Search found 1757 matches

by guitarguy
Sat Jul 07, 2012 8:07 am
Forum: Investing - Help with Personal Investments
Topic: How to allocate annual raise
Replies: 21
Views: 2056

Re: How to allocate annual raise

When w e were your age we had no savings for retirement and began investing for retirement by buying a $50 savings bond through payroll deductions every other month. From then we put half of every raise into accounts for retirement. Less than 30 years later we retired early with over seven figures ...
by guitarguy
Sat Jul 07, 2012 8:05 am
Forum: Investing - Help with Personal Investments
Topic: How to allocate annual raise
Replies: 21
Views: 2056

Re: How to allocate annual raise

Why not put equal amounts into the IRAs? Why not put all the contributions for the next 6 months into her IRA until you get over the minimums? There is no reason your IRA should get all the money first and hers be filled only with the extra. Perhaps you should let her catch up and put all the IRA m...
by guitarguy
Fri Jul 06, 2012 4:45 pm
Forum: Investing - Help with Personal Investments
Topic: How to allocate annual raise
Replies: 21
Views: 2056

Re: How to allocate annual raise

You know, common advice for non-boglehead civilians when getting a raise is to "split the raise" and put half of it (or 1% of it) as increased savings in the 401k. That way you never really miss having the extra money to spend. Yeah...but I suspect most people wouldn't have the discipline to actual...
by guitarguy
Fri Jul 06, 2012 2:56 pm
Forum: Investing - Help with Personal Investments
Topic: How to allocate annual raise
Replies: 21
Views: 2056

Re: How to allocate annual raise

Just remember, unless the Bush tax cuts are extended, the student loan interest deduction expires this year, so you won't be able to claim it after 2012 taxes. Just something to keep in mind. Good point...and when they hike back up the SS tax that 2% I may not see anything extra after all starting ...
by guitarguy
Fri Jul 06, 2012 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: How to allocate annual raise
Replies: 21
Views: 2056

Re: How to allocate annual raise

Yeah...that's a good point. I updated my projection spreadsheet for getting rid of all our debt, and adding in that extra $100/m starting this month has all my loans paid off and my mortgage also paid off about 7 months earlier. If we keep on and don't stray from this pace, we'll be totally debt fr...
by guitarguy
Fri Jul 06, 2012 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: How to allocate annual raise
Replies: 21
Views: 2056

Re: How to allocate annual raise

A lot of people will recommend you attack the debt And I'm one of 'em! :D At least that's what I'd do if I were in your situation. Does it optimize your finances when you crunch the numbers? Maybe not. But I would be annoyed as all get-out about having that debt looming over me, and would find trem...
by guitarguy
Fri Jul 06, 2012 6:37 am
Forum: Investing - Help with Personal Investments
Topic: How to allocate annual raise
Replies: 21
Views: 2056

Re: How to allocate annual raise

A lot of people will recommend you attack the debt, especially since the interest rate is variable and because your student loan debt is rather high (approx $41,000). BTW, are you able to deduct from taxes any of your student load payments (see: http://www.getreadyforcollege.org/gpg.cfm?pageid=115)...
by guitarguy
Fri Jul 06, 2012 6:25 am
Forum: Investing - Help with Personal Investments
Topic: How to allocate annual raise
Replies: 21
Views: 2056

Re: How to allocate annual raise

I suggest contributing to a 2nd ROTH IRA. The general suggestion is to go tax advantaged before taxable (save the taxes, either now or in the future). I suggest the ROTH for two reasons: 1) You are likely never going to be in a lower tax bracket (Your income will go up putting you in a higher tax b...
by guitarguy
Thu Jul 05, 2012 1:17 pm
Forum: Investing - Help with Personal Investments
Topic: How to allocate annual raise
Replies: 21
Views: 2056

How to allocate annual raise

I just got my annual raise this year, which will take effect on my next paycheck at the end of July (monthly paydates). The raise was 3% and my annual salary is in the low/mid $60k range...so I'll see about $1800/yr and guessing on the math I'll see like $100/m extra after taxes. I'd like to use it ...
by guitarguy
Tue Jul 03, 2012 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Should I pay off this student loan?
Replies: 14
Views: 1840

Re: Should I pay off this student loan?

My first thought is just pay down and pay off student loans as quick as possible. My gut feeling says I should have no reason NOT to pay this one off but I just thought I would double check with what you guys think. Loan Information: Balance: $3,550 Interest Rate: 6.8% Fixed/Variable: Fixed Minimum...
by guitarguy
Tue Jul 03, 2012 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Pentagon Federal Credit Union Which Credit Card?
Replies: 6
Views: 1135

Re: Pentagon Federal Credit Union Which Credit Card?

dratkinson wrote:I like the PenFed CC that pays 5% cashback on gas and credited my monthly statement. Otherwise I use a Chase Freedom cashback (1%).
Exactly this for me too. There are probably better options out there to milk a little more out of everyday spending, but this works well for us.
by guitarguy
Mon Jul 02, 2012 10:55 am
Forum: Personal Consumer Issues
Topic: Car Dealership Repair Suggestions: Take Seriously or Not?
Replies: 43
Views: 5190

Re: Car Dealership Repair Suggestions: Take Seriously or Not

leo383 wrote:leaking head gasket
If this is really leaking it should really be fixed, but it's hard to imagine it not being noticeable as to whether or not it's leaking.

Is there antifreeze on your driveway?

Is there antifreeze in the oil?
by guitarguy
Fri Jun 29, 2012 7:29 am
Forum: Investing - Help with Personal Investments
Topic: Advice for 18 year old
Replies: 5
Views: 653

Re: Advice for 18 year old

Congrats to you for getting started so early!! The one thing I'll say is that at your age, I'd make sure to focus some on keeping a good car fund going. You're in a great position at a young age to set up for a life of never having a car note! I once read that cars (loans, expensive choices, leasing...
by guitarguy
Thu Jun 28, 2012 7:29 pm
Forum: Personal Consumer Issues
Topic: Replacing a single (home) window
Replies: 4
Views: 576

Re: Replacing a single (home) window

Good enough. I will go to HD.

I just didn't know if there was a better place to go when shopping for just 1 single window or not!!!

:beer
by guitarguy
Thu Jun 28, 2012 3:18 pm
Forum: Personal Consumer Issues
Topic: Replacing a single (home) window
Replies: 4
Views: 576

Replacing a single (home) window

Any ideas for the best place to go for this? We're redoing our bathroom and we decided it's better to just replace the window in our shower rather than frame it in and try to change it. So, we're looking to just replace this one window. Is a big box store a good place for this or should we call a pl...
by guitarguy
Wed Jun 27, 2012 2:56 pm
Forum: Personal Consumer Issues
Topic: Boglehead bathroom remodel. What's with shower faucets?
Replies: 12
Views: 2015

Re: Boglehead bathroom remodel. What's with shower faucets?

Almost EVERYTHING out there is a single handle unit...full blast once on, keep turning to adjust temperature. Anyone else out there think these are kind of annoying because of lack of flow control? I don't know about you guys but we don't turn the water on full blast when we shower... My Moen is fu...
by guitarguy
Wed Jun 27, 2012 2:51 pm
Forum: Personal Consumer Issues
Topic: Boglehead bathroom remodel. What's with shower faucets?
Replies: 12
Views: 2015

Re: Boglehead bathroom remodel. What's with shower faucets?

Be aware that I've been told that some plumbers will not install faucets from BigBox stores. I have not had that happen to me (I usually do my own installs.) There is a difference between a faucet sold in HD and the same model sold in a plumbing supply store. I recently bought a kitchen faucet (Del...
by guitarguy
Wed Jun 27, 2012 1:03 pm
Forum: Personal Consumer Issues
Topic: Boglehead bathroom remodel. What's with shower faucets?
Replies: 12
Views: 2015

Re: Boglehead bathroom remodel. What's with shower faucets?

In my experience, big box stores have extremely high prices for faucets / shower heads. I've had good experience with http://www.faucetdirect.com/ and several smaller online resellers both in terms of selection and pricing. From a safety / convenience standpoint, consider purchasing a fixture with ...
by guitarguy
Wed Jun 27, 2012 12:36 pm
Forum: Personal Consumer Issues
Topic: Boglehead bathroom remodel. What's with shower faucets?
Replies: 12
Views: 2015

Re: Boglehead bathroom remodel. What's with shower faucets?

In my experience, big box stores have extremely high prices for faucets / shower heads. I've had good experience with http://www.faucetdirect.com/ and several smaller online resellers both in terms of selection and pricing. From a safety / convenience standpoint, consider purchasing a fixture with ...
by guitarguy
Wed Jun 27, 2012 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Age 25: Beginning PhD and wondering how to manage debt
Replies: 15
Views: 3376

Re: Age 25: Beginning PhD and wondering how to manage debt

2. Roth in your low tax bracket doesn't make sense. Why? OP: I'd do everything in my power to pay off that high interest debt before the 0% runs out, and the one without the 0% I'd do first. Calculate how much you need to pay per month to make sure it's all gone by the deadlines and do it. If that ...
by guitarguy
Wed Jun 27, 2012 9:29 am
Forum: Personal Consumer Issues
Topic: Boglehead bathroom remodel. What's with shower faucets?
Replies: 12
Views: 2015

Boglehead bathroom remodel. What's with shower faucets?

We decided to do a "Boglehead" bathroom remodel on a budget to add some functionality and fix a couple problems. Refinishing the vanity, adding an exhaust fan (old house...doesn't have one currently), adding some fixtures, paint, and most importantly a new shower to replace some cracking/falling til...
by guitarguy
Mon Jun 25, 2012 2:40 pm
Forum: Investing - Theory, News & General
Topic: Let's look at savings rates...
Replies: 10
Views: 1936

Re: Let's look at savings rates...

If you want to compare 401k to net income, or compare Roth to gross income, then you add/subtract the estimated amount of tax. I like that. For a simple % calculation...however I know it may not be worth much in terms of actual usefullness. Looking at it this way we're at 17% of gross. Not sure how...
by guitarguy
Mon Jun 25, 2012 2:15 pm
Forum: Investing - Help with Personal Investments
Topic: Foreign Asset allocation
Replies: 21
Views: 2090

Re: Foreign Asset allocation

A great fund to use for international is the Vanguard Total International fund VGTSX. Low 0.22% ER and when you reach $10,000 you will be upgraded to the Admiral Shares VTIAX with a 0.18% ER. Also as other posters have written the Emerging market share of this fund is 24%. A great one stop shopping...
by guitarguy
Mon Jun 25, 2012 2:04 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Checkup
Replies: 31
Views: 3420

Re: Portfolio Checkup

Nothing substantial to contribute to the discussion, but I wanted to remind Guitarguy that in the not too distant future, Mrs. Guitarguy is expected to be expecting and/or quitting her job, which means that 401k of hers rolls over to Vanguard and *poof* OP has more options to work with in keeping t...
by guitarguy
Mon Jun 25, 2012 7:37 am
Forum: Investing - Theory, News & General
Topic: Let's look at savings rates...
Replies: 10
Views: 1936

Re: Let's look at savings rates...

Rodc wrote:You have to first decide WHY you are making the calculation.
For curiousity purposes, and also to investigate/rationalize the "am I saving enough" question.

I see lots of discussions on here where people state they're saving X%. I was curious how others make their calculations.
by guitarguy
Mon Jun 25, 2012 6:30 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Checkup
Replies: 31
Views: 3420

Re: Portfolio Checkup

As I've said, we could save more in retirement accounts, but it would be at the cost of foregoing the debt prepayment we're working on (as mentioned above). We're also saving like crazy to get "new" cars (just found a very nice used Civic and paid cash, will have one more car to go in 3-5 years at ...
by guitarguy
Mon Jun 25, 2012 6:27 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Checkup
Replies: 31
Views: 3420

Re: Portfolio Checkup

Nothing substantial to contribute to the discussion, but I wanted to remind Guitarguy that in the not too distant future, Mrs. Guitarguy is expected to be expecting and/or quitting her job, which means that 401k of hers rolls over to Vanguard and *poof* OP has more options to work with in keeping t...
by guitarguy
Fri Jun 22, 2012 11:03 am
Forum: Personal Consumer Issues
Topic: Custom Cabinets
Replies: 9
Views: 1757

Re: Custom Cabinets

Hello, We are in a middle of a major home addition in which we are getting a brand new kitchen. One of our major expenses are our kitchen cabinets. Our contractor had budgeted about $16K for the cabinets. He has a custom cabinet guy who seems to do pretty good work, but it's his pricing structure t...
by guitarguy
Fri Jun 22, 2012 10:52 am
Forum: Investing - Theory, News & General
Topic: Let's look at savings rates...
Replies: 10
Views: 1936

Let's look at savings rates...

...and how you calculate them! Gosh I'm a dork. :D I started this thread http://www.bogleheads.org/forum/viewtopic.php?f=10&t=66772 in Jan 2011, and it sparked some good discussion. But after doing a little read through...it seems like one question was never answered: How should one take into accoun...
by guitarguy
Fri Jun 22, 2012 10:37 am
Forum: Investing - Theory, News & General
Topic: what's a millionaire today ?
Replies: 38
Views: 3619

Re: what's a millionaire today ?

When you can take $1M and pile it up all over your bed and roll around in it...naked...then you are a millionaire. :mrgreen: :greedy Just kidding. Really, in my view, when you add up all your accounts and the total is over $1M, then you're a millionaire. To me it means "I have a million bucks," not,...
by guitarguy
Fri Jun 22, 2012 7:43 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Checkup
Replies: 31
Views: 3420

Re: Portfolio Checkup

Perhaps guitarguy comes back because some of these threads tend to bombard a new investor with a very large amount of minutae when the focus should be (1) savings rate, (2) proper AA based on ability and need for risk, (3) diversification, and (4) controlling cost. Everything else.... doesn't matte...
by guitarguy
Thu Jun 21, 2012 3:14 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Checkup
Replies: 31
Views: 3420

Re: Portfolio Checkup

What matters right now is for guitarguy to focus on increasing Income to increase savings rate; since this is MANY times more important than other minutiae. Yes, I know savings rate is important. But I don't forsee any large increase in income anytime soon, but actually a decrease when we start a f...
by guitarguy
Thu Jun 21, 2012 11:16 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Checkup
Replies: 31
Views: 3420

Re: Portfolio Checkup

This is a good example that better illustrates what I'm concerned with. Overall though, it seems like waiting a little longer might be beneficial so that my balances are high enough to make these adjustments when needed. Otherwise in the short term I'll just continue to overweight myself in Int, ri...
by guitarguy
Thu Jun 21, 2012 9:41 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Checkup
Replies: 31
Views: 3420

Re: Portfolio Checkup

Yes, this is sort of my concern. As I keep adding to the Roth and the 2 two 401k accounts, the percentages for AA in each catagory will be further and further off each month, right?? This is the confusing part for me when distributing AA across multiple accounts. Is there a good place to read about...
by guitarguy
Thu Jun 21, 2012 9:17 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Checkup
Replies: 31
Views: 3420

Re: Portfolio Checkup

I'll take the easiest one: Debt. Why in the world are your prepaying a debt of 2.something % when your have a mortgage that is costing you more at 5.something%?? Even if you didn't have the mortgage why prepay your student loan debt when it is so low? The chance over NOT producing >3% return with a...
by guitarguy
Thu Jun 21, 2012 6:44 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Checkup
Replies: 31
Views: 3420

Re: Portfolio Checkup

Can you guys please explain in a little more detail exactly what is recommended above?? I understand using just the 2 cheapest funds in the 401k, but then what do I put in the Roth? And when I contribute new money, won't it throw things out of whack because of contributing more to the 401k than the...
by guitarguy
Thu Jun 21, 2012 6:31 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Checkup
Replies: 31
Views: 3420

Re: Portfolio Checkup

Can you guys please explain in a little more detail exactly what is recommended above?? Who is "you guys?" I suggested: 1. 15% Bonds in His 401K because that's what you want. Her 401K options are not good. 2. 39% S&P 500 in His/Her 401Ks. Best/cheaper available Funds. 3. 20% Small Cap Value because...
by guitarguy
Wed Jun 20, 2012 2:38 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Checkup
Replies: 31
Views: 3420

Re: Portfolio Checkup

Guitarguy, I'd probably stick to the two funds in the 401k (Dryden S&P 500 and Core Bond) to take advantage of the low expense ratios. And I think that you are doing the right thing 100% be eliminating the student loans on an accelerated schedule. No one has ever gotten in trouble from having too l...
by guitarguy
Wed Jun 20, 2012 2:35 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Checkup
Replies: 31
Views: 3420

Re: Portfolio Checkup

Wow thanks for the replies! It seems this is going into method for picking the cheapest funds and putting different AA together across multiple accounts, something I knew I eventually had to worry about, but hadn't yet because of our rather low balances. Can you guys please explain in a little more ...
by guitarguy
Wed Jun 20, 2012 1:59 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Checkup
Replies: 31
Views: 3420

Re: Portfolio Checkup

I'll take the easiest one: Debt. Why in the world are your prepaying a debt of 2.something % when your have a mortgage that is costing you more at 5.something%?? Even if you didn't have the mortgage why prepay your student loan debt when it is so low? The chance over NOT producing >3% return with a...
by guitarguy
Wed Jun 20, 2012 11:35 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Checkup
Replies: 31
Views: 3420

Portfolio Checkup

Hi fellow Bogleheads! Just in for a portfolio/financial checkup to check and make sure we're doing the best we can do. If there are other things we should consider or something that should be changed...please let me know! Here is our picture: Emergency funds: 3 ~ 4 months Debt: Mortgage $101k (5.125...
by guitarguy
Mon Jun 18, 2012 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Used car sale...please help with paperwork issue!
Replies: 7
Views: 1461

Re: Used car sale...please help with paperwork issue!

Well, just got off the phone with the SOS, looks like we have to have a duplicate title made up because she went ahead and crossed everything out as far as the names go. :x Our correction of my wife's maiden/married last name is no big deal and would not have required a duplicate title for that alo...
by guitarguy
Mon Jun 18, 2012 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Used car sale...please help with paperwork issue!
Replies: 7
Views: 1461

Re: Used car sale...please help with paperwork issue!

Well, just got off the phone with the SOS, looks like we have to have a duplicate title made up because she went ahead and crossed everything out as far as the names go. :x Our correction of my wife's maiden/married last name is no big deal and would not have required a duplicate title for that alon...
by guitarguy
Mon Jun 18, 2012 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Used car sale...please help with paperwork issue!
Replies: 7
Views: 1461

Used car sale...please help with paperwork issue!

We just sold our '99 Malibu to a young girl, who is now calling and talking about problems with the title, and not doing a good job explaining what the problem is. The only thing I know for sure is she wants us to meet to sign something... OK first off, we made one mistake on the title, my wife acci...
by guitarguy
Mon Jun 18, 2012 12:00 pm
Forum: Personal Consumer Issues
Topic: Employment woes and midlife crisis
Replies: 39
Views: 5287

Re: Employment woes and midlife crisis

I second some of the other advice given... If what you make from landscaping barely offsets the costs of daycare...be a stay at home Dad and look for ways to possibly learn a little extra on top of what your wife makes. Possibly a night job a couple days a week or something part time while your kids...
by guitarguy
Thu Jun 14, 2012 2:56 pm
Forum: Personal Consumer Issues
Topic: Outdoor Patio
Replies: 18
Views: 2366

Re: Outdoor Patio

We have stamped concrete porch/sidewalk and a paver patio. The pavers are much nicer. Concrete cracks and it requires sealers, too, to maintain an even color. We waited too long to re-seal it and now it's discolored. Our paver patio hasn't required any maintenance at all. Some pavers also require/r...
by guitarguy
Thu Jun 14, 2012 11:48 am
Forum: Personal Consumer Issues
Topic: On growing old
Replies: 71
Views: 10972

Re: On growing old

I'll be 78 this coming July and 20 years ago when I was diagnosed with Prostate Cancer I thought my life was over but thanks to a successful Radical Prostatectomy I am still here and kickin and enjoying life to the fullest. I was able to retire at age 58 and did so because I thought my life would b...
by guitarguy
Thu Jun 14, 2012 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Renting Vs. Owning at 22
Replies: 83
Views: 6665

Re: Renting Vs. Owning at 22

This is silly. Internet forum bickering is so annoying...fortunately it's rare on Bogleheads! Everyone is giving their opinion on what they would do if they were the OP, and their reasons for it. On this forum, the general consensus is that real estate isn't to be thought of as an investment. Obviou...
by guitarguy
Wed Jun 13, 2012 11:11 am
Forum: Personal Consumer Issues
Topic: Outdoor Patio
Replies: 18
Views: 2366

Re: Outdoor Patio

We're currently debating on doing pavers vs. stamped concrete. If anyone would like to chime in there... Even DIY, pavers are NOT cheap. Having just priced out every aspect of doing pavers in our yard (480 sqft)....once you add up the cost of the pavers, plus all of your base material, bedding sand,...
by guitarguy
Tue Jun 12, 2012 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Renting Vs. Owning at 22
Replies: 83
Views: 6665

Re: Renting Vs. Owning at 22

First of all...I'd probably rent if I were you. But....................I bought a house at 23 and don't regret it. I found a good deal in a down market in a wonderful neighborhood with great schools 4 months after getting my first job after college. My situation was a bit different than yours though...