Search found 679 matches

by KlingKlang
Sat Mar 31, 2018 11:52 am
Forum: Investing - Help with Personal Investments
Topic: These 3 Admiral Shares Funds?
Replies: 11
Views: 1695

Re: These 3 Admiral Shares Funds?

Thanks, but how would I never need to rebalance when LifeStrategy Moderate has fixed assets of 60/40?? I am 55 now, so 60/40 is ideal for my risk tolerance, but as I say hit 60, I may want to go to to closer to a 50/50 mix. It seems like the 3 fund portfolio of VTSAX, VTIAX, VBTLX would allow more ...
by KlingKlang
Fri Mar 30, 2018 3:30 pm
Forum: Investing - Theory, News & General
Topic: 401k vs Traditional IRA
Replies: 34
Views: 1886

Re: 401k vs Traditional IRA

The 55 exemption to early withdrawal penalty is an IRS rule. If you leave your job, you always have the option of withdrawing your money from your 401k (or rolling it over to an IRA). Your employer doesn't have to offer you the ability to do partial withdrawals, which negates most (all?) of the ben...
by KlingKlang
Fri Mar 30, 2018 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Should I loan my child money for college?
Replies: 73
Views: 6071

Re: Should I loan my child money for college?

For those suggesting that I shouldn't 'borrow for/in retirement', I should point out that (1) best case scenario, she pays the money back, with interest, so it's really not the same as borrowing for retirement, and (2) worst case, if it doesn't get paid back, then although it would probably require...
by KlingKlang
Thu Mar 29, 2018 9:21 pm
Forum: Investing - Theory, News & General
Topic: 401k vs Traditional IRA
Replies: 34
Views: 1886

Re: 401k vs Traditional IRA

If you leave your job after you turn 55 you can make withdrawals from your 401(k) without the 10 percent early withdrawal penalty, whereas you have to wait until you are 59 1/2 for the Traditional IRA. I know that there are exceptions for the tIRA but you don't have to worry about them with the 401(...
by KlingKlang
Thu Mar 29, 2018 9:08 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover to Vanguard requires brokerage account?
Replies: 24
Views: 2328

Re: Rollover to Vanguard requires brokerage account?

I just did a direct rollover from an old 401(k) at Fidelity to my Vanguard old-style mutual fund tIRA account 2 weeks ago. Like the OP when I tried to do it through the Vanguard website I kept running into the open a new brokerage account dialog. Finally I called Vanguard and they told me that there...
by KlingKlang
Thu Mar 29, 2018 12:36 pm
Forum: Investing - Help with Personal Investments
Topic: Sound Strategy RE: Taxes / Retirement ?
Replies: 8
Views: 837

Re: Sound Strategy RE: Taxes / Retirement ?

I plan on retiring early [or at least being financially able to do so]: 1. Is it wrong to view a taxable account as part of my retirement package/portfolio? 2. I understand fund placement/tax efficiency/cap gains as well as asset allocation [ thanks BH ! ] So, my plan as of now [say, 20 years from ...
by KlingKlang
Wed Mar 28, 2018 10:14 am
Forum: Personal Consumer Issues
Topic: Checklist for Parents of Incoming Freshmen/To-Be Adult
Replies: 67
Views: 5047

Re: Checklist for Parents of Incoming Freshmen/To-Be Adult

Half the cra(p) you-she thinks she needs from Bed Bath and Beyond, she wont! There is absolutely no reason for someone to show up at their dorm with all brand new purchases. First look around your own house for spare appliances, storage items, towels, ect. (See The Brave Little Toaster ). Check wit...
by KlingKlang
Sun Mar 25, 2018 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Anxious about age, career, and housing costs
Replies: 60
Views: 5896

Re: Anxious about age, career, and housing costs

I've been single my whole life (not even a pet) and I'm a minimalist so I generally haven't needed much space. Most of my apartments have been in the 600-800 square foot range and my current one is 600. As I mentioned earlier, though, it would be nice to have the home gym space and a private yard f...
by KlingKlang
Fri Mar 23, 2018 2:36 pm
Forum: Personal Consumer Issues
Topic: Costco Kirkland Brand Liquor
Replies: 63
Views: 8577

Re: Costco Kirkland Brand Liquor

Would someone post a list of which states Costco is allowed to sell liquor in? Ohio is not on that list.
by KlingKlang
Tue Mar 20, 2018 8:30 am
Forum: Personal Consumer Issues
Topic: Is a Model Release normal for wedding videography?
Replies: 28
Views: 2397

Re: Is a Model Release normal for wedding videography?

This seems like an extension of the terms that our wedding photographer had us sign - basically we only received the number of prints that we paid for and the negatives and all rights to the images stayed with the photographer. I agree with the previous advice, if you don't want to see video from yo...
by KlingKlang
Wed Mar 14, 2018 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Pay cash or go crazy (and take 2.5% loan and invest
Replies: 30
Views: 2725

Re: Pay cash or go crazy (and take 2.5% loan and invest

Are there any other manufacturer's or dealer's incentives that you can get if you pay cash rather than taking out a loan? Rebates usually fall into this category.
by KlingKlang
Wed Mar 14, 2018 5:57 pm
Forum: Investing - Help with Personal Investments
Topic: Review of my full portfolio - am I on the right track?
Replies: 14
Views: 1562

Re: Review of my full portfolio - am I on the right track?

Given that VG Target Retirement 2050 is only 10.12% in bonds 40% seems excessive. VBTLX is fine as your only bond fund. Keep your bond allocation inside your 401(k). On the other hand 2% in cash or $14k may be low for an emergency fund. 6 to 8 months of expenses might be better. You could also look ...
by KlingKlang
Wed Mar 14, 2018 8:23 am
Forum: Investing - Help with Personal Investments
Topic: simplifying my financial life -- should i get rid of treasury direct?
Replies: 47
Views: 4943

Re: simplifying my financial life -- should i get rid of treasury direct?

I agree with all of the responses on what a hassle dealing with the Treasury Direct website is, calling them is even worse. Besides everything previously mentioned they also make you run the gauntlet if you want to switch your linked bank account(s). Interestingly Legacy Treasury Direct still mails ...
by KlingKlang
Mon Mar 12, 2018 8:44 am
Forum: Personal Consumer Issues
Topic: Big Work Trip - Looking for Ideas
Replies: 15
Views: 1663

Re: Big Work Trip - Looking for Ideas

I think that Singapore is the perfect introduction to Asia for English speakers plus the greatest foodie destination on the planet. You can see the entire island with a moderate amount of walking using the light rail system (MRT). Worthwhile destinations are the Botanical Gardens, Cultural Gardens, ...
by KlingKlang
Thu Mar 08, 2018 9:54 pm
Forum: Personal Consumer Issues
Topic: structured vs. unstructured time in retirement
Replies: 18
Views: 2364

Re: structured vs. unstructured time in retirement

To each his own, obviously some people are happier when they have a schedule to follow than others. Congratulations on meeting so many of your original goals. The rigid schedule that you propose sounds like more work than going to work would be to me. You might as well accept that great offer and ge...
by KlingKlang
Thu Mar 08, 2018 10:07 am
Forum: Investing - Help with Personal Investments
Topic: Switching to online bank. Keep brick/mortar bank account open?
Replies: 54
Views: 3832

Re: Switching to online bank. Keep brick/mortar bank account open?

I use Huntington with an interest bearing checking account as our B&M bank and PurePoint for online savings. I cash 30 year old paper Savings Bonds in on the first of every month and Huntington handles this flawlessly. Since I'm there anyway I also use the checks from my Vanguard MM account to withd...
by KlingKlang
Thu Mar 08, 2018 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Retired-Credit Card Income Update Request
Replies: 10
Views: 885

Re: Retired-Credit Card Income Update Request

According to the notices that I receive it is only required for increasing your credit limit. I assume that includes both automatic and requested increases.

I only get these notices from my VISA cards, Discover keeps increasing my credit limit automatically.
by KlingKlang
Mon Mar 05, 2018 1:14 pm
Forum: Personal Consumer Issues
Topic: Etiquette of hanging up on live telemarketers
Replies: 77
Views: 4208

Re: Etiquette of hanging up on live telemarketers

When I used to answer the phone, I would give it to my daughter. She was 2-3 years old when we did that. It would frustrate the heck out of the callers with her babbling. Not bad, but I would worry that she would make a noise that sounded vaguely affirmative and you would end up with a ton of unord...
by KlingKlang
Fri Mar 02, 2018 10:59 am
Forum: Personal Finance (Not Investing)
Topic: TreasuryDirect website and 1099-INT taxable bonds
Replies: 7
Views: 1069

Re: TreasuryDirect website and 1099-INT taxable bonds

Here is what the TD says on their website https://www.treasurydirect.gov/indiv/help/TDHelp/help_ug_265-TaxLearnMore.htm TreasuryDirect provides you with a detailed listing of all your taxable transactions, as well as an online , printable IRS Form 1099 for each calendar year. You may access this in...
by KlingKlang
Fri Mar 02, 2018 9:08 am
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 318
Views: 27695

Re: free dinner investing seminar

I got a delicious Filet Mignon steak dinner at a high end steak house ten minutes from my house. I never received any follow up phone calls. Sounds like you just picked the wrong one to attend. Obviously I never have any luck. I received three more invitations today but they have all been shredded....
by KlingKlang
Thu Mar 01, 2018 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: Selling treasury bonds
Replies: 2
Views: 305

Re: Selling treasury bonds

If these are Series I (not "1") US Savings Bonds then as long as they are held in a Treasury Direct account linked to a bank account they can be redeemed (not sold) any time after they are one year old. The redemption amount will be direct deposited into your bank account in a few days. Just log int...
by KlingKlang
Wed Feb 28, 2018 11:42 am
Forum: Investing - Theory, News & General
Topic: Why have Emergency Funds?
Replies: 54
Views: 4449

Re: Why have Emergency Funds?

Minor rant: I wish that people would stop saying that "cash yields nothing". Current yields are comparable to that of the SP500 and rising rapidly. Cash in a savings or MM account has gone up by 16% over the past twelve months? Are you sure about that? Yield is not the same thing as total return.
by KlingKlang
Wed Feb 28, 2018 9:30 am
Forum: Investing - Theory, News & General
Topic: Why have Emergency Funds?
Replies: 54
Views: 4449

Re: Why have Emergency Funds?

Sheepdog has almost 5000 posts. Maybe at least a hint on what to search for? /forum/viewtopic.php?t=25126 Thank you for the link. For posters like AlohaJoe who start history at 2010 of course everyone would be better off investing 100% in equities. When you are in Sheepdog 's situation of watching ...
by KlingKlang
Mon Feb 26, 2018 8:08 pm
Forum: Investing - Theory, News & General
Topic: Balance
Replies: 6
Views: 641

Re: Balance

Always good advice. One article that I read today on another site advocated saving 70% of your income in order to retire in 9 years. While living below the poverty level in your 20s in order to retire in your early 30s is doable, the calculations assume that you will maintain that same lifestyle for...
by KlingKlang
Mon Feb 26, 2018 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: $500 above EITC limit and $700 above 20% savers credit instead of 10%...
Replies: 17
Views: 1166

Re: $500 above EITC limit and $700 above 20% savers credit instead of 10%...

If you are eligible for a deductible Traditional IRA it is very handy for fine tuning your taxable income (including your ACA MAGI) because you have until April of the next year to make your contribution. Edit: I see that you have already contributed the maximum to your IRAs. You can still recharact...
by KlingKlang
Mon Feb 26, 2018 9:25 am
Forum: Investing - Help with Personal Investments
Topic: Help me simplify my portfolio (gradually)
Replies: 5
Views: 587

Re: Help me simplify my portfolio (gradually)

I see nothing wrong with your plan (I also make allocation changes very slowly). On the other hand I see nothing wrong with a six fund portfolio for a married couple. How many types of accounts do you have? We (wife and I) have 2 tIRAs, 2 Roth IRAs, 2 after tax, and 1 401(k). I actually deliberately...
by KlingKlang
Mon Feb 26, 2018 9:09 am
Forum: Personal Finance (Not Investing)
Topic: What is your credit score?
Replies: 38
Views: 2069

Re: What is your credit score?

Fell into the high 700's once I paid off my mortgage. Apparently FICO doesn't like someone who is 100% debt free. I continue to use a CC for all my monthly expenses and pay it off in full every month. Same here. Mine has been pegged at 796 for years. The comments say that to raise it I need to take...
by KlingKlang
Sun Feb 25, 2018 6:26 pm
Forum: Investing - Help with Personal Investments
Topic: Simple question regarding caring for elderly parents
Replies: 16
Views: 2517

Re: Simple question regarding caring for elderly parents

Hi sandys, Welcome to the forum! Basically my qualifications are that I am helping out my mother and mother-in-law, both of whom are 90 and both of whom are still insisting on living in their (separate) homes. I agree that .1% interest bank accounts make no sense. Right now you can get online FICA i...
by KlingKlang
Thu Feb 22, 2018 1:52 pm
Forum: Investing - Theory, News & General
Topic: I'm thinking about buying some real estate to diversify my virtual wealth - agree?
Replies: 17
Views: 1620

Re: I'm thinking about buying some real estate to diversify my virtual wealth - agree?

Are you going to be renting out these properties or using them personally? If you rent them out you have just gotten yourself a new job of being a landlord. If they are for your personal use you have just exchanged income producing assets for expense producing assets - property taxes, coop fees, ins...
by KlingKlang
Wed Feb 21, 2018 8:35 pm
Forum: Personal Consumer Issues
Topic: [What UN-frugal thing do you do? What do you splurge on?]
Replies: 567
Views: 40950

Re: What UN-frugal thing do you do?

Use Verizon for our family cell phone service. We still only get two bars at our house, with all other services we get none.

P.S. Never go to a Verizon Authorized Retailer named Victra.
by KlingKlang
Sat Feb 17, 2018 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: What has been your most important skill in achieving financial independence?
Replies: 164
Views: 12601

Re: What has been your most important skill in achieving financial independence?

Marrying a smart frugal hard working woman. Any advice on that front? :D My worst date ever was with a girl who looked at the menu (this was in 1982) and exclaimed "There's nothing on here over $25!", this apparently being her criterion for whether a restaurant was any good or not. My future wife w...
by KlingKlang
Sat Feb 17, 2018 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Working for a MegaCorp vs a Small Business
Replies: 19
Views: 1585

Re: Working for a MegaCorp vs a Small Business

I've worked at three super-megacorps in my life - WX, GE, and IBM (summer intern). One of the things that I had to do at IBM was make a list of all of the managers between me and the CEO - 17 levels! At my Westinghouse orientation week the CEO flew in on a helicopter with his bodyguards and gave us ...
by KlingKlang
Thu Feb 15, 2018 7:41 pm
Forum: Investing - Help with Personal Investments
Topic: I Bonds - now or later in the year?
Replies: 17
Views: 2911

Re: I Bonds - now or later in the year?

follow this https://tipswatch.com/2018/01/09/i-bond-investors-heres-your-buying-guide-for-2018/ While the Seeking Alpha articles are interesting, I still think that they are basically much ado about nothing. He doesn't emphasize that you are going to eventually (in less than 6 months) pick up the n...
by KlingKlang
Thu Feb 15, 2018 6:00 pm
Forum: Investing - Help with Personal Investments
Topic: I Bonds - now or later in the year?
Replies: 17
Views: 2911

Re: I Bonds - now or later in the year?

Even if you buy the I Bonds toward the end of this month you will still get the new May 2018 inflation adjusted portion of the rate starting in August 2018. The only permanent rate change is the fixed portion of the rate which is currently at 0.1%. For bonds purchased May 1 or later it could go down...
by KlingKlang
Wed Feb 14, 2018 10:46 am
Forum: Investing - Help with Personal Investments
Topic: Is This Action by Megacorp Legal?
Replies: 65
Views: 4802

Re: Is This Action by Megacorp Legal?

There's no harm of adding that the investment firm involved is Fidelity, which makes this occurrence even more surprising. Indeed. Did your friend contact Fidelity and ask them what happened? What did they say? Just had this happen to me last summer. Previous employer's 401(k) stable value fund was...
by KlingKlang
Tue Feb 13, 2018 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Job is starting to suck the life out of me.
Replies: 80
Views: 10578

Re: Job is starting to suck the life out of me.

Oh, you hate your job? Why didn't you say so? There's a support group for that. It's called everybody, and they meet at the bar. Drew Carey Read more at: https://www.brainyquote.com/quotes/drew_carey_389085 Sorry, but what everyone else has told you is true. Just do enough to keep your paycheck and...
by KlingKlang
Mon Feb 12, 2018 11:10 am
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 318
Views: 27695

Re: free dinner investing seminar

Be prepared to get a cheap, overcooked chicken dinner followed by at least a hundred follow up phone calls. I got a delicious Filet Mignon steak dinner at a high end steak house ten minutes from my house. I never received any follow up phone calls. Sounds like you just picked the wrong one to atten...
by KlingKlang
Mon Feb 12, 2018 10:47 am
Forum: Personal Finance (Not Investing)
Topic: moving my mother's "escape" fund to me
Replies: 28
Views: 3726

Re: moving my mother's "escape" fund to me

My mother and father had a tumultuous relationship when I was younger. At one point she thought she might need to escape, and saved up a large amount of money in case that event happened. It is currently in a joint account with my aunt's name as the primary account holder, and my mother's name as t...
by KlingKlang
Sun Feb 11, 2018 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Family expecting “comps”
Replies: 38
Views: 5272

Re: Family expecting “comps”

Just wanted to point out that when you give family and friends freebies or discounts at your business you have to charge your other customers more to make up for it. It's probably better policy to send them gift certificates or discount vouchers as gifts and then process everything at the store the ...
by KlingKlang
Thu Feb 08, 2018 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 318
Views: 27695

Re: free dinner investing seminar

Be prepared to get a cheap, overcooked chicken dinner followed by at least a hundred follow up phone calls. I got a delicious Filet Mignon steak dinner at a high end steak house ten minutes from my house. I never received any follow up phone calls. Sounds like you just picked the wrong one to atten...
by KlingKlang
Thu Feb 08, 2018 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 318
Views: 27695

Re: free dinner investing seminar

Be prepared to get a cheap, overcooked chicken dinner followed by at least a hundred follow up phone calls.
by KlingKlang
Mon Feb 05, 2018 12:53 pm
Forum: Investing - Theory, News & General
Topic: Calling it right now.
Replies: 18
Views: 3968

Re: Calling it right now.

I worked for Westinghouse Electric for ten years and as a contractor for GE and its spinoffs for another ten years and it looks like history is repeating. The dinosaur died but they can keep going for years by cutting up the corpse and selling it off piecemeal. I still have 300 shares of GE that I a...
by KlingKlang
Mon Feb 05, 2018 9:30 am
Forum: Investing - Theory, News & General
Topic: Recent (future) EE Bond purchases ?
Replies: 6
Views: 500

Re: Recent (future) EE Bond purchases ?

Obviously you have to decide for yourself whether the chance of higher returns with EE Bonds held for 20 years is better than the guarantee of matching inflation with I Bonds or just purchasing market rate investments. Personally I think that the chances of short term rates exceeding 3.5% in the nex...
by KlingKlang
Sat Feb 03, 2018 10:16 pm
Forum: Personal Finance (Not Investing)
Topic: Worried about employer not paying all I am owed
Replies: 29
Views: 2766

Re: Worried about employer not paying all I am owed

Definitely start looking for a new job. If your employer can't manage his finances well enough to pay his employees he is probably also cheating his customers, suppliers, and the IRS. Did you even get a W-2 for 2017 yet? If so does the amount on the W-2 match your actual pay or what you were promise...
by KlingKlang
Sat Feb 03, 2018 8:32 am
Forum: Personal Consumer Issues
Topic: Life Balance of spending and saving
Replies: 54
Views: 5551

Re: Life Balance of spending and saving

In your situation this is more a matter of spending time than spending money. How many months a year will the pool be usable? How many hours a week do you expect to use it? How many hours a week will you have to play lifeguard while your kids and their friends use it? How many hours a week will it t...
by KlingKlang
Wed Jan 31, 2018 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Opportunity to buy company stock at a discount
Replies: 30
Views: 2058

Re: Opportunity to buy company stock at a discount

This sounds like a pretty typical Employee Stock Purchase Plan (ESPP). As others have mentioned the gotchas are how the purchase price is calculated, how long you give the company an interest free loan between your contributions and the actual purchase, and the holding period before you can sell. Al...
by KlingKlang
Mon Jan 29, 2018 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Auto accident - use insurance or self pay
Replies: 11
Views: 836

Re: Auto accident - use insurance or self pay

I would report this to your insurance company and let them handle it.

There may be three or four honest people in the world but the rest of the time these incidents escalate into overpriced repair bills and outrageous medical claims. Let the professionals deal with it.
by KlingKlang
Mon Jan 29, 2018 12:51 pm
Forum: Personal Consumer Issues
Topic: what do/did you do with your evenings with a Toddler in winters ?
Replies: 63
Views: 4603

Re: what do/did you do with your evenings with a Toddler in winters ?

Teach toddler to bring you a beer, it's good prep for summer. :sharebeer Stop that! I just ruined another keyboard! One bright idea that I had that actually worked was to get our daughter a Step 2 climber https://www.step2.com/p/naturally-playful-woodland-climber (not identical but you get the conc...
by KlingKlang
Fri Jan 26, 2018 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Ways to Protect Assets Without a Prenup
Replies: 69
Views: 6999

Re: Ways to Protect Assets Without a Prenup

I'd like some advice on any decisions that can be made in advance of my marriage this October to protect pre-marital assets. A prenup is off the table for me Why?? Do you trust each other enough to fully commingle your assets? - Then do it. If you don't then maintain your separate accounts. Distrib...
by KlingKlang
Fri Jan 26, 2018 3:38 pm
Forum: Investing - Help with Personal Investments
Topic: Convincing uninterested DW we have enough...
Replies: 13
Views: 1841

Re: Convincing uninterested DW we have enough...

Just leave this for after the cruise. Don't do anything to aggravate or worry her and just enjoy the trip. :oops: BON VOYAGE! :beer That's great matrimonial advice but sooner or later you have to have a real world discussion. I see no reason to work beyond the age of 60 and may be ready sooner. Any...