Search found 250 matches

by Userdc
Fri Apr 10, 2015 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Should I renege [on a] job offer?
Replies: 48
Views: 5021

Re: Should I renege [on a] job offer?

You'll need to originate some serious deal flow to pull in 2MM in comp as a MD haha. Even then, I'd be surprised your not out in PE if your in it for the money. A MD at BX/TPG/KKR can make SO much more than any BB/Elite MM. I feel like consulting comp is still pretty good. At the shop I signed at, ...
by Userdc
Tue Mar 24, 2015 7:00 am
Forum: Personal Finance (Not Investing)
Topic: Do we need irrevocable life insurance trust (ILIT)?
Replies: 27
Views: 2279

Re: Do we need irrevocable life insurance trust (ILIT)?

a carefully planned death Don't give your wife any ideas. I don't know anything about ILITs, but I will echo the others who think $10M is way too much for your situation. Focus on replacing needs, not income. And don't forget about social security death benefit for the kids. At the very least, cons...
by Userdc
Sun Mar 22, 2015 10:10 am
Forum: Personal Consumer Issues
Topic: Laptop: Windows based vs. Apple
Replies: 86
Views: 7771

Re: Laptop: Windows based vs. Apple

I have always used windows-based PCs, at home, at school, at work. I have no desire to learn another operating system, so I find macs and tremendously frustrating to use when I am forced to use my wife's macbook. I have nothing against Apple - I've owned many of their products, including many variet...
by Userdc
Tue Mar 17, 2015 3:24 pm
Forum: Investing - Help with Personal Investments
Topic: how often do you check performance?
Replies: 70
Views: 5514

Re: how often do you check performance?

I check balances daily and performance relative to benchmarks, never.
by Userdc
Mon Mar 02, 2015 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: First Home Purchase - Property Tax vs Commuting Costs
Replies: 17
Views: 1004

Re: First Home Purchase - Property Tax vs Commuting Costs

Living in a closer suburb vs a further suburb is not a math problem. There are major differences between these two lifestyles that will have a much larger impact on your life than a miniscule difference in commuting costs. Personally, I live in an option 1 town because I like a shorter commute, a de...
by Userdc
Sat Feb 28, 2015 7:03 pm
Forum: Personal Consumer Issues
Topic: iPhone upgrade
Replies: 30
Views: 3133

Re: iPhone upgrade

I don't think that's gouging, iPhones are expensive. It sounds like you have a plan that doesn't bundle in "free" upgrades every two years paid for by a higher monthly bill. As these plans have become less popular, I've seen multiple people be surprised by how expensive smartphones are. Th...
by Userdc
Thu Feb 26, 2015 7:51 am
Forum: Personal Consumer Issues
Topic: 3 Kids and 2 Dogs - Next Vehicle
Replies: 31
Views: 2409

Re: 3 Kids and 2 Dogs - Next Vehicle

Honda Odyssey is a nice van but is pretty bad in the snow. Toyota sienna is also nice but has run flat tires (no spare) which was a deal breaker for us. We put snow tires on our Odyssey in the winter and we haven't had any traction issues. But we do live in an urban area that is quickly plowed, so ...
by Userdc
Sun Feb 22, 2015 8:36 pm
Forum: Personal Consumer Issues
Topic: School ratings, differing opinions on potential home local
Replies: 11
Views: 1001

Re: School ratings, differing opinions on potential home loc

Personally, I think the vast majority of the difference you see in school system performance has nothing to do with the schools or teachers or "quality" of the school system. Again, just my opinion, but good kids with good parents will do just as well in the 40th percentile school as the 9...
by Userdc
Sat Feb 21, 2015 4:45 pm
Forum: Personal Consumer Issues
Topic: CarsDirect didn't lead to dealers responding with prices
Replies: 63
Views: 5733

Re: CarsDirect didn't lead to dealers responding with prices

I'm confused as to why trying to pay what others are paying is such a good deal - don't most people overpay for cars because they are even less savvy than someone going off invoice? I really think your average car buyer is an easy mark. I think I'd still prefer knowing invoice, dealer holdback, and...
by Userdc
Sat Feb 21, 2015 12:14 pm
Forum: Investing - Help with Personal Investments
Topic: How to handle temporary blip in asset allocation?
Replies: 1
Views: 210

How to handle temporary blip in asset allocation?

My current asset allocation is 60/40. One third of the stock allocation is vested but not delivered company stock (I don't include unvested stock in my AA). When this vested stock is delivered shortly, it will be delivered as stock to a brokerage account and sold on my behalf over a series of days, ...
by Userdc
Sat Feb 21, 2015 11:12 am
Forum: Investing - Help with Personal Investments
Topic: HSA with Significant Known Medical Expenses
Replies: 5
Views: 459

Re: HSA with Significant Known Medical Expenses

Can you do an FSA with option 3?

If you have predictable medical expenses, a traditional plan with an FSA can be just as tax-efficient as an HDHP with HSA.
by Userdc
Sat Feb 21, 2015 9:33 am
Forum: Personal Consumer Issues
Topic: CarsDirect didn't lead to dealers responding with prices
Replies: 63
Views: 5733

Re: CarsDirect didn't lead to dealers responding with prices

I tried the email game the last time I bought a car, and it was mostly a waste of time. Here's what I recommend: 1) pick out the car you want, know exactly what trim/options/color you want. 2) use truecar, edmunds, and any online resources you can find (car specific forums, etc) to figure out what p...
by Userdc
Thu Feb 12, 2015 3:30 pm
Forum: Investing - Help with Personal Investments
Topic: Quick question on tax-advantaged space
Replies: 26
Views: 1460

Re: Quick question on tax-advantaged space

I currently don't have a Plan C. Why take out a car loan if less than 3%? Assuming a five-year loan, where am I going to get a guaranteed 3% or thereabout? Many car loans are cheaper than 3%. Penfed has a 60 month new car loan at 2.25%. Just borrow the $12K instead of using your roth, and invest th...
by Userdc
Thu Feb 12, 2015 8:03 am
Forum: Personal Consumer Issues
Topic: Where to buy nice men's dress shirts?
Replies: 84
Views: 7526

Re: Where to buy nice men's dress shirts?

I've tried everything but I keep coming back to the BB non-iron slim fits.

I wish they were a little cheaper and the elbows didn't tear so easily, but I haven't found any off-the-rack shirts that match up in terms of fit, look, and comfort.

I just stock up a couple of times a year during the sales.
by Userdc
Wed Feb 11, 2015 1:50 am
Forum: Personal Finance (Not Investing)
Topic: Should I Get an HDHP Just to Use an HSA?
Replies: 20
Views: 2079

Re: Should I Get an HDHP Just to Use an HSA?

I still don't think those numbers are right. Here's the parameters: HDHP: 2,000 deductible, 4,500 OOP Max Standard: 300 deductible, 2,500 OOP Max So if we assume the HSA benefit is a round $1,000 dollars, then I show the breakeven at $1,550: HDHP: $1,550 - $1,000 = $550 Standard: $300 + 20% * ($1,25...
by Userdc
Sun Feb 08, 2015 10:27 am
Forum: Personal Finance (Not Investing)
Topic: How much was your Tax Refund (or amount DUE)
Replies: 110
Views: 8610

Re: How much was your Tax Refund (or amount DUE)

I will owe >$10K to the Feds and will get about the same amount back from my state.
by Userdc
Sat Feb 07, 2015 9:47 pm
Forum: Investing - Theory, News & General
Topic: Determining your "number" when you want to leave nothing
Replies: 21
Views: 2209

Re: Determining your "number" when you want to leave nothing

Get a SPIA quote.

If you put zero value on a bequest, it's hard to beat the safe withdrawal rate of a SPIA.
by Userdc
Sat Feb 07, 2015 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Get an HDHP Just to Use an HSA?
Replies: 20
Views: 2079

Re: Should I Get an HDHP Just to Use an HSA?

The only way I could see an advantage here is if you are in a very high tax bracket and already max out your tax advantaged space.

In that situation, it might be worth it to "pay" for additional tax-deferred space by taking a worse plan.
by Userdc
Thu Feb 05, 2015 8:55 am
Forum: Investing - Theory, News & General
Topic: [Janitor in Vermont leaves millions] A true Boglehead!
Replies: 55
Views: 4347

Re: A true Boglehead!

I don't think you need to own index funds to be a boglehead.

Before index funds existed, you could get practically the same result by accumulating a diversified stock buy-and-hold portfolio, while also investing in savings bonds and CDs.

And you could still do the same thing today.
by Userdc
Tue Feb 03, 2015 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Are car loans really that bad?
Replies: 86
Views: 8437

Re: Are car loans really that bad?

A 4-year-old model with 40-50k miles would have saved me ~25% But percentage of purchase price is not the appropriate way to measure the savings. That's a very low depreciation rate for a car. But if it really only depreciates 25% in 4 years, it's potentially cheaper to own the new car. Let's say t...
by Userdc
Mon Feb 02, 2015 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Poll: Do you contribute max to tax-advantaged before 529?
Replies: 38
Views: 3246

Re: Poll: Do you contribute max to tax-advantaged before 529

In other words, a 529 plan is not the only game in town. Those education tax credits are quite helpful, especially since we never did double our money in 529 plan investments. So something to think about is whether your family will be able to take advantage of those tax credits. I have no idea if I...
by Userdc
Sun Feb 01, 2015 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice on financing RV
Replies: 7
Views: 854

Re: Need advice on financing RV

Have you looked into a HELOC? Might be a lower rate than the RV loan.
by Userdc
Thu Jan 29, 2015 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: HSA... any receipt savers?
Replies: 203
Views: 11418

Re: HSA... any receipt savers?

letsgobobby wrote:Just like with a "get out of jail free" card in Monopoly, I suspect most of us would save it until we actually needed it.


I suspect you are right, but most people would pay less taxes and end up with more money if they used the voucher ASAP.
by Userdc
Thu Jan 29, 2015 1:14 pm
Forum: Investing - Theory, News & General
Topic: Placement of stock/bonds - tax-deferred vs. tax-free
Replies: 4
Views: 344

Re: Placement of stock/bonds - tax-deferred vs. tax-free

I would recommend using a tax-adjusted asset allocation. Userdc - thanks for the response. Even with the tax-adjusted allocation in that hypothetical, I'm going to end up with less of an after-tax benefit if stocks outperform bonds than if I had put 100% stocks in the Roth. So if I'm willing to bet...
by Userdc
Thu Jan 29, 2015 12:44 pm
Forum: Investing - Theory, News & General
Topic: Placement of stock/bonds - tax-deferred vs. tax-free
Replies: 4
Views: 344

Re: Placement of stock/bonds - tax-deferred vs. tax-free

I would recommend using a tax-adjusted asset allocation. So if you expect your tax rate in retirement to be 20% (to make the math easy), you effectively own 80% of that account and the government owns 20%. So your tax-adjusted account values are $5k for the Roth and $4K for the trad IRA. Using those...
by Userdc
Thu Jan 29, 2015 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: HSA... any receipt savers?
Replies: 203
Views: 11418

Re: HSA... any receipt savers?

This discussion has been very helpful for me as well. To me, the two key assumptions for knpstr's analysis are: 1) you expect your lifetime HSA contributions/earnings to comfortably exceed your lifetime medical expenses. Essentially, you are putting extra money in the HSA with the intent of using so...
by Userdc
Thu Jan 29, 2015 10:24 am
Forum: Investing - Help with Personal Investments
Topic: Just purchased 2015 maximum EE Series Bonds
Replies: 67
Views: 4475

Re: Just purchased 2015 maximum EE Series Bonds

How does one account for that drawback in determining whether EE or I bonds are more attractive? I have accounted for that by buying I Bonds and not buying EE Bonds. That continues to be one of the key reasons I struggle with EEs. But I'm running out of tax-deferred space for bonds, and I'm startin...
by Userdc
Thu Jan 29, 2015 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Poll: Do you contribute max to tax-advantaged before 529?
Replies: 38
Views: 3246

Re: Poll: Do you contribute max to tax-advantaged before 529

I contribute max to all tax advantaged accounts except for 529.

For 529 I contribute up to the maximum state income tax break, and no more.
by Userdc
Thu Jan 29, 2015 9:26 am
Forum: Investing - Help with Personal Investments
Topic: HSA... any receipt savers?
Replies: 203
Views: 11418

Re: HSA... any receipt savers?

I think it's good for everyone to run the numbers, and there are certainly scenarios where a taxable account beats a non-deduticble IRA (which I think is the appropriate comparison when we talk about whether we should spend 1,000 already in an HSA vs 1,000 in taxable). In many cases, this same analy...
by Userdc
Tue Jan 27, 2015 8:07 pm
Forum: Investing - Help with Personal Investments
Topic: Just purchased 2015 maximum EE Series Bonds
Replies: 67
Views: 4475

Re: Just purchased 2015 maximum EE Series Bonds

remember that government can change the rules at any time, like change doubling time from 20 to 30 years... this would be a disaster, and I would be out... so if you are planning on it, grab the opportunity while it still exists, don't procrastinate, I've learned my lesson with Tobyhanna CDs, first...
by Userdc
Tue Jan 27, 2015 7:36 pm
Forum: Investing - Help with Personal Investments
Topic: Just purchased 2015 maximum EE Series Bonds
Replies: 67
Views: 4475

Re: Just purchased 2015 maximum EE Series Bonds

This might be the year I finally pull the trigger on EE bonds. My long term tax exempt munis have performed well the last year, but that means the SEC yield has dropped to 2.16%. So, right now EE bonds look attractive even if I remain in a high tax bracket 20 years from now. I still have trouble wit...
by Userdc
Sun Jan 25, 2015 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Salary to Home Value/Mortgage Ratio?
Replies: 50
Views: 5948

Re: Salary to Home Value/Mortgage Ratio?

i don't know if there's a good rule of thumb for this, it depends on so many factors, and gross salary is only one of them. To me, as long as you 1) can afford the PITI and still hit your savings goals AND 2) the cost to buy isn't way out of whack with the cost to rent AND 3) you plan to stay long e...
by Userdc
Sat Jan 24, 2015 4:22 pm
Forum: Investing - Help with Personal Investments
Topic: Bad 401K or Taxable or Mortgage or Car Loan?
Replies: 19
Views: 908

Re: Bad 401K or Taxable or Mortgage or Car Loan?

I'm definitely glad I did it but refinancing again at $99K and incurring a couple thousand in closing costs and extending the loan out 4 more years....I dunno. I might take a look at 10-year deals though. You aren't really extending the loan, you are giving yourself the option to extend the loan. I...
by Userdc
Sat Jan 24, 2015 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: Bad 401K or Taxable or Mortgage or Car Loan?
Replies: 19
Views: 908

Re: Bad 401K or Taxable or Mortgage or Car Loan?

I think paying off the car loan probably makes the most sense, but a couple questions:

Do you have a Roth 401k option? Do you itemize or take standard deduction?
by Userdc
Sat Jan 24, 2015 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Is my term life policy quote too high?
Replies: 39
Views: 2781

Re: Is my term life policy quote too high?

I have no idea if that is a good rate, but I would shop around.

I had similar stats when I got my $2 million 20 yr policy, and i pay under a hundred a month.
by Userdc
Fri Jan 23, 2015 9:20 pm
Forum: Investing - Help with Personal Investments
Topic: Grandfather wanting to transfer portfolio to kids. Question
Replies: 67
Views: 3572

Re: Grandfather wanting to transfer portfolio to kids. Ques

I'm 80, and I have all my money in a simple 3-fund Vanguard portfolio... I want to give my money to my kid now, and I tried to explain why the 3-fund portfolio was simple, easy to manage, generates a decent return, and is less volatile. My daughter (and her son-in-law) told me that they have no int...
by Userdc
Thu Jan 22, 2015 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Help with Refinance Options (ARM vs Fixed)
Replies: 7
Views: 743

Re: Help with Refinance Options (ARM vs Fixed)

Anyone can join penfed online. If you make a small donation (less than $20 if I recall) to a specific organization that supports military families, you will become eligible.

The details are on their website.
by Userdc
Wed Jan 21, 2015 11:39 pm
Forum: Investing - Help with Personal Investments
Topic: Real 3% (CPI plus 3% guaranteed)
Replies: 21
Views: 1923

Re: Real 3% (CPI plus 3% guaranteed)

I'd probably put my entire asset allocation in to a government guaranteed real + 3%, it's just a fantastic return that has a pretty good chance of beating out a diversified stock/bond portfolio over the long term with zero volatility. Obviously this is something quite different given you are relying...
by Userdc
Wed Jan 21, 2015 11:23 pm
Forum: Personal Consumer Issues
Topic: Keurig-cup coffee makers - why?
Replies: 139
Views: 14613

Re: Keurig-cup coffee makers - why?

Good whole bean coffee costs much more than 10 cents a cup. You might get 30 eight ounce cups out of a pound of coffee, so that's easily 20 cents to 40 cents a cup depending on bean quality. And that's assuming no waste, which is probably not a good assumption for many people given how quickly fresh...
by Userdc
Wed Jan 21, 2015 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Help with Refinance Options (ARM vs Fixed)
Replies: 7
Views: 743

Re: Help with Refinance Options (ARM vs Fixed)

Have you looked at the PenFed 5/5 at 2.75%? That gives you a lower starting rate and better rate protection for years 6-10 with a cap of 4.75% for those years. Assuming your current mortgage payment is ~$2,700, and you continue to pay that much every month, your mortgage balance in 10 years will be ...
by Userdc
Mon Jan 19, 2015 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: calculating tax deferred vs taxable
Replies: 11
Views: 666

Re: calculating roth vs taxable

I think the only way a taxable can beat roth is if you have capital losses in excess of interest/dividends.
by Userdc
Mon Jan 19, 2015 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Should I use zero interest CC checks for emergency cash?
Replies: 13
Views: 1714

Re: Should I use zero interest CC checks for emergency cash?

That seems reasonable to me as a short term patch until you get the proceeds from the sale of the rental property. But I would continue to pursue the other ideas in case you run into a snag with the sale so you can pay off the balance transfer notes before they start accruing high interest. Along wi...
by Userdc
Sat Jan 17, 2015 5:02 pm
Forum: Investing - Help with Personal Investments
Topic: EE bonds vs iBonds
Replies: 29
Views: 2841

Re: EE bonds vs iBonds

My wife and I are looking to purchase some EE bonds next week. The reason I like these bonds is the guaranteed double on your initial investment, and the exemption from state taxes. We are investing the full 20k, so our return after our 28% federal taxes should be 34,400 after the full 20 years. I ...
by Userdc
Sat Jan 17, 2015 9:52 am
Forum: Investing - Help with Personal Investments
Topic: Leaving job, 401k options
Replies: 14
Views: 1344

Re: Leaving job, 401k options

Assuming the ERs in the 401k are reasonable, I'd just leave it where it is. You can always roll it over later, and leaving it there preserves some options with no downside. My wife and I have accumulated 5 different 401k accounts, all of which happen to be at fidelity. They are all decent plans, and...
by Userdc
Fri Jan 16, 2015 12:36 pm
Forum: Investing - Theory, News & General
Topic: Buying Call Option to Fund 2015 & 2016 IRA
Replies: 18
Views: 691

Re: Buying Call Option to Fund 2015 & 2016 IRA

I don't understand how you are using the call option to fund your IRA.

You are buying a speculative call on the index.

Separately you are planning to invest in the index in the future.

These are two separate trades, so I would evaluate them independently.
by Userdc
Mon Jan 12, 2015 11:56 am
Forum: Personal Finance (Not Investing)
Topic: "Nanny Tax" Questions (Part-time babysitter)
Replies: 13
Views: 1572

Re: "Nanny Tax" Questions (Part-time babysitter)

I am way above the threshold so you might not be in the same boat as me, but here's what I have to do: 1) withhold federal income tax, unemployment and FICA. This is paid on schedule H when you file your federal taxes, so you may need to adjust your own withholding or pay estimated tax payments to a...
by Userdc
Mon Jan 12, 2015 7:44 am
Forum: Personal Finance (Not Investing)
Topic: Doing my taxes by hand
Replies: 64
Views: 5359

Re: Doing my taxes by hand

I think one can still use software to do their return "by hand". In fact, I recommend it. The software will guide one, but one should still read the IRS instructions for the tax form that the software is filling out. And even better, one should read the IRS publication(s) related to the t...
by Userdc
Mon Jan 12, 2015 7:38 am
Forum: Personal Finance (Not Investing)
Topic: POLL: Homeowners Ins cost $/month per $100k home value?
Replies: 42
Views: 3824

Re: POLL: Homeowners Ins cost $/month per $100k home value?

I pay about $15/month with USAA. But a lot of my home value is actually land value so I suspect those of us in high COL areas will be appearing to pay less on this metric even though we really aren't. Edit: it was pointed out to me that I misread the question. I believe my insured value is about hal...
by Userdc
Sat Jan 10, 2015 10:59 pm
Forum: Investing - Help with Personal Investments
Topic: what to do with soon-to-be vested company stocks
Replies: 7
Views: 540

Re: what to do with soon-to-be vested company stocks

This sounds like restricted stock. The vesting of the stock is a taxable event which generates ordinary income based on the market value on that date and establishes your basis. So if the stock is worth $100/share and 1,000 shares vest, you will have $100,000 of ordinary income and your company will...
by Userdc
Sat Jan 10, 2015 1:11 pm
Forum: Personal Consumer Issues
Topic: anyone ever go to spring training?
Replies: 7
Views: 1090

Re: anyone ever go to spring training?

Spring training can be a lot of fun. Feb/Mar is a great time to visit Florida, it's usually dry and much warmer than up north. It doesn't really matter when you go from a weather perspective, but a few things to consider are: Spring break - there are some weeks that are busier than others and that c...

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