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Sorry guys, I left my compound interest calculator on monthly instead of annually. Since we're talking about S&P 500 with annualized average returns of 10.2%, the compound interst calculation should be set to annual and not monthly. Using my earlier example, if I put $100/month into an account...

Here's a couple useful charts: A comparison of investing in top 50, 100, 200, 500, and 1000 stocks on the S&P 500: https://www.portfoliovisualizer.com/fund-performance?s=y&sl=7AFcnMUsxfXxnY1iyaUhvf A comparison of bonds/stocks portfolio models and average returns...

There's a lifetime limit of $35,000 on 529 to Roth IRA conversion. The annual IRA contribution limit is $7,000. This includes 529 to Roth IRA conversion: https://www.fidelity.com/learning-center/personal-finance/529-rollover-to-roth To have $60,000 in Roth IRA by age 18, you'd need to...

That early start, or early lump sum is critical in achieving critical mass for the snowball rolling downhill. Using my earlier example of 59 year investment span for my 4 year old, if I invest $100/month from ages 4-18 (14 years) into S&P 500 and stop contribution at age 18, the account will...

S&P 500 index is one of the best investment choices with historical returns of 10.2% annually: https://investor.vanguard.com/investor-resources-education/education/model-portfolio-allocation With Buffett's 90/10 model portfolio for his spouse, the above chart shows historical returns of 9.9%...

Forsyth County might have better weather (fewer extreme heat days) than inland areas of CA by 2050: https://www.maps.com/heat-gov-maps-monitor-and-forecast-extreme-heat-events-through-2050/ The Blue Ridge Mountain areas is predicted to have cooler temp.

In general, 529 plans reduce aid eligibility by up to 5.64% of the asset value, versus UGMA will reduce aid eligibility by 20% of the asset value. The $3 million calculation assumes $36,380.92 in her account at age 18 plus another 45 years of compounding interest. As soon as she is old enough...

I've been a Vanguard customer for over 2 decades and I'm inclined to agree. If you look at John Bogle's keynote at Bogleheads convention in 2018, he was still mentally sharp and kept a close eye on the company. Like James Sinegal (former Costco CEO & Co-Founder), even in retirement, nobody...

Buffett has a long and profitable relationship with GEICO. But before Buffett there was Benjamin Graham, who bought 50% of GEICO in 1948 for $712,000. Graham became the chairman of GEICO and by 1972, the investment had grown to $400 million in value. Buffett was rejected by Harvard and opted...

I figured out the issue with accessing the "Excess Removal" form online. For whatever asinine reason, when you click on the link to access the form it dumps you to the "Excess contributions, recharacterizations and Roth conversions" page and by default, there is no form or document displayed...

Going further down the rabbit hole... So the Vanguard Retirement Group could not perform the excess removal until the funds has settled. I had to wait until today to call back and make the excess removal request. The Retirement Group support person filled out an excess removal form and send...

I’m looking for a skinny tall bookcase, 24” wide and 6”-ish deep. The IKEA ones are 9” deep. I remember they used to sell thin bookcase for paperbacks. Please let me know if you’ve seen one for sale somewhere.

Why does the US government subsidize the car industry? When you count tax revenue from activities related to car industry - sales, parts, service, worker's paychecks (9.6 million jobs), company revenue, etc., the industry contributes >$110 billion to State and >$126 billion to Federal tax...

I have a 529 account for my daughter at Vanguard, which actually has a decent selection of investment options: https://investor.vanguard.com/investment-products/list/529-portfolios I skipped right over the target date funds and put 100% into index fund. As she gets older and closer to college...

Couple weeks back, I submitted an application to open a custodian Roth IRA account for my daughter at Vanguard. However, after speaking with my accountant, she informed me that the account can only be funded by my child's "earned income" and money given to her for doing chores (folding laundry)...

^^^ for $10.99 you get the sandwich/burger, choice from 14 different sides, a drink, and soup or salad.

https://finance.yahoo.com/news/chilis-takes-aim-fast-food-130000299.html Chili's® Takes Aim at Fast Food by Introducing the Big Smasher Burger as Part of Its 3 For Me Menu PR Newswire Mon, Apr 29, 20244 min read Making one of the best deals in dining even better, the grill & bar's 3 For Me...

There's a stark difference between how long a billionaire might serve in prison if they retained their net worth, versus "former" billionaires like Sam Bankman-Fried. Michael Milken, Jay Y. Lee (Samsung), S. Curtis Johnson, and CZ (Changpeng Zhao) all served short sentences and retained their...

At what point is INTC a cigar butt worthy of being picked up?

Despite being profitable, Intel is getting trashed by the press right now…