Search found 3867 matches

by DaftInvestor
Wed May 23, 2018 5:49 am
Forum: Investing - Theory, News & General
Topic: What are downsides of ESPP @ 15% discount ?
Replies: 41
Views: 2655

Re: What are downsides of ESPP @ 15% discount ?

3. The GAIN of the stock is long-term or short-term if HELD over more than a year, and is above the basis, regardless of qualifying or disqualifying distributions. In order for it to be a long-term GAIN it must be HELD over more than a year from PURCHASE and also be held for more than 2 years from ...
by DaftInvestor
Tue May 22, 2018 3:31 pm
Forum: Investing - Theory, News & General
Topic: What are downsides of ESPP @ 15% discount ?
Replies: 41
Views: 2655

Re: What are downsides of ESPP @ 15% discount ?

3. The GAIN of the stock is long-term or short-term if HELD over more than a year, and is above the basis, regardless of qualifying or disqualifying distributions. In order for it to be a long-term GAIN it must be HELD over more than a year from PURCHASE and also be held for more than 2 years from ...
by DaftInvestor
Tue May 22, 2018 2:25 pm
Forum: Investing - Theory, News & General
Topic: What are downsides of ESPP @ 15% discount ?
Replies: 41
Views: 2655

Re: What are downsides of ESPP @ 15% discount ?

Do you all have a max, that the 15% can be applied to? I do, and it is not very much, which would pretty much negate any value to doing this. Thanks. I currently don't work for a company with a plan but in the past I did. My max at my last company used the IRS Max Yearly limit of $25,000 but person...
by DaftInvestor
Tue May 22, 2018 12:57 pm
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 262
Views: 47170

Re: "Why 97% of People Don't Use 529 College Savings Plans."

Realistically though just how many people make enough to fund one? I just see very very little use in doing one. You are talking about needing a minimum saving amount of 48,000 before it makes sense to save in one. On top of that many people who are able to save 48,000 per year may have after tax 4...
by DaftInvestor
Tue May 22, 2018 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey it or keep low interest debt
Replies: 132
Views: 7997

Re: Dave Ramsey it or keep low interest debt

I'd keep the car loans and pay off the mortgage (without interrupting you tax-advantaged savings). I'm surprised by how many are saying the opposite. I've gone in to buy a car with cash - after final negotiating if they offer me a 0% loan on top of everything - I take it (and I don't pay it back ear...
by DaftInvestor
Tue May 22, 2018 10:50 am
Forum: Investing - Theory, News & General
Topic: What are downsides of ESPP @ 15% discount ?
Replies: 41
Views: 2655

Re: What are downsides of ESPP @ 15% discount ?

If you are in a high tax bracket (say, 32% or higher), it may be worth looking at extending the rotation period to 1 year in order to sell at long term capital gains (LTCG) rate. No, not really. The 15% discount (or whatever discount you get) at vesting is always taxed as ordinary income. Only the ...
by DaftInvestor
Tue May 22, 2018 5:30 am
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 262
Views: 47170

Re: "Why 97% of People Don't Use 529 College Savings Plans."

I will never use a 529 plan because of simplicity. Imagine I have two kids so I have two 529 plans, a 401K (at least 1), a ROTH, HSA, taxable (maybe more than 1), etc. Too much for me. I like simplicity . I like to have as few accounts as possible. It keeps my money more focused. Hurray for simplic...
by DaftInvestor
Tue May 22, 2018 5:23 am
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 262
Views: 47170

Re: "Why 97% of People Don't Use 529 College Savings Plans."

C'mon now. Think most of the discussion is about prioritizing which tax efficient vehicles. And most likely applicable for new 12-22% tax brackets. If you are in 32% marginal, and have maxed most of savings vehicles, the have additional monies to save, got kids (or plans), 529 seems no brainer - es...
by DaftInvestor
Mon May 21, 2018 9:18 pm
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 262
Views: 47170

Re: "Why 97% of People Don't Use 529 College Savings Plans."

I will never use a 529 plan because of simplicity. Imagine I have two kids so I have two 529 plans, a 401K (at least 1), a ROTH, HSA, taxable (maybe more than 1), etc. Too much for me. I like simplicity . I like to have as few accounts as possible. It keeps my money more focused. Hurray for simplic...
by DaftInvestor
Mon May 21, 2018 8:08 pm
Forum: Investing - Theory, News & General
Topic: What are downsides of ESPP @ 15% discount ?
Replies: 41
Views: 2655

Re: What are downsides of ESPP @ 15% discount ?

Let's assume the employee is allowed to buy ESPP with 10% of their salary and they're making $80k/yr. They are buying at 15% off of the lower price for the stock 6 months ago or today. So they are getting a min of 15% off, and presumably about half the time, more than that 15% off. In this scenario...
by DaftInvestor
Mon May 21, 2018 7:47 pm
Forum: Investing - Theory, News & General
Topic: What are downsides of ESPP @ 15% discount ?
Replies: 41
Views: 2655

Re: What are downsides of ESPP @ 15% discount ?

I have a lot of friends that were at Lehman when it went under - many were taking advantage of stock plans, many were granted options as compensation. All of them were out of a job at the worst possible time, when the entire industry was down it was very hard for many of them to find new roles. Som...
by DaftInvestor
Mon May 21, 2018 7:28 pm
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 262
Views: 47170

Re: "Why 97% of People Don't Use 529 College Savings Plans."

i don't understand why 529 threads always end up being so long. if you can max out your 401k, that alone puts you in the top 90th percentile of americans. add in maxing the IRA, probably bumps your into 95th percentile. add in maxing a HSA (stealth IRA) and yep, you're 97th percentile now. so if yo...
by DaftInvestor
Mon May 21, 2018 5:06 pm
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 262
Views: 47170

Re: "Why 97% of People Don't Use 529 College Savings Plans."

CnC wrote:
Mon May 21, 2018 3:46 pm
For me the risks and opportunity costs of a 529 plan outweigh the benefits that's why I do not fund one.
We, as US citizens, thank you for the extra taxes :)
by DaftInvestor
Mon May 21, 2018 5:02 pm
Forum: Investing - Theory, News & General
Topic: What are downsides of ESPP @ 15% discount ?
Replies: 41
Views: 2655

Re: What are downsides of ESPP @ 15% discount ?

If you are in a high tax bracket (say, 32% or higher), it may be worth looking at extending the rotation period to 1 year in order to sell at long term capital gains (LTCG) rate. No, not really. The 15% discount (or whatever discount you get) at vesting is always taxed as ordinary income. Only the ...
by DaftInvestor
Mon May 21, 2018 2:04 pm
Forum: Personal Consumer Issues
Topic: how do you tip on wine at a restaurant
Replies: 185
Views: 9722

Re: how do you tip on wine at a restaurant

I drink wine with dinner at home but always order beer with dinner when I dine out. I think that wine prices in restaurants are just too much of a rip-off, and I won't pay it. That describes me, as well. I often pay $5 to $6 for a good craft beer. I believe it costs about $2.00 to $2.20 wholesale f...
by DaftInvestor
Mon May 21, 2018 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: When should we stop contributing to our 529?
Replies: 18
Views: 1738

Re: When should we stop contributing to our 529?

If I were you I would stop now unless you aren't concerned with over-funding. Assuming you are in a state like mine where Tuition/Room&Board of a State University is $25K a year - and assuming your account will grow at the same rate as how much public school tuition/room/board will increase - you wi...
by DaftInvestor
Mon May 21, 2018 11:15 am
Forum: Local Chapters and Bogleheads Community
Topic: How did you fall in love with investing?
Replies: 49
Views: 2623

Re: How did you fall in love with investing?

I graduated from college in 1990 - the company I worked for was in the final stage of discontinuing their pension program (big trend in the 90's with most of corporate America removing their pension programs). I fell in love with the necessity of investing because I had a Grandmother who was trying ...
by DaftInvestor
Sat May 19, 2018 6:17 pm
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 262
Views: 47170

Re: "Why 97% of People Don't Use 529 College Savings Plans."

CedarWaxWing wrote:
Sat May 19, 2018 5:23 pm
willthrill81 wrote:
Sat May 19, 2018 4:13 pm
Please be careful not to derail this thread and get it locked with conjecture about the future of higher education.
My apologies. Deleted by me.
Since the thread started in 2014 - I wouldn't worry about derailing...
by DaftInvestor
Sat May 19, 2018 11:40 am
Forum: Investing - Theory, News & General
Topic: What are downsides of ESPP @ 15% discount ?
Replies: 41
Views: 2655

Re: What are downsides of ESPP @ 15% discount ?

It's practically money in the bank but not 100% risk free. Tha only additional item that isn't in your list that I know of is if you are subject to a blackout period that prevents you from selling after purchase. (Example - you get involved in a major upcoming event such as a merger or acquisition a...
by DaftInvestor
Sat May 19, 2018 10:05 am
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 262
Views: 47170

Re: "Why 97% of People Don't Use 529 College Savings Plans."

The OP does list out some valid negative aspects of 529 plans. But I felt they dont apply to me,. Reason being. I have already maxed out 401k, IRA, mortgage, cash balance, etc. I still have plenty monies left over. Yes of course I can and do put a good chunk of that into S&P index funds and other m...
by DaftInvestor
Sat May 19, 2018 7:07 am
Forum: Personal Finance (Not Investing)
Topic: What’s your phone/internet bill?
Replies: 86
Views: 5069

Re: What’s your phone/internet bill?

$199 all in - includes landline, 150mbps up/down internet and TV service with nearly every channel (sports, showtime, HBO, etc.).
by DaftInvestor
Fri May 18, 2018 12:04 pm
Forum: Investing - Help with Personal Investments
Topic: Fellow non-529ers
Replies: 43
Views: 2861

Re: Fellow non-529ers

Regarding getting "slaughtered on taxes" when trying to withdraw excess funds - is it really that much worse than the taxes you'd pay in a taxable account? IIRC there is an additional 10% tax on capital gains when you withdraw for reasons other than school expenses, but there's also been years of t...
by DaftInvestor
Fri May 18, 2018 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Surgeon salary vs owning a business salary/profit?
Replies: 47
Views: 4000

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

To answer your question: Surgeon makes more on average without a doubt since so many businesses struggle to break even. However, in business you have a chance of clearing a lot more money than a surgeon - if you work hard, have a knack for it, work your way up, and happen to be in all the right plac...
by DaftInvestor
Thu May 17, 2018 3:09 pm
Forum: Personal Consumer Issues
Topic: how do you tip on wine at a restaurant
Replies: 185
Views: 9722

Re: how do you tip on wine at a restaurant

L I also tip on the total not the sub-total as I know some cheapskates do. It's interesting that a waiter in a high sales tax jurisdiction will get a bigger tip from you for doing the same exact thing as a waiter in low (or zero) sales tax jurisdiction would. For a $100 meal, 20% tip on the tax in ...
by DaftInvestor
Thu May 17, 2018 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: Friend says "Stock market will crash, invest in silver" - thoughts?
Replies: 127
Views: 7564

Re: Friend says "Stock market will crash, invest in silver" - thoughts?

OP: Someone above stated they shared Warren Buffet's views on Silver (and other commodities) as NOT being an investment but rather a speculation. In case you don't know what this means here is a Warren Buffet quote: “The problem with commodities is that you are betting on what someone else would pay...
by DaftInvestor
Thu May 17, 2018 12:19 pm
Forum: Investing - Theory, News & General
Topic: Bank Interest Rates — when will they go up?
Replies: 25
Views: 2774

Re: Bank Interest Rates — when will they go up?

It seems to be happening slowly but surely.
gsbank just went up to 1.7% percent and synchrony recently to 1.65%.
by DaftInvestor
Thu May 17, 2018 9:53 am
Forum: Personal Consumer Issues
Topic: Bed Bugs
Replies: 42
Views: 4145

Re: Bed Bugs

Why not call a couple more places and tell them how many square feet the rooms are; how many square feet your house is - and get a couple more quotes over the phone?
You can then see what price is reasonable.
by DaftInvestor
Thu May 17, 2018 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Buying I bonds - what is the purpose of Registration on TD website
Replies: 22
Views: 2100

Re: Buying I bonds - what is the purpose of Registration on TD website

Are there any common factors or situations where people decide that I bonds make sense? I currently have no I bonds, but I see some appeal. Is this for people who have all tax advantaged space filled with bonds? If so, is an extra 20k a year enough to move the needle? Aren't muni bonds in taxable e...
by DaftInvestor
Thu May 17, 2018 8:46 am
Forum: Investing - Theory, News & General
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 436
Views: 21725

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

I've run the math for myself and would say for me it is VERY likely.
But unlike the OP, I have 0 pension to consider (versus the OPs $125K).
For those with a healthy pension (plus a 401K on top of it) - the math may not work towards a lower tax bracket.
by DaftInvestor
Wed May 16, 2018 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: I will be laid off but can not get unemployment benefits?
Replies: 26
Views: 3848

Re: I will be laid off but can not get unemployment benefits?

If you need the unemployment payments then you should close your business prior to getting laid off. Your wife can then re-establish the business under all her own information. Why not do this? One reason for not doing this might be the loss of the reseller ratings/reviews resulting in a drop in bu...
by DaftInvestor
Wed May 16, 2018 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE book recommendation request.
Replies: 17
Views: 1030

Re: FIRE book recommendation request.

I'd hope that the OP, a long-time BH, is already far along on the path to wealth if he's considering retiring early in a year or so ;) So is that really the book he should be looking for? (I haven't read it, so asking for myself as well) I was thinking the same thing. If the OP is stating he can re...
by DaftInvestor
Wed May 16, 2018 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: I will be laid off but can not get unemployment benefits?
Replies: 26
Views: 3848

Re: I will be laid off but can not get unemployment benefits?

My understanding is that if you own your own business you are not technically unemployed - thus cannot claim benefits. Sounds like this is what you learned from your state's agent. Unemployed benefits are for those that are truly unemployed. If you need the unemployment payments then you should clos...
by DaftInvestor
Wed May 16, 2018 4:09 pm
Forum: Personal Consumer Issues
Topic: Grand Canyon or other Nat'l Park in October?
Replies: 44
Views: 2336

Re: Grand Canyon or other Nat'l Park in October?

Acadia National Park in Maine is gorgeous in October and while not empty - it is far less crowded than it is in the summer. Also - Mount Desert Island (where the park primarily sits) is considered one of the most fascinating geologic features on the eastern seaboard. Lots of rocks for your wife to e...
by DaftInvestor
Wed May 16, 2018 3:45 pm
Forum: Personal Consumer Issues
Topic: keyless ignitions and carbon monoxide
Replies: 81
Views: 4333

Re: keyless ignitions and carbon monoxide

Why does the NYT's article blame the car versus the lack of a CO detector by the home-owner? Everyone with an attached garage should have at least one CO-detector alarm. My wife once left her car running in the garage WITH A KEY. Not sure of statistics of people that leave their cars running with a ...
by DaftInvestor
Wed May 16, 2018 3:29 pm
Forum: Personal Consumer Issues
Topic: how do you tip on wine at a restaurant
Replies: 185
Views: 9722

Re: how do you tip on wine at a restaurant

$5 per person reminds me of my grandfather. He tipped 25 cents per person, regardless of the bill or venue. Coffee shop donuts? 25c/pp. Steak dinner? 25c/pp. That was his rule and it saved him a lot of money. You're grandfather sounds like my kind of guy! :sharebeer With a 25c/pp tip - if you retur...
by DaftInvestor
Wed May 16, 2018 3:25 pm
Forum: Personal Consumer Issues
Topic: Unique Phone Apps that you find yourself using most often?
Replies: 30
Views: 3005

Re: Unique Phone Apps that you find yourself using most often?

- Accuweather to see if it will be raining before I leave the house - I like the "Minute-cast" which is usually pretty accurate (tells me, for instance, rain will start in 27 minutes). Also good for planning my weekend. - Bloomberg for news along with a few others that I sometimes check (CNN for the...
by DaftInvestor
Wed May 16, 2018 3:08 pm
Forum: Personal Consumer Issues
Topic: how do you tip on wine at a restaurant
Replies: 185
Views: 9722

Re: how do you tip on wine at a restaurant

I tip 15 - 20% tip on the entire bill as customary in the US. I never thought to break out wine separately and if you are that concerned such that you want to short the wait staff their tip on wine perhaps you don't realize there is typically a 2x to 3x markup on the wine (in which case, perhaps you...
by DaftInvestor
Wed May 16, 2018 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Golden Handcuffs
Replies: 53
Views: 8441

Re: Golden Handcuffs

error 404: Golden handcuffs not seen. Golden handcuffs are that you have $1,000,000 in RSUs that won't vest for 5 years. Leaving means you give up significant money. Not just good benefits. This is what I was thinking when I read the OPs post. I thought he would mention options/RSUs. To me - a good...
by DaftInvestor
Wed May 16, 2018 12:08 pm
Forum: Personal Consumer Issues
Topic: College laptop for fall 2018 freshman
Replies: 82
Views: 4520

Re: College laptop for fall 2018 freshman

I wanted to add some things that haven't been brought up: ergonomics and avoiding Repetitive Stress Injuries (RSI) and long-term hell. ....... Great post. I offered my kids external monitors, keyboards, and mice to go along with the laptops we outfitted them with at college time. One took me up on ...
by DaftInvestor
Wed May 16, 2018 5:26 am
Forum: Investing - Help with Personal Investments
Topic: Fellow non-529ers
Replies: 43
Views: 2861

Re: Fellow non-529ers

My strategy has been using 529. :) 20+ years of tax free gains - I can't imagine anything else that would have been better for me.
Interesting thread - discussing alternates to the best college savings solution for someone that is maxing out other tax advantaged accounts.
by DaftInvestor
Tue May 15, 2018 6:59 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Customer Service Improvement Incentive?
Replies: 12
Views: 1227

Re: Vanguard Customer Service Improvement Incentive?

I have accounts at Vanguard, Fidelity, and Schwab but have yet to use customer service at any of them so to me - this is a "who cares?". If their computers run okay and their accounting is correct I'm happy (true for all 3).

That said - their incentive is customer satisfaction.
by DaftInvestor
Tue May 15, 2018 6:50 pm
Forum: Personal Consumer Issues
Topic: College laptop for fall 2018 freshman
Replies: 82
Views: 4520

Re: College laptop for fall 2018 freshman

If you go Mac you will get half the performance for the same price or have to pay twice the price for same performance. Depending upon your student weight might be a major consideration as they trudge around campus. Trade off is larger screen or smaller/lighter - most students seem fine with the sma...
by DaftInvestor
Tue May 15, 2018 6:36 pm
Forum: Personal Consumer Issues
Topic: Popular Mechanics magazine scam [subscription won't stop]
Replies: 31
Views: 5381

Re: Popular Mechanics magazine scam [subscription won't stop]

If you signed up for the magazine and think it probably had a autorenew statement (which most do these days) why not just call and cancel? And why do you think it a scam? It's common practice now. There was probably a "by submitting your check you are agreeing to have us automatically renew your sub...
by DaftInvestor
Tue May 15, 2018 8:38 am
Forum: Investing - Help with Personal Investments
Topic: Another ESPP question
Replies: 5
Views: 538

Re: Another ESPP question

Though the plan is a bit restricted - not counting lower of two periods and block for 6 months after purchase, I still it is a good bet. I personally dont subscribe to the paranoia of holding a single stock particularly if is a large company with good history AND if its not a huge chunk of your por...
by DaftInvestor
Sun May 13, 2018 6:35 am
Forum: Investing - Help with Personal Investments
Topic: Is Whole Life Insurance Worth It?
Replies: 54
Views: 3881

Re: Is Whole Life Insurance Worth It?

Either your "good friend" is not such a good friend or he isn't so bright in that he has been brainwashed into thinking whole life a good deal. Unless your spouse is fully financially dependent upon you I would wait until you are expecting your first child and then shop term policies. Was it your fr...
by DaftInvestor
Sun May 13, 2018 6:23 am
Forum: Personal Consumer Issues
Topic: 4 cars for 3 drivers?
Replies: 15
Views: 1109

Re: 4 cars for 3 drivers?

We have 3 cars for 4 drivers so I don't see the need but I also work from home much of the time so not commuting every day. I would trade the Van for a minivan like someone else suggested. Seems like it would solve your issue with the van being too high but needing a vehicle you can all comfortably ...
by DaftInvestor
Sun May 13, 2018 6:17 am
Forum: Investing - Theory, News & General
Topic: Any issues with upgrading Vanguard taxable account to brokerage?
Replies: 19
Views: 1669

Re: Any issues with upgrading Vanguard taxable account to brokerage?

Another annoyance and unneeded expenses for us was getting notary signatures on new forms to link your bank accounts and Vanguard accounts if they don't have the same owners. In California, it costs $10 per signature per form! For example, if you want to link a joint checking account with an Indivi...
by DaftInvestor
Sat May 12, 2018 6:21 am
Forum: Investing - Theory, News & General
Topic: Anything wrong with too many lots?
Replies: 47
Views: 4675

Re: Anything wrong with too many lots?

Back to the original question now that we are clear on the fact that brokerages are required to track basis: OP: I don't worry about too many tax lots. It takes mere seconds when you sell to choose which lots you want to sell and when you file taxes with software info can be imported. Also - I like ...
by DaftInvestor
Fri May 11, 2018 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: IRS tax form [Rejected as photocopy, signature must be in blue ink]
Replies: 41
Views: 3108

Re: IRS tax form [Rejected as photocopy, signature must be in blue ink]

An older accountant that is in the family said to me after I told them I had gone 100% paperless: Accountant: "I recommend to all my clients that they should not go paperless; if the IRS ever audits you they will want original copies of your brokerage and bank statements". Me: "How can the IRS tell...
by DaftInvestor
Fri May 11, 2018 2:54 pm
Forum: Personal Consumer Issues
Topic: Anyone buy carbon offsets when flying?
Replies: 111
Views: 4329

Re: Anyone buy carbon offsets when flying?

The car has to move not only me but also a ton or so of metal and plastic. Also, the car engine only operates when I'm using it, but I'm breathing all the time whether I'm walking or not. Burning extra calories also has an environmental impact. Human carbon dioxide emissions are part of a closed lo...