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by Mrxyz
Thu May 21, 2015 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: Apply Medical school advice
Replies: 17
Views: 1494

Re: Apply Medical school advice

As an interviewer, I wonder if he is prepared to answer the question of how playing computer games improves his application as compared to the next applicant who has no experience. In my personal view, with the increasing involvement of informatics in medicine, I think it is a positive atribute and ...
by Mrxyz
Fri May 15, 2015 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Ibond vs Van.Inter.term.tax.exempt.fund(VWITX) for Efunds
Replies: 9
Views: 721

Re: Ibond vs Van.Inter.term.tax.exempt.fund(VWITX) for Efunds

I've just now bought a version of VWITX, but wouldn't use it for Efund. Duration is 4.8 years, which gives you more principal risk than I'd want in emergency fund. There is no way to avoid low rates and keep principal safe. Online savings accounts maybe best way to go. I just accumulate more in che...
by Mrxyz
Fri May 15, 2015 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Ibond vs Van.Inter.term.tax.exempt.fund(VWITX) for Efunds
Replies: 9
Views: 721

Ibond vs Van.Inter.term.tax.exempt.fund(VWITX) for Efunds

Hi, I have I bonds for my E fund and found it practically impossible to teach DW to access the account in trial runs!! So I was looking for other options. Is VWITX a good option? I am trying to keep it simple but do not want the low rates offered at banks. On the other hand, with my (investable/liqu...
by Mrxyz
Tue Apr 28, 2015 12:55 am
Forum: Personal Consumer Issues
Topic: Quietest garage door and opener
Replies: 19
Views: 1649

Re: Quietest garage door and opener

ralph124cf wrote:The R value can matter a lot--but only if you have a heated garage that is also insulated.

Ralph


My garage is not heated but definitely the doors gaps on the sides need to be sealed.
by Mrxyz
Tue Apr 28, 2015 12:54 am
Forum: Personal Consumer Issues
Topic: Quietest garage door and opener
Replies: 19
Views: 1649

Re: Quietest garage door and opener

Bypass the whole chain vs. belt debate and go straight to the jackshaft approach. A bit more expensive, and doesn't work on all garage doors (needs torsion bar, maybe other restrictions), but it's the quietest one I've ever had. All you hear is the clickety-clack sound of the rollers on the track, ...
by Mrxyz
Mon Apr 27, 2015 9:36 pm
Forum: Personal Consumer Issues
Topic: Quietest garage door and opener
Replies: 19
Views: 1649

Re: Quietest garage door and opener

It is almost time to replace and I am looking for the quietest garage door and opener available. I have reviewed prior posts but none specifically talk about lowest noise levels. I concur with others. Go with the belt driven doors rather than chain driven doors but you give up comfort for longevity...
by Mrxyz
Sun Apr 26, 2015 11:20 pm
Forum: Personal Consumer Issues
Topic: Quietest garage door and opener
Replies: 19
Views: 1649

Quietest garage door and opener

Hi I have 3 car garage with the 2 car garage door which needs replacement. The current version is very noisy and creaky despite oiling. The door itself has rot at the bottom which I have repaired and kept it working. It is almost time to replace and I am looking for the quietest garage door and open...
by Mrxyz
Fri Mar 27, 2015 8:38 am
Forum: Personal Consumer Issues
Topic: Best portable mattress/bed?
Replies: 12
Views: 1060

Re: Best portable mattress/bed?

Aerobed makes a high quality queen size with an attached headboard which prevents yours pillows from falling off. Costco carries this item. Comes with self-contained electric pump. http://reviews.costco.com/2070/11621583/aerobed-aerobed-comfort-anywhere-18-air-mattress-with-headboard-design-reviews...
by Mrxyz
Fri Mar 27, 2015 8:06 am
Forum: Personal Consumer Issues
Topic: Best portable mattress/bed?
Replies: 12
Views: 1060

Best portable mattress/bed?

Hi,
We are looking for portable bed/mattress to use when family comes over. Something which can be folded/ rolled over would be nice but also it needs to be comfortable enough for adult use. Any suggestions or recommendations?
by Mrxyz
Sun Mar 22, 2015 1:37 pm
Forum: Investing - Theory, News & General
Topic: Should I invest my emergency fund?
Replies: 71
Views: 7094

Re: Should I invest my emergency fund?

I put mine in I bonds. . So, do I! And the I bonds (in parent's name) can also be used for their kids educational purposes and so they have a dual role. I think livesoft has a better post/explanation about Efunds investing. You may be able to find it by searching the forum. Been searching for lives...
by Mrxyz
Sun Mar 22, 2015 8:31 am
Forum: Investing - Help with Personal Investments
Topic: Ibonds and taxes
Replies: 5
Views: 754

Re: Ibonds and taxes

https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds_itaxconsider.htm You have a choice. You can 1) Report the interest every year 2) Put off (defer) reporting the interest until you file a federal income tax return for the year in which the first of these events occurs: you rede...
by Mrxyz
Sat Mar 21, 2015 11:28 pm
Forum: Investing - Help with Personal Investments
Topic: psych intern
Replies: 9
Views: 1617

Re: psych intern

I presume you have already read http://whitecoatinvestor.com/ ?
by Mrxyz
Sat Mar 21, 2015 10:36 pm
Forum: Investing - Theory, News & General
Topic: Should I invest my emergency fund?
Replies: 71
Views: 7094

Re: Should I invest my emergency fund?

RandomPointer wrote:I put mine in I bonds.
.

So, do I!
And the I bonds (in parent's name) can also be used for their kids educational purposes and so they have a dual role.
I think livesoft has a better post/explanation about Efunds investing. You may be able to find it by searching the forum.
by Mrxyz
Sat Mar 21, 2015 6:35 pm
Forum: Investing - Help with Personal Investments
Topic: Ibonds and taxes
Replies: 5
Views: 754

Ibonds and taxes

Hi,
I have I bonds which I buy almost every year, and also have them as my Efund.
Question - do I have to report them/their earnings for taxes? I think not but wanted to be sure.
Thanks
by Mrxyz
Wed Mar 11, 2015 5:56 am
Forum: Personal Finance (Not Investing)
Topic: Mango prepaid card - 4.8% (effective) APY
Replies: 210
Views: 115378

Re: Mango prepaid card - 4.8% (effective) APY

So, if I have one account of $5000 and not touch the account for one year, I get 5% back ($250) and then subtract the fees of $3/month x 12 = 36$ and thus 250 - 36 = $214. Then pay taxes on this income. Is this correct?
by Mrxyz
Fri Mar 06, 2015 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: 2 comma club (my way)!!
Replies: 49
Views: 8126

Re: 2 comma club (my way)!!

Hi, As usual, thanks to all who have helped me in so many ways that I cannot count or list! No, okay then...........If I must list, then some which come to my mind are; Nisi, livesoft, Emergdoc, retiredjg, Taylor,cruncher, ladyGeek,grok87,VictoriaF, grabiner,Frugalinvestor,gkaplan, bertilak, abus 3...
by Mrxyz
Fri Mar 06, 2015 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: 2 comma club (my way)!!
Replies: 49
Views: 8126

Re: 2 comma club (my way)!!

Hi, As usual, thanks to all who have helped me in so many ways that I cannot count or list! No, okay then...........If I must list, then some which come to my mind are; Nisi, livesoft, Emergdoc, retiredjg, Taylor,cruncher, ladyGeek,grok87,VictoriaF, grabiner,Frugalinvestor,gkaplan, bertilak, abus 3...
by Mrxyz
Fri Mar 06, 2015 6:20 am
Forum: Personal Finance (Not Investing)
Topic: 2 comma club (my way)!!
Replies: 49
Views: 8126

Re: 2 comma club (my way)!!

Congrats on your accomplishment Mrxyz!! :sharebeer Now that you've cleared that hurdle you can focus on the next milestone....hitting your number. I suspect that you now have a pretty good idea of what that is and how to get there. Let us know when you make it! Thank you. No,I do not know my number...
by Mrxyz
Thu Mar 05, 2015 4:11 am
Forum: Investing - Help with Personal Investments
Topic: Possible Backdoor Roth mistake- What to do next?
Replies: 8
Views: 688

Re: Possible Backdoor Roth mistake- What to do next?

Her Traditional IRA assets will be counted by form 8606 and change how much of the conversion is taxable and non-taxable. Form 8606 asks for the balances in her Traditional IRA, Rollover IRA, SEP-IRA and SIMPLE-IRAs as of Dec 31. In your case, your IRA balances will be zero and when there is zero I...
by Mrxyz
Thu Mar 05, 2015 3:20 am
Forum: Investing - Help with Personal Investments
Topic: Possible Backdoor Roth mistake- What to do next?
Replies: 8
Views: 688

Possible Backdoor Roth mistake- What to do next?

Hi For the first time, in 2014, we placed $5500 each using Backdoor Roth. I also did the same this year in January. I have no traditional IRA under me but I just found out that my wife does (yes, my mistake). So, am I correct in assuming that I cannot place Backdoor Roth for my wife? And if yes, wha...
by Mrxyz
Sun Feb 22, 2015 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: 2 comma club (my way)!!
Replies: 49
Views: 8126

Re: 2 comma club (my way)!!

Congrats! So what portion of your portfolio do you attribute to this forum? I started reading bogleheads in 2007 (changed my user profile in 2009) and since that date I would estimate that perhaps 25% of our net worth can be attributed to advice on this forum. In fact I think that is a great forum ...
by Mrxyz
Sun Feb 22, 2015 3:51 am
Forum: Personal Finance (Not Investing)
Topic: 2 comma club (my way)!!
Replies: 49
Views: 8126

Re: Thank you.

mrxyz: Thank you for remembering. Your success is our success. Best wishes. Taylor Thank you! You are responsible for my 3 fund portfolio - satisfies my SWAN test and anything more is pretty confusing- where to tilt? What to add etc etc?. Also for Ibonds which function as efund and backup for the 5...
by Mrxyz
Sat Feb 21, 2015 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: 2 comma club (my way)!!
Replies: 49
Views: 8126

Re: 2 comma club (my way)!!

Congrats! Now put your checking and efund to work and you'll hit the 2 million club sooner. Yes, I have debated that in my mind quite a bit. The efund is in Ibonds and would like to keep it that way and the checking amount is destined for a new car sometime in the next 6 months or so. Better not ge...
by Mrxyz
Fri Feb 20, 2015 12:31 am
Forum: Personal Finance (Not Investing)
Topic: 2 comma club (my way)!!
Replies: 49
Views: 8126

Re: 2 comma club (my way)!!

mhc wrote:Congrats!

Now put your checking and efund to work and you'll hit the 2 million club sooner.


Yes, I have debated that in my mind quite a bit. The efund is in Ibonds and would like to keep it that way and the checking amount is destined for a new car sometime in the next 6 months or so.
by Mrxyz
Thu Feb 19, 2015 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: 2 comma club (my way)!!
Replies: 49
Views: 8126

2 comma club (my way)!!

Hi, As usual, thanks to all who have helped me in so many ways that I cannot count or list! No, okay then...........If I must list, then some which come to my mind are; Nisi, livesoft, Emergdoc, retiredjg, Taylor,cruncher, ladyGeek,grok87,VictoriaF, grabiner,Frugalinvestor,gkaplan, bertilak, abus 36...
by Mrxyz
Thu Feb 19, 2015 4:39 pm
Forum: Personal Consumer Issues
Topic: [Heads up: Lenovo PC security compromised, thanks to adware]
Replies: 51
Views: 5264

Re: Do Not Use Lenovo Computers to Shop or Access Finance Si

denovo wrote:Since when did BH turn into buzz feed? The title of this thread is alarmist and inaccurate, clickbaity.


I agree......But also learnt a new word "clickbaity" - which is visually so complete in its description! :D
by Mrxyz
Sat Jan 31, 2015 11:49 am
Forum: Personal Consumer Issues
Topic: Maui - suggestions/ recommendations?
Replies: 4
Views: 539

Re: Maui - suggestions/ recommendations?

Compound wrote:Did you see this thread?

viewtopic.php?f=11&t=156536

It contains some helpful recommendations.


Hah! I forgot to search the board!! :oops:
There are no 'new topics' at all, everything has been discussed in some manner!
Thanks
by Mrxyz
Sat Jan 31, 2015 11:45 am
Forum: Personal Finance (Not Investing)
Topic: House flipping investing - Am I wrong or what? Please advice
Replies: 30
Views: 4590

Re: House flipping investing - Am I wrong or what? Please ad

The story about the "unhappy" older gentlemen (unhappy with 16% ??) makes this deal smell from the get go. Also, the borrowers as well as the LLC should have liability for the debts--they should personally sign on the loans. The LLC could end up as an empty shell and you'll have little or...
by Mrxyz
Sat Jan 31, 2015 9:15 am
Forum: Personal Consumer Issues
Topic: Maui - suggestions/ recommendations?
Replies: 4
Views: 539

Re: Maui - suggestions/ recommendations?

timmy wrote:What part of the island will you be staying?

Will you have a rental car?


West side/ Kaanapali beach area.
Yes, I will have a rental car.
by Mrxyz
Sat Jan 31, 2015 8:29 am
Forum: Personal Consumer Issues
Topic: Maui - suggestions/ recommendations?
Replies: 4
Views: 539

Maui - suggestions/ recommendations?

Hi,
I will be taking a family vacation to Maui and would like suggestions/recommendations for things to do/ eat/ visit please.
Thanks
by Mrxyz
Sat Jan 31, 2015 7:31 am
Forum: Personal Finance (Not Investing)
Topic: House flipping investing - Am I wrong or what? Please advice
Replies: 30
Views: 4590

Re: House flipping investing - Am I wrong or what? Please ad

I have flipped dozens of homes in my day and the find, fix, and flip business is very profitable if you know what your doing. The only way to make real money in this business model is to use a bank line of credit at a reasonable interest rate and know how to rehab so the house will sell quickly. If...
by Mrxyz
Sat Jan 31, 2015 7:31 am
Forum: Personal Finance (Not Investing)
Topic: House flipping investing - Am I wrong or what? Please advice
Replies: 30
Views: 4590

Re: House flipping investing - Am I wrong or what? Please ad

Mrxyz: I have been doing this kind of thing for many, many years. Buying discounted mortgages, making hard money loans to people who can't qualify for bank loans, creating paper, buying mobile home paper, you name it. You can make a lot of money doing this kind of thing, but you need to know what y...
by Mrxyz
Fri Jan 30, 2015 11:03 am
Forum: Personal Finance (Not Investing)
Topic: House flipping investing - Am I wrong or what? Please advice
Replies: 30
Views: 4590

Re: House flipping investing - Am I wrong or what? Please ad

Final update- I invested (only) $6000 and got back $7000 and thus made a $1000 profit over around 8 months time. Overall impression - just not worth it. Could have gone south fast, with soured relationships etc etc. Question- I did not get a 1099 from them for my business loan, as there was no divid...
by Mrxyz
Sat Jan 10, 2015 1:37 am
Forum: Investing - Help with Personal Investments
Topic: Help with New Portfolio - 600k Cash to Invest - 29 Years Old
Replies: 7
Views: 1386

Re: Help with New Portfolio - 600k Cash to Invest - 29 Years

Before you run out and buy anything, it's worth taking a month or even months to absorb information and make sure your plan is well-researched and something you can stick with. Dr. Bernstein has a brief and to-the-point primer that's worth a look: https://dl.dropboxusercontent.com/u/29031758/If%20Y...
by Mrxyz
Mon Jan 05, 2015 4:45 pm
Forum: Investing - Help with Personal Investments
Topic: 403b Roth or non Roth ??
Replies: 7
Views: 425

Re: 403b Roth or non Roth ??

Taxes are a major deciding factor. What will you do with the money you aren't going to have to pay as taxes if you go traditional, will it get invested in a regular account or will it just get spent on something? Do you need that money now? If it just gets spent then the Roth route will most likely...
by Mrxyz
Mon Jan 05, 2015 3:13 pm
Forum: Investing - Help with Personal Investments
Topic: 403b Roth or non Roth ??
Replies: 7
Views: 425

Re: 403b Roth or non Roth ??

Agreed. Pay taxes later because they are more likely to be lower than higher. And thanks to you too!! BTW, years ago you were a great help in getting my finances in order and its been very smooth since then. Not doing anything other than 529 contributions, backdoor Roth and yearly re balancing, whi...
by Mrxyz
Mon Jan 05, 2015 3:00 pm
Forum: Investing - Help with Personal Investments
Topic: 403b Roth or non Roth ??
Replies: 7
Views: 425

Re: 403b Roth or non Roth ??

icefr wrote:If you think you'll be in a lower tax bracket in retirement, you should continue contributing to the non-Roth 403(b) like you have been. Considering that your current tax bracket is 35%, you will most likely be in a lower tax bracket at retirement.


Thanks!
by Mrxyz
Mon Jan 05, 2015 1:44 pm
Forum: Investing - Help with Personal Investments
Topic: 403b Roth or non Roth ??
Replies: 7
Views: 425

403b Roth or non Roth ??

Hi My work started to offer us Roth option in our 403b deferred compensation. Currently, it only has non Roth funds (only through TIAA CREF and not vanguard). So my thinking is; non Roth 403b = pay taxes later and I presume my taxes will be lower when I retire Roth 403b = pay taxes now, but that wou...
by Mrxyz
Mon Dec 22, 2014 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: One more goal, one more simplification
Replies: 13
Views: 1439

Re: One more goal, one more simplification

Congratulations!!
by Mrxyz
Thu Dec 18, 2014 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: Term life insurance- I don't have it. Do I need it?
Replies: 19
Views: 1663

Re: "Computing How Much Life Insurance You Need"

Taylor Larimore wrote:Mrxyz:

The Bogleheads' Guide to Investing has a format (page 247): "Computing How Much Life Insurance You Need."

Best wishes.
Taylor


Thank you !!
by Mrxyz
Thu Dec 18, 2014 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: Term life insurance- I don't have it. Do I need it?
Replies: 19
Views: 1663

Re: Term life insurance- I don't have it. Do I need it?

One may not need to replace their income even if one has people that depend on it. I always used the question, "If I died, would my dependents have to change their financial lives?" The answer for my death has always been "No", so I have never bought life insurance and neither h...
by Mrxyz
Thu Dec 18, 2014 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: Term life insurance- I don't have it. Do I need it?
Replies: 19
Views: 1663

Re: Term life insurance- I don't have it. Do I need it?

That you don't need whole life insurance is pretty clear. How much term insurance you need is less clear, depending e.g., on you wife's earning potential. and her and the children's emotional and other needs. Could she earn enough to hire a true surrogate (fill-in for her) with with only a portion ...
by Mrxyz
Thu Dec 18, 2014 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: Term life insurance- I don't have it. Do I need it?
Replies: 19
Views: 1663

Re: Term life insurance- I don't have it. Do I need it?

The rule of thumb is somewhere between 8-12 times annual income. This varies depending on how old you are, how much you have saved already, special needs in the family etc. Work insurance is generally not sufficient, because what happens if you get fired, and in the meantime have become ill and now...
by Mrxyz
Thu Dec 18, 2014 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Term life insurance- I don't have it. Do I need it?
Replies: 19
Views: 1663

Re: Term life insurance- I don't have it. Do I need it?

To me, the need for life insurance comes down to one question. Are there people who depend on my income? If the answer is yes, then you need life insurance to cover the loss of your income for your spouse and children (for things like paying the mortgage, so they always have a roof over their head)...
by Mrxyz
Thu Dec 18, 2014 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: Term life insurance- I don't have it. Do I need it?
Replies: 19
Views: 1663

Term life insurance- I don't have it. Do I need it?

Hi I do not have term life insurance and I am not sure if I 'need' it? How do I decide? I have work life insurance, disability insurance, plus a separate own occupation disability insurance, home, auto and umbrella also. I have read the wiki and some threads which talk about 'get term life insurance...
by Mrxyz
Thu Dec 11, 2014 9:13 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth for a beginner
Replies: 16
Views: 1277

Re: Backdoor Roth for a beginner

Thanks so much to the both of you. I looked at my MAGI, and it appears we will be at the very top of the phase out limit so we should go ahead and set up the TIRA then convert it over. If I call Vanguard are they allowed to help me with the conversion? Yes, they will/should. Last year, I wanted to ...
by Mrxyz
Tue Dec 02, 2014 2:24 pm
Forum: Investing - Help with Personal Investments
Topic: 529 for parents?
Replies: 16
Views: 1676

Re: 529 for parents?

Are you letting the tax tail wag the dog? L. Not sure if I understand this right......... Do you mean that I should not invest in 529 just because of the state tax break and rather look at the whole picture and continue investing in my taxable account, which hopefully over the many years to come, w...
by Mrxyz
Tue Dec 02, 2014 10:30 am
Forum: Investing - Help with Personal Investments
Topic: 529 for parents?
Replies: 16
Views: 1676

Re: 529 for parents?

Are you letting the tax tail wag the dog? L. Not sure if I understand this right......... Do you mean that I should not invest in 529 just because of the state tax break and rather look at the whole picture and continue investing in my taxable account, which hopefully over the many years to come, w...
by Mrxyz
Mon Dec 01, 2014 6:16 pm
Forum: Investing - Help with Personal Investments
Topic: 529 for parents?
Replies: 16
Views: 1676

Re: 529 for parents?

Hi So I have 529 for my kids which I take full advantage of, getting State tax break. Is it recommended to get 529 for each parent also to increase the total 529 funds available for kids as the parents can change the beneficiary from themselves -parents to their kids? Thanks How big is the tax brea...
by Mrxyz
Mon Dec 01, 2014 12:20 pm
Forum: Investing - Help with Personal Investments
Topic: 529 for parents?
Replies: 16
Views: 1676

Re: 529 for parents?

I am guessing that the 529 gains is insufficient to meet children's future college expenses that you desire.? :? That's kind of correct...........I am placing $6K per kid per year and likely not make the total of $200K per kid (my number) when they each turn 18. And I thought parent's 529 can be a ...

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