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Re: Who to Use: CPA, Financial Advisor, Someone Else?

In fact, their philosophy is so close to mine , their analysis of our current portfolio showed that. My total expense ratio for our entire portfolio is 0.38% (I think he was a little bummed about that, since they won't be able to reduce that much to compensate for their 1% fee). He told me that our...
by neurosphere
Thu Nov 20, 2014 8:10 am
 
Forum: Investing - Help with Personal Investments
Topic: Who to Use: CPA, Financial Advisor, Someone Else?
Replies: 63
Views: 3420

Re: Vanguard launches new offering ...

lululu wrote:That ceramic mug is big enough to make a casserole in.


Or it's just big enough for a 12 oz soda with ice. Or ice coffee. It's good for hot or cold beverages I would assume.
by neurosphere
Tue Nov 18, 2014 10:57 am
 
Forum: Personal Consumer Issues
Topic: Vanguard launches new offering ... [Vanguard merchandise]
Replies: 90
Views: 9007

Re: AA canceled flight: premium seat fee not refunded

Here's a tip: Don't ever pay for a premium seat, but still sit in a premium seat without paying. Here's how I do it: I buy my ticket for cheap seat, then the day before the flight, I look online and change my seat assignment to a premium seat at no charge. What airlines does this work on? I know it...
by neurosphere
Wed Oct 29, 2014 1:17 pm
 
Forum: Personal Consumer Issues
Topic: canceled flight on AA: premium seat fee not refunded
Replies: 30
Views: 2315

Re: Resident- Disability Insurance

...This is an actuarial question I cannot answer - how many residents apply for claims in their disability policy? My experience - none that I am aware of and likely very few altogether. .... I saw it twice at my institution. One was my chief resident who had open heart surgery for valve replacemen...
by neurosphere
Mon Oct 27, 2014 5:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Resident- Disability Insurance
Replies: 8
Views: 1020

Re: Solo 401k with after-tax contribution option

With a Solo 401k, you can defer taxes on $17,500 as the employee, but doesn't the employer (also you) get a tax benefit by filling up the rest of the $52k? Maybe that is why you haven't found one with an after-tax sub account? Where have you checked? Yes, the limit is $52,000, but the employee/empl...
by neurosphere
Mon Oct 20, 2014 5:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Solo 401k with after-tax contribution option
Replies: 10
Views: 929

Re: Solo 401k with after-tax contribution option

Does anyone have or know of a SOLO 401k with an option to make after-tax contributions as described in the following link?? I haven't checked extensively, but I haven't been able to find a solo 401k account which allows for after tax contributions. If such a solo 401k existed, I would expect it to ...
by neurosphere
Mon Oct 20, 2014 5:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Solo 401k with after-tax contribution option
Replies: 10
Views: 929

Re: Why are 401k plans expensive?

Basically, you should understand that this is one of the largest tax deductions a company can take and therefore, it is heavily regulated. Companies have to pay money for expertise to ensure they are in compliance with federal regulation. Yes, sure, there is a cost. But why is there up to a ten-fol...
by neurosphere
Sun Oct 19, 2014 9:59 pm
 
Forum: Investing - Theory, News & General
Topic: Why are 401k plans expensive?
Replies: 39
Views: 3105

Re: advice on a surface pro 3

What is the battery life like on a Surface Pro 3? What is the boot time? Is it possible to use it all day on standby mode like an iPad? I have a slate but the short battery life and long boot time and weight and heat makes it not practical for whole day of meetings and use on the run. I have the Pr...
by neurosphere
Thu Oct 16, 2014 6:46 am
 
Forum: Personal Consumer Issues
Topic: advice on a surface pro 3
Replies: 28
Views: 2752

Re: Crazy asset-based fees in my 401K!

Here's my question: am I crazy or this "advisor/consultant" taking my employer and all it's employees for a ride all these years? Perhaps it's not an either/or question. The 401k plan is taking you for a ride. Separately, you may be crazy. :D While your 401k may indeed charge fees near th...
by neurosphere
Tue Oct 14, 2014 6:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Crazy asset-based fees in my 401K!
Replies: 49
Views: 2573

Re: When must I fund my solo 401k?

Am I correct in understanding that I can fund my 2014 solo 401k in the early part of 2015 (as I do with my Roth), so long as the solo 401k is opened in 2014? Thank you My understanding is the employee part must be funded during the calendar year but the employer match by April 15 the next year or w...
by neurosphere
Tue Oct 14, 2014 12:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: When must I fund my solo 401k?
Replies: 11
Views: 626

Re: Creating a 401k for my company through Employee Fiduciar

Why did you decide to include SCV and ST corp bond? Just in case the employer was interested in tilting that way? Yes, just in case the owner wanted to tilt in the future, but the chances of that are low. Mostly I wanted to see how easy it would be to make changes to the plan, so I added a couple o...
by neurosphere
Tue Oct 14, 2014 10:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Creating a 401k for my company through Employee Fiduciary
Replies: 85
Views: 6284

Re: Creating a 401k for my company through Employee Fiduciar

For what it's worth, I recently helped a client set up a 401k with Employee Fiduciary, and these were the funds we used (all Vanguard, and all Admiral where available): Total Stock Market Total Bond Market Total International Stock Small Cap Value Fund Short-Term Corporate Bond Fund Vanguard Prime M...
by neurosphere
Mon Oct 13, 2014 8:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Creating a 401k for my company through Employee Fiduciary
Replies: 85
Views: 6284

Re: Creating a 401k for my company through Employee Fiduciar

What are the options for a fee-based advisor that would reduce some of my fiduciary liability? Define fiduciary liability? In practical terms, what would a plan participant possibly sue you for, that didn't involve outright fraud on the employers part? I can think of one, right off the bat, and tha...
by neurosphere
Mon Oct 13, 2014 8:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Creating a 401k for my company through Employee Fiduciary
Replies: 85
Views: 6284

Re: Tax deduction (if any) of air commuting?

If you had an office outside the home, and went there first, then the travel should be deductible. So what's to stop me getting a desk, computer, phone in a small rental office near my house to use for my personal firm, and then simply going from that office to the airport, rather than coming home ...
by neurosphere
Thu Oct 09, 2014 5:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax deduction (if any) of air commuting?
Replies: 5
Views: 449

Tax deduction (if any) of air commuting?

Hi all, without getting into too many details, I have a unique opportunity to accept a job in another city. I plan to fly to the job and live/work in that state, say for 10 days in a row each month. Then I would return home (NYC) and live for the remaining 20 days a month. I would be a conventional ...
by neurosphere
Thu Oct 09, 2014 5:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax deduction (if any) of air commuting?
Replies: 5
Views: 449

Re: U.S. stocks in freefall

Not only show the Y=0 line, but also use a semi-log plot. :?: :?: L. Thanks for the explanation, which I will study. However, my nitpick comment was simply that you cannot put the value zero on a log scale. L. Ha, yes, of course. I know that (blush). It was a joke! Yeah, that's it. But seriously, y...
by neurosphere
Fri Oct 03, 2014 4:21 pm
 
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 941
Views: 158330

Re: American Funds

[weird, I just submitted a post to this tread, or so I thought, and it's nowhere to be found...so here is a short summary of what I had thought I had previously submitted] Another point to remember is that your boss has the leeway to allow you to choose your own SIMPLE IRA custodian/firm. Nothing pr...
by neurosphere
Fri Oct 03, 2014 3:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: American Funds
Replies: 15
Views: 1514

Re: American Funds

I would think of the 3% match as likely covering most if not all of the loads, plus a substantial portion of the fees. In my mind, that mitigates the effect of any potential loads or higher expense ratios. But remember, you can transfer SIMPLE IRA funds while employed. So you can minimize the effect...
by neurosphere
Fri Oct 03, 2014 3:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: American Funds
Replies: 15
Views: 1514

Re: Fidelity Account Executive

I've also had Fidelity try to sell me advisor services on several occasions. The first time was when I called to ask some questions about setting up a 401k. It was clear the person on the phone was interested in much more than simply answering procedural questions about a rollover, but was also tryi...
by neurosphere
Thu Oct 02, 2014 10:59 am
 
Forum: Investing - Help with Personal Investments
Topic: Fidelity Account Executive
Replies: 7
Views: 643

Re: U.S. stocks in freefall

I once had a professor that consistently argued that all charts and graphs of this type should have the Y-axis start at 0 (and not omit any of the territory between 0 and the top of the graph) to accurately depict the magnitude of the change in relative terms. I bet this graph would look pretty clo...
by neurosphere
Wed Oct 01, 2014 8:00 pm
 
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 941
Views: 158330

Re: U.S. stocks in freefall

My father called me today to tell me that he hasn't checked his portfolio lately, and wondered if I would update him on his balances on a little spreadsheet widget I made for him. I told him my spreadsheet was busted, and that it might take me a couple of years or more to getting around to fixing it...
by neurosphere
Wed Oct 01, 2014 3:46 pm
 
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 941
Views: 158330

Re: Social Security: "highest 35 years..." ?

I have a blog post that illustrates the concept of bend points and also the effect of zero income years in a graph: http://www.sotirioskeros.com/2014/04/12/socialsecuritybenefits/ The chart/post is based on an example of young professional who has a delay in her first year of income, but then quickl...
by neurosphere
Tue Sep 30, 2014 10:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Social Security: "highest 35 years..." ?
Replies: 4
Views: 1063

Re: Obese airline passenger

This is a thread which is likely to get locked. There is really no good answer, and there are dozens of different opinions. My wife any I have VERY different opinions on what the correct course of action is on a plane when we are seated next to a passenger of size and which makes our flight more unc...
by neurosphere
Sun Sep 28, 2014 8:40 pm
 
Forum: Personal Consumer Issues
Topic: Obese airline passenger
Replies: 62
Views: 4939

Re: How much excess 401k contribution is reportable to the I

Perhaps an excess contribution of less than 50 cents could be rounded down to the next dollar? In which case your answer is "49 cents". :) This is from the IRS 1040 instructions: Rounding Off to Whole Dollars You can round off cents to whole dollars on your return. If you do round to whole...
by neurosphere
Sun Sep 28, 2014 5:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much excess 401k contribution is reportable to the IRS
Replies: 8
Views: 782

Re: Chase Ultimate Rewards Program

For maximum flexibility keep your points as UR until you want to fly. They transfer instantly to United or British Airways. I have only transferred Chase points to Amtrak. All points were usually transferred the same day, but one transfer took over 6 days, which was quite annoying. The terms of ser...
by neurosphere
Sat Sep 27, 2014 7:05 pm
 
Forum: Personal Consumer Issues
Topic: Chase Ultimate Rewards Program
Replies: 27
Views: 12307

Re: Answer to Most Physician/High Net Worth Questions:

That's not a bad list, and anyone who can follow it will do quite well. But the obvious bullet point may have to be #0: " Plan to live on half your salary, and save/invest the rest ". And as others on this board, including myself has advised, "live like a resident" [Edit: letsgo...
by neurosphere
Sat Sep 27, 2014 5:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Answer to Most Physician/High Income Job Questions:
Replies: 31
Views: 2448

Re: Disappointed in Vanguard customer service

Here is a recent article about hold music and its history which I found interesting: http://www.slate.com/articles/arts/culturebox/2014/09/history_of_hold_music_how_did_we_end_up_with_handel_tinkling_through_the.html For those who find hold music annoying, Google has a patent for personalized hold m...
by neurosphere
Sat Sep 27, 2014 12:41 pm
 
Forum: Investing - Theory, News & General
Topic: Disappointed in Vanguard customer service
Replies: 38
Views: 4451

Re: Answer to Most Physician/High Net Worth Questions:

That's not a bad list, and anyone who can follow it will do quite well. But the obvious bullet point may have to be #0: "Plan to live on half your salary, and save/invest the rest". And as others on this board, including myself has advised, "live like a resident" [Edit: letsgobob...
by neurosphere
Sat Sep 27, 2014 9:28 am
 
Forum: Personal Finance (Not Investing)
Topic: Answer to Most Physician/High Income Job Questions:
Replies: 31
Views: 2448

Re: Going forward

He is a CFP and not just an advisor. Yet another example of how a CFP designation doesn't necessarily protect an investor all that much from questionable advice or unethical practices. My father's broker is a CFP who is employed by one of the largest brokerages/investment banks in the country. I re...
by neurosphere
Tue Sep 23, 2014 7:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Going forward
Replies: 7
Views: 853

Re: how to prevent medical expense catastrophe?

I imagine this behavior makes patients with some types of insurance more attractive to certain doctors. I know some medical groups which have long waiting lists will give priority appointments or otherwise overbook patients which have insurance which provides better reimbursements. I also know that...
by neurosphere
Tue Sep 23, 2014 1:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: how to prevent medical expense catastrophe?
Replies: 174
Views: 8049

Re: Southwest Airlines Engulfing, Reversal Candle Signals Do

What does that mean? If 20 percent of brokers start using astrology symbols to make transactions; buy Pharma drugs in Cancer, will they add a section on that in the exam too? :P I think it was John Bogle, or perhaps Milton Friedman, who said "When Mercury is in retrograde, sell! Otherwise, buy...
by neurosphere
Mon Sep 22, 2014 7:28 pm
 
Forum: Investing - Theory, News & General
Topic: Southwest Airlines Engulfing, Reversal Candle Signals Downsi
Replies: 55
Views: 3545

Re: Southwest Airlines Engulfing, Reversal Candle Signals Do

Speaking of technical analysis... When I took the series 65 test ( http://en.wikipedia.org/wiki/Uniform_Investment_Adviser_Law_Exam ), it treated technical analysis as a form of analysis which was as valid as other forms of analysis, such as fundamental analysis. It was clear that the "powers t...
by neurosphere
Mon Sep 22, 2014 6:39 pm
 
Forum: Investing - Theory, News & General
Topic: Southwest Airlines Engulfing, Reversal Candle Signals Downsi
Replies: 55
Views: 3545

Re: Please Help with 401K Investment Options

from your screen shot it looks like you are in the freedom funds. i would get out of these quickly. they are an unsavory package of actively managed funds that fidelity can't get anyone to invest in directly. Agreed, "free yourself" from the freedom funds! While I like Fidelity in general...
by neurosphere
Mon Sep 22, 2014 7:12 am
 
Forum: Investing - Help with Personal Investments
Topic: Please Help with 401K Investment Options
Replies: 5
Views: 407

Re: how to prevent medical expense catastrophe?

"One person's emergency is another person's routine care." I agree and I have no sympathy for those that get charged an arm and a leg for abusing the ER to get their kid's school physical completed. Ok, but that's not the emergency I'm talking about. I'm talking about the kind where someo...
by neurosphere
Sun Sep 21, 2014 6:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: how to prevent medical expense catastrophe?
Replies: 174
Views: 8049

Re: how to prevent medical expense catastrophe?

There is no way to make this work in our current system. And with HUNDREDS of insurance plans out there, how on earth do you expect a hospital to find a full menu of doctors that are in-network with all the exact same plans as the hospital? Let me flip the question around somewhat, and try to get s...
by neurosphere
Sun Sep 21, 2014 5:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: how to prevent medical expense catastrophe?
Replies: 174
Views: 8049

Re: Mechanics of paying a financial advisor?

*I think the reason this bothers me so much is that managing investments properly - which means a simple portfolio with very little turn-over - requires almost no effort. Agreed. It's fairly straightforward to set an initial asset allocation, determine a glide path if appropriate and then determine...
by neurosphere
Sun Sep 21, 2014 3:24 pm
 
Forum: Investing - Theory, News & General
Topic: Mechanics of paying a financial advisor?
Replies: 23
Views: 1386

Re: Break-even point for HSA account

I did a similar calculation for myself a couple years ago and came to the conclusion that the HSA was an all-but-guaranteed win even if I were to fall into unexpectedly poor health for several years: It's amazing how much variability there can be from employer to employer, with respect to the costs...
by neurosphere
Sun Sep 21, 2014 2:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Break-even point for HSA account
Replies: 8
Views: 868

Re: Break-even point for HSA account

What I like to do when thinking about HSA decisions is look at the two extremes. One the one end, you have a healthy person with no health care utilization. You can calculate the savings on premiums, the employer contribution, and estimate the tax deduction from making personal HSA contributions, an...
by neurosphere
Sun Sep 21, 2014 2:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Break-even point for HSA account
Replies: 8
Views: 868

Re: how to prevent medical expense catastrophe?

Since I live in NY (and therefore have a health insurer based in NY), it is comforting to know that there will be some protections in NY starting March 31, 2015. At the link above I found the following, which seems like a great idea (although I'm sure it's going to cause massive headaches): Moreove...
by neurosphere
Sun Sep 21, 2014 1:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: how to prevent medical expense catastrophe?
Replies: 174
Views: 8049

Re: What evidence would prove the Boglehead mentality wrong?

On a personal level, sound quantitative analysis can (and has and does) effectively outperform if tied to a mechanical system that excludes emotions, such as "hold for exactly one year (or x # of months) no matter what then sell (unless it still qualifies on that date)". I haven't read th...
by neurosphere
Sat Sep 20, 2014 3:12 pm
 
Forum: Investing - Theory, News & General
Topic: What evidence would prove the Boglehead mentality wrong?
Replies: 212
Views: 16069

Re: Starting 401(k)

I was confused by this after-tax vs Roth issue the first time I encountered it my wife's 401k long ago. As others have already explained, while a Roth contribution is a type of "after-tax" contribution, it's not the same as a non-Roth "after-tax" contribution which is available i...
by neurosphere
Sat Sep 20, 2014 1:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Starting 401(k)
Replies: 8
Views: 581

Re: Student Loan vs 401k dilemma

Welcome to Bogleheads! First off, I don't think there is any bad decision. But deciding on the BEST decision is not easy, because as usual when in it comes to investing, it involves making predictions about the future. In this case, in order to definitively answer the question, you'd need to know th...
by neurosphere
Sat Sep 20, 2014 12:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Student Loan vs 401k dilemma
Replies: 21
Views: 1529

Re: "Password Therapy"

Has anyone heard of this and use it? Basically, it's where one creates computer passwords that serve as prompts for self-improvement such lose10pounds, quitsmoking, getmoresleep, etc. I'm sure there is a free service somewhere which will email you any phrase you want as often as you want. Mine woul...
by neurosphere
Wed Sep 17, 2014 4:38 pm
 
Forum: Personal Consumer Issues
Topic: "Password Therapy"
Replies: 3
Views: 358

Re: Setting up money management practice as part time MD

Thank you for your input neurosphere! Sounds like I should stick with my day job :D. Was hoping that this type of business could be a nice transition away from medicine into something I may enjoy doing more. Seems like the boglehead philosophy does not translate into dollars for an advisor. Do not ...
by neurosphere
Tue Sep 16, 2014 10:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Setting up money management practice as part time MD
Replies: 11
Views: 1501

Re: Can estimated tax replace withholding?

There is a lot of good information about w-4 forms and withholding here: http://www.irs.gov/Individuals/Withholding-Compliance-Questions-&-Answers One thing to note is that it USED to be true (but no longer) that an employer had to notify the IRS if an employee claimed more than 10 allowances. W...
by neurosphere
Sat Sep 06, 2014 5:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can estimated tax replace withholding?
Replies: 11
Views: 688

Re: Can estimated tax replace withholding?

Folks, Is it permissible for someone to make estimated tax payments instead of having the employer withhold taxes? I believe the answer is no as IRS Pub 505 says You can claim only the number of allowances to which you are entitled. I used to do this often, where I would claim enough exemptions on ...
by neurosphere
Sat Sep 06, 2014 3:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can estimated tax replace withholding?
Replies: 11
Views: 688

Re: Rental Car Insurance

Credit card coverage is secondary coverage and you'd have to go through your own insurance first for anything if you waive the rental company's insurance. FYI, I received a notice not 10 minutes ago that my Chase Sapphire Preferred card was changing the terms of their car rental insurance from seco...
by neurosphere
Thu Sep 04, 2014 2:04 pm
 
Forum: Personal Consumer Issues
Topic: Rental Car Insurance
Replies: 18
Views: 1372

Re: Fee-Only Advisor Cost?

Your portfolio size would help determine whether a 3% SWR is doable . There are good threads on a variable 4% SWR. Nothing works in all situations/markets. Anyway, was just trying to help. The previous post also mentioned that it might take 5 opinions or 7 or 12. Here you get dozens. Trying to figu...
by neurosphere
Thu Aug 28, 2014 4:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Fee-Only Advisor Cost?
Replies: 26
Views: 1525

Re: Can someone make a living as a Boglehead financial advis

@neurosphere, whenever I see the phrase "piece of mind", I think of you. Maybe you can use that in your marketing somehow. "Get peace of mind from a piece of Neurosphere's mind." Ha, I'll have to see how I can work that in. :) Although, honestly, I have found some success with &...
by neurosphere
Wed Aug 27, 2014 4:06 pm
 
Forum: Investing - Theory, News & General
Topic: Can someone make a living as a Boglehead financial advisor?
Replies: 25
Views: 3900

Re: Can someone make a living as a Boglehead financial advis

On the other hand, a Boglehead investment advisor would appeal to a different type of individual: someone who believes costs are critical and someone who probably is knowledgeable enough to be a DIY investor in the first place using a handful of index funds and B&H. How could I make a living of...
by neurosphere
Wed Aug 27, 2014 3:18 pm
 
Forum: Investing - Theory, News & General
Topic: Can someone make a living as a Boglehead financial advisor?
Replies: 25
Views: 3900
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