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by papito23
Mon Apr 13, 2015 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Ethnobotany as career choice
Replies: 40
Views: 3363

Re: Ethnobotany as career choice

I would love to hear my daughter get excited about this someday. Sounds great! I'm in private industry (consulting) as an ecologist/botanist (note: I know little about the ethno- part). My biased two cents: *A multi-disciplinary focus will give him options pre-grad school. Almost certainly he should...
by papito23
Thu Mar 19, 2015 10:02 pm
Forum: Investing - Help with Personal Investments
Topic: Dip? What Dip? Did you catch it?
Replies: 134
Views: 13456

Re: Dip? What Dip? Did you catch it?

Snarky reply at Livesoft deleted. I sorted through his posts (if you can find them) and finally understood his RBD, which I thought he had never explained, but he did . It's simply a tiny loan from his bond allocation to stocks, to be repaid after stocks go up. It's nothing more than a little market...
by papito23
Sat Mar 07, 2015 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: quick tax software prep question
Replies: 1
Views: 180

quick tax software prep question

I had previously filed taxes online with both TurboTax and TaxAct. I'm moderately concerned about identity theft risk of continuing to do so, but possibly not so much that I want to print, paperclip, and stamp copies out to state/feds. I have added children to the mix, and am concerned about throwin...
by papito23
Mon Feb 02, 2015 12:11 am
Forum: Personal Consumer Issues
Topic: How much is a safe car worth?
Replies: 170
Views: 9690

Re: How much is a safe car worth?

We are low risk people, and the driving here is so flat and boring I suddenly have little interest in cars and can understand why more people here drive a big boat. With no curves and loads of potholes, I almost want a Lincoln towncar. I believe the recent report mentioned that, all things equal, p...
by papito23
Fri Jan 30, 2015 12:35 am
Forum: Personal Consumer Issues
Topic: Vehicles are (apparently) MUCH safer in last few years
Replies: 54
Views: 4628

Re: Vehicles are (apparently) MUCH safer in last few years

Assuming you're using IIHS data, I'm not at all confident that you can compare cars models from the 80s to modern cars fairly, because you may be picking up other effects (dramatically increased seatbelt usage, among other possibilities). The deficiencies have been noted here, but I don't see a bet...
by papito23
Fri Jan 30, 2015 12:08 am
Forum: Personal Consumer Issues
Topic: Vehicles are (apparently) MUCH safer in last few years
Replies: 54
Views: 4628

Re: Vehicles are (apparently) MUCH safer in last few years

I pulled some data by following the links previously posted, and sent to my family member who own(ed) several of the following cars. I thought it would be instructive for a Boglehead passing by... it is a mash-up of several reports across the years. Deaths / year per million registered vehicles: 198...
by papito23
Thu Jan 22, 2015 1:27 pm
Forum: Personal Consumer Issues
Topic: Keurig-cup coffee makers - why?
Replies: 139
Views: 13462

Re: Keurig-cup coffee makers - why?

I bought a new Keurig Elite 45 for $79.00 last month. When I use my own coffee in the Keurig cups, the cost is $.09 per cup. When I shop the internet deals for Keurig K-cups, it can find what I like for about $.50 per cup. No waste, no mess. Before, I was buying a pound of coffee a week for $8.99 a...
by papito23
Thu Jan 22, 2015 10:31 am
Forum: Personal Consumer Issues
Topic: Keurig-cup coffee makers - why?
Replies: 139
Views: 13462

Re: Keurig-cup coffee makers - why?

"Making a pot of coffee is a pain" WTF? (What The Frenchpress?) I fear for my country when I hear stuff like this. Keurig exists because rich people (us) need something to spend their money on. Once the essentials are affordable to almost everyone, and competition slices profit margins, ho...
by papito23
Wed Jan 21, 2015 10:04 pm
Forum: Investing - Help with Personal Investments
Topic: HSA... any receipt savers?
Replies: 203
Views: 10702

Re: HSA... any receipt savers?

It is tempting to keep the "already spent" funds for years and manage the receipts / files... in fact, I just set that up. But I'm thinking of clearing it all out this year. There are enough hassles in life. Since I have more tax-advantaged space than I can use, the HSA is not giving me an...
by papito23
Tue Jan 20, 2015 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: how to get a reference from a current employer?
Replies: 16
Views: 1309

Re: how to get a reference from a current employer?

Thanks all for taking the time to comment with your experiences. It is very helpful to me in navigating how to get established in my career. In regards to job tenure, I will admit I am probably too quick to look/jump. However, in recent memory our division was reduced by XX% (immediate terminations)...
by papito23
Sun Jan 18, 2015 11:45 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing for baby and one income
Replies: 41
Views: 2511

Re: Preparing for baby and one income

Congrats on the tax deduction! If your income is low enough, understand how both the Earned Income Tax Credit and the Saver's Credit work. A Trad-IRA here or there in just the right amount can yield wonders. I'm frugal, so I'll say this: Don't set foot into a baby store unless you haven't found a wa...
by papito23
Sun Jan 18, 2015 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: how to get a reference from a current employer?
Replies: 16
Views: 1309

Re: how to get a reference from a current employer?

I disagree... HR is NEVER on the employee's side.... Have you worked with someone in a more senior position outside of your direct boss? I have, including negotiating employment contracts with both recruits and renewing employees in several countries where such contracts are customary. HR, although...
by papito23
Sun Jan 18, 2015 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: What is the median retirement savings by age / age group?
Replies: 11
Views: 2242

Re: What is the median retirement savings by age / age group

@staythecourse: I just wanted to get an idea of where I fit in compared to other people. As you mentioned, it isn't helpful for figuring out what I save. However, it is nice to periodically check in to see how you compared to others for your age group. I'm interested too... even though it is largel...
by papito23
Sun Jan 18, 2015 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: how to get a reference from a current employer?
Replies: 16
Views: 1309

Re: how to get a reference from a current employer?

Current plan is to list more senior/experienced associates I have worked with and have a good opinion of me, but have not been my direct report per se.
by papito23
Sun Jan 18, 2015 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: how to get a reference from a current employer?
Replies: 16
Views: 1309

Re: how to get a reference from a current employer?

Federal jobs require several references and an insanely detailed resume. Overkill, but that's the game.

My first boss told me what he did before he left - he asked that his reference (non-profit board chair) not be contacted until the final round of interviews / decisions, if possible.
by papito23
Sun Jan 18, 2015 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: how to get a reference from a current employer?
Replies: 16
Views: 1309

how to get a reference from a current employer?

Classic catch-22? How have you handled such a situation throughout your career? Put out references from people who are at same-stage as you (co-workers)? How can you list a supervisor without planting an enormous seed of doubt and letting the cat out of the bag that's you're searching. I like my job...
by papito23
Sun Jan 18, 2015 4:07 pm
Forum: Investing - Theory, News & General
Topic: Why invest in International funds? It's a mystery
Replies: 121
Views: 11121

Re: Why invest in International funds? It's a mystery

The OP answers his or her own question. Before anything, investing is concerned for the future (after all, no one can invest in the past). Q: Why invest in international funds? A: [The future] is a mystery. OP saved us 100+ posts... not that we were paying attention. Minutiae to discuss and all... I...
by papito23
Wed Jan 14, 2015 2:38 pm
Forum: Investing - Theory, News & General
Topic: Oil / Energy ETFs
Replies: 58
Views: 4889

Re: Oil / Energy ETFs

Whoops... VDE nearly back to 0.00% by 2:33 pm... and now down 0.49% four minutes later. I think this is why I normally stay away from ETFs... who invented these things??!
by papito23
Wed Jan 14, 2015 2:18 pm
Forum: Investing - Theory, News & General
Topic: Oil / Energy ETFs
Replies: 58
Views: 4889

Re: Oil / Energy ETFs

Gosh, this is just getting more tempting by the day... I'm really just about to transfer over some fun money to the money market account... the light... it's so.... beautiful.... ..... come here my love... :shock:

Image
by papito23
Wed Jan 14, 2015 9:43 am
Forum: Investing - Help with Personal Investments
Topic: Help setting up college savings account
Replies: 37
Views: 2739

Re: Help setting up college savings account

Generally, a family should make maximum possible legal contributions to their retirement plans before contributing even one cent to a 529 plan. What do you generally recommend for Hoosiers? http://www.bogleheads.org/forum/viewtopic.php?f=1&t=154706 20% state tax credit, Vanguard funds. The allu...
by papito23
Wed Jan 14, 2015 8:23 am
Forum: Investing - Theory, News & General
Topic: Would you buy Total World index if it had Admiral Shares?
Replies: 68
Views: 9152

Re: Would you buy Total World index if it had Admiral Shares

(I'm stating this in gray, to symbolize a "gray area" and in hopes of not starting a round of a familiar and sterile debate here. As to global cap-weighting itself, for the record, my personal $0.02 is that the importance of international equities is wildly overstated, any "diversifi...
by papito23
Tue Jan 13, 2015 10:02 pm
Forum: Investing - Theory, News & General
Topic: Russia and energy in EM
Replies: 19
Views: 1741

Re: Russia and energy in EM

Re: nationalization. I was living in Bolivia when the gov't decided to nationalize several sectors/industries. The preferred method seemed to be arrive overnight and bring guns (but smile and speak nicely!). Sounds like one-sided negotiation to me. With only a single and highly motivated buyer, the ...
by papito23
Tue Jan 13, 2015 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: Dazed, Confused and Upset
Replies: 63
Views: 6492

Re: Dazed, Confused and Upset

This is what you call price opacity, and this practice of net transaction reporting is disingenuous at best, and purposefully deceitful at worst. Given how little the average consumer understands about what mutual funds even are or how they are valued, this kind of practice really rubs me the wrong...
by papito23
Tue Jan 13, 2015 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: Dazed, Confused and Upset
Replies: 63
Views: 6492

Re: Dazed, Confused and Upset

Man, sorry. 1% charge on the lowest of low-7-figures ($1,000,000) is $10,000/yr. I would be surprised if we don't look back on this model in 15 years and consider it criminal. Easy for me to say, but the past is a sunk cost. Done. It is only going to get better from here. In the marathon of investin...
by papito23
Mon Jan 12, 2015 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for low cost cell phone plans...
Replies: 47
Views: 4565

Re: Looking for low cost cell phone plans...

Left Net10 (horrid) for Ting and couldn't be a more night-and-day experience. Ting's customer service is stellar, bill is easy to understand, lots of web controls, alerts, turn features on/off, etc. [Referral comment removed by admin LadyGeek] Example: We were running up to the 1,000 minute mark wit...
by papito23
Fri Jan 09, 2015 5:43 am
Forum: Investing - Theory, News & General
Topic: I see rental properties as bonds. Am I completely off base?
Replies: 28
Views: 2520

Re: I see rental properties as bonds. Am I completely off b

I see my Total U.S. Stock holding as a bond. When I look at the asset, I see: 1) Stable cash flows, dividends in line with the value of the asset (except during bubbles, or other weird times) 2) Asset values that rise when interest rates decline, fall when they rise (except those times when they don...
by papito23
Thu Jan 08, 2015 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: 3-member LLC with a solo 401K?
Replies: 16
Views: 2026

Re: 3-member LLC with a solo 401K?

I use Fidelity so I can speak to my interpretation. I also have a LLC electing SCORP status with 2 other partners (50/25/25 stakes) You can do this so long as you meet the adoption agreements definition of ownership: IRS 401(a): (3) Owner-employee The term “owner-employee” means an employee who— (A...
by papito23
Thu Jan 08, 2015 6:36 pm
Forum: Investing - Help with Personal Investments
Topic: 2014 Trad v Roth allocation based on ACA-subsidy?
Replies: 0
Views: 254

2014 Trad v Roth allocation based on ACA-subsidy?

I'm seeing that the 2014 healthcare subsidy (ACA) has a phase out of about 15-20% for me (every $1 I earn means losing $0.15-0.20 in subsidy). Since we had the healthcare plan for 6 months of 2014, it's more like 7.5-10% on the year. It is my understanding that it is tax time at which one sits down ...
by papito23
Thu Jan 08, 2015 9:55 am
Forum: Investing - Help with Personal Investments
Topic: Oil Price Hedging - How does an individual do it?
Replies: 31
Views: 3443

Re: Oil Price Hedging - How does an individual do it?

^ Good points. I suppose we could argue that the small group of people who are either naturally (genetically) or behaviorally (unless that is genetic!) are less-inclined to choose short-term pleasure over long-term discipline will eventually become economically dominant in industrial/capital-istic s...
by papito23
Thu Jan 08, 2015 9:31 am
Forum: Investing - Help with Personal Investments
Topic: Is Roth 401k better even if future tax bracket is lower?
Replies: 35
Views: 3795

Re: Is Roth 401k better even if future tax bracket is lower?

I am bewildered that people use current tax rates to judge the comparative value of a traditional vs roth 401k, that might be 20-30 years in the future. This seems to be a common error. Don't know why that is done over and over. WE have no idea what taxes will be in 20-30 years. My advice - hedge y...
by papito23
Thu Jan 08, 2015 9:01 am
Forum: Investing - Theory, News & General
Topic: Why buy total international and not each country?
Replies: 21
Views: 2379

Re: Why buy total international and not each country?

Why not split total international into it's 5,785 individual stocks? This is the TLH possibilities! Why? I have a day job. That, and the temptation to deviate from the program at the wrong time will be too great for the majority of people. Emerging markets, anyone? This and many other "Why not'...
by papito23
Thu Jan 08, 2015 8:23 am
Forum: Investing - Help with Personal Investments
Topic: Oil Price Hedging - How does an individual do it?
Replies: 31
Views: 3443

Re: Oil Price Hedging - How does an individual do it?

I'm shopping for a deal on a Prius. That is, I'm locking in 5-10 years of transport at low operating cost/mile, but hoping that the normally higher capital-associated portion of the equation (hybrid car) is undervalued. People as a whole are now actually signing up for 5-10 years of higher transport...
by papito23
Tue Jan 06, 2015 11:46 pm
Forum: Personal Finance (Not Investing)
Topic: 3-member LLC with a solo 401K?
Replies: 16
Views: 2026

Re: 3-member LLC with a solo 401K?

Papito23, it sounds like the partnership is righfully the sponsor for 2015, in view of your description of things. It does not sound like the disregarded entity/every proprietor for himself plan design is usable here. Everything seems to be formally set up under the partnership umbrella. For 2014, ...
by papito23
Tue Jan 06, 2015 11:42 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 1279
Views: 249617

Re: U.S. stocks in freefall

When I go to Google finance , click the "S&P 500" link, and select any time period of 3 months or greater (6 months... 1 year... 5 year...), all I see are percentages in green . That is to say, everyone who bought any amount of the broad U.S. stock market before Halloween 2014 has made...
by papito23
Mon Jan 05, 2015 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: 3-member LLC with a solo 401K?
Replies: 16
Views: 2026

Re: 3-member LLC with a solo 401K?

My LLC has 2 members (not spouses). Fidelity told me that we could do a solo 401k. Don't know why they told you the opposite. My company is an S Corp, perhaps that makes a difference. Hayden, It's because: *I may not have explained my situation clearly, even thought I though I had, and/or *there is...
by papito23
Sun Jan 04, 2015 7:46 pm
Forum: Investing - Help with Personal Investments
Topic: Indiana 529... heads I win, tails I waste some time?
Replies: 1
Views: 558

Re: Indiana 529... heads I win, tails I waste some time?

Related question: Money laundering is wrong/illegal: passing money through an entity to gain a preferred tax or other advantage. However, money is also fungible. Has anyone ever heard of grandparents giving gifts to parents (keeping it under the gift tax level of $13,000 maybe?) so that the parents ...
by papito23
Sun Jan 04, 2015 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: 3-member LLC with a solo 401K?
Replies: 16
Views: 2026

Re: 3-member LLC with a solo 401K?

If this multi-member LLC is a disregarded entity, then it is by definition a partnership. Each partner in a partnership where the only employees are partners and their spouses may each have a separate Solo 401k. Each separate Solo 401k covers one partner and optionally their spouse (if they worked ...
by papito23
Sun Jan 04, 2015 2:58 pm
Forum: Investing - Help with Personal Investments
Topic: Indiana 529... heads I win, tails I waste some time?
Replies: 1
Views: 558

Indiana 529... heads I win, tails I waste some time?

I know 529's have been discussed ad nauseum. Would be curious of any early-adaptors' real-life experience and/or that of Hoosiers. Also, please lend use of crystal ball if working. I am considering setting up a plan (albeit 5 days late, so for 2015). Indiana offers a 20% credit on the first $5K of c...
by papito23
Sat Jan 03, 2015 11:50 pm
Forum: Personal Finance (Not Investing)
Topic: 3-member LLC with a solo 401K?
Replies: 16
Views: 2026

Re: 3-member LLC with a solo 401K?

Thanks BoulderBoy. Please see edit above.
by papito23
Sat Jan 03, 2015 11:33 pm
Forum: Personal Finance (Not Investing)
Topic: 3-member LLC with a solo 401K?
Replies: 16
Views: 2026

3-member LLC with a solo 401K?

Anyone know if I can I have a solo 401k for myself within a 3-member (owner) LLC consisting of myself, spouse, and non-related partner? (That is, we have no employees). The LLC is taxed as a partnership for federal purposes. My own research here and elsewhere has been somewhat inconclusive. Called F...
by papito23
Sun Dec 21, 2014 1:44 pm
Forum: Personal Consumer Issues
Topic: How do you define "being rich"?
Replies: 127
Views: 9823

Re: How do you define "being rich"?

Being "rich" to me is the ability to meaningfully change the fortune of someone else without meaningfully changing your own. By that standard I am very rich compared to those in the greatest poverty in the poorest places, but not rich enough to significantly help some family I wish I coul...
by papito23
Sat Dec 20, 2014 8:40 pm
Forum: Personal Consumer Issues
Topic: How do you define "being rich"?
Replies: 127
Views: 9823

Re: How do you define "being rich"?

I was somehow freer and more generous when I had more, early twenties, net worth of low 5 digits. I took more cavalier move career wise, money be darned. Now with 1.5 kids, even after a string of good fortune and hard work, I'm more cautious. One definition of being rich may be philosophical... if o...
by papito23
Sat Dec 20, 2014 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Federal Taxes - Sticker Shock (And how to reduce)
Replies: 58
Views: 5642

Re: Federal Taxes - Sticker Shock (And how to reduce)

$17,000/$150,000 = 11.3% effective rate. You consider this high? You are going to be very disappointed if you get a raise. +1 Consider the taxes your annual membership fee for living in the wealthiest club of human history. I have some friends in a majority world country that pay almost 0% effectiv...
by papito23
Sat Dec 20, 2014 2:31 pm
Forum: Personal Consumer Issues
Topic: Don't be tempted to buy your teen a cheap (old) car, parents
Replies: 139
Views: 12371

Re: Don't be tempted to buy your teen a cheap (old) car, par

Thanks for posting. Without having read the article, I wouldn't be surprised if it did not incorporate all of the other variables at play. This is making me think hard about an ESC upgrade for our fleet (baby #2 is due today, and waiting). Driver behavior and # of miles driven are still the source o...
by papito23
Sat Dec 20, 2014 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Happy with Barclays savings account?
Replies: 24
Views: 11553

Re: Happy with Barclays savings account?

OP is considering a move that will net approximately $15 / year per $10,000 deposited, before taxes. For my part, I rode the wave from ING to Capital One 360. I have never spoke with or seen a human from CO360, but use it weekly. Rates are competitive, but the online interface is stupendous, simple,...
by papito23
Sat Dec 13, 2014 7:14 pm
Forum: Investing - Theory, News & General
Topic: Mebane Faber: 78% of the time you are in a drawdown
Replies: 18
Views: 2041

Re: Mebane Faber: 78% of the time you are in a drawdown

Skimmed the article, still confused. What time period are they talking about? 78% of all days you are in the stock market? 78% of all years? decades? An ETF portfolio is only ever at all-time highs for fractions of a second... does this mean the rest of the time is a drawdown? The same portfolio vie...
by papito23
Sun Oct 19, 2014 8:35 pm
Forum: Investing - Help with Personal Investments
Topic: Diy managed payout fund?
Replies: 6
Views: 480

Re: Diy managed payout fund?

Have you or her considered an annuity (SPIA), at least for part of it? A quick Google search suggests that $100K could yield north of $800-900/month in guaranteed income.

Note: I'm not any sort of advisor, nor do I know much beyond the basics of annuities.
by papito23
Sun Oct 19, 2014 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: return of capital vs. labor in private biz w/ friend, spouse
Replies: 0
Views: 166

return of capital vs. labor in private biz w/ friend, spouse

Thanks all for stopping by. Would appreciate insights from anyone's previous business experience. I have a business I co-own with my spouse; a mutual and longtime friend is an unofficial partner. We are all about 30 y/o. We are struggling with how to organize the business and share profits with our ...
by papito23
Sat Sep 06, 2014 9:48 pm
Forum: Investing - Theory, News & General
Topic: Opinions on Social Index Fund (VFTSX)?
Replies: 19
Views: 1706

Re: Opinions on Social Index Fund (VFTSX)?

OP, I had VFTSX for awhile until I was finally convinced SRI in the form of exclusionary mutual funds was an expensive and ineffective way to achieve the social impact I desired for my life. For the record, I perceive myself as having a very strong conscious (still a recovering idealist/perfectionis...
by papito23
Sat Sep 06, 2014 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Six-Figure Incomes—and Facing Financial Ruin [WSJ article]
Replies: 59
Views: 10019

Re: Six-Figure Incomes—and Facing Financial Ruin [WSJ articl

I live in California, Bay Area. Here is a break down of my expense (I religiously track it on mint.com) on a monthly basis Mortgage, HOA $4,500 Day Care $1,600 Food and Dining $1,500 I pay $12,000 in property tax, an average of $1,000 a month and about an additional $2,600 for other items, i.e. sho...

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