Search found 646 matches

by KlingKlang
Mon Feb 27, 2017 5:35 pm
Forum: Personal Consumer Issues
Topic: New car or hand down used car to college student?
Replies: 19
Views: 2003

Re: New car or hand down used car to college student?

We were in almost the identical situation with my daughter - commuted to a local college that we drove her to/let her borrow my car; needed transportation for an internship position between junior and senior years. She said that she was fine using my car (2004 Chevy Malibu) and that I should get a n...
by KlingKlang
Mon Feb 27, 2017 5:07 pm
Forum: Investing - Help with Personal Investments
Topic: A little guidance needed to get started
Replies: 8
Views: 1054

Re: A little guidance needed to get started

So if I put the money I have in my IRAS into a Target Retirement Fund will I be able to take that money out and re-allocate it to other funds that I may want to try once I get better educated.? Technically you don't want to take money out of an IRA since that will probably trigger a taxable event. ...
by KlingKlang
Sun Feb 26, 2017 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: A little guidance needed to get started
Replies: 8
Views: 1054

Re: A little guidance needed to get started

Welcome to the forum! It looks like you are stuck with me for the second response. With being a one paycheck household be sure that you have at least six months expenses in emergency funds and an appropriate level of term life insurance. I would start with Target date funds (2060?) for both of your ...
by KlingKlang
Fri Feb 24, 2017 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Total Bond Fund?
Replies: 9
Views: 965

Re: Is this a good time to buy more Total Bond Fund?

livesoft wrote:I sold some Total US Bond today, so that's my answer. I hope it tanks, so that I can buy it back at a lower price.
I bought some Total US Bond yesterday because that is my rebalancing day of the month and my bond allocation is below the 30% called for in my asset allocation plan.
by KlingKlang
Tue Feb 21, 2017 4:27 pm
Forum: Personal Consumer Issues
Topic: Disney Cruise instead of Disney World?
Replies: 45
Views: 5381

Re: Disney Cruise instead of Disney World?

There's no chance we'd pull our son out of school for a vacation. Thank you. I can't believe that there are people that attach so little importance to their childrens' education that they would even consider this. We took our daughter to Disney World when she was five and then had to take her back ...
by KlingKlang
Tue Feb 21, 2017 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: What are the big things to get right?
Replies: 91
Views: 14735

Re: What are the big things to get right?

1. Marry someone who thinks about money in a way similar to yourself. 2. Make all major financial decisions together. 3. Save and spend money together. When chemistry and love enter the picture, and you're young, do you really think a person is going to make a decision based on determining whether ...
by KlingKlang
Tue Feb 21, 2017 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: When do you need an annuity?.
Replies: 25
Views: 3260

Re: When do you need an annuity?.

One other question though...masteraleph you said, "I-bonds could be better in a high inflation environment, but give the fact that the fixed rates on them have been below .70% since May 1 2009, below 1% since May 1 2008, and below 2% since Nov 1 2002, you run into the problem that your principal fo...
by KlingKlang
Tue Feb 21, 2017 1:20 pm
Forum: Personal Consumer Issues
Topic: Do you replace your electrical switches/outlets or use an electrician?
Replies: 93
Views: 7522

Re: Do you replace your electrical switches/outlets or use an electrician?

I'm an engineer so I always did electrical work myself, but 25 years as a diabetic has decreased both my eyesight and finger sensitivity to the point that it has become problematic. Our house has a GFCI outlet in the circuit breaker box that covers about half of the outlets in the house, I screwed u...
by KlingKlang
Mon Feb 20, 2017 2:25 pm
Forum: Investing - Help with Personal Investments
Topic: When do you need an annuity?.
Replies: 25
Views: 3260

Re: When do you need an annuity?.

One other question though...masteraleph you said, "I-bonds could be better in a high inflation environment, but give the fact that the fixed rates on them have been below .70% since May 1 2009, below 1% since May 1 2008, and below 2% since Nov 1 2002, you run into the problem that your principal fo...
by KlingKlang
Fri Feb 17, 2017 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Service problems in the news
Replies: 24
Views: 4012

Re: Vanguard Service problems in the news

I had exactly the same situation as Mr. Salmans in the article with wanting to transfer funds from my daughter's UTMA account to her Roth IRA once she turned 18. I was a lowly Select investor back then but the representative understood exactly what I wanted, started the process, and then had me call...
by KlingKlang
Tue Feb 14, 2017 11:36 am
Forum: Investing - Help with Personal Investments
Topic: What to do with daughter's $100
Replies: 73
Views: 5440

Re: What to do with daughter's $100

But I'm not okay that she is not going out into the world and exploring, dating, etc.. or making something of herself.. I often ask her (when she is tired and frustrated with work) if she plans to retire there. That seems to get her going. The problem is that if she never saves anything she will ne...
by KlingKlang
Mon Feb 13, 2017 12:17 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with daughter's $100
Replies: 73
Views: 5440

Re: What to do with daughter's $100

Hi MGTRP0309, I just wanted to comment that you did not specifically ask how to get your daughter to move out, only on how to get her to start saving. While the consensus in modern America is that anyone living with their parent(s) after the age of 30 is an example of 'Failure to launch', other cult...
by KlingKlang
Sat Feb 11, 2017 9:20 am
Forum: Investing - Theory, News & General
Topic: 'Won the game', but what factors could potentially derail it?
Replies: 57
Views: 5468

Re: 'Won the game', but what factors could potentially derail it?

livesoft wrote:Divorce, theft, confiscation by government, lack of casulty insurance
Add major health problems, long-term care for self, children, or parents, lack of liability insurance.
by KlingKlang
Thu Feb 09, 2017 7:20 pm
Forum: Local Chapters and Bogleheads Community
Topic: Your USER NAME...what does it mean?
Replies: 408
Views: 43755

Re: Your USER NAME...what does it mean?

Third grade nickname making fun of my actual last name. Also the sound that machinery makes when it is not working correctly.
by KlingKlang
Tue Feb 07, 2017 12:50 pm
Forum: Personal Consumer Issues
Topic: College kids driving cars (to live off campus)
Replies: 44
Views: 3557

Re: College kids driving cars (to live off campus)

For a blast from the past, (re)watch Animal House (1978) to see what can happen to the only guy (Flounder) in a frat with an on-campus car.

ROAD TRIP!
by KlingKlang
Tue Feb 07, 2017 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: Start Roth IRA w/ 5 years until retirement?
Replies: 6
Views: 763

Re: Start Roth IRA w/ 5 years until retirement?

Just wanted to add that you have until April 15, 2017 to make a contribution for 2016, so if you want you can squeeze in six years of contributions instead of just five. You are not limited to your initial choice of VBMFX in your Roth IRA, you can add different funds or exchange between funds inside...
by KlingKlang
Mon Feb 06, 2017 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Two Years to Retirement – Please review and comment [1 year update]
Replies: 62
Views: 9667

Re: Two Years to Retirement – Please review and comment

I would urge you to double check your Social Security benefit calculation. You state that you are a "low income" couple and your wife's benefit of $8000/year at FRA would seem to confirm this, yet your plans for "$49,000 (my benefit + spousal benefit) at age 68" are at the level of someone with a l...
by KlingKlang
Mon Feb 06, 2017 8:08 pm
Forum: Personal Consumer Issues
Topic: Disney Cruise instead of Disney World?
Replies: 45
Views: 5381

Re: Disney Cruise instead of Disney World?

"Do you happen to have a source on the legality of removing your child from school to take a vacation? I can't find one anywhere." While I do not necessarily agree with them in NY state where we are these are found under the NY state Educational requirements as well as under the NY child protective...
by KlingKlang
Mon Feb 06, 2017 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Keep a Local Bank?
Replies: 76
Views: 6377

Re: Keep a Local Bank?

Some people are comfortable using an ATM. Personally I'm not. For that reason alone I want to be able to walk into a branch and deposit/withdraw money. Plus, even if I was interested in using an ATM, from my understanding the withdrawal limits are relatively low. Maybe that has changed over the yea...
by KlingKlang
Mon Feb 06, 2017 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Two Years to Retirement – Please review and comment [1 year update]
Replies: 62
Views: 9667

Re: Two Years to Retirement – Please review and comment

I would urge you to double check your Social Security benefit calculation. You state that you are a "low income" couple and your wife's benefit of $8000/year at FRA would seem to confirm this, yet your plans for "$49,000 (my benefit + spousal benefit) at age 68" are at the level of someone with a li...
by KlingKlang
Mon Feb 06, 2017 10:02 am
Forum: Personal Consumer Issues
Topic: Disney Cruise instead of Disney World?
Replies: 45
Views: 5381

Re: Disney Cruise instead of Disney World?

There's no chance we'd pull our son out of school for a vacation. Thank you. I can't believe that there are people that attach so little importance to their childrens' education that they would even consider this. We took our daughter to Disney World when she was five and then had to take her back ...
by KlingKlang
Sun Feb 05, 2017 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Keep a Local Bank?
Replies: 76
Views: 6377

Re: Keep a Local Bank?

My wife won't go within 10 feet of a computer, a smartphone, or an ATM, so in case I drop dead (more and more likely) I can't see any alternative to a local B&M bank. Luckily we have about eight of them in easy walking distance. Plus they still redeem US Savings Bonds.
by KlingKlang
Sat Feb 04, 2017 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Seeking comfortable car seat
Replies: 19
Views: 1749

Re: Seeking comfortable car seat

It's not as classy as buying a luxury car with super seats, but I've been using a car seat cushion for years with good results. https://www.walmart.com/ip/Car-Seat-Back-Support-Cushion/35004870 Note: This is not exactly the same model that I use, but I am ashamed to post a picture of the car seat cu...
by KlingKlang
Mon Jan 30, 2017 9:22 am
Forum: Investing - Help with Personal Investments
Topic: Please Help with 25 Year Old Daughter-In-Law.
Replies: 36
Views: 6715

Re: Please Help with 25 Year Old Daughter-In-Law.

Has your DIL given any indication whether she intends to divorce your son or remain married to him? In this situation I would be very concerned that any funds donated to your DIL and grandchildren would end up in your son's pocket as soon as he is out of prison. 529 accounts allow you to control mon...
by KlingKlang
Sat Jan 28, 2017 9:37 am
Forum: Investing - Help with Personal Investments
Topic: Humble brag finally got admiral shares in taxable account
Replies: 29
Views: 4377

Re: Humble brag finally got admiral shares in taxable account

Regardless, there is great truth in the first $10K, first $100K, first $1 M etc being the hardest so congratulations. I remember hitting 5, 6, and 7 figures. Wish I'd celebrated them more. That's when you break out the Johnnie Walker. Red for five figures, black for six, green for seven, blue for e...
by KlingKlang
Tue Jan 24, 2017 5:35 pm
Forum: Personal Consumer Issues
Topic: Display original photos or make reproductions?
Replies: 13
Views: 1121

Re: Display original photos or make reproductions?

I'm no expert, but aren't the negatives the actual "originals"?

Otherwise take your expert friend's advice.
by KlingKlang
Tue Jan 24, 2017 5:21 pm
Forum: Investing - Help with Personal Investments
Topic: minimum necessary to retire at defined expense level
Replies: 37
Views: 4096

Re: minimum necessary to retire at defined expense level

It seems that, as a general matter, many (most?) companies pay a constant or growing absolute dividend per share, regardless of stock price, including in market downturns. This means that the dividend yield stays the same or even goes up as stock prices go down. Probably a little late chiming in he...
by KlingKlang
Tue Jan 17, 2017 4:21 pm
Forum: Investing - Help with Personal Investments
Topic: When is a 401k not worth it?
Replies: 32
Views: 2789

Re: When is a 401k not worth it?

What's the one fund with the low(er) expense ratio? Can you use it together with the holdings in your Roth(s) to get the asset allocation that you desire?
by KlingKlang
Mon Jan 16, 2017 8:57 am
Forum: Investing - Theory, News & General
Topic: Retired, expenses covered but still growing portfolio, why?
Replies: 46
Views: 5235

Re: Retired, expenses covered but still growing portfolio, why?

The stock market has been on a big bull run lately, so somebody who retired in the last 5-10 years has probably seen their portfolio grow even if they are taking distributions from it. But that trend can and eventually will reverse. If the market drops 20% this year and you're mostly in stocks, you...
by KlingKlang
Sun Jan 15, 2017 10:12 am
Forum: Investing - Theory, News & General
Topic: Retired, expenses covered but still growing portfolio, why?
Replies: 46
Views: 5235

Re: Retired, expenses covered but still growing portfolio, why?

The first thing that comes to mind is that these portfolios are being used to self insure against future medical and assisted living expenses. Most of the projections that I have run show retiree portfolios increasing during the first decade or so of retirement but then declining. Inflation is relen...
by KlingKlang
Sat Jan 14, 2017 10:33 am
Forum: Personal Consumer Issues
Topic: How much do you typically spend in a restaurant?
Replies: 171
Views: 13396

Re: How much do you typically spend in a restaurant?

... Does anybody else look down at a $30 entree in a restaurant and think, "this would've cost $1 at home"? :shock: I can't ever recall looking at a $30 dish and thinking it would cost $1 at home. what do I eat? what do you eat? for that matter what do you eat for $10 that you can't make at home? I...
by KlingKlang
Thu Jan 12, 2017 10:02 pm
Forum: Personal Consumer Issues
Topic: How much do you typically spend in a restaurant?
Replies: 171
Views: 13396

Re: How much do you typically spend in a restaurant?

5% from U-Promise, and 7% from Yelp. Do you mind providing some more details on these programs and how someone could join them? https://www.upromise.com/ https://www.yelp-support.com/article/How-does-the-Yelp-Cash-Back-program-work?l=en_US These programs only cover certain restaurants and you have ...
by KlingKlang
Thu Jan 12, 2017 3:58 pm
Forum: Personal Consumer Issues
Topic: How much do you typically spend in a restaurant?
Replies: 171
Views: 13396

Re: How much do you typically spend in a restaurant?

Sunday my wife and myself went to our favorite Japanese/Chinese All-You-Can-Eat buffet. Senior meals, tax (8%), and tip ($2.00) were $23.58 (VISA) plus a $1.00 cash tip for the sushi people. We get 3% back from our VISA card, 5% from U-Promise, and 7% from Yelp.
by KlingKlang
Thu Jan 12, 2017 9:24 am
Forum: Personal Finance (Not Investing)
Topic: File taxes with $0 income with a dependent?
Replies: 29
Views: 2760

Re: File taxes with $0 income with a dependent?

They don't have any medical coverage (unwise, I know) and I've been encouraging her to apply for Medicaid. Ouch. This could actually make them subject to the ACA penalty for not having health insurance. There are a number of exceptions for things like bankruptcy and homelessness, and the penalty is...
by KlingKlang
Wed Jan 11, 2017 9:01 pm
Forum: Investing - Help with Personal Investments
Topic: Nearing Retirement's Horizon - Advise Please
Replies: 18
Views: 2759

Re: Nearing Retirement's Horizon - Advise Please

Portfolio Questions Retiring in 2 years. Have saved enough to meet projected expenses, but no more. Upper 6 figures. Retirement home Washington State – 460K; 319K (3.875%) owed (28 years left of a 30 mortgage); Currently renting which pays interest, I pay principle. Current home Illinois – 150K; Ow...
by KlingKlang
Wed Jan 11, 2017 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: How to build passive income
Replies: 45
Views: 6180

Re: How to build passive income

As an alternative to your traditional rental property, what about buying vacant land that can generate income from grazing cattle, allowing harvesting of hay or timber, keeping of horses, etc. It seems there would be minimal upkeep, low taxes, and land is a finite resource. I thought that the follo...
by KlingKlang
Wed Jan 11, 2017 11:03 am
Forum: Investing - Help with Personal Investments
Topic: Tight Budget Noobie help with Retirement
Replies: 31
Views: 2320

Re: Tight Budget Noobie help with Retirement

Here's a few of my observations: Consider keeping enough emergency funds so that you don't have to borrow in case of unexpected costs on that new home. You say that you want a 100% allocation to stocks but your Roth IRA STAR account is actually 63% stocks, 25% bonds, and 12% cash. You have $20k spli...
by KlingKlang
Tue Jan 10, 2017 9:34 am
Forum: Personal Finance (Not Investing)
Topic: File taxes with $0 income with a dependent?
Replies: 29
Views: 2760

Re: File taxes with $0 income with a dependent?

She was probably on Medicaid, but if she did have health insurance through the ACA and received subsidies then she would be required to file. "Didn't make any money in 2016" seems pretty extreme. Just because she and her dependent didn't receive a paycheck doesn't mean that they didn't have any repo...
by KlingKlang
Mon Jan 09, 2017 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Do you avoid aggregators? Best expense tracker for manual entry?
Replies: 13
Views: 1310

Re: Do you avoid aggregators? Best expense tracker for manual entry?

I've been tracking my finances in detail all of my adult life, but I'm still using a manual entry double entry accounting shareware program from 1985. Just finished up 2016 this weekend. Obviously the graphics aren't state of the art, but the printed reports work fine.
by KlingKlang
Mon Jan 09, 2017 9:22 am
Forum: Personal Finance (Not Investing)
Topic: How many $ to self fund long term care?
Replies: 73
Views: 7669

Re: How many $ to self fund long term care?

And what do you expect your loved ones to do? (Don't say homicide.) California, Colorado, Oregon, Vermont, and Washington have Death with Dignity statutes. In Montana, physician-assisted dying is legal by State Supreme Court ruling. https://www.deathwithdignity.org/learn/access/ That's good informa...
by KlingKlang
Sun Jan 08, 2017 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: How many $ to self fund long term care?
Replies: 73
Views: 7669

Re: How many $ to self fund long term care?

Have you ever known or dealt with an elderly person with dementia? Many, which is why I plan to do everything within my power to make sure I don't end up like that. If if become incapacitated too quickly, then my loved ones know what needs to be done. And what do you expect your loved ones to do? (...
by KlingKlang
Fri Jan 06, 2017 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: How much cash do you keep?
Replies: 103
Views: 12122

Re: Retirees: How much cash do you keep?

I am really trying to wrap my head around this topic as I plan to retire early and am worried about sequence of returns risk. I have a 4-5 year cash position. I don't see how you could justify not having a significant cash equivalent position to decrease risk of disaster. I am including cash/ibonds...
by KlingKlang
Thu Jan 05, 2017 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: spousal disagreement over how much house to buy
Replies: 99
Views: 7830

Re: spousal disagreement over how much house to buy

stopped reading when you said you were married. obviously you have zero interest in the Boglehead lifestyle or financial independence in general. of course she wants the more expensive house, that's what wives do. FIRST THING'S FIRST: divorce your wife and give her sole custody of the kids. buy an ...
by KlingKlang
Thu Jan 05, 2017 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Pay Deferral Question
Replies: 2
Views: 310

Re: Pay Deferral Question

Whichever year's W-2 your income gets reported on is the year that you report it on your tax returns, so from your standpoint this is a fine idea. As I understand it you actually wouldn't receive the money until the following year so this is legitimate from your standpoint. Of course it is up to you...
by KlingKlang
Wed Jan 04, 2017 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: spousal disagreement over how much house to buy
Replies: 99
Views: 7830

Re: spousal disagreement over how much house to buy

I'm unclear on whether your "new construction" dream house is already complete or have you just toured a model home in the development? Be aware that waiting for a developer to build a new house for you is fraught with delays, cost overruns, and not getting what you ordered. What is the actual price...
by KlingKlang
Tue Jan 03, 2017 3:33 pm
Forum: Investing - Theory, News & General
Topic: Marijuana stocks
Replies: 28
Views: 4336

Re: Marijuana stocks

I am sure that there are huge opportunities in this area. Diversified index investing is based on the idea that separating the huge opportunities from the trash is too much work. Do you work in the marijuana industry or otherwise know a lot about it? Because if you do, then you may have already fou...
by KlingKlang
Tue Jan 03, 2017 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Nursing Homes and Estate Planning
Replies: 11
Views: 1548

Re: Nursing Homes and Estate Planning

So my dad probably is going to resist telling us everything he has - but I'm thinking if I can get my hands on their joint tax return - would that be a complete accounting of everything they have? Their tax returns will not contain a complete accounting of their financial assets, but if they have m...
by KlingKlang
Tue Jan 03, 2017 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: I-bonds
Replies: 41
Views: 7271

Re: I-bonds

You can't buy paper ones at the local bank anymore (nor redeem them there). While it is true that you can't buy savings bonds at your local bank anymore I just got back from redeeming my 30 year old (January 1987) EE bonds at my B&M bank. Many banks require that you have accounts with them before t...
by KlingKlang
Tue Jan 03, 2017 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Tracking mileage with non-working odometer
Replies: 19
Views: 1244

Re: Tracking mileage with non-working odometer

I had a crazy mental image of you throwing out a weight at the end of a mile long line and then stopping to reel it in every mile. Have you gotten an estimate of how much it would cost to get your odometer fixed? I think that the documentation that the IRS is looking for is a daily mileage log. I ca...
by KlingKlang
Tue Jan 03, 2017 8:55 am
Forum: Personal Consumer Issues
Topic: Large purchase anxiety!
Replies: 24
Views: 4653

Re: Large purchase anxiety!

I tend to have some emotional whiplash for a couple of days after a large purchase. It's usually not about doubting the decision process, and I never finance anything (even houses), so I think that's it's mostly about just parting with a lot of money.