Search found 732 matches

by Afty
Sat Jun 23, 2018 5:36 pm
Forum: Personal Consumer Issues
Topic: When did you start flying business class?
Replies: 46
Views: 2361

Re: When did you start flying business class?

We flew to Thailand last year and had a similar decision to make. We just couldn't justify flying business class. The amount it would have cost for all of us would pay for a pretty decent new car!
by Afty
Thu Jun 21, 2018 8:45 am
Forum: Investing - Help with Personal Investments
Topic: "Never time the market" vs. lump sum investment
Replies: 51
Views: 2582

Re: "Never time the market" vs. lump sum investment

The market may never be lower than it is now, or not lower enough to trigger you to buy, or it might be too long for you to wait and you'll end up buying in at high prices. People have been waiting for a crash for years now, but it still hasn't happened.
by Afty
Wed Jun 20, 2018 10:53 am
Forum: Personal Consumer Issues
Topic: How to evaluate charities to donate to?
Replies: 36
Views: 1159

Re: How to evaluate charities to donate to?

+1 on Givewell.org. I really like their idea of effective altruism.
by Afty
Wed Jun 20, 2018 9:23 am
Forum: Investing - Theory, News & General
Topic: Which boglehead rule do you break--and are ok with
Replies: 152
Views: 11178

Re: Which boglehead rule do you break--and are ok with

I have a financial advisor. But at least he's through Vanguard PAS.
by Afty
Thu Jun 14, 2018 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: Career advice (take the promotion or not)
Replies: 29
Views: 3537

Re: Career advice (take the promotion or not)

This “lead engineer” role sounds like what we call a “ tech lead ” in software development. Typically this role is a stepping stone to a larger role, either in management or as a tech lead for a larger team or multiple teams. Typically you’d drop some of your day-to-day work to allow you to take on ...
by Afty
Tue Jun 12, 2018 9:47 pm
Forum: Investing - Help with Personal Investments
Topic: [Looking for ways to reduce taxes and keep more of my income]
Replies: 91
Views: 8646

Re: Getting killed on taxes - any ideas?

One possibility that no one else has mentioned is a Nonqualified Deferred Compensation plan. Some companies offer this option where you defer some of your salary/bonus to a future year. If you will have a lower tax rate in a future year (e.g. if you are retiring soon), then this could save you money...
by Afty
Sun Jun 10, 2018 8:54 am
Forum: Investing - Help with Personal Investments
Topic: Windfall advice for an overwhelmed person
Replies: 76
Views: 6025

Re: Is Bogleheads not right for me? Trying to generate monthly income before retirement

Here is a classic Bogleheads thread about using leverage. The OP attempts to apply a strategy from a Nobel Laureate and ends up totally wiped out. Let it serve as a cautionary tale.

viewtopic.php?t=5934
by Afty
Fri Jun 08, 2018 11:29 am
Forum: Personal Consumer Issues
Topic: Anyone taken a mid-career sabbatical?
Replies: 51
Views: 8516

Re: Anyone taken a mid-career sabbatical?

I posted earlier in this thread that I was considering taking a 2 month leave this summer to travel with my kids. Well, today is my last day of work until August. I scaled back our travel plans to stay inside the U.S., and I added a trip with just me and my 8 year old as avalpert suggested. My kids ...
by Afty
Fri Jun 08, 2018 1:33 am
Forum: Personal Finance (Not Investing)
Topic: Stuck in Quicksand (Guidance Appreciated)
Replies: 46
Views: 3358

Re: Stuck in Quicksand (Guidance Appreciated)

I’m curious about OP's interest in an MBA but disinterest in management. Isn’t management the end goal for people with MBAs?
by Afty
Wed Jun 06, 2018 11:10 pm
Forum: Personal Finance (Not Investing)
Topic: Can a Retired 60 yo MD, MBA Start a Law Career?
Replies: 273
Views: 12469

Re: Can a Retired 60 yo MD, MBA Start a Law Career?

As I've said multiple times, he can go to law school and spend the rest of his life publishing law review articles. Do you really think this is plausible? I'm just curious. One would be hard pressed to do this in other academic areas unless you wanted to fund your own research. I get that law revie...
by Afty
Wed Jun 06, 2018 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Super funding 529
Replies: 13
Views: 1146

Re: Super funding 529

Another place where this can bite you is if your child receives a scholarship and doesn't need the 529 funds. You are allowed to withdraw the scholarship amount from the 529 without penalty, but you pay income tax on the gains. If the gain is large (as you'd hope from superfunding) and your tax brac...
by Afty
Tue Jun 05, 2018 3:51 pm
Forum: Personal Consumer Issues
Topic: Should I replace my water heater?
Replies: 30
Views: 1353

Re: Should I replace my water heater?

You could consider a home warranty. I suspect this would be covered BUT they might put a 'lifetime cap' or similar language on it. Mine covered my water softener once, but i don't think it would cover a new one should that occur. My home warranty company refused to replace my water heater that wasn...
by Afty
Mon Jun 04, 2018 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Can a Retired 60 yo MD, MBA Start a Law Career?
Replies: 273
Views: 12469

Re: Can a Retired 60 yo MD, MBA Start a Law Career?

Have you considered doing some kind of PhD instead? Since they are usually funded (free tuition + $25kish stipend), it won't cost you $200k like a law degree would, and you'd still have a path to becoming a professor at the end. You mentioned that you like work that "doesn't wake [you] up in the mid...
by Afty
Sun Jun 03, 2018 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Have $2.5M at 30, career advice needed
Replies: 49
Views: 5243

Re: Have $2.5M at 30, career advice needed

I wonder whether OP's mortgage was originally for much more, and they paid off most of it using the inheritance, or if they received the inheritance first and used it for a downpayment. If it's the former, they may be feeling squeezed by large mortgage payments that will disappear pretty soon. They ...
by Afty
Sun Jun 03, 2018 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Can a physician work in tech while practicing as well?
Replies: 57
Views: 3780

Re: Can a physician work in tech while practicing as well?

I work in this field and people with clinical experience are immensely important for developing these systems correctly. Your medical expertise will be highly valuable to tech/medical/pharma companies. But businesses are run using teams so your role in tech would most likely be "clinical/medical ad...
by Afty
Fri Jun 01, 2018 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Job Offer Negotiation: With HR or Hiring Manger (i.e. your future boss?)
Replies: 11
Views: 1010

Re: Job Offer Negotiation: With HR or Hiring Manger (i.e. your future boss?)

I currently work in HR for a megacorp and have worked for other megacops as well in HR. The process has always been that an HR or Compensation person comes up with a salary amount and then has to get it approved by the hiring manager and typically that managers boss as well. If the hiring manager t...
by Afty
Wed May 30, 2018 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Beachbody Coach (multi level marketing)
Replies: 27
Views: 2833

Re: Beachbody Coach (multi level marketing)

RDB wrote:
Wed May 30, 2018 1:28 pm
She used to be one of my wife’s best friends.
I ask because people involved in MLM have an incentive to exaggerate their earnings to draw in new people. I would be skeptical of anything they told me about their income.
by Afty
Wed May 30, 2018 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Beachbody Coach (multi level marketing)
Replies: 27
Views: 2833

Re: Beachbody Coach (multi level marketing)

RDB wrote:
Wed May 30, 2018 12:05 pm
I do know someone who makes ~400k per year as a beach body coach.
How do you know they make $400k as a BeachBody coach?
by Afty
Tue May 29, 2018 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Do you have a monthly household budget?
Replies: 63
Views: 3934

Re: Do you have a monthly household budget?

Never used a formal budget. But I'm an oddball in the boglehead group because I have never subscribed to the "pay yourself first" theory. I have always lived the life I wanted to live, and if I have extra at the end of the month then I save it. I also use this system -- we spend whatever we are goi...
by Afty
Sun May 27, 2018 10:57 am
Forum: Personal Consumer Issues
Topic: Considering iPad to replace failing Nexus tablet
Replies: 44
Views: 2551

Re: Considering iPad to replace failing Nexus tablet

I use an iPad and an Android phone. No issues. There are iPad versions of all the apps you mentioned.

Honestly the iPad is a much better device than any of the Nexus tablets. Multitasking in particular is much better on the iPad. You can run apps side by side, drag and drop, etc.
by Afty
Fri May 25, 2018 4:38 pm
Forum: Investing - Help with Personal Investments
Topic: Other Tax deferred options?
Replies: 6
Views: 541

Re: Other Tax deferred options?

My understanding of deferred compensation plans is that they only make sense if you plan to retire soon, or have some low-income years coming up. Is that correct?
by Afty
Fri May 25, 2018 11:38 am
Forum: Investing - Help with Personal Investments
Topic: Other Tax deferred options?
Replies: 6
Views: 541

Re: Other Tax deferred options?

You could contribute to an HSA, if you aren't currently.
by Afty
Fri May 25, 2018 11:22 am
Forum: Investing - Theory, News & General
Topic: Folks, I'm calling the Tops for Bay area RE market
Replies: 46
Views: 2698

Re: Folks, I'm calling the Tops for Bay area RE market

Bookmarking this thread for "U.S. stocks in freefall" potential. :evil:
by Afty
Fri May 25, 2018 11:10 am
Forum: Investing - Theory, News & General
Topic: Renting vs Owning Your Home
Replies: 166
Views: 13364

Re: Renting vs Owning Your Home

Do a ton of people really rent horrible little apartments/homes that they don't really want to live in? That seems very counter-intuitive. We did, for many years. "Horrible" is an overstatement though, more like the houses we rented were not ones we would buy. The first one was poorly built but in ...
by Afty
Wed May 23, 2018 7:26 pm
Forum: Personal Consumer Issues
Topic: How have you upgraded your wardrobe?
Replies: 104
Views: 6039

Re: How have you upgraded your wardrobe?

Where are all these jobs that let you wear jeans? :confused I would love to wear my Wal-Mart Wranglers all day everyday. (I even sleep in them occasionally.) Apparently I missed the Life mini-lotto... Software development. All this talk of suits and "wear what your boss's boss wears" makes me laugh...
by Afty
Wed May 23, 2018 1:19 pm
Forum: Personal Consumer Issues
Topic: How have you upgraded your wardrobe?
Replies: 104
Views: 6039

Re: How have you upgraded your wardrobe?

Where are all these jobs that let you wear jeans? :confused I would love to wear my Wal-Mart Wranglers all day everyday. (I even sleep in them occasionally.) Apparently I missed the Life mini-lotto... Software development. All this talk of suits and "wear what your boss's boss wears" makes me laugh...
by Afty
Mon May 21, 2018 1:06 am
Forum: Personal Consumer Issues
Topic: Re: done with Gmail
Replies: 114
Views: 12224

Re: done with Gmail

If you want to be ultra-safe with Keepass, you can always cut and paste the old password into the Notes area before generating a new password, and then save Keepass with both passwords before changing the password on whatever site you are using (e.g. Gmail). I don't do that for every site but I hav...
by Afty
Sat May 19, 2018 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: New(ish) attending physicians in the Bay Area: Housing
Replies: 150
Views: 12427

Re: New(ish) attending physicians in the Bay Area: Housing

Mostly true! You will pay taxes on the prevailing interest rate. Assume that you take 100k loan and prevailing rate is 2%, 2k will be added to your W-2. How do we know, we have a similar loan (it is forgiven after n years) and we are paying taxes on the interest. No free lunches :( Yup, same here. ...
by Afty
Fri May 18, 2018 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Surgeon salary vs owning a business salary/profit?
Replies: 47
Views: 4247

Re: Surgeon salary vs owning a business salary/profit?

Which one is higher on average? Surgeon salary vs owning a business salary/profit? I am wondering if a surgeon salary + benefits almost always comes out ahead of starting your own business. I am ~25y/o and am pursuing the medical school/surgeon track but am just wondering who produces more money an...
by Afty
Fri May 18, 2018 11:04 am
Forum: Personal Finance (Not Investing)
Topic: New(ish) attending physicians in the Bay Area: Housing
Replies: 150
Views: 12427

Re: New(ish) attending physicians in the Bay Area: Housing

So to clarify, you would owe no payments until year 10 for the 175k loan and no payments for 30 years for the $450k loan? Correct :greedy :sharebeer :sharebeer :greedy Mostly true! You will pay taxes on the prevailing interest rate. Assume that you take 100k loan and prevailing rate is 2%, 2k will ...
by Afty
Wed May 16, 2018 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Would you send your children to private school in my situation?
Replies: 93
Views: 6394

Re: Would you send your children to private school in my situation?

I would look at what colleges the top students from the associated high schools attend, and decide based on that. If they are not sending any kids to "elite" colleges, that will make it harder for your kids (assuming that's a realistic goal for them). Not impossible, but harder.
by Afty
Wed May 16, 2018 11:57 am
Forum: Personal Finance (Not Investing)
Topic: somebody is using our address
Replies: 45
Views: 4751

Re: somebody is using our address

I wonder if he actually lives far away and is using your address to establish residency? e.g. to register his kids for school, qualify for some resident discount, etc.
by Afty
Wed May 16, 2018 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Would you send your children to private school in my situation?
Replies: 93
Views: 6394

Re: Would you send your children to private school in my situation?

> my wife and I make over 900K per year So you can do whatever you want. High earners are often very ambitious for kids, want them to get into Harvard or wherever, and will do anything that might get them a leg up. The downside, I suppose, is that kids might grow up feeling superior, or might turn ...
by Afty
Tue May 15, 2018 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: New(ish) attending physicians in the Bay Area: Housing
Replies: 150
Views: 12427

Re: New(ish) attending physicians in the Bay Area: Housing

It seems to me this is also setting up your kids for hard choices later. They can stay in an extremely high HCOL where they grew up with family and friends or move to a lower COL. I’ve noticed that young adults in high HCOLs seem to put off marriage and having kids until later given student loan de...
by Afty
Sun May 13, 2018 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: New(ish) attending physicians in the Bay Area: Housing
Replies: 150
Views: 12427

Re: New(ish) attending physicians in the Bay Area: Housing

If you are committed to staying here long term, I would not rent and "wait for the crash." I don't think the strategy of waiting for a crash is any more applicable to housing than it is to the stock market, for the same reasons -- what if the crash never comes? And how will you know when the crash i...
by Afty
Sat May 12, 2018 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: New(ish) attending physicians in the Bay Area: Housing
Replies: 150
Views: 12427

Re: New(ish) attending physicians in the Bay Area: Housing

Don’t take this the wrong way, but if neither of you are in tech, I would strongly consider moving somewhere else. You should be able to earn comparable money in areas with much lower cost of living, where you could actually afford a house, a really nice one. I’m a software engineer married to an at...
by Afty
Sat May 12, 2018 11:16 am
Forum: Investing - Help with Personal Investments
Topic: Do you lose state taxes
Replies: 8
Views: 1768

Re: Do you loose state taxes

I'm sorry, I wasn't aware that Treasuries were not subject to state income tax, but that does seem to be the case. Vanguard provides this document showing how much of the income from various bond funds come from "U.S. government obligations": https://personal.vanguard.com/pdf/USGO_012016.pdf I think...
by Afty
Thu May 10, 2018 11:50 am
Forum: Investing - Help with Personal Investments
Topic: Do you lose state taxes
Replies: 8
Views: 1768

Re: Do you loose state taxes

Is this the fund you're referring to? https://personal.vanguard.com/us/funds/snapshot?FundIntExt=INT&FundId=0035&funds_disable_redirect=true I don't think this fund is exempt from CA state income tax. This one is exempt from CA state tax: https://personal.vanguard.com/us/funds/snapshot?FundId=0100&F...
by Afty
Tue May 08, 2018 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Is it time for me to change jobs or should I stay put?
Replies: 70
Views: 6660

Re: Is it time for me to change jobs or should I stay put?

For context, I am a first line manager at a tech megacorp. I am in a role we call "Tech Lead/Manager" where I am both the technical lead and the manager of a small team. I have found myself near the bottom of the totem pole in the department despite my years of experience (and being told by many man...
by Afty
Mon May 07, 2018 3:15 pm
Forum: Personal Consumer Issues
Topic: Home Theater Stereo/Speakers
Replies: 72
Views: 5244

Re: Home Theater Stereo/Speakers

I love my 5.1 system, but my wife doesn't really care. I think she would be happy with the built-in TV speakers. She's just not picky about sound quality.

I wonder if there is some other thread on Bogleheads where she is complaining about my profligate spending on a silly sound system. :D
by Afty
Sun May 06, 2018 12:19 am
Forum: Personal Consumer Issues
Topic: AMC Movie Theaters -- typical OR not?
Replies: 61
Views: 4601

Re: AMC Movie Theaters -- typical OR not?

Our local Cinemark theater has also switched to the motorized recliners and assigned seating. They are fantastic.
by Afty
Fri May 04, 2018 11:31 am
Forum: Investing - Help with Personal Investments
Topic: Invest lumpsum, "cost averaging" or "wait for the crash"
Replies: 56
Views: 3805

Re: Invest lumpsum, "cost averaging" or "wait for the crash"

If you lump sum and the market drops 10%, you've lost 10%. If you've been invested for decades and the market drops 10%, you've lost 10%. The loss is the same. The second doesn't FEEL as bad, but it is. Its not the same loss. If you were invested for decades your average price could be lower than t...
by Afty
Fri May 04, 2018 11:24 am
Forum: Personal Consumer Issues
Topic: Home Theater Stereo/Speakers
Replies: 72
Views: 5244

Re: Home Theater Stereo/Speakers

If your system is difficult to use then its not setup right. The only extra button I have to push is to turn the receiver on and now just control the volume on the receiver remote. I could probably program the receiver remote to turn the TV on but haven't gotten around to it. If your TV and receive...
by Afty
Thu May 03, 2018 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Buying a house and High tax state.. Does it make sense anymore??
Replies: 28
Views: 2248

Re: Buying a house and High tax blue state.. Does it make sense anymore??

OP is renting a house at well under market rate. The best strategy for him is probably to continue renting. If he saves/invests the difference between his rent and what his PITI would be if he bought a similar house, he'll be well prepared to buy if his landlord decides to alter the deal down the ro...
by Afty
Tue May 01, 2018 12:24 am
Forum: Personal Consumer Issues
Topic: Bicycle Questions
Replies: 44
Views: 2447

Re: Bicycle Questions

But more important, especially for someone not used to riding, is learning how to safely ride a bike in more densely populated areas. This site is a pretty good starting point: https://lifehacker.com/the-practical-guide-to-biking-in-the-city-1748424313 Most importantly: don't ride on sidewalks -- e...
by Afty
Mon Apr 30, 2018 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: How would you handle a request for money from a niece?
Replies: 89
Views: 7027

Re: How would you handle a request for money from a niece?

I find it odd that a 42 year old woman would ask her grandmother for $100. What middle-aged adult would even think to do that? If it were a question of the grandma wanting to gift the $100 unprompted, then it’s a different discussion.
by Afty
Mon Apr 30, 2018 11:23 am
Forum: Personal Consumer Issues
Topic: Home Theater Stereo/Speakers
Replies: 72
Views: 5244

Re: Home Theater Stereo/Speakers

If your system is difficult to use then its not setup right. The only extra button I have to push is to turn the receiver on and now just control the volume on the receiver remote. I could probably program the receiver remote to turn the TV on but haven't gotten around to it. If your TV and receive...
by Afty
Sat Apr 28, 2018 3:16 pm
Forum: Personal Consumer Issues
Topic: Home Theater Stereo/Speakers
Replies: 72
Views: 5244

Re: Home Theater Stereo/Speakers

Sony does not have a good reputation for speakers. For speakers, go with a company that only makes speakers (i.e., avoid those that also make tvs or receivers), with the notable exception of Pioneer Andrew Jones series. +1 on the Pioneer Andrew Jones speakers. I have a 5.1 set and they are amazing,...