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Re: Salary Negotiation Help

I agree with Leonard's comment, though I would also suggest that switching costs go both ways. There are recruitment costs and risk associated with the nonprofit losing you, but there's also switching costs to you if you leave: there's risk you may not enjoy the new company, you may need to uproot y...
by Bfwolf
Thu Apr 17, 2014 1:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Salary Negotiation Help
Replies: 6
Views: 869

Re: Unexpected dental bill

Wow, this is indeed a crummy situation. What you've paid already should be your maximum liability. It's the amount based on the higher codes the the dentist submitted. I think your next step is getting the dentist's office to agree to that logic and cancel the bill they sent to you. Then you can wor...
by Bfwolf
Wed Apr 09, 2014 2:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Unexpected dental bill
Replies: 22
Views: 2239

Re: To MBA or not MBA?

80% of the value of a "name" school is the job it helps you get immediately upon graduation. After that, every other job you get will be based on the last job you had--nobody will care what school you went to as long as you can check the MBA box. Is your plan to leverage the MBA to get a n...
by Bfwolf
Fri Apr 04, 2014 4:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: To MBA or not MBA?
Replies: 57
Views: 4521

Re: Advice on restructuring elderly parents portfolio

Selling the losers seems like good advice to me. I think Peter Foley's advice to sell the most modest winners until you're down to $6K of losses makes sense...that will give your parents 2 years of $3K deductions on their taxes and allow you to diversify the portfolio a bit. Since your parents are u...
by Bfwolf
Sun Mar 23, 2014 6:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice on restructuring elderly parents portfolio
Replies: 19
Views: 1302

Re: Purchase farmland or sell it?

Put me in the "sell it" camp. You wouldn't buy farmland if you didn't inherit it, so how is this any different?
by Bfwolf
Tue Mar 04, 2014 11:55 am
 
Forum: Personal Finance (Not Investing)
Topic: Purchase farmland or sell it?
Replies: 33
Views: 1850

Re: Choosing my MBA program... Looking for advice

Save the $56K. Brand and recruiting opportunities are irrelevant since you're staying at your company. Nobody 3 years after your graduation will care whether you went to BU or UMass. You can learn the principles at both schools. I'm a little skeptical of online, but if you put in the work, you'll le...
by Bfwolf
Thu Feb 13, 2014 11:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Choosing my MBA program... Looking for advice
Replies: 11
Views: 1415

Re: technology's impact

I'm not too worried. There will always be plenty of jobs for humans until artificial intelligence advances to the point that it's superior to humans. The kinds of jobs will change of course, and so will the education system preparing people for such jobs. I think it's definitely true that those who ...
by Bfwolf
Sun Jan 19, 2014 1:45 pm
 
Forum: Investing - Theory, News & General
Topic: technology's impact
Replies: 18
Views: 938

Re: Husband Left Me In Charge – Round 2

Wow, those are some big increases to your taxable account coming. That will certainly be nice and will allow you to put more of the money in his 401k in the Pimco Total Return Bond fund and stay within your asset allocation. Retiredjg's suggestions are good ones. I think I prefer his second portfoli...
by Bfwolf
Tue Jan 14, 2014 12:55 am
 
Forum: Investing - Help with Personal Investments
Topic: Husband Left Me In Charge – Round 2
Replies: 17
Views: 3236

Re: Husband Left Me In Charge – Round 2

One thing that I thought about while I was sleeping last night is the possibility of sales loads in his 401k considering how bad the options are. On REREX you are fine. But on that Pimco Total Return A fund, there is a 3.75% max front end sales load. http://finance.yahoo.com/q/pr?s=PTTAX+Profile Bef...
by Bfwolf
Mon Jan 13, 2014 10:51 am
 
Forum: Investing - Help with Personal Investments
Topic: Husband Left Me In Charge – Round 2
Replies: 17
Views: 3236

Re: Husband Left Me In Charge – Round 2

The big problem you have is that half your money is sitting in his 401k with terrible investment options. With that in mind, I'd suggest a temporary adjustment to your asset allocation where you don't buy any TIPS, and instead put all 20% of your bond allocation into nominal bonds. You can buy that ...
by Bfwolf
Sun Jan 12, 2014 11:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Husband Left Me In Charge – Round 2
Replies: 17
Views: 3236

Re: Made a $50k bet on Healthcare

...that thread gave me a new idea. instead of trying to catch a falling knife, i'm going to ride the wave.... Do what you like, but I am going to warn you seriously about the danger of slogans. Specifically, the danger of maintaining some little private stock of maxims and slogans, all mutually con...
by Bfwolf
Sat Jan 11, 2014 1:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Made a $50k bet on Healthcare
Replies: 43
Views: 4814

Re: Windfall with maxed out retirement accounts

I concur with the advice you've received so far. Congratulations on doing a good job saving at an early age, and sorry for your loss.
by Bfwolf
Sat Jan 11, 2014 1:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Windfall with maxed out retirement accounts
Replies: 5
Views: 514

Re: Looking for Actual Experiences with Umbrella Insurance

It seems like many of the usage occasions for umbrella insurance are car accidents. I don't own a car, and only drive a few times a year when I travel for work. My work always says I should decline add'l insurance coverage from the rental car company....should I assume that if I'm traveling for the ...
by Bfwolf
Fri Jan 10, 2014 2:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Looking for Actual Experiences with Umbrella Insurance
Replies: 79
Views: 6288

Re: review my AA please?

You can read about the pros and cons of holding International Bonds here.: http://www.bogleheads.org/wiki/Developed_market_bonds#Pros_and_cons_of_international_bond_investing In today's low interest rate environment, holding the international bonds in a taxable account may not be so bad. But if inte...
by Bfwolf
Fri Dec 27, 2013 1:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: review my AA please?
Replies: 10
Views: 717

Re: review my AA please?

For most of those domestican and int'l funds, you have more complexity than is ideal, but I think dealing with a little complexity is OK to avoid a big capital gains hit. The worst of them is the RSP which has an expense ratio of 0.4% vs the 0.05% you could get with Vanguard Total Stock Market Admir...
by Bfwolf
Thu Dec 26, 2013 4:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: review my AA please?
Replies: 10
Views: 717

Re: Things to do in January?

Rollover HSA to another HSA outside my employer every January. A wise move certainly, although I do have an ongoing horror story associated with this. I completed a trustee to trustee transfer from my company-sponsored HSA with US Bank (which has terrible investment options) to my HSA with HSA Bank...
by Bfwolf
Thu Dec 26, 2013 4:00 pm
 
Forum: Investing - Theory, News & General
Topic: Things to do in January?
Replies: 27
Views: 3171

Re: New job. No access to 401(K) for 12 months!

Keep in mind that if you are not included in a company retirement plan, then there is no income limit for contributing pre-tax to a traditional IRA. So at least that's $5,500 of pre-tax savings you can do next year.
by Bfwolf
Thu Dec 26, 2013 3:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: New job. No access to 401(K) for 12 months!
Replies: 11
Views: 781

Re: review my AA please?

You have $1MM at age 35, so you're obviously in good shape. I would recommend consolidating all the domestic equities in your taxable to Vanguard Total Stock Market and all int'l equities to Vanguard Total Int'l Stock Market. I wonder if you haven't done that due to capital gains. I'd also suggest d...
by Bfwolf
Thu Dec 26, 2013 3:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: review my AA please?
Replies: 10
Views: 717

Re: Quitting Job of 20yrs to start business

Hopefully, the business was a big success. In any event, I sent the OP a PM asking him to come back and update us.
by Bfwolf
Thu Dec 26, 2013 10:48 am
 
Forum: Personal Finance (Not Investing)
Topic: Quitting Job of 20yrs to start business
Replies: 31
Views: 3684

Re: Totally New to BogleStyle after firing adviser. Please h

Let me start by saying you are going to be alright no matter what. I understand feeling anxious about your retirement, but you really are in a good position. Several things would have to go against you to put you in a position to not be able to retire when you're 66 with the lifestyle you want. Even...
by Bfwolf
Wed Dec 25, 2013 5:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Totally New to BogleStyle after firing adviser. Please help!
Replies: 27
Views: 2713

Re: Totally New to BogleStyle after firing adviser. Please h

It would also be helpful to know if the $85K you want to get from your retirement accounts is pre-tax or post-tax since your retirement accounts are all tax-deferred. i.e. will $85K/year be enough to support your lifestyle AND pay the taxes incurred from the $85K/year distribution?
by Bfwolf
Mon Dec 23, 2013 2:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Totally New to BogleStyle after firing adviser. Please help!
Replies: 27
Views: 2713

Re: Totally New to BogleStyle after firing adviser. Please h

The question is whether you really need 75/25 to accomplish your objectives. It sounds like you don't if you want to withdraw $85K/year from your retirement portfolio based on math from 22twain (which I confess I did not double-check). 75/25 is a high risk portfolio for a 10 year time horizon. You m...
by Bfwolf
Mon Dec 23, 2013 2:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Totally New to BogleStyle after firing adviser. Please help!
Replies: 27
Views: 2713

Re: Do you adjust your asset allocation for future taxes?

Just to be clear, as a couple of posts seemed confused:

This poll is not about which asset class should you put in which asset location.

It's about whether you take the future taxes inherent in asset location into account when calculating your asset allocation percentages.
by Bfwolf
Fri Dec 20, 2013 10:25 pm
 
Forum: Investing - Theory, News & General
Topic: Do you adjust your asset allocation for future taxes?
Replies: 26
Views: 1019

Re: Do you adjust your asset allocation for future taxes?

Manwithnoname, Shouldn't the tax-deferred account withdrawals be viewed as the last $s out when thinking about effective taxation rate? The alternative to pulling out the tax-deferred $s would be to pull out $s from accounts that have already been taxed. Thus, by having tax-deferred accounts and tak...
by Bfwolf
Fri Dec 20, 2013 10:14 pm
 
Forum: Investing - Theory, News & General
Topic: Do you adjust your asset allocation for future taxes?
Replies: 26
Views: 1019

Do you adjust your asset allocation for future taxes?

In tax deferred accounts, the government owns a percentage of your account. If you have $1,000,000 in a traditional IRA, the reality is that you own $750,000 and the government owns $250,000 (or whatever split your retirement tax bracket will entail). In taxable accounts, capital gains you've earned...
by Bfwolf
Fri Dec 20, 2013 9:30 pm
 
Forum: Investing - Theory, News & General
Topic: Do you adjust your asset allocation for future taxes?
Replies: 26
Views: 1019

Re: Tipping a taxi driver on a snow day?

Tomato,

I occasionally take a cab a short distance from the supermarket, and the cab drivers rarely help me load/unload my bags. I'm OK with that because it is a short, crummy fare and I am an able bodied man.

For what it's worth, lots of cabs wait til I get inside before they drive off.
by Bfwolf
Thu Dec 19, 2013 12:15 am
 
Forum: Personal Consumer Issues
Topic: Tipping a taxi driver on a snow day?
Replies: 36
Views: 2353

Re: Tipping a taxi driver on a snow day?

Tomato,

I too have noticed that many cabs have rear wheel drive. Why is this? This seems crazy to me in parts of the country with lots of snow and ice.
by Bfwolf
Wed Dec 18, 2013 1:37 pm
 
Forum: Personal Consumer Issues
Topic: Tipping a taxi driver on a snow day?
Replies: 36
Views: 2353

Re: Tipping a taxi driver on a snow day?

I think $10 on a $50 fare is generous to start with. I live in downtown Chicago and take cabs all the time. If it's a fare like $7.45, I'll give them $9. If it's more like $13.60, I'll give them $16. So those are probably in the range of 20%. But if I'm going to O'Hare and the fare is $38, I might g...
by Bfwolf
Wed Dec 18, 2013 1:11 pm
 
Forum: Personal Consumer Issues
Topic: Tipping a taxi driver on a snow day?
Replies: 36
Views: 2353

Re: Deferred Compensation Plan

Quick thought experiment assuming your wife makes $100K. If she doesn't do the deferred comp, she'll contribute $4,000 to her 401K and get a $1,000 match. Gross take home pay would be $96,000. If she defers $2,000 in order to max her match, she'll contribute $3,920 to her 401K (she can only contribu...
by Bfwolf
Tue Dec 17, 2013 1:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Deferred Compensation Plan
Replies: 27
Views: 1524

Re: 401k excess contribution / RMD

Thanks Alan!
by Bfwolf
Tue Nov 26, 2013 10:25 am
 
Forum: Investing - Help with Personal Investments
Topic: 401k excess contribution / RMD
Replies: 4
Views: 327

401k excess contribution / RMD

My Dad contributed too much to his Vanguard solo 401k in 2012 and in April of 2013 had the excess distributed to him. It's labeled as an "Excess Distribution" in his Vanguard transaction history. He's now looking at making his RMD for 2013, and the Vanguard website is saying that the distr...
by Bfwolf
Sun Nov 24, 2013 8:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k excess contribution / RMD
Replies: 4
Views: 327

Re: Accept Job Offer from Company that Filed for Bankruptcy?

I don't have any experience with working for a bankrupt company, but my instinct is that there will be lots of organizational churn, distractions, and lack of strong focus on long term business building. In short, I think it will probably be a frustrating experience with plenty of the best workers f...
by Bfwolf
Fri Nov 22, 2013 12:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Accept Job Offer from Company that Filed for Bankruptcy?
Replies: 29
Views: 2272

Re: Medical/Dental Tourism?

My 2 cents as a physician... We undisputedly have the best medical care in the world... we just don't have the best medical care system. This distinction is crucial. We have the best doctors, nurses, technology, etc. but not everyone has access to it. And there is also an epidemic of lack of person...
by Bfwolf
Tue Nov 19, 2013 9:35 pm
 
Forum: Personal Consumer Issues
Topic: Medical/Dental Tourism?
Replies: 91
Views: 4502

Re: Getting pricing for medical procedures in advance

My company's HR department just sent out an email addressing this exact issue. It actually leads with: "Have you ever bought a car without shopping around to see what’s out there? Probably not. In fact, the thought seems kind of risky. Yet that’s what we do in health care every day. Think about...
by Bfwolf
Mon Sep 16, 2013 10:53 am
 
Forum: Personal Consumer Issues
Topic: Getting pricing for medical procedures in advance
Replies: 66
Views: 4988

Re: NYC, Philly, Boston, or Chicago?

I lived for a couple of years in Philly and the last 7 in Chicago. Chicago is a much more enjoyable city to live in IMO. Not least of which because Chicagoans are a friendlier bunch than Philadelphians: "Midwest Nice" is a real phenomenon. Chicago is a mecca for graduates of Big 10 schools...
by Bfwolf
Sat Jul 13, 2013 11:45 am
 
Forum: Personal Consumer Issues
Topic: NYC, Philly, Boston, or Chicago?
Replies: 102
Views: 6284

Need help remembering investment quote

There's an investment quote that I'm sure I read on this forum but I cannot for the life of me to remember it. It has something to do with the market growing unabated despite people's worries and concerns. Does anybody know what I'm thinking of?
by Bfwolf
Sat Apr 27, 2013 5:15 pm
 
Forum: Investing - Theory, News & General
Topic: Need help remembering investment quote
Replies: 2
Views: 253

Re: Mom demands trust be professionally managed

I'm calculating a total cost of this advisor of around $13K over the 6.5 year period outlined. That's assuming you can get this advisor to invest the way you want, otherwise the cost is potentially higher based on him putting the money into actively managed funds, etc. So I guess you have to ask you...
by Bfwolf
Sat Apr 27, 2013 12:40 am
 
Forum: Investing - Help with Personal Investments
Topic: Mom demands trust be professionally managed
Replies: 67
Views: 4039

Re: harvard med school vs. penn med+full tuition scholarship

These college comparison threads can be kind of interesting when the free ride school is a notch academically below the expensive school. They could be REALLY interesting if the free ride school was two notches below the expensive school (have yet to see this kind of thread yet). They are not at all...
by Bfwolf
Mon Apr 15, 2013 9:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: harvard med school vs. penn med+full tuition scholarship
Replies: 115
Views: 9956

Re: Do I need to file Virginia and DC returns?

Thanks, Grabiner. My K-1 for Virginia is reporting no income apportionable to Virginia (the business took a loss in total) so I guess I don't have to file either.
by Bfwolf
Sun Apr 14, 2013 2:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do I need to file Virginia and DC returns?
Replies: 3
Views: 341

Do I need to file Virginia and DC returns?

I am a resident of Illinois but am a limited partner in a company that operates in Illinois, Virginia, and Washington DC. I received a federal, Illinois, Virginia, and DC K-1 for this company. The company is reporting a loss. I've entered all the information into Turbotax--I think that on the federa...
by Bfwolf
Sat Apr 13, 2013 6:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do I need to file Virginia and DC returns?
Replies: 3
Views: 341

Re: Well compensated, not so knowledgeable Dr.=Beginner

I don't know much about 401k profit sharing, but this article suggests that while standard profit sharing involves giving everybody the same % of their income as a 401k profit share, there is some kind of advanced profit sharing which allows you to change the %s for distinct employee groups. In othe...
by Bfwolf
Mon Mar 11, 2013 12:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Well compensated, not so knowledgeable Dr.=Beginner
Replies: 107
Views: 9542

Re: Save on Dental cost

After reading this and the other thread on how it is impossible for laypeople to tell if they have a good dentist, it really feels like there is a business opportunity here: some sort of 3rd party certifying authority that utilizes true experts to randomly audit a dentist's patients and actually exa...
by Bfwolf
Sat Mar 09, 2013 2:13 pm
 
Forum: Personal Consumer Issues
Topic: Save on Dental cost
Replies: 14
Views: 1983

Re: Do you think Daylight Saving Time is useful to people?

LazyNihilist, based on that map, it appears that daylight saving time leads to economic prosperity. I retract my objection.
by Bfwolf
Sat Mar 09, 2013 12:43 pm
 
Forum: Personal Consumer Issues
Topic: Do you think Daylight Saving Time is useful to people?
Replies: 30
Views: 895

Re: Nachos and NCAA BB Tournament

Have you considered making the Velveeta and Rotel queso dip? Tortilla chips don't get wet until people dip them so no sogginess issues.
by Bfwolf
Sat Mar 09, 2013 12:40 pm
 
Forum: Personal Consumer Issues
Topic: Nachos and NCAA BB Tournament
Replies: 4
Views: 496

Re: Do you think Daylight Savings Time is useful to people?

Worse than a waste of time. Isn't there research showing heart attacks increase noticeably the Monday after "Spring Forward?"
by Bfwolf
Sat Mar 09, 2013 12:16 pm
 
Forum: Personal Consumer Issues
Topic: Do you think Daylight Saving Time is useful to people?
Replies: 30
Views: 895

Re: Turbo Tax - 401K After-Tax Rollover to Roth IRA

In case this was affecting anybody else, this bug has been fixed.
by Bfwolf
Sat Mar 09, 2013 12:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax - 401K After-Tax Rollover to Roth IRA
Replies: 11
Views: 895

Re: Well compensated, not so knowledgeable Dr.=Beginner

Toothpuller, I just want to echo letsgobobby's sentiment about how impressed I am with how quickly and logically you are making your decisions. You have (or almost have) increased your insurance, lowered your asset allocation risk, implemented an excellent new 401k provider and rolled your IRAs/SEPs...
by Bfwolf
Fri Mar 08, 2013 4:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Well compensated, not so knowledgeable Dr.=Beginner
Replies: 107
Views: 9542

Re: Well compensated, not so knowledgeable Dr.=BEGINNER!

Employee Fiduciary is the go-to Boglehead response for a small business 401k. I have no experience with them but they tend to get very good reviews here. If you have a traditional IRA with tax-deferred money in it, you cannot do a backdoor Roth without converting the tax-deferred assets to after-tax...
by Bfwolf
Wed Feb 27, 2013 2:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Well compensated, not so knowledgeable Dr.=Beginner
Replies: 107
Views: 9542
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