Search found 551 matches

by KlingKlang
Wed Nov 08, 2017 12:48 pm
Forum: Investing - Theory, News & General
Topic: Open a Roth but Vanguard minimum investment too high?
Replies: 19
Views: 1317

Re: Open a Roth but Vanguard minimum investment too high?

Remember that you can exchange funds inside of your Roth anytime with no tax consequences, so start with $5500 in VTSMX, a target date fund, or a life strategy fund. Keep contributing each year and soon you will have enough to exchange into your desired three fund portfolio, use investor shares firs...
by KlingKlang
Tue Nov 07, 2017 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: BH Ideal net worth allocation
Replies: 22
Views: 3231

Re: BH Ideal net worth allocation

bubbadog wrote:
Tue Nov 07, 2017 3:12 pm
p0nyboy wrote:
Tue Nov 07, 2017 1:08 pm
Sounds like you're house poor.
He is not house poor, he is young.
Correct. Just don't spend the rest of your life purchasing more expensive housing.

From my (dumb) perspective the ideal net worth allocation would be 2% home equity, 49% after-tax, 49% tax sheltered.
by KlingKlang
Mon Nov 06, 2017 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: ACA MAGI planning
Replies: 57
Views: 4999

Re: ACA MAGI planning

Good information so far.

I nail the ACA maximum benefits because my wife works part time (actually full time but that's another story) so I can contribute enough to our tIRAs for the previous year to keep our MAGI at $23k +/- $1.00.
by KlingKlang
Mon Nov 06, 2017 3:44 pm
Forum: Investing - Theory, News & General
Topic: Why is Vanguard sending so much junk mail telling me to vote in the proxy election?
Replies: 50
Views: 6095

Re: Why is Vanguard sending so much junk mail telling me to vote in the proxy election?

I voted (8 different accounts) and they stopped bothering me.

I voted NO on everything. I'll do the same thing at the polls tomorrow.
by KlingKlang
Mon Nov 06, 2017 11:07 am
Forum: Investing - Theory, News & General
Topic: I-bond inflation irony?
Replies: 35
Views: 4001

Re: I-bond inflation irony?

The value, month by month, only goes up. Whatever the redemption value is after 120 months, it will be higher after 121 months. This is a minor quibble, but if the I Bond semiannual inflation rate is zero or negative the bonds' values will remain the same if their fixed rate isn't high enough to ov...
by KlingKlang
Mon Nov 06, 2017 9:42 am
Forum: Investing - Theory, News & General
Topic: I-bond inflation irony?
Replies: 35
Views: 4001

Re: I-bond inflation irony?

Not predicting that it will or won't die as a program, just saying that if they want to kill the program they will just kill it I think. I'm frankly amazed at how long the Treasury Department keeps some old programs around. As an example I still have about $50k of Treasury Bonds in the old Legacy T...
by KlingKlang
Sun Nov 05, 2017 5:18 pm
Forum: Investing - Help with Personal Investments
Topic: Preparing For "Early Retirement" In A Couple of Years
Replies: 77
Views: 8304

Re: Preparing For "Early Retirement" In A Couple of Years

One subject that I haven't seen discussed yet is that of cash flow management and a plan for withdrawals from your various accounts. Basically it's nice to have 1.37 million in financial assets, but when the bills come in from where are you going to take the money to pay them? The majority of your f...
by KlingKlang
Sat Oct 28, 2017 8:17 am
Forum: Personal Finance (Not Investing)
Topic: Patient but not that lucky
Replies: 42
Views: 3273

Re: Patient but not that lucky

If you are going to gamble on the Nasdaq and tech stocks then you need a lot of luck. I have never had a lot of luck so I don't gamble (anymore). Buy and hold funds or ETFs that cover the entire domestic stock/international stock/bond universe plus some cash reserves and then be patient and take wha...
by KlingKlang
Fri Oct 27, 2017 2:45 pm
Forum: Investing - Theory, News & General
Topic: Emotional impact of spending down assets?
Replies: 100
Views: 10871

Re: Emotional impact of spending down assets?

My MIL turned 94 last Saturday. She spent all of her moderate savings, around 250k, on the skilled nursing facility she resides in, and is now on Medicaid. None of her income was protected by COLA, other than SS, and it all goes to the facility with Medicaid paying the rest. She is under the impres...
by KlingKlang
Thu Oct 26, 2017 12:36 pm
Forum: Personal Consumer Issues
Topic: Birth Certificate/Name Issues
Replies: 20
Views: 1920

Re: Birth Certificate/Name Issues

When I was at the Ohio BMV a few weeks ago they threw a guy out because his middle name didn't match on his birth certificate and old out of state license. My wife actually uses a different middle name than that on her birth certificate but gets away with it because the initial is the same.
by KlingKlang
Thu Oct 26, 2017 12:14 pm
Forum: Investing - Theory, News & General
Topic: Emotional impact of spending down assets?
Replies: 100
Views: 10871

Re: Emotional impact of spending down assets?

My MIL turned 94 last Saturday. She spent all of her moderate savings, around 250k, on the skilled nursing facility she resides in, and is now on Medicaid. None of her income was protected by COLA, other than SS, and it all goes to the facility with Medicaid paying the rest. She is under the impres...
by KlingKlang
Thu Oct 26, 2017 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Contribute to spouse's Roth?
Replies: 22
Views: 2013

Re: Contribute to spouse's Roth?

Given the positive responses here, I plan to set up her Roth at VG soon so I can put in 2017 contributions, and fund/manage it myself for now, till DW gets bit by the Boglehead bug You actually have until April 16, 2018 to fund your 2017 Roth IRA contributions. Also your wife will have to sign her ...
by KlingKlang
Wed Oct 25, 2017 3:42 pm
Forum: Personal Consumer Issues
Topic: MoviePass-Too good to be true, but it's legit.
Replies: 147
Views: 18165

Re: MoviePass-Too good to be true, but it's legit.

My wife and I haven't been to a movie since "The Lord of the Rings" ended due to the behavior of the other moviegoers. In that case I would highly recommend a midnight showing of Rocky Horror Picture Show this Halloween at your local theatre. I've been to midnight showings of "The Rocky Horror Pict...
by KlingKlang
Sun Oct 22, 2017 3:54 pm
Forum: Personal Consumer Issues
Topic: New York restaurants suggestions?
Replies: 18
Views: 1794

Re: New York restaurants suggestions?

If you enjoy food you haven't eaten before and are willing to travel, you can eat food from all over the world. Some of the best food is relatively inexpensive and you can also get expensive food with high quality and formal service. I've found that this is true in most great cities. You can go to ...
by KlingKlang
Sun Oct 22, 2017 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: VWELX, VWINX, VBINX [Vanguard Wellington, Wellesley, Balanced]
Replies: 3
Views: 529

Re: VWELX, VWINX, VBINX [Vanguard Wellington, Wellesley, Balanced]

All three of these are great balanced funds, but why go through the extra work of balancing balanced funds?

A number of people who want a 50/50 stock/bond allocation of managed funds purchase half Wellington and half Wellesley.
by KlingKlang
Wed Oct 18, 2017 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Finance for retirement
Replies: 15
Views: 1491

Re: Personal Finance for retirement

You have made a very good start, but predicting the value of your investments 38 years in the future is pretty difficult. As Majormajor78 stated, you will probably be able to increase your savings as you grow older. Why are you doing the calculation after tax? Do you have access to any workplace sav...
by KlingKlang
Wed Oct 18, 2017 4:21 pm
Forum: Personal Consumer Issues
Topic: Europe vacation, family of 5
Replies: 15
Views: 1630

Re: European vacation, family of 5

The Root of Good family of five took a nine week trip to Europe, although his kids are younger than yours. You might want to read his account.

http://rootofgood.com/summer-family-vacation-europe/
by KlingKlang
Mon Oct 16, 2017 2:19 pm
Forum: Personal Consumer Issues
Topic: Trash dumped on curb (need advice)
Replies: 60
Views: 6794

Re: Trash dumped on curb (need advice)

Since no one has mentioned this yet I find that a respectful and non-emotional email to your city councilman usually produces either results or at least a useful list of city departments to contact.
by KlingKlang
Sun Oct 15, 2017 1:40 pm
Forum: Personal Consumer Issues
Topic: What are you driving? And would you buy your current ride again?
Replies: 130
Views: 8338

Re: What are you driving? And would you buy your current ride again?

2004 Chevy Malibu, 110000 miles. Comfortable seating for four adults, good trunk capacity, adequate acceleration, easy to park. All of the problems have been electrical in nature (cruise control, A/C, high beams) and thus fairly easy to ignore.
by KlingKlang
Sat Oct 14, 2017 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Silly accounting question [How do I record these transactions?]
Replies: 7
Views: 895

Re: Silly accounting question

If you really want to get anal about it you should treat your car as a capital asset and depreciate it every month. Be sure to subtract the residual value of the old tires from the asset. The $400 tires would be an addition to the asset but the labor to mount them would be an automobile expense. Sal...
by KlingKlang
Tue Oct 10, 2017 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Cheapest thing you ever heard of to save money
Replies: 34
Views: 3000

Re: Cheapest thing you ever heard of to save money

My father would park his car on the street and honk the horn for me to run out and push it up the driveway by hand in order to save gas. The neighbors would come out to watch. I think he did that to make fun of you. "Look what my kid will do for me!" Honestly it was all about the money. If I wasn't...
by KlingKlang
Tue Oct 10, 2017 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Cheapest thing you ever heard of to save money
Replies: 34
Views: 3000

Cheapest thing you ever heard of to save money

Given the success of the [Boglehead vs Mr Money Mustache philosophies] thread, I would like to start a [Cheapest thing you ever heard of to save money] thread. My father would park his car on the street and honk the horn for me to run out and push it up the driveway by hand in order to save gas. The...
by KlingKlang
Sun Oct 08, 2017 10:07 am
Forum: Personal Consumer Issues
Topic: Do you want your receipt?
Replies: 99
Views: 8378

Re: Do you want your receipt?

There is no such thing as a "small purchase". I get a receipt for everything paid for by cash or credit card. Then I write the details in a notebook and enter the amounts into my 32 year old double entry accounting software. This works well at discouraging me from making impulse purchases as it take...
by KlingKlang
Sat Oct 07, 2017 8:28 am
Forum: Personal Consumer Issues
Topic: Lowes vs Home Depot
Replies: 62
Views: 8585

Re: Lowes vs Home Depot

I used both until Lowes cheated my on a dishwasher & install.... Starting with incompetence & lies about the real costs and ending with no interest from higher ups to address issues. I cannot recommend enough to buy stuff elsewhere! Anywhere else. Great. I purchased a Bosch dishwasher from Lowes on...
by KlingKlang
Fri Oct 06, 2017 5:15 pm
Forum: Investing - Help with Personal Investments
Topic: Where should I put my money?
Replies: 15
Views: 1797

Re: Where should I put my money?

Ruralavalon hit the nail on the head. Follow the steps at the end of his/her post and you are set. :sharebeer It was very good but maybe a bit too complex for someone who is starting out from a 100% MM after tax base. My suggestion would be to: Switch the Roth IRA from Total Stock Market to Target ...
by KlingKlang
Fri Oct 06, 2017 8:50 am
Forum: Investing - Help with Personal Investments
Topic: Where should I put my money?
Replies: 15
Views: 1797

Re: Where should I put my money?

You are at a good age to begin purchasing Series I Savings Bonds, but you are limited to $10K/year in purchases from Treasury Direct plus $5000 from your Federal income tax refund. They are liquid after one year, never lose principle, state and local tax free, and you can defer federal taxes for up ...
by KlingKlang
Thu Oct 05, 2017 11:09 am
Forum: Personal Finance (Not Investing)
Topic: That blank stare... ?
Replies: 49
Views: 3424

Re: That blank stare... ?

Johnsson wrote:
Thu Oct 05, 2017 7:18 am
Does anyone else get that blank stare from their spouse when you say two words about investing?
My wife ignores almost everything I say no matter what the subject is.
by KlingKlang
Thu Oct 05, 2017 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Retirees, how and how much do you pay for health insurance?
Replies: 33
Views: 4480

Re: Retirees, how and how much do you pay for health insurance?

Self 62, wife 63. ACA silver plan coverage is $759.27/month for the two of us. $500 deductible/year for each, I meet that in January but my wife never meets hers. Everything paid for from after tax savings. We need to go to Healthcare.gov every November 1st to renew or change coverage. Monthly incre...
by KlingKlang
Wed Oct 04, 2017 6:32 pm
Forum: Personal Consumer Issues
Topic: MoviePass-Too good to be true, but it's legit.
Replies: 147
Views: 18165

Re: MoviePass-Too good to be true, but it's legit.

Just wanted to point out that an iPhone or an Android phone is required to use MoviePass which leaves me out.

My wife and I haven't been to a movie since "The Lord of the Rings" ended due to the behavior of the other moviegoers.
by KlingKlang
Wed Oct 04, 2017 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Cash in a local bank or credit union
Replies: 54
Views: 3986

Re: Cash in a local bank or credit union

The primary reason that I always maintain accounts at a B&M bank within walking distance of our home is because my wife will not come closer than 20 feet to a computer or ATM, so if I drop dead she will need a physical location with human employees that she can get to for funds. Our checking account...
by KlingKlang
Tue Oct 03, 2017 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Senior citizens can lose everything [to professional guardians via court rulings]
Replies: 111
Views: 10697

Re: Senior citizens can lose everything [to professional guardians via court rulings]

Wow. This is really relevant to me personally since my 90 year old mother is currently in a rehabilitation facility after experiencing her seventh fall in the last two years (she likes to mix bourbon and pain pills). She lives alone in her suburban brick ranch and insists that she wants to die there...
by KlingKlang
Sun Oct 01, 2017 9:40 am
Forum: Personal Consumer Issues
Topic: a $2000 pizza
Replies: 19
Views: 2032

Re: a $2000 pizza

Pretty sure ingesting gold is toxic. Actually gold is one of the least toxic chemical elements and should not react with anything in the body. The only danger would be from a piece large or sharp enough to physically block or cut something in the digestive system. My wife took gold for Rheumatoid A...
by KlingKlang
Sun Oct 01, 2017 9:26 am
Forum: Personal Consumer Issues
Topic: a $2000 pizza
Replies: 19
Views: 2032

Re: a $2000 pizza

investing1012 wrote:
Sun Oct 01, 2017 9:20 am
Pretty sure ingesting gold is toxic.
Actually gold is one of the least toxic chemical elements and should not react with anything in the body. The only danger would be from a piece large or sharp enough to physically block or cut something in the digestive system.
by KlingKlang
Wed Sep 27, 2017 7:57 am
Forum: Personal Consumer Issues
Topic: Unbelievable AT & T
Replies: 29
Views: 3897

Re: Unbelievable AT & T

One other problem to beware of. When I used U-Verse for TV and ISP AT&T linked my Yahoo email account with their AT&T email service. After I cancelled U-Verse AT&T shut down my Yahoo email account. Yahoo refused to restore it because "I had to go through AT&T", AT&T refused me because "I wasn't a cu...
by KlingKlang
Tue Sep 26, 2017 8:32 am
Forum: Personal Consumer Issues
Topic: Tipping question....Applebees
Replies: 87
Views: 7464

Re: Tipping question....Applebees

I think there is some kind of emotional content to this business of Applebees computing on with-tax that hasn't surfaced in this discussion yet. There is also some emotional content about suggesting tips at all (the OP) that hasn't completely surfaced either. Bingo. The thing that I hate about tipp...
by KlingKlang
Mon Sep 25, 2017 8:31 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard charged me $140 in service fees
Replies: 31
Views: 6018

Re: Vanguard charged me $140 in service fees

Just curious why would you ask us (a random internet forum) instead of just calling Vanguard themselves and discussing the issue with them? Good luck. For issues like this it can be useful to get a group consensus of whether this was a mistake by Vanguard or a standard practice that everyone has to...
by KlingKlang
Sat Sep 23, 2017 8:50 am
Forum: Investing - Help with Personal Investments
Topic: Paid off my student loans. 29 and looking for retirement/downpayment saving advice
Replies: 4
Views: 492

Re: Paid off my student loans. 29 and looking for retirement/downpayment saving advice

Take a look at your old 401(k), new 401(k), and Roth IRA to determine what the asset allocation for all of your combined assets is and how much it differs from your desired asset allocation. Check out the stable value fund available in your 401(k). The expense ratio isn't too bad, if it yields more ...
by KlingKlang
Wed Sep 20, 2017 5:08 pm
Forum: Investing - Theory, News & General
Topic: Any "average Joe" here actually make out well with individual stocks?
Replies: 108
Views: 13762

Re: Any "average Joe" here actually make out well with individual stocks?

Losers: Cedar Fair LP(FUN) 300 shares Purchased 12/99 - 7/06 Sold 12/09 Loss $2900 Sold when the news turned bad, plus filling out the tax forms for this MLP by hand just got to be too painful. General Motors (GM) 100 shares Purchased 12/99 Sold 10/06 Loss $3900 My "Dogs of the DOW" pick. General El...
by KlingKlang
Tue Sep 19, 2017 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Online Bill Pay Security: Push or Pull?
Replies: 102
Views: 5336

Re: Online Bill Pay Security: Push or Pull?

I'm 100% 'push' from my bank checking account because I don't want anyone 'pulling' money out of it without me authorizing the specific transaction and amount. Three credit cards and one utility bill a month is not too much work using the bank's on line payment system. I'm more concerned about billi...
by KlingKlang
Mon Sep 18, 2017 11:45 am
Forum: Personal Consumer Issues
Topic: Sticky family/parental care situation...long post
Replies: 19
Views: 2246

Re: Sticky family/parental care situation...long post

Money should not be given without complete honesty and transparency or the gravy train gets cut off. My money, my rules. That would be my suggestion. "My money, my rules" only works when you are in a position to walk away from a situation and never look back. In this case the response could easily ...
by KlingKlang
Sun Sep 17, 2017 8:51 am
Forum: Personal Consumer Issues
Topic: Should I contact a lawyer?
Replies: 69
Views: 4135

Re: Should I contact a lawyer?

The public school at which my wife teaches claims that all materials produced by the teacher for use in class are the intellectual property of the school district, regardless of whose resources were used to produce the materials. Not sure if they could actually win a case in court if this was dispu...
by KlingKlang
Wed Sep 13, 2017 7:11 pm
Forum: Investing - Help with Personal Investments
Topic: Inactive Vanguard Accounts
Replies: 5
Views: 590

Re: Inactive Vanguard Accounts

I went ahead and voted her proxy online. Tomorrow I'll get in touch with my Flagship rep and see what he says.
by KlingKlang
Wed Sep 13, 2017 6:44 pm
Forum: Investing - Help with Personal Investments
Topic: Inactive Vanguard Accounts
Replies: 5
Views: 590

Re: Inactive Vanguard Accounts

Are the inactive accounts actually empty? If there is anything there, would you not want to manage it somehow? I would be surprised a zero value account had a vote. Actually they have about $400K in them. She doesn't understand anything about them except for the name Vanguard. I'm the co-owner so I...
by KlingKlang
Wed Sep 13, 2017 6:30 pm
Forum: Investing - Help with Personal Investments
Topic: Inactive Vanguard Accounts
Replies: 5
Views: 590

Inactive Vanguard Accounts

My mother has a couple of after-tax Vanguard accounts on which there has been no activity since 2009 (the year my father died). Last week she received a phone call supposedly from Vanguard asking if she was going to vote her proxies. She hung up on them. I just completed a proxy vote for an individu...
by KlingKlang
Wed Sep 13, 2017 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: The 10 year car ownership "rule"
Replies: 95
Views: 11637

Re: The 10 year car ownership "rule"

One thing that I have found is that by replacing my car before I have to, I can wait and replace it when I can find a great deal on my next car. The last car I replaced was only nine years old but I went on and replaced it when I found a great deal on a model year end close out. I could have waited...
by KlingKlang
Wed Sep 13, 2017 9:28 am
Forum: Investing - Help with Personal Investments
Topic: Experience with High Yielding Money Market Accounts
Replies: 31
Views: 4002

Re: Experience with High Yielding Money Market Accounts

PurePoint savings account is currently yielding 1.30%, $10,000 minimum, no other hoops to jump through.
by KlingKlang
Wed Sep 13, 2017 9:17 am
Forum: Investing - Help with Personal Investments
Topic: How often do you put money in Vanguard
Replies: 55
Views: 4973

Re: How often do you put money in Vanguard

When I was in the accumulation phase of my life I would mail in one check a month to my taxable MM account, then transfer part of that to my wife's taxable MM account, then transfer from those accounts to our respective tIRA and Roth IRA MM accounts. After that exchanged from MM accounts into our va...
by KlingKlang
Tue Sep 12, 2017 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 vs Capital One Money Market
Replies: 6
Views: 1411

Re: Capital One 360 vs Capital One Money Market

I've done it. No problems. Not sure if they will let you keep an account active with a zero balance.

Then I switched everything over to PurePoint for the 1.30% APY. Also no problems.
by KlingKlang
Tue Sep 12, 2017 1:53 pm
Forum: Personal Consumer Issues
Topic: Is it really Worth it to brown bag your lunch at work?
Replies: 313
Views: 20887

Re: Is it really Worth it to brown bag your lunch at work?

It really depends on the company culture. I have worked at a couple of places where the boss and his 'A-Team' left for their three hour lunch at 11 every day and dropped their work off on my desk because I could do it while I was brown bagging it.
by KlingKlang
Mon Sep 11, 2017 11:13 am
Forum: Investing - Help with Personal Investments
Topic: PurePoint Savings 1.30% Reviews
Replies: 4
Views: 685

Re: PurePoint Savings 1.30% Reviews

Switched over in May, no complaints. ACH transfers go through in the standard two days. I like that they post interest promptly even if it's a weekend instead of making you wait a couple of days extra like most do. I don't use mint.com.