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by kermit
Wed May 13, 2015 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Closing on house in less then 30 days- bad idea?
Replies: 24
Views: 2049

Re: Closing on house in less then 30 days- bad idea?

I did 21 days, no contingencies, with a mortgage in SF. We were extremely confident in our lender and they did an exceptional job. But we also had the cash to pay for the home just in case. I think it all depends on how much you trust your lender. Our lender had worked with most of my coworkers and ...
by kermit
Fri Mar 27, 2015 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: How are qualified dividends taxed?
Replies: 6
Views: 665

Re: How are qualified dividends taxed?

That stacked chart makes a lot of sense. Thanks!
by kermit
Fri Mar 27, 2015 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: How are qualified dividends taxed?
Replies: 6
Views: 665

How are qualified dividends taxed?

Let's say I had absolutely no income other than $100,000 in qualified dividends. How would they be taxed? At the 0% rate because I otherwise have no income? Or at the 15% tax rate because if I had $100,000 in real income that is how they'd be taxed?
by kermit
Tue Feb 17, 2015 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Which Credit Card Should I Open?
Replies: 20
Views: 5310

Re: Which Credit Card Should I Open?

My credit score is 800 so I would probably get approved for just about any card I apply to. I want to open a new card so that I can increase my amount of available credit, thus decreasing my utilization ratio and increasing my credit score even more. I want a spare card since I have only 1 credit c...
by kermit
Wed Dec 31, 2014 12:47 pm
Forum: Investing - Theory, News & General
Topic: Facebook is Outrageous
Replies: 78
Views: 10257

Re: Facebook is Outrageous

Here's what I hate about Facebook. This year, they created those holiday-slide-show things that say "It's been a great year! Thanks for being a part of it." I seem to have gotten one from everyone I know, and nobody I've talked to has remembered doing anything to create one. Facebook has ...
by kermit
Mon Dec 29, 2014 9:48 pm
Forum: Investing - Theory, News & General
Topic: Facebook is Outrageous
Replies: 78
Views: 10257

Re: Facebook is Outrageous

Here's what I hate about Facebook. This year, they created those holiday-slide-show things that say "It's been a great year! Thanks for being a part of it." I seem to have gotten one from everyone I know, and nobody I've talked to has remembered doing anything to create one. Facebook has ...
by kermit
Mon Dec 22, 2014 1:54 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with 5M?
Replies: 93
Views: 15441

Re: What to do with 5M?

Hey all, So here's my current plan. I'm about to pull the trigger on moving almost $2M into Vanguard under the following allocations: - 42% Total US Stock Market [VTSAX] - 18% Total International Stock Market [VTIAX] - 40% Intermediate-Term Muni Bond Market [VWIUX] I'm trying to keep things as simp...
by kermit
Mon Nov 10, 2014 12:56 am
Forum: Investing - Help with Personal Investments
Topic: Taxable account for early retirement?
Replies: 19
Views: 3012

Re: Taxable account for early retirement?

You can always increase taxable savings in the future; there are no limits or laws in your way. But each year you only have so much you can contribute to your 401k and IRA. So maximize those before you start taxable savings. I too am planning an early retirement and I do taxable investing too; but o...
by kermit
Fri Oct 17, 2014 1:54 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting VTIAX
Replies: 18
Views: 1528

Re: Tax Loss Harvesting VTIAX

I tax loss harvest between VTIAX and VFWAX internationally and VTSAX and VLCAX domestically. I can't see how these pairings could be considered substantially identical since they use different indexes and have different portfolios. Thank you for being the first person to actually answer my question...
by kermit
Fri Oct 17, 2014 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting VTIAX
Replies: 18
Views: 1528

Re: Tax Loss Harvesting VTIAX

placeholder wrote:Why are people so concerned about wash sales?


I just don't want to mess this up.
by kermit
Fri Oct 17, 2014 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting VTIAX
Replies: 18
Views: 1528

Re: Tax Loss Harvesting VTIAX

If you don't mind as a fellow holder (of both fund and loss) could I add a supplemental question which I think is relevant ? What actually counts as a wash sale (in terms of stock/fund being considered identical to that sold) - e.g does selling VTIAX and buying TSM same day count ? This seems not r...
by kermit
Fri Oct 17, 2014 11:46 am
Forum: Investing - Help with Personal Investments
Topic: Tax Loss Harvesting VTIAX
Replies: 18
Views: 1528

Tax Loss Harvesting VTIAX

I have significant losses in VTIAX (Vanguard Total International Stock Index Fund Admiral Shares), nearly $20,000, and I'd like to harvest those losses this year. Instead of waiting 31 days can I just exchange 100% of the funds into something like VFWAX (Vanguard FTSE All-World ex-US Index Fund Admi...
by kermit
Thu Oct 02, 2014 4:02 pm
Forum: Investing - Theory, News & General
Topic: What SWR/expense multiple to use for early retirement plan?
Replies: 63
Views: 3698

Re: What SWR/expense multiple to use for early retirement pl

I've heard 2.3% thrown around as the perpetual withdrawal rate. It's what I'm planning on using targeting age 40 (if everything goes to plan).
by kermit
Wed Oct 01, 2014 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Would you buy a house in cash if you had enough?
Replies: 59
Views: 4944

Re: Would you buy a house in cash if you had enough?

I went through this recently; similar rate as well (4.05%). I opted to take the mortgage. We are in a high tax bracket and the math just made it too good to pass up.
by kermit
Thu Aug 28, 2014 1:47 pm
Forum: Personal Consumer Issues
Topic: roomba?
Replies: 13
Views: 1502

Re: roomba?

I had one 3 years ago. Did a fine job but needed attention too often (cleaning, repairs, etc.). Now we have a new place with all hardwood floors and multiple levels; Roomba just isn't for us anymore.
by kermit
Mon Aug 18, 2014 4:58 pm
Forum: Investing - Theory, News & General
Topic: Your biggest "Missed Money" event that still kills you?
Replies: 102
Views: 9197

Re: Your biggest "Missed Money" event that still kills you?

I was offered to take a sign on bonus in cash or RSUs at a pre IPO company that eventually IPO'd. At the time let's say the company was worth x (internal valuations). At time of IPO it was valued at 17x. Can't complain too much as things have worked out very well but if I took the RSUs we'd be set f...
by kermit
Fri Aug 15, 2014 11:41 am
Forum: Investing - Theory, News & General
Topic: Reminder: Check your 401K contribution rates
Replies: 27
Views: 3865

Re: Reminder: Check your 401K contribution rates

Ask your employer to fix this broken system. Ours doesn't matter when you contribute. If I front load everything I get the same match I would if I spread it out. Worry-free.
by kermit
Wed Aug 06, 2014 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: Your opinion of mint.com
Replies: 38
Views: 3573

Re: Your opinion of mint.com

I use Mint but only have it connected to bank accounts and credit cards. No investments. The bank accounts don't hold a serious amount of cash. I like keeping the bank accounts in Mint because it makes the Net Income graphs useful.

But I don't connect my investment accounts to it.
by kermit
Fri Jul 18, 2014 2:28 pm
Forum: Personal Consumer Issues
Topic: 2 days in San Francisco
Replies: 25
Views: 1864

Re: 2 days in San Francisco

I'm presenting a poster for a research conference in SF at the end of the month (7/28-29), and DW and I decided to go up early together on Saturday morning (7/26) and make a mini-vacation of it. The conference is right by SFO, but to be closer to attractions in the city we got a room just south of ...
by kermit
Mon Jun 23, 2014 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Is Medical School Worth it Financially?
Replies: 66
Views: 5737

Re: Is Medical School Worth it Financially?

Finally, for CS/EE/CSE, there was/is the potential for substantial equity compensation not accounted for in the base salary. If lucky, this could work out to six figures per year... or more. http://www.itworld.com/cloud-computing/399839/man-or-myth-3-million-google-engineer This is very important. ...
by kermit
Mon Jun 23, 2014 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Is Medical School Worth it Financially?
Replies: 66
Views: 5737

Re: Is Medical School Worth it Financially?

I have specific data points from individuals that have basically told me or strongly hinted toward what they make. My cousin is a family practice doctor with Kaiser and makes around $175k. Out of a group of 6 friends in college where 5 chose to be either computer science or engineering and I chose ...
by kermit
Mon Jun 23, 2014 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Is Medical School Worth it Financially?
Replies: 66
Views: 5737

Re: Is Medical School Worth it Financially?

I think your numbers for medicine are exaggerated and/or make assumptions about what speciality you are going into. My wife is a pediatrician and most of our closest friends are doctors. I know a lot of the intimate details of their salaries; not to mention the fact that they work for a state instit...
by kermit
Wed May 07, 2014 4:31 pm
Forum: Personal Consumer Issues
Topic: need router advice
Replies: 56
Views: 4076

Re: need router advice

AirPort Extreme is the best router I've ever owned; also the most expensive. But it never needs a reboot and has excellent range.
by kermit
Fri May 02, 2014 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Buying first home in SF - gut check
Replies: 93
Views: 10740

Re: Buying first home in SF - gut check

So we bought a house! We ended up increasing our budget (by increasing the down payment, not the mortgage) as we were not happy with the homes we saw in that price range save for a few that we got outbid on :( . But we ended up with a large 4 bedroom down-to-the-studs remodel in the exact neighborho...
by kermit
Fri Mar 28, 2014 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Buying first home in SF - gut check
Replies: 93
Views: 10740

Re: Buying first home in SF - gut check

Yet the very idea that this could happen is 'unthinkable' to him. Never did I say this; the mere fact that I'm posed this question here proves I'm well aware of all the risks. And I'm very aware of how lucky I got and the fact that I should not expect the events that got me where I am today to happ...
by kermit
Wed Mar 26, 2014 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Buying first home in SF - gut check
Replies: 93
Views: 10740

Re: Buying first home in SF - gut check

What do you need all the liquidity for? In other words, why not use most of your $2.5M portfolio to buy the house? This is something I've been wrestling with too. We've been debt free for a long time and I'm not sure how I will feel with a mortgage. But the rates are low enough now that I think hol...
by kermit
Wed Mar 26, 2014 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Buying first home in SF - gut check
Replies: 93
Views: 10740

Re: Buying first home in SF - gut check

Yes, it is normal for humans to make plans based on optimistic and best case scenarios. Meanwhile, my family is considering selling its apartment building in SF after a two and a half decade bull market. OP should consider - what if wife stays home? what if one job goes away? What if options end up...
by kermit
Wed Mar 26, 2014 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Buying first home in SF - gut check
Replies: 93
Views: 10740

Re: Buying first home in SF - gut check

If moving somewhere w/ a lower cost of living is an option, the benefits of compounded growth and lowered cost of living would set you on track for a very early retirement. Plug that $2.5M into a spreadsheet, pick a conservative anticipated growth rate, and see where you'd be at age 40... Moving is...
by kermit
Wed Mar 26, 2014 2:59 am
Forum: Personal Finance (Not Investing)
Topic: Buying first home in SF - gut check
Replies: 93
Views: 10740

Re: Buying first home in SF - gut check

Also - and I don't want or expect you to answer this question - how do you come into $2.5m at age 28? I think the way you approach spending that money matters a lot in terms of how you acquired it. And whether you believe you have additional family resources to fall back on if this bubble bursts or...
by kermit
Wed Mar 26, 2014 1:11 am
Forum: Personal Finance (Not Investing)
Topic: Buying first home in SF - gut check
Replies: 93
Views: 10740

Re: Buying first home in SF - gut check



Nothing new in that document. We all know the housing market in SF is a crazy expensive. I'm not asking if it is worth it. I'm asking if I can afford it.
by kermit
Wed Mar 26, 2014 12:25 am
Forum: Personal Finance (Not Investing)
Topic: Buying first home in SF - gut check
Replies: 93
Views: 10740

Re: Buying first home in SF - gut check

Your property tax will be close to $20k/year. While that shouldn't be a problem now, it may be a burden as you get older and closer to retirement. You can't pay off property tax. It is there every year. Otherwise, you're right, San Francisco is crazy. If it is an older home, check out its earthquak...
by kermit
Wed Mar 26, 2014 12:06 am
Forum: Personal Finance (Not Investing)
Topic: Buying first home in SF - gut check
Replies: 93
Views: 10740

Buying first home in SF - gut check

My wife and I are considering purchasing our first home in San Francisco. A little bit about us: Age: Both 28 Jobs: stable Income: ~$430k with vesting RSUs. If you consider salary only then ~$230k Portfolio: $2.5M (mostly diversified index funds but a small amount of that is vested company stock tha...
by kermit
Wed Feb 05, 2014 9:41 pm
Forum: Personal Consumer Issues
Topic: Any other travel freaks?
Replies: 117
Views: 9566

Re: Any other travel freaks?

According to Mint travel is 19% of our expenses. And this doesn't include restaurants, tickets to events, etc. while traveling (those are in a separate category and difficult to tease out which were while traveling). So 19% is just airfare, hotels, and rental cars. It's our largest expense other tha...
by kermit
Mon Jan 13, 2014 5:12 am
Forum: Personal Finance (Not Investing)
Topic: Good/ enjoy math, but dislike programming: College major?
Replies: 65
Views: 3700

Re: Good/ enjoy math, but dislike programming: College major

and at the same time he wants to major in something that is likely to get him a good job/ career in the future. ... I'm almost tempted to just advise him to grind through Comp Sci (esp if his grades are ok) and just figure it out after he graduates, but maybe there's a better path/ major? I strongl...
by kermit
Thu Jan 02, 2014 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Single & Frugal or Coupled & (Financially) Incompatible?
Replies: 77
Views: 6200

Re: Single & Frugal or Coupled & (Financially) Incompatible?

Frugality isn't black and white. It is a spectrum that one slides up and down over time. I don't think finances should get in the way of love; perhaps that sounds foolish but, in my experience, happiness doesn't come from massing piles of money. My wife and I are young professionals in our late 20s ...
by kermit
Wed Jan 01, 2014 9:30 am
Forum: Investing - Help with Personal Investments
Topic: Official 2014 IRA is done. Sign-up
Replies: 47
Views: 2878

Re: Official 2014 IRA is DONE sign-up

Technically nobody can be done since the markets aren't opening today. But my orders are in place and once everything settles I'll do the backdoor conversions immediately.
by kermit
Thu Nov 07, 2013 3:27 pm
Forum: Investing - Theory, News & General
Topic: Twitter IPO?
Replies: 60
Views: 2670

Re: Twitter

Twitter severely underpriced their company. They literally left billions of dollars on the table to be distributed to investors that were lucky enough to get in before the pop. Had they priced it accurately then Twitter would be pocketing that money. And long term investors would be better off becau...
by kermit
Thu Jul 11, 2013 2:21 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Flagship l Advisor
Replies: 41
Views: 5069

Re: Vanguard Flagship l Advisor

70/30 for a 46 year old who is clearly on track to win the game and then some? Too aggressive for me. I'd be looking closer to 60/40. As far as the funds go; that is basically my exact portfolio but with different ratios. Can't go wrong with those funds. Interesting, as I'd take the opposite approa...
by kermit
Wed Jul 10, 2013 8:13 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Flagship l Advisor
Replies: 41
Views: 5069

Re: Vanguard Flagship l Advisor

70/30 for a 46 year old who is clearly on track to win the game and then some? Too aggressive for me. I'd be looking closer to 60/40.

As far as the funds go; that is basically my exact portfolio but with different ratios. Can't go wrong with those funds.
by kermit
Tue Jun 18, 2013 3:53 pm
Forum: Personal Consumer Issues
Topic: WiFi Router Recommendations?
Replies: 44
Views: 3827

Re: WiFi Router Recommendations?

AirPorts do this very well. One connected to your router and a bunch set up around your house extended the network. I do this with a last gen Extreme and a last gen Express. Works brilliantly. Is the Express acting as a extender, picking up the WiFi signal from the Extreme and rebroadcasting it? Ex...
by kermit
Mon Jun 17, 2013 7:43 pm
Forum: Personal Consumer Issues
Topic: WiFi Router Recommendations?
Replies: 44
Views: 3827

Re: WiFi Router Recommendations?

I have wireless access points (I probably should have been more clear in my initial post) spread out: 2 upstairs and 2 downstairs at roughly opposite ends of the house. Same SSID and password on each. I tried this once, using the same SSID and password with 2 two devices connected via DSL. It did n...
by kermit
Mon Jun 17, 2013 1:52 pm
Forum: Personal Consumer Issues
Topic: What did you give your wife on your wedding day?
Replies: 81
Views: 5190

Re: What did you give your wife on your wedding day?

Beautiful earrings to wear down the aisle.
by kermit
Mon Jun 17, 2013 10:28 am
Forum: Personal Consumer Issues
Topic: WiFi Router Recommendations?
Replies: 44
Views: 3827

Re: WiFi Router Recommendations?

They are on the pricey end but the most robust router I've ever owned, by far, is the Apple AirPort Extreme: http://www.apple.com/airport-extreme/. Very reliable and extremely easy to use. The only change I recommend from the default settings is assigning a different SSID for the 5ghz band. I found ...
by kermit
Tue May 28, 2013 10:48 am
Forum: Personal Consumer Issues
Topic: buying a new laptop
Replies: 53
Views: 5531

Re: buying a new laptop

Thanks Brantley. Any idea when the new Haswell chips will come into the market. Apple's WWDC conference on June 10 is expected to have an announcement about using Haswell chips in a completely new lineup of laptops. I expect all of the big name brands to be releasing Haswell updates around this time.
by kermit
Mon May 06, 2013 2:47 am
Forum: Personal Consumer Issues
Topic: Dining out : Special requests
Replies: 52
Views: 3153

Re: Dining out : Special requests

I have never had a problem with special requests. My wife is a pescatarian and we often need to make adjustments to even fixed course tasting menus; never have we had issues. The difference is we don't eat at chain restaurants like Buca di Beppo. Nothing against them, they have their part in the wor...
by kermit
Sun May 05, 2013 9:30 pm
Forum: Investing - Help with Personal Investments
Topic: First time poster, 30 year old with investment plan
Replies: 17
Views: 2290

Re: First time poster, 30 year old with investment plan

Here are the cheap index funds in your 401k: *S&P 500 INDEX 09/26/2005 Stock Investments large cap, Exp Ratio (gross) - 0.0661% INTERNATIONAL INDEX 09/26/2005 Stock Investments International, Exp Ratio (gross) - 0.0359% BOND INDEX 09/26/2005 Bond/Managed Income, Exp Ratio (gross) - 0.075% I see ...
by kermit
Wed Apr 17, 2013 8:09 am
Forum: Personal Consumer Issues
Topic: Poll: How many $100 dinners out per year?
Replies: 152
Views: 9990

Re: Poll: How many $100 dinners out per year?

Once a week (possibly every other week). $100 is nothing for a dinner in a big, expensive, food loving city. A more interesting question for cities like San Francisco and New York would be $500 dinners. Those we do about once a year.
by kermit
Thu Mar 14, 2013 10:18 am
Forum: Personal Consumer Issues
Topic: What % of gross income do you spend on rent/mortgage?
Replies: 132
Views: 7362

Re: What % of gross income do you spend on rent/mortgage?

22.7%. The San Francisco Bay Area is very expensive; before we moved here we payed closer to 9%.
by kermit
Sun Mar 10, 2013 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: "Strategic divorce" for tax-purposes for 2 physicians
Replies: 47
Views: 4923

Re: "Strategic divorce" for tax-purposes for 2 physicians

What do the numbers look like for married filling separately?
by kermit
Sun Mar 10, 2013 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: Why should young people invest in bonds at all?
Replies: 87
Views: 8692

Re: Why should young people invest in bonds at all?

Am I the only under-30 (I turn 30 at the end of this upcoming June) with a sizable bond portion? I'm at 30% - slightly more than my age, even! - and, even with the stock portion going up quicker than my bond portion of my portfolio, I'm not tempted to switch over to more equities. Well, this 27 yea...

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