Bogleheads.org

Detroittl

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

Detroittl

+1 peqouds. Take an uber it will run you about 8 dollars.

Detroittl

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...

Detroittl

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 ...

Detroittl

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...

Detroittl

5% and a pension. Going up to 10% in 2 years after 10 years of service.

Detroittl

If you're counting gross for me it's 32 percent.

Detroittl

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 ...

Detroittl

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...

Detroittl

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...

Detroittl

Making a murderer. Best documentary I have seen in years.

Detroittl

Schwab

Rsp looks similar and is commission free but has a .40 percent expense ratio

Detroittl

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

Detroittl

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.

Detroittl

Thanks everyone. How to makes sense.

Detroittl

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?

Detroittl

quantAndHold wrote:Does Lyft still require a Facebook account?

Nope.

Detroittl

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?

Detroittl

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...

Detroittl

Dumb question:

Any advantages in buying a vanguard target fund in an account at vanguard? I have another brokerage...

Detroittl

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...

Detroittl

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.

Detroittl

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?

Detroittl

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 ...

Detroittl

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.

Detroittl

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 ...

Detroittl

Assuming no more mortgage it would be 10x salary.

Detroittl

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.

Detroittl

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...

Detroittl

Thanks everyone. I am converting next week.

Detroittl

Last 7 years I averaged 10 percent per year. Last 5 years 6 percent per year.

Detroittl

Thanks in advance... What are the best online bank CD rates out there? Any risk with these online banks??

Detroittl

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...

Detroittl

Whatever I choose. It's a rollover. I've bought ivv before.

Detroittl

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...

Detroittl

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?

Detroittl

Ten years for me.

Higher income and owning my home were top two drivers.

Detroittl

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...

Detroittl

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...

Detroittl

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...

Detroittl

" 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...

Detroittl

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...

Detroittl

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...

Detroittl

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...

Detroittl

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.

Detroittl

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.

Detroittl

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.

Detroittl

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).

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