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Re: Reduce income to fall below 401k HCE threshold?

If you could reduce your income to fall below by working less overtime for example or pushing a bonus into the next year, I would say do it. To request unpaid leave... Someone will ask you why. What will you say then? I don't want you to be in a situation next year where the higher ups say, "We...
by awval999
Fri Oct 24, 2014 5:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Reduce income to fall below 401k HCE threshold?
Replies: 6
Views: 514

Re: Why are 401k plans expensive?

It's not always more expensive.

It depends on the plan. Typically (but not always) the smaller the plan/company the worse the 401k.

For example, my non-profit hospital's 403b (a non-profit version of a 401k) offers a variety of active and passive funds, including Vanguard's index funds.
by awval999
Wed Oct 15, 2014 7:53 am
 
Forum: Investing - Theory, News & General
Topic: Why are 401k plans expensive?
Replies: 39
Views: 3020

Re: Financial preparation for a Disaster Event

I keep reading that people only are getting depreciated value for their posessions?

People really don't pay extra for the replacement cost policies?
by awval999
Fri Oct 10, 2014 5:21 am
 
Forum: Personal Finance (Not Investing)
Topic: Financial preparation for a Disaster Event
Replies: 25
Views: 2773

Re: Possible Uninsured Motorist accident - UPDATE

Of course she's going to text you. That way you are out of her hair and she doesn't have to have the awkwardness of speaking to you. Congrats on getting to the end of this sticky situation.
by awval999
Thu Oct 09, 2014 8:07 am
 
Forum: Personal Consumer Issues
Topic: Possible Uninsured Motorist accident - UPDATE
Replies: 47
Views: 3379

Re: Home purchase negotiation: credit or reduced price?

The forum consensus on the last thread you made was to move on. They were never going to pay to re wire the house. I'm surprised they just didn't tell you to pound sand. If you love the house, and since it seems like you don't want to walk away I would counter at another thousand or two and see if t...
by awval999
Thu Sep 11, 2014 5:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Home purchase negotiation: credit or reduced price?
Replies: 17
Views: 1319

Re: Coin Counting Machines

Using Coinstar and receiving your money in Amazon credit is as good as cash.
You can buy anything on Amazon. Batteries, toiletries, gifts, games, etc.
I personally give all coins to my wife, except pennies. I throw away pennies.
by awval999
Wed Sep 03, 2014 7:57 pm
 
Forum: Personal Consumer Issues
Topic: Coin Counting Machines
Replies: 58
Views: 4184

Re: Should I fix a "totaled" car

I would suggest door #3. Keep it, take the money and don't repair it. You say it still drives ok. So drive it as it is. For $1600, if the thing goes 6 months, you've recovered that in what you would have made in car payments. Beyond that, you're ahead of the game. If you decide at some point that y...
by awval999
Wed Sep 03, 2014 8:15 am
 
Forum: Personal Consumer Issues
Topic: Should I fix a "totaled" car
Replies: 38
Views: 2911

Re: Establishing "Small Business" and Cheating IRS?

He can only deduct the expenses against revenue. So, yes, if he got some paying gigs he probably didn't have to pay income taxes on them because he could deduct the equipment against them. But, as far as I know, he could not deduct the expenses against his personal income. Edit: I actually did some ...
by awval999
Wed Aug 27, 2014 8:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Establishing "Small Business" and Cheating IRS?
Replies: 11
Views: 1156

Re: Can a Boglehead put down 10% on a house?

I never really understood the panic in regards to PMI. I suppose it gets stupid expensive on those Cali $800k bungalows but in the normal Midwest in a normal $200k house, it is like $70/month and that was only putting 5% down. I took LPMI instead which raises the interest rate by 0.25% instead of pa...
by awval999
Tue Aug 26, 2014 11:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Can a Boglehead put down 10% on a house?
Replies: 30
Views: 2530

Re: Buy & Hold Forever Blue Chip Stocks???

I will just simply answer the OP's question without repeating the posts above regarding the superiority of index funds.

Full disclosure, I am just simply making an educated guess.

KO
XOM
JNJ
MCD
PG
VZ
WMT
DIS
by awval999
Sun Aug 24, 2014 3:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Buy & Hold Forever Blue Chip Stocks???
Replies: 73
Views: 4640

Re: Should I fix a "totaled" car

I would suggest door #3. Keep it, take the money and don't repair it. You say it still drives ok. So drive it as it is. For $1600, if the thing goes 6 months, you've recovered that in what you would have made in car payments. Beyond that, you're ahead of the game. If you decide at some point that y...
by awval999
Sun Aug 24, 2014 11:55 am
 
Forum: Personal Consumer Issues
Topic: Should I fix a "totaled" car
Replies: 38
Views: 2911

Re: Should I fix a "totaled" car

It's done. Move on.
by awval999
Sat Aug 23, 2014 8:58 pm
 
Forum: Personal Consumer Issues
Topic: Should I fix a "totaled" car
Replies: 38
Views: 2911

Re: I need "Ultra High Net Worth" investing advice please

To be fair, as long as you don't choose to invest your entire life's savings and work in a Bernie Madoff too good to be true scheme you will be okay.

Those full service brokerages will charge you 0.5% AUM fee plus put you in 1% expense ratio funds, though.

Good job on the sale of the business!
by awval999
Sat Aug 23, 2014 3:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: I need "Ultra High Net Worth" investing advice please
Replies: 225
Views: 19402

Re: Buying a home with aluminum wiring?

We've decided to ask for a full rewire from the sellers. I am ok with the safety of the Copalum. But I am unwilling to risk higher insurance rates or having my insurance pulled completely, as well as the impact on resale. We've asked the Sellers if we can have our electrician inspect and provide an...
by awval999
Sat Aug 23, 2014 2:42 pm
 
Forum: Personal Consumer Issues
Topic: Buying a home with aluminum wiring?
Replies: 73
Views: 4964

Re: Fostering Change in HOA

Currently your HOA pays: 188 unit owners at a cost of approximately $87,000 per year. $87000 / 188 / 12 months = $38.56/month. Now I don't know if this includes internet, or how many channels you get, but this is a GOOD/GREAT deal per month. I would imagine if you start making waves here you will ge...
by awval999
Thu Aug 21, 2014 8:57 am
 
Forum: Personal Consumer Issues
Topic: Fostering Change in HOA
Replies: 41
Views: 2604

Re: Will you have to pay your parent's long term care costs?

Eventually these laws will be deemed unconstitutional as they deny the adult children "due process".
by awval999
Thu Aug 21, 2014 8:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Will you have to pay your parent's long term care costs?
Replies: 57
Views: 4215

Re: In-Law Financial Issues (long)

I can only imagine how a late 20's son-in-law nagging his in-laws regarding how they spend their money will come across. Don't forget to point out that every dollar they spend frivolously is really spending "your money".

Please do this and report the results.
by awval999
Mon Aug 18, 2014 8:21 am
 
Forum: Personal Finance (Not Investing)
Topic: In-Law Financial Issues (long)
Replies: 44
Views: 4292

Re: Bankrolled Her Brother, Regrets It (article)

But I don't regret it because, at the time, I felt it was the right thing to do. I never had any illusions of being paid back — all the money was given as gifts. I'm more upset with the way my brother chose to use those gifts . You cannot control how people spend money. No matter if it is "ent...
by awval999
Mon Aug 18, 2014 8:18 am
 
Forum: Personal Consumer Issues
Topic: Bankrolled Her Brother, Regrets It (article)
Replies: 24
Views: 3999

Re: Getting Married, traveling abroad

I proposed to my now wife in Europe. The countries that we visited and loved aren't on your radar that you previously mentioned but I just thought I would mention them. We absolutely loved Spain and Italy. And I think that in October you would get much better weather in Spain and Italy than you woul...
by awval999
Sat Aug 16, 2014 9:46 am
 
Forum: Personal Consumer Issues
Topic: Getting Married, traveling abroad
Replies: 25
Views: 1425

Re: MDs should I contest hospital privileges?

I don't understand. If it's their hospital and they don't want you there how are you going to contest that?
by awval999
Thu Aug 14, 2014 5:48 am
 
Forum: Personal Finance (Not Investing)
Topic: MDs should I contest hospital privileges?
Replies: 16
Views: 1798

Re: $65k bonus for student loans...considering not taking it

I will only say this.

As of today, no one has ever had their student loans forgiven via PSLF. PSLF is not written into your promissory note. I would tread carefully
by awval999
Mon Aug 11, 2014 9:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: $65k bonus for student loans...considering not taking it
Replies: 30
Views: 3377

Re: Convince me I can make a dumb (car-related) purchase

I don't think the OP can consider leasing because of the large daily commute which will destroy his yearly mileage allowance.

Yes, you obviously can afford it OP. Good job getting rid of (or never having) those pesky student loans.
by awval999
Mon Aug 11, 2014 8:41 am
 
Forum: Personal Consumer Issues
Topic: Convince me I can make a dumb (car-related) purchase
Replies: 56
Views: 4524

Re: Affording a 1.3 million home?

When I read these threads I am truly thankful I do not live in northern California. Truly I think it's hard for the majority of Bogleheads to respond to threads like this. It's like saying, milk is $14/gallon but my child needs it, can I afford it? I am at a loss, because whether it makes financial ...
by awval999
Thu Aug 07, 2014 7:44 am
 
Forum: Personal Finance (Not Investing)
Topic: Affording a 1.3 million home?
Replies: 105
Views: 11583

Re: Marriage: Is it tax-friendly?

The answer to the title of your post is "it depends".

In my personal situation where one spouse has a high income and one has a low income it is beneficial. In your situation where the spouses make identical salary it can cause a marriage tax penalty.
by awval999
Wed Aug 06, 2014 9:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Marriage: Is it tax-friendly?
Replies: 50
Views: 2618

Re: When is a 3.75% load worth it?

If pimco will guarantee those results in perpetuity we all would gladly pay that load and expense ratio.

But alas they cannot. And you are cherry picking a fund that has outperformed. The trick is to pick the funds before they outperform. But it is not possible.
by awval999
Wed Aug 06, 2014 12:00 am
 
Forum: Investing - Theory, News & General
Topic: When is a 3.75% load worth it?
Replies: 79
Views: 5569

Re: New York City pension mess - NY Times

I live next door in New Jersey, also with a ridiculously underfunded pension system. The only logical response for an individual is to do what most of my friends have already done when they retired. Move South to a state that funds its pension plans adequately so that your retirement funds won't be...
by awval999
Tue Aug 05, 2014 9:48 am
 
Forum: Investing - Theory, News & General
Topic: New York City pension mess - NY Times
Replies: 15
Views: 1722

Re: New York City pension mess - NY Times

I live next door in New Jersey, also with a ridiculously underfunded pension system. The only logical response for an individual is to do what most of my friends have already done when they retired. Move South to a state that funds its pension plans adequately so that your retirement funds won't be...
by awval999
Tue Aug 05, 2014 9:29 am
 
Forum: Investing - Theory, News & General
Topic: New York City pension mess - NY Times
Replies: 15
Views: 1722

Re: Old people and financial advisors - a family tale

I think it's much more likely that your great uncle is withdrawing money and that is causing the drop in account value. You would have had to TRY to lose money in the last four years or so. Even 1.5% expense ratios and 1% AUM fees wouldn't have bled money like that.
by awval999
Mon Jul 28, 2014 8:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Old people and financial advisors - a family tale
Replies: 75
Views: 5819

Re: Selling House - Do We Need a Listing Broker?

I will just say this as a person actively looking to buy a house. I don't look at FSBOs because they are almost always without question overpriced. I don't know if it's just the type of person who lists their house as FSBO, but the listings are laughable in my area. Always priced at the top of the m...
by awval999
Sun Jul 27, 2014 7:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Selling House - Do We Need a Listing Broker?
Replies: 61
Views: 2946

Re: Repair car vs. buy new vs. lease -- EV or not?

How much time would you save with the carpool/hov lanes? If you are a hot shot in Mountain View that alone may be worth the cost of the new vehicle due to the value of your time.
by awval999
Sun Jul 20, 2014 7:49 pm
 
Forum: Personal Consumer Issues
Topic: Repair car vs. buy new vs. lease -- EV or not?
Replies: 16
Views: 1691

Re: Advice for how to fund my wedding

How is it possible to spend this much on a wedding? Are there not lower cost alternatives that are acceptable? What happens if you lose your job, will you and your DH be happy then that you whistled $45,000 down the wind? The OP clearly states the amount of this wedding is not up for discussion. An...
by awval999
Tue Jul 08, 2014 4:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advice for how to fund my wedding
Replies: 54
Views: 2967

Re: Advice for how to fund my wedding

Option two. Sell high. Enjoy your gains. Enjoy your wedding.
by awval999
Tue Jul 08, 2014 3:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advice for how to fund my wedding
Replies: 54
Views: 2967

Re: Do you tell your kids how much you make?

I will preface my comments with the fact that I'm 28. To be honest I can't remember exactly the time period my parents discussed salary with me but I will guess that it was around the whole college application process/age 18 time. My parent's are traditional blue collar salt of the earth earners, th...
by awval999
Fri Jul 04, 2014 7:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you tell your kids how much you make?
Replies: 58
Views: 6437

Re: 20 Year vs 30 Year Term Life Insurance for a 35 year old

I'm 28. Just bought a 30 year. Recently married, breadwinner. No children yet. But I wanted to get preferred-plus rates when I still could. I have borderline pre-hypertension, my parents are unhealthy and any day something could happen to them which would wreck my rates. You could always split the d...
by awval999
Thu Jul 03, 2014 11:58 am
 
Forum: Personal Finance (Not Investing)
Topic: 20 Year vs 30 Year Term Life Insurance for a 35 year old
Replies: 14
Views: 1292

Re: homeowners ins deductible

If you can afford the loss, take the highest deductible available. I've always done that with all types of insurance including homeowners, auto and medical. Over time it's cost me very little and saved me tens of thousands. Bruce Ditto, also eliminated physical damage coverage on autos after 4 year...
by awval999
Thu Jul 03, 2014 11:36 am
 
Forum: Personal Finance (Not Investing)
Topic: homeowners ins deductible
Replies: 7
Views: 811

Re: NY Yankees seats - best value?

I recommend Stubhub. The longer you wait the even better the values are, but then again you may not want to wait until day of.
by awval999
Tue Jul 01, 2014 9:06 am
 
Forum: Personal Consumer Issues
Topic: NY Yankees seats - best value?
Replies: 12
Views: 937

Re: Choosing Insurance Carrier for Term Life Insurance

I just went through the process and chose TransAmerica. I too eliminated companies with B+ and A- ratings. TransAmerica was very close on rates to the other A- company I have my auto insurance with. Figuring I am making a 30 year commitment I went with TransAmerica. My agent doesn't sell TIAA-CREF. ...
by awval999
Mon Jun 30, 2014 10:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Choosing Insurance Carrier for Term Life Insurance
Replies: 8
Views: 887

Re: Convince me to visit Italy

The best food I've ever eaten has been in Italy.
by awval999
Sat Jun 14, 2014 10:04 pm
 
Forum: Personal Consumer Issues
Topic: Convince me to visit Italy
Replies: 77
Views: 5631

Re: Frustration with medical providers

A lecture? If you get sick and have to go to the hospital you are at risk of losing everything you have worked your entire life for. Self pay hospital billing is outrageous and atrocious and accountable to no one. And the only people at risk of having to pay full price are people with savings. The f...
by awval999
Fri Jun 13, 2014 4:06 pm
 
Forum: Personal Consumer Issues
Topic: Frustration with medical providers
Replies: 24
Views: 1770

Re: Peppy V6 With Good Fuel Economy

Probably a V6 Honda Accord
by awval999
Wed Jun 11, 2014 6:49 pm
 
Forum: Personal Consumer Issues
Topic: Peppy V6 With Good Fuel Economy
Replies: 35
Views: 3055

Re: Avoiding the two house monster...

Doctev wrote:We attempted to split 50/50 and he declined.

Doctev


Figured. It's no risk to him. It's not his money. And he doesn't care. Welcome to the wonderful world of (censored) sellers.
by awval999
Sat Jun 07, 2014 8:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Avoiding the two house monster...
Replies: 21
Views: 2185

Re: Avoiding the two house monster...

Ask the seller how he wants to proceed. Be prepared to agree to split earnest money.
by awval999
Sat Jun 07, 2014 8:28 am
 
Forum: Personal Finance (Not Investing)
Topic: Avoiding the two house monster...
Replies: 21
Views: 2185

Re: Avoiding the two house monster...

Had a similar issue buying a house, except it was electrical instead. Seller refused to sign mutual release. Realtor allowed seller to re-list house. He eventually sold. I sued him for the earnest money (for the release). He sued me for the difference of my offer and the accepted offer. A couple tho...
by awval999
Sat Jun 07, 2014 7:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Avoiding the two house monster...
Replies: 21
Views: 2185

Re: Demographics of Millenials and how that will affect retu

We may be delaying children and marriage but we are not delaying spending. Couples live together and buy houses or rent houses. Couples still travel, eat out, spend money, etc. Obviously the largest anchor weighing down millenials is our titanic student loan obligations.
by awval999
Fri Jun 06, 2014 5:45 am
 
Forum: Investing - Theory, News & General
Topic: Demographics of Millennials and how that will affect returns
Replies: 14
Views: 1876

Re: I just graduated, fiancee has one more year - Marry now?

Calm Man is stating the obvious. Sometimes, for things like weddings, and your marriage, and your future wife, you just have to give up the fact that you'll be saving the $4000 and do it the "right way". Getting married on paper? What is that? If you want to get married then fly to Vegas, ...
by awval999
Wed Jun 04, 2014 5:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: [I just graduated, fiancee has one more year - Marry now?]
Replies: 33
Views: 1184

Re: Getting out of large student loan debt

I don't know any medical field that isn't an MD that pays $150k starting, maybe nurse anesthetist. Are you sure you aren't over-guessing the salary? I am hoping it isn't pharmacy. You are talking to a pharmacist here.
by awval999
Sat May 31, 2014 6:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Getting out of large student loan debt
Replies: 45
Views: 3673

Re: Getting out of large student loan debt

Planning to have a child the year she graduates from medical school post $300k in debt? She won't even be able to take FMLA as you need to have a year of employment first. You and your wife need to get your debt under control before you add a child imo. I'm not saying you need to be debt free by any...
by awval999
Sat May 31, 2014 7:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Getting out of large student loan debt
Replies: 45
Views: 3673

Re: Any recommended rental car agencies in Cancun?

Do you speak Spanish? People typically don't rent a car and drive around Mexico for a variety of reasons. You stated that you are "vacationing South" of Cancun. Where exactly are you driving to? There are private transfer companies that can take you to your hotel from the airport. And priv...
by awval999
Fri May 30, 2014 7:02 pm
 
Forum: Personal Consumer Issues
Topic: Any recommended rental car agencies in Cancun?
Replies: 3
Views: 353
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