Replies: 170
Views: 58868

Re: Is the first 100k really the hardest?

Ten years for me.

Higher income and owning my home were top two drivers.
by Detroittl
Sun Nov 15, 2015 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Guidance for first time homebuyer
Replies: 15
Views: 2455

Re: Guidance for first time homebuyer

I went through this process almost two years ago. 1. Location, location, location. After you determine your needs and must haves decide on boundaries within the city where you want to live. You could have everything you want in amenities but if it's not a desirable location you'll be miserable. 2. G...
by Detroittl
Fri Oct 30, 2015 7:17 am
Forum: Personal Investments
Topic: Emergency fund investing
Replies: 41
Views: 5576

Re: Emergency fund investing

For your emergency fund you want something safe and boring. I'd say your cash and AGG bonds fit that description. So by my reckoning your emergency fund is really 85% of 10 months... i.e 8 1/2 months. The other 15% (gold, oil, currencies, stocks) can't be counted on in an emergency. Unless you have...
by Detroittl
Fri Oct 30, 2015 7:13 am
Forum: Personal Investments
Topic: Emergency fund investing
Replies: 41
Views: 5576

Re: Emergency fund investing

Hi Detroit, 75% cash 5% gold 3% oil 2% currencies (various) 10% AGG (bonds) 5% play money stocks and index funds. In a real emergency, it may be inconvenient to be dealing with six accounts. Would your spouse or children be able to figure where did you put the Swiss Francs or if the gold was in ETF...
by Detroittl
Fri Oct 30, 2015 7:10 am
Forum: Personal Investments
Topic: Emergency fund investing
Replies: 41
Views: 5576

Re: Emergency fund investing

" employment is not that stable and my earnings could go down dramatically if I need to change jobs. + I have a big mortgage at 4.375% and PMI ." Sounds exciting! Well the mortgage isn't that big even relative to my potentially lower earnings. I've deciding I am getting rid of PMI. I'll n...
by Detroittl
Fri Oct 30, 2015 6:47 am
Forum: Personal Investments
Topic: Emergency fund investing
Replies: 41
Views: 5576

Re: Emergency fund investing

The currency and oil and gold seems like a waste of time and expenses. In all seriousness was just thinking of a small amount in a currency fund (no idea which one) but the fees and commissions aren't worth it for such a small amount. Oil and gold too for a true emergency fund. I've decided a better...
by Detroittl
Wed Oct 28, 2015 10:32 pm
Forum: Personal Investments
Topic: Emergency fund investing
Replies: 41
Views: 5576

Emergency fund investing

I have learned the rule of thumb is 3 - 6 months in cash emergency funds. I have been working towards about 10 since my employment is not that stable and my earnings could go down dramatically if I need to change jobs. What do you think of having this allocation in the fund?: 75% cash 5% gold 3% oil...
by Detroittl
Sun Sep 27, 2015 6:33 pm
Forum: Personal Investments
Topic: 2nd Home as Vacation Home Pros and Cons
Replies: 17
Views: 2351

2nd Home as Vacation Home Pros and Cons

I'm considering purchasing a second home to use as a vacation property in Michigan. I'll be putting a small amount down and mortgaging the difference over 15 years. I'm also intending on doing this with a good friend who is an attorney and will write up our contract (who gets what when we sell, time...
by Detroittl
Sun Sep 27, 2015 6:27 pm
Forum: Personal Consumer Issues
Topic: Men's dress shirts - Charles Tyrwhitt shirts on sale for $29
Replies: 34
Views: 17484

Re: Men's dress shirts - Charles Tyrwhitt shirts on sale for $29

I've found they run smaller and aren't as high of quality as most name brand shirts.

However the customer service is great and you'll be wearing something unique and new.
by Detroittl
Sun Sep 27, 2015 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey
Replies: 54
Views: 21134

Re: Dave Ramsey

This is all very very helpful. I ordered the "Automatic Investor" book. I also am checking out everydollar.

Sorry for the long delay, this was my first post and I didn't have "notify me when someone replies" checked. Beginners mistake.

Thanks everyone.
by Detroittl
Wed Jun 10, 2015 12:22 am
Forum: Personal Consumer Issues
Topic: Men's dress shirts - Charles Tyrwhitt shirts on sale for $29
Replies: 34
Views: 17484

Re: Men's dress shirts - Charles Tyrwhitt shirts on sale for $29

I've bought some and they are ok. Subpar quality compared to most vendors at Nordstrom and saks etc. even with a measured fit they run small though. Great customer service.
by Detroittl
Wed Jun 10, 2015 12:18 am
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey
Replies: 54
Views: 21134

Dave Ramsey

I was already following a version of his envelope system on my own. Success stories? Any better way? (Ps I wasn't using cash just documenting everything - basically giving an intent to every dollar in my checking before it lands in checking).